The Business Times, 9 September 1999

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Total Pages: 44
1 44 The Business Times
  • 13 1 ffHEBUSINESSTlMES MITA (P) 046/12/98 85c SINGAPORE Internet: httpiTybusrness tirnes.asia^com.sg/ THURSDAY, SEPTEMBER 9, 1999
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  • 58 1 2 BT-SRI MM (-0.16) Sanamußß MM (-210) Qj MARKET HOOD: ST0G1 MARKET HOKSES Wednesday Clung? KTSE COUP 766.16 +122 NIKKEI 17JM1J8 4111 HANOSENQ 13JK6J3 SET INDEX .42 LM -III JAKARTA OOMP —62U2 -24.72 MANILA OOMP _2,W6i8 *71 TAIPH WPJ IJfoM +27.64 880ULOOMP 336.93 AM CiaACWNAB M4J2 4.16 AUST
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  • 522 1  -  Sources say electronic trading reduces need for additional space By i Catherine Ong [SINGAPORE] A property investment of more than $200 million in 1994 by the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (Simex) is proving to be
    522 words
  • 530 1  -  It's wary residential property price surge may ignite inflation From, Neil Behrmann in London THE British central bank surprised analysts and disappointed businessmen yesterday by raising interest rates by 0.25 percentage point to 5.25 per cent This was the first rate rise since June
    530 words
  • 532 1  -  Fond is substantial shareholder in six listed companies By' Wong Wei Kong [SINGAPORE] The Capital Group Companies, the US mutual fund that has come under the spotlight after its holdings of Singapore Press Holdings shares crossed the
    532 words
  • Page 1 Advertisements
    • 97 1 DfSTOB Malayan Banking reported a higher-than-expected net profit of almost one billion ringgit for the year ended June 30, 1999, exceeding market expectations, Pg22 PffMiml MM OTMVNi Australian High Commission Murray McLean is a consummate host with a house to match, Pg 18 i Inrtfth Residential property rentals in T/wiHnn
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    • 116 1 W W buying K[ 1 A A I A M; |L I A A&l IB Iki V IkJ I |m| II tips HLJ newly-weds (avan If 9.9.99 Isnt your big day) JKKw MKW JKttm mKKW EXECUTIVE SUITE PB 11 j I IJESSOM FOR S^PORE^S Available at: Cortina Watch Centre SINGAPORE
      116 words
    • 28 1 j- <; -ii..- t N Arid how will the four-nines glitch affect i the business i Viv world? ■P. 2 SPH reverts to Mita on Capital's holdings, Pg 21
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  • SINGAPORE AT HOME & ABROAD
    • 726 2  -  It's powering e-commerce in art works by combining Asia's low-cost labour with Web's global reach By i Catherine Ong FANCY having your photographs turned into oil paintings by artists in Bangkok and Bali without actually flying there? Or bidding
      CHRIS LOH  -  726 words
    • 297 2  -  Competitiveness of HK under threat, says consultancy By: Eugene Low WHEN it comes to implementing change in the workplace, Singapore companies are ahead of their Hongkong counterparts, a new report by consultancy Watson Wyatt Worldwide shows. While around 80 per cent of the companies
      Source: Watson Wyatt Worldwide  -  297 words
    • 489 2  -  By] Marissa Chew THIS weekend will see the first two post-Ghost Month property launches at Hilltop Grove and Casa Rosa, while Balmoral Haven's site will be tendered out. Hilltop Grove, a project by Asia Food Properties at Hillview Avenue, will be going
      489 words
    • 288 2  -  ETE ON THE ECONOMY GDP By Andrea Tan OVERSEAS Union Bank (OUB) has more than doubled its Singapore economic growth forecast for the full year from 2.9 per cent to 6.1 per cent. The official estimate for 1999 had been revised up from between
      Source: UOB  -  288 words
    • 442 2  -  Key govt, infrastructure providers will stay vigilant, says NCB By Raju Chellam ITS not the end of the world yet, but today could be the end for some computers as system dates mark four nines 9.9.99 the traditional end-of-flle marker in older computer
      442 words
    • 292 2  -  From Surinder Singh in Sydney AS 9.9.99 drew nearer in Sydney yesterday, the staff at the OCBC Bank's branch here were busy gearing themselves up for a "wellness" check of all their operating systems. Head of the Sydney branch's operations and administration department, Lim
      292 words
    • 270 2 ALMOST half a million CPF members have invested a gross $24.4 bUlion of their savings under the CPF Investment Scheme. The figures, as at Dec 31, 1998, were given in the CPF Board's latest annual report. During 1998, $8.5 bUlion was withdrawn under the public
      270 words
    • NEWS Roundup
      • 50 2 THE ban on import of milk and milk products from Belgium has been lifted because the government is now satisfied the dioxin contamination in Belgium did not affect the dairy farms there. But pork, chicken and eo§ from Belgium wUI continue to be banned.
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      • 26 2 PARLIAMENT was prorogued yesterday. The new session of Parliament will be convened with the new president's address on Oct 4.
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      • 42 2 PROFESSOR Brian Lee of the Nanyang Technological University has been elected vice-preekftent of the Institution of Electrical Engineers in the United Kingdom—the first Singaporean and first non-British resident to be elected in the institution's 128 years.
        42 words
    • 885 3  -  APEC MEETING But worsening E Timor crisis may set back gains made in last two quarters From Yang Razali Kassim in Auckland NEWS of the regional economies turning around is giving the Apec summit, which goes into full swing next week in Auckland,
      REUTERS  -  885 words
    • 271 3 THE managing director of Auto Asia, David Koh, was arrested yesterday, sources said. Auto Asia has been under investigation by the Commercial Affairs Department since last month, after buyers lured by its offer of "166,800 guaranteed" certificates of entitlement found that the company could not
      271 words


  • ASIA ON THE MEND
    • 477 4  -  Baht, peso hit new 1999 lews, nqriah fells more than 3% on Timor worries By] Larry Wee [SINGAPORE] Banking and political worries ravaged weaker regional currencies again in Asia yesterday, sending the US dollar to a fresh four-month high of 8,600 rupiah and to new
      FILE PHOTO  -  477 words
    • 213 4 AFP [TOKYO] Japan will coordinate intervention in the foreign exchange market with other governments to stop the yen rising if the "situation requires", a senior government spokesman said yesterday. "Abrupt fluctuation of the foreign exchange market is not desirable and the Japanese government
      AFP  -  213 words
    • 303 4 Using yen as anchor unit will insnlate region from US policy changes, he says AFP [KUALA LUMPUR] Malaysia's central bank chief has called for a greater Japanese role in promoting further interna tionalisation" of the yen to make it Asia's anchor
      AFP  -  303 words
    • 274 4 Reuters, Bloomberg [BANGKOK] Thai Prime Minister Chuan Leekpai reiterated yesterday that the Thai economy had shown encouraging signs of recovery since early this year. But Industry Minister Suwat Liptapallop warned at the same time that surging oil prices threatened to stall the recovery
      Reuters,; Bloomberg  -  274 words
    • 414 4 Case has dragged on for too long, cost too much: BI governor Reuters, Bridge News [JAKARTA] Preliminary results from an investigation into alleged insider trading in the shares of PT Bank Bali will be given to Indonesia's Parliament next week, the head
      Reuters,; Bridge News  -  414 words
    • 265 4 Bridge News [HONGKONG] Salomon Smith Barney said that it expects Moody's Investors Service and Standard Poor's to change their outlooks on Malaysia's sovereign rating to positive, largely because the agencies think Malaysia can absorb the capital outflows resulting from the expiry of the
      Bridge News  -  265 words
    • IN BRIEF
      • 73 4 Bernama [KUALA LUMPUR] Arab-Malaysia Group which has repaid400 million Malaysian nnggit (SI1T8.2 million) cm it»RJ«fl-7 billion recapitalisation Ainde received from Danamodai National Berhad plans to make another RM500 million repayment soon, said AMMB Holdings Bhd chairman Arman Haahim. "The money will oome from our own
        Bernama  -  73 words
      • 62 4 Bloomberg [BANGKOK] Staporn Kavltanon, secretary-general of Thailand's Board of Investment, said he was informally approached by Finance Minister Turin N immanahaeminda to become the new chairman of state-controlled Krung Thai Bank, Bangkok Post reported, citing Mr Staporn. He said he would consider the
        Bloomberg  -  62 words
      • 87 4 Bloomberg [SEOUL] Cho Hung Bank, South Korea's sixth-largest commercial lender, said it plans to start a US$l billion (Ssl.7 billion) overseas share sals this month, even as tbs government struggles to contain the ftdlout from the debt crisis at Daewoo Group, one of
        Bloomberg  -  87 words
      • 61 4 AFP [BANGKOK] Thailand's financial sector was cast into fresh gloom yesterday after a central bank warning that 100 billion baht(Bs4J) billion) was needed to cover loan-loss provisions by the snd of next year. Bank of Thailand governor Chatu Mongkol Sonakul was quoted as
        AFP  -  61 words
  • Page 4 Advertisements
    • 635 4 "The Green Facade Design and its Breakthrough Technology" J SEMINAR JygjSsf Mr Paul Noritak» Ting* Mr John CoUn Aerry President Director Kenzo Tange Associates (Japan) Arup Facade Engineering (Australia) "facade Design Towards the 21st Century" "Cladding, Glazing and Energy-The Demands for the Next Generation of Buildings" Mr Paul Noritaka Tange
      635 words

