The Business Times, 19 October 1998
1998-10-19
1
38
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The Business Times
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Title Section14 1998-10-19 1 MITA (P) 110/12/97 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ MONDAY, OCTOBER 19, 199814 words
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Article75 1998-10-19 1 FOBEX KATES USS St USI 1.824 f (USt/Stperf) 1.606 1757 DM 1J16 1.006 YEN 1112 1.S97* KM .3.800 0.427 HK» 7.748 0110 BAHT 96.06 0.043 RUPIAH 8,400 .0.0ir *81 to 100 raits PUKE BATES SINGAPORE* 7.52 KUALA LUMPUR 11.60 JAKARTA 28.00 BANGKOK 14.71 MANILA. 2196 HONGKONG IMS TAIPEI &8075 words
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Article47 1998-10-19 1 wocminBrmniog Vfeek Change STI 1,119.«0...+142.96 SIMSC1FLTURES.... 175.00 +26.90 BMW. KLSECOMP S9&26 +24.04 NIKKEI 12,280.54....+400.57 HANG SENG. 9,777.01.+1,270.22 SET INDEX 2192. +26.72 JAKARTA COUP. J»7.M....„+22.75 MANILA OOMP—1,427.36.. +126.00 TMPHWPI. -42.96 8B0ULC0MP >82.47 +45.04 CLSA CHINA B. 710.89. 49 99 AU8T ALLORD—1,511.40. +20.10 DOW JONES 8,416.76 +517.2447 words
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Article, Illustration819 1998-10-19 1 Andrew Marks in New York; Neil Behrmann in London - But c&ntion still rules and few are ready to splurge yet From 4 Andrew Marks in New York and Neil Behrmann in London THE spectacular 8 per cent rally on major Asian stock markets on Friday has brought the regionSource: Bloomberg - 819 words
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Article, Illustration970 1998-10-19 1 Ruth Wong - Analysts see new taxes to fond deficit as govt ops spending From Ruth Wong in Kuala Lumpur FACED with a recession and an economy still adjusting to the recent capital controls, the Malaysian government is likely to present an expansionary budget this970 words
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461 1998-10-19 1 Ronnie Lim - By\ Ronnie Lim [SINGAPORE] Competition is hotting up for the $3 billion Tuas Power (TP) company that is developing Singapore's newest power station, with strong indications that a third group could emerge to bid for the 60461 words
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643 1998-10-19 1 Ang Wan May - Rentals expected to drop 10-15% over the next 12 months By, Ang Wan May [SINGAPORE] The battle to sustain occupancy levels at shopping malls is likely to cost landlords some $150 million in lost rental revenues over the next643 words
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Page 1 Advertisements
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Advertisement163 1998-10-19 1 DWDM Cot ia levy? The Singapore government is open to the idea of cutting the foreign workers' levy, a bugbear of construction companies which are already hurting from the declining number of projects, Pg 4 SAP's bank targets German software firm SAP hopes to increase its business sixfold next year163 words
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Advertisement13 1998-10-19 1 European pollster checks out investors'mood, Pg 13 Privatisation at what price? Pg 1313 words
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Advertisement180 1998-10-19 1 I V iTTTrrT j $uum jftf/ ®jjß^-^-' i I 11 l i,4*f VBC^9bd3flfTV l^^ f SIIW YAW ROONO Malting waves [SINGAPORE] This is SuperStar Leo, Star Cruises' latest USs3somillion investment to recreate the romance qf the high seas. The cruise operator, controlled hyGenting's Lim Goh Tong, will base its new180 words
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ASIA'S ECONOMIC SLUMP
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845 1998-10-19 2 Anthony Rowley - It berates Asian banks for disregarding credit analysis, risk pricing From Anthony Rowley inTbkyo THE huge magnitude of Asia's banking system crisis is put into perspective in a newly published report from investment bank Lehman Brothers which estimates the total amount of845 words
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350 1998-10-19 2 KUALA LUMPUR Reuters MALAYSIA'S financial system is bracing for an onslaught of new bond issues as the government puts into action its plan to help the country's ailing financial and corporate sector. Treasury managers said the flood will skew their debtReuters - 350 words
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Article, Illustration356 1998-10-19 2 Unemployment expected to show rise in update today Reuters [HONGKONG] A round of interest rate cuts has given Hongkong a glimmer of hope that economic recovery may be around the corner, but analysts say data to be released soon could dent that optimism. RaphaelReuters; AFP - 356 words
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Article, Illustration655 1998-10-19 2 Vikram Khanna - CRISIS WATCH International financiers too are prone to the opaqueness and cronyism they cry foul abont By Vikram Khanna IN the Q&A that followed one of the sessions at last week's East Asia Economic Summit, an Indonesian participant stood up, and after apologising in advance655 words
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299 1998-10-19 2 Critical for Asia, Europe to grow to avert new turmoil Reuters [WASHINGTON] US President Bill Clinton on Saturday praised Japan's steps to reform its fragile banking system, and said world financial health depended on quick economic reform in Tokyo. Mr Clinton saidReuters - 299 words
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175 1998-10-19 2 Reuters [SINGAPORE] Thailand's risk rating has benefited from the stability of the baht, much improved liquidity and lower interest rates, but has still increased slightly, reflecting political uncertainty in advance of elections, the Political Economic Risk Consultancy (Perc) said. Perc said inReuters - 175 words
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255 1998-10-19 2 Reuters [MANILA] The Philippine central bank said the country's foreign debt stock inched up to U5545.78 billion (5574.3 billion) by the end of June from U5545.5 billion at the end of 1997. But foreign debt would have breached the US$5O billion mark hadReuters - 255 words
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Page 2 Advertisements
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Advertisement8 1998-10-19 2 tubman has USs2.Bb of junk loans, Pg 148 words
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Page 3 Advertisements
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Advertisement204 1998-10-19 3 FIVE AWARDS. ONE WINNER. Jean-Frangois Pernette, for exploring some of the world's most inaccessible and spectacular limestone caves. The five exceptional individuals H opposite have just received Rolex Awards for Enterprise 1998. i Created over twenty years ago to mark the development of the Rolex Oyster, these biennial awards are204 words
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SOUTH-EAST ASIA
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533 1998-10-19 4 KUALA LUMPUR Both leaders urged to respect Asean's policy of non-interference AFP MALAYSIA'S top dailies hit out yesterday at Indonesian President B J Habibie and Philippines President Joseph Estrada for their criticisms over the case of sacked deputy premier AnwarAFP - 533 words
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313 1998-10-19 4 JAKARTA Indonesian president encouraged by better treatment of Anwar Reuters AFP INDONESIAN President B J Habibie will attend next month's summit meeting of the Asia Pacific Economic Cooperation (Apec) forum in Kuala Lumpur, a presidential aide was quoted as sayingReuters; AFP - 313 words
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345 1998-10-19 4 JAKARTA AFP THE chairman of Indonesia's ruling Golkar party has admitted that the party made a mistake in concentrating power in the hands of one man and pledged it would not happen again, reports said yesterday. But Akbar Tanjung didAFP - 345 words
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Article, Illustration356 1998-10-19 4 JAKARTA AFP THE head of Indonesia's most influential Islamic movement said he knew the "master puppeteer" behind a wave of over ISO murders in East Java, and claimed the deaths were politically motivated, a report said yesterday. But Abdurrahman Wahid, leaderAFP - 356 words
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150 1998-10-19 4 MANILA AFP PHILIPPINE President Joseph Estrada has sacked an assistant provincial prosecutor as part of a nationwide campaign against corruption, a palace statement said yesterday. The statement said Mr Estrada sacked Carlos Barbero of northern Abra province for "gross dishonesty and serious misconductAFP - 150 words
