The Business Times, 14 November 1997

Microfilm: NL21049
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet- http://www.asial.com.sg/biztimes FRIDAY, NOVEMBER 14,1997
    13 words
  • Article
    MARKET SUMMARY
    54 1 532j»(+4.90) M m 74 (-7.82) H IT (OTP 1J 14*42 (-8.00) QSuiW Q ■UZETMOQDc KI<SE OOMP I77M 4S1 NIKKH 11,***** 4M HANGSENG *7*71 ***** «Bt INDEX MS 1 liM JAKARTA OOMP _4S7JS 1LM MANILA CDXP—ljMtf -KM TAIPH WPI _?JM14 -W7J1 SEOUL OOMP 119.47 +LK CUACHNAB—UMJ9 -1M0 AU8T ALLOW)
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  • Article
    FINANCE
    62 1 081 un t, i.7«i _mi DM- tS78__WI» TEN HI HTM Ltt m tsii mh RKf tOf UK ■A*T_ MM HM1 RUPfAHl* MM IjM7 3 PUMBIATES SNOAPORB* 144 KUALA UJlffMU L» JAKARTA 18J§ BANGKOK IMS MANILA 11M H0N0K0N0 171 TAIPH Ml SYDNEY 1M TOKYO IN SB0UL 1171 ZUBCr* 187* nUMBUKT—
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  • Article
    1998 growth forecasts for S'pore turn bearish
    561 1  -  Estimates 19 for Q3 tat slip to for next year 011 impact of regional slowdown By, Audrey Tan [SINGAPORE] While encouraged by a better-than-expected manufacturing recovery in the recent third quarter, most economists have turned bearish about next year's growth prospects. A BT
    561 words
  • Article, Illustration
    Lock icon Largest CBD site on offer could go for a cool $1.5b
    628 1  -  Developers, however, question the tuning of the ÜBA offer By, Ang Wan May [SINGAPORE] The sale of the largest-ever site in the heart of the enlarged Central Business District was launched yesterday, and estimates are that the price tag
    Source: LTA  -  628 words
  • Article
    US embassy in KL issues security warning to Americans
    839 1  -  Alert follows two death threat calls, could hit tourism By\ Meera Tharmaratnam in Kuala Lumpur THE United States government yesterday issued a security warning to its citizens travelling to Malaysia following what it claimed were death threats received at its embassy
    839 words
  • Article, Illustration
    Lock icon Singapore's US$5b aid to Indonesia exemplary: IMF
    476 1  -  Camdessus reveals rescue programme in Thailand going well By\ Siow Li Sen (SINGAPORE] International Monetary Fund managing director Michel Camdessus has hailed Singapore's US$5 billion (557.9 billion) aid to Indonesia as an initiative that the rest of the world could follow. "Allow me
    AFP  -  476 words
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      121 1 jMHMI I US Reset 1 v 6 miggMtod yesterday that the «ffectat the Asian crista on US and world economy could be more serious than he had initially expected, P|f 11 *.3-l* iaterte qp 12% Sing Tel yesterday announced a strong 12% jump in kiterim earnings tofMeim Tbecompany is confident
      121 words
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      9 1 Marina bids need SlOOm deposit at least, Pg 2
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      34 1 IMF chiefs statement, Pg 4 Camdessus praises M'sian budget, says analysts' reaction unfair, Pg 5 More reports on Markets in Turmoil, Pgss& 6 0 gofJUotl Available at Goldlion Boutiques and selected fine stores only
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Price gap between ECs and outlying condos set to narrow
      722 2  -  Recent tender results point to foil in current differential of 20% in prices By: Diana Oon GOING by recent tender results, the price gap between outlying 99-year condominiums and executive condos could narrow from the current 20 per cent. The
      722 words
    • Article, Illustration
      Lock icon HDB may stop resale if flat's price too low
      555 2  -  Kove will help smooth oat sodden price falls, say observers By. Abdul Hadhi THE Housing and Development Board may halt sales of resale flats in cases where the agreed price is too far below valuation. Prices 5-10 per cent below are
      FILE PHOTO  -  555 words
    • Article
      Marina bid deposit: at least $100m likely
      268 2  -  By. Ang Wan May DEVELOPERS taking part in Singapore's latest and largestever land tender will likely be putting in deposits of at least $100 million for the project According to the terms of the tender for the landmark reclaimed site in Marina South,
      268 words
    • Article, Illustration
      Headway in talks on stakes for 'big three' in Tuas Power
      515 2  -  Bay-in price hinges on outcome of negotiation for Natnna pus deal By'. Ronnie Lim TALKS involving the "big three" groups wanting to buy into Tuas Power (TP) have progressed to a "more positive" stage, with Sembawang Corp still expected
      515 words
    • Article, Illustration
      Lock icon Signs of cooling labour demand
      334 2  -  EYE ON THE ECONOMY Jobs By] Frances Lui OCTOBER'S job advertisement figures suggest a moderation in labour demand, especially for non-executive, manufacturing jobs, after a few months of strong growth. The volume of newspaper ads for manufacturing jobs fell for the first time since March.
      Source: STS  -  334 words
    • Article
      Just one bill for property tax and TV licence from next year
      270 2 TAXPAYERS will be able to pay their property tax and TV licence fee with a single bill under an agreement signed yesterday between the Inland Revenue of Authority (IRAS) and the Singapore Broadcasting Authority (SBA). The move aims
      270 words
    • Article
      Western Digital's output rising despite price war
      494 3  -  But disk drive maker says competition has led to growth being slower than planned By, Jennifer Lien OUTPUT at Western Digital's (WD) plants here and in Malaysia is still growing, although a price war has slowed growth down from original forecasts. "Volumes are
      494 words
    • Article
      Matsushita to train locals in latest technology
      363 3  -  From Conrad Raj in Osaka THE Matsushita group, maker of the famous National and Panasonic brands of electric consumer goods, will ensure that Singapore remains in the forefront of the electronics industry by training the Republic's researchers and engineers in the latest technology.
      363 words
    • Article
      Pakistan woos S'pore investors with special economic zones
      526 3  -  Visiting minister expected to raise plan with PM Goh By Yang Razali Kassim PAKISTAN. currently on a new wave of reforms, is prepared to set up "mini Singapore" economic zones to woo investors from the Republic. These special zones could cater to
      526 words
    • Article, Illustration
      Lock icon Micropolis appoints new S'pore liquidators
      197 3  -  By, Jennifer Lien REVERSING a decision to appoint Price Waterhouse as its provisional liquidators in Singapore, disk-drive maker Micropolis has named Coopers Lybrand to the post. A spokesman for Singapore Technologies (Sing Tech), which owns Micropolis, said the decision was reversed after it was discovered
      FILE PHOTO  -  197 words
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      121 2 This announcement appears as a matter of record only P.T. CAHAYA KALBAR TBK USD 30,000,000 Syndicated Loan Facility Coordinating Arrangers Rabobank, Singapore Branch r ™E. FX Rabobank Duta InttMfcsia Arranger The Sanwa Bank, Limited, Singapore Branch <5 Lead Managers ZZZ PT. Rabobank Duta Indonesia• The Sanwa Bank, Limited, Singapore Branch
      121 words
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      364 3 *1 i TlMEKNOWsWptjjtas. I up to its distinction as the oldest sense of adventure, courage and £rpry KQtfh (IniHlßg watchmaking company in the worjd, Vacheron Constantin craftsmen today pursue horological excellence imagination greatly defined the tm (ufn Lrnt, ami t&rrr with the same single-minded intensity as their forerunners. Consider this:
      364 words
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  • IMF STATEMENT
    • Article, Illustration
      Lessons from the currency crisis
      993 4 The International Monetary Fund has been at the centre of assistance programmes for South east Asian countries rocked by financial turmoil. Reproduced here is a statement made in Singapore yesterday by the Fund's managing director, Michel Camdessus. HOW could it happen? We have more or
      993 words
    • Article
      Countries will emerge stronger from the crisis
      755 4 THIS crisis is mainly a crisis of confidence. Where are we now in the process of restoring confidence? Well, you know that confidence once lost is hard to regain. It takes a strong commitment to economic adjustment and reform, demonstrated by implementation of
      755 words
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      236 4 n\ n\ I ■B I J 0 Wfff -fffl |f BSDSSB N H MM ■B I H t I, 1 B BEYOND THESE DOORS LIE HS ENLIGHTENMENT, ADVENTURE. AND B B B B I I Me|iidLEiT'UAL FULFILLMENT. H ■ft M ■B (OR CAKE. IT'S UP TO YOU.) ■B Bb K
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  • MARKETS IN TURMOIL
    • Article
      Lock icon Won stronger; Camdessus boosts HK morale
      377 5 Reuters, Bloomberg [SEOUL] The won closed stronger against the dollar for the third straight session yesterday, reflecting the Bank of Korea's intention to support the psychologically significant 1,000 won level, dealers said. Meanwhile, stocks rose for only the second time in eight days, as
      Reuters,; Bloomberg  -  377 words
    • Article, Illustration
      Lock icon Proposed Asia Fund needs US$100b or more, says Bergsten
      391 5 Reuters [WASHINGTON] An Asia Fund to help countries which get into economic trouble might need US$lOO billion (*****.2 billion) or more, US economist Fred Bergsten said on Wednesday. "The prudent minimum is US$lOO billion," said Mr Bergsten, a former presidential adviser
      Reuters  -  391 words
    • Article
      IMF chief praises M'sian budget, says analysts' reaction unfair
      437 5  -  Fiscal measures gpod enough to weather turmoil, no need for IMF aid: Camdessus From Eddie Toh in Kuala Lumpur ANALYSTS' reaction to the recent Malaysian budget was unfair and Finance Minister Anwar Ibrahim's fiscal bag was good enough to weather the
      437 words
    • Article, Illustration
      Lock icon Tokyo markets drop but end stable
      407 5  -  Investors await govt's economic stimulus package dne today From Anthony Rowley in Tokyo TOKYO financial markets stabilised yesterday after earlier turbulence as investors waited in anticipation of the economic stimulus package to be announced today by Prime Minister Ryutaro Hashimoto's ruling Liberal Democratic Party.
