The Business Times, 5 November 1998

Microfilm: NL21355
Total Pages: 50
1 50 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    13 1 MITA(P) 110/12/97 IS THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, NOVEMBER 5, 1998
    13 words
  • Article
    MARKET SUMMARY
    62 1 □m I«MLOS (+87.58) U GM.72 (+18.17) 80DCIFUTDBES 18BJ0 (+4.54) STOOL ■ASXETHD1CES Wednesday Change KLSE COUP 481.70 +9.79 NIKKEI 14,627.81 +676.06 HANO SENG 1O.60&26 +149.73 SET INDEX 364.11 +19.96 JAKARTA OOMP _JJM« +1318 MANILA COM P 1,714.09 -87.66 TAIPEI WPI 6.906J2 1S6.12 SEOUL COMP 413.47 +6^3 CL8A CHINA B
    62 words
  • Article
    FINANCE
    78 1 FMEZ BATES uss s$ USS 1.822 £(USS/Sf per 1.654 1682 DM 1.661 9.977 YEN 116.6 UN Ml 18M 0.427 HKS 7.744 0509 BAHT MM 0 044 MJPIAH 8,476 U1I •st to 190 units ranoB BATES SINGAPORE* 7.48 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.75 MANILA .22.90 HONGKONG 1025 TAIPEI
    78 words
  • Article, Illustration
    SES and Simex to merge, allow wider access
    1125 1  -  Move part of plan to change governance structure of S'pore's exchanges By R Sivanithy [SINGAPORE] In the most radical reform yet of Singapore's financial markets, the government yesterday announced that the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange
    1,125 words
  • Article
    Financial market players welcome merger plan
    443 1  -  Bnt period of intense revamp seen as competition hots np By Wong Wei Kong [SINGAPORE] Financial market participants yesterday heaped praises on the plans for the merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (Simex) and the opening
    443 words
  • Article
    S'pore stakes its future on free and open markets
    593 1  -  Separating ownership and management of an exchange is a critical step, says Catherine Ong Catherine Ong THERE has not been a more enlightening speech by a Singapore financial regulator than the one made last night by Deputy Prime Minister Lee Hsien
    593 words
  • Article
    Funds-led rally pushes STI above key 1,300 level
    485 1  -  By' Ven Sreenivasan [SINGAPORE] Singapore stocks went Into late overdrive yesterday, ftielled by a wave of institutional buying in the final trading hour. The late surge took most market players by surprise and propelled the Straits Times Index to close above the
    485 words
  • Article
    Lock icon Dow up 125 points at noon EST
    47 1 Bloomberg [NEW YORK] US stocks yesterday rose for the fifth time in six days, buoyed by a rally in Asian markets and optimism about US political stability. By 12 noon EST, the Dow Industrial was up 125.39 points at 8,831.54.
    Bloomberg  -  47 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      148 1 DtSPB Hitikn There are no takers for Tuan Sing's prime site in Leedon Park which it is willing to sell at $220 psf, some 60% lower than what it paid, Ft 4 llMtfrFtftDug The Malaysian Cabinet yesterday agreed to implement several proposals, including the setting up erf" a national feeder
      148 words
    • Advertisement
      Page 1 Advertisements Column 2
      29 1 Mora reports, Pgs 2 ft 3 Full text of BG Lee's speech New company to take over shares of SES, Simex &SESjS Anniversary special Free with your BT today
      29 words
    • Advertisement
      Page 1 Advertisements Column 3
      75 1 HK outs initial margin for Hang Seng futures, Pg 19 Nikkei surges on Biggs comment, 7 Market reports, Pg 24-28 T&ofeafa/ GENEVE a£r/z///j r^nppi^^^H^ 7 The new I.U.C 4eir to a proud watchmaking tradition SINGAPORE: Chopard Boutique, 02-36, Wisma 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Centrepoint,
      75 words
Page thumbnail Page 2
  • FOCUS
    • Article, Illustration
      Lock icon SES must take bold innovative steps
      3983 2 BG Lee tells of global trends and outlines the changes which the SES and Simex have to introduce to break through to a higher growth trajectory The followhiy is the speech gireti by DPM Lee listen Loony at the Stock Exchange of Singapore's 25th
      SIEW YAW HOONG  -  3,983 words
    • Article, Illustration
      Lock icon New company to take over SES, Simex shares next year
      561 3  -  New entity, with $600 m in assets, to be listed within 5 yrs By^ Conrad Raj A NEW holding company, to be publicly listed within five years, will take over the shares of the Stock Exchange of Singapore (SES) and
      FILE PHOTO  -  561 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      38 2 Singapore China Hong Kong BVI Bahamas Mauritius Seychelles Singapore Offshore Shelf Companies International Tax Advice 750 companies (eg. BVI, Bahamas, Corporate Services Mauritius, Cayman etc.) Formation of Singapore Consultancy on offshore Companies structures Full secretarial, nominees admin, support
      38 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      867 3 C.K.TAMG C. K. TANG LIMITED (Incorporated in the Republic of Singapore) NOTICE TO WARRANTHOLDERS THE RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (THE "RIGHTS ISSUE") OF A MINIMUM OF 43.786,000 (BASED ON UNDERTAKINGS GIVEN BY CERTAIN SUBSTANTIAL SHAREHOLDERS) AND A MAXIMUM OF 107.447.600 NEW ORDINARY SHARES OF $0.20 EACH (THE "RIGHTS SHARES") IN
      867 words
    • Advertisement
      Page 3 Advertisements Column 2
      80 3 jS Tank Frangaise watch n^^flHHj^^Mi 18 carat gold. I jKrEfrsr-rrr*. x o Available at: <l> Cortina Watch Centre SINGAPORE Cortina Watcti Centre Pte Ltd Rattles City #01 36 Tel 339 9185 Fax *****66 Lucky Plaza #01 32 Tel *****68 Fa* *****73 Miilenia Waik «01 63 64 Tel *****28 Fa» *****58
      80 words
Page thumbnail Page 4
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon UE/Enron enters fray for control of Tuas Power
      550 4  -  Third keeps almost everyone gnessing till last minute By Ronnie Lim A THIRD challenger, comprising United Engineers Ltd and US-based Enron Corporation, emerged from the shadows yesterday to compete for control of the $3 billion Tuas Power (TP) that will build Singapore's
      CHRIS LOH  -  550 words
    • Article
      Demand for JTC units continues to dip in Q3
      254 4  -  liy David Boey DEMAND for Jurong Town Corporation's industrial facilities continued to slide in the third quarter, hit by weak business sentiment. A JTC report released yesterday noted that negative net allocations were recorded in both the flatted and standard factory
      254 words
    • Article, Illustration
      Lock icon More women in higher-end jobs
      344 4  -  E7E ON THE ECONOMY Labour Byl Corinne Kerk ONE in five working women here earned at least $3,000 a month last year, up from just 5 per cent (or one in 20) in 1990, a Department of Statistics report released yesterday shows.ln comparison, one-third of
      Source: Dept of Statistics  -  344 words
    • Article
      OCBC, OUB cut prime to 6.5%
      224 4  -  All eyes now on POSB&nk and Credit POSB By\ Siow Li Sen OCBC Bank and Overseas Union Bank yesterday slashed their prime lending rates to 6.5 per cent from 7 per cent, as interbank rates plunged to a 1992 low. With the latest rate
      224 words
    • Article
      PM Goh to visit KL today
      106 4 PRIME Minister Goh Chok Tong will make a one-day visit to Kuala Lumpur today at the invitation of his Malaysian counterpart, Mahathir Mohamad. A statement from the Prime Minister's Office yesterday said the purpose of the meeting was to y"resume discussions on outstanding matters"
      106 words
    • Article
      Johns Hopkins invests over $200m to build S'pore medical facility
      347 4  -  By\ Marissa Chew TOP American medical institution Johns Hopkins will invest over $200 million in a medical facility in Singapore, its first outside the US. The facility, Johns Hopkins Singapore Pte Ltd (JH6), will work with local institutions in research
      347 words
    • Article
      Prefer wage cut to weak S$
      183 4  -  LEnER TO THE EDITOR Johnny Yong Singapore via Internet I AGREE with our prime minister that the cut in labour cost is a much better choice than having a weaker Singapore dollar. There seems to be a general consensus among economists that Singapore should
      183 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      19 4 Hie Most Exclusive Showcase of Indonesian Prime Products W ft 4-8 November 7M. Harbour Pavilion World Trade Centre Singapore
      19 words
    • Advertisement
      Page 4 Advertisements Column 2
      170 4 Call of South Africa. At L.e Met idien uiiln the (all South Africa mid embark on a (iiltnar\ safari, firesenled />} n fond ambassadm of the dark i nullm nl. I his lill/e-e\fdt>it d ■nis/ne, ii si ft nits <if the Xfmaii soil hk* linttei mil fmmfikin, < afx (jiuimami
      170 words
    • Advertisement
      Page 4 Advertisements Column 3
      8 4 Rate plunge benefits big companies most, Pg 19
      8 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      90 5 rage o SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. WILL V The Moon Phase power <§> Cortina Watch C entre EXCLUSIVELY AVAILABLE AT: SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel: *****85 Lucky Plaza #01-32 Tel: *****68 Millenia Walk #01-63/64 Tel: *****28 Paragon #01-13 Tel:
      90 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      135 6 As Ml grows bigger, our roaming services seem to make the world smaller. With 90 networks, 66 countries and every major city worldwide covered, the sun never sets on Ml. B Everywhere un„er the sun. HM Mn ra u? Gu L rnSe Ho *>"t Hungary '"d.a Indonesia Ireland l,al, Japan
      135 words
Page thumbnail Page 7
  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon China FDI seen falling this year but no big slide
      321 7 Inflow to reach US$35-s4ob in '98, analysts say Reuters [BEIJING] China's foreign direct investment (FDI) is likely to fall this year as the Asian financial crisis hurts its main investors, but Beijing's bid to diversify inflows has helped avert a
      Reuters  -  321 words
    • Article
      Lock icon Failed trust firms: China lists order of debt repayment
      373 7 High priority for legal loans from abroad: central bank Bridge News, Bloomberg [BEIJING] China's central bank governor Dai Xianglong recently told visitors that China will give relatively high priority to the repayment of legal overseas loans extended by failed internaand investment
      Bridge News,; Bloomberg  -  373 words
    • Article, Illustration
      Lock icon Nikkei surges on Biggs comment
      710 7  -  4% jump also reflects growing hopes for massive fiscal stimulus package From. Anthony Rowley in Tokyo TOKYO stock prices surged yesterday to their highest level in more than two months in the wake of equity market guru Barton Biggs' assertion that the Japanese market "is
      Source: Bloomberg  -  710 words
    • Article
      Lock icon HKMA denies probing UK banks over market crash
      138 7 APX-Asia Reuters [HONGKONG! The Hong Kong Monetary Authority said a newspaper report, that it is investigating whether the activities of Londonbased investment banks caused a collapse in local stocks in August, is not true. The Daily Telegraph said HKMA representatives had visited
      APX-Asia; Reuters  -  138 words
    • Article
      Lock icon Indonesia likely to get IMF's US$1b next week: minister
      312 8 Disbursement delay said to be purely administrative AFP [JAKARTA] A delay in the disbursement of US$l billion (Ssl.6 billion) in International Monetary Fund bailout funds to Indonesia is purely administrative, and the IMF is likely to disburse the money next week,
      AFP  -  312 words
    • Article
      Lock icon Indon foreign investment approvals plunge 50%
      160 8 AFP [JAKARTA] Indonesia approved US$l2.7 billion (5520.6 billion) worth of foreign investment projects in the first 10 months of 1998, a plunge of almost 50 per cent from the same period last year, a minister said yesterday. Information Minister Junus Yosfiah, speaking after a
      AFP  -  160 words
    • Article, Illustration
      Lock icon China expected to include euro in currency basket
      731 8  -  But analysts say move must wait till new anit has been launched and traded From Quak Hiang Whai in Hongkong FOR an exporting powerhouse with about 15 per cent of its trade coming from Europe, it is likely that China will include
      FILE PHOTO  -  731 words
    • Article
      Lock icon Korean economy seen picking up in '99
      180 8 Bloomberg [SEOUL] South Korea's econ)my will pick up in the first lalf of next year as banks begin to lend more money and the government completes the most pressing economic reforms, central bank governor Chon Choi Hwan said. "Deceleration (of the economy) will
      Bloomberg  -  180 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      41 7 w "These days 1^99 NOBODY'S JOB IS SllfC. ipi, KEEPING UP WITH THE latest ncivs Jt j MAY JUST GIVE ME THE edge i NEED. Manager Alan Tan jlf- v I if;: fl* i y* 7 M 11®'' 0 J i
      41 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      281 8 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius •Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      281 words
Page thumbnail Page 9
  • SOUTH-EAST ASIA
    • Article
      Lock icon KL police tell of secret way to sway witnesses
      658 9 ANWAR'S TRIAL Special Branch head also says Anwar asked him to convince two to retract allegations Reuters, AFP [KUALA LUMPUR] Malaysia's top police intelligence officer, at Anwar's trial yesterday, described a secret technique to get witnesses to change their stands. Police
      Reuters,; AFP  -  658 words
    • Article
      Lock icon Int'l lawyers' group expresses concern
      243 9 KUALA LUMPUR AFP THE Malaysian government's consistent and direct interference has damaged the right of ousted deputy premier Anwar Ibrahim to a fair trial, a London-based group of international lawyers said yesterday. The commission on human rights of Justice International said it had been invited
      AFP  -  243 words
    • Article
      Lock icon Jakarta to table 'good offer' at Apec
      289 9 JAKARTA Proposal linked to 'fast track' industries: report Bernama INDONESIA plans to propose a significant offer on the liberalisation of nine "fast track" industries at the meeting of the Asia-Pacific Economic Cooperation (Apec) forum later this month, the English-language Jakarta Post reported yesterday.