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291 1998-10-19 4 HANOI AFP THE central committee of Vietnam's Communist Party renewed its determination to pursue economic reforms with an emphasis on developing agriculture at its just concluded plenum, the Vietnam News Agency (VNA) said yesterday. VNA published the results of the party plenum, which was heldAFP - 291 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration506 1998-10-19 4 S'pore will make adjustments to stay competitive, says Lee Boon Tang The Straits Times THE government is open to the idea of cutting the foreign workers' levy, a bugbear of construction companies which are already hurting from the declining number of projects. SignallingThe Straits Times - 506 words
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CHINA-HONGKONG TAIWAN
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468 1998-10-19 5 BEIJING Chinese president hails envoy Koo's efforts to improve ties, says Xinhua Reuters A SENIOR Taiwan envoy met China's President Jiang Zemin yesterday in the highestlevel contact between the two rivals on Chinese soil for almost five decades, sealing a new warmth inReuters - 468 words
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324 1998-10-19 5 HANOI Phan Van Khai to discuss Asia crisis with Chinese leaders AFP VIETNAMESE Prime Minister Phan Van Khai starts a five-day visit to China today aimed at bolstering economic and trade ties as the two nations fight the Asian economicAFP - 324 words
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140 1998-10-19 5 BEIJING AFP HONGKONG Chief Executive Tung Chee-hwa on Saturday discounted the knock-on effect of the recent collapse of the Guangdong International Trust and Investment Corp (Gitic) and said the move was positive. "Let me tell you this, the cleansing of Gitic orAFP - 140 words
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208 1998-10-19 5 HONGKONG AFP FOUR Hongkong activists yesterday spent their fifth day on hunger strike calling for Chief Executive Tung Chee-hwa to resign as support for their protest grew. "We will continue until we cannot hold out any longer," vowed Tsang Kin-shing, aAFP - 208 words
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Article, Illustration508 1998-10-19 5 Lu Ning - SINGAPORE By] Lu Ning CHINA is likely to overtake the US as the world's largest economy in just a little over 15 years, says a new study recently published by the Organisation for Economic Cooperation and Development. In 2015, China's gross domesticSource: Economic - 508 words
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Page 5 Advertisements
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Advertisement205 1998-10-19 5 One company offers complete, value-for-money solutions sounds, it's a complex business operation supported to help prevent poor security nibbling away at your profits, five major divisions at CISCO. The tried and tested and gnawing at you. CISCO. expertise of these divisions is available to you not just in Singapore, but205 words
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ASIA
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342 1998-10-19 6 CANBERRA Howard revamps labour departments but keeps key economic posts intact Bloomberg AUSTRALIA'S Prime Minister John Howard, narrowly re-elected in the Oct 3 national election, has handed the challenging employment portfolio to Industrial Relations Minister Peter Reith. As expected, though, Mr Howard hasn'tBloomberg - 342 words
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Article, Illustration70 1998-10-19 6 [SYDNEY] W7f/i the Sydney Harbour Bridge in the background, street performers attempt to hold on to their dresses in windy conditions as they entertain tourists on the forecourt of the Sydney Opera House yesterday as part of its 25th birthday celebrations. There has been a month-longAFP - 70 words
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308 1998-10-19 6 SEOUL Reuters SOUTH Korea will today reveal who has won the long-an-ticipated auction for debt-lad-en Kia and Asia Motors, with Ford Motor Co seen as the likely winner. The government, which virtually nationalised the carmakers when state-owned Korean Development Bank became itsReuters - 308 words
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481 1998-10-19 6 BOMBAY Country's largest mutual fond seen as too big to fail Reuters NEW Delhi is drawing the wagons round the wounded Unit Trust of India (UTI). The finance ministry, the central bank, its famUy of public sector banks and other financialReuters - 481 words
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263 1998-10-19 6 ISLAMABAD AFP INDIA and Pakistan yesterday vowed to reduce the risk of nuclear conflict and keep up efforts to And a solution to their decades-long dispute over Kashmir, a joint communique said at the end of three days of talks here. The delegationsAFP - 263 words
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335 1998-10-19 6 NEWDELHI AFP INDIA'S largest carmaker yesterday said it was unfazed by competition from three major players who are launching mass-appeal cars here and would not introduce new models to ward off competition. Maruti Udyog Ltd managing director Ravela Bhaskarudu told the Press TrustAFP - 335 words
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232 1998-10-19 6 DHAKA 5,000 troops on hand to keep eye on second opposition-led strike Reuters A GENERAL strike crippled the Bangladesh capital yesterday, a working day in the Muslim country, with rickshaws the only transport to be seen. The dawn-to-dusk strike was called by theReuters - 232 words
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Page 6 Advertisements
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Advertisement22 1998-10-19 6 a I SSitSsßs SpSwSßjS"'' gjatgggsa 235— ■■<■<>•«>■>■ I'v jjjWNflsfiKS^SSß 1 „,?o»«III ~*+i —m« pfc. -v!|||BMKßffi|MßßßH|P|ißgMßg}gMajßi*yK^ Thursdays China Watch by Lu Ning TheßusinessTimes Singapore22 words
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THE WORLD
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Article, Illustration391 1998-10-19 7 MOSCOW Reuters RUSSIAN President Boris Yeltsin spent the weekend resting at a country house amid continuing calls that he should step down and a threat by parliament that it would try to force him out. A recovery in Russia's nearly wiped-out stock market lastReuters - 391 words
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331 1998-10-19 7 [OPORTO, Portugal] Drive by Japan to encourage growth needed too, he says Reuters PORTUGAL'S Prime Minister Antonio Guterres said yesterday that the United States and Europe must coor-. dinate further rounds of interest rate cuts to help the world out of economicReuters - 331 words
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272 1998-10-19 7 MILAN Central banker: don't assume rate will be that in core nations Reuters EUROPEAN Central Bank (ECB) board member Tommaso Padoa Schioppa said it was a mistake to assume Europe's single interest rate would be set at German levels. "It isReuters - 272 words
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440 1998-10-19 7 WASHINGTON Antitrust suit to feature accusations of technological blackmail, bribery Bloomberg A COURT trial that pits the world's largest software maker, Microsoft Corp, against federal and state antitrust enforcers is scheduled to open in Washington today. The match-up promises a showdown over accusations ofBloomberg - 440 words
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Article289 1998-10-19 7 WASHINGTON LAT-WP LAWYERS for Paula Jones formally presented a US$2 million (553.2 million) settlement proposal to President Bill Clinton's legal team on Saturday, but White House advisers are strongly opposed to the deal and believe Mr Clinton will reject it, according to sources. In exchangeLAT-WP - 289 words
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Page 7 Advertisements
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Advertisement87 1998-10-19 7 m 1998 Westin Hotels Resorts w*m Hces tKtffdetails right. likes to make an impression. tikes fresh flowers every morning.^^^^^^^^^^^^^^^^ B HP j tfP HOTELS RESORTS" Whether it's an important business presentatidn or fust a much-needed getaway, you'll find our arrangements simply perfect. Perhaps thJfs why those who like more like87 words
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FOCUS: WORLD FINANCIAL DISORDER
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Article, Illustration1070 1998-10-19 8 Robert Samuelson - Global markets and economies are in disarray and no one can find a clear way out Throw in weak leadership and the world's economic boat looks leaky indeed Hy Robert Samuelson The Washington Post DONALD Tsang, a dapper man who favours bow ties,The Washington Post - 1,070 words
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Article, Illustration1005 1998-10-19 8 William R Long - That's Gary Lewis' strategy at his Van Kampen Emerging Growth fond By' William R Long NYT [NEW YORK] "I've got a calm personality, so I don't get too excited when we go way up, and I don't get too down whenNYT - 1,005 words
