The Business Times, 21 October 1998

Microfilm: NL21345
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 MITA(I») 110/12/1)7 85e THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, OCTOBER 21,1998
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  • Article
    MARKET SUMMARY
    61 1 n m ifIUMLIS (-10.86) □VT-OI (-10.16) nSMSCI FDTDIES mm mum (-3.2) KH| MARKET MOOD: ■■Willi STOCK MAMETIWMCES Monday Change KLSECOMP «17 >*71 NIKKEI HAW SENG M4L2I >4170 SET INDEX S3LM 17.lt JAKARTA COUP S9U6 *18 MANILA COUP —1,487.8® 21.61 TAIPEI WPI tmfi -fiM4 seouloomp swk CUSA CHINA B
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  • Article
    FINANCE
    76 1 F08BZ BATES 081 81 US» Lttl £(USt/S$ per 1.6*6 1747 DM US UN YEN JIM L4M* KM UN 1.427 HKS 7.741 UN BAIfT _»7 m. 0.943 MJP1AH l&l— 0.021 •stmmrnnu nnosiras y. a -v T'' 'SUtt' saas,,. "lis JAKARTA MM BANGKOK .14.75 MANILA JBtm HONOKONO 1*28 TWPEI AM 8YWIEY
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  • Article
    Jetro data show trade collapse in Asean-4
    656 1  -  Only bright spot is that gfrrinkflgA in imports larger than drop in exports From. Anthony Rowley in Tokyo JAPAN'S trade with four of the largest Asean nations plunged in the first half of this year, with both exports and imports collapsing by two
    656 words
  • Article, Illustration
    Lock icon S'pore's Sept exports up a surprise 1.7%
    759 1  -  This hoists Q3 non-oil domestic exports by 1.4% By' Teh Hoai Ling [SINGAPORE] Non-oil domestic exports grew a surprising 1.7 per cent in September, hoisting the third-quarter average growth to 1.4 per cent. Economists had expected a contraction in the key trade measure
    Sam TLB  -  759 words
  • Article
    Lock icon Deutsche Bank in takeover talks with Bankers Trust
    558 1 Biggest acquisition of US bank by non-US bank on the cards FT AP Reuters [NEW YORK] Deutsche Bank, the largest German bank, has opened preliminary takeover talks with Bankers Trust in what could lead to the biggest takeover of a US bank
    FT; AP; Reuters  -  558 words
  • Article, Illustration
    Lock icon It's stepping up to Christmas
    62 1 [SINGAPORE] It looks like this worker has just slid down the ladder from fairyland. Not quite, really. He was merely answering the call of his stomach, climbing down for lunch after painting a giant Christmas mural at Centrepoint shopping centre. With sales slow, severed shopping
    ARTHUR LEE  -  62 words
  • Article
    Singapore stocks slip; Bangkok, KL rally
    361 1  -  By R Sivanithy [SINGAPORE] Local blue chips pulled back yesterday after last Friday's 9 per cent rally, but not before a spirited fight that saw the Straits Times Index rise more than 20 points at one stage. The tussle between the bulls and bears
    361 words
  • Article
    Lock icon Dow jumps 146 points
    49 1 IamLATWT Bloomberg (NEW YORK] US stocks jumped for a fifth day after Chase Manhattan Corp and Texas Instruments Inc reported better-than-expected earnings. At 1 pm EDT, the Dow was up 146.24 points at 8,466.45. It has recovered more than 10 per cent this month. Bloomberg
    Bloomberg  -  49 words
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      112 1 MBUMB RH Tr; 'I 1 Finance companies have (fecldffj to rap their default interest rate at 5 percentage points above the Big Pour banks' average prime rate, P|3 Banks back is fawnIs the 80% appreciation in fee share prices of Singapore banks in the past month sustainable? P*l7 Some of
      112 words
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      20 1 Currency curbs no longer a bad idea: Mr Yen, Pg 5 More hedge fund failures likely: SEC chief, Pg 20
      20 words
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      44 1 'v <4^ /■p j LE TEMPS CHANEL THE MATELASSEE COLLECTION STEEL AND DIAMOND WATCH DEPLOYANT BUCKLE WATER-RESISTANT TO 30 METERS SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIQUES NQEE ANN C1TY.391 ORCHARD ROAD.SINGAPORE TEL *****20 ISETAN SCOTTS.3SO ORCHARD ROAD. SINGAPORE TEL *****21
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      13 1 Fear, greed, momentum still rule the game, Pg 17 Market report*, Pg22 26
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  • SINGAPORE AT HOME & ABROAD
    • Article
      JTC's releasing just 7.5 ha in response to market
      266 2 JURONG Town Corporation is releasing 7.5 hectares of land under its open application system less land than originally planned, in response to market conditions. This is JTC's third quarteHy release of land since the start of this year. James Tan, JTC
      266 words
    • Article, Illustration
      Lock icon IMM Bldg: more space set aside for commercial use
      479 2  -  ÜBA approval makes it feasible for group to rope in additional partner for property Lilian Ang YAOHAN'S IMM Holdings has secured approval for a greater portion of its IMM Building in Jurong to be used for commercial purposes, after nearly a
      FILE PHOTO  -  479 words
    • Article
      New GE unit sees Asian turnover at US$ 1.8m
      212 2 NEWLY set up design consultancy GE/Fitch expects to generate a turnover of about US$l.B million (552.9 million) next year in the Asia-Pacific region. GE/ Fitch is a Singa-pore-incorporated joint venture between two US-based groups GE Plastics and design consultancy Fitch. Set
      212 words
    • Article, Illustration
      Lock icon GDP forecast: 0.5% this year
      325 2  -  EYE ON THE ECONOMY Outlook By Eugene Low THE Singapore economy should grow around 0.5 per cent this year, but gross domestic product growth next year is likely to be between minus 0.5 and 0.5 per cent, says the United Overseas Bank (UOB). In its
      Source:  -  325 words
    • Article
      Freehold condos in Katong for $540 psf
      282 2  -  Dunman Place developed by nnit of listed Lion Teck Chiang Hy. Ang Wan May A 69-unit freehold apartment block in Katong will be launched tomorrow at an average price of $540 per sq ft (psf). The first 40 buyers of the apartments, called
      282 words
    • Article
      Finance houses slash default interest rate
      350 3  -  Rate to be caned at 5 percentage point! above Big Four's average prime rate By\ Slow Li Sen FINANCE companies have decided to cap their default interest rate at five percentage points above the Big Four banks' average prime rate. This would put it
      350 words
    • Article
      S'pore visitors to Australia up 15% in first 7 months
      294 3  -  By] Rahita Elias THE number of Singapore visitors to Australia rose 15 per cent to nearly 140,000 in the first seven months of the year, amid a general slowdown in Asian travel there. Richard Beere, the Australian Tourist Commission's new
      294 words
    • Article
      Starwood sees bigger piece of Asian hotel pie
      384 3  -  Occupancy rate of its Asia-Pac hotels expected to rise 10% Byy Carol Eng THE region may be in the midst of a tourism crunch, but Starwood Hotels and Resorts Worldwide which rims the Sheraton and Westin hotels expects its Asia-Pa-cific hotels to
      384 words
    • Article, Illustration
      Lock icon Transport equipment retailers lead with highest sales
      289 3 Turnover of $BJb forms a third of total retail sales in' 96 BACK in 1996, when the economy was still booming, retailers of transport equipment led the pack with the highest sales in the retail trade. The Department of Statistics' latest report on
      Source: ODS  -  289 words
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      156 3 Plan for the future with PRUDENTIAL TOWER; a new office at Prudential AT RAFFLES. PLACE; Tower. Built on one of the last prime sites district, Prudential WS$? Tower is an intelligent building with cost-saving features such as raised s mL flooring, energy-efficient IT' power supply and flexible air-conditioning system. It
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  • FOCUS: MONET MATTERS
    • Article, Illustration
      Lock icon Will global factors aid Asian recovery?
      1391 4 Japan remains a worrisome question mark in region's economic landscape PROSPECTS for Asia's battered economies appear to have improved dramatically over recent weeks. Currencies in the area have strengthened smartly, yield curves have shifted downwards with a vengeance and thankfully for most stock markets
      Source: HypoVereinsbank  -  1,391 words
    • Article
      What could mess up an Asian recovery
      491 4 Scenario analysis SCENARI01: BASELINE SCENARIO 2: BAD CASE SCENARIO 3 WORST CASE PROBABILITY -NOW 50% 30* 20% -PREVIOUS 65% 25% 10% Characteristics G-7 action G7 policy reaction sufficient to G-7 and other actions patchy G-7 action too late. Lack of global minimise damage.
      491 words
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      12 4 Money Matters will take a twoweek break and resume on Nov 11
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      97 4 I^ll ft* •<! V.. 'Ml I I w :i j;> TSlpfcji-- ■■< |f<E Sj&ALHAfr BRA^Olffi^ *Terms and conditions apply! Absolutely yes! 10 new SEAT Alhambras have just arrived for you to enjoy during the festive season. At a price that's a very pleasant surprise! The new Alhambra hosts an array
      97 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Philippines cuts overnight bank rates
      280 5  -  /•Yam Al Labita in ManiUi THE Philippine monetary authorities yesterday trimmed overnight banking rates, but the move failed to check the renewed slide of shares. Wary of the peso's resurgent weakness, foreign and local funds dumped their shares, pulling down the bellwether Phisix by 1.5
      280 words
    • Article
      Lock icon M'sian non-resident accounts rise to RM 12.6b
      134 5 Reuters [KUALA LUMPUR] Deposits in Malaysia's external accounts rose to 12.6 billion Malaysian ringgit (515.4 billion) as at Sept 22, since the imposition of capital controls last month, said Second Finance Minister Mustapha Mohamed. This compared with RMI.9 billion as at end-August, the
      Reuters  -  134 words
    • Article, Illustration
      Lock icon KL's currency curbs no longer a bad idea: Mr Yen
      424 5 He warns of global slump and possible hard landing AFP [TOKYO] Japan's Vice Finance Minister Eisuke Sakakibara warned yesterday that the world was facing an economic downturn and said Malaysia's currency controls no longer seemed a bad idea. "The United
      AFP  -  424 words
    • Article
      Lock icon M'sia, Thailand get pledges of Japanese support
      192 5 AFP [TOKYO] Malaysia and Thailand, each rushing in opposite directions to escape Asia's financial storm, both secured promises yesterday for Japanese support. Malaysian Prime Minister Mahathir Mohamad has spent five days in Japan decrying free markets and the International Monetary Fund, while seeking
      AFP  -  192 words
    • Article
      Lock icon Indon downturn bottoming out, inflation slowing, says IMF
      677 5 It prescribes stimulative policy in raising spending, says rates can foil Bloomberg [JAKARTA] Indonesia's economic decline is "bottoming out", the International Monetary Fund said, declaring a partial victory for its US$49 billion (Ss79 billion) bailout package for the country worst hit by
      Bloomberg  -  677 words
    • Article
      Lock icon Indonesia plans to liquidate 10 frozen banks
      314 5 Reuters [JAKAßTA] Indonesia said yesterday it plans to liquidate 10 banks frozen by the Indonesian Bank Restructuring Agency (Ibra) after the transfer of their assets to Ibra's asset management unit is completed by the end of next month. In its latest letter of
      Reuters  -  314 words
    • Article, Illustration
      Lock icon Dr M: economy recovering, capital controls to continue
      298 5 Inflation falling below 5%, more sales of houses, vehicles Dow Jones-Nik-kei [TOKYO] Malaysian Prime Minister Mahathir Mohamad said yesterday that his country would continue with capital controls on the ringgit and that Malaysia's economy showed "early signs of a turnaround". Speaking in
      Dow Jones-Nikkei; AFT  -  298 words
    • Article
      Lock icon M'sia GDP to shrink 5% this year: survey
      464 5 Economists polled forecast fiscal deficit at 5.1% of GDP Reuters [KUALA LUMPUR] Malaysia's gross domestic product (GDP) will shrink by 5 per cent this year and 0.7 per cent in 1999 after growing by 7.8 per cent in 1997, according to a
      Reuters  -  464 words
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      56 words
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      13 5 Buy It Sell It Find It Classified. 1800-737-1166 Call Today For Results Tomorrow.
