The Business Times, 6 November 1997

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 02JV12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, NOVEMBER 6,1997
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  • 21 1 lEJ Mni ISosnw—SSSzilS —*n uKAKtkam^jmm^—« MAMUOOW —>ttn TAffBWn 1MM-+-+UM 8B00L00KP «H >IW1 CLSACWKAB— tjHM **78 DOW 7.7W.I8—L-HLII A w
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  • 55 1 UMium Ms. on at m i sn t u*»—tm m um—on IBM UI8 UK UN M» in- w»—i* BMT- UN UN uhah m urn—uti smsr KOALA LO0CI Ui JAKAITA UN lANQEOK UJI DMA UM UOGONG 8.71 S~ ,'5 MOOL tt.71 mar— u» nuNsruir** m LONDON IS REV HUB U§
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  • 1009 1  -  freeae on US$L2b Sarawak plant means only 2 of 5 fobs planned have taken off By, Jennifer Lien [SINGAPORE] Malaysia's ambitious wafer fabrication plans have taken another hit with the recent suspension of a Sarawak joint venture, Interconnect Technology. The US$l.2 billion
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  • 1056 1  -  Stocks, rupiah retreat on fears that govt may roQ hack order on bank closures From S N Vasuki in Jakarta WHILE technocrats in the Indonesian government are drawing strong praise for not showing any favouritism towards members of the First Family in
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  • 254 1  -  By R Sivanithy [SINGAPORE] Volatility in the region's stock markets yesterday showed signs of slowing down. Trading was mixed and relatively quiet. News of a better-than-expected Malaysian September trade surplus helped cushion earlier losses for both the Singapore and Malaysian markets and led to a
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  • 441 1  -  Democrats poised to lead NAP and Chart Tliai in new atiguneot From] Harish Mehta in Bangkok A NEW Thai coalition government started taking shape yesterday, with opposition leader and former premier Chuan Leekpai expected to return as prime minister.
    REUTERS  -  441 words
  • Page 1 Advertisements
    • 118 1 The Housing and Devetopment Board will Mid affordable studio fiaie ir the ekfarly, with the fir* units expected to be ready in the Year 3000, said Minister for National Development Lim Hng KHmiifiday,y»a wOOS Br ms n» forthcoming meeting between Prtoe MtnfTf—• Goh Chok Toog and his Malaysian counterpart U&ytLiTjtaSJa
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    • 26 1 S Korea heading/or deeper crisis than Asean, Pg 7 A new cause that unites the G-15, Pg 7 More reports on Markets in Turmoil, Pg 7
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    • 255 1 M AUDEMARS PIGUET The master watchmaker. «THE FINEST WATCH IN THE WORLD WILL ONLY BE WORN BY EXCEPTIONAL PEOPLE.» Jules-Louis Audemars, EdwardAuguste Piguet, 1875. Garry Kasparov is the Audemars Piguet ambassador because he too strives for excellence. He wears a Royal Oak because he knows that 9 even for a
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    • 8 1 Hmtjt toll of Thai politics, Editorial Pg 13
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  • SINGAPORE AT HOME & ABROAD
    • 220 2 HpME Affairs Minister Wong Kan Seng was simply stating trie facts when he said the government may have to slow the upgrading programme for public housing estates if there i$ an economic downturn, said Notional Development Minister Lim Hng Kiang
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    • 258 2  -  Biggest investment of USs4sm tones from S'pore consortium Frances Lui THREE new industrial and commercial projects worth a total of US$9O million (*****.5 Trillion) for the China-Singa-ppre Suzhou Industrial Park were signed at the Jiangsu Investment Fair in Hongkong yesterday. The largest investment of
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    • 301 2  -  w Toh Han Shih A SMART credit card offering secure shopping over the Internet and a customer loyalty programme plus the potential to provide many more services was showcased in Singapore yesterday. The so-called Select (Smart Electronic Loyalty E-Com-merce Transaction) card will in
      301 words
    • 440 2  -  Total ofsBo pilot phase units in four locations expected to be ready in year 2000 By< Abdul Hadhi THE Housing and Development Board (HDB) will build affordable studio apartments for the elderly, with the first units expected to be ready In the year
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    • 324 2  -  By] Diana Oon APPLICATIONS for the latest executive condominium, Pinevale in Tampines, dropped by 15 per cent compared p Chestervale, the last EC project marketed in August The due to higher prices and weaker sentiment, observers said. Still, the response to
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    • 349 2  -  Pollution from base, oil spill put off holiday-makers By. Audrey Tan SUN, sand and sea proved less of a draw in October as holi-day-makers shunned a region hit by smog pollution and an oil spill. As a result, Singapore's visitor arrivals may
      FILE PHOTO  -  349 words
    • 355 2  -  eye on the economy Commerce By] Frances Lui THE shake-out in the food beverage (F&B) Industry continued in August. Latest figures from the Singapore Tourist and Promotion Board show there was a net closure of 38 F&B outlets in August, bringing the total number in
      Source: STVS  -  355 words
    • 277 2  -  Matrhmaking eppertedtieefarW firms at 2-day event By. Audrey Tan OVER 300 small and mediumsized enterprises (SMEs) from Asean and the European Union will meet to discuss opportunities for cooperation next week. The 1997 Asean-EU Parten ariat opens on Monday at the
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    • 246 2 JOSEPH and the Amazing Technicolour Dreamcoat, one of Andrew Lloyd Webber's most successful musical extravaganzas, will premiere at the Kallang Theatre on Feb 24 next year. It will be the fourth Andrew Lloyd musical to be staged in Singapore, after Cats in
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  • Page 3 Advertisements
    • 181 3 ■KMneSH HvllwH < I SOME PRIVATE BANKERS BELIEVE THAT I I ALL CLIENTS ARE THE SAME. I I I I B I I 1 I I I WE BELIEVE THAT I I ALL CLIENTS ARE TOTALLY DIFFERENT. I Private Banking that each Asian client is very much an individual requiting
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  • FOCUS
    • 1299 4  -  Singapore strategy of starting new chemical product chains is paying off with $2b projects in the pipeline By. Ronnie Lim [SINGAPORE! SINGAPORE'S strategy of starting new chemical product chains to create a more integrated petrochemicals/chemicals manufacturing cluster here is paying off. In the
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  • Page 4 Advertisements
    • 169 4 Where to wine, dine and entertain 0 t UJe'ue brought back something that's been missing from Friday nights for quite a while. Style. '^^BR^daMjgy V r j* Step into an era where everything is choreographed to perfection. The sound is Gig Band, the dining is intimate, the dress is lounge
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    • 213 4 TOEMONET£^ I AMOUNT OFFERED SGD7(X)MIO I I ISSUE CODE N*****0E I I ISSUE DATE 14 NOVEMBER 1997 I MATURITY DATE 15 NOVEMBER 2004 fej, I INTEREST RATE TO BE DETERMINED BASED ON THE I j AVERAGE YIELD OF SUCCESSFUL I "I APPLICATIONS I PRICE TO BE DETERMINED AT THE AUCTION
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  • FOCUS: PROPERTY
    • 407 5  -  Three new projects will yield more than 200 apartments at Holt Road, with the first launch in a few weeks' time By. Ang Wan May [SINGAPORE] THREE smallish freehold apartment blocks are coming up at Holt Road, in the River Valley area. The
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    • 427 5 andMt>27)\ ji tE l mt "'""-WJS If (sectors 22 tO 23 AAOC *09*7 FH 630 aaT"§iS A*«n* Apt oyc/94 999 100 696 «S8' A*** HI Apt 2203*6 999 QM M09 tt« A*«Ht Apt 0605*6 9» 1324 1345 W A*anHt Apt 2508*7 999 993 075 120 k MpnNI Apt
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    • 233 5  -  Jason Yeap paying As4omforthe building in the CBD By\ Surinder Singh [SYDNEY] Malaysian businessman Jason Yeap has agreed to pay As4o million (5544.1 million) for an office building in Melbourne's CBD, according to a report In The Australian newspaper here. The vendor, Macquarie Bank,
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  • Page 5 Advertisements
    • 347 5 I CHEN YUAN I I DRAGON PEARL I 1 Tr RIVER VALLEY VIEW I P j Hhrtr V»H»r J.rmn I! /{it; J xr Combined Site Area Appro*. 60,687 sq ft Ii t r E>aa Ratio :it I I BuMng :Up(o3o-storeys I 1• Tenure :FreeMd I ■■■■■■■■■■■■■■■■Hi I I For further
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    • 77 5 MortgagM't Site! Donl H—l Baat iwyl Good Ma) Brand new 27rsty datacftad wtfi s/pooi beauttJ landscape Just TOP. Auguat 97. FreehoW 17,170 8,379 aq II 7+Ulbdmw.altflachadbatinm. QuaNty finishes, vacant. Auction on 13/11/97 (Thura) Purpose-built Part 1/Part 3 Storey Light Industrial Building Site Area: approx. 44,000 sq ft Build In Area:
