The Business Times, 24 August 1999
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1999-08-24
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The Business Times
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Title Section14 1999-08-24 1 THE BUSINESS TIMES MITA (P) 046V12/98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, AUGUST 24, 199914 words
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Article67 1999-08-24 1 (+36.55) pjBT-SJU U MM (+14.17) SHSCIFOTUBES 287J0 (+4.20) sir [B ooD! STOCK MARKET INDICES Monday Change KLSE COMP ***** +891 NIKKEI 18£33.&6 +136.44 HANG SENO 13,***** +6.92 SET INDEX 448.19 +7.68 JAKARTA COMP 184.90 +863 MANILA COMP 2,2tt77 +11 JO TAIPEI WPI 8,***** -3169 SEOUL COMP 917J8 +39.1967 words
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Article77 1999-08-24 1 FOBEX BATES USS St US$ 1.071 £(L'SS/SS per 1.614 1699 EUBOfUSS/SSperE) 1.066 1.782 Oil 1.8* 0.911 TEN ***** 1*10 KM 1800 0.440 HKS 7.764 ***** BAHT 1814 0.044 RUPIAH 7,671 0.022 •Sttemunltt •SJtoiatunta PH1IE BATES SINGAPORE* (JO KUALA LUMPUR 7.28 JAKARTA 40.00 BANGKOK 10.00 MANILA u 11.00 HONG BONO77 words
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836 1999-08-24 1 Jennifer Lien - Move part of revamp of company's global operations By, Jennifer Lien [SINGAPORE] Seagate Technology, the world's biggest maker of computer disk drives, is to lay off 1,600 staff in Singapore as part of a restructuring of its global operations. Sources said836 words
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Article, Illustration1064 1999-08-24 1 Lee Han Shih - By Lee Han Shih [SINGAPORE] Governmentlinked DBS Land is making a multi-million-dollar bet that it can succeed where rival listed property developer First Capital Corporation (FCC) has failed. Yesterday DBS Land bought five million shares ofSource: MSCI; LIANHE ZAOBAO - 1,064 words
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700 1999-08-24 1 Ven Sreenivasan - Rosier economic and corporate fundamentals also cranking np interest By Ven Sreenivasan [SINGAPORE] The stock market started the week with a bang yesterday, cheered by its impending re-weighting in the benchmark Morgan Stanley Capital Index and optimism over local economic and corporate fundamentals. Analysts700 words
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147 1999-08-24 1 Bloomberg [NEW YORK] Wall Street investors piled into blue chips yesterday morning on the eve of a key meeting of Federal Reserve Board policymakers who will decide today whether to raise interest rates. The strong buying interest pushed the Dow IndustrialBloomberg - 147 words
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Page 1 Advertisements
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Advertisement120 1999-08-24 1 dtstoe The Frtyty Cohmm Lee Han Shih looks at the potential for share price manipulation as the market awaits details of the government's land sales programme, Pg4 Si Bfc iIM t Hack Cathay Pacific appears to be cruising smoothly again, Pf 13 M«t jut lor tediiM Innovation will drive the120 words
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Advertisement9 1999-08-24 1 Bank, m resdner to merge retail operations ■Pg 169 words
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Advertisement51 1999-08-24 1 Restore CPF slowly, Pg 2 New Beta Titanium Collecting 1 y mWKmEmm^m 'iv i f ii v z 4gg^ m mkfe v -iggl 1 •--apfej x N. l|9^H I 4«£9§|| Ci£ .*£>. &§ll3te&;' --i Jl V#tßpWMß|M^Mp^- r Model: 8081 45% %fe*f /Oo«Krcian V 700% hypo-allergenic 200% rfronfSntt Available at all51 words
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Advertisement13 1999-08-24 1 DBS stocks surge ahead of tranche merger, Pg 13 Market reports, Pg 18-2213 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration907 1999-08-24 2 Jennifer Lien - Consider it only if economy grows strongly in Q3 and Q4: SNEF president By J* Jennifer Lien MANUFACTURERS have given the thumbs-up to a continued wage restraint policy, while calling for the restoration of the cut in employers' contribution to the Central Provident Fund to beCHRIS LOH - 907 words
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932 1999-08-24 2 Chin Hock Seng - MAILBAG Chin Hock Seng Acting High Commissioner Singapore's acting High Commissioner to Malaysia, Chin Hock Seng, has written to Malaysian newspapers to respond to Bank Negara governor Ali Abul Hassan Sulaiman's latest comments on the Clob issue. We reproduce here Mr Chin's letter: I REFER932 words
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Article, Illustration283 1999-08-24 2 Audrey Tan - EYE ON THE ECONOMY CPI e1,3 By, Audrey Tan INFLATION stayed low in July, with consumer prices up a bare 0.6 per cent from a year ago, figures from the Department of Statistics show. Prices of big-ticket items such as housing and transport and communicationSource: Dept of Statistics - 283 words
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415 1999-08-24 2 Audrey Tan - TFP growth has been on the decline since peaking at 6.6% in 1993 By, Audrey Tan SINGAPORE'S total factor productivity (TFP) dropped 5.1 per cent last year, as the impact of the economic slowdown was worsened by increased investments in less productive assets.415 words
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Article, Illustration620 1999-08-24 3 Teh Hooi Ling - MOU could lead to talks on market access; BG Yeo meets Bering's mayor From 1 Teh Hooi Ling in Beijing SINGAPORE and China yesterday signed an agreement to strengthen their cooperation in the insurance industry, a move that could eventually pave the wayLIANHE ZAOBAO - 620 words
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220 1999-08-24 3 Wong Wei Kong - The Clementv&le comprises 40 terrace houses and 2 semi-Ds By" Wong Wei Kong MAINBOARD-listed Chuan Hup Holdings will launch its maiden property project, The Clementvale, on Thursday, executive director Lim Kwee Siah told BT. The West Coast Road project comprises 40 units220 words
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Page 2 Advertisements
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Advertisement14 1999-08-24 2 Buy It. Sell It. Find It. Xfes, Classified. Call Today For Results Tomorrow. 1800-737-116614 words
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Page 3 Advertisements
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Advertisement37 1999-08-24 3 iRIDEOFAI I LIFETIME! •••a. wfpofJenfrn f SaWnoctM)vMua vMw H —Urra 1 I J I j Steer through The Straits Times Classified to find the best car for your budget. j| Buy H. SeU It. Find It. i37 words
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Advertisement296 1999-08-24 3 IF YOU WANT TO BE A MILLIONAIRE, START INVESTING LIKE ONE. Personal Portfolio Fund Investing like a millionaire means getting personal investment service With Personal Portfolio Fund, your portfolio will be actively managed and active management of your investments by investment specialists, by the fund managers at HSBC Asset Management296 words
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FOCUS: PROPERTY
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Article, Illustration713 1999-08-24 4 Lee Han Shih - THE PROPERTY COLUMN Releasing details of the govt's land sales early could prevent wild swings in the stock market By Lee Han Shih WITH the government getting ready to release details of its land sale programme, it is again open season for syndicates and rumour-mongers toFILE PHOTO - 713 words
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267 1999-08-24 4 Carol Eng - 43,500 sq ft freehold plot can be redeveloped into 30-storey condo By I Carol Eng [SINGAPORE] A 43,452 sq ft freehold site at Devonshire Road in the River Valley area is up for en bloc sale via tender. The parcel has a267 words
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Page 4 Advertisements
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Advertisement510 1999-08-24 4 PRIME INDUSTRIAL! 7 T] DEVELOPMENT SITE v FOR SALE BY PRIVATE TREATY [1 Legal Description: Lot 1734N MK 20 /o*5Z, •Sitearea 6047.25qm ill (approx 65,000 sqf) •Tenure Freehold J Master Plan Industry m/ Plot ratio 2.0 For more details, contact Sole Marketing Agent Ms Irene Kan 2286 896 Mr Nicholas510 words
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Advertisement321 1999-08-24 4 Pq|. galg Investment Sales NO. 7 JALAN MESIN BUCKLEY MANSION Prime Condominium Site "TH jr Site Area 16.888 sf m SS m floor Area 18,008 tf gjWB T/MKT.-JfrV Wo. 11 Buckley Roed 99 years tenure w.e.f. V lit Oct 1963 J >T .f\ "27* Existing single storey H DGP Plot321 words
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REGION
