The Business Times, 28 December 1998

Microfilm: NL21361
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    14 1 MITA (P) 04ti/12^98 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ MONDAY, DECEMBER 28, J998
    14 words
  • Article
    MARKET SUMMARY
    56 1 STOCK MAMETIHDICES Week Change STL 1,*****. -13.21 SIMSCI FUTURES.....215.S8 -d.08 BMW *****. -4.06 KLSECOMP. ***** +1.91 NIKKEI 13,706.73 -487.56 HANG SENG- 10,*****...+66.97 SET INDEX. ***** +135 JAKARTA COMP. 400.51. -3.44 MANILA COMP 1,*****.....+45.79 TAIPEI WPl 6,683.00 +204.89 SEOUL COMP 565.36. +30.51 CLSA CHINA B .536.60....+12 J0 AUST ALL
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  • Article
    FINANCE
    78 1 FOBEX BATES uss ss USS 1.666 (USI/SJ per 1681 2.781 DM u 1.670 0.991 YEN 11U 1.423* RM 3.960 0.485 HKS 7.743 0.214 BAHT .3615 0.046 Rl'PlAH 7,775 JJU* SS to 100 uits PBIHE BATES SINGAPORE* 111 KUALA LUMPUR 11.99 JAKARTA J8.M BANGKOK 14.75 MANILA. 22.99 HONGKONG 1035 TAIPEI
    78 words
  • Article, Illustration
    Banks' bad debts worse than admitted: Tokyo
    781 1  -  Watchdog reveals much higher 49t yen figure; data could jolt banks into action From Anthony Rowley in Tokyo JAPAN'S official Financial Supervisory Agency (FSA) chose Christmas Day to deliver what looked like a dubious gift for the nation's banking system, in the shape
    781 words
  • Article
    Lock icon Perilous road ahead still for Asia with US, Europe slowing
    790 1 AFP [HONGKONG] Asia's troubled economies head into 1999 hoping against hope that a recovery will kick in at least by mid-year, but their prospects are fraught with risks beyond the region's control, economists warn. As the New Year beckons, eight
    AFP  -  790 words
  • Article, Illustration
    Lock icon Y2K bug's the focus in fuzzy 1999 electronics picture
    618 1  -  Problem likely to boost hardware sales, but only in HI By, Jennifer Lien [SINGAPORE] The millennium bug looks like the main story for electronics stocks next year but nobody seems to know the storyline exactly. After a year largely characterised by
    Source:  -  618 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      152 1 mgmE PC boom A boom in personal computer buying is powering the biggest increase in semiconductor sales since 1995, boosting fourth-quarter profit at Intel Corp. The whole industry, in fact, is picking up, Pg4 umomema s targets Homegrown high-tech firm Innomedia hopes to ramp up its sales and climb into
      152 words
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      Page 1 Advertisements Column 2
      79 1 Remembering Jakarta's Black Friday r» 0W 4 AflVBs Br *§1 %2 ir V T>. «r <5 fli Indonesian students lighting candles and mourning at the supposed spot where students were shot dead by troops during the Black Friday tragedy of Nov 13. The youths went ahead with the ritual in
      79 words
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      Page 1 Advertisements Column 3
      133 1 Tokyo admits being tardy infighting recession, Pg 3 with up to 20% discount. Enjoy unprecedented great offers when you dine with VISA at ail Tung Lok Group's Restaurants, from now till 27 February '99! Lung' Court Complex A Charming Garden :20% off Noble House :20%offijf^^ Copdvxne Orchid Singapore UIC Building
      133 words
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      Page 1 Advertisements Column 4
      12 1 PC boom fuels biggest rise in chip sales in 3yrs, Pg 4
      12 words
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  • REGION
    • Article, Illustration
      Lock icon Tung accused of not showing leadership
      422 2 HONGKONG Martin Lee says Tang's response to Li Ka-shing's criticism was inadequate AFP THE leader of the Democratic Party yesterday slammed Hongkong's Chief Executive for failing to stand up for local interests and peeling back democracy in the territory. Democratic Party chairman Martin Lee
      AFP  -  422 words
    • Article
      Lock icon HK govt rating plunges: survey
      176 2 HONGKONG Reuters HONGKONG'S satisfaction with the overall performance of the government has plummeted in the second half of 1998, compared to the same period last year, a survey released yesterday showed. The survey, conducted by the Hongkong University's Social Science Research Centre, showed that 22.7
      Reuters  -  176 words
    • Article
      Lock icon Dozens hurt in 3 outbreaks of violence in Indonesia
      291 2 JAKARTA Troops deployed in Medan and two Sulawesi towns Reuters TROOPS guarded three different locations in Indonesia yesterday after separate outbreaks of Christmas violence in which dozens were injured, government officials and police said. In the Sumatran city of Medan, about
      Reuters  -  291 words
    • Article
      Lock icon Portuguese lawyers want Suharto extradited
      137 2 LISBON AFP PORTUGUESE lawyers said that they would seek the extradition of Indonesia's expresident Suharto for his alleged role in the genocide of a third of the population of the former Portuguese colony of East Timor. The Portuguese section of the International Jurists' Commission (CIJ)
      AFP  -  137 words
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      Page 2 Advertisements Column 1
      219 2 THE OF SINGAPORE H ISSUE CODE NX99IOOS I ISJSUE DATE 12 JANUARY 1999 I MATURITY DATE 15 JANUARY 2009 I INTEREST RATE TO BE DETERMINED BASED ON THE I jl AVERAGE YIELD OF SUCCESSFUL H PRICE TO BE DETERMINED AT THE AUCTION I INTEREST PAYMENT DATES 15 JANUARY AND 15
      219 words
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      Page 2 Advertisements Column 2
      84 2 Gushing Over f Our special Christmas package of 50 s'gallon I bottles of mineral or distilled water and a dispenser comes to you at a very special price that's assured to quench more than your thirst! W9l s- C; JSI k i i tj£t i H* j m fflfc 3plP^H
      84 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Japan govt admits being tardy in fighting recession
      400 3 TOKYO Tokyo failed to foresee impact of slow disposal of bad loans, says EPA AFP THE Japanese government admitted yesterday that it has acted too' nonchalantly in pulling the domestic economy out of a recession stemming from the burst of the "bubble
      AFP  -  400 words
    • Article
      Lock icon Taipei plans to list govt projects on Net
      224 3 TAIPEI AFP TAIWAN'S economic ministry is planning to set up a Web site listing government procurement projects estimated to be worth several billion US dollars, a news report said yesterday. Although no exact figure has been given, government construction projects normally cost
      AFP  -  224 words
    • Article, Illustration
      Lock icon Indian economy not in a panic situation: minister
      292 3 NEWDELHI Govt will achieve upturn with positive growth, he says AFP INDIA'S economy, troubled by more than two years of slowdown, did not face a "panic situation", even though there were areas of concern, Finance Minister Yaswant Sinha said at the weekend.
