The Business Times, 22 September 1998

Total Pages: 40
1 40 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85« SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, SEPTEMBER 22,1998
    12 words
  • 64 1 O ma (-30.15) M 37W6 (-12.24) nirooHP Ui ***** (-23.62) nsmscaPDTDißs mm 13LBO (4.8) MARKET MOOD: STOCK MASKBT DtDIGES Mtndnf Ctan KL8EC0MP 178* -14* NIKKEI lUf7J0-_-MJI HAN08EN0 7,!7t*—-«7i71 SET INDEX H1.B8 +0* JAKARTA COUP _!7U7 -1181 MANILA OQMP —1,111* 10* TAOVWPI 7*1.40 -1*11 8E0UL00MP *7.41, Iffl CUBA CHINA
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  • 67 1 FOEBX RATES UN N U8t 1.7*0 £(l£t/8tperg) UN UN DM UN UN YRN UU— UOS* KM UN &4N m 7.741 UN BAIT NN MM BS1AH 1JU»__M18' »St* mm* PBDKB BATBI SINGAPORE* 7.71 KUALA LUWR lli« JAKARTA SM9 BANGKOK..-.* .ttn MANILA i JIM HONGKONG MJ6 S-::. lu TOKYO XN SEOUL
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  • 1201 1  -  Ex-DPM may still face charges; six of his 'henchmen' also held under ISA From. Eddie Toh Ruth Wong in Kuala Lumpur MALAYSIAN authorities yesterday said that former deputy prime minister Anwar Ibrahim has been detained under the Internal Security Act following the sporadic clashes between police
    AFP  -  1,201 words
  • 646 1  -  Capital controls will hit bilateral trade and financial Bow* By, Audrey Tan [SINGAPORE] Malaysia's capital controls could shave one to two percentage points off Singapore's economic growth this year and the next, as bilateral trade and financial flows are undermined,
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  • 724 1  -  LDP climb-down leaves Long-Term Credit Bank on the brink of collapse From, Anthony Rowley in Tokyo JAPANESE Prime Minister Kelzo Obuchi's massive caveIn last Friday to parliamentary opposition parties over proposed banking reforms left financial markets here in a state of dismay
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  • 335 1 STI drops below 900 level with &3% fall, ELSE down 33% Reuters Bloomberg [NEW YORK] Wall Street capped a bruising day on world stock markets yesterday as the Dow Jones Industrial Average plummeted some 170 points in the first 15 minutes
    Reuters; Bloomberg; Source: Bloomberg  -  335 words
  • Page 1 Advertisements
    • 143 1 Drama Banks and CPF cot Banks will not be unduly hit by a 10 percentage point cut in employers' Central Provident Fund (CPF) contributions, say analysts, Pglll The Preperty Cehnnn Lee Han Shih weighs the pros and cons of suing buyers who default on progress payments, Pf fl I (WMhifltatai
      143 words
    • 123 1 Anwar's wife will lead reform movement, Pg 2 BBCa liitwilsw with Anwar's wife, Pg2 Prat—tan flee police but vow to fight on, Pg 3 Asian govts voice their concerns, Pg 3 Goldman outs S'pore weighting, Pg 16 S'por* exports up 8% In August Bat the Trade Development Board warns that
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    • 52 1 A jfV k I a *A m f jj^H^ upr J LE TEMPS CHANEL THE MATELASSEE COl LECTION STEEL AND DIAMOND WATCH OEPLOYANT BUCKLE WATER-RESISTANT TO 30 METERS SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIQUES: NQEE ANN C1TY.391 ORCHARD ROAD.SINGAPORE TEL *****20 ISETAN SCOTTS.3SO ORCHARD ROAD. SINGAPORE
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    • 4 1 Mark* reports, Pg 22-26
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  • ANWAR'S ARREST
    • 619 2  -  Police have told her net to hold rallies; she says she fears for her husband's life From Ruth Wong in Kuala Lumpur THE wife of Anwar Ibrahim, Wan Azizah Wan Ismail, has found herself in the political limelight following the arrest
      AFP  -  619 words
    • 158 2 Reuters [KUALA LUMPUR] Anti-gov-ernment demonstrations and clashes with police in the Malaysian capital in the last two days were "not that serious", leaders of Prime Minister Mahathir Mohamad's party concluded yesterday. A government official, briefing reporters on a meeting of the supreme council
      Reuters  -  158 words
    • 411 2 Disturbances dent emerging confidence, say analysts AFP [KUALA LUMPUR] Prime Minister Mahathir Mohamad's attempt to pull the Malaysian economy out of crisis has suffered a setback with the arrest of his one-time heir apparent Anwar Ibrahim, analysts said yesterday. Several offices, including a bank, were
      AFP  -  411 words
    • 341 2 Bernama AFP Bridge News [KUALA LUMPUR] Umno Youth chief Ahmad Zahid Hamidi and four leaders of the Islamic Youth Movement of Malaysia (Abim) were arrested yesterday under the Internal Security Act, police said. Mr Zahid was picked up by police in Kota Kinabalu, Sabah
      Bernama; AFP; Bridge News  -  341 words
    • 231 2 Bernama (KUALA LUMPUR] Education Minister Najib Tun Razak has denied rumours that he has quit the cabinet His press secretary, Tengku Shariffudin Ahmad, yesterday said Mr Najib has not resigned from any government or party post. He was responding to an
      Bernama  -  231 words
    • 784 2 The following is a transcript of the BBC's interview with Wan Azizah Wan Ismail, the wife of former. Malaysian Deputy Prime Minister Anwar Ibrahim, yesterday on its East Asia Today programme. This followed Mr Anwar's arrest on Sunday night The interview also featured
      784 words
    • 441 3 Anwar supporters caught in street battles with police Reuters [KUALA LUMPUR] Malaysian protesters fled batonwielding police through tear gas-filled streets yesterday but promised to return. "It's not that we are scared, but we are fighting for reform and we can't do that
      Reuters; AFP  -  441 words
    • 367 3 Aussie premier warns against growing authoritarianism AFP [CANBERRA] Regional governments yesterday urged Malaysians to avoid violence following the arrest of ousted deputy prime minister Anwar Ibrahim. Australian Premier John Howard said he was deeply concerned over Mr Anwar's arrest and warned against growing authoritarianism there.
      AFP  -  367 words
    • 315 3 AFP [KUALA LUMPUR) The British Broadcasting Corp (BBC) said here yesterday that its television pictures of civil unrest in Malaysia were being jammed on government orders. Television New Zealand (TVNZ) in Auckland also reported that its broadcasts of riot police cracking down
      AFP  -  315 words
    • 315 3 AFP [KUALA LUMPUR] The last exclusive interview with Malaysia's ousted deputy premier Anwar Ibrahim before his arrest on Sunday night was not an interview as such it was conducted from the back of two motorcycles. "We must
      AFP  -  315 words
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  • Page 3 Advertisements
    • 37 3 I W| vniriT SWAPPED DIAMONDS FOR DIAPERS, v "iAvT 3AM PARTIES FOR JAM FEEDS, l 'ET AN EVER. SM Motors 4')Al<*.ill< I r Ho ,i o Sir J ipor»? 15 9 915 To| 473 1 488 WWW.VOIvO.COm
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  • SINGAPORE AT HOME & ABROAD
    • 461 4  -  Electronics markets still depressed, Kmstn demand down, TDB warns By. Audrey Tan DOMESTIC exports grew 5 per cent in August, much better than expected, but the Trade Development Board (TDB) warns that Singapore's trade performance remains "weak". The August trade
      Source: TDB  -  461 words
    • 405 4  -  Some polled have cut wages, don't expect to give bonuses By Audrey Tan A MAJORITY of firms expect the government to cut employer's contribution to the Central Provident Fund (CPF) by 5 to 10 percentage points to help them tide over
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    • 264 4  -  EYE OM'THE ECONOMY Industry By Teh Hooi Ling Even the seemingly resilient telecoms sector may be buckling. The numb er of outgoing international telephone cal Is in August fell 6.5 per cent the first ever year-on-year decline in the history of Si ngapore Telecom. Latest fig-
      Source:  -  264 words
    • 326 4  -  By) Eugene Low THE National Internet Advisory Committee (NIAC) is calling for greater industry self-regulation of Internet transactions, in an effort to boost the growth of e-com-merce here. In its annual report released yesterday, NIAC said that an independent accreditation body comprising key
      326 words
    • 331 4 The Straits Times SINGAPORE has not been told officially that restrictions such as those imposed on its military aircraft by Malaysia also apply to navy ships on search and rescue missions, the Ministry of Defence (Mindef) said yesterday. It also said
      The Straits Times  -  331 words
    • 343 4  -  By\ David Boey PIDEMCO Land and Dutch property investor ING Real Estate set up a 50-50 joint venture company yesterday to manage a regional property fund. Called I P Real Estate Asset Management (Asia) Pte Ltd, this tie-up marks a first between
      343 words
    • NEWS Roundup
      • 60 4 COMMERCIAL Union Assurance Singapore, a member of the British CGU group, has been voted Asia's best general insurer in the second Asia Insurance Industry Awards. In a ceremony last Sunday in Macau, Commercial Union in Singapore was named "the General Insurance Company of the Year", based
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      • 79 4 INDIA'S newest warship, the INS Delhi, will sail into Singapore this weekend for a four-day goodwill visit It will be accompanied by three other vessels. These ships will berth at Pasir PanJang Terminal and will be open to visitors from 2 pm to 4.30 pm
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      • 58 4 RAFFLES International Ltd has won a contract to manage a new Merchant Court Hotel in London's Westminster area. The agreement, signed with Clementine Investments Ltd, marks the expansion of the Merchant Couft Hotel chain into Europe. The 500-room hotel will open In the year
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  • Page 4 Advertisements
    • 160 4 The wet taste of tradition. MID-AUTUMN FESTIVAL 7 SEPTEMBER TO 5 OCTOBER 1998 Have an authentic celebration with Master Chef Chan Traditionally Baked Kwok's traditional mooncakes. Savour the silky smooth Lotus Paste with Macadamia Nuts $26.00 paste of Lotus, White Lotus or Yolk Cream made even Paste with Single Yolk
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    • 8 4 CPF out won't hit banks badly, Pg 15
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  • Page 5 Advertisements
    • 304 5 On September 21st, we formed an alliance. Five airlines that share a few simple beliefs. We believe that the customer should be at the heart of everything we do. And we believe that it should be easy for A you to travel beyond the reach of our individual airline networks.
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  • FOCUS: PROPERTY
