The Business Times, 12 November 1998

Microfilm: NL21355
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 MITA(P) 110/12/97 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, NOVEMBER 12, 1998
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  • Article
    MARKET SUMMARY
    65 1 HI U3M2 (+64.76) piK-su U ***** (+33.81) SMSCIFUTUIES 182*7 (+10.44) gyMOIET MOOD: STOCK HAEKET INDICES Wednesday Change KLSECOMP .476.12 +8.58 NIKKEI 14,428.(8 +***** HANGSENG 10,***** +415.99 SET INDEX ***** +19.64 JAKARTA COMP 363.01 +5.71 MANILA COUP 1,70*23 +71.13 TAIPEI WPI 6,654 79 -I57il SEOUL OOMP 400.70 254 LISA
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  • Article
    FINANCE
    77 1 FOBEX BATES uss ss US$ 1648 £(1JS$/S$ per 1.666 2.730 H.¥ 1.681 0.981 YEN 121.1 1.361 RM 1800 0.434 HKS 7.744 0.213 BAHT 36.66 0.045 Rl'PIAH 7,700 0.021 'St torn untts PUME BATES SINGAPORE* 6.96 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA .22.90 HONGKONG 10.26 TAIPEI i 8.80
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  • Article
    S'pore stocks soar 5.5% in stunning comeback
    289 1  -  By R Sivanithy [SINGAPORE] Singapore stocks yesterday brushed off worries over whether their recent rally could be sustained and staged a stunning comeback. The 5.5 per cent recovery in the Straits Times Index led a region-wide recovery, along with a 4.3 per cent
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  • Article
    Lock icon Touch-and-go for Dow
    65 1 AFP (NEW YORK) The Dow Jones Industrial Average looked to be on track to break its two-day slump in early trading yesterday, rising about 50 points within the first hour of trading. But by noon EST, it seemed more like touch-and-go as the blue chips index yielded
    AFP  -  65 words
  • Article
    Committee plumps for $10b broad-based plan to cut costs
    829 1  -  Bulk of redactions from wages and GPF, including a 10-point cnt in employers' rate By Audrey Tan [SINGAPORE] The Committee on Singapore's Competitiveness (CSC) yesterday proposed a wide-ranging package to slash business costs by $10 billion a year, with an estimated
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  • Article
    Cost cuts welcomed, but package can't please everyone
    557 1  -  Bui Jennifer Lien, Siow Li Sen [SINGAPORE] Businessmen largely welcomed the Committee on Singapore's Competitiveness' package of recommendations yesterday, but as expected it could not please everyone on every point. Chay Yee Meng, chief financial officer of mainboardlisted Nat Steel Electronics, welcomed
    557 words
  • Article
    Ex-MAS chief Pillay heads committee on SES-Simex merger
    356 1  -  liy Catherine Ong [SINGAPORE] J Y Pillay, Singapore's High Commissioner to the United Kingdom and former managing director of the Monetary Authority of Singapore (MAS), will head a pro-tem committee to oversee the merger of the Stock Exchange of Singapore (SES) and
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      103 1 wsmE g Peter Young, the former Morgan Grenfell Asset Management fund manager at the centre of UK's biggest fond scandal, appeared at a court hearing, wearing a beige skirt and high heels, and clutching a pink handbag, Ps 12 BIL tirectars ani Brierley Investments Ltd shareholders voted out three directors,
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      113 1 A strategic response Recommendations of the Committee on Singapore's Competitiveness For tha fcrisis at hand For the long-term Cut costs Promote both P- Tap technology innovation Improve access to as compel .cote capitaj ancJ services Optimise scarce resources 1,16 > climate 3 Pr<>bUS,neSS Build up capabilities Diversify trade markets Strengthen
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      4 1 Market reports, Pg 26-30
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  • COMMITTEE ON SINGAPORE'S COMPETITIVENESS
    • Article, Illustration
      Lock icon NTUC says proposed wage cuts are equitable
      615 2  -  Equal cuts for govt, workers as both non-wage, wage costs will fall by 15% Hy Carol Eng THE proposed wage reductions of about $7 billion are equitable, as both workers and the government will share equal cuts in relative terms, the National Trades
      CHRIS LOH  -  615 words
    • Article
      Towards an advanced economy
      366 2 AN advanced and globally competitive economy within the next decade, riding on the twin engines of manufacturing and services. That's the vision of the private sectorled group that has charted out Singapore's latest economic blueprint. "We should be a knowledge economy where the basis for competitiveness
      366 words
    • Article
      Panel zeroes in on 3 key challenges in fast-paced world
      486 2 Advantages eroded by IT advances, catch-op by others TRADE barriers have tumbled. The tussle for investments has intensified, with emerging economies outside Asia catching up rapidly. These and other global trends pose both challenges and opportunities for Singapore, says the
      486 words
    • Article, Illustration
      Cost-cutting packs wallop but treads delicate line
      720 2  -  COMMENTARY Measures must encourage prudence, yet not mi consumption Patrick Daniel IT took a long time to come, but when it came it packed a huge wallop. The package of cost cuts proposed by the Committee on Singapore's Competitiveness (CSC) totalling $10 billion
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    • Article
      Bulk of cuts from tax rebates
      560 2  -  Only specific cnts proposed are in foreign worker levies By. Anna Teo THE bulk of the cuts in nonwage costs proposed by the Committee on Singapore's Competitiveness (CSC) is likely to come from an extension of tax rebates and lowered foreign worker levies. The
      560 words
    • Article
      CSC measures will help steer S'pore through crisis: PM
      343 2  -  He commends panel for setting ont clear vision, strategies By, Audrey Tan THE cost-cutting measures recommended by the CSC will help navigate Singapore safely through the crisis, Prime Minister Goh Chok Tong said. In a letter to the Committee on Singapore's
      343 words
    • Article, Illustration
      Lock icon Strategies to stay competitive
      766 3 Proposals of the Committee on Singapore's Competitiveness RULC: relative unit labour cost (in US$ terms) against the other Asian NIEs Source: MTI Tackling the downturn Cut costs Improve access to capital Maintain investor confidence Build up capabilities Diversify trade markets Seize regional opportunities fflueprintfor tile long-term
      Source: MTI  -  766 words
    • Article
      Lower GST exemption limits for daytrippers to help retailers
      268 4  -  RETAIL Carol Eng GIVE the ailing retail sector a helping hand by cutting the tax exemption limits for daytrippers away for fewer than 24 hours, the Committee on Singapore's Competitiveness (CSC) recommends. The "rather generous" goods and services tax exemption limits
      268 words
    • Article, Illustration
      Lock icon Group tax consolidation proposed for manufacturers
      460 4  -  MANUFACTURING Other ideas include withholding taxes on interest and doable tax perks Jennifer Lien WITHHOLDING taxes on interest, royalties and non-resi-dent contractors as well as allowing group tax consolidation are among the more notable recommendations of the Committee on Singapore's Competitiveness for the manufacturing
      FILE PHOTO  -  460 words
    • Article
      Help contractors cut dependence on labour
      183 4 CONSTRUCTION PROVIDE incentives to encourage the use of buildable design in the construction sector, says the Committee on Singapore's Competitiveness (CSC). This will help reduce its dependence on labour and raise standardisation and automation, says the CSC, adding that the incentives could come under
      183 words
    • Article, Illustration
      Lock icon Review pricing mechanism for industrial land
      461 4  -  SCARCE RESOURCES Factor in global competition when setting prices By- Ang Wan May INDUSTRIAL land cost in Singapore is high compared with other countries. To remedy that, plot ratios should be raised, differential premium cut and Jurong Town Corp's land rent hikes reined in.
      FILE PHOTO  -  461 words
    • Article
      GLCs' new role: Lead transformation into WCCs
      479 4  -  WORLD-CLASS COMPANIES They are urged to pay competitively to draw foreign and local talent By< Carol Eng GOVERNMENT-LINKED companies (GLCs) should recruit foreign talent and experienced private sector personnel at all levels, as well as "generously" use stock options and bonuses to retain
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    • Article
      Firms should go further afield, beyond region, to diversify risks
      225 4 EXTERNAL WDVG BESIDES the surrounding region, firms should tap opportunities further afield in places such as Latin America, Eastern Europe and South Africa. "Tapping into different regions will help us to achieve efficiency in resource allocation and diversify risks from
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    • Article
      Ad blitz urged to sell services hub
      438 4  -  SERVICES Proposal also to cat government agency fees and taxes By. Ang Wan May LOWER government agency fees and taxes and mount a big advertising campaign to promote Singapore as a services hub. These are just two of the recommendations put forward to
      438 words
    • Article
      Create CPF account for life-long learning
      335 4 MANPOWER CREATE a fourth account in the Central Provident Fund (CPF) individual skillsave account to provide a pool of individual training funds, says the Committee on Singapore's Competitiveness (CSC). While the employer-based Skills Development Fund training system has worked well, CSC says it may
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    • Article
      Two-pronged plan to boost technopreneurship
      293 4 TECHNOLOGY A INNOVATION THE Committee on Singapore's Competitiveness (CSC) has proposed a two-pronged strategy to boost Singapore's science, technology and innovation efforts for it to catch up with countries like Switzerland. Korea and Japan. First, Singapore should work on its research capabilities not just at
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      41 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 (ib pcs §flHHf
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Retailers see cold Christmas
      741 5  -  Bnt it's expected to get frostier next year with wage cats By Carol Eng RETAILERS expect a poor showing from Christmas sales this year, but most foresee the real whammy hitting only next year when the effects of wage cuts descend like a frost. Recommendations by
      SIEW YAW HOONG  -  741 words
    • Article
      S'poreans quick to accept electronic cash payment
      663 5  -  Solid infrastructure, mass use like ERP account for success By < Clarissa Tan EVERYDAY, around 5,000 transactions in retail outlets around Singapore are made using smart cards figures which suggest that electronic cash will catch on quicker here than in techie haven, the
      663 words
    • Article
      Asia doubles returns from US direct investments to US$5.5b
      612 6  -  S'pore lost USssm on 1997 investments against loss of USssBm in 1996 Chuang Peck Ming ASIA'S income from direct investments in the United States more than doubled to US$5.5 billion (Ss9 million) last year, resulting in the highest rate of return
      612 words
    • Article
      SP opts out of bid for UK power firm
      483 6  -  But it's still in the running for Victoria's CitiPower By 1 Ronnie Lim SINGAPORE Power (SP), touted to be among the leading contenders for two power distribution companies one in the UK and the other in Australia being sold by their
      483 words
    • Article
      Lock icon S'pore signs pact for US naval ships to berth at Changi base
      300 6 The Straits Times [WASHINGTON] Singapore and the US have signed an agreement to let American naval ships berth at the future Changi Naval Base an enterprise that will enhance both sides' strategic bonds and send out a positive
      The Straits Times  -  300 words
    • Article, Illustration
      Lock icon More manufacturers pessimistic
      318 6  -  EYE ON THE ECONOMY Manufacturing By Marissa Chew MOST manufacturers expect they will be singing the blues into March next year, the latest quarterly business expectations survey by the Economic Development Board shows. A weighted 59 per cent of the 361 manufacturers surveyed expected their business situation
      Source:  -  318 words
    • Article
      ITT Ind chief spells out merits of de-merging giants
      506 6  -  By\ Louis Beckerling TO merge or demerge? That is a capital question. So says a man who took the helm at one of the companies spun off during the boldest demerger of its day the splitting of American giant ITT Corporation
      506 words
    • Article, Illustration
      Chretien arrives tomorrow for first official visit
      223 6 CANADIAN Prime Minister Jean Chretien will be visiting Singapore from tomorrow till Nov 16. This is Mr Chretien's first official visit to Singapore, and it is the first visit by a Canadian prime minister since Brian Mulroney's visit in 1989. Mr Chretien will
      223 words
    • NEWS Roundup
      • Article
        Parliament to sit on Nov 23
        36 6 PARLIAMENT will sit on Monday, Nov 23, at 12-90pm, the Clark of Parliament announced yesterday. The House is expected to debate on the recommendations of the Committee on Singapore's Competitiveness.
