The Business Times, 13 August 1999

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Microfilm: NL21521
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 TheBusinessTimes MITA (P) 04tVl-^9H 85C SINGAPORE Internet: http: 'business-times.asia 1 .com .sg/ FRIDAY, AUGUST 13,1999
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  • Article
    Lock icon MARKET SUMMARY
    69 1 wmsn U *****1 (+25.28) BT-SBI 783.74 (+10.22) SMSCI FUTURES 274.40 (+4.00) Q HABXET HOOD: U Mixed STOCK HASKET INDICES Thursday Change KLSE COMP 728.96 +40.46 NIKKEI 17,422.97 +211.81 HANG SENO 12,779.75 +341^8 SET INDEX Closed JAKARTA COMP __J66.22 .+10.96 MANILA COMP __2.187.87 +29.68 TAIPEI WPI 7,330.24 +***** SEOUL
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  • Article
    Lock icon FINANCE
    79 1 FOREX RATES uss s* CSS 1.674 £(USS/S$ per 1.610 1694 EURO(US$/S$ per E) 1.064 1.781 DM 1.838 0.910 YEN 116.7 1.447 RM 3.800 0.440 HK$ 7.763 0116 BAHT 38.01 0.044 MJPIAH 7,826 0.021 PMME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.08 MANILA 11.00 HONGKONG 8.25 TAIPEI
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  • Article, Illustration
    Lock icon Malaysia back in MSCI from next Feb
    1076 1  -  But no reversal in financial policies; watching Clob situation, it says From Eddie Toh in Kuala Lumpur MORGAN Stanley Capital International (MSCI) yesterday announced that Malaysia would be re-included in its widely-tracked international stock indices from next February. The move is expected to
    Source: Reuters  -  1,076 words
  • Article, Illustration
    Lock icon S'pore should have stopped ringgit short-selling: BN chief
    430 1 Central banker also hits ont at shorting of M'sian shares through Glob AFP (KUALA LUMPUR] Singapore should have taken steps to prevent the short-selling of the Malaysian ringgit in its markets last year, Malaysia's central bank chief said. Ali Abul Hassan Sulaiman,
    AFP  -  430 words
  • Article
    Lock icon Traders less than merry over STI rally
    307 1  -  Thin volume, edgy trading raise doubts over strength By R Sivanithy [SINGAPORE] An overnight rally in the US bond market brought some respite to regional stock markets yesterday. In Singapore, the Straits Times Index rose 25.28 points to 2,012.81 for its first gain
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      Lock icon Page 1 Advertisements Column 1
      139 1 dtstoe Bigwigs barred The Securities Commission has barred dozens of prominent Malaysian tycoons and their senior executives from leaving the country as it steps up enforcement of securities laws in ifc bid to clean up the corporate sector, w *(I Mew odpc dirflctr The Monetary Authority of Singapore has approved
      139 words
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      15 1 NOT JUST THEMES FOR A DREAM »mi 2 Seeking legal advice on resale properties ■EM
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      137 1 Funds unlikely to rush back into KL,Pg2 Taipei up 1.4% as China fears ease, Pg 2 Rupi&h under continued pressure as USS surges, Pg 2 STI support seen at 1,990, EM 10 1 t I To r /s I s, 1 CQRUM 1 slk S rt' I T- > ADMIRAL
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  • FOCUS: MARKETS
    • Article
      Lock icon Funds unlikely to rush back into KL
      608 2  -  KL BACH IN MSCI M 'sia's re-inclusion may squeeze S'pore but bigger impact from Taiwan change, say fund managers Hy! Siow Li Sen, Ven Sreenivasan (SINGAPORE) Fund managers said the re-inclusion of Malaysia in the Morgan Stanley Capital International (MSCI) index was positive
      608 words
    • Article
      Lock icon The full text of MSCI statement
      454 2 IGENEVA] Morgan Stanley Capital International Inc (MSCI) announced today (Aug 12, 1999) that, barring a reversal in the process of liberalisation of the Malaysian financial markets, the MSCI Malaysia Free Index will be re-included in the MSCI Emerging Markets Free (EMF) index series and
      454 words
    • Article, Illustration
      Lock icon Templeton a big seller of KL stocks
      673 2 Reuters [KUALA LUMPUR] Mark Mobius' Templeton Emerging Markets Fund has been the big seller of Malaysian stocks in recent weeks but with 90 per cent of its holdings already disposed of analysts expect the selldown in Kuala Lumpur to taper off. Analysts said
      Reuters; FILE PHOTO  -  673 words
    • Article
      Lock icon Taipei stocks up 1.4% as China fears ease
      243 2 AFP, Reuters [TAIPEI] Taiwan share prices closed 1.4 per cent higher yesterday, spurred by institutional buying as investors felt tensions with China might be easing, dealers said. The Taiwan Stock Exchange weighted price index rose 101.56 points to 7,330.24, following a 0.6
      AFP,; Reuters  -  243 words
    • Article
      Lock icon Clob issue: KL's MSCI return seen positive
      388 2  -  If fands return to ELSE, selldown fears may be allayed By Ven Sreenivasan (SINGAPORE) The re-inclu-sion of Malaysia in the Morgan Stanley Capital International (MSCI) index could turn out to be a silver lining for holders of Malaysian Clob shares, according to experts.
      388 words
    • Article
      Lock icon What they say
      381 2 Bridgenews '(The reinclusion of Malaysia and the doubling of Taiwan's weighting) is negative news for other markets like Singapore and Hongkong, but I don't see heavy selling in these markets (today). While a country's weighting would have long-term implications, in the short and medium-term, fund managers would
      Bridgenews  -  381 words
    • Article, Illustration
      Lock icon Rupiah under continued pressure as US$ surges
      389 2  -  Overnight gains on Dow depress Asian units, baht hits new 1999 low of 38.25 ffy Larry Wee [SINGAPORE] The Indone sian rupiah was pressed lower again in Asian trading yesterday, as domestic worries were compounded by an overnight rally that carried the US
      Source: Reuters  -  389 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore Power buys 51% of APP plants in China for US$195m
      566 3  -  It may raise charges for electricity as fuel costs rise; rebates eat into profit Reports by'. Eugene Low SINGAPORE Power yesterday said it is buying 51 per cent of Asia Pulp Paper's (APP) co-generation facilities in China for US$l95
      ALPHONSO CHAN/ST  -  566 words
    • Article
      Lock icon SP to buy gas from SembCorp unit
      411 3 Deal won't affect Pertamina talks, says S'pore Power SINGAPORE Power, which is still in negotiations to buy natural gas from Pertamina, has agreed to buy gas for its PowerSeraya plant from SembCorp Industries. "We were made an offer to purchase 75 million standard
      411 words
    • Article
      Lock icon Tibs will pay a fair price for SMRT in merger
      255 3  -  BUM Lim Boon Wee Director (Investment) Ministry of Finance I REFER to the letter "Why no public offer before merger of SMRT and Tibs?" by Shi Guo Ji (BT, Aug 11). He states that the purpose of his letter is
      255 words
    • Article
      Lock icon Try 'delayed one month' deal for short-selling
      246 3  -  Denis Distant Singapore via Internet I REFER to the very timely Hock Lock Siew article "Outdated mindset on short-selling must change" by R Sivanithy (BT, Aug 12) and suggest that the relevant authorities seriously consider the points raised. Regulated short-selling is not something
      246 words
    • Article
      Lock icon No more market manipulation?
      99 3  -  A S Khaled Brunei via Internet SHORT selling is certainly not illegal. But it can become an acceptable practice only when all market participants, not just the professionals, have adequate information. The outcry against short selling is actually meant often to register protest against perceptions of
      99 words
    • Article
      Lock icon Western Digital likely to axe 500 at S'pore facility tomorrow
      499 4  -  Company said to be holding job fair today; it plans to move ops to KL By. Jennifer Lien LOSS-MAKING disk drive maker Western Digital (WD) is likely to announce some 500 job cuts here tomorrow as it steps up the
      499 words
    • Article
      Lock icon Corrections and clarifications
      75 4 IN our Aug 11 report, "Columbarium developers test new market niche", we said that some niches for urns at Bright Hill Temple were said to have cost as much as $80,000. This was based on information obtained from a phone call to the temple. Kong Meng San
      75 words
    • Article, Illustration
      Lock icon SG ups growth forecast to 6.3%
      311 4  -  EYE ON THE ECONOMY Outlook By* Anna Teo ECONOMIC growth should accelerate to 8.7 per cent in the second half for a full-year pace of 6.3 per cent, says SG Securities in its latest comment on the Singapore economy. The firm raised its forecast
      Source: SG Securities  -  311 words
    • Article, Illustration
      Lock icon SCV wires up homes ahead of schedule
      242 4  -  By' Toh Han Shih NEXT month, Singapore Cable Vision (SCV) will complete its task of wiring up almost all homes in Singapore ahead of schedule. Having completed its network, SCV will commercially launch its cable modem service and introduce new services on its
      CHRIS LOH  -  242 words
    • Article
      Lock icon Travel agents unfazed by Iata-IBM plan to start e-ticketing
      407 4  -  Their value-added services will retain customers, they say By] Marissa Chew TRAVEL agents in Singapore do not expect to be too adversely affected by airlines' electronic ticket sales, saying that their value-added services would help retain customers. They were responding to
      407 words
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      482 4 Asia Miles «#»»>♦♦» Hv|9#| MBjjlM^Byß^^^^Bl r, B^^BP|p B Rnlsfl B*: I fißKi w >»itw.iiMii i; <#*«• Irilflfr iMH i^^Mi^lßßli. fIU I #VIMI WMMPIPP* MJ I (■(■f B bHSb^ilm^h,l "^tfuTi sss3BßHy{ TTW f^tut —ujiuiiiiji > ||^jiji j u v r •-■> |h H'- VJfc> w X ree flights come easier with
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon M'sia's SC bars bigwigs from leaving country
      357 5  -  Bat spokesman denies report that there's a 'wanted list'of 70 people From Eddie Toh in Kuala Lumpur THE Securities Commission (SC) has barred dozens of prominent Malaysian tycoons and their senior executives from leaving the country as it steps up enforcement of securities
      357 words
    • Article
      Lock icon BN dispels talk of more than six anchor banks
      381 5  -  It highlights only six banks in pricing guidelines for merger From Ruth Wong in Kuala Lumpur BANK Negara Malaysia yesterday indirectly brushed aside widespread rumours of more anchor banks than its planned six when it disclosed valuation guidelines for the merger
      381 words
    • Article
      Lock icon Dr M to discuss Proton plant, bank plans in China
      139 5 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad will push for the national carmaker Proton to be allowed to set up car assembly operations in China during a visit to the country next week. Foreign Minister Syed Hamid Albar told
      Reuters  -  139 words
    • Article
      Lock icon Creditors stop Cibinong rescue
      395 5 nrooMBSM* BBsroncTOßiiia wobs It was to get USsl.3b debt revamp until over USs2oom vanished from books FT [JAKARTAI Talks on one of Indonesia's largest corporate debt restructurings, covering about US$l.3 billion (552.2 billion), have collapsed because over US$2OO million in cash has disappeared from the company's
      FT  -  395 words
    • Article
      Lock icon Call for heads to roll over Bank Bali
      260 5 JAKARTA AFX-Asia, Bridge News CENTRE for Banking Crisis (CBC) watchdog group has urged Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita, Finance Minister Bambang Subianto and chairman of the Indonesian Banking Restructuring Agency (Ibra) Glenn Yusuf to resign in the wake
      AFX-Asia,; Bridge News  -  260 words
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      177 5 i» 3 W, —> ««> > —~ir «r I How do turflUlent waters I no bridges to cross? I J v Jtfe Imagine. Nature's purest gift at the helm of your desire. Whether it's an off-road adventure, or a trip around the city, Or rather, at the mercy of the
