The Business Times, 18 May 1999

Microfilm: NL21497
Total Pages: 36
1 36 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES Mrr 6> t 5®^S? N 85t SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MAY 18,1999
    15 words
  • Article
    MARKET SUMMARY
    55 1 DmUS(-2.85) PJBT-SEI IJ noun (-5.04) *TISIKSCIFUTOKES mm 27L00 (-9.20) HSSS™* STOCK MAKET UDfCES Monday '"hingr KLSECOMP 7tt»——4* NIKKEI 18,421.82 -J8M7 HANGSENO 12*88J8__-J*J2 SET INDEX 487.81 -718 JAKARTA COMP —590.80 i9 MANILA COMP _Z,UU8 4S.il taipei wpi imn +*11 S8MJLC0MP 717.83 -26.00 ttMCIBNAB 570.33 +U» AfeBf ALLOBD—1188.30 -88.70 1.00p«
    55 words
  • Article
    FINANCE
    61 1 ran bates US 81 UBS 1.711 2WS*per£) 1-ltl 17«7 EURO(US$/S$ per E) 1j066 1.824 DM _L8* IM YEN mi LM* RM 1800 0.461 HKI i.m 0121 BAHT >711 1.044 BUPIAH WW—MW* MtoWUm BAJnatoife", MANILA 4SS2S1-.H.» AM sawfiL -fry. &41 fOfcm -—&■——A6t SEOUL 14JK ZURICH m F8ANKFUW LOTOW fit NEWTOBK
    61 words
  • Article
    S'pore banks to merge dual share tranches
    969 1  -  BANK LIBERALISATION DBS to issue new boons shares; OUB, UOB, OCBC mulling 'compensation' By' Ven Sreenivasan [SINGAPORE] Following the abolition of the 40 per cent limit on foreign shareholding of local banks, Singapore's four banks with dual-tranche listings said last night that they
    969 words
  • Article, Illustration
    BG Lee unveils some surprises
    1515 1  -  By< Catherine Ong [SINGAPORE] Singapore's local banks put on a brave front yesterday in the face of new government measures to prise open their consumer and corporate markets to foreign competition. While the much-awaited liberalisation package announced by the Monetary Authority of Singapore (MAS) did
    1,515 words
  • Article
    A new chapter begins
    707 1 BDITOBIAL ITS not a revolution and it's not a big bang. The programme of measures announced yesterday by the Monetary Authority of Singapore (MAS) is a cautious, measured step towards liberalising Singapore's commercial banking and upgrading local banks. Too cautious, some will say: 100 ATMs for
    707 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      158 1 prams Dtw fern 112 at US stocks fell sharply yesterday with the threat of higher interest rates hanging over Wall Street, a day before the Federal Reserve's policy-setting meeting. At Ipm EDT, the Dow Industrial was down 162-57 points at 10,750.95, the Nasdaq Composite index was down 2194 at while
      158 words
    • Advertisement
      Page 1 Advertisements Column 2
      23 1 Full text of MAS statement. Plus excerpts from BG Lee's Q&Asession,Pg2 Six foreign banks say they will apply for new licences, Pg 3
      23 words
    • Advertisement
      Page 1 Advertisements Column 3
      342 1 Rational* of nominating committees, Pg 4 Local bank*/ace stiff competition on Net, says MAS, Pg 3 More reports 4k reactions, Pgs 2,3 4 < H yr '< t «,*,,«< j "x *%msgKmKE& 1 With the introduction of the Euro and "Euroland" at the start of the year, and Sterling mortgage
      342 words
Page thumbnail Page 2
  • BANK LIBERALISATION
    • Article, Illustration
      Lock icon 'The present situation is not sustainable'
      3283 2 THE following is the full text of the statement from the Monetary Authority of Singapore: Liberalising commercial hanking and upgrading local Knnlra 1. The government is introducing measures to liberalise the commercial banking sector and upgrade local banks. The aim is to move towards
      ARTHUR LEE  -  3,283 words
    • Article
      What BG Lee said
      686 2 THE following are excerpts from the question and answer session with MAS chairman BG Lee Hsien Loong at the press conference yesterday: Why foreign banks are still left out of local banks' shared-ATM network and Nets "We have decided to take it step-by step. So as
      686 words
    • Article, Illustration
      Lock icon At the crossroads
      267 2 There are 142 commercial banks as at April 30,1999. They are divided into three categories: full, restricted and offshore banks! Full banks They can conduct the whole range of banking business. As at end April 1999, there are 31 full licence banks, of which 9 are locally-incorporated,
      PHOTO: ARTHUR LEE  -  267 words
    • Article, Illustration
      Six foreign banks say they will apply for new licences
      768 3  -  MAS expects to issue first QITO licences by Sept; moderated approach welcomed By\ Siow Li Sen THE race is on. At least six foreign banks have declared their interest in applying for one of the six qualifying full bank (QFB)
      768 words
    • Article
      Local banks face stiff competition on Net: MAS
      350 3  -  Foreign banks can wipe oat local rivals' edge in cyberspace By' Toh Han Shih THE Monetary Authority of Singapore (MAS) warned local banks yesterday that the Internet will enable foreign banks to reach out to domestic consumers and eventually neutralise their extensive
      350 words
    • Article
      What they say
      394 3 "With the new full licences, companies have a wider choice of banks. It's like the equivalent of having six new local banks." 7 Tan Kong King, group MD of KMP, the Singapore investment company of the Salim group. "Looking at the overall picture, it does not paint
      394 words
    • Article
      Who's who on local bank boards
      210 4 Chairman Vice-chairman, CEO S Dhanabalan: 61 John Okte: 55 Ng Kee Choe: president, COO: 54 Lau Chan Sin: sr managing director: 55 Tommy Koh: 61 Fock Siew Wah. 58 Bernard Chen: 56 Yeo Ning Hong: 55 Robert Howe: 54 Alan Chan: 45 Moses Lee:
      210 words
    • Article
      OCBC looking at setting up holding company
      405 4  -  HOLDING COMPANIES Goldman to conduct study; new structure will give bank greater flexibility By i Catherine Ong [SINGAPORE] OCBC Bank said yesterday it has retained US investment bank Goldman Sachs to study the feasibility of setting up a financial holding company structure. The
      405 words
    • Article
      Finance firms' Local shares, wits surge
      453 4 FINANCE COMPANIES THE shares and warrants of several listed finance companies shot up in the wake of the banking sector reforms announced yesterday. The highest gainer was the warrant of Keppel Tat Lee Finance which rose 22 per cent or 12.5 cents to 69.5
      453 words
    • Article
      Move to instil greater professionalism
      478 4  -  NOMINATING COMMITTEES Measure is to ensure board, managers look after interests of all sliareholders By i Conrad Raj THE introduction of nominating committees to oversee the appointment of key personnel in local banks is to instil greater professionalism and is not aimed at stopping relatives
      478 words
    • Article, Illustration
      Lock icon Firms expect better services
      378 4  -  LOCAL REACTIONS By Carol Eng, Clarissa Tan MOST local companies yesterday said the MAS' liberalisation moves would open doors to more and better financial services. The companies who stand to gain the most are small and medium enterprises (SMEs) and local firms which want to go
      ARTHUR LEE  -  378 words
    • Article
      Raising S$ lending limit will boost S'pore's hub role
      682 4  -  RESTRICTED AMD OFFSHORE BAMES Foreign banks hail liberalisation moves as timely By Conrad Raj THE government's decision to raise the Singapore dollar lending limit of offshore banks to as much as $1 billion in the case of some institutions is expected
      682 words
    • Article
      Moves don't go far enough; HK is still ahead: analysts
      587 4  -  HONGKONG REACTION It's more competitive and less restrictive than Singapore From Meera Tharmaratnam in Hongkong SINGAPORE'S latest banking package has not gone far enough to allow it to supplant Hongkong as Asia's pre-emi-nent financial centre, according to investment analysts. Banking
      587 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      51 3 I '.rsfe' a iff" -w I I 1 I "T > 1 L v Business Vision '"**<? STA Y AHE A D WI T H s" L THE LATEST NEWS jt EV E N I N YO U R OFFICE I EZfftm 1. v 5 1 <£ expert opinions mO
      51 words
Page thumbnail Page 4
Page thumbnail Page 5
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Company closures up 45% in '98
      337 5  -  EYE ON THE ECONOMY Company formation By, Audrey Tan SOME 5,049 companies closed down last year, nearly half of which were from the commerce sector, latest figures from the Department of Statistics (DOS) show. The numbers show that last year's downturn resulted in a
      Source: DOS  -  337 words
    • Article
      Motorola's chip unit expects double-digit growth in Asia
      457 5  -  By t Annette Pau FRESHLY spun off in a management buyout announced in the US last Thursday, Motorola's chip unit sees potential for growth in the doubledigit range for the business in Asia for 1999, a senior executive yesterday told BT. "Demand
      457 words
    • Article
      Six in 10 condos, private flats not owner-occupied
      312 5  -  Owner-occupancy higher among semi-detached, terrace houses at 70 per cent By i Carol Eng SIX out of 10 condos and private flats in Singapore are rented out or held for purposes other than owner-occu-pation, according to property tax data compiled for the
      312 words
    • Article
      Proportion of homes with PCs doubles
      406 5  -  Of the 41% of homes with PCs, one-third have access to Net By 1 Teh Hooi Ling SINGAPORE'S household personal computer (PC) ownership doubled to 41 per cent in 1997 from 1992, according to a Department of Statistics survey. The study also found that
      406 words
    • Article
      Electronics exchange sets up Asia HQ in S'pore
      118 5 THE world's first and only open-market exchange for trading electronic components, personal computers and networking products will set up its Asian headquarters in Singapore. Electronic Commodity Exchange Asia (ECXA) said in a statement yesterday that it wUI invest some US$2 million (553.4
      118 words
    • Article
      Sanyo Precision opens $1m Batam plant
      212 5  -  By* Annette Pau JAPAN'S Sanyo Precision yesterday officially opened its $1 million manufacturing facility in Batam, which will make micro direct current (DC) motors for electrical appliances. Used in floppy disk drives, CD-ROMs and printers, the motors will be exported to Sanyo's major markets
      212 words
    • Article
      Grow up S'pore, and stop whining
      831 5  -  MAILBAQ Mohd Kassim bin Ahmad via Internet Malaysia I AM a concerned Malaysian investor and I wish to rebut some of the letters in your columns on the Clob issue that have continuously given me much amusement. First let us get down to simple
      831 words
    • Article
      Anomaly in the SES
      129 5  -  P Leesinsky via Internet Hongkong AS the world trembles with the knowledge of the 30-year bond at 5.94 per cent and markets in Asia "correct" substantially, one can only marvel at the strength and insulation of the Singapore market. Even though bank stocks were not for
      129 words
Page thumbnail Page 6
  • FOCUS: PROPERTY
    • Article
      Reits need tax breaks to take off: Redas head
