The Business Times, 10 February 1998
1998-02-10
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The Business Times
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Title Section19 1998-02-10 1 The BusinessTMes MITA(P) 110/12/97 85c S I N G A P O R E Internet: http://www.asial.com.sg/biztimes TUESDAY, FEBRUARY 10,199819 words
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Article73 1998-02-10 1 asm 1540.72 (+6.81) n rr-su mm ML4I (-6.07) BTOWP 1387 M (+0.52) BTMGA 836J9 (-8.20) p IUUETIOOft OTOg MAHET HMCBB Monday Change KLSE OOMP 727.49 -*7» p NIKKEI 17,21)6 H +1(454 HAW SEM) IM7ltf_*»72» SET INDEX UOM 4.48 JAKARTA OOMP 52S24 418 MANILA COUP _2.«M» ♦IJJI TAIPEI WPt73 words
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Article79 1998-02-10 1 EXCHANGE BATES LSI St USJ i 664 1541 2.729 DM OAM 0*20 YEN 100 0.802 I m MS 0261 0.4*4 HKS 0129 0216 BAHT 0 021 0 036 RL'PIAH 100 0.010 0.017 Inttrbank rata PUKE BATES SINGAPORE* 7.85 KUALA LUMPUR. 930 JAKARTA...- 18.00 BANGKOK 13.25 MANILA 12.50 HONGKONG .9.5079 words
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Article, Illustration731 1998-02-10 1 R Sivanithy - Merger of Local, Foreign shares welcomed by analysts Reports by] R Sivanithy (SINGAPORE] Shareholders of media and property group Singapore Press Holdings yesterday voted overwhelmingly in favour of a proposal to merge the company's Local and Foreign shares, an outcome which was welcomedLIANHE ZAOBAO - 731 words
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278 1998-02-10 1 [SINGAPORE] The big surprise at yesterday's SPH shareholders' meetings was the decision of Singapore Telecom (Sing Tel) to vote against the plan to merge SPH's Local and Foreign shares. SingTel's proxies voted separately in both the Local and Management278 words
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Article653 1998-02-10 1 Quak Hiang Whai - Rentals alone enough to pay off short-term debt, says official /W/m' Quak Hiang Whai in Hongkong NG TENG Fong's Sino Land sold about 2,200 residential units in Hongkong last year generating some HK$l2 billion (552.57 billion) in revenue besides collecting another HK$3 billion in rents,653 words
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902 1998-02-10 1 S N Vasuki - Capital controls seen in Suharto's talk of "killing 9 strategy Fhnn S N Vasuki in Jakarta INDONKSIA yesterday appears! headed towards a currency board system after President Suharto declared that Jakarta had to determine a "certain" exchange rate for the rupiah in order902 words
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Article275 1998-02-10 1 Move seen as prelude to flexible commission rates for equities [SINGAPORE] The Singapore International Monetary Exchange (Simex) has freed its minimum commission rates on all its remaining futures contracts "in the light of changing market conditions". In what could be a precursor to cutting loose275 words
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Page 1 Advertisements
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Advertisement128 1998-02-10 1 msPE STIC hives off ST Capital stake to parent Singapore Technologies Industrial Corporation has agreed to sell its stake in loss-making ST Capital to its parent company for $40.4 m, Pg 15 Why all eyes are on Fm* East Orgutaatita As Singapore's biggest developer, its decision could move the property128 words
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Advertisement9 1998-02-10 1 Why *U eyes are on Far East, Pg 49 words
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Advertisement40 1998-02-10 1 1 4W^ LE TEMPS CHANEL THE MATELASSEE WATCH COLLECTION STAINLESS STEEL FOLDING BUCKLE WATERPROOF TO 30 METERS SWISS CRAFTSMANSHIP EXCLUSIVELY AT CHANEL BOUTIQUES NQEE ANN CITY 391 ORCHARD ROAD SINGAPORE TEL *****20 ISETAN SCOTTS 350 ORCHARD ROAD SINGAPORE TEL *****2140 words
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Advertisement9 1998-02-10 1 Indon Chinese seek refuge with army, police, Pg 59 words
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SINGAPORE AT HOME & ABROAD
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534 1998-02-10 2 Catherine Ong - About 10 laid off in S'pore amid refocus, plans to expand fixed-income business Byi Catherine Ong BANQUE Paribas said yesterday it is expanding its fixed-in-come business in Asia despite laying off about 10 people in Singapore and a few more in Hongkong534 words
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225 1998-02-10 2 FACSIMILE machine maker Matsushita Graphic Communication Systems (MGS) is investing $25 million to boost its manufacturing and product design facilities here. The December issue of Singapore Investment News said the company, a wholly-owned subsidiary of Japan's Matsushita group, will spend $10 million to double225 words
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343 1998-02-10 2 Audrey Tan - Move would help Asia rebound from recession this year By. Audrey Tan JAPAN should stimulate domestic demand to help Asian economies rebound from a year of outright recession, said an economist with US investment bank Lehman Brothers yesterday. At its annual global economics343 words
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350 1998-02-10 2 Frances Lui - By Frances Lui BUSINESS class travel is out, even on long haul flights. In some cases, room-sharing with colleagues of the same sex is in. And one multinational has told its staff to, where possible, video-confer-ence instead of fly. As companies tighten their350 words
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347 1998-02-10 2 TIIK old Hill Stni't Police Station which iimhl to house |x> I icemen and their families in tin* 19.10s will Im* turned into an arts building with galleries. cafes and outdoor theatre performances, and also be home to ih«- Ministry of In347 words
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Article, Illustration280 1998-02-10 2 Audrey Tan - ETC ON THE ECONOMY Currency tt'J< Audrey Tan THE Singapore dollar's current weakness against the US dollar reflects expectations of a sharp economic slowdown here, says Overseas Union Bank (OlIIJ). In its latest financial review, it said the Sing dollar's 15 per cent slide againstSource: OUB - 280 words
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Article, Illustration517 1998-02-10 2 Ronnie Lim - Phase 3B basic reclamation costs said to be $2.6b ItrjM/rLs fry] Ronnie Lim REGIONAL crisis or not, Singapore will start work this August on the final, largest and most expensive reclamation phase the 995-ha, Phase 3B of the $7 billion Jurong Island project,517 words
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486 1998-02-10 2 SINGAPORE has made its final offer on investment incentives to Mobil and expects the US company to decide on its multi-billion dollar petrochemical investment here by the end of next month. Economic Development Board chairman Philip Yeo said. Talking to reporters after opening Chemical486 words
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Page 2 Advertisements
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Advertisement168 1998-02-10 2 Stay at the Royal Crowne Plaza and enjoy our exclusive privileges Save 111 > to 45% on published room rates when you stay at Royal Crowne I'la/a hotel in Singapore from now on until March 51st, 1998. That's not all! When you pay with Aiueiic .in Kxpress card, you'll also168 words
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Page 3 Advertisements
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Advertisement467 1998-02-10 3 BREITLING 1884 NAVITIMER Early this century, aerial navigation was The Breitling Academy thus stages aerobatics essentially a matter of dead reckoning, with the training courses where pilots have an aid of a map, an altimeter and a chronograph. opportunity to fly the three current top Cockpit instruments did little more467 words
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FOCUS: PROPERTY
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Article, Illustration715 1998-02-10 4 Lee Han Shih - THE PROPERTY COLUMN As S'pore's biggest developer, Its decision could move the property market here and In Hongkong Lee Han Shih WHEN asked last Thursday why Far East Organization delayed payment on three plots of state land, its chief executive Philip Ng shot715 words
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Article, Illustration817 1998-02-10 4 Harish Mehta - Foreigners can't buy assets to be sold unless govt changes ownership laws AW//// Harish Mehta in lUuujkttk THAILAND is inviting bids for property assets, both good and bad, worth about 200 billion baht (Ss6.B billion) held by its 56 finance companies that were closed lastFILE PHOTO - 817 words
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Page 4 Advertisements
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Advertisement162 1998-02-10 4 NEW OFFICES FOR LEASE S? ANSON HOUSE >> Close to MRT tjN, J Triple Height Foyer ■J Ample Car Park lllfll J Spacious 3.4 metre floor to ceiling floor height ||||R -J Individual Floor Air Handling Units. I 1111 l Column Free Office Space IIwESB 1 ||[J^^* Most Advanced Raised162 words
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Advertisement80 1998-02-10 4 Online. Multi-Currency, Ready to Use, Packaged Accounting Software 1W 0 Sales Orders 0 Delivery Orders H Sales Invoicing 0 General Ledger ■Mm 1 0 Accounts Receivable Purchase Orders 0 Graphs Ratios 0 Accounts Payables |kj*» 0 Stocks 0 Sales Analysis 0 MIS Reports. 0 GST Re,urns 0 Job Cos,ing 080 words
