The Business Times, 29 September 1998

Total Pages: 38
1 38 The Business Times
  • 13 1 MITA(P) 110/12W 85f THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, SEPTEMBER 29, 1998
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  • 971 1  - Loans of listed property firms soar to 19b Analysts concerned over whether they can continue to service these loans By] By Lee Han Shih and Ang Wan May [SINGAPORE] Listed property Arms are groaning under a mountain of debts totalling nearly $19 billion, and the big question is whether they
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  • 482 1  -  Traders cite hedge funds unwinding short SSpwMtns By By Larry Wee and R Sivanithy [SINGAPORE] The Singapore dollar closed at its highest in more than two months against the US dollar yesterday, which traders attributed to hedge funds unwinding their short positions. After
    Source: Bridge  -  482 words
  • 834 1  -  Go vt pledges to send new talking bills to Parliament this week From, Anthony Rowley in Tokyo JAPAN'S banking crisis edged closer towards resolution yesterday with the announcement of moves which highlighted the growing sense of national urgency over finding solutions. The
    834 words
  • 169 1 German bine-chip stock index np 2%, mark stable Reuters [FRANKFURT] The election of Gerhard Schroeder as the next chancellor had a generally positive impact on the German stock market and the mark yesterday, helped too by growing expectations of a US rate cut. Germany's blue-chip DAX
    Reuters; REUTERS  -  169 words
  • Page 1 Advertisements
    • 122 1 mwPB The master of Ban Ann, a Singapore-registered vessel detained by Dutch authorities for allegedly dumping hundreds of bags of hazardous ftimigant overboard, has been released, Whipping Tte-Fgl I I IllH I IMF managing director Michel Camdessus called on Sunday far broad reform of the world's international monetary system, Grinding
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    • 4 1 Markat reports, Pg 20-24
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    • 80 1 Sohroederlmrtt— Greens for coalition talks, Pg 11 KohTs ilupai tui »leaves vacuum in the EU, Pg 11 More reports, Pg 11 Making provisions/or KepLand 's policy. Pg 4 Singapore property stocks rise, Pg 15 #1 < V i j i/• LE TEMPS CHANEL THE MATELASSEE COLLECTION STEEL ANO DIAMOND WATCH
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  • SINGAPORE AT HOME & ABROAD
    • 494 2  -  KL's capital controls will worsen the regional decline: economists By- Audrey Tan ECONOMISTS now expect near-zero growth for Singapore next year as Malaysian capital controls exacerbate the regional decline, a survey by Consensus Economics shows. Fourteen forecasters surveyed by the London-based consultancy
      494 words
    • 503 2  -  $60m campus will be u big as that in FonUisebtai Bp Carol Eng AS a sign of itfe commitment to Asia, Insead's $60 million campus in Singapore will be as big as the one in France when fully completed. Initially, in
      CHRIS LOH  -  503 words
    • 348 2  -  It also slashes FD rates by as much as 100 basis points By\ Siow Li Sen STANDARD Chartered Bank has cut its prime lending rate by 50 basis points to 7.75 per cent, putting the rate in line with that of the
      348 words
    • 347 2  -  Marissa Chew SALES in Asia are down for local popiah skin maker Tee Yih Jia Food Manufacturing Pte Ltd but a boost is on the cards if the company clinches its first large-scale contract manufacturing deal. Tee Yih Jia executive chairman Goi Seng
      347 words
    • 286 2  -  By\ Eugene Low PHILIPPINES President Joseph Estrada will be in Singapore for a regional meeting of the World Economic Forum (WEF) to be held here from Oct 12 to 14. It will be Mr Estrada's first state visit abroad and
      286 words
    • 213 2 THE auction of defUnct microbrewery Paulaner Brauhaus' assets at its Wheelock Place branch has raised about* $200,000, liquidator Foong Daw Ching of auditing firm Teo Foong Wong said. He said that apart from the microbrewing apparatus, all other assets like kitchen equipment, light fittings and furniture
      SIEW YAW HOONG  -  213 words
    • 410 2  -  EYE ON THE ECONOMY Industry By< Jennifer Lien DESPITE a rebound in non-oil domestic exports in August, manufacturing output continued to drop for the fourth consecutive month, falling 6.6 per cent. The key electronics cluster, accounting for 45 per cent of manufacturing, dropped 9 per
      Source: EDB  -  410 words
    • 313 2 The Straits Times [UNITED NATIONS] Globalisation has provided benefits in the past and efforts to repudiate it will hurt long-term growth prospects, Singapore Foreign Minister S Jayakumar said yesterday. "The way ahead is not to turn our backs on globalisa tion. This is
      The Straits Times  -  313 words
    • 231 2 COMPANIES should remain environmental-friendly even in the current crisis, for otherwise, they would end up having to pay more for resources. The warning came from visiting environmental advocate lan Kieman. "Pollution has a cost," said the founding chairman of Clean Up the World,
      231 words

  • Page 3 Advertisements
    • 176 3 Well, why not? Why can't things be different? After all, nothing new could ever be created if someone didn't think of it first, and dreaming up those at possibilities is every bit as fascinating as where they lead. If you expect your banker to look beyond the obvious, perhaps you
      176 words

  • FOCUS: PROPERTY
    • 556 4  -  THE PROPERTY COLUMN Going by price, investors may have factored In lower land value By Lee Han Shih Fifteen months ago, property companies with a good landbank were the darling of the stock market. Today, many investors are avoiding listed Keppel Land for the same
      556 words
    • 456 4  -  But rental yields on prime properties are still attractive From Neil Behrmann inLondxm RESIDENTIAL property prices in London are sagging in tandem with the slide in global stock markets. But the prediction of leading analysts is that prices will not experience the slump seen
      FILE PHOTO  -  456 words
    • 407 4 Property auctions coming up WEDNESDAY, SEPT 30 (3.00pm) Amara Hotel, Ballroom 1 Residential: 89 Farrer Dr, 01-06 Sommervilte Park: 3-sty townhse, 396 sq rrVFH* 46 Limau Qdn: 2-sty bungalow, 386/260 sq m/FH* 07-13 Fuyuen Court, 22 Lor 35 Geytang: apt. 108 sq rrvR-P* 02-11 Mandarin Gdn, 1
      407 words
    • 710 4 Many sellers now prepared to lower their asking prices NYT [NEW YORK] Peggy Fitzpatrick was asking U*****,000 (Ssl.s million) for her 2,500 9q ft loft at the corner of Broadway and Washington Place. Since she had just listed it in mid-August, she wouldn't in
      NYT  -  710 words
  • Page 4 Advertisements
    • 344 4 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      344 words
    • 150 4 Private operator The Port Authority of New York and New Jersey will turn over the management of World Trade Center its flagship property and the largest office complex in the US to a private operator. 4ii Full report, Shipping Times Pg 2 PUBLIC AUCTION Pursuant to the direction of Price
      150 words

  • ASIA'S ECONOMIC SLUMP
    • 683 5 A major concern is whether govt is getting its money's worth AFXAsia {JAKARTA] The Salim Group's repayment of its Bank Central Asia (BCA) debt through the surrender of stakes in 102 companies raises many questions, analysts said. First among them is whether the
      AFX- Asia  -  683 words
    • 321 5 Money will be supplied to hurineasesand end-users: Kim Bloomberg [SEOUL] South Korean President Kim Dae Jung said the government will cut interest rates and invest 12 trillion won (5514.6 billion) in failed banks and insurance firms to help ride out the country's deepest
      Bloomberg; REUTERS  -  321 words
    • 235 5 Bloomberg [MANILA] Philippine Airlines Inc, grounded last week by mounting losses and labour disputes, wUI resume operations on Oct 7 after its largest union agreed not to strike for 10 years. Philippine President Joseph Estrada said government mediators persuaded
      Bloomberg  -  235 words
  • Page 5 Advertisements
    • 308 5 v •> H> .f- -A n j'- 3sm9| -Vy i- Ir u V jjfl iu, I'-V- i]i fr; I VrJ yShhPI VQV6. The Quiet Achiever: Voted One Df The World's Top Ten Engines For Four Consecutive Years. Anyone who knows cars knows that Nissan's packed with performance-enchancing technologies; achieves high
      308 words
    • 9 5 Cathay Paolfie launches charter services, Shipping Times, Pg 14
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  • SOUTH-EAST ASIA
    • 613 6  -  ANWAR'S ARREST Bat most of the RM25b deals linked to associates already public knowledge Reports by Eddie Toh in Kuala Lumpur FORMER deputy prime minister Anwar Ibrahim's family and friends are linked to an array of privatisation projects in Malaysia worth over 25