    • 690 6  -  THE PROPERTY COLUMN The extent of defaulter's liability may put them In ft Mini By Lee Han Shih IF DEVELOPERS could prevail on Marco Polo Developments, they would be on the phone telling the company not to bring Ardmore Park defaulters to court.
      690 words
    • 1064 6 Property auctions coming up TUESDAY, SEPT 22 (1pm) Grand Plaza Parkroyal Hotel, Ballroom 2 Development: Lot 422 Mukm 15 at Venus Rd land, 7.536 sq ftfl=H** Residential: 9 Astrid Hill, 2-sty bungalow, 21.116 sq ft/FH* 3 Frankei Ave: single-sty detached, 7.159 sq ft/FH*** 556 Sixth Ave: 2-sty
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    • 292 6  -  By] Diana Oon [SINGAPORE] Homebuyers in Sydney are providing a steady demand for high-end apartments in the city, despite a softening in the overall housing market there. Kristen Mitchell, Jones Lang Wootton's project sales manager in Sydney told BT that the recent sale of an
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  • Page 6 Advertisements
    • 377 6 §1 I WM 9 wi ■jt»f 1' 1® H Kjy a H lf\ ■KI v j\^ i, M ■W k K fllE ~"^J ■"•>,» i—'i--- ~w- J IHW—mini an No. 32 Kaki Bukit Crescent, Techpark 5 Storey Built-up area 2013 sqm Land area 974 sqm Floor loading 12.5kN/sqmor7.skN/ sqm Ceiling
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    • 123 6 For Sale By Tender Residential Site off River Valley Road Next to Aspen Heights and UE Square Site Area: 33,112 sq ft Tenure: 999 yrs wef 1/7/1841 DGP: residential plot ratio 3.8 Tender closing 8 Oct 1998,3.00 pm MMsmmsm Large Bungalow Site Off Holland Road H* Located at Peel/Ridout Road
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  • ASIA'S ECONOMIC SLUMP
    • 518 7  -  Moody's, SAP assign upper medium grade investment rating because of World Bank guarantee From, Harish Mehta in Bangkok TWO US ratings agencies have assigned investment grade ratings to the proposed US$3OO million (*****.7 million) bond issue by the giant state-owned Electricity Generating
      518 words
    • 304 7  -  From Qoak Hiang Whai in Hongkong THE Hongkong government spent.USs4.4 billion (557.6 billion) on the Hongkong stock market during the last two trading days in August when it intervened in the equity and futures market, the government said last night. Releasing these figures
      304 words
    • 556 7  -  Bat employees anion agrees to referendum on management offer From. Al Labita in Manila PHILIPPINE Airlines (PAL) pilots yesterday pressed for the ouster of taipan Lucio Tan as chairman and urged the government to take over the troubled airline. "A review of recent events will
      REUTERS  -  556 words
    • 444 7 S&lim Group to cede stakes in some firms to a govt holding company: report Reuters [JAKARTA] Indonesia's private banks have urged the government to extend yesterday's deadline to repay loans from the central bank, and official sources said any government
      Reuters  -  444 words
    • 164 7 Reuters AFX-Asia [JAKARTA] Indonesia said yesterday that former finance minister Mar'ie Muhammad would join President BJ Habibie's team of economic advisers. Mr Mar'ie will join Widjojo Nitisastro, Ali Wardhana and Frans Seda in the team, State Secretary Akbar Tanjung told reporters. Mr Mar'ie
      Reuters; AFX-Asia  -  164 words
  • Page 7 Advertisements
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  • REGION
    • 478 8 BEIJING It will pomp funds into roads, railways, telecoms to meet 8% growth target Reuters CHINA is ramping up spending in the closing months of this year to bolster its faltering economy amid Asia's economic turmoil, state media said yesterday. "In the
      Reuters  -  478 words
    • 217 8 HONGKONG AFP HONGKONG'S monthly inflation rate dropped to its lowest level in 17 years in August as the territory's first recession in 13 years put the brakes on prices, figures released yesterday showed. Consumer prices rose just 2.7 per cent year-on-year in August,
      AFP  -  217 words
    • 61 8 [BEIJING] A woman parking her bicycle yesterday next to a sign on a downtown street that warns Beijingers against the hazards qf driving while drinking. With more Chinese trading in their handlebars for steering wheels, Chinese authorities are becoming increasingly alarmed at
      AFP  -  61 words
    • 435 8  -  Move is a response to falling foreign direct investment in dty By] Lu Ning [SINGAPORE] Faced with a slowdown in foreign direct investment, China's largest city, Shanghai, has launched an aggressive drive to market its state-owned assets overseas, said a senior official of
      435 words
    • 427 8  -  LBTTHRFROM KUALA LUMPUR All ran like clockwork, critics proved wrong By Meera Tharmaratnam OVER the past 11 days, Malaysia's achievements at the Commonwealth Games here reverberated across the country in a welcome change to the nagging backdrop of political and economic uncertainty. The
      427 words
    • 404 9 BANGKOK PM nnder pressure to include Chart Pattana Party after corruption scandal AFP THAI Prime Minister Chuan Leekpai has resisted pressure to expand his government's tenuous parliamentary majority with a new coalition partner following a corruption scandal which has ousted two top officials,
      AFP  -  404 words
    • 307 9 BANDAR SERIBEGAWAN Investment agency formerly controlled by Saltan's estranged brother AFP THE government of Brunei said yesterday that funds had been misappropriated from a state investment agency once controlled by an estranged brother of Sultan Hassanal Bolkiah. A statement from the office of the
      AFP  -  307 words
    • 298 9 JAKARTA AFP INDONESIA announced yesterday that it was limiting the amount of land that companies can own in a move that will cut down the huge forestry concessions held by associates of former president Suharto. "The control of very vast tracts of lands by
      AFP  -  298 words
    • 257 9 JAKARTA Reuters INDONESIA said yesterday that half of the country has been hit by food shortages. Food Minister A M Saefuddin told Parliament that 150 out of 306 regencies were facing a food shortfall, and 53 of the 150 were facing a
      Reuters; REUTERS  -  257 words
    • 279 9 HANOI Reuters VIETNAM has clarified a controversial new lending law that could have severely curtailed the activities of international banks in the country, foreign bankers said yesterday. They said the central bank, the State Bank of Vietnam, would not cap individual loans
      Reuters  -  279 words
    • 534 10 SEOUL Step aimed at speeding up reforms and raising capital adequacy ratios AFP Bloomberg SOUTH Korea's government plans to write off almost 24 trillion won (5529.8 billion) in commercial banks' bad loans this month in a bid to
      AFP; Bloomberg; REUTERS  -  534 words
    • 251 10 NEW DELHI AFP INDIA will offer small investors inexpensive shares from state-owned blue-chip firms to pep up a depressed market. Finance Minister Yashwant Sinha said yesterday. "The final order on the disinvestment would contain stipulations of disinvesting at home to
      AFP  -  251 words
    • 301 10 BEIJING Plan will bolster output and profits of firms, officios say Bloomberg CHINA is preparing to introduce price controls for many commodities to bolster the output and profits of domestic companies, company and state officials said. The plans, still being worked on by
      Bloomberg  -  301 words
    • 198 10 SYDNEY Reuters [SYDNEY] Australian Prime Minister John Howard cautioned yesterday that Australia could become as economically wobbly as Japan if the country's tax system was not revamped. He also defended his position on far-right MP Pauline Hanson and her anti-immi-gration and
      Reuters  -  198 words
  • Page 8 Advertisements
    • 387 8 IW 9 1 fpl 1 V A A w I I w Announcing the double offer by Northwest Airlines, where prices are brought down to earth, while our setvice is still soaring high. From now to 30 November 1998, you can fly to Tokyo for only $628 on economy J
      387 words
    • 14 8 —eltdi riit't awi ia Cats' MewsT^x Mill I* it tasty Claiiiflri till loki^. cats.
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  • Page 9 Advertisements
    • 169 9 Your competitor's largest customer needs product fast. When can you deliver? Do you know p You can spend millions of dollars on application software and still not have the information JL mm I f*** you need to run your business. That's because most application software automates just the back office—or
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  • Page 10 Advertisements
    • 130 10 SEND YOUR PACKAGE OUT AFTER GET IT TO INDONESIA BY k 1 11 -4*} ■■■MB r '4 AND HAVE THIS ON UPS '»r V With the latest pick-up time in Singapore, £ZPS gives you the earliest delivery to Indonesia. Because our 10pm cut-off time guarantees* next day delivery of your
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  • THE WORLD
    • 446 11 NEW YORK Banks could be hit if the biggest economy in Latin America falters, say analysts Reuters US commercial banks have more money at risk in Brazil than in any other emerging market to the tune of about US$39 billion
      Reuters  -  446 words
    • 304 11 WASHINGTON AMERICANS saw yesterday a sombre and sometimes combative President Bill Clinton describe his relationship with Monica Lewinsky and give his definition of sexual relations as his raw videotaped testimony was broadcast on television. In addition to the four hours of videotape
      304 words
    • 499 11 MOSCOW Talks to be held with foreign, domestic investors this week AFP RUSSIA will offer a new deal on billions of dollars of frozen treasury bills in a bid to calm investor anger over a controversial move to freeze the bond market,
      AFP  -  499 words
    • 250 11 LONDON Bloomberg THE British pound feU yesterday on expectations that the Bank of England will cut interest rates before the end of the year, after a recent batch of economic reports confirmed inflation is in check and UK economic growth
      Bloomberg  -  250 words
  • Page 11 Advertisements
    • 41 11 s v Unlimited Chicago's hottest jan drummer displays his unlimited talents and his unlimited hand from September 21. L 998 to January 23. 1999 at Somerset's Bar (every night except Sunday), Level 3. The Westin Plaza. Tel: 431 6156 C X
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    • 8 11 Editorial: Clinton should quit with grace, Pg 12
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    • 883 11 PERMASTEELISA pacific holdings ltd (Incorporated in Republic of Singapore) The Board of Directors of PERMASTEELISA PACIFIC HOLDINGS LTD wishes to make the following announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1998 COMPANY GROUP 1998 1997 fnc/(D#c) 1998 1997 lnc/{Dec) Sl'ooo Sl'ooo Sl'ooo Ss'ooo I.a) Turnover 31,541 23.258
      883 words

