The Business Times, 27 May 1999

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Microfilm: NL21497
Total Pages: 92
1 92 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MIT A (P) (I4U u 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, MAY 27,1999
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  • Article
    Lock icon MARKET SUMMARY
    65 1 sn 1893.73 (-2.48) PIBT-SRI U ***** (+1.39) SOBSCIFDTOBES 28&90 (+2.50) QMABXETHOODc Mixed STOCK MARKET INDICES Wednesday Change KLSE COMP ***** -438 NIKKEI IM30.52 +1629 HANG SENG 12.4W.16 +6236 SET INDEX -468.21 +7.16 JAKARTA COMP 606.79 -14.09 MANILA COMP „_i390.35 +19.98 TAIPEI WP! 7,426.63 +9.60 SEOUL COMP 720.05 +21.36
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  • Article
    Lock icon FINANCE
    84 1 FOBEX BATES us$ ss US$ 1.729 £(US$/S$ per 1.604 2.775 rajRO(US$/S$ per E) 1.069 1.832 DM 1.846 0.936 YEN 122.1 1.416* RM 1800 0.468 HK$ 7.766 0123 BAHT 3721 0046 RUPIAH 8,090 0.021 'St to 100 unttt PUME SATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.76 MANILA
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  • Article
    Lock icon DBS told: no retrenchment in POSB merger
    658 1  -  Bank turned focus to revenue raising rather than cost cutting, says Olds By l Catherine Ong, Clarissa Tan [SINGAPORE] DBS Bank cannot retrench staff under its $1.6 billion deal with the government to acquire POSBank, the bank's top manager revealed in an interview.
    658 words
  • Article, Illustration
    Lock icon Analysts scratching their heads over Tibs-SMRT merger
    1144 1  -  Meanwhile, Tibs' share price has been climbing By' Ven Sreenivasan [SINGAPORE] A hot topic among stock analysts this week has been this: What's the deal with the "merger" of Tibs Holdings and Singapore MRT? Amid what one analyst described as "the deafening silence"
    Source: Bloomberg,BT  -  1,144 words
  • Article
    Lock icon M'sia poised to sell US$1b of 10-yr, US$500m of 5-yr bonds
    403 1 Rise in emerging market debt brightens prospects Bloomberg, Reuters [NEW YORK] Malaysia plans to sell US$l billion (Ssl.7 billion) of 10-year notes and possibly US$5OO million of fiveyear notes as an increase in emerging market bond debt gives the
    Bloomberg,; Reuters  -  403 words
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      134 1 nisniE Clok What next? The M'sian govt is expected to ignore Singapore's latest gesture to resolve the protracted Clob issue bilaterally, Pg 13 New JSL chairman Jurong SembCorp Industries president and CEO Wong Kok Siew is to succeed outgoing NOL chief Lua Cheng Eng as chairman of Jurong Shipyard (JSL),
      134 words
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      79 1 BANKING FINANCE ■3m A 56-page bumper supplement iL'k can assure y OU/ er 35 years of banking experience > I don't really care what people call me.9 DBS CEO John Olds, in an exclusive interview with BT, Pgs 2 6 How wi Singapore's financial pie be carved up &0 r
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      109 1 B V LG A R I CONTEMPORARY ITALIAN JEWELLERS f I c A i V" 1 c /X V< G j v/ <r_.; x\ f* i f* 1 c A R v 1 £3 Vf-C; A iV F* 1 t3 L_ CJ> /X VA V I c /A />' B
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      5 1 DBS' top priority, Pg 13
      5 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon NTUC Fairprice takes on new role – as a master tenant
      509 2  - NTUC Fairprice takes on new role as a master tenant Leasing of entire Hougang Point shopping complex from Far East Reports by] Rahita Elias SUPERMARKET chain NTUC Fairprice has taken on a new role that of a master tenant. It is leasing from Far East Organization the entire Hougang Point
      SIEW YAW HOONG  -  509 words
    • Article
      Lock icon Hougang service apartments ready next year
      287 2 FAR East Organization's service apartments at Hougang Point, to be called Regent Lodge, will open in the first quarter of next year. Executive director and chief executive officer Philip Ng said yesterday that he expects all 78 apartments to be leased out by the
      287 words
    • Article, Illustration
      Lock icon 1999 GDP growth seen at 2.1%
      251 2  -  EYE ON THE ECONOMY Outlook By. Eugene Low SINGAPORE'S economic prospects are getting rosier, according to economists surveyed by London-based Consensus Economics. The 14 forecasters polled by the consultancy earlier this month predict Singa- pore's gross domestic product to grow an average 2.1 per
      Source: Caonsensus Economics  -  251 words
    • Article
      Lock icon Visitor arrivals up 6.6% in April
      313 2  -  That's 4th straight monthly rise, but hotel rates foil 15% By l Carol Eng VISITOR arrivals rose for the fourth straight month in April with a 6.6 per cent increase year-on-year. Tourism receipts from January to March also grew 4.1 per cent to $2.2
      313 words
    • Article
      Lock icon Exports to China dip in Jan-April
      468 2  -  2% slip due to drop in oil exports, hart by China ban By\ Eugene Low SINGAPORE'S domestic exports to China slipped 2 per cent year-on-year in the first four months of 1999 despite a 6.8 per cent rise in non-oil domestic exports, latest figures
      468 words
    • Article
      Lock icon PM begins visit to US, Argentina
      141 2 PRIME Minister Goh Chok Tong arrived in Caiifornia yesterday for a working visit He will also go to Florida before travelling to Argentina for an official visit. In California, he will meet its governor, Gray Davis, and members of the state legislature. He will
      141 words
    • Article
      Lock icon Banking shares mill see Big Bang
      423 2  -  MAXLBAG Tan Yean Pau Singapore THE banking liberalisation measures are not a Big Bang, Deputy Prime Minister BG Lee Hsien Loong has said. Commentators and analysts have also repeated this view. I agree that the impact on Singapore's real economy, financial system and bank
      423 words
    • Article
      Lock icon Unlicensed diesel sellers foil oil firms' plans for more stations
      365 3  -  Recent tender in Bnkit Panjang for petrol station site draws just one bid By Eugene Low THE proliferation of unlicensed diesel sellers is foiling oil companies' plans to open more service stations here, with a recent tender for a petrol
      365 words
    • Article
      Lock icon Top changes at Deutsche Bank
      308 3  -  Byi Catherine Ong JOHN Ross, Deutsche Bank's Singapore-based chief executive for the Asia-Pacific region, will be moving to New York to head the bank's merged operations with Bankers Trust. The bank said yesterday that Mr Ross would become president and chief executive officer of the
      308 words
    • Article, Illustration
      Lock icon New Katong apartment project going for $750 psf
      411 3  -  By< Corinne Kerk PARADISE Palms, a 58-unit apartment project in the Katong area, will kick off other developer sale along Dunman Road when it is launched tomorrow. A maiden project by medi-um-sized developer, OEB Properties, 24 units in the freehold project will
      411 words
    • Article
      Lock icon Share of secondary sales of private homes rises to 46%
      465 3  -  Q1 trend reflects the more limited choices in primary market By Marissa Chew TRANSACTIONS of private homes on the secondary' market picked up in the first quarter, reflecting the fewer choices in the primary market for buyers. According to a
      465 words
    • Article
      Lock icon Discovery finds new channel on the Internet
      330 3  -  By' Toh Han Shih DISCOVERY Communications, a non-fiction media giant, will embrace the new media of Internet and digital TV, its founding chairman John Hendricks said yesterday. He was the speaker of the Singapore Broadcasting Authority Distinguished Speaker Programme. Singapore is the Asia-Pacific
      330 words
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      697 2 &E3 royal bank gSgfJ OF CANADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 1998 Consolidated Balance Sheet Consolidated Statement of Income (in millions of dollars) (in millions of dollars) October 31. Octobcr 31. Year ended Year ended 1998 1997 Octobcr 31. October 31. Assets 1998 1997 Cash resources
      697 words
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      4 2 Your Partner in Recruitment
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      39 3 fcgjrv «Bbu i V Jt, f 4 P*^ f?* m I f -r JBP Hr Business Vision f STAY AHEAD WITH V-"*' 4 THE LATEST NEWS *f EVEN IN YOUR OFFICE I r expert opinions. \X" EXCELLENCE IN NEWS
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon HK, Manila, S'pore seen as most vulnerable to Dow falls
      298 4 Relatively high correlations, says London-based research institute Reuters [SINGAPORE] Stock markets in Hongkong, the Philippines and Singapore are the most vulnerable to falls in the Dow Jones Industrial Average, London-based research institute IDEAglobal.com says. Movements in the Hang Seng Index,
      Reuters; Source: Bloomberg  -  298 words
    • Article
      Lock icon Asia won't gain from US market correction: Dresdner
      402 4  -  Prom Quak Hiang Whai in Hongkong ASIAN markets are unlikely to benefit from any shift of fUnds resulting from a major correction In the US bourse, according to fund manager Dresdner RCM Global Investors. In a presentation yesterday, Mark Konyn, a director
      402 words
    • Article, Illustration
      Lock icon Japan and US aggravated Asian crisis: Mr Yen
      450 4 He warns global capitalism may collapse if US economy slumps AFP [SYDNEY] Japan's top International finance official has conceded that the Asian meltdown was seriously aggravated by US and Japanese policy mistakes. Eisuke Sakaklbara, ViceMinister for International Affairs and nicknamed Mr Yen,
      AFP  -  450 words
    • Article
      Lock icon Big Indonesian banks take on a new appeal for foreign investors
      562 4  -  811, Bank Lippo and Bank Niaga being actively courted From Shoeb Kagda in Jakarta INDONESIA'S surviving big banks, once considered doomed to fall, are now being actively pursued by foreign banks and financial institutions looking for a foothold In
      562 words
    • Article, Illustration
      Lock icon Regional currencies fall despite Dow fears
      498 4  -  Reported US bank selling sends S$ to 6-week low of 1.7315 By\ Larry Wee [SINGAPORE] Lingering concerns that emerging market sentiment could be taking a turn for the worse sent most regional currencies lower against the US dollar yesterday, despite another 123-point overnight fall
      Source: Bridge  -  498 words
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      320 4 CHINESE HERBS t® regain HecdtbyHairin weeks! Let our Hair Consultants from Beijing help you. Knowledgeable in Traditional Chinese Medicine, our Consultants have many years of experience treating hair problems. We will analyze your condition and recommend you the fastest way to regain healthy hair. Our hair tonic consist of 100%
      320 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon No sign of Suharto funds: Austria
        86 5 AFP [VIENNA] Austrian authorities yesterday denied any knowledge about funds belonging to former Indonesian President Suharto held in the country, following a report about a transfer of US$9 billion (5115.6 billion). Interior ministry spokeswoman Cornelia Zoppoth said there was "no indication of the presence
        AFP  -  86 words
      • Article
        Lock icon Indonesia could delay Indosat stake sale
        82 5 Bloomberg [JAKARTA] Indonesia could delay until March 2000 its sale of a 5 per cent stake in PT Indosat, the country's main international phone company, as it holds out for a better price. "We will sell the stake when we can get a good
        Bloomberg  -  82 words
      • Article
        Lock icon Supachai denies admitting defeat
        61 5 AFP [BANGKOK] Thailand's Commerce Minister Supaehai Panitchpakdi yesterday denied that he has admitted defeat in the race for the World Trade Organisation's top job ahead of a crucial selection meeting in Geneva. He rejected suggestions that his decision not to travel to Geneva signalled his campaign
        AFP  -  61 words
    • Article
      Lock icon Thai bourse to investigate heavy stock selloffs
      385 5 BANGKOK Legal action could follow if it's proven that large-cap issues were dumped: SET AFP THAI regulators yesterday launched an investigation into a sudden stockmarket plunge on Tuesday amid speculation that it had been engineered by powerful brokerages. Thai stocks rose 1.6 per
      AFP  -  385 words
    • Article, Illustration
      Lock icon Mixing food with love
      61 5 [BANGKOK] A waiter at the Cabbages Condoms restaurant in Bangkok serving drinks and wearing a condom over his head yesterday at a restaurant run by the so-called "Condom Man of Thailand", Meechai Viravaidaya. One of the objectives of the restaurant is to promote and to create
      AFP  -  61 words
    • Article
      Lock icon No Bob Hasan link in Natuna deals: Pertamina
      638 5  -  Pipeline construction to be undertaken by McDermott group From Yang Razali Kassim in Jakarta THE massive Natuna gas pipeline project to Singapore involves a complex array of contracts and agreements, but none involves Indonesian timber tycoon Bob Hasan, who is closely linked
      638 words
    • Article
      Lock icon KL banks cut home loan rates
      426 5  -  Move nnlikely to spark price war in industry: analyst From Diana Oon Abdullah in Kuala Lumpur BANK Bumiputra Malaysia Berhad (BBMB) and Bank of Commerce (BOC) yesterday launched an aggressivelypriced housing loan scheme, a move that could spell improved loans growth for the merging
      426 words