  • CRISIS IN EAST TIMOR
    • 743 5  -  Stocks plnnge 4.5%, rnpiah breaches 8,600 on rumours of coup, Habibie resignation From I Shoeb Kagda in Jakarta FEARS of a possible military coup, and rumours that Indonesian President BJ Habibie had resigned in the face of international pressure to restore order in East Timor, continued
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    • 340 5 Bloomberg [JAKARTA] Indonesia will cancel a 1969 agreement with Australia for the joint development of oil and gas in the Timor Gap when East Timor becomes independent, said Indonesia's Minister of Mining Kuntoro Mangkusubroto. "The treaty is between the Indonesian and the Australian
      Bloomberg; REUTERS  -  340 words
    • 479 5 UN pulling out of Dili today; Habibie cancels Apec trip Reuters [JAKARTA] Indonesia rejected yesterday international calls for early deployment of foreign peacekeepers in East Timor, where the capital Dili burned and more than 1,000 terrified refugees were holed up in
      Reuters  -  479 words
  • Page 5 Advertisements
    • 56 5 Louis Vuitton. Shoes for men and for women. The first Louis Vuitton Shoe Store in Singapore is now open, offering the latest collection of shoes, distinguished for their modernity, style and elegance. I I lIQ I ||TT^^|Vl Store address :01 -09 Hilton Hotel Shopping Arcade, 581 Orchard Road, I O
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  • CHINA-HONGKONG-TAIWAN
    • 236 6 TAIPEI AFP ROBUST exports and expanding domestic demand could boost Taiwan's economic growth rate to 6 per cent this year from an earlier target of 5.74 per cent Stronger overseas demand and vigorous domestic business activity have improved the economic outlook, the Commercial
      AFP  -  236 words
    • 573 6 CANBERRA China president signals change in strained ties with Washington Reuters CHINESE President Jiang Zemin, signalling a turning point in shattered ties with the United States, said yesterday he would discuss China's bid to join the World Trade Organisation
      Reuters; REUTERS  -  573 words
    • 419 6 XIAMEN Move aimed at stopping 8-month slide in investments Reuters IN an attempt to reverse an eight-month tumble in foreign investment, China said yesterday it would broaden tax breaks and preferential policies for foreign invested enterprises. The policies, announced in a speech by
      Reuters  -  419 words
    • 312 6 HONGKONG Move comes as HK investors pile into Net-linked business Bloomberg HSI Services Ltd, which compiles Hongkong's Hang Seng stock index, is looking to create an index to track high technology companies as they've started to dominate recent trading in Asia's
      Bloomberg  -  312 words
    • 130 6 BEIJING AFP CROSS-STRAIT economic relations will remain unscathed despite deteriorating relations between the mainland and Taiwan, a senior Chinese official said yesterday. "We'U stick to what (Chinese) President Jiang Zemin said, that economic exchanges across the Strait should not be affected by any differences," Wen
      AFP  -  130 words
  • Page 6 Advertisements
    • 991 6 T PAN PACIFIC PUBLIC COMPANY LTD 1 ft (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING J I NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of PAN PACIFIC PUBLIC COMPANY LTD will be held at No. 16 Fan Yoong I I Road, Singapore *****3
      991 words
    • 932 6 c NOTICES To advertise call to'! 'ree 1800 741 1883 Fax Mo: 741 1298 IN THE MATTER OF THE COMPAMES ACT. CHAPTER 90 AND MTHE MATTER OF RANDU MAS PTE LTD BCMBnW VOLUNTARY WBONQ UP) r a j|. Hi I. m fcJttroxorwy MMung Of Id cbowiMMd Pimnnny dMinsd lo haws
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    • 291 6 M THE MATTER OF THE OOMPANES ACT, CHAPTER SO AND M THE MATTER Of VAMA PTE LTD (MEMBERS' VOLUNTARY VMNDMG UP) M an Ci—minwy Qenant Meeting oI too aboeanamed Company deemed to bene been heU en 31 Auguet ISM. the RESOLVED:- (a) That toe Company be anund up lulantoiSj peraaart
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  • ASIA
    • 390 7 KOREAN CORPORATE RESTRUCTURING He is said to have rigged share price of Hyundai Group's electronics unit AFP [SEOUL] The chairman of South Korea's top securities house faced arrest yesterday on charges of rigging the share price of the giant Hyundai Group's electronics unit, television
      AFP; REUTERS  -  390 words
    • 272 7 SEOUL Bloomberg, Reuters THE ratio of promissory notes in default in South Korea's capital city jumped 14fold in August from July, because of financial troubles at Daewoo Group companies, the nation's second largest conglomerate. The ratio, a measure of corporate solvency for Seoul, where
      Bloomberg,; Reuters  -  272 words
    • 295 7 HONGKONG Govt wants to nurse bank to health before sale; Morgan Stanley Bloomberg SOUTH Korea is ready to start talks with new potential buyers of Seoulßank, one of the nation's 10 biggest lenders, after HSBC Holdings pic abandoned its takeover bid last month, the
      Bloomberg  -  295 words
    • 331 7 TOKYO He's to announce candidacy today for LDP leadership race AFP JAPAN'S Premier Keizo Obuchi will vow to achieve annual economic growth of more than 2 per cent in his campaign pledge for the ruling party's presidential elections, a daily said yesterday.
      AFP  -  331 words
    • 142 7 AFP [TOKYO] Japan's Eisuke Sakakibara, a top government economic adviser better known as Mr Yen, quit the finance ministry yesterday to take up a teaching job at a prestigious Tokyo university, a ministry spokeswoman said. Mr Sakakibara, who earned the nickname for his influence on
      AFP  -  142 words
  • Page 7 Advertisements
    • 71 7 Y NAME CHANGE NOTICE gra mm Cigna CIGNA Insurance Singapore Limited is pleased to announce that with effect from 9th September 1999 we are now known as tm ACE Insurance Limited As ACE Insurance Limited, we remain committed to serving the needs of our policyholders as we have been doing
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    • 78 7 --T- j tl* \r r fyv We Wrote the Book on Business Gifts Classic Tiffany designs presented fx in the famous Blue Box are RJ^A 1 Tf your assurance of excellence lUr I j ll'ff *l>Sn and satisfaction. To request your rj Jlw/ complimentary business gifts catalogue or to apply
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  • APEC MEETING
    • 1459 8  -  Grouping's task is to help ensure that a new, global trading system under WTO will not only be freer, but also fairer and safer for weaker trading nations By' Yang Razali Kassim The writer, BT's regional analysis editor, is in Auckland to cover the
      FILE PHOTO  -  1,459 words
  • Page 8 Advertisements
    • 148 8 PHPm H Made of high impact resin thafs built to last Rust-proof with no motal parts All-weather resistant Made in Europe «S > Dim.: 46cm x 92cm x 183.5 cm Holds up to 450 kg or 90kg per shelf Ideal for your garage, store-room, also iMS «Tlf Usual: V 69.95
      148 words
    • 134 8 It's time to get a drink, go dancing, listen to the latest hits The* and catch the hottest bands in town. It's all happening in m AFTER 5 in The New Paper Fastads. {W fk W7 This specie, focus, pushed every Friday, provides The New Paper readers with a comprehensive
      134 words

