The Business Times, 31 December 1998

Microfilm: NL21361
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    13 1 85c ,/MITA WT2&$/ The BUSINEŚ TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, DECEMBER 31, 1998
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  • Article
    MARKET SUMMARY
    63 1 DSuim BT-SEI lOQJBO (+6.55) PI ssasa futubes U 213.75 (+1.11) f*f MAIKET MOQDt UlNl STOCK MAUET DCDICBS WfldiMsdiy QufflfB KL8EOOHP 674M NIKKEI UUM117 4.71 HANG SENG it,ttL44_*IRH 8ET INDEX XfcSt *iM$ JAKARTA COUP —SMtM ♦LSI MANILA OOMP Owed TAIPEI WI1 M«UI 1614 SEOUL OOMP JCkmi CI£A CHINA B
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  • Article
    FINANCE
    69 1 IMttP US» SI USt UN S(U8S/StperS) LUt tm DM Vtn UH YEN 1IU LM* ni sjn tm HKS 7.748 1114 BAR SUN 8046 BOFIAH MB <UBI •VMM* mitt •WtfJftmlto naBIHB snoapore* m KUALA LUMHJR 11.K JAKARTA j|Jt BANGKOK 1471 MANILA UN HONGKONG Mitt TAIPH l» SYDNEY Ml TOHO tm
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  • Article
    S'pore GDP may have grown at a stronger 1.2%: economists
    630 1  -  But they expect next year to be more difficult with growth estimated at 0-3% By. Audrey Tan [SINGAPORE] The Singapore economy may have held up better than the government had expected, with growth of 1.2 per cent for the year
    630 words
  • Article
    PR application to be more transparent from Jan 2
    398 1  -  Applicants to be assessed on new points system By\ Eugene Low [SlNGAPOßE] From Jan 2, the assessment criteria for permanent residence applications will become more transparent, Singapore Immigration and Registration (SIR) said yesterday. SIR also announced that foreign professionals on short-term
    398 words
  • Article
    FHTK trips up over bananas
    398 1  -  Fruit and vegetable company posts $30.9 m interim loss By Clarissa Tan [SINGAPORE] Slipping banana and garlic sales have produced a hefty $30.9 million interim net loss at fruit and vegetable company FHTK Holdings and took a 25 per cent bite off shareholders' funds. FHTK,
    398 words
  • Article
    '99 may see launch of up to 11,500 private homes
    1098 1  -  Final tally will depend on market conditions, with relaunches a factor Byt By Corinne Kerk and Ang Wan May [SINGAPORE] Come 1999, there may be as many as 11,500 private residential units launched by developers double the 5,500 launched this
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      Page 1 Advertisements Column 1
      148 1 msiDE US planes hit Iraqi site US warpianes attacked an Iraqi missile site in southern Iraq yesterday after six to eight surface-to-air missiles fired on British jets, FglO ruunirwi it Across Europe, tens of thousands of bankers and foreign exdiange traders have booked hotel rooms for the llth-hour behind-the-scenes preparations
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      97 1 Editorial: The outlook for Singapore, Pg 11 GDP grew 0.9% in '98: UOB, Pg2 1998 The year of I riots, rout and ruin BT's YEAR IN REVIEW A A t 7Jm i olnMi/iii mrmrC s rii' reiourie** scnrj, StHlin.a off thp M 111 10 *3P I I g the alk
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      Page 1 Advertisements Column 3
      27 1 List of new property launches, Pg 2 133 properties sold by auction, up from 56 in 1997, Pg 2 HDB oats back main upgrading programme, Pg 2
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Treasury profits surge to record $3.1b in 1997
      459 2  -  Revenue boosted by volatile currency markets; forex was top money-spinner ffy( Clarissa Tan CURRENCY swings in world markets helped bring profits from treasury activities in Singapore to a record high of $3.1 billion in 1997, according to the Singapore Foreign Exchange Market
      Source: OCBC  -  459 words
    • Article
      Venture capital raised tops $lb in Jan-Oct
      306 2  -  That's a 230% surge from 1997; IT firms are main recipients By Mariasa Chew SINGAPORE'S venture-capi-tal industry raised $1.1 billion in the first 10 months of 1998, up 230 per cent from the whole of 1997, a survey of the industry by the
      306 words
    • Article
      133 properties sold by auction, up from last year's 56