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Advertisement172 1998-02-10 4 New 4-Storey Warehouse At Sungei Kadut For Sale/Lease Total Nett Floor Area: 170,000 sq ft Tenure: 30 years wef 1996 Units from 9,730 sq ft to 40.000 sq ft Ceiling height: 4.5 morlo m Floor loading: 15 KN/sq mor 20 KN/sq m 10-ton hoist crane and cargo lifts Ready for172 words
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REGION
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275 1998-02-10 5 TOKYO AFP THE chairman of Japan's most powerful business group yesterday urged lawmakers to draw up measures to awaken the slumbering economy and support Asian countries. "As Japan is not a weak country, it is important to rebuild the economy and toAFP - 275 words
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443 1998-02-10 5 BEIJING Exports may see no growth or even shrink: economist Reuters CHINA'S foreign trade minister. warning of the impact of the Asian financial crisis, was quoted yesterday as saying combined import and export growth this year would be slashed by half.Reuters - 443 words
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Article, Illustration303 1998-02-10 5 JAKARTA AFP HUNDREDS of ethnic Chinese yesterday took sanctuary at military and police installations on the eastern Indonesian island of Flores after mobs angered by soaring prices torched their shops and businesses, the military said. "Many Chinese panicked because of the attack onAFP; REUTERS - 303 words
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336 1998-02-10 5 MANILA Reuters PHILIPPINE merchandise exports surged 22.8 per cent last year, boosted by a weaker currency, but economists said yesterday that tight credit and rising wages could temper the momentum this year. "We expect a lower growth rate this year While some ofReuters - 336 words
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161 1998-02-10 5 HONGKONG AFP THE Hongkong government plans to reschedule its land auction programme amid a slump in property prices as Asia's financial crisis rumbles on, a government official said yesterday. Bowen Leung, secretary for planning, environment and lands, told reporters that a newAFP - 161 words
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483 1998-02-10 8 Anthony Rowley - TOKYO Surprise move comes after reports of BOJ officials being wined and dined by banks By, Anthony Rowley AN official probe into alleged bribery of Japanese financial officials by banks assumed new dimensions last night when the Bank of Japan483 words
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Article, Illustration392 1998-02-10 8 Toh Han Shih - SINGAPORE By' Toh Han Shih AS a result of the Asian currency crisis, the information technology (IT) market in Singapore and the region will shrink in US dollar terms this year, according to a recent study by US market research firm International Data CorporationSource: IDC - 392 words
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378 1998-02-10 8 SEOUL Bat falling imports may hurt Q2 figures: officials AFP SOUTH Korea yesterday unveiled a third consecutive monthly current account surplus of US$3.O3 billion (Sss billion), but officials warned that plunging imports bode ill for ex|K»rts in the s*?cnnd quarter. Central Bank of KoreaAFP - 378 words
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243 1998-02-10 8 ■SKOUL AFP MILITANT South Korean unionists yesterday rejected a landmark accord on legalising mass layoffs and demanded a nationwide strike to protect their jobs. Dozens of protesters occupied the headquarters of the Korean Confederation of Trade Unions (KCTU), urging the resignation ofAFP - 243 words
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Article, Illustration51 1998-02-10 8 [BEIJING] A Chinese woman checks out a pair of brand-name spectacles at a shopping mall in Beijing on Sunday. While massive layoffs hurt China's unskilled workers, its growing upper-middle class is shrugging off Asia s economic woes and treating itself to goods and services like never before.AFP - 51 words
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Page 5 Advertisements
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Advertisement71 1998-02-10 5 DAILY. SMOOTH AS SILK. V. Every afternoon, Thai files non-stop from Singapore at 3.25pm to arrive In Jakarta at ft 4.05pm. Enjoy our Royal Orchid Service on board and also earn miles with Royal Orchid flCll Plus, Asia's leading frequent flyer programme. Thai. Smooth silk. Smooth as nIV For reservations71 words
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Advertisement53 1998-02-10 5 He res the most advanced tool for marketing your company today. Yes. to the of fl Cell Name: Designation Company: Address: •I management Singapore Send me more information about 7 x TV* l/vri/x Call Management Services H Ivlt/LUIII Have your sales representative call me fax to Corporate Sales Department at53 words
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MARKETS IN TURMOIL
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298 1998-02-10 6 Bernama [KUALA LUMPUR) Minister of International Trade and Industry (Miti) Rafidah Aziz welcomed the use of Singapore currency as the intermediary unit to trade among Asean countries. "At the Asean level, this is the first effort taken to encourage trade amongBernama - 298 words
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520 1998-02-10 6 US also needs to take a more active role to help region out of financial crisis Reuters [TOKYO) Malaysia's Deputy Prime Minister Anwar Ibrahim politely tweaked Japan and the United States yesterday for not taking a more active role in helpingReuters - 520 words
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Article, Illustration42 1998-02-10 6 [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad (left) greeting a family on Sunday after launching a women's savings fund to boost the country s ailing bourse and support his 17-year leadership in tackling the country's economic crisis. AFPAFP - 42 words
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365 1998-02-10 6 Govt securities may be used to back new long-term obligations AFP Reuters [BANGKOK| The Thai government is considering renegotiating the country's shortterm foreign debt into long-term obligations backed by government securities, a report said yesterday. Thai finance chiefs are looking atAFP; Reuters - 365 words
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379 1998-02-10 6 He blames region's govts for failing to avert crisis Reuters I LONDON International Monetary Fund (IMF) chief Michel Camdessus said yesterday that Asian currencies had fallen too far following the financial crisis in the region. In an interview with the Financial Times, MrReuters - 379 words
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163 1998-02-10 6 Bridge News ISINGAPORK) Several countries are "expected to announce soon that they will as sist with the financing of Indonesian exports". International Monetary Fund's (IMF) deputy managing director Stanley Fischer said in an interview with the Asian Wall Street Journal. In aBridge News - 163 words
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325 1998-02-10 6 Chaebols warned not to offer cross-debt guarantees for loans AFP. Reuters [SEOUL] South Korea's outstanding domestic private debt has reached a staggering US$36B billion (Ss6ll billion), the Asian Wall Street Journal said yesterday. In a front page story headlined "SouthAFP.; Reuters - 325 words
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Article176 1998-02-10 6 Reuters (SINGAPORE! A delegation from Japan's ruling Liberal Democratic Party (LDP) met Singapore Deputy Prime Minister l<ee llsien Ixxmg yesterday to discuss Asia's economic crisis. But spokesmen for the two sides gave no details of the meeting with Mr Uh\ who is also chairman ofReuters - 176 words
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Article, Illustration358 1998-02-10 6 Lu Ning - Lu Ning |SINGAPORK| The negative impact of the regional financial crisis on China "is economically manageable" without any devaluation of the renminbi, a top German industrial executive has said, adding that the reform of China's state-owned enterprises would also benefit. Martin Posth. who358 words
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Page 6 Advertisements
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Advertisement59 1998-02-10 6 I Parkway Parade 1,592.48 sf I 3,184.96 sf Tung Centre 1,566.00 sf A-Z Building 1,701 sf 7,739 sf Paya Lebar Road 13,508.82 sf -15,435.58 sf For details, please contact owner: Tel: 437 6817 437 6853 534 3132 Fax: 532 6197 The Straits Times Classified/TangUn Mall |ti4H Tanglin Mall, every third59 words
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Page 7 Advertisements
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Advertisement203 1998-02-10 7 H R jjfl H f j lil J Ji T I I li Y*j Til Ji 4 J» II I ,-kkr' II i ISfrli IdtaL S HBftb j r mm Kk II JBLsi "The companies receiving the inaugural ITAs (1996/97) have 1 demonstrated... that they have stayed ahead of competition,203 words
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Page 8 Advertisements
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Advertisement219 1998-02-10 8 A B C D E F G H Just one move, and we've got you covered. Our customers and partners are a significant part of our expansion as we make the strategic investment Into an additional office in UE Square. River Valley As we take the lead in leveraging information219 words