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      234 5 BMost ERR applications are implemented with about this much V efficiency and I Introducing Epicor, the company with business solutions for the rest of us. H ■H Thinking about implementing a typical At Epicor, our unique focus helps you ENTERPRISE SYSTEM? BETTER BRACE LEVERAGE YOUR LIMITED RESOURCES AND yourself. Because,
      234 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Railways ministry setting up giant to rival China Telecom
      314 6 BEIJING Reuters CHINA plans to set up a giant telecommunications company as part of its plans to end the virtual monopoly of China Telecom, the Xinhua news agency reported yesterday. China's Ministry of Railways was ready to establish the China Railway
      Reuters  -  314 words
    • Article
      Lock icon China to amend rules for futures trading: report
      146 6 SHANGHAI Reuters CHINA'S State Council, or cabinet, has approved in principle amendments to the nation's Accounting Law and rules for futures trading, the official Liberation Daily said yesterday. The amended law will be sent to the National People's Congress, or parliament, for
      Reuters  -  146 words
    • Article, Illustration
      Lock icon HK banks rush out cheap home loans, fuelling speculation
      775 6  -  Mortgage war leads to Li Ka-shing urging government to renew land sales From Quak Hiang Whai, Meera Tharmaratnam in Hongkong COMPETITION in Hongkong's housing loan sector intensified further last month, fuelling speculative property buying even as bad debts in mortgages continued
      FILE PHOTO  -  775 words
    • Article
      Lock icon Guangdong firms' shares fall on bailout talk
      222 6 HONGKONG Gnangnan suffers biggest fall of 54% on HE exchange Bloomberg SHARES in Hongkong-listed companies controlled by Guangdong Province tumbled yesterday some as much as 54 per cent after China unveiled its plan to bail out its insolvent trading firm. Guangdong Investment Ltd
      Bloomberg  -  222 words
    • Article
      Lock icon Shandong power group to make 4th try at HK listing
      354 6 SHANGHAI Company posts 30% rise in earnings to9oomynan Bloomberg SHANDONG International Power Development Co, which tried and failed three times to sell shares in Hongkong, said it earned a net 900 million yuan (SslB7 million) last year and plans to
      Bloomberg  -  354 words
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      1039 6 SEE HUP SENG LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Marina Mandarin Singapore, Pisces/Aquarius Room, Level 1 at 6 Raffles Boulevard, Marina Square, Singapore *****4 on 18 |une 1999 at 10.00 am for the following
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      775 6 Stvfe UNITED UMTTtD (Incorporated in the Republic of Singapore) NQTICS OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ot SMB UNITED LIMITED (the Company*) will be held at 9 Senoko Drive, Singapore *****7 on June 11,1999 at 9.00 a.m. tor the following purposes AS ORDINARY
      775 words
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      83 6 i M 1 II II 1 *****1 MIJBmEVr osHOTomiß EBB3I QPQ {Services! [Services I •Lamda Prints&Duratrans (drect output from diskette) Lighted Digital Injet Prints to 600 dpi) Trans Digital Retouching of Trans. Duratrans, Duractear, Display Trans Computer Slides Presentation J* 3 loe 10 P™*- Kje Du P j,cat,n 9 Lamination
      83 words
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  • ASIA
    • Article
      Lock icon Japanese regulators probe HK-based broker Cresvale
      415 7 TOKYO Probe of 3rd foreign firm comes as agency checks if complex deals used to help clients hide losses FT JAPAN'S banking watchdog has launched a surprise inspection of the Tokyo operations of Cresvale International, a Hongkong-based broker owned by Princeton Economics International, a
      FT  -  415 words
    • Article, Illustration
      Lock icon Air strikes shake Indian, Pakistan markets
      423 7 BOMBAY Reuters INDIA'S air strikes against infiltrators in Kashmir yesterday shook the currency and stock markets at home and in Pakistan. Indian fighter jets and helicopter gunships launched dawn air strikes against mercenaries from Pakistan on the Indian side of the ceasefire line dividing
      Reuters; REUTERS  -  423 words
    • ASIA Notes
      • Article
        Lock icon Japan jobless package out next month
        49 7 AFP [TOKYO] Japan is preparing a major package for release next month to cope with a record-sized and lengthening jobless queue, Prime Minister Keizo Obuchi's spokesman said yesterday. Akitaka Saiki said the new measures were being drawn up for submission June 11. —AFP
        AFP  -  49 words
      • Article
        Lock icon Korea Telecom issue sets stage for more
        58 7 Reuters [SEOUL] A successful depositary receipts issue by Korea Telecom underscored renewed confidence in Korea and could encourage more firms to look abroad for financing, analysts said. State-run Korea Telecom raised US$2.5 billion (554.3 billion) by selling a 14.5 per cent stake or
        Reuters  -  58 words
      • Article
        Lock icon No go for Ishihara
        79 7 AFP [TOKYO] US Ambassador Thomas Foley said "no" yesterday to Shintaro Ishihara, Tokyo's new governor who outraged US lawmakers a decade ago with his book A Japan that Can Say No. The former US House speaker used his first courtesy call on the governor to spurn
        AFP  -  79 words
      • Article
        Lock icon Chaebol on track in reforms: creditors
        64 7 Reuters [SEOUL] Creditor banks of South Korea's top five conglomerates have deemed the business groups to be mostly on track on their reform schedules for April, bank officials said yesterday. Hanvit Bank, the major creditor for LG and Samsung groups, said representative creditors for
        Reuters  -  64 words
      • Article
        Lock icon Aussie wage rises tame in Q1
        62 7 Bloomberg [CANBERRA] Australian workers who negotiated wage agreements in the first quarter won smaller pay increases than in the fourth quarter, evidence that wage rises pose little threat to tame inflation. Average annual pay increases were 3.8 per cent in Ql. That compares with
        Bloomberg  -  62 words
    • Article
      Lock icon Deutsche bumps up GDP forecasts for Asian economies
      481 7  -  Among the crisis-hit, Indonesia leads with 4.1% growth by 2000 From Ritu Lusso in Berlin DEUTSCHE Bank has raised its economic growth forecasts for the Asian Five, citing a host of encouraging factors including stronger bank capitalisation requirements and better corporate governance.
      481 words
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      95 7 QHP THE ORI6INAL SPORTS WATCH V; FPjpj H^gv ImP 1 t (1 |r fT c J k< iii .J rc^ V T if H! V ■L I i 1 jfl i^<i^ sS« 1W '4Mi|i IL. -9 |r v B 3Pr Hv iv£' p v H Wlll^^ JBy *g*~? Ok v
      95 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Cox Report sparks trade curb fears
      524 8 SHANGHAI US firms in China worry about backlash, losing market access AFP US businesses expressed fears yesterday that the Cox Report would turn Washington against China's overall technological advancement and prompt trade curbs erasing their hard-won market gains. The 700-page Congressional report accusing China
      AFP  -  524 words
    • Article, Illustration
      Lock icon Gosh! The Chinese have spies?
      1090 8  -  COMMENTARY By Leon Hadar IN the movie classic Casablanca, the French police inspector reacts with a memorable line the ultimate hypocrisy when told by an aide that alcohol is being sold illegally in a local bar. "I'm shocked! shocked! shocked!" he says. Everyone, including the
      1,090 words
    • Article, Illustration
      Lock icon Transport slump drives down US orders in April
      406 9 WASHINGTON But apart from transport, orders match picture of industry rebound Reuters A SLUMP in demand for transport equipment drove orders for costly US manufactured goods down sharply in April, the Commerce Department said yesterday. The value of total orders for new
      Reuters  -  406 words
    • Article
      Lock icon EU hauls US to WTO over music in bars
      222 9 GENEVA Reuters THE European Union 19 dragging the US before the World Trade Organisation, claiming that American pubs and restaurants deprive artists of fees by playing radio and television music without paying royalties. The EU alleges that US music copyright laws
      Reuters  -  222 words
    • Article
      Lock icon Euro crashes on fears over European growth
      448 9 LONDON Confidence in new currency may take years to firm: ECB AFP THE euro single currency yesterday crashed to the lowest level yet against the dollar as the markets reacted to further evidence of weakness in the European economy. The euro plunged to
      AFP  -  448 words
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      175 8 dobusiness the I BEX way t~l|| A total business-to-business e-commerce service > v There are 5 key components in the IBEX service IBEX the HOST, tlie CERTIFICATION AUTHORITY, the BUYER and the BANK. Brin i n You The s v I? enef i t s Streamline Business Processes to save
      175 words
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      210 9 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands •Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      1015 9 ITU WBL CORPORATION LIMITED m WM (Incorporated in Singapore) ANNOUNCEMENT mum unaudited results of the Group and of the Company for the financial half year ended 31 March 1999 are a> follows:OEOUP COMPANY 1999 1998 1999 1991 $'000 $'000 $'000 $'000 Turnover 266,078 284,654 (6.5) Investment income 4,550 2,626 73.3
      1,015 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Why the US can't remake the world
      807 10  -  THE BOTTOM XJNE OPINION By Robert Samuelson Washington Post Writers Group THE United States thinks of itself as the world's "sole remaining superpower", but the war in Kosovo reminds us that this flattering rhetoric deludes as much as it describes. At the core
      Washington Post Writers Group  -  807 words
    • Article
      Lock icon IN OTHER WORDS
      100 10 You are seeing already cartoons in newspapers showing the buck-toothed, slant-eyed Chinese for example selling with egg rolls, nuclear secrets.' -Frank Woo assistant professor at Howard University, on the general anti-Chinese rhetoric following the release of the Cox report into allegations that China stole American nuclear secrets.
      100 words
    • Article
      Lock icon Malaysia's economic overhaul
      647 10 EDITORIAL THE launch of Malaysia's billion-dollar global bond issue will give the clearest indication of how foreign investors rate the efforts to overhaul the countiy's economy. While pessimism has eased somewhat in recent months, because capital controls were used effectively to address certain pressing problems, the country
      647 words
    • Article, Illustration
      Lock icon Fun at the centre of money-making strategy
      1194 10  -  Man behind one of the most successful biotech firms believes in having a good time in business By\ David Pilling FT MARK Levin is in full flow. But then he is always in full flow. "We have lots of parties during the year
      FT; FILE PHOTO  -  1,194 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      991 10 Golkar faces a backlash WITH less than a fortnight to go before the ballots are cast in what could be the most crucial general election in Indonesia's history, things do not seem to be looking too well for the erstwhile all-pow-erful ruling party, Golkar. Obvious obstacles
      991 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A spellbinding performance
      606 11  -  MUSIC Discipline, spontaneity and close attention to detail characterised the HE Philharmonic concert By: Benjamin Loh [SINGAPORE] The Hongkong Philharmonic Orchestra, under the baton of David Atherton, provided a stunning and rapturous performance on Tuesday evening at the Victoria Concert Hall. Performing to a full house, their
      606 words
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      470 11 Where to wine, dine and SJfissa- a SS°S«.rtdSe. JJimjL jfcwtftatag**** IKtW CITY THAI SHARKSFIN RESTAURANT Braised Superior Shark*s Fin w/Crabmeat Braised Superior Shade's Fin w/Oabmeat (i Cbypot per person) Braised Whole Abalone Mushroom Kai-lan Sambal Pomfret Prepared m Thai Style Crispy Fned Golden Beancurd Baked King Prawn vy/Vermtcelli m Claypot
      470 words
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      152 11 TSallrtuimVancinfr AT THE NEPTUNE Set your night on fire. Tango, Waltz, vjfk Cba Cba or Rock Roll every w Wednesday night as you dine on our seafood servings with complimentary glass of V, wine a chance to win attractive prizes weekly Every Wednesday, 7pm lam Pricing: $30 nett per person
      152 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      1130 11 CRYPTIC CROSSWORD 4No longer keen on pale Jl |BL_||H 17 A way to provide full board I I I I I I I I I 20 They're put to work by turns 25 Enlisted American men for 28 Remove without hesitation |H HI fIV 29 In song, sailor lands far
      1,130 words
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  • MOTORING
    • Article, Illustration
      Lock icon BMW aims to turn Rover around by 2001
      1399 12  -  Ruling out another merger, a BMW board member talks about fully integrating Rover, looking to Asia as the source of big bucks in the long term, and other big future plans for the German auto giant By< Christopher Tan [SINGAPORE] WE have
      SIEW YAW HOONG; FILE PHOTO  -  1,399 words
    • BUMPER to BUMPER
      • Article
        Lock icon And the Golf goes to ...
