The Business Times, 24 September 1998

Total Pages: 42
1 42 The Business Times
  • 13 1 MITA(P) 110/12/97 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, SEPTEMBER 24, 1998
    13 words
  • 63 1 IS MIM (+4.67) D 55S I (-2.68) PIBTOOMP U HUB (+1.52) snsci futukes ***** (+1.2) QMAUETHOOD: STMK MARKET INDICES Wednesday Change KLSfifltWP S7&M 1.19 NIKKEI dond HAN88ENG 7,6*4Jt >1Ml88 SET INDEX 2MJ8 JAKARTA COMP__2tt* +LS7 MANILA COMP _l,16ftl9 +MJ9 TAIPEI WH MC2.17 -71.83 SEOUL OOMP ***** -flt«8 CLBA
    63 words
  • 71 1 FOBEX KATES USI 81 ua 1.739 £(UM/»p*£) 1.678 SJCS DM 1.887 1.016 YEN 1JU IW BM UN MM HKI 7.741 MS BART- Mil MM hjhah am uu* •8tto Mm** PUB BATES SINGAPORE* 7.71 KUALA LUMPUR ljjfl JAKARTA 28.00 BANGKOK H7S MANILA 22.00 HONG BONO 1025 TMPB A» SYDNBT_ &tf
    71 words
  • 652 1  -  Profitable even after aggressive provisioning, analysts say By Siow Li Sen [SINGAPORE] The Big Four local banks could see their non-performing loans (NPLs) more than double from current levels to reach as high as 15 per cent, investment analysts said. But solvency
    652 words
  • 457 1  -  By, Lee Han Shih [SINGAPORE] The economic contagion afflicting the region has hurt healthcare and property company Parkway Holdings, which yesterday announced a 90 per cent drop in bottomline earnings to just $2.5 million at half time. For the six months ended June 30,
    457 words
  • 72 1 2am LATEST Reuters [WASHINGTON] Federal Reserve chairman Alan Greenspan said yesterday global financial turmoil would be more than enough to curb US inflation, the strongest indication yet he may be considering an interest rate cut. In eagerly awaited testimony to the Senate Budget Committee,
    Reuters  -  72 words
  • 493 1  -  Anwar's sacking also seen as factor in its decision From From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S decision to impose capital controls and peg its currency to the US dollar has "disrupted" the World Bank's plans to lend money
    493 words
  • 548 1  -  Plan aims to get half of Singapore's businesses aboard By 1 Toh Han Shih (SINGAPORE] An electronic commerce masterplan launched yesterday envisions the widespread use of e-com-merce within five years, with half of Singapore's businesses engaged in e-com-merce and some $4
    ARTHUR LEE  -  548 words
  • Page 1 Advertisements
    • 112 1 mara Saltaa'i debt aceari Will Indonesia's s«Hm group offload QAF, UIC, Jurong Cement? P* it In a surprising turn of events, Bank Negara yesterday re-issued a policy statement on non-per-forming loans (NPLs) that it withdrew hardly 24 hours ago, PgB Hack Lack Stow There's a case for a futures contract
      112 words
    • 116 1 Fixed deposit rates fall further than prime, Pg 4 Anwar's fata, Umno's future Samad Ismail, a A veteran politician K and respected observer, Wk «^JH| on these and other issues. Exclusive interview, Pfl 3 PLUS Anwar couldn't manage Malaysia's economy: Dr M, Pg 2 More reports, Pg 2 The new
      116 words
    • 7 1 E-trmde hub masterplan gets thumbs-up, Pg 4
      7 words

  • ANWAR'S ARREST
    • 173 2 AFP (KUALA LUMPUR] A Malaysian court ordered the release from detention yesterday of a second private secretary to former Malaysian deputy prime minister Anwar Ibrahim. Mohamad Ahmad had been held on remand since Sept 15 following a swoop on Mr Anwar's associates after he was sacked
      AFP  -  173 words
    • 351 2 He says sacked DPM was responsible for reducing amount of money in circulation Bernama (KUALA LUMPUR] Prime Minister Mahathir Mohamad said yesterday sacked finance minister Anwar Ibrahim did not understand how to manage the finance or economy of the country,
      Bernama  -  351 words
    • 102 2 AFP [KUALA LUMPUR] One of the six children of detained former deputy premier Anwar Ibrahim was rushed to hospital yesterday from the family's sealed off home here. Mr Anwar's wife Wan Azizah Wan Ismail broke off preparations to give a press conference to a
      AFP  -  102 words
    • 645 2 Police ban all reform meetings by his supporters AFP [KUALA LUMPUR] Malaysia's former deputy prime minister Anwar Ibrahim remained in detention for a third day yesterday, with his family led on a "cat-and-mouse" chase between the courts and the police headquarters.
      AFP  -  645 words
    • 239 2 Bernama AFP [KUALA LUMPUR] Foreign media will not be allowed to use government facilities to send news and visuals detrimental to Malaysia, Information Minister Mohamed Rahmat said yesterday. But the private sector would be allowed to transmit news for the foreign
      Bernama; AFP  -  239 words
    • 374 2 PMGoh tells of contagion effect if investors stay away The Straits Times [WASHINGTON] The political uncertainty caused by recent developments in Malaysia is unwelcome because it could dampen investor confidence in the region as a whole, says Prime Minister Goh Chok Tong. Responding to a
      The Straits Times  -  374 words
    • 1470 3  -  BT's regional analysis editor Yang Ri»«al1 Kmrim speaks to Abdul Samad Ismail on Anwar Ibrahim and Malaysian politics Yang Razali Kassim ABDUL Samad Ismail occupies a special place among Malaysia's intelligentsia. At 73, Pak Samad, as he is affectionately known, is of the
      FILE PHOTO  -  1,470 words
  • Page 2 Advertisements
    • 60 2 i.V OCT rv ;j;. T p T > i i. S v ,y v ■•>-" V,"' v' >... w V 'W 1 >. A. •T i *'*.■<s t.'••• J-.-*'.... t -V V •V>..l« •>'. ?-.s■ .1 1" If you're looking for an ultra notebook that'll let you zoom through your
      60 words
    • 57 2 Not time to retreat from free markets, Pg 6 [^tSvBIGBU^S Clean out that insectL L p. infested store room of j yours by turning your A M "junk" into cash m through a garage sale! A Call 1800-737 1166 to f I today to turn those big y\ I bugs
      57 words

  • Page 3 Advertisements
    • 96 3 a ";.i hi B MM^ajgl^^^^-,.. ndfPwi 3p-¥&&xs&+.vuffia~mt* y *4fe V>* m 1 1 fmSSfw BBH B X I? j 11 B L -■>*' B listening to may not be around for more than a year But the p ,astic cd wi be PTB no cause or You Bayer on y
      96 words

  • SINGAPORE AT HOME & ABROAD
    • 179 4 SINGAPORE merits a AA long-term foreign currency rating, and a AAA long-term local currency rating, according to the Duff Phelps credit rating company. "The ratings balance Singapore's very strong position as a net external and net public sector creditor against the economy's vulnerability to
      179 words
    • 358 4  -  By. Eugene Low EVEN if you don't have a computer, you could soon do online shopping at a terminal just a few steps away from your home. Multimedia publishing group Xpress Print is investing $150 million to set up interactive multimedia i-ONE
      CHRIS LOH  -  358 words
    • 285 4  -  Bat experts call for flexibility in goals, implementation By x Toh Han Shih COMPUTER industry experts yesterday endorsed Singapore's Electronic Commerce Masterplan, but said the government will need to be flexible in its implementation and goals. The experts were speaking yesterday at a panel discussion
      285 words
    • 466 4  -  Big depositors with principals above $50,000 hit hardest, with rates cut by up to 100 basis points By\ Siow Li Sen DEPOSITORS who feel they are being penalised by commercial banks which offer lower interest rates for larger deposits might want to
      466 words
    • 359 4  -  By. Marissa Chew FOUR properties in the Chinatown area were sold yesterday in the Urban Redevelopment Authority's first auction this year. Seven leasehold properties four sites for shophouse development and three restored conservation shophouses in Chinatown and Blair Road were
      359 words
    • 222 4 SINGAPORE'S office rentals are now the 14th most expensive in the world, dropping from eighth position last year, while Asian markets saw the largest falls in rentals worldwide, a survey by property consultants CB Richard Ellis showed. Asian cities' office rentals
      222 words
    • 604 4  -  By 1 Teh Hood Ling [SINGAPORE] A new feature of the walkie-talkie system the ability to connect to phone networks has put it on the brink of a major takeoff. Both operators of public trunked radio (PTR) in Singapore, which have
      604 words
    • 332 4  -  E7E OH THE ECONOMY Inflation By, Andrey Tan CONSUMER prices fell for the third consecutive month in August, as food, clothing and transport prices continued to tumble with slower economic growth. Figures released yesterday by the De- partment of Statistics (DOS) show a
      Source: Dept of Statistics  -  332 words
    • 290 4 It will take over 599 properties now managed by Pidemco THE Land Office has awarded Edmund Tie Property Management Services a contract to manage 599 state properties in an effort to inject competition and new ideas into the management of state properties. The Land
      290 words
    • 632 5  -  S'pore studying new laws to create more certain environment for financial community Reports byi Catherine Ong AHEAD of the launch of the euro in January 1999, Singapore is looking into introducing legislation to give more certainty to contracts denominated in the currencies of
      FILE PHOTO  -  632 words
    • 535 5  -  By. Ronnie Lim AT least two rival consortiums have already been formed to compete for the controlling stake in the $3 billion Tuas Power (TP) company, which is building Singapore's latest power station, sources said. But it is early days, and more
      535 words
    • 521 5 BANKS should make adequate preparation and planning to their payment systems to lower the risk of dispute, settlement failure or delay after the launch of Europe's single currency, the euro, the Monetary Authority of Singapore (MAS) advised. In a circular to banks and
      521 words