      REUTERS  -  407 words
    • Article
      Lock icon China holds financial reform meeting
      231 5 Reuters [BEIJING) Top Chinese leaders will gather in Beijing next week to focus on financial reform amid a market crisis gripping Asia, officials and state bankers said yesterday. A spokesman for the People's Bank of China, the central bank, said the conclave would last for
      Reuters  -  231 words
    • Article
      Jakarta stocks fall 2.6% on banking, earnings worries
      535 5  -  Bank Danamon shares suspended as price rises on takeover talk Prom S N Vasuki in Jakarta INDONESIAN stocks retreated 2.6 per cent yesterday over lingering concerns about the banking system and weak corporate earnings. The only excitement of the day was the
      535 words
    • Article
      Lock icon Chuan promises not to renegotiate IMF deal
      465 5 But top officials to dignigg tfiA pAfkagP with IMF, World Bank AFP [BANGKOK] New Thai Prime Minister Chuan Leekpai and his economic "dream team" pledged yesterday they would not seek to renegotiate the terms of its IMF-led rescue deal, despite Bangkok's persistent economic
      AFP  -  465 words
    • Article
      The Soros fallacy
      709 6  -  When Soros says, 'Buy% the world's markets buy but he Isnt always right Michael Lewis The writer is author of Liar's Poker, The Money Culture and Trail Fever [NEW YORK] SOME time in early 1987,1 mentioned to a large customer of mine that Japanese government bond futures
      709 words
    • Article
      Lock icon World growth to slow due to Asian crisis: economist
      407 6 Merrill tynch sees Brazil, Sooth Korea, China as hotspots Reuters [SYDNEY] World economic growth is expected to slow by almost one percentage point in 1998 because of turmoil in Asian economies which has already had an impact as far away as
      Reuters  -  407 words
    • Article, Illustration
      Lock icon Asian turmoil heightens fears over Brazilian real
      460 6 Views split but one analyst says markets are potting money on BrazQ not making it Reuters [NEW YORKI Brazilian fiscal reforms temporarily soothed investors this week, but currency turbulence in Asia has heightened fears the real might face unsustainable pressure, US analysts said
      Reuters; AFP  -  460 words
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      9 5 Bif 4 state banks under closer watch, Pg 9
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      69 5 LALIQUE, jßk 5jW -I^s? Motif 2 Poissons $3,815 Hilton Shopping Gallery #02-03/04 Tel: 734 1363 MHlenia Walk #01-14/15 Tel: 336 2202 C 1995 Lalique £1 ""'A 1 IOW MADE IN GERMANY Handpallet trucks from Ss64o onwards Call At Tel 545 1569 Fax 545 0627 Linde Material Handling Asia Pacific Pte
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      282 6 VOEVcfe H k fl Hustling back and forth for meetings as well as driving For a start, the S7o's supenor suspension system has Your seat, steering, rear view mirrors and the car s Please me more information. your family around could have you spending more time than earned it a
      282 words
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      2736 7 Goodwood Park Hotel Limited 1 HOTEL MALAYSIA LIMITED 1 AND ITS SUBSIDIARY COMPANIES I I AND ITS SUBSIDIARY COMPANY I (incorporated in Singapore) I I (Incorporated In Singapore) I PROFIT AND DIVIDEND ANNOUNCEMENT I I PROFIT AND DIVIDEND ANNOUNCEMENT I LU UNAUDITED RESULTS FOR THi YEAR ENDED SO SEPTEMSERI997 I
      2,736 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Malaysian chief ministers condemn US congressmen over resolution
      501 8 KUALA LUMPUR Move against Dr M offends dignity of M'sians, they say AFP, Bloomberg THE chief ministers of Malaysia's 13 states yesterday jointly condemned the 34 US congressmen who proposed a resolution asking Prime Minister Mahathir Mohamad to apologise or resign over
      AFP,; Bloomberg  -  501 words
    • Article
      Statement from US Embassy in Malaysia
      139 8 Important Notice for the American Community in Malaysia This morning the US embassy in Kuala Lumpur received two telephone calls threatening harm to American citizens in this country. One of the callers specifically threatened to kill four Americans in Malaysia. We are unable to
      139 words
    • NOTE Book
      • Article
        Lock icon Thai finance firms: Decision by end-Nov
        58 8 AFP •j {BANGKOK] Thailand will deckle the fate of S8 technically bankrupt finance firms suspended earlier this year by the end of the month, a top finance official pledged yesterday. The deadline for the decision was scheduled under the strict conditions of Bangkok's US$l7.2
        AFP  -  58 words
      • Article
        Lock icon Unveiling of Thai cabinet line-up delayed
        63 8 AFP [BANGKOK] The unveiling of Thailand's new cabinet was delayed again yesterday after a planned audiance between Premier Chuan Leekpai and the country's king failed to take place, a top official said. Officials In the cabinet secretariat said the meeting, announced earHsrjyesterday by Mr
        AFP  -  63 words
      • Article
        Lock icon EU-Asean meet delayed over Myanmar
        42 8 AFP (BANGKOK} A joint cooperation meeting betwdyi the foreign said yestardayJlhe meeting, originally planned for next week, would only be rescheduled when the EU and Asean reached a mutually acceptable solution to the problem, he said. —AFf
        AFP  -  42 words
      • Article
        Lock icon Historie E Asian security talks in Dec
        54 8 Reuters [BEIJING] Chinese President Jiang Zemin will hold security talks with the leaders of Japan, South Korea and South-east Asian nations in December, a Chinese foreign ministry spokesman said yesterday. He gave no details of what appears to be an unprecedented informal summit
        Reuters  -  54 words
      • Article
        Lock icon Mahathir cancels Canada visit
        52 8 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad has cancelled next week's visit to Canada but will attend the Asia-Pacific Economic Cooperation (Apec) summit In Vancouver later this month, a government spokesman said yesterday. "He wants to get a goad rest before the summit," the spokesman
        Reuters  -  52 words
      • Article
        Lock icon Drastic cuts in Manila's water services?
        63 8 AFP [MANILA] Water services in the Philippine capital may be drastically cut because of a drop in levels at the city's main reservoir, a report to the presidential palace said yesterday. The report warned that water levels in the reservoir had fallen to a
        AFP  -  63 words
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      112 8 100% pure Titanium. The lightest frames in the world. Only from Seiko. 4 00 I i z X I c I D Introducing the most advanced material technology ever With Seiko's advanced and hypo-allergenic. material technology, I 00% Uncompromising standards pure Titanium frames are from the name you now a
      112 words
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      9 8 Underground group claims responsibility for Karachi killings, Pg 12
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  • CHINA-HONGKONG-TAIWAN
    • Article
      China's Big 4 state banks put under closer watch
      529 9  -  SINGAPORE Sopervisory boards set op in effort to hold off financial crisis amid rising bad debt By] Lu Ning IN A move to forestall any possible financial or banking crisis of the kind that has hit South-east Asia, China has announced
      529 words
    • Article
      Taiwan chip firms under siege
      390 9  -  TAIPEI Price advantage being eroded by plunging Korean won By. Bruce Cheesman THE plunging South Korean won is causing sleepless nights for sales managers of Taiwan's top computer, semiconductor and electronics manufacturers. South Korea, Taiwan's main electronics competitor in the island's main overseas markets, especially
      390 words
    • Article, Illustration
      Trying to give tourism a lift
      64 9 [HONGKONG] A woman from mainland China performs an old ethnic Chinese dance on Wednesday in a Hongkong theme park, which portrays China's ancient Middle Kingdom. The tourism industry slump has hit businesses. Spending is down 9.2 per cent this year from all major markets,
      64 words
    • Article
      Lock icon Developers in HK urge cut in supply to curb price falls
      379 9 HONGKONG Reuters HONGKONG property barons said yesterday that real estate prices would drop further and the only way to break the fall was to tighten housing supply by a third. The call to curb supply ran against Chief Executive
      Reuters  -  379 words
    • Article
      Lock icon Jan-Sept foreign investments in Beijing up 45%
      220 9 BEIJING AFP FOREIGN investments rose by 45 per cent to US$l.46 billion (552.3 billion) in the Chinese capital during the first nine months of this year, the official Xinhua agency said yesterday. Beijing approved 578 new foreiuvfunded firms from Jamwfakto September hauling in
      AFP  -  220 words
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      101 9 The new Saab 9-5. Designed so that no Introducing the brand new Snnb 9-5 sedan Vu tunlly Consider innovations such as its active head restraints. a new concept o f car and ventilated scats, and you II begin to sec our point A car in which every feature, every switch,
      101 words
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  • ASIA
    • Article
      Lock icon Japan current account surplus down 34%
      523 10 TOKYO Sept fall is 3rd decline in four months as Asian demand slows Bloomberg JAPAN'S current account surplus fell 34 per cent in Septem- her from August, the third decline in the last four months, as exports to Asia continued to -slow. The surplus
      Bloomberg  -  523 words
    • Article
      Lock icon S Korea set to pass controversial finance bills
      397 10 SEOUL Critics say it's a bid to tighten govt grip on hanking antral hank staff stage sit-in AFP SOUTH Korea's ruling party yesterday appeared set to pass bills apparently aimed at fixing the country's troubled financial system, but critics .charged they were
      AFP  -  397 words
    • Article, Illustration
      Lock icon Creditor banks to give Haitai emergency loans
      274 10 SEOUL AFP MAJOR creditor banks of South Korea's Haitai Group have agreed to extend 45.3 billion won (5572.6 million) in emergency loans to the insolvent group within the month, Cho Hung Bank said yesterday. Cho Hung said the creditor banks had agreed to
      AFP; REUTERS  -  274 words
    • Article, Illustration
      Lock icon Aussie tourism competitiveness not hit by Asian woes: study
      421 10 SYDNEY Country seen as more attractive destination because of relatively cheaper A$ AFP THE financial turmoil in Asia has had no effect on Australia's competitiveness as an international tourist destination, according to research released yesterday. Macquarie Bank's Hotels and Leisure Division
      AFP; REUTERS  -  421 words
    • ASIA Notes
      • Article
        Lock icon Call to scrap Seoul's real-name banking
        72 10 AFP [SEOUL! A powerful South Korean big business lobby group yesterday called on the government to shelve the country's "real-name system" banning the use of false names in financial transactions. A Federation of Korean Industries spokesman said the system, introduced by President Kim Young
        AFP  -  72 words
      • Article
        Lock icon US-Japan air talks to resume this week
        92 10 Bloomberg [W ASHINGTON] US and Japanese negotiators will meet later this week to discuss civil aviation issues. But US officials don't expect to strike any agreement soon. Earlier, both sides held out hope that the broad outlines of a deal, giving carriers from
        Bloomberg  -  92 words
      • Article
        Lock icon Aussie wages up 1.9% in 3 months to Aug
        73 10 Reuters [CANBERRA] Hopes of a cut in Australian interest rates before the end of the year all but disappeared yesterday when data showed a surge in wages growth. Average weekly ordinary time earnings rose 1.9 per cent in the three months
        Reuters  -  73 words
    • Article
      Report on Rajiv Gandhi's killing puts govt in a fix
      424 10  -  NEWDELHI By Rajendra Bajpai INDIA'S ruling United Front coalition is in trouble again following veiled threats from the Congress Party that it will withdraw its support for the minority government. At the heart of the problem is a report prepared
      424 words
    • Article
      Lock icon Australia to streamline corporate laws
      199 10 CANBERRA Bloomberg AUSTRALIAN Treasurer Peter Costello announced proposed changes to corporate laws aimed at streamlining business regulations, including allowing companies to issue condensed annual reports. Under yesterday's proposed changes to the Corporations Law, companies won't have to send every investor a full annual report. A
      Bloomberg  -  199 words
