The Business Times, 15 September 1998

Total Pages: 36
1 36 The Business Times
  • 13 1 The BusinessTimeI MITA (P) 110/12/97 85C SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, SEPTEMBER 15, 1998
    13 words
  • 68 1 sn 877*83 (+24.64) wmvTSMi U374J1 (+9.59) BTOOHP tt3L7B (+23.87) susanmntEs 130J0 (+1.6) n MARKET HOOD: U Mixed STOCK MABKET INDICES Monday Change KLSK COUP ***** +24.71 NIKKEI 14,227J7_+310J> HANG SENG 7J61J6 +8318 SET INDEX ***** 116 JAKARTA COUP 320.60 144 MANILA COMP 1,100.76 +18.58 TAIPEI WPI fiJWO.17 +1834
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  • 78 1 FOBEX BATES ust ss USJ 1.729 £(USS/S$ per 1.671 1896 DM 1.709 1.915 YEN 1316 1-383* RM 1800 1465 HKJ 7.749 0123 BAHT 40JO 0.042 WJP1AH 11,612 0.016* 'St to 100 units PUB BATES SINGAPORE* 7.85 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.75 MANILA 22.90 HONG KDNG 10.25 TAIPEI
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  • 659 1  -  Cutting employers' CPF contributions among steps being considered By Wong Wei Kong [SINGAPORE] The government is studying comprehensive measures to reduce business costs decisively, including the possibility of cutting employers* CPF contributions, Deputy 'Prime Minister Lee Hsien Loong said yesterday.
    JEROME MING/THE STRAITS TIMES  -  659 words
  • 274 1  -  By\ R Sivanithy [SINGAPORE] Local penny stocks yesterday exploded into life as investors shifted their attention away from Clob International and pushed the UOB Sesdaq Index up a staggering 12.3 per cent. Blue chips also managed a recovery amidst a relatively calm day
    Source: Bloomberg  -  274 words
  • 110 1 AFP Reuters [NEW YORK] Blue-chip stocks surged in early afternoon trading here yesterday on the back of strong performances overseas as traders went bargain-hunting. The Dow Jones index of 30 blue chips rose 218.08 points to 8,013.58 at lpm EDT on volume of about 440
    AFP; Reuters  -  110 words
  • 281 1 Bloomberg AFP [KUALA LUMPUR] Malaysia's central bank narrowed the lending margin for local banks and warned foreign banks against withdrawing credit lines in a bid to make funds more easily available to businesses. Bank Negara Malaysia cut the maximum rate banks can charge their best
    Bloomberg; AFP  -  281 words
  • 1028 1  -  Shares can't be transferred or sold till further notice By Ven Sreenivasan [SINGAPORE] In another twist to an already convoluted tale, the Kuala Lumpur Stock Exchange has frozen until further notice all Malaysian shares bought on the Singapore over-the-counter market, Clob International.
    1,028 words
  • Page 1 Advertisements
    • 145 1 Drama Exercising restraint Singapore will recover with the least damage from the Asian crisis if the Government restrains from shoring up the stock and property markets and the local dollar, says SM Lee Kuan Yew in a HK television interview, P*2 Eye m the Emmny Bank loans growth has fallen
      145 words
    • 9 1 Market reports, Pgs 17-22 Change In Malaysia, Pg 3
      9 words
    • 58 1 Export recovery seen from early next year, Pg 2 p9 I I 1 I 9 ■■IV K r Thenete collection of Hermes ties i flaunts m V 40 patterns,§ each in oM many coloutm The new adventures 1 ]C™ OF THE ORANGE BOX. _£'Mf V il| Available at: Hermes. Liat
      58 words
    • 7 1 Unintended beneficiari are //ie syndicates, Pg 13
      7 words

  • SINGAPORE AT HOME & ABROAD
    • 571 2  -  S'pore economy will recover with least damage without intervention; he also supports HK$ peg tYom Loh Hui Yin in Hongkong SINGAPORE will recover with the least damage from the Asian economic crisis if its government refrained from shoring up
      571 words
    • 486 2  -  ffy. Ronnie Lim SINGAPORE Power (SP) will sign a memorandum of understanding (MOU) here todaywith several Indonesian parties, including Gulf Indonesia Resources (GIR) and national oil company Pertamina, covering piped supply of natural gas from southern Sumatra to SP's power stations. This
      486 words
    • 250 2 AFP AFP, Berna ma [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday accused Singapore of exploiting the weaknesses of neighbouring countries, Bernama news agency reported. "Singapore has actually prospered by taking advantage of the weaknesses of its neighbours," he was quoted as saying, adding
      AFP; AFP, Berna ma  -  250 words
    • 657 2  -  Ky Vikram Khanna SINGAPORE'S exports could start to recover by the first quarter of next year, according to P K Basu, regional economist at Credit Suisse First Boston (CSFB). Speaking at an investment conference organised by US investment bank J P Morgan, he
      657 words
    • 339 2  -  E7E ON THE ECONOMY Finance By Clarissa Tan BANK loans growth fell for the ninth consecutive month in July, down sharply to a mere 1.6 per cent. Lending to the key property sector in particular slowed for the fifth straight month to 7.3 per
      Source: MAS  -  339 words
    • 571 2  -  Chief denies talk of plant closures, merger with IBM i*y> Jennifer Lien WESTERN Digital (WD) is not planning more "major layoffs" at its Singapore or Malaysia plants, chief executive Chuck Haggerty said yesterday. He also dismissed rampant rumours that the
      571 words
    • 364 2  -  By' Toh Han Shih CISCO Systems, the company that has wired up large parts of the Internet globally, plans to set up schools in Asia to train young people in Net technologies. Called Network Academies, the first three schools will be opened
      364 words
  • Page 2 Advertisements
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    • 9 2 Oil industry urged to look beyond recession, Pg 16
      9 words

  • CHANGE IN MALAYSIA
    • 646 3  -  Moody's also downgrades major M'sian banks From Ruth Wong in Kuala Lunifmr US-BASED rating agency Moody's International Service yesterday cut Malaysia's long-term foreign currency ceiling for bonds and notes to Baa 3, or one notch above speculative grade, from Baa 2 following
      646 words
    • 450 3 Exchange controls impose unacceptable restrictions on investors, it says AFP [KUALA LUMPUR] Foreign investors would be better off putting their money in Pakistan rather than Malaysia following the introduction of sweeping exchange controls, according to a French securities company. In a recent advisory to
      AFP  -  450 words
    • 277 3 AFP [KUALA LUMPUR] The Malaysian central bank has warned money changers that their licences will be revoked if they fail to comply with the new guidelines following the imposition of sweeping exchange controls this month. Amid expectations that the new controls
      AFP; FILE PHOTO  -  277 words
    • 154 3 Bernama [KOTA BARU] Malaysia still guarantees justice and freedom for all parties, including ousted deputy prime minister Anwar Ibrahim, to air their views, said former deputy prime minister Ghafar Baba. Allegations that justice no longer prevailed in the country, especially charges that the local
      Bernama  -  154 words
  • Page 3 Advertisements
    • 169 3 Plan for the future with PRUDENTIAL TOWER a new office at Prudential AT RAFFLES PLACE Tower. Built on one of l, the last prime sites n Singapore's financial district, Prudential Tower is an intelligent building with cost-saving B|MpWl|iM '^iP®^PBKP*S^ 1 In features such as raised flooring, energy-efficient *i power supply
      169 words

