The Business Times, 3 August 1999

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Total Pages: 40
1 40 The Business Times
  • 22 1 THE BUSINESS TIMES MITA (P) 04ti/t2/98 85c S I N G A P O R E Internet: httpv/business-times.asial.com.sg/ TUESDAY, AUGUST 3, 1999
    22 words
  • 68 1 □m mum (-17.12) nvr-su mM soin (-1.20) nsmannuiES mM 288 JO (-4.20) HMAinrrMooD; n Mixed STOCK MABKET IfflHCES Monday Change KL8E COMP ***** -«76 NIKKEI *****70 -3616 HANG SENG *****.43_+24&67 SET INDEX ***** -410 JAKARTA COMP __69M1 -116 MANILA COUP 1356.13 ***** TAIPEI WPI 7,196.94 -***** SEOUL COMP
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  • 81 1 FOBEX BATES uss ss 081 1.679 £(US$/S$ per 1620 1750 EL'RO(US$/SS per E) 1.068 1793 DM 1.831 6.917 YEN 114.0 1.473 RM 3.800 0.442 HKi 7.763 (1216 BAHT 3734 0.045 RUPIAH 6360 0.024 'Stto too units FUME SATES SINGAPORE* 5 JO KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA
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  • 572 1  -  New organisation, legal structure has been approved by pro-tem committee By I Siow Li Sen [SINGAPORE] The search is on for top executives and board members of the new integrated exchange which will combine Singapore's equities and futures exchanges in November. Work
    572 words
  • 526 1  -  Easing expected as pent-op demand being satisfied gradually By. Marissa Chew [SINGAPORE] Major property developers sold over 800 new private homes in July, a take-up that analysts say reflects a slowdown but is still "pretty decent". The weaker sales in July compiled
    526 words
  • 1158 1  -  Four-option package caters to diverse needs of investors From, Ruth Wong m Kuala Lumpur BINTANG Melewar Sdn Bhd, the private firm of Negeri Sembilan prince Tunku Abdullah, has sweetened its proposed offer to holders of frozen Malaysian shares previously traded on Clob
    1,158 words
  • Page 1 Advertisements
    • 188 1 LATEST Onr iv 114 at 12J0pm US stocks rose after a report on manufacturing suggested the economy isn't growing fast enough to force interest rates higher. The National Association of Purchasing Management's factory index fell to 53.4 last month from 57 in July. The Dow Jones Industrial Average rose 114.61
      188 words
    • 55 1 Calm before storm, Pg 4 B6 I want to establish the Ford brand name here so that when people think Ford, financial services, not cars. Philippe Paillart, Ford Credit's chief executive And now, here comes orchard-road.com EE' The road to ISO rewards: A special focus on why companies need to
      55 words

  • SINGAPORE AT HOME & ABROAD
    • 372 2  -  Over 6.35 m expected this year; hotel occupancy up 4.5% to 77% in first half Rahita Elias THE Singapore Tourism Board (STB) is set to revise upwards its forecast for visitor arrivals this year, given the stronger-than-expected surge so
      372 words
    • 164 2 Deputy PM likely to brief Parliament on solutions considered DEPUTY Prime Minister Lee Hsien Loong is likely to give an update on the Clob issue in Parliament tomorrow, and elaborate on the possible solutions being considered. MP for Bishan-Toa Payoh GRC Leong
      164 words
    • 383 2  -  Plans for 50 units; 10 have opened offering popular lifestyle products Tan May Ping SINGAPORE Press Holdings plans to have 50 retail kiosks, called Buzz, at busy commuting points across the island within the next two years to "bring what commuters
      383 words
    • 306 2  -  BYE ON THE ECONOMY Finance By Eugene Low NARROW money Ml registered its second consecutive month of double-dig-it growth in June, increasing 18.9 per cent year-on-year to $29.6 billion. Broad money measures M 2 and M 3 also rose. M 2 grew 30.4
      Source: MAS  -  306 words
    • 288 2 THE Singapore economy is likely to gain momentum in the second half of the year, and should be able to grow 4 to 5 per cent this year, says the US embassy. Singapore's nascent and tentative recovery in the first quarter
      288 words
    • 434 2  -  MAILBAG Assoc Prof Toh See Kiat President Consumers Association of Singapore THANK you for your series on SBBB.com which has exposed the company's unacceptable practices and prevented more members of the public from losing their savings in a doubtful investment. The Consumers Association of Singapore
      434 words
    • 199 2  -  KK Fong Chief executive i-One.Net International Ltd I REFER to the letter, "Investors need more relevant info on i-One.Net", by H H Lee (BT, July 30). We thank the reader for the feedback given. As we have stated in our listing prospectus (page 108), we
      199 words
    • 388 2  -  Shi Guo Ji Singapore via Internet SHOULD not there have been public offers in respect of the POSBank and Singapore Mass Rapid Transit Limited (SMRT) divestments by Temasek Holdings? I would like some discussion on them as I believe they are of public interest.
      388 words
    • 84 2  -  Jack Chan Australia via Internet ON July 7, you published a letter I wrote ("Holders of Foreign shares deserve better deal"). How right I was. I see that UOB Foreign and OCBC Foreign have tumbled in the last few weeks and their capitalisations slashed.
      84 words
    • 269 2  -  Lee Eng Lock Singapore via Internet THE mailbox in the July 31 edition of BT was full of observations by member;, of the public on the marketing and business tactics of the Internet player sBBB.com. It is laudable that BT sees fit to focus so much
      269 words
    • 419 2  -  Yeo Seng Chong Singapore via Internet I REFER to your report, "Haw Par roars in with five-fold profit jump" (BT, July 31). My congratulations to Dr Hong Hai, president and CEO, for the group's impressive results. I also note that the
      419 words
    • 463 3  -  US giant keen to explore joint ventures with banks, other companies Byy Catherine Ong FORD Credit, the financial arm of one of the world's largest automotive groups, is setting up an office in Singapore to tap opportunities in the consumer
      SIEW YAW HOONG  -  463 words
    • 225 3 TWO-THIRDS of company directors surveyed said that it was vital that their accountants contribute to strategic decision-making and more than half wanted accountants to be involved in setting corporate strategies. Yet, only 36 per cent felt that the current system for training accountants in the
      225 words
    • 240 3 IF your idea of an auction is men in posh suits placing objects d'art (or property) under the hammer, think again. Come November, buyers will be able to bid for heavy industrial equipment at Ritchie Bros' first auction here. The Canada-based company, a nutfor
      240 words
    • 271 3 THE families of Silk Air MIIBS Association are urging the relevant authorities to release information relating to allegations made by foreign media that pilot suicide was the cause of the crash. A spokesman for the society, Aaron Ng, said yesterday: "On this aspect,
      271 words
    • 370 3  -  Home-grown firm ties up with DHL in online sales venture By- Raju Chellam SINGAPORE'S prime shopping district has just gone online. The new Web site, appropriately called orchard-road.com was launched officially yesterday and is open for business 24 hours a day around
      370 words
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  • Page 3 Advertisements
    • 275 3 These UU people will be Fo 3m in the world real soqj^j Congrats! p Belinda Teh Eng Bee Eric Cheong Boon Hock Liew Kam Leng Mohd Oaud Tan Yam Hianq *****56 C *****33Z *****16 D *****76F *****87 A Hong Kong London Vancouver Kuching Vancouver Chang Ah Loke Gay Kok Cheng
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  • FOCUS: PROPERTY
    • 643 4  -  THE PROPERTY COLUMN Cooperating for the moment, developers will soon be battling for market share Lee Han Shih IT is interesting how property consultants tend to talk about strong demand pushing up housing prices. None of them, it seems, has mentioned prices could also come
      643 words
    • 236 4 Bloomberg [SEOUL] Foreign firms and individuals bought 17.4 million square metres of land in Korea in the second quarter, almost three times the area purchased in the first quarter, the Ministry of Construction and Transportation said. The land sales were valued
      Bloomberg  -  236 words
    • 841 4 Developers are busy building as surging Manhattan economy fuels demand for cheaper office, residential space NYT [JERSEY CITY, New Jersey] Of all the real estate debacles and broken dreams of the recession a decade ago, few were more spectacular than the collapse of Port Liberte.
      NYT; FILE PHOTO  -  841 words
  • Page 4 Advertisements
    • 422 4 PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory and warehouse Land Area 28,989 sqm Gross Floor Area :Approx. 22,006 sqm Tenure :JTC Leasehold 30+30 years wef 01 February 1982 2) Address 24 Senoko Drive Description 2 blocks of purpose-built office, factory
      422 words
    • 150 4 Prime Residential U "sA I Langcton Development Site 14 For Sale By Tender J /y\X No. 10to 17Tong Watt Rood m* Site area 3,076.2 sq m (33,112 sq ft) Plot ratio 3.8 VA ue 999 years leasehold \V Zoning residential within conservation area V/v tender closing date jf I 18
      150 words
    • 133 4 Freehold Development Site Collective Sale By Tender ns\ f r^rcit y i eCVA Address 18-28 Ipoh Lane Piazaj Mo,#l vA \v\ off Tg. Katong Rd if Site Area 27, 626 sq ft /l Zoning 'Residential' with RR. 2.8, 20 storeys SUBJECT Description: Rectangular site with 4 \ppnPFRTy a 70m frontage
      133 words