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  • SOUTH-EAST ASIA
    • Article
      Freeport deal controversy could cast a pall on Indon investments
      686 6  -  Demand that pact with mining firm be renegotiated may keep foreign investors away From Shoeb Kagda in Jakarta THE ongoing controversy between one of Indonesia's largest foreign investors and the country's legislators is threatening to undermine the country's standing among
      686 words
    • Article
      Lock icon M'sia to bring in 120,000 more foreign workers
      189 6 KUALA LUMPUR AFP MALAYSIA will bring in another 120,000 foreign workers for its construction, manufacturing and plantation sectors, reports said yesterday. Deputy Home Minister Tajol Rosli Ghazali said the need for additional foreign labour is due to increased construction and a tight
      AFP  -  189 words
    • Article
      Lock icon Jakarta starts marketing state firms to investors
      239 6 JAKARTA Reuters INDONESIA said yesterday that it had started a marketing campaign to sell shares in a state-controlled international telecommunications firm, port and airport firms and its largest palm oil plantation to strategic investors. "We started in October the marketing process to potential
      Reuters  -  239 words
    • Article, Illustration
      Lock icon Set to light up a birthday
      43 6 [PHNOM PENH] A technician installing lights around a portrait of King Norodom Sihanouk above the main entrance to the Royal Palace here yesterday. The revered Cambodian king will turn 77 at the end of this month AFP
      AFP  -  43 words
    • Article
      Lock icon Sarawak business leader dies
      174 6 KUCHING Bernama A PROMINENT corporate figure from Sarawak, Wee Boon Ping, died here early yesterday morning of an undisclosed illness. A source close to the family said yesterday that he died at 6.44 am after being admitted to the Normah Medical Centre on Monday evening. The
      Bernama  -  174 words
    • Article
      Lock icon Brunei probe: KPMG wins appeal
      258 6 LONDON Court overturns ban, allows firm to help look into miming state funds AFP KPMG, one of the world's Big Five accountants, on Monday won an appeal in the London courts to overturn a ban on the company investigating the disappearance of billions of dollars
      AFP  -  258 words
    • Article
      Lock icon Estrada: I'm not picking a fight with Mahathir
      627 7 MANILA He says ties still strong lawmakers plan to go ahead with trip to M'sia to monitor Anwar trial AFP PHILIPPINES President Joseph Estrada said yesterday that he was "nqt picking a fight" with Malaysian leader Mahathir Mohamad and looked forward to
      AFP  -  627 words
    • Article
      Lock icon Howard may visit Jakarta: Downer
      225 7 CANBERRA Reuters AUSTRALIAN Prime Minister John Howard may visit Indonesia before next month's Asia-Pacific Economic Cooperation (Apec) forum in Kuala Lumpur, said Foreign Affairs Minister Alexander Downer yesterday. Mr Downer confirmed that a visit to Jakarta was under consideration. The visit would be Mr Howard's
      Reuters  -  225 words
    • Article, Illustration
      Lock icon Habibie and Estrada interfering says KL
      227 7 KUALA KRAI. Kelantan Bernama MALAYSIA considers the statements attributed to the Indonesian and Philippine presidents in connection with the arrest of former deputy prime minister Anwar Ibrahim as interference in its internal affairs, Foreign Minister Abdullah Ahmad Badawi said. He said he had contacted
      Bernama; REUTERS  -  227 words
    • Article, Illustration
      Asean ties to worsen before improving
      591 7  -  AOAXVZBW New leaders seem to prefer an Asean more tolerant of dissenting views By Yang Razali Kassim THERE'S no denying that Asean is not its usual self these days. The Anwar Ibrahim issue has led the Philippine and Indonesian leaders to break with convention
      591 words
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      142 6 1 1 1 I IV .M VPA I k L «s I i $s Fb bi jg —•-->-- IB L JL JB|PiP' B ff A a BUb ■II B( B| IttMfe 1 I I' J it L 1 I 1 F P f 1 f-.— You probably aren't m k'
      142 words
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      146 7 I Notable success rate was achieved by the first group of H SIM graduates, including three distinction awards. H Awarded by Univenlty of London I Commencing February 1999 H 5524,720.00 (Payable by instalments) H two-year part-time programme enhances the skills of financial H managers. It focuses on the techniques needed
      146 words
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      108 7 Strait Talk r shipping Times mmwtttTß Agiv SofTech offers hassle free I supply, installation and maintenance of I your computer systems. I Attractive prices for PCs, Servers, I Notebooks and Peripherals I Expert installation and maintenance of I I hardware, software, Local Area Network, I Internet and E Mail systems
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon Foreign banks fear more defaults by China firms
      458 8 BEIJING New lending to state firms stoppdft, loans being rcjpalled FT AFP FOREIQfI hanks in China have stopped new lending and are cfctylht tn loans to state-backed to Vestment companies as feat& have grown that the collapse of one of the most
      FT; AFP  -  458 words
    • Article
      Lock icon China to discuss new securities law next week
      420 8 SHANGHAI AFP CHINA'S much anticipated Securities will be discussed at a-meeting of the country's toft legislature beginning next week, the Shanghai Securities News reported yesterday. In the latesf sign that passage may be imminent after six years of the official daily printed
      AFP  -  420 words
    • Article
      HK economy contracts 5.2% in Q2
      459 8  -  Fall due to further slack in consumer demand, exports tYom Loh Hul Yin in Hongkong HONGKONG'S economy shrank by 5.2 per cent in the second quarter, slightly more than the government's initial estimate of 5 per cent in August. Coming on top of the
      459 words
    • Article, Illustration
      Lock icon Jiang making historic visit to Japan next month
      178 8 TOKYO AFP CHINESE President Jiang Zemin win make an unprecedented official visit to Japan on Nov 25, Foreign Minister Masahiko Komura confirmed yesterday. "The purpose of President Jiang's visit is to deepen friendly relations on the 20th anniversary of the Aug 12
      AFP  -  178 words
    • Article
      Lock icon China to set up laws to protect foreign firms
      337 8 BEIJING Official: ItH make great efforts to improve investment environment Reuters CHINA will implement laws to improve its investment environment and protect the interests of foreign firms, the Financial News said yesterday. "China will continue to make great efforts to improve
      Reuters  -  337 words
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      110 8 a®DBSGAFDCBsITRE CVftY i iswwwyi# I o^f*& i i I 1 I t •-(< f 4 v V! it "X -«r J n I t* v. I I i I r v i .4 it I r J l >\ T V v .-*•.«< > i -a» success I I t~
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      64 9 0 0 4 t Idp* J»M'a' v JSB&m •jiiju I fj!lf v k r Si i ISil V UK* f rem tv 'V. '4&* K *iiK \«L /?*■>>'' 1 m v 3 W -> '1 1 K < 1 1 Kr a .•j* z ?&2?rr w a r*svS mi Ai-*<
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  • ASIA
    • Article
      Lock icon Top Japan economists to study why burst
      175 10 TOKYO AFP JAPAN'S top economic planners have decided to study J*what went wrong with its eco- nomic boom, officials said V yesterday as the country is £Unow mired in its worst post- war recession. f» The Economic Planning will study over the next
      AFP  -  175 words
    • Article
      Lock icon Watchdog to force Japan banks to reveal bad loans in affiliates
      404 10 TOKYO Recent andit links LTCB's problems to such loans held by non-bank nnits FT JAPAN'S banking regulator is drawing up plans to force disclosure from next spring of bad loans that banks have hidden in affiliated companies. The move
      FT  -  404 words
    • Article
      Lock icon Opposition wants probe into LTCB
      261 10 TOKYO AFP FIVE Japanese opposition lawmakers yesterday asked Tokyo prosecutors to file a case against the troubled Long-Term Credit Bank of Japan Ltd for breach of trust, a party official said. LTCB virtuaUy coUapsed in June after its share price tumbled and is expected to
      AFP  -  261 words
    • Article, Illustration
      Lock icon The toaster of the town
      109 10 [SYDNEY] A tourist yesterday looking towards Australia's most hated building (right), dubbed the "toaster" and owned by the Hong Kong and Shanghai Hotel Group. Apartments in the building which blocks the view of the Sydney Opera House (left) from the city are finally on sale,
      AFP  -  109 words
    • Article
      Lock icon Another 16% Japan finns lose credit lines
      185 10 TOKYO Corporate bankruptcies ap 19% in September Bloomberg JAPANESE banks cut off credit to 15.7 per cent more companies in September than in the same month a year earlier, the 16th straight increase as the country's business slump led to dishonoured bills, industry
      Bloomberg  -  185 words
    • Article
      Lock icon Foreign telcos unrealistic about Indian market: official
      357 10 NEW DELHI Plan to privatise sector also not going smoothly, he says AFP FOREIGN firms have overestimated the growth in India's telephone services, and plans to privatise the telecom sector have been a non-starter, according to a senior industry official. "It is a
      AFP  -  357 words
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      276 10 of tender for taxable book-entry Government Bond H| 1998 due 15 October 2005 issued on 23 October 1998 I Amount Offered Allotted *****,000,000 I Amount APP I 553,064,769,000 jjjjfc#*l Interest/Coupon Rate 4.375% p.a. lon 4.40% p.a. and 99.852% 1 Cut-off Yield and Price 4.45% p.a. and 99.555% t i I
      276 words
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  • THE WORLD
    • Article
      Lock icon Microsoft used threats, bribes aimed at crippling us: Netscape
      514 11 WASHINGTON Govt lawyers say Gates led illegal efforts to crush competition Bloomberg LAT-WP MICROSOFT Corp's top executives, including chairman Bill Gates, tried to cripple ri- val Netscape Communications Corp with threats and bribe offers to computer makers and others, says Netscape
      Bloomberg; LAT-WP  -  514 words
    • Article, Illustration
      Lock icon Parallels in Asia crisis, LTCM woes: World Bank
      352 11 GENEVA Cronyism, conflicts of interest, high debts seen in both AFP WORLD Bank chief economist Joseph Stiglitz charged on Monday that problems blamed for the financial crisis in Asia were also rife at troubled US-hedge fund Long-Term Capital Management. Mr Stiglitz, speaking
      AFP  -  352 words
    • Article
      Lock icon Tough decisions needed in global market: Rubin
      269 11 NEW HAVEN, Connecticut Bloomberg GOVERNMENTS around the world must make tough economic decisions, often at odds with their short-term political interests, to protect the increasingly interdependent global economy, said Treasury Secretary Robert Rubin. "The world is now experiencing its most serious financial crisis,
      Bloomberg  -  269 words
    • Article
      Lock icon US trade deficit swells to record US$ 16.8b in Aug
      378 12 WASHINGTON Exports squashed for sth straight month, economists lower US GDP forecasts Reuters THE US trade deficit with the rest of the world surged in August to a record high as the global financial crisis depressed exports for a fifth
      Reuters  -  378 words
    • Article
      Lock icon Schroeder wants pact to limit speculation
      89 12 BONN AFP GERMAN Chancellor designate Gerhard Schroeder called for an international agreement to limit financial speculation, in remarks yesterday. He told a press conference that there was an "urgent" need to "conclude an international agreement limiting financial speculation". Germany, which is to chair the
      AFP  -  89 words
    • Article
      Lock icon German growth fuelled by domestic demand
      209 12 FRANKFURT Bloomberg GERMANY'S central bank said stronger home-grown demand powered growth in Europe's biggest economy in July and August, while export orders slowed amid recession in Asia and Russia. Activity in German industry "strengthened again" in July and August, the central bank said in
      Bloomberg  -  209 words
    • Article
      Lock icon Russia to slash spending, cut taxes
      215 12 MOSCOW Bloomberg RUSSIA will slash spending to narrow its deficit to less than one per cent of gross domestic product while cutting corporate taxes to try to pull the economy out of its steepest decline in three years, a deputy finance minister said yesterday.
