The Business Times, 19 May 1999

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Microfilm: NL21497
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES M'T A <P) <ua^TT" 85e SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, MAY 19, 1999
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  • Article
    Lock icon MARKET SUMMARY
    65 1 D *****2 (+37.37) BT-SM mat (-10.30) fIsmSCIFDTUIES U 274J0 (+3.60) nMABKETHOODe mama* STOCK MARKET INDICES Tuesday Change KLSE COUP ***** +17.43 NIKKEI 1W7&W -4140 HANO SENO *****.10 +J&50 SET INDEX ***** +1193 JAKARTA COUP __J77JS9 -1191 MANILA COMP_2,4«&3« +14.71 TAIPEI WPI 7J586J1 14J25 SEOUL COMP ***** +11.4C CLSA
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  • Article
    Lock icon FINANCE
    82 1 FOBEX BATES US$ S$ liSS L711 £(l'S$/S$ per 1.823 1777 ELRO(US$/S$ per E) 1.079 1.830 DM 1.838 0.936 YEN 1219 IJ92* RM MOO' 0.460 HKS 7.763 0121 BAHT 3M7 0.040 KUPIAH 7J9S6 0.022 •Ctta IMumit* St to 106 units FWMEIATES SINGAPORE* 5.826 KUALA LUMPUR UM JAKARTA 28.00 BANGKOK 14.75
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  • Article
    Lock icon S'pore market sizzles as banks' local shares jump
    750 1  -  Despite earlier fears of sharp selldown, foreign shares show surprising resilience By' Ven Sreenivasan [SINGAPORE] A rally by finance sector counters kept the Singapore share market on the boil yesterday and carried the Straits Times Index to within striking distance of the
    750 words
  • Article
    Lock icon US central bank leaves rate unchanged at 4.75%
    405 1 2£o&m LATEST Bat Fed hints of rate hike if inflation accelerates Bloomberg [WASHINGTON] After keeping financial markets worldwide in suspense for much of the morning, Federal Reserve policy-makers yesterday signalled that they are prepared to raise interest rates if US inflation accelerates
    Bloomberg  -  405 words
  • Article
    Lock icon SIA looks poised for share merger; deputy chief says statement soon
    628 1  -  By i Conrad Raj [SINGAPORE] A strong hint that Singapore Airlines is merging its Local and Foreign shares came yesterday from its deputy chairman Cheong Choong Kong, who said that the airline would be making a statement on the
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      135 1 msmE Dr Hn an property The Singapore property market has bottomed for now. If demand for property should pick up, the government will do something about it, Finance Minister Dr Richard Hu said yesterday, Pf I Stacks Ut Jittery investors are trimming down their exposure to Indonesia and, in particular,
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      46 1 Bank* can't keep shareholders guessing, Pg 2 SM Lee's concern over family-controlled banks, Pg 2 Looking forward to higher A TM space rentals, Pg 4 More report* A reactions, Pg 4 Yen headed for 140? p g SPH unveils 'win-win' share buyback scheme, p g 17
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      185 1 I am delighted that in their unique Singaporean fashion, the authorities of that country are going towards their own Big Bang 9 IMF managing director Michel Camdessus on Singapore 's banking liberalisation package Full report, Pg 4 US has been playing locomotive for nine years, but all good things come
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  • BANK LIBERALISATION
    • Article
      Lock icon Banks can't keep shareholders guessing
      856 2  -  HOCK LOCK SIEW Louis Beckerling SINGAPORE banks seem to have been poorly prepared for the scrapping of foreign shareholding ceilings in particular, the end it means for separate foreign and local shares. The result was a wild ride for bank shares yesterday, as investors tried
      856 words
    • Article
      Lock icon SM concerned that families would perpetuate control of banks: Hu
      688 2  -  They're not doing enough to anticipate major industry changes: minister By< Carol Eng SENIOR Minister Lee Kuan Yew's recent strident comments about local banks were partly prompted by concerns that most of them were controlled by families and that this
      688 words
    • Article
      Lock icon Expect pressure on interest rate spreads: Hu
      252 2 INTEREST rate spreads will "undoubtedly" come under some pressure with the open-ing-up measures for the banking sector, said Finance Minister Richard Hu yesterday. There is thus likely to be some easing of prime rates, which have refused to budge since January despite growing
      252 words
    • Article, Illustration
      Lock icon In the hot seat
      373 2 DIRECTORS of the five local banks came under scrutiny this week with the introduction of nominating committees whose main job is to ensure that only the most competent individuals are appointed to the board and key management positions. Also, re-appointments of directors will now require the
      373 words
    • Article
      Lock icon IMF lauds S'pore efforts to open bank sector
      274 4 Japanese financial restructuring too late, says Camdessus AFP [TOKYO] International Monetary Fund managing director Michel Camdessus has praised Singapore's efforts to open its financial system as an example for other Asian countries to follow. "I am delighted that in their unique Singaporean
      AFP  -  274 words
    • Article, Illustration
      Lock icon Landlords looking forward to higher ATM space rentals
      537 4  -  As many as 30 ATMs may be looking for homes in high traffic areas By Siow Li Sen [SINGAPORE] Landlords of prime locations can look forward to getting potentially higher rentals for automated teller machine space come September with the issue of
      537 words
    • Article
      Lock icon Singapore banks' Foreign premiums dive to as low as zero in London
      422 4  -  Subsequent recovery of premiums to 10-23% still way below Friday's 45% From Neil Behrmann in London PREMIUMS of foreign tranches of bank shares listed on the Singapore exchange collapsed in London following the announcement of local reforms. On
      422 words
    • Article
      Lock icon Offshore banks more likely to take part in S$ syndicated deals
      417 4  -  Byi Catherine Ong [SINGAPORE] The government's latest move to raise the Singapore dollar lending limits for offshore banks will encourage their participation in Singapore dollar syndicated loans and swaps, bankers said. Giorgio Maria Rosica, general manager for Cariplo Bank,
      417 words
    • Article
      Lock icon S'pore move good for long-term devt
      618 4  -  Bnt rating agencies warn that process may bring new risks From Meera Tharmaratnam in Hongkong INTERNATIONAL bond rating agencies yesterday praised Singapore's moves to liberalise its banking sector, but cautioned that the process could bring significant new risks to the banking sector. "By setting
      618 words
    • Article, Illustration
      Lock icon M'sian banks in Singapore set to expand presence
      531 4  -  Hong Leong Bank looking at it; Sime, RHB seen interested From Eddie Toh m Kuala Lumpur WITH the Malaysian banking sector continuing to be protected, a handful of Malaysian banks are set to expand their presence in the more liberalised environment in
      FILE PHOTO  -  531 words
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      554 2 KPMGSmimiStrits Banking Laws, Regulations Taxation In Singapore 27 28 May 1999, Orchard Hotel Singapore Compliance with banking laws and regulations should be a priority for all bank CEOs. It is important that h«nk personnel are not only conversant with the written laws and regulations, but also their application in practice,
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      122 3 I Mid-Year Exhibition and Sale. The Grand Hyatt, Mezzanine Floor. Today Till Monday Only, 1 lam Bpm I I Only from Mondial... an exquisite ensemble of jewellery at the most preferential prices. Our position of strength as I I Singapore's Premier Jeweller over the last two decades has enabled us
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      27 4 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. |catjSl| Another Classified Service
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      85 5 Congratulations to the Ministry of Finance on the launch of the NFS Financial System May 19, 1999 Ones ttp &Sun L Consulting making IT happen microsystems t M IpHMHRks. I ■iumHHn «l B be v B N. w** wfT 11 iiiii^^^kb^^Huy^H i ttn»i -***** tSS tss a ws is !SL
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Non-oil exports up average 4.1% in April: poll
      417 6  -  Growth will be first in 7 months; region's recovery, electronics demand cited Audrey Tan SINGAPORE'S non-oil exports are expected to have grown an average 4.1 per cent in April its first month of expansion in seven months. Analysts reckon that the regional
      417 words
    • Article, Illustration
      Lock icon NCB aims to quadruple IT firms in upgrading scheme
      409 6  -  2-year plan for 30% ofBoo IT software firms to be in UUP By Jennifer Lien THE National Computer Board wants to quadruple the number of local IT companies involved in its IT Local Industry Upgrading Programme (LIUP) in the next two
      409 words
    • Article
      Lock icon Roofing specialist Hoogoven opens Asia Pacific HQ
      229 6 HOOGOVEN Building Systems, Europe's largest bimetal steel and aluminium producer, opened its first Asia Pacific headquarters in Singapore yesterday. The $10 million investment in the office and factory here is part of Hoogoven's globalisation strategy to ensure a shorter lead time to its
      229 words
    • Article
      Lock icon Lottery system can prevent heavy sell-down
      262 6  -  MAIT.BAO Edmond Ng I AM a Malaysian. I believe the Clob issue is not one about logic or legality. Singaporeans want to solve this through legal means, whereas the Malaysian authorities are sticking to their reasons. Whatever it is, the real concern of the
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    • Article
      Lock icon Clob investors should contribute to a fund
      97 6  -  Louis Tan via Internet Singapore I TOTALLY agree with the idea of forming an association of Clob investors. We must appoint somebody to represent these investors, as suggested by some of your readers. I propose that all Clob investors contribute some money, to
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    • Article
      Lock icon SES should give KLSE a timeframe
      153 6  -  Mike Yeo via Internet Singapore I WOULD like to comment on the Clob issue that has been the rage for the past few days. My opinion is that the Malaysians will always be shifting their stand. From time to time the ball will be
      153 words
    • Article, Illustration
      Lock icon S'pore property prices have bottomed: Hu
      186 6 FINANCE Minister Richard Hu said that the Singapore property market has bottomed for now and that if demand for property picked up, the government "will do something about it". "For the time being, I think there's no doubt that the property market has bottomed,"
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    • Article, Illustration
      Lock icon Int'l phone call volume up 9.2%
      234 6  -  EYE ON THE ECOKOM7 Commerce By Eugene Low THE volume of outgoing international calls rose strongly by 9.2 per cent in April, according to the latest figures from Singapore Telecom. Last month, 71.04 million minutes of in- ternational calls were made from Singapore, compared
      Source: SingTel  -  234 words
    • Article, Illustration
      Lock icon Pre-war Pegu Road houses up for sale
      304 6  -  By David Boey SEVEN freehold pre-war terrace houses at Pegu Road, off Balestier Road, have been put up for sale via public tender, said Jones Lang LaSalle (JLL), the property consultants handling the site's sale. JLL said yesterday that the tender is expected
      304 words
    • Article
      Lock icon District cooling system in Changi park will cut cost up to 15%: JTC
      213 6 TENANTS at the Jurong Town Corporation's (JTC) Changi Business Park should be able to trim their operating costs by between 10 and 15 per cent by using the park's $120 million District Cooling System (DCS) air-condition-ing infrastructure.