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      • Article
        MOH adopts Aussie system for subsidies
        61 6 THE Ministry ofHealth has adopted the Casernix Classification system to give a higher subsidy to illnesses requiring more resources and to allow Medisave limits to vary based on a patient's medical needs. Based on the Australian National Diagnosis Related Groups, the system groups patients
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      540 5 Saturdays Personal Finance Investment by Shiv Taneja THEBI'SINESSTIMFS fj T 7 |D I KbJ y' f pif B y y l| M ~> .T I(Ps«V- If- y HHIHMMiTiri'iT i &w- B"SOW STYLUS cadm I if J? y* f I don't think in black and white. ffSOH STYLUS I don't do
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      565 7 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Oct 3 and Nov 7, 1998. Protect Name/ Prop Contract Tenure Built-in/ Price PSf Street Name Type Date Lane Area (Sq Ft) (SS000) (S$) District 11 Non-Landed Hillcrest Arcadia Apt 7/9/98
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    • Article
      Value of property is only on paper
      257 7  -  LETTER TO THE EDITOR Yue Keng Mun I REFER to your report "Property slump seen spelling danger" (BT, Nov 11) and to Augustine Tan's comments regarding the negative impact of property prices. Dr Tan said that with 80 per cent of the Singapore
      257 words
    • Article, Illustration
      Lock icon Tougher times for condo landlords
      554 7  -  With several huge projects coming onstream, owners face a hard choice rent out at low rates or sell at a loss Elaine Koh [SINGAPORE] THE past few months have seen the completion of several massive projects, with many bunching up in Upper Bukit Timah. This
      FILE PHOTO  -  554 words
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      70 7 FACTORY FO y R SALE KWONG MIN ROAD, JURONG Type C 3 with extension Built-in 25,000 sq ft Land Area 50,000 sq ft Tenure 60yrsfrom 1 March 1968 Sold with vacant possession Sole Marketing Agent Knight Frank Pte Ltd *****94 228 7334 FREE! If you have found something, you can
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      233 7 *$m W t> ;< yw» mm II fj ?j f*Y &vi*^* > vt? < Technically speaking. Fraser Suites isn't a concert hall or amphitheatre. Certainly, its designers didn't design it for a mass audience in mind. Rather, as a premium serviced residence for the discerning corporate traveller. That, however. y
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Asian banks still a long way from NPL peak: analyst
      379 8 Reuters [SINGAPORE) Non-perform-ing loans (NPLs) in Asia's banking system have yet to peak and will not be purged easily, a Merrill Lynch analyst said yesterday. "The consensus at the moment is that the NPL peaks will be achieved soonest in
      Reuters  -  379 words
    • Article
      Correction
      33 8 IN yesterday's report on the Asian Development Bank's symposium on Insolvency Law Reform in Asia, we gave the wrong telephone number. The correct number is 535-1944. We are sorry for the error.
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    • Article
      Lock icon Chuan to urge Dr M to ease KL capital controls at Apec
      186 8 AFP [BANGKOK] Thai Prime Minister Chuan Leekpai is expected to urge his Malaysian counterpart Mahathir Mohamad to relax new capital controls during A pec talks next week, a government spokesman said yesterday. Malaysia incurred international criticism when it
      AFP  -  186 words
    • Article
      Lock icon Philippines, IMF to discuss new targets
      172 8 AFP [MANILA] The Philippines is to discuss with the International Monetary Fund possible revisions to its economic growth targets for next year, officials said yesterday. Gross national product (GNP) and gross domestic product (GDP) growth targets "will be discussed on Friday", central bank governor
      AFP  -  172 words
    • Article
      M'sia's AMC to buy RM11.2b bad loans from 11 banks
      545 8  -  Hove will cut industry NPLs by 36%; may help banks to start lending From Meera Tharmaratnam in Kuala Lumpur BAD loans agency Asset Management Company (AMC) announced plans yesterday to buy out 11.2 billion Malaysian ringgit (Ss4.B billion) in non-performing
      545 words
    • Article, Illustration
      World Bank pledges to work with Japan to resolve crisis
      601 8  -  From. Anthony Rowley in Tokyo WORLD Bank president James Wolfensohn last night pledged the Washingtonbased development institution will cooperate with Japan to help solve the Asian economic crisis through measures aimed at restoring growth, stabilising the private sector and helping
      601 words
    • Article
      Tarrin expected to push banks to recapitalise
      585 8  -  He may threaten them with nationalisation f-Yom Harish Mehta in /kingkok THAILAND'S reformist Finance Minister Tarrin Nimmanahaeminda is expected soon to deliver an ultimatum to nationalise some troubled commercial banks unless they make a written commitment to join a state-funded restructuring and recapitalisation
      585 words
    • Article, Illustration
      Lock icon Asia-Pacific to grow 1.9% in 1999, forecasts PECC
      381 8 This will follow meagre 0.7% growth this yean think-tank Reuters [KUALA LUMPUR] The AsiaPacific region will post modest growth of 1.9 per cent in 1999 after a scant 0.7 per cent rise in 1998, an economic think-tank said yesterday. In a mid-year
      Reuters; REUTERS  -  381 words
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      31 8 TI 1-1 -ir rfjfflTlCWWin r i«y rS i t «i £i iinwpuurr i»n~- f imi« j y M j M J i tf§JS^M«[sf£-82™* i Wj|tilPnO|fC Offtheculf 'j| |9mJvIAA UUhya byJaimeEe TheßusinessTimes
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon MPR mulls Suharto probe decree
      635 9  -  Thousands of student protesters call for Habibie to quit; troops fire warning shots in clashes fiYom Shoeb Kagda in Jakarta INDONESIA'S highest legislative body yesterday began discussing the possibility of issuing a decree to investigate the wealth of former president Suharto as thousands of students
      REUTERS  -  635 words
    • Article
      Lock icon Military won't give up political role: Wiranto
      152 9 JAKARTA AFP THE Indonesian armed forces will not give in to a mounting demand that it relinquish its role in politics, including its presence in parliament, military chief Wiranto said yesterday. Speaking to journalists on the sidelines of a special session of the
      AFP  -  152 words
    • Article
      Lock icon Focus on graft charges, judge tells defence
      416 9 ANWAR'S TRIAL Reuters (KUALA LUMPUR] The judge in Apwar Ibrahim's trial told defence lawyers yesterday to refrain from trying to prove the sacked finance minister was the victim of trumped-up charges and to focus on the corruption case. In an apparent setback to
      Reuters  -  416 words
    • Article
      Lock icon Japan aid for Asian fisheries, forestry
      190 9 TOKYO AFP JAPAN, seeking support for its refusal to cut import tariffs on fishing and forestry products, plans to give millions of dollars of aid to the two industries in Asia, officials and reports said yesterday. The support will be announced at the Asia-Pacific
      AFP  -  190 words
    • Article
      Lock icon Philippine ships to fire warnings
      96 9 MANILA AFP PHILIPPINE navy ships patrolling disputed South China Sea islands have been ordered to fire a warning shot if any Chinese vessel ventures too close, the country's military chief said. President Joseph Estrada on Tuesday ordered increased navy and air force patrols around Mischief
      AFP  -  96 words
  • Page 9 Advertisements
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      290 9 ,u TheWrtd's floppy camera is now also the first to capture moving pictures and sound! And up to 60 seconds on a standard floppy disk. The new MVC-FDBI MPEG Movie Digital Mavica also lets you shoot up to 1500 digital stills (2 hours) on a single battery* charge. Superb clarity
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Housing sales in China up 65% in first 3 quarters
      321 10 SHANGHAI Individuals, rather than firms, form 75% of buyers: report AFP CHINA'S housing sales during the first three quarters of this year jumped 64.6 per cent year-on-year as reforms pushing residents to purchase their homes took effect, China Securities reported
      AFP  -  321 words
    • Article
      Lock icon HK govt may privatise assets to raise cash
      136 10 HONGKONG AFP THE Hongkong government will consider privatising assets such as railways and toll roads to help make up for a loss of income due to the economic slump, an official said yesterday. Treasury Secretary Denise Yue said the government will "give
      AFP  -  136 words
    • Article
      Lock icon Macau firm to convert aircraft carrier into hotel
      174 10 HONGKONG AFP A COMPANY in the Portuguese enclave of Macau has announced ambitious plans to turn a former Soviet aircraft carrier into a floating hotel and entertainment centre. The aircraft carrier Varyag will be converted into a HK$l.6 billion (*****.3 million) 600-room
      AFP  -  174 words
    • Article
      Sino Land launches project at prices below expectations
      625 10  -  Move seen as test of mood in the HE property market From Quak Hiang Whai in Hongkong IN what is seen by some analysts as a test of the mood in the Hongkong property market, Sino Land has launched its long awaited
      625 words
    • Article, Illustration
      Lock icon Chinese investors march in protest over scam
      354 10 BEIJING Reuters ANGRY investors cheated in a multi-million dollar futures market scam marched through Beijing yesterday in one of the boldest protests in the Chinese capital since the 1989 Tiananmen Square demonstrations. Police formed a human wall to keep up to 200 marchers
      Reuters; REUTERS  -  354 words
    • Article
      Lock icon Capital flight: China turns to Interpol
      211 10 m BEIJING Govt wants to stem high level of hot money flowing oat AFP CHINA has turned to Interpol to curb disturbing levels of capital flight out of the nation, and recovered US$54 million (SsB9 million) from Malaysia and South Africa, the China Daily
      AFP  -  211 words
    • Article
      Lock icon China shuts oldest sugar plant
      385 10 HONGKONG Factory has 700 m yuan in bad debts; 570 m yuan loss Bloomberg CHINA has shut its oldest sugar factory in the north eastern Heilongjiang province after it racked up bad debts totalling 700 million yuan (*****.6 million) and suffered losses of 570 million
      Bloomberg  -  385 words
    • Article, Illustration
      Size matters, now small's in, big's out
      726 10  -  CHINA WATCH SMEs account for 60% of Industrial production, hire 75% of the nrban labonr force By Lu Ning BEIJING'S industrial policy preferences sometimes can be as fickle as women's fashion. About this time last year, creating industrial conglomerates known as "aircraft carriers"