      177 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon HK airport offers discounts to airlines
      423 6 HONGKONG Those that start new routes to and from HK pay 33% of current fees Bloomberg HONGKONG, aiming to defuse criticism that it charges airlines too much to use its new airport, said it will offer a discount with a catch. The Airport Authority,
      Bloomberg; FILE PHOTO  -  423 words
    • Article
      Lock icon HK developers offered stakes in Guangdong firm
      347 6 HONGKONG Govt seeks fnnds for troubled Guangdong Enterprises: report AFP, Reuters SEVERAL Hongkong developers have been asked to take stakes in troubled Guangdong Enterprises Holdings Ltd (GDE), an investment arm of the Guangdong provincial government, it was reported yesterday. The Guangdong government was
      AFP,; Reuters  -  347 words
    • Article, Illustration
      Lock icon No need to intervene in stock market again: HK
      314 6 HONGKONG Bridge News THERE is no need for the Hongkong government to again intervene in the local stock market, a government spokesman told Bridge News yesterday, almost one year after the first ever stock market intervention in Hongkong's history. The government
      Bridge News; FILE PHOTO  -  314 words
    • Article
      Lock icon No early WTO entry seen for China
      281 6 WASHINGTON Membership nnlikely before group begins Seattle trade talks in Nov: EU official Bloomberg CHINA probably won't be able to join the World Trade Organisation before WTO members begin a three-year round of trade negotiations in Seattle in November, said John Richardson, the
      Bloomberg  -  281 words
    • Article
      Lock icon Taiwan property insurers eye South-east Asian market
      425 6 TAIPEI They want to cater to Taiwan investors, diversify overseas Bridge News TAIWAN'S property insurance companies are moving into South-east Asia to cater to Taiwanese investors there and to keep up with an internationalisation trend. Several firms have started to acquire stakes in
      Bridge News  -  425 words
    • SINO Briefs
      • Article
        Lock icon No billboards on Beijing's main street
        74 6 AFP [BEIJING] Beijing has ordered all billboards and commercial signs along its main thoroughfare be permanently removed —without compensation to advertisers —in the run-up to China's 50th anniversary celebrations. "All billboards and neon signs on Chang'an Boulevard will be completely taken down by Sept
        AFP  -  74 words
      • Article
        Lock icon No yuan devaluation this year: official
        67 6 AFX-Asia [HONGKONG] China Everbright Ltd chairman Liu Mingkang, who is still vice-governor of the People's Bank of China (PBOC), said the yuan will not be devalued this year, the Ming Pao Dally reported. He told fund managers Wednesday that a devaluation would not help
        AFX-Asia  -  67 words
      • Article
        Lock icon HKFE may delay electronic trading
        60 6 Bridge News [HONGKONG] The Hong Kong Futures Exchange (HKFE) may delay the introduction of its electronic trading system until 2000, if it fails to introduce the new system by September. HKFE sources said that a circular was to be sent to members yesterday, informing them
        Bridge News  -  60 words
      • Article
        Lock icon Shanghai to issue 10,000 credit, IC cards
        85 6 Reuters [SHANGHAI] Shanghai will issue 10,000 combined credit and intergrated circuit (IC) cards by the end of this year and they would be accepted by most of the city's banks, the Wenhui Daily said yesterday. The new type of card would help the
        Reuters  -  85 words
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      167 6 ustralian Seafood. At I ,e Meridien I fowl l>i< I/if t omfnising fresh l\ flown in fish, crustaceans and shellfish /nun l/ir seas of Australia. A mbro/sal rod; oysters, suit ulent scallops, delicious lobsteis ami \a hbi.es as null as favoured fishi s like lied i.mfteror and liarrainu udi. Savour
      167 words
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      40 6 IMEUS.IT MBfalT tIEUS. i I MS. II tIEUS.IT tiT news fIEUS.IT jrf C JJ Mrj ic TJ NCI IQ TT TT ri||S|PrtigßT MENS. IT BusinesslT, every Monday in THE BuSlNltslfoffS. i 1 1 11 11 f 11 i n 111
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  • ASIA
    • Article, Illustration
      Lock icon S Korea springs surprise audit on Samsung units
      368 7 CORPORATE OVERHAUL IN KOREA SEOUL Move underlines govt determination to bring conglomerate chief into line AFP SOUTH Korea's government yesterday stepped up pressure on the defiant Samsung Group by announcing a surprise audit of the conglomerate's financial units. The inspection of the
      AFP  -  368 words
    • Article
      Lock icon Daewoo to be dismantled, reborn as auto giant
      309 7 SEOUL AFP SOUTH Korean financial watchdogs yesterday said the embattled Daewoo Group will be effectively dismantled to be reborn as an auto giant. "The Daewoo Group will be left only with auto-related businesses after its restructuring programme is finished," Financial Supervisory Commission
      AFP  -  309 words
    • Article
      Lock icon Japanese Q2 trade surplus down 13% to 2.1t yen
      249 7 TOKYO Bloomberg JAPAN'S trade surplus shrank in the April-June quarter, as imports rose more than exports and the services deficit expanded, a sign that the world's second-largest economy may have contracted again after just one quarter of growth. The goods and
      Bloomberg  -  249 words
    • Article
      Lock icon Aussie jobless rate drops to 9-year low
      162 7 SYDNEY AFP AUSTRALIA'S unemployment rate plunged to a nineyear low of 7 per cent in July as a buoyant low-inflation economy produced thousands of new jobs, official data showed yesterday. Bureau of Statistics figures showed employment rose by a seasonally adjusted 17,800 last
      AFP  -  162 words
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      Lock icon Page 7 Advertisements Column 1
      232 7 V!pr MASSIVE PUBLIC j rCARPEI I auction: I RETURNED EMBARGOED SHIPMENT j (NO MINIMUM RESERVE PRICE) A large consignment of returned embargoed Persian and Oriental carpets to be liquidated by a major Germany-based dealer and wholesaler. A great opportunity to purchase fine handknotted carpets and flatweaves, and at these low
      232 words
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  • THE WORLD
    • Article
      Lock icon Fed sees more growth, little inflation for US economy
      613 8 WASHINGTON Latest report eases concerns that FOMC will raise rates again soon Bloomberg THE US economy's nearrecord expansion is still virtually inflation-free, the Federal Reserve said, taking the edge off concerns that central bankers will raise interest rates again soon. The
      Bloomberg  -  613 words
    • Article
      Lock icon US retail sales strong in July, labour pool tight
      314 8 WASHINGTON Reuters, Bloomberg SALES at US retail stores strengthened broadly in July, the Commerce Department said yesterday, adding to signs that the US economy remained well-supported by hearty consumer spending. The total value of retail sales climbed a stronger-than-expected 0.7 per
      Reuters,; Bloomberg  -  314 words
    • Article, Illustration
      Lock icon Warren Beatty may run for US president next year
      455 8 NEW YORK He is displeased with current Democrat candidates like Gore NYT WARREN Beatty, who played a senator crazy enough to speak the truth in Bulworth, said on Wednesday that he is considering running for US president in 2000. Mr Beatty,
      NYT; AFP  -  455 words
    • Article
      Lock icon Latin American bourses hard hit by capital flight
      480 8 SAO PAULO, Brazil Trading volumes dip in all of region's stock exchanges NYT FOR the first time since he started trading stocks 16 years ago, Helio Ozaki, the chief trader at a small securities firm here, is shifting his focus to New
      NYT  -  480 words
    • Article, Illustration
      Lock icon Punic War erupts on Belgian beach
      83 8 [ZEEBRUGES, Belgium] ARTISTS yesterday put what looked like finishing touches to a giant sand sculpture representing "The Punic War and Hannibal's crossing of the Alps with elephants" on the beach ofZeebruges. Sixty European sculptors will build monuments representing the rise and fall of the
      REUTERS  -  83 words
    • Article
      Lock icon World Bank computer woes leave 200 staff unpaid
      313 8 WASHINGTON LAT-WP THE World Bank has plenty of money it lends more than US$25 billion (5541.8 billion) a year to poor countries. But thanks to computer problems, at least 200 of its shortterm employees and interns have gone unpaid this summer, for
      LAT-WP  -  313 words
    • Article
      Lock icon EU risks trade war over foods: US
      246 8 LONDON Reuters THE top US representative in Brussels has warned that Europe and the US are heading for a trade war over an European Union (EU) decision to suspend licences for genetically modified foods, the Times reported yesterday. Richard Morningstar, writing in his
      Reuters  -  246 words
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      Lock icon Page 8 Advertisements Column 1
      82 8 We've been around for the past 20 years. Of late, guests have begun to speak of us in an endearing, soon-to-miss-you tone. To thank you, we offer the fourth night's stay at the Garden Hotel free. It's easy. Just stay a minimum of three consecutive nights. But whether you stay
      82 words
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      25 8 Location Sungei Kadut, Kaki Bukit, Jurong or Senoko Size 2 to 5 hectares Interested parties with land, to let, please call E.H. Koh at 9818-0992
      25 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon High anxiety in world that never logs off
      865 9  -  THE BOTTOM LIME OPINION By Thomas Friedman The writer is a New York Times columnist NYT IN this millennium year, many people will be looking for the story of the century. I've already found mine. It's actually the story of the next
      NYT  -  865 words
    • Article
      Lock icon IN OTHER WORDS
      133 9 Both governments should give up this madness as it can only lead to the destruction of not only the subcontinent but the whole region.' Wmwaiw All Pakistani human rights activist, on the ongoing mutual recrimination between the governments of India and Pakistan. I think most investors have
      133 words
    • Article
      Lock icon An elected, not executive,president
      630 9 EDITORIAL IT is just as well that as Singapore prepares to swear in one of its most outstanding public servants, S R Nathan, as its sixth president —the second since an elected presidency was introduced —a debate has begun over the precise role and functions of
      630 words
    • Article, Illustration
      Lock icon Women lead the way in land of the rising Web
      872 9  -  High-tech Japan has been slow to take to the Internet but the pnblic may finally be warming to it By, Alexandra Nusbaum FT KAORU Kobayashi seems like a conventional Japanese housewife, but her Internet habits suggest otherwise. Once a week,
      FT; FILE PHOTO  -  872 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1022 9 Bmd«'« Itmrtnnhtp crisis WHO will Russian President Boris Yeltsin appoint as his next prime minister once he tires of Vladimir Putin? His horse? Mr Yeltsin's sacking on Monday of Sergei Stepashin, his fourth prime minister in 17 months, and appointment of Mr Putin, a low-profile Russian
      1,022 words
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      44 10 A Car Ahead I l I for Hose who tin lo trine, I Hon Oo iris ems He etoiioroiioti sua rsonsier. I -T* "/V I vf v (A MEMBER OF THE ORIENTAL HOLDINGS GROUP) Available exclusively at Honda Centre Übi Showroom The Honda Pies
      44 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon MAS okays Allied Irish GM joining KepTL board
      631 11  -  Walter Coakley will face challenge of repeating AlB's success in product sales By Conrad Raj [SINGAPORE] The Monetary Authority of Singapore (MAS) has approved the appointment of Walter Coakley of Allied Irish Banks as an executive director of Keppel Tat Lee Bank.