      613 words
    • 376 6 KUALA LUMPUR Anwar widely expected to appear in court today SUPPORTERS of former deputy prime minister Anwar Ibrahim failed again in their bid to ignite a reform movement. Less than 2,000 supporters turned up at Merdeka Square in the city centre
      AFP  -  376 words
    • 288 6 KUALA LUMPUR AFP SUPPORTERS of Malaysian Prime Minister Mahathir Mohamad called for dissidents to be purged from the dominant party in the ruling National FVont coalition yesterday against a backdrop of growing calls for political reform. Senior members of the party said there was
      AFP  -  288 words
    • 152 6 JAKARTA AFP AN Indonesian Muslim group yesterday called on Kuala Lumpur to recall visiting retired politician, Ghafar Baba, for "arrogant" and "insulting" statements made to the press. "Considering the statements by Baba, it is clear that he has shown contempt for the government,
      AFP  -  152 words
    • 285 6 JAKARTA All seven Pert&mina refineries will ran ops separately AFP ALL seven oil refineries in Indonesia owned and run by the state oil and gas company Pertamina will become separate business units starting in October, the Indonesian Observer said in a delayed report
      AFP  -  285 words
    • 261 6 SINGAPORE Reuters MALAYSIA will be removed from the MSCI Emerging Markets Free (EMF) series and the MSCI All Country Free Indices, a statement from Capital International Perspective SA said yesterday. The removal will be effective as of the close of Nov 30,1998. The
      Reuters  -  261 words
    • 148 6 TAIPEI AFP A SON of Indonesian President B J Habibie flew into Taipei yesterday to help promote his country's aviation industry, officials said. "Ilham Habibie did arrive in Taiwan today and we have been notified that he will come for a visit," a
      AFP  -  148 words
    • 240 6 SINGAPORE Speculation about exchange control adds to Indon woes Reuters INDONESIA'S risk profile has increased slightly in view of political instability and speculation it would follow Malaysia in imposing capital controls, the Political Economic Risk Consultancy (Perc) said. Perc said in its
      Reuters  -  240 words
    • 175 6 BANGKOK AFP THAILAND'S government yesterday reached an agreement to take on board a major opposition party in a move which will provide a massive boost to its slender parliamentary majority. Sanan Kachornprasart, the secretary of the Democrat Party, which spearheads the current six-party
      AFP  -  175 words
    • NOTE Book
      • 95 6 Reuters [CILEUNGSI, Indonesia] An angry mob attacked and torched a complex of nightclubs and guesthouses on the outskirts of Jakarta yesterday, which locals said was a centre for prostitution. Around 100 people attacked the threcfchectare complex in Cileungsi and set it ablaze at 3pmi Witnesses
        Reuters  -  95 words
      • 102 6 Reuters [YANGON] Gen Ne Win, the officially retired architect of military rule in Myanmir, flew to Singapore at the weekend for medical treatment, a business source said yesterday. Gen Ne Win, 88, left Yangon for Singapore on a Myanmar Airwayarflight on
        Reuters  -  102 words
      • 123 6 AFP [JAKARTA] A small group of Indonesian university students protested outside the Republika daily newspaper here yesterday against suggestions that student activists were tainted by communism, student sources said. A dozen students from the pro-reform Forum Kota (Forkot) group, which agitated for the ouster of
        AFP  -  123 words
  • Page 6 Advertisements
    • 86 6 WANTED A leading corporate company looking for a firm an individual for appointment as the agent for marketing Internationally World Class product copper slag (abrasive grit) on attractive commission basis. Applicant with proven track record of marketing abrasive for blasting job in particular copper slag are requested to send in
      86 words

  • CHINA-HONGKONG-TAIWAN
    • 207 7 HONGKONG Reuters A PROMINENT political party and a telecommunications operator yesterday called on Hongkong's government to fully liberalise the telecommunications market. Legislator Fred Li will move a motion in the territory's legislature tomorrow urging the administration to adopt measures to liberalise fully and
      Reuters  -  207 words
    • 239 7 SINGAPORE Priority is political, economic and social stability, says EIU AFP CHINA'S communist leaders are likely to opt for cautious reform rather than more radical measures because stability is their top priority, according to the London-based Economist Intelligence Unit (EIU). "The premier, Zhu
      AFP  -  239 words
    • SINO Briefs
      • 66 7 AFX-Asia [HONGKONG] Hongkong Telecommunications said it has won exclusive rights to sell Inmarsat land mobile services to overseas customers doing business in China. The company said it has been appointed by Beijing t Marine Communication Navigation Co, a unit of the communications ministry, as
        AFX-Asia  -  66 words
      • 91 7 Reuters (TAIPEI] Taiwan's central bank was not expected to cut banks' reserve requirements after its afternoon board meeting during which it would review monetary policy, a Reuters Poll showed yesterday. Among the 12 economists or market traders surveyed during Sept 24-25, eight did not
        Reuters  -  91 words
      • 65 7 AFP [HONGKONG] Ifcnjkong's hotel occupancy rate rose to 79 per cent in August compared with per cent the sarafc month last year, figfzrwreleased yesterday showed. |g, Occupancy ra/es were also up some three percentage pointafrom July in line with an incre&e in tourist arrivals.
        AFP  -  65 words
    • 388 7 BEIJING USs3ob may have flawed out in HI on yuan devaluation fears, say bankers Bloomberg CHINA'S central bank gave domestic companies until Oct 1 to repatriate foreign currency held overseas, the latest bid to shore up the nation's-foreign-exchange holdings, a
      Bloomberg  -  388 words
    • 442 7  -  From Qnak Hiang Whai in Hongkong CARGO handler Hongkong Air Cargo Terminals Limited (HACTL) plans to sue the Airport Authority over the crisis that occurred during the opening of the territory's new airport, according to a government radio report
      FILE PHOTO  -  442 words
  • Page 7 Advertisements
    • 21 7 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132
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    • 303 7 4 k Is growth really about size v? •;Up<s tvi- mHI hlb v ;JJ P ■y* ">j V C K > T 5?, 4 r i, vj, i <4 c r I? x v :.V A 7 4 > -f r J < -'H 1 s fe> > V'. fpj<>
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  • ASIA
    • 253 8 ISLAMABAD AFP THE Pakistan government yesterday denied a British newspaper report that Prime Minister Nawaz Sharif had siphoned off millions of dollars of public money and amassed a fortune in offshore accounts. An official spokesman said the report by The Observer weekly was "incorrect,
      AFP  -  253 words
    • 490 8 MELBOURNE Premier warns that state might not have gas for as long as two weeks Bloomberg INDUSTRY in Australia's Victoria state the manufacturing hub of the country came to a halt yesterday after the state's main gas supply was shut down
      Bloomberg; AFP  -  490 words
    • 255 8 NEW DELHI AFP INDIAN pharmaceutical firms, safe from the long arm of US patent law, are falling over each other in the race to bring out a local version of the anti-impotence drug Viagra. "Imagine. Ten per cent of sexually active
      AFP  -  255 words
    • 273 8 SEOUL Flexible approach adopted instead in bid to avert strike Bloomberg SOUTH Korea backed away from plans to dismiss 38,000 bank employees, seeking to avert a bank strike before next week's busy Chusok holiday when demand for money is at its peak. A
      Bloomberg  -  273 words
    • 319 8 AUSSIE BLBOTIOV Planned 10% tax will make fresh food expensive, it says Reuters AFP [SYDNEY] Australia's Labor opposition yesterday made a last-ditch effort to scare voters away from Prime Minister John Howard in this weekend's election, saying Mr Howard's tax plans would damage the nation's
      Reuters; AFP  -  319 words
  • Page 8 Advertisements
    • 136 8 a— L* a show I of g ra ce and confidence: I THE ROLEX I INTERNATIONAL POLO EQUESTRIAN I CHAMPIONSHIPS 1998. I be there to witness it I To watch intense battles between top teams in polo. and the precise harmony of rider and horse in dressage and showjumping, you
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  • Page 9 Advertisements
    • 203 9 For every square foot in developments in Raffles Place. Keppel Land's Offices, 0 Strategic location means convenient access to all parts of Singapore. you get a 0 State-of-the-art intelligent features offer a highly efficient of privileges. JL 0 Large floor plates to consolidate business operations and improve work efficiency. fe.