        101 12 And the Golf goes to HOUSING and Development Board technical officer Frankie Ong has become the first winner of Citibank's Volkswagen Golf giveaway. The 28-year-old received the keys to his Golf 1.6 last week. A Citibank credit card customer since 1996, he intends to keep the car, touted as one
        101 words
      • Article
        Lock icon AA elects 298 life members
        115 12 THE Automobile Association of Singapore has elected 298 ordinary members to be life members. These members have been with the association for 30 years, and the move is in honour of their "loyal support", the AAS said. Every year, about 250 members are elected for
        115 words
      • Article
        Lock icon DaimlerChrysler opens new premises
        121 12 DAIMLERCHRYSLER South-east Asia held an official opening of its new premises at Centennial Tower on Tuesday. Done in strict accordance to instructions from a fengshui master, the open-house was a do-it-yourself tour of three floors in the new building. Apparently, rain (an auspicious sign) was supposed
        121 words
      • Article
        Lock icon High praise for Cefiro V6 engine
        89 12 NISSAN'S three-litre VQV6 engine used in the Ceflro has been picked for the fifth consecutive year to be on the Ten Best Engines list compiled by Ward's Communications Inc. The automotive trade publication said the engine was "the best V 6 available in the
        89 words
      • Article
        Lock icon Saab scores in J D Power poll
        79 12  -  -Compiled byi Christopher Tan SAAB has secured second place in a recent J D Power survey. The 9-5 model, in its debut in the renowned poll, came in after Nissan's Ceflro. The survey covered new-car owners' impressions in the first three months, and
        79 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon M'sia likely to ignore S'pore's overture on Clob
      552 13  -  EL seems keen to let more private offers emerge and let investors choose From 1 Eddie Toh, Conrad Raj THE Malaysian government is expected to ignore Singapore's latest gesture to resolve the protracted Clob issue bilaterally. Instead, Malaysian government officials are expected
      552 words
    • Article
      Lock icon Changing capital composition is top priority for DBS
      482 13  -  INTERVIEW WITH JOHN OLDS No immediate plans to sell off more non-core assets By* Catherine Ong and Clarissa Tan [SINGAPORE] DBS Bank has sought ratings of its debts as a prelude to raising its Tier Two or less liquid capital but has
      482 words
    • Article, Illustration
      Lock icon 3 Popular units set for listing within 5 yrs
      515 13  -  They are: CD Rama, EPH and Popular Office Products By] Rahita Elias [SINGAPORE] At least three units of Popular Holdings would be ready for a listing within the next five years. Chairman Chou Cheng Ngok told BT recently that the companies
      SIEW YAW HOONG  -  515 words
    • Article
      Lock icon Parental liabilities: the sad story of A V Jennings
      800 13  -  HOCK LOCK SIEW Louis Beckerling IF ever a parent can become a liability rather than an asset, consider the sad saga of listed Singapore small-cap conglomerate Jack Chia-MPH, parent of AV Jennings. Australian homebuilder AV Jennings, listed on both the Singapore
      800 words
    • COMPANIES
      • Article
        Lock icon WBL interim net up 21% to $3.3m, Wearnes sees $2m
        419 14 Turnover down on soft car sales, M'sia project delays but improvement ahead [SINGAPORE] Diversified trading group WBL and its Sesdaq-listed unit Wearnes International yesterday reported better interim earnings despite lower turnover. WBL perhaps better known as the distributor of Jaguar
        419 words
      • Article
        Lock icon Scotts unveils property revaluations
        170 14 Ascott S'pore, Scotts Shopping Centre revalued at $297 m [SINGAPORE] Scotts Holdings yesterday announced the recent revaluation of some of its properties. The Ascott Singapore and Scotts Shopping Centre were revalued at $297.4 million as of March 31 by CB Richard El- lis. The Ascott Mayfair
        170 words
      • Article, Illustration
        Lock icon Dickson Poon gets sweeping nod to buy non-Asian assets
        562 14  -  Dickson Concepts shareholders to get HK$6.BO a share Fromi Quak Hiang Whai in Hongkong MINORITY shareholders of Dickson Concepts (International) yesterday voted overwhelmingly to approve the founder's plan to sell nonAsian assets in the Hongkong listed retailer to himself. In a
        562 words
      • Article
        Lock icon Vicom earnings soar 53% to $4.44m
        271 14 Profit margin hits 44%; turnover up 22.5% on fee hike [SINGAPORE] A vehicle inspection fee hike in late 1997 catapulted Vicom Ltd's earnings to $4.44 million last year, up a significant 53 per cent. Even more remarkable was the group's net profit margins for
        271 words
      • Article
        Lock icon KL has not considered selling Telekom stake
        485 14  -  Minister not aware of NTT approach to buy into firm From Ruth Wong in Kuala Lumpur MALAYSIA has not considered selling any part of its stake in Telekom Malaysia Bhd to any foreign party, Energy, Communications and Multimedia Minister Leo Moggie said yesterday.
        485 words
      • Article, Illustration
        Lock icon Sino Land sees above-market 7-10% yield for Fullerton hotel
        376 14  -  By i Carol Eng [SINGAPORE] Ng Teng Fong's Sino Land expects an above-market net yield of 7-10 per cent for its Grand Fullerton Hotel when it opens in Singapore in September 2000. The typical net yield for Singapore hotels is about
        ARTHUR LEE  -  376 words
      • Article
        Lock icon NSTP net shrinks 90% in first-half
        328 14  -  Media group blames low ad revenue, high interest charges FYom Ruth Wong in Kuala Lumpur THE New Straits Times Press yesterday reported a 90 per cent plunge in group net profit to 4.35 million Malaysian ringgit (Ssl .98 million) for the half-year ended Feb
        328 words
      • Article
        Lock icon Stakes in UIC: UOB overtakes Gokongwei
        255 14 [SINGAPORE] Veteran banker Wee Cho Yaw's United Overseas Bank (UOB) and his other vehicles have together overtaken Chinese Filipino tycoon John Gokongwei as the largest stakeholder in real estate group, United Industrial Corp. Recent statements filed with the stock exchange show UOB making incremental,
        255 words
      • COMPANY Briefs
        • Article
          Lock icon Wee Kit sells 2.87m CK Tang shares
          65 14 Reuters [SINGAPORE] CK Tang said substantial shareholder Tang Wee Kit had sold 2.78 million shares in the company. The sale reduced his stake to 33.48 per cent from 35.87 per cent. Mr Tang sold one million shares at an average of 68.2 cents
          Reuters  -  65 words
        • Article
          Lock icon NatSteel Broadway goes to Hungary
          46 14 [SINGAPORE] Nat Steel Broadway will set up a $10 million plant in Hungary as business volume increases. The facility, its first outside Asia, will be ready by the second quarter of next year. It will begin operations with metal stamping services.
          46 words
        • Article
          Lock icon CM Telecom buys ABC unit for HK$22m
          79 14 [SINGAPORE] CM Telecom International (CM) has entered into an agreement with ABC Communications (ABC) to acquire the latter's paging business for no more than HK$22 million (554.9 million). The consideration will be HKJ2.S million cash and the paging business' gross revenues on the
          79 words
        • Article
          Lock icon Flextech gets nod for Asti listing
          30 14 Reuters [SINGAPORE] Flextech Holdings, a semiconductor and equipment services supplier, said yesterday that its unit Asti Holdings has received approval to list on Sesdaq.
          Reuters  -  30 words
        • Article
          Lock icon TV3 interim loss widens to RM32m
          86 14 Bernama [KUALA LUMPUR] Sistem Televisyen Malaysia Bhd (TV3), Malaysia's first private television station, posted a group pre-tax loss of 31.98 million Malaysian ringgit (5514.5 million) for the six months ended Feb 28, against a loss of RM20.64 million previously. TV3 said group turnover fell
          Bernama  -  86 words
        • Article
          Lock icon KUB denies RHB Capital placement
          71 14 [KUALA LUMPUR] KUB Malaysia yesterday denied that it had placed out 99.3 million RHB Capital shares to investors. The company said it had not been allotted shares in RHB Capital as it was still awaiting the completion of the Sime Bank sale to RHB Capital.
          71 words
        • Article
          Lock icon HL Fin sells Promet's Ipco shares
          103 14 [KUALA LUMPUR] Malaysia's financially-troubled Promet said yesterday that Singapore's Hong Leong Finance had further forced sold 100,000 of its Ipco International shares pursuant to a loan agreement. Half of the shares were sold at U550.7567 per share while the balance was sold at US$O.74
          103 words
        • Article
          Lock icon Malakoff profit up 20% to RM239m
          50 14 Bernama [KUALA LUMPUR] Malakoff Bhd's group pre-tax profit rose 20 per cent to 239 million Malaysian ringgit (*****.7 million) for the half-year ended Feb 28. Turnover increased by 6 per cent to RM7OB million. Earnings per share was 64 sen versus 42 sen previously.—Bernama
          Bernama  -  50 words
        • Article
          Lock icon Globe Telecom to sell US$300m bonds
          93 14 Bloomberg [MANILA] Globe Telecom, the Philippines' third-largest mobile-phone company, said it will sell as much as US$3OO million (*****.6 million) of bonds to foreign investors within two months. Chief financial officer Gil Genio said proceeds from the 10-year bonds will help finance 13 billion
          Bloomberg  -  93 words
      • Article
        Lock icon NTT group posts record 649b yen pre-tax profit
        536 15 Success of cellnlar phone unit NTT DoCoMo masks trouble at parent Bloomberg [TOKYO] Nippon Telegraph Telephone Corp, the world's largest telephone firm, posted record group profit for the year to March 31 as increased revenue at its cellular phone unit outweighed a
        Bloomberg  -  536 words
      • Article, Illustration
        Lock icon Motorola shares lose 8.5% on news of Iridium charges
        245 15 Bloomberg [SCHAUMBURG, Illinois] Shares of Motorola Inc, the world's No 2 maker of cellular phones, fell 8.5 per cent on Tuesday after a Dow Jones News Service column speculated the company may have to take several hundred million dollars in charges
        Bloomberg; Source: Bloomberg  -  245 words
      • GLOBAL Briefs
        • Article
          Lock icon Nintendo profit hits six-year high
          77 15 Bloomberg [TOKYO] Nintendo Co, the world's second-largest maker of home video games, said yesterday that profit rose 4.9 per cent in the year ended March 31 to 165.2 billion yen (552.34 billion). Sales increased 7 per cent to 572 billion yen as consumers rushed to
          Bloomberg  -  77 words
        • Article
          Lock icon Toshiba posts first loss in 23 years
          91 15 Bloomberg [TOKYO] Toshiba Corp, the world's largest notebook computer maker, has posted its first group loss in 23 years as slumping economies in Japan and Asia squeezed sales of microchips, household electronics and nuclear power equipment. Japan's No 2 chipmaker reported a group
          Bloomberg  -  91 words
      • Article
        Lock icon Computer Associates reaches deal for Platinum buy
        257 15 Reuters [NEW YORK] Computer Associates International Inc said on Tuesday it reached an agreement with US regulators allowing it to complete its US$3.5 billion (Ss6 billion) purchase of Platinum Technology International Inc. The agreement with the US Justice Department requires the Islandia, New
        Reuters  -  257 words
      • Article
        Lock icon Tata seeking majority stake in Tetley: report
        205 15 Reuters [BOMBAY] India's Tata group is planning to acquire a majority stake in the UKbased Tetley group to boost the group's agro business, The Financial Express newspaper said yesterday. "The Tata group, as part of a strategy to bolster its agro business, is
        Reuters  -  205 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon National Mutual denies reports of AXA pressure
        346 16 Move inconsistent with roles governing AXA's purchase of National Mutnal Bloomberg [MELBOURNE) National Mutual Holdings Ltd, Australia's second-largest life insurance company, denied reports that its French owner, AXA SA, is pushing it to reduce the value of an Asian subsidiary that AXA wants
        Bloomberg  -  346 words
      • Article, Illustration
        Lock icon Henderson launches Europe property fund
        372 16  -  Unit trust to invest in listed European property stocks By' Wong Wei Kong [SINGAPORE] Henderson Investors has launched its second unit trust in Singapore, the Henderson European Property Securities (HEPS) Fund, that will invest in listed property stocks in Europe. The fund is also the
        ARTHUR LEE  -  372 words
      • Article, Illustration
        Lock icon M'sia, Thai body to firm rubber prices
        187 16 AFP [KUALA LUMPUR] Malaysia and Thailand will set up a --joint ministerial committee to intervene in domestic markets to help stabilise falling rubber prices, reports said yesterday. The joint effort will be a forerunner to possible regional cooperation, with the two countries to
        AFP  -  187 words
      • Article
        Lock icon Futures reverse trend to end higher
        133 17  -  sjmuh Reports MSCI Singapore Index Christopher A Podbury, Jardine Fleming THE Simsci futures settled marginally higher in trading yesterday, ending a string of lower closes that had prevailed for the three preceding trading days. A major contributor to the day's volume was rollover trades
        133 words
      • Article
        Lock icon Futures recover alter three days of losses
        169 17  -  MSCI Taiwan fatnres Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures edged up 1.6 points, recovering from the past three days' losses. The Taiex plummeted following news that Shin Yen Textile Ltd, whose activity has diverted whoUy to property development,
        169 words
      • Article
        Lock icon Oil prices higher as surprise US stockpile fall helps allay fears
        353 17 ENERGY REPORT Reuters [LONDON] Oil prices crept higher yesterday after an unexpected fall in crude stockpiles in the big US market helped curb jitters about global oversupply! Brent blend for July delivery was six cents firmer at U5515.49 a
        Reuters  -  353 words
      • Article
        Lock icon CURRENCY REPORT
        289 17 Reuters London THE euro took a beating yesterday, falling one-and-a-half cents to lifetime lows below US$l.O5 amid concern about sluggish European growth. Its losses, which leave it 12 per cent below peaks hit immediately after its launch in January, began to gather momentum after Portuguese Finance Minister Antonio
        Reuters  -  289 words
      • Article, Illustration
        Lock icon Untitled
        1192 17 nVTERBAMK CROSS RATES May2 A$ C$ 8wQ Uro Ffr D« KMh tmUk Yw Woo KM M2< P* 0$ N» S$ toi Sir KT$ —< Pw< B» 0 953 Lm 04,3 C021 1199 1035 27 W05 H 0793 773 2 1214 33.773 ***** 1123 4.071 0.977 ***** 2409 0.405 0.6* 5
        1,192 words
      • Article
        Lock icon Untitled
        1749 17 S1C0M FUTURES May 26 RUMCR (Mures doting as at SJ0*a) RSSICONTRACTlScaafeAe) ClOM VotWM OpM Motfc Wjfc Lwr Srtt (tMMi) iBtimt Jw99 106.00 50 *99 106.75 700 to9 99 109.00 WMO 108.50 600 375 Sap 99 1H50 275 Oct/D« 99 116.00 1500 JanAtar 00 120.75 RSS 3 CONTRACT (US ca«b/k«) VoImm
        1,749 words
    • Article, Illustration
      Lock icon HONGKONG
      1333 18 AFP yiHangSeng +62.25 HONGKONG share prices rose 0.5 per cent yesterday on late selective buying that reversed early weakness due to an overnight fall on Wall Street, dealers said. Alex Tang, research director at Core Pacific-Yamaichi Securities, said the market witnessed selective buying on better profit results posted by
      AFP  -  1,333 words
    • Article, Illustration
      Lock icon CHINA
      539 18 Reuters Shuzhen B Index -(K33 SHENZHEN'S hard currency B shares ended softer yesterday as declines in China-backed companies listed in Hongkong prompted local investors to sell off recent gains. The B share index fell 0.33 point, or 0.57 per cent, to 57.94. Turnover dwindled to HKSIS.7 million from HK$6B.5
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  539 words
    • Article
      Lock icon TAIPEI
      313 18 AFP FIWP Index ♦jj TAIWAN share prices closed 0.1 per cent higher yesterday as bargain-hunting emerged to offset early losses, dealers said. Share prices took a nosedive at the opening after a steep fall in the technologyheavy Nasdaq overnight, but selling pressure eased with heavy buying in Acer and
      AFP  -  313 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2065 18 Industrials NK *h 31 Group 6.97 0.05 Abbey National 12.99 0.06 A 8 Foods 4.73 0.14 AB Ports 2.82 unch Alliance Leicester 9.18 0.07 Allied Oomecq 9.75 -0.02 Allied Zurich 7.76 -0.03 Anglo American OoW 43.70 unch ASDA Group 1.81 0.01 Sank of Scotland 8.66 -0.08 Barclays
      2,065 words
    • Article
      Lock icon TOKYO
      1573 18 AFP H Nikkei 225 +ICL29 SHARE prices in Tokyo closed mixed yesterday after volatile trading soured by weak sentiment due to a fall on Wall Street and a rise in the yen, brokers said. The key Nikkei average of 225 leading issues gained 16.29 points or 0.1 per cent
      AFP  -  1,573 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8554 19 INDUSTRIALS Consumer pc oducts 1999 Last Vol Day Nat Cap Lew Camp any Sate 'OOP Hlqk Law P/I $«nll 380 255 Ajinomoto 340 -8 3 348 340 21.6 137.8 ns 46 Anqk ase 94 -2 84 97 93 138.6 293 220 Apollo Food Hlq 269 -8 1 269 269 9.4
        8,554 words
      • Article, Illustration
        Lock icon Trading volatile as investors take profits
        402 19 AFP, AFX-Asia kJ Composite Index -421 MALAYSIAN share prices closed 0.6 per cent lower yesterday in choppy trade as investors locked in profits, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 4.28 points to finish at 753.82, off an earlier low of
        AFP,; AFX-Asia  -  402 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2147 20 BONDS. LOANS i WARRANTS A L«at Vol Day Last Ouot. AvJ High Low Stno Company Sa4o *or- COOO) High Law Buyor Sailor Prico 25 3 S 3160 -Acor W0I073IUSS 22.5 -0.5 100 23 22 225 23 57.5 4.5 S 3)64 Acma ******4 46 5 -2 1716 50 45.5 46 47
        2,147 words
      • Article
        Lock icon Compact Metal wrt a good long-term play
        184 20  -  WARRANT WATCH -By Ven Sreenivasan A BENEFICIARY of speculative rotational punting this week is component maker Compact Metal Industries. The stock, which was drifting sidewards at around 33 cents over the last few weeks, has been running up in the past three days.