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427 1999-08-24 5 BANK BAM SCANDAL Late-night talks also dealt with party's backing for his presidency: reports AFP [JAKARTA] President BJ Habibie has held a late night meeting of leaders of the ruling Golkar Party to discuss a party split and signs of increasingly shakyAFP - 427 words
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Article311 1999-08-24 5 SINGAPORE If heads roll, it could raise questions as to who's in charge of the sector: analyst Bloomberg, FT THE Indonesian rupiah fell amid mounting concern the ongoing US$BO million (*****.7 million) PT Bank Bali scandal could throw the country's financial sector reforms into theBloomberg,; FT - 311 words
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Article, Illustration333 1999-08-24 5 Quak Hiang Whai - From< Quak Hiang Whai in Hongkong CORPORATE Hongkong stayed shuttered yesterday morning following a "black rainstorm" warning the highest level of rainstorm alert raised by the Hongkong Observatory. This saw banks, the securities, gold and futures exchanges, and most offices closed inAFP - 333 words
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213 1999-08-24 5 JAKARTA AFP A final government evaluation of alleged massive corruption by former Indonesian president Suharto during his 32 years in power will be handed to President B J Habibie this week, Justice Minister Muladi said yesterday. "There will be aAFP - 213 words
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358 1999-08-24 5 Brian Gomez - Closure due to unrest at villages 30 km from Gosowong mine From Brian Gomez in Sydney ONE of Indonesia's newest mines, the Gosowong gold and silver mine 82.5 per cent owned by Australian-listed Newcrest Mining Ltd, has been forced to suspend operations following358 words
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418 1999-08-24 7 KOREAN CORPORATE RESTRUCTURING 70 brokerages, banks, investment trusts to help ease liquidity crunch AFP [SEOUL] South Korean financial institutions agreed yesterday to extend cash support for contractors of the debtstricken Daewoo Group to help ease their liquidity crunch, financial watchdogs said. The agreementAFP - 418 words
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297 1999-08-24 7 SEOUL It pledges to pay off 2.45t won of auto arm's debt by end of next year AFP SOUTH Korea's giant Samsung Group has agreed to give full guarantees for the debt of its failed auto business, ending a two-month dispute with creditors, bank officialsAFP - 297 words
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194 1999-08-24 7 TOKYO Reuters THE Japanese government hopes to finish drafting the blueprint for a new financial system safety net by the autumn and to submit legislation in January seeking parliamentary approval for the changes, fmance ministry officials say. Finance Minister Kiichi Miyazawa recentlyReuters - 194 words
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Article, Illustration279 1999-08-24 7 BOMBAY It'll use its reserves to meet oil imports, govt debt payments Reuters THE Reserve Bank of India (RBI) halted the rupee's slide below a record close struck at the end of last week when it announced yesterday it would use itsReuters; Source: Bloomberg - 279 words
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Article, Illustration60 1999-08-24 7 [NEW DELHI] Indian Prime Minister Atal Behari Vajpayee (left) gesturing here yesterday as he addressed a crowd after releasing a cassette and CD featuring his poetry which has been put to music. Mr Vajpayee took a break from election campaigning ahead of the country's SeptemberAFP - 60 words
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Page 5 Advertisements
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Advertisement159 1999-08-24 5 _—3 r r ln south ru r^^B.' A "*y^£.. <~r: «ti^^K-—£§§ss2^^H ,v- *>-* -.~—~4^MH -—iK rl^l I &9M (fl rC-r— > <*» f -5? <#»** {Lrf»* I f 111 wm 9|H| ]w/'»w /i^H -/.ye. •#1 .•>' "v-' v H h -m fc I H IB 9 UK >^|^H 9 MBB^iPHPlil^^^^159 words
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ASIA ON THE MEND
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579 1999-08-24 6 Quak Hiang Whai - Deflationary trend continues for ninth month as composite price index flails 5.5% Frorrn Quak Hiang Whai in Hongkong IN a sign that Hongkong is stuck in a deflationary mode, the territory's real interest rate a key indicator watched by579 words
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448 1999-08-24 6 Macabe Keliher - From, Macabe Keliher in Taipei A NUMBER of Taiwan's banking counters rose yesterday on news that regulations may be eased to allow foreign banks to buy up to 100 per cent of local banks' listed shares. The China Times448 words
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Article, Illustration480 1999-08-24 6 Larry Wee - Sing dollar retreats on talk of intervention by local authorities By\ Larry Wee [SINGAPORE] A Japanese yen rally yesterday morning on the Nikkei index's strength lost steam ahead of a crucial US meeting to set interest rates later this evening, but manySource: Reuters; REUTERS - 480 words
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407 1999-08-24 6 For these moves to work, they have to be imposed without warning Bridge News, Reuters [KUALA LUMPUR] Malaysia does not adopt sudden policy changes unless the circumstances are exceptional and such changes are needed "to protect the economy and people",Bridge News,; Reuters - 407 words
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131 1999-08-24 6 Bridge News [KUALA LUMPUR] Malaysia's national asset management company Pengurusan Danaharta Nasional Berhad has put up stockbroking companies Halim Securities and WK Securities for sale via a tender as they faUed to repay their debts and service their non-performing loans. The tender for HalimBridge News - 131 words
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500 1999-08-24 6 Analysts attribute this to oversupply of poor-quality issues Reuters [HONGKONG] Investor appetite for new Asian equity issues has declined sharply in recent weeks, partly because an oversupply of questionable quality has started to depress prices in local share markets, analysts said. "Over the lastReuters - 500 words
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Page 6 Advertisements
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Advertisement378 1999-08-24 6 7th ANNUAL POWER-GEN ASIA 1999 Incorporating DistribuTECH Asia '99 22-24 September 1999 Level 4 Singapore International Convention and Exhibition Centre Attend Asia's Largest Power Generation Conference and Exhibition Now in its seventh year, POWER-GEN Asia is the leading electric power event focusing on topics in the global power generation industry.378 words
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Page 7 Advertisements
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Advertisement18 1999-08-24 7 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 313218 words
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Advertisement208 1999-08-24 7 ON REFUSE COLLECTION. RECEIVE FREE BULKY WASTE REMOVAL SERVICES OR FREE HIGH QUALITY LITTERBINS* If you're tired of missed rubbish collections Air-con duct cleaning to minimise and still have to pay a high haulage price, HH|b> poor m^°°r air 9 ua ''ty we have just the solution for you... Alwa^sava208 words
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FOCUS
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Article, Illustration1875 1999-08-24 8 Paul Romer - Asian policymakers must pursue a dual task reform and recovery as they struggle to emerge from the economic crisis By] Paul Romer Profßomer of Stanford University wrote this article in collaboration with Strategic Intelligence, an Asia-based business intelligence provider. He will be in SingaporeFILE PHOTO - 1,875 words
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Page 8 Advertisements
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Advertisement83 1999-08-24 8 par 44 fflliPGtf wjf^' FESIWfeg 4 v Just buy a box of Mooncake for only (tfpcs 0/assorted mini mooncakes in a gift box) IT§ 30% of sale price will go to the 111 National Kidney Foundation fc NATIONAL KIDNEY FOUND nvi RrkY r |FV Singapore 1 DUA K-e-W MARKETING CiiMII83 words
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Advertisement6 1999-08-24 8 »ODAY(g)«^». ■lianhe laohao jhshhb maaaai Jxll&?6 words
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Advertisement161 1999-08-24 8 I Thai"MaaMo«V I Foot ftofloxolofry, I Complete Relief Stress A Tiredness f One tf Ike Largest Spa with J I Exclusive Colanial Thai Setting FREE! $20 Cash Voucher FREE! Car Wash (level 6) i FREE! Use of Facilities i J FREE! Meals Refreshments J Tel: 336-9339 Open Drily; 10:30 am161 words