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Page 8 Advertisements
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Advertisement40 1998-10-19 8 MERIDIEN SINGAPORE HOTELS IN ASIA-PACIFIC: BALI BANGKOK ISLE OF PINES 98 JAKARTA KOH SAMUI MEDAN '99 MELBOURNE NEW DELHI NOUMEA TAHITI 9H PHUKET PORT VILA BORA BORA 98 SAIPAN 99 SINGAPORE SINGAPORE CHANGI THE GOLDEN TRIANGLE TOKYO TOKYO II 9840 words
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Advertisement68 1998-10-19 8 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg68 words
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BUSINESS IT
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Article, Illustration571 1998-10-19 9 Raju Chellam - Compliance in 60 days or less is the fastest in S'pore so far By\ Raju Chellam [SINGAPORE] Two leading IT companies Oracle Corp and Hewlett-Packard Company last week signed up with seven other business partners to offer what they call "the571 words
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Article, Illustration441 1998-10-19 9 Toh Han Shih - It also hopes to expand its business sixfold Toh Han Shih [SINGAPORE] German software firm SAP, which entered the Asian banking market only a few months ago, hopes to increase its business sixfold next year from a small base this year. It isCHRIS LOH - 441 words
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IT TAKES
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Article52 1998-10-19 10 (SINGAPORE) Hog, a French software firm, has launched its Local Industry Upgrading Programme (LIUP) with the National Computer Board. Under LIUP, IT firms in Singapore can access the expertise of IT multinationals like ILOG and expand their international market reach through the channels of52 words
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48 1998-10-19 10 [SINGAPORE) Telekom Malaysia will be offering a new form of information access to its customers based on Software AG's EntireX Message Broker technology. EntireX enables Telekom Malaysia to access up-to-date business data to support its various consumer-marketing programmes to win and keep customers.48 words
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81 1998-10-19 10 (SINGAPORE) Microsoft and Nanyang Polytechnic have signed a memorandum of understanding to jointly set up in Singapore the first Windows CE Innovation Centre in South Asia. This centre aims to showcase Windows CE technology, offer training and support on Windows CE Application Development,81 words
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50 1998-10-19 10 [SINGAPORE] Pacific Internet and Apple Computer announced have an alliance where Apple's iMac computer will be bundled with the Internet services from Pacific Internet exclusively in Singapore. This bundling offer allows local iMac users to enjoy a complimentary six-month subscription to Pacific Internet's services.50 words
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Article63 1998-10-19 10 [SINGAPORE] National Computer Systems (NCS) opened a subsidiary in Suzhou Industrial Park, China, on Oct 14. This subsidiary, NCS Information Technology (Suzhou) Co Ltd, is fully owned by NCS. It will initially focus on application development of projects secured by NCS in Singapore. The subsidiary will63 words
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Article49 1998-10-19 10 (SINGAPORE) NCS has also recently signed a one-year contract to provide Enterprise proActive Support Environment Services (EASE) and Professional Support Services (PSS) to the Ministry of Community Development in the Republic. EASE is a subscription-based service by NCS that assists customers in managing IT resources.49 words
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Article80 1998-10-19 10 Toh Han Shih - Compiled by 1 Toh Han Shih [SINGAPORE] Olicom, a supplier of networking solutions, has appointed Rodney Yap as its Asia managing director. Mr Yap, based in Singapore, will oversee the company's sales, marketing and distribution for Asia except Japan. Prior to joining Olicom, Mr Yap was80 words
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Article, Illustration611 1998-10-19 10 Toh Han Shih - HP and Netscape offering solutions to existing and new ISPs to achieve this /it/ Toh Han Shih (SINGAPORE) Now that Sin gapore's Internet Service Provider (ISP) market has been liberalised further, Hewlett-Packard is eyeing companies which hope to be new ISPs611 words
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255 1998-10-19 10 [SINGAPOREI SINGAPORE One, the national high-speed network, will be a testbed for a research and development (R&D) centre IBM is setting up to develop applications for high-speed networks. Speaking at the recent launch of the IBM Emerging Technology Centre (ETC}, National Computer Board (NCB)255 words
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ON THE SHELF
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Article, Illustration87 1998-10-19 10 CANON Marketing Services has introduced the BJC-5000 inkjet printer (above), calling it the "world's first printer to incorporate a dual ink cartridge system". The combination of ink cartridges can produce 1,440 dots per inch (dpi) output in seven colours. At the moment, the industry's highest quality87 words
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Article63 1998-10-19 10 INTEL Corp has announced the fastest speed version of its Pentium II Xeon processor, running at 450 MHz, designed for use in dual-processor workstations and servers. Intel said 11 vendors, including Compaq, Dell, Gateway, IBM, HP and NEC had announced plans to ship systems based63 words
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Article63 1998-10-19 10 DELL Computer Corp has announced Power Edge 4300, a new department-level server that offers significant increases in system performance, 100 per cent improvement in rack density and more than twice the internal storage over its predecessor. Prices start at $11,175, and the system is63 words
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68 1998-10-19 10 GATEWAY 2000 Singapore has introduced its new build-to-order PC server designed specifically for small businesses. Called ALR 7300, it runs on either single or dual Pentium II Xeon 450 MHz processors and comes with an integrated 10/100 Ethernet controller, 11 storage bays, six PCI and68 words
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Article87 1998-10-19 10 IBM Corp has announced three new Netfinity Windows NT servers that incorporate enhancements drawn from its mainframes, and deliver "new levels of speed, reliability and management performance that was previously out of reach of Win NT class servers", IBM said. The Netfinity 7000M10 runs on87 words
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59 1998-10-19 10 KODAK Professional Singapore has announced upgrades to its 2042 (42-inch) and 2060 (60-inch) large format Inkjet printers, including an extra-wide colour gamut of new pigment inks, dye-based inks for indoor and outdoor applications and an upgraded raster image processor with Kodak Colour Flow Management Tools59 words
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Article75 1998-10-19 10 Raju Chellam - -Compiled by: Raju Chellam XIRCOM Asia-Pacific is now shipping its new Real Port Cardßus Ethernet 10/100, Real Port Ethernet 10/100 and Real Port Modem 56-GlobalAccess for notebook users. The Cardßus is a 32-bit solution for connecting Cardßus-equipped notebooks to Ethernet networks via a cable-free integrated75 words
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Page 9 Advertisements
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Advertisement257 1998-10-19 9 IP Mk Vk M Vk Asian currencies and stock IWk Vfc I Hjß P markets experiencing unprecedented H! fmM ftl I volatility, you need your own copy of than ever before. As markets reel and rock, The Asian Wall Street Journal's H liWHi. unmatched coverage and professional HhT I m257 words
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Page 10 Advertisements
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Advertisement46 1998-10-19 10 Who says a recruitment Ad has to be boring? mm. ■-loa" -mull For moro information on Creative Ads, call: KF.ijKI TIT Susan En <> 740 6160 J A. JL Florence Knng 740 6161 Judy Tan 740 6163 f LowChehChiwn 740 6171 JtOf IObS Desmond Kan 740 617546 words
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Advertisement341 1998-10-19 10 21st 22nd October 1998 Wednesday Thursday Raffles City Convention Centre •3~C J Level 4, Westin Stamford FPgg KFYNOTF ADDPESS Opening a World of Business Solutions by James P. Kelly, Vice President, Data Management; Software Solutions Division, IBM In (his keynote address. Mr. Kelly w ill explore the convergence of business341 words
