The Business Times, 29 December 1998

Microfilm: NL21361
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04(Vi2/98 Internet: http://bnsiness-times.asial.com.sg/ SINGAPORE TUESDAY, DECEMBER 29. 1998 85c
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  • Article
    MARKET SUMMARY
    51 1 DuBL» (-11.48) Dau(ui) nsmaniTUMEß M aauao (-1.84) STOCK HAUET IMnCES Monday Change Kl-SKCOMP HI 14 +U& NIKKEI U,m.H HANOSKNO 10,178.14—-1S1W SET INDEX +4.1> JAKARTA OOMP _4*18 -Ltt MANILA CQMP —L9S2J4 TAIPEI WPI M8U6—-ML* SHOW.OOMP +7.W CLSA CHINA B ***** *W AU8T ALLORD—Owed 12 MM EST Chttge DOW iXPM
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  • Article
    FINANCE
    68 1 FOREX RATES USS 81 UBS JJW per 1.174 1771 DM 1-682 MM YEN MM i.O KM I860 8.4J7 HKS im UI4 BAHT 36J2 0.046 BUPIAH 7J7i tit* 'Sfttuomn* PRIME RATES SINGAPORE* KUALA LUMPUR 11.M JAKARTA i 00 BANGKOK 1475 MANILA 2ZJO HONGKONG MS TAIPH 8.80 SYDNEY 8.4ft TOKYO 1M
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  • Article, Illustration
    Pressure mounts in Japan to curb rating agencies
    921 1  -  Influential body suggests official intervention may be needed From. Anthony Rowley in Tokyo STUNG by the recent downgrading of its sovereign debt rating by Moody's Investors Service, Japan may be preparing to hit back with tighter regulation of international credit rating agencies.
    921 words
  • Article, Illustration
    Lock icon Foreigners snap up homes worth RM100m in M'sia
    528 1  -  Singaporean interest in Johor property said to be good From. Ruth Wong in Kuala Lumpur FOREIGN buyers have taken advantage of price discounts, easier financing and other relaxed rules during the current month-long "Home Ownership Campaign" to snap up properties, especially in
    REUTERS  -  528 words
  • Article, Illustration
    Lock icon Nov manufacturing output fall in S'pore slows to 3.3%
    446 1  -  Electronics posts first growth in 8 months of 0.4% By] Eugene Low [SINGAPORE] Singapore's manufacturing output declined for the seventh straight month in November, but by a smaller 3.3 per cent year-on-year, latest figures show. But the key electronics industry posted
    Source: EDB  -  446 words
  • Article
    Lock icon Iraq launches missiles, US warplanes retaliate
    405 1 Reuters, AFP [WASHINGTON] US warplanes yesterday retaliated after drawing fire from antiaircraft missiles in northern Iraq, killing four Iraqis. President Bill Clinton said later that the action was "appropriate" and that the US would continue to enforce nofly zones in the north and south
    Reuters,; AFP  -  405 words
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      Page 1 Advertisements Column 1
      155 1 IMHIUH IkfWMn The proportion of Singapore households with monthly income erf at toast $10,000 more than trebled from 2.8 per cent in 1990 to as per cent in 1997, P* 2 ffil > Automative Systems yesterday laid off 229 employees from its Ang Mo Kio facility about 15 per cent
      155 words
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      Page 1 Advertisements Column 2
      59 1 -.a JS^^H 9 ALFRED DUNHILL LONDON The AD 2000 Carbon Fibre Fountain Pen Thk New aiumn/Winifi 1998 Tie Collection The CitvScape Leather Collection The New Bar* Faceted Watch For Women II >1 lI>IW I V '< r J riri•.*' I C A 1_ i RAFFLES HOTEL ARCADE THE PARAGON NGEE
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Households earning $10,000 a month treble
      648 2  -  Top income group shows biggest jump, from 2.8% in 1990 to 8.9% in 1997: DOS By\ Rahita Elias THE proportion of households with monthly income of at least $10,000 more than trebled from 2.8 per cent in 1990 to 8.9 per cent in 1997.
      648 words
    • Article, Illustration
      Lock icon Delphi Automotive lays off 229 employees
      389 2  -  15% of total staff affected, all from Ang Mo Kio plant By. Annette Pau US vehicle components maker Delphi Automotive Systems yesterday laid off 229 employees from its Ang Mo Kio facility about 15 per cent of its total staff in a restructuring exercise.
      ARTHUR LEE  -  389 words
    • Article
      Nine public hospitals to offer 5-10% rebates
      328 2 PATIENTS in B2 and C-class wards and those admitted for subsidised day surgeries in public hospitals will, from Jan 1, get a rebate of either 5 per cent or 10 per cent on their hospital bills. The Health Corporation of Singapore (HCS) yesterday
      328 words
    • Article, Illustration
      Prudential's S'pore CEO made MD of Asia unit
      275 2  -  By Soh Tiang Keng PRUDENTIAL Corporation Asia has appointed Tan Suee Chieh its managing director, said Prudential Assurance Company Singapore (Pte) Ltd yesterday. Mr Tan, who is chief executive of the Singapore unit, will take charge of Singapore, Malaysia and Hongkong Prudential's
      275 words
    • Article
      8,800 four-room budget flats offered for sale since 1993
      369 2  -  HDB gives updates on measures to help low-income families By, Ang Wan May THE Housing and Development Board has to-date offered some 8,800 four-room budget flats for sale to lowincome families as part of the government's measures to help such households
      369 words
    • Article, Illustration
      Lock icon Nov visitor arrivals fall 5.3%
      321 2  -  EYE ON THE ECONOMY Commerce By. Marissa Chew AFTER a slight rise in October, visitor arrivals resumed their downward trend in November with a 5.3 per cent year-on-year decrease. Data from the Singapore Tourism Board show that close to 507,000 visitors came in November, bringing
      Source: STB  -  321 words
    • Article
      UOB cuts prime by half a percentage point to 5.5%
      213 2 UNITED Overseas Bank has joined the rest of the Big Four local banks in cutting its prime lending rate by half a percentage point to 5.5 per cent. The cut is effective today. Like DBS Bank, which kicked off the
      213 words
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      298 2 Ifflj university of Accelerated Route to I VaJ south Australia Recognised Degrees "Ranked Among Australia's Best UniveraitlQS*.. ASIA PACIFIC HRI UNIVERSTIX, BUilfiTjj MT I Hill OFSQUTTr V/ auwhaua »I I I*'h a jCWTT .It fllPw ll |WI I* Management V l^« It&ZEtgZT' Business Administration (OipßA) Doctor of Btfsisess Ad*uttUtiitiofl ♦imuumoui}
      298 words
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  • REGION
    • Article
      Lock icon China to ban banks, state firms from investing in stocks: report
      550 3 SHANGHAI Brokers to be barred from investing share trading account deposits AFP, AFX-Asia THE "final" draft of the Securities Law contains amendments forbidding banks and state enterprises from investing in the stock market and barring brokers from investing share
      AFP,; AFX-Asia  -  550 words
    • Article
      Lock icon Boost for 'people's economy' plan
      338 3 JAKARTA Indon govt to form agency to posh scheme: minister AFP INDONESIA'S Cooperatives Minister Adi Sasono is forging ahead with a contentious scheme to build a "people's economy" that seeks to foster small businesses and cooperatives. Mr Sasono, whose portfolio includes small enterprises, was quoted
      AFP  -  338 words
    • Article
      Lock icon Pertamina cancels Suharto-linked deals
      192 3 JAKARTA Reuters INDONESIA said yesterday state oil firm Pertamina had cancelled the contracts of 152 projects, mostly linked to the family and associates of former president Suharto, because of alleged corruption in the way they were awarded. "We have concluded the investigation of 152 projects in
      Reuters  -  192 words
    • Article
      Lock icon Defence lawyers try to discredit semen evidence
      559 3 ANWAR'S TRIAL Prosecution urges court to strike ont bid to impeach Ummi Reuters, AFP tKUALA LUMPUR] Defence lawyers yesterday sought to discredit evidence in the sex and corruption case against former Malaysian finance minister Anwar Ibrahim, implying semen could have been taken from
      Reuters,; AFP  -  559 words
    • Article
      Lock icon KL to cut foreign worker levy
      190 3 KUALA LUMPUR Reuters MALAYSIA said yesterday it will cut the foreign worker levy from Jan 1 in response to calls by employers financially hit by the economic downturn. The move would affect more than a million guest workers, the Bernama news agency quoted a
      Reuters  -  190 words
    • Article
      Lock icon China to overhaul tax system: minister
      201 5 BEIJING AFP CHINA will pursue fiscal reforms, concentrating on overhauling its taxation system, to improve the central government's revenue position, Finance Minister Xiang Huaicheng said. In an article carried by the China Daily yesterday, Mr Xiang was quoted as saying that a global economic
      AFP  -  201 words
    • Article, Illustration
      Lock icon Room in Beijing's heart for pigeons
      71 5 [BEIJING] A woman feeding a pigeon outside a shopping centre in the Haidian district of north west Beijing yesterday. More than 100 pigeons have been killed by rat poison deliberately placed outside the centre by saboteurs which led to outcries in the local media.