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    • 16 5 GETTO See Sunday QaU** a Sunday Classified ■jwlal mi antkytf*, collectors' items, and arts crafts iAJ
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  • Page 6 Advertisements
    • 164 6 I YOU'VE OOT $710 MILLION TO IMPROVE I I THE LIFE OF THE BUSINESS TRAVELER. I I Ho do you spend it? I I I j 1| r I w H _l-__ fl I I J T 3 j I r v» «y »'I I jSWr fl j m I
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  • MARKETS IN TURMOIL
    • 433 7  -  By] Rajendra Bajpai tn New Delhi V INDIAN exporters are deeply concerned by the appreciation of the rupee against SouthjL east Asian currencies, which have plummeted against the US dollar in recent months, fe The Thai baht, Malaysian y ringgit and Indonesian rupiah
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    • 104 7 AFP [MANILA] The Philippine central bank yesterday anjg nounced cuts in key rates and opened a lending window to Jl help ease pressure on interest B rates. Central bank managing di--2L rector Amado Tetangco said B the overnight lending rate was cut to 16 per
      AFP  -  104 words
    • 228 7  -  -*y Yang Razali Kassim [KUALA LUMPUR] President Suharto said Indonesia has overcome the crisis of confidence in the rupiah, as seen in the currency rising from 3,700 two days ago to 3,300 to the US dollar yesterday. He said the show of solidarity by Asean
      REUTERS  -  228 words
    • 243 7 Bernama [WASHINGTON] Japan, the United States and the International Monetary Fund (IMF) A have agreed in principle to set up a new mechanism to stabi»lise turbulent Asian financial markets, officials said yesterday. The system will incorpoB rate a Japanese government V
      Bernama  -  243 words
    • 552 7 Costly defence of ww ivuuinc cunu wjiiftCTft oo boding banks, say bankers Bloomberg [SEOUL] South Korea is plunging deeper into a financial crisis that may soon dwarf those in Thailand and other parts of South-east Asia, bank executives said. A costly
      Bloomberg  -  552 words
    • 649 7  -  jrv 'f The currency crista In S-B Aria mkleriliiM the relevancy of the group of developing nations By Yang Razali Kassim Leaders of the Gfoupafis nations started their seventh summit with some scepticism about the organisation's future. But by the time it closed
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  • Page 7 Advertisements
    • 223 7 X' Sp ;■< V v--;* ;r6>' -V V >. a$K '.r f\ J: .*'->V^r- V*• < V j&» .■j :V *VV. ;<i- V > .y: r: Sr v•&'\ :f ,jK, v ""\-vVv.• J V C" < >/ V-" > k ;-v. <v v-■ k s ':k < W V i
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  • SOUTH-EAST ASIA
    • 569 8  -  KUALA LUMPUR Causeway problem not serkrasenoagjifbr foreign ministers to intervene, says Abdullah Badawi By' Yang Razali Kassim AN UPCOMING meeting between Prime Minister Goh Chok Tong and his Malaysian counterpart Mahathir Mohamad next year will be good for
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    • 270 8  -  KUALA LUMPUR By Eddie Toh THE weaker ringgit, which boosted Malaysia's trade balance in September, may help the country achieve a lower-than-expected trade deflcit for the year. Finance Minister Anwar Ibrahim yesterday announced a larger-than-expected trade surplus of 1.21 billion Malaysian
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    • 331 8 MANILA Bloomberg THE Philippine Supreme Court declared unconstitutional a law that ended two decades of state controls on oil prices in February, striking down a pillar of the government's economic reform programme. In a 9-2 decision, the justices ruled the industry must return
      Bloomberg; AFP  -  331 words
  • Page 8 Advertisements
    • 245 8 RlPi* i; SJ; I. > f* iMMI^|HIM m%MmMi c-~4,. ||iiSiM%"' r 1 V I v WIF I*l TO 60% O^INTIRNATIONA^AXES you huge savings off conventional IDD fax rates; as much f as 60% l Your message goes through TMl's global optical fibre network, ensuring you high-speed, digital quality and unparalleled
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    • 125 8 Come and Celebrate J WITH US AT SALUT! "Fine wine Food Affair 1997" 2nd Labels of Bordeaux t a 7 v 2 Awine amdfbod tasting sessimt f 2 featuring only the best cfFremh 2 Italian adstne paired with five quality vintages from Bmdttmx, Frame*. X 5 Date: Monday, 17th November
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  • CHINA-HONGKONG-TAIWAN
    • 619 9 HONGKONG Slide in home prices, sales may pat thousands of property agents out of jobs, warn analysts Bloomberg Reuters HONGKONG'S government will sell land to developers at lower prices, as well as make it cheaper for them to develop agricultural land,
      Bloomberg; Reuters  -  619 words
    • 257 9 HONGKONG FT STANDARD Chartered, the international banking group, has given a vote of confidence in Hongkong's economy and property market by announcing it would pay HK11.3 billion (*****.2 million) for new offices in the Special Administrative Region. "This is a clear billion-dol-lar
      FT  -  257 words
    • 419 10  -  SINGAPORE Foreign investors given three months to pay for asset and equity purchases By Lu Ning CHINA has tightened up the time framework for foreign investors to pay for their asset and equity purchases in Chinese enterprises. Foreign investors interested in setting
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    • 284 10 TAIPEI Reuters Taiwan Premier Vincent Siew yesterday unveiled a plan to unify the island's regiilation of banks, insurance companies and securities firms under a single regulatory agency. "The supervision of banks, insurance companies and securities firms, which is currently handled by separate entities, will be
      Reuters  -  284 words
    • 681 10  -  OBIXiVITOI Bow wfll Slno-US ties tare now that Jiang's vtrtt Is overt By Lu Ning UM thousandJourney starts with m the first step," Chinese i President Jiang Zemin quoted a well-known Chinese saying when he wound up his week-long visit to the US. Although the
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  • Page 9 Advertisements
    • 228 9 CURRENCY VOUmUTY AEDASA-PAOAC SECURITIES MARKETS Organised by Department of Finance and Accounting, NUS In conjunction with The Forex Association of Singapore and The Singapore Foreign Exchange Market Committee Jones Lang Wootton, Of Course. In two deals alone this year, we have closed over one billion dollars worth of property sales.
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  • Page 10 Advertisements
    • 1631 10 I©] [@1 SIN SOON HUAT LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at the Conference Room, 19 Jurong Port Road. Singapore *****3 on Frida* the 21st day of November 1997 at 10.00 am for
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    • 80 10 k on hans an& jjoot without spending an arm an&a lea? i J J CW coutse. Enjoy your slay In our luxuriously furnished Carlion Club rooms and suites complete with butler service, corrplimaitanj breakfast, evening cocktails and canapes. Carlton Club Room from SslOO**\ Suite from Ss2GO~*. A member of Cartton
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  • ASIA
    • 250 11 SEOUL AFP -tSOUTH Korea's Dongbu Group yesterday announced a yffe-up with IBM to produce semiconductor chips under a two trillion won (553.2 billion) "project, raising concerns of Overcapacity in the competitive industry. 21 With IBM technology, Dongbu will produce 64-M and 256-M
      AFP  -  250 words
    • 361 11 COLOMBO Sweeping concessions for agriculture, tourism and electronics AFP SRI Lanka yesterday slashed import duties on vehicles, machinery, gold and textiles, and offered tax holidays to hospitals and hotels in a budget weighed down by high defence expenditure. Justice Minister G
      AFP; REUTERS  -  361 words
    • 356 11  -  SYDNEY Move aimed at those facing cost rises in wake of devaluations By\ Surinder Singh THE Asian currency crisis has prompted Queensland University of Technology to defer partial payment of 1996 fees for some new international students. It is the
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    • 351 11 TOKYO Easy monetary policy helps raise household incomes, makes economy active Reuters RAISING Japan's interest rates at the wrong time would undermine efforts to restructure the economy, Bank of Japan (BOJ) governor Yasuo Matsushita said yesterday. Mr Matsushita told a meeting of business
      Reuters  -  351 words
  • Page 11 Advertisements
    • 116 11 B V LG A R I te "Wm -"f CONTEMPORARY ITALIAN JEWELLERS an n- >'•% r J' "-V i ml a of ■f x a bub I wm I Ifil H ■KHBIiHHA I J MS s W A Mil -tr>~ i»v K I m Bfe f jSff.&v,;jfc^ «yß|gpp^n |c A«
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    • 235 11 J4 it n h .jji"* JiilH 1 1 |i iiiiillfni i j i 11 n i 11 1 1 111III!IH1!IH jmll |j t v M: 11 1 M ;j jfj HIMiH H I I I *****1 n 11 Hll fIMMMM i i l i! jH 11 H I s• M
