The Business Times, 6 August 1999

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Total Pages: 56
1 56 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES MIT A ftmrtonuk 85c S.I N G A P 0 R E Internet: http://business-times.asial.com.sg/ FRIDAY, AUGUST 6, 1999
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  • Article
    Lock icon MARKET SUMMARY
    68 1 □sn *****3 (-61.87) nvrsu mM ***** (-17.68) □ansa FUTTiiES 28LI0 (-9.40) niIABKET MOOD: EJ Mixed ITOCIHABKET INDICES Thursday Change KLSE COMP 706.98 -1164 NIKKEI 17,368.19 -327.19 HANG SENG 1*264.34 -336.68 SET INDEX 447.09 -4J4 JAKARTA COMP- _.606.27 -8.13 MANILA COMP __2£4&24 -23.81 TAIPEI WP! 64(6973 -161.07 SEOUL COMP
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  • Article
    Lock icon FINANCE
    80 1 FOREX BATES USI S3 US« 1.577 £(US$/S$ per L614 1706 KlRO(l'S$/SS per E) 1.077 1.806 DM 1J?18 0.924 YEN 114.6 1.462* RM_ 1800 1441 HKS 7.763 0116 BAHT 37.46 0.046 RUPIAH 6,966 0.024 m St to 100 urUti PUKE SATES SINGAPORE* 5.80 KUALA LUMPUR 728 JAKARTA 4000 BANGKOK 10.00
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  • Article
    Lock icon CONTENTS
    24 1 SINGAPORE .2,3 MARKETS 4 S-E ASIA 6 CHINA/TAIWAN/HK 7 ASIA 10 WORLD 12 EDITORIAL: 13 COMPANIES 15-19 FINANCE 20 COMMODITIES .21 STOCKS .22-26
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  • Article
    Lock icon Mah: Land sales certain to resume next year
    534 1  -  By. Marissa Chew [SINGAPORE] The government will resume its land sales programme next year. Minister for National Development Mah Bow Tan has said. "Definitely we will be lifting (the freeze on land sales) and we will be starting government land sales," Mr
    534 words
  • Article, Illustration
    Lock icon Keppel Corp looks set to beat forecasts as interim jumps 32%
    928 1  -  Improved results due largely to restructuring measures put in place last year By\ Conrad Raj [SINGAPORE] Keppel Corporation looks set to surpass analysts' expectations of its financial performance for the current year after reporting a robust 31.5 per cent
    CHRIS LOH  -  928 words
  • Article
    Lock icon STI slides 61 points as regional pressure mounts
    374 1  -  Analysts see US equities showing signs of severe strain By: R Sivanithy [SINGAPORE] Regional markets were hit for a six yesterday by worries over Wall Street's recent weakness and fears that the release of key economic numbers in the US would knock
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  • Article
    Lock icon Li Ka-shing buys 35% of Europe's top cargo handler
    379 1  -  Planned 50% stake scaled down on regulators' concerns From Quak Hiang Whai in Hongkong LI Ka-shing's Hutchison Whampoa is set to take a 35 per cent stake in Europe's largest containerised cargo handler, Europe Combined Terminals BV, after having the stake
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      144 1 INSIDE $9b debt issues Corporate debt issuance totalled $9b in the first half, equal to the amount for the whole of last year, while Singapore-dollar issues by statutory boards and foreign entities hit $4b from practically nothing, Pf 2 Worrying US workers' pay rises far outstripped productivity gains during the
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      45 1 Keppel Land bags two Bukit Timah sites for 133.4 m, Pg 15 Househunting in the 'Ghost MonthEM 14 Simon Cheong THE MAN TO WATCH MB DBS Land poser Why is the property giant giving away the listed status of ANA Hotels for free? Pg 15
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Corporate debt issues hit last year's total of $9b in H1
      706 2  -  Govt forming debt market panel to further develop industry H'J Wong Wei Kong CORPORATE debt issuance totalled $y billion in the first half, equal to the amount for the whole of last year, while Singapore dollar issues by statutory
      706 words
    • Article
      Lock icon Pasir Ris residential site seen fetching $15-s16m
      348 2 A LEASEHOLD residential development site near Pasir Ris Park has been put up for sale by tender, with sources expecting it to fetch some $15 million to $16 million. The 61,832 sq*ft site belongs to Hong How Corporation which is headed by Real
      348 words
    • Article
      Lock icon Corrections and clarifications
      56 2 In i uesday's report, "Surge in HI visitoi arrivals, so STB lo revise 1999 forecast", the figures for the overall hotel occupancy rate (77 per cent) ,tnd average room rate ($124 a day) are for the month of lune and not the first half of tins year
      56 words
    • Article, Illustration
      Lock icon Methodist Church buys 2 sites worth $37m
      395 2  -  Development costs will bring total investments to $90m By i Carol Eng THE Methodist Church in Singapore (MCS) has bought two plots of land at Upper Bukit Timah Road totalling over 250,000 sq ft. They were purchased at a total cost of $36.5
      ARTHUR LEE  -  395 words
    • Article
      Lock icon Globalisation, e-commerce among key challenges for manufacturers here
      488 2  -  /if,} Eugene Low GLOBALISATION, building a creative workforce and electronic commerce these are the key challenges Singapore manufacturers have to face if they are to remain relevant and competitive, says Michael Fradette, a partner with Deloitte Consulting and its global director of
      488 words
    • Article, Illustration
      Lock icon June domestic supply prices up 1.2%
      269 2  -  EYE ON THE ECONOMY Prices By] Marissa Chew WHOLESALE prices continued to climb for the third consecutive month in June, with the domestic supply price index rising 1.2 per cent, up from 83.8 last year to 84.8. Domestic supply prices have been *urinKing ior
      Source: Dept of Statistics  -  269 words
    • Article
      Lock icon Compaq Asia-Pacific turns in strong showing
      506 2  -  Its quarterly growth in revenue, unit shipment is highest in two years By\ Kenneth James COMPAQ Computer Corp's Asia Pacific arm yesterday announced its highest quarterly growth in revenue and unit shipment in two years, signalling a state of competitiveness that its regional chief
      506 words
    • Article
      Lock icon Different ways to divest: MOF
      153 2  -  MATT.BAG Lim Boon Wee Director (Investment) Ministry of Finance I REFER to Shi Guo Ji's letter, "Make public offers when govt divests" (BT, Aug 3). The method of sale in any divestment or privatisation of public assets can take a number of forms, with public
      153 words
    • Article
      Lock icon Classic cars: base COEs on usage
      422 2  -  Chia Quee Khee Singapore via Internet IT was quite rash of Nigel Yeung (BT, July 28) to dismiss Christopher Tan's report that classic cars may disappear in five years' time as "utterly wrong". He also attacked, unfairly, Gerard Ee's pitch in Parliament, and in
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    • Article
      Lock icon SPC story incorrect
      104 2  -  Doris Tan Manager Human Resource Public Affairs Singapore Petroleum Company Ltd WE refer to the article "SPC in worldwide search for a new chief executive" (BT, July 27). It was stated there that "it has been apparent that new controlling shareholder Keppel Fels was not happy with
      104 words
    • Article
      Lock icon New service offers instant e-commerce for SMEs
      539 3  -  SPH-IBM tie-up lets merchants set np Web site and begin trading within a day By] Raju Chellam SMALL and medium enterprises (SMEs) as well as small and home offices can now offer their goods and services online with the launch of a new
      539 words
    • Article
      Lock icon Give more small business licences to elderly: Yaacob
      265 3  -  Workgroup suggests various moves to raise employ&bility of older workers By] Eugene Low TO increase employment opportunities for the aged, the relevant guidelines should be reviewed to increase the number of small business licences issued to the elderly, says Yaacob Ibrahim, chairman
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    • Article
      Lock icon New insurance plan for US hospital treatment
      322 3  -  By\ Soh Tiang Keng INDIA International Insurance (Triple I) yesterday launched a new medical insurance programme in Singapore which provides medical treatment for critical illnesses in renowned US hospitals, including the Mayo Clinic, Johns Hopkins Hospital and Harvard Medical School. Known as Preferred
      322 words
    • Article, Illustration
      Lock icon Isetan sees retail market remaining difficult
      386 3  -  It opens its first supermarket here after $4m makeover By\ Rahita Elias ISETAN Singapore, which opened its first supermarket here yesterday after a $4 million makeover, expects the retail market to remain difficult in the next two years. Managing director Hiroyu ki Owada told
      SIEW YAW HOONG  -  386 words
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  • FOCUS ON MARKETS
    • Article, Illustration
      Lock icon Daewoo drives market down 3.7%
      313 4 AFP [SEOUL) South Korean share prices yesterday closed 3.7 per cent lower on late profittaking, after tumbling more than 4 per cent earlier, hammered by worries over the Daewoo Group and a rise in long-term interest rates. The composite index closed down 36.38 points at
      AFP; Source: Bloomberg  -  313 words
    • Article, Illustration
      Lock icon Nikkei drops 1.9% to lowest since June
      596 4  -  Market unnerved by fears of intervention by Bank of Japan to cap yen's rise From Anthony Rowley in Tokyo FEARS of an impending crisis in global currency and stock markets were heightened yesterday when Tokyo shares suffered a second day of heavy falls,
      Source: Bloomberg; AFP  -  596 words
    • Article, Illustration
      Lock icon Taiwan stocks slide below 7,000 level as tension cranks up
      571 4  -  From Macabe Keliher in Taipei TAIWAN stocks took a pounding yesterday, diving 2.1 per cent to below the 7,000point mark for the first time in five months as cross-strait tension continued to spook investors, although the market had closed by
      Source: Bloomberg  -  571 words
    • Article
      Lock icon BHL Bank: Main owners sell 44% stake
      255 4  -  Southern Bank to pay RM372.6m or RMS a share in cash From] Diana Oon Abdullah in Kuala Lumpur THE main shareholders of Ban Hin Lee (BHL) Bank have agreed to sell their 43.5 per cent stake in the listed bank to Southern Bank
      255 words
    • Article
      Lock icon Public Bank to start merger talks with 5 others
      229 4  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S banking sector continued a flurry of announcements on merger talks with Public Bank announcing that it has received Bank Negara approval for talks with five financial institutions. Public Bank, said to be one
      229 words
    • Article, Illustration
      Lock icon KL stocks fall 1.9% on selling by foreign funds
      518 4 Investors spooked by talk of crackdown on corporate players Bridge News [KUALA LUMPUR] Malaysian stocks dived 1.88 per cent on program selling by foreign funds amid depressed sentiment among retail investors spooked by persistent talk of a crackdown on prominent corporate
      Bridge News; Source: Bloomberg  -  518 words
    • Article
      Lock icon Japan has weak controls: Mr Yen
      255 4 AFP [TOKYO] Foreign banks in Japan have been taking advantage of weak regulatory controls to make speculative attacks on the country's financial system, a top former finance official said yesterday. "Japan's financial supervisory and inspection systems had serious faults that had been overlooked," former
      AFP  -  255 words
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      165 4 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Ms Florence Nathan, General Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg TEL: (65) *****82 FAX: (65)
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      18 4 US economy not about to burst: Summers, Pg 12 China Jet sorties pose no threat: Taiwan, Pg 7
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      103 5 MOTOROLA SEMICONDUCTOR COMIfoMENTS GROUP Motorola SCG is now ON Semiconductor. r The Semiconductor Components Group of Motorola, a company with a rich technology and service history, is now ON Semiconductor, an exciting new company with nearly US$2 billion in sales. And we're leading the way into the future with the
      103 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Malaysian corporate crackdown sparks fears
      493 6 KUALALUMPUR More prominent businessmen expected to be charged Reuters RUMOURS were rife in Malaysian markets yesterday that more prominent businessmen would be charged with breaking the law soon as the government cracks down on white-collar crime. The rumours have been sparked by a series of
      Reuters  -  493 words
    • Article
      Lock icon Pertamina: No reason to scrap McDermott deal
      260 6 JAKARTA Reuters INDONESIAN state oil company Pertamina said yesterday there was no reason to cancel the controversial award of a pipeline construction contract to the Indonesian unit of McDermott International Inc. "We see no reason to cancel the contract with McDermott. Such an
      Reuters  -  260 words
    • Article, Illustration
      Lock icon Golkar distances itself from Bank Bali scandal
      450 6 JAKARTA Bank alleged to have bribed Golkar official, colleagnes AFP THE ruling Golkar party yesterday distanced itself from a financial scandal that has shaken faith in official efforts to restructure Indonesia's collapsed banking sector. The scandal revolves around allegations that PT Bank Bali
