The Business Times, 24 December 1999
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1999-12-24
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The Business Times
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Title Section11 1999-12-24 1 Hhe BusinessTimes 85C SINGAPORE Internet: http://business-times.asial .com.sg/ FRIDAY, DECEMBER 24, 199911 words
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Article63 1999-12-24 1 sn *****5 (+40.49) BT-SSI 942.71 (+11.91) irVSMSCI FOTUBES U 335J0 (+3.60) STOCK MARKET INDICES Thursday Change KLSE COMP 782.05 -5.86 NIKKEI Closed HANG SENG 16,296.06 +103.68 SET INDEX 461.18 +175 JAKARTA COMP 666.13 +5.08 MANILA COMP __2,085.58 +22.77 TAIPEI WP1 8,083.49 +80.73 SEOULCOMP 974.16 +653 CLSA CHINA B63 words
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Article79 1999-12-24 1 FOREX RATES IS* SS US$ 1.664 £(IIS$/S$ per 1.608 2.677 EUiOfl!SS/S$/E) 1.010 1680 DM 1337 0.889 YEN 1015 1.639* RM 3.800 0.438 HKS 7.771 0.214 BAHT J755 0 044 RIJP1AH 7,090 0023 'St to 100 units PRIME RATES SINGAPORE* 5.80 KTALAU'MPI'R 7 25 JAKARTA .4000 BANGKOK ***** MANILA U.OO79 words
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778 1999-12-24 1 Catherine Ong - Market cheers purchase of 19.7% stake in Bank of the Philippine Islands, Manila's most profitable By Catherine Ong [SINGAPORE] In its biggest deal outside Singapore, DBS Bank said yesterday it will pay $1.2 billion to buy a 19.7 per778 words
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Article, Illustration635 1999-12-24 1 But M'sian premier gives no hint when he will step down Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said yesterday his deputy Abdullah Ahmad Badawi will succeed him if he steps down, ending speculation on his choice of a successor ahead ofReuters; FILE PHOTO - 635 words
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891 1999-12-24 1 Conrad Raj - Staggered release of shares over 18 months; fees 2% By Conrad Raj [SINGAPORE] Malaysian businessman Akbar Khan's Effective Capital has come up with an improved proposal that calls for the transfer of frozen Malaysian Clob shares to their owners over 18 months891 words
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471 1999-12-24 1 Marissa Chew - •i I exclusive Singaporeans are once again bitten by the travel bngas sense of well-being improves w Marissa Chew [SINGAPORE] Singaporeans are once again packing their bags and heading for holidays abroad in droves this December, their spirits restored by the economic471 words
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Page 1 Advertisements
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Advertisement93 1999-12-24 1 DISIPE Executive Lifestyle CK Tang chairman Tang Wee Sung, Cold Storage boss Huw Jenkins (above) and other newsmakers reveal their plans for this Christmas. Top stories US Q4 corporate profits expected to rise 19 per cent. Next Page PCRD up 31% on talk of Microsoft deal. Pg 3 Far East93 words
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Advertisement33 1999-12-24 1 the STOCKS IPOs "X UNIT TRUSTS the CURRENCIES J PROPERTY GOLF CLUBS DBS Thai Danu to merge 35 branches, Pg 4 There will be no Business Times tomorrow. Publication will resume on Monday33 words
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Advertisement13 1999-12-24 1 Breach of WTO obligations over Clob matter of int I law Next Page13 words
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NEXT page
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895 1999-12-24 2 Even companies which rely on overseas markets are experiencing higher sales and profits Bloomberg [NEW YORK] US fourth-quarter corporate profits will rise 19 per cent, analysts say, led by consumer spending on everything from cars to cellular telephones, making 1999 earningsBloomberg - 895 words
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Article, Illustration463 1999-12-24 2 Andrea Tan - PEOPLE One of S'pore's greatest athletes, he is almost all but forgotten these days By. Andrea Tan Mr Tan is one of the Jive nominees for the "Spirit of the Century" Award organised by The Business Times and sponsored byFILE PHOTO - 463 words
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346 1999-12-24 2 Soh Tiang Keng - Country's financial position described as 'extremely strong' By\ Soh Tiang Keng [SINGAPORE) Fitch IBCA, the London-based international rating agency, has afFirmed its AA rating for Singapore for its creditworthiness for long-term foreign currency debts. In its annual review of sovereign risk for Singapore, Fitch also346 words
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965 1999-12-24 2 Samuel Tan - Samuel Tan Press officer Singapore High Commission Kuala Lumpur The following letter was written by the Singapore High Commission in Kuala Lumpur and published in the New Straits Times of Malaysia yesterday: IN "Going to WTO over Clob issue" (NST,965 words
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ON THE grapevine
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Article102 1999-12-24 2 IN the US, a former Playboy model and Internet entrepreneur, Terri Welles, has won a victory in her legal battle for the right to use the terms "playboy", "playmate" and "Playboy Playmate of the Year 1981" to promote her Web site, reported the IT section of the New102 words
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Article72 1999-12-24 2 WHO'S Ida? What has she got to do with the recent spat between Sing Tel and callback operator Alliance Network Telecom? To one journalist who overheard a conversation, it sounded like she was all-powerful, and was looking into whether there were merits in Anttel's accusations that Sing Tel72 words
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Page 2 Advertisements
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Advertisement29 1999-12-24 2 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. CATSj Buy It. Sell h. Find It.29 words
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SINGAPORE companies
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Article, Illustration568 1999-12-24 3 Teh Hooi Ling - Both deny rumours of share swap, bat analysts bullish on CyberWorks Teh Hooi Ling INFECTED by Nasdaq's tech nology fever, investors here and in Hongkong chased up stocks of Richard Li's Pacific Century Regional Developments (PCRD) and its HongkongSource: Bloomberg - 568 words
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413 1999-12-24 3 Marissa Chew - Marissa Chew ECON International has been building and nurturing its network of offices and contacts across Asia in the past six years, and the construction and engineering group expects to reap the fruit of its labour next year. The group expects its overseas projects to413 words
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834 1999-12-24 3 anthony rowley - ITSmh lock siewl anthony rowley THE "mother of all stock markets"? The description hardly seems to fit Japan's new Market for High Growth and Emerging Stocks which opened for trading three days before Christmas. and which is known by the rather odd acronym834 words
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366 1999-12-24 4 Wong Wei Kong - Plans also to lay off 700 people in bank's restructuring to make it more competitive W Wong Wei Kong UNVEILING its plan to return to profitability yesterday, DBS Thai Danu Bank, in which Singapore's DBS Group has a majority stake, said it would366 words
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166 1999-12-24 4 CM Telecom shares are now traded in Singapore dollars, from US dollars previously. The Hongkong-based company, which is duallisted in Singapore and Hongkong, earlier applied to the Stock Exchange of Singapore (SES) for the conversion. Last month, the SES announced that overseas enterprises166 words
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Article, Illustration536 1999-12-24 4 Jennifer Lien - By, Jennifer Lien A SCHEME to get ailing Goldtron Ltd out of debt has been approved by creditors, paving the way for Goldtron to be debt-free by the first quarter of next year. Creditors met yesterday to vote on the supplemental scheme of arrangement, proposed bySONIA TAN/ST - 536 words
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281 1999-12-24 4 INNO-PACIFIC Holdings will play an active role in developing its newly-acquired property holding near Seattle in the United States, the compa ny said yesterday. The 478-acre (193.4 hectare) property is held by Sawyer Falls Co, which is now 50 per cent owned by Inno-Pac281 words
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COMPANY Briefs
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106 1999-12-24 4 LION Asiapac is planning to terminate its Malaysia-based dry cargo container business which has a net book value of $28.9 million. Outlining the reasons for the decision, the motorcycle maker said the container division's contribution to turnover has been falling (Tom 36 per106 words
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65 1999-12-24 4 AFX-Asia THAKRAL Corp shares were sharply lower yesterday after the company announced an interim net loss of $58.88 million for the six months to September. Analysts recommend the stock be avoided until a turnaround in the company's earnings becomes clear. Thakral closed 12.5 cents, orAFX-Asia - 65 words