      285 2  -  Huge increase in mortgagee sales, trend to continue next year, says JLW By< Corlnne Kerk IN what has been a tumultuous year for the market, the number of properties sold by auction this year more than doubled, while the proportion
      285 words
    • Article, Illustration
      Lock icon Private housing most affordable for upgraders in Q2 last year: index
      296 2 PUBLIC flat owners upgrading to private property would have found it most affordable to do so in the second quarter of last year. Since then, real affordability has dipped, according to a new Jones Lang Wootton affordability index. The
      Source: JM Sassoon  -  296 words
    • Article
      Lock icon HDB cuts back main upgrading programme to five precincts
      392 2 If economy pick* op, five more may be added: Hug Kiang The Straits Times THE Main Upgrading Programme has been scaled down further to five precincts next year from 10 this year. Announcing this yesterday, National Development Minister Lim Hng Kiang
      The Straits Times  -  392 words
    • Article, Illustration
      Lock icon GDP grew 0.9% in '98: UOB
      315 2  -  EYE ON THE ECONOMY GDP By Eugene Low SINGAPORE should see a 0.9 per cent growth in gross domestic product this year, and the forecast for 1999 is between minus-0.5 per cent and plus-0.5 per cent, says United Overseas Bank (UOB). Its forecast for
      Source: UOB  -  315 words
    • Article, Illustration
      Lock icon Unity offers 5% price cut, new line of generic drugs
      332 2  -  By. Mariasa Chew WITH all the worry about the Asian economic malaise giving people much stress and headache, the Unity pharmacy chain is making medicines cheaper with a price cut and a range of generic drugs. The retail arm of
      ARTHUR LEE  -  332 words
    • Article
      Residential properly: earliest price pick-up seen at end-99
      214 2 RESIDENTIAL property prices will not improve until the end of 1999 in the "best case scenario", said Steven Choo, executive director at Jones Lang Wootton. Other property sectors commercial, industrial and retail are not likely to recover before the residential sector, which
      214 words
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  • REGION
    • Article
      Lock icon Anwar's semen found on mattress: govt chemist
      389 3 ANWAR'S TRIAL Stains also came from wife of ex-DPITs former private secretary Reuters A GOVERNMENT chemist told a Malaysian court that some sexual fluid stains found on a mattress belonged to sacked finance minister Anwar Ibrahim and the wife of his former private
      Reuters  -  389 words
    • Article
      Lock icon Hanoi okays US$l.3b refinery project
      147 3 HANOI Reuters VIETNAM has approved an investment licence for a controversial US$l.3 billion (552.2 billion) oil refinery to be built jointly with Russia's state-run Zarubezhneft. An official from the Planning and Investment Ministry said yesterday the licence was issued on Tuesday, and state-run Petrovietnam and
      Reuters  -  147 words
    • Article
      Lock icon Sihanouk says no to amnesty, backs tribunal
      318 3 PHNOM PENH AFP CAMBODIA'S King Norodom Sihanouk refused yesterday to endorse a government amnesty to former leaders of the brutal Khmer Rouge Khieu Samphan and Nuon Chea, who quit their jungle rebellion last week. The revered monarch, citing the will of the "large
      AFP  -  318 words
    • Article, Illustration
      Lock icon Hoping for a sound New Year
      52 3 [JAKARTA] An Indonesian street trader blowing a paper trumpet he is selling ahead of the country's New Year celebrations in Jakarta yesterday. A subdued New Year is expected with Indonesia still in the grip of a devastating economic crisis and a wave of spiralling
      REUTERS  -  52 words
    • Article
      Lock icon Habibie wants Suharto probe over by June polls
      344 3 JAKARTA A-G will summon Suharto again soon; minister dismisses call for extradition Reuters INDONESIAN President B J Habibie wants the corruption probe into his disgraced predecessor and mentor, Suharto, completed before next June's national election, Information Minister Yunus Yosfiah said yesterday. "He
      Reuters  -  344 words
    • Article
      Lock icon Looters will be shot on sight sayslndon police chief