      AFP  -  450 words
    • Article
      Lock icon Final Suharto report ready by Sept
      269 6 JAKARTA AFP INDONESIA'S acting attor-ney-general Ismudjoko said yesterday he would submit a final report on the official investigation into the wealth of former president Suharto by the end of next month. "By the end of September, we will submit the final result (on the
      AFP  -  269 words
    • Article
      Lock icon Sharp 5% growth seen for Thailand
      410 6  -  SG Securities bullish on underlying improvements From Harish Mehta in Bangkok THAILAND is expected to rebound sharply with growth of almost 5 per cent this year, an international brokerage said yesterday in a more bullish prediction than most other brokerages. Neil Saker, head of
      410 words
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      916 6 Tat Lee Bank I Keppel Tat Lee Bank Limited I (Incorporated in the Republic of Singapore) I The Board of Directors of Keppel Tat Lee Bank Limited wishes to announce the following:* I 1 UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1999 I The Group The Bank I
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China Airlines in US$3b talks to buy jets
      251 7  -  From Macabe Keliher in Taipei TAIWAN passenger and cargo air carrier China Airlines is rumoured to be negotiating multibillion-dollar purchases from rival aircraft makers Boeing Co and Airbus Industrie of France. Local media reports said the purchases could total as much as
      251 words
    • Article, Illustration
      Lock icon Chinese fighter jet sorties pose no threat: Taiwan
      397 7 Call for calm comes amid talk of missile launches and report of near air dash Reuters, AFP. Bridge News [TAIPEI) Amid rumours that China had launched missiles across the Taiwan Strait and report of a near air confrontation, Taipei yesterday called for
      Reuters,; AFP.; Bridge News; REUTERS  -  397 words
    • Article
      Lock icon China set to slash red tape to boost exports
      244 7 SHANGHAI Official also tells of plans for export loans, other support AFP CHINA will soon unveil wideranging measures to loosen bureaucratic controls that have long inhibited the country's exports, State Economic and Trade Commission deputy director Zhang Zhigang has said. Yesterday's
      AFP  -  244 words
    • Article
      Lock icon China opens yuan banking in 2 cities
      125 7 SHANGHAI AFP CHINA'S central bank yesterday announced a dramatic geographical expansion of trials allowing foreign banks to carry out local-currency business in two cities, state media reported. The official Xinhua news agency quoted a People's Bank of China spokesman as saying the 19
      AFP  -  125 words
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      339 7 MASSIVE PUBLIC CARPET! AUCTION I RETURNED EMBARGOED SHIPMENT I (NO MINIMUM RESERVE PRICE) A large consignment of returned embargoed Persian and Oriental carpets to be liquidated by a ma|or Germany-based a dealer and wholesaler. A great opportunity to purchase fine handknotted carpets and flatweaves, and at these low prices, I
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      169 8 Congratulations yHITSUI-SO on your 2 oth Inniverxary <^l Congratulations and Best Wishes from Bank of America Fuji Xerox Asia Pacific Pte Ltd Inabata Singapore (Pte) Ltd Nichiben Magnetics (S) Pte Ltd SOGO Department Stores (S) Pt td Sony Logistics (S) Pte Ltd Sumitronics Singapore Pte Ltd Fuji Xerox Singapore Pte
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      161 9 v*V I H*r> Ik j| m *'i' /MITSUI-SOKO IB^I J fiS MmuM 9 h&£|SEs A> J S3Hr J r^J ill! ■H| p< H] A 1 I u ACCREXTATON kTi i i^^P y 5 iso *)0(t o^certbcatxx Bui f o-t No C. V3fiS BOOCS i X I |raiH| j: The preferred
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  • ASIA
    • Article
      Lock icon Korean central bank pledges to keep interest rates stable
      476 10 DAEWOO DEBACLE But rising demand for cash and sale of state bonds likely to posh rates up Bloomberg [SEOUL] South Korea's central bank said it will keep interest rates at "stable" levels to help spur the projected 7 per cent growth
      Bloomberg  -  476 words
    • Article
      Lock icon Daewoo guarantees: Seoul rejects foreign demands
      217 10 SEOUL AFP, Reuters SOUTH Korean Financial authorities yesterday rejected a demand by foreign creditors for payment guarantees on US$4.5 billion (557.6 billion) owed to them by the troubled Daewoo Group. Lee Hun Jai, head of the Financial Supervision Commission, said foreign creditors should take
      AFP,; Reuters  -  217 words
    • Article
      Lock icon More Japan firms seen folding in 2000
      364 10 TOKYO Small firms not Y2K-ready will go bankrupt; official Bridge News THE new year will likely see a rash of bankruptcies among Japanese corporations not adequately prepared for the year 2000 computer bug, warned an official of Prime Minister Keizo Obuchi's Y2K Problem
      Bridge News  -  364 words
    • Article, Illustration
      Lock icon S'pore group wins Aussie suit but loses on legal costs
      397 10  -  Stanley Quek, T.inng Court and partners toendnpatleast A 5775,000 poorer From Surinder Singh in Sydney IN an unusual twist, the New South Wales Supreme Court has ordered a Singapore consortium led by Stanley Quek to pay legal costs for the
      397 words
    • Article, Illustration
      Lock icon Smile – and boost your sales
      75 10 Smile and boost your sales [TOKYO] Yoshihiko Kadokawa, the 47-year-old president ofSmile Amenity Institute, biting a chopstick to show one of his techniques of making a big grin during a recent lecture. Mr Kadokawa, a former marketing director at a majorfemale clothing retailer who set up the institute in 1989
      AFP  -  75 words
    • Article
      Lock icon US group to buy Hanbo for US$500m
      302 10 ■SEOUL AFP, Bloomberg AN American consortium has agreed to buy South Korea's bankrupt Hanbo Iron and Steel Co for more than US$5OO million (*****.8 million), apparently ending a two-year battle to sell the firm, creditors said yesterday. Nabors Consortium on Wednesday signed a
      AFP,; Bloomberg  -  302 words
    • ASIA Notes
      • Article
        Lock icon Aussies may get US$15b China gas deal
        69 10 AFP [SYDNEY] Australia is on the verge of beating rivals from the Middle East and Malaysia to supply China with US$l5 billion (5525.2 billion) of liquid natural gas, a senior Chinese official said here yesterday. China is negotiating to buy three million tonnes
        AFP  -  69 words
      • Article
        Lock icon S Korea resumes tours to North
        66 10 AFP [SEOUL] South Korea was set yesterday to resume landmark tours to North Korea as the enemies apparently sought to keep the exchanges alive, despite tension over the North's missile threats. A luxury cruise ship carrying 613 passengers was to leave Tonghae port for
        AFP  -  66 words
      • Article
        Lock icon NZ jobless rate at 18-month low
        80 10 Bloomberg [WELLINGTON] New Zealand's jobless rate fell to 7 per cent, its lowest level in 18 months, as some people stopped looking for work, while others found jobs at banking, insurance and real estate firms. Still, companies such as Tranz Rail Holdings Ltd, farmers
        Bloomberg  -  80 words
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      558 10 IWty.V.TJI Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1999 I The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the H Group for the half year ended 30
      558 words
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      207 11 LEADER IN INNOVATIVE W SOLUTIONS FOR ISSUERS AND INVESTORS. Land Q DBS BAN K U*****,000,000 Ss3oo Million Fixed Subordinated Notes NOL Building Rate Bonds Due 2009 Due 2009 SslBsm Securitised Bonds Due 2009 Joint Lead Manager Joint Lead Manager Lead Manager ©DBS BANK 8 DBS BANK 8 DBS BANK Finlayson
      207 words
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  • THE WORLD
    • Article
      Lock icon US productivity worries pare investor optimism
      294 12 WASHINGTON Reuters US workers' pay rises far outstripped productivity gains during the second quarter of the year, the government said yesterday, raising fears that inflation pressures may be building and causing US stocks to tumble at the opening of trading. The Labour Department said
      Reuters  -  294 words
    • Article
      Lock icon US economy not a bubble about to burst: Summers
      334 12 LONDON Growth will continue and bndget now in surplus while strong US$ is desirable Reuters, Bloomberg THE US economy is not a bubble about to burst and will continue on a growth path. Treasury Secretary Lawrence Summers said on Wednesday. In
      Reuters,; Bloomberg  -  334 words
    • Article, Illustration
      Lock icon Congress' move on Taiwan worries Clinton officials
      587 12  -  Froml Leon Hadar in Washington TOP Clinton administration officials, as well as several lawmakers, have warned Congress that a legislation introduced in the Senate aimed at strengthening US military ties with Taiwan could fuel tensions between Beijing and Taipei and worsen relations between
      REUTERS  -  587 words
    • Article
      Lock icon Economists expect UK rates to go up slowly
      352 12 LONDON Pre-emptive strike by BOE later this year seen likely Reuters BRITAIN'S key lending rate was left unchanged this month, but the cost of borrowing looks set to rise over the coming year as policymakers keep a tight rein on a recovering
      Reuters  -  352 words
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      226 12 Some of our most powerful tools. No two companies are the same. financial, project and human resources management. Tailored to i you, and your industry. No two industries are the same. No two markets are the same. So you have the tools you need to empower employees, No two departments
      226 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Summers must come to his senses soon
      830 13  -  THE BOTTOM LINE OPINION By Anthony Rowley The writer is BT's Tokyo correspondent US Treasury Secretary Lawrence Summers is renowned more for his intellectual skills than his diplomatic finesse but his performance during his first weeks in office has not impressed on either
      830 words
    • Article
      Lock icon IN OTHER WORDS
      103 13 'What we're trying to do fits with common sense, family budget values. It's about meeting your obligations before you decide to take a vacation or buy a new car.' Gene Sperling, head of the Clinton administration's National Economic Council, on the US government's plan to boy back
      103 words
    • Article
      Lock icon E-commerce is here to stay
      680 13 EDITORIAL THE sorry developments surrounding would-be Internet firm SBBB.com have underlined key challenges facing electronic commerce activity generally. The newly formed firm appeared to be taking off like a rocket with its unique business mix of franchising, network marketing and e-commerce. But complaints soon surfaced
      680 words
    • Article, Illustration
      Lock icon Debt-cut plan a change in US financial strategy
      1275 13  -  Using Budget surplus to bay back govt debt has implications on the bond markets By: Richard Stevenson NYT LIKE a family that suddenly finds itself with enough cash to pay off both its credit cards and its mortgage, the Clinton administration moved
      NYT; FILE PHOTO  -  1,275 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      926 13 V Korea's missile threats NORTH Korea threatens to escalate tensions in Asia and heighten its own isolation if it goes ahead with another long-range missile test. The Taepodong 2 missile, first tested last August, has a range of 5,920 km, which makes it capable of hitting
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      543 14 A Proud Achievement by |]QNitj tmm DelGro Engineering Pte Ltd I Quality is our strength. Our achievement of the IQNET and ISO 9002 is proof of that. I cert no. :99-2-1023 With this achievement, DelGro Engineering enters a new phase in service and customer I ss i *****2:1994 excellence.We're now
      543 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Keppel Land bags two Bukit Timah sites for $ 133.4m
      581 15  - Keppel Land bags two Bukit Timah sites for 133.4m It beats CityDev, FCC, Hong Leong, Wing Tai, MCL Land Byy Corinne Kerk [SINGAPORE] Keppel Land yesterday beat several other contenders to make its first purchase of development sites since 1997, and is close to buying other sites to boost its
      581 words
    • Article, Illustration
      Lock icon Keppel TatLee interim net quadruples to $114m
      693 15  -  Benefits, savings from merger position bank for strong recovery, it says By\ Siow Li Sen [SINGAPORE] Keppel Tat Lee Bank's (KTB) net interim profit shot up four times to $113.8 million as cost savings, an enlarged operation and higher interest margins shored up
      CHRIS LOH  -  693 words
    • Article, Illustration
      Lock icon ANA Hotels soars by up to 11% on news of deal
      485 15  -  Property analysts call it a win-win situation all ronnd Reports by David Boey [SINGAPORE] Shares of ANA Hotels shot up as much as 11 per cent on intraday trade yesterday as investors gave the thumbs-up to plans by heavyweight
      Source: Bloomberg  -  485 words
    • Article
      Lock icon Why give away ANA's listed status?