  • SOUTH-EAST ASIA
    • 629 5  -  Mergers will create 4 bumi-controlled, 2 non-bumi banking institutions From Ruth Wong in Kuala Lum//ur MALAYSIA'S central bank yesterday rebuffed market criticisms that the megamerger plan for the financial sector would result in the dilution of non-bumiputra interests in the banking sector and
      629 words
    • 198 5 HONGKONG AFP THE Hong Kong Monetary Authority (HKMA) said yesterday that it had transferred the restricted banking licence of PT Bank Pembangunan Indonesia to PT Bank Mandiri, a new super-bank. Last week, Mandiri was formed out of the merger of four failed
      AFP  -  198 words
    • 175 5 ■BANGKOK Bloomberg STATE-CONTROLLED Krung Thai Bank Pel will receive 108 billion baht (554.9 billion) from the government so it can cover loan defaults without making shareholders pay, a Thai Finance Ministry official said yesterday. The investment will be made
      Bloomberg  -  175 words
    • NOTE Book
      • 65 5 Reuters [KUALA LUMPUR] Malaysia's central Bank Negara yesterday announced a cut in the minimum salary requirement for credit card holders to 18,000 Malaysian ringgit (S$8,000) per year against RM24.000 from July 28, Bernama news agency said. It quoted the central bank as saying
        Reuters  -  65 words
      • 71 5 Bloomberg [JAKARTA] Indonesia's consumer prices fell for a fifth month in July, as a stronger domestic currency made imports cheaper. The consumer price index fell 1.05 per cent from June, the Bureau of Statistics said. In June, prices fell 0.34 per cent from May. Compared
        Bloomberg  -  71 words
      • 89 5 AFP [JAKARTA] A total 0f7,000 troops will launch an operation to hunt down separatist rebels in Indonesia's troubled Aceh province, the chief of the Aceh police said yesterday. "The (rebel) group will be terminated soon through the Sadar Rencong Operation II which will
        AFP  -  89 words
    • 358 5 JAKARTA It holds back nod to allow parties more time for talks Reuters INDONESIA'S election commission postponed a meeting yesterday on whether to approve the much-delayed results of the June 7 parliamentary poll, in a bid to give political parties more time for talks.
      Reuters; AFP  -  358 words
  • Page 5 Advertisements
    • 35 5 I TO THE ANSWER for advertisers and website owners BMCMedia.com Whether for or for We are a broker now open for In the currently over than page per Strategic us the you jjr BMCMedia.com oai2'-sr
      35 words

  • ASIA ON THE MEND
    • 156 6 Reuters [BANGKOK] Thailand said yesterday it would delay for one week cabinet approval of a multi-billion baht investment stimulus package. Finance ministry spokesman Satit Limpongpan told reporters the package, likely to be worth up to US$2 billion (553.4 billion), would be reviewed by the cabinet on
      Reuters  -  156 words
    • 460 6 Reuters, AFP [TOKYO] Malaysian Prime Minister Mahathir Mohamad said that Malaysia will keep its ringgit currency pegged at its current rate of 3.80 to the US dollar, and will not lift capital controls just yet, the Japanese Yomiuri Shimbun reported yesterday.
      Reuters,; AFP  -  460 words
    • 641 6 Officials call rapid rise of yen in early stages of recovery undesirable AFP, Bloomberg [TOKYO] As the dollar slipped to a five-month low against the yen in Tokyo yesterday on selling from Japanese exporters and institutional investors, a senior official vowed to stem
      AFP,; Bloomberg; Source: Bloomberg  -  641 words
    • 497 6  -  Strong growth in imports due to low base last year, say economists From Diana Oon Abdullah in Kuala Lumpur PRELIMINARY June trade figures released by Malaysia yesterday point to continued economic recovery, although the strong year-on-year growth in imports might have been
      497 words
    • 371 6 AFP [MANILA] Early signs of economic recovery across East Asia after record lending by the World Bank to the region in the fiscal year to June 1999 are encouraging, according to a World Bank official. However, he cautioned against
      AFP  -  371 words
    • 731 6 Western strategists wary of a return to volatility FT [LONDON] After six months of atypicaUy smooth upward progress, Asian stock markets have resumed their traditional volatility. Bourses tumbled in July on worries about political tensions, a possible Chinese devaluation and the state of the
      FT  -  731 words
    • 387 6 Target can be met with sale of new bonds and stocks Bloomberg [BANGKOK] Thai companies, faced with a bank credit crunch because of record defaults, will still be able to obtain sufficient funds this year by selling bonds and shares, the central
      Bloomberg  -  387 words
  • Page 6 Advertisements
    • 87 6 il" cr> i~r ■■m J AUSTRALIA sth Intake: Oct '99 M 11 Marketing H Project Management 4HVT General Management Information Systems Doctor of Business Administration Human Resource Management 4 S 9"udents enjoy excellent graduate placement (ratio 5 out of 5) as reflected in the Good Universities Guide to Australian Universities'
      87 words

  • CHINA-HONGKONG-TAIWAN
    • 458 7 BEIJING Analysts say fresh funds will enter and bring prices closer to market reality Reuters [BEIJING] China's reform of large stock initial public offerings will help boost share prices eventually by attracting fresh funds and making the pricing of public offers closer to market
      Reuters  -  458 words
    • 446 7 BEIJING Most senior cadres have given PM their backing report CHINA'S Premier Zhu Rongji's political fortunes have improved with President Jiang Zemin giving him clear-cut support, a newspaper reported yesterday. The South China Morning Post (SCMP) reported that the majority of senior cadres
      446 words
    • 474 7  -  hYom Macabe Keliher in Taipei THE Taiwan stock market continued its three-week skid yesterday, falling a further 1.8 per cent on thin trade, on investor jitters over a Taiwan shipping vessel which had been seized by Chinese authorities within Taiwan waters. The freighter
      REUTERS  -  474 words
  • Page 7 Advertisements
    • 102 7 COMMEROALPAC For Offices, Shopping Malls And Other Commercial Establishments. X -4 'n Mm BhTn"! Av OUR RESIDENTIAL. COMMERCIAL AND INDUSTRIAI SOIUTIONS laF "Wl AV 4W94S Solid waste removal Bulky vvrtste ieiriov.il Me< h,m« al sweeping r>f r.>.wis. p.irks, i-ulu .ti i„i..• T.i (<,%) .'B.' j»,HB F.u <»>'.) ,'H.' H, n
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  • ASIA
    • 609 8 SEOUL Stronger yen, Asian economic recovery helped boost demand in July Bloomberg SOUTH Korea's exports posted their biggest rise in 17 months in July, as a stronger yen and an economic recovery in Asia helped Korean companies competing with Japan. Exports rose
      Bloomberg  -  609 words
    • 94 8 Bloomberg [NEW DELHI] An Indian couple shopping for fabric... India's annualised inflation rate last month slowed to a record low of 1.62 per cent, as bumper harvests triggered price falls for some agricultural products. Last month's inflation rates dipped below the previous record
      Bloomberg; AFP  -  94 words
    • 417 8 DAEWOO DEBACLE But govt won't guarantee chaebol's foreign debts Reuters, Bloomberg, [SEOUL] Foreign creditors will be allowed to participate in the restructuring of the debt-ridden Daewoo Group in consultation with local creditors, the Financial Supervisory Commission said yesterday. But Lee Yong Keun,
      Reuters,; Bloomberg,  -  417 words
    • 399 8 SEOUL Sale revived after govt balked at steep discount on Friday Bloomberg HANVIT Bank, the nation's No 2 commercial lender, yesterday sold US$l billion (Ssl.7 billion) of foreign shares at a discount of 25 per cent to Friday's closing price to
      Bloomberg  -  399 words
    • 189 8 TOKYO Bloomberg A RAPID power shift to electronic brokers from human brokers in the currency market has ended nearly 20 years of competition between Japan's top voice brokers. With electronic broking now handling more than 85 per cent of currency transactions since starting
      Bloomberg  -  189 words
  • Page 8 Advertisements
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      184 words