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  • THE WORLD
    • 236 12 BONN Reuters GEORGE Soros, the financier who in 1992 is widely believed to have made a billion dollars exploiting rigidities in the Exchange Rate Mechanism (ERM), said yesterday the European single currency could cause the downfall of the European Union itself. "The single
      Reuters  -  236 words
    • 323 12 CHICAGO Labour market seen as factor that may slow economy Bloomberg US Federal Reserve governor Susan Phillips said on Tuesday the US economy's 3.5 per cent annual growth rate in the third quarter was "strong", but it was unclear how long the
      Bloomberg  -  323 words
    • 431 12 WASHINGTON Problem seriotu threat to US economy and may spark global recession: economist FT, Reuters THE US Senate is to consider legislation that would require all public companies to disclose progress in dealing with potential problems resulting
      FT,; Reuters  -  431 words
    • 496 12  -  WASHINGTON From'. Leon Hadar A MAJOR US business group, representing companies which export to East Asia, has called on the US Congress to extend President Bill Clinton's "Cast track" trade negotiating authority. It argued that such a move would help the US
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  • Page 12 Advertisements
    • 44 12 r HOLD YOUR NEXT PRIVATE FUNCTION ATOP THE WORLD'S TALLEST HOTEL. i^W V"' IT'S SURE TO IMPROVE I YOUR BUSINESS OUTLOOK. v- L fr# wo P" va,e rooms with the emphasis on privacy. One of the finest J® 1 reStaU^ antS an<j Mc^ nS
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    • 255 12 Enjoy your weekends wkh The Business Times. Subscribe now and be a proud owner of a Motorola GSM StaiTAC" 90 ceMar phone! The weekend edKJon of The Business Times features Hestyie topics art, travel and spedal cublne In addtton to Its thought provoking analyses and commentaries on (he ftnandal maifcets
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    • 9 12 j **nnnniv| «UM»» ij I I II I j
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  • EDITORIAL & OPINION
    • 736 13  -  TBS BOTTOMLDTE OPINION By Salil Sarkar The writer is a Paris-baatdJournalist who contributes to BT LET NO ONE claim that corruption is unique to Asian societies. These are the days of sleaze and graft in western Europe. Silvio Berlusconi, Italy's flamboyant media baron,
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    • 129 13 'A businessman should have a Rolex, a good car, nice clothes.' -SarapeegTOhagkah a Thai defending his foreign-made status symbols although he has lost more than 50 per cent of his business. 4 lf you use the yardstick of 10 sticks per 100 mg, a pollution level of
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    • 608 13 I EDITORIAL THAILAND'S brand of self-destructive politics is taking a heavy toll Millions of middle-class workers are expected to lose their jobs because politicians have grossly mismanaged the economy. And now, the Thai king has been taken ill with worry, the royal physician reported yesterday.
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    • 1017 13  -  Foreign investment helped force domestic savings into property and stocks, leading to asset bubbles By< Anthony Rowley The writer is BT's Tokyo correspondent THE International Herald Tribune newspaper led it* front page one day this week with reports of a "humbled Asia" cowering in the debris
      FILE PHOTO  -  1,017 words
    • 206 13  -  ifAn.pftT Tan Chin Hwee Singapore via Internet POLITICIANS in the region have repeatedly reminded investors of our strong fundamentals and thus they feel that their countries do not deserve this selling down by overseas funds. Repeatedly, the evidence of our relatively high saving
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    • 335 13  -  email: btletter@asial.com.sg Choo Wai Chan (Mrs) public relations manager Public Utilities Board Singapore I REFER to the letter headlined "Hurry to build power plants is poor policy" by Andrew Chiang (BT, Oct 21). The government has implemented a number of measures to improve energy efficiency
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    • 190 13 mnniiri Minimi THE long awaited resignation of Thai Prime Minister Chavalit Yongchaiyudh clearly mirrored the huge epiphany of several months ago: General Chavalit is a senseless and selfish leader who did not take into consideration national interests or the nation's prevailing sentiment. Only his own thoughts
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  • Page 13 Miscellaneous
    • 37 13 POOMESBORT By Garry Trudeau (UUt, thank fll rn> AN HONOR TV Bf BACK! CmO,NO, 3D., rrs ZxP ill CQACHNSmOLDTeAH MOTEVBfi 16H807/HPU# 6X£AT £2 Mr* &APR£AMCOM£TtHJe ne&jys \INO ABOUT TMZ TO HAVE A FOR-MZANOMYWHOCe THZKINDOF Bu£ GOT \OFF&&e.
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  • A LEAGUE OF THEIR OWN
    • 1807 14  -  Singapore-born celebrity cook Nancy Lam may have hit big time but success didn't come easy, she tells jaime ee JAIME EE NEXT to her, Julia Child looks like a catatonic old biddy. She makes Martha Stewart look like a Sunday School teacher and Madhur Jaffrey like a
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  • Page 14 Advertisements
    • 81 14 brought to you by «Jaeger-leCoultrp» i i i\ Hidden gems are the most intriguing. Reverso Joaillerie. ii H ii »ii i ij II ii ij ■H I I I < j -> t I KWM ■PgSH Cy t&f ■■mltuulHl Diamonds have been SURROUND- jewel'wmat rou eg in the Art Deco
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  • Page 15 Advertisements
    • 803 15 Buy It Sell It Find It Classified ®<;*? J Call Today For Results Tomorrow. CATS. i Where to wine, dine and entertain... I kttp:// www.ana-hotels .com Not juat seafood either. Visit our home page and you can order tonight's dinner from our cyber selection. Browse through the menu, lave your
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    • 124 15 f? J S. Hwlf, as Km wMew,, seafood appetiser yo« at Itop of tbe *»T. "r Singapore's Highest Revolving Reatauram. Feast I oa exciting seafood creations pi spit a wMi only «te freshest seafood aid boanllfal vegetables Join tia foe fbe peak of good taaie today. ,< Lanill Noon to
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  • Page 15 Miscellaneous
    • 806 15 TV&RAPIO ay Hood. kah (r). &30 E.R. Fortune's Fools MM Meniti Pelangi (r). ZOO PM TV Innovations. (See Our Choice). SJO Melangkau Waktu (r). 2JO The Winners (See Our IOJO News 5 Tonight. MO Paramapadam (Drama). Choice). ILOO Business Day. 7JO Sirikka Sinthikka. 3.00 Money, Money. Money. IUB Baywatch Nights.
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    • 159 15 CRYPTIC CROSSWORD moM —i r rambling (5) hJ Iht—hJ-—ImJ-— wap 19 Assorted donuts enlarge his pa 28 Minor burn that runs? (9) 29 Meeting-place, secret enough 10 August newspaper featuring YESTERDAY'S SOLUTION totest saint (5) racing competition (53) i DOWN 15Tied up this spring? (5) 1 Highest standing champion 16
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  • Page 16 Advertisements
    • 60 16 '^l i $.§!fjwEa/M By i£M(R*mmrfgil Iffifl Br B r flfpfr vt r aijre-- Mi 7 pf' "r^SWiSfef»■» f A* JSP?* T- ■fe;- y? •®?:ti i jppt:-- '&s&'' lelL »o she took it oponhmcff them to the laundry. Mystery solved the butler did* if* I '•I :^4IP^WIBB^^^B WELCOME HOME Sheraton Towers
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  • COMPANIES & MARKETS
    • 320 17  -  Float of ventilation systems manufacturer expected to be launched next week By, Annette Pau [SINGAPORE] Homegrown company Progen Holdings Pte Ltd yesterday said it has received in-principle approval to list its shares on Sesdaq. The float, to be lead-man-aged by DBS Bank, is
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    • 283 17 DanaMntiara failed to attract minimom EMlSOin subscription Bloomberg [KUALA LUMPUR] Dana Mutiara Bhd, a publicly quoted closed-end fund, on Tuesday became the first local company to cancel an initial public share offer because it failed to •reach a minimum subscription of ISO million Malaysian ringgit
      Bloomberg  -  283 words
    • 741 17  -  HOCK LOCK SIEW Russell Baker AUSTRALIA'S listed resources sector is scraping rock-bottom at the moment. Falling gold and base metal prices, the feared impact of Asia's financial crisis and general stockmarket uncertainty have seen the shares of many resources companies plunging. But
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    • 331 17  -  Bnt hotel group calls off sale of Wellington property By. Abdul Hadhi [SINGAPORE] Mainboardlisted Hotel Grand Central has found a buyer for a property it owns in Sydney, Australia, but its proposed sale of another in Wellington, New Zealand, has fallen through. The hotel group