  • FOCUS: PROPERTY
    • 717 4  -  THE PROPERTY COLUMN With low prices and high interest rates, many GLCs which have jumped into property may be better oft concentrating on their core businesses By Lee Han Shih 1 l v v AFTER losing nearly one fifth of its shareholders' funds in
      717 words
    • 330 4  -  Diana Oon [SINGAPORE] After three years at Waterbank Properties, its former chief executive officer Chua Soo Tian will be focusing on developing residential properties in the London market, returning to what he was doing before he joined listed bus company Delgro's property arm. Mr Chua has
      330 words
    • 271 4 [SINGAPORE] The Inland Revenue Authority of Singapore's (IRAS) rental indices for both residential and industrial properties continued their slide in the second quarter of 1998. The rental index for all classes of residential properties slipped by 6.8 per cent in Q2 98 to 105.2,
      Source: IRAS  -  271 words
    • 770 4 Property auctions coming up TUESDAY, SEPT 22 (1pm) Grand Plaza Parkroyal Hotel, Ballroom 2 Development: Lot 422 Mukim 15 at Venus Rd: land, 7.536 sq ft/FH" HesKJenaai. 9 Astrid Hill, 2-sty bungalow, 21.116 sq ft/FH* 3 Frankel Ave: single-sty detached, 7,159 sq ft/FH"* 556 Sixth Ave: 2-sty
      770 words
  • Page 4 Advertisements
    • 120 4 I 9 STOREY BUHPING I I for sale I I 13 §IP^* -f ffe *i itSl i*&Bei Wm H^ 3 I l ■SUB W' Mi LOCATION on the edge of the CBD PMCRIPTION a stand alone 9-storey building just retrofitted 5 years ago PBVILOPMIMT POTINTIAt excellent capital appreciation prospects due
      120 words
    • 101 4 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 TENDER S*
      101 words
    • 18 4 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend. CATS.
      18 words

  • ASIA'S ECONOMIC SLUMP
    • 522 5  -  Immediate move to 7.8 may be misunderstood as devaluation, it says f-Yorn< Quak Hiang Whai in Hongkong THE Hongkong Monetary Authority yesterday said it will maintain its convertibility undertaking to buy Hongkong dollars from licensed banks at a exchange rate of 7.75 to
      522 words
    • 409 5  -  It plans to invest HKs3J>b to buy fixed rate mortgages Fronv Quak Hiang Whai in Hongkong THE Hongkong Mortgage Corporation (HKMC) is making money, reporting aftertax net profit of HK$24.B million (555.5 million) for the six months to June 30,1998. Unveiling its first
      409 words
    • 58 5 [SEOUL] South Korean President Kim Dae Jung (right) chatting with International Business Machines (IBM) chairman Louis Gerstnerat the presidential Blue House in Seoul yesterday. Mr Gerstner said yesterday IBM will buy US$l.2 billion (Ss2 billion) worth of South Korean products this year to
      REUTERS  -  58 words
    • 406 5 Despite funding woes, it says money earmarked for Thailand is secure Reuters [BANGKOKI The International Monetary Fund's (IMF) representative in Thailand Reza Moghadam praised Thailand's economic reform package yesterday, saying its progress had been "exemplary" so far. Mr Reza told Reuters
      Reuters  -  406 words
    • 471 5 Reuters [SEOUL] Short-term capital controls may be adopted to avert the kind of regional contagion that caused a serial swoon among Asia's economies last year, the IMF's Asia-Pacific director Hubert Neiss said yesterday. Speaking at a media conference on the Asian financial
      Reuters; REUTERS  -  471 words
    • 277 5 AFX-Asia [JAKARTA] The Indonesian Parliament has agreed to postpone from Sept 29 to Oct 16 the deadline to decide on a revised banking bill demanding more transparency from private banks and allowing greater foreign investment, the finance ministry said. The ministry and parliament agreed
      AFX-Asia  -  277 words
    • 405 5 Lack of govt fands, corporate revamp could derail process Reuters [SEOUL] South Korea's financial restructuring has gathered steam with a string of mega-mergers among big banks that could lead to further tie-ups and accelerate the exit of feeble banks, analysts said. But they warned
      Reuters  -  405 words
    • 316 5 AFP [SEOUL] A senior International Monetary Fund (IMF) official yesterday forecast a 6 per cent contraction in South Korea's gross domestic product (GDP) in 1998 as the economy sinks deeper into recession. IMF director Hubert Neiss told Yonhap Television News
      AFP  -  316 words
  • Page 5 Advertisements
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  • SOUTH-EAST ASIA
    • 724 6  -  Transport workers go on rampage, students hold demos, farms raided From\ Shoeb Kagda in Jakarta SIMMERING social unrest flared yet again yesterday across this vast archipelago as transport workers went on a rampage in Medan, Sumatra, while in east Java starving
      724 words
    • 320 6 JAKARTA AFP A TOTAL of 17 million families across Indonesia are facing dire food shortages and could soon face famine, Food and Horticulture Minister A M Saefuddin was quoted yesterday as saying. Mr Saefuddin told Jakarta Post that in the East and Central Java
      AFP  -  320 words
    • 622 6  -  Questions hang over earnings as asset values decline From, Alan Boyd in Bangkok INTERNAL resistance and bearish stock market sentiment appear likely to stall Thailand's biggest privatisation scheme, and could persuade potential foreign buyers to look elsewhere. The cash-strapped government hopes to
      622 words
    • 155 6 JAKARTA AFP INDONESIA'S national police have arrested three directors of PT Bank Andromeda, controlled by a son of former president Suharto but which was closed down for insolvency last year, police chief Rusmanhadi said yesterday. Mr Rusmanhadi told a hearing with a parliamentary commission
      AFP  -  155 words
    • Article, Illustration
      75 6 [HANOI] A girl hanging up newly printed estamps on a wall of her family house to dry at Dong Ho village in the northern province ofßac Ninh on Sunday. The village, which has specialised in making such prints for hundreds of years, sees its traditional craft dying out
      AFP  -  75 words
    • 421 6 HANOI Reformist premier seen hemmed in by party conservatives Reuters VIETNAMESE Prime Minister Phan Van Khai marks one year in office next week faced with a slowing economy, shrinking foreign investment pledges and mounting concern over the country's
      Reuters  -  421 words
  • Page 6 Advertisements
    • 156 6 Jl w»» «M m» ■>» <w 4 SHIPPING TIMES Hp SPECIAL FEATURE WEDNESDAY, 14 OCTOBER '98 ■< The total marketing solution for Asia's logistics industry The first complete exhibition in Asia for the logistics industry is coming to Singapore. Logistics Asia '98 will bring together freight forwarders, consultants, logistics service
      156 words

  • CHINA-HONGKONG-TAIWAN
    • 406 7 SHANGHAI Move would be made to raise domestic spending and meet 8% growth target AFX-Asia CHINA may be set to reduce interest rates by a large margin, according to a commentary in the China Financial Information weekly, run by the People's Bank of
      AFX-Asia  -  406 words
    • 344 7 BEIJING Major revamp to improve supervision of financial system Reuters CHINA'S central bank, the People's Bank of China, is expected to establish nine regional branches this year as part of a restructuring, banking sources said yesterday. The plan was likely to
      Reuters  -  344 words
    • 253 7 KUANTAN Reuters CHINA will open trade in all sectors proposed by the Asia Pacific Economic Cooperation forum for "fast-track" liberalisation but its support will be partial and conditional, an official said yesterday. "We are ready to participate in all nine
      Reuters  -  253 words
    • 120 7 HONGKONG Bloomberg TENS of billions of dollars are expected to be channelled into Hongkong markets as Beijing eases controls on capital flows from China's domestic investment arms, the Hongkong Standard reported, citing unnamed sources. The move being considered by China's central government
      Bloomberg  -  120 words
    • 275 7 SHANGHAI Positive signs could ease pressure for yuan devaluation Reuters [SHANGHAI] China's economy is showing signs of bottoming out under powerful stimulus measures that could help spur badly needed growth around Asia, analysts said yesterday. They called the emerging turnaround in China "the most important positive
      Reuters  -  275 words
    • 101 7 BEIJING AFP FORMER Chinese president Yang Shangkun (left) died of a long illness in Beijing yesterday at the age of 92, state media reported. Mr Yang was president during the 1989 Tiananmen Square massacre. "Together with other leaders of the party and government, he dealt with
      AFP  -  101 words
  • Page 7 Advertisements