  • Page 5 Advertisements
    • 106 5 mi iv on a iuisinmss i kir H I in New York. I I Yoursysop I Who" s watching over your II I global network? I I v I w* 4 Builders of the infocornmunications age tOKYO fIAfK 1)1 l.llfK» MAfJ« >1 .lAf- AM I A •¥AI Al Al I
      106 words

  • FOCUS
    • 3133 6 PM Goh urges US to take the lead in mobilising global support to tackle the Asian crisis and American businesses to seize opportunities in the region Prime Minister Goh Chok Tong, now visiting the United States, delivered a speech to the US Chamber
      REUTERS  -  3,133 words

  • FOCUS: PROPERTY
    • 1218 7 HDB transactions from Aug 17 to Sep 11, 1996. TW POST*. CONTRACT BUILT-IN PWX PSf LOCATION nSTOCT DATE (SOFT) (StOOO) (SS) 3-Room OVpe-A) Bukit Batok East Ave 2 *****9 25-Aug-98 700 129 184 Hougang Ave 4 *****5 21-Aug-98 796 155 195 Hougang Ave 4 *****5 09-Sep-98 797 156
      1,218 words
    • 673 7  -  Since 1996, prices have come down by 22 per cent And there's still room for them to fall by up to 10 per cent say property agents By David Boey [SINGAPORE] IT'S bargain time for 30-something singles out on the prowl for a
      FILE PHOTO; Source: ERA  -  673 words
    • 442 7  -  LETTER TO THE EDITOR Oh Soh Beng Singapore LIKE many of your readers, I subscribe to the notion that property prices should be determined by free market forces. If that means that property prices are high, so be it. If that means that prices
      442 words
  • Page 7 Advertisements
    • 227 7 FREEHOLD 6-STOREY OFFICE BUILDING For Sale by Expression of Interest: Enbloc or Strata Floors Total Strata Area: 47,756 sq ft Strata Floor Areas: 6,383 8,837 sq ft Site Area: 9,564 sq ft Fringe of CBD and outside ERP zone Opposite proposed Kandang Kerbau MRT station Fully Leased Ample Carparking 5
      227 words
    • 67 7 m.'i i J V .1 /f Iv r > r.»* L. r.r -k v t g f'. I M f"' j >-f JF <■ 4- Mr' r. :r -f? Ji W •i i#'" 1 'k, »'f *V' afc *?w Sk V \i *r If you're looking for an ultra notebook
      67 words

  • ASIA'S ECONOMIC SLUMP
    • 292 8  -  From' Quak Hiang Whai in Hongkong JOINING the bandwagon to attack Malaysia's latest capital controls, Thomson Bankwatch yesterday issued a critical report on the Malaysian restrictions and downgraded the country's sovereign risk rating, placing a "negative" on the outlook for the country. In a separate
      292 words
    • 508 8  -  It re-issues statement on widening default period for loans From. From Meera Tharmaratnam m Kuala Lumpur IN a surprising turn of events, Bank Negara yesterday re-issued a policy statement on non-performing loans (NPLs) that it withdrew hardly 24 hours ago. On
      508 words
    • 499 8  -  inclndes financial support for firms, trade finance By' Vikram Khanna [SINGAPORE] To back up its "firm commitment to Asean", Japan will launch a package of "immediately effective measures" to help the region's economies, Japanese Minister for International Trade and Industry Kaoru Yosano said yesterday.
      499 words
    • 504 9 Members didn't have correct information machinery before crisis, he says AFP [FRANKFURT] International Monetary Fund chief Michel Camdessus has admitted errors by the IMF in predicting and preventing the financial crises rocking South-east Asia and Russia. In an interview with the German
      AFP  -  504 words
    • 355 9 Bloomberg [JAKARTA] Indonesia's creditors agreed to reschedule US$4.2 billion (557.3 billion) in government debt due in the next two years, Finance Minister Bambang Subianto said. Of that, US$l.2 billion in loans from 19 foreign governments and international agencies such as the International Monetary Fund will be
      Bloomberg  -  355 words
  • Page 8 Advertisements
    • 224 8 Typist Chair Kella Athena Eminent HHi||jp >W!^1 11 BAY view HTTnTTTSTnH 4 «i m&jC. l^ili DOik MLENTMk STINGER i 1 Tel: 338 3393 Fax: 338 6820 Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rental of a wide
      224 words
    • 7 8 Editorial Obachi must act boldly, Pg 15
      7 words

  • Page 9 Advertisements
    • 116 9 GUCCI cz and INTERNATIONAL POLO EQUESTRIAN fc *yr BE THERE TO WITNESS IT ALL. I v W watch intense battles between top teams in polo, J and the precise harmony of rider and horse in dressage j/JF A and showjumping, you are invited to witness it The Rolex International Polo
      116 words

  • REGION
    • 375 10  -  Estrada promises to help airline draw up new rehabilitation plan From, Al Labita in Manila THE Philippine Airlines (PAL) last nightwithdrew its threat to close shop following President Joseph Estrada's closed-door huddle with taipan Lucio Tan. PAL senior vice-president Avelino Zapanta said
      REUTERS  -  375 words
    • 298 10 SINGAPORE Approach of peak season aggravates S'pore agents' woes AFP TRAVEL agents said yesterday they were scrambling to find seats for clients from Singapore to Manila with the imminent closure of Philippine Airlines (PAL) as the peak Christmas season approaches. PAL is one of only
      AFP  -  298 words
    • 475 10  -  From Shoeb Kagda in Medan MORE than a thousand farmers gathered outside the state governor's office yesterday demanding the return of land that they said was illegally appropriated by the New Order government of former president Suharto. Coming from various districts in
      475 words
    • 220 10 JAKARTA Govt panel may decide next week to press charges Reuters INDONESIAN government ministers will meet next week to determine the fate of banks which failed to meet a deadline to return huge loans from the central bank, the agency in charge of restructuring
      Reuters  -  220 words
    • 154 10 BANGKOK Reuters THAI Premier Chuan Leekpai is finalising a minor cabinet reshuffle in which some ministers from the government's six-party coalition will swap portfolios, officials said yesterday. The reshuffle foUows the resignation of Health Minister Rakkiat Sukthana following a scandal over the fixing of
      Reuters  -  154 words
    • 735 11  -  CHIXA WATCH Deepening deflation keeps pushing up real Interest rates By, Lu Ning CHINAS central bank is experiencing a sense of deja vu. It has already cut interest rates twice this year, yet it seems to be back at square one. Once again, it
      735 words
    • 231 11 HONGKONG AFP HONG KONG Telecommunications Ltd assured workers yesterday there would be no wage reductions or layoffs for the next 12 months, one day after withdrawing a controversial pay cut. Hong Kong Telecom chief executive Linus Cheung held out the assurance
      AFP  -  231 words
    • 353 11  -  He takes swipes at the ex-governor in reviewing his book From* Quak Hiang Whai in Hongkong HENRY Keswick, the chairman of Jardine Matheson who backed Chris Patten's reforms and who once described the Chinese government as a "Marxist-Leninist, thuggish, oppressive regime", has
      353 words
    • 505 12  -  Downward spiral continues as painful reforms postponed or sidestepped From. Jennifer Veale in Seoul SOUTH Korea may appear to be out of the economic woods while the rest of Asia is engulfed by crisis, but there is still no end in sight to
      505 words
    • 302 12 SEOUL Bloomberg SOUTH Korean unemployment hovered near a 32-year high in August as some people gave up looking for work in the face of the deepest recession since the *****. The jobless rate fell to 7.4 per cent last month from 7.6
      Bloomberg; REUTERS  -  302 words
    • 357 12 BEIJING Reuters A SENIOR Chinese economic minister yesterday guaranteed China would not devalue its currency this year and said government spending plans would ensure the economy grew at the targeted rate of 8 per cent. "I can guarantee that this year the
      Reuters  -  357 words
    • 214 12 TOKYO AFP JAPAN will implement stricter disclosure rules for banks from the current financial year and require them to report part of bad loans hidden at related entities, a business daily said yesterday. The Financial Supervisory Agency will urge all domestic banks to disclose
      AFP  -  214 words
    • 382 12 USYDNEY Beazley sets an ambitions 5% jobless target AFP Bloomberg Reuters AUSTRALIAN Prime Minister John Howard said it's "very hard to call" which party will win the national election scheduled for Oct 3. The main opposition Labor Party narrowly leads Mr
      AFP; Bloomberg; Reuters  -  382 words
  • Page 10 Advertisements
    • 296 10 Waiting til 1999 1 may be too late! I Many foreign subsidiaries have already received instructions from their Head Offices to ensure Year 2000 compliance for their payroll software by December 31,1998. (f you are still using a Non-Year 2000 payroll package, it is time you called us. We are
      296 words
    • 9 10 Will Saltm offload QAF, UIC, J Cement? Pg 19
      9 words
    • 89 10 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      89 words