  • REGION/WORLD
    • 523 9 WASHINGTON Consumer spending also slowed in Q2 to 4% rate of increase after 6.7% in Q1 Bloomberg US manufacturing slowed in July as production and new orders declined, a National Association of Purchasing Management s-.rvey of executives showed yesterday. NAPM's factory index
      Bloomberg  -  523 words
    • 385 9 GAISAL, India Reuters TWO crowded trains hurtled head-on into each other in eastern India a few hours before dawn yesterday, killing at least 198 people and injuring 350. Officials said they expected the death toll to rise sharply as more bodies
      Reuters  -  385 words
    • 218 9 BRUSSELS Reuters THE European Commission has opened a probe into allegations that South Korea unfairly restricts imports of European pharmaceuticals. The probe could lead to the 15-member European Union filing a challenge against Korea in the World Trade Organisation, the global trade watchdog.
      Reuters  -  218 words
    • 67 9 [LONDON] European visitors to the UK on Sunday being greeted by British supermarket chain Asda with British beef sandwiches as part of a general campaign to promote beef following the BSE scandal that brought a worldwide ban on British meat. Passengers alighting from Eurostar
      AFP  -  67 words
    • 254 9 SYDNEY Reuters AUSTRALIA'S richest woman said yesterday that she had put 10 landmark London theatres up for sale, but denied British newspaper reports that she was planning to concentrate her energies on a political career. Janet Holmes a Court, widow of
      Reuters  -  254 words
    • 427 9 PARIS USsBb debt due by end of 2000 will be repaid in 15-20 years THE Paris Club of country creditors said on Sunday it had struck a deal with Russia to reschedule about US$B billion (5513.4 billion) of Sovietera debts falling due by the
      427 words
    • 479 9 LONDON Results reinforce expectations next rate move will be np Reuters BRITAIN'S manufacturing sector is well on the road to recovery according to a survey published yesterday, reinforcing expectations the next move in interest rates will be up. The Chartered Institute of
      Reuters  -  479 words
    • 287 9 WASHINGTON Reuters US bank, thrift and credit union regulators said yesterday that 99 per cent of all fed-erally-insured financial institutions are now Y2K ready. Just one per cent of institutions did not meet a June 30 deadline for ridding their critical computer systems
      Reuters  -  287 words
  • Page 9 Advertisements
    • 18 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 3132
      18 words
    • 97 9 Revolving fIaML pjm. Restaurant Bu 19th floor Enjoy Italian dining at its gourmet best by --5W iSKk Chef Gianni Maiagoli of Antica Osteria del Bai, Genova at Top of the 'M' Revolving Restaurant. Experience the passion of Chef Gianni's cooking 4 with exceptional Italian wines as you revel in 5
      97 words

  • EDITORIAL & OPINION
    • 851 10  -  THE BOTTOM UNE OPINION By Robert Samuelson Washington Post Writers Group UNITED States President Bill Clinton will be right to veto the massive tax cuts embraced by the Republican Congress. The wonder is that the Republicans are so wedded to a programme that is dubious
      Washington Post Writers Group  -  851 words
    • 99 10 'It's going to be harder making money in Asia going forward than in the last nine months. A lot of rubbish companies have gone up as well as good ones. There is going to be a lot of separating wheat from Chaff -Richard Cardiff Asia product manager.
      99 words
    • 652 10 EDITORIAL AS Asian economies move from the acute phase of crisis management to the nitty-gritty of bank and corporate restructuring, they are not finding the going easy. Examples of the hurdles being faced are evident throughout the region. In Thailand, for instance, it has recently emerged
      652 words
    • 1203 10  -  Stock pickers fare best, having beaten the regional index in Asia before, during and after the crisis By\ Philip Segal IHT in Hongkong YOU would think that with some stock markets in Asia up by more than 100 per cent in the past year,
      IHT  -  1,203 words
    • 966 10 India-Asean potential INDIA has completed its fourth annual dialogue with Asean, the South-east Asian grouping, and found much in common with it. In his second exchange with Asean. after a stormy start in Manila last year, Indian Foreign Minister Jaswant Singh appears to have consolidated his
      966 words