      Bloomberg  -  215 words
    • Article, Illustration
      Lock icon Standing ovation
      82 12 [STRASBOURG, France] This year's Nobel Peace Prize winner and Irish member of the European Parliament John Hume (centre) yesterday being congratulated by the British president of the Socialist group of the European Parliament, Pauline Green (left), Spanish socialist M P Manuel Medina Ortega (right) and other members of
      REUTERS  -  82 words
    • Article
      Lock icon OECD trying to rescue collapsed int'l investment treaty talks
      334 12 m PARIS Pessimism growing after France's surprise pull-out Reuters SENIOR officials from OECD countries started meetings yesterday to see what they could salvage from the wreckage of talks on an international investment treaty. Officials at the Organisation for Economic Cooperation and
      Reuters  -  334 words
    • Article
      Lock icon Goldman strategist sees Dow at 10,000
      278 12 NEW YORK Reuters GOLDMAN Sachs Co US market strategist Abby Joseph Cohen, one of Wall Street's most respected stock forecasters, said the stock market's wrenching turn could soon be forgotten and the Dow could see 10,000 a year from now. She said her 12-month
      Reuters  -  278 words
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      8 11 More hedge fundfailures likely: SEC chief, Pg 20
      8 words
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      192 12 Why imports are good for Uncle Sam, Pg 13 I Buying Accounting Software? I I Who are you buying from? I Do not make the wrong decision ask the following questions of the software company before you buy: H What Is the background of the company? H What la the
      192 words
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      Page 12 Advertisements Column 2
      205 12 imas presents Best Practices Conference: "Compliance and Control" framework •understand the 9.ttopn 10.00 am Keynote Address by Mr Enoch Ch'ng, Senior Director, Specialised Supervisory Resources (Financial Supervision Group), Monetary Authority of Singapore 10.00 am 10.45HH "Best Practices': Compliance and Internal Controls and Tax Issues for Fund Managers and Investors by
      205 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Why imports are good for Uncle Sam
      634 13  -  THE BOTTOMLZNE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared EVERYONE wants more exports. They are good for the economy and create well-paid jobs. That is the message the US Clinton administration
      634 words
    • Article
      IN OTHER WORDS
      182 13 There has been a tendency in the US to privatise gains and socialise losses.' Jean-Marie Bnflari manager of Sogen's International Fund, who says that according to Milton Friedman, capitalism is a system of gains and losses, and losses areas important as gains. But sometimes the Americans violate
      182 words
    • Article
      Another step for China and Taiwan
      629 13 EDITORIAL THE mere fact that Taiwan and China have started talking again, instead of hurling insults at each other, is itself an achievement Given their history, it would have been too much to expect any breakthrough in the reunification process in the just-end-ed unofficial
      629 words
    • Article, Illustration
      Lock icon The credit pendulum
      1243 13  -  Present-day financial crises may need updated versions of 19th century remedies By Martin Wolf FT Every great crisis reveals the excessive speculation of many houses which no one before suspected, and which commonly had not begun, or had not carried very far those speculations till they were
      FT  -  1,243 words
    • Article
      WHAT THE OTHERS SAY
      321 13 Multilateral investment pact hits wall WHEN the Multilateral Agreement on Investment (MAI) was launched in 1995, its sponsors trumpeted it as a blueprint for global economic governance. The effort now seems in danger of grinding to an embarrassing halt. Does this matter? Not much. The issue
      321 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      61 13 I WORKING HARD AT KEEPING UP WITH I I «L|» «■**s§*** I ASIA MARKET WRAP, a programme that provides an insightful summary of I I the day's share market performance and its impact on Asia. Weekdays at spm. I B A» I A J iyM I CNBC Asia is available
      61 words
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  • LEISURE
    • Article, Illustration
      Showcase of the region's heritage
      790 14  -  Asian Civilisations Museum exhibition features what the different peoples in S-EA have in common, toh sag reports TOH HAM SHIH THE exhibition at the Asian Civilisations Museum (ACM), titled Highlanders, Islanders, 'Headhunters', shows Singapore has one thing in common with its South-east Asian heritage that
      790 words
    • Article
      Lock icon White meat also can cause cancer: US study
      331 14 HEALTH Reuters [WASHINGTON] People who have quit eating steaks for health reasons but still eat chicken and fish may still have a higher risk of colon cancer, researchers say. They said so-called white meat is no less likely to cause cancer than
      Reuters  -  331 words
    • Article, Illustration
      Lock icon Older, wiser and stronger
      796 14 HEALTH Rebuilding muscle power, bone density crucial in old age NYT {NEW YORK] Fred Kovaleski, a former State Department official, stares across the net at Jason Morton in the thick of their fight for the title of No 1 tennis player in the world. Kovaleski is
      NYT; FILE PHOTO  -  796 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      228 14 Drinh Vour Nay To Healltiij Savings! (Ocean natural mineral water and MI f pure distilled water now come with a wider range °f dispensers designed to fit any living or working space! tO P l^e P rem um quality standard that can be assured ot Selling Price I (A) Hot
      228 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      209 15 Where to wine, dine and entertain..:^ "HI SfiS m wmm m ■»> i ITALIAN T Over 50 choices mam courses and desserts. I Lunch at-i$ 29.90fatfM/f) Dinner at s$ I9i9ofad«/tj I (Child at 5$ 15.00) Reservations Recommended. Call 738 1188 ext 8030 for reservations Free Forking rnce qmtfd u uriyn
      209 words
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      Page 15 Advertisements Column 2
      123 15 I CfljFE 2*E I L'LVLLI Daily A La-Carte menu. ImM Western and local <• /JT favowifcef chefs V. MM! yfl speciality top selling »lf m JS Hainanese Chicken Rice, Nasi Goreqg Istimewa, etc. Function Room available for private parties, company dinner and dance, conference, seminar and meeting. Contact F B
      123 words
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      Page 15 Advertisements Column 3
      204 15 .sdShdL r=^l f w o se s D l p Enjoy Unlimited Servings of L MAWKCKS'.AU.£y Coffer. l! testable Szechuan delicacies, l] j.ldfn to K?Jiw fa P rc P a la minute. Highlights I" include Shark's Fin Soup. Sliced 3| Venison with Spring Onions Ginger, ?i il9.SO+++ fftf «UtU* Steamed
      204 words
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      Page 15 Advertisements Column 4
      85 15 li4a't fN Iin«? I ml it Cats' Mews/ Catsk Cats' Mm ia Saa4ay Cltsiifitd (Mi imktaJ. J 4% V*4 N 4 CATS. m r ANdbw I RESTAURANT OHBT* WME CELLAR f Theme Restaurant Foodcourt j M^r Hljteby J n& A I y t» the full otlue bf Jo%a/T »f yur
      85 words
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      Page 15 Advertisements Column 5
      123 15 EATiA TRfP C\ TO KOH SAMUI, THAILAND! MM with every order of our award-winning Chicken Rice A 4tt Chatterbox Coffeehouse, Yuk/J the Chicken Rice Capital $f the World. Ti 31 October 1998 only. Hurry! I, nr jponMr: Coffeehouse 111 floor Mandarin QQ Singapore I JJJ Orchard Roai, Singaporr *****7. Teb
      123 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      841 15 TV&RADZO Ffilwia ett s WO Li Tribe Of China. pMTui n nu ,.i n „c 8 Showbuzz. 5.35 Snow White. Innovations. 9.00 Talking Point. 400 f ldz Blitz: Sesame 9m30 Bu ffy The Vampire MmU 5.00 The Silver Brumby. Response TV. *30 Th P Dieswpll Hne n 1, uurcnoice). 2.00
      841 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      165 15 CRYPTIC CROSSWORD 21 Get actor to represent rural 1 I p2 I I P 4 —y partners are specially invited (6,5) DOWN ship (8) YESTERDAY'S SOLUTION 14 Large woman: it's Agnes in 1 In fact, I bet Angus is a High- disguise (8) lander (7) 16 Worker with horses is
      165 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Lock icon Novell places bets on Net
      641 16  -  All of networking company's products now support leading Internet technologies, CEO tells baju RAJU CHELLAM Networking software leader Novell Inc is leveraging on Internet technologies to fuel its growth and maintain its leadership position in the networking arena. The company is also offering specially tailored
      ARTHUR LEE  -  641 words
    • Article
      Divergence is the trend for end-user devices
      610 16  -  Single multi-purpose Net machines are impractical: scientist By' Toh Han Shih THE future lies not in one single multi-purpose Internet device, but a proliferation of many Internet devices for different uses, says Bill Buxton, chief scientist at Alias I wavefront, a US firm
      610 words
    • BOOK marks
      • Article
        Net ads show sharp growth
        108 16 ADVERTISING on the Internet recorded a sharp growth in the first quarter of this year, with the top 25 industries increasing ad spending by 92 per cent compared to the same period last year. InterMedia Advertising Solutions, which tracked 300 Web sites, found that computers
        108 words
      • Article
        US law on online child protection
        89 16 THE US Congress has passed a bill which can prosecute commercial Web sites that allow children to access Information described as "harmful to minors". Under the Online Child Protection Act, Web site operators are now legally required to specify the age bar for surfers.