      649 15  -  HOCK LOCK SIEW Lee Han Shih HAVING given away the listed status of ANA Hotels for free, will DBS Land do an encore? Will it also give away the listed status of Hind Hotels for nothing? A listed status used to be worth a
      649 words
    • Article, Illustration
      Lock icon The winning ways of property wizard Simon Cheong
      572 15 [SINGAPORE] Simon Cheong, the real estate dealmaker, has hogged the headlines lately with his megabuck property deals. The apparent ease with which he turns his properties for profit must turn his rivals and peers green with envy. And many of them have
      FILE PHOTO  -  572 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon Richard Li eyeing Nasdaq IPO for Tricom ?
        543 16  - Richard Li eyeing Nasdaq IPO for Tricom To place out 8.7%, he hires CSFB unit which took Netscape, Amazon.com public /ft/' Catherine Ong [SINGAPORE] In a move seen as a prelude to a US stock market listing, Richard Li's Tricom Holdings yesterday said it has appointed the Technology Group of
        543 words
      • Article, Illustration
        Lock icon Brokers resigned to earlier changes
        558 16  -  They aim to find ways to compensate for lower commissions By' Teh Hooi Ling [SINGAPORE] Stockbrokers are not completely surprised that the liberalisation of commissions may be brought forward, with most saying that they would have to start thinking of ways to supplement their income
        FILE PHOTO  -  558 words
      • Article
        Lock icon Omni and Metalock head for mainboard
        171 16 [SINGAPORE] Sesdaq-listed contract manufacturer Omni Industries and shipping firm Metalock Singapore will be moving to the mainboard soon, following in-principle approval from the Stock Exchange of Singapore. The companies, which announced the news in separate statements yesterday, added that the effective dates of their
        171 words
      • Article
        Lock icon Small investors allotted 45% of KS Tech IPO shares
        242 16 [SINGAPORE] Small investors who applied for between one and nine lots received 44.55 per cent of shares from the initial public offer of KS Tech, a specialist industrial equipment supplier. But only one in 22 of those who applied will get
        242 words
      • Article
        Lock icon ICB bucks trend with 22% profit fall
        350 16 CORPORATE RESULTS UOB unit cites dip in loans volume, smaller interest spread, provisions [SINGAPORE) Industrial Commercial Bank (ICB) has bucked the profit-climbing trend among banks, posting a 22 per cent fall in net profit to $20.2 million for the six months ended June.
        350 words
      • Article
        Lock icon Republic Hotels disappoints – net profit halved to $2.4m
        380 16 Republic Hotels disappoints net profit halved to $2.4m [SINGAPORE) Last year's best hotel performer. Republic Hotels Resorts, yesterday disappointed analysts with much weaker-than-expected results. For the six months ended June, its net profit nearly halved to 52.4 million. Analysts polled in.Barra Global Estimates had expected full-year profits of $12.6 million,
        380 words
      • Article
        Lock icon UOI in black with $3.5m net, despite premium income fall
        187 16 [SINGAPORE] Despite a drop in premium income, United Overseas Insurance (UOI) is now back on the profit path this year after posting an interim loss last year. Group net earnings came to $3.5 million for the halfyear ended June 30
        187 words
      • Article
        Lock icon Half-time score
        118 16 As of yesterday, 32 locally-listed companies had released their results for the six months ended June 30, 1999. They recorded a combined $1,461.4m in group profits, up 165.2% over the same period last year. The breakdown is as follows: No wtth profits 32 Mo with lo—s 8 0
        118 words
      • COMPANY Briefs
        • Article
          Lock icon CM Tel in Chinese e-commerce deal
          52 16 [SINGAPORE] CM Telecom International has entered into an agreement with Easysoft International to develop Chinese e-commerce software to meet the needs of Chinese in the greater China region. In addition, CM Tel will also serve as the agent of the English version of the
          52 words
        • Article
          Lock icon SRL's entitlement date is Aug 19
          117 16 {SINGAPORE] Sembawang Resources Ltd has said the Entitlement Determination Date for the purpose of determining the entitlements of its scheme shareholders and warrantholders will be Aug 19. The scheme, which is subject to High Court approval, is to reorganise SRL's share capital in its
          117 words
        • Article
          Lock icon Boustead buys 70% stake in Sushi Deli
          86 16 [SINGAPORE] Boustead Singapore has exercised its call option to purchase 70,000 ordinary shares of $1 each, or 70 per cent of the issued and paid-up share capital of Sushi Deli. Boustead has paid the balance of the option price and Sushi Deli is
          86 words
        • Article
          Lock icon MHE in deal with GW com of US
          62 16 [SINGAPORE] MHE Holdings has entered into a memorandum of understanding with GWcom Inc, a company incorporated in the US, to develop, market and sell the PLANET Infrastructure and compatible handsets and end devices which establish advanced mobile interactive messaging services such as
          62 words
        • Article
          Lock icon GAR buys 100% of AFP Property
          76 16 [SINGAPORE] Golden Agri-Resources (GAR) announced that it had acquired 100 per cent of the equity in AFP Property Management Services (AFP Property), a shipping company. The authorised share capital of AFT Property is $10 million of which only $2 was paid up. Alter the
          76 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Renong holders okay debt plan; 80% of bonds sold
        451 17 UEM says it's not in talks to sell stake in Renong Bloomberg [KUALA LUMPUR] Renong Bhd, Malaysia's most indebted company, sold more than 80 per cent of the record US$2.2 billion (553.7 billion) bonds issued by its toll-road unit, and yesterday
        Bloomberg; FILE PHOTO  -  451 words
      • Article
        Lock icon CSE to buy 45% stake in IT firm Ipacs Asia for $24m
        357 17 [SINGAPORE] CSE Systems Engineering has agreed to buy a 45 per cent stake in IT firm Ipacs Asia Pte Ltd for $24.2 million to leverage on the latter's strong presence in China. The Sesdaq-listed company plans to pay
        357 words
      • Article
        Lock icon UEM, Telekom to lodge Clob offer this month
        198 17 AFX-Asia, Bloomberg (KUALA LUMPUR] United Engineers (M) Bhd (UEM) said it and Telekom Malaysia will lodge the offer document for Central Limit Order Book (Clob) international shares with the Registrar of Companies in Singapore this month. UEM managing director, Ramli Mohamad said
        AFX-Asia,; Bloomberg  -  198 words
      • Article
        Lock icon Lippo Life shares take 15% beating on rights rumours
        532 17  -  Investors fear firm's bid to find strategic partner has hit From Shoeb Kagda in Jakarta SHARES of Indonesia's largest listed life insurance company, Lippo Life, were yesterday hammered for the second straight day on market rumours that the company would soon
        532 words
      • Article
        Lock icon SIAS responds to criticism over 4-fold hike in fees
        287 17 [SINGAPORE] The Securities Investors Association of Singapore (SIAS) yesterday said it "cannot at the expense of members provide advisory and representative services to non-members", in response to criticism over a four-fold hike in its fees for Clob investors who join the
        287 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon French banks' allies raise stakes as deadline looms
        466 18 BNP, SocGen claiming victory ahead of close of offers today Reuters [PARISJ Key shareholders in the three French banks involved in a takeover battle have strengthened their positions again while both sides continued to claim victory just two days before the offers
        Reuters; AFP graphics  -  466 words
      • Article
        Lock icon Shell 2nd-qtr earnings beat forecasts
        345 18 Earnings ap 4.7% on surge in oil prices, profit from chemicals Bloomberg, Reuters (LONDON] The Royal Dutch/Shell Group, the world's second biggest publicly traded oil company, said its profits rose 4.7 per cent in the second quarter after a surge in oil prices and profit
        Bloomberg,; Reuters  -  345 words
      • Article, Illustration
        Lock icon Dow Chem's US$11.6b buy bucks trend
        680 19 Success in merger with Union Carbide may depend on recovery in chemical prices Bloomberg, LAT-WP [MIDLAND, Michigan] As much of the chemical industry moves away from relatively low-margin commodity chemicals like ethylene and polyethylene, Dow Chemical Co president and chief executive Bill Stavropoulos took
        Bloomberg,; LAT-WP  -  680 words
      • Article
        Lock icon GM, Warner Bros form joint marketing venture
        352 19 The four-year alliance has value of at least USs3om LATWP used [LOS ANGELES] General Motors Corp, which has been struggling to lure more consumers into its dealer showrooms, is forming an extensive joint marketing venture with Warner Bros that gives the car maker
        LATWP used  -  352 words
      • Article, Illustration
        Lock icon Frankenstein Foods and debt dog Monsanto
        389 19 NYT [CHICAGO] After spending more than US$B billion (5513.4 billion) in the past two years to acquire some of the world's largest seed companies and millions more to pioneer in the development of genetically engineered foods, Monsanto Co is facing growing scepticism about its
        NYT  -  389 words
      • GLOBAL Briefs
        • Article
          Lock icon Barclays interim net drops 21%
          69 19 Bloomberg [LONDON] Barclays, Britain's second-largest bank, said first-half profit fell 21 per cent on charges from job cuts. The decline was less than expected due to higher income from trading securities. Profit fell to £696 million (Ssl.9 million) or 46.2 pence a share. Barclays cut
          Bloomberg  -  69 words
        • Article
          Lock icon Sega, AT&T to put game on Internet
          77 19 AFP [TOKYO] Japan's Sega Enterprises has signed a deal with US telecoms giant AT&T to provide an Internet service for Sega's new Dreamcast video game console Dreamcast. available Sept 9 in the US, is the first console system that also can be used
          AFP  -  77 words
        • Article
          Lock icon Telewest expects loss to peak next year
          79 19 Reuters [LONDON] Telewest Communications, Britain's No 2 cable company, yesterday said it expected losses to peak by early next year as it poised for a launch of high-speed Internet and multimedia services. Telewest. controlled by 29.9 per cent shareholder Microsoft Corp, unveiled half-year
          Reuters  -  79 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Chase to buy Mellon's home mortgage unit
        447 20 Deal will make the US' second largest bank the largest US mortgage servicer Bloomberg [NEW YORK) Chase Manhattan Corp agreed Wednesday to buy the residential mortgage business of Mellon Bank Corp, making the New Yorkbased bank the largest US mortgage servicer. The second-largest
        Bloomberg  -  447 words
      • Article, Illustration
        Lock icon Amex's Internet spending: more than US$250 pa
        439 20 It'll beef up Web sites and introduce new products Bloomberg [NEW YORK] American Express Co, the world's thirdlargest credit card brand which has lagged rivals in online thrust, will spend at least US$25O million (*****.4 million) a year to build its Internet business.