        184 words
      • Article
        Lock icon CLOB INTERNATIONAL
        215 20 honmom stocks Cr Or Vol Day LartOuata ON Mv VM Nat M Cap Hl» Urn stiw Company 8g» COOP) High Law Buyac ST Cw >/t $m> 345 173 5123 CDC (2000) MK 325 280 8 3.7 23 11 6292.5 5124 Cathay Pac 20c M*—720 265 2.1 7.4 6
        215 words
    • Article, Illustration
      Lock icon JAKARTA
      684 20 AFP Q Composite Index -14.09 INDONESIAN share prices weakened 2.3 per cent yesterday as profit-taking emerged to cap recent rallies, dealers said. A dealer at a regional brokerage said the profit-taking in the broad market was triggered by early foreign selling in blue chips. He, however, believed the market
      AFP  -  684 words
    • Article, Illustration
      Lock icon BANGKOK
      879 20 AFP P| SET Index +7J6 THAI stocks rose 1.6 per cent yesterday after regulators launched a probe into allegations that powerful brokerages engineered a last-minute plunge in prices the previous day. The benchmark Stock Exchange of Thailand (SET) Index rebounded strongly early on, rising nearly 14 points, but settled
      AFP  -  879 words
    • Article
      Lock icon MANILA
      334 20 AFP Q Manila ♦IMS PHILIPPINE share prices rose 0.8 per cent yesterday on late buying of oversold blue chips. The Philippine Stock Exchange Composite Index closed 19.98 points higher at 2,390.35. Volume reached 3.1 billion shares worth 7.52 billion pesos compared to 1.43 billion shares worth 3.92 billion pesos
      AFP  -  334 words
    • Article
      Lock icon SEOUL
      394 20 AFP Composite Indeg +2L36 SOUTH Korean share prices yesterday closed up 3.1 per cent on active bargain-hunt-ing by individual and institutional investors, buoyed by a strengthening yen and a rebounding futures market, dealers said. The Composite Index closed up 21.36 points at 720.05 on volume of 202.3 million shares
      AFP  -  394 words
    • Article
      Lock icon SYDNEY
      658 20 AFP FlAllorfaaria» +7 AUSTRALIAN share prices closed 0.2 per cent higher yesterday with blue-chip industrial stocks leading the way, brokers said. The All Ordinaries Index rose seven points to 2,918.50, ending five trading days of falls. The All Industrials closed 29 points higher at 5,152.60 while the All Resources
      AFP  -  658 words
    • Article
      Lock icon WELLINGTON
      288 20 Reuters □Wellington +6J THE New Zealand share market yesterday ended flat after absorbing a heavy afternoon of selling. The main NZSE-40 Capital Index ended up 6.1 points at 2,100.60 on turnover worth NZ$ll2 million after a slow start which saw trade worth just NZ$44 million by midday. Reuters «*«>
      Reuters  -  288 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7085 21 Tr.nis.irtmil il.itr: M.iy 26 Or Or M Wt •a-Wk tail V* 0«y Last Ouata Dtv Olv VM Nat Cm A*g Hlfh L«w ttNa Campany tf COOP) High Law Buyar Ww C'yr Eft In* Prtaa MUTHMDWTiV 147 17.3 m b 1000 Acma 50c 133 cd
      7,085 words
    • Article
      Lock icon SESDAQ
      1432 21 Or Of m Wt 52-Wk lait Vol Day Last Ouott Dlv OW Yld Nat Cap Avg Hmi Law >tW Ciwuiiy H» COOP) Hm. Law 8wyar Sa8at Cvr E/t $w» Wm manufacturing 142 30 c 2049 AS Auto 10c 123 *6 1660 124 115 121 123 15 N 7 12
      1,432 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        432 22 Stocks Volume GES Intl Ltd 20c 45,343,000 Popular tOc 30,831,000 Inno-Pac 20c 28,637,000 Lian Benq 5c 22,897,000 Li Xin 10c 22,694,000 Heshe Hldgs25c 22,130,000 Brilliant 8c 21,676,000 JC-MPH 21,323,000 Amara Htdgs Ltd 19,303,000 IPC Corpn5c 18,970,000 Stocks GES Intl Ltd 20c 53,482,723 City Dev 50c 47,401,614 DBS Foreign 36,268,105 OUB
        432 words
      • Article, Illustration
        Lock icon Penny stocks chased up on speculative rotational play
        549 22  -  STOCK MARKET COMMENTARY Bine chips still weighed down by interest rate fears, with STI falling for third day in a row By Ven Sreenivasan BLUE chips continued to be weighed down by interest rate hike fears while punters piled into penny stocks
        549 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Taking on Mobius
          98 22 FUND manager Mark Mobius' latest crusade to improve corporate governance in Asia is provoking comment. Dr Mobius, president of Templeton Emerging Markets, is being taken to task for his criticism of HSBC Holdings' US$3 billion (555.2 billion) share placement to fund its US takeover. One investment banker
          98 words
        • Article
          Lock icon Taking on red brolly and orange sun
          135 22 YOU'VE read it here first about the origin of Star Hub's name, and its top secret IDD access code, which will be 008. We can now reveal another closely-guarded secret about Singapore's newest fixed-line licensee. We hear its corporate colours will be blue
          135 words
        • Article
          Lock icon Daniel Lian joins Barclays Capital
          90 22 DANIEL Lian has jumped ship. The widely-quoted head of Asian market research at ANZ Investment Bank has joined Barclays Capital as emerging market strategist in the Asia research team. Based in Hongkong, he will help to develop Barclays' research capabilities in the foreign exchange and
          90 words
        • Article
          Lock icon Lim Goh Tone's bet
          81 22 LIM Goh Tong, the operator of Malaysia's only casino, is believed to have been instrumental in the country's decision to set up more immigration offices in China. Deputy Prime Minister Abdullah Ahmad Badawi said recently that the move will lead to more Chinese tourists going to
          81 words
      • Article, Illustration
        Lock icon HOT STOCK
        79 22  -  By Wong Wei Kong POPULAR shares rose 7.5 cents to $0,705 yesterday on a volume of 30.8 million shares, compared with its 10-day traded average of 15.3 million units. The stock is at a new 52-week high, and the technical indicators like the RSI and Stochastics suggest that
        79 words
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      Lock icon Page 14 Advertisements Column 1
      54 14 n;n >1 THE Sovereign BEST inDis Super Luxurious Condominium 2,700 Sq. Ft. High Floor *4+l Rooms. Partially Furnished Panoramic Seaview lyU •I Fu Facilities, 24 Hours Security 5 minutes wa 'k to East Coast Beach Kind, y Contact Owner at: M OCCUPATION J Wend y Edwina /JC U Tel: 338
      54 words
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      Lock icon Page 15 Advertisements Column 1
      975 15 im WEARNES INTERNATIONAL (1994) LIMITED (Incorporated in Singapore) ANNOUNCEMENT Results The unaudited results of the Group and of the Company for the financial half year ended 31 March 1999 are as follows:GRQ UP COMPANY 1999 1999 1998 $'000 $'000 $'000 $'000 Turnover 98,308 118,082 (16.8) 720 928 Investment income 989
      975 words
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      Lock icon Page 16 Advertisements Column 1
      232 16 Thursday 27 May 1999 Manchester Business School and the University of Wales, Bangor offer this unique distance learning MBA in financial management and will open in June 1999 a dedicated centre in Singapore to support students on this prestigious programme. Manchester Business School is one of the worlds leading business
      232 words
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      Lock icon Page 21 Advertisements Column 1
      74 21 f i-i I found my pet through your advertisement in I great...just like I '-pi n 'p. .a j I i" i 11 Trie Straits Times CT<issiiiecl. I l ihe btraits Times Classified... I V the ad j you still have the puppy... described. m 8 B to e rea
      74 words
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      Lock icon Page 22 Advertisements Column 1
      2549 22 MARKET MOOD Q MIXED Market mood indicates likely trading sentiment today based on brokers polled at S 6pm yesterday. Overnight eivnts may alter sentiments. Brokers polled. ING Barings. Phillip. Credit Lyonnals Securities. Daiwa. Fraser, GK Goh. Kay Hian. Morgan GrertfelL SG Warburg. Nomura. Merrill Lynch Are you making money off
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      Lock icon Page 22 Advertisements Column 2
      86 22 Tlim wf. The company is growing and we needed more people. We turned to Recruit and found all the people we needed. f =r > Your 1 future is "i your concern 1 ;l I ft i i m? 4 nrad ?4 ai 11 fcHwil 11 tr i lil *1"
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      77 23 I I a 1 million square feet of sole leasing agency instructions for office > r I P ro^ess ona s m over offices worldwide But more than just figures is our commitment to knowing your business, the market and the opportunities Eecause the sma-es-r etc" Can make a blc
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Just the Job for Mr Fix-It
      3824 24  -  Veteran banker John Olds tells Catherine oho and tax why he has his work at DBS cut out for him CATHERINE ONG, CLARISSA TAN a i an age wnen most bankers are thinking of retirement and how to spend their millions, John Theodore Olds
      3,824 words
    • Opening up
      • Article
        Lock icon For foreign banks
        172 26 Full New category of banking licences: Qualifying Full Banks (QFBs). Up to six QFBs to be issued by 2001. All foreign banks can apply. QFBs can open branches and off-premise ATMs at up to 10 locations, of which up to 5 can be branches. But no more
        172 words
      • Article
        Lock icon For local banks
        86 26 Must appoint Nominating Committees whose main job is to ensure that only the most competent individuals are appointed to the board and key management positions. MAS retains existing powers to approve appointments of directors, and key posts such as the CEO and Deputy CEO. But re-appointments will
        86 words
      • Article
        Lock icon For shareholders of local banks
        78 26 Local banks' 40% foreign ownership limit removed, paving the way for merger of local and foreign tranches of bank shares. Additional approval threshold when shareholding in local banks increases beyond 12%. Existing thresholds of 5% and 20% remain. Approval of shareholding above 5% only in
        78 words
    • Article, Illustration
      Lock icon The best of times...
      1397 26  -  With liberalisation in full swing, siow li sen looks at how Singapore's financial pie might be carved up SIOW LI SEN The writer is a BT correspondent FOR the banking industry, it is the best of times and the worst of times, to borrow a line
      FILE PHOTOS  -  1,397 words
    • Article, Illustration
      Lock icon Financial statements:
      348 29 Senior Minister Lee Kuan Yew on the topic of foreign competition through the years May 24,1900, in Pari* "There is still a little diffidence in the local banks and insurance companies because they feel they cannot run with the big boys. They feel they require a little support
      348 words
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      Lock icon Prudence in looking forward
      1811 30  -  HSBC's new chairman shares with quae hiamo whai its strategy in adding economic value and global rebranding QUAK HIANG WHAI The writer is BT's Hongkong correspondent WHILE the new man at the helm of Hongkong Shanghai Banking Corporation Ltd (HSBC) David Eldon has often been described
      1,811 words
    • Article
      Lock icon On competition in the region
      284 30 HSBC is comfortable with its position in Singapore and takeovers and strategic alliances are not on the cards right now. "It is not something we consider," said HSBC's chairman David Eldon. "I think we are not complacent but we are quite comfortable currently with the
      284 words
    • Article, Illustration
      Lock icon Readiness amid changes
      526 31  -  To counter possible downturn in the West HSBC believes in catching distress signals early. quae HiAtfG whai reports QUAK HIANG WHAI DESPITE the Asian crisis, the HSBC Group has managed to cushion itself with the robust performance of its units in North America and Europe. But is
      FILE PHOTO  -  526 words
    • Article
      Lock icon Climb to the top — in 40 years
      358 31 Climb to the top in 40 years HSBC started its rise to world supremacy in 1959 when it acquired The British Bank of the Middle East and The Mercantile Bank. It continued its acquisition spree in the late 1970s when the focus was shifted to North America and Europe. In
      358 words
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      Lock icon Racing with the megabanks
      1183 32  -  We'll have to play catch-up to survive and succeed, says yvettocheak YVETTE CHEAK THE most exciting aspect of the recent debate on Singapore's banking sector is perhaps the blueprint that the government has drawn up to transform Singapore into a major global banking and financial centre.