      Bernama  -  289 words
    • Article, Illustration
      Lock icon Military's May meeting did not involve subversive acts: Wiranto
      293 9 JAKARTA AFP INDONESIA'S armed forces chief yesterday rejected a suggestion by a team probing the May riots that a military meeting held at the time pointed to military involvement in the violence. "It was a regular meeting the meeting did not
      AFP; FILE PHOTO  -  293 words
    • Article
      Lock icon Reports of ninja violence near Jakarta
      154 9 JAKARTA AFP VILLAGERS fearful of 'ninja' assassins lynched a man in a township near Jakarta a day after black-clad, masked men attacked two local Muslim leaders, press reports said yesterday. The incidents reinforced fears that almost 200 mysterious killings in East Java province, many
      AFP  -  154 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      83 9 v k ,*m When you enter your locai HongkongBank you access the resources and expertise of the HSBC Group, an international network of 5.500 HonakoneBank M offices m 81 countries and territories and over 130 years' experience in Asia Reassuring things to know Because it is only when you have
      83 words
Page thumbnail Page 10
  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China forex curbs delay payments to foreign firms
      409 10 SHANGHAI Bankers unnerved by courts'orders to freeze payment on letters of credit FT CHINA'S efforts to tighten controls over foreign exchange have started to delay payments to foreign companies selling goods into the country and disrupt the trade finance business of international
      FT  -  409 words
    • Article
      Lock icon Tung's Oct policy address voted down
      158 10 HONGKONG AFP HONGKONG'S Chief Executive Tung Chee-hwa, under fire over his handling of the slumping economy, was dealt a further blow yesterday when legislators voted down a key motion in support of his October policy address. It is only the second time in the
      AFP  -  158 words
    • Article
      Lock icon Taiwan banks told to take over ailing finance firm
      456 10 TAIPEI Govt moves in after Central Bill Finance foils to hononr NTs7oom in cheques AFP TAIWAN'S government yesterday ordered three local banks to take over an ailing finance firm, as fears of financial troubles at local companies caused share prices to
      AFP  -  456 words
    • Article
      Lock icon Two top Chinese graft-busters sacked
      107 10 BEIJING AFP CHINA'S Parliament approved yesterday a decision to sack two of the country's top graft-busters, official media reported. Luo Ji and Huang Lizhi were removed from their posts in the Anti-Corruption Bureau of the state prosecutor, the Supreme People's Procuratorate, Xinhua news agency said.
      AFP  -  107 words
    • Article
      Lock icon China faces uphill task enforcing backlog of court orders
      270 10 BEIJING AFP IGNORANCE about the rule of law and a lack of transparency in corporate affairs have hampered the work of Chinese courts trying to deal with a backlog of unenforced court orders, a top Chinese court official said yesterday. "Some
      AFP  -  270 words
    • Article, Illustration
      China bears may be in for more disappointment
      753 10  -  CHIXA WATCH They've missed some vital positive developments By Lu Ning IN its editorial last week, The Economist magazine asked rhetorically whether China's economy will be the next to fall and came up with a "Yes". It was not clear what made
      753 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      242 10 No Other Airline Unites The States Better From Singapore. ft 111 I j. 11l I k k M *H»'l ■>« -1H- ■»< |H *.w. M from Coast II /Mpir' •■.■jHipjjP I *.'v*r Ca^ar y Seattle *««*.v.v.;;y; Minneapolis/ Toronto st /w /if«v JCon ■jSncnmrnto Sab Lake City Des Moines V San
      242 words
Page thumbnail Page 11
  • ASIA
    • Article
      Lock icon Hopes for Aussie interest rate cut still high
      407 11 SYDNEY Analysts keep eye on Nov 17 Fed meeting for a cue on timing AFP, Bloomberg AUSTRALIA'S central bank failed to deliver a much-antic-ipated official interest rate cut yesterday, retaining its target cash rate at 5.00 per cent, but expectations are still
      AFP,; Bloomberg  -  407 words
    • Article
      Lock icon Japan postal savings rise 0.5% to 248t yen
      190 11 TOKYO World's largest reservoir of deposits up in Oct for 4th straight month Bloomberg [TOKYO] The amount of money held in Japanese postal savings accounts, the world's largest reservoir of deposits, rose 0.5 per cent in October from September to 248.3 trillion
      Bloomberg  -  190 words
    • Article
      Lock icon LTCB of Japan begins life as nationalised bank
      165 11 TOKYO AFP LONG-TERM Credit Bank of Japan yesterday embarked on a new life as a nationalised bank headed by a central bank executive, government officials said. Japan's safety net Deposit Insurance Corp said it appointed Takashi Anzai, executive director from the Bank
      AFP  -  165 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      111 11 Buy It Sell It Find It Classified. Call Today For Results Tomorrow. 1800-*****66 nc for one year, and receive copies (rf once vchj mcfce niv payment. ?"J "Currencies in Crisis" (check one) Wst n^ THE ASIAN MLL STREET JOURNAL Name Title Company vw.w, jSSg DrihvnrMhvw Can! No. Expiry Date Signature
      111 words
Page thumbnail Page 12
  • THE WORLD
    • Article, Illustration
      Lock icon Republicans fail in referendum bid
      742 12  -  US MID-TERM ELECTIONS Democrats hold their own in Senate, gain 5 seats in House; leading Clinton critics voted ont Reports from Leon Hadar in Washington THERE was a sense of jubilation in the White House on Tuesday night when the first results of the mid
      REUTERS  -  742 words
    • Article
      Republicans' strategy may now turn against them
      305 12 BY "nationalising" the midterm elections and turning it into a referendum on impeachment, the Republicans may have ended up setting for themselves a deadly political trap. The Republican strategy on the issue was quite clear: get Congress to approve a House impeachment investigation
      305 words
    • Article
      European Central Bank frowns on rate cut calls
      481 12  -  Dnisenberg says he will ignore politicians' pleas From Shada Islam in Brussels THE European Central Bank (ECB) is standing firm against political pressure from Europe's left-leaning governments to cut interest rates in the future euro bloc, the group of 11 EU nations
      481 words
    • Article
      Lock icon US trade gap may hit US$240b on falling exports to Asia
      307 12 WASHINGTON Bloomberg THE US trade deficit could swell to as much as US$24O billion (*****.8 billion) this year, shattering a decade-old record, as the nation's exports to Asia slide, US Trade Representative Charlene Barshefsky said. Ms Barshefsky said the
      Bloomberg  -  307 words
    • Article
      Lock icon A bid to get Apple to drop claims?