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Page 11 Advertisements
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Page 11 Miscellaneous
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Miscellaneous803 1998-10-19 11 TV&RADIO Premiere 12 (See Our Choice). Naal. 6.00 Wheel Of Fortune. 11.00 Deepavali Telemovie: 9.00 AM Deepavali Special: 6.30 The Pyramid Game. Thendral Sudum. River Traders (See Our 7.00 News 5At Seven. 12.30 PM Deepavali Variety B ia aa i, ,-i o 730 Go Green. Special: Deepa Ulaa. V|' 10.00803 words
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Miscellaneous135 1998-10-19 11 CRYPTIC CROSSWORD 9 One who is not still in jour- SATURDAYS SOLUTION 1 Some soda-water produces a nalism (6,8) IslcirlaiplelrlsMsl II 1 sensation (6) 15 Willingly permit it to remain iLyAyuyEpMß^Bulivl 2 Exit hurriedly when dis- unploughed (3,6) QWGfflNr7]skßcUy tlHe] missed (3,3) 16 Soundly breaks the spirit (8) 3 All-out135 words
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EXECUTIVE LIFESTYLE
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Article, Illustration621 1998-10-19 12 ELEANOR RINGEL - Movies on van Gogh and Picasso zoom in on their idiosyncrasies, says rutgel ELEANOR RINGEL NYT WITH so many people going to the Vincent van Gogh exhibit in Washington, it seems a good time to look at artists on film. You'd thinkNYT; FILE PHOTO - 621 words
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Article, Illustration546 1998-10-19 12 P Y Van - MUSIC Tenor falters but pianist excels in last Friday's programme By P Y Van [SINGAPORE] Tenor love songs from the classics, opera and Broadway was on the menu for last Friday evening's recital given by tenor Rico Serbo and pianist Richard546 words
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Page 12 Advertisements
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Advertisement162 1998-10-19 12 NTT. Secure communications. 24 hours a day. 365 days a year. WhCn d global rcsources mean superior services? When NTT's your provider. ■V. SC3 r Under the brand name of Arcstar, we provide unrivaled telecommunications U V services. We'll install your network, tailor the operation to your needs, and even162 words
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COMPANIES & MARKETS
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Article, Illustration500 1998-10-19 13 Shiv Taneja - But 78% believe long-term potential of region's equity markets still intact By I Shiv Taneja [SINGAPORE] More than 8 out of 10 respondents (82 per cent) in a survey of European financial experts believe it is too earlySource: - 500 words
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Article, Illustration809 1998-10-19 13 Eddie Toh - MAREBT MATTERS Need for Malaysia Inc to take fresh approach In carrying It out By i Eddie Toh MALAYSIA'S first recession in 13 years has taken a heavy toll on the economy's main engine of growth privatisation. Over the next few months, the government is expected809 words
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REGIONAL/INTERNATIONAL COMPANIES
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365 1998-10-19 14 After the plant is expanded and privatised, it will seek ELSE listing Reuters [KUALA LUMPUR] Malaysian electricity generator YTL Power International Bhd has signed a deal to expand and privatise a power plant in Zimbabwe, the company said over the weekend. "TheReuters - 365 words
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144 1998-10-19 14 AFP [TOKYO] Japan's Space Communications Corp has agreed to a tie-up with Singapore Technologies to provide a data communication service via satellite, a business daily said yesterday. The Mitsubishi group firm and Singapore Technologies' affiliate, Singapore Technologies Telemedia Pte Ltd, will launch their jointAFP - 144 words
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476 1998-10-19 14 Revenue from managing networks np, hardware sales back on track Bloomberg [ARMONK, New York] International Business Machines Corp is expected to report higher third-quarter earnings tomorrow as revenue from managing companies' computer networks surges and hardware sales get back on track. The world's largest computerBloomberg - 476 words
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Article, Illustration353 1998-10-19 14 Bloomberg [BATTLE CREEK, Michigan] Kellogg, the world's top cereal maker, said earnings will drop a steeper-than-expected 20 per cent this year because of slow sales in the US and UK, its two biggest markets, and falling currencies. That puts profit at theBloomberg; FILE PHOTO - 353 words
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Article445 1998-10-19 14 Bloomberg (WASHINGTON) Lehman Brothers Inc. the fourth-larg-est US securities firm, had US$2.B billion (554.5 billion) of junk loans and commitments on Aug 31, indicating that it may be exposed to high levels of risk while investors are seeking to minimise risk. Lehman, by makingBloomberg - 445 words
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Article, Illustration402 1998-10-19 14 Bloomberg [WASHINGTON] Boeing Co, the world's largest aircraft maker, and Lockheed Martin Corp, the second-largest defence and aerospace company, have won four contracts valued at US$3.O3 billion (554.9 billion) from the US Air Force to develop new rockets to launch spacecraft.Bloomberg; FILE PHOTO - 402 words
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262 1998-10-19 14 NYT [CHICAGO] Caterpillar Inc, the world's largest manufacturer of construction and earth-moving equipment, said on Friday that thirdquarter profits fell 12.7 per cent because of weaker sales in Asia and greater competitive pressures that forced the company to lower prices around the world.NYT - 262 words
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234 1998-10-19 14 Reuters [TAIPEI] Microchip powerhouse Taiwan Semiconductor Manufacturing Co was seen posting a gloomy thirdquarter profit, but analysts said the worst will soon be over. Analysts said the closely watched blue chip, expected to announce its third-quarter profit after the close of stock tradingReuters - 234 words
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362 1998-10-19 14 New drug sales offset slowing demand for top-seller Zocor Bloomberg [WHITEHOUSE STATION, New Jersey] Merck Co, the world's largest drugmaker, said third-quarter profit rose 14 per cent as sales of new drugs, including asthma treatment Singulair, helped offset slowing demand for itsBloomberg - 362 words
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FINANCE & COMMODITIES
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360 1998-10-19 15 Bloomberg [SAN FRANCISCO) At least three more lawsuits were filed against BankAmerica Corp after the bank's shares plummeted 11 per cent last Wednesday when it disclosed a US$372 million (*****.7 million) loss on a loan to a hedge fund. One suit was filedBloomberg - 360 words
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Article, Illustration46 1998-10-19 15 [BOMBAY] Two sisters select gold necklaces at the store ofjeweller Tribhovandas Bhinyi Zaveri in south Bombay last Thursday. Despite India's economic downturn, demandfor gold has been surprisingly good as more people have been buying gold as a form of safe investment AFPAFP - 46 words
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136 1998-10-19 15 Bloomberg [WASHINGTON] Fidelity National Financial, a title insurer and real estate service provider, filed with the US Securities and Exchange Commission to sell as much as US$l5O million (***** million) of securities. The company may sell debt securities, preferred stock, depository shares, and common stock.Bloomberg - 136 words
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263 1998-10-19 15 Bloomberg TAL Investment Counsel Ltd, one of Canada's largest investment managers, is forming an alliance with Mellon Equity Associates, which will manage US stocks for TAL, a source familiar with the situation said. Under the agreement, expected to be announced within days,Bloomberg - 263 words
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Article, Illustration1702 1998-10-19 15 PRIME LEWDDIQ RATES am. S. ABN Anro Bank NV B* MSA Bar* United BV. Agricaltarai bank Of Own 7v, ANZ Banking Gro* 7V« AWed Irish Bank PIC 7W American Express Bait Arab Banking Carp Bvt Arab Bank PLC 7 AsaM Bank Ltd Bv* Ban Wn Laa Bank BM I RaBana1,702 words
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248 1998-10-19 15 Bloom berg [TOKYO] Dai-Ichi Kangyo Bank Ltd. Japan's third largest lender, said it will sell 30 per cent of its US finance company, CIT Group Inc, as Japan's embattled banks unload overseas holdings to bolster balance sheets at home. Japanese banks areBloom berg - 248 words
