The Business Times, 18 September 1998

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85e SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, SEPTEMBER 18, 1998
    13 words
  • 70 1 HI 94L42 (-5.33) BT-ffll 406J6 (+1.40) □mm 73CJ6 (+1.39) n susa FUTDBES M 13fc00 (-4.00) QMIBIET MOODs laMtod STOCK BASKET INDICES I Thursday Change KLSE COUP XU6 -7.41 NIKKEI *****.14 438J6 HANG SENG *****7 184.11 SET INDEX „nt« -Itt JAKARTA COM P —286.48 -144 MANILA OOMP _tf»J4 >917
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  • 70 1 FtSBXlATOS USt 81 USS 1.717 £{US$/S$ per 1J84 1801 DM 1J86- IJtf YKN 1H2 1179" RM 1800 0.462 HKS 7.748 0Jtl BAHT 40.60 8.041 HJP1AH 11*70 0.010 •SttolMwH* FUME 1MB SINGAPORE* 7J1 KUALA UJlfPUR 11.M JAKARTA 28.00 BANGKOK 14.76 MANILA JIM HONG HONG Mitt TAIPEI IM SYDNEY 8.4ft TOKYO
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  • 966 1  -  Exchange silent on timing, bnt process onlikely to exceed two months From. Eddie Toh, Ven Sreenivasan in Singapore AFTER a nail-biting week, the Kuala Lumpur Stock Exchange finally agreed yesterday on the en bloc transfer of all accounts of Malaysian
    966 words
  • 698 1  -  Malaysian govt expected to take major stake after share swap From\ Meera Tharmaratnma in Kuala Lumpur COMMERCE Asset Holding Bhd and government-owned Bank Bumiputra Bhd have decided to merge to create Malaysia's second-largest bank, with the government expected to take a
    698 words
  • 651 1  -  Union rejects benefits offered for strike-free pact From, Al Labita in Manila PHILIPPINE Airlines (PAL), already sent into a tailspin by the regional economic crunch, will shut down at midnight next Wednesday after talks with its employees union collapsed, the company announced yesterday.
    FILE PHOTO/REUTERS  -  651 words
  • 83 1 AFP [NEW YORK] Wall Street stocks plunged right from the opening bell yesterday amid uncertainty about US Interest rates, with the Dow Industrials skidding a hefty 180 points just 15 minutes into trading. By 1 pm EDT, the loss has widened to 202.88 points
    AFP  -  83 words
  • 433 1  -  OUB also announces cut in prime lending rate to 7.25% By I Siow Li Sen [SINGAPORE] Market speculation of an impending merger with heavyweight OCBC Bank sent the shares of Overseas Union Bank the smallest of the Big Four banks flying
    Source: Bloomberg  -  433 words
  • Page 1 Advertisements
    • 143 1 DBBPB Far ale In what will be the first transaction of a prime commercial property in the last 12 months, listed Hotel Properties is close to a deal to sell the Le Meridien Singapour Hotel, Pg IB ,rV iToomg annri im The Indonesian government said yesterday that former president Suharto
      143 words
    • 33 1 George Sores' testimony We reproduce on Pg 10 the full text of the testimony of George Soros, chairman of Soros Fund Management which manages the Quantum Fund, before the US House Banking Committee.
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    • 8 1 Editorial: Giving Clob a new life, Pg 12
      8 words
    • 267 1 ■L^ Tung Lok Mooncckes I are available at all our Restaurants: I I v* *9 w I I Thng Lok Restaurant Grand Pavilion Restaurant I Liang Court Complex Chine* Swimming Club I m jfclifrr 1 S 177 River Valley Road #04-07/09 21 Amber Road 8 9030. Tel: 336 602 Singapore
      267 words
    • 10 1 Rate* will go lower but it wont help growth, Pg2
      10 words