  • ASIA
    • 334 8 SYDNEY Bloomberg THE number of Australian homes and apartments which saw work starting fell in the second quarter, when turmoil in Asian financial markets, which pushed the Australian dollar to almost record lows, might have caused people to delay building. Work started on
      Bloomberg  -  334 words
    • 242 8 TOKYO Ex-PM, now govt's top foreign policy adviser, to discuss ties with Yeltsin AFP JAPAN'S former premier Ryutaro Hashimoto is to visit Russia and France this month as top foreign policy adviser to his successor, Prime Minister Keizo Obuchi, the chief cabinet secretary said
      AFP  -  242 words
    • 239 8 SEOUL AFP THE head of South Korea's giant Hyundai Group, Chung Mong Hun, delayed a planned trip to North Korea amid concerns that the firm's landmark tourism project with the North is in jeopardy, officials said yesterday. A Hyundai official said Mr Chung had
      AFP  -  239 words
    • 480 8 TOKYO But the surge reflects economy's weakness not strength: economist AFP JAPAN'S current account surplus surged 53.1 per cent in July from a year earlier, the finance ministry said yesterday, as the nation's worst post-war recession drove down imports. The
      AFP  -  480 words
    • 89 8 [SYDNEY] Andrew, a homeless man from Bondi Beach, pretending to play a plank of wood in the hope of raising money while wandering the streets of Sydney yesterday. Australia was ranked 12th among industrialised countries in terms of the United Nations' new poverty index which
      AFP  -  89 words
    • 374 8 DHAKA Govt takes austerity steps as flood waters start receding AFP BANGLADESH has launched a massive agricultural plan and an austerity drive as the worst floods to hit the country this century showed signs of receding yesterday. Officials said agricultural plans, imports and
      AFP  -  374 words
    • 351 8 TOKYO AFP PROSECUTORS yesterday swooped on the headquarters of Japan's defence agency in a growing military equipment procurement scandal, officials said. "We confirm the raid," said a spokesman at the agency, the heart of Japan's defence establishment. "They entered some minutes earlier and
      AFP  -  351 words
    • 521 8 TOKYO Ailing banks to cover NPLs with equity, management to quit AFP JAPAN'S ruling Liberal Democratic Party yesterday staged a major policy turnaround to break an impasse over a series of key bills to tackle finally the country's bad loan banking crisis. The
      AFP; REUTERS  -  521 words
    • 322 8 SYDNEY AFP PRIME Minister John Howard rejected criticism yesterday that he deliberately timed the Australian election campaign to coincide with holidays and major sporting events to divert attention from his tax reforms.. As Australian athletes, swimmers and tennis champions combined with the woes
      AFP  -  322 words

  • THE WORLD
    • WORLD Watch
      • 54 9 AFP [BASEL] The IMF must have access to adequate fUnds, G-10 central bank governors agreed yesterday, calling for extra funding and support for the organisation. The governors hoped that all the countries involved would approve release of the funds needed very quickly, Bundesbank president
        AFP  -  54 words
      • 59 9 Reuters [BONN] German Chancellor Helmut Kohl yesterday said he was "full of fighting spirit" after a state election triumph for his Bavarian allies, calling the victory the ideal boost for his own re-election campaign. The Christian Social Union won the Bavarian state election with
        Reuters  -  59 words
      • 51 9 Bloomberg [FRANKFURT] Germany's central bank will aim at maintaining a "favourable" economic climate for the January start of euro, Bundesbank vice-president Juergen Stark said yesterday. "We can't talk about deflation," Mr Stark said. "And I don't see any danger of that in the foreseeable future."
        Bloomberg  -  51 words
      • 67 9 Reuters [BLACKPOOL, England] Britain's trade union leaders yesterday blasted the Bank of England for keeping interest rates too high and for causing thousands of job losses. In an address to the Trades Union Congress, TUC president John Edmonds accused the central bank of ignoring
        Reuters  -  67 words
      • 62 9 AFP [BAGHDAD] Iraq's Parliament held an emergency session yesterday and is expected to call for a total break in cooperation with the UN Special Commission (Unscom) in charge of Baghdad's disarmament. "We must put a halt to the operations of the inspection teams which
        AFP  -  62 words
    • 315 9 Reuters [MOSCOW] Russia's new Prime Minister Yevgeny Primakov chaired his first cabinet session yesterday and told ministers that national stability and unity must be their top priority at a time of swirling economic turmoil. But in comments likely to worry Western lenders meeting in London
      Reuters; AFP  -  315 words
    • 441 9  -  LETTER FROM BRUSSELS Businesses taking an active approach to crisis By Shada Islam Acrimonious linguistic quarrels over a long-standing Flemish-French divide and a recent spate of child abuse and corruption scams may have tainted somewhat Belgium's international image. But the country's business leaders
      441 words
    • 594 9 NEW YORK He says inflation less of a risk than falling prices; calls meeting to revamp global financial structure Bloomberg US PRESIDENT Bill Clinton called on countries around the world to stimulate their economies at a time when inflation is less of a risk
      Bloomberg  -  594 words
    • 306 9 WASHINGTON AFP OPINION polls show most Americans want President Bill Clinton to stay in power following the release of the Monica Lewinsky sex scandal report a message his allies heard as they rallied to his defence. A Washington Post poll yesterday
      AFP  -  306 words
    • 366 9 LONDON Bloomberg SENIOR officials from the Group of Seven (G-7) industrial nations plus Russia met in London yesterday for a "brainstorming" session on the economic crisis in Russia even as they ruled out new financial aid. The UK, which currently holds the
      Bloomberg  -  366 words
  • Page 9 Advertisements
    • 877 9 —-™=r' i LiT V. *•#J+ 4AM 4, .rwafe tm —*4 >«v Assets 1997 1996 Liabilities and Shareholders' Equity 1997 1996 in ATS 1.000 in ATS 1.000 InATSI.OOO in ATS 1.000 1. Cash in hand, balances with central hanks I. Liabilities to credit institutions 353.752,694 312.208.363 and post office banks 7.146.369
      877 words

  • EDITORIAL & OPINION
    • 777 10  -  THB BOTTOMLDVE OPINION By Audrey Tan The writer isaßT reporter THE bleak job figures from the manpower ministry last week were just the tip of the iceberg. Few in the government or private sector now doubt that the economic situation will
      777 words
    • 109 10 The last experiment that went this far was an economic philosophy called socialism. It is a philosophy much better suited to impoverishment than enrichment Malaysians will eventually find that out' .cr^l^s^nnt^A*. in a recent advisory to clients. The leader of the economic free world is a fellow
      109 words
    • 551 10 EDITORIAL SINCE the affair between President Bill Clinton and former White House aide Monica Lewinsky surged to the top of Washington's political agenda eight months ago, there has been concern that America's obsession with this sex scandal would end up diverting the administration's attention from top
      551 words
    • 1323 10  -  World's emergency lending facility, the IMF, is too small and weak to deal with the present crisis By Roger Altman The writer, an investment banker, served in the US Treasury under President Jimmy Carter and as deputy secretary of the US Treasury in
      FILE PHOTO  -  1,323 words
    • 842 10 pi— !>■ nhH»m AS COULD have been expected, former president Suharto's call to the government and the National Commission on Human Rights to protect him against slanderous and humiliating remarks made by members of the public proved to be counterproductive. Instead of comfort, what Mr Suharto
      842 words

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  • Page 11 Miscellaneous
    • 831 11 TV&RADIO IV tun I■■ ii w Movies Backbeat. mances. J 4-00 News 5 Today Followed 2.00 TV Innovations. 5*25 Innovations. By Afternoon At The 3.00 Legend of the Flying 4.00 Kidz Blitz: Sesame Movies (Con't). Fox. rr-»T O /-> Street 5.00 News 5 Today Followed 3.55 Pet House. M/l V/n
      831 words
    • 156 11 <«fcVriiC CROSSWORD 28 00^'(luit ill its day.^ some day perhaps! (7) teners are kept in the dark SOLUTION DOWN <*f> 1 Man devoured by lion, per- |f?T M 1? !re < 4 s > haps a circus performer climbing frame put in nurs- MUMGfcB (7) ery, perhaps (7) I■lfiM 2
      156 words

  • EXECUTIVE LIFESTYLE
    • 849 12  -  It's an unprecedented sth straight win for the comedy. Relative newcomer, The Practice, captures the dramatic honours, brian lowry reports BRIAN LOWRY LATWP PRASIER received an unprecedented fifth consecutive Emmy for best comedy series at the 50th annual Emmy Awards on Sunday, adding to the programme's
      LATWP; AFP  -  849 words
    • Article, Illustration
      173 12 1998 Emmy Award winners Drama series: The Practice/ABC Sapperttag acta; inn series: 1 Comedy series: Fraster/NBC Gordon Clapp, NYPD Blue/ABCV Mini-series: From the Earth to the Supporting actress, drome series: \g MoonAVSO Camryn Manhetm, The Variety, musk or comedy series: Late Practice/ABC Show With David letterman/CBS SfL-» I
      173 words
    • 719 12 US OPEN Win over fellow Aussie Philipponssis silences jibe AFP [NEW YORK] Patrick Rafter had the last laugh on those who called him "a one Slam wonder" by retaining his United States Open crown here on Sunday with a fourset victory over fellow-Aus-tralian Mark
      AFP; REUTERS  -  719 words
  • Page 12 Advertisements
    • 1060 12 I BankVVustria I I Assets 1997 1996 Liabilities and Shareholders' Equity 1997 1996 fl fl in ATS 1,000 in ATS mn in ATS 1.000 In ATS mn I. Vault cash I- Due to credit institutions 616.202.14} 544.358 I I Balances with central banks and postal giro offices 12.480.317 14.626 a)
      1,060 words