      1,183 words
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      Lock icon Mind the value gap
      435 32 WHILE mergers and acquisitions (M&A) are meant to increase shareholder values, a survey in the US by Business Week in October 1995 has showed otherwise. Half of the major mergers since 1990 have eroded shareholder returns, one-third resulted in marginal returns and only 17 per cent
      435 words
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      Lock icon The reality of banking.com
      1581 33  -  P j Going online promises a new order amid upheaval, neo ban seng takes a long hard look at the industry of Internet banking NEO BAN SENG The writer is a director at KPMG Consulting »tiAima me worm over are navmg to come to grips witn
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      Lock icon Deal!
      2321 34 From Singapore to Japan, Europe tffid the United States, banks have been making heads turn with an irresistffle urge to merge. In Singapore, we had DBS Bank merging with in Japan, banks are forming new alliances to re-capitalise. American and European banks too are rushing into marriages as market
      TEXT BY CLARISSA TAN; PHOTO BY SIEW YAW HOONG  -  2,321 words
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      Lock icon Adopt a value-creation mindset
      1068 36  -  r satta looks at why banks should move away from conventional measures and use economic value management instead R SATYA The writer is director ofKPMG Consulting WHILE industrial companies have been focusing for some time on creating shareholder value through economic value management (EVM), banks have
      1,068 words
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      Lock icon A milestone in bank disclosures
      1638 37  -  S'pore should continue to benchmark itself against the best practices of leading-edge financial centres, say chua Km emu and liam web umhow CHUA KIM CHIU,LIAN WEE CHEOW Chua Kim Chiu is a partner, and Lion Wee Cheow, a senior manager of Price Waterhouse, an affiliate
      1,638 words
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      Lock icon Gloom over M'sia lifting
      1112 38  -  The country's bank restructuring programme has produced positive results, ruth womg reports on the progress made in the sector RUTH WONG The writer is BT's Kuala Lumpur correspondent HAVING experienced one of its most tumultuous periods in the past 18 months, the Malaysian banking sector has
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      Lock icon Manila banks weather crisis well
      864 38  -  The Philippine banking system is seen as among Asia's most stable From. Al Labita The writer is BT's Manila correspondent in Manila THINGS are looking up for the Philippine banking sector, if the recent lightning sale of PCI Bank is taken as a guide. The
      864 words
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      Lock icon Indon banks on the road to recovery
      1090 39  -  The next stage in the healing process is for the sector to start lending again. shobb kagda looks at the challenges facing the country's banks SHOEB KAGDA The writer is BT's Jakarta correspondent INDONESIA'S crippled banking sector is finally beginning to get back
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      Lock icon Rise and fall of Thai empires
      1797 40  -  Thai families see their banking assets slip away from them as they struggle to deal with massive non-performing loans, reports harishiobota HARISH MEHTA The writer is BT 's Bangkok correspondent THE rise and fall of the Thai-Chinese banking dynasties has all the ingredients of
      1,797 words
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      Lock icon Slipping out of family hands
      590 41  -  Some family-owned hanks are being forced by the Asian crisis to accept foreign funds By Harish Mehta THE Wanglee family of Swatow began as shippers of rice and silk in a junk from Thailand to China and Hongkong, and soon became the first Chinese dynasty
      590 words
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      Lock icon Japan's urgent call to forgive
      1598 42  -  As bad debt overwhelms bank capital, Tokyo hopes to persuade banks to write off loans in return for badly needed funds. Anthony rowlet reports ANTHONY ROWLEY The writer is BT's Tokyo correspondent JAPANESE banks may need to remember that "to err is human, to forgive,
      1,598 words
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      Lock icon Business as usual in the City
      1105 43 Peter Levene, Lord Mayor of London, talks about London's place as a leading financial centre in the new euro zone THE UK has a huge financial services industry by any standard. It accounts for about a fifth of exports and a fifth of national
      1,105 words
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      Lock icon Greater focus on risk for HKMA
      1200 44  -  Regulator to be more pro-active in spotting risks before damage erupts, its deputy tells quakhiahowhai QUAK HIANG WHAI The writer is BT's Hongkong correspondent HONGKONG is considering allowing locallyincorporated banks controlled by foreign institutions to move their backroom operations overseas, says Hongkong's top banking
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      Lock icon Consolidation on the cards?
      570 44 AMID the rapid global liberalisation and intensifying competition, some bankers have voiced concern over the long-term viability of small banks in Hongkong which rely heavily on mortgage lending. Some of these have previously been cushioned by the property boom which made the banking business rather easy
      570 words
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      Lock icon The centre is Down Under
      1080 45  -  Australia's government is aggressively marketing the country as a global financial services centre, reports rpssell baker RUSSELL BAKER The writer is a Sydney-based journalist who contributes regularly to BT AUSTRALIA'S Minister for Financial Services and Regulation, Joe Hockey, has been telling anyone who will listen
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      Lock icon E-broking shakes up forex trade
      770 47  -  A new BIS report shows forex markets turning increasingly concentrated, louis bbckesldtg reports LOUIS BECKERLING The writer is a BTcorrespondent THE days of picking up a telephone and calling your bank to arrange a straightforward currency exchange to pay for imports, or take payment for
      FILE PHOTOS  -  770 words
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      Lock icon Demystifying fund management
      1186 48 While efforts are being made to stress the value of managed investment to ordinary S'poreans, more needs to be done at the regulatory level THE prospect of investment opportunity here has remained good although the regional economic crisis made it a time of consolidation for the fund
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      Lock icon Bullding a bond market
      1242 50  -  A fresh drive in government policy aims to make Singapore's nascent debt capital market deeper, wider and better. loh boom cute and david zezza track the developments LOH BOON CHYE,DAVID ZEZZA The writers are managing directors, Asian local markets/OTCderivatives, Deutsche Bank SINGAPORE has moved remarkably swiftly
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      Lock icon The new imperative for treasurers
      1441 51  -  The need to deal proactively with riskier market conditions has speeded up, combining cash and treasury management skills, says Lawrence webb LAWRENCE WEBB The writer is senior vice-president, global payments and cash management, HSBC IT was only with the Asian financial collapse in mid-1997 that
      FILE PHOTO  -  1,441 words
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      Lock icon Pushing ahead with the right tax moves
      1235 52  -  Tax policies are being fine-tuned in line with developments in the financial sector, uw-wm and bill lezmomd review what has been achieved so far and suggest what more can be done MICHAEL VELTEN BILL LEXMOND THE government's push to develop Singapore into a
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      Lock icon Asset securitisation takes off
      1037 53  -  The ethos of shareholder value will push owners of property assets to consider selling them off to professional managers and free up capital, says amdrew schofteld ANDREW SCHOFIELD The writer is head of global property research, Henderson Investors PROPERTY is one of the world's most important
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      Lock icon Loan options for the home buyer
      809 54 A home financing package must be flexible enough to meet both your current and future cash flow needs CUTS in housing loan rates have been making the news lately. For the prospective home buyer, this can act as a strong incentive to make a
      809 words
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      Lock icon A bigger role for private equity
      1360 56  -  The Asian liquidity crunch may have dried up traditional funding sources but it's business as usual for private equity funds, say tog yu seno and abbay agarwal TING YU SENG,ABHAY AGARWAL Ting Yu Seng is general partner, head of Asia, andAbhay Agarwal is an
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      Lock icon New thrills in Asia
      1131 57  -  The changing rules of the game present private equity funds with new opportunities, say thig YUSEHGand abhay agarwal TING YU SENG,ABHAY AGARWAL Ting Yu Seng is general partner, head of Asia, andAbhay Agarwal is an associate at Chase Capital Partners, Singapore. utifi i t tne nnanciai
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      Lock icon Priority has its privileges
      840 58  -  Servicing the high net worth client is a growing market segment for bankers in the region. Clarissa tam finds out why CLARISSA TAN The writer is a BT journalist THE potential in servicing high net worth clients remains enormous in Asia, even though the regional crisis
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      Lock icon Ensuring consistent returns
      420 58 DBS ties up with Frank Russell for a new investment programme DBS Bank and DBS Asset Management have teamed up with one of the world's leading investment strategy consultants, Frank Russell Company, to offer investors the backing of a firm which manages over US$4O billion (Ss6B billion)
      FILE PHOTO  -  420 words
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      Lock icon How to grow your CPF savings
      1312 59 Risk tolerance and investment period are key in building your nest egg NOW that your CPF money can be used in many more investment avenues, good planning can help grow your nest egg for a more comfortable retirement. When investing your hard-earned savings, you
      1,312 words
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      Lock icon Growth of a 'well-carded' society
      1607 60  -  Bombarded with offers, consumers can pick and choose to find the credit card with the best deals, says Auraomruß ANTHONY LEE The writer is country manager and head, consumer services erouD. American F.mrecc EVERY day, consumers are bombarded with advertisements and direct mail offering free
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      Lock icon Banking for customers on the go
      767 62  -  WOMOWAILIIIO outlines the convenience and marketing potential of mobile phone banking WONG WAI LING The writer is vice-president of operations and technology group at Citibank AS consumers become more sophisticated, what do they expect from banks? Convenience, convenience and greater convenience. Hence, the greater
      FILE PHOTO  -  767 words
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      Lock icon Spoilt for choice
      1019 63  -  From mobile phone banking to debit cards, the consumer just has to name it to get it; tax finds out CLARISSA TAN AN extra sparkle comes into Gracy Choo's eyes, and a greater excitement in her voice, when she talks about Overseas Union Banks's plans for consumer
      1,019 words
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      Lock icon Riding the IT revolution
      964 64  -  Banks will have to quickly harness technology to grow their business, says Clifford SEAN CLIFFORD The writer is a partner in Financial Services Industries Sector of Deloitte Consulting TECHNOLOGY is turning evolution into revolution as the banking industry struggles to leverage the latest technology. It is
      FILE PHOTO; Source: Competing for Your Customers: The Future of Retail Financial Services: Deloitte Research analysis  -  964 words
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      Lock icon The need for enterprise-wide solution
      1013 65  -  Globalisation, deregulation and specialisation are transforming the world of banking, edward musiae takes a look at the new challenges EDWARD MUSIAK The writer is director, Financial Services Strategic Business Unit SAP, South Asia Pacific THE world banking and financial system is in the throes of
      1,013 words
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      Lock icon It's boom time for corporate Internet banking
      670 65  -  By 1 Tobias Pelzer The writer is managing director of Netlife Singapore Pte Ltd THE growth of Internet trading is explosive and we are all aware of the mind-boggling figures and projections that are bandied about. By comparison the growth of Internet banking
      670 words
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      Lock icon Getting ahead on the Web
      712 66  -  To succeed in e-commerce, move from 'running' business to 'doing" business, says bastarhrwam BASTARI IRWAN The writer is managing director, cash management and payment services, DBS Bank INTEL founder and chairman Andy Grove calls them strategic inflection points. That's his catch phrase for events that
      712 words
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      Lock icon Simple, fast way to get your data
      206 66 WHILE this region's markets remain in economic straits, Swiss information provider Telekurs Financial is hoping to capture new business in Singapore with its latest front-end products for financial companies. The powerful new front ends alloW securities administration professionals to navigate efficiently through Telekurs
      206 words
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      Lock icon Lifeline for SMEs
      934 67 A look at the various financing schemes available to SMEs in these tough times THE spotlight has turned in recent months to small and medium enterprises (SMEs) and how they can thrive and grow in these tougher economic times. Strengthening the base of SMEs was one of
      934 words
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      Lock icon And the mergers play on
      689 68  -  The insurance sector is not immune to this global phenomenon, writes mammbbt yami MARGARET YANG The writer is general manager, CGUSingapore WITH globalisation the latest buzzword and mega mergers the growing trend, business monoliths are emerging with balance sheets healthier than some small nations. Last
      689 words
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      Lock icon Online policy brings in rewards
      495 69  -  Citystate Insurance shows the way to better and faster business, writes, tohhamshih TOH HAN SHIH The writer is a BT journalist AN online service, CtNet, is making life easier for insurance agents and local general insurance firm Citystate Insurance Pte Ltd (Singapore). CtNet, launched by
      495 words
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      Lock icon Insuring your child's education
      826 69  -  By\ Khong Bee The writer is senior marketing manager. Great Eastern Life Assurance THE cost of education is continually rising in Singapore and such spiralling costs can be a source of worry for parents. This is especially true for higher education. In a recent article in
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      Lock icon Allianz has big plans for region
      832 70  -  It aims to treble its premium income by 2000 and open other fronts as well, writes sob tiaho kens SOH TIANG KENG The writer is a BT journalist WHEN two companies agree to merge, it is not uncommon for many of their staff to
      CHRIS LOH  -  832 words
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      Lock icon AIA gears up to capture new frontiers
      1039 71  -  New policies and tailoring products particularly for Singapore appear to be the game plan at AIA, writes sohtiamokemo SOH TIANG KENG The writer isaßTjournalist INSURANCE company AIA is making a big push to create new products and services to meet the changing needs
      FILE PHOTO  -  1,039 words
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      Lock icon Safety in settlement
      762 72  -  As fund flows enlarge, shorter trade processing cycles and thorough automation are key to the security of settlement, writes ad am bryax ADAM BRYAN The writer is managing director of Thomson ESG, Asia in Hongkong IN the securities industry, the global move towards shorter settlement, rapid expansion
      762 words
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      Lock icon Managing trade risk
      2277 73  -  The Asian crisis has taught bitter lessons to importers, exporters and treasurers, tak kah chye and aloe senha guide you through the troubled waters TAN KAH CHYE,ALOK SINHA Tan Kah Chye is vice-president, Alok Sinha is vice-president, global trade finance at Chase Manhattan Bank, Singapore HOW many
      FILE PHOTO  -  2,277 words
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      Lock icon Positive outlook for regional currencies
      1352 75  -  Growth expectations for regional economieswill continue to rise, with little risk of inflationary pressure, says david sommomds DAVID SIMMONDS The writer is a regional currency strategist at Citibank NA THERE are a host of factors that could impact regional currencies over the next several months.