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THE WORLD
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395 1999-08-24 9 BIS REPORT BIS notes decoupling of US and Europe long bond yields AFX-Asia [BASEL] Stability returned to global financial markets during the second quarter of 1999 following last year's emerging markets turbulence, the Bank for International Settlements said in itsAFX-Asia - 395 words
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370 1999-08-24 9 ZURICH Reuters THE pressure on banks to merge seems likely to keep growing as bankers scramble to cut costs and become more efficient in an increasingly competitive business, the Bank for International Settlements said. The trick will be to have the sector consolidateReuters - 370 words
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Article, Illustration75 1999-08-24 9 [TOKYO] A classical style fountain sits in the centre ofa newly-built shopping mall designed purely for women customers. The mall, called Venus Fort, cost 10 billion yen (Sslsl million) to build and will open on Tokyo's waterfront bay tomorrow. It has 137 shops, mostly selling cosmeticsAFP - 75 words
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439 1999-08-24 9 TOKYO They can't afford syndicate premiums in the downturn AFP JAPAN'S yakuza gangsters, famous for cutting off their own fingertips to show loyalty, are finally being driven away from crime by high membership fees, officials and a newspaper report said yesterday. The economicAFP - 439 words
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516 1999-08-24 9 Addiction being seen as real psychological disorder Bridge News [BOSTON] The largest study ever of Internet users has found that almost 6 per cent or more than 11 million users suffer from some form of addiction to the World Wide Web. TheBridge News - 516 words
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Article, Illustration463 1999-08-24 9 Neil Behrmann - JP Morgan says recent exodus from Taiwan stocks and bonds 'overdone' From Neil Behrmann in London TENSION between China and Taiwan will continue until Taiwan's elections in March next year, but a currency upheaval in the region is unlikely, says JP Morgan. A JPFILE PHOTO - 463 words
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Page 9 Advertisements
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Advertisement593 1999-08-24 9 CWT CWT DISTRIBUTION LIMITED Announcement Interim Regults The Directors of CWT Distribution Limited wish to make the following Announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 Group Company 1999 1998 1999 1996 SS'OOO Ss'ooo ssooo ssooo Turnover 71,626 72,215 (1%) 30,304 33,598 (10%) Interest income 390 600593 words
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EDITORIAL & OPINION
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Article, Illustration760 1999-08-24 10 Shoeb Kagda - the BOTTOMLDIB OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent THE scenario is frightening. A global network of computer hackers threaten to bring Indonesia to its knees by disrupting the banking system, aviation and other essential services if Jakarta sabotages the August760 words
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Article126 1999-08-24 10 'If there is going to be a very hard-line attitude on the part of Acehnese that they are going to fight to the death, I think the Indonesian government will also say that it is going to fight to the death. Then both sides will lose.' Dewi126 words
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568 1999-08-24 10 EDITORIAL IT wasn't a good week for the Tung Chee-hwa government Or was it? Within the same day last week, the Hongkong government sacked tax chief Wong Ho-sang for violating internal guidelines and regulations, and penalised the director of buildings for using a government surveyor568 words
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Article, Illustration1155 1999-08-24 10 John Bogle - Investors lose oat as fond managers, brokers and the government collect from every trade By, John Bogle John Bogle is the author of 'Common Sense on Mutual Funds' NYT 'FEVERISH transaction activity in the stock market has become one of the hallmarks ofNYT; FILE PHOTO - 1,155 words
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Article, Illustration1001 1999-08-24 10 Watch Raul* on Dm IS THE date to watch in Russia is Dec 18. That's when voters choose the 450 members of the Duma, the lower house of parliament, a choice that could do much to shape their country's future, including its relations with the West.1,001 words
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EXECUTIVE LIFESTYLE
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Article, Illustration447 1999-08-24 11 OBITUARY He was the first US art dealer to offer his artists a stipend, whether or not their works sold Reuters [NEW YORK] Leo Castelli, the legendary art dealer who helped shift the focus of the early 1960s art world from ParisReuters - 447 words
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Page 11 Advertisements
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Advertisement406 1999-08-24 11 Where to wine, dine and J®S»S Eat across the region with signature dishes such as Hong Kong's famous Shark's Fin Soup, spicy Thai Tom Yam Soup, hearty Penang Char Kway Teow, crispy Japanese lempura, delicious Sichuan Dan Dan Noodles and tasty Wanton Noodles from Singapore. Lunch/Dinner: $22.50 (Adult), 50% discount406 words
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Advertisement38 1999-08-24 11 Create your own set lunch of Continental cuisine with strong French Italian influences. Mondays to Fridays "fop noon to 2.30pm (last order) Price: $28 Revolving Reservations: *****58/88 Itth floor -55Mandarin Svu/aporr 333 Orchard Road, Singapore *****7. Tel: *****1138 words
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Page 11 Miscellaneous
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Miscellaneous1073 1999-08-24 11 CRYPTIC CROSSWORD 1 A king with wealth derived from a variety of sources (7) HH BV 5 See gunmen about in the dis--9 Right, one's to return to make "1^ H H 11 No dealers sent out such 13 Small, very small, quiet, and clean (5) some heavenly food? (9)1,073 words
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KNOWLEDGE ECONOMY
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Article, Illustration1052 1999-08-24 12 ANNA TEO - Innovation will drive the knowledge-based economy and a country's future prosperity, amma teo reports ANNA TEO ONE might not have thought so, but fish-breeding is also a knowledge-based industry, Prime Minister Goh Chok Tong pointed out in his National Day rally speech on Sunday. "You must1,052 words
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802 1999-08-24 12 AT THE BAR Flne-timlng the tax rules on stock options win help THE drive towards the goal of a knowledge-based economy has led to several broad initiatives in Singapore, including a package of measures last month in support of technology entrepreneurs (or "technopreneurs", as they802 words
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Page 12 Advertisements
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Advertisement88 1999-08-24 12 Mr■ AJ powers the biggest and best M MM M U m Web sites The biggest and best Web sites use Oracle H From Amazon.com to Ymhoo!, the most popular Web sites depend on Oracle's ability to mmilß/i 5™ mUßim fMtr M nc^'e lu c num rs users and enormous88 words
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Advertisement34 1999-08-24 12 brought to you by i m f*" This is the first of two parts on the legal and regulatory support ft* technopreneurs, contributed by the Information Technology A Intellectual Property Practice Group of Rajah&Tann.34 words
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COMPANIES & MARKETS
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Article, Illustration591 1999-08-24 13 Siow Li Sen, Ven Sreenivasan - Bnt analysts are mixed over prognosis for bank stocks after merger By Siow Li Sen, Ven Sreenivasan [SINGAPORE] Shares in DBS Bank soared to record highs yesterday ahead of the merger of the Local and Foreign tranches on Friday.Source: Reuters - 591 words
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Article124 1999-08-24 13 As of yesterday, 87 SES-listed companies had released their financial results for the six months ended June 30,1999. They recorded a combined $2,615.1m in group profits, up 88.8% over the same period last year. The total included mvm foreign companies listed here. Excluding them, total profits rose 94.7%124 words