      REUTERS  -  71 words
    • Article
      Lock icon Korean govt stops fresh loans to LG Semicon
      504 5 SEOUL Creditors to discuss calling in loans as Seoul puts heat on firm for blocking Hyundai merger Bloomberg UNDERLINING its determination to reform debt-ridden top conglomerates, South Korea cut off fresh bank loans to LG Semicon Co from yesterday to punish it
      Bloomberg  -  504 words
    • NOTE Book
      • Article
        Lock icon Designer sues Brunei sultan's brother
        91 5 AFP [NEW YORK] A designer is suing the brother of the Sultan of Brunei for nearly US$25 million (5541.5 million) after a business deal went sour, the New York Post said on Sunday. It said Bijan Pakzad is alleging that Prince Jefri Bolkiah authorised him
        AFP  -  91 words
      • Article
        Lock icon Japan's household spending up in Nov
        56 5 AFP [TOKYO] Japan's salaried household spending rose 2 per cent In November, the first rise in five months, the Economic Planning Agency said yesterday. Salaried household spending dipped 0.3 per cent in October. "The rise in spending on PCs contributed substantially to the salaried
        AFP  -  56 words
      • Article
        Lock icon China approves use of euro
        38 5 Reuters [BEIJING] China yesterday gave financial Institutions, enterprises and individuals the go-ahead to accept and use the euro with 11 members of the European Union from Jan 1, Xinhua news agency said. Reuters
        Reuters  -  38 words
      • Article
        Lock icon HK paper recyclers seek govt help
        62 5 AFP [HONGKONG] Hongkong's paper recyclers, fiaced with the loss of 12,000 jobs, yesterday held protests to ask the government for help. Twenty members of the Hongkong General Association of Recycling Business marched to the government headquarters to hand In a petition calling for Interest-free
        AFP  -  62 words
      • Article
        Lock icon Indon police shoot at farmers
        60 5 Reuters [MEDAN] Indonesian police yesterday opened fire on hundreds of farmers who occupied a plantation near Medan. Witnesses said dozens of people were injured when police attempted to evict farmers from a state-owned tobacco plantation. The farmers said they had not received any compensation after
        Reuters  -  60 words
    • Article
      Lock icon Construction firm Fujita to axe 24% of staff by 2002
      338 5 TOKYO Japanese firm will also ask banks to forgive 120b yen debt Bloomberg FUJITA Corp, a financially troubled Japanese general contractor, said it will cut 1,203 jobs, or 24 per cent of its workforce, by April 2002 in an effort
      Bloomberg  -  338 words
    • Article
      Lock icon Chinese Petroleum may shut Kaohsiung plant
      162 5 TAIPEI Bloomberg TAIWAN'S state-owned Chinese Petroleum Corp (CPC), which has a monopoly on the island's gasoline and diesel production, may be forced to shut its Kaohsiung oil refinery until Jan 2 as its labour union strikes to demand payment for overtime. The company's 6,000strong
      Bloomberg  -  162 words
    • Article
      Government undecided on resuming HK land sales
      481 5  -  But more flexible methods will be used in future; official /"Vara l Quak Hiang Whai in Hongkong THE Hongkong government has not decided if it would resume land sales next year but pledged to use more flexible methods to sell land in future,
      481 words
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      82 3 BODBSCAFD CENTRE j. j \J u 1 Tsn freedom c 5 5 jj s a 2: U 1 U ll ?i 50 3 -S .a I s I I The lure of liberation in steel. The power that awaits to he unleashed. The flamboyance that will be in your control.
      82 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon IMF sees Asian economies bottoming out 1999 growth
      411 4 Bridge News, Reuters [HONGKONG] The International Monetary Fund's Asia Pacific director Hubert Neiss said that Asian economies appear to have bottomed out from the economic fallout. He added that, in a note of cautious optimism, growth could be expected next year as
      Bridge News,; Reuters  -  411 words
    • Article
      Lock icon NPLs of Thai banks soar to 2 trillion baht
      404 4 Bangkok Bank seeks 5b baht injection to boost capital base AFP, Bridge News [BANGKOK) Non-performing loans held by Thai banks soared to nearly 2.1 trillion baht (5594.2 billion), or 46 per cent of total lending, at the end of October, the
      AFP,; Bridge News  -  404 words
    • Article, Illustration
      Lock icon A boost for Philippine-made goods
      68 4 [MANILA] A water buffalodrawn carriage carrying local handicraft making its way in the rain along a busy street in Manila yesterday. The government has appealed to Filipinos to buy locally-produced goods and sell their US dollars to prevent the further decline of the Philippine peso,
      REUTERS  -  68 words
    • Article
      Lock icon Jakarta to table capital monitoring bills
      188 4 Reuters [JAKARTA] Indonesia said yesterday it expected to submit draft bills on the monitoring of capital flows and on the central bank later this week. "The government will soon table draft bills on monitoring of capital flows and on the central bank," Bank Indonesia
      Reuters  -  188 words
    • Article
      Lock icon S Korea's November industrial output up 1.4%
      399 4 Bloomberg [SEOUL] South Korea's November industrial output rose 1.4 per cent from a year ago, the biggest gain this year, fuelling optimism the country is set to emerge from its deepest recession in almost five decades. It was the second month of year-on-year
      Bloomberg  -  399 words
    • Article
      Lock icon HK business climate expected to stay poor: poll
      378 4 AFP, Bloomberg {HONGKONG] Hongkong's business climate is expected to remain poor in 1999 amid the territory's economic woes and is expected to improve substantially only by 2001, according to the results of a survey released here yesterday. The survey, carried out by
      AFP,; Bloomberg  -  378 words
  • Page 4 Advertisements
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      97 4 Hanging 10% 50% A -J DISCOUNT STOREWIDE 1 I g Sl2 onwards %S onwards I for purchase of 1 lighting above Of 1 I FREEW II Special Offer *"<<» »"*»*> J399 urs6sB Spedal Offerl 54'5-blade super fan with I light ond remote control |AO LP tI9H I 00-yr warranty) <
      97 words
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      Page 5 Advertisements Column 1
      125 5 THE LATEST 99 DESIGN OF *indoHesia INDONESIAN great sale PRIME wmmmi For the first time ever and one of the b'ggest joint exhibition under one roof featuring various furnitures from Singapore as well as various Indonesia. I m manufacturers that will bring the latest design of Indonesian prime products rnuuuuig
      125 words
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      Page 5 Advertisements Column 2
      86 5 AURORA made in Italy M Clearance Sale I 4 USUAL wow 155 $46.50 $31.50 «ri«tr $36.00 $142.50 $178.50 96<r J 270 00 $320 $96.00 ff!" 5, a ,-cy Si9s $58.50 r° 75 K 8 taK $118.50 J79 SO $72.00' $84.00 $1,750.00 $1,550.00 $1,000.00 $1,850 $925.00 18 Kt solid gold anniversary
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  • REGION/WORLD
    • Article
      Lock icon 1998: good for the West, dreadful for the rest
      595 6 LONDON Fortunately, Asia's crisis and US overheating helped offset each other FT THE year 1998 was full of turmoil: crisis-hit Asia slumped; Japan contracted; Russia defaulted; commodity prices tumbled; markets gyrated; Brazil struggled; inflation disappeared; interest rates fell. Fortunately, Wall Street's
      FT  -  595 words
    • Article
      Lock icon Weak exports seen slowing German growth in 1999
      233 6 HAMBURG Reuters FIVE of the six leading German economic institutes expect weaker exports to cause a slowdown in growth next year but all agree unemployment should ease due to strong domestic demand, a newspaper said on Sunday. Four of the institutes forecast
      Reuters  -  233 words
    • Article
      Lock icon US wants to dominate world, says China
      251 6 BEIJING AFP CHINA yesterday accused the United States of wanting to continue dominating the world by all means but said Washington would find it increasingly difficult to do so in the 21st century. "The year of 1998 saw the United States further implement
      AFP  -  251 words
    • Article, Illustration
      Lock icon Long message on Aids
      54 6 [CALI, Colombia] Visitors walking through the world's largest condom in the south-western Colombian city of Cali during its annual festival on Sunday. Campaigners built the condom, which is about one kilometre long, to raise awareness about Aids. They also hope the inflatable model will set a
