The Business Times, 26 May 1999

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Microfilm: NL21497
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MIT A (P) 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, MAY 26, 1999
    14 words
  • Article
    Lock icon MARKET SUMMARY
    66 1 SH 18*21 (-36.59) mm mm (-14.97) FUTOBES mm mw (-7.10) CIMAIKETMOOD: KB Mixed STOCK MAJUEET INDICES Tuesday Change KLSECOMP 758.18 +14.76 NIKKEI 1*214.23 -176.28 HANG SENG *****.91 SET INDEX 451.06 -ia» JAKARTA COMP ._619.88 +6J4 MANILA COMP —2470.37 46.10 TAIPEI WPI 7,417.03 -***** SEOUL COMP 698.69 +3.09 CLSA
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  • Article
    Lock icon FINANCE
    80 1 FOBEX KATES US$ SI US$_ 1.723 £(US$/S$pcr£) 1.600 2.766 HJRO(USS/S$ per E) 1.063 1.831 DM 1.840 0.936 YEN 122.7 1.404 RM 1800 9.463 HKS 7.764 0122 BAHT 37.06 0.047 WJP1AH 7,990 0.022 •St lorn links PUKE KATES SINGAPORE* §825 KUALA LUMPUR 11.60 JAKARTA 28.60 BANGKOK 14.75 MANILA 22.90 HONGKONG
    80 words
  • Article, Illustration
    Lock icon Private home sales hit 5,000 in Q1
    561 1  -  Some analysts see take-up as pent-up demand, forecast sales tailing off By. Marissa Chew [SINGAPORE] Sales of private residential properties hit a sizzling 5,000 units in the first quarter almost half the number sold in the whole of last year. According to a
    Source: SISV Services, Edmund Tie & Co  -  561 words
  • Article, Illustration
    Lock icon S'pore bourse not 'bubbly', says PruBache chartist
    579 1  -  Optimism based on strong corporate recovery, technicals By\ Siow Li Sen [SINGAPORE] The Singapore stockmarket is not "bubbly", says John Schofield, a respected chartist with US broker Prudential Bache Securities. Hongkong-based Mr Schofield, in town to visit clients, told BT yesterday: "It takes
    Source: Prudential-Bache Securities  -  579 words
  • Article
    Lock icon Govt to pursue Clob issue with KL: BG Lee
    425 1 Malaysians decided to change roles and restrict trading of these shares Bridge News, Reuters [TOKYO] Singapore Deputy Prime Minister Lee Hsien Loong said yesterday that the Singapore government is taking up the issue of frozen Clob shares "with Malaysians at appropriate
    Bridge News,; Reuters  -  425 words
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      159 1 DBBPB Money Matters Yen survives its first test of 125, but the 121.50 level could be a good re-entry point. However, all bets are off if the Dow is hammered below 10,000, Pg 14 Hack Lick Siew Conrad Raj explains why SembCorp Industries deserves a second look, Pf IS Wwst
      159 words
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      69 1 Hard landing for US economy caa't be ruled ont: IMF Pg 4 I don't really care j If it doesn't work I take the blame. I don't care what you call me. I can assure you, after 35 years of banking experience, i don't really care what people call me.f
      69 words
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      84 1 What SES, CDP can do to help findfast solution, Pg 2 Call to lawyers: take up Clobcase, Pg2 GENEVE 'hJh IN SINGAPORE: Chopanl Boutique. 435 On-hard Road no. 02-36, Wisma Atria. Tel. 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Promenade, Centrepoint. Suntec City Cortina shops: Lucky Plaza.
      84 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Retailers divided over impact of Great S'pore Sale
      657 2  -  Many S'poreans are away on holiday during the sale period, some note By Rahita Elias RETAILERS disagree over the impact of the Great Singapore Sale, which begins officially on Friday, on their own sales. Some said that local people now make up
      FILE PHOTO  -  657 words
    • Article, Illustration
      Lock icon Sales of catering trade up 4.8%
      295 2  -  EYE ON THE ECONOMY Commerce Carol Eng SINGAPORE'S catering trade posted its first sales increase of 4.8 per cent in March, after 13 straight months of year-on-year decline. Signalling a possible turnaround since the index started slipping in February last year, all the different
      Source: DOS  -  295 words
    • Article
      Lock icon New flat scheme for low-income families
      404 2  -  HDB 'rent and purchase' move to help them own flats By. David Boey COME September, families whose gross monthly household incomes range between $800 and $1,500 can lean on a new Housing Development Board scheme aimed at helping low-income families to eventually own their
      404 words
    • Article
      Lock icon SembRes cash alternative not required
      674 2  -  Lena Chia Yue Joo, Linda Hoon Siew Kin WE refer to the letter from Yee Soo Chai ("Why no alternative cash offer for Sembßes?" BT, May 20) in relation to the proposed scheme of arrangement to privatise Sembawang Resources Ltd (SRL). We would like to
      674 words
    • Article
      Lock icon What SES, CDP can do to help find fast solution
      440 2  -  MAILBAG Alan Chong Singapore AS the Stock Exchange of Singapore ponders its response to the latest closed-end fund offers from Malaysia, Clob investors ought to be realistic and not to expect too much. The SES would insist, as it is
      440 words
    • Article
      Lock icon Call to lawyers: take up Clob case
      178 2  -  A S Khaled via Internet I AM very concerned to note that so far members of Singapore's legal profession have not come forward to offer their services to represent the Clob victims. This indicates that either they are not confident enough to be
      178 words
    • Article
      Lock icon DBS ready to take on foreign competition
      351 3  -  We'll improve our performance and explore new markets and businesses: CEO By Wong Wei Kong THE liberalisation of Singapore's banking sector may make its impact felt on DBS Bank's bottom line but the bank is* prepared to take on the new competition, vicechairman
      351 words
    • Article
      Lock icon SBA welcomes more players to offer digital TV
      274 3 THE door is open in Singapore for many more companies besides Television Corporation of Singapore (TCS) and Singapore Cable Vision (SCV) to offer programmes and services on digital TV, the next-generation TV format. The Singapore Broadcasting Authority (SBA) certainly hopes there will
      274 words
    • Article
      Lock icon St Paul Re aims to double S'pore premium income
      309 3 ST Paul Reinsurance, one of America's biggest reinsurers, plans to double its premium income in Singapore in five years. Last year,, its premium income here amounted to about US$l5 million (5525.8 million). Libby Zorbas, its general manager for Singapore, told BT
      309 words
    • Article, Illustration
      Lock icon Companies' cost burden in training older staff slashed
      458 3  -  Their share of wages for workers who are on course cat to 15% By. Annette Pau THE government has farther encouraged employers to send older staff for training by reducing their cost burden. Manpower Minister Lee Boon Yang said yesterday that his
      ARTHUR LEE  -  458 words
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      3 2 r A jsone^olLS
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      27 2 DRAKE EXECUTIVE SEARCH DRAKE INTERNATIONAL (S) LTD 8 Shenton Way #40-03 Temasek Tower Singapore *****1 Tel (65) 225 5809 Fax (65) 227 0071 Email johnkoh@drakesin.com.sg Website http://www.drakeintl.com
      27 words
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      244 2 Programme mumm Executives Managers Jy ■iriiiiuiiinrTM cdaf a post-graduate diploma offered by the Association of the Chartered I Certified Accountants which aims to educate non-accounting professionals towards a working knowledge of accounting and finance. Graduates from this HNMJHHBMH course will be granted exemptions from some MBA programmes. CDAF is a
      244 words
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      69 3 *-*7 -«l** v p Wr Si si 9 WE® thill i^m L. B New dreams and legends jr-'; #w 3i!^^^3HißEBa^gjHL e&ii W llfitr "'l HERMES kw^aaaßigSgl^^^t:-A^•% paris WSKM x "St-S^*' Vf BS*" L, MI l 9 a'" H fl B, JA B ir I BL P P>^ fl m Bl
      69 words
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon Hard landing for US economy can't be ruled out: IMF
      572 4  -  But Asian economies unlikely to slip back into recession as a result, says Larsen Vikram Khanna [SINGAPORE] Although not likely, the scenario of a hard landing for the US economy, which could lead to a recession and a sharp slowdown
      572 words
    • Article, Illustration
      Lock icon Japan still top regional partner for Asean: BG Lee
      628 4  -  (Mui can't tan Japanese Investment away from Amu From, Anthony Rowley in Tokyo JAPAN will remain the primary regional economic partner for South-east Asia despite current problems In the Japanese economy and China's strong growth, Singapore Deputy Prime Minister Lee Hslen
      628 words
    • Article, Illustration
      Lock icon Greenback sheds last week's gains, ends at 122.50 yen
      477 4  -  By] Larry Wee [SINGAPORE] The US dollar gave up all of last week's gains to end at 122.50 yen yeeterday, spooked by a 175-point drop In the key Dow Jonee Industrial Average on Monday, and rising fears about Latin American financial
      Source:  -  477 words
    • Article
      Lock icon KL's US$2-3b bond issue gets BBB- rating from Duff & Phelps
      599 4  - KL's US$2-3b bond issue gets BBB- rating from Duff Phelps Agency says rating reflects modest external debt burden By Walton Morais [SINGAPORE] International rating agency Duff Phelps Credit Rating Co (DCR) has assigned an Investmentgrade triple B minus (888-) rating to Malaysia's US$2US$3 billion (553.4-555.2 billion) global bond issue to
      599 words
    • Article
      Lock icon Good practices help access to capital
      347 4  -  Asla-Pac conference ■peaker* ctreu need (or good governance By' Wong Wei Kong [SINGAPORE] Good corporate governance will help Asian companies gain access to capital and aid the region in its recovery from the economic crisis, said speakers at this year's Asia-Pacific Conference on Corporate