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      52 6 The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are A x tempted to seek greener pastures. immr Advertise in the Properties section Iff I; (Classifications 402 to 568). if Call C.A.T.S.
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Why yen might hit 140 soon
      1380 8  -  Ominous chart signs if US dollar convincingly clears resistance at around 123.50 yen; A$ a better-yielding alternative to Sing dollar By Larry Wee [SINGAPORE] THE Japanese yen's fortunes have faltered considerably over the last week or so. In the worst case, a sharply weaker
      Source: HypoVereinsbank; Source: Bridge  -  1,380 words
    • Article
      Lock icon Asian credit markets rally
      937 8  -  Favourable economic conditions, shortage of new issuance set to buoy demand By\ Damien Wood The author is director of credit research, Barclays Capital ASIAN credit markets have continued to rally strongly over the past month. Buoyed by a series of economic data releases suggesting that recovery
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      109 8 "HANG ON TO YOUR HAT i] AND SMASH YOUR CRYSTAL BALL." T* t power or 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
      109 words
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      232 9 I Visionary, j The knowledge to lead. The foresight to prosper. Your business environment is changing rapidly. That's why at BMC Software, we focus J| on your business and on solutions that optimize the value of your current and future technology investments. co Wtim EC v t Our number one
      232 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Investors jittery over Indon opposition coalition
      642 10  -  Politically sensitive stocks hit as players trim Indon market exposure From Shoeb Kagda in Jakarta AS Indonesians prepare for the general election campaign to begin in earnest today, jittery investors are trimming down their exposure to the country and, in particular, to politically sensitive
      Source: Bloomberg; REUTERS  -  642 words
    • Article, Illustration
      Lock icon Will a new Indonesia emerge from the polls?
      804 10  -  ELECTION WATCH By Yang Razali Kassim in Jakarta SO Indonesia's President BJ Habibie has emerged as the sole presidential candidate from Golkar, beating back a challenge from four other prominent figures from the ruling party. But in a classic Indonesian solution to
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    • Article
      Lock icon Reformist alliance dampens Golkar's election hopes
      395 10 JAKARTA Coalition likely to hit out at party's choice for president Reuters INDONESIA'S unpopular ruling Golkar party, dogged by links to disgraced former president Suharto, said yesterday that a new reformist coalition weakened its already slim chance of retaining power in the June election.
      Reuters  -  395 words
    • Article
      Lock icon Govt urged to react to Time report on Suharto's wealth
      353 10 JAKARTA Golkar top brass among those asking A-G to investigate AFP CALLS mounted here yesterday for the Indonesian government to react to a report by the US magazine Time that said former president Suharto and his family were worth at
      AFP  -  353 words
    • Article
      Lock icon Mahathir to meet Habibie in Batam tomorrow
      276 10 KUALA LUMPUR AFP MALAYSIAN Prime Minister Mahathir Mohamad will fly to Indonesia's Batam Island for a meeting with Indonesian President BJ Habibie tomorrow as part of an annual Asean ritual, officials said yesterday. They said the meeting between the two senior Asean leaders
      AFP  -  276 words
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      293 10 %uM The Conference Board, Inc. lu| TEMASEK MANAGEMENT SERVICES PTE LTD In the wake of Asia's financial crisis. "EXPERTS" will explain how to structure 1 and motivate your board to become more transparency disclosure are repeatedly effective as well as how to be attractive to the global capital market. cited
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon Q1 growth should better 1998's: Bank Negara chief
      603 11  -  Economists expect smaller contraction than 2.8% in same quarter last year Reports by Ruth Wong in Kuala Lumpur MALAYSIA'S Bank Negara governor Ali Abul Hassan Sulaiman yesterday said the country's first-quarter gross domestic product (GDP) figures "should be better" compared with last
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    • Article
      Lock icon KL ready to sell finance firms to foreign banks
      593 11 At the right price, they can also expand branch network MALAYSIAN central bank governor Ali Abul Hassan Sulaiman says Malaysia is willing to sell troubled finance companies to foreign banks in exchange for new branches if Bank Negara receives "attractive" offers.
      593 words
    • Article, Illustration
      Lock icon No change to ringgit peg Daim tells fund managers
      380 11  -  Undervalued RM will help sovereign bond issue: analysts Pnmi tr. Diana Oon Abdullah in Kuala Lumpur MALAYSIA will stick with its ringgit peg despite assessments that it is currently undervalued, Finance Minister Daim Zainuddin said yesterday. "Analysts have said RM3 is
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Jiang thanks Li Ka-sihing for HK role
      96 12 BEIJING AFP CHINESE President Jiang Zemin yesterday met with Hongkong entrepreneur Li Ka-shing, praising the billionaire for his contribution to Hongkong's stability, official media reported. Mr Li, chairman of Cheung Kong (Holdings) Ltd, was applauded for his support for economic construction, education, and
      AFP  -  96 words
    • Article, Illustration
      Lock icon HK wants China to alter charter to avert mainlander influx
      350 12 HONGKONG Reuters [HONGKONG] Hongkong, faced with its worst legal crisis since British rule ended, said yesterday it would ask China's Parliament to revise the post-colonial constitution to head off a feared mass influx of mainland Chinese. The move was certain
      Reuters; REUTERS  -  350 words
    • Article, Illustration
      Lock icon Foreigners splurge on Taiwan stocks
      377 12 TAIPEI Over NTsloob worth bought so far this year in a market considered undervalued Bloomberg FOREIGN investors have purchased a net NT$lO3 billion (555.36 billion) of Taiwan stocks so far this year, in one of the biggest buying sprees by foreign investors in the history
      Bloomberg; Source: Bloomberg  -  377 words
    • Article
      Lock icon Taiwan may relax telecoms sector rules
      297 12 TAIPEI Foreign firms could get to control local phone companies Bloomberg, Bridge News TAIWAN may allow foreign firms to control telephone companies for the first time, tripling a cap on foreign ownership to 60 per cent as it prepares to join the World Trade
      Bloomberg,; Bridge News  -  297 words
    • Article
      Lock icon China issues list of key infrastructure projects
      150 12 ■SHANGHAI AFP CHINA'S State Planning Commission has issued its 1999 list of key governmentbacked infrastructure projects, according to official media. Eleven new projects join the 91 that featured on the previous year's list, the Financial News said. Of the 11, six are in
      AFP  -  150 words
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      58 12 S f Risk. Covered by Allianz Group. f Wherever you are. Whatever you i' I I do. The Allianz Group is always on /j I your side. ft t ft P 4 a v-vw v.-v v.v > All ij nz. The Power On Nour Side. 1 ;> -c L 7,
      58 words
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  • ASIA
    • Article
      Lock icon S&P raises Australia's credit rating
      488 13 MELBOURNE AA+ was last held in 1989; AS surges to 67-34 US cents Bloomberg AUSTRALIA'S credit rating was yesterday raised to AA+ by Standard Poor's Corp, the second-highest rating it gives, to reflect the government's lower debt burden, tame inflation and a growing economy. Bonds
      Bloomberg  -  488 words
    • Article, Illustration
      Lock icon Congress in turmoil as party chiefs quit to get Sonia back
      321 13 NEWDELHI Reuters INDIA'S main opposition Congress is in turmoil as party bosses quit their posts to persuade Sonia Gandhi to return as head of the party. Four chief ministers of Congress-ruled states submitted their resignations to Mrs Gandhi, saying
      Reuters; AFP  -  321 words
    • ASIA Notes
      • Article
        Lock icon Support for Obuchi at record high
        69 13 AFP [TOKYO] Public support for Japanese Prime Minister Keizo Obuchi has risen to 39 per cent, the highest since he took office last July, a poll published yesterday showed. The nationwide survey, conducted by the Mainichi Shimbun on May 16 and 16, showed Mr
        AFP  -  69 words
      • Article
        Lock icon Telecom industry Y2K compliant: Seoul
        38 13 Reuters [SEOUL] South Korea's information and communications ministry said yesterday results of a mock test showed the systems of seven local telecommunications firms had the ability to handle dates in the new millennium.—Reuters
        Reuters  -  38 words
      • Article
        Lock icon India 'no' to insurance reform ordinance
        54 13 Reuters [BOMBAY] The Indian government does not propose to issue an ordinance on insurance sector reforms, Finance Secretary Vljay Kelkar said yesterday. Legislation proposing to allow foreign players into India's protected domestic insurance sector is held up as the country is being run by
        Reuters  -  54 words
      • Article
        Lock icon NZ Labour retains lead in opinion poll
        66 13 Reuters [WELLINGTON] The centre-left New Zealand Labour Party retained its lead in the latest Television New Zealand-Colmar Brunton opinion poll, TVNZ said yesterday. Labour's party support was steady on 44 per cent in May, unchanged from the last poll taken in April, while
        Reuters  -  66 words
      • Article
        Lock icon Bhutto's husband in suicide bid: police
        52 13 Reuters [KARACHI] The jailed husband of former Pakistani prime minister Benazir Bhutto slashed his neck with a broken glass in a suicide bid while under police interrogation, police said yesterday. Police sources said Asif All Zardari is facing a new interrogation over a double
        Reuters  -  52 words
    • Article, Illustration
      Lock icon India market shrugs off political upheavals
      469 13 Investors nndeterred as global funds continue to poor in money Reuters [BOMBAY] A month ago, the prime minister was defeated. On Monday, the leader of the opposition resigned, but investors remain glued to the saddle of an Indian bull market and refuse to be
      Reuters; Source: Bloomberg  -  469 words
    • Article
      Lock icon Aussie opposition to tax reform plan at record high: poll
      307 13 CANBERRA Howard's troubles deepen as Labor polls ahead in poll Reuters THE troubles besetting Australia's government deepened yesterday as a national opinion poll showed opposition to its sweeping tax reform plan had reached a record high. On Monday, Premier John
      Reuters  -  307 words
    • Article
      Lock icon Top Japan contractors report steep losses
      276 13 TOKYO Bnt they expect to be back in the black in the coming year AFP JAPAN'S construction giants said yesterday that the economic crisis in the world's second largest economy had ravaged their earnings in the past year to March, but predicted a better
      AFP  -  276 words
    • Article
      Lock icon Poor telecoms will hinder Indian e-commerce growth