  • SINGAPORE AT HOME & ABROAD
    • 631 2  -  They point to weak external demand and overbuilding By Wong Wei Kong INTEREST rates in Singapore will head lower even if global rates do not fall, economists here said yesterday. But lower interest rates alone will not be
      631 words
    • 482 2 Congested airspace, public's concerns cited as reasons The Straits Times THE Malaysian government yesterday announced restrictions on the use of its airspace by the Singapore air force, and said that these would take effect from today. Making the
      The Straits Times  -  482 words
    • 365 2  -  EYE 0* THE ECONOMY Trade By. Audrey Tan SINGAPORE'S non-oil domestic exports are expected to have shrunk again in August, as demand for electronics remains weak, most economists say. A BT poll of seven forecasters yielded estimates ranging from flat growth of 1.5 per cent
      365 words
    • 643 2  -  Gronp has already gained from consolidation, says exec director By\ David Boey THE economic downturn is taking a heavy toll on Singapore's door-making industry and small players in this niche sector may shut their doors for good as the shakeout continues.
      FILE PHOTO  -  643 words
    • 314 2  -  By] Lu Ning THE Suzhou Industrial Park (SIP) is building a new power plant, with the help of a I.s3billion renminbi (*****.2 million) loan from the Bank of China, a spokesman for the China-Singapore joint development said yesterday. Work
      314 words
  • Page 2 Advertisements
    • 229 2 Experience the wonders of Bordeaux at Top of the 'M' Revolving Restaurant i 7 27 September 1998 Yl" J 'tew JJj^^HHßSEpjMK^9^]9K|yp|Bj^^B^^^p|jk^ The Wine Renowned for its lively red wine, Bordeaux is the promised land for Cabernet Sauvignon and Merlot. Used extensively in both the preparation of and as an accompaniment
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    • 132 2 I PRESIDENT PARK (SINGAPORE) PTE LTD (In Liquidation by Order of Court) VENUE 1: Paulaner Brahaus, 501 Orchard Road #02-19, Wheefock Place VENUE 2: Paulaner Brahaus. #01-01 Millenia Walk Excellent range of theme restaurant furniture equipment including microbrewery, coldrooms chillers, freezers, icemakers, cooker ranges, utensils, glassware, cutlery, crockery, stocks of
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  • CHANGE IN MALAYSIA
    • 259 4 AFP Bernama [KUALA LUMPUR] Malaysian police in eastern Kelantan state yesterday refused a permit to allow ousted deputy premier Anwar Ibrahim to hold a political forum, Bernama news agency reported. Kelantan state police spokesman Muhammad Muda said the application for the permit, made
      AFP; Bernama  -  259 words
    • 773 4  -  Banks asked to make major currencies available amid shortages, hoarding From\ Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S central bank has acknowledged for the first time that the extensive capital controls imposed on Sept 1 are causing a shortage of major
      773 words
    • 148 4 AFP [KUALA LUMPUR] Malaysia intends to revive 36 infrastructure projects shelved in the midst of its economic crisis, using 2.7 billion Malaysian ringgit (Ssl.2 billion) pumped into an infrastructure development fund, a minister said yesterday. "I have asked the Public Works Department to implement
      AFP  -  148 words
    • 232 4 SM LEE'S MEMOIRS Account of events makes having good ties with S'pore hard AFP [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday said relations with Singapore could deteriorate, noting that "people are not happy" with a book by Singapore Senior Minister
      AFP  -  232 words
    • 297 4 Cats in SRR have helped resolve liquidity problem Reuters {KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said yesterday that 11 billion Malaysian ringgit (Sss billion) worth of ringgit deposits parked in Singapore banks flowed back into the country recently. "We have
      Reuters; AFP  -  297 words
  • Page 4 Advertisements
    • 141 4 Lose a little weight. Wear a lighter watch. Also available in steel and yellow gold. IWC http://www.iwc.ch Singapore: Asia Witch Centre Pte Lid, Tel: 440 4208 Chew Cheong Watch Centre, Tel: 734 5096/7 Cortina Watch Centre Pte Ltd, Tel: 339 2107,339 9185,235 0084,339 1728 Deluxe Eastern Watch Pte Ltd, Tel:
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  • ASIA'S ECONOMIC SLUMP
    • 435 5 Financial Secretary replies to criticism from Greenspan Reuters AFP [HONGKONG] Hongkong Financial Secretary Donald Tsang yesterday defended the government's recent intervention in the local stocks and futures markets, saying it had no other option. Mr Tsang's comments followed earlier criticism
      Reuters; AFP  -  435 words
    • 193 5 AFP Reuters [JAKARTA] The Indonesian chamber of commerce and industry (Kadin) said a semicontrolled foreign exchange system was needed to defend the rupiah and prevent the dominance of short-term investment flows, a report said yesterday. Kadin deputy chairman Iman Tauflk said such a system
      AFP; Reuters  -  193 words
    • 371 5 Plan is to create agency to take over problem loans Bloomberg [TOKYO] Japan's ruling Liberal Democratic Party proposed nationalising troubled banks in a concession that may pave the way to parliamentary approval of a bailout plan for the nation's debt-bur-dened banking system. In a
      Bloomberg  -  371 words
    • 192 5 Bloomberg [TOKYO] The Tokyo metropolitan government may declare a state of emergency to enact quick budget cuts amid a drop in tax revenue. Tokyo's finances continue to deteriorate as Japan's economy suffers its worst recession in five decades. Tax revenues may not reach the city's forecast
      Bloomberg  -  192 words
    • 65 5 [MANILA] The window display of a Giorgio Armani shop in the Makati financial district was left empty yesterday as the store tried to sell its remaining stocks at discounted prices before permanently closing. As the financial crisis enters its second year—sending the Philippine currency down 35
      AFP  -  65 words
    • 274 5 Reuters [SEOUL] South Korea announced special tax incentives for foreign investors in the manufacturing sector yesterday, hoping to attract fluids to help its recovery. The measures, which include tax holidays and expenditure reimbursements for big-spending foreign firms, take effect from Nov 17. But
      Reuters  -  274 words
  • Page 5 Advertisements
    • 71 5 Reform intl capitalist system: Soros, Pg 10 ©DBSCARD CENTRE .9 V f i elite i J t* i* i Is i| 11 II 11 i o The friendship that matures like wine. The cheers that evaporate with time. In fine company, you discover an aura of unique companionship. And fleeting
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  • SOUTH-EAST ASIA
    • 645 6  -  Govt setting up second team to probe alleged assets stashed abroad Froml Shoeb Kagda in Jakarta RESPONDING to stepped-up calls from all levels of society for investigations into the wealth of former president Suharto, the Indonesian government said yesterday
      REUTERS  -  645 words
    • 199 6 SINGAPORE This failure, he says, led to disastrous consequences Reuters SINGAPORE'S Senior Minister Lee Kuan Yew said Indonesia's former president Suharto failed to submit to the judgment of the market, "with disastrous consequences". In a statement in response to a media query made available
      Reuters  -  199 words
    • 266 6 JAKARTA Order comes amid looting incidents as prices soar AFP LOOTERS will be shot on sight in the densely-populat-ed Indonesian province of East Java on orders from the police chief there, newspaper reports said yesterday. "The order to shoot still has to
      AFP  -  266 words
    • 257 6 JAKARTA Reuters A DRAFT law due to be submitted to Indonesia's Parliament proposes ending the oil and gas monopoly of state energy company Pertamina. According to the draft oil and gas law. obtained by Reuters, the government would take over the
      Reuters  -  257 words
    • 325 6 MANILA Reuters A FILIPINO consortium building Manila's ambitious US$655 million (Ssl.l billion) modern rail project may soon start hunting for foreign partners as Asia's financial crisis bites, a top project official said yesterday. Some consortium members facing financial problems have approached foreign investors
      Reuters  -  325 words
    • 169 6 SIEM REAP AFP CAMBODIA'S ruling strongman Hun Sen could meet his bitter rival Prince Norodom Ranariddh next week for the first time in over a year in a bid to defuse political deadlock, a statement from the king said yesterday. A statement from
      AFP  -  169 words
  • Page 6 Advertisements
    • 237 6 I colour panels, mirror panels, m I stainless steel panels, I E9H stainless steel wraps and B ;;:|V i 111 designed for built-in IflfiftHi Am ana 1 (el Jl.l-ll JJ,M-I'J 180 Paya Letoar Road #09-03 Yi Quang Building Singapore Showroom 176 Orchard Road »03-43F Ceotrepcwnt Singapore *****3 Tal: *****88 EXECUTIVE
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    • 126 6 II I I^l Guess who already has the upper hand? A tirst impression nnl i ;_;ooi| shut uo li.inJ in h.uiJ well i.iilouii shirt. tor 111 st. mt e. should re\ r.il i (.ult 111 st >ne-1 l.i It null bene.it h t Ik slrev <•! > >t:; i: 11
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  • REGION
    • 553 7  -  Moves come as territory's jobless rate surges to 15-year high of 5% From. Loh Hui Yin in Hongkong TWO of Hongkong's major employers yesterday announced pay cuts and retrenchments as the territory's jobless rate soared to a 15-year
      AFP  -  553 words
    • 307 7 SEOUL Long-time Korean animosity towards Tokyo will be hurdle: analysts Reuters JAPAN called for a free trade area with South Korea yesterday, a surprise move analysts said would be hampered by centuries of South Korean animosity towards Tokyo. The Japanese ambassador to South
      Reuters  -  307 words
    • 262 7 NEW DELHI AFP INDIA'S defence research wing has rejected charges by US seismological experts that New Delhi exaggerated the number and size of its shock nuclear tests in May. The Times of India yesterday quoted officials in the defence ministry and the Defence
      AFP  -  262 words
  • Page 7 Advertisements
    • 69 7 YARRA CONDOS ON BOOMING SOUTHBANK A superb high-rise tower of exceptional value for money. CATION QUALITY v U z 5® T4 •>JIVIIIVJ IftMII INVESTMENT HMMPW OPPORTUNITY Ill*fW NOW SELLING 'Off-PLAN" 8K513i5p1583 CENTRAL TEL: <"> a 1668 EQUITY Visit our homepage at www.centralequity.com I THE STRAITS TIMES CLASSIFIED I YOUR GUIDE
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  • Page 9 Advertisements
    • 354 9 INNOVATION f> I To the winning edge >. S» y J omputer «r': v x m" < -'> "> :r.z, '.»;i?* t How good a product is on architecture and They are also user-friendly and the outside is often many peripheral as ideal for a variety of portable determined by
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  • FOCUS