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    • 280 17  -  (food results spurred by regionalisation efforts, says MD By\ Diana Oon [SINGAPORE] Mainboardlisted Informatics Holdings' net earnings rose by 17 per cent to $4.5 million for the six months ended Sept 30, spurred by its regionalisation push. Group turnover rose 27 per
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    • 97 17 AFX-Asia [SINGAPORE] Creative Technology said personal computer digital video disk drive orders from its customers are averaging over 100,000 units a month following the launch of the product in March. Creative spokesman Mary Rachel Yee said PC-DVD shipments to the US account for the bulk of
      AFX-Asia  -  97 words
    • REGIONAL COMPANIES
      • 265 18 M'sia firm closer to becoming global hotel player with deal [KUALA LUMPUR] Malayan United Industries Bhd (MUI) has taken another big step towards becoming a global hotel player, acquiring the Plaza on Hyde Park Hotel in London for £44 million (*****.1
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      • 338 18 But company will still post a profit in the year to December, says chief executive AFP [KUALA LUMPUR] Current year earnings of Telekom Malaysia Bhd will be affected by the ringgit's sharp decline in recent months, chief executive Mohamed Said Mohamed All
        AFP  -  338 words
      • 236 18 Bloomberg, SCMP [HONGKONG] Wharf Holdings has been ordered by a US federal judge to surrender ownership of its principal subsidiary to satisfy a US$l5O million (*****.9 million) judgment in a law suit The judgment stems from a dispute with Denver-based
        Bloomberg,; SCMP  -  236 words
      • 294 18 Bloomberg [HONGKONG] The Hongkong Futures Exchange increased initial margin requirements for its Hang Seng Index futures contract to HK$9O,OOO (SI*****) from HK175.000 in a move to limit the risk of defaults posed by the increasing volatility of Hongkong's stock market. The exchange also raised
        Bloomberg  -  294 words
      • COMPANY Briefs
        • 77 18 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd 1» raising its base fending rate, at which most home loans in Malaysia are financed, to 9.75 per cent from 9.46 per cent effective today The bank—Malaysia's largest—last raised the rat* from 9.35 per cent on Sept 28.
          Bloomberg  -  77 words
        • 70 18 [SINGAPORE] The group of four Singapore Technologies' companies received shareholder approval yesterday to go ahead with a plan tn amalgamate th*fr aharoa nn<Ur n single listing on thft Stork F.Tphnngo nf Slngnpfiff ff Aerospace, ST AutonmHwi ST Torhfwxl^gW. Engineering and ST Electronic
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        • 55 18 [SINGAPORE] Logistics firm CWT has commissioned its third flagship distripark here. The 170 million five-storey office block with a four-storey warehouse complex in Jurong Port Road is equipped with the latest in warehousing and distribution technology needs. About 70 per cent of the 70,000 sqm distripark
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        • 88 18 (SINGAPORE] Amtek Engineering baa bought 11,000 one rlngglt shares in Malaysian firm Kris Component# Bhd at an average price 0fRM2.90 per share, raising its stake from 43.25 per cent to 43.17 per cent Amtek will ftmd the purchase from internal sources. executive chairman and
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        • 67 18 [SINGAPORE] Printer and publisher SNP Corp has agreed to buy Interad Advertising Consultants Pte Ltd from Temasek Management Services Pte Ltd. SNP is paying $1.2 million for the one million $1 shares comprising the entire issued and paid-up capital of Interact, to be financed
          67 words
        • 62 18 [SINGAPORE] Mainboard-listed Want Want Hokiings baa signed an option to buy an office from FJ Benjamin on the 17th floor of Orchard Towers for $6.05 million. The freehold office unit with gross floor area 0f3,800 sq ft is valued in FJ Benjamin's books
          62 words
        • 62 18 [SINGAPORE] Van Dar Horst has clarified that market rumours referred to in a BT report yesterday about the group laying off dozens atworkers from several of it» Singapore operations are unfounded. It added that the reduction in staff at its service engineering division was pert of an
          62 words
    • COMPANIES
      • 400 19 BA Q2 profit falls 44% on crew strike, stronger 2nd straight quarterly decline for airline after passengers turn to rivals during strike Bloomberg [LONDON] British Airways pic's profit plunged 44.4 per cent in the second quarter, hit by a summer strike by cabin crew and a stronger pound that cut
        Bloomberg  -  400 words
      • 498 19 It's said to be near agreement on investing np to USslb for stake in US West NYT Bloomberg [SAN FRANCISCO] Microsoft Corp is close to an agreement to invest up to US$l billion (511.6 billion) in the cable television operations of US West, according
        NYT; Bloomberg  -  498 words
      • 248 19 FT [BONN] K r upp Hoesch and Thyssen, the German engineering groups locked in an acrimonious takeover battle this year, said on Tuesday that they have agreed to merge. The surprise announcement, made after German stock markets closed, presages creating a company with annual
        FT  -  248 words
    • FINANCE & COMMODITIES
      • 477 20  -  Optfatkos expected to jtow at 40% a year ovefaert few years, sajtMokr official By\ Shiv Taneja The operations of UNton-bank financial giant GE Capital have emerged unseated from the recent financial Ifrmoil, and in fact are expectgl fa grow at a massive 40 per
        477 words
      • 310 20  -  UnflrUiiitymr buy# raises worries of exodus By\ Shiv Taneja [SimfOßE] With Credit Boston not interested In buying Barclays Banf£BZW investment banking ojjrations in Asia, there is conottn -that BZW Asia may losevfnt of its people before a buyajfid found. Ftttyng up a brave front yestenay,
        310 words
      • 197 20 FT [TOKYO] Putnam Investments, a leading US fund manager, is aiming to make Japan its largest overseas market for its operations outside the US. Putnam is stepping up its plans to move into Japan's lucrative pension management market on the back of a recently
        FT  -  197 words
      • 226 20 himnt Report Reuters [SINGAPORE] Slmex Euroyen futures shuffled in narrow ranges but held a firm tone yesterday on persistent Indications of weakness in Japan's economy. Dealers said that news of Sanyo Securities' bankruptcy continued to underpin the market, which also found support in Tuesday's data
        Reuters  -  226 words
      • 149 20  -  MSCI TAIWAN FUTURES Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd. [SINGAPORE) The Simex MSCI Taiwan Stock Index futures traded lower for most of the session yesterday. Institutional activity was moderate wilh some buying seen at the -10 point discount to the
        149 words
      • 246 20 ENERGY BEPORT Reuters {DUBAI] Saudi Arabia's initiative to get the Organisation of the Petroleum Exporting Countries (Opec) to turn up the taps in 1998 would, if adopted, mainly serve Riyadh and its Gulf neighbours, analysts and regional industry sources said yesterday. Riyadh's proposal
        Reuters  -  246 words
      • Article, Illustration
        893 20 DrraBAMK CROSS RATB8 g H w unnnqi* —i i tasmn h* n tmt m mt rntfmt m ECU U30 1403 9.499 6J08 1*73 U4i 4L50I***** UN HOIS U09 *****0466 ***** LWO SJM iSJSJfcw fij5 nK g «j sH 'H Z 35 5S iswffliasasaasagfflaia St «S5 iS oSg 331SS iS £3
        893 words
      • 276 20 Reuters London THE US dollar advanced at mid-day against all other major currencies from its morning levels, boosted by a dip in German industrial output and a weakening yen. At 1235 GMT, the dollar was at 1.7316 marks against 1.7244 on Tuesday. The greenback stood at 122.65 yen
        Reuters  -  276 words
      • 197 20 Bloomberg [NEW YORK] Donaldson, Lufkin Jenrette Inc said it formed a joint venture with Simon Deßartolo Group to invest at least US$l billion (Ssl.s billion) in race tracks, movie theatres and other entertainment properties in the next 18 months. The partnership, called Simon/DLJ
        Bloomberg  -  197 words
    • 1190 23 MOOMFPTUMS Sov5 BK* We*de*e«#13dpti tcwTMOttM*** om 1*2 jm SKcW 02.75 ,.y *»f S5 SS 55 K S S UrM nan H0.75 Min J25 SSST5 SS *S5 0d**96 WJS 2»5 r*,* V\T *i' ,v 1 _4 v \v« c% «PIC mm Jjm STn iuS S5 55 3S jg jm
      1,190 words
    • 1614 23 AFP Qnuas -Bios SHARE prices closed 0.3 per cent lower yesterday on selling by foreign investors trying to cut their exposure to Asian markets, brokers said. The 225-share Nikkei Average fell 52.05 points to finish at 16,448.05, while the broader Topix Index fell 8.33 to 1,274.63. An estimated 340
      AFP  -  1,614 words
    • 1919 23 X) Naca *h 31 Croup 475 -12 AB Ports 282 -1 AMay National 850 -lt3 AIM Domocq 503 5 A mac >41.400 -2 A uta Group 153 -.200 ■ATM 543.400 -16.600 BG Pie 267 1.600 BKC 167 6.600 BOC Group 1039.050 -9.950 Bit P»(rofum 801 -2 BTR