  • COMPANIES & MARKETS
    • 699 13  -  Board also unveils risk classification system to aid investment choices By\ Shiv Taneja [SINGAPORE] The Central Provident Fund Board has expanded the number of approved fund managers to 24 and also announced a new risk classification system to help CPF members make better investment choices.
      699 words
    • 253 13 It says it'll continue to monitor developments in KL [SINGAPORE] Morgan Stanley Capital International, which is dropping Malaysia from its developed market indices, yesterday said it is also launching a set of regional indices on Oct 1 that will exclude Malaysia. Geneva-based Capital International
      253 words
    • 453 13  -  LETTER TO THE EDITOR Meenakshi Do Nin I REFER to your articles on Singapore Press Holdings' capital reduction plan. The proposal has also had the salutary effect of anchoring the price of SPH shares at around $12.20. A floor is always effective
      453 words
    • 803 13  -  HOCK LOCK SIEW R Sivanithy IT'S been two weeks since the Kuala Lumpur Stock Exchange (KLSE) announced its new measures which effectively put an end to trading of Malaysian shares here on Clob International, yet Clob investors are no closer to knowing
      803 words
    • 280 13 Group achieves interim net earnings of $968,000 [SINGAPORE] Transport operator Tibs Holdings has returned to the black, posting group net earnings of $968,000 for the half-year ended June 30,1998. This works out to earnings per share of 1.06 cents, compared to loss per share of
      280 words
    • 139 13 AFX-Asia [KUALA LUMPUR] Berjaya Sports Toto Bhd said it plans to buy back 10 per cent of its issued and paid-up share capital. The company said in a statement that the actual number of shares to be purchased, the total amount of funds used
      AFX-Asia  -  139 words
    • REGIONAL COMPANIES
      • 357 14  -  Marginal and unprofitable businesses to be divested or closed bYom Ruth Wong in Kiuila Lumpur DEBT-laden Pengkalen Holdings Bhd, a unit of prominent businessman Khoo Kay Peng's flagship Malayan United Industries Bhd, has obtained court protection under Section 176 of the Companies Act so
        357 words
      • 428 14  -  Manufacturers' Services expects USs22om Asia sales Byi Carol Eng [SINGAPORE] US-based Manufacturers' Services (MS) will see its Asian sales this year double to US$22O million (*****.2 million), and is looking to acquire companies in the region. It is the eighth largest contract manufacturer
        CHRIS LOH  -  428 words
      • 286 14  -  By] Eugene Low [SINGAPORE] Mainboardlisted ASA Ceramic Ltd yesterday reported a 5.6 per cent rise in net earnings to $3.75 million for the half year to June 30. Operating profit before tax and minority interests rose 17.4 per cent to $4.6 million. Interim turnover
        286 words
      • 323 14 [SINGAPORE] Poor market conditions and higher provisions for doubtful debts by a Malaysian associate saw stockbroker Kay Hian Holdings' interim net earnings slashed by almost 45 per cent to $12.7 million. The sharp drop in business in the six
        323 words
      • COMPANY Briefs
        • 91 14 [SINGAPORE] Hotel Royal announced a 77 per cent drop in net earnings to 1726,000 on losses from the disposal of investments and hotel operations. Turnover fell 23 per cent to $7.6 million for the six months to June 1996. Earnings per share fell to
          91 words
        • 91 14 [SINGAPORE] TSM Resources posted net profit of $951,000 on turnover of $5.4 million in its maiden interim results announcement after its initial public offer last year. Earnings per share was 0.58 cents, while net tangible assets per share was 8.62 cents. Higher sales
          91 words
        • 56 14 [SINGAPORE] United Pulp Paper's substantial shareholder Meileen Choo of Cathay Organisation has bought a further 0.36 per cent stake, or 417,000 shares in UPP through Equus Land Pte Ltd. She paid about 31.47 cents to 39.96 cents, upping her shareholding to 20.427 per cent
          56 words
        • 58 14 [SINGAPORE} Semiconductor services firm Sunright has raised its stake in subsidiary KES Rood Technology Taiwan to 83.84 per cent from 51 per cent. Its current interest in KES Rood is now NTJ81.32 million (Ss4.l million), after it subscribed in cash for 650,000 additional shares
          58 words
        • 123 14 [SINGAPORE] The High Court has approved the merger of STIC Corp and Sembawang Corp and their respective share capital reductions. Shareholders have until Oct 1 to transfer their shares, and till Oct 2 to determine share entitlements in the merged company SembCorp Industries (SCI). STIC shareholders
          123 words
        • 126 14 [SINGAPORE] Amtek Engineering will take a 51 per cent stake in an Internet appliance company Internet Appliance Technology (lAT) for $5 million to tap the high-growth niche of Internet infrastructure. Amtek will subscribe in cash for 3.1 million new shares at $1 each at
          126 words
    • COMPANIES
      • 716 15 Tokyo is down 64% since its heady peak in 1989, and no one saw it coming FT [TOKYO] Those investors in US equities expecting a rapid recovery after the Dow's near 20 per cent correction might do well to consider
        FT  -  716 words
      • 305 15 Bloomberg [KUALA LUMPUR] Hicom Holdings Bhd, which controls Malaysia's largest carmaker Proton, said the plunge in shares it pledged as security for 915 million Malaysian ringgit (Ss4l7 million) in bonds has given bondholders the right to demand their redemption immediately. The market
        Bloomberg  -  305 words
    • FINANCE & COMMODITIES
      • 672 16  -  Post-crisis Asia should see surge in demand, says Lee Yock Snan Ronnie Lim [SINGAPORE] The oil market in crisis-hit Asian economies may have hit the skids, but the region's beleaguered oil industry should look beyond the current recession to business opportunities ahead, two
        672 words
      • 328 16 Reuters [SINGAPORE] The New York Mercantile Exchange (Nymex) is close to an agreement with the Singapore International Monetary Exchange (Simex) to set up Nymex trading screens in Singapore, Nymex president Patrick Thompson said yesterday. He said that all the essential business terms
        Reuters  -  328 words
      • 283 16 They are said to have sold another 260 tonnes worth USs2.4b FT TLONDON] Central banks, whose gold sales have been widely blamed for helping to drive down the price in August to the lowest level for 18 years, are set to report
        FT  -  283 words
      • 294 16 FT [PAßlS] French banks plan to take a bigger role in the direction of the Paris stock exchange in an effort to strengthen its political muscle. A senior post at the exchange or in the French financial community could be created to defend
        FT  -  294 words
      • 364 16 It wants to become Europe's biggest derivatives market FT [ZURICH] The London International Financial Futures and Options Exchange (Liffe) will next month announce plans to switch to electronic trading for all its products and reveal its strategy to win back business lost
        FT  -  364 words
      • 275 16 SOBBLReport Reuters [SINGAPORE) Simex Japanese Government Bond (JGB) futures firmed yesterday but closed off their highs as the Nikkei recovered on news of a compromise plan on Japan's key financial bills. Japan's ruling Liberal Democratic Party offered opposition parties a compromise plan on
        Reuters  -  275 words
      • 195 16  -  MSCI TAIWAN FUTURES Ms Cecilia Loh service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures surged 4.40 points yesterday on optimism that Asian economies, led by Japan, were on the path to recovery following news that Japan is set to restructure
        195 words
      • 197 16 ENERGY REPORT Reuters [LONDON] Petroleum prices rose yesterday encouraged by news that Gulf oil ministers will meet this week to consider what more might be done to speed an oil market recovery. Bellwether Brent Blend futures for October rose 22 cents by 1500
        Reuters  -  197 words
      • 290 16 AFP AFX-Asia London THE US dollar continued to rise against the yen in late trade as a strong rally on Wall Street encouraged investors to move back into the currency, dealers said. Rob Hayward of Bank of America said the dollar is seeing a reversal of many of
        AFP; AFX-Asia  -  290 words
      • Article, Illustration
        1237 16 nTTERBAME CROSS RATES Sep 14 A$ C$ ft ICU Ffc D» W} lad 8slupin Tw On Ml «2$P*fa Nw »«K Sfr HT> jUOl Australia 0.903 6.(78 0.5% 1401 1.014 4.615 25.31! 69.158 1790 8.269 2-263 1.155 *****26JJ34 UM 3.728 0.*****382 2430k 03S6 O.SM Cwvxta 1107 5.472 0.571 3.765 1.123 5.108
        1,237 words