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      Lock icon Analysts still bullish on local bank stocks
      801 76  -  They have raised their earnings forecasts sharply, says george lam GEORGE LAM The writer is a data analyst at Barra The Estimate Directory INVESTORS went wild on Singapore bank stocks following the liberalisation announcement which included plans for the merger of foreign and
      801 words
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      Lock icon Analysts' consensus forecast useful but not foolproof
      255 76 CONSENSUS information is basically the market views of how the companies are going to perform in the coming years. It is not the opinion of one analyst but most of the analysts that carry out research on and track that stock. Stock prices
      255 words
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      Lock icon Re-learning about risk
      1444 77  -  While immediate dangers appear to be fading, now is not the time to be complacent, says peter colvin PETER COLVIN The writer is senior vice-president, ABNAmro Bank IF there is one lesson to be learned from the Asian crisis, it is that Asian financial managers, en masse,
      1,444 words
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      264 24 v 5 »jb» vjumi i..i. > .n.u .jj...,., ~=r --r fiC-*- C »>- XUk^.iMNI What does it take to be a leader in capital raising and advisory? An experienced partner. At Bank of America, our client teams utilize insight acquired through our experience in capital raising and advisory to seamlessly
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      195 26 g Financial Solutions Deciding how to make your hard-earned money grow is not an easy task. At National Australia Bank Asia, our Client Relationship Managers will tailor financial solutions to meet your immediate and future needs. Looking to purchase a property? If you're planning to purchase a property in Australia,
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      493 26 Eg YOUR CHOICE OF 68 UNIT I mj»TRUST INVESTMENTS I Wj§ WT m FROM SEVEN UNIT I j§P m mmmmm trust fund managers I Ife. Investment helpline: I *****19 1. BOND FUND Sing UT Singapore Equity South Asia Aberdeen Asian Fixed Income UOB Unifund OCBC Savers World Bond (USS) L
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      108 27 You might call it the perfect marriage. a m m The coming together of two of TWO the world's leading insurance companies, Commercial Union and General Accident. GREAT PASTS A partnership based on equally respected histories and reputations within the industry. Merging to create ■t v MAKE CGU, a newer,
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      157 28 ABN AMRO has been in Singapore for more than 140 years with an AA credit rating. Widely regarded as the "Network Bank", showing our strong commitment to the city and the ABN AMRO has an extensive global presence with over region. We are one of the leading universal banks, 3,500
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      244 29 c x 1-n i M lyiih .<> K .j i i I'nniiH Sa CS orce gives our custoijjte^^^ITIOrC confidence and ultimately, Mr. Thomas Lim, Managing Director, Cycle Carriage Motor Dealer J S. iv, y v IKia m T* i» I Eflv -<H| W''raaaiMHMdM ,'.ilS I*?" J. y r, 'J*,- .■>
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      512 30 fr > ft *V- t Even the Kaiser of Germany had to wait a whole year Ifs always worth the wait. for his Lange watch. The Kaiser Wilhelm watch by "A. Lange k Sdhne". The LANCE 1. When Kaiser Wilhelm made a to the The first Lange of modern took
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      290 31 c *Si -fff "MMjr? T- v ft 'W&k Connecting People t ll »v 1 < w r, I Ms f1199& OSSS! -ava 'v-^ v >: W^mKKi^^^^^^r "I can be thousands of miles away," |r yet back to the office in a second with the new a ->4 v^ *^SM!iH|P&.. r
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      46 32 is| Who is r r hind §l|f AN AUPEMAKS PI(.II I I WATCH? Roy;ll 1 i vr Ji*l f. I 11, I I I.\ t II.: I ,i ''i .llill". fidlitt \.<l >i H 1 t I I 111 It\ jl t-; U t I «MM
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      164 33 Citibank Commerce The new business force Putting banking into e-commerce. Citibank Commerce www.citicommence.com is a revolutionary new e-commerce business solution which combines transaction banking services with web-based buying and selling, thus delivering a secure, end-to-end financial solution. Citibank Commerce has taken cutting-edge technology and added it to the power of
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      86 34 i|% sis $jy 1 Nied i home? jp. ~Q. a- Ir~ Jj\ M V"• 4 I •V* J 1 I /kV£L(X^\'' hj? f~*- f Call Keppel 2 22-8*22 2 fall Ti>*:oi;Mi■/'<' 'j&S WCf"'" "V 4 Ths toughsst port about owning horns, Is getting started. That's why ws bsllsvs In offsrlng
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      130 34 ah** M|| o. I BjjH haflHi iTViWitriiT'iii i I^SBv B*/ \B \3B Wj W„>|, JU fry k J it j For a look that says youVe made a smart investment choice, no one can offer you more stable returns on your image than Boss Design. From lavish multinational settings to
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      196 35 WBffl w-¥- v hum n n—mwi r::p Is. V ■■W I: I w- > v ■v *Hr v 'g f- n. h.- t x .v;:. V); fa v <J\: i V i r >0 j (jl) M O 4Zt Eat Sleep Drink Bank < .>■ *i X v m- >
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      219 36 HV Jj?" "sw?" bUb ■EWp j^H 9@r^ s T S3 H^^lnßvßlivVH KHAKlljnnil^l GoMon Shoe MwaMfc lUfflM Tomorrow* World *SB7 Toaav ,J£. V China Square Exchange i-jtsf 33.000 sqm of nett .rjlffHMßy ~~1 W^l lettable area ,M *S^ Str *af «/Markat Street ji|M Wide office span "c^ST* Excellent floor-to- H*«rf of
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      134 37 ':3K > «■P "C K: I fw WmMk?:.?.WmmKßm y3 i W X X X O.K. Good Excellent Outstanding p& v ir V.A V s N *> H*?- 1 <H 'V '*fj!?;T'' *5»» /v.,/ > ;> -5. \t 'IVv'» \> J .-.7 ~*P^ r'iHHSBC. It's a sure sign that you're dealing
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      351 38 f We are now And in celebration, we're offering up to 2% discount on our funds. CMG First State Global 100 Growth Fund ©CMG First State Global Balanced Fund CMG First State Singapore Growth Fund ijjCMG First State AsiaPacific Growth Fund tCMG First State Regional China Fund v V CMG
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      96 39 ANOTHER JSJPPf HP iRRIRF wPRir ffl|j|Rr SBPliliP wKftUT h HBI ■■■I ■HBK BBBBH 8888 '■j&f BBP" HHBHHBHMr V^BHV" Tf'.ASR'W PV > W > l.'> a; h *y.- ijjf -V v v Internet Capabilities on Digital Copiers The latest Imaging Solution from Canon Introducing the new Copying and Super High 2400
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      109 40 'a® demonstrated why more successful, mmrn use ICC for financial solutions.' With its wealth of experience, more and more specific needs. Whether it's export or domestic growing businesses are turning to IFS as a factoring, accounts receivable financing, working comprehensive financial services provider. And it's capital loans or hire purchase.
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      245 41 4 4 -v'., -Mfc. m- m MR mm m■ m jgg mk Mm ■II I I jB" IVI a JrikZ&Le& SjsSSSB Tl{ ?|S¥,S* 1 3r? jag" k? p' x Ip /NT Hf "-'"X JiV**.*■ x v IHHHPP I<*.t 1 #;*«< < mmt>-A- i »1 fei. Ift y» i Br V
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      191 42 Ironic it may be but the Passat is a car you'li love for its responsive power, Tiptronic transmission and agility to get you to your destination in a hurry. Yet, it'll give you a yearning desire to be in it forever. And for good reasons too. Its seats, in luxurious
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      78 43 i )1 THE WORLD'S LEADING ?fT,, V > OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Sin... 107S -n,r •Id-.vd* St.itt of Over 2/5 "lUlti i' V .phn.Hl proffssi'jn.lls ifvltwlirwj iffc v»-rs iMrti'.f.! ,v < ountants ih.Htt'fd :lit fh u >-- Incorporation Fees from USSSOO BAHAMAS JERSEY V BRITISH VIRGIN MAURITIUS B
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      347 43 FIVE ARROWS ASIAN ENTERPRISE TRUST Managed by ROTHSCHILD ASSET MANAGEMENT (SINGAPORE) LIMITED AND WHEN TO REAP IS THE KEY TO INVESTMENT SUCCESS. You can already see the green shoots of recovery. All around, right now. Signs that the Asian economies have turned and are ready to grow again. The current
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      98 44 ax CREDITAGRICOLE INDOSUEZ In Singapore for 94 years, we provide: Asset Based Finance Corporate and Investment Banking Services Debt and Capital Markets Equity Stockbroking and Block Placements Foreign Exchange y International Private Banking Wholesale Corporate Banking 4 J i"- k m. CREDIT AGRICOLE INDOSUEZ INDOSUEZ W.I. CARR SECURITIES CREDIT AGRICOLE
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      345 45 When you invest in this part of the world, it helps to know the territory. Th ere's no arguing the fact that in Asia for over 25 years and our i n the current economic climate, expertise has won us many accolades. Asia offers exciting prospects for our analysts are
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      206 48 i i f i -> > '< 4%, t :^uW 880 tan awa y Uijrh- person* 1 .'"fja through m identity automated|wh° bought looking ov gr "■^.i l 3i<"'»- ""'''""i""" :j_B !j^ t, ~U,,,kW#,Crt IJS^ SSSiS^^todat A flKCwww Dont toss H Shred it ~<Jj It could happen to you. Because
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      149 49 tl Rirai A Member Company of if 8 American International Group p H I IB /1 I \m I SB fl| 1 I You put your trust I I in those you j I 9 #>'.■ m fi j/ B IB H HB B 8 9 K You can I
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      106 50 fh». < i.. w t a f- e t r jllck ft wtm i X' l "<- 1\ If- HE.\ iB I Bl Win fantastic holidays 6t prizes with just^^Jr^ Earn mileage points when you trade in our eq.com rewards programme. X 'Promotional offer: Every $100 commission entitles you to
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      130 51 I- I l Risk. Covered by Allianz Group. mw t Wherever you are. Whatever you I do.The Allianz Group is always on 1 1 i jjj 1 your side To us risk management means thinking the unthinkable to I U m prevent risk turning into loss. As one of the
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      112 52 mum t iff #;t 9' 1> i-'fef warn ALFRED DUNHILL &m f LONDON |3? W The AD 2000 Carbon Fibre Fountain Pen The Baby Faceted Watch For Women Wtttm W//Jm f*-. I*"' i *fiw« 'te*- > r .--Jf-'V •> i 'j NGEE ANN CITY THE PARAGON RAFFLES HOTEL ARCADE OUB
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      447 53 -V' I *.fv 1 "^V" .j,* jd? **F I I v I The new Canon MultiPASS™ C5O I performs such a wide range of functions, I you can't just call it a fax machine. I The new Canon MultiPASS™ C5O offers all the ce w >ome dnon MultiPASS™ CSO will
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      273 54 Write On. I V h (and on, and on, and on). j M ishkmll llilll W\\ Far out! Create your own y° u ve 9°t 'y' n 9 around. CDs on the fastest parallel (You don't still own turntable. I Delivers 4x write speed on I n case you MIMB
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      213 55 Traditional home financing may have cramped your style. A Citibank Bridging Loan gives you the home you deserve. Only a Citibank Bridging Loan lets you own a bigger home with absolutely no cash upfront. Now you won't need cash upfront to upgrade to a private property. With a Citibank Bridging
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      228 56 To impress is not eimigh... /Vrtw Sl-lr-L Arouse your true multimedia experience. Make your presentations SCREAM! Be LMSOFT Presenter™ < you to create only H|HH||hhh^^HHß3!!9!!!l9 With the floating Pages the buttons and manipulated using familiar Cut, Copy and Paste buttons > no programming needed, and you D "TV* K >r
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      193 57 Insurance for today's world... C A UNFVERS AL Los Angeles LANGUAGE. v/J r~ cnprLr r-r ||y. r -t f CP n ii. Energy. Innovativeness, Ability to generate growth Positive act'On The power of Kemper. The Power to succeed. KEMPER INTERNATIONAL The giobai world knows no boundaries So coes Kemper international
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      333 58 YOU'VE GROWN YOUR BUSINESS DESPITE INDUSTRY HICCUPS, DOWNSIZING AND THE ECONOMIC CRISIS. ARE YOU ABOUT TO BE UNDONE BY YOUR FINANCIAL SOFTWARE? After everything your business has survived, isn't it ironic that the biggest threat may be lurking down the corridor in the accounting department? The truth is, it's impossible
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      119 59 I I local I sources... I global view. Telekurs Financial provides detailed information on more than 1.2 million financial instruments from over 200 exchanges, t 450 contributors and other primary sources around the world. pricing. In addition, our growing family of products deliver powerful corporate actions. tools which turn that