  • EDITORIAL & OPINION
    • 721 12  -  188 BOTTOMLDfB OPINION By Sree Kumar The writer is a development economist and partner in a consultingfirm IT IS now termed the death of the Asian miracle. Hie financial crisis which began more than a year ago has now become a widespread contagion. There seems
      721 words
    • 143 12 'Currency controls are a waste of human resources. You need an army to monitor it; it needs an even larger army—the private sector—to evade it' larry $&astad professor of economics at the University of Chicago. 'You're going to see other banks 'fess up.' Marshall Front managing director
      143 words
    • 642 12 EDITORIAL THE release yesterday of a videotape of US President Bill Clinton's four hours of tearful testimony before a grand juiy on August 17, along with 2,800 pages of testimony and documents, brought the scandal he is mired in to extraordinary new depths. Ever since
      642 words
    • 1264 12  -  Watered down plan to save Japan's banking system alarms the markets By. Anthony Rowley The writer is BT's Tokyo correspondent JAPANESE Prime Minister Keizo Obuchi lived up to his reputation as a "consensus builder" with his agreement last Friday to accept
      FILE PHOTO  -  1,264 words
    • 927 12 Twist In nx scandal THE Monica Lewinsky scandal has weakened Bill Clinton's grasp on his office, but it may have given him a peculiar new weapon in the budget wars. Only a few weeks from adjournment, Congress is engaged in the annual autumn ritual of confronting
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  • Page 13 Advertisements
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    • 133 13 Buy It. Sell It. Find It. Classified. f|# CAT.&I Call Today For Results Tomorrow. 1800-737-1166 Experience the wonders of BORDEAUX at Top of the 'M' Revolving Restaurant 17-27 September 1998 f Please call 831-6258/88 for your reservations VXOtkS UtrnPm. Ad. ■••olvlM mam Restaurant L'Otaeau Bleu Kasta.raat Bordeaux (France) 19th floor
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  • Page 13 Miscellaneous
    • 819 13 TV&RADIO S Movies (Con't). Fox. 2QO PMTV News 5 Today Followed 3JJO Pet House. 400 Kmj .o By The Mask. 4.48 The Great Wall of ChiJfroit Sesame 530 Spider-Man. na. 5.00 The Silver Rrnmhv 8,00 News 5 Today Followed SJO Amusing All Around u y By Wheel of Fortune. (Lastep).
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    • 183 13 CRVPTIC CROSSWORD 11 Drug found at college put 12 Southern timber used in win- 12 dow construction 31 Writer goes to town for a sna ck s B suicide (53) YESTERDAY'S SOLUTION DOWN 15 Go up in public transport in- ■RBRHPHEMTHIMBH 2 Various pages lead us to a fa- tended
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  • EXECUTIVE LIFESTYLE
    • 936 14  -  The woman who may bring down a president is waiting to play ball in the fame game, says gzsrazj>zne baum GERALDINE BAUM LATWP Monica Lewinsky, insecure girl from Beverly Hills turned most notorious woman in the world, is trolling for a new life, and
      LATWP; FILE PHOTO  -  936 words
    • 761 14  -  'Moral exhaustion' makes many reluctant to judge Clinton harshly By Bo Emerson NYT [ATLANTA] It's not just the president. The whole country has slipped morally. Or so we believe. Looking at the past through a rosy rear-view mirror, we see a time when our leaders
      NYT  -  761 words
  • Page 14 Advertisements
    • 81 14 The world can change overnight. That's why, first thing in the morning, we'll be preparing you H for the day ahead with an in-depth coverage of all the latest world events making an impact nW^H H here in Asia. Our morning programme, from 6am to 9am, includes Breakfast Briefing, Asian
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  • COMPANIES & MARKETS
    • 477 15  -  Mortgage defaults will become bigger problem if jobless rate rises, they say By\ Siow Li Sen [SINGAPORE] Banks will not be unduly hit by a 10 percentage point cut in employers' Central Provident Fund (CPF) contributions, contrary to fears that the rate of
      477 words
    • 425 15  -  By Diana Oon [SINGAPORE] Leong Hin Holdings yesterday launched an initial public offer of 32.1 million new shares, 89 per cent of which has already been taken up by institutional investors, employees and business associates. The shares, priced at 23 cents
      CHRIS LOH  -  425 words
    • 756 15  -  HOCK LOCK SIEW Clarissa Tan THE latest round of prime rate (futs dished out by Singapore's banks last week promptly drew investors back to banking stocks, but many other factors continue to work against this renewed interest. Last Wednesday, the
      756 words
    • 497 15  -  Nipsea, maker of Nippon paint, also considers taking in partner By, Jenny Lam [SINGAPORE] Home-grown Wuthelam Holdings, which made Nippon Paint a household name in Asia, may list its paint business either in Hongkong or Singapore to raise funds for
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    • 383 15  - Elec Eltek's earnings increase 10.7% to $66m Turnover up 27% to record high; it incurs $18J>m forex loss By. Annette Pau [SINGAPORE] Printed circuit board maker Elec Eltek International Co yesterday turned in a 10.7 per cent gain in net profit to $65.7 million for the year ended June. The
      383 words
    • REGIONAL COMPANIES
      • 357 16  -  Uncertainty of M'si&n policies will hurt S'pore's service sectors: report Ry< Clarissa Tan [SINGAPORE] Concern over a fallout from Malaysia's policy changes has caused Goldman Sachs to lower its country weighting for Singapore to "neutral", only days after the US investment bank had
        357 words
      • 203 16  -  By. Annette Pau (SINGAPORE] Mainboardlisted Venture Manufacturing's shares yesterday closed down 20 cents, or 4 per cent, at $5.05 as investors took profits after its announcement last Friday of a strong first-half financial performance. It had hit an intra-day high of $5.40 shortly after
        Source: Bloomberg  -  203 words
      • 292 16 [SINGAPORE] Mainboardlisted GP Batteries yesterday said it expects sales in its current financial year to March 1999 to be in line with last year's performance. It also plans to invest some US$3O million (5551.8 million) to expand an existing plant in Taiwan in
        292 words
      • 630 16  -  Company looking for partner to develop business Teh Hooi Ling [SINGAPORE] Telecommunications business in China will be ma inboard-listed Lion Teck Chiang's (LTC) major earnings contributor in three or four years' time as the prospects of its other two divisions property development
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      • 166 16 [SINGAPORE] Permasteelisa Pacific Holdings yesterday posted a 4.8 per cent slide in net earnings to $8.7 million for the first half of this year due to lower profit margins caused by the current economic crunch. Profit fell from $9.1 million a year ago
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      • 363 16  -  By. Jennifer Lien [SINGAPORE] Mainboard--1 is ted JIT Holdings has selected a Mexican manufacturing site and will soon pick a European one, chairman Tommie Goh said. JIT, whose financial year ends in March, sees sales exceeding the normal 30 per cent industry norm
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      • 200 16  -  By, Jennifer Lien [SINGAPORE] Homegrown GES Group has won a contract to assemble Hitachi notebook and liquid-crystal display PCs and distribute them in the region. This marks the first time a Japanese PC maker is using a Singapore manufacturer to do "channel assembly". Hitachi
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      • 231 16 Bloomberg [HONGKONG] China Telecom (HK) Ltd said yesterday it might appoint a securities firm to organise an early sale of the company's "locked-up" shares owned by 12 corporate investors. China Telecom said if the corporate investors who own about 9.9 per cent of the
        Bloomberg  -  231 words
      • COMPANY Briefs