      340 6  -  Property investment yields lower than for other instruments By. Ang Wan May, Siow Li Sen [SINGAPORE] Real estate investment trusts (Reits) will find it hard to compete with other investment instruments without sufficient tax breaks, said the head of the Real
      340 words
    • Article, Illustration
      Lock icon Expect some new valuations in the next few months
      722 6  -  THE PROPERTY COLUMN Reits may result In the marking down of book values By Lee Han Shih AFTER 13 years, developers have finally managed to persuade the Monetary Authority of Singapore to allow property funds to be set up here. Now
      FILE PHOTO  -  722 words
    • Article
      Launches of up to 10,000 units this yr
      231 6  -  By. Ang Wan May [SINGAPORE] A total of 8,000-10,000 new private residential units are expected to be launched this year, says the head of the Real Estate Developers' Association of Singapore (Redas) Daniel Teo. Speaking to reporters yesterday at a Redas press
      231 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      206 6 PRIME GRADE A COMMERCIAL OFFICE FOR SALE Directly linked to MRT Top quality finishes Limited units available Contact Senior Manager (Investments), Soon Yean *****457 AMARA CORPORATE TOWER I Brand New 12-Storey Office Tower at 100 Tra» Street Floor Area from 900 sq ft onwards. Approx. total lettable space of 50,000
      206 words
    • Advertisement
      Page 6 Advertisements Column 2
      204 6 For Sale by Tender Residential Two Large Bungalow Sites 42/42A/44/44A Belmont Road Uf 2 storey building with 4 apartments 42A is currently tenanted. 42/44/44 A Existing single storey bungalow Quiet de sac PJ ja Sale with existing tenancy 999 years leasehold Tender cloaing date: 7 June 1999 Mondey at 4
      204 words
    • Advertisement
      Page 6 Advertisements Column 3
      141 6 Even the price looks del icious. Traditionally delicious "Jeochew favourites, now deliaously rich in value for money. per person The best place in town for tradition Teochew food also serves up unbeatable value for money in so many different ways. For example, the new Set Menu (minimum 2 people) for
      141 words
    • Advertisement
      Page 6 Advertisements Column 4
      64 6 "My friends were all ears when I told them about Fandi Ahmad's class of '74 reunion, Ang Peng bong's swim camp and badminton lessons given by 1989 World Grand Prix Champion Zhang Qingwu." Abdul Rakim, an avxd sports fan Bwylt Sdilt Radh. WM Locate its owner through Classification 821 (Found).
      64 words
Page thumbnail Page 7
  • REGION
    • Article
      Lock icon Lehman says Thailand a leader in Asian recovery
      429 7 BANGKOK Bank sees country's growth at 2% this year, donble govt estimates AFP GLOBAL investment bank Lehman Brothers yesterday lauded Thailand as a leader in Asia's economic recovery, predicting 2 per cent growth for the country this year, double official estimates. Chairman
      AFP  -  429 words
    • NOTE Book
      • Article
        Lock icon Rise in Thai banks' end-March NPLs
        81 7 Reuters {BANGKOK) The Bank erf Thailand said yesterday non-performing loans (NPLs) carried by Thai commercial banks and foreign banks operating in Thailand rose to about 46.16 per cent of total lending by end-March from 46.82 per cent a month earlier. Deputy central bank governor
        Reuters  -  81 words
      • Article
        Lock icon New Indon bank supervision watchdog
        69 7 Reuters [JAKARTA] Indonesian President B J Habibie said yesterday an independent body would be established by the end of2ooB to take over the task of banking supervision from the central bank. "This special task to supervise banks will be shifted from the central bank to
        Reuters  -  69 words
      • Article
        Lock icon M'sia current account surplus: RM36.8b
        54 7 AFX-Asia [KUALA LUMPUR] Malaysia posted a current account surplus of 36.8 billion Malaysian ringgit (5116.7 billion) in 1998, reversing a deficit of RM15.8 billion in 1997. The surplus for the last quarter of 1998 stood at RM11.7 billion, the fourth straight quarterly surplus, the statistics
        AFX-Asia  -  54 words
    • Article
      Lock icon Suharto orders lawyers to sue Time
      399 7 JAKARTA Reports that he has USslsb are 'big lies', his lawyer sap AFP, AFX-Asia FORMER Indonesian president Suharto has ordered lawyers to sue Time magazine over a report that it had traced US$l5 billion (5525.6 billion) accumulated by him and his family, a report
      AFP,; AFX-Asia  -  399 words
    • Article, Illustration
      Lock icon Another Indon paint of view
      53 7 [JAKARTA] An Indonesian student demonstrator smoking through a gap in his brick-wall mask during a rally in Jakarta yesterday. The mask symbolises the allegedly thick-faced cronies of former president Suharto. Scores of students rallied to urge people not to vote for political parties linked to
      AFP  -  53 words
    • Article
      Lock icon China Trust Bank files suit against Bambang firm
      136 7 JAKARTA AFX-Asia CHINA Trust Commercial Bank said it is suing PT Rajawali Nusantara Indonesia for allegedly failing to pay US$5 million (SsB.6 million) in promissory notes, The Jakarta Post reported. China Trust's lawyer Rahmat Bastian said the debt matured on Jan 4.
      AFX-Asia  -  136 words
    • Article
      Lock icon Rupiah to be defended against polls unrest: central banker
      333 7 ■JAKARTA 3 opposition parties to join forces against Golkar: report Reuters INDONESIA'S central bank governor said yesterday the government would defend the rupiah if there was unrest during the election period. "The task is not easy but if there are disturbances
      Reuters  -  333 words
    • Article
      Lock icon Japanese economy finally picking up: Sony boss
      272 8 TOKYO AFP JAPAN'S economy is finally pulling out of its worst recession since World War II and showing signs of brightening, Sony Corp chairman Norio Ohga said yesterday. ."The Japanese economy continues to be in a very severe state but I see there
      AFP  -  272 words
    • Article, Illustration
      Lock icon PM: Tax reform block threatens Aussie growth as financial hub
      411 8 SYDNEY He announces plans to reopen treasury dept's regional office in Singapore Bridge, Reuters AUSTRALIAN Prime Minister John Howard detailed yesterday the government's strategy to develop Australia as a financial hub, but warned that failure to pass fundamental tax reform
      Bridge,; Reuters; REUTERS  -  411 words
    • Article
      Lock icon Sonia Gandhi quits as president of Congress party
      331 8 NEW DELHI Top party leaders rebel and attack her foreign origins Reuters, AFP SONIA Gandhi resigned yesterday as president of India's main opposition Congress Party following criticisms that as a foreigner she was unfit to lead the world's largest democracy. A spokesman
      Reuters,; AFP  -  331 words
    • Article
      Lock icon Indian firms hit by slowdown in FY99
      606 8 BOMBAY But export-oriented companies make robust profits Reuters INDIA'S top companies were bruised by an economic slowdown in 1998/99 (AprilMarch) but restructuring activities and accounting changes helped many to show a profit for the year, their results show. Sectors which were ex-port-focused and
      Reuters  -  606 words
    • Article
      Lock icon Top 9 banks' problem loans total 14.4t yen
      168 8 TOKYO AFP JAPAN'S top nine banks held more than 14.4 trillion yen (*****.6 billion) in problem loans at the end of March, far higher than earlier estimated, a report said yesterday. The figure comes under new stricter accounting rules established by the
      AFP  -  168 words
    • Article
      Lock icon Tokyo current account surplus up
      318 8 TOKYO But it may have peaked as March posts sharp fall AFP JAPAN'S current account surplus surged 17.6 per cent to a record high in the past financial year, officials said yesterday, but a sharp fall in March signalled that it may have peaked. The
      AFP  -  318 words
    • Article
      Lock icon Japan bank chief to use own money to avert collapse
      211 8 TOKYO AFP THE president of Japan's Kofuku Bank Ltd plans to offer his own money to the troubled regional bank before quitting in a last-ditch bid to avert bankruptcy, news reports said yesterday. Tokuaki Egawa will resign to take responsibility
      AFP  -  211 words
  • Page 7 Advertisements
Page thumbnail Page 8
Page thumbnail Page 9
  • ASIA ON THE MEND
    • Article
      KL will cooperate if Clob solution is reasonable: Dr M
      498 9  -  Solution should be one that doesn't flood market with frozen shares all at once From Diana Oon Abdullah in Kuala Lumpur PRIME Minister Mahathir Mohamad said yesterday that Malaysia would cooperate if any reasonable solution to the Clob issue was
      498 words
    • Article
      Lock icon World Bank to decide on Indon loans today
      233 9 Bloomberg [JAKARTA] The World Bank will decide today on the disbursal of US$l.4 billion (552.4 billion) in loans to Indonesia that have been delayed on worries that the cash would be misused to keep the ruling Golkar party in power. Aid organisations
      Bloomberg  -  233 words
    • Article, Illustration
      Lock icon M'sia has made good use of capital controls: Camdessus
      355 9 Dr Mahathir says there will be no change to controls AFX-Asia, Dow Jones Newswires, Bridge News [LANGKAWI] Malaysia has made good progress in taking advantage of its capital controls to restructure its banking sector, but still needs to do more to
      AFX-Asia,; Dow Jones Newswires,; Bridge News; REUTERS  -  355 words
    • Article
      Lock icon New IMF moves under way to resolve debts
      627 9 AFP, Bloomberg [HONGKONG] New initiatives are under way to resolve debt problems that could stem from future financial shocks, International Monetary Fund (IMF) managing director Michel Camdessus said here yesterday. "This could entail introduction of collective negotiation clauses in bond contracts and
      AFP,; Bloomberg  -  627 words
    • Article, Illustration
      Lock icon Yen close to year's low as US interest rates soar
      534 9  -  Sing unchanged despite HAS liberalisation moves By] Larry Wee [SINGAPORE] The threat of sharply higher US interest rates saw the Japanese yen test levels close to the year's low of 123.75 yen against the greenback, but the Singapore dollar finished
      Source: Bridge  -  534 words
    • Article
      Lock icon Thailand may not need more IMF funds
      166 9 Bloomberg [BANGKOK] Thailand will decide in August whether it needs to borrow more from a US$l7.2 billion (5529.4 billion) credit line arranged two years ago by the International Monetary Fund, Finance Minister Tarrin Nimmanahaeminda said yesterday. "We need to see whether the economy
      Bloomberg  -  166 words
    • Article
      Lock icon Asian sovereign ratings' slide levelling out: S&P
      284 9 Bat significant risks remain in individual countries, regionally AFXAsia [HONGKONG] The sovereign ratings of Asian economies have steadied after sliding over the course of the regional financial turmoil, Standard and Poor's said yesterday. "It is fair to say sovereign credit ratings are stabilising,"
