The Business Times, 9 June 1999

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Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, JUNE 9,1999
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  • 832 1  -  Big-cap stocks (Sain the most; 2nd-liners seen extending bullish streak today From Shoeb Kagda in Jakarta INDONESIAN stocks skyrocketed yesterday as investors rushed to buy following a violence-free general election, with the Jakarta Composite Index registering one of its biggest single-day gains in its
    Source: Bloomberg  -  832 words
  • 415 1  -  2% snrge helped by peaceful Indonesian polls, strong Dow w Ven Sreenivasan [SINGAPORE] Singapore stocks surged to their highest level In over two years, boosted by the orderly elections in Indonesia and the strong overnight close on Wall Street The Straits
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  • 895 1  -  By' Yang Razali Kassim in Jakarta A VICTORY for Megawati Sukarnoputri will mean at least five months of protracted economic uncertainty for Indonesia as an outgoing Golkarled government will pay little attention to reviving the economy, economists and analysts said yesterday. They say if Ms
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  • 544 1  -  The first of its kind here, Phillip's centre is drawing regular users Wong Wei Kong [SINGAPORE] Phillip Securities has set up a spanking new investor centre in the heart of Raffles Place where investors can trade shares on the Internet
    CHRIS LOH  -  544 words
  • Page 1 Advertisements
    • 127 1 PPgPE Drawn to the bull-run on Wall Street and the promotion of the debt market by the government, fUnd managers in Singapore upped their stocks and bonds allocation, says a MAS survey, PgB .-y > vfakfag fhaay Deputy Prime Minister Lee Hsien Loong, in an interview with Finance Asia, answered
      127 words
    • 39 1 Market reports, Pgs 22-26 A new column on share transactions of directors major shareholders, Pg 18 BA chief hopes to resolve row amicably, Pg 2 MAS sMn iNpar Ml Um ratf Malaysian Airline posts RM7OI m loss, P| It
      39 words
    • 41 1 88 jumps on post-election euphoria, Pg 4 A short-term fillip from Indonesia, Pg 16 I'm allergic to red figures. all. 9 1 pinnmifig Jacobs new chief executive of|feptGne Orient Lines. The shipping lost $438 million last year. Full reports, Pg 17
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    • 4 1 Election Watch, Pg 5
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  • SINGAPORE AT HOME & ABROAD
    • 385 2  -  Chairman voices desire for internal resolution, says there's need to be •very careful' From Ruth Wong in Kuala Lumpur BRITISH Airways (BA) chairman Lord Marshall yesterday sa id he hoped that the heated dispute with Singapore Airlines (SIA) over First Class
      385 words
    • 351 2  -  Byi Conrad Raj SINGAPORE Airlines, in a magnanimous gesture to its employees, is returning in full the annual increments they voluntarily surrendered last year in the midst of the economic crisis. "Because we were able to do much better than feared, I'm
      351 words
    • 1297 2 The Republic has to keep up with the fast-changing financial world or be left behind We reproduce below an interview given by Deputy Prime Minister Lee Hsien Loong to Finance Asia. BG Lee, who is also chairman of the Monetary Authority
      FILE PHOTO  -  1,297 words
    • 298 2  -  EYE OH THE ECONOMY Outlook By Audrey Tan SINGAPORE'S economic recovery is unlikely to be a sharp V-shaped upturn, but rather a slower U-shaped pick-up, say economists at the Overseas Union Bank. But they write in OUB's latest Financial Review that the first-quarter return to positive
      Source: UOB  -  298 words
    • 481 2  -  Reports by, Anna Teo THIS is the year of recovery for the Asia-Pacific region, though the pick-up will only be modest for most of the economies and several downside risks exist, says the Pacific Economic Cooperation Council (PECC). To the
      481 words
    • 348 2  -  By] David Boey ALL 67 freehold apartments at Allgreen Properties' Claremont project, sited at the junction of Killiney Road and River Valley Road, will go on sale tomorrow at an average price of $838 per sq ft. Market watchers noted that this
      348 words
    • 383 2 ECONOMIC growth of 3-4 per cent for Singapore this year is not impossible but too many uncertainties prevail, says the Singapore forecaster Tor the Pacific Economic Outlook (PEO). Hence a cautious forecast of 1.5 per cent growth for 1999. Said Toh Mun Heng,
      383 words
    • 454 3  -  Investments in S'pore, Asean stock markets down: MAS survey By] Marissa Chew DRAWN to the bull-run on Wall Street and the promotion of the debt market by the government, fund managers in Singapore upped their stocks and bonds allocations. The Monetary Authority of
      454 words
    • 355 3  -  By* Clarissa Tan DBS Bank looks set to make the current debit card battle a three-way tussle. The bank intends to launch its own debit cards soon and is in the "final stages" of concluding an agreement with a partner, according to the
      355 words
    • 353 3  -  MAILBAG Desmond Wong Chee Wai via Internet Singapore I WONDER how many Singaporeans really understand the "easy credit" offered by most local or foreign banks, especially on debit or credit cards and readily available cash chequebooks. I had a bad experience recently, and would
      353 words
    • 258 3  -  Henry Lim Singapore I REFER to the letter "Property stocks still unrealistic" (BT, June 4). I think the contents of that letter have relevance to the current "bubbly" property market and they merit closer attention by Singaporeans, especially those anxious about missing the boat. Stock prices
      258 words

  • Page 3 Advertisements
    • 337 3 investing in success at suntec city. Rolf Gerber, Managing Director, ÜBS AG Singapore Managing Director of the Singapore branch of ÜBS AG, Rolf Gerber, was impressed by the vast, column-free space available Suntec City Tower. "When deciding on new office, a big floor plate was a very important factor. The
      337 words
    • 51 3 I we wish to make the world I I a more beautiful place. I I bet's start with your carpet. I All Rotarians, as well as the public, I I are invited to an auction of the most I I exquisite carpets from Central Asia. I Strait Talk TMIBMIIf Shipping
      51 words

  • ASIA ON THE MEND
    • 660 4  -  Net inflow into M'sia stocks at RM2.Bb since Feb but ELSE driven by locals From. Eddie Toh, Diana Oon Abdullah in Kuala Lumpur WITH Malaysia's slidingscale exit tax on funds invested in the stock market falling to 10 per cent
      660 words
    • 238 4 Bernama [KUALA LUMPUR] Prime Minister Mahathir Mohamad yesterday reiterated that the country has no intention of changing the current peg of 3.80 Malaysian ringgit against the US dollar. "We intend to maintain the 3.80 level per US dollar for a long time,
      Bernama  -  238 words
    • 455 4  -  But big gains seen unlikely as test of 551.7050 levels may attract buyers By Larry Wee [SINGAPORE] The Singapore dollar was the biggest Asian beneficiary of spectacular gains in Indonesian financial markets yesterday, rising to a four-week high of 551.7125 against the US
      Source: Bridge  -  455 words
    • 489 4 Action signals Fund's satisfaction with election process Bloomberg [WASHINGTON] The International Monetary Fund approved a US$45O million (***** million) loan installment for Indonesia yesterday, hours after the polls closed in the nation's first free multiparty elections in more than 40 years. The IMF executive board's
      Bloomberg; AFP  -  489 words
    • 432 4  -  From Harish Mehta in Bangkok WITH Thai bank stocks rising, the Thai government yesterday abruptly changed a rule allowing shareholders of banks rescued by the government to buy back preference shares at cost. In a bid to rescue the crippled banks,
      432 words
  • Page 4 Advertisements
    • 165 4 ■y t mV v V<v-" New centre opens to support Singapore students July 1999 will be the 16th successful intake in Singapore of this internationally recognised Manchester Business School University of Wales, Bangor joint MBA. To celebrate the international success of their prestigious programme, the Universities are pleased to announce
      165 words
    • 22 4 Lost your pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. ffs CATS. Bay IL Sal ft. MIL
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  • SOUTH-EAST ASIA
    • 758 5  -  BLBCnOX WATCH Widespread fear of anarchy and provocateurs turns into festival of democracy* By Yang Razali Kassim IN the run-up to Monday's general elections, the mystics were predicting doom and gloom. One pessimistic soothsayer foretold trouble during the campaigns or even on polling day, leading not just to
      758 words
    • 281 5 SINGAPORE Bridge News MALAYSIA'S expression of interest in issuing sovereign debt with partial guarantees from Japan, despite the relative success of its recent US$l billion (Ssl.7 billion) global bond issue, is tacit acknowledgment of the fact that it
      Bridge News  -  281 words
    • 56 5 [JAKARTA] Traders at Jakarta's Stock Exchange catching up on the latest news yesterday on the first day of trading following Indonesia's historic parliamentary elections. Indonesian shares leapt 12 per cent and the rupiah firmed after the country's first democratic election in more
      REUTERS  -  56 words
    • 282 5 ■KUALA LUMPUR Trial adjourned on defence motion to dismiss case AFP THE Malaysian judge hearing the second trial of jailed former deputy premier Anwar Ibrahim lifted a sweeping gag order yesterday before proceedings were adjourned following a defence motion to dismiss the sodomy
      AFP  -  282 words
    • 220 5 KUALA LUMPUR AFP MALAYSIA plans to revive a controversial massive dam project which was deferred during an economic slump, but on a much smaller scale, Prime Minister Mahathir Mohamad said yesterday. "We are going again with the Bakun project, although it
      AFP  -  220 words
  • Page 5 Advertisements
    • 29 5 •FreehoW, going concern Mob 021 581 883 Fu(y Integrated farming B<m 84-8 308 8020 operation Baytoys Rml EaM Ltd MREMZ NTs finest most demanded -Man- duckling Enormous potential. ,j«
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    • 112 5 SPACE IS NEVER A PROBLEM M 11/J.l'.MI Logistics When you've been handling cargo storage From Automated Storage Retrieval for as long as we have, you know how to System for standard cargo pallets to cold S_ maximise space.' stores for temperature controlled goods to fl chemical storage for hazardous goods.
      112 words