      REUTERS  -  54 words
    • Article
      Lock icon Senators say Clinton trial inevitable
      502 6 WASHINGTON But lawmakers from both sides agree he's unlikely to be thrown out of office Reuters LEADING Republicans and Democrats said on Sunday that President Bill Clinton was sure to face an impeachment trial in the Senate over the Monica Lewinsky scandal but was unlikely
      Reuters  -  502 words
    • Article
      Lock icon Posco replaces execs as govt probes graft
      289 6 SEOUL Bloomberg POHANG Iron Steel Co, the world's second-largest steelmaker known as Posco, said it replaced 19 executives in connection with an investigation into corruption allegations. The reshuffling of its executives came as the Korean government asked prosecutors to probe alleged corruption involving
      Bloomberg  -  289 words
    • Article
      Lock icon India's Silicon Valley beckons global giants
      301 6 MBANGALORE AFP INDIA'S own Silicon Valley, Bangalore, is tempting global Information Technology giants to plug in and reboot their businesses in Asia's crashed economies. This city of 1,700 IT firms boasts offering among the world's lowest labour costs for Western corporates to widen their
      AFP  -  301 words
    • Article
      Lock icon Inflation, high monetary growth top RBI worries
      272 6 BOMBAY Central bank report also lists uncertain economic growth as a serious concern Reuters THE Reserve Bank of India (RBI) yesterday cited rising commodity prices, high monetary growth and uncertainty about economic growth as serious concerns. "The increase in prices of primary commodities
      Reuters  -  272 words
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      194 6 Why 1999 will be a year of living dangerously, Pg 8 m 77k .Milkfiruum r Csveryone Deserves a Moment rf\ Completely Devoted to Themselves. 11 IWf I -fyenewal Day Spa ue 2 mm I Offers the latest skin care and body treatments to both men ||KS and women. From revitalising
      194 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Wanted: A gift for tact
      636 7  -  Even the worst presents deserve some form of appreciation, says roxanme ROBERTS ROXANNE ROBERTS LAT-WP IT happens to everyone: the Bad Gift. We're not talking merely the wrong colour or size, but a present so dreadful, so wrong, so "not me" that you are secretly
      LAT-WP; FILE PHOTO  -  636 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      468 7 1171 A J* J i. __i. Prestnud /n% Diners Club Offers UD to Sslo,ooo FREE To apply, ca&Where to wme, dine and entertain... h: internaiiomT jsj ew Purchases Insurance. Treat yourself to a wide range of Japanese cuisine. Enjoy Yaki Niku, Sake, Sushi, Sashimi and many more plus tantalising desserts.
      468 words
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      Page 7 Advertisements Column 2
      113 7 MKk 4~tf vi^^iirwa^^^BrF 24-hour Coffee House l*t floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 31 Dec 6:oopm to 10:30pm Dinner Only $29.00* (Adult) $17.50* (Child under 12) Gala Package $35.00* (Adult) $20.00* (Child under 12) Bring in the New Year with
      113 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1102 7 CRYPTIC CROSSWORD ACROSS 5 I g I E I E j3 1 Near to the truth just outside door perhaps |H[ 10 Acted in an unspeakable way I I I I I 11 Artist a chancellor found be- H hind French backwater (9) 12 12 Informed its possessor (9) 13
      1,102 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Entrepreneurs can't be bred to a plan
      783 8  -  THE BOTTOMSJXE OPINION By Toh Han Shih The writer is a BT reporter Since Deputy Prime Minister Tony Tan declared that Singapore needed more high-tech entrepreneurs some months ago, the media has been in a frantic quest to highlight entrepreneurs. Entrepreneurs are being
      783 words
    • Article
      IN OTHER WORDS
      103 8 The United States itself speaks of unity being necessary in the Security Council. If we really think the Security Council is important, we have to make it the key player again/ TT— 1. TT M nw>en rearm* French foreign minister, after the bombing of Iraq by the
      103 words
    • Article
      Hongkong's annus horribilis
      695 8 EDITORIAL POR 6.6 million Hongkongers, 1998 must be their own annus horribilis. This is a year they will more than gladly see off. The year got off to a lousy start with Hongkong gripped by a bird flu outbreak. It was soon followed by a toxic red
      695 words
    • Article, Illustration
      Lock icon Why 1999 will be a year of living dangerously
      1396 8  -  The world survived market toil and trouble this year but storm clouds are gathering for '99 By\ Martin Wolf FT THE global economy got through 1998 without a recession, thanks to two offsetting mistakes: an excessively expansionary US policy was balanced
      FT; FILE PHOTO  -  1,396 words
    • Article
      WHAT THE OTHERS SAY
      762 8 British dmocracjatwork BRITISH Trade and Industry Secretary Peter Mandelson resigned last Wednesday after a loan he had taken from another minister, then junior finance minister Geoffrey Robinson, was revealed. Mr Robinson himself resigned shortly afterwards. Mr Mandelson had not disclosed the loan to his boss, Mr
      762 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      25 9 There's platinum, and there's American Express Platinum. Expressions of interest for the American Express® Platinum Card can be made by calling 1800 392 1177. Cards
      25 words
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  • COMPANIES & MARKETS
    • Article
      1998 IPOs: few survivors, many flops and fiascoes
      911 10  -  Paltry sum of $406 m raised by only 20 listings, but bankers hope for a better '99 Bysi Annette Pau [SINGAPORE] The oncebuoyant market for initial public offers has been somewhat sunk, as expected, by dismal stock market sentiment and the regional
      911 words
    • Article
      Lock icon Bad loans push AMMB to 1st-half loss of RM229m
      297 10 Bloomberg [KUALA LUMPUR] AMMB Holdings Bhd, Malaysia's seventh largest banking group, swung to a loss of 228.8 million Malaysian ringgit (5599.6 million) in the six months ended Sept 30 as it set aside money for ballooning bad loans. The company posted
      Bloomberg  -  297 words
    • Article
      Issues behind all that talk of DBS divesting property arm
      572 10  -  HOCK LOCK SIEW R Sivanithy IN these times of mergers and restructuring, the latest rumour to capture the market's imagination is that DBS Bank might sell its 28.4 per cent stake in DBS Land for an estimated $680 million. Together
      572 words
    • Article
      Lock icon Acma unit raises US$6.3m from Nasdaq float
      125 10 Reuters (SINGAPORE] Singapore's Acma Ltd said its subsidiary, Creative Master International Inc, had floated 25 per cent of its enlarged share capital on the US Nasdaq National Market, raising U556.25 million (5510.4 million). In October, Acma filed with US authorities to sell 29
      Reuters  -  125 words
    • Article
      Lock icon Sampoerna's major shareholder sells 3.14% to CSFB
      159 10 Bloomberg [JAKARTA] PT Anggarda Sampoerna, the biggest shareholder of PT Hanjaya Mandala Sampoerna, Indonesia's second-largest cigarette maker, said it sold a 3.14 per cent stake in the company to Credit Suisse First Boston (CSFB). A statement from Sam- poerna to the Stock Exchange
      Bloomberg  -  159 words
    • Article
      Lock icon Fort Bonifacio lots a non-issue: Metro Pac
      356 10 Reuters [MANILA] Diversified concern Metro Pacific Corp denied a newspaper report yesterday that developers of a former military base would have to write down as much as 8-10 billion pesos (Ss33B- million) after buyers returned some of the lots. Shares of Metro Pacific
      Reuters  -  356 words
    • Article
      Jurong Cement's interim profit halved
      200 10 {SINGAPORE] Jurong Cement yesterday posted a 51.6 per cent fall in net profit to $5.3 million for the six months to Sept 30, while group turnover fell 31.8 per cent to $53.7 million due to weak demand for cement and depressed cement prices. Directors said
      200 words
    • Article, Illustration
      Lock icon Electronics stocks get thumbs up from Fraser
      269 10 Research house says slump's been factored in, picks Magnecomp and JIT Reuters [SINGAPORE] Fraser-AMMB Research said yesterday it favoured stocks in Singapore's electronics contract manufacturing and hard drive subsectors as their share prices had already factored in a slowdown in the West. Fraser
      Reuters; FILE PHOTO  -  269 words