      134 13 NEW DELHI AFP INDIAN industry is urging the government to strengthen telecommunications infrastructure, saying a weak network would cripple the country's efforts at trading actively on the Internet. "Commerce on the Internet will be a pie in the sky, unless basic telephony services
      AFP  -  134 words
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      106 13 By Expressions of Interest closing 25th June 1999 /6T)<Jhreet, &ertk, 'Western« (iintm/ia Ge/tfral Gif^Jfocation. A prime 3,7405qm Retail Development Site adjoining the Myer Forrest Chase Retail Complex, offered for sale under two scenarios. Ojb/ion/ Purchase vacant site subject to a pre-commitment from Woolworths Ltd for a 20 year lease to
      106 words
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      46 13 Bjj Results off tender ffor HH taxable book-entry Government Bond 1999 due 15 May 2004 flo be issued on 20 May *****H |j| Amount Offered Allotted *****,000,000 i Amount Applied 551,613,926,000 on Allotment 3.46% p.a. and 99.614% I Cut-off Yield and Price 3.50% p.a. and 99.433%
      46 words
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  • THE WORLD
    • Article
      Lock icon Prepare for US slowdown: IMF chief
      715 14  -  Global growth must be more even to avoid worldwide slowdown, he says From Anthony Rowley in Tokyo IMF managing director Michel Camdessus yesterday intensified what is now becoming an insistent drumbeat of warnings about the dangers of the US economic boom going bust and
      715 words
    • Article, Illustration
      Lock icon OECD sees 2.4% global economic growth this year
      849 14 OECD ECONOMIC OUTLOOK Asian economies recovering faster than expected Reuters [PARIS] The world economy has survived the worst of last year's crises and growth should hit close to 3 per cent next year as Europe makes up for a slowdown in America,
      Reuters  -  849 words
    • Article
      Lock icon US growth: a faster 3.6% this year, a slower 2% in 2000
      432 14 PARIS Bloomberg A FASTER-than-expected rate of US economic growth in 1999 will taper off at the end of the year, as the impact of higher stock prices begins to fade and unemployment rises, the Organisation for Economic Co-operation
      Bloomberg  -  432 words
    • Article
      Lock icon US moves WTO to impose US$202m sanctions on EU
      282 14 GENEVA Reuters THE United States has requested a! special meeting of the WTO's Dispute Settlement Body on June 3 at which it will seek the green light to impose US$2O2 million (*****.4 million) of sanctions against the European Union in the
      Reuters  -  282 words
    • Article, Illustration
      Lock icon Fine to stick these
      64 14 [LONDON] A phone box in central London covered with so-called "tartcards". The Home Office unveiled plans yesterday to fine people caught sticking "tartcards" up in telephone boxes. The government wants to make posting the increasingly-explicit cards advertising services of prostitutes a criminal offence. About 14 million
      AFP  -  64 words
    • Article
      Lock icon US April home starts fall 10% to year's low
      467 14 WASHINGTON Construction hampered by labour, materials shortages Bloomberg US new home construction starts fell in April to the lowest level in a year as housing slowed from the jack-rabbit spurt in the first quarter. Starts fell 10.1 per cent last month
      Bloomberg  -  467 words
    • Article
      Lock icon Allied Domecq shares soar after Buffett buys stake
      361 14 LONDON Bloomberg WARREN Buffett, the secondrichest man in the US, bought a stake in Britain's Allied Domecq pic after concluding US stocks are generally overpriced, prompting a jump in shares of the world's No 2 liquor company. Mr Buffett's Berkshire Hathaway Inc
      Bloomberg  -  361 words
    • WORLD Watch
      • Article
        Lock icon US public support for Nato strikes dips
        74 14 AFP [WASHINGTON] US public support for the Nato air ;jf campaign In Yugoslavia has dipped and moat Americana believe it is time to negotiate with President Slobodan Milosevic, according to new polls yesterday. A Washington Post-ABC survey showed backing for the seven-week okl
        AFP  -  74 words
      • Article
        Lock icon World Bank may yet pay Russia US$1b
        77 14 Reuters [MOSCOW) The World Bank may still provide Russia with ova: US$l billion (Ssl.7 billion) this year if a new government quickly decides to pursue the previous government's economic plan, the bank's Moscow representative Michael Carter said yesterday. He said in an interview
        Reuters  -  77 words
      • Article
        Lock icon British inflation falls to 2.4%
        62 14 AFP [LONDON] British inflation fell below the government target level in April to 2.4 per cent, the lowest rate since November 1994, official figures showed yesterday. Analysts said that the data was unlikely to strongly influence British monetary policy, given recent predictions from the central
        AFP  -  62 words
      • Article
        Lock icon Ex-Arkansas governor fined US$1m
        73 14 AFP [WASHINGTON] Former Arkansas governor Jim Guy Tucker, linked to President Bill Clinton in the murky Whitewater real estate scandal, was sentenced on Monday to pay a US$l million (Ssl.7 million) fine on tax-avoidance charges, US prosecutors announced here. A US federal district court in Little
        AFP  -  73 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Rubin at the right place at the right time
      823 15  -  THE BOTTOM XJME OPINION Byl Robert Samuelson The writer is with the Washington Post Writers Group ROBERT Rubin leaves Washington with such an exalted reputation that if s hard to separate what he actually did from what people think he did
      823 words
    • Article
      Lock icon IN OTHER WORDS
      136 15 'Like the poor, the rich are always with us and need someone to look after their interests.' Philip Crate an analyst, after HSBCHoldings, Europe's biggest bank by market value, agreed to buy Edmond Safra's Republic New York Corp and an affiliate for US$lO.3 billion (Ssl 7.5 billion)
      136 words
    • Article
      Lock icon The way ahead on global trade
      593 15 EDITORIAL IN a rare and refreshing display of unanimity, trade ministers from the world's four leading trading powers have reaffirmed their commitment to the ideals of multilateralism as embodied in the World Trade Organisation. They also pledged to make the WTO a "more universal"
      593 words
    • Article, Illustration
      Lock icon Asia needn't feel guilty about recovering fast
      909 15  -  Let's be grateful that the Fed acted boldly and avoided the depressing 1930s Austrian strategy By\ Eddie Lee The writer is an economist with stockbroking firm Vickers Ballas WHAT a difference nine months make. Back in July 1998, Asia stood on the brink
      FILE PHOTO  -  909 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1029 15 China'i Mew Deal SO I'm listening to the radio last week reporting on the stoning of the US embassy in Beijing, in retaliation for Nato's bombing of China's Belgrade embassy. But I can't help chuckling at the last line of the news report. It quotes China's
      1,029 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Asian films back at Cannes
      518 16 CINEMA They are out in force after two years of decline dne to the economic crisis AFP [CANNES] Asian film firms are out in force at the Cannes Film Festival after a decline in the past two years because of the region's economic recession, festival
      AFP; REUTERS  -  518 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      166 16 Where to wine, dine and entertam..." f Ul m All the fresh oysters you can ear! Help yourself at our carving station then feast over a lavish buffet dinner complete with appetizers, salads, soup and tempting desserts. Complement your meal with a specially priced wirve-by-the-glass. Dinner: Monday Friday Time 6.00pm
      166 words
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      Lock icon Page 16 Advertisements Column 2
      65 16 fjx (MISUxP mm vt#^ I i, i ft,11- SitaM available for: m private parties fl company dinner and dance 111 conference l| seminar and meeting. ffl HOTEL GRAND CENTRAL UMfTED I 22 Orchard Road/Cavooagh Road, II Singapore *****7 II depend on predictions. fwm Advertise in Wine, Dine Entertain Th e
      65 words
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      Lock icon Page 16 Advertisements Column 3
      158 16 The freshest seafood dishes come with unlimited wine in St. Gregory's Brasserie in the Grand Plaza Parkroyal on Friday and Saturday evenings. Delicious Rock Crab with Tang Hoon, juicy cold Oysters, Prawns and Green Mussels on ice, Baked Slipper Lobster and many more. Plus as much wine as your heart
      158 words
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      Lock icon Page 16 Advertisements Column 4
      144 16 Coffeehouse i Ist floor The Magic of Thailand at Chatterbox Coffeehouse 9 to 23 May 1999 Enquiries: 831 6291 X yf Bij Mandarin JJJ| Suga/wrr 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 I fer p CrJOH (s«V tuncV, vJesfertt or Loc«1, w»W\ free jo£f brinks). At
      144 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      1172 16 CRYPTIC CROSSWORD 7 Be taking which said 8 More aggressively tough |H| MB| H shopkeeper? 1H pH— 10 Was drama teacher transstar's exploding (4) 12 Nice countryman accepted mm U LhJ money Jiß_Jß_ 14 Discover the truth about I I doctor breaking the law (6) 15 An old-fashioned measure? 18
      1,172 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SPH unveils 'win-win' share buyback scheme
      1001 17  -  ItH buy back shares at below market price, and sellers will reap a tax credit Reports by Teh Hooi Ling [SINGAPORE! Singapore Press Holdings has proposed a novel scheme which will allow the media group to buy back its shares at below market price,
      CHRIS LOH  -  1,001 words
    • Article, Illustration
      Lock icon Datacraft close to malting major acquisition in Japan
      553 17  -  Company is on track for 30-35% growth for foil yean 000 From i Quak Hiang Whai in Hongkong DATACRAFT Asia, which is on track to meet its profit growth forecast of 30 to 35 per cent for the current year, is close
      553 words
    • Article
      Lock icon 2 Wee Poh founders sell off entire 35% stake
      215 17  -  By, Audrey Tan [SINGAPORE] Two founding members and major shareholders of Wee Poh Holdings have divested their entire combined stake of 35 per cent in the construction group, pushing it to the top of yesterday's most active stocks. Lim Kiang 800
      215 words
    • Article
      Lock icon DBS wants to lift ROE to above 15%
      333 17  -  By< Catherine Ong [SINGAPORE] DBS Bank said it aims to raise its return on equity to above 15 per cent, well above the historical rate. In its 1998 annual report released yesterday, the bank stressed that its ambition to be a "world-class
      333 words
    • Article
      Lock icon SPH's ad revenues picking up: chairman
      275 17 [SINGAPORE] Singapore Press Holdings' advertising revenues have bottomed and a recovery is already in place, executive chairman Lim Kim San said yesterday. "We have seen the bottom," he said, based on the last few months' numbers. Asked how much improvement the media group has
      275 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Templeton's Mobius bullish on emerging markets
        383 18 About 45J% of his fund's holdings are in Asia and 3&8% in Latin America Bloomberg [BOSTON] Mark Mobius, president of Templeton Emerging Markets, expects a strong year for stocks in developing countries, with especially robust returns in Thailand, Korea, Brazil, Turkey and South Africa.