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Article, Illustration551 1999-08-24 13 David Boey - But company expects double-digit growth for the full year CORPORATE RESULTS By\ David Boey [SINGAPORE] Turnover at SembCorp Logistics nearly doubled at half-time following a merger with ST Logistics but net earnings slipped 3 per cent to $16.8 million. However, the company expects toARTHUR LEE - 551 words
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153 1999-08-24 13 CWT Distribution scored a 17 per cent increase in net profit to $3.4 million at halftime despite a one per cent dropin turnover to $71.6 million. Analysts polled by Barra Global Estimates expect the group's full-year profit to rise 4 per cent to153 words
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713 1999-08-24 13 Quak Hiang Whai - HOCK LOCK SIEW Quak Hiang Whai ■|HT was one corporate result ,f closely watched by the market. After all, Hongkong's flagship carrier had been hit by ■■more than one burst of turbuv..- lence, ranging from the labour dispute with its pilots to713 words
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COMPANIES
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Article, Illustration476 1999-08-24 14 Siow Li Sen - Successful launch of United Global Telecoms Fund puts it into $lb club Byl Siow Li Sen UOB Asset Management (UOBAM) yesterday said it has become the first Singapore fund manager to cross the billion-dollar mark for total unit trusts assets under management.476 words
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255 1999-08-24 14 [SINGAPORE] In a move to further diversify into the property business, listed design house Nobel Holdings has joined hands with property developers ACT Holdings Pte Ltd to buy a 19,439 sq ft freehold site at Tanjong Katong Road for $9.5 million. Nobel255 words
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177 1999-08-24 14 Bloomberg [SYDNEY] James Hardie Industries Ltd, the largest supplier of building products made from cement mixed with wood fibre to the US market, recorded a 43 per cent increase in first-quarter profit. Sydney-based James Hardie, in which Brierley Investments holds a major stake,Bloomberg - 177 words
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228 1999-08-24 14 Bloomberg [SINGAPORE] Allied Irish Banks Pic (AIB) isn't planning to pull the trigger early on its three-year option to buy a quarter of Keppel Tat Lee Bank Ltd (KTB), Singapore's fifth-largest bank. Keppel Tat Lee's shares rose 3.9 per cent yesterday onBloomberg - 228 words
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244 1999-08-24 14 Bloomberg [HONGKONG] Sunway International Holdings Ltd, which makes calculators and related parts mostly for sale in China, priced its initial stock sale at HK$l.26, the low end of its proposed price range. The company will raise HK$3l5 million (5567.8 million) in a dualBloomberg - 244 words
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Article, Illustration212 1999-08-24 14 [SINGAPORE] A fire yesterday morning caused substantial damage to Zagro Asia's Woodlands facility, which accounts for about a quarter of the group's sales. However, except for some pending sales which require prompt shipment, the group said in a statement yesterday evening that its performanceALBERT SIM/ST - 212 words
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226 1999-08-24 14 AFP [SEOULJ A Japanese consortium is seeking a US$5OO million (*****.8 million) stake in a South Korean petrochemical joint venture to be formed under a government-led industrial realignment, officials said yesterday. The consortium led by Mitsui and Co plans to invest in aAFP - 226 words
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366 1999-08-24 14 There're no talks at the moment bat Air NZ still interested in News Corp's stake Reuters [WELLINGTON] Air New Zealand said yesterday it was still keen to purchase the half of Ansett Australia that it does not already own, contrary to weekendReuters - 366 words
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239 1999-08-24 14 [SINGAPORE] Tianjin Zhong Xin Pharmaceutical Group Corp has formed a joint venture with its parent, Tianjin Pharmaceutical Holdings (TPH), to produce pharmaceutical products in Tianjin, China. The company said it would take a 51 per cent stake in the venture for 42 million239 words
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COMPANY Briefs
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70 1999-08-24 14 [SINGAPORE] Overseas Union Bank (OUB) has received approval to open a branch in Shanghai, becoming the third Singapore bank to have a presence in China's largest commercial centre. Expected to open early next year, OUB's Shanghai branch will offer a wide range of70 words
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62 1999-08-24 14 [SINGAPORE] Gul Technologies said it has invested more than US$l million (511.07 million) in two companies in the Research Triangle Park in North Carolina, US. It bought 20 per cent of Elliott Technologies which specialises in turnkey product design engineering services, and a62 words
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37 1999-08-24 14 [SINGAPORE] The Capital Group Companies has bought another 32,000 shares in Singapore Technologies Engineering at $1.99 apiece last Friday. Its stake In the firm now stands at 7.06 per cent37 words
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Article44 1999-08-24 14 (SINGAPORE] SembCorp Industries (SCD yesterday closed 5 cents higher at $2.33 on a volume of 2.6 million shares. Yesterday was the first trading day of new SCI shares issued to shareholders of Sembawang Resources Ltd, which was delisted yesterday.44 words
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Article42 1999-08-24 14 AFX-Asia [SINGAPORE] Heshe Holdings said it Is not aware of any reason for the rise in its share price and turnover yesterday. It closed up six cents at 34 cents on 13.6 million shares yesterday. -AFX-AsiaAFX-Asia - 42 words
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69 1999-08-24 14 [SINGAPORE] SembCorp Logistics announced yesterday that its wholly-owned subsidiary Semco Salvage Marine Pte Ltd had sold its entire shareholding of 49 per cent in two marine engineering and supply firms for a total of 8.08 million UAE dirhams. The ma inboard-listed logistics player69 words
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Article24 1999-08-24 14 AFX-Asia [KUALA LUMPUR] Lion Corp Bhd said that Mirzan Mahathir has resigned as director of the company effective yesterday.—AFX-AsiaAFX-Asia - 24 words
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Article47 1999-08-24 14 Reuters [KUALA LUMPUR] Construction group United Engineers (Malaysia) Bhd said yesterday that its associate Puncak Vista Sdn Bhd was still in default on the payment of principal on two facilities worth a total of 393 million Malaysian rlnggit (Ssl73 million). ReutersReuters - 47 words
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INTERNATIONAL COMPANIES
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COMPANY Briefs
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Article56 1999-08-24 15 Bloomberg [PALO ALTO, California! Sun Microsystems Inc, inventor of the popular Java computer language, said the US Army is testing its new Jini software to link computers in battlefield command centres. The army is using Jini because it lets computers and other devices communicate immediatelyBloomberg - 56 words
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60 1999-08-24 15 Bloomberg [PARIS] Suez Lyonnaise des Eaux SA, France's second-largest water utility, on Monday offered about US$l billion to buy out United Water Resources Inc, the No 2 publicly traded US water company. The French company offered US$35 a share for the 67 perBloomberg - 60 words
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Article65 1999-08-24 15 Bloomberg [SEOUL] Julian Robertson's Tiger Management sold part of its stake in SK Telecom Corp to the Korean company's parent, a month after boosting its investment and vowing to fight management. Two SK units bought shares from Tiger and other investors, increasing the group's stakeBloomberg - 65 words
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65 1999-08-24 15 Bloomberg [SEOUL] LG Securities Co, South Korea's third-largest brokerage, said it will acquire its unprofitable affiliate LG Merchant Banking Corp in a consolidation aimed at coping with fiercer market competition. LG Securities will swap one of its own existing shares for every 8.2372 shares ofBloomberg - 65 words