      1,919 words
    • Article, Illustration
      1559 24 AFP Q Hang Seng -99.03 SHARE prices fell in cautious trade yesterday as investors ignored a stronger overnight close on Wall Street. "The market is trading without any real direction," said an analyst. "There was a lack of interest on the part of institutional investors." The Hang Seng Index
      AFP  -  1,559 words
    • Article, Illustration
      580 24 Reuters FlShaufaaiß Index ♦IH THE Shenzhen B share market ended higher in thin trade yesterday, aided by buying by retail investors. The B Index rose 2.94 points to 118.05 on thin turnover of HK$2l million. The A Index rose 7.48 points to 427.50 on turnover of 8.8 billion yuan.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  580 words
    • 405 24 AFP Mwr Index +78J0 STOCKS rose yesterday due to strong foreign investor interest and buying of electrical issues, dealers said. "Electricals replaced financial issues to become the leading sector, following recent sharp plunges on hightech shares," a dealer said. Foreign institutional investors have begun buying shares at low levels
      AFP  -  405 words
    • 266 24 Reuters Q Wellington *458 SHARE prices closed slightly higher yesterday. The market started in negative territory in the morning, but positive comments from Moody's helped it to close up. The NZSE Top 40-share Index ended 4.58 points up at 2,474.6 on good volume of NZ$72 million. Reuters fc»i cs
      Reuters  -  266 words
    • Article, Illustration
      831 24 AFP F1 SET lata *£78 SHARE prices rose in volatile trade yesterday amid speculation over the shape of a new government to follow the imminent resignation of the current premier. Bargain-hunting took over in the afternoon on expectations that former premier Chuan Leekpai, leader of the opposition Democrat Party,
      AFP  -  831 words
    • 434 24 AFP rl Composite Intel ♦111! SHARE prices rose yesterday, with sentiment buoyed by the stable won and a slowdown in foreign selling. Gains by Financials amid takeover speculation helped lift the market in mid-after-noon. dealers said. Retail investors were the main buyers. The Composite Index rose 13.61 points at
      AFP  -  434 words
    • 603 24 AFP DAPOrdmariM -&8 SHARE prices eased 0.2 per cent yesterday after a rush for bargain banking stocks in the last hour of trade helped pull the bourse back from its intraday low in an otherwise modest trading session. The key All Ordinaries Index finished 5.8 points lower at 2,545.8
      AFP  -  603 words
    • Article, Illustration
      684 24 AFP □Composite Index -3M STOCKS fell yesterday as investors remained cautious amid worries of a row between well-connected businessmen and the government following the closure of 16 banks. "Investors have been worried about earnings quality of most listed companies in the short term and now they have to think
      AFP  -  684 words
    • 312 24 AFP PjMi *1183 SHARE prices rose yesterday, driven by surprisingly lower inflation rates for October. The National Statistics Office announced that the inflation rate in October hit 5.7 per cent from a year earlier. The PSE Composite Index rose 19.53 points to close at 1,900.67. Turnover was 737.5 million
      AFP  -  312 words
    • KUALA LUMPUR STOCK MARKET
      • 251 25 Reuters Hftmpoßtahig *7*2 SHARES closed higher yesterday following a slightly better-than-expected trade surplus for September, dealers said. The KLSE Composite Index rose 7.82 points at 733.76. It had dipped to as low as 706.90 earlier. The Emas Index closed up 1.33 points at 205.47,
        Reuters  -  251 words
      • 211 25 CMMMTfrt 17 27 12 M tr4 M 40 M Construction IS I Tr*«n«/VK M mlrutry I 3 0 f>WKi M U MM 1 1 722L i rzr o d LOW 13 99 20 WWWorranti 3 0 0 ImM tan 57 MS 47 amtfTK 0 0 1 Total 242 400 m
        211 words
      • 8274 25 ■wfliuu "vr Mm> law Cimpaay S— OOP Htph Lear P/I la* 7*) ISO AJinemoto 400 22.2 »2.1 448 204 tn#uu 230 unch 1 230 230 339.1 •OS 370 ApaAoraoJHh) 4M ynth 59 4M 454 MJ 19*2 7U 372 BarlayaLand 440 14 293 440 430 22.9 ***** 6*0 344 lv|< V
        8,274 words
    • WARRANTS & OPTIONS
      • 208 26  -  WARRANT WATCH Hy R Sivanithy ON THE face of it, Tat Lee Bank's latest warrant must rank as one of the best bargains in the market. At 36 cents, this just out-of-the-money warrant with an exercise price of $2.59 commands a very reasonable 16.14
        208 words
      • 3626 26 BONDS, LOAMS i VARIANTS Kt IW7 LMt Vol Day LMt Ouot* Avg Lm StM Company S*l* (000) Hl«h Low Buy*r Sotlor Pr)c* 68 20.5 m 3000 m AMOS cS.5%****** 23.5 H>.5 2 23.5 23.5 23.5 81 15 3V60 Acor ******1USS 22 -3.5 49 26 22 22 23 131 23 3164
        3,626 words
    • 2397 26 MALAYSIAN STOCKS Gr Gr 1997 Lot Vol Day Last (Ml Mv O* YM Not M Cap W0» m Stno Cim>»wy Mi COOP) H>» Low urnm CH P/C jma 478 120 mt5000 AISB 50t 154 cd 46 t5« 09 154 157 53 3J 0.8 57.2 158.0 137 35 mt
      2,397 words
    • STOCK EXCHANGE Or SINGAPORE
      • 766 27 m r «s is i n ess jsb J® «*a 4I JK»<Lfc<«MU, HIM m+mmrwlm. mn*n MAM «UJ* 7 K J t)T iL »H«M W BB «H* «r «M» JfiLjUi" 1 2 2b M to 2 M M 11 JfiSr T W 2 I "55* 5t» > J J f •fe
        766 words
      • 3601 27 Or Or M art LMt Vol Day Last Oiwt* 0»v DSv VM N£ Cm A»9 M«fe LOT Sttta -|-rr-r m« COOO> U; 8uy«f MIHT cur M v -157 40 1010 ACt(>rj;fl»*»«Oe -g* S -3 33 .24 122 tti 8.0* 4.i li 91 202.0 J '3 M it 2
        3,601 words
      • 763 27 Or Or H tl M7 Last V« 0»r LMtOMli Hi Dh W W C* u» WW Cin«»v I* *h rooo> huh t— —r» cw m I— 1*4 74 4 2000 Afft m "i 349 132 130 111 131 W W 0.1 147.1 54.3 131 444 u5 2049 ASASJIOC 30*
        763 words
      • 210 28 ttrrftt VdHM •RHBCapWt99 10,788,000 SingTel t5c 5,680,000 Hotting In* MT5 5,415,000 •Rekapacific BH 5,265,000 •Land General 5,154,000 •MBF Land BM 3,670,000 HKL*FWt97l203 3,360,000 HKLandUSIOc 3,277.000 IPCCorpn5c 2,938,000 Asia Food&Prop 2,822.000 StKto t SIA Foreign 31,417,372 U06 Foreign 19,432,920 08$ Foreign 16,744,584 0U8 Foreign 14,871,504 SingTel 15c 14,754.082 OCBC Foreign 12.487,458
        210 words
      • 675 28  -  STOCK MARKET COMMENTARY The only saving grace in a very cautious market is that the benchmark index maiiflgAg to dose above the 1,700-point level By R Sivanithy [SINGAPORE] After rising for four straight sessions, the local stock market yesterday succumbed
        675 words
      • Article, Illustration
        59 28  -  l-by Shiv Taneja OUB FOREIGN closed 10 cents higher yesterday at $5.75 on a volume of 2.58 million shares, compared yoith its 10<lay traded average of 2.7 million units. Investors who haven t already bought into OUB's Foreign tranche should do so, as most of the technical indicators
        59 words
      • ON THE GRAPEVINE
        • 107 28 MELBOURNE'S Crown Resort casino recently took out 35 advertisements ranging from quarter-page to full-page in a Malaysian daily on one day alone. The publicity blitz prompted at least one research house in Malaysia to reinforce its sell recommendation on Genting Bhd and its casino arm Resorts World in
          107 words
        • 144 28 YOU've come to the right place. While blue chips lose their lustre on the KL stock exchange. North Borneo Timber or NBT— dubbed an acronym for "Nothing But Trouble" a couple of years ago by disgruntled punters—has continued to rise. TTw counter closed at RM53.50
          144 words
        • 113 28 HALF of all merger and acquisition activity in the United Kingdom is from management buy-outs and buy-ins, says 3i, a UK-based firm. Buy-outs happen when the incumbent managers take over the company while buy-ins are when a new management team takes a stake in a
          113 words
        • 110 28 YOU've done all your painstaking research and written your speech, and the fourth annual Asian investment roadshow is due to get underway. Then along comes the October crash Mark-11. Back to the drawing board! Delegates to the JP Morgan Fourth Annual Fixed-Income Investor Roadshow which got underway in
          110 words
        • 68 28 AT LUNCH with a very prominent and reputable Thai stockbroker yesterday, we overheard a striking admission. "1 don't buy Thai stocks, never have," said the broker who has spent his working days for the past many years persuading others to do just that He
          68 words
        • 98 28 A BUSINESSMAN commenting on the recent spate of corporate buy-backs of shares by directors related his experience in the Thai stock market. "We thought it was such a wonderful opportunity to buy back the shares of our company a year ago because the stock
          98 words
  • Page 17 Advertisements
    • 167 17 p a vXN 1 Space Technology Puts flore In Your Cane More Distance? flore Accuracy-i flore Satisfaction. It's the only club that uses the same carbon-graphite fibre developed by NASA for its outer space programmes. Solid, light-weight and aerodynamically designed from head to shaft, the club has been the top
      167 words