        Bloomberg; FILE PHOTO  -  439 words
      • Article
        Lock icon Prudential alleges fake car insurance claims
        251 20 Bloomberg [HOLMDEL, New Jersey] Prudential Insurance Co of America is suing 182 people in New Jersey for their roles in fraudulent car insurance claims worth US$l.4 million (552.35 million). In a Morris County Superior Court suit on Wednesday, a subsidiary of the largest US
        Bloomberg  -  251 words
      • Article
        Lock icon Cayman bankers deny tax dodge claim
        349 20 Ex-banker made money laundering remarks to plea bargain, they say Reuters [GEORGE TOWN, Cayman Islands] Bankers and regulators in the Cayman Islands vigorously disputed a former banker's courtroom claim that the government of the British Caribbean colony knowingly abets tax evasion by US citizens.
        Reuters  -  349 words
      • Article
        Lock icon Futures slide as sellers swamp market
        214 21  -  «>■■«»■:» Reports MSCI Singapore Index Daphne Tay, Jardine Fleming BOTH the Singapore stock and futures markets wilted under the weight of various factors including the strained relations between China and Taiwan, fears of a further Fed tightening and weak regional markets. The rise in
        214 words
      • Article
        Lock icon Futures close down in tandem with Taiex
        206 21  -  HS& Taiwan tatures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures took seven points off yesterday while the Taiex slashed 151.07 points off Wednesday's close. Nasdaq's overnight loss of 47.99 points contributed to the force of the Taiwanese market ending
        206 words
      • Article
        Lock icon Oil prices continue to rise with Brent nudging US$20 level
        237 21 ENERGY REPORT Reuters [LONDON] Oil prices again scampered higher yesterday on the back of strong US petrol market and with North Sea Brent crude once more eyeing the key US$2O level. "It will get there, but whether today or not
        Reuters  -  237 words
      • Article
        Lock icon CURRENCY REPORT
        292 21 Reuters London THE dollar was bruised yesterday amid renewed concern over fragile US assets, while improved euro zone economic prospects boosted the single currency to new three-month peaks above US$1.08. Dollar bulls, who just a few weeks ago were anticipating a new era of dollar strength as the
        Reuters  -  292 words
      • Article, Illustration
        Lock icon Untitled
        1223 21 MTERBAintCHOSS RATES au^s AS O h> Uro Ffr Dw HK$ UK K» H$Uk Yen Wot M HQWh N»o S$ land «r KTj M UK US$ Australia 0.978 4.178 0.611 4.008 1.195 5.055 28.248 ***** 0.751 7.803 2.475 U32 33.539 25.456 1101 4.046 0.974 21.075 24.602 0.407 0657 Canada 1.022 5.569
        1,223 words
      • Article
        Lock icon Untitled
        1824 21 SI COM FUTURES Aug 5 RUBBER (futurai ctamq «s it UOpm) RSS1 CONTRACTS centsAq) ClOM VotaM Open Month High Low Sott (tonnes) Interest Sep 99 92.50 1200 Oct 99 94.75 300 Hoy 99 9625 300 D«c99 98.00 300 Jan/Mar 00 ***** 300 Apr/Jun 00 105.00 Jul/Sep 00 108.00 RSS 3
        1,824 words
    • Article, Illustration
      Lock icon HONGKONG
      1361 22 AFP P Hang Seng -336.68 HONGKONG share prices dropped 2.5 per cent yesterday as investors took profits on recent gains after Wall Street fell overnight, dealers said. "Sentiment is not good as there were declines in other regional markets as well," said Patrick Yiu, research head at Kingsway Securities,
      AFP  -  1,361 words
    • Article, Illustration
      Lock icon CHINA
      581 22 Reuters n Shenzhen B Index -Ll4 SHENZHEN'S hard currency B shares closed down yesterday, shaken by poor interim results of a major company, brokers said. Continued tensions between China and Taiwan also played a role in the fall, but brokers said rumours in international markets of a Chinese air
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  581 words
    • Article
      Lock icon TAIPEI
      318 22 AFP QWP Index -15L07 TAIWAN share prices dived 2.1 per cent through the 7,000point level yesterday for their lowest close in more than two months amid tensions with China, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 151.07 points to 6,959.73, its lowest close since April 31
      AFP  -  318 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2261 22 LONDON Industrials *»g p«in<j 3i Group 8.18 0.12 Abbey National 10.34 0.05 A 8 Foods 4.14 0.03 A 8 Ports 2.96 unch AstraZeneca 22.55 -0.06 Alliance t Leicester 8.32 -0.02 Allied Oomecq 5.71 -0.03 Allied Zurich 7.51 -0.03 Anglo American Gold 43.70 unch ASDA Group 2.19 unch
      2,261 words
    • Article
      Lock icon TOKYO
      1665 22 AFP P Nikkei 225 SHARE prices in Tokyo fell 1.9 per cent yesterday as selling hit export-linked issues in the face of a strengthening yen, brokers said. The key Nikkei average of 225 selected issues on the Tokyo Stock Exchange lost 327.19 points to end at 17,358.19, after falling
      AFP  -  1,665 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares down 1.9% but off earlier lows
        407 23 AFP. AFX-Asia C 3 Composite Index -1154 MALAYSIAN share prices fell 1.9 per cent yesterday but late bargain-hunting helped them recover from earlier lows reached on continued foreign selling, dealers said. An institutional dealer at a local brokerage said bargain-hunting was apparent in
        AFP.; AFX-Asia  -  407 words
      • Article
        Lock icon Untitled
        8658 23 INDUSTRIALS Consumer products '999 Last Vol Day Net Cap Hlqh Low Company Sale OOP High Low P/C SmH *♦0 255 Ajinomoto 320 20.3 129.7 174 46 Angkasa 96.5 -0.5 216 96.5 91 142.3 404 220 Apollo Food Hlg 280 -6 12 286 275 9.7 T12.0 294 115 Berjaya Land 171
        8,658 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2126 24 BONOS, LOANS WARRANTS wt 92-Wk Last Vol Day Last Quott A vg H, h L# S,B0 Sal* ♦or- (OOO) High Low Buy" Prtca 104 3 3160 *Acar W*****1USS 40 -3 200 42.5 40 40 405 80 4.5 s 3164 Acma ******4 38 -2 66 39 38 38 38 5 40
        2,126 words
      • Article
        Lock icon Affin wrt could reward the patient
        192 24  -  WARRANT WATCH -By R Sivanithy MANY Malaysian warrants have had their lifespans extended by five years. And in the case of Affin Holdings, its 2002 instrument now bears an expiry date of September 2007, one of the longest dates we've seen. The main problem
        192 words
      • Article
        Lock icon CLOB INTERNATIONAL
        215 24 HONOKONO STOCKS Gr Or 52 Wk D«V Last Ouott Mv Oty VM N«t M C«C High Low Stop Comply U* rOOO) Mt» L— Buy- Cw P/t 5ml 365 173 5123 CDC*****IM* 2973 305 a 3.7 2.7 10.1 5885 9 5124 C«m«v Pit 20c HK—720 265 2.1 7.4 6
        215 words
      • Article
        Lock icon WELLINGTON
        274 24 AFP Q Wellington +1143 STRONG performances by market leaders Telecom Corp and Carter Holt Harvey underpinned a 0.5-per cent rise in New Zealand share prices yesterday. The NZSE-40 Capital Index rose 11.43 points to close at 2,189.86 on turnover of NZ$BO.3 million.—AFP j «a row Advantaq* MDS 2.45 -O.tO
        AFP  -  274 words
      • Article, Illustration
        Lock icon BANGKOK
        869 24 AFP n SET Index -134 THAI stocks closed yesterday one per cent lower with prof-it-taking eroding earlier gains amid an absence of fol-low-through buying, dealers said. An analyst with a local brokerage said the market was not able to sustain early gains as investors seemed reluctant to take fresh
        AFP  -  869 words
      • Article
        Lock icon SEOUL
        402 24 AFP Q Composite Index -3138 SOUTH Korean share prices yesterday closed 3.7 per cent lower on late profit-taking following a rise in money market rates and a weaker Wall Street, dealers said. The Composite Index closed down 36.38 points at 939.07, off a low of 933.87. Volume was 282.8
        AFP  -  402 words
      • Article
        Lock icon SYDNEY
        650 24 AFP All Ordinaries +1&3 AUSTRALIAN share prices defied weaker overseas leads to close 0.4 per cent firmer yesterday, buoyed by stronger performances in the resource and finance sectors, brokers said. The All Ordinaries Index gained 13.2 points to 3,018.90. The All Industrials Index closed up 10.1 points at 5,214.10
        AFP  -  650 words
      • Article, Illustration
        Lock icon JAKARTA
        719 24 AFP Q Composite Index -BJ3 INDONESIAN share prices closed 1.3 per cent lower yesterday on profit-taking and a sell-off affecting Telkom and the Lippo Group amid rumours of rights issues, dealers said. "It is very unclear but the market seems to believe rumours that Telkom and Lippo Life will
        AFP  -  719 words
      • Article
        Lock icon MANILA
        342 24 AFP Qgwjh -2181 PHILIPPINE share prices fell one per cent yesterday as the local currency depreciated and on fears that interest rates would go up, analysts said. The Philippine Stock Exchange Composite Index fell 23.81 to 2,348.24. Volume fell to 4.02 billion shares worth 2.67 billion pesos from 4.36
        AFP  -  342 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7363 25 32-Wk Last Vol Day Laat Ouote DW Dtv YM Net Cm An M, 9 h Low StNo Company Sole C000) Law Buyer Sellar C'vf H P/l SmH Prtee MULTI-INDUSTRY 182 17.5 m b 1000 Acma 50c 127 -5 107 130 125 126 127 10
      7,363 words
    • Article
      Lock icon SESDAQ
      1399 25 Transaction datr: Aiu, 5 j Or Or Mm M La«t VI Oay Last Ou«t« CM* D»v YM Nat Ca» Ava hh> l— «tw» ciw>ui saia rooQ) hh» u» Bnw urnm tv w i— ww MANUFACTURING 218 30 c 2049 AS Auto 10c 178 3 M 183 177 177 178
      1,399 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        424 26 Stocks Volume Del Monte USIc 12,922,000 Asia FoodS Prop 11.577,000 Golden Agri USIOc 10.246,000 Hotunq Inv NTS 9.206.000 IPC Corpn 5c 8.792,000 Strike Enqg 5c 6,479,000 •Genting Int 7,679,000 *TanCI>onglnt50c 7,524,000 NOL 7,447,000 GES Intl Ltd 20c 6.940,000 Stocks SIA Foreign 47.522,097 DBS Foreign 40,831.909 SIA 22,591,304 SPH 18,817.840 *TanCI>onglnt50c
        424 words
      • Article, Illustration
        Lock icon Market weighed down by lack of buying support
        607 26  -  STOCK KAUBT COMMENTARY Slide fuelled by fears over US interest rates; chartists point to technical breakdowns on the charts By R Sivanithy THE absence of decent buying support was painfully felt in the local market yesterday, with prices sliding in line with
        607 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Free Hewlett-Packard PC clinic
          83 26 IF you own a computer, laptop or palmtop made by Hewlett-Packard, here's your chance to get a free health check-up for it. Electric City and HP are offering free consultation and diagnostics on HP Pavilion home PCs, Omnißook notebook computers and palmtop computers for four days
          83 words
        • Article
          Lock icon Breakthrough in life
          100 26 FROM serving chicken rice at his father's stall to serving on flights as an air steward, Jerry Tan has certainly come a long way. Now in the insurance business, Mr Tan, 43, was recently given the Life Insurance Practitioner of the Year 1999 award for community service
          100 words
        • Article
          Lock icon From retail to property
          45 26 YOU'VE heard that Jannie Tay, managing director of The Hour Glass, has been made president of the Singapore Retailers Association. But do you know where former president Teh Ban Lian has gone to? He is now vice-chairman of property consultancy Chesterton.
