The Business Times, 15 December 1998

Total Pages: 38
1 38 The Business Times
  • 12 1 MITA (P) 04tyi^98 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, DECEMBER 15,1998
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  • 53 1 □m U7150 (-31.77) U 588J6 (-16.16) CT HAUETHOOD: U* Dm STOCK HAXXET IKDJCES KLSKCOMP 5SSL2S SIKKH H,Ulte_-IKB HANG SUNG MHJ1—126-79 SCTINDKX J44JI 1641 JAKARTA OOMP—***** -&M MANILA COUP —IjmM 44-81 TAJPHWH U8UK -6024 8B0UCCQKP HMO +411 CLSA CHINA B KAM 414 AUSTALLORO 2.67M -ttl 12 hoob GST Chop
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  • 64 1 FOBEX BATES L'S$ S$ U5J 1.645 £(USS/S$per£) U87 1776 DM tm UH TCT BM i Upl HKt 7.748 0.212 BMT-—— *71 (Itf KUPtAfi 7jS75_.MH* •mum*** PUKE BATES SINGAPORE* Cil KLALA LUMPUR Hit JAKARTA AM BANGKOK 1475 MANILA AM HONGKONG 16.26 TAIPEI &M SYDNEY &46 TOKTO 160 SEOUL It* ZURICH
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  • 617 1  -  Bat foil economic recovery still hinges on external factors, they say By. Anna Teo [SINGAPORE] With the stock market at an eight-month high even after a two-day correction, economists say it could give a much-needed fillip to economic sentiment, and probably point to better
    Source: Bloomberg  -  617 words
  • 305 1  -  Investors winding down positions ahead of book closure By: R Sivanithy [SINGAPORE] Regional stocks closed mainly weaker yesterday as foreign investors wound down their positions ahead of their year-end book closure. Setting the tone was a 2 per cent fall in Japan and a 4.28 per
    305 words
  • 425 1  -  Indications also of slowdown in layoffs next year By. Audrey Tan [SINGAPORE] One in every 10 firms will compensate their workers when the Central Provident Fund (CPF) is cut by 10 points next year, a poll has found. The
    425 words
  • 732 1 ANWAR'S TRIAL Reuters AFP [KUALA LUMPUR] The prosecution in the sex and corruption trial of Malaysia's sacked finance minister Anwar Ibrahim said yesterday it will produce as evidence a mattress believed to be stained with semen. Senior police officer Musa Hassan told the capital's High
    Reuters; AFP  -  732 words
  • 557 1  -  Poll shows business sentiment down sharply in Sept-Dec From, Anthony Rowley in Tokyo AFTER a brief interlude of optimism last week, the mood in Tokyo financial markets plunged back into pessimism again yesterday after a gloomy report on business conditions from the Bank
    AFP  -  557 words
  • Page 1 Advertisements
    • 143 1 imsidb TW Fifty orf— Lee Han Shih on why corporate mergers could be bad for the property market Pf 4 j-.n m. L J UMfar PBV§BW Standard Poors has placed the ratings tor USsl34.sm worth of debt papers secured on the rental income of Ng Teng Fong*s Pacific Palisades undo:
      143 words
    • 29 1 Market reports, Pg 20-24 Asean Summit: Reports on Pg 7 Asean speeds up bond plan by 10 years Will Hanoi summit mark a milestone? Excerpts from Hanoi's action plan
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    • 249 1 Foreign, Local shares see yawning price gap, Pg 15 These two exquisite watches, in the shape of peaches, are called <<For China>>. The craftsmen of Geneva were renowned yk for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of
      249 words
    • 9 1 Tokyo may cut GDP forecast to 2%, Pg 3
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  • SINGAPORE AT HOME & ABROAD
    • 355 2  -  200,000 to 350,000 workers will be laid off in current recession: economist By Conrad Raj THERE is a potential unemployment time-bomb ticking away in Singapore as recent cuts in the labour force are just the tip of the iceberg, warns
      355 words
    • 548 2  -  But figures do show rising number of mortgage sales By\ By Siow Li Sen and Corinne Kerk ARE Singapore banks sitting on a pile of repossessed properties? And will they unload these properties on the market and kill off any recovery
      548 words
    • 540 2  -  By l Carol Eng RESORT developer and operator Yalong Development Co linked to one of China's biggest corporations wants to raise 500 million renminbi (5598.8 million) from Singapore investors to expand its resort in Hainan, which is one of China's 11 designated national
      CHRIS LOH  -  540 words
    • 358 2  -  Indon inqniry team to provide update of probe on Friday By< Conrad Raj SILKAIR has settled in foil with the families of five of the 104 passengers and crew who were killed when one of its aircraft crashed near Palembang in 3umafra, Indonesia, on Dec
      358 words
    • 330 2  -  By Audrey Tan SINGAPORE'S foreign reserves continued to climb in November, to $124 billion, preliminary data from the Monetary Authority of Singapore (MAS) show. The figures show a steady increase in official foreign reserves since the middle of this year, as Singapore
      330 words
    • 206 2 insurer Guardian >* m exchange has secured operational headquarters status, jjJlch comes with certela■ fx benefits, for its re!r£t&fi&Toffice here. The company moved its regional centre from Hongkong to Singapore in August last year. The regional office here, Guardian Royal Exchange (Asia Pacific), is
      206 words
    • 344 2  -  ETE OK THE ECONOMY Finance By\ Soh Tiang Keng TOTAL bank loans in Singapore fell a second straight month in October, by 2.3 per cent year-on-year to $137.7 billion, according to the latest figures from the Monetary Authority of Singapore. The October decline is
      Source: MAS  -  344 words
    • 490 2  -  Byi Corinne Kerk PRIME office rents will consolidate next year, with any further downside limited to between 10 and 15 per cent, said property consultancy, CB Richard Ellis, in its annual review of the sector. This follows a 38 per cent fall in
      Source:  -  490 words
    • 442 2  -  It hopes to maintain rates in tamtam after refurbishment By\ Marissa Chew THE 13-year-old Sheraton Towers will get a new look come August 1999 when a $25 million refurbishment project is completed. Its director for marketing and business development, Peter Hildebrand, said in an
      442 words

  • ASIA'S ECONOMIC SLUMP
    • 403 3  -  Oct decline marginally better than average fall of 14.3% in Q3 From Eddie Toh in Kuala Lumpur MALAYSIA'S manufacturing output» thfe second biggest contributor to the economy continued to be anaemic, contracting by a hefty 13.7 per cent in October against the same month last
      403 words
    • 344 3 Sale likely to draw bids from 6E Capital, Goldman Bloomberg [BANGKOK] Thailand will today auction more than US$ll billion (SslB.l billion) of loans originally extended by now-defunct finance companies in a sale expected to attract bids from companies including General Electric Capital
      Bloomberg  -  344 words
    • 339 3 AFP Bridge News (HONGKONG] Hongkong's business environment will remain poor in 1999, but a recovery is expected in 2000, according to an American Chamber of Commerce (AmChsm) survey of member companies in Hongkong. The annual survey, released yesterday, showed that while 94 per
      AFP; Bridge News  -  339 words
    • 260 3 Reuters [HONGKONG] China's econ omy is headed for two years of relative calm because it has the domestic borrowing capacity to continue spending on infrastructure. Credit Suisse First Boston senior regional economist Dong Tao said yesterday. Mr Tao, speaking at a briefing on
      Reuters  -  260 words
    • 185 3 Reuters [TOKYO] The Japanese government is likely to revise down its forecast of gross domestic product (GDP) for this business year to around -2 per cent from the current forecast of -1.8 per cent, a government source said yesterday. "Taking into account the
      Reuters  -  185 words
  • Page 3 Advertisements
    • 69 3 P *jL Ix 2- /jlf jliS IjimkX I '.%Sbw:, klj/m! mm fifLy 1- 'b* 2:u DURING A RACE YOU LOSE OVER 2 PINTS OF BODY FLUID. THAT'S LIKE A CAR RUNNING OUT OF FUEL. IN THE END THE ONLY THING THAT KEEPS YOU GOING IS MENTAL EFFORT. 1 MIKA HAKKINEN
      69 words