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      71 10 V THEY CH3SED a nucLEaR HEapon r aßounn the horlb. i ißfcf OLLDHEO THEH HOME. CLUONEir Kin MA M wmrn vl IfItyiISK'IIIIISwukIIMIIIOin'HEIDIiCMiyKIIIIIiiI'IBIIISEVUIfi'IaUUMIFE'aUIII'IMNS/iWI M *ci '00/ v^SItIIIYKOMIROV »MD ROSfNBIDBU itj! SSgfIiSIIiiIIIHJSSSItIiICIIISIIMIII JMIIS »S~- w a,' UICHHiIBRIIIO INUkidNII KIWIIPIIIKISQ www nip sq.com NOW EXPLODING IN THEATRES Get your Peacemaker popcorn set at
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  • THE WORLD
    • Article
      Asian crisis impact may be more serious
      511 11  -  WASHINGTON Greenspan suggests US and world economy could be worse hit than initially expected By'. Leon Hadar AFTER declaring in his last congressional testimony two weeks ago that the impact of the financial turmoil in Southeast Asia on the US economy was "modest",
      511 words
    • Article
      Lock icon Kmart joins several US firms in job cuts
      415 11 NEW YORK It's offering 28,500 hourly staff early retirement benefits Reuters DISCOUNT retailer Kmart Corp has joined several big US corporations and some smaller ones have grabbed headlines with news that they are cutting jobs. Kmart said yesterday that it would make
      Reuters  -  415 words
    • Article
      Lock icon US Q3 business productivity rose 4.5% led by manufacturing
      253 11 WASHINGTON Reuters AMERICAN business productivity took its greatest stride in nearly five years in the third quarter, led by sharp gains in the manufacturing sector, the Labour Department said yesterday. Productivity outside the farm sector increased at an annual rate of
      Reuters  -  253 words
    • Article
      Lock icon BoE allays fears of further UK rate rise
      140 11 LONDON FT The Bank of England (BoE) on Wednesday calmed fears of a further aggressive tightening in interest rates, predicting a sharp slowdown in the economy next year would keep inflation subdued. The tone adopted by the bank in its latest quarterly
      FT  -  140 words
    • Article
      Lock icon Fed keeps overnight bank rate at 5.5%
      511 11 WASHINGTON Global markets woes outweigh inflation threat at home Bloomberg FEDERAL Reserve policymakers on Wednesday left unchanged the overnight bank lending rate a sign that tumult in world financial markets outweighs central bank concerns that the US economy may be growing fast enough
      Bloomberg  -  511 words
    • Article
      Lock icon EU's Santer slams big job-creation schemes
      126 12 BONN AFP THE president of the EU Commission, Jacques Santer, vigorously condemned ambitious job-creation programmes, in an interview here one week before a European Union summit on unemployment in Luxemburg. "I have nothing good to say about vast and costly programmes for employment for
      AFP  -  126 words
    • Article
      Lock icon European retailers warn of higher prices with euro
      458 12 BRUSSELS Changeover costs as high as 2.6% of yearly sales can't be folly absorbed, says report AFP EUROPEAN consumers risk paying more for everything from apples to zip fasteners because of unnecessarily high costs that will be incurred under plans for the
      AFP  -  458 words
    • Article, Illustration
      Grand designs and petty chauvinism
      721 12  -  EUROPEAN VIEW Mergers show EITs less favourable side By Kevin Sullivan ANOTHER week, another mega-merger. The rush to rationalise European industry and finance ahead of economic and monetary union has become headlong. On Tuesday, the Dutch and Belgians leapt onto the bandwagon. The Netherlands banking
      721 words
    • Article, Illustration
      Lock icon Iraq orders US arms monitors to leave at once
      285 12 BAGHDAD Clinton vows to respond in a very determined way Reuters IRAQ announced yesterday it had decided to expel American arms monitors working in United Nations disarmament teams in Iraq and had asked them to leave the country immediately. "Iraq has
      Reuters; REUTERS  -  285 words
    • Article
      Lock icon Underground group claims responsibility for Karachi killings
      282 12 ISLAMABAD AFP A PREVIOUSLY unknown underground group has claimed responsibility for Wednesday's killing of four Americans in Karachi, press reports said yesterday. A claim made in the name of the Aimal Secret Action Committee was sent to newspapers, the Urdu language Jang daily
      AFP  -  282 words
    • Article
      Lock icon 1993 WTC blast: Two found guilty
      94 12 NEW YORK AFP RAMZI Yousef, a 29-year-old Pakistani, was convicted on Wednesday of organising the 1993 World Trade Center bombing that left six dead and injured around 1,000. The jury also convicted Jordanian co-defendant Eyad Ismail, 26, who admitted he drove the explosives-laden van
      AFP  -  94 words
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      81 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Singapore's new economic front gains speed
      732 13  -  OPINION THB BOTTOMLIIIB By Ronnie Lim The writer is BT's trade and industry editor THE NEWS that the petrochemicals/chemicals sector is fast becoming a major pillar of the Singapore economy, almost on par with electronics, should come as no big surprise. From 18 per
      732 words
    • Article
      IN OTHER WORDS
      131 13 'My husband's gold was in his heart' -lUMB Miitm again denying that her husband, former president Ferdinand Marcos, looted the gold from the Philippines central bank. 'It's welcome to the real world. It's better late than never.' David Wn an analyst as International Business Machines Corp introduced
      131 words
    • Article
      Asia's banks: the full story
      602 13 EDITORIAL THAT banking systems across Asia are in a mess —one that is going to be costly to extricate from is beyond dispute. Just how they came to be in this state is open to debate. Moat analyses so far have tended to be one-sided
      602 words
    • Article, Illustration
      Lock icon Tough rules the answer
      1282 13  -  High standards of corporate governance properly enforced can help keep market players in line By\ David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant. He contributed this article to BT ON a
      FILE PHOTO  -  1,282 words
    • Article
      MPs who speak for developers ignore the people's welfare
      861 13  -  MATT-WAT Charles Chua I REFER to the recent articles on whether the government should step in to protect the property market from continuing on its logical course. In July, Heng Chiang Meng wrote a "private and confidential" letter to Minister of
      861 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Vietnam seen in different frames
      885 14  -  ART Two exhibitions feature contemporary artists and posters on role of women in war By Ben Monroe TAPPING the current, and seemingly insatiable, fascination for paintings from Vietnam, two exhibitions present the market with Vietnamese art from different periods and of totally different styles. "Women
      885 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      141 14 Hidden gems are the most intriguing. Reverso Joaillerie. avantThe watchmaker AND THE JEWELLER COMBINE THEIR SKILLS IN TRIBUTE TO YOUR POSSESSIONS: YOUR Jk IDENTITY AND YOUR k Hl|HB||^^H TIME. THE ESSENTIAL v V X> 9k. y v^L^^EwfiL HOURS AND MINUTES 1 <> i OF YOUR LIFE ARE JiSL. m^Eß^^El FAITHFULLY
      141 words
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      Page 14 Advertisements Column 2
      70 14 nUb VIK <hm— T* ni I I lAR I-Q RIBS > BAR I DINMERTIMfI! I America's Finest BBQ and Ribs, Bj featuring Display BBQ Pits, Steaks, I Salads Sandwiches, Burgers, 9 choiccs I of sides, Kids under 5 eat free LUHCH nARTIMG FROM $€.SO! M II fk 231/233 River ¥olley
      70 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      0 15 )|';?(})?~%_"|/=)_.}}!;_>[(/+".
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      Page 15 Advertisements Column 2
      223 15 A J AV |i A w4-niw% D/zim CAA Offers up to 551,000,000 FREE I?****:'f°HL 10 Wine, Uinc snd cntertom»»» international' Accident Insurance worldwide. What better way to celebrate a great week than Sunday Brunch at The Cafe-in-The-ftrt? Enjoy the finest brunch and lervice at only $28* per adult (only $14"
      223 words
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      Page 15 Advertisements Column 3
      280 15 HAPPY HOUR PRICES J AT LUNA COFFEE LOUNGE (LEVEL 2) Ag CHIVAS REGAL 12 YEARS t 9900""> JOHNNIE WALKER BLACK LABEL W.oo** 1 1 HENNESSYVSOP S M OO"" 1 MARTELL VSOP »».00"<" /T J MARTELL CORDON BLEU $250.00""' HENNESSY XO IaSO-DO""*' Happy Hoars 5.00pm lo 9.00pm (Mondavi la Fridays) I
      280 words
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      Page 15 Advertisements Column 4
      187 15 For the best catch town with tht I greatest variety of seafood, and the juiciest sizzling steaks by a relaxing poolside setting, Palm Terrace Open daily for all-day dining, alfresco style with an exotic Balinese setting. I For reservations, please call 731 7990. SS ROTAt CROWNE PLAZA" SIMQ A FOR
      187 words
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      Page 15 Advertisements Column 5
      254 15 Pi imi ia It Sariay CUtttfW Hilt Ic^l l| Juicy OJZ Succulent. Served braised with vegetables, it's certainly a dish with a touch of class! ONLY RESTAURANT, For reservations, call 737 1666 ext 1108 V »-l I MankuttaSngopaM23NllM ***** M tac*****41 M—— OmdlMMpdbrNMNatakMMrtonrflM *..1 olaMloccMJtfo*MiCK)| j|l AT QREENUFE r HERBAL&
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      Page 15 Advertisements Column 6
      195 15 I J&r :.v, IW taw ee-lood" j Itself, u Hie wkleat y seafood appetlaer buffet unfolds before you at top of the *tr. Singapore's Hlgheat Revolving Reataurent. Peaat on exciting aeafood creations ptqarol wWi only the lluhtJl aeafood and bountiful vegetables. Join us for the peak of food Male today.
      195 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      719 15 TV&RADIO .«r'w choice). &30 fjjH^ 2.00 PM TV Innovations. 10.30 Hatu. lf^* xao The Winners. Billboard US Top 20 11.00 TV '"J. I 100 Money, Money, Money. Countdown. LOO AM Close. 3-30 Talk 430 The I Hfc. 100 Kidz Blitz: Sesame Street. 5.00 TV Innovations (r). 100 Kidz Blitz: Quick
      719 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      272 15 CRYPTIC CROSSWORD MKJ HT K HK 1 E 1 R 1 j 8 Separate sailing men and a 3 HH homily results! (8) 9 Transport for soldiers going in--11 Quietly joining a patrician set without a great show (9) j j j I 13 Walks for which caterers may well
      272 words
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  • ASIA'S CORPORATE LEADERS
    • Article, Illustration
      Sticking to knitting pays off for Texmaco founder
      1579 16  -  Group aims to be a global player in the polyester industry, he tells s m vasukx S N VASUKI Marimutu Sinivasan never went to business school. But management guru Tom Peters would be proud of him. Reason: he has stayed "close to
      1,579 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      122 16 b r ought to you by COMPAQ. \"-,AC y W$ =■'>v. yr>> Thousands of businesses throughout Asia and the Pacific recognise one leader in server technology, jj"* From small family concerns to multi-national corporations, ihe reliability and quality of Compoq ProLiant servers, wi#i Intel /jJ Pentium® Pro processors, moke a
      122 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SingTel rings in strong 12% increase in interim earnings
      599 17  -  w Company beats analysts? forecast, confident of doable digit fall-year growth By' Teh Hooi Ling [SINGAPORE] Singapore Telecommunications yesterday announoed a strong 12 per cent jump in( interim net earnings to $946.2 million, and said it was confident of achieving doubledigit
      JEROME MING/ST  -  599 words
    • Article
      Lock icon Slowdown drags on Transwater plans
      523 17 It will pot brakes on property projects, says chairman Reuters [KUALA LUMPUR] A slowdown in Malaysian economic growth will put the brakes on multi-billion-dollar investments of property development and engineering firm Transwater Corp, chairman Wan Adli Wan Ibrahim said. Mr Wan Adli told Reuters in
      Reuters  -  523 words
    • Article
      DBS Land still wants to take over Parkway, but not now
      622 17  -  HOCK LOCK SIEW Lee Han Shih SIX months ago, DBS Land was said to be on the verge of mounting a bid for Parkway Holdings. Now that the market is in a shambles, is DBS Land still interested? Two
      622 words
    • Article
      DBS, OCBC may start selling third-party funds
      377 17  -  Both say they are considering; OUB, UOB appear less keen By\ Shiv Taneja [SINGAPORE] Two of Singapore's Big Four banks may begin selling third-party funds in the near future. For some time, the top four banks have resisted selling unit trusts for international
      377 words
    • Article
      General offer for Ho Wah Genting Int'l?