  • Page 11 Advertisements
    • 284 11 I 4'. 'V 4 Ir V ■BWgran V t|P|| I Site n it f*<kk R R1 I ■bt"\«». §Pj *jg H OA. VI BFro i SI imHT WP x jfl vj From Singapore to Chiang Mai in 3 days. Pertormance Motors Limited East Coast Centre, |üBI 280 Kampong Arang Road
      284 words

  • Page 12 Advertisements
    • 34 12 *9-J*. v vY J c > t s' f > 0 If you're looking for an ultra notebook that's really ultra portable, you'll have to wait till September 28. Gateway Call Us Now: 800 6011 201
      34 words

  • THE WORLD
    • 493 13  -  SINGAPORE Model could be aid given to Mexico in 1995; Brazil could be early beneficiary By Larry Wee EMERGING market borrowers could get a welcome legup from G-7 central banks within the month, according to British research house IDEA. In a note
      493 words
    • 247 13 BRASILIA Reuters DOLLARS flowed faster out of crisis-torn Brazil on Tuesday, but the government appeared to be waiting for elections in 12 days before agreeing to a widely expected international rescue package, economists said. Dollar outflows, which peaked at US$2.9 billion (Sss
      Reuters  -  247 words
    • 362 13 KUALA LUMPUR Reuters US President Bill Clinton is not alone. The US is the world's most unfaithful nation with one in two Americans polled confessing to at least one infidelity, according to a global sex survey released yesterday by Durex condoms. The Americans were
      Reuters  -  362 words
    • 57 13 [PARIS] A worker checking rows of bicycles parked near the Town Hall here on Tuesday. Parisians borrowed the bicycles in the first such one-day experiment in 35 French cities where cars were restricted from some downtown areas. The action was hailed by environmentalists who said it would
      REUTERS  -  57 words
    • 433 13 LONDON But curb only speculative inflows, not FDIs, portfolio investments, it says Reuters LIMITED capital controls are beginning to find grudging support in the free market bastion of the Economist Intelligence Unit. Robin Bew, chief economist at the economic thinktank, said many small
      Reuters  -  433 words
  • Page 13 Advertisements
    • 88 13 World needs a hand on its economic rudder, Pg 15 Got Freight? vTARAT) Walang Problema. 4 Need to get your freight worldwide? As we say in the Philippines, no problem! Because with our own fleet flying in and out of Manila daily, there are no third parties invplved. So there
      88 words

  • Page 14 Advertisements
    • 87 14 ■k l I I I I over 60 design awards since the *****, and several environmental conservation awards, including The presence or Hansgrohe in Singapore will enable the corporation to continue enhancing OUR HEARTIEST CONGRATULATIONSI t M lrter u n 9 ate c, s Suppliers Pie lid Hemsley Holdings Pte
      87 words

  • EDITORIAL & OPINION
    • 682 15  -  THB BOTTOMLDVE OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent OVER the past couple of weeks, the calls for a thorough investigation into former Indonesian president Suharto's alleged wealth have become more strident From the initial call for Mr Suharto to
      682 words
    • 149 15 'An honest man who is capable. Not a genius. I am not expecting a fair copy of myself.' Malaysian prime minister, when asked what he looks for in a successor. 'If our expectations, if our fondest prayers and dreams, are not realised, then we should all bear
      149 words
    • 653 15 EDITORIAL JAPANESE Prime Minister Keizo Obuchi's administration has become discredited to the point of being unviable, barely two months after taking office. Unless he quickly takes the reins of power firmly and ceases to defer to the whims of the parliamentary Opposition, there is no doubt
      653 words
    • 1084 15  -  Only global central bank can prevent destructive business cycles and maintain financial stability By, Jeffrey Garten The writer is dean of the Yale School of Management and the author of "The Big Ten: The Big Emerging Markets and How They Will Change
      FILE PHOTO  -  1,084 words
    • 1050 15 CUnfeoo's global duUlongß WHERE would Abraham Lincoln have been without the Civil War, President Clinton reportedly has mused to his friends... Now, with his presidency in danger, Mr Clinton has found his issue, maybe his hour. Financiers who once swore by deregulated capital markets beg for
      1,050 words

  • MOTORING
    • 466 16  -  KL's new currency control measures erode earlier forex advantage By" Christopher Tan [SINGAPORE] IMPORTERS of made-in-Malaysia cars are expected to face higher costs on the back of the country's new currency control measures. Currently, two brands are imported from across the Causeway, with
      466 words
    • 282 16 [SINGAPORE] A plan to bring in Proton Wiras as taxis has been shelved for the moment. Twenty of the Malaysian cars were supposed to have been imported in March for Comfort Transportation, the taxi-operating arm of listed Comfort Group. But according to sources at
      282 words
    • 252 16  -  By Christopher Tan [SINGAPORE] For the first time, earth pressure balance tunnelling machines will be used extensively in a Mass Rapid Transit (MRT) project. The machines minimise soil movement as they maintain constant pressure in the tunnel. They are also quieter
      SIEW YAW HOONG  -  252 words
    • 211 16 [SINGAPORE] The Freelancer was unveiled last week onboard the frigate HMS Grafton, amidst free flowing champagne and a full-spread English breakfast no less. The "baby Land Rover", with a 1.8-litre Rover engine, is priced competitively despite being from the land of the high pound.
      211 words
    • 89 16 [SINGAPORE] Executive assistant Tina Ho has won a brand new Peugeot 306 sedan ($60,000 without COE) in Comfort's "book a cab, win a car" campaign. Ms Ho, a non-driver, will be selling the car, which comes without COE. Comfort's three-month campaign drew
      89 words
    • 1209 16 Average OMV of cars registered in August MOOHAMDE CC MEOMVA AUOIA316A 1J0B6 22,458 AUDIA418A 1506 25.730 AUDI80 2 0E A 1384 16,782 AUDIA52AA 2508 47.361 AUMA625A 2,771 8M07 BMW 3"9A/40P 1,606 27.778 MW3iaAC*eRO 1.796 ***** MMT3iaM0R 1,806 ***** BMW310W4CR 1806 36,173 BME320MOR 1301 ***** BMW520A ifl0i *****
      1,209 words
  • Page 16 Advertisements
    • 328 16 iiiiirefflMl 5 K c -Ilislslil HP* 1^ 4 The First Dashboard CD Changer! Now for the first time Philips puts the car CD changer within With the most advanced D/A converters and 8x easy reach of the driver. Designed to fit any standard dashboard oversampling, it provides outstanding sound reproduction.
      328 words
    • 7 16 Bumper To Hamper hu been held over.
      7 words

  • Page 17 Advertisements
    • 380 17 Ma't kiw? I ru4 it ia Cats' Mews/ CiHk C«1«' Mm ii Siidif CimlfM Hilt mlmi. J CAT A Where to wine, dine and entertain../""? W i|QQSSS^^^&SI^3I' 15 September to 5 October Savour deliciously baked mooncakes from Si Chuan Dou Hua Seafood Restaurant at Plaza Parkroyal: I Lotus Seed Paste
      380 words
    • 106 17 Experience the wonders of BORDEAUX at Top of the 'M' Revolving Restaurant 17-27 September 1998 TOD Please call 831 -6258/88 OfMfe for your reservations Spomon PKOTkS T*~Vu £U Re vol v I c Kw—fl L'OUcau Bleu Rcitawraat Mr w Bordeaux (France) Ntk (loot Mandarin St/uja/xvr 333, Orchard Road, Singapore *****7
      106 words
  • Page 17 Miscellaneous
    • 738 17 TVvRADIO rmininr n 19 7.00 News 5At Seven. 150 TV Champion. 7.30 Home Improvement— 4.40 The Great Wall of Chi--130 TV Innovations. The Niece. na. 4.00 Kidz Blitz: Sesame 8.00 Phua Chu RangPte Ltd 5.00 Architecture In Shang- H Street. Red Packet Day (See hai. 5U>O The Silver Brumby. Our
      738 words
    • 208 17 CRYPTIC CROSSWORD 10 Nail used by a dressmaker (4) 13 Easy to ensure that father Hh|h jH^Hf 15 Ideal headgear for explorer in 16 Murray's eyeglass (4) 17 A married chap has capital (5) 16 I I I 18 They're fools to make conces20 Refusal to trade round Isling21 Songs
      208 words

  • Page 18 Advertisements
    • 128 18 HONDA A Car Ahead fc. Tt *'.>"*• t X. f* •_>. ifw" Think space. e# Think luxury. r i i Think the new Odyssey 2.3 VTEC. )on know how \yunl Ihe Klv s\/ r/s in Icnn s <>/ \/r////« N <///</ n/»</< <. ir//w/ mokt \it 'truly ycut is it\
      128 words