        • 21 16 [SINGAPORE] Ftactsch Holdings will move to the mainboard from Seadaq with effect from today, the group said.
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        • 108 16 [SINGAPORE] Hong Fbk Corp has sunk despir into the red. with a loas 0f515.8 million tor the first half 0f1906— mtntflnfrimfl 1 mtllkw fty> included a provision of $24 million against thsbß in value of long-term investments and a $4.7 million loss from the
          108 words
        • 91 16 (SINGAPORE] MMI Holdings has more than doubled its net profit to $15.8 million for the year ended June 1088 from $7.® million a year ago. Revenue rose to $164.7 million from $113.0 million. Earnings par share incrsassd to 7.12 cents from 3.53 cents. The company said
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        • 132 16 [SINGAPORE] Hwa Hone's net profit fell 87 par cant to $3.6 million in the flrst half of 1998, as revenue tumbled S3 par cent to $1 15.0 million. Earnings par share Ml to 2J cents from 5.18 cents. Hwa Hongsakt revenue from Its construction
          132 words
        • 78 16 [SINGAPORE! Alliance Technology and Development yesterday said its net toes had wUroad?paromitoBS4 million far the half year to June 80. Turnover dropped 27 per cent to $18.7 million. Loee per share waa unchanged at 7 cents, white net tangible assets per share were 88
          78 words
      • 361 18 S&ndi firm Aramco seen as most likely buyer but analysts doubt it's keen Reuters [SEOUL] South Korea's cashstrapped Ssangyong Group yesterday said it would sell Ssangyong Oil Refining Co to help stay afloat. "We plan to sell the group's 28 per
        Reuters  -  361 words
      • 372 18 Bloomberg [SYDNEY] Australian Stock Exchange Ltd said it will distribute 100.6 million shares to its stock broker members and become the first stock exchange in the world to be publicly traded from Oct 14. The 606 companies and individuals that own
        Bloomberg  -  372 words
      • 272 18 Samsung, Daewoo, Hyundai also eyeing Kia's sister firm AFP (SEOUL] Three top South Korean car makers yesterday submitted fresh bids to acquire bankrupt Kia Motors Corp in the second round of an auction of the failed firm, officials said.
        AFP  -  272 words
      • 64 18 [TOKYO] Honda Motor Co president Hiroyuki Yoshino unveiling the carmaker's all-new compact vehicle HR• Vat a press preview in Tokyo yesterday. According to Honda Motor, the HR-Vfeatures innovative styling, superior utility, and an exhilarating ride while complying with the most stringent safety standards in the world. The
        REUTERS  -  64 words
      • 315 18 Reuters [MELBOURNE] The biggest single investor in The Broken Hill Pty Co Ltd said yesterday that it would vote for the four company directors up for reelection at BHP's annual general meeting in Perth today. Beswick Pty Ltd, which owns 16 per
        Reuters  -  315 words
      • 277 18 Sale is part of plan to quit Australia, says Prudential Bache Bloomberg [SYDNEY] Banque Nationale De Paris's Australian stockbroking unit agreed yesterday to buy most of Pruden-tial-Bache Securities Australia Ltd's stockbroking business. No purchase price was disclosed. BNP said the agreement is part of its
        Bloomberg  -  277 words
    • INTERNATIONAL COMPANIES
      • 326 19 The product costs U5529.95 and sets up a web page when installed on PC Bloomberg [ARMONK, New York] International Business Machines Corp was to unveil yesterday low-cost software for small companies to set up Web sales sites in a bid to
        Bloomberg  -  326 words
      • 262 19 Reuters [LONDON] Israeli software start-up XaCCT Technologies unveiled a billing system yesterday which it said provides the missing link for making money on the Internet. Analysts were divided on the merits of the product, designed to allow Internet service providers to send customers itemised
        Reuters  -  262 words
      • 395 19 USs2.7b deal would give aerospace giant running start in satellite business Reuters [WASHINGTON] Lockheed Martin Corp has agreed to buy Comsat Corp in a twopart, US$2.7 billion (554.7 billion) deal requiring a new law before it can be completed, the companies announced on
        Reuters  -  395 words
      • 292 19 It says the enrrent price undervalues the telecom* firm Reuters [PARIS] The board of French telecom equipment group Alcatel yesterday approved plans to buy back up to 10 per cent of its share capital after a 40 per cent
        Reuters  -  292 words
    • FINANCE & COMMODITIES
      • 431 20 Analysts cite lack of synergies, high costs and massive layoffs AFX-Asia [TAIPEI] The mooted merger of Chang Hwa Commercial Bank Ltd, First Commercial Bank and Hua Nan Commercial Bank Ltd is unlikely to become reality given the lack of obvious synergies,
        AFX-Asia  -  431 words
      • 163 20 Bloomberg [BOMBAY] HDFC Bank Ltd, a three-year-old Indian commercial bank, said speculation that Nat West Markets Ltd was close to selling its 20 per cent stake in the bank to Chase Manhattan Bank USA National Association was premature. Nat West Markets of
        Bloomberg  -  163 words
      • 317 20 Reuters [BANGKOK] Thai coffee exports are seen plummeting next year to barely half of this year's level as officials and trade sources slash estimates for the drought-hit crop due to be harvested from October to December. Trade sources' estimates of output and consumption leave
        Reuters  -  317 words
      • 262 20 r»imn» Report Reuters [SINGAPORE] Simex Eurodollar futures firmed yesterday amid mounting worries about the US White House sex and perjury scandal. Dealers said jitters that Wall Street would be negatively affected were giving some support to the Eurodollar market. The December S&P 500 contract was
        Reuters  -  262 words
      • 185 20  -  MSCI TAIWAN FUTURES Charlie Kuo service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract tumbled yesterday as investors doubted if a merger among the three biggest stateowned banks will happen at any time soon. Weak performance by the Nikkei 225 and
        185 words
      • 199 20 ENERGY REPORT Bloomberg [NEW YORK] Crude oil and gasoline were little changed in early trading yesterday as traders awaited news of any possible damage from Hurricane Georges to refineries in the Caribbean, the biggest source of US refined product imports. The hurricane forced Amerada Hess Corp
        Bloomberg  -  199 words
      • 275 20 AFP New York THE US dollar fell against the German mark in early trading here yesterday, but rose against the yen as traders grew sceptical about an accord to clean up Japan's ailing banking sector. At about 10:40 am (1440 GMT), the dollar was trading at 133.50 yen,
        AFP  -  275 words
      • Article, Illustration
        1171 20 PtTERBAMK CROSS KATES *L-^__5LJSL-Jf?!5^5il!j5l£5ti*^!*_J52__»LJB!5L£Lj2!L^L^_^^2LJS122aL-S *5*55 0 896 6.179 0504 3-317 0.989 4548 24.952 64.717 0.780 8.174 2231 1172 ********** LOS 3.604 04M ********** 0249 0517 Canada 118 5.438 0.562 3.702 1104 1076 27.852 ***** 0.871 9.124 2.490 1308 ***** 29.029 1133 4.023 1908 ***** ***** 0J90 OAK CMM 0.205 0.184
        1,171 words
    • 1727 21 S1C0M FUTURES Sep 21 RUMCR (futurti ctewM) «t 5.30pm) RSS t CONTRACTS cMts/kq) ClOM VofcHM Open Month Htqh Law Sett (towm) Interest Oct 98 118.75 1075 Nov 98 120.50 1450 Dec 98 121.25 1470 Jen/Mar 99 123.75 1950 Apr/Jun 99 128.00 1950 Jul/Sep 99 132.50 150 RSS 3
      1,727 words
    • 2273 21 LONDON Industrials S«f21 Pmci 31 Group 488.000 16.000 AB Ports 248.000 1.800 Abbey National 1100.000 -42.880 Allied Domecq 394.000 -30.000 Arwc 149.000 1.000 Asda Group 165.600 -3.800 BAT tod 444.600 9.000 BGPtC 376.600 *1.600 BICC 71.000 -6.000 BOC Group 756.000 -14.000 BR Petroleum 812.000 2.000 BTR 107.600
      2,273 words
    • 1614 21 Bloomberg Nikkei 225 jM JAPANESE share prices slumped 2.8 per cent yesterday to a near 13-year closing low as a political deal to fix the banking sector appeared to be coming apart, brokers said. The Nikkei stock average of the Tokyo Stock Exchange fell 385.82 points to 13,597.30, the