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  • THE WORLD
    • 358 10 WASHINGTON Consensus among industrial and developing countries needed, he says AFP INTERNATIONAL Monetary Fund managing director Michel Camdessus has called for broad reform of the world's international monetary system including the IMF itself. "The reform of the IMF itself will have to
      AFP  -  358 words
    • 299 10 NEW YORK Reuters THE rocky ride in world financial markets is starting to hurt American workers. In recent weeks, a wave of companies operating in industries from insurance to manufacturing have announced thousands of job cuts due to the global economic
      Reuters  -  299 words
    • 327 10 MOSCOW gfpresident loses closest Western ally with Kohl gone Reuters RUSSIAN Prime Minister Yevgeny Primakov's stopstart government lurched forward yesterday when President Boris Yeltsin reappointed Russia's privatisation chief hut ditched two reformers left from the prevkXß cabinet. The presidential press
      Reuters  -  327 words
    • 298 10 NEW YORK Bloomberg MICROSOFT Corp chairman and chief executive Bill Gates is the wealthiest person in the US, with an estimated worth of US$5B.4 billion (Ss99 billion), reported Forbes magazine. Mr Gates, 42, increased his net worth by US$lB billion in the
      Bloomberg  -  298 words
  • Page 10 Advertisements
    • 188 10 SEND YOUR PACKAGE OUT AFTER i f vI I >' V K i i V ,•'i V GET IT TO INDONESIA BY 3*5 r v f ;J. tT-no? f• ft? u x v 4 r 1 < :-2 i f 3^ 4 H Hh f. i f V >.; 1.
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  • GERMAN ELECTIONS
    • 746 11 Germany conld become less business-friendly with Greens in govt Bloomberg [BONN] Gerhard Schroeder, Germany's chancellor-elect, invited the environmentalist Green Party to enter into coalition talks, moving to forge a left-of-centre government to run the world's third largest economy. Mr Schroeder's Social Democratic
      Bloomberg  -  746 words
    • 538 11 Schroeder less likely to make sacrifices for Europe Reuters [LONDON] Helmut Kohl's departure, after 16 years as Europe's mover, shaker and deal-maker, leaves a leadership vacuum at the centre of the European Union. That the German chancellor was the dominant figure in
      Reuters  -  538 words
    • 415 11 It urges the parties not to go back on economic reforms Reuters [BONN] German industry yesterday warned against a return to tax and spend policies in a "Red-Green" coalition of Gerhard Schroeder's Social Democrats and the ecologist Greens. Industry leaders, seeing their worst
      Reuters  -  415 words
    • 214 11 Reuters [BONN] German Chancellorelect Gerhard Schroeder yesterday said he supported proposals by British Prime Minister Tony Blair and French President Jacques Chirac t)n reforming the global finance system to prevent crisis. "More cooperation at the international level combining the G-8, as
      Reuters  -  214 words
  • Page 11 Advertisements
    • 232 11 vjjjEpS Introducing |inrr Gateway Solo™ notebook the extra kgs wonder for the the Gateway V i from regular Jf you fly 3100 (code truly to stay Processor 300MHz, 266MHz, 233MHi or fl|M Intel* Pentium* Processor wtth MMX Technology m am a p 2«mh* H k II I 32MB 160MB SDRAM
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  • EDITORIAL & OPINION
    • 750 12  -  BOTTOMLDVB OPINION By David Mason The writer was a partner in an international accounting firm in Singapore far 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT AS the international economic whirlpool shows no sign
      750 words
    • 132 12 'You've got a situation here that looks worse and worse.' Paul Hamaaaajr head of trading at Boston Partners Asset Management, which oversees US$l7 billion (SS29 billion), on mounting concern that banks and brokerage firms will report lower earnings because of their business with risky hedge funds. 'She's
      132 words
    • 633 12 EDITORIAL GOH Chok Tong arrived in Washington on the day after President Bill Clinton's videotaped grand-jury testimony was broadcast across the United States, reflecting the US capital's obsessive preoccupation with the Lewinsky affair. By showing up in Washington the same week that America's political
      633 words
    • 1133 12  -  Rules are needed but the industry isn't keen to set, enforce and pay for them too By, Ang Peng Hwa The writer teaches madia management and law and researches Internet issues at Nanyang Technological University's School of Communication Studies, where he is vice-dean
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    • 918 12 WHAT THE OTHERS SAY THROUGHOUT the Asian crisis, the western policy establishment has played down the role of the hedge funds. Their part in destabilising the currencies of emerging market economies has counted for less, it is suggested, than that of local
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  • Page 13 Advertisements
    • 374 13 Buy It. Sell It. Find It. Classified, fffc CATS. Call Today For Results Tomorrow. 1800-737-1166 Where to wine, dine and entertain M# PreSe T (O® SSmSSf that other MrdcompMi«telk about At Cafe Plaza, you can enjoy a superb selection of International gourmet cuisine in September. Dishes featured at our International
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    • 103 13 Season of Mib-Awtwmti Mooncake Festivities 6 September 5 October 1998 Please call 735 5887 faMnto for your orders ManJurut QQ Support 333, Orchard Road, Singapore *****7. Tel: 737 4411 spm to Bpm datty Buy draft beer or house pour at only $8* a glass and get the next one FREE!
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  • Page 13 Miscellaneous
    • 765 13 TV&RAPIO Movies From The 3.00 Legend of the Flying 2L30 PM TV Innovations. baugh Jury of One. 3J58 Pet House. 4.00 Kidz Blitz: Sesame 430 News 5 Today Followed 4M The Great Wall of ChiStreet. By Afternoon At The na. 5.00 The Silver Brumby. Movies (Con't). 530 Travelogue 97. UO
      765 words
    • 255 13 CBTPTIC CROSSWORD 6 Circumvents current faults 8 Mother's returning on a vessel an Oriental boat (6) 9 Law agency involved in plot 6 I I I I 1 about the Queen (8) 111 breathe fresh air in part of Spain and Portugal (6) 12 Denounce former husband who may create
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  • EXECUTIVE LIFESTYLE
    • 1053 14  -  The media has contributed to relentless intrusion into the private lives of public officials, says Josh oetun Josh Getlin LAT-WP AS the mass media continues its saturation coverage of the Clinton scandal, some critics have coined the phrase "sexual McCarthyism" to protest the mean-spirited pursuit
      LAT-WP; FILE PHOTO  -  1,053 words
    • 467 14 FILMS Banning of two films, heavy censorship mar Bangkok's first intl film fest AFP [BANGKOK] A South Korean film on political oppression took top honours for Asian cinema at Bangkok's first international film festival, marred by tough censorship which saw two
      AFP  -  467 words
  • Page 14 Advertisements
    • 38 14 I 1 S %*BYOU_\? E SWAPPED DIAMONDS fOR DIAPERS, y*V» v FOR 3AM FEEDS i AND VET LIFE IS MORE EXCITING THAN EVER. SM Motors 249 Ale*,intlrii Hood Singnpore *****5 Tel: *****88 WWW.VOI V O C O m
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  • COMPANIES & MARKETS
    • 473 15  -  Shares of Big Four, except OUB, rise up to some analysts call for cantion By\ Siow Li Sen [SINGAPORE] INVESTORS bought into bank stocks yesterday in the hope that further interest rate cuts will dent the rising trend of defaults, but
      473 words
    • 256 15  -  By< Carol Eng [SINGAPORE] As part of an internal restructuring of long-term investments announced earlier, Shangri-La Hotel said yesterday that its wholly-owned unit Orange Grove Holdings will acquire 60 per cent of Sentosa Beach Resort This will be done through two
      FILE PHOTO  -  256 words