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COMMODITIES FUTURES
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Article, Illustration567 1998-10-19 16 SIM ha Weekly Roundup [SINGAPORE] This week will see usually decisive currency traders continue to try to come to terms with the rapidly changing environment. The spectre of more havocwreaking positions unwinding from the leveraged community stands to ensure markets will maintain a timid feel,Source: Simex - 567 words
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Article, Illustration852 1998-10-19 16 COMMODITY Weeklyßoundup AFP [LONDON] Gold, aluminium and copper prices gained from renewed weakness of the dollar last week, as investors snapped up the dollardenominated contracts. The yellow metal regained its safe-haven status as fears grew that the burgeoning economic crisis around theAFP; Source: Bloomberg - 852 words
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Article1797 1998-10-19 16 SICOM FUTURES Oct 16 RUBBER (hrturtsdMtag as at S.30pm) RSS1 CONTRACTUS cwitsAg) CIom Volume Opto Month jfjgh Low Sett (tows) Interest Nov 98 119.75 1325 Dec 98 120.75 1450 Jan 99 121.75 550 Fob 99 123.75 650 Mar 99 125.00 850 Apr/Jun 99 129.25 128.00 128.50 1500 28501,797 words
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Article4171 1998-10-19 17 Net earn CPS Llanh Hut Sep 30 I 4.3231. 2.324 2L 1.07 Deta TV LV TV LY Low Kong Huat Sep 31 I 1.685L 2.432L 1.4L 2L SamU '*"> <e«») tcts) LeeKimTah Sep 15 I 2.901 1.192 3.62 1.48 Um Kah Ngam Sep 30 I 894,171 words
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MARKET REVIEWS
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Article, Illustration581 1998-10-19 18 NEW YORK Some analysts herald revival of bull market on Dow, SAP rally Bloomberg US stocks rose last Friday, sending the Standard Poor's 500 Index to its best week in 14 years, after Thursday's Federal Reserve cut in key lending rates reassured investors thatBloomberg; FILE PHOTO - 581 words
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344 1998-10-19 18 TOKYO Reuters CAUTION is expected to preveil in the Japanese stock market this week, after the recent currency fluctuations and a surprise rate cut by the US Federal Reserve, traders said. The market will also be capped by worries over a continuing creditReuters - 344 words
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Article862 1998-10-19 18 Sydney +20J THE Australian stock market will look overseas for direction this week after gaining 0.8 per cent in the week to Friday, brokers said. Investors will monitor especially the US market, where analysts will be examining data releases to determine whether the Federal Reserve will ease862 words
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Article1633 1998-10-19 18 P P*ris +287.2 THE US Fed's interest rate cut was greeted with enthusiasm on the French bourse last week. French shares surged nearly 3 per cent at the open last Friday but then fell back as caution grew. Still, the Paris CAC-40 Index closed 297.2 points higher1,633 words
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445 1998-10-19 18 LONDON Sentiment also boosted by hopes of BOE following suit AFP THE London Stock Exchange rounded off a week of strong gains with a final surge last Friday, boosted by the surprise cut in US interest rates and hopes that the BankAFP - 445 words
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320 1998-10-19 18 HONGKONG Reuters HONGKONG stocks could see some profit-taking early this week after a strong rate cutled rally, but analysts said institutional buying was expected to continue and support the index at these higher levels. Major banks in Hongkong lowered theirReuters - 320 words
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Article8895 1998-10-19 19 Week ended Oct 16 MMfTKMLS CoffffaiMf pniicti 1*M Last Vol Week Net Cap Wgb Law Cimpsay 1* -OOO High Lew P/t turn So tto AjSiomotT3ZIZ!ZZZ!ZZr230 is n 230 210 12I7 93.2 14* 35 Angkasa 60 8 185 61 52 88.5 290 123 Apollo Food Hig 1908,895 words
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423 1998-10-19 19 AFP F1 Composite Index +24.04 MALAYSIAN stocks are expected to post farther gains this week on expectations of incentives in the 1999 budget after rising 6 per cent last week, dealers said. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index rose 24.04AFP - 423 words
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WARRANTS&OPTIONS
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Article2888 1998-10-19 20 BONOS, LOANS WARRANTS L«t Vol WtM LittOuoti aU| Law Company KM (OOOI High Law Buy.r Mta> Pr.ct 20.5 3 3WO 'Acer ******1 US$ 7 *3 1051 3.5 7 S T 95 4 5 3164 Acma ******4 14.5 »8.5 ***** 18 6 14 14 5 10 3161 AMTech ******72,888 words
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189 1998-10-19 20 R Sivanithy - WARRANT WATCH -By R Sivanithy DESPITE the fine run the market has enjoyed in the past week the index is up almost 15 per cent there are still some pretty interesting looking warrants out there. One example is Singapore Finance's 1999 instrument, which offers189 words
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6552 1998-10-19 21 Week ended Oct 16 I»98 U»»t Vol Week Last Ouott OW Div VW N.l Cap Avq Mt,h L,w s,No Company Sale OOO) Hiqh Low Buyer Seller Cvr P/E Smtl Prtca MULTI-INDUSTRY '*2 49.5 m t 1000 AcmaSOc. 73 *18 ***** 82 54.5 72 736,552 words
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Article1176 1998-10-19 21 8 Vol Day Last Quota 0* Mv YM Nat Cap Arm H*" L w MH Cawpwy SaM COOP) HlfH Law Buyr S»o Cw M Sm« Prtca MANUFACTURING 243 30 2049 AS Auto tOc 80 »14.5 ***** 81 67 79.5 80 I5 0N 7.0 1.9 7.5 913 71 82 451,176 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration361 1998-10-19 22 Stacks Volume Keppel LandSOc 147,587,000 DBS land 100,013,000 Wing T«i 25c 98,557,000 Hotel Prop 68,361,000 NatSteel 50c 46,835,000 Keppel Corp 44,818,000 Hotunq Inv MT5 43,989,000 Asia Food&Prop 41,895.000 Van der Horst 41,616,000 City Otv 50c 41,610,000 Stacks City Oav 50c 197,926,869 OCBC Foreign 189,513,861 DBS Land 153,832,593 Keppel LandSOc 148,704,890361 words
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Article, Illustration671 1998-10-19 22 R Sivanithy - THBWHHXAHBAD Surprising market rally may be sign of improving fundamentals bnt Japan recovery still key to region By R Sivanithy [SINGAPORE] These are interesting times we live in. Never before have foreign exchange dealers seen the dol-lar-yen rate move 20 per cent671 words
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Article, Illustration76 1998-10-19 22 Shiv Taneja - -by Shiv Taneja WING TAI HOLDINGS closed 13.5 cents higher on Friday at 90 cents on a volume of 34.12 million shares, compared with its 10day traded average of 8 8 million shares The counter is well into overbought territory, and unless volume is able to hold up76 words
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Page 13 Advertisements
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Advertisement193 1998-10-19 13 Reliability around the world. 1 r FAST REUABLE CONVENIENCE H I*l Thanks to our computer Western Union has been in With over 40,000 agent IB ■fjj network that links all our the business of transferring locations spanning over mn offices worldwide, your money around the globe for 150 countries worldwide,193 words
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Advertisement78 1998-10-19 13 TJMNS EIROIG4RS PTC ltd Eurokan Centre. 12 Sungei Kadut Awe, *****8 Tel: 3*3 3003 Fta: 369 3003 Showroom Hours Monday Saturday 8 30am-5 30pm, <~»~H on Sunday A Public Holiday* City Centre. 29 Leng Kee Road, S pore *****9 Tel 251 6888 Showroom Hours Monday-Saturdav 8 30«m-5 30pm. Sunday A78 words
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Page 14 Advertisements
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Advertisement9 1998-10-19 14 Tuesdays The Property Column by Lee Han Shih TheßusinessTimes9 words
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Page 15 Advertisements
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Advertisement8 1998-10-19 15 Wednesdays Asian View by Yang Razali Kassirn TheßusinessTimes8 words
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Page 17 Advertisements
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Advertisement136 1998-10-19 17 travels fast IN SINGAPORE when you want to reach out to a Ship Sales Tanker Rates. Aircraft Arri\als select taiget audience in the transport and logistics Departures. Regional Weather Reports. Local Ships in industry only one daily oilers you the advantage Port Update, an Export/ Import Shipping (nude and of136 words
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Advertisement56 1998-10-19 17 n n n cd 1 "E r .1 JL—i Lli] i. h li X i yi,. r\L 1 Jj j i 1 f: r\ i Any Destination, AnyTime. Sailing schedules to the Americas more. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service56 words