        89 words
      • Article
        Yahoo! to buy Yoyodyne in US$ 3Qm deal
        112 16 THE world's most popular search engine Yahoo! is acquiring Internet-based interactive direct marketer Yoyodyne Entertainment in a U5529.6 million (Ss4B million) all-stock deal. Under the agreement, Yahoo! will issue 280,664 shares for all outstanding Yoyodyne shares, options and warrants. Since Yoyodyne offers
        112 words
      • Article, Illustration
        Travellers'guide to Asia
        50 16 BUSINESS travellers to Asia can get instant information on most Asian countries, ranging from accommodation and airlines to food and culture, at a new Web site called TravelAsiaNet (www.travelasianet.com). Apart from travel-related news, the site also has updates on the latest business seminars and conventions in Asia.
        50 words
      • Article
        More Anssie men shop online
        96 16 MORE Australian men than women are likely to make online purchases, going by the findings of a survey by Morgan and Banks, an Australian recruitment firm. The survey of 1,800 Australians who had accessed the recruiting firm's site found that about 63 percent of males
        96 words
      • Article
        Surfers visit news sites first
        110 16  -  Compiled by Francis Aug ACCORDING to a recent survey by Media Metrix, news content sites have overtaken search engines as the most popular first stop for Internet users. However, the popularity of shopping sites is growing at the fastest rate. Media Metrix's survey, which covers
        110 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      282 16 p-business BAT 7AM: SIGNED A DEAL IN HONGKONG. Hardware and software financing AT 7.10: BOUGHT A BASKET OF RAMBUTANS. at attractive AT 7.20= MET CUSTOMERS IN PARIS. IT,;,™, AND AT 7.30: STARTED TO GET DRESSED. Imagine waking u|> and getting things done before leaving your apartment. Sounds useful'/' It's available
      282 words
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      Page 16 Advertisements Column 2
      6 16 brought to you by £:£f£ rsi
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  • COMPANIES & MARKETS
    • Article
      Ballooning NPLs make chasing bank stocks risky
      610 17  -  Increased risk of sharp slowdown or even recession in US and Europe By\ Slow Li Sen (SINGAPORE] THE 80 per cent spectacular recovery in prices of bank stocks from their lows in just over a month happened so quickly that many investors were
      610 words
    • Article
      See Hup Seng launches IPO shares at 23 cents each
      383 17  -  10% of 16m new shares available for public subscription Byl Marissa Chew [SINGAPORE] See Hup Seng yesterday launched its initial public offer for a Sesdaq listing with 16 million new shares at 23 cents each. However, the public can subscribe
      383 words
    • Article
      Fear, greed and momentum still rule the investing game
      677 17  -  HOCK LOCK SIEW R Sivanithy am PREVIOUSLY unheard of 20 per cent move in one week for the dollar-yen exrate, 800-point HHrises or falls in the Nikkei 225 index and 100-point jumps or drops in both the Straits Times Index and
      677 words
    • Article, Illustration
      Robinsons warns of expected fall in profit
      474 17  -  By Diana Oon [SINGAPORE] Robinson Co yesterday warned analysts to expect profit declines in the current fiscal year to June 1999, as group investment income and sales turnover continue to decline in the difficult economic climate. No actual numbers were given. "The going
      474 words
    • Article
      Lock icon SIA may buy up to 25% of Taiwan's China Airlines
      376 17 Move will make it the carrier's largest foreign investor Bloomberg [SINGAPORE] Singapore Airlines Ltd said it may buy as much as 25 per cent of China Airlines, a move that will make it the largest foreign investor in the Taiwanese
      Bloomberg  -  376 words
    • REGIONAL COMPANIES
      • Article
        YTL to buy 3 prime properties from Taiping Cons for RM 323m
        669 18  -  Construction, power group may also take part in restructuring of property firm tYon Ruth Wong in Kuala Lumpur CASH-RICH construction and power group YTL Corporation may emerge as the "saviour" of financially troubled property group Taiping Consolidated when
        669 words
      • Article
        Lock icon SingTel's IDD traffic fell 3.5% in Sept
        150 18 Bloomberg [SINGAPORE] Singapore Telecommunications Ltd said yesterday its international call traffic fell 3.5 per cent in September from a year earlier, its second year-on-year decline after a similar drop in August. The former phone monopoly's number of international direct dial or IDD outgoing
        Bloomberg  -  150 words
      • Article
        A role for Case in shareholder interest
        149 18  -  LETTER TO THE EDITOR Dr R C Cooper WONG Wei Kong's Hock Lock Siew column "Corporate Singapore should listen to the common man" (BT, Oct 17) is very sensible. An appropriate way for making corporate Singapore listen is to have a responsible shareholders
        149 words
      • Article
        Sunright profit dives 40% to $7.3 m
        259 18  -  By- Annette Pan [SINGAPORE] Mainboardlisted Sunright Ltd yesterday said net profits dived 40 per cent to $7.3 million for the year to July 31 on higher depreciation charges and interest expense. However, the turnover of the semiconductor test and burn-in services group rose
        259 words
      • Article, Illustration
        Lock icon The ninth and newest Nissan Sunny
        77 18 [TOKYO] Yoshikazu Hanawa, president of Nissan Motor Co, showing offa ninth-generation Sunny during a press preview at a Tokyo hotel yesterday. Since its first generation was introduced in 1966, Nissan has developed a completely new platform for bunny, in search of higher levels ofsafety
        AFP  -  77 words
      • Article
        WBL sells 8% of biotech venture to China partner
        134 18 [SINGAPORE] WBL Corp is selling an 8 per cent stake in Wearnes Beida Biotech Co (WBB) to joint venture partner Peking University for US$5 million (SsB million). The disposal will make WBB a subsidiary of PU and a 43 per cent
        134 words
      • Article
        Lock icon Metro Pacific postpones its rights issue
        208 18 Subsidiary of First Pacific cites poor market conditions Reuters [HONGKONG] First Pacific Ltd said yesterday its Metro Pacific Corp subsidiary was postponing a rights issue planned for the fourth quarter of this year due to unfavourable market conditions. First Pacific said the planned offering
        Reuters  -  208 words
      • Article
        Lock icon HK banks face squeeze in 1999 as NPLs surge
        327 18 Analysts see four-fold rise in NPLs ahead; many say banks not provisioning enough Bloomberg (HONGKONG] Hongkong bank earnings will likely tumble next year as non performing loans rise nearly four-fold from mid-1998, analysts said. Some analysts estimate bad loans will rise
        Bloomberg  -  327 words
      • Article
        Lock icon Telekom (M) ups stake in Digital Phone: report
        96 18 Reuters [BANGKOK] Telekom Malaysia Bhd has spent one billion baht (5542.8 million) increasing its stake in Thailand's Digital Phone Co to 40 per cent from 33.83, the Nation reported yesterday. Digital Phone is a new Thai cellular phone company and a subsidiary
        Reuters  -  96 words
      • Article
        UPP pays RM 6.9m for site in Selangor
        212 18 [SINGAPORE] In one of the first cross-border deals announced since Malaysia implemented capital control, listed paper and packaging maker United Pulp Paper is paying 6.9 million Malaysian ringgit (552.9 million) for a large tract of land in Selangor. UPP said the 25-acre
        212 words
      • Article
        Lock icon Sime Darby Pilipinas ends trading of its shares
        406 18 Philippine exchange yet to approve the delisting move Bloomberg [MANILA] Sime Darby Pilipinas Inc, a Philippine unit of Malaysian tyre manufacturer Sime Darby Bhd, said it was ending public trading of its shares yesterday, although the Philippine Stock Exchange (PSE) has yet
        Bloomberg  -  406 words
      • Article
        Lock icon Astra to meet creditors tomorrow
        176 18 Reuters [JAKARTA] Indonesia's largest car manufacturer, PT Astra International, said yesterday it planned to meet foreign creditors in Singapore tomorrow to negotiate the company's foreign debts. "We will hold a meeting with our foreign creditors, mostly from Japan, to talk about the company's foreign debts,"
        Reuters  -  176 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Texas Instruments' Q3 profit falls 31% as sales drop
        463 19 Weak prices for chips; concern over demand for digital signal processors Bloomberg [DALLAS] Texas Instruments Inc, the biggest maker of semiconductors for cellular telephones, said thirdquarter profit fell 31 per cent because of weak prices for computer memory chips and slower
        Bloomberg; Source: Bloomberg  -  463 words
      • Article
        Lock icon Profit soars for business software firm SAP
        221 19 Reuters Bloomberg [MUNICH] SAP AG, the world's largest business software maker, said yesterday that third-quarter pre-tax profit beat expectations by rising 50 per cent to 376 million marks (***** million). The firm, however, repeated its forecast that full-year profit would rise by only
        Reuters; Bloomberg  -  221 words
      • Article
        Lock icon Western Digital posts US$ 110m loss in Q1
        337 19 Poor showing reflects inventory glut in disk drives Reuters Bloomberg [IRVINE, California] Western Digital Corp, a maker of computer disk drives, on Monday reported a hefty loss and a big drop in revenues in its fiscal first quarter, when the industry was
        Reuters; Bloomberg  -  337 words
      • Article, Illustration
        Lock icon Disney chief sets the pace in community work
        68 19 [CALIFORNIA] Michael Eisner, chairman and CEO of The Walt Disney Co, hammering away at a Habitat for Humanity housing site in Burbank, California, on Monday. Disney's executive team, led by Mr Eisner, assisted with construction work at the home, which Disney has
        REUTERS  -  68 words
      • Article
        Lock icon Chase's Q3 profit tumbles 32% to US$ 738m
        270 19 Bloomberg [NEW YORK] Chase Manhat tan Corp, the second-largest US bank, said third-quarter earnings fell 32 per cent, on trading losses and declines in equity investments. Profit from operations fell to US$73B million (Ssl.2 billion), or 82 US cents a share, from
        Bloomberg  -  270 words
      • Article
        Lock icon Intel to pay US$ 185m for network products maker
        425 19 Purchase of Shiva aims to expand a fast-growing area in Intel's business Reuters Bloomberg [SAN FRANCISCO] Intel Corp, the world's largest semiconductor maker, said on Monday that it will buy Shiva Corp, a maker of computer networking products, for US$lB5 million
        Reuters; Bloomberg  -  425 words
      • Article
        Lock icon Higher-margin chips boost STMicroelectronics' Q3 profit
        354 19 Bloomberg [PAßlS) STMicroelectronics NV, Europe's No 2 chipmaker, said yesterday third-quar-ter profit rose 4 per cent, helped by demand for chips used in cars, mobile phones and other consumer electronics. The company, second to Royal Philips Electronics NV, earned a higher-than-expec-ted US$lOl.6 million (*****.6
        Bloomberg  -  354 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon More hedge fund failures likely, warns SEC chief
        345 20 Levitt not comfortable with LTCM bailout engineered by Fed Reuters [CAMBRIDGE, Massachusetts] The man in charge of policing US markets said on Monday that he believed that the rescue of Long-Term Capital Management (LTCM), a hedge fund that had leveraged an amount
        Reuters  -  345 words
      • Article
        3 French insurers set up FFrlOOm reinsurance company
        188 20  -  By\ Soh Tiang Keng [SINGAPORE] France's biggest reinsurer Scor, which has its Asia-Pacific head office in Singapore, has teamed up with two other French insurers to form a new reinsurance company. The new company, known as Mutre, has an initial capital of
        188 words
      • Article, Illustration
        Lock icon ANZ shuts institutional stock trading business
        338 20 Bloomberg (SYDNEY) Australia and New Zealand Banking Group Ltd, Australia's fourth-larg-est bank, yesterday closed its institutional stock trading business and fired 154 traders, analysts and support staff. The bank said its ANZ Securities arm will focus on retail investors after the decision, which reduces
        Bloomberg  -  338 words
      • Article
        Lock icon Morgan Grenfell's ex-top manager on fraud charges
        263 20 Three other men also facing similar charges FT [LONDON] Peter Young, the former star fund manager at Morgan Grenfell Asset Management, was charged with conspiracy to defraud by the Serious Fraud Office on Monday almost two years after he was dismissed from the
        FT  -  263 words
      • Article
        Deutsche merges 2 fund mgt units
        326 20  -  MGAM represents group's investment management interests in Asia By Shiv Taneja [SINGAPORE] DB Fund Management (DBFM), one of the investment management arms of Deutsche Bank, h«ts been integrated with its other fund management unit, the more established Morgan Grenfell Asset Management (MGAM), here in
        326 words
      • Article
        Lock icon JP Morgan to cut expenses by US$ 400m in 1999
        359 20 Bank unveils move as anaemic markets erode revenue Bloomberg [NEW YORK] JP Morgan Co, which has spent the last decade building its invest-ment-banking business, will reduce expenses by US$4OO million (*****.2 million) in 1999 as it continues to cut costs
        Bloomberg  -  359 words
      • Article
        Futures volumes hit new highs
        254 20  -  STMTIX Report MSCI Singapore Index Jardine Fleming [SINGAPORE] The MSCI Singapore Index ignored strongly higher markets in Tokyo, Malaysia and Thailand yesterday. Investors demonstrated a greater willingness to venture out on the waters of regional risk and the Singapore market suffered from its safe-haven status.