      AFX- Asia  -  284 words
    • Article
      Lock icon HK real interest rates still too high: Tung
      200 9 AFX-Asia [HONGKONG] The level of real interest rates is still too high and is restricting Hongkong's recovery, the SAR chief executive Tung Cheehwa said. Speaking at the opening of the CLSA Investors' Forum in Hongkong, Mr Tung said real interest rates are
      AFX-Asia  -  200 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      18 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner. Tel: 437 6853 437 6872 534 3132
      18 words
    • Advertisement
      Page 9 Advertisements Column 2
      89 9 I FREE Property Management Seminar I I Commercial Retail Industrial Apartments Houses H I Adding value to your asset Economic facilities management H I Tenant retention Statutory compliance issues Tax GST effective accounting H Two identical seminars are to be held on H I SATURDAY 29TH MAY 1999 (3PM-SPM) AND
      89 words
Page thumbnail Page 10
  • THE WORLD
    • Article
      Lock icon US will remain economic leader into 2000: Lehman
      521 10 TAIPEI Effective policies, IT revolution will maintain growth, keep stocks rising Reuters LEHMAN Brothers' chief US economist said yesterday the United States remains the wellspring of global economic strength into the next century. Stephen Slifer said effective monetary and fiscal policies coupled
      Reuters  -  521 words
    • Article
      Lock icon Moore gaining ground in battle for WTO job: Shipley
      393 10 WELLINGTON AFP NEW Zealand's candidate is gaining ground in the bitter battle with Thailand for the leadership of the World Trade Organization (WTO), Prime Minister Jenny Shipley said yesterday. But she added that intense lobbying was likely to continue for the
      AFP  -  393 words
    • Article
      Lock icon The rich really do get richer: report
      168 10 LONDON Reuters THE world's dollar millionaires will be 50 per cent richer within five years after an excellent 1998 when they prospered despite turmoil on global markets, an annual world wealth report said yesterday. The six million people with financial assets above US$l
      Reuters  -  168 words
    • Article
      Taiwan warned of Japan DVD backlash
      544 10  -  Japanese makers could slash prices: research institute From Macabe Keliher in Taipei TAIWANESE manufacturers' plans to produce key DVD components starting from the fourth quarter could result in an initial backlash from rival Japanese makers, according to a research institute here. The Optical Electronics
      544 words
    • Article
      Contrarians say bonds now offer good value
      921 10  -  Any stock market scare will see flight to bonds, they say From Neil Behrmann in London THE global bond market is in a major slump but analysts who take a contrarian view say bonds offer good value at current levels. They say that
      921 words
    • Article
      Lock icon Japanese buying of foreign bonds up
      209 10 TOKYO AFP JAPANESE investors were heavy buyers of foreign bonds in the past year to March, with purchases at a nine-year high, the finance ministry said yesterday. In March, however, investors turned net sellers, the ministry said. Japanese investors bought a net 9.57 trillion
      AFP  -  209 words
    • Article, Illustration
      Lock icon Flagging emotions
      74 10 [BEIJING] A view of the American flag from a shattered window inside the damaged US embassy in Beijing yesterday afterfour days of violent anti-Nato demonstrations saw thousands of angry Chinese pelt the embassy with rocks, bottles, molotov cocktails and shoes. Chinese President Jiang Zemin has urged China to
      AFP  -  74 words
    • WORLD Watch
      • Article
        Lock icon New mad cow case in France
        43 10 Reuters [PARIS} A new case of mad cow disease has been discovered in western France, bringing to 10 this year the number of cattle found to be suffering from bovine spongiform encephalopathy, the Agriculture Ministry said yesterday.—Reuters
        Reuters  -  43 words
      • Article
        Lock icon Brazil Budget deficit at 12.3% of GDP
        72 10 Bloomberg [BRASILIA! The wave of momentum that Brazil is riding with capital flowing back in, interest rates felling and inflation slowing doesn't erase one lingering problem: the country's Budget deficit Though the deficit slipped 9 percent in March over the previous month, it
        Bloomberg  -  72 words
      • Article
        Lock icon Rubin sees dollar policy unchanged
        57 10 Reuters [PHILADELPHIA] US Treasury Secretary Robert Rubin said yesterday he was sure US dollar policy would not change when he left his poet in July to hand over to his deputy, Lawrence Summers. Asked if dollar policy would change after he leaves office, he told
        Reuters  -  57 words
      • Article
        Lock icon The bet is on Chase's EVP
        72 10 Bloomberg [WASHINGTON] US President Bill Clinton is prepared to nominate Carol Parry, executive vice-president in charge of Chase Manhattan Corp's community development group, to the Federal Reserve, a presidential aide close to the discussions said. The White House is conducting a background check on
        Bloomberg  -  72 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      106 10 Eliminate Manual Data Entrq At up to 2500 forms per hour, the scan murk series of optical mark readers is many times faster than manuat data entry and is virtually etrorfree. Yet it Is also one of the most versatile, cost-efficient automated data entry solution for any environment. For outstanding
      106 words
Page thumbnail Page 11
  • EDITORIAL & OPINION
    • Article, Illustration
      Scots vote only creates jobs for politicians
      800 11  -  THE BOTTOM LDTE OPINION By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT THE New Labour government's tinkering
      800 words
    • Article
      IN OTHER WORDS
      120 11 'Unfortunately, even if a leader is effective and delivers on his promises, if he stays too long, the other leaders are bound to get restless.' Mahathir Mnhawinii Malaysian prime minister, in a column in Japan's Mainichi Daily News. Dr Mahathir, who has been in power for 18
      120 words
    • Article, Illustration
      Lock icon Economic fallout from Kosovo yet to be felt
      947 11  -  Even nations with no say abont the Balkans will share whatever costs fall onUSandEnrope By, Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in The Los Angeles Times THE North Atlantic Treaty Organisation
      FILE PHOTO  -  947 words
    • Article, Illustration
      Lock icon Can Summers extend Rubin's winning streak?
      704 11  -  By Floyd Norris NYT NEVER succeed a legend. That is good advice for college sports coaches asked to replace a man who set the standard for excellence. If the new coach manages to carry on the tradition, he gets little credit. If not, he
      NYT  -  704 words
    • Article
      WHAT THE OTHERS SAY
      1040 11 WboroSooaltruapo Tokyo HOW is it that South Korea can start a major restructuring plan, while Japan dawdles? One reason is sheer necessity. As an industrial trading nation, South Korea has to be a strong competitive member of a globalised economy. But Japan, with about US$10 trillion
      1,040 words
Page thumbnail Page 12
  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Appeal of Star Wars
      558 12 MOVIE Blend of sci-fi, myth and history key to box-office attraction AFP [WASHINGTON] The Phantom Menace director George Lucas has told fans eagerly awaiting tomorrow's opening of the first Star Wars film since 1983 that "it is only a movie". But they know better. Critics derided
      AFP  -  558 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      181 12 Where to wine, dine and ESSS22SL aMpftS y HHHHHHHB Engage in ballroom dancing to rock roll, tango, samba and romantic evergreens at Singapore's favourite nostalgia pub, Club 5 two. 312 weekend cover charge and dance tips every Tuesday from 8.30pm 10pm and every Thursday from 9pm 10pm. Operations Hours: 6pm
      181 words
    • Advertisement
      Page 12 Advertisements Column 2
      53 12 j HOTEL QRAMD CENTRAL LIMITED I 22 Orchard Road/Cavanagh Road, Singapore *****7 I Tat 737 0944 Ext 40<V02 Fax: 733 3175 I depend on predictions. Advertise in Wine, Dine Entertain of The Business Times and reach out to 140,000 readers daily. Raymond Seah 9 740 1260 or Shirley Lee 9
      53 words
    • Advertisement
      Page 12 Advertisements Column 3
      60 12 jy{iyL JVW Itvy CITY THAI SHARKSFIN RISTAURANT Braised Superior Shark's Fin w/Crabmeat M W Braised Superior Shark's fin wrfCrabmeat (1 Oaypotperpenon) Braised Whole Abatone vWSupreme Mushroom KaKan Sambal Pomfret Prepared *i Thai Style Crispy Fried Golden Beancurd Baked King Prawn vn'Uemmceft in Claypot Thai Style Pineapple Rice Dessert A Choice
      60 words
    • Advertisement
      Page 12 Advertisements Column 4
      179 12 MJ| "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. isi M ISrMmNI (Mv nairiv Miriv Mon Chicken Rice $8.50 $1.00 $4.25 Tue NasiGoreng $7.50 $2.00 $3.70
      179 words
    • Advertisement
      Page 12 Advertisements Column 5
      87 12 It. i i Cmxdc Coffeehouse Ist floor Thailand at Chatterbox Coffeehouse 9 to 23 May 1999 Enquiries: 831 6291 Si/ugaporr 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 DAILY LUNCH BUFFET AT 112.00++ O 5-COURSE ALA CARTE SET PINNER with free flow of house wine, beer and
      87 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      881 12 UttVPTIC CROSSWORD (7)' 29 Enduring pain (9) 8 gainst a lengthy party (9) YESTERDAY'S SOLUTION DOWN 13 ie cause of renewed ill-feel- Idlolmlelsltl i Iclslelrlvlalnltl ing (7) 11BEB EMyMTMirW¥BBm 2 A letter from Greece the c ,sltlalbllieimlalhßsMrlelr tn\ 15 He s offered silly sum bitter mJ board find inconsistent (7)
      881 words
Page thumbnail Page 13
  • COMPANIES & MARKETS
    • Article
      Open market share buyback proceeds considered dividends
      543 13  -  SES offers special CLOB counters; IRAS will amend Income Tax Act By\ Soh Tiang Keng [SINGAPORE] Proceeds from share buybacks on the open stock market will now be treated as dividends, just like those from off-market buybacks. To facilitate the tax refinement on
      543 words
    • Article
      Lock icon Analysts expect SIA net profit to rise 3-17%
      368 13 AFX-Asia [SINGAPORE] Singapore Airlines Ltd's net profit preextraordinaries for the current year to March is forecast to rise 3-17 per cent to $1.06 billion to $1.2 billion following its better-than-expected results in the year to March 1999, analysts said. The improvement in
      AFX-Asia  -  368 words
    • Article
      Lock icon 'Bubble' unlikely as Asian stocks rally: IMF
      225 13 Bloomberg [HONGKONG] This year's rally in Asian stock markets doesn't risk creating a new "bubble" in asset prices, Michel Camdessus, chief executive of the International Monetary Fund, said yesterday. "We are beginning to see the stock markets acknowledge economic strengthening in regional economies.