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Page 9 Advertisements
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Advertisement270 1998-02-10 9 The AH NEW GS3QO Like those who drive a Lexus, those who engineer them also relish the feeling ol staying at So at every twist and at every turn, you'll find that the GS responds with a mature and least one step ahead. Which is why the all new 1998270 words
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FOCUS
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Article, Illustration1776 1998-02-10 10 Yang Razali Kassim - The main task for Thailand's new foreign minister is to win back international confidence to overcome the country's financial crisis By' Yang Razali Kassim The writer is BT's regional analysis editor [SINGAPORE] IF Thailand's new foreign minister Surin Pitsuwan becomes prime minister one day, oneCHRIS LOH - 1,776 words
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Page 10 Advertisements
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Advertisement58 1998-02-10 10 m Ml SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Removal of foreign share ownership restrictions and the merger of the local and foreign shares of Singapore Press Holdings Limited Pursuant to a Scheme of Arrangement involving a special bonus issue of new shares to shareholders Financial Adviser58 words
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Advertisement303 1998-02-10 10 LfcjfciwytJ KTS headboard rays KTL headboard with noodM matching (he bedspread vrth rays frame m txac* white or maple-tree cherry coloured j I I i rn 1* Composium Br I MbUMBwl alia Wm JmmKM Composium otters a variety of headboards and KTG i plain. KTK 1 with tnm. Period headboards303 words
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THE WORLD
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453 1998-02-10 11 WASHINGTON Bnt report urges vigilance against inflation in the light of low unemployment Bloomberg US PRESIDENT Bill Clinton's economic team sess no sign the seven-year-old US expansion is in danger of stalling, though his annual economic report to Congress says the lowBloomberg - 453 words
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220 1998-02-10 11 BASEL No risk of big failures in Asia's banking system: Tietmeyer Bloomberg THE Group of 10 central bank governors expect the world's industrialised countries to recover following the slump in South-east Asian economies. Bundesbank President Hans Tietmeyer said. Mr Tietmeyer. speakingBloomberg - 220 words
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331 1998-02-10 11 LONDON AFP BRITISH Prime Minister Tony Blair is mobilising world leaders behind a campaign for urgent action against the "millennium bug", after a warning that it could cost £250 billion (SS6BI billion), The Independent reported yesterday. Many computer systems are unable to distinguish betweenAFP - 331 words
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Article, Illustration320 1998-02-10 11 LONDON FT ENOCH Powell, who has died at the age of 85, was a dedicated intellectual, a scholar, a politician of influence, a British nationalist, an early imperialist who in later life became an isolationist and, if high ministerial office be the touchstone, anFT; REUTERS - 320 words
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Page 11 Advertisements
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Advertisement205 1998-02-10 11 r c r shcd rficcs for 5h,,r, and i,,ng up-and-coming Riverfront district. c r m Exclusive business address CONVENIENCE Complete secretarial support from Business riA** to OhAfttAn uu«# Ar-K-rH a~»A Support Services Centre with conference Close toShenton Way, Orchard Road, rooms and f aci ities available Suntac city Convention Centra,205 words
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Advertisement6 1998-02-10 11 Zaobao X'' S -S i «d)>l§4>£»6 words
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Advertisement64 1998-02-10 11 M M Diabolo de Cartier pen Hand-cnfted 18 carat gold nib. different vv idths of nib. Prices range from ***** For Valentine's Day THE ART OF BEING UNIQUE artier boutique/ Singapore Millenia Walk. #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel:64 words
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EDITORIAL & OPINION
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Article, Illustration806 1998-02-10 12 Ronnie Lim - THE BOTTOKUME OPINION By Ronnie Lim The writer is BT's trade and industry edit(jr THINGS are no longer "swinging" at Singapore's refineries, once collectively touted as the regional swing centre geared to take up any supply slack in oil products. Today, the806 words
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Article129 1998-02-10 12 'For the government to choose sides in a highly competitive industry is unfair and unnecessary.' -Bill Gates Microsoft Corp's chairman, in a letter to Microsoft s 25.700 employees and 1 million shareholders, explaining why he was taking a firm stand In the US Justice Department s antitrust129 words
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Article677 1998-02-10 12 EDITORIAL THE real message in the belated signing of the Ja-pan-United States civil aviation pact is that there will be no free market in flying until the principle of reciprocity is taken to its logical conclusion: when American skies are also fully open to the677 words
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Article, Illustration1186 1998-02-10 12 Peter Lynch - Australia's farmers' federation is backed by Canberra in its fight against the dockworkers' union Peter Lynch The writer is a Sydneybased journalist wflp contributes to BT IT HAS become almost as much a ritual as the cricket season or the rugby league: Australia's ports are again the centreFILE PHOTO - 1,186 words
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Article862 1998-02-10 12 Bnda eaanotjaattfy ths twain THERE is an irony In US President Clinton's being the victim of grand jury leaks that violate the rules. On issues of civil liberties, he has been a tone-deaf president. He has al lowed shameful infringements of constitutional rights. Including the virtual862 words
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Page 12 Miscellaneous
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Miscellaneous52 1998-02-10 12 DOOMESBURY By Garry Trudeau ANPAffiX LUNCH J VB ONLY GOT Five DAYS TOG&H- v thought i&ppeamm MNP&RJL YEAH.UKZ. jfr THejFEei POeSTHAT SOUNDS LIKE THAT, HOLIDAY, FULL OF ALL TUB SPB- KIPNAPJfe SOUNPUK3FUN, I SORING.) I SM/££TH6ART... J CIAL THINGS ABOUT CHR/STMA& I PING IS SO CU f ?OPX jHAT ALWAyS52 words
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Page 13 Advertisements
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Advertisement205 1998-02-10 13 Where to wine, dine and entertain... (o^-.1 and rememker her as your sweetheart, your girlfriend, your fiance*. This aientines 1 Day, recapture the romance with magical candlelit dinner at The Nassim Room. And watch the stars from one of our exquisite rooms. It s an offer that comes straight from205 words
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Advertisement187 1998-02-10 13 Marketsquare I RESTAURANT FOOOCOURT WINE CELLAR Theme Resduirant Foopcourt JaUniine/'si Sel c Wlmu i y %>iy++ I SOUP SALAD V*-*-jfr MAIN COURSE .SB ipVl Filet 'Mignon' with 0 Shallot Red Wine Jus OR Salmon Fillet' Rose' .fcj". w»f/) 'Bell-Pepper' Sauce Slipper Lobster 'Oscar' with Prawn Bisque DESSERT COFFEE or TEA187 words
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Advertisement194 1998-02-10 13 Enjoy Western dishes and Asian Cafe Vienna Open from 6am to lam. its popular buffets for lunch, btgh tea and dinner are among the best— C ROW NE PLAZA SiNOMOii humeri) the H\.st 11 didL\ Imm i.*mmi Pl*:* hmr mcrtrttmmt. ple.t* tall 7 J/-79JJ W/i Kmstd. \,m K *fimn JJKJAI194 words
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Advertisement245 1998-02-10 13 Buy It. Sell It. Find It. Classified. CATS Call Today For Results Tomorrow. 1300-*****66 Savour tantalising set-dishes from BBQ Ribs. Mushroom lasagna, seafood planer, Italian Genoa-baguette to N>\m>a laksa, seafood hor-fun, chicken prawn cla>pot and fried vegetarian planer and complimented with soup, salad and more at the Cafe Victoria from245 words
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Advertisement174 1998-02-10 13 J{ RMriny'flavYtArtfeUfnitiiH AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we.usher in the Year of the Tiger this Lunar New Year season Call 831 62t>2 for more details. Singapore "J 3.V CVvhjrJ Road. Singapore MM(? Tel *J74-»i» a eEn| Chinese New Year Prosperity Bufeet 28 Janu.tr>174 words
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Page 13 Miscellaneous
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Miscellaneous746 1998-02-10 13 TV&RADIO Premiere 12 30 Team Knight Rider 3.00 CDIS. -tin Choctaw L-9. 4.00 ChinnaChinna Aasai(r). Artft ra m m nS 10 30 New s 5 Tonight. 4.30 Chinna Kuyili (r). J I™ KK ml! n i k Ilo Business Da y 5.00 Akkani Pakkam. •aoo Si UM Insight. 5.30 Iniyavai746 words