    • 799 15  -  HOCK LOCK SIEW Jennifer Lien A FEW buoyant indicators in the electronics sector in recent weeks have galvanised sleepy brokerages into recommending electronics companies as they expect a buoyant Christmas quarter. Most notable among the signs was a 70 per cent surge
      Source: Bloomberg  -  799 words
    • 220 15 Investors expect another round of prime rate cuts Bloomberg [SINGAPORE! Property stocks rose yesterday as the benchmark three-month interbank rate fell further after hitting an 11-month low last Friday, raising hopes of another round of prime rate cuts. City Developments, the
      Bloomberg  -  220 words
    • 296 15  -  By. David Boey [SINGAPORE] Singapore Technologies Engineering's vehicle and land systems arm, Singapore Technologies Automotive, has broadened its involvement in the electric vehicle (EV) business together with a unit of govern-ment-owned Temasek Holdings. ST Engg said yesterday that ST Auto
      296 words
    • COMPANIES
      • 536 16  -  Corporate sector in bad shape, with 123 firms posting total of 45Jit rupiah loss Froml Shoeb Kagda in Jakarta INDONESIA'S battered cor'porate sector is in worse financial shape than widely thought as more than half of the companies
        536 words
      • 535 16 AFX-Asia [SINGAPORE] Informatics Holdings Ltd expects to maintain earnings growth in the current fiscal year to March with student intake and margins holding up despite the regional economic crisis. Group managing director Ong Boon Kheng said in an interview the company is
        AFX-Asia  -  535 words
      • 328 16 CORPORATE RESULTS [SINGAPORE] Mainboardlisted Lion Teck Chiang has plunged into the red with a net loss of $9.02 million for the year ended June 30 after making a provision of $10.3 million for its property investments. The loss compared to a net profit
        328 words
      • 242 16 [SINGAPORE] Slower growth in the construction industry pared Ssangyong Cement's interim net earnings to 97.55 million, a decline of some 10 per cent from a year ago. Turnover fell 18 per cent to |71.l million. So did operating profits, reflecting poorer margins. For the
        242 words
      • 196 16 [SINGAPORE] The weak cement market in China has dragged keypad maker San Teh's interim net earnings down by 75 per cent to $2.2 million. The group also made a provision of $1.2 million for its dormant Xiamen-based food and beverage subsidiary, Xiamen San Teh
        196 words
      • 268 16 [SINGAPORE] Container logistics company Eng Kong Holdings yesterday posted a 62 per cent drop in group net earnings to $1.5 million, thanks to a poor operating environment. Despite that, however, the Sesdaq-listed company proposed a l-for-5 bonus issue to reward loyal
        268 words
      • 174 16 [SINGAPORE] Hongkongbased Noble Group, which was listed In Singapore only last year, has plunged into the red with losses of US$B.9 million (5515.1 million) for the half year ended June 30. The commodity transportation provider attributed the net loss to exceptional provisions of US$9
        174 words
      • 206 16 Reuters [MANILA] Hongkong-based conglomerate First Pacific Co Ltd said yesterday it had considered buying into Philippine Long Distance Telephone Co (PLDT), but a company spokesman declined to give more details. "We have looked at a wide range of companies in the Philippines,
        Reuters  -  206 words
      • COMPANY Briefs
        • 25 16 30*hareUOB Blue Chip Index from Oct 5,1888. This move follows the delisting of Sembawang Corp from the JJ Industrial Corporation to form SCI. i.
          25 words
        • 31 16 4imw a subsidiary ofWBL. Theacqaisttiixiaf the die tooling maker wiß not have any material Impact on the results of the WBL Group for the current ttnancial year ending Sept 80,1908.
          31 words
        • 89 16 [SlNGAPOftKJPohLianHoldinci Limited haa established an eesociate company in Thailand to expand Its construction business there. PohLian will own 40 per cent of the newly-eatablished Poh Lian International (Thailand) Ltd through nominees. The otherSlper cent share coital of two divided into 20,000 ordinary sharee of 100 beht each.
          89 words
        • 28 16 AFP signed e memorandum of understanding with Jardina Lofistioe Group to conelder forming a Joint veqiipgil "supply chain management for fest-movii«i MMMR goods".—AFP
          AFP  -  28 words
        • 20 16 Ruters to doto pifNr ind satellite tquipoMifc mtmfrcttmr S«m«1 Print Circ\Uta?mSa*nput«-»oftw»re«nd i| J* r. mm A f |J| MBWiWCMgBHOTlWll^
          Ruters  -  20 words
    • REGIONAL COMPANIES
      • 498 17 Dealers say the chip maker wants to sell another 500b won of bonis locally Reuters Bloomberg [SEOUL] Samsung Electronics Co Ltd plans to tap the local market to sell its second jumbo bond issue in October, market sources said yesterday. They said the
        Reuters; Bloomberg  -  498 words
      • 287 17 Reuters [MELBOURNE] Mayne Nickless Ltd is experted to release details of the float of its 25 per cent stake Australian telecommunications group Cable Wireless Optus Pty Ltd this week, a source close to the deal said yesterday. "I would keep some space aside
        Reuters  -  287 words
      • 342 17 Reuters [SEOUL] H&Q Asia Pacific, a US-based private equity fund, is prepared to inject up to 370 billion won 1 (8*453.6 million) of freshcslplf&l into South Korean broker Ssangyong Investment and Securities, executives of H&Q AP Korea said yesterday.
        Reuters  -  342 words
      • 50 17 [TOKYO] NEC Corp's newly developed fingerprint verification device (front) to secure personal computers. The card-shaped instrument, which incorporates a US-made dactylographic sensor, is small and consumes little electricity, the company said. The compact user-identification device allows users to avoid entering a password for verification. AFP
        AFP  -  50 words
      • 359 17 It sold fewer apartments this year as prices fell 55% Bloomberg [HONGKONG] Henderson Land Development Co, Hongkong's third largest property developer, will report today a net profit of HK$6.3O billion (Ssl.4 billion), or HK53.66 per share, for the full year ended
        Bloomberg  -  359 words
      • 545 17 Target of As2lsm in savings won't justify re-rating of stock Reuters [MELBOURNE] The Broken Hill Pty Co (BHP) copper unit's AS2IS million (SS2I4 million) cost cutting target for the year to May 1999 is realistic but not good enough to justify a re-rating
        Reuters  -  545 words
    • INTERNATIONAL COMPANIES
      • 403 18 Wall St bank's plan said to have been derailed by global financial crisis NYT (NEW YORK] Goldman, Sachs Co is likely to announce this week that it will not go public this year, according to people who work at the investment bank. Th#
        NYT  -  403 words
      • 274 18 AFP [LONDON] Manchester United, the financiers' favourite soccer club, yesterday reported a rise of 8.5 per cent in annual pre-tax profits before transfer fees to £29.6 million (SsBs million). The club, which is the subject of an agreed bid from Rupert Murdoch's British Sky
        AFP  -  274 words
      • 560 18 Profits boosted by market gains and light storm losses Bloomberg [NEW YORK] A year of stockmarket gains boosted thirdquarter earnings at Hartford Life and other life insurers, while steady premium growth and light storm losses spurred gains at property and casualty insurers
        Bloomberg  -  560 words
      • 326 18 USs6som deal will expand the firm's agro product range Bloomberg [LONDON] AgrEvo GmbH, the world's fourth largest maker of crop protection products, said it agreed to buy North American seed units of Cargill Inc for US$65O million (Ssl.l billion) to expand its
        Bloomberg  -  326 words
      • 396 18 Reuters [LONDON] Britain's Wassail pic, the industrial conglomerate turned investment group, had its path cleared to take over British lighting company TLG pic yesterday after a rival US bidder dropped out of the frame. Cooper Industries Inc, the diversified electricals