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Article52 1999-12-24 4 Corrections clarifications IN OUR report yesterday 'Hour Glass goes deeper into red with $7.1 million loss', group turnover for the six months ended Sept 30,1999, came to $135.8 million and not $19.9 million. The smaller figure was the increase in turnover from the previous corresponding half-year. We are sorry for52 words
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Page 3 Advertisements
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Advertisement69 1999-12-24 3 To many Singaporeans, Catherine Lim's somewhat flamboyant style is immediately familiar. Overseas, however, it may be only her literary style thats as well known. Which is why Catherine carries the American Express" Card. So now from the book fairs of Bologna, to writer s week in New York she's assured69 words
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Page 4 Advertisements
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Advertisement261 1999-12-24 4 THE BUSINESS TIMES AND MOET CHANDON "Spirit Of The Century" Award T/ote Now and Win! A K_ That's right' Three lucky readers will win an exclusive limited I i J 150 cl commemorative Magnum of Brut Imperial from The House LvJol of Moet Chandon A celebration release perfectly timed for261 words
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Advertisement824 1999-12-24 5 CHAIRMAN'S STATEMENT 4MODVTO m Jt itfw muum A potrnvc NOTE rI am happy to report improved profits for the 1 PP I financial year 1999. Last year, I had warned I I that FY 1999 would be difficult; indeed it was. I L And volatile as well. J [M/Z™ happy824 words
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SINGAPORE markets
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Article, Illustration189 1999-12-24 6 Ven Sreenivasan - WARRANT WATCH By Ven Sreenivasan NETWORK Foods has doubled in price over the last two weeks and yesterday, the stock closed with a 15-cent gain at 87.5 cents on a volume of 1.3 million shares. The Network Foods warrant also rose, gaining189 words
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Article498 1999-12-24 6 Stock* Volume OUB CL eC WOO1215 30,190,000 L&M 50c 23,970,000 GMG Global 5c 17,993,000 MediaRing 10c 17,517.000 Asia DekorHK 15c 13,103,000 EconWtOO 12,608,000 l-One5c 10,106,000 OCBC DB eCW*****7 9,435,000 'Genting Int 8,930,000 MIT 10c 8,227,000 Stocks PacificCentury 154.220,721 OUB 48.089,958 L&M 50c 29,659,430 MediaRing 10c 28,152,768 SIA 28,095,265 DBSGrp 27,791,471498 words
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Article, Illustration553 1999-12-24 6 ven sreenivasan - l-i I comment STOCKS ven sreenivasan THE Singapore stock market hit a new record high yesterday, boosted by a strong close on Wall Street where the Dow Jones and Nasdaq index closed at new highs on Wednesday. The Straits Times Index553 words
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Article, Illustration239 1999-12-24 6 Wong Wei Kong - HOT STOCK By 1 Wong Wei Kong SHARES of network integrator Datacraft Asia hit a new high yesterday, thanks mostly to another rally by technology stocks on Wall Street. The stock closed up US$l.7O or nearly 25 per cent at its intraday high239 words
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Article86 1999-12-24 6 United Kingdom London: Queen Elizabeth's Christmas broadcast to Britain and the Commonwealth Japan Tokyo: Keidanren business lobby councillors meeting. Prime Minister Keizo Obuchi, Bank of Japan governor Masaru Hayami, Finance Minister Kiichi Miyazawa, Economic Planning Agency Minister Taichi Sakaiya, Trade Minister Takashi Fukaya and86 words
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451 1999-12-24 6 Reuters (LONDON) The yen approached fouryear highs against the US dollar and all-time highs against the euro yesterday, buoyed by expectations of flows into Japanese assets in 2000. analysts and dealers said. Analysts could draw little from yesterday's moves, amid aReuters - 451 words
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Advertisement68 1999-12-24 6 r I HOME IN ON HDB'S SECOND BOND ISSUE AND x BUILD UP YOUR j INVESTMENT PORTFOLIO I 000 shatcS IPO. Shares. Bonds. 1 I cc ssi.9o pet shat 1 Stocks. Annual Reports. 1 1 1 Whatever you're offerlnq, 1 1 1 we help you reach out M t0 6#7%68 words
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Advertisement39 1999-12-24 6 Going to trade online? You need D3S investor Online Simply the best research Call 323-3955 today 881 )BSBANK ft I £■■4 1 A weekly guide to pubs and lounges, m every Friday in The New Paper Fastads. fast d39 words
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SINGAPORE news
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286 1999-12-24 7 COME January, Great Eastern Life will introduce an expert computerised underwriting system called Magnum to slash the average turnaround time for a policy application from two days to one hour. Turnaround time refers to the period in which a286 words
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Article, Illustration275 1999-12-24 7 Audrey Tan - on the economy inflation By. Audrey Tan CONSUMER prices continued to rise in November given the economic pickup. All items except housing were dearer from a year ago. Latest figures from the Department of Statistics show that the consumer price index (CPI) was upSource: Dept of Statistics - 275 words
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Article, Illustration638 1999-12-24 7 Kalpana Rashiwala, Marissa Chew - •il exclusive Both are well ahead of the pack, with Pidemco Land a distant third By Kalpana Rashiwala, Marissa Chew FOR the first time in recent years, property giants Far East Organization and the Hong Leong Group are638 words
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469 1999-12-24 7 Analysts expect it to resume operations as early as next August Reuters EXXON Mobil Corp has mothballed a nearly threeyear old aromatics plant in Singapore but the $1.1 billion venture could resume operations as early as next August, analysts said yesterday. The shutdown, theReuters - 469 words
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751 1999-12-24 7 Foo Kim Leng - MAILBOX Foo Kim Leng Senior corporate communications manager Singapore Telecommunications YOUR writer Catherine Ong in her article "Time to encourage competition, not just allow it" (BizlT, Dec 20) wrote that "the industry talks of how Sing Tel uses its rights and751 words
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152 1999-12-24 7 Terence Gan Boston, Massachusetts via Internet - Terence Gan Boston, Massachusetts via Internet I REFER to your news article "Sing Tel rebuts claims it's trying to kill off callback operator" (BT, Dec 16). I am outraged that your national telephone carrier believes that it is proper to test the quality of Anttel's services152 words
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Page 7 Advertisements
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Advertisement202 1999-12-24 7 The Straits Times Classified Where [T sellers Buy h. Sdl h. Find H. Lucky winners will be flying to Bangkok and the Pearl of the Orient at the turn of the new Millennium. Countdown To The New Millennium 24 December '99 21-31 December' 99 (Lunch only on 24 31 December202 words
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Advertisement37 1999-12-24 7 You can email us at btietterQsph.com.sg or fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.37 words
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EDITORIAL & opinion
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Article, Illustration809 1999-12-24 8 tom plate - mSEnSEMmSi OPINION tom plate The writer, a Ijos Angeles Times columnist, also teaches at the University of California, Los Angeles. E-mail: Tplate(cyucla.edu LAT-WP LETS hope Charlene Barshefsky isn't being set up to take the fall for the World Trade Organization (WTO) shamblesLAT-WP - 809 words
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Article125 1999-12-24 8 'We are not coming with any ideas of the past, only for the future.' Joao Manuel Tubal Goncalves of Banco National UUramar ino, Portugal's main overseas bank, at the opening of its new branch in Dili, East Timor. He claimed East Timor's colonial ruler had no colonial125 words
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Article580 1999-12-24 8 EDITORIAL Thailand seems to be in the grip of early election fever, now that the Chuan Leekpai government has survived the censure motion. The opposition, having lost credibility in the parliamentary jousting, is in disarray. A marathon five-day no-confidence debate aimed at unseating the government flopped580 words
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Article, Illustration1176 1999-12-24 8 Manjit Bhatia - Virgin chief believes public wants safe, cheap travel and he wants to deliver bnt there're hurdles ity Manjit Bhatia The writer is lecturer in political economy at the University of Queensland in Australia. He contributed this comment to BT FOR Qantas, Australia'sFILE PHOTO - 1,176 words
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Article, Illustration955 1999-12-24 8 Pirates punished NOW that death sentences have been imposed by a mainland court on 13 pirates who hijacked the Hongkongowned Cheung Son and murdered 23 crewmen, other gangs involved in such heinous crimes are put on notice that they, too, could pay the ultimate price for955 words