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Miscellaneous187 1998-02-10 13 CRYPTIC CROSSWORD 1 M Uti f I I P 4 I 5 k I p~~ of a two-wheeler (6) 23 Found out that duke has Insur ana* (10) and heal (8) YESTERDAY'S SOLUTION 24 Non-clerical one left In charge 7 Sarcastic these days with the going round (4) nymph (5)187 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1175 1998-02-10 14 WARREN HOGE - Britain's fiercely competitive newspapers seem to trust no one but the late princess to captivate gossip-hungry readers, writes warren hoge WARREN HOGE NYT WITH Diana gone, a now press code in place and the comparatively straight-laced officials of Prime Minister Tony Blair's new Uibour government offeringNYT; FILE PHOTO - 1,175 words
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Article, Illustration691 1998-02-10 14 YACHTING Entry fee of U*****,000, due to the record 16 challenger clubs NYT [NEWPORT. Rhode Island] When a U*****,000 (*****.875) entry fee. in the form of a letter of credit, came due on Jan 31 for challengers to the America's Cup. one ofNYT; FILE PHOTO - 691 words
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Page 14 Advertisements
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Advertisement128 1998-02-10 14 It could be any number of K 1 fT anniversaries, ISO certification, pages but the cost of a special X wJIJLJL 1 A ground-breaking ceremonies feature in our newspapers and topping-up ceremonies, will remain the same for you: $0. We will Since you have so much to gain and nbthing128 words
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Page 14 Miscellaneous
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Miscellaneous152 1998-02-10 14 TUi! WEA'ftuatt Hingaporw Fair and occasionally windy. Temperature (31-25) AaU-Fftctflc HVbo* Good. Europe Hl/Lo* Good. Ajaerka Hl/Lo* Good. AurUand Jti IS (loud) Kmsu-nlam «U2 Showers Buhhjs Airw *115 rnonn H«n*.* 34 IS (kh Aim 12/0" (loud) 11 I lB H«*iW -1/-10 Sunn) Herla 03,2 Shcmws ChkW »*1 Hood) Hunt*y —11/18152 words
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COMPANIES & MARKETS
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518 1998-02-10 15 David Boey - ST Capital to raise $57m through 1-for-l rights issue at 40 cents a share Reports by] David Boey [SINGAPORE] Singapore Technologies Industrial Corporation has agreed to sell its stake in loss-making ST Capital to its parent company for $40.4 million,518 words
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493 1998-02-10 15 [SINGAPORE! ST Capital yesterday announced a hefty $26.5 million after-tax loss, way beyond the $18 million revised forecast it made last month. The loss, which amounts to more than one-third its capital and reserves, was caused by the regional financial turmoil, in particular493 words
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952 1998-02-10 15 Anthony Rowley - HOCK LOCK SIEW Anthony Rowley FINANCIAL markets are convinced that Japanese banks have been cooking their books for years, and that Finance Ministry inspectors have been discreetly looking the other way while bankers tried out their recipes for creative accounting. But952 words
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580 1998-02-10 15 Clarissa Tan - Variations in forecasts hinge on provision levels //v Clarissa Tan (SINCiAI'OKKI Analysts ex l*?ct the Hit; Four banks to post average earnings growth of to 7 per cent for 1997, a far cry from the double digit jumps they had predicted580 words
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REGIONAL COMPANIES
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602 1998-02-10 16 Quak Hiang Whai - Deal will not benefit HK Telecom in terms of getting into the Chinese market Fromi Quak Hiang Whai in Hongkong STATE-controlled China Telecom Group moved a step closer to taking control of Hong kong Telecom yesterday when it paid HKJI2.B billion602 words
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290 1998-02-10 16 Annette Pau - By, Annette Pau [SINGAPORE] Mainboardlisted Datacraft Asia is raising U5539.2 million (Ss6s million) through a placement of 16 million new shares at USS2.SO each to repay bank borrowings and to boost working capital. company officials said yesterday. The 10-cent shares were priced at a 4.6290 words
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Article167 1998-02-10 16 [SINGAPORE] Investors gave Hotel Properties Ltd's divestment of Australian retail chain Brashs the thumbs up yesterday. llie HPL stock rose eight cents or 7.4 per cent. Volume was a healthy 3.08 million, or nearly three times its 10-day average. HPL announced over the weekend167 words
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280 1998-02-10 16 Conrad Raj - ////< Conrad Raj (SINGAPORE) Sembawang Corporation yesterday announced that it had sold five million shares or 3.59 per cent of Jurong Shipyard Limited. The diversified govern-ment-linked group gave no reason for the sale but the disposal at $7.43 a share would have raised280 words
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Article, Illustration205 1998-02-10 16 Reuters |SYI)NKY| (tlobal media group News Corp Ltd hit a new all tune high on the Aus trallan Slock Kxcliange yester day following last week's earnings report and continued success for the movie Titanic. News Corp shares closed up cents at As 9 .15Reuters; FILE PHOTO - 205 words
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570 1998-02-10 16 Meera Tharmaratnam - Analysts are divided if it is a wise move for the gaming company /if/: Meera Tharmaratnam in huaUi Lumpur CASH-RICH gaming company Bhd's decision to take up a 22.25 per cent stake in independent power producer Powertek Bhd may be part570 words
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370 1998-02-10 16 Bloomberg [KUALA LUMPUR] The Malaysian government's top economic adviser, Daim Zainuddin, said the number of brokerages in the country may have to be slashed by three quarters. According to executives who attended a meeting with Mr Daim last week, heBloomberg - 370 words
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340 1998-02-10 16 Bloomberg |MKI.II()I)KNK| Foster's Brewing (Jroup Ltd. Australia's largest brewer. said first half profits Toll a lower-than-expected one |H i r cent as its rising tax hill otTset profit gains in its domestic brewing and wine making unity. The Melbourne-based hrewer of VictoriaBloomberg - 340 words
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REGIONAL/INTERNATIONAL COMPANIES
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444 1998-02-10 17 USs3oom is due this year, with the rest in 1999 and 2000 AFP [BANGKOK! Thailand's crippled Siam City Bank pic is to ask foreign creditors to roll over its massive debt, the bank's chief said yesterday, just three days after itAFP - 444 words
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258 1998-02-10 17 Reuters [AMSTERDAM] Philips Electronics NV should turn a small fourth-quarter loss in 1996 into a net profit from ordinary operations in excess of a billion guilders in 1997 with contributions from all its units, analysts say. Analysts* forecasts for fourth quarterReuters - 258 words
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494 1998-02-10 17 3 firms in his stable and Commerce Asset to resume trading Bloomberg [KUALA LUMPUR] Malaysian financier Abdul Rashid Hussain may be in for a long tussle to get control of the country's sixth largest bank. Bank of Commerce. Three companiesBloomberg - 494 words
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242 1998-02-10 17 Bloomberg [BEIJING] Royal Dutch/Shell Group said the Chinese government approved a LSS4.S billion fS$7.4 billion; chemical plant, the biggest-ever foreigpfunded joint venture in China, eight years after the first contract was signed. The Dutch company will lead construction of an 800,000-tonne per year ethyleneBloomberg - 242 words
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265 1998-02-10 17 FT |NEW YORK| PacifiCorp, the US electricity group. is planning to buy lip to 29.9 per cent of Energy Group's shares in an attempt to see oil any attempt by rival suitors to outbid its £4.05 billion (SSI 1 billion)FT - 265 words
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Article, Illustration335 1998-02-10 17 Third straight fall, bat airline says prospects still strong Bloomberg I LONDON British Airways file said profit fell 24.5 per cent in its fiscal third quarter, held hack by the strong pound and lingering effects from a flight attendants strike last summer. Europe's largest airlineBloomberg; FILE PHOTO - 335 words
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184 1998-02-10 17 Bloomberg (TOKYO] Hitachi Ltd, Japan's largest maker of electronics, said its group net profit forecast of 89 billion yen (Ssl.lB billion) for the year through March will be difficult to meet. "It'll be difficult for us to achieve our earnings target of 89Bloomberg - 184 words
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FINANCE & COMMODITIES
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Article, Illustration454 1998-02-10 18 Chairman of Senate banking committee wants fall accounting of Holocaust accounts FT [NEW YORK] The merger of Union Bank of Switzerland and Swiss Bank Corporation, the world's largest banking acquisition, should be blocked until the two have made a "full accounting" for theFT; FILE PHOTO - 454 words
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399 1998-02-10 18 Interest rate squeeze expected to hit CBA's first half results Reuters [SYDNEY] The ever-tighten-ing squeeze on interest margins is expected to force first half profits from Australia's largest home lender. Commonwealth Bank of Australia (CBA), down about 4 per cent, analysts said yesterday.Reuters - 399 words