      AFP; FILE PHOTO  -  292 words
    • Article
      Lock icon S Korea survived 1998 but worst still to come: analyst
      453 3 SEOUL Economy mending, bnt restructuring will bring much pain AFP SOUTH Korea in 1998 managed to survive the brunt of what is billed here as the worst economic crisis since the Korean War, but the coming years will present its
      AFP  -  453 words
    • Article
      Lock icon BoT sees GDP rising 1% next year
      290 3 MBANGKOK AFX-Asia THE Bank of Thailand (BoT) sees 1999 gross domestic product (GDP) rising one per cent after contracting 8 per cent this year, according to a copy of a report to be submitted to a Council of Economic ministers today. The BoT
      AFX-Asia  -  290 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      307 3 Pentium* II processor 233 MHz/ 3.2G8 hard drive/ 12.1" display/ 3.4 kg/ 4.6 cm thin at $3,699. (C/e-business tools Great 12.1 inch TFT display screen. Built-in CD-ROM. Soundblaster Pro stereo sound. And a keyboard so roomy you forget it s a notebook. The Thinkpad 390 packs everything you need to
      307 words
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      Page 3 Advertisements Column 2
      8 3 LG warned not to hinder merger, Pg 4
      8 words
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  • THE WORLD
    • Article
      Lock icon Iraq vows to shoot down allied planes
      403 4 BAGHDAD AFP BAGHDAD raised the stakes in the showdown over arms inspections by vowing to shoot down allied warplanes over Iraq, but the US and British military warned yesterday that their pilots would hit back if attacked. "We have the right to respond
      AFP  -  403 words
    • Article
      Lock icon PC boom fuels biggest rise in chip sales in 3 yrs
      631 4 SANTA CLARA, California US semiconductor industry sees 13% surge in sales in Q4 Bloomberg A BOOM in personal computer buying is powering the biggest increase in semiconductor sales since 1995, boosting fourth-quarter profit at Intel Corp, the No 1
      Bloomberg  -  631 words
    • Article
      Lock icon S Korea warns LG not to hinder merger
      343 4 SEOUL AFP SOUTH Korea's presidential office warned yesterday that banks would impose sanctions against the LG Group for denting a year-long government battle to reform the country's crisis-hit industry. "Financial sanctions are inevitable if LG remains opposed to the merger," presidential spokesman
      AFP  -  343 words
    • Article
      Lock icon Clinton faces spending caps in tight budget
      495 4 NEW YORK He may pnt squeeze on tobacco, close corporate tax gaps Reuters UNITED States President Bill Clinton will have little money for new programmes in his upcoming budget and some areas could face cuts despite mounting surpluses, the New York Times reported
      Reuters  -  495 words
    • Article
      Lock icon Yeltsin says nyet to early presidential polls
      221 4 MOSCOW Russian leader says he's against redaction in powers AFP RUSSIAN President Boris Yeltsin, giving his first television interview in nearly four months, has ruled out any early polls for the presidency. After a new bout of respiratory problems, Mr Yeltsin seemed in
      AFP  -  221 words
    • Article, Illustration
      Lock icon Year of the Rabbit's hopping along
      52 4 [TOKYO] Pedestrians passing under a picture of a rabbit and a good-luck mallet at the entrance of Tokyo's Sensoji temple yesterday. Christmas decorations have been replaced by New Year ones on the streets here, with the theme of the coming Year of the Rabbit.
      AFP  -  52 words
    • Article
      Lock icon LDP talks with Ozawa hit snag
      248 4 UTOKYO AFP JAPAN'S ruling Liberal Democratic Party (LDP) hit a snag yesterday in its bid to embrace renegade Ichiro Ozawa in a coalition that may shake its already fragile foundations. The LDP and Ichiro Ozawa's Liberal Party were haggling at the weekend over policy
      AFP  -  248 words
    • Article
      Lock icon Demo over Sainsbury's Xmas Day opening
      235 4 LONDON Reuters BRITISH supermarket group J Sainsbury pic opened two of its stores on Christmas Day, provoking outrage from church leaders and demonstrators but attracting more than 2,000 shoppers, newspapers reported on Saturday. The Daily Mail quoted the company as saying the shopper turnout
      Reuters  -  235 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      127 4 THE LATEST Hasp DESIGN OF indShesia INDONESIAN great sale prime M'sgtagaM m h or rst me ever one tne biggest joint exhibition under one roof Blallnl lalTO featuring various furnitures from Singapore as well as various Indonesia MRIIIIIII I manufacturers that will bring the latest design of Indonesian prime products
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      Page 4 Advertisements Column 2
      74 4 COOMA, LAU LOH ADVOCATES A SOLICITORS COMMISSIONERS FOR OATHS NOTARIES PUBLIC wish to announce that with effect from today our new office premises are at: 65 CHULIA STREET #43-08 OCBC CENTRE (WEST WING) SINGAPORE *****3 Our telephone, DID and fax numbers remain unchanged: TELEPHONE 535 1822 FAX NUMBERS a Litigation
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  • BUSINESS IT
    • Article, Illustration
      Lock icon Systems integration market in Asia to grow 24% a year till 2002
      516 5  -  S'pore and Malaysia will grow 9% each only, says IDG survey By. Raju Chellam [SINGAPORE] Asia's systems integration (SI) market is expected to grow 24 per cent a year between now and 2002, when it will cross US$l.25
      Source: IDC Asia-Pacific  -  516 words
    • IT TAKES
      • Article
        Library network for MOE
        101 5 THE Ministry of Education will soon get an integrated library network system called Merlin, which will provide ministry staff and students access to any library within the ministry as well as external libraries. Merlin, to be put in place by Carl Corporation and the National Computer
        101 words
      • Article
        Apple luring students for research
        87 5 APPLE Computer has announced a programme aimed at attracting more students to develop Macintosh software, hardware, add-on devices and Internet-savvy applications. The Apple Developer Connection (ADC) Student Programme gives students around the world affordable access to the resources they need to develop the next-generation Macintosh
        87 words
      • Article
        Taking IT to the factory workers
        82 5 THE local labour movement has tied up with the National Computer Board to take IT to factory workers. Their initiative is called the IT Coach, which is a vehicle that will literally bring IT to the doorsteps and help explain the benefits of an
        82 words
      • Article
        Matsushita and Sun to work on Java
        61 5  -  Compiled by Toh Han Shih MATSUSHITA Electrical Industrial Company (MED and *Sun Microsystems have signed a memorandum of understanding to develop Java Technology for digital consumer electronic devices, like TV, phones, personal digital assistants and air conditioners. Under the memorandum of understanding, MEI
        61 words
    • Article
      Lock icon Sun to unveil Java-type storage software
      167 5 Bloomberg [PALO ALTO, California] Sun Microsystems Inc, inventor of the Java programming language, plans to unveil similar software designed to take on market leader EMC Corp in the computer-storage business. The new software, called lets all types of computers get information from all kinds
      Bloomberg  -  167 words
    • Article
      Lock icon Services galore from online brokers
      592 5 But some counsel caution because of the overwhelming flow of information Bloomberg [NEW YORK] Online trading firms, once no-frills sites for investors who want to trade at cut-rate fees, are now touting extras such as institutional research, access to initial stock sales and mortgage advice.
      Bloomberg  -  592 words
    • Article, Illustration
      Innomedia gears up for better results next year
      747 6  -  It's pinning hopes on the Internet telephony market to hit the target By' Toh Han Shih {SINGAPORE) Homegrown high-tech firm Innomedia hopes to ramp up its sales and climb into the black next year, Innomedia sales director Lim Jew Tim told BusinesslT.
      747 words
    • Article
      Lock icon Waiting for the Millennium Bug
      276 6 AFP [LONDON] The countdown to the millennium has set the world's computer wizards ablaze, with just one year to eradicate the dreaded "Millennium Bug" from hardware around the globe. The spread of computers to the most far-flung parts of the planet have made it impossible
      AFP  -  276 words
    • Article
      Lock icon IBM is starting to bet more on software
      518 6 It sees software's 75% profit margins, USsl3b in revenue as key to earnings Bloomberg [ARMONK, New York) John Thompson wanted to keep International Business Machines Corp's software workers happy. So when the software chief met new employees after IBM agreed to buy
      Bloomberg  -  518 words
    • ON THE SHELF
      • Article, Illustration
        Iomega's USB storage drive
        78 6 lOMEGA Corp said it is shipping its new 100 MB Zip drive with a USB (Universal Serial Bus) interface. The $249 drive is the only high-capacity super-floppy storage solution that is compatible with USB-enabled PCs running Win 98 and with Apple's iMac computers, the company said.
        78 words
      • Article
        NetIQ AppManager 3.0 suite here
        81 6 US-BASED NetlQ Corp is ready with the NetlQ AppManager Suite Version 3.0, calling it the industry's most comprehensive solution for central monitoring of the performance of Win NT environments. The product comes with over 150 pre-packaged performance and service-level management reports, extended hardware monitoring, and
        81 words
      • Article
        NetObjects Fusion 4.0 ready
        67 6 INTRANESIS Communications Pte Ltd is ready with Net Objects Fusion 4.0, a Web authoring software by Net Objects Inc. This is the first product to offer an integrated, visual support for creating business sites that include dynamically generated data, e-commerce capability, and a rich Web content,
        67 words
      • Article
        Win NT Services for Unix Add-On Pack
        86 6 MICROSOFT has announced Windows NT Services for Unix Add-On Pack, for users to integrate Win NT Workstation 4.0 and Win NT Server operating system 4.0 with existing Unix environments. The product gives users access to core inter-operability components in a single, integrated package.