          45 words
        • Article
          Lock icon Fast and cheap
          90 26 YOU may have heard this through e-mail already—one scoop of Haagen-Dazs ice-cream will cost you only $1.99 every Monday at all outlets from now till Oct 25. Given the amount of Internet hoaxes, we were sceptical and checked, but it was true. Next question: Is it franchise
          90 words
      • Article, Illustration
        Lock icon HOT STOCK
        65 26  -  -By Wong Wei Kong KEPPEL Land shares fell 20 cents to $2.70 yesterday on a volume of 4.89 million shares, compared with its 10-day traded average of 3.56 million units. The RSI, Stochastics and MACD charts suggest that the stock is consolidating with room for further downside Investors
        65 words
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      156 17 mind mnrciEr m ibi SKiHIB I f j\f|| l j FKrn!uTnm% Brush-in Color Gel I for moustaches, beards, temples, W sideburns A no mess no drlpS-minute w 17 TQT l?OR Al gel whlch blends away grey. This n| JUOI r Wl\ ggMH Hp product is so superior that even you
      156 words
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      Lock icon Page 17 Advertisements Column 2
      329 17 »j |«j. .it -'ifT-fliri k®J jflHI v. A *v m \m JPw. (151 Jr A k_ 4IJI fly t vM. J v9kS I \jf* j* —hh( "y® «■,■""•»«.;> V She's glad that she He'* glad to hove peace d V He', ju« ,tod Ihrt rf»', olmindwiH.hU wHt. MTUC Thrrft. herewith
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      801 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, LIM JCX) TUANG of No. 15 Lorong Bandang Singapore *****8, have applied for a Beer House, Ist Class Licence in respect of iM/s Food Point (S) Pte Ltd located at *01-05 ScottsWalk (25
      801 words
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      Lock icon Page 18 Advertisements Column 2
      724 18 NOTICE IS HEREBY GIVEN that I, KOH KIM CHYE of 7 Gambir Walk Singapore *****1, have applied for a Wholesale Liquor Shop Licence in respect of M/s Meyer International Marketing located at 2 Kallang Pudding Road *07-01/2/3 Singapore *****7, and that this application will be considered by the Liquors Licensing
      724 words
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      Lock icon Page 18 Advertisements Column 3
      558 18 ECOM 0 ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 12th Annual General Meeting of the Company will be held at 2 Ang Mo Kio Street 64, Ang Mo Kio Industrial Pari* 3, Singapore *****4 on Wednesday, 25
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      953 19 CHASE THE CHASE MANHATTAN CORPORATION HEAD OFFICE: 270 Park Avenue, New York, New York *****-2070 cO N s OLJDATED STATEMENT OF INCOME The Chase Manhattan Corporation December 31, w Year Ended December 31, (In millions, except share data) iooa «3 1998 1997 (In millions, except per share data) 1998 1997
      953 words
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      2516 20 I NOTICES To advertise call 1011-free 1800-741 1883 Fax 1298 j IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ASIPAC BUSINESS COORDINATION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly
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      Lock icon Page 20 Advertisements Column 2
      486 20 SECOND CHANCE ENTERPRISES LTD NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Palms Room, Lion City Hotel 15 Tanjong Katong Road Singapore *****0 on the 30th day of August 1999 at 2:00 p.m. for the purpose of
      486 words
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      Lock icon Page 20 Advertisements Column 3
      127 20 CtoMlltf 9 At Shunde's Kitchen, we bring back the good old days where the food was simple, yet sumptious and unforgettable. From Steamed Beancurd with Fish Paste. Shunde Baked Chicken, to our very own Shunde Stuffed Fish, and more. In fact, if you have a yearning for a certain dish,
      127 words
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      45 22 bouquet of flowers to y my girl friend. > —N M #PI GiadyoTTi Buying or selling through :,jrjk \*J uk e The Straits Times Classified is child's play. m <M a fr.,* 'i fr hL ■Jp the y' res p Wg 1 I CallC.A.T.S.at 1800-737-1166. JILJ
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      495 26 ""J NOTICE IS HEREBY GIVEN that I, SOH CHIN HUA of 145 Serangoon Ave 3, *02-01 The Spring Bloom Singapore *****2, have applied for a Public House Ist Class (Extended) Licence in respect of iM/s Sushi Jyo located at 907 East Coast Road, *01 -03A Spring Vale Singapore *****2, and
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      Lock icon Page 26 Advertisements Column 2
      23 26 The Straits Times CLASSIFIED Where buyers and sellers meet Sd Find someone to fix your T.V. CAXSkj Buy H. Sell H. Find It.
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      Lock icon Page 26 Advertisements Column 3
      377 26 Going to trade online? You need DBS Investor Online Simply the best research Call 323-3955 today 831M5SBANK NOTICE IS HEREBY GIVEN that I,TAN SHIOW YIH of 21 Toh Crescent, Singapore *****1, have applied for a Beer House Second Class Licence in respect of M/s Hot Eats Cool Treats located at
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      Lock icon Page 26 Advertisements Column 4
      399 26 ITC all about business information technology, that is 7? 7T ;-O,jc ttWjjc tj NP,' c V r: BuxinesslT, every Monday in TheßusinbssTimks NOTICE IS HEREBY GIVEN that I, CHENG HWEE CHOO of Blk 131, *03-1331, Bedok Reservoir Rd Singapore *****1, have applied for a Public House Ist Class Licence in
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      Lock icon Page 26 Advertisements Column 5
      262 26 NOTICE IS HEREBY GIVEN that I, SIO KANG ENG of Blk 16 Eunos Cresccnt *05-2847 Singapore *****6, have applied for a Beer House First Class Licence in respect of M/s Lucky 128 kopitiam located at Lorong 15 No 28 Geylang Road Singapore *****5, and that this application will be considered
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  • EXECUTIVE Lifestyle
    • VIEWPOINT
      • Article
        Lock icon Celebrating a most expensive case of whimsy
        738 28  -  Off the cuff Human nature being what it is. we all like even numbers and a sense of closure. But let's not be so eager to buy into the whole mysticism of the year 2000 by Jaime Ee LET'S SEE NOW, what am
        738 words
      • STRAWS In The Wind
        • Article
          Lock icon Words of wisdom for the office
          107 28 SAYINGS we'd like to see on those office inspirational posters: Rome did not create a great empire by having meetings, they did it by killing all those who opposed them. If you can stay calm, while all around you is chaos then you probably
          107 words
        • Article
          Lock icon Here's the dirt on Wild Wild West
          46 28 YOU'VE seen or heard of the movie Wild Wild West. Now read Mad magazine's version, which is titled Mild, Mild Mess. In it, Jim West is Jim Waste, Artemus Gordon is Artymess Garden and Rita Escobar is Needa Candybar.
          46 words
        • Article
          Lock icon Getting off to a good start
          44 28 WHEN you're in business, it's natural that you want to get things right. One moving company seems to have adopted that policy right down to its name. Spotted on a truck was the quirky name, "Do Wing Right".
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        Lock icon New life for an old neighbourhood
        1835 28 COVER STORY CHIA Boon Pin, Far East Organisation's group general manager and director of corporate affairs, could probably start a second career as a food detective if he wanted to. Not only has he got a special knack for sniffing out the whereabouts of
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    • MOTORING
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        Lock icon Street fighter goes to finishing school
        875 29  -  The Subaru Legacy B4 RSK is a raging bull, but it can also be tamed into a civil machine you can live with day to day, says Christopher tak CHRISTOPHER TAN SUBARU began its recent obssession with raw power in the late-1980s, when its
        875 words
    • ENTERTAINMENT
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        Lock icon WHAT'S ON
        408 30  -  Compiled by Parvathi Nayar MUSIC Singapore Symphony Orchestra Subscription Series Concertmaster Alexander Souptel takes centrestage in the hip Milhaud ballet Le Boeuf Sur le Toit (The Ox on the Roof). He also stars with his violin in the first of the "greeting cards" premieres, John Sharpley's Fantasy for
        408 words
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        Lock icon An unpleasantness in the family
        770 30  -  UTHEATRE Despite the really spooky ambience achieved by an admirable set and clever lighting, the inherent dramatic potential of Haunted was not realised By] Parvathi Nayar THERE is a certain spicy enjoyment to be derived from a well-crafted ghost story. Haunted, the new musical from
        770 words
    • LEISURE
      • Article, Illustration
        Lock icon Going potty at Boon's
        838 31  -  On display in the shop is the work of as many as 45 Singapore potters, pakvathi kayak finds out how this collection came about PARVATHI NAYAR IT IS earthy yet refined, possessing an appeal that's hard to define, I think, admiring the array of pots, the
        838 words
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        Lock icon Completely averse to risk-taking
        622 31  -  CINEMA Rogue Trader is a ponderous piece of celluloid that drains all the drama ont of the events leading to the fall of Barings By\ Susan Tsang YOU'D THINK the hottest finance story of the decade would make a riveting movie: namely, how Nick Leeson sin-gle-handedly
        622 words
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        Lock icon Just kidding, as always
        569 31  -  CINEMA Adam Sandler is back in Big Daddy, and like his previous efforts, you'll either love it or hate it By\ Parvathi Nayar RELUCTANT dads as the comic centrepiece of movies have gone the way of those once-stylish, black-and-white photographs of taut, male, muscled arms cuddling
        569 words
    • STYLE
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        Lock icon Almost as good as new
        1165 32  -  Chanel, Prada, Gucci, Fendi Singapore's top designer brands can be had for less at Cavallino. tax su ten checks out the merchandise TAN SU YEN Missed T sales? Can't bring yourself to pay full price for a Louis Vuitton carry all? There's always the option
        ARTHUR LEE  -  1,165 words
    • EPICURE
      • Article, Illustration
        Lock icon Tribute to the '30s diner
        765 33  -  That's Billy Bombers American Classic, the third and latest addition to the family, tamsutem reports TAN SU YEN DON'T expect milkshakes and burgers at Billy Bombers" newest outlet in Orchard Point. The third addition to the Billy Bombers' family, Billy Bombers American Classic, is meant
        765 words
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        Lock icon Now you can sit down and have your sushi too
        226 33 CRAVINGS WITH 22 takeaway outlets to its name, Edo Sushi is now joining the ranks of eat-in sushi bars. Edo, the sushi bar, recently opened at Amara Shopping Centre, combining industrial chic with easy, fuss-free conveyor-belt fare On the afternoon
        226 words
      • Article
        Lock icon More abalone in August
        232 33  -  Compiled by Tan Su Yen MAN FU YUAN at the Hotel Inter-Continental is a tastefully-decorated Chinese restaurant with lots of natural light. Add to this Chef Cheung Kwok Wing's carefully crafted abalone dishes presented on bone china plates with whimsical old China designs by Alan Chan,
        232 words
    • RESIDENTIAL PROPERTY
      • Article
        Lock icon House Hunt
        936 35 Property transactions for districts 9 and 10 (sectors 22 to 23 and 24 to 27) lodged between Jun 28 and Aug 2. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE OATE LAND AREA" (SOFT) (SJOOO) (S$) District 09 Non-landed 2B Cplx Apt 28/05/99 FH 678
        936 words
      • Article, Illustration
        Lock icon Prime homes on the block
        1173 35  -  Properties in districts 9 and 10 are the highlights of Jones Lang LaSalle and Knight Frank auctions later this month, rahxta CTT g reports RAHITA ELIAS THOSE hoping to bag themselves a bargain, especially in these days of rising property prices, should consider popping by
        ARTHUR LEE; ARTHUR LEE, SIEW YAW HOONG; SIEW YAW HOONG  -  1,173 words
    • INSURANCE-WISE
      • Article, Illustration
        Lock icon Saving for children's education
        767 36  -  Compared to investing in unit trusts or stocks, an education insurance policy secures the required funds at low risk m.APTggA tah gets the details CLARISSA TAN A RECENT study of the Singapore family has found that the greatest worry among parents today is no. it's not
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    • PERSONAL FINANCE/INVESTMENT
      • Article
        Lock icon A matter of interest for current accounts
        753 37  -  With more relaxed rules, bank customers may have to pay fees for their current accounts if they are to receive interest Clarissa tak finds out CLARISSA TAN NOW that the rules regarding interest payment for current accounts have been relaxed, what does it
        753 words
      • Article
        Lock icon Net challenge in US mortgage business
        749 37 Online lenders are breaking into banks' stronghold by offering lower rates and speedy response Bridge News [NEW YORK] Rushing online to offer mortgages, car loans, and credit cards over the Internet, a host of companies threatens the established bankers and brokers' lending businesses. These
        Bridge News  -  749 words
      • Article, Illustration
        Lock icon Note well: old cash is investment
        613 37  -  By I Susan Tsang IT's cash, but you can't spend it or put it in the bank. It is not even advisable to fold it, but if you treat it well, it can be a sound investment. We're talking about old local currency. Many
        613 words
      • Article
        Lock icon Untitled
        270 37 ■■■■■■■■■■■■■■■■■■■■■■■■■■MM BAfiCS/nNANCE COMPANIES BELOW $3000 $*****999 $5000-9999 $********** $***** 4 UP DBS (Auto-Save) 1.0000 1.2500 1.2500 1.2500 1.5000 Hong leong Finance (Savers Plus) 1.5000 1.5000 i.5000 1.5000 1.5000 Singapore Finance (Saws Plus) 1.2500 1.2500 1.2500 1.2500 1.2500 HSBC (PowerVantagei 1.0000 1.0000 1.0000 1.5000 2.0000 Keppel TatLee Bank (MoneyMax) 1.1250 1.1250
        270 words
      • Article
        Lock icon ACU DEPOSIT RATES Offered by various banks (as at August 7, 1999)
        1421 37 Oepoeit mmmt 1-mtti 3-mlh Nitti Ogog imount 1-<ntti Jnntti g-mth AS AS S10.000 A24 999 ***** 4 2500 4 4500 25,000 74,999 3 6250 3 7500 4 1250 A25 000 A49 999 ***** 4 2700 4 4700 75
        1,421 words
    • UNIT TRUSTS
      • Article, Illustration
        Lock icon Missed the boat?
