The Business Times, 8 September 1999

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Total Pages: 44
1 44 The Business Times
  • 22 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c S I N G A,P 0 R E Internet: http://business-times.asia! .com.sg/ WEDNESDAY, SEPTEMBER 8, 1999
    22 words
  • 32 1 Dm 2406.42 (+5.64) U ma (+6.47) SMSa FUTURES U 287J0 (+0.50) gjM^UDFTMOODs STOCK MARKET INDICES mmm <mam KMpntf **-»f tM tfyMM 4M1 S^^^rJIiifiaaZZi© —»»S£i SH ■umiiiiw <■«■<■■■*» AWXLLWD-—UHJ 41 »r 2bkjs&
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  • 67 1 FOtEX BATES US$ SI W L0t ipHMpvS) —um sjv7 ■KXlss/S*ik£> nu nm m um7 nit YEN MM If HKS mm Mm MM UM ■hum mm am* SS to JOO units PUB KATES SINGAPORE* M» KUALA LUMPUR 7* JAKARTA «.N BANGKOK MM MANILA J1.M BONO BONG TAIPEI 8J7 SYDNEY JM
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  • 471 1  -  Employers are once again worrying about retaining and attracting good staff By, Audrey Tan [SINGAPORE] Companies fearfUl of losing staff have begun to compensate employees for last year's wage restraint, by increasing salaries and giving mid-year bonuses, a survey has found.
    471 words
  • 751 1  -  Rnpiah hits 6-month low 0f8,300, Bank Bali probe sidelined From Shoeb Kagda in Jakarta INDONESIA'S economic recovery has been dealt a major blow by the intensifying violence in East Timor as foreign investors dumped stocks for the second straight day while the rupiah fell
    REUTERS  -  751 words
  • 810 1  -  Second largest deal by Singapore party after NOL's APL buy By < Conrad Raj [SINGAPORE] Millennium Copthorne, the London-based hotel arm of Singapore's Hong Leong group, has clinched the deal to buy the North American hotels of Hongkong's Regal group
    FILE PHOTO  -  810 words
  • Page 1 Advertisements
    • 180 1 nwiPE Dollar news A burst of explosive buying yesterday afternoon saw the US dollar jump almost two yen, and dragged already weak regional units even lower yesterday. A sustained recovery of the US dollar against the yen will hinge on two pieces of news coming out erf" Japan tomorrow, Ppi
      180 words
    • 12 1 Region feeling heat from rupiah slide, Pg 7 More reports, Pg 7
      12 words
    • 152 1 I would not say HK~] that Thailand would be first In, last out JiyS lam more optimistic than thats Jo««*i StigUtz, Wortd Bank's chtef economist on Thailand's economic recovery JMS ffls immediate neighbours Full report. Fg 14 I !Si? S^ I m to r ■v.. f ht M I Cm)
      152 words
    • 15 1 Media colossus Viacom, the name behind MTV and scaSTUBs37b in stock Full report *9 21
      15 words

  • SINGAPORE AT HOME & ABROAD
    • 456 2  -  Boost from direct investment, which soars 27% from end-1996 to $70.6b to! Eugene Low BOOSTED by strong doubledigit growth in direct investments abroad, Singapore's investment overseas rose 19.5 per cent year-on-year to $147.3 billion at end-1997. Total direct investments hit $70.6
      456 words
    • 329 2  -  By 1 Teh Hooi Ling SINGAPORE Telecom and the Ritz-Carlton Millenia Singapore yesterday launched a unique service which allows hotel guests to be reached on their hotel phone numbers at all times and anywhere in Singapore. The hotel mobile extension service is the first
      SIEW YAW HOONG  -  329 words
    • 168 2 SERVICES in some Keppel Tat Lee Bank branches were partly disrupted on Monday due to "a faulty power card" in one of its computer systems. A spokeswoman explained yesterday that the bank and vendor responded promptly to the computer system problem which started at
      168 words
    • NEWS Roundup
      • 35 2 SINGAPORE and Portugal yesterday signed an agreement to avoid double taxation and to prevent tax evasion. The agreement Is the 42nd comprehensive tax treaty Singapore has signed with other countries.
        35 words
      • 65 2 A NEARLY completed hotel located Within the Joo Chiat Conservation Area, the Venus Hotel, has been put up for sale by tender. The 4-storey, 82-room hotel which sits on a freehold, 7,541 sq ft site near the Eunos MKT Station, is due to be
        65 words
      • 56 2 IN yesterday's report "Rajah Tann set to be second biggest law firm", we were wrong in saying Bernard Rada Barker Pauline Chen is planning to merge with US law firm Baker McKenzie. It should have been: Bernard Rada Partners is planning to merge with Arthur Loke Partners.
        56 words
    • 283 2  -  EYE ON THE ECONOMY Prices By, Audrey Tan EXPORT prices rose yet again in July, but those of key electronic products continued to slide, reflecting both keener competition in the global market and the stronger Singapore dollar. The Export
      Source: Dept of Statistics  -  283 words
    • 334 2  -  But it will slowly move production to lower-cost Indonesia By i Carol Eng HITACHI Chemical Asia-Pa-cific (HCAP) is investing $40 million in Singapore to beef up its production capacity to meet growing demand for printed circuit boards from major
      334 words
    • 521 4  -  The firm plans to sell its policies in 40 Singapore Post branches in 3 years By\ Soh Tiang Keng APART from buying stamps and paying your utility, telephone and property tax bills, you can now buy insurance policies at post offices. This
      FILE PHOTO  -  521 words
    • 392 4 Reporting exercise to be held that day to further substantiate Y2K readiness Bridge News [SINGAPORE] The Y2K critical date of Sept 9 will pose few problems for Singapore's financial sector, with extensive testing already confirming its readiness. Instead, a reporting exercise
      Bridge News; MIEL/ST  -  392 words
    • 386 4  -  MAILBAG Wong Kok Hoi Singapore via Internet JIT appears that the release of government land has been done to minimise (damage to the property developers. The tfllp side Is that future home buyers of iprlvate properties will have to pay curirent
      386 words
    • 492 4  -  Pearlyn Koh Singapore via Internet I read with interest an article on BT Online Personal Finance under the headline "Insurers go all out to court women" on Aug 27. I have sat for my Certificate in Life Insurance, and am currently
      492 words
    • 98 4  -  Chng Peng Ton Singapore CHUAN Hup Holdings' management is to be congratulated on achieving such fantastic operating results in the last two years. It is about time it rewards its long-suffering loyal shareholders by either declaring a generous bonus issue or a bonus dividend. A company
      98 words
  • Page 2 Advertisements
    • 28 2 fc. Talc a A m I QUH nC your He »H| J Your weekly guide to pubs and lounges ill every Friday In The New Paper Fastads fSSt&dkS
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  • Page 3 Advertisements
    • 37 3 It's still about you. '-i?* 4^/\ (fl y stH' s&sti^r .Ty\nf "i)MPm iitw><3s'^L' dV ,-fllv 111 MM 11 -^^IS^H^HKH^SHBBl^ar*tP.* ei'? vßfis& r i -!L'!L" j OP-~. WITH WORLDCONFERENCE, TIME ISN'T THE ONLY THING YOU'LL BE SAVING. V
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  • Page 4 Advertisements
    • 54 4 $> w The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the Properties section (Classifications 402 to 568). Call C.A.T.S. at 1800-737-1166. CATS. Buy
      54 words
    • 10 4 AaUn debt market may get sidelined by Y2Krush,PglO E-mail: btletter@sph.com.sg
      10 words

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  • ASIA ON THE MEND
    • 382 6  -  Minuter dismisses talk that lobbying by some bigger bank groups may raise number to eight From. Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S Second Finance Minister Mustapa Mohamed yesterday quashed rumours that the number of designated anchor banks could be increased from
      382 words
    • 485 6 ODP report, due tomorrow, to show economy shrank 0.2%: survey Bloomberg [TOKYO] Japanese companies spent less on new factories and equipment in the April-June quarter from a year ago, signalling that the economy might have conanalysts said. CapibHPHHi per cent
      Bloomberg  -  485 words
    • 486 6 Rebound in Asian demand, firm US orders lead growth Bloomberg, Reuters, Bridgenews [KUALA LUMPUR] Malaysia's July industrial output" rose for the first time in three months, as a rebound in Asian demand and strong orders from the US prompted manufacturers to expand production. Industrial
      Bloomberg,; Reuters,; Bridgenews; FILE PHOTO  -  486 words
    • 253 6 AFX-Asia [KUALA LUMPUR] The Securities Commission (SC) has been appointed the regulatory authority to supervise and regulate the corporate bond market, the finance ministry said in a statement. "An important determinant of the success of corporate bond market development is the policy and regulatory
      AFX-Asia  -  253 words
    • 323 6  -  By. Larry Wee [SINGAPORE] A burst of explosive buying yesterday afternoon saw the US dollar jump almost two yen, and dragged already weak regional units even lower yesterday, traders reported. They said the US dollar was bought with a vengeance shortly after
      323 words
    • 342 6 AFP (JAKARTA! The Indonesian government has asked donor countries to reschedule US$6 billion (SIIO billion) of debt due in 2000 to a new payment date of 2002, Coordinating Minister for the Eccfliomy Ginanjar Kartasasmittf said. "We have been trying to seek approval
      AFP; FILE PHOTO  -  342 words
    • 547 6 New Budget seen aimed at wooing voters AFP [KUALA LUMPUR] Malaysia will need a stimulus Budget this year to fuel growth and improve consumer demand as the battered economy begins to show signs of recov•ery, economists said yesterday. Economists also said that with an
      AFP  -  547 words
  • Page 6 Advertisements