  • EXECUTIVE LIFESTYLE
    • 468 11 Pretty Woman star's reunion with Richard Gere in new film is top US summer hit, raking in USs34.sm in 3 days Reuters (LOS ANGELES) Julia Roberts scored her second hit movie of the summer as the romantic comedy Runaway Bride opened in the top slot
      Reuters; FILE PHOTO  -  468 words
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  • Page 11 Miscellaneous
    • 1057 11 CRYPTIC CROSSWORD Guy's terror of the IK IK H 9 In short, aver nobody would there |H[ IB 10 Point taken and even ob- —W—W |M| IH lH 11 Anger at peers'agitation after m m m n[ m 12 Looking embarrassed about article one's collected (6) hang a so- HB
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  • ROAD TO ISO REWARDS
    • 942 12  -  Here's a firm that specialises in preparing companies to acquire the standard, writes carol emo CAROL ERG COMPANIES often hear of ISO standards and the benefits they offer, such as promoting cost efficiency and unlocking doors to new markets or clients. The
      SIEW YAW HOONG  -  942 words
    • 1108 14  -  The ISO experience offers further insight into repositioning the company and Sitra Holdings is one snch beneficiary By I Carol Eng THE road to getting ISO certification basically marks a process of improving work processes, with spin-off benefits in the future.
      ARTHUR LEE  -  1,108 words
    • 1013 14  -  Byi Carol Eng ISO certification seems like a basic prerequisite these days. Since the government introduced ISO 9000 to Singapore more than a decade ago, the standard has become so prominent that it has come to mean a stamp of consistent quality. Companies
      FILE PHOTO  -  1,013 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 702 15  -  $43m interim gain beats forecasts; NEL hints of at least one big acquisition in the works By, Jennifer Lien [SINGAPORE) Investors' favourite Nat Steel Electronics Ltd (NEL) yesterday delivered a better-than-expected 63 per cent jump in interim net profit to $43 million, and hint- Ed
      ARTHUR LEE  -  702 words
    • 349 15  -  Analysts cite huge float, bad timing, US$ denomination By' Wong Wei Kong [SINGAPORE) Confounding bullish expectations of a 10 per cent upside from the initial public offer price, shares of processed food group Del Monte Pacific made a disappointing debut yesterday on the
      Source: Bloomberg  -  349 words
    • 643 15  -  HOCK LOCK SIEW Siow Li Sen According to some of the analysts who attended last Thursday's analysts' briefing by DBS Bank, vice-chairman and chief executive officer John Olds was greeted by a round of applause at the end of it. That
      643 words
    • 205 15 [SINGAPORE] Banking analysts and reporters will have their hands full this Friday, as two of the Big Four banks United Overseas Bank and OCBC Bank have chosen to announce their half-time results on that day. In the previous
      205 words
    • 119 15 As of yesterday, 18 locally-listed companies had released their results for the six months ended June 30, 1999. They recorded a combined $1,099.0m in group profits, up 17SJ% over the same period last year The breakdown is as follows: No with profits ;1> Mo with to—» p B
      119 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 214 16 [SINGAPORE] Financiallytroubled Form Holdings is seeking shareholder approval at the end of the month for its plans to raise additional capital to enable it to continue as a going concern. Form shareholders will decide on Aug 26 whether to approve the
        214 words
      • 366 16  -  Response compares favourably to the 6.7 times for Del Monte Pacific's IPO By\ Soh Tiang Keng [SINGAPORE] Strike Engineering's public offer of 12.75 million shares at 19 cents each has been subscribed 160.5 times. The home-grown mechanical and electrical engineering company said last night
        366 words
      • 283 16 Directors had said they expected prospects to improve [SINGAPORE] Freight Links Express Holdings has been asked by the Stock Exchange of Singapore to explain why it posted a loss of $6.8 million in the second half of its financial year after saying that
        283 words
      • 130 16 AFX-Asia [KUALA LUMPUR] MBf Holdings Bhd said it has sold 13.2 million MBf Capital Bhd shares on the open market from July 5-20 for about 21.2 million Malaysian ringgit (559.4 million). The sale has reduced MBf Holdings' stake in MBf Capital to 15.2
        AFX-Asia  -  130 words
      • 281 16 New SembCorp Ind shares to start trading on Aug 23 (SINGAPORE] Sembawang Resources Ltd (SRL) said yesterday it has picked next Thursday (Aug 12) as the last trading day for its shares and warrants. The mainboard-listed counter added that new SembCorp Industries
        281 words
      • 169 16 AFX-Asia [KUALA LUMPUR] Malaysian Plantations Bhd said the High Court has discharged a civil suit brought against the company and Multi-Purpose Bank Bhd by former Malaysian Plantations director Ahmad Fuad Mohd Ali. Malaysian Plantations said in a statement to the Kuala Lumpur Stock Exchange
        AFX-Asia  -  169 words
      • COMPANY Briefs
        • 40 16 [SINGAPORE] United Industrial Corporation announced that Perry L Pe, a director, had resigned with effect from yesterday.lt also announced the appointment of Gabriel C Singson as a member of the company's audit committee on the same date.
          40 words
        • 115 16 [SINGAPORE] Van der Horst has completed the final review of its cash flow for the next five years with its financial advisers. This will assist in finalising some details on the restructuring of its term loans. The company and its lenders are in continuing discussions
          115 words
        • 85 16 [SINGAPORE] Pacific Can Investment Holdings yesterday announced the appointment on July 27 of Muhammad Fauzi Ismail, deputy chief executive officer of Perbadanan Usahawan Nasional Berhad, as the managing director of its subsidiary Qarira Packaging (M). He takes over from Muhamad Roslan Baba who stepped
          85 words
        • 47 16 [SINGAPORE] Transmarco chairman Jonathan Bradford Sampoerna, at his request, has been relieved of his executive duties with effect from Sunday. He is now redesignated as non-executive chairman. His previous executive duties have been taken over by the managing director. Albert Balthasar Kloti.
          47 words
        • 41 16 [SINGAPORE] Vinod Kumar Gupta has resigned as both Magnecomp International executive director and Magnecomp Group chief financial officer, effective last Saturday. Mr Gupta also resigned as a member of the audit committee on the same day.
          41 words
    • REGIONAL COMPANIES
      • 544 17 Pre-tax earnings up 10% analysts had forecast 7% fall Reuters, Bloomberg [LONDON] Global banking group HSBC Holdings Pic has surprised and delighted investors, reporting lower firsthalf bad-debt charges and higher pre-tax profits when all had braced for another hit from the
        Reuters,; Bloomberg; Source: Bloomberg  -  544 words
      • 403 17 Bloomberg [HONGKONG] Golden Harvest Entertainment (Holdings), a leading international distributor of Chinese martial arts movies, rose 19 per cent to 68 HK cents as it resumed trade yesterday following a 10.5-month suspension. Controlling shareholders Raymond Chow and Village Roadshow, an Australian entertainment
        Bloomberg  -  403 words
      • 315 17 FT [HONGKONG] Heavy public demand for shares in Great Wall Technology, a Chinese computer products maker, has raised hopes for the resumption this autumn of China's privatisation programme, which ran aground last year. A HKSI.I2 billion (*****.3 million) offering
        FT  -  315 words
      • 488 17 Chip giant has option to increase its holdings to 13.2% Bloomberg [HONGKONG] Tricom Holdings Ltd rose as much as 38 per cent after Intel Corp agreed to swap its shares in a high-speed Internet venture with Richard Li's Pacific Century Group for
        Bloomberg  -  488 words
      • 319 17 But analysts say trading spikes not adequately accounted for Bridge News [HONGKONG] The results of tests conducted by the Hong Kong Futures Exchange on Saturday on a new electronic trading system which will replace the open-outcry system were satisfactory, an HKFE spokesman said yesterday.
        Bridge News  -  319 words
    • REGIONAL/INTERNATIONA COMPANIES
      • 551 18 It cannot trade on its own account, take part in govt bond auctions from Aug 6-12 Reuters [TOKYO] Brokerage Nomura Securities Co Ltd was penalised by Japanese financial regulators yesterday for manipulating stock prices in 1995. The watchdog Financial Supervisory Agency (FSA) said
        Reuters  -  551 words
      • 403 18 Talks will help end battle over future of French oil industry Bloomberg [LONDON] Total Fina SA chairman Thierry Desmarest said he would consider allowing top managers or board members to begin merger talks with rival Elf Aquitaine SA,
        Bloomberg  -  403 words
      • 286 18 Move seen sparking future shake-ups in cell phone industry Reuters, Bloomberg [TOKYO] Nissan Motor Co will sell its stakes in nine cell phone firms in a move expected to spark further shakeups in Japan's mobile phone industry. The sales will help
        Reuters,; Bloomberg  -  286 words
      • 236 18 Reuters [LONDON] British telecommunications equipment group Filtronic pic said yesterday it was buying Fujitsu Ltd's closed semiconductor plant in Britain, if the government chips in. No sum was disclosed. Fujitsu posted a 56.5 billion yen (SsB26 million) special loss in the year
        Reuters  -  236 words
      • GLOBAL Briefs
        • 55 18 Bloomberg [TAIPEI] Cable Wireless HKT will spend about NT$6OO million (5531.2 million) to increase its data services business in Taiwan as it targets Internet users with a new Chinese-language local web portal. C&W HKT has spent about HK$4OO million (5586.5 million) in Taiwan
          Bloomberg  -  55 words
        • 51 18 AFP [BERLIN] Deutsche Bank, the biggest private bank in Germany, is holding talks over the acquisition of Deutsche Telekom's cable television networks in several regional states in Germany, the daily Sueddeutsche Zeitung reported yesterday. A Deutsche Bank spokesman declined to comment on the report.
          AFP  -  51 words
        • 54 18 NYT [NEW YORK] After raising its unsolicited offer, Amsted Industries, which makes products for the rail, truck and auto components industries, said on Sunday that it would acquire the Varlen Corp for US$74O million (SJI.2 billion) in cash. Varlen makes products and components for
          NYT  -  54 words
        • 53 18 Bloomberg [MELBOURNE] Telstra Corp, Australia's No 1 telecommunications firm, will pay about ASSO million (5554.4 million) for a 15 per cent stake in computer software firm Solution 6 Holdings Ltd, with an option to move to 25 per cent by the end of
          Bloomberg  -  53 words
    • INTERNATIONAL COMPANIES
      • 580 19 It lost money on purchase of textbook business; profit expected in H2 Bloomberg [LONDON) Pearson Pic, the world's largest educational publisher, and parent of The Financial Times, said firsthalf net income fell 39 per cent, less than expected, as it increased the size of
        Bloomberg  -  580 words
      • 610 19 Reuters, NYT [NEW YORK] The percentage of computer users having a favourable image of software giant Microsoft Corp appears to have slipped over the past two years. In a nationwide telephone survey recently, a New York Times/CBS poil found 60 per cent of
        Reuters,; NYT; FILE PHOTO  -  610 words
      • 591 19 Company intent on becoming Internet services giant NYT [PALO ALTO, California] In the computer industry, power comes not from the barrel of a gun but from the interface of a protocol. And no one may be more aware of that right now
        NYT  -  591 words
      • 281 19 NYT [NEW YORK] Xerox Corp is not satisfied with just being the world's biggest seller of new copiers. Now it is using warehouse sales and Internet auctions to attack the US$l billion-plus market for used copiers, as well. More is at stake
        NYT  -  281 words