      Bloomberg  -  1,614 words
    • Article, Illustration
      1438 22 Bloomberg PHangSeng -275.73 HONGKONG'S benchmark index yesterday fell to a three-week low, led by Henderson Land Development Co Ltd and other property companies, on concern the slowing economy will hammer corporate earnings. The 33-stock Hang Seng Index fell 275.73, or 3.7 per cent, to 7,170.23. At HK$3.2 billion, trading
      Bloomberg  -  1,438 words
    • Article, Illustration
      606 22 Reuters PShaahenß Index 48 SHENZHEN'S hard currency B shares closed slightly lower in thin, directionless trade yesterday, as weak regional markets and a dearth of fresh domestic news sent investors to the sidelines, analysts said. The B Index shed 0.22 point, or 0.35 per cent, to 62.84, on turnover
      Reuters; Source: Credit Lyonnsis Securities (Asia) Ltd  -  606 words
    • 357 22 AFP QWP Index -1201} TAIWAN share prices closed 1.7 per cent lower yesterday amid profit-taking following sharp falls on the Tokyo and Hongkong stock markets, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 120.19 points to 7,029.40. "Profit-taking set in to wipe out early gains after reports
      AFP  -  357 words
    • 253 22 AFP n Wellington -15.48 NEW Zealand stocks ended 0.9 per cent lower yesterday in light trading led by Telecom Corp and Fletcher Challenge Ltd. The NZSE-40 Index fell 15.48 points to 1,719.19 on turnover of NZ$42 million with Telecom off 11 cents to NZ57.27 and FCL Energy down eight
      AFP  -  253 words
    • Article, Illustration
      791 22 AFP FlSETlndei +<M) 3 PROFIT-taking in blue-chips and regional uncertainties knocked Thai shares off their intra-day highs yesterday for a gain of just 0.01 per cent at the close, analysts said. Analysts said most of the activity in the market was from retail players, with foreign institutions mostly inactive
      AFP  -  791 words
    • 416 22 AFP n Composite Into -178 SOUTH Korean share prices ended yesterday 1.3 per cent lower amid sharp regional losses and concerns over the Samsung Group's bid for Kia Motors. The market was weak for a fourth consecutive session with sentiment further undercut by steep declines in Japan and other
      AFP  -  416 words
    • 585 22 AFP QAM Ordinaries jIUI AUSTRALIAN share prices fell 0.7 per cent yesterday after succumbing to negative sentiment. The Australian Stock Exchange's main indicator, the All Ordinaries Index, fell 18.0 points to 2,521.9. The All Industrials Index slid 33.2 points to 4,428.2, while the All Resources Index eased 5.6 points
      AFP  -  585 words
    • Article, Illustration
      709 22 AFP n Composite Index -14M INDONESIAN shares fell 5.5 per cent yesterday led by cigarette producer Gudang Garam amid weak market sentiment and pessimism over the country's short-term outlook, dealers said. "The only thing I can guess is that maybe people are still concerned it is still possible for
      AFP  -  709 words
    • 300 22 AFP Q Manila -10.35 PHILIPPINE share prices closed 0.9 per cent lower yesterday as foreign investors headed for the exits despite sustained buying in PhilipPine Long Distance Telephone Co. The Philippine Stock Exchange Index shed 10.35 points to 1,164.26. Volume turnover fell to 216 million shares worth 1.424 billion
      AFP  -  300 words
    • KUALA LUMPUR STOCK MARKET
      • 323 23 AFP kl Composite Index -14J6 MALAYSIAN stock prices ended lower yesterday following clashes between police and supporters of detained former deputy premier Anwar Ibrahim. The key Kuala Lumpur Stock Exchange Composite Index closed 14.98 points lower at 378.32. The Second Board Index was down
        AFP  -  323 words
      • 8028 23 1998 Last Day Nat Cap Mg» L— Cliupkpy «H -000 HH> La» P/K t— 310 170 Ajtrxvnoto 209 -I 3 209 202 OS 84.7 148 35 Angkasa 60 -2 S3 615 60 1.4 884 290 123 Apo#o Food Mg 174 -6 6 TT6 T74 6.1 69.6 3M 106 BariayaLand M
        8,028 words
    • WARRANTS & OPTIONS
      • 2381 24 11 inn in11 iii iii wmiii urn hk WM L*<t Vot Day Last Ouol« A«f wo Law «t»o Cimpaay Ml ♦or- rooo) HUH Law 8wyar t**" Wo 203 3 3160 "Acor ******1 US$ 4.5 4 5 95 5 3164 Acma ******4 7.5 -0.5 45 7.5 7 7 73 8 3161
        2,381 words
      • 191 24  -  WARRANT WATCH By Ven Sreenivasan THE Electronic Resource warrant made a rare appearance on the actives list as some two million units changed hands yesterday. The counter ended the day a cent down at 22.5 cents, whUe its underlying share slid half a cent
        191 words
      • 197 24 MM1MMV IIVMS Or Or 1998 LMt Val Day Lwt Ouot* DK Dlt YM M M L— Hm> U» %*M ClWMm COOOt L— fctyr Cw E/t >««■ 400 250 5123 COL (2000) HK 400 335 S.0 2.4 2.0 205 7744.7 5124 Ctfhay P»c 20c HK— 720 26SO 2.1 1A
        197 words
    • 5450 25 Transact mil date Sep 21 Or Of M Wt Loot Vol on Loot Ouoto Dlv Mv Yld Not Cm Avg «w» dim «n rooo> n» u» ■»>» mn> h cw w $3 ww ■HBHHHBHHHMHHHHHHHHHHHHHHHHHHMHRHHHHHHHHHHHHI 142 49.5 mt 1000 AcmaSOc M -2 13 S4 54
      5,450 words
    • 983 25 HM> L— Itw Cinom u* room l— cv m uS pXS 243 30 2049 •ASAutalOc MM -3 795 69 US *5 M 15.0* 7.0 23 4.1 743 H J" so SU U U M M 4M S7 260 03 9 2001 Asiamatrli 90c 121 123 u t IV] 48
      983 words
    • STOCK EXCHANGE OF SINGAPORE
      • 216 26 Stacks VMmm OUB Foreign 7,084,000 STEngglOc 6,317,000 Keppel land50c 4,938,000 SinqT«i 15c 3.955,000 D8SL*nd 3,829,000 KeppeKorp 3,739,000 Lun Chang 50c 3,596,000 OCBC Foreign 3,101,000 •Gentinghit i 3,025,000 Lee Kim Tah Ln 3,009,000 Stodu 008 Foreign 17,500,929 OCBC Foreign 12,229,480 SingTel 15c 10,806,226 STEngglOc 9,922,885 SM Foreign 7,*****4 Keppel Corp 6,569,218
        216 words
      • 717 26  -  STOCK MARKET COXXBMTAXY STI falls 3.3% as investors brush aside better than expected August trade figures; likely CPF cut still weighing on sentiment By Ven Sreenivasan [SINGAPORE! Stocks fell yesterday as investors brushed aside the better-than-expected August trade figures to focus on the deteriorating
        717 words
      • ON THE GRAPEVINE
        • 118 26 A SINGAPORE horse owner has been telling how his trainers, and others looking after his horses that are stabled in Malaysia, dldnt get paid on time due to Malaysia' capital controls. It seems his bank in Malaysia refused to accept his ringgit cheques because his
          118 words
        • 97 26 IF, by the time you read this, the sentiment In US stocks and the greenback has gone badly sour, then at least part of the reason coold have been the four-hour airing of President Clinton's video-tape testimony last evening on US television. News agency reports suggest
          97 words
        • 91 26 GOING by the response to the Ritz-Carlton Hotel's International food and wine promotion last week, there must be many Singaporeans who will not let lean economic times get in the way of their pursuit of good food and good wine. The hotel at Marina Square was
          91 words
        • 143 26 HERE'S a thought for our local marketeers. Depending on your target audience, the Internet could really shine as a way to conduct surveys. This is peers at the American Marketing" 8 Association's 19th Annual Marketing Research Conference in Chicago last week. Organisations like UPS
          143 words
      • Article, Illustration
        67 26  -  -by Shiv Taneja LUM Chang Holdings closed half a cent lower yesterday at 25.5 cents on a volume of 3.59 million shares, compared with its 10-day traded average of 1.7 million shares. In the near term, there is more downside for this counter, according to the daily RSI
        67 words
  • Page 15 Advertisements
    • 18 15 IPO Watch Leong Hin Holdings Ltd 23ccnts Hutin 7.5x A /'i'' sfuiii' 20.1 cents Industry Piling equipment leasing
      18 words
    • 76 15 After years of building machines that take off, we know how to make one stay on the ground. —J Ano.o of -j'' r'cu'i: f SAAB T&4NS EIROK/IRS x. s I M I ..in s I a ru I. II i I I K K I I 1.1 i ..SSS v
      76 words

