The Business Times, 22 June 1999

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Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITMP) wsX&T. 85c SINGAPORE Internet- http://business-tinies.asial.com.sg/ TUESDAY, JUNE 22, 1999
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  • 61 1 JPBSR wmwr-m U BHL33 (+17.63) aaaawnmiß 288L3 (+4.40) U^UETHOOD: STOCK MARKET INDICES Monday Change KLSE COUP 788.02 -«.«1 NIKKEI 17,738l86—+***** HANG SENG 13J»4.23_>H6.96 SET INDfS UISM +19-56 JAKARTA OOMP 7 KM +8A8 MANILA COUP _1,4«.«2 1498 TAIPEI WPI 8,*****—+139.12 SEOUL COMP 8».W +31-27 CISA CHINA B ***** 493
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  • 78 1 P08EX KATES us$ ss US$ 1.709 £(U8$/S$ per 1.596 1726 H'RO(l'S$/S$ per E) 1039 1.776 DM 1.882 1908 YEN 1213 1J98* KM 3800 MM HKS 7.768 0220 BAHT 36 JO 0040 RUP1AH 7,100 0.024 •39t0 Mania PBDOB1ATES SINGAPORE* MS KUALA LUMPUR 7.25 JAKARTA 49.10 BANGKOK 10.90 MANILA 11.00 BONO
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  • 588 1  -  Robust May export figures give market a fillip; turnover hits record 2.87b shares By Ven Sreenivasan [SINGAPORE] The release of strong May export figures fuelled a seemingly unstoppable rise on the Singapore stock market yesterday, with the Straits Times Index breaking through
    Source: Bloomberg  -  588 words
  • 886 1  -  Government move seen as removing overhang of selling pressure From< Quak Hiang Whai in Hongkong THE Hongkong government said it will repackage a large part of its stock portfolio into a unit trust and list it
    886 words
  • 542 1  -  But only if they convert their shares before this Friday liy\ Siow Li Sen [SINGAPORE] Holders of DBS non-redeemable convertible preference shares (CPS) are sitting on a windfall of $2.62 per share if they convert before this Friday but not many are aware of this,
    542 words
  • 378 1 Economists see it as sign that crisis-hit Asian economies have bottomed AFP [TOKYOJ Japan is beginning to soak up goods from its recovering Asian neighbours, with the country's trade surplus with the rest of Asia tumbling 43.9 per cent in May as imports from the
    AFP  -  378 words
  • Page 1 Advertisements
    • 166 1 nngpE Too dips sharply The yen skidded sharply in Asian trading as the Bank of Japan again intervened repeatedly to shore up both the US$ and the euro, Pgs 11m Property Column The government could soon change its mind about casinos in Singapore, which would be good news for struggling
      166 words
    • 5 1 Bank holiday mm decides W
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    • 25 1 Non-oil exports surge 15.5% in May, Pg 2 What happens If private Clob initiatives fail? Malaysia's Securities Commission chief answers that question on Pg 16
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  • SINGAPORE AT HOME & ABROAD
    • 530 2  -  TDB data shows broad-based export recovery; analysts upbeat ny> Audrey Tan MAY'S non-oil exports exceeded most expectations by surging 15.5 per cent from a year ago, ushering in what analysts say could be a period of sustained trade expansion. Figures released by
      Source: EDB  -  530 words
    • 892 2  -  MAILBAG K K Fong Chief Executive i One.Net International Ltd Singapore I REFER to your article, "Those i-One booths: How viable and how reliable are they?" (BT, June 19, Hock Lock Siew column). I would like to thank you for highlighting the
      892 words
    • 195 2  -  Tan Choon Kiat via Internet Singapore I ATTENDED the i-One.net IPO lunch presentation and came away with one conclusion: The management may have been too excited over the IPO and may have neglected the potential risks. I asked the management a question during the Q&A
      195 words
    • 463 2  -  Lew Shiong Fong via Internet Singapore I REFER to your report "Motor traders upset by new emission ruling" (BT, June 19) and would like to voice my impression. You reported that 60 per cent of non-European cars will be knocked out. You did not elaborate
      463 words
    • 64 2  -  Peter Chia Senior Manager, Public Affairs, Stock Exchange of Singapore WE refer to John Tan ChorYong's letter, "Mailing Clob offer papers a waste of money" (BT, June 11). and thank him for his feedback. We would like to clarify that the Central Depository
      64 words
    • 261 2 SINGAPORE Telecom yesterday signed an agreement with Infonet Services Corporation that will make it the exclusive distributor of Infonet's global communications services. Following the agreement, Sing Tel will market Infonet services as a preferred solution to customers requiring fully managed global network solutions. This will
      261 words
    • 253 2  -  BYE ON THE ECONOMY Industry Bu\ Eugene Low THE volume of outgoing international calls continued to rise, growing 4.7 per cent year-on-year in May, according to the latest figures from Singapore Telecom. month, 73 million minutes of inter- liunwuui tain WCIC IllclUtr from Singapore,
      Source: SingTel  -  253 words
    • 536 2  -  liy I Catherine Ong ASIA, with Singapore as the key centre outside Japan, will be the main growth engine for the Citigroup's asset management business, with funds managed expected to double in five years from USS9 billion (5515.4 billion) currently, said
      536 words
    • 244 2  -  iw Teh Hooi Ling SECURITY group Cisco and Singapore Post have teamed up to form a third-party identity verifier for transactions over the Internet. The joint venture, ID.Safe, will provide Certification Authority services, or services that enable different parties doing business in an
      244 words
    • 309 2  -  By Eugene Low SINGAPORE'S electronic commerce industry will be given a boost with the setting up of an institute of e-com-merce in the first quarter of next year. Commerce Net Singapore, which promotes the use of ecommerce here, will establish and operate
      309 words
    • 350 3  -  COMMUKICASIA99 Clients will be able to carry out all ATM functions except for cash withdrawal By Toh Han Shih OVERSEAS Union Bank (OUB) will offer mobile banking services on GSM handphones through Star Hub, when the latter starts its telecom services on April 1
      350 words
    • 374 3  -  Network's a special feature of info-communications show starting today Toh Han Shih YOUTHS aged 14 to 18 from Singapore and Thailand will install and manage a network for electronic commerce. That is one of several new features of CommunicAsia 99, which
      374 words
    • NEWS Roundup
      • 55 3 THE Singapore Commodity Exchange (Sicom) has appointed Simex chairman Victor Liew as its new chairman with effect from July 1. Mr Liew, who is also executive vice-president of OUB Ltd and chairman of OUB Bullion Futures, replaces Lim How Teck, who has been Sicom's director since
        55 words
      • 59 3 IN an item in this column last Friday, we mentioned that Compaq is Singapore Telecom's first and only multinational corporation customer for its asynchronous transfer mode (ATM) service. Sing Tel has clarified that although Compaq is its first MNC customer, it also has other MNC customers using
        59 words
    • 405 3  -  lit! Raju Cheliam MOBILE phone maker Nokia is ready with products and services that use the Internet to offer high-end solutions to corporate and home users in a move to keep it one step ahead of the competition. The company is showcasing a slew of
      ARTHUR LEE  -  405 words
    • 311 3  -  Jennifer Lien CHARTERED Semiconductor Manufacturing yesterday announced a tie-up with leading microprocessor technology firm MIPS Technologies Inc. which will help Chartered customers save time and money. Under their agreement. Chartered can offer MIPS' microprocessor cores directly to designers of "system-on achip" circuits. Such circuits
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  • Page 3 Advertisements
    • 27 3 WHICH NEW CAR IS AVAILABLE WITH TWIN TURBO TECHNOLOGY ON A SIX-CYLINDER 272 BHP ENGINE? 11 is not from BMW. 10l (lie (lliswri (Hill OVCI llw I >(!£('.
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  • FOCUS: PROPERTY
    • 698 4  -  THE PROPERTY COLUMN Casinos might be one of the few things that could lift the tourism sector out of the doldrums By Lee Han Shih FOR 13 years the government has resisted calls to set up casinos in Singapore. There is speculation that it could
      698 words
    • 300 4  -  Sentiment still soft on foreign properties: agents Hy i Carol Eng [SINGAPORE) In contrast to the revived interest in the local property market, an offer ing of international property over the weekend met with a decidedly cool response. About 10,000 people were expected for
      300 words
  • Page 4 Advertisements
    • 312 4 For Sale By Tender investment Sales Prime Redevelopment Site at Meyer Road Site Area 36,078 sq ft J~l nwVPPV May be redeveloped into a J 20-storey hotel with 486 rooms 3 Permitted GFA 151,531 sq ft 4.2 plot ratio Smjaport Kalong y9* Facing Katong Park with s "clIlb ln, excellent
      312 words
    • 376 4 I AMARA CORPORATE TOWER I Brand New 12-Storey Office Tower at 1(H) Tra* Street Floor Area from 9(H) sq ft onwards. Approx. total letta Me space of 50,000 sq I ft. Close proximity to Tanjong Pagar MKT Station, Taxi Stand and Bus Stop. close to Banks, Post Office, Shops and
      376 words
    • 169 4 For Sale Industrial I Modern Warehouse Building at Clementi Loop A 5 store V modern warehouse building with prominent frontage, ideal as a corporate Gross Floor Area: 173,590 sf Tenure: 30 30 yrs wet Oct '93 Excellent carparking and loadinq facilities For enquiries, please contact Sole Marketing Agent 220 3888__
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    • 77 4 \SIN* CATS. Buy It. Sell It. Find It. For Sale Prime Freehold Bungalow Land At Leedon Park (District 10) Freehold land of about 38,000 sq ft Possible to subdivide into 2 good class bungalow development For Lease Republic Plaza 1 Immediately Available Office: Prestigious Business Address Very nicely furnished High
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  • ASIA ON THE MEND
    • 592 5  -  BOJ INTER VEMTION Bat it may climb again if US$ fails to rise through 123 yen, says analyst By Larry Wee [SlNGAPOßE] The Japanese yen skidded in Asian trading as the Bank of Japan once again intervened repeatedly to shore up both
      Source: Bridge  -  592 words
    • 297 5 Exporters' earnings safeguarded by weaker yen Bloomberg [TOKYO] Japan's two main stock indexes closed yesterday at their highest this year on signs that the Bank of Japan attempted to guide the yen lower for the fourth time in 11 days,
      Bloomberg; Source: Bloomberg; FILE PHOTO  -  297 words
    • 493 5 Current rally based almost solely on local money, it says Reuters [KUALA LUMPUR] Malaysian shares are generally undervalued compared with those in other Asian countries. according to British fund manager. Towry Law. "Traditionally Malaysia would have had between 15 per cent and 1£
      Reuters  -  493 words
    • 585 6  -  Growth will be productivity-driven, less prone to crises: M&nu Bhaskaran By. Anna Teo [SINGAPORE] A fairly upbeat picture of Asia's recovery prospects emerged from a conference yesterday the region could start seeing steady, even high, growth in about two years, the
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    • 235 6 AFP [KUALA LUMPUR] Malaysia's manufacturing sales rose 14 per cent year-on-year to 20.4 billion Malaysian ringgit (559.2 billion) in April, the statistics department said yesterday. But manufacturing sales in April dipped 2.7 per cent compared to a month earlier, the department said in a statement.
      AFP  -  235 words
    • 307 6 If they got relief, Japan might not extend loans Reuters (MANILA) Laos, Myanmar and Vietnam, three of Asia's poorest countries, may not qualify for debt relief under an agreement forged by rich nations, an Asian Development Bank official said
      Reuters  -  307 words
    • 230 6 Bloomberg [BANGKOK] Thailand's manufacturing output rose for a fifth month and a slide in private investment is slowing, signs that the economy is emerging from recession, said Deputy Prime Minister Supachai Panitchpakdi yesterday. Manufacturing production in May rose 6 per
      Bloomberg  -  230 words
    • 443 6 Bloomberg [SEOUL] Morgan Stanley Dean Witter Co and Goldman, Sachs Co were hired last year to help the Korean government find foreigners to buy its debt and bad loans. Now, the two firms, along with Lehman Brothers Holdings Inc
      Bloomberg  -  443 words
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  • Page 6 Advertisements
    • 311 6 Templeton afe fu;,- .the space on JP U'li" Templeton Asset Management, had the pick of prime office space. He chose £|U;. at Suntec Tower One. "Location, future developments and expansion possibilities were r key, as well as intelligent building features which facilitated cost efficiencies." A completely integrated complex, Suntec City
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  • SOUTH-EAST ASIA
    • 389 7 KUALA LUMPUR News sets MUI, Pan H 'sia Ind abuzz but they dip on profit-taking after last week's rise Reuters MALAYAN United Industries Bhd (MUI) and Pan Ma laysia Industries Bhd were the most active shares on the Kuala Lumpur exchange yesterday on reports that
      Reuters  -  389 words
    • 160 7 KUALA LUMPUR AFX-Asia MALAYSIAN Prime Minister Mahathir Mohamad said he has no plans to become a senior minister in the government after he retires as prime minister, Bernama news agency reported yesterday. "When I retire, like a good old
      AFX-Asia  -  160 words
    • 330 7 KUALA LUMPUR AFP LAWYERS for ousted Malaysian deputy premier Anwar Ibrahim vowed yesterday to press ahead with plans to cite Prime Minister Mahathir Mohamad for contempt of court. Counsel Karpal Singh told the High Court trial hearing a sodomy charge against
      AFP  -  330 words
    • NOTE Book
      • 88 7 Bloomberg [MANILA] Government of Singapore Investment Corp paid US$49 million (5583.7 million) to become the second-largest shareholder in Filinvest Land Inc, resuming an investment drive in the Philippine property industry put on hold by Asia's recession. Filinvest Development Corp, the parent company of
        Bloomberg  -  88 words
      • 97 7 Bernama [PENANG] National Laureate Shahnon Ahmad, who created controversy over his latest book which contained much vulgarity and profanity, said he has resigned as lecturer at the Universiti Sains Malaysia (USM). He said he was now on leave prior to his resignation which takes effect in
        Bernama  -  97 words
      • 64 7 Bernama [KUALA LUMPUR] The Royal Malaysian Navy (RMN) and the Republic of Singapore Navy (RSN) are expected to resume their joint bilateral exercise code-named Malapura, Navy chief Vice-Admiral Abu Bakar Abdul Jamal said yesterday. Mr Abu Bakar said the exercise, supposed to be held
        Bernama  -  64 words
      • 68 7 AFX-Asia [KUALA LUMPUR] Pengurusan Danaharta Nasional Bhd said it is currently managing non-performing loans totalling 14.3 billion Malaysian ringgit (556.4 billion) belonging to the Sime Bank Group. Danaharta said in a statement the group's non-performing loans under its management comprise RMB.2 billion from Sime Bank
        AFX-Asia  -  68 words
    • 326 7  -  Company fined RM200,000 for not furnishing annnal reports for 2 years A Vow Diana Oon Abdullah in Kuala Lumpur THE Kuala Lumpur Stock Exchange yesterday issued a public reprimand against Rekapacific Bhd, one of three it issued yesterday for various contraventions of its
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  • Page 7 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 325 8 BEIJING Economists also call for closer fiscal/monetary policy integration AFP CHINA needs increased mac-ro-economic adjustments to prevent economic growth from tapering off in the second half of 1999, the China Securities newspaper reported yesterday. Growth in China's exports this year would be stymied
      AFP  -  325 words
    • 145 8 AFP [TAIPEIJ Taiwan is to lift a ban on mergers between financial institutions to sharp en the competitive edge of its financial industry before the island joins the World Trade Organisation, the China Times reported yesterday. As part of proposed reforms, the finance
      AFP  -  145 words
    • 370 8 HONGKONG Estimate of Q3 fall also lower at 6.8% against 6.9% earlier Reuters THE Hongkong government yesterday slightly revised its first quarter gross domestic product (GDP) estimate to a year-on-year drop of 3.4 per cent from an earlier rough assessment
      Reuters  -  370 words
    • 69 8 [TAIPEI] Signs reading Go! President" are erected on the seats of National Assembly deputies from Taiwan s leading opposition Democratic Progressive Party when President Lee Teng-hui gave his last speech detailing domestic developments and ties with China yesterday in Taipei. Mr Lee, the first Taiwan-born head of
      AFP  -  69 words
    • 300 8 HONGKONG Reuters REPRESENTATIVES From Walt Disney Co met with Sun Hung Kai Properties (SHK Properties) Ltd last week to discuss cooperation in building a Disney theme park in Hongkong, the Hong Kong Economic Times said yesterday. The Disney delegation also met with
      Reuters  -  300 words
    • 379 8 BEIJING It eases curbs on acquisitions by both institutions and individuals Reuters THE birth of China's first Securities Law on July 1 is likely to make it easier for individual investors to buy listed companies, industry analysts said yesterday. The law, which mainly
      Reuters  -  379 words
    • SINO Briefs
      • 111 8 AFP [HONGKONG] Hongkong's Democratic Party is considering forging an alliance with a pro-China party in a bid to seize power in the territory, its leader Martin Lee has reportedly said. "We hope ultimately the Democratic Party, possibly joining with other parties, will become the government,"
        AFP  -  111 words
      • 73 8 Reuters [HONGKONG] A judge yesterday delayed the hearing of a petition to wind up a Hongkong unit of China's Guangzhou International Trust and Investment Corp (Gzitic) but ruled that petitioners be allowed to see a group audit report ahead of its issuance to Gzitic creditors
        Reuters  -  73 words
      • 73 8 Reuters [TAIPEI] Taiwan's year-long export decline had clearly bottomed out, with analysts expecting continued recovery for May export orders due to rising Asian demand and persistent strength in electronics exports. A Reuters poll of one overseas and eight local economists forecast on average that
        Reuters  -  73 words
  • Page 8 Advertisements
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  • ASIA
    • ASIA Notes
      • 62 9 AFP [TOKYO] Japanese police have arrested a 71-year-old suspected corporate racketeer for threatening to disrupt a shareholders' meeting at Dai-Ichi Kangyo Bank, police said yesterday. Yukio Kimoto, a right-winger, was arrested on Sunday after he threatened to disrupt the meeting unless the bank cut in
        AFP  -  62 words
      • 76 9 AFP [SEOUL] Masked women members of the Korean Confederation of Trade Unions (KCTU) holding a silent protest as union leaders went on hunger strike in the tents at Myongdong Cathedral here yesterday. South Korean workers staged a new wave of strikes to protest against the
        AFP  -  76 words
      • 68 9 AFP [SRINAGAR, India] The Indian army, flushed with the success of capturing a strategic ridge in Kashmir, yesterday launched fresh offensives to evict cross-border raiders from the territory. The renewed combat came amid a warning that the six-week-old conflict could escalate if the raiders and
        AFP  -  68 words
      • 98 9 Reuters [SEOUL] South Korea yesterday said foreign fund inflows to the country during the first 15 days of June dropped to a net US$6B million (*****.6 million) from a net inflow of US$329 million in the same period in May. The central Bank of
        Reuters  -  98 words
      • 69 9 Bloomberg [TOKYO] Sanwa Bank Ltd said it will buy a 28.7 per cent stake in Dai-Ichi Securities as Japanese banks advance further into the securities business. Sanwa declined to say how much it will pay bankrupt Cho Building for the 67.4 million shares
        Bloomberg  -  69 words
    • 426 9 MELBOURNE Sale of Aussie govt's 16.6% stake approved by senate Reuters INVESTORS are expected to snap up the more than two billion Telstra Corp Ltd shares the government will offer following the senate's approval late yesterday of the sale of an additional
      Reuters  -  426 words
    • 306 9 SEOUL Ex-finance minister, former presidential adviser accused of mishandling crisis AFP SOUTH Korean prosecutors demanded harsh jail terms yesterday for two former economic chiefs, accusing them of mishandling Asia's contagious financial crisis here in 1997. Prosecutors called for a four-year prison sentence
      AFP  -  306 words
    • 305 9 SEOUL Bloomberg TONG II Group, the flagship of Sun Myung Moon's Unification Church, will have to sell its prime Seoul real estate if it can't repay 152.5 billion won (*****.6 million) by the end of the month, the government said. Tong Il's
      Bloomberg; FILE PHOTO  -  305 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • THE WORLD
    • 523 11 COLOGNE Reuters ITALY refused on Sunday to be saddled with blame for the recent slump in Europe's single currency against the US dollar and pointed to signs of recovery in i{s own economy after months of weak growth. Prime Minister
      Reuters  -  523 words
    • 396 11 BONN Reuters EUROPEAN Union and US leaders agreed yesterday to establish an early warning system against trade disputes but they made no progress with their long-standing row over hormone-treated beef. "We discussed the need to have unresolved trade disputes not define our relationship
      Reuters; AFP  -  396 words
    • 308 11  -  Rogue trader said to have sold story for undisclosed sum Prom Neil Behrmann in London NICK Leeson, the former Barings Bank trader, is understood to have sold the story of his life in prison to a British tabloid newspaper. Leeson, 32, is due
      308 words
    • 457 11  -  M SINGAPORE Manufacturers set to cut prices to raise market share Hy- Annette Pau DISK drive revenues will remain flat, or even fall slightly next year, due to escalating price cuts by drive makers clamouring to increase market shares. Revenues are
      457 words
    • 578 11 BONN Proposals would result in 30b marks spending cuts but with no hike in taxes Reuters GERMAN Finance Minister Hans Eichel wants to wrench Germany on to a course of fiscal austerity by cutting government and welfare spending, a policy blueprint
      Reuters  -  578 words
    • 208 11 BRUSSELS Bloomberg THE European Commission said it opened legal proceedings against Belgium for its mishandling of the dioxin food scare, backing up weeks of criticism with formal censure. The EU's executive agency said Belgium broke EU law by failing to inform it and
      Bloomberg  -  208 words
    • 474 11 MOSCOW It also wants to resume paying USsl6b loans in 2001 Bloomberg RUSSIA, encouraged by the leading industrialised nations' pledge to back a massive debt restructuring, will seek to stretch pavments on US$l6 billion <Ss27 billion) in Soviet-era debt over 25 years,
      Bloomberg  -  474 words
    • 167 11 NEW YORK Reuters LONG-TERM Capital Management founder John Meriwether has received permission from a consortium of 14 financial institutions that rescued the hedge fund in September to begin marketing a new venture to investors. the Wall Street Journal reported yesterday. Citing people
      Reuters  -  167 words
  • Page 11 Advertisements
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  • EDITORIAL & OPINION
    • 944 12  -  THIS BOTTOMXJNE OPINION By Susan Tsang The writer is a freelance journalist who contributed this article to BT SO has gold had its day? The International Monetary Fund (IMF) plans to sell about 10 million ounces of its gold and use the
      944 words
    • 97 12 The world is being run by a group of fanatics, fundamentalists who view free trade much as the Tale ban view God as an uncompromising tyrant which must never be contradicted. No ecosystem, no tribe, no nation is too important to be sacrificed on its altar. Their
      97 words
    • 593 12 EDITORIAL THAILAND'S first bankruptcy court which opened last week as part of reforms agreed with the International Monetary Fund, should become one of the pillars of the economy when it gets going fully. c urt will test the new bankruptcy laws, passed in March, that gave additional
      593 words
    • 975 12  -  Developed nations face a drop in number of working age people and lots more retirees By\ Tony Jackson FT WE ALL know that the population of the developed world is ageing. Over the next decade or two. there will be a lot more
      FT; FILE PHOTO  -  975 words
    • 1023 12 For world economy's good THE thawing of top-level relations with Russia is clearly a gain for international stability. Economic improvement stems in large part from the preservation of the open international trading system, which is now helping emerging markets to recover. This is why the endorsement
      1,023 words

  • EXECUTIVE LIFESTYLE
    • 699 13  -  TENNIS With every title has come more arrogance from the 18-year-old liu: Shahiron Sahari IS Martina Hingis the most obnoxious women's champion in tennis history? This might seem to be a big call to make because we didn't really get much coverage of women's
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 902 13 CRYPTIC CROSSWORD ACROSS comeback (5) 1 11 Shield carved in chosen form K fljf H H H H 15 Outline to read prior to a jour--19 People in the wrong can cause IhLhJ L_J__ distress (7) HH 22 In modern times anger is pubmedico (4-6) 9 Nice bill a junior
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  • SPORTS
    • 846 14  -  Payne Stewart triumphs with longest final putt to win the US Open. Dave Anderson has the details DAVE ANDERSON NYT ON the 18th green that was as hard as Payne Stewart's determination, the putt was 15 feet long, slightly uphill, with a slight break to
      NYT; REUTERS  -  846 words
    • 838 14 CRICKET AFP (LONDON) For Steve Waugh and his 10 Australian teammates, one moment above all mattered at the 1999 World Cup. Steve Waugh's lifting of the trophy completed three years of planning and three of dreaming. He held the Cup aloft from the Lord's
      AFP  -  838 words
  • EXECUTIVE LIFESTYLE
    • 867 14  -  SINGAPORE ARTS FESTIVAL Geometry of Miracles is an innovative play on the lifes of Frank Lloyd Wright, Russian philosopher George Ivanovitch Gurdjieff By Parvathl Nayar ONE of the highlights of the relatively thin pickings at this year's Festival of Arts was Geometry Of Miracles by Robert
      FILE PHOTO  -  867 words
    • 364 14  -  liyy Chua Soo Pong THE inclusion of Trisha Brown Company in this year's Singapore Arts Festival was a bonus for dance lovers, as she is one of the unique figures in the American post-modern dance circle whose works have not been seen here before. The curtain-raiser
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  • COMPANIES & MARKETS
    • 574 15  -  Scheme open to all qualifying permanent employees; 1 in 3 eligible in Ist year n,f Wong Wei Kong (SINGAPORE) Singapore Press Holdings (SPH) yesterday unveiled a new share option scheme for all qualifying permanent employees of the group, replacing its existing executives' share
      574 words
    • 381 15  -  w Felix Chan (SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale) yesterday announced a 137 per cent jump in net profit to US$2l.B million (5537.3 million) and said it could list its shares in two to three years. The aircraft leasing associate of
      381 words
    • 325 15  -  Retailer will reconfigure flagship Orchard Rd store Ky Wong Wei Kong [SINGAPORE] Retailer CK Tang yesterday announced a net loss of $7.6 million for its financial year ended March, a sharp improvement from the net loss of $47.6 million it
      325 words
    • 675 15  -  HOCK LOCK SIEW Siow Li Sen IF anyone is looking for clues on how investors will vote on the local banks' proposals on merging their Foreign and Local shares, just look at the strong performance of the stocks. But if
      675 words
    • 386 15  -  Capital base will be used to fund growing regional business /tyi Catherine Ong [SINGAPORE] Nera Telecommunications, the first Western telecoms company to go public in Singapore, plans to raise $40 million to $50 million from its IPO to be launched tomorrow, company officials said yesterday.
      CHRIS LOH  -  386 words
    • COMPANIES
      • 550 16  -  He says he's determined to restore investor confidence in ELSE lir/Htrtsby Eddie Toh in Kuala Lum/mr THE new chief of the Securities Commission is not sure how the Clob issue will be resolved if private sector deals fail to break the impasse
        550 words
      • 269 16 THE new boss of the Securities Commission, chairman Ali Abdul Kadir, yesterday disclosed that a third warrant of arrest has been issued for an individual linked to Soh Chee Wen and Patric Lim. In addition, he said the SC would
        269 words
      • 286 16  -  It'll pay $26.3 m for all but one of Jewel of Balmoral anits Wong Wei Kong [SINGAPORE] Hong Fok Corp, whose controlling family is related to well-known property trader Simon Cheong. is acquiring a luxury apartment block at the prime Balmoral stretch to
        286 words
      • 355 17  -  By] Marcus Hand [SINGAPORE] Neptune Orient Lines (NOL) shares slid 7 per cent yesterday before recouping most of the losses following the announcement last week that it was to embark on a US$5OO million (SsBs4 million) fund raising exercise. The
        355 words
      • 377 17  -  At current prices, the stake of more than 39m shares would fetch RM32Om From Ruth Wong in Kuala Lumpur FINANCIALLY-troubled Ar-ab-Malaysian Corporation Bhd (Amcorp) is negotiating to sell about a 10 per cent stake in its financial group AMMB
        377 words
      • 318 17  -  Active play on other penny stocks steals some of its thunder Carol Eng [SINGAPORE] Lee Hwa Holdings yesterday ended its debut on the mainboard at 83 cents, or a premium of 70 per cent to its offer price. Analysts said
        Source: Bloomberg  -  318 words
      • 242 17  -  By l Christopher Tan [SINGAPORE] The share price of seldom traded Tye Soon went into overdrive on talk that giant Cycle Carriage (C&C) was eyeing a stake in the automotive parts distributor. The stock spiralled to close 16.8 per
        242 words
      • 355 17  -  Firm's statement says substantial shareholder has raised stake again Annette Pau [SINGAPORE) Shares of blue-chip contract manufacturer Venture Manufacturing yesterday surged 16 per cent, or $2.20 to an intra-day and all-time high of $15.70, before closing at $15.30, making a 13.3
        Source: Bloomberg  -  355 words
      • 476 17  -  Minority holders want new EGM to consider extending life of warrants From Diana Oon Abdullah in Kuala Lumpur MINORITY shareholders of Pilecon Engineering have gone to court to try and declare invalid the rejection in late May of a plan to extend the
        476 words
      • 168 17 [SINGAPORE) The three key properties of Shangri-La Hotel are worth a total of $925 million. In a statement to the stock exchange yesterday, the company said its flagship Shan-gri-La Hotel was valued at $602 million as at end May. The property has just completed a $95
        168 words
      • 239 17  -  By. Ang Wan May [SINGAPORE] Sing Net will have a share of Panpac Media.com's new Web site which aims to replicate America's highly successful Yahoo! portal. The move will allow the portal, called Channel Zing, immediate access to SingNet's subscriber base which
        239 words
      • COMPANY Briefs
        • 94 17 [SINGAPORE] Ingram Micro Singapore Inc says it now owns 240.3 million shares and 42 million warrants in Electronic Resources Ltd (ERL), or about 98 per cent of its issued shares and about 97 per cent of its outstanding warrants. Ingram already held 232.3
          94 words
        • 50 17 [SINGAPORE] Venture capital company Nomura/Jafco Investment (Asia) Ltd has sold one million shares of Form Holdings, about one per cent of the issued capital for an average price of 41.69 cents. It now holds 6.6 million shares, comprising a stake of just over 7 per cent.
          50 words
      • 520 17 It is also considering Nasdaq listing for Internet business Bloomberg. Reuters [SINGAPORE] Cable Wireless HKT wants to list shares in Mobile One Asia Pte, the second mobile phone company in Singapore, and its Hongkong interactive multimedia activities, the telecom company's executives said yesterday.
        Bloomberg.; Reuters; AFP  -  520 words
      • 190 17 Reuters, Bloomberg [HONGKONG] Pacific Century Group Holdings Ltd (PCG), Tricom Holdings Ltd and Pacific Century Regional Developments Ltd (PCRD) yesterday ruled out a Nasdaq or Hongkong listing for the group's technology businesses for the moment. In a joint statement, the three companies said it
        Reuters,; Bloomberg  -  190 words
    • REGIONAL COMPANIES
      • 159 18 FT [BOMBAY] India's biggest business house, the Tata group, faces sweeping changes under a review being conducted by Ratan Tata, its chairman. The review could lead to the group which comprises almost 300 companies pulling out of more than half the sectors in
        FT; FILE PHOTO  -  159 words
      • 474 18 It will doable oatpnt of non-memory chips to cushion price swings in DRAMs Bloomberg [SEOUL] Samsung Electronics Co, the world's largest maker of computer memory chips, will spend US$l.2 billion (Ss2 billion) during the next three years to develop other wares, hoping
        Bloomberg  -  474 words
      • 192 18 AFX-Asia [TOKYO] The Tokyo Stock Exchange and Standard Poor's said in a joint statement they will introduce a new equity index for the Tokyo share market. The new index, to be called S&P/Topix 150, will comprise 150 "highly liquid securities selected from
        AFX-Asia  -  192 words
      • 335 18 Telecoms software allows users to download and play games via cell phone Bloomberg [TOKYO] Nintendo Co's stock rose to an eight-year high after the company said last Friday that it would offer telecommunications software allowing users of its best-sell-ing Game Boy
        Bloomberg  -  335 words
      • 64 18 [TOKYO] A prototype robot as small as an ant (smm in depth, 6.5 mm tall and 9mm wide) and which can move around inside narrow factory pipes unveiled in Tokyo yesterday. It is part ofa Japanese government-sponsored micromachine project. In this handout photo,
        AFP  -  64 words
      • 365 18 Bloomberg [TOKYO] Sanwa Bank Ltd, Japan's fourth-largest lender, said it will buy a 28.7 per cent stake in Dai-Ichi Securities Co, as Japanese banks advance further into the securities business. The Osaka-based lender declined to say how much it will pay bankrupt
        Bloomberg  -  365 words
    • INTERNATIONAL COMPANIES
      • 512 19 It may let some electronic orders be executed almost automatically Bloomberg [NEW YORK] The New York Stock Exchange, responding to competition as well as complaints from institutional investors, plans to let some electronic orders be executed almost automatically. The Big Board drafted
        Bloomberg; FILE PHOTO  -  512 words
      • 483 19 Bouygues SA will get control of French mobile operator AFP. Bloomberg [LONDON] Cable and Wireless telecoms company yesterday said it had agreed to sell its 20 per cent stake in the French mobile operator Bouygues Telecom to Bouygues SA for
        AFP.; Bloomberg  -  483 words
      • 244 19 Bloomberg [LONDON] BOC Group pic, the world's second biggest industrial gas company, rejected a joint takeover offer from two rivals which analysts said was probably worth US$ll billion (SslB.B billion) or more. BOC shares rose on speculation that it might still combine with another
        Bloomberg  -  244 words
      • 320 19 Internet, financial service firms are possible partners Bloomberg (LONDON) Reuters Group pic, the world's largest finan cial information provider, is in talks with several potential partners on offering share trading to individual investors through its electronic exchange Instinet. according to
        Bloomberg  -  320 words
      • 299 19 Bloomberg [ARMONK, New York] International Business Machines Corp will develop semiconductor technology that will cut in half the time and money it takes to make specialised chips for devices like networking equipment. The world's largest computer maker said it
        Bloomberg  -  299 words
    • FINANCE & COMMODITIES
      • 475 20  -  Singapore dollar interest rate fatures will be launched soon, says MD lty\ Slow Li Sen [SINGAPOREJ Dec 31 will be a bank holiday after all, said Koh Yong Guan, managing director of the Monetary Authority of Singapore (MAS) yesterday. Speaking
        475 words
      • 335 20 Row with govt over valne of shipments resolved for now FT [LONDON] De Beers, the diamond company, is expected to resume exports from South Africa this week after resolving at least temporarily a three-month dispute with the government in Pretoria over the
        FT; FILE PHOTO  -  335 words
      • 402 20 European banks lag US counterparts in espousing Net and its potential for e-trade Reuters [LONDONJ No major bank has fully prepared for the impact of the Internet on the banking industry, a report published yesterday by accountancy and consulting firm
        Reuters  -  402 words
      • 366 20 Bloomberg [SAN FRANCISCO] Charles Schwab Corp, faced with the planned departure of two senior executives made millionaires by the run-up in its share price, has come up with new ways to keep others from leaving. San Francisco-based Schwab said it
        Bloomberg  -  366 words
      • 294 20 Deal comes six weeks after USs3som other Boston bank deal Reuters [LONDON] Britain's Royal Bank of Scotland yesterday strengthened its position in the United States by acquiring UST Corporation of Boston for around US$l.4 billion (552.4 billion) in cash. Royal Bank
        Reuters  -  294 words
      • 234 20 Study cites their increasing role as providers of liquidity Reuters [LONDON] Hedge funds make above average returns primarily due to better access to markets and information, according to a study released at the weekend. Hedge funds, with collective assets of at least US$325
        Reuters  -  234 words
      • 112 21  -  SOKEXlieports MSCI Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index yesterday surged on stronger-than-expected non-oil domestic export growth for May. The figures showed a rise of 15.5 per cent year on year, triggering buying in electronics stocks. The June futures rallied throughout
        112 words
      • 262 21  -  MSCI Taiwan futures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday rose a hefty 7 points and 7.3 points in the June and July *99 contracts respectively. The Taiex's gain of 139.12 points put the index at its highest
        262 words
      • 285 21 ENERGY REPORT Reuters [LONDON] Oil markets weakened yesterday as Nigerian supply worries failed to distract trader attention from ample global stocks and cuts in refinery operating runs. International marker crude Brent blend was trading 15 cents lower at U5516.35
        Reuters  -  285 words
      • 318 21 Reuters London EURO-NEGATIVE comments from European Commission president designate Romano Prodi unravelled much of the Bank of Japan's work in weakening the yen yesterday, making the dollar the winner in currency markets. Mr Prodi said Italy might find it hard to stay in the euro if the country
        Reuters  -  318 words
      • Article, Illustration
        1036 21 INTERBANK CROSS RATES /T Euf Ffr Dm HH$ )f>d Bs BupUh Yen Won BM W2j P«k Bs Peso S$ B.nd Sir HT$ Pound US$ CM 1044 0 957 5 669 5"S 28.226 46 434 0.800 7.622 2.485 1.226 33.995 24 800 1118 3.917 1.006 21.157 24.133 0 410 0 654
        1,036 words
      • 1889 21 SICOM FUTURES Zn2i RUBBER (futures closing is it 5.30pm) RSS1 cmts/kq) Close Volume Opto Month Low S»tt (tonnes) Interest Jul 99 103.25 100 Aug 99 104.25 300 Sep 99 107.25 800 Oct/Dec 99 m.75 1050 Jan/Mar 00 116.50 300 Apr/Jun 00 120.00 RSS 3 CONTRACT (US cents/kg) Volume Open Month
        1,889 words
    • Article, Illustration
      1456 22 AFP n Ham Sen* +585.96 HONGKONG share prices surged 4.4 per cent yesterday to near the 14,000-point resistance level as investors welcomed the government's plans to sell its substantial share portfolio through a listed unit trust, dealers said. "This is definitely positive for the market," said Sean Li, associate
      AFP  -  1,456 words
    • Article, Illustration
      586 22 Reuters F1 Shenzhen B Index +0.4 SHENZHEN'S hard currency B shares shrugged of! morning profittaking to end higher yesterday, riding on the coattails of a sharp gain in domestic currency A shares, analysts said. The B share index edged up 0.4 of a point, or 0.35 per cent, to
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  586 words
    • 350 22 AFP QWP Index +***** TAIWAN share prices rallied 1.7 per cent yesterday to the highest level this year on strong buying of petrochemicals and paper stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index surged 139.12 points to close the day at 8,413.48 points on a turnover of
      AFP  -  350 words
    • 2352 22 LONDON Mntrials Mm 21 fvu* 31 Croup 7.46 0.14 Abbey National 13 25 a*9 A B Foods 4.48 0.03 A B Parts 3.13 0.04 Aiwci Litcntir 9.18 -0.01 Allied Dcmecq 6.19 0.06 Allied Zurich 8.06 O.IO Anqio American Gold 43.70 unch ASOA Group 2.16 unch Ban* of
      2,352 words
    • 1635 22 AFP |3 Nikkei 225 ****** TOKYO stocks surged 1.8 per cent yesterday to finish at their highest level in 20 months as investors cheered central bank resolve to keep the yen weak and the prime minister's pledge to revive growth. The benchmark Nikkei 225 index climbed 307.59 points to
      AFP  -  1,635 words
    • KUALA LUMPUR STOCK MARKET
      • 439 23 AFP CI Composite Index -0.61 MALAYSIAN share prices fell 0.1 per cent yesterday but ended off earlier lows after late selective buying, dealers said. Dealers said many investors were sidelined in the absence of fresh local leads after a bout of heavy buying last
        AFP  -  439 words
      • 8913 23 INDUSTRIALS Consumer products 1999 Last Vel Day Net Cap High Low Company Sato 'OOO High Law P/I $m« 380 255 A|inomoto 360 22.8 145.9 115 46 Angkasa 115 19.5 861 115 92.5 169.6 293 220 Apollo Food Hlg 286 4 2 286 282 10.0 114.4 204 115 Bariay a Land
        8,913 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 189 24  -  WARRANT WATCH -By Ven Sreenivasan THERE was a sudden surge in interest in Liang Huat Aluminium shares and war rants yesterday. While the share rose 6.5 cents to 58.5 cents on a volume of 46.8 million units, the warrant gained 4.5 cents to 37
        189 words
      • 287 24 AFP n Wellington -L9l NEW Zealand share prices ended slightly lower yesterday after a day of active trading dominated by Brierley Investments Ltd, dealers said. The NZSE-40 Capital Index fell 1.91 points to 2.089.90 on trade of NZ5165.9 million. M| US (OOO) AdvantageHDS 1.61 0 07 206 Air NZ
        AFP  -  287 words
      • 236 24 HONGKONG STOCKS Cr Gr 52-Wk Last Vol Day Last Ouota Oi« 0*v vid Nat M Cap High Low Stno Company Salt (0001 High Law Buyar SaNar Cut P/E SmM 365 173 5123 CDL(2000)HK 330 unch 96 332.5 320 330 332.5 8 3.7 2.4 11.2 6389 4 5124 Cathay
        236 words
      • 2460 24 BONDS. LOANS WARRANTS wt 52-Wk Last Vol Oay Last Oust* Avg High Low St no Company Sal* *ot- (OOO) High Low Buyer Seller Prlc* 98.5 3 3M0 *AcarW0l0731USSUS 05 5 «Ts 830 88 84 85 5 86 69 4.5 s 3164 Acma ******4 68.5 *3 2472 69 65.5 68 5
        2,460 words
      • Article, Illustration
        879 24 AFP P[ SET Index +19.55 THAI shares closed 3.8 per cent higher yesterday on strong buying in telecoms and finance stocks, dealers said. Interest in telecoms was spurred by sharp gains in Thai Telephone and Telecommunication pic after it announced that Shin Corp pic was interested in forming a
        AFP  -  879 words
      • 414 24 AFP PI Composite Index +3127 SOUTH Korean share prices jumped 3.7 per cent yesterday on brisk programme-buying amid a stronger futures market and with investment trust funds hunting for blue-chip bargains, dealers said. However, they said securities houses turned weaker across the board amid concerns about heightening competition on
        AFP  -  414 words
      • 662 24 AFP n All Ordinaries -3J3 THE Australian share market closed down 0.1 per cent yesterday after morning gains fell prey to an afternoon sell-off despite strong gains by newly-floated Internet stock ecorp Ltd. The All Ordinaries Index closed down 3.3 points at 2,981.70. The All Industrials fell 8.4 points
        AFP  -  662 words
      • Article, Illustration
        714 24 AFP Composite Index +&58 INDONESIAN share prices closed 1.2 per cent higher yesterday on the back of foreign buying, with speculative interest in the banking sector, dealers said. A dealer at a local brokerage said market sentiment remained strong because political developments were not worrying investors. "I would say
        AFP  -  714 words
      • 344 24 AFP P Manila +18.98 PHILIPPINE share prices closed 0.7 per cent higher yesterday on aggressive followthrough buying following last week's decision by the monetary authorities to cut interest rates, brokers said. The Composite Index rose 18.98 points to 2,448.62. Volume hit 3.7 billion shares worth 5.4 billion pesos. Lepanto
        AFP  -  344 words
    • 7671 25 Transaction date :Jun 21 52-Wk Last Vol Day List Ouote Div Div VM Net Cap Avg High Low StNo Company Sal* COOO) High Low Buyc MNr C'vr Pft. $mtl Prtc* MULTI-INDUSTRY 163 17 5 m b 1000 Acma 50c 160 cd »5 2485 160
      7,671 words
    • 1567 25 52-Wk Last Vol Day Last Ouott Wv 01* Yld Net Cap Avo High Low StNo Company Sat* COOOl High Lour Buy*' Saliar C'vr P/E $mll Prk* MANUFACTURING 148 30 c 2049 AS Auto lOc 140 *5 3638 144 136 140 141 15 N 7 1.1 13.2 159.9 135 HO
      1,567 words
    • STOCK EXCHANGE OF SINGAPORE
      • 420 26 Stocks Volume ICT HKIOc 110.154,000 Asia Food&Prop 93,371,000 Frt Links 20c 90,709,000 Gokttron 20c 62,951,000 IPC Corpn 5c 62,270,000 Hotung Inv NT5 55,784,000 Liang HuatWt 55,332.000 Lung Huat 10c 46,839,000 DragonLand 10c 45,094,000 Armstrong 10c 43,011,00 Stacks 5 Asia FoodiProp 84,305,535 DBS Foreign 66,997,661 *TanChonglnt50c 61,771,485 ICT HKIOc 47.760.480 OCBC
        420 words
      • 580 26  -  STOCK MARKET COMMENTARY Investors rash into the market in the wake of better-than-expected May export figures Ven Sreenivasan THE Singapore benchmark index hit a new 28-month high on a record trading volume as retail players, in-house traders and trading-oriented funds
        580 words
      • ON THE GRAPEVINE
        • 188 26 THE Hongkong government's huge share portfolio is a highly sensitive matter since the value of the assets is worth over HK$2OO billion (Ss44 billion). It therefore shouldn't surprise anyone that the government wanted to get its wording right when it finally announced the method
          188 words
        • 170 26 A RATHER lengthy letter arrived in BT yesterday, rising to the defence of IPC Corp, which the authors said had received less than fair BT coverage recently. Among the points raised, "Wong K C and fellow IPC investors" asked why BT reporters had quoted unnamed analysts.
          170 words
        • 108 26 WE hear that the developers behind the long-awaited KL PRT—the proposed monorail in the heart of the Malaysian capital are expected to list the 1.9 billion Malaysian ringgit (*****.1 million) project on the exchange next year. Work has resumed on the project, developed by Vincent Tan
          108 words
      • Article, Illustration
        71 26  -  -By Wong Wei Kong GOLDTRON Ltd shares rose seven cents to a new 52-week high of $0 42 yesterday on a volume of 63 million shares, compared with its 10-day traded average of 21.1 million units. The technical indicators such as the RSI, Stochastics and MACD charts suggest
        71 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 1971 16 JT b SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Singapore Press Holdings Limited (the "Company") will be held at The Auditorium, News Centre, 82 Genting Lane, Singapore *****7 on 16 July 1999
      1,971 words
    • 578 16 Singapore Press Holdings J\ SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETINf; NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Singapore Press Holdings Limited (the "ComDanvl will be held at The Auditorium. News Centre, 82 Gent.ng Lane. Singapore *****7 on 16
      578 words


  • Page 18 Advertisements
    • 228 18 Good security that keeps bugs at bay http://www.info-security.com.sgl infflsecurityAsia f 1 99 9 EXhibttjOfl 23 -24 ne '99 one_sto P event dedicated to providing security solutions across all industries, from government and military to educational, financial and 10 am-6 pm commercial institutions. The exhibit profile includes 25 June '99 10
      228 words

  • Page 19 Advertisements
    • 556 19 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHUAN HONG STEEL PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN pursuant to Section 308 of
      556 words
    • 70 19 -J jJ J -J U 1 V/yi; i;I jy: /j i vy//.'j //j u/j jVii ja.cy//j Opening Hours: 10:30 hr -18:00 hr The exhibition is open to professionals, trade and business visitors only. Organiser Endorsed by: ■HH Singapore Exhibition Services Pte Ltd A Member of The Montgomery Network ■—2 Handy
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    • 181 19 TODAY lianhe laoban Bti ■mi Bjcgg? We 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
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  • Page 20 Advertisements
    • 314 20 -I||f UOB ASIA LIMITED A MEMBER Of THE UNITED OVERSEAS BANK GROUP) UOB Asia is a wholly owned merchant banking subsidiary of UOB Group which is a leading international banking group with a well-established presence in Singapore and the world's major financial centres. In line with UOB Asia's expansion programme,
      314 words
    • 150 20 Organised by cu |Lj Confederation of Indian Industry DON'T MISS 111 nvuT mmM Manufacturers' Association for Information Technology Supported by t|§ Department of Telecommunications Government of India The Complete IT Solutions Fair Cellular Operators Association of India 8-11 February, 2000 Pragati Maidan, New Delhi Concurrent Fairs Telecommunication Networking Hardware, Software
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  • Page 26 Advertisements
    • 50 26 Is your portfolio lagging the hot bull market? You need DBS investor Online! Get the Best. Call 438-1188 today. 88 DBS BANK V^» V C BAG THE BEST buys of the century grand lucky draw (I l»" Ar WINS 9^ MITSUBISHI Excludes registration road fax, and COE VISA conditions apply
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  • SHIPPING TIMES
    • 158 27 Bridge News, Reuters SEVERAL Panamaxes have been reported fixed in the Atlantic area, but details remained sketchy. Capesize rates remained weak, but handymax rates strengthened in the east. Futures traded 25 lots, hardly warranting any attention from the JlB protesters, Clarkson Securities Ltd, said in its daily Biffex
      Bridge News,; Reuters  -  158 words
    • 288 27 SB '000 ■fa HI CWTDMributton 1.61 0.01 4M ChuarHup 127 0.05 2567 Cosco Invastmant —1.33 0.05 1250 Fraight Links 0.44 0.05 ***** OB Holfl.ngs 104 0.01 571 H»i Sun Hup 0.93 0.05 3754 IMC MoWlngs-HK 5.60 until 0 Jaya Holdings 1.16 0.01 3449 Jurong Shipyard 8.10 0.05 56
      288 words
    • 506 27  -  China to challenge dominance of Indian snb-continent in demolition market: Clarkson report By: Felix Chan [SINGAPORE] Shipbreaking activity is forecast to increase this year, especially for bulkers, paving the way for Chinese breakers to re-en-ter a market previously dominated by the Indian sub-conti-nent. In
      FILE PHOTO  -  506 words
    • 177 27  -  From, Alec Almazan in Manila [MANILA] Keppel Batangas Shipyard, a division of pub-licly-listed Keppel Philippines Marine, has bagged a contract from local tanker operator Herma Shipping and Transport Corporation for the conversion of three self-propelled single-bottom hull barges to double-bottom hull vessels. Keppel
      177 words
    • 231 27  -  By] Marcus Hand [SINGAPORE] International liability and equipment insurer Through Transport Mutual Services (TT Club) has expressed concern over the growing number of container thefts, especially in Hongkong. In its latest newsletter. TT Club said that the problem which caused losses of over US$l
      231 words
    • 324 27 Reuters [LONDON] American ports will not be ordered to close between the end of 1999 and the beginning of the year 2000 because of millennium-relat-ed computer failure fears, the US Coast Guard said. However, the Coast Guard said it would take
      Reuters  -  324 words
    • 716 28 TOKYO'S NARZTA AIRPORT Rising passenger traffic makes it worthwhile for United, Cathay and others to pay doubled fees to use the airport Bloomberg (TOKYO] UAL Corps Unit ed Airlines. Hongkong-based Cathay Pacific Airways and 12 other foreign airlines said rising rents at the New Tokyo
      Bloomberg; FILE PHOTO  -  716 words
    • 218 28 PAGE ECU Line 6 ACL 6 ECL 4 ANL 3 Emgrwn 6 U Accord 8 foongSwi 8 Appenship 5 L nk 4 Austral 8 Gemartrans 6 Balaji Shpg 4 Hangli 7 BSA 7 Hanjin 3 B'tang Mas 8 Heung-A 4 CCNI 7 Hyundai 7 CMA 8 «CFS
      218 words
    • 21438 35 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 t 02/0/ 28/07 Evergreen E. GATHER 0291-063W 65 3921m 10 ABIDJAN (ABJ) 2003 Cote D'lvoire ovoi 02/08 csav iwashiro ores *****5755 01/07
      21,438 words
    • SHIPS IN PORT
      • 695 39 Vessel Voy No Berth Arrival Departure And Adiratna 9905A J7 alongside 22.04/1200 Annie Sierra V017 J8 alongside 22.06/2300 Aqua Lucky 10/99 J2/3 alongside 22.06/1900 Cyrstal Ace 6/99 J9 alongside 22.06/2300 Fortune Ace 10 J5 alongside 22.06/2300 Marcopok) 52 MRK020* J17 alongside 22.06/2359 Pingquan 100 J6 alongside 22.06/2300 PU
        695 words
      • 1818 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balance Rstls SMp Voy Ho Etb/Btr Period From To From kiltt 0*M 22/1000 U 2V1500 21/165* WW00 21/1500 21/1659 21/1900 Mlhi AM OWN i 2VBM 2VMSI 2VM0 21/1500 2V165* 2V1*00 2A WOO 22/065* 22/0*00 2) 2VT700 22/065* 22/0*00 I 22/0700
        1,818 words
      • 179 39 Jon 25 Finland: Midsummer Eve Holiday. Jon 20 Indonesia: Mouloud Prophet's Birthday. Brunei: Maulud. Finland: Midsummer Day Holiday. Jun 30 Brunei: Half Year Bank Closing. Jul 1 Canada: Canada Day. Jul 14 France: National Day. Jul IS Brunei: HM The Sultan's Birthday. Jni 21 Belgium: Independence Day. An|2
        179 words
      • 790 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        790 words
      • 556 39 Carbon 180 Max 990.6 1.0 18.7 0.10 73 0.06 Jm 17 Density Residue Ask ANrtntaw Sedtawnt No above E25 0 0 9 0 0 0 T %tt/M 380 Ave 986 4 0J 13.0 0.06 37 0.02 Eikm 380 Mai 992.8 0.9 19.2 0.09 90 0.06 w/M'3
        556 words
    • AIR & LAND TRANSPORT MEWS
      • 487 40 PARIS AIR SHOW US pl&nemaker also studying 737 version to operate Atlantic services Reuters [LE BOURGET, France] Boeing Co could build a refurbished 747 jet, a move that would be just as efficient as developing an all-new jumbo, such as
        Reuters  -  487 words
      • 126 40 Bloomberg [PARIS] Boeing Co and Airbus Industrie, the only two makers of large commercial jets, split US$9.4 billion (5515.98 billion) in orders during the Paris Air Show. The latest order came last Friday from Singapore Airlines Ltd, which exercised options to buy 10 of
        Bloomberg  -  126 words
      • 379 40 Reuters [LE BOURGET, France] Three plane makers fighting over the market for small jetliners are extending their battle into larger aircraft, encroaching on the turf of industry majors Airbus Industrie and Boeing. Brazilian maker Embraer SA, Canada's Bombardier and Fairchild Aerospace of the
        Reuters  -  379 words
      • 45 40 [LE BOURGET] A Proteus at the Paris airshow. The multi-mission aircraft from US Wyman Gordon can stay above 60,000 ft on station up to 14 hours to relay phone calls, video networks and Internet access. It can also be used for spying. REUTERS
        REUTERS  -  45 words
      • 346 40 Bloomberg [DETROIT] Northwest Airlines Corp passengers stranded on runways at the Detroit airport during a January blizzard can band together in a class-action lawsuit against the airline, a Michigan judge has ruled. Wayne County Circuit Court Judge Daphne Means Curtis granted class-action
        Bloomberg  -  346 words
      • 173 40 Bloomberg [WASHINGTON] The US Department of Transportation awarded three US airlines already serving China 17 new flights to the country that will be phased in during the next 10 months, the agency said. Northwest Airlines Corp., the No 4 US airline, gained four
        Bloomberg  -  173 words
      • 215 40 Bloomberg [MILAN] Fiat SpA, Italy's biggest carmaker, said it began production of light trucks at a factory in Nanjing, China, with local partner Yuejin Motor Group, as it seeks a toehold in the country's nascent car market. Nanya Auto Co Ltd. jointly owned
        Bloomberg  -  215 words
      • 154 40 AFP [TOKYO] Japan's Nissan Motor Co Ltd said yesterday it will raise car production in the United States and plans to push up sales there by 10 per cent this year. Japan's second largest car maker has raised its US sales target to 700,000 units
        AFP  -  154 words
      • 1900 40 cm fUSHT EM FU6MT ETP $***** 1605 N***** 2350 AdtfaM* BA7381 1930 BA7382 2055 BA7306 1815 S***** 2350 Of81 (930 0F82 2055 0F6 1815 LH6373 2355 *K8229 2230 SOU 2355 IH6380 2230 Mwta $0909 830 S0W0 0W5 P30 Guangzhou P«C $0803 1905 CZ354 0910 Amsterdam *1843
        1,900 words
  • Page 27 Advertisements
    • 760 27 Narita airport: Airlines cope with rent rise Rising passenger traffic makes it worthwhile for airlines to pay doubled fees to use the airport. Page 2 People •"a™ 1 To boost the manpower capabilities the industry, the Export Institute gapore the Singapore Trade Develop- <■ ment Board are launching a series
      760 words
    • 22 27 Boeing sees 747 revamp to match new Airbus jumbo US planemaker also studying 737 version to operate all-business-class Atlantic services. Back Page
      22 words

  • Page 28 Advertisements
    • 789 28 1 IMPOBT 1 I HOfiTH AMERICA 1 I QULF! INDIAN SUB-CONTINENT I [SUPER SHUTTLE EXPRESS QULF KARACHI EXPRESS (OKX) wsstt wag wo sm vtssa voy ju mm mm ino ui cm wo 04/07 HO NEDUOYD lAMRAM m M/ 04 11/#* 11/ M 11/0* 10/ M 71/04 "M/O* 27/0*" OOCIItIMM 75W575
      789 words
    • 850 28 Lines services represented +l b> Mcr IDe s 01 Re 9 str of ts aaf.l F^arde. Accredited Shipping Agents SnflV Assoc ator Singapore Shipping Association |fl| ULY UNE MALE I VESSEL VOY ETA ETA HA P. KLAWG SPORE MALE Princess Lily V 0799 03/07 05/07 14/07 Empress Lily V 0399
      850 words

  • Page 29 Advertisements
    • 1152 29 I SAX SERVICE (DIRECT) VBSa VOY SKEU LAX OAK DAL HOU oo ax mbw «i >ire muu 012 23/06 00/07 13/07 13/07 13/07 13/07 14/07 14/07 15/07 IS/07 msma om 30/06 is/07 20/07 20/07 20/07 20/07 20/07 20/07 21/07 21/07 mtnm. 0121 07/07 22/07 27/07 27/07 27/07 27/07 27/0; 27/07
      1,152 words
    • 43 29 CONTAINER SERVICE SPORE/JAKARTA/SEMARANG/SURABAYA VfSSfUVOY SPOBE JAJUWTA SEMAfIANG SURABAYA PtRMAi *****-441 28/06 30/06 02/07 PfRMAI *****-441 05/07 07/07 OM7 PfRMAI *****-443 12/07 14/07 IM)7 PERMAI 2 0036-036 25/06 29D6 PfRMAI 2 0037-037 04/07 OM)7 PtRMAI 2 0038-038 12/07 16/07 PfRMAI 2 0039-039 20/07 2W
      43 words
    • 2048 29 ®HANJIN SHIPPING !ik F1 iMsMroiM Soie *****30 HANJIN SHIPPING (S) PTE lIP tmp ton* can. KXXINC 732C*****7 SAUS *****74 731 OOCUMEIT *****71 774 OPKATKMS *****50 751 MAIM LINE *****55 HI 777WM aHO **********0N TO NW USA CANADA USA CANADA* for vsl/vot oam sm une hau/vot sea nw do pdx oi
      2,048 words
    • 419 29 FULLY CONTAINHItiP PiPICATIP IHVICIS >sa 'wr sin ro ypT sin h»6 m usm pus IC T C IKXtUMU 74S 20/04 72/04 ?4« 23/04 27/04 W/04 01/0? 02/07 WICUISUI WIS 2S/04 02/07 04/07 04/07 07/07 1 lAI J aqult om ?s/ot vo> 30/01 provides LCL <onsolidotion to UTC KgLUWfe WTS 77/04
      419 words

  • Page 30 Advertisements
    • 1623 30 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEANCANADA «sstL vov aw lew im m* h<« im fu vtssti vor sm Gn stt ros w.c wm nwafTißwrr warr not 10o? M(7 oao? 0007 1117 lo*oonsenator wma 7tm 1117 13(7 15 v 17«7 r CHOYMG ATLAS WNKB 22 M M(7 1117 1117 11 17
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    • 951 30 AtAfIMAC-NELS S'PORE M'SIA Carrier; MN CONTR LINES, INC p. gudang: (0r)*****26 M\y \zJ S?J!?L 1200,7,0000 S"* W ***** MANILA. (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P- KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHtNG (062) *****1-3 GENOA/BARCELONA VANCOUVER MV "PONL GENOA" V.9510 MV
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    • 769 30 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO v**" l S PORf N SHEW* COLOMBO P KLANG CAPt CANAVERAL V 107W 21 JUN 29 JUN 06 JUL 11 JUL TULSIDAS VllO 28 JUN 06 JUL 13 JUL 11 JUL B MAS TIGA V 117W 05 JUL 13 JUL 20 JUL 25 JUL
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  • Page 31 Advertisements
    • 1506 31 VESSEL VOY KHH HKG SIN PKG PQB DXB PMM BA BIK IRAN BAABAEI PCL-5107 16/06 18/06 22/06 23/06 02/07 03/07 04/07 06/07 08/07 IRAN TAKHTI PCL-5108 23/06 25/06 29/06 30/06 09/07 10/07 11/07 13/07 15/07 IRAN TABATABAEI PCL-5109 30/06 02/07 06/07 07/07 16/07 17/07 18/07 19/07 21/07 IRAN LORESTAN PCL-5110
      1,506 words
    • 2392 31 Weekly Sailing to Adin Hodeidah, 1 Djibouti (Via Dubai) I SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/L) COSTAR SHIPPING PTI LTD #12-00 SAIES/MGS *****57/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR no: **********0 M SINGAPORE *****8 CONVENTIONAL *****50/55 T/SHPMT PEPT
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  • Page 32 Advertisements
    • 1451 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHV IHV THP ROM ANW HBG PKL SGP E DIADEM RW 006 26D6 15/07 ?1/07 17/07 19/07 20/07 21/07 E ROUND RE-037 01/01 03/06 02/06 04.06 06/06 25/06 26/06 E DAINTY RW-011 04/07 22/07 28/07 24/07 26/07 27/07 20/07 E RESULT RE 025
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    • 1651 32 npp ADVANCE CONTAINER LINES (PTE) LTD TEL *****21 FAX *****19 TELEX RS2O34OACLPL FO B°°KINGS PLEASE CALL; *****22 SALES A MARKETING *****21-28 OPERATIONS *****60/ *****05 CR NO **********0E RANCK.QK tmtmflUMt JAKARTA -(7 VESSEL VOY SIN KK VESSEL I VOT SP4 JKT KOIA RATNA (RM/LCH) RNA) 27 22/6 lue 25/6 Fn ANRO
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  • Page 33 Advertisements
    • 429 33 BSfl ik mm MYANMA pBBk FIVE STAR LINE wT (Myonmor National Lino) Loading for Yangon (Rangoon) VESSEL VOY UN PKL PtM PGU MAWLAMYINE MW SU) SAGAING tOW SU MALAYSIA AGENTS: lOOSTIAD SHIPPING AGCHCIES KUL m (03)*****00 PKL TIL (03)376*101 PEN: TEL (04)*****07 PGU: HI (07)*****71/4 BANK LINE (A service of
      429 words
    • 1271 33 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. vtssa ~voT "s»T sou la "wm" art "haw" w ~PS~ vtssa vor sou ibi ra iw hi« w a API PEARL 010W 19/06 04/08 05/08 07/08 10/08 UIOK 52rt W/ 2M5 API AIMANOM 309W 24/06 12/07 17/07 14/07 15/07 NOLAMAZOWTI 0721 31/05 04/06 02/06
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    • 1169 33 TT s norv»«gori spenalized oukxarnen G&g&S Wilhelmsen Lines TO NORTH AND UTIN AMERICA "RORO HUVYUFT SERVICE" VESSEL VQT RAMP HEKXT I SIH I ULX 1 CRL MIA SAV BAL j ORF NYC NEW MOt"^ TAMPERE *913 400 Ims 6.3* 27/06 26/07 03/08 06 08 ***** 10/08 11/08 13/0S 17/08 19/01
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  • Page 34 Advertisements
    • 1950 34 BANGKOK/ MAP TA PHUT/ LA EM CHABANOI JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTPI LCH VESSEL VOY SIN JKT PJN A NAN BHUM 118N In Pt 26/06 25/06 ANRO GOWA' 087 In Pt 26/06 CHAN BHUM> 7SN In Pt 25/06 26/06 GURU BHUM 134S 23/06 27/06 NANTA BHUM" 451N 23/06
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  • Page 35 Advertisements
    • 50 35 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ ■k SINGAPORE MIDDLE EAST/VIETNAM China Snipping (S) So 6 Agencies Pte Ltd 5 JH CONTAINER LINE Pg 4
      50 words


  • Page 37 Advertisements
    • 43 37 (Retrieve more schedules!) st Press "1" iTX Select the port and key in ST(fcl the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by T^e document will be Shipping Times
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  • Page 39 Miscellaneous
    • 137 39 HeKHEHIZHH3EE*ei IPS 10QE |110E LEGEND R Thunderstorm Temperature °q X\ A Shower Weather Wind direction with speed in knots Rom \_yr Cloudy Sky Wove he, 9 h Surface whkH ore indicated by orrows which fly with the wind One tufl circle represents calm or light ond variable winds 1 One
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  • Page 40 Advertisements
    • 33 40 BUSINESSCENTRE Call 740-6000 Press T'& key in Document Code Key in fin number Enter your phone number I l IT 3 I ft 1 hFWMW TVSF ■jMßKMttHpwm!dfn2¥wm mmaammw FMIOHT v ro wMoiM A««octATK>*
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