        Bloomberg; FILE PHOTO  -  383 words
      • Article
        Lock icon UOL figures in CK Tang loan deal
        375 18  -  Option to buy Tang's Departmental Store Complex in default By Rahita Elias [SINGAPORE] United Overseas Land (UOL) would end up with Tang's Departmental Store Complex at Orchard Road if CK Tang defaults on its loans and its lenders wish to sell the mortgaged
        375 words
      • Article
        Lock icon SembCorp Logistics' profit fall revised to 33% from 16%
        305 18  -  Adjustment won't affect results of parent company By Corinne Kerk [SINGAPORE] SembCorp Logistics has revised its 1998 audited accounts, resulting in a bigger drop in net profit for the year 33 per cent to $16.3 million from $24.3 million in 1997.
        305 words
      • Article
        Lock icon PLDT posts 55% drop in net income in Q1
        280 18 Reuters [MANILA] Philippine Long Distance Telephone Co (PLDT) said yesterday its first-quarter income fell 55 per cent year-on-year and analysts said a stronger peso and the debt of its cellular unit would subdue growth for the rest of 1999. But they
        Reuters  -  280 words
      • Article, Illustration
        Lock icon Robinson, HPL directors buy shares
        234 18  -  More directors buying back company stocks lately By Siow Li Sen [SINGAPORE] For a change, more and more directors are buying back chunks of their companies instead of selling them, and directors of Robinson and Hotel Properties Ltd (HPL) are the latest to have done
        234 words
      • Article
        Lock icon Teck Wah to undergo revamp, name change
        307 18  -  By: Eugene Low [SINGAPORE] Sesdaq-listed Teck Wah Paper Products yesterday said it will undergo restructuring involving the corporatisation of its existing graphic design, media services, and printing and packaging divisions. The restructuring will also include the re-organis-ation and consolidation of the group's management
        307 words
      • Article
        Lock icon Thailand's Ucom posts Q1 loss on weak baht
        255 18 Bloomberg [BANGKOK] United Communication Industry, owner of Thailand's second biggest mobile phone operator, swung to a loss in the first quarter from a profit a year earlier as a weak baht magnified foreign debt and equipment costs. Thailand's worst recession in a
        Bloomberg  -  255 words
      • Article
        Lock icon Avimo sees stronger 2H; interim net up 23%
        158 18 Reuters [HONGKONG] Singapore's aerospace optic and laser system maker Avimo Group Ltd said yesterday the second half of its fiscal year should be stronger than the first with contribution from an acquisition and a vehicle sighting systems contract. "There is a number
        Reuters  -  158 words
      • COMPANY Briefs
        • Article
          Lock icon HPL gets share placement nod
          28 18 [SINGAPORE] Hotel Properties Ltd yesterday aaid it has gained in-principle approval for its proposed placement of4l million new shares of $1 each, i-
          28 words
        • Article
          Lock icon Tianjin buys up sister firm
          63 18 [SINGAPORE] Tianjin Zhang Xin Pharmaceutical Group (TPG) yesterday said it has acquired 100 per cent of the Issued capital of Tianjin Pharmaceutical Corporation Singapore for USslo6,Be3 (3*187,917) and renamed it Tianjin Zheng Xin Pharmaceutical Group Corporation Singapore. The four vendors are nominees erf Tianjin Pharmaceuticals
          63 words
        • Article
          Lock icon Foshan to exercise Hua Peng option
          107 18 [SINGAPORE] Eagle Brand Holdings' wholly-owned subsidiary, Foshan Shiwan Eagle Brand Ceramic, plans to exercise its option to acquire the business of Foshan Shiwan Hua Peng Ceramic (Group) Hua Peng Ceramic Factory (Hua Peng) for the cash consideration of (me yuan. Following the exercise of
          107 words
        • Article
          Lock icon Pacific Andes chairman dies
          27 18 [SINGAPORE] Pacific Andes Holdings yesterday announced the death of its chairman Feng Kuo Ching on May 13 in Taipei. Mr Feng was 82.
          27 words
        • Article
          Lock icon EnerSave buys CIDB contractor
          93 18 [SINGAPORE] EnerSave Holdings yesterday entered Into an agreement to acquire the entire issued share capital of United Constrade for a consideration of <1.2 million from three individuals. United Constrade is a registered grade five contractor with the Construction Industry Development Board and is authorised to tender
          93 words
        • Article
          Lock icon Inno-Pacific okays placement extension
          61 18 [SINGAPORE] Inno-Pacific Holdings has agreed to a request by Tong Keng Meng, alias Melvln Tong, to extend the completion date of a private placement of shares from May 17 to May 27. Inno-Paciflc is selling 23.7 million new shares, or about 10 per cent of the
          61 words
        • Article
          Lock icon Resolution on CDL Hotels Asia passed
          78 18 [SINGAPORE] Millennium Copthome Hotels (MAC) yesterday said that the resolution to approve Its proposed acquisition of CDL Hotels Asia, to grant the directors the authority to allot shares and to dlsapply Section 06 of the Companies Act 1986 in respect of such allotment was
          78 words
      • Article
        Lock icon Matsushita's profit dives, but robust recovery seen
        395 20 Company blames lacklustre demand in Japan, abroad amid financial tnrmoil Reuters [TOKYO] Japanese consumer electronics giant Matsushita Electric Industrial Co said yesterday its group profits were cut by nearly half in the last business year, but predicted a robust recovery for the current
        Reuters  -  395 words
      • Article
        Lock icon Telecom NZ emerges as white knight for Australia's AAPT
        428 20 Reuters [SYDNEY] Telecom New Zealand yesterday emerged as a white knight for AAPT Ltd, thwarting the hostile Asl.s billion (Ssl.7 billion) bid for the Australian telecoms carrier by UK-controlled Cable and Wireless Optus Ltd. Telecom NZ revealed it has a 9.9
        Reuters  -  428 words
      • Article
        Lock icon Kanematsu to slash units, pare debt in revamp
        313 20 Company's stock hit, closing down 34 yen at 97 yen Reuters [TOKYO] Japan's Kanematsu Corp said yesterday it plans to shed half its 1.4 trillion yen (5519.5 billion) in groupbased assets and 370 billion yen in the group's interestbearing debts over the
        Reuters  -  313 words
      • Article, Illustration
        Lock icon Sony may sell 'undervalued' entertainment arm
        505 20 IPO, joint venture among other options being considered FT, Bloomberg [TOKYO] Complaining that the market had failed to value Sony's entertainment operations adequately, executives at the Japanese electronics group on Monday indicated they were considering selling Sony Pictures Entertainment to a trade buyer or
        FT,; Bloomberg; FILE PHOTO  -  505 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel has US$3.3b in pension, venture funds
        168 21 Bridge News [SAN FRANCISCO] Intel Corp holds US$3.3 billion (Sss.l billion) worth of stock in other companies, the result of shares held in the company's venture portfolio as well as an employees' pension fund. The list, a who's who of technology companies and
        Bridge News  -  168 words
      • Article, Illustration
        Lock icon H-P profits exceed expectations
        438 21 Earnings up 34%; revenue gains of 10-13% seen in next six months LATWP [SAN FRANCISCO] HewlettPackard turned in its third straight quarter of profits that beat Wall Street expectations and predicted even stronger sales and earnings for the next six months as it focuses on more
        LATWP  -  438 words
      • Article
        Lock icon Marks & Spencer profits down over 40%
        332 21 Marks Spencer profits down over 40% It warn* business still sluggish with sales sliding sharply AFP [LONDON] The British retail chain Marks and Spencer reported yesterday that profits in the latest financial year slid more than 40 per cent, and warned that business was still sluggish with sales sliding sharply.
        AFP  -  332 words
      • Article
        Lock icon Philips to buy 50% of LG's LCD unit for US$1.6b
        490 21 The sale has netted Korea its largest foreign investment Bloomberg [SEOUL] Royal Philips Electronics NV, Europe's largest consumer electronics maker, says it will buy half of LG Group's fiat-panel display business for US$l.6 billion (552.73 billion), the largest foreign investment
        Bloomberg  -  490 words
      • GLOBAL Briefs
        • Article
          Lock icon GTE Corp to sell defence assets: report
          59 21 Reuters [NEW YORK] GTE Corp is auctioning off its defence assets for an estimated US$l.3 billion (552.2 billion), with General Dynamics Corp, L-3 Communications and Raytheon among the top bidders, the Wall Street Journal reported yesterday. The auction-style sale of the assets is
          Reuters  -  59 words
        • Article
          Lock icon Top online booksellers slash prices
          106 21 Bloomberg [SEATTLE] Amazon.com Inc, the largest Internet retailer, and its biggest bookselling rivals, barnesandnoble.com and Borders.com, said they will cut prices on some bestselling books by 50 per cent as competition among them heats up. Amazon.com said on Monday that it will offer books on
          Bloomberg  -  106 words
        • Article
          Lock icon TRW to sell four auto-parts units
          74 21 Bloomberg [CLEVELAND] TRW Inc, the world's second-largest maker of air bags for cars, plans to sell four auto-parts units to raise as much as US$l.5 billion (552.6 billion) to cut its debt and focus on safety restraints, suspension systems and brakes. The company expects
          Bloomberg  -  74 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Asia ready for new approach to risk management
        311 22  -  It involves placing of underwriting risks in non-traditional markets By Soh Tiang Keng [SINGAPORE] Asia is now ready to adopt Alternative Risk Transfer (ART) the non-traditional approach to risk management. And Singapore and Hongkong are the likely front-run-ners in the race to
        311 words
      • Article, Illustration
        Lock icon Westpac profit climbs 5% at half-time
        299 22 Bloomberg [SYDNEY] Westpac Banking Corp Ltd, Australia's third largest bank, yesterday said that first-half profit rose 5 per cent, boosted by an increase in earnings from fees and a strong performance in the domestic market. The Sydney-based bank made a profit of As7ol million
        Bloomberg; AFP  -  299 words
      • Article
        Lock icon Ex-real estate chief sues Lazard Freres
        399 22 Bloomberg [NEW YORK] Lazard Freres Co, one of the biggest US investment banking partnerships, is being sued by Arthur P Solomon, who oversaw billions of dollars in real estate investments before leaving the firm last month. In an arbitration claim filed on Monday, Mr
        Bloomberg  -  399 words