  • FOCUS: PROPERTY
    • 593 4  -  THIS PROPERTY COLUMN Corporate streamlining hits properties in the $L2m to $3m range By Lee Han Shih U"W TOU really have to look at the purchasing power W that professionals have," I Steven Choo of property consultants Jones Lang Wootton told the Far Eastern
      593 words
    • 566 4 Properly auctions coming up «3| TUESDAY, DEC 15 (&30pm) Grand Plaza Parkroyal Hotel, Ballroom 2 91A Lor LTelokKurau: development site, t0,G35sqft/RT" r 12 Rochafe Dr. 2-sty detached. 12.240 sq 16 Rochafe Dr: 2-sty detached, 12,478 sq M=H" v ~t25St 92 Farteigh Awe: 2 1/2-sty detached, 4,234 sqWFH**
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  • Page 4 Advertisements
    • 287 4 UQUIDMGTAL I is pure energy "S •»< j..vf- 7' i :^t|... After Sscconds riM>>—ißiiwrw i» he aiitritirt tin itrw 1- r-'-n I After 25 scconds The baMboundng on «t*l come* to r««t «fttr about 7 Mconds On manfum It yMSenter IB seconds. After 75 —conde The M in pi UqMMUHaMd
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    • 89 4 AURORA made in Italy M Clearance Sale USUAL _NOwj $46.50 piMT $31.50 475 $142-50 $595- $178.50 $270.00 $96.00 U95" $58.50 *250" $75.00 3 BBK P wr $118.50 -52+5 $64.50 $72.° 0 lP|s> 810 $84.00 SZSOO $1,750.00 $1,550.00 W- $2vooo $1,000.00 WT#* ShSSO $925.00 8 18 Kt solid gold z' anniversary
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    • 217 4 CHANGI SOUTH FULLY-FITTED OFFICE SPACE -v. FOR LEASE -.i .1.-- M With aircon/false ceiling/partitions 100% move-in condition Ample carpark i f 4 4 k Near Changi Airport Very reasonable rental KNIGHT FRANK PTE LTD 228 6894 228 7334 We provide consultancy services on offshore structures, shelf companies and incorporations in
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  • Page 5 Advertisements
    • 323 5 I NOW THAT WE'VE.MERCED WITH CORESTATES, I IT'S ABOUT THE ONI.V I I'l ACE WE DON'T OPERATE. YET. I I > I Jf '$r j# .> w > j£*- LM* >- > ij** v I /&-IJZ-A <&*?, >wi? fij 11 |or oNtr '.|oO vr.irs, !oi rSI.iU s ,iiul lis |»r<
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  • REGION
    • 646 6 KUALA LUMPUR They see him as having the edge over two front-runners to succeed Mahathir Reuters THE race to succeed Malaysian Prime Minister Mahathir Mohamad is under way, and a former adversary who spent years in the political wilderness is building momentum. Dr Mahathir told
      Reuters; FILE PHOTO  -  646 words
    • 102 6 KUALA LUMPUR AFX-Asia THE government will not allow any increase in power tariffs until the year 2000, Deputy Energy, Communications and Multimedia Minister Chan Kong Choy was quoted by Bernama news agency as saying. He said the government will also not interfere in
      AFX-Asia  -  102 words
    • 335 6 JAKARTA Move comes after mob rampage in Solo, says report AFP THE head of police in the Indonesian province of Central Java has ordered his forces to shoot rioters on sight after a mob rampage in Solo, a report said here yesterday. "I
      AFP  -  335 words
    • 241 6 SYDNEY Reuters AFP NOBEL peace laureate Jose Ramos Horta says former Indonesian president Suharto should be arrested for crimes against humanity, just as former Chilean president Augusto Pinochet had been arrested in London. Mr Horta said Mr Suharto and "his clique of generals" should
      Reuters; AFP  -  241 words
    • 354 9 HONGKONG Firm defaults on USssm payment, one of several bills it's unable to repay Bloomberg GUANGZHOU International Trust and Investment Co, one of the financial arms of the southern Chinese city of Guangzhou in Guangdong province, missed a US$5 million (SsB.2 million) payment on
      Bloomberg  -  354 words
    • 325 9 BEIJING He affirms policies which help China overcome crisis Reuters CHINESE Premier Zhu Rongji has said China faced "complicated, and heavy" tasks'of economic reform, development and stability in 1999, the People's Daily said yesterday. "Next year's tasks of reform, development and stability
      Reuters  -  325 words
    • 173 9 SHANGHAI Reuters THE People's Bank of China has opened three more regional branches in a broad restructuring aimed at making the central bank more independent, the China Securities newspaper said yesterday. The three new branches are in the north-east city of Shenyang, the
      Reuters  -  173 words
    • 63 9 [BEIJING] A Chinese worker standing on a glass awning as he cleans the outside of a newly-constructed shopping mall in downtown Beijing yesterday. A recent survey said a majority of urban workers in China's major cities were earning more than 500
      REUTERS  -  63 words
    • 236 9 BEIJING Zhn Rongji says China has overcome Asia's crisis AFP CHINA'S state-owned enterprises are expected to generate 40 billion yuan (557.9 billion) in profit in 1998, Vice-Premier Wu Bangguo said on Sunday. Mr Wu, speaking at a national economic and foreign trade conference, urged
      AFP  -  236 words
    • 112 9 BEIJING AFP FOREIGN direct investment (FDI) in China is expected to reach US$45 billion (Ss74 billion) this year, about the same level as last year's, the official Xinhua news agency said. The agency quoted the China Economic Herald, which carried the figures, as saying that China
      AFP  -  112 words
  • Page 6 Advertisements
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  • ASEAN SUMMIT
    • 662 7  -  forward tt 8000 underscores new priority Reportshvm Yang Razali Kassim m Hanoi ASEAN has accelerated its plan for bond markets by 10 years. Ministers meeting ahead of a summit of Asean leader* this week have brought forward the deadline from aoio to
      662 words
    • 1699 7 goal o! Asean leaders must be to ensure that the current financial maelstrom will never be allowed to recur [HANOI] MASAKI Okada, a senior official from the Japanese foreign ministry, had been specially despatched to Asean to prime journalists on what to expect from
      AFP  -  1,699 words
    • 392 7 BtinbuininthitkiMl Hiutai pin if 4ctitw IN recognition of the need to address the current economic situation in the region, Asean shall implement initiatives to hasten economic recovery and address the social impact erf the global economic and financial crisis. These measures reaffirm Asean commitments
      392 words
  • Page 7 Advertisements

  • Page 8 Advertisements
    • 63 8 Liberate your company Telstra you deep, ingenious improve y jjfc already 200 of the Fortune 500 companies technology. JFe can do the same for %jplstrtr Think beyond technology*" Singapore* 800 6161 call +61 2 9262 9160 or fax +61 2 9264 6885. d|»§»p4 Email: thinkbeyond@telstra.com.au Internet: www.telstra.com.au *Freecall number is
      63 words