      631 words
    • Article, Illustration
      Lock icon Local banks seen raising tier 2 capital
      425 11  -  Timing, way it's used will vary: Morgan Stanley official Byi Clarissa Tan [SINGAPORE] All the local banks in Singapore will have raised tier 2 capital in global debt markets in three or four years time, says Michael Dee, managing director of Morgan Stanley
      SIM CHI YIN/ST  -  425 words
    • Article
      Lock icon Must Inchcape sell Toyotas like there's no tomorrow?
      664 11  -  HOCK LOCK SIEW Christopher Tan INCHCAPE Motors' interim earnings report is yet another reminder that sales do not necessarily equate with profit in the automotive trade. Despite more than doubling Toyota car sales to 2,816 units in the first half (from the
      664 words
    • Article, Illustration
      Lock icon Deutsche Telekom official confirms talks with SingTel
      329 11  -  No confirmation, however, on nature of business deal being discussed in S'pore and Germany By' Teh Hooi Ling [SINGAPORE] A Deutsche Telekom official in Singapore has confirmed that his company and Singapore Telecommunications are in talks over a business deal. However, the official
      Source: Reuters  -  329 words
    • COMPANIES
      • Article, Illustration
        Lock icon No debt crunch at MAS and our cashflow is very good: Tajudin
        654 12  -  Chairman says HAS has not approached debt restructuring panel but plans fund-raising exercise From Eddie Toh in Kuala Lumpur DEBT-laden Malaysia Airlines has not sought help from the country's debt restructuring panel but the national carrier would launch
        654 words
      • Article
        Lock icon SembCorp shares fall, hit by PacNet Q2 loss
        217 12 Reuters [SINGAPORE] Shares of SembCorp Industries Ltd fell yesterday morning on the back of losses posted by its Internet service provider unit, Pacific Internet Ltd. Yesterday, SembCorp closed five cents lower at 552.31 with 1.68 million shares traded. Analysts said PacNef s
        Reuters  -  217 words
      • Article
        Lock icon Danaharta picks two firms to aid two ailing brokers
        142 12 Reuters [KUALA LUMPUR] Malaysia's state asset management company Danaharta Nasional Bhd said yesterday it has found two firms to help resolve the debt problems of stockbrokers Alor Setar Securities Sdn Bhd and Labuan Securities Sdn Bhd. Ideal Appraisal Sdn Bhd was
        Reuters  -  142 words
      • Article
        Lock icon Nera Telecom posts 39% profit jump in maiden report
        271 12  -  Recently-listed firm gets boost from higher sales, interest income, forex gains By\ Marissa Chew [SINGAPORE] Recentlylisted Nera Telecommunications yesterday reported a 39 per cent rise in interim net profit to $3.5 million, powered by stronger sales, higher interest income and foreign
        271 words
      • Article
        Lock icon Half-time score
        131 12 As of yesterday, 42 locally-listed companies had released their financial results for the six months ended June 30. 1999. They recorded a combined $2,130.6m in group profits, up 98.3% over the same period last year. The breakdown is as follows: Wo with profit* s 42 No with loo—
        131 words
      • Article
        Lock icon Berger, Inter-Roller back on profit path
        328 12  -  Berger's interim net at $125,000; Inter-Roller's $l.lm By, Jennifer Lien [SINGAPORE] Paint maker Berger International and engineering firm Inter-Roller have returned to the black in the first half. Berger yesterday posted a first-half net profit of $125,000 against a $472,000 loss previously. In April,
        328 words
      • Article
        Lock icon Sunway plans to list in HK and S'pore
        299 12 It will sell 25% of shares to raise HKs44om; trading to start on Sept 3 Bloomberg [HONGKONG] Sunway International Holdings Ltd, which makes calculators and related components mostly for sale in China, said yesterday that it planned to raise as much as
        Bloomberg  -  299 words
      • Article
        Lock icon Swire first-half net drops 9% to HK$1.8b
        476 12  -  Group expects to do better in H2 but property division unlikely to shine From Quak Hiang Whai in Hongkong PROPERTY and transportation conglomerate Swire Pacific yesterday unveiled firsthalf results which were within analysts' expectations and said it expects things to improve in the
        476 words
      • Article
        Lock icon Globe Telecom earnings push Ayala profit up 7%
        310 12  -  From, Al Labita in Manila AYALA Corp said yesterday that it posted a modest rise in profit in the first half of this year, thanks to the strong earnings of Globe Telecom, its joint venture with Singapore Telecommunications. Ayala's after-tax profit, excluding
        310 words
      • COMPANY Briefs
        • Article, Illustration
          Lock icon Peter Seah denies talk of exit from OUB
          91 12 Bloomberg [SINGAPORE] Peter Seah, president and chief executive officer of Overseas Union Bank, denied speculation he plans to leave the bank for SembCorp Industries (SCI). Mr Seah, who became vice-chairman of governmentcontrolled SCI earlier this year, said there was no truth to
          Bloomberg  -  91 words
        • Article
          Lock icon NOL completes 2nd closing of placement
          89 12 [SINGAPORE] Neptune Orient Lines yesterday said it has completed the second closing of its international share placement 0f447,500,000 new Ssl shares which lead manager Salomon Brothers International and the other underwriters have agreed to subscribe for. A total of 55,990,104 shares (the participative option
          89 words
        • Article
          Lock icon Go-ahead for Scotts'capital reduction
          82 12 [SINGAPORE] Scotts Holdings said it has received in-principle approval from the Stock Exchange of Singapore to reduce the par value of each share from $1 to 20 cents. The capital reduction is subject to the sanction of the High Court. In addition, the company said the
          82 words
        • Article
          Lock icon Li Xin starts Thai subsidiary
          55 12 [SINGAPORE] Li Xin Industries has incorporated a subsidiary called Li Xin Industries Co in Thailand to make high precision moulds and dies, and high precision plastic products and parts. The registered share capital of the new company is 8 million baht (*****,000) of which 2
          55 words
        • Article
          Lock icon New chief for NatSteel unit
          53 12 [SINGAPORE] Nat Steel has appointed Kauko Karvinen as chief executive of Eastern Industries group, the company's construction products arm. Mr Karvinen was the CEO of Eastern Pretech, the pre-cast and pre-mixed business of Eastern Industries. He replaced Chong Wai Siak who is now deputy president
          53 words
        • Article
          Lock icon Richard Li ups PCRD stake
          60 12 [SINGAPORE] Richard Li has upped his stake in Pacific Century Regional Developments from 77.6 per cent to 78.1 per cent with the purchase of 1.61 million shares. The purchase was done through Pacific Century Group, Mr Li's privately-held company. On average, he paid $5.9416 for
          60 words
        • Article
          Lock icon UEM in joint bid for Putrajaya jobs
          55 12 [SINGAPORE] United Engineers Malaysia has formed a joint venture with two other parties Syarikat Pembina an Usaha Bersatu (51 per cent) and Takenaka Corporation (24 per cent) to bid for construction projects at the government administrative centre, Putrajaya. Listed UEM has a 25-per
          55 words
        • Article
          Lock icon Hearing on AMC scheme postponed
          42 12 Bankers. [KUALA LUMPUR] The High Court hearing for the application of an extension of the deadline of Arab-Malaysian Corporation's proposed scheme of arrangement to satisfy creditors has been postponed to Aug 26, according to Commerce International Merchant
          Bankers.  -  42 words
        • Article
          Lock icon SC nod for Vincent Tan's Digi purchase
          115 12 Reuters [KUALA LUMPUR] Malaysian businessman Vincent Tan Chee Yioun said yesterday he had received approval from Malaysia's Securities Commission to buy a 30-per cent stake in DiGl Swisscom Bhd after the Swiss partner pulled out Mr Tan said in a statement issued by
          Reuters  -  115 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Another surprise as Alcoa seeks to buy rival Reynolds Metals
        468 13 Move comes after three huge Alcoa rivals unveil merger plan to oust it as biggest producer NYT [NEW YORK] In the second consolidation shock to hit the aluminium industry in two days, Alcoa Inc, the largest producer, said on Wednesday
        NYT; Source: Reuters  -  468 words
      • Article
        Lock icon Lend Lease profit up a better than expected 15.5%
        441 13 Reuters [SYDNEY] Property and financial services group Lend Lease Corp Ltd exceeded analysts' expectations with a buoyant set of annual results yesterday and forecast more gains ahead in 1999/2000. Lend Lease said its net profit for the year ended June 30
        Reuters  -  441 words
      • COMPANY Briefs
        • Article
          Lock icon P&G buys pet-food maker for US$2.3b
          67 13 NYT [NEW YORK] Procter Gamble Co is expanding its mix of top-selling brands by acquiring lams Co, the premium pet-food maker, for US$2.3 billion (Ss3.B billion), the company said on Wednesday. The deal, Procter Gamble's largest acquisition in dollar terms, moves the maker of
          NYT  -  67 words
        • Article
          Lock icon Software problems continuing: MCI
          87 13 Bloomberg [CLINTON, Mississippi} MCI World Com Inc, which saw a 59 per cent increase in second-quarter Internet revenue, said problems with Lucent Technologies Inc software in its frame-relay network that provides data and Internet services to businesses are continuing for a sixth straight day. The company
          Bloomberg  -  87 words
        • Article
          Lock icon C&W Optus back in the black
          72 13 Bloomberg [SYDNEY] Cable Wireless Optus Ltd, Australia's No 2 telecommunications company, said its full-year earnings beat its prospectus forecast, buoyed by strong sales growth from its cellular phone, Internet and business network services units. Sydney-based Optus said it reported a profit before charges of
          Bloomberg  -  72 words
        • Article
          Lock icon AOL to team up with Novell
          80 13 Reuters [SAN FRANCISCO] America Online Inc and Novell Inc are teaming up to integrate the AOL Instant Messenger (AIM) service with Novell's popular directory software that is used to manage and control access, programs and other applications on business networks, Novell said on Wednesday.