  • Page 18 Advertisements
    • 506 18 fa WEE POH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Second Annual General Meeting of the Company I wiW be held at Board Room One, Level Two, Pinetree Town Country Club, 30 Stevens Road. Singapore *****0 on Wednesday,
      506 words
    • 79 18 THE PENINSULA MANILA Comer of Ayala 61 Malun Avenues, 1226 Makati City. Metro Manila, Republic of the Philippine* Tel: (63-2)812 3456 Fax: (63-2) 815 4825 The Peninsula Gtuup Reservations Centre, Hong Kong Tel: (852) 2732 2933 Toll Free: 800 2333 5555 (Singapore) The Peninsula Hong Kong Manila* New York* Beverly
      79 words

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    • 330 19 Creating an impact in the heart There are approximately 53 million overseas Chinese in Asia, with a total economy estimated to be the third largest in the world. Yazhou Zhoukan is important among these Chinese. Not only is it the only Chinese international news weekly, it is also the voice
      330 words

  • Page 20 Advertisements
    • 110 20 Pound for pound, the best authentic lunch around, i i BuU For just 19 you'll enfoy an "Old World" of wonderful Peranakan food at St. Gregory's Brasserie. Outside of Malacca, one of the best places to enjoy Peranakan cuisine is at St. Gregory s Brasserie. Our talented chefs won't disappoint
      110 words


  • Page 22 Advertisements
    • 2577 22 Notices To advertise call toll-free 1800-741 1883 This announcement appears as a matter of record only 'SS SAN TEH LTD (Incorporated in the Republic of Singapore) ISSUE OF 35,091,789 WARRANTS ("WARRANTS") TO i SUBSCRIBE FOR 35,091,789 NEW ORDINARY SHARES OF 550.20 EACH IN THE CAPITAL OF SAN TEH LTD (THE
      2,577 words
    • 43 22 Get to know the many items for sale services offered business opportunities used car listings i i announcements travel destinations real estate listings U and bargains to be found in The Straits Times I Classified! CAT& $r" 1 so, ol p w l#l
      43 words


  • Page 24 Advertisements
    • 63 24 CKMVI GENEVE W y Mj J V n*T m Master of Comptications SINCE RE SINCW WATCH UMHH): SINGAPORE NCEE ANN CITY Til: 733 Mil Chronograph Cintr£e Curved MNK watches MARINA SQUARE TEI: 33S 4006 LUCKY PIAZA TEI: 737 4593 SUNTEC CITY MALI TEI: 337 5150 T*; r MALAYSIA KL PLAZA
      63 words

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    • 46 25 I Don't miss %~1 f *&!> our day may be over but your night is just rWf jJ beginning! Get a drink, go dancing, ear a es see hottest band in town... Explore the possibilities with our AFTER 5 listings. Every Friday in The New Paper Fastads.
      46 words

  • Page 26 Advertisements
    • 53 26 S Hello, I saw your /Hi d i\ was advertisement in 8 ng a nice surprise. J The Straits Times I \Thank you^^ bouquet of flowers V MKk a, C iMK/CT \1 Buying or selling through I Glad you t The Straits Times Classified is cMM's Play. l dP Call
      53 words

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    • 1657 28 BUSINESS Notices To advertise call toll-free 1800-*****83 M THE MATTER OF THE COMPAMES ACT, CHAPTER SO JURONQ SERVICE STATION (PRIVATE) UMTTED MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Matting of the Company convened and held at 10 Anson Road. #11-20 International Plaza. Singapore *****3 on toe 29 October 1997. the following
      1,657 words
    • 266 28 TMCCOMMMEtMT.CAP.iI SILO DEVELOPMENT (SEA) PTE LTD (taVokmfcry WMlng-Up) At an Exbaovdbwy Ganam Maadng of Dm abownamad Company Md on th* 31st of Octobar 1917. An fpHftrrtflQ Special Rssokitkxi wis duly pasttd:"THAT Km Company ba wound up voluntarily pursuant to Sactton 290(1 Kb) of tlw CompanMs Act. Cap. 50 and thM
      266 words