  • THE WORLD
    • 463 9 GRAND RAPIDS, Michigan Growth of technology has boosted productivity, shows few sips of slowing Bloomberg FEDERAL Reserve chairman Alan Greenspan suggests the US economy's near-record expansion could continue, thanks to advancements in information technology. The growth of such technologies as integrated circuits and improvements in
      Bloomberg; FILE PHOTO  -  463 words
    • 629 9 WASHINGTON But Fond also sees faster global growth as Asia rebonnds AFP, Bloomberg A SLOWDOWN in Wall Street's spectacular bull run is increasingly likely and could shake the global financial system, the International Monetary Fund (IMF) said yesterday. "Although a correction in
      AFP,; Bloomberg  -  629 words
    • 345 9 WASHINGTON FT ECUADOR'S decision to become the first country to default on Brady bond debts to international creditors has sent a shiver of anxiety through global markets. Economists say that the default of US$96 million (*****.6 million) interest payments on US$6 billion
      FT  -  345 words
    • 312 9 NEW YORK Reuters US oil firms' shares gained ground on Tuesday after crude prices shot to nearly two-year highs on fears that a potential workers strike in Venezuela could threaten the country's oil exports. Crude oil for delivery in October closed at a 23-month
      Reuters  -  312 words
  • Page 9 Advertisements
    • 1283 9 I k Bankers Trust Company I B Incorporated with Limited Liability in the U.SA 1 Consolidated Statement of Income Consolidated Balance Sheet I J! Bankers Trust Corporation and Subsidiaries Bankers Trust Corporation and Subsidiaries (USS in minions, (USS in nJinM. e*cept per »h«re data) except pv value) 9t Year Ended
      1,283 words

  • Page 10 Advertisements
    • 487 10 I S can claim to be No .J i I fek. I fBP"] *jf a s v I Internet m IBKIwI IB a 8 mm iM I I k s| I I I HI I I rop |g--1H H K 1 for votinq us I S K 1 S I
      487 words

  • EXECUTIVE Suite
    • 1326 11  -  As property is likely to be their biggest single investment newly-weds must resist rushing into a home purchase so that they do not make their biggest single mistake, gordime here talks to some experts to find out what couples should consider before making their downpayment CORINNE
      FILE PHOTO  -  1,326 words
    • 786 11  -  New launches should provide enough choices in terms of price and locality By\ Peter Ow The writer is executive director, residential department, of Knight Frank IF you have been shopping around for a new apartment but have yet to find the
      786 words
    • BUILDING YOUR OWN HOME
      • 1187 12  -  Building a house from scratch can be a long-drawn affair, mamssa chew looks at what is involved in this tedious but rewarding process MARISSA CHEW THE location is perfect but the house on the site is in terrible shape. Or perhaps your old place
        PHOTOS COURTESY OF FORUM ARCHITECTS  -  1,187 words
      • 493 12  -  By\ Marissa Chew SINCE she was a young girl, Grace Tan had wanted to build her own house. And in October 1996, she embarked on fulfilling that dream. "Of course, in those days, the dream house was a very simple one. Just like an attap house,"
        CHRIS LOH  -  493 words
    • AWAY FROM HOME
      • 864 13  -  A surplus of supply has dampened residential rentals but agents expects the city's property boom to continue, max. behrmamn reports NEIL BEHRMANN A SURGE in the supply of rental accommodation in London's booming residential property market is causing rental incomes to flatten out and, in some
        FILE PHOTO  -  864 words
    • Article, Illustration
      3087 14 Property transactions for selected districts lodged between Aug 17 and Sept 6, 1999. street name to C0NT Apt 19/07/1999 FH 2476 2200 889 (SOFT) mm rn HimikoCourt Apt 15/07/1999 FH 850 600 706 Himiko Court Apt 14/07/1999 FH 1216 780 641 District 09 Hollandswood Court Apt 22/07/1999 99 2131
      3,087 words
    • SHOWCASE
      • 950 15  -  The designer of Aspen Heights worked with nature to build DBS Land's showpiece, hiahtbba chew visits MARISSA CHEW STEP out onto the balcony at one of the high-floor units at Aspen Heights and experience one of the pleasures of living at this condominium a breathtaking
        PHOTOS BY CHRIS LOH  -  950 words
      • 246 15  -  Prices back np from $700psflowto $1,100 psf now By: Marissa Chew [SINGAPORE] Prices at Aspen Heights tend to hold better than other River Valley developments because of its good quality and location, say consultants. However, the project was not left unscathed by the
        246 words
      • 648 15 New homes for sale DEVELOPER DISTRICT LOCATION 8IZE TOTAL UNITS NO. OF PRICE TENURE (sqft) LAUNCHED UWTSSOLD* ($psf) Faber Cr—t CDL 5 Faber Heights r 1,012-2,099 240 140 590 99-yr River Place FEO 9 Havetpek/Ctemenceau Ave 678-3,229 509 305 947 99-yr The Aston Yi Kai Group 10 River Valley Rd
        648 words
    • PERSONAL SPACE
      • 1586 16  -  Australian High Commissioner Murray McLean is a consummate host with a house to match. Jaime ee looks in JAIME EE IN Murray McLean's house, you never run out of snacks. Whether it's an impromptu platter of canapes or a full-scale buffet dinner for 300,
        PHOTOS BY CHRIS LOH  -  1,586 words
      • 91 16 vegetable/olive oil 12 chicken wings, chopped into 2 pieces handful of cashew nuts soya sauce Chinese brown vinegar (zhenjiang) 2 capsicums (J green and 1 red/yeUow, seeded and chopped) 6 spring onions chopped (save green tips for garnish) sesame oil 1 tsp
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  • Page 13 Advertisements
    • 9 13 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes
      9 words
    • 211 13 RESIDENTIAL DEVELOPMENT SITE For Sale By Tender Property Goldenhill Condominium —77 II Location Mei Hwan View J Tl II (off Lor Chuan) M a Land Area 24,339.6 sqm fl j 261,991 sq ft J Tenure Freehold Planning "ReskJential"Zoning Parameters 2.1 Plot Ratio PRoVeVty 20 storeys Description Large pool of HDB
      211 words
    • 94 13 85 DEFU LANE 10 MORTGAGEE SALE BY TENDER Legal Description Lot 4358 of Mukim 23 Description A 6-storey factory with ancillary office cum showroom Land Area Approx. 5,000 sqm (53,820 sq ft) Total Buitt-Up Area Approx. 12,014.5 sqm (129,324 sq ft) Tenure HDB Leasehold 30 30 years wef 1 May
      94 words
    • 158 13 I i i'iXjki'ii Let The Business Times keep you in the know. Specialist writers cover business stories of the day with extraordinary depth and foresight. And analyse changes that will shape tomorrow's business environment. It is knowledge you need to grow your money. ■frlTiSTlllirtWl 1 Hiwh Dr/Mr/Mrs/Ms NRtC No: Send
      158 words