      726 words
    • Article
      Lock icon China to raise 3b yuan for roads
      279 10 SHANGHAI Reuters CHINA is expected to raise at least three billion yuan (***** million) for road construction through public stock offers in the next two months, the official China Securities newspaper said yesterday. Hubei Expressway, Northeast Expressway, Hunan Changyong Highway and Guangxi Wuzhou
      Reuters  -  279 words
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      89 10 Wc 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
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  • ASIA
    • Article
      Lock icon Most big Japan banks to ask for handouts: report
      452 11 TOKYO Each taking up to 500b yen; three still undecided about cheap funding AFP MOST major Japanese banks will ask for handouts of public money offered under new reforms to shore up their capital, a survey showed yesterday. Fifteen major banks
      AFP  -  452 words
    • Article
      Lock icon NZ allows armed guards for Apec leaders
      174 11 WELLINGTON AFP NEW Zealand will allow world leaders at next year's Asia-Pacific summit to have their own armed bodyguards but the protection will not have diplomatic immunity, Police Commissioner Peter Doone said yesterday. The issue has been a sensitive one in a country
      AFP  -  174 words
    • Article
      Lock icon Indian govt tracking down 'vanishing' firms
      281 11 NEW DELHI They are companies that disappear after listing on the market AFP THE Indian government is trying to track down more than 1,000 private companies which "vanished" after issuing shares on the stock market, a report said yesterday. The Indian Express newspaper said
      AFP  -  281 words
    • Article, Illustration
      Lock icon One-China policy stays, NZ assures China
      276 11 WELLINGTON AFP NEW Zealand retained its One China policy despite giving a Taiwan office here a status similar to diplomatic immunity, Foreign Minister Don McKinnon said yesterday. The government has declared the Taipei Economic and Cultural Office inviolable to search or interference. Mr McKinnon,
      AFP; FILE PHOTO  -  276 words
    • Article
      Lock icon India trims growth target to 6.5%
      277 11 NEW DELHI Current 5-year plan not on track, global economy slowing Bloomberg INDIA'S Planning Commission, which prepares the country's five-year plans, has scaled back its economic growth target to 6.5 per cent for the five years ending March 2002, from 6.7 per cent. The
      Bloomberg  -  277 words
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  • THE WORLD
    • Article
      Lock icon US officials paint sober picture of world economy
      619 12 WASHINGTON Plenty of time needed to restore growth and financial stability, they say Reuters OFFERING a sober assessment of the state of the global economy, top US officials warned on Tuesday it would take plenty of time and effort to restore growth
      Reuters  -  619 words
    • Article
      Lock icon UN moves staff out of Baghdad as US says it may strike
      270 12 BAGHDAD AFP MOST UN staff were evacuated from Baghdad yesterday to ensure their safety as Washington warned it could strike Iraq without warning for its defiance of the Security Council on arms inspections. The UN Special Commission (Unscom)
      AFP  -  270 words
    • Article
      Gingrich's fall may strengthen US economic nationalists
      520 12  -  Despite attacks on the administration, he was a stannch backer of free trade Pram Leon Hadar in Washington FOREIGN policy and trade issues, to be sure, did not play any role in determining the results of the recent mid-term elections to the US
      520 words
    • Article
      Lock icon World Bank hits out at falling foreign aid
      262 12 WASHINGTON AFP THE World Bank on Tuesday decried a steady decline in foreign aid to poor countries, now down to its lowest point in more than 50 years, and said even a modest increase in assistance could lift 25 million people out
      AFP  -  262 words
    • Article
      Lock icon US CEOs see pay top US$1m in 1997
      353 12 NEW YORK Most in the million dollar clnb are from 5 major industries Reuters US chief executive officers escaped unscathed from the global financial crisis that started 18 months ago in Asia as many saw their salaries and compensations top the US$l
      Reuters  -  353 words
    • Article, Illustration
      Lock icon Ex-City hotshot skirts it in court
      510 12  -  Former Morgan Grenfell fond manager turns np for fraud hearing in drag hYom, Neil Behrmann in Ijondon IT was the fraud hearing of the century, or at least the most bizarre court appearance in a City of London court. Peter Young, formerly a fund
      REUTERS  -  510 words
    • Article
      Lock icon UK economic growth to decline in 1999: central bank
      407 12 LONDON Inflation to rise slightly but British recession unlikely, it says in report AFP BRITAIN is to see lower economic growth and a slight increase in inflation next year, but is likely to avoid entering a recession, the Bank of England
      AFP  -  407 words
    • Article
      Lock icon Defence aims its fire at Intel
      350 12 THE MICROSOFT CASE Tensions surface in lawyer's bid to discredit testimony Bloomberg [WASHINGTON] Deep tensions between Microsoft Corp and Intel Corp surfaced at the software giant's anti-trust trial as a defence lawyer tried to discredit the testimony of a senior Intel executive. Microsoft defence
      Bloomberg  -  350 words
    • Article
      Lock icon Clinton warns against steel dumping
      261 12 WASHINGTON Bloomberg PRESIDENT Bill Clinton warned US trading partners against dumping low-cost products on US markets. "Free trade must also be fair trade," Mr Clinton said Tuesday in an address to the President's Export Council a group of US business executives and academics who favour
      Bloomberg  -  261 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon New Bretton Woods is not the answer
      606 14  -  THE BOTTOMLDVE OPINION By Otto Graf Lambsdorff The writer, a former West German economics minister, is chairman of the Trilateral Commission's European Group, which held its 1998 meeting last weekend in Stockholm IHT THE first time I heard the word "trilateral" was 25
      IHT  -  606 words
    • Article
      IN OTHER WORDS
      188 14 'I love e-mail. I think it is changing the world. The problem is somebody can take it out of context and use it against you, and we have to guard against that' -Jeff Boos Amazon's founder and chief executive, who has ordered that some communications should not
      188 words
    • Article
      World Bank needs to fill funds gap
      658 14 EDITORIAL PLUSH with new resources, the International Monetary Fund (IMF) will soon announce a major financial package to shore up Brazil's economy. This is supposed to be a preemptive strategy that will prevent other Latin American dominoes from falling, and it is supposed
      658 words
    • Article, Illustration
      Lock icon IMF answers its critics
      1036 14  -  At times, discourse has lost sight of the facts-and the true significance of the proposed remedies By. Michel Camdessus LAT-WP THE International Monetary Fund (IMF) has come under heavy criticism in recent months both for its handling of global financial contagion and its proposals for defending
      LAT-WP; FILE PHOTO  -  1,036 words
    • Article, Illustration
      Lock icon American politics: a case of celebrity over substance
      1009 14  -  WHAT THE OTHERS SAY By Thomas Boswell The Washington Post FOR 16 years Skip Humphrey, the grandson of Hubert Humphrey, worked as attorney general of Minnesota. Six months ago, after battling big tobacco in court for four years, Mr Humphrey won a
      The Washington Post  -  1,009 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      501 15 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. **********6 Where to wine, dine and flsasr 'tEESSJSfiff SPJISfisS For a karaoke with a difference, visit Singsation Theme Karaoke with its 18 themed KTV rooms. Company functions can be held at its Main Hall or Corporate Hall
      501 words
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      Page 15 Advertisements Column 2
      103 15 I <8? >• Savour Revolvii| Restaurant i^aplcuisine with Sous Chef wmk Manfred Grossman at Top (rftbe'Myl^HHllllH Revolving Restaurant, Reservations: 831-6258/88 ■—32— Mandarin Suufa/xmr 333 Orchard Road, Singapore *****7 Tel *****11 Sat Sun 12 noon to 5:30 pm Adult $18.80 Child $9.40* Enjoy a leisurely Buffet Lunch that stretches into High
      103 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      821 15 TV&RADIO Fi imifaii ii M by The Mask. 3£o Super Concert. 5.30 Spider-Man. 4.45 Beautiful People. I?H. oval tions. 6.00 News 5 Today followed 5.15 Highland Ladies. 4.00 Kidz Blitz: Sesame by Wheel of Fortune. 5J35 majin Hero Wataru. n. 6.30 The Pyramid Game. Efl| .iiMBflW 5.00 Popular Mechanics tor
      821 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      264 15 CRYPTIC CROSSWORD ACROSS 1 Australian miner (6) p P P I P I p 4 To dance with Dorothy is a flfl regular pattern (5.3) 8 Ridiculed after being promot- 9 Cardinal distinction (8) 10 Vile Rose somehow remains 10 I I I on top (8) 11 Only an ass
      264 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Between frog and Newt
      862 16  -  Watching an A llyMcßeal episode on a pet frog and another programme showing outgoing Speaker Newt Gingrich on Monday, maubeendowd develops a meaningful relationship with her TV remote control MAUREEN DOWD ONE show was about a frog. The other, a Newt. I was trying to watch
      REUTERS; FILE PHOTO  -  862 words
    • Article, Illustration
      Lock icon Relief as Oprah takes knocks
      608 16  -  PEOPLE New film fails to draw audiences and viewers at home tune out TV movie By: Brian Lowry LAT-WP [LOS ANGELES] Diane Sawyer, in a fawning interview timed to coincide with the release of Beloved, introduced Oprah Winfrey as "a woman who can pretty much
      LAT-WP; FILE PHOTO  -  608 words
    • Article
      Lock icon Pardon me, Mr President, but your nose is showing
      207 16 CONSUMER PRODUCTS Bridge News [SEATTLE] A watch that has a profile caricature of Bill Clinton on the dial with a nose that triples in length is available as a gift for anyone who has a humorous outlook on the current political
      Bridge News  -  207 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon HPL, Ong Beng Seng slash Planet Hollywood stake
      423 17  -  $12m gain from sale of shares to firm believed to be owned by Saudi prince By Ang Wan May [SINGAPORE] Hotel Properties Ltd and businessman Ong Beng Seng have sold close to half of their shares in Planet Hollywood International Inc for
      FILE PHOTO  -  423 words
    • Article
      Mercer defends CPF unit trust risk system