  • CRISIS IN EAST TIMOR
    • 439 7 Move comes amid mounting calls for international intervention AFP, Bloomberg [AUCKLAND] New Zealand will host an emergency meeting on the East Timor crisis including Asia-Pacific ministers, Britain and the United Nations, Prime Minister Jenny Shipley announced yesterday. It is likely
      AFP,; Bloomberg; REUTERS  -  439 words
    • 433 7 Reuters, AFP [JAKARTA] Indonesia imposed martial law and a curfew in East Timor and freed resistance leader Xanana Gusmao yesterday amid fresh outbreaks of shooting, burning and looting. International pressure meanwhile mounted for a peacekeeping force to end the killing by anti-independence militia
      Reuters,; AFP  -  433 words
    • 329 7  -  Congress expected to resist involvement of US troops From\ Leoon Hadar in Washington US President Bill Clinton and his top foreign policy aides are considering various options to deal with the crisis in East Timor, including the possibility of sending United Nations peacekeeping
      329 words
    • 314 7 US$/S$ unlikely to fall as Indon unit weakens: analyst Reuters [SINGAPORE] The Indonesian rupiah's slide on the escalating violence in East Timor has started to have a mild impact elsewhere in the region, most notably in Singapore. The eruption of violence, which has resulted
      Reuters  -  314 words
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  • CHINA – HONGKONG – TAIWAN
    • 248 8 BEIJING FT CHINA'S finance minister has warned that the government might not be able to put a stop to deflation. Xiang Huaicheng's warning on Monday comes despite the fact that extra spending to combat 22 months of falling prices has pushed the
      FT  -  248 words
    • 400 8 AUCKLAND That could mean pressure on US, Europe to conclude negotiations Reuters APEC senior officials will recommend to their ministers that China and Taiwan join the World Trade Organisation before the launch of the next round of global
      Reuters  -  400 words
    • 302 8 MELBOURNE Jiang Period from now to 2010 will be crucial for reform Bloomberg, AFP CHINA'S economic evolution into an open market system, shifting away from its communist roots, should be complete within 10 years, Chinese President Jiang Zemin said during
      Bloomberg,; AFP  -  302 words
    • 310 8 BEIJING Biggest gain in 20 months may ease devaluation concerns Bloomberg CHINA'S foreign exchange reserves surged at least US$3 billion (Sss.l billion) in July to more than US$l5O billion, a central bank official said, a jump that may ease concern that China will
      Bloomberg  -  310 words
    • 189 8 TAIPEI AFP STRONG demand in Asia and the United States pushed Taiwan's August exports to U5510.73 billion (SIIB.I billion), the highest in 21 months, official data showed yesterday. The figure represented an 11.4 per cent rise over a year ago, against a 19.0 per
      AFP  -  189 words
  • Page 8 Advertisements
    • 101 8 sBBPr I**' SBjp* 1 JjHJjKp^v 3*wttHßßEUm sSolp HH y P HBL* 1 Bi > _£|fej^«Ba3Q^X PJBil ttWBBTOIIMWMErTaM• i n iUfflW i Bpf t y ,yafiJf',-j.^, J* K» J j ---It |^kcw|^^MHHE£goj^&4lH|O^^^^^|H9|^9^QHßML^ j. f Hi Xv< Sjr>r rKrmm^ iS^^Wt^T^B^BiF^^ffillff l^WvmFnlm SMpF WStreM PUp tBJ «BH BH I E/. i 1 >
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    • 260 8 US under fire for free trade faux pas, Pg 9 J MBA for Financial Specialists Manchester Business School The University of Manchester and University of Wales, Bangor School or Accotmmc. Banking and Economics An Information Evening Presented by Professor Douglas Wood, National Westminister Bank Professor, Manchester Business School Grand Hyatt
      260 words

  • ASIA
    • 515 9 AUCKLAND It's angered Tokyo, Australia, NZ over steel, lamb tariffs and farmers' bailout Reuters THE US is finding itself under fire for protectionist policies ahead of this week's Asia-Pacific economic summit, putting a country used to lecturing Asia about free trade
      Reuters; REUTERS  -  515 words
    • 453 9 KOREAN CORPORATE RESTRUCTURING Domestic creditors agree on USs93sm proposal Bloomberg, Bridge News [SEOUL] Daewoo Group's domestic creditors agreed to grant US$935 million (Ssl.6 billion) of new credit to seven affiliates as the ailing group shuts more production lines because suppliers, concerned they will not
      Bloomberg,; Bridge News  -  453 words
    • 418 9 SEOUL Newbridge Capital wants deal by end of month FT, Reuters [SEOUL] Newbridge Capital, the US investment fund, is pushing to conclude talks on its proposed takeover of Korea First Bank by the end of the month. A refusal by the
      FT,; Reuters  -  418 words
    • 319 9 SEOUL Reuters SOUTH Korea's "bad bank", the Korea Asset Management Corporation (Kamco), said yesterday it will be partnering with Lone Star Fund and Goldman Sachs Co to form the country's first two asset management companies. Kamco said in a statement
      Reuters  -  319 words
  • Page 9 Advertisements
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      80 words
    • 139 9 Twilight of the chaebol, Pg 13 I fl a t s fllsn R Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one bedroom
      139 words

  • REGIONAL COMPANIES
    • 511 10 HONGKONG Western debt deals pile up as issuers try to beat expected cash drought Reuters A WAVE of new US and European corporate bond issues, due in coming weeks, could have implications for borrowers in Asia for the rest of the
      Reuters  -  511 words
    • 316 10 SEOUL Commerce chamber's surrey cites stronger yen and Asia's return to growth Bloomberg SOUTH Korean companies are optimistic the economy's swift rebound will accelerate in the fourth quarter, as the stronger yen and a return to growth in Asia fuel demand
      Bloomberg  -  316 words
  • Page 10 Advertisements
    • 176 10 Since our reliable multimedia projectors always work, our expert technical team doesn't have to. But they're constantly honing their skills in other ways, on the slim chance that you may need them someday. Because every 3M Multimedia Projector is guaranteed with on-site support for the entire warranty period. And should
      176 words

  • THE WORLD
    • 514 11  -  Amez bullish on Japan and Germany but not on the US next year From] Neil Behrmann in London PROFITS of companies listed on the three largest stock market areas are on a rising trend. In a study of profitability, American Express
      514 words
    • 497 11 PARIS Bloomberg FRANCE'S economy expanded faster than expected in the second quarter, powered by a revival in exports and rising consumer spending. Output of goods and services rose 0.6 per cent after a 0.4 per cent gain in the first quarter,
      Bloomberg  -  497 words
    • 412 11 LONDON Store thought to be aiming to reach 15% of sales via Internet FT HARRODS, Britain's most famous department store, will this week launch an online shopping service in a bid to capitalise on the explosive growth of Internet retailing. Shoppers will be
      FT; FILE PHOTO  -  412 words
    • 68 12 [PARIS] Italian Environment Minister Edo Ronchi, his French counterpart Dominique Voynet and French Transport Minister Jean-Claude Gayssot pose next to bicycles yesterday in Paris as they announce a "car-free" day scheduled Sept 22. More than 150 cities and towns in France and Italy will take
      AFP  -  68 words
    • 556 12 WASHINGTON Payment will cot BASPs earnings by 15 20%; effect on Roche is expected to be worse Bloomberg ROCHE Holding AG, the biggest vitamins maker, and rival companies including Germany's BASF AG are close to a USSI.I billion (SSI .9 billion) settlement to
      Bloomberg  -  556 words
    • 280 12 NEW YORK Diclitt inapt* 17.6% the tot&l drop for the year to date Bloomberg BILLIONAIRE Investor Julian Robertson's Tiger Management LLC lost 5.5 per cent of net assets in August as some of the fund's biggest holdings US Airways Group
      Bloomberg  -  280 words
  • Page 11 Advertisements
    • 150 11 VWA'^iW.'iViVAVWVWWVWWVVWWVwywvvvv The Pleaeaatest Place la The City. E m "OHMBWW.' •*o •V;T I IBIS KmES jmm- '^EMBBSaSSk'-... iBHP-? L f r .--it;". Billy Bombers has gone a little jazzier with the new and popular Californian cuisine. Complemented by Billy Bombers American Classic. Here you can indulge a touch of swing,
      150 words