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MALAYSIA news
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MARKET moves
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Article97 1999-12-24 9 MYCOM Bhd fell on active trade yesterday following news reports that the financially-strapped group was working with the Corporate Debt Restructuring Committee to find a satisfactory solution with its creditors. Mycom said it hoped to have a resolution to its debt problems by March next97 words
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91 1999-12-24 9 INDUSTRIAL gas producer Sitt Tatt Bhd rose on the back of a weak market yesterday on market rumours of a merger with Malaysian Oxygen Bhd (MOX). MOX, which is Malaysia's largest industrial gas producer, is seeing some changes in its foreign shareholders and one91 words
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93 1999-12-24 9 Ruth Wong - Compiled by Ruth Wong INVESTORS are still selling down big capitalised stocks such as Malayan Banking Bhd (Maybank), Telekom Malaysia Bhd and Tenaga Nasional Bhd on Y2K concerns, traders said. Maybank ended 10 sen lower at RM13.10, Telekom lost 20 sen to close93 words
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493 1999-12-24 9 KUALA LUMPUR At least 4 have submitted anchor bank proposals Reuters MALAYSIA'S banks are hudin tough merger talks with prospective suitors as they race to meet an end-Jan-uary deadline to form new groupings, in an industrywide consolidation the government has ordered. Left freeReuters - 493 words
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251 1999-12-24 9 KUALA LUMPUR Reuters MALAYSIAN opposition leaders yesterday urged the new Islamic government in the state of Terengganu to open an investigation into financial losses at a steel plant owned by the national and state governments. Parliamentary opposition leader Fadzil Noor said the stateReuters - 251 words
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Article, Illustration463 1999-12-24 9 KUALA LUMPUR Fourth quarter expected to look good helped by higher crude oil prices Bloomberg, Reuters MALAYSIA'S economic growth will exceed the official forecast of 5 per cent for 2000, as state spending and interest rate cuts combine to spur businessBloomberg,; Reuters - 463 words
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289 1999-12-24 9 KUALA LUMPUR MALAYSIAN Airline System Bhd said it is not unduly worried about the Singapore Airlines and Virgin Atlantic Airways deal, the New Straits Times reported yesterday. "It's really nothing to be worried about. As far as we are concerned, the deal does289 words
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Page 9 Advertisements
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Advertisement60 1999-12-24 9 SIEMENS ijlj^ ffs«MENSS2SI hhhhhhhhhpip Fax machine. E-mail. E-banking. And e-trading. All standard features in the Siemens 525, thanks Information and to its built-in modem with infrared interface. Who needs an office? Communications Authorised Distributors: j*"S /?5L_,. Handphone rdtSHOf Tel 251 1318 T «l 337 2533 T«l Ml 8481 W 180060 words
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Advertisement10 1999-12-24 9 Branson's deals knock the wind out of Qantas, Pg 810 words
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SOUTH east asia
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Article, Illustration392 1999-12-24 10 JAKARTA If charges are true, Tanjung says a board of honour will be set np to carry ont probe Bloomberg BANK Mandiri officials allegedly bribed members of Parliament tasked with overseeing the state-owned lender's future course, said Akbar Tanjung. the house speaker.Bloomberg - 392 words
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961 1999-12-24 10 karim raslan - L"i:lud:W journal karim raslan The writer is a KL-based lawyer and writer The Eye magazine, Australia IN Phnom Penh, a young man defies the horrific ghosts of Pol Pot' reign. Being a bank officer in charge of a few thousand US dollars atThe Eye magazine,; Australia - 961 words
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Article, Illustration216 1999-12-24 10 JAKARTA AFP AROUND 8,000 workers at two Indonesian factories producing Nike shoes went on a violent rampage in protest at dragging negotiations over bonuses, a report said yesterday. The workers from the PT Astra's Shoe Industry Division in Tanggerang, west of Jakarta. on WednesdayAFP; REUTERS - 216 words
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225 1999-12-24 10 JAKARTA Reuters INDONESIA'S PT Bank Bali Tbk said yesterday German clearing house Deutsche Boerse had accumulated 296.37 million of its shares as of Dec 17, equivalent to 44.10 per cent. In a separate statement, the bank's founding shareholder PT SarijayaReuters - 225 words
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154 1999-12-24 10 BANGKOK AP THE Stock Exchange of Thailand announced yesterday that it will allow its 27 brokerage members to offer Internet trading services to investors beginning early next year. Vicharat Vichit-Vadakan. president of the exchange, said that no one has registered to be a serviceAP - 154 words
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Advertisement1216 1999-12-24 10 I I ok, THE TOKAI BANK, LIMITED (Incorporated with limited liability in Japan) Head Office: 21-24, Nishiki 3-chome, Naka-ku, Nagoya Non-consolidated Balance Sheets Non-consolidated Statements of Operations March 31,1999 and 1998 1999 1998 1999 Years Ended March 31,1999 and 1998 1999 1998 1999 Thousands Of Thousands Of Millions of Yen1,216 words
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EAST asia
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245 1999-12-24 11 SHANGHAI AP CHINESE futures traders have been ordered to give regulators printed copies of customer records to guard against Y2K computer problems, state financial newspapers said yesterday. Securities officials say their systems are ready, but are worried that problems at individual firmsAP - 245 words
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Article, Illustration519 1999-12-24 11 HONGKONG It cites recovery since Q2, forecasts GDP growth will hit 2% this year AFP, Bloomberg, AFX-Asia HONGKONG'S economy should expand strongly in 2000, buoyed by China's accession to the WTO, following a sharp rebound in 1999 as the territoryAFP,; Bloomberg,; AFX-Asia; FILE PHOTO - 519 words
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278 1999-12-24 11 SHANGHAI Country attracted USs37.lb in Jan-Nov period Bloomberg CHINA'S foreign investment inflows fell in the first 11 months of the year as the country's industries battled to adjust to changing world markets. China attracted foreign investment totalling U5537.09 biUion (5561.8 biUion) in the January-NovemberBloomberg - 278 words
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371 1999-12-24 11 SHANGHAI AFP CHINA National Petroleum Corp (CNPC), which is planning the biggest ever share float by a mainland company, said yesterday it aims to list on both the Hongkong and New York exchanges. But it has cut the amountAFP - 371 words
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SOUTH asia
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411 1999-12-24 11 BOMBAY MTNL offers unlimited access for one year at 6,000 rupees AFP INDIA'S Internet rate war intensified yesterday as stateowned telephone company Mahanagar Telephone Nigam Ltd (MTNL) undercut its rivals with the lowest rates ever. MTNL released newspaper advertisementsAFP - 411 words
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353 1999-12-24 11 NEWDELHI Nod for last two 'fast track' power projects comes after long delay Reuters. Bloomberg AFTER years of foot-drag-ging, India on Wednesday approved financial guarantees for the last two of eight "fast track" power projects proposed by the government in 1994. The Cabinet approved guaranteesReuters.; Bloomberg - 353 words
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Article, Illustration50 1999-12-24 11 [TAIPEI) The world's tallest person Nasir Ahmed Sooro of Pakistan, measuring 236.2 centimetres, standing alongside a little girl and the Taiwanese organiser of the Guinness World Records' museum in Taipei on Wednesday. Mr Nasir is in Taipei for a four-month stay on the island. AFPAFP - 50 words
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334 1999-12-24 11 COLOMBO Reuters, AFP, AP SRI Lanka stocks pared some early losses, but ended in negative territory on retail selling after the market's preferred candidate, United National Party's (UNP's) Ranil Wickremesinghe, lost in the presidential polls. Prices crashed 4 per cent in the firstReuters,; AFP,; AP - 334 words
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Pakistan business leader held for graft released
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WORLD news
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365 1999-12-24 12 REDMOND, Wash Reuters MICROSOFT Corp chief financial officer Greg Maffei, a well-regarded executive known for the conservative spin he put on the company's booming finances, has joined an exodus of young Microsoft executives to fast-growing startups. Mr Maffei will become chief executive of WorldwideReuters - 365 words