      • 459 19 Computer industry said to be at crossroads because of Net possibilities NYT [SAN FRANCISCO] Sun Microsystems has disclosed the first details of a new microprocessor design the company hopes could become a standard for computing in the post-personal computer (PC)
        NYT  -  459 words
    • FINANCE & COMMODITIES
      • 585 20 Many firms prefer to issue bonds or to tap domestic local currency market Reuters [HONGKONG] News that Thailand's largest conglomerate, Siam Cement pic, intends to focus its future fund raising efforts on its domestic local currency market is part of
        Reuters  -  585 words
      • 477 20 BNP, SocGen chairmen forecast final round verdict FT, Reuters [PARIS] The battle to create France's largest listed bank has entered its final week after six months of skirmishing, with each side claiming victory is within its reach by this Friday's deadline. In the past
        FT,; Reuters  -  477 words
      • 405 20 Reuters [MELBOURNE] National Mutual Holdings Ltd said it would double its marketing spending to As6o million (Ss66 million) over three years in a bid to revamp itself into a Asia-Pacific financial services leader and boost product sales. From Aug 8 the company, 51
        Reuters; REUTERS  -  405 words
      • 483 20 Tax benefits for local investors; shares expected by end-Sept Reuters [WELLINGTON] Australian banking group Westpac Banking Corp launched a plan yesterday to tap into the New Zealand investment market through an offer of about NZ$BOO million (SS7I6 million) in a new class of shares.
        Reuters  -  483 words
      • 400 20 It will pay USsl.2b in cash and stock for Chicago Title Bloomberg [CHICAGO] Fidelity National Financial Inc has agreed to buy Chicago Title Corp for US$l.2 billion (Ss2 billion) in cash and stock, creating the largest US insurer of property
        Bloomberg  -  400 words
      • 218 21  -  g Tnr Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market began the week on an uncertain and cautious note yesterday as investors grappled with the possibility of another Fed rate hike, joined by another three-digit fall on Wall Street last
        218 words
      • 139 21  -  MSCI Taiwan Mores Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday slipped 3.5 points amid rising cross-strait political and military tensions. The Taiwan bourse plunged 130.81 points to 7,195.94 in the light of foreign institutional selling in electronics stocks on
        139 words
      • 266 21 ENERGY REPORT Bloomberg [LONDON] Crude oil was little changed yesterday, near a 20-month high, on traders' expectations that exporters' output cuts will gradually reduce the oil glut. Oil prices rallied 80 per cent this year after the Organisation of Petroleum
        Bloomberg  -  266 words
      • 307 21 Reuters London THE battered dollar won a reprieve across the board in European trading on Monday, although it did fall to new five-month lows against the yen earlier before managing to retrace its losses. The euro's upward momentum appeared to be waning somewhat afler reaching 2-1/2 highs above
        Reuters  -  307 words
      • Article, Illustration
        1266 21 DfTERBAMK CROSS rates Aug 2 E!— Rmb ltn Ffr P" HK$ Ind Rs EupHh Vw Won Ml WZ$ Pa* »s Ptso S$ Band Sfr WT$ Batit Powid US$ 0978 0 J* W 5.038 28.113 44.525 0.740 7.789 2.466 1.232 33.335 25.070 1.090 4.015 0.*****.883 ***** 0 401 0 649 rlH^
        1,266 words
      • 1705 21 SICOli FUTURES Aug i RUBBER (futurn ctovnq n «t 5.30?m) RSS1 CONTRACTS cants/kq) dot* Voftma Opan Hjjlfc Law Sott (tewws) Iwtartrt Sep 99 9175 1200 Oct 99 94.00 300 Nov 99 95.50 300 Otc 99 97.25 300 Jan/Mar 00 100.25 300 Apr/Jun 00 103.25 J«VS«p00 106.25 RSS 3 CONTRACT (UScMts/ktf
        1,705 words
    • Article, Illustration
      1383 22 AFP QHmgSeog ****** HONGKONG share prices rose 1.9 per cent yesterday on follow-up buying in anticipation of better bank interim reports, dealers said. "Sentiment is definitely better in anticipation" of better interim reports from HSBC Holdings pic and its subsidiaries, as well as on hopes for China's entry to
      AFP  -  1,383 words
    • Article, Illustration
      608 22 Reuters Q Shenzhen B Index +OJM SHENZHEN'S B shares ended slightly higher yesterday in trade dulled by the absence of market-moving news and continued wariness during the interim reporting season, analysts said. The B share index rose 0.94 point, or 0.97 per cent, to 98.53 on turnover of HK$64
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  608 words
    • 326 22 AFP QWP Index -13M1 TAIWAN share prices closed 1.8 per cent lower yesterday in thin trading as investors stayed away because of tensions with China, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 130.81 points to 7,195.94 on turnover of NT553.81 billion, the lowest level in five
      AFP  -  326 words
    • 2278 22 LONDON Industrials *30 Pound 3i Gf oup 7.81 0.20 Abbey National 10.67 -0.02 A 8 Foods 4.12 0.04 A 8 Ports 2.99 unch AstraZeneca 22.96 0.30 Alliance Leicester 8.26 0.22 Allied Oonwcq 5.55 -0.07 Allied Zurich 7.53 0.33 Anglo American Gold 43.70 unch ASOA Group 2.20 -0.01
      2,278 words
    • 1658 22 AFP P Nikkei 225 -36J6 SHARE prices in Tokyo lost 0.2 per cent yesterday on concerns the yen's appreciation would hurt domestic industries, brokers said. The key Nikkei average of 225 selected issues on the Tokyo Stock Exchange fell 36.16 points to finish at 17.825.70. The dollar's fall to
      AFP  -  1,658 words
    • KUALA LUMPUR STOCK MARKET
      • 406 23 AFP, AFX-Asia Composite Index -33.75 MALAYSIAN share prices plunged 4.4 per cent yesterday as both foreign fluids and retail investors continued to cash out, dealers said. The Kuala Lumpur Stock Exchange Composite Index (KLCI) fell through its 750-point psychological barrier to finish at 734.94, down
        AFP,; AFX-Asia  -  406 words
      • 8707 23 INDUSTRIALS Consumer products 1999 Last Vol Day M«t Cap Hlj> U» Cimpany SiH 'OOP Htgli Lam W $■»> 440 255 Ajinomoto 320 -20 II 340 310 20.3 129.T 174 46 Angkasa 96 -14 373 110 95 141.6 404 220 Apollo Food Hlg 296 -24 16 312 296 10.3 118.4 294
        8,707 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2081 24 BONOS, LOANS i WARRANTS 52-*k Last Vat Day Lilt Ouata Avg High Low Stno Company Sal* ♦or* COOO) Miqh Law Buyar Sallar Prlca '04 3 s 3160 "AcarW0l0731 USS 45.5 "2 5 162 50 4*5 45 45 5 80 4.5 s 3164 Acma ******4 41.5 -1 229 43.5 41 41
        2,081 words
      • 169 24  -  WARRANT WATCH -By R Sivanithy WITH the Malaysian market dropping the way it has over the past week, a few interesting plays have surfaced. One is on stockbroking the increasing volume seen in recent months must surely benefit the brokers first before any
        169 words
      • 202 24 NSMKOM STOCKS Of Of M 2 v<l UttOufU Otv Otv VM N«t M c*c HUft I— »«w« C~r—*y U*» COOO) High L~ Buyc CV M Smtl MS 173 5123 COC(2000)MK 30T.5 295 8 3.7 2 6 K)4 ***** 5124 CMwy P»c 20c HM_720 265 2.1 6 ***** 4
        202 words
      • 285 24 AFP □Wellington -32.49 NEW Zealand share prices slumped 1.5 per cent yesterday in response to a fall on Wall Street on inflation jitters. The NZSE-40 Capital Index closed down 32.49 points at 2,163.29 on very light turnover of NZ$52.B million. 1 v- mm *3vantag« HOS 2 60 unch 186
        AFP  -  285 words
      • Article, Illustration
        867 24 AFP D SET fata -12 THAI shares fell 0.9 per cent yesterday as investors took profits amid concerns over possible US interest rate hikes and the Thai government's planned economic stimulus package, dealers said. The market lost ground in thin range-bound trade with no domestic leads to spur investor
        AFP  -  867 words
      • 418 24 AFP D Composite Index 4M SOUTH Korean share prices fell one per cent yesterday amid a foreign sell-off and profit-taking by investment trust fluids, dealers said. SK Securities analyst Park Yong Sun said the market gave a muted response to South Korea's July trade data, which showed a yearly
        AFP  -  418 words
      • 644 24 AFP P All Ordinaries -Hi AUSTRALIAN share prices fell 0.7 per cent to a four-week low yesterday amid continuing fears of a rise in US interest rates, brokers said. The All Ordinaries Index slipped 19.9 points to 3,000.00, its lowest finish since June 30. The All Industrials Index fell
        AFP  -  644 words
      • Article, Illustration
        732 24 AFP D Composite Index -L 36 INDONESIAN share prices closed slightly lower in volatile trade yesterday after the General Election Commission failed to ratify the results of the June 7 polls, dealers said. A dealer at a local brokerage said "the market was doing well until the news about
        AFP  -  732 words
      • 330 24 AFP Manila PHILIPPINE share prices ended 0.6 per cent higher yesterday as investors bought into bargain-priced stocks, but the uptrend was tempered by fears of a rate hike in the United States, brokers said. The Philippine Stock Exchange Composite Index rose 13.32 points to close at 2,356.13. Volume amounted
        AFP  -  330 words
    • 7330 25 Or Or M Wt 52-Wk Last Vol Oay Lest Quota Olv Otv VM Net Ca Avg Hlflh Low St No Company Sal* (OOO) High Law Buyar Sallar C'»r P/C Smll Price MULTt* INDUSTRY 182 17.5 Kit 1000 Acma 50c 134 -2 53 136 133
      7,330 words
    • 1554 25 date :Aut; 2 Or 6c M wt 5Z W> Vol 0»y LhI Oust* M* Ml TH M Cop Av« >**» StNo Company Sal* COOP) f0» U» 8uyor SaOar CV >/[ $mH Prkt MANUFACTURING 2® 50 C 2049 AS Auto Kk 197 *7 1503 197 190 196 197 10 N
      1,554 words
    • STOCK EXCHANGE OF SINGAPORE
      • 422 26 Stocks Volume Del Monte USIc 47,661.000 Lian Benq 5c 15,790,000 Asia FoodSProp 14,277,000 Poh Lian 10c 14,064,000 Golden Agri USIOc 12,768,000 Ossia Intl 10c 11,492,000 'Genting Int 9,474,000 KepTatLee Bk OBSCWOO 8,403,000 leong Hin 20c 8.372,000 Hotung Inv NT5 7,238,000 Stocks DBS Foreign 30,758,635 Del Monte USIc 29,749,975 Nat Elec
        422 words
      • 629 26  -  STOCK MARKET COMMENTARY Most sectors close either weaker or mixed; food company Del Monte makes poor debut By R Sivanithy WORRIES about Wall Street's present condition got the better of stocks here yesterday, pushing prices broadly lower and outweighing any positive sentiment over
        629 words
      • ON THE GRAPEVINE
        • 74 26 THAILAND is the regional headquarters of a French-listed hotel group. Guess what? We tried to place an international call to the mobile phone of the managing director there, and it turned out that he was using a Singapore-registered handphone. "Better global network and connection," explained the
          74 words
        • 131 26 TAN Chong International may not be reporting as rosy a set of interim results as widely expected. According to a source, motor earnings could well be lower than that posted in the first half of last year on the back of escalating COE (certificate
          131 words
        • 71 26 GIVEN the flak generated over the franchising scheme of SBBB.com, a new e-commerce start-up has deemed it necessary to emphasise that it will not make money by selling its scheme to franchisees. "There is no catch, no gimmicks, no franchise fees," said Rudy Kadjairi, chief executive of
          71 words
        • 176 26 ON the 26th of last month, FCC Equities Pte Ltd (formerly Mimax Ribbons Pte Ltd), a wholly-owned subsidiary of listed First Capital Corporation, purchased 6.25 million shares or 1.38 per cent of Hotel Properties Ltd (HPL). That led to eight other separate filings of the transaction
          176 words
      • Article, Illustration
        68 26  -  -By Wong Wei Kong OSSIA International shares closed up 3.5 cents at $0 95 yesterday on a volume of 11 5 million shares, compared with its 10-day traded average of 4 67 million units. The daily RSI, Stochastics and MACD charts still emit buy signals, although the weekly
        68 words
  • Page 15 Advertisements
    • 652 15 Workshop on 11 Finance for Non-Financial Managers I As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, I I particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial I I implications may lead to reduced profits
      652 words