        86 words
      • Article
        High-end Aztech sound card
        69 6  -  Compiled by 1 Raju Chellam SINGAPORE-BASED Aztech Systems Ltd has announced its PCI 368DSP sound card, equipped with a digital signal processor that enables programs to run directly from the hardware, freeing the CPU for other applications. The card supports 3D sound technology and Environmental Audio
        69 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      63 5 THE WORLDS LEADING TT, T ,*r OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS '/S ,\orfri,\iclt' St.iff 'if f)v»T /S •Mil.' tlisn.pl.rx-ri professionals irv I,.<)„!«) jfe L 'ri.vyers. f ti.ii tcfff) ,i< oijfit.ints, fh.irtoroil JM r-rM.-.TMU-ut <,isr p.my -0.,,-..,, M, as Incorporation Fees from USSSOO BAHAMAS JERSEY f| BRITISH VIRGIN MAURITIUS B
      63 words
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      Page 5 Advertisements Column 2
      178 5 FESTIVE SET MENUS WITH THE INNOVATIVE XIN TOUCH MPHBfSfertsrtft Trio Vegetable Mousse 'Xin' means new. 'Xin' means innovation. r* Choose from 4 Add a special touch to your festive celebrations afforc^ibleenus with Xin's innovative Festive Set Menus a harmonious blend of Chinese, Continental and Japanese culinary techniques and influences. COURSE
      178 words
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      Page 5 Advertisements Column 3
      193 5 cs. smodbve n j to 1998. At Le Meridien -Oathn Xon t hostmi /ncmls jot a //oishnms send <>H to /o\r I 99, V wil/i a lotl si of hub!>lx. Neic Year's Eve Buffet Dinner $*>().()() /in adu/l inclusive of noi'i'll/es tree enter la in turn! 7.(10 lo /1.00 jnn.
      193 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1863 6 BALANCE SHEETS (BANK ACCOUNTS) STATEMENTS OF OPERATIONS (BANK ACCOUNTS) December 31.1997 and 1996 Years ended December 31,1997 and 1996 1997 1996 IQQ7 IQQ£ (In Millions) (taMMor*) (tnMKore) Won Won Won Won £SE!S OPERATING REVENUE Loans-local currency Interest Income: Loans to corporations Interest income-local currency Loans to individuals 1,061,774 1,706,118 Loans
      1,863 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Bargain hunters' day
      638 7  -  Shopping the day after Christmas is a tradition many relish, says stjsam sachs SUSAN SACHS NYT YOSHIHITO Higashi was breathless with excitement. The Japanese student visiting New York City for the holidays said: "I know there are many Christmas sales, so I have very much to do
      NYT; FILE PHOTO  -  638 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      608 7 Where to wine, dine and entertain... Fma t- tewSSr New purchases Insurance. *90 4545 <st» Rwtorantt Carvse Crftßhowe Cafe by the Pool International Buffet Dinner $33.00~* adt.it $18.00~* cj.ua 6.30pm to 10.30pm $#♦$83 G^r/>//?i 2)t2y ;>'!3BS RistoraaU C aruso Hi-Tea Buffet Lunch $21.00~ adult $14.00" chiid IZ.OOnoon to S.OOpm ><
      608 words
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      Page 7 Advertisements Column 2
      115 7 Kyi 24-hour Coffee House Ist floor The CHicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 Book HOW £o* l\S feS+tVC From 21 st December, and right through the festive season, get ready to celebrate Christmas and New Year in style—at Singopore Marriott Hotel. For
      115 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      976 7 CRYPTIC CROSSWORD 1 Arrive once more to harvest 5 Effective temporary housing j at the riverside (6) 9 Knitwear for town (8) HI W 10 Seat unruly sailors at the back H Hi IB 12 Deadlock involving old ship's I I I 1 officer SB HE IH 13 Decoration of
      976 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon EML bail-out plan likely to be abandoned: sources
      610 8  -  Takeover vehicle facing suits; Indon businessman said to be seeking return of $3m deposit By* Conrad Raj [SINGAPORE] Nearly two years after proposing to bail out suspended television tape manufacturer Electro-Mag-netic (1992) Ltd (EML), Indonesian businessman Joseph Gondobintoro has yet to execute
      FILE PHOTO  -  610 words
    • Article, Illustration
      M'sia's black Septembers
      748 8  -  MARKET MATTERS Much still needs to be done If KL is to avoid a third occurrence By Eddie Toh THE month of September at least for two years in a row has been highly eventful in Malaysia. In September 1997, market players were spooked by the brief
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    • COMPANIES / FINANCE & COMMODITIES
      • Article, Illustration
        Former Stanchart CEO feels at home in Visa
        771 9  -  Job switch unexpected but no culture shock and it's not a big change, he explains By* Clarissa Tan [SINGAPORE] Three months ago. Malcolm Williamson was the global chief executive of international banking group Standard Chartered. Today, he is credit card giant Visa
        771 words
      • COMPANY Briefs
        • Article
          Acma's CMI in US$6m stock sale
          95 9 [SINGAPORE] Tooling and injection moulding company Creative Master International, a subsidiary of Acma Ltd, on Dec 23 entered into an agreement with its underwriters Cruttenden Roth for the sale to the public of U556.25 million (5510.4 million) of common stock, which represents about 25
          95 words
        • Article
          Keppel Sec, Tat Lee Sec merge ops
          62 9 [SINGAPORE] Keppel Securities and Tat Lee Securities have merged their operations under Keppel Securities at Keppel Towers with effect from Dec 26. This follows the Court Order approving the scheme to transfer the assets and businesses of Tat Lee Securities, excluding its seat
          62 words
        • Article
          Roly's VGI files bankruptcy petition
          75 9 [SINGAPORE] Vision Group International Corp, a 70 per cent subsidiary of Roly International Holdings, has filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code. Restructuring of VGI is contingent upon agreement to be reached among VGl's creditors. Roly has made full
          75 words
        • Article
          Goldtron posts $1.9m half-year loss
          104 9 [SINGAPORE] Goldtron Limited posted an interim net loss of $1.9 million for the six months to Sept 30 this year, compared to a net profit $5.6 million for the half year to June 30,1997. Group turnover fell 39 per cent to $124.4 million over the
          104 words
        • Article
          ABR losses over 9 months approach $3m
          125 9 [SINGAPORE] For the nine months to Sept 30,1998, ABR Holdings chalked up a net loss of nearly $3 million on a turnover of some $23 million. This was announced in conjunction with an ABR rights issue which had been approved at an extraordinary
          125 words
      • Article
        Lock icon Mitsui Trust plans to halve its holdings of stocks in four years
        311 9 It may sell off stakes in big firms to cut exposure to volatile shares: report AFP [TOKYO] Japan's Mitsui Trust and Banking Co Ltd plans to halve its share holdings, worth some 1.6 trillion yen (5522.8 billion) in
        AFP  -  311 words
      • Article
        Lock icon DaimlerChrysler sales up 13% to 260b marks
        117 9 Reuters [STUTTGART] DaimlerChrysler AG said yesterday its earnings rose significantly in 1998 according to initial estimates and that sales rose 13 per cent to about 260 billion Deutschemarks (*****.3 billion). It said results for next year would reflect the benefits of the US$42
        Reuters  -  117 words
      • Article
        Lock icon Murdoch to invest US$lb in German firm: report
        155 9 AFP [MUNICH] Australian-Amer-ican media magnate Rupert Murdoch is to invest US$l billion (551.66 billion) in the German holding company Taurus, the German magazine Focus said last week. Taurus holds much of Bavaria magnate Leo Kirch's in- debted media group, including several pay-TV
        AFP  -  155 words
      • Article
        UOB opens full-service Shanghai branch today
        185 9 [SINGAPORE] The United Overseas Bank's Shanghai branch starts business today. The branch is located at the Shanghai Stock Exchange Building at South Pu Dong Road, said a statement from UOB. The new branch will be headed by general manager Teo Tiat Chye, and will
        185 words
      • Article, Illustration
        Untitled
        1825 9 PRIME LENDING RATES I BANKS H ABN Amro Bank NV 6V« ABSA Bank Limited 7 Agricultural bank Of China 6 W ANZ Banking Group 7 Allied Irish Bank PIC 6 American Express Bank 7 Arab Banking Corp 7V« Arab Bank PLC 5W Asatu Bank Ltd 7 Ban Hin Lee Bank