  • Page 14 Advertisements
    • 93 14 Pay FIXED INTEREST RATE from date °f first release NOT date of letter of offer -11-LMJ E=3 For housing loans without hidden conditions, call us —we have been financing homes since 1950 We provide loans and financial assistance for your Corporate and Personal Financing. #r fla 1 ilk 5] Car
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  • Page 15 Advertisements
    • 203 15 Stacked-up Terrace Factories Allotted car and container parking in front of your unit (65% sold). Location! Location! Superb frontage facing PIE Even 20-ft container trucks can drive up to every unit Showunit at Übi Ave 1, Übi Road 3/TOP soon EZ loading delivery/own toilet lift PIP Marketing Pte Ltd Tel:
      203 words


  • EDITORIAL & OPINION
    • 764 17  -  THB BOTTOM LOT OPINION By Bob Herbert NYT IF YOU listen too long to the rhetoric, you could begin to think Americans have stepped into some kind of economic nirvana Things are going well, and maybe it is nirvaj na for the
      NYT  -  764 words
    • 128 17 'Who the hell is Donald Trump to go around changing the landscape of New York?' Alberto Yilar an investment manager who runs a US$5 billion hightech fund and has put up USfloo,ooofor a campaign against Trump's proposed 72-storey building called Trump World Tower. 'Rich people don't like
      128 words
    • 617 17 EDITORIAL IF there has been a silver lining to the economic crisis that hit the region in 1997, it is that markets in Asia have been forced to deregulate. Freer markets are seen as the best way to restore investor confidence. Thus, the Stock Exchange of Singapore has
      617 words
    • 1257 17  -  Not quite; Australia may have'sailed through' the Asian crisis but threats to the economic 'miracle' loom By] Manjit Bhatia The writer is a lecturer at the University of Queensland, Australia. He contributed this artkktoßT AUSTRALIANS have never had it so good, it seems. With inflation below the
      FILE PHOTO  -  1,257 words
    • 944 17 THE imposition of martial law in East Timor on Tuesday corroborates the bitter reality that real power in this country lies in the hands of the Indonesian military (TNI), not the president, his Cabinet or the House of Representatives. Those who fail to grasp this fact
      REUTERS  -  944 words

  • EXECUTIVE LIFESTYLE
    • 467 18  -  Midge Ure, Farafina, Papa Wemba to be featured By' Parvathi Nayar IT'S world music time of year again, following its successful sold out debut last year. World of Music and Dance, or Womad, returns to Singapore today for a four-day, or
      467 words
  • Page 18 Advertisements
    • 366 18 Where to wine, dine and (Slfissgk ij i 1 Wjjgkdag eippeial kineh Mpnul t $4.50 ntft per I Mtishroonnand Oiicten Noq&te •price irxdudes service Charge and 'if relevant Gcvernroeni Tax mi I forlte*ervation», coll us at 430 4U9 J 218 Queen Street. Singapore *****9 KOH—OTHaSCTOUf "Tunch" is the best for
      366 words
    • 66 18 KBSDOWN' SHHBHbBHHr with soothing live English entertainment. Happy Hours 6pm -9f»m daily S5-M-+ on all house pours 20% off all other drinks j Reservations: 831-6310/6288 333 OrcSird Rotd, Stngapom 23M67 M: 737 4411 Fax"732 2361 You w ill find it all here at Wine, Dine and En terrain. «»i .Vheiliscmenlv
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  • Page 18 Miscellaneous
    • 1026 18 CRYPTIC CROSSWORD AukOSS 2 l. ta I j l I b stinate (7) 29 Solve a mystery and become brighter (5,2) (3,7.5) YESTERDAY'S SOLUTION 30 Private tutor (5,10) 14 Fast getting chilly (5) ■bßaßcMp >'-v DOWN 15 m f° r mental improve--Ifw ment P^P B < 5 > H R
      1,026 words

  • MOTORING
    • 736 19  -  Sepang's special features will make its maiden F1 race memorable for drivers and fans, says davdbobt DAVID BOEY [SINGAPORE] THE wickedly tight hairpin turns are just one of the challenges world-class Formula One drivers have to grapple with when the millennium's penultimate F1 Grand Prix
      SIEW YAW HOONG  -  736 words
    • 562 20 Possible scenario for DaimlerChrvslers Asian thrust SOUTH KOREA Objective: To be ready when market liberalises. Status: Formal talks yet to begin. Current distributor: Hansung Motor, which is largely held by Sabah timber tycoon Lau Gek Poh's Capital Motors Sales: 723(1998): 757 (1997) 1,227 (1996): 1.100 (1995) MALAYSIA
      562 words
    • 828 20  -  Its chief is not a man of leisurely pace, says Christopher tam CHRISTOPHER TAN [SINGAPORE] ■HHE'RE not totally with our Sw 99 achievements fjgl pp. here." That statement, declared by a Daimler-Benz board member in V an interview with BT back in 1996,
      828 words
    • BUMPER to BUMPER
      • 78 20 ALL BMW 7-series cars now come with 10 airbags. Two targe (Mies up front, four sidfimpact ones to protect front and rear occupants, and four head protection bags afl round. The latest is the head protection for the rear OV' passengers, situated on topoftbeC-pillar.
        78 words
      • 99 20 MEET the Audi A 2, an aluminium subcompact from the people who brought you the A8,A6,A4 and AB. Scheduled for launch early next year, the car is based on the Al2 concept first shown at the 1997 Frankfurt Motor Show. Like the A 8 and the
        99 words
      • 81 20  -  Compiled fay i Christopher Tan SIGN up for free car check-ups to be conducted this Sunday from 10am to spm. Lubricants specialist Castrol and listed vehicle inspection company Vicom are coming together to offer this programme "aimed at educating car owners on car maintenance and
        81 words
    • 199 20 [SINGAPORE] Volvo Car's long-drawn attempt to take a majority stake in its local distributor has been shelved for the moment. The distribution of Volvo passenger vehicles is handled by businessman Lim Kee Ming's S M Motors, in which the Swedish manufacturer
      199 words
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  • Page 20 Advertisements
    • 71 20 brought to you by > ~t y Any petrol con power your cor, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy boosters unleash extra energy the instant you step on your accelerator. Ifs the
      71 words