  • Page 16 Advertisements
    • 7 16 Thursdays China Watch by Lu Ning The^inessTimes
      7 words
    • 135 16 It's time to get a drink, go dancing, listen to the latest hits J hOV and catch the hottest bands in town. It's all happening in fl AFTER 5 in The New Paper Fastads. This special focus, published every Friday, provides The New Paper readers with a comprehensive guide on
      135 words

  • Page 17 Advertisements
    • 89 17 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Samoa I Full nomfriee, management, corporate secretarial and professionaTaclministration services are available." We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further
      89 words
    • 11 17 B>day <5)4* anhelaobao *iSMMR«J8 a as «7ffi4. MSafflßSlfllH? «B8» Cyberwayjgffi: *3»ta
      11 words
    • 97 17 This announcement appears as a matter of record only Golden Agri-Resources Ltd (Incorporated in the Republic of Mauritius) U*****,230,750 Initial Public Offer of 568,625,000 New Shares Internatbnal Offering of 423,225,000 Shares ING Barings Merrill Lynch (Singapore) Pte. Ltd. ABN Amro Rothschild CLSA Global Emerging Markets Jardine Fleming HSBC Investment Bank
      97 words

  • Page 18 Advertisements
    • 1153 18 SinGAPORE AIRLinES LimiTED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Twenty-Seventh Annual General Meeting of the Company will be held at the Mandarin Ballroom, 6th Floor, South Tower, Mandarin Hotel, 333 Orchard Road, Singapore *****7 on Saturday, 11 September 1999
      1,153 words

  • Page 19 Advertisements
    • 1220 19 BPj" FORM HOLDINGS LIMITED RS yi (Incorporated in the Republic of Singapore) f V EW ™£Lrfft/n t /S ordin y 2™*™' Mcct ng of Form Ho,din 8 s Limited < th "Company") will be held at 39 Tampines Street resohjtionT 3 0,1 26 August 1999 al 10 00 a m
      1,220 words

  • Page 20 Advertisements
    • 242 20 I t'i f*l Bj ■^VTwjXr^^V^7^V^7TwTTpy3^F^H raining, education j KJ^ ■H_| and skills our P HTcomprttweness H MSh« i AUQUSt 99 4iv.# P^h^B^ Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more important. Especially now that the Trade Development Board aims to step
      242 words
    • 352 20 Wassail Asia Pacific Ltd Wassail (Incorporated in the Republic ot Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Wassail Asia Pacific Ltd (the "Shareholders") will be held at Hibiscus Room, (Tower Wing, Mezzanine Floor), Shangn-La Hotel, Orange Grove
      352 words


  • Page 22 Advertisements
    • 68 22 f Hello? I'm calling about\ /'Gosh, m 80 happy your advertisement in f great...just like f° un d my pet through The Straits Times Classified... J I the ad J Straits Times Classified I you still have the puppy... J described, \J m to ta^e rea^ f I'll be right
      68 words


  • Page 24 Advertisements

  • Page 25 Advertisements
    • 56 25 Multiply your wealth. I /jp, The Equity Investment Account from Citibank. Ul J JHr Gives you credit to invest in shares and interest on your positive balance. What better way to multiply your money? flHCall 339 7126 to open an account today Or visit our website at www citibank com
      56 words

  • Page 26 Advertisements
    • 846 26 To make money from the market you need the best ideas. Get some, by signing up with DBS Investor Online at 323-3955. £<[ )[ISBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, LIM KIM HUAT of Blk 770, Chua Chu Kang
      846 words