      259 3 JAKARTA AFP Reuters INDONESIA'S national police chief yesterday ordered looters shot on sight with rub-ber-coated bullets, saying warnings had been futile in stemming the plundering of food trucks and stores. "To the looters, and not protesters, there will be no more
      AFP; Reuters  -  259 words
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      Page 3 Advertisements Column 1
      32 3 3% low interest rate! «k Premium Philips car audio system! j' Luxurious finishing! The Audi A 6. It's a comfortable ride tjlfr J||SrFM H even on your pocket. jHk I ~.;*> .*zvo~» '$£?s'''''''^Sf^^^jSj^L
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon China reports GDP growth of 7.8% in 1998
      444 4 Rate slowest since 1990, bat is in line with expectations; shares post gains Bloomberg [BEIJINGI China's economy, the fastest-expanding major economy in the world, grew 7.8 per cent in 1998, in line with expectations, as a gov-ernment-led investment splurge offset a drop
      Bloomberg  -  444 words
    • Article
      Lock icon Foreign investment falls 11%
      249 4 AFP [BEIJING] Foreign investment in China fell by 11 per cent or about US$5 billion (SsB.3 billion) in 1998 as the Asian financial crisis took its toll, officials said yesterday. Direct foreign investment in China totalled "around US$4O billion" for the year, compared to U5545.28 billion
      AFP  -  249 words
    • Article, Illustration
      Hits and misses on Zhu's report card
      742 4  -  CHDVA WATCH Premier will probably be best remembered for some of his bold reforms By Lu Ning IT is Zhu Rongji's first year in office as China's premier, and the report card is just in: China's official statisticians yesterday unveiled preliminary economic figures
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    • Article, Illustration
      Lock icon Estrada signs bigger '99 budget to rev economy
      329 4 Reuters [MANILA] Philippine President Joseph Estrada yesterday signed into law a higher budget for 1999 including a fiscal deficit of at least 18 billion pesos (*****.1 million) to stimulate the country's sagging economy. The 585.1 billion peso national budget for 1999 is
      Reuters; AFP  -  329 words
    • Article
      Banks face even tougher 1999, says HKMA chief
      682 4  -  He expects one or two to post losses bat no insolvencies FYom Quak Hiang Whai in Hongkong BANKS in Hongkong will face an even more difficult year in 1999 and some of them may even report losses, Hong Kong Monetary Authority chief
      682 words
    • Article
      Lock icon Danaharta issues RMl.5Bb bonds for banks' bad debts
      221 4 AFP [KUALA LUMPUR] Malaysia's state-backed asset management agency said yesterday it had issued 1.58 billion Malaysian ringgit (Ss6B9 million) in bonds to various financial institutions in exchange for their non-performing loans. Pengurusan Danaharta Nasional Bhd, set up to absorb banks' rising bad
      AFP  -  221 words
    • Article
      Lock icon World Bank unit ups Philippine bank stake
      228 4 It also plans to pat money in China and S Korea banks Bloomberg [WASHINGTON] The International Finance Unit, the private lending unit of the World Bank, raised its stake in a Philippine bank and may invest in banks in China and South Korea,
      Bloomberg  -  228 words
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      163 4 GOLD/^PFEIL GERMANY Sale up to 50% Sale now on till 31 8t Jan '99 Unit N0.5, Orchard Parade Hotel, l Tanglin Road, Singapore *****5 Tel: 738 7900 #02-28/31 Wisma Atria, 435 Orchard Road, Singapore *****7 Tel: 834 2191/92 We're open daily from 10.30 am to 9.30pm ffffffmfTTffmfTTTfffTTfi OFFERMANN j Sa£e\
      163 words
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  • THE YEAR IN REVIEW
    • Article, Illustration
      Lock icon 1998 – the year of riots, rout and rain
      2205 5  - 1998 the year of riots, rout and rain Stocks tumbled. The powerful were humbled. And the rich chastened. CATHERINE ONG looks back at an eventful year for the region CATHERINE ONG WHAT a year! What an extraordinary, shocking, breathtaking year. Most of Asia must have wished 1998 was a hoax
      Reuters; Source: Bloomberg  -  2,205 words
    • Article, Illustration
      Lock icon Asia hangs on