  • CHINA – HONGKONG-TAIWAN
    • 455 6  -  Letters of credit scam causes HKs2oom losses for red chip company From Quak Hiang Whai in Hongkong IN one of the biggest cheating scandals involving a major red chip company, the Independent Commission Against Corruption (ICAC) yesterday arrested eight people for an
      455 words
    • 250 6 HONGKONG Reuters A SCHEDULED meeting between the ailing Guangzhou International Trust and Investment Corp (Gzitic) and its creditors at which a financial review and preliminary restructuring plans were to be presented has been postponed. Gzitic's financial adviser PricewaterhouseCooopers (PwC) had been scheduled to release its
      Reuters  -  250 words
    • 522 6  -  NTss.sb deal seen boosting Acer's ailing chip unit From Macabe Keiiher in Taipei TAIWAN Semiconductor Manufacturing Co, the island's No 1 chip maker and the world's biggest contract producer of semiconductors, has agreed to buy a 30 per cent stake in Acer
      REUTERS  -  522 words
    • 263 6 TAIPEI 13.7% gain y-o-y to USslo.6b highest since Sept '97 Bloomberg TAIWAN'S exports climbed 13.7 per cent in May compared with the same month a year earlier as South-east Asia's recovering economies, Japan and the US bought more from Taiwan firms. May exports
      Bloomberg  -  263 words
    • 519 6 TAIPEI Move comes as island gears up to enter WTO and open np economy further Reuters TAIWAN said yesterday it would pool state resources into an emergency fund that could combat volatile international capital flows as the island liberalises its trade
      Reuters  -  519 words
    • 239 6 SHANGHAI AFP CHINA'S beleaguered tax officials are worried that fast expansion of e-commerce could produce an even greater tax evasion disaster in the 21st century, the official Wenhui Daily reported yesterday. In the first large-scale case uncovered to date, the Luohe Taihao Co
      AFP  -  239 words
    • 181 6 HONGKONG Bloomberg THE Hongkong government, facing its biggest budget deficit in more than a decade, has frozen salaries for all its 184,000 civil servants for the 12 months through March 2000, a senior government official said. Secretary for the civil service W K
      Bloomberg  -  181 words
  • Page 6 Advertisements
    • 712 6 AMARA HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that ihe Annual General Meeting of the Company will be held at the Amara Ballroom, Level 3, Amara Singapore, 165 Tanjong Pagar Road, Singapore *****9 on Friday, 25 June 1999 at 10.30 a.m. to transact the following business: AS ORDINARY BUSINESS 1. To
      712 words

  • ASIA
    • 372 7  -  But prospects for recovery in personal consumption still uncertain From Anthony Rowley m Tokyo FURTHER evidence emerged yesterday that Japan's economy has stabilised after nearly 18 months of recession. But signs of a convincing recovery in personal consumption and private capital investment remain
      372 words
    • 155 7 TOKYO Bloomberg JAPAN'S spending to create new jobs and make companies more competitive will amount to about five trillion yen (5571.4 billion), said Ichizo Ohara, a senior ruling Liberal Democratic Party member and Prime Minister Keizo Obuchi's policy adviser. "We need a large
      Bloomberg  -  155 words
    • 50 7 [SYDNEY] A taster dressed as a don/cey being patted on the head by a passing shopper who gave him some money in Sydney's central business district yesterday. As Sydneyprepares itselffor the2oooOlympic Games, the city's burgeoning troop of buskers become ever more inventive to secure passing shoppers'attention. REUTERS
      REUTERS  -  50 words
    • 307 7 ■SYDNEY Lower interest rates, increased investor confidence helping recovery AFP PROPERTY markets in the Asia-Pacific are on the verge of recovery, a survey showed yesterday. Lower interest rates and a perception that the worst of the Asian financial crisis is over
      AFP  -  307 words
    • 251 7 CANBERRA Reuters AUSTRALIAN Treasury officials said yesterday that the government's tax reforms would give a small boost to consumption, and offered a mostly upbeat outlook for the economy. Fronting a parliamentary committee, the Treasury said it was pleasantly surprised by the recent
      Reuters  -  251 words
  • Page 7 Advertisements

  • Page 8 Advertisements
    • 408 8 Pride in Growing with the Nation I Bukfeig Singapore and the Rogntwith Excel A New Milestone es Yongnam moves towl Kranji Company Profile 1999 marks the 28th year of Yongnam's contribution V x towards building Singapore. Over the vwiwi the company 1 X j^Bgr^^B has grown from strength to strength
      408 words

  • Page 9 Advertisements
    • 123 9 I the NatMn _yHH I the Region with Excellence and Quality lilestone as Ymgnam moves towards tlw New Millennium BMBEWM i *****002 aliG i Tower fi n nMM i—A—A* international l MTl^KiiiiiMT^i^i^^B Itt w (Strutting Project Achievements (Mechanical Project Achievements) Bthe achievementsTT) 1 HHHH^H Mobil Refinery Overseas Projects H Ocean
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  • FOCUS
    • 2334 10  -  Clinton's 'Cost-Free Pax Americana' has produced mixed results in Kosovo and offers no clear vision on American foreign policv Bu Leon Hadar [WASHINGTON] FOLLOWING the end of the contest with the Soviet Union, there were expectations in Washington that American policymakers would be
      AFP  -  2,334 words
  • Page 10 Advertisements
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    • 233 10 mM Programme ■||j|||H Executives Managers JW ■mm cdaf post-graduate diploma offered by the Associabon of the Chartered I Certified Accountants which aims to educate non-acoounting professionals j towards a working knowledge of accounting and finance. Graduates from this course will be granted exemptions from some MBA programmes. COAF is a
      233 words
    • 12 10 Editorial: Prloe of Balkan peace, Pg 14 ■1^ TODAY HianheZaobao 4>GB4>ISSS tfctfipi
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    • 174 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASTEC METAL PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the members of the abovenamed
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  • Page 11 Advertisements
    • 156 11 There's only one leader others can't copy Canon. Voted the leading choice* not just in Singapore, but Asia. At Canon, being number one in the minds and hearts of our customers has inspired us to make copier technology work better for you. By pursuing more creative solutions. Designing more innovative
      156 words

  • THE WORLD
    • 428 12 WASHINGTON Revision in line with expectations; April wholesale stocks np another 0.2% Reuters US worker productivity was slightly less vigorous in the first quarter than previously thought as pay rates picked up, the Labour Department said yesterday. Productivity, a measure of the
      Reuters  -  428 words
    • 224 12 NEW YORK Reuters INVESTORS believe the Dow Jones Industrial Average may drop 9 per cent in the next six months, but remain bullish long term, according to a survey released on Monday. More than three-quarters of 500 investors polled from May 17 to May
      Reuters  -  224 words
    • 448 12 NEW YORK Extra lift given by expression of concern by Welteke Bloomberg THE euro posted its biggest gain against the dollar in a month after a larger-than-ex-pected increase in German growth suggested the euro region's biggest economy may be emerging from a slump.
      Bloomberg  -  448 words
    • 146 12 WIESBADEN AFP INCREASED consumer demand and a sharp rise in investment prevented the German economy from slipping into recession in the first three months of the current year, data published by the Federal Statistics Office yesterday showed. Germany's gross domestic product (GDP) grew by
      AFP  -  146 words
    • 364 12 BRUSSELS Reuters THE European Commission said it was to meet pean Union countries yesterday in a bid to allay fears over Belgian food contaminated with dioxin, which has led to blanket trade bans on EU farm produce. "We are meeting with all
      Reuters; REUTERS  -  364 words
  • Page 12 Advertisements
    • 288 12 tHt Cj>. bag the best buys of the century grand lucky draw %','.4:^-g^:-^WW *t! M*. I >PI 1 >W~ Spend $20 minimum at any Grand Draw Participant (sec list below) to win the jfIMMH! Mail to: Locked Bag Service 026, MacPheraon Road Post j Ail rr-1 r fMR Office, (S)
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  • Page 13 Advertisements
    • 180 13 Word of fax has it that Canon is the undisputed leader" in Singapore Fact is, we're the undisputed leader* in Asia. At Canon, being number one in the minds and hearts of our customers has motivated us to make fax technology work better for you. Which means we'll be constantly
      180 words

  • EDITORIAL & OPINION
    • 756 14  -  THE BOTTOM LDVE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared SUPPORTERS of the great post-war drive for European unity used to believe, without much evidence, that the Old World needed an
      756 words
    • 100 14 'We are sure to succeed but I can't say when.' -Aung San Son Kyi on her determination to continue her struggle against the ruling military junta in Myanmar. They seem to have more confidence in Thailand's prospects than Thais themselves.' Chatamongol Sooaknl on news that a US
      100 words
    • 626 14 EDITORIAL IT is strange that Yugoslav President Slobodan Milosevic should be so adamant that a United Nations Security Council resolution has to be passed before he will order his tanks and men to roll out of Kosovo. Up to this point, the UN role in the
      626 words
    • 935 14  -  Chaebol, never keen on restructuring, are becoming bolder in their opposition to it By. Park Donghyun THE Korean economy has recently been showing signs of life. All the major macroeconomic indicators appear to be headed in the right direction, and
      FILE PHOTO  -  935 words
    • 770 14  -  COMMENTARY Not much America hasn't done to replicate the exuberance of stock boom By\ Robert Reno Newsday IF THIS were June 1929, Herbert Hoover would be president, Richard Mellon Scaife's great-uncle would be secretary of the Treasury and a rising stock market would
      Newsday  -  770 words
    • 190 14 lid ftlfiwl '■■fc THE Bank of Scotland has emerged thoroughly embarrassed from its ill-fated effort to get into consumer banking in the US in partnership with television evangelist and politician Pat Robertson. The bank, which pioneered telephone banking in Scotland with a grocery chain, agreed in
      190 words

  • EXECUTIVE LIFESTYLE
    • 554 15 The froglike Jar Jar Binks nettles adults who see it as politically incorrect, but is popular with children LAT-WP [LOS ANGELES] At the centre of discussions about Star Wars: Episode I The Phantom Menace, which reached US$2OO million (*****.4 million) at the box office in
      LAT-WP; FILE PHOTO  -  554 words
  • Page 15 Advertisements
    • 168 15 Where to wine, dine and entertain..;""" -w fc mZlmm&l Enjoy BIG discounts off house-pouring dnnlcs and beets, with tasty snacks, ?jf -.C 'jjQft Catch our talented <_3 local duo, who will f Af\| serenade you with S(f A 1 popular love songs > of today and yesteryear vjnTAT as well
      168 words
    • 74 15 I available for: I private parties I company dinner and dance I conference I seminar and meeting. m HOTEL GRAND CENTRAL LIMITED I 22 Orchard Road/Cavenagh Road, I Singapore *****7 I Tafc 737 9944 Fax: 733 3175 I B_ 1 depend on predictions. Advertise in Wine, Dine Entertain of The
      74 words
    • 21 15 J the sextet from the Philippines V, 7; t f tn n JV V m 0 aFOR RESERVATIONS CALL 433 1232
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    • 158 15 The freshest seafood dishes come with unlimited wine in St. Gregory's Brasserie in the Grand Plaza Parkroval on Friday and Saturday evenings. Delicious Rock Crab with lang Hoon, juicy cold Oysters, Prawns and Green Mussels on ice, Baked Slipper Lobster and many more. Plus as much wine as your heart
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    • 135 15 ■nHpi Coffeehouse floor M0 1, Riffles Place #81-02 Reservations: K» 831 6288 IIIBDHfit^GUING OF THE to 2i >»* >31 Orchard Road. Singapore 2)8867. 7)2 2)61 fa>W> P«y, 2flH\ June IW. Show Dad how much yaw low* hta». fafca him to lha Marrio# Cafe's Sunday Branch. Pricod at $55*~ (wMh km
      135 words
  • Page 15 Miscellaneous
    • 1078 15 CRYPTIC CROSSWORD 1 Seek after as it is —■■■—■*—j|J Lm| 5 Cash has been arranged by lit- i j j 1 j I^l 10 Penny had slight sprain and 1I I I 11 puncture (5) 11 In a robe is ancestor to give a 12 Careless Glen removed infor- hh—■■■
      1,078 words

  • FOCUS: MONEY MATTERS
    • 1131 16  -  But relief over peaceful polls and the resulting euphoria about the rupiah and Jakarta stocks may not last, with the political situation still dicey By Larry Wee THE spectacular recovery in Indonesian financial markets this week can only be good news for the region in
      Source: Hypovereinsbank  -  1,131 words
    • 842 16 IN a survey to project Asian currency trends up to the middle of next year, IDEAglobal.com has found that one relatively safe bet appears to be the Korean won, while the more dramatic currency to favour would be the Indonesian rupiah which
      842 words
  • Page 16 Advertisements
    • 301 16 Currency Interest Rate* Japanese Yen 18%p.a. Australian Dollar 18% p.a. Euro 12% p.a. Ir Get 18% p.a.* a a h di r. British Pound 11% p.a. on your If you're looking for a foreign currency deposit that gives you high I returns, a Citibank Premium Deposit** could be just what
      301 words

  • COMPANIES & MARKETS
    • 593 17  -  New CEO wants mjgor revamp and is likely to bring in outside consultants By I Conrad Raj [SINGAPORE] Neptune Orient Lines (NOL) is undergoing a major organisational change, probably with the help of an outside consultancy, as
      593 words
    • 448 17  -  Counter hits $7 before closing at $&85 after 'non-deal roadshow* By i Catherine Ong [SINGAPORE] The recent explosion in the share price of Pacific Century Regional Development continued unabated yesterday as institutional investors and fund managers flocked to presentations by PCRD boss
      Source: Bloomberg  -  448 words
    • 248 17 [SINGAPORE] Comfort Group has raised its stake in loss-making Barcelona Motors to 80 per cent, from 49 per cent previously. The announcement yesterday confirmed a BT report on May 13. Comfort struck a deal with Sinamex Asia Pacific, the former
      248 words
    • 566 17  -  HOCK LOCK SIEW Wong Wei Kong CORPORATE governance is not something that is high on the agenda of most companies in Singapore. The focus Is usually on sales and profits and perhaps share price performance. But the signs are becoming clear
      566 words
    • 449 17  -  By i Christopher Tan [SINGAPORE] The market's love affair with transport stocks may well be over as suddenly as it ignited. The counters have corrected by as much as 37 per cent since the mid-May rush, which left them with 12-month
      Source: Bloomberg  -  449 words
    • 202 17 [SINGAPORE] The Stock Exchange of Singapore is investigating possible manipulation on Monday of Singapore Telecom's price. Asked what the exchange was doing in the wake of a curious pattern of trading in the Sing Tel stock a minute before the market closed, SES spokesman
      202 words
    • COMPANIES
      • 366 18  -  Move, aimed at more orderly market, takes effect Monday; firms most now detail justification From Eddie Toh in Kuala Lumpur IN a bid to create a more orderly market, the Kuala Lumpur Stock Exchange will now allow listed companies to
        366 words
      • 283 18 [SINGAPORE] City Developments has acquired Garden Hotel for redevelopment into a condominium for $108 million. The purchase will only go through if the 102,200 sq ft freehold hotel site receives approval for a 10-storey residential development with an existing plot ratio of 1.6.
        283 words
      • 472 18  -  From Eddie Toh in Kuala Lumpur MALAYSIAN Airline System, which sank deeper into the red with a net loss of 701 Malaysian ringgit (SS317 million) for the year ended March 1999, has delayed its plan to rejuvenate its fleet through the purchase of
        FILE PHOTO  -  472 words
      • 686 18  -  VIEW Data also reveals selling by directors of broking houses By Louis Beckerling [SINGAPORE] Sellers outweighed buyers in insider transactions on the Singapore market last week, as a net majority of directors and substantial shareholders took profit by selling
        Source: Primark ITA  -  686 words
      • 368 18 [SINGAPORE! Local firm Hlap Seng Engineering yesterday launched Its Sesdaq Initial public offer of 35 million new shares at 28 cents apiece. About 10.5 million shares are available for public subscription. The 24.5 million placement shares including four million
        368 words
      • 245 18 [SINGAPORE] Sesdaq aspirant Allied Components International is slated to raise up to $12 million in a public offer said to comprise some 30 million to 40 million shares priced at 26-30 cents apiece. The company received inprinciple approval from the Stock Exchange of Singapore earlier
        245 words
      • 230 18 (SINGAPORE] Homegrown jeweller Lee Hwa Holdings is expected to raise some $11.5 million in net proceeds from its initial public offer (IPO) to be launched today. BT understands that the group will offer 25.9 million new shares at 49 cents each.
        230 words
    • INTERNATIONAL COMPANIES
      • GLOBAL Briefs
        • 53 19 AFX-Asia [SYDNEY] The Australian Stock Exchange is to sign a cooperation agreement with the Stock Exchange of Thailand later this month, The Australian reported. The pact aims to create a framework for cooperation which includes ASX advice on development of derivatives and options markets
          AFX-Asia  -  53 words
        • 66 19 FT [TORONTO] British American Tobacco (BAT), which on Monday completed its £5.3 billion (5514.7 billion) takeover of Rothmans International, is in talks to buy the 58 per cent of Canada's Imasco it does not already own in a deal worth Cslo billion (5511.7 billion). Imasco
          FT  -  66 words
        • 83 19 Bloomberg [BURBANK, California] Walt Disney Co said it's in talks with Infoseek Corp to buy the 57 per cent of the No 4 Internet search directory that it doesn't already own and may combine it with its own online properties. Disney said it may
          Bloomberg  -  83 words
      • 263 19 Optimism follows NTT decision to quit takeover battle AFP, Bloomberg [LONDON] Cable and Wireless, the British telecoms group, yesterday expressed optimism that it would carry off its cherished long-distance carrier in Japan after Japan's Nippon Telegraph and Telephone Corp said it had pulled out
        AFP,; Bloomberg  -  263 words
      • 376 19 New firm Primex Trading will start in a year, working unlike ECNs NYT [NEW YORK] In a deal indicating that even the largest Wall Street firms are unsure how or where stocks will be traded in the not-so-distant future, Goldman Sachs Group Inc
        NYT  -  376 words
      • 76 19 Bloomberg [SYDNEY] Coca-Cola Co, the world's biggest soda maker, failed for a second time to win regulatory approval in Australia for its plan to buy brands from Cadbury Schweppes Pic. The rejection is another blow for Coke's US$l.l billion (Ssl.9 billion) purchase of brands from its
        Bloomberg  -  76 words
      • Article, Illustration
        76 19 [NEW YORK] Singer Rod Stewart (centre) heading a ball down to thefloor of the New York Stock Exchange (NYSE) on Monday during a visit to mark the transfer of SFX Entertainment to the NYSE. SFX, previously traded on the Nasdaq, is the world's largest promoter, producer, and
        REUTERS  -  76 words
      • 219 19 Bloomberg [REDMOND, Washington] Microsoft Corp, the world's largest software maker, surpassed America Online Inc's Netscape unit in Internet browser software market share, a ZD Market Intelligence survey said. Microsoft browser's market share rose to 50 per cent of US personal computers in January
        Bloomberg  -  219 words
      • 393 19 Judge roles it does not have rights to Clipper chip patents Reuters [SAN FRANCISCO] Intel was hit with a setback on Monday in its lawsuit with workstation computer maker Intergraph Corp, when a US District Court judge ruled that it does not have the
        Reuters  -  393 words
    • FINANCE & COMMODITIES
      • 506 20  -  Proposal follows report that central bank may back off from joint rescue From. Harish Mehta in Bangkok THE proposed takeover of troubled Nakornthon Bank by the Bank of Thailand and Britain's Standard Chartered Bank is in jeopardy because the central bank is
        506 words
      • 396 20 Reuters [PHILADELPHIA] Germany's Deutsche Bank AG the world's largest bank in terms of assets since its takeover of Bankers Trust last Friday, said on Monday it could seek a US stock market listing this year and would work quickly to integrate its new partner.
        Reuters; FILE PHOTO  -  396 words
      • 256 20 Bloomberg [MELBOURNE] Investors withdrew AslBs million (Ss2lo million) from Bankers Trust Australia Ltd's flagship retirement fund last month, amid confusion over the fate of the nation's second biggest fUnd manager and growing concern over its performance. BT's total funds managed fell by A 54.5
        Bloomberg  -  256 words
      • 544 20 Increase in seamy banking practices that virtually cry oat for govt scrutiny Reuters [WASHINGTON] A top regulator on Monday urged the US banking industry to "clean up its act", warning that some of its current practices were abusive and could prompt legislative
        Reuters  -  544 words
      • 116 21  -  Simim Reports MSCI Singapore Index Christopher A Podbury, Jardine Fleming THE Simsci futures settled higher yesterday, with market sentiment buoyed by the peaceful conduct of the elections in Indonesia, as well as a gain in the Dow Jones on Monday night. Limited institutional
        116 words
      • 180 21  -  MSCI Taiwan fatnras i Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures rallied for seven consecutive days, posting a gain of 5.4 points yesterday on optimism that export earnings might soar. The Taiex climbed 89.44 points to 7,892.13, paced by technology
        180 words
      • 335 21 ENERGY REPORT Reuters [LONDON] World oil prices consolidated at higher levels yesterday in the wake of hefty market gains over the past two days. Bellwether North Sea Brent blend crude for July was trading six cents lower in late afternoon London
        Reuters  -  335 words
      • 311 21 Reuters London THE euro gained across the board yesterday, helped higher after Bundesbank president-designate Ernst Welteke said the Ecu early 1998 rate of US$l.OB was a good reference rate for the single currency. His comments came after stronger-than-expected firstquarter German GDP, and renewed optimism of a peace deal
        Reuters  -  311 words
      • Article, Illustration
        1214 21 MTEKBAMK CROSS KATES Jun g AS C$Kttoo Ffr Dm m is fmi* Van Won W WWh Nm tt Im6 SfrWTS-M Hmt MM Australia 0.970 6.178 0.635 4167 1242 5.122 28.387 50.181 0.801 7.778 2-509 1.238 34.234 24.962 1134 4.016 LOW ***** 24.400 0 4H 0.660 Canada 1.031 5.648 0.655 4.295
        1,214 words
      • 1605 21 nOOMrOTPEBS Jun8 tU0Hl(Mw»n1»i>q«»<!.3Q—) RSS1 CONTIACTtS CMtefa) dm Ve<WM Opt* Wtt U» iHt Owt) IHrwt J*99 WJB 100 700 ***** 375 IH25 275 Od/fcc» ltt.75 300 1200 Jan/Mar 00 120.55 300 300 Apr/Jw 00 124.00 RSS3CONT«ACT<USc*ts/to Htrnm Opw mt> tm u» i*t (t—mi *t»mt J*99 62.75 (125 42.50 1120 3B Am
        1,605 words
    • Article, Illustration
      1297 22 AFP P Hang Seng *27.47 HONGKONG share prices rose 0.2 per cent yesterday as futures-led profit-taking rolled back initial gains notched up on a strong overnight performance by Wall Street, dealers said. "Profit-taking from futures has pulled back the cash market," said Sean Li, associate director at Amsteel Securities
      AFP  -  1,297 words
    • Article, Illustration
      523 22 Reuters DaeMheaßlaic[~ SHENZHEN'S hard currency B shares ended down after a rapid early rise yesterday, taking a pause for profit-taking after a stamp tax cut fuelled a nearly two-week rally and raised hopes that more good news was in store. The B share index edged down 0.24 point or
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  523 words
    • 308 22 AFP HWPhte TAIWAN share prices rose 1.1 per cent yesterday to the highest level this year on strong buying of technology stocks spurred by positive news from leading computer companies. The Taiwan Stock Exchange Weighted Price Index rose 89.44 points to 7,892.13, following a 2.1 per cent rise in
      AFP  -  308 words
    • 1781 22 Jul Hmt *h 31 Group 7.16 0.07 A B Foodt 4.48 -0.13 A B Parti 2.83 unch Alliance I Leicester 8.74 -0.08 Allied Oomocq 6.13 -0.10 ANed Zurich 8.14 0.10 Anglo American GoM 43.70 uncti ASOA Group 182 -0.01 Bonk of Scotland 8.47 -0.08 Barclays 18.83 0-24
      1,781 words
    • 1577 22 AFP giekkd22S *m 3 SHARE prices in Tokyo rose 0.5 per cent yesterday to their strongest point in three weeks but investors were reluctant to drive the market higher, brokers said. The key Nikkei average of 225 leading issues gained 87.03 points to end at 16,562.92. Turnover was estimated
      AFP  -  1,577 words
    • KUALA LUMPUR STOCK MARKET
      • 7905 23 Law ClUMV Sale 'POO MH> Lew Pit tmM 380 295 Ajinomoto 332 211 134.6 119 M Anqkasa M 8 94 86 80 S 126.8 293 220 Apollo Food Hlq 264 93 105.6 204 lis Berjeya Lend 167 8 1391 167 160 3.4 1157.7 920 450 CtCBintang 810 25 13 810
        7,905 words
      • 314 23 AFP, AFX-Asia PCmiwitaliig+2io6 MALAYSIAN share prices surged 3.3 per cent across the board yesterday on a technical rebound after recent falls, in line with firmer regional markets, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 24.08 points to finish at 755.09 and
        AFP,; AFX-Asia  -  314 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2226 24 BONOS. LOANS ft WARRANTS Last Vol Oay Last Oust* Av« Htgl» Law Strvo Company Sat* **r- COOOI HlgK Law Buy ar Saflar Prka 98.5 3 s 3160 A Acaf ******1USS 83.5 -1 6253 983 823 83 5 84 57.5 4.5 s 3164 Acma ******4 51 *5 2783 52 47 50.5
        2,226 words
      • 179 24  -  WARRANT WATCH -By Ven Sreenivasan THE warrant of engineering firm Linde-teves-Jacoberg has risen significantly during the past few weeks on the back of favourable calls on the company. The instrument gained eight cents to $1.43 yesterday, while the underlying stock jumped nine cents
        179 words
      • 225 24 HONGKONG STOCKS Or Of 32-Wk Last Val Day Last Ouott Mv ON W M M Cap Ht» Law Stno Cam»an> Sata COOO) Mt» L— Buyer t—< Cw W tmi 365 173 5123 COL (2000) MK 340 -5 4 340 340 340 350 8 3.7 2.4 11.5 6583 5124
        225 words
      • Article, Illustration
        708 24 AFP fl Composite Index +7157 INDONESIAN share prices rocketed on post-election euphoria yesterday to close 12.2 per cent higher at a 22-month high, brokers said. A dealer with a regional brokerage described the market surge, which came a day after the peaceful polling, as "crazy". Apart from a general
        AFP  -  708 words
      • Article, Illustration
        881 24 AFP SET Index +10.42 THAI share prices closed sharply higher yesterday, rising 2.2 per cent on sustained gains in finance and bank issues, dealers said. Sentiment was boosted after the index breached a major resistance at 490 points, they said, adding that the bourse appeared on course to reach
        AFP  -  881 words
      • 329 24 AFP PI Manila -HL29 PHILIPPINE share prices closed 0.2 per cent higher yesterday in line with firmer foreign markets, analysts said. The Philippine Stock Exchange Composite Index rose 5.29 points to close at 2,408.30 points. Volume rose to 1.5 billion shares worth 4.64 billion pesos from 1.26 billion shares
        AFP  -  329 words
      • 413 24 AFP H Composite lain +IL2B SOUTH Korean share prices closed up 1.3 per cent yesterday on rotational trading in selected large caps amid prof-it-taking in some blue chips, dealers said. "Although some technical losses combined with persistent foreign sell-offs are expected, the rising trend cannot be reversed," a Samsung
        AFP  -  413 words
      • 663 24 AFP QAnOrfiMrieg +22.7 AUSTRALIAN share prices gained 0.8 per cent yesterday but failed to fully latch on to a big rise on Wall Street, brokers said. The All Ordinaries Index closed the session 22.7 points higher at 2,966.80. The All Industrials Index rose 37.8 points to 5,229.20 and the
        AFP  -  663 words
      • 289 24 AFP Q Wellington -1434 NEW Zealand's share market yesterday failed to respond to US leads and closed 0.7 per cent lower after market leader Telecom Corp went ex-divi-dend. The NZSE-40 Capital Index was down 14.54 points at 2,114.50 on turnover worth NZ$lO2 million. —AFP JMI *t- mm Advant«9t HOS
        AFP  -  289 words
    • 6559 25 Transaction date: Jun 8 Or Or M Wt W UMt Mat Day Last Quot. Dtv D4v YM Nat Cap A*g **9* <•— gjjj» Company Sate COOP) High Law Buyar ggjgr C»r P/t tmt Wtt MULTI MOUSTRY 147 17.5 m b 1000 Acma 50c 142
      6,559 words
    • 1363 25 —-i, —"u. j't: g a MANUFACTUMM U X c 9 n» wkk 1723 124 na n* 120 is n 7 13 112 135.9 '10 45 2051 ASJ HMOS 20c 94 -I 12 95 92 91 94 33 10.9 04 15 5 Mi 91 188 85 2001 AiiimX50t 172 *S
      1,363 words
    • STOCK EXCHANGE OF SINGAPORE
      • 391 26 Starts Voiunw Asia Food&Prop 45,105,000 Lian Beng 5c 43,817,000 LionAsiapac25c 32,058,000 GES Intl Ltd 20c 29,902,000 Twinwood 5c 29,485,000 Mi IntUSIOc 27,296,000 Pot) Lian 10c 25,621,000 CM Telecom HK75c 24,879,000 WahShing HK50c 21,542,000 Hotung lov NT5 21,428,000 Sticks DBS Foreign 54,842,313 G£S Intl Ltd 20c 53,106,840 PacfficCentury 32,726,473 MMI Hldqs
        391 words
      • 610 26  -  STOCK MARKET COMMENTARY Index hits highest level since Feb 1997; Sing Tel and local tranches of bank stocks aid STl's rise By Ven Sreenivasan THE Singapore market's benchmark index yesterday surged to its highest level since February 1997, boosted by
        610 words
      • ON THE ORAPEVIME
        • 187 26 CLSA Global Emerging Markets, a Hongkong-based Investment bank partly owned by France's Credit Lyonnals SA, said It Is reshuffling five senior managers as it transforms from a regional to a global business. Bloomberg reports that CLSA, which over the past two years has expanded Into Latin
          187 words
        • 125 26 FIVE-STAR hotels in India are generally known for their high room rates. But business travellers to Bombay can now stay at the city's newest luxury hotel for an introductory rate of US$2OO (*****) per night. The Regent Mumbai, which had its soft opening last week, is
          125 words
        • 113 26 LISTED acoustic product maker Eastern Asia Technology Ltd, led by a group of Taiwanese businessmen, clearly believes in having its duck and eating it Chinese-style. Its latest annual report has this strategic mission statement: To provide the highest quality sound at the lowest possible cost. This
          113 words
      • Article, Illustration
        60 26  -  By Wong Wei Kong LION Asiapac shares rose 2.5 US cents to U550,255 yesterday on a volume of 32 million shares, compared with its 10-day traded average of 5.93 million units. The daily RSI, Stochastics and MACD indicators suggest there is room for further gains, although the weekly
        60 words
  • Page 17 Advertisements
    • 52 17 NOL chief to focus on core container business, Shipping Times Pg 1 B V LG A R I The Bvlgari-Bvlgari ring Ml In I Bkt gold with double-face central element in black onyx and coral. From SS 1,200. Available in Singapore at Bvlgari. Hilton Hotel 737 1652 Takashimaya Department Store
      52 words

  • Page 18 Advertisements
    • 81 18 HIAP SENG ENGINEERING LTD (Incorporated in the Republic of Singapore on 29 March 1971) INITIAL PUBLIC OFFERING OF 35,000,000 NEW SHARES AT $0.28 EACH Applications for the New Shares may be made on printed Application Forms referred to in the Prospectus dated 8 June 1999. Applications for Offer Shares may
      81 words

  • Page 19 Advertisements
    • 133 19 A s Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one bedroom to a penthouse, are fully furnished. (You only need
      133 words
    • 22 19 A weekly guide to m pubs and lounges, S C' every Friday in O5 The New Paper Fas tads Q tmtm* .J
      22 words
    • 810 19 IME IMM MULTI-ENTERPRISE LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of IMM Multi-Enterprise Ltd (the "Company") will be held at 4.30 p.m. on 2 July 1999 at 2 Jurong East Street 21, Sakura Room, Level 5,
      810 words

  • Page 20 Advertisements
    • 599 20 APOUO ENTERPRISES LTD (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the 31st Annual General Meeting of the Company will be held on Friday, 25 June 1999 at 10.30 a.m. at the Jupiter Room, 3rd Storey, Apollo Hotel, 405 Havelock Road, Singapore *****3 for
      599 words
    • 486 20 f WW WITIII (>) wn LTD (In mamfeara' vohntvy Nquklrton) At an extraordinary general meeting oI u»€ rrwnoßfs 01 ww vornpeny r wo m js#o Atnandra Road »17-00 BP Toaar Shopore UJ^Mon 6 Juna 1999 th» totowing Special Reaohred that the Company ba wound up voluntariy purauant la Section 290(1Kb)
      486 words
    • 1325 20 VENTURE MANUFACTURING (SINGAPORE) LTD (Incorporated in the Republic of Singapore) 1 IMPORTANT NOTICE EXPIRATION OF WARRANTS 1999 TO SUBSCRIBE FOR NEW ORDINARY SHARES OF $0.25 EACH IN THE CAPITAL OF VENTURE MANUFACTURING (SINGAPORE) LTD AT 5.00 PJfl. ON 26 JULY 1999. To: Holders of Warrants to Subscribe for Shares in
      1,325 words


  • Page 22 Advertisements

  • Page 23 Advertisements
    • 106 23 INTERNATIONAL FACTORS (SINGAPORE) LIMITED (Incorporated with limited liability In the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period from June 9,1999 and ending on (but excluding) September 9,1999. (a) the Rate
      106 words
    • 9 23 HOCK LOCK SIEW Takes you behind the news TheßusinessTimbs
      9 words

  • Page 24 Advertisements
    • 96 24 f calling abwit /See...l told\ f The card we're\ the computer I y° u this was a making for Susan 1 I advertised in Sdeal. Yup, we got what V is going to be J VThe Straits Times/ f 1 (we wanted because real nice! J _Sk. Classified. 1 lt
      96 words


  • Page 26 Advertisements
    • 639 26 IfCUPSAL c,, P sal Industries (Holdings) Limited m W'MW'BBMI (Incorporated in the Republic of Singapore) Notice off Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Gateway 1 and 2, Level 2, Pan Pacific Hotel Singapore, 7 Raffles Boulevard, Marina
      639 words
    • 885 26 Short of cash to invest 7 Triple your cash with our Margin Financing! Call DBS Investor Online at 438-1188 today. 88DKSBANK Notice of Annual General Meeting Flextech Holdings Limited NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at The Board Room. Flextech
      885 words
    • 186 26 GARMENT INVESTMENT COMPANY SINGAPORE PRIVATE LIMITED (In Member* Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that the Final General Meeting of the Members of the abovenamed Company will be held at the office of Messrs Ong Teh
      186 words
    • 305 26 Standard Chartered *****,000,000 Negotiable Floating Rate Singapore Dollar Certificates of Deposit due 6/6/2000 In accordance with the provisions of the above mentioned Certificates of Deposit, notice is hereby given that for the Interest Period from 9 June 1999 inclusive to 9 September 1999 exclusive the Interest Rate applicable to the
      305 words

  • SHIPPING TIMES
    • 314 27 Bridge News, Reuters TRADING paused after a significant rise in Panamax rates in the east last week, brokers said. Capesize rates were generally weak in all areas of the market. Handysize trading was thinly spread although there has been an increase in trading for 35,000 to 40,000 tonners
      Bridge News,; Reuters  -  314 words
    • 271 27 flHHHMMHHMNMM Jwi n *f- m CWT Distribution 1.40 OM M3 ChuanHup 1.11 0.02 792 Coa«o Invostmant 110 0.02 334 fraight Unto 0.32 uncft 8790 G8Mo**ngs 0.79 0.03 100 Hp! Sun Hup 041 unch 1164 IMC HoWnq»-HK 5.60 unch 0 JayatMMngs 0.97 0.07 7422 Juronq Shipyard 8.65 -0.05 219
      271 words
    • 574 27  -  Currier needs to be a global company, strong in all trade lanes it operates By. Marcus Hand [SINGAPORE] New Neptune Orient lines (NOL) chief, Flemming Jacobs, said yesterday that the national shipping line's number one priority was to make its core
      CHRIS LOH  -  574 words
    • 317 27  -  ByJ Marcus Hand [SINGAPORE] Belgianowned non-vessel operating common carrier (NVOCC) Ecu Line has a "good" first year of operations in Singapore, and will continue its regional expansion this year. Since setting up in March last year, Ecu Line has become one of the top
      317 words
    • 137 27 AFP [ABU DHABI] A new port is to go into service in the United Arab Emirates (UAE) by the end of 1999 to ease pressure on the capital's Port Zayed, a senior official said. Saeed bin Zayed al-Nahay-an, chairman of Abu Dhabi Seaports
      AFP  -  137 words
    • 679 27  -  STRAIT TALK By Seafarer IT is now several months since the Global Maritime Distress and Safety System (GMDSS) became mandatory for use by ships on international voyages. There have been some port state control detentions of vessels not complying with the
      679 words
    • 98 27 AFX-Asia [MANILA] China plans to build four new crude oil ports where 150,000 tonnage ships or larger can berth, the official Xinhua news agency quoted the Communications Ministry as saying. In a despatch monitored from Beijing, the ministry said they will be at Qidong
      AFX-Asia  -  98 words
    • 1011 28 MALAYSIAN ISLAND IN THE SUN Rebak Marina Resort, one of the Langkawi islands cluster, edges closer to becoming the Mediterranean of the East Bernama [LANGKAWI] MALAYSIA'S efforts to establish itself as the "Mediterranean of the East" cruised a step closer towards reality with the completion of
      Bernama; FILE PHOTO  -  1,011 words
    • 310 28 PACE FoongSun 8 Frota 12 ANL 3 Frt Links 14 Accord 8 L Ahrenkiel M Gemartrans 6 AASCO 12 13 Appenstup 7 clor M AsiaOCL s HaiSunHup 12 Austral 8 Ayant 14 B'taoq Mas 8 """J* BSA 7 Hoe< h bti <1 HubLine 14 Balaji Shpq 6
      310 words
    • 19961 35 thebusinesstimes thebusinesstimes EXPORT ETA ETA Advartlsar Vnut Voyaga T»*»phoo« ETA ETA Advartlsar Voyaga Talaphona SM DasTn Nmm Him» Numb*- Numbar SIN Dast'n Nam# Nam* Numbar Numbar 23/04 8/07 Klan Hung PROSPERITY CONTAIN PC903S *5-*****3 To ABIDJAN (ABJ) 2003 Cot* D'lvolrt 23/o* nm nyk norsul ipanema ows 45-*****23 17/0$
      19,961 words
    • SHIPS IN PORT
      • 595 41 Vessel Voy Mo Berth Arrival Departure j»m m BT Denctpta2 *****9 J1 aloogsxk 09.06/2359 PU 2507 1506 J11 alongside 09.06/2100 Sentoku Ace 3 J4/5 alongside 09.06/1930 BT Afriial *****9 J1 09.06/1000 09.06/2300 BT C Abadi 0199 J1 09.06/0600 09.06/1600 BT USA Beru UUN99 J1 09.06/0930 09.06/1230 Kimtrans1807 54/99
        595 words
      • 1790 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Book Ing/Ba tenet Rstls Ship Voy No Eth/Btr Portod From To Frooo ka Otni <am ivoroo ojmoo w»» owjoo 08/1500 0*/»» 08/1900 a 08/1700 09/0459 WOW a (N/miO 09/0459 09/0900 09/0700 MAIM 09/1400 4 09/1200 09/1459 09/1700 Moot CM* 11/0500
        1,790 words
      • 173 41 Joa 14 Australia: Queen's Birthday. Jim 18 Hong Kong: Tuen Ng Day. Jut 28 Finland: Midsummer Eve Holiday. JoaM Indonesia: Mouloud Prophet's Birthday. Brunei: Maulud. Finland: Midsummer Day Holiday. Jm 30 Brunei: Half Year Bank Closing. Ml Canada: Canada Day. Jul 14 France: National Day. Jul IB Brunei:
        173 words
      • 809 41 THIS report, compiled by Cockett Ma line Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        809 words
      • 347 41 Crton 180 Mu 990-3 U> M.7 O K) 75 0.06 I n— i*.. matmr BmJAm lib 1|imIa1m Mlnffil No ibow £25 0 0 iSi- 380 AW 966.9 0J 0.1 0.06 38 0.02 380 Mu 992.5 0.9 Hi 0.09 90 0.06 Mrtri m/m %m/m WW —aw Mo
        347 words
    • AIR & LAND TRANSPORT NEWS
      • 225 42 Bloomberg [SEOUL] Korean Air Co, seeking to improve its dismal safety record, said it agreed to hire a Boeing Co affiliate to train its pilots. The move marks the first time in recent years Korean Air is turning to other companies
        Bloomberg  -  225 words
      • 75 42 [TAICHUNG] An artist's concept of the eight-seat Bombardier Continental business jet, which is slated to roll off the assembly line in 2001. Taiwan's state-run Aero Industrial Development Corp and Canada's Bombardier Aerospace signed a cooperative agreement in Taichung, central Taiwan, under which the Taiwanese
        AFP  -  75 words
      • 440 42 New service, to begin on Sept 1, part of carrier's West Coast expulsion Bloomberg [CHICAGO] UAL Corp's United Airlines, the world's largest airline, plans to add 30 daily non-stop flights at its recently expanded Los Angeles hub as part of the carrier's West
        Bloomberg  -  440 words
      • 509 42 Business class sections will also have single beds and other perks Bloomberg [LONDON] Richard Branson, the British billionaire entrepreneur, is again trying to trump British Airways by offering a new amenity on his Virgin Atlantic Airways double beds for "business travellers and
        Bloomberg; FILE PHOTO  -  509 words
      • 300 42 BA, govt still in talks on how quickly Heathrow should be opened to competition Financial Times [LONDON] Talks between Washington and London over an "open skies" agreement have been postponed because British Airways (BA) and UK government departments have not agreed on how quickly
        Financial Times  -  300 words
      • 266 42 Bloomberg [SEOUL] Korea Aerospace Industry Ltd, a new company being created by aerospace units of Hyundai, Samsung and Daewoo groups, suffered a setback after creditors rejected its business plan as unfeasible. The Corporate Restructuring Committee, which mediates between more than 210 financial
        Bloomberg  -  266 words
      • 288 42 Reuters [NEW DELHI] The Indian government will consider the sale of up to 40 per cent of its equity in state-run Indian Airlines to a "strategic partner" to raise revenue for the ailing domestic carrier, a senior official said. "The core group on
        Reuters  -  288 words
      • 1728 42 an fUWff ETA FU6HT ETC UMM AH0230 *50 ft—— S090I 1645 $0990 WPS LH6381 '850 0—— H* COW 2048 C2352 0035 MOP I 1 Hand V*741 1310 VH742 0905 AnstwtMl KL843 0435 IU838 2300 S0175 1830 $0176 1405 S023 0705 SOUS 2325 <***** KM 6A973 0945
        1,728 words
  • Page 27 Advertisements
    • 15 27 Exclusive Malaysian resort lores tourists Langkawi's Rebak Marina becoming Mediterranean of the East. Page 2
      15 words
    • 178 27 PESCADORES LINES Owner/Operator/Manager Conventional Cargo Vessels, Tween Deckers, Log Carriers and Bulkers We Welcome All Enquiries!! VESSEL BUILT DWT TYPE BRAVE PESCADORES 1994 6730 GEN. CGO/TWEEN DECKER ELEGANT PESCADORES 1991 6830 GEN. CGO/TWEEN DECKER PARAGON PESCADORES 1999 ***** GEN. CGO/TWEEN DECKER EVER WEALTHY 1986 ***** GEN. CGO/TWEEN DECKER GLOBAL WISDOM
      178 words
    • 242 27 Virgin aims to outdo BA with doable beds Business class sections will also have single beds and other perks. Book Pago The Principals of the Mediterranean Far East Conference (MEDFEC), in the frame of the 1999 Business Plan already announced earlier, at their last meeting held in London on 11
      242 words

  • Page 28 Advertisements
    • 1292 28 I NORTH AMERICA I I EXPORT 1 I OTHER DESTINATIONS 1 S3X SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA fIaAIWARTTASIRVICE) I VKSa VOT LOW OUCH MIUS NOUSXM 04CA60 WW TOM MJKOan Vtsa VOT |S* bsws ACAXTIA mHOtBCO tOBWQ H CAIM4A MMAVWTWA mil* ooaoturociu jtisjs I m/m
      1,292 words
    • 805 28 Lines services representee by Members ftefl'Stry 01 Accredited Shipping Agents 2/ Sngapore Shipping Association Members of the Singapore Freight Forwarders Association Q ULY UNE MALE Ivissa voy in f~iu flu P. KIAN6 SPOKE MAli Empress Uly V 0299 14/06 16/06 24/06 Princess Uly V 0799 30/06 02/07 11/07 1) UNER
      805 words

  • Page 29 Advertisements
    • 1164 29 TO EUROPE FROM EUROPE vessel vor sw urn ut ham i»v sou ht lbi Ivnsa vorlwii m my soil bt len sm THAMES SSSW 11/04 03/07 30/04 01/07 21/04 APLAIMANOME 300E 72/05 19/05 20/05 17/05 10/04 Mosa 527W 12/04 21/04 29/04 02/07 03/07 NOtCYPtINI 01 IE 20/05 22/05 25/05 19/05
      1,164 words
    • 2039 29 OHANJIN SHIPPING ikPl 4. Ik Ewty* Iw -Mb *****30 MANJIN SHIPPING fjj) PTI M> top: b#» tan IOOKIMG *****3S 737 SALK *****74 731 OOCUMHH *****71 774 OftlAJKm *****50 751 ELM IMt *****55 HI *****40 aMO 11 S34f3oo<KMi TO NW USA CANADA USA CANADA* wvu/voy MM sm srhas7yot su tiw |kn
      2,039 words
    • 481 29 »Bsa m_ jm_ pro m sw h«6 e iia his Ivtssfi vor jsiw| pkg ,fIL i HTUWDAISHWIHI 01SS 11/ M 10/ M 10/ M 22/ M 23/ M W|S j flffA llffll ]Sj! IMK HOW6MW6 WIS IVM IS/M MM 10/ M M/M 22/ M 24/ M 2S/M 1 ATI MAMOHA
      481 words

  • Page 30 Advertisements
    • 1698 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfIKKRANEAN/CANADA WV SW La II IW HM Ml M V*«tl VOT UN GIT Sft FOS W.C MTU MEMURSTM MKM2S 07 00 HH M M 27 H M M 30 M PACIFIC SENATOR WMO2O 10 06 27 .00 MOO 01 07 03 07 11 07 PUMAO
      1,698 words
    • 982 30 C—Tlf. CQWfrii LINES, INC P.quoamq;(o7)smsm M\/ VzJ (OM) *****9 MAMLA: (632) *****24 saigas KARACHI MADRAS MV "HELGA WEHR" V. 13A MV "SINAR TIMOR" V.014 ETA SIN: 13-6-99 ETA SIN: 12-&-99 PORT KLANC VANCOUVER MV "BUNGA MAS SATU" V.9069 MV HANJIN KOBE" V.OBOE ETA SIN: 11-6-99 ETA SIN: 13-6-99 Also accepting
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    • 698 30 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VWMI S PORE N SHfVA COLOMBO P KLAN6 MAS TIGA V.IISW 14JUN 22 JUN 21 AIM 04 JUL CAPE CANAVERAL VIO7W 21 JUN 20JUN M JUL 11 JUL TULSIOAS V.llO 21 JUN H JUL 13 JUL 11 JUL I. MAS TI6A V.117W OS JUL 13
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  • Page 31 Advertisements
    • 1476 31 VESSgI VOV KHH HKO SIN PKQ PQB PXO PMM IBA P»K I IRAN BAAKERI PCL-6106 02/06 04/06 06/06 09/06 16/06 10/06 20/06 22/06 24/06 IRAN SHAHRYAR PCL-5106 00/06 11/06 16/06 16/06 26/06 26/06 27/06 29/06 01/07 IRAN BAABAEI PCL-8107 16/06 16/06 22/06 23/06 02/07 03/07 04/07 06/07 06/07 IRAN TAKHTI
      1,476 words
    • 2282 31 WmUt Sailiaf t* Mm IMcMah, 1 a vf-<?>ilh«rtl (fMPwhwfl'**■ .vgij I" SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAT TEL 224 1900 FAX: *****0J OUTWARD (l/U COSTAR SHIPPING PTE LTD «17-mdkkog sales/krgs 420M57/M inward dipt (d/ 0) 4205/ is COSTAR AGENCIES (M) SDN BHD CONVtHTtOHAI *****50/S5 T/SHPMT DtPT 4W5825 TU:M™3SS\UFAfcM *7-3SMI 70
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  • Page 32 Advertisements
    • 1393 32 SfiP ROM ANW HBG THP ZEE LHV I LHV THP ROM ANW HBG PKL SGP E. DIVINE RW-BOS IS/M 03/07 00/07 04/07 00*7 07/07 01/07 E RACER RE-827 10/05 21/05 21*6 22*5 23*5 11/00 12*0 E OaiGHT RW-000 19*0 00*7 14*7 11*7 T2*7 13*7 14*7 lE. REPUTE RE-010 24*0 20*5
      1,393 words
    • 718 32 PACIFIC INTERNATIONAL UNES (PTE) LTD WSiiS ifc 140 Coctl Street •03-00 PIL Building, Singaporß *****0. I CRNO **********06 r|vt«a w>T m M m mn «a w« m T"1 I rwi irruiM 041 12/* 14/4 21/* n/4 30/4 4/7 10/7 11/7 I P.riSmi I HI ll'/l -Tffi- ga M/i i? 7
      718 words
    • 568 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN PU)~ PUB JHB CPT |IQ ■MWQUffll Y.O3SS 13/04 71/04 2S/M 21/06 21/ M 01/07 wmipmGOM tons 20/04 "w/oT 03/07 04/07 ami miitai vends to3ss 04/07 12/07 it/07 n/07 w/07 "n/oT GOIPEW DHAGOW VOI3S 13/07 23/07 27/07 30/07 31/07
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  • Page 33 Advertisements
    • 412 33 i BSA it MHHV MYANMA \BBBk FIVE STAR UNE (MyaiiMor National Llm) Loadiig far Yangoa (Rangoon) vessel voy sin phi pen pgu MAWLAMYIM 84W SU> SAGAIMG MW 10/ M MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL- TU (03)*****00 MIL- Til (03)37**101 PEN: TEL (04)*****02 PGU: TO (07) *****21/4 BANK LINE (A
      412 words
    • 1272 33 HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY j SM j SOU UM WW ANT HAM WW IE Ivesa VOY I SOU I UH I BTM I AWT I HAM I MV 1 HI HS"! WJKS 555W 18/86 28/06 03/07 30/06 01/07 MAS 529 C 21/05 22/05 15/05 18/05 89/86 MOSA
      1,272 words
    • 1106 33 nor>««gian iprndahad oukxomun Wilhelmsen Unes TO NORTH AND LATIN AMERICA *RORO HEAVYUFT SERVICE* Ivissa I vor luw height SW iai at |wu sav oai 1 orf 1 mtc 1 new I eoo SSI Ml 2 ~"7o* "w7orWo; \iwmr~fiwmrM7OT-mrwar TAMPERE F913 4001 m 6.3 M 21/06 25/07 03/01 M/OI 01/01 10/01
      1,106 words

  • Page 34 Advertisements
    • 861 34 BANGKOK/MAP TA PMUT/LAEM CHABANOI JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VQY SIN JKT PJN NANTABHUM" 448N In Pt 12/06 13/06 GURU BHUM 132S ~ln Pt ~a/06 KOTA HARTA HTAO3S 10/06 13/06 GURU BHUM ***** 11/06 13/06 VANTRA BHUM 284N 10/06 13/06 12/06 AKA BHUM 347S
      861 words
    • 421 34 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FULL CONTMNPHCRVKg |vgT| nwr m m w no mm It M, U Imlu/hivm n/n a/it»/» h/w n/p mwmi IWIu/MW/M Ma*/v m/vu/y miww iiU»/ii v/vw/i7 n/B7 mbtmmwbi Im4 hi/87c/vln/wl |)t/g|»vw|n/pgs/w|T" FEEDER SERVICE TO INDONESIA V* VOT »0M UUUH ILMHMW SSUUK MUSMUW3* 7101/H M/N 17/44 11/
      421 words
    • 700 34 VESSELS VOY MN fKL I JB I »A ta I RTM I MAM I Zg SOT VXEOEIMMOSA V32W jjg 16W6 X/OC 28W6 04/07 "QSOT ***** OMOT s** VILLE DE TANYA T32W 22/06 01/07 06AJ7 11/07 IMJ7 IVO7 IMI7 17/07 VKXE DE TAURUS A32W 2M6 2MO» ~WQ7 »Q7 »07 SCoT" |vmD-AQUAWUB
      700 words

  • Page 35 Advertisements
    • 64 35 New Advertisers/services/Agencies NEW SERVICE TO: Refer To Pg 6 Richfield Marine [Bjj Agencies (S) Pte Ltd NEW GUINEA PACIFIC LINE Our Schedules Are On Pg 5 H SWIRE SHIPPING AGENCIES PTE LTD. JEBEL AUI PORT SAID BENGHAZI TRIPOLI TUNIS I ALGIERS CASABLANCA Turn To 14 (EVERY MON/WED/FRI) I Oceanus Shipping
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  • Page 37 Advertisements
    • 46 37 (Retrieve more schedules!) st£) 'ress "1" I JpV Select the port and key in STlaLj the four digit code eg: To New York (NYC) 2275 <£> Key in your fax number 11 your phone number Another Innovative service offered by CTCB document Will be SHIPPING TIMES !3t/
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  • Page 38 Advertisements
    • 145 38 MHnHOiEHiiglAt M^MlM^lMlil {FO *EUROPITsER VK FROM: U.K./ COMTIHEIIT/ MIDOIt EAST TO: FM EACT TAW SKN KKU TMA VBS&/VOY SIN lAEMOMIANG MAMU HONGKONG KE&UNG lUMN STM V33A 25/06 27/0* "X"™ '0/01 "/N MAUYHA- HSH (M) SON tHO TAWAU- CATtKORN RBGNT SVO ■fflTfflWffi ftGßff- jUNjIf AfflMß (HQ gH IHD r. KHANS TIL
      145 words
    • 179 38 SHIPPING LINK i .fil ijllll ■iVI 111 lu |lUJ I L 1 l|ll|l I LIBYA Tonira mnohazi misurata iripou LuuJ |vßsawai| votwo an m on ma turn Imi I w Iwla I w mm sits sffCAusTM m/m w/m flfi wkai ?i/m m/v os/w wao m/bz mm* sin ibtmiuk is/» h/m
      179 words
    • 146 38 ESP LINES WtUIY ICI AMD Fa SttVKl ppwsKpT muas mm OfTTMOMt MMUS UNGCOC, HON6IOW HMCMK, IOTTBSMI lOMAT, COLOMO JAMITA.MAMU M». RUXSTWW mcwn Mai—nww> MGUm COOTMNHttSED INDOMBIMI SHtVICI ygsa/vorAg stow act m w s» f CMMJI /MI V/te IMS 11/15 17/»5 WMII /MUM 11/115 H/t5 IVIS %.UUI»/*n l</K Ifcffi lt/ts WWimm
      146 words

  • Page 39 Advertisements
    • 732 39 _SAMUDERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 C* HO. 1947MMM00 TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Collo/Josoic»/M«l Ch»w/Joolynn/Por«/lwy/Howl« 8 SLGS/WEEK EVERY 4 DAYS [VESSEL |VOY I «M JAK IVESSEL IvOY 181
      732 words
    • 936 39 SIN TO SRI LANKA, INDIA, CANADA, US/IC/OUIF, MEXICO rw 1 m\m\ w I hw mill HOCGH DRAKE /0452 12J04) 11% I 1 1 1 Q3/06 1 15/07 18/07 1 16/08 j 19/08 1 70/08 I 23/08 1 77/0% 101 /09 105 1 hokn am /atsi 07/07 llm 17(07 lt/W W/jj/
      936 words
    • 575 39 CCC* Singapore Soviet Skipping CPL d* 10OSO6MOOOM k\\l WWtiM SUppq PI W33) fWSo^tWWsAry; Qkli/STIMNC VESSEL VOY SIN BOM PNG PKL KOTARATU RTUO47 10/08 23AM TBA 04/07 KEOAH 131N 23AM 30/06 TBA 11/07 KOTA RUKUN RKNO4I 28/06 06/07 TBA 16/07 vessel voy sm calcutta sin SEA SUCCESS 1 15SV 10-11/06 17/06
      575 words

  • Page 40 Advertisements
    • 538 40 I VESSEL VOY SIN TK3ER CLOUD 99A)1 10-11/06 15-21/06 I TIGER ISLAND 715N 13-14/06 18-22/06 27 28/06 I TIGER PEARL 716N 16-27/06 22 26/06 30-01/07 I TIGER SEA 717N 19-20/06 25-29/06 04-05/07 I TIGER BAY 718N 23-24/06 0748/07 I TIGER ISLAND 719N 27 2&06 02-06/07 11-12/07 I IVESSE^^^^VO^^SI^^CA^^SII^I TIGER SPRING
      538 words
    • 856 40 FREIGHT LINKS EXPRESS Tel: *****66 (60 Linos) Fax: *****33 E-mail: flMinOsin9ntt.com.lg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113
      856 words
    • 1031 40 jOQCI (Singapore) Pte Lro CFS Keppel Dislrpk I" OCK Of #42-00 *****13 It 513 #01-121 (j I ®J *> 1U*****000H 1*272 7127 FtrMkf fejH? 3 Ftt43,JH4 Fu: 272 7825 MjZ lm^ry (Malaysia) Sdn Bhd ft* N« *****2-U) f> IS^2 G,AYA **03-754 777* Fu: 03-754 **57 f|}]| IPINANG u 04-2******/1 Fu:
      1,031 words
    • 185 40 FULL CONTAINER SERVICE SIN PASIR QUDANQ SIN DAILY SAILINGS [vessel voy eta pc c*y Iwv leta sw I CHY 1 PROGRESS ***** 06/06/99 mjß 1002* 08/06/99 IWI MP 222 0060S 09/06/99 (WO) 006CN 10/06/99 fTHLJI PROGRESS 1003S 10/06/99 (THU) 1003N 11/06/99 (FN) MP 2*2 ""*****" IM»rt W~ 0561 iT Mm
      185 words

  • Page 41 Miscellaneous
    • 128 41 LEGEND: R Thunderstorm Temperoture c X\ Shower Weother *~S Wmd direction with speed in knots Ro,n u/ Cloudy Sky Wov h Surface winds ore indicated by arrows which fly with the wind One UM circle represents calm or kght ond variable wmds One haH fleche represents 5 knots I— One
      128 words

  • Page 42 Advertisements
    • 79 42 NOTICE TO TRADE INDONESIA PORT ADDITIONAL With the removal of VAT by the Indonesian Government, please be advised that the following participating feeder operators have decided to withdraw the Indonesia Port Additional (IPA) for Jakarta, Palembang and Panjang with effect for all vessls arriving at/departing from Jakarta, Palembang and Panjang
      79 words