      497 17  -  Fnnd managers' grouses seen as commercially motivated By Shiv Taneja [SINGAPORE] Investment consultant William Mercer has vigorously defended the risk classification system it developed for the Central Provident Fund Board, suggesting that a lot of the grouses from the fund management industry were
      497 words
    • Article
      CPF risk classification system — brochures alone won't do
      577 17  - CPF risk classification system brochures alone won't do HOCK LOCK SIEW Shiv Taneja INVESTMENT consultancy William Mercer had a difficult task on its hands when it was picked by the Central Provident Fund to put together a risk classification system for CPF-ap-proved unit trusts. This system is central to the
      577 words
    • Article
      East Tech allots 63% of IPO to smaller investors
      331 17 Biggest group of successful applicants are those who wanted 2-9 lots [SINGAPORE] Smaller investors have received the lion's share, or about 63.2 per cent, of the 5.5 million shares that Eastern Asia Technology offered the public. The single biggest group of
      331 words
    • Article
      KepMarine raises Penguin stake
      175 17 Share swop ups stake in ferry operator by 11% KEPPEL Marine Industries has exchanged 5.19 million of its shares valued at $5.71 million for an additional 11.03 per cent stake in ferry operator Penguin Boat International. With the additional 22.05 million shares, Keppel Ma- rine now
      175 words
    • Article
      DBS' SIA warrants 2.9 times subscribed
      181 17 [SINGAPORE] DBS Bank's maiden issue of covered warrants aimed at the retail investor was 2.9 times subscribed at its close yesterday. The Singapore Airlines warrants, of which three million were made available to small investors, attracted 3,362 applicants seeking 8.58 million certificates. Another eight
      181 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Tenaga debt swap may backfire, say analysts
        458 18 Converting from US$ to yen-based debt adds to uncertainty for investors Reuters [KUALA LUMPUR] A move by Malaysian power utility Tenaga Nasional Bhd to convert a substantial portion of its US dollar debt into Japanese yen could backfire, analysts warned yesterday. Tenaga said
        Reuters  -  458 words
      • Article
        Computer monitor maker sues Fu Yu for $8m
        302 18  -  By] R Sivanithy [SINGAPORE] Plastic injection moulding firm Fu Yu Manufacturing is being sued for $8 million in damages, according to a writ filed in the High Court last week. The writ of summons was dated Nov 3 and was served on
        302 words
      • Article, Illustration
        Lock icon First Pacific poised to launch PLDT takeover
        510 18  -  Deal expected ill a week after HE firm admits to acquiring a strategic stake From, Al Labita in Manila HONGKONG-LISTED First Pacific Co Ltd is poised to launch what has been dubbed the Philippines' largest ever corporate takeover the acquisition of telephone utility
        FILE PHOTO  -  510 words
      • Article, Illustration
        SingTel beefs up presence in Australia
        410 18  -  Prom Russell Baker in Sydney SINGAPORE Telecom is building up its presence in Australia as part of a regional strategy to offer a "one-stop shop" service to multinational companies operating throughout the Asia-Pacific. Visiting Australia for the official opening of SingTel's Sydney office, president
        410 words
      • Article
        NEL to buy into three distributors
        440 18  -  It will spend $8m initially, up to $42m in the next 4 years By. Annette Pau [SINGAPORE] Contract manufacturer Nat Steel Electronics (NEL) will spend $8 million next year to buy stakes in three electronics distribution companies in Singapore, Malaysia and Thailand to further
        440 words
      • Article
        Lock icon Stronger baht helps firms post profits
        181 18 Bloomberg [BANGKOK] Siam Cement pic, Thailand's biggest industrial group, has the baht to thank for a return to profit in the third quarter. Like many other debt-lad-en Thai companies National Petrochemical pic and Sahaviriya Steel Industry pic among them Siam Cement's foreign debt has
        Bloomberg  -  181 words
      • Article
        TA Enterprise plans 2-call rights to raise RM582.5m
        332 18  -  From Ruth Wong in Kuala Lumpur TA Enterprise plans to tap the equity market for up to 582.5 million Malaysian ringgit (*****.5 million) through a rights issue payable in two calls on the basis of four new shares with four warrants attached
        332 words
      • Article
        Lai Sun Devt's net profit slumps 66% to HK$309m
        466 18  -  Results way below expectations; no final dividend proposed dne to tight cashflow From Quak Hiang Whai in Hongkong LIM Por-yen's Lai Sun Development, which has been aggressively selling assets to reduce debts, yesterday unveiled a 66 per cent plunge in net
        466 words
      • COMPANY Briefs
        • Article
          Lock icon CPF drops Alexandra, Transmarco
          63 18 Reuters [SINGAPORE] The Central Provident Fund Board has dropped Alexandra Holdings and Transmarco from its list of trustee shares, effective today. It said yesterday that Alexandra Holdings was removed because the company reported a loss for the year ended March 31, 1998. Transmarco makes its exit
          Reuters  -  63 words
        • Article
          MBf on talks with Fubon of Taiwan
          62 18 [KUALA LUMPUR] MBf Capital Bhd said Bank Negara has given its approval to begin discussions with Taiwan-based Fubon Group on a possible tie-up or purchase of a stake in its unit MBf Finance Bhd. However, MBf Capital said talks with Fubon were still
          62 words
        • Article
          Marco Polo MD raises his stake
          49 18 [SINGAPORE] Marco Polo managing director David Lawrence has increased his stake in the company through two purchases yesterday. The purchase 0f33,000 and 27,000 shares, at 78 and 80.2 cents per share respectively, brings his deemed interest in Marco Polo to 0.13 per cent.
          49 words
        • Article
          San Teh buys back stake in unit
          100 18 [SINGAPORE] San Teh has bought back a stake in a subsidiary that it sold last year, making a loss of US$lOO,OOO (*****,000) in the process. The company said it paid MC Private Equity Partners Asia US$3.4 million for the tatter's 5 per cent
          100 words
        • Article
          General Magnetics ups stake in unit
          64 18 [SINGAPORE] General Magnetics has upped its stake in subsidiary General CD Pte Ltd, making it a wholly-owned unit The company bought 5,000 shares of $1 par each in cash from Rolf Neumann and another 500 from Chartac Nominees Pte Ltd. The transaction is not
          64 words
        • Article
          Summit CEO transfers shares to father
          59 18 [SINGAPORE] SM Summit's chief executive and substantial shareholder Lee Kerk Chong has transferred 4.89 per cent, or 14.5 million shares, of the company to his father for 10 cents each, leaving him with 11.16 per cent, or 33.05 million shares. Indirectly, Mr Lee has
          59 words
        • Article
          L&M group MD resigns
          32 18 [SINGAPORE] L&M Group Investments group managing director Kong Mun Kwong has resigned, effective Nov 9. The company yesterday said Mr Kong left L&M to pursue his personal interests.
          32 words
        • Article
          Pacific Can chief financial officer quits
          26 18 [SINGAPORE] Pacific Can Investment Holdings yesterday said its group chief financial officer, Chee Sin Kong, has quit, effective Oct 31.
          26 words
        • Article
          Cerebos official to return to Japan
          59 18 [SINGAPORE] Cerebos Pacific executive vice-president and chief financial officer Makoto Banno will be leaving the company for an assignment in Suntory Ltd in Japan. He relinquished his present appointment yesterday and will also resign as director on Dec 14, company directors said. Ramlee bin
          59 words
        • Article
          Goh Chee Wee named Tye Soon director
          46 18 {SINGAPORE] Tye Soon has appointed Comfort Group managing director Goh Chee Wee a non-executive director, effective Nov 10. Mr Goh is also deputy chairman and chief executive of Vicom Ltd, among other board appointments with corporations and labour councils.
          46 words
        • Article
          Lock icon Proton needs foreign tie-up: analysts
          87 18 AFX-Asia [KUALA LUMPUR] Perusahaan Otomobil Nasional Bhd may well benefit from the backing of new shareholder Petroliam Nasional Bhd, particularly in terms of funding technological development, however, the company's long-term survival can only be guaranteed by a tie-up with a foreign carmaker, analysts said. "The
          AFX-Asia  -  87 words
        • Article
          Corrections and clarifications
          58 18 OUR Nov 9 report headlined "Directors of listed firms yet to take cut in fees" said that directors of the Lim Kah Ngam group received 240 per cent more than what the group earned. The percentage is actually not applicable as the group made a net loss
          58 words
      • Article
        Lock icon Australia's AWB eyes stake in Bogasari Flour Mills
        361 19 Bloomberg [MELBOURNE] AWB Ltd, the monopoly exporter of Australian wheat, is interested in investing in PT Bogasari Flour Mills, Indonesia's largest flour miller, chairman Trevor Flugge said. "It is of some interest," Mr Flugge said of the chance to invest in Bogasari,
        Bloomberg  -  361 words
      • Article, Illustration
        Lock icon Crown rejects Packer's A$425m injection plan
        135 19 Bloomberg [MELBOURNE] Crown Ltd, operator of Crown's Melbourne casino, said a plan by Australia's richest man Kerry Packer to inject A 5425 million (*****.8 million) into the struggling casino has been cancelled. Crown said a request made by Mr Packer's closely held company was
        Bloomberg; REUTERS  -  135 words
      • Article
        Lock icon Aussie bill to sell rest of Telstra expected by year-end
        343 19 Govt's initial plan to sell all of Telstra was blocked in Jnly Bloomberg [CANBERRA] The Australian government will introduce a bill before Christmas to sell the rest of Telstra Corp, the nation's dominant telecommunications company. After selling one-third of Telstra
        Bloomberg  -  343 words
      • Article
        Lock icon Shareholders axe 3 BIL independent directors
        403 19 Move reflects their anger over poor corporate performance Reuters [WELLINGTON] Shareholders in troubled New Zealand conglomerate Brierley Investments Limited have bloodied the nose of their board, voting out three independent directors. BIL declined to detail voting numbers but it was clear that the result
        Reuters  -  403 words
      • Article
        Lock icon Samsung seeks ties with car makers
        160 19 Bloomberg [SEOUL] Samsung Motor, South Korea's newest and smallest automaker, said it is seeking partnerships with foreign automakers, including Volkswagen AG of Germany and Nissan of Japan, to ensure its survival. "They are just two of many, many foreign automakers we've contacted," said Park