  • COMPANIES & MARKETS
    • 596 19  -  Group's debt accord would see it handing e?w shares in about 100 companies to Indonesian gwt By' Wong Wei Kong [SINGAPORE] An agreement reached between Indonesia's Salim group and the Indonesian government this week, which would see the group hand over its shares
      596 words
    • 239 19  -  By Diana Oon [SINGAPORE] Specialist engineering contractors L&M Group Investments slipped into the red, reporting $6.6 million in net losses for the first half of this year. This compares to $609,000 net profits a year ago. L&M's directors said the losses,
      239 words
    • 452 19  -  By\ Siow Li Sen [SINGAPORE] Singapore Telecom faces difficult times ahead but its proactive management gets the thumbs-up because it has been able to match competition and come out ahead, said PrudentialBache Securities telecoms analyst Rohit SobtL Mr Sobtl recommends accumulating Sing Tel which is
      452 words
    • 225 19 Interim net Ims «f $4J9m against a Sim gain previously [SINGAPORE] Deteriorating margins as a result of the regional crisis saw Super Coffeemix plunge into the red with a net loss of $4.19 million for the six months to June 30. This compares with
      225 words
    • 813 19  -  lIOCK LOCK SIEW R Sivanithy IT'S been two weeks since the Singapore International Monetary Exchange launched its futures contract on the Morgan Stanley Capital International Index for the Singapore stock market While it might be a bit too early to
      813 words
    • 241 19 {SINGAPORE] SM Summit saw its interim earnings fall 55 per cent to $2.05 million from (4.56 million last year as demand for compact discs fell amid the regional currency crisis. Turnover for the six months to June 30 fell 12
      241 words
    • REGIONAL COMPANIES
      • 703 20  -  Netearnngifallto HKs9o&7mas provision was bigger than expected Fromi Quak Hiang Whai in Hongkong NG Teng Pong's Sino Land Co yesterday unveiled a 51 per cent drop in net profit for the year to June 30, 1998, after making a bigger-than-expec-ted provision for
        703 words
      • 265 20 Reuters [SHANGHAI] China's stock market watchdog has issued rules governing trading of mutual funds, limiting an investor's holdings in a single fund to less than 3 per cent of the fund's total assets, the Shanghai Securities News said yesterday. Under the rules drafted
        Reuters  -  265 words
      • 326 20 Bloomberg AFX-Asia [KUALA LUMPUR] Malaysia's Hong Leong Bank posted a 89 per cent plunge in profit for the year ended June 30 to 10.5 million Malaysian ringgit (Ss4.B million). Earnings per share fell to 7 sen a
        Bloomberg; AFX-Asia  -  326 words
      • 194 20 Bloomberg AFX-Asia [KUALA LUMPUR] Telekom Malaysia Bhd borrowed US$6O million (*****.8 million) in an interest-free Islamic loan, making the company one of the first to raise money outside the country after Malaysia imposed restrictions on capital (lows. The five-year loan was arranged by Standard
        Bloomberg; AFX-Asia  -  194 words
      • 526 20 Sentiment not helped by firm's meeting with bondholders Bloomberg [WELLINGTON] Brierley Investments Ltd shares yesterday fell to a record low as the value of some of its biggest assets declined further, limiting the investment company's chances of reviving its flagging performance.
        Bloomberg  -  526 words
      • 274 20 Reuters [KUALA LUMPUR] Malaysian power utility Tenaga Nasional said yesterday that it plans to restructure its electricity generation subsidiary, TNB Generation Sdn Bhd. "We hereby confirm that TNB Generation Sdn Bhd is planning to restructure its generation unit," Tenaga said in a statement
        Reuters  -  274 words
      • COMPANY Briefs
        • 70 20 [SINGAPORE] Rotol Singapore said it has received in-principle approval ftam the stock exchange to move to the mainboard, at a date to be announced later. As of yesterday, the company has an authorised capital of Ss3o million compriaing 200 million ordinary shares of 10
          70 words
        • 118 20 AFX-Asia [BANGKOK] The Securities and Exchange Commission la studying details of a proposal to introduce capital sains tax on transactions at the Stock Exchange of Thailand, the Bangkok Post reported, quoting SEC deputy secretary-general Prasarn Trairatvorakul. However, if implemented, the tax would likely be
          AFX-Asia  -  118 words
        • 102 20 AFX-Asia [JAKARTA] PT Astra International president Rini Suwandi said the management's decision to lay off 2S£OO employees was part of efforts to restructure debt "Aa part of debt restructuring, the Astra Group did not extend contracts of 20,000 workers and approved applications Jbr early
          AFX-Asia  -  102 words
        • 59 20 Bernama [KUALA LUMPUR] Affin Holdings recorded a group consolidated pre-tax operating profit of 55.7 million Malaysian ringgit (Ss2s million) for the first half; down from RM234.3 million achieved a year ago. The company said the poorer performance was due to an increase in loan provisioning. Group
          Bernama  -  59 words
        • 85 20 Bernama [KUALA LUMPUR] Malakoff Bhd is expected to obtain a total of 190 million Malaysian ringgit turnover from land reclamation works at Lekir near Sitiawan for Tenaga Nasional Bhd's coal-generated electricity project. Physical works on the 400 ha reclamation land is scheduled to be
          Bernama  -  85 words
        • 76 20 Bernama (KUALA LUMPUR] UAC Bhd. a building and construction firm, recorded a group operating profit before tax of RM27.9 million for the year ended June 80, slightly less than the RM28.2 million it posted in the previous year. Turnover, however, improved 81.8 per cent t0RM219.7
          Bernama  -  76 words
    • INTERNATIONAL COMPANIES
      • 406 21 Quadrupling seen as tiie number of users Is rising foster than forecast Bloomberg Reuters [HELSINKI] Nokia Oyj, the world's No 2 wireless phone maker, said it expects the number of mobile-phone users will quadruple to one billion in the year 2005. While the
        Bloomberg; Reuters; Source: Bloomberg  -  406 words
      • 333 21 Reuters [SEOUL] A second auction for Kia Motors and sister firm Asia Motors was cancelled yesterday and a fresh scramble is anticipated for the highly indebted Korean car firm. "All bidders asked for additional write-offs of debts," said Kia spokesman Kim Sam Sung. "The tender
        Reuters  -  333 words
      • 240 21 Reuters [STOCKHOLM] Swedish telecoms group AB LM Ericsson confirmed a report yesterday that some of its handset models were faulty but said the problem had been fixed. "The problem affected about 10 per cent of the production of the 688 and 788 models until
        Reuters  -  240 words
      • 324 21 New models to fight rivals in holiday sales season Bloomberg (HOUSTON] Compaq Computer Corp has introduced new home computers starting at U551,199 (552.075), cheaper than some rivals, as the No 1 personal computer maker looks to lure buyers in the important holiday
        Bloomberg  -  324 words
      • 156 21 Bloomberg [SANTA CLARA, California] Networking company 3Com Corp's first-quarter profit fell 49 per cent, hurt by price cuts on modems and other lowcost equipment that links computers tq the Internet. Profit before a gain in the quarter ended Aug 28 fell to US$B6.7 million (*****.2
        Bloomberg  -  156 words
      • 170 21 Bloomberg YORK] Lehman Brothers Holdings Inc said yesterday that third-quarter earnings fell 23 per cent from a year ago after the company suffered trading losses in tumbling global markets. Lehman, the fourth largest US securities firm by capital, said net income for
        Bloomberg  -  170 words
    • FINANCE & COMMODITIES
      • 399 22 Talks show how slump's forcing industry to do a radical rethink FT [LONDON] Around 20 of the world's biggest oil companies are due to meet next week to discuss the crisis in the industry, which is reeling from a slump in
        FT  -  399 words
      • 206 22 Bloomberg [LONDON] Barclaycard, the credit card business of Barclays pic, said it will cut about a quarter of its staff and increase spending in technology as it strives to retain its UK market leadership. Barclaycard said it will cut 1,100 jobs over
        Bloomberg  -  206 words
      • 43 22 [BERNE] Bank note designer Joerg Zintzmeyer displaying the new series of Swiss bank notes after a press conference here on Tuesday. The Swiss National Bank presented a new 100 Swiss Francs note which will be available from Oct 1. REUTERS
        REUTERS  -  43 words
      • 440 22 Least hit of US investment banks; may delay IPO Reuters, Bloomberg Reuters [NEW YORK] Investment bank Goldman Sachs Group Inc, scheduled to go public in November, on Tuesday reported a 19 per cent drop in its third-quarter pre-tax profit to US$754 million
        Reuters, Bloomberg; Reuters  -  440 words
      • 266 22 Bloomberg [WASHINGTON] US commercial banks reported record profits of US$l6.l billion (5527.9 billion) in the second quarter, although the Federal Deposit Insurance Corp (FDIC) warned that the string of heady profits is poised to end. Earnings of the nation's 8,964 commercial
        Bloomberg  -  266 words
      • 314 22 Reuters [MACAU] Asian insurance regulators, facing a wave of insurer failures, could relax solvency limits to help ease companies through the economic crisis, an industry leader said on Tuesday. "They will not necessarily be lowering the margins, but they might look at levels more
        Reuters  -  314 words
      • 186 22 SOtEKßeport Reuters [SINGAPOREJ Simex Eurodollar futures firmed yesterday as the market continued to bet on a US rate cut in the near future. "The market looks very bullish. People have been buying Eurodollars for the last few days because there's a chance