    • 2744 10 It's coming apart at the seams and we've reached a point when distress at the periphery cannot be good for us at the centre, financier warns Congress Thefollowing is the full text of the testimony of George Soros, chairman of Soros Fund Management which manages
      REUTERS  -  2,744 words
  • Page 10 Advertisements
    • 68 10 "A brutal epphich wages war with the emotions. Wnnc Kim llob. i it u ■rip 1 naked "'liiicitine suns "m be blistering hrufal." filing in your head Krl«in T«ntj». s//.* w/s inn s /111 SIEVEfi SF:ELBEP3 torn hanks saving private ryan edward burns matt damon torn sizemore the mission is
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    • 20 10 I cmm cm education institution. The Straits Times Classified ismy course tosuccesp. fa CATS. 1800-737-1166 Call Today For Results Tomorrow.
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  • THE WORLD
    • 542 11 WASHINGTON Asian economic crisis cheapened the dollar value of imports Reuters Bloomberg THE US trade deficit rose by 2.1 per cent to a smaller than expected U5513.92 billion (5523.9 billion) in July, the Commerce Department said yesterday, as US exports fell
      Reuters; Bloomberg  -  542 words
    • 318 11 MOSCOW Bloomberg THE Russian rouble dropped more than 20 per cent for a third day as inflation soared and confidence that the government can construct a credible economic policy continued to wane. The rouble fell yesterday to 15.85 per dollar, a drop of 21
      Bloomberg  -  318 words
    • 34 11 [PARIS] Apple Computer's acting head Steve Jobs presenting the company's new iMac computer at the Paris Apple Expo yesterday. The iMac will be soldfor just under 10,000 francs (553,038). AFP
      AFP  -  34 words
    • 218 11 NEW YORK FT INTENSIFYING global financial turmoil has led the International Monetary Fund to lower its estimate of world growth this year to 2 per cent, Michel Camdessus, IMF managing director, said on Wednesday. The IMF, which will officially announce the figure
      FT  -  218 words
    • 666 11  -  But he denies there's co-ordinated global effort to cut rates FYom. Andrew Marks in New York INVESTORS holding their breath for another hint that the Federal Reserve is poised to cut short-term interest rates ended up blue in the face on Wednesday.
      666 words
  • Page 11 Advertisements
    • 392 11 H THE ROAD TO ASIA'S RECOVERY NEWMARKETS ARID OPPORTUNITIES Organised by Department of Finance and Accounting, NUS In conjunction with ACI Singapore The Financial Markets Association and The Singapore Foreign Exchange Market Committee &30m» Registration 18.45 am WELCOME ADDRESS Pro# Wn Chow Hoe. Dmd, Faculty of Business Administration. NUS Prof
      392 words
    • 242 11 j I I-'' I V' V HMHHHHHK Presents Sydney 6 Beyond $1299 Now s999* y••''♦" v 'y x The resort has four stars, the atmosphere has millions. ls»gaB^ ~**tj I S I Now, you can enjoy a holiday in Sydney and at the same dinner at the hip Planet Hollywood
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  • EDITORIAL & OPINION
    • 818 12  -  THE BOTTOMLDfB OPINION By Jim Hoagland The writer is a Washington Post columnist THE ascent of Yevgeny Primakov to the highest rungs of the Kremlin's power ladder represents the most damaging failure of Western foreign policy since Iraq's invasion of Kuwait in
      818 words
    • 103 12 'It depends on what the meaning of the word 'is' is. If the if he if 'is' means is and never has been, that is not that is one thing. If it means there is none, that was a completely true statement..' Bill Clinton US president, to
      103 words
    • 672 12 EDITORIAL ALTHOUGH Malaysian shares are no longer traded on Singapore's Central Limit Order Book (Clob), reports of its death are, well, greatly exaggerated. In the popular imagination, Clob has "died". But this ignores the fact that counters from Hongkong, Indonesia, the Philippines, Europe, Australia and
      672 words
    • 921 12  -  6-7 has pledged unified action to avoida world economic collapse but can it work? By\ Neil Behrmann The writer is BT's London correspondent FINANCE ministers of industrialised nations have at last woken up! At a meeting in London this week, there was
      FILE PHOTO  -  921 words
    • 325 12  -  mailbox Christopher Leong I REFER to the article headlined "Credit card frauds: banks tighten liability rules" (BT, Sept 12). Remarks by certain banks that "banks have not made anyone who acted in good faith to pay" for lost credit cards is
      325 words
    • 733 12 Breach of Justice IN THE two weeks since Anwar Ibrahim was sacked as Malaysian deputy prime minister, he has been accused of a wide variety of crimes from leaking state secrets to sexual misconduct. But still no move has been made to arrest him, although several
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  • Page 13 Advertisements
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    • 174 13 Buy It Sell It. Find It Classified, fffc CATS. Call Today For Results Tomorrow. 1800-737-1166 to i m i SEAFOOD 3 PROMOTION 3 Besides the usual Ala Carte I menu, Chinatown will be I introducing a "SPECIAL I SEAFOOD PROMOTION I Ala Carte menu comprising I of dishes such as
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    • 136 13 Experience the wonders of BORDEAUX at Top of the 'M' Revolving Restaurant 17-27 September 1998 Please call 831-6258/88 for your reservations *»«<« VKODiS P* -i* R*rol»i»t Rnuunm LOUeau Bits «.ft4.r..t Bordeaux (France) Iftfc floor S^S-" 333, Orchard Road, Smgaporc *****7 Td: 737 4411 I Ueury Dim Sum till 4fw How
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  • Page 13 Miscellaneous
    • 871 13 TV&RAPIO ftre&Uere 13 5.00 News 5 Today Followed 2.05 MTV's Mandarin Top 1 JiW^gJTTiTTSaM^—^^ Mask. 20 Countdown. ArtA £vi Innovation B 5.30 Spider-Man. 335 Lives and Perfor--4.00 Kidz Blitz. Sesame 6.00 NewssToday Followed mances. l TU By Wheel of Fortune. 4.00 TV Innovations. I s.°° Kidz Blitz: The Silver 6*30
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    • 155 13 UHVH'IC CROSSWORD 4 Daisy, example, writes generator? (4) 29 Goddesses of a thousand ftinc- tions (5) 8 Boredom, a bit of a rotten nui- YESTCRDATS SOLUTION DOWN 10 Fitfully sleeping, hates rus--1 Assisted crime in warder's I l^ ling(s B) ffljjßßMftßßßVEifflS post? (63) 15 Knave in cold castle (5) tTOlraEffllß
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  • THE LEADING EDGE
    • 1184 14  -  Dr Lee, the CEO of the new Kandang Kerbau Hospital, talks to tax su ten about the challenges in her work, and her vision for the hospital TAN SU YEN WITH her easy warmth, big smiles, and quick efficiency, Jennifer Lee, 46, chief executive officer
      ARTHUR LEE  -  1,184 words
    • 635 14 AT the helm of a hospital that employs 138 specialist doctors, Jennifer Lee has firsthand experience of the little triumphs, and nagging frustrations of practising medicine. Says the eldest daughter of Lee Hee Seng, the chairman of the Public Service Commission: "I had a dad who
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  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 654 15  -  French group said to be paying $102 m for the 407-room hotel portion By, Jenny Lam [SINGAPORE] Mainboardlisted Hotel Properties Ltd is close to a deal to sell Le Meridien Singapour Hotel for $102 million to French hotel group Accor,
      ARTHUR LEE  -  654 words
    • 113 15 [SINGAPORE] Former permanent secretary Herman Hochstadt has been appointed independent non-execu-tive director and audit committee member of mainboardlisted Parkway Holdings effective yesterday. Mr Hochstadt, 65, currently holds the positions of group chairman of both listed Neptune Orient Lines and ECICS Holdings, and is also
      FILE PHOTO  -  113 words
    • 702 15  -  HOCK LOCK SIEW Neil Behrmann WITH world equity markets going through some wild gyrations lately, the prices of quality bonds have soared. Yields have tumbled in the past year and when compared with levels in 1996 look meagre. Since bond
      702 words
    • 194 15 [SINGAPORE] Homegrown Ultro Technologies has received in-principle approval for a mainboard initial public offer, which should be launched within a month. The electronics company, which this year posted pretax profit of $7.7 million on sales of $100 million, has three major businesses: component
      194 words
    • 462 15 Analysts uncertain how group will book Sime Bank losses AFXAsia [KUALA LUMPUR] Sime Darby Bhd is expected to report tomorrow a net loss of 415 million Malaysian ringgit (*****.5 million) to RMI.2 billion for the year to June 1998, against a RM835.8 million profit
      AFX-Asia  -  462 words
    • REGIONAL COMPANIES
      • 746 16  -  No improvement seen in 2nd half; provision for S'pore property being considered From Quak Hiang Whai in Hongkong SINGAPORE-LISTED conglomerate Jardine Matheson Holdings (JMH) yesterday reported a 63 per cent plunge in net profit and warned of no improvement in the current half. Hit by
        746 words
      • 405 16  -  By Jenny Lam [SINGAPORE] Raffles Medical Group (RMG) has reported a 3.5 per cent dip in net profit to $1.81 million for the six months to June 30 due to thinner margins and continued losses in Hongkong. "Generally, we are doing
        405 words
      • 556 16  -  From Ruth Wong in Kuala Lumpur CONSTRUCTION company Sungei Way Holdings has agreed to hive off its quarry and asphalt businesses to a 50-50 joint venture for 360 million Malaysian ringgit (*****.6 million) in a move to cut its debt. The
        556 words
      • 312 16 US firm wfll be largest shareholder with 413b yen boy FT [TOKYO] General Motors, the world's second largest carmaker, is lifting its stake in Japanese auto manufacturer Suzuki Motors from 3.3 per cent to 10 per cent in an attempt
        FT  -  312 words
    • COMPANIES
      • 468 17 Withdrawal may make it harder for owner Seagram to get a good price Bloomberg [PARIS] EMI pic said it no longer wants to buy PolyGram Filmed Entertainment, weeks before final bids are due, prompting speculation that Canada's Seagram Co may need to
        Bloomberg; FILE PHOTO  -  468 words
      • 305 17 FraKhtelecomsfirm posts 15.2b franc profit in Ist half Bloomberg [PARIS] Alcatel SA, the world's fourth-biggest telephone equipment maker, said yesterday profit this year will fall short of forecasts because of economic woes in Russia and South-east Asia. The warning came as the
        Bloomberg  -  305 words
      • 438 17 Bloomberg [PARAMUS, New Jersey] Toys 'R' Us Inc, the world's top toy seller, will take a fiscal third-quarter charge of US$495 million (*****.9 million) to close about 90 stores, shut distribution centres and fire 2,500 to 3,000 employees to reduce costs and compete
        Bloomberg  -  438 words
      • 429 17 Online trade could help Asia recover, says chairman Reuters [SINGAPORE] HewlettPackard chairman Lewis Piatt said yesterday that the company would cut some jobs as part of its restructuring. "Undoubtedly, there will be some personnel cuts as part of the restructuring," Mr Piatt said, responding
