The Business Times, 10 September 1998
1998-09-10
1
38
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The Business Times
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Title Section12 1998-09-10 1 MITA(P) 110/12/97 85e The Business Times SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, SEPTEMBER 10,199812 words
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Article69 1998-09-10 1 □sro 886.44 (+16.78) ST-SRI ***** (+3.84) U ***** (+46.54) nsossanmnES km 13L02 (-1.2) CIHABKtfriIOOD: mm Mixed STOCK HABKET INDICES Wednesday Change KLSE COMP 389.66 *40.09 NIKKEI 14,716.64 -167.96 HANG SENG 7,906.46 -***** SET INDEX 213.98 ♦1.11 JAKARTA COMP 328.74 -4.66 MANILA COMP 1.167.43 -34.66 TAIPEI WPI 6,894.67 -47.6969 words
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Article76 1998-09-10 1 FOSEX SATES USS S3 US» 1.726 £{US$/SS per£) 1.669 1863 DM 1.733 0.996 YEN 133.4 1594 R* ISM 0.464 HKS 7.760 0523 BAHT 40.796 0.042 HJP1AH 11,760 0.016* St to 1M units PUBEIATES SINGAPORE* 7.88 KUALA LUMPUR 11 JO JAKARTA .28.00 BANGKOK 1475 MANILA _22Jt HONGKONG 10.25 TAIPEI 8.8076 words
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Article, Illustration1195 1998-09-10 1 Yen Sreenivasan - Clob shares fly 36% in hectic trade as investors are drawn by sharp discounts By' Yen Sreenivasan [SINGAPORE! After a hectic day which saw prices of Malaysian shares on Clob International soar almost 36 per cent, the Kuala Lumpur Stock Exchange announced lastARTHUR LEE - 1,195 words
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782 1998-09-10 1 Anthony Rowley - Move signals Fed rate cat: analysts; yen plunges to 137 From, Anthony Rowley in Tokyo THE Bank of Japan last night stunned financial markets by announcing that it intends pushing Japan's already historically low interest rates even lower. This provoked speculation that782 words
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634 1998-09-10 1 M'sian nnit said to be trading at 4.00-4.20 to US$ Reuters [KUALA LUMPUR] Malaysia's imposition of foreign exchange controls has led to what is a virtual economic certainty when a currency is pegged a currency black market. Economists, analysts and money changers contacted by ReutersReuters - 634 words
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349 1998-09-10 1 R Sivanithy - Price Waterhoose appointed to develop restructuring plan By. R Sivanithy [SINGAPORE] Electronics and telecommunications firm Goldtron Ltd yesterday said it is negotiating an interim standstill agreement with its creditors to give it time to review its businesses and embark on a restructuring plan. In349 words
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Page 1 Advertisements
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Advertisement172 1998-09-10 1 nBBPB ■•re rarest Clashes broke out yesterday between students demanding the ouster of Indonesian President B J Habibie and troops in the country's second-largest city of Surabaya, Pf 7 Bank Negara's new governor Ali Abul Hassan has formally directed bankers to walk the tightrope by demanding they grow their loan172 words
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Advertisement22 1998-09-10 1 Markets hit by rumours of new ringgit fix of 3.50, Pg 3 Fuji dulw derivative losses of up to 3t yen, Pgl622 words
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Advertisement20 1998-09-10 1 !r 1 /i,'/.. f trij:: >&*^P^B^SB*K3Pli^ *V99B| ..<#x:B*iJM'!. 1MR Q j p H& 1 A St— L. 1 MMELLW&.-,. I20 words
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CHANGE IN MALAYSIA
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373 1998-09-10 2 Siow Li Sen - By\ Siow Li Sen [SINGAPORE] Shell-shocked Malaysian ringgit depositors who are still coming to grips with a US dollar deposit dumped on their laps, whether they want it or not, may now have some reason to smile. At a time373 words
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Article, Illustration480 1998-09-10 2 Meera Tharmaratnam - Banks can now report financial position half-yearly, instead of quarterly Froi Meera Tharmaratnam Tharmaratnam in Kuala Lumpur BANK Negara's new governor Ali Abul Hassan has formally directed bankers to walk the tight-rope by demanding they grow their loan books by atAFP - 480 words
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445 1998-09-10 2 Anthony Rowley - From. Anthony Rowley in Tokyo A SENIOR United States government official yesterday expressed strong concern over Malaysia's decision last week to impose capital controls and warned that if other countries take similar action, resulting in a "patchwork" of such controls, a systemic threat445 words
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501 1998-09-10 2 Nor Mohamed, who quit after 80s fiasco, now special adviser Reuters [KUALA LUMPUR] The Bank Negara official who quit after the Malaysian central bank lost billions of ringgit in a past foreign exchange fiasco has risen from the ashes and is now special adviserReuters - 501 words
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595 1998-09-10 2 It says exchange controls nndermine investor confidence AFP Bloomberg [KUALA LUMPUR] Malaysia's credit rating has been cut to below investment grade, or junk status, by Fitch IBCA, on concern that capital controls imposed last week could cut off investment flows intoAFP; Bloomberg - 595 words
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375 1998-09-10 3 He also denies that he favours the foreign press AFP [KUALA LUMPUR] Malaysia's ousted deputy prime minister Anwar Ibrahim yesterday denounced a virtual blackout on him by local newspapers and broadcasters and denied he was favouring the foreign media. "There are attempts toAFP - 375 words
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Article, Illustration428 1998-09-10 3 Larry Wee - Asian currencies first rise then weaken as yen reels By Larry Wee [SINGAPORE] Asian currencies were hit by rumours yesterday that Malaysia could soon be adjusting its official 3.80 fix to the US dollar to 3.50 instead. "It's not ifSource: Bridge - 428 words
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Article, Illustration319 1998-09-10 3 Bernama [KUALA LUMPUR] Former Deputy Prime Minister Anwar Ibrahim yesterday claimed that more than 100 lawyers have expressed support for him, and said they had pledged to enlist the support of about 1,000 lawyers. Addressing some 100 supporters at his home at BukitBernama; REUTERS - 319 words
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279 1998-09-10 3 Penang wing says it will urge to take Anwar back AFP [KUALA LUMPUR] The youth wing of Malaysian Prime Minister Mahathir Mohamad's ruling party will hold a special meeting to discuss the issue of sacked deputy Anwar Ibrahim, party officials said yesterday.AFP - 279 words
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Article, Illustration287 1998-09-10 3 DAP chief slams PM for taking finance minister's post AFP [KUALA LUMPUR] Opposition leader Lim Kit Siang has warned that Malaysia could turn into a dictatorship as Prime Minister Mahathir Mohamad tightens his grip on the country. "Mahathir is not only prime minister,AFP - 287 words
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Page 2 Advertisements
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Advertisement65 1998-09-10 2 SNEAOiVm THIS MEND m** tl STEVE f< SPIELBERG tom hanks saving private ryan edward burns matt damon torn sizemore the mission is a man. P;RA»;-OoM?CTuRtS-S-DR£Af,rAOP<SPICTURES-v -ÜBUiEs'tSW.VtfiU '■•■'•'-MlAl SAVfiG RR'VA I :r ~z A EDWRDBURNi M4TTSiMGN T QM SjZEMORE GPVCiWS.". A! "'U'of.sEsAf. f-:,: l-" c IP k timw'm, .•'r.%i' v jmuszjaw.Y'.:"'"65 words
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Advertisement80 1998-09-10 2 i* and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a topping- out ceremony. It's80 words
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Advertisement89 1998-09-10 2 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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Page 3 Advertisements
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Advertisement97 1998-09-10 3 The Bottomline: Anwar crisis is old-fashioned political fight, Pg 10 H J /Jm /iWr i I CARTnm y/^r Automatic movement. Water-resistant to 100 metres. range from 554,830 x 0 1 Available at: A O Cortina Watch Centre SINGAPORE Cortina Watch Centra Pie Ltd Baffles City #01-36 Tel 339 9185 Fa*97 words
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SINGAPORE AT HOME & ABROAD
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Article155 1998-09-10 4 HONG Leong Holdings yesterday reported that sales of its 720-unit North Oaks executive condominium development in Woodlands Avenue 7 has crossed the 50 per cent mark with 362 units sold. And to ensure interest in the project remains strong, the company is offering155 words
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425 1998-09-10 4 Ven Sreenivasan - Premiums seen sliding for the next 6-12 months By' Ven Sreenivasan OCTOBER'S Certificate of Entitlement (COE) premiums fell across the board, with most categories now near five-year lows. The latest tender results, released yesterday by the Land Transport Authority, show that the premium425 words
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507 1998-09-10 4 Ronnie Lim - Refining firm is second this month to production to record lows By Ronnie Lim SINGAPORE Refining Company will slash its refinery output by half, the second refiner this month, after Shell, to reduce production to record lows. "In response to a declining507 words