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62 1999-08-24 15 Bloomberg [LONDON] The Buena Vista Internet Group, the Internet arm of the Walt Disney Co, agreed to buy 60 per cent of Soccernet from the UK's Daily Mail General Trust pic to boost coverage of soccer, the world's most popular sport, on itsBloomberg - 62 words
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232 1999-08-24 15 USs72om cash com stock deal will allow company to expand e-commerce services Reuters [HERNDON, Virginia] Internet service provider PSINet Inc said yesterday that it would buy Transaction Network Services Inc, a processor of sales over the Web, in a US$72O million (Ssl.2 billion) cash-and-stock deal.Reuters - 232 words
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903 1999-08-24 15 They believe big is beautiful if it means cost savings that can fuel future earnings gains LATWP QUICK, what's the better stock to have owned so far this year: Profitable online titan America Online, or money-losing copper miner Asarco? Most probablyLATWP - 903 words
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Article, Illustration552 1999-08-24 15 Company has rejected suitors, sees great benefit in staying independent Reuters, NYT [NEW YORK] Timothy Koogle, chief executive officer of Internet portal Yahoo Inc, says "there is a great benefit" for the company to remain independent. "There are multipleReuters,; NYT; Source: Bloomberg - 552 words
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541 1999-08-24 15 Papers generating impressive revenues from online assets NYT THE conventional wisdom of the new economy says newspapers ought to be on their last legs. In this view, it will not be long before the Internet eats the newspapers' lunch by siphoning offNYT - 541 words
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223 1999-08-24 15 Bloomberg fNEW YORK] International Business Machines Corp said it will make computer processors for Siemens AG's wireless phone equipment, strengthening the world's largest computer maker's position in the chip industry. Terms of the contract weren't disclosed. As part of the agreement, Siemens,Bloomberg - 223 words
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FINANCE & COMMODITIES
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Article, Illustration491 1999-08-24 16 MD says it would prefers deal with a third party THE BMP BftBBIEB Reuters [PARIS] Societe Generale, whose fate stands to be sealed today, said on Sunday that it was open to some industrial cooperation with rival Banque Nationale de ParisReuters - 491 words
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Article, Illustration658 1999-08-24 16 Dresdner may consider tie-np with HypoVereinsb&nk if talks with Deutsche Bank fall through FT, Bloomberg [LONDON] Two of Germany's leading banks are in talks aimed at merging their retail operations in a sign that the tremors from global banking consolidation have reached Germany.FT,; Bloomberg; FILE PHOTO - 658 words
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597 1999-08-24 16 Bloomberg [FRANKFURT] When Germany's top banks adopted a common book keeping standard last year, investors cheered a new era of comparability and clarity. That has proved premature. First-half profits from Deutsche Bank, HypoVereinsbank. Dresdner Bank and Commerzbank show the switchBloomberg - 597 words
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340 1999-08-24 16 Bloomberg [LOUISVILLE, Kentucky] ARM Financial Group Inc said one of its units was placed under supervision by Ohio regulators, a week after General American Life Insurance Co sought similar protection when short-term investors demanded the return of their money. ARM Financial, saidBloomberg - 340 words
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250 1999-08-24 17 Daphne Tay, Jardine Fleming - Slmnn, Reports MSd Singapore Index Daphne Tay, Jardine Fleming FUELLED by the 12 per cent year-on-year growth in nonoil domestic exports in July and the strong closing on Wall Street last Friday, investors piled into the Singapore stock market yesterday, driving the Straits Times Index250 words
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174 1999-08-24 17 Charlie Kuo Refco Singapore - MSCI Taiwan fatures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract yesterday finished marginally higher after a seesaw session as investors tried to scalp minor trends in the absence of fresh fundamentals. The August '99 contract ended up 0.5 point174 words
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207 1999-08-24 17 ENERGY REPORT Reuters [LONDON] OU prices briefly scaled new heights yesterday before slipping back on reports that a hurricane in Texas did less damage to US oU facilities than first feared. Front month October Brent hit a fresh 22-month highReuters - 207 words
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Article331 1999-08-24 17 Reuters London THE US dollar reclaimed some ground in Europe yesterday after slipping to sevenmonth lows against the yen earlier amid lingering concerns over US asset markets ahead of a key US monetary policy meeting, traders said. Despite the modest bounce, the dollar was far from being outReuters - 331 words
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Article, Illustration1133 1999-08-24 17 INTERBANK CROSS RATES Aug 2. l r JL P" HK$ Ind to Bupiah rw Wow m M2$Pafclh Pt«o S$ Band sir HT$ B*t Pound US$ 0 953 "J »7 3.919 1.168 4.943 27.702 46.222 0.705 7.619 2.419 1.197 32.982 ***** L064 3.875 0954 20.***** 340 0 394 fl«7 SSf 0M1,133 words
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Article1826 1999-08-24 17 SICOM FUTURES Aug 23 RUBBER (tuturvs dosing a it 5 JOpm) RSS1 C0#TRACT(S cents/kg) Close Volume Open Month Hj» Low Sett (tonnes) Interest Sep 99 92.00 300 600 Oct 99 95.25 300 600 Nov 99 96.75 300 Otc 99 98.50 300 Jan/Mar 00 102.00 300 Apr/Jun 00 105.50 Jul/Sep 001,826 words
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Article, Illustration1416 1999-08-24 18 AFP F1 Hang Seng +6^2 HONGKONG share prices closed up just 0.05 per cent in volatile half-day trade yesterday after opening strongly following Friday's rally on Wall Street, dealers said. "The market is solid but volatile as there is no more news to justify a big rise," said HowardAFP - 1,416 words
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Article, Illustration571 1999-08-24 18 Reuters nShenzhen Blndex -OJ SHENZHEN'S hard currency B shares closed slightly lower yesterday amid worries over poor corporate earnings after the announcement of more disappointing results, brokers said. The B share index edged down 0.1 point, or 0.1 per cent, to 93.65 on thin turnover of HKJ25.68 million, downReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 571 words
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Article345 1999-08-24 18 AFP QWP Index -33.59 QWP Index -315} TAIWAN share prices closed 0.4 per cent lower yesterday as the market underwent a correction following recent rallies, dealers said. "The decline is a technical correction and an expected result after the index climbed over the 8,000 level," said Cooper Leow, managerAFP - 345 words
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Article2248 1999-08-24 18 LONDON Industrials Am 20 found 31 Croup &30 0.08 Abbey National 10.14 0.11 A B Foods 4.18 0.04 A 8 Ports 3.41 0.11 AstraZeneca 24.23 0.84 Alliance 6 Leicester 8.08 -0.10 Allied Domecq 5.47 0.14 Allied Zurich 7.66 0.22 Anglo American Cold 43.70 unch ASDA Group 2.212,248 words
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Article1656 1999-08-24 18 AFP Q Nikkei 225 +135.44 SHARE prices in Tokyo closed up 0.7 per cent yesterday as investors remained bullish following last week's announcement that three big banks plan to merge, brokers said. Shares in the three banks Dai-lchi Kangyo Bank Ltd, Fuji Bank Ltd and Industrial Bank of JapanAFP - 1,656 words
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KUALA LUMPUR STOCK MARKET
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Article8387 1999-08-24 19 INDUSTRIALS Consumer products 1999 Lait Vol Day Net Cap Hlfh Iw Ciwuwy Sate 'OOP Low Pit 440 255 Ajinomoto 320 20.3 129.7 174 46 Anqkasa 111 6 257 112 107 163.7 404 220 Apollo Food Hlq 322 8 11 326 322 11.2 128.8 294 115 Berjaya Land 225 31 18558,387 words
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Article, Illustration450 1999-08-24 19 AFP □Composite Index +JL9I MALAYSIAN share prices closed 1.2 per cent higher yesterday on positive sentiment before tomorrow's release of second-quarter growth figures, dealers said. A dealer with a local brokerage said trading was range-bound, with buying interest concentrated on specific speculativeAFP - 450 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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190 1999-08-24 20 Ven Sreenivasan - WARRANT WATCH -By Ven Sreenivasan ALLIED Irish Banks pic may exercise its option to buy 24.9 per cent of Keppel Tat Lee Bank in two years rather than three. AIB general manager Walter Coakley told Dow Jones Wires yesterday that the move would be subject190 words