      252 12 THE MICROSOFT CASE Bloomberg [WASHINGTON] Microsoft Corp attorneys were to argue yesterday that the software giant's 1997 negotiations with Apple were intended to blunt the computer maker's demand for a US$l.2 billion (SSI-9 billion) settlement to patent infringement claims. Letters from Apple
      Bloomberg  -  252 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      208 12 KSi f f Mj '-jpU Freedom to move. Freedom of choice. Freedom to expand, to rearrange, to do ltt~ j smart features like horizontal wire tracks so you can move shelves and cabinets jj", anywhere you want. And it comes with a very smart price. Call Diethelm, the srleaders in
      208 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      277 13 IjPPf^' JH Br JB? Mr ■Bpr Jn| Mr s v-jt-i $y i3^BßH^BMßffiß^^^^^BßHMß!^^^H^M^^S^^n^^M^^^gMffiil^^^lr!ilHBiME^^^^Bßlßßiß -l* ,v.' *1$ '*ij&*\ |^y^^aE4^K>-^gyY-;;' < V J v- ''S.^: >' N n A r v c **< J; << --^^jf&g*•^^^•#ja7^^^^y-^ '< lss* %ss■ r ,i' i'""S I #K *'3| H M J V'' 'I "..'.-J;. V "^^V^J
      277 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      5161 14 n addition to the waiver to be sought from the SEHK for the SMMT Transactions as mentioned above I too *77 I 111 nJMu Hfl —i i a resolution relating to the continuation of the SMMT Transactions would also be put forward in the Z"n 7f > f 4 lal/l
      5,161 words
Page thumbnail Page 15
  • EDITORIAL & OPINION
    • Article, Illustration
      Asia needs solutions, not more talkfests
      575 15  -  THE BOTTOMLXVB OPINION By Sree Kumar The writer is a development economist and partner in a consulting firm THERE are solutions for everything, so we are told As for the financial crisis in the region, former Philippine president Fidel Ramos argues that there is
      575 words
    • Article
      IN OTHER WORDS
      234 15 This election should sober every Republican in terms of trying to understand what happened not just in the House but in the Senate races and the governorships and state legislature. We've got to look at what the voters said.' Newt Gingrich US House Speaker to CBS television
      234 words
    • Article
      Apec in for heavy weather
      637 15 EDITORIAL IT looks as if the coming Apec meeting will see a major test of some of its founding precepts, in particular a low-tar-iff trading environment and free flows of capital across borders. Two pivotal nations seem determined to have their way, whatever the cost
      637 words
    • Article, Illustration
      Lock icon Frankenfood's creators out to corner market
      952 15  -  Biotech firms try to convince consumers that gene-altered food is good for them, bat is it really so? By\ Salil Sarkar The writer is a Paris based journalist who contributes to BT BIOTECHNOLOGY seems to be shaping up as the weapon of choice of
      FILE PHOTO  -  952 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1039 15 Wber* do markats SB novrt AT A casual glance, it might appear that the markets think the worst of the global financial crisis is over. Recent rallies make August's stock-market slump look like a mere blip. But the market signals are not quite so easy to
      FILE PHOTO  -  1,039 words
Page thumbnail Page 16
  • EXECUTIVE LIFESTYLE
    • Article
      Lock icon NYT looks back on a century of books
      659 16  -  And there s a whimsical side to this fascinating collection of 250 reviews, writes JOCEXaYM MCCXaURG JOCELYN MCCLURG LAT-WP THE New York Times Book Review may have many virtues, but a sense of humour is not high on the list. So it's
      LAT-WP  -  659 words
    • Article, Illustration
      Lock icon Stars Wars goes Down Under
      671 16 FILMS Producer chooses to shoot 2 preqnels at Sydney's Fox studios, a News Corp joint venture Reuters (SYDNEY) Filmmaker George Lucas yesterday announced he would produce two Star Wars films at Sydney's Fox studios, with shooting starting in 2000 and the first film due for
      Reuters; AFP  -  671 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      891 16 I LC. Development Ud II I NO riCE IS HEREBY GIVEN that the 26th Annual General Meeting of the Company will 11 be held at the Board Room of the office of L.C. Development Ltd, 38 Kim Tian Road, 11 I #03-00 Kim Tian Plaza. Singapore *****2 on Thursday, 19
      891 words
    • Advertisement
      Page 16 Advertisements Column 2
      8 16 Saturdays Off the cuff by Jaime Ee TheßusinessTimes
      8 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      261 17 Where to wine, dine and ssssi $eWKtfft>m our extensive a la cane buffet meia stiperb Sichuan and Cantonese gourmet delights. $22 (Adult) $15 (Child) for 4to 5 persons $20 (Adult) $15 (Child) for 6 persons 8C above >- For reservations, please call 290 8005/299 9011. ftltn imbjcct to icrrue chargi&go*CT*mm
      261 words
    • Advertisement
      Page 17 Advertisements Column 2
      142 17 PROMOTION (lat Nov 30 Nov *88} Claypot CrabmeartChicKen Sot* at Ss6.oonett Claypot Tom Yam Setfood Soup at 556.00 natt CHOOSE YOUR CHOICE Thai styte daypot red cuny chicken with pineapple Nonya Itah head cury *1 daypot Penang assam pedas in daypot Mongolan daypot lamb with onions Claypot mix vegetables v»#i
      142 words
    • Advertisement
      Page 17 Advertisements Column 3
      43 17 mm H P|H nl<>i4« depend on predictions. J/?* Advertise in Wine, Dine Entertain e us ness Times and reach out to 140,000 readers daily. i gif? j Contact Jennifer Ng 740 1581, [■M*' Raymond Seah 740 1260 or Shirley Lee 740 2290 now
      43 words
    • Advertisement
      Page 17 Advertisements Column 4
      57 17 W»'l fii ItiM? I ru4 ii in C a ts' Mews e.HI Cats' Nsvs it ClassHM this maktaJ. J «^k CATA wuh v°r s '^jf J Happy Heaw: as p spm to 10pm I pneFerOfce Wj i Beer^ er J ?S2BtW fc ffl Beer Per Jug W B M+++ g
      57 words
    • Advertisement
      Page 17 Advertisements Column 5
      95 17 a TURKISH EXPERIENCE T>Ucowhh&u, food. adUtnc A tfyiu exotic *lun£tf Presented by chefs and performers from TUTAV, the Promotion Foundation of Tntey. 30 Oct —6 Nov 1098 The Belvedere Reservations: 831 6288 Singapore 3sf Ortkvl W, Stnpporr *****7. TeL *****!1 F*x: *****61 Lunch 12 pm-2:3opm Dinner 6pm -10:30pm Stamp your
      95 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      830 17 TV&RADIO Premiere 12 b y The Mask. 4.45 Tibet's Wild Life (Last 5.30 Spider-Man. ep). Ewi Innovations. 6.00 News 5 Today followed 5.10 Highland Ladies. ci£l» Blitz. Sesame by Wheel of Fortune. 5.35 Majin Hero Wataru. m -m SI w —x—i Street. 6.30 The Pyramid Game. I W •mftJkl. I
      830 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      210 17 CRVFTIC CROSSWORD 5 Group conceals gear from rob- JKZZ 9 A Frenchman pocketing classy ointment mm— —taJ— end up far away (7) 11 I 11 Vulgar squad makes vigorous 23 Communicate successfully to —I|h 28 Husband has to join the forces again (7) 8 Many were irritated by being YESTERDAY'S
      210 words
Page thumbnail Page 18
  • MOTORING
    • Article, Illustration
      Lock icon Super-stretch Binz for limo leasing market
      433 18  -  This Daimler-endorsed specialty vehicle offers a long, long ride in luxury By i Christopher Tan [SINGAPORE] MERCEDES-BENZ parallel importer Euromobile has brought in a line of super-stretch carriages with an eye on the limousine leasing market. Costing between $550,000 and $700,000, each of the
      PHOTOS BY ARTHUR LEE  -  433 words
    • Article
      Parallel importers set up association
      425 18  -  Organisation should be in place by year's end; plans to offer group warranty By i Christopher Tan [SINGAPORE] Parallel importers of cars are making a serious bid for respectability they are forming an association similar to the one that authorised distributors set up 14 years
      425 words
    • Article, Illustration
      Lock icon Hefty tag on Porsche beauty
      314 18 [SINGAPORE] You are looking at possibly the most expensive car in the world the very exotic, very fast Porsche GTI. Porsche distributor Stuttgart Auto sold this beauty to a businessman with interests in the region. That is as much as it would reveal about the
      CHRISTOPHER TAN  -  314 words
    • Article, Illustration
      A chance to see Frankfurt '99
      321 18 SINGAPORE MOTOR SHOW Show starts Nov 14; VW offering free trips in lucky draw [SINGAPORE) Volkswagen Asia-Pacific is offering visitors to the Singapore Motor Show a chance to win two business-class return tickets to Germany for the famous Frankfurt Motor Show. The trip will
      321 words
    • Article, Illustration
      Lock icon Japanese car prices heading north
      365 18  -  Ten has been inching upwards against Sings since Aug By i Christopher Tan [SINGAPORE] Japanese cars could soon cost more if the yen remains in its current "strengthened" position, trade sources say. The currency has been moving up gradually against the Singapore unit since early
      ARTHUR LEE  -  365 words
    • Article
      UK marque TVR set to make comeback here
      274 18 [SINGAPORE] It would seem, as far as recent memory goes, only mad dogs and Englishmen would be found in a TVR. But a newly set up Singapore company is trying to change things. TVR Sportscars, set up a year ago, aims to
      274 words
    • BUMPER to BUMPER
      • Article
        Octavia for Skoda's world circuit debut
        74 18 ENOUGH sniggers about Skoda. The Czech make, now owned by Volkswagen, is making its debut on the world rally circuit next January with the Octavia World Rally Car. The car was designed and built at Mlada Boleslav within Skoda's renowed in-house racing department It
        74 words
      • Article
        Mexon F2-21 fuel additive offers savings
        89 18 IT WAS the only fuel additive picked by the United Nations to be presented at a meeting of Asian policy-makers back in 1994. Mexon F2-21, which comes in an easy decanter-bottle that treats 480 litres of fuel, is supposed to offer consumption savings of
        89 words
      • Article
        Most expensive Porsche at S'pore show?