        Reuters  -  396 words
      • 105 18 Reuters [LONDON] German industrial group Siemens will start to run down its semiconductor plant at Tyneside in northeast England this week with the loss ofl, 100 jobs, The Independent said yesterday. The state-of-the-art factory was opened only a year ago and its closure follows
        Reuters  -  105 words
    • FINANCE & COMMODITIES
      • 482 19 Delinquencies and personal bankruptcies fall; credit quality op on tighter standards Bloomberg [NEW YORK] Earnings growth for credit card companies is expected to accelerate as much as 47 per cent in the third quarter, as delinquencies and personal bankruptcies fell and
        Bloomberg; FILE PHOTO  -  482 words
      • 237 19 Bloomberg (BRISBANE] Macquarie Equities Ltd, one of Australia's 10 largest stockbrokers, said it will merge its Queensland state retail business with local broker Nevitts Ltd. The new business will be known as Macquarie Nevitts. "With share ownership already the highest of any state in
        Bloomberg  -  237 words
      • 240 19 Bloomberg [LONDON] Prudential Corp pic, Britain's largest life insurer, is planning to close one-third of its branches and reduce the component of commission sales staff are paid, said John Elbourne, chief executive of Prudential Retail Finance Services. The company plans to shut
        Bloomberg  -  240 words
      • 286 19 Move comes after Deutsche boys 45% of Italian bank Bloomberg [MILAN] Commerzbank AG, Germany's fifth-largest bank, said it increased its stake in Italy's Banca Commerciale Italiana SpA, the nation's fifthbiggest bank, to almost 5 per cent from a previous 3 per cent, saying it
        Bloomberg  -  286 words
      • 165 19 Reuters [TAIPEI] Chinatrust Commercial Bank, a major Taiwan private bank, yesterday said it lost more than half erf 1 the US$5O million (SsBs million) it invested in US hedge fund Long-Term Capital Management LP, subject of a controversial bailout. Chinatrust nevertheless said it regarded
        Reuters  -  165 words
      • 347 19 Last year's drought to blame for 1998's shortfall: association Reuters [JAKARTA] Indonesia's crude palm oil (CPO) output is expected to reach just 4.8 million tonnes this year, falling well below the previously projected 5.6 million tonnes due to a drought last year. The
        Reuters  -  347 words
      • 250 19 STMTTX Report [SINGAPORE] Simex Euroyen futures were off their highs while Japanese government bond futures (JGBs) slipped yesterday as the failure of Japan Leasing Corporation underscored the country's troubled financial sector. Japan Leasing, a non-bank affiliate of ailing Long-Term Credit Bank of Japan,
        250 words
      • 164 19  -  ma TAIWAN nmiHES Charlie Kuo service dealer Refoo Singapore THE Simex MSCI Taiwan Stock Index futures feU as Chinatrust Commercial Bank, one of Taiwan's largest banks, reported US$26 million (5544.3 million) loss due to its exposure to US-based Long-Term Capital Management. The September 98 contract
        164 words
      • 227 19 ENERGY REPORT Reuters [LONDON] Crude oU prices were weaker yesterday but refined products rose sharply and kept the oU complex in balance as Hurricane Georges threatened to knock out US oil refineries lying in its path, traders said. World marker crude Brent blend traded
        Reuters  -  227 words
      • 278 19 Reuters AFP THE dollar gained a bit of ground yeAer lay as markets digested the news of a change of government in Germany and of Japan's largest corporate failure. Dollar gains were limited though ahead of this week's key event for markets, the meeting of the Federal Reserve's
        Reuters; AFP  -  278 words
      • Article, Illustration
        287 19 mm ilm |i li I »y (Xgfc Nr KATBS StpM '-ajV**! m mm 2V2 3 Ml P V* 4 VI 5 viSU,-. 4 <w I J ,^v'| m m mm 14m >M If! (Maths SIN £l«ft ZmHH 57/32 Sim I iMtk SIM IV» ftMtfft! SV» Sl/4 iHMi i s S
        287 words
    • 1679 20 8IC0M FUTURES Sep 28 RUBBER (Mm dot** d SJOpa) RSS1 CONTRACTS cnts/tq) ClOM VotaM Open Month HhpN Low Sott (ta—M) Iwtomt Oct 96 ***** 1050 Nov 96 123.25 1550 OK 96 123.50 121.50 124.00 170 1620 Jan/Mtr 99 126.50 1950 Apr/Jun 99 130.75 1950 Jui/Sop 99 ***** 150
      1,679 words
    • 2222 20 LOtHffltt l#M Hm *h 31 Croup 494.000 *1*400 AB Port! 257.000 1-000 ADtwy National 1025.000 0.200 AHied OomeM 418.600 -2.400 Amec 145.000 -2.400 Aid* Group 170.600 1.400 BAT M 451.200 -0/400 BO Pit 391.600 -2.400 BKC 60.000 1.000 BOC Group 750.000 26.000 BR Petroleum 889.000 22.000 BTR
      2,222 words
    • 1543 20 Bloomberg P Nikkei 226 ♦M6J3 JAPAN'S benchmark stock Index rose yesterday for the third time in four sessions, led by Honda Motor Co after Wall Street rallied on Friday and politicians reached a tentative agreement to rebuild Japan's financial system. Still, gains by bank shares were limited as Japan
      Bloomberg  -  1,543 words
    • Article, Illustration
      676 21 AFP |3 Composite Index -022 INDONESIAN share prices closed mixed yesterday with the firmer rupiah pushing down dual-listed stocks and other counters boosted by anticipation of a US interest rate cut, dealers said. Gains were capped by growing concern over the political situation ahead of a planned national congress
      AFP  -  676 words
    • 293 21 AFP Hlhafl* *11UK PHILIPPINE share prices closed 1.2 per cent higher yesterday on positive regional sentiment and renewed investor confidence. The Philippine Stock Exchange Composite Index rose 15.04 points at 1,230.50. Volume was 675.75 million shares valued at 589.65 million pesos. Philippine Long Distance Telephone Co rose 30 pesos
      AFP  -  293 words
    • Article, Illustration
      1418 21 Reuters, AFP flH&agSeng +244.43 STOCKS closed higher yesterday, propped up by hopes of a US interest rate cut, brokers said. The Hang Seng Index gained 244.43 points, or 3.17 per cent, to finish at 7,946.04. Window-dressing and short-covering ahead of the index futures expiry today injected additional optimism,, brokers
      Reuters,; AFP  -  1,418 words
    • Article, Illustration
      613 21 Reuters n Shenzhen B Index -0.06 SHENZHEN'S hard currency B shares ended down yesterday on fears that tighter controls on foreign exchange transactions would restrict domestic investment in the market, analysts said. The B Share Index edged down 0.06 of a point to 64.11 points, up from an intraday
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  613 words
    • 348 21 AFP □WP latex -*28 TAIWAN share prices feU 1.0 per cent yesterday on the lowest turnover recorded since January 1997 as investors took to the sidelines, dealers said. The Weighted Price Index dropped 69.28 points to 6,910.61 after ending barely changed in the previous session. "Investors adopted a wait-
      AFP  -  348 words
    • 240 21 AFP QWeffington *7.43 NEW Zealand stocks rose 0.4 per cent yesterday in slow trading underpinned by expectations of a US interestrate cut. The NZSE-40 Index was up 7.42 points to 1,716.61 on turnover of NZ$6O million. Telecom Corp gained eight cents to close at NZ57.52. *i- ctm ANZ Banking
      AFP  -  240 words
    • Article, Illustration
      769 21 AFP Hsetmi +m> THAI share prices gained 2.7 per cent yesterday but closed off their highs in a market buoyed by expectations of further cuts in local and US interest rates, analysts said. The gains were made in solid trade as investors bought into the Thai market across the
      AFP  -  769 words
    • 394 21 Reuters POompoßtelilßi -&87 SOUTH Korean share prices closed slightly lower yesterday amid worries over a threatened strike by nine bank unions to protest against layoffs, dealers said. "Investors are worried that the economy will get worse if the banks go on strike tomorrow," a dealer at Daewoo Securities said.