    • Article
      Lock icon Hour Glass hopes for 2nd-half profit but analysts less upbeat
      419 10 They say loss worse than expected, doubt turnaround by F799 Bloomberg [SINGAPORE] The Hour Glass Ltd, Singapore's largest watch retailer and wholesaler, said it expects to swing back to profit in its fiscal second half as it cuts costs and
      Bloomberg  -  419 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Accurate, timely news is a rare item in Tokyo bourse
        638 11 This results in volatility and disadvantages retail and foreign investors FT [TOKYO] Modern international capital markets should be efficient. That is, investors should have access to accurate, market-moving news in a timely manner on an equal basis. Tokyo fails the
        FT  -  638 words
      • Article
        Lock icon Fairchild Corp to buy Kaynar for US$365m cash, debt
        324 11 Bloomberg [DULLES, Virginia] Fairchild Corp, a maker of fasteners for airplanes, agreed to buy Kaynar Technologies Inc for US$365 million (*****.2 million) in cash and assumed debt in-a bid to broaden its product lines and geographical base. Fairchild will pay Kaynar
        Bloomberg  -  324 words
      • Article
        Lock icon Mobilcom slumps 7% amid telecoms price war
        269 11 Deutsche Telekom to cut long-distance charges next year Reuters [FRANKFURT] Shares in Mobilcom AG tumbled more than 7 per cent yesterday as the price war among German telecom firms heated up, traders said. Deutsche Telekom's chief executive Ron Sommer said in a newspaper
        Reuters  -  269 words
      • Article, Illustration
        Lock icon Giordano's HK ops said to be back in black
        196 11 AFX-Asia [HONGKONG] Giordano International Ltd's Hongkong operations were profitable again in the second half, after making a loss in the first, the Hongkong Economic Times reported, quoting an investment banking source. The source said the company's management dis- closed in a
        AFX-Asia; FILE PHOTO  -  196 words
      • Article
        Lock icon Philips cuts stake in US firm NavTech to stem losses
        327 11 Reuters [AMSTERDAM] Philips Electronics NV said yesterday it is selling part of its stake in US-based Navigation Technologies Inc (NavTech), a leader in car guidance technology, to a financial consortium involving Dutch bank ABN Amro. The electronics giant gave no
        Reuters  -  327 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Record US$908b of bonds issued globally this year
        352 12 Banks'growing reluctance to lend seen prompting drive towards securities FT [LONDON] The volume of bonds issued on the international capital markets broke new records this year though riskier borrowers have been all but shut out from the markets since August. The surge
        FT  -  352 words
      • Article, Illustration
        Lock icon Fuji Bank to sell 217b yen in shares to Fuyo group
        489 12 It will use the funds to boost its capital base and invest in equipment Bloomberg [TOKYO] Fuji Bank Ltd, Japan's sixth-largest lender, is tapping members in its business group for 217 billion yen (Ss3.l billion) in new investment to
        Bloomberg; FILE PHOTO  -  489 words
      • Article
        Lock icon Paine Webber ties up with Yasuda
        338 12 It's latest US firm to enter Japan mntnal funds market FT [NEW YORK] Paine Webber Group, the US brokerage, has set up a joint venture with Yasuda Mutual Life insurance company, Japan's oldest life company. This is the latest effort by a US institution
        FT  -  338 words
      • Article
        Lock icon 1999 oil prices seen at US$10 to US$12 per barrel
        265 12 Bridge News [JAKARTA] Indonesian Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday that he believed the price of crude oil on the world market would range between US$lO (5516.60) and US$l2 per barrel throughout 1999. In answer to reporters'
        Bridge News  -  265 words
      • Article, Illustration
        Lock icon Euro ease for travellers
        44 12 [TOKYO] Noriko Hashimoto, an employee of Thomas Cook's Tokyo branch, displaying euro traveller's cheques at the firm's Tokyo office yesterday. Customers will be able to buy euro traveller's cheques at Japanese banks and travel agencies in the new year. AFP
        AFP  -  44 words
      • Article
        Lock icon Infl banks to restructure steel firm VSZ's US$450m loans
        303 12 FT (LONDON] International banks facing the biggest corporate default in central Europe since the collapse of communism, aim to reach a preliminary debt standstill agreement with VSZ, the Slovak steel producer, by late January on loans of about US$45O million (*****.6
        FT  -  303 words
      • Article
        UOB rate cut fails to inspire futures
        209 13  -  SEXEXBeports MS& Singapore Index Neil Salter, Jardine Fleming THE MSCI Singapore contract made a steady start to the day, opening at 215.5, just 0.2 lower than Thursday's close. The tone remained firm for much of the morning session, with a daily high of
        209 words
      • Article
        Futures kick off week on negative note
        159 13  -  KS& Taiwan fatores Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures tumbled after a long Christmas holiday as investors were disappointed with the government plan for market stabilisation. In the cash market, window dressing led selling as investors moved to
        159 words
      • Article
        Lock icon Oil flat despite Iraqi threat to halt exports
        363 13 EMERGY REPORT Bloomberg, Reuters [NEW YORK] Crude oil was little changed as ample global supplies offset concern that Iraq will halt oil exports at the end of May. Iraq said it would reject an extension of a United Na-tions-sanctioned programme that allows
        Bloomberg,; Reuters  -  363 words
      • Article
        Lock icon CURRENCY REPORT
        324 13 Bloomberg New York THE dollar rose against the mark for the fifth day amid expectations the Federal Reserve won't soon cut US interest rates. Higher rates in the US than in Germany make dollar bonds and deposits more attractive than those denominated in marks. "The US economy is
        Bloomberg  -  324 words
      • Article, Illustration
        Untitled
        1231 13 DfTERBAMg CROSS MATBS Dec 28 AS C$ ft»b ECU Ffr Pw HK$ lad »s 8i»bl> Yw Wo KM H2$ Prt i» Nso i$ Umi Sfr MTS id* Pmmi MSI Australia 0.943 6.T7S 0.521 3.432 1023 4.713 25.866 48.524 0.706 7.358 2.312 1169 ***** 23.830 1009 3.584 0.835 19.632 22.467 0J64
        1,231 words
      • Article
        Untitled
        1920 13 SICOM FUTURES Dec 28 RUBBER (futurts closing <t 5.30pm) RSS 1 CONTRACTS ccnts/kg) Ck*e Volume Open Month Mqh low Sett (tonnes) Interest Jan 99 W4.00 150 Feb 99 105.00 1175 Mar 99 108.50 107.75 107.50 1000 1275 Apr/Jim 99 "2.00 2250 Jul/Sep 99 116.50 300 Oct/Dec 99 120.00 75 RSS
        1,920 words
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      Lock icon HONGKONG
      1395 14 Reuters QfugSeng -122.08 STOCKS closed sharply lower yesterday on futures-relat-ed selling sparked by Japan's weak Nikkei index and fears of a correction on Wall Street, and brokers said the market would struggle to hold its current level. "The market suffered some profit-taking in the afternoon after the Nikkei dropped
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      Lock icon CHINA
      530 14 Reuters Shenzhen B Index +CLOB SHENZHEN'S hard currency B shares ended slightly higher yesterday, buoyed by technical support in light holiday trade, analysts said. The B Index gained 0.08 of a point to 52.59 on turnover of HKS2.9 million. The B share market was closed on Friday for the
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  530 words
    • Article
      Lock icon TAIPEI
      356 14 AFP QWP Index -20L3S SHARES plunged 3.0 per cent yesterday on selling pressure ahead of New Year holidays, analysts said. The Weighted Price Index feU 201.35 points to 6,481.65 after it dipped 0.1 per cent in the previous trading session. The market was closed on Friday for Christmas. "Investors
      AFP  -  356 words
    • Article
      WORLD STOCK MARKETS
      2307 14 LONDON Industrials 0*21 Nact *h 31 Group 580.000 -4.500 AB Ports 275.500 unch Abbey National 1275.000 -4.000 AMedDomecq 554.000 -1.500 Allied Zurich 88.300 -1.500 Amec 178.000 unch Aid* Group 159.500 -3.250 BAT Ind 542.000 -12.500 BG Pic 395.250 -0.750 BICC 62.500 2.000 BOC Group 844.500 -13.500 BR
      2,307 words
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      Lock icon TOKYO
      1546 14 Bloomberg P Nikkei 225 -8&8» JAPAN'S benchmark stock average fell for the fourth time in five sessions, led by banks on concern profit recovery will be slowed by previously undisclosed bad loans. Sumitomo Trust Banking Co dropped 5 per cent following a newspaper report it will lose billions of
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    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares edge up in thin trading
        397 15 AFP fl Composite Index +182 MALAYSIAN share prices ended 0.7 per cent higher yesterday in lacklustre trade on thin local support, with most investors away on vacation, dealers said. The Composite Index finished at 556.14, up 3.82 points. The market was closed on Friday
        AFP  -  397 words
      • Article
        Untitled
        8472 15 Cw—r >n*irt« 1998 Last Vol Day Net Cap M* LM CWWMY >» <00 M» U» E/I 320 170 Ajlnomoto 285 «-7 146 35 Angk«M #0.5 -1 24 81 80.5 H8.7 310 123 ApoNo Food HIq 274 -6 14 280 274 9.5 109.6 M8 W8 MS -5 84 193 185 3
        8,472 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        E Resources wrt: a pick on dips
        177 16  -  WARRANT WATCH -By Wong Wei Kong THE Electronic Resources warrant closed yesterday down three cents at 77.5 cents on a volume of 1.44 million units one of the more actively traded issues in a session of very quiet dealings. With a strike price
        177 words
      • Article
        CLOB INTERNATIONAL
        2072 16 NN LMt Vai Oav Last Owata A»f Ht*h In StM Company SH *ar- COOP) High L— Buy* JMee 20.5 ~3 3160 *Acar ******1USS 12 -I 26 12 OS itS 123 95 4.5 3164 Acma ******4 15.5 unch 334 16.5 15 15.5 16 16 3161 AIITach ******7 28.5 25.5
        2,072 words
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        Lock icon SEOUL
        381 16 AFP n Composite Index +7^o SOUTH Korean share prices closed 1.3 per cent higher on retail buying yesterday. The Korea Stock Exchange Composite Index closed up 7.10 points at 562.46, off a high of 571.02. Volume was 243.8 million shares worth 2.4 trillion won. A total of 29 issues
        AFP  -  381 words
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        Lock icon BANGKOK
        747 16 AFP n SET Index +4J3 SHARES closed up 1.2 per cent yesterday in light trade amid bargain-hunting on hopes foreign investors will return in January, analysts said. Positive sentiment was also boosted by data released by the Bank of Thailand which confirmed forecasts that the economy will grow by
        AFP  -  747 words
      • Article
        Lock icon MANILA
        278 16 AFP BM> 411 PHILIPPINE share prices ended barely higher in sluggish trading yesterday as most investors stayed home for the year-end holidays, analysts said. The Philippine Stock Exchange Composite Index rose 0.79 of a point to close at 1,932.94 points. Volume fell to 522.03 million shares worth 704.34 million
        AFP  -  278 words
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        Lock icon JAKARTA
        621 16 AFP Q Composite Into -L6B INDONESIAN share prices closed 0.4 per cent lower yesterday amid a lack of liquidity ahead of the year-end holidays, dealers said. "The (value of the) turnover was only 74 billion rupiah. That means there is no liquidity in this market," he said. The Composite
        AFP  -  621 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6279 17 Transaction date: Dec 28 Or Or am mt LMt Vol Day LMtOwt* M* M« VM MM Cap Ayg Hl» L— Smo Ciw»ny COOO) MN<I Uw —yor Mo Cw P/t Hk Ww 142 49 5 m I lOOO AcmaSOc 73.5 *5 613 74.5 70 734
      6,279 words
    • Article
      SESDAQ
      1104 17 Or 8r M Wt UN Last V* Day Laat Ouata Ota Dtv Yld Mat Cap Avg HtgA Laar »M*a Cawpany «al» COOP) Hmi Ua 8»yaf Mat Cw Wl Wm 243 30 a 2049 AS Auto 10c 84 -0.5 937 >7 5 83 83.5 84 IS N 7 14 7.9
      1,104 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        353 18 auto mw ST Capital 25c 13,036,000 KepTatLee Bk DBS WOO 4,906,000 Gokltron20c 3,578,000 Brilliant 8c 2,790,000 UIC 2,350,000 DBS Land 2,242,000 Hotel Prop 2,079.000 Keppd Land50c 2,002,000 VanderHorst 1,986,000 *TanChonglnt50c 1,890,000 Stocks 5 ST Capital 25c 6,244,040 DBS Land 5,311,650 KepTatLee Bank 5,147,280 UOB Foreign 4,506,610 Keppei Land 50c 3,480,330
        353 words
      • Article, Illustration
        Market ignores UOB rate cut; funds appear absent
        691 18  -  STOCK MARKET COMMENTARY Rate cats seen offset by wage cats and job losses; traders don't expect any intense window dressing ahead of New Tear By Wong Wei Kong [SINGAPORE] In quiet post-Christ-mas trading and ahead of the New Year holidays, shares closed
        691 words
      • ON THE GRAPEVINE
        • Article
          Meet the meeter-greeters
          84 18 NOT to be outdone by OCBC Bank's recent logo and corporate image change, OUB (Overseas Union Bank) recently threw a small party to celebrate its newly-renovated main branch at Raffles Place. All (tone up in plush deep purple and black, the branch is a sight indeed for
          84 words
        • Article
          Business that's more than skin-deep
          162 18 AS the fashion industry gets more competitive worldwide, high fashion brands are pumping up their cosmetics and skincare lines. And why shouldn't they? Cosmetics and skincare is, after all, a high volume business with low-entry barriers. Chanel, whose chic Parisian suits used to sell themselves,
          162 words
        • Article
          Where to find town planners
          129 18 THOSE who think that most town planners are employed by the government are mistaken. According to the Singapore Institute of Planners (SIP), only 35 per cent of its members are employed by a statutory board or a government department, with the Urban Redevelopment Authority accounting
          129 words
        • Article
          Very high price for hacking
          71 18 THIS must be the harshest punishment for computer hackers anywhere in the world. Two hackers who broke into a bank computer network have been sentenced to death by a court in eastern China. The brothers, one of whom was an accountant, had managed to electronically
          71 words
      • Article, Illustration
        HOT STOCK
        61 18  -  -by Wong Wei Kong ST Capital shares closed $0.05 up at $0,465 yesterday on a volume of 13 million shares, compared with its 10-day traded average of 6.94 million shares. The daily and weekly RSI and Stochastics indicate further upside in the near term, a reading also supported
        61 words
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      35 11 I 111- Issl wtl V capital controls mm gpg yy nirl work for China |pifilligjjllMlSjigr 3E tEiX n <-. <»»»« >» iM. ii Mi IMUMA MM ILTiT M I***********> i.jjjll' i'i Thursdays China Watch by Lu Ning TheßusinessTimes
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      10 11 I r r L I •T ufl I I I"
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      359 12 I f TheStraitsTimes I I I I I HOME NEWS AT YOUR FINGERTIPS 1 The Straits Times Weekly Edition brings you a crisp summary of the week's major news breaks reported in I The Straits Times about Singapore and Asean. Covering news from social issues, politics, business, career I opportunities
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      49 12 There is no smoke without fire. With so many lucrative business opportunities and services sizzling in The Straits Times Classified daily, it's no wonder our readers are always hungry for more. Advertise in the Business Services/ Products section (Classifications 201 to 266). Call C.A.T.S. at 1800-737-1166. I oral I
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      10 16 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes IHOAPOBB
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      52 16 ♦The Sydney and Wellington markets were dosed yesterday for a holiday I wanna Wfeak If it's time you take a break, explore the Travel Section in the Classified. Whether it's a leisurely cruise, a free 'n' easy adventure, or a convenient packaged tour, visit Classifications 570 to 599 for a
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      88 17 Hello? I m calling about\ /Ck»h, you re\ /i r j u\. I found my pet through your advertisement in great...just like 0 JL. T r I o t■ r>t a j 1 I L j II The Straits Times Classified. I n l l j l j V I
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      1051 18 BUSINESS X()t/('(\V To advertise call toll-free IXOO-741 IXX3 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KUMON SINGAPORE PTE LTD* ON MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, that the final meeting
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      17 18 Lost uour m^ pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS.