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Article, Illustration344 1998-09-10 4 Audrey Tan - EYE ON THE ECONOMY Outlook By, Audrey Tan THE Singapore economy will contract by 2.5 per cent in the second half of this year, and the current recession may last longer than the 1985/6 downturn, says Overseas Union Bank (OUB). In its latest FinancialSource: UOB - 344 words
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211 1998-09-10 4 Eugene Low - By] Eugene Low A BLACK market for cashcards is likely to have existed, according to industry sources, who said some banks had people buying up to about 70 cards each around March and April this year. These people would then sell the211 words
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460 1998-09-10 4 Eugene Low - TRANSPORTATION CONFERENCE Traffic volumes in CBD during peak periods have fallen By: Eugene Low COMMUNICATIONS Minister Mah Bow Tan yesterday said the electronic road pricing (ERP) system "has performed very well" and will have "beneficial effects" on the domestic460 words
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Article, Illustration313 1998-09-10 4 Raju Chellam - By] Raju Chellam COMPANIES that make solving the year 2000 (Y2K) computer bug a priority will be awarded a "Y2K-In-Action" logo by the National Computer Board (NCB). The logo serves as an assurance to the company's business partners, customers and suppliers that itSIEW YAW HOONG - 313 words
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Article, Illustration336 1998-09-10 4 HOUSING and Development Board (HDB) chairman Hsuan Owyang will retire on Oct 1. He will be succeeded by Ngiam Tong Dow. Mr Ngiam, 61, is permanent secretary of the finance ministry. He is also chairman of the Central Provident Fund Board, andFILE PHOTOS - 336 words
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Article115 1998-09-10 4 Soh Ong Sang - LETTER TO THE EDITOR Soh Ong Sang NOW that interest rates are falling in the region, especially in Hongkong and Malaysia, it is time for our local banks to re-examine their policy on keeping the prime rate high at 8 per cent. With three-month interbank115 words
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275 1998-09-10 4 Poo-Cheong Wai Ming - By] Poo-Cheong Wai Ming NEW technologies will probably increase rather than decrease the need for travel and transportation of goods, a conference heard yesterday. That's the view of AB Volvo's senior vice-president Lars Anell, who was speaking yesterday on "Public transportation in the275 words
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Page 4 Advertisements
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Advertisement26 1998-09-10 4 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 Service26 words
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FOCOS: PROPERTY
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Article, Illustration577 1998-09-10 5 Jenny Lam - Rentals in popular Pandan Valley/Mt Senai belt tumble despite enjoying good demand from expats By, Jenny Lam [SINGAPORE! DESPITE being sought after by expatriates, condominiums in the popular Pandan Valley/Mt Sinai belt off Holland Road have seen rentals tumble in line withFILE PHOTO - 577 words
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Article585 1998-09-10 5 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Aug 8 and Sep 5, 1998 PROJECT NAME/ PROP CONTRACT TENURE 8ULT-W/ PRICE PS* STREET NAME TYPE DATE LANOAREA* (SOFT) (SS'OOOI (Sfi District 11 Mow-imiwi Birmingham Mans Apt 07/17/98 FH 1076585 words
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475 1998-09-10 5 Diana Oon - Up to 20% drop in ontlying areas since fall began at end-96 By. Diana Oon [SINGAPORE] Falling occupancy rates for private apartments have put pressure on rents in the prime districts of 9,10 and 11, and even more so in the outlying475 words
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Page 5 Advertisements
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Advertisement33 1998-09-10 5 ili'lk^lll® rA SROTMPHiM TTT7TI N N 1 I I I r—j *<m K 8 «hmSSSSSSSSSSSSB Impress your <fo(yp friends with an interesting snippet. Rud Cats' Mews in $«nd«y CU»«ifi«4 ibii tmlund. fS'a CAJJS.33 words
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Advertisement373 1998-09-10 5 I for sale by tender I •Site Area: 48,633 sq ft approx. Site Area; 23,959 sq ft j^jprox. •AflowabtepMrafo:l.4,upto4storevs 3-storey mixed landed housing; potential for about 11 terrace houses. «w»n an estabSshed residential estate. Off Upper Serangoon Road, right next Walking dfetance to Kembangan MRT to 9,6 Serangoon MRT station373 words
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Advertisement80 1998-09-10 5 Try Is! I FREE ARTWORK I We ch»gr only mnmum coocept fee I Your One-Stop complete pre-press solutions with the most affordable prices.... Desk-Top Publishing Centre Our services include Fast...Cheap... reliable turn-around design service Computer Renting Power Mac High-end latest Fuji Xerox 936 full colour laser OHP printout Colour or80 words
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ASIA'S ECONOMIC SLUMP
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419 1998-09-10 6 Hariah Mehta - They have expanded loans, have low NPLs:BOT chief From Hariah Mehta in Bangkok THE 20 foreign banks operating in Thailand have boldly expanded their loans, and their market shares, while reporting low levels of bad loans, and have remained immune to the419 words
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228 1998-09-10 6 AFP [BANGKOK] Thai financial authorities yesterday announced the largest auction yet of core assets of closed finance companies here, putting their value at 460 billion baht (5519.4 billion). The auction will be not only the biggest in Thailand's history, but also theAFP - 228 words
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463 1998-09-10 6 Govt to convert aid fnnds into rupiah; ease rules for share issue, delisting Reuters [JAKARTA] Indonesia took new steps yesterday to revive its largely banktupt private sector, weighed down by US$B4 billion (Ssl4s billion) in overseas debt. Among moves to strengthenReuters - 463 words
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Article, Illustration305 1998-09-10 6 Bloomberg [JAKARTA] Capital controls like the ones adopted by Malaysia are out of the question for Indonesia, said Hubert Neiss, the International Monetary Fund's director for Asia and the Pacific. "Absolutely not," Mr Neiss said, after being asked if the IMF would considerBloomberg; REUTERS - 305 words
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432 1998-09-10 6 Team led by chief of capital markets watchdog body AFP [JAKARTA] The Indonesian government yesterday set up a team to facilitate out-of-court corporate debt settlements, headed by the chief of the capital markets watchdog agency. "There has to be aAFP - 432 words
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Article, Illustration656 1998-09-10 6 It's a step further away from democracy, say analysts, politicians Reuters [HONGKONG] The Hongkong government's plan to boost Chief Executive Tung Chee-hwa's control over financial exchanges and clearing houses came under fire yesterday. The concentration of power into the hands ofReuters; FILE PHOTO - 656 words
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390 1998-09-10 6 Country may tap USs26om from IMF stand-by facility Reuters [MANILA] The Philippines and the International Monetary Fund (IMF) ended a two-week-long economic review yesterday with praise from the IMF and an announcement the country might tap US$26O million (*****.5 million) from a fund stand-by facility.Reuters - 390 words
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REGION
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Article, Illustration654 1998-09-10 7 SURABAYA Protesters in Surabaya want govt to stop surge in prices Reuters CLASHES broke out yesterday between students demanding the ouster of Indonesian President B J Habibie and troops in the country's second-largest city of Surabaya, witnesses said. Some students and politicalReuters; REUTERS - 654 words
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256 1998-09-10 7 KUALA LUMPUR Reuters THAILAND, the world's biggest rubber producer and exporter, will cut its output by at least 10 per cent, officials said yesterday. Sanit Samosorn, deputy director-general at Thailand's agriculture department, told Reuters the move should help toReuters - 256 words
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338 1998-09-10 7 JAKARTA He offers giant pulp and paper plant to pay off debt Bloomberg AFP MOHAMAD Bob Hasan, a confidant and business partner of former Indonesian president Suharto, said he's willing to give up a US$l.2 billion (Ss2 billion) pulp andBloomberg; AFP - 338 words
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354 1998-09-10 7 PHNOM PENH AFP CAMBODIAN opposition leader Prince Norodom Ranariddh yesterday said he had dropped two key demands threatening a constitutional crisis as a violent government crackdown on protesters left a monk dead. The Funcinpec party leader said the conditions dropped, two ofAFP - 354 words
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268 1998-09-10 8 NEW YORK Bloomberg AUSTRALIA needs to lower its large overseas debt, Moody's Investors Service said, or the country will be vulnerable to shifts in international market sentiment and capital flows similar to those that ignited Asia's financial crisis. "A key challenge for theBloomberg - 268 words
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549 1998-09-10 8 TOKYO ING Barings also sees nearly half of top banks dosing, says next three months critical AFP JAPAN'S banking crisis could cost 67 trillion yen (SsB79 billion) in taxpayers' money to resolve, and bring the closure of nearly half of Tokyo's majorAFP - 549 words