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195 1998-02-10 18 Bloomberg (AMSTERDAM) ABN Amro Holding NV said that starting yesterday its investmentbanking units win operate under the name ABN Amro, dropping the names Hoare Govett. Chicago Corp and others to present a more uniform image. The only exceptions will be Alfred Berg inBloomberg - 195 words
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206 1998-02-10 18 Bloomberg [NEW YORK) Industrial Bank of Japan plans to sell USSI billion (SSI .7 billion) of preferred securities In the US to bolster its depleted capital base, according to people familiar with the transaction. IBJ will follow Sumitomo Bank, which sold US$l.B billionBloomberg - 206 words
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Article236 1998-02-10 18 Simriii Report Reuters [SINGAPORE) Slmex Euroyen and Japanese government bond (JGB) futures firmed yesterday despite a Japanese Liberal Democratic Party (LDP) member's calls for an extra 1998/99 budget. Dealers said Euroyen futures were boosted by a drop In the overnight call loan rate. The December contractReuters - 236 words
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172 1998-02-10 18 Charlie Kuo - M 8& TAIWAN FUTURES By Charlie Kuo day. By Charlie Kuo, Service Dealer, Refco S'pore Pte Ltd (SINGAPORE) Slmex MSCI Taiwan Stock Index futures failed to sustain their early gains yesterday as some electronics firms announced disappointing January sales figuros. The February contract172 words
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248 1998-02-10 18 EMEROY REPORT Reuters [LONDON) Opec oil producers lifted output In January as some member countries pumped more to meet higher output quotas. January production from Opec Jumped 510.000 barrels a day (bpd) from December to 28.05 million bpd, a survey found. That is easilyReuters - 248 words
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Article296 1998-02-10 18 Reuters London THE US dollar was trapped against the mark by mid-ses-sion in Europe yesterday with traders mesmerised by the possibility that opposition to European economic and monetary union in Germany could spell a delay to the project. Assumptions the single European currency will be, launched in 1999Reuters - 296 words
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Article, Illustration1035 1998-02-10 18 DtTBEBAWt CROSS KATBS "7^9 as a ca> r» m *m mm tm 62S**t» m» s$ —< t$ us$ AatrtfU 0.H1 1171 05* 4069 12* 1197 26.003 ***** 0537 10.453 2575 IW 29.617 ***** UT7 1297 0.900 22.06 32.070 0.409 0571 C4M*4 L040 5.797 0.64 4233 1263 5.406 27.*****522 0-171 *5741,035 words
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Article1576 1998-02-10 19 SI COM FUTURES FebS RU88£R (Marts closing at 5J0pa) RSS1 CONTRACTS cMts/kg) ClOM Vo(wm Open Moth High Low Sttt (tonts) tattrwt M* 128.00 75 200 Apr 98 138.00 132.00 132.00 725 3800 M*V 138.00 137.50 135.75 425 4025 JM 98 138.00 137.50 137.75 425 3500 .M/S* 98 148.001,576 words
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Article2308 1998-02-10 19 LONDON MntrWi Nn Grove 522 3 AB Ports 296 2 AM>ay Manor* "214 -51 AlhM Domacq S66 -3 Amae P9 -2 40C AsdaGroue -95 84CC BAT ind 590 2 600 BG Pie 3-4 600 400 BtCC '-42 3 40C 80CGro<# 972 -3 BP 8" 4 -3 BTR2,308 words
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Article1634 1998-02-10 19 AFP Bmkhias *im» JAPANESE share prices closed higher yesterday due to approval in the Diet's Lower House for a financial rescue package and hopes of further help for the economy. Brokers said sentiment was buoyed by Friday's approval of legislation to help the financial sector and on expectations thatAFP - 1,634 words
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Article, Illustration1844 1998-02-10 20 AFP H Hang Seng +387.29 SHARE prices surged 3.7 per cent to a 1998 high on robust buying yesterday after a strong week-end performance on Wall Street and a steady easing of interbank interest rates here, dealers said. "Sentiment has mainly been improved by an easing of interbank interestAFP - 1,844 words
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Article, Illustration712 1998-02-10 20 Reuters Shenzhen B Index *8.48 STRONG gains on the Hongkong stock market sent Shenzhen's B share index to a sharply higher close vester day. th»* first trading clay after the Chinese* New Year holiday. The H share Index surged its lO|iercent limit of 8.48 points toH».18«n turnover of llKs26.r>Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 712 words
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Article406 1998-02-10 20 AFP WP Index -4835 STOCK prices slid 0.6 per cent yesterday as late selling wiped out early gains amid profittaking on technology issues, dealers said. "Institutional investors ad justed their holdings after huge gains last week." said a trader. "Technology share prices had rallied to a level where thereAFP - 406 words
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Article276 1998-02-10 20 Reuters Q Wellington +15.19 SHARES shook off a slow start yesterday to end strongly. "It was a very strong day and on good volume for a Monday," a trader said. The NZSE-40 Capital Index, after starting the day square, ended up 15.19 points at 2,257.97 on turnover worth NZ$7B.4Reuters - 276 words
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Article, Illustration893 1998-02-10 20 AFP n SET Index -5.48 SHARES closed lower yesterday after a volatile day of trading as investors took profit in blue chips following recent surges on the market. The SET Index lost 5.48 points at 530.50. Turnover was 228.7 million shares worth H.l billion baht. Falls beat rises 217AFP - 893 words
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Article482 1998-02-10 20 AFP Q Composite Index +1L54 SHARK prices closed 2.1 per cent higher on brisk buying of blue chips yesterday. Second liners also gained robust support from retail investors, but institutional selling stemmed further gains. "Trading in second liners was active, which represented 51 per cent of today's total volume."AFP - 482 words
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Article659 1998-02-10 20 AFP rl All Ordinaries +29.2 SHARE prices closed 1.1 per cent higher yesterday as resource stocks outperformed industrial stocks in relatively quiet trading, brokers said. "It was a very dull market. New York closed at near-re-cord levels on Friday which flowed through to most Asian markets." said a broker.AFP - 659 words
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Article, Illustration715 1998-02-10 20 AFP Q Composite Index -&18 SHARE prices dropped 1.2 per cent yesterday in a technical correction, with the market unmoved by reports of social unrest and street protests, dealers said. "I do not think the market was that concerned. It is just people expressing their opinion, as long asAFP - 715 words
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Article371 1998-02-10 20 AFP Manila +1191 SHARE prices gained 0.7 per cent yesterday on buying of blue chips, analysts said. "The market is up because of the blue chips," said a trad er, adding that second liners are "in a correction stage right now". The PSE Composite Index gained 13.91 points toAFP - 371 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration583 1998-02-10 21 AFX-Asia Composite Index -0.79 SHARE prices closed mixed in heavy trade yesterday amid continued interest in financial stocks and some forced selling and profit-taking. Dei lers said support for Financials in tens Lieu u.. positive response to the central bank's cut in statutoryAFX-Asia - 583 words
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Article9719 1998-02-10 21 INDUSTRIALS Consumer products 1998 Last Vol Day N«» Cap H>fl> L— CoMMHV Sat* 'OOO High Low P/C JmM 310 180 Aiinomoto 304 '4 3d 110 2<>o 16 8 '2 3 2 14a 73 Angkasa —.137 4 358 148 136 3 2 202 0 280 123 Apollo Food Hlg 270 259,719 words
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WARRANTS & OPTIONS
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Article184 1998-02-10 22 R Sivanithy - WARRANT WATCH By R Sivanithy THERE seems to be some confusion over he exact status of Osprey Marltime's redeemable convertible cumulative preference shares (RCCPS) which were fea tured In this column last Saturday. The confusion lies in the $1.81 conversion price, which we understand. Is not184 words
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Article4041 1998-02-10 22 BONOS, LOANS WARRANTS 97 8 Lait Vol Day Last Quota A»g "NW L »«"o Company SM ♦or- COOO) High Low Buyor Sailar Prlc* M 9 m 3000 mAMOBc5.5%*****6 195 *10.5 115 23 195 ~1»S 21 8' 8 3160 "Acar W*****1USS 16.5 -1 131 20 14.5 15 16 5 131 8.54,041 words
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Article2571 1998-02-10 22 Transaction Date :Feb 9 I MALAYSIAN STOCKS Qf Qf W7/98 tact 2#. l*«i ox ox rw N«t m cap Mun La» Stfw CgWgPy S— 'OOC, L»« 8w T y t—» H C-»T H P/t tm« 478 28 msSOOC ASBSO: r? -S 32 --2 "4 8 51 3J 092,571 words
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STOCK EXCHANGE OF SINGAPORE
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Article1600 1998-02-10 23 TURNOVER COOO) VALUE ('OOO) Mate Cla» Total Matn Ctoa Tatal lixhtftnaf 247,142 391.362 638.504 J39.50? 269,700 605.206 Financa 25.673 141,260 166.933 117.978 111.591 229.569 HoWS 11.281 12.735 24.016 14.941 7,173 22.115 ProparMas 17,950 192.760 210.710 55,313 103.556 158,871 Plantation 33.580 33,580 32.027 32,027 Mining 7,152 7,152 fc467 6.467 8tW 14,8971,600 words