      199 17 [SINGAPORE) Businessman Ramdas Nair looks set to launch a general offer for Ho Wah Genting International (HWGI). Substantial shareholders Ho Wah Genting Bhd and Lim Hui Boon have exercised their options requiring Bariston Investments Pte Ltd to purchase their shares in HWGI. Bariston
      199 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon We can withstand fallout from Asian crisis: Brierley
        559 18 BlL's diversified portfolio a good ngningf market turmoil Bloomberg, Reuters (WELLINGTON) Brierley Investments Ltd said yesterday it was well-positioned to withstand recent volatility in Asian currency and stock markets. The message to its annual meeting in Napier yesterday morning was that its
        Bloomberg,; Reuters  -  559 words
      • Article, Illustration
        Lock icon Bank Danamon shares surge on talk of takeover
        388 18 Bloomberg [JAKARTA] Shares of PT Bank Danamon, one of Indonesia's largest banks, surged as much as 37 per cent on speculation that it is a takeover target, traders and analysts said yesterday. The speculation which the Jbank would not comment on was
        Bloomberg; Source: Bloomberg  -  388 words
      • Article
        Lock icon Megaworld earnings climb 19%
        168 18 Bloomberg [MANILA] Megaworld Properties Holdings Inc yesterday said its nine-month net income including extraordinary items rose 19 per cent to 1.568 billion pesos (5573.1 million), up from 1.321 billion pesos in the same period a year ago. It had earlier reported first-half profit totalled 842.50 miUion
        Bloomberg  -  168 words
      • Article
        Lock icon SingTel's Manila unit launches new service
        205 18 Bernama [MANILA] Globe Telecom, a publicly-held unit of Singapore Telecom (Sing Tel), yesterday launched a new service that would cater to high-vol-ume data users in the corporate sector. Called Datafast, the service is a partnership with TMI Telemedia International Ltd (TMI), part of Telecom
        Bernama  -  205 words
      • Article
        Lock icon KLIH plans to acquire Dovak for RM168m: report
        175 18 AFX-Asia [KUALA LUMPUR] Kuala Lumpur Industries Holdings Bhd (KLIH) has proposed to acquire Dovak International Pte Ltd for 168 million Malaysian ringgit (SsBo million), according to a New Straits Times report. The acquisition wiU be satisfied by the issue of 112 million
        AFX-Asia  -  175 words
      • Article
        Goodwood profit 7% down due to haze, market turmoil
        318 18  -  Bat operations of overseas subsidiary lift turnover 4.3% By I Soh Tiang Keng [SINGAPORE] The haze and the region's stockmarket turmoil have taken their toll on Goodwood Park Hotel which yesterday announced a 7.1 per cent drop in group net profit
        318 words
      • Article
        Lock icon Yaohan HK to fight retail slump by restructuring
        526 18 Dept store hit by 5 lawsuits from suppliers this week Bloomberg [HONGKONG] Yaohan Hongkong Corp, its department store unit hit with five lawsuits from suppliers this week, has vowed to fight on in Hongkong's slumping retail market. The department store chain which
        Bloomberg  -  526 words
      • Article
        Lock icon Renong denies talk of asset injection into UEM
        134 18 Reuters [KUALA LUMPUR] Malaysian infrastructure developer Renong Bhd yesterday denied recent news reports that it is injecting various assets into its 38 per cent-owned associate United Engineers (Malaysia) Bhd (UEM). "We wish to state that the information in the articles are incorrect.
        Reuters  -  134 words
      • COMPANY Briefs
        • Article
          Lock icon Titan IPO to offer 167m shares
          134 18 Bernama [KUALA LUMPUR] Titan Petrochemicals Polymers Bhd, which is aiming for a listing on the Kuala Lumpur Stock Exchange main board in the first or of next year, plans to offer for sale 167 million shares. Managing director James Chao disclosed this yesterday after
          Bernama  -  134 words
        • Article
          Cash offer for Datacraft Asia
          73 18 [SINGAPORE] DBS Bank, on behalf of Dimension Data Australia Pty Ltd, said that at the close of the mandatory unconditional cash offer for Datacraft Asia Ltd yesterday, valid acceptances have been received In respect of ***** shares, representing about 0.02 per cent of Datacraft Asia's
          73 words
        • Article
          LKN and unit convert loans into shares
          103 18 [SINGAPORE] A unit of mainboard-listed Lim Kah Ngam, LKN Development (LKND), said yesterday it has converted a loan made to its wholly owned unit, Sims Development into the equivalent in shares in that company instead. As a result, it bought shares worth 1999,998
          103 words
        • Article
          HPL to set up Hard Rook Cafe in Penang
          61 18 [SINGAPORE] Ong Beng Seng's Hotel Properties Ltd— which owns the Hard Rock Cafe franchise for Asia excluding Japan and Australia—is setting up one of the theme restaurants in Penang through an associate company. Hard Rock Cafe (Penang) has an authorised capital
          61 words
      • Article
        Lock icon Nintendo interim jumps 63%, forecasts raised
        282 19 Reuters [OSAKA] Booming sales of its game machines pushed up interim profits at Japanese game maker Nintendo, and the company yesterday also put forward rosy projections for the full year. Nintendo said its parent current profit jumped 63.5 per cent to 49 billion yen
        Reuters  -  282 words
      • Article
        Lock icon Strong exports boost Honda's interim profit 33%
        376 19 Company to become first Japanese vehicle maker to build cars in China Bloomberg [TOKYO] Honda Motor Co said first-half net profit on worldwide sales rose 33 per cent to 126.5 billion yen (Ssl.6 billion) and will become the first major Japanese vehicle maker
        Bloomberg  -  376 words
      • Article, Illustration
        Lock icon Yamaichi Securities' stock at record low
        191 19 Bloomberg [TOKYO] Yamaichi Securities Co, the smallest of Japan's "Big Four" brokerages, fell to a record low as anxiety over its financial soundness has been exacerbated by Sanyo Securities' failure earlier this month. Shares in Yamaichi fell as much as 26 yen, or 17.6
        Bloomberg; Source: Bloomberg  -  191 words
      • Article, Illustration
        Lock icon Sony chief worried about Asian crisis
        327 19 Bloomberg [NEW YORK] Sony Corp president and chief operating officer Nobuyuki Idei said he's "very worried" about how the turmoil in South east Asia will affect Sony. While he can't pinpoint any immediate concern, "being president, I am very worried". said Mr Idei, speaking
        Bloomberg  -  327 words
      • Article
        Lock icon Campbell's swallows last of Arnotts
        319 19 Shareholders snpport buying remaining 30% of Arnotts FP (SYDNEYJ Campbell Soup Co of the US yesterday swallowed up the last piece of Australia's largest biscuit maker, Arnotts Ltd, without a struggle. Almost all of the shareholders that voted on Campbell's proposal to buy out the
        FP  -  319 words
      • Article
        Lock icon NZ Telecom interim profit up 10.5%
        197 19 Reuters [WELLINGTON] Telecom Corp, New Zealand's largest listed company, yesterday reported a healthy 10.5 per cent rise in first-half net earnings, prompting share analysts to raise their full-year profit forecasts. The telecommunications utility, half-owned by a joint venture of US firms Bell Atlantic and
        Reuters  -  197 words
      • Article
        Lock icon Marriott to setup Asia-Pac HQ in HK
        118 19 Reuters [HONGKONG] Marriott International Inc said yesterday it plans to open a regional office here next month to serve as operational headquarters for its Asia-Pacific activities. "As our presence in the re-, gion expands and as we continue to integrate the Renaissance Hotel
        Reuters  -  118 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon TI chief sees chip demand rising 15-20% next year
        449 20 But company's shares plnnge 12% on fears of falling memory chip prices Bloomberg [DALLAS] Worldwide demand for semiconductors will increase 15-20 per cent next year, more than double this year's growth, Texas Instruments Inc's chairman Jim Adams said on Wednesday. Mr
        Bloomberg; Source: Bloomberg  -  449 words
      • Article
        Lock icon 3Com stock falls on earnings concerns
        273 20 Reuters [SANTA CLARA, California] 3Com Corp stock fell 12 per cent on Wednesday amid concerns about the networking equipment maker's rising inventory of unsold modems, slowing Asian sales and weaker earnings outlook. At least two Wall Street analysts have slashed their earnings forecast for
        Reuters  -  273 words
      • Article
        Lock icon CIT Group sells 20% stake for US$850 in IPO
        340 20 Bloomberg [LIVINGSTON, New Jersey] CIT Group Inc raised U*****.5 million (Ssl.3 billion) in an initial public offering that will allow majority owner Dai-Ichi Kangyo Bank Ltd to buy out Chase Manhattan Corp's stake in the commercial lender. The sale of 31.5
        Bloomberg  -  340 words
      • Article, Illustration
        Lock icon CNN journalist gets UN prize
        57 20 [NEW YORK] CNNjournalist Barbara Pyle (centre), recipient of the 1997 UNEP Sasakawa Environmental Prize, with United Nations Secretary-General Kofi Annan (left) and CNN chairman Ted Turner and his wife Jane Fonda at the UN on Wednesday. Ms Pyle is the first journalist to receive the
        REUTERS  -  57 words
      • Article
        Lock icon United Artists to be sold for US$850m
        451 20 Buyer is leveraged-buyout firm Hicks Muse Bloomberg [DALLAS] Hicks, Muse, Tate Furst Inc has agreed to buy United Artists Theatre Group for about USSBSO million (551.34 billion) in cash and debt, grabbing the secondlargest US theatre chain as the industry rapidly consolidates. The
        Bloomberg  -  451 words
      • Article
        Lock icon ITT wins proxy fight against Hilton Hotels
        453 20 Way paved for USslo.2b sale to Starwood Lodging Reuters [NEW YORK) ITT Corp won a bitter proxy contest against Hilton Hotels Corp on Wednesday, paving the way for its sale to little-known Starwood Lodging Trust for US$lO.2 billion (5516.1 billion). After losing the
        Reuters  -  453 words
      • Article
        Lock icon AMD's top exec involved in K6 chip resigns
        234 20 Reuters [SUNNYVALE, Advanced Micro Devices Inc said on Wednesday Vinod Dham, one of the top executives responsible for the com- T pany's flagship K6 computer chip, had resigned for "per-»J sonal reasons". The best way to phrase it is, he resigned and
        Reuters  -  234 words
      • Article
        Lock icon Euro Disney net up 7.5% as visitor numbers improve
        383 20 AFP [PARIS] Euro Disney said net profit rose by 7.5 per cent in the year to September to 217 million French francs (5559.3 million), despite a steep rise in its debt payments to 715 million francs. Turnover at Disneyland Paris rose
        AFP  -  383 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Dr Doom warns of impending global deflation
        425 21  -  He says "financial mania' will lead to massive bankruptcies, IMF going bust Reports fry* Clarissa Tan [SINGAPORE] World economies are headed towards a period of global deflation which will see massive bankruptcies, collapsing stock markets and the International Monetary Fund going bust, "doom
        FILE PHOTO  -  425 words
      • Article
        Wider use of OTC derivatives in region soon?