          Reuters  -  80 words
        • Article
          Lock icon Acer keen on MasterCard tie-op
          66 13 AFX-Asia [TAIPEI] The Acer group is interested in joining MasterCard in the development of e-commerce, chief financial officer Huang Shao-hua said. She was quoted by the Economic Daily News as making the statement in Hongkong where she was on a fact-finding tour of applications of
          AFX-Asia  -  66 words
        • Article
          Lock icon Axa first-half sales up 5.8%
          53 13 Bloomberg [PARIS] Axa SA, Europe's largest insurance company, said first-half sales rose 5.8 per cent, boosted by strong performances in fund management and UK life insurance. Axa said sales rose to 208.6 billion francs (5556.6 billion) from 197.1 billion francs In the first half of
          Bloomberg  -  53 words
      • Article, Illustration
        Lock icon A Blockbuster listing
        75 13 REUTERS [NEW YORK] New York Stock Exchange chairman Richard Grasso (left) and president Charles Johnstone (right) join actress Rene Russo and Blockbuster Video chairman and CEO John Antioco on the balcony overlooking the main trading floor of the exchange on Wednesday. Mr Antioco later rang the opening
        75 words
      • Article
        Lock icon NZ's top phone company hands reins to 37-year-old
        503 13 Insider Theresa Gattung is trained in law and management Bloomberg AFP [WELLINGTON] Telecom Corp, New Zealand's No 1 phone company, named thir-ty-seven-year-old avid swimmer and horse rider Theresa Gattung as its new chief executive. Ms Gattung is Telecom's Services Group manager and
        Bloomberg; AFP  -  503 words
      • Article
        Lock icon Sony developing world's first plastic hard-drive disks
        285 13 It says it's undertaking venture with chemicals firm Nippon Zeon Reuters SONY Corp said yesterday that it is developing the world's first plastic disks for computer hard drives with chemicals firm Nippon Zeon Co Ltd. Business daily Nihon Keizai Shimbun reported that the
        Reuters  -  285 words
      • Article, Illustration
        Lock icon Coca-Cola Amatil 1st-half profit falls 11.7%
        558 13 Slump in earnings in Philippines partly offset by increase in Australian profit Bloomberg [SYDNEY] Coca-Cola Amatil Ltd, the largest Coke bottler in the Asia-Pacific, said earnings fell a less-than-expected 11.7 per cent as a slump in Philippines earnings was partially offset by an increase
        Bloomberg; FILE PHOTO  -  558 words
      • Article
        Lock icon Iridium defaults on US$1.5b loans as deadline expires
        362 13 Bloomberg [WASHINGTON] Iridium LLC, the cash-strapped satel-lite-telephone company, said it defaulted on bank loans totalling more than US$l.5 billion (552.5 billion) after its lenders failed to extend Wednesday's deadline for the company to meet conditions. Iridium's banks had granted three extensions, most
        Bloomberg  -  362 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon CBOT wins appeal over futures trading
        678 14 SEC wrong to stop CBOT from trading futures on Dow transport, utility indices: court Bridge News, NYT [WASHINGTON] In an important legal victory for the US futures industry, a federal appeals court has overturned a decision by the Securities and Exchange Commission (SEC) preventing
        Bridge News,; NYT  -  678 words
      • Article, Illustration
        Lock icon Deutsche Bank loses two major US clients
        511 14 NT City, paper firm seek fund managing expertise elsewhere Reuters, Bloomberg [NEW YORK] Deutsche Bank AG suffered a setback on Wednesday when two US institutions whose funds it has been managing said they are looking elsewhere for expertise. New York City said it
        Reuters,; Bloomberg; FILE PHOTO  -  511 words
      • Article
        Lock icon Fleet, BankBoston merger approved
        276 14 Bloomberg [BOSTON] Fleet Financial Group Inc's planned US$l5 billion (Ss2s billion) purchase of local rival Bankßoston Corp was approved by shareholders of both banks, leaving just a few regulatory hurdles before the two can combine. The shareholder approval also enables the banks to begin selling branches
        Bloomberg  -  276 words
      • Article
        Lock icon Wells Fargo tops US banks with lm Internet customers
        393 14 Bank staling iid 100,000 new Net customers a month Bloomberg [SAN FRANCISCO] Wells Fargo Co, the seventh-largest US bank, signed up its millionth Internet customer last Sunday, the most of any US bank, as more people use the Web to access
        Bloomberg  -  393 words
      • Article
        Lock icon Talk of Merrill merger heats up: report
        339 14 Reuters [NEW YORK] Speculation that No 1 US broker Merrill Lynch and Co Inc may be open to a merger deal with a financial services company has intensified, the Wall Street Journal reported in yesterday's interactive edition. In its Heard on the Street
        Reuters  -  339 words
      • SMALL Change
        • Article
          Lock icon ParisBourse gets ok for US screens
          68 14 Reuters [PARIS] Par is Bourse SA said yesterday the US Commodity Futures Trading Commission had awarded it the right to install its trading screens in the US. Contracts recognised by the CFTC to which US operators will have access are the three-month Euribor, Euro
          Reuters  -  68 words
        • Article
          Lock icon Magellan's assets slip below US$100b
          66 14 Bloomberg [BOSTON] The assets of Fidelity Investments' flagship Magellan Fund fell below US$lOO billion (Ssl67 billion) following a slump in US stocks. Magellan had almost U5594.6 billion of assets under management at end-July. It crossed the US$lOO billion mark July 15. Since mid-July, the S&P
          Bloomberg  -  66 words
        • Article
          Lock icon No decision on Morgan venture: Sanwa
          58 14 Reuters [TOKYO] Sanwa Bank said yesterday that no decision had been made on a retail brokerage joint venture that reports said it would start in Japan with US brokerage giant Morgan Stanley Dean Witter. Nor has anything been decided on any business collaboration in
          Reuters  -  58 words
      • Article
        Lock icon Euphoria sweeps futures market in early trade
        227 15  -  SI MB Xffeporfe MSd Singapore Index Daphne Tay, Jardine Fleming ENERGISED by Wall Street's 133-point advance overnight, the Singapore stock market yesterday rallied in line with regional markets after the Fed's latest "beige book" report indicated that the economy is growing amid a
        227 words
      • Article
        Lock icon Futures higher on rise of US orders
        166 15  -  MSCI Taiwan fatures Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures surged 4.1 points yesterday amid optimism that increased orders from US buyers for Taiwan computer-related products will boost high-technology shares. The Taiex rose 101.56 points following news
        166 words
      • Article
        Lock icon Crude oil steady after rallying on pipeline, refinery problems
        232 15 ENEMY REPORT Bloomberg [NEW YORK] Crude oil yesterday was little changed, close to a 22-month high after refinery and pipeline problems boosted prices 3 per cent this week. Prices rose close to US$22 a barrel on Wednesday, before retreating, as a
        Bloomberg  -  232 words
      • Article
        Lock icon CURRENCY REPORT
        305 15 Reuters THE dollar hit two-week highs against the yen, euro and Swiss franc in Europe yesterday as investors in US assets absorbed the idea of a near-term tightening by the US Federal Reserve, analysts said. The greenback has reversed a weakening trend which had been fuelled by expectations
        Reuters  -  305 words
      • Article, Illustration
        Lock icon Untitled
        1248 15 DWBEBAint CK088 KATB8 Augi2 A$ C$ !■> faro FTr Dw HK$ UK Is Npiafc Tw m Ml Nto S$ »«X Sfr KT$ BOt hwi US$ Australia 0.969 6.178 0.613 4.018 1.198 5.059 28.318 50.996 0.754 7859 2.476 L229 33.536 25.546 1.091 3.997 0.*****.949 24.768 0.405 0.652 Canada 1032 5.582 0.632
        1,248 words
      • Article
        Lock icon Untitled
        1825 15 SICOM FUTURES Aug 12 RU88ER (twturn clostoq is it 5.30pm) RSS1 CONTRACT) cmtsAq) CtOM Volume Open Month High L«w Sett (towns) Interest Sep 99 92.75 1200 Oct 99 95.00 300 Nov 99 96.50 300 Dec 99 98.25 300 Jan/Mar 00 101.75 300 Apr/Jun 00 105.25 Jal/S<p 00 108.25 RSS 3
        1,825 words
    • Article, Illustration
      Lock icon HONGKONG
      1419 16 AFP HI Hang Seng +34L95 HONGKONG share prices surged 2.7 per cent yesterday on bargain-hunting following rises the previous day on Wall Street, dealers said. "The overnight gains on Wall Street were the main reason," said Howard Gorges, vice-president of South China Brokerage. "Investors were also more relaxed now
      AFP  -  1,419 words
    • Article, Illustration
      Lock icon CHINA
      598 16 Reuters n Shenzhen B Index +L5l SHENZHEN'S hard currency B shares closed with firm gains yesterday, encouraged by solid interim profits from Bengang Steel, but investors were wary as the reporting season approached its peak. The B share index gained 1.51 points, or 1.73 per cent, to 88.95 on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  598 words
    • Article
      Lock icon TAIPEI
      336 16 AFX-Asia QWP Index +101-56 TAIWAN share prices yesterday closed off highs in active trade with profit-taking eroding early gains fuelled by a further rebound on the back of the solid upturn on Wall Street, dealers said. While the bellwether electronics sector lost steam, most other sectors strengthened over the
      AFX-Asia  -  336 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2261 16 LONDON I—J-.lal.la inousxriiis Aug U PMim 31 Group 7.98 0.09 Abbey National 10.17 0.32 A B Foods 4.07 0.02 A B Ports 2.88 -0.06 AstraZeneca 22.08 -0.09 Alliance Leicester 7.82 0.04 Allied Oomecq 5.62 0.04 Allied Zurich 6.92 0.08 Anqlo American Gold 43.70 unch ASOA Group 2.20
      2,261 words
    • Article
      Lock icon TOKYO
      1622 16 AFP H Nikkei 225 +21L81 SHARE prices in Tokyo gained 1.2 per cent yesterday, lifted by the yen's retreat against the dollar and a rally on Wall Street, brokers said. The Nikkei 225 index rose 211.81 points to close at 17,422.97. A rally on Wall Street, where the Dow
      AFP  -  1,622 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      706 11 i Seminar on I International Trade Finance Operations I Risks, Controls Accounting Aspects I Letters of Credit are important financing instruments in import/export transactions. A badly opened letter of credit exposes the I company to risks, financial loss, higher cost and bank charges, delays in arrival of goods and more.