  • REGION/WORLD
    • 568 10 SEOUL IkiitlwratlMway (•r*UBs2bfcr«J<n atoaknltiPwißiittf rtratagie partner Bloomberg SOUTH Korea said it will list State-run Korea Telecom on tto domestic stock exchange next week, setting the stage for a USta billion (513.3 bilHon) stock sale overseas and tjp pursuit of a strategic partner by the nation's
      Bloomberg  -  568 words
    • 328 10 SYDNEY Reuters STRIKING coal miners brought Australia's biggest export industry to a standstill yesterday at the start of a 48hour industrial backlash after reports of a secretly negotiated drop in prices. The strike by 10,000 coal miners began at midnight after unconfirmed
      Reuters  -  328 words
    • 83 10 [TOKYO] Students qf a Tokyo business school wearing the costumes qf the famous "47Samurai"in the Ginzashopping district qf Tokyo yesterday to ram money far the annual end-qf-year charity. The day is remembered hy the Jqpantsejbr the 47 loyal retainers of Lord Ako who attacked
      AFP  -  83 words
    • 325 10 BRUSSELS AFX Asia THE EU wants the US to put pressure on Malaysia to accept a World Trade Organisation pact to reduce tariffs on printed circuit board manufacturing equipment, European Commission sources said. The comments followed what US Trade Representative
      AFX – Asia  -  325 words
    • 425 10 NEWDELHI 280b rupee project's fundi won't be included in budget Reuters Bernama INDIA will set up a special fond to construct a 7,000 km road network that will cut two swathes across the vast country, Prime Minister Atal Behari Vajpayee said
      Reuters; Bernama  -  425 words
  • Page 10 Advertisements
    • 214 10 Cashmere in leather. Or how to advertise your Christmas bonus. Tp celebrate the opening of am new boutique, we are giving away 2 (astern Oriental Exnceu rail tickets to one lucky customer. v'jfi fejrftp Make a purchase of 1000 or more at the Seeger boutiques in Singapore from now until
      214 words

  • THE WORLD
    • 500 11 WASHINGTON He says lengthy impeachment process not in the interest of the US Bloomberg PRESIDENT Bill Clinton said he'd accept "any reasonable compromise" if it would save him from impeachment by the House and a lengthy trial in the Senate on whether he should be
      Bloomberg  -  500 words
    • 189 11 LONDON Reuters BILLIONAIRE investor George Soros hinted on Sunday that he may speculate against sterling if Britain remains out of the European single currency. Mr Soros, who reputedly made US$l billion (Ssl.6 billion) from sterling's exit from the EU Exchange Rate Mechanism
      Reuters  -  189 words
  • Page 11 Advertisements
    • 283 11 US policy faces paralysis, Pg 12 V v -y People will stare. Some might even want to touch. But really, who can blame them? With its aggressively lowered front spoiler and dynamically sporty looks, \L I s *i the Mercedes-Benz C-Class deserves all the attention it gets. Choose between a
      283 words

  • EDITORIAL & OPINION
    • 674 12  -  imonon OPINION By Loh Hui Yin The writer is a BTcorretfmftent in Hongkong AT leapt some people In Hongkong are still enjoying the good life. While Hongkong's economy contracted in the first two quarters on&08, and is expected to shrink 4 per
      674 words
    • 150 12 'I! anybody tells you the government is going to onange the value of the ringgit, tell them to jump into the sea' -IhlMltiakiaM Malaysian prime minister, an whither Ute ringgit's 3.80 peg to the US dollar would be adjusted. The Taliban has imposed a draoonian Catch-22 on
      150 words
    • 619 12 EDITORIAL THE US House of Representatives is scheduled to meet this week to debate whether to impeach President Bill Clinton for his oonduct in the Monica Lewinsky scandal, the seoond president in American history to face suoh a vote in the House. The move follows the
      619 words
    • 1272 12  -  Dtw'iikarf^raf ■M-jwrma mkHynOt* frailty tf the fliudal system By By Roger Altman The writer, an investment banker, served as deputy secretary of the US Treasury in the first Clinton administration LAT-WP jfiAKTtitiUAlisa and erupt ing volcanoes are tame com pared with
      LAT-WP; FILE PHOTO  -  1,272 words
    • 799 12 WITH blood from the Black Friday tragedy not yet even dry, the Armed Forces (Ahri) has announced it plans to forge ahead and recruit tens of thousands of civilians to help maintain security in Indonesia. Few people will question the legality of the plan since the
      799 words

  • EXECUTIVE LIFESTYLE
    • 692 13  -  There are no outrageous sidekicks in Prince of Egypt, reports bebwabd wmuihaub BERNARD WEINRAUB NYT TALKING about the film that has consumed him for nearly five years, Jeffrey Katzenberg said: "You can't do in Prince of Egypt what you did in Little Mermaid and Beauty and
      NYT  -  692 words
    • 790 14 BOOKS Business people seem to have been weaned off the guru-inspired quick fix FT THESE are curious times in the business book world. There has not been a real business blockbuster since Gary Hamel and C K Prahalad's Competing for the Future published in 1994.
      FT; FILE PHOTO  -  790 words
    • 303 14 PROFILE AFP [LONDON] Welsh film star Anthony Hopkins says he will quit acting because he Finds it "very bad for one's mental health", the weekly News of the World said on Sunday. Hopkins, 60, said in an interview with the tabloid that after 35
      AFP; FILE PHOTO  -  303 words
  • Page 13 Advertisements
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    • 118 13 24 December 1998 W Chmsmas Eve tti ImexnaTionaL Buffer Dinnen and Dance J Grand Ball Room, Level 2 $28.0+++ per person /IV/v( (adult) i \m $18.00+++ per child JwK'., (bdow 12yearsold) Inclusive of novelties, glass of v A sparkling red or white wine (jf Jf\ 1 lucky draw coupon with
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    • 138 13 [Ifsumoay BRUNCH 00-" PER ADULT J 1 WITH FREE-FLOW Of CHARLES HEIDSIECk' CHAMPAGNE. REP WHITI WINE draught tiger peer and FRESH FRUIT JUICES >2Sso*** PER CHILD m WITH FREE-FLOW OF SOFT PRINTS PAOLO JpL PING'S PASSiONATIIv iTAI'AN t ASTTPULLV CHINESE ROYAL CPOWNE PIAZA SINGAPORE 25 scots poap Singapore milo By.
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  • Page 13 Miscellaneous
    • 714 13 TV&BADIO EZISIXSZIiZISSHHHHHHHHHHHHHH 2.30 PM TV Innovations. 4.00 Kidz Blitz: Sesame Street. 100 Kidz Blitz X'mas: Festival of Family Classic: A Christmas Tree. SJO Kidz Blitz X'mas: Santa And The Desert Chil- InH dren 6.00 Teletubbies. o*o Little Bear. I 7.00 WikiSpirits. 7*o Asia Sport Show. Ft Jt7 fir®* VM 8.00
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    • 148 13 CRYPTIC CROSSWORD 1& 17 Extra information pro- 8 Not a galley, but may be (5) vided from more re- found in one (7) mote army 14 Pacific islander is a man with detachments (7,7) a tan, perhaps (9) 2 Making one's name as a writ- 16 Prepares for a costume
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  • Page 14 Advertisements
    • 71 14 ODBSCARD CENTRE 'lanm/ H^BrKl aa«J success I 5 5 i! 5 s W 4.1, 8 i 5 21 3 ti -s_~ s c A sanctuary to renew the soul. A time to purify the mind. A voyage to a different peace. Away from the world of interwoven affairs ofpeople and
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  • Page 14 Miscellaneous
    • 179 14 'I'm WEATHER Singapore* Slightly hazy and cloudy. Temperature (30/26 C) I*l—■ UW OmL Jmnfca 7/14 mm SkxfcMai 3/i Aom Aurkkad IHI dandy Mem IV» dear VVwh Yl dandy asr w Boad*y 24/51 Aown AMkntaa doudy tmmtm WB* (ML BndMK Wt7 ekw&) Ateaa V» dear Barm Ana IVX dondv Braw tVH
      179 words