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Article, Illustration219 1998-09-10 8 SEOUL NORTH Korea's newly-or-dained supremo Kim Jong II made a rare public appearance at a huge military parade and rally in Pyongyang yesterday as the communist state feted its 50th birthday in spectacular style. The reclusive Mr Kim, who has taken theREUTERS - 219 words
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419 1998-09-10 8 TAIPEI They say transport, communication links will open np trade AFP US businessmen in Taiwan urged the government here yesterday to establish direct transport and communications links with archrival China to open up new trade opportunities. "It's very important fromAFP - 419 words
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255 1998-09-10 8 COLOMBO AFP A VISITING Indian minister yesterday urged developing nations to consider conducting trade in their own currencies and warned against US dollar "imperialism". Commerce Minister Ramakrishna Hegde said the financial crisis in East Asia showed that dependence on the USAFP - 255 words
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445 1998-09-10 8 BEIJING Falling exports and domestic demand expected to hurt economy: think tank Reuters A TOP Chinese government think-tank said yesterday that China's economic growth was likely to slow to 7.5 per cent in 1999 as exports and domestic demand flagged. The State InformationReuters - 445 words
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Article, Illustration300 1998-09-10 8 BEIJING AFP OFFICIALS yesterday warned that rebuilding destroyed homes from China's catastrophic flooding could take three years as emergency donations from around the world topped US$2lO million (*****.3 million). "The first thing is to help nearly 100,000 disaster-strick-en people survive the approaching winter,"AFP - 300 words
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Article, Illustration664 1998-09-10 8 Lu Ning - CHINA WATCH It's an exercise In pragmatism; Chinese model may not suit others By Lu Ning WHEN Malaysian Prime Minister Mahathir Mohamad dropped a bombshell last week by slapping controls on the flow of capital, he apparently had one country in mind. His key664 words
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Page 7 Advertisements
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Advertisement510 1998-09-10 7 B Goldtron Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Fifth Annual General Meeting of the Company will be held at 53 Übi Road 1, Singapore *****8 on Friday, 25 September 1998 at 11.00 a.m. for the following purposes: As510 words
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Advertisement194 1998-09-10 7 Lxve to EAt f^^j., i- The Foot> AffAt? ro? Survivors. 5-20 September V i- cjr. ~V, The LIVE TO EAT! Food Affair brings together Visit these restaurants to enjoy great meals at a host of special meal offers at participating great deals: restaurants at Clarke Quay. Sample delicious local, Italian,194 words
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Page 8 Advertisements
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Advertisement15 1998-09-10 8 Buy It Sell It Find It Classified. f§t CATS. 1800-737-1166 Call Today For Results Tomorrow.15 words
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Advertisement8 1998-09-10 8 Editorial: Silver lining in China's floods, Pg 108 words
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THE WORLD
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Article, Illustration673 1998-09-10 9 Leon Hadar - Some of Clinton's closest allies now distance themselves from him From Leon Hadar ty Washingtori US lawmakers are returning to Washington this week following the summer recess. Both Republicans and Democrats are waiting with a growing sense of dread for the report673 words
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Article, Illustration379 1998-09-10 9 WASHINGTON Bloomberg US attorney-general Janet Reno has launched a new 90-day investigation into President Bill Clinton's fUnd-raising efforts, a probe that could lead to the appointment of an independent counsel. The inquiry marks the third time in two weeks that Ms Reno has notified aBloomberg - 379 words
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Article, Illustration425 1998-09-10 9 BRASILIA Reuters BRAZIL announced emergency spending cuts on Tuesday to shield its economy from a worldwide financial crisis that has sent local markets into a tailspin, but the moves were met with disappointment at home and abroad. With general elections justReuters; AFP - 425 words
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478 1998-09-10 9 Neil Behrmann - Economists see growth slowing to 1% next year Froi Neil Behrmann in London BRITISH economists are fearing the dreaded "R" word recession. So much so that most forecasters believe the Bank of England will leave interest rates unchanged at 7.5 per cent this week.478 words
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466 1998-09-10 9 MOSCOW He may be deciding between Primakov and Chernomyrdin Reuters AFP PRESIDENT Boris Yeltsin summoned two of the men in the running to be Russia's next prime minister yesterday as he agonised over whom to nominate for a decisive vote in Parliament. Mr YeltsinReuters; AFP - 466 words
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267 1998-09-10 9 SYDNEY AFP THE world is heading for a period of low economic growth not seen since the *****, with China likely to be the next country to face a severe slump, leading economists warned yesterday. The National Institute of Economic andAFP - 267 words
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Page 9 Advertisements
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Advertisement337 1998-09-10 9 IYauVE NERVES CDF STEEL TO HANDLE [ANY TURBULENT BUSINESS SITUATIC3N. I_ 2ood I A Powerful 3-Step Y2K I Management Methodology I A suite of software (Diagnostic, Fix and Audit), ANNODEUS 2000 I (A 2000) will gear up your company towards a fully compliant PC rfte mlennium Bu h more I337 words
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EDITORIAL & OPINION
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Article, Illustration681 1998-09-10 10 Walton Morais - THE BOTTOMLZNE OPINION By Walton Morais The writer is BT'sforeign editor BY most accounts, Malaysian Prime Minister Mahathir Mohamad has checkmated his former deputy, Anwar Ibrahim, by dismissing him from his government posts and expelling him from the country's dominant political party. After days681 words
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Article137 1998-09-10 10 'We can't close all the doors and windows then we would have no business to do.' Donald Tsang Hongkong Financial Secretary, on his defence of the Hongkong dollar. He said the only/oolproof method to keep the Hongkong dollar safe from attack would be international controls on hedge137 words
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Article633 1998-09-10 10 EDITORIAL Raging floods have been making headlines ever since spring this year in China The nation's worst deluge in four decades has thus far hit provinces from Heilongjiang in the north-east to Tibet in the south-west, affecting 20 per cent of the population. The hardest633 words
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Article, Illustration1008 1998-09-10 10 Shoeb Kagda - Indonesian economics minister is confident the stricken economy can recover and continue to grow By\ Shoeb Kagda The writer is BT's Jakarta correspondent INDONESIA'S economic tsar Ginandjar Kartasasmita is thinking of calling it a day after more than two decades in government.FILE PHOTO - 1,008 words
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Article1007 1998-09-10 10 Former leaders do tad lies PERHAPS very few people capable of rational thought believe what ousted president Suharto said in his speech broadcast by the private TPI television station on Sunday night. In his statement, Mr Suharto denied allegations that he had a personal fortune worth1,007 words
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Page 11 Advertisements
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Advertisement348 1998-09-10 11 Mi't fM Imm? I rti4 it ia Cats' Mewsf Catch Cats' Dm ii Sii4ty Clittifltl thit itthid.^ CATS. Where to wine, dine and entertain... o> BSMHB3MBIIIW CWE TfE g%SW(p level I Da^-v A La-Carte menu. Western and local li r favourites chef s js. ill JM speciality top selling At348 words
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Advertisement109 1998-09-10 11 Mandarin fflj Sirkpapare proudly presents Gioacchino Rossini's 'tfaarber f OPERA IN 2 ACTS 17 SEPTEMBER 1998 7PM MANDARIN BALLROOM 4-COURSE BORDEAUX SET DINNER SHOW $98 NETT PER PERSON Qui flown w by Sponsor Brunei j 333 Orchard Road, Singapore *****7. Tel: *****11 Buffet Dinner 6pm to 10:30pm Mon fo Sun109 words
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Page 11 Miscellaneous
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Miscellaneous904 1998-09-10 11 TV&badio ll■■ News c s a Architecture In Shang nSggglEß^ 2-30 TV Innovations. gramme With An Atti- hai. 4.00 Kidz Sesame tude). 5 38 Snow White. 5.00 The Silver Brumby. tm Newss At Seven. 5.30 Sam Max. 7.30 Home Improvement IXOO NN Response TV. 6.00 Teletubbies. 8.00 Phua Chu Kang904 words
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Miscellaneous160 1998-09-10 11 ilkifi-iC CROSSWORD new funds (8) Z_JB_ with hesitation (5) DOWN taking a meal (8) YESTERDAY'S SOLUTION 1 Bullied and with fore- 12 Fair way to make evaluahead marks to prove it (10) tions (8) "t 2 Artificial diamond valued in 14 Demanding boss gives job to yNyByNUNyTBRyEy Eire (8) expert160 words