      • Article
        Lock icon BSCH to buy Banco Santiago stake for US$800m
        303 22 Reuters, Bloomberg [SANTIAGO] Spain's largest bank Banco Santander Central Hispano SA (BSCH), in two separate deals, on Monday won control of Chile's biggest bank and broke an alliance with a Portuguese bank for cash. Chile's Central Bank agreed to sell for around
        Reuters,; Bloomberg  -  303 words
      • Article
        Lock icon Soros fund managers quitting to start own firm
        387 22 They will be joined by three other Soros employees NYT [NEW YORK] Three top investment specialists at Soros Fund Management, the famed hedge fund company headed by billionaire investor George Soros, are leaving the company to start their own investment firm. The
        NYT  -  387 words
      • Article
        Lock icon Bank-inspired rise held back by rate-hike fears
        151 23  -  Reports MS& Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index rallied at the open yesterday after the announcement of the merger of local and foreign tranches of bank shares. The government's measures to boost competition in the banking industry pushed the
        151 words
      • Article
        Lock icon Futures hit by rates fears, MSCI's value cap
        172 23  -  MSCI Taiwan fatores Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures slid yesterday amid pessimism that the US might raise interest rates last night. Many investors were also disappointed by Morgan Stanley Capital International's decision to cap the value
        172 words
      • Article
        Lock icon Oil prices continue to drift lower as overhang dampens sentiment
        366 23 ENERGY REPORT Reuters [LONDON] Oil prices drifted lower again yesterday as dealers stayed cool on a market which they said had rallied too strongly for its own good in recent weeks. Benchmark Brent blend crude oil for July traded 49
        Reuters  -  366 words
      • Article
        Lock icon CURRENCY REPORT
        331 23 Reuters THE dollar took a break from its rally against the yen yesterday to wait for news on US interest rates from the Federal Open Market Committee meeting. Recent data has showed no slowdown in US growth and there is some evidence that inflation is beginning to pick
        Reuters  -  331 words
      • Article, Illustration
        Lock icon Untitled
        1175 23 DfTERBAJfK CROSS RATES S5 y [to Pfr D« HB Mis*#* Yw Won m mSftfcfa Ptso S$ Kwi Sfr WT$ *m Hmt tfSS ion 0962 as S ss 52J2S ss H* W?4 niTo 0M1 4 207 1254 5319 »218 54.370 0.843 8.236 2307 1.219 34.962 25.9M LI74 4.245 **********5.360 0.423 0486
        1,175 words
      • Article
        Lock icon Untitled
        1746 23 SICOM FUTUHES May 18 RUiKR (tarn doting tsiiSJOpn) R5S1 CONTRACTS c«nb/ty) C)OM Vote** Opts Wootx Hl» law Stt (t«n) Utamt Am 99 »2.50 SO M 99 ***** 773 Aug 99 106.00 375 S«P 99 109.00 275 Oct/D«c 99 11X50 1200 Jan/NarOO 1»25 RSS 3 CONTRACT (US cwts/k# Votaaa Opm Month
        1,746 words
    • Article, Illustration
      Lock icon HONGKONG
      1400 24 AFP, Reuters P Hang Seng +38J> HONGKONG share prices rose 0.3 per cent in quiet trade yesterday with most investors sidelined awaiting news on the direction of US interest rates, dealers said. "Trading was quiet as investors were concerned over a possible rise in US interest rates" when Federal
      AFP,; Reuters  -  1,400 words
    • Article, Illustration
      Lock icon CHINA
      531 24 Reuters n Shenzhen Blndei -0.52 SHENZHEN'S B shares closed lower yesterday, with investors trimming positions amid continued absence of market-boosting news. The B share index fell 0.52 point to 55.12 on turnover of HK$B.3 million compared to Monday's HKJ6.S million. Investors had been hoping Beijing would take some steps,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  531 words
    • Article
      Lock icon TAIPEI
      319 24 AFP DWPlndo -1435 TAIWAN share prices closed 0.2 per cent lower yesterday as investors locked in profits amid disappointment after Morgan Stanley Capital International failed to lift the weighting of Taiwan stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 14.25 points to 7,585.51 on turnover of
      AFP  -  319 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2160 24 LONDON ludaililih TW tari 3i Group 6.88 -0.09 Ab6*y National 13.04 0.09 A B Foods 4.70 0.03 A B Ports 2.83 0.01 AHianca t Leicester 8.34 -0.01 Allied Dometq 5.56 0.25 Allied Zurich 7.64 0.50 Anglo American GoM 41.40 1.30 ASOA Group 1.84 -0.06 Ban* of Scotland
      2,160 words
    • Article
      Lock icon TOKYO
      1602 24 AFP P Nikkei 225 .42.4 SHARE prices in Tokyo closed 0.3 per cent lower yesterday as late profit-taking erased early gains in export-linked issues in the face of a weakening yen, brokers said. "In the morning, export-related issues rose on the back of a weak yen, but profit-taking by
      AFP  -  1,602 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8539 25 e Tr*~*:. c Hm> Law twimi M« *000 High U» P/I 330 255 Ajlnomoto 330 14 22 330 316 18.2 133.8 92 44 Angkasa 92 9 276 92 84 139.7 290 220 ApoMo Food Hlg 281 26 21 290 280 9.8 112.4 204 113 Bar jay a Land 194 22
        8,539 words
      • Article, Illustration
        Lock icon Market up 2.3% on 'election play'
        392 25 AFP Q Composite Index +17.43 MALAYSIAN share prices rose 2.3 per cent yesterday in brisk trade with strong investor interest in selected stocks, dealers said. Dealers said institutional support for blue chips also boosted the market. Continued speculation of early general elections pushed government-linked
        AFP  -  392 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS"
      • Article
        Lock icon Untitled
        2159 26 BOWK, LOANS ft VARIANTS Hl h L# T Stn Company Wl **r- OCKoI High Low Buy"' pJkJ its is us asma- s m n; |p~ ir 30 W I3KI AltTach ******7 W 5 Z f" 5 f? 28 3 s 3052 AFP ******2 USS 24 unch 554 24 5 23.5
        2,159 words
      • Article
        Lock icon CLOB INTERNATIONAL
        188 26 HONWOM STOCKS Gr Gr OuoU w* M. VH Ml MC« Ht» L— stm C4WMWV M» fOOO) MtjK L— Buyc S-w CV M 345 173 5123 COL (2000) HK 325 .d 2JS 32s 8 3.7 25 n 5124 Crthay Pic 20e MK_720 265 2.1 7.4 6 *****.4 5125 Chaung
        188 words
      • Article
        Lock icon KepTatLee wrts: more medium-term upside
        177 26  -  WARRANT WATCH By Ven Sreenivasan THE Keppel Tat Lee warrants exploded into life yesterday, boosted by expectations that the bank was a prime takeover or merger candidate. The DBS Bank covered warrant on Keppel Tat Lee, which expires in June next year, headed the actives
        177 words
    • Article
      Lock icon WELLINGTON
      287 26 AFP n Wellington -14LB NEW Zealand stocks closed yesterday down 0.7 per cent on news of market leader Telecom Corp's flat profits and its return to the Australian market. The NZSE-40 Capital Index was down 14.52 points at 2,190.60 on turnover of NZ$B3.9 million. —AFP •re V- cmm Advantaga
      AFP  -  287 words
    • Article, Illustration
      Lock icon BANGKOK
      852 26 AFP P set Index +13J3 THAI share prices jumped 3 per cent yesterday, led by buying in banks and finance stocks ahead of a US Federal Reserve meeting later in the day, dealers said. They said there was an emerging consensus the Federal Open Market Committee (FOMC) would confirm
      AFP  -  852 words
    • Article
      Lock icon SEOUL
      388 26 AFP nCompoatehig +UM SOUTH Korean share prices closed yesterday 1.6 per cent higher on a technical rebound after falling for the past five sessions, with the market focused on blue chips, dealers said. But they said trading was slow with investors worried about the outcome of a US Federal
      AFP  -  388 words
    • Article
      Lock icon SYDNEY
      644 26 AFP □All Ordinaries +IL3 AUSTRALIAN share prices closed slightly higher yesterday with trading generally cautious ahead of the US Federal Reserve's policy-making committee meeting later in the day, dealers said. The All Ordinaries Index firmed 11.3 points to 2,999.60. The All Industrials rose 12.7 points to 5,243.50 and the
      AFP  -  644 words
    • Article, Illustration
      Lock icon JAKARTA
      708 26 AFP Q Composite Index -12JH INDONESIAN share prices closed 2.2 per cent down yesterday on jittery profit-taking by domestic investors ahead of the start of the campaign for the June 7 polls, dealers said. A dealer at a local brokerage said investors were nervous about today's official start of
      AFP  -  708 words
    • Article
      Lock icon MANILA
      289 26 AFP Q Manila +14.71 PHILIPPINE share prices closed 0.6 per cent higher yesterday due to selective buying, analysts said. The Philippine Stock Exchange Composite Index rose 14.71 points to close at 2,468.30 points. Volume rose to 9.55 billion shares while value fell to 2.52 billion pesos from 8.36 billion
      AFP  -  289 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6277 27 Or Or M Wt 52-Wk Last V* Day Laat Ouata OJr W» VW NaJ Cap A»g Hmi U» two Cl»»«ny M» fOOO) Hm> U» Buyar C*w P/l 9w8 Wca MUTHNDUSTRY 127 17.5 m b 1000 Acma 50c 116 cd -1 965 119 115 116
      6,277 words
    • Article
      Lock icon SESDAQ
      1276 27 6r Or M W» 52-Wk Last V*4 Day iMtQMM Hi Ok YM NH Cm A* Law 8W Cinm COOW MM> 8wrar 8a8«r CV Pit tmm Ww 142 30 c 2049 AS Auto Kk M *5 1302 ll» M 117 118 IS N 7 13 HI 134.7 116 •33 45
      1,276 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        395 28 fjgjfcg Wgj KepTatLee Bk DBS WOO 41,228.000 WeePoh20c 39.842,000 Goidtron20c 33,485,000 CM Telecom HK75C 28,487,000 Frt Links 20c 27,840.000 KepTatLee Bank 27,162.000 Heshe HWgs25c 21,692,000 Scon Inti 20c 19,592,000 fC Corpn 5c 18,388,000 ST Capital 25c 12,771,000 Hwfci D8S 136,251,332 OCBC Foreign 110,431,866 KepTatLee Bank 107,846,540 DBS Foreign 100,856,872 OCBC
        395 words
      • Article, Illustration
        Lock icon Banks' local stocks soar, but broad market drifts sideways
        651 28  -  STOCK MARKET COMMENTARY Pidlb&ck in late afternoon as investors turn cautions ahead of FOMC meeting By Ven Sreenivasan LOCAL tranches of bank stocks exploded yesterday as investors piled into them following the Monetary Authority of Singapore's announcement of the financial sector
        651 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Over $5m for CityDev directors
          96 28 WHICH company paid its directors 4 per cent less in remuneration but its directors combined still get more than IS million? The answer is City Developments, whose directors' remuneration fell from $5.4 million in 1997 to $5,195 million last year. CityDev has 11 directors. According
          96 words
        • Article
          Lock icon Credit due to Ali for a good joke
          105 28 MALAYSIA'S top central banker All Abul Hassan Sulaiman is one who will not pass up a good joke, as happened at a recent seminar on credit management In the capital. Mr All said when he was asked to speak on the topic
          105 words
        • Article
          Lock icon 'Upgrading':what springs to mind?