      Reuters  -  394 words
    • 574 21 AFP HmOrflMriM *283 SHARES rose 1.1 per cent yesterday, buoyed by Interest in majors such as News Corp and Telstra Corp, brokers said. The All Ordinaries Index closed 28.2 points higher at 2,591.6. The All Industrials Index climbed 49.2 points to 4,542 while the All Resources Index put on
      AFP  -  574 words
    • WARRANTS&OPTIONS
      • 2348 22 BONOS, LOANS t VAMANTS m NN Last Val Day Last Ouata Avg Htgh Law Stna Clip any Sato *ac- COOO) High Lav Buyar Sallar Prtca 203 3 3160 *Acar ******1USS 4.5 4 6 95 5 3164 Acma ******4 6.S -0.5 374 6.5 6 5.5 6.5 7 3161 AIITach *******7 28.5
        2,348 words
      • 190 22  -  WARRANT WATCH -By\ R Sivanithy THE Teck Wah Paper Products 2001 warrant is our focus today. The instrument's expiry is October 2001, or just over three years from now. Arguably, time is not a problem. However, it has a 37 cents exercise price
        190 words
      • 193 22 MMMMSVKKf I Or Lart Ml On LaatOwto M> Ok TH IM MCa» HH» L— St»» C«a»»—T M« COOP) L— H»yr HXr Cw P/l »H 400 2SO 5123 COL(2000)HK 400 400 8X> 14 2j0 20-5 7744.7 5124 C*hayPac20cHK_720 265X5 2.1 7/4 6.0 *****.4 5125 Chaw) HongSOc HK. (780 id
        193 words
    • 5416 23 Traii.taction^att l St-p 28 I MM UK Vel Bay LaotOyte c£ IJ» iS Nat C» H>» t— gjte Company Sale COOP) MH> 1— Buyer t**" H Cvr P/t led Wm 1 www sr m MBBMMMI HftiifgWMMBMMi M2 49.5 mt 1000 AcimSOc 53 cd -15
      5,416 words
    • 1002 23 4r Or M IMC LMt VM On MtMtl 40* 0* YM Ml Ca» A*9 HN» U» MM CHHMT W« COOP) I4» C— 4f9T «—«r Cw P/t >— 9M» 243 30 2049 'AS/UMIOc TO Id im* 735 TU H Hi 70 1X0M 73 2.1 43 79 9 49 92 40
      1,002 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        285 24 Stacks Vtfcn Keppd Land5<* J2.301.000 ERes WtOI tl.ltt.000 HasAa Hldgs25c i— 7.075.000 0U8 Foreign 6.701,000 DBS Land 5,845,000 Wing Tat 25c 4,779,000 SingTel 15c 4,033,000 City Dev 50c 2,894,000 Kef** Corp 2,634,000 STEngglOc 2.590.000 Stacks L_ OUB Foreign 16.231.180 SingTel 15c 11.034,084 City Dev 50c 10,783,504 OCBC Foreign 9,752.840 Keppal
        285 words
      • 667 24  -  STOCK KAUBT COMMENTARY Property counters also in early play; traders stay on sidelines ahead of FOMC meeting today By R Sivanithy (SINGAPORE] A bright start yesterday later gave way to a muted finish as investors in local stocks moved to the
        667 words
      • ON THE GRAPEVINE
        • 135 24 SINGAPORE Airlines recently removed the discount on air fares to Manila when Philippine Airlines was grounded by labour disputes, effectively doubl ing the price of travel on that route. SIA came under immediate attack, accused of profiteering and capitalising on Its sudden monopoly position. But a lone
          135 words
        • 55 24 fOLLOWING the near coilapee of the former high-flying Long Capita! Management of America and Japan's Long Term Credit Bank, many investors have apparently developed an aversion to the name, "lam not going to buy anything that has the words'long term'in it It is likely to be very
          55 words
        • 54 24 MALAYSIAN Prime Minister has sharpened his dry sense of humour and sarcasm since sacking Anwar Ibrahim from the government earlier this month on charge® of sodomy and treason. At« meeting last Thursday, he was asked about the status of the former deputy prime mlnlster and finance minister. Dr
          54 words
        • 105 24 w THE Registry of Marriages and the < National Computer Board yesterday made a rare Joint announcement: they will be. organising a cyber-wedding on Oct«. Fourteen couples who wanted their 1 marriage solemnised in Mandarin and who responded to the cyber-wedding programme will have their big
          105 words
        • 3 24
          3 words
      • Article, Illustration
        75 24  -  by Ven Sreenivasan KEPPEL Corp has been trending up since bouncing back from its 52-week low of $1.34 three weeks ago. Trading volume has been strong, with the 10-day average standing at more than five million share! The technicals suggest that the counter has good mediumterm upside potential, although
        75 words
  • Page 15 Advertisements
    • 100 15 VOO T MOVADO 1 Chronograph stainless steel. Stopwatch Push-button deployment. Sapphire crystal. Water to SO meters. Am z y*Ajr». Ik Movado Service Centre: w: 734 3833 Fax: 734 9796 http://www.vizio.com Authorised dealers. TP It V-l Above Beyond wS Asia Watch Centre Bharath Watch Chew Cheong Watch Centre 737 9686 734
      100 words

  • Page 16 Advertisements
    • 416 16 I A Seminar and Workshop I I Winners don t i rrmrmii Mvrt MMftJIMIM Sheraton Towers, Singapore 1 J J /V* > This workshop is a must for all organisations who recognise the fact that H (gf\ /Ilff£}W*£}Wtf more than any other issue, developing the right skills, Qualities and attitudes
      416 words
    • 172 16 ABN AMRO has announced Mr. Soh Hang Kwang'a appointment as Head of Private Banking for Singapore. Previously, he was ABN AMRO Deputy Country Maaager, China, managing Pan Asian clients out of Singapore. He joined ABN AMRO in 1986 and later managed its Corporate Banking division. During his appointment as Managing
      172 words

  • Page 17 Advertisements
    • 28 17 UsH=H If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JLT.S. at 1800-737-1166. t Another Classified Service
      28 words
    • 242 17 FINANCIAL TIMES MANAGEMENT! i Improve your From primary school to global corporation, from (hub leadership to one of die wodd'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. Distance learning COUrsaa MA In Cuatomar Sarvtaa
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    • 57 17 v > ■>" < r v 4% 9pg9K* H 5^ ~:.5 > v VACHERON CONSTANTIN The world's oldest watch manufacturer Geneva, since 1755 v w% 1 > > V--. ,?.-^p Authorised Retnlors Cor** Mtotch W: 339 9185 Roy EMM Witch T«J 734 1936 Sincere Watch Tel: 733 0918 WatohM Of
      57 words

  • Page 18 Advertisements
    • 158 18 SHIPPING TIMES SPECIAL FEATURE WEDNESDAY, 14 OCTOBER '98 Kfl R? ut iaH" ESSeo 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
      158 words
    • 202 18 THE CONCORDE'S PLUS PLUS PACKAGE RMIBB nett (SsB 5) Deluxe Room Breakfast) As of 1 October 1998, when the hotel Terms Conditions industry goes for nett-pricing, the v lld from 1 October 1998 until further Concorde will be offering a Plus Plus notice Not valid in conjunction with «ny Package.
      202 words






  • Page 24 Advertisements
    • 849 24 [business THE COMPANIES ACT. CAP. IS NOVAX (S) PTE LTD (in voittnunf ujiioiiiviij At an Extraordinary 6sneril Meeting of the abovanamed Company held on the 23rddwofSepMmbai; 1998 toe totowlng Special Resolution was duly passed:*THAT the Company be wound up voluntarily pursuant to Section 290(1)(b) of the Companies Act, Cap. 50
      849 words
    • 601 24 VTT J AGRICULTURAL BANK OF CHINA (INCORPORATED'IN THE PEOPLE'S REPUBLIC OP CHINA) HEAD OFFICE: No. Jia 23 Fuxing Road. Beijing. China. Post Code: *****6 Tal: (010)*****807 Fax:(010)*****160 gst SINGAPORE BRANCH: 80 Raffles Place #27-20 UOB Plaza 2 Singapore *****4 Tel: (65)53&6256 Fax: (65) 538-7960 t 4 m CONSOLIDATED BALANCE SHEET
      601 words
    • 109 24 c VN Na x SUBSCRIBE WIN! Be one of our 3 lucky winners to fly off to USA, London or Australia when you subscribe to The Straits Times Weekly Edition for a minimum of 6 months. Subscribe for 12 months and you will receive 2 chances in the lucky draw!