  • COMPANIES & MARKETS
    • 632 15  -  Price differentials have widened by as mach as eight-fold within three months By: Ven Sreenivasan [SINGAPORE} The liquiditydriven rally whici began in September lias dramatically widened the between the foFelgn and local tranches of stocks. Tlw foreign share preminyi<w the seven dual tranche
      632 words
    • 471 15  -  This is to avoid making farther trading provisions By, Ang Wan May [SINGAPORE] Centrepoint Properties has reclassified three potentially loss-making developments, thereby avoiding the need to make further trading provisions. The developments at Tanjong Rhu, Holt Road and Hillview Avenue are now treated as
      471 words
    • 684 15  -  HOCK LOCK SIEW Russell Baker THE Commonwealth Bank of Australia's managing director David Murray is not known for his tact. Mr Murray recently complained that the average Australian should be congratulating Australia's "Big Four" banks for maintaining a prudent financial system in the face
      684 words
    • 326 15 Key markets put in disappointing performances [SINGAPORE) The regional economic crisis and fierce price competition were the main reasons why F&N CocaCola (FNCC) reported a disappointing $44.4 million loss for the year ended Sept 30. At a briefing for analysts
      326 words
    • 452 15  -  By. Louis Beckerling [SINGAPORE] Embattled ma-rine-engineering group, Van Der Horst, has conditionally cashed in an investment in a Philippine electricity producer for a total of SI 15.5 million to help reduce its crippling debt pile. In a statement released after
      452 words
    • REGIONAL COMPANIES
      • 359 16 Inchcape Marketing shares soar 20%; trading suspended from today [SINGAPORE) Inchcape pic is in talks that may see the sale of its $IUO million stake in Inchcape Marketing Services (IMS), whose shares yesterday soared more than 20 per cent
        359 words
      • 252 16 Reuters [KUALA LUMPUR] The restructuring of Malaysian conglomerate Renong has been handed over to the newly setup arbitrator, the Corporate Debt Restructuring Committee (CDRC), said Second Finance Minister Mustapa Mohamed yesterday. "At this moment we have decided that we should discuss this with the
        Reuters  -  252 words
      • 586 16  -  Papers secured on rental income; interest coverage deteriorates From i Quak Hiang Whai in Hongkong CREDIT rating agency Standard Poors has placed the ratings for U*****.5 million (*****.2 million) worth of debt papers secured on the rental income of Ng Teng Kong's Pacific
        586 words
      • 531 16  -  W Ven Sreenivasan [SINGAPORE] Tonic food maker Cerebos Pacific sank into the red for the first time since it was listed some 15 years ago. The maker of the famous Brand's Essence of Chicken posted a loss of $8 million for
        531 words
      • 440 16  -  PBL proposes Asssom share swap with Crown Ltd From, Russell Baker in Sydney AUSTRALIA'S richest man, Kerry Packer, has made a fresh attempt to grab control of the Crown Casino in Melbourne. His listed media group Publishing Broadcasting (PBL) yesterday unveiled an
        440 words
      • 240 16 [SINGAPORE] The closir.g date for the subscription pf Singapore's first Dow Jones index warrants has been extended by one day due to market conditions. Tang Wee Loke, director of Kay Hian Pte Ltd, the selling agent, said response had been slow as prospective investors were
        240 words
      • 133 16 Bloomberg {SYDNEY) Telstra Corp's dominance of Australia's telecommunications market is under threat after the antitrust authority made a draft ruling that will allow competitors to access directly its phone and data networks. The Australian Competition and Consumer Commission said its proposed decision would
        Bloomberg  -  133 words
      • COMPANY Briefs
        • 42 16 [SINGAPORE] CarnaudMetalbox Asia said 20.99 million of its warrants expired on Dec 11 with zero conversions, i The warrants were issued with the company's renounceable rights issue in 1993. CMB's issued capital remains unchanged at $73.48 million.
          42 words
        • 79 16 Reuters [SINGAPORE] Ipco International Ltd said yesterday its subsidiary. Ipco Constructors Sdn Bhd, will receive 35.2 million Malaysian ringgit (5J15.2 million) in compensation for a contract termination from Pekah Sdn Bhd. The sum is for the termination of a contract for the engineering and
          Reuters  -  79 words
        • 93 16 Elec Eltek's share placement AFX-Asia [SINGAPORE] Elec Eltek International Ltd said its Hongkong-listed parent Elec Eltek International Holdings Ltd has agreed to place some 11.26 million shares in the company at US$5 apiece. The placement to independent investors represents about 9.94 per cent of the issued share capital. The price
          AFX-Asia  -  93 words
        • 72 16 AFP [BANGALORE, India] Compaq Computer Corp of the US yesterday unveiled a tie-up with Singapore-listed Electronic Resources, a major Asian distributor of computer products, for a larger slice of the Indian market. Compaq said it planned to expand its hardware and software sales from
          AFP  -  72 words
    • COMPANIES
      • 364 17 Major revamp to boost flagging profit as oil prices near 12-year low Bloomberg [LONDON] The Royal Dutch/Shell Group, the world's biggest publicly traded oil company, said yesterday it will take a charge of US$4.5 billion (557.4 billion) to sell assets and cut staff
        Bloomberg  -  364 words
      • 352 17 NYT [SAN FRANCISCO] Microsoft's archrivals, Sun Microsystems and Oracle, were poised yesterday to announce a joint effort to make corporate computer users less reliant on Microsoft's Windows software. Sun and Oracle intend to create network server computers that users of desktop machines
        NYT  -  352 words
      • 491 17  -  SBC'URITIMATIOIT ASIA COXFEREMCE Crisis has sparred govts to facilitate process: speakers Reports by' Wong Wei Kong WHILE the number of successful securitisation transactions in Asia has fallen in 1998 because of tough market conditions, there is still a groundswell of activity which supports an
        491 words
      • 456 17 [SINGAPORE] A good way for Singapore to develop its securitisation industry is for the government to provide broad guidelines with enough leeway for the market to develop its own model and products, according to securitisation experts from CIBC World Markets, the investment
        456 words
      • 189 17 Bloomberg [SYDNEY] US long distance company MCI World Com Inc yesterday launched a AJS2O million (*****.2 million) takeover bid for OzEmail Ltd, one of Australia's biggest Internet service providers. Jackson, Mississippi state-based MCI World Com has already secured 14.9 per cent of OzEmail for
        Bloomberg  -  189 words
    • FINANCE & COMMODITIES
      • 264 18 Bloomberg [NEW YORK] Older Treasury bonds are paying big premiums compared with the benchmark the most at year-end in at least a decade handing traders an opportunity and the Federal Reserve a reason to consider cutting interest rates. The bond sold a year
        Bloomberg  -  264 words
      • 400 18 Allegations of price-fixing, coordination among association members FT [ROME] The Big Five accountancy firms are being investigated in Italy for allegedly running a price-fixing cartel in the statutory audit market for listed companies. An Italian Competition Authority spokesman said there had been
        FT  -  400 words
      • 180 18 NYT (NEW YORK) A new study on the US credit card industry finds that only 3 per cent of those filing for bankruptcy can repay even a small part of their credit card debts. Earlier this year, when the
        NYT  -  180 words
      • 278 18 Economist says Fed tried to get buyers for Bankers Trust Bloomberg [WASHINGTON] The Federal Reserve tried to line up buyers for Bankers Trust Corp before Deutsche Bank AG revealed it was negotiating to buy the eighth-largest US bank. The Economist magazine, citing three unidentified
        Bloomberg  -  278 words
      • 297 18 Reuters [WELLINGTON] New Zealand has revamped its ground-breaking state accident insurance regime, opening the way for employers to find private coverage and insurance companies to compete in a market estimated to be worth NZ$l.2 billion (Ssl billion) a year. But the changes contained in
        Reuters  -  297 words
      • 201 19  -  SDKEUieports Mgf!lMti|ipipnwftTnAw Edward Cheung, Jardine Fleming THE start of the week for the MSCI Singapore Index futures witnessed a re-play of the sell-off on Friday. The market opened on its high at 215.00 in the lead month December futures and immediately dropped into the trading range
        201 words
      • 162 19  -  MSCI Taiwan fatnres Perry Gilbert, Refco Singapore THE Simex MSCI Taßvan Stock Index futures traded in a tight range over the session with retail orders dominating volume mainly through UOB Bullion Futures, Pltilip GNI Futures and Ong First Chicago Futures. Institutional buying was noticeable at the
        162 words
      • 363 19 ENERGY REPORT Reuters [LONDON] Groggy oil prices hammered by a glut rose unsteadily yesterday after the architects of global output cuts said they would meet again to tackle oversupply. Cash-pinched petroleum powers Saudi Arabia, Venezuela and Mexico plan to meet
        Reuters  -  363 words