        323 21 [SINGAPORE] Recent regional troubles should spur Southeast Asian corporate treasurers to catch up with their Western counterparts in areas such as over-the-counter (OTC) derivatives, Elizabeth Sam, deputy chairman of Simex, said yesterday. "I suspect that, given recent developments, South-east Asian corporate treasurers
        323 words
      • Article
        Lock icon Bond investors expect Fed to hold rates for rest of '97
        495 21 Asian crisis seen leading to slower growth, inflation Bloomberg (NEW YORK) Bond investors expect the Federal Reserve to stand pat on interest rates for the rest of the year following its Wednesday decision to leave its policy unchanged for
        Bloomberg  -  495 words
      • Article
        Lock icon MasterCard unveils new transaction network
        233 21 Reuters [PURCHASE, New York] MasterCard International, in partnership with AT&T Corp. has launched a global private network (VPN) for its transaction processing system. Arthur Ahrens, MasterCard senior vice-president for operations services, said on Wednesday the card association is now buying services from AT&T under a
        Reuters  -  233 words
      • Article
        Lock icon Chase lost US$160m in October trading
        285 22 Unusually volatile markets, plunge in emerging market securities cited Reuters, Bloomberg [NEW YORK] Chase Manhattan Corp said it lost US$l6O million (*****.07 million) before taxes from trading activities, and as a result may fail to achieve its targeted 15 per cent growth in operating
        Reuters,; Bloomberg  -  285 words
      • Article
        MAS raises fees for life insurers
        131 22 [SINGAPORE) Annual fees for life insurers have gone up, the Monetary Authority of Singapore announced yesterday. Under an amendment to the Insurance Regulations, the annual fee for registered life insurers goes up from $50,000 to $60,000. The fee for insurers doing both life and
        131 words
      • Article, Illustration
        Lock icon A tail of two Germanys
        66 22 [ROME] A newly-minted Italian 1,000-lire coin, with a map of Europe on its tail side depicting a divided Germany, could provoke more than just embarrassment for the Italian government. Arturo Arcellaschi, a member of the separatist Northern League and eUmer of a stamp and coin
        REUTERS  -  66 words
      • Article
        Lock icon Asian turmoil seen hitting base metal prices
        357 22 Aussie consultancy says outlook for coal, iron poor Reuters [SYDNEY] An Australian economics consultancy says the Asian currency turmoil had increased pessimism by forecasters and said further downward price revisions for some base metals were likely. In a survey of price expectations by
        Reuters  -  357 words
      • Article
        Lock icon CSFB buys BZW Europe units
        327 22 Reuters [LONDON] Swiss-owned investment bank CSFB on Wednesday sealed a deal with Britain's Barclays to buy parts of the former BZW investment banking empire for £100 million (***** million). Some analysts said the deal was a poor one for Barclays, but the bank's chief executive
        Reuters  -  327 words
      • Article
        Lock icon Swiss Bank, NationsBank buying Brazil banks
        242 22 Bloomberg [RIO DE JANEIRO] Swiss Bank Corp and Nationsßank Corp won Brazilian approval to acquire local investment banks, highlighting foreign banks' interest in Latin America's largest financial market despite recent market swings. Swiss Bank will be allowed to buy up to 100 per cent
        Bloomberg  -  242 words
      • Article
        Lock icon Euroyen firms, JGBs rebound
        217 22 SOBEXlleport Reuters [SINGAPORE) Simex Euroyen futures brushed aside their recent losses yesterday as Japanese government bond (JGB) futures bounded higher on talk of hedge fund buying in Tokyo markets. Dealers said the market, dragged down recently by overwhelming pessimism about Japan's economy, staged a recovery on
        Reuters  -  217 words
      • Article
        Futures close higher after shaky start
        155 22  -  MSCI TAIWAN FUTURES Perry Gilbert Gilbert, vice-president, Refco Singapore Pte Ltd. [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract opened on a nervous note in response to weak US equity market. Buyers emerged immediately and moved the November contract to its high of
        155 words
      • Article
        Lock icon Oil steady ahead of UN vote on Iraq
        250 22 ENERGY REPORT Reuters [LONDON) Oil prices held steady yesterday ahead of a United Nations Security Council vote on a motion condemning Iraq expected later. Brent crude was four cents up at U5519.64 a barrel on the London futures market. After a brief
        Reuters  -  250 words
      • Article
        Lock icon CURRENCY REPORT
        272 22 Reuters London THE US dollar eased slightly against the mark, but was up a tad against the yen. Dealers said rumours that the Bank of Japan had intervened to halt the yen's decline pulled the dollar down against the Japanese currency. Operators were waiting for remarks by US
        Reuters  -  272 words
      • Article, Illustration
        Untitled
        1379 22 mTBRBAMKOOSgKATBS Mw/3 A$ C$ ECU Ffr Om HK$ mtitmUk Ym W Ml PWh N» S$ Uw4 $fr WT$ WHX W$ Z52a ONI im 0.600 4.029 1203 1301 215*4 23.572 0072 1070 130 IRS30.690 ***** INN 1399 0.960 2U57 ***** 0409 0-6* SST 1020 5SoSo4.lSlS5.4f7 *****24.030 0009 7.005 2.359 US7 *****
        1,379 words
    • Article
      COMMODITY PRICES
      1723 23 S1C0M FUTUMBS Nov 13 RV88CR (tatum ciesaq n *t 5.30pm) RSS1 CONTRACTU cwts/k*) ClOM Votwn* OpM Montt High Low Stlt (towm) Interest DK 97 130.00 130.00 129.50 SO 600 JM 96 ***** ***** 130.25 200 1620 Faft 90 133.00 133.00 133.00 200 1620 Mar 96 136.50 135.00 136.00
      1,723 words
    • Article
      WORLD STOCK MARKETS
      2274 23 LfltHMH -a inottstrMis Ni I] hKI 31 Group 459 -4.400 AB Ports 279 *1 Aboey MM 923 -9 Allied Oomecq 501 5 Amu 135.400 *.400 Asda Group 158.400 .400 BAT ind 527 -5 BG Pic 267 10 BICC 155.400 .800 BOC Group 948 -9 BR Petroleum 830
      2,274 words
    • Article
      Lock icon TOKYO
      1678 23 AFP □MUmUM -&90 SHARES closed marginally lower yesterday with the key index closing at the lowest level in more than two years despite moderate shortcovering and bargain-hunting, brokers said. The 225-share Nikkei Average fell 6.90 points to 15,427.27. The broader Topix Index was down 1.39 points at 1,198.97 on
      AFP  -  1,678 words
    • Article, Illustration
      Lock icon HONGKONG
      1556 24 AFP ****** SHARE prices rose 1.2 per cent yesterday in mixed trading following a sharp fall in interbank interest rates. "I think the rise was due to the fall in interbank rates, but I'm sceptical about it," said an analyst, adding that the outlook remained volatile as long as
      AFP  -  1,556 words
    • Article, Illustration
      Lock icon CHINA
      675 24 Reuters nShenahenß Index -L9l THE Shenzhen share market ended weaker in slow trade yesterday as investors moved to the sidelines mainly due to volatility in Hongkong-listed shares. The B Index slipped 1.91 points to 115.15 on turnover of HK$lO.6 million. "The volatility in regional markets is a negative factor
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  675 words
    • Article
      Lock icon TAIPEI
      398 24 AFP Q VP Index -157.22 A SHARP drop on Wall Street and European markets dragged the main index down 2 per cent yesterday. "The fall was caused by losses of US and European shares overnight, plus concerns over financial instability in South-east Asian countries," said a broker. The TSE
      AFP  -  398 words
    • Article, Illustration
      Lock icon JAKARTA
      713 24 AFP n Composite Index -11.60 SHARE prices fell 2.6 per cent yesterday as local investors reacted to rumours on a number of major shares. The Composite Index lost 11.69 points at 437.95. Turnover was 420 million shares worth 349.5 billion rupiah. The rupiah was trading at 3,395-3,415 rupiah to
      AFP  -  713 words
    • Article, Illustration
      Lock icon BANGKOK
      829 24 AFP □SET Index -1&56 SHARES fell 3.3 per cent yesterday due to uncertainty ahead of the appointment of the new government. Analysts said foreign selling of bank shares led the market down, while local investors were sidelined waiting action by the new government to tackle the economic crisis. The
      AFP  -  829 words
    • Article
      Lock icon MANILA
      325 24 AFP Q Manila -3&26 SHARE prices closed 2 per cent lower yesterday in reaction to the fall in foreign markets, analysts said. The PSE Composite Index fell 38.26 points to 1,803.55. Turnover was to 2.4 billion shares worth 1.1 billion pesos. San Miguel Corp saw its A shares remain
      AFP  -  325 words
    • Article
      Lock icon SEOUL
      425 24 AFP H Composite Index *L 96 STOCKS firmed yesterday in a tug-of-war between foreign sellers and retail investors buoyed by promises of a market stabilisation package. Dealers said rising money market rates drove the key index down in morning trade before steady retail buying sent the broader market into
      AFP  -  425 words
    • Article
      Lock icon SYDNEY
      606 24 AFP DM Ordinaries -6J SHARES fell 0.3 per cent yesterday after a firmer than expected performance by Asian markets lifted midday gloom. "All things considered it is a pretty good performance since we were down 30 points at lunchtime," a broker said. The All Ordinaries Index ended 6.9 points
      AFP  -  606 words
    • Article
      Lock icon WELLINGTON
      262 24 Reuters n Wellington -4&50 SHARE prices suffered again at the hands of offshore stock markets yesterday, shedding 2 per cent, but on moderate volume. The NZSE-40 Capital Index was shunted down by 48.50 points to 2,367.72 on turnover worth NZ$5B million. —>U W (000) AN2 Banking 10 80 -0
      Reuters  -  262 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8787 25 INDUSTRIALS Cmkmmt protects W7 Last Vol Day Nat Cap HlQfc Law Cam»eity Sala 'OOP Hlg» Low P/C Smll 790 320 Ajinomoto 336 4 4 338 336 18.6 136.2 448 202 Angkesa 206 unch 21 206 202 6.1 303.7 905 370 Apollo Food Hlg 452 13-1 180.8 765 372 Berjaya Land
        8,787 words
      • Article, Illustration
        Lock icon Shares ease on lack of positive leads
        588 25 AFX-Asia C 3 Composite Index -&91 SHARE prices closed lower across the board in the absence of encouraging leads which led trading to be dominated by forced selling, dealers said. The KLSE Composite Index lost 6.91 points at 677.58. The Emas Index fell
        AFX-Asia  -  588 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3803 26 BONDS, LOANS WARRANTS m 1997 Loot Vol Day Loot Ouoto A»« MtQl! Low Stno Company Ml *or- COOO) High Low Buyer Sotfor Mm 66 20 5 m 3000 mAMOBC5.5H*****6I 22 2 17 22 22 22 5 61 15 3160 -Acor ******1 US$ 20.5 *3.5 202 22 18 20.5 21 131
        3,803 words
      • Article
        Learn the basics before jumping in
        220 26  -  WARRANT WATCH By Ven Sreenivasan IN THESE turbulent times, recommending warrants can be a tricky business. This is because warrants are effectively bull market instruments. What this means is warrants are always the first to perk up whenever the broader market begins to trend
        220 words
    • Article
      CLOB INTERNATIONAL
      2341 26 MALAYSIAN STOCKS Gr 6c 1997 Last Vol Doy Last Quota Wv Olv YM Net M Cop High Lmm Stwo Company Solo (*000) High Low Buyof Soior C*vr *fl 478 120 ms 5000 AIS8 50c 133 cd unch 91 138 130 133 139 5.0 3 3 j*' 137 35
      2,341 words
    • Article
      STOCK EXCHANGE OF SINGAPORE
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    • Article
      MAIN BOARD
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      5,042 words
    • Article
      SESDAQ
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      970 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        HOT STOCK
        63 28  -  -by Shiv Taneja IDRIS HYDRAULICS closed 0.5 cent lower at 61 cents on a volume of 1.4 million shares yesterday, compared with its 10-day traded average of 1.7 million shares. The stock is just off its two-and-a-half year low, and will drift sideways in the days ahead. Long-term
        63 words
      • Article, Illustration
        Lock icon HK rebound a relief but property woes still a drag
        691 28  -  STOCK MARKET COMMENTARY Assurances by IMF's Michel Comdessns on regional economies appear to do little to allay fears over the direction of the Asian stock markets By Ven Sreenivasan [SINGAPORE] Although the Hongkong market's rebound provided some cheer, stocks here
        Chart info from Bridge  -  691 words
      • Article
        Untitled
        223 28 aidB w HK Land USKk 11,352.000 JIT Hldgs 10c 11,097,000 •RHB CapWt99 6,946,000 *MBf Capital 4,46a,000 SingTel 15c 4,236,000 •Rekapacific Bh 3.974,000 Keppd Land50c 2.340,000 Asia FoodiProp 2,198,000 HKL RFWt*****2 2,180,000 DBS Land 1,979.000 Sttta DBS Foreign 28,170.071 HK Land USKk 23,147,880 "OCBC Foreign M.634,262 SingTel 15c 11.387,950 JIT Hldgs
        223 words
      • ON THE GRAPEVINE
        • Article
          You look kinda familiar
          55 28 "EVERYONE has been asking If I am related to them," said a puzzled, previously Sydney-based design decorator with a newly-opened US furniture store in Great World City. "No, I'm not," he said. Apart from his looks, it's no doubt the name of the decorator, who is
          55 words
        • Article
          Propping up club membership
          119 28 EARLIER this month, Pinetree Club members received a little note from Its chief executive officer Roland K Wong, urging them not to sell off their memberships which are going for about $35,0000n the secondary market. In that letter, Mr Wong said: "In the upcoming launch, our
          119 words
        • Article
          It's on us, please!