          121 28 AT the IT Local Industry Upgrading Programme conference yesterday, National Computer Board chairman David Lim brought smiles to the audience of 600-plus IT industry leaders when he said the NCB was committed to boosting the programme, "whether in the name of NCB or some other name".
          121 words
        • Article
          Lock icon Changing rhythm
          127 28 WHICH is the most popular form of contraception among Singapore women? The condom, used by Just over one-fifth of couples, according to the 1997 National Family Planning and Population Survey. Sterilisation (16 per cent) and the pill (10 per cent) were next These facts and figures are published
          127 words
      • Article, Illustration
        Lock icon HOT STOCK
        74 28  -  By Ven Sreenivasan KEPPEL Tat Lee shares rose more than 9 per cent yesterday as punters homed in on the counter in the expectation o! an emerging merger or acquisition involving the bank, following the announcement of the banking sector liberalisation initiatives The stock has broken through its
        74 words
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      26 17 Hr U W.-vte ar* Ilißlp* Ermenegildo Zegna Grand Opening tomorrow A Ermenegildo Zegna #01-34, Paragon 290 Orchard Road Singd^ore "Do Tlrt Tel: (65) 735 8147 www.2egxtaermenegildo.oom
      26 words
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      825 18 ADVANCED MICROTRONICS TECHNOLOGY (SINGAPORE) PTE LTD NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act. Chapter 50 of Singapore (the ■Companies Ann that at an Extraordinary General Meeting of Advanced Microtronics Technology (Singapore) Re Ltd (the "Company"! held on the 18th day of May, 1999 the following
      825 words
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      105 19 Onl, PACIFIC 111 INTERNET "ijfFive! I fl w I I ■BgL aa^ I ..a"ft M&&- I A '""mm- i I l 1 ftfl \l I MI i i IrU J 1 lT* H•] M jcj I1E:B #k v j a MttfenM ■Mb H (PWNI /w'*?VV*#* "V If*! VI I S
      105 words
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      217 20 STANDARD SPOOK'S EDITOR Standard Poor's is the pre-eminent international credit rating service, with representation in 19 countries throughout the world including four offices in the Asia-Pacific region. Reflecting continued growth in business activities in the region, Standard Poor's has an excellent opportunity for an Editor in its Singapore office. You
      217 words
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      5 20 E TODAY Lianhe Zaobao ±m^gio
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      192 20 FORD MOTOR CREDIT COMPANY Posting Rat* Not** Dim February 13, 2003 (Common Coda No.: >*****3) I SIN No.: U*****97 RV79) (CUSIP No.: *****7 RV7) In accordance with die terms of the documents governing the above-refer-enced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period
      192 words
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      126 21 ■iji^^^Tj^iyts^"£z #&.#s* YOU ONLY BECOME THE WORLD'S MOST ADMIRED PACKAGE DELIVERY COMPANY BY PERFORMING ABOVE Kk Bkß DEVAII 1% n a F° rtune magazine survey of customers comprising B# MIW ll senior executives, outside directors and financial analysts, £/P5" named the world leader in its field. It's an accolade which
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      1248 22 INTER-ROLLER ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Inter-Roller Engineering Limited will be held at 20 Benoi Crescent Singapore *****3 on 10 June 1999 at 10:00 a.m. for the following purposes: AS ORDINARY BUSINESS
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      117 22 The fit survive... but only the best get chosen. 1999 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
      117 words
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      31 25 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. B«y IL Sal It. Had IL f
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      44 27 SOCIETY LI u """l™.™ Qgj yye wH finance. i vessel Loan Factomg WW »W -WW" .____—____j jM Ml Kl* HI; 468 4222/4881 B«1C> Mil W; 282 1458/1810 BlOk T»l: 445 8811/8266 Blklt HH T»l: *****16/1618 fait C»»tt HI: 148 6282/8266 jWgW HI: 266 8888/8866
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      519 28 1 Short of cash to invest? Thple your cash with our Margin Financing! Call DBS Investor Online a r 438-1188 today. 831 )l >SBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 CREATIVE CREATIVE TECHNOLOGY LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF EXTRAORDINARY GENERAL MEETING
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      429 28 IH THE MATTER OF THE COMPANIES ACT. CAP..SO GROSSE SINGAPORE PTE LTD (Members' Voluntary Winding Up) NOTICE B HEREIV GIVEN in pursuance of Section 306(1) of the Companies Act Cap.SO. that a Hnat General Meeting of the abovenamed company will be held at the office of M/S lee Vfeok Chat
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      569 28 MM MATTER OF THE COMMMES ACT, CHAPTER SO AND M THE MATTER OF DHA ELECTROMC (8) PTE LTD (In kkatwi Voluntary Liquidation) Al an Extraordinary General Meeting of die company held on 14th May I9W, the following Special Resolution was duly putni RESOLVED that the Company be wound up voluntarily
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      75 28 q rr i=c Your I I future is |i I your 1 II concern 1 jfefr OK in I il a' I a start to your future j To JMVtrtlM: M| Call UOS-741 IM3 j w The company is growing and we needed more people. We turned to Recruit and
      75 words
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      285 29 Bridge News, Reuters THERE was little activity in the freight market with details of concluded business slow to surface. The Atlantic Panamax market continues to be watched closely as although rates are easing, many brokers continue to feel rates will not drop as much as some players are
      Bridge News,; Reuters  -  285 words
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      Lock icon MARITIME STOCKS
      217 29 CWT DMribirtlon—0.99 unch 75 a*** Hup 1.03 unch 319 c—to inimtiiniu—099 -ata 107 SS8E=88 a "S aas»rf3 ss "is JWHoMtoqt 0.87 -0.02 M7 Jurina SMpyartf —7 JO -O.ts «8 J}55jCw» 5.08 OOT 2593 M»H>rcU Ut unch 0 MWlMirt* 2.09 0.02 427 K«pH>T1» .174 uocfi 473 LM 0.05 9274
      217 words
    • Article
      Lock icon Mercenary anti-pirate group plans office in KL
      463 29  -  Service, to be offered only to selected clients, is targeted at highly organised acts of piracy By] Marcus Hand [SINGAPORE] A UK-based company employing mercenary forces trained in antiterrorist and special maritime operations to combat piracy on the high seas is setting up
      463 words
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      Lock icon Superstar Leo wins 3 awards
      262 29 [SINGAPORE] Asia's top cruise line, Star Cruises, has bagged three industry awards for its recent newbuilding SuperStar Leo. The US$35O million (***** million) cruise ship, which hubs at Singapore, won awards for having Outstanding Cruise Saloons, Cruise Cabins and Cruise Sundeck. The awards were made
      262 words
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      Lock icon Concerted action by govts needed to fight piracy
      692 29  -  STRAIT TALK By\ Seafarer JUST the thought of a pirate attack on a loaded very large crude carrier (VLCC) in the narrow waters around Singapore should be enough to make anybody in shipping shudder. A missed change of course while watchkeepers are
      692 words
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      Lock icon Japan's Big Three raise rates
      741 30 AFTER 18 YEARS OF LOSSES Freight charges to US up 50 per cent as Nippon Yusen, Mitsui OSK and Kawasaki Kisen seek route to profits Bloomberg [TOKYO] JAPAN'S three largest shipping companies Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen KK said they
      Bloomberg; FILE PHOTO  -  741 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      304 30 PACE Foong Son 8 Froti t2 AM. 3 t Frt Links M t Accord 8 U"* Ahrenfciel M 6 AASCO 12 Oefishpg M Appenshtp 7 J« Asm OCL 5 H«SunHup 12 Austral 8 A«nt 14 3 B'tang Mas 8 ,i BSA 7 Ho h '3 BTL HubLine
      304 words
    • Article
      Lock icon SHIPPING GUIDE
      19729 37 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage THepftorve ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Nam* Name Number Number 28/05 03/06 UASC ORAM BREEZE 917N 65-*****17 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 30/05 ovot samudera star island oh 65-*****01 77/05 25/06
      19,729 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        480 43 VtSfl Voy Ho Bfth Arrtol Pt»«turt Mm tad* BI9102 PWU ikmpM 18 05/1200 Mam Sptwtt 8317* PWU < longs KM 18.0W400 Manindo 1 1367S PW8 alonqside 18.05/2000 Mamndo 3 3745S* PW6 .longs** 18.05/2000 Budi Jasa 9 108*99 PWU alongside 18.05/1300 C«r«t« Jn332 lit/99 PW4 jlongsxl* 18.05/1700 ImMim 22/99
        480 words
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        Lock icon CONTAINER SCHEDULES
        1809 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bslonco Rstls SMp Voy Wo Etb/Btr Ptrtod Frew To Frow Aci UIh 0231 WNOO 17/BOO "£°j> IB T7/B00 T7/HW 17/1*00 A* OHM 03K S/WO U 17/BOO JJ/NM ff!»« IT/BOO 17/NM 17/1*00 U J7/T700 N/065* N/OtOO 21 17/1700 N/06M IfflOO J
        1,809 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        167 43 May 24 Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada: Victoria Day. Denmark: Whit Monday. May2B Indonesia: Waisak Day. auyst Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment Jon 3 Austria: Corpus Christi. Jnaß Denmark: Constitution Day. Jnl4 Australia: Queen's