      • 325 19 Bloomberg Bloomberg, AFXAsia Irrni4ttn THE dollar remained in a "softish" mood, undermined by Wall Street's weakness and the ongoing decision process on impeachment of US President Bill Clinton. "All these things in the background are the main reasons for the weakening dollar. There is really nothing else to
        Bloomberg; Bloomberg, AFX- Asia  -  325 words
      • Article, Illustration
        1210 19 PITBKBAini CROSS KATBS pecu A$ CS —fc ICH Ffr Dw HKi Yan Won M MZSNfcts Nw tt tmt HT$ *M Hmt Australia 0.951 4.171 0.517 3.405 1.015 4.788 26.316 46.087 0.7U 7.43$ 2-348 t»7 32.*****.068 1017 3597 0J17 19.*****.078 0266 0.6)8' Canada 1052 5.395 0.544 3.582 1068 5.037 ***** 48.480
        1,210 words
      • 1733 19 8IC0M FUTURES Dec 14 lUtKR Mm <taM| as it SJOpa) RSS1 CONTRACTS caata/kt) Om VoiWM OpM Montfc l» Ul »<tl (tmM) IHwrt Jan 99 106.75 150 F#b 99 W7.T5 UTS Mar 99 110.00 1475 A*r/JMt 99 1*50 2250 JiK/Stp 99 m.00 Oct/Sac 99 122.50 75 RSS 3 CONTRACT (US can*/*)
        1,733 words
    • Article, Illustration
      1332 20 Reuters AFP P Hang Seng -126.79 STOCKS drifted to a lower close yesterday as weaker overseas markets and concern over impeachment proceedings against US President Bill Clinton gnawed at the market, brokers said. The Hang Seng Index lost 126.79 points, or 1.27 per cent, to end at 9,825.21. Turnover
      Reuters; AFP  -  1,332 words
    • Article, Illustration
      544 20 Reuters n Shenzhen B Index -0^0 SHENZHEN'S B Share Index closed slightly lower yesterday, with buyers remaining scarce on expectations of no improvement in market fundamentals in the short run, analysts said. The B Index lost 0.20 of a point to 55.25 on turnover of HKJ6.6 million. "It is
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  544 words
    • 350 20 AFP AFX-Asia □wp Index -50.24 PRICES closed 0.7 per cent lower yesterday as investors stayed on the sidelines despite the government's announcement that it will continue to support the stock market, analysts said. "Investors were waiting for action, not lip-service, from the government," said Core Pacific Securities Lai Tsung-yu.
      AFP; AFX-Asia  -  350 words
    • 2297 20 LONDON Mistrials •KM N«t» *h 31 Group 556.000 -2.000 AS Ports 291.400 -8.600 AMev National 030.000 -39.000 A Mod Domocq 546.400 -5.600 AIM Zurich 805.400 -28.000 Amac 176.000 -2.000 Aida Croup 146.400 1.800 BAT tad 519.000 20.000 BG Pic 396.200 *14.000 BICC 66.400 *1.000 BOC Group 854.400
      2,297 words
    • 1598 20 Bloomberg D Nikkei 225 -2H02 JAPANESE stocks fell to a one-month low after the government said it will take over Nippon Credit Bank Ltd, raising concern other struggling lenders may be nationalised under an industry bailout begun in October. Exporters including Sony Corp also slipped as investors worried the
      Bloomberg  -  1,598 words
    • KUALA LUMPUR STOCK MARKET
      • 384 21 AFP Composite Index +7J3 MALAYSIAN share prices closed 1.3 per cent higher yesterday due to follow-through buying despite a mild bout of late profit-taking. "There was institutional buying support on index-linked stocks," a dealer with a local brokerage said. The Composite Index rose 7.13 points
        AFP  -  384 words
      • 9003 21 INDUSTRIALS Cbmmmt protects 1998 Lnt Vei Day Net C*p HI# U» C—nn Mt •OOP Hifh Low P/l tmk 320 170 Ajmomoto 300 -6 13 306 300 16.6 121.6 146 35 Angkasa 101 -1 146 110 101 146.9 310 123 Apollo Food Hlg 279 unch 5 290 279 9.7 111.6 366
        9,003 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2397 22 •ONOS, LOANS ft WAMANTS m 1998 Last v<x Day Laat OiMt* *1 High Low St no Cwn#wiy S<M COOP) High Law Bwyaf >•"« Met 205 3 3160 "Acar ******1 USS M *0.5 54 14 13 13 14 95 4.5 31*4 Acma ******4 18 unch 41 18 17 J 17.5 18.5
        2,397 words
      • 171 22  -  WARRANT WATCH ft/: R Sivanithy ONE warrant that hasn't been caught up in the recent fever but has instead seen quiet support is the Jurong Engineering 2002 instrument. In fact, it has quietly been creeping up albeit in modest volume, so perhaps a review
        171 words
      • 216 22 NONflKQNt STOCKS Cr C* NN LMl Vai Day Last Ouata M DO TH M M Cap Hl» U» Stna Corner, lata COOP) HI* L— fciyar *—af C'w H P/T tffli 400 250 5123 CDU2000) MK 400 8 2.4 2 20-5 7744.7 5124 Cathay Pac 20c HK 720 265
        216 words
      • 235 22 AFP □Wellington -2HB NEW Zealand shares dipped in late trading yesterday as investors caught the mood of a slumping Australian market, dealers said. The NZSE-40 Index closed down 22.02 points, or 1.1 per cent, at 1,919.55 on moderate turnover of NZ599.4 million. tecM m *h tmm ANZBankif* 1230 0.10
        AFP  -  235 words
      • Article, Illustration
        767 22 AFP d SET Intel -15.41 THAI shares slumped 4.3 per cent yesterday reflecting the trend of weaker regional markets, dealers said. The SET Index fell 15.41 points to 344.89. The sell-off by investors of the big market capitalisation issues "as well as negative sentiment in overseas markets attributed to
        AFP  -  767 words
      • 410 22 AFP H Composite late +4J3 SOUTH Korean share prices closed yesterday 0.7 per cent up in volatile trade, with strong retail interest offsetting profit-taking following the announcement of Korea Telecom's listing, dealers said. Retail buying relieved selling pressure from the announcement that the staterun telecom monoply would be listed
        AFP  -  410 words
      • 572 22 AFP HjAnQrdißMMi -515 AUSTRALIAN shares closed down 2.0 per cent yesterday on a continuing slump in commodities prices and weaker overseas markets. The All Ordinaries Index closed down 53.5 points at 2,676.5. The All Resources Index finished down 31.3 points at 902.4, while the All Industrials lost 83.7 points
        AFP  -  572 words
      • Article, Illustration
        716 22 AFP P Composite Index -OJH) INDONESIAN shares yesterday closed 0.2 per cent lower with falls on selective big cap shares pressuring gains on second liners, dealers said. "The trading of second liners was quite active, which helped limit the (impact of) falls of selective large cap stocks," a dealer
        AFP  -  716 words
      • 313 22 AFP PjjMfc -3tn PHILIPPINE share prices closed 1.9 per cent down as investors locked in profits from last week's gains, analysts said. The Philippine Stock Exchange Composite Index fell 34.81 points to 1,800.80. Volume hit 266 billion shares although value was low at one billion pesos from Friday's 768
        AFP  -  313 words
    • 5889 23 Transaction dato Dec 14 LMt V«( Day Lest Oust* Wv 0t» YM Met Cj* l„gi u JtM c .mM"Y M rOOO) HK» L— Buyer Seller C w P/t ,m k IfUlTt* INDUSTRY ',42 49.5 m t tOOO Acme50« 72 2 'f 5 72 5
      5,889 words
    • 1077 23 Cf Of M Wt tooa Last Vd Day Lnl Oualt OK Mv YM MM Cap A»g Htqh Loa SIN* Company 5«H COOOI L—r 8»yr »*8*r C'¥T MANUf ACTURtMG 243 30 2049 -AS Aut. IOC 102 -7 1003 109 102 102 103 ISM 7 1.5 9.6 116.5 IK) 89 5
      1,077 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        406 24 Stocks Votonw Elec 80c 22.814,000 S Finance Wt99 7,399,000 UOL WtOI 7,269,000 ST Capital 25c 7,199,000 SingTel 15c 5,164,000 InchMarkt 50c 4,972,000 Keppel Bank 4,533,000 Wing Tai 25c 4,347,000 Progen IOC 3,534.000 Keppel LandWOO 3.484.000 Stocks Elec 80c 114.046.680 UOB Foreign 18,859,144 SPH 17,292,887 Keppel 8ank 13,416,570 SingTel 15c >3.254.633
        406 words
      • 653 24  -  STOCK W A Rikirt' COMMENTARY Fall in line with losses elsewhere in region and on expectation of softer Wall Street opening; farther winding down of positions expected By R Sivanithy [SINGAPORE] As expected, the local stock market weakened in thin volume
        653 words
      • ON THE GRAPEVINE
        • 160 24 OCBC Bank, it Is said, has come up with an innovative method to retrench some of its "deadwood". The bank has apparently set up a "contingency pool" whereby those who end up in that unfortunate group would be given notice to find new jobs within a period
          160 words
        • 81 24 IF you planning on having a quiet cup of coffee at the Sheraton Tower's coffee shop, you'd better forget about sitting al fresco by their waterfall, pleasant as the atmosphere may be. It seems there is a four-metre python slithering around the place. The management
          81 words
        • 89 24 DESMOND Supple, a well-known commentator on foreign exchange and other matters economic, has been appointed head of research for Asia by Barclays Capital. Mr Supple joined Barclays in 1997 as a director and head of emerging markets economic research. In his new position he
          89 words
        • 153 24 QUESTIONS about love, marriage and sex were posed to New York kids aged five to 10. Their answers, published by the New York Times recently, offer an alternate take on the annual State of the Nation address. What do most people do on a
          153 words
      • Article, Illustration
        81 24  -  by Shiv Taneja ELEC Fltek International closed 52 US cents lower yesterday at US$4.BB on a volume of 22.8 million (block deal: 22.5 million) compared with its 10-day traded average of 278,600 shares. The daily and weekly RSI and Stochastics are quite near the oversold level, but there
        81 words
  • Page 15 Advertisements
    • 95 15 Head Office: 4 Chang Charn Rd, Singapore *****3 Sole Agent: I TBIISVIGW \jOll W; 476 0955 Fax: 476 0977. S-mail: transvi«w.go»f#pacific.n«t.t<| Z 4th Level, Daimoru Orchard, Plaza Singapore. Tel: 333 4403 4th Level, Isetan Wisma Atria. Tel: 735 5543 #01-05 Mandarin Hotel Shopping Arcade. Tel: 738 1155 3rd Floor, Isetan
      95 words