  • Page 12 Advertisements
    • 127 12 3^ All The Services You Will Need To Be Right On Cup In The Online World. w Your first break into the online world presents itself .v»tl- s- x p s." to v n» n uji new v.>v a multitude of opportunities. So make every shot .count •'ttniir.-s »nd to
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    • 46 12 l THF WORLD S LEADII\IC W 1 OFFSHORE COMPANY AW) TAX PI AIUIMIIXJG SPECIALISTS 0 I ;:/::v f Bl I m '1 IRII'US '•'rMv v< Hf 11 f s ■y •»-A" >AMim W PE I l/i EL .■> o -,t VC H .h,.. VKoh Su „t 00.,
      46 words

  • EDITORIAL & OPINION
    • 819 13  -  THE BOTTOM LHVE OPINION By i Leon Hadar The writer is BT's Washington correspondent Political thinker Francis Fukuyama is living up to his reputation as America's Big Idea Man. In a new book, he tries to explain that Western civilisation is in the
      819 words
    • 89 13 'Once you realise that it (physics) drives every nation down similar paths. Eventually, all weapons systems will look alike. It has to do more with physics than espionage.' Houston Hawkins head of international security studies at Los Alamos on US allegations that the Chinese stole American nuclear
      89 words
    • 600 13 EDITORIAL Economics is said to be the dismal science. Certainly, many economists have been dismally wrong in their forecasts for die Japanese economy. Until very recentiy, the consensus was that Japan's gross domestic product (GDP) would contract for a third successive year in fiscal 1999 and
      600 words
    • 1156 13 Daewoo revamp is part of Seoul's plan to dismantle the chaebol's business stranglehold NYT [PUPYONG, South Korea] Transported by the whispers of workers and housewives, a sense of impending doom is descending on this auto factory town, whose fortunes have always marched in lock-step with those
      NYT; FILE PHOTO  -  1,156 words
    • 925 13 TkM lor Jakarta to tat fo JUST what motivates the Indonesian government, in the face of escalating violence in East Timor, remains uncertain. But the time has come for others to increase pressure on Jakarta to take, for a change, some honest and effective action. Despite
      REUTERS  -  925 words

  • FOCUS
    • 1520 14  -  Positive signs like social stability and strong political reforms are reasons for the World Bank chief economist's optimism By Harish Mehta [BANGKOK] HOW does the World Bank's chief economist, Joseph Stiglitz, rate Thailand's economic recovery vis-a-vis its immediate neighbours? "I would not say
      FILE PHOTO  -  1,520 words
  • Page 14 Advertisements
    • 122 14 f I. 0 'm x' Risk. Covered by Allianz Group. jj Wherever you are. Whatever you I r I do.The Allianz Group is always on /I /I your side., "S |i m 1 11 event risk Miming into loss. As one of ifie worlds leading insurers our financial is m>
      122 words

  • EXECUTIVE LIFESTYLE
    • 366 15 US OPEN He beats Spadea, Manta to whom he lost in earlier Grand Slams Reuters (NEW YORK] The US Open has quickly become Dutchman Richard Krajicek's forum for exacting revenge on players who gave him trouble at other Grand Slams this year. On Monday night,
      Reuters; AFP  -  366 words
  • Page 15 Advertisements
    • 462 15 Where to wine, dine and entertain...""^ All the fresh oysters you can ear! Help yoursetf at our carving station then feast over a lavish buffet dinner complete with appetizers, salads, soup and tempting desserts. Complement your meal with a specially priced wine-by-che-glass. tfjM Dinner Monday Friday wCjV (jtf Tin* 6.00pm
      462 words
    • 138 15 Create your own set lunch of Continental cuisine with strong French Italian influences. Mondays to Fridays JQD noon to 2.30pm (last order) fly Price: S2B Revolving Reservations: *****58/88 Majukirut 333 Orchard Road, Singapore *****7. Tel: *****11 Hondmoda wi* only #ta fin** ingrad.anh, Mo*ar Chef Y»'i mooncoka moslarp«aces in baoutifcjl gift
      138 words
  • Page 15 Miscellaneous
    • 972 15 CRYPTIC CROSSWORD 26 bureting (8) with the rodents (7) YESTERDAY'S SOLUTION DOWN 14 Id lost oUt 3 learner ■s|t| iIpIeIwIdI ia r esM t-x. from Italy with impassive- fcwhMoMeyNlloysM? 1 Flighty creature ran round ngss 9) lufwl i "o"mßs^lßc[eJd^ *^„rr<r umpe Milileii "MMasw fi|||B§f 4 Scraped a living? (6,3,6) r
      972 words

  • FOCUS: MONEY MATTERS
    • 873 16  -  US$ could rebound on poorer than forecast GDP numbers and BOJ meeting By] Larry Wee [SINGAPORE] THERE was a breather of sorts for the greenback this week, thanks to unexpectedly benign US employment data last week, and a Labour Day holiday on Monday.
      Compiled by BT; Source: Hypovereinsbank  -  873 words
    • 712 16  -  Krung Thai Bank scandal shows that credit crisis has along way to By Thitinan Pongsudhirak The writer is from the London School of Economics and is a regular contributor in IDEAglobal.com's daily client faxes [LONDON] It is now a foregone conclusion that Thailand's
      712 words
  • Page 16 Advertisements
    • 471 16 jfL~ Gear up for 9% p.a.* interest rates on w your Dollar Japanese Yen and make your money work harder r JEr v JSP >***% Lfc: In a Citibank Premium Deposit you have the option of Apr jnf jf investing in two world currencies at the same time. w I
      471 words