        Reuters  -  186 words
      • 172 22  -  MSCX TAIWAN FUTURES Ms Cecilia Loh Ms Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures lost 3.60 points on profit-taking yesterday. The key stock index dipped 71.82 points as investors were not sure whether the proposed merger between three government-controUed banks
        172 words
      • 274 22 ENERGY REPORT Reuters Bloomberg [LONDON] IPE Brent crude oil futures shed gains in afternoon trading yesterday in profit-taking triggered by news that the St Croix refinery was preparing to restart. Operator Amerada Hess said its huge Caribbean refinery, shut down by a hurricane on Monday,
        Reuters; Bloomberg  -  274 words
      • 271 22 AFX-Asia AFP Loa4oa THE dollar was off its highs in afternoon trade, with the market sidelined by Federal Reserve chairman Alan Greenspan's testimony to the Senate Budget committee on Asia later in the day, dealers said. They said the market is eagerly waiting for Mr Greenspan's testimony in
        AFX-Asia; AFP  -  271 words
      • Article, Illustration
        1016 22 IWTBEBAMK OQ8S EATB8 11 'i V *s c$ >■> ten nr tm m hubi-m v« wm m n$m*> i tt imi m 0 882 6178 0 495 3.260 0 972 4.466 ***** 64.119 0.787 8.083 2.190 1.171 3LWt tlim fl«4T XA» fl»M n*K. Ttm'am Cm* 1133 1421 0.561 3.695 1102
        1,016 words
    • 1409 23 SI COM iutukES Sep 23 mKRMw«ds(i^«itUOfa> mwmmcKM* cm. vm <*• U« HM (tw—rt fctomt j»* QUO 1000 122.50 BUS 310 850 *K* 124.00 1470 K6.50 1950 2S?« S-2 ***** 190 ISS 3 CONTBACT (US cMfe/tqj VotwM Oma M-»> mn U» S«t dww) hrtOTrt OdM r~" 7t25 K»5 72.00
      1,409 words
    • 1912 23 h>U >■» *h 31 Group 510.000 >15.000 AB Pom 250.000 -2400 AMoy National 1109.000 J.OOO Alliod Dofltacq 420.000 ****** Am* 150.000 4.000 AsdaGroup *****0 3.400 BATM 445.000 ***** BGPIc 375*200 1.600 WCC 65.000 -5*000 BOC Group 760.000 -3400 BO PstroNwn 878.400 27.400 rra m.4oo *1400 Banko(Scotland 609.000
      1,912 words
    • Article, Illustration
      1427 24 Reuters W Hang Seng ♦jjjMS STOCKS enjoyed a robust rally yesterday, led by activity in the futures market where some brokers suspected the government might have been active ahead of the expiry of September index futures next week. The Hang Seng Index closed up 130.88 points at 7,504.39, boosted
      Reuters  -  1,427 words
    • Article, Illustration
      559 24 Reuters PI Shanhaa Blade* +OJ4 SHENZHEN'S B shares inched to a higher close in slim trade yesterday, with most investors on the sidelines awaiting policy news from Beijing, analysts said. The B Index gained 0.14 of a point, to 63.95 on turnover of HKS6.9 million. "People are reluctant to
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  559 words
    • 347 24 AFP Dtp latex -TUQ TAIWAN share prices fell one per cent to below the 7,000point resistance level yesterday as institutional investors locked in profits, dealers said. The Weighted Price Index dropped 71.82 points to 6,962.17, following a 0.1 per cent rise in the previous session. "Institutional investors adjusted holdings
      AFP  -  347 words
    • Article, Illustration
      672 24 AFP PCbmnoßtohlg +L 37 INDONESIAN shares yesterday closed 0.5 per cent higher, with the market focused on blue chips following an asset-for-debt deal with the government, dealers said. "Market players generally focused on Gajah Tunggal, Astra International, Indofood and Lippo group shares," a dealer with a state brokerage said.
      AFP  -  672 words
    • Article, Illustration
      764 24 AFP n SET laic +BJ4 THAI shares rose sharply at the close yesterday, adding 3.6 per cent on speculative buying in major issues and banks, dealers said. Analysts said there were some local leads as well as reactions to the meeting in New York between US President Bill Clinton
      AFP  -  764 words
    • 250 24 AFP nimu *am PHILIPPINE share prices closed 3.2 per cent higher yesterday as investors picked up bargains. The Philippine Stock Exchange Index gained 36.39 points to 1,159.69. Turnover fell to 252 million shares worth 794 million pesos. Philippine Long Distance Telephone Co rose 30 pesos to 800.—AFP Manila Mining
      AFP  -  250 words
    • 350 24 AFP POompoatolilei -OJB SHARES inched down yesterday despite retail buying of Samsung Electronics, dealers said. The Korea Exchange Index closed down 0.68 of a point at 291.93, off a low of 287.46. The won was trading at 1,399.00 to the US dollar. The benchmark corporate bond yield was up
      AFP  -  350 words
    • 561 24 AFP HADOrtmtriM *312 AUSTRALIAN share prices gained 1.5 per cent yesterday with the upcoming expiry of September options considered the major force behind the surge, brokers said. The All Ordinaries Index rose 39.2 points to 2.573.6. National turnover totalled 391.15 million shares worth AJ993.29 million. The All Industrials Index
      AFP  -  561 words
    • 249 24 AFP QWeDmgtoo -10J7 NEW Zealand stocks were down 0.6 per cent yesterday with troubled Brierley Investments Ltd (BIL) slumping to an all-time low. The NZSE-40 Index lost 10.17 points to 1,700.22 on turnover of NZ$81.7 million with BIL losing six cents to close at a record low of 38
      AFP  -  249 words
    • KUALA LUMPUR STOCK MARKET
      • 7825 25 j MMfflVMULS CoMUNMr products l«M Last Vol Day Met Cap mgb Lew Company Slit 'OOP High Law P/t $mH 310 170 Ajlnometo 205 -4 3 205 205 TU 83.1 148 35 Angkasa 57 -4 37 61 55.5 13 84.0 290 123 Apollo Food Hlg 176 2 7 180 176 6.1
        7,825 words
      • 378 25 AFP Bernama fl Composite Index -9J9 SHARES fell 2.4 per cent yesterday on concerns over central bank measures to ease bad loan problems and a ratings downgrade. The Composite Index edged down 9.19 points to end at 376.26. The Second Board Index lost 0.82
        AFP; Bernama  -  378 words
    • WARRANTS&OPTIONS
      • 2325 26 tftttn. iirrnt t mmmts W V. X.. 1998 Lad Vat Oa* La1Q»i*a **J Htpk Uw »M CMNny POOP) Hm> U» 8«yar 20.5 3 3160 *Actr ******1 USS 4.5 4 5 95 5 3164 Acmj ******4 7 -0.5 8 7 7 7 15 8 3161 MTach ******7 28.5 *"*"1. 18 0.5
        2,325 words
      • 226 26  -  WARRANT WATCH By R Sivanithy IN yesterday's column, we highlighted the thriving covered warrant sector in Australia, where new products are regularly introduced. Apart from calls and puts on individual stocks, investors also have at their disposal index warrants to choose from, all with different
        226 words
      • 191 26 honckom stocks »r<fr«*.. Or Or 1998 Lad V«t Day LaatOaata Mr Dtr TM M M Cm Hl» Ut Km Ciniinf Mt» COOP) >■» La» —V» 1 CW M M 400 250 5123 COL (2000) HK 400 3M 80 t4 2JO 203 7744.7 5124 C4MwyftK20cHK_720 2MJ0 2.1 7,4 6.0
        191 words
    • 5510 27 Transaction date: S«'p 2J Or Or mm t*M Last VI Day LMlOwtt Oh M« VN IM Cap Avg 1*01 taw Mm Campawy W» fOOC) wm» U» Owyar HO Cw >/l lw Wc« IWIMMFISV f~| 39&HF! 142 49.5 ml WOO AcmaSOc 57.5 -1 34 50.5
      5,510 words
    • 989 27 hh» u» h* mrni uS *h rown cv w £XmS *82 48 I 2051* ASJ 50 Ik* 50 SO 5 w" 5 15" 103 LO 93 410 57 260 99 *2001 Aiiomatrti SOc 126 124 316 00 J* 2 2002 AitachSc 173 «H iM ,*5 17 17 T73 4.0N
      989 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        195 28 mm STEnggKk 10,600,000 I Res WtOI 3,754,000 KappaiCorp 3,426,000 Kappal LamtSOc 3,336,000 STIC 25C 2.950,000 WC 2,875,000 Partway H 50c 2.861.000 Partway Wt98 2,680,000 StagTai 15c 2,497,000 omwi 2.486,000 Stacta STEnggWc 17,122,894 SPH 7,960,055 SIA Foreign 7,936^50 SingTai 15c 6.851,118 Kappai Corp 6.129,110 Partway N 50c T 5477,010 0C8C Foreign
        195 words
      • 667 28  -  STOCK MARKET COMXBMTAKT STI gains 4.67 points to keep nose above 900, bat advance-decline score excluding foreign currency issues was 68-144 By R Sivanithy [SINGAPORE] Lack of overseas direction and a general slowing down In trading of all regional equities
        667 words
      • ON THE GRAPEVINE
        • 110 28 UNITED Overseas Bank's 221 (tele-banking) account-holders will be pleased to know that as of June this year, club. The bank has not opened any more 121 accounts since then, and its officers offer this sweet euphemism to turn away are no longer promoting this account", and the only
          110 words
        • 86 28 f§ SINCE opening a year ago, Great World City has attracted its share of shoppers and food lovers. But many motorists have grumbled about the "expensive and unreasonable" car park charges in the complex during Sundays and pubUb holidays. For instance, they charge ti per hour from
          86 words
        • 59 28 AT least they haven't lost their sense of humour. Ousted leader Anwar Ibrahim's camp has been churning out "reformasi" come up with reform aai headbands and T' postcards distributed on Sunday bysupporters of Mr Anwar, who has been detained under the Internal Security Act yßte cards are
          59 words
        • 64 28 A BIUT13H clairvoyant says that 'Ofjf newspaper headlines early In the next millennium will blame Monica Lewinsky lor distracting the 4i9 serious problems in Ruajjfc Afthimtattfc i < Italy aa6K<*Mn. fret* described in t Reuters wire report as bavinga accurate prophecies, also predicts exceeding*!* million ft* m Germany,
          64 words
      • Article, Illustration
        72 28  -  by Ven Sreenivasan PARKWAY Holdings fell 16 cents yesterday. Although the stock could (all further in the next few days, the technicals suggest that it should make its way back to its medium-term support level of 52.00 before too long. But a lot will depend on whether the
        72 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 32 20 < II i 4 -A I r, 1 If you're looking for an ultra notebook that's really ultra light; you'll have to wait till September 28. Gateway Call Us Now: 800 6011 202
      32 words