          177 28 THE haze and malaria have created a new category of holidays at the Bintan resorts the budget luxury vacations. The Bintan resorts have been offering deals at a steep discount to published prices. Holiday-makers have in particular snapped up the $150-fortwo-nights promotion at Hotel Sedona, which
          177 words
        • Article
          Rough weather in the short term
          105 28 NICHOLAS APPLEGATE Capital Management Asia is relaunching its China fund, and offering a one per cent discount on units purchased till Dec 12. On a one- and three-year basis to Oct 31, It was the No 1 China fund available In Singapore, according to
          105 words
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      Page 17 Advertisements Column 1
      112 17 |l»i designs ""details make a Office space facilities planning |f| ffilHOt Corporate interior design If y OU re looking for a superior Imported custom made partnership in office design, look no further than the company that can deliver office furniture a total quality solution, start to finish. Project management Ca
      112 words
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      Page 18 Advertisements Column 1
      127 18 1 November 1997 mousinetransferto 1 sailing only^^^ Be the first few to experience the latest great *jf7 J) I getaway holiday on board the Majestic Sun Vista, fr '< and enjoy a whole new Suntastic cruise holiday! Floor to ceiling window in your very own. Spacious Deluxe cabin m Pampered
      127 words
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      Page 18 Advertisements Column 2
      98 18 Why do so many affluent and financially successful people introduce their friends to Breakthrough Agency and its Associates? Have you heard of Frank Coh from The Breakthrough Agency? We represent AIA, the No. 1 Life Insurance Company in this part of the world. Hopefully, someone you know will give your
      98 words
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      Page 19 Advertisements Column 1
      299 19 a Landmark Development at Marina Boulevard GATEWAY TO SINGAPORE'S NEW DOWNTOWN m Singapore's 21st Century City: Dynamic, efficient, convenient the new Downtown is planned as a seamless extension of the existing Central Business District around the scenic Marina Bay URA to tand parcel the Singapore's new the gateway to the
      299 words
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      197 20 H I .Low an English lover swept the French off their feet! ledgers Esq was no foot-fetisher, but he did love good shoe?, S)o wt B much so that when, after a lifetime of travelling the world, h se ;tled in Pari?, he became quite lovesick, j—|e sorelq missed the
      197 words
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      123 21 It could be any number of tnfT anniversaries, ISO certification, pages but the cost of a special ground breaking ceremonies feature in our newspapers and topping-up ceremonies, will remain the same for you: $0. We will Since you have so much to gain and nothing organise sponsorship as well as
      123 words
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      Page 21 Advertisements Column 2
      333 21 BUSOHESS Notices M THE MATTER OF THE COMPAMES ACT. CAP. 50 LEONG SHEN SMPPMG (SMGAPORE) PTE. LTD. (in Voluntary Liquidation) At an Extraordinary Ganaral Meeting of tha members ol LEONG SHEN SHIPPING (SINGAPORE) PTE. LTD. duly convened and held at 8001 Beach Road 114-01 Golden Mia Tower. Singapore *****9 on
      333 words
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      Page 21 Advertisements Column 3
      258 21 In the matter of the Companies Act, Cap 50 and In the matter of ATLANTIC BUILDING MATERIALS PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the Final Meeting of the members of the above company
      258 words
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      Page 21 Advertisements Column 4
      402 21 To advertise call toll-free 1800-741 1883 SIN SOON HUAT LIMITED (Incorporated m the Republic ot Singapore) NOTICE OF BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed on 2nd and 3rd December 1997 for the purpose of determining members'
      402 words
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      Page 24 Advertisements Column 1
      37 24 advertisement in f J nice surprise^ I I d like to deliver V V bouquet of flowers my girlfriend. 1 f "~7 Buyirut or selling through The Straits Times Classified Is child's play. Call CAT.S. at 1800-*****66.
      37 words
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      Page 28 Advertisements Column 1
      2976 28 company ]KMB ridge %> BB) The Global Financial Information Company BRIDGE To advertise call toll-free 1800-741 IXB3 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF DOMINO SECURITIES (PTE) LIMITED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies
      2,976 words
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      Page 28 Advertisements Column 2
      337 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SIMBL INVESTMENTS PRIVATE LIMITED (In Membere' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 65 Chulia Street *47-01, OCBC Centre. Singapore *****3
      337 words
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      Page 28 Advertisements Column 3
      333 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ALEXON FASHIONS PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 10 November 1997. the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP That the Company be wound up voluntarily pursuant
      333 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      313 29 Bridge News, Reuters ATLANTIC Panamax rates remained under pressure with owners already indicating US$2l.OO without combination ports on the key US Gulf-Japan run with some reports suggesting this level has already been agreed for an end November position, brokers said. Futures produced the long-awaited "correction" mostly on the
      Bridge News,; Reuters  -  313 words
    • Article
      MARITIME STOCKS
      227 29 mlu' n CWTOMt OK 4N 43 ckmrmw OMS mat tM Omco Irr* MO wA 2* rr MM Unto OU «4MM MIMtoi 0j» -OM a HHiwto 0309 -003 194 HRacM Zmm 030 -0349 10 WCMMto HK930 034 -0J02 170 j«raa>9Mtoar4_7JO -OJO 3r» NafpwCtrp 5J5 -039 M9 NappairCLS 442 until
      227 words
    • Article, Illustration
      Lock icon Jurong Island project poses logistics challenges
      406 29  -  Solution needed for handling of dangerous gpods for export, thrran manager tells conference By. Marcus Hand [SINGAPORE] The massive Jurong Island project will present a new set of logistics challenges for the companies located here, a conference was told yesterday. Martin Jones, planning manager
      Source: Singapore Economic Development Board  -  406 words
    • Article
      Lock icon Japanese port seeks more business from China
      235 29 Bernama-Xinhua (SHANGHAI] A Japanese delegation is here with the hope of seeing more Chinese ships calling at Oita, an emerging Japanese port. The chief attraction of the port, located in the northern part of Kyushu, lies in its new container terminal, according to
      Bernama-Xinhua  -  235 words
    • PORT Shots
      • Article
        PSA slashes processing time for passes
        87 29 (SINGAPORE] PSA Corp has slashed the processing times for port users' applying for passes into the port area. Port users submitting applications, or renewing expiring passes, are now able to collect their passes on the same day instead of waiting two weeks. In a
        87 words
      • Article
        Lock icon Tianjin,Inchon sign cooperation deal
        57 29 Bridge News [HONGKONG] The north China port city of TianJin and the South Korean city of Inchon have signed a cooperative port affairs agreement, the official China news agency Xinhua reported. Under the agreement, the two cities will strengthen cooperation in port management, construction, administration, maritime
        Bridge News  -  57 words
      • Article
        LNG tanker sails 12.600 nautical miles
        133 29 {SYDNEY] An LNG (liquefied natural gas) tanker is undertaking what Is believed to be the second longest voyage by a vessel of this type following the sale of a cargo of North West Shelf LNG to Duke Energy LNG Sales of Houston in Texas.
        133 words
    • Article
      Lock icon Canada raises penalties for oil pollution
      249 29 Lloyds List (OTTAWA] Canada has reintroduced legislation to increase the penalties for maritime oil pollution and tighten maritime safety regulations. The measure, once passed, will more than double from Csl2o millio (USsBs.7m) to Cs27o millio the damages for each incident of oil pollution by
      Lloyds List  -  249 words
    • Article
      Lock icon 5 seamen missing after collision
      193 29 AFP [ATHENS] Five Lithuanian seamen are missing after their ship sank following a collision with a Syrian freighter in the western Aegean on Wednesday night, the Greek merchant shipping ministry said early yesterday. According to the captain of the 4,945 tonne Syrian vessel, Muaheddeen, the
      AFP  -  193 words
    • Article
      Lock icon APL sale to NOL completed
      169 29 Bloomberg [OAKLAND] APL Ltd said its sale to Neptune Orient Lines Ltd (NOL) has been completed, creating one of the world's largest shipping and container companies. In April Neptune said it would buy APL Ltd for USssB2s million (Ssl.3 billion). APL, which will maintain its
      Bloomberg  -  169 words
    • Article
      Lock icon One dead as Chinese freighter sinks off Japan
      172 29 AFP [TOKYO] One crew member of a sunken Chinese freighter was found dead in southern Japan waters early on Wednesday, eight hours after he went missing in a collision with another freighter, coast guards said. The other 23 crew members on the
      AFP  -  172 words
    • Article
      Lock icon P&O Bulk Shipping chief sceptical on freight futures
      205 29 Reuters [LONDON] The chairman of P&O Bulk Shipping has expressed scepticism over the impact of freight futures and derivatives on dry bulk shipping markets. "I am still questioning whether this is a good service for the industry," Karl Timmermann told an audience
      Reuters  -  205 words
    • Article
      Court has no power to review arbitrators' interlocutory decision