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EXECUTIVE LIFESTYLE
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Article, Illustration527 1998-09-10 12 SIAN E JAY - Spink's showcases decorative artworks that will sit well in a home, says sxam b jay SIAN E JAY SPINK'S latest exhibition for sale Silk, Lacquer and Stone— represents a departure from the gallery's more usual artefacts. Instead of its fine art objects, Spink is presenting527 words
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Article, Illustration289 1998-09-10 12 Sian E Jay - ARCHITECTURE A new style book sheds light on My&nm&r's unique traditions, ideas By I Sian E Jay Myanmar Style: Art, Architecture and Design in Burma Photographs by Luca Invernizzi Tettoni Price 809.90 Available at leading bookshops GIVEN the numerous style books popping up in289 words
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Page 12 Advertisements
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Advertisement571 1998-09-10 12 CHO HUNG BANK (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF December 31,1997 and 1996 OPERATIONS 1997 1996 For the Years ended December 31,1997 and 1996 Millions of Millions of Korean Won Korean Won I*7 1996 Assets Millions of Millions of Cash and cash equivalents 4,530,794571 words
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Advertisement140 1998-09-10 12 I Waiting till 1999 1 I may be too late! I Many foreign subsidiaries have already received instructions ('V, from their Head Offices to ensure Year 2000 compliance for their payroll software by December 31,1998. If you are still using a Non-Year 2000 payroll package, it is time you called140 words
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Advertisement164 1998-09-10 12 ♦Hie Motoring page has been held over. a TIED pfOTff.r. ,5 IW»«»UN*E«I! I I H m*C£Of 8 U |^S drive you forward ugacrnrs c-t«0, V H 9 mw K" T BUM t J Mr. Klf> fr A! W J+K?W I SBT HATE ~»1 watl x ii- ?i> Af<i<3eat SM u164 words
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Page 12 Miscellaneous
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Miscellaneous146 1998-09-10 12 -ring WEATHER Singapore: Partly cloudy. Temperature (30/2SC) AaU-PMtfl o Wffl* Good. Wi IMS doudy Storkhnt* V\i *ucS AuAfand H/H dandy Mem Mfi dourtv Vnm WTi *2 26/33 ram Zurich (2/20 doudv BfjN! 22/30 hazy Europe Lo/Hl* Good. to**y 2631 stowm Ajuahrdaw 14/18 doudy flurtm La/Bt* Com*. 14/21 dwwws Athns 19/38146 words
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Companies & Markets
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557 1998-09-10 13 Wong Wei Kong - Reforms proposed by SES review panel seen providing impetus for change By' Wong Wei Kong [SINGAPORE] The merger of Vickers Ballas Holdings and ST Capital to form a regional stockbroking, corporate finance and fund management group will quicken the pace of change557 words
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Article, Illustration512 1998-09-10 13 David Boey - ST Capital shares hit 7-week low while stockbroker rises to 4-week high By) David Boey [SINGAPORE] The day after news of their proposed merger hit the markets, the shares of ST Capital and Vickers Ballas went separate ways, with ST Capital closingSource: Bloomberg - 512 words
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205 1998-09-10 13 [SINGAPORE] Small investors who applied for between one and nine lots of shares have been allotted 41.5 per cent of door maker KLW Holdings' public tranche of 2.55 million shares. In total, 1,044 applications were received from the public and application funds205 words
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638 1998-09-10 13 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih Will Nat Steel Ltd ever lose its crown jewel, Nat Steel Electronics Ltd (NEL)? It may because of NEL's huge cash appetite. To understand why, turn to the latest NEL annual report. On page 14,638 words
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408 1998-09-10 13 Toh Han Shih - By' Toh Han Shih [SINGAPORE] Mainboardlisted department store C K Tang, which is in the red, might well have to lay off staff in Singapore or sell its Malaysian operations, its chairman Tang Wee Sung told reporters yesterday. "If a408 words
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208 1998-09-10 13 Soh Tiang Keng - Writeoff to be taken against share premium account By I Soh Tiang Keng [SINGAPORE] Food group QAF Ltd plans to write off about two-thirds of its accumulated losses of $75.3 million by tapping its share premium account. The move, to reflect more208 words
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REGIONAL COMPANIES
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Article, Illustration444 1998-09-10 14 TRI said to be looking at paying token RMI, RM2.5b in assumed debt Bloomberg [KUALA LUMPUR] Technology Resources Industries Bhd (TRI), Malaysia's biggest cellular phone company, is in talks to merge with the phone unit of the country's largest construction group RenongBloomberg - 444 words
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247 1998-09-10 14 Reuters [HONGKONG] Sun Hung Kai Properties Ltd yesterday said it will give new BMWs to house buyers to boost sales of its Chateau Royale residential development in Tai Po amid a collapsed Hongkong property market. The developer would offer 34 houses inReuters - 247 words
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237 1998-09-10 14 Russell Baker - From Russell Baker in Sydney PUBLISHING Broadcasting Ltd (PBL), the Australian media group controlled by Kerry Packer, yesterday reported a 161.6 per cent surge in net profit to A 5476.4 million (*****.7 million) for the year to June 30. It also announced the237 words
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395 1998-09-10 14 Bloomberg [TOKYO] Daiwa Securities Co, Japan's second biggest broker, said it recorded losses of about 14 billion yen (SslBl million) on Latin American, Asian and other emerging market debt in August. Last month, Russia devalued the rouble and defaulted onBloomberg - 395 words
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624 1998-09-10 14 Carol Eng - Solid standing in business circles will draw members Ry{ Carol Eng [SINGAPORE] The fledgling Singapore Institute of Directors is banking on developing a solid standing in business circles to draw members. And those who join it must abide by its624 words
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Article, Illustration432 1998-09-10 14 Government of Singapore has direct 1&3% stake Reuters Bloomberg [LONDON] Britain's Thistle Hotels said yesterday it plans to return £185 million (*****.1 million) to shareholders in two tranches. New Zealand Investment company Brierley Investments Ltd (BIL) owns 46 per cent ofReuters; Bloomberg - 432 words
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301 1998-09-10 14 Hariah Mehta - Five other firms also put in their bids yesterday Prom Hariah Mehta in Bangkok SINGAPORE'S Overseas Union Bank (OUB), and five other foreign and Thai financial institutions, entered the competition yesterday to win a lucrative contract to serve as301 words
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246 1998-09-10 14 AFX-Asia [JAKARTA] Indonesia's largest auto manufacturer, PT Astra International, will merge two units of its subsidiary PT Federal Motor to improve efficiency, a company official said yesterday. The two units are PT Honda Astra Engine Manufacturing and PT Honda FederalAFX-Asia - 246 words
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471 1998-09-10 14 Plunging prices of DRAM chips force plant to lay off 340 Bloomberg [TOKYO] Matsushita Electric Industrial Co, the world's largest maker of consumer electronics, said yesterday it will shut its US semiconductor operations, close a factory in Puyallup, Washington, and fire 340 employees. MatsushitaBloomberg - 471 words
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COMPANY Briefs
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63 1998-09-10 14 AFX-Asia [JAKARTA] PT Indofood Sukses Makmur said its founding shareholder, the Salim Group, will not sell its assets until Sept 21. In a statement to the Jakarta Stock Exchange, it said that the group has also signed a deal with the IndonesianAFX-Asia - 63 words
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50 1998-09-10 14 AFX-Asia [KUALA LUMPUR] Malaysian Resources Corp Bhd said in a statement to the stock exchange it has purchased 36,000 Malakoff Bhd shares from the open market at RM3.52-RM3.80 per share on Aug 24-25. Malaysian Resources' shareholding In Malakoff currently stands at 25.54 per cent —AFX-AsiaAFX-Asia - 50 words
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105 1998-09-10 14 Reuters [MANILA] Food and beverage group San Miguel Corp said yesterday it has not decided to sell its liquor subsidiary La Tondena Distillers Inc. "Please be informed that the board of directors of the company has not authorised nor discussed the sale ofReuters - 105 words
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INTERNATIONAL COMPANIES
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248 1998-09-10 15 Bloomberg [SEATTLE] Boeing Co must face claims that its 1997 financial disclosures contained false and misleading information after a federal judge found grounds for a shareholder lawsuit against the world's biggest airplane maker. US District Judge Thomas Zilly said the shareholders presentedBloomberg - 248 words