  • Page 16 Advertisements
    • 70 16 < SSMw W State-oi-the-ArtHat* Cold Pools Area with Pkate use ctr psA endxicc 3 Temosek Boulevard, #05-001 ffld park at B1 fed parking 1 Suntec City Mall, Entertainment Centre zone. Moekey <HH4O) or B2 Zebra (HH39), Singapore *****3 Business Hours: 10am 12am Your Strategy «i'-%i|gpfj# To Success. Weekend Business Analysis
      70 words

  • Page 17 Advertisements
    • 508 17 Further Cost Cutting ***$££21 with OUr financial district, Corporate Package successfully combines the old-world service with the new-world amenities, S$ 11 J Single Double w >w stay truly comfortable Welcome drink memorable. Deluxe room on corporate floor Daily buffet breakfast Free pressing of 2 garments per stay Complimentary coffeolea making
      508 words

  • Page 18 Advertisements
    • 681 18 Q323 GRP LIMITED (Incorporated in the Republic of Singapore) < sseoso& 2 i»i 9 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of GRP Limited will be held at No. 11 Tanjong Penjuru Crescent, Singapore *****4 on the 30th day of December 1998 at
      681 words
    • 724 18 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes inoafobb a a a a f MM MM ■tri ivi I MMI HOLDINGS LIMITED I (Incorporated (n the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING I a NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of MMI HOLDINGS
      724 words






  • Page 24 Advertisements
    • 2080 24 Tanglln Mall, every third Saturday ol the month. spm 11pm 3 BUSINESS Not ires To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF MAGENTA INVESTMENT PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) Al an Extraordinary General Meeting of the Mcmbcn
      2,080 words
    • 19 24 OCT TO n MOW m See Sunday aJjMf a Sunday Classified special on antiques, collectors' items, and arts crafts
      19 words
    • 28 24 HtEEI If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JLT.S. at 1800-737-1166. CATJS. Another Classified Service
      28 words