        73 18  -  Compiled by Christopher Tan THE Porsche GTI is likely to make an appearance at the Singapore Motor Show, sources say. It will, however, only be displayed after Nov 17. Unlike a McLaren-Mercedes replica which will also be unveiled, the most expensive and powerful Porsche
        73 words
Page thumbnail Page 19
  • COMPANIES & MARKETS
    • Article
      HK cuts initial margin for Hang Seng Index futures
      517 19  -  Hong Kong Futures Exchange also extends trading time by an hour From Loh Hui Yin, Siow Li Sen in Singapore RESPONDING to Singapore's plan to launch a rival Hongkong index futures contract, the Hong Kong Futures Exchange has decided to cut
      517 words
    • Article
      L&M unit to fight winding-up petition
      173 19 [SINGAPORE] A whollyowned subsidiary of L&M Group Investments has been served a winding-up petition, the group said yesterday. On Oct 12, Yian Sin-Ken-hon Construction Pte Ltd presented its petition against L&M Prestressing (LMP) to the High Court, L&M said in a statement to the
      173 words
    • Article
      Big companies benefit most from interest rate plunge
      520 19  -  3-month interbank rate falls to& six-year low of 1.75% By\ Siow Li Sen [SINGAPORE] Highly-geared listed companies are among the biggest beneficiaries of the plunge in interest rates in the interbank market yesterday, the benchmark threemonth rate feU to a six-year low
      520 words
    • Article
      A case for DBS Land to make a bid for Parkway now
      683 19  -  HOCK LOCK SIEW Lee Han Shih WITH the controlling parties of Parkway Holdings scrambling to sell their shares, this would be a good time for DBS Land to make its move. On Tuesday, the three families that control
      683 words
    • Article, Illustration
      Lock icon No takers for Tuan Sing prime site
      447 19  -  Target said to be $220 psf, 60% off its purchase price By. Ang Wan May TWO years ago, Tuan Sing Holdings bought two pieces of prime bungalow land at Leedon Park. Today, it is looking to sell it off at a price 60
      ARTHUR LEE  -  447 words
    • Article
      Flextech unit launches $58m R&D plan
      152 19  -  By> Jennifer Lien [SINGAPORE] A whollyowned subsidiary of listed Flextech Holdings has embarked on a $58 million programme to develop semicon-ductor-related skills. Supported by a National Science and Technology Board research grant, the company, Semiconductor Technologies Instruments Pte Ltd (STI), will develop ca- pabilities
      152 words
    • REGIONAL COMPANIES
      • Article
        Uniphoenix's capital reduction plan part of its revamp
        272 20  -  From I Meera Tharmaratnam in Kuala Lumpur UNIPHOENIX Corporation has proposed a restructuring plan to stem losses and to resuscitate itself. The company, which has been under court protection from creditors, said it would undertake a capital reduction exercise. Every 1,000 shares
        272 words
      • Article
        Lock icon UEM puts off interest payments on RM2.9b loans
        327 20 Company says it has told lenders; plans to restructure debt over next six months FT [KUALA LUMPUR] UEM. the Malaysian toll road operator forced last year to bail out its troubled parent Renong, the well-connected infrastructure conglomerate, is to defer interest payments
        FT  -  327 words
      • Article
        New KL rules on futures fund manager licence
        341 20  -  Guidelines aimed at strengthening domestic futures industry From Ruth Wong in Kuala Lumpur IN an effort to strengthen the domestic futures industry, Malaysia's Securities Commission (SC) has come out with a new set of guidelines for companies seeking a futures fund manager
        341 words
      • Article
        DBS launches SIA covered warrants
        374 20  -  11m units at $1.28 each; 200-unit lots make buying easier for small investors By* Conrad Raj [SINGAPORE] DBS Bank will launch its first covered warrants aimed especially at the small investor today. The warrants, priced at $1.28 each, can be exchanged for 11 million SIA
        374 words
      • Article
        Lock icon KL brokerage stocks rise on govt move
        188 20 Bloomberg [KUALA LUMPUR) TA Enterprise Bhd and other Malaysian brokerages rose as the country's move to buy banks' bad loans to brokerages sparked optimism banks will lend more to the troubled industry. stemming the stock market's slide. "It's positive news; banks will be
        Bloomberg  -  188 words
      • Article
        Lock icon BIL set to restructure debt to deter takeover: sources
        516 20 It's said to have offered to repay 30% of NZs2.6bindebt Reuters [WELLINGTON] Troubled New Zealand investment firm Brierley Investments Limited (BIL) is about to announce a debt restructuring plan, market sources said yesterday, as the board seeks to deter the unwelcome
        Reuters  -  516 words
      • Article, Illustration
        Lock icon See Hup Seng up as much as 60% in debut trade
        269 20  -  By Marissa Chew [SINGAPORE] Sesdaq entrant See Hup Seng's shares rose as high as 37 cents in its trading debut yesterday, yielding at that point a 60 per cent premium over its offer price of 23 cents. The stock
        Source: Bloomberg  -  269 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Disney Q4 earnings sink 28% to US$296m
        465 21 Results in line with forecasts, show impact of poorly performing movies, weak video sales Reuters [LOS ANGELES] Walt Disney Co on Tuesday reported a 28 per cent drop in fiscal fourthquarter net income, in line with expectations, reflecting the impact of poorly performing
        Reuters; FILE PHOTO  -  465 words
      • Article
        Lock icon Kvaerner shares fall 17% on Q3 warning
        301 21 FT [OSLO] Shares in Kvaerner tumbled 17 per cent on Tuesday after the troubled AngloNorwegian engineering and shipbuilding conglomerate warned it expected a "significant weakening" in thirdquarter results. In the latest setback the company blamed provisions for losses on some projects and write-downs
        FT  -  301 words
      • Article
        Lock icon BP Q3 profit drops less than expected 36%
        428 21 Rise in refining revenue offsets oil price stamp Bloomberg [LONDON] British Petroleum Co, the world's thirdlargest publicly traded oil company, said profit fell a smaller-than-expected 36 per cent in the third quarter as it made more money from refining, blunting the impact
        Bloomberg  -  428 words
      • Article
        Lock icon Pepsi to swap US sales areas for slakes in bottlers: analysts
        284 21 Bloomberg [PURCHASE, New York] PepsiCo Inc, the world's No 2 soft-drink maker, is expected to swap some sales territories in the US for bigger stakes in its main independent bottlers to strengthen its system for distributing drinks. Pepsi is
        Bloomberg  -  284 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Emerging market losses erase ANZ domestic gains
        522 22 Bank shifting focus away from wholesale to retail and small business lending Reuters [MELBOURNE] Australia and New Zealand Banking Group Ltd (ANZ) yesterday served up flat annual earnings after losses from emerging market trading wiped out strong domestic profit growth and cost cuts.
        Reuters  -  522 words
      • Article
        Lock icon Thailand bent on quitting Inro
        355 22 Proposal to cabinet soon; agency ignores price change plea Reuters [BANGKOK] Thailand, the world's top natural rubber producer and exporter, is leaning towards pulling out of the International Natural Rubber Organisation (Inro), Deputy Agriculture Minister Somchai Sunthornwat said yesterday. Mr Somchai said his ministry would
        Reuters  -  355 words
      • Article
        Lock icon Home mortgage buyer Freddie Mac plans US$855m share sale
        228 22 Bloomberg [McLEAN, Virginia] Freddie Mac, the second largest buyer of home mortgages in the US, said it plans to sell 15 million shares of stock, allowing it to step up mortgage purchases. "We think it's a very good environment to position
        Bloomberg  -  228 words
      • Article
        HongkongBank launches $100m NCD issue
        133 22  -  Ihj I Soh Tiang Keng [SINGAPORE] HongkongBank has launched a Ssloo million negotiable certificate of deposit (NCD) issue to boost its working capital. The seven-year NCD bears a coupon rate of 4.45 per cent per annum. Payment is due on Nov 18. Hongkongßank spokesman Martin
        133 words
      • Article
        Lock icon New tax managed stock funds launched
        139 22 Bloomberg [BOSTONJ Fidelity Investments and PaineWebber launched "tax-managed" stock mutual funds, designed to reduce the taxes shareholders pay on investment gains. Boston-based Fidelity said the Fidelity Tax Managed Stock Fund will be overseen by 14-year company veteran Timothy HefTernan, manager of Fidelity Congress Street
        Bloomberg  -  139 words
      • Article
        Futures mixed amid profit-taking
        149 22  -  StMEZßeport MSCI Singapore Index Jardine Fleming THE Singapore Index futures were mixed in lacklustre trading yesterday as investors took profits on property and bank stocks. The remainder of the Big Four banks followed UOB's lead by cutting their prime rates to 6.5 per cent. The MSCI
        149 words
      • Article
        Futures drop on institutional selling
        122 22  -  MSd Taiwan fatnres Refco Singapore THE Simex MSCI Taiwan Index futures plummeted 6.90 points yesterday. The stock index dropped 166.12 points to 6,905.32. below the 7,000 support level on concerns over rising default loans. Despite a three-point premium over cash relative to the November 98
        122 words
      • Article
        Lock icon Oil falls after US inventory data
        366 22 ENERGY REPORT Reuters (LONDON! The oil market was calm in the face of the latest Iraq-UN crisis as prices dropped yesterday on further evidence of comfortable supplies following publication of latest US stocks figures. World benchmark Brent Blend futures for December delivery fell sharply
        Reuters  -  366 words
      • Article
        Lock icon CURRENCY REPORT
        278 22 AFX-Asia, AFP London THE dollar continued to be well-underpinned against major currencies in afternoon trade, as further gains on Wall Street buoyed optimism that the global financial markets have stabilised, dealers said. "Gains in the equity market reflect a sort of growing sense, rightly or wrongly, that conditions
        AFX-Asia,; AFP  -  278 words
      • Article, Illustration
        Untitled
        1232 22 DtTBRBAMK CROSS RATES C$ CCD to Pw HK$ rw N a mm* Ptso S$ land Sir OT$ 8aM Hmd US 6 '1? J-fjJ* 150! 1.044 4.86* 26.*****.209 0.7S3 8.248 2.389 T.TT8 ***** 24.773 1.020" 3.534 0.856 20.422 22.988 0.380 0629 H i 5- 33 05M 3645 0 7 S- 070
        1,232 words
    • Article
      COMMODITY PRICES
      1874 23 SICOM FUTURES or RUBBER (hiturts closing as it 5.30pm) RSSKONTRACTts cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 9« 114.50 300 600 Jen 99 116.50 300 1000 Feb 99 118.50 725 Mar 99 120.25 1175 Apr/Jun 99 123.75 2850 Jul/Sep 99 127.75 150 Oct/Dec 99
      1,874 words
    • Article
      WORLD STOCK MARKETS
      2392 23 M—4 V*— CMw— London: FTSt-KKJ 5,622.9 Paris: CAC-40 3.664.16 *KX>.7 StockiM*n:OMX 695.47 *t5.33 Frankfurt DAX 4.***** *136.64 Brussels: BCL-20 3,307.72 *44.88 Milan: Mlb-30 30.870 *993 Amsterdam: AEX 1,059 81 *28.41 Zurich: SMI *147.9 JOBurq: Joh-tnd Unav Nwl Vol— Ona Toronto: TSCComp 6.296.51 -19.15 Now York: Dow Jonos
      2,392 words
    • Article
      Lock icon TOKYO
      1639 23 Bloomberg P Nikkei 225 *87!iM JAPAN'S key stock index rose to a seven-week high, led by Sony Corp and Sumitomo Bank Ltd after Morgan Stanley Dean Witter Co raised its weighting of Japanese stocks in its model international portfolio. Foreign investors led the buying, spurred by a bullish report
      Bloomberg  -  1,639 words
    • Article, Illustration
      Lock icon HONGKONG
      1594 24 Reuters 13 Hang Seng +149.73 STOCKS pushed ahead yesterday, aided by strong fund flows that saw the Hang Seng Index closing above 10,500 points for the first time since May 4, brokers said. The blue chip index ended up 149.73 points, or 1.45 per cent, at 10,508.25. Turnover was
      Reuters  -  1,594 words
    • Article, Illustration
      Lock icon CHINA
      627 24 Reuters n Shenzhen B Index +OJ4 SHENZHEN'S hard currency B shares ended slightly higher yesterday, boosted by domestic buying interest in stocks expected to post good 1998 earnings, analysts said. The B Share Index gained 0.14 of a point to 64.12 on turnover of HK$l4.6 million. Analysts said local
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  627 words
    • Article
      Lock icon TAIPEI
      364 24 AFP □WTlnta -166J2 TAIWAN share prices dipped 2.3 per cent to fall below the psychological 7,000-point level yesterday on fears of financial troubles at local companies, dealers said. The Weighted Price Index dropped 166.12 points to 6,905.32, following a 2 per cent decline in the previous session. "Investors feared
      AFP  -  364 words
    • Article, Illustration
      Lock icon JAKARTA
      740 24 AFP FlOpmpogte Index *1128 INDONESIAN shares yesterday closed 4.2 per cent higher on gains led by dollar-sensi-tive counters amid a weaker rupiah and on speculative buying in select shares, dealers said. "The rupiah weakness should benefit companies like Indosat, Indah Kiat and Tjiwi Kimia," a dealer with a major