        1,825 words
    • COMMODITIES & FUTURES
      • Article, Illustration
        Lock icon Euro to come into focus
        542 10  -  MMI! 1 Weekly Roundup Hiroko Komiya MMS International [SINGAPORE] The highlight of the forex market in the last week of 1998 will be the transformation of the European Currency Unit to the euro. The sure conversion rate wUI be fixed on Dec 31 ahead of
        Source: Simex  -  542 words
      • Article, Illustration
        Lock icon Gold and oil feel winter's chill on subdued commodities markets
        841 10 COMMODITY WeeJclyßoundup AFP (LONDON] The spectre of central bank selling returned to haunt the London gold market with pre-Christmas trading at volatile lows. Gold fell to levels not seen since September amid fears of a reduction in official holdings co-ordinated
        AFP; Source: Bloomberg  -  841 words
    • Article
      COMMODITY PRICES
      1778 10 81C0M FUTURES Dec 23 RUIKt(Mm>daih«KM130pi) RSSICQNTIACttScMtaAt) CUM VMM OpM Month Mjfc low M Bww) Mtftrt T! Jan 99 BUS 80 Fet> 99 104.75 250 T175 Mar 99 107.00 106.50 107.00 1450 875 Apr/JM 99 ALSO 2250 Jul/Sep 99 116.00 100 0d/Dac99 HMO 7) RSS 3 CONTRACT (US ctfrtiAq)
      1,778 words
    • Article
      BT SHARE INFORMATION SERVICE
      4174 11 Net earn era UnUhNtiffl Sep 30 I *9.491 0.051 6IL 0103 Date TV LV TV L* LumChang Sep 10 f 9.912 19.617 2.44 5.04 Ca—any enn ($m) (Sm) (cts) (eti> Lung KM Nov JO I 2X792 50.657 n.9 25.3 ——————mmi Htdgt Sap 21 P 19.767 7.621
      4,174 words
    • MARKET REVIEWS
      • Article
        Lock icon Hang Seng expected to see quiet trading ahead of New Year
        241 12 HONGKONG AFP Reuters HONGKONG'S stock market is expected to trade quietly this week ahead of the New Year, taking its cue from overseas counterparts, dealers said. "All trading activity will depend on market movements overseas. Active trading will come
        AFP; Reuters  -  241 words
      • Article
        ASIAN MARKETS Roundup
        881 12 Sydney *14.7 AUSTRALIA'S stock market will focus this week on cerebral issues such as the introduction of the euro, global deflation and the prospect of a further easing in monetary policy, brokers said. The Australian Stock Exchange closed the week early after a half-day trading on Thursday
        881 words
      • Article, Illustration
        Lock icon Wall St rally in computer stocks may be overdone
        561 12 NEW YORK Some analysts expect these stocks to come nnder selling pressure in Jan Bloomberg AS the best four-year stretch for the US market draws to a close, investors are watching computer-related shares soar beyond anyone's expectations and wincing. The phrase
        Bloomberg; PILE PHOTO  -  561 words
      • Article
        WORLD STOCK MARKETS
        1795 12 PP»riB +180.53 FRENCH stocks rose on Wednesday, led by Societe Generale and other banks on speculation of further mergers in Europe's financial services industry. PSA Peugeot Citroen also rose after press reports said it planned to boost production of its new 206 model. The benchmark CAC 40
        1,795 words
      • Article
        Lock icon Footsie follows Wall St higher in light trade
        314 12 LONDON AFP THE London market rose on the coattails of Wall Street last week, aided further by the minutes of the Bank of England's latest monetary policy meeting, taken by dealers to hint at further interest rate cuts here. The FT-SE 100
        AFP  -  314 words
      • Article
        Lock icon Nikkei seen rising on hopes of recovery in new year
        448 12 TOKYO AFP TOKYO shares are expected to rise in the coming week on hopes by investors that the economy will recover from recession in the new year, brokers said. "Tokyo stocks will increase in the next week on new year's
        AFP  -  448 words
      • KUALA LUMPUR STOCK MARKET
        • Article
          Untitled
          8634 13 *»wwais Cmimmf pnteti 1998 Lilt Vol Kh> Net Cap Hkgb L— Cimpany Sale -Q00 HI* Lew P/l fm 320 170 Afinomoto 285 -15 3 298 280 15.7 ns* 148 35 Angkesa 81.5 -14.5 339 91 78 120.2 310 123 Apollo Food Kig 280 unch 42 280 268 9.7 112.0 388
          8,634 words
        • Article
          Lock icon Listless trading seen in run-up to new year
          410 13 AFP W% Composite Index +L9l MALAYSIAN stocks are headed for a listless week in the run-up to the new year after rising a mere 0.3 per cent in the holiday-shortened week to Thursday, analysts said. "Trading wUI be quiet as most fund
          AFP  -  410 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2550 14 BONDS, (Mas VAJtR ANTS LM Vai waak Laat Own »9 >*** t— «tw C»——y S*M *<f- COOO) HlfH Law Buyar SOMr Prlca 20.5 3 3160 »Acar ******1 US$ 13 unch 399 13 11.5 12 13 95 4.5 3164 Acma ******4 15.5 susp 1065 16 14.5 16 3161 AHTtch ******7 26.5
        2,550 words
      • Article
        Singapore Finance wrt a high-risk play
        193 14  -  WARRANT WATCH By R Sivanithy SCANNING the table in BT's pages for warrants, we find that one of the best gearings available in the local market is offered by Singapore Finance's 1999 instrument. Since the finance sector, together with property, is expected to remain
        193 words
      • Article
        CLOB INTERNATIONAL
        207 14 Or Gr 1998 Last VM «Mt Last Qwta H« M> YH M M C« Hl» Law Stao Cawpawy Sata COOP) M>» L— Buyar S«l«f Cw M $iw« *400 250 5123 COL (2000) HK 400 8 14 2 20 5 7744.7 5124 Cathay Pac 20c HK_ 720 265 2.1
        207 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6209 15 Week ended Dec 24 I er or mm 1998 Last Val «Nt Last OMtl Oiv Dh W IM Cap Avg Mmi L— 8tW> Cwfuy Mt rOOO) L— l«y« lilif Cor P/l twB Ww umlthmmistry 142 49 5 mt 1000 AcmaSOc 68 5 susp 609
      6,209 words
    • Article
      SESDAQ
      1180 15 Or 61 mm 19M Last Vai On Last Qwti IN* M* YM Mat Cap A** MMph L— ftNa Cwnpany I* fOOO) f«h Law guyar Wn CV P/l $H PHta 243 30 a 2049 'ASAutalOc 04 5 -6.5 3343 134 80.5 84 84 5 19 N 7 13 96.5 87
      1,180 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Untitled
        526 16 Source: JM Sassoon Stocks VotaoM DBS Land 30.576.000 ST Capital 25c 29,055,000 Keppel Land50c 14,947,000 SingTel 15c 12,996,000 Van der Horst 12,930,000 KepBank OBS WOO 11,727,000 Keppel LandWOO 11,455,000 Keppel Bank 11,363,000 KepBank W02 10,758,000 SM Summit 10c 10,360,000 Stocks DBS Land 72,358,778 OBS Foreign 64,990,448 UOB Foreiqn 52,683,435 OUB
        Source: JM Sassoon  -  526 words
      • Article, Illustration
        Minimal price changes seen with most investors away
        643 16  -  THE WEES AHEAD A more interesting issue is whether fnnds are still underweight or bullish about local stocks By R Sivanithy FUND managers and brokers are away on holiday and, going by the quiet trading last week, there should be only minimal
        643 words
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      537 8 KI DePfa-Bank Deutsche Pfandbrief-und Hypothekenbank AC Declaration from Deutsche Pfandbrief und Hypothekenbank Aktiengesellschaft, Wiesbaden, regarding the conversion of own debentures into euros Deutsche Pfandbrief und Hypothekenbank AG (hereinafter 'DePfa' or the 'Bank'), Wiesbaden, is exercising its right to convert the Bank's debentures into euros, in accordance with §3 of the
      537 words
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      Page 8 Advertisements Column 2
      96 8 Go On-Line! Trade Singapore shares with Apply Now! Upon approval, every SASS-i aeeount holder will: receive an enrolment gift and a waiver of subscription fees during the introduction period; be entitled to special deals offered by Pacific Internet IBM; be eligible to win an IBM ThinkPad i series; enjoy 6
      96 words
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      Page 8 Advertisements Column 3
      242 8 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (I) VECTOR INTERNATIONAL RESEARCH PTE LTD (II) ASIA SAWMILL COMPANY PTE LTD (IN LIQUIDATION) (FIRST MEETING) NOTICE TO CREDITORS Notice is hereby given that the meeting of the creditors of Vector International Research Pte Ltd and
      242 words
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      100 9 Where to wine, dine and entertain M RING IN K7 THE NEW YEAR f at The Brasserie, 31 Dec '98 CTJ L 5 Reminisce the good times of the past M* year and plan for the New Year ahead Am fjj over a tantalising +course set dinner at The Brasserie.