    • 1727 17 8IC0M FUTURES Sep 14 RUBBER (Marts dosing «s at SJOpa) ISS1 CONTRACTU cMtsAo) Cfos« Vofcmt Optn Month Hjgfc Low Sott (touts) lottrtst Oct 98 117.50 875 Nov 98 1T7.25 117.25 H8.25 200 1450 Ok 98 119.00 1450 Jon/Mar 99 121.50 1950 Apr/Jm99 125.75 1950 Jot/Sop 99 130.25 150
      1,727 words
    • 2261 17 LOHPOH IHHHMM iiilt in M N*ct 31 Group 494.000 19.000 AS Ports 260.000 2.600 Abbey national n75.000 *52.000 Allied Oomecq 484.000 ♦19.000 Amec 151.000 unch Aid* Croup 168.600 *3.600 BATUd 445.000 -10.000 BG Pk 380.000 17.000 BtCC 78.000 -2.000 BOCGroi* 800.000 42.000 BR Petroleum 815.400 19.400 8TR
      2,261 words
    • 1597 17 AFP PwuMiaas ****** JAPANESE share prices rallied 2.2 per cent yesterday as the ruling party moved to break the deadlock in a parliamentary debate over rescuing the flagging banking industry, brokers said. Strong buying emerged in the afternoon, focusing on bank issues, after the ruling Liberal Democratic Party offered
      AFP  -  1,597 words
    • Article, Illustration
      1482 18 Reuters AFP PI Han* Sen* *BX3B STOCKS closed higher yesterday, lifted by expectations of lower interest rates in the United States and China and confirmation of a steady Hongkong dollar exchange rate, brokers said. These positive trends were seen boosting the index again today. "I think we are going
      Reuters; AFP  -  1,482 words
    • Article, Illustration
      611 18 Reuters |J Shenzhen B Index +0.65 SHENZHEN'S hard currency B shares ended higher yesterday, as light domestic bargain-hunting lifted a thin market, analysts said. The B Index gained 0.65 of a point to 63.45 on turnover of HK$l2 million. "There has been a vacuum in terms of news, and
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  611 words
    • 365 18 AFP HwPMe» *1834 TAIWAN share prices closed 0.3 per cent higher yesterday on buying of low-priced industrial shares, dealers said. The Weighted Prices Index rose 18.34 points to 6,860.17, following a 0.6 per cent rise in the previous session. "Low-priced shares rebounded after they levelled off," commented Calvin Chiang
      AFP  -  365 words
    • 254 18 AFP n Wellington -831 NEW Zealand stocks fell 0.5 per cent yesterday on small turnover of NZ$43 million in listless trading The NZSE-40 Index was down 8.31 points to 1,719.26 with Telecom Corp down two cents to NZ$7.3O. Retailer The Warehouse Ltd gained eight cents to finish at NZ$3.9B.
      AFP  -  254 words
    • Article, Illustration
      768 18 AFP □SETIaJm -L3t THAI shares fell 0.7 per cent yesterday on last-minute profit-taking, ending off their earlier highs in thin trade supported by gains in other regional markets, analysts said. The Bangkok bourse was stable with trading rangebound amid concerns over the regional and domestic economic outlook, but managed
      AFP  -  768 words
    • 412 18 AFP nOompoateMg -101 SHARE prices closed yesterday 1.9 per cent lower as foreign investors and institutions sold heavily, dealers said. They said the weakening Korean won, trading around 1,391 to 1,395 against the US dollar, also hurt the ailing stock market. "Heavy-selling by foreigners and institutions was the main
      AFP  -  412 words
    • 587 18 AFP QAD Ordinaries +4IJ SHARES rose 1.7 per cent yesterday, boosted by bargain hunters who swooped after a slump on local markets on Friday was followed by a rise on Wall Street. The All Ordinaries Index rose 41.9 points to 2,510.2. The All Industrials Index rose 67.6 points to
      AFP  -  587 words
    • Article, Illustration
      695 18 AFP D Composite Index -3.44 INDONESIAN share prices closed one per cent down in thin trade yesterday with riots in the western provincial city of Medan adding to market concerns over social unrest, dealers said. "This market is really losing support... while the region is improving we are moving
      AFP  -  695 words
    • 281 18 AFP Q Manila +1&58 PHILIPPINE share prices closed 1.7 per cent higher yesterday on a technical rebound. The Philippine Stock Exchange Index gained 18.58 points to 1,100.76. Turnover fell to 163 million shares worth 519 million pesos. Manila Electric Co A gained a peso to 59 while its B
      AFP  -  281 words
    • KUALA LUMPUR STOCK MARKET
      • 400 19 Bloomberg AFP F1 Composite Index +24.71 MALAYSIAN stocks rose yesterday, led by Telekom Malaysia Bhd, as local funds, including some government ones, bought shares as the central bank leaned on banks to help cash-strapped companies. The funds bought in the afternoon, traders said, lifting
        Bloomberg; AFP  -  400 words
      • 8384 19 MWSTRMLS Caniwnir products IMS List Vol Day Net Cap L— CoekBT Ml *000 t Wl t—8 310 170 Ajinomoto 210 5 2 210 210 11-6 85J 148 35 Angkase 59 unch 37 59 14 87.0 290 123 Aooito Food Hlg 175 uoch 2 175 175 6.1 70.0 388 W6 188
        8,384 words
    • WARRANTS & OPTIONS
      • 202 20  -  WARRANT WATCH By] R Sivanithy AS correctly predicted in this column last week, local penny stocks have sprung into life because of Clob's impending closure. Since this could well go on for a few more days at least, we might as well continue examining
        202 words
      • 3344 20 BOMBS, LOANS t WMtANTS W1 1998 Last VaI Oay l4«t Owata At* Ht«h Law stiw Company SM »ar- COOO) High La* Buyar Sallar Prtca 23.5 3.5 m 3000 m AMDS c5.5******6 7 251 7 5.5 7 8 20.5 3 3160 A Acar ******1USS 4 unch 10 4 4 4 6
        3,344 words
    • 2371 20 Transaction date Sep 14 NMMNwsncu '-ww Of Cr Ml Lagt Vol Day Laat Quata Dk »> n M M Cap H» Lw llw Campany Mi fOOO) H»i Laar Buyar taBar Cw P/E W OS 22 miSOOO AIS8S0C 2<5 -03 879 26 22-5 243 25 5.0 3-3 4.7 9.4
      2,371 words
    • 6588 21 Transaction date St-p 14 Or Or M Wt 1998 Last Vol Day Last Ouott Mv W* YM Net Cap Avg High Low St No Company Sato COOO) High Low Buyor S.iur C'vr P/E Smll Price MULTHNWSTRY 142 49.5 mt 1000 AcmaSOc 57.5 *0.5 194
      6,588 words
    • 1279 21 Or Cr M Wt 1998 Last Vat Day Last Ouata Dtv Mv YM Nat Cap Avq t— WW* Ctf| Ma fOOO> H» Law 8»yar War Cw W t— Wit MANUFACTURRM 243 30 a 2049 *ASAuto10c 73 cd *11 3957 73 63 72.5 73 15.0N 7.0 2.1 6.9 83.4 61
      1,279 words
    • STOCK EXCHANGE OF SINGAPORE
      • 224 22 Stocks VotMM PanpacMediaS 12.854,000 *MBf Capital 11,730,000 •Renong Bhd 50c 11,354,000 Enersave 10c 11,170,000 •Pub Bk Foreign 10,763,000 •Rekapacific Bh 9,972,000 Goidtron 20c 9,803,000 U Xin 10c 8,927,000 •MBf Hldqs 50c 8,879,000 Keppel Land50c 8,704,000 Stocks DBS Foreign 18,443,631 SingTel 15c 10,859,046 OCBC Foreign 7,306,903 SPH 6,354,617 Keppel Land50c 5,587,290
        224 words
      • 822 22  -  STOCK MARKET COMMENTARY Speculative energy tarns to low-priced stocks, including m&inbo&rd ones; Clob stocks recover in late afternoon after sharp fall By R Sivanithy [SINGAPORE] A slightly improved external and domestic environment helped the Straits Times Index rise 24.64 points
        822 words
      • ON THE GRAPEVINE
        • 108 22 A FUND manager with a penchant for number crunching sent us this interesting, if somewhat depressing, bit of information. Returns on the Singapore stockmarket (using the Straits Times Index) oyer the past 10 years have been zero! If that was not bad enough, he informs us that
          108 words
        • 116 22 consulate-general arrived at our Hongkong bureau at 1.08 pm last Friday Inviting journalists to a 3 pm briefing on a "US-China trade Issue that may affect Hongkong". It did not elaborate, except to say that the information provided could only be published after 12.01 am on Saturday. Journalists
          116 words
        • 112 22 HANDLING layoffs, sackings or retrenchments is obviously not easy. Not even to those trained in public relations, we found out recently. Altera PR officer of an electronics company confirmed a tip-off we received that the company had issued another batch of staff severance notices
          112 words
        • 107 22 KENNETH Starr's juicy report on the Clinton-Lewinsky affair has set another record—this time oil the Internet. CNN reported that its Web sites served a record 34.26 million page impressions last Friday, the day Mr Starr's report was posted on the Net. CNN.com was the first Web site to
          107 words
      • Article, Illustration
        65 22  -  -by Shiv Taneja SM Summit Holdings closed five cents higher yesterday at 29 cents on a volume of 5.64 million shares, compared with its 10-day traded average of 655,900 shares. The counter is headed for overbought territory, but there is more upside in the medium term, accoring to
        65 words
  • Page 13 Advertisements
    • 94 13 A COMPANY'S STRENGTH LIES IN THE Backbone of its staff. The Trend Line TL 3390 is good value you will just have synonymous with healthy seated to sit down! posture at an attractive price. Thanks to the Ergo-Relax fea- Dauphin (S.E.A.) Pte Ltd ture, the entire seat shell can 52
      94 words