  • SHIPPING TIMES
    • 337 29 Bridge News, Reuters RATES continued to ease for large modem Panamaxes in the east with new business still limited despite a return to work in Japan, brokers said. The sentiment on Biffex remained sour again, Clarkson Securities Ltd said in its daily report. It was led by the
      Bridge News,; Reuters  -  337 words
    • 257 29 hi n *t- w cwtdm am -&04 11 OmmiM* OM -0.01 M CMcakw 0.43 *OOt M rrMMLMu 0.33 uncft 174 6* MlHim OM -0.015 1 >ws«ihhp ars -0.02 33 HKKNZNM 0509 *0.005 45 MC HMh«l HKS.40 0*05 -0.015 24 JWMWlUrt—7-25 -as 24 K«99al CtntraMm_ 5.10 -0.25 IMS MW«rCLS
      257 words
    • 351 29  -  Number of incidents dropped 10%, death toll jumped 73% in first 9 months By. Rahita Elias [SINGAPORE] In the first nine months of the year, 45 crew were killed and another 28 injured when pirates attacked their ships, according to a report by
      JEN CHUA  -  351 words
    • 59 29 [DARWIN] A lift operator runs for his life as a US$l4 million (5515.4 million) Australian Navy patrol boatfalls from the synchrollfl during a second attempt to launch the new vessel. The 217 tonne HMAS Gawler had been left balancing precariously on the slipway after the massive synchrollfl
      AFP  -  59 words
    • 395 29 LAT [LOS ANGELES] Most of the vital sectors of Los Angeles' economy have been locked up by the traffic jam that has snowballed through the Union Pacific Railroad's troubled 57,600-km system since Monday. The trouble has stranded cargo in the
      LAT  -  395 words
    • PORT Shots
      • 75 29 AFX-Asia [TOKYO] September shipbuilding orders rose to 1.86 million gross tonnes, or 26 contract vessels, from 785,138 gross tonnes, or 27 vessels, a year earlier, the Japan Ship Exporters for 12 and orders for 14 bulk carriers totalling 497,600 gross tonnes. In the six months to
        AFX-Asia  -  75 words
      • 65 29 Bernama-Xinhua [DALIAN] China stopped some 200 ships carrying foreign garbage from entering the country last year, according to a state environmental protection official Following the shocking exposure of imported chemical reftise in 1994, China has stepped up its checks and supervision on rubbish imports
        Bernama-Xinhua  -  65 words
      • 76 29 Reuters [SEOUL] New orders received by South Korean shipbuilders surged 183 per cent to 10.77 million gross tonnes for 172 vessels in the first 10 months of this year, the Korea Shipbuilders' Association said yesterday. The 10-month figures compared with 3.81 million gross
        Reuters  -  76 words
    • 418 29 Journal of Commerce (NEW YORK] Panama Canal authorities are set to rewrite transit rules by December, including restricting drafts, if the El Nino drought continues to shrink water depths. "El Nino is really affecting the whole region. This Nino, they
      Journal of Commerce  -  418 words
    • 364 29 Penang Shipbuilding to prepare privatisation report on Alexandria yard [SINGAPORE] Malaysia is to enter into a technical cooperation, information and training arrangement with the Port of Koper in Slovenia. Malaysian Transport Minister Ling Liong Sik said that the pact will also cover
      364 words
    • 729 29  -  SHIPSHAPE By Felix Chan IF IT were up to Hans Ludwig Beth, the Port of Hamburg's mantra would be "we do anything and everything". The Port of Hamburg's chairman of marketing and public relations is convinced that an increasing number of ports
      FILE PHOTO  -  729 words
    • 820 30  -  XMDXAM POWER MARKET Businesses are keen to set up terminals and transport LNG to India in vessels to meet projected high demand By: Rajendra Bajpai in New Delhi A HOST of foreign companies have expressed interest in setting up port-based liquefied natural gas (LNG)
      820 words
    • 233 30 PAGE ECl S ACl 9 EES 8 AM. 3 Accord Ewofcaw S E r f recn Astro J fmmt 1 Aastral Fl«*t t Avant 6 1 ISA 7 4 Gcmartrans M J Gcnshpq uTLr 4 CCMI 7 clu I Hanoh B cosco s
      233 words
    • 24748 38 thebusinesstimes EXPORT CTA IT A Advartitar V«M Voyao• T#t«pHona IT* [TA Advartiwr Vnul Voy*»* Talaphona «W Poof* Nit Noma NmnOir Numfcor SIN DbI'ii N*m« Nam* ftumec NumOar MWWIMMMBRMMMMHHMMflNMHMMNMHMMHHHHHHMMIHMHMMMB aMMMMMMMBNMMMMMMN*aNMaBaBWHMMMRBMBMMNMaaaMMB*NMB a To BARCELONA (BCN) 2042 Spj/n To ABIDJAN (ABJ) 2003 o?/i 20/1 cosco dainty river oovm *s-mm Ivory Coast,
      24,748 words
    • SHIPS IN PORT
      • 718 43 Um< Vt Mb Nrtli jwW JBlNI MM 1 JM lll.pm M.1VMM KMC MOT JM M|Ml OiOTJO U»MI mm JM MM* MWMM tor Mt MOT J01 MM MWBM ■auk M JM *M«* MllrtMf imim mm jm mm* mwmm MM24TS Off? JM «MHi eiywo hta OMM JB MM B.W* Mi
        718 words
      • 1100 43 RECEIVING OF EXPORT Fa CONTAINERS AND La CAROO SMp *W W ttfc/ifr NrtW hi U Hi kiuk tm mum m mm tvwt mm ww mm ami a wm mm km a WWW M*W WWW J IWil WW MAM 4 wm m/mw wim MM WWW 5 WM (VMM HM
        1,100 words
      • 138 43 Rotl Israel, Morocco, Tajikistan I Bangladesh, Russia, Tunisia, Ukraine NavS Ukraine Xm» Spoin (Madrid) MnM France, Panama MmtU Angola Belgium: Remembrance Day. Canada: Remembrance Day. France: Anistiee Day. United States (banks, govt offices) Veteran's Day. NM£I India Taiwan Dr. Sun Yat Sen's Birthday. MmtM /ran, Jordan, Sri Lanka
        138 words
      • 855 43 THIS report. complied by Cockett Marina Otl Ltd. show* price rangM In US dollars Instead of single pricae (far a mors cooprehenalva deecrlpdon of tha markat Price* shown art baaed on averageslaed Mm. Markat movemanu art lndleatad. The Cockett Bunker Price Index changt and tha Individual
        855 words
      • 340 43 CwftMi MO Mm 9924 to 17 J O N 55 0.04 MM ImUh M h*M[21 1 0 3 0 0 .0 1 -MO On 90S.9 OJ 04 0.07 II 0.02 tali M0 Mb Ml OJ *.7 0.09 91 0 00 WP1 %wm mm mm* mm* US
        340 words
    • AIR & LAND TRANSPORT NEWS
      • 539 44  -  Guiiers hope to join 6-member group early next year, says Air NZ general manager By\ Felix Chan [SINGAPORE] Air New Zealand and Ansett Australia expect to throw their collective hats into the Star Alliance ring in early 1998. "We have indicated
        539 words
      • 326 44 Reuters [PARIS] European aircraft consortium Airbus appears to have overtaken archrival Boeing in the sales race so far this year, following an order for 124 Airbus narrow-bodies confirmed from US Airways. Airbus has only once beaten Boeing in annual
        Reuters  -  326 words
      • 483 44 Car maker concerned about new entrant Samsung, foreign competition Bloomberg [SEOUL] Hyundai Motor Co, South Korea's biggest car manufacturer, said it will cut 5,000 jobs a ninth of its workforce by 2000 amid rising costs and increasing competition. The move comes
        Bloomberg  -  483 words
      • 237 44 AFP [HONGKONG] The Hongkong government reiterated yesterday its plan to open its new multi-billion-dollar airport next April even if a railway line direct into central Hongkong was incomplete. Nicholas Ng, secretary for transport, told the Provisional Legislative Council that
        AFP; FILE PHOTO  -  237 words
      • 461 44 Reuters [PARIS] Prime Minister Lionel Jospin, seeking a quick end to a crippling truckers' strike, pledged on Tuesday to speed up a settlement by applying even a partial agreement to the entire industry. "The government strongly hopes that negotiations succeed and commit as many
        Reuters; REUTERS  -  461 words
      • 217 44 AFX-Asia [KUALA LUMPUR] Malaysian Airline System Bhd said its inbound passenger load had fallen by 10-15 per cent due to the recent air pollution problems. The New Straits Times quoted vice-president (passenger sales) Rashid Khan as saying that the normal passenger load
        AFX-Asia  -  217 words
      • 1350 44 air wn n* maw in w mm mm am mmMt era on om 20M mm sww mo ww w» 1- Q» (mm svtqm mo Amter*. UJ43 0550 U.I30 ZDS M M CD5IM5 0125 0700 K2t 2355 CZ353 2035 SMM 1025 S02S 0700 S02« 2355 yiO* IJ»
        1,350 words
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    • 1176 30 liomc W *1111 mi njl 11.11 1411 ■■■■■■■■■I Kimm mm in mi mi hji mi tin an an IfcniHliill 111 il Hi—Ml ■HTTUJim Nlllli niiil fTTlli 1 r~l lof hißCßar^^——— JSLMMLM «dJ JUL IMJ 17.n n.n tin an an «WU*MI mi UlBMmillll wmct»m\ WWWfIH^MW r jour *«a *n HI! n.n
      1,176 words
    • 31 30 Unas A mtvicm rapTM«ntod M (ftmm *M^«0'•» l\ vS&V'V Accredited SNppng Agents U|2u Singapore Frettf* F<mrdm Aaeooeion e^° ttr sa,^ig-^ &^itnioJio Just talk to us... Iris Lisa 740-2044 Jsrrod Leong 740-2089
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    • 1065 31 fkCXfK SOUTH WIST EXPRESS (MR ICQ ALSO ACCEPTING WAWAUS VUIAX/HOU 1 Ivcsa Ivor na Iswra lawnp ui w wrc m. m in m.W6MM 0171 00/10 01/10 W/10 24/10 »/10 W/10 20/10 >0/10 »/10 19/10 20/10 >1/10 m.mn om T57i0~ ~is7iiT "io7ir "5T7i0~ 047fi~ ls7fi~ os/n os/ii lo7n~ os/n ~is7rr oy/n
      1,065 words
    • 1860 31 0 HANJIN SHIPPING mi va/yor |ib| im mi uwnmh/vot »|w oi wi w |m|k»|wii|w |«n|n»|m |iw|m|m| yggjg w/n w/n w/n w/n gfli >i/ii u/n n/n u/n n/n u/n w/n "w/ii |w/n ti/ii I >i/n lw/11 lw/111 nwaswwioMi u/n 11/11 m/ii w/u m/ii w/11 w/11 w/11 w/u w/11 m/ii u/u "n/n
      1,860 words
    • 84 31 ORIENT EXPRESS UNES (U.K.) LIMITED i 134.1. (MANAGER FOR SHREYAS SHIPPING LIMITED) vest rot smwox w»w vcsn wi ioww swmwk KEDAH 007 06/11 16/11 ALBERT BRIDGE 006 05/11 14/11 ACHIEVER 002 11/11 19/11 NORDKAP 418 06/11 17/11 ALBERT BRPGE 007 16/11 24/11 OOQ ADMIRAi 006 15/11 24/11 NORDKAP 419 19/11
      84 words

  • Page 32 Advertisements
    • 857 32 <1? DSR-SENATOR Round the World Container Services m M w rtm mi wan m I um~ Mf um m Im [w Iw faT" CMVMWMUI «M 7« Wll M Alt CNONMSMNT B7M It.W UK M.W KM 17.W ■11 ammcma mm an an an an tin an an ommctocx mw km m
      857 words
    • 1044 32 MY Mwnat MM Ml* Mp; //www.ymLcotn.tw »B« VOY LEH FIT HAM MR MM M MING SON A737E SLO SLO SU) SIO SID 05/11 MING GALAXY A736E SIO SLO SLO SLO SLO 12/11 PAX A739E SLO SLO SLO SLO SLO 11/11 GIBRALTAR BRIDGE A74OE SLO SLO SLO SLO 11/11 2VI KWtL
      1,044 words
    • 452 32 LINE V" J mi UMSN MX* 1111*37 1 MUAHA 1 LAKMH j rasa vot n» m rasa hot nt m swa nimu inn m imam vm/w */n 11/11 jraosra vw/vn/iiivii weeon v*/v m/ii 17/11 «moovr y*/»7 14/11 u/it j mow vj7i/*7 n/11 n/11 jnosnt vwi/w n/11 a/11 w*/»7 a/11 a/11
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  • Page 33 Advertisements
    • 1078 33 IWMB. VOV lUN lUK I POU WCO WW I M.W I OUH I»A BBC RAN VAHOAT PJL-1253 04AM 31/06 07/00 **/00 24/00 MAM VAHDAT PJL-1200 17/10 18/10 «B/10 *7/10 MANVAMOAT M.-IMB 17/11 10/11 *0/11 »/11 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN i CIS COUNTRIES I.E. AZARBAUAN, ARMENIA.
      1,078 words
    • 996 33 akimhww jfjjl (caiait wmnj I SJNGAPOtE'S GCNfRAL AGENTS: 6 SHWTON WAY T!L 226 1900 FAX: *****01 OUTWAM (I A) COSTA* SHIPMN6 PTE LTD #17-MNSHM SAUS/NCS 420SMi/43 inwaidDCTT(D/O> *****15 COSTAR AGENCIES (M) SM BHD aiIOiII7»7IHHMI TOWBTWOCAMW) COWVBmOIIAI *****50/55 T/SHWITIIFT *****2$ Tib >2-*****1166 FAX; 02-07-lSttlTI rtcW HT~ MK) M K s,w K
      996 words
    • 509 33 |_tJ nBWMWMwm SSSSt 1 SKOAUZI M ROtO 4 WAVY UFT UPTO 122 TONS KL (SNKtfOtf) fH HI 1 ».P I" I.N W LOADING FOR PORT KLANG/MUARA I PORT KLANO/CEBU/MANHA MV "ABIE KNIGHT" V.12 MV "CEILO AZUL" V.I3A ETA SH 8-9/11/97 ETA PKL 10/11/97 ETA SN 11/11/97 ETA PKL 13/11/97 ETA
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  • Page 34 Advertisements
    • 1045 34 -"Wre^^m fiSFI RON MW HN W B UN LHV TUP ROM ANW HOG PM. UP E. RACER IWill 00/11 20/11 03/11 IS/11 11/12 02/12 H/12 I. REFINE RE-013 10/10 14/10 11/1* 15/1 17/11 10/11 11/11 I. DECENT RW-M1 11/11 o*l2 11/11 M/ 12 M/ 12 M/ 12 11/12 E QIVfN
      1,045 words
    • 991 34 IVtSUI VOTiM WMIIMWWmHI VCSS& VOTMI MM MAMMMm MP I UMCOKOU Ml-041V IVII 7VII 73/11 74/11 2VII IVII VII VII MMSI 0477 Mil VII VII 77/11 VII 71/11 l|/ll I INMW o*7oo* VI VI VI 01/17 01/17 VI7 VI7 01/17 MUM 047M011 11/11 11/11 VII 04/11 K/ll 17/11 I Ivissti votmi
      991 words
    • 351 34 /CZT mcV NANTAI LINE RIUY CONTAMBNSD SfltVW TO MAURITIUS/SOUTH AHMCA msa I wr I 1 W) I WI I <w~ WMW 118 IS/11 If/11 n/ii mmmm tos mi h/ii p/i? »/ii MUWDMWI WIS 23/11 03/1? 67/1? 11/1? HWMWKBS >lIS »/ll 11/1? 17/1? jymona oxs «/n 11/1? 17/1? ?i/i? tmrnm ws
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  • Page 35 Advertisements
    • 642 35 i BSA x MM MYANMA \HHk FIVE STAR UNE r (My—t Natioaol Um) lotfaj for YmfM (Rangoon) Vtssa VOT SM fW KM P641 SAMMt 41 Sit ■TOMTOM I*7 HPT MUTW AMNTS: OOUSIUO SMPPMG ACOKIS ML TH 02-03-***** M PRL TH 02-03-*****01 «t m 01-04-MII4OI Ptt m 02-0/-*****21/4 BANK UNE (A
      642 words
    • 1035 35 /HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 Wt I MM I 10* SOA MH lUM m HI "*OUB 300W 09/11 M/ 11 17/11 29/11 29/11 29/11 02/12 HT COMMOOOtf MTU 10/11 01/12 04/12 M/ 11 M/ 11 M/ 11 M/ 11 MTfOHM MOW 13/11 10/12 11/12 13/12
      1,035 words
    • 509 35 FAMOUS CONTAINER UNES JIB; 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 g/ HOT UNE: *****33 (30 UNES) WBMgl—Bt- !■!*l■ l| HUH I—III If Ilium 111 l g 4 SAILINGS A WEEK TO S BANGKOK 1 J AND REGULAR SAILINGS TO CI^ABANG THAILAND BANGKOK f FOR BOOKING n *****33 V CONTACT AMY
      509 words