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      111 60 "Air Chair is used for easing ache and pain, not to add PAIN. I compared and made the right choice The OTO Air Chair.* Made Japan y inflating and deflating various air bags into different shapes, OTO Air Ch air soothes your head. neck, hack waist. thighs and calves without
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      179 61 Today, 50,000 people up for cell phone service mother be far people hop on the messages be the takes million be company the center I '■"cent Technologies ff V I H 89 e Innovations jB I en c;r h hr° r e# °'W miifr I I m ■V 1 k
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      562 62 I As one of the longest established insurance groups in Asia, we look back with pride. For over 125 years combined, we've been helping our policyholders protect and plan for the future. Today we look forward to an even brighter future. Asia Life and Asia Insurance are financially stronger than
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      232 63 J TT ,T- ***** Uniays Corporation It's not that we can't stop working on a client's problem. It's just that we hate to quit when we're on a roll. On Wall Street, momentum is everything. Thafs why we helped design and run a benchmark study to prove our Microsoft* Windows
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      263 63 ONE-STOP FINANCING FOR ALL YOUR PERSONAL NEEDS ■V I jBESSf Bmui k I I A variety of loan plans at attractive rates A variety of loan options at low interest for executive condominiums, apartments rates will put you in the driver's seat fast, and houses. Hl yA I:, me m&
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      61 64 ft CtNet the one and only interactive insurance system which puts "CITYSTATE" in the forefront of e-commerce technology by bringing our products and services to the doorstep of our business producers. Peter T.H. Koh, Managing Director i 51 Club Street Citystate House Singapore *****8 Tel: 221 8611 Fax: 226 3360
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      253 65 hbi x j| I he world is getting smaller. The Internet is fast becoming -ft IPHV an undeniable part of our life. The paradigm governing jp>.J jjf Jp HH competition is changing. Rl Time to re-invent. Time to secure your relationship with customers. Time to offer customers what they want
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      238 66 B§j Choice Date Time Deposit 1999 SEPTEMBER AM [SATURDAY MsA}! START NEW BUSINESS DAY Choice Date is the first time deposit account that lets you choose your own maturity date and enjoy high interest rates. You don't have to be difficult to control money and people. Malik Zainuddin, Senior Accountant,
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      141 67 Kht mmwm m *m& gjju H m ■H flp wV> Emirates, Airline of the Year. See inside for details. For the second year running, Emirates has been voted Airline of the Year at the OAG awards. But to truly understand the meaning of this distinguished award, you need to experience
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      132 67 Make it happen, |J 111 .1 I I BUILDING SOCIETY LTD for your company personal financing CAR LOAN HOME LOAN COMMERCIAL/INDUSTRIAL LOAN SHARE LOAN FACTORY LOAN Call us for that competitive edge! HOTLINE: 320-0168 HEAD OFFICE: 70 Shenton Way; 101-01 Marina House, S pore *****8, Tel: 223-6622 Branches. Ang Mo
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      237 68 Ss Choice Date Time Deposit ggg] a2)iA A.l AAAAA AA AAAAA AAA .15. AARAAA AA A A AAa"-A-" A A A A 1999 JUNE /\R rMONDAY mm- COLLECT NEW CAR DAY Choice Date Is the first time deposit account that lets you choose your own maturity date and enloy high
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      169 69 POWER, SPEED AND NOW, CONTROL. AT LEAST ONE CAR BRINGS ALL 3 TOGETHER. ■HL <&> M We've the perfect recipe for power, speed and control: start with a powerful 3-litre engine and 240 bhp. Add independent double wishbone front and rear suspension. Ventilated brakes and 4-channel ABS. Dynamic Stability Control
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      266 70 Choice Date Time Deposit! V Wn, n n ft H n a ftAARMASJL^AXA&AiLB^BJLAJiaJLRAAJLH.AgAAAAaJIJUIgyW^ 1999 SEPTEMBER AJ3 f THURSDAY MJBO] WEDDING DAY Choice Date is the first time deposit account that lets roil choose your own maturity date and enjoy high interest rates. ?ww® -iH^I When life gets tough, the tough
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      341 71 Video conferencing is a valuable human resource management tool. It fosters collaboration, increases scheduling flexibility, shortens response time and provides access to specialists and experts. y Anc now the latest Polycom Viewstation MP is the most affordable, high-speed, professional multiple-point group video conferencing system connecting up to 4 sites on
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      466 72 v r 3^B^m»J IHB@lEb»Ss^ilil^^BNmL''3™lMßui®R 1 v •Ni B1P& IM«_ -jjaWNB ■Ik iv *wJH .1 ♦»Eg3g<M|fcfJt^^^_ MSkk -1 i, RjhC?Lgt SHMBBMHI K£&tf T r m" .u .jHi* JRtzsSr* i «NP iwWirr v%' I^^^BirrTr¥ Jgij MM^^B^^ w 1* Mv lw JSr y i" t IMKIIISI y. r<- *L* f Hßla<* tHiSLfaWtBnA ■■■1
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      294 73 Let s face it. You could be earning more money right now. Whether as an Associate Planner or as a Manager, at First Principal we give you eveiy opportunity to do so. As the leading independent financial planning group, we're exceptionally equipped to provide you with a challenging and rewarding
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      387 74 What's driving the global markets today may be different tomorrow. That's why you need Standard Poor's GLOBALMARKETS.com, real time analysis and commentary service. You get immediate insight into the political and economic events that impact global markets activity, as it occurs, wherever you are, 24 hrs a day. O GLOBALMARKETS.com
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      294 75 Morgan Grenfell i Our CPF-approved unit trusts stand proudly with the best. Despite the recent difficult financial conditions in Morgan Grenfell Asia Premier Trust Asian markets, Morgan Grenfell's Asia Premier Trust This CPF-approved unit trust aims to achieve long term and Lion Bond Fund claimed top spots at the ca
      294 words
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      129 76 Our Singapore dollar time deposits have the hottest rates in town. We can help you make the most of your investments with the hottest rates in town on Singapore dollar time deposits. To receive up to 7.75%* p.a., invest in any of the top-performing unit trusts distributed by Standard Chartered
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      23 76 '*wM«jB3<aEjHEfiu3KBBBfi3^3H|MBWBBMEWHBMBMKHBffi *|j|gjgjjq|ig^|g«H|3raHBW3M^BBB^BMBWHMBKpBaKMMSIKMB« ■*****188 ''ISft. u-fijl IIBBHS, Itl I < Tel: 65-225 2208/Fm: *****32 141, Market Street #09-01 International Factors Building, SINGAPORE *****4 email: eciscs_it@pacific.net.sg
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      343 77 I Before you buy w W |g|| a palmtop computer, pi get a few quotes. 1 I "The Series sis the most flexible and powerful PDA available." j "The Psion Series Is the best I piece we ever 'The Series 3mx is a fast and affordable addition to an already
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      267 78 SAfiYO i. H n mb mm n mm mm mm mm'-warn arf U* ■EBn E BB IR V-JI.E .E E yilbl' Hflfll H| m 1 Im 1H *7 Economically Friendly with 10% less power consumption thanks to increased efficiency and design. t .ggHS^^ liiiiiiii #iiiiriii HiiEnn liiii Ecologically Friendly by
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      317 79 Bridge News, Reuters ATLANTIC Panamax rates were described as drifting and although more inquiry was circulated this was unlikely to have any significant impact on rates, brokers said. "The market needs a shot in the arm," one broker said. Futures closed between unchanged and 10 points up on
      Bridge News,; Reuters  -  317 words
    • Article
      Lock icon MARITIME STOCKS
      284 79 agg m CWT Distribution 1.67 0.03 2537 ChuanHup IIS -0.03 1032 Cosco investment 1.16 -0.02 S42 FrMoht Unta 0J3 0.01 9747 CB Holdings 0.75 -0.03 224 Hal tun Hup 0.80 -0.01 903 IMC HoMkige-MK SAO unch 0 Jay* Holdings 0.96 0.01 1286 Jurono Shipyard 7.95 -0.25 146 KeppelCorp
      284 words
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      Lock icon CUIG sees potential in regional offshore market
      472 79  -  Locally-based firm takes delivery of crew and utility vessel, built by Keppel subsidiary By] Marcus Hand [SINGAPORE] Locally-based CUIG Maritime has taken delivery of its ninth crew and utility vessel to be deployed in the regional offshore market, which it sees as having
      ARTHUR LEE  -  472 words
    • Article, Illustration
      Lock icon NY Port Authority official loves travelling on the job
      611 79  -  SHIPSHAPE By\ Marcus Hand DESMOND Tamaki says that he loves to travel, which is a good thing, seeing that in his job as the regional director for South and South-east Asia for the Port Authority of New York New Jersey, he
      FILE PHOTO  -  611 words
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      Lock icon Wong Kok Siew to take over as Jurong chairman
      458 79  -  He will replace Lna Cheng Eng, who retires at the company's AGM scheduled for June 11 By Felix Chan [SINGAPORE] SembCorp Industries president and CEO Wong Kok Siew is to succeed outgoing Neptune Orient Lines (NOL) chief Lua Cheng Eng as
      458 words
    • LOG Book
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        Lock icon Cosco Pacific's terminal volumes up
        68 79 AFX-Asia [HONGKONG] Coeco Pacific Ltd's combined throughput at its container-terminal operations rose 37 per cent in the first four months 0f1999, compared with a year earlier, the South China Morning Post reported, quoting deputy managing director Kelvin Wong Tin-yau. The company currently has container terminals
        AFX-Asia  -  68 words
      • Article
        Lock icon Great Lakes ships face cargo limit cuts
        133 79 Reuters [TORONTO] A drop in water levels to their lowest point in 30 years in the St Lawrence Seaway system could lead to cuts in cargo limits on Great Lakes ships, a St Lawrence Seaway Management Corp. official said cm. The 2300-km St
        Reuters  -  133 words
      • Article
        Lock icon Shipping organisations in talks
        111 79 [LONDON] More coordination between the principal shipping industry organisations is likely following a second meeting of their chairmen which was held in London recently. According to a statement, the meeting continued the discussion started by Intercargo last October into ways of ensuring the most effective representation
        111 words
    • Article, Illustration
      Lock icon S'pore placed for central role
      877 80  -  TRANSPORT LOGISTICS As transport and logistics become more important, Singapore adopts policies to make it a premier maritime hub By. David Chin The writer is chief executive of Singapore's Trade Development Board and this article first appeared in The Port of Singapore Magazine AS the
      FILE PHOTO  -  877 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      218 80 PAGE ECU Line 6 ACL 6 ECL 4 ANL 3 Ewgreen 6 II Accord 8 FoongSun 8 Appensftip 5 G Link Austral 8 Gemartrans 6 Bala)! Shpo 4 7 6SA 7 H4n i' n 3 B'tang Mas 8 Heung-A 4 CCNI 7 7 CMA 8 ICFS 3
      218 words
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      Lock icon SHIPPING GUIDE
      18506 87 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 16/06 12/07 Kien Hunq KINGOOM CONTAINER KC901S 65-2250U3 To ABIDJAN (ABJ) 2003 Cot* D'lvoire */o* 12/07 Norsui norsul icarai 006S 65 *****33
      18,506 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        773 91 Vtss»i Voy Mo Btrth Arrival Ptpartura Jaraat Nrl 4 353 J6 Kooguk 27.05/1800 ■T Ma CM 17 *****9 Jl Mnguk 27 05/0300 (7 Uml 5 A***** Jt aiongtkl* 27.05/0700 BT Suriati 4 0*0599 Jl alongside 27 05/0500 Diamond A 902 J8/9 alongside 27 05/1600 Fast Lift PV239 PJT5
        773 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1832 91 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Manct Rstls Ship Voy Wo Etb/Btr Ptriod From To From Aci Uty Off! 21/0700 M 24/1500 24/859 24/800 24/1500 24/800 24 24/1700 27/0459 27/0900 21 24/1700 27/0659 27/0900 J 27/0700 27/1159 27/VIOO 4 27/1200 27/1459 27/1700 AnJfytUrU 009 29/0400 U
        1,832 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        175 91 May 29 Indonesia: Waisak Day. Hay 81 Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment. JOB 3 Austria: Corpus Christi. Job 5 Denmark: Constitution Day. Jon 14 Australia: Queen's Birthday.. Jim 18 Hong Kong: Tuen Ng Day. Jim 20 Finland: Midsummer Eve Holiday. Jin 26
        175 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        807 91 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        807 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        414 91 Carbon ISO Max 990.3 0.9 18.7 0.08 75 0.06 Iter 20 OtMltT Wttar ResMae Ash Aluminium Sediment No above E25 0 0 8 0 0 0 380 Aw 987.5 0.4 05 0.06 35 0.02 [n, 380 Mm 992.5 10 19.4 0.09 90 0.04 M/W» »M/M »M/M
        414 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon Boeing close to US$4b order from China Airlines