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Article, Illustration620 1998-09-10 15 The amount is the highest ever offered for a sports team Bloomberg [LONDON] British Sky Broadcasting Group pic (BSkyß), the UK satellite broadcaster that is 40 per cent owned by Rupert Murdoch's News Corp, has agreed to pay £623.4 million (Ssl.B billion)Bloomberg; AFP/REUTERS - 620 words
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377 1998-09-10 15 Bottled water less profitable but fastest growing segment Bloomberg [ATLANTA] Coca-Cola Co is weighing a plan to sell bottled water as part of the world's largest beverage company's plan to boost domestic sales and tap into a fast-growing market. The water wouldBloomberg - 377 words
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197 1998-09-10 15 Bloomberg (SANTA CLARA, California] Integrated Device Technology Inc (IDT), which makes microprocessors that compete with those from Intel Corp, said it will take fiscal second quarter charges of between US$2O5 million (***** million) and US$24O million to reduce capacity and writeBloomberg - 197 words
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FINANCE & COMMODITIES
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461 1998-09-10 16 July and August loss expected to cnt net income to about USslo2m NYT [NEW YORK] Merrill Lynch Co, making an unprecedented disclosure on Tuesday that it lost US$l35 million (*****.7 million) in July and August from its business with Russia and other emerging markets,NYT - 461 words
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267 1998-09-10 16 AFP [SEOUL] Creditors of South Korea's failed Kia Motors Corp will write off some of its debts, a bank official said yesterday, as reports estimated that about a quarter of the liabilities would be wiped away to attract buyers. "We cannot revealAFP - 267 words
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206 1998-09-10 16 Reuters [LONDON] Banks around the world are pouring money into Internet services, but many have no idea who they are targeting or how to make money out of it, according to a report published yesterday. Management consultants Ernst Young predicted that byReuters - 206 words
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Article, Illustration44 1998-09-10 16 [PARIS] French farmers on Tuesday watching sheaves of straw set on fire in front of the European Commission office in Paris. The farmers were protesting against the lower prices of cereals, saying they were the hostages of the European Commission. REUTERSREUTERS - 44 words
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364 1998-09-10 16 Process on track despite recent plunge in shares of financial firms Bloomberg [NEW YORK] Goldman, Sachs Co told employees it plans to go ahead with its initial public offering, even though shares of financial companies plunged in recent weeks. It also saidBloomberg - 364 words
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344 1998-09-10 16 Bloomberg Reuters [TOKYO] After a 15 per cent plunge in the share price, Fuji Bank Ltd yesterday denied market rumours that it had derivatives losses of up to 3 trillion yen (5539.3 billion). The bank said the most it could possiblyBloomberg; Reuters - 344 words
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215 1998-09-10 16 STMTfIf Report Reuters [SINGAPORE] Simex Eurodollar futures posted fresh gains yesterday after rising for two straight days on hopes of easier US interest rates. The market sensed that Federal Reserve chairman Alan Greenspan had left the door open for a rate cut,Reuters - 215 words
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Article155 1998-09-10 16 Cecilia Loh - MSa TAIWAN FUTURES Cecilia Loh service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract was unable to sustain its rally and dipped 4.70 points yesterday. The stock index closed down 47.69 points to 6,894.57 after erasing early gains. The benchmark Weighted Price Index155 words
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285 1998-09-10 16 ENERGY REPORT Reuters [LONDON] Weak world oil prices moved sideways yesterday, reminding producers how far they still must go to regain the upper hand in a market weighed down by excess stocks. London futures for benchmark Brent blend crude was just three cents firmerReuters - 285 words
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Article280 1998-09-10 16 AFX-Asia AFP London THE US dollar retreated from its highs against the major currencies in afternoon trade yesterday, amid growing speculation of a co-ordinated interest rate cut by Europe and the US, dealers said. They said the dollar, after an initial spike against the yen, soon stopped pushingAFX-Asia; AFP - 280 words
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Article, Illustration1262 1998-09-10 16 IMTBRBAItE CROSS RATES Se£i A$ C$ tt ECU Ffr Oct HK$ In4 to fptah Yen Won *M *2$ Pafc to Hto 5$ tod SfrMT$Mrt Hmd USS Australia 0.891 6.178 0.516 3.404 1.015 4.537 24.908 68.7% 0.781 7.960 2225 1.154 ***** 25.578 LOU 1671 0.832 20.282 23.885 0253 0.586 Canada 11221,262 words
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Article1805 1998-09-10 17 SICOM FUTURES RUBBER (Murts closing «s it 5.30pm) ISS1 CONTRACTS ctntsAg) Cto$« Volume Open Month High Low Sett (tonnes) Interest Oct 98 116.00 115.75 117.00 100 825 No* 98 117.50 M50 Dec 98 118.25 118.25 118.25 600 1470 Jan/Mar 99 120.75 »|0 Apr/Jun 99 125.00 »50 Jul/Sep 991,805 words
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Article2262 1998-09-10 17 LONDON '.iiiNiySirijNS So* Pmtl 31 Croup 508. OOO -2.000 A8 Ports 275.000 -7.000 Abbey National 1138.000 5.000 Allied Dom»cq 499.000 -5.000 Am* 157.000 3.000 A id* Group 181.000 -3.000 BAT Ind 480.400 12.400 BGPk 354.000 -2.400 BICC 83.000 2.000 BOC Croup 786.000 -15.000 BR Petroleum 804.400 -2.0002,262 words
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Article1667 1998-09-10 17 Bloomberg n Nikkei 225 -157.95 JAPANESE stocks fell for the first time in three days as speculation about derivatives losses at Fuji Bank Ltd raised the spectre of similar losses throughout the ailing banking industry. Fuji Bank, the most active issue, plunged 15 per cent following an AFX newsBloomberg - 1,667 words
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Article, Illustration1506 1998-09-10 18 Reuters QHangSeag -***** STOCKS ended sharply lower yesterday as profit-taking set in after three straight days of hefty gains. Short-covering, which has boosted the market over recent sessions, dried up leaving little genuine buying interest and causing a large drop in turnover, brokers said. The Hang Seng Index closedReuters - 1,506 words
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Article, Illustration595 1998-09-10 18 Reuters DShenzhen Blndex -U4 SHENZHEN'S B shares fell sharply yesterday, pulled lower by losses on the neighbouring Hongkong stock market, analysts said. The hard currency B Share Index shed 1.14 points to close at 61.06, but it recovered from an intraday low of 60.19. Turnover was HK$l2 million. AnalystsReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 595 words
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Article347 1998-09-10 18 AFP □WP Index AIM TAIWAN share prices dropped 0.7 per cent yesterday as investors locked in profits on recent sharp gains, dealers said. The Weighted Price Index dropped 47.69 points to 6,894.57, following a 2.1 per cent rise in the previous session. "Strong profit-taking pressure emerged near the 7,000AFP - 347 words
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Article243 1998-09-10 18 AFP QWelliii|Um -16J2 SHARES fell 0.9 per cent yesterday, losing more than half of Tuesday's gains. The NZSE-40 Index lost 16.52 points to 1,793.15 on turnover of NZ5137.9 million, with Telecom Corp falling 22 cents to NZ57.65. Fletcher Challenge Ltd Energy stood out with a 21cent jump to NZ53.66.AFP - 243 words
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Article, Illustration771 1998-09-10 18 AFP PI SET Index +Ll3 THAI share prices closed up 0.6 per cent but off their highs yesterday as profit-taking wiped out early gains, in line with other bourses in the region, analysts said. They said news that local commercial banks have cut lending and deposit rates on TuesdayAFP - 771 words
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Article396 1998-09-10 18 AFP Flfompoate Index *187 SOUTH Korean shares edged up yesterday with futures-led buying sending the market back to positive territory near the close, dealers said. "Ahead of the September contract's expiry tomorrow, retail investors were on preemptive selling on uncertainty whether foreigners will stay in the local market afterAFP - 396 words
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Article584 1998-09-10 18 AFP PAllordiniri« -12.7 AUSTRALIAN share prices fell 0.5 per cent yesterday on waning investor interest despite a big surge on Wall Street overnight, brokers said. The All Ordinaries Index lost 12.7 points to 2,542.5. National turnover totalled 278.66 million shares worth A 5861.62 million. The All Industrials Index slippedAFP - 584 words
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Article, Illustration733 1998-09-10 18 AFP Composite Index -4.65 INDONESIAN shares closed 1.4 per cent lower yesterday as investors fretted over student protests and uncertainty over the direction of US interest rates, dealers said. "In general the market was still nervous and some investors prefer to hold back while waiting for further developments onAFP - 733 words