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Page 19 Advertisements
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Advertisement20 1998-10-19 19 Make The Straits Times Classified your first pit step when shopping for your car or motorbike. H 2 >■* >-»' -r T20 words
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Page 20 Advertisements
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Advertisement62 1998-10-19 20 Give your company a higher profile Publish your Chairman's Statement in the newspapers. It will be seen by over a million people. Susan Eng 740 6160 Clnnonrtra L Florence Kang 740 6161 Singapore R To advertise, call: Judy Tan 740 6163 PreSB f, LowChehChuan 740 6171 •BP Holdings Desmond Kan62 words
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Page 21 Advertisements
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Advertisement9 1998-10-19 21 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes9 words
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Advertisement26 1998-10-19 21 I found a car pool t^rou B^ l Th e Straits Times Classified. fv They help me do my part to ve te 6 J I^-26 words
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Page 22 Advertisements
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Advertisement64 1998-10-19 22 BUSINESS Xotices To advertise c;ill toIMViT 1800-741 ISS3 I 10l OK LICK-NCI-: NO IK I I |H| I 10l OK I IN( NO IK i; BBIKM OK Ll( IN( i; NOIK i: I lOLOK LICLN< i: NOIK H| I lOIOK ll( 1\( 1 NOIK I I I 101 (>l< Il(1\(64 words
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Advertisement95 1998-10-19 22 Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand95 words
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SHIPPING TIMES
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Article279 1998-10-19 23 Simpson Spence Young THERE has been a very active dry bulk sector throughout the week with sales, negotiations and the accompanying rumours. Whilst the BFI continues to improve (reaching 1,000 on Friday) and there had been a short-term improvement in the market for larger bulkers, this cannot inSimpson Spence & Young - 279 words
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Article277 1998-10-19 23 ■MMPoo 0d» It HI CWT Distribution 0.34 *0.02 788 Chum Hup 040 *0.02 766 Cosco lnv*stm*nt 0.43 *0.035 67 FrttaMUnks 0.T7 *0.005 3193 CB Holding* 0.355 *0.005 297 Hal Sun Hup 0 J75 *0.02 1087 Hitachi Zoson 0.545 *0.015 667 IMC HoMktQi HK 5.60 JoyaHoMngs 0.515 *0.045 163277 words
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Article, Illustration380 1998-10-19 23 Felix Chan - The vessel will be based in S'pore, replacing the Star Aqnarins By Felix Chan [SINGAPORE] It may not be the Titanic but Star Cruises' flagship Superstar Leo made its majestic entry into Singapore on Saturday with all the bells and whistles accorded to the legendary cruiseSIEW YAW HOONG - 380 words
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692 1998-10-19 23 David Hughes - LXMER SCENE The eventual demise of the conference system is a possibility with the huge changes in the liner shipping. By. David Hughes VIEWED from the outside, the liner scene has been an exciting place over the last couple of weeks,692 words
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247 1998-10-19 23 Bernama [PORT KLANG] Malaysian ports should prepare themselves to accommodate cruise liners to fully exploit the tourism revenue generated by the cruise market, Malaysian Transport Minster Ling Liong Sik said last week. He said he would meet the port operators soon toBernama - 247 words
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258 1998-10-19 23 [SINGAPORE] PSA Corp has signed a joint venture agreement with the Dalian port authorities to redevelop the Oonggang area east of Dalian Port into a business hub. The joint venture, in which PSA will hold a 50 per cent stake, will258 words
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Article138 1998-10-19 23 Reuters [TOKYO] A South Korean freighter ran aground off Japan's western main island of Shikoku on Thursday, spilling heavy fuel oil into the sea, the Maritime Safety Agency said on Friday. None of the ship's 15 crew members were injured when the 2,831 gross-registered-ton ship,Reuters - 138 words
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354 1998-10-19 23 It feels the ports in Oman and at Cochin will snatch volume Reuters [COLOMBO] Concerned about competition from two new international ports, Sri Lanka is inviting other shipping lines to its Colombo port to ensure business, a top government official said last week. Mohan Samarasekera,Reuters - 354 words
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Article101 1998-10-19 23 AFP [BEIJING] A deteriorating operating environment for the shipping industry prompted Moody's Investors Service on Friday to place certificates issued by a subsidiary of the China Ocean Shipping Company (Cosco) under review for possible downgrade. "This action is prompted by the weakening financial strength ofAFP - 101 words
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SHIPPING NEWS
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Article349 1998-10-19 24 PACE ECU Line 6 AA M'time 12 Eng Lee ,2 ANL 3 ESP Lines 14 Accord 8 Evergreen 6 Ahrenkiel 12 Express TL 12 Appenship 5 Foon< > Sun 8 Astro 3 Ff0 a '3 Austral 8 Frt Links 14 Avant 14 Link 4 B'tang Mas 8349 words
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Article, Illustration446 1998-10-19 24 David Hughes - But the rising number of false emergency alarms remain a concern From David Hughes in London TWENTY years after the International Maritime Organisation (IMO) adopted the International Convention on Maritime Search and Rescue, the thirteenth and final provisional search and rescue (SAR) plan446 words
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158 1998-10-19 24 The European Commission's Competition Directorate (DGIV) has indicated it will approve moves by the International Group (IG) of P&I clubs to meet demands for greater competition between clubs and for greater transparency. The decision marks the end of a prolonged dispute between the two158 words
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152 1998-10-19 24 UNITED Kingdom-based P&O's cruise operations. Princess Cruises and P&O Cruises (UK) reported a strong third quarter while bookings and yields for 1999 are ahead of comparable figures at this time last year. Princess Cruises offered 8.9 per cent more capacity (1.23 million passenger berth152 words
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PORT Shots
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52 1998-10-19 24 CANADIAN Pacific subsidiaries Canada Maritime (Canmar) and Contship Containerlines are merging their individual agency companies to create a joint European network operating as Canmar-Contship Agencies. Canada Maritime has also acquired the outstanding 50 per cent holding of Canada Maritime Agencies Italy from the Thos Carr52 words
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Article73 1998-10-19 24 HONGKONG Shipowners Association (HKSOA) and Cosco Manning Corporation have signed a letter of intent covering the employment of mainland cadets on ships owned by association members. The deal applies exclusively to owner and manager HKSOA members. It resolves concerns over recruitment arrangements and retention of cadets73 words
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Article109 1998-10-19 24 LOWER earnings from its vessel operations and reduced activity in the product tanker market contributed to a very poor First eight months of this year for Norwegian shipowner Belships. The company reported an operating loss of 16.7 million kroner (553.59 million), compared to last year's profit109 words
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Article, Illustration68 1998-10-19 24 Carnival Corporation-controlled Cunard Line is to move three ships, Royal Viking Sun, Sea Goddess I and Sea Goddess II from the Cunard to Seabourn fleets. The switch will leave the Cunard fleet with just two vessels, Queen Elizabeth 2(pictured above) and Vistafjord, until the planned 2002 completion of68 words
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Article111 1998-10-19 24 Japanese yards won orders for 13 vessels, totalling 496,000 gt, in September, 67 per cent down on August's gt figures and 53 per cent lower than in September last year. So far, orders in fiscal year 98-99 are down 4 per cent in gt terms but nearly111 words
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Article17964 1998-10-19 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Dest'n Name Name Number Number .a*. .v,««, To CALCUTTA (CCU) 2062 India To ABIDJAN (ABJ) 2003 Cote D Ivoire 2 4/io 0,/n UASC hari bhum 02sv17,964 words