  • Page 21 Advertisements
    • 544 21 i y .1 i Even the Kaiser of Germany had to wait a whole year It's always worth the wait. for his Lange watch. •.•t!■* < V The Kaiser Wilhelm watch by "A. Lange 4 Sfthne". The LANGE L When Kaiser Wilhelm made a state visit to the Hie first
      544 words

  • Page 22 Advertisements

  • Page 23 Advertisements
    • 39 23 +The Tokyo market was closed yesterday for a holiday The secret of success 15... Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799. C-A-t-S.
      39 words



  • Page 26 Advertisements
    • 147 26 BUSINESS <)t ICC lo .KlMi tisi call t<»ll till' IXOO-741 ISN.J IN THC HATTER OF THE COMPANIES AfT, CAP 50 ANO IN THE MATTER Of TECH MAR MARINE SERVICES PTE LTD (In Membera'VoluwurT I Iquldetlon) NOTICE Of FINAL MEETING NOTICE 5 HEREBY GIVEN (hat pursuant to Section 308 of (he
      147 words
    • 117 26 IN THE MATTER Of THE COMPANIES ACT, CAP 5« ANO IN THE MATTER Of PINNACLE PROPERTY CONSULTANTS PTE LTD (In MttAw i'Vplumwy Liquidation) NOTICE Of FINAL MEETING NOTICE HEREBY GIVEN that pursuant to Section 308 of the Compenies Act Cap. 50 that a Final Meeting of the inamberi of the
      117 words
    • 122 26 IN THE MATTER OF THE COMPANIES ACT, CAP M ANO IN THE MATTER Of LEE SIANG GARDEN fOOO CENTRE PTE LTD n_".■- I IVI I Ril I I TWUnVAfJ NOTICK Of FINAL HKTIHG NOTICE IS HEREBY GIVEN chat pursuant co Section 306 of cha Companies Act Cap. 50 chat a
      122 words
    • 117 26 UNISTAR INDUSTRIES PTE ITD NOTICE OF SPECIAL RESOLUTION NOTICE IS HEREBY GIVEN that at aa extraordlaary general meeting of the Company daly coaveaed and held oa the 14* dajr of September 1998, the following opedal reaolatioa wan pawed: That pursuant to 290 (l)(b) of the Companies Act (Cq>. 50) the
      117 words
    • 7 26 Turn to Page 28 for more Notices
      7 words


  • Page 28 Advertisements
    • 645 28 BUSINESS \nt/CCS lo iidvtiliM- i ;ill lull-live ISOO-741 ISS.< BALANCE SHEET STATEMENT OF INCOME (BANKING ACCOUNT) (BANKING ACCOUNT) (as of December 31,1997 and 1994) (for each years ended December 31) 19*7 W ItfT IffT (in MHiions) (in Millions) (in Millions) (in Millions) Won Won Won Won AmoC Incomt Cash and
      645 words
    • 503 28 IN THE MATTEB Of TIE COMPANIES ACT, CAP. SO AND IN THE MATTE* Of CEBE METALLI'BCICAL PIT LTD (la ■■tin'jj li^ililin) NOTICE OF KESOLLTIONS Al aa Kilrnriiatry C»nl Miiliat 1f ike ■(■bin cf ike ikcvMtwd (.Mpm duiv mmmmk mi keid at W t*tm Bnd*> "aad M dam ww Pa.at ISMU
      503 words
    • 848 28 M THE MATTER OF THE COMPARES ACT, CAP. SO CfTY PLAZA ELECTROMART PTE UD (In MenbarsVWiatfary Uqutdeboni Al an Extraordbary General Mseknq oI tha company dsemed to be held on 2309-19 M tolowing rwoMions wore duly psss6d h> SFCCUL RESOLUTION *TIhI N be wound 141 vdunlvl^* OROMARY RESOLUTION "That Mr
      848 words
    • 44 28 BUY it SELL; FIND it Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. i i TS i I Hi li&k HOO-73W166 (•H I*4*t f»f
      44 words