  • COMPANIES & MARKETS
    • 537 21  -  Mita says it is still seeking farther clarification on the matter By 1 Teh Hooi Ling (SINGAPORE] Singapore Press Holdings (SPH) yesterday said it had reverted to the Ministry of Information and the Arts (Mita) and provided it with more information on
      537 words
    • 341 21  -  By\ Carol Eng [SINGAPORE] The foundation works of The Waterfront residential project in Kowloon a massive development being developed by heavyweights like Wing Tai, Temasek Holdings and Keppel Land have already been rectified to government satisfaction, its project manager said yesterday. But HK-listed USI
      341 words
    • 677 21  -  HOCK LOCK SIEW Lee Han Shih WILL it or won't it? Is the Ho Bee group going to list its property arm? Last week, the Chinese morning daily, Lianhe Zaobao, floated the question on Ho Bee, a me-dia-to-property
      677 words
    • 460 21 CORPORATE RESULTS [SINGAPORE] Flextech Holdings yesterday said its halftime net profit was 9 per cent higher at $4.5 million, below analysts' expectations. Analysts had expected half-time net profit growth from the low-teens to 20 per cent. In March, Flextech cut its
      SIEW YAW HOONG  -  460 words
    • 368 21  -  Performance beats analysts' expectations Reports by, Jennifer Lien [SINGAPORE] GES International yesterday posted its maiden full-year results, chalking up a 102.8 per cent surge in net profit to $20.3 million and beating analysts' expectations. A survey of two analysts by Barra Global Estimates showed a
      368 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 439 22  -  New company 6MG Global to make takeover offer of two GMG shares for five EML shares By I Siow Li Sen [SINGAPORE] The white knight for Electro-Magnetic (1992) Ltd (EML) yesterday finally concluded the rescue operation, some three years after it was placed under
        439 words
      • 711 22  -  It's not taking its premier status for granted in new banking landscape From Eddie Toh in Kuala Lumpur MALAYAN Banking Berhad reported a higher-than-expec-ted net profit of almost one billion Malaysian ringgit (*****.6 million), but bank officials were not taking
        REUTERS  -  711 words
      • 252 22 [SINGAPORE] Mentor Media's initial public offer has been 116.9 times subscribed, with applications received for about 2.1 billion shares. The Sesdaq-bound provider of outsourcing and manufacturing services to technology-related companies offered a total of 40 million shares at 25 cents each. Of these, 18
        252 words
      • 313 22  -  CORPORATE RESULTS It steps up efforts to penetrate private property market By Corinne Kerk [SINGAPORE] Sesdaq-listed Hersing Corporation yesterday announced a l-for-2 bonus issue following a 14.9 per cent rise in net profit to $3 million in the first six months
        313 words
      • 253 22  -  By Ven Sreenivasan [SINGAPORE] Recognition of profits from the previous period, foreign exchange gains and other income enabled listed regional construction specialist Permasteelisa Pacific Holdings to raise its net interim earnings by 21.5 per cent to $7.3 million, from $6.0
        253 words
      • 518 22  -  M'sian group posts RMBflftm profit without Sime Bank From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S giant conglomerate Sime Darby Berhad yesterday warned that current year earnings could fall below last year's level if palm oil prices continue to remain depressed. Sime
        518 words
      • 349 22  -  Analysts cite its lack of political clout in that country From Eddie Toh in Kuala Lumpur DAIMLERCHRYSLER is not expected to zoom in on the distribution business of Mer-cedes-Benz cars in Malaysia, analysts said. They were responding to news that the
        349 words
      • 174 22 Reuters [KUALA LUMPUR] Malaysia's central bank said yesterday that profits from the sale of bonus issue shares are not subject to a levy when the original beneficiary repatriates them. Bank Negara (BN) said in a statement that proceeds from the sale of
        Reuters  -  174 words
      • COMPANY Briefs
        • 59 22 [SINGAPORE] GK Goh Holdings (GKGH) said its j wholly-owned subsidiary GK Goh Stockbrokers has increased its authorised capital from 150 million to $100 million. GK Goh Stockbrokers has also increased its paid-up capital from $46.25 million to $70 million by way of allotment 0f23,75 million
          59 words
        • 45 22 [SINGAPORE] Sunright Ltd has appointed Bob Gooch, an American formerly from Motorola, as its director of global customer support Mr Gooch will work with customers and plant managers in the US and Asia (excluding Japan), Sunright sakl in a statement
          45 words
        • 36 22 [SINGAPORE] Shipping group Metalock will move to the malnboard of the Stock Exchange of Singapore from today at 9 am. Metalock was previously listed on SeedtoQ and had requested the transfer.
          36 words
        • 94 22 Bloomberg [SINGAPORE] Overseas Union Bank Ltd (OUB), Singapore's fourth-largest bank, said it obtained court approval to merge its two dasaes of shares which differentiate foreign investors from local ones, allowing a single stock to start trading from Sept 10. OUB got approval
          Bloomberg  -  94 words
        • 47 22 AFX-Asia [SINGAPORE] Tuan Sing Holdings Ltd said it has increased its stake in Grand Hotel Group Ltd to 24.21 per cent from 24.01 per cent It said it bought an additional 1.13 million Grand Hotel group shares for Agl-3861 each.
          AFX-Asia  -  47 words
        • 111 22 Bloomberg [LONDON] Thistle Hotels pic, the largest hotel operator in London, said first-half profit from operations fell 21 per cent as the company sought to focus on four-star properties amid consolidation in the industry. Profit after tax though before exceptional items in the six
          Bloomberg  -  111 words
    • COMPANIES
      • 406 23  -  List of assets to be pumped into Kedah Cement still being drawn up: source From Eddie Toh in Kuala Lumpur UNITED Engineers Malaysia may list two major highways one of them being the North-South Expressway by injecting them into the listed shell
        406 words
      • 548 23 NYT, Reuters [NEW YORK] Expanding the reach of advanced fibre optic communications in Asia, the Microsoft Corp, Global Crossing Ltd of Bermuda and the Softbank Corp of Japan have agreed to form a US$l.3 billion (552.2 billion) joint venture to build a new
        NYT,; Reuters  -  548 words
      • 521 23  -  Sources say UOB has won bid; results may be known tomorrow From Harish Mehta in Bangkok THE Bank of Thailand (BOT) expects to sell the troubled Radanasin Bank to a foreign bidder at a lower-than-expec-ted price as compared to the price it
        521 words
      • 307 23 USs34m cash each for 2 Viacom vice-chairmen who are stepping down NYT [NEW YORK] The top two executives of Viacom Inc and CBS Corp have been given identical compensation packages, and the two Viacom vice-chairmen who are stepping down are also set
        NYT; REUTERS  -  307 words
      • 497 23 Reuters [NEW YORK) Global media tycoon Rupert Murdoch, whose News Corp Ltd operates satellite TV companies in China, made a thinly-veiled attack on Tibet's spiritual leader the Dalai Lama in a rare interview about his personal life and business published this week.
        Reuters  -  497 words
    • FINANCE & COMMODITIES
      • 430 24 Using the euro as a single currency slashes the cost of transferring money FT [LONDON] Banks in the European Union face a dramatic fall in their revenues from cross-border payments as the introduction of the euro slashes the cost of transferring money. New research
        FT  -  430 words
      • 357 24 Investment banking, money management earnings fall Bloomberg [ZURICH] Credit Suisse Group, Europe's sixth-largest bank, said first-half profit rose a higher-than-expected 11 per cent as gains in retail banking and insurance more than made up for a decline in earnings from investment
        Bloomberg; FILE PHOTO  -  357 words
      • 237 24 Bridge News, Bloomberg [NEW YORK] A banking source at London-based Barclays on Tuesday shrugged off London-originated speculation that the UK financial institution may be in talks to link with US behemoth Citigroup. Barclays shares closed strongly higher in London on the speculation, according to
        Bridge News,; Bloomberg  -  237 words
      • Article, Illustration
        1182 25 DfTERBAJfK CROSS RATES Sep8 A> CS Ure Fir Om MS m H M CWh Mi SS 1mi »lr W Mt Nm* 9SS 0 965 6.178 0411 4.006 1.195 5.041 28.237 ***** 0.722 7.752 2.467 1227 31.590 26.0(0 000 3.935 0.977 ***** ***** 0.403 0449 CM* 1.036 5482 0.633 4.151 L23I
        1,182 words
      • 1759 25 SICOM FUTURES Sep 8 HWE* (Www de*i«il SJOpm) RSS1 CONTRACTU cMts/kq) CtOM VotaM Opao lltafc 1 f, ti MM. 1 »-a t Mown n»9n low j#u (lonnts/ inxtrtsi Oct 99 9725 1400 Nov 99 99.75 350 OK 99 101.25 ***** 102.75 600 200 Jan/Mar 00 106.75 300 Apr/Jw 00 110.75
        1,759 words
      • 227 25  -  SOKELReports MSCX Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market was set under easy sail yesterday amid a lack of investor interest and directionless trade. The ongoing disturbing situation in East Timor and talk of a possible computer glitch today were cited
        227 words
      • 225 25  -  MSCI Taiwan Mores Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday posted a gain of 4.4 points in the September contract with the Taiex also posting a small increase of 27.54 points. Before the cash market opened, the September futures inched
        225 words
      • 226 25 Reuters [KUALA LUMPUR] The International Natural Rubber Organisation (Inro) said on Tuesday it is optimistic that Thailand would change its mind and stay in a price pact but was unsure about Malaysia. Upset by depressed rubber prices, Malaysia and Thailand have said
        Reuters  -  226 words