        923 38  -  You may not enjoy another sharp rally but it's not too late to buy into Asia's recovery, says ben fob BEN FOK The writer is a manager (funds specialist) at Fraser Securities Pte Ltd. He can be contacted at 438-*****r e-mail benfok@fraser.com.sg With stock markets around this
        923 words
      • Article
        Lock icon Lloyds tech funds now with savings plan
        404 38  -  Bank will invest monthly allocation in third party technology fnnds Wong Wei Kong [SINGAPORE] Lloyds TSB Bank is extending its managed unit trust savings plan to include technology funds. Under the plan, investors make a monthly allocation and give Lloyds full discretion to
        404 words
      • Article, Illustration
        Lock icon The way back to income investing
        1027 38  -  It may be contrarian, bnt investment trusts are excellent for higher yields By Alex Crooke The writer is divisional director, Henderson Investors INVESTORS will always have a need for income but there is considerable debate as to whether equities are a suitable vehicle. The
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      • Article
        Lock icon THE UNIT TRUST SCORE BOARD
        423 38 UMT TBUGT/WCTOB (6 MONTHS: 29JAN8M0JULM) CHANGE BENCHMARK CHANGE Ton 10 funds 1 Five Arrows SEA Special Sits/ Far East Pac Ex Jap EQ* 103.33 MSCI AC Far East ex Jap 41.66 2 Aberdeen Spore Growth/Spore EQ 90 35 Spore Straits Times 50.25 3 Aberdeen Spore/SporeEQ*
        423 words
    • PROPERTY/INVESTMENT
      • Article, Illustration
        Lock icon When airy concepts lure
        803 39  -  THE FINER POINT Recently-listed firms with solid credentials, Golden Agri and Del Monte, suffer from investors' with internet plays Hy R Sivanithy WHY is it that nobody seems to be interested any more in companies that actually make things? Nuts-and-bolts things which we can see, smell
        803 words
      • Article
        Lock icon Bucking no-buying trend
        378 39 S K LIM had a mission. He wanted to buy a terrace house for his family and had spent six months hunting for one. Finally, he found his dream home at a property auction last year. It happened to be during the seventh month but not being
        378 words
      • Article, Illustration
        Lock icon Don't pray for bargain property deals
        757 39  -  Market forces, not supernatural ones, dictate prices daring the 7th month Reports but Corinne Kerk, Eugene Low IF superstitious house-hunters stay away from the property market during the seventh lunar month, does it mean that those who have no such qualms are going to
        FILE PHOTOS  -  757 words
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      7 28 Strait Talk TIIKBI MNKNSTimkn Shipping times m
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      76 28 CAST YOUR VOTE: Go to the BT Online website (business-times.asial.com.sg) and take part in the interactive poll based on this column. RESULTS OF LAST WEEK S POLL: Does ambience matter to you when you re eating? Yes! Ambience turns good food into a great eating experience 58.9 per cent. Just
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  • Page 28 Miscellaneous
    • Miscellaneous
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      153 28 CRYPTIC CROSSWORD 29 Teacher is good superior to head (9) 13 Declining to cross river, YESTERDAY'S SOLUTION showing caution (7) fi'lnln DOWN 15 Sharp one end, blunt the 2 Army a long time captive (7) other? Neat! (9) 1 ff 3 Sick, so lured here? (7) 16 Someone to cure
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      29 29 Ertect after one Laughing Buddha Martini 1 1 Eastsidc oi -)i I S<jii;iri on Mohamet I Suit.in I el |'N Am- limits and dress code apply Cocktails Sushi Wines
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      77 29 M v ||sy > "-W m 11 k Tfvnin h.. P jp 1,7 36 |,NCt GST| ,S A ONF nMf NON PRORATABLE PAYMENT 'FOR BOTH THE 1999 U S PGA CHAMPIONSHIP AND RYDER CUP. AND IS EXCLUSIVE TO SCV CABLE TV SUBSCRIBERS ONLY 2. AMOUNT truNUAHLt UlMltbb LANLtIIAIIUN OF SERVICE
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      495 30 Where to wine, dine and @>ttsS£r Every Saturday and Sunday pamper yourself from as early as 12.00pm to our sumptuous High Tea Buffet of popular Asian and Western sweets and savouries at Cafe Victoria. CALL: 330 3585 OR 330 3590 FOR RESERVATIONS (>«iON 76 Bras Basah Road, Singapore *****8 Tel:
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      102 30 Revolving Restaurant! Please call vßt K it for reservations letiaviaai J Ordunt Road Stngjporr 2 )Mi>7 W 7)7 4411 W*w Hao's 100 DisUes 6<?ur*ngV vJo»\>gr Prepare yourself for an incredible lunchtime buffet featuring 100 delightful dishes including Broiled Short'» Fin. Mini Buddha Jumps Over The Woll and Barbecued Roast Duck,
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      99 32 Back To design philosophy to eliminate embroidery ornamentation characterise the we say it? aesthetiEschewing needless pieces from John Kelly Design positively their human whether it's sleeping in beds, working at desks, eating from table tops or sitting in From the J1 Series to the latest N (nu) range, with John
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      75 32 □fel LION CITY HOTEL l"l THE SENSIBLE HOTEL Comfort Convenience AffordeLle BBBU PROMOTION W&oublt Occupancy) Itnkt <H» < fwt IB ki W SST. wEmwi Std Superior Room Nfldbyratt Do* »m rate 12?m-7pm Mpt m rale 7pm ia 3 ma n! to MState 15 mm tin to OmgUlkporl 19 mm im
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      144 33 Billy Bombers American Classic 160 Orchard Road üßi-i\ OrcbaJAEuni The new Saab 9-5 Estate. \3QP enough to accommodate your lifestyle. Nf vlI H enou h to com P |ement itpi cscMt.iti< <ii I lii'iv II .ilw.iys bo loon) ill tlu jjf B now S.i.ib 9-b l-sr.iu 1 With sf>.n:«» foi
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  • Page 34 Miscellaneous
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      2921 34 TODAY'S TV CINEMA Premiere 12 L3O In Conversation. All The Way. How far would you go for your friends 7 R( A) raCOMMEIIPED TOWnre 2 .30 PMTV Innovations. News Day Lido. 4.00 Close. Asian TpPTIQ in Everybody Loves 5.00 Kidz Blitz: Postman 6 Headline News. Anetln Ifwmmrn The Spy Who
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      75 35 Prime Residential Development Site 7q K\X d KlmV«m\ Y&\ For Sale By Tender i/K No. 10 to 17 Tong Watt Road j Site area 3,076.2 sq m (33,112 sq ft) M Sl,rt M Plot ratio 3.8 A 06 s*-" 999 years leasehold Zoning residential within conservation hwm c scm u
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      39 35 "E5 I rm [=11=] r-L. I y y s /?Home. D mafiam Since 1950 f Hotline: *****68 SINGAPURA BUILDING SOCIETY LTD Ang Mo Kio 458-4222 Beach Road 292-1459 Bedok 445-8011 Bukit Timah 467-1916 East Coast 348-8262 Serangoort 299-8855 &PO4IG
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      220 36 LAST WEEK'S WINNER: Congratulations to Madam Shyu Jiun Bing, NRIC no. *****871. She wins for herself a 3Com Palm IIIX for the July 23 issue on Insurance-Wise. Win a stylish Braun Buffel —M bimply send in the completed coupon and you stand to win a leamer OOCUmCflt hOldftf Stylish Braun
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      333 36 x brought to you by W Great Eastern Life (ireatLink. from (ireat Fastern potential for good returns. Life, gives you the kesl of kol h wor Ids; And remember. you're insured insurance and investment opportunities. wkile you invest. So even if you lose Tke flexibility to make your money worL
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon House hunting in the right spirit
      803 40  -  How widespread is the taboo on shopping for homes during the seventh month? oobikiie kerk and BDOBMB LOW find out CORINNE KERK, EUGENE LOW THERE'S a funny thing about the property market in Singapore. For one month every year, starting sometime in August, developers
      FILE PHOTO  -  803 words
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      311 41 Bridge News, Reuter US Gulf Panamax rates appear to be holding steady despite efforts by charterers to depress the market. A September US Gulf to Japan Panamax grain cargo is said to have been covered at US$l9.OO. Although the US Gulf Panamax has been talked lower this week,
      Bridge News,; Reuter  -  311 words
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      Lock icon MARITIME STOCKS
      261 41 «i» m CWTOMrftuHan U4 -004 SS Chuan Hup 127 -0.03 392 Cotco !MtM« L20 -0.06 56 FralqM LMu 0J5 -OOI 2053 GB HnMngs _0.93 -0.02 M Mai Sun Hup 0.74 -0.03 798 M4C HoMnga-HK 5.60 undi 0 J*r< HoMngi U>4 -0.04 330 Jurong Shipyard 7.90 -O.OS 129 Kappa)
      261 words
    • Article, Illustration
      Lock icon APL launches direct S'pore-Red Sea service
      433 41  -  New Red Sea Express service includes call at PSA's Aden terminal By\ Marcus Hand [SINGAPORE] Neptune Orient Lines' (NOL) container shipping arm has launched its first direct service between Singapore and Red Sea ports, including PSA Corp's terminal in Aden. APL's new Red Sea
      FILE FHOTO  -  433 words
    • Article
      Lock icon Owners, not charterers, held responsible for detention of vessel
      776 41  -  ADIOKALTY CASESOUK By\ Selva Kumar A VESSEL is not just "delayed" but also "detained" if it was ordered off its berth by the local authority and not allowed to discharge cargo until someone undertook to pay to either remove or store
      776 words
    • Article
      Lock icon Soviet submarine for sale