        254 words
      • Article
        Futures dive over slump concerns
        173 20  -  MSCI Taiwan fatures Refco Singapore THE Simex MSCI Taiwan Index futures plunged yesterday on concerns that Taiwan chipmakeVs will suffer from slumping prices and oversupplies. Taiwan Semiconductor Manufacturing Co, the bellwether for Taiwan's semiconductor industry, reported a worse-than-expected 44 per cent fall in its third-quarter
        173 words
      • Article
        Lock icon Oil greets winter with price slide
        202 20 ENERGY REPORT Reuters (LONDON] World oil prices were back in the bargain basement yesterday after a heavy price slump on Monday which caught dealers unawares. London December futures for benchmark British Brent blend were valued at U5512.49 a barrel in early trade, up 10
        Reuters  -  202 words
      • Article
        Lock icon CURRENCY REPORT
        287 20 Reuters AFP London THE US dollar firmed against the mark yesterday, buoyed by technical factors and a firm tone on Wall Street. Concern about the German economy also took some of the shine off the mark, traders said. Heavy stop-loss buying propelled the dollar higher against the yen,
        Reuters; AFP  -  287 words
      • Article, Illustration
        Untitled
        1275 20 IHTERBAMl CROSS RATES A$ C$ ftub ECU fk Dm HK$ Ind Bs Hwptoh Yen Wow BM Pafc 81 N» S$ gaud Sfr «T< Bafct Hmt US$ Awtralia 0.977 6.178 0.524 1463 1.033 4.901 26.750 48.461 0.728 8.399 2.403 1.191 34.576 27.100 102S 1605 0.*****.820 ***** 0.373 0.632 Cmda 1.024 5.373
        1,275 words
    • Article
      COMMODITY PRICES
      1847 21 SICOM FUTURES Oct 20 RUBBER (futurts dosing m «t 5.30pm) RSS1 CONTRACTS c*«tsAg) Close Volum* OpM Month High Low Sett (towns) Interest Nov 98 120.00 1325 Dec 98 121.25 1450 Jan 99 122.25 550 Fed 99 124.25 650 Mar 99 125.50 850 Apr/Jun 99 129.25 128.00 129.00 2850
      1,847 words
    • Article
      WORLD STOCK MARKETS
      2330 21 LONDON Industrials Oct 20 Pwct 31 Group 510.000 10.000 AB Ports 283.000 7.600 Abbey National T107.750 48.140 Allied Domecq 493.400 18.200 Allied Zurich 681.000 681.000 Amec 190.000 2.000 Asda Group 158.000 0.400 BAT Ind 492.000 *16.600 BG Pte 399.000 11.400 BICC 42.000 -15.000 BOC Group 751.000 ♦31.000
      2,330 words
    • Article
      Lock icon TOKYO
      1619 21 AFP P Nikkei 225 ****** TOKYO stocks rose yesterday for the third consecutive day, closing 1.8 per cent higher on public-fund buying in late trading, brokers said. The Nikkei 225 Index rose 240.85 points to close at 13,808.05. Volume was estimated at 400 million shares, compared with 464.2 million
      AFP  -  1,619 words
    • Article, Illustration
      Lock icon HONGKONG
      1549 22 AFP PI Hang Sen* >43-70 HONGKONG shares rose 0.5 per cent yesterday on selective institutional buying following overnight gains on Wall Street, dealers said. "The market is behaving well with no strong selling pressure. Institutional funds are having too much cash on hands," said Howard Gorges, vice-president at South
      AFP  -  1,549 words
    • Article, Illustration
      Lock icon JAKARTA
      743 22 AFP Q Composite Index +0.16 INDONESIAN shares closed slightly higher by almost 0.1 per cent yesterday, on quiet trading amid speculative buyings following a firmer rupiah, dealers said. "I think the market was driven mostly by (car manufacturer) Astra International amid expectation that the company's creditors will approve a
      AFP  -  743 words
    • Article, Illustration
      Lock icon BANGKOK
      792 22 AFP AFXAsia -71 SET Index +17J9 THAI bank stocks surged yesterday on investor enthusiasm over falling interest rates and government initiatives to improve liquidity, but analysts warned the rally could be short-lived. The banking sub-index of the Stock Exchange of Thailand (SET) jumped 17.7 per cent, or 27.99 points
      AFP; AFX- Asia  -  792 words
    • Article
      Lock icon MANILA
      314 22 AFP jyj Manila -2L66 PHILIPPINE share prices fell 1.5 per cent yesterday due to profit-taking after rising for almost two weeks, analysts said. The Philippine Stock Exchange Index fell 21.66 points to close at 1,467.69 points. Volume rose to 2.65 billion shares worth 1.19 billion pesos from 1.15 billion
      AFP  -  314 words
    • Article, Illustration
      Lock icon CHINA
      639 22 Reuters nShenzhenßlndex -L4O SHENZHEN'S hard currency B shares closed lower yesterday in a sharp correction after several days of Hongkong-inspired gains, analysts said. The B Share Index fell 1.40 points, or 2.06 per cent, to 66.68 on turnover of HK$ll million, compared with HK$lB million on Monday. "Today's move
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  639 words
    • Article
      Lock icon TAIPEI
      373 22 AFP □iff Index -5534 TAIWAN share prices closed down 0.8 per cent yesterday, led by technology shares, amid concern over thirdquarter corporate results. The Taiwan Stock Exchange Weighted Price Index fell 55.84 points to 6,848.72, following a 3.37 point rise in the previous session. "Many companies still have not
      AFP  -  373 words
    • Article
      Lock icon SEOUL
      424 22 AFP 01 Composite Index +1138 SOUTH Korean share prices closed a sharp 3.9 per cent higher yesterday on futuresled buying late in the session and as sentiment about the sale of bankrupt Kia motors improved, dealers said. The rally came despite the market being flat for most of the
      AFP  -  424 words
    • Article
      Lock icon SYDNEY
      597 22 AFP F1 All Ordinaries ♦LI AUSTRALIAN shares closed up less than 0.1 per cent yesterday as investors worry over further volatility in global markets, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index closed up 1.1 points at 2,516.9. The All Industrials Index ended up 4.7 points at
      AFP  -  597 words
    • Article
      Lock icon WELLINGTON
      260 22 AFP fj Wellington ♦17.57 NEW Zealand stocks rose one per cent yesterday on turnover worth NZ$Bl.7 million. The NZSE-40 Index increased 17.57 points to 1.804.55. Telecom Corp climbed nine Australian cents to A 57.81 while Carter Holt Harvey gained 10 Australian cents to A 51.46. AFP Oct to m$
      AFP  -  260 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares soar 6.7% in run-up to 1999 budget
        442 23 AFP Composite Index +26.71 MALAYSIAN share priccs soared 6.7 per cent yesterday in the run-up to the 1999 budget to be delivered in Parliament later this week, dealers said. The Kuala Lumpur Stock Kxchange Composite Index ended at 422.97 points, up 26.71
        AFP  -  442 words
      • Article
        Untitled
        9188 23 INDUSTRIALS Consumer products <998 List Vol Day Net Cap High Low Company Salt '000 High Low P/E $mil 310 170 Ajinomoto 240 10 13 240 230 13.2 97.3 148 35 Anqnasa 62.5 3 107 65 61 92.2 290 123 Apollo Food Hlg 194 4 4 194 192 6.7 77.6 388
        9,188 words
    • WARRANTS & OPTIONS
      • Article
        Guthrie wrt still among 'cheapest'
        188 24  -  WARRANT WATCH -By] R Sivanithy IN the past few columns, we've focused mainly on local warrants while trying to find those which seem to have lagged the recent rally. One possible candidate is Guthrie's 2002 instrument which at 8.5 cents is still one of the
        188 words
      • Article
        Untitled
        2707 24 BONOS, LOANS WARRANTS lw Last Vol Day Last Ouota A«« HigK Low St no Company Sat* *or- (0001 High Low Buyar Sailar Prica 20.5 3 3160 "Acar ******1 USS 7.5 »0.5 137 7.5 6.5 7 7.5 95 4.5 3164 Acma ******4 15.5 *1 1789 16.5 14.5 15 15.5 14 3161
        2,707 words
      • Article
        CLOB INTERNATIONAL
        224 24 523. HONGKONG STOCKS Or Cr *996 Last V«l Day Laat Ouot* 0«v Otv VW Nat uc« MH» Law Stno Company Sat« (OOP) Ht» Law Bwyar 5—ar Cw P/C SmM 400 250 5123 COL (2000) HK 400 150 &0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK—720 2
        224 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7144 25 Transaction date: Oct 20 I Vol Day Last Quot. Oil Div YM Nat Cap Av« <•— i*M« Company Sate COOO) High Law Buyer Seller Cvr P/£ Smll Price MUUHNMSTRY '•*2 49.5 m t IOOO Acmj SOc 74.5 »1.5 1430 78 7) 74 75 27.5
      7,144 words
    • Article
      SESDAQ
      1310 25 19,8 La«t Vol Day Last Ouott tHv W» YM Nat Cap A»a High Lew StNo Company Sal* COOO) High Low 8uyar SMv C'W P/E $mH Prtca MANUFACTURING 243 30 2049 AS Auto Hk 83 *3 6482 87 80.5 83 83.5 15.0N 7.0 1.8 7.8 94.8 72 82 45 2051
      1,310 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        358 26 Stocks Volume Van der Horst 38.813,000 Hotel Prop 36,159,000 Keppel Land 50c 30,422,000 Asia FoodiProp 23,532,000 Keppel Corp 22.089,000 DBS Land 21,413,000 Wing Tai 25c 18,623,000 Hotung Inv NT5 17,805,000 PCI 25c 14,403.000 TAC BtIO 200 13,551,000 Stocks OCBC Foreign 71,196,083 City Dev 50c 62,367,810 Keppel Corp 60,512,932 08S Foreign
        358 words
      • Article, Illustration
        Bears gain upper hand in tug-of-war with bulls
        656 26  -  THE WEEK awp ATI Churning of Indon-linked stocks on rupi&h rally is another feature of eventful session; STI falls 10.85 points to end at 1,108.75 By R Sivanithy [SINGAPORE] Hectic rotational play in mainly Indonesian-linked stocks after the rupiah rose to a
        656 words
      • ON THE GRAPEVINE
        • Article
          Asian reserves an irony
          118 26 THE Ave countries with the largest reserves in the world are in Asia. The irony is that they have invested the reserves in the Organisation for Economic Cooperation and Development countries, so providing "the liquidity to the hedge funds, to play havoc in our markets", observed
          118 words
        • Article