        Reuters  -  429 words
    • FINANCE & COMMODITIES
      • 475 18 Golf coarse developer claims it was misled in forward contract Bloomberg [JAKARTA] Bank Niaga may see half its equity wiped out if it loses a court battle over a US$5O million (5586.3 million) forward contract with a golf course developer.
        Bloomberg  -  475 words
      • 356 18  -  Unit trust will invest 60% in bonds and 40% in equities By\ Shiv Taneja [SINGAPORE] With an eye on the growing volatility in financial markets around the world, OCBC Asset Management yesterday launched a European balanced fund one that invests in both European equities
        356 words
      • 247 18 rnniwii Report Reuters [SINGAPORE] Simex Japanese government bond (JGB) futures surged to close at a new high yesterday as the Nikkei fell on worries over Japan's ailing banking sector. Dealers said flight-to-qual-ity buying shored up the JGBs as investors unloaded their shares and
        Reuters  -  247 words
      • 185 18  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures declined, wiping out their early gains, as investors were still suspicious about the recent rallies that were considered "fundamentally weak". The September 98 contract, stimulated by the
        185 words
      • 203 18 ENERGY REPORT Reuters [LONDON] Oil prices moved higher yesterday as dealers tentatively placed bets that the world's petroleum glut will ease further in the approach to the northern hemisphere winter. London Brent blend crude futures for November traded 26 cents higher by
        Reuters  -  203 words
      • 279 18 AFX-Asia AFP THE US dollar continued to be weaker against major currencies in afternoon trade, pressured by a sharply weaker Wall Street and mounting worries over Latin America, dealers said. Divyang Shah at Idea said concerns about Latin America mounted after Chile became the latest country in the
        AFX-Asia; AFP  -  279 words
      • Article, Illustration
        1090 18 nrraBAJnt CROSS RATB8 /r LT21 0892 5*474 oilS 3727 °Tni VS 0485 *124 loll ife MM CMM 0205 0.163 0.103 0.611 0203 0.933 189 H337 0.162 1667 (USB 0.238 6510 1275 0207 0.736 1)67 4.163 4M 1072 0120 ECU 1*1 1761 9471 6.5*9 1964 9.034 *****129.076 1.565 16.132 4431 2203
        1,090 words
    • 884 19 POOH FUTURES Sep 17 •5* iuo W5 MwM 1825 WTJS *7.75 60 MM m» wo %r/J»W §8 IS J*5*M BHT5 BO ifT X -.-N. fe MianaKroiwM MM opw —m m/» -Urn 9ft a—a iowo 47.75 070 nwm as* c?jm cms a» bm I' >K 90 C7J0 67JO (400
      884 words
    • 1471 19 N— VBQrwm *****0 -5400 AB Parts 2SUW0 7-000 AMITIWIMI —MIUIOO -4^900 MMDwq tnnTffl -***** 1 M, nn undk AMiGraup 174.400 -6*200 BAT M *****0 -TJMO BCPte *****0 7-800 MCC 72-000 -7.000 lOCCn# 7W400 3-400 MPMralMi jaw ***** rr» H6400 -4400 tattfhMM *****0 -***** BMkfi imaoo -0-200 maw
      1,471 words
    • 1311 19 Bloomberg Qau» -am JAPAN'S benchmark Nikkei index fell to a 12v* year low as property stocks that ballooned during the late 1980s fell on concern that local governments in Tokyo and Yokohama may be forced to sell property. Mitsui Fudosan Co, the nation's biggest real estate company, led the
      Bloomberg  -  1,311 words
    • Article, Illustration
      1424 20 Reuters AFP n&uigSeag -***** STOCKS fell to a sharply lower close yesterday on the heels of index heavyweight HSBC Holdings and in sympathy with weaker overseas markets, brokers said. The Hang Seng Index shed 284.11 points, or 3.61 per cent, to finish at 7,576.57 after hitting a low of
      Reuters; AFP  -  1,424 words
    • Article, Illustration
      594 20 Reuters n Shenzhen B Index -0.71 SHENZHEN B shares closed lower in light trade yesterday, extending a correction from Tuesday's heavy gains, analysts said. The B shares fell 0.71 of a point to 65.31 on turnover of HK$ll million. "Today's fall is just a continued adjustment from Tuesday," a
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  594 words
    • 340 20 AFP HWPMg +27J6 TAIWAN share prices closed 0.4 per cent higher yesterday on government-supported buying that lifted the key market barometer just above its 7,000-point support level, dealers said. "The government had stepped in to support the market and encouraged speculative buying," said Clement Lou at Taiwan International Securities.
      AFP  -  340 words
    • Article, Illustration
      670 20 AFP Composite Index -6.44 INDONESIAN shares yesterday closed 1.9 per cent lower amid heavy selling pressure and underlying concerns over financial difficulties suffered by major listed companies, dealers said. "It's basically the continuation of massive sell-off two days ago. The difference is just on the volume," a dealer with
      AFP  -  670 words
    • Article, Illustration
      768 20 AFP SET Index +L3B THAI share prices were stable yesterday, gaining 0.6 per cent but closing off their highs on renewed foreign interest in banks and large caps despite declines in key regional markets, analysts said. "This morning there was some buying in banks which pushed stocks up, but
      AFP  -  768 words
    • 287 20 AFP Fl Manila +92.7 PHILIPPINE share prices soared 7.9 per cent yesterday as foreigners trickled back into the market and investors bought heavily into the country's main telephone company, PLDT. The Philippine Stock Exchange Composite Index closed 92.7 points higher at 1,269.24. Volume rose to 450 million shares worth
      AFP  -  287 words
    • 406 20 AFP n Composite Index -121 SOUTH Korean shares inched down yesterday in lacklustre trade as blue chips shed early gains amid weakness in regional markets and jitters over prospects of a US interest rate cut, dealers said. Dealers said the downturn in the Tokyo and Hongkong markets undercut sentiment,
      AFP  -  406 words
    • 581 20 AFP □AnOrfauuTM -10.4 AUSTRALIAN share prices drifted down 0.4 per cent yesterday as investors remained on the sidelines while key global economic and political matters remained unresolved. The All Ordinaries Index dropped 10.4 points to 2,542.8. The All Resources Index fell 9.7 points to 986.4 and the All Industrials
      AFP  -  581 words
    • 255 20 AFP H Wellington *UM NEW Zealand stocks were up 0.8 per cent yesterday with Telecom Corp accounting for more than a third of turnover. The NZSE-40 Index rose 14.62 points to 1,762.36 on turnover worth NZ$62 million with Telecom Corp gaining 20 cents to close at NZ$7.5O. AFP s*»n
      AFP  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • 7710 21 CMMMf prtAict! 1998 Last Vat Day N.t Cap Hm. L— cw>m i* *000 Mm law P/I >■* 310 no Ajmomoto 210 n3 8S.1 148 35 Angkasa 62 2 83 66 61 L4 91.4 290 123 Apoiio Food Mk) 100 6.3 72.0 364 108 Barjaya Land 170 -6 12 184 170
        7,710 words
      • 377 21 AFP n Composite Index -7.49 MALAYSIAN share prices closed 1.9 per cent lower yesterday amid profit-taking in dull rangebound trade dominated by second and third-liners. The Composite Index ended at 386.55 points, down 7.49 points from Wednesday's close. The Second Board Index shed 0.13 of a
        AFP  -  377 words
    • WARRANTS & OPTIONS
      • 2333 22 IMS Last M Day Last Oust! Aof M«k kn Mw Clin hh ««r- rOOOl M*h Lot Mqw Mhr Me* 2Q3 3 3160 Acor WQ*****USS 5 »L5 51 5 ~5 S3 95 S 3164 Acaa W0W724 AS D6 U I 8 8.5 7 3161 AVTadl W*****7 2L5 39 tt as OT
        2,333 words
      • 212 22  -  WARRANT WATCH -By R Sivanithy PROPERTY stocks have suddenly sprung back into favour, foUowing the interest rate cuts by the banks. The SES Properties Index shot up 18 per cent between Monday and Wednesday before pulling back 4.6 per cent yesterday. But, those wanting
        212 words
      • 199 22 mmmmm mm •r «r I—« Day LartOart* Mr WM HC« l— «t» Ciimi V- room wg> t— urnm cw n* 400 2SO 5123 COL (2000) HK__ 400 ]gj u 2A 2JD 2Q6 ***** 5«24 C4ttMy Ptc 20c HK_ 720 2i&0 2J 7* 6.0 *****.4 SOS Otnaiq KongSOc Ml
        199 words
    • 5177 23 Transaction datr St'p 17 I Or Or M Wt IMS Last Vat Day Laat Owata CXv Dtr Kg Can »»1 Hl» Law BtNa Campawy UK fOOO) t— —r*r laBar Pw Wl »3 P*** 142 49.5 mt 1000 AcmaSOc 515 -3 212 65 35 57
      5,177 words
    • 976 23 Or 9r M m KM Last Vat Day LaatOaata M* 9* VM Mat Cm M* w» lw mm eiw>wf un room t— m*/m urnm cw M 243 30 2049 •ASAutalOc Wic< U 1*97 TU MS H Mi SjOM M U U JM M U MS *4 M f7 SU
      976 words
    • STOCK EXCHANGE OF SINGAPORE
      • 203 24 Stacks Keppe) Land 50c 23,957,000 Wing Tai 25c M.725,000 OUB Foreign 12,110,000 Keppei Corp 11,393,000 DBS Land-... 10.784,000 Keppei LandWOO 9,292,000 STEnggWc 7,025.000 SingTel 15c 6.847.000 NatSteel 50c 6.224.000 Guthrie W02 5,358,000 Stocks _l OUB Foreign 29,968,768 DBS Foreign 24,086,633 0C8C Foreign— 23,187,000 Keppei Corp.- 21-342.128 SPHT. 20.939.504 SingTel 15c
        203 words
      • 751 24  -  STOCK MARKET OOMMHMTAKT But STI ends lower as hopes of such a merger fade; profit-taking, dimmer prospects of US rate cut also cited By R Sivanithy (SINGAPORE] After surging 95 points or 11 per cent in three days, the Straits Times
        751 words
      • ON THE GRAPEVINE
        • 88 24 MASTERCARD'S colourful president for the Asia-Pacific region, James Cassin, will be stepping down from Oct 1. Taking his place is deputy president Andre Sekulic, who came aboard the enterprise over 12 years ago and helped spearhead smart cards in die region. Mr Cassin, though, will still
          88 words
        • 203 24 AN announcement to the Stock Exchange of Singapore suggests that Indonesian tycoon Liem Sloe Liong may have raised some money pledging his shares in United Industrial Corporation. Mr Liem, who owns 310.7 million shares in UIC, recently transferred 10 million shares out of his Singapore
          203 words
        • 113 24 JOBS are indeed not easy to find in Singapore these days. Not when many companies recruiting executives for senior positions find they have a large pool of qualified and highly educated applicants to choose from. Speaking earlier this week to business and science graduates at a convocation
          113 words
        • 64 24 YESTERDAY OCBC Asset Management launched its Savers Europe Balanced Fund. Those who apply for a minimum of $5,000 worth of units before Oct 9 will get an early bird Incentive of a "luxurious spa and fitness package". Quipped one wag: "Obviously, making investments these days has
          64 words
      • Article, Illustration
        71 24  -  -by: Shiv Taneja HONGKONG LAND Holdings closed one-and-a-half US cents higher yesterday at US$O.99 on a volume of 4.52 million shares, compared with its 10-day traded average of 2.02 million units. In the near term, the counter is unlikely to cross the US$l mark, as it faces considerable
        71 words
  • Page 15 Advertisements
    • 30 15 We've been building machines like this for over 50 years. The ones that fly. < 4 f SAAB <CaN^ TWNS ELROMRS J <MHI I((IK\H> I he new Saab f 1 w
      30 words