  • SHIPPING TIMES
    • 310 25 Bridge News Reuters RATES remained weak in most areas of the market after a week where owners saw little opportunity to even repeat last done rates, brokers said. The US Gulf/Japan grain rate came under pressure although it looks to be stabilising now around the mid-US$l2.OO range. Biffex
      Bridge News; Reuters  -  310 words
    • 288 25 sis iHBHHP 'mo OkA II W CWT Distribution 0.49 unch 41 ChuanHup 0.52 *0.005 25 Cosco Investment 0.52 Freight Links 0.185 -0.01 961 G8 Homings 0.38 -0.01 26 Hai Sun Hup 0.42 -0.005 183 Hitachi Zosen 0.74 *0.015 519 IMC Holdings HK 5.60 Jaya Holdings 0.525 *0.01 5
      288 words
    • 474 25  -  New rate structure, to begin Jan 1, will save customers administrative costs By Felix Chan [SINGAPORE] PSA Corp yesterday unveiled further simplifications to its container storage and handling rates structure for shipping lines calling at its terminals. The simplification exercise, which the port operator
      474 words
    • 100 25 [SINGAPORE] Schlumberger has designed and built its first fully integrated multi purpose service vessel (MPSV), Bima. Built in Singapore at PPL Ltd, the MPSV is able to provide all services necessary for the evaluation and production of oil reserves. All equipment required are fully integrated into
      100 words
    • 449 25 Bloomberg [NEW YORK] Baltimore, New York and Halifax made the short list for a deep-water hub port for Maersk Line and SeaLand Service Corp that could become a key port for a new generation of mega container ships. Maersk-Sealand, one of
      Bloomberg  -  449 words
    • 188 25 [SINGAPORE] Singapore Telecom is lowering the rates of calls from Singapore fixed line subscribers to Inmarsat mobile earth stations by 10 per cent for its four Inmarsat services from today. Inmarsat specialises in providing global satellite telecommunications for the maritime industry. Rates for calls
      188 words
    • 967 26  -  TRANS-PACIFIC SHIPPINO Rate recovery plan sets rates at least US$9OO higher per 40-foot container from next May 1 By. Albert Pierce The writer is executive director of the Trans-Pacific Stabilisation Agreement (TSA) and the Westbound Trans-Pacific Stabilisation Agreement (WTSA), carrier discussion and policy setting group in
      FILE PHOTO  -  967 words
    • 235 26 PACE ECL 5 ACL 6 Evergreen ANL 3 'oongSun 8 9 Accord 8 G Appenship 5 G«nartrens 8 Austral 8 HaiSunHup 8 Balaji Shpg 4 Hi0 9 1 7 BSA 7 "«>)'" 3 B'tang Mas 8 Heung-A 7 CCNI 7 7 CMA 8 tFS 3 COSCO 5
      235 words
    • 17991 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VMS* Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona SIN Dast'n Nan* Nam* MumMr Numbar SIN Dast'n Nan* Nam* Numpar Numbar ■■■■■■N8MMHMMM8MMMMMM8MNMMMMNMMMNHMNM* 25/12 05/01 Evargraan HANJIN CHEJU 425 65-3921H1 To ABIDJAN (ABJ) 2003 Cot* D'I voir* 25/8 05/01 Triastino hanjin cheju *n
      17,991 words
    • SHIPS IN PORT
      • 808 37 Vtntl Voy No Barth Arrival Depart urt Bartalt LHtl 02/96 JWW alongside 15.12/1200 M C Bom *****6 JOt alongside M.12/1800 Bt Ca Muda *****8 J01 alongside 14.12/2100 K Citra Aba DECM J01 alongside 14.12/2359 Bt DM IKS *****0 J01 alongside M.t2/1800 Bt Ool R9 N *****6 J01 alongside
        808 words
      • 1853 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balanct Rstls Ship Voy No Etb/Btr Porkxl From To From *t. NrtMciu om 16/1200 w M/BOO m/»» ww n *0500 14/* 51 M/1900 2A M/1700 15/0*55 15/0900 21 M/1700 15/0*55 15/0500 J IS/0700 8/T89 B/MOO 4 15/1200 8/M59 8/1700 MUM*m
        1,853 words
      • 218 37 Deo 23 Japan: Emperor's Birthday New Year Holiday. Dm 24 Finland: Christmas Eve. Deo 25 Nether land: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas
        218 words
      • 960 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on average-sized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        960 words
      • 476 37 Carton HO Mo 990.2 3.9 17.4 O S 78 0.07 Ok 3 Density Water Residua Ash Aluminium Sediment No abOM E25 0 1110 300 Ave 967.9 0.3 15.3 0.07 31 0.02 two. 380 M«> 995.2 0.8 19.6 0.K 61 0.06 »v/v %*m M/W w —tiw Mo
        476 words
    • LAND TRANSPORT NEWS
      • 571 38 Other planes landed safely daring the six months instrument landing system was turned off AFP [SURAT THANI, Thailand] Airport managers refused to take the blame for the Thai Airways tragedy yesterday, despite admitting that an instrument landing system (ILS) was turned
        AFP; REUTERS  -  571 words
      • 393 38 AFP [SEOUL] South Korea's Hyundai Motor Co Ltd said it would become the world's ninth largest automaker in 2003 when it would jointly produce 2.5 million vehicles with newly-acquired Kia Motors Corp. "We will jump into the ninth place in the world
        AFP  -  393 words
      • 175 38 Reuters [MUSCAT] Oman Air said on Sunday it has finalised a US$25 million (5541.25 million) lease deal for two Airbus A3los with the US International Lease Finance Corporation. "The two new planes will join Oman Air's fleet in February and March," Majed bin Saeed al-Rawahi,
        Reuters  -  175 words
      • 194 38 Reuters [RIYADH] Saudi Arabian Airlines Corp plans to sell 17 old aircraft on the international market after new planes entered into service, the company's chief executive said. Saudi Arabia's Arabic-lan-guage al-Eqtisadiah quoted Khaled Ben-Bakr as saying the state-owned airline had stopped all
        Reuters  -  194 words
      • 336 38 Bloomberg [TOKYO] Japan Airlines Co and All Nippon Airways Co, Asia's two biggest airlines, said they will raise business and first-class fares for the first time in five years on because of increased costs. The new fares will take effect on April
        Bloomberg; FILE PHOTO  -  336 words
      • 229 38 Bernama [MELBOURNE] International air fares, especially for first and business classes, are likely to continue rising as airlines seek to recover losses from the Asian economic downturn. The American Express Airline Index says price hikes will be part
        Bernama  -  229 words
      • 1811 38 CITY FLIGHT ETA FLIGHT ETD LM778 1650 $026 2355 MM BA7381 1930 BA7382 2050 «4578 1650 LH779 2359 0F81 1930 0F82 2050 $***** 1650 NZ4579 2359 AN8229 2230 *«0 S***** 2359 LH6380 2230 W S0229 2230 Fukuoka S0969 1730 S0990 0115 Amtardaai KLS43 0540 GA972 0040
        1,811 words
      • 289 38 Both sides negotiating round-the-clock: union Bloomberg [MEMPHIS, Tennessee] FDX Corp's pilots union said that while contract talks are progressing with Federal Express, the world's largest overnightdelivery company, the talks may stalemate on the issue of pay. The union last month dropped a
        Bloomberg  -  289 words
  • Page 25 Advertisements
    • 22 25 Trans-Pacific lines cope with dramatic changes Rate recovery plan sets rates at least US$9OO higher per 40-foot container from next May l.Pa#e2
      22 words
    • 557 25 •> D 3330 Alain Montredon, chief executive IT in Ports is a new report published by officer of Compagnie d'Affretement Cargo Systems examining the impact of et de Transport, and Guy Floury, an information technology on ports and the academic and member of the Upper- opportunities it can provide. IT
      557 words
    • 57 25 Thai Airways crash is not airport's fault: manager Other planes landed safely during the six months instrument landing system was turned off. Back Pmgo BVLGAR I Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and. Dickson Watch Sc Jewellery, The Promenade 732 8900 Centrepoint
      57 words

  • Page 26 Advertisements
    • 767 26 LIMPOHT "1 I NOmHAmftlCA I I QULF/INOIAN SUB-CONTINENT I 1 SUPER SHUTTLE EXPRESS 11 IIQULF KARACHI EXPRESS (QKX) "1 Vtssa VOYAGE lg» vissa voy jea mm rah km pkg sm (XXL CAUFOBMIA 32W549 09 12 27/1 2 PtO NEDUOYD DURAI 341 02/12 04/11 04/12 04/1? 11/12 15/11 19/12 20/12 NYK
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    • 610 26 1 WHAT'S NEWT Keep on this spot for new services/clients. EXPORT 3 x Japan •2 x Hongkong -1 x Manila •1 x Kooshiung, Keoiung (Accepting FCI to BKK/NAHA/SENDAI/CEBU/LCH) vt>stt voy wa hen jkt whii %m o«a W kb. khh tyo jg W mtt BJNGA HUNG) QUA 05E144 17J2 Jill ACXPAHUA
      610 words
    • 124 26 Lines services represented I by Members of the Registry of Accredited Shipping Agents. Xg»n 2/ Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess Llh VOB9B 21/12 22/12 30/12 Princess Lih V 6998 12/»l/99 13/11 21/61 LILY MARINE SERVICES SINGAPORE Phone 534 7266/*****46 Fix:
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    • 10 26 ft Members of the 3 sf-l Singapore Freight Forwarders Association
      10 words

  • Page 27 Advertisements
    • 1200 27 I SAX SERVICE (DIRECT) vtssa vor sheta ux oak pal hou or col mem ar nyc msmam oo« 23/12 07/01 12/01 n/01 13/01 12/01 13/01 13/01 14/01 u/oi AgUOjggAMg 022! 30/12 14/01 19/01 19/01 20/01 19/01 20/01 20/01 21/01 21/01 AWJAPf 008E 06/01 21/01 26/01 26/01 26/01 21/01 27/0 27/01
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    • 311 27 KMTC provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 271 2325 P-* (W) 44-24)4444 JMUtt m HAUU (Him, MOfFSU (KiO Wff://WWWJUIIC{OJ» r.tOmf (M) 47-« m« IN.) 47-MQ3N j SHREYAS SHIPPING LIMITED, MUMBAI PREMIER WEEKLY FEEDER SERVICE/SINGAPORE/MUMBAI/PORT KLANG/SINGAPORE VESSEL VOY MUMBAI
      311 words