  • SHIPPING TIMES
    • 325 29 Bridge News Reuters THERE seemed to be a widespread rumour of a second ship fixed at a high US$B,OOO daily for a voyage from the east into the Atlantic, although full details failed to surface. This is apart from the 1997-built, 72,517-dwt Ever Blossom which on Monday established
      Bridge News; Reuters  -  325 words
    • 227 29 CWT IMMfton —0.28 -0.005 52 CMianHwp 0.33 -act 71 Caaco bWMtnMnt _0l40 inch 9 FMflLMs OSS -0.005 688 CSHotdbifs 0.23 «O01 15 HtfSwiHup 0J0 -aoi 101 hrkmzmw a5o -aoos 22 IMC HaMnqs _MK 5.60 JayaHoMm 0.42 undt a JnranoSMfearil_5J0 -030 284 KatpaiCar* _179 unch 3426 KappaiFtU 175 -003
      227 words
    • 503 29  -  Visit next month will be first in a series to discuss combined regional approach to reducing attacks By] Marcus Hand [SINGAPORE] As concern in the shipping industry mounts over the increasingly violent pirate attacks against merchant ships in South-east Asia, the International
      503 words
    • 109 29 AFP [TOKYO] Japanese shipyards continued to suffer a sharp decline in export orders in August when they won contracts for nine vessels totaling 505,600 gross tonnes, an industry group said. The figures compared with 19 vessels totaling 771,490 gross tonnes a year earlier,
      AFP  -  109 words
    • 86 29 [SINGAPORE] Since operations started at PSA Corp's new Pasir Panjang Terminal (PTT) last October, over I,4oovessels have called. Four berths are now operational at the stateof-the-art terminal and another two will be completed and operational by next year. Each new berth has annual capacity 0f750,000 TEUs,
      86 words
    • 710 29  -  MEWEUILDS By. David Hughes THE latest figures from UK-based classification society Lloyd's Register (LR) show that the number of new orders increased in the second quarter of this year but the total backlog is nevertheless below last December's level of 56.6 million gross
      710 words
    • 398 29  -  SSA to continue working with govt agencies to tackle problems: chairman By Marcus Hand [SINGAPORE] The outlook for the shipping industry is likely to "remain uncertain" in the immediate future, according to Singapore Shipping Association (SSA) chairman Lua Cheng Eng. "Our industry is facing
      398 words
    • 190 29 AFP [MANILA] Philippine marine officials said yesterday they were suspending the operations of seven ferries from the same stable as the vessel that sank last week leaving more than 100 dead or missing. Maritime authority general manager Rick Romero said the seven Sulpico
      AFP  -  190 words
    • 134 29 Reuters (LONDON] British port operator Mersey Docks and Harbour Co said it has invested US$2 million (553.4 million) in a Kenyan company which will develop a bulk grain and fertiliser terminal in the Port of Mombasa. Grain Bulk Handlers Ltd will boost the
      Reuters  -  134 words
    • 1028 30 MARITIME SAFETY Major initiatives such as better ship design have contributed to this, Lloyd's Register official tells Martech '98 [SINGAPORE] Maritime safety, with particular emphasis on ships that experience an actual total loss (ATL), appears to be generally improving. This is based on statistics
      FILE PHOTO  -  1,028 words
    • 225 30 PAOC Ojak Lloyd 4 ACL 6 Oongnama 3 •MIL 3 5 Accord 5 E»«fflreen 6 Appenship 5 FooogSw 8 i Astro 3 G Link 4 Austral 8 Gemartrans 8 ISA 7 Genstipg 6 B'tangMas 8 H*i Son Hup 8 CCNI 7 H«ngN 7 CMA 8 Hanjin 3
      225 words
    • 18264 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Atfvartnar ««ul Voyaga ToMpfcOPO ETA ETA AdvartlMr V**aal Voyaga TaMpfcona SIN Dait'n Nam* Nama Kkjmbar Numbar SIN Dait'n Nama Nama NumPar Numb* am 30/10 cosco xianghe owe tmtuoo To ABIDJAN (ABJ) 2003 Cot* D'lvolrt ov« m» nyxm san pablo m ts-imw 28*9 03/n
      18,264 words
    • SHIPS IN PORT
      • 663 41 Vwsti Voy Wo Bfth Arrhm Otparturt J»I1 Nrt J** 1 n J12 am*** 24.09/1000 *****6 J01 ♦kxxjskI. 23.09/2200 KHindlJ«y *****6 J01 tonptt• 24.09/0130 M IWur *****8 JOI 24 09/0600 Nw«*m2 *****6 J01 JtoflgMfe 24.09/1000 P H4T4M* *****6 J01 Mn«M* 23.09/2300 «Wr 0S0996 J01 Montsidt 24.09/0230 C Frogrns 23/09
        663 words
      • 1676 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Book log/Balanct Rstls SMp Voy No Etb/Btr Portod From To From Au Otm *02 2WOO U 21/1500 21/1*51 21/1*M osi m/boo w 21/500 am5* u/noo 21"500 23/KM ivmo U 21/1700 24/0*51 24/0*00 a 21/<70C 24/0*59 24/0*00 1 24/0700 J4.~59 2
        1,676 words
      • 187 41 top IS Japan: Autumnal Equinox Day. lap 34 South Africa: Heritage Day. ■epK Hong Kong: Chung Yeung Festival. TbiuxM: Teacher's Day. Oefel China: National Day. Hong Kong: National Day. Oeia China: National Day Holiday. Hong Kong: National Day Holiday. Ml Germany: Day of German Unity. South Korea: National
        187 words
      • 508 41 TStrstssaa ssrjsw&ii prion fcr t mora oomprahanalva daacr iption of ma hM Prion ahown ara baaad on avanw*alndatam Martot movamanti art ladica:*: Th» Cockatt Bun tor Prtca Indat chanm and tha Individual chantn la tha eolurana ara taaad on tha pravioua raport All Indlon ara baaad
        508 words
      • 458 41 wnm tttt it un ju U.Uf *«9 17 P.mtty W««f htKw Art kkmMm KoatmUS 1 4 12 3 3 0 735T 3«0 808J OJ 154 0.07 20 043 im mo Mu m» o.» n.4 on 54 o.n «8/M»i %»A %M/M w -aw Wc mow 635 14
        458 words
    • AIR&LAND TRANSPORT NEWS
      • 168 42 Bloomberg [NEW YORK] Boeing Co chairman and chief executive Phil Condit said he expects third-quarter aircraft deliveries to be the same as or slightly lower than in the second quarter. The world's largest aircraft maker delivered 139 planes in the second quarter. Analysts
        Bloomberg  -  168 words
      • 149 42 AFP [NEW DELHI] Private Indian airlines, most of which failed to even take off, owe the government 1.4 billion rupees (5552.5 million), the United News of India (UNI) said yesterday. A special parliamentary committee has directed the Civil Aviation Ministry to prepare
        AFP  -  149 words
      • 368 42 Com Air, Continental, Midway, US Airways receive letters from Food and Drug Administration Bloomberg [WASHINGTON] Four US airlines received warnings from the US Food and Drug Administration after recent inspections revealed inadequate handling of food and water supplies. Com Air Holdings Inc
        Bloomberg  -  368 words
      • 290 42 Reuters [NEW DELHI] Hyundai Motor India Ltd unveiled a new car called Santro to challenge the dominance of Maruti Udyog Ltd in India's US$3 billion (555.2 billion) car market. "For 14 years people have been driving Maruti 800, which has lost
        Reuters; REUTERS  -  290 words
      • 485 42 After several years of losses, carmaker confident of better sales this year Reuters [TQKYO] Nissan Motor Co, Japan's struggling number two automaker, is getting its key US operations back to normal after heavy losses last year, according to a top executive. "We're building
        Reuters  -  485 words
      • 562 42 Spain's state-owned carrier prepares for public offering next year Bloomberg [MADRID] Iberia Lineas Aereas SA said it will buy as many as 11 Airbus Industrie planes worth about US$l.4 billion (552.4 billion) as the state-controlled airline overhauls its fleet in preparation for its initial public
        Bloomberg; FILE PHOTO  -  562 words
      • 158 42 AFX-Asia [AMSTERDAM] Amsterdam Airport Schiphol NV is looking to acquire a stake in Indonesian airport operator PT Angkasa Pura 11, the Financieele Dagblad quoted the chairman of Indonesia's agency for state-owned companies, Tanri Abeng. The report said the operator is one of the
        AFX-Asia  -  158 words
      • 1448 42 CITY FU6HT ETA FU6HT CTD LH778 WO Of05 2235 MMh unm mo una ass too 11*373 zaso Oftl 1930 0f82 2055 »2005 WO S024 2350 $0229 2220 OW 1845 IH779 2359 AmttrtM U.843 0450 WJ38 2300 S023 0710 $024 2320 L KL837 V455 MH WW WW
        1,448 words
  • Page 29 Advertisements
    • 23 29 Maritime safety: Fewer ships being lost at sea Major initiatives such as better ship design have helped, says Martech '98 speaker. Page 2
      23 words
    • 67 29 Four US airlines get warnings on poor hygiene Com Air, Continental, Midway, US Airways receive letters from Food and Drug Administration. BackPage I* 4 WW! ><F .■>,■■ jUkMiii* jkf**-'- w^Jwfflcrr I -^-wie f'^\ riti i r Sailing Schedules,) to Asia More. Any destination, any time. 2 4 hours a day
      67 words

  • Page 30 Advertisements
    • 705 30 [80PBP SHUTTLIIXPftIM |~1 [QULF KAAACHI COWtti WQ VTSS{I W? I Vtssa VOY JM MM MM MO Ul COl WW fill 00Q GUIFOONIA MWSI7 11/09 04/10 HOIMUOffiWMI SII N/N 11/ M 11/N 11/00 10/00 U/N M/N 17/00 oocihomrom nwsu u/oo 11/10 hyivoso in u/n 10/00 10/00 10/00 u/n n/n os/io m/io
      705 words
    • 479 30 Accredited Shipping Agents, yUw Asaooabon Singapore Shcpptng Association CONTAINERSCONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess UK VMM li« I*/W 2VW Princess Uh VKSB Wit 1«/1« 17/1# LILY MARINE SERVICES SINGAPORE Phoae 334 7MI/*****44 Fkx; 3347N4 SCANCHART AGENCIES SON BHD TEL: (IS) MI37M Pkr («S) WI3BM
      479 words

  • Page 31 Advertisements
    • 1099 31 SAX SERVICE (DIRECT) I Ivcsa vor wra lax 1 oak ml hou ch ca. wm m nyc AftSAMONYX Ofltf 30/09 15/10 20/10 tt/K 21/10 26/10 27/10 27/10 21/10 »/10 AftTOUNMAIM 0201 07/10~ 22/10 ~v7vT 26/10 27/10 ~267i0~ 27/10 27/10 */W 21/10 miMI 0061 14/10 29/10 02/11 02/11 03/11 09/11 10/11
      1,099 words
    • 2045 31 HANJIN SHIPPING MAMJIN SHIfftHG (S) PTC LTD b* //m, b*. can 400UNG *****35-237 SALfS *****24 731 OOCUMBfI *****71 774 OfSADOHI 32*0241 257 MAW LINE *****55 FAX *****40 UtHO **********0N TO NW USA CANADA USA CAMMfA* "fm «i7v6r lUI I W UMHAIA/VOT SM fiw D« poi 04 W Sf OTT MM
      2,045 words
    • 247 31 1 1 I 1 B-1 /.I nl —71 IB* millfc lUK M/ 10 IHTHHOAI STtMlbfl 014S 7S/10 I jUIK HQNGI(ON6 807S I M/ 101 04/10 OPTO 107/10 I 1 1/10 13/10 IS/10 IH/10 Also ACCiynMG cargo to oamu SbWOjIbBE Mr 2711»5 mrfiiNi riiOi l»fci Tfrrtii flmiln 10 IM JAMM PORTS
      247 words

  • Page 32 Advertisements
    • 1276 32 DSR-SENATOR LINES TO UK/CONTINENT TOREDSEA/MEDITEIRRANEANCANAI wa WIT MM 181 UTi «i KM MY FU Vt«i ¥0Y Ml JB l»T W W lU I MMUMMLMM WOMZ It H 1(11 ITU till 11.11 11 It LONDON KNATOK WMttt M M Hit 11.1t li lt tilt 1711 1 PMUM SENATOR WMM M.M It.lt
      1,276 words
    • 926 32 MH COTITO UHES, INC p. ouoano ,ot, warn o\y \£J cm**imo*no*om 50U:(064)*****9 MAMLA:(632)*****24 PBiANG: (04) *****36 BANGKOK: (662)*****67 SURABAYA: (31) *****0 DA _RKELANO: (03) *****77 JKTi (21) *****07 MOM: (61) *****3 KUCHMQ (082) *****1-3 j| KAOHSIUMG SURABAYA j;| MV "KOTA BERANI" V.8RN079 MV "BHATRA BHUM" V.172S r ETA SIN: 29/09/98
      926 words
    • 502 32 js&~3 JESSELTON LINK gy Jt mi MM4M HUb «mm 1 MUARA I I ASH All 1 WWIW I 1 i-APUA>i j msa vor no n* msa mr di m SPOUMUMU SPOtf m CUtMAJM-32 VIK/WSU It/M CNUUMHt VII/N Bl 27/04 SMtMTSNOK V271/W 27/00 01/10 SIU/TSHOPI Wl/N V/Ntl/1t CAUAA JNB-J2 Vl*/* 01/10
      502 words

  • Page 33 Advertisements
    • 1388 33 |VE«SgL VOY sin pou pko pew pqb pub shj ba I bik HUN MATIN PJL 1308 19/09 27/09 28/09 28/09 29/09 IRAN VAHDAT PJL 1317 08/10 18/10 PQB« IMm (Moot. OUfl Dcbai, SHJ Slurjah. BA > Bandar Abbas, BIK > Bandar Imam Khomeini ACCEPTING CONTAINER/®REAK-BULK SHIPMENTS TO MLANO POINTS IN
      1,388 words
    • 1760 33 TO ISRJtII 1 IN 13 DAYS I EVERY TNURSDAYkjfI I SINGAPORE'S GENERAL AGENTS: 4 SHENTON WAY TIL 226 1900 FAX: *****06 OUTWARD (•7i)^ II "^2OSM^ lll K)HOfll5^ COSTAR SHIPPING PTE LTD #i7-md.shdg saies/hgs *****4i/63 inwarddept o/o> *****85 COSTAR AGENCIES (M) SON M 0 TOWER TWO (06M09) COMVPmOHAI *****50/SS T/SNPHT DEFT
      1,760 words
    • 643 33 h— EASTERN CAR UNER, LTD.' LtJ Ea (SINGAPORE) PTE LTD LOADING FOR JAKARTA MANILA MV "ORIENT LILY" V.30 MV 'TERESA PRESTIGE" V.19 ETA SH 27/09/98 ETA XT 01/10/98 ETA SIM 27/09/98 ETA MNL 02/10/98 PORT KLANG/COLOMBO/CHITTAGONG JAKARTA/YOKOHAMA MV "IfEIU4IJN' r VTO mw ||\J MABAUAI llffcAMT \J IAA ETA SIM 28/09/98
      643 words

  • Page 34 Advertisements
    • 1186 34 EUROPEAJK/SCANDtNAVIA/FIttLAND/RUSSIA S6P ROM ANW HBG THP ZEE LHV LMV THP ROM AMW HBG PKL S6P E. DAINTY RW-007 VM 1«/1« 20/10 17/10 19/10 *0/11 71/10 E RIGHT RE 035 27/ tO 29/ M 2UO 31/00 01/00 24/98 25/00 I. DYNAMIC RW-801 04/10 23/10 2HI 24/10 20/10 27/10 20/10 E REWARD
      1,186 words
    • 975 34 ADVANCE CONTAINER LINES (PTE) LTD Ar* I 140 Cecfl Street, #12-00, PIL Building. Singapore *****0 M W L.I TEL: *****21, FAX: *****10, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 ■anokok jakasta (WMWy I lift mil >m LCH/1 «H MIT) vissa voy I sm I »KK vtssa VOY
      975 words
    • 579 34 nantai line FUUY CONTAINERISED SERVICE TO NAURITOS SOUTH AftKA vissa voy smi pui dub jnb cpt ro~ eotpa dragon im w/w ai/io 12/10 iyn mo HHSACASiaiA tOOB H/10 15/10 If/18 22/10 23/10 2t/IO mroifiKßs im 13/10 27/10 30/10 31/10 muiQuaii moos n/10 a/10 01/11 m/ii 05/11 00/11 mmp«A6oii im 27/10
      579 words

  • Page 35 Advertisements
    • 439 35 I BSfl ii.l M MYANMA iffittk FIVE STAR UNE W (Myannor National Una) Loading for Yaogoa (Rangoon) vissa voy m p*l pen pgu MAWIAMYME SOW 27/ M MALAYSIA AGENTS: OOUSTEAD SMPPMG AGENCIES KUL Til (03) *****00 PKL HI (03) *****01 KM m (04)*****0} PGU: TB (07) *****21/4 BANK LINE (A
      439 words
    • 1241 35 HMi HYUNDAI MERCHANT MARINE CO., LTD. i«sa wtiinn I«IMI«W I- I» I i i HYIABON 315W 24/09 12/10 17/10 14/1 C 15/10 BJE SUE Sfl W/W W/W U/S Ma nun 009W 25/09 is/1017/1111/10 14/10 my dub nx 01/5 m/w 03/09 05/09 24/09 MY EMPEROR 314W 20/09 14/18 IS/10 17/10 20/10
      1,241 words
    • 892 35 "I norwegion tpa.idhad outooorriars \L_u_ G® B TO NORTH AND LATIN AMERKA "*o*o HIAVYUFT SERVICE' VESSEL VOY RAMP HEIGHT SW LAX CXI MIA SAV lAL Off NYC |KW MOO tampere fuo 4001 m ~uST "5760 "0710" oT7TT~ "oi7n" a*7n~ WiT 657TT "WTT WTT u7iT" TEXAS FIM 4001 MB 4JM 12/10
      892 words

  • Page 36 Advertisements
    • 826 36 lAMOXOK/ Mtf TA PHtHV LAMM CMABAHOI JAKARTA/PAN JANG VESSEL I VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BANI BHUM 116N In Pt 27/08 GURU BHUM 9CSB ~Tn Pt 27/09 MATHU BHUM 382N 28/09 30/09 DEJA BHUM 7668 26/09 30/09 RATHA BHUM 32N 26/09 30/09 29/09 ANRO JAVAKARTA*
      826 words
    • 633 36 I cosco CQBCO FULL COWTA»4ER SERVICE (FCUFCU EXPORT TO: CHMA/HONQ KONQ EUROPE/CONTMENTAL EAST 8 WEST MEDITERRANEAN AUSTRALIA AJMEMCA AfWCA US WEST/EAST COAST PERSIAN OULMUMACM Please refef above mentioned Mrvicea to China Ocean Shipping Co. Advertisement in Paga 5. vtssa vor roi m S6P HK6 OM MM f»Ht OII4N IVW IVW
      633 words
    • 1039 36 i S VOY WN MLA LEH HAM IMP jmj jEE \WU-E OE DtWfc»i| YZ7W 3M» 08/10 11/10 17/10 WW 2tyil 21/10 VBXE DE BMBBO6A yiSBH 06/10 14/10 lfl/10 2&10 28/10 «/in amn 9*nn~ VXE 06 TANYA WW 21/10 WW 01/11 OVII 03/11 Q2AII 03/11 vxE oe wirus A2BW jWjO 2a/io
      1,039 words

  • Page 37 Advertisements
    • 46 37 (Retrieve more schedules!) Press "1" Select the port and key in SKI the four digit code -JWm& eg: To New York (NYQ 2275 jtmHM SflPj m Key in your fax number gfak S|B»jEnter your phone numbei Anoth»kmo.«iv. iMvk* offered by The document will be SKIPPING TIMES
      46 words


  • Page 39 Advertisements
    • 62 39 WM VaTal Dial 740-6000 Oil G€VT)dnG (Retrieve more schedules!) f£) Press "1" JTV Select the port and key in the four digit code -J eg: To New York (NYQ 2275 Key in your fax number your phone number Another Innovative service offered by The document Will be SHTPPTNG TrMFS SiJ
      62 words

  • Page 40 Advertisements
    • 145 40 j FREE Reader Enquiry Service S»< cut out an.d 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
      145 words

  • Page 41 Miscellaneous
    • 105 41 Bj^ UGINO R Thund«r»tofm T<*np«fotur« »q V Show«f Weolher -V Wind dr*ction with *p««d in knots Rain Cloudy Sky w v inpn wind* on mdkotad by arrow, wfcidt fly witfc Hw «md Q9 On tut ckdm r«pr««nt» cokn or light and vohabi* wind* Or* hofl fWch« r*pr«Mnt* 5 knot* L—
      105 words