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SHIPS IN PORT
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Article435 1998-10-19 37 Vessel Voy No Berth Arrival Departure Jurong Port Brave Pescad V-59 J02 alongside 19.10/060( Bt Kota Jaya *****8 J01 alongside 18.10/230< Bunga Melor4 1180 J10 alongside 19.10/1800 Carina 1 9823A J23 alongside 20.10/060 Da Long 9815 J07 alongside 19.10/200( Gunung Sari 12/98 J03 alongside 19.10/080C Kimtransagua TH0298 J17435 words
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Article1853 1998-10-19 37 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booklng/Btlanct Rstis Ship Voy No Etb/Btr Period From To From AC! Clowf 90* 2V2359 U N/1500 18/1659 N/NOO a/aoo n/wm a/aoo M/TTOO a/0659 1/09oc n N/1700 1/0659 1/0900 1 19/0700 1/H59 a/1400 4 a/1200 IWMS9 19/700 AW" Uf* ~~842ll 2V00001,853 words
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Article404 1998-10-19 37 ISO Mil 969.8 0.7 16.0 0.08 51 0.04 15 0«<nttY Water hiKw Art Akmtntwn Sediment No above E25 0 0 5 0 0 0 %M/M 380 Ave 986.8 0J 15.9 0.07 28 0.03 bid 380 MM 996.0 0.7 19.8 0.12 154 0.11 M/IM »M/M »M/M mi404 words
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Article193 1998-10-19 37 Oct 19 Malaysia: Deepavali. Singapore: Deepavali. Oct 23 Thailand: Chulalongkorn Day. Oettt Austria: National Day. Ireland Republic Of: October Holiday. New Zealand: Labour Day. Oct 28 Greece: Oxi Day. Oct 31 Finland: All Saint Holiday. Sweden: All Saints Holiday. Taiwan: Birthday of President Chiang Kai-Sek. Nor 2 Luxembourg:193 words
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Article893 1998-10-19 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* In US dollars Instead of single price* for a more comprehensive description of the market Price* shown are baaed an stem Market movements are Indicated The Cockett Bun ker Price Index chance and the Individual893 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration63 1998-10-19 38 [BERLIN] Visitors of the automobile fair "aaa '98" crowd around a model of the new Audi TT Coupe having its German premier at the show in Berlin on Saturday. Two-hundred and sixty-five exhibitors from 20 countries are presenting their current models at the fair thatAFP - 63 words
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220 1998-10-19 38 AFP [NEW DELHI] Pilots of the state-owned Indian Airlines have violated safety norms on more than 100 occasions during the past three months, a report said last week. The Asian Age daily cited an internal airline document as saying all the mistakes involvedAFP - 220 words
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585 1998-10-19 38 Analysts say PAL can be turned around if HE airline gets the right package Reuters [HONGKONG) Cathay Pacific Airways Ltd is considering taking Philippine Airlines Inc (PAL) under its wing, but there will have to be a radical restructuring ofReuters - 585 words
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314 1998-10-19 38 Reuters [BRUSSELSJ Delta Air Lines said last week it expected the European Commission to set conditions on its pact with Sabena, Austrian Airlines and Swissair although they should not be as tough as those proposed on two rival transatlantic pacts. Delta Air LinesReuters - 314 words
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282 1998-10-19 38 Reuters [PARIS] France has given Aerospatiale the go-ahead to negotiate a merger with British Aerospace and DaimlerBenz Aerospace, but so far there is no figure for the French state's own stake in the new group, an Aerospatiale spokesman said last week.Reuters - 282 words
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Article, Illustration560 1998-10-19 38 Reuters fSEOUL] Korean Air Lines Co Ltd (KAL) is set to survive Asia's financial turbulence as it scraps loss-making routes and restructures its fleet while implementing costly safety reforms, aviation analysts said. They said the Korean flag carrier was facing anReuters - 560 words
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515 1998-10-19 38 Atie-np with ANA could strengthen the Star members' foothold in Asia Bloomberg [RIO DE JANEIRO) All Nippon Airways Co, Japan's sec-ond-largest airline, is set to become the next member of the Star Alliance as the world's biggest airline grouping pushes to expand its reachBloomberg - 515 words
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Article1699 1998-10-19 38 CITY FUttfT_ ETA JUCKT ETD Abu Dfcttt CV794 2000 MMta S0989 I7» S099C (HQS UM*» BA7381 (930 8A7382 2055 CZ353 2045 C2352 0035 0f81 1930 _J*« 2055 Hwol ¥*741 1310 **742 0905 A»stor«Mi *1843 0450 K1838 2300 50,75 <M0 S0T76 tt05 SO343 0735 S024 2320 VH7401,699 words
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Page 23 Advertisements
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Advertisement17 1998-10-19 23 IMO's global search and rescue finally completed But number of false alarms remain a concern. Page 217 words
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Advertisement212 1998-10-19 23 PAL overha.nl seen a most before Cathay can ff> in Analysts say PAL can be turned around. Book Page ;your^|H Shipping times Now Shipping Times is Proposed editorial Shipbuilding poised to deliver your highlights include: Special Feature advertising message right Prospects of the Monday, U p to the international shipbuilding212 words
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Page 24 Advertisements
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Advertisement1130 1998-10-19 24 I NORTH AMERICA': I I EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) VOT tTASM fIPSW IM Ml HOU OK NT NEQCO an VISSO VOT ""stt"" H.QWTm KAJUTU PT CAIDOA OUtNAVtNTIMA SAII tOOINZO SAUNA qruT SE2r sis z:1,130 words
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Advertisement714 1998-10-19 24 LineSSSefV,CeSrepreSerlted Koll] by Memtlers Reg'Stry of flyart Singapore Freight Forwarders \V^|WSJ Accredltec Shipping Agents Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORK JAKARTA ETA PKL ETA SIN ETA MALE Princess UK V 0698 12/11 91/11 U/U Prlaeess Lily V 9798 23/11 25/11 16/12 LILY MARINE SERVICES SINGAPORE Pkoße 334714 words
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Advertisement1112 1998-10-19 25 TO EUROPE FROM EUROPE IvtSSfl VOY SW HTM AXK KAJ4 KV SOU FXT LiH IvtSSft Vp7 WW ANR HAM MV SOU FXT LEH SIM N(X PEARL OOSW 19/10 OS/11 07/11 10/11 04/11 NOICORAL 003( 77/09 29/09 02/10 03/10 20/10 TYNE S24W 23/10 01/11 10/11 13/11 14/11 HY ADMIRAL 31 SI1,112 words
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Advertisement1949 1998-10-19 25 (g) HANJIN SHIPPING HANJIN SNIPPING (S) PTt LTD Imp Imp con IOOUNC 37*0735 737 SALES 37*0774 731 DOCUMENT 37*0771 774 OftIATKMS 37*0741 757 MAW UK *****55 MX 777*40 CI HO II 534******11 TO NW USA CANADA USA CANADA* FOR VSL/VOY I IAM I SM UNEHAUL/VOY SU TTW DEN POl o¥1,949 words
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Advertisement412 1998-10-19 25 Iffssa w j suH to Ivtssa yot sin I jw I OITC WSAN 1 014S_ X/W_ _o*/lJ_ _M£_n_ J_o/I_J_ n/ll_ RBS^^^^|*oYTSMnnU|*M^sl!^ni^^3n NONIANU ISS 01/11 03/11 ISN 04/11 00/11 10/11 11/11 13/11 Low/m I I4M I 14/lQ I 01/11 I 01/11 I 21/10 l(tt/ll I 71/10 I KMTCULSAM OISS 00/11 JVll_412 words
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Advertisement1391 1998-10-19 26 C DSR-SENATOR LINES TO UK/CONTINENT TO RED BEA/MEDriERBANEANCANADA VtSitL VOY LtM 1 ItTW IWW HAM llflV lax I VESSEL [vOY S4M OT Iff fO» WLC MTR HMUMUMFfUMCISCO WNM3 2111 Mll Mll Mll 1011 11.11 IMI PATMOS SENATOR WMtAS It.ll Mll tt 11 M.ll "mTT IfiT TRADE SELENE WOU* 23.1t IJ.II1,391 words
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Advertisement1033 1998-10-19 26 1 MIAM MAC-NELS S'POrE M'SIA H Carrier: M CO*™ ""ES, INC P. GUOAI*:,™ *****26 I I"* Jv*y I OWNOMJOOB7OUUMIQ StBU: (064) *****9 MANILA- (**********4 I PENANQ: (04)*****36 BANGKOK: (662)*****67 SURABAYJM3I)29I«6O I P KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUOMNQ (062) *****1-3 GENOA -l| MV "CONTSHIP OPTIMISM*' V.81361,033 words
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Advertisement629 1998-10-19 26 IIgkIJSSSiITON LINE r 1 MUARA LABUAN VBsa vor no cu v»sa vor no eta tfOßf MUARA SPORE UN STRAITS MOfl VHE/08 23/10 25/10 STIA/TS HOK VME/M 77/1# 24/10 CARAKAJNB-32V1SE/W 25/10 28/10 CARAKAMB-3? VISE/08 25/10 2»/10 CikAJJLA JMHk37 VUf/2 21/n S/i' STMITSHOK 31/10 04/11 CARAAA JNN-32 Vl6€/90 04/11 07/11 CAJUKA JMB-37629 words
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Page 27 Advertisements
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Advertisement1441 1998-10-19 27 [VESSEL VOY I SIN 1 SIP PKO PEW ROB PUB BHJ IBA BIK IRAN GHEYAMAT PJL 1307 18/10 27/10 31/10 IRANVAHOAT PJL 1317 22/10 17/10 31/10 01/11 04/11 PoB= Mini Qaboos. DUB Dubai. SHJ Sharjah. BA Bandar Abbas. BIK Bandar Imam Kkomeini ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INIANO POINTS IN IRAN1,441 words