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Article280 1998-09-10 18 AFP □Manila -3165 PHILIPPINE share prices closed 2.9 per cent down yesterday to their lowest level in six years and four months, in line with weakness in other regional markets. The Philippine Stock Exchange Index lost 34.65 points to 1,157.43. Turnover was 212 million shares worth 947.9 million pesos.—AFPAFP - 280 words
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KUALA LUMPUR STOCK MARKET
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Article8424 1998-09-10 19 INDUSTRIALS Coniwir prefects 1998 Uit V»l Day C *J Lew Cin—y im -000 H» m w 310 170 Ajinomoto 229 9 1 229 229 12-6 V*« 35 Angkasa 68 7 138 68 60 16 290 123 Apollo Food Hlg 170 388 108 Berjeye Land 199 4 182 199 145 3748,424 words
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Article, Illustration381 1998-09-10 19 Composite Index +40.09 MALAYSIA'S key stock index surged 11.5 per cent yesterday, led by intensive buying by local institutions and retail investors which helped the market recover half the previous day's loss. The Composite Index surged 40.09 points to end at 389.65 points, after having381 words
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WARRANTS&OPTIONS
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Article3295 1998-09-10 20 BONOS, LOANS ft WARRANTS w '998 Last Vol Oay LW« Qu ffi ltf p*^J H*h Low Stno Company Soto COOO> HW> Low *>W S ,r 23-5 3.5 m 3000 m AMDS cS.5%*****6 5.5 *0.5 120 6 3.5 5.5 6 20 -5 3 3160 »Ac«r ******1 US$ 3 '"*576 95 53,295 words
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204 1998-09-10 20 R Sivanithy - WARRANT WATCH -By] R Sivanithy THERE would be some players out there who would say trading in Malaysian shares has gone crazy, perhaps completely out of hand. There's some truth to this after all, for stocks to rise as much as 200 per cent204 words
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Article2447 1998-09-10 20 Transaction date Sep 9 j ■■■■■■■■■MiHHnHHHHBHHHI Gr Cf 1996 LMt V«l Day LastOuota Dtv Oty YM Nat M Cap HUh Law Stna Company Sala rOOO) HN» Law Buy Sa*af Cw P/t 135 23 m s 5000 AIS8 50c 31.5 *5 2605 395 26.5 31.5 32 SO 3.3 3.62,447 words
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5632 1998-09-10 21 (lair N'p 9 j Or Or M Wt lut Vol Day LaatOn** V JJ ?!2 C *J HN> U» StNo Company SM COOO) High In Buy* C W MULTHNOUSTRY 142 49.5 m t WOO Acme 50c 55 »l 63 56 54 54 54.5 27.55,632 words
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Article1056 1998-09-10 21 1(to i** *«L Lot Out* M. W M Cat Avg >tH Company Sate roop) L— Boyf Sa6ar Crr p/t im* Prlca 2 W 48 5 sss" 747 52 533 7 0 2 8 5 0 Mi 53 260 21 !M2 M 2.5 W.2 0.9 10.7 50.0 57 260 851,056 words
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STOCK EXCHANGE OF SINGAPORE
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Article212 1998-09-10 22 Stacks •Renong BM 50c 38,348,000 *MBf Capital 28,517,000 •Pub Bk Foreign 22,765,000 •M Resources 21,726.000 IhpH Corp50c 18,896,000 •Refcapacific Bh 18,383,000 •MBf HMgs 50c 15.836.000 •Berjaya Group 14,353,000 •RHBCapBhd 12.738.000 Mtolptalntl5O^~~~~~~~~~^^^^^'M00 Hidu SinaTei15c 19,695.784 City Oev 50c 13.907,900 DBS Foreign 13.765,100 13,313.000 UOB Foreign 12,197,397 •Morth Borneo 10,267,205 *M Banking212 words
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Article, Illustration777 1998-09-10 22 R Sivanithy - STOCK MARKET COMMENTARY Some shares rise as much as 200% on Clob as Malaysian players have a field day, cashing in on price differences By R Sivanithy [SINGAPORE] An explosion of interest on Clob International that drove the UOB-OTC Index777 words
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ON THE GRAPEVINE
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Article78 1998-09-10 22 UNDER its takeover proposal announced on Tuesday, stockbroker Vickers Ballas is to issue 0.*****599 of a new ordinary share for every existing ST Capital share. Phew! The mathematicians out there may care to calculate how close that got to the inverse of the infinitely recurring pi. Makes78 words
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Article43 1998-09-10 22 AFTER reading ST Capital's aim to be a "pan-Asian diversified financial services firm that is skills- and knowledge-based with Singapore as its anchor", a reader asked: "This is well and good, but does it intend also to make money?"43 words
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Article148 1998-09-10 22 RUSSIA'S Acting Premier Viktor Chernomyrdin said last week that Russia was to set up a currency board to save the rouble. US financier George Soros, who called for a devaluation days before the Russian authorities let go of their currency and triggering the current crisis, was an148 words
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Article92 1998-09-10 22 YOU would have thought banks are pretty trustworthy places. But it seems consumers do not regard banks in that light. A recent survey of the 100 most trusted global brands did not turn up even one bank, bankers were told at a seminar organised by US-based92 words
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Article94 1998-09-10 22 QUEENSLAND, Australia's Sunshine State, is now holding a colourful exhibition at the Tanglin Mall in Singapore featuring Queensland products and tourist attractions. The state is mounting a campaign to diffuse the negative effects— in Singapore and this region—of the recent strong showing of Pauline Hanson's anti-Asian One Nation94 words
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Article, Illustration74 1998-09-10 22 Ven Sreenivasan - -by Ven Sreenivasan CITY Development has bounced back from its 52-week low at $2.49 and looks set to rebound to its $4.00 medium-term support level. The technicals suggest the counter is heavily oversold and this may be a good time for investors with a medium-term perspective to pick74 words
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Page 13 Advertisements
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Advertisement169 1998-09-10 13 Dm INTRODUCING THE MOVADO VIZIO: A POST-MODERN PERSPECTIVE ON TIME. Vizio means "vision"... in the international language of as well as the sculptured box that encases the Movado Vizio, embodies Is, h \\l the 115-year Movado philosophy Vof design in time m I stainless steel or steel/18K gold. I y169 words
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Page 14 Advertisements
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Advertisement27 1998-09-10 14 Ip: Feel ins out of your depth; when it comes to aquarium care? Keep afloat with Aquariums, every Saturday in fSFV o The Straits Times Classified. cats.27 words
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Page 15 Advertisements
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Advertisement134 1998-09-10 15 This advertisement appears as a matter of record only September 1998 w KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 15 June 1995) INVITATION IN RESPECT OF 25,500,000 NEW ORDINARY SHARES OF Sso.lo EACH ("NEW SHARES") COMPRISING:(I) 2,550,000 OFFER SHARES AT 550.28 FOR EACH OFFER SHARE BY WAY134 words
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Advertisement738 1998-09-10 15 w KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 15 June 1995) INVITATION IN RESPECT OF 25,500,000 NEW ORDINARY SHARES OF Sso.lo EACH ("NEW SHARES") COMPRISING:(I) 2,550,000 NEW SHARES AT 550.28 FOR EACH NEW SHARE BY WAY OF PUBLIC OFFER ("OFFER SHARES AND (II) 22,950,000 NEW SHARES AT738 words
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Page 16 Advertisements
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Advertisement12 1998-09-10 16 Memorial Seroice&l(£irocliict& The Straits Times Classified Classifications 52-193 I CATS. I o12 words
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Page 18 Advertisements
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Advertisement33 1998-09-10 18 f I'd like to place aiA jfcfAbuyerY /^l^thisc^X WBL advertisement to J W I the very I that I found my jf J I prettycar! The Straits Times Classified is child's Play. j33 words
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Page 19 Advertisements
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Advertisement8 1998-09-10 19 [business Turn to Page 22 for more Notices8 words
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Advertisement104 1998-09-10 19 HWA HONG CORPORATION LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, destroyed or mislaid: Name C«rtHteete Not. No. of Share* Ong Holdings (Pte) Ltd *****8/09 2 x 1,000 -do- *****1 1 1.000 Estate of Ong Chay Tong, *****1/54 4x 1,000 Deceased NOTICE IS104 words
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Page 20 Advertisements
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Advertisement63 1998-09-10 20 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH ou it. Call 339-7126 now. the citi never sleeps I! 1.1 111 In s .11: I sh c 111 nII .1 V 2<> S Urrli.l r <1 l< .1 <1 I I 111 "it u63 words
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Page 21 Advertisements
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Advertisement54 1998-09-10 21 I your advertisement in UIK m yP et t^° Ug 1 /X you still have the puppy... J described. J NJ'm going to take real good/ I'll u~ -jok* Mi Sfc, X care of him. d Buying or selling through gfrzd The Straits Times Classified is child's Play. £s Jr.54 words
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Page 22 Advertisements
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Advertisement435 1998-09-10 22 BUSINESS \'<)t i<U'S To adu i tise call toll-free IXOO-741 IX,S3 THE COMPANIES ACT, CAP. 50 MPH ALLIANCE PUBLISHING PTE LTD (In Liquidation) At a general meeting of MPH ALLIANCE PUBLISHING PTE LTD duly convened and held on the Bth day of September, 1998 the following special resolution was passed:435 words