  • COMPANIES & MARKETS
    • 547 17  -  Contract manufacturers acknowledge tight supply bat debate rages on on targets By Jennifer Lien [SINGAPORE] The debate on prospects for Singapore's contract manufacturers rages on with component shortages driving the latest concerns. Investors have been volleying views back and forth, following last Wednesday's downgrade of the
      547 words
    • 432 17  -  By* Christopher Tan [SINGAPORE] An $11 million gain from writebacks and compensation helped boost transport group Delgro Corp's earnings to $28.4 million at half-time, from a loss of $3.3 million previously. This was achieved on a turnover of $379.2 million, almost flat from $381.4
      FILE PHOTO  -  432 words
    • 616 17  -  HOCK LOCK SIEW R Sivanithy THAT Wall Street occupies a pivotal role in the minds of local stockmarket players isn't in dispute. Perhaps for too long a time now, plunges in US stocks and bonds are felt painfully here, while rallies
      616 words
    • 172 17 [SINGAPORE] DBS Land has upped its stake in listed Sea View Hotel to 23.08 per cent after buying another 18,000 shares. It said yesterday in a letter to the Stock Exchange of Singapore that its wholly-owned subsidiary, DBS Realty Pte
      172 words
    • 355 17  -  Move comes after selling shiprepair, shipbuilding ops to Keppel Hitachi Zosen By Conrad Raj [SINGAPORE] Keppel Marine Industries is giving its shareholders a bonanza of 89 cents for every share held, following the sale of its shiprepair and shipbuilding operations,
      355 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 434 18  -  CORPORATE RESULTS Results due to rise in home sales, pick-up in hotel business after renovation By < Carol Eng [SINGAPORE] Orchard Parade Holdings (OPH) swung back to profitability at halftime with a $17.7 million gain from an $88 million loss in
        434 words
      • 121 18 Half-timescoreTH As of yesterday, 181 SES-tisted companies had released their financial results for the six months ended June 30,1999. They recorded a combined in group profits, up 9741% over the same period last year. The total included 10 foreign companies listed here. If they were excluded, total profits
        121 words
      • 184 18 [SINGAPORE] Singapore Reinsurance Corporation saw its turnover shrink by 20 per cent, but its interim net profit shot up from $636,000 last year to $5.9 million for the half-year ended June 30. The directors said that turnover suffered because the company's core underwriting business
        184 words
      • 652 18  -  msnxß VUiW US fond buys shares in ST Engineering, Venture Mfg, SPH By' Wong Wei Kong [SINGAPORE] Insider buying outweighed selling last week, led by purchases by the Capital Group Companies, which turned buyer after being a steady seller for several
        Source: Primark ITA  -  652 words
      • 160 18 Bloomberg [SINGAPORE] Tan Chong International Ltd said it has 23 per cent of the Singapore car market, as total vehicle sales exceeded 1,000 for a third month in August. For the first eight months, Tan Chong sold 6,818 vehicles, which it said is
        Bloomberg  -  160 words
      • 121 18 [SINGAPORE] The Singapore International Monetary Exchange said yesterday it will introduce block trading for its MSCI Taiwan stock index futures contracts. Effective Sept 15, this wUI aUow execution of large orders with greater price efficiency, Simex said. At the same time, the minimum aU-or-none threshold
        121 words
      • 447 18  -  Holdings cannot exceed 3% without ministry appro v&l By' Teh Hooi Ling [SINGAPORE] The accumulation of SPH ordinary shares by US-based Capital Group Companies Inc beyond the 3 per cent limit permitted by law has drawn a query from the Ministry of
        447 words
      • 395 18  -  Public gets just 10% of Sesdaq-bonnd group's offer By\ Marissa Chew [SINGAPORE] Electronics contract manufacturer Asian Micro yesterday launched its initial public offer of 53 million shares at 38 cents each. The offer consists of 50 million new shares and 3
        SIEW YAW HOONG  -  395 words
      • 178 18 Turnover up 18% to $106 m; boost from property, construction units [SINGAPORE] Helped by better performance from its property and construction divisions, mainboard-listed contractor Poh Lian Holdings' profits more than doubled to $1.4 million for the half-year to June 30. Turnover
        178 words
      • COMPANY Briefs
        • 54 18 A DAY after announcing that It has signed a memorandum of understanding to buy Golden Harvest, an Aussie property Investment company, Inno-Paciflc Holdings yesterday said one of the oonditiona to the proposed deal cannot be satisfied. Accordingly, Its board has decided not to proceed with
          54 words
        • 45 18 SHANGRI-LA Asia's general offer tor Shangri-La Singapore closed yesterday with the offeror holding shares and acceptances amounting to 148,696,068 shares, representing about 88.5 per cent of Shangri-La Singapore's issued capital Schroder International Merchant Bankers acted for Shangri-La Asia in the takeover.
          45 words
        • 62 18 RECENTLY listed Asti Holdings yesterday reported a net profit of $2.4 million for the three months to June 80. It is also set to launch by the year-end the first semiconductor equipment based on a newly-developed platform. Group turnover came to 18 million. Profit for
          62 words
        • 33 18 FORMER Malaysian minister Ahmad Rithauddeen has resigned as chairman and director of Idris Hydraulic The company's controlling shareholder Ishak Ismail was charged in July for allegedly breaching Malaysian securities laws.
          33 words
    • COMPANIES
      • 442 19 Drop is lower than expected as market share for Mercs rise inHK Bloomberg [HONGKONG] Jardine International Motor Holdings Ltd, which owns auto dealerships in Asia and Europe, said its first-half net profit fell less than expected as MercedesBenz cars increased their market share
        Bloomberg  -  442 words
      • 500 19 It's sold unprofitable bank, gained from oil palm, cars, houses Bloomberg [KUALA LUMPUR) Sime Darby Bhd, Malaysia's sixthbiggest company by market value, likely swung to a profit for fiscal 1999 after it unloaded its unprofitable bank, and made more money from oil palm,
        Bloomberg; FILE PHOTO  -  500 words
      • 431 19 Reuters [HONGKONG] Jardine International Motor Holdings Ltd, distributors of MercedesBenz vehicles in Hongkong since 1954, is having amicable talks with DaimlerChrysler AG about its participation in the Hongkong operation, Jardine's finance director said yesterday. "We are at a very, very early stage of
        Reuters  -  431 words
      • 146 19 Bloomberg (HONGKONG! Pacific Century Regional Development Ltd (PCRD), a property and insurance company that is moving into information technology, sold almost half its stake in China Online (Bermuda) Ltd after the latter rose 43 per cent on Monday. Singapore-listed PCRD sold
        Bloomberg  -  146 words
    • INTERNATIONAL COMPANIES
      • 452 20 Heavy trades force disclosure of talks; exchange probe on FT [LONDON] National Westminster Bank has indicated that insider dealings had taken place in the shares of Legal General (L&G) in advance of the bank's recommended £10.7 billion (Ss29 billion)
        FT  -  452 words
      • 402 20 US group Witkoff is the buyer but terms are not revealed Bloomberg Reuters, [LONDON] Oil giant Royal Dutch Shell said on Monday it was selling its landmark London Shell-Mex House building to privately owned US property group Witkoff Group. Shell UK did not give terms
        Bloomberg; Reuters,  -  402 words
      • 416 21 Largest media transaction creates multimedia and entertainment giant Reuters [NEW YORK] Viacom Inc, the name behind MTV and Paramount Pictures, yesterday moved to expand its media empire with a deal to buy US television broadcasting icon CBS Corp for US$37 billion (5)62.5 billion)
        Reuters; FILE PHOTO  -  416 words
      • 444 21 Machine to challenge rival in ISP market to be launched this month Bloomberg [ARMONK, New York] International Business Machines Corp (IBM) will unveil a powerful server computer for Internet service providers (ISP), its first move to challenge Sun Microsystems Inc in
        Bloomberg  -  444 words
      • 272 21 Bloomberg [MURRAY HILL, New Jersey] Lucent Technologies, the world's largest phone-equip-ment maker, unveiled a line of products that carry voice calls on high-speed Internet lines, eliminating the need for separate lines. "Stinger" lets a phone company give voice calls on data lines higher
        Bloomberg  -  272 words
    • FINANCE & COMMODITIES
      • 601 22 Banks plan to beef op staff as govt prepares to unlock billions of dollars Bloomberg [SYDNEY] Lured by billions of dollars in pension funds, more US investment banks are climbing on the Australian bandwagon. Morgan Stanley Dean Witter Co and Goldman Sachs
        Bloomberg  -  601 words
      • 314 22 It on veils plan to convert loans and bonds into capital Bloomberg [TOKYOI Chiyoda Mutual Life Insurance Co, one of Japan's biggest life insurers, unveiled a three-year business restructuring plan which will convert 50 billion ygh (*****.8 million) ($456 million) worth
        Bloomberg  -  314 words
      • 383 22 FT [ZURICH] Zurich Financial Services (ZFS), one of the world's leading financial services groups, announced plans to expand into e-busi-ness as it reported strong growth in the first half. The group has joined forces with IBM and ChannelPoint, a startup Internet company,
        FT  -  383 words
      • 239 23  -  «imu« Reports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market consolidated yesterday in the absence of fresh leads as WaU Street was closed overnight for a holiday. The violent situation in East Timor also weighed on the market, with investors
        239 words