      109 words

  • SHIPPING TIMES
    • 315 25 Bridge News Reuters RATES climbed for Panamaxes in the east with several ships booked for short periods and one large modern vessel agreeing U557,500 daily, brokers said. Earlier this week, brokers predicted that rates would start to rise significantly. Capesize rates look set to remain at stronger levels
      Bridge News; Reuters  -  315 words
    • 244 25 *f- W CWT WjtrlbuHan 0.27 -OOI H7 Chuanhup 0 34 unch 78 CaacPtoaaStMant-040 *OlOI s rrvtqMlMs 0.13 -0.003 1498 caiCiMnw 0-215 KM Sun Hup 0-305 *0403 209 HKKNZoMd 0.505 *OlOOS 92 WCKtoMnfi HK 5.60 JayaHaMnfS 0.423 -002 IS JurawaSWpy«r< 5.95 *0-K3 *2 Kappa?Carp tM *OjU 2652 Kappatrtu tas
      244 words
    • 404 25  -  Chinese national was not charged for allegedly damping hazardous fumigant overboard in Holland By\ Marcus Hand [SINGAPORE] The master of a Singapore-registered vessel who was detained by Dutch authorities for allegedly dumping hundreds of bags of hazardous fumigant overboard has been released. The
      404 words
    • 78 25 [SINGAPORE] Seabulk Debora Ann is one ofthe two 34 metre Z-drive tugs built by President Marine which were recently christened for Seabulk Offshore International, a subsidiary of US-based Hvide Marine. The vessels are a repeat order from Seabulk which saw a further two tugs delivered earlier
      78 words
    • 108 25 [SINGAPORE] The Islamic Development Bank (IDB) is to finance the buUding of a contamer ship worth US$4l million (Ss7o million) for the National Shipping Company of Saudi Arabia (NSCSA). The company signed an agreement with the Jeddahbased IDB last week. The ship wUI be
      108 words
    • 467 25 PAO, PSA Corp and Hutchinson eyeing major in vestments: senior govt official Reuters [NEW DELHI] Top firms from Australia, Singapore and Hongkong have expressed interest in major investments in India's expanding port sector, a senior government official said. "Australia's P O Ports, PSA Corp of
      Reuters  -  467 words
    • 470 25 Journal of Commerce [WASHINGTON! A US Federal Bureau of Investigation (FBI) probe targeting managers of military cargo ships is attracting the interest of members of Congress, potentially tainting the image of the agency that oversees the managers. Representative Wayne Gilchrest is urging
      Journal of Commerce  -  470 words
    • 155 25 Two of seven Snlpicio vessels seaworthy, coastguard says AFP [MANILA] The Philippine government yesterday partiaUy lifted the suspension of a shipping company involved in a ferry sinking on Manila Bay which left 150 people presumed dead, the coastguard said. Two vessels out
      AFP  -  155 words
    • 797 26 NEW YORK'S WORLD TRADE CENTER Port Authority decides to seek bids from private developers for a 99-year lease on its office complex NYT [NEW YORK] The Port Authority of New York and New Jersey has decided to turn over the management of World Trade Center its
      NYT; FILE PHOTO  -  797 words
    • 213 26 PACE Oefcnas 4 AQ 6 DjakUoyd 6 mi 3 Donqnama 3 Accord 5 ECl 5 Appenship 5 6 Astro 3 FoonflSun 6 Austral 8 6L 4 y Gemartrans 8 B'tang M.s 8 6 CCNI 7 CM A Hangii 7 9 Haniin 3 COSCO 5 A i CSAV
      213 words
    • 18810 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advtrttjar Vitrt Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona SIN Dast'n Noma Noma Nymfcar Numbar SIN Dast'n Nama Nama Numbar HumDf MMHMNMMMaiNIMMMMMMMMHMIMMNHMMNMMNMBi 07/10 02/n CSAV NORSULICARAI 003S (5-*****55 To ABIDJAN (ABJ) 2003 Cote D'I voir* 07/» 02/n e.gleamy ohi-omw (*392im 09/10 B/ll
      18,810 words
    • SHIPS IN PORT
      • 777 37 Vassd Voy No B«rth Arrival Dtparturt tadh Ptrdana *****6 'jW alongside 28.09/1850 M VdMya 2SEP98 JOI alongside 28.09/2300 M Pa| NOW *****8 J01 atongsid* 28.09/2330 M Suriati 4 *****8 JOI w atongsid* 28.09/2359 Mi Hud* 10/98 JW V atongsid* 01)0/0800 Hop* Glory 0998 J08 KongiiM 30.09/2000 lir Jaya
        777 words
      • 1863 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/BoUnci Rstls Ship Voy No Etb/Btr Ported From To From Aci Clow 903 30/2359 U 28/1500 28/1*59 28/1900 II 28/1500 21/165* 21/1900 2* 28/1700 29/0*51 29/0900 21 21/1700 29/0*59 29/0900 1 29/0700 29/1159 a/1400 4 21/1200 29/1459 29/1700 •—i-r-' 12*711
        1,863 words
      • 186 37 Sep 28 Hong Kong: 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 Unity. South Korea: National Foundation Day. Oct S Portugal: Republic Day. South
        186 words
      • 847 37 THIS report, complied by Cockatt Marine Oil Ltd. ahows price rangss in US dollars instead of single prtcaa for a more comprehensive description of the market Prlcaa shown are baaad on avaraae-si»d stem Market movements are indicated The Cockett Bunker Price Index change and the Individual
        847 words
      • 515 37 Carton MO Mai 992.0 2J 17.7 O.ti 342 0.07 24 OmttT Watar tasMua Art Aluminium SadkMfit No abovt £25 I 4 0 3 3 0 380 Avt 9M.0 OJ 15.8 0.07 27 0.03 tin* 380 Mai 996.0 0.9 19.8 0.11 54 0.11 WW! %y/V »M/M »M/M
        515 words
    • AIR & LAND TRANSPORT NEWS
      • 366 38 BAILING OUT PHXXJFPDfE AIRLINES AFP [DAVAO, Philippines] Filipino businessmen pressed Hongkong's Cathay Pacific Airways yesterday to mount more flights in the southern Philippines after suffering sharp losses resulting from stalled shipments. Many traders in the main southern island of Mindanao have been losing
        AFP; REUTERS  -  366 words
      • 598 38 Estrada hints that temporary plan for filling PAL void may torn permanent AFP [MANILA] Hongkong's Cathay Pacific Airways yesterday launched domestic services across the Philippines to help fill the void left by the collapsed Philippine Airlines (PAL) with President Joseph Estrada taking the first
        AFP  -  598 words
      • 345 38 AFP [BOMBAY) India's largest business conglomerate, the Tata group, will pose a tough challenge to domestic car makers when it launches a mass-appeal economy model at year-end, analysts said. "The group has very ambitious plans and has an advantage over its
        AFP; FILE PHOTO  -  345 words
      • 1644 38 CITY FU6HT ETA FU6MT CH) LM7M 0835 0F05 2235 A4«taMt BA7381 1930 8A7382 2055 SO2001 0835 IH6373 2350 Of81 1930 Of82 2055 LH778 S026 2350 AN8229 2220 W4578 1610 IMTO 2359 S0229 2220 S***** 16)0 KZ4579 2359 Aantartaa N***** 0755 W.844 0040 0f0> 645 S***** 2359
        1,644 words
  • Page 25 Advertisements
    • 21 25 Private operator for NY's World Trade Coiter Port authority to seek bids for 99-year lease on its office complex. Page 2
      21 words
    • 702 25 Cathay launches Philippine charter services Estrada hints that temporary plan for filling PAL void may turn permanent BaokPtfi People H9H Air New Zealand has promoted Nq Nai Shon, previously 1 manager for Singapore, to a newly-created postlon of 1 manager, emerging/developing markets. Based in I Singapore, Mr Ng will be
      702 words

  • Page 26 Advertisements
    • 728 26 IUPWjHUnHIWMnf I rn [qulf KARACHI EXPfiCSS (QKX) Vtssa YOTAGE 161 I SI VtSSfl VOT XA DON OAH ONO~ m CM PtC |SW WW3y NT*VNK» 14/09 11/09 10/09 20/09 25/ Of 29/09 03/1* 04/11 OOQ HONGKONG 21W531 23/v9 11/10 OOaMfAM 17WSM 30/09 11/10 WO NBUOTD DMMUM 31( 23/09 25/00 25/00 27/00
      728 words