      347 words
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  • TRADESPUR
    • DIARY of Events
      • Article
        Lock icon Proposed Fairs/ Missions
        145 5 Plastics Industry Mission to die Philippines Date Job 99 Follow-up Mission to China on Affordable Housing Date Jaa/Jal 99 Auto-Pan Mission to Hubei Date Jaa/Jal 99 Business-matching Mission to Japan Date Job 99 Mission to East Germany Date Jaa 99* •Border Trade Mission to Yunnan Date Jaa
        145 words
      • Article
        Lock icon New Seminars/ Courses
        194 5 International Trade Financing through Forfaiting (New) Dale 1 Job 99 Application Negotiation of Letters of Credit (4" 1 Intake) Dates 2-3 Jan 99 Contemporary Finance Series Asset Securitization (New) Date 4 Jon 99 Making Cross-Border Direct Marketing Work (New) Date 23 Jon 99 International Procurement Series: (Module
        194 words
    • Article, Illustration
      Lock icon Tapping Business Opportunities Through International Development Agencies
      413 5 Opportunities Abound In Infrastructure-related Sectors With Over 40,000 Contracts Awarded Annually. Local companies can tap into a wealth of business opportunities available through international development agencies such as the World Bank Group (WB) and the Asian Development Bank (ADB). "Through its lending programmes,
      413 words
    • Article
      Lock icon A Business Library To Help You Meet Your Trade Needs
      305 5 Q How can companies find overseas business contacts? A Apart from being a depository of business information, TDB Business Library acts as an active matchmaker to Singapore companies venturing overseas. The Library has a unique service called International Business Opportunities
      305 words
    • Article, Illustration
      Lock icon India Offers Potential For Fashion Retail Sourcing
      298 5 India is gradually gaining recognition as a place for fashion retail sourcing. The country is an excellent source for fabric, apparels, costume jewellery, handicrafts, gifts and home furnishings. Major Singapore retailers involved in the first fashion retail sourcing mission to India in February
      298 words
    • Article, Illustration
      Lock icon Trade Fairs In Dubai: Grounds For Attractive Business Deals
      406 5 Trade fairs are an invaluable source for contacts and business deals, as local companies discovered after their participation at two recent fairs in Dubai. The companies returned from Asian Tigers Exhibition'99 and Gulf Food '99 earlier this year with positive results
      406 words
    • Article, Illustration
      Lock icon More Local Technopreneurs Looking To Europe
      279 5 Local technopreneurs are increasingly looking to untapped European markets to seek new opportunities and internationalise their businesses. Singapore's increased involvement with a total of 39 companies this year in CeBIT 99 was a clear reflection of the growing interest. CeBIT offers an ideal platform
      279 words
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      20 5 For more Information, please call Information includes TDB Business Missions ZZ/3 -TDB Seminars/Courses TDB's 24-hour hotline TDB Business Library Services
      20 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon A fragile alliance
      909 6  -  BLBOTXOX WAXOH The much publicised opposition pact Is a most unlikely marriage of convenience, given the mutual apprehensions among the three By Yang Razali Kassim IS the Indonesian opposition's dream of a united front as good as shattered? Amanat Demokrat Bangsa for the Nation's Democratic Mandate is
      AFP  -  909 words
    • Article
      Lock icon China accuses Philippines of ramming ship
      197 6 MANILA Reuters CHINA yesterday accused the Philippine Navy of ramming one of Its fishing boats and sinking It, but Manila said It was an accidental collision and expressed regret. The sinking of the 45tonne Qlonghal *****1 on Sunday was the latest Incident to mar
      Reuters  -  197 words
    • Article
      Lock icon Mahathir tells West to let Asia recover on its own
      553 6 KUALA LUMPUR Warns of danger of ■mat if East Asian economies worsen AFP MALAYSIAN Prime Minister Mahathir Mohamad has told the West to let Asia resolve its own economic problems, warning in his new book that any economic deterioration might
      AFP  -  553 words
    • Article
      Lock icon Indon team going to Europe to probe Suharto wealth
      361 6 JAKARTA Jnatlce minister and A-G to follow op on Time report* Reuters INDONESIA said yeiterday It would send Its justice minister and attorney-general to Austria and Swltserland as part of a government probe Into the wealth of former presldsnt Suharto. Justice
      Reuters  -  361 words
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      905 6 0 U X.N industr.es LTD Notice Of Annual General Meeting (Incorporated in me Republic of Singapore) NOTICE IS HEREBY GIVEN that the 1999 Annual General Meeting of the Company will be held at the Conference Room, No. 18 Woodlands Loop, Singapore *****0, on Wednesday, 16 June 1999 at 10.00 a.m
      905 words
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  • FOCUS
    • Article, Illustration
      Lock icon Salim Group—resilience in adversity
      2995 7 Salim Group —resilience in adversity Despite political uncertainty and debt woes, the Indonesian conglomerate may well survive and even prosper, sav analysis and bankers NYT A YEAR ago this week, Anthony Salim looked out from his 19th floor office in Jakarta and watched his hometown go up in flames. Angry
      NYT; FILE PHOTO  -  2,995 words
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      138 8 pacific f INTERNET'S does wonders For my liFe! <^) Ssife) it's An i It s the Idtsst I MtaMhajb DARLING'S BIRTHDAY!!! I ttfc H pHHMMM«aiaK l<wrrw IMi'l M> TWMlltytScKßiUMr" H Golf lessons cycling HMdM I A M Mum to vi«t new house I 111 I i■■ i I i .1
      138 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon US holds Taiwan firms guilty of DRAM dumping
      394 9  -  If it is confirmed, Taiwan imports will face higher tariff From Macabe Keliher in Taipei THE US Commerce Department in a preliminary ruling has found Taiwan makers guilty of dumping computer memory chips in the US at below market prices. This could
      394 words
    • Article
      Lock icon HK retail sales down 14%
      100 9 HONGKONG Bloomberg HONGKONG retail sales fell 14 per cent in March from a year ago, matching a six-year low reached in the previous month, as consumers spent less on clothing and big-ticket items such as cars and jewellery. Total retail sales fell to HK$l4.l billion
      Bloomberg  -  100 words
    • Article, Illustration
      Lock icon Provincial govt unveils scheme to save Guangdong Enterprises
      635 9  -  Creditors reject it, saying plan'not satisfactory on initial inspection' From Quak Hiang Whai in Hongkong CHINA'S Guangdong provincial government yesterday put forward a complex restructuring plan to save the troubled Guangdong Enterprises (Holdings) (GDE) and related companies in what was described by
      AFP  -  635 words
    • Article
      Lock icon PBOC warns firms of liability for Itic losses
      212 9 SHANGHAI Move is precursor to Itics mergers, says Shandong official Bloomberg SOME of China's biggest companies were told for the first time yesterday that they may face millions of dollars in losses on investments made by the nation's struggling investment trust firms.
      Bloomberg  -  212 words
    • Article
      Lock icon US' AES to halt China investments, citing regulations
      242 9 BEIJING Bloomberg [BEIJING] AES Corp, the largest US power plant developer, plans to halt all future investments in China until the country's regulations and legal framework improve, an executive said. "We're going to do no more," said Bill Ruccius, president and chief
      Bloomberg  -  242 words
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      270 9 answer. Trade any (in working condition) with Processor or above and we'll give you jj^ a B enerous cas h rebate on a brand new Y2K compliant Compaq V Deskpro. Take up this timely offer and you could upgrade your business hardware without having to upgrade your IT budget, y--„And
      270 words
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  • ASIA
    • Article
      Lock icon Japan's large store retail sales down 5% in April
      404 10 TOKYO That's despite free shopping vouchers as unemployment continues to bite Reuters [TOKYO] Japanese consumers are keeping a tight grip on their wallets, despite government promises to ease the pain of corporate restructuring and the distribution of 700 billion yen (Ss9.B
      Reuters  -  404 words
    • Article
      Lock icon Australians oppose GST on food
      241 10 CANBERRA Poll shows 52% back Howard's GST plan if food is exempted Reuters AN opinion poll published yesterday handed a clear message to Prime Minister John Howard that Australian voters want food exempted from a proposed 10 per cent goods and services tax. As Mr
      Reuters  -  241 words
    • Article, Illustration
      Lock icon Congress cheers as Sonia returns to helm
      460 10 She says voters will give a fitting reply to those who questioned her patriotism AFP Reuters [NEW DELHI] India's opposition leader Sonia Gandhi yesterday made an impassioned defence of her deep ties to India as she consolidated her command over a jubilant Congress
      AFP; Reuters  -  460 words
    • Article
      Lock icon Kang opposes LG takeover of Korea Life
      378 10 SEOUL Minister wants chaebol to focus on paring debts first Bloomberg SOUTH Korea's new Finance Economy Minister, Kang Bong Kyun, said yesterday that LG Group's attempt to take over Korea Life Insurance Co won't be approved unless the group improves its finances first.