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Article2237 1999-08-24 20 BONDS, LOANS t WARRANTS Wt 52-Wh Last Vol My Last Quota Av« MKjn Low St no Com pony Solo *or- (OOO) High Low Buyor Soiior Price 104 3 s 3160 *Acor ******1USS 59.5 *7 5 1136 59 5 54 59.5 60 80 4.5 s 3164 Ac mo ******4 45 »52,237 words
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Article230 1999-08-24 20 HONGKONG STOCKS Gr Cr 52Wk La*t Vol Day LMl Quota Otv Otv YM Nat M Cap High Low Stno Company Sato COOP) High Lo» Buyar SaHar Cyr H P/C mH 365 173 5123 COL (2000) HK 272.5 257 5 330 e 17 29 ,3 539,3 5124 Cathay Pac230 words
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Article, Illustration714 1999-08-24 20 AFP fl Composite Index +8.63 INDONESIAN share prices closed 1.5 per cent higher yesterday after overnight gains on Wall Street but sentiment remained undermined by the ongoing probe of the Bank Bali scandal, dealers said. "I think today's market rise was supported by relatively strong regional markets following WallAFP - 714 words
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Article327 1999-08-24 20 AFP Manila +IL3 PHILIPPINE share prices closed up 0.5 per cent yesterday on institutional buying but fears of a possible interest rate rise in the United States tempered trading. The Philippine Stock Exchange Composite Index added 11.3 points to close at 2.220.77. Volume was thin at 805 million sharesAFP - 327 words
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Article, Illustration879 1999-08-24 20 AFP Q SET Index +7.68 THAI share prices rose 1.7 per cent yesterday, consolidating last week's sharp gains but closing off earlier highs amid profit-taking in banks and property issues, analysts said. The market rose sharply early on predictions from the International Monetary Fund (IMF) that Thailand would seeAFP - 879 words
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Article407 1999-08-24 20 AFP Q Composite Index +39J9 SOUTH Korean share prices surged 4.46 per cent yesterday after Moody's Investors Service put the country's foreign currency rating on review for a possible upgrade, dealers said. Hana Securities' Shin Sam Chon said the rise was also prompted by an agreement under which financialAFP - 407 words
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Article665 1999-08-24 20 AFP fl All Ordinaries +3&J& AUSTRALIAN stocks closed up 1.3 per cent yesterday after taking a lead from strengthening markets in New York and Tokyo, brokers said. The All Ordinaries Index gained 38.8 points to close at 3,064.20. The All Resources rose 2.1 per cent or 27.7 points toAFP - 665 words
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Article284 1999-08-24 20 AFP J3 Wellington -26.24 NEW ZEALAND stocks closed down 1.2 per cent yesterday as orders dried up in a thin market. The key NZSE-40 Capital Index lost 26.24 points to end the day at 2,151.14 on trade worth NZ$45.B million. (0001 Advantage HOS -2.4S -0.03 26 Air NZ AAFP - 284 words
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5787 1999-08-24 21 Transaction date: Aur 23 I 52-Wk Last Vol Day Last Ouott Olv Dtv YM Nat Cu ill Mm> low stNo Company Mi 000) High Law iuyaf Satlar S c »r P/E MUTHNDUSTRY 182 175 m b 1000 Acma 50c 133 *4 396 135 1315,787 words
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Article675 1999-08-24 21 *m—t a x xJS MANUFACTURRM S? 45 J IS' 1s5£&20« 3 ?5 *g U, OA 220.4 175 J61 100 C 2065 Xv W 3 149 l2o 5*2 7 2 5L 8 1 3 s 2? S 3 s 2 J 3» i ffi I 127 32 J looi 2003675 words
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STOCK EXCHANGE OF SINGAPORE
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Article324 1999-08-24 22 Stocta Votaw •Gentlng Int 70,881.000 Asia FoodSProp US$ 57,436,000 Golden Agrl USIOc 54,188.000 Hotung Inv NT5 39,977,000 Eagle Brand Hldqs HK75c 35.124,000 IPC Corpn 5c 30,301,000 Goldtron 20c 24,360,000 LHT Hldgs 10c 24,153,000 Oragonland 10c 23,878,000 LionAsiapac25c 21,716,000 Stecta 0C8C Foreign 46,545,098 •TanChonglnt50c 41,269,050 Asia FoodSProp US$ 35,064,280 City Dev324 words
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Article, Illustration635 1999-08-24 22 Ven Sreenivasan - STOCE MARKET COMMENTARY Focus falls on neglected domestic fundamentals, but some brokers warn of profit-taking soon By Ven Sreenivasan SINGAPORE stocks yesterday surged to their highest levels in two weeks as investors shrugged off fears of higher US interest rates635 words
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ON THE GRAPEVINE
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Article92 1999-08-24 22 last ween tnis column earned some tidbits about how brokers gave nicknames to stocks to reflect their performance for the week. Looks like the habit is catching on with their clients. With the market now beginning to stir again, brokers say their clients have become "fans of92 words
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Article139 1999-08-24 22 A RESEARCH head at a foreign brokerage in Malaysia recently recounted the eventfUl day when Telekom Malaysia, the country's largest phone company, was scheduled to release its half-year results. According to him, the firm's research assistant in Hongkong stumbled on Telekom's results when he checked the Web139 words
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Article96 1999-08-24 22 BERNAMA news agency recently reported that a staunchly an ti-government husband In the Malaysian state of Perils threatened to divorce his wife If she accepted aid under the assistance programme for the poor. According to Menterl Beear Shahldan Kasslm, this was related by the wife when she was96 words
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133 1999-08-24 22 wfitiN it comes to popuiarity among business travellers, the cellphone Is way ahead of other electronic gadgets like laptops, pagers and hand-held PCs, at least in the US. What's more, people seem to use it even/when cheaper alternatives are available. A survey of the133 words
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Article, Illustration61 1999-08-24 22 Wong Wei Kong - u ovu i -By Wong Wei Kong HOTUNG Investment shares rose 4.5 US cents to US$O.47 yesterday with 40 million shares traded, compared with its 10-day traded average of 15.4 million units. The short-term RSI, Stochastics and MACD charts suggest that the stock may be encountering some resistance61 words
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Advertisement169 1999-08-24 13 I u lfil dS^HBSBHIiiiM D °done right. on-sit£ N SECURITY We provide you with the security of knowing that your confidential material ire destroyed completely right at your doorstep. From our locked security console to bonded Customer Service Representative to mobile shredding trucks, your security is totally assured. |L COST-EFFECTIVE169 words
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Advertisement116 1999-08-24 15 Have You Seen Our Grand Ballroom? The new Pacific Ballroom at The Pan Pacific Singapore can only fx- described in one word Magnifiquc! Opening in September 1999, the Pacific Ballroom ensures magnificent style and comfort in any setup for up to 750 seated or 1200 standing guests. Whatever the occasion,116 words
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Advertisement25 1999-08-24 15 The Straits Times CLASSIFIED Where buyers and sellers meet Find ready cash by advertising your garage sale. I cats. Buy It. SeU It. Find H.25 words
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Advertisement771 1999-08-24 16 mk TRI-M TECHNOLOGIES (S) LIMITED (Incorporated in the Republic of Singapore) Registered Office: 25 Kallang Avenue #07-01/06 Kallang Basin Industrial Estate, Singapore *****6 NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of TRI-M TECHNOLOGIES (S) LIMITED will be held at 25 Kallang Avenue #07-04 Kallang Basin Industrial Estate,771 words
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Advertisement73 1999-08-24 18 f Hello? I'm calling about\ m a PPy I your advertisement in great...just like f° un d m Y P et through The Straits Times Classified... 1 I the ad J I Straits Times Classified. y° u st have the puppy... jdescribed, g°i n g to ta ke real goo^^73 words
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Advertisement21 1999-08-24 19 Mi 1111 l M jj Your weekly guide to pubs and lounges every Friday in The New Paper Fastads f&StiXiS d21 words