    • 562 26 Lines services representee m f-®®®;) Members of the Registry of Mgan Singapore Fright Forwarder Accredited Shipping Agents. EIUU Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess Lily VMM 1«/1« 17/1* PitaeewLlly VMM M/|« «/u LILY MARINE SERVICES SINGAPORE Plmm 334 72M/*****44
      562 words

  • Page 27 Advertisements
    • 1129 27 SAX SERVICE (DIRECT) [vcsa VOY SXtU UX OAK PAi HOU OR an urn m. N*C Afl SARDONYX OOtf 30/09 15/10 20/10 20/10 21/10 26/10 27/10 27/10 2R/10 M/ 10 mjUmMM 0201 07/10 22/10 27/10 26/10 27/10 26/10 27/10 27/10 2S/10 JIM— AfliACI 006E 14/10 29/10 02/11 02/11 03/11 09/11 10/11
      1,129 words
    • 2259 27 (2) HANJIN SHIPPING HANJIN SHIPPING (S) PTI LTD hup ha** mi MXXMG *****35 737 SAIIS J*****4 730 OOCUNHI *****71 774 OKUTWfi 37*0741 757 NUN UM *****55 MI 777WM CI NO **********0 M TO NW USA CANADA USA CANADA* fm vsi/vor oam sal iMHAui/voY su Sw ni pox ai kp rn
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  • Page 28 Advertisements
    • 1237 28 DSR'SENATOR LINES TO UK/CONTINENT TO RED SEA/MEUfITbIHRANEANCANADA VtSStl I VOY |'sw 181 1 HTM AHR HAM |pWV Ft-K VCUtt VOT W JB» OH OT Wt W.C IB HAMJM OAUAN WQO42 MM 17.10 10.10 M.U 17.10 WAtHMBTONOBMTO* WMMJ 01 10 11.10 10.10 MB* Mil tl 10 PUNJAB SENATOR MM 21M 11.1*
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    • 991 28 MAC-NELS 5 POKE M'SIA Carrier: MN CONTR LINES, INC p. oudang: «j7) ***** a WIWKMIWHIH SJBU: (084) j1®179 MAMLA: (632) *****24 W N PENANQ: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 KUCHINO (082) *****1-3 KAOHSIUNG SURABAYA MV "KOTA BERUAN"
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    • 619 28 LINE Br mtSIIS4MMXiIUIIII 1 MUARA i r LABUAN vtssa vot nc n* vtssa vor rre n* sratt mm sum un SIBAITSHOPf V271/WSU) 01/18 STIAfTSHOPf V27t/40 SU> *1/11 ouMiAjHH-n ym/w 01/10 m/ic otuum-n vi*/w 01/10 os/io sibaitshopi vm/oo 00/10 10/10 stu/tsmopi rm/n m/io 10/10 CABAIA JNB-31 VI4C/W 10/10 11/10 CABAKAMB-32 V1«/W
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  • Page 29 Advertisements
    • 1258 29 bhmh IVSSSSL VOY SIN PQU PKQ I PBN I POB PUB I SHJ IBA BIK IRAN MATIN PJL 1308 19/09 27/09 28/09 28/09 29/09 IRAN VAHDAT PJL 1317 14/10 18/10 24/10 28/10 PQfU Mlm Qabooi, OUB > Dubai. SHJ Sftir|ih, M Bandar Abbas. BIK Bandar Imam Khomalnl ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS
      1,258 words
    • 2475 29 DIRECT TO ISRAEL 1 IN 13 DAYS I IYERt^URSDAfV^^^I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD «i 7-08 MS bldg SAUS/ixgs *****57/60 INWARD OEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD C» NO: **********0* TOWER TWO
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  • Page 30 Advertisements
    • 1397 30 EUROPt/UK/SCANDIHAVIA/TINIAHP/BUSSIA rSGPI RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL MP E DYNAMIC RW-001 04/10 23/10 21/10 24/10 26/10 27/10 28/10 E REWARD RE 030 03AM 06/09 IMAM 07*9 08*9 11/10 02/10 E DEVOTE RW-003 11/10 30/10 04/11 31/10 02/11 03/10 04/11 E REFINE RE-017 10AM
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    • 973 30 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 C«di Street #12-00, PH. BuMding. Singapore *****0 M Li TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR WO. **********06 OPERATIONS: *****60/ *****05 "ANOKOK P JAKARTA (WMtly Stf» PWt jjp LCH/1 «4| MIT) (l vissa vot f w I ikk vtssa
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    • 649 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VtSHL VOY SM I PUJ I OUt iMI CPT Kl HAMSACASTRIA IMB 04/10 IS/10 11/10 72/10 23/10 24/10 mum mucks y.m«s 13/10 27/10 3Q/io 31/10 mm/MQUffll Y.Q3OS 11/10 21/10 01/11 04/11 05/11 01/11 MMVUUM Y.009S 27/10 05/11 01/11 12/11 13/11 KAICUmiIKE
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  • Page 31 Advertisements
    • 437 31 BSA a. Ml MYANMA FIVE STAR UNE r (Myanmar National Liooo) Loading for Yaigon (Rangoon) yiSSfl VOY sm PU FEN PW MAWIAMYINE MW NO PT MALAYSIA AGENTS: OOUSTUD SHIPPING AGENCIES KUL TH (03)*****00 PKI: TIL (03> 376*101 PEN: TEI (04)*****02 PG(h TH (07) *****21/4 BANK LINE (A itfvi<« Andrew Wtir
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    • 1200 31 HYUNDAIMERCHANTJVJARINECOI^D^^^^^ Ivcsa L£H WW amt] HAM wvj Fa 11vtssa VOT I SOU 1 lEH I tTM I AMT I HAM IWV I m I jiq MXANMZOMTE 018W 91/10 19/10 24/10 21 /1C 22/10 BONE 5221 10 CN I 1 /09 06/09 01/0* 21/W LA LOME S23W D2/)0 22/10 24/10 19/10
      1,200 words
    • 1142 31 norwigion ipanotnd auknytin ffisSSJ® Wilhelmsen Lines TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE" VESSEL VOY RAMP HEIGHT SW LAX Ctl HUA SAV BAI ORf NYC NEW MM TOM fl2o 4001 m 6.3 M "WTO 09/11 TI7TI 2T7TT WH" «7TT 2*7TT 27/11 WTT 05/12 TOBA FB2l 400 low 6.3 M
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  • Page 32 Advertisements
    • 868 32 BANGKOK/ MAP TA PHUT/ LAKM CHABANO JAKARTA/PAN J A NO VESSEL VQY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 2S2N ~jnPt~ 03/10 02/10 ANRO QOWA' 062 In Pt 03/10 CHANA BHUM** 37N In Pt 02/10 THANA BHUM 3068 30/09 03/10 HANTA BHUM" 413N 30/09 03/10 04/10
      868 words
    • 560 32 INDONESIA NATIONAL LINE TO EUROPE I FvrfWNm nFfyti rnm-iiMFntftrn ttrnvtc* fcArffiWl Ofcml-Vgjgl AIWBWWEP wCfiiflvß ~vsl VOY I K*! A DAM/R OAM H lURO MOM MMV A VEMEL It/If M/ 1* OMIT M/»1 TO AUSTRALIA "1 RJU. CONTAINER BPMCI w. wTTTBTff m mtnm.HMm.rn wiiwm on |r/xm« wo m in wii WTESbwc
      560 words
    • 1018 32 VESBELB I VQY NN "1 JED MU ifl HAM I THP I RTW ZEE VM-LE D€ AWMQ6A V3WW IVIQ WIQ aVIO 28/10 27/10 27/10 36^0 06 TANYA TWH 13/10 21/10 24/10 01/11 04/11 03/11 08/11 08/11 yj-E 06 TMIRUB Aaaw aono oam oyn oarn 11/11 iiTii 12/11 VILE D*AQUARIUS U2BW
      1,018 words
    • 23 32 CONVENTIONAL SERVICE LOADING FOR COLOMBO BOMBAY Accepting heevy lift Upto 45 tone ETA 08.10.98 FCL/LCL WEEKLY SAILING TO BANGKOK/HO CHI MWH/HONG KQNGKCEBJUNO/CALCUTTA/ KARACWJAPAN/PURBAN/MADBAa/BBV/COIjO»ro
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  • Page 33 Advertisements
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  • Page 35 Advertisements
    • 48 35 S7^TM74Moo^O^Q€ni3ri(j (Retrieve more schedules!) s j£) Press "V I Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by dOCUment Will be shipping iimes 3J x a 1 <**
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  • Page 36 Advertisements
    • 138 36 FREE Reader Enquiry Service S»< cut out and fax to 65-*****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: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
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  • Page 37 Miscellaneous
    • 121 37 LEGEND R Thunderstorm Temperoture °q y Shower Weothw Wind direction with speed in knots Rom Cloudy Sky Wov h *'9 ht S«rfoc# winds ore indicated by arrows which Hy with the wind 0 One Ml circle represents colm or light and vonoble wmds W One holt Heche represents 5 knots
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  • Page 38 Advertisements
    • 146 38 ~BU SINESSCENTRE Your 24-hour instant into access centre to^shipping^ services and products. Around-the-clock. Seven days a week. Shipping Times B9 Newi I '©ft' Transportation, I rfat. ,1 1 fl' 1 I .tyvy i Logistics More! Find Out I Help You 1 Customers. I iSHIITOWIiMES ®OSEA98 9<r WBtBMaW SrSSSM The 12th
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