      Bloomberg  -  225 words
    • Article, Illustration
      IMF spells out its concern about Wall Street
      909 13  -  HOCK LOCK SIEW Anthony Rowley THE International Monetary Fund does not often go public with forecasts of where stock markets and currencies are headed but when it does, the results can be interesting and investors would be well advised to sit up
      909 words
    • Article, Illustration
      Lock icon SingTel, Shanghai telco to explore value-added links
      366 13  -  They aim to enhance telecom* services for corporate users By 1 Teh Hooi Ling [SINGAPORE] In line with its strategy to build a strong regional network, Singapore Telecom yesterday said it has agreed with a Shanghai telco to look into, among other things,
      FILE PHOTO  -  366 words
    • REGIONAL COMPANIES
      • Article
        MSCI makes no move to reinstate Malaysia in indices
        444 14  -  Bat analysts still expect M'sia to be back in indices by third quarter From. Eddie Toh in Kuala Lumpur IN an announcement that could nip a recent run-up in Malaysian stock prices, the influential Morgan Stanley Capital International did not reinstate
        444 words
      • Article, Illustration
        Lock icon Thai Farmers Bank posts 9b baht loss in Q1
        244 14 Bloomberg [BANGKOK] Thai Farmers Bank pel, the nation's thirdlargest commercial bank, lost a consolidated 9.1 billion baht (*****.3 million) in the first quarter as it set aside money for defaults and suffered losses at several units. The loss the bank's fourth
        Bloomberg; FILE PHOTO  -  244 words
      • Article
        Lock icon Sime Darby unit to sell stake in UMBO Insurans
        274 14 Buyer M&yb&n Assurance will make general offer later AFX-Asia [KUALA LUMPUR] Sime Darby Bhd said its unit Sime Bank Bhd has proposed to dispose of its 77.24 per cent stake in UMBC Insurans Bhd to Malayan Banking Bhd unit Mayban Assurance
        AFX-Asia  -  274 words
      • Article
        Lock icon Wing Tai project rakes in HK$4b in 3 days
        198 14 Reuters [HONGKONG] Singapore property developer Wing Tai Holdings Ltd said yesterday its residential Waterfront development in Hongkong had raised HK$4 billion (*****.2 million) in sales over three selling days, with 80 per cent of phase one sold. Wing Tai is leading
        Reuters  -  198 words
      • Article
        Lock icon TAC Jan-March loss at 298m baht
        241 14 Bridge News [BANGKOK] Singapore-listed Thai mobile phone operator Total Access Communication Pic (TAC) announced in a statement over the weekend that it posted a Jan-March net loss 0f298 million baht (5513.7 million) due to a foreign exchange loss of 776 million baht and despite
        Bridge News  -  241 words
      • Article, Illustration
        Lock icon HK cyberport rents to be competitive
        245 14 Developer P&c Century makes bid to attract hi-tech firms Bridge News [HONGKONG] Office rental prices at the Hongkong government's hi-tech cyberport project will be set at a competitive level compared with rents on the US West Coast and Texas, said Singaporelisted Pacific Century chairman
        Bridge News; FILE PHOTO  -  245 words
      • Article
        TRI names Chase to advise on financial restructuring
        388 14  -  Top worry is RM2b eurobond redemption due in October From Ruth Wong in Kuala Lumpur DEBT-saddled telecommuni-cations-based Technology Resources Industries Bhd (TRI) has appointed American banking group Chase Manhattan (SEA) Ltd to advise on its financial reorganisation. In a short statement yesterday,
        388 words
      • Article
        Lock icon STI set to rise but analysts differ on upside range
        438 14 Reuters [SINGAPORE] Singapore stocks have had a good run in the first five months of 1999, rallying more than 30 per cent, but analysts wonder how much more upside is left for the rest of the year. A Reuters poll
        Reuters  -  438 words
      • Article
        OUB cuts down Lion Asiapac stake to 4.96%
        137 14 [SINGAPORE] Overseas Union Bank Ltd has pared down its interest in listed Lion Asiapac from 12.78 per cent to 4.96 per cent. The mainboard-listed bank group sold 17.98 million shares in the company over two days last week. On Thursday, OUB sold
        137 words
      • COMPANY Briefs
        • Article
          More on Pan-United's property assets
          47 14 [SINGAPORE] Adding to its 1968 annual report, Pan-United yesterday said its investment property at The Octagon at Cecil Street comprises three unit spaces and the carpark. Based on valuations in August 1988, it said the value of the three units is ta&BmilHgn.
          47 words
        • Article
          Isetan names non-exec director
          24 14 [SINGAPORE] Isetan (Singapore) has appointed Akiftuni Morlta as a nonexecutive director. Mr Morita, 48, joined Isetan Company in 1972. f
          24 words
        • Article
          ATD shareholder sells 500.000 shares
          59 14 [SINGAPORE] Alliance Technology and Development (ATD) yesterday said s substantial shareholdsrS A Shee Co sold 800,000 shares at 38 cents apiece last Friday. 8A Shee Co now owns 5.2 per cent of ATD's share capital, and about one million warrants. Chwee Meng Chong, a director
          59 words
        • Article
          Excel gets nod for rights issue
          36 14 [SINGAPORE] Excel Machine Tools has received in-principle approval fbr its rights-cum-warrant issue. It is issuing four rights shares with throe free warrants fbr every 10 existing shares held. i 'liiU.':at
          36 words
        • Article
          KIO not deemed substantial FCC owner
          30 14 [SINGAPORE] Following the passing of the Companies (Amendment) Act 1988. Kuwait Investment Offics (KIO) is no longer a deemed substantial shareholder ofFirst Capital Corporation.
          30 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Global Crossing, US West confirm US$37b merger
        330 15 Second big deal for Global Crossing this year after buying Frontier Corp Reuters [DENVER] Global Crossing Ltd, a fast-growing telecommunications firm that went public last August, and US West Inc, a regional Bell company, confirmed yesterday that they would merge in a stock
        Reuters  -  330 words
      • Article, Illustration
        Lock icon Hoechst, Rhone-Poulenc revise merger plan
        486 15 Companies will ask shareholders to vote on plan in Jnly Reuters, Bloomberg [FRANKFURT] European pharmaceutical companies Hoechst AG and Rhone-Pou-lenc SA yesterday unveiled a revised plan to merge in a 20.5 billion euro (5537.3 billion) share swap aimed at quelling any remaining opposition to their
        Reuters,; Bloomberg; REUTERS  -  486 words
      • Article
        Lock icon C&W Optus faces bid war as rival buys 10% of AAPT
        447 15 Block deal at A 55.70 a share beats C&W imit's hostile Ass bid Reuters, Bloomberg (SYDNEY] A white knight has trumped Cable Wireless Optus Ltd's hostile bid for telecoms carrier AAPT Ltd, buying a 10 per cent stake yesterday,
        Reuters,; Bloomberg  -  447 words
      • GLOBAL Briefs
        • Article
          Lock icon EC approves Renault-Nissan tie-up
          71 15 AFP [BRUSSELS] The European Commission yesterday approved the capital tie-up of Japanese carmaker Nissan and its French counterpart Renault, a spokesman said. The alliance "will not create a dominant position in the market", he added. The carmakers said in March that they had agreed to an
          AFP  -  71 words
        • Article
          Lock icon CBR profit up 35% in 2nd-half
          51 15 Bloomberg [SYDNEY] CSR Ltd, Australia's largest building and construction materials maker, said yesterday that second-half earnings rose a better-than-expected 35 per cent. Earnings for the six months ended March 31 rose to A 5150.7 million (*****.8 million), taking the year's profit to A 1351.1
          Bloomberg  -  51 words
        • Article
          Lock icon Sony to reform group pay structure
          80 15 Reuters [TOKYO] Sony Corp will not spare the group's traditional Japanese pay structure in the drive to raise efficiency. "We hope that within three years each of our business groups will have different pay structures in accordance with their business performances," Sony's co-chief executive
          Reuters  -  80 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Deutsche income up 25% in Jan-April
        433 16 Results boosted by trading profit; growth slower than 3&5% rise in Q1 Bloomberg, AFX-Asia [FRANKFURT] Deutsche Bank AG, Europe's largest bank, said net income grew 25 per cent in the first four months of 1999, boosted by its trading profit. Operating profit through April
        Bloomberg,; AFX-Asia  -  433 words
      • Article
        Lock icon Prudential unit takes 24% stake in broker Han Jin
        344 16 US firm will pay US$42Ol, have 3 board members Bloomberg [SEOUL] Prudential Asset Management Asia Ltd, a unit of the largest US life insurer, said it will pay US$42 million (5171.8 million) for the largest stake in Han Jin Investment Securities
        Bloomberg  -  344 words
      • Article
        StarHub names ABN Amro to underwrite loan
        382 16  -  $825 m loan based on 10-yr tenure, 6<fc4o debt equity ratio By 1 Teh Hooi Ling [SINGAPORE] Singapore's second basic telecoms operator Star Hub has appointed ABN Amro Bank NV as the lead arranger and underwriter for its $825 million project finance facility.