      • 151 23  -  MSCI Taiwan Mm Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures took its biggest one-day plunge of 12.90 points this month, in tandem with the Taiwan Weighted Price Index, which slipped 184.52 points to close below the psychological support level of
        151 words
      • 250 23 ENERGY REPORT Bloomberg [NEW YORK] Crude oil rose close to a 23-month high after Opec's top official implied that the organisation won't raise output until March, maintaining production cuts that have almost doubled prices this year. Oil output reductions made
        Bloomberg  -  250 words
      • 315 23 Reuters London THE euro was forced lower late in Europe yesterday, sheding a quarter of a cent against the US dollar immediately after Bundesbank president Ernst Welteke said an appropriate rate for the single currency was US$l.O5, below current trading levels. This was a revision to Mr Welteke's
        Reuters  -  315 words
      • Article, Illustration
        1224 23 DfTBRBAint CROSS RATES Sep 7 A$ CS !■> I— Fir P» HK$ mdfatM* Tw m IM MttNfcts Nw S$ »*Bd Sfr KT% *M Hmt US$ Australia 0.960 ft.171 0.612 4.011 1196 1002 28.010 53.102 0.714 7.685 2.447 1230 ***** 25.617 1009 3.887 *****0307 25.018 0.402 0344 Cauda 1042 5.570 0.637
        1,224 words
      • 1684 23 SICOM FUTURES Sep 7 RUMCR (Marts daita? asat SJQpw) RSS 1 CONTRACTS cMtsA*) CtOM VolHM Opoo Moot* j*«b Law Sott (toonat) Infest Oct 99 95.75 MOO Nov 99 9125 350 OK 99 ***** 200 Jan/Mar 00 ***** 300 Apr/Jon 00 109.25 Joi/Sap 00 ***** ISS 3 CONTRACT (US cmts/kq) VolHN
        1,684 words
    • Article, Illustration
      1319 24 AFP TiHamSeog +10J3 HONGKONG share prices rose 0.1 per cent yesterday as a round of profit-taking was offset by rising hopes that China would soon restart stalled talks on its entry into the World Trade Organization, dealers said. "H-shares (mainland China companies) performed better. Some investors are speculating on
      AFP  -  1,319 words
    • Article, Illustration
      493 24 AFP Q Shanghai B Index +OJJB SHANGHAI'S B shares rebounded 2.0 per cent yesterday in a technical correction following a series of losing sessions, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, gained 0.88 points to 44.96. The A Share Index
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  493 words
    • 333 24 AFP □wPlnta -184-52 TAIWAN share prices closed 2.3 per cent lower yesterday as profit-taking eroded early gains on concerns over domestic politics, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 184.52 points to 7,945.76. "The plunge is related to comments by the National Assembly speaker Su Nancheng
      AFP  -  333 words
    • 1665 24 S«M Hmt *h 31 Croup 834 0.05 UMr National 10.53 0.09 A B Foods OS 0.05 ABPart* 339 uncti AstraZanoca 25.18 0.36 A Manet 4 Lakasttr 8.A 7 -0.07 AIM Oomocq 3.59 -0.11 A Mad Zurich 7.94 -0.07 Aml«Ai—mmCoM 43.70 unch ASOA Group Mi unch Bank of
      1,665 words
    • 1510 24 AFP □Mikkdaas -4MI SHARE prices in Tokyo slipped back 0.3 per cent yesterday on modest profit-taking as investors looked ahead to Japanese growth figures due out later in the week, brokers said. The Nikkei Average of 225 leading issues fell 49.01 points to finish at 17,707.50, reversing a 126.52
      AFP  -  1,510 words
    • KUALA LUMPUR STOCK MARKET
      • 7858 25 INDUSTRIALS Cmsmmt prefects 1*99 Last Vel Day Nat Cap Htfli Law Company »djb 'OOP High Law Pit SHI 440 255 Ajinomoto 320 20.3 129.7 174 46 Angkasa 105 -3 16 106 105 1943 404 220 Apollo Food Hlg 330 10 3 330 322 11.5 132.0 294 115 Bar)aya Land 199
        7,858 words
      • 371 25 AFP □Compositelndex -0.04 MALAYSIAN share prices ended marginaUy lower yesterday in thin trading due to profit-taking by local investors. "There is very little going on except for profit-taking. The lack of participation is also worrying," said an institutional dealer at a local brokerage. The
        AFP  -  371 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1998 26 Wi> LMt Vol Day UlllMi Avg *V> La* Mm Company M *or- COOO) H*h Ln Buy*' Mw Mo 1$4 j 3160 *Acar ******1 US) 43.5 -0.5 176 46 42.5 43 43.5 W *1 1 31*4 Acma *OK>724 34.5 -0.5 37 34.5 33.5 34.5 37 36 59 I 1W A*T*«K WO*0607
        1,998 words
      • 193 26  -  WARRANT WATCH -By R Sivanithy THE latest covered warrant to make its appearance here is Goldman Sachs' call on property heavyweight City Developments. which was listed earlier this week. For those who recall, it was offered at 36.5 cents which means at 35 cents now,
        193 words
      • 213 26 -8.78 HOMKOM STOCKS Or Or M W La* W* 0«* Last Oust* M« Oti VH IM M Cap H<» La» »tm C*m—*y U* rOOO» u, -yw CV W $W 365 173 5123 COL (2000) MK 285 id 300 g 17 2JB 9.7 5124 Cathay Pac 20e MK—720 id
        213 words
      • Article, Illustration
        675 26 AFP IHI Composite Index *4J2 INDONESIAN share prices rose 0.9 per cent yesterday as investors bought up selected blue-chip stocks despite concerns over the post-election violence in East Timor, dealers said. The Jakarta Stock Exchange Composite Index closed up 4.92 points to 545.35 on a volume of 574 million
        AFP  -  675 words
      • Article, Illustration
        847 26 AFP flscrlnfei *2J7 THAI share prices closed 0.6 per cent higher yesterday in thin, rangebound trade amid selective buying in banks and finance stocks, dealers said. The Stock Exchange of Thailand (SET) Index gained 2.67 points to close at 426.75. The SET 50 Index was up 0.18 at 29.86.
        AFP  -  847 words
      • 313 26 AFP CI Manila -8.68 PHILIPPINE share prices fell 0.4 per cent yesterday as investors shifted out of blue-chip stocks and into smaller counters, analysts said. The Philippine Stock Exchange Composite Index fell 8.68 points to 2,159.79. Turnover rose to 1.4 billion shares worth 2.5 billion pesos from 598 million
        AFP  -  313 words
      • 377 26 AFP □Composite Index +0.70 SOUTH Korean share prices made only marginal gains yesterday after profit-taking in semiconductors and ex-port-related large caps eroded an early rally fueled by investment trust buying, dealers said. An agreement by creditors on extending one trillion won (Ssl.4 million) in new financial assistance to seven
        AFP  -  377 words
      • 612 26 AFP yiAnOrifairiai *15 AUSTRALIAN shares closed marginally higher yesterday in lacklustre trading, dealers said. The Australian Stock Exchange's benchmark All Ordinaries Index ended the day up 3.5 points at 2,993.6. The All Industrials Index finished 1.9 points higher at 5,153.6 while the All Resources Index added 6.6 points to
        AFP  -  612 words
      • 267 26 AFP THE New Zealand share market fell 0.4 per cent in thin trade yesterday despite bright news from major concerns Brierley Investments Ltd and Air New Zealand. The NZSE-40 Index slipped 8.78 points to 2,141.54 on light turnover of NZ$3B million. W7 *h rww Advantage MOS 1.53 -0.07 28
        AFP  -  267 words
    • 6967 27 Tnui^^oiniaM-jSr^ Or Of M Wt u 2 Last Vai Day Last Ouota DW Dtv Yld Nat Cap A»i -2!* >-»w ItNo Cm—nv If COOP) Mq» Law Bwyar tOf C vr P/E $mS Prtca MJHHNMISTRY 1«2 173 mb 1000 Aetna 50c 125 -2 42 125
      6,967 words
    • 1422 27 52-W* Last Vai Day LaatOwata DH OK YM Nat Cap A^J High Law StNa Company Sat* rOOO) Hlgli Law 8vyar_ Sa«ar Cw P/I Prtca NANUfACTURHN 218 49.5 C 2049 AS Auto M>C 184 CO -2 318 186 182 184 186 10 N 03 210.1 184 137 45 C 2051
      1,422 words
    • STOCK EXCHANGE OF SINGAPORE
      • 351 28 HHZMZmaHBBSl Stock* Vo4wn* •G«nting Int 29,199,000 Ask FoodiProp USS 22.423,000 GoMcn Agri USIOc 11,706.000 SingTel 15c 10,987,000 Hotung Inv NT5 8,884,000 RdylntUSHk 7,453,000 Ejglt Brand Hktgs HK75C 6,444,000 *TanChonglnt50c 6,360,000 GtS Intl Ltd 20c 5,939,000 DrtgonLjnd \0c 5,492,000 StodB I DBS 69,307,642 U06 Foreign 34,871,300 SingTel 15c 34,035,780 0C8C Foreign
        351 words
      • 636 28  -  STOCK KAUBT COMMENTARY Wall Street close sidelines investors resulting in doll session; East Timor turmoil also weighs on sentiment By R Sivanithy THE local stock market again displayed Its inabUity to forge ahead on its own yesterday as prices drifted uncertainly with
        636 words
      • ON THE GRAPEVINE
        • 131 28 OKAY, okay. At some of our reader* pointed out, our report yesterday on James Loh being a "local talent" didn't tell the whole story. Most people who have spoken to Mr Loh, whoee sawiness for trading swaps and other esoteric Instruments Is second to none
          131 words
        • 84 28 IT isn't true that the taxman always take* and never gives back. Over the past decade or so, individual and corporate tax rates were lowered a few times. And at the recent launch of the Inland Revenue Authority of Singapore's Taxpayer Feedback Panel, gueets were
          84 words
        • 116 28 LISTED Isetan has a mid-range feshion line from Spain called Mango, which has proved a sell-out success and led the retailer to act up a boutique to carry tiie brand. And Isetan is dearly going all out to promote the line with advertisements at bus stops near town
          116 words
        • 141 28 TALK is that Malaysia's power company Tenaga Nasional could sustain a foreign exchange loss of about 700 million Malaysian ringgit (***** million) for the 1960 financial year as a result ofhaving swapped some of Its US dollar-denominated loans into yen-denominated ones. According to an industry
          141 words
      • Article, Illustration
        76 28  -  By Wong Wei Kong SINGAPORE Press Holdings shares fell 80 cents to $27.00 yesterday with 679,000 shares traded, compared with its 10-day traded average of 471,500 shares. The stock opened at $27.80 but fell to as low as $26.70 before recovering some ground. The technical charts are still
        76 words
  • Page 17 Advertisements
    • 113 17 r- Formerly a military secret. Finally available to a select few. OFFICINE PANERAI WHERE IDEAS COME TO LIFE. ITALMH MSI«R CXCMXMCt AMD HTIII TICMMOUMtCAI TIME MRIYAUCD rOR* ADO FUNCTION. ♦iAKD-WOOKO MECHANICAL movement. Cam and iniL in stainlcm imt MMMM a otrni or 300 mit»ii (MS nrr). wrr* cnronomitm certificate imwco
      113 words