  • Page 16 Advertisements
    • 626 16 pr f LtlJ huan hsin holdings ltd Proforma Half Year Financial Statement Haft-year financial statement on consolidated results for the six months ended 30 June 1998. These figures have not been audited Group Company SS'OOO Ssooo Sl'ooo SS'OOO Latest half year Previous Change Latest halt year Previous Change to 30
      626 words

  • Page 17 Advertisements
    • 750 17 wmwir mm yjitvv Hotung Investment Holdings Limited (Incorporated in Bermuda) HALF YEAR FINANCIAL STATEMENT Group Company (NTS'OOQ) (NTs'ooo) 1 Mto 5 Mar. 97 to Change 1 Jan. 96 to 5 Mar 97 to Ctenge 30 Jun.9B 30 Jun.97 XJun.96 30Ju\97 Turnover 706,788 312,823 125.94 29,535 0 Other income 77,965 81,002
      750 words





  • Page 22 Advertisements
    • 178 22 It's time to get a drink, go dancing, listen to the latest hits The* and catch the hottest bands in town. It's all happening in a AFTER 5 in The New Paper Fastads. This special focus, published every Friday, provides The New Paper readers with a comprehensive guide on where
      178 words

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    • 16 23 BUSINESS mice s TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO NEXT PAGE FOR MORE NOTICES
      16 words
    • 40 23 II Withareadershlpbaseof 1.2 million, no other I I IT publication comes close. For enquiries or ad I bookings, call: I I Daisy CM* Tal. 740 2215 I I Pgr. *****678 I I ChooGingYang Tat. *****41 I Pgr. 9306 8517 I
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    • 106 23 r M THE MATTER OF THE COMPANKS ACT, CAP. M ANO M THE MATTER OP NUVISION MANAGEMENT PTE LTD Al lha Exlreordnery Ganaral MaaMng ol NUVISION MANAGEMENT PTE LTD duly oorwened and haid at No. 3 Naw Industrial Road #03-01, Ktmly Building. Singapore *****7, on 14 September 1996. tha Spaclal
      106 words
    • 151 23 r M THE MATTER OP THE COMPANIES ACT. CAP. §0 ANO M THE MATTER Of NUVISION MANAGEMENT FTI LTD (MEMBERS' VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN thai tha creditors of lha abovanamad company, which Is balng voluntary wound up. are required on or Mora 18 Odobar 1906 to Mnd
      151 words
    • 239 23 KESOUKCES INSURANCES nt ITD Nona or special inournoPß Nana a raar aw rnr at an p"** o Many o> vm COMPANY Min TO HAVZ KEN HELD NRSUANT TO SKTIONI7J(4) OPTBB COMPANIES ACT (CAR 50) KS 5 TIMAHX BOUIIWU), MH-03 KHIH.WV w*H SINGAPORE *****5 ON THE 9TH DAY OP SEPTEMBER 1998
      239 words

  • Page 24 Advertisements
    • 759 24 BUSINESS }c('S T<» ad\ertisc call toll-free IXOO-741 IXXJ un-nrF to close REGISTER OF LOAN STOCK HOLDERS $22,000,000 PRINCIPAL AMOUNT OF 2.25% UNSECURED LOAN STOCK DUE 2002 Pursuant to the terms of issue of the $22,000,(XX) Principal Amount of 2.25 /o Unsecured Loan Stock Due 2002 ("Loan Stock 2002"), the interest
      759 words
    • 230 24 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LTH ELECTRO-MARTS PTE LTD (In Credlton' Voluntary Winding Up) NOTICE OF FIRST FINAL DIVIDEND Nam of the LTH PMIM— Company PlcUd (laCmten'VUMUry Wiadiag Up) Company registration No. *****1146W Addreu of Formerly at registered 26 Amber Close,
      230 words
    • 366 24 M THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF ATLAS AIR (S.EJL) PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary Ganeral Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of the Companies
      366 words
    • 313 24 NOTICE Philippine National Bank USD 100 mio Negortoblc United Stales Dolor Floating Rate Certificates of Deposit due in September 1999 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the interest period from 18 Sep 98 (inclusive) to 18 Dec 98 (exclusive) the
      313 words
    • 221 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CIRCULAR LOGIC PTE LTD (In Members' Voluntary UgddaMnn) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Art. Cap.so, that 1 General Meeting ol the abovenamed Company wiN be hetd at 9 Penang
      221 words
    • 322 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SALTEC INVESTMENT LTD On Memfasri' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Saction 308 (1) ot the Companies Act, Cap.so. that a Final General Meeting of the abovenamed Company wiM be held at 9 Penang
      322 words