        382 words
      • Article
        Lock icon Osaka and Kinki banks to merge
        205 16 Bloomberg [TOKYO] Daiwa Bank Ltd, Japan's twelfth largest lender, said its two regional partners, Bank of Kinki Ltd and Bank of Osaka Ltd, will merge on April 1 and take over Daiwa's smaller clients. Daiwa will focus on its larger corporate clients. The banks
        Bloomberg  -  205 words
      • SMALL Change
        • Article
          Lock icon Deutsche Bank denies takeover report
          79 16 Bloomberg [FRANKFURT] Deutsche Bank AG, Europe's largest bank, has rejected a report that it Is about to annotmee me takeover of UniCredito Italiano SpA, Italy's No 3 bank Handelsbkut, a German business dally, sakl in an excerpt from yesterday's edition the takeover could either take
          Bloomberg  -  79 words
        • Article
          Lock icon IPE joins group in energy bid
          126 16 Reuters [LONDON] A consortium including London's International Petroleum Exchange (IPE) is to bid for management of the UK's wholesale electricity market, which is due to be restructured next year, the Financial 7f/nes reported yesterday. UK director-general for electricity and gas supply Callum McCarthy has
          Reuters  -  126 words
        • Article
          Lock icon Opec crude output drops in April
          87 16 Reuters [NICOSIA, Cypnfls] Crude oil production from Opec members excluding Iraq dropped by 1.79 million barrel* per day (bpd) in April to 23.53 million bpd and the compliance rate of the 10 with newly-pledged cuts was 87 per cent, the Middle East Economic Surucy
          Reuters  -  87 words
        • Article
          Lock icon AXA sees sales rise 3.9% in Q1
          61 16 Bloomberg [PARIS] AXA SA the world's largest insurance company by revenue, said yesterday first-quarter sales rose 3.9 per cent on growth in life insurance ami asset management Sales rose to 106.4 billion French francs (***** billion) as life Insurance revenue rose 11.2 per
          Bloomberg  -  61 words
        • Article
          Lock icon Platinum demand up 4% in 1998
          70 16 Bloomberg [TOKYO] World demand for platinum rose to 166.4 tonnes in 1996, up 6.8 tonnes from the previous year, helped by increased demand by China, said Johnson Mattheyplc,a precious metals manufacturing and China's demand for the metal to use in jewellery surged 70 per
          Bloomberg  -  70 words
      • Article
        Futures close lower in volatile trading
        153 17 Reports MS& Singapore Index THE MSCI Singapore Index plummeted at the open after Wall Street's fall on Friday and ahead of banking liberalisation measures. Deputy Prime Minister Lee Hsien Loong's announcement of the lifting of foreign limits on local bank shares sent ripples of
        153 words
      • Article
        Futures edge down on fears of US rate hike
        199 17  -  MSCI Taiwan Aitnres Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures fell slightly amid concerns over possible rate rise to be determined by the US Federal Open Market Committee at today's meeting. Despite speculation that Morgan Stanley Capital
        199 words
      • Article
        Lock icon Oil prices fall on renewed concerns over poor refinery profit margins
        291 17 ENERGY REPORT Reuters [LONDON] World oil prices slipped yesterday amid renewed concerns that refinery profit margins were not good enough to sustain international crude prices. Benchmark Brent blend crude oil for July traded 26 cents lower at U5515.68 a
        Reuters  -  291 words
      • Article
        Lock icon CURRENCY REPORT
        307 17 Reuters Loadi THE dollar paused for breath yesterday after speeding to two-month highs against the yen but further gains are seen later in the week given the confluence of factors that point to both dollar strength and yen weakness. The dollar rose against the yen after US Treasury
        Reuters  -  307 words
      • Article, Illustration
        Untitled
        1092 17 urrwBAMKCRQgS RATES p* m y, ww, m i tnr*u n» s$ tmt m n%%m Hmt uss im m t2£ J£ VE S5 £21 £5551 «°S l,M33JM 105 4a3 a?**** o.«> 0*3 CDfeu 0 «5 nm S 1225 2390 U22 ***** 25J72 U67 4.250 1027 ***** 25.426 0.422 0.682 2? !SS»iii
        1,092 words
      • Article
        Untitled
        1522 17 si COM rUTUKES \f ay 1: R0Rin<MarticlMli9ai<tSJ0m) 1551 CONTRACTS cnfe/kg) ClOM VotaM OM Lo, Stt llww,) It£g J«m 99 W150 SO JlHW 104.25 775 M.H 375 S|L 3S rSS RSS 3 CONTRACT (US canta/htf Mm Opto *0, Low Srtt (tomm) 5U0 225 1235 *75 75 NM «U5 75 (WO 5*
        1,522 words
    • Article, Illustration
      Lock icon HONGKONG
      1362 18 AFP QHangSeng -266J2 HONGKONG share prices dropped 2.1 per cent yesterday on continued profit-tak-ing after worries over a US interest rate hike sparked a downturn on Wall Street, dealers said. "Investors are worried about the possibility of a rise in US interest rates" at today's US Federal Reserve pol-icy-making
      AFP  -  1,362 words
    • Article, Illustration
      Lock icon CHINA
      506 18 Reuters FlShemfaenßladei +021 SHENZHEN'S Hongkong-dollar-de-nominated B shares closed a touch higher yesterday, making a technical rebound from profit-taking pressure. The B share index rose 0.27 point to 55.64 on turnover of HK$6.5 million, compared with HK$5.3 million on Friday. "There's no strength behind today's buying," a J&A Securities analyst
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  506 words
    • Article
      Lock icon TAIPEI
      340 18 AFP Qwriafai +2302 TAIWAN share prices closed 0.3 per cent higher yesterday but late profit-taking offset earlier gains, dealers said. Bullish sentiment drove share prices up by as much as 1.7 per cent during the session on expectations of an increased weighting of Taiwan stocks on Morgan Stanley Capital
      AFP  -  340 words
    • Article
      WORLD STOCK MARKETS
      1846 18 —>n >«*B«tiliii rtmt *t31 Or oup 6.97 -0.T1 Abbay National 12.95 -0JO A B food! 4.67 -0.17 A 6 Porta 2.80 -0.03 AManca 6 Lalcastsr 8.35 -0.16 AIM Domocq 5.31 0.04 AlHad Zurich 7.t5 -0.55 Anglo Amortcan Gold 40.10 -0.50 ASOA Group 190 -0.01 Bank of Scotland
      1,846 words
    • Article
      Lock icon TOKYO
      1549 18 AFP nWikka22s -389,37 SHARE prices in Tokyo closed 2.3 per cent lower yesterday, pressured by a decline on Wall Street last week, brokers said. The key Nikkei index lost 389.37 points to finish at 16,421.02. Trading was moderate with volume estimated at 578 million shares, compared with 728 million
      AFP  -  1,549 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8551 19 Cmmmt prefects 1999 Lest Vol Day Net Cap Law Ciiwy Ml -QOO High Lew P/E $aMI 330 2S3 AJinomoto 3)6 ITA 128.1 M 46 titgmia 83 unch 96 84 81.5 122.4 283 220 Apollo Food Hlg 255 1 1 2S5 255 8.9 102.0 204 115 Berfeye Land 172 4 1341
        8,551 words
      • Article, Illustration
        Lock icon Speculative buying trims early losses
        367 19 AFP QComposite Index -196 MALAYSIAN share prices closed 0.5 per cent lower yesterday in heavy trade due to profit-taking on index-linked stocks, dealers said. They added, however, that speculative buying of selected stocks offset earlier losses. A dealer with a local brokerage said the stock
        AFP  -  367 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2014 20 tlWHWi ttMItt I TftWIim > Vol Day Lwl Own A*f Law Stwa Campany w« COOO) Htfh Law Buyar Sailor Prtea fjT 3 S 3160 "Aeaf ******1 l)S$ 21.5 5 359 23 21 2V5 22 35.5 4.5 3164 Aetna W*****4 27 -2.5 $73 30 27 27 28.5 30 30 16 S
        2,014 words
      • Article
        Haw Par wrt benefits from MAS initiatives
        202 20  -  WARRANT WATCH By Ven Sreenivasan THE warrant of conglomerate Haw Par Corp recorded its largest ever single-day surge yesterday as it leaped 35 cents, or 41 per cent, to $1.20. The surge came on the back of a 39-cent, or 14 per cent,
        202 words
      • Article
        CLOB INTERNATIONAL
        199 20 Of Qf M W> V* Day Last Om(i Dtv Mv YM Nat M Cas HHH L— Stm Ca<n»any roooi La. 8»y» S—ac Cw »/t frn* 345 173 5123 C0tC2OOO)MK 325 id 310 325 3.7 23 II ***** 5T24 Cathay Pac 20c HK_720 265 2J 74 6 *****.4 5125
        199 words
    • Article, Illustration
      Lock icon JAKARTA
      648 20 AFP D Composite Index jg INDONESIAN shares closed down 0.1 per cent yesterday amid concern over a possible US Interest rate hike, but pulled off their lows by rises in some blue chips and banking stocks, dealers said. A Hardita Kencana Securities analyst said the market was also "nervous"
      AFP  -  648 words
    • Article, Illustration
      Lock icon BANGKOK
      895 20 AFP DSETMg -728 THAI share prices fell 1.5 per cent yesterday on concerns that the US Federal Reserve may consider an interest rate hike at a meeting today, analysts said. The decline on regional markets and Wall Street on Friday also dampened sentiment and many investors remained cautious amid
      AFP  -  895 words
    • Article
      Lock icon MANILA
      298 20 AFP Qjufc -49J6 PHILIPPINE share prices closed 2 per cent lower yesterday on fears that US Interest rates may rise. The Philippine Stock Exchange Composite Index fell 49.16 points to 2,453.59. Volume rose to 8.36 billion shares while value fell to 2.92 billion pesos compared to 7.56 million shares
      AFP  -  298 words
    • Article
      Lock icon SEOUL
      386 20 AFP POmpoßtehta -20 SOUTH Korean share prices closed yesterday 2.7 per cent lower in line with falls on Wall Street and other regional markets amid fears over US interest rates, dealers said. They said the nydn index fell sharply on heavy pro-gramme-selling sparked by weaker futures and a falling
      AFP  -  386 words
    • Article
      Lock icon SYDNEY
      652 20 AFP □AJlOrdmnee -17 FEARS of a looming rise in US interest rates drove the Australian stock market down 2.2 per cent yesterday in its biggest percentage Call in eight months, brokers said. The All Ordinaries Index closed down 66.7 points at 2,988.30. The All Industrials Index fell 139.6 points
      AFP  -  652 words
    • Article
      Lock icon WELLINGTON
      253 20 AFP Qwdlington -412 NEW Zealand shares lost 2 per cent yesterday amid growing fears about the direction of US interest rates and ahead of domestic Budget and monetary policy releases this week. The NZSE-40 Capital Index was down 46.2 points at 2,205.12. AFP b» *h rmm Advantage HOS 1.63
      AFP  -  253 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6777 21 Transaction date: May 17 Of Cf M Wt Last Vol Day Last Ouota Dlv Olv YM Nat Cap Avg Ht O Law St No Company Sal* COOP) High Low Buyf SoWof H C'yr P/E $mtl Prlco MULTHNDUSTVY 12? 17.5 m b 1000 Acma SOc
      6,777 words
    • Article
      SESDAQ