          Not ft chip off the old block
          98 26 SINCE Hongkong intervened in its stock market to fight off speculators in August, the name of monetary tsar Joseph Yam has become well-known In all corners of the world. But not many knew that he has a daughter working with Morgan Stanley In
          98 words
        • Article
          Fighting tooth and nail
          142 26 ANYONE requiring proof that the construction market is in the doldrums need only look at the latest government gazette. For a job redeveloping the Gurkha Cantonment (phase 2B) at Mount Vernon, a total of 34 contractors sent In bids. They Included the subsidiaries of a number
          142 words
        • Article
          HHV positive
          123 26 IT would seem that the Japanese still experience problems grasping the finer points of foreign languages. A good example is Honda's recent announcement about a new sports utilities vebicle (SUV) which is the Junior version of its runaway success, CRV. To capitalise on the name, Honda said the
          123 words
      • Article, Illustration
        HOT STOCK
        69 26  -  -by Shiv Taneja HOTEL Properties closed 11.5 cents higher yesterday at 83.5 cents on a volume of 36.16 million shares, compared with its 10-day traded average of 7.7 million shares. The daily and weekly RSI charts are well into overbought territory, while the daily and weekly Stochastics charts
        69 words
  • Page 17 Advertisements
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      13 17 IPO et t J .1 n 23 cents 6.28x 13.23 cents Construction marine
      13 words
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      Page 17 Advertisements Column 2
      66 17 Cosmos The Allround Talent. /•'/./> at home anywhere. Cosmos CM5271 cantilever chair. /.;> < r\ > r,\ ,;i lin self-assured good impression r. t< rit />/«/«I'ln- w n />.•%' n, />t \l/frctl I'm iihi. K>i\rni IKiii/'lim 1 S.I. 1.1 l'\ In/ (>< miirj I <nn < hr.u .S/low 11 mill
      66 words
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      359 18 Seminar on International Trade Finance Operations Risks, Controls Accounting Aspects Letters of Credit are important financing instruments in import/export transactions, so it is vital that participants in these transactions know what they are doing. A badly opened letter of credit could expose the company to many risks, such as costs,
      359 words
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      Page 19 Advertisements Column 1
      50 19 Av CITY THAI SHARKSFIN RESTAURANT 47, Craig Road, Tanjong Pagar, Singapore *****5 FOR RESERVATIONS 223 1655 VALET PARKING AVAILABLE October— wh special or Shark with crab (served in clay pot) jfl L g_ Ent t,e< to on 'y 1 claypot per person enaS 3 ls* UC& For Lunch Dining-in Only
      50 words
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      Page 19 Advertisements Column 2
      198 19 There's No Recession In The Demand For Financial Professionals Eligibility Above 21 years old wih An internationally recognised professional qualification. May Be pursued on a M -time or part-time basis, Consists of 14 papers examined m 3 stages viz FoundaSon. Certficate and Professional. c^in^W^ Examinations are held in June and
      198 words
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      15 22 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO PAGE 26 FOR MORE NOTICES
      15 words
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      Page 22 Advertisements Column 2
      104 22 NOTICE IS HEREBY GIVEN that. I LEE KAH WENCi of 239, Rangoon Rd. *06-02, Singapore *****8, have applied for a Ist Class Public House Licence in respect of M/s Singpal KTV Lounge located at 34. Craig Rd #01-01, Chinatown Plaza. Singapore *****3, and that this application will be considered by
      104 words
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      Page 22 Advertisements Column 3
      108 22 NOTICE IS HEREBY GIVEN that, I YOICHI NAKAOKA of 2 River Valley Close *09-03 The Regalia. Singapore *****8, have applied for a Public House. Ist Class Licence in respect of M/s Ebara Food Singapore Pte Ltd located at 270 Orchard Road Crown Prince Hotel *01-05, Singapore *****7, and that this
      108 words
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      Page 22 Advertisements Column 4
      105 22 NOTICE IS HEREBY GIVEN that, I CHEAH SIN WI of Block 24 *06-3047 Eunos Crescent, Singapore *****4, have applied for a Public House, 2nd Class Licence in respect of M/s The London Deli located at 100 Beach Road. *01-42 Shaw Towers Singapore *****2, and that this application will be considered
      105 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      104 23 NOTICE IS HEREBY GIVEN that. I Goh Lee Meng of 33 Chu Yen Street Singapore *****5. have applied for a Beer House, Eirst Class Licence in respect of M/s The Leisure Pub located at 189 Selegie Road Selegie Centre #81-03 Singapore *****2, and that this application will he considered by
      104 words
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      Page 23 Advertisements Column 2
      104 23 NOTICE IS HEREBY (iIVEN that, I TAN PUAY K(X>N of Blk 304, Canberra Road, *14-55 Singapore *****4, have applied for a Retail Beer Shop Licence in respect of M/s Happy Point Mart located at Blk 837, Hougang Central. »01-527 Singapore *****7, and that this application will be considered by the
      104 words
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  • Page 25 Advertisements
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      28 25 "Hf* buy we iaeaU finance Hotline: 320 0168 M H Investment Cars -AngMoKio Tel 458 4222/4333 Coast 348 8262/8263 "jL til SINGAPURA s Ve,,el BUILDING SOCIETY LTD S
      28 words
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      Page 26 Advertisements Column 1
      1746 26 BUSINESS IXottccs To advertise call toll-free 1800-741 1883| NOTICE OF SPECIAL RESOLUTIONS DESH BUILDERS SINGAPORE PTE LTD (In Mombors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraofdmory General Meeting of the Company duly convened and deemed to be held on 15 October 1998, the following special resolutions were
      1,746 words
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      Page 26 Advertisements Column 2
      239 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And IN THE MATTER OF HALL GATES PTE LTD iWembrn Voluntary Wilding l» NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50 that a Final Meeting of the member* of the abovenamcd Company will be
      239 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      280 27 Bridge News Reuters TANKERS: Brokers said activity slowed down in most areas, with no new cargoes surfacing and relatively little being concluded privately. As such, rates generally remained idle. However, in West Africa, Suez max rates appear to have weakened. Mobil reportedly fixed the Celebes for an Oct
      Bridge News; Reuters  -  280 words
    • Article
      MARITIME STOCKS
      278 27 so 'oooi QUI* VCWT attribution 034 *0.02 TU ChuonHup a40 *0.02 766 Cosco Invostmant 0.45 *0.039 67 Froight Links an *0.005 3193 GBHoWmgs 0.335 *0.005 297 HoiSunMup 0.375 *0.02 K>87 Hitachi Zoson 0.545 *0.015 667 IMC Holdings —HK 5.60 JoyaHoWngs 0.515 *0J)4S 163 Shipyard _*J0 *0.10 333 Corp
      278 words
    • Article, Illustration
      Major lines feeling impact of Asia's trade imbalance
      527 27  -  Many reporting losses as they straggle to cope with effects of Asian crisis By. Marcus Hand [SINGAPORE] Some of the world's largest shipping lines are struggling to cope with the effects of the Asian crisis which has had a severe impact on
      527 words
    • Article, Illustration
      Lock icon Leviathan of the seas
      60 27 [LONDON] A drawing of the world's largest cruise ship, Royal Caribbean's Leviathan N, the 142,000-tonne Voyager of the Seas. Voyager of the Seas, which is being built in Finland, will be more than 30,000 tonnes larger than any other cruise ship. She will be the length
      AFP  -  60 words
    • Article
      Ensuring a better standard of spoken communication
      820 27  -  STRAIT TALK By\ Seafarer A FEW weeks ago a speaker at the International Shipping Federation's Manning and Training Conference told an ironic, and tragic story, about the importance of the English language to the aviation industry. Harland Goertz of US-based company Skytalk said
      820 words
    • Article
      S Korea to delay, scale down some port projects
      373 27  -  From P T Bangsberg in Manila A SQUEEZE on funds is forcing the South Korean government to go slow on port development projects, in some cases for severed years. Officials at the Ministry of Maritime Affairs and Fisheries said construction will
      373 words
    • Article
      Lock icon Mahathir to hold talks with M'sian port users on Oct 31
      244 27 Bernama [KUALA LUMPUR] Prime Minister Mahathir Mohamad will chair a dialogue with local port users on Oct 31 on the importance of using local ports, especially Port Klang, to help stimulate Malaysia's economic growth. Transport Minister Ling Liong Sik
      Bernama  -  244 words
    • Article
      New World Alliance to launch service on Nov 1
      195 27 [SINGAPORE] The New World Alliance yesterday said it plans to introduce a new weekly container service between Northern Europe and the Middle East from Nov L The alliance comprising APL, the container shipping arm of Neptune Orient Lines (NOL), Hyundai Merchant
      195 words
    • Article, Illustration
      Lock icon Buying spree sparks concern