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422 1999-12-24 12 WASHINGTON Figures reinforce widely-held belief that Fed officials will raise rates early next year Reuters NEW orders for costly manufacturing goods rebounded strongly in November and Americans' incomes continued to rise, the government said yesterday in two separate reports suggestingReuters - 422 words
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Article, Illustration50 1999-12-24 12 [NAPLES] The full moon shining behind streetlamps on the seafront promenade of Naples on Wednesday night. Scientists said the millennium's last full moon appeared 14per cent larger because the earth and the sun were closer than on other days. The phenomenon last occurred on Dec 21,1866 AFPAFP - 50 words
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319 1999-12-24 12 UGENEVA It says US trade law allowing unilateral sanctions does not breach rules Reuters A WORLD Trade Organization dispute panel said on Wednesday it had rejected complaints by the 15-nation European Union against parts of the US Trade Act that allowedReuters - 319 words
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Article, Illustration229 1999-12-24 12 BERLIN Reuters FORMER British finance minister Kenneth Clarke is seen in London as a possible candidate to replace Michel Camdessus as head of the International Monetary Fund, German magazine Wirtschaftswoche reported yesterday, y Quoting unnamed sources, it said a BritonReuters; FILE PHOTO - 229 words
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248 1999-12-24 12 SEOUL AFP MAJOR semiconductor firms in Europe, Asia and the United States are discussing forming an unprecedented alliance for the development of new microchips, reports said yesterday. Representatives from the firms, which control some 80 per cent of the global semiconductorAFP - 248 words
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539 1999-12-24 12 BERLIN Move will pave way for insurers, banks to sell holdings worth USsloob Bloomberg GERMANY said it plans to drop a tax on asset sales by companies, paving the way for the likes of Allianz AG to sell stakes in industry worth aboutBloomberg - 539 words
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WORLD Watch
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80 1999-12-24 12 FT [LONDON] Merger and acquisition activity in Europe more than doubled in 1999 to US$l.2l trillion (Ss2 trillion) the largest one-year increase—as European corporations continued to forge cross-border deals with their former rivals. According to Thomson Financial Securities Data, Europe accounted for 37FT - 80 words
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Article, Illustration70 1999-12-24 12 Bloomberg [LONDON] Vodafone Air Touch set the clock ticking on its hostile US$l43 billion (*****.4 billion) bid for Mannesmann AG, making a formal offer to shareholders of the Germany's largest mobile phone company. They will have until Feb 7 to mull the offer of 53.7 VodafoneBloomberg; APP - 70 words
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Article82 1999-12-24 12 AFX-Asia [WELLINGTON! Fletcher Challenge Ltd chairman Kerry Hoggard said he has resigned from the group's board after revealing he had ordered a share trade that breached company regulations. Mr Hoggard said a trade was made in his own name after FCL's last board meeting on DecAFX-Asia - 82 words
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Article53 1999-12-24 12 Bloomberg [SEOUL] South Korea has attracted a record US$l5.2 billion (5525.2 billion) in foreign direct investment so far this year, exceeding the government's target. Foreign investment this year is expected to reach US$l5.5 billion, almost double last year's figure of US$B.B5 billion, the Ministry ofBloomberg - 53 words
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Article56 1999-12-24 12 Reuters [WASHINGTON] The FBI warned of a possible mail bomb threat and urged the US public to be alert for suspicious packages. In a statement, it said it had received "unsubstantiated" information that "individuals" may be planning to send bombs in small packages from GermanyReuters - 56 words
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Article, Illustration511 1999-12-24 13 BOSTON It may soon overtake ÜBS as world's biggest money manager Bloomberg FIDELITY Investments reached the US$l trillion (551.67 trillion) milestone in assets, as surging stock markets and its own investment prowess have added more than US$5OO billion in money under managementBloomberg; Source: Bloomberg - 511 words
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Article, Illustration374 1999-12-24 13 NEW YORK Reuters AMERICA Online Inc on Wednesday said it will buy Map Quest.com Inc, an online map company, in an all-stock deal valued at about US$l.l biUion (Ssl.B biUion) that bolsters the world's largest Internet services company's push intoReuters - 374 words
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418 1999-12-24 13 BOISE, Idaho After two qtrs of losses, it posts Q1 net income of USs34l.3m Bloomberg MICRON Technology Inc, the biggest US maker of comput-er-memory chips, had a fiscal first-quarter profit after two money-losing quarters as personal computer makers bought more of its chips atBloomberg - 418 words
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231 1999-12-24 13 WELLINGTON Reuters NEW Zealand returned to economic growth with a roar in the September quarter, recording a 15-year high in quarter-on-quarter GDP growth of 2.3 per cent, figures released by Statistics New Zealand (SNZ) showed yesterday. The figure was right atReuters - 231 words
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Article, Illustration76 1999-12-24 13 AFP [LONDON] Cynthia, who stirs as well as she shakes, serving up the perfect cocktail in what is claimed to be the world's first robotic bar and restaurant, late on Wednesday in London. Lurking in a blindingly shiny hi-tech basement in London's Tooley Street,AFP - 76 words
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Article, Illustration488 1999-12-24 13 NEW YORK Reuters A Y2K-INSPIRED surge in demand for liquid assets has prompted the Federal Reserve to add more than twice the reserves to the banking system for this year-end than it did last year, economists said on Wednesday. While someReuters - 488 words
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414 1999-12-24 13 WASHINGTON Reuters THE Federal Communications Commission on Wednesday approved Bell Atlantic Corp's bid to offer long distance telephone service in New York, marking the first time since the 1984 break-up of AT&T that a "Baby Bell" was allowed to offer distantReuters - 414 words
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Advertisement10 1999-12-24 12 I TODAY 14. I llanhe laobao /fafc£f—' p=j m mm10 words
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Advertisement9 1999-12-24 13 Wakef p Thi-HlnUlKTlny» Start your job search early. Read9 words
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Advertisement213 1999-12-24 13 J/Umk Streeters Restaurants. Wine Bar 1 Spanish Cuiminm Ha Aperitif af Qafaata Shiny ii I fltft Matadar beet Meeeefeeec In Eaai la Via Anaafaac, tanad ia a fiats Mitkar beet J j (teeaGlttoadiW (Tte oldest Spirit of to mild, the Me is sanarf cMad? I i Pescatfo a la Vases213 words
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Page 14 Advertisements
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Advertisement911 1999-12-24 14 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I SINGAPORE WIRELESS COMMUNICATIONS PTE I.TI) (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OE FINAL MEETING NOTICE IS HEREBY (iIVKN pursuant lo Section VW of the Companies Act. Cap Ml that the final meeting til the members ol" the above-mentioned company will911 words
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Advertisement721 1999-12-24 14 THE COMPANIES ACT, CHAPTER SO Section 290(2)(b) NOTICE OF RESOLUTION CHIUCHOW GARDEN RESTAURANTS PTE LTD (In Members' Voluntary Liquidation) At on Extraordinary General Meeting of ChiuChow Garden Restaurants Pte ltd held al 78 Shenton Way, *30-02, Singapore *****0 on the 16th day of December 1999 the following special resolutions were721 words
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Advertisement750 1999-12-24 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PAN PACIFIC TRANS-SERVICE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS Al an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 30 Cecil Street #23-05/08, Prudential Tower, Singapore750 words
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Advertisement1071 1999-12-24 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WELLCOME SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company held at 150 Beach Road #21-00 Gateway West. Singapore *****01,071 words
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Advertisement1087 1999-12-24 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OP FANUC GE AUTOMATION SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS Al an Extraordinary General Meeting of the members ol the abovenamed Company duly convened and held at 16 Raffles Quay #22-00, Hong Leong1,087 words