      • 315 25 Reuters, AFP London THE pound galloped ahead against the dollar in Europe yesterday after a surprise increase in British interest rates, but the US currency remained little changed on the day against other major currencies. A quarter point rise in the British repo rate to 5.25 per cent,
        Reuters,; AFP  -  315 words
    • Article, Illustration
      1354 26 Reuters n Hang Seng -39.46 HONGKONG stocks closed slightly lower yesterday in consolidation with blue chips languishing and technology stocks lacking their usual volatility. The Hang Seng Index closed down 39.46 points or 0.29 per cent at 13,356.63. Turnover was HK55.73 billion, down from HK$B.46 billion on Tuesday. Declines
      Reuters  -  1,354 words
    • Article, Illustration
      574 26 Reuters Q Shenzhen B Index +0.47 SHENZHEN'S hard currency B shares edged to a higher close yesterday on light buying by domestic institutions, brokers said. The B share index edged up 0.47 point, or 0.53 per cent, to 87.95 on thin turnover of HK516.23 million, slightly higher than Tuesday's
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  574 words
    • 348 26 AFP QIT Index +27.54 TAIWAN share prices closed 0.3 per cent higher yesterday on institutional buying in technology shares, but failed to reclaim the 8,000-point level, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 27.54 points to 7,973.30 on turnover of NT5115.49 billion. "Buying primarily targeted IC
      AFP  -  348 words
    • 2229 26 LONDON Mntriais Sep? Jeee< *h 3i Group 8.32 -0.02 Abbey Nation* 10.46 -0.07 A B Foods 4.33 -0.02 A B Ports 3.39 unch AstraZeneca 24.89 -0.29 Alliance Leicester 8.40 -0.07 Allied Oornocq 3.68 0.09 Allied Zurich 7.83 -0.12 Anglo American Gold 43.70 unch ASOA Group 2.19 unch
      2,229 words
    • 1642 26 AFP Nikkei 225 -6&12 SHARE prices in Tokyo closed 0.4 per cent lower yesterday as investors were hesitant to engage in active trading ahead of the release of Japanese gross domestic product figures, brokers said. "It was inevitable that investors grew cautious today," said Tsuyoshi Segawa, head of New
      AFP  -  1,642 words
    • KUALA LUMPUR STOCK MARKET
      • 438 27 AFP PI Composite Index +2J32 MALAYSIAN share prices ended 0.3 per cent higher yesterday as late selective buying lifted the market off earlier lows, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 2.32 points to finish at 755.06, off the day's
        AFP  -  438 words
      • 8142 27 INDUSTRIALS CoMwiwr products 1999 List vol Day Net Cap High Law Company Sale OOP High Low P/E Smll 440 255 Ajinomoto 320 20 .3 129.7 174 46 Angkasa 106 1 23 106 105 156.3 404 220 Apollo Food Hlq 326 -4 2 326 324 11.3 130.4 294 115 Beriaya Land
        8,142 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 196 28  -  WARRANT WATCH -By R Sivanithy WE'LL continue our look at covered warrants and this time, the spotlight falls on Deutsche Bank's call on DBS Bank. The latter has undergone a bonus issue and a merger between its Foreign and Local shares since we last
        196 words
      • 2160 28 BONOS. LOANS t WARRANTS 52-Wk Last Vol Day Last Quott Avq High Law Strvo Company Sal* ♦of- COOO) High Lao Buyor Sattar Plica 104 3 s 3160 "Acar ******1 USS- 42 "13 107 44 42 42 42 5 80 4.5 t 3164 Acma ******4 34 -0.5 25 35 34 34
        2,160 words
      • 218 28 HONGKONG STOCKS Of fir M-Wk Last V« Day LMt Oust* DK Mv VM NM M Cap KI9» Law Stno Comfany Sate COOP) L— Buyar 5a—> Cw M $w* 365 173 5123 COL (2000) MK 285.0 285 300 8 3.7 2 8 9.7 ***** 5124 Cathay Pac 20c MK—720
        218 words
      • 274 28 AFP Q Wellington -27.83 NEW Zealand's share market fell 1.3 per cent yesterday with leading stocks Telecom, Independent Newspapers Ltd and retailer The Warehouse leading the way down. The NZSE-40 Capital Index dropped 27.93 points to 2,113.61. Volume was light at NZ559.2 million. AFP V«I «a rtm Advantag* HDS
        AFP  -  274 words
      • Article, Illustration
        875 28 AFP QSCT Index -5J9 THAI share prices closed 1.2 per cent lower yesterday with investors concerned over the plunging baht and the health of the banking and finance sector, dealers said. The Stock Exchange of Thailand Index shed 5.19 points to close at 421.56. Market sentiment was dampened by
        AFP  -  875 words
      • 412 28 AFP Q Composite Index -6J9 SOUTH Korean share prices slipped 0.7 per cent yesterday on profit-taking prompted by a weaker yen and firmer money market rates, dealers said. But the decline was limited by strength in semiconductor stocks amid recent chip-price gains, and a good performance from Korea Electric
        AFP  -  412 words
      • 641 28 AFP PI AD Ordinaries +7J AUSTRALIAN share prices closed up 0.2 per cent yesterday despite a negative lead from Wall Street after what dealers called a day of lacklustre trade. The All Ordinaries Index finished up 7.1 points at 3,000.70. The All Industrials Index closed up 15.9 points at
        AFP  -  641 words
      • Article, Illustration
        704 28 AFP P Composite Index -24.73 INDONESIAN share prices slid 4.5 per cent yesterday as foreign investors, worried about the deteriorating situation in East Timor, sold off blue chips, dealers said. "The sentiment is very negative and this selling looks like real selling on Telkom," a dealer with a European
        AFP  -  704 words
      • 315 28 AFP rl Manila +5.79 PHILIPPINE share prices ended 0.3 per cent higher yesterday on selected bargainhunting, but concerns over the weakening peso prevented further gains, brokers said. The Philippine Stock Exchange Composite Index added 5.79 points to close at 2,165.58. AFP Keppel Ph* Mom* 0 93 -0.05 280 iol
        AFP  -  315 words
    • 6886 29 Transaction date: S«-p 8 Or Or m Wt .M-W Lot Vat Day L«t Ouot. Otv M» YM Nat Cm *«1 HIO Law StHa Company SaK COOP) High Law Bwyar »Har H C'vr P/f $mi Prtca mil mm '82 17.5 mb 1000 Acma 50c 126
      6,886 words
    • 1410 29 8r 8r M Wt U-m lmi V* Day Last Owta OK Hv VM Nit C49 An* L— >Wt C.wwy Mi *h roop) MH» li» Buff hlir C*w P/I ><■> Wo MANHFACTUMM 218 52 c 2049 AS Auto 10c 183 cd -1 74 184 182 183 184 10 N 03
      1,410 words
    • STOCK EXCHANGE OF SINGAPORE
      • 275 30 <w*« Vataw •Genting lot 16,685.000 SIngTH 15c 9,240,000 Ask FoodiProp US$ 7,314,000 Gotten Agri USIOc 5,615,000 PoUUanlOc 4.471.000 Hotung Inv NTS 4,262,000 DBS 3,771.000 SingTel 15c 10 3,437.100 U08 Foreign 3,408,000 Eagle Brand Htdgs HK75c 3,284,000 Stedu 06S 76,435,713 U08 Foreign 46,350,571 SPH 34,140,817 SingTel 15c I 28,800,700 0C8C Foreign
        275 words
      • 651 30  -  STOCK MARKBT COMMENTARY Concerns that rupiah, baht weakness will spark fresh crisis, bat worries are overdone, say brokers By R Sivanithy THE biggest problem dealers had yesterday was trying to find ways to amuse themselves since there was little joy to
        651 words
      • Article, Illustration
        60 30  -  -By Wong Wei Kong DBS Bank shares rose 20 cents to $2020 yesterday with 3.77 million shares traded, compared with its 10-day traded average of 1.96 million units. The RSI, Stochastics and MACD charts suggest that the uptrend may persist in the short term, with the stock still
        60 words
      • ON THE GRAPEVINE
        • 81 30 A READER who was after some matrimonial assets believed that corporate spy Kroll Associates oould help her. That was after she read a BT article, headlined "Sex, lies and missing assets", on the way Kroll went about tracing the money of corporate miscreants. After
          81 words
        • 89 30 HERE'S something to nibble on. We hadn't heard about this company—Interßiz Solutions—until a write-up on them came tous—on a biscuit Details on the company came embossed In edible Ink on a biscuit, with a suggestion that we read the biscuit before eating It Interßht offers
          89 words
        • 79 30 CHATTERBOX, the restaurant fiunous for its chicken rice, will soon have to vacate its basement premises at OUB Centre snd make way for Star Hub. According to property sources, OUB Centre, which manages the complex, was keen to sign on a higher-profile tenant, notwithstanding the fact
          79 words
        • 115 30 INDIA'S Ministry of Tourism has proudly announced that according to the Royal Greenwich Observatory, the first rays of the sun in the next millennium wIQ fell on a part oftheNicobar Islands, which lie off the east coast of India. The ministry has therefore invited cruise operators and travel
          115 words
  • Page 21 Advertisements
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  • Page 23 Advertisements
    • 240 23 nmm VOLVO for life I idSMlk WE'LL ALSO TAKE CARE OF YOU. l Ml fill BBfcflßf tgMHfc h %>/* ZM*.«,.j§§ flaMMr -mSmk.vmEisßffiwmM JHHMP™ nflHB W^K^Wk*T^m I hr viinr attention that we have Keen lavishing onto ,1 Volvo h.is now been extended to something equally important The owner lust lor you,
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  • Page 24 Advertisements
    • 1137 24 ▲PERMASTEELISA PACIFIC HOLDINGS LTD (Incorporated in Republic of Singapore) PROFORMA HALF-YEAR FINANCIAL STATEMENT Half Year Financial Statement on Consolidated Results for the Six Months ended 30 June 1999. These figures have not been audited. GROUP COMPANY 1999 1990 lnc/(Dec) 1999 1998 lnc/(Dec) SS'OOO SlOOO SS'OOO Ss'ooo 1. a) Turnover 110,129
      1,137 words
    • 79 24 Join our highly effective A practical course. Start to read faster, comprehend better A save your reading time. Resulta proven over 25 years In Singapore. Course la a MUST for busy students, executives and professionals who have to cope with their required reading. If s also beneficial to those who
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    • 179 24 CD Drive Wearnes 16X 1531 pes CD Drive Wearnes 24X 5315 pes CD Drive Wearnes 32X 1375 pes CDR-W Wearnes 61 pes Inspection of above goods by appointment only on 15 /9/99 at Keppel Distripark Blk 519, *02-107 Kampong Bahru Road Singapore Tel: *****22 (Mr. Lee Chye Huat/ Mr. Albert
      179 words