  • Page 16 Advertisements
    • 148 16 SHIPPING TIMES SPECIAL FEATURE WEDNESDAY, 14 OCTOBER '98 The total marketing solution for Asia's logistics industry The first complete exhibition in Asia for the logistics industry is coming to Singapore. Logistics Asia '98 will bring together freight forwarders, consultants, logistics service providers, IT equipment suppliers and end users. As the
      148 words

  • Page 17 Advertisements
    • 380 17 THE NEW ALTERNATIVE FROM HITACHI Hitachi is a name m* synonymous with leading-edge technology. whatever field we venture, ||j^fc Hitachi strives for H and customer satisfaction. The All-in-One, In IT, for example, many top 4| B w Ultra-Slim Marvel global companies are using This All-In-One LCD E)esktop incorporates Hitachi's mainframe
      380 words

  • Page 18 Advertisements
    • 1397 18 SWB4OIO Istituto Bancario San Paolo Di Torino SPA Head Office: Ttirin, Italy Singapore Branch: 6 Temasek Boulevard #42-04/05, Suntec Tower Four, Singapore *****6 Consolidated Balance Sheet Consolidated Statement Of Income As of December 31,1997 As of December 31,1997 (millions of lire) (millions of lire) Assets 12/31/97 12/31/97 Cash and deposits
      1,397 words

  • Page 19 Advertisements
    • 354 19 ;.-.V Convergence The Next Generation Universally recognized as the leading event for computing and communications systems and applications dedicated to the business environment COMDEX spans the solutions spectrum from the desktop to the server. As businesses gravitate toward distributed computed systems, COMDEX has expanded to incorporate the leading companies and
      354 words
    • 277 19 FINANCIAL TIMES MANAGEMENT taprovtogyui mMsgmiii perform*** has never been eesieiLi From primary school to global corporation, from team leadership to one of the world's most successful MB As, Financial Times Management has a distance learning course or flexible resource that's just right for you or your organisation. centres of axcelence
      277 words

  • Page 20 Advertisements
    • 100 20 rapidly growing I products and services, China market you Hong Kong have 11 BJk 1 unrivalled experience and contacts the Chinese mainland. head start in the ***** B 11M B ***** NtH biggest market, call the Hong Kong Trade Development Council. We have over Hong Kong mff companies our database
      100 words
    • 9 20 Memorial JeroicesJ^ o</iict&' The Straits Times Classified Classifications 52-193
      9 words





  • Page 25 Advertisements
    • 45 25 fe /The Straits Times Classified. Flowers J I a nice surprise. I I I'd like to deliver a for you,\Thankyou^/ rWNkV) BuyiM or selling through I L,. ml V Ukedit The Straits Times Classified is child's Play. A M A L Ca CAT.S. at 1800-737-1166.
      45 words

  • Page 26 Advertisements
    • 712 26 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 1 K"1 AMOY CANNING CORPORATION Ml (SINGAPORE) LTD The following ordinary share certificate has been reported lost or destroyed. Ccrtilhatf Nft. In the Name of No. of Share. S ***** Lim Tiong Siu 1,237 AlOlll Lim Tiong Siu 4,948 Notice is hereby given that
      712 words
    • 296 26 Si^apOfc '''fi' [I while abroad II j bfl The Straits Timra brings you a crisp summary of II J ■■■■■■■■■■■■■I the week's major news breaks I" j og* 25? 2 reported in The Straits Times about Singapore and Asean. I J I 8 1 Covering news from social issues, politics,
      296 words
    • 78 26 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
      78 words