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Advertisement962 1999-12-24 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OILTOOLS ENGINEERING SERVICES PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting ol the Company held at 11 Coilyer Quay #09 01. The Arcade.962 words
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Advertisement979 1999-12-24 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DDK ELECTRONICS SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2Hb)] At an Extraordinary General Meeting of the Company held at 460 Alexandra Road #22-03 PSA Building. Singapore979 words
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Advertisement938 1999-12-24 14 In (he Matlrr of TTlt Companies Act (Chapter SUI and In the Matter of Eltin Investment B.V. (Incorporated in the Netherlands) I In Members' Voluntary liquidation) Notice is hereby given that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 24 January938 words
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FINANCE & commodities
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283 1999-12-24 15 Daphne Tay, Jardine Fleming - SGX Derivatives Tradlngßeports influx Daphne Tay, Jardine Fleming THE Singapore stock market continued its climb to end at a new year-high yesterday. Turnover was moderate on light institutional participation and ongoing concerns over the Y2K issue. DBS Group Holdings and selected electronics283 words
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248 1999-12-24 15 Matthew DeBleyker Refco Singapore - MSCI Taiwan futures Matthew DeBleyker Refco Singapore SIMEX MSCI Taiwan Stock Index Futures yesterday rose 2.5 points or 0.69 per cent to 364.0 while the underlying MSCI cash index gained 4.28 points or 1.19 per cent to 365.43. Taiwan equities rose for a248 words
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157 1999-12-24 15 ENERGY REPORT Bloomberg [LONDON] Crude oil was little changed yesterday as traders closed contract positions ahead of the end-of-year holiday. "Today is really the last day before Christmas," said Tim Noest, a trader at ADM Investor Services International Ltd. "People are pooling profits aheadBloomberg - 157 words
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300 1999-12-24 15 Reuters [LONDON] Industry buying helped cocoa recover after it sank to new lows yesterday, depressed by follow-through speculative selling after New York's sharply lower close, traders and analysts said. At 1130 GMT, March cocoa stood at £554 a tonne, down three fromReuters - 300 words
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Article, Illustration1247 1999-12-24 15 mTERBAMK CROSS RATES l)ec23 A$ CS Bmt Euro Ffr Dm HKS Ind »S tiipMi Yen Won BM MZ$ Pafc Bi Peso S$ »Md Sfr MT$ BUt UK US$ Australia 0.950 6.178 0.638 4184 1.247 5.003 27.998 45.649 0.654 7.279 2.447 1.249 33.377 26.018 1.072 3.956 *****0.349 24.177 0.400 0.644 Canada1,247 words
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Article1898 1999-12-24 15 SICOM FUTURES Dec 23 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACT (5 ctntsAg) Close Volume Open Month High Low Sett (tomes) Interest Jan 00 106.00 Feb 00 107.75 107.75 107.50 300 900 Mar 00 110.50 100 Apr/Jun 00 117.00 RSS 3 CONTRACT (US cwrtsAg) Volume Open Month High Low1,898 words
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STOCKS east asia
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Article, Illustration2808 1999-12-24 16 HONGKONG AFP Q Hang Seng +103.68 HONGKONG share prices rose 0.6 per cent yesterday on selective buying of technolo-gy-related stocks ahead of the Christmas holidays, dealers said. "The market is quite firm with trading focused on tech-nology-related stocks," said Howard Gorges, vice-presi-dent atAFP - 2,808 words
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Article383 1999-12-24 16 AFP QWP Index +80.73 TAIWAN share prices closed one per cent higher yesterday amid optimism about the economic outlook for next year, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 80.73 points to 8,083.49 on turnover of NT5133.86 billion. Continuing heavy buying by foreign investors reinforced localAFP - 383 words
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Article, Illustration1018 1999-12-24 16 Reuters Fl Shenzhen B Index +0.41 SHENZHEN'S hard currency B shares closed slightly higher yesterday, aided by hopes that China may set up special mutual funds for domestic investment in B shares, brokers said. The B share index added 0.41 point, or 0.52 per cent, to 80.76 as turnoverReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 1,018 words
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Page 16 Advertisements
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Advertisement51 1999-12-24 16 the paper that made The Tokyo market was closed yesterday BUY* SELL* FIND,/ Classified ads make vacation hunting relaxing. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 L l FREE 1800-737-1166 CAT A Coll Today For Results Tomorrow. 151 words
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STOCKS klse
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Article, Illustration435 1999-12-24 17 AFP Q Composite Index j^B6 MALAYSIAN shares ended 0.7 per cent lower yesterday on continued profit-taking ahead of the year-end, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 5.86 points to finish at 782.05 and the Second Board Index slipped 0.58 point toAFP - 435 words
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Article8826 1999-12-24 17 INDUSTRIALS Consumer products 1W9 Last Vol Day Nat Cap High Low Company Sale 'OOP High Low P/l Smll 440 255 Ajinomoto 320 20.3 1297 174 46 Angkas* 09 uoch 25 90 89 131.2 404 220 Apollo Food Hlg 348 8 1 348 348 8.3 13* 2 3200 2140 BAT 50c8,826 words
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Page 17 Advertisements
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Advertisement14 1999-12-24 17 fIRMV Photo essay a creative way to recruit the right talents. i Bo o-74i-iBB314 words
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SGX clob & regional stocks
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Article3404 1999-12-24 18 BONDS A WARRANTS Dec 23 VI Ml M ktfry U fHt Lest M Bay mn»m »H Cae» Liar Mac Mtka m«k lew SIM Caapaay t* ««r- COM) N* lew *eyer MMr Met (w*i| Me Mn 1*1 UN 104 10.5 s 3160 "Acer W*****1 USS...... .740 unch 7 40 40 403,404 words
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Article314 1999-12-24 18 AFP PI Composite Index +(L 33 THE Korea Stock Exchange Composite Index yesterday closed up 6.33 points at 974.16. Volume was 295 million shares worth 4.57 trillion won. AFP Dx 23 «N» »jh Anam Semi ***** -550 Br am Tech 1800 -95 Central Bank 2020 10 Cheil Comm *****AFP - 314 words
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Article287 1999-12-24 18 AFP Q Manila +22.77 PHILIPPINE share prices closed 1.1 per cent higher yesterday on end-of-year win-dow-dressing and positioning in key issues, brokers said. The Composite Index added 22.77 points to close at 2,085.58. Volume totalled 3.5 billion shares worth 14.38 billion pesos.—AFP 0«23 Paw 000) MRC Allied 0.65 0.03AFP - 287 words
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Article280 1999-12-24 18 AFP Wellington *123 NEW Zealand stocks edged up just 0.1 per cent yesterday, weighed down by Fletcher Challenge Ltd shares after the surprise resignation of its chairman left the bourse in a pre-Christmas torpor. The NZSE-40 rose 2.23 points to 2,207.55 on turnover of NZ$lO7 million. AFP 0*23 USAFP - 280 words
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Article598 1999-12-24 18 AFP fl AH Ordinaries -219 AUSTRALIAN share prices fell 0.8 per cent yesterday as banks, media and leisure stocks retreated in a thinner market, brokers said. The All Ordinaries Index finished 23.9 points lower at 3,117.50. The All Industrials Index dropped 52.4 points to 5,345.30, while the All ResourcesAFP - 598 words
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Article, Illustration794 1999-12-24 18 AFP H SET Index +2.75 THAI share prices closed 0.6 per cent higher yesterday as financial and communications stocks recovered from early losses amid a positive market outlook for next year, dealers said. The benchmark Stock Exchange of Thailand Index gained 2.75 points to close at 461.18. Volume wasAFP - 794 words
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Article, Illustration714 1999-12-24 18 AFP F1 Composite Index +5.08 INDONESIAN share prices closed 0.8 per cent higher yesterday amid continuing yearend window-dressing in sec-ond-liners, dealers said. A dealer with a state brokerage said that apart from the activity in second-liners, Lippo group shares such as Lippo Life, Lippo Securities and Matahari were alsoAFP - 714 words
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Page 18 Advertisements
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Article9011 1999-12-24 19 ■rfMBRMMBB® SHPAKft <* *Mf9m trti MAIN BOARD Transaction date: Dec 23 C t Or M Wt 52-Wk Last Vol Day Last OuoU Oiv Olv Yia N.t Cap Avq High Law StNo company Sale COOO) hi*i La» Bwyar ta>er Or Ptt >■ WW MULTI-INDUSTRY 182 17.5 m c 10009,011 words
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Page 19 Advertisements