      100 words
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      Page 9 Advertisements Column 2
      55 9 I How To Have An I I Exceptional I I New Year's Eve I I Celebrate At I I I THE STEAKHOUSE Enjoy full menu selections at regular menu prices H Seatings at 5.30pm 7.30pm 10.00pm H I Reservations Required I I The Oriental, Fourth Storey, 5 Raffles Boulevard, B
      55 words
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      Page 9 Advertisements Column 3
      3 9 Strait Talk SHIPPINGTIMES
      3 words
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      131 11 TAKE YOU* MCKfI B-Beach Chair with Gifts A Windßreaker Cooler Bag Choice of gifts with every newspaper subscription ordered. Newspapers Minimum subscription period Qjfts The Straits Times/The Sunday Times Lianhe Zaobao 6-months Gift A and B The Business Times Berrta Harian 3-months Tamil Murasu Gift A Of B Friday Weekly
      131 words
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      Page 11 Advertisements Column 2
      47 11 iH y? p| rijm ri tii il /1 ii ii rr' iii i I II Any Destination, Any Time. Sailing schedules to the Americas more. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by Tin Hi sinkssTlMLS SHIPHMiTIMKS
      47 words
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      97 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAPLEWEST PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final Meeting of Members of the abovenamed Company will be held on Friday,
      97 words
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      Page 13 Advertisements Column 2
      160 13 W THE MATTER OF THE COMPANIES ACT. CAP SO AND W THE MATTER OF WAYNE MC. PTE LTD (In Vokrtary UquidMion) MEMBERS' VOLUNTARY WMOMG UP NOTICES HERE BY GIVEN Mtw creators ol the abovenamed company, which is bang »««<) up vokrtarty. art requred on or bMon 26 January 1999 lo
      160 words
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      Page 13 Advertisements Column 3
      9 13 [business AVm'trv TURN TO PAGE 16 FOR MORE NOTICES
      9 words
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      91 14 Sole Distributor: I THE SWATCH GROUP SEA. (S) PTE LTD I fl IICMM 8 Q C T TTVTTI^G* 438 A Alexandra Road'os-03/04 Alexandra Technopark La I I I 4j£ 1 A /l\ll Tl PiL 1 Singapore *****7 Tel: *****88 Fax: *****96 VH\ I (Ladies) Ref. No. L ***** 756 Pnce
      91 words
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      541 16 I THE COMPANIES ACT, CHAPTER 50 Section 290(2Kb) NOTICE OF RESOLUTION EI VENTURES PTE LTD (In Members' Voluntary Liquidation) Al an Kx Inordinary General Meeting of HI Ventures Pte l.td held at 25 Jalan Buroh. Si ngapore *****1 on the 18th day of December 1998, the following special resolutions were
      541 words
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      Page 16 Advertisements Column 2
      552 16 THE COMPANIES ACT, CAP. 50 AUGUST WAREHOUSE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of AUGUST WAREHOUSE PTE LTD duly convened and held at 101 Upper Cross Street #04-43 People's Park Centre Singapore *****7 on the 18(h day of December 1998. the following
      552 words
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      Page 16 Advertisements Column 3
      592 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KIM HOO TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of KIM A HOO TRADING PTE LTD. duly convened and held at 5001 Beach Road #07-25 Golden Mile Complex,
      592 words
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      Page 16 Advertisements Column 4
      452 16 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND N THE MATTER OF WAYNE WC. PTE LTD (In Voluntary UqudaOcn) MEMBERS' VOLUNTARY WINDING UP A! an Extr?ordnary General Meeting ol the members ol WAYNE INC PTE LTD duly convened and held al 50 JMw Sutan #20-07, Jalan Sudan Centre
      452 words
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      Page 16 Advertisements Column 5
      373 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PUBLIC FINANCE NOMINEES PTE LTD ON MEMBERS' VOLUNTARY 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
      373 words
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      Page 16 Advertisements Column 6
      446 16 XOLDjUNK I V vfls/ ANTIQUE \o\\ r JtTREASURES? i \Q li To y OO, cou c ust o 'd» ugly an d IV JL 1 worthless, but an antiques collector could m VI J i H take great delight in them. (And be willing I \j 1/ to pay a
      446 words
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      Page 16 Advertisements Column 7
      941 16 f la tfcc natter of the Companies Art Cap. 50 and in the matter of STARDUST MUSIC (S) PTE LTD (la Mew ben' Voluntary Liquidation) FINAL MEETING NOTICE IS HfcRKBY GIVKN. pursuant lo Section 308 of the Companies Act. Cap 50. that the Final Meeting of the members of the
      941 words
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  • SHIPPING TIMES
    • Article
      Lock icon SHIP SALES
      275 17 Contributed by Simpson Spence Young THE holiday period is beginning to have some effect, with Ramadan started already and X'mas on its heels. A limited number of transactions have come to light, however, few can be considered to be mainstream market tonnage. Vessels sold for farther trading OTTT.IT
      Contributed by Simpson Spence & Young  -  275 words
    • Article
      MARITIME STOCKS
      282 17 m m M It inn CWT Distribution 0.49 unch 17 Chum Hup 0.S3 *0.02 35 Cosco Invastmant .0.47 -0.01 10 FraWitUnkj 0.165 -0.005 595 06 rowing* 0.35 -0.02 36 Mai Sun Hup 0.39 -0.01 235 Hitachi Zosan 0.74 -001 141 IMCHoWngs HK 5.60 Jaya Holdings 0.515 *0.005 15
      282 words
    • Article
      Port of London acts one year early to forestall Y2K bug
      449 17  -  Concern that vessels' computers may malfunction during 1998-1999 rollover By. Marcus Hand [SINGAPORE] There is growing concern that the millennium bug could hit one year early on Jan 1, 1999, onboard some ships and it is serious enough for
      449 words
    • Article
      Lock icon Lauritzen expects 300m kroner loss in '98 due to shipping woes
      263 17 Bloomberg [COPENHAGEN] J Lauritzen Holding A/S, a Danish shipping and industrial company, expects a net loss of 300 million kroner (Ss7B million) this year on problems in its shipping and shipyard units. Rederiet J Lauritzen A/S, the company's shipping
      Bloomberg  -  263 words
    • Article
      A topsy-turvy year for Asian carriers and shippers
      714 17  -  LINER SCENE By'. David Hughes SO what will 1998 be remembered for by the liner industry? Possibly for further rationalisation and especially Canadian Pacific's remarkable transformation into a major global operator? Perhaps for the still unfinished battles between the conferences and the
      714 words
    • Article, Illustration
      A luxury apartment at sea
      200 17 [SINGAPORE) At 1,314 square feet, the Grand Suite of Silversea's cruise ship the Silver Wind is as large as many Singaporeans' apartments, and offers perhaps the ultimate in luxury to the ocean going traveller. The 16,800 gt Silver Wind was in Singapore for two days
      200 words
    • Article
      Evergreen joint venture wins Korean terminal deal
      282 17  -  Taiwan group, Korea's Dongbu to operate new berths at Pusan By Felix Chan [SINGAPORE) A partnership between Taiwan's Evergreen and Korean conglomerate Dongbu has been awarded a 30-year contract to operate two new deep-sea container berths and one feedership berth at Korea's Pusan
      282 words
    • Article
      Lock icon Tranz Rail sells ferry, then leases it back
      102 17 NYT [WELLINGTON] Tranz Rail Holdings Ltd, New Zealand's only commercial railroad owner, said it has sold its new Aratere ferry to Wilmington Trust Co for US$55 million (5590.75 million) in a transaction that will allow it to lease back the vessel and
      NYT  -  102 words
    • SHIPPING NEWS
      • Article
        ISM Code row highlights Port State Control difficulties
        472 18  -  Reports by David Hughes in London THE Asian economic crisis has not meant more sub-stan-dard ships coming to Hongkong, according to Hongkong's director of marine Tsui Shung-yiu. Mr Tsui told a recent Tokyo Memorandum of Understanding (MOU) Port State Control (PSC) seminar
        472 words
      • Article
        Rina detention row raises serious questions
        286 18 THE detention of the Pana-manian-flag tanker New Hakuba by Hongkong's marine department (Mardep) in July and the subsequent row with Italian classification society Registro Italiano Navale (Rina) raises several issues about both Port State Control (PSC) and the implementation of the International Safety Management
        286 words
      • Article
        Class societies reject call for Y2K help
        140 18 THE International Association of Classification Societies (lACS) has rejected a recent call by the Asian Shipowners Forum to provide a database of Year 2000 compliant equipment. lACS said recently: "lACS members do not have sufficient detailed information on all the equipment used on
        140 words
      • PORT Shots
        • Article, Illustration
          ICS calls for anti-foullng standard
          90 18 Ship's hull: lAfO asked to set anti-fouling standard THE International Chamber of Shipping (ICS) says it has called on IMO to develop a performance standard for assessing new anti-fouling coatings "so that both the environment and the hulls of ships will be adequately protected in
          90 words
        • Article
          NTA out of dry bulk
          71 18 SWEDEN'S NTA, the result of a merger of Argonaut and Nordstrom Thulin says its dry bulk operations will be discontinued and that its operations "will now be entirely focused on the tanker sector". Former Argonaut boss Bjorn Ersman will be leaving NTA on Jan 1.