      706 words
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  • Page 14 Advertisements
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      885 14 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: ocrasing@singnet.com.sg TEL: (65) *****82 FAX: (65)
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      Lock icon Page 14 Advertisements Column 2
      29 14 q (laillaf carnally) (lalllag Irta J Stp 99) WEEKEND GETAWAY CRUISE *$399< t Departure: Every Friday Evening Aug 20,27 Sep 3,10,17,24 Oct 8,15,22,29 Vjf y Nov 5,12,19,28 Dec 3,10,17,24
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  • KUALA LUMPUR STOCK MARKET
    • Article
      Lock icon Untitled
      8708 17 INDUSTRIALS Consamor products 1999 Last Vol Day Nat Cap High Low Company Sala OOP High Low P It Smll *40 255 Ajinomoto 310 19.7 125.6 174 46 Anqkasa 106 18 1178 106 88.5 156.3 404 220 Apollo Food Hlq 328 28 16 332 302 11.4 131.2 294 115 Berjaya Land
      8,708 words
    • Article, Illustration
      Lock icon Shares soar 6% on talk of MSCI reinstatement
      427 17 AFP, AFX-Asia PI Composite Index +40.46 MALAYSIAN share prices shot up 6 per cent yesterday on rumours that the Kuala Lumpur board would be reinstated on the Morgan Stanley Capital International indices. An institutional dealer with a local brokerage said talk that
      AFP,; AFX-Asia  -  427 words
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  • WARRANTS, OPTIONS & REGIONAL MARKETS
    • Article
      Lock icon Insas wrt is seriously underpriced
      201 18  -  WARRANT WATCH -By R Sivanithy THE Malaysian market has shown itself to be fairly progressive when it comes to dealing with warrants which are due to expire worthless. Most have had their life extended by another five years. Today's feature goes one step further it
      201 words
    • Article
      Lock icon Untitled
      2122 18 BOWS. LOANS ft WARRANTS wt 32-Wk Last Vol Oay Laat Ouote Avg High Lm Stno Company Sal* »er- COOO) Hlqh Law Buyer Seller Mca 104 3 s 3160 "Acer W*****1USS 37.5 O 283 38 35.5 37.5 38 80 4.5 3164 Acma W*****4 32.5 »0.5 88 35 32 32.5 33 35
      2,122 words
    • Article
      Lock icon CLOB INTERNATIONAL
      224 18 NOMKOM STOCKS Gr Of 52-W* Last Vat Day Laat Ouata W* Otv *M Hat M Cap High Law Stna Cimpany Sata TOOO) Hl» Law Buyar S—«c CV P/t Smt 365 173 S123 CDC(2000)HK 2773 265 305 8 17 2.9 9.4 ***** 5124 Cathay Pac 20c HK 720 265
      224 words
    • Article, Illustration
      Lock icon JAKARTA
      737 18 AFP n Composite Index +10.96 INDONESIAN share prices closed 2 per cent higher yesterday on a technical rebound from sharp falls in recent sessions, dealers said. A dealer with Lippo Securities said the market rise was temporary. "I expect the market to consolidate over the next few days before
      AFP  -  737 words
    • Article
      Lock icon SEOUL
      420 18 AFP Fl Composite Index +&27 SOUTH Korean share prices rose 0.6 per cent yesterday on overnight gains by Wall Street, as well as cheaper money market rates and the government's firm stance on restructuring the Daewoo Group, dealers said. The Korea Stock Exchange Composite Index closed up 5.27 points
      AFP  -  420 words
    • Article
      Lock icon SYDNEY
      656 18 AFP nAnOrdmiries 4J AUSTRALIAN shares rose 0.3 per cent yesterday, buoyed by solid gains in resource stocks and better-than-expected company reports, brokers said. The All Ordinaries Index rose 9.1 points to 2,944.00. The All Industrials Index climbed 10.4 points to 5,053.10 and the All Resources Index was up 10.4
      AFP  -  656 words
    • Article
      Lock icon WELLINGTON
      283 18 AFP Q Wellington +14JB NEW Zealand stocks were up 0.7 per cent yesterday on strong turnover of NZ$125.4 million, over half of it in Telecom Corp stocks. The NZSE-40 Capital Index closed 14.52 points higher at 2,164.80. Telecom was up one cent at NZ$8.61. —AFP Aa«t2 US (0001 AdvantaQ*
      AFP  -  283 words
    • Article
      Lock icon MANILA
      289 18 AFP Manila *2MB PHILIPPINE share prices rose 1.4 per cent on a technical rebound yesterday after they fell in the previous session to a four-month low, analysts said. The Philippine Stock Exchange Composite Index rose 29.68 points to close at 2,187.57 points. Turnover totalled 1.19 billion shares worth 2.95
      AFP  -  289 words
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      Lock icon Page 18 Advertisements Column 1
      89 18 f advertisement in Janice surprise/^ -v J- N S as —1 Buying or sellinfl through VTJO«L K™S£J The Straits Times Classified is child's Play. f IJIIf if they're so |T* 1 I —J i Call C.A.T.S. at 1800-737-1166. JsLJ I The Bangkok market was cloned yesterday ,j— y s V
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  • Article
    Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
    7608 19 Transaction date: Aug 12 I Cr Cr M Wt 52-wk List Vol Day Last Quota Dtv CNv Vld Nat Cap Av« High Low StNo Company Sala COOO) High Low Buyor Sallar C'vf P/E Smtl Price MULTI-INDUSTRY 182 17.5 mb 1000 AcmaSOc 121 85 125
    7,608 words
  • Article
    Lock icon SESDAQ
    1512 19 52-Wk Last Vol Day Last Ouota 01* Wv VM Net Cap Avg law «MO Clipaay rooot HH* L— Buyr l—lr Cvr F/K Pttea MANUFACTURING 218 30 c 2049 AS Auto Kk 180 *6 303 180 175 178 180 ION 0.6 205.5 175 137 45 C 2051 ASJ Hldgs 20c
    1,512 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Lock icon Untitled
      384 20 Stocks VotUflM Asm FoodSProp USS 15,678,000 Hotung Inv NT5 10,882,000 SingTel 15c 10,530,000 •Gentinglnt 7.865,000 Golden Aqri USIOc 7,843,000 NOL 7,696,000 IPC Corpn5c 7,266,000 PohUanlOc 5,388,000 •TanChonglntSOc 4.794,000 STEngglOc 4,477,000 Stacks 08$ Foreign 48,045,101 OCBC Foreign 34,368,832 SingTel 15c 30.145,609 City Dev 50c 30,082,794 SPH 18,933,450 Nat Eiec 10c 17,315,376
      384 words
    • Article, Illustration
      Lock icon STI recaptures 2,000-level, but low volume causes unease
      629 20  -  STOCK XABEET COMMENTARY Sentiment helped by slip in US bond yields, and rallies in HE and Japan; eyes still on US rate-sensitive data By R Sivanithy A SLIP in US bond yields brought on by the release of reassuring US economic data
      629 words
    • ON THE GRAPEVINE
      • Article
        Lock icon Hungry ghosts
        92 20 IT appears that the demutualisation and merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange (Simex) is taking place faster than most people have imagined. Senior executives have already taken to lunching regularly with each other and a couple of days ago, their entire
        92 words
      • Article
        Lock icon New TA Securities owner?
        46 20 AN associate of Malaysia's First Finance Minister Daim Zainuddin is set to take over control of TA Securities, the country's largest brokerage. The current major shareholder, Tony Tiah Thee Kian, was recently charged with abetting Soh Chee Wen to defraud Omega Securities.
        46 words
      • Article
        Lock icon Financial death spiral?
        163 20 IS the US economy headed for a soft landing or a painful crash? If Alan Greenspan and the politicians are to be believed, it's the former. Not so, says Barron's reader, Allan Zimmerman, who in the Aug 2 issue writes that expectations in the US are sky
        163 words
      • Article
        Lock icon Un-moving news
        90 20 THERE is a common impression that stock prices of firms which get prominent newspaper coverage always move. But Yeo Hiap Seng demonstrates that's not always the case. It said food and beverage sales should rise by an impressive 20 per cent annually for the next five years. On
        90 words
      • Article
        Lock icon Winds of change for insurers
        102 20 IT seems the winds of change are beginning to blow over the local life insurance industry. Given that insurance is part of the financial industry which is undergoing liberalisation, the trend is irreversible and we should be prepared for it sighed N Ganesan, president of
        102 words
    • Article, Illustration
      Lock icon HOT STOCK
      59 20  -  -By Wong Wei Kong SINGAPORE Telecom shares rose nine cents to $2.85 yesterday on a volume of 10.5 million shares, compared with its 10-day traded average of 5.48 million units. The daily and weekly RSI, Stochastics and MACD charts are looking good, showing the stock on a rising
      59 words
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      536 20 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 HBNKU national kap limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of National Kap Limited (the "Company") will be held at 11.00 a.m. on 30
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      Lock icon Page 20 Advertisements Column 2
      184 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PINESEAS MARITIME PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companiet Act, Cap 50, that the FINAL MEETING of the members and of the creditort of
      184 words
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      298 20 Going to trade online? You need DES investor Online Simply the best research Call 323-3955 today 88DBSBANK IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF G»FAT«UItDT«APtNG PTE LTD (In Membert' Voluntary liquidation) At an Extraordinary General Meeting of the obovenomed Compony duly convened ond
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      Lock icon Page 20 Advertisements Column 4
      758 20 LC. Development Ltd (Incorporated in the Republic of Singapore) NOTICE OF BOOKS CLOSURE AND NOTICE TO HOLDERS OF WARRANTS 2000 OF L.C. DEVELOPMENT LTD NONRENODNCEABLE OFFER FOR SALE ("OFFER") BY LUM CHANG HOLDINGS LIMITED ("LCH") AND WATERBANK PROPERTIES (S) PTE LTD ("WATERBANK") OF 562,*****4 ORDINARY SHARES OF $0.10 EACH (THE
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      469 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAJORETTE TOYS (SINGAPORE) PTE LTD On Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290<2)(b)) At an Extraordinary General Meeting of the Company held at 22 A.V Des Nations Zac Paris Nord
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      Lock icon Page 20 Advertisements Column 6
      359 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIG SINGAPORE INC. PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act. Cap.so, that a Final General Meeting of the abovenamed Company will be held at
      359 words
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      Lock icon Page 21 Advertisements Column 1
      296 21 Motoring The magnificent seven EL 3 The world gets ready to party As the countdown to the Millennium begins in earnest, the world prepares to party from Terra del Fuego in Chile to Nepal's Himalayan slopes. But this is going to be one expensive New Year if you are not
      296 words
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      Lock icon Page 21 Advertisements Column 2
      11 21 m PHI f» Epicure p Noodles go L places EL 6
      11 words
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  • EXECUTIVE Lifestyle
    • VIEWPOINT
      • Article
        Lock icon This is no job for any old Tom, Dick and Ah Hunt
        671 22  -  Off the cuff by Some folks are finding out that it takes more than slippers, sweat glands and Sun Tze's The Art of War to make it to the office of elected President by Jaime Ee SO WHAT
        671 words
      • Article
        Lock icon STRAWS In The Wind
        203 22 If you walk on two legs, you'll do WITH the economy recovering, the number of jobs available appears to be on the rise. Where once employers were asking for the moon, some now seem to require the barest minimum. A job advertisement in the classifieds simply
        203 words
      • Article, Illustration
        Lock icon The world gets ready to party
        1499 22 COVER STORY Nostradamus was wrong. Things haven't come to a sorry end as he predicted. And now that this weary old world looks set to keep spinning into the Millennium and beyond, the New Year celebrations provide the perfect excuse to take out the
        1,499 words
    • MOTORING
      • Article, Illustration
        Lock icon The magnificent seven
        631 23  -  Motorbikes have a certain lean, mean appeal that keeps sales buoyant whatever the economic climate, chsustophbr tan discovers what new machines the industry has to offer CHRISTOPHER TAN Motorcycling may take a backseat to golf when it comes to executive pursuits in this part of the world,
        631 words
    • PURSUITS
      • Article, Illustration
        Lock icon Haven for serious readers
        855 23  -  BOOKS Unlike the hip, in-your-face Borders, Kinokuniya at Ngpe Ann City favours a more conservative approach By Jaime Ee THE BOOKSTORE, it would appear, is no longer a place to just buy books. In order to succeed, a bookstore has to have attitude, edge, more books
        855 words
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        Lock icon Shades of the shoe black flower
        805 23  -  GARDENING Nowadays, Hibiscus flowers are not confined to the pony red variety but come in a variety of colours from white to manve-pnrple By' Thien THE HIBISCUS, for me. always brings flashbacks of Hawaii yes, including the flowers tucked behind the ears of the
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        Lock icon WHAT'S ON
        444 24  -  Compiled by Parvathi Nayar MUSIC Singapore Symphony Orchestra French violinist Augustin Dumay is the guest soloist in Mozart's lively "Turkish" Violin Concerto with its Middle Eastern-flavoured finale. Also on the programme is Anton Brickner's unfinished Ninth Symphony in D minor, dedicated to the Glory of God. Shui Lan
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        Lock icon Snazzy space for the smart set
        790 24  -  CINEMA Groove, guzzle or gossip at Club Shroorns, where there's room enough to accommodate different needs and different crowds By\ Parvathi Nayar THE Singapore clubber is just slowly becoming aware that Shroorns is now more than a place for food. The metamorphosis from regular
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    • LEISURE
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        Lock icon Home is where her art is