      1096 28 US AIRLINES Buoyed by demand and high fares, airlines have ordered many new planes, raising fears of overcapacity NYT [SEATTLE] THE morning drizzle didn't dampen Gordon Bethune's excitement as Continental Airlines's chief executive strode across a Seattle airfield recently to two huge new airplanes freshly painted
      NYT  -  1,096 words
    • Article
      SHIPPING SCHEDULES INDEX
      388 28 PAGE Eng Lee 12 Mtrtime 12 ESP Lines 14 ANL 3 Evergreen 6 Accord 8 Express It 12 Ahrenfciel 12 foongSun 8 Appenstop 5 Fro,a '3 Astro 3 frt Links 14 Austral 8 GL«* Avant 14 Gemartrans 8 B'tang Mas 8 Genshgp 12 BSA 7 Glory Nav
      388 words
    • Article
      SHIPPING GUIDE
      17753 35 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser V»ss#l Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 02/n 09/11 BTL TIGER SPRING 344CNB 65 *****22 To ABIDJAN (ABJ) 2003 Cot* D'lvoire I 02/11 09/11 Samudera M REGINA RGA071
      17,753 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        866 41 Vessel Voy No Berth Arrival Departure MxtxaiH 2296 J alongside 15.IV0530 Batufccin 025 J16 »oryjvtt» 1611/0900 into# I I2/98T J03 atomjvd* 1S.lt/2300 ttMMSw *****8 JO! rion«SMl* 15 fl/1900 R ttustiU Oct 15 JOI jtonqsidf 1611/0300 R Sopti *****8 JOI Hone*. M 1611/0600 8unta MriorA n«0 J10 tooquto 18.11/0700
        866 words
      • Article
        CONTAINER SCHEDULES
        1911 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Ac i Clow 906 21/2359 U 20/1500 20/1*59 20/1900 W 20/1500 20/1*59 20/1900 2* 20/1700 21/0659 2V0900 21 20/1700 21/0*59 2V0900 3 2 VO700 2VH59 21/1400 Al«iwyi2 0287* 23/0700 1A
        1,911 words
      • Article
        GLOBAL HOLIDAYS
        195 41 Oct 23 Thailand: Chulalongkorn Day. Oct 26 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. Nov 2 Luxembourg: All Saints Day Holiday. Mexico:
        195 words
      • Article
        COCKETT BUNKER MARKET REPORT
        944 41 THIS report, complied by Cockett Marine Oil Ltd. •how* price ranges in US dollars instead of single prices for a more comprehensive description of the marketPrices shown are based on average-sued stem Market movements are indicated The Cockett Bun ker Price Index change and the individual
        944 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        553 41 Carbon 180 Mai 989.8 0.7 16.0 0.08 51 0.04 Oct IS Density ««tcr Residue Ash Aluminium Sediment No above E25 0 0 5 0 0 0 380 986 8 OJ 15.9 0.07 28 0.03 Eu« 380 Mai 996.0 0.7 19.8 0.12 154 O.tl is/m-3 v/y mm
        553 words
    • AIR & LAND TRANSPORT MEWS
      • Article, Illustration
        Lock icon HK cargo handler restricts freight alter power cut
        533 42 Cargo will only be accepted within 24 hoars of its scheduled departure Reuters [HONGKONG] Hongkong's main air cargo handler slapped restrictions on freight yesterday due to a power failure at its new US$l billion (551.62 billion) SuperTerminal 1 facility. It was the
        Reuters; REUTERS  -  533 words
      • Article, Illustration
        Lock icon Jaguar predicts 4-fold rise in sales by 2002
        414 42  -  BIRMINGHAM MOTOR SHOW From Christopher Tan in Birmingham FORD-OWNED Jaguar Car expects two new models to contribute to a four-fold increase in sales to over 200,000 units by the year 2002. The Coventry-based manufacturer of luxury cars unveiled the first at the
        REUTERS  -  414 words
      • Article
        Lock icon Gulfstream wins record US$ 1.3b order for 38 jets
        278 42 Bloomberg [LAS VEGAS] Gulfstream Aerospace Corp won a record US$l.3 billion (Ss2.l billion) order for as many as 38 corporate jets from Executive Jet Inc. adding about one-quarter to the planemaker's order backlog. The purchase is the latest in a series
        Bloomberg  -  278 words
      • Article
        Lock icon Cathay may pay HK$ lb for 40% stake in PAL
        587 42 HE airline will have to assume Philippine carrier's USs2.lb debt Bloomberg [HONGKONG] Cathay Pacific Airways may pay as little as HK$l billion ($209 million) for a 40 per cent stake in Philippine Airlines (PAL) if it assumes the ailing carrier's
        Bloomberg  -  587 words
      • Article
        Lock icon Lufthansa, SAS move to share express air freight services
        159 42 Bloomberg [FRANKFURT] Deutsche Lufthansa AG and Scandinavian Airlines System said they plan to use each other's express air freight services in a first step towards cooperation in all of their cargo services. Lufthansa said SAS customers can use its European network
        Bloomberg  -  159 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1834 42 CITY FU6HT OA FU6HT CTO $***** 1625 N***** 2359 Adelaide AN8230 1910 W MPS S02QQ6 2359 S0230 1910 FuMu S0989 1700 S0990 0115 Amsterdam N***** 0755 KL838 2300 GoanqrtouPtC C2351 2045 ***** 0755 Hanoi VN741 1310 VN742 0905 1455 SQI75 1840 S0176 1105 2320 mm wo
        1,834 words
      • Article, Illustration
        Lock icon Russia develops amphibian plane
        57 42 wSHEJJii? 1 mW Russu *n amphibian aircraft BE-200 takes off during a demonstration flight. The plane was ittThon-rS 2^ aganrog L res arch and technical complex on the basis of military amphibian aircraft BE4O (Albatros) and is to be produced in series by the Irkutsk aircraft
        REUTERS  -  57 words
      • Article
        Lock icon £250 m plan to expand UK's Stansted airport
        164 42 Reuters [LONDON] British airports operator BAA pic is expected to ask for detailed planning permission for a £250 million (***** million) expansion programme at Stansted airport, to the east of London, the Independent reported. The newspaper said the programme aimed at tackling
        Reuters  -  164 words
  • Page 27 Advertisements
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      24 27 US airlines Buying spree sparks concern Buoyed by demand and high fares, airlines have ordered many new planes, raising fears of overcapacity. Page 2
      24 words
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      Page 27 Advertisements Column 2
      110 27 HE cargo handler restricts freight after power cut Cargo will only be accepted within 24 hours of its scheduled departure. BaokPage 4 r dm r .-r- riif jiw—a ""m*» <SI fc j I 1 £A 5& V«9 r«^«¥*^~-£:r -I fw W Jo* 1 J?"™ r l//sa Freight Services Pte Ltd
      110 words
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      1162 28 I NORTH AMERICA 1 1 EXPORT 1 1 OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPBIBB DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) yBSB wi maw re aw la mi hoii ok nt mbxoott wssa vot ■sw i rr.ourm I acuutial n I wBMVBmm I saw lohmzo utm»auz
      1,162 words
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      Page 28 Advertisements Column 2
      690 28 services represented u. !f©l*) Members o> the Registry of fljgt Orders Accredited Shipping Agents Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTU (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 25/10/98 BOOKINGS CALL JUUA/MONICA TEL 323 4374 CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA KTAPKL
      690 words
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      1078 29 TO EUROPE FROM EUROPE vKsa vor sm rtm anr ham wv s«j fxt uh Ivissti voy Imm anr ha* wv sou fit uh sm TYNE S24W 23/10 08/11 10/11 13/11 14/11 HYADMMAL 31SE 03/10 30/09 01/10 21/09 22/10 DANUBE 541W 23/10 14/11 11/11 12/1110/11 HY WOMBS *****1/10 03/10 04/10 30/0*
      1,078 words
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      Page 29 Advertisements Column 2
      2037 29 I HANJIN SHIPPING HAHJIN SHIPfIMC (S) PTE LTD tap Itwm ho** com lOOKING 32*0735 237 SAUS 32*0224 231 IXXUNW 37*0771 774 OffUnOKS 37******57 MAW lIW *****55 FU 22?W*0 CI NO I) 534t*****H [TO NW USA CANADAI USA CANADA' FDR VSI/VOY MM SM UNE HAUL/VOY SET! TW» DM T~PM Oi MV
      2,037 words
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      Page 29 Advertisements Column 3
      570 29 sw pHT sin PUS I voy pjHpK6[vrea TOY I |BTSH HYUNOAI SPOINTfI OI4S 014S 23/10 30/10 01/11 03/11 04/11 1 ny/ll Qj/li IkSTC lllMwlll wll KMTCHONgONt MIS 25/10 27/10 WON 21/10 01/11 03/11 05/11 00/11 ItMTf Kflimc ills I M/ 11 I 10/11 01SS 113/jlj IS/jl IMTCPUSAN II4S 30/10 00/11
      570 words
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      1290 30 DSR-SENATOR LINES TOUK/CONTINKNT TORHJSEA/MEPrTCRRANEANCANADA J55& w m l» mt m mm m wuil I wmb. |wr on m to vie wh •WKWUNFMKtSCO MM »tl Mll *11 Hit Mil It.ll 1111 MIMMKHUTOR «WM "515 "oUT "51T "*iT ~5iT Tnt TMOimi* MM an IJ.II 14.11 Mil M.ll 11.11 DM MHU VMM ail
      1,290 words
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      Page 30 Advertisements Column 2
      984 30 IMAM MAC-NELS S'PORE M'SIA I Carrtar: MN COUTH lines, INC P. GUOANG: (07) *****26 I ["■ivy V** J CWMOHMOITIOOWI SIBU: (084) *****9 MANILA: (832) *****24 PEHANO: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHINQ (082) *****1-3 GENOA MV CONTSHIP
      984 words
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      Page 30 Advertisements Column 3
      618 30 |».IJESSELTON LINE 1 3SS t Jt TIL: 3X3456 PAXi ISMIH MUARA j LABUAN vKsa vbr no ita vissa vor no n* SPOM MUAAA votf UN STRAITS HOPE WW/00 23/10 77/10 STUITSHOPE VJOI/00 73/10 */>• CA«AKA*B-«VISt/90 25/10 20/10 CAIAKAJW-32 VISI/00 7S/10 70/10 STIA/TSMOPT V3OE/90 04/11 07/11 STRAITS HOP! VW/00 04/11 01/11
      618 words
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      1559 31 [VESSEL VOY I SIN SIP I PKG PEN PQB DUB 3HJ BA BIK IRAN BABAEI PJL 1316 02/11 30/10 12/11 13/11 IRAN MATIN PJL 1319 15/11 24/11 20/11 IRAN HESABI PJL 1320 27/11 24/11 07/12 09/12 IRAN BAKERI PJL 1321 03/12 12/12 13/12 PQB= Mina Qaboos OUB Dubai. SHJ Sharjah.