        Bloomberg  -  160 words
      • Article
        Lock icon JR East interim drops 25% on lower ticket sales
        312 19 Bloomberg [TOKYO] East Japan Railway Co, the world's biggest passenger carrier by revenue, said first-half earnings fell a more-than-expected 25 per cent due to falling ticket sales during the nation's worst recession in five decades. JR East, 11.29 per cent owned
        Bloomberg  -  312 words
      • Article, Illustration
        Lock icon Sega's new game machine hit by chip shortage
        275 19 Bloomberg (TOKYO) Sega Enterprises Ltd, the world's second-larg-est video-game maker after Nintendo Co, said it is suffering from a shortage of computer chips needed to make its new game machine Dreamcast. The company said last month it had difficulties making the machine
        Bloomberg; REUTERS  -  275 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon News Corp raises US$2.81b in Fox IPO
        430 20 It sells almost 20% of entertainment firm in third-largest US initial stock sale Bloomberg [NEW YORK] Rupert Murdoch's News Corp said it raised US$2.Bl billion (554.7 billion) by selling almost 20 per cent of Fox Entertainment Group Inc, producer of The Simpsons, in
        Bloomberg; FILE PHOTO  -  430 words
      • Article
        Lock icon Intel expects to beat Wall Street's forecast for Q4
        310 20 Revenue will be 8-10% above Q3's USs6.7b: chipmaker Reuters [SAN FRANCISCO] Intel Corp said on Tuesday strong demand would drive its fourth-quarter revenue higher than expected the second quarter in a row the world's largest computer chipmaker has said results will
        Reuters  -  310 words
      • Article
        Lock icon Motorola's revised Q3 shows profit not loss
        224 20 Bloomberg (SCHAUMBURG, Illinois] Motorola Inc, the world's No 3 maker of computer chips, said it revised its thirdquarter earnings to reflect new accounting procedures connected to an acquisition. After the revision, the company said it had thirdquarter net income of US$27 million (5544.8
        Bloomberg  -  224 words
      • Article
        Lock icon Wal-Mart Q3 earnings up 27% on strong sales, tops estimates
        204 20 Bloomberg [BENTONVILLE, Arkansas] Wal-Mart Stores Inc, the world's largest retailer, said fiscal third-quarter earnings rose a better-than-expected 27 per cent on higher sales of household goods at its US and international stores. Net income rose to US$l.Ol billion (Ssl.7 billion),
        Bloomberg  -  204 words
      • Article
        Lock icon Seagram to revamp wine and liquor business
        240 20 Montreal-based firm to move top management to NT Bloomberg [NEW YORK] Seagram Co said it will restructure its wine and liquor business by moving its top management to New York and focusing on its Chivas Regal and Crown Royal whiskeys. Montreal-based Seagram also
        Bloomberg  -  240 words
    • SINGAPORE MOTOR SHOW
      • Article, Illustration
        Lock icon Keeping Borneo in the lead
        1080 21  -  Christopher tan talks to Eddie Ng, managing director of Singapore's biggest motor company CHRISTOPHER TAN JUST over two years into the job, Eddie Ng is faced with the task of keeping Borneo Motors, Singapore's largest motor company, in pole position. A demanding task in any
        ARTHUR LEE  -  1,080 words
      • Article, Illustration
        Lock icon Service with a smile
        917 22  -  As cars get more homogenous, the softer, intangible aspects start to matter. Eugene low speaks to three front-liners who make the difference EUGENE LOW NO need for fancy sales techniques, simply treat the customer well. That's sound, down-to-earth advice from top salespersons of Lexus, BMW and
        CHRIS LOH  -  917 words
      • Article, Illustration
        Lock icon Car loan wars hot up
        709 22  -  Even with interest rates on the downtrend, loan providers aren't likely to get much respite. glarxssatam finds out why CLARISSA TAN IT has been a rocky road for car financing this past year. People cut back on spending as the regional crisis drove into fourth
        FILE PHOTO  -  709 words
      • Article, Illustration
        Watch out for that price spiral
        580 23  -  COE premiums are heading up again as buyers, baited by recent campaigns, jump in. There seems to be a rally. But for who? By Christopher Tan CAN it be that the car market has already hit bottom in less than a year and is
        580 words
      • SHOWCASE
        • Article
          Want F-1 power? Try the new Mobil 1
          125 23 MOBIL has launched its latest engine oil, which it says "shares the same technology" as oils used by Mika Hakkinen and David Coulthard in their Formula One cars. The two are from McLaren-Mercedes, which won this season's F-l championship. Called Mobil 1
          125 words
        • Article
          Saab man heads Opel as well
          97 23 ADAM Opel has undergone a reshuffle to top management. Robert Hendry has taken over as chairman and managing director while Wolfgang Strinz has been appointed his deputy. Mr Hendry, from the General Motors fold, is also chief executive officer of Saab. GM owns both
          97 words
        • Article
          Audi bags top prize in creative recycling
          112 23 AUDI sure looks good in green. The German manufacturer has won first prize for innovative recycling in a competition held by the Research Institute for Plastics and Recycling based in Krefeld. The jury considered more than 20 concepts and products submitted from all
          112 words
        • Article
          Small car that's big on safety
          93 23 THE new Renault Clio could well turn out to be the "best little small car" in a long while. In 1.4-litre and 1.6-litre form, the hatchback is equipped with several big-car features, especially in the safety department. Visit it at the Renault stand, where
          93 words
        • Article
          A great year for Audi
          159 23 AUDI looks set to hit sales 0f600,000 cars this year. As at end-September, sales stood at 446,208, up 8.4 per cent from previously. Engine production in the same period rose a whopping 70.7 per cent to 910,698 units. Dips in deliveries in Germany, China and
          159 words
        • Article
          A new and improved Omega debuts
          110 23 NEVER mind that the year is almost over, Opel dealer ST Auto has unveiled the 1998 enhanced Omega. Called the Omega-B (not to be mistaken for the fishy fatty acids), the car is now fitted with a balancer unit in its engine for quieter
          110 words
        • Article
          Mitsubishi gets joint venture offers
          92 23 MITSUBISHI Motors president Katsuhiko Kawasoe said last week that the company had received offers of joint ventures from "many companies around the world", but did not name any. The loss-encumbered Japanese manufacturer, which has announced a series of downsizing measures, is one of many viewed
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        • Article
          Presenting the Singapore Motor Show
          83 23  -  Compiled by Christopher Tan PARLIAMENTARY Secretary for Communications Yaacob Ibrahim will be the guest-of-honour at this year's Singapore Motor Show. The show runs from Nov 14 to 22 at Suntec City, Halls 3 and 4. Tickets at $5 for adults and S3 for children are
          83 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon LTCM begins making money for new investors
        500 24 Fed rate cuts, bond market recovery help hedge fond to tnrn in profit Bloomberg [NEW YORK] Long-Term Capital Management (LTCM), the hedge fund taken over in September after losing US$4 billion (556.6 billion), started making money for its new owners this month, people
        Bloomberg  -  500 words
      • Article
        GE Life system to process policies in record time
        413 24  -  Insurer plans to invest $50m in IT in S'pore, M'sia offices By Soh Tiang Keng [SINGAPORE] Great Eastern Life yesterday launched a high-tech sales and servicing software system that can process insurance policies in double-quick time. Under this system, known as
        413 words
      • Article, Illustration
        Lock icon Getting a taste of the euro
        67 24 [ROTHERHAM, England] A woman spending her euro banknote vouchers in Rotherham on Tuesday. Shoppers in this Yorkshire town have become the first people in Britain to try out the new single European currency. Thousands of special euro banknotes were distributed in the town to
        AFP  -  67 words
      • Article
        Lock icon Tokyo govt to sell 1m NTT shares
        197 24 It will make gross gain of It yen at today's price AFP [TOKYO) The Japanese government plans to sell up to one million shares of its total holding of 10.42 million in Nippon Telegraph and Telephone (NTT) next year, a daily said on
        AFP  -  197 words
      • Article
        Lock icon Sprint Capital Corp sells US$5b of bonds
        297 24 Bloomberg [NEW YORK] Sprint Capital Corp has sold US$5 billion (SsB.3 billion) of bonds in one of the biggest corporate sales ever, as investors rush to take advantage of some of the highest yields relative to benchmark Treasury securities in at least a
        Bloomberg  -  297 words
      • Article
        Lock icon Kookmin Bank to raise over US$500m through share sale
        197 24 Bloomberg [SEOUL] Kookmin Bank said it will offer more than US$5OO million (*****.2 million) of new stock to its shareholders and use the proceeds to lend to companies and individuals. Kookmin, which will become South Korea's biggest commercial lender once it
        Bloomberg  -  197 words
      • Article
        Rate cut rumours fuel rise in futures
        188 24  -  fSmiSK Report MS& Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index retraced its losses from the previous day on rumours of more rate cuts. Institutional investors, who were sitting on high cash positions and waiting for more of a pullback, scrambled
        188 words
      • Article
        Futures plunge as stocks slide
        161 24  -  MSCI Taiwan fatures Charlie Kuo THE Simex MSCI Taiwan Stock Index futures plunged 3.8 points with the stock index posting a loss of 157.51 points. Serious cashflow shortages faced by some unlisted companies shook investor confidence. A total selling of NT$l.9 billion in Taiwan shares
        161 words
      • Article
        Lock icon Oil rises amid threat of US strike on Iraq
        288 24 ENERGY REPORT Reuters [LONDON] Oil prices battered by steep losses under a torrent of excess supply recovered slightly yesterday after UN staff withdrew from Iraq in pi eparation for a possible US military strike. World marker Brent blend crude oil for
        Reuters  -  288 words
      • Article
        Lock icon CURRENCY REPORT
        284 24 Reuters Bloomberg THE partial US holiday limited trade in the dollar, which was trying to find a foothold against the yen after breaking above its recent ranges earlier in the week. It slipped overnight against the yen on speculation about tax cuts in Japan, giving up some of