      1346 21 01 Or M Wt *> LMt V«t D*y LMt OlMt* Dtv Dtv Vld Ndt Ca» Avfl L— »M— Ciwpwy COOP) b— 84—c Cw >/l $W Wet 3b 142 30 c 2049 *ASAut0l0c >13 -4 IW7 nt 113 113 114 IS N T U 10.7 129 116 83.5 45 C
      1,346 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        430 22 stocks VotoHM Frt Links 20e 29,565,000 ST Capital 25c 27,959,000 Li Xin 10c 17,837,000 CM Telecom HK75c 17,564,000 PCI 25<? 16,163,000 Chosen Hldgs 10c 15,035,000 S Chance 10c 14,243,000 Labroy M 20c 12,773,000 Liang Huat 10c 12,471,000 Uraco HldgslOc 11,860,000 Stocks SIA 65,272,616 SIA Foreign 54,616,700 SPH 25,401,216 Labroy M
        430 words
      • Article, Illustration
        Investors chase shares of firms linked to local banks
        638 22  -  STOCK MARKET COMMENTARY Interest in them sparked by MAS announcement of measures to liberalise banking industry By Ven Sreenivasan STOCKS of companies seen as potential beneficiaries of the financial reform hogged the limelight yesterday. Interest in them was sparked by the
        638 words
      • ON THE GRAPEVINE
        • Article
          Yahoo! way to wealth
          69 22 YAHOO!, a US Internet company listed on the US Nasdaq exchange, is worth more than the entire Jakarta Stock Exchange, we're reliably told. Not bad for a company that is less than 10 years old. For people used to getting rich in the traditional Indonesian way,
          69 words
        • Article
          Colour me blue
          90 22 NOT too long ago, we ran a snippet in this column which mentioned that one regret OCBC chief Alex Au had about leaving Hongkong was that he had to leave his blue Porsche behind. Apparently, blue could be Mr Au's favourite colour, based on one response we
          90 words
        • Article
          Things people say about Microsoft
          64 22 SOME of the things they say about Microsoft never fail to amuse. Take this remark by a Russian computer programmer in an interview with Newsweek magazine. Explaining why he turned down an offer to work for the world's biggest software company, he said: "When you've
          64 words
        • Article
          Not much of an option
          91 22 BEING granted a share option in France could make you broke, according to a recent report in Forbes. Under the French tax code, if a person exercises his option within Ave years of the option being granted, he could face a tax rate up to
          91 words
        • Article
          Just a question of price
          148 22 SOME things may be pretty obvious but it appears they still have to be said. KLW Holdings' executive director Lim Kok Hui was explaining the other day that the door and flooring manufacturer decided to move into the HDB market last year when it became
          148 words
      • Article, Illustration
        HOT STOCK
        62 22  -  -By Ven Sreenlvasan HAW Par Corp exploded into life following the banking liberalisation announcement yesterday. The counter looks set to blast past the $3.20 resistance level this week, fuelled by the prevailing momentum. However, its medium-term support is at around the $2.80 level, which is where the counter
        62 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      31 13 mm Kill an I M w?r- Ermenegildo Zegna Grand Opening in two days Ermenegildo Zegna #01-34, Paragon 290 Orchard Road Singapore Pa rp o'nn (65) 735 8147 CA>J. CvCk Ull www.zegnaermenegildo.com
      31 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      37 14 Classified First. lIP Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. fa i CAT A J Buy It. Sal It Find It
      37 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      82 15 B Cross the world IT in one elesant H movement J HI JH HnNH I I Reverso Duo owes its B intriguing double lite to I nM I■ movement, the kind of I ■>: unique creotion thot the Reverso hos inspired for over sixty veors. Our < I wotohmokers love
      82 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      96 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samrm Full nonynee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      96 words
    • Advertisement
      Page 16 Advertisements Column 2
      113 16 "HANG ON TO YOUR HAT y AND SMASH YOUR CRYSTAL BALL." ini mnii or 1 Tom Peters not your imagination really happening. And it's called The Power of Corporate Kinetics, the first new business model for today's unpredictable world. Learn how leading companies and people everywhere are starting to become
      113 words
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      1328 22 Is your portfolio lagging the hot bull market? You need DBS Investor Online! Get the Best. Cai 1 438-1188 today. QDHSBANK NOTICES___ T o advertise call 1011-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KINGSWAY SPORTS PTE
      1,328 words
    • Advertisement
      Page 22 Advertisements Column 2
      14 22 To advertise your NOTICES simply fax: 741 1298 or Call tollfree: 1800 741 1883
      14 words
Page thumbnail Page 23
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      147 23 Bridge News Reuters PANAMAX rates remained easier in slow trade, brokers said. Further losses on Biffex were curtailed due to weekend profit taking, Clarkson Securities Ltd said in its daily Biffex market report The BFI dropped 14 points to 1,063. Volume totalled 42 lots of which Jun traded
      Bridge News; Reuters  -  147 words
    • Article
      MARITIME STOCKS
      248 23 mm m CWT attribution 0.99 -0.02 173 Coko InvMtirwrrt 101 -0.01 SI frttght Unkc 032 OOI 299*5 GBHoMngt 063 -OOI 76 Hal Sun Hup 0.76 -0.02 4TO IMC Hq—ngt-HK—&60 unch 0 JUOTSMffard TM 04S 512 KmtKmp 4.9® OJO 3443 MwmfCU ...AM unch 0 IU9»al Marina 2.07 OJOA 349
      248 words
    • Article
      Port Klang can become region's premier port
      456 23  -  Malaysian port must be efficient and offer quality service: Mahathir By] Felix Chan [SINGAPORE] Port Klang could emerge as the region's foremost port if it offers quality service and is run efficiently, Malaysian Prime Minister Mahathir Mohamad said yesterday. Speaking at the opening
      456 words
    • Article, Illustration
      Lock icon Norwegian feat
      44 23 [BREMERHA VEN, Germany] People watch the cruise liner Norway of the Norwegian Cruises company leaving a dock after some repairs and checks at the Lloyd Shipyard in northern German city ofßremerhaven. The 315-metre long Norway is the world's longest cruise liner. REUTERS
      REUTERS  -  44 words
    • Article
      Lock icon Cargo ship aground posing risk to reef
      203 23 AFP (BRISBANE] A cargo ship ran aground on Australia's Great Barrier Reef yesterday, sparking alarm about the possibility of an environmental disaster. Environment minister Robert Hill demanded a full report into shipping around the World Heritage-listed reef after the Panamian-regis-tered ship, the New
      AFP  -  203 words
    • Article, Illustration
      Libyan shipping specialist to increase Far East runs
      281 23  -  By\ Marcus Hand [SINGAPORE] Libyan shipping specialist Arabian Asian Shipping Co (AASCO) is planning to increase its Far EastLibya service to weekly in the near future. AASCO started the service between Asia and Libya just over a year ago and has seen
      281 words
    • SHIPPING NEWS
      • Article, Illustration
        Liberia ends dispute with flag administrator IRI
        380 24  -  Parties concerned sign agreement ending all litigation Reports by] David Hughes in London THE Liberian government and its current flag administrator IRI have settled their bitter dispute which had cast a shadow over the future of the register which is, after Panama, the
        380 words
      • Article
        ABS says its ships have best port control record
        249 24 AMERICAN Bureau of Shipping (ABS) has claimed it has the best port control record of all the International Association of Classification Societies members. The US-based society says newly released Port State Detention statistics, issued by the US Coast Guard and the
        249 words
      • Article
        Thefts of containers start again in HK
        137 24 TWO years ago, a series of scams involving bogus shippers in Hongkong cost several operators over US$l million (Ssl.7 million) in stolen reefer containers. Now, according to the TT Club's email newsletter TT News, the problem has resurfaced and a TT member in
        137 words
      • PORT Shots
        • Article
          Bimco rejects charter party
          89 24 A NEW charter party released earlier this year by sugar traders puts owners at a "significant disadvantage" and should not be used, according to Bimco. The international shipping organisation claims that the Sugar Charter Party 1999 promises to create a number of problems a shipowner. It
          89 words
        • Article
          UK college launches degree
          89 24 THE UK's Southampton Institute, through its Maritime Faculty and Warsash Maritime Centre, is to offer a course leading to a degree in Maritime Studies and also to a certificate of competency as either a deck or engineer officer. Warsash's director. Captain George Angas, said the new
          89 words
        • Article
          Germanischer Lloyd profit drops
          111 24 GERMAN classification society Germanischer Lloyd (GL) reported a lower pre-tax profit for 1998 of 4.8 million deutschemarks (554.47 million) against 6.1 million marks in 1997. However, turnover rose by 3 per cent, to 277.9 million marks despite "much more difficult market conditions" resulting in part from
          111 words
        • Article
          MSC's heavy workload
          79 24 MEMBERS of the International Maritime Organisation's (IMO) Maritime Safety Committee (MSC) face a busy 10 days when they meet in London this week. The committee will consider amendments to the International Convention on Standards of Training. Certification and Watchkeeping for Seafarers (STCW) as well a number of
          79 words
        • Article
          Calcium hypochlorite danger
          80 24 THE London P&I Club warns that stowage recommendations in the International Maritime Dangerous Good Code covering shipments of calcium hypochlorite may not give adequate protection. The code says calcium hypochlorite (hydrated) should be stowed away from sources of heat where temperatures in excess of 55C will be
          80 words
        • Article
          PRS expands in Greece
          48 24 POLISH-based classification society Polski Rejestr Statkrw (PRS) has moved to larger offices in Piraeus. The International Association of Classification Societies (LACS) associate member says that since opening a Piraeus office in 1966, PRS has broadened its activities throughout the East and Central Mediterranean region.