          71 words
        • Article
          Bona arranges US$500m loan
          81 18 BERMUDA-BASED Bona Shipholding has arranged a US$5OO million (***** million) revolving credit facility from a syndicate of 15 banks in a deal organised by Citibank International and Chase Manhattan Bank. The loan has a two-year drawdown period and will be repaid over the following eight years.
          81 words
        • Article
          L&L club to absorb Ocean Marine
          65 18 LIVERPOOL London (L&L) P&I Club is to offer liability cover to owners currently entered with Ocean Marine Mutual when the latter ceases underwriting in February. Entry into L&L will not, however, be automatic and owners would have to pay higher calls. Ocean Marine Mutual
          65 words
        • Article
          Merger gives birth to IUA
          89 18 WHAT is claimed to be the world's largest representative body for international insurers and reinsurers was created last week when the two London-based company trade associations signed an agreement to merge to form the International Underwriting Association (lUA). The merger brings together the marine, aviation,
          89 words
    • Article
      SHIPPING SCHEDULES INDEX
      340 18 PACE FoonqSun 8 AH L 3 FrotJ 12 Accord 8 Frt Links 14 Ahrenkiel 12 G Link 4 Appen ship 5 Gemartrans 8 Austral 8 Censhgp 12 Avant 14 Giory M B tang Mas 8 HaiSunH* 8 BSA 7 Hangli 7 BTl 14 Hin, n 3 Balaji
      340 words
    • Article
      SHIPPING GUIDE
      15258 25 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VassaI Voyaga Talaphona ETA ETA Advartlsar VismI Voyaga TH+phor* SIN Dast'n Nam# Nama Number NumOar SIN Dnt'n Nam* Nam* Nxwibar ItowBar IMMHHmMMNWMHMMMMNMIMMMMROTMMMMMMHNMi MMMMRMHMIMMRMMMWIMnMMMHMHNMNHMMWMMMMMMMMMHMM 12/01 03/02 Cho Yanq HJ SAN FRANCISCO OMW 65-*****12 To ABIDJAN (ABJ) 2003 Cote D'lvolre To BRISBANE (BNC) 2058
      15,258 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        611 31 Vessel Voy No Borth Arrival Departure Juronq Nrt Adhiguna J1 1298J J05 alongside 28.12/2300 Andh Perdana *****8 J12 alongside 28.12/0800 Bt S Hikuu *****8 J01 tongs* 27.12/2359 C Progress 27/12 J10 alongside 27.12/1500 Hms Premium *****P J13 alongside 31.12/1700 Hms 1 ***** JV4 alongside 30.12/0700 Mar Master 1200
        611 words
      • Article
        CONTAINER SCHEDULES
        1826 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/BtMncc Rstls Ship Voy Mo Etb/Btr Ported From To From Aci LMac MM 30/0*00 14 27/1500 27/18S* 27/800 II 27/1900 27/1454 27/1900 2* 27/1700 21/0459 28/0900 21 27/1700 21/0659 28/0900 3 28/0700 21/1159 28/MOO 4 28/1200 21/M59 28/1700 ImtM Ots
        1,826 words
      • Article
        GLOBAL HOLIDAYS
        251 31 Deo 28 Australia: Boxing Day. Canada: Boxing Day. Ireland Republic Of: St Stepten's Day. New Zealand: Boxing Day. United Kingdom: Bank Holiday. Deo 29 Japan: New Year Holiday (Govt Offices). Dee 30 Japan: New Year Holiday (Govt Offices). Philippines: Rizal Day. Deo 31 Philippines: New Year's Eve. Brunei:
        251 words
      • Article
        COCKETT BUNKER MARKET REPORT
        844 31 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 based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        844 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        520 31 Carton 180 Mm 9910 19 15.4 0.15 78 0.07 Dec 17 Density Niter Residue Ask Aluminium Sediment No above £25 0 1 1 1 0 0 TTy=- 380 Ave 988.) 0J 14.5 0.07 31 0.02 b7« 380 Mai 994.2 1.0 19.6 0.11 61 0.06 ns/M'3 m/w
        520 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Philippine pension fund willing to invest in PAL
        372 32 State fond willing to invest up to lb pesos if flag carrier can prove it can be profitable Reuters [MANILA] Philippine state pension fund Social Security System (SSS) yesterday said that it was willing to invest up to 1.0 billion pesos (5542.5
        Reuters; FILE PHOTO  -  372 words
      • Article
        Lock icon TWA attendants ordered to return to work after sick calls force flight cancellations
        375 32 Reuters [CHICAGO] Trans World Airlines Inc said Saturday a federal judge had ordered its flight attendants back to work after an apparent "sickout" forced the cancellation of dozens of flights and stranded hundreds of passengers over the
        Reuters  -  375 words
      • Article
        Lock icon World air traffic growth slows
        142 32 AFP [MONTREAL] Total air traffic by international airlines increased by only one per cent in 1998, a sharp drop from the average growth rate of 7 per cent per year since 1993, the International Civil Aviation Organisation (ICAO) said. The decline in growth reflects mainly
        AFP  -  142 words
      • Article, Illustration
        Lock icon Cars to lose weight to reduce costs
        537 32 Vehicles of the future will be made with weight-reducing materials AFP [DETROIT, Michigan] As US car companies try to trim costs and cut fat, there is another reduction going on with the vehicles they design. Most are going on a diet. Yesterday's cars
        AFP; FILE PHOTO  -  537 words
      • Article
        Lock icon Thomson plans merger with Marconi
        332 32 Paris to cut stake in talks to create Europe-wide defence group: report AFP [LONDONJ Thomson CSF, the French defence and electronics developer, is planning a merger with GEC's Marconi, pre-empting talks between GEC and British Aerospace or the US Lockheed Martin, it was reported yesterday.