  • Page 14 Advertisements
    • 829 14 KavHian KAY HIAN HOLDINGS LIMITED ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30TH JUNE 1998 The Directors of Kay Hian Holdings Limited (the "Company") are pleased to announce the following results: GROUP COMPANY 30/06/98 30/06/97 30/06/98 30/06/97 $'000 $'000 Change $'000 $'000 Change 1 (a) Turnover 36,698 78,344
      829 words

  • Page 15 Advertisements
    • 480 15 Miiiij i cSJ?* y within a yellow or white gold case's purebred slimness. Les Essentielles, by Vacheron Constantin. Discretion in space and time. t 1r: A HE« VACHERON CONSTANTIN The world's oldest watch manufacturer Geneva, since 1755 ..•'*<• Jm\ jgMff-j *"*f Authorised Retailers: Cortina Watch Tel: 339 9185 Roy Eastern
      480 words

  • Page 16 Advertisements



  • Page 19 Advertisements
    • 29 19 HTTfIfmT^PVTTPTTTmTPWS^^c^^^^^S I lialll lll'lilß ITI h *y»j 11 [ij» ii* I i K*7*T'ljl |Til I 11 k'i ■i]| MB |H 111 jj r. i r.T.j Classifications Travel Guide W
      29 words

  • Page 20 Advertisements
    • 36 20 /^TT~7x^^ <xl ,s going to The Straits Times//, I we wante< 5ecause -V. ""I nlcel J/£f\ V n 1 chTpsl I > Buying or seilin* throuah j: JPf I The Straits Times Classified is child's rtw. g
      36 words


  • Page 22 Advertisements
    • 482 22 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And IN THE MATTER OF ENYSIS MARKETING PTE LTD (In Members' Voluntary Winding-Up) At an Kxtraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 51 Anson Road #02-59, Anson
      482 words
    • 371 22 THC COMPANKS ACT, CAP. SO FAX EAST KAOT PMVATE UMTTCD (hi flMMbtf? 1 voluntary iquKjoftc Al on Exlrooidroy Generd Meetng of Far Eg* p. jk ft -I 11. J 1 LJJ K6UHY rTMBB UfIMBQ (My COfwQneQ QnO rOO Cf 212AOangi Road, Singapore *****5 on Fnday, fa lIA day of Septembei
      371 words
    • 422 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ENERGY SUPPORT (3) PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the above Company duly convened and held at 190 Middle Road #14-07, Fortune Centre, Singapore *****9 on Tuesday, 15th September 1998 at lla.m. the following special resolution
      422 words
    • 303 22 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO AM) IN THE MATTER OF AG PARTNER INTERIOR FURNISHINGS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the above named Company, duly convened and held at 92 Arab Street Singapore *****6 on
      303 words
    • 299 22 Doft t. ]O£C0 C 11 1 ij A Singapore'U'l I TheStraiteTimes brin 9 s^acns p""wwyoi M o g s?s *'■Wm/Ufmmm 1 the week's major news breaks I > > reported in The Straits Times about Singapore and Asean. I J Covering news from social issues, politics, business, career I p-S.
      299 words