        Reuters; Bloomberg  -  284 words
      • Article, Illustration
        Untitled
        1250 24 IMTERBAMK CROSS RATES Novti AS C$ Bit ECU Ffr Pn H*S Ind »s Y- Won »M llBWh Nw land Sir M7$ Baht Hmt ttS$ Australia 0.972 6.178 0.538 1549 1.056 4.877 26.621 48.491 0.763 8283 2 J93 1.187 36.185 25.549 1038 3.568 **********1090 0280 0430 Canada 1.029 5.379 0.554 3.653
        1,250 words
    • Article
      COMMODITY PRICES
      1927 25 SICOM FUTURES Xoni RUBBER (futures closing »s it 5.30pm) RSS1 CONTRACTS cwts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 98 115.50 450 Jan 99 H6.50 1150 Feb 99 118.50 118.50 118.50 600 875 Mar 99 120.25 1175 Apf/Jun 99 126.00 124.50 124.50 450 3000 Jul/Sep
      1,927 words
    • Article
      WORLD STOCK MARKETS
      2355 25 LONDON Industrials Nov n p»*c« 31 Group. 539.000 19.600 AB Ports 288.000 -1.000 Abbfy National 1141.000 17.000 ANied Domecq 520.000 4.000 Allied Zurich 679.000 4.000 Aflitc 155.000 -2.000 Asda Group 163.200 2.200 BAT Ind 515.400 30.400 BG PIC 401.000 -1.000 BICC 55.000 -2.000 BOC Group 850.000 -6.400
      2,355 words
    • Article
      Lock icon TOKYO
      1623 25 Bloomberg OMUtaMI +319J93 JAPANESE stocks rose, led by Sakura Bank Ltd and other lenders, on reports banks may move to replenish their depleted capital with government money. Futures contracts shot up after the ruling Liberal Democratic Party said it may include tax cuts worth seven trillion yen (Ssloo billion)
      Bloomberg  -  1,623 words
    • Article, Illustration
      Lock icon HONGKONG
      1513 26 Reuters QHugSeng +415.99 STOCKS rallied to a sharply higher close yesterday as investors, cheered by a firmer Japanese yen and stronger regional markets, returned to pick up bargains after recent days of losses, brokers said. The Hang Seng Index gained 415.99 points, or 4.28 per cent, to end at
      Reuters  -  1,513 words
    • Article, Illustration
      Lock icon CHINA
      677 26 Reuters n Shenzhen B Index -0.84 SHENZHEN'S B Share Index closed lower yesterday in thin trade, with buying interest evaporating due to a lack of policy support for the market, analysts said. The index lost 0.84 of a point to 63.18 on turnover of HK$B.7 million. "Without market-boosting policy,
      Reuters; Source: Credit Lyonnsis Securities (Asia) Ltd  -  677 words
    • Article
      Lock icon TAIPEI
      359 26 AFP □wp Index -***** TAIWAN share prices were down 2.3 per cent yesterday amid concerns over more financial problems at local companies, dealers said. The Weighted Price Index dipped 157.51 points to 6,654.79, following a 2.1 per cent decline in the previous session. "A contagion of fears swept through
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      Lock icon JAKARTA
      733 26 AFP |T| Composite Index +5.71 INDONESIAN share prices closed 1.5 per cent up across the board yesterday amid easing interest rates and a stable rupiah, dealers said. The market had closed before a shooting incident during a 2,000-strong march by student protesters on Parliament. Brokers said the absence of
      AFP  -  733 words
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      Lock icon BANGKOK
      767 26 AFP n SET Into *IM4 THAI shares rebounded 5.8 per cent yesterday in across-the-board gains, led by interest in bank, finance and property stocks, analysts said. An analyst with a local brokerage said the market rose sharply because of a technical rebound after Tuesday's steep correction, boosted by gains
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      Lock icon MANILA
      314 26 AFP Q Manila *7U3 SHARES jumped 4.3 per cent yesterday on the back of a steadying peso and a cut in interest rates. "The appreciation of the peso is helping the market in terms of sentiment," Jose Vistan of Dharmala Securities said. The Composite Index surged 71.13 points to
      AFP  -  314 words
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      Lock icon SEOUL
      406 26 AFP n Composite Index -254 SOUTH Korean shares closed yesterday slightly lower due to the weak yen, but well off the day's low, with retail investor buying partly offsetting some early profit-taking by foreigners, dealers said. The partial recovery also reflected modest foreign investor buying of selected blue chips
      AFP  -  406 words
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      Lock icon SYDNEY
      585 26 AFP Q All Ordinaries +38.3 SHARES rose 1.4 per cent yesterday, led by a surge in large capitalisation stocks, particularly media giant News Corp, brokers said. The All Ordinaries Index closed 38.3 points higher at 2,720.7. National turnover totalled 344.26 million shares worth Asl.ll billion. The All Industrials Index
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      Lock icon WELLINGTON
      254 26 AFP n Wellington -20J5 NEW Zealand stocks fell one per cent yesterday in a profittaking spree that saw heavy turnover of NZ$l39 million during the session. The NZSE-40 Index was down 20.85 points to 1,986.56 with Telecom Corp down eight cents to NZ$B.22. n u$ <0001 ANZ Banking 12.00
      AFP  -  254 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9080 27 INDUSTRIALS ConswiMf products 1998 Last Vol Day Net Cap High Low Company Sa4a '000 High Low P/C Smll 310 170 A|inomoto 275 10 9 275 263 15.2 111.5 148 35 Angkasa 69 2 300 71 66 1017 290 123 Apollo Food Hlg 231 3 29 239 231 8 0 92.4
        9,080 words
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        Lock icon Stocks jump in speculative trading
        405 27 AFP PI Composite Index +&58 MALAYSIA'S benchmark stock index closed 1.8 per cent higher yesterday on speculative play involving counters of big companies expected to receive government assistance, dealers said. The Composite Index rose 8.58 points to end at 476.12 on heavy trade, off a
        AFP  -  405 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2626 28 BONDS, LOANS WARRANTS wt 1998 Last Vol Day LMt Ouott Avg High Lour Stno Company Solo ♦•f- COOO) High Low Buyar Sollor Prtca 20.5 3 3160 "Acor ******1USJ 14.5 *2 246 14.5 13 14 14.5 95 4.5 3164 Acma ******4 19 »15 603 19 17.5 18 19 19 3161 AIITach
        2,626 words
      • Article
        GK Goh wrt: upside still looks intact
        179 28  -  WARRANT WATCH By R Sivanithy A DEALER said something very interesting yesterday when he commented that in times of extremes, investors don't care for valuations. In other words, as far as warrants are concerned, it doesn't matter what the numbers are; if the
        179 words
      • Article
        CLOB INTERNATIONAL
        226 28 HONGKONG STOCKS Gr Or 1998 Last V« Day Last Ouott Dtv Wv YM Nat M Cap High Law Stno Company Sata COOP) Law Buyar SaHar Cvr P/t SmH 400 250 5123 COL (2000) MK 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK__720 265.0 2.1 7.4
        226 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6642 29 Transaction date: Nov 11 Or Or M Wt 1998 Lilt Val Day Last Oust* W* Wv Nat Cap A*g wm Law StNa Cl1»»» Mt COOP) lw inyf Ww Cvr w MULTHNMISTIY 142 49.5 mt 1000 AcmaSOc 83.5 *5.5 883 83.5 78 83 84 27.5
      6,642 words
    • Article
      SESDAQ
      1264 29 Or Or M Wt mi Last Vol Day Last Ouott Otv Ml YM M Cap Av« High Law StNo Company Sata COOP) High Law Buypf %Hhr C'vr P/I jmtt Prtc* MAMUFACTURtM 243 30 a 2049 "ASAutoKk 119 *11 2789 H9 KM 1t9 120 15.0N 7.0 13 112 135.9 113
      1,264 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        362 30 Stacks Volunw Wing Tai 25c 27,979,000 Keppel Land50c 24,246,000 DBS Land 20.054.000 KeppeJ Corp 14,658,000 Hotel Prop 13,414,000 •TanChonglnt50c 11,847,000 SembCorpI 25c 9,945,000 IPC Corpn 5c 9,110,000 SingTel 15c 9,092,000 MCL Land 8,679,000 Stacks S Keppel Corp 48,888,620 City Oev 50c 40,617.572 Keppel Land50c 40,583.280 SPH 38,537,532 DBS Land 38,033,180
        362 words
      • Article, Illustration
        Market rebounds with a vengeance, soaring 5.5%
        649 30  -  STOCK MABKBT COMMENTARY Property stocks jump 12% as bourse gets triple boost from firmer yen, interbank rate fall, cost-cutting recommendations report By R Sivanithy [SINGAPORE] The release of the report on Singapore's competitiveness, a firming of the Japanese yen and Sing dollar and
        649 words
      • ON THE GRAPEVINE
        • Article
          Unwanted flying guests
          83 30 TWO BT journalists were at a business lunch hosted by a bank in a restaurant at a five-star hotel earlier this week. The food was nice, the conversation was good and everything went on just fine until some flies decided to join in and landed on the
          83 words
        • Article
          Challenging Dr M?
          72 30 THERE is growing speculation among political watchers that Wan Azizah Wan Ismail, the wife of deposed political heavyweight Anwar Ibrahim, may challenge Malaysian Prime Minister Mahathir Mohamad in his constituency, Kubang Pasu in Kedah, in the next general election. But the prime minister will have adequate time
          72 words
        • Article
          Furby the ill-mannered
          71 30 APPARENTLY the biggest hit of the US toy season this year could be Furby, described in a recent Reuters report as a talking plush toy with big ears and bad manners. It apparently bears a resemblance to Gizmo, a character in the early 1980s film, Gremlins. And
          71 words
        • Article
          Writing on the wall
          50 30 IN Thailand, 1,500 journalists have lost their jobs since the Asian crisis started in July last year, according to the Reporters Association of Thailand. The number of daily and weekly newspapers in the country has now apparently been halved from more than 20 to just 10.
          50 words
      • Article, Illustration
        HOT STOCK
        70 30  -  by] Shiv Taneja MCL Land closed 20 cents higher yesterday at $1.35 on a volume of 8.7 million shares, marginally higher than its 10-day traded average of 8.2 million shares. The near-term outlook for the stock looks rather precarious, with volatile trading expected in the days ahead. Longer
        70 words
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      141 17 Swissair's daily specials to Europe: BARCELONA 1388/Evening departures from Singapore. A good deal and more from Swissair. Other European Destinations: Amsterdam, Belgrade, Bologna, Brussels, Bucharest, Budapest, Copenhagen, Genoa, Graz, Helsinki, Innsbruck, Klagenfurt, Linz, Lisbon, Ljubljana, London, Luxenbourg, Lyon, Madrid, Malta, Manchester, Marseilles, Milan, Nice, Oslo, Paris, Prague, Rome, Salzburg, Sofia,
      141 words
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      224 19 i ftl Formerly a military secret. Finally available to a select few. OFFICINE PANERAI Where ideas come to life. ITALIAN DESIGN EXCELLENCE AND SWISS TECHNOLOGICAL EXPERTISE GIVE TIKI UNRIVALLED FORM AND FUNCTION. HAND-WCXJNC MECHANICAL MOVEMENT. CASE AND BEZEL IN STAINLESS STEEL. WATER-RESISTANT TO A DEPTH Of 300 METRES (MS FKT).