  • SHIPPING TIMES
    • 299 27 Bridge News Reuters WITH Panamax rates firmer in the east, and still rising in the Atlantic, brokers were in a buoyant mood as the week drew to a close. Futures had another quiet day with little fresh news from the physical market, Clarkson Securities Ltd said in its
      Bridge News; Reuters  -  299 words
    • 285 27 m mmsmm *mt *t- CWT Distribution IJfl -0.03 21 ChyanH* 131 unch 552 Cosco investment 1.26 unch 344 Freight LMu 0-35 -0.02 6192 GB Holdings. 0.97 unch 87 Hal Sun Hup 0.80 -0.02 455 IMC HoMlngs-HK 5.60 unch 0 Jaya Holdings 1.09 0.01 436 Jurong Shipyard 8.05 -0.15
      285 words
    • 403 27  -  Navigation endangered by rise in passenger craft traffic: M'sian marine official By] Marcus Hand [SINGAPORE] A top Malaysian Marine Department has called for more attention to be focused on the danger to navigation in the Straits of Malacca caused by small craft
      403 words
    • 377 27 Bloomberg [MEJILLONES, Chile] France's Groupe GTM, Mersey Docks Harbour Co and Chilean companies bid to turn a barren stretch of coastline in Chile's Atacama Desert into a US$lOO million (Ssl6B million) copper shipping port. GTM, Mersey and Puerto Ventanas SA of
      Bloomberg  -  377 words
    • 113 27 [SINGAPORE] Jurong Shipyard has built and delivered its most advanced chemical vessel. The USs27million (5f45.36 million) job was from privately owned Swedish shipping company RederiAß Veritas Tankers. The 11,500 deadweight Ice Class chemical tanker, Astoria, is designed to carry oil products and chemicals, and has a
      113 words
    • 339 27 Bloomberg [SHANGHAI] China Shipping Development Co, one of China's biggest shipping firms, said its decision to focus on oil transportation will pay off with an earnings boost this year. Revenue from oil transportation now accounting for more than half
      Bloomberg  -  339 words
    • 1114 28 RUSSIAN SHIPPING Recent Munich symposium introduced the Tacis project promoting modernisation of Russian inland waterways International Transport Journal AT the "Transport 99" trade fair in Munich at the beginning of June, Hertzog Partner Management Consultants, Potsdam, organised a symposium on river shipping in Russia. The consultancy
      International Transport Journal; FILE PHOTO  -  1,114 words
    • 183 28 PACE Djak Lloyd 6 ACL 6 Dongnama 3 AMI 3 ECU line 6 Accord 8 Appenship 5 tyef rw 6 Austral 8 Foon Sufl 8 Balati Shpq 5 GLlnk Gemartrans 6 ruigw. -cm > cw Mm Hyundai 7 COSCO 5 ICFS 3 CSAV 3 Interasia 7 Central
      183 words
    • 20651 35 thebusinesstimes THEBUSINESSTIMES EXPORT llf lit. Ad ert,s f y esst( Voyage Telephone I ETA ETA Advertise Vessel Voyage Telephone I ETA ETA Advertiser Vessel Voyage Telephone I ETA ETA Ad.ert.ur SIN Destn Name Name Number Number SIN Destn Name Name Number Number t„ Aft.n iau /Ao ,i Mfti
      20,651 words
    • SHIPS IN PORT
      • 686 39 Vessel Voy Mo Berth Arrival Departure Juronq Pert Ibn *1 Room 001* J16 01/06/6 40 03/08/23:00 SoUrmarmef 9905 J02 02/06/7:30 06/06/12:00 Marcopoto 42 02/99J J17 02/06/8:15 02/06/17:00 Aqua Lucky 13/99 J02 02/06/10:40 02/08/23:00 at Lestari I ***** J01 02/06/8:45 02/08/23:00 Bt Mm Gt6 S7 AUG02 J01 02/08/12:15 02/06/23:59
        686 words
      • 1800 39 RECEIVIN6 OF EXPORT FCL CONTAINERS AND LCI CAB60 Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From »c« Rjffln 0264 01/1200 W 02/1500 02/1654 02/1400 W Fr»c« OOt OS/WOO U 02/1900 02/1659 02/1*00 IB 02/1500 02/1654 02/1400 M 02/1700 03/0659 01/0400 2* 02/1700 03/0659 03/0400 3 03/0700
        1,800 words
      • 199 39 Ao| 9 Singapore: National Day. South Africa: National Women's Day. Ao| 12 Thailand: HM Queen's Birthday. Ao|lß Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. An* 17 Indonesia: National Day. Aug 29 Philippines: National Heroes Day. Aug 30 United Kingdom: Summer Bank Holiday. An|3l
        199 words
      • 765 39 THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        765 words
      • 525 39 Carta® 180 Mai 990.4 S.I 17.5 0.10 78 0ft •W2f Density *at»r Baudot Ask Aluminium Sediment No above £25 0 2 2 0 0 1 380 Ave 986.1 0.4 14.2 0.07 38 0.02 Ciixt 380 Mai 1005.0 2.5 20.8 0.M 235 0.08 WAM %W »MA« mt
        525 words
    • AIR & LAND TRANSPORT NEWS
      • 637 40 Move will lead to more passengers for Philippine Airlines, says Manila official AFP, Bridge News [MANILA] The termination by the Philippines of air agreements with Taiwan was approved by President Joseph Estrada's office, officials said. Foreign Affairs Assistant Secretary for Legal
        AFP,; Bridge News  -  637 words
      • LOG Book
        • 101 40 Bloomberg [MUNICH] DaimlerChrysler Aerospace AG, the aerospace unit of DaimlerChrysler AG, confirmed it is in talks with Alenia Difesa, the defence unit of Italian industrial group Finmeccanica, about a possible link up. "We're in talks with Alenia, but I can't say any more than that," said
          Bloomberg  -  101 words
        • 73 40 Reuters [HONGKONG] Taiwan's leading carrier China Airlines Ltd said yesterday it had leased two new cargo freighters from Atlas Air. A Hongkong-based spokesman for China Airlines said it had leased two 747-400 freighters from Atlas, but gave no further details. China Airlines said in June
          Reuters  -  73 words
        • 103 40 AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd said it carried 4.307 million passengers in the five months to May, giving a load factor of 68.0 per cent, up from 65.9 per cent a year earlier. In the latest edition of its CX World newsletter, the airline
          AFX-Asia  -  103 words
        • 86 40 AFX-Asia [TOKYO] Mitsubishi Heavy Industries Ltd said it, Kawasaki Heavy Industries Ltd and ShinMaywa Industries Ltd will jointly develop cockpits for passenger aircraft. This will be the first time cockpits for passenger aircraft will be developed by domestic companies since 1973, the company The Ministry
          AFX-Asia  -  86 words
        • 84 40 AFP [PARIS] International passenger traffic at the French capital's two main airports leaped 10.7 per cent in the first six months of the year, compared to the first half of 1998, Aeroports de Paris said. Domestic traffic out of Roissy-Charles de Gaulle and Orly
          AFP  -  84 words
      • 490 40 AFP [SYDNEY] Mitsubishi Motors Australia Ltd chief Mike Quinn denied yesterday that his company was in dii*e straits after reports said the car giant's Japanese president had warned of its imminent closure. Government and union officials also rallied round the Adelaide-based manufacturer, saying
        AFP  -  490 words
      • 51 40 [ST PETERSBURG] A woman breaking a bottle of champagne during the presentation ceremony for the new generation of the Sokol train in Tikhvin, 200 km from St Petersburg. Sokol was constructed for the highspeed railway St Petersburg-Moscow and will go at a speed of2Bo km per hour.
        AFP  -  51 words
      • 460 40 Recovery not expected until at least early next year Reuters [TOKYO] Japan's domestic vehicle sales took another ugly tumble in July, sliding 14 per cent from a year earlier in their 28th consecutive monthly decline and the biggest percentage drop so far this
        Reuters  -  460 words
      • 1880 40 CITY FLIGHT ETA FLIGHT ETD S026 2355 Adelaide BA73S1 1930 M7382 2055 W*i SOW BIO SOWO 0W5 am 1930 0F82 2055 Gaangrtoo S0803 1905 C2354 0910 fjjf 22 2230 COS 2045 S0004 1020 sS mo Amsterdam KL843 0435 GA972 0010 tcjbt Kan mmu. nut S023 0705