      723 29  -  ADMRALT7 CASEBOOK By\ Selva Kumar THE Court of Appeal in England has reaffirmed the position that courts have no power to supervise arbitration or review an interlocutory decision made by arbitrators. The decision was made in a dispute between Fletamentos Maritimos
      723 words
    • Article, Illustration
      Lock icon Yard finds ways to stay afloat
      899 30  -  AMUR SHXFBUXU>XNO PLANT Russian shipyard noar remote Vladivostok wins new oil equipment orders in a successful defence conversion project By. John Thornhill FT IMAGINE being the head of a prestigious military plant who sees his domestic market collapse overnight, who has no links with
      FT  -  899 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      389 30 PACE FL-Bright 6 ANL 3 F4mous 7 Able 16 M Accord 8 Foo*H» 8 Ahrenkiel 14 FroU 16 Appenship 5 Frt Links 16 Astro 3 6L 4 Austral 9 Gemartrans 13 Avant 6 Genshpg 9 Btarv) Mas 8 Glory Na* 16 BSA 7
      389 words
    • Article
      SHIPPING GUIDE
      18097 38 THEBU SINESSTIMES EXPORT ETA ETA AB~tMor VP*.* T*Mphona ETA ETA A<£tl*r Va£ Voy*. T£p£na I c,u IWK, Nam. Mam* »wtir SSSSm, mmSrrMmBLmMMIImSi "Illll ll I III NNmTTi III TMI Ill 8/1 1/B ML KOTA HASH 107 *328*3 1 A 17/1 21/1 COM TOUR COM RACINE PRM*7 *22*5*2 ll/l
      18,097 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        550 45 V—srt VoyMo Pfth Arrival Dtprturt Men TOW JO# ttaafMt 13.TV2100 ATM* MV9T JIT MnguM 17.11/0000 H Stpti «o*97 J01 Hongs*t an/izoo M MM* *****7 J01 ItomjSK* an/MOO MUHH *****7 J01 iMpM ail/MOO M M 42M 3997 J01 HonguM aiVMOO •ts brat* ortm joi iMfuM nn/o7oo ■t star m
        550 words
      • Article
        CONTAINER SCHEDULES
        1476 45 REcovmc or export ro. cowuuners and La caroo Booking/Mine* Rstls Ship Voy Wo Etb/Btr Hrto4 Frow To Frw kih» OtM 15/1500 M O/IMO IVHM U/IM U/150C .v*« v*>c U 13/TTOO MAM WVXX a MM HMN N/HN Ml K^OC 4 M/BM wmt M/TTOO Himm m h/omo u u/boo mm
        1,476 words
      • Article
        GLOBAL HOLIDAY
        203 45 Not 14 Iran, Jordan, Sri Lanka Nov 15 Brazil Not 17 Azerbaijan, Colombia Not 18 Latvia, Morocco, Oman Not 30 Mexico Not 22 Lebanon Not 24 Japan Labour's Thanksgiving Day. Not 27 United States: Thanksgiving Day. Not 28 Albania, Iran, Jordan, Kuwait. Panama, UAE Not 20 Philippines: Bonifacio
        203 words
      • Article
        COCKETT BUNKER MARKET REPORT
        826 45 THIS report, compiled by Cockett Marine OU Ltd. show* price range* In US dollar* Instead of ting)* price* for a more comprehen live deecrlptton at the market Price* *hown are baaed on sverageslaed item. Market movement* art Indicated. The Cockatt Bunker Price Index change and the
        826 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        342 45 Cartaa NO Mai WU 10 17J 0J0 AjM OxwitT rnm tmmm AM Umt+m Ti—1« Ho mom £25 I 0 I 0' H/H 310 AM MM 0 J 114 107 33 102 torn 380 Mm 993J 0J *7 0.09 91 100, M*n %in »W0I mm mrnmt (kovl
        342 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon HK govt will use other bus firms if CMB workers strike
        306 46 Bloomberg [HONGKONG] If staff at Hongkong's China Motor Bus Co go ahead with a planned rushhour strike today, the territory's other bus companies will cover CMB's routes, the government said. Up to 1,000 drivers and 800 maintenance workers at
        Bloomberg  -  306 words
      • Article, Illustration
        Airlines told to stop slashing fares or industry will suffer
        352 46  -  Price-cutting one of key factors to blame for fall in industry profits last yean lata From Updesh Kapur in Amman, Jordan AIRLINE chiefs have been warned to stop dumping seats in the market for the sake of protecting the industry's
        352 words
      • Article, Illustration
        Lock icon Baby Benz wins award
        56 46 [BERLIN] German mass-circulation Sunday paper Bild am Sonntag awards the new Mercedes Al6O with its "Golden Steering-wheel" in the compact class category of its annual motoring competition. Daimler-Benz announced that it will stop the current advertising campaign for the A-Class cars which crashed and rolled over
        AFP  -  56 words
      • Article
        Lock icon Major US car makers view options after unveiling of Brazil's austerity package
        461 46 Reuters [DETROIT] First it was Asia. Now the Big Three US car makers are scrambling to evaluate how financial upheaval in Brazil will affect one of the few bright spots of international sales this year. General Motors Corp
        Reuters  -  461 words
      • Article
        Lock icon Delta to add 5 US-Europe routes
        406 46 Drive to shed reputation as a domestic carrier Bloomberg [LONDON] Delta Air Lines Inc said it will add Ave US-Euro-pean routes and drop three others next year, part of a drive to build more profitable international services and shed its reputation as a largely
        Bloomberg  -  406 words
      • Article, Illustration
        Lock icon Volvo to make trucks in India
        63 46 [BOMBAY] Ravi Uppal, managing director of Volvo India Pvt Ltd, addresses a press conference to announce the launch of Volvo's first trucks manufactured in India in May next year. Volvo is expected to launch its tractor-trailer combination at its new manufacturing facility near the
        REUTERS  -  63 words
      • Article
        Lock icon Branson demands massive fine for BA
        147 46 AFP [BRUSSELS] Virgin Atlantic boss Richard Branson urged the European Commission to impose a massive fine on bitter rival British Airways over ticket sales practices he described as "illegal, anti-com-petitive and an abuse of a dominant position". He was speaking after a hearing with
        AFP  -  147 words
      • Article
        Lock icon At least 3 airlines in Asia face collapse: report
        468 46 Fall-rat from region's financial turmoil and economic downturn Reuters [MELBOURNE] At least three Asian airlines face collapse as some of the region's high-fly-ing economies skid to a virtual halt over the next two years, an Australian-based aviation consultant said in a
        Reuters  -  468 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1510 46 cm www ha man era n» »so who m MOC WW H«t T«l T6407 1540 T6400 1645 k ttrjM S0127 0420 KLS44 0125 KW95 2150 MM96 #15 KL037 840 CAW4 2245 MM ATOfT WO *T090 2T35 «u» 2335 amiBi soon rm sooto ohs PJt'J HcCMMM **741
        1,510 words
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      1060 30 I EXPORT I I OTHifi DISTIHATtONS I I rasa vot maw npsw u oa va sia pai hou ok ny nmcoarr j 7* I ?7n m/T* I p/" 1 I""wi?''* NOM ROM OVtfSS *****5 05/11 04/11 *1/11 20/11 14/11 */]l M/ 11 »/11 */11 W/J1 «/JI Si CMf —1 MM
      1,060 words
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      Page 30 Advertisements Column 2
      536 30 LlAJl<ijuiiii>LL /tfjHkV by Mambws at »m RagMy of w (I®^®3) Accredtod SNpping Agwto, feUuU Fr»ghi National Shipping Aaaoc Association around Asia,. Shipping Times Just talk to ua... Iris Lim 740-2044 Jarrod Leong 740-2080 EXPORT 3 Jopon 2 X Hongkong 1 x Monio 1 x KWung iAc«phng FU to Wa/KAMA/S£HOAJ/COU/LC« >g
      536 words
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      Page 31 Advertisements Column 1
      912 31 TO EUROPE FROM EUROPE yn wr m nil hm mv son Si vissa vot rai ham mv soo uh rw m r DAMN 5447 M/ 11 11/11 M/ 11 13/11 IJUa—I 1447 M/IO M/ 10 M/MM/11 M/ 11 MM n mr n/ii 11/12 11/12 M/ 12 M/ 12 ooaroyw *****1/10
      912 words
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      Page 31 Advertisements Column 2
      1669 31 OHANJIN SHIPPING mw/voT m urn m imhma/vot |su|m[ on o« ngT^wl^pßn|W^^i!^^s[w?^pT|r^^w^M«^n^n nwucwwma n/11 u/ii l*/n u/n M/ 12 1 v/n w/i» m/u B/12 b/u w/12 11/12 12/n I B/12 b/u M/n lw/12 |f/ii I n/n u/n tuiwi/pi I n/ii u/n n/n m/u w/n m/ii 14/11 u/n u/n u/n w/n n/n
      1,669 words
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      Page 31 Advertisements Column 3
      101 31 ORIENT EXPRESS UNES (U.K.) LIMITED OSLIj (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE, Vissa VOT SWCAMtI IQWiAY VCSfI VOT WAY SHAKE! ALBERT BRPGE 007 14/11 23/11 ALBERT BRIDGE 006 05/11 14/11 NORDKAP 419 17/11 26/11 NORDKAP 418 06/11 17/11 SINARTOBA 219 21/11 30/11 OOQ ADMIRAL 008 15/11 24/11
      101 words
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      Page 32 Advertisements Column 1
      931 32 <CT DSR-SEMATOR jkra Round the World Container Services Iwm Iwt m\ mu mjm Ima u» llaMa. wr lun |m Imlw \mm~ £1 mcoMrunniutM vnm an mi an nn mi 1111 tin chotammcioit tan an nn an M.t> an an iwiiinwxi wr« 1711 an tin chovmbwmu km aw nn an an
      931 words
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      Page 32 Advertisements Column 2
      1054 32 MY MMC LaJfcliE YML hitMTft W«t> Sll*: htlpc //www.ymLcom.tw VESSEL WOT M CMS HTM NAM FIT l£N AM MING ZENITH J74SW 16/11 03/12 05/12 08/12 08/12 MING GALAXY A746W 21/11 25/11 13/12 11/12 10/12 15/12 MING EAST J746W 23/11 10/12 12/12 13/12 15/12 MING SUN A747W 28/11 2W2 IS/12 17/12
      1,054 words
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      Page 32 Advertisements Column 3
      435 32 UNII ■r A Tiki aasosoo pax* mum? I MUABA I tJMOWH asm m in m rasa vor ro m sroa mmu tm in /mourn vw/«7 15/11 17/11 mtaonr vai/a is/11 N/11 jrmm vm/a w/11 a/11 iwow vw/a n/ii a/11 nmman nm/n a/11 a/11 aMoorr via/a a/11 n/11 innva an/a a/11
      435 words
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      Page 33 Advertisements Column 1
      1233 33 IvtttTl. VOV MM POU PKO PMN BLW WW BA WK MMNMCEZAN PJL-1261 11/11 M/ 11 24/11 MANTCYFOUM PJL-1260 18/11 24/11 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN 6 CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN ft GEORGIA VIA B. ABBAS. BIK AGENT IN SINGAPORE AGENT X
      1,233 words
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      Page 33 Advertisements Column 2
      1685 33 (iiniimi urn ii- I Tilt *****35 ill 6 SHWTOM WAY TTEL*****00 FAX:*****M OUlS5o(rU^«05IO? ,Bl Joilo^^ COSTAR SNIPPING PTE LTD #17-mnshog saus/mgs 4205«4i/43 inward o»t (d/oi *****15 COSTAR AGENCIES (M) SDN BND «NQ:117»*****00« TOWMTWO(*****4) (OWVtNTKNIAI *****50/S5 T/SHPMTDIPT *****25 Til:o2-07-35 *****FAX:02-07-*****70 vsi/w W hksm da noo dn on mn she iw w/K»
      1,685 words
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      Page 33 Advertisements Column 3