      Bloomberg  -  378 words
    • ASIA Notes
      • Article
        Lock icon Support for Obuchi rises to 41%: poll
        106 10 Reuters [TOKYO] Public support for Japanese Prime Minister Keizo Obuchi's cabinet has risen to 41 per cent, the highest level since his government was formed last July, according to a weekend poll conducted by major Japanese daily Asahi Shimbun. At the top of
        Reuters  -  106 words
      • Article
        Lock icon Indian state firms'execs get pay hike
        55 10 AFX-Asia [BOMBAY] The cabinet Monday approved a salary rise worth an aggregate 20.70 billion rupees (*****.6 million) for nearly 370,000 executives of state-run companies, The Economic Times reported. The additional cost will be borne by the firms. The revision will be implemented with retroactive
        AFX-Asia  -  55 words
      • Article
        Lock icon Japan still richest in overseas assets
        86 10 Reuters [TOKYO] Japan owned more assets in other countries than any other country in the world for the eighth straight year in 1966, the Ministry of Finance reported yesterday. Japan's net overseas assets—total foreign assets held by the government and businesses minus liabilities—hit a
        Reuters  -  86 words
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      780 10 LC. Development Ltd (Incorporated in ihe Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Board Room of the office of L.C. Development Ltd, 38 Kim Tian Road, #03-00 Kim Tian Plaza. Singapore *****2 on 16 June 1999 at
      780 words
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      169 10 —Jgv KHATTAR WONG PARTNERS Advocates Solicitors SOLICITORS The Banking, Finance and Property Department of Khattar Wong Partners requires Partners Associates. The variety of financial and conveyancing work will provide a challenging and fruitful career. Please write with full resume to: The Recruitment Partner Banking, Finance and Property Department Khattar Wong
      169 words
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  • THE WORLD
    • Article
      Lock icon '98 is worst year for emerging markets
      510 11 WASHINGTON Russia is the worst performer as share prices in 24 of 31 countries fell: IFC Reuters EMERGING markets, once the darlings of the daring investor, recorded their worst ever year in 1998 and share prices fell in 24 of the 31 countries
      Reuters  -  510 words
    • Article
      Lock icon Americans' wealth driving strong spending: Greenspan
      366 11 WASHINGTON Amount of uvlng has thus turned negative, he mji Reuters FEDERAL Reserve Chairman Alan Greenipan said on Monday that US consumers were using capital gains from both the stock market and equity built up In their homes to fUel strong spending. He noted
      Reuters  -  366 words
    • Article
      Lock icon New economic supremo for Russia
      303 11 MOSCOW Reuters FINANCE Minister Mlkhsll Zadornov was named yesterday as Russia's new economic supremo, a surprise appointment that will see him become a first deputy prime minister while keeping his previous post. The appointment by President Boris Yeltsin means moderate reformer Alexander Zhukov, widely tipped
      Reuters  -  303 words
    • WORLD Watch
      • Article
        Lock icon US May consumer confidence up slightly
        64 11 AFP [NEW YORK] US consumer confidence ss measured by the Conference Board edged up to 136.8 in May from a revised 186 A In April, the board reported yesterday. It said its expectations index ross to 109.3 from a revised 108.8, An Index gauging
        AFP  -  64 words
      • Article
        Lock icon Nato hopes ambiguity will cow Milosevic
        57 11 [LONDON] Nato la lurching from disarray to deliberate ambiguity In Its effort to force Yugoslav President Slobodan Milosevic to accept its peace terms in Kosovo. The alllee are on the brink of agreeing to send more troope to neighbouring states, ostensibly for post-war peacekeeping
        57 words
      • Article
        Lock icon Brazil currency weakens
        55 11 Bloomberg [SAO PAULO] The Brazilian currency weakened for a fifth day as recent declines in 9tocks and bonds boosted demand for dollars on concern neighbouring Argeijtina could be forced to devalue its currency. The real lost 1.2 per cent to 1.745 reals against the dollar, its lowest
        Bloomberg  -  55 words
      • Article
        Lock icon WTO to meet today on director general
        57 11 AFP [GENEVA] The World Trad* Organisation confirmed a moating la scheduled for Wednesday In a fresh bid to resolve the problem of choosing a new director general Thai deputy premier and commerce minister, Supachal Panitchpakdi, and former New Zealand prima minister Mike Moore
        AFP  -  57 words
    • Article, Illustration
      Lock icon The price of learning
      49 11 [BOSTON] Political science major Paul Fabsik waring a price tag hanging from his mortarboard estimating the cost of his education, yesterday during commencement ceremonies at Boston College In Newton, Masachusetts. The annual undergraduate tuition at Boston College is U5529,839 (5531,389), including room and board. REUTERS
      REUTERS  -  49 words
    • Article
      Lock icon China stole all major US nuclear secrets: report
      492 11 WASHINGTON Bering calls Congress report an attempt to poison US-China ties AFP, AFX CHINA stole key data on every important US nuclear warhead made since the 1970s and even shared the secrets with US enemies, according to a US congressional report which
      AFP,; AFX  -  492 words
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      312 11 I ExcGptfona/ fnss&stm&nt I Australian waterfront ranch I 2350 ACRES 6klm riverfrontage) I Magnificent Home Improvements I AU$2.B5 Mlllien I 3V2 hours from the Gold Coast, Grafton area NSW r »■> i I Situated in the heart of the Clarence Valley on the IA great position this unique freehold waterfront
      312 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon How entry to Asean can help Cambodia
      647 12  -  THE BOTTOM LIMB OPINION By Harish Mehta The writer is BT's Bangkok correspondent He is also BT's Indochina specialist THE entry of Cambodia into Asean offers a new chance to resolve long-festering disputes between Phnom Penh and its neighbours over offshore oil reserves,
      647 words
    • Article
      Lock icon IN OTHER WORDS
      173 12 'I was ahead and everything was nice and clear from December until the end of March, and then the rumours began. We can't allow rumours like this to be successful.' Panjtrjijf k<H the Thai contender in the stalemated race to head the World Trade Organisation, on a
      173 words
    • Article
      Lock icon Beijing's word on abode in HK
      595 12 EDITORIAL DID the Hongkong government decide that enough time had been spent arguing over the right of abode of 1.67 million potential mainland migrants that it had to turn to Beijing to interpret the true legislative intent of two articles of the Basic Law?
      595 words
    • Article, Illustration
      Lock icon Is the new American economy growing old?
      898 12  -  Greenspan doesn't provide an answer as the Fed plays it safe by taking the middle gronnd By\ Leon Hadar The writer is BT's Washington correspondent LAST week's decision by the United States Federal Reserve to adopt an end-of-meet-lng statement indicating that it was
      FILE PHOTO  -  898 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1129 12 Cost of credit tat todonoria THE way that Jakarta stock prices have roared back to life in recent weeks might suggest that Indonesia's problems are fast becoming a thing of the past. But the reality is that, because of the prescriptions of the International Monetary Fund
      1,129 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A night of destiny awaits
      656 13  -  EUROPEAN CUP Tomorrow's final is Manchester United's chance to pnt things right in another England v Germany meet By\ Shahiron Sahari The writer, a Sydney-based journalist, is not a Manchester United supporter ANOTHER England v Germany encounter, and another riveting night of European football is
      656 words
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      136 13 I You'll love the Japanese Dinner Buffet at St. Gregory's Brasserie of Grand Plaza Parkroyal. It features all-time favourites such as Sushi, Sashimi, Tempura and tempting hot pots as Beef Katsu, Tori Terriyalci and many more. *28 (Adult) $14 (Child) For reservations, please call tel: 432 5567. Prices subject to
      136 words
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      Lock icon Page 13 Advertisements Column 5
      155 13 ,1 ISaUraam l)ancitujL AT THE NEPTUNE Set your nigbt on fire. Tango, Waltz, 3a or o< Wednesday nigbt as you dine ow our seafood sertings with a complimentary glass of of wine and stand a chance to win w attractil>e prizes weekly Every Wednesday, 7pm i am Pricing: $30 nett
      155 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      777 13 CRYPTIC CROSSWORD 7 Interpreter was quiet with IV one set of books (8) I I 10 Most important sharehold--11 Four voices becoming noisy 12 Expert magician (6) JH IH pHH way followed (8) Hi teg LaJ LmJ Conventional city in Switzerplaced (6) 20 Paul, ride off for an anaes- ii
      777 words
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Yen survives its first test of 125
      1112 14  -  121.50 yen could be good re-entry level, but all bets off if Dow is hammered below 10,000; test for Sing dollar's resilience will come at around 551.75 By Larry Wee THE US dollar broke through the 123.5 yen resistance with remarkable ease last
      Source: Bridge; Source: Hypovereinsbank  -  1,112 words
    • Article
      Lock icon Japan needs urgent measures to sustain recovery
      741 14  -  Global economy will be in grave danger unless Tokyo takes action By I Chua Soon Hock The author is chief strategist, Sanwa Bank, Singapore. The views are his own and not necessarily those of Sanwa Bank. AFTER nine years of prolonged wealth destruction
      741 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      328 14 Currency Interest Rate* Japanese Yen 18% p.a. I Australian Dollar 18% p.a. Br 2 mm Euro 12% p.a. Get 18% P.a.* Canadian Dollar 12% p.a. p British Pound 11% p.a. r on your If you're looking for a foreign currency deposit that gives you high J Bg q returns, a
      328 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon DBS Land selling office building for $193m
      624 15  -  Asset securitisation deal gives it option to buy back Robinson Point at discount By i Corinne Kerk [SINGAPORE] As part of its restructuring and divestment programme, DBS Land is selling its 21-storey office building, Robinson Point, for $193 million under an asset securitisation
      624 words
    • Article, Illustration
      Lock icon Scotts denies it is trying to window-dress balance sheet
      605 15  -  By < Conrad Raj [SINGAPORE] Scotts Holdings' capital reduction plan is not an attempt to windowdress its balance sheet but only the first step to strengthen itself financially in its efforts to become a global player in the service apartment business.