      75 41 [LONDON] Former Soviet foxtrot-class submarine U-475 has been seized by port authorities in Folkestone, UK, and will be put up for auction to cover seven months of unpaid harbour dues. The 92 metre conventional submarine, the largest in the ex-Soviet fleet at the time of its
      75 words
    • Article
      Lock icon China arrests hijackers of Marine Master
      294 41  -  By Marcus Hand [SINGAPORE] Chinese police are reported to have arrested 14 Myanmar nationals for the hijack of the Panama-regis-tered cargo ship Marine Master off Southern Thailand in March. The Marine Master, carrying a cargo of 6,000 tonnes of soda ash, was hijacked by
      294 words
    • Article
      Lock icon Colombo port urged to scrap common user concept
      291 41 Reuters [COLOMBO] Sri Lanka's Port Promotion Council, set up to make recommendations on marketing Colombo, is calling for the lifting of the "common user concept" to win back lost transhipment volumes, a council official said. "We have had to look at our
      Reuters  -  291 words
    • Article, Illustration
      Lock icon Better links for travellers
      863 42 US's N-E CORRIDOR US airlines and Amtrak are expanding their services along the Boston-New York-Washington corridor NYT THE choices are growing for travellers heading for the US north east along the Boston-New York-Washington corridor. Domestic carrier US Airways is making some of the biggest changes since
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    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      319 42 PACE ESP Lines 13 ANL 3 twfQKM 6 AASCO 12 FoongSun 8 Accord 8 F Ahrenkwl M Frt Lmks M Appenship 5 G Link 4 Austral 8 Onwtrans 6 Avant 14 Genshpq 13 B'tanq Mas 8 Glory Hav M BSA 7 HaiSunHup 12 BTl 14 Hanqli 7
      319 words
    • Article
      Lock icon SHIPPING GUIDE
      19771 49 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA CTA Advertiser v«i* Voyage Telephone ETA ETA Advertiser v«u< Voy age Telephone 8N Be*tH M— Name Nu»b»r Wmnttr SIN Dest'n Nam* M— Waiter Number MNNMMHWMMBMWMBMIMMMMIIRNRMMMMMBMHWWWWMHMMWWa3Mg?$MI ■■■■■■wWBHHHMMIHHBHHHMHMHMi To BUENAVENTURA (BUN) 2039 Colombia To ABIDJAN (ABJ) 2003 Cott D Ivolre 2 *m» 22/01 nyk norsul ipanema
      19,771 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        689 55 Vessel VoyNo Berth Arrive) Poptrtwo JVMf M Bt Sur Sakti (0899 JOI 05/08/8:15 05/06/1800 Bt Prtra J ***** JOI 05/08/800 06/08/23:59 Baystar 1 9908 JO 05/08/9:15 05/08/16:30 Tq Johof 18 646 J07 05/08/900 05/08/23:00 Bt Mm 6(6 S7 AUC05 JOI 05/08/11:15 05/08/23 39 6 express #05/99 JI2 05/08/9:40
        689 words
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        Lock icon CONTAINER SCHEDULES
        1719 55 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Mane* tith Ship »oy Wo Etb/Btr Ported From To From kojm um 04/1000 u 05*00 05/145* es*oo 05*00 M/Mn Hfm U 0VT700 04*454 04*900 a os/itoo 04*454 04*400 owo7oo ot/nn 04*00 4 04/1200 04*9* 04/1700 MMll H» KM M OVHOO
        1,719 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        191 55 Aagt Singapore: National Day. South Africa: National Women's Day. Aif 12 Thailand: HM Queen's Birthday. Amg 15 Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. As* 17 Indonesia: National Day. Aag 2S Philippines: National Heroes Day. Aag3o United Kingdom: Summer Bank Holiday. Amg 31
        191 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        784 55 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranee* in US dollar* instead of tingle price* for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        784 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        425 55 Cart* 180 Mu 990.4 8.1 173 0.10 71 OA M 29 OwUtY Mtw ImMh Ask MmMn Siftnrt No rtow E2S 0 2 2 0 0 1 380 Aw 986.1 0.4 M2 0.07 38 0.02 tin* 380 Mm K»5.0 23 20.8 0.M 235 0.08 »M/M %M/M mt
        425 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Higher jet fuel costs to eat into Asian airlines' profits
        565 56 Revenue from better loads due to economic recovery offset by big jump in jet fuel prices Reuters [SINGAPORE] Asian airline profits will be hit by higher jet fuel prices even as passenger load factors rise with the region's economic recovery,
        Reuters  -  565 words
      • Article
        Lock icon Boeing may get profit boost from recent 747 orders
        508 56 Bloomberg [SEATTLE] Boeing Co's recent rebound in orders for the 747 jetliner could have a surprise benefit next year, analysts say an increase in earnings. After slashing forecasts for sales of its most profitable jetliner last year, blaming economic weakness in
        Bloomberg  -  508 words
      • Article, Illustration
        Lock icon Floating runway completed
        66 56 [YOKOSUKA, Japan] The last section of a floating runway is being joined with the other sections, to form the Mega-Float, an ultra experimental floating structure at Yokosuka Port, 50 kilometres south-west of Tokyo, measuring about one kilometre long, 60 to 120 metres wide and three metres deep.
        REUTERS  -  66 words
      • Article
        Lock icon Two Taiwanese airlines to merge
        197 56 AFP [TAIPEI] Taiwanese carriers Mandarin Airlines and Formosa Airlines will be merged over the weekend to increase competitiveness, a Mandarin official said. Mandarin, which flies to Canada and Australia with three passenger jets, is a subsidiary of Taiwan's largest carrier, China Airlines (CAL). CAL also
        AFP  -  197 words
      • Article
        Lock icon Airbus to equip A318s with CFM engines also
        369 56 Airbus' decision a victory for CFM and Air France Bloomberg [TOULOUSE] Airbus Industrie said it will now offer a second choice of engine for its newest aircraft model, the 107-seat A3lB, after Air France said it wanted to put CFM International engines,
        Bloomberg  -  369 words
      • Article, Illustration
        Lock icon DHL to spend US$1.3b on planes
        149 56 Bloomberg [BRUSSELS] DHL International Ltd, a closely held delivery service company, said it will spend US$l.3 billion (552.18 billion) to buy planes to replace its fleet of Boeing Co 727s and Airbus Industrie A3oos. The Brussels-based company said it is talking to Boeing, Airbus
        Bloomberg; FILE PHOTO  -  149 words
      • Article
        Lock icon Airbus partners reopen talks on integration
        338 56 FT [LONDON] Talks are under way among the three main partners in Airbus Industrie on integrating their civil aircraft manufacturing, in what could be an important step towards reforms of the consortium that have been urged by European governments. Aerospatiale Matra of France, DaimlerChrysler
        FT  -  338 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1653 56 CITY FII6HT ETA FU6HT ETP N***** 1605 IH787 2350 MlllMi AMK30 1050 S***** 1605 N***** 2350 mm 9S snw 88 S0230 1850 UUn 2355 AmsttrdMi S023 0705 IU.844 0040 S026 2355 SO327 0745 IU838 2 300 SOW 1645 $0990 0W5 CA973 0945 S0328 2325 t—$0003 1905
        1,653 words
  • Page 41 Advertisements
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      20 41 USTsN-E corridor: Better links for travellers US airlines and Amtrak are expanding their services along the Boston-NY-Washington corridor. Pat© 2
      20 words
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      120 41 Tjrr-f TERMINAL MULTIPURPOSE MERAK MAS Public Licence Granted s Ist May 1999 i" I IHSBH I jriortt .v M A; -ji,' PORT BENEFITS Value to Shippers Consignees (who are located around Banten area): Cost Reduction Reduced Lead Time Increased Efficiency Increased Security Safety Weekly Feeder Service Value to Shipping Lines:
      120 words
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      Lock icon Page 41 Advertisements Column 3
      25 41 Higher jet fuel costs to hurt Asian airlines'profits Revenue from better loads due to economic recovery offset by big jump in jet fuel prices. BaokP»g»
      25 words
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      1272 42 t NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DW6CT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) VBSH VOT (TAW fIDSN LONG MACK MUAS HOUSTON OOCAOO MWTOM MQXDOTT VBM VOT |"W1 n.Qtfmtl AOMTU 1 SAM 10—70 I H—"o 1 W r Hm*
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      696 42 Lines services represented jMw !f©l= t>V Members <* the Registry of /995% ££rd*s Accredited Shipping Agents Sggjjy Association Singapore Shipping Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMMER/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 23/08/99 BOOKINGS CALL MONKA/JUUA TIL 323 4374 CONIAMOS/ CONVENTIONAL CAJtGO 10« FORT
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      1084 43 TO EUROPE FROM EUROPE Ivpsa vot iii m w hhi w iou m ta~| lypsa vorliw hwi wv iai muhsm HOSa 521W 07/01 74/ M 24/01 29/01 30/01 NaontM 0121 IS/07 17/07 70/07 14/07 07/0* MX AGAR 014W 09/08 21/00 23/08 31/08 25/08 NOtUUTI OI4C 11/07 20/07 23/07 24/07 11/08
      1,084 words
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      2262 43 @H ANJIN SHIPPING jik r I i*hNpU> Sdm *****30 HAMJM SMffMG (5) HI lIP IQOMtt *****3S 73/ WIS *****74 731 POCUIttI 737*771 774 QfUATIom *****50 7SI MM* um *****55 HJ 777TH0 Q» lISMrWION TO NW USA A CANADA USA CANADA* rat va/vor rs~rs hmi/vot 3T~| rw 5a m oo kt
      2,262 words
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      1808 44 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtSStl VOY SIN LEH RTM MIR HAW BRV FLX ttSSEt TOY Sm GIT Sft fOS AC WTR PUOOMG SENATOR 10 01 27 M 71 n 29 08 31 01 31 08 82 01 CHOYANG CHANCt WMMS 12 88 2118 11 88 02 88 84
      1,808 words