      AFP  -  740 words
    • Article, Illustration
      Lock icon BANGKOK
      774 24 AFP n SET lute ♦10JS THAI shares rose 3.2 per cent at the close yesterday with speculative buying driving banks, communications and property issues higher amid a lack of fresh leads, dealers said. Analysts said the market was buoyed by regional gains and the availability of cash following recent
      AFP  -  774 words
    • Article
      Lock icon MANILA
      311 24 AFP Q Manila -8755 PHILIPPINE share prices fell 4.9 per cent yesterday in a "healthy correction" after posting strong gains over the past three weeks, analysts said. The Philippine Stock Exchange Composite Index fell 87.55 points to close at 1,714.09 points. Volume fell to 2.58 billion shares worth 2.55
      AFP  -  311 words
    • Article
      Lock icon SEOUL
      420 24 AFP □Compoatelndcx +5L83 SHARES gained 1.4 per cent yesterday, recouping early falls, with a rebound in futures sparking bargain-hunt-ing and amid steady foreign interest, dealers said. Futures-led selling sent prices lower before profit-tak-ing cut further into gains of the past six consecutive days, dealers said. But prices rebounded on
      AFP  -  420 words
    • Article
      Lock icon SYDNEY
      583 24 AFP NAD Ordinaries +C 3 SHARES gained 0.2 per cent yesterday despite early disappointment that the Reserve Bank of Australia failed to ease monetary policy. The All Ordinaries Index closed 4.3 points higher at 2,679.9. National turnover totalled 245.05 million shares worth A 5707.15 million. The All Industrials Index
      AFP  -  583 words
    • Article
      Lock icon WELLINGTON
      250 24 AFP PI Wellington +£83 STOCKS rose 0.3 per cent yesterday on moderate turnover as investors were cheered by rising Japanese stocks. The NZSE-40 Index was up 5.83 points to 1,965.81 on turnover of NZ$BB million. Air New Zealand A shares gained two cents to NZ$2.O5. MS (000) ANZ Banking
      AFP  -  250 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7855 25 INDUSTRIALS Consumer products L *»t Vol Oay Nat Cap H.gh LOW Company So* OOO Hiqh Low p/ t S mll 310 170 Ajinomoto 250 13 8 lOI 3 '4® 35 Anqnasa $9 unth 68 61 59 87 0 290 123 Apollo Food Hlq 195 68 78 O c?2 Land 157
        7,855 words
      • Article, Illustration
        Lock icon Shares surge with regional bourses
        395 25 AFP Q Composite Index -*-9.79 MALAYSIAN share prices closed 2.3 per cent higher yesterday in tandem with major regional bourses. "Local buying support was boosted by the performance of regional bourses like Tokyo and Hongkong," an institutional dealer with a local brokerage said. The Composite
        AFP  -  395 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2657 26 BONOS. LOANS ft WARRANTS art 1998 Last Vol Day Lait Quota Avg Htqti Low St no Company Sala ♦or- COOO) High Low Buyar Sailor Prtca 20.5 3 3160 A Acar ******1 USS 14.5 »23 102 14.5 12 14 14.5 95 4.5 3164 Acma ******4 16 »0.5 483 18.5 17 17.5
        2,657 words
      • Article
        A warrant for the steely-nerved
        194 26  -  WARRANT WATCH Ven Sreenivasan THE liquidity-driven rally of the past four weeks has seen several Indonesianlinked stocks rise to new six-month highs on rotational play. But putting money on these counters can be a risky affair, especially since their fundamentals are less than favourable. Nevertheless,
        194 words
      • Article
        CLOB INTERNATIONAL
        226 26 HONGKONG STOCKS Gf Gr 1998 L"« VI Day Lut Ouof Mv Mv YM Nat M Cae High Low Stno Company Sa* COOP) H>» Law Buy* S«—f Cw Pfl 400 250 5123 COL (2000) HK 400 2 00 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c MK_720
        226 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6914 27 Cr Cf M Wt J 998 La«< Vaf Day Last Ouot. OW Oiv Yld Net Cap Avg KN> Low StHa Company Salt OOO) High Low Buyer Seller C'vr H P/E Smil Prka MULTHNOUSTRY '11= ir mt 82.5 *1 797 83 79.5 82 82.5 27.5
      6,914 words
    • Article
      SESDAQ
      1268 27 JW Day Last Quota O* Dtv YM Nat Cap Ava **>* C»W>—V »«H COOP) H>» Lam ■wye «—»r Cw W y£ Prtc? MANUFACTURING 243 30 2049 AS Auto 10c 105 *63 2566 K>S 97 104 105 15.0N 7.0 14 99 1199 100 82 45 2051 ASJ Htdqs 20c 57
      1,268 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        305 28 Stock! Volume Wing Tai 25c 27.589,000 DBS Land 23,*****0 •TanChonglnt50c 22,293,000 Keppel Land 50c 19,736,000 MCLLand 19,240,000 Hotel Prop 17,563,000 S Hup Seng 10c 15,096,000 NatSted 50c 14,243,000 VanderHorst 13,567,000 SwOCorpI 25c 13,248,000 5 DBS land 51.746,796 Keppel Land50c 39.655.423 Wing Tal 25c 33.130.385 Ktsoti Corp 29,046,040 City Dev 50c
        305 words
      • Article, Illustration
        STI soars above key 1,300 on late funds-led buying
        633 28  -  STOCK MARKET COMMENTARY Property stocks lead the rally on expectations of farther prime rate cuts; big boys are still on the prowl, says a dealer By Ven Sreenivasan A SURGE of late funds-led buying lifted Singapore stocks to a new sixmonth
        633 words
      • ON THE GRAPEVINE
        • Article
          Diet-beer?
          75 28 IF you like your beer but worry about sugar levels, then try super dry beers. Super dry beers are brewed longer using a process that leaves less residual sugars than other 5 per cent lager beers. The brew is left for a long period for cold maturation and is
          75 words
        • Article
          Affiances: learn from dolphins
          112 28 DID you know that even dolphins form alliances? A Lufthansa newsletter on airline alliances had a report on such groupings. It noted that while generally only dolphins of one species form a school, different species of dolphins also form alliances when it is beneficial to do
          112 words
        • Article
          Viagra slowdown: bears blamed
          130 28 ALAN Abelson, the acerbic wit at Barron's, was bemoaning the fact that all the excitement has gone out of the market in his latest column for the US financial weekly. One reason was the lack of Viagra fever, he opined. According to him Viagra's loss of
          130 words
        • Article
          Online or off-line?
          147 28 SIGN up for a second phone line with Sing Tel, and you get a free handphone, plus a host of other freebies like free installation. Sounds like a great deal. The catch was that you were to get all tht« if you applied through the Internet. A
          147 words
      • Article, Illustration
        HOT STOCK
        79 28  -  -by Shiv Taneja DBS Land closed 19 cents higher yesterday at $2.38 on a volume of 23.1 million shares, compared with its 10-day traded average ot 12.4 million units. The counter was the second highest volume gainer in the market yesterday. It is heavily overbought, according to the
        79 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      100 20 Swissair's daily specials to Switzerland: j jjj ZURICH $1088/- I Evening departures from Singapore. A good deal and more from Swissair. Other Swiss Destinations: Basle, Geneva. Terms 8i Conditions: Flights out of Singapore must be token between 1 November 1998 31 March 1999 Bookings are subject to seat availability Ticket
      100 words
    • Advertisement
      Page 20 Advertisements Column 2
      211 20 Goods Services Tax Workshops For those requiring hands-on practical experience to understand GST, we are conducting GST workshops on the dates shown below. The workshop is particularly relevant for those responsible for preparing or reviewing GST returns in any industry. The course will provide a sound basis for handling the
      211 words
    • Advertisement
      Page 20 Advertisements Column 3
      5 20 Strait Talk TW-BmumTto® Shipping Times
      5 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      746 21 telrrV,. ?1 Lji mfgA 1 J li J JEI a Mm wk/^^K Test ride the BMW RllOO RT at Performance Motors Limited East Coast Centre. 280 Kampong Arang Road. Tel: 346 ***** 340 1819 Mon-Fn: 9am to 6pm. Sat: 9am to Ipm A member of the Sime Singapore Group The
      746 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      92 22 cb^ ELMO a technological innovator She's for the very discerning True*tO'Life Colours 750 ANSI Lumens Made in Japan Proud to Show Her Off! Given her natural colours, e.g. skin tone, and her exceptional Desk brightness, the new Elmo EDP-3200 (SVGA) LCD Data Projector charts new dimensions in the field of
      92 words
    • Advertisement
      Page 22 Advertisements Column 2
      9 22 Hock Lock Siew Takes you behind the news TheßusinessTimes
      9 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      108 24 NOTICE IS HEREBY GIVEN that. I GOH ZHENG RONG of Blk IB Gillman Heights, #14-13, Singapore *****1, have applied for a Wholesale Liquor Shop Licence in respect of M/s Sea Gull Trading Pte Ltd located at Blk 209 Henderson Industrial Park, #01-04, Henderson Road. Singapore *****1, and that this application
      108 words
    • Advertisement
      Page 24 Advertisements Column 2
      114 24 NOTICE IS HEREBY GIVEN that, I CHOW WOAN JEN of 993 Bukit Tlmah Road, #08-12 Saraca Court, Singapore *****1, have applied for a Public House First Class in respect of M/s Crystal Jade Kitchen (Causeway Point) Pte Ltd located at 1 Woodlands Square #04-43/44 Causeway Point, Singapore *****9, and that
      114 words
    • Advertisement
      Page 24 Advertisements Column 3
      106 24 NOTICE IS HEREBY GIVEN that, I SENG LOON KWEE of Blk 212Tampines St 23 #12-131 Singapore *****2, have applied for a Public House 2nd Class Licence in respect of M/s Beppu Menkan Restaurant Singapore Pte Ltd located at 134, #01-01 Amoy Street, Singapore *****3, and that this application will be
      106 words
    • Advertisement
      Page 24 Advertisements Column 4
      106 24 NOTICE IS HEREBY GIVEN that. I YEO GIM KENG of Blk 34 *02-38 Kim Yam Rd Far East Mansion Singapore *****2, have applied for a Public House, Ist Class Licence in respect of M/s Hiro Partner Entertainment located at 101 Killiney Rd Singapore *****4, and that this application will be
      106 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      109 25 LICENCE NOTICE^ NOTICE IS HEREBY GIVEN that, I JIRI KOBOS of 491 RIVER VALLEY ROAD #07-14 SINGAPORE *****2, have applied for a FIRST CLASS PUBLIC HOUSE (EXTENDED) Licence in respect of M/s TICALOA PTE LTD located at 30 VICTORIA STREET #01-18 TO 20, #02-01 CHIJMES SINGAPORE *****6 and that this
      109 words
    • Advertisement
      Page 25 Advertisements Column 2
      122 25 +The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks NOTICE IS HEREBY GIVEN that, I LEE MENG KEE of No. 66, Dedup Road, Singapore *****0, have applied for a 2nd Class Beer House Licence in respect of M/s Lee Fun Nam Kee Chicken Rice Restaurant located at
      122 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      236 26 I BUSINESS To advertise call toll-free INOO-741 INN 3 NOTICE IS HEREBY GIVEN that, I LEE THIAM GEK of No. 66, Dedap Road, Singapore *****0, have applied for a 2nd Class Beer House Licence in respect of M/s Lee Fun Holdings (S) Pte Ltd located at 3D, River Valley Road,
      236 words
    • Advertisement
      Page 26 Advertisements Column 2
      204 26 NOTICE IS HEREBY GIVEN that, I LU SOCK lAN of 54, Chai Chee Street #06-869 Singapore *****4, have applied for a Wholesale Liquor Shop Licence in respect of M/s Lutan Agencies located at 865, Mountbatten Rd #81-95 Singapore *****4, and that this application will be considered by the Liquors Licensing
      204 words
    • Advertisement
      Page 26 Advertisements Column 3
      110 26 I Multinational Group I H Invites applications for the following Senior Post: I I Applicants should hold a senior post in a I I financial institution and be well versed with I international financial management. They should I also have over 10 years of practical experience I I in securities
      110 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      101 27 NOTICE IS HEREBY GIVEN that, IYIO SIOK HUI of 131 Scrangoon Ave 3 *06-23 Singapore *****2, have applied for a Retail Beer Shop Licence in respect of M/s Well Super Mini-Mart located at 26, Cactus Drive *01-04 Singapore *****5, and that this application will be considered by the Liquors Licensing
      101 words
    • Advertisement
      Page 27 Advertisements Column 2
      105 27 NOTICE IS HEREBY GIVEN that, I ONG KONG KHOO of Blk 112 Simei Street 1 ****** Singapore *****2, have applied for a Ist Class Public House Licence in respect of M/s Klimt's Pte Ltd located at Sentosa Boardwalk Site "A" "Umbrella" Singapore *****1, and that this application will be considered
      105 words
    • Advertisement
      Page 27 Advertisements Column 3
      102 27 NOTICE IS HEREBY GIVEN that, I NASENTHIAGARAJAN of Blk 655,Yishun Avenue 4, *10-397 Singapore *****5, have applied for a Public House First Class (Extended) Licence in respect of M/s Caliente Bar Restaurant located at 25 Scotts Road *01-05 ScottsWalk Singapore *****8, and that this application will be considered by the
      102 words
    • Advertisement
      Page 27 Advertisements Column 4
      113 27 NOTICE IS HEREBY GIVEN that. I BENSON TAN KOK CHIN of Block 490 A *05-211 Tampines Street 45 Singapore *****0, have applied for a Beer House (2nd Class) Licence in respect of iM/s Garvner Merchant S pore Pte Ltd located at Prime Lounge. CISCO Centre 11, 20Jalan Afifi Singapore *****9.