      605 words
    • Article
      Lock icon Clean break with the past clears SembCorp outlook
      634 15  -  HOCK LOCK SIEW Conrad Raj SEMBCORP Industries' recent decision to finally bite the bullet and make a $150 million provision for its ill-fated Solitaire conversion job appears to be another attempt by president and chief executive Wong Kok Siew to clean the
      634 words
    • Article, Illustration
      Lock icon Leng Beng has 'hit list' of hotel targets: report
      364 15  -  M&C group primed for acquisitions with £900 m war chest By Ang Wan May [SINGAPORE] With about £900 million (552.5 billion) in his war chest, hotelier Kwek Leng Beng is actively scouting for further acquisitions in Asia, Europe and America. According
      FILE PHOTO  -  364 words
    • Article
      Lock icon CityDev launches $250m note programme
      204 15  -  By. David Boey [SINGAPORE] City Developments yesterday announced the launch of its $250 million medium-term note (MTN) programme which will be used to refinance existing borrowings and as working capital. The first issue of notes under CDL's MTN programme is a $50 million three-year note
      204 words
    • COMPANIES
      • Article
        Lock icon MPHB parent to start Multi-Purpose Capital talks
        599 16  -  M'si&n Plantations gets Bank Negara approval for talks to boy finance unit From Ruth Wong in Kuala Lumpur MALAYSIAN Plantations Bhd (MPlant), the parent company of Multi-Purpose Holdings Bhd (MPHB), has won Bank Negara's approval to begin negotiations to buy MPHB's unlisted financial
        599 words
      • Article
        Lock icon Tongkah delays debt restructuring
        261 16 Reuters [KUALA LUMPUR] Malaysia's Tongkah Holdings Bhd said shareholders and bond holders were unable to approve its debt-restructuring plan due to the lack of a quorum at an extraordinary general meeting yesterday. The national Bernama news agency quoted Tongkah executive chairman Mokhzani Mahathir as saying it
        Reuters  -  261 words
      • Article
        Lock icon Lippo insurance unit shares see heavy trade
        525 16  -  News of sale to AIG boosts volume; stock closes unchanged From Shoeb Kagda in Jakarta TRADING in the shares of Asuransi Lippo Life, the listed life insurance arm of the Lippo Group, exploded yesterday on the news that the company was being sold
        525 words
      • Article, Illustration
        Lock icon Share placement instead of rights for speed reason: HSBC
        626 16  -  Group needed to take advantage of strong market performance From Quak Hiang Whai in Hongkong HSBC Holdings yesterday defended its recent decision to place out new shares to institutional investors instead of to its own shareholders, saying that a rights issue
        FILE PICTURE  -  626 words
      • Article
        Lock icon panpacmedia.com to launch Yahoo!-style Web site in June
        358 16 Reuters [SINGAPORE] Singapore's panpacmedia.com plans to launch a major Web site next month which aims to replicate America's highly successful Yahoo! portal, CEO Ricky Ang said yesterday. "We are launching our Web site in June. It will be a major consumer portal.
        Reuters  -  358 words
      • Article
        Lock icon Transit-Mixed Concrete net up 24%
        251 16 It posts $3m profit despite 16% fall in turnover [SINGAPORE] Transit-Mixed Concrete yesterday announced a 24 per cent rise in profits to $3 million for the year ended Feb 28, despite turnover slipping 16 per cent to $70.6 million. Earnings per share increased to 4.45
        251 words
      • Article
        Lock icon Pac Can net assets $16.99m at end-Feb
        225 16 [SINGAPORE] Debt-laden Pacific Can Investment Holdings yesterday disclosed that as at end-February, it had net assets of $16.99 million at the company level. The unaudited figure was provided by Price Waterhouse in an update of the can maker and construction company's financial position
        225 words
      • COMPANY Briefs
        • Article
          Lock icon Form Holdings unit sells JB office
          108 16 [SINGAPORE] Form Holdings' wholly-owned subsidiary, Form Records (Malaysia), plans to sell its three-storey shop office in Johor Bahru to an unnamed third party for 680,000 Malaysian ringgits (*****,176). FRM has collected a 10 per cent deposit of the selling price. The remaining will be
          108 words
        • Article
          Lock icon IPC Corp seeks meeting with creditors
          48 16 [SINGAPORE] IPC Corporation has applied to the High Court to convene meetings with its creditors. In a statement issued yesterday, the company said the court hearing was scheduled for June 7 while the meeting was proposed to be held on June 29.
          48 words
        • Article
          Lock icon NatSteel buys rest of China unit
          42 16 Reuters [SINGAPORE] Nat Steel Ltd said on Tuesday it had acquired the remaining 49 per cent equity in Wujin Nat Steel Co Ltd from its Chinese joint venture partner for 120 million yuan (5524.8 million). —Reuters
          Reuters  -  42 words
        • Article
          Lock icon L C Dev calls EGM on capital reduction
          91 16 [SINGAPORE] Listed property counter L C Development Ltd has scheduled an extraordinary general meeting on June 16 to discuss issues related to a proposed capital reduction exercise. The company said yesterday that the capital reduction exercise will see L C Development reduce
          91 words
        • Article
          Lock icon Nobel Design sells stake in Rynamo
          73 16 [SINGAPORE] Nobel Design Holdings yesterday entered into a sale and purchase agreement to dispose of its entire 70 per cent shareholding in Rynamo Building Services to a Raymond Tan. The shares were sold for $100,000, based on Rynamo's net tangible asset value as at
          73 words
        • Article
          Lock icon Elect Resources unit increases capital
          56 16 [SINGAPORE] Electronic Resources Limited'B wholly-owned XinJia has increased its authorised and paid-up capital from US$2OO,OOO to US$l million (SSI w million) in March. XinJia is used as a distribution focal point for the China market, farther complementing th* company 's strength in the distribution of
          56 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon BA blames intense competition for 61% profit dive
        284 17 Reuters [LONDON] British Airways pic announced a 61 per cent dive in year profits yesterday, blaming cut throat competition in economy and transfer markets which it plans to bale out of in order to focus on premium passengers. Pre-tax profits nosedived to
        Reuters  -  284 words
      • Article
        Lock icon Fujitsu, Toshiba in red amid poor chip prices
        289 17 Reuters [TOKYO] A slide in computer memory chip prices and a sluggish Japanese economy shattered the earnings of electronics giants Fujitsu Ltd and Toshiba Corp released yesterday but the companies said the worst may be over. Both firms incurred steep group net
        Reuters  -  289 words
      • GLOBAL Briefs
        • Article
          Lock icon Avis to buy Cendant unit for US$5.2b
          100 17 Bloomberg [NEW YORK] Cendant Corp chairman Henry Silverman agreed to sell the company's auto-leasing unit to Avis Rent A Car Inc for US$6.2 billion (S|9 billion) in cash, stock and assumed debt, two years after spinning off the No 2 US car rental
          Bloomberg  -  100 words
        • Article
          Lock icon Matsushita Comm joins Symbian tie-up
          76 17 AFP [TOKYO] Matsushita Communication Industrial Co Ltd said yesterday it had taken a 9 per cent stake in the international Symbian mobile telephone joint venture. Matsushita, a major mobile phone maker, is the first Asian firm to join Symbian which includes Sweden's Ericsson, Finland's Nokia,
          AFP  -  76 words
        • Article
          Lock icon Marketing boost for IBM resellers
          74 17 Reuten [WHITE PLAINS, NY] International Business Machines Corp said on Monday it consolidated its indirect sales efforts to make it easier for IBM's 45,000 external resellers to market IBM products and services that account for more than one-third of its US$B2 billion (Ssl4l billion) revenues.