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Advertisement42 1999-12-24 19 Safe Oeposit Boies UIQ Wj|| f *****102 1 Vessel Loan Factoring I Ang Mo Kio Tel: 458 4222/4333 Beach Road Tel: 292 1459/1 810 BeJofc Tel: 445 8011/8255 Bukit Umah Tel: 487 1918/1918 East Coast Tel: 848 8282/8288 Serangoon Tel: 288 8800/885542 words
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ASIAN steel outlook
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1234 1999-12-24 20 Brian Gomez - Experts caution that region could take 8 years to regain record steel consumption levels of 1996 From Brian Gomez in Penarig WITH Asia's troubled economies on the mend, South-east Asia's steel makers were dismayed to hear industry experts warn that the region1,234 words
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Article, Illustration898 1999-12-24 20 China has the biggest sector, S Korea the best, Taiwan, India are the other stars IN Asia's steel firmament, four bright stars have emerged. China has established itself as the biggest and South Korea arguably is the best, with Taiwan and aFILE PHOTO - 898 words
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Page 20 Advertisements
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Advertisement27 1999-12-24 20 2000 LadiesNiTE '1 j«n| TYLCUS/ IP(Mt\p rMA7|iy happenings, check out cy l,ra 7y/ After 5 The New Paper M M ll^a& l n u As 0 127 words
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EXECUTIVE Lifestyle
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Article, Illustration803 1999-12-24 21 jaime ee - RTaathecuTr jaime ee as I count the V number of times places on my anatomy where I have been violated by ill indiscriminate shoppers in tight aisles, I wonder: could Jesus Christ be somewhere up there, cocking a heavenly eyebrow in bemusement803 words
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PEOPLE AT CHRISTMAS
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Article, Illustration718 1999-12-24 22 Parvathi Nayar - RICHARD HELPER By) Parvathi Nayar ONE of the ways Richard Heifer, president and chief executive officer of Raffles Holdings Ltd, really gets into the Christmas spirit is by re-reading his favourite Christmas story, A Christmas Carol. "Charles Dickens probably does one ofCHRIS LOH - 718 words
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Article, Illustration578 1999-12-24 22 Joanna Lim - YYWOra By, Joanna Lim WITH only a week left to the once-in-a-millennium event, most executives will use the "last Christmas" excuse to jump-start celebrations with partying and making merry. Not for Y Y Wong though. To the founder and chairman of Wywy Pte Ltd, Christmas still remains aCHRIS LOH - 578 words
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STRAWS In The Wind
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Article80 1999-12-24 22 YES, VIRGINIA, this can only happen in Singapore. A librarian at the National Library received this unusual phone enquiry recently: "Hallo, can I have the address for Santa Claus?" After some hesitation, the librarian searched the Net, and was able to provide him with an address80 words
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Article57 1999-12-24 22 WE RECEIVED a fax with the bold words "Stolen Recipe" on the cover sheet. Thinking it was some poor old lady who got conned out of her grandmother's recipe, the fax instead went on to talk about Christmas and presents and food. It turned out to be a57 words
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Article59 1999-12-24 22 THE THINGS some radio deejays say on air. While talking about people who give other people the cold shoulder, one particularly outspoken one remarked: "The next time someone gives you the cold shoulder, you should give him the finger! Don't let them get away with it!"59 words
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Article, Illustration545 1999-12-24 22 Joanna Lim - SDSAXUM liy, Joanna Lim POR Susan Lim, who heads Susan Lim Surgery at Gleneagles Medical Centre, this last Christmas of the millennium is a first in quite a number of ways. "Christmas is a very special time of the year for me. It is the timePHOTO BY CHRIS LOH - 545 words
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Article, Illustration791 1999-12-24 23 Tan Su Yen - ttuw JEM AIMS By 1 Tan Su Yen At work, Christmas, for Huw Jenkins, general manager, Cold Storage, is a happy hive of activity as shoppers clamour for more turkey, ham and other festive goodies. But ask him what Christmas means to him and he takes you backCHRIS LOH - 791 words
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Article, Illustration656 1999-12-24 23 Jaime Ee - TAMO WEB SDMO By, Jaime Ee CHRISTMAS for Tang Wee Sung is not reindeer, snow or fat men in silly red suits going "ho ho ho". It's only natural, then, that the chairman and CEO of CK Tang Ltd and fourth generation Christian is656 words
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Article, Illustration549 1999-12-24 23 Parvathi Nayar - RUBTSOS By Parvathi Nayar ARCHITECT and interior designer Ruby Soh of Tema Colleciones is surrounded by gifts in boxes, bright wrapping paper, and red and green ribbons. She deftly creates mysterious packages just waiting to be ripped open as we talk about the meaning ofCHRIS LOH - 549 words
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ENTERTAINMENT
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Article, Illustration647 1999-12-24 24 Susan Tsang - CINEMA Doable Jeopardy has a good director and an interesting cast, but is let down by a very mediocre script Ity I Susan Tsang THIS movie boasts some tremendous filmmaking talent. There is Oscar-win-ner Tommy Lee Jones, pretty Ashley Judd and Canadian actor Ron Greenwood, whose sensitive647 words
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Article, Illustration547 1999-12-24 24 Parvathi Nayar - CINEMA That's the challenge facing the gnests who get invited to a party at the House On Haunted Hill Ity] Parvathi Nayar APPROPRIATELY or otherwise, the pre-millennial year feels like the Year of the Horror Film. One of its final offerings is a remake of fear meister547 words
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Article, Illustration786 1999-12-24 25 Alegria Romance and joy take place within the Cirque du Soleil. Orchard. An Ideal Husband A 19th century rake (Rupert Everett) helps his blackmailed friend in this adaptation of Oscar Wilde's play. Cathay. Anna And The King Jodie Foster plays the Englishwoman who teaches King Mongkut's family in 1862.786 words
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Article116 1999-12-24 25 Cathay Org Cathay 338-3400 Eastshore 34& 1816 Orchard 236-8386 PicturehouM 338-3400 Yanota 223-7529 ■ng Wah Empress 777-5867 Jublk*454-1640 Mandarin 292-9401 Marina 338-9719 mtoarnto 585-1782 Qoldan Village 1900-912-1234 332-6098 for group bookings A wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tlong Bahru Yishun Clementl/Co'wealth 777-0669 Golden/New Town116 words
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PERSONAL INVESTMENT
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Article, Illustration664 1999-12-24 26 ANDREW HTTCHINGS - Consumption is up and liquidity back in Asia amdrew hxtchxmgs stays optimistic ANDREW HTTCHINGS The writer is managing director, Morley Fund Management (Singapore). a CGU Group company IT'S an awkward time to be making predictions as we move towards the end of the year, with Y2K worriesFILE PHOTOS - 664 words
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Article, Illustration895 1999-12-24 26 Robert Halili - inside n?rrrc rasa Bays in Pacific Century, Elec Eltek, ST Rnfi selling in Creative By\ Robert Halili The writer is director of Asian Ownership Research at Primark SENTIMENT remained surprisingly bullish in the run-up to the Christmas holidays. Directors and substantial shareholders acquired a combined $22.29Source: Primark ITA - 895 words
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844 1999-12-24 26 I^ii»-Hidea First Capital Corp (Singapore) First Capital Corp (FCC) stock has tumbled 25 per cent in the last six months. But IDEAglobal.com thinks it looks set to head higher, as FCC benefits from the local economic recovery. The property developer said on Tuesday that844 words
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PERSONAL FINANCE
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Article, Illustration667 1999-12-24 27 wong wei kong - YOUR MONEY Business is buoyant and it looks like some retail money has stopped going the speculative way and into a slew of new funds wong wei kong FOR some unit trust managers in Singapore, this is going to be one merry Christmas. Business has667 words
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Article, Illustration1319 1999-12-24 27 Quality overseas education is expensive; hence the need to start saving early DISCERNING parents strive to give their children the best possible opportunities to succeed in life, and provide them with the tools they need to become successful and happy adults. The search for the bestFILE PHOTO - 1,319 words
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1375 1999-12-24 27 Deposit amount 1-mth 3-mlh 6-mth Deposit amount 1-mth 3-mth 6-mth DBS Bank HSBC AS A$ S10 000 A24 999 4 9000 5 0600 5 2500 25.000 74.999 4 4375 4 5625 4 9375 A25.000 A49 999 4 92001,375 words