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Advertisement350 1998-09-10 22 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of SEELUCKPORE AMUSEMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of SEELUCKPORE AMUSEMENT PTE LTD. duly convened and held at 108 Middle Road. *05-01 Bright Chambers, Singapore *****7 on Monday,350 words
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Advertisement331 1998-09-10 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of MILLIOCEAN PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of MILUOCEAN PTE LTD. duly convened and held at 108 Middle Road. *05-01 Bright Chambers. Singapore *****7 on Friday, 4 September331 words
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Advertisement297 1998-09-10 22 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF BEVERLY (S) PTE LTD (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Saction 308 of tha Companies Act, Cap. 50 that a final maeting of tha members of tha abovenamed company will be held at297 words
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Shipping Times
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Article314 1998-09-10 23 Bridge News Reuters TRADING was sluggish after the long holiday weekend with new business slow to emerge. A US Gulf to Taiwan Panamax grain cargo is said to be on subjects, but details were sketchy. TANKERSe ♦Persian Gulf rates continued to establish lower levels with Vela booking inBridge News; Reuters - 314 words
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Article259 1998-09-10 23 CWTOMtrtkutlan „027 uncti 19 ChuanHup 0.315 *0.005 120 Coscakwastmant .0.40 0.02 2 Fr«MWUnks O.U -0.003 126 CI Hot*** 0J2 HaiSwiHup 0.26 -0.003 470 HItacM Zosan 0.53 *0.03 138 IMC Holdktgs —HK 5.60 Jays HaMngs 0.383 *0.005 60 Jurara Shipyard—*70 -0.10 42 Kappal Corp 153 *0.03 2302 KappplFELS 170259 words
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Article, Illustration436 1998-09-10 23 Marcus Hand - Danish line ends vessel sharing agreement with Bine Star, Cho Yang By\ Marcus Hand [SINGAPORE] Danish shipping giant Maersk Line is upgrading its Australia-East Asia service to weekly as the line ends its vessel sharing agreement on the trade with Blue Star LineFILE PHOTO - 436 words
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699 1998-09-10 23 David Hughes - NEWBUILDS By) David Hughes JUST a few weeks ago the message coming from China was that owners there would turn more to domestic yards for their newbuilding requirements. For some time the general pattern has been of Chinese owners ordering abroad,699 words
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Article, Illustration445 1998-09-10 23 P T Bangsberg - It's beefing np strength in N America and Asia From. P T Bangsberg in Manila HONGKONG'S premier container line is reshuffling top management in three key regions to focus more sharply on certain types of business deemed essential to meeting customers' changing demand. Orient Overseas Container445 words
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145 1998-09-10 23 Lloyd's List [BEIJING] River authorities have lifted a ban on commercial shipping on large sections of the Yangtze River, clearing the way for normal operators to begin. A spokesman for Changjiang Shipping Co said that about half the company's normal operations had beenLloyd's List - 145 words
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Article, Illustration777 1998-09-10 24 P T Bangsberg - CHINA SHIPBUILDING Strong demand for marine containers are a lifeline for yards fighting stiff competition from Japan and S Korea By P T Bangsberg MARINE containers. in desperately short supply throughout Asia, are proving a solid anchor for China's shipbuilding sector, under pressure from rivalsFILE PHOTO - 777 words
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Article234 1998-09-10 24 PAGE Delmas 4 ACl 9 Oj»k Lloyd 9 AM. 3 Dongnama 3 Accord 8 ECL 5 Appensiup 5 6 tt Astro 3 FoongSun 8 Austral 9 6 Link 4 BSA 7 Gemartrans 8 Bays»ater 6 Genshpg 9 B'tangMas 8 HaiSunHup 8 CCHI 7 Hangli 9 CMA 9234 words
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Article23360 1998-09-10 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT t-w**,. ETA ETA Advertiser Vessel Voy age Telephone ETA ETA Advertiser Vessel Voyage M D .«t'n Name Name Number Number SIN Dost'n Name Name Numher Number SIN Dest n Na«e S/09 10/10 Evergreen E. GALLANT 0-051* 6S-192tm A 15/09 10/10 Triestino EVER GALLANT 0230-058W 65-*****3523,360 words
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SHIPS IN PORT
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Article621 1998-09-10 37 Vessel Voy No Berth Arrival Departure *mad*s«t» nut JmW *'w fo«p|d» notlmo rss KSS M 0WC*l2 0W998 09.09/2359 «0*w« JO *r+£ 10.09/0600 W M«t*a *****6 JOt J2S W 09/W00 8t Nurdufu2 *****8 JW 09 09/2000 4 22* SI 09.09/1600 C ProqrBS 09/09 J09 09.09/1830 Clunwt MM 421 -JJT621 words
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Article1860 1998-09-10 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship voy No Etb/Btr P»rk>d From To From OOM IVBOO u 09/1500 09/1659 99/1900 At. «*gno. 4 09/1500 09/1659 09/1900 2A 09/1700 10/0659 10/0900 21 09/1700 10/0659 10/0900 3 10/0700 n/1159 n/MOO 4 10/1200 10/1459 n/1700 1032 11/12001,860 words
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Article201 1998-09-10 37 Sep 15 Japan: Respect of the Aged Day. Sep 16 Mexico: Independence Day. Sep 23 Japan: Autumnal Equinox Day. Sep 24 South Africa: Heritage Day. Sep 28 Hong Kong: Chung Yeung Festival. Taiwan: Teacher's Day. Oct 1 China: National Day. Hong Kong: National Day. Oct 2 China: National201 words
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Article861 1998-09-10 37 THIS report, compiled by Cuckett Marine OU Ltd. shows price ranges in US dollars instead of tingle price* for a more comprehensive description of Ihe market Prices shown are baaed on average sized stem Market movements are indicated The Cockett Bun ker Price Indei change and861 words
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Article386 1998-09-10 37 180 Mil 992.0 2.8 19.9 0.* 342 0.07 Bctidu* iik iiumirnum Sediment £25 2 4 M Sf 3 Density Water BesMue As» Atomintum iWHi 9M1 0 .3 15.4 0.07 31 0.03 380 Mai 992.0 0.9 19.2 O H 47 078 K/M*J «M/M -»"»< *0 ibOW 635386 words
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AIR&LAND TRANSPORT NEWS
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Article, Illustration529 1998-09-10 38 FARNBOROUGH AIR SHOW Replacements easily found for postponed or cancelled orders from Asian carriers FT [LONDON] Europe's Airbus Industrie, Boeing of the US, Rolls-Royce of the UK, General Electric of the US and Embraer of Brazil yesterday shrugged off the economic crisis in AsiaFT; REUTERS - 529 words
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422 1998-09-10 38 Swiss World Airways to make maiden flight today Reuters [GENEVA] New airline Swiss World Airways (SWA) was on Tuesday given the government go-ahead for takeoff and said it would make its inaugural flight between Geneva and Newark Airport near New York today. The finalReuters - 422 words
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182 1998-09-10 38 AFP [TOKYO] Japan's major airlines, Japan Airlines Co Ltd and All Nippon Airways Co Ltd (ANA), announced yesterday they would ban smoking on all their flights next year. ANA will introduce the ban on March 28 and Japan Airlines onAFP - 182 words
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318 1998-09-10 38 Marcus Hand - By Marcus Hand [SINGAPORE] European express delivery company TNT is committed to continuing to invest in the Asia-Pacific region despite its deepening economic woes. "Despite what has been said, Asia is still a continent of opportunity," Ken McCall, TNT's regional vice-presi-dent for318 words
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Article, Illustration549 1998-09-10 38 Heat stress found on wreckage that could be from the cockpit AFP [HALIFAX, Canada] Signs of heat damage found on debris of doomed Swissair Flight 111 may suggest a fire contributed to the tragic crash that killed 229 people, officials said on Tuesday.AFP; REUTERS - 549 words
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Article1800 1998-09-10 38 on FIKHT ETA FliCMT ETD SO 2001 0835 S0326 1345 AtoiaMa BA7381 1930 8A7382 2055 IN™ KM 0f05 2235 0F81 1930 Of82 2055 W«78 1610 W6373 2350 SQ229 2220 S***** 1610 S026 2350 KL843 0450 KL838 2300 0F06 1845 ***** 1455 NZ45 2359 $023 0710 S0241,800 words
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Page 23 Advertisements
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Advertisement18 1998-09-10 23 Boxes prove boon for yards Container demand helps those facing stiff competition from Japan, S Korea Page 218 words
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Advertisement288 1998-09-10 23 The Department of Maritime Technology Transportation Singapore Polytechnic Singapof* an(j M P A Maritime and Port Authority of Singapore Present International Conference Exhibition on Maritime Safety Resource Management 2000 17 18 September 1998 9.00 am 5.00pm Block TIA Concourse Singapore Polytechnic ABS SAFENET TM -A PC Based Information Dr. Devashish288 words
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Advertisement16 1998-09-10 23 Aircraft makers' orders soaring Replacements easily found for postponed or cancelled orders from Asia Back Page16 words
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Page 24 Advertisements