          Reuten  -  74 words
      • Article
        Lock icon Investors, analysts begin to lose faith in Internet stocks
        526 17 Steep selloff of tech stocks depresses prices of erstwhile market darlings Reuters, NYT [NEW YORK] Stock prices staged a broad, steep selloff on Monday, led by big declines in Internet and technology issues. Internet stocks plunged amid growing signs that even
        Reuters,; NYT  -  526 words
      • Article, Illustration
        Lock icon NYSE to start evening trading in July
        540 17 Boom in Net trading spurs move to bring forward plan FT, Bloomberg (NEW YORK] Spurred by the boom in online investing by ordinary Americans, the New York Stock Exchange is to start evening trading in July, more than a year earlier than had
        FT,; Bloomberg; FILE PHOTO  -  540 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Refco pays US$8m for futures violations
        249 18 Bloomberg [WASHINGTON] Refco Inc, a global futures brokerage, will pay US$B million (5513.76 million) to settle allegations that its lax procedures let California money manager Jay Goldinger juggle customers' profits and losses. Refco, without admitting wrongdoing, agreed to pay US$7 million to the US
        Bloomberg  -  249 words
      • Article
        Lock icon Four banks gain from Olivetti's success
        337 18 Mediobanca, Chase, Lehman, DLJ to reap feesofUSs2oom Bloomberg [LONDON] Olivetti SpA's successful US$33 billion (5556.8 billion) bid for Telecom Italia SpA boosted the fortunes of four investment banks that one year' ago looked like also-rans. Mediobanca SpA, Lehman Brothers Inc, Chase Manhattan Corp and
        Bloomberg  -  337 words
      • Article, Illustration
        Lock icon High inventories weigh on Asian commodities
        457 18 Stockpiles could take years to wind down, depressing prices Reuters [SYDNEY] Asia's commodity markets are awash in unsold agricultural and minerals products, threatening the pace of economic recovery in the region, analysts said yesterday. Left unchecked, growing stockpiles of such staples as sugar, rubber,
        Reuters; FILE PHOTO  -  457 words
      • Article
        Lock icon Daiwa Bank swallows 250b yen pre-tax loss
        366 18 All of Japan's 17 big hanks now in the red after mass write-offs Bloomberg [TOKYO] Daiwa Bank said yesterday it lost a pre-tax 249.9 billion yen (553.5 billion) in the year to March 31, capping the first results in which bad loan write-offs
        Bloomberg  -  366 words
      • Article
        Lock icon National Mutual enters China
        118 18 AFP [SYDNEY] Australia's National Mutual Holdings entered China's insurance market yesterday, acquiring a 49 per cent stake in AXA-Min-metals Assurance Co Ltd. AXA-Minmetals, one of the newly-licensed life insurance companies in Shanghai, is a joint venture between French group AXA and China National Foreign Trade and
        AFP  -  118 words
      • SMALL Change
        • Article
          Lock icon Lloyd's Amlin unit posts £22.8m profit
          63 18 Reuters [LONDON] Lloyd's of London insurance group Amlin pic reported operating profit of £22.8 million (5163 million) for the seven months to December 1996 yesterday, in line with operating profit of £44.1 million for the previous 12 months. Amlin reported seven-month profits due to
          Reuters  -  63 words
        • Article
          Lock icon AMP to make second bid for GIO
          81 18 Bloomberg [SYDNEY] AMP Ltd, Australia's biggest ftind manager and life insurer, wUI likely make a second bid for GIO Australia Holdings before the end ofthis year to mop up the 43 per cent of the insurer it doesn't own, according to the former
          Bloomberg  -  81 words
        • Article
          Lock icon Nomurato start stockbroking in Taiwan
          44 18 AFP [TOKYO] Japan's Nomura Securities said yesterday that it has obtained a Ucense to start stockbrpklng operations in Taiwan. Nomura, Japan's biggest brokerage house, win target foreign investors interested in Taiwanese shares. The business win start next month. —AFP
          AFP  -  44 words
        • Article
          Lock icon Merrill sets up Internet unit
          53 18 Bloomberg [NEW YORK] MerrUl Lynch has set up a separate unit called Direct Markets to oversee aU its institutional Internet products and expand electronic services for corporate clients, according to an internal memo. Clients will use a password to access all the services through one
          Bloomberg  -  53 words
      • Article
        Lock icon Futures hit by Dow's fall, interest rate fears
        160 19  -  rfilinriai Reports MSCI Singapore Index Christopher A Podbury, Jar dine Fleming THE Simsci futures fell in trading yesterday, reacting to the sharp fall in the Dow Jones on Monday night, as weU as concerns over a possible rise in domestic interest rates
        160 words
      • Article
        Lock icon Futures take another knock
        206 19  -  MSCI Taiwan fatnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures continued its downhill trend yesterday, with the May and June contracts falling 6.5 and 6.9 points respectively. The Taiex shed a hefty 171.20 points, the worst decline in a month. A textile
        206 words
      • Article
        Lock icon Oil prices fall as Iraq renews oil export deal under UN programme
        320 19 ENERGY REPORT Reuters [LONDON] Oil prices slipped yesterday after Iraq said it would maintain for a further six months oil sales under a United Nations humanitarian programme. Oil prices already weakened by high global oil stocks fell after
        Reuters  -  320 words
      • Article
        Lock icon CURRENCY REPORT
        310 19 Reuters Jjouiiotk THE dollar weakened against the yen and euro in Europe on Tuesday amid worries about US asset prices and Latin American markets, analysts said. Buf weak euro-zone inflation and the ongoing conflict in Kosovo would limit dollar losses, they added. "The dollar looks fairly well supported,"
        Reuters  -  310 words
      • Article, Illustration
        Lock icon Untitled
        831 19 WTERBAMK CROSS RATES May 25 VL P* N»S Vh W M2$Hfct» Nw S$ Band Sir MTS §M Nmi US$ 0.959 6.178 0.619 4.060 1.211 5.101 28.120 52.562 0 807 7 819 2 500 L20U U >i uno i m Jim nawtnioi™ aMI gr «j s 1 1S st assist r„
        831 words
      • Article
        Lock icon Untitled
        1469 19 ncoMnrroMs May RUNEI (Mara* daata m it 130pm) RSS1 CONTRACTU dOM VotaM OBM Ww* Itm Satt mm) latafttf W6.50 K 107.25 7M *52 109.00 jft 112.00 27! S&gew M e MJO so not Jan/Mar 00 BUS RSS 3 CONTRACT (US cwtsAe) VotaM Opaa !!5Si Wj> Uar Satt (to—a<) hrtami Jw99
        1,469 words
    • Article, Illustration
      Lock icon HONGKONG
      1313 20 FP PmngSeag -BU6 HONGKONG share prices fell 0.7 per cent on late selling yesterday amid a lack of direction following overnight declines on Wall Street, dealers said. "The market is traded lower because of weakness on Wall Street," said Michael Ng, deputy managing director at Sassoon Securities. "The index
      FP  -  1,313 words
    • Article, Illustration
      Lock icon CHINA
      530 20 Reuters Shenzhen B Index +0.41 SHENZHEN'S B shares ended higher yesterday on domestic institutional buying sparked by hopes that Beijing was about to take steps to boost the B share trading. The B share index rose 0.41 point to 58.27, with turnover swelling to HK$69 million from HK$29 million
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  530 words
    • Article
      Lock icon TAIPEI
      339 20 AFP Q TP Index -17L2 TAIWAN share prices closed 2.3 per cent lower yesterday, dragged down by an overnight fall on Wall Street and renewed concerns over financial .troubles at local firms, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 171.2 points to 7,417.03 on a turnover
      AFP  -  339 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2034 20 tefcilrisli n-< 31 Group 6.92 -0.05 Attar NaU«Ml 12.93 -0.06 A B Food* 4.61 -022 A B Ports 2.81 -0.03 Alianca Lalcastar 9.11 -0.19 AHadDomocq 5.77 0.25 AIM Zurich 7.79 -0.07 Anglo Amorlcan Gold 43.70 unch ASOA Group 1.80 0.01 •a* of Scotland 8.74 -0.16 krMyi 18.80
      2,034 words
    • Article
      Lock icon TOKYO
      1621 20 AFP □Nikkei 225 -17M» SHARE prices in Tokyo closed 1.1 per cent lower yesterday, pressured by a sharp fall on Wall Street, brokers said. The key Nikkei index lost 176.26 points to end at 16,214.23. Volume was estimated at 445 million shares compared with 410.8 million shares the previous
      AFP  -  1,621 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares end firmer alter earlier sharp falls
        387 21 AFP, AFX-Asia |H| Composite Index +14.76 MALAYSIAN share prices closed 2 per cent higher yesterday after institutional support for selected stocks reversed earlier sharp falls, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 14.76 points to finish at 758.10, off an
        AFP,; AFX-Asia  -  387 words
      • Article
        Lock icon Untitled
        7654 21 MMWMALS Cmumt pfiticti mt LMt vai oay Hat cap H>» L— Cm—my HH '000 Hljfc L— P/t UM ISO 2SS AJinomoto 346 8 3 348 320 22.1 1411 115 46 Angkasa 96 4 207 96 84 141.6 293 220 Apollo Food Hlg 277 1 4 277 276 9.6 tt0.8 204
        7,654 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Pan United wrt: run-up due to speculation
        190 22  -  WARRANT WATCH -By Ven Sreenivasan THE Pan United Corp warrant was lifted by a wave of rotational buying focused primarily on marine sector stocks yesterday. It jumped as much as five cents or 21 per cent to a high of 29 cents before
        190 words
      • Article
        Lock icon CLOB INTERNATIONAL
        207 22 t Or Or 52-** LMt V« On Last Ouet* OK OK VM Na« M Cap H»» I— »liw CwiHm COOP) Htftl Law »UYW ST CV P/l >mi 345 TO 5123 CDU*****HK 325 280 8 17 23 II 6292.5 5124 Cathay Pac 20c HK_720 265 11 73 6 *****4
        207 words
      • Article
        Lock icon Untitled
        2184 22 BONPf, LOANS ft WARRANTS Sl-Wk Last Val Day Last Qvott A«9 High Law Stna Company Sato *ar- COOO) High Law Buyar Salt* Prtea 25 3 I 31*0 "Acar ******1 USS 23 *2 559 23.5 21 22.5 23 57.5 4.5 S 3164 Acma ******4 40.5 *18 ***** 57.5 29.5 48 49
        2,184 words
      • Article
        Lock icon WELLINGTON
        282 22 FP n Wellington 42.47 THE benchmark New Zealand share index slumped 2.9 per cent yesterday to its lowest close this year, pressured by confusion over Telecom New Zealand's acquisition plans and falls on Wall Street. The NZSE-40 Capital Index closed down 62.47 points at 2,094.50. AFP "n» W *h
        FP  -  282 words
      • Article, Illustration
        Lock icon BANGKOK
        847 22 AFP □set Mm -law THE Thai share market dived 4 per cent yesterday as investors took profits in late trade, dealers said. Share prices closed sharply lower on late selling in large-cap issues including Siam Cement, Siam City Cement, Siam Makro, Shinawatra and Advance Info, dealers said. The Stock
        AFP  -  847 words
      • Article
        Lock icon SEOUL
        371 22 AFP QCocipogta Index +3*09 SOUTH Korean share prices closed slightly higher yesterday on institutional bargainhunting after recent declines amid easier money-market rates and a steadier yen, dealers said, t The Composite Index rose to 700 points briefly in the morning and afternoon sessions, on support from lower money-market rates,
        AFP  -  371 words
      • Article
        Lock icon SYDNEY
        645 22 AFP QADOrtinariM -37.7 AUSTRALIAN share prices dropped 1.3 per cent yesterday, mirroring a fall on Wall Street, brokers said. The All Ordinaries Index closed 37.7 points lower at 2,911.50 points. The All Industrials Index closed down 2.1 points at 5,123.60 and the All Resources Index lost 31.8 points to
        AFP  -  645 words
      • Article, Illustration
        Lock icon JAKARTA
        661 22 AFP PCwnpoateMg +124 INDONESIAN shares rose one per cent yesterday but were off their highs on late profit-taking, dealers said. The dealers said trading, which was largely dominated by local investors, was mainly focused on speculative stocks including property and bank issues. A dealer at a local brokerage said
        AFP  -  661 words
      • Article
        Lock icon MANILA
        319 22 AFP Q Manila -38J PHILIPPINE share prices fell 1.5 per cent yesterday after a sharp fall in the New York stock market overnight. The Philippine Stock Exchange Composite Index closed 35.1 points lower at 2,370.37. Volume reached 1.43 billion shares worth 3.92 billion pesos compared to 2.56 billion shares
        AFP  -  319 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7040 23 TrrniK-irfinn itafp Mnv 25 I Or Or M Wt 52-W* Last Vol Day Last Ouot* Dtv Olv Ytd N.t Cap Avg HUH Law »<Ha Ctm+my lata COOP) Wgfc Lw Bwyar Whf Cw W wi Prtca MUHNMKTRV 147 17.5 m b 1000 Acma 50c 136
      7,040 words
    • Article
      Lock icon SESDAQ
      1360 23 Or Or M W» S2-Wk Loot V«l Day LastOmto Ok Ok VN IM Cap A»g Htg» Low StMo Cgggj Ml rOOO) H>gn Low Prof Oo8oc CV P/t $«MI Prlco 142 30 C 2049 AS Auto Kk H7 -1 1244 120 n« TW ITT IS N T 1J II 1316
      1,360 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        392 24 Starts Vttmm Frt Links 20c 78,530,000 Brilliant 8c 36,505,000 Pan United WtOt 33,094,000 NOL 27,336,000 Hai SunHup W02 26,108,000 TeledatalOc 24,074,000 Panpac Media 5c 24,022,000 ST Capital 25c 22,291,000 CSC Hldgs 10c 20,773,000 SanwderalOc 20,306,000 Stocto S NOl 40,923,206 City Dev 50c 39,513,950 OUB Foreign 37,541,721 Panpac Media 5c 34,406,350
        392 words
      • Article, Illustration
        Lock icon Punting lifts volume but STI loses grip on key 1,900 level
        600 24  -  STOCK MARKET COMMENTARY Index falls for the second straight day as speculative frenzy feeds on rumours of takeovers and mergers By Ven Sreenivasan TALK of mergers and acquisitions continued to fan furious punting on second liners even as the
        600 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Grater fool theory
          65 24 YOU know it's time to sell when you hear rumours such as this: Port of Singapore Authority to merge with Neptune Orient Lines. What next? Telecommunication Authority of Singapore to merge with Singapore Telecom? Monetary Authority of Singapore to merge with DBS Bank? It seems the old
          65 words
        • Article
          Lock icon Anticlimax
          66 24 YOU'VE heard of Sino Land's much-touted 1350 million transformation of the former General Post Office into The Grand Fullerton Hotel, which will be the latest most stunning landmark in the Central Business District. The press is being invited today for a first-ever update on the work, which is halfway
          66 words
        • Article
          Lock icon Ahmad Pardas to be Renong's MD?