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Article5299 1998-02-10 23 Transaction Date: Feb 9 Q( Qf III m ..J?* 7 8 Latt Vol Day Last Ou«L Dl» OI« VM Nat Cap A.g **<> S»N« Company Sal* COOO) High Lav Buyar Sallar H Cyr Pit »mll Prtca —UITUALI 157 1*5 a 1020 ACE Dynamic s60c 43 J 247 435,299 words
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Article923 1998-02-10 23 \997tf y«« 0«y Last Owot* CM* otv VM *41 C«p Ar<g 0 Compwy S4I4 1000) Ml** L4» Buyer Cw P/I Jm4 PrKt tttftftft ■U !J 21 i UJ w* >0 60 oi ITTi mi u* AS AutoKk 200 -IT 401 2)1 20) 2OH 210 DON $0 0 7 17)923 words
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Article225 1998-02-10 24 Stocks Volume •Renonq Bhd 50c 88,675.000 •Rekapacific Bh 65,098,000 *MBf Capital 55,221.000 •Kemayan Corp 44,412,000 •Renonq Wt 00 35.434,000 •Innovest Bhd 31,158,000 Easyknit HKIOc I 30.382,000 *M Resources 30.292.000 *MBF Land Bhd 29.603.000 Nippecraft 10c 28.739,000 Stocks •Renonq Bhd 50c 61,196,843 •MBf Capital 42,922,815 SIA Foreiqn 39,507,015 JurongShip 50c 37.653,150225 words
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Article, Illustration661 1998-02-10 24 R Sivanithy - STOCK MARKET COMMENTARY The ability of stock prices to withstand the bouts of profit-taking suggests that the trend is upward for the present moment tin R Sivanithy (SINGAPORKI The local stink market yesterday withstixxl waves of selling pressure to emerge relatively unscathed661 words
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Article, Illustration62 1998-02-10 24 Shiv Taneja - by Shiv Taneja FACB closed 0.5 higher yesterday at 32.5 cents on a volume of 9.36 million shares, compared with its 10-day traded average of 2.5 million units. The counter has run up a fair bit over the past month or so, but according to the weekly MACD62 words
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ON THE GRAPEVINE
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Article148 1998-02-10 24 THK study of George Soros has become the latest fad to hit the southern Chinese city of Guangzhou in the Year of the Tiger, thanks to the recent financial turmoil in the region. Not only does his name crop up regularly in the local press, books148 words
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Article105 1998-02-10 24 AND while we're on the subject of George Soros, the financier and philanthropist was heard propounding his view about the inherent instability of financial markets at the World Economic Forum meeting in Davos last week. Mr Soros said that economists who have been teaching people about105 words
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Article121 1998-02-10 24 MALAYSIAN Resources Corporation Bhd (MRCB) is poised to play a bigger role in the country's banking sector. The politically well-connected group holds the key in the merger talks between RHB Bank and Bank of Commerce due to its substantial shareholding in the parent companies of both121 words
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Article153 1998-02-10 24 HONGKONG IPOs and properties may not be commanding the heady pre-crisis prices they were fetching last year. But at their new bargain basement levels, turnover is booming. We're not sure what Sino Land planned to tell pressmen at a news conference yesterday but they sure153 words
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Article88 1998-02-10 24 A BT reporter has had a personal encounter with the millennium bug, which occurs because some computers cannot distinguish between the years 2000,1900, 1000 etc. because they use only two digits. After dining at a restaurant in Europe, our man on holiday tried to88 words
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Page 15 Advertisements
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Advertisement162 1998-02-10 15 y 11 I I When It's Number One. It's Worth Waiting For. tNew Titanium er from S-Yard. a club been sO highly numerous accolades dous joy and satisfaction ers on every fairway, the rave of the industry, riched your own game end? strive to continue our nd Titanium technology cellence162 words
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Page 16 Advertisements
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Advertisement429 1998-02-10 16 Workshop on Business Mandarin With Special Emphasis On Communicating In Financial And Accounting Terminology Worried about Chinese financial statements with their unfamiliar terminology? Embarrassed about not knowing how to ask those simple questions regarding financial or accounting matters in Mandarin, although they are very familiar to you in English? Concerned429 words
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Advertisement92 1998-02-10 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified92 words
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Page 17 Advertisements
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Advertisement172 1998-02-10 17 THE ART OF 'faff* PAMPERING ft IS KNOWING p WHEN LEAVE OUR GUESTS kA 1 Jf s s>-%''3wRWWHBiHBV" Contemplate the day in the serene comfort of our plush Uvtng Room, unperturbed by the rest m of the world. Quietly confident that an unparalleled level of service is only a gesture172 words
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Advertisement98 1998-02-10 17 V -V" B V LG A R I <(-. v Q |r*| tk-# Hi. <• < :iv t i 4- v 4t > y if. M v The new ring collection. f i > t* i t t *> .< M I t I a II II W I i98 words
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Page 18 Advertisements
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Advertisement166 1998-02-10 18 KHATTAR WONG PARTNERS -IHiXWtSMi is pleased to announce that as from 8 February 1998 its associated firm in Hong Kong K. W. POON PARTNERS will be known as KHATTAR WON<S PARTNERS and will continue practice under that name Khattar Wong Partners (KWP) Hong Kong will be managed and operated by166 words
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Advertisement24 1998-02-10 18 I found a car pool mrßSt t^,rou Straits VHF i Times Classified. They help me L do my part to save f/ie earth. cvrs.24 words
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Page 20 Advertisements
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Advertisement8 1998-02-10 20 Call 1800-*****66 to place a quick-acting ad CAXS.8 words
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Page 21 Advertisements
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Advertisement16 1998-02-10 21 Ml Getting access to the latest computers peripherals begins with I The Straits Times Classified. J16 words
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Page 22 Advertisements
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Advertisement85 1998-02-10 22 calling about f See...l told The card we're I the computer I you this was a J making for Susan I I advertised in I 1 deal. J Yup, we got what is going to be J Straits Times/ f s 1 we wanted because real nice! Class ified.^X,—( lt85 words
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Page 23 Advertisements
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Advertisement10 1998-02-10 23 The full use OF TODAY is THE BEST PREPARATION for10 words
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Advertisement54 1998-02-10 23 Hermes. TIME MAKES THE PARIS 1 4 1 DICKSON WATCH JEWELLERY (S) PTE Loquet IA »4vffy ovnrd «jbvdu- r of DICKSONCONCEPTS UMTTEDI 391 A Orchard Red N(e« Ann City *17-06 Support *****3 Available at: DICKSON WATCH JEWELLERY: The Promenade. Cenuepoinl. Suntec City. HERMES BOUTIQUE: Lial Tower. Takashimaya. Also available at54 words
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Advertisement7 1998-02-10 23 Imagination i s more IMPORTANT t/jan KNOWLEDGE^7 words
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Page 24 Advertisements
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Advertisement504 1998-02-10 24 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that. I Gurdeep Kour of Blk 716. #08-51 Clementi West. Street 2 Singapore *****6. have applied for a Public House Second Class Licence in respect of \!/s Sitara Restaurant located at 291, Serangoon Road Singapore *****1. and that504 words
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Advertisement319 1998-02-10 24 NOTICE IS HEREBY GIVEN that. I Ramachandran s/o Thankavelu of Blk 503 Central I #04-0295 Singapore *****3, ha\e applied for a Retail Beer Shop Licence in respect of M/s Shaktivel Trading located at Blk 640 Rowell Road #01-0058 Singapore *****0, and that this application will be considered by the Liquors319 words
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Advertisement335 1998-02-10 24 NOTICE IS HEREBY GIVEN that. I Chin Yi Fong of Blk 409 Scrangtxw Central #11-301 Singapore *****9. have applied for a First Class Liquors Licence in respect of M/s Nautical Cafe located at 902 East Coast Parkway Singapore *****4. and that this application will he considered by the Liquors Licensing335 words
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Advertisement331 1998-02-10 24 NOTICE IS HEREBY GIVEN that. Tan Sing Richard of Blk 433. Clementi Ave 3 #13-63 Singapore *****3. have applied for a Public House 2nd Class Licence in respect of M/s Fiesta Japanese Restaurant located at Suntec City Mall. No. 3 Temasek Boulevard. Unit B No. #81-062 Singapore *****3. and that331 words