        712 25  -  Jennifer Soen is out to change the notion that residential galleries cannot be taken seriously, pabvathi mayar has the details PARVATHI NAYAR ART GALLERIES in homes have an unprofessional ring to them, but with spiralling costs and overheads, it is becoming more difficult for
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        Lock icon Winning hearts around the world
        630 25  -  CINEMA The youngsters in Children Of Heaven offer welcome relief from the calculated cuteness of Hollywood child stars liy\ Susan Tsang CHILDREN Of Heaven has garnered so many awards it seems too good to be true. The Iranian effort was nominated for a best foreign
        630 words
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        Lock icon Merely skimming the surface
        587 25  -  CINEMA Deepa Mehta's Earth fails to exploit the rich subtext that lurks beneath its narrative By Parvathi Nayar MAN's attachment to a piece of earth he calls country, and thereby to his religion, runs deep. These are such powerful emotions, they can be used to manipulate
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    • EPICURE
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        Lock icon Noodles go places
        964 26  -  Hawker food in hip surroundings that seems to be the trend these days. But is a bowl of meepok worth $8.50? jaime be has her doubts JAIME EE I'VE always thought that noodle bars other than the Japanese kind were misplaced in Singapore, which is why I
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      • Article
        Lock icon Young Dane in Spain
        898 26  -  WINE CONNOISSEUR Peter Sisseck is working wonders with Pingus right in the heart of Ribera del Dnero By] N K Yong AS MORE and more growers in non-French Europe are putting their faith in their own country's classic grapes, we are seeing an enlarging range of
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        Lock icon Haute cuisine from a dynamic Canto duo
        590 26 I CRAVINGS WHEN Hai Tien Lo's Chef Chan Chen Hei and Macau's Chef Dai Loong of Hotel Lisboa put their woks together, an awesome gastronomic adventure results. The Chan and Dai joint promotion, which is on at the Hai Tien Lo until Aug
        590 words
      • Article, Illustration
        Lock icon It's Hello Kit-tea time
        88 26 THERE are Hello Kitty handbags and Hello Kitty mouse pads. So it is hardly surprising that Japanese food giant Pokka has come up with a Hello Kitty Ice Lemon Tea available at Tanglin Market Place. Like the winsome Japanese cat with no mouth, Hello Kitty tea
        88 words
      • Article
        Lock icon Tuscan temptations
        94 26 NEW restaurants may come and go but Domvs, The Italian Restaurant is still synonymous with Italian fine dining. Until tomorrow, the restaurant is hosting an "Aromas of Tuscany" promotion with guest chef Lazzaro Cimadoro. The menu includes a Tuscan favourite, the tomato and bread soup, which represents comfort
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        116 26  -  Compiled by Tan Su Yen OVER at the Alison Hotel, Lu Hsiang Lou Sichuan Restaurant celebrates its 15th anniversary with a very tempting eight-course set menu priced at $29.80+++ per person for groups of four or more. The steamed lobster was truly succulent and fragrant from the chopped
        116 words
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      Lock icon CINEMA
      691 27 All The Way. How far would you go for your friends? R(A) Lido. Austin Powers: The Spy Who Shagged Me. The sequel. Cnwtpuviv uiuseway. Big Daddy. Adam Sandler adopts fatherhood in a bid to win over the girls but finds himself rather liking his newfound parental status. Orchard, Lido,
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      117 27 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 Tiong Bahru Yishun Overseas Movie Clementi/CoVealtti 777-0669 Golden/New Town
      117 words
    • RESIDENTIAL PROPERTY
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        Lock icon Seeking legal advice on resale deals
        1795 28 Conveyancing lawyers help smooth the processes involved in the buying and selling of resale homes Property Review Buying a resale home can be more complicated than buying a new unit straight from the developer. In the latter case, the sales and purchase agreement must
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        Lock icon House Hunt
        852 28 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Jul 5 and Aug 5 PflOJECTNAME/ PROP COHTWCT TENURE BUIT-«V P«CE PSF STREET HAME TYPE DATE UMOAAEA* (SOFT) (STOOO) St) District 11 Non-landed Arcadia Gdn Apt 01/06/99 99 3714 1800 485
        852 words
    • INSURANCE-WISE
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        Lock icon Getting coverage before a crisis
        780 29  -  A living assurance policy can ease financial strain should the policyholder suffer a major illness. Clarissa tam looks at how such a coverage works CLARISSA TAN IT'S hard to deal with subjects like cancer, heart failure and a myriad of other diseases without seeming morbid.
        FILE PHOTOS  -  780 words
    • PERSONAL INVESTMENT
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        Lock icon STI support seen at 1,990
        298 30  -  TECHNICAL COMMENTARY By K Arjith The writer is a technical analyst with DBS Securities. Straits Times Index MARKET sentiment remains negative despite positive corporate earnings results, strong Q2 economic growth figures and upward growth revisions by most economists. We had expected a change in sentiment
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      • Article
        Lock icon Vickers all out to woo Net clients
        452 30 LOCAL stock broking firm Vickers Ballas is moving aggressively into the Internet trading business, with a series of roadshows between now and October aimed at enticing as many retail players as possible to sign up. Those who do so during this drive will
        452 words
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        Lock icon Can the Nikkei ever fly again?
        1028 30  -  Rare burst of optimism in Tokyo market is rapidly giving way to fear. Should investors take cover? amthont rowlet looks for answers ANTHONY ROWLEY THERE are three essential prerequisites for investors in the Tokyo stock market: they should have money to burn, nerves of
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      • Article
        Lock icon ACU DEPOSIT RATES Offered by various banks (as at August 11, 1999)
        1362 30 Deport (mount 1-mth 1-mth 6-mtti DepoeX (mount 1-mth 1-mth 6-mth I DBS Bank HSBC At A$ S10.000 A24.999 ***** 4 1900 4 4500 25,000 74,999 3 6075 3 7500 4 1875 A25.000 A49 999 ***** 4.2100 4 4700
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    • UNIT TRUSTS
      • Article, Illustration
        Lock icon A firm believer in the Internet
        1058 31  -  US money manager Alberto Vilar tells david ahdelmak in New York why he is still confident of hi-tech stocks despite the current slide in interest DAVID ANDELMAN Bloomberg IT takes a money manager with the supreme self-confidence of Alberto Vilar to head for a
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        Lock icon Pitting against benchmarks
        1034 31  -  LETTER FROM LONDON Retail investors should know how fond managers track unit trust performances Byl Shiv Taneja The writer is an editorial fund analyst with Standard Poor's Fund Services, based in London IT is turning out to be a long, hot and sticky summer in the Battle
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        Lock icon Unit trust performance ranking
        2292 31 Fund 1 mil 3 mHm IkNn 1 y«ar tywn 5 ywra Morapai launch XMM-19M S0-04-1MI 2*01-19M SMMM 31-07-IWt 2H7-1M6 atw HMff'tm HHMWI 3»«nw xxn \m m-tm IMMW ranting RanMw»«tJu< 30,1ft Aaeet Atoealon Mm SubCont ocac town mo« oioi/nw 1117 i mr i <u» i Amk Aflocaion
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    • EXECUTIVE MONEY
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        Lock icon Sector funds: not just themes for a dream?
        806 32  -  While simply gunning for gold or telecoms-focused unit trusts should not be an investor's core strategy, there are still merits to including sector funds in a portfolio, fund managers tell womo wex song WONG WEI KONG SECTOR funds are making a steady
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      15 22 Buy It. Sell It. Find It. Classified. W Call Today [CAX^ For Results Tomorrow. 1800-737-1166
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      70 22 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: On the eve of the Millennium, I'll be: Jetting to some exotic location and living it up 20.2 per cent. Throwing a big party
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  • Page 22 Miscellaneous
    • Miscellaneous
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      251 22 CRYPTIC CROSSWORD 8 Water left for mammal (4) _^BL_ _JH| 9 One good serving (3) j 8 1 I j 10 Physicist changed unit of Mjj MM weight (6) —Ha—pH—Jßß 11A long trip to see the game? 111I 11 I T I j I 12 I j 12 Pack off
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      26 23 For enquiries, call Performance Motors (BMW) on 474-7800; Ideal Motor Sport (Aprilia) on 282-0082; Minerva Motor (Ducati) on 298-4777; and Boon Siew Singapore (Honda) on 339-9002
      26 words
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      477 24 WrL, i. i f i ii* presented Diners Club Offers Personalised Cash Access Where to wine, dine ana entertain... al o, (r 30,000 ~-nl 290 4545 <^n 76 Bras Buih Road, Singapore *****8 Tel: 338-8333 Fas: 339-6866 Web-site http://www.cirlton.com.ig Cheers |To a night of J great fun and I entertainment
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      78 24 C.*£c. 11 The Singapore Marriott Hotel it famous for its fine International cuisine. Now you con enjoy a leisurely Sunday Brunch with dishes such as Chilled lobster. Sushi. Shark's Fin Soup ond Braised Abotone with Mushrooms. Priced at $55.—(with free flowing chompogne, wine, beer ond nonalcoholic drink*), children at $21.95*~.
      78 words
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      31 26 Effect after one Lathing Buddha Martini East side o i 51 2 I S<|ti;iri on Molianud Stilt .in IVI 2?s I'N \u<" limits and dress ende apply Cocktails Sushi Wines US
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  • Page 27 Miscellaneous
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      2136 27 TODAY'S TV B MPM npnwroTMfi Premiere 12 HHI^ LO3 Talk i«B Point. 2.00 PM TV Innovations. NewlSiay 8 1 011 Foreign The Late Show With A S k Repo o David Letterman, e p) 6 Headline talent 12.30am,Premiere 12 4.00 The Forgotten Toys ££J In this instalment of the 4.30
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      102 28 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE AT DUCHESS ROAD Site Area Approx. 46,771 sq. ft. Tenure 999 years Ratio/Height Control: 1.4 Up to 4 storeys QU,ET VERY CONVENIENT. 5 minutes walk t0 Bukit Timah Road > Coronation Plaza, /y/yy Nanyang Primary School, Hwa Chong Junior >o/ A/~~~ College and
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      64 28 FOR SALE BY TENDER (Light Industrial Building) uTTTa.'X 2 Changi North Street I 3-storey modem, light industrial building Classy appearance Basement carpark Land Area about 5,866 sq m (63.141 sq ft) Gross Floor Area about 8.058 sq m (86.735 sq ft) 30-year leasehold from I April 1996 Tender closing date:
      64 words
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      97 28 RESIDENTIAL DEVELOPMENT SITE NEAR PASIR RIS Land area: Approx. 61,832 sqft Development Potential: Gross plot ratio of 1.4 Sfi i ss-s^ with building height of up to 4-storey |jj— Minutes away from Pasir Ris MRT One of the few residential sites within walking distance to the sea \//J §I 3
      97 words
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      294 29 Grea (Link. rom Great Eastern potential for good returns. Life. gives you the best of hoik worlds; And remember. you're insured insurance and investment opportunities. while you invest. So even if you lose Tke flexibility to make your money work harder. /jMz£L Great Link plans are like trusts you through
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      200 29 brought to you by Great Eastern Life Win a 3Com Palm lllx! We hope you enjoyed the seventh of the 13-week series on insurance-wise, brought to you by Great M Eastern Life. You can view this article as well as imHRX M previous weeks' articles at our website at www.gelife.com.sg
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      130 33 Bridge News, Reuters DETAILS of freshly concluded business were elusive and it appears that business may be kept under wraps. TANKEBSt The build-up of Suezmax tonnage in the Mediterranean is still taking its toll on rates with even modern vessels fixing at levels in the ws 50s. North
      Bridge News,; Reuters  -  130 words
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      Lock icon MARITIME STOCKS
      293 33 *$a *f- w CWT Distribution 124 unch 17 Oman Hup L21 OOI 292 Casco Invaatmant 1.25 0.01 73 Freight Links 0.32 uncti 151* GSHoikflngt 0.92 0.02 90 Hal Sun Hup 0.71 OOI 813 IMC HoMngs-HK 5.60 unch 0 JayaHoMtnqs 0.93 -0.02 207 Jurong Shipyard 7.60 0.10 46 KappalCarp
      293 words
    • Article
      Lock icon WSA opens its first European office in Milan
      382 33  -  Local freight forwarder looking for partner to expand in Europe By] Marcus Hand [SINGAPORE] Home-grown freight forwarder WSA Lines, is expanding its horizons, opening its first office in Europe recently and diversifying into the retail business with its first sportswear shops. WSA
      382 words
    • Article, Illustration
      Lock icon ITF ship arriving in S'pore
      203 33  -  By I S Shivani [SINGAPORE] The Global Mariner, symbol of the powerful International Transport Workers Federation's (ITF) 50-year campaign against flags of convenience (FOCs), arrives in Singapore tomorrow. The 12,778 gross tonnage cargo vessel is the world's first ship to campaign globally for workers' rights.