  • Page 19 Advertisements
    • 170 19 I -'J." 'V- •> yi s y f*'"'.' 5*W% lv; < i P*\ > v 'U V *•^fey-;" 1 f* J <. 4 'I V 5 s J 4 v -1 V 5 *"3y '<"* >**bq| > V cv r '?n i /»< a >44f **Sj £i<V J 7 "<
      170 words

  • Page 20 Advertisements
    • 1528 20 IRISCA INVESTMENTS PTE LTD (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFER FOR FORM HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Introduction On 22 June 1999, the Directors of Form Holdings Limited (the "Company") announced that the Company had entered into an agreement (the "Option Agreement") with, inter
      1,528 words
    • 118 20 Be At The Most Established International Woodworking And Furniture Manufacturing Event WoodmacAs 99 a r The 9th Asian International Woodworking Machinery Forestry Supplies Exhibition Conterence FurniTck flsinOD The 4th Asian International Exhibition of Machinery Accessories for Furniture Production, Upholstery Furnishings 7-10 September 1999 Singapore Expo, Halls 1 2 10:30 am
      118 words

  • Page 21 Advertisements
    • 1159 21 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT To: All Shareholders The Board of Directors of Singapore Reinsurance Corporation Limited wishes to make the following announcement: I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 COMPANY GROUP 1999 1998 ♦or- 1999 1998 +orSS'OOO SS'OOO SS'OOO
      1,159 words

  • Page 22 Advertisements
    • 1519 22 Batteries International Limited (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited ("the Company*) will be held at The Ritz Carlton, Millenia Singapore, Millenia 2, Level 2, 7 Raffles Avenue. Singapore *****9 on Thursday,
      1,519 words
    • 1221 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 M THE MATTER OF THE COMPANES ACT. CAP. 50 AND SAISEI TRAWNG SINGAPORE PTE LTD On Members' Vohntary i irpwi«<—ij At an Extraordrary General Meeting of the Company (My convened and held at 201 Tek* Kurau Road *04-01 Kurau
      1,221 words
    • 10 22 ■ODAY ianhe Zaobao nm-ta-is zn/rtiij^fr SSfSJftDA «ws» Hi #«*a tt£*£t
      10 words






  • Page 28 Advertisements
    • 1664 28 Short of cash to invest? Triple vour cash with our Margin Financing' Call DBS 323-3955 >I<l )USBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING' NOTICE IS HEREBY GIVEN THAT an Extraordinary
      1,664 words
    • 436 28 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS SECTION 227N/REOULATION 57 NOTICE OP JUOICtAL MANAGER TO CREDITORS OF FIRST MEETING Name of Company: D.M.T. InvMtmant APtolM Managers Appointed) Company No. *****1W6K NOTICE HEREBY QfVEN that by an Order of Court dated 30 Auguet 1999 in Originating PetMon No. 38 0f1998.
      436 words
    • 417 28 IN THE MATTE* Of THE COMPANIES ACT AND IN THE MATTER Of CITTAGIO INTERNATIONAL INVESTMENTS PTE LTD (In Mwibw* Voluntary W*iK*ng-Up) NOTICE Of HNAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 3080) of the Companies Act, Chapter SO. a HNAL MEETING of the members of the company wN
      417 words