      1,559 words
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      Page 31 Advertisements Column 2
      2044 31 IRJVSVSWSVSV DIRECT TO ISRAEL 1 MMlilllWißiJ IN 13 DAYS I EVERY THURSDAY I I, HIMGAPORTS GENERAL AGENTS: 6 SHENTON WAY TEL M 6 1900 T^*****(M^oSj^S^7/^^!2!m2^lS!!o!rSl!lar^ m I COSTIR SHIPPING PTE LTD #17-08DBSBLDG SALES/BKGS 420SSS7/M INWARD OEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD |CR NO: **********0* TOWER TWO (*****9) CONVENTIONAL
      2,044 words
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      Page 31 Advertisements Column 3
      677 31 V-ST-, EASTERN CAR UNER, LTD. f_Ej ECL (SINGAPORE) PTE LTD U I SPECIALIZE IN RORO HEAVY UfT UPTO 450 TONS 1 ECL (SINGAPORE) PTE LTD LOADNG FOR PORT KLANG/PENANG/KUCHING/BINTULU LAEM CHABANG/XINGANG MV "ORIENT IRIS" V.23 MV "KEISHUN" V.79A ETA SiN 17/10/98 ETA PKL 19/10/98 ETA SIN 20/10/98 ETA LCB 23/10/98
      677 words
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      1395 32 I EUROPEAJK/SCAWDtWAVIA/FINLAND/RUSSIA 'I r »crr., |J GP ""•< HSG THP ZEE LHV LHV THP ROM ANW HBC PKL SGP I I*ESX" 25/10 13/11 11/11 14/11 11/11 17/11 11/11 E. ROYAL RE 039 24/09 26/09 2SAI9 78/09 29/09 Z2/10 23/10 I r 01/11 13/11 25/11 21/11 23/11 24/11 25/11 E RACER
      1,395 words
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      Page 32 Advertisements Column 2
      929 32 If SSSOM PACIFIC INTERNATIONAL UNES (PTE) LTD I M 140 Cecil street, #03-00 PIL Building, Singapore *****0. CR NO: **********0E IU»21 muu STD n m mm Hf rm "HT" lUHCA TERATAI 3 393 21/10 2/11 4/11 U/11 14/11 U»M *UST»*UA 403 ,24/10 «'/i1 I j4jf Kourwttiu rmoi7 27/10 m/io tTTo
      929 words
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      Page 32 Advertisements Column 3
      561 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel voy sin piu pun jw» err |tq NANTAI QUEEN VO3OS 23/10 01/1) 05/11 dt/11 Of/11 12/1) nantaimagon tows 27/10 os/11 w/11 liTrriaTn naniaipwnq vrcss 03/11 u/ii 19/11 20/11 NANTAI VENUS VO3OS 11/11 20/11 24/11 27/11 21/11 01/12 GOLDEN MAGON VOQgS
      561 words
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      476 33 mm. MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) VtSSII VOY SIN PKI PEN PGU MAWLAMYINE SOW $10 PtNYA |$7 SID KUUYSIA AGENTS: BOUSTEAO SHIPPING AGENCIES KUI; TIL (03)*****00 PKI: HI (03) *****01 PEN; TEI (04)*****02 PGU: TEL (07)*****21/4 BANK LINE (A servic* ol Andrew W«ir
      476 words
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      Page 33 Advertisements Column 2
      1626 33 HMNE= HYUNDAI MERCHANT MARINE CO., LTD. Ivissa VOY SIN SOU lUM lITIW I AHT I HAJN I MtV IFH IVESSfI VOY I SOU 1 184 I RTNA AWT 1 HAM ITV I FS I kt I DANUtE 541W 22/10 09/11 21/11 11/11 12/11 NY AOtMRAI 3151 21/09 03/10 30/09 01/10
      1,626 words
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      Page 33 Advertisements Column 3
      1049 33 norwegon specofeed autocomen TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SERVICE" IVfSSiI VOY RAMP HEIGHT SlfJ I LAX CRL MIA SAV ML ORF NYC NEW MOB TOBA FB2l 400 T«is 6.3 M N7HT 25/11 W>2 *****" 09/12 11/12 12/12 13/12 ISJVT 19/12 TARONGA F822 400 Tom 6.3 M 11/11 10/12
      1,049 words
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      Page 34 Advertisements Column 1
      938 34 BANGKOK/MAP TA PHUT/LAEM CHABANG| JAKARTA/PANJANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 255N 20/10 24/10 23/10 ACX RUBY« 33S In Pt 22/10 CHANABHUM" 40N 20/10 23/10 VIRA BHUM 233S In PI 23/10 22/10 NANTABHUM" 416N 21/10 24/10 2S/10 ANRO OOWA* OSS 20/10 24/10 KOTA
      938 words
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      Page 34 Advertisements Column 2
      591 34 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE ~~vsl vor |rwßf I a damu dam m iubg ipiemc* Antwerp VfSSfl ?»/12 »/1? omit 05/»1 TO AUSTRALIA FULL CONTAINER SERVICE vs. vor Ipk" 5H hk ix" gm ib hh mhlfk PtONEDUOYDBHISSMC 12S ?ZlO 2410 0111 OHI «fll 12/11 IMI austrauia timwfasf
      591 words
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      Page 34 Advertisements Column 3
      991 34 VESSELS [VOY SIN PKL MLA OOA LEH RTM HAM ZEE SOT VM-LE O 1 AQUARIUS U2BW 27/10 08/11 IS/11 17/11 iam ZVII 21/11 VKXE PE ANTABES L2BW 00/11 18/11 22/11 24/11 2&"11 27/11 2VII WLLEOtVWOO S3BH 10/11 23/11 2&M 01/12 02/12 04/12 0&12 VILLEDEVELA N2BW IS/11 30/11 02/12 07/12 OtVl2
      991 words
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      Page 34 Advertisements Column 4
      23 34 CONVENTIONAL SERVICE LOADING FOR BOMBAY/DUBAI Accepting heavy lift Upto 60 tons ETA 26.10.98 FCL/LCL WEEKLY SAIUNO TO BANGKOK/HO CHI MMH/HONG KARACHI JAP AN/DURBAHfIKADftAS/BBY/COIOMBO
      23 words
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      Page 35 Advertisements Column 1
      44 35 —Jam (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 227S Key in your fax number your phone number Another innovative service offered by m The document will be SHIPPING TIMES 3fclaa2JS£„ I
      44 words
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      Page 37 Advertisements Column 1
      136 37 mmammm 1 FREE Rpddpr Enquiry Sptvicp g>< cut out and Fax to: 65******29 Need HELP or INFORMATION on the following? (please tick relevant boxes) i 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
      136 words
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      Page 38 Advertisements Column 1
      975 38 -if 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 BOOKINGS CALL. DIRECT LINE: *****41/43 JESSICfI/CEU*/MEI CHAM 7 SLGS/WEEK [JJSSESES 2 SLG/WEEK [VESSEL VOY I SIN JAK [VESSEL [VOY j SIN IRtB ACX CLOVER 906
      975 words
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      Page 38 Advertisements Column 2
      725 38 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER VESSEL VOYAGE ETA SINGAPORE ETA COiOMIO ETA KARACHI SWAT OOIHW 22/10/91 ?//io/w 01/11/9B SHAUMAE 002HW OS/11 /w 10/11/* 15/11/90 SWAT 007HW 12/11/90 17/11 m 22/11/91 SHAIAMAH 003HW 2t/11/W 01/12/90 04/12/W swat 003HW oy 12/91
      725 words
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      Page 38 Advertisements Column 3
      524 38 SIN 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 23/1 C TOKYO/YOKO/KOBE/NGO/OSA 23/10 HONG KONG SIN CHINA 23/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU M EURQPE/UK 25/10 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA T 25/10 LOS ANGELES/NEW YORK all
      524 words
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      Page 38 Advertisements Column 4
      586 38 rrrg Singapore Soviet Shipping (PL CIKc IOCSOMOOOON Multiline Shipping Pi W33J l*WyO«WS«k*ry> atfawsmoooK VESSEL VOY SIN BOM PNG PKL BUXMOON 119N 25/10 02/11 13/11 14/11 KOTA RUKUN RKNOI7 31/10 08/11 I®/11 20/11 KOTA RATU RTUO2S 07/11 14/11 2S/11 28/11 VESSa VOY SIN CALCUTTA SM SINARMALAKA 022 122 23/10| 28/10 07/11
      586 words
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      Page 39 Advertisements Column 1
      923 39 MIC TRANSPORT m STRAITS SHUTTLE SERVICI |[vcsa vot I tusfOK kmc Isfow Ivpsti voy rasw»i pgp «imnm Ivissa voy J5522* 1 A'A 5?/-' 0 05 J7 l* o w* 4 IS/10 (SMI 36/10 MCCVWfTAGi (063 19/10 (MOM) H/10 ZESt 22 24! ES2i mi w/n 03/n imssut* «o*i ?i/ioiwh» h/i« 2B»
      923 words
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      Page 39 Advertisements Column 2
      1752 39 BBSS^^WgfgTHSfSBSWBiO^— »pt> >■ 1 I Mm! q 1 m M 111 i i I ■TMnniTTTT^^^M I'J ISSig ,mßT—Suf 1 gii I SB, I ig, I -ffij—l im"* I >'"" I"W I W*"* 1 S»WM|">to] NYK ANDROMEDA 06WA43 21.10 14.11 14.11 17.11 21.11 POMI ROTTERDAM OJU39 26.09 28.09 29.09 03.10 2110
      1,752 words
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      Page 40 Advertisements Column 1
      858 40 I" VESSEL TIGER PEARL 656N 25-2&10 09 10/11 I TIGER ISLAND 655N 30-31/10 04-1(V11 15-16/11 I TIGER BRIDGE 657N 02 03/11 08-14/11 19-20/11 I TIGER BAY 6SBN 04 05/11 09 13/11 18-19/11 I TIGER PEARL 659N 09 10/11 14 19/11 24-25/11 I TIGER ISLAND 660N 15 16/11 20 26*11 02
      858 words
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      Page 40 Advertisements Column 2
      834 40 ["5% FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg EASTERN EUROPE SCANDINAVIA ITALY/MEDITERRANEAN GREECE/EGYPT UNITED KINGDOM Rotterdam Gothenburg Genoa Piroeus Southampton Hamburg Arhus Valencia Alexandria London Le Havre Copenhagen Barcelona Malta Felixstowe Antwerp Oslo La Spezia Helsenki CANADA AUSTRALIA INDIA MIDDLE EAST JAPAN MAURITIUS Vancouver Adelaide Karachi
      834 words
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      Page 40 Advertisements Column 3
      1270 40 OOCL (Singapore) Pte LtJ^CFS^eppe^isirpi^ 79 Am«i Rood #21-04 (S) *****6 Mk 513 *01-128 CR MO **********0H Ttfc 272 7827 For bookmg fID, Tel: *****13 Fox 221 3942 Fox: 272 7825 /WVvNft/ Orient Overseas Container line B P") r i;(R] (Ma'oysw) Sdn Bhd (Reg No: *****2-U) ra f W S PfTALING
      1,270 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      132 41 ISS w, M VJHZ3— LEGEND: R Thunderstorm Temperature «> c X\ y Shower Weather Wm<l direction with speed m knots Rom V^/ Cloudy Sky Wov height Surface Winds ore mdicoted by arrows which Hy with the wind One hJ circle represents calm or light and vanoble wmds One half tleche
      132 words
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      Page 42 Advertisements Column 1
      96 42 Cathay PAaFic^^^^WWpiWl|M||lM||pM|^M^aW Swirt Group Oct to JON«v 1991, we're celebratingrbe opesingof our Super Hub at Hong koag't new imer&atioaa} airport,wttba'wfeuMMtMt* on «U wu flight* LukW w Hoog Kong That mean. (We are over 1,000 tkkcu to b« won. And by flying urrwW with CaAay Paofic, 70* co«U win 1 of
      96 words