          48 words
    • Article
      SHIPPING SCHEDULES INDEX
      196 24 PACE Dongnima 3 ACL 6 ECU Line 6 ANL 3 ECL 4 Accord 8 Appenship 5 Foon un Austral 8 G n,l BaiajiShpq 4 Gemartrans 6 BSA Hangli 7 B'tanq Mas t 3 CCNI 7 CW ICFS 3 C0SCI1 5 M 9 csav a Intertransport 5 Central
      196 words
    • Article
      SHIPPING GUIDE
      20076 31 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Destn Name Name Number Number 09/04 05/07 C05C0 EVER GENTLE 0001W 65-*****00 To ABU DHABI (AUH) 2004 U.A.Emirates 09/06 0S/07 Kien Hung freedom container fr*hs 65-*****11 30/05
      20,076 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        499 35 Vassal Voy Wo Bfth Arrival Paparturt Batam Indaft BI9KJ1 PWIA alongside 17.05/1200 Mam Murm *****9 PWU alongside 17.05/2300 Batam Speed6 B316A PWU alongside 17.05/1400 Batamindo 2 2070S PW6 alonqsKk 17.05/2000 Batamindo 3 3745S PW7 itooqsxM 17.05/2000 Budi Jasa 9 107A99 PWU (tongside 17.05/1300 Cape Mofeton 07N/99 PW6 alongside
        499 words
      • Article
        CONTAINER SCHEDULES
        1838 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bolance Rstls Ship Voy Ho Etb/Btr Ptrlod From Jo From Acs MflM 0211 14/1800 U 17/1500 17/*» 17/1*00 N 17/800 n/1659 17/1900 MHyi2 MM 19/1500 U 17/1500 17/N99 IT/B00 II 17/1500 17/1659 17/1900 2A 17/1700 N/0659 N/0900 21 17/1700 N/0659
        1,838 words
      • Article
        GLOBAL HOLIDAYS
        172 35 May 24 Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada: Victoria Day. Denmark: Whit Monday. May 29 Indonesia: Waisak Day. May 31 Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment. Jon 3 Austria: Corpus Christi. Jan S Denmark: Constitution Day.
        172 words
      • Article
        COCKETT BUNKER MARKET REPORT
        799 35 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        799 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        425 35 Carte* 180 Max 990.0 0.9 19JB 0.09 75 0.09 M*yU Density Water RmMm Art /Uwit— Si«wH No abOM E25 0 0 1 0 0 0 %MM 300 AM 907.5 0.4 13.5 0.07 36 0.02 (na 380 Max 9917 18 19.5 0.09 56 0.04 M/Wl %M/M rni
        425 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon PAL survival plan gets SEC backing
        665 36 KEEPING PAL AFLOAT Creditors representing 55% of airline's debt have approved the plan AFP [MANILA] Debt-laden Philippine Airlines (PAL) won another reprieve yesterday when the Securities and Exchange Commission approved its rehabilitation plan despite dissent from the US Export-Import Bank. The flag carrier's viability
        AFP; FILE PHOTO  -  665 words
      • Article
        Lock icon EON expects to sell more cars this year
        234 36 Economic recovery will boost sales, says M'sian car distributor Bloomberg [KUALA LUMPUR] Edaran Otomobil Nasional Bhd, the distributor of Malaysia's best-selling Proton car, said it expects to sell 48 per cent more cars this year compared with 1998 as the country's economy
        Bloomberg  -  234 words
      • Article
        Lock icon Iberia pilots reject contract offer
        238 36 Reuters [MADRID] The union representing Iberia airline's pilots has rejected a contract proposal which the Spanish flagship carrier had said would be its final offer, state radio reported. But officials of the union, SEPLA, said they had no plans to call a strike against the
        Reuters  -  238 words
      • Article
        Lock icon Alitalia weighed down by Kosovo crisis
        104 36 Reuters [MILAN] Italian flag carrier Alitalia sees a first-half operating loss, weighed down by the Kosovo crisis. "The war in Kosovo is penalising Alitalia flights. Planes are clocking up delays because of the restricted air space and so the company's network is just not
        Reuters  -  104 words
      • Article, Illustration
        Lock icon China's Jan-April spending on railways totals 10.9b yuan
        220 36 Reuters [BEIJING] China invested 10.9 billion yuan (552.23 billion) in railway construction in the first four months of 1999, the official Xinhua news agency reported yesterday. It said Ministry of Railways invested 9.2 billion yuan, accounting for 23 per cent of its
        Reuters  -  220 words
      • LOG Book
        • Article
          Lock icon Emirates rules out regional alliances
          84 36 Reuters [DUBAI] The head of the UAE's Emirates Airlines was quoted on Monday as ruling out possible alliances between regional airlines. Local newspapers reported Sheikh Ahmed bin Saeed al Maktoum, who is also head of Dubai's Department of Civil Aviation, as saying that such link-ups
          Reuters  -  84 words
        • Article
          Lock icon Thai loan for new Boeing plane
          72 36 AFX-Asia [BANGKOK] Thai Airways International will borrow four billion baht (SslB4 million) locally instead of taking out a foreign loan to pay for a new Boeing jumbo jet, the Bangkok Post quoted finance permanent secretary Supachai Pisitvanich as saying. He said the national carrier
          AFX-Asia  -  72 words
        • Article
          Lock icon General Dynamics buying Gulfstream
          121 36 Bloomberg [FALLS CHURCH, Virginia] General Dynamics Corp, the fourth-biggest US defence contractor, was to announce yesterday that it is acquiring Gulfstream Aerospace Corp for US$5.3 billion (SsB billion) in stock, the Wall Street Journal interactive edition reported, citing unidentified people familiar with the situation. The acquisition,
          Bloomberg  -  121 words
      • Article, Illustration
        Lock icon Flower power
        47 36 [TOKYO] Pedestrians receive orchid bouquets from Singapore Airlines cabin crew members in downtown Tokyo yesterday. Singapore Airlines handed out a total of2o,oooorchid bouquets for the promotion of the company's new luxury seat introduced in the first class for the airline's Japan to Singapore route. AFP
        AFP  -  47 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1761 36 CITY FUCHT ETA FUCHT ETP $***** 2359 MUM 8A7381 1930 IA7362 2055 FdwoU S0909 1710 SQ990 0105 1,30 2 ?5 5 CMftQrtMKC $0603 1905 CZ354 0910 -J®"® cos am S0I04 W20 I I SmS VK741 1310 VH740 1410 WctT UM) VN743 1929 SS2 ss KL837 1455
        1,761 words
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      604 23 Liberia ends dispute with flag administrator Parties concerned sign agreement ending all litigation. Page 2 •Mil TNT has appointed Adam Sherman as sales and Hi marketing director of TNT Singapore. Hi Mr Sherman was previously DHL's Belgium-based H regional manager for mail development, responsible for Europe and Africa. Prior to
      604 words
    • Advertisement
      Page 23 Advertisements Column 2
      17 23 PAL survival plan gets SEC backing Creditors representing 55% of airline's debt have approved plan. Back Page
      17 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      793 24 I3UPEH SHUTTLE EXPRESS 11 lOULF KARACHt EXPRESS (CrtOQ rasa votaci ujo SM vßsa IVOYI U I MM I IW I MD km I cm. rptTT^S* 1 OOCLOMIA 31WS1I 05/0$ a/05 ooaatittM Mwstt n/os m/m wbuoyd mhrain ik 12/ M u/m io/m n/«j 00(1 AMERICA 34W520 10/ M M/M PtO NBUOTO
      793 words
    • Advertisement
      Page 24 Advertisements Column 2
      691 24 Line* services represented |-C@l-I by Members o» Regatry of vVpPw Accredited Shipping Agents Singapore SFuppmg Association Members oUhe S^>aPO AS2iSr WllerB SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES J§L SINGAPORE to BATAM. BINTAN. KARHHUW SINGAPORE to BANGKA tSUND A L-kJW SINGAPORE to OLfGON i^rrici SAMARINDA/BAUKPAPIUI/BANJARMASiN TO SINGAPORE** MANIIVSUBIC BAY/LUZON TO