        AFP  -  332 words
      • Article
        Lock icon Mitsubishi Heavy hopes to make aircraft parts for Airbus: reports
        220 32 AFP [TOKYO] Japan's Mitsubishi Heavy Industries Ltd is to take part in aircraft production with European plane maker Airbus Industrie, reports said. Mitsubishi Heavy hoped to reach a basic accord with Airbus Industrie in 1999 and the Japanese company was
        AFP  -  220 words
      • Article, Illustration
        Lock icon Free ticket because of strike
        60 32 [BRUSSELS] A railway clerk hands over to a passenger a free ticket in Brussels' South railway station. The Belgian railway company decided to offer free tickets on Christmas Day arid New Year's Day to all Belgian destinations, to apologise for passengers' inconvenience caused by the
        AFP  -  60 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1755 32 CjTY fUGHT n» FUCHT CTO Adelaide BA7381 1930 BA7382 2050 SOT75 «35 VN742 0905 Of 81 1930 Of82 2050 50,76 1035 Amstorda* $0343 0745 S024 2320 7 645 1645 GA973 1005 KL838 2335 M095 2150 *896 W5 Auckland NZ23 0555 W24 0655 A!* 7 0 kV
        1,755 words
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      20 17 ISM Code row highlights PSC difficulties Detention of tanker by Hongkong raises serious questions about Port State Control. Page 2
      20 words
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      Page 17 Advertisements Column 2
      145 17 Philippine pension fond willing to invest in PAL State fund willing to invest up to lb pesos if flag carrier can prove it can be profitable. Back Page NORASIA LINES (Malta) Ltd ANNOUNCEMENT Norasia Lines (Malta) Ltd is pleased to announce the appointment of Barwil Agencies Pte Ltd as the
      145 words
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      1035 18 I NORTH AMERICA 1 I EXPORT I 1 OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) vot mat maw igo m hoi ok «t ■ekoott rasa vot jaw In.aurml aomtia sanlotflgo I «hmto I naS 1 wwhwwa 1 ™"7~1 ooauaiu *****2
      1,035 words
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      Page 18 Advertisements Column 2
      658 18 Lnes4 services represented (;CSH;) b V Members of the Registry of fs g y.l Singapore Freight Forwarders Accredited Shipping Agents sjaW Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "ARKTIS CARRIER" V.9813 ETA SIN 28/12/98 BOOKINGS CALL MONKA/AI UNO TEL
      658 words
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      1120 19 TO EUROPE FROM EUROPE Ivtssa VOT SIM BTM AMU HAM Htv SOU FXT liM I IvKSB VOT CTI AMI HAW HV SOU Off LEW SM I MX AGATE 010W 20/12 14/01 14/01 19/01 13/01 NOHOLfTT *****6/12 OS/12 11/12 12/12 2f/12 HY ADMMAL 317W 31/12 23/01 20/01 21/01 18/01 HYBARON 31M
      1,120 words
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      Page 19 Advertisements Column 2
      1925 19 0 HANJIN SHIPPING HANJIN SHIPPING (S) FT! LTD h* //mm. Imp am OOOUNG 37W735 737 SALK *****74- 731 OOCUNOT 37*0771 774 OfOAIKMS 37*0741 757 lUJN UN! *****55 FU 777WM d **********QM TO NW USA A CANADA USA CANADA* Wt VU/VOT IM SIN UM HAU/VOY SU TW F" DC* «i ol
      1,925 words
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      Page 19 Advertisements Column 3
      372 19 QBfiflQraO, MIMJI k Plnsi b« advised that our offic# will b« r«lo<at«d to tin following Mklross with offo<t from Monday 4 ianaary 1999:200 Cantonment Road #16-02 A Southpoint Singaporo *****3 Our tolophono and fax numbors will bo (hangod as follows: Offico Main Lino 220 8558 Fax (Does/Opns) 220 9115 Bookings
      372 words
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      1356 20 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA *> Y I* LEW WTM MIR MM WW fa VtSSfL VOY "ST" Off tK FOS ~WX IfTl HMUM SB.UNG WOWI 11.12 MOl WOl 07 01 Mil 10 01 CHOYMM PHOENIX WMWI Kit 03 01 04 01 00 01 10 01 17.1 punjmibmtor «mm a.12
      1,356 words
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      Page 20 Advertisements Column 2
      1032 20 wlam MAC-NELS S PORE wsIA I Carrier: MN COHTR LINES, INC p. qudang:(ot) *****26 I"! V/V'* J ORNO.IMW7BOOOM SfflU: (064) *****9 MANILA: (832)*****24 PENANO: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHjHQ (082) *****1-3 1 BARCELONA 1 ETA SIN
      1,032 words
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      Page 20 Advertisements Column 3
      650 20 AIJESSELTON LINE gy A TIL BM34M Wb ISI3IIS MUARA LABUAN vßsa vor etc ra vessel vor no eta SraKMUOA SPOKE IM CAftAIA *0-37 V2II/00 H/1J 27/12 UUU SM-37 Wll/W 14/11 a/11 sTuirsmn m/w ji/i? oj/oi stuitshok vme/io 31/12 04/01 COMA MO-37 VOIE/04 03/01 04/01 CAIAKA JM-» VOII/W 03/01 07/01 STUITSMOPE
      650 words
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      Page 21 Advertisements Column 1
      1279 21 [VESSEL VOY I SIN S»P PKO PCW 1 PQB DOB BHJ IBA BIK IRAN BATTARI PJLI323 24/12 03/01 02/01 I 04/01 08/01 IRAN TAKHTI PJLI324 02/01 I 12/01 11/01 13/01 15/01 IRAN BABAEI PJLI326 08/01 I 18/01 17/01 19/01 21/01 ***** I I I I PoB= Mini Qabooi DUB Dubai.
      1,279 words
    • Advertisement
      Page 21 Advertisements Column 2
      1965 21 Witkly to Europe Main Portal Ev«ry Monday and Saturday I iiroft to irowonliavon in 20 day J ISINGAPORE'S ttMIRAI AGINTS: 6 SHENTON WAY TIL 226 1900 FAX: *****04 OUTWARD (IAI^WSW^ToHOWOfFKET'"'^^™ COSTAR SHIPPING PTE LTD #i;-m dis ildg sales/rkgs *****57/60 inward wrr (0/0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO:
      1,965 words
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      Page 21 Advertisements Column 3
      675 21 v-sri EASTERN CAR LINER, LTD. |Ej ECL(SINGAPORE) PTE LTD SPECIALIZE IN RQRQ HEAVY LIFT UPTO 450 TONS] ECL (SINGAPORE) PTE U0 LOAD NG FOR CHITTAGONG/YANGON MANILA/BATANG AS MV "OSCAR VENTURE" V.32 MV "TERESA PRESTIGE" V.2IA ETA SIN 28/12/98 ETA CTG 06/01/99 ETA SIN 28/12/98 ETA MNL 03/01/99 ETA YGN 10/01/99
      675 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      1481 22 EUROPE/UK/SCAWOWAVIA/FIWLAND/RUBSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DECENT RW-M7 03,-01 22/01 27/01 23/01 25/01 26/11 27/01 E. REACH RE 021 02/12 05/12 04/12 06/12 08/12 31/12 61/61 E DIAMONO RW 003 10*1 29/01 03,<02 30/61 01/02 02/02 03*2 E ROYAL RE-040
      1,481 words
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      Page 22 Advertisements Column 2
      1062 22 gggrllll PACIFIC INTERNATIONAL UNES (PTE) LTD f I 140 Cecil street #03-00 PIL Building, Singapore *****0. CR NO **********06 livnsa VOT m sw fit sro Mww >a ft nti mlsw I OOQMCUMI 02* 27/11 »/H 4/1 VI U/l 11/1 >4/1 M/l lUNOA TIBATAI SO3 31/1? 1/1 11/1 14/1 lt/1 >1/1
      1,062 words
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      Page 22 Advertisements Column 3
      638 22 N* NANTAI LINE J FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa vot sw pui qui Jin cn 1»q WAWUIWtIWg Y.QMS 27/1? 10/01 13/01 14/01 mmivaus Y.031S 03/Qi "n/oT is/01 ~ii/oT n/oi n/oi GOLDBI DtASOII V.OIM 11/01 20/01 24/01 27/01 71/01 wnAininass v.ons if/01 02/02 os/02 ot/ot m«UI QUEBt V.032S