      224 words
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      32 20 R -'.tc v iV> VJilfflUKaßl .■•fitaßyy;. £&£?:> f 4 ,v iiywBBjHW^BB iJK^^i&feSissS *r£Z~ > y JUttfJ t Jti Lw ifl* *5 Jfe ft Jmii> <fohsm K ife. KSSiI j| IHt >x fc f I
      32 words
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      29 21 *1 1 I v r', >Jjy^^Tj£fejv -V > "T &•■'*?>--J~ .*c- jr r**' -f*? x *f y »•.•■*,-**> > v.• Im&' SpCMWOf Official Oil Compony Off.oal Finance Company Official fcodio Station HHaH
      29 words
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      916 22 ADVERTISEMENT Renault set to sparkle with free diamonds at motor show THE MOST awaited event in Singapore. including Europe's hottest on the motoring calendar in Exklusiv Auto will also seller, the all new 1.4-litre Singapore starts in a few be giving away free diamond Clio. It comes in a moulddays
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      6 27 TO ADVERTISE CALL TOLL-FREE 1800-741 1883
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      61 27 ODBSLAND USsl2om Floating Rate Notes due 2001 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 12 Nov 98 (inclusive) to 12 Feb 99 (exclusive) the Interest Rate payable on 12 Feb 99 is as follows: Interest 5.7375% per annum Agent
      61 words
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      64 29 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE C IT I NEVER SLEEPS I! I.lli i Ims iI Sh(H ii n ,i 11, S <)i i li ,ii il In <•.« «I I Illi<> 11 l; I.i
      64 words
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      425 30 BUSINESS \()1 /('('S lo a<l\C I ti3Tri7Toll-lixC' TsOO-74 1 INS 3 THE COMPANIES ACT, CAP. 50 LEAP TECHNOLOGY PTE LTD (In Liquidation) Ata general meeting of LEAP TECHNOLOGY PTE LTD duly convened and held on the 9th day of November. 1998 the following special resolution was passed: SPECIAL RESOLUTION That
      425 words
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      409 30 THE COMPANIES ACT. CAP. SO BEARINGTON PTE LTD (In Liquidation) At a general meeting of BEARINGTON PTE LTD duly convened and held on the 9th day of November, 1998 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290(1 )(b) of
      409 words
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      Page 30 Advertisements Column 3
      648 30 r THE COMPANIES ACT (CAP. 50) A MAGNUM ELECTRONICS PTE LTD (MEMBERS VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of MAGNUM ELECTRONICS PTE LTD duly convened and held at 108 Middle Road #07-01 Bnght Chambers Singapore *****7 on Monday, 9 November 1998 at 10 00 a
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      17 30 Lost uotir 4 {pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATjSI
      17 words
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      Page 30 Advertisements Column 5
      364 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DIC POLYMER CHEMICALS ASIA PTE LTD ON LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of the
      364 words
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      Page 30 Advertisements Column 6
      666 30 Tuesdays The Property Column by Lee Han Shih THE BUSIES TIMES SIN SOGmJlStf LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of the Company will be held at the Conference Room, 19 Jurong Port Road, Singapore
      666 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      325 31 Bridge News Reuters PACIFIC Panamax rates continued to hold firm despite the slowdown in activity. Brokers said a few charterers with end November positions are said to be holding back from fixing in the hope that the market will turn. Futures struggled to find any enthusiasm, Clarkson Securities
      Bridge News; Reuters  -  325 words
    • Article
      MARITIME STOCKS
      285 31 us JMWe 'ooo —>11 s$ w CWT Distribution 0.475 *0.02 209 Chuan Hup 0.53S *0.02 353 Cosco investment 0.53 *0.01 20 Freight Links 0.195 *0.015 1631 08 Holdings 0.395 *0.045 212 HeiSunHup 0.47 *0.025 712 Hitachi Zosen 0.775 *0.035 971 IMC Holdings HK 5.60 Jaya Holdings —0.545 *a035
      285 words
    • Article, Illustration
      Former S'pore Cosco chief named group's president
      497 31  -  He will lead conglomerate's reorganisation to gain more antonomy By Lu Ning A FORMER Singapore head of China Ocean Shipping Co (Cosco) has been appointed Cosco group president in the latest reshuffle of the company's top management as China's largest shipping company takes
      497 words
    • Article, Illustration
      Mina Raysut terminal starts operations
      83 31 [SINGAPORE] Maersk Line's Dragor Maersk being assisted by two tugs from Cory Towage to berth at the new Mina Raysut container terminal in Oman. The four-berth terminal in Salalah, Southern Oman, is a joint project involving the Omani government, local private investors and two major
      83 words
    • Article, Illustration
      Knud I Larsen director reflects on shipping's biggest changes
      637 31  -  SHIPSHAPE By\ Felix Chan THE single largest development in the shipping industry, says Allan Bendixen, has been in technology, in particular, the relentless drive for ever larger mega-con-tainerships. "When I first started in Maersk, the real big ships then were 3,500
      637 words
    • Article
      Congestion surcharge imposed on Madras stays
      316 31  -  Contrary to Indian press reports, feeder operators not dropping surcharge By. Marcus Hand [SINGAPORE] A group of Singapore and regional feeder operators serving the South Indian port of Madras are not dropping a congestion surcharge imposed indefinitely on Oct 20. Press reports in India
      316 words
    • Article
      K Line's pre-tax profit down, hit by higher operating costs
      246 31 [SINGAPORE] Car carrier services and the tanker trades helped underpin halfyear results of Japan's Kawasaki Kisen Kaisha (K Line), which reported a drop in pretax income for the period as vessel operating costs increased. Despite difficult conditions in the liner
      246 words
    • Article
      Lock icon Italian firm to study major Manila port project
      185 31 Bloomberg [MANILA] Impregilo. an Italian construction company controlled by carmaker Fiat, has been hired to study a US$2.5 billion (554.05 billion) seaport project in the Philippines, the government said. The country's Board of Investments said the seaport project is the largest of
      Bloomberg  -  185 words
    • Article, Illustration
      Lock icon Fruit of a worldwide effort
      1146 32 NEW-LOOK SINGAPORE AIRLINES Sept 11 launch of SlA's new product and service features came from two years of intensive research and work SIA Outlook IT ALL began in early 1996 when a task force studied various options to rejuvenate the first class cabin and service
      SIA Outlook; FILE PHOTO  -  1,146 words
    • Article
      SHIPPING SCHEDULES INDEX
      227 32 PAGE Oongnama 3 ACL 6 "I 5 AMI 3 Ewfgrewi 6 Accord 8 FoongSun 8 Appenship 5 G Link 4 Austral 8 Gemartrans 8 BalajiShpq 4 HaiSunHup 8 BSA 7 Hangli 7 B'tanq Mas 8 Hani 1 3 CCNI 7 Hetmg A 7 CMA 8 Hyundai 7
      227 words
    • Article
      SHIPPING GUIDE
      19651 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Oest'n Name Name Number Number 20/11 30/T1 Evergreen ITAH BHUM 420 65-392mi To ABIDJAN (ABJ) 2003 Cote D'lvoire 20/11 30/n rcl itha bhum 420 65 *****88
      19,651 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        751 43 Vassal Voy Mo Barth Arrival Departure And* Wgaya *****8 T alongside n ii/owo 8t Ca indrjJ *****8 J01 alongside 1311/0800 Bt I Makmur *****8 JOI alongside 121V0600 Bt tompo bt *****8 JOI alongside 1211/0030 Bt Samtai Rio *****8 JOI Hongs** 13.11/0800 Bt Soriati 4 *****8 JOI alongside 12.11/0030
        751 words
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        CONTAINER SCHEDULES
        1864 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklrxj/BoUnct Rstls Ship Voy No Etb/Btr Period From To From A» uty ana wisoo u n/noo n/i*5i n/noo w n/1500 n/i*5i n/noo U IV1700 12/0*59 12/0900 2» n/1700 12/0*51 12/0900 12/0700 12/1H9 12/1400 4 12/1200 12/1459 12/1700 mmUpm m nnm
        1,864 words
      • Article
        GLOBAL HOLIDAYS
        212 43 Nov 12 Taiwan: Birthday of Dr Sun YatSen Nov 16 Brunei: Meraj. Indonesia: Ascension of the Prophet. Nor 22. Mexico: Revolution Day. Nov 23 Japan: Labour Thanksgiving Day. Nov 20 United States: Thanskgiving Day. Nov 30 Philippines: Bontacio Day. Deo 8 Austria: Ammucuiate Conception DM 12 Mexico: Virgin
        212 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1065 43 THIS report, compiled by Cockett Marine OU Lid. show* price ranges in US dollars instead of single price* for a more comprehensive description of the market Prices shown are based on average-sued stem Market movement! are indicated The Cockett Bun ker Price Indei change and the
        1,065 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        502 43 Carbon WO Mai 993 2 0.7 16.0 0.08 S9 0.05 Nov S Density Water Residue Ask tit—I No above E25 1 0 6 0 0 0 MO Ave 986.8 0.3 15.3 0.06 31 0.02 U*m 380 Mu 995.1 0.8 19.8 0.12 154 0.07 M/M'i %M/M %M/w
        502 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        PAL accepts Cathay's initial proposal for capital injection
        522 44 Work on rehabilitation plan for airline expected to take many weeks [MANILA] Ailing Philippine Airlines (PAL) has come closer to finding a white knight in Cathay Pacific Airways. In a joint statement released on Tuesday, the airlines said Cathay Pacific's conditional proposal
        522 words
      • Article
        Lock icon Boeing snatches back lead in aircraft orders from Airbus
        229 44 Bloomberg [SEATTLE] Boeing Co regained the lead from Airbus Industrie in orders for large commercial jets through Oct 31. Seattle-based Boeing won firm orders for 506 jets, compared with 492 for Airbus, a group of four European planemakers. Airbus had taken
        Bloomberg  -  229 words
      • Article
        Auckland Airport passenger traffic up
        249 44 [AUCKLAND] Auckland International Airport Ltd, the nation's largest air terminal and a publicly traded company since July, said passenger numbers rose 1.2 per cent in the first four months of its fiscal year. "Maybe the worst of the Asian situation has impacted on us and
        249 words
      • Article, Illustration
        Lock icon Bosnia business bad: VW
        52 44 [SARAJEVO] A technician works on a Skoda Felicia car in a new Volkswagen plant in Sarajevo's suburb of Vogosca. Volkswagen Sarajevo director Klaus Dieter Steinbach, representing the first major western company to return after the war, admits that the business climate in Bosnia is 'unfavourable'and 'very
        REUTERS  -  52 words
      • Article
        Lock icon FedEx to expand trucking operations if pilots strike
        373 44 Bloomberg [MEMPHIS, Tennessee) FDX Corp, parent of Federal Express Corp, the world's largest air-freight company, said it will expand trucking operations if pilots, who are seeking pay and scheduling improvements, strike. FDX will also reconfigure its domestic air system around its pilots
        Bloomberg  -  373 words
      • Article, Illustration