      1014 6 T| he Straits Times Industrial Index, Singapore's most widely-followed barometer of well-.;:: being, started 1998 at the 1,500-level and ended just below that. The little change a year of roller-coaster rides, powered by an aafiaiing unfolding of events in the region, A year of riots, rout and
      ARTWORK: JEN CHUA  -  1,014 words
    • Article, Illustration
      Lock icon Restructuring was the theme
      1007 8  -  Corporate Singapore met the challenge posed by the crisis and boldly provided for the excesses of the past says CATHERINE OHO CATHERINE ONG IF investors and analysts are feeling more sanguine about the outlook for the Singapore stock market in 1999 than they are about other
      FILE PHOTOS  -  1,007 words
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      THEY SAID IT
      639 8 "The IMF has a very poor track record. They've always been very rosy and optimistic. I'd recommend they stop publishing forecasts." Sung Won Sohn, chief economist at Wells Fargo Co in Minneapolis. "I was taken to task by Dr Mahathir because he said I greatly exaggerated in
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  • REGION
    • Article
      Lock icon S Korea to launch corruption probe into Posco
      261 9 SEOUL Reuters SOUTH Korean prosecutors are expected to launch a probe involving the former chairman and nine executives of Pohang Iron and Steel Corp (Posco), prosecution sources said yesterday. Prosecutors are now examining a report from the Board of Audit and Inspection,
      Reuters  -  261 words
    • Article, Illustration
      Lock icon Bye-bye, buyers
      50 9 [HONGKONG] A customer yesterday leaving a Daimaru store in Hongkong which closes down tonight. Hongkong's economy shrank by 7.1 per cent in the third quarter ofl99Bfrom a year earlier, hurt by slack consumer demand, falling exports and a drop in investment spending, the government said on Tuesday. REUTERS
      REUTERS  -  50 words
    • Article
      Lock icon India finding it hard to hit export growth goal
      300 9 NEW DELHI Revised 15% target based on hopes of an S-EA recovery Reuters INDIAN Commerce Minister Ramakrishna Hegde said on Tuesday that it would be difficult for India to achieve the targeted export growth of 15 per cent in 1998/99 (AprilMarch).
      Reuters  -  300 words
    • NOTE Bòok
      • Article
        Lock icon Chuan tops Thai popularity polls
        101 9 Reuters [BANGKOK] Thai Prime Minister Chuan Leekpai is by far the country's most popular politician, a year-end opinion poll showed yesterday. A face-to-face survey of 27,314 people across Thailand in November and December by the respected Suan Dusit Institute showed 51.4 per cent of respondents
        Reuters  -  101 words
      • Article
        Lock icon Dive in Indon investment approvals
        60 9 Reuters {JAKARTA] Foreign investment approvals in Indonesia fell to US$l3.3 billion (Ss22 billion) in 1998 from US$33.B billion the previous year while domestic investment approvals dropped to 59.4 trillion rupiah (Ssl2 billion) from 119.9 trillion, Investment Minister Hamzah Haz said yesterday, citing the political and
        Reuters  -  60 words
      • Article
        Lock icon Shanghai Itio repay outstanding bend
        105 9 Bloomberg [HONGKONG] Shanghai International Trust Investment Corp, the development arm of the city's municipal government, repaid its only outstanding international bond when it matured on Tuesday, payment agent Oversea-Chinese Banking Corp said. The US$7O million (Ssll6 million) five-year floating rate note payment came amid concern
        Bloomberg  -  105 words
      • Article
        Lock icon China cabinet to give rales tor B shares
        87 9 Reuters [SHANGHAI] China's new securities law has empowered the State Council to provide supplementary rules on the trading of hard currency B shares. "Concrete rules on the trading of shares of domestic companies open to foreign retail and institutional investors and in
        Reuters  -  87 words
    • Article
      Lock icon China sells second batch of investment funds
      380 9 SHANGHAI Firm support from retail bat it's not as oversubscribed as predecessors AFP CHINA launched a second batch of investment funds yesterday, with the public issue of the Puhui Securities Investment Fund in Shenzhen drawing solid support from retail investors. Two billion units