      638 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      470 23 I BSA i.] v*Ult MYANMA IBBk FIVE STAR LINE (Myanmor National Lint) w Loading for Yangon (Rangoon) VESSEL VOY SIN PRI PEN PGU SITTWE 83W su> DAWEI 1W SU MALAYSIA AGfNTS: lOUSTUD SHIPPING AGENCIES KUL TH (03)*****00 MIL HI (03)*****01 PEN: HI (04) *****02 PGU: HI (07) *****21/4 BANK LINE
      470 words
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      Page 23 Advertisements Column 2
      1629 23 HYUNDAI MERCHANT MARINE CO., LTD. IVBSE VOY ISI SOU WIRTMI ANT HAN NtY IFE 1 IVESSE VOY SOU Il» 1 RTM AWT HAN WV fa jSI 1 NOl AGAR 010W 21/12 13/01 14/01 14/01 19/01 NOHOW! 0101 12/12 11/12 04/12 01/12 29/12 HY ADMRAI 317W 31/12 11/01 23/01 20/01 21/01
      1,629 words
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      Page 23 Advertisements Column 3
      1021 23 B, norwagion jpoaotood outocorhen QS&sKS Wilhelmsen Lines TO NORTH AND LATIN AMERICA HEAYYUFT SOVKX" I VESSEL VOY RAMP HEIGHT SIN LAX Ol MIA SAV OAL Off NYC WW MM TAPKKA F9Ol 400 Tom 6.3 M "WTT 24/01 W« 0W WO2~ WoT WoT 11/04 TkJW 17/0* TAMPA F902 400 Tom 6.3
      1,021 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      943 24 BANOKOK/MAP TA PHUT/LAEM CHABANQ JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCIT" VESSEL VOY SIN JKT PJN CHANA BHUM" SON In Pt 01/01 ACX RUBY* 38S In Pt 31/12 NANTA BHUM" 426N 30/12 02/01 03/01 VIRA BHUM 243S In Pt 01/01 31/12 KOTARATNA RNAO77 30/12 02/01 ANRO QOWA' PCS
      943 words
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      Page 24 Advertisements Column 2
      574 24 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-COMTAIWERISED SERVICE wt vot f"s poti oti»»out Hmto wmtw mmm AVtSSR 31/11 I >S/M n/n own !«/>» TO AUSTRALIA FULL CONTAINER SERVICE va I VQTI HC Ml Iml I STP Jrn Ml Lbl. KASU6AI US M/lllt/11 06/01 00/01 11/>1 17/01 CAtWGAMIAT MS 31/1107/01 10/01
      574 words
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      Page 24 Advertisements Column 3
      995 24 VESSELS VOY ISN I PKL I MLA LEH RTM HAM ZEE T SOT VILLE D'AQUARIUS U2OW 29/12 30/12 11/01 18/01 10/01 20/01 22/01 23/01 VN-LE OE ANTARES U2BW 0&P1 <WOl WOj 25AM 26/01 Z7/D1 29A)1 3CVOI VK-LE DE VIROO MjW 12/Q1 1M)1 2S/Q1 01/02 02/02 03/02 06/02 0&02 VILLE DE
      995 words
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      Page 24 Advertisements Column 4
      15 24 CONVENTIONAI/BREAKBULK SERVICE LOAOINO FOB COLOMBO/CALCUTTA 30.13.08 LOAOINO POO OUBAI/OAMMAM/ABU ONABI 30.12.00 LOAOINO POO CHITTAOONO/BOMOAT 31.10.00
      15 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      48 25 VmTaJI siaf^Dial74o-6000 OR GGITISnG (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by document Wil I be Shipping times s 3kJ sssljwss.
      48 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      138 27 X FREE Reader Enquiry Service cut out and fax to 65-*****29 ■pHifll v Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: 1 Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      138 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1061 28 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL; *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Cella/Jasslca/Mel Chaw/Jeslynn/Dora/Hanlm E22HMCS3BBBI 7SLGS/WEEK 2SLG/WEEK VESSEL VOY sm pjAK |VESSEL |VOY SIN [PLB PANCARAN SINAR 1137
      1,061 words
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      Page 28 Advertisements Column 2
      630 28 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER fVK«f VOtti IU SWGAfOCi Ett COLOMBO ETA lAIACH ShAUMAI 004HW M/IVW ?S/U/W 30/lt/W SWAT 004HW y/lj/W 01/81/W Ot/DI/W SHAUMAI OOSHW ID/81/W IS/01/W W/DI/W SWAT OOSHW 17/DI/W ~~H/Pl/W 77/Dl/W SHAUMAI OOtW* 31/DI/W OVO2/M 10/OJ/W |aw ooww
      630 words
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      Page 28 Advertisements Column 3
      417 28 m FAR EAST 03/01 KEELUN6/KAOHSIUNG 03/01 BANGKOK 03/01 MANILA/CEBU 03/01 JAKARTA/BELAWAN/SURABAYA 03/01 PORT KELAN6/PENANG/E. MALAYSIA 02/01 BUSAN 03/01 TOKYO/YOKO/KOBE/NGO/OSA 03/01 HONG KONG m CHINA 03/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU SIN EUROPE/UK 04/01 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 05/01 LOS ANGELES/NEW YORK all IPI points
      417 words
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      Page 28 Advertisements Column 4
      506 28 Singapore Soviet Skipping CP! a Ik IOOSOMOOOOH Mwltiine Shipping PL H* 1A*****M10C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNO23 30/12 07/01 18/01 KOTA RATU RTUO3I 06/01 12/01 24/01 BUXMOON 123N 13/01 21/01 01/02 vessel VOY m calcutta sin HARIBHUM 06SV 03 04/01 09/01 18/01 EPONYMA 023 07-08/01 13/01
      506 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      970 29 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I ftG 1 SW I JUT I SW I PPG I KW I CM 1 IQM 1 HAI I NTI 1 Off 1 SAV 1 NIW I TAM HOU~] HOEGH PCW /OW 12/01 24/01 05/01 07/01 21/01 24/01 04/02 07/0? 06/03 00/03
      970 words
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      Page 29 Advertisements Column 2
      1665 29 fea, MMtt fly, )gj "jj. w1 w m w irnwiwn SnLpgra POJOOTTERDAM WWAS2 31.12 1641 U4l 2kQ] POM KOWIOON 02EA49 06.12 0112 01.12 1112 21.12 0441 0101 0101 0741 POM KOWIOON 07WA0? 1101 3101 01-02 0102 0102 POM KOM 03EA50 1112 1112 1112 1112 0101 1141 1101 1541 1101 UHIHM
      1,665 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      909 30 I VESSEL VOY SIN MAA SIN I TIGER BAY 670N 28-29/12 03-06/01 10-11/01 I TIGER PEARL 671N 05-08AJ1 13-14/01 I TIGER ISLAND 672N 08-11/01 16-17/01 I J BAUHINIA 015 04<»5/01 10-13/01 18-19/01 I TIGER SEA 673N 13-16/01 21-22/01 I TIGER BAY 674N 10-11/01 16-19/01 24 25/01 I IVESSEI^^^^VO^^SIJ^^CA^^SIS^I TIGER SPRING
      909 words
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      Page 30 Advertisements Column 2
      696 30 FREIGHT LINKS EXPRESS I *****66 (60 Unas) Fax: *****33 E-mail: flesinOsingnet.com.sg DIRECT CONSOLIDATION SERVICE ALEXANDRIA (ALY) BUENOS AIRES (BUE) CEBU (CEB) ISTANBUL (IST) IZMIR (IZM) LAEM CHABANG (LCB) MALTA (MLA) PASIR GUDANG (PGU) SAN ANTONIO (STN) SANTOS (SSZ) PLKASI CALL OUR TOLL PRII LINK FOR BOOKING! 1800-*****66 Overseas Offices Hongkong
      696 words
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      Page 30 Advertisements Column 3
      1286 30 I(XXL (Sinqopore) Pte Ltd CFS Keppel 79 M>«iNd Ml-04(5)*****4 Uk 513 #01-121 C*NO **********0H W: 272 71J7 f« bookmf Wi |g§2 (Malaysia) Sdn bhd fog Na *****2-U) ca g j >-S. PFTAUNC JAYA I*o3-75*777* F«: 03-754 **57 1 PINANG fafc 04-2******/1 F«x: 04-2****** *****80 IPASM GiIPAWG W: 07-30*4066 En: 07-3M4077
      1,286 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      125 31 Ec LEGEND: R Thunderstorm Tempera**. o Q X\ V Shower Weather Wind direction with speed in knots ee Rom Cloudy Sky Wove h *'9^« Solace »wd* ore indicated by arrows which fly with the wind Qy One full circle represents cokn or hght ond vonobte wmds J__ One hoW Heche
      125 words
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