  • SHIPPING TIMES
    • 311 25 Bridge News Reuters THE key activity in the east remained focused on Panamaxes for trips to Europe or the US with rates climbing steadily, brokers said. There were also signs of a possible upturn for October positions on the key US Gulf/Japan grain run. After Tuesday's corrective "shakeout",
      Bridge News; Reuters  -  311 words
    • 257 25 w CWT OteMMton 0.29S -0.025 M ChuanMap 0 34 -0.023 1803 Catc« MwMtmwM 0.405 -0.005 17 FrvtahtUnk* QMS -0.015 252* MHMflngi C-23 unch tt WtalHw 0.303 -0.02 3005 HKacMZoMn OS) -0.03 133 IMCHaMtoga HK 3.60 JH«Wfc|i 0.405 -0.005 12 JurwwMpywid 1-20 «0J0 33 K4»»alCarp L99 ♦0.07 ***** Mw«F(LS
      257 words
    • 527 25  -  Carrier was part of group allegedly involved in unfair practices By\ Marcus Hand [SINGAPORE] Neptune Orient Lines (NOL) is reported to have been slapped with a US$l6 million (5527.6 million) fine by the European Commission (EC) as part of US$3lB million in
      FILE PHOTO  -  527 words
    • 748 25  -  ADMIRALTY CASEBOOK By Selva Kumar THE conduct of a UK-based trading firm that ignored arbitration proceedings in China and then resisted the Chinese company's enforcement of the award has been criticised by an English court as not deserving the sympathy of
      748 words
    • 353 25 Reuters [MIAMI] Royal Caribbean Cruises, the world's second largest cruise line, was fined US$l million (Ssl.7 million) by a US judge on Wednesday for dumping oily bilge waste into the ocean and lying about it. The penalty was part of a
      Reuters  -  353 words
    • 258 25  -  By\ Marcus Hand [SINGAPORE] A 2,700 TEU container ship Ever Glory collided with a car carrier Hual Trinita in waters off southern Singapore yesterday morning. The collision took place at about 8.20 am yesterday about two nautical miles south-east of Pulau Sebarok, the
      258 words
    • 807 26  -  INDIA'S CONTAINER TRANSPORT CO For Delhi's bid to divest Container Corp of India to succeed, shares should be offered at 350 rupees, say analysts By Masako Lijima Reuters THE divestment of India's largest container transport firm could be a winner if the pricing can entice
      Reuters; FILE PHOTO  -  807 words
    • 336 26 PACE ESP linn M AMI 3 Ev«ve«n Accord 8 Express T l 13 AUrcnk* 12 foongSun 8 Appensiiip 5 frot B Astro 3 Frt Links 14 Austral 8 GUl A»jnt 14 Geiwrtrans 8 B'tang Mas 8 t ns *W 1 BSA 7 CtoryNw 14 8TL 16 H
      336 words
    • 17371 33 thebusinesstimes THEBUSINESSTIMES EXPORT w A *?!*T T r t r°°* I r* Adv rttMf *<>'•«• TW»o. I ETA eta A«v*ti»,v™*vo^.r.***. I ETA cta Mwtw ETA rr* Advartlsar Vassal Voyaga Tttopfton* ETA ETA Advartlsar VtiM Voyaga Talaphona Ml NW» Nam Nwatar NumOar SIN Dast'n Nam* Htm* Number Numbar 25/09
      17,371 words
    • SHIPS IN PORT
      • 704 39 V«»s«l Voy Mo Btrth Arrtval Departure Aitimontt UC76 alongside 17.09/1830 And* Perdana *****6 JT1 alongside 17.09/1800 knntmtkt 9802 J17 <4onqsid* 20.09/0900 Art Oudenkov 9855A JOB alongside 19 09/0600 Asean Junto 803N JI5 ilomjvM 17.09/1800 Aulia Seraya 3298 J03 alongside 17.09/2000 BatuHcin 022 J04 alongside 19.09/1500 Bonanza ***** J06
        704 words
      • 1771 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofcing/Bttanc* Rstli Ship Voy No Etb/Btr Ptrtod From To from At t if m 20/0*00 U 17/1500 17/HW IT/WOO nmoo nntn nmoo U 17/1700 worn a 17/1700 18/0659 a/0100 i a/DToo wim a/woo 4 a/uoo a/MH a/1700 An j«y«jrtj OH
        1,771 words
      • 194 39 Sop 23 Japan: Autumnal Equinox Day. Sop 24 SoufA Africa: Heritage Day. Sap 28 //o/i£ Xon#.- Chung Yeung Festival. Taiwan: Teacher's Day. Oct 1 China: National Day. Hong Kong: National Day. Oct 2 China: National Day Holiday. Hong Kong: National Day Holiday. Oct 3 Germany: Day of German
        194 words
      • 517 39 THIS report. compiled by Cockett Marine Otl Lad. •hows price rangee In US dollari instead of single prices far a mors comprehensive dsscrtptlon of the market Prices shown are baaed on average-used stem Market movemenle are Indicated The Cocked Bunker Pries Index change and the Individual
        517 words
      • 384 39 < j M%m "OX" »tO 2J W O.H 342 0.07 *> D*imtr N»tor htlfci Art I Silwil Mo ibovt OS 1 4 12 J 3 0 N/N 380 AM 987.7 02 B.4 0.07 31 0.03 u/iri «M mm J22 M0,ta M 1M 0.11 67 0.11 %,/t
        384 words
    • AIR & LAND TRANSPORT NEWS
      • 405 40 Boeing, Air bus sales in country seen hit as Chinese carriers also delay deliveries Bloomberg [BEIJING] China froze new aircraft orders and its airlines are delaying deliveries as a slowing economy and overcapacity crimp demand in what may one day be the
        Bloomberg  -  405 words
      • 300 40  -  From. Rajendra Bajpai in New Delhi IN a desperate bid to cut its losses, Air India plans to offer a three-day work week to its employees and pay them 60 per cent of their monthly wages. "It's only em interim measure and entirely
        300 words
      • 216 40 AFP [JAKARTA] European consortium Airbus Industrie has agreed to roll over US$75O million (SSI.3 billion) of debt owed by troubled flag carrier PT Garuda Indonesia, but refused to cut the debt size, a newspaper said on Wednesday. Airbus rejected Garuda Indonesia's
        AFP; FILE PHOTO  -  216 words
      • Article, Illustration
        96 40 [MODENA, Italy] Thefourseater 3200GT coupe, which reaches speeds of2Bo km per hour and streaks from oto 100 km in 5.12 seconds, is the lastest product to come from the Maserati company which is 50 per cent owned by Ferrari and 50 per cent owned by Fiat Spa. The
        REUTERS  -  96 words
      • Article, Illustration
        59 40 [PEGGY'S COVE, Canada] Crew members ofUSS Grapple holding a support line attached to a bag ofaircraft debris while it is lowered to the deck of the salvage ship near Peggy's Cove, Nova Scotia on Tuesday. US and Canadianfbrces are operating together in the retrieval of victims and aircraft
        AFP  -  59 words
      • 502 40 It also plans to hand over several Aussie routes to unit Kendell Airlines Reuters [MELBOURNE] Australia's second airline, Ansett Australia, on Wednesday announced a major rejig of its domestic and international flight schedules, the first of a raft of changes designed to deliver better returns
        Reuters  -  502 words
      • 321 40 AFP [SEOUL] South Korea's punctured car industry should begin to slowly emerge from its worst-ever crisis next year as the economy moves towards recovery, industry experts said on Wednesday. The sector, once South Korea's fourth largest industry, has seen sales
        AFP  -  321 words
      • 1617 40 OTT flWff CT* FU6HT HQ S0325 178 N***** 2359 mm S0230 mo jm mm mm am Amtartfaa ****** 0755 KL044 0040 WW WO WW WH S0327 0755 6*974 2255 tlllH>llWC ***** 1905 C2354 0910 *1637 1455 XL838 2300 COW 2X5 ***** W20 £5 *W41 1310 WI742
        1,617 words
  • Page 25 Advertisements
    • 20 25 Sell-off of Container Corp ha ngs on price Indian govt should offer shares at 350 rupees, say analysts. Page 2
      20 words
    • 172 25 China freezes new plane orders as economy dows Airbus, Boeing sales in China seen hit due to delay of deliveries. BaokPa#o M Shipping times SPECIAL FEATURE WEDNESDAY, 14 OCTOBER *98 ■I 3 I *±l}n iI99hS The total marketing solution for Asia's logistics industry The first complete exhibition in Asia for
      172 words