      AFP  -  380 words
    • Article
      Lock icon Marxist die-hard slams sell-off of China state firms
      329 9 BEIJING Reforms eroding rights of majority: ex-propaganda chief Reuters A CHINESE die-hard Marxist has condemned the sell-off of small, ailing state-owned enterprises and warned that capitalism is eroding socialism. Hardline comments by 84-year-old Deng Liqun, once China's propaganda chief and still regarded
      Reuters  -  329 words
    • Article
      Lock icon Korea delays decision on sale of Korea First Bank
      332 9 SEOUL Govt wants more talks with bidders HSBC and US gronp Bloomberg KOREA'S government delayed a decision on its sale of state-run Korea First Bank, saying it needed further talks with bidders HSBC Holdings pic and a US group which includes
      Bloomberg  -  332 words
    • Article
      Lock icon Taiwan hits back at isolation polity
      220 9 TAIPEI Zero allies means zero re-unification, says foreign minister AFP TAIWAN Foreign Minister Jason Hu yesterday warned there would be "zero reunification" if Beijing continued squeezing the island out of the world community. "We want them (Beijing) to carefully think about their so-called one-China
      AFP  -  220 words
  • Page 9 Advertisements
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      1439 9 5 LOAM AM ADVANCES (SS) 1988 1997 SltTiGFinfiUCG Lto Loans, advances, hire purchase and lease receivables 212,879,182 212,448.727 tfllllVl llianw kiw Less interest in suspense (1.884,646) (331,955) (Incorporated in Singapore) Unearned interest (12J71.321) (13,963,987) Proviswn tor doubtful debts (7,781.754) (8,261,649) 192.817,888 191,891,136 BALANCE SHEET (SS) Proviswn tor doubtful debts l
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  • THE WORLD
    • Article
      Lock icon US planes attack missile site after Iraq fires at UK jets
      444 10 WASHINGTON This marks second exchange of fire since Iraq challenged no fly zone; patrols to continue, says US AFP US warplanes attacked an Iraqi missile site in southern Iraq yesterday after six to eight surface-to-air missiles were fired on
      AFP  -  444 words
    • Article
      Lock icon US Senate, House split over calling witnesses
      292 10 WASHINGTON Reuters SENATE Majority Leader Trent Lott and 13 House Republicans charged with presenting the case for removing President Bill Clinton from office are split over whether to call witnesses, a move that could add weeks and perhaps months to the proceedings. The
      Reuters  -  292 words
    • Article
      Lock icon Russia claims it's not in default over US$362m payment
      224 10 MOSCOW Bloomberg RUSSIA is continuing its efforts to persuade commercial holders of its Soviet-era debt to accept restructuring terms for a debt payment it missed yesterday, while arguing it has enough support from creditors to avoid default. Russia's paying agent, Vnesheconombank,
      Bloomberg  -  224 words
    • Article
      Lock icon US key indicators rise 0.6% in largest gain in three years
      253 10 NEW YORK Bloomberg THE US index of leading economic indicators posted its largest gain in almost three years in November, suggesting the economy will be on a firm footing well into the new year. The Conference Board's index, intended
      Bloomberg  -  253 words
    • Article, Illustration
      Lock icon Towering balloons for a parade
      52 10 [LONDON] Final preparations under way as Betty Boop—one of eight giant balloons flown in from America for the annual London New Year's Day Parade —gets inflated at Tower Bridge on Tuesday. Some 80,000 spectators are expected to line the parade's 1.6 km route through central
      AFT  -  52 words
    • Article
      Lock icon Blair promises Britons a rosier year ahead
      175 10 LONDON AFP BRITISH Prime Minister Tony Blair yesterday promised better times around the corner in a New Year's message seeking to deflect attention from damaging rifts within his government. He insisted 1999 "will be the year of real delivery" on Labour's election promises,
      AFP  -  175 words
    • Article, Illustration
      Lock icon Hotels, restaurants set for busy weekend
      816 10  -  COUNTDOWN TO EURO From. Neil Behrmann NP in London ACROSS Europe, tