The Business Times, 15 July 1999

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Microfilm: NL21514
Total Pages: 56
1 56 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 SThe BusinessTimes MITA (P) 046/1:^98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, JULY 15, 1999
    13 words
  • Article
    Lock icon MARKET SUMMARY
    66 1 wmm U 2178J3 (+0.14) nBT-SRI md BOOM (-4.28) SUUUS FUTURES 2MJO (+1.40) nHAIXETHOOD; mm Mixed STOCK MARKET INDICES Wednesday Change KLSE COUP 86L31 110 NIKKEI 18J67.86—+170.77 HAM) SENG 1M75J 7 MU* SET INDEX 494.00 45.35 JAKARTA OOMP —J84J8 +8.60 MANILA COMP 43J3 TAIPEI WP! 7388.66 -***** SEOUL OOMP
    66 words
  • Article
    Lock icon FINANCE
    79 1 FOBEX SATES US$ s$ U8f iJK £(US$/S3per£) LK4 1839 EURO(TJS$/S$ per E) 1.014 1.722 DM 1529 0880 YEN 121.1 1.492* KM 1800 1447 HKJ 7.7M 1219 BAHT 27.99 0.044 RL'PIAfl 1686 0.028* St to 100 units PUMB SATES SINGAPORE* 6.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00
    79 words
  • Article, Illustration
    Lock icon Rattled investors in China, Taiwan, HK dump shares
    891 1  -  Taiwan index down 4%, bigger losses if counters had not hit daily 7% limit Prom. Macabe Keliher in Taipei MARKETS from Taipei to Hongkong suffered severe losses for the second day in a row as political tension between Taiwan and China spooked
    Source: Bloomberg  -  891 words
  • Article
    Lock icon DBS says it's not in talks with Jardine Fleming
    215 1 [HONGKONG] Responding to a Business Times report about its interest in boosting its regional fund management and investment banking business, DBS Bank yesterday said it was not in any discussions with Jardine Fleming Holdings for a possible stake. The Singapore bank
    215 words
  • Article
    Lock icon Mulpha rights issue will test Clob investors
    464 1  -  Uncertain whether they can subscribe to RM261.5m cash call From Eddie Toh in Kuala Lumpur MULPHA International is proposing a major rights issue, a development which will test for the first time how holders of frozen Malaysian shares previously traded on Singapore's over-the-counter
    464 words
  • Article
    Lock icon HK to scrap interest rate rules, allow more foreign bank branches
    810 1  -  Deregulation only if economic, financial conditions are met From Quak Hiang Whai in Hongkong HONGKONG will further deregulate its banking sector with plans to fully abolish interest rate rules and allow more branches for foreign banks. Announcing its policy
    810 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      154 1 DfgPE Bumper cnp Ifs been a hectic year for product launches, with a record 40 new car models released to-date, and more are on the way, Motoring Ft 14 Boayut Asian funds rank among the best performing mutual funds this year, and managers say the climb isn't over yet, Pg
      154 words
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      103 1 ■>m „yr 11 a > A^.JW Clearly we have an option to go to almost 25%. At some point in time who knows what can happen? We wouldn't rule it out for some time in the future. But our purpose today is not to have a controlling shareholding. It's to
      103 words
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      62 1 Taipei tries to defuse row over reunification, Pg 5 Turbulent times ahead for Taiwan stocks, Pg 5 TIME MOVEMENT A 16-page special supplement on watches: Free with Mm 1 IT Wowing women with diamonds and steel, Pq 15 From bodyguards to roulette wheels, Pg IS A to Z of collecting
      62 words
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      11 1 SES seeks release of Clob shares over 12 months, Pg 15
      11 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Barings and Leeson gave false info in his application: Simex
      457 2  -  They failed to reveal court judgement when he sought to register as a trader Ktj Siow Li Sen THE Singapore International Monetary Exchange (Simex) has decided to fight back and answer in greater detail some of the allegations levied against
      457 words
    • Article
      Lock icon March 3.9% jobless rate twice usual levels
      459 2  -  Micron denies report it was hit by defective chip recall By Annette Pau UNEMPLOYMENT in Singapore was 3.9 per cent as of this March nearly double the usual levels despite the improvement in economic conditions, said Manpower Minister Lee Boon Yang yesterday. >
      459 words
    • Article, Illustration
      Lock icon Sunnydale flats 20% sold before soft-launch
      274 2  -  H,, Marissa Chew THK mood at the Sunnydale sales office was cheery yesterday as 20 per cent of the apartment project was sold to walk in buyers while the marketing agents were preparing for a soft-launch this weekend. The 70 units at the 99-year
      CHRIS LOH  -  274 words
    • Article
      Lock icon Goldman sees 4% S'pore growth
      317 2  -  EYE ON THE ECONOMY Economic forecast By. Audrey Tan FORECASTS for Singapore's economic growth are still creeping up, with one forecaster Goldman Sachs doubling its 1999 estimate to 4 per cent. Economists at Goldman now see better prospects for the region than three months ago,
      317 words
    • Article
      Lock icon Logistics boost from 6 new projects
      189 2 SINGAPORE'S transport and logistics sector should enjoy better efficiency and higher productivity with the launch of six new projects conceived jointly by logistics managers and government planners. Minister without Portfolio Lim Boon Heng said yesterday that these new initiatives range from LogisNet (onestop logistics
      189 words
    • Article, Illustration
      Lock icon MeesPierson finds more opportunities in Asian crisis
      528 2  -  Commodity bank's business np 10% in first half of 1999, revenues high By\ Siow Li Sen THE trade and commodity finance business is flourishing with more opportunities than ever before, and this is in no small way due to the Asian economic crisis,
      SIEW YAW HOONG  -  528 words
    • Article, Illustration
      Lock icon Retail property occupancy rates on the rise: JLL
      492 3  -  Demand seen picking np over next six months; fall in rent rates slowing down By'. Rahita Elias RETAIL property landlords have something to cheer about. Occupancy rates for retail property have gone up, while the fall in rental rates appears to have
      Source: Jones Lang LaSalle Research  -  492 words
    • Article
      Lock icon JTC offers industrial space at 10% cheaper than others
      229 3 THE Jurong Town Corporation has launched a nine-sto-rey industrial building at Ayer Rajah with monthly rentals pegged about 10 per cent lower than similar developments. Located at 20 Ayer Rajah Crescent, the building is the first fully air-conditioned in- dustrial facility
      229 words
    • Article, Illustration
      Lock icon Asian firms not complacent: McKinsey
      512 3  -  They understand need to restructure despite worst of crisis being over By I Siow Li Sen ASIAN companies are not taking it easy although the worst of the economic crisis has blown over, said a senior management consultant yesterday. Trevor Mac Murray, managing director of
      ALBERT SIM/ST  -  512 words
    • Article
      Lock icon SingNet and CyberWay won't copy PacNet's free PC offer
      282 3  -  They say they may do something different By' Teh Hooi Ling NEITHER Sing Net nor CyberWay will follow Pacific Internet in giving away free personal computers to attract new subscribers. "We have no plans to give away free PCs now. We
      282 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      269 3 Recently, a leading British motorcar magazine named the You see, by making full use of new high strength steels and the time. (A rigid body does wonders for a cars suspension, see?) For more information, phone 858 90M or fa Am coupon to 735 1633 or m»il it to: Rover
      269 words
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  • REFORMASI SEMINAR
    • Article, Illustration
      Lock icon IMF warns against introducing a fixed exchange rate system
      569 4  -  Country risks eroding reserves and disrupting economic recovery: Neiss Report shy Shoeb Kagda [SINGAPORE) Indonesia risks eroding its reserves and disrupting its economic recovery if the new government attempts to introduce a fixed exchange rate system, warned the International Monetary Fund
      SIEW YAW HOONG  -  569 words
    • Article, Illustration
      Lock icon Time for party leaders' round-table: Amien
      753 4  -  Reformist Amien Rais talks to TANG B KASSIM about how to resolve the Indonesian leadership impasse YANG RAZALI KASSIM ON political stalemate and dark-horse presidents "A stalemate in the coming session of the People's Consultative Assembly (MPR) is a great possibility. A deadlock means
      SIEW YAW HOONG  -  753 words
    • Article
      Lock icon Uphill reform tasks await next Indon government
      675 4 Need to carry out politically-sensitive reforms: experts [SINGAPORE] Indonesia's next government will face a formidable agenda of rebuilding the economy and pushing ahead with reforms even as it works to stabilise the currency and reign ite domestic demand, noted two key multilateral financial
      675 words
    • Article, Illustration
      Lock icon Who mill lead the march for change?
      865 4  -  COMMENTARY The moral courage to bring about reforms does not appear to be strong enough By Yang Razali Kassim THE room was packed. The topic was highly topical. '"Reformasi: Indonesia's Election It's Message. It's Mandate." If anything, it shows how hungry people are
      865 words
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      Lock icon Page 4 Advertisements Column 1
      198 4 SALE BY TENDER 156 GUL CIRCLE Existing 1-storey detached factory I warehouse with a 3-storey office annex and a new 5-storey factory I warehouse building at the rear GFA: 138,533 sf (12,870.195 m) Land area: 105,650 sf (9,815.15 m) Tenure Balance approx. 25.5 years Approved usage: warehousing logistics activities Closing
      198 words
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  • TENSION IN TAIWAN STRAIT
    • Article
      Lock icon Taipei tries to defuse row over reunification
      517 5 President Jiang convenes emergency session of his Taiwan policymakers: report AFP, Bridge News [TAIPEI] Taiwan sought to calm a row with Beijing yesterday over remarks by President Lee Teng-hui declaring the island a separate state, offering China assurances that it did want to
      AFP,; Bridge News  -  517 words
    • Article, Illustration
      Lock icon Turbulent times ahead for Taiwan stocks: analysts
      415 5 Market sinks again, by nearly 4%, on political worries Bridge News [TAIPEI] Taiwan stocks, battered since the beginning of this week on concerns of deteriorating Taiwan-China relations, are expected to continue to face turbulence in the medium term, observers widely said. The market
      Bridge News; AFP  -  415 words
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      6 5 What the Others Say, Pg 11
      6 words
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      177 5 fTI S» l- ill i -v :i~e- r SJtB f.lß^^^^^HHß 1 JHH !_Ut£sBßfc > -fe^if' Vv. jfiSb tSßjrv* *fw^B||^^^BMMl NEW AIR-CONDITIONED INDUSTRIAL BUILDING. READY FOR BOOKING NOW! Hal 5\ m Mi I Specially built for knowledge-based and hi-tech industries Si a If I^,/ Y/LyA, Innikrnninn nnrt enwimnmsnt *S Jf/H/*?- V|?)A,
      177 words
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  • REGION
    • Article
      Lock icon Growth in China likely to slow in 2nd half: minister
      480 6 BEIJING Retail price index has been negative for 20 straight months Reuters, AFP CHINA'S economic growth is likely to slow in the second half of this year, planning minister Zeng Peiyan was quoted as saying yesterday. "Based on analysis on
      Reuters,; AFP  -  480 words
    • Article
      Lock icon Petronas breaks into Indian market with US$9.6b LNG deal
      440 6 KUALA LUMPUR State oil firm selling to Enron unit from mid-2002 under 20-year contract Bloomberg PETROLIAM Nasional Bhd, Malaysia's state oil company, said it will sell liquefied natural gas to a unit of Enron Corp in India in a 20-year contract
      Bloomberg  -  440 words
    • Article, Illustration
      Lock icon Aussie talk show host in scandal
      354 6 ■SYDNEY John Laws admits he took Aslm to end attack against banks AFP THERE was scandal brewing in Australia's radio land yesterday after an admission by its most influential talk show host, John Laws, that he accepted hefty payments from the country's top banks
      AFP  -  354 words
    • Article
      Lock icon Audit slams Pertamina for US$6.1b losses
      329 6 JAKARTA Amount was lost through favouritism, mismanagement Bloomberg AFX-Asia PT PERTAMINA, Indonesia's state oil and gas company, lost US$6.l billion (5510.4 billion) over two years because of inefficiency, favouritism and poor management, according to the findings of an independent audit. The audit is part
      Bloomberg; AFX-Asia  -  329 words
    • NOTE Book
      • Article
        Lock icon Completion in sight for Indon vote count
        72 6 Reuters (JAKARTA] A semi-official count of votes from Indonesia's June 7 parliamentary election is due to be completed this evening, more than five weeks after the poll was held, election officials said. Sugita, head of vote counting in the National Elections Committee (PPI).
        Reuters  -  72 words
      • Article
        Lock icon 2.6t rupiah lost to graft in 5 months
        84 6 AFP [JAKARTA] Indonesia's Home Ministry has uncovered graft cases showing the state lost at least 2.6 trillion rupiah (***** million) in the five months from October 1998 to February 1999. Home Ministry Inspector-General Andi Jalal Bachtiar said 959 billion rupiah had been
        AFP  -  84 words
      • Article
        Lock icon Mahathir named in death list: report
        112 6 AFP [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad and at least five other senior members of his ruling United Malays National Organisation have been named on a mystery death list, The Star newspaper reported yesterday. Ibrahim Ali, Deputy Minister in the Prime Minister's Department,
        AFP  -  112 words
      • Article
        Lock icon HK terminal sites to suit Disney park
        89 6 Bloomberg [HONGKONG] The Hongkong government said it will move future container port development to a location that is out of sight ofWalt Disney's proposed new theme park. Container Terminals 9 and 10 may now be located in the northwestern suburb of Tuen Mun,
        Bloomberg  -  89 words
    • Article
      Lock icon Chaebol hit out at govt over painful reforms
      236 6 SEOUL Seoul influence over business too big, says industry official AFP SOUTH Korea's conglomerates yesterday denounced the government for pushing them towards painful corporate restructuring, urging it to leave them alone and stoke up growth instead. "The government's influence over business is
      AFP  -  236 words
    • Article
      Lock icon HK tables bill to regulate e-commerce
      208 6 CHINA Move will boost development of Net-related business Bloomberg (HONGKONG) The Hongkong government has proposed legislation to regulate electronic commerce and accelerate Internet-related business development in the city. The law would allow for electronic signatures, make contracts concluded on the Web enforceable by the
      Bloomberg  -  208 words
    • Article, Illustration
      Lock icon Mr Yen's successor shuns global financial limelight
      405 6 TOKYO Reuters JAPAN'S new top financial diplomat, Haruhiko Kuroda, stuck by the Ministry of Finance's key policy positions yesterday but offered, in style at least, a marked contrast from his predecessor Eisuke Sakakibara. Where Mr Sakakibara. dubbed "Mr Yen" for his forceful sway
      Reuters  -  405 words
  • Page 6 Advertisements
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      28 6 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. fe* 1 CATS. Buy It. Sell It. Find It. Another Classified Service
      28 words
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  • ASIA OH THE MEND
    • Article
      Lock icon Fund managers see Asian funds poised to climb higher
      428 7 Bat climb probably won't be straight up since huge jumps already made Bloomberg [NEW YORK] Asian funds rank among the best performing mutual funds this year, and managers say the climb isn't over yet. "There are still tremendous opportunities in Asia,"
      Bloomberg  -  428 words
    • Article
      Lock icon M'sia to buy NPLs of under RM5m
      341 7 Unit to be set up to acquire such debts from finance firms AFP [KUALA LUMPUR] Malaysia's Bank Negara (central bank) will set up a special unit to buy non-performing loans (NPLs) of less than five million Malaysian ringgit (5J2.2 million) from finance companies,
      AFP  -  341 words
    • Article
      Lock icon Buy local, be thrifty, stay home, think-tank tells Thais
      333 7 Reuters [BANGKOK] Some Thai economic indicators may be perking up, but it's no time to break out the champagne, a private think-tank said yesterday. The Thai Farmers Research Centre, a subsidiary of Thailand's third largest bank, Thai Farmers Bank Pic, said
      Reuters  -  333 words
    • Article, Illustration
      Lock icon Tokyo bulls send stocks surging
      352 7  -  From, Anthony Rowley in Tokyo TOKYO stock prices continued their seemingly relentless ascent yesterday as the Nikkei 225 average surged a further 176.77 points, or one per cent, to 18,357.86 while September Nikkei futures rose 160 points to 18,330. Analysts and dealers who had expected
      AFP; Source: Bloomberg  -  352 words
    • Article
      Lock icon Govt ready to spend more if needed
      279 7 BOJ pledges to keep rates at rock-bottom to help economy Reuters [TOKYO] Japan yesterday signalled it was ready to spend more money if needed to bolster a nascent recovery, while the central bank promised to maintain its support with rock-bottom interest rates. Speaking
      Reuters  -  279 words
    • Article
      Lock icon Growth to top 1.5% this fiscal year: Ginandjar
      427 7 Minister to lobby Japan for aid under Consultative Group AFP. AFX-Asia (JAKARTA) The Indonesian government expects economic growth to exceed 1.5 per cent during the fiscal year to next March, senior economics minister Ginandjar Kartasasmita said yesterday. "The (expected) figure is above
      AFP.; AFX-Asia  -  427 words
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      10 7 Why Japanese stocks could go a lot higher, Pg 16
      10 words
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      409 7 {E Commerce} Some developments are justTDD WW IMPORTANT to ignore f E-COMMERCE THE POWER EiS AND THE PITFALLS Veaae: Raffles Hotel, Jubilee Hall (Level 3) Date: Thursday July 22, 1999 Tin«: 9:00- 12:30 pm Admission: Free Agenda: Harnessing the power of E-COMMERCE: How you too can benefit E-BANKING In action
      409 words
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      103 8 Feature olive ■RiP new ffIHH VP for even when sleep mode for come up /^!^lS^B9H I while new technological ground at MisS&Jßv&~'M& B the same its Relay wearer L^ timekeeping accuracy goes ISiwnMß^^E"HolZ^' Arctura two was already No hassles on fronts J^^ma The the Again, shows &,111? forefront the also
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      413 9 I. ..from facing page But if the watch remains unused and stationary for more than 72 hours, the brain" in the watch stops the hands. The stored energy can then be devoted to timekeeping for as long as possible. The watch is now in Power Save mode. If picked up
      413 words
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  • THE WORLD
    • Article
      Lock icon High-tech sector will help US grow 3% a year: study
      538 10 LOS ANGELES They already fuel productivity gains of 1.5-2% Bloomberg COMPUTERS, cell phones, Internet commerce and other technological innovations will help the US economy grow at close to a 3 per cent annual rate over the long term, a new
      Bloomberg  -  538 words
    • Article
      Lock icon US producer prices dip a surprise 0.1% in June
      564 10 WASHINGTON Analysts had expected PPI to go the other way by 0.1% Bloomberg PRICES paid to US factories, farmers and other producers dropped unexpectedly last month the first decline in four months reflecting lower costs for cars and computers. The cost
      Bloomberg  -  564 words
    • Article
      Lock icon Hedge funds setting their sights on the euro?
      668 10 ATTACK ON THE EURO Some experts say the new currency is not an easy target Bridge News [LONDON] As the euro falls ever closer to the landmark 1.00 level against the US dollar, speculation is mounting that a break below parity might
      Bridge News  -  668 words
    • Article
      Lock icon No cause for concern: Buba official
      244 10 FRANKFURT Euro's weakness will help Europe's exports, he says AFX-Asia BUNDESBANK central council member Klaus-Dieter Kuehbacher said the weakness of the euro relative to the US dollar is not a reason for concern. "The euro is not weak. In Europe, it is extraordinarily stable.
      AFX-Asia  -  244 words
    • Article, Illustration
      Lock icon EU to lift three-year ban on British beef exports
      325 10 LONDON Long struggle to regain markets after 'mad cow' scare Reuters BRITAIN yesterday breathed a huge sigh of relief that a three-year ban on beef exports prompted by 'mad cow' disease had finally been lifted. But farmers and the meat industry
      Reuters; AFP  -  325 words
    • Article
      Lock icon Funds switching to Asia, continental Europe
      304 10 LONDON US and UK equities toppish: Merrill Lynch-G&Unp poll AFX Asia GLOBAL funds are switching from the US and the UK into Asian and Continental European equities, according to the Merrill Lynch Gallup July survey of 255 institutions with US$7.6 trillion (5512.8 trillion) of
      AFX Asia  -  304 words
    • Article
      Lock icon Schroeder stands by economic reforms
      239 10 BONN Reuters GERMAN Chancellor Gerhard Schroeder yesterday pledged to stick to a resolute course of belt-tightening economic reforms despite his government's sliding popularity. Mr Schroeder, speaking at his last news conference in Bonn before starting work in the restored capital Berlin, said his coalition was
      Reuters  -  239 words
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      98 10 Wt .TTBTRrT IBM tBHH iServicesl I Services I LanxJa Prints Duratrans mmeraa E*^'W ,on (direct output from diskette) Enlargementfof Display 4 Lighted Digital Injet Print (up to 600 dpi) Box (Up to 20ft) OtgjtaJ Retouchtng o* Trans. Compute! Slides Presentation •R3 SMe to Print SMe OuptcaUng Lamination Mounting on Kapaine
      98 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The Kashmir conflict's other danger
      723 11  -  THE BOTTOM LINE OPINION By Rajendra Bajpai The writer is a New Delhi-based journalist who contributes to BT ON the tortuous and icy slopes of Kargil in Kashmir, Indian soldiers and Paki-stan-backed Islamic fighters Pakistan says it provides them only moral support and India says
      723 words
    • Article
      Lock icon IN OTHER WORDS
      159 11 Life is so terrible here, we're going to die like dogs. But before we die like dogs, we're going to eat the dogs we have.' Yulia a 20-year Oktyabrsky resident, on life on the southern tip of the Kamchatka Peninsula in Russia's Far East, where local industry
      159 words
    • Article
      Lock icon Not time yet to restore CPF cuts?
      661 11 EDITORIAL PEARS of further job losses and other scenarios of gloom and doom just early this year have tinned to talk now of possibly restoring the CPF cuts ahead of schedule. The swift, sharp turnaround in Singapore's economic conditions over the past year
      661 words
    • Article, Illustration
      Lock icon Political fashion and the paradox of the 1990s
      880 11  -  The '90s dwarfs the '80s as the money decade, yet it was the '80s that was labelled greedy By\ Robert Samuelson Washington Post Writers Group A PARADOX of the 1990s is that it isn't called a decade of greed. Only the 1980s
      Washington Post Writers Group; FILE PHOTO  -  880 words
    • Article, Illustration
      Lock icon Why Lee raises uncomfortable questions now
      407 11  -  WHAT THE OTHERS SAT By\ Stephen Yates The writer is a senior policy analyst in the Asian Studies Center at the Heritage Foundation LAT-WP AS LONG as both Beijing and Taipei claimed that Taiwan was part of China under one (albeit differently defined) China,
      LAT-WP  -  407 words
    • Article
      Lock icon US-China relations built on a verbal fantasy
      442 11  -  By Jonathan Clarke The writer, a former British diplomat, is with the Cato Institute in Washington LAT-WP THE crux of America's problem with China over Taiwan is that relations are built on a verbal fantasy. For China, the problem has been long settled
      LAT-WP  -  442 words
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      351 12 Rorer guest-of-honour, BG George Yeo, p Minister for Trade Industry, for officiating at the opening of new We would also like to thank our j^k^ I Mi L many distinguished guests for *•***> joining us in our celebrations. **iitiifll BttM *^BP!Jj| The opening of the facility underscores the company's long-term
      351 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Briton wins top prize for bad prose
      451 13 US contest gets entries from S'pore, Saudi Arabia too Reuters [SAN FRANCISCO] Wry and sensitive it is not, but the sentence British civil servant David Chuter crafted has won him first prize in a contest for bad prose. Competition organiser Professor Scott Rice
      Reuters; FILE PHOTO  -  451 words
  • Page 13 Advertisements
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      420 13 *171 i i i presented Diners Club Offers Personalised Cash Access To apply, cal: Where to wine, dine and entertain... *'< *3 InlemalionaT a Qver 3Q OQQ locations worldwide. 290 4545 I \1 jjjutl II \W^kday§peeialkinehMJ $4,50 nptl per itp with ftjK-CHOICO of one coffw/lea or soft drink Teoehew Fried
      420 words
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      Lock icon Page 13 Advertisements Column 2
      79 13 "Eallrmni 'Dandnff AT THE NEPTUNE Set your night on fire. Tango, Waltz, Cba Cba or Rock Roll every ®Wednesday night as you dine 'jfiSv on our seafood servings uitb a complimentary glass of t of wine and stand a chance to attractive prizes weekly Every Wednesday, 7pm lam Pricing: $30
      79 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      1194 13 CRYPTIC CROSSWORD 1 Napoleon's novel home (6,4) —JH 9 Rebel is held by soldiers (4) |H| 10 He hasn't made the First XI Lh 11 Girl's pen had broken (6) HH 12 Flag officers? (7) 16 Speak for the whole people (5) 17 Choose to break new ground? f| 18
      1,194 words
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  • MOTORING
    • Article, Illustration
      Lock icon Bumper crop of new models
      421 14  -  Motor traders, capitalising on the enlarged COE quota, have driven car launches to a record 40 so far this year &y Christopher Tan [SINGAPORE] IT'S been a hectic year for product launches, with a record 40 new car models released to-date and more are on
      421 words
    • Article
      Lock icon VW expects Asia sales of 20,000 units by next year
      316 14  -  All reports by Christopher Tan [SINGAPORE] Europe's No 1 car maker Volkswagen expects its AsiaPacific sales to soar to 20,000 units by next year a little over double what it managed last year. Volkswagen Asia-Pacific director Marck Doll told BT
      316 words
    • Article
      Lock icon Tan Chong set to break record
      359 14 [SINGAPORE] Nissan distributor Tan Chong Sons Motor, the main revenue unit of Hongkong-listed Tan Chong International, could break its record sales this month, according to a wellplaced source. Last month, Tan Chong delivered 931 passenger cars and 241 commercial vehicles (including taxis) making a
      359 words
    • Article, Illustration
      Lock icon DaimlerChrysler Asia chief missing
      277 14 He's due back in Germany to testify in corruption trial [SINGAPORE] Ludwig-Hol-ger Pfahls, the Singaporebased chief executive of DaimlerChrysler Asia, has gone missing. He was on transit from Taiwan, where he had been hospitalised for what apparently was a stroke since April, to Germany. According to
      277 words
    • BUMPER to BUMPER
      • Article, Illustration
        Lock icon Jaguar designer dies
        83 14 uAiyUAK designer Lreon Lawson has died. He succumbed to a stroke on June 24 just after making a presentation at the Whitley Engineering Centre. His latest works include the X4OO "compact" Jag, which will be introduced in 2001. He was also responsible for the recently unveiled S-Type,
        83 words
      • Article
        Lock icon Comfort unit invests in bike training
        49 14 COMPORT Driving Centre, a unit of Comfort Group, has invested over $700,000 to start training for motorcycle riding, including $220,000 spent on an advanced simulator. The centre is now offering computerised trial testing—a multi-sensory, self-scoring system using video clips, animation and 3D effects.
        49 words
      • Article
        Lock icon CAAS unveils taxi paging system
        72 14 THE Civil Aviation Authority of Singapore has introduced a system that automatically pages for taxis to meet demand at Changi Airport. The system monitors the number of taxis queuing at the terminals as well as commuters waiting in line. If demand is higher than supply
        72 words
      • Article
        Lock icon Tan Chong introduces real-time booking
        76 14 NISSAN distributor Tan Chong has become the first motor company here to introduce real-time booking for service appointment. Through www.nissan.com.sg/ service, customers can also view their service history. Those who book an appointment through the Net will be sent an e-mail reminder. They will be
        76 words
      • Article
        Lock icon BMW senior exec joins Ford
        61 14  -  Compiled by Christopher Tan BMW has lost another key man to Ford. Victor Doolan, formerly head of BMWs American operations, has joined Ford as executive director of its Premier Automotive Group (in charge of marketing and distribution strategy for North America). He reports to Wolfgang
        61 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Confusion over NOL's fund raising
      407 15  -  Brokers, investors puzzled about 'x&ll' next to price quotes By' Ven Sreenivasan [SINGAPORE] The relatively unusual issue process for Neptune Orient Lines' US$5OO million (*****.9 million) fund-raising exercise has caused some confusion for both brokers and retail investors, and put downward pressure on the stock
      407 words
    • Article
      Lock icon SES seeks release of Clob shares over 12 months
      504 15  -  SIAS president understands this is the timetable, says it's reasonable From Eddie Toh in Kuala Lumpur THE Stock Exchange of Singapore (SES) has proposed to its Malaysian counterpart to release the frozen Clob shares over 12 months, according to the president
      504 words
    • Article
      Lock icon MCL keen to increase landbank: CSFB
      360 15  -  Group buying 117,000 sq ft Sembawang site from Tone group By. Ang Wan May [SINGAPORE] MCL Land is considering acquiring or merging with another property company to significantly increase its landbank. According to a Credit Suisse First Boston (CSFB) report, the listed property arm
      360 words
    • Article, Illustration
      Lock icon Two Irishmen join KepTatLee board
      909 15  -  Allied Irish Banks representatives will soon be on board to help develop a wider platform for business development By< Clarissa Tan [SINGAPORE] HE W H government-linked I H 1 company to have H <> foreigners on its board of directors is Keppel Tat Lee Bank
      CHRIS LOH  -  909 words
    • COMPANIES
      • Article, Illustration
        Lock icon SingTel in $350m deals with global service providers
        435 16  -  Contracts with Equant, Global One, Infonet; more are in the pipeline By' Teh Hooi Ling [SINGAPORE] Singapore Telecom announced yesterday it had secured over $350 million worth of contracts with major global service providers (GSPs) including Equant, Global One and Infonet. This
        435 words
      • Article
        Lock icon PacCan says JEL's $6.8m counter claim too high
        185 16 [SINGAPORE] Mainboardlisted Pacific Can said yesterday that Jurong Engineering Ltd's (JEL) counter-claim of $6.8 million against the group is "materially overstated" and added that it expects "a reduction of the figure" upon arbitration. Giving the background to the case, a PacCan statement
        185 words
      • Article
        Lock icon Delgro buys London radio cab operations
        164 16 [SINGAPORE] DelGro Corporation is expanding its radio taxi operations in London with the purchase of Datacab, London's fourth largest radio circuit. The company, through subsidiary Computer Cab, signed an agreement on Tuesday with The Hansom Group to buy 100 per cent of of Datacab
        164 words
      • Article
        Lock icon Creditors approve Goldtron debt restructure
        369 16  -  $300 m debt covers external and inter-firm loans By' Ven Sreenivasan [SINGAPORE] Debt-ridden Goldtro'n Ltd has struck a deal with its creditors to restructure its debt. The company and its creditors yesterday announced a Scheme of Arrangement for some $300 million of debt, including $200
        369 words
      • Article
        Lock icon UOL warrants priced at 31 cents each
        326 16 [SINGAPORE] United Overseas Land's issue of up to 193 million warrants in conjunction with a transferable loan facility (TLF) and bond issue is being priced at 31 cents a warrant. In the exercise announced in May, the property arm of United Overseas Bank
        326 words
      • Article, Illustration
        Lock icon Metro sells 5th storey of Lucky Plaza for $48m
        465 16  -  It expects to net $5m surplus from sale of 58,300 sq ft freehold strata office By) Rahita Elias [SINGAPORE] Listed Metro Holdings has sealed a deal to sell the entire fifth storey of Lucky Plaza for $48 million. In a statement
        FILE PHOTO  -  465 words
      • Article
        Lock icon Kim Eng reports loss of nearly $3m on Thai business
        203 16 It also informs SES of $43m unsecured short-term debts [SINGAPORE] Kim Eng Holdings yesterday said that it incurred a loss of nearly S3 million on its operations in Thailand, and that its unsecured short-term borrowings have jumped to $43 million.
        203 words
      • Article
        Lock icon Why Japanese stocks could go a lot higher
        973 16  -  HOCK LOCK SIEW Anthony Rowley A GIANT wave of liquidity is washing up, ttumz/m-like, on the shores of the Tokyo stockmarket and analysts who are over-cautious in their predictions appear likely to find themselves engulfed before they know what hit them. Forecasts
        973 words
      • COMPANY Briefs
        • Article
          Lock icon Compulsory acquisition of ERL shares
          119 16 [SINGAPORE] Ingram Micro Asia Holdings Inc, an investment vehicle for US distributor Ingram Micro, is making an unconditional voluntary offer for all the shares and warrants it does not hold in Ingram Micro Asia Ltd, formerly known as Electronic Resources Ltd. Sister company Ingram Micro
          119 words
        • Article
          Lock icon Trademart buyers to exercise option
          49 16 [SINGAPORE] Hwa Hong Corp's wholly-owned Singapore Warehouse Company (SWC), together with DBS Realty, will exercise their option to buy the land and premises of Trade Mart Complex Singapore for $480 million from Trade Mart Singapore, which is equally owned by SWC and Parkway Holdings.
          49 words
        • Article
          Lock icon FLEH Aussie unit posts A$646,000 gain
          69 16 [SINGAPORE] Freight Links Express Holdings' 71.5 per cent-owned Freight Links Express Holdings (Australia) has made after-tax profits of A 5646.335 (*****,000) in its first full year ended April 30. Earnings per share were 3.12 Australian cents, while dividends of 1.48 Australian cents have been
          69 words
        • Article
          Lock icon Stamford Tyres back in the black
          82 16 [SINGAPORE] Stamford Tyres Corp has reported full-year net earnings of $3.4 million, following a loss of $5.6 million in the previous year. Turnover for the year to April 30 grew 13.3 per cent to $104.4 million. Earnings per share were 5.73 cents compared to
          82 words
        • Article
          Lock icon Tibs and SBS in routes swop
          103 16 [SINGAPORE] Tibs Holdings will swap its existing eight bus services in Sengkang and Punggol with Singapore Bus Services Ltd (SBS) for SBS' 17 services in Choa Chu Kang and Bukit Batok. Based on current ridership, the total annual revenue for the eight services in
          103 words
        • Article
          Lock icon LC Devt gets SES nod to buy LC Hotels
          70 16 [SINGAPORE] LC Development (LCD) yesterday received in-principle approval from the stock exchange for the acquisition of LC Hotels and the issue and listing of new shares for the move. But as LCD shareholders have to approve the deal, LCD said it
          70 words
      • Article
        Lock icon Metro Pacific sells second unit in a month
        397 17  -  Skinc&re products maker Metrolab sold to Philippine unit of Sara Lee for lb pesos From, Al Labita in Manila THE listed Philippine flagship of Hongkong-based conglomerate First Pacific Co Ltd yesterday announced the sale of a second subsidiary within a month to
        397 words
      • Article
        Lock icon UEM soars on talk of water tunnel project
        460 17  -  It's seen as a strong contender for the &M2b works From. Ruth Wong in Kuala Lumpur SHARES of construction giant United Engineers (Malaysia) Bhd (UEM) have seen strong support of late following market talk that the group is vying for a water
        460 words
      • Article
        Lock icon HK's China.com runs up 233% on Nasdaq debut
        574 17 Success seen paving listing path for other Chinese cyber firms AFP [HONGKONG] Hongkongbased Internet firm China.com made a euphoric debut on the Nasdaq electronic exchange, and its success is expected to pave the way for future listings by Chinese cyber firms, analysts
        AFP  -  574 words
      • Article, Illustration
        Lock icon Super-telephoto lenses
        55 17 [TOKYO] Canon engineer Masanori Ishikawa displays the image stabilising unit for new super-telephoto lenses of (left to right) 300mm/f2.8, 400mm/f2.Band 600mm/f4at the company's headquarters in Tokyo yesterday. The image stabiliser allows photographers greaterflexibility to hand hold the lenses. The 300mm/f2.8 lens will be sold in late July at
        AFP  -  55 words
      • Article
        Lock icon C&W HKT boosting Net service
        302 17 Spending HKssoom this year to extend broadband coverage Bloomberg [HONGKONG] Cable Wireless HKT, Hongkong's dominant telecommunications company, plans to spend HK$5OO million (*****.4 million) by the end of the year to extend the coverage of its high-speed Internet service network to 80 per cent from
        Bloomberg  -  302 words
    • US CORPORATE RESULTS
      • Article, Illustration
        Lock icon Ford's operating profits hit record US$2.48b
        419 18 Results underpinned by 19% rise in North American automotive earnings Reuters, Bloomberg [DEARBORN, Michigan] Ford Motor Co, the world's No 2 automaker, yesterday reported record operating profits of US$2.4B billion (554.21 billion) for the second quarter, up 4 per cent from a year earlier
        Reuters,; Bloomberg; FILE PHOTO  -  419 words
      • Article
        Lock icon Motorola's US$273m profit in Q2 larger than expected
        542 18 Bnt shares slide as it warns of possible Q3 Iridium charges Reuters, Bloomberg [CHICAGO] Wireless communications and semiconductor maker Motorola Inc on Tuesday reported a larger-than-ex-pected second quarter operating profit of US$273 million (***** million), bolstered by strong growth in semiconductors and
        Reuters,; Bloomberg  -  542 words
      • Article
        Lock icon Int'l Paper earnings slip but firm sees trends improving
        420 18 Reuters [NEW YORK) International Paper Co, the world's largest paper company, said on Tuesday that second-quarter profits, before charges from its merger with Union Camp Corp, slipped 3 per cent from a year ago, but said trends in all of its
        Reuters  -  420 words
      • Article
        Lock icon Time Warner Q2 profit soars on higher ad sales
        213 18 Bloomberg [NEW YORK] Time Warner Inc, the world's No 1 media company, had better-than-expected second-quarter profit, fuelled by higher ad sales at its cable television networks and at its magazines such as Sports Illustrated. Profit, including a gain, rose to US$593
        Bloomberg  -  213 words
      • Article, Illustration
        Lock icon Intel earns US$1.7b but it's still short of expectations
        508 18 Company calls it seasonal slowdown, expects strong H2 LAT-WP, Reuters [WOODSIDE, California] The plunging prices of personal computers are taking only a modest toll on Intel Corp, the company that is outfitting many of those PCs with microprocessor chips. The company
        LAT-WP,; Reuters; Source: Bloomberg  -  508 words
      • OTHER Results
        • Article
          Lock icon Higher fees a boost for State Street
          86 18 Bloomberg [BOSTON] State Street Corp, the biggest US provider of record-keeping, accounting and daily pricing services for institutional investors, said second-quarter earnings rose almost 14 per cent as fees gained in every business. Its net income rose to U*****.4 million (5J209.5 million), or
          Bloomberg  -  86 words
        • Article
          Lock icon First Union Corp earnings down 9.3%
          83 18 Bloomberg (CHARLOTTE, North Carolina] First Union Corp. which cut its earnings forecast twice this year, said second-quarter profit from operations fell 9.3 per cent as higher expenses and a decline in capital markets income offset gains in asset management. The Charlotte, North Carolina-based bank,
          Bloomberg  -  83 words
        • Article
          Lock icon Fleet Financial Group's profit up 15%
          68 18 Bloomberg [BOSTON] Fleet Financial Group Inc, New England's largest bank, said second-quarter earnings rose 15 per cent as more stock and bond trading activity boosted fees from investment services and capital markets. The Boston bank's net income rose to US$45O million (***** million), or
          Bloomberg  -  68 words
        • Article
          Lock icon Polaroid's Q2 net up as sales slump ends
          86 18 Bloomberg [CAMBRIDGE, Massachusetts]' Polaroid Corp, the world's biggest instant photography company, said second-quarter profit rose elevenfold, matching estimates, as new products helped break an 11-quarter skid of declining sales. Net income was US$l4.B million (5525.1 million), or 33 US cents a share,
          Bloomberg  -  86 words
        • Article
          Lock icon Dow Jones profit higher on strong ads
          77 18 NYT [NEW YORK] Strong gains in advertising and low newsprint prices combined to propel Dow Jones Co's second-quarter earnings above analysts' expectations. The company reported on Tuesday that its net income for the quarter reached U5557.2 million (5J97.1 million), or 62 US cents
          NYT  -  77 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon NYSE may buy electronic network: chairman
        263 19 Bridge News, Bloomberg [NEW YORKJ New York Stock Exchange chairman Richard Grasso Tuesday said purchase of an electronic network to ensure the exchange is at the cutting edge of technology is "a distinct possibility". Mr Grasso, speaking on business cable network CNBC said the
        Bridge News,; Bloomberg  -  263 words
      • Article, Illustration
        Lock icon Time Warner, Sony to buy online music retailer CDNow
        557 19 Combined with Colombia House, new company could see online revenue of USssoom by 2000 Bloomberg, NYT [NEW YORK] Joining the growing ranks of media companies with quasi-indepen-dent Internet units, Time Warner Inc and Sony Corp, which own two of the world's
        Bloomberg,; NYT  -  557 words
      • Article
        Lock icon MCI, Earthlink in high-speed Internet access tie-up
        321 19 Aim to sell retail services in 25 markets by year-end NYT [NEW YORK] MCI Worldcom Inc made a big move into the consumer market for high-speed Internet access on Tuesday, announcing a partnership with Earthlink Network Inc to sell retail services in as
        NYT  -  321 words
      • Article
        Lock icon Compaq struggles for direction without CEO
        340 19 It may lose more money and customers with farther delay Bloomberg [HOUSTON] Compaq Computer Corp's quest for a new chief executive is dragging on longer than some analysts expected, and the No 1 personal computer maker may lose more money and customers if it
        Bloomberg  -  340 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon AIG, others urged to improve bids for Korea Life takeover
        319 20 Bloomberg [SEOUL] South Korea has given several more days to American International Group Inc (AIG), the largest publicly-traded US insurer, and two other bidders to improve their proposals to buy ailing Korea Life Insurance Co. "We are not happy with
        Bloomberg  -  319 words
      • Article
        Lock icon BrokerTec seeks partners in electronic trading
        445 20 It asks exchanges to join in developing system for trading futures Bloomberg [JERSEY CITY, New Jersey] Broker Tec Global LLC, a company backed by the world's largest investment banks, is asking exchanges to join in developing an electronic system for trading futures worldwide around
        Bloomberg  -  445 words
      • SMALL Change
        • Article
          Lock icon Fujitsu, Nikko in Net securities venture
          85 20 AFP [TOKYO] Japan's Fujitsu Ltd and Nikko Securities Co Ltd said yesterday that they will set up a joint securities firm providing services via the Internet. The two companies will form a joint venture brokerage, Internet Trading Securities, by the end of the year
          AFP  -  85 words
        • Article
          Lock icon Dresdner denies talk of trading ban
          72 20 Reuters [FRANKFURT] Germany's Dresdner Bank AG denied speculation yesterday that it had ordered its traders not to trade in its own shares but declined comment on whether it was planning to merge with HypoVereinsbank AG. Shares in both groups surged yesterday amid renewed speculation
          Reuters  -  72 words
        • Article
          Lock icon Goldman Sachs buys Korean hotel
          83 20 AFP [SEOUL] US investment bank Goldman Sachs has paid 38.9 billion won (5555.9 million) for a luxury hotel in the southern city of Pusan, sources at Hyatt Regency hotels said yesterday. The firm, making its first investment in the South Korean property market, said on
          AFP  -  83 words
        • Article
          Lock icon Deutsche Asset aims to be big in Japan
          88 20 Reuters [TOKYO] Deutsche Asset Management, the asset management operations arm of the Deutsche Bank group, aims to become one of the top five asset managers in Japan within five years. Robert Smith, Deutsche Asset's chief executive officer, told a news conference on
          Reuters  -  88 words
      • Article
        Lock icon IPE to trade oil futures in bid for market share
        343 20 Bloomberg [LONDON] The International Petroleum Exchange, the world's second-biggest energy exchange, will introduce a fuel oil futures contract on Sept 3, in a bid to attract more business to its trading floor. Fuel oil is currently traded on spot markets
        Bloomberg  -  343 words
      • Article, Illustration
        Lock icon Wall St takes bets on Merrill's next president
        550 20 Five in the running whoever gets job is likely to succeed chairman Komansky Bloomberg [NEW YORK] Wall Street is already handicapping who'll be Merrill Lynch Co's next president, a day after Herbert Allison quit when he was told he wouldn't run the
        Bloomberg; FILE PHOTO  -  550 words
      • Article
        Lock icon BCCI prosecutor calls for end to all bank secrecy laws
        402 20 World can no longer afford 'legal quirks' such as Antigua FT [LONDON] The New York district attorney who successfully prosecuted the collapsed Bank of Credit and Commerce International (BCCI) called on Tuesday for an end to all bank secrecy laws.
        FT  -  402 words
      • Article
        Lock icon Futures close up in active trading
        158 21  -  SBKEKBeports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore market put up a mixed performance yesterday. The Straits Times Index rebounded strongly in the morning but retreated in the afternoon to close at 2,178.63, up just 0.14 point or 0.01 per cent. The
        158 words
      • Article
        Lock icon Panic-selling sends futures tumbling
        143 21  -  MSCX Taiwan fixtures Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures plummeted sharply yesterday, posting a loss of 16.60 points as political tension with China showed no signs of easing. The Taiwan Weighted Price Index saw its biggest one-day fall, slipping 315.84 points
        143 words
      • Article
        Lock icon Oil surges to US$19.43 a barrel as US inventories dip
        330 21 ENERGY REPORT Reuters [LONDON] World oil markets stampeded to another high yesterday amid fresh evidence from the United States that Opec export limits are swiftly erasing excess petroleum stockpiles in the West. London August futures for benchmark Brent crude traded
        Reuters  -  330 words
      • Article
        Lock icon CURRENCY REPORT
        347 21 Reuters London THE euro enjoyed a respite against the US dollar yesterday, rising over a cent from life lows, but was still seen at risk of hitting parity with the US unit. Only 24 hours ago, traders were betting the euro would hit US$l.OO, but it defied all
        Reuters  -  347 words
      • Article, Illustration
        Lock icon Untitled
        1262 21 MTERBAMK CROSS RATES u A$ C$ Bib Euro Ffr Dm H*$ Ind9i»upiah Von Wow B* *2$ Pafc Bs Peso S$ Bawd Sir HT$ Betrt htmt US$ Australia 0.979 6.178 0.652 4.277 1.275 5.131 28.588 44.198 0.801 7.802 2.512 1.265 34.287 25.282 1.123 4.069 1.046 21.355 24.525 0 426 0 661
        1,262 words
      • Article
        Lock icon Untitled
        1848 21 SICOM FUTURES Jul 14 RUBBER (Mutm ctosinq rt 5J0sm) RSS1 CONTSACTiS cwtsAq) CtOM VotaM Opm Month High Low Satt (Uhww) lirtftit Aug 99 94.25 300 S«p 99 96.00 900 Oct 99 99.25 99.25 96.25 600 300 Nov 99 99.75 350 Dcc 99 101.50 350 Jan/Mar 00 104.50 300 RSS 3
        1,848 words
    • Article, Illustration
      Lock icon HONGKONG
      1421 22 AFP Q Hang Seng -***** HONGKONG share prices plunged 2.9 per cent yesterday on concerns over tension between China and Taiwan as well as upward pressure on interest rates, dealers said. "Sentiment has been affected by some bad news including the growing tension between China and Taiwan," said Howard
      AFP  -  1,421 words
    • Article, Illustration
      Lock icon CHINA
      560 22 AFP Reuters |3 Shanghai B Index -2.44 SHANGHAI'S B shares dropped 5.3 per cent yesterday, with domestic institutions dumping large-capitalisa-tion counters amid pessimism about the market's short-term prospects, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, closed 2.44 points lower at
      AFP; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  560 words
    • Article
      Lock icon TAIPEI
      290 22 AFP □wp Index -31&84 TAIWAN share prices plunged 3.8 per cent yesterday as investors dumped stocks amid renewed tensions with China, dealers said. The drop followed a 3.1-per cent drop the previous day after President Lee Teng-hui infuriated China with his remarks that Taiwan, which Beijing considers a renegade
      AFP  -  290 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2199 22 LONDON Mvitriflis MM Hmt *h 31 Group 8.09 0.05 Abbey National 1193 0.39 A B Foods .—4.17 -0.06 AS Ports 3.07 0.08 AstraZeneca 2145 0.30 A Diane* Leicester 8.44 0.14 Allied Oomecq 5.76 -0.18 AHied 2urtetl 7.78 -0.21 Angle Awartt cm 43.70 unch ASOA Croup 2.17 unch
      2,199 words
    • Article
      Lock icon TOKYO
      1636 22 AFP, Bloomberg Q Nikkei 225 +***** SHARE prices in Tokyo closed one per cent higher yesterday, with gains in blue chips boosting sentiment, brokers said. The key Nikkei Average of 225 selected issues on the Tokyo Stock Exchange rose 176.77 points to finish at 18,357.86. The market was particularly
      AFP,; Bloomberg  -  1,636 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares end higher on speculative trade
        411 23 AFP 11 Composite Index 920 MALAYSIAN share prices closed 1.1 per cent higher in brisk trade yesterday due to bargain-hunting, dealers said. Dealers said short-term players and retailers were in the market for quick gains. A dealer with a local brokerage said short-term players
        AFP  -  411 words
      • Article
        Lock icon Untitled
        8726 23 MOUSTMALS Coniinr products 1999 LMl Vol Day Net Cap High Lao Company Jala OOP High Lao P/t $mk 440 255 Ajinomoto 380 -10 12 388 378 24.1 154.0 162 46 Angkasa 162 16 1814 162 145 238.9 404 220 Apollo Food Hlg 390 8 179 392 370 13.6 156.0 294
        8,726 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Rebound on the cards for GK Goh wrt?
        179 24  -  WARRANT WATCH By R Sivanithy WITH the earnings season approaching soon, the market should start adopting a much more selective approach to stockpicking. The one area which will very obviously report stunning results is stockbroking, so perhaps it's best to revisit the
        179 words
      • Article
        Lock icon CLOB INTERNATIONAL
        218 24 IIOWC KQWC STOCKS Cr Cr 52-Ml L*St Val Of Lut OlMtt M» DK YM N« M l— stw cimum room Wg l— Bwyr s—■> c» */c Smt 365 173 5123 CW. (2000) HK 310 -5 8 310 310 330 8 3.7 26 10 5 6002.1 5124 C«th*vPac20cHK_720 265
        218 words
      • Article
        Lock icon Untitled
        2151 24 BONOS, LOANS VARIANTS wt 52 -Wk Last Vol Day Last Ouot« *»<) High Ln Stiw Company Sale »ar- COOO) High Lav Bu»»r Seller Price 104 3 s 3160 -Acer ******1USS .IZZZZZZZZZjl 693 74 69 70 72 80 4.5 s 3164 Acma ******4 46 *3 405 50 46 46 47 51
        2,151 words
      • Article
        Lock icon WELLINGTON
        285 24 AFP n Wellington -4J2 NEW Zealand share prices ended 0.2 per cent weaker yesterday despite the market's support for a restructuring announcement by Fletcher Challenge Ltd. The NZSE-40 Capital Index fell 4.52 points at 2,169.55 on turnover of NZ$375 million. AFP mm *h root) Advantaga HDS 2.94 0.06 121
        AFP  -  285 words
      • Article, Illustration
        Lock icon BANGKOK
        868 24 AFP jJSETMei 425 THAI shares dipped 1.2 per cent yesterday in thin trade dominated by regional concerns including tensions between Taiwan and China, dealers said. Share prices closed lower across the board led by financial, amid selling spurred by weakening regional markets, dealers said. They added that concerns over
        AFP  -  868 words
      • Article
        Lock icon SEOUL
        414 24 AFP Q Composite Iniex -3X83 SOUTH Korean share prices fell 3.4 per cent yesterday on continued foreign selling, dealers said. Trading was volatile, with institutional investors sidelined by continued active foreign selling, they said. "Looking to (easier) money market rates today, the market should have come up," Samsung Securities
        AFP  -  414 words
      • Article
        Lock icon SYDNEY
        653 24 AFP PAflOrfairiM -15 AUSTRALIAN shares closed down 0.3 per cent yesterday after losses on Wall Street kept several leading stocks under pressure, brokers said. The Australian Stock Exchange's All Ordinaries Index finished down 9.5 points at 3,054.4. The All Industrials Index dropped 24.3 points to 5,286.7 while the All
        AFP  -  653 words
      • Article, Illustration
        Lock icon JAKARTA
        716 24 AFP PI Composite Index +&08 INDONESIAN share prices closed 1.3 per cent higher yesterday on a late rebound in select large cap stocks and second-liners, dealers said. They said a significant fall in the interest rate on benchmark one-month Bank Indonesia Certificates (SBIs) also helped to firm sentiment in
        AFP  -  716 words
      • Article
        Lock icon MANILA
        308 24 AFP Q Manila -3153 PHILIPPINE share prices closed 1.3 per cent lower yesterday due to fears that interest rates might be raised to halt feared currency speculation, analysts said here. The Philippine Stock Exchange Composite Index fell 33.53 points to close at 2,570.96. Volume fell to 1.9 billion shares
        AFP  -  308 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7178 25 Or Or M W1 52-*fk Last Vol Day Last Ouota Mv D* YM Nat Cap Av« High Low StNo Company Sals OOO) High Law *iyw gjjhc C'yr W JmM Prica MUiTHNBUSTRY 182 17.5 m b 1000 Acma 50c 144 *2 490 147 141 143
      7,178 words
    • Article
      Lock icon SESDAQ
      1498 25 Transaction date: Jul 14 Cr Qf M Wt S2-WH Last Vol Dry Last Ouot. Dlv Otv Yld Nat Ca* Av« l— tm» c roooi l— m** %tmm cv w mm manufacturing 218 30 c 2049 AS Auto 10c 177 -2 912 186 177 177 178 10 N 0.6 202.1
      1,498 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        416 26 Stocks Volume Asia Food&Prop 29,473,000 Hotung Inv NTS 28,381,000 Golden Aqri USIOc 22,876,000 Eagle Brand Hldgs HK75C 16,756,000 •Gentinq lilt 15,674,000 IPC Corpn 5c 13,507,000 •TanChonglnt50c 12,279,000 GES Intl Ltd 20c 12,175,000 PohUanlOc 11,071,000 DragonLand 10c 9,978,000 Utda SPH 58,166,666 *7anChonglnt50c 31,945,650 OCBC Foreign 23,611,410 Asia FoodtProp 21,901,810 GES Intl
        416 words
      • Article, Illustration
        Lock icon Worries over China-Taiwan tension wipe out early gains
        629 26  -  STOCK MARKET COMMENTARY SPH hits record $33, providing most of the support for STI; forced selling eases By R Sivanithy WORRIES over the current ChinaTaiwan friction spoiled what could have been a day of decent recoveries for the local stock market yesterday.
        629 words
      • Article, Illustration
        Lock icon HOT STOCK
        75 26  -  By Ven Sreenivasan TAIWANESE investment company Hotung Investment's shares have retreated significantly from its recent high at 70 US cents. However, the counter has solid support at current levels and is set to recover lost ground soon. The technical charts suggest the counter is oversold in the short
        75 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Another DBS gripe
          123 26 EVEN as DBS Bank is taking the flak on its poor handling of the Nets fiasco, a reader wrote to us to complain about the bank's Internet banking service. He had discovered some transactions missing on his June 30 statement which the bank claimed were due to
          123 words
        • Article
          Lock icon Obituary gender bias
          193 26 MEN are more than twice as likely to be memorialised on the obituary pages of major US newspapers than women, a bias that has changed little in the past two decades. According to Reuters, a study by sociologist Robin Moremen of Northern Illinois University in Chicago examined
          193 words
        • Article
          Lock icon Penetrating the pickle market
          164 26 REMEMBER the old saw about how lucrative it could be doing business in China because "if each of the 1.2 billion people there buys a pair of socks, you can sell over a billion pairs of socks a year?" Well, this is now being applied in
          164 words
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      193 17 Enjoy more than just high interest from a Citibank Foreign Currency Deposit.* Receive Takashimaya shopping vouchers** in addition to interest on your Citibank Foreign Currency Deposit.* If you're shopping for an attractive foreign currency deposit with a little something extra, search no further. Because in addition to attractive rates from
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      1187 18 -US METALOCK (SINGAPORE) LIMITED AND SUBSIDIARY COMPANIES Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting of the Company will be held at Albizia 1, Level 2, Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Friday, 6 August 1999 at 11.00 a.m.
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      5 18 Strait Talk ThfßisinessTimes Shipping Times
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      232 19 fnrrsw* mytu s*»<; r hrc- ,r:- -<« t -2L>L ~:\*V > ST :> <, .£>. *->: Ki> <$! "-r r &<■ 4.. v'" >.: ..v !V .i. J>: •>' 'Sfc v >* > > f '*V!L Ws %'-CMB 4; Wm£s > •>*' ■<••' >' ?■'s?-?£.-'V ,$?4 '^r• Jh > v
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      53 22 ow I A buyer X I love this car 1 the very I that I found next day. I through J N The Straits Times I room Buying or seltlruz through i W^at 3 The Straits Times Classified is child's Play. P re "y car 'l 1 i— Call C.A.T.S.
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      64 25 Sole Distributor Main Service Centre: I f\ H f HH«I O C ft 12$. X TUTTTIO THE SWATCH GROUP SEA (S) PTE LTD L W I I>£ II ICO Tif J INI I tT IV Eo 438 A Alexandra Road *05-03/04 Alexandra lechnopark jnprm-> Singapore *****7 Tel: *****88 Fax: *****96
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      382 26 NOTICE IS HEREBY GIVEN that I,AU KOK KEONG of Apt Blk 325 Tah Ching Road, #04-34, Singapore *****5, have applied for a Beer House, First Class Licence in respect of M/s Wing Seong Fatty's (Albert) Restaurant Pte Ltd. located at 175, Bencoolen Street, #01-31 Burlington Square Singapore *****9, and that
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      101 26 In the matter of the Companies Act, (Cap. 50) And In the matter of KIAN FU DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308(2) of the Companies Act, (Cap. 50) that the FINAL MEETING of the Members of the
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      746 26 Toothache? See your dentist, investment advice 7 You need DBS investor Online. Get the Best, all us at 323-3955 S3IXISBANK As instructed by the Judicial Managers of Emporium Holdings Lid (Judicial Managers appointed.) All must go at no minimum* or reserves! Auction Details Preview: Friday, 16 July 1999 Auction: Friday,
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      210 26 NOTICE IS HEREBY GIVEN that I, AMARJEET SINGH CHAIL of Blk 22, #14-116 Holland Drive Singapore *****2, have applied for a Ist Class Public House Licence in respect of M/s Bojangles Cafe Wine Bar located at 422, Upper Bukit Timah Road, The Rail Mall, Singapore *****1, and that this application
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      40 26 GET THE ONE THAT FITS! Jh Multi-skilled worker, aspiring leader, ail-rounder, star performer_ Find the right staff through The Straits Times Recruit. TTieStraitsTiimy 1800-741-1883 SYour wMkly fuMc to pubi and lounves r f every Friday Th« New Npr FistWi S29SE3tXS
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  • TIME & MOVEMENT
    • Article, Illustration
      Lock icon Sports, steel and sparkle dominate this year
      740 27  -  larry wee previews some of the new timepieces that should be arriving in Singapore over the coming months from Basle and Geneva LARRY WEE EACH spring, watch lovers thrill with anticipation as the best in the craft of watchmaking gather at fairs in
      740 words
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      Lock icon Spotlight on sports watches
      1312 28  -  These timepieces come housed in steel or rubber, some even cased in precious metals such as platinum and white gold, reports lakrtwhe LARRY WEE SPORTS watches evolved quite naturally from the desire to wear watches that provide important information for, and are tough enough to withstand
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      Lock icon Diamonds are a girl's best friend
      780 31  -  larry wee looks at the watch-makers' latest sparklers LARRY WEE IT is a fact that men form the overwhelming majority of serious watch collectors. It is also a fact that these seri-ous-minded people look down with considerable disdain at people who buy quartz watches
      780 words
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      Lock icon No diamonds please for the guys..
      695 32  -  ...even though men's dress watches today often come with a little more than just the time, larry web looks at some of the extra touches LARRY WEE WHILE chunky sports watches in steel seem to be very much the "in" thing, the cross-over between
      695 words
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      Lock icon Exciting times ahead for watch lovers
      545 33  -  larrt wee gives a sneak preview of forthcoming events to be hosted by Cortina and Sincere, beginning with an exhibition of Chaumet timepieces this Saturday LARRY WEE WATCH lovers in Singapore can look forward to a series of exciting watch events in the second
      545 words
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      Lock icon Watch-collecting catching on
      1222 34  -  Susan tsamg looks at the kinds of timepieces that appeal to collectors SUSAN TSANG TIME, and ways of measuring its passing, has always been with us. However, in the field of collecting, timepieces have been lagging behind other collectibles like paintings and ceramics. In fact, wristwatches have
      1,222 words
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      Lock icon Great times on S'pore scene
      657 35  -  Three retailers here will bring in at least one new name each with eye-catching designs, larry wee has the details LARRY WEE BEHIND the scenes each year in Basle and Geneva, retailers from all over the world also meet watch-makers to negotiate or renew agency
      657 words
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      Lock icon For the lucky few
      1477 36  -  Women pick up eye-popping jewellery, men collect limited edition watches, larry wee presents the latest for those with dash and cash LARRY WEE LIMITED edition watches take advantage of that very human need to be different, to be able to distinguish oneself from the plebes. Women
      1,477 words
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      Lock icon What makes Patek tick
      1877 38  -  Why are people willing to pay such huge sums to own a Patek Philippe? larry web visits its Geneva factory to find out what's so special about it LARRY WEE THE Swiss watch industry estimates that last year, at least 500 million watches were produced worldwide,
      1,877 words
    • Article, Illustration
      Lock icon Pleasant complications
      851 40  -  larry wee highlights some intricate offerings from master watchmakers LARRY WEE AS if you haven't been already been spoilt for choice, here are a few more complications to deal with. But it will be a pleasant task, of course. For a start, let's look at a couple more
      851 words
    • Article, Illustration
      Lock icon The unusual beckons
      664 41  -  Games and Greenwich Mean Time are some of the inspirations behind these novel watches, larry wbb takes you on a visual tour LARRY WEE FOR those who love something out of the ordinary, watchmakers did not disappoint this year. In some cases, it was a daring new
      664 words
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      90 27 L.U.C X JoKISVf a proud watchmaking tradition Jf Mm The automatic presented by Chopard called LJUC short for Louis-Ulysse ■>Jvty Chopard tribute the company founder. Setting this fine calibre to its best J W$m!^§L^ESPRe I '*''advantage, the LUC mens watch is produced in limited series of 1860 in yellow J
      90 words
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      234 28 ALFRED DUNHILL The True Measure Of Time lime globally is measured against that at 0* of Longitude the line of the Greenwich Royal Observatory in London (the home o! Greenwich Mean Time) since the year 1875. Alfred Dunhill brings you the latest and finest collection of timepieces that the world
      234 words
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      79 29 Ralf Schumacher and Alex Zanardi's Choice lu -I^m MiMBKiBWP^MM k^^^Bp/ Jwl l m I f jPl^^B Jr ami w»4Pl^^B chronograph. Carbon Ref No 555,850/=^^H^H^^^^^^EB^S^^^^^^^^KB^^HnyVyr|r^JP^Lfl|v Formula 1, Oct 15 Sepang, Malaysia. OMEGA Swiss made since 1848. o OMEGA The sign of excellence 1 o Main Scrvice Centre: 438 A Alexandra Road
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      130 30 7* The COSC-certified Concord Impresario [j Chronographe is one of the most precise y >f,\ timepieces ever made. Inside: The world's I k>. first automatic chronographe movement that I jS" l S |HMI measures time to 1/10 of a second, and j <t t j lX >° JJH 111! reports
      130 words
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      71 31 Maurice Lacroix. Tomorrow's Classics Masterpiece Ptiase de Lune No. *****-1121 Masterpiece Phase de Lune: Automatic movement ML 37, stainless steel case, scratch resistant sapphire crystals (see through back). 111 water-resistant to 50m, available in Boys and Mens sizes. Please contact S.A. Desco Singapore Pte Ltd at Tel: 222 0322 I
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      70 31 t tY To T. CORUM TABOGAN On your wrist or bureau A contemporary watch forever with you. Steel or 18 carat gold Automatic mechanical or quartz movement. Registered model Manufactured in Switzerland In exclusivity at LUCKY PLAZA >K MILLENIA WALK #01-32 Tel. 734 3668 Fax: 738 1873 #01-63/64 Tel: 339
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      49 32 Bell ROSS VINTAGE COLLECTION Model: Vintage 126 B. Deluxe Eastern Watch Centrepoint. Sincere Watch Ngee Ann City. Sincere Watch Duty Free Singapore Changi Airport Terminal 2. Watches of Switzerland Forum. Information and catalog: Exclusive Distributor: BMI Singapore. Tel 737 3786. Fax 737 7300. emaihsam be n@hld.fjb. com. sg.website:http://www. bellross.com
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      111 32 •CITIZEN v %N v V .s V ~,:Y V > N x r v [.<, x -K •v\ j undersea treasure -.Z'f > V vV > V v. Eco-Drive THE LIGHT-POWERED WATCH Citizen has gone to great lengths—and depths—to create Eco-Orive the first light-powered watch with a depth sensor Engineered
      111 words
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      85 33 It harnesses natural power lignt source and the movement of your wrist. Fully charged, fflneeps quartz-accurate time for a full 5 months eliminating the need to change a battery. Chronograph functions keep you up to speed in any sporting event, depths its case is water-resistant to 100 meters. With a
      85 words
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      66 33 E o u 0 E E 1 Cape Land v Jttkgm E o o •a u E E 3 M 7 E o tl o K E —-Hampton IMMK JBHBBSf BAUME MERCIER GENEVE *1830 Hoy Emm vmoi• Ro»ai men carw sw>« wax* itm cu. waxftaa axtzaMM. Malaialai Plagal, Lot 0078.
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      113 34 2? O) Invented fon known. It is imbul exploits of his dd Breguet, one of the to man's conquest of the aviation. Long the Cxfl the Breguet "Point d'intermgation", p i chronograph is now I 1 lian instrument, perfeH f X M> #C 4 m Jr. Jjjj»y via Br- I
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      164 35 I Invented for you I The Type XX chronograph has a by pilots, doubly prestigious heritage. It is true to BeXX'S ■ms -fly-back" the inventive spirit of Abraham-Louis H. Breguet, the greatest watchmaker ever I known. It is imbued also with the I exploits of his descendant, Louis Breguet, one
      164 words
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      180 36 w-""> IssMbj&v |I JtH[ r 99if^HHE ~zji J?» %rp t v 4-^ 8? t i P R I I A 1 KHr J I I k <iF A Mr V V R -A.. JBk< 11 11 ■k 1 ■jfe, ■b^W J ll ■■MP dflp SSSS j„. 'f l f I
      180 words
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      211 37 The Titanium IWC. Political correctness notwithstanding, this is a man's watch. The hard facts? The world's first titanium chronograph was made by IWC. Now comes the GST Chrono Automatic, a mechanical chronograph made of tough. skin-friendly titanium. Sapphre crystal, hardness degree 9 Patented bracelet system. Water resistant to 120 meters.
      211 words
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      99 37 Vintage 1945 k GP GIR ARD PERREGACIX Manufacture depuis 1791 Exclusive Distributor: YvvTj7S/J BMI Pte Ltd Service Centre Showroom: 6B Orange Grove Road Tel: 737 3786 oelahautf«o»i.og£«f Available at all authorised retailers: CORTINA WATCH CENTRE Millenia Walk Tel: 339 1728 Paragon Tel: 235 0084 Raffles City Tel: 339 2107 ROY
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      89 38 cIW l^h>W m iv Tpfait. i*P 1 '/Oi *lte. |f; ifßma?£ .jf*'"' m', \.49^ fi >*%. H J /Wfife p' w WHO IS B E HiN D| AN AUDEMARS PIGUET /■lk- In' ll#; v M Royal Oak ColUviion Regional A:»rtM. Mmu MM.III ii Suvur (run.: A I |)|\|\Ks I*|*, I
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      179 39 f i|||MMiriß THE PRINCIPLES OF AVIATIC)N demanding world of aeronautics, BbMJmWmBBflSl IMrmWlJilßmBiSatMßliywevery single component must be certified. We a pply same to the manufacturing of our wrist instruments. Our movements meet all the precision reliability criteria required to obtain chronometer > every our watches f° r intensive use. I One
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      81 40 Blanc paiN SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. fl |wWI' L <^r\ y IMB E jr mfe** '.'H^r 3 The 2200-1130-64BDS Fathoms m flh&jaa Watch C entre EXCLUSIVELY Centre Pie Ltd. Raffles Qty #01-36 Tel: *****85 Lucky Plaza Millenia WaljwjHs/64 Tel:
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      65 41 mmmm HjH j| J I <* You never PATEK PHILIPPE actually own a Patek Philippe. geneve You merely look after it for the next '-IP 1M B §Br Xf fl ft nR generation. The Annual Calendar. The first self-winding annual calendar watch with power reserve and moon-phase. Begin your own
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      55 42 Ml N <;i;\I:\I-; 1 racking a new conquest of time Conquistador Collection 1 A iiSfc I ''U> If J' p r: -"h V j v> s=i 1 > iy 7 t~Cy v m <$* f m m 4fIHT M I r i 4 SINCERE .s' USl k s. < i
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      329 43 Bridge News, Reuter TRADING remained sluggish with details of freshly concluded Atlantic Panamax business slow to surface. The tone of the market continues to be bullish. TANKERSt Dull trading continued across the tanker market with a handful of fixtures reported in most sectors of the market, new business
      Bridge News,; Reuter  -  329 words
    • Article
      Lock icon MARITIME STOCKS
      286 43 mm a tw CWT Distribution 163 0X7 1090 ChuanHup 1J8 0.11 7395 Cosco Investment 1.34 0.05 937 Freight Links 0.44 -0.01 ***** SB Holdings 1.06 0.03 S23 Mai Sun Hup 0.96 0X4 3629 IMC HoMtnqs-HK 5.60 unch 0 Jaya Holdings 1.16 0X3 2346 Jurong Shipyard 6.40 unch 249
      286 words
    • Article
      Lock icon Asian shippers to stand united at global meeting
      472 43  -  US shipping reform act expected to be main issue at meeting in Sept By: Marcus Hand [SINGAPORE] Asian shippers will be uniting as a single force for the first time at a global meeting of shippers' groups in Vancouver this September. The
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    • PORT Shots
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        Lock icon Decline in sub-standard shipping
        61 43 [LONDON] The standard of ships' conditions is improving, according to chairman of the Salvage Association (SA) David Davies, speaking at the SA's annual general meeting last week. He also noted that a drop in damages caused by sub-standard conditions but warned against celebrating too soon, saying:
        61 words
      • Article
        Lock icon Revenue up 12.2% at Bureau Veritas
        57 43 [LONDON] International classification society Bureau Veritas continues to grow. Figures published in its annual report for 1998 show sales revenue up 12.2 per cent to US$7l6 million (Ssl.2 billion), of which US$l23 million is from its marine and offshore division. Last year, the group
        57 words
      • Article
        Lock icon Warning on high litigation costs
        33 43 costs of litigation. A three-day hearing at the High Court in London routinely costs US$lOO,OOO (*****,900), and even the winner could still face a bill of U5525,000. .i; >
        33 words
    • Article
      Lock icon S'pore firm ordered to pay 3m yuan for oil spill
      203 43 Xinhua [GUANGZHOU] Dong Ya Tankers (Pte) Ltd of Singapore was recently instructed by a court ruling to pay more than three million yuan (*****,600) to the Maritime Administration of Guangdong province in compensation for an oil spill and attendant damages
      Xinhua  -  203 words
    • Article
      Lock icon Big may not be beautiful
      672 43  -  NEWBUILDS By David Hughes IT has been a busy couple of weeks in the newbuilding scene with a substantial number of orders announced. This week's list only shows a selection of contracts reported. The largest single contract was undoubtedly the US$375 million (*****.75 million) order
      672 words
    • Article, Illustration
      Lock icon P&O riding high as cruise boom continues
      433 43  -  Crnise units close to full capacity during first half From David Hughes in London THE cruise business continues to be good for shipping giant P&O. Its cruise subsidiaries, which account for 31 per cent of the group's income, managed to fill nearly their
      FILE PHOTO  -  433 words
    • Article
      Lock icon Carnival Triumph to be delivered next week
      135 43 Reuters [NEW YORK] Carnival Cruise Lines said on Tuesday it is taking delivery of a new US$4lO million (*****.9 million) cruise ship, Carnival Triumph, from Italy, bringing its total number of vessels to 16. The 2,758-passenger vessel, now en route to New York
      Reuters  -  135 words
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      Lock icon Contractor and staff charged
      798 44 VAIiUJET CRASH Maintenance company charged with 110 counts of third-degree murder and 110 of manslaughter in 1996 crash Reuters Florida state charged former ValuJet maintenance contractor Sabre Tech Inc on Tuesday with 110 counts of thirddegree murder and 110 of manslaughter in the 1996 crash of
      Reuters; FILE PHOTO  -  798 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      215 44 PAGE Dongnama ACL 6 ""Lin. AHL 3 KL Accord 8 E*"green Appenstop 5 foonflSun Austral 8 Unk BaUji Shpq 5 C«n*tr»s BSA 7 H«*'i B'tang Mas 8 Han»in CCNI T Heung-A CMA 8 "vwxw COSCO 5 »CFS CSAV 3 Interasia Central E* 6 ""SL Cho Yang 5
      215 words
    • Article
      Lock icon SHIPPING GUIDE
      19759 51 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VhhI Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Numper SIN Dest'n Nam Nam* Number Number flHHHHHHBHMMMHMNBMMMNNMMMMMMMHMMMNMMMNNNI MHMMMMHMIMMMNMMMMMMMMMMMMMIMHMMMHMBMi 28/07 23/06 Evergreen E GOVERN 0295-077W 65-392I1TT To ABIDJAN (ABJ) 2003 Cot# D'lvolrc ?B/0? 23/01 Kien Hung HARMONY CONTAINER HR903S
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        636 55 Vassal VoyWo Barth Arrival Dapartura Set Capricor *****9 '*2 M/07/7J5 14/07/1800 lmi 67 J07 14/07/735 H/07/2339 C Progress M-Jul J09 14/07/8.45 14/07/1600 Br it op 1 1299 J8 14/07/8:8 (4/07/23:00 La,, 2 Jtt 14/07/9:10 14/07/2339 Bum ASadi *119-99 J03 14/07/7:55 15/07/600 D., Oaya Jun-99 J03 14/07/8:30 8/07/600 SAMnon
        636 words
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        Lock icon CONTAINER SCHEDULES
        1773 55 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Rstls Ship Voy No Etb/Btr Ported From To From Aci K*««Xu 0121 14/0700 M M/BM M/KH M/BM M/IMO M/BM M/BM a Wirao B/otM a/owo a m/ttoo tyotn uwm 1 IVOTOO a/n* B/MM 4 is/1200 b/mm tvrroo s 3&T 2A M/TTOO
        1,773 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        189 55 Jul 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. An| 2 Ireland-Republic Of: August Holiday. Aug 9 Singapore: National Day. South Africa: National Women's Day. Aa| 12 Thailand: HM Queen's Birthday. AaglS Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aug
        189 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        801 55 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensfte description of the mar ket Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        801 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        335 55 Cjrton 180 Mix 990.6 tO 17.1 0.10 78 0.03 u Daotitv Wattr R»s>dut Ash Aluminium SldllWWt No ibovf [25 0 1 4 iii =22! 22—1: 380 Ave 967.4 0J 13-5 0.06 34 0.01 380 MM 994.9 0.8 20.8 0.14 183 0.04 1WV3 »»/t w* Wo above
        335 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Sri Lanka carrier expects to be profitable by 2004
        465 56 New Airbus fleet will help national airline to launch its expansion [COLOMBO] The arrival of a new fleet for Sri Lanka's national carrier will launch its expansion and help the airline bring in profits in about four years, a senior company
        AFP  -  465 words
      • Article
        Lock icon Issue of Alitalia aid may be resolved
        330 56 EU optimistic concerns over misuse of state subsidy can be allayed Bloomberg [BRUSSELS] Alitalia SpA, Italy's state-run airline, may be able to allay European Union concerns it violated the terms of a 2.75 trillion-lire (552.42 billion) state bailout package, an EU official said.
        Bloomberg  -  330 words
      • Article
        Lock icon Anti-trust suit against American Airlines dismissed
        185 56 Bloomberg [FORT LAUDERDALE] AMR Corp's American Airlines won dismissal of a passenger's lawsuit that had accused the world's No 2 air carrier of illegally driving smaller competitors out of business, costing consumers more for tickets. US District Judge Wilkie Ferguson dismissed claims that American
        Bloomberg  -  185 words
      • Article, Illustration
        Lock icon Help lighten our burden by cutting costs, BA tells suppliers
        324 56 Reuters [LONDON] British Airways called on airports, air traffic control authorities and other air industry monopoly suppliers to lower their costs to help carriers bear the brunt of falling fares. "We cannot allow a cost-plus mentality, now abandoned by the
        Reuters  -  324 words
      • Article
        Lock icon Cathay won't lease out planes as business outlook has improved
        215 56 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hongkong's only long-haul airline, said it is more optimistic about its future business and is no longer trying to lease out three of its 51 passenger aircraft. In May, Cathay put out feelers to
        Bloomberg  -  215 words
      • Article
        Lock icon Work on Manila airport terminal starts next month
        350 56 AFP [MANILA] A private consortium is to start construction on a US$5OO million (*****.5 million) passenger terminal project at Manila airport next month, Philippine President Joseph Estrada said. The building, which will have an annual capacity of between 10 and 12 million
        AFP  -  350 words
      • Article
        Lock icon Soros to fund new airline at New York's Kennedy airport
        367 56 Reuters [NEW YORK] Financier George Soros is funding a new airline that plans to begin flying out of New York's John F Kennedy International Airport next year. Soros Private Equity Partners, which is currently involved in a multi-billion dol lar
        Reuters  -  367 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1735 56 COY FUCHT ETA FUtHT ETD AdoiaMa Of82 2055 »< WO S0229 2230 GWMQZIMMNC S0603 1905 C2352 0635 AmsttnUffi KL837 W55 CA972 0010 COO 2045 50,04 1020 KL836 2300 MmoI **741 1310 ****** 1410 $024 2330 **743 1925 AdW» ***** 0M0 S0348 2250 Hat Yal ***** 1540
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      199 44 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information W (global home page) www.nykline.com (for USA rates) www.na.nykline.com SENLIM AGENCIES PTE. LTD 133, New Bridge Road. *06-09, Chinatown Point
      199 words
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      732 44 Lines services represented by Members of th«» Registry of Accred| ted Shipping Agents \?my Singapore Shipping Association Members of the Singapore Freight Forwarders Association jfltj ULY LINE MALE VESSEL VOY ETA Tltt flu P. KLANG SPOKE MULE Empress Lily V 0399 24/07 25/07 01/08 Empress Lily V 0499 10/08 11/08
      732 words
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      1105 45 SAX SERVKI (DIRECT) vgsa vdy swro ux cmk d<m. 1 nou Icw |cm |ww 1 nyc VI impure 026f 14/07 29/07 03/06 03/06 03/08 03/08 03/01 03/0« 04/0> 04/08 AWSAMONTX 0131 21/07 05/06 10/08 10/08 10/08 10/06 10/08 10/08 11/06 11/08 APITCUBMLM 0271 28/07 12/06 17/06 17/08 17/06 17/08 17/08
      1,105 words
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      Lock icon Page 45 Advertisements Column 2
      41 45 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA VfSSEL/VOY SPOKE JAKARTA SEMARANC SURABAYA PERMAIIO444-444 19/07 21/07 23/07 PERMAI *****-445 26/07 28/07 304)7 PERMAIIO446-446 02/06 04/06 06/08 PERMAI 2 0038-038 16/07 2(M)7 PERMAI 2 0039-039 23/07 27/07 PERMAI 2 0040-040 3<VO7 03/08 PERMAI 2 0041-041 0608 10/08
      41 words
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      2041 45 OHANJIN SHIPPING llkFl 6 tfeMmLw <*im *****30 HANJ4N SHIPPING (S) PTIITO h* //wm Imp cot JOOUttC *****35 73/ SAUS *****74 738 DOCUNMT *****71 774 OftUTKHB *****40 751 MAW 11*1 *****55 f« 7771W0 dNO **********0* TO NW USA A CANADA USA CANADA* for va/voY IU«I SM umhalr/voy su~| fm on r~Si
      2,041 words
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      Lock icon Page 45 Advertisements Column 4
      394 45 vtssa w _s»_ W6 ypr sir «6 m ua pus KMTC PROVIDES URDUS 4IOS 11/07 70/07 9IOM 71/07 H/07 77/07 70/07 30/07 *aup >m w~ CONTAINER SERVICE HYUHOA) SPRIRTB 077$ 73/07 30/07 01/W 03/01 04/00 DIT(HON6ION6 9IOS 7S/07 77/07 »10W 71/07 01/01 03/01 OVW 07/ M f Q SIHANOUKVILLE/ tO
      394 words
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      1531 46 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfIUKRANEANCANADA «SSil VOY SW IB) HTM WW HAM BWV FU VtSStt VOY "saT" GIT tK fOS VIC HTB nUDEMAHi WOB3I 1107 KM 87 BB 08.88 MM MM MINOS SENATOR WMttl IS (7 SIM UN MM (7 M 15 M HANJM WILMINGTON WM32 2SS7 MM 87
      1,531 words
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      Lock icon Page 46 Advertisements Column 2
      810 46 MAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC p. gudang: <ot) ****** I H\7 J GMNOc *****7g0000t SOU (084) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA (31) *****11 P KELANG: (03) *****77 JKT: (21) *****45 KLKXWG (082) *****1-3 BARCELONA I VANCOUVER MV "NORA SI A SHANGHAI"
      810 words
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      669 46 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VKMI S PORE N SHEVA COLOMBO P KLANG TULSIOAS Vlll 19 JUL 27 JUL n AUG M AUG MAS TIGA V 110W 26 JUL (3 AUG 11 AUG 15 AUG CAPE CANAVERAL V.IOOW 02 AUG 1# AUG 17 AUG 22 AUG TULSIOAS ¥.112 M AUG
      669 words
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      1478 47 IVESSEI VOY KHH HKG SIN PKG PQB DXB DMM BA I BIK IRAN LORESTAN PCL-5110 07/07 09/07 13/07 14/07 23/07 24/07 25/07 27/07 29/07 IRAN TEYFOURI PCL-5111 14/07 16/07 20/07 21/07 30/07 31/07 01/08 03/08 05/08 IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 06/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR
      1,478 words
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      Lock icon Page 47 Advertisements Column 2
      2546 47 Direct Calls to K«lm (6 Days),! Nafoya (7 Dcys) Tokyo (9 Nys) J I" SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (B/L) COSTAR SHIPPING PTE LTD *12-00 SAIES/IKGS 420SSS7/60 INWARD DCPT (D/O» *****85 COSTAR AGENCIES (M) SDN BND CR NO: **********010 SINGAPORE *****8 CONVENTIONAL *****50/55
      2,546 words
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      1466 48 EUROPE/UK/SCAHPIMAVIA/FINLAMD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LH» THP ROM ANW HBG PKL SGP E DEVOTE RW-OQ7 17/07 OS/OS 11/08 07/08 09/08 10/08 11/08 E. RIGHT RE 039 22/06 24/06 23/06 25/06 27/06 16/07 17/07 E DEVELOP RW 007 24/07 12/08 18/08 14/08 16/08 17/08 18/08 E REWARD RE-034
      1,466 words
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      Lock icon Page 48 Advertisements Column 2
      1024 48 ADVANCE CONTAINER LINES (PTE) LTD lil ,1 TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL n w FOR BOOKINGS PLEASE CALL: *****22 SALES ft MARKETING *****21-2* OPERATIONS: 2212 MCV *****05 CP NO **********0E BANGKOK -7 tilMim/Wi il JAKARTA (7 SafpAN*) VESSEL VOY SW I IKK VESSEL VOY SIN" JKT YANTRA
      1,024 words
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      Lock icon Page 48 Advertisements Column 3
      617 48 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN Hi) PUR JNO I CPT RCI NANTAI VENUS *0355 20/07 21/07 01/00 04/01 Ot/M M/W NANTAI DRAGON VOI4S 21/07 07/01 11/00 14/00 Ifc/M NANTAI QUEEN VO36S 00/00 17/01 21/01 "H/M" 24/00 21/01 GOLDEN DRAGON TOI3S 17/00 27/00 31/00
      617 words
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      454 49 BSA M MYANMA wBBk FIVE STAR LINE W (Myanmor National tine) 1 Loading for Yangoii (Rangoon) VfSSfl VOY SIN PKI PIN PGU SAGAING tOW $U> PAGAN 268W SID MALAYSIA AGENTS: BOUSTtAD SHIPPING AGENCIES KUL TH (03)*****00 PKL HI (03) 376*101 PEN: TU (04) *****02 PGU: HI (07) *****21/4 BANK LINE
      454 words
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      1442 49 HYUNDAI MERCHANT MARINE CO., LTD. Ivtssa ~voT 15" soul lbi wnw amt 1 haw I mtv I m~| Ivcsa vovl sou I ib« I irm |*m kam [wv 1 m sm OK 554W 15/07 02/08 07/08 M/M| 05/08 DANUBE 5451 21/06 26/06 23/06 24/06 15/07 Nans oicw 16/07 06/08 07/06
      1,442 words
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      Lock icon Page 49 Advertisements Column 3
      1174 49 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA I RORO HEAYYUFT SERVICE" VESSEL VOY RAMP HEIGHT SIN LAX CRL MU SAV »Ai Off NYC NEW MOI TOM AHO2~ 400 Tms 6JM «7of 25/01 03/09 04/09 06/09 10/09 11/09 13/09 17/09 11/0+ TAROHGA AHO3 400 Tom 6.3 M 13/08 09/09 11/09 21/09
      1,174 words
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      736 50 BANGKOK/ MAP TA PHUT/ LA EM CHABANG JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN YANTRA BHUM 299N In Pt 18/07 GURU BHUM ***** 16/07 18/07 KOTA HARTA HTAO4S In Pt 18/07 AKA BHUM+ 3S2S 17/07 21/07 MATHU BHUM 423N 17/07 21/07 20/07
      736 words
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      Lock icon Page 50 Advertisements Column 2
      361 50 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE a IvOTl fW swl W I 1 I SW) M I tat [Ml |w m—w» IS/P 17/w T5/W »/«7 mm n/u m/n msuoai m a/WM/B n/m ot/« w/oi is/w IMfMW »/«?31/17 M/W 13/W U/W 1 */U g/M MgTßfflWßg IPS |05/B> 17/ ml
      361 words
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      Lock icon Page 50 Advertisements Column 3
      749 50 gn^ng^g [VESSELS I VOY ISW '1 PKL I JHI MU LBi I RTW I H4W I ZEE SPT VJ-EDEVIBOO S32W atW7 21/07 2&P7 oa/oa 06*06 10/06 ~~i3/06 SALP JEDOAH N32W 26/07 27/07 06/06 I<yQ6 1flA» 17/06 IWOB 2tVO6 22A8 VXIEOE SHANGHAI H32W (XVQ6 o*o6 13W6 1&TO 23*06 24/06 28W6 27/06
      749 words
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      51 51 I INTRODUCING OUR NEW USA TRANSPACIFIC SERVICE Turn To Pg 6 (EVERY MON/WED/FRI) "ISC Agencies Pte Ltd I For Service From PASIFt GUDANGI SINGAPORE to MIDDLE EAST/VIETNAM See JH CONTAINER UNE Pg 4 FAR EAST EUROPE 1 FULL CONTAINER EXPRESS SERVICE Turn To Pg 5 China Shipping (S) Agencies Pte
      51 words
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      48 53 sTE| M~i° iai74 6oo demand (Retrieve more schedules!) Press "1" -jC\ Select the port and key in STHCj the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times
      48 words
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  • Page 55 Miscellaneous
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      Lock icon Page 55 Miscellaneous Column 1
      129 55 LEGEND: R Thunderstorm Temperature c X\. A Shower Weother _X Wind direction with speed m knots ee Rom Cloudy Sky Wove h Surfoce winds ore indicated by arrows which fly with the wind One Ml circle represents colm or hght and vorioble winds 1 One half Heche represents 5 knots
      129 words
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