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Page 21 Advertisements
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Advertisement13 1999-12-24 21 What will they be doing this Christmas? Find out on EL2 and EL313 words
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Page 22 Advertisements
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Advertisement5 1999-12-24 22 TIU'IBIKINESbTIMES C l|f|VVQ Shipping Times5 words
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Page 22 Miscellaneous
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Miscellaneous277 1999-12-24 22 CRYPTIC CROSSWORD 1 Jeers at private accommoda- Lv |hJ Lm LnJ M 6 Walks round sleeping police- Mil man in a back street (6) Couple taken for a 10 Embassy sends soldiers back into army unit (8) Mff |H| 11 He tucked into fruit, the pig! JHL_IH 12 The best277 words
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Page 23 Advertisements
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Advertisement92 1999-12-24 23 H' Jolmnn St muss Jr's (Die (FCecCermaus operatic comedy snihj b\ a cast of internationally acclaimed artistes. SIIII li 111 (I 0 I 111 .1 I) Willi I II lls ll I)I.1ID L! II C .i n J I nulls h (lii nc so siipc r i i i lc92 words
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Page 24 Advertisements
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Advertisement274 1999-12-24 24 II J* presmed Diners Club Diners Club Credit Card MfiMMil Where 10 dine {illd entertftin*## internaliomr .off er j„g the lowest interest rate in town 290 4545 IPS! \j§ Opening hours: 1 l.O&im lam Daily happy hours: 5.00pm B.oopm (all house pour drinks at Sss+++) Pianist Performance hours: 6pm 9pm274 words
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Advertisement166 1999-12-24 24 available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL UMITEO 22 Orchard Road/Cavenagh Road, Singapore *****7 Tel: 737 9944 Fax: 733 3175 <0 M».U.U!WJ.WjIJIJ.IIUI:LJ.UJIJJ| ?U the 5 M Hr £11 m town Hi— zQ n < OR H-n (OH TRADITIONAL §|0 X km 6166 words
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Advertisement246 1999-12-24 24 Local Hi-Tea with over 60 varieties to Mvour Complimentary free flow of soya bean milk, coffee and tea Saturday* Ct Sunday* Adult $14.80-1-4-4 Child $10.S0+++ Public Htlidayt Adult $16.t0m Child $12.80+++ "C.V hNWUMkIMM Available every Saturday, Sunday Public Holiday 12.00 4.00 pm For reservations, please call 4J) 12)2 Cafe Excelsior246 words
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Advertisement302 1999-12-24 24 The best Christmas parties start at the Grand Plaza Parkroyal. St Gregory's Brasserie (24 Dec) Candlelight International Buffet with Seafood Barbecue Dinner. 555 (Adult), $33 (Child) Hua Yuen Chinese Restaurant (24 8C 25 Dec) A delicious choice of three special set menus awaits you at $528, $628 and $728 per302 words
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Advertisement175 1999-12-24 24 M A&A AKIN N I N < I' K I ftllmristmas 25 December 1999 llariM© 3pm ManSSin Ballroom V (6th flobr, South Tower) KJ Adutf $53 nett Child under 10 years: $32 nett Reservations: 831-6288 ;i|Hf* KUlgnnwl 'Spgdovls 11 sf December, IT7I. En|oy a sumptuous dinner at Won Hao or175 words
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Page 25 Miscellaneous
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Miscellaneous2042 1999-12-24 25 TODAY'S TV PpAmiAreia 1.00 PM Headline News RECOMMENDED VIEWDVG 1.03 In Conversation Yu3.00 PM TV Innovations. ri Gorbachev. A hnmo Davis Jr in his last role. 400 Kidz Blitz: L3O snow People, i-v IlUIIlt? IUI 2.00 News 4Vi/-v V*r\lirlo*ro v I 500 Christmas Special. 5.30 Asian Market Report. tne nolldays2,042 words
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Page 26 Advertisements
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Advertisement11 1999-12-24 26 ft exclusively from u J IDEAglobal.com, Jw see Web site ideaglobal.com11 words
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EXECUTIVE money
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Article, Illustration1655 1999-12-24 28 GENEVIEVE CUA; WONG WEI KONG, KALPANA RASHIWALA; VEN SREENIVASAN - The year—or rather, the century—is drawing to a close, and there's no better time than now to take stock of how well your investments have fared. Here, GENEVIEVE CUA, WONG WEI KONG, KALPANA RASHIWALA and VEN SREENIVASAN take a broad look at the various assets you're likely to1,655 words
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SHIPPING TIMES
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Article281 1999-12-24 29 Bridge News, Reuters ALL of the Baltic indices posted losses as chartering activity continued to wind down ahead of the Christmas holiday period, brokers said. The Baltic Dry Index (BDI) fell five points to 1,324, the Baltic Panamax Index lost six points to 1,214, the Baltic Handy IndexBridge News,; Reuters - 281 words
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Article309 1999-12-24 29 SES '000 ma si gj CWT DistritHitioo 1.20 unch 13 Chuan Hup 0.40 unch MOO Cosco investment 1.10 unch 64 Freight Links 0.29 0.01 393 GB Holdings 0.65 0.02 13 Hai Sun Hup -.0.79 0.02 315 IMC Hokflngs-HK 5.60 unch 0 Jay* Holdings 1.13 0.02 112 Jurong Shipyard309 words
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Article, Illustration359 1999-12-24 29 Ann Toh - Partners, together with 3 other firms, will operate existing container depot in Dalian By. Ann Toh [SINGAPORE] PSA Corp will enter into its fourth joint venture with the Port of Dalian Authority (PDA) today, to operate an existing container depot outside359 words
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Article, Illustration89 1999-12-24 29 [ST PETERSBURG, Florida] The Russian submarine BC U4B4sits in the harbour in St Petersburg, Florida. Project 651 was ordered by the Soviet Navy at the end of the *****. She was built as an effective, nuclear-strike weapon against the United States. The Juliett class had four nuclearREUTERS. - 89 words
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449 1999-12-24 29 Passengers were returning home for Christmas Reuters [MANILA] Nearly 470 people were missing hours after a Philippine passenger ship packed with men, women and children returning home for Christmas sank early yesterday, highlighting once more the poor state of the ferry industry here. A massiveReuters - 449 words
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273 1999-12-24 29 [SINGAPORE] The Dubai Port Authority and Malaysia's Port of Tanjung Pelepas (PTP) are in talks to forge a business partnership. During a visit to Johor port earlier this week, Dubai Port Authority chairman and managing director Sultan Sulayem said that Dubai's experience273 words
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474 1999-12-24 29 Rajendra Bajpai - From. Rajendra Bajpai in New Delhi SEVERAL big names in the global shipping business are reported to be eyeing a stake in the Shipping Corporation of India (SCI), India's national carrier. The Indian government, which owns 80 per cent of the474 words
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ADMIRALTY casebook
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Article, Illustration895 1999-12-24 30 Selva Kumar - UK judge holds that 'paramount clause' or 'clause paramount' refers to the Hague Rules, not the Hague-Visby Rules Ry Selva Kumar AcharterparTY which incorporates the "paramount clause", or "clause paramount" gives effect to the Hague Rules and not the Hague-Visby Rules, an English court hasFILE PHOTO - 895 words
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Article293 1999-12-24 30 PACE ECl 4 ANL 3 ECU Line 6 Accord 8 ESP Lines 13 Adrenkiel 14 *»"Pe« Appenship 5 foongSon 8 AsiaOCL 13 Frt Links M Austral 8 G Avant 14 Gemar1rans 6 B'tang Mas 8 j Global 13 BTL 14 Glory Hav 14 Balaji Shpg 5 Ha,SuflHup293 words
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Article20124 1999-12-24 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number I To ABIDJAN (ABJ) 2003 Cote D'lvoire To CALCUTTA (CCU) 2062 India < 3VK 12/02 ZIM/Seth ZIM EILATI 8W 65-*****12 31/1220,124 words
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SHIPS IN PORT
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Article673 1999-12-24 43 Vessel Voy No Berth Arrival Departure Rachmanuel I 21/99 J03 23/12/4:00 24/12/12:00 Spc CapfKor *****9 J12 23/12/8:20 23/12/19:00 Gill 203 60S* 317 23/12/7:40 23/12/23:59 PutrmandaM *****9 Jtt 23/12/8:35 23/12/15:00 Tq Johor 18 V921R J15 23/12/8:55 23/12/19:00 Smarcentral 14/99 J03 23/12/8:45 24/12/18:00 Hmj Prwrwm 0I499P J13 23/12/9:30 27/12/700 Bt673 words
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Article1971 1999-12-24 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Pfflod Fw Ti Fw ACl COUTH A1904* 2J/I9J0 II 22/MO 22/H59 22/1900 2A 22/1700 23/0659 21/0*00 AlAIUAVA 2 MM 24/7:00 22M0 22/H59 22/MO 2A 22/1700 23/0659 23/0900 21 22/1700 23/0659 23/0900 J 21/0700 21/11591,971 words
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Article218 1999-12-24 43 Dec 28 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Deo 26 Australia: Boxing Day. Canada: Boxing Day. Denmark: Boxing Day.ltaly: St Stephen's Day. Deo218 words