      691 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      1172 25 SAX SERVICE (DIRECT) vesa wr sum uuookpmhoucw ax rem aji ntc APIGMBCT 01 IE 19/05 03/06 01/06 01/06 00/06 00/06 09/06 09/06 10/06 10/06 Aft SUB 011E 26/05 10/06 15/06 15/06 15/06 15/06 16/06 16/06 17/06 17/06 AftIUMUOBE 0251 02/06 17/06 22/06 22/06 22/06 23/06 22/06 22/06 23/06 23/06 Aft
      1,172 words
    • Advertisement
      Page 25 Advertisements Column 2
      2246 25 HANJIN SHIPPING iikPl *NsWr»l« -Urn TtmJt hanjin stum*; (si rn tro it— mouk *****3571/ sub *****74 731 docimit ********** onunons ********** mainum *****55 fu nrnw amns34uooooN TO NW USA A CANADA USA CANADA* wivsi/vor luil s« umhua/voy 5T~| nw rw 61 mi m wt m —nt —pSS rw m —Hm
      2,246 words
    • Advertisement
      Page 25 Advertisements Column 3
      403 25 *KM*f"c ,C ■KjMMg WW 10/05 It/05 ***** 14/05 23/05 2S/05 77/05 20/05 HWOMSWOia 0245 21/05 20/05 30/05 01/04 02A* I |f U4T(HOW6MWt 907S 23/05 2V05 9070 24/05 30/05 01/Q 04/04 05/04 prOVIOCS LVL COIISOIIIIQTIOII TO BIKWSAM 907S 21/05 04/04 04/04 00/04 Qt/04 MOKUm 25S 35/05 01/04 2SO 02/04 04/04 00/04
      403 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      1425 26 DSR-SENATOR LINES TO UK/CONTINENT TOMHHTCRRANBIANiCANADA wi m la inn tm mm mv m vtsia |wv Tai etx tn ros »ic w nUKIMni WOMZ2 14 M KM MM MMM MM CHOYMMCMMCI MHMM22 I 14M HH CM MM MM MM nnoMtaMTm wwa not m m m m r m mm m m
      1,425 words
    • Advertisement
      Page 26 Advertisements Column 2
      908 26 IA|MAG-NELS S PORE M'SIA Bwitan MM conth lines, mc P. OUOANQ: (07) *****26 J cpmiwrmw S®U: (084) ****** lAANBA: (632) *****24 PENANG: (04) *****36 BANGKOK: (682)*****67 SURABAYA: (31) *****0 P KELANG: (03) *****77 JICTi (21) *****07 MPOfc (81) *****3 KUCHMG (082) *****1-8 CALCUnA MADRAS MV "HEIMAR J" V.015N MV "OCEAN
      908 words
    • Advertisement
      Page 26 Advertisements Column 3
      443 26 LINE V JS. Mi US94H nu •■•11 IS MUARA LABUAH 1 vbsb vot nu ra vbsb vot ire m spoh mim spob m CMUMJonviii/WMPon 21/05 utmrnm viu/w Mrarn/K JPOOSPH Vlll/W 22/05 15/05 JPKKTB VIII/W 22/15 2*/05 oyuujon vix/w 2»/os 31/05 cabaaajkot viu/w 20/05 01/00 JPMSPB Vl2l/W 01/00 M/ 00 JWOSPH
      443 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      1575 27 VESSEL VOY KHH HKG SIN PKG PQfl DXB DMM BA BIK IRAN SHAHRYAR PCL-5106 09/06 11/06 15/06 16/06 25/06 26/06 27/06 29/06 01/07 IRAN TABATABAEI PCL-5103 12/05 14/05 18/05 19/05 28/05 29/05 30/05 01/06 03/06 IRAN LORESTAN PCL-5102 19/05 21/05 25/05 26/05 04/06 05/06 06/06 08/06 10/06 IRAN TEYFOURI PCL-5104
      1,575 words
    • Advertisement
      Page 27 Advertisements Column 2
      1899 27 Direct Calls to Kob# (6 Days), 1 Nagoy (7 jgys) Toky (t Days) J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****04 OUTWARD (l/L) I COSTAR SNIPPING PTE LTD #i7-oa dis ildg sales/kkgs 4W5857/60 inward dept (D/o> *****85 COSTAR AGENCIES (M) SDN BND *****25 TEL 02-07-35
      1,899 words
    • Advertisement
      Page 27 Advertisements Column 3
      520 27 CHINA SHIPPING (GROUP) COMPANY |P1 CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE^ WESTBOUND (FIXED WEEKLY SERVICES) VSI VOY TJN CHN SHA HKG S'POM KPM HBO HJC PAN CRYSTAL 9901 06 May 10 May 12 May 16 May 20 May 09 Jon lOJun 12 Jon
      520 words
    • Advertisement
      Page 27 Advertisements Column 4
      29 27 ShippincTimes <"BUSINESSCENTRE Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
      29 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      1355 28 EUBOttAJK/SCANDINAVIA/FINUWD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL I SGP I. DECENT RW-009 22/05 1 OD6 16/06 12/06 14/06 16/06 16/06 E REFINE RE 020 29/04 01/06 30/04 02/05 04/05 23/05 24*5 I. GAINING RW-OM 27/05 11/06 20/06 22/06 E REACH RE423 06/05 OS/OS
      1,355 words
    • Advertisement
      Page 28 Advertisements Column 2
      1078 28 n r 7"= ADVANCE CONTAINER LINES (PTE) LTD -lAI .1 TEL; *****21, FAX: *****19. TELEX: RS ***** ACLPL KM BOOKINGS PLEASC CALL; *****22 SALES A MARKETING *****21-28 OPERATIONS: *****60 *****06 CR NO **********0E IANOKOK 7 fllhmANu" JAKAKTA (7 »IH— VOT «N ""I BKK VESSEL I VOY I SX JKT KOIA
      1,078 words
    • Advertisement
      Page 28 Advertisements Column 3
      558 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN PUI 1 DUt IJW I CFT 1 »q~ NAKUIVBWS VO34S 23/05 31/05 04/0* 07/0* 01/04 11/04 GOIDEN DtAGOW HOI2S. 31/05 W/04 13/04 "Tj/oT 17/04 >035$ 10/04 11/04 M 4 25/04 27/04 W/oT mnAionAGow tons 20/04 w/04 03/07 04/07
      558 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      466 29 i BSA jl MA MYANMA ■BBk FIVE STAR LINE (MyaHMar Notional Lino) v Loading for Yaigon (Rangoon) vsssa vor sin pkl pen fgu ■AGO VIO9W Sift PWYA 163W SIB MALAYSIA AGtNTS: BOUSTEAD SHIPPING AGENCIES KUI: TU (03)*****00 PKL- TU (03)37*6101 PIN: m (04) 2****** PGtfc IE (07) *****21/4 BANK LINE
      466 words
    • Advertisement
      Page 29 Advertisements Column 2
      1248 29 HYUNDA^AERCKANTMARINECOj^^D^^^^^^ IVBSB VOT I SB 1 SOU I LBI I RIM I AWT I HAM BTV 1 fB IVBSB VOT|SQU|IBI|RTB|RNMNAB|BW|FRfsB" a* SS3W 20/05 07/06 12/06 09/0* 10/0* TY* 5271 30/04 01/05 25/04 27/04 19/05 NOIBB 009W 21/05 11/06 12/06 06/06 08/06 DANUB 544( 26/04 01/05 21/04 29/04 20/05 HYCOBBOOORE 319W
      1,248 words
    • Advertisement
      Page 29 Advertisements Column 3
      1045 29 IK ncm«gian speootzed outocamers Gt&MKg Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" Ivtsstl VOT RAMP miGHT ISW I LAX I e»L MIA SAV RAL 1 ORF NYC IKW MOO tampa F9ii 400 Tms 6.3 m "*****" ~2570r 0476T ~6t707~~wJHT7i76TT270T"~m707~ WoT7f7oT" TAiABOT F912 4001 ms 6.3 M 10/06
      1,045 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      1928 30 INDONESIA NATIONAL LINE TO AUSTRALIA WJU. CONTAINER SERVICE w Ivptl rw SW I W W I STB IMal MM I WOW ■BMW lg n/tsn/W 3»/tS U/U 14/14 11/» wßioromi gs p/mw/b m/u n/» »/u n/u lrnK l B/04 OS/W IS/04 71/04 M/U V/U muBMD |m ln/B>n/«J ln/ot|»/otla/g*|«i/i; u/%i FEEDER SERVICE
      1,928 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      46 31 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To PG 6 FULL CONTAINER (every mon/wed/fro EXPRESS SERVICE If MSC Agencies Pte Ltd Turn To <N> NORASIA «NEW SERVICE FROM ASIA TO China Shipping (S) PACIFIC Agencies Pte Ltd NORTH WEST PG 7 BARWIL AGENCIES
      46 words
Page thumbnail Page 32
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      46 33 STEM~fc Dial 740-6000 on demand —(Retrieve more schedules!) st£) Press "V JSelect the port and key in the four digit code -—eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be Shipping Times
      46 words
Page thumbnail Page 34
Page thumbnail Page 35
  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      129 35 LEGEND R Thunderstorm Temperoture c X\ V Shower Weather Wind direction with speed in knots Rom (J Cloudy Sky Wov he 'fl h Surface winds ore indicoted by arrows which Hy with the wind One tun circle represents calm or light ond variable winds i— One holt Heche represents 5
      129 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      183 36 PURSUANT TO AN ORDER OF THE HIGH COURT OF FIJI, written offers' are invited for the purchase of the vessel Woo Yang #205 on an "as is where is" basis. The vessel is constructed and fitted to suit long line tuna fishing. Built in Shimzu, Japan in 1980 Length 0.A.:
      183 words