          105 24 WORD in town has it that little-known Ahmad Pardas Sen in, currently managing director of Time Engineering's telecommunications unit, TimeTelekom, will assume the managing director post in parent Renong Bhd. Renong owns a 46.7 per cent stake in Time Engineering. The Renong managing director
          105 words
        • Article
          Lock icon Sad face of bank reforms?
          58 24 MOTORISTS who use the UOB Plaza carpark at Bonham Street were somewhat surprised recently to find that the nice, old man who sat in a booth and collected carpark fees had been replaced with a machine in the lift lobby. Some wonder, sadly, if this
          58 words
        • Article
          Lock icon If you have it, flaunt it
          103 24 A MINISTRY erf Environment official recently visited Gaetano Restaurant, an Italian restaurant in Club Street frequented by the trendy set, and asked to see its business licence and cleanliness and food hygiene grade certificates. Unaware that these documents have to be openly displayed on
          103 words
      • Article, Illustration
        Lock icon HOT STOCK
        60 24  -  By Wong Wei Kong FREIGHT Links shares rose half a cent to $0,325 yesterday with 78.5 million shares traded, compared with its 10-day traded average of 34.3 million shares. The technical indicators such as the RSI and Stochastics show that the stock is encountering some resistance. Sharp gains
        60 words
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      156 15 ;i: v:_.' %M y BfH||M New centre opens to support Singapore students July 1999 will be the 16th successful intake in Singapore of this internationally recognised Manchester Business School University of Wales, Bangor joint MBA. To celebrate the international success of their prestigious programme, the Universities are pleased to announce
      156 words
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      388 16 >" (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Stockholders of the Company will be held at the Merchant Court Hotel, Elmwood Room, 20 Merchant Road, Singapore *****1 on Thursday, 10 June 1999 at 10.30 a.m.
      388 words
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      13 17 BA to go for £200 m business class revamp, Shipping Times, Pg 16
      13 words
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      Lock icon Page 17 Advertisements Column 2
      129 17 V JH '^^inMffIHBIIMBMMBBBBBMBBgBBBBBBBBBB^BBBBBI YOU ONLY BECOME THE WORLD'S MOST ADMIRED PACKAGE DELIVERY COMPANY BY PERFORMING ABOVE Mk MM DEVAIII% n a F° rtune magazine survey of customers comprising W0 m II W0 senior executives, outside directors and financial analysts, UPS was named the world leader in its field. It's an
      129 words
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      102 18 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager I OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail:
      102 words
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      Lock icon Page 18 Advertisements Column 2
      14 18 ■ODAY©fc>Mtt. ianheZaobao §]I7ljS 70*£5in]l Ai£» Sunday Classified '|j VieaiVfott tsr' at Clarke Quay fs*
      14 words
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      55 18 TheßusinessTimes SINGAPORE 09 Q 3 3 d TI 3 Q 3 ft a BT 56-page special supplement MAY 27 BT is sold at: SPH Stop Press Kiosks BP Calte'x Esso Mobil Shell SPC Carretour Cold Storage 7 Eleven NTUC Fair Price NTUC Food Fare Shop N Save Tops Borders Selected
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      63 23 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE cITI NEVER LrF f s i .tut lit .1 I I sliiii I ii W.i 'iiS <litli .i i > I R<> .ill I liii" ii I .I*l s
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      1498 24 Short of cash to invest 7 Triple your cash with our Margin Financing! Call DBS Investor Online at 438-1188 today. 831 )USBANK NOTICES In the matter of the Companies Act, (Cap. 50) And In the matter of HIGH-Z ELECTRONICS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MFFTINP. NOTICE
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      386 24 SOUTHERN (SINGAPORE) PRIVATE LIMITED (Incorporated In tho Rtpablic of Singapore) (Members' Voluntary Winding-up) NOTICE is hereby given that pursuant to Section 308(1) of the Companies Act, Cap. 50, Final Meeting of Shareholders will be held at 38-B Hong Kong Street Singapore *****7 on 21 st June 1999 at 11 00am
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      306 24 IN THE MATTO OF THE COMPANIES ACT, CHAPTER J» CHIALI INTERNATIONAL PTC LTD (hMllOl■l'tillnllij ll| H Jn| NOTICE Of RESOLUTIONS NOTICE IS HEREBY GIVEN th« at aa Eiradaan Geaeral Moeaac of Mcaben of CHIALI INTERNATIONAL PTE LTD My conveaed sad held «4I SB iaiaa Boar. Sappoac *****6 oa 20th May
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      295 25 Bridge News, Reuters TRADING was generally quiet with a European holiday, but details surfaced of Panamax grain fixed to the east at lower rates for July shipment. TANKER& It was a quiet start to the week for tankers with trading hampered by holidays in Europe. The Persian Gulf
      Bridge News,; Reuters  -  295 words
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      Lock icon MARITIME STOCKS
      264 25 U CWT Distribution 1.64 -aiO ***** ChuanHup LM -0.01 3926 CMCO Investment 1.18 0.13 4930 rrrtohtumu 0J3 aoi ***** G6 HoMngs 0.77 0.12 1244 Hel Sun Hup 0.81 0.02 9761 IMC Hokings-HK 5.60 unch 0 JeyaHoidinqs 0.95 0.04 7692 Shipyard 8.20 -0.05 347 Carp 4.84 -0.04 2364 Keppei
      264 words
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      Lock icon Sun Cruises, KL officials discussing salvage of ship
      524 25  -  Wreck poses no danger to shipping, say salvage experts By\ Marcus Hand [SINGAPORE] Sun Cruises was contacted by the Malaysian authorities yesterday over salvaging the wreck of the luxury liner Sun Vista that sank off Penang on Friday. Sun Cruises director of
      524 words
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      Lock icon Bombay to modernise port
      81 25 AFP [NEW DELHI] India's state-run Bombay Port Trust plans to invest 30 billion rupees (551.14 billion) to modernise facilities, a report said. Arun Mago, chairman of the trust, was quoted by Business Standard daily as saying a part of the money would go towards building three
      AFP  -  81 words
    • Article
      Lock icon Registers, whether open or national, must maintain high standards
      641 25  -  STRAIT TALK By Seafarer MANY shipowners worldwide are likely to be much happier now that the unseeming dispute over who administers the Liberian register has been settled. The whole open registry system is now under renewed pressure, and rightly so in
      641 words
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      Lock icon BG charter deal a boost for Osprey
      613 25  -  Long-term LNG time charter will help it to refinance USs37om debt By\ Felix Chan [SINGAPORE] Listed tanker operator Osprey Maritime's fortunes could be turning the corner with the recent inking of a strategic alliance with British Gas (BG) International for the transportation of
      FILE PHOTO  -  613 words
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      Lock icon E-W link gains importance
      1077 26 PANAMA CAM Ali It remains a key traffic hub, with its most important route the one which links the US east and Gulf coasts with Asia International Transport Journal ALMOST 90 years after its opening, the 80-km Panama Canal has become one of the most economical
      International Transport Journal; FILE PHOTO  -  1,077 words
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      Lock icon SHIPPING SCHEDULES INDEX
      302 26 PACE FoongSun 8 Frota 12 ANL 3 Frtlinks M Accord 8 6 U" 4 AArenkiel M Gemartrans 6 AASCO 12 Genshpg 13 AppenslWp 7 CioryMav 14 Asia OCL S 12 Austral 8 A,art M I *<«*>*« B jjr* < USA 7 "0«gr 13 BT u HubLine M
      302 words
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      Lock icon SHIPPING GUIDE