        1,880 words
  • Page 27 Advertisements
    • 18 27 Russian shipping Many rivers of potential Recent Munich symposium Introduced project to modernise Russian inland waterways. Page 2
      18 words
    • 330 27 tople Crate MKbybprt Ocnai IMpptof CmiwKhU hat bsytd The Chartered Institute of Shipbrokers, a new report detailing the outlook for Singapore branch, has elected the the global cruise Industry tHI 2010. The following officials for 1999/2000: report covers the cruise ship fleet. r cruise ship operators, patterns of vessel tnairman.
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    • 138 27 Estrada backed cancellation of air pact with Taipei Move will lead to more passengers for Philippine Airlines, says Manila official. Back Page TERMINAL MULTIPURPOSE MERAK MAS A Public Licence Granted Ist May 1999 HSHII t 1 IBS M-^SnKh-^Ur PORT BENEFITS Value to Shippers Consignees (who are located around Banten area):
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  • Page 28 Advertisements
    • 721 28 IBUPER SHUTTUE EXPRESS IQULF KARACHI EXPRESS (OKX) j VKSa WWg IGO SjN VHStt VOY DM MM KWT I JEA MO CM |PKIANG~ TT" 00Q JAPAN 34W579 71/07 M/M OOdORNA 33W530 21/07 IS/01 WT VMGO 2X 73/07 IS/07 25/07 27/07 20/07 02/00 M/ 00 07/00 000. ORITAIN 26W531 04/00 72/00 ooa/uwtta
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    • 684 28 L<"es services representee *—i^ (flOlj) Registry* flflPt Accre3rted Shipping Agents UUV Association Singapore Shipping Association ULY LINE MALE IVfSSEI VOY HA ra ITA P. KLAHG SPORE MALI Empress Lily V 0499 17/08 18/08 28/08 Princess Uly V 0899 04/09 05/09 13/09 Empress Lily V 0599 21/09 22/09 30/09 ULY MARINE
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  • Page 29 Advertisements
    • 1065 29 SAX SERVICE (DIRECT) VBSa VOY SKETA IAX OA* Ml HOU M fIH IWBMI |AH WTC o»3i 04/00 >9/0» 24/06 ?4/0» 24 08 24/00 24/08 24,«_ 24/00 24/00 *tGA«gT 0131 11/06 26/06 31/00 31/06 31/00 31/00 31/00 31/00 31/00 31/00 AW5flB 0131 10/00 02/09 07/W 07/09 07/09 07/09 07/09 07/01 00/W
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    • 403 29 FULLY CONTAINIBISIP PIPICATIP IHVICKI «.nnw K MTC AO DAHUA OKI 30/07 31/W 04/ M 04/ M WCWm 30/07_ M/M M/M 10/ M 11/ M |#J *HVMA 2IS 01/ M <B/M 2M 04/ M M/M 10/ M 12/ M 13/ M pfOViOeS LCI <011 SOHGGt 1011 tO ama mm m/m 07/
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  • Page 30 Advertisements
    • 1716 30 DSR-SENATOR LINES TO UK/CONTINENT TO WY SIM lEH HTM gg jjjg MV FU VtSSfl VOT SM GCT Sft FOS W.C MTU HMUMDMiAH WQC33 01 M 2?H 23 M 24 00 22 00 24 OS 10* SINA WM934 KM 22 M 24 00 21M 21 00 OB 00 PUGWASH SENATOR WHS
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    • 882 30 |p a- MAC-MPLS S'PftftP M'jtifl Carrier MN CONTR LINES, INC p.guoang: (07)*****26 I IV/ V~ J NO. IBBO4TBOOOOB SIBO: (084) *****1 MAMLA: (632) *****24 PEHAMQ: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31)*****11 P KELANG: (03) *****77 JKT: (21) *****48 KUCMNQ (062) *****1-3 CHITTAOONC VANCOUVER MV "KOTA BERJAYA" V.8RJ165 MV "HJ
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    • 556 30 W$WS\ EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VKMI S PORE N SHfVA COLOMBO P KLANG CAPE CANAVERAL VIO9W 0? AUG II AUG 17 AUG 22 AUG TULSIOAS V.112 09 AUG 17 AUG 24 AUG 29 AUG TARPON SILVER VIO2W II AUG 23 AUG 31 AUG H SEP CAPE CANAVERAL V 110W
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  • Page 31 Advertisements
    • 1499 31 [vessel voy khh hkg sin pkg pqb dxb dmm Iba I bik IRAN SHAHRYAR PCL-5113 28/07 30/07 03/08 04/08 13/08 14/08 15/08 17/08 19/08 IRAN BAABAEI PCL-5114 04/08 08/08 10/08 11/08 20/08 21/08 22/08 24/08 28/08 IRAN TAKHTI PCL-5115 11/08 13/08 17/08 18/08 27/08 28/08 29/08 31/08 02/09 IRAN TABATABAEI
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    • 1238 31 CUROPi EXPKKSS SERVICE EXPORT IMPORT VESSEL YQY SIN .UH RTM HAM .AM IHY BJL VBSR VOY [WAN |R1 |UN jSW PUDONG SEN 010W 10 M 27 04 29 04 3104 30 04 02.04 04 04 PORTUGAL SO 1 OOK 22/07 25/07 11/01 SEN oiow; 17/ m 03/ M; 05/ M
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  • Page 32 Advertisements
    • 1399 32 I EUROPE/UKySCAWDINAVIA/FINLAWD/RUSSIA I ai.u.vr qui I P ROM MW HBG E LHV I LHV THP RDM ANW HBC PKL US?" i GAINING RW-070 ***** 30<W 04/09 01/09 03/09 11. REACH RE-024 15/07 17/97 16/07 18U7 2tH)7 08.118 09/08 I I Sfy.yJ E pl"«2l 1 2S£ 04*9 08/OT 07/09 08*9 E
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  • Page 33 Advertisements
    • 481 33 BSfl a MIL MYANMA pBBk FIVE STAR LINE raT (Myanmar Notional Lino) Loading for Yongon (Rangoon) VISSIL VOY SIN PKL KM PGU SAGAING 60W SUI KING TUNG 4W SLD MALAYSIA AG! NTS: BOUSTEAD SHIPPING AGENCIES XUL TU (03)*****00 PKL: TU (03) *****01 Pl* IH (04)*****02 PGU: HI (07) *****21/4 BANK
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    • 1289 33 HMNE= HYUNDA^JERCHANTJtoARINECOj^^D^^^^^^ Ivtssa voy I sw I sou ibi itm ant ham mn fb Ivtssa vorl sou I ib« Irm awt ham Ntv Fa I sin I THAMES 556W 05/06 24/01 29/06 26/08 27/08 MAAS S3K 16/07 17/07 11/07 13/07 04/01 MOSB S2BW 07/06 27/08 28/06 22/08 24/06 API AIMANDM
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    • 1243 33 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYLIFT SERVICE' vlss El VOY RAMP HEIGHT SIN LAX CRL MIA SAV BAL 00 NYC NEW MOO TARONGA AHO3 400 TOM 6.3 M 10/08 09/09 WW 21/09 23/09 25/09 26/09 H/09~ 02/10 06/10 TAIKO ANO4 4M TOM 6.3 M 25/ M
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  • Page 34 Advertisements
    • 1069 34 BANGKOK/ MAP TA PHUT/ LAEM CHABANQI JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN ANAN BHUM AA 124N In Pt 07/06 UAOHE 002 In Pt 07/06 I LILA BHUM jl6N_ In Pt 06/06 07/06 06/06 VIRA BHUM 272S 04/06 07/06 06/06 NANTA BHUM" 4S7N 04/06
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    • 614 34 Vf-S.SH S WOY SN PKL JED MLA LEH FTTM HAM ZEi SOT VMJ-E DE SHANGHAI 12A» 17 A» 34/06 Sf~ VLLE DXjgON Y3gw I(yae 11A» Itg 2VQ6 29/06 31 A» 02/08 03/00 OS/OB Vl-LED6MMCCA V3&N <7/06 16iTO 27A» 01A» O6AJO 07/00 00/OO KVOO 12mB J.TLLE oe TANYA T33w 2V06 2SW
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  • Page 35 Advertisements
    • 50 35 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE to /fl MIDDLE EAST/VIETNAM China Snipping (S) NAP Agencies Pte Ltd 6 JH CONTAINER LINE Pg 4
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  • Page 37 Advertisements
    • 49 37 VaTil Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" Select the port and key in s '®j the four digit code eg: To New York (NYC) 2275 sjg) Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING TIMES
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  • Page 39 Miscellaneous
    • 129 39 0 (0:M m-.'i w; I LEGEND R Thunderstorm Temperature y Shower Weather Wind direction with speed in knots Rom Cloudy Sky Wove height Surfoce winds ore indicated by arrows which fly with the wind Q One fu# circle represents calm or light and vonoble winds One half Heche represents 5
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  • Page 40 Advertisements
    • 152 40 tBUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 Press "1* key in Dociimcat Code Key in fig number Enter your pkoat number .V 'jp— Uttl sffaIOGISTICS I °r I HT'. c ?t MANAGEMENT COURSE IWW KEEP APACE WITH THE
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