  • Page 26 Advertisements
    • 959 26 1 NORTH AMERICA I i EXPORT I I OTHER DESTINATIONS I wr m <*■ m |—o«T p mm m lan hmkpm majwu rrqunA I—mi Imiimh muhimz ooqomu mcsm m/m m/m "fi/ii 57ii M/w »/M M/w W/W mmmh tin b/m m/m h/m m/m w/io m/m m/ii ooaunu m/m m/w m/m m/m
      959 words
    • 94 26 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW POWT> Hang Kong A A 1 CMm ggi immv thwh a tUH MMttj v KStI VOY ITP SIN ETA TYO ETA KOI ETA YO* ETA HGO ETA
      94 words
    • 612 26 represented Orders raIHPSy Accredited Shipping Agents. □JLU Association Singapore Sh«ppr»g Association ""WW' NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMPIIR/FREMANTLE (MONTHLY SERVICE} MV "ARKTIS PRINCESS" V.9801 ETA SIN 25/09/98 BOOKINGS CALL JUUA/MONtCA TIL 323 4374 CONTAINERSCONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETASL\ ETA MALE PHoeewLfljr VMM
      612 words

  • Page 27 Advertisements
    • 1091 27 TO EUROPE FROM EUROPE VBSa VOT SM RTM ANR HAM 88V SOU f>T HM VTOBL m> ANR HAM MtV SOU FIT LIH SM wx emu* ootw 21/00 «i/io 10/10 13/1007/10 hygorai 31» 27/01 20/00 01/0024/0010/00 MtIAMN 31SW 24/09 17/10 14/10 IS/10 12/10 NOLMIS 004E 30/08 01/09 04/00 05/00 22/00 mx
      1,091 words
    • 2038 27 I <g) HANJIN SHIPPING HANJM SHIPPING (S) PTI ITO h* //mm hap* com KKMUHG ********** SALES *****74 731 DOCliMBfl *****71 774 OPBtATKMS 3?*C?4l IS2 HAM INK *****55 ftl *****40 OIO: ********** M TO NW USA A CANADA USA CANADA* RHYtt/VOT MM SM IMHAU./VOT «T~| TTW DEN HSS ol MP Sf
      2,038 words

  • Page 28 Advertisements
    • 1429 28 DSR-SENATOR UNES TO UK/CONTINENT TO RED BEA/MI^fIT£KRANEANCANAPA voy sw uh imo ami ham |onv |m llvtaa Ivor Jto cn tn Iroi |wx |«ni HMUM PORTLAND WNO3O 22 00 *11 11.10 1210 14.10 1111 10 10 LONDON SENATOR WMO42 24 0* 06 10 11 10 13 10 10 10 17 10
      1,429 words
    • 990 28 IlLtfl MAC-NELS S'PORE M'SIA uTTTTT| Carrier: Mil CONTR UNES y NIC p. gudamg: (07) *****26 I~IY/ \> J WO. IIOM7MOW StBU:(O64) J***** MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT (21) *****07 MDW. (61) *****3 KUCHMQ (062) *****1-3 XIMOANO HO CHI
      990 words
    • 515 28 SIJiSSiUOHUNI Hb HM4M IMb lIMIII L MUARA j LABUAN vesa wr m in vtssa toy no et* SPOT MUAftA SPOKE UK n 52! au§A mm vih/ sium not nnm 27/04 30/04 straits not vzte/m a/oo so m STRAITS NOT V7R/40 04/10 04/10 SMMB NOT VM/W M/IO 01/10 IK. KINABALUI 1
      515 words

  • Page 29 Advertisements
    • 1237 29 jVUML VQY lIN POUI PKO 1 PKN I PON 1 PUN 1 »HJ NA IK IRAN MATIN PJL 1308 19/09 17/09 29/09 29/09 29/09 IRAN VAHOAT PJL 1317 09/10 19/10 PQB- Mini Oabon, DUB Dubai. SKJ 3har|ah. 8A Bandar Übn BIK Bandar Imam Kliomalnl ACCIPTINfI CONTAJNEH/BNCAK-BULK SHIPMENTS TO INLAND POINTS
      1,237 words
    • 1530 29 ■ra^PsYsW^VsVs^BifpHH^o»Mrf]fi HWiB VjniKlN IJDAYS I i°' N,S »Vn(K!O*W«T T(L 226 1900 (»~*****0! OUTWOtM^^'ToiMr^OHWwla^ I COSTAR SHIPPING PTf LTD #17-01 MSILDO SAUS/bkgs 4MM4I/O INWAAD DOT (D/O> s <*****5 COSTAR A6ENCIKS (M) SDN BHD TOWIITWO (QOIOf) COWVHfHOWAI *****50/55 T/SHPMTDOT *****25 TIL 70 1 W/fflf ran IK N M NO OB SK WWI
      1,530 words
    • 600 29 I rg-. EASTERN CAR LINER, LTD.'Tt'tir yfc la (SINGAPORE) PTi LTD SPECIALIZE IN RORO I nEK?SuKoi 22 TONS KL (SItKAPOftE) PTI m LOADING FOR PORT KLANG/Pf NANG/BONTANG CHITTAOONO/CALCUTTA/HALIMA MV OCIAN IRAVC" V.ll *V "BRISA AZUL" V.16 EUSNWO9/9. eiA>NN .7/09/9. iUKNiOTW PORT KLANG/BANGKOK/LAEM CHABANO JAKARTA MV "GOLD INDUS" V.2 uu "ORIENT
      600 words

  • Page 30 Advertisements
    • 1357 30 I iUHOPE/UIWCAHDIIIAWTmUUID/miSSI* 1 SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP I I E SSUSTV MM 2? ?H22 I!C!! 15(32 I 4 E H,GHT RE 036 27/ M 28/08 28/08 31/04 <»/«• ?vw I O* 1 WW-887 27/09 14/10 20/11 17/11 19/10 28/18 21/10
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    • 896 30 I PACIFIC INTERNATIONAL UNES (PTE) LTD I 5555S m mMW 14 0 Cecil Street, #03-00 PfL Building, Singapore *****0. CB NO: *****670X06 I W i*i m «n I lUNGA TIIATAI 3 353 20/f 21/» 2/10- iTW ilEi i™. I I Baazjfcja m m *4" I &n-Sg SC j ii/i' I
      896 words
    • 436 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vcsa voy I sw njy I out jwt err I iq~ mrauraus torn n/w 02/10 wo w/io 10/10 13/10 auaiggi too7s w/w ot/io n/10 is/10 wo HAMSACASTBIA MBS 04/10 15/10 H/10 22/ M 23/10 21/10 MMttIfWKBS M24S 13/10 27/10 38/10 31/11
      436 words

  • Page 31 Advertisements
    • 406 31 i POM M MYANMA wHHk FIVE STAR LINE (My—f NoHowl Uni) Loodlng for Yongon (Rangoon) vissm vor sm m m poo MAWUMYINI MW 11/1 MALAYSIA AQENTSi MUSTUO SMPPINO AOENOIS KUL m (DD*****00 PU> m (01)*****0! POfc m (04)*****02 MO! m (07) *****31/4 BANK LINE (A »#rvlu of Andrew W»lr 1
      406 words
    • 929 31 HMNEF HYUNDA^AERCHANTMARINECO^TD^^^^^^ ISr 8 *I*l &SZ2* 1?22 (1& ,-7, 0 07 ,0 W\\ ..L wjiw" 1 »2 94/01 M/ 01 Jc'/M 01/S 8® MY URON 315W 24/01 13/10 17/10 14/10 13/10 BM 54M 31/04 05/01 03/01 03/01 34/01 *01 IOUTI 001W 15/01 15/10 17/11 11/10 14/10 KY DOW 31X OJ/W
      929 words
    • 798 31 \V 1 loacio*M outocomr, \SL-u» c®@®e TO NORTH AND LATIN AMERICA *RORO HEAVYUFT SERVICE" [vntn vor uw huowt fil lax oil I mia say 1 sal 1q» mrc rWTW 1 ITOimi Pllf 400 TM UM 15/04 IS/10 01/11 04/11 04/11 01/11 Of/I I 10/11 I J/11 U/M TUAS POlO 4001
      798 words