  • Shipping Times
    • 316 23 Reuters Bridge News TRADING slowed but rates ended on a firmer note for Asia Panamaxes but activity in the Atlantic was negligible, brokers said. Capesize trading remained in a pause, but still healthier for modern vessels in the Atlantic. Futures found good support as traders sentiment turns bullish
      Reuters; Bridge News  -  316 words
    • 301 23 m m&mmmmm mw a CWT Distribution 0.27 0.0)5 3160 Chuan Hup 0.34 0.03 4260 Cosco Invattmant 0.4 unch 2000 FrataM LHu 0.165 002 3174 OBHoMlnp 0.22 O.OOS 3000 Hai Sun Hup 0.31 0.035 9630 Hitachi Zosan 0.5 unch 3090 IMC Hotdbiqs HK 5.6 unch Jay* Holdings 0.38 unch
      301 words
    • 458 23  -  S'pore terminal operator may build multi-purpose wharf at Inchon: report By. Marcus Hand [SINGAPORE] PSA Corp could be set to invest in South Korea as the terminal operator continues on its aggressive international expansion plans. Seoul's Maritime Affairs and Fisheries Ministry
      458 words
    • 114 23 EIGHTY-TWO out of 132 signatory countries to the International Maritime Organisation's Convention on Standards, Training, Certification and Watchkeeping (STCW) put reports in to IMO to demonstrate "full and complete" compliance with the 1995 revisions to STCW prior to a Aug 1 deadline.
      114 words
    • 347 23  -  Seoul opposes carrier's application for ontbonnd licence By: Marcus Hand [SINGAPORE] Hyundai Merchant Marine's move into Asia's burgeoning cruise market with groundbreaking tours to North Korea could be cancelled due to licensing problems. The South Korean government has opposed a move by
      347 words
    • 229 23 Reuters [KATHMANDU] Nepal will ask India to allow its goods easy access to Indian ports, a top official said on Sunday. Talks start last Thursday between the two south Asian neighbours to focus on the renewal of a seven year-old transit treaty,
      Reuters  -  229 words
    • 348 23 AFP [CHITTAGONG, Bangladesh] Bangladesh's worst floods this century have crippled the country's largest port, further threatening an economy already struggling to cope with the impact of the disaster. Officials say the calamity has hit exports badly and blocked imported emergency food aid needed to
      AFP; FILE PHOTO  -  348 words
    • PORT Shots
      • 54 23 [SINGAPORE] Chinese state-owned national carrier Cosco has become a full member of the International Shipping Federation (ISF), the international employers' organisation. Asked why Cosco, and not the China Shipowners' Association (CSA), is representing China on the ISFut ISF spokesman said that CSA had decided Cosco should represent
        54 words
      • 73 23 [SINGAPORE] Fears are growing for an Indonesian chief engineer hijacked with his vessel, the 720 dwt Belize-flag general cargo vessel Fu Tai which was hijacked by pirates off Batam on Aug 5. The raiders kept the engineer, a Mr Rohim, on board. Hie International Maritime Bureau
        73 words
      • 52 23 [SINGAPORE] The standing slot capacity of the world's ftilly cellular container fleet passed the four million TEU mark in August according to Clarkson Research Studies. As of Sept 1 the world boxshlp fleet comprised 2,459 vessels with an aggregate standing slot capacity of
        52 words
    • 703 24 Tear 2000 COMPUTER BUG Some large firms and port operators already have glitch-free computer systems, but not equipment suppliers Reuters [SINGAPORE] THE computer scourge of year 2000, the millennium bug, has drawn responses from Asia's shipping industry ranging from casual to confident. Several large shipping
      Reuters; FILE PHOTO  -  703 words
    • 211 24 PAGE tyak Lloyd 4 ACt 6 Oongnama 3 •AWL 3 ECL 5 i Accord 8 6 Appersfcp 5 foongSon 8 i Astro 3 CL"* 4 Austral 8 Gemartrans 8 BSA 7 Censhpg 7 B'tangMas 8 HaiSunHup 8 CCWI 7 7 CMA 8 3 COSCO 5 HeungA 7
      211 words
    • 17422 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Voyaqa Tataphona ETA ETA Ad«rtls.r Vassal VoyW TaMpNona SIN Dast'n Nam# Nam. Numtm Numbar SIN Dast n Nam, Nama Numbar Numb., 29/09 24/10 Ev.rqrwi E. GUEST 2-047* M-392TIT1 To ABIDJAN (ABJ) 2003 Cot* D'I voire mm 2400 Trwitino ever guest 0232-047* 45-*****35 20/09
      17,422 words
    • SHIPS IN PORT
      • 721 35 Vessel Voy No Berth Arrival Departure Jmn Nrt Mu d 01/96 J17 Homstd* 15.09/1800 ww mi 2-22E botiKlun 9909 J06 alonQS»d« l5 S'i!S2? a-,,,, i. 7 J04 14.09/1700 9t *tr.:« S4»M JO' Jkxuvd* 15.09/0700 fSSa 2Stp38 JO! «MP» W.09/2359 n lSTTi *****8 J01 ««!V« 15.09/0600 0)0996 J0I *x>9S.«
        721 words
      • 1859 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From *»W 16/2359 1* M/1500 M/1659 M/NOO It M/1500 14/1*59 tvwoo 2A (4/1700 15/0459 15/0*0 21 (4/1700 15/0659 15/0900 J 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 Ad UK MM HM
        1,859 words
      • 204 35 Sep IB 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: National
        204 words
      • 831 35 THIS report, compiled by Cockett Marine Oil Lid. shows price ranges in US dollars instead at single prices for a more comprehensive description at the market Prices shown are based on average-siaed stem Market movements are indicated The Cockett Bun ker Price Index change and the
        831 words
      • 469 35 Carbon <M Max 992.0 2.8 19.9 0.K 342 0.07 Sep (0 Density Water Residue As* Mutr.imum Sediment No above E25 1 4 12 3 3 0 300 Ave 987.7 07 15.4 0.07 31 0.03 |S 380 Mai 9919 0.9 19.4 0.11 67 0.11 WW »M/M %m/m
        469 words
    • AIR & LAND TRANSPORT NEWS
      • 624 36 Regional markets will remain depressed for at least two years: Air France official AFP [SHANGHAI] The Asian economic crisis will depress regional aviation markets for at least two years and force most local companies into strategic alliances, Air France's regional
        AFP; FILE PHOTO  -  624 words
      • 121 36 AFP [HONGKONG] An airport official has been sacked after jokingly telling a flight attendant there were landmines on board a flight in southern China. The airport official from an unidentified city in Hubei province was fired after the incident at Guangzhou airport when he said
        AFP  -  121 words
      • 188 36 AFP [ZURICH] A Swissair jet which crashed off the Canadian Atlantic coast earlier this month was carrying a painting by Picasso and nearly 60kg of valuables including 50kg of banknotes, an airline official said yesterday. Klaus Knappik, in charge of Swissair cargo, estimated
        AFP  -  188 words
      • 585 36 But German inflight meals caterer Lufthansa is holding back expansion plans AFP [HONGKONG] Asia should be eating its way through a hefty share of inflight meals by 2010, a top German caterer believes, but financial indigestion has grounded some expansion plans for at
        AFP  -  585 words
      • 82 36 AFP [TOKYO] Three Japanese companies will join a project by Boeing Co to upgrade its 747-400 jumbo jets, a report said on Sunday. Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd and Fuji Heavy Industries Ltd are expected to supply wings and fuselage parts,
        AFP  -  82 words
      • 186 36 (SINGAPORE] Northwest Airlines will be resuming normal service in Singapore from Sept 18, following the agreement between the airline and its pilots ending a two-week long walkout. The resumption of normal operations in Singapore will form part of a nine-day phased restart of
        186 words
      • 1824 36 aw MOW CM FU6MT ETP $***** 0635 LH6373 2350 MelaMt BA7381 1930 BA7382 2055 W 778 w 5026 2350 Of81 1930 Of82 2055 1,***** WK) 11,779 2359 ***** 2220 *****5 1610 NZ4579 2359 «HM*b HZ4327 0755 KU44 0040 0f0 W45 S***** 2359 S0327 0755 KL638 2300
        1,824 words
  • Page 23 Advertisements
    • 22 23 Millennium bug: Asian shipping in two modes Some large port operators already have glitch-free computer systems, but not equipment suppliers. Page 2
      22 words
    • 401 23 People World Maritime Jean-Peter Jansen has D&V StHTli XX3X been appointed as a deputy member of the executive board To celebrate this year's World Maritime of Lufthansa Cargo from Jan 1, Day, the Maritime and Port Authority 1999. Mr Jansen, 48, is currently 0 f Singapore (MPA) in head of
      401 words
    • 73 23 Asian crisis expected to force aviation alliances Regional markets will remain depressed for at least two years: Air France official. Back Page C n i Ij i iTTllii nil iiil q i h rl i jl-fT^^/^^^ri Any Destination, Any Time. I Sailing schedules to the Ani eric a s more.
      73 words

  • Page 24 Advertisements
    • 762 24 l.., B e a «u.rm ßC vDo«M f~| [QULF KARACHI EXPRESS (QtOQ ypa yoyagi La sm vcsa I vor I*a 1 dmn 1 pan I ino Iml cot I pip Ism (XXIMNTAM 10W535 02/00 20/00 PtO MDUOYD BAMtAIN OM 02/00 04/00 04/00 04/00 11/ Of IS/0» 10/00 20/00 30W537 u/oo
      762 words
    • 631 24 Lines services represented «©■-I Members R eg stry ol Accredited Shipping Agents Singapore Shipping Association Members of the Singapore Freight Forwarders Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETASIN ETA MALE Prlncejis Lily VM» 1M» 11/ M HAW PrtMessUly WSW 17/ M LILY MARINE SERVICES SINGAPORE Pfcoar 334 7MC/*****4C
      631 words

  • Page 25 Advertisements
    • 1054 25 SAX SaVKi (DIRECT) I vor aura ux on* m hou a* m wc jmruMffT 00W 09/09 24/09 28/09 2S/09 29/09 28/09 29/09 29/09 30/09 30/09 5g iiToo —oTTTo —m 7!o —osTio oiTio m7io~ "ogjol _QtZIQ w/io wiiumog oi« a/09 lIZIO \m nzio—uz!®—gfli—gg—gg U..UMWY 006f 30/09 13/10 20/10 20/10 21/10 26/10
      1,054 words
    • 2077 25 HANJIN SHIPPING HANJIN SNIPPING CS) PTI ITB h* //wm hup com MOOHG 37*0735 JV UUS 37*0734 731 DOCUNtKI 37*0771 774 OfHAIKMS 37*0741 757 MAM UK *****55 Ml ******4 OKO *****930NM TO NW USA A CANADA USA CANADA* mVSI/VOT MM SM UNI HAtt/VOT ~1 5U TTW DM J" TO I CM
      2,077 words