  • Page 26 Advertisements
    • 45 26 Wow! I A buyer I love this car very I that I found next day. I through >— V Straits Times J Vroom I <w\ classified Buying or selling through W vroom... 1 ""^j The Straits Times Classified is child's play. Call C.A.T.S. at 1800-737-1166. JlUl
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  • Page 28 Advertisements
    • 109 28 Strictly speaking, most golf memberships are only good for golf. For everything else, you'll need a separate club membership. Too extravagant? How would you like to get accustomed to the renowned Jack Nicklaus Seaview lan Baker-Finch Woodlands Courses, together with the 5-star hospitality and world-class dining of Hotel Sedona with
      109 words

  • Page 29 Advertisements
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      86 words

  • Page 30 Advertisements
    • 1898 30 Toothache"' See your cienr st investment advice? you need DBS investor Oni'ie., Get the Best Call us at 323-3955 831X1SBANK TheßusinessTimes C /Igvff> Shipping Times aSk NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 r Standard ft Chartered *****,000,000 Negotiable Floating Rate Singapore Dollar Certificates of Deposit
      1,898 words
    • 304 30 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO AND IN THE MATTER OF TUVORYPTELTD (MEMBERS' VOLUNTARY WANCHNG UP) At an Extraordinary Qanarai Maating d tha aboranamad Company da aw ad to haw* baan hald on 31 Auguat 1999, 9«a fotoMnQ raaoiuuont wan paaaad* RESOLVED:SPECtAL RESOLUTIONS (a) That da Company
      304 words
    • 292 30 IN THE MATTER OF THE COMPAMES ACT. CHAPTER SO AND IN THE MATTER OF nana mmmm pte ltd (MEMBERS'VOLUNTARY WINOINQ UP) At an Eraaordbwy Qanarai MaaUng of ft* sbovwwiwj Compny dMmtd lo haw* baan hald on 31 Auguat 1999, 9ia lolowing rm&kJbor* mfi duly pcuKtRESOLVED^ SPECUL RESOLUTIONS (a) Thai 9m
      292 words