      113 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      809 28 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JOO HWA SHIPPING PRIVATE LIMITED (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the
      809 words
    • Advertisement
      Page 28 Advertisements Column 2
      687 28 W [77*77] JAYA holdings limited L, |r| corporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at 13 Tuas Crescent, Singapore *****7 on Friday, 20 November 1998 at 11.00 a.m. for the following purposes: AS ORDINARY BUSINESS
      687 words
    • Advertisement
      Page 28 Advertisements Column 3
      837 28 NOTICE IS HEREBY GIVEN that, I CRAIG EVERETT MONTEIRO of 414 A Upper East Coast Road, Singapore *****0, have applied for a Ist Class Public House Licence in respect of M/s Klimt's Pte Ltd located at CHIJMES 30 Victoria Street *01-17/30 Singapore *****6, and that this application will be considered
      837 words
Page thumbnail Page 29
  • 25 YEARS
    • Article, Illustration
      Lock icon 25™ ANNIVERSARY SPECIAL
      286 29 From its humble beginnings in 1973 when there were only 78 Singapore-incorporated companies with a market capitalisation of $6 billion, the local stock market as at Sept 30 this year now boasts a total 0f368 listed companies with a market value of more than $262 billion. Of
      elizabeth wirtz  -  286 words
    • Article, Illustration
      Goodies in Net investing
      538 30  -  Broking firms Lim Tan and Vickers Ballas are offering freebies such as weekly lucky draws, restaurant vouchers and free online research reports to attract first-time investors to stocks trading on the Internet, says SHIV TANEJA SHIV TANEJA The writer is BT'spersonal finance editor Discount brokers they
      538 words
    • Article
      Legwork needed before trading proper
      178 30 THOUGH one of the big benefits of trading via the Net is that you can key in your transactions pretty much when you like, to get to that stage you have to do a little leg work. Take the case of Lim Tan. New clients
      178 words
    • Article
      The stock exchange's role in use of capital
      762 30  -  By Kevin Gin The writer is director of research at Dresdner Kleinwort Benson THE biggest problem facing Asia since the start of the regional crisis is how to re-estab-lish investor confidence, which in turn would help ensure that money comes back to
      762 words
    • Article, Illustration
      Lock icon Stock Exchange of S'pore through the years
      1412 31  -  SES president Lim Choo Peng shares with R SIVANITHY memorable events such as the Pan-Electric crisis and Oct '87 crash, and offers a peek into the bourse's future R SIVANITHY tin your opinion, what has been single biggest change in the local stock
      JEROME MING/ST  -  1,412 words
    • Article
      Free markets key to economic health
      1289 32  -  Argentina's liberalisation reforms, which helped it ride out Mexican crisis, are a contrast to intervention-oriented Japan and Korea By Pedro Marcal The writer is partner and portfolio manager at Nicholas-Applegate Capital Management The harsh realities of the modern economic era are forcing businesses and
      1,289 words
    • Article, Illustration
      Lock icon Protection against trading risks
      1087 33  -  SES' new counterparty guarantee scheme aims to shield traders in the event of defaults before settlement of traaes, says ALASTAIR LAURIE-WALKER ALASTAIR LAURIE-WALKER The writer is vice-president of J&H Marsh McLennan Finpro DESPITE the regional crisis, the Stock Exchange of Singapore remains undaunted in its determination
      FILE PHOTO  -  1,087 words
    • Article
      Asset assurance enhances investors' security
      385 33  -  By Robert Palmer The writer is a senior vice-president at Asset Guaranty STOCK markets and other financial exchanges are currently undergoing an unprecedented change in their respective operations. All are revising their strategies in response to new, highly competitive cross-border trading environments in order to
      385 words
    • Article, Illustration
      Lock icon Evolution of Clob
      612 34  -  R STVANITHY traces the origins of the computerised trading system R SIVANITHY ONTRARY to popular belief, the Central Limit Order Book (Clob) system is not a market for Malaysian 1 shares. It is actually the Jk fully computerised trading system used by dealers and remisiers that was
      FILE PHOTO  -  612 words
    • Article, Illustration
      Lock icon In honour of the SES pioneers
      224 35 57 firms which have been listed on the S'pore bourse since '73 are given awards for their longevity TWO-and-a-half decades ago, the size of the local stock market was only a fraction of what it is today. Yet a significant number of companies listed
      SIEW YAW HOONG  -  224 words
    • Article
      Standing tall
      384 35 Listed companies as at Dec 31, 1973, still on the board today j An extended family SES MEMBERS AS AT DEC 31,1973 Goodwood Park Hote( S eeS I'm Haw ParCorp 3.56 1.19 Alliance Securities Kim Eng Securities oooawooo HarK Hotel 3.50 2630 NatSteel 5.90 1.10 j Ballad To
      384 words
    • Article, Illustration
      Lock icon Every point tells a story
      7 35 Source: SES
      Source: SES  -  7 words
    • Article, Illustration
      Lock icon A walk down memory lane
      1077 36 Here's a look at significant events in the history of Stock Exchange of Singapore Source: SES 1930: Formation of Singapore Stockbrokers' Association which consisted of 15 founder members to regulate trading activities in the interest of the public. March I960: Name of Association was changed
      Source: SES; FILE PHOTO  -  1,077 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      31 29 Congratulations to the Stock Exchange of Singapore on its 25th Anniversary from Board of Directors Management f CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 Jalan Samulun, Singapore *****7 Tel: *****11 Fax: *****90
      31 words
    • Advertisement
      Page 29 Advertisements Column 2
      86 29 CONTENTS Internet trading p2 The role of a stock exchange p2 SES president Lim Choo Peng p3 Free markets economic health p4 Stock market insurance p5 Clob's evolution p6 The roll of honour, prizewinners p7 Milestones n8 Passion -for Style Beginning with the choicest locations in Singapore. Partnering the most
      86 words
Page thumbnail Page 30
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      55 31 Congratulations To The Stock Exchange of Singapore On Your 25th Anniversary 91 Amtek Engineering Ltd 5 1 Kian Teck Drive, Singapore *****8. Tel: (65) 264 0033 Fax: (65) 265 2510 J Website:www.amtek.com.sg < Chj QS-9000: ***** ISO 9002 08 9000 QSWOCMSO §002 Certificate No: ***** METAL STAMPINGS ASSEMBLIES COMPUTER ENCLOSURES
      55 words
    • Advertisement
      Page 31 Advertisements Column 2
      70 31 f 4i^assoon t STOCKBROKERS IN SINGAPORE SINCE 1928 extend our bM, Wishes and congratulations to The Stock Exchange Of Singapore Ltd on the occasion of its 25 th ANNIVERSARY J.M. SASSOON CO. (PTE) LtD. I 1 Raffles Place Dealing Unes 535 2888 635 2866 I #44-00 OUB Centre Facsimile 532
      70 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      159 32 i BBBSB ***** BBBIUMBIHI EBBBGBBBB BBBBBffIBBIB *****88 BHUHB mm HHtaiHHHBinHHH ggg| BB 8888 8888 **********88 0 Hong Leong Group Singapore congratulates SES on its big day and thanks SES for awarding City Developments Ltd a special commendation for "Highest Growth in Market Capitalisation in 25 years". ,> For 25 years
      159 words
    • Advertisement
      Page 32 Advertisements Column 2
      44 32 Congratulations to (Stock Exchange of Singapore on your 25th Anniversary RH* RHB-CATHAY SECURITIES PTE LTD Member of the Stock Exchange of Singapore Ltd 9 Raffles Place #25-01 #26-01 Republic Plaza Singapore *****9 Tel: (65) *****68 Fax: (65) *****27 Telex: RS ***** CASECS/RS ***** RHBCSE
      44 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      74 33 Fuji Xerox is proud to be a partner of the continued growth of the SES Your partner for tailor-made solutions. 111 i \(•i II sIIIi:,111 I I'lr II 11 li It 111 ,1 v,' k r, II II I(■\,l I 11 aI .s 111 sIIIII |Mw II I ill ii
      74 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      180 34 ft to- t&e St&e6 Sutyafe&ie ok £te 25tA- rftuUv&ttovut a H I KOH BROS I KOH BROTHERS GROUP LIMITED 11 Lorong Pendelc Koh Brothers Building, Singapore *****9 Tel: 742 2242 Fax: 841 6400 G W GROUP (HOLDINGS) LIMITED 65 Sungei Kadut Drive, Singapore *****4 Tel: 365 3388 Fax: 365 5866
      180 words
    • Advertisement
      Page 34 Advertisements Column 2
      55 34 a. .A j fl Congratulations to SES f'?: jEJmlj' L wviffirWs 9i Creating value for our clients. Securities Tat Lee Securities Pte Ltd Keppel Securities Pte Ltd V^/ 10 Hoe Chiang Road 9 Raffles Place #08-01 Keppel Towers #16-21 #17-20/21 Republic Plaza II Singapore *****5 Singapore *****9 Tel: *****88 Fax:
      55 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      62 35 M Our Congratulations to the m M Stock Exchange of Singapore m 25th Anniversary m PCI Limited M 322 Jalan Ahmad Ibrahim Singapore *****1 gfl H Tel: *****81 Fax: *****31 Sg CONGRATULATIONS on the 25 th Anniversary of the STOCK EXCHANGE OF SINGAPORE LTD THE STRAITS TRADING COMPANY LIMITED 9
      62 words
    • Advertisement
      Page 35 Advertisements Column 2