      203 words
    • Article
      Lock icon Taca to impose surcharge on Europe-US trade
      222 33  -  EG delays nod for Taca's revised service contract deal By\ Marcus Hand [SINGAPORE] Member lines of the Trans-Atlantic Conference Agreement (Taca) are introducing an equipment repositioning surcharge on the Europe-US trade. The US$25O (Ss4ls) per container surcharge will be introduced on Sept 11
      222 words
    • SHIPPING NEWS
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      Lock icon SHIPPING SCHEDULES INDEX
      306 34 PACE ESP Lines 13 ANL 3 Evergreen 6 AASCO 12 foo un 8 Accord 8 FroU 13 Ahrenfciel 14 Frt Links 14 Appenship 5 GLink 4 Austral 8 GMMrtr ns 6 Avant 14 Geflih M 13 B tang Mas 8 dory Nav 14 7 HaiSunHup 12 BTL
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      Lock icon SHIPPING GUIDE
      20542 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VhsK Voyage TelepHone ETA ETA Advertiser v«m Voyage Telephone SIN DwTn Nam Nam* Number Number SM DesTn Nana Nana Nw» Mm—ar inaHHHnMaHaHBMHMIHMHMillMHMl *8*B*M*088l*8*P**W***88*W*******8B**Ba8*<**W***W*88<8W*aB*** 25/08 05/09 NGPL ITHA BHUM V460 65 227T100 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 25/oe 05/09 rcl itha bhum
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        768 47 Vessel Voy No Berth Arrival Departure m Pino *ur ***** 'joi 12/08/8:25 12/08/14.00 HUB 3 rn 99 J04 12/08/8:00 12/08/15:00 Bt Ri/awali ***** J01 12/06/9:40 12/08/18:00 •msUr 3 9902 J16 12/06/8:20 12/08/1800 Sot Cinricor *****9 JO 12/06/7:15 12/08/1900 Gtxpress 812/99 J12 12/06/9:15 12/08/2300 gt 08 4180 999 J01
        768 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1805 47 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/Bolonco ftstls Sdip Voy No Etb/Btr Ported From To From AcImw 6*4 S/ONO M 0/800 12/1651 O/HOO 12/isoo a/Mi a/mo u i2/t7oo umn u/owo 21 0/1700 U/04W WOO J 13/9700 tyim I3/MOO 4 u/1200 o/m» a/mo Ma Mm His M/OTOO
        1,805 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        191 47 AnglS Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Anf 17 Indonesia: National Day. Ad|29 Philippines: National Heroes Day. Ang 30 United Kingdom: Summer Bank Holiday. Ao| 31 Malaysia: National Day. Sapl Mexico: State of the Nation (optional). SapS Canada: Labour Day. Luxembourg: City
        191 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        802 47 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* In US dollars Instead of single prices 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 Individual
        802 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        427 47 C*rtKX< ISO Mu 990.4 8.1 175 0.10 78 0/F km 5 OMSttv <tet*r NsMm Ask AImMmh Imtmmk WotfowE25 0 1 2 0 0 —JT 380 Aw 985.6 0.4 14.4 0.07 40 0.02 380 Mu 1005.0 2.5 20.8 0.M 235 0.06 K/ri rtm m»m* Wo «ttov» 635
        427 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon FAA to propose sweeping changes to 700 planes
        600 48 US aviation agency wants insolation with flammable coating removed Financial Times [WASHINGTON] The US Federal Aviation Administration will propose extensive modifications on 700 passenger jets to remove insulation that is covered with a material that can be ignited by small sparks and
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        Lock icon Airlines must check A300 autopilot
        127 48 Bloomberg [WASHINGTON] Airlines using Airbus Industrie A3OO aircraft must do a one-time inspection of the autopilot for a possible flaw that could make the planes uncontrollable, the US Federal Aviation Administration said. The action follows a similar order on June 30 by the French regulatory
        Bloomberg  -  127 words
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        Lock icon Star attraction
        67 48 [TOKYO] Cabin attendants from the Star Alliance network wave in front of an All Nippon Airway's (ANA) specially painted Boeing 767-300 with Star Alliance colours at the Tokyo International airport. The aircraft has started operating on ANA's domestic network. Standing from left are attendants from United Airlines, Scandinavian
        AFP  -  67 words
      • LOG Book
        • Article
          Lock icon French firm wins Angkasa Pura II bid
          74 48 AFX-Asia [JAKARTA] Aeroport de Paris won the bidding for Sukarno-Hatta airport operator PT Angkasa Pura 11, which is currently being privatised, State Enterprises Minister Tanri Abeng said. Mr Abeng told reporters on the sidelines of a seminar that of the three bidders, Aeroport
          AFX-Asia  -  74 words
        • Article
          Lock icon Air Do to raise 1.5b yen in share sale
          106 48 Bloomberg [TOKYO] Hokkaido International Airlines Co, a start-up Japanese discount carrier, said it will raise 1.5 billion yen (5521.75 million) from the sale of new shares to finance the lease of a second aircraft next summer. Air Do, as the airline
          Bloomberg  -  106 words
        • Article
          Lock icon Rome airport expects lower traffic
          67 48 Reuters [ROME] Passenger traffic at Rome's Fiumicino airport is expected to fall 3.9 per cent during the weekend traditionally a busy period during the summer holiday from a year ago, new agency Telenews said. According to estimates by Fiumicino's air controllers office, some 317,700 passengers
          Reuters  -  67 words
      • Article
        Lock icon Go targets budget business travellers
        269 48 Reuters [LONDON] British Airways pic's low-cost airline Go will soon offer more flights to Copenhagen, Milan and Munich, expanding in what it sees as a fertile market for budget business travel, a Go executive said. David Magliano, Go's sales and marketing director, said starting in
        Reuters  -  269 words
      • Article
        Lock icon Airtours plays down fears of price wars
        305 48 Financial Times [LONDON] British budget tour operator Airtours yesterday sought to diffuse concerns about price wars in the package holiday industry by delivering an upbeat trading statement but worse-than-ex-pected third quarter results. It also held open the possibility of the sale of its
        Financial Times  -  305 words
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        Lock icon EC clears KLM-Alitalia alliance for takeoff
        521 48 Reuters [BRUSSELS] The European Commission said it had granted regulatory approval to an alliance between Dutch airline KLM and Alitalia after they offered to address concerns about the creation of a monopoly between Italy and the Netherlands. Alitalia and KLM are the only carriers
        Reuters; FILE PHOTO  -  521 words
      • Article
        Lock icon Air France's Q1 sales up
        148 48 Bloomberg [PARIS] Air France, Europe's No 3 airline, said first-quarter sales rose 19.1 per cent, boosted by a surge in demand on North Atlantic routes where it added 29 per cent more seats. The French carrier said sales from operations rose to 2.5 billion euros
        Bloomberg  -  148 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1791 48 CITY FLIGHT ETA FLIGHT ETD S***** 1605 K***** 2350 A4«4Kt« AA8230 <850 S***** 2350 u%3n mo u5?P 88 $0230 1850 S026 2355 tatota SO?3 07M~ K1844 0040 FMa $0*9 1645 $0990 0105 S0327 0745 KL838 2300 riliilltllll i** rrm nam nTai! rtTii ITTT _jxji. y.„ GA973
        1,791 words
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      242 33 Royal Caribbean stock rides wave of new cruise ships Cruise operator is spending US$3.6 billion on new ships. Page 2 A ft <2* SINGAPORE LOOK OUT! MV Global Mariner is visiting Singapore %A t I as part of a World Tour of more than welcome EXPLORE On board the Global
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      19 33 FAA to propose sweeping changes to 700 planes US aviation agency wants insulation with flammable coating removed. B&ck Page
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      1255 34 I NORTH AMERICA ~l I EXPORT I I OTHER DESTINATIONS ~1 SSX SUPER SHUTTLE EXPRESS- DMECT TO LONG BEACH WEST COAST Of CEMTRAL AMWC A »>A»QARfTA SERVICE) ma voy pnsET™ s umskacm mus Houston okago tminm ■racoon vtsM vot rr.o»Tm| oauwu vw m—go CQMfTO rrcjuma —MVWMU sauha en ooa ohm
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      507 34 For Complete Schedules Information turn to pg.s >auu( mi» iim nn 'lyjMiyjM tiJi km vm km km km —two——g tun i7ji 1 imil wm km MMIOTBNOMHU IIWI IHJMI MM taurr m mm Ikmlhjml tm vm km iiji iijm mj» mm taM&OL MM lIM MuM KM KM _KM tIJ» MM KM
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      140 34 Unas services represented u (f£t%X\ Members ot the Registry ot Members <X (he IvlHli/ Accredited Shipping Agents. 9|W Singapore Freight Forwarders \S«y S'pore National Shipping Assoc Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTU (MONTHLY SERVICE) MV "TBN" ETA SIN 26/08/99 BOOKINGS CALL MONKA/JUUA TEL 323
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      1089 35 TO EUROPE FROM EUROPE vcsa VOT SIN ITM ANN HAM WV SOU FIT L»1 IvKSB VOT 1 ITM um HAM IV SOU FIT L£H SM MY MGMESS 319W 14/01 01/09 04/00 07/00 01/00 HYEMPBOO Jl9l 77/07 74/07 77/07 71/07 14/01 API ALMANMNE 310W 19/00 11/09 01/09 09/09 00/09 LA LOME
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      2176 35 OHANJIN SHIPPING Ik Pi ilkMpla. -Ub 737*7* hamjih sxtmwG fS) pti ire n»//— i-p« t— mm rmrx>ra saus ?n07?4 nt nocunan ?37W7i 774 Pftunows ?3707scisi mm uwt *****5> hi rrmt» quo iiswjoooom TO NW USA A CANADA USA CANADA* fmvsi/vot Ihi I a uMHMt/vor su ro» tia pox o« mr