      21844 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oestn Name Name Number Number SIN Dest'n Name Name Number Number 03/04 09/0* Multiline KOTA PETANI PTN0J1 65-*****33 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/06 n/ot Oram ship oram bridge ton m-hnom 03/06
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        617 39 Vassal Voy No Bfth Arrival Papartura ItariM VhwM Seven Ocean 5/99 K23 alongside 28.05/1730 PmIt PH|M| Vhwii Asm Baru A***** PW1A alongside 25.05/1200 Batamindo 1 1369SA PW8 alongside 25.05/2000 Batamindo 3 3749S PW8 alongside 25.05/2000 Budi Jasa 9 114A99 PW1A alongside 25.05/1300 Citrt Abadi *****9 PWU alongside 25.05/2300
        617 words
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        Lock icon CONTAINER SCHEDULES
        1844 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy *o Etb/Btr Period From To From Ac. Contr AE902S 27/0900 W 25/1500 25/1659 IS 25/1500 25/I6W 25/WOO 2A 25/1700 MOM 'WOJOO 21 25/1700 26/0»59 24/0900 J 24/0700 24/1159 26/M00 4 24/1200 24/1459 24/1700 Apl indoors. 042*
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        Lock icon GLOBAL HOLIDAYS
        178 39 May 29 Indonesia: Waisak Day. May 31 Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment. Jan 3 Austria: Corpus Christi. Jan 5 Denmark: Constitution Day. Jon 14 Australia: Queen's Birthday. Jan 18 Hong Kong: Tuen Ng Day. Jon 25 Finland: Midsummer Eve Holiday. Jon 26
        178 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        810 39 THIS report, compiled by Cockett Ma rine 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
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        Lock icon VERITAS BUNKER QUALITY REPORT
        413 39 Carbon >80 Mai 990 3 0.9 16.7 0.06 75 0.06 y.y >n Dtnsitv iitir Rtsidut Ash Akimlniuffi S#dlwtnt No ibovc E2S 0 zilll 2221!—222— :—-—-—22J2- Avf 9873 0.4 u.5 0.06 35 0.02 J12 360 Mti 992.5 1.0 t9.4 0.09 90 0.04 WW! in M/M M/M woo*
        413 words
    • AIR LAND TRANSPORT NEWS
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        Lock icon BA to go for £200m business class revamp
        510 40 Move part of BA's new strategy to concentrate on winning more premium traffic Reuters, Bloomberg [LONDON] British Airways said yesterday that it plans to spend £200 million (Sssso million) on a revamp of its longhaul business class, including the introduction of seats
        Reuters,; Bloomberg; FILE PHOTO  -  510 words
      • Article
        Lock icon SilkAir to begin flights to India
        258 40  -  Direct services to Triv&ndrnm to start on Jane 2 By: Felix Chan [SINGAPORE] Singapore Airlines' (SIA) regional unit Silk Air said it would start flights to India with direct services to Trivandrum in the south-western state of Kerala. The twice-weekly flights, which start on
        258 words
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        Lock icon BA, JAL to link mileage programme
        242 40 Bloomberg [TOKYO] Japan Airlines Co, Asia's No 1 carrier, said it will link its frequent flyer programme with that of British Airways pic, Europe's largest airline, on June 1. The mileage agreement will enable travellers to earn and use mileage credits by flying on
        Bloomberg  -  242 words
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        Lock icon Cathay attempts to break impasse with crew over pay
        465 40 Bloomberg [HONGKONG] Cathay Pacific Airways said yesterday that about 650 senior crew members, or half of its crew, have been offered an improved pay package, adding that staff who refuse the offer will have to resign. Cathay Pacific called a briefing
        Bloomberg  -  465 words
      • Article
        Lock icon HK airport authority to review charges in July
        301 40 It rejects claims that high charges are driving away airlines from HK AFX-Asia [HONGKONG] The Hongkong Airport Authority has said it will review the charges it levies on airlines. In a paper presented to the Legislative Council, the authority said it will
        AFX-Asia  -  301 words
      • Article
        Lock icon MAS plane was low on fuel over Heathrow: KL minister
        326 40 Reuters [KUALA LUMPUR] Malaysia's Transport Minister acknowledged that a Malaysian Airline System Bhd (MAS) aircraft had about 3.6 tonnes of fuel when landing at London's Heathrow airport a few weeks ago but said the safety of the craft was never
        Reuters  -  326 words
      • Article, Illustration
        Lock icon US issues follow-up orders on Boeing 727 checks
        331 40 Reuters [WASHINGTON] The Federal Aviation Administration followed up a recent inspection order covering Boeing 727s with detailed directions for correcting any damage found to wires running through fuel tanks. The latest order on Monday calls for airlines to replace any damaged wires
        Reuters; REUTERS  -  331 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1785 40 CTY RJ6HT ETA FUWT ETC S***** 2359 AdtiaMe AN6230 1900 FOwto SOW 1645 S0990 0W5 LM6381 WOO 6»—m»WC CZ351 2045 C23S2 0635 ***** Hanoi VK741 1310 VN742 0905 Amttrdam K1643 0435 KL838 2300 S0175 1630 S0T76 1405 S023 0705 VW740 1410 HttYH ****** mO MI892 0735
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      25 25 Panama Canal: E-W link gains importance Canal's most important route is the one which links the US east and Gulf coasts with Asia. Page 2
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      251 25 B A to go for £200 m business class revamp Move part of BA's new strategy to concentrate on winning more premium traffic. Back Page 1 Set \our Course For A Bigger I Market Share I I Ship Finance Insurance I Special Feature Shipping Times Thursday, 17 June 1999 9|
      251 words
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      1211 26 I NORTH AMERICA 1 1 EXPORT 1 1 OTHER DESTINATIONS I Sax SUPER 3HUTTUE EXPRESS DIRECT TO LA I WEST COAST Of CEHTRAL AMERICA (MAROARfTA SERVICE) wr hasp nosw imtwoi bauas Houston oocaco wwtom waxo an vissa wi "mT njwrm acuotu SAmotego cotwro nuttat mbmvbumu mum*own 00CLCMMA *****2 24/ M
      1,211 words
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      784 26 Lines services represented u Members of the Registry of jf.i Singapore Freight Rxwarders Accredited Shipping Agents Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES SINGAPORE to BATAM, BUTTAN, KARIMUN x SINGAPORE to BANGKA ISLAND A I 1 x SINGAPORE to CILEGON i^cl to Singapore"" MANIIA/SUBK BAY/lUZON TO
      784 words
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      1163 27 TO EUROPE FROM EUROPE VOT SIN mi AMR MAM HV SOU FIT LBI VESSEE VOT RTM ANR HAM MV SOU FXT tEH Ml HY COMMODORE 319W 27/05 19/06 16/06 17/0* 14/06 THAMES SS4f 08/05 OS/OS 06/05 03/05 27/05 API PURL 009W 27/05 13/06 15/06 11/06 12/06 HOI AGATE 0121 06/05
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      2011 27 ©HANJIN SHIPPING likPl 6lfeWy«lo« -Mr *****30 HANJIN SHIPPING (S) PTI ITO BOOKING *****3S 737 SAIfS *****74 23> DOCUMENT *****/1 774 OPERATIONS *****50 ?S1 MAIN UNC *****55 FU 777VW nap MSMfTOOOOM TO NW USA CANADA I USA CANADA* FOOVU/VOY MM SM UNI HAIR/VOT HW MN T~PM T~oi KP PTT DTT MEM
      2,011 words
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      495 27 «ssa W_ SHI TO W SHI 16 d USA WS |«SSa I VOT SIM 1 PK6 lffSS£L 1 TOT I SIR IJT I UIT(IBLUR6 007S 10/05 11/05 007R 10/05 73/05 7S/D5 77/05 71/05 HTUMOAISWWITB 074S 71/05 71/05 30/DS 01/00 07/00 MOWUIU I aO/OS I ULSAW OPTS I(H &fel 06/04 mi(
      495 words
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      1790 28 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEANCANADA VESSEL VOY mr" LEH HTM WH HAW IHI FIX ttSSiL VOT SW BI fB KC 81l PUSAN SENATOR WNO24 24 OS 11.00 1100 12 .00 14 00 14 01 1100 IBNZAJOOUN WHN24 27 06 13 01 IS 00 17 00 10 00 27 00
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      1052 28 m. AM MAC-NELS S'PfIRE M'SIA FT7T7TI Carrier MM CONTR LINES, INC p. gudang.- (ot) *****26 1-IV/ J cmm* UUOS7WOPM SBU: (084)*****9 MAMLA: (832) *****24 PENANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31)*****0 P. KELAWQ: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHIWG (082) *****1-3 BOMBAY MADRAS MV "XPRESS PADMA"