  • SHIPPING TIMES
    • 306 31 Bridge News, Reuter ACTIVITY for Caribbean and east coast Mexico loaders was slow to pick up following the US Labor Day hoUday. Brokers said there are a few pieces of business being worked privately but rates have eased with one vessel earlier reported fixing at worldscale 99. Panamax
      Bridge News,; Reuter  -  306 words
    • 209 31 CWTOHMMItn U3 0.03 32 OW**— U4 -0.03 447 Cmco iwwjti—nt_122 0.02 21 sast=8s S3 "5 asaat-r=5S ss "j o.9t -0.02 in AvoMlNpyvt —7.49 and) 0 MpprfCwt 155 0.1S 634 *55*rtLS U4 -O.OI 124 *<—«M«rtr» 2-21 0.17 1412 »«&—a ss 33 M«t«tadl 0.54 -0.01 30 NOt 2.14 0.04 *12
      209 words
    • 443 31 But an industry official in Shanghai says it's too early to party AFP [SHANGHAI] China's shipbuilders, which have largely been idle for the last two years, are beginning to see overseas orders recover as the Asian crisis wears off. Jiangnan Shipyard Group,
      AFP  -  443 words
    • 6 31 AFP
      AFP  -  6 words
    • 691 31  -  NEWEUILDS By David Hughes IT has been a busy couple of weeks for China's yards as this week's orders demonstrate. Perhaps most importantly Dalian New Shipyard has at last secured the long mooted VLCC (Very Large Crude Carrier) orders from
      691 words
    • 214 31 Bloomberg [CALARASI, Romania] Romanian shippers blocked the Danube river with tugboats and barges to protest the oil embargo against neighbouring Serbia and call for speedy rebuilding of bombed bridges over Serbian waterways. The shippers said the blockade near the city of Calarasi wfil last until
      Bloomberg  -  214 words
    • 138 31 Bloomberg [SYDNEY] Adsteam Marine Ltd, Australia's largest tugboat company, increased its takeover bid for Holyman Ltd by almost 15 per cent, offering A 193.5 million (*****.7 million) for the shipping and transport company. "We are confident that this price will receive
      Bloomberg  -  138 words
    • 778 32  -  LLOYD'S REGISTER CELEBRATES Classification society Lloyd's Register has formed a South-east Asia technical committee to cater to the growing maritime industry in the region. This comes as the world's oldest classification society celebrates the centenary of the formation of its first technical committee, s shivaxi looks
      FILE PHOTO  -  778 words
    • 181 32 PACE Dp* Lloyd 8 ACL 6 Dongmmi 3 mi 3 ECU Line 6 II Accord 8 ECl 4 Austral 8 Foo Sun 8 Balaii Shpg 5 6IM 4 Gemartram 6 t-wgws 7 •CO. 3 •MA 4 Hyundai 7 COSCO 5 Merasia 7 CSAV 3 3 wist s
      181 words
    • 19817 39 THEBUSINESSTIMES EXPORT eta ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vntd Vo yiqt Telephone SIN Dest'n Nam* Name Number Number SIN Dest'n Nam* Nam* Number Number 21/09 02/W NYK Bulk ASTRO VENUS (ROTO) *4 65 *****82 To ABIDJAN (ABJ) 2003 Cote D'lvoire 22/09 03/10 Evergreen itha bmum
      19,817 words
    • SHIPS IN PORT
      • 668 43 Voy Me Bftl> jwW Depertwr* Jkm|M V t*t Httas 9211 JO7 08/09/5*0 08/09/2240 EtJt Ufter PV244 JIT 08/09/6:55 09/09/5:00 Pofa* 40 JM 08/09/8 40 Oe/OT/HOO S* Cjphcor *****9 JT2 08/09/7:20 08/09/1940 Stryt *•«»< ***** J02 08/09/6:10 09/09/8.-00 H R*i J ***** J01 08/09/8:15 09/09/2359 C Sacctss 08-S€P J09
        668 words
      • 1861 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/EUUnct ftstls SMp Voy No Etb/Btr Ported From To Fron mi DM* C0421 10/5 JO 07/1500 07/W9* JW-00 U 07/1700 04/MS* 01/0900 a 07/1700 oa/otn o*/o*oo oi/o7oo o*/m* ot/Mno 4 04/1200 04/MS* 04/1700 ta msmut tm NW ot/HOO 07/«* MOO
        1,861 words
      • 193 43 Sep IS Japan: Respect of the Aged Day. Sapll Independence Day. Sep 23 Japan: Autummal Equinox Day. South Korea: Harvest Moon Festival Eve. Sep 24 South Africa: Heritage Day. South Korea: Harvest Moon Festival Eve. Taiwan: Mid-Autumn Festival. Sep 28 Hong Kong: Day after Mid-Au-tumn Festival. South Korea:
        193 words
      • 803 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* in US dollars instead at single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        803 words
      • 373 43 Cartas 180 Ma 990.6 0J M.9 0.09 63 0.05 Sap 2 Danny Mat* RmMm Ask (InHm Si—iX He akow E25 0 0 0 0 0 0 380 A«t 904.0 0.4 U.7 0.07 29 0.02 In 380 Mai 990.8 U HI 0.13 70 0.06 H»1 »>w %M/M
        373 words
    • AIR & LAND TRANSPORT NEWS
      • 481 44 Officials say it's a drill and major problems are noteipected Reuters [HONGKONG] Hongkong's transport sector was on high alert yesterday, when the date changes overnight to Sept 9, considered a high-risk day for Year-2000 (Y2K) type computer failures. Thursday
        Reuters  -  481 words
      • 62 44 [DA VlS,California] Inventor Paul Moller sitting in a prototype of his new Skycar, a personal 'vertical takeoffand landing' vehicle which will start its firstflights tests over the next several months. The Skycar, made by Moller International now costs an estimated US$l million (SSI. 69 million) to
        REUTERS  -  62 words
      • 528 44 Bnt some airlines doubt whether all facilities will be in place Reuters [SHANGHAII Shanghai's new airport should be ready for launch next week, though airlines worry minor glitches will mar its opening, aviation industry officials said on Tuesday. The US$l.5B billion (552.67 billion)
        Reuters; FILE PHOTO  -  528 words
      • 360 44 Reuters [MANILA] The US Export-Im-port Bank has not withdrawn opposition to a rehabilitation plan for Philippine Airlines but is expected to do so if its demands are met, Manila's Securities and Exchange Commission said yesterday. PAL said last month ExTm Bank had withdrawn
        Reuters  -  360 words
      • 342 44 Reuters [LONDON] British Airways' "Go" said on Tuesday that a fast take-off into Europe's booming budget airline market had led to losses in its first 17 months of existence but it was on track to break even in 2001. Summing up
        Reuters  -  342 words
      • 200 44 AFP [ROME] Three consortiums have made offers to buy the body which manages airports near Rome, Aeroporti di Roma (ADR), which is to be privatised, press reports here said on Tuesday. In Amsterdam, a fourth candidate, an Italian-Dutch-Ger-man consortium, emerged: banking groups
        AFP  -  200 words
      • 210 44 Bloomberg [WASHINGTON] Major US airlines will pay to get accident victims' relatives to crash scenes and for "extraordinary" costs associated with victim recovery, under an agreement with US trans-portation-safety officials. The Air Transport Association, which represents the largest US airlines, said it
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  • Page 31 Advertisements
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    • 1576 35 [vessel voy khh hkq sm pko pqb pxb mm Iba bin IRAN TEYFOURI PCL-5118 01/08 03/00 07/00 08/00 17/08 18/08 18/08 21/00 23/08 IRAN BAAKERI PCL-5118 08/00 10/00 14/08 18/08 24/00 28/08 28/08 28/00 30/00 IRAN SHAHRYAR PCL-5120 15/00 17/00 21/00 22/00 01/10 02/10 03/10 05/10 07/10 IRAN BAABAEI PCL-5121
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    • 991 36 ADVANCE CONTAINER LINES (PTE) LTD ML.L- TEL: *****21.HU *****19. TELEX RS 2KMO ACLPL FOB BOOKINGS PlfASi CALL *****22 SALES A MARKETING *****21-21 OPERATIONS: 2212MQT *****06 CR NO. **********06 KAN6MK-IWH 1 JAKAMTA• fTI ■i|,«iiii) vgsa wr 9N lot vtssa I I I jkt tANTRA BHJM (WJ) 3Q7N 9/9 Thu 12/9 Sun
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    • 1221 37 HYUNDAI MERCHANT MARINE CO., LTD. IWHa wr I sw I sou I uw I rail MIT|HMI| wvi IK |[VCT wrisa>|Mi|rai|Mn|HMi|t»| i I I U 555W 09/04 27/09 02/10 24/01 30/04 MMiaOU S2* 22/ M 2J/M 17/ M 10/00 00/00 Nans 011w 10/0* 01/10 02/10 »/o» 20/00 dan* S4M it/00 21/0010/00
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  • Page 38 Advertisements
    • 758 38 ■MHMWWfJMirTI rtlMTf LftH CItABAMOj JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA HAHTA HTAO6I In Pt 12/09 GURU BHUM ***** 10/09 12/08 YAHTRABHUM 307N In Pt 12AM AKA BHUM+ 3008 11/08 16/09 MATHU BHUM 431N 11/09 IVQ9 14/09 SHAHS' 002 12/09 18/09 XETHABHUM"
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    • 300 38 INDONESIA NATIONAL LINE TO AUSTRALIA I fwxootipywßiagiwicg V* Iwrl nH M i|—|n»| |it|*«i£" W jaßljg »/W N/W »/W I)/It WKI jig hl/WTI/ti 41/ M O/ll «/l» ■/!> MMMI a|p/w«/w «/>» )»/!»iyn is/i» mmmam Ins is/idi;/m|h/w| b/nlFEEDER SERVICE TO INDONESIA va m ra sauam uwbmk shuum m nm» nH» iwnr—m mi
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  • Page 39 Advertisements
    • 23 39 I New Advertisers/Services/Agencies I FAR EAST EUROPE I FULL CONTAINER EXPRESS SERVICE Turn To Pg 5 CB China Shipping (S) Agencies Pte Ltd
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    • 33 39 INTRODUCING OUR NEW USA TRANSPACIFIC SERVICE Turn To Pg 6 (EVERY MON/WED/FRI) "ISC Agencies Pte Ltd I For Service From PASIR GUDANG/ SINGAPORE to MIDDLE EAST/VIETNAM Caa JCC JH CONTAINER LINE Pg 4
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  • Page 43 Miscellaneous
    • 129 43 LEGEND: R Thunderstorm Temperature •<, y Shower Weother Wind direction with speed m knots Rom Cloudy Sky Wov K *'9 ht Surface winds ore mdicoted by arrows which Hy with the wind \L/ u c *cle represents calm or kght ond variable winds J One half tleche represents 5 knots
      129 words