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      29 18 t®slassL„ f Use creative recruitment Ads to m |K§llglSS! VET enhance your corporate image. i IJ Plr Mkl &JHI M ft bB fr.-yTTTTJ —E'l 111 ll I ll— J
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      301 19 Bridge News Reuters THE approaching Christmas holiday hampered trading on the freight market with very few reports of concluded business surfacing and few new orders quoted. Rates remain at "miserable" levels for Panamaxes in the Atlantic and the Pacific while Capesizes rates in the Atlantic have also tumbled.
      Bridge News; Reuters  -  301 words
    • Article
      MARITIME STOCKS
      280 19 rwmmbim MM M CWT Distribution.. 0.485 *0.005 8 Chuan Hup 0.535 *0.005 42 Cosco Invastmant -0.47 FralqM Links 0.175 unch 139 CB Holdings 0.365 *0.015 20 Hal Sun Hup 0.415 *0.015 358 Hitachi 2osan 0.725 *0.005 425 IMC HoMMngs HK 5-6 Jaya Holdings 0.52 unch 5 Jurong Shipyard
      280 words
    • Article, Illustration
      Lock icon US-Asia trade imbalance set to worsen next year
      619 19  -  No improvement on trans-Pacific trade expected till end of 1999 By] Marcus Hand [SINGAPORE] The New Year may not bring much festive cheer for container shipping lines on the main EuropeAsia and US-Asia trades as this year's crippling trade imbalance is set
      FILE PHOTO  -  619 words
    • Article
      Lock icon Chu Kong in two joint ventures
      134 19 AFX-Asia [HONGKONG] Chu Kong Shipping Development Co Ltd said it will set up two joint ventures one to provide shipping transportation services between Hongkong, Macau and the ports of the Pearl River Delta and a second to offer freight forwarding in Shenzen. Both joint
      AFX-Asia  -  134 words
    • Article
      Lock icon China shipping firms told to buy locally-built vessels
      293 19 Domestic yards' competitive edge blunted by currency devaluations of Asian rivals Reuters (BEIJING] China's State Council, or cabinet, has ordered domestic shipping companies to purchase indigenously built vessels to help the nation's struggling shipbuilders, the official Xinhua news agency said. "The State
      Reuters  -  293 words
    • Article
      Lock icon Japan shipbuilders losing out to Koreans due to rising yen
      221 19 Bridge News [TOKYO] Japanese shipbuilders are losing business to their South Korean counterparts due to the yen's renewed strength against the US dollar. In October-December, Mitsubishi Heavy Industries, Hitachi Zosen, Kawasaki Heavy Industries and Sumitomo Heavy Industries received no shipbuilding
      Bridge News  -  221 words
    • Article, Illustration
      Lock icon Complacency is worst enemy
      826 20 mUNE SECURITY Security has improved since Pan Am 103 blew up over Lockerbie 10 years ago but passengers are still at risk Reuters [LONDON] Airline security has come a long way since Pan Am flight 103 was blown up over Lockerbie 10 years ago, but experts
      Reuters; FILE PHOTO  -  826 words
    • Article
      SHIPPING SCHEDULES INDEX
      217 20 PACE ECU Line 6 ACL 6 ECl 5 ANL 3 Evergreen 6 Accord 8 8 Appenship 5 G Link Austral 8 GwMrtrans 8 BalajiSJipg 4 8 BSA 7 Hanfll1 B'tang Mas 8 Han n CCNI 7 H«ung-A CMA 8 HyUOto COSCO 5 Indoqulf 8 CSAV 3 Interasia
      217 words
    • Article
      SHIPPING GUIDE
      16908 27 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT u...>i uahvu T*i*onort« I ETA ETA Adv*rti*»r VmmI Vovmc T»t»ohon« I ETA ETA A<>v«fttS*f V»*s*< V< rr» Vassal Voyaoa Talaphona I ETA ETA Advarliwr Voy«g* Talaphona I l t A n A cr rr nJT Numt >. I 08/01 08/01 CCNI P&ONLL SAO PAULO 5001C
      16,908 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        790 31 Vessel Voy No Berth Arrive! Departure Jaraag Port Idhguna JT 1298J JOJ 4k»gjid4 SaymaK) 1848 BM8008 J02 g, *****8 JOI «onga« »2/0400 St IM in *****8 JOI aiongw* 2912/0100 Cosmor <2/98 J" along** 04.13/1*00 Sanaa 1 o«mj J07 »<*>«*« Hms Pr«~u«» 009W JO *on*ido S^ISHms I 015* JW
        790 words
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        CONTAINER SCHEDULES
        1874 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balance Rstls Ship Vov No Etb/Btr Period From To From 12/91 31/1800 M 21/1500 24/1659 21/1900 IS 21/1500 21/1459 21/1*00 24 21/1700 29/0659 21/0*00 21 21/1700 29/0659 29/OTOO i mono 29/1159 »moo 4 29/1200 29/1459 29/1700 MHMal IMSN 30/0400 H
        1,874 words
      • Article
        GLOBAL HOLIDAYS
        244 31 Deo 29 Japan: New Year Holiday (Govt Offices). Dec 30 Japan: New Year Holiday (Govt Offices). Philippines: Rizal Day. Dec 31 Philippines: New Year's Eve. Brunei: Yearly Bank Closing. Japan: New Year Holiday (Govt Offices). Switzerland: New Year's Eve. Thailand: New Year's Eve. Jan 1 Australia: New Year's
        244 words
      • Article
        COCKETT BUNKER MARKET REPORT
        829 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
        829 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        487 31 CwtM 180 Mot 991.0 3.9 ».4 0.15 78 0.07 Dec 17 Density Water Residue Asb Aluminium Sediment No »6ov» £25 0 1 1 1 0 0 380 Ave 988.1 0J 14.5 0.07 31 0.02 bio 380 Mai 994.2 1.0 19.6 0.11 61 0.06 WW! VA jMgj
        487 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Airlines suffer big losses due to New Delhi fog
        396 32 Flights cancelled, hundreds of passengers stranded at Delhi airport Reuters [NEW DELHI] Thick fog at Delhi airport on Sunday disrupted air traffic and caused big losses for airlines. "Approximately 60 domestic flights take off and 60 land daily. About 50 per
        Reuters  -  396 words
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        Lock icon US praises security at HK's new intern'l airport
        253 32 Xinhua [HONGKONG] Officials of the Federal Aviation Administration (FAA) of the United States have commented that the aviation security at Hongkong International Airport (HKIA) is "excellent" after an inspection of HKIA. The FAA said that the security arrangement and practices at HKIA
        Xinhua; FILE PHOTO  -  253 words
      • Article
        Lock icon A white knight for Volvo?