  • SHIPPING TIMES
    • 300 29 Bridge News, Reuters TRADING was sluggish with the US Labor Day holiday curbing activity, brokers said. However Atlantic Panamax rates remained healthy while rates in the east remained weak. Capesize rates improved again in the east. Handymax rates remained strong from the Continent and Mediterranean/Black Sea. Monday, the
      Bridge News,; Reuters  -  300 words
    • 262 29 taT «f CWT cm»Mlliii L23 0.03 12 CNtfftHu* U4 -0.03 447 CMCOMMMMHt—U3 0.02 28 rrwfit Unas 0-34 until TM GBmowwvjs 0.92 until 0 Mai Sun Hup 0.69 until 279 MCIIX 1|l HK UO until 0 Jaya IM<9ngi 0 95 -002 M Jwanq SNpyard —7.45 *iti> 0 KawalCarp US
      262 words
    • 485 29  -  MPA implementing measures to prevent major shipping disasters tomorrow By] Marcus Hand [SINGAPORE] Major ports around the region, including Singapore, are gearing up to prevent major shipping disasters that could be caused by the computer bug date 9.9.99 tomorrow. Precautionary measures are
      485 words
    • 306 29 Won's decline against yen help ease drop in orders Bloomberg [SEOUL] South Korean shipbuilding orders dropped 1.2 per cent in August from a year earlier, the smallest decline so far this year, helped by the won's depreciation against the yen. Hyundai Heavy Industries Co,
      Bloomberg  -  306 words
    • Article, Illustration
      89 29 [STAVANGER, Norway] Workers of the Kvaemer Rosenberg shipbuilders wharf in Stavanger, western Norway, occupying the drydock area on Monday during a "political strike". Nearly 12,000 Norwegian oil industry workers carried out the "political strike which was announced last month, to protest against a government decision not to begin
      AFP  -  89 words
    • 198 29 Reuters [SYDNEY] Australian dock workers yesterday banned work on Indonesian cargo ships at Australian ports because of violence in the bloodied territory of East Timor. Maritime Union of Australia acting national secretary Paddy Crumlin said the union had stopped unloading all cargo and
      Reuters  -  198 words
    • 700 29  -  STRAIT TALE By I Seafarer WHEN oil gets spilt from ships there is always an acute need for cool heads and sound advice. Tempers tend to get frayed, pressures on the authorities increase, politicians feel pressed to take decisive action. In such circumstances it is
      700 words
    • 137 29 Reuters [COLOMBO] Sri Lanka handed over part of the country's main Colombo port to a private consortium in a USS24O million (Ss4os million) deal under a 30-year lease on a build, operate and transfer basis, local officials said. They said the South Asia Gateway Terminal
      Reuters  -  137 words
    • 841 30  -  LIABILITY FOR LOST OOODS A recent judgment by the Court of Appeal of the Supreme Court of New South Wales has highlighted the fact that shippers and freight forwarders shipping goods to Australia, and their cargo underwriters, may be unaware of their inability to recover damages
      REUTERS  -  841 words
    • 306 30 PACE Englee 13 •AM. 3 ESPUnes 13 MP 12 Emgreen 6 Accord 8 to**"" Ahrenkiei M frctt 13 Append 5 t FrtUnks M AsiaOCl 13 6Unk 4 Austral 8 Gemartrans 6 Avant M Onshpq 13 B'tanqM* 8 GtoryKa* M BSA 7 HaiSunHup 12 BTl 14 Hangli 7
      306 words
    • 19546 37 thebusinesstimes EXPORT ETA ETA Advarttaar Vnul Voyaga TalapKona ETA ETA Advartlsar Vaaaal Voyaga T*flw SIN DhT* Nh* Nama (lumbar Nwnbar SIN DatTn Nan* Nama Numbar ItelWar mtmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmtmtmmmm mmmmmmmmmmammmmmmmmmmmmmmmmmmmmmmmmmmmmm 21/09 WW PIL BUNGA TERASEK 171 45-12B024 To ABIDJAN (ABJ) 2003 Cot# D'lvolre 22/09 03/10 Evargraan itma shun 4*4 tym*n
      19,546 words
    • SHIPS IN PORT
      • 701 43 Vossot Voy No terth ArrWtl Doportwri Iirnjw »<m Jmm TS 07/04/*B 07/04/1640 II Mar Um ***** JOI 07/04/U0 07/04/H40 [Ml upu» [300 JO* 07/04/445 00/04/140 RWIJM JOI 07/04/040 07/04/2040 KIM 77 ***** JOI 07/OMOJ5 07/04/1240 DBM2 OfStM* JOI 07/04/4:50 07/04/12:30 Safer a Sari ***** J03 07/04/1140 07/04/2040 Pi
        701 words
      • 1706 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklno/Bctanc* tstte Ship VoyNo Etb/Btr Ported From To Fron Ml HA/TUS 027* 7/JftOO 04/800 04/1459 *»0 U turn WWI 07/0*00 ALAJUAYA 2 ***** •/»«> OJffiOO 04/W* *r00 2A 04/1700 07/0*59 37.'0*x n 04/1700 07/0499 07/0*00 I 07/0700 97/99* 0 7
        1,706 words
      • 191 43 fcplß Japan: Respect of the Aged Day. Bapis Independence Day. Sap 23 Japan: Autummal Equinox Day. South Korea: Harvest Moon Festival Eve. hpM South Africa: Heritage Day. South Korea: Harvest Moon Festival Eve. Taiwan: Mid-Autumn Festival. Bap 25 Hong Kong: Day after Mid-Au-tumn Festival. South Korea: Harvest Moon
        191 words
      • 787 43 THIS report, compiled by Cockett Murine Oil Ltd. shows price ranee* in US dollars instead of single price* for a more comprehensive description at the market Prices shown are based on averagestzed stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        787 words
      • 422 43 Cjrtaa NO Mai 990.6 OJ M.9 0.09 63 0.05 OmmMv Matar h: lOul Ast AimHa SadMaaat He Am E2S 0 0 0 2= MM 904.0 04 ar 0.07 IK 300 Mai 990J US N.1 0.0 70 0.06 M*n »»A> »Mi w ■»*>« Kb abow 635 0
        422 words
    • AIR & LAND TRANSPORT NEWS
      • 393 44 Combined earnings back in the black at 262 m yuan, thanks to cost-cutting moves Bridge News [SHANGHAI] Earnings at Chinese airlines are showing signs of recovery after a period of downturn. Airline officials attribute the improvement to a cut in the number of flights,
        Bridge News; FILE PHOTO  -  393 words
      • 518 44 Higher spending on planes, business losses erode earnings to NZsso.4m Bloomberg [AUCKLAND] Air New Zealand Ltd, the nation's largest airline, indicated second-half profit fell about 20 per cent, as it more than doubled spending on new planes and took losses from its Australian travel
        Bloomberg  -  518 words
      • 277 44 [SINGAPORE! US express distribution giant, Federal Express (FedEx) has teamed up with Mail Boxes Exchange to offer express parcel services through retail outlets in Singapore. FedEx has forged a strategic alliance with Mail Boxes Exchange to extend the network of FedEx
        277 words
      • 212 44 He cautions against complacency though Asls&Bm profit exceeds target Reuters [MELBOURNE] Ansett Australia, jointly owned by Air New Zealand Ltd and News Corp Ltd, said yesterday it was pleased with its 1998/99 result but saw a challenging year ahead. "Although this year's results are
        Reuters  -  212 words
      • 320 44 FT [LONDON] European airlines appeared to be queueing up to woo British Midland, offering to take equity stakes in the privately-owned UK carrier as it considers whether to join one of the global airline alliances. Air France, the partly state-owned French
        FT  -  320 words
      • 433 44 AFP [BOMBAY] India's state-run domestic carrier Indian Airlines has put off plans to lease nine aircraft this winter, due to lower than expected traffic growth, officials said. Indian Airlines had planned to lease four Airbus A 320 aircraft, while its subsidiary Alliance
        AFP  -  433 words
      • 1524 44 OH FU6H7 HA FUCMT ETD U47S6 1605 LH7B7 2350 M(M* AHPlff WW H24SM K05 K***** 2350 U*301 1850 SO 2007 KOS S***** 2350 M50 UIU73 2355 Ajttt trUm HM3 0435 K1B38 2300 $023 0705 S0328 2325 SOW 1645 $0X0 QMS 6A973 0945 rwrtii CZ351 2045 CZ352
        1,524 words
  • Page 29 Advertisements
    • 18 29 Shippers to Australia: Beware They may be unaware of inability to recover damages from Australian subcontractors. Page 2
      18 words
    • 232 29 China carriers' profits recovering Combined earnings back in the black at 262 m yuan, thanks to cuts in flights, other measures. Back Page rl «a nm Torig Joo Shipping Pte LHIaI WE ARE MOVING TO OUR m NEW PREMISES WITH EFFECT FROM wt 13 September 1999 1 70 Shenton Way
      232 words

  • Page 30 Advertisements
    • 1233 30 I MOUTH AMERICA I I EXPORT I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH 1| WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) r~*m i«t ■—mman «iii vot W Ptoßrml *a«tu wmlomco (omto n(imu|M>wwu| ajuaic ooaotfoaw m; I a/M I n/m m/m b/^l*7m m7h oiTio m7m~ ammsmm
      1,233 words
    • 664 30 UnM #rvKM rapca—ntad /MHIKv hx Mwtw ct Wm n«n*«lr< g< AccrwMad Shipping Aganta. S'pofß National Shfcpmg Aaaoc Mamtwraoftw Singapora FiatgM Forwardare AaaodaOon. Q ULY UNE MALE I VESSEL I VOY I EU Tltt EU P. PANG SPOtE *All Princess lily V 0899 16/09 17/09 26/09 Empress Lily V 0599 02/10
      664 words