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Advertisement269 1998-02-10 24 NOTICE IS HEREBY GIVEN that. I Toh Chin Yew Joseph of Blk 360 #10-356 Woodlands Ave 5 Singapore *****0. ha\e applied for a Retail Liquor Shop Licence in respect of Nl/s Tiffany Hampers Gifts Pie Lid located at 59. Jalan Pemimpin. L&Y Building #02-01 Singapore *****8. and that this application269 words
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SHIPPING TIMES
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Article314 1998-02-10 25 Bridge News, Reuters THERE was some talk that rates have found a bottom, but the suggestion remained hesitant though with the weekend approaching, owners were showing signs of resistance. Even charterers said that owners had nothing to gain fixing yesterday but just might by next week. The BalticBridge News,; Reuters - 314 words
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Article290 1998-02-10 25 »mhkm -m m s$ m CWTOMMn.OiH *0409 IN Oman Hup 050 -0.025 144 Co*colo»»Hwwil .0.795 *0.01 44 Frataht Unto 0.365 iMi DU tlW** 0-325 -0.035 TI3 Mai Sun Hup 0.555 -0.02 347 HrtacM Zosan 0.4 -0015 54 IMC HoMingt 5.4 Jay* HoMngs 0.45 uncfi 54 Juran. Shipyard 7.7290 words
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462 1998-02-10 25 David Hughes - Move strengthens shipping giant in Australasian refrigerated trades /■Yom David Hughes in London P&O Nedlloyd has bought UK-based Blue Star Line for £60 million (*****.5 million), in a move which will significantly strengthen the AngloDutch container shipping giant. especially in the462 words
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Article, Illustration461 1998-02-10 25 Jerzy Farynski - Union members walk ont to attend nnion briefings on Melbourne dispute From Jerzy Farynski in Sydney MAJOR ports in Australia came to a standstill yesterdajj as dock workers in Sydney. Adelaide and Fremantie downed tools to hear reports and express their anger at what461 words
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Article, Illustration474 1998-02-10 25 P T Bangsberg - Intl Container, Asian Terminals say move doe to peso's fall against US$ Prirm P T Bangsberg in Manila A SHARP rise in cargo handling charges is on the cards at the main Philippine port, though operators fear it may be aFILE PHOTO - 474 words
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199 1998-02-10 25 Lloyd's List |TOKY()| Single hull VLCCs navlgatlnK the busy liny of Tokyo hit now subject (o onboard ship Inspections as part of a new safety campaign In response to last summer's oil spill In the area from the tanker Diamond Cracv The 140 memberLloyd's List - 199 words
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422 1998-02-10 25 Marcus Hand - But no date for shift has been set, chief financial officer says /If,] Marcus Hand |SINGAPORE| Swedish tank er company ICB Shipping Is still planning to move Its operations to Singapore, after fighting off a hostile takeover hid. Karl Molander, ICB's chief422 words
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Article, Illustration254 1998-02-10 25 (SINGAPORE) Knud E Stubkjaer, Maersk Line's chief executive for Asia, is leaving Singapore to take up the post of executive vice-pres-ident and head of AP Moller's liner division in Copenhagen. The appointment follows the sudden death from a heart attack of254 words
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Article, Illustration1190 1998-02-10 26 HONGKONG PORT Competition for traffic is heating up around HK, and it will have to work hard to stay the No 1 container port PDI HONGKONG'S premier position as the world's No 1 container port is threatened by smaller neighbouring ports, where cheaper fees and improvingPDI - 1,190 words
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257 1998-02-10 26 PAGE EIS 14 AO. 9 Ethiopian 6 AMI 3 Eurohans 6 Accord 8 E*p Orient 14 Appcmtiip 5 Evergreen 6 8 Astro 3 FoongSwt 8 Austral 9 GUnk 4 BSA 7 Gemartrans 8 Batammdo 7 Genshpg 9 Bayswater 7 Mai Sun Hup 8257 words
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Article26802 1998-02-10 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adv»rtis»r VMMl Vovum TMaohona I FT A FT* AdvartlMr t-. I 7__. ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyege Telephone SIN Destn Name Name Number Number SIN Destn Name Name Number Number A 17/02 14/03 Trlestlno EVER GRACE 020026,802 words
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SHIPS IN PORT
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Article792 1998-02-10 39 Vossol Voy No Berth Arrival Departure J*rM* tat RMpJan 0*29* JOl «on«Ml* Of 02/2200 H 5 Wwu IFM96 JOl Jtomjiii* 09 02/1700 It Sar li *****6 JOl »<XX)W» Of 02/2100 It Saruti 4 *****6 JOl 4oa«m* Of 02/2300 Cuu Tiring ctSOOJ J04 «on«u<M Of 02/1600 CaiHoowwil 2/96 JH792 words
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Article1786 1998-02-10 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookhq/Btianct litis Ship Voy No Etb/Btr Ptrlod From To From aci ximcui o on n/UM u otmoo ovnw otmoo Umny t OU V*00 24 01/1700 *5/0451 0/0*00 n oi/uoo io/o*5' n/owo n/orao a/mi b/mm 4 IO/UOO 10/1451 n/1700 MhMMII OtM1,786 words
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Article197 1998-02-10 39 Fab 11 Japan: National Foundation Day. Thailand: Makha Bucha. MM United States: Washington's Birth day Holiday. F«b 23 Brunei: National Day. Luxembourg: Carnival Monday. r*b24 Portugal Carnival. Mara Greece Orthodox Lent Monday. Mar 17 United Kingdom 9t Patrick's Day. MarM Japan: Vernal Equinox Day. MarSl Mexico. Juarez Day.197 words
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Article896 1998-02-10 39 THIS report. complied by Cockett Marin* OU l.td. ahowa price rang** In US doliar* Inataad of alnfl* prlrea Ibr a more cumprehanalve da •crtptlon of lh* mark*! Prlca* ahown ar* baa*d on average alaed atam Markat movement* ar* Indlcatad Th* Cnckatt Bunkar Prlca lnd*i change and896 words
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Article409 1998-02-10 39 180 Mai 1016.5 0.8 MJ O.M 106 0.05 Dwttttv »alaf t.Utfu. At* AKjminlyr MhMftt Me abOM £25 1 0 0 4 1 0 MO Am 986.2 0.4 13.0 0.06 28 0.01 lt MO*" 9,20 1.0 16.6 0.10 43 0.04 />r> mm NoabQM635 3 0 0 0409 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration368 1998-02-10 40 But Tnrnbull is determined that airline will weather difficult period AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd managing director David Turnbull said the airline, as well as Hongkong and the region, may yet encounter some "nasty storms ahead". Writing in the company's weeklyAFX-Asia; FILE PHOTO - 368 words
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419 1998-02-10 40 It suffers another setback with collapse of Channel project Bloomberg [LONDOI"?] Richard Bransan may have conquered the airline business, but his other great passion trains is proving far more difficult to master. Already facing unprecedented criticism because of delays and breakdowns onBloomberg - 419 words
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146 1998-02-10 40 AFP [TOKYO] Former lawmaker Eitaro Itoyama has become the largest shareholder of Japan Airlines Co Ltd (JAL). holding "slightly less than a 3 per cent stake", a JAL official said yesterday. Mr Itoyama's holding now eclipses the stakes of Tokio Marine and Fire Insurance CoAFP - 146 words
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Article, Illustration339 1998-02-10 40 Italian govt assures that airline will stop undercutting fares Reuters [BRUSSELS) The European Union's Transport Commissioner Neil Kinnock said he has reached an accord with the Italian government on state airline Alitalia's pricing policy and consequently the EU executive would no longer need toReuters - 339 words
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Article1549 1998-02-10 40 CITY UlOMl IT* FLIGHT CTO ',0804 10?) Abu CXwbi CV794 2)00 Hanoi VMM) 1)10 ¥***** 1410 MMM 6A7)6I 19)0 6A7J82 2050 74J oui njo on? ?ovo H«t T*i ro«or isao ***** ims S0229 2220 "1895 2150 Mi»% 1815 Anita<«aai SO)27 0810 U644 0121 Ho CM Mlnh1,549 words
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Page 25 Advertisements
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Advertisement23 1998-02-10 25 Cheap neighbours threaten HE port Competition is heating up, it has to work hard to stay as No 1 container port. Page 223 words
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Advertisement410 1998-02-10 25 Nasty storms ahead for Cathay But MD confident that airline will weather difficult period. Back Page People Sooho Cho, president of Hanjin Shipping, has been re-elected chairman of the Korea Shipowners' Association (KSA). Mr Cho. who was formerly the vice-chairman of KSA from 1994 to 1996, was also the association's410 words
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Advertisement799 1998-02-10 26 I wr ott yam 5a u m vnsa vor ju Imml mm fuJi laxjno I sm kiamuomti uwtn ij/oi u/ii M/oi ii/m boiioi ~tn ii/oi is/ii m/oi 10/01 05/ M m/m io/m UMSMT IMM 14/01 19/11 19/11 M/M 19/01 HOMttOUOAI HI M/ 11 11/01 01/01 M/ 01 11/01 14/ M799 words
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Advertisement623 1998-02-10 26 '< W />C*S "5C"55«' 6 3 I*INl!j W MnWI O t»-« Regittry 'J to.'.'Wvl Sr»oo">g V'l'y Sinjw/Ii ViM>rg A ivy,, ator Memoe's of the Sroaocxe Freight Forwaraers Assocator SfflPPlNGTDjffiSOxura Just talk to us Iris Lim 740-2044 Jarrod Leong 740-2089 EXPCXn 3xJopon 2 Hongkong 1 Moo.* 1 Koaiw* KT. *o WCX623 words
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Page 27 Advertisements