      46 35 Congratulations! J/m Stock Exchange of Singapore on your 25th Anniversary JJmF jIL r v 7 LUM CHANG SECURITIES PTE LTD #*fiE#«A*R&^ A member of the Lum Chang Group (Member of the Stock Exchange of Singapore Ltd) 16 Raffles Quay #28-01 Hong Leong Building Singapore *****1 *****
      46 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      131 36 I Congratulations 1 I The (Stock Exchange of Singapore I I on its 25th Anniversary I I Anticipating the Challenges of the Next 25 Years I I The merger of the operations of Lee Company and G. K. Goh Stockbrokers I will combine strengths in retail and institutional broking, creating
      131 words
Page thumbnail Page 37
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      321 37 Bridge News, Reuters THERE were vague reports of a couple of Pacific panamax cargoes covered at firmer levels, but details remained private. Those who waited to fix their cargoes spot are now having to pay higher-than-expected rates, as the market "to some extent, has not eased", a broker
      Bridge News,; Reuters  -  321 words
    • Article
      MARITIME STOCKS
      276 37 "W« if CWT Olltrlfivtlon 0.53 *0.02 143 CftUMHup 043 *0 01S 589 Caaco Invaatmant O.SSS -0.003 47 FrptaMLMu 041 *0.005 1257 MiMMip 0.445 *0.01 MO Hal Sun Hup 0.445 *0.01 512 Hlt4cNZa44n 0.7 J *0.035 454 IMC HOMnp* m 54 JpyaHoMJnqt 0.545 -0.005 I) JurpfwSNpyart __7.00 *0.10 244
      276 words
    • Article
      M'sian govt to implement proposals to boost Klang
      585 37 DRIVE TO PROMOTE MALAYSIAN PORTS They include setting np of national feeder company and incentives for shippers [SINGAPORE] The Malaysian Cabinet yesterday agreed to implement several proposals, including the setting up of a national feeder company, to promote the use of its
      585 words
    • Article
      Kerala govt teams up with private firms to develop 2 ports
      224 37  -  Indian state has already awarded 3 other port projects to private sector From, Rajendra Bajpai in New Delhi THE Kerala government has tied up with the private sector to jointly develop t two minor ports in the south Indian
      224 words
    • Article
      S Korea's low newbuilding prices anger European yards
      829 37  -  MEWBUILDS By. David Hughes TTHE understatement of the year must be to say that European shipbuilders are upset. They are absolutely seething with fUry over current prices being offered by South Korean yards. Last week Oswald Mueller, chief executive of German yard
      829 words
    • Article, Illustration
      Call to make S'pore a maritime brain hub
      262 37  -  By] Felix Chan (SINGAPORE] Singapore could be a maritime intellectual centre where the shipping community gather to discuss and test out ideas to better enhance its ability to. serve the global shipping and logistics community. Speaking at a port design and techonology
      262 words
    • Article
      IMO urges implementation of marine pollution laws
      273 37 [SINGAPORE] Implementation of international shipping regulations is crucial in order to protect the world's oceans from pollution by ships, said International Maritime Organisation (IMO) William O'Neil. In a message to member states on the 25th anniversary of the adoption of the International Convention
      273 words
    • Article
      Lock icon Cheaper ringgit makes P Klang a draw: minister
      163 37 Bernama [KUALA LUMPUR] Malaysia has to make more efforts to attract those exporting to Europe from the countries around the Bay of Bengal and northern Sumatra to use Port Klang as a transhipment point because of its lower costs. Transportation costs were
      Bernama  -  163 words
    • Article, Illustration
      Lock icon Flag-of-convenience myth
      998 38  -  SHIP SAFETY STANDARDS Outdated view that open registers mean low standards diverts attention from sub-standard national registers W David Bruce The writer is senior vice-president (Europe) of International Registries Inc THE view that so-called "flags of convenience" (FOCs) are synonymous with low standards is far from accurate and
      FILE PHOTO  -  998 words
    • Article
      SHIPPING SCHEDULES INDEX
      233 38 PACE Oonqnama 3 ACL 6 ECl 5 AWL 3 Evergreen 6 Accord 8 EoongSun 8 Appenship 5 G Link 4 Austral 8 Gemartrans 8 Balaji Shpq 4 HaiSunHup 8 BSA 7 Hanqli 7 B'tang Mas 8 Hanjtn 3 CCNI 7 Heunq-A 7 CMA 8 Hyundai 7 COSCO
      233 words
    • Article
      SHIPPING GUIDE
      18355 45 THEBU sinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advartisar V*ss« Voyaga T*l*phon* ETA ETA Advartisar Voyaga TH*t>hon» SIN D»»tn Nam* Nam* Number Numbar SIN D*stn Nam* Nam* Numtwr Numb*r ■8BBB*****8888aB8B*****8*8M*****8S888a*****B**********8W**********888M*****881 17/8 M/12 PIL BUNGA TERASEK 131 *5-*****1 To ABIDJAN (ABJ) 2003 Cot* D'lvoir* 17/11 k/b cosco xiang he oiue *5-22*8m
      18,355 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        785 49 Voy Mo Berth Arrival Departure nZn rW J» alongside 0511/0500 Bt Mm Gt6 S7 *****8 X) Mnguk 0411/2230 »S* *****8 J01 «ongu* 04.11/2000 at vantgaya onwe joi aiongs* 04 n/woo ■«d"«an *<5 J02 alongside 04.11/1900 Oooyanggtory UC79 jq alongside 04.11/0030 EM<y* 2 JOB along*** 05.11/0800 Cueraapsty U J15
        785 words
      • Article
        CONTAINER SCHEDULES
        1789 49 RECEIVING OF EXPORT FCt CONTAINERS ANP LCL CARGO Booking/BilMct Rstls Sltlp Voy No Etb/Btr Period Fro* To From *ci Minim 0031 07/1500 U 04/800 04/85* 04/1400 04/1900 04/165* 04/1*00 a 04.-'0C 05/0*59 05/0900 a ovt7oo 05/0*59 05/0900 3 ovoroo 05/1159 os/moo 4 05/1200 05/1451 05/1700 060 07/0400 U
        1,789 words
      • Article
        GLOBAL HOLIDAYS
        206 49 Nor 11 Belgium: Amistice Day. Canada: Remembrance Day. France: Amistice Day. United States: Veterans Day. Nor 12 Taiwan: Birthday of Dr Sun YatSenJferM Brunei: Menu Indonesia: Ascension of the Prophet. Nor 22. Mexico: Revolution Day. Nor 23 Japan: Labour Thanksgiving Day. Not 26 United States: Thanskgiving Day. Not
        206 words
      • Article
        COCKETT BUNKER MARKET REPORT
        857 49 THIS report, complied by Cockctt Marine Oil Ltd. shows price ran** In US dollar* instead ot single price* for a more comprehensive description of the market Prices shown are baaed on averate slaed stem Market movements are Indicated The Cockett Bun ker Price Index change and
        857 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        375 49 C 180 Mm 9932 0.7 16.0 0.08 59 0.05 n Ptfftlty Water htMw Art Alomlntw St«n»t No above E25 1 0 6 0 0 0 m/m 380 Aw 986.8 0J 15.3 0.06 31 0.02 I"" 380 Mai 995.1 0.8 19.8 0.12 154 0.07 M/>rl %M/>I Wo
        375 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        BA revamps long-haul economy class
        328 50  -  £150 m upgrading to be phased in over next 30 months on long-haul fleet of over 100 aircraft By Felix Chan [SINGAPORE] British Airways (BA) announced on Tuesday it is to spend over £150 million (Ss4os million) overhauling its World Traveller long-haul economy class. BA
        328 words
      • Article, Illustration
        Lock icon Star Alliance to have new Asian partner next year
        388 50 AFP [TOKYO] The international Star Alliance airline network will sign up a new Asian partner next year, the head of Germany's Lufthansa said here. The aviation alliance, which links frequent flyer programmes and check-in facilities, was "well covered" in North America,
        AFP  -  388 words
      • Article, Illustration
        Lock icon Lower interest rates boost Chrysler's vehicle sales
        308 50 Bloomberg [AUBURN HILLS. Michigan] Chrysler Corp's US car and truck sales rose 20 per cent In October as new models and lower interest rates spurred demand. Car sales rose 27 per cent to 67,359, while sales of pickup trucks, minivanB and sport-utility vehicles
        Bloomberg; FILE PHOTO  -  308 words
      • Article
        Lock icon UK, Spanish airlines ban man in bottle attack on stewardess
        283 50 AFP [LONDON] British and Spanish airlines clubbed together to ban for life a man accused of a bloody assault with a broken bottle on an airline stewardess from travelling on their planes, a tour operator said. "We approached every major
        AFP  -  283 words
      • Article
        Lock icon KLM's net profit in 1st half down 46.7%
        284 50 AFP [AMSTELVEEN, Netherlands] The Dutch airline KLM yesterday announced that net profit In the first half plunged by 46.7 per cent from 1.074 billion guilders (***** billion) In the first half of last year to 572 million guilders. Figures for the second
        AFP  -  284 words
      • Article
        Lock icon If FedEx pilots strike, customers will be left with no alternative
        502 50 Competitors hard pressed to add more business during holiday season Reuters [CHICAGO] Federal Express, the world's largest air express package carrier, has warned that a threatened pilot's strike during the peak holiday season may drive away some of its
        Reuters  -  502 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1639 50 OTT FINMT ETA JTJfiMT CTD 0F4 W40 ****** 2359 AMaMt IA734I 1910 M7M2 2050 J***** 2359 Of* 1930 0f42 2050 FiMl S0909 TO $0990 0130 tumvtrnm S0803 1915 CZ352 0035 W"* C2353 2035 $0404 1015 :~f; Naaol **741 1310 V*740 vno Aast«r4aa S023 0445 GA972 0040
        1,639 words