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      485 28 JESSELTON LINE S9 r JS TUiII«34MMXiISUIIS MUARA j LABUAN VBSa VOY ETD ETA VtSStl VOT ETD ETA srow muaaa sroti m (ARAKA JN332 VI2I/99 2S/05 31/05 CAIAKA JN332 VI2I/99 21/0S 01/0* j nova via/w oi/ot 04/ m jnosrai vm/w oi/ot os/m OUUAA JN332 VI3I/99 07/04 10/06 CAftAMJOtt VI3I/99 07/06 11/06
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      1514 29 IVESBEL VOY KHH HKO SIN PKG PQB DXB PMM BA BIK IRAN TABATABAEI PCL-5103 12/05 14/05 18/05 19/05 28/05 20/05 30/05 01/06 ~o3flj IRAN LORESTAN PCL-5102 19/05 21/05 25/05 25/05 04/05 05/06 06/06 08/06 10/0 IRAN TEYFOURI PCL-5104 26/05 28/05 01/06 02/06 11/06 12/06 13/06 15/06 17/0 IRAN BAAKERI PCL-5105
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      1548 29 Wwkly Sailing to /Uh RmMM, DfiboiH (Via Dubai) I it* TEL 226 1900 FAXT*****0« OUTWARD (l/l) 4205M2 KXKKE OfFKISSSU fisl L Si rsi MftaniAtfff 5S S BA EVHGMQ/OOOIW 20/05 77/05 KTC NR Ofi ASH HFA SGP tt/ns ni/Ti »WHI*I*W l**S JO/05 73/05 71/05 *UMIHI*OS9f 73*4 75/04 2**4 14*5 15/05 a/05
      1,548 words
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      604 29 pk CHINA SHIPPING (GROUP) COMPANY 1 Wkmm CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE~I WESTBOUND (FIXED WEEKLY SERVICES) 1 VSI VOY I TJN I CMN SHA HKO NTM HAM FXT TRADE APOLLO 9901 16 May 18 May 21 May 24 May 27 May 17Jun
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      1333 30 EUMKMIACMIDMmUmiim/RUm SGP ROM ANW HBG THP ZEE LHV I LHV THP ROM ANW HB6 PKL SGP E GAINING RW-069 27*6 18*6 20/06 22/06 E REACH RE-823 86*5 66*5 67*6 MM 11/16 36*5 31*5 E. GLOWING RW-651 02/06 2«N M 6 JIM 2M6 2tM 3U6 E. ROYAL RE-642 13*5 IMB 1406
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      1312 30 C jggggPfl PACIFIC INTERNATIONAL UNES (PTE) LTD A I KS&SSM 140 Ceci Street, #03-00 PIL Building, Singapore *****0. I CK N(>looeo67nnpof I I|»B» w m aI Hi stp M m U wmimmi 71s a/s w/s »/> 17/4 m a ga I WdAhuTY Ml W/i IT7T- 7/i 1171 HZi Hfl SZi
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      494 31 BSA mm MYANMA wBBk FIVE STAR LINE uT (Myanmor National Line) Loading for Yangon (Rangoon) VfSSa VOT SIN PKI PEN PGU •AGO VI WW SID MAWIAMYINf 84 W 09/06 MALAYSIA AGENTS: 80USTEAD SHIPPING AGENCIES KUL Ta (03) *****00 PKI: HI (03)*****01 POfc Til (04) *****0? PGU: HI (07)*****21/4 BANK LINE
      494 words
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      1327 31 HMNEHYUNDAI MERCHANT MARINE CO., LTD. ivesa voy |si I sou I lalgml akt ham wv re jvcsa vonrl sou I ib« |wm awt Itvlml sw HY COMMOOORE 319W 27/05 14/06 19/06 16/06 17/06 MOS& 5261 07/05 08/05 02/05 04/05 2*7 oS APIPIARI 009W 27/05 12/06 13/06 15/06 18/06 THAMES 5541
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      1105 31 flk V specialized oukxarnen IIL-*. ®S®sk TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" I VESSEL I VOY I RAMP HEIGHT SIN LAX CRI DMA SAV lAI I Oif 1 NYC I NEW I MOO TAMPA F9ll 400 To« 6.3 M 29/05 25/0* 04/07 07/07 09/07 11/07 12/07 14/07 WW
      1,105 words
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      1999 32 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE v* Ivorl to 'sw'T w I 11 stp Iwa m mm Msranawßg ms p/ts»/os mm '</» MIIWOT B/WK/W 13/06 11/06 14/06 P/0* maun in io/oqu/oi p/m a/o* a/i* oi/y n/w usual lwsli7/o*n/o*l?;/»l |a»/»7|os/>y|o»/oy|ii/oy| FEEDER SERVICE TO INDONESIA m vot sroti uurnt
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      62 33 NEW SERVICE TO: ■■■■11m CWT GLOBELINK introduces PaSUmAMH weekly direct groupage IuISIIMIJ TO SOUTH AMERICAN Refer To 6 PORTS g) Richfield Marine p G 13 (MON/WED/FRI) EB Agencies (S) Pte Ltd NEW guinea~"^^nS^BHvß PACIFIC LINE Our Schedules Are NEW SERVICE On PG 5 FROM ASIA TO K-x-a PACIFIC SWIRE SHIPPING
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      49 35 Dial 740-6000 on aemana —(Retrieve more schedules!) Press "1" c<r JC\ Select the port and key in the four digit code —eg: To New York (NYQ 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times ?3kj I
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      166 36 2 MitreiOtttK UmeMAd FO< EUROPITs^RVKE KE FROM: U.K./ COHTINEIIT/ MIDDLE EAST TO: FAB EAST TAW SUN KKU TMA VtSSft/VOY SIN LAEM (HAIANG MANILA HONGKONG KQUJNG NUN STAR V33A 21/0* 24/06 26/06 imwsm/nusi«iG/AMTM*F fKSARO 01 06 54 04 08/w WUTSU- MSM(M) SON W® TAWAU- CMKOtN FREIGHT SVCS PORT KBANG AGO!: SUNSHP
      166 words
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      195 36 lii iim; "^^^^T7TTTTTTTWTITTTWTTrT7TTT7^7TW¥T^^— shipping i mi .11 j t j fii jßOillddliinif i LIBYA TOBRUQ BKNGHAZI MISURATA TRIPOLI tuuJ IvKsnmwl votwo |alro du roami Imn roi Iwil k I m imiWil 5)03 SPfOUSTN 11/04 I VPS W/ttS H MAUN 01/0* 11/P4 IZ/Ot 13/0* 14/0* totem SIO? HIT AMIIAM ?S/0i WM
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      162 36 ESP LINES wuala vara sima —imsw-awT fmiiast HMOH OMTTACONG. MAMAS lANGKOA, HONS lONS HAMOVC, OTTBtMa OOMAY, am—o iAAA* TA, MAJNU AJmWBf, FHJ IS TOW? CAICWTTA HO CM—K.HMHW6 IEGUtAR COWTAINHftB) INDONESIAN SfltVKI I VPSa/YOTAg STOM Ml UT6 SK kauuk/m oTAis ins i;/»5 BBttl I /P*****4 jjjg !2/>5 14/15 SCAUUN/On 14/05 14/05
      162 words
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      1106 37 SAM UP ERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR >0.**********0 D TEL. *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME: 535 6266 Cetia/Jessica/Mei Chan/Jeslynn/Dora/lvy/Hanim 8 SLGS/WEEK EVERY 4 DAYS VFSSEL VOY SIN JAK VESSEL VOY
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      1023 37 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I MG I SM I MT I SM I MW I PPG I CMO 00« I NAI NTI I 0« I SAY I NEW I TAM I HOU I HOicw mm /Q7SQ os 20/0$ ot/os 01/05 io/os 03/0* n/ot u/ot 11/0/ u/o;
      1,023 words
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      99 37 SHIPPING WAREHOUSING aai|B Batam: Singapore Uuding Daily M<m to Sat (BATAMINIX) nil) Accepting K1 Ijft Cargo Reefer Contamer Bhrtan: Singapore I j tailing Mm Wed &Hn <BATAMINDOII) Accepting K1 X'unvenbofial/Piupxt Heavy loft Cargo Tel: 227 0322 Fu: 222 9330 Botpmiwdo Shipping A Warehovii»g Pit Ltd 7A H«pfl !->«■« rmgrn CmmfUu
      99 words
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      683 37 rrr# Singapore Soviet Shipping CPT k\\V aNe lOOUMOOOOH Multiline Skipping PI J J (WWy Owed Subudwy) M« **********0 C VESSEL VOY SIN BOM PNG PKL KEDAH 130N 02/06 09/06 TBA 20/06 KOTA RUKUN RKNO39 08/06 15/06 TBA 26AM KOTA RATU RTUO47 14/06 21/06 TBA 02/07 [VESSEL VOY SIN CALCUTTA SIN~|
      683 words
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      607 38 Wf^MgmmW^M I~ VESSEL VOY SIN MA^^SlJ^I TIGER ISLAND 711N 26-26/05 31 04,06 08 09/06 I TIGER PEARL 712N 28 29/05 02 0606 1112*06 I TIGER SEA 713N 02 02/06 07 11/06 1506/06 I TIGER BAY 7UN 18 19/06 I TIGER ISLAND 715N 08 09/06 14-17/06 22 23m I TIGER PEARL
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      982 38 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113
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      1263 38 OOCI (Sinoopore) Pte Lid CFS Keppel 65CMa$1OCBCClr#42-*****9513 Nk 513 #01-128 \1 ONO **********0H W: 272 7«27 For bookmg I Fm: 272 7,25 JUL M Onent Overseas Container Une (Malaysia) Sdn Bhd (Rag Nk *****?-u) (a n PCUUN6 JAYA T«fc 03-756 7776 Fm: 03-754 6657 (Rf PENANG T«fc 04-*****45/1 Fax:o4-*****43 4
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  • Page 39 Miscellaneous
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      127 39 LEGEND: R Thunderstorm Temperature c X\ V Shower Weother Wind direction with speed in knots ee Rom Cloudy Sky Wov h *'9 h Surface winds ore indicated by arrows which ffy with the wind Q circle represents calm or light and variable winds One holf Heche represents 5 knots 1
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      228 40 ASIA WESTBOUND RATE AGREEMENT NOTICE OF RATE RESTORATION 1 JULY 1999 ASIA TO GULF OF ADEN AND RED SEA PORTS TRADE The Member Lines of the Asia Westbound Rate Agreement (AWRA) have agreed to implement a Rate Restoration of USD 200/400/10 per *****7LCL and Break-bulk to be applied across the
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