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Advertisement20 1999-08-24 20 E FU LL US E f /v if iytfi, /.v more PREPARATION .p-JiL.,,:, p'.. PORTANT for- I J tan KNOWLEDGE20 words
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Advertisement56 1999-08-24 21 Multiply your wealth. jfu 1w mr\ Equity Investment Account from Citibank. uf fIP ju JMk Gives you credit to invest in shares and interest on your positive balance. jflV What better way to multiply your money? U/fm Call 339 7126 to open an account today Or visit our website at56 words
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Advertisement1412 1999-08-24 22 To make money from the market you need the best ideas. Get some, by signing up with DBS Investor Online at 323-3955. gj| )|',SBANK notices UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned certificates have been reported loet. destroyed or mMaid:Nami Cfftfflclw No. No.ofeheree Phuan Ah1,412 words
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Advertisement48 1999-08-24 22 Classified First. Wan* fo get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. f& [CATAI I Buy k. Sdl k Find k. J Your wwkty Quitf® to §nd loud^®s rrtry Friday in Tht Ntw Paptr Ftstads fSStOOS48 words
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SHIPPING TIMES
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Article170 1999-08-24 23 Bridge News, Reuters RATES eased slightly for modern Panamaxes booked for transatlantic round voyages, brokers said. Charterers were swift to point out several ships are now spot, and with rates very weak in the east ballasters are expected in the US Gulf. Capesize rates are set to ease.Bridge News,; Reuters - 170 words
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Article258 1999-08-24 23 ■HHHHBflBBKnnMi ma n *f- hi CWT OMMbutk* 1.36 0.06 156 CIliMnNup 131 OCT 83a Cow* MvMtmnt UO 004 54 FraWKUnfcl 0.39 0.05 6365 GBHoMngs 0.96 0.03 119 MMSwiHu* 0.77 0.05 29*4 IMC HoMtogs-HK 5.60 uncti 0 Jay* HoMlngi 104 0.04 213 Jurong SNpyard 7.70 0i20 64 MMM4C«V 5.70258 words
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Article, Illustration367 1999-08-24 23 Marcus Hand - UK shipping group denies reports that Carnival made USslL2bbid By] Marcus Hand [SINGAPORE] The shipping industry is buzzing with rumours that the world's largest cruise line Carnival Corp has made an US$ll.2 billion bid for UK shipping group Peninsular Orient Steam NavigationFILE PHOTO - 367 words
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Article124 1999-08-24 23 AFP [COLOMBO] A Turkish cargo vessel, the Maliksah, sank near Sri Lanka yesterday, but the 27 crew were rescued by a Singaporean ship, the main ship-to-shore communication centre, Colombo Radio, said. The vessel had reported it was taking in water from the engine roomAFP - 124 words
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239 1999-08-24 23 Alec Almazan - From- Alec Almazan in Manila THE state-owned Development Bank of the Philippines recently launched the second phase of its financing programme for the Philippines domestic maritime industry. Known as the Domestic Shipping Modernisation Pro- gram 11, the lending facility will provide low239 words
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PORT Shots
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55 1999-08-24 23 [LONDON] The port of Djibouti at the mouth erf the Red Sea will now be offering twenty-four hour bunkering facilities for both heavy fuel oil and marine diesel oiL Mobil, the company operating the supply facilities, promises the port will be secure, as it is55 words
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Article53 1999-08-24 23 [LONDON] UK-based shipping accountant Moore Stephens has issued a warning to owners against the issuing erf junk bonds to raise cash. Senior partner Paul Powell said: "Vulture funds are looking at shipping, hungry to buy high-yield debts." The current poor market was to blame, according53 words
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Article27 1999-08-24 23 [LONDON] Former director of the Bahamas Maritime Authority John Dempster has been named as new executive director of the UK Major Ports Group.27 words
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193 1999-08-24 23 AFX-Asia {HONGKONG] China Shipping Development Co Ltd (CSDC) said it anticipates earnings growth will accelerate in the coming years. "The board expects the business of the company to improve at a faster pace in the next few years," it said in a statement accompanying itsAFX-Asia - 193 words
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334 1999-08-24 23 Reuters [WASHINGTON] Miami Cruiseline Services Holdings, the world's leading provider of duty free retail shops on cruise ships, plans to sell up to US$l25 million (*****.75 million) of stock in an initial public offering (IPO). The Dutch-based company did notReuters - 334 words
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Article, Illustration725 1999-08-24 24 P T Bangsberg - HK PORT The territory's terminals join forces to reduce high costs and promote the port in face of cheaper competitors From P TV P T Bangsberg in Manila HONGKONG'S container terminal operators, badly squeezed by high costs, are banding together in a concerted effort to reduceFILE PHOTO - 725 words
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Article174 1999-08-24 24 PACE tyak Lloyd 8 ACL 6 Dongnama 3 ML 3 tCULine 6 II Accord 8 ECl 4 AppenstNp 5 6 Austral 8 Foon,Son 8 Bala,! Shpo 5 C 4 Gemartrans 6 ri«giw CCMI 3 OA Hyundai 7 COSCO 5 ICFS 3 CSAV 3 Interasia 7 CMME. t174 words
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Article21094 1999-08-24 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT SIN* oLIrn MS t V0Y1<| I ETA ETA Advart.sar Vassal Voyag. Taiaphona SIN Dastn Nam* Nam* Numb* Numtwr I SIN Dasln Nam* Nam* Numter Number To mm I1M <1B II SftAl I 12/09 03/10 Austral CAPE NELSON V.HS9 65-*****22 To ABIDJAN (ABJ) 2003 Cote D'lvoire21,094 words
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Advertisement691 1999-08-24 23 HE port's box operators joining forces Bid to reduce high costs and promote the port in face of cheaper competitors. Page 2 People Immarsat, the global mobile satellite communications JL provider, has appointed Michael Stony (right) its new president and chief executive. Mr Storey will be responsible for the company's691 words
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Advertisement19 1999-08-24 23 GAL crash in HE: Probe gets underway Communication between pilots, air traffic control to come under focus. Back Page19 words
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Advertisement851 1999-08-24 24 SUPER SHUTTLE EXPRESS j| IQULF KARACHI EXPRESS (OKX) rasa vorm I'm s» vbsu votl mm mm kwt I jea Imo om Ipoang m OOQAMBKA 30W532 11/ M 20/ M OOaCAIffOtMA 30W533 11/06 05/ M PtO MDUOTD OtMOCO Hi 13/ M 13/ M IS/M 17/ M 11/ M 13/01 17/01 20/851 words
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Advertisement656 1999-08-24 24 Lines services represented (fmSan\ Members <* o( Members oI the Accradtod Agents, Singapore Freight Forwa Sfrore National Shaping Asaoc Asaoaatton. |[jj ULY UNE MALE IVISSII VOY eu Tni Tlu f. KIANG spore mum Empress Lily VQ499 27/08 25/08 04/09 Princess Lily V 0899 10/09 12/09 20/09 Empress Lily V 0599656 words
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Advertisement1093 1999-08-24 25 I SAX SERVICE (DIRECT) VBsa wt aw eta lax Ojjt m hou Qi ■ca I wa> I<n 1 wrc 0131 16/00 02/09 07/09 07/09 10/09 10/09 10/09 10/09 11/09 11/09 WIIWQUOCI 0271 25/00 09/09 14/09 14/09 14/09 15/09 15/09 15/09 16/09 14/09 msmam 0141 01/09 u/w 21/09 21/09 22/09 22/091,093 words
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Advertisement2085 1999-08-24 25 HAJqiN SHIPPING liTp 1 4 Ik EWyi lw —Ui *****30 HANJM SHIPPING (S> PTI ITB //<— am OOOOK ********** SAUS *****J4 231 DOCUMENT *****71 274 OffIUDOK ********** MAW UK 2777W FAX 77Ttt4l ft HI I IWrfIKMN TO NW USA CANADA ySA CANADA* ««7wr I oa* |sw SHSSiTw rari j ota2,085 words
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Advertisement1289 1999-08-24 26 DSR-SENATOR LINES TO UK/CONTINENT 70MEDITCBRANEANCANADA SS jjg wm am mm wv Ifu I *«a |wr fsw|afr|gt|F<a|w.c|>rTw IMUN PORTLAND WW37 24 M lIH 11K 12 M 14H 14 M M NZMJOUN WMC37 2* H 12 M M R 19 N lIM "I(|| HNUNSEUMG WQBS7 27 M lIH UN 11 M 171,289 words
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Advertisement521 1999-08-24 26 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMM! S PORE N SHEVA COLOMtO P KLAMG CAPE CANAVERAL V.IIOW 23 AUG 31 AUG 87 SEP 12 SEP TULSIDAS V.113 38 AUG 17 KP 14 SEP 11 SEP TARPON SILVER VIB3W 06 SEP 14 SEP M SEP 28 SEP CANAVERAL V.IIIW 13 SEP 21521 words