  • Page 26 Advertisements
    • 1141 26 DSR-SENATOR LINES TO UK/CONTINENT TOREDSEAfItfEDITKKRANEANCANADA Vfttn VOY ISM LfM RT* ANR HMt I*RV IFU WML I WY ■**> 811 pusan senator ma mm mm «.m mm 111. mmt 17 so mm mi* mm mi* mm «i* HANJM LONG OEACH WQMI MM M.l* MM MlO M.l* 11 1* LWraSBMTOR WMC M
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    • 978 26 a« mac-mels S PARE M»SIA I P. GUOANG: (07) *****26 I 1 ~NvV J CWwo. IJBOI7MOO— 518U:(064)*****9 MAMLA:(832)*****24 V J1 W PENANQ: (04) *****38 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MDH: (61) *****3 KUCMNQ (082) *****1-3 XINGANG PORT KELANG/PENANG MV "KOTA HARMUNI" V.HNI2OS
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    • 534 26 LINE WBr A Tits 38*3456 FAX: 0 *****3 L MUARA" labuan VBSa VOT fTDEtt VKSa VOT (TD Itt sratt mumu sroti in inosm vn/wi*/«f if/w inosrat v2*/w io/»o 20/09 CAMU JM-J2 VIK/W 23/09 24/09 OUUU JNO-32 VIS/W 23/09 27/00 STKAfTS H(VI V271/W 20/09 29/09 SBNSMI V271/N 20/09 30/09 OUUU«■>-» vix/n
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  • Page 27 Advertisements
    • 1361 27 VESSEL VOY SIN PQU PKO PEN PQB DUB 3HJ BA BIK IRAN VAHDAT PJL 1290 00/00 08/09 10/00 IRAN MATIN PJL 1308 10/00 27/00 28/00 28/09 29/09 PQB- Mini Qaboos, DUB > Dubai, SHJ Slw|«h. BA > Bandar Abbas. 81K > Bandar Imam Khomeini ACCEPTING CONTAINERS RE AK-BULK SHIPMENTS TO
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    • 2506 27 DIRECT TO ISRAEL 1 IN 13 BAYS I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****06 OUTWARD (I A) COSTAR SHIPPING PTE LTD #17-06 DOS HOC SALES/BRGS *****41/43 INWARD DEPT (0/0) *****65 COSTAR AGENCIES (M) SON BHD a MO: **********011 TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SWHT
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  • Page 28 Advertisements
    • 1230 28 •ep rom ANW HSG THP ZEE LHV LHV THP ROM WW HOG PKL W E. DIADEM RW-082 2040 09/10 13/10 10/10 12/10 13/10 14/10 E. UK KW 2240 2340 2540 i DAINTY RW-OA7 27/H 11/10 20/10 17/10 10/10 20/10 21/10 C. RIGHT RE-035 2000 20AI0 3100 0100 2409 2509 DYNAMIC
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    • 1109 28 ADVANCE CONTAINER LINES (PTE) LTD /V m 140 CmM Street. #12-00, PIL Building. Singapore *****0 La Z TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****00/ *****06 'IAMOKOK JAKARTA giwMy »>— rnn »m LCH/1 »n —T) VESS& VOY SM BKK VtSSa WY I I JKT snoOCEAN
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    • 465 28 nantailine] FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRKA VESSEL VOT I SW I ftu I PUK I CPT I R/IAT mMUirtwg TOMS ii/w »/w 03/10 wmiymus vows n/w 02/10 ot/11 10/10 13/10 SOUK* DRAGON TOOTS W/W 01/10 12/10 lt/10 HAWSA CASIHIA VOO2S 04/10 IS/10 U/10 73/10 74/10 murai wimcss vo?4S
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  • Page 29 Advertisements
    • 449 29 i BSA A. e !f=l3nfS?slslß! l 3sffsßß^^B^ Mmm MYANMA \BBBk FIVE STAR UNE (Myoanar Notiooal Ifcw) W Loodhig for Yaij«a (Roagoon) vissa YOY SW m KN PGU smm in sid MONBN 150W SiD MALAYSIA AGCNTS: OOUSTUD SMOfIM AfiQKXS KUL- TE (03)*****00 PRI: TE (03) 37M101 rot TE (M) *****02 PGU:
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    • 1180 29 HMNEhyundaimercha^TMAßJNECO^TD^^^^ Imvl Fa I [vissa vorl sou w rtm ant ham mv a sm AH MMimi 304W 17/09 05/10 10/10 07/K 08/10 LA LOttf S2S 21/01 19/08 23/08 25/08 IS/09 S2SW «/09 3/0 10/18 85/10 07/10 WJLUJJOMI 0171 24/08 29/08 28/08 27/08 7/09 MOUYPMNI 007W 21/ M 17/ li «/10
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    • 1009 29 9r- nofu agon pwabari oukxaman ©S@3S »«»»rjSSSSi U i -mamnmrn^ VESSEL VOY RAW HEIGHT SW LAX I CXL WIA SAV BAI OKF NYC IIWI «M TAUBOT Fill 400 1m 6.3 M INPOffT 10/10 19/10 22/10 24/10 26/10 W[\T 21/10 02/11 OS/11 TAWPERE FII9 4001«h 6.3 M 20/09 23/10 01/11 04/11
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  • Page 30 Advertisements
    • 867 30 BANGKOK/ MAPTA PHUT/ LAMM CHABAMO JAKAWTA/f ANJANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY Slw JKT PJW CHANA BHUM" 36N In Pt 18/09 ANRO OOWA* 050 In Pt 18/09 XETHA BHUM 250N In Pt 19/09 18/08 THANA BHUM 3043 18/09 18/08 NANTA BHUM" 411N 18/09 19/09 20/09 OURU BHUM
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    • 637 30 Ji> cosco COSCO FULL CONTAINER SERVICE tFCt/FCU EXPORT TO CHMA/HONG KONG EUROPE/CONTINENTAL EAST 9 WEST MEDITERRANEAN AUSTRALIA AMERICA AFRICA US WEST/EAST COAST PERSIAN GULF/KARACHI Please refer above mentioned service* to China Ocean Shipping Co. Advertisement in Page 5. VKSa VOV KN na SCP HKG QM NK) Fa HE Oil* I
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    • 1102 30 VEaSB* JED MLA LEH HAM THP RTM ZEE V9-LEDEVS> N27W I*o9 8W» 28/09 04/10 06/10 07/10 07/10 o*lo3 VXEOEOCMKA HZ7W 23*00 30X09 06/10 11/10 12/10 14/10 14/10 16/10 VIXE DE D*ORION Tit/W 29/00 07/10 12/10 16/10 19/10 21/10 21/10 22/10 V9-LE DE WMOSA V2BW 14/10 19/10 25/10 26/10 26/10 26/10
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  • Page 31 Advertisements
    • 9 31 Shipping your cargo to Busan? Please refer to Pusan.
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    • 49 31 \j^rZZZTonQemßnQ JV (Retrieve more schedules!) SJO Press-r .jpv Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another inrtovativt service offered by The document Will be SHIPPING TIMES S JL/tt xe j^ y^
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  • Page 33 Advertisements
    • 46 33 vaTAI Dial 740-6000 OflG€ *****10 (Retrieve more schedules!) Press "1" Select the port and key in STK4 the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by document Will be SHIPPING TIMES *!3&I2&£Z2Z.
      46 words

  • Page 34 Advertisements
    • 137 34 HgiiH FREE Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
      137 words

  • Page 35 Miscellaneous
    • 130 35 heesmueehmemkm LEGEND: R Thunderstorm Temperature c A slower Weather ~V Wind direction with speed m knots Ram v-/ Cloudy Sky Wove h< 9h, Surfoce winds are indicated by arrows which fly with the wind One tut circle represents calm or light ond variable winds One hotf tleche represents 5 knots
      130 words

  • Page 36 Advertisements
    • 216 36 HYUNDAI MERCHANT MARINE (S) PTE LTD have immediate vacancies far: Candidates must have Shipping experience in Liner Trade Self motivation Strong communication interpersonal skills Preferably possess own vehicle Interested applicants are required to send in your detailed resume including current and expected salary, photograph and contact number to the following
      216 words
    • 8 36 Document Code p| Singapore Exhibition Services Pte Ltd
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