      566 33 EASTERN CAR LINER, LTD. ULI Ea (SINGAPORE) PTE LTD l SPKUUZIIW ROUPc heavyuftufTO 122fows] Ea(SWGAPO*f) PTfLTD LOADING FOR CEBU/MANILA BANGKOK/LAEM CHABANG MV "CIELO AZUL" V.I3A MV "IB EVERETT" V.S ETA PKL 14/11/97 ETA SIN 16/11/97 ETA SIN 20/11/97 ETA BKK 23/11/97 ETA CBU 20/11/97 ETA MNL 22/11/97 ETA LCB 24/11/97
      566 words
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      Page 34 Advertisements Column 1
      906 34 EUROPE/UK/SCANPWAVIA/ymiAMOfIIUSSIA (IGPI RDM ANW HBG THP RE LHV LMV THP ROM ANW HBG PKL S6P E OECENT RW-001 11/11 06/12 10/12 OS/12 10/12 00/12 10/12 E. GIVEN Ri-066 20/10 22/10 21/10 23/10 2S/10 10/11 11/11 E REWARD RW-020 22/11 11/12 10/12 12/12 14/12 IS/12 10/12 E. GALLANT RE 063 27/10
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      Page 34 Advertisements Column 2
      1163 34 VESSEL VOYAGJ SGf DM JIA AIU DMN MM KWT IU ViSStl VOYAW DUO JIA AIU MAN lAH SGf WMVU *****03* 10/11 3VII 300) 01/1} 02/11 OVI7 03/1? OVI7 UWAMi *****01E 02/11 02/11 03/11 04/11 05/11 17/11 Hum comma <mma 27/11 #7/12 07/1201/12 01/17 10/12 IVI2 10/12 ihrahwi *****02E o»/n ot/11
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      Page 34 Advertisements Column 3
      490 34 /CZI NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissei vot I si I rm 1 put I cft I »/>W (UWTAI VtWUS 023S 14/11 24/11 71/11 (0/1? SOtDtW OtA&OW 001S 24/11 04/1? 01/12 12/1? It/12 NANTAI HBWCESS 01IS 01/12 15/12 If/12 MjgljgH 024S 07/12 15/12 lf/12 24/12 BgUMI
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      Page 35 Advertisements Column 1
      660 35 i BSA ik. 1 mm. MYANMA WWk FIVE STAR UNE r (MywHMf Notioaol Um) W Loodiag for Yai|ii (Rangoon) VKSa VOT SIN PIG KM PGII MONGLA «W N/11 MAIAYSU AGCNTS: OOUSTtAA SMPPMG AGfNCKS KUL m 02-03-*****00 ftL TH 02-03-*****01 Kit TH 02-04-*****02 PGO: TE 02-07-*****21/4 BANK LINE (A ncvk* W
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      Page 35 Advertisements Column 2
      989 35 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 HMOUiOMii 04 ,1 M 11 HTFIOOAI MAW 14/11 11/11 12/12 14/12 14/11 14/11 17/11 HVAOONUI 310W 01/11 10/11 11/11 11/11 HTHIOHNiSS 10AW 47/11 14/11 15/11 17/11 17/11 1 17/11 10/11 EASTBOUND TO FAN EAST [vtssa VOT UN IM I HAM
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      Page 35 Advertisements Column 3
      638 35 FAMOUS CONTAINER UNES lIE 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 djT HOT LINE: *****33 (30 UNES) WBPMEWWCII—■.fII.CMMt i-MM-Hnwrll il 111 Hl—Hiwu DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 BSJMSSSSJ2* m HOLt (09)
      638 words
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      Page 36 Advertisements Column 1
      923 36 IAMOKOK/IAIM CHAMANO JAKAMTA/PANJANO VESSEL VOY SIN BKK LCH VESSEL VOV SIN JKT PJN ANANBHUM 84N ~ln~Pt 18/11 MATHU BHUM ***** In Pt 18/11 ANAN BMUM 84NB ~18/11 18/11 DANU BHUM 0188 16/11 18/11 YANTRA BHUM** 214N ~16/11 18/11 20/11 ACX RUBY* 088 17/11 20/11 KIH BHUM 28N 16/11 18/11 19/11
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      Page 36 Advertisements Column 2
      540 36 LINE PUL INTERNATIONAL M>JiliMi ta**| lOC tepfrr/Mat W *m*+m m mtm. Nan atad aa IfMH mm Mm iMUUtatwcn $stfs/wi Mti vnrr-S r JKT I S4N SULH2ND I 44W I MFt l«l I 14/11 1 SUM I 10/11 fflSrißM Br I TtHi Tar I iivii WS H/ll I SKjgß&na HP I
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      Page 36 Advertisements Column 3
      793 36 ri ACCORD A SMIPPIMO PTE LTD S=S m: *****15 {40 Un«>) FAX: *****30 KXTtLUK (03) U/1001 B m DWfCT ACCISS TU: *****55 (KXPOTT SOOKINO) MfltfiOMW (07)U\\V7 *****34 (fXPOET DOC), *****39 (IMPORT) fOUNG (04) V ***** IMIIjHTTP;//WWWJkCCOED.COM.SO WUUTU s (11) H***** FOOT m SIM POtT ITA SIM POtT m SIM row
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      Page 37 Advertisements Column 1
      410 37 INDONESIA NATIONAL LINE TO EUROPE 1XP««»> leil-COHTAINPWgD SCWVtCC ~vu voy I iraAt |a oam/* oam|h iuii6 |ircmin| Antwerp A.ViSSfL 41W0 21/01 24/01 OMIT 27/»T~ TO AUSTRALIA 1 FULL COWTAWeW »ERVICI m Ivor paTBT fk m sro Ma hsa aol m wvamremt \taaa urn wn 2Mi am ai/12 hi? mi NOLOHSIAL
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      Page 37 Advertisements Column 2
      731 37 f PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, *03-00 PIL Building, Singapore *****0. I C« NO 100e*****00E f irT'ir irioir SnaianY oil I w/11 I o/ii n/» 14/12 10/H 14/11 120/10 BS 55 I I y/» i(\ -H^rH WatKOtD 143 11/11 IVII I 25/11 17/11 20/12 3/1 0/1
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      Page 37 Advertisements Column 3
      829 37 I VOY I«W I JB) I HP I iffl I HAM RTM THP ZEE V-UD-QRION Y22W 16/11 01/12 08/12 10/12 12/12 11/12 13/12 V6XEDEMBAO6A V22W 23/11 OPI2 MW 18/12 18/12 18/12 17/12 18/12 V-LE DE CAPELLA T23W 02/12 12/12 14/12 22/12 23/12 28/12 25/12 27/12 W-LE P-AQUARIUS U23W 08/12 18/12
      829 words
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      Page 39 Advertisements Column 1
      29 39 To retrieve more schedules, Just follow these simple steps... y document 740-6000^^^^^^^ ep you r iStep key in the four number digit code tor calla within Singapore UfllttKj St&tfS
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      Page 41 Advertisements Column 1
      363 41 SINO EXPRESS SHIPPING /yi 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI V-fM- J S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI JINYIi 9754 LVn Ml Ml jiy m 9756 21/11 WIJ 2QZD GOOD WELL 9722 28/n 22/12
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      Page 41 Advertisements Column 2
      241 41 OR NO. IIOOWOOOOI WW: (084)*****1 EX^S^JKL UV PENAMQ: (04) *****6 BANGKOK: (882) *****87 SURABAYA; (81) *****0 P. KELANQ: (03) *****77 JKT (21)*****07 MDN: (81)*****3 SHANGHAI LAX/LGB/NYC MV "MASOVIA" V.MSVOIB MV "SEVEN SEAS CHARIOT" V.630E ETA SIN: 19-11-97 ETA SIN: 17-11-97 SYDNEY/MEL/BWE/AIM. AUCKLAND MV "NOL CRYSTAL" V.52S MV "NYK PROVIDENCE" V.O2S
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      Page 41 Advertisements Column 3
      146 41 i ■sOLTA 12/11 Rdm/Alw/BnwVUK/Nan I ■sAMMI FORTUNE 22/11 Nan/Rdm/Atw/Bmn/l* I B Loads EjV* Malaysia Indonesia J Loading for V Ipan CRYSTAL Dub«/A.Dhatt/Bahrair\/DarnrnaiVKuwait I ■EVA MARIA Dubai/Doha/BahrairVDamman/Kuwait ■PAN FORTUNE I ■xi HAI Adenmodwdah/JeddarVAqaba/Egypt I ■akarTHOS Oubai/A-Dhabi/BahrairVDaniman/Kuwa* 'Load* Singapore. E7W. Malaywa. Indonaaia J tor 1 HoCEAN HOST Lo> Angataafrlaw OrtaanOmlaatorV Norfolk/Camdan I
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      Page 42 Advertisements Column 1
      1103 42 1- SAMUDERA SHIPPING LINE LTD ■■■P"" 15 McCALLUM STREET #03-01/02 NATWEST CENTRE SPORE *****5 mmmam TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR HO. 1647MM0000 BOOKIHBS CUI DIRECT LIME: *****41/43 JE^ICA/CELIA/MEICH*II 7 slgs/week BSS3I 3 slgs/week [VOY Ism |JAK VESSEL |VOY|S<N |SUW LALAZAR 987 15/11 (SAT) 18/11 (TUE)
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      Page 42 Advertisements Column 2
      387 42 NEWARK SHIPPING AGENCIES PTE LTD I 48-A Campbell Lane, Singapore *****1 s CHTTTAGONG W BOMBAY 1 u CALCUTTA J! NHAVA SHEVA WW f COLOMBO A a- MADRAS P DURAI/JEBEL ALI 0 TimCORIN w COCHIN E H- KARACHI MALDIVES ALSO ACCEPTING ICD DELHI, ICD DHAKA CALL: (65) 294 0949 FAX (65)
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      Page 42 Advertisements Column 3
      407 42 SIM FAR EAST 16/11 KEELUNG/KACHSIUNG I 16/11 BANGKOK 17/11 MANILA/CEBU 16/11 J AKARTA/B E LAWAN/SU RABAYA 16/11 PORT KELANG/PENANG/E. MALAYSIA 18/11 BUSAN 16/11 TOKYO/YOKO/KOBE/NGO/OSA 16/11 HONGKONG SIM CHINA 16/11 GUANGZHOU/HUANGPU/SHEN2HEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPEAIK 17/11 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 16/11 LOS ANGELES/NEW
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      Page 42 Advertisements Column 4
      523 42 9 Singapore Soviet Shipping jraCo. Pte. Ltd. CR NO: 100S*****00N BOMBAY VESSEL VOY SIN BOM PNO PKL ORIENT CORD 106N 10/11 23/11 06/12 07/12 HAIXIONO HXQO67 20/11 28/11 10/12 12/12 KOTACAHAYA CAHI97 27/11 06/12 17/12 10/12 TRADE FAST TFS2O3 02/12 10/12 22/12 24/12 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA I
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      Page 43 Advertisements Column 1
      1026 43 i ASMtyftWHIBtItANMMiXHIIItIAIW-WESTSQUNP MjMal I I g&u 1 I I JF o!Sr oSSc 1 I MSC RAFAELA 9746-3 26 NOV 30 NOV 09 DEC 11 DEC 13 DEC 116 DEC 17 DEC 18 DEC I MSC SOPHIE 9747-3 04 DEC 08 DEC 17 DEC 19 DEC jjfgg: 16,I 6 i M&MAWtNS
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      Page 43 Advertisements Column 2
      1483 43 I rasa remwr rmm- vou I m I m la 111— \wm I numr I swwl ww I wbawl aw Iwn I row Iwo I sw—zu rro I K.BM MS7 1111 1111 14.11 01.11 Mil Ml Mil INUMI HJ7 1111 11.11 17.11 Ml OMT 1111 TTM 14*7 Ml 1111 11.11
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      Page 44 Advertisements Column 1
      493 44 maa SIN I 580N 15-Wll 28-28/11 I TIGER-ISLANQ 581N 22-Wll 01-02/12 I TIGER BRIDGE 582N 20-21/11 25-29/11 04-06/12 I TIGER BAY 583N 23-24/11 29-03/12 07-08/12 I TIGER WAVE 584N 28-28/11 OWWI2 11-12/12 I TIGER ISLAND 58SN 01-02/12 06-09/12 14-15/12 Ivessel^^^VO^^Sl^^CA^^SU^l TIGER RIVER 302CN8 15-IA/11 22-2€/11 02-03T12 I TIGER SPRING 306CN8
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      Page 44 Advertisements Column 2
      621 44 JPfk FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapora *****1 Tel: *****66 (60 Llnaa) Fax: *****33 E-mail: flesin@singnet.com.sg CONSOUDJOTON SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 19/11 CAPETOWN 16/11 CHILE ETD SIN DURBAN 16/11 VALPARAISO 19/11 JOHANNESBURG 16/11 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 24/11 BARCELONA
      621 words
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      Page 44 Advertisements Column 3
      914 44 I M 1 000 (Sirtoooore) Pta Ltd CFS da--17? Aw l«d #21-00® #***** 513 #01-120 t /ftfg^V CI NO 1 It7I7MMON tt 272 7827 t* 3269 liO $5y mmifa 221 wi ncititbm rmi —Wl—llll-W/CMMM <r> MMTtAIU TOWS* Is» jsro| QU lon mem «rc I OUTMMW I iTU |aa |tu |m
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      117 45 LEGEND: 5 T c *•*«<» *~<s VSUar wov.^ t wwdl OW RidiCOttd by or row i which Hy with th# wind Q One Ml circle represents colm or light and variable wind* 1 i On* hoM H*ch« represent* 5 knot* L» On* fid Heche represent* 10 knot* k On* vofcd
      117 words
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