  • Page 31 Advertisements
    • 1021 31 TO EUROPE FROM EUROPE vtssa vov arainH«iM»,soiiHiia| [vtssa vor rm um hao m sou fit tw awl NOtOB 011W 10/00 24/00 28/09 01/10 02/10 OMSK S44E 21/00 11/00 If/00 H/00 00/00 api rum. onw 13/00 »/09 02/10 05/10 20/00 hyfboal *****0/01 21/00 m/ob 11/oa 11/00 HY COMMOOOti J2IW 16/09 00/10
      1,021 words
    • 1960 31 ®HANJIN SHIPPING iICF| LftMpU> >SMi H7T* HAIUM SMffMC (S) PTIITO b*. w. HOOK SMfi232o22* 731 DOCUKHT ********** OrOATIONS ********** MM UK *****55 HI 222M44 dtt *****13M0M TO NW USA CANADA USA OMttA* ;T r* vu/vot rsr|~s iminam/voyi su tmDO pmoo r~S? m mt mm ST" MM ra m m HIBIZAKTNO4X
      1,960 words
    • 241 31 rasa wr_ mm a j«_ ja_ jm_ k»6 pF I 1 I^-r^ —rglio!wt i^wl MTCNMaaw tie turn urn Tia mm \im tvw \im i»/w 11|| TBi tgiiiMj AaMAflttM n€ iMt ii/w ivw \im pit 117/BI wfi Hjj MKIttM _»m_ JW» J7/W W* 1 1 imscwa as nm ivw m ivw
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  • Page 32 Advertisements
    • 1465 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDFIERRANEANCANADA wa wy IT" lbi urn mm mm mm> m ntna vot w hit »n rot mc mim HMUM COUNMO NSW 17 H 24 M MM MM 21 21H MM fOOFKSBMTOR MMW MM M M 21M MM til MM HAIUM SAVANNAH M7MV 1(M KII Ol*
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    • 965 32 MAC-NELS S PORE M SIA Cantor: MM COUTH LINES, MC p. guoanq: (07) *****26 l-iy/V" J 8BU: (004) *****9 MAMLA: (632) *****24 PEHANOrfM) *****36 BANGKOK. (662) *****67 SURABAYA: (31) *****11 P- KELAMQ: (03) *****77 JKT (21)*****46 KUCHNO (088) 0601-8 PIRAEUS/GENOA CALCUTTA MV "CT NOBILITY V.9129 MV "SEA SUCCESS'' V.2OSV ETA
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  • Page 33 Advertisements
    • 1584 33 [VESSEL VOY KHH MHO SIM PKQ PQB PXB PMM BA BIK IRAN TEYFCKJRI PCL-5118 01/00 03/00 07/00 00/00 17/00 18/00 10/00 21/00 23/00 IRAN BAAKERI PCL-5110 00/00 10/00 14/00 15/00 24/00 29/00 20/00 20/00 30/00 IRAN SHAHRYAR PCL-8120 15/00 17/00 21/00 22/00 01/10 02/10 03/10 00/10 07/10 IRAN RAABAEI PCL-5121
      1,584 words
    • 1888 33 MrMt Cdb to Mm (i NyiJ Nogoyo (7 Days) TokyoFfl D ®T«lj I SINGAPORE'S GENERAI AGENTS: 80 RORINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SNIPPING PTE LTD #12-00 saus/mgs 42osis7/m inward dim (D/o> *****1s COSTAK KfNCIIS (IK) SN MD CRNQ:**********0M SINGAPORE *****8 CONVENTIONAI *****50/55 T/SNPMT PfPT *****25
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  • Page 34 Advertisements
    • 1226 34 S SBP ROM AMW HBG TUP ZH LHV I LHV THP ROM ANW HBG PKL I SGP I I OMMTY RW4I2 12*1 SMI N/11 K/11 04/10 IS/11 N/11 E ROUND REO34 11*1 71/ M 21/ M 7VU 74*1 12*9 13*9 ■E. OYMMHC RW-MI 19*9 17/11 13/11 M/ 11 11/11 12/11
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    • 642 34 rggsgpf PACIFIC INTERNATIONAL UNES (PTE) LTD 140 Cecil Street #03-00 PIL Building, Singapore *****0. CR NO: **********06 I Im m m m sr» now MMI HI fI6 |Ml I mm jm /A-X- m r B T WWMTHUBU? 305 14/» 20/0 l/H 4/11 12/10 jt/jn II- Mi mi in Mi 1
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  • Page 35 Advertisements
    • 445 35 BSA A| %HHft MYANMA üBBk FIVE STAR LINE (MytHMr Natio«ol Um) Laadiag for Yon§»n (Rangooa) vissa vot sw pu pen ran KING TUNG 4W SU> SAGAM6 42W SIN MALATSIA AGOfTS: OOUSTIAD SMPPMG AGENCKS KUL TH (03)*****00 PKL TH (03)*****01 ret m (04)*****02 PGU: Til (07) *****21/4 BANK LINE (A strvk*
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    • 1184 35 HMNEHYUNDA^IERCHAN^AARIN^Oj^^D^^^^^^ Ivesa ¥OT|aNisou|UM|roi|MiT|HMi|tv|w| \rnsa. vor son I i» hm I ant nam oiv a sm i am sssw 00/w 27/00 «/10 20/00 x/vt monemsa »«/0023/0017/00 io/m 00/ to noleb aim 10/ M oi/io 02/10 »/o* 20/09 oanum mk u/m ii/wu/m i*/oo o»/o* An run onw u/oo j*/o*jo/o» oi/io os/io mtfbhui
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    • 890 35 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA 'CAR RORO HEAVYUFT SERVICE* VPSE VOY mtf HBGHT SIN LAX an MLA SAV IMI 1 Otf |MTC WW MOO TOUKOWG AMOS 400 4JM 10/09 11/10 19/10 22/10 24/10 29/10 WTiTooTfi TAPKNA AHM 400 iHt 4JM 24/09 25/10 03/11 04/11 01/11 10/11 11/11 13/11
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  • Page 36 Advertisements
    • 1616 36 mM9KaWMA*TAPmniU*MGHAMUm\ JAKAWTA/yAHJAHO VESSEL 1 VOY SIN BKK MTP LCH VESSEL VOY I B>N JXT I PJN NAWTA BHUM" 462H In Pt 11/08 12/09 QURU BHUM 1468 In Pt 12/08 YANTRABHUM 307N 08/08 12/08 11/08 VWA BHUM 2T78 In Pt 10/08 12/08 KOTA HAHTA HTAOBI 08/08 12/08 QUBU BHUM 14gy 10/08
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  • Page 37 Advertisements
    • 35 37 Calling More Than wmmw 1 500 Worldwide Destinations. Find out more on Pg 13 For Complete •US WEST COAST Schedules middle east INDIAN SUB-CONTINENT Information Pg 7 Daily Turn To Pg 5 D'OCEAN UNES I
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  • Page 39 Advertisements
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      47 words

  • Page 40 Advertisements
    • 148 40 (FOREST PROOUCTS S£RVKE) (Sem-Coo Service For OirktmM lsknd Fremandr Coco. Ukndj EUROPt StRVKE I "Aho call other wtrt Australia ports subject to indnccmnil UW SXN KKU TMA vissa VOY. SM ai FN. COS MMSIBUV3U SAME) SAHiD SUB) THOt KIRSTEN 4250 SAILED SAILED 14/04 24/01 lOAOWO w»: THOOKKSTEN 4350 W/W 03/10
      148 words
    • 165 40 I TXHmbM B shippihq linei^.#iijjill^■iviMi illaalkltMiHl LIBYA TOMUQ MNOHAZI MISURATA TIIKU LuuJ nssa mi voteo |sw i rts lon kbb boh Imi w I b m in man sin stkuustb ivw is/w a/w MM vm «/i» ffl n/it iz/ii gg» SIM HTM MM ?1/W n/W H/1I m 14/11 11/lt IVl>
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    • 87 40 FOW TIMS/ WW SJUUMtS: P. WMW/SMMTOti SOUTH BOWD 1 *558. wr rmm m ffigj a -SBS—BSfr jumi nm— nam lulbil mm* m jisse mm Eg! iss EH —numiiic fcfl ~wm wgran ~K»m "■SKI VTBi mWt iSwwii ■ran ma twtw wiliS CONVDmONAI SHVK3 «5R iwr lailßMl a»| BMIBH SMAMi ■MU9«v an
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  • Page 41 Advertisements
    • 480 41 jjj y|y i n ."111 1 11 EE BC s ZSZ SAMUDERA SHIPPING LINE LTD =3g INTRODUCING OUR ap NEW SERVICE H GUDANG g£= EE EE EE First sailing MV Twadika V.422 S fiete 12/9/99) ggS Sailings every Sun Tue Wed EE Frf (4 sailings weekly) :zs^z. □E 3E EE
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    • 745 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO rtc six mt _ow rpo <ju iow j haT~I nw. oot an kw _jml ww hq#h noahoa itrnZL JIM. JtZSI -54jf ?!<!! I S<l? 1 11KI11 -IZZLL _aZLL -2iZLL JtZU: .ftftZll- 17/1Q /1 Q 07/11 21/10 1 PT/I 1 I lz/11 I
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    • 429 41 I U lnN7l t I rasa vor sana am mmam SwCMM 10/99 M/W 08/09 DM/P IM/ lta»S»2? 3/99 08/09 08/Df So 6* Oiaiwhijßi 8/** 10/09 11/W IfcwSwß 5/99 10/09 11/W Uh Dm Dm ld/99 14/09 15/09 taa/tuO* Go* fa 7/99 14/09 IS/09 Safe* UhmStv2o 3/99 15/09 16/0* Mf 111 ik
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  • Page 42 Advertisements
    • 476 42 I VESSEL VOY SIN MAA SIN TEMA 99/11 12-12/09 17-21/09 26-27/09 TIGER SEA 733N 14-15*09 19-23W8 27-2809 TIGER BAY 734N 17-1809 22-2509 3001/10 I TIGER ISLAND 735N 20-21/09 25-2809 03-04/10 TIGER PEARL 736N 23-24AJ9 2941/10 0647/10 I TIGER SEA 737N 27-2809 02-WlO 11-12/10 IVESSE^^^VO^^SI^^CA^^SI^^I TIGER STREAM 393CN8 10-11/09 15-2009 26-2709
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    • 932 42 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesinOsin9nat.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 XINGANG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING PROJECT SHIPMENT HEAVY LI FT CARGO
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    • 930 42 IOOCL (frnqopore) Pte Ltd CPS Kappei 05 dak St OQC Or #42-00 *****13 *513 #01-121 II QNO **********0N W: 272 7127 m—Oßf M *****03 F«k 430 2904 f*x: 272 7025 XJ[ Container Line •"*■7 (Malaysia) Sdn BhdlbflNoc *****244 of yV KUUNGJAYA kt 03-754 777* Ft*: 03-754 4457 liRB PBUNG U;
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  • Page 43 Miscellaneous
    • 123 43 LEGEND R Thunderstorm Temperoture 'q Y Shower Weother Wind direction with speed m knot* ee Roan Cloudy Sky Wov# h ht Serfoce winds ore mdicoted by arrears wtodi Hy with ttte wind One Ml circle represents colm or kght and variable winds One holt Heche represents 5 knots L» One
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  • Page 44 Advertisements
    • 185 44 By Appointment of TKC Joint Venture JH |pP Surplus Construction I Engineering Plant, Equipment and Materials Vtnrtng: Tw« 14Bi iWM IM> SapMabor, 10am -12 noon and 2paa 4pn JfttfeSZl for prtof appetaMart an*) Sato Starts 10am on Thursday IMh September Location: TKC JV Site, No: 10 Lido Beach, Ting Kau,
      185 words