        167 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        794 43 THIS report, compiled by Cockett Marine Oil Ltd. thows price ranges in US dollar* Instead of single price* for a more comprehensive description of the market Prices shown are based on average sized stem. Market movements are indicated The Cockett Bunker Price Index change and the
        794 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        396 43 Cjrkoa WO Mo 990.0 0.9 19J 0.09 75 0.09 u n Dmn, Water tiiMai liti umMwh jidliinl He (bow E25 0 0 8 0 0 0 =12 380 Aw 987.5 0.4 13.5 0.07 36 0.02 300 Mix 9917 L8 19.5 0.09 51 0.04 Wr» M/M »M/M
        396 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon Seoul imposes more sanctions on accident-prone Korean Air
        403 44 FALL-OUT FROM KOREAN AIR'S POOR SAFETY RECORD Half of its Seoul-Pohang routes suspended, restrictions imposed on domestic routes AFP [SEOUL] Seoul yesterday slapped immediate tough sanctions on its national flag carrier Korean Air, blaming pilot error for an accident on the runway
        AFP; FILE PHOTO  -  403 words
      • Article
        Lock icon Honda expects 1st qtr sales to remain flat
        264 44 Bloomberg [HONGkONG] Honda Motor Co, Japan's third largest car maker, said first-quarter sales are not likely to exceed sales for the same period last year because of weak demand in Japan and Asia and a stronger yen. Honda senior managing director Hiroyuki
        Bloomberg  -  264 words
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        Lock icon Rolling on
        52 44 [HAMBACH] Compact Smart cars sitting on the parking lot of the factory in the eastern French town of Hambach. A spokesman of the US-German car manufacturer Daimler-Chrysler said that stopping production of the car was not on the agenda, even though the manufacturer is not satisfied with sales
        AFP  -  52 words
      • Article
        Lock icon Air France suspends code-sharing with Korean carrier
        132 44 Bloomberg [SEOUL] Air France SA, Europe's No 3 airline, suspended a code-sharing pact with Korean Air, the second foreign partnership South Korea's flag-carrier has lost since one of its cargo jet crashed in China, killing five people. The Air France suspension lasts for
        Bloomberg  -  132 words
      • Article, Illustration
        Lock icon Lay off strikes to save PAL, chairman urges staff
        464 44 AFP [MANILA] Philippine Airlines (PAL) boss Lucio Tan has told his staff that he is the company's only hope against liquidation and urged them to waive their strike rights in exchange for fresh equity. "Time is running out on us," he
        AFP; FILE PHOTO  -  464 words
      • LOG Book
        • Article
          Lock icon Cathay, Dragonair raise air fares
          89 44 AFX-Asia HONGKONG] Cathay Pacific AftHrftys andStosfaa!*. Hongkong Dragon Airlines Ltd have raised air iareftof Irst and business classes on several routes by 3-5 per *nt, the Ming Poo Daily reported. The report c$£d spokesmen from the two airlines as saying they have •aised air fares
          AFX-Asia  -  89 words
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          Lock icon China airline orders Y2K system
          53 44 AFX-Asia {HONG KONG] China Southern Airlines Co Ltd said it has ordered a US$lO million (Ssl7 million) Y2K (Year 2000) compliant Systems Operations Control (SOC) from Sahre Incofthe US. The SOC will be housed in a facility adjacent to China Southern's headquarters at Guangzhou Baiyun
          AFX-Asia  -  53 words
        • Article
          Lock icon RailAmerica to buy RaiLink
          72 44 Bloomberg [BOCA RATON, Florida] RailAmerica Inc. the operator of 14 railroads, agreed to buy Canada's RalLink Inc for C$73.2 million (SI85.6 million) to make it one of the largest rail operators worldwide, with 12,960 km of track. RailAmerica win offer C$8.75 a share for RaiLmk's common
          Bloomberg  -  72 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1630 44 CITY FUCHT ETA FUCHT CTO *****6 2359 AMtfto AN8230 1900 Fiiih SOW 1645 ***** 0105 U#361 1900 tiMtrtwWC CZ3S1 2045 C2352 0635 ***** 1,00 1 Hanoi **741 1310 VN742 0905 Amttrdwn K1843 0435 KL838 2300 $0175 1630 sons 1405 S023 0705 VW74Q MW NatVai M1091 IPO
        1,630 words
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        Lock icon Toyota to suffer US$114m recall
        240 44 Suspension problem forces Japanese carmaker to recall 810,000 cars AFP [TOKYO] Japan's largest carmaker Toyota Motor Corp said yesterday it would spend at least US$ll4 million (*****.8 million) to recall more than 810,000 cars because of a suspension problem. Toyota had informed the transport ministry
        AFP  -  240 words
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      90 29 Japan's Big llree shipping lines raise rates Freight charges to US up 50% as Nippon Yusen, Mitsui OSK and Kawasaki Kisen seek route to profits. Page 2 1 i f J iiiv M'Mmi -V jt i A ii«i <*' w -*r; t§ W j -m, ws, rr V** w ~<*rw
      90 words
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      Lock icon Page 29 Advertisements Column 2
      115 29 Seoul imposes more sanctions on Korean Air Half its Seoul-Pohang routes suspended, restrictions imposed on domestic routes. Back Page We can't deliver to Mars (yet), 1 but our fast service covers the earth. C) I or the most ellicient service, in Asia and orouiul the world. go with MO I
      115 words
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      1009 30 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA 1 WEST COAST OF CCMTHAL AMENCA PKARQAWfTA SBflrtCE) wr mm umma mus mmm ommo www Inagrr Iw j m »hmwim aowtu hhwro cowno n cajma mwavwtma aim cm ■nasi** ioimo u/m I
      1,009 words
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      84 30 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPANPORTO Mono tow Chhm Porta IKVHY THUW A «UM WtMl I VOY FID SIN ETATYO ETA 101 ETA YOU ETA NGO ETA OSA MOOT IPSA V.***** 23 MAY 31
      84 words
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      Lock icon Page 30 Advertisements Column 3
      556 30 Cargo to C.1.5.? Refer to Oceanus Shipping On PG 13. 3 >apon 1 1 1 K—Ving <> C^ E >-CH) SH*WttmOWBS IQBII VU» 25J5 ___IZZT kxmpou* 111 m 1L« njs mj> ms am tut not JOiltf BR »JS an MM 35 tlli JSUSL 812! £M ML 2* out out 07Jt
      556 words
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      167 30 Ljnes 4 services represented Members of the by Members ol the M jl af.l Singapore Freight Forwarders W^jjjfJJ Accredited Snipping Agents Association N°»n.y Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES J|. SINGAPORE to BATAM BIKTAM KARIMUH <W SINGAPORE to BANGKA ISLAND A SINGAPORE to OLEGON TO SINGAPORE^
      167 words
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      1116 31 TO EUROPE FROM EUROPE VB» VOT SI RTM ANB NAM WV SOU FIT LW 1 [vESSEI VOT 1 ItTBI ANR HAM MV SOU FIT IBi awl ELK SS3W 20/05 12/0* 09/0* 10/0* 07/0* DANUBE 5441 01/05 2»/0« 24/04 2*/04 20/05 MX IRIS 009W 21/05 o*/0* 06/0* 11/0* 12/0* MY FEDEKAI
      1,116 words
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      37 31 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA VtMfITVOY SPORE JAKARTA SEMARANG SURMATA PERMAIIO436-436 2&05 27/05 29/05 PERMAIIO437-437 01TJ6 03/06 05/06 PERMAI *****-438 08/06 IM* 12/06 PERMAI *****1-031 21/05 2*05 PERMAI *****2-032 28/05 31/05 PERMAI *****3-033 04/06 07/06 PERMAI *****4-034 11/06 13/06
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      1889 31 ®HANJIN SHIPPING HkFl t tkMr»Lw -MM *****30 HAMJIN SHNTM6 mrniJD h* //w. la*. cm KXM)NG ********** SAIfS *****74 731 DOOMST *****71 774 OfBUDOHS *****»75l MAIN UK *****55 Uf TTTftM fl M) HWIIOttM TO NW USA A CANADA USA tWlgA' "wvaTvm um SM immu/voy sm nw pm |PM I 1 msp
      1,889 words
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      Lock icon Page 31 Advertisements Column 4
      503 31 »ssa w_ _s||j_ m vor sm m a usi ib Ivtssa [wrj sw hcc |vksr wn r« i pit i MKmwi6 W7S 14/05 11/05 W7M 10/05 23/05 25/05 27/05 20/05 KM6M>6 I I I I HruMm swung 024s 21/ os a/as 30/05 01/04 02/04 SwilSu I HdbHimk uisS kA |o</d*|
      503 words
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      1519 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA WW aw ia m w mil w m kkl wr "ST* en gt ros wx ww TMKIUPU WW22 14H KM MM DM MM MM CNOTMBOUNCE VMM 2 14M tl M KM MM MM MM PUOON6 SENATOR WNK3 I(.M M M MM 17 M MM
      1,519 words
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      Lock icon Page 32 Advertisements Column 2
      944 32 Carrfr MM CflWirt LINES, MC p. quoang: (o?) *****26 l-JVy V"* J 0 S»U: (064) *****9 MANLA: (02)*****24 PENANQ: (04)*****36 BANGKOK: (M 2) *****67 SURABAYA: (31)*****0 P. KELANQ:(O3) *****77 JKT: (21) *****07 MPN: (81) *****3 KUCHMQ 082) *****1-3 CALCUTTA MADRAS MV "HEIMAR J" V.015N MV "OCEAN BRILLANCY" V.08R049 ETA SIN:
      944 words
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      464 32 LINE gy THi IMb IS»ai 11 1 MUARA 1 1 LABUAM 1 vcsa vor rro ra msa vor no ru STOB MIMU SPOtf UN CAIAIA JN337 VIII/ 99 M PORT 71/0$ CAJUKAJN332 Vlll/W MKMTS/K jptosph viii/w 22/ os 25/05 j ptosis vm/w 22/ os 2*/ os CMUMJN332VIX/W 21/05 31/05 CAIAKAM332
      464 words
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      1514 33 [vessel voy khh hkg sin pkg pob pxb pmm Iba I bik IRAN SHAHRYAR PCL-5106 09/06 11/06 15/06 16/06 25/06 26/06 27/06 20/06 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 06/06 06/06 08/06 10/06 IRAN TEYFOURI