  • SHIPPING TIMES
    • 309 27 Bridge News Reuters A FEW grain cargoes have been fixed, but details of several fixtures remained elusive. Generally, trading was very sluggish as the week ended. TANKBBSi The week ended on a more promising note with improvements in rates seen for very large crude carriers from the Persian
      Bridge News; Reuters  -  309 words
    • 272 27 U$J1 St m C*T Distribution 0.29 -OOI 7 Chuan Hup 0.325 -0.005 272 Coses Investment 0.40 -0.005 6 Freight Unks 0.145 <HJ15 2M 06 Holdings 0 20 -002 6 Hat Son Hup 0.30 -0.005 344 HRacNZsaan OlSO -0.005 206 mcmwwgs 5.60 JHfimWny, 0.419 OlOtS 129 Jurpng SMpyarp 5.45
      272 words
    • 461 27  -  Govt also considering providing foreign exchange cover to potential investors From Rajendra Bajpai in New Delhi THE Indian government is considering permitting 100 per cent foreign direct investment in the country's ports and roads sector, Minister for Surface Transport M Thambi Durai
      FILE PHOTO  -  461 words
    • 192 27 Bloomberg [NEW DELHI] India plans to raise the amount that shipping companies must set aside for the fall in their asset values to 40 per cent from the current 20 per cent to encourage them to buy more ships, said
      Bloomberg  -  192 words
    • 343 27  -  Second collision in less than a week in S'pore waters By Marcus Hand [SINGAPORE] In a second ship collision in less than a week in Singapore waters, a container feeder vessel, Padma, collided with a Turkishowned bulk carrier, Rifki Bey, early yesterday morning.
      343 words
    • 232 27 Bernama [KUANTAN] Expansion work on Kuantan Port will be carried out according to schedule as only one aspect of the Environmental Impact Assessment report had yet to be finalised, Kuantan Port Consortium (KPC) Sdn Bhd chief operating officer, Mohamed Awang Tera said. He
      Bernama  -  232 words
    • 1058 28  -  IMTBBMODAL TRANSPORT European governments are struggling to harmonise standards for the containers used in different transport modes By, Aviva Freudmann Journal of Commerce in London AT THE threshold of joining their economies together by means of a single currency, European governments are also struggling to harmonise
      Journal of Commerce; FILE PHOTO  -  1,058 words
    • 219 28 PAGE Delmis 4 ACL 6 OiakUo* 4 ANL 3 OOAQPMM 3 Accord 5 iCL 5 Appenship S 6 Astro 3 F S 8 Austral 8 GUl 4 m j Gemartrans 8 B.angMa, 8 Cwhpfl 7 CCNI 7 H SunHup 8 CMA 8 M ngM COSCO 5 3
      219 words
    • 19653 35 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vtud Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Dest'n Nam* flam* Numiw NuiMmc mmmmmmmmmmmKmmmmmmmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmmmmmmmmmSSSSSmmmmmSSSmm 23/09 19/10 CSAV IRIS 001S 65-*****55 To ABIDJAN (ABJ) 2003 Cot* D'lvolro I 23/09 19/10 Norjul SEA PROMINENCE 003S
      19,653 words
    • SHIPS IN PORT
      • 770 39 in$*i Voy No Berth Arrival Departure «Rowd 52/98 J 'j06 alonqsid* 2109/1500 AuNa 3398 J02 DonpaM 21.09/2030 Irw HkM 15 J05 iloogjid* 22.09/1200 Bt Unpo Bat *****6 J01 i longs kJ* 21.09/2000 8t hi Tttor 2 S*p21 J01 alonqsid* 21.09/2359 Bt W *****6 J01 KongiMK 21.09/2000 DMA 9666S
        770 words
      • 1746 39 ■tCEWHW Of EXPORT FCi COHTAINERS AND La CARGO Boofclna/tolonco ftstls Ship Voy No Ett/Btr Ptriod From To from Ati Clow *02 24/1200 M 2VB00 2VB9* 2VN00 21/B00 2VMH 21/1*00 2* 21/1700 22/0659 22.090C 21 2VT700 22/0654 22/0*00 1 2WM 22/IB* 22AMC 4 22/1200 Wwt} 22/1700 MlHin 2 12*1*
        1,746 words
      • 192 39 Bap 23 Japan: Autumnal Equinox Day. hjpM South Africa: Heritage Day. Bop 28 /fo/v Kong: Chung Yeung Festival. Taiwan: Teacher's Day. o*l China: National Day. Hong Kong: National Day. Oct a China: National Day Holiday. Hong Kong: National Day Holiday. Oat 3 Germany: Day of German Unity. South
        192 words
      • 582 39 THIS rapen ooupUad br Coctott Marin* 0U Lid. •tan pnof raapn la U| doilara laalaad of iinak prloM far mar* ocawratooatv* dMcrtpUon ofto BMTtot Pricaa ahown art band on avarapMiaad Ma Martot movamanta an indtcatad Tht Coctott Bu* tor Prlca ladaa chaapt and tto Individual chanpn
        582 words
      • 444 39 100 mu 992.0 2.0 n.9 o.w mi ojbi **0 n OtwrtY W«t«T gwljg Art AlortoNw tUNowt No olow E29 1 4 12 3 0 5T5T mim MU 0.3 15 J 0.07 2* 0.03 imM 310 Max IM M U U M, U W ■—4 No WOW
        444 words
    • AIR & LAND TRANSPORT NEWS
      • 383 40 BA, American, Canadian, Cathay, Qantas to start range of initiatives from next year AFX-Asia [LONDON] British Airways, American Airlines, Canadian Airlines, Cathay Pacific Airways and Qantas Airways yesterday announced a new, customer-driven global alliance. The unveiling of the "oneworld" brand launches a mul-ti-million dollar
        AFX-Asia; AFP  -  383 words
      • 387 40 Unions veto John Edw&rdson's appointment as next chief FT [NEW YORK] The heir apparent at UAL, the parent of United Airlines and the biggest employee-controlled company in America, has quit after it became clear that two unions representing workers would not back him to become
        FT  -  387 words
      • 137 40 AFP [BEIJING] China's notoriously slow rail network will increase speed limits on all trunk lines from Oct 1 to help. trains compete with buses and planes, the China Daily reported yesterday. Trains on the busy Bei-jing-Guangzhou route, which cuts 2,700 kilometres south through China, will
        AFP  -  137 words
      • 392 40 AFP [HONGKONGI A senior official admitted yesterday that the opening of Hongkong's HKS2O billion (554.4 billion) state-of-the-art airport was timed to coincide with the first anniversary of the handover to Chinese rule. Chief Secretary Anson Chan told the Legislative Council Select Committee inquiry
        AFP  -  392 words
      • 1592 40 W* FU6MT CI* fUCHT ETP IH788 0835 OfOS 2235 8*7381 BA7382 2055 S***** 0835 LH6373 2350 Of81 1930 Of82 2055 LH778 1610 S026 2350 j $8229 2220 ««78 1610 IH779 2359 Amsttften N***** 0755 U.844 0040 S***** 1610 N***** 2359 ***** 0755 K1838 2300 OfOt X5
        1,592 words
  • Page 27 Advertisements
    • 19 27 EUseeks standardised boxes European govts are trying to harmonise standards for containers used in different transport modes. Pmge 2
      19 words
    • 435 27 People mm Oantas Freight has named Darren Clark as its business development manager for South-east Asia, based in Singapore. Mr Clark moves from Sydney, where he was regional freight sales coordinator for Australasia. He will work with freight manager for Singapore and Malaysia, JIK-J Harold Pang, and report to regional
      435 words
    • 319 27 Five major airlines confirm global alliance BA, American Airlines, Canadian Airlines, Cathay Pacific and Qantas launch oneworld. Back Page Petroleum Economics Ltd Conference Connection present through 2005 j HHUlffiU n c^an^^ r^CU^oSut'(r* ri<e< an 11 m> bi ASIAN dUSIS OH TfKR OBTIXIOk TMK *t*AMKDt'INKWBRKy i tva immrt op i |4f|
      319 words

  • Page 28 Advertisements
    • 624 28 ISUPER SHUTTLE BXPHESB IQULF KARACHI EXPREBB (QIOQ ygsa WTMSt igo sm msa |vor| ju|mn|mh |mo| km coi |ng| sm OOaCAUFMNA jJJ£S JI/W 04/10 NO WUOYD MBAI IH~ W/W 11/ Of 11/W 13/00 10/00 11/00 M/W 17/10 ooa HONGKONG ISWSM M/ 00 11/10 NT* WHO llf 10/00 U/00 11/00 10/00 15/00
      624 words
    • 91 28 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN ports Hona Kong AAM CMna Fqrls ikvmy tmuw a mim vi*mli VtSStL VOY ETO SIN ETA TYO ETA KOI ETA Y0« EH N6O ETA OSA I HOI DIAMOND
      91 words
    • 596 28 Lines 4 servrcas represented by Members of the Registry of WWiy Accod'ted Shipping Agents Sngapore Shipping Association Members of the CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE PrtKttsLlly mm 16.* IS/W um Princess UJy VCSH lII* 17/1# LILY MARINE SERVICES SINGAPORE Pfc®M 334 7210/*****44 ftuu
      596 words

  • Page 29 Advertisements
    • 1122 29 I SAX SERVICE (DIRECT) VBSB VOT SWttt lux OAK OAI I HOU CM 001 KM Ml |UK aw sua oosi 14/09 01/10 05/10 05/10 00/io 05/10 04/10 04/10 07/10 07/10 m.iMßuaa out 23/09 13/10 12/10 jgg 13/10 12/10 13/10 13/10 14/10 14/10 awsamohti oo« 30/09 is/10 20/10 20/10 21/10 m/io
      1,122 words
    • 1950 29 HANJIN SHIPPING HANJM SHIPPtNG (S) PTI LTD tap //wn hanpn com IOOUKC 32*0735 237 SALES: *****24 ?3t DOCUMEMI 37*0271 274 OPHAIXMS 32M241 252 MAM UHE *****5S FAX 222 MM CX MO **********0 M TO NW USA A CANADA USA fAHAfftft* FOR VSL/VOT I MM I 9N UNEHAM/VOT SEA TtW DEN
      1,950 words
    • 228 29 1 I —1 Vio I IS/10 1 14/101 AISO ACgfTWG OUtGO TO oamu SonMl W: 17UJJS" Tinill 'iidii lnO 04.1.1_. I 111 Ol pgfgr'-.Eiasss ET 3^ rn, .*****111 WlftZ/WWUBPUDJi (WI7-ISIMW HriW-iami MAIMBItM).M3SIMA(MfI. shreyas shipping limited, mumbai PREMIER FEEDER SERVICE/SINGAPORE/MUMBAI/PORT KLANG/SINGAPORE NOKKAP 433 25/09 03/10 15/10 NOftKAP 432 13/09 23/09 25/09
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  • Page 30 Advertisements
    • 1133 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED BEA/MEPITERIIANEANCANADA w*9a wt m uw iw hw w m nam wt m jaw w w nu wi hmuh foruami mam aii mm um mo mm 19.19 mm lomoon senator wmo mm km 11.19 dm ihi wm ?< 10 HAMJM DAUAN WQ942 15 M 19.19
      1,133 words
    • 895 30 p AM MAC-MPLS S'PME M'SIA r—n Carrtor: MN COUTH LINES, INC p. qudang: (07) asxree HW \~_J C•» laoormWK* SIBU: (064) *****9 MANILA: (832) *****24 PENANG: (84) *****38 BANGKOK: (882) *****87 SURABAYA; (31) *****0 PKELANQ: (03) *****77 JKT: (21) *****07 MPN: (81) *****3 KUCHXG (082) *****1-3 KAOHSIUNO HO CHI MINH
      895 words
    • 522 30 &IJISSELTON LINE Wt» a»M4M IMb ISMHI I MUARA 1 r LABUAN 1 vissa vor no n* vissa vor itd no yonauMu yon LON n/w vm STMffSHOPI V271/W 27/00 01/10 STOAITSHOPt V271/N 27/00 01/10 r Vl*/* 01/S 05/10 stuns hopi vw/oo 00/1010/10 stujtshok rm/n 00/10 10/10 j K. KINABALU f KUCHING
      522 words