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      21 37 Ship safety standards the FOC myth View that open registers mean low standards diverts attention from sub-standard national registers. Pago 2
      21 words
    • Advertisement
      Page 37 Advertisements Column 2
      64 37 BA revamps long-haul economy class £150 m upgrading to be phased in over next 30 months on long-haul fleet of over 100 aircraft. Back Page Cairo or Congo. S.nlino schedules to I lit- Aliic.in (o 111 111 cn l 2 4 hours a day ill the Shipping (i uui iI
      64 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Page 38 Advertisements Column 1
      651 38 I iMpobY I SUPER SHUTTLE EXPRESS I GULF KARACHI EXPRESS (OKX) J5555 VOYAGE IGO SJN VKHI VOY JU dm MM I I lAH ~l 00Q AMERICA 21W542 21/10 M/ll OOCIUUfOIMA 31W543 20/10 IS/11 PtO NEDUOYD DAMMAM 32E 21/10 13/10 13/1# 25/10 31/10 t3/ll 07/11 00/11 WWS4< #4/ W/n SANttIAROAM OK
      651 words
    • Advertisement
      Page 38 Advertisements Column 2
      93 38 M -J SANKYU (S) PTE LTD I 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN POWTS Hons Kong ft All China Port* ievery thur a sun VESSEL! YtSSIL VOY ETD SIN HA TYO ETA KOI ETA YOU ETA WGO ETA
      93 words
    • Advertisement
      Page 38 Advertisements Column 3
      662 38 Lines services represented u A JHH ff Members of the 1-lQl'l v Members of the Registry of f*i Singapore Freight Forwarders Accredited Shipping Agents Association Sngapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM TORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE PrtawssLlh V 9698 02.11 •4/11 12/11 PrtocessUly V 9798 27/11
      662 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Page 39 Advertisements Column 1
      941 39 SAX SEBVKf (DWECT) vor swra ux an I poi I wou I la* Im—lmi lure <ftWQUOBi urn 04/11 if/n n/n a/n m/d 23/n «/n m/ii 25/11 25/11 mmamm «!<_ ZIISEZ ZSIZZ ZSIiZ ZHIL ZEZfc J!Z!ZZ ZSSIZ ZSZiIZ !ZSZZ ZSZEZ 51 $95 25/n 10/12 15/n 15/n i6/n n/n 10/n u/i? 17/u
      941 words
    • Advertisement
      Page 39 Advertisements Column 2
      1271 39 OHANJIN SHIPPING KANJIN shipping IS) PT[ ltd >» k* tm KK»ac JMIJSni SUB mm I* NOMt IWIII »< Man nm ki ua ima miMa« lisjflnxa I TO NW CANADA U(A 1 ™2Z 2, I l=7SS I"! |~|o. |-V| m mI m m NJ HOMC KMC 07S1 U Z\ Um m
      1,271 words
    • Advertisement
      Page 39 Advertisements Column 3
      326 39 mmmimTJ iPJ D PIPICATIP mVI c Lyirratme I«i ,c Im/ii I ,«/i 1 I 1.. I I I I I IWSS& AISO AtdFTWC OUtOO TO WT m m Qg M B ii g IB lUKTOTTM CM HTT HQ iSp IffWBilME fllil nai. -Ufli JgZtl- -10A1 M/ 11 11/11 11/11 14/11
      326 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Page 40 Advertisements Column 1
      1351 40 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANiCANADA «SStl VOT "sjjT" L£H HTM Mg HAM 18V IFU VESgI IvOY S»" PIT SK FOS W.C MTH~| THMXMAPIf WQB44 H.ll 2711 2111 2111 lt.ll Mll IM SHU WMMt M.ll 2311 2911 2711 2111 ■12 HAMJM WILMINGTON WNM6 It.ll 2711 2t.11 Xll 1112 1212 Ul2
      1,351 words
    • Advertisement
      Page 40 Advertisements Column 2
      977 40 p AM MAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC P. GUOANG: (07) *****26 1 fVv i ON NO* IMOS7WMOOB SJBU: (084) *****9 MANILA: (832)*****24 PENANG: (04) *****38 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MPN: (61) *****3 KUOMNG (082) *****1-3 PUSAN ETA SIN
      977 words
    • Advertisement
      Page 40 Advertisements Column 3
      591 40 LINE T«l4 MM4S* HUb t»MIH MUARA ~~1 LABUAN vissa voy etd eta vissa voy rn> eta STOtt MUMA SPORE UN SK2SS,, ®jj £JfiSS B Si!£!s! s um t K. KINABALU [~KUCHING vissa vot no ra vtssa voy etd eta SW* M SPOtI KOI CMA«AjNfrSVI<E/N SID N/11 .-or— r> m ini
      591 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      1286 41 VESSEL vov I SIN 1 SIP PKO PCM PQfl DUB I SMJ |BA I BIK IRAN MATIN PJL 1319 15/11 24/11 25/11 27/11 NUNHESAM PJL 1320 27/11 24/11 07/12 00/12 IRAN BAKERI PJL 1321 03/12 12/12 13/12 IRAN TAKHTI 00/12 10/12 20/12 IRAN SATARI 14/12 24/12 25/12 IRAN QHEYAMAT 19
      1,286 words
    • Advertisement
      Page 41 Advertisements Column 2
      1582 41 DIRECT TO ISRAEL I IN 13 DAYS I EVERY THURSDAY "1 I 6 SHINTON WAY Til: 226 1990 FAX: *****04 OUTWARD (I/l) h TT2o?M?^OHO«Omcr i,,, """""l s®*™ SHAPING PTI LTD #17-01 DBSKDG SAIIS/MGS 4205*57/60 INWARDDIfT(D/0) *****85 COSTAI AGENCIES (M) SDN BND 02-07-*****70 V5l/W Issr W w no am sw vsi/wr
      1,582 words
    • Advertisement
      Page 41 Advertisements Column 3
      668 41 •i-j-, EASTERN CAR UNER, LTD. \V_fe ECL (SINGAPORE) PTE LTD 1 SPECIALIZE IN ROUP C HEAVY LIFT UPTQ 45QTOMsl Kl (SllfctfOßE) ffE UP LOADING FOR BANGKOK/LAEM CHABANG CHITTAGONG/CALCUTTA/CHENNAI MV "ORIENT UIAC" V.16 MV "TRONO" V.l 35 ETA SIN 04/11/98 ETA BKK 07/11/98 ETA SIM 06/11/98 ETA YGN 11/11/98 ETA CTG
      668 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      1250 42 I EUROPtAIKySCAWDINAVWFIWUWD/RUSStA I S6P ROM ANW HBG TMP ZEE LHV I LMV THP ROM ANW HBG* PKL SGP I I I £cKr*Jv R .J£ £L 07/11 27/11 02/12 20/11 30/11 01/12 02/12 E BEPUTERIOI6 00/10 09/10 13/10 lint 11/10 05/11 00/11 I OBJBHT BW-000 15/11 04/12 09/12 05/12 07/12 00/12
      1,250 words
    • Advertisement
      Page 42 Advertisements Column 2
      1016 42 ADVANCE CONTAINER LINES (PTE) LTD API 140 Cecil Street, #124)0, PIL Building, Singapore *****0 _MvLl TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 IAIWKOK JAKARTA (WMkly 5 Slgs PM/I Sift LCH/1 Sl| BUT) (I Sallta«s/WMt) Vtssa I VOT I «N I UK VBSa I
      1,016 words
    • Advertisement
      Page 42 Advertisements Column 3
      576 42 (fa. NANTAI LINE FUUY CONTAINER ISIO SERVKZJO MAURITIUS SOUTH AFRICA vessel vot sm rtu out m en n mnAiPtwg Y.O2SS os/11 if/11 n/11 23/11 muivHws Y.030S ~u7Ti~ ?i/ii "ts/H" n/11 w/n" o?/i? 60LDBIDtAGOM t(WS 71/11 30/11 04/1? 07/1? M/lT WAIfIAJ PWWCESS KHSS W/ll 14/1? 17/1? 11/1? wroiooai wis 09/1? lt/i?
      576 words
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Page 43 Advertisements Column 1
      469 43 BSA n. WK!IfTS! I ST| I VSVVp97f!S9!^^V mm MYANMA \BBttk FIVE STAR UNE (MyiiMr Hationol Line) Loading foe Yaagon (Raagooa) vessel vor sin pkl pen pgu PINYA 157 SID srrrwi S3w 12/11 liunu AGOfTS: BOUSTEAD SHIPPING AGENCIES KUL TO (03)*****00 PKL TO (03)37M101 Kit TO (04)2****** KU: TO (07) *****21/4
      469 words
    • Advertisement
      Page 43 Advertisements Column 2
      1468 43 HMMO HYUNDAI MERCHANT MARINE CO., LTD. ivtssa vorlSi 1 sou lbi rim ami ham brv toHivbsb voti sou iw |wi Am i hami Iww I m. I Wl NOICORAI 004W M/ 11 20/11 27/11 22/11 24/11 HYEMPStOR 3141 14/10 21/10 TTTIO 20/10 0771T HYMGHNESS JI4W D 9/11 2S/1I 2*/ll 20/11
      1,468 words
    • Advertisement
      Page 43 Advertisements Column 3
      892 43 V nonwegian ydafaad ouKxamtn G®® 3 TO NORTH AND LATIN AMERia "RORO HEAVYLIFT SERVICE* [VESSEL VOY RAMP HEIGHT SIN LAI CKL XUA SAV ML Off MYC NEW MM URO9GA F822 400 Toms 6.3 M 10/11 10/12 197*2 *****" 24/11 24/12 27/12 28/12 02/01 05/01 TAIKO F123 400 Ims 6.3 M
      892 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      814 44 BANGKOK/ MAP TA PHUT/ LAEM CNABAMO] J A K ART A/PA N J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT WM BAN! BHUM 122N In Pt 06/11 07/11 GURU BHUM 102 SB ~ln Pt 06/11 MATHU BHUM 388N 07/11 11/11 DEJA BHUM 772S 07/11 11/11
      814 words
    • Advertisement
      Page 44 Advertisements Column 2
      532 44 INDONESIANAriONAnN^^ W VOT T S'HWt |*'DMI/fDUI|riUW IWUMM ImTWaf 1 AKSStI H/ll I H/H I QUIT I M/ti TO AUSTRALIA "1 FULL COWT3UMER SgRVICg va Ivor! he mi 1 11 ctb Inajmm I m. I mnwr on lts/iU7/nlis/n »/n p/11 tt/n »/n mwmm m ii/iiu/»il ts/np/n 39/11 l*/n msuau 145 H/ii
      532 words
    • Advertisement
      Page 44 Advertisements Column 3
      977 44 -Y2Y P* o MLA QOA LEH RTM HAM ZEE BOT VUfOEVWQO S2flW 12/11 25/11 01/12 (XVI 2 04/12 08/12 07/12 VU-E DC VELA WW 18/11 16/11 30/11 02/12 07/12 o(yi2 06/12 11/12 Wtt VIIEOE SHANGHAI K2BW 24/11 »11 07/12 06/12 14/12 ~Tyi2 W& Wl2 iSRF" VK-LE tyORION |Y2BW 01/12 02/12
      977 words
Page thumbnail Page 45
  • Page 45 Advertisements
    • Advertisement
      Page 45 Advertisements Column 1
      42 45 DIRECT SERVICE TO INDONESIA /J PT. Pelayaran Meratus HU^Ms Check It Out Page 6 On Page 13 New Service To Shanghai direct service to Calcutta I W 1 Wan Hai LmeS 07V1 Shipping^ Page 5 p a g e 12 (Mon/Wed/Fri) 1
      42 words
Page thumbnail Page 46
Page thumbnail Page 47
  • Page 47 Advertisements
    • Advertisement
      Page 47 Advertisements Column 1
      53 47 VbTal STEjjTfc Dial 740-6000 on demandl —mU (Retrieve more schedules!) Siy4 Press "1" C Select the port and key in 5 the four digit code —eg: To New York (NYC) 2275 m Key in your fax number your phone number Another innovative service offered by The document Will be shipping
      53 words
Page thumbnail Page 48
  • Page 48 Advertisements
    • Advertisement
      Page 48 Advertisements Column 1
      134 48 i free Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: _Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISERiPRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
      134 words
Page thumbnail Page 49
  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      116 49 LEGEND R Thunderstorm Temper oture e^ V Shower Weother -V Wind direction with speed in knot* Rom Cloudy Sky Wove height Surfoc. wind* ore indicated by arrows wtiich Hy with the wind Qy One <u« circle represents calm or kght and vonoble winds J— One hoH Heche represents 5 knots
      116 words
Page thumbnail Page 50