        184 32 Reuters [NEW YORK] Ford Motor Co may be a "white knight" for Swedish car maker Volvo AB amid rumours a takeover proposal by the US car giant could be made to head off a rumoured hostile bid by Volkswagen, according to a report. The Barron's
        Reuters  -  184 words
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        Lock icon Ford signs US$78m deal with Philippine suppliers
        181 32 Reuters [MANILA) US car giant Ford Motor Co said yesterday it had signed auto component sourcing contracts worth US$7B million (*****.7 million) with two Philippine suppliers. United Technologies Automotive Philippines Inc (UTA) bagged a US$5O million contract while Yazaki-Torres Manufacturing Inc's deal amounted
        Reuters  -  181 words
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        BMW 3 Series wins Japan's top award
        111 32 [SINGAPORE] The BMW new 3 Series (above) has been named Japan's 1998/99 Import Car of the Year by the Automotive Researcher and Journalist Conference of Japan (RJC). The panel selecting it said that it recognised the car's superior achievement as a "sporty sedan
        111 words
      • Article
        Lock icon Haneda airport hits 50m passenger mark
        253 32 It is the fourth busiest domestic airport in the world Bernama-Kyodo [TOKYO] The annual number of passengers using Tokyo's Haneda airport for domestic flights topped the 50 million mark yesterday for the first time since the airport opened in 1931, Haneda officials said. The
        Bernama-Kyodo  -  253 words
      • Article
        Lock icon European airlines' passenger traffic up 7.1% in Nov
        273 32 Bloomberg [BRUSSELS] European airlines saw a rise of 7.1 per cent in passenger traffic in November, a slightly lower figure than the trend for the year to date, as European traffic slowed, the Association of European Airlines said. International passenger traffic rose
        Bloomberg  -  273 words
      • Article
        Lock icon Dragonair's passenger traffic down 9.5%
        122 32 Reuters [HONGKONG] Hongkong Dragon Airlines Ltd (Dragonair) said yesterday it carried 9.5 per cent fewer revenue passengers in November 1998 versus the same month a year earlier. Dragonair said in a statement that it carried 151,614 passengers in November, down from 167,559 in November 1997.
        Reuters  -  122 words
      • Article
        Lock icon Nissan's Indon subsidiary stops operations
        268 32 All workers retrenched: Jakarta Stock Exchange AFX-Asia (JAKARTA] Nissan Motor's Indonesian subsidiary, PT Ismac Nissan Manufacturing, has ceased operations and laid off its employees, the Jakarta Stock Exchange said, citing a letter from major shareholder PT Indomobil Sukses International. "The shareholders have decided to cease
        AFX-Asia  -  268 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1762 32 Cm FLIGHT ETA FLIGHT ETO LH778 1650 S026 2355 MM BA7J81 1930 BA7382 2050 ""578 1650 LM779 2359 0F81 1930 0F82 2050 «45T9 2359 AN8229 2230 8A7306 1840 $***** 2359 IH6380 2230 W I 1 S0229 2230 M—to S0909 1130 S0990 Wg Amsterdam KL843 0540 M9T2
        1,762 words
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      17 19 Airline security: Complacency is worst enemy Security has improved but passengers are still at risk. Page 2
      17 words
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      513 19 Ppfmlp International Workßoat Show TtHS The International WorKßoat Show Sam lan has been Singapore will be held appoints as Federal from March 10-12,1999, Express' managing director at the Singapore Expo. zak TT" fn/ Knftlnnv It will focus on the comfor technotogv. mercial boat segment S| Based in Singapore, Mr Tan
      513 words
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      Page 19 Advertisements Column 3
      167 19 Attract loads of new business 1•. v v AIR CARGO Special Feature Shipping Times Thursday, 21 January 1999 (Booking deadline: 14 January) To highlight the latest developments and the future of the Proposed editorial highlights include: multi -billion dollar air freight industry. Shipping Times will Future development of the air
      167 words
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      Page 19 Advertisements Column 4
      20 19 Airlines suffer big losses due to New Delhi fog Flights cancelled, hundreds of passengers stranded at Delhi airport. Back Page
      20 words
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      785 20 I import 1 i NORTH AMERICA QULF/tNDIAN SUB-CONTINENT [SUPER SHUTTLE EXPRESS j tOULF KARACHI EXPRESS (QKX) I VtSStl VOTAOt I to VESSB. VOT I JtA IMM| UH [mo KAR COL PtO SIN OOd AMERICA 30W544 01/1J 20/12 rto NIDUOTD DUIAI mP 02/12 04/11 04/1? 04/11 11/12 IS/12 10/12 20/12 00CICALIFOONU
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      Page 20 Advertisements Column 2
      703 20 Lines services represented -1 by Members Re 9 istr v of Accredited Shipping Agents xg»«» Singapore Shipping Association Members of the 3 3f 1 Singapore Freight Forwarders Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess Lily V 0199 14/91/91 15/11/99 24/91/99 Princess lih V 9299
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      Page 21 Advertisements Column 2
      1655 21 (3) HANJIN SHIPPING HANJIN SHIPPING 5) PTE LTD hup://mm ha* IOOtUNC *****35 737 SAIfS *****74 731 HUKM *****7 774 OWUnOKS 37*0741 757 MAIH U« *****5S fU *****60 a **********0 M TO NW USA CANADA USA C ANAI>A* fmvu/voy mm si unehaui/voy su tiw «m Si m msp rn i an
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      Page 21 Advertisements Column 3
      244 21 KMT C provides LCL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 271 2325 fctwmw Lauuuiiij) uNAZAwiazmizSwoMi) mmm smmm UnSUaAfrtiPklll *****11/*****14 P*l Om, (W,O>7S*7SJO (f«l0J-7J45J41 (S-|) SAUIA ;yr!i IOHRHttW(tC) TOUAMItAI(T'WJt' IO P— W44-1U4444 (Hi)l4-*****44 tHItT ,lUOi j HTTP://WWWJMTCCOJB (Ml 07-H2IW7 <N»)47 IS7Mtt
      244 words
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      1263 22 DSR-SENATOR UNES TO UK/CONTINENT TO MEDrrERRANEANCANApA VtSStl VOY *s!7" LEH HTM WW HAM IHV fU VEMEI ¥0T SIM BIT SPE EOS W.C MTW HANJM KEELUNG ~WQOOI 11.12 00 01 Of 01 07 01 0101 HOI CHOTAMi PHOEMX WMOOI 10.11 03.01 04 01 00 01 10 01 17 01 PUNJAO SENATOR
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      1039 22 amMAC-NELS S PORE MSIA Carrier: MN COMTR LINES, ING p. guoang:<o7) *****28 I\-/\"| cm MO. ISOOR7MOOOR S»U: (084) *****9 MAMLA: (632) *****34 V l W V PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKT. (21)*****07 MON: (61)*****3 KUCHB4G (082) *****1-3 BARCELONA ETA SIN MV "NORASIA