        323 92 Asian order the US plane maker's biggest since region's economic crisis started Bloomberg [SEATTLE! Boeing Co is close to a US$4 billion (Ss6.B billion) order for 747 and 777 jetliners from China Airlines, marking the No 1 aircraft maker's biggest Asian order
        Bloomberg  -  323 words
      • Article
        Lock icon Taiwan's high-speed rail may not be ready as scheduled
        267 92 AFP [TAIPEI] Taiwan's first high-speed railway may not be operational in 2003 as planned because the winner of the US$l3 billion (5522.1 billion) project seems to be having difficulty raising funds, the transport minister said. "Apparently the raising of funds by
        AFP  -  267 words
      • Article
        Lock icon Virgin's profit above £100m: report
        162 92 Reuters [LONDON] Annual profits at Virgin Atlantic airline, owned by British entrepreneur Richard Branson, have leapt to more than £100 million (***** million), the Guardian newspaper said yesterday. Virgin's final profits for the financial year would be announced in the next few weeks but the
        Reuters  -  162 words
      • Article, Illustration
        Lock icon Ansett's returns from Olympic sponsorship hit A$650m
        427 92 Reuters [SYDNEY] Australian airline Ansett said it had already achieved commercial returns of As6so million (*****.5 million) in new and protected sales from its sponsorship of next year's Sydney Olympic Games. Glenn Robertson, Ansett's Olympics general manager, said the airline was aiming for
        Reuters; FILE PHOTO  -  427 words
      • Article
        Lock icon China to buy US air flight safety system
        143 92 Reuters [BEIJING] China will buy a ground-to-air communication network system from the US ARINC Inc to improve flight safety, the Xinhua news agency reported. A deal to buy the system was signed on Friday by the Civil Aviation Administration of China (CAAC)
        Reuters  -  143 words
      • Article
        Lock icon FDX unit to test business to residence delivery
        249 92 Bloomberg [PITTSBURGH] FDX Corps RPS Inc. the No 2 US smallpackage ground carrier, will test a new service designed for companies that ship to residences as it tries to grab more of the booming market for electronic-commerce orders. Less than 10 per
        Bloomberg  -  249 words
      • Article
        Lock icon FedEx slashes rates for S'pore shipments
        286 92  -  By. Marcus Hand [SINGAPORE] US express carrier Federal Express (FedEx) is slashing its rates by up to 30 per cent for shipping packages from Singapore to destinations worldwide. The rate cuts, which begin on June 1, are for shipments from Singapore only. Malcolm Sullivan,
        286 words
      • Article
        Lock icon India's first airport to be built partly by private funds opens
        433 92 Reuters, AFP [TRIVANDRUM, India] India's president on Tuesday inaugurated a new state-of-the-art airport in the southern city of Cochin, the first in the country to be built with funding from private investors. Expatriate Indians contributed in a big way
        Reuters,; AFP  -  433 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1830 92 CUT FU6HT CT* FU6H7 ETC LM6374 1450 0F5 2250 BA7381 1930 BA7382 2055 *0325 1450 LH6373 2355 0F81 1930 0F82 2055 LH778 1605 S026 2355 AN8229 2230 NZ4578 1605 LH779 2359 LH6380 2230 S***** 1605 N***** 2359 S0229 2230 M7306 1815 *****8 2359 Amstardam KL837 1455
        1,830 words
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      24 79 Transport logistics: S'pore seeks central role As transport, logistics become more important, S'pore adopts policies to make it a premier maritime hub. Page 2
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      Lock icon Page 79 Advertisements Column 2
      10 79 I Ever wondered how your competitors got there first? I
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      Lock icon Page 79 Advertisements Column 3
      126 79 Boeing close to USs4b order from China Airlines Asian order the US plane maker's biggest since region's economic crisis started. Baok Page P| NEWSHIP AGENCIESPTEUTdH I (A MEMBER OF THE KUOK GROUP) J I ASSISTANT SALES I MANAGER/MANAGER Newship is the agent for DSR-Senator Lines, and is looking for two
      126 words
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      193 80 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, iKray you're always in touch with NYK Real-Time Shipping Information r (global home page) www.nykline.com (for USA rates) wWw.na.nykline.com HOOK"*® SENLIM AGENCIES PTE. LTD. 133, New Bridge Road, *06-09. Chinatown
      193 words
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      Lock icon Page 80 Advertisements Column 2
      785 80 Lines services represented fe*Qey by Members of the Registry o( Accredited Shipping Agents \°in Singapore Shipping Association Members d the Singapore Freight Forwarders Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES JL r—- dfc SINGAPORE to BATAM, BINTAN, KARIMUN, /fig i SINGAPORE to BANGKA ISLAND J SINGAPORE to CILEGON SAMARINDA/BAUKPAPAN/BANJARMASIN
      785 words
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      1172 81 1 SAX SERVICE (DIRECT) vcsa wr siro ux oa« o*l hou oo col mbr «i ntc APlSPffi 01 IE 26/05 10/06 15/06 15/06 15/06 15/06 16/06 16/06 17/06 17/06 AftTUWUOBE 025t 02/06 17/06 22/06 22/06 22/06 22/06 22/06 22/06 23/06 23/06 AFISAMOHYX 0121 09/06 24/06 29/06 29/06 29/06 29/06 29/06
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      Lock icon Page 81 Advertisements Column 2
      2121 81 ®HANJIN SHIPPING ikFl iMsNMIM -UH *****30 HANJIN SHIPPING (S) PTE LTD fc* l«pi cm KXMING *****35 737 SAIfS *****74 731 DOCUMENT *****71 774 OffUTKMS ********** MAM UK *****55 HU 77WM dHO **********0 M TO NW USA A CANADA USA C/SHADA* RM VSI/VOT I OAM ISM UNEHAUL/VOT SU TTW DO POX
      2,121 words
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      Lock icon Page 81 Advertisements Column 3
      454 81 FULLY COHTAIHHIIIP PIPICATIP tIIVICH ytssa wr_ _s«_ r«6 w sin hkg m. tisn ws KMTC PROVIDES UtT( KEUWC 4075 It/OS 11/05 407N H/05 73/05 75/ OS 77/05 71/05 HTUNOAISWBWTtt 0745 71/05 71/05 30/05 01/E 07/0* BE/*!!! AD RRPAICRIII If agtjjgagß <075 73/05 75/05 W7it 34/05 30/05 oi/e Q4/ot 05/0* nEUULMn
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      1584 82 DSR-SENATOR LINES TO UK/CONTINENT TO MEDTTERRANEANCANADA g wrr m ia htm urn ham owv fu fga wy TUT* m I«h Iro I »c" wi HANJM PORTLAM) WNO2S OIK 11M 11M ill 22 01 MM 24 M CALHMNA KMTtM WM2S UN 2t M 22 M a M 2* H MOT MBUOMSTM
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      815 82 WIAM MAC-NELS S'PORE M SIA Carrier MM COffTR LINES, INC r oudanq: (07) *****26 I-* IV/ J emtKh IWIBB7WIUUIIK 88U: (084) ****** AIAMLA: (832) *****24 PENANG: (04) *****36 BANGKOK: (882) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MDOfc (61) *****3 KUCHWQ (082) *****1-3 BOMBAY I MADRAS
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      513 82 LINE Sr TUtUI34S*NUb«SUII3 MUARA j LABUAN vosa vot nt ra wssa vot m> fu SPOK MIMA SPOM 1M CMMA JC3IVIH/W 21/05 31/05 CMMA JN337 VI2I/99 21/05 01/0* jrtosm vi2i/»oi/o* m/m jpoospbi vra/w oi/ot os/ot CMMAJWJJVI*/W 07/06 10/06 CMMAJNS32 VI3I/W 07/00 11/0* JPROSPB Vl*/» 12/06 IS/06 JPtOSPB VI3I/W 12/0* I*/0* f
      513 words
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      1463 83 VESSEL VOV KMM HKG SIN PKQ PQB PXB DMM BA I BIK IRAN TABATABAEI PCL-5103 12/08 14/05 18/06 10/08 28/08 20/06 30/06 01/06 03/06 IRAN LOREBTAN PCL-5102 10/06 21/06 28/06 26/06 04/06 06/06 06/06 08/06 10/06 IRAN TEYFOiIRI PCL-5104 26/06 28/06 01/06 02/06 11/06 12/06 13/06 18/06 17/06 IRAN BAAKERI
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      1182 83 SdHM to Adaa 1 tyftwti (Via Mai) I A SINGAPORE'S GENERAL AGENTS: 6 SHINTON WAY Til: 226 1900 FAX: *****0® OUTWARD (B/L) ™™Jot!oS^Fß^™ COSTAR SNIPPING PTI LTD #17-oidkilog sales/bkgs *****57/60 inward deft (D/ 0) 4205/ss COSTAR AGENCIES (M) SDN BND a NO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHPHT
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      550 83 CHINA SHIPPING (GROUP) COMPANY |P1 CHINA SHIPPING CONTAINER LINES CO., LTD. 1 FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE WESTBOUND (FIXED WEEKLY SERVICES) VSL VOY I TJW 1 «N I SHA HKO IS'PORtI RTM HAM FXT TRADE APOLLO 9901 16 May 18 May 21 May 24 May 27 May 17Jun
      550 words
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      1354 84 EUWOPEAIK/SCAHDIWAVWFIWUWD/BOSSIA S6P ROM ANW HflG TUP ZEE LHW LHV TUP RDM ANW HBG PKL I SGP E GLOWING RW-061 02/06 24*6 30,116 26*6 26*0 29/06 30/06 E. REACH RE-023 06/05 OS/OS 07H5 MVS 11/05 30.D5 31« E DIVINE RW-OCS 15/06 03*7 08/07 04*7 #6/07 07/07 06*7 E. ROYAL RE #42
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      1080 84 ADVANCE CONTAINER LINES (PTE) LTD A Z TEl_ *****21, FAX *****19, TELEX FtS ***** ACLPI. W FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****60 *****06 CR NO. 16S38M0000E mjomom. i ummmt* jakakta.(t»« vtssa Ivoy gN woe vtsaa vor g*_ YANTKA BHUM (WT) 292N 27/5 Thu 30/5 S»i
      1,080 words
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      526 84 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VOT SIN PIU DUt IJW 1 (FT |KO GOIDBI DtA6O9 VOIR 31/05 W/04 13/04 14/04 17/* wmma vo3ss 10/04 It/oT 22/04 Is/bT W haT HAMUI WACOM V.014S 70/06 2V04 03/07 04/07 07/07 mmivßws VO3SS 04/07 17/07 14/07 11/97 w/07 73/07 GOLDEN
      526 words
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      396 85 BSfl i. M|k MYANMA «BBk FIVE STAR LINE (Myaaaar National Um) *>" Loading for Yoagos (Rangoon) VESSa VOY SIN ni KN KU •AGO VIO9W SU> NUMUMYWE MW 09/04 MALAYSIA AGENTS: 80USTEAD SHIPPING AGENCIES OL- IB (HIMI73M FKL TH (03)*****01 POfc m (04)2****** PGU: m (07) *****21/4 BANK LINE (A Mrvk*
      396 words
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      1358 85 HMM?HYUNDAI MERCHANT MARINE CO., LTD. I VEssa ~voT "ST sou ibi w amt ham tv w. Ivtssa voyisoui ibi rim ant i ham bv ~hT "ST HY COMMODORE 319W 27/05 14/04 19/04 14/04 17/04 THAMES 554E 03/05 M/0S 05/05 04/05 27/05 API PEAK 009W 27/05 12/04 13/04 15/04 11/04 NOLAGAJI
      1,358 words
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      1072 85 > ipecakzed oukxomen Q©§(o](£ Wilhelmsen Lines VA^ TO NORTH AND LATIN AMERKA "*ORO HEAVYUFT SERVICE* (vfSSO I VOY I RAMP HEIGHT I SW lUII CM MA SAV lAL ORF NYC WW MOB TAMPA F9ll 400 tms 6.3 M "2970f "WOT M7OT~ 07/07 «75T*****" W"M76TIWWor TAIABOT F912 400 Taas 6.3 M
      1,072 words
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      811 86 BANGKOK/ MAP TA PHUT/ LAEM CHABAMOI JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP| LCH VESSEL VOY SIN JKT PJN YANTRABHUM 292N "jnpT 30/05 29/05 GURU BHUM ***** ~2a/06 30/06~ KOTA HARTA HTAO3I In Pt 30/05 ANRO JAYAKARTA' 068 20/06 01/Q6 MATHU BHUM 41 ON 29/05 02/06 01/06 AKA BHUM
      811 words
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      395 86 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULI. COWI3UNBW SERVICg a wrl Wtt ai m STD m mi ah «—ii vmnm w/w n/it u/» mwarr i* p/nm/w iy» u/» ?i/» */uv/u ihmbmu in iwii/» n/w b/n ti/i/ n/p usumi l»li7/o*wi*lt7/o*l |w/»;[«/r|w/g|ii/wlFEEDER SERVICE TO INDONESIA va *or sratt suuut* ilmmmk jomuk WWMW6
      395 words
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      700 86 V|:SSHS VOY PKL JH) MLA LB4 RTM HAM Tf* OPT VH£ OE SHANGHAI H3IW 31/06 01AQ6 10W 1M» aMO6 22/06 2V06 2V06 2MH V-LEP'OHIO Y3IW IWj> 06W6 17/06 22A» 2MX ~~2»to6 30/Q6 Q2/OT 00/07 VIXEOEMXOSA V32W 14/06 15/06 24W6 29W6 OMT7 <WOT~ 07/07 OUOT KVQ7 \fILLE DC TANYA TSaftt 23W6
      700 words
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      51 87 NEVMLD^I^S^S/S^^C^/AG^a^^ FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE Turn To Pg 5 CB China Shipping (S) Agencies Pte Ltd INTRODUCING OUR NEW USA TRANSPACIFIC SERVICE Turn To Pg 6 (EVERY MON/WED/FRI) MSC Agencies Pte Ltd For Service From PASIR GUDANG/ SINGAPORE to MIDDLE EAST/VIETNAM Cpp JCC JH CONTAINER LINE Pg
      51 words
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      51 89 VaTAI STqf| Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" C _JU\ Select the port and key in 5 I»1 the four digit code —eg: To New York (NYQ 2275 Key in your fax number Enter your phone number Another Innovative jervke offered by The document Will be SHIPPING
      51 words
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  • Page 91 Miscellaneous
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      120 91 LEGEND R Thunderstorm Temperoture c X\ y Shower Weother Wind (Erection with speed in knots Rom Cloudy Sky Wove h «'9 h Swfoc* »»<h ore indicated by arrows which fly with the wind O T> fu# cird repres nts colm <* and variable wmds One hoK Heche represents 5 knots
      120 words
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      69 92 WANTED BARGES Second Hand Barge for Storing Superior Kerosene Oil (SKO) at Port. Requirement: Three Numbers. Each ABT 5000 M TONS. Seaworthy condition. Terms: Outright purchase Finalisation subject to inspection. E-mail or Fax Barge specifications and price expected for early consideration Contact P.A.S. PETRO PRODUCT Industrial Charcoal Suppliers Kerosene Importers
      69 words
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      5 92 mmmmirm^h Customer at 1900-286 MM
      5 words