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Advertisement754 1998-09-10 24 I NOHTH AhHtMCA I SUPER SHUTTLE EXPRESS 11 IQULF KARACHI EXPRESS (OK3Q VESSE VOYAGE LGO I SIN VESSEL VOY JEA DMN OAN INO j KAR COL PIG SM J***®!?* I*'* no NEDUOYD DAMMAM 30E 24/00 2S/M 20/00 30/00 04/09 00/09 12/0* 13/09 OOCLUfTAJN ISWS3S 02/09 20/09 00CL AMERICA 2SWS36 09/09754 words
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Advertisement672 1998-09-10 24 Lines 4 services represented Members of the (sfujß-l by Members of the Registry of («i¥¥» Singapore Freight Forwarders Accredited Shipptng Agents. Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MAI£ Princess Lily V 9498 16/99 17/99 24/99 Princess Lily V 9598 17/19 Wll672 words
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Advertisement1046 1998-09-10 25 SAX SERVICE (DIRECT) [vssa vor atro m J* amumuobi oijt__ozg_ 'V l 27/10 "a/io~ a/io AftSAMOWTX OOti 30/09 IS/10 JW™ wtts y/\ 0 a/16 M/ 10 &te "177T0~ a/10 g/10-Jj/!°_lg/!g—^l®— L— MCC CARGO TO CANADA OWLY Ivesa vor I sura I q»«nNGva I m m— J I== w AUIGAIOtHOK 14011,046 words
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Advertisement1923 1998-09-10 25 0 HANJIN SHIPPING HAMJW swrwe 1$) rn LTD woo* numw sal£s num in ooomoi rwnn 774 tmnotrs j?w?4i 757 mlm u* *****55 w ******0 cm iiswjooom ITO NW USA A CANADA I y$A fAMABA* u« 5 imhau/voy I I 1. I ■I m\ m\ m Mi\m\m m I tul I1,923 words
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Advertisement322 1998-09-10 25 PUHY CON TA I M l«l lIP 81 PICIAT P »■»V I C 1 vtssa w_ ro vot si hk6 m usn re |rasa vot j sin j its jvtssa Iswl jr KMTC KRUN6 MS 04/D9 01/09 WW 09/89 13/09 IS/D 9 17/99 11/09 I S?!s I I 7Q/W HYUNDAISHBNTtI322 words
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Advertisement1206 1998-09-10 26 dsr-senator urns Tn mf irnNTiNFrjT 1,0 bed sea^editebhaneancanada TO UK/CONTINENT |..-|[SS U g It l« UifSl i»L_ _SBL m tSohcwatoS m.m it» »n TRADE HARVEST WQMt 11M «"JJ CHOYANG PWJEMX W*B4l PUSAN SENATOR MM IS H «.tt Mlt M M J iqidon SENATOR WMM2 MMN il 111* "1» «II 171,206 words
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Advertisement1022 1998-09-10 26 M'SIA I I■*iv•* "WIII UIVc5 f IRC p. gudamg- am Mnx OXyXzJ 1«*7W000« SIBU: (064)*****9 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA* (31) *****0 _____J^KEI>waOTMMg7__JKTiOTI>OgWI»M:(»I)»MCI KUCHWB (OK) UwM XINGANG PORT KELANG MV "KOTA HADIAH" V.HIAIBG My BUNQA SAnj v 7 ETASJN; 12/09/98 HAIPHONG CANADA MV ''VAN XUAN" V.E5208 MV "HANJIN1,022 words
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Advertisement378 1998-09-10 26 KT»sshton~une ■7 miMiMMniiuuni MUARA j LABUAN n vessb voy no eta vrssa wi etc ra STORE MUARA SfOtt KM imGum nx/H 10/09 12/09 AW cum vm/w 10/09 is/oo i/ROSPB VM/W 14/09 17/09 imam via/n 14/09 Amaorr m/w 11/09 21/09 awloory V 241/90 10/w a/oo iptosra v?«/w a/09 20/09 i prosper378 words
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Advertisement1237 1998-09-10 27 rrr; pob PUB BHJ ba BIK VESSEL VQY SIN —PGU__PKO -p® f 19/00 IRAN VAHDAT PJL 1200 06/09 08/w 2 7/09 28/00 28/00 20/00 IRAN MATIN PJL 1308 18/09 POft. Mlna Oaboos DUfl Dubai. SHJ Sharjah. BA Bandar Abbaa. BK >M KAZAKHSTAN ACCEPTING CONTAINER/BHEAK-BULK SHIPMENTS TO OABOOS (PQB). TRIPOLI 61,237 words
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Advertisement2362 1998-09-10 27 IHiWaVSWVSVSW DIRECT TO ISRAEL 1 MMWiA liliM DAYS I E every Thursday I n I fgSmlSSmcm im ts anoww Ttu 4wm» Kwotrotnn. H ci n7!7!MOOO« S£g!!sJi*.- ""V" UOSMI/AJ INWARD DIPT ID/0) 4M571S COSTAR AGENCIES (M) SON BHD HL 02-07-35 Mm FAX: 02-07-35*8170 wmm* [£1 S- !T« W m h «*«LW2,362 words
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Advertisement1300 1998-09-10 28 I I TH P ROM ANW HBO PKL I SSP SGP ROM ANW HBG THP ZK LHV 2JZt 23AM 25/01 IMB I. DIVINE RW-891 14/09 82/16 67/16 64/16 66/16 67/16 "Tif 27/ M 29/06 28*8 31AM 01/09 24*9 25/09 11. DIADEM RW-002 20A» 69/16 13/10 10TI0 12/16 1M 14£6 ERIGHTRtiTO1,300 words
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Advertisement474 1998-09-10 28 ECU ECU LINE Singapore Pt# Ltd 15, McCallum Street #10-03 Natwest Centre, Singapore *****5 Tel: 07-*****18 Fax: 07-*****62 raixsTowi FELIXSTOWE GOTHENBURG HAMBURG GENOA BREMEN BARCELONA >MW)A ROTTERDAM MARSEILLE .J3" ANTWERP UMASSOL LE HAVRE USBON For bookings, call Tel: 230 3373 Fax: 220 1366 v «wl *»ri iftr* Om%m ffan P.HctMi474 words
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Advertisement464 1998-09-10 28 NANTAI LINE FUUY CONTAINERISED SERVICE TO I MAURITIUS SOUTH AFRICA VESSEL I VOT I I fUi I PU» I (FT I 1/MT mm row wv, is/w ?i/w 02/10 MAWUIVaUS VOWS 73/W 02/10 Qt/10 10/10 13/10 GOCDQIOtAGON V.QQ7S W/W o>/10 12/10 14/10 HARSACASTEU Y.002S ot/10 15/10 lf/10 23/10 24/10 mum minces464 words
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Advertisement397 1998-09-10 29 mm. MYANMA iBHBk FIVE STAR LINE W (MyaMor NaHmnl Um) w Loading for Yoigii (Roogooo) wssa vot sm «u rw pgu smwi am sto PATHBN I SOW $10 MALAYSIA AGENTS: BOIISTIADSMPPMGAGENCKS MIL TU (03) *****00 MO: TE (03)37*4101 rot ra (04) 2****** PGII: TH <07)*****21/4 BANK LINE (Aw»kt.<iU*twWt>rSMpptoi) NORTHBOUND TO397 words
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Advertisement1166 1998-09-10 29 [hmm HYUNDAI MERCHANT MARINE CO., LTD. M.I I ?jjapug piffl SL. aaa iaa¥ai gTS SoioSl OC3W 11/09 01/10 03/10 21/09 30/09 HTEMPSKK 3131 19/01 25/01 20/00 22/W 2/09 HTIMMNDS 313W 14/09 30/09 01/10 03/10 04/10 UIOK 5221 21/00 29/ M 23/00 25/00 S«J WAUUNMC 304W 17/09 05/10 10/10 07/10 00/101,166 words
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Advertisement1056 1998-09-10 29 ...1 norwegon ipeaatzed oulocamen Qo)§(o](3 Wilhelmsen Unes TO NORTH AND LATIN AMERICA "RORO HEAVY LIFT SERVICE" VESSEL VOT HEIGHT SIN LAX (It MIA SAV ML ORF NYC NEW MOt TALAIOT FBlB 400 Tom 6.3 M 15/09 10/10 19/10 22/10 24/10 20/10 27/10 28/10 02/11 OS/11 TAMPERE FBI 9 400 T«H1,056 words
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Advertisement774 1998-09-10 30 BAMOKOK/MAP TA PHUT/LAMM CHABAHO] JAKAITA AM J A WO VESSEL VOY SIN BKK MTP LCH VESSEL laNIBHUM 114N W9~"~" 12/og_ QURU BHUM g§? JOll 2 MATHU BHUM MOW 12/09 16/08 DEJA BHUM RATHA BHUM 3QN 12/09 16/09 15/09 TRANSCORD' 25? 1359 *CX RUBY 3BW 13/09 18/09 17/gg_ *CX JADE j774 words
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Advertisement537 1998-09-10 30 1 cosco QQSCQ FULL CONTAINER SERVICE (FCL/FCU EXPORT TO; CHINA/MONO KONQ EUROPe/COWT»4ENTAL EAST t WEST MEDITERRANEAN AUSTRALIA AMERICA AFWCA US WEST/EAST COAST PERSIAN GULF/KARA ON Pleas* refer above mentioned services to China Ocean Shipotna Co. Advertisement in Page 5. CWNA/S.EA FULL CONTAINER SERVICE VKSa/VOYAtt rai na HRG QM MO XU537 words
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Advertisement627 1998-09-10 30 1 ACCORD I Mm SHIPPING PTE LTD Til: *****13 (40 Lines) PAX *****30 fOtTKUm u? (Ml Mm M DINfCT ACCESS TIL *****55 (EXPORT BOOKING) nut GUDAMG •nn lit tsn *****34 (EXPORT DOC), *****39 (IMPORT) HHAMG URIjMTTP://WWW.ACCORO.COM.SG MJCMM I (71,M0W POCT ITA SIN POKT ITA SIM POUT ITA SIN ROW T627 words
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Advertisement398 1998-09-10 31 INDONESIA NATIONAL LINE TO EUROPE 1 EXPRESS SOW-COWTAIMEfttSED SERVICE ¥U I VOY rwwlt A OAM/n'OAM H lUflfl I IAfWN AWTWfHI «Kt«L 1V1» Z#/10 25.10 OMIT 05/11 TO AUSTRALIA "1 RILLCOWTCMNERSERVyg m Iwrr W"'U*l h« mm [no m. tm m. m bwumi ia wimi aw» »w M/ie ewe PMNBXLOYOMSIMC VtT~ 17/HIMt398 words
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Advertisement925 1998-09-10 31 I. ADVANCE CONTAINER LINES (PTE) LTD A 140 Cecil Street, #12-00, PIL Building. Singapore *****0 MLI Li TEL: *****21. FAX *****19, TELEX RS ***** ACLPL CR NO. **********06 OPERATIONS: *****60 *****05 I I BANGKOK JAKARTA (Weel.lT Slgs PAT/2 Sift LCM/ 1 Sl| MIT) »«Hf«/W-» visstl I VOY r »KK VOY925 words
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Advertisement807 1998-09-10 31 VESSELS VOY 1 I i "VCLEDEVBA Tmi HAM I TOP RTM I TEE VK-LE DE GEMMA "Siw 55® 06/10 06/10 08/10 L VME BE D-OfilOfJ "5555 01/10 oyi "™> 12/10 14/10 IVIO 15/10 07/10 12/10 ~WO~ I*lo 21/10 21/10 22/10 L _22^12—. IVl WjO »10 28/10 28/10 28/10 29/10 COPENHAGEN.807 words
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Advertisement55 1998-09-10 33 wmw STEhT| Dial 740-6000 Ofl G€ITI3nO —JmJ (Retrieve more schedules!) st Press "1" .jpv Select the port and key in the four digit code -—eg: To New York (NYC) 2275 Key in your fax number I Enter your phone number Another Innovative service offered by CTE® The document Will be55 words
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Advertisement46 1998-09-10 35 SldTlDial 740-6000 Oil QGTTI3nd (Retrieve more schedules!) Press "1" JCV Select the port and key in STEKj the four digit code eg: To New York (NYC) 2275 st£> Key in your fax number your phone number Another innovative service offered by document Will be Shipping times46 words
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Page 37 Miscellaneous
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Miscellaneous131 1998-09-10 37 LEGEND: R Thunderstorm Temperoture *q >^S y Shower Weother Wind direction with speed in knots Rom Cloudy Sky Wov h "9h» Swfoce mdicoted by arrows which fly with the wind One hd circle represents coim or light ond variable winds J__ One half fleche represents 5 knots 1 O"* H*che131 words
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Advertisement316 1998-09-10 38 FOR SALE BY PUBLIC TENDER The Royal Australian Navy's Survey Ship Ex HNAS Flinders Navy for Tenders for the Purchase of the Survey Ship Ex HMAS FLINDERS plus 19 associated spares. -T The ship has been aQP j operated by the RAN as a coasted hydrographic unit which collects data316 words
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