  • Page 32 Advertisements
    • 845 32 ■AHOKOtUMAP U MHUT/LAH CHAIANOI JAKARTA/FAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN RATHA BHUM 31N 19/09 23/09 22/09 DEJA BHUM 7868 19/09 23/09 MATHU BHUM 381N 19/09 23/09 ANRO JAYAKARTA* 063 19/09 22/09 ACX JAPE 29N 20/09 23/09 24/09 ACX RUBY* 31S 21/09
      845 words
    • 631 32 1 cosco COSCO FULL CONTAiNER SERVICE (FCL/FCL) EXPORT TO; CHMA/HONQ KONQ EUROPE/COMTMBfTAL EAST 8 WEST MEDITERRANEAN AUSTRALIA AMEfVCA AfNCA US WEST/EAST COAST PERSIAN GULF/KARACHI Please refer above mentioned service* to China Ocean Shipping Co. Advertisement in Page S. VKSa VOY PW PKI $Gf HKG QM NK FW* 0114* IVW H/W
      631 words
    • 1067 32 [vessels I vov law I jed I nea lbi ham thp wtm r zee VELE DE GEMB4A H27W 22/09 3MB 08/10 I<yiO 12/10 WIQ wjp WlO- 06 POWON VZ7W 26/08 07/10 12/10 18/10 18/1Q fjm 2Vt6 Z&>0~ VELEDEMRAOSA V2BW 08/10 14/10 18/10 jjflO 2*loaytO 28/10 2S/10 VEIE OE TANYA T26W
      1,067 words
    • 19 32 CONVENTIONAL SERVICE COLOMBO BOMBAY Accepting heavy lift Upto 45 tons ETA 21.09.98 FCI7LCL WEEKLY SAHJNQ TO BANQKOK/HO CHI KONQftOXUJN&CALCXnTA/
      19 words

  • Page 33 Advertisements
    • 52 33 STdfi"fc Dial 740-6000 on demand! —(Retrieve more schedules!) Press "1 w CT JCV Select the port and key in the four digit code eg: To New York (NYQ 2275 Key in your fax number I your phone number Another innovative service offered by rTP The document Will be SHIPPING TIMES
      52 words


  • Page 35 Advertisements
    • 151 35 ■■BBBBigH FREE Rpadpr Enquiry Scrvicp g*< cut out and fax to: 6 5******29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: I ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      151 words

  • Page 36 Advertisements
    • 1025 36 SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****6 ■■MM TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARO) TLX: R*****0 CR NO. **********00 2^![!!!^.PA L !i.--.-L!'j-L 2 2 2 ?l 1 /1 8 -i E l c^ /CELIA/MEI CHAN 7 SLGS/WEEK 2 SLQ/WEEK ote rww —nroi rsa ivtmi ivovim
      1,025 words
    • 562 36 1 ING HI SHIWNO CO PTI LIP I yCXA Tali 533M71 (4 Umi) Fui lIMItI/UMtM 1 t a»wi»niiii>in VISSIL VOY SIM (TA SIM (TD MSTINATION OidJoyß 15/98 17/09 19/09 feam/PJat/lMw Snot Ctntiol 14/98 IN WIT 18/09 P*owonj/Buoicn/Ptotii MortoPo»o8 8M5027 19/09 20/09 Booror Mono Polo 26 16/98 20/09 21/09 Kuala lungW/Jombi
      562 words
    • 357 36 11MB SIM FAR EAST 20/09 KEELUNG/KAOHSIUNG 20/09 BANGKOK 20/09 MANILA/CEBU 20/09 JAKARTA/BELAWAN/SU RABAYA 20/09 PORT KE LANG/PENAN G/E. MALAYSIA 22/09 BUSAN 20/09 TOKYO/YOKO/KOBE/NGO/OSA 20/09 HONG KONG SIM CHINA 20/09 GUANGZHOU/HUANGPU/SHEN2HEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/UK 20/09 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL slso accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 20/09 LOS ANGELES/NEW
      357 words
    • 448 36 I rrfA Stagopora S«vl«t SUpptag CPL k\\« afe lOOSOUOOOON k\v WJJJ (VMr-IMWMvr) aihivymoK VOY BIN BOM PNQ StL KOTA RUKUN RKNOI3 10/00 20/00 00/10 KOTA RATU RTUO2I 20/00 03/10 15/10 ■OXMOON 110N 00/10 12/10 23/10 >4/10 Ivttm w w ctwmrm JAVA MOON 810 120-21/ooj 28/09 06/10 M REQINA RQAO67 28-20/09
      448 words

  • Page 37 Advertisements
    • 854 37 MCC TRANSPORT APM SAIGON SHIPPING STRXTTB SHUTTLE SERVICE vcsa vor rasw« hqk von vesa vor rasFott pcb bmotmi I vcsa Iwt rasFosi I ror tawc MBMOH «14 IS/MOW) U/W 12/0» PUMA M/ 09 (SUN) Jl/04 71/« I XWSSMtt MOSS 14/04(MOM 177»» OPTVM W39 11/04 (RB) 21/09 2S/M PAOMA W4O 27/09
      854 words
    • 1727 37 fey man Ha wit SML ffio 1 WHa/¥gl»ff I ffl 1 ffM I HAM I tf< STOW *0* «*OT» Plfl |W9 WICASTOt SS MM 10 0 a ft no HOKHSTOWSi 411 AM I4M MM 27M 30.04 16M N/A N/A N/A N/A IStwir oiES oi!io ino Mo 2o!io xt 4iu3s mm
      1,727 words

  • Page 38 Advertisements
    • 862 38 I VESSEL VOY SIN MAA SIN TIGER ISLAND 647N 18-19/09 23-2&09 o^o4/10 TIGER WAVE 648N 21 22/09 27-02/10 07-08/10 TIGER BRIDGE 649N 25-26f1» 11-12/10 TIGER BAY 650 M 29-30/09 04-11/10 15-16/10 TIGER ISLAND 651N 03-04/10 09-15/10 19-20/10 TIGER WAVE 652N 07-08/10 14-17/10 22-23/10 I VESSEL VOY SIN CAL SIN TIGER
      862 words
    • 790 38 O FREIGHT LINKS EXPRESS Ws *****66 (60 Lines) Fax: *****33 E-mail: flesinesingnet.com.sg «mt (V*QPt SCANDINAVIA ITALY/MIPrrtRRANtAN ORIECI/EOYPT UNITED KINGDOM Rotterdam Gothenburg Genoa Piraeus Southampton Hamburg Arbus Volencia Alexandria London Le Havre Copenhagen Barcelona Malta Felixstowe Antwerp Oslo La Spezia Helsenki CANADA AVSHAMA INDIA MIDDLE EAST JAPAN Vancouver Adelaide Karachi Dubai
      790 words
    • 1048 38 OOCL (Singapore) Pte lid 79 Amm Read #21-04 (S) *****6 0******1-120 t ai«11»7«7IOOOOH Tefc 272 7127 hr gh J* 323 221 3942 Fm: 272 7125 /3?§v^fTZ "T #x KTAUNG JAYA hk 03-754 777* Fax: 03-754 **57 —^El PENANG M 04-*****45/1 fu: 04-2****** *****t0 fASWGUPANG fr. wow MUMCA Us 4/ CAMABA
      1,048 words

  • Page 39 Miscellaneous
    • 135 39 LEGEND: R Thunderstorm T •mp.ratijre «> c X\ V Shower Weather Wmd direction with speed m knots ee Rom Cloudy Sky Wave height Swtoce winds are indicated by arrows which Hy with the wind One fu« arete represents cotm or fcght and variable wmds J-_ One holf Heche represents 5
      135 words