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      2009 33 Wr#ct Calls to Kobt (6 leys), Mf y(7 If t)» fcky (I kyi) I SINGAPORE'S GfNIRAI AGENTS: 6 SHINTON WAY TEL 226 1900 FAX: *****00 OUTWARD (l/L) *****02 JOHORE OFFICE: COSTAK SHIPPING PTE LTD #i 7-o« dbs ildg saus/mgs 420S<S7/60 inward dett (d/ 0) *****85 COSTAR AGENCIES (M) SDN BHD
      2,009 words
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      505 33 CHINA SHIPPING (GROUP) COMPANY 1 CHINA SHIPPING CONTAINER LINES CO., LTD. 1 FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE" WESTBOUND (FIXED WEEKLY SERVICES) VSt VOY TJN QW SHA HKO STO« MM HBO FIX PAN CRYSTAL 9901 06 Moy lOMoy 12 Moy 16 Moy 20 Moy 09Jun lOJun 12 Jun TRADE
      505 words
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      54 33 CHINA 2 SAILINGS WEEKLY Accepting LCL/FCL to all destinations in China MV. 10NDQN EXPRESS* V.06H318 EUSH 21/05/99 MV. 'NEDUOYD OOANU' V.O9EMIB ETA SM 23/05/99 Shipping Times ■-business Centre 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
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      1405 34 EUfiOPEAIK/SCANOINAVIA/FiNLAND/RUSSIA SGP RDM ANW HBG TMP ZEE LHV I LHV TUP RDM ANW HBG PKL I $GP E DECENT RW-809 ?2/05 10AM 18/DB 12AM 14/06 15AM 11AM E REFINE RE-020 29AM 01/05 30*4 02*5 04/05 23/05 24AM E GAINING RW-069 27/16 ISAM 20AM 22AM IE REACH RE 023 06A» OM6
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      761 34 I PACIFIC INTERNATIONAL UNES (PTE) LTD A I SSSS V 140 Cecil Street, 003-00 PIL Building, Singapore *****0. 1 L^—— CR NO: **********06 Hp Idit Jit f lift H«j HWMTCMttII 2)5 M/S W/i 1/6 H/t 14/4 iy* M/ 6 I I Ivpm »0T ~rtT~ sw hk m in wu in
      761 words
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      628 34 N NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA vessel vot sw rtu I du» |jw err I iq~ NAXUIVEMK VO34S 73/05 31/05 04/0* 07/04 01/04 11/04 60UXN WAGON VOI2S 31/05 09/04 13/04 WU 17/ Pi mm Qua V.035S 10/04 11/04 22/0* ?s/ot 77/04 79/04 NAOTAI MA6ON VOI4S 70/04
      628 words
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      450 35 i BSA i. mm MYANMA wBHk FIVE STAR UNE (Myamar National Um) Loading for Ymhjm (Raagooa) vtssa voy sin ra m nu I AGO VIO9W SLD PWYA U3W SU> HAIATSIA AGENTS: DOUSTIAD SMPPNG AGMOIS KUL- m (03)*****00 PKL TE (03) 376*101 PQfc HI (04)*****02 Kit TH (07)*****21/4 BANK LINE (A
      450 words
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      1272 35 HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY |SM SOU taltTMl ANI I HAM INV I Ivtssa VOY I SOU I Lfll I RIM I ART 1 HAM INV I ffl T <m m BH 553W 20/05 07/06 12/06 09/N 10/06 IYIE 5271 30/04 01/05 25/04 27/04 n/nj NOIMS 009W 21/05
      1,272 words
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      1064 35 X nwwjgion ipeciakied aukxsrrmn (7t5)3(01fi Wilhelmsen Lines \J^c±a_jv^ TO NORTH AND UTIN AMERKA *RORO HIAVYUfT SERVKI* [VESSEL VOT IRAMP HEIGHT lAI |Q1 MtA SAV j »Ai ORf NYC 1 MEW 1 MOO 1 TAMPA F9ll 4001 ms 6.3* 30/05 25/0* 04/07 07/07 09/07 Ti76r !270T HJW H7oT If/jT TAIABOT F912
      1,064 words
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      835 36 BANGKOK/MAP TA PHUT/LAKH CHABANQ JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN NAWTA BHUM" jjjgl In Pt 22/05 23/05 GURU BHUM 129S In Pt 23/05 KOTAHARTA HTAO29 20/05 23/05 GURU BHUM ***** 21/06 23/06 YAMTRABHUM 291N 20/05 23/06 22/05 AKA BHUM 344S 22/05 28/06 MATHU
      835 words
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      396 36 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULL COWPUMBR SBtVICg V* Ivcrl rc s» |hb| I sro IM j I«a wo»—m i« w/wa/w am um w*o Ml iyo* mbthwiu vm*m mm n/oo u/n nm miwr n/o*am 3g u/o* ?i/» urnvm mmmto |ig[io/»ou/iol |a/>ijg/m|»/i»|t»/»|N/>7[^" FEEDER SERVICE TO INDONESIA va VOT VOH SHUMU
      396 words
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      773 36 VESS&S VOT raw PKL JED I MLA l&i rtm HAM 7f* «nr VXEDEVB> N3IW 27/06 MM 08*06 14/06 I<K)6 17/06 tSjjj* 2006 VILE DE SHANGHAI H3IW 31/06 01/06 10*06 15/06 21/06 22/06 24*06 25/06 26(06 VELE DtXOON Y3IW 07/06 06/06 17fl» 22/06 27/06 28/06 29*06 01/07 02/07 VMJ-E OE MM4QSA
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      51 37 I INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To PG 6 mi i CONTAINER (EVERY MON/wed/FRO EXPRESS SERVICE MSC A S encies K* Ltd Turn To PG 5 NORASI^J P|9 NEW SERVICE FROM ASIA TO China Shipping (S) PACIFIC Agencies Pte Ltd NORTH WEST PG 7 BARWIL
      51 words
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      50 39 STEftffc Dial 740-6000 on demand —JkJ (Retrieve more schedules!) STO Press "1" c JiTV Select the port and key in STMCJ 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 Skipping times
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      158 40 r n is ■j79fiiin|iin FBOM: U.K./ COHTIHEHT/ MIDOLE EAST TO: FAfl EAST TAW SKN KKU TMA VESa/VOT SIM LAf CHAIAMG MAWU IjOjggjjS K&UN6 A VlSSft 15/04 18/06 21/04 FIGARO 01/0* 04/06 08/06 JDMuS/OT/FUISHMG/ANTwar VISStL/VOY PKL SIN AUSTRALIA/NtW ZEALAND TBA 22/05 20/05 ■AUYSIA- HSHMSONBHD TAWAU OPtKOtN RIKm SVC PORT KHANG AGMT:
      158 words
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      222 40 jjsco^^vrn>rmVnnTVniTT!n?K!VVT^^H SHIPPING LINE i I il'l|j|l|L ViVl 111 i' lIN N I [nil! I TOBRUQ BENGHAZI MISURATA TRIPOLI Ytssnmil voi mo n wis mo mto sw lon raw mm wl n» I I n lin Sfggjß sio3 om» w/»s it/os ivos ii/os li/os «tmm orot n/w n/D4 ivot ivtt IOttSM
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      156 40 ESP LINES WHKLY LCI AMD KI SEKVICI MWISW-COT Hjjjg 059?? OtfTTAGOWG MAMAS UNGCOC. HOW lONS ■OMBAT (BIOKO JAJUUTTA, KAMLA ANTWBP. FBOSTOWt CAi CUTT A NO d> WNH. MfKMt KIGUUUI COWTAMRfSH) IMPOMRUN SfltVKI I VBSB/VOTAH SfOtt I B I gl I K I at f OHM m V/K IMB ll*} 17/tS
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      961 41 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. 1047MMMOOD TEL. *****88 FAX: *****2* (OUTWAItO) 5322H3-4 (IRWAAD) /*****H (IMPOm STATUS) TLX: R*****0 BOOKIN6S CALL DIRECT LINE: 535 6266 C»lla/Jt»»ica/Mei Chaw/Jaslynw/DBra/lwy/Hawlw -r.i e slgs/week every 4 days VEiWtFL VOY o** uctaci VOY SIN [PtJB KOTAMAJU
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      42 41 PHOENIX SHIPPING iptdltd MONTHLY BREAKBULK SERVICE TO SOUTHERN AFRICA ANO INDIAN OCEAN ISLANOS SPORE DURBAN tbntbn own 2S/00 Accepting cargo for Madagascar, Reunion, Seychelles, Mauritius, Bena. Maputo subject inducement. Agents: Ben Line Agencies (S) Pte Ltd Tel: *****22 Pax: *****63 Tlx: R*****0
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      914 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I WG I SNI I «T I SUB I OLW I Fpc I MB I BOM I MM I NYI I OtF I SAV I NTO I TAR I Mo|~| ayos 00/ m JI/m Mm 03/04 11/04 urn 11/07 uzol Jim. JIZIL
      914 words
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      622 41 fCf# Sfagapore Soviet Stippfag CPI k\VV ahiOKOuoaon k\\l Mvitflhe Shipping PI Srfaivy) ahltlVfMK VESSEL VOY SIN BOM PNG PKL KOTA RATU RTUO46 25/06 01/06 TBA 12AM KEOAH 130N 01/06 08AM TBA I«*M KOTA RUKUN RKNO39 07AM 14AM TBA 29/06 [wmb. m tm com m SEA SUCCESS 1 14SV 23-24/05 28/95
      622 words
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      604 42 I VESSEL VOY^^SIN^PKAA^SW^I TIGER BAY 710N 21 22/05 26-29/05 I TIGER ISLAND 711N 25-2605 31-03/06 08-09/06 I TIGER PEARL 712N 2&29/05 02 05/06 11-***** I TK3ERSEA 713N 31-01/06 06-09/06 15-1&06 I TIGER BAY 714N 04 05/06 09-12/06 18-19/06 I TIGER ISLAND 715N 08-09/06 14-17/06 22 23/06 I IVESSE^^^^VO^^SI^^CA^^SII^I HARIBHUM 909
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      895 42 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin9singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITT SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUN6 PLEASE CALL OUR TOLL FREE LINE: 1800-5&***** FOR BOOKING Overseas Offices Hongkong 852-*****113
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      39 42 REGULAR DIRECT CONTAINER A BREAKBULK SERVICE TO PORT LOUIS DURBAN EXPORT VOY SIN PTL DBN ALS EXPRESS 05WB 26/05 06A)6 11/06 ALS ENDEAVOUR 06WB 27/06 08/07 13/07 ACCCPTMG TO JOHANNESBURG AGENTS: SINGAPORE BEN LINE AGENCIES T«l: *****22 Fw: *****63
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      1101 42 OOCL (Singapore) Pte Lid CFS Keppel Distrpk 65 CM« Si OCK CIT #42-00 *****13 Mk 513 #01-128 f J C*M011I7S7«OOOOH itfc 272 7027 f VL fat *****83 F«: 438 2966 Fu: 272 782S ZjE BWJ_ OnertOvwvw Container line "IT [Mobysw Sdn Bhd (fag No: *****2-U) of PCTAUNG JAYA fab 03-756
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      146 42 FULL CONTAINER SERVICE SIN PASIR GUOANG SIN DAILY SAILINGS [VESSEL VOY ETA FG OWV I VPT |FM SN MY PROGRESS 9992S 20/06/99 (THU) 9992N 21/06/99 (FW) MP 222 ~006»- 21/05/99 W~ 006 aT 22*5*9 ggf PROGRESS 9993S 22/06/99 (SAT) 9993* 23/05/99 (SUN) PWXSRE*S "*****" fe/06/M SOT WS*i~ AccnitiiiM UC cargo
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  • Page 43 Miscellaneous
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      Lock icon Page 43 Miscellaneous Column 1
      121 43 1 <«, LEGEND: R Thunderstorm Temperoture •<, y Shower Weather Wr»d Erection with speed m knots Rom Cloudy Sky Wov he, 9 ht Of* mdicoted by arrows which Hy with the wind One tul circle represents colm or fcght and variable wrxh One half Heche represents 5 knots I—— One
      121 words
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