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Advertisement1612 1999-08-24 27 VESSEL VOY khh HKQ SIN PKO PQB DXB PMM IBA I BMC IRAN TABATABAEI PCL-5116 18/08 20/08 24/08 25/08 03/09 04/09 09/09 07/09 09/09 (RAN 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 BAABAEI1,612 words
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Advertisement1062 1999-08-24 27 Mrwt Ub lo Koto (6 Pfjjfl 1 (7 Doyi) Tokyo Bajpt. J I S CtNijlM tGtKTSj 10 HOOINSOK DO TIL 226 1900 IttHiaOl OUIWIUIO (lAI *****02 KHtOttOffKl: I IQSTM $HIPWN6 PTI lIP HUI/HOl 4J*****/40 INWARD MPT (D/ 0] *****15 COSTU AGENCIES (M) SDN IND CONWNTK)NAL__ T/SHPMIT DtPT 4205A25 TEL 02-07-351,062 words
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Advertisement1137 1999-08-24 27 iugppt Express sorviq EXPORT IMPORT OWW 3?%0 17/00 20>& OOSf if%» nfL loHo l!fl» lfiL" PEillili ACCTIM GHNOB TO t HOB: I) MM MMMUVH. BOSONL ST nTBSMBt VU HAN 2) MTWW VU IT* 11 g I 1 iRAWawOHC S«KflCt EXPORT IMPORT vcssa IVOT sm iso om ii«nw» vessel Tvor lm1,137 words
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Advertisement1220 1999-08-24 28 I SGP ROM ANW HBG THP ZEE LHV I LHV THP RDM ANW HBG P*L |"sgp" I OELIGHT RW 009 29*8 18/00 22*9 14*9 20/09 M/OO 22/00 E RACER RE-021 21*7 07*B 08/00 0&D8 10*0 2UO 30*j I I "^Pi? RW M 7 23m 20*B 25/09 27/00 21/09 29/09 E1,220 words
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Advertisement395 1999-08-24 28 IrMlm'HUi'Hl M TELOK 6LAMGAH ROM) N2-S2 CmPORT CBfTK STORE MH» TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W vcssa vor. eta fro kstiution IRIMAWA KM 31H8/M PALEMIANG/PKL. lALAM IiMAMUI mm ti/n/M ■mm pontianak IRIMAWA MM 10D9/M 1161*1 MUNTOK •uumui wn 11 mm nmm poktumak Fwami boofctagt395 words
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Advertisement496 1999-08-24 29 jl. mm MYANMA pBBk FIVE STAR LINE (Myoaaar National Lim) Loading for Yangoa (Rangoon) VESSEL VOT SIN PKL PEN PGU SAGAMG WW SU) KENG TUNG 4W SU) MALAYSIA AGENTS: MUSTEAP SHIPPING AGENOES KUL TU (03)*****00 PKL: TEL (03)*****01 PEN: TEL (M) *****02 PGU: TEL (07) *****21/4 BANK LINE (A service496 words
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Advertisement1324 1999-08-24 29 MERCHANT MARINE CO., LTD. jgL _sw sou mTw] wit Imal tv I w~| lygsa voT|sou|tß<|gT»[Mn[Hailw¥| m "aT HVmin SIS nM ,5/W W* **K 0101 04/01 07/01 01/ M 03/01 25/0« SyhSSM now »/2 a* SS4I 02/01 07/01 M/M OS/M M/M mm w/2 7 2,/W Wlr l 04/ M 11/ M1,324 words
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Advertisement923 1999-08-24 29 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE* [VESStI vor RAMP HEIGHT iIN I LAX CRL MIA SAV BAL ORF NTC MEW MOB SSL-. US! 6JM "WoT 21/09 JO/09 03/10 04/10 0//I0 00/10 10/10 14/10 IS/lO TOOtCWWG AHOS 400 lan t.3M 09/09 11/10 19/10 22/10 24/10 26/10923 words
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Page 30 Advertisements
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Advertisement1006 1999-08-24 30 BANGKOK/MAP TA PHUT/ LAEM CHABAWOj JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY S4N JKT PJN ANAN BHUM** 127N In Pt 28/08 UAOHE* 00T~ In Pt 28/08 I ULA BHUM 119N In Pt 27/08 28/06 27/06 GURU BHUM 143S 28/06 29/06 NANTA BHUM" WW 2S/06 26/06 29/06 VIRA1,006 words
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Advertisement539 1999-08-24 30 vessels I voy is* T| phl I jed I mla I leh I rtm I ham I zee MT tanya txim _2mb sane n VHXE DE TAURUS A33W 3*oB J1« <»» "15*5 is£ VIXE D* AQUARIUS U3»V 07/08 wi 2M» 55S s*o SS QOTHpJuwot AND OTHER RJWOPEAW VOY sm PKL539 words
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Page 31 Advertisements
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Advertisement46 1999-08-24 31 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (every mon/wed/fri) EXPRESS SERVICE MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ pb SINGAPORE C 5 (S) M,DOIE Agencies Pte Ltd JH CONTAINER LINE Pg 446 words
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Page 33 Advertisements
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Advertisement49 1999-08-24 33 STE tt Dial 740-6000 on demand! —(Retrieve more schedules!) Press" 1" CT JC\ Select the port and key in '•J the four digit code —eg: To New York (NYC) 2275 Key in your fax number your phone number Another Innovative service offered by The document Will be Shipping Times49 words
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SHIPS IN PORT
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Article734 1999-08-24 35 Vessel Voy No Berth Arrival Departure MMtNntJ ***** J01 23-08-8:15 23 08 M OO St i(8 4269 1)99 J01 23-08 8:00 23-08-1440 B» Satru ***** J01 23-08-840 2348 2040 P»trinundaft2 ***** JO 23-08-8:30 23-08 21:00 Celtic OoipA No*-99 J16 23-08-8:10 23 08 23:00 OcNflwortd 1499 J13 23-08-7:55 23-08-23.-00734 words
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Article1719 1999-08-24 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/B« lance Rstls sh, P Voy No Etb/ttr Perkxl From To From 4ci mnca 0200 24/2300 u 23/1500 21/1454 23/1900 23/1500 23/1459 23/1900 u a/1700 24/0*51 24/0900 2» 23/1700 24/0499 24/0400 MtorwoH 0271 25/2000 U 23/1500 23/1454 21/1400 23/1500 21/14591,719 words
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Article194 1999-08-24 35 Aug 29 Philippines: National Heroes Day. An(3o United Kingdom: Summer Bank Holiday. An|3l Malaysia: National Day. Sepl Mexico: State of the Nation (optional). Sep 0 Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Sep 15 Japan: Respect of the Aged Day. Sep 18 Independence Day. Sep194 words
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Article784 1999-08-24 35 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description at the mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and784 words
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Article478 1999-08-24 35 C*** 180 Mai 990.0 11 175 0.09 72 OA w Dmttr Water IhMiw Art AlMHrtw StO—lit No above £25 0 1 1 0 0 1 ;TmT mo AW 964.8 0.4 14.0 0.07 37 0M turn 300 Mai 1005.0 2.5 18.3 0.13 235 0 06 M/WM %«/M478 words
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Page 35 Miscellaneous
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Miscellaneous126 1999-08-24 35 LEGEND R Thunderstorm Temperature X\ V Shower Weother Wind direction with speed m knots Rom Cloudy Sky Wove height Surface wm<h or* indicated by orrows which fly with the wind One fu. circle represents colm or kght ond vonoble winds One hoH tleche represents 5 knot, One full Heche represents126 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration591 1999-08-24 36 CAL CRASH AT HE AIRPORT Communication between pilots, air traffic control to come nnder focus Reuters [HONGKONG] Crash investigators were yesterday sorting through the wreckage of the China Airlines jetliner which crashed on Sunday to determine why the plane'sReuters; REUTERS - 591 words
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277 1999-08-24 36 Reuters [HONGKONG] The crash on Sunday of a Taiwanese airliner carrying 315 people marked the first serious accident at Hongkong's Chek Lap Kok airport just as the chaos of the airfield's launch last year was fading into memory. The crash comes at a timeReuters - 277 words
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Article, Illustration470 1999-08-24 36 Bloomberg [TOKYOJ Pioneer Electronics Corp and three other Japanese makers of car-naviga-tion systems said they were repairing hundreds of units that malfunctioned after synchronised clocks on a network of global navigational satellites on Sunday reverted to zero. Pioneer, Hitachi,Bloomberg; AFP - 470 words
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Article, Illustration434 1999-08-24 36 Marcus Hand - By\ Marcus Hand (SINGAPORE] Express delivery giant DHL Worldwide Express, which expects the Asia-Pacific air express market to grow by at least 18 per cent annually over the next five years, is investing US$34O million (*****.8 million) in the region to meet demand.434 words
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372 1999-08-24 36 Bloomberg (SEATTLE] More than 2,000 of Boeing's machinists staged a noisy rally near a Seattle hotel where union leaders are negotiating a new labour contract, urging the company to improve benefits and protect their jobs. The rally comes 10 days beforeBloomberg - 372 words
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Article1664 1999-08-24 36 OTY FU6MT ETA RJGNT ETO $026 2355 AAataMa 8A7381 1930 8A7382 2055 RWaafca S0909 1530 $0990 0105 1930 9mm*m S0803 H05 CZ354 0M0 AN8229 2230 C2351 2045 S0004 W20 L $0229 2230 H 0 OJO VN740 1410 Aaatarfca KL843 005 CM72 OOW I I S023 07051,664 words
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