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Advertisement1025 1998-02-10 27 I PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU IvEssa I vot Ina sin ra Iswnp I iax dim I mbw |o« mtc I«i hou mm API JAPAN 02H 05/01 07/01 08/01 23/01 27/01 21/01 28/01 29/01 29/0) 21/01 21/01 30/01 APUOMA 0211 12/01 14/01 15/01 30/01 03/021,025 words
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Advertisement2439 1998-02-10 27 HANJIN SHIPPING USA CANADA* [RHWi/voY |mI <« UNimm/vor m w m |01 —sr I m on mat rtt owi rw rm m h. hamouog 034t u/m h/m own m/m m/m w/oT" M/ 03 m/m m/m w/m io/m io/m u/m u/m q;/m w/w m/m H.HAMUtO 034 l 13/ M 14/ M2,439 words
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Advertisement102 1998-02-10 27 ORIENT EXPRESS UNES (U.K.) LIMITED OgfJ, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE WSSa VOY SINGAPORE tOMIAY VISSii VOY lOMIAY SINGAPORE SINARTOBA 223 13/02 22/02 SINAR TQ6A 222 01/02 13/02 OOCL ADMIRAL 013 16/02 25/02 OOCL ADMIRAL 012 04/02 16/02 KEDAH 012 20/02 01/03 KEDAH Oil 09/02 20/02102 words
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Page 28 Advertisements
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Advertisement1395 1998-02-10 28 {<£= DSR-SENATOR iml Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT Vtssa VO~ BW L£W BTIB AKT HAM BHV HJ VOKL WY ia RJ BTH OWY MAM Ml NANJN SAM FRANCISCO WMO7 10 02 27 B IIU 02 M BO] MB MM CHOYAM SUCCESS 808 10 01 ***** 201,395 words
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Advertisement1129 1998-02-10 28 Y lnterrkat w b Sl,# hn P //www yml.com. tx* LHJ rt, KA a inn* B3!lfsßl!l!llLli!Lfl4'rm.'li'HJJll:lilJJHll BJil'Wl'U'l/iJMmU'lJmmi'JMl ARRIVAL RXH> DAY-tuboay VISttL wor lim fkt ham anr hfa sin MING MOON Ami SLD SID SID SIO SLO ICVO2 OOVtR BRIDGE A752E SID SLD SID SIO SLD 17/0? MING STAR AOOIE SID1,129 words
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Advertisement505 1998-02-10 28 JESSELTON LINE I SS r TILj 28*3456 MXi *****13 MUARA" LABUAN 1 vissa vot no n* vissa vot nt nt srati MUARA STOW LM Artll G4.OTT VO4I/W 12/02 15/02 AfM GLORY VO4I/W 12/02 H/02 J.FROSFB VOSI/W 17/02 20/02 IF*OSFB V0«/* 17/02 21/02 AFRtGLORT VOSI/9I 21/02 24/02 Am GLORY VOSI/W 21/02505 words
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Page 29 Advertisements
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Advertisement1275 1998-02-10 29 IVES3CL VOY SIN BKK POU PKO PIN BLW «UW BA 1 BIK IRAN G HEY A MAT PJL-1272 11/02 20/02 EBE OLDENDORF PJL-1277 14/02 23/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAIJAN. ARMENIA, KAZAKHSTAN. UZBEKISTAN, TURKMENISTAN. KIRGISTAN, TADZHIKISTAN 5 GEORGIA VIA B. ABBAS. BIK AG£NT1,275 words
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Advertisement1766 1998-02-10 29 HOT-LINE TEL: *****35 SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD HZ-MMSUDG SAUS/IKGS 4205M1/43 INWARD MPT (O/O) *****65 COSTAR AGENCIES (M) SDN BHD (R NO: **********01 TQWIRJWOjO666O9)_CONVENTK>IIAt *****50/55 T/SHPMT DIPT *****25 TEL 02-07-35 ***** FAX: 02-07-*****70 VSI/VOT S»1,766 words
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Advertisement590 1998-02-10 29 EASTERN CAR UNER, LsJ Ea (SINGAPORE) PH ltd smuuzi IN ROUP A HEAVY UFT UPTO 122 TOWS 1 EGL (SiNGAFORE) PTE UV LOADING FOR PORT KLANG/MUARA LAEM CHABANG MV "ORANGE SKY V.78 MV "ORANGE MOON" V.98 ETA SIN 10/02/98 > 4/***** ,/02/ 8 ETA S*M 10/02/98 EtA LCB 14/02/98 JEBEL590 words
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Advertisement1360 1998-02-10 30 EUROPtAIK/SCAKW WAVIA/H NLA* D/RUSSIA SGP RON ANW HBG THP ZEE LHV LMV TUP ROM ANW HIG PW. SGP E ROUNO RW-030 14/02 06/03 11/03 07/03 ***** 10/03 11/03 E GALLANT RE-064 21*1 20*1 22/01 24*1 11/02 E RENOWN RW-027 22/02 IS/03 16/03 14/03 16/03 17/03 11/03 E GROUP RE-067 204)11,360 words
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Advertisement888 1998-02-10 30 tAI MAC-NELS S'PORE M SIA Carrier: MN CONTR LINES, INC l-fVy Vv) CW ttth IaoOSTMOOM SJBU (064) *****9 MANLA: (632) *****61 V PEMANQ: (04)*****36 BANGKOK: (662) *****67 SURABAYA: (31 >*****0 P- KELAHQ: (03) *****77 JKT. (21) *****07 MOH: (61) >***** KUCHNQ (062) *****1-3 TYO/YOK/OSA/UKB GENOA/BARCIIONA MV "ASIAN PEGASUS V.N046 MV888 words
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Advertisement408 1998-02-10 30 rca. NANTAI LINE j FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA vessel I vor I so mi 1 dw 1 err I jgaT jjjWMMItOi 004S 10/0? 20/07 24/02 M/W NAMUIftttKE 020S 16/0? 02/03 (X/ 03 02SS 22/02 02/03 04/03 W/P3 GOIDfN IXAGOU 003S 01/03 11/03 15/03 lt/03 NAMtt) PtIIKESS 020S408 words
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Advertisement576 1998-02-10 31 i BSA it. mm MYANMA FIVE STAR LINE (Myaomoar Notional lino)' 1 loading for Yongon (Rangoon) VISSII vor SIN PKG PIN PGU smwi 79W IN PT HPA-AN 240W 11/02 MALAYSIA AGINTS: OOUSTUO SHIPPING AUNCKS KUL TR 02-03-*****00 PKL 111 02-03-*****01 PIN: TH 02-04-*****02 PGO: TIL 02-07-*****21/4 BANK LINE (A I4rvi(4576 words
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Advertisement1212 1998-02-10 31 A HYUNDAI MERCHANT MARINE CO. LTD. I row vot_ SWM W ant mWV 111 Iyism vor|MM|UH|ww|<w|HMi|wy|reiail NOl LOUTt 301W 13/02 M/ 0) 07/01 01/03 03/0) 03/03 03/0) HT OUU JO* 77/01 29/01 27/01 25/01 25/01 27/01 14/02 HYMKRIKM )10W 16/02 04/03 05/03 07/03 07/03 07/03 10/02 HYCOMOMOOOI3IOI 79/01 05/01 03/021,212 words
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Advertisement946 1998-02-10 31 norwegon ipeoohzed oufocorners Q@g(oj(? TO NORTH AND LATIN AMERICA IVISSII VOY RAMP HtIOHT SIN LAX CRI MIA SAV lAI QRF NYC NEW »0» TAROMGA FBO4 400 Tom 6.3 M 12/02 10/03 IS/03 21/03 23/03 2S/03 26/03 27/03 01/04 OS/04 TAIKO FBO5 400 T«n 6.3 M 28/02 23/03 05/04 01/04 10/04946 words
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Page 32 Advertisements
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Advertisement793 1998-02-10 32 BANQKOK/LAEM CHABANQ JAKARTA/PANJANO VESSEL VOY SIN SIKK LCH VESSEL VOY SIN JKT PJN ORA BHUM" 43N In Pt 13/02 DEJA BHUM 7348 In Pt 13/02 12/02 NAWTA BHUM 380N In Pt 14/02 13/02 XETHA BHUM 22SSB 12/02 14/02 SINO OCEAN OCNQ63 11/02 14/02 XETHA BHUM 22SS 12/02 14/02 BAN! BHUM"793 words
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Advertisement128 1998-02-10 32 GEMARTRANS 4 SAMJNQB WEEK TO HCM. W s VANXIMN (SOW 11/O7 It/OI MfLMH MOM 14/07 17/01 UU MUM «ON 14/07 19/01 GUAM »M 7 17/07 70/07 MOJNH DOM I 70/07 73/07 2 SAILINGS WEEK TO HAIPHONQ Visa I HOY I IN MTM XIANG SHAN 9004N 17/02 11/07 MBJNM QQ4I I128 words
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Advertisement384 1998-02-10 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****88 FAX: *****64 TLX R*****6 SJNMER CR No: **********0W Receiving Cargo at PTI Blntulu Muara rasa vgj JM mi ***** Yfi! J1 8«a IM Vflo3t 14 IS/0? 70/0? *U* VWO7I IJ-IV0? It/W E lIS/E *foo3f 1/1 I/O? 72/0? IS«r»384 words
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Advertisement541 1998-02-10 32 A ACCORD A SHIPPING PTE LTD B TIL *****15 (40 Lin**) FAX *****30 KMT UA/tG (03) 307 1001 K M OMICT ACCESS TH: *****55 (EXPORT BOOKING) HSB CUOAMG (07)35) /J/7 *****34 (EXPORT DOC), *****39 (IMPOST) ffftMK (04)*****41 USL: HTTP://WWW. ACCOSO.COM. SO UJUUtU (71)*****70 WSA/ H)tr mm 1 pot? rasin pot541 words
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Page 33 Advertisements
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Advertisement407 1998-02-10 33 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE ~VSL VOY PORE I A DAM/ROAM |H BUNG BREMEN] ANTWERP KUTAI 27 2 il OMIT 5/3 TO AUSTRALIA FULL CONTAINER SERVICE vs. wy_ prgi Hit I BNE I SYO I Mil I «A I UK. |fflt I NOICRYSTAL VMS 2401 31«1407 words
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Advertisement1109 1998-02-10 33 ADVANCE CONTAINER LINES (PTE) LTD AO I 140 Cec s re *< #12-00, PIL Building, Singapore *****0 La TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 BANOKOK JAKARTA PORT piAILAWD H MMypg VOY SSi HOC VtM<l VOY SM JKT Tittij 11/09 wwi 14/09 O1,109 words
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Advertisement964 1998-02-10 33 VESSELS VOY SIN I JED I MLA LEH" HAM THP HTM ZEE VILLE D'AQUARIUS U24W 16/02 24/02 26/03 02AM 06/04 07/04 07/04 jW> VILLE DE AMTARES L24W 24/02 04/03 00/03 14/03 17/03 IMX3 18/03 19/03 VWXEDE VIRGO S24W 03/03 12/03 16/03 22/03 23/03 25/03 2MB 26/03 VILLE DE NORMA N24W964 words
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Advertisement56 1998-02-10 36 To retrieve more schedules, Just follow these simple steps... document l) ittl ep be faxed JT iy\ %M PrBSS 1 rjjz' the port ste ste P nd ke y m the four hone number ftjf digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 OJ56 words
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Page 39 Miscellaneous
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Miscellaneous130 1998-02-10 39 LEGEND: R Thunderstorm Temperoture c Shower Weother Wind direction wrth speed in knots ee Rom V-x Cloudy Sky Wov h h S-*K. winds ore indicated by arrows which fly with the wind One fuK circle represents calm or kght and vor.oble wmds One hoH Heche represents 5 knots I—One Ml130 words
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Advertisement74 1998-02-10 40 -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740*6000 Press "1" key in Document Code Key in fax number Enter pur phone number I 13iBtel[. n ITTIR WAV. II No static No cross talk No channel delays M No eavesdropping74 words
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