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      669 22 LINE fiy TIL J *****56 FAX) I9UIII r MUARA LABUAN vcsa vor tro eu vessh. vot etd eta VOMMUAM sratl IN SIMITSHOK V34E/00 01/01 04/01 STIAITS HOPE V 341/00 01/01 05/01 CA«AIAjNO-32V01i/W OS/01 00/01 CAAAAA JNB-32 YOII/W 05/01 00/01 STOA/TS HOP! VOIt/99 12/01 15/01 STRAITS HOPE VOll/W IJ/01 10/01 CUtAKA
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      1295 23 [VESSEL VOY SIN SIP PKO PEW ROB DUB SHJ BA ~BIK IRAN TAKHTI PJLI324 07/01 16/01 18/01 17/01 20/01 IRAN TABATABAEI TBA 25/01 04/02 03/02 05/02 08/02 PQB« Mina Qabooi OUB Dubai, SHJ Shariah. BA Bandar Abbas, BIK Bandar Imam Khomeini ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS
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      Page 23 Advertisements Column 2
      1984 23 W«»kly to Kvropi Main Por»»l Kviry Monday and Saturday I Diroct to Browoniiqvon in 20 day» J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #i7-o« dis ildg saus/kkgs 4205R57/60 inward oept(D/O) *****85 COSTAR AGENCIES (M) SDN BHD CR NO:
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      Page 23 Advertisements Column 3
      657 23 EASTERN CAR LINER, LTD. |E Ea (SINGAPORE) PTE LTD JKSSS* I SPECIALIZE IN ROUP HEAVY LIFT UPTO 450 TOWS] ECI (SINGAPORE) PTE LTD LOAD NG FOR MADRAS/CHITTAGONG/HALOIA PORT KLANG/COLOMBO MV "CORAL HERO" V0Y.14 MV "TAISHUN" V. 33 ETA SIN 01/01/99. ETA MAD 08/01/99 ETA SIN 03/01/99 ETA PKL 04/01/99 ETA
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      1376 24 EUROPE/I) K/SCANDINAVIA/FINLANO/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E. DECENT RW-007 03/91 22/01 27/01 23/01 25/01 26/01 27/01 E. REACH RE-021 02/12 05/12 04/12 00/12 00/12 31/12 01/01 E. DIAMONO RW 003 10/01 29/01 034)2 30/01 01/02 02/02 03/02 E ROYAL RE-040
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      1110 24 ADVANCE CONTAINER LINES (PTE) LTD ft I Z 140 Cadi Street, #12-00, PIL Building. Singapore *****0 Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO **********0E OPERATIONS: *************** BANGKOK JAKARTA I Weekly 5 Sl|< PUT/2 Sl|t LCH/1 Sl| MIT) (6 UHl*|«/Ww>) VESSEL VOT SIN BKK VtSSa IVOY «N
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      Page 24 Advertisements Column 3
      616 24 rca> NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VKStI VOY SIW "~nu PUB IJW I CFT Ito NAKttirawS V.031S 03/01 11/01 IS/01 11/01 19/01 2J/01 GOiDEW DtAGOU V.009S 11/01 20/01 24/01 "g/jjT "H/pT ~1~ MAICUI PtIWCESS yQ2tS 11/01 Q2/Q? "05/oT "pj/w" NAMTAI QUEEN VO3K 24/01 04/02 (H/Q? 11/02
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      473 25 JBSfljl MYANMA mai FIVE STAR LINE (Myanmar National Line) Loading (or Yangon (Rangoon) VESSEL YOY SIN PHI KM PGU smwi »3w su> DAWII m s»o MALAYSIA AM NTS. BOUSTtAD SHIPPING AOOKIIS KUt m (03)*****00 PKL HI (03)*****01 PM: m (04)*****0? PGU: HI (07)*****21/4 BANK LINE (A s»rvi<* of Andrtw Wtif
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      Page 25 Advertisements Column 2
      1655 25 MMAW 1 HYUNDAI MERCHANT MARINE CO., LTD. [VBSQ VOY ISM I SOU UN ITM ANT HAM MV FH [VBSI VOT SOU I LB4 1 RTMI AM I NAM IMY I B I Si I KYADMMAI 317W 31/12 11/01 23/01 20/01 21/01 NOIIOUTE 0101 12/12 11/12 06/12 01/12 29/12 !tt CORAL
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      Page 25 Advertisements Column 3
      1041 25 t nofwogor speaakzed oukxornen TO NORTH AW'LATM AMERICA RORO HEAVYUFT SERVICE" jVISSII VOY RAMP HEIGHT SIN LAX CKI MIA SAV BAL I ORF NYC NEW MOI TAPKXA F9Ol 400 Ton O* *****" 24/01 102/0 i 05/02 07/02 09/02 10/02 11/02 14/02 17/01 TAMPA F902 400 T«h 6.3 M 14/01 09/02
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      861 26 BAHOKOft/ MAP TA PHUT/ lAIM CHABAMOj JAKARTA/PAN JAHO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA RATNA RNAO77 ~*****~ 02/01 ANRO QOWA' 086 In Pt 02/01 NANTA BHUM** 4MN 30/12 02/01 03/01 GURU BHUM 11 OS 30/12 03/01 XETHA BHUM 26SN 31/12 03/01 GURU BHUM 110
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      Page 26 Advertisements Column 2
      577 26 INDONESIA NATIONAL LINE TO EUROPE EXPreSS SEMt-COffTAtfgreSED SERVICE vsi vot r&i%\nmflrum\wwK\mm* jjngar vush ii/n I n/n i>/n own w/»i TO AUSTRALIA I FULL CONTEMNER SERVICE vn 1 vorl wm s» ml |sTp|«fl|H>A|ta|«i UJBMMt lAT MS 31/12 W/OI 10/01 15/01 11/41 21/41 14/11 MIST WHHIf 2H 07/0100/01 W/01 H/41 M/ 01
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      Page 26 Advertisements Column 3
      988 26 vrean c VOY I SM I PKL MLA L&i HTM HAM ZEE SOT VM-LE OE AMTAWES L29W OSW Q&OI 1&P1 2VQI 26A)1 27/01 28*01 3CWI VXEDEVIROO S29W 12W 13AM 2S/01 ul/Qg 02/02 03*02 06/02 OMB VMXE 06 VELA N29W 1ft«01 20*01 01/02 QMB gg OftTO 12*02 13*12 VN-LE ED6 SHANGHAI
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      Page 26 Advertisements Column 4
      16 26 CONVENTIONAL/BREAKBULK SERVICE LOADING FOR COLOMftO/CALCUTTA 30.H.91 LOADINO PO« DUBAI/DAMMAM/AMI DHABI 30.1 2.98 LOADINO FOt CHITTAOONO/BOMBAY 31.119*
      16 words
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      Page 27 Advertisements Column 1
      57 27 ®New Service to m Middle Jul MEXICAN LINE M jf TRANSPORTACION MARITIME MEXKANA, SAde CV. X"Ssf\ Wdll Hdi UfIGS Is Now with Ben Line Agencies on Page 8 v Page sMi i j'V JaE New Service to Calcutta/Haldia oiRECTjHMi Jl TO Calcutta ■■■ZIHI Qwi Shipping SAMUDERA SHIPPING LINE yw Page
      57 words
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      48 29 VaTal STEfc"fcDial 740-6000 Oil QGITISnG (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 J& Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times !S»!KS2asi-
      48 words
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      Page 30 Advertisements Column 1
      148 30 f wmmmmm free deader Enquiry Service cut out and Fax to 65-*****29 ■fliiiMMMnimiM I 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: ~j ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times
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  • Page 31 Miscellaneous
    • Miscellaneous
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      133 31 MWWT* o to; m ivj *J;V LEGEND: R Thunderstorm Temperature V Shower Weather Wind direction with speed m knots e Rain vj Cloudy Sky Wov height Surface winds are indicated by arrows which fly with the wind One fu« circle represents calm or light and variable wmds i__ One holf
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