  • Page 36 Advertisements
    • 859 36 VESSEL VOY am BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 5j In pT 08/11 XETHA BHUM 2188 In Pt OS/11 PANUJHUM 01SN 07/11 18/11 XETHA BHUM ***** 07/11 08/11 PANUBHUM 018NB 06/11 11/11 AMAH BHUM 836 08/11 11/11 YAWTWA BHUM** 213N 08/11 12/11 18/11 ACX JAPE* 086 10/11
      859 words
    • 372 36 PUL NTERNATIONAL gragSMXsattttiftsr^r **"«w», iffli pTOM ill ■iMUUU 1«— TT7TTW "M/TT" TMTTJI/TT Bum iBUoJ/fflw U/iffsi llflli I hh mm Im I tr/11 Mfel 11/11 Inn I w/ii I 1 *8 MIMHifIM I M/ 11 IS I 11/11 IM I 14/11 SjjSiSf a |u/ IS I Im ffiti tg IH7II IM
      372 words
    • 643 36 rs ACCORD A SHIPPING PTE LTD m: S64SIIS (40 Urna) FAX: M ***** Km OAK B DMCCT ACCiSS Tit j SAA7SSS (CXPOKT kOOKINO) MfltflOMW tS7)MSIIMn 56*4334 (U»O*T DOC), 56W3W (WWOeT) PBMMB fHiXVI44i —UtUMTm//WWWJtCCOtO.CO«(LSO ilMtn (71) Ml I/7V POtT SMM row HA tin row IT* SIM jjfgF Wl tIW (FAR EAST)
      643 words

  • Page 37 Advertisements
    • 236 37 BSMBMI INDONEsiANABoNA^N^^ TWM Aurww I >»!lltl <IW 11/11 2VII OMIT 17/11 UpAUSTRALIA I m ww m m ijbamrnm |*Mi|!»ii wii|i»ii| 557 wo ivn 575 ■lanm ÜBpnivnl Iwa mm wa wu WLMm |*Mi|tffinyi|e/»| |*u|i4M|*tt|h/ifT" FEEPER SERVICE TO INDONESIA nwm.tum wrr itokl «t wt %m ESBSSSt hmm i Hfl!_ _SQI z CM
      236 words
    • 742 37 ADVANCE CONTAINER UNES (PTE) LTD API 140 Cw2 SOMt. 1240, PIL BuOdbig. Stngapof* *****0 Li ICL: *****21, RAX: *****10, TCLEX: RS 20M0ACLPL Cfl NO. **********0E OPCftATONS: *****0QT *****00 iiillllM I UMUHk l ail 11(11 5 3ftH£- lift! -Hfirfc- 3gri aing: me aft"™' ap- -Bra- -sate- ssssr 31 -safeaCAAt/r SES3SS 12/11
      742 words
    • 744 37 1M668L6 VO>y 1 JED WD LBI HAM HTM TW ZEE <MUEO6OE*m«A Haaw o*ll I*ll 21/11 3*ll 01m o*l2 OVI2 ""o*l2 Siggggi va— I*ll 2*ll 2*ll arm o*l2 I*l2 11/12 ~iana misogMBWA vaw 2*ll o*l2 mm IVI2 I*l2 17/12 17/12 I*l2 |T23Mr Wl2 I*l2 21/12 22M2 3V12 34/12 28/12 •M»«cCTPT—c^Qow>Mi.m(.o»m>now».»aiw«iiw<mMWHU^oowi(»QMi.oon«i«uwß|i>wPoniM>o>—wwuM»w)in» W
      744 words



  • Page 40 Advertisements
    • 44 40 To retrieve more schedules, just follow these simple steps... document 740-6000 tep be faxed Jj~ the port Step key in the four number •rjp digit code Key in your Exampte: 1 fax number To NEW YORK (NYC) 2275 for calis within Singapore UllitOd StBtBS
      44 words


  • Page 42 Advertisements
    • 307 42 SINO IXPMSS SHIPPING 11 COLLYER QUAY *06-01 THE ARCADE OINOTRANSI S (*****7). TEL: *****90 FAX: *****08 \VQj/T^ TLX: R*****1 BINOEX imomm snammai (cqntainii sitvici) Ytssa wm EIA SIWCAfOtE ETA HOW6KON6 ETA SHANGHAI if" I'M —m m m* —m—=*F= i "jl l jhoi iza mi I W/02 m 53 >751 12/12
      307 words
    • 187 42 CirrlT MB COUTH MtAmjimi >WABWA: < ,l)awwo 11 SHANGHAI I LAX/LGB/NYC MV KOtt WMMINA" V.WNGOIS MV "GLOBAL HORBON" V 0441 ETA SIN: 13-11-97 ETA SIN: 10-11-97 j SYDNEY/MEL/BNE/AIH AUCKLAND MV NKHXOYD ■MIMIB' V.O2S MV "HZ ITU' V34S ETA SIN: 08-11 -97 ETA SIN: 16-11 -97 FRE—ANTII PUSAN MV "NID JAVA"
      187 words
    • 108 42 iSSSMIIIIIIRRHRk ■oCEANJADE 04/11 NarffclnVAtw/BmVUK I ■SOLTA 12/11 RrtrrVAIWBnwVUK/Nari I ■SAMMi FORTUNE 2201 NwVßctnVAlw/BmVUK I J- Loads E7W. Indon— I ■PAN CRYSTAL I ■EVA MARIA I ■PAN FORTUNE HodaidatVJaddafVAqaba/Egypt/Tripoi I ■XIHAI I ■akarthos Dubai/A.DhabVßahf*vOwTVTwVKuwaft I toads Singapore, E7W. MaUyda. Indonarta I ■OCEAN HOST Los Angetoa/Ncw OriaarVChartaatorV I NorfoMSamdan I ■HANOYWVER LosAngalaa/NawOrlsm/ChvtaatorV
      108 words

  • Page 43 Miscellaneous
    • 121 43 LEG! NO R Thunderstorm c X\ V Slower w« cither Wind (traction with *peed in knots V Sidy Sky Wov.h*ght Serfoce wind* or* indicated by orrew* wfcidi My wrtfi tfce wind One hj» circle represents cofcn or and vonoWe wwid* 1 On* hoW Heche represent* 5 knot* On# ful fleche
      121 words

  • Page 44 Advertisements
    • 65 44 (I)M.V. -UONBAirvOY.iI AMD 31 OCTOBER 1997 (2)M.V. "TWINKLE ACE" VOY. 115 AMD 1 NOVEMBER 1997 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 7 November 1997 0900-1200 hours at P9 (NTY's Office). No further survey will be
      65 words