  • Page 28 Advertisements
    • 1357 28 DSR SENATOR UNES TO UK/CONTINENT TO MEDf iIiLKRANEANCANADA VtSSR VOV a!T LEH HTM MM HAW 88V FO VESSEL VOV SM 6IT SPE FOS W.C MTW TRADE ETERNITY WQBS3 1112 83 B1 02 01 #1 91 801 3312 PACIFIC SENATOR W«MW 11.11 Vl2 2» 12 *1 12 BTBI 1881 HANJIM PORTLANO
      1,357 words
    • 1057 28 am MAC-NELS S'PORE M'SIA I Carrier: MN COMTR LINES, INC P. GUDANG: (07) *****28 I l-IWX- j ONNOiI2OO67SOO°Oa SJBU: (084) *****9 MANILA: (632) *****24 K J PENANG: (04) *****38 BANGKOK: (882) *****57 SURABAYA: (31) *****0 P. KELANG: (08) *****77 JKV. (21) *****07 MOW: (61) *****3 KUOONQ (082) *****1-3 BCN/COA/PIR/LEH PINANG/PORT
      1,057 words
    • 650 28 LINE TIL: *****36 FAX! ***** 1 3 MUARA LABUAN vosa voy fTD ru vessb vor no eta SPOKE MUAKA vou UN STtAITSHOPE VJ3I/W lt/U n/1I STMITSMOK VSX/Wl«/12n/12 CAKAKAJNB-32 VIIE/W 24/12 27/12 (AKAKA 888-32 V2II/W 24/12 21/12 STUTTSHOPI V34E/W 01/01 STKA/TS HOPE V341/W 24/12 M/ 01 CAKAKA JNB-32 VOIE/J9 02/01 05/01
      650 words

  • Page 29 Advertisements
    • 1321 29 [vessel voy sin sip pkq pen pqb dob shj ba I BIK I IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 0«/01 IRAN BABAEI PJLI326 01/01 11/01 10/01 12/01 14/01 IRAN TAKHTI PJLI324 08/01 18/01 17/01 19/01 21/01 PQB= Mina Qabooj OUB Dubai. SHJ Sharjah. BA Bandar Abbas. BIK > Bandar
      1,321 words
    • 2796 29 Wttkly to Evrof* icli Mil Kvtry Monday mmi Saturday I Diract to Ira—nhav»i in 20 day J SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) T""T205!or ,B THOREOmar™ 11,, lll^^^™l COSTAR SHIPPING PTE LTD #17-o«obsildg sales/rkgs 420sssz/60 inward dipt a/a *****55 COSTAR AGENCIES (M) SDN
      2,796 words

  • Page 30 Advertisements
    • 1363 30 EUROPEAJK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE IHV IHV THP RDM ANW HBG PKI SGP I DEVOTE RW-004 16/12 08/01 13/111 M/ 01 11/91 12rt1 13/01 E REWARO RE-D3l 11/11 21/11 20/11 23/11 24/11 17/12 li/12 E DEVELOP RW-004 27/12 15/01 20/01 18/01 16/01 19/01 20/01 E REFINE RE-616 20/11
      1,363 words
    • 1176 30 ADVANCE CONTAINER LINES (PTE) LTD I 140 Cadi Street. #12-00, PIL Building, Singapore *****0 Li TEL *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********06 OPERATIONS: IAWOKOK JAKARTA (Wttkly i Slgt PAT/2 Slgj LCH/1 Slfl BMT) (5 Salling»/WMt) VESSEL VOY UN WCK VtSStl VOY SIN JKT MAIBN ~064M 16/12
      1,176 words
    • 610 30 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vksu vot sin mi nut m err to NAOTAI DRAGON VOIOS 20/12 29/12 02/01 05/01 04/01 NANTAI HtINQ VO2tS 27/1? IQ/B1 "W H/Dl NANUI VENUS ».031S 03/1)1 11/01 15/01 11/01 19/01 73/01 GOLDEN WAGON VOOfS 11/01 20/01 24/01 77/01 21/01 Ijjijy
      610 words

  • Page 31 Advertisements
    • 489 31 BSfl a. Mft MYANMA pBBk FIVE STAR LINE W (Myanmar National Lint) Loading for Yongon (Rangoon) VESStI VOT SIN PKI PIN PGU SJTTWI I3W SID OAWII 2W 70/12 MALAYSIA AMNTS: lOUSTEAO SHIPPING AGENCIES *UL m (03)*****00 PKI: TEI 103) *****01 PCM: TU (04)26)2402 PGU: Til (07) *****21/4 BANK LINE (A
      489 words
    • 1730 31 HMMO HYUNDAI MERCHANT MARINE CO., LTD. IVKSB ~VOT~ SRI I SOU I LB4 I KTM I 4HT I HAM lIVI FE IVRSE VOYI SOU I 184 I MTM I ANT HAIM I BBV IFB SW DANUBE 542W 17/12 04/01 09/01 06/01 07/01 NOLCOtAL 0041 21/11 27/11 22/11 24/11 15/12 NOIPEARI
      1,730 words
    • 1031 31 <| nooMigian ipeaotzcd ouHxomuri Qfs)§(oXS Wilhelmsen Lines 10 NORTH AND LATIN AMERICA *«*<> HEAVYUFT StRVKr VESSCL VOY RAMP HEIGHT SIN lAX CRL NUA SAV ML ORF NYC NEW MOt TOURCOING F824 4001«h 6.3 M INPORT 09/01 ***** JT7oT 23/01 25/01 2*/01 27/01 01/12 05/02 TAPKKA F9Ol 400 IMS 6.3 M
      1,031 words

  • Page 32 Advertisements
    • 887 32 BANGKOK/ MAP TA PHUT/ LAMM CHABANO JAKABTA/PAMJAMO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 263N Tn Pt 19/12 ANRO GQWA' 063 In Pt 19/12 NANTA BHUM" 424N 16/12 19/12 20/12 GURU BHUM 108S 16/12 20/12 KOTA RATNA RNAO73 16/12 19/12 GURU BHUM 106 SB
      887 words
    • 579 32 -mam INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERtSEP SERVICE vst vor I srott j roAW/roMilH iutc Iwouw [Mffwtif" A VIS«l 11/91 tf/tt 19/97 OMIT lt/tl TO AUSTRALIA I FULL CONTAINER SERVICE va Iwrlnw at m mlsto m m oa m mumuip on i;/» n/n v/\r 91/9t m/h <;/oi h/»i USUMI
      579 words
    • 1022 32 VESSELS VOY f SN I PKL I MLA LEH RTM HAM ZEE SOT VWJ-E DC TANYA T2SW IVI2 Wtt 28/12 04AM 06A)1 O&OI jgj OftOl VILLE DC TAURUS A29W ZVI2 2A/12 QSQI 12A» 13AM IVOI 18/01 17/01 VHEO-AQUAMUS U2B¥t 30/12 11/01 18AM 19X01 2tWl 22A)1 Z?01 VNXE DE AWTABES L2BW
      1,022 words
    • 17 32 CONVENTIONAL/BREAKBULK SERVICE LOADINO Ml COLOMBO/CALCUTTA IS.IIM LOADINO FOB DUBAI/ABU DHABI/DMM 18.18.88 LOADINO FOB MADBAS/CHINNAI/CHITTAOONO 14.1 B. BB
      17 words

  • Page 33 Advertisements
    • 51 33 Il New Advertisers/Services/Agencies I r New Service to Middle East Wan Hai Lines Page 5/" i DIRECT SERVICE to Calcutta Shipping Page 12 (Mon/Wed/Fri) MEXICAN LINE TRANSPOKTACION MARITIME MEXICANA, SA de CV. Is Now with Ben Line Agencies on Page 8 New Service to Calcutta/Haldia SAMUDERA SHIPPING LINE Page 12
      51 words


  • Page 35 Advertisements
    • 45 35 Dial74o-6000 Oil G€VTI3nG (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg; To New York (NYC) 2275 u£) Key in your fax number I your phone number Anothw innovative service offered by document Wi 11 be Shipping Times
      45 words

  • Page 36 Advertisements
    • 145 36 mmagamm I_FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
      145 words

  • Page 37 Miscellaneous
    • 124 37 :-»(>) •Mf\ i VW; LEGEND R Thunderstorm Temperoture V Shower Weather Wind (fraction with speed in knots Rom Cloudy Sky Wov height Surfoce winds of# indicated by arrows which Hy with th« wind One ful circle represents calm or kght and variable winds One half Heche represents 5 knots One
      124 words