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      448 35 FULLY CONTA I H 11 «I P PBPICAUP »1B VICII gn wr_ _sa_ ro wt _sa_ jw_ jb_ J«L_SL I" 26 IWI P" .fSL or(nowatoii6 wis is/m um <n» ii/m tzm h/m vm vm |flj| 11 limp 1 achat bm_ mm nm Km_ii/m_- *n titsag mot I u/m I it/C
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      1478 36 DSR-SENATOR LINES TO UK/CONTINENT TOMEPffKHRANEANCANADA vtaa voy mT* ia rtm mm ham bwv fu vtwti wr «n sn vt fob mc mtb MEMOMSTM WQB34 13 08 MM MM KM DM MM CHOYANG CHANCE WMUS 14 BB JIM KM MM MM MM HAIUM GENOA WOMB ISM MM I7M MM MM 17
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      965 36 AM MAU-NELS S PORE M'SIA Carrier: Mil CONTR LINES, INC p. guoamg: (ot) *****26 l-K/V" J C* NO< **********09 SOU: (004) *****9 MAMLA: (832)*****24 PENANQ: (04) *****36 BANGKOK: (662)*****67 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT (21) *****46 KUQ6NO (062) *****1-3 MADRAS P VANCOUVER MV "TIGER PEARL V.728N MV
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      513 36 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vessel STORE N SHEVA COLOMBO P KLA*G TARPON SILVER VIS2W II AUG 23 AUG SI AUG K SEP CAPE CANAVERAL IUW 73 AUG 31 AUG >7 SEP 12 SEP TULSNMS V 113 30 AUG 17 SEP 14KP l» SEP TARPON SILVER VIS3W M SEP 14
      513 words
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      1590 37 [vessel voy khh hkg sin PKO PQ6 DXB pmm Iba I bik IRAN TABATABAEI PCL-5116 18/08 20/08 24/08 25/08~ 03/00 04/09 05/00 07/09 09/09 IRAN SATTARI PCL-5117 25/08 27/08 31/08 01/09 11/09 12/09 13/09 15/09 17/09 IRAN TEYFOURi PCL-5118 01/09 03/09 07/09 08/09 17/09 18/09 19/09 21/09 23/09 IRAN BAABAEI
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      2208 37 Direct Calls to Kolt (6 teys)! Naftya (7 Nyi) loky« (8 Nyi) I ISMGAPOKf'S GENERAL AGENTS: SO ROMNSON RD TIL 226 1900 FAX: *****04 OUTWARD (l/L) COSTAR SNIPPING PTE LTD #12-00 saies/mgs 420M57/M inward deft (D/oj *****85 COSTAR AGENCIES (Aft) SDN BND _01 NO: **********081 SINGAPORE *****8 CONVENTIONAI *****50/55 T/SHPMT
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      1284 38 BMBgg': nmonAmcumuwumummßKA rSGPI ROM ANW HBG TUP ZEE LHV LHV THP ROM AHW HB6 PKL I SGP E DELUXE RW-811 15/08 OZD9 081)9 #4/09 06/09 07/ M 09*9 E. ROYAL REO43 22*7 24*7 23*7 29*7 27*7 15*8 18*9 E DIVINE RW-909 Z2l%t O&D9 15*9 11*8 13/09 14/09 15/09 E REPUTE
      1,284 words
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      659 38 PACIFIC INTERNATIONAL UNES (PTE) LTD 140 Cecil Street, *03-00 PIL Building, Singapore *****0. CR NO **********06 I II""* ft" "a 1 fm {TP wb m pft wmrw| Ml 1 I OOQAMUTT M 7 11/» W/» </» I/* u/t M/JJ I Ilvpsa VOT m a imm m& mmmm 3| k i;
      659 words
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      433 38 llw-i lilllJlMllJliS M TROK BLANGAH ROM) 482-92 OTTORT CWTRE STOM MB TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** CH NO. **********0W VESSa VOY ETA ETD DESTMJXM IRIMAWA 92*9 11M/M 14WN MUNTOK mMAWA 03/99 17M/M IIMM PKL. BALAM lmamui 07« vmm iimm pontiamk rmawa um ?i mm 22mm ialam
      433 words
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      482 39 i BSA il ma MYANMA wBBk FIVE STAR LINE (MyoMar National Mm) A Loading for Yongon (Rangoon) vessei voy sjn m pin rou SAGAJMG tow SU UNG TUNC 4W SU MALAYSIA AGENTS: lOCS HAD SHIPPING AGE NOES *UL HI (03)*****00 PKL TH (03)376*101 PC* TU (04)2****** PGU: TH (07) *****21/4
      482 words
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      1510 39 HMNEHYUN^^AERCHANTJJAARINECOj^^D^^^^^^ I Vtssa VOYISW SOU I IBlltTMl AWT HAM MW FO IVfSSR VOYI SOU lUH I RIM I AWT I HAM IMV I FH ISM I NOICORAL 009W 13/00 03/09 04/09 29/00 31/ M MYEMPHK* 3191 21/87 28/07 24/07 27/87 14/W HY HOftSS 319W 16/00 01/09 02/09 04/09 07/09 lALOOI
      1,510 words
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      1034 39 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERYKI" VOT RAMP HEIGHT SJN LAX (XL MA SAV MI Off NYC KW MM TARONGA AHO3 4001 MS 6.31* M PORT "M7OT 16/09 21/09 23/09 25/09 UjW M7OT WW OOTiT" TAIKO AHO4 400 TMS 6.3 M 25/00 21/09 30/09 03/10
      1,034 words
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      775 40 BAMOKOK/MAP TA PHUT/LABM CHABAHOI J AKAHTA/PAIIJ AWO VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 427N 14AM 18/06 17/06 QURU BHUM 141 SB In Pt IVO6 XETHA WUir 296N 15/06 16/06 19/06 AKA BHUM* 366S 14AM IS/0S ULA BHUM 118N 17/06 20/06 21/06 ANRO JAYAKAHTA" 100
      775 words
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      318 40 INDONESIA NATIONAL LINE TO AUSTRALIA "1 RJLL COWEMNER BQ?VICg JfiL -Jgjf a JN_ JNLJN.BL m.wmmb ImlaflUlfll »'/»«vw um ivw uami jnsln/wii/M »/w| i*/w iyw u/w i+/w WOI»BBW TIS IM/WM/W IIVW 17/W »/W M/W Mgrwim |»IW/wii/WBH/W| |X/WIP/W|»/W|M/I>P" FEEDER SERVICE TO INDONESIA va VOT SUM SMUMTA INMM SUUUK IZZI BMW BMW IHOTWWI
      318 words
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      727 40 VtSSELS WY PKL JED MLA I LB* RTM HAM ZEE 90T V6LE OE MM4OBA V33M7 17/06 18*06 27/06 M/ 09 OMB gg (WW 11/09 13*09 V-LEDE TANYA T33M7 23/06 24/06 02*00 07/09 13*09 14*09 16*09 17A38 IftQ9 WLLEDE TAURUS A33W 90*09 31/06 IQQB 15W9 2009 22*09 24/09 25*09 27/09 VM£
      727 words
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      43 41 QMO MM un Cal,ing More T han RmmMmmW Container Sanrica 1500 Worldwide Destinations. Find out more on Pg 13 For Complete Schedules INDIAN OCEAN SHIPPING AGENCIES? Information Look Under HAI SUN HUP I Ci Turn To Pg 5 Pg 12 ON EVERY MON/WED/FRI
      43 words
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      54 43 (Retrieve more schedules!) m Press "1" -JE\ Select the port and key in SKI the four digit code eg: To New York (NYO 2275 Key in your fax number J your phone number Ano<h«*«o»«i», mmoffmd by CTC The document will be Qimrpimr TllllFQ SI M*J faxed to you* OllLrrlllU l
      54 words
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      179 44 S MitsuiQBK Lines Ltd L^j A d«han ocean smmMG agencies (FOREST PROOOCTS SERVICE) (SnuHim Service For Chritfmai. Isknd Frnnantfc Cora KUnd EUROPE SERVICE **Al«> call other we*t Amtnlia port* lutyrt to inducement TAW SXN KKU TMA VISSCL VOY. SIN ai FN. COS RUOIN STELLA V3l* SAILED SAILED 14/08 LOAWN6 FOt:
      179 words
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      180 44 iijscd^^HnVM!VTlTflVl i nn i fßßVTßlHl I SHIPPING >ff 11 ij lil I BiVl Til k .I I I [nil 1 I LIBYA TOMUQ UNOHAZI MIMIRATA TRIPOLI luuJ |vpsaMai| vot mo lan I ptc w roami xn tos m m m Mffll SI IS SKOAUSTW 17/W 11/W W/W HUM 31/W W/W
      180 words
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      135 44 H)Wt TIMS/ Wtnt SAWJWCS: ft, CTOMW/SmftCtt SOUTH BOUNO lebr I w 1 fBBW6 m BMUaMI f!STS IVWWD IVWSffi J9M&MI IVMSW Ifc^iMßß JMAMI MS it/iman ummt) BMUSWI TIMS 11/MMBI MM BMUaMtI fltfS I MB (MM) MIWI BMUsmi tiMS wmm tf/ww WOtTHIOWD jrai wr a roam Biouani 11 m iifrgg) ~iX«(aw OWU9MH
      135 words
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      682 45 H.SAMUDERA shipping line ltd 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********0 D TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARO) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME: 535 6266 CoHr/Josslcr/MoI Chaa/Jeslynn/Dora/lvy/Hanlwi 8 SLGS/WEEK EVERY 4 DAYS [vessel vov sm jak ivfiwfi ivoy sm
      682 words
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      888 45 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I WIG 1f I JKT 1 I PPG IOM I I KAL I MTL 1 0«F j SAV WHW j PkM HOU I HOIGH DUM/OSS7 71/00 70/00 07/W 04/W 14/00 00/00 21/00 74/W 71/10 74/10 7S/10 70/10 >1/11 00/11 It/11 HflffiH —ftflM
      888 words
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      554 45 rrrtt Singapore Soviet Shipping CPI k\\« aNt lOOSOMOOOM IWlhi Shipping PI ahitfsmmK vbhi vor sm mm rm m KOIAKUKUN RKNO47 25/00 01/09 TOA 11/ Of lOTA RATU KTUOSS 29/00 05/09 TU IS/09 TU I- J Ivosa VOY SW CM. HAL VCAB OKAM OREEZE 920N 15/00 21/00 20/00 ASIAN LINK 929N
      554 words
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      546 46 I VESSEL VOY SIN MAA SIN I TIGER ISLAND 727N 14 15*08 19-24/08 28 2&08 I TIGER PEARL 728N 16-17/08 21-27/08 01 02AJ9 I TIGER SEA 729N 21 22AJ8 27 01/09 0&06 TO I TIGER BAY 730N 2125,08 »03A» 0609/09 I TIGER ISLAND 731N 27 0H36/09 10-11/09 I TIGER PEARL
      546 words
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      955 46 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin6singnet.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 852-*****113 flm*ea»aonlin«.n«t Surabaya
      955 words
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      1016 46 lOOCL (Singapore) Pte lid CFS Keppel 6S CM* SfOCKCh #42-00 *****13 *513*01-12* I J Cill011«7»7«OOOqH M 272 7127 f* W: 43*33*3 Fix: 438 2H* hi: 272 7t2S MML Container lin. Mabyvo Sdn Bhd {teg No: *****TU) of V'V. PfUimCJATA Ufc 03-756 7776 Fu: 03-754 6657 POWIIG 1* 04-2******/1 Fu: 04-2******
      1,016 words
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  • Page 47 Miscellaneous
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      131 47 LEGEND: R Thunderstorm Temperature c >C\ X sj x)w#r Weather Wind direction with speed m knots Rom v-/ 9 Cloudy Sky Wove he^ht Serfoce win* ere indicated by arrows which fly with the wind One fu* circle represents calm or Wght and variable winds 1 One hoM Heche represents 5
      131 words
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