  • Page 31 Advertisements
    • 1400 31 [vessel voy sin pqu pkq pew pqb dub I shj ba bik I IRAN MATIN PJL 1308 10/09 27/00 28/00 28/00 20/00 NUN VAN DAT PJL 1317 08/10 18/10 PQB- Mina Qaboot, DUB Oabal, SHJ Siiarjah. BA Bandar Attaa. BIK Bandar Imam Khomeini ACCEPTING CONTAINERSREAX-BULK SHIPMENTS TO INLANO POINTS HI
      1,400 words
    • 1590 31 TO ISRAEL 1 IN 13 MYS I nrnmrfimM I SINGAPORE'S GENERAL AGENTS: SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (•/U" J^*****2 Bl io^ -Bgß|A B -i COSTAR SHIPPING PTE LTD #17-mnsklog SAIES/MGS 4205M1/43 INWAID DEPT (D/OI *****15 COSTAR AGENCIES (M) SDN BHD *****25 TE: 02-07-35 ***** FAX: 02-07-*****70 I
      1,590 words
    • 634 31 r EASTERN CAR UHER, LTD. \L%A KL (SINGAPORE) PTI LTD SPECIALIZE IN RORO 4 HtAVY IJFT UPTO 122 TONS EQ (SWCtfOK) W! OP LOADING FOR PORT KLANG/BANGKOK/LAEM CHAftANGI JAKARTA UU "AAin lurv|C" U4 wv uu "flßimiT iiy* if «A ETA SJN 20/09/98 ETA PKL 21/09/98 mv W r ETA BMC
      634 words

  • Page 32 Advertisements
    • 1245 32 tUBOWAWWWOWAVIiWMUUItMIUMIA S *Tr®r»®S~ J-iT* SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL I SGP i. DAINTY RW-007 2740 10/10 20/10 17/11 I*lo 20/10 11/11 E RIGHT RE US 27M 2IM 2M 31M Ml MM »N E. DYNAMIC RW-001 04/10 23/10 2MB 24/10 20/10 27/10 20/10
      1,245 words
    • 1091 32 n <-| advance^cont^' nerlin e s(pte)ltd V I 140 C#c StTMt, #12-00, PIL Building, Singapore *****0 fa- TEL: *****21, FAX *****19, TELEX FtS ***** ACLPL cw WO. **********QE OPERATIONS: 2212M(V *****0S MWOKOK JAKARTA Sift ICH/1 Slg NIT) (HUHtnil.Triiij WM* VOY «N I MO( vma VQY SN JKT _MA»j QS2N 23/09
      1,091 words
    • 441 32 nantai line niUY CONTAMOtSa SBtVKE TO MAURITIUS/SOUTH Allia tt»a I VDTI an I nil IDW I JM I err I K»" mmvaus nws n/n m/h m/iq 09/11 10/10 ivii COtDBIDMfiOI 1007S W/W 01/10 lj/ll 15/11 lflt HAJKA CASTRLA tOOB 04/10 IVl| n/n a/ip fr/u mmrBKESs im lyio p/it wii «/n
      441 words

  • Page 33 Advertisements
    • 450 33 i BSA x Ml MYANMA wHBk FIVE STAR LINE (Myanmar National Lino) 1 loading for Yangon (Rangoon) Vtssa VOT SW PKL KM PGU MAWIAMYME SOW 23/9 MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL 111 (03)2417)00 ML Til (03J37M101 rot TE (04)2****** PGU: TH (07) *****21/4 BANK LINE (A Mnto ol Androw
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    • 1221 33 HYUNDAI MERCHANT MARINE CO., LTD. ivpsa Vpr m sou iB4I «n» antj haw wyfren I vtssa vorlsoultalroilAifflHAalMvl bHI HYOARON 3ISW 24/09 12/10 17/10 14/10 IS/10 NOIMS 004{ 04/09 M/M 30/00 01/09 22/09 NOllOUn 009W 2S/09 15/10 17/11 12/10 14/10 ELM S4OE 31/08 05/09 02/09 03/09 24/09 HY EMPEROR 314 V*
      1,221 words
    • 906 33 V rer lagon tpngirad oukxarmn Gto)g(o}<s Wilhelmsen Unes TO NORTH AND UTIN AMERICA *RORO HUVYUFT SERVKI* Vissa VOT Mlf HBGHT SI LAX IQI W SAY IMI Of NYC MW mt UM 25/ M 23/10 01/11 04/n WTTWH"6»7rr"io7TTWTTWTT nXAS mo 4001IM 6.3* U/IO 00/11 11/11 21/11 23/11 25/ II 24/11 27/11
      906 words

  • Page 34 Advertisements
    • 866 34 BANGKOK/ MAP TA PHUT/ LAEM CHABAHO JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN CHANA BHUM" 36N In Pt 25/09 ANRO QOWA' 051 In Pt 28/09 XETHABHUM 2SIN In Pt 26/09 25/09 THANA BHUM 30SS 23/08 28/09 SINO OCEAN OCNIIS 23/09 28/09 GURU BHUM
      866 words
    • 574 34 A cosco COSCO FULL COffTAXEB SERVICE fEdVFCLI EXPORT TO CHMA/HONQ KONG EUROPE/CONTINENTAL EAST A WEST MEDITERRANEAN AUSTRALIA AMERTCA AMCA US WEST/EAST COAST PERSIAN GULF/KARACHI Please refer above mentioned service* to China Ocean Shipping Co. Advertisement in Page 5. CHINA/S.E.A. FULL CONTAIEP MMg vissa VOY rai PU SET NRG QM NM
      574 words
    • 864 34 Sill VEasas w s mla lßh r~SS5 ———[—mii 7TT V*J-E OE PORION Y27W ~ii/io 17*0 ia/10 VLLE OE MMOSA V2SW 08/10 14/10 a*o T2B» 13/10 —iiTio sFk> 55^7— WLLE OETAURUS AM m, W0 oothbuwo,/LBOTHPWUJ)Pom» |~|aiaiig|s?fS^TS^^^Bl MLLEPEUBRA 24&N 06/10 06/10 10/10 IMO 21/1Q 23/10 24/10 24/10 2VIO sr/«i iSTin I J
      864 words
    • 21 34 CONVENTIONAL SERVICE LOADING FOR COLOMBO ONLY Accepting htavy lift Upto 45 tons ETA 25.09.98 FCL/LCL WEEKLYSAIUNOTO BANGKOK/HO CHI M»»VHOMO KONOW«BLUNQCALCUTTA/ MfKCHyjAIWWUHBfIHftMDHAgdBBY/COIOMOO^^
      21 words

  • Page 35 Advertisements
    • 9 35 Shipping your cargo to Busan? Please refer to Pusan.
      9 words
    • 48 35 STe£) Dial 740-6000 on demana —(Retrieve more schedules!) si#Wi- Select the port and key in the four digit code eg: To New York (NYQ 2275 ST y 1 Key in your fax number your phone number Another innovative service offered by rTr The document Will be SHIPPING TIMES
      48 words


  • Page 37 Advertisements
    • 9 37 Shipping your cargo from Busan? Please refer to Pusan.
      9 words
    • 48 37 Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 S sr £> Key in your fax number your phone number Another innovative service offered by The dOCliment Will be SHIPPING TIMES lli? ZzSSjgZ.
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  • Page 38 Advertisements
    • 153 38 f 1 FREE Reader Enquiry Service cut out and Fax to 65-*****29 mmsmmm < 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
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  • Page 39 Miscellaneous
    • 121 39 LKGINO: R ThundarMorm Temperoture c A V Shower Weother Wind direction with .peed in knot* Roin Cloudy Sky Wov h *«9 h WJOM wind* or* indicated by orrowj whkti tty witti the wind Qy On# fui circle colm or light ond vonobie wind. J— Ona hoW ftacha W 5 knot.
      121 words

  • Page 40 Advertisements
    • 154 40 Business Centre Youij4-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. J Call 740-6000 Press M l" key in Document Code Key in fox number si^^Ent«you^hon^umbe^^^^^| i—^——' I. 1 m shipping Times ***** 5™8 to S v n TTIP Rpct 111 n-n-nmw wiggMK The
      154 words