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      1124 44 AM MAC-NELS S PORE M'SIA Carrier: MN CONTR UNES, INC P. GUDANG: (07) *****26 1 l\~/ J O" NO: **********00 SIBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JICT: (21) *****45 KUCHiNG (062) *****1-3 KARACHI VANCOUVER MV "SINAR PADANG"
      1,124 words
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      556 44 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO VMSCI S PORE N SHEVA COLOMBO PKLANG TULSIDASWII2 09 AUG 17 AUG 24 AUG 21 AUG HARPON SILVER V 002W It AUG 23 AUG II AUG K «£P CAPE CANAVERAL ¥110W 23 AUG 31 AUG (7 SEP 12 SEP TULSIOAS V.113 30 AUG 07
      556 words
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      1486 45 [vessel vov khh hkg sin pkg pqb dxb pmm BA BMC 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 06/08 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 PCL-5116
      1,486 words
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      1218 45 Sailing to Ad oa Nodtidflh, Djibouti (Via Dubai) J I SINGAPORE'S GENERAL AGENTS: 80 ROIINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #12-00 SAUS/IKGS *****57/60 INWARD DEPT (D/OI *****85 COSTAR AGENCIES (M) SDH BHD CRNO: **********0 M SINGAPORE *****8 CONVENTIONAL *****50/S5 T/SHPMT
      1,218 words
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      1444 45 EUROPE EXPRESS SCTVK3 EXPORT IMPORT vissa ;WT ,ai ißt tm iM ham ohv fu wr m 'm« ;iu lia ai~ PUOONG SEN 010W 00/08 24/04 IS, 08 79/08 30/08 01. 09 03/00 POOTUGAL SEN 0081 22/07 25 07 11/t> PUSAH SfN 010W 17.08 03.09 05.'09 07, 09 06 '09 09/09
      1,444 words
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      1352 46 EUROPE/UKySCANDINAVIA/FIN^NO/RUSSiA C liill RD HBG P m LHV LHV TMP RDM ANW HBG PKL SGP I I ®*2" atXN 06/08 »34)9 05*9 E BEACH RE >24 15*7 17/T7 16*7 IM7 29*7 UU 09*8 j SS^JXfl 1 252 08/09 04/09 06/09 07/09 04/09 E BOYW RE 043 2V 7 U 7
      1,352 words
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      1141 46 r PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSSStM Ifc 140 Cecil Street, >03-00 PIL Building. Singapore *****0. CR NO 100a*****00F I ItYffifl YW ritt sw HI sn> «a #u» ff» iff -ffi- ,o, 'V M -^-^3 umioaimm i lis iQ/« M/« 7711 v/t in I ||vt?ffl —vgy_JS_ ot mo m
      1,141 words
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      458 47 i BSA x imm MYANMA pBBk FIVE STAR LINE W (Myonmar National Line) Loading for Yangon (Rangoon) VESSEL VOY SIN PKI PEN PGU SAGAJNG *0W SIO XENG TUNG 4W SU> MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TIL (03)*****00 PKL TEL (03) *****01 PEN: TIL (04)2*1240? PGU: TIL (07) *****21/4 v—•
      458 words
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      1332 47 MMAW 1 HYUNDAI MERCHANT MARINE CO., LTD. IVBSB VOY ISW I SOU lUH RTM ANT HAM BtV FE IVESSB VOYI SOU Ifll RTM ANT HAM BtV re ISB I THAAAB SS6W 06/0# 24/01 29/08 2*/0 l 27/01 NOLCYPtM 0121 14/07 21/07 17/07 20/07 07/08 MOSE S2«W 07/08 29/08 30/08 24/00
      1,332 words
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      1169 47 WALLENIUS WILHELMSEN TO NORTH AND lATIN AMERICA 'CAR RORO HIAVYUFT HRVICI' VESSEL VQY UAMP HEIGHT SIN I LAX CKL MIA SAV lAL OtE NYC NEW MM TARONGA i AHO3 400 Tom 6.3 M 10/08 09/09 11/09 21/09 23/09 25/09 26/09 21/09 02/10 04/10 TAIKO AHO4 400 fan 6.3 M 25/08
      1,169 words
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      755 48 iANOKOKW TA WillT/LAKII CNABANOI JAKAHtA/PAMJANO VESSEL VOY S4N BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 420N 07/06 11/08 10/06 OURU BHUM 14Q8B In Pt 06/08 XETMABHUM" 296 M 06/06 11/06 12/06 AICA BHUM* 365S 07/06 11/06 ULABHUM 117N 10/06 13/06 14/06 ANRO JAYAKARTA* 096 07/06 10/06 ANAN
      755 words
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      319 48 INDONESIA NATIONAL LINE TO AUSTRALIA *1 rVLLCOKUMMRMFMC* n _m m m jk_ JB_ m. BL mstswm m K/nvm u/w nm nm nm mmma ib ir/wiyw a/w vm»m b/wb/w WMMI I« wii/w ii/w «yw »/w u/w wami |ns|y/i»»/wlg/w| Iw/wlu/wjit/wx/w FEEDER SERVICE TO INDONESIA VOT VOK $MM U-PMBMK WUUW vot gMNg iwu
      319 words
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      757 48 VESSELS VOY -5T PKL I JB3 I MLA LEH RTM HAM ZEE 80T VXLED'ORtON Y32W 11 AOS 12/08 2008 25/08 31/08 Ojg 03/08 06*08 08*08 VU-EDCMBAOQA V33W 16/08 17/06 2MB 31/08 OSQB 07/0B OBA3B 1(V08 i» VIXE DC TANYA T33W 23A» WDB OgA» 07/00 13W9 IVOB 16A» 17/09 18rt» \WO£
      757 words
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      38 49 nmajamn «am >>n Calling More Than »»«Mh«™«c«—,s«« 1500 Worldwide Destinations. Find out more on Pg 13 For Complete Schedules INDIAN OCEAN SHIPPING AGENCIES? Information Look Under HAI SUN HUP ••> Turn To Pg 5 Pg 12 ON EVERY MON/WED/FRI
      38 words
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      48 51 Trr^rofTsemantr -Sr tfemp;; (Retrieve more schedulesl) c JtjTV Select the port and key in SKI the four digit code eg: To New York (NYQ 2275 SWjl Key in your fax number SHsjEnter your phone numb* by The dOCUITWnt Will be TFMF<j SI S*J faxed to you* lliUXjO fbrofcMtttm'Siigtim
      48 words
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      124 52 (fOtIST rtOOUCTS SEUVKI) (Semi-Con Service For (hMm Island Franandr Coco. Island) EUROPE SiRVKE I "Abo oil other wtrt Australia ports mtjed to inducement I Wf SCN KKU TMA VESSfL VOY. SIN CXI FNL COS NMSIHUV3U 47/04 09/08 12/04 TMOt KIRSTEN 41 SB SUED SAILED 12/01 22/0. ■MATSU IBM (M) SM
      124 words
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      182 52 nSsco^^VfVffnfVfjnnTTfffnfJKiiT^^^H B SHIPPING LINE I .ffil |1 fil k ■iVj Til I Bu |I I I [|II|I I LIBYA TOMHIO UNO NAZI MISURATA IHNU LuuJ |vissai*M| votwo I lalw >n mm —i Im w |h[«s w mm sin stkuiistb ovw w> kh muo im mi m >w n/w MMtl SIM
      182 words
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      141 52 KWIt THIIS/ WHI SAMJWCS: P. CWAMC/SJHWOtI SOUTH BOUND iKßsa wr room I an BMUaMII fig MB IBM BMUSMiI fIMS HLHHD I 1/.IMI JBWAMI WSg I »*i^> MMASHM 1M W/HfIMP I tMKWB] cwiswi fisys ii/wwai I BMUSIMII fISB H/M(IW IVatHB MOtTM IQUND wssa wr m ramw wuam *isa ffti) ~ofa(H« BMUSmi
      141 words
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      715 53 —whSAMUDERA shipping line ltd 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL.- *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT HUE: 535 6266 Celia/Jessica/Mei Chan/Jeslynn/Dora/lvy/Hanim SEZZSMSBBSBSI 8 slgs/week every 4 days VFSSEL VOY SIN JAK VOY SIN •|w
      715 words
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      1002 53 SIN TO SRI LANKA/ INDIA, CANADA, US/EC/GULF, MEXICO IHO SW 1 JKT SU» IKW I PPG |UM I tow Imtl wn T'ow SAV «W taw HOK* MXttVA/MS2 QS/QQ l)/Qt u/ M t /M ?*/00 21/01 M/ 00 05/00 03/10 00/10 M/ 10 11/10 15/10 70/10 23/10 HOICti m /9H2 -22/00
      1,002 words
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      98 53 SHIPPING •WAREHOUSING Baton: Sinpjp wv I jading Ikulv M«m to Sal (BATAMINDO l/UI) Accepting KlA\*MS«xwial/Pn>ject/Heav\ Ijft Capi Reefer «mirvr Bintoa: Singaf**t 1 iiadmg M<wt Vfcwl Kn (BATAMINDO [l> /VxxfWnj! KIX dMrtunaWmieii Heavy I jft Cajsi Tel: 227 0322 Fax: 222 9330 B«t«afcdo Shipping 1 Warefawsing Pte Ltd TA H«1 <—»»■«
      98 words
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      585 53 rrrg Singapore Soviet Skipping CPL k\\V a*c INSOMMQM mVVI Multiline Shipping PL JJ J f*Wy foiled Sek*ry) Ho **********0 C VISSCL VOY I SIN I lOM PNG PU KOTA RUKUN RKNO47 2S/M 01/01 TM 11/09 KOTARATU RTUOSS 29/ OS 05/09 TU 15/09 KOTA RUKUN RKNO49 12/09 19/09 TU 79/09 [VESSEL
      585 words
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      544 54 I "vessel VOY^^SIJ^^IIIA^^SI^^I TIGER SEA 725N 06 07-08 12 17/06 21 2206 I TIGER BAY 726N 0910/06 14 19/08 24 25/978 I TIGER ISLAND 727N IJI4AM 1»24/06 282ft06 I TIGER PEARL 728N 1&17/W 21 27«6 0102/09 I TIGER SEA 729N 21 22/08 2701/09 0&0&09 I TIGER BAY 730N 28 O£T)9
      544 words
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      952 54 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 152-*****113 flms@as«oonline.net Surabaya
      952 words
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      949 54 (XXL (Singapore) Pte Ltd CFS Kepp^l *5 Ckfc St OCBC Clr 042-00 *****13 Oft 513 #01-121 *1 CI MO **********0H W: 272 7127 hr kmkm9 %ii W: 43*33*3 Fu: 431 2066 f«: 272 7*25 Oriwf Overseas Container Line (Malaysia) Sdr Bhd (R«g No: *****7-UI ca >N PETAIJNG JAY A U;
      949 words
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      101 54 CONVENTIONAL SERVICE VESSEL ETA ETD DESTMATXM CHAHAYA VICTORY OM» ***** JAKARTA /PANGKAL BALAM SOUTHERN QUEEN HMH 1208 SURABAYA JUBILANT 12AM 1406 YANGON CHAHAYA STAR 1&06 IMB HOPETOWfYCALCUTTA REGULAR DIRECT COMTAMER ABREAKBULK SERVICE TO PORT LOOP A DURBAN EXPORT VOY SM PTL DSN ALS EXPRESS 07WB 07/06 17AM 22/06 ALS ENDEAVOUR
      101 words
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  • Page 55 Miscellaneous
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      127 55 LEGEND R Thunderstorm Temperoture *q v Shower Weather Wind direction with speed m knot* e e Rom V y Cloudy Sky W w Surfoce winds ore indicated by arrows which Hy with the wind One hi* circle represents calm or kght and vonobte wmds One haH Heche represents 5 knots
      127 words
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      138 56 By Appointment of Nelson Wheeler Coroorate Advisory Service* Assets of 4 Hong Kong Construction Companies UUH (In Voluntary Liquidation) Cranes 1998 Leibherr Fully Hydraulic 120 Ton Crawler Crane Model HSBB3HD c/w 2 Hook Blocks 2 Winches and A/C Cabin 1995 IHI Fully Hydraulic 100 Ton Crawler Crane Model T «DCHIOOO
      138 words