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Advertisement1938 1998-10-19 27 DIRECT TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY 1 I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/U~ ta TT2o3oT^o!!o!EOmcr l COSTAR SHIPPING PTE LTD #i/-o« wsiidg saus/irgs 420sas7/60 inward dept (o/o> *****85 COSTAR AGENCIES (M) SDN BHD _C«WOL_My«y»gOOOgg TOWM TWO (06M09) CONVENTIONAL1,938 words
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Advertisement693 1998-10-19 27 EASTERN CAR LINER, LID. f_Ej Ea (SINGAPORE) PTE LTD 1 SPECIALIZE IN RORO HEAVY UfT UPTO 450 TONS I ECI (SINGAPORE) PTE 110 LOAD NG FOR PORT KLANG/PENANG/KUCHING/BINTULU LAEM CHABANG/XINGANG MV "ORIENT IRIS" V.23 MV "KEISHUN" V.79A ETA SJN 17/10/98 ETA PKL 19/10/98 ETA SW 20/10/98 ETA LCB 23/10/98 ETA693 words
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Page 28 Advertisements
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Advertisement1555 1998-10-19 28 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DECENT RW-006 25/10 13/11 13/11 14/11 IS/11 17/11 It/11 E ROYAL RE 039 24/09 26/09 25/09 ZM» 29/09 22/10 23/10 E OIAMONO RW 002 01/11 13/11 25/11 21/11 23/11 24/11 25/11 E RACER RE-0241,555 words
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Advertisement1000 1998-10-19 28 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO **********06 I """I VOT m Isw I m std m tm in adi m m smT^ 00Q AMUTT MS U/10 19/10 24/10 H/10 4/1) 9/11 li/ll It/11 iwcATßumi m I to/io1,000 words
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Advertisement512 1998-10-19 28 [12k NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vksu vot sin mi our m err kT NAMIAIQUtBI VO3OS 73/10 01/11 OS/11 01/11 w/ii li/ir KANIAIDRAGON KOO9S 27/10 OS/11 09/11 12/11 IVII NANTAI KING VO2SS 03/11 It/1) 11/11 WW NANTAI ttNUS V.030S 11/11 20/11 24/11 27/11 tt/11 01/12 GOLDEN512 words
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Page 29 Advertisements
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Advertisement463 1998-10-19 29 BSA a. %tmm MYANMA \«BBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) VISSII VOY SIN PKI PIN PGU MAWIAMYINE SOW SU) PINYA IS7 SU) MALAYSIA AGENTS: lOUSTUD SHIPPING AGENCIES KUL m (03)*****00 PKI: HI (03)376*101 PIN: m (04)*****0? PGU: HI (07) *****21/4 BANK LINE (A service of463 words
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Advertisement1581 1998-10-19 29 HYUNDAI MERCHANT MARINE CO., LTD. Ivtssa VOY SW SOU I LEH RTW I AWT I HAM BRV IFa IVKSB VOT SOU 1» RTM AW HAW NIV FB SRI NOIPEARI 005W 19/10 04/11 05/11 07/11 10/11 NOICOtAI 003E 01/10 02/10 27/09 29/09 20/10 DANUBE 541W 22/10 09/11 21/11 11/11 12/11 NY1,581 words
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Advertisement1000 1998-10-19 29 Br* norwcgiori speoofc/ed oukxomen (7t§)§(°](£ Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" VESSCI VOY RAMP WIGHT I SIN LAX CRL MIA SAV Ml OtF NYC NEW MM TOM fS2I 400 Tom bH 29/10 25/11 ***** 0771?" 09/12 11/12 WIT" 13/1J 11/12 19/12 TARONGA F822 400 Tow 6.31,000 words
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Advertisement922 1998-10-19 30 BANGKOK/MAP TA PHUT/LAEM CHABANOI JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 2SSN 20/10 24/10 23/10 ACX RUBY# 33S In Pt 22/10 CHANA BHUM" 40N 20/10 23/10 VIRA BHUM 233S In Pt 23/10 22/10 NANTABHUM" 416N 21/10 24/10 25/10 ANRO GOWA'922 words
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Advertisement583 1998-10-19 30 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE ~wi VOT PORE A 0«M/ft OAM H 4UHG MEMfN ANTWERP A VESSEL 24/1? ?S/1? OMIT 0Vt)1 TO AUSTRALIA FULL CONTAINER SERVICE vs. voy I H» 1 IK I SYD I Mil I H4A I ML IfRI PAO NEOU.OYD BRISMMI 1» 72/19 ZOO583 words
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Advertisement993 1998-10-19 30 VESSELS SW I PKL HO Fqm, LEH RTM HUM VILLE DC TAURUS A29W 20/10 02/11 OBTvi iflm TiTH SEVILLE D'AQUARIUS U2BW 27/10 00/11 Mi VILLE D€ ANTARES L2BW 03/11 18/11 22/11 Sm VILLE D6VWGO S2BW 10/11 23/11 am OV« ACCEFTING CAWG TO U K DCST 'NATION. lAAHMUS, COPENHAGEN, GOTHENBURG) ANO993 words
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Page 31 Advertisements
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Advertisement50 1998-10-19 31 STEgTfc Dial 740-6000 Oil G€ *****10 —flh# (Retrieve more schedules!) Press "V --jC\ Select the port and key in "Efc® the four digit code —eg: To New York (NYQ 2275 Key in your fax number I your phone number Another Innovative service offered by The document Will be SHIPPING TIMES50 words
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Advertisement147 1998-10-19 33 free deader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) Q SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or147 words
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Page 34 Advertisements
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Advertisement1028 1998-10-19 34 ■w— SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 CALL DIRECT LINE: 2 *****1/43 JESS |CA/CEL|A/ M E| CHAM 7SLGS/WEEK 2 SLG/WEEK VESSEL VQY SIN JAK [VESSEL IVOY I SIN |PLB MAERSK JAKARTA 98471,028 words
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Advertisement733 1998-10-19 34 I I CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER IVESSH VOYAGE I eta smqapoki eta coioimo eta kakaok I SHAUMAI OQIHW IVIO/W 71/10/w ?t /10/W 25 ooiHw n/\ o/n vm/n oi/ii/w SHAIAMAI OOWW OS/11/n 10/11/98 IS/11/98 jW*! 007HW 17/11/W 17/1 1/98733 words
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Advertisement484 1998-10-19 34 SIM FAR EAST 25/10 KEELUNG/KAOHSIUNG 25/10 BANGKOK 26/10 MANILA/CEBU 25/10 JAKARTA/BELAWAN/SURABAYA 25/10 PORT KELANG/PENANG/E MALAYSIA 28/10 BUSAN 25/10 TOKYO/YOKO/KOBE/NGO/OSA 23/10 HONG KONG SIM GHiNA 23/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU SIN EUROPE/UK 25/10 LON/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 25/10 LOS ANGELES/NEW YORK all IPI points484 words
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Advertisement590 1998-10-19 34 rrrg Singapore Soviet Shipping CPI k\\V CI No l OOSOUOOOON k\Vl Multiline Shipping PL 'Whoty Owned Subudiorf i Q *****V*****C VESSEL VOY I SIN BOM PNG PKL BUXMOON 119N 25/10 02/11 »13/11 14/11 KOTA RUKUN RKNOI7 31/10 08/11 18/11 20/11 KOTA RATII RTUO2S 07/11 14/11 25/11 28/11 [VESSEL VOY SEN590 words
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Advertisement882 1998-10-19 35 MCC TRANSPORT STOATTS SHUTTLE SERVICE Ivpsa Ivor I custom kmc Isrott 1 Ivtssa vor custom ko kuamtam Ivtssa vor custom ran bum JESS" 20. "/J® P WU 25/10 (SUN) 24/10 MCC VANTAGf 1063 19/10 (MON) 73/10 2f25f i?/.'. Js£ 2K!! HmA mi 01/11 (SUN) 07/11 01/11 OMSSIAW ***** 21/10 <W»)882 words
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Advertisement1689 1998-10-19 35 mSf o7wm2 So onl Su ft lfn nwvonoi sou —rtm—ham_ ZlehZ I*ml .nagoya. jwgzsL jaoo_ Hi? 1M! whoiwoam 26.09 2109 w.09 oito 20.10 2110 27.10 2110 2110 |rownonao<« othua oin 2Ui 2111 2111 2111 canopus okjuo o«.io 01.10 07.10 11.10 27.10 02.11 0111 04.11 o«ii *,T, \-IT. castor Q*" 41,689 words
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Advertisement952 1998-10-19 36 I I~ VESSEL VOY SIN MAA SIN I TIGER BAY 654N 19-20/10 23-28/10 02-03/11 I TIGER PEARL 656N 23-24/10 28-03/11 07-08/11 I TIGER ISLAND 655N 26-27/10 31 06/11 10-11/11 I TIGER BRIDGE 657N 29-30/10 04-09/11 14-15/11 I TIGER BAY 658N 02 03/11 07-11/11 16-17/11 I TIGER PEARL 659N 07 08/11952 words
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Advertisement820 1998-10-19 36 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg LOWEST RATES IN THE MARKET WEEKLY CONSOLIDATION SERVICE XINGANG (DIRECT) TIANJIN VIA XINGANG BEUING VIA XINGANG FOR BOOKING, PLEASE CALL TEL: 1800-*****66 Overseas Offices Hongkong *****113 flms9asiaonline.net Port Kelang *****40 flwiiBliii.net.my Bangkok *****42 kuothiduOfletfi.co.th Surabaya *****00 ll*-suMtby.mMa.n«t.id Jakarta *****48820 words
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Advertisement1321 1998-10-19 36 OOCL (Singapore) Pte Lts^^FS^eppe^isfrpk*" 79 Am«i Rood #21-04 (S) *****4 Mk 513 #01-128 CR MO **********0H M 272 7827 tor Dooting Wi esszssl.*. f,,: 272 7,25 mm wncnt Uvcfscos Line IKi (Malaysia) Sdn Bhd (Reg No: *****2-U) call "^T" PCTALING JAYA W: 03-756 7776 Fm: 03-754 6657 PENANC Id: 04-*****45/81,321 words
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Page 37 Miscellaneous
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Miscellaneous129 1998-10-19 37 LEGEND: Thunderstorm Temperature y^\ V Shower Weather Wmd direction with speed m knots Rom Cloudy Sky Wav height WJoce wind* are indkoted by arrows which Hy with the wind One fufl circle represents calm or light ond vonoble winds i_» One holt Heche represents 5 knots One hJI Heche repiesents129 words
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