        Lock icon Airbus forecasts 50% market share for this year
        304 44 Europe aircraft maker to sell more than 500 planes: managing director AFP [PARIS] Noel Forgeard, managing director of Airbus Industrie, said that the aircraft manufacturer is to sell "clearly above" 500 planes this year, though he expects a "certain slowdown" afterwards. Speaking
        AFP  -  304 words
      • Article
        Lock icon Rivals urge US govt to reject BA-American deal
        554 44 6 US airlines say alliance will harm competition Bloomberg [WASHINGTON] Six US airlines asked the Department of Transportation to dismiss the application for antitrust immunity covering the proposed alliance of British Airways pic and AMR Corp's American Airlines. Officials from Delta Air
        Bloomberg  -  554 words
      • Article
        SIA to increase capacity on services to China
        292 44  -  By. Felix Chan [SINGAPORE] Singapore Airlines (SIA) said yesterday it will boost capacity on routes between Singapore and China through the use of larger aircraft. The additional capacity will be progressively phased in over the next year, SIA said in a statement
        292 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1870 44 on yuan cta awn no $***** 2359 Mil* IA7381 1930 BA73S2 2050 S8W» 178 $0990 0130 1,30 ?®55 fimirtuHK S0t03 IMS CZ3S2 0035 a353 2035 ***** 10,5 wjjo Hwo< YK741 13K) VK740 1410 S02CT U10 VN743 1925 AastertMl S023 0645 GA972 0040 y_| TG407 1545 TG408
        1,870 words
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      22 31 New-look SIA the fruit of worldwide effort Sept 11 launch the result of two years of intensive research and work. Page 2
      22 words
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      Page 31 Advertisements Column 2
      60 31 PAL accepts Cathay Pacific's initial offer Work on rehabilitation plan for airline expected to take many weeks. Back Page ——41 11 ,J1 1 Ji Cairo or Congo. Sailing schedules to The African Continent. 2 4 hours a day in the Shipping Guide Fa x- On -Demand hotline 740 6000. Another
      60 words
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      728 32 IMPORT•I [SUPER SHUTTLE EXPRESS QULF KARACHI EXPRESS (GtOQ "J VOYAGE 101 MK VISSU VOT |«A DMN IAM MO KM COl FfG "s«l 00<l HONGKONG 29W544 04/11 15/11 SANIAIAROARA OH~ 20/10 30/10 30/10 01/11 04/11 "Jo/Tf 14/11 15/11 OOd JAPAN 28W545 11/11 29/11 PtO NEDUOYD DUIAI 331 04/11 M/ 11 06/11
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      Page 32 Advertisements Column 2
      681 32 4 Lines services represented 4+ /'OKAA jhm tf Members of the S »©B;) Wemtie's of the Registry of r«j Singapore Freight Forwarders Accredited Shipping Agents Association V'" V Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KI.ANG/SINGAPORE JAKARTA ETA PKI. ETA SIN ETA MALE PrimwssLlly V 0798 27/11 28/11 16/12 Princess
      681 words
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      1002 33 I SAX SERVICE (DIRECT) vcsa vor sura ux oak dai~ hop oo an mbm mi ntc AfITOUMMUOt 0211 IS/11 03/12 07/12 07/12 00/12 07/12 08/12 06/12 09/1? W/12 AfIJAPI 0071 2S/11 10/12 15/12 15/12 16/12 15/12 It/12 16/12 17/12 17/12 mmaa 0071 02/12 17/12 22/12 22/12 23/12 22/12 23/12 a/12
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      Page 33 Advertisements Column 2
      1849 33 I HANJIN SHIPPING HAMJIN SHIPPING (SI PTI ITO l*lp ha* com 100*1*0 SAUS 37M224 731 DOCUMENT 32M271 274 OKUTIONS 32*0241 252 MAM UIK *****55 FAX 772W0 aNO **********0* |to nw usa a canapa| usa f amapa* fM VSI/VOY IAM SM IM HAU/VOY 5£A TTW MN TO* ON MSP MT OfT
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      Page 33 Advertisements Column 3
      331 33 FULLY CONTAINHIf P Pi PI CAT BP »■»¥!<■> Iffssa l*BKi pus j"* I |mTCt£EUH6 HIS |09/11 1 Id/11 I illM 1 11/*****/11 17/11 20/11 21/lf] I 101 l I fifll I IMI *****1^11 I UMRUmA Its 1 21/11 1 24/11 im 125/1) 1 29/11 01/12 04/12 05/12 IKMTCHOWGKO446 HQS |04/12|
      331 words
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      1405 34 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA VESSEL TOY ZT lEH HTM MW HAM MV fq VEttEl WW MM BIT OPE FOl W.C MTW TIUDE HAfIVEST WQB49 13.11 0412 Hl2 1112 Hl2 00.12 CHOYAMG OUNCE WMO4O 12.11 20 11 0112 0312 *12 1112 HANJM MALTA WNO47 17 11 Ml 2 Hl2
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      Page 34 Advertisements Column 2
      1016 34 mjkm mac-nels s pore m*sia Carrier: MN CONTR LINES, INC P. QUOANG: (07) *****26 I 1 IX"/ J C* 140. IMOBTNOOOOB S1BU: (064) *****9 MAMLA: (632) *****24 PENANQ: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCMING (062) *****1-3 LE
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      Page 34 Advertisements Column 3
      652 34 LINE Jt TIL: M«34S« NUb ISI2III MUARA LABUAN vnsa vot rro n* vtssa vor rn> n* SPOtE MUARA SfOtf UN OUtAKA JNB-32 VI7I/94 14/11 11/11 CARAKA JNB-32 VI7I/W 14/11 14/11 SIUmHOPI V3II/98 17/11 20/11 STUItSWPt V3II/4B 17/11 H/11 CARAKA 888-32 VIK/W 24/11 27/11 CARAKA Ml 11-12 Vl#/* 24/11 M/ 11
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      Page 35 Advertisements Column 1
      788 35 VgSSciT VOY I SIN I SIP I PKO PEW PQB DUB SHJ BA I BIK I NUN MATIN PJL 1310 16/11 28/11 26/11 27/11 2»/11 IRAN HESABI PJL 1320 27/11 24/11 08/12 07/12 09/12 11/12 HUN BAKERI PJL 1321 03/12 13/12 12/12 14/12 16/12 IRAN TAKHTI 09/12 19/12 18/12 20/12
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      Page 35 Advertisements Column 2
      1739 35 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY 1 I 6 SHEHTON WAY TIL 226 1900 FAX: *****0* OUTWARD (R A) I COSTAK SIHWN6 PTC lIP #IT-OS DIS ILDG SAUS/MGS 4205R57/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CONVENTIONAI 4205R50/S5 T/SHfRIT DEFT 420SR2S TEL 02-07-35 3R166
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      Page 35 Advertisements Column 3
      656 35 It v EASTERN CAR UNER, LTD. LfcJ Ea (SINGAPORE) PTE LTD JTSL n 1 SPECIALIZE IN ROUP 4 HEAVY UfT UPTO 450 TOWS ECL (SJNGAKKE) PTE LTD LOAD NG FOR PORT KLANG/PENANG COLOMBO MV "COSMIC CHALLENGER" V.62 MV "CRISTINA 1" V.56 ETA SBM 11/11/98 ETA PKL 13/11/98 ETA PNN 15/11/98
      656 words
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      Page 36 Advertisements Column 1
      1334 36 EUROPE/UK/SCANOINAVIA/FINLAHD/nUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DELIGHT RW-OOS 14/11 84/12 09/12 05/12 07/12 04/12 09/12 E ROUNO RE-034 IS/10 17/10 16/10 11/10 20/10 12/11 13/11 E DIVINE RW-882 22/11 10/12 13/12 11/12 13A12 14/12 15/12 E GAINING RE-885 25/10 28/10
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      Page 36 Advertisements Column 2
      1082 36 ADVANCE CONTAINER LINES (PTE) LTD AW* I 140 Cecil Street, #12-00, PIL Building, Singapore *****0 Mw Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****6 a *****05 BANGKOK JAKARTA (Wwfcly St|f fKfli Sl|t tCH/1 »l t mp (5 Vtssa VOY MN IKK VKSR VOY I
      1,082 words
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      Page 36 Advertisements Column 3
      651 36 /CZI NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VtSttl VOT SIN PUJ DU» JN» err to NAXUiretltt VO3OS IZ/11 21/11 25/11 21/11 W/11 02/12 GOLDeHMUGOw" VOOK 21/11 30/11 04/12 07/12 01/12 mmiWWCBS VO2SS 21/11 14/12 17/12 H/12 mu QUEEN VO3IS 09/12 1«/12 22/12 25/12 24/12 21/12 IMWM DHAGOH
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      Page 37 Advertisements Column 1
      485 37 BSfl a. mm. MYANMA pBBk FIVE STAR LINE (Myanmar National lin«) Loading for Yangon (Rangoon) VESSEL VOT SIN PKL PEN PGU PWYA 157 SID srrrwi S3w 12/11 MALAYSIA AGENTS: lOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKI: Til (03)376*101 PEN: HI (04)2****** PGU: TEL (07)*****21/4 BANK LINE (A Mfvic* of Andrtw
      485 words
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      Page 37 Advertisements Column 2
      1548 37 HYUNDA^AERCHANTJJAARINECO^TD^^^^^^ ivissa VOY I"ss 1 SOU lUH I RTM I ANT I HAM IMV I FaH IVBSEL VOT SOU 181 KIM ANT HAW BNV I HI I 81 I MAAS S2*W 13/11 OS/12 04/12 29/11 01/12 HV GENERAL 3141 21/10 21/10 24/10 27/11 14/11 NOKYFMC 008W 14/11 02/12 03/12 05/12
      1,548 words
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      Page 37 Advertisements Column 3
      956 37 t npfwegion spacatnd outacorners Q©§(°](s Wilhelmsen Lines V4r^ TO NORTH AND UTIN AMERICA "RORO HEAVYUFT SERVICE" IVfSSII VOY RAMP HEIGHT SIN LAX CRL MIA SAV ML ORF NYC NEW MOO TARONGA F022 400 Tow 6.3 M "WIT 10/12 WT2 *****" 24/12 WTT rTfuT 21/12 M7oT 05/01 TAIKO FS23 400 Tom
      956 words
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      Page 38 Advertisements Column 1
      869 38 BANGKOK/ MAP TA PHUT/ LAEM CHABANQ JAKARTA/PAN J ANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BANIBHUM 123N In Pt 15/11 14/11 GURU BHUM 103 SB In Pt 15/11 MATHU BHUM 389N 14/11 18/11 DEJA BHUM 773S 14/11 18/11 YANTRA BHUM** 266N 15/11 18/11 19/11 ANRO
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      Page 38 Advertisements Column 2
      562 38 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SEMI-CONTAWERISED SERVICE v*t vot I S'rwri I k-UM/t-um Fhjw mm mrwi«p a vissa lyn w/n as/n quit os/oi TO AUSTRALIA FULL COMMUNER SERVICE BL._ Ivotlhb awl mm I stp ma nm ux m tnumm o*s In/n u/n n/n 17/11 »/)i ot/n rauau Msln/im/ii
      562 words
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      Page 38 Advertisements Column 3
      1008 38 VESSELS 1 VOY SIN PKL MLA LEH RTHH HAM 1 ZEE 9QT VUtDEWMO S2BW 12/11 01/12 03/12 04/12 08/12 Q7/12 VILLEOEVELA N2BW 18/11 18/11 30/11 07/12 OfV 12 06/12 11/12 12/12 VMJJE DE SHANGHAI H2BW 24/11 25/11 07/12 14/12 15/12 Wl2 Wl2 19/12 VM-LE D-QRtOM Y2BW 01/12 02/12 14/12 21/12
      1,008 words
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      Page 38 Advertisements Column 4
      19 38 CONVENTIONAL SERVICE LOADING FOR CALCUTTA ATTRACTIVE RATES ETA 25.11.98 For Bookings please call GANI RAJ I AU TEL *****14
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      Page 39 Advertisements Column 1
      37 39 DIRECT SERVICE to INDONESIA PT. Pelayaran Meratus j HUAL Check It Out Pa e 6 On Page 13 New Service To Shanghai direct service to Calcutta Wan Hai Lines Qw, Sllippi g Page 5 Page 12 (Mon/Wed/Fri)
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      Page 41 Advertisements Column 1
      48 41 Dial 740-6000 Oil 06^*****(1 —jH# (Retrieve more schedules!) Press "1" .jpv Select the port and key in STBCi the four digit code eg: To New York (NYC) 2275 srrf* Key in your fax number your phone number Another innovative service offered by document Will be Shipping Times !33^»g£.
      48 words
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      Page 42 Advertisements Column 1
      144 42 N mmammm 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: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      144 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      132 43 togiond Weather LEGEND: R Thunderstorm Temperature •q V Shower Weother —J Wind direction with speed m knots Rom Cloudy Sky Wove height Surface winds ore indicated by arrow, which fly with the wind n fu c,rcl repr n,s calm <* °nd vorioble winds W One half fleche represents 5 knots
      132 words
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