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Article808 1999-12-24 43 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change and808 words
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Article513 1999-12-24 43 Carton 180 Mai 992.1 2.3 18.1 0.09 68 0.09 iw DMMttv Watir Residue Ash Aluminium Stdlntnt No above E25 6 1 21 '7,' 380 Ave 903.8 0.5 12.4 0.06 32 0.02 *112 380 MM 990.7 14 1S.3 0.08 67 0.04 «WW3 »M/M —tux No above C35513 words
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AIR & LAND transport
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Article, Illustration564 1999-12-24 44 Seoul bars Korean carrier from opening new international routes for 6 months Reuters [SEOUL] Korean Air Lines Co was banned yesterday from opening new international routes and the government vowed to probe its operations after the carrier lost anotherReuters; AFP - 564 words
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Article, Illustration60 1999-12-24 44 [ROMULUS, Michigan] Metro Airport police officer Dean Pigott and Brent, an explosives sniffing German Shepherd for Metro Airport Police, checks unclaimed baggage for explosives at Detroit Metropolitan Airport in Romulus, Michigan. Security measures in Michigan, which borders Canada, have been increased at border crossings and airports, asAPP - 60 words
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Article, Illustration311 1999-12-24 44 AFP [BERLIN] German Transport Minister Reinhard Klimmt said that it would be feasible for foreign investors to help finance the vastly expensive and highly controversial high-speed magnetic rail project, Transrapid. In an interview with the daily Die Welt, Mr KlimmtAFP; FILE PHOTO - 311 words
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Article, Illustration410 1999-12-24 44 Reuters [SEATTLE) Aerospace giant Boeing, putting more names to the unidentified orders it announced last week, said that two aircraft leasing companies had placed orders for up to 107 jetliners. Boeing last week announced 163 orders from unidentified customers,Reuters; FILE PHOTO - 410 words
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Article113 1999-12-24 44 AFX-Asia [TAIPEI] China Airlines Co Ltd major shareholder China Aviation Development Foundation has decided to extend its deadline for selling a 36 per cent stake in the company by two months from the originally set Dec 22, the Commercial Times reported, citing sources. Given theAFX-Asia - 113 words
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Article1950 1999-12-24 44 CITY FLIGHT ETA FLIGHT ETC U4587 2359 MaM* AN8230 1905 AH8229 2230 1 SO2008 2359 IH6381 1905 LH6380 2230 FMM ***** 1750 S0990 0125 "W S0229 2230 flHlUll S0S03 1M0 C2354 0910 Aaotrrtoa GA975 1210 KL0844 0130 (2351 2045 SOW MB KL0637 1535 KL0638 2335 H*hI1,950 words
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Advertisement42 1999-12-24 29 Admiralty Casebook: When the Hague Rules apply Pagez KAL slapped with new ban after cargo Jet crash in UK Backpage SHIPPING TIMES ls)oufdl3iJte I CR,eacfers jj j 1 Cftcfu erlis ers f Cfl joyous I Uhnstmas dc Ji I I j ylCiffennium!42 words
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Advertisement91 1999-12-24 30 TO ALL OUR VALUED CUSTOMERS BUSINESS ASSOCIATES SEASONS GREETINGS BEST WISHES FOR THE NEW MILLENNIUM from the management STAFF of NYK LINE (ASIA) PTE LTD SENLIM AGENCIES PTE. LTD. 133, New Bridge Road, *06-09, Chinatown Point A Spore *****3. T* *****00 MMH Fax: *****04 Telex: RS ***** SENLIM WEEKLY REGULAR91 words
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Advertisement86 1999-12-24 30 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL PtSTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW PORTS Mono Kong All China Porta lEVEHV TMUW M. «i. M YBtflU VtSSIL VQY HP SIN ETA TYO ETA KOI ETA TOK ETA NGO ETA OSA MED86 words
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Advertisement678 1999-12-24 30 Lines services represented by Members of the Registry of \tyßzMjJ Accredited Shipping Agents. S'pQfe National Shipping Assoc. /MBk U Members of the kUURJ Singapore Freight Forwarders Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTLE MV "TBN" ETA SIN 23/01/2000 BOOKINGS CALL MONKA/JUUA TEL 323 4374 CONTAINERS/678 words
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Advertisement1089 1999-12-24 31 —V a TO EUROPE FROM EUROPE Ivasa voy s<w irrw urn ham »«v sou fxt ibi~ Ivtssa vor rnw mt ham wv hxj fit l» s* HYGOOAI 322W 27/12 13/01 15/01 11/0112/01 HYDUU *****2/12 04/12 07/12 01/12 25/12 EIM 557W 30/12 22/01 11/01 20/01 17/01 TYNI 5311 05/12 07/12 10/121,089 words
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Advertisement2059 1999-12-24 31 OHANJIN SHIPPING likPi ilbMy*U> -Mb *****30 HANJIN SHIPPING (S) ffl LTD hop /hm <m WOKING ********** SAIES *****74 731 DOCUMENT *****71 774 OPEUnONS *****»75t MAM LINE *****55 HI 7779H0 OHO U*****0000M TO NW USA A CANADA USA CANADA* K* VSI/VOY MM SM UNEHAIA/VOY sDTI THi IDM W Hoi MSP Rf2,059 words
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Advertisement400 1999-12-24 31 E£ISE£IBI^HQBB!SOI&H TtSSH. *OT_ _SM_ PI6 fflf Sl* Htt CI USW PUS BSB y OT ISW I PK6 1 I KUOUI L "VP' Ml 07/01 01 All ISSrnlmimc ins I 02$1 04$ ISl( uSS II7S l^llOXqij UffCaSAN 1175 01/01 07/01 01/01 11/01 11/01 ItMK HONMON6 0001S I M/ 01 I 11/ttl400 words
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Advertisement1516 1999-12-24 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtSSfL VOY S» I IfH I HTM IMR HAM 188 V I FIX I VtSStL VOT Ml CH SK FOS W.C MTB TBAOf ETtRMITY 0024* 27 12 11(1 It 01 1601 17 01 11(1 LONOON SENATOR 0942* 23 12 01 >1 1101 1101 IS1,516 words
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Advertisement965 1999-12-24 32 l*Aa MAC-NELS S'PORC M'Slfl I rTTTTT-l Carrier MN CONTR UNES, INC P. GUDANG: (07) *****26 I I ~JV/ J Cm MOi **********0 C StBU: (004)*****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****46 KIIOMNG (062) *****1-3 MANILA JAKARTA MV965 words
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Advertisement663 1999-12-24 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vassal S PORE N. SHEVA COLOMBO P KLANC CAPE CANAVERAL VII6W 27 OEC 05 JAN M JAN 15 JAN TULSIOAS Vlll 02 JAN 12 JAN 11 JAN 22 JAN TARPON SILVER V 109W 10 JAN 19 JAN 23 JAN 20JAN CAPE CANAVERAL VII7W 10 JAN663 words
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Advertisement1874 1999-12-24 33 [vessel vov khh hkg sin pko pqb dxb dmm ba bik IRAN TEYFOURI PCL-133 15/12 17/12 21/12 22/12 31/12 01/01 02/01 04/01 06/01 IRAN TAKHTt PCL-001 22/12 24/12 28/12 29/12 07/01 08/01 09/01 11/01 13/01 IRAN BAABAEI PCL-135 29/12 31/12 04/01 05/01 14/01 15/01 16/01 18/01 20/01 IRANSEESTAN PCL-136 05/011,874 words
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Advertisement1134 1999-12-24 33 W.i.F. 20 DEC 99 EVERY MONDAY 1 TO LONOBIACH -19 DAYS I YO OAKIAMD 11 DAYS J I GENERAL AGENTS IN 80 RORINSON RD TEL 226 1900 FAX: *****0S OUTWARD (l/L) I COSTAR SNIPPING PTE LTD #12-00 SAUS/KKGS *****57/43 INWARD DEPT ID/O) *****85 COSTAR AGENCIES (M) SON BND |C» NO:1,134 words
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Advertisement861 1999-12-24 33 Europe EXFttss service EXPORT I IMPOST Ivor SI ItH KTW AH HAM IHV FU VtSSft VQT 1 ill I hMI |uj| tflt Ml ktanm cam«s to i not nmw. mbihw mncam, st wtbsjmk; wwiii mhwbt vm rw TRANSPACIFIC SERVICE 7 EXPORT «A%»K>RT VISSB VOT sw LGi OAK AMnBeaMOBIOtiISMIWN- VTSSfI VOT861 words
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Advertisement1411 1999-12-24 34 EUROPEAJK/SCANDIHAVIA/yiNLAHD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP RDM ANW HBC PKL SGP E DIAMOND RW-011 25/12 13,1)1 19/01 15/01 17/01 11/01 11/01 E. ROYAL RE-045 02/12 04/12 03/12 1)5/12 07/12 20/12 27/12 E DELUXE RW-013 01/01 20/01 20/01 22/01 24/01 25*1 26/01 E REACH RE-020 00/12 11/121,411 words
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Advertisement649 1999-12-24 34 PACIFIC INTERNATIONAL UNES (PTE) LTD A I SSSSSiM 140 Cecil Street, #03-00 PtL Building, Singapore *****0. CR NO **********0E I I I*!* )%L m STP m S EE?' SL t?i {ih w=MzHk |«OTAP«WA fWtQ47 11/1 11/1 »/l >1/1 2/2 I I «nF" w m Ti^iw^rtG Ivcsa vot m am m649 words
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Advertisement420 1999-12-24 35 BSfl A. M MYANMA pBBk FIVE STAR LINE (Myamor National Line) w Leading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU PAGAN 273W SU) MAWUMYMt 87W IN PT MALAYSIA AGENTS: KMJSTUD SHIPPING AGENCIES KUL m (03)*****00 PKL; TEL (03)*****01 PEN: TEL (04)*****0? PGU: TEL (07) *****21/4 BANK LINE (A420 words
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Advertisement55 1999-12-24 37 New Advertisers/Services/Agencies LINE Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily Wallenius Wilhelmsen New Europe To MIDDLE EAST/ S.E. ASIA service I Pg 7 (Barwil) FAR EAST EUROPE FAR EAST HEP FAR EAST USA FULL CONTAINER EXPRESS SERVICE Turn To Pg 5 V China55 words
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Advertisement75 1999-12-24 43 T'i -w r yaiSttefe The Shipping Times now features a full page of logistics news on Thursday every fortnight. Current trends, latest developments with specialist writers providing expert analyses and giving you valuable insights into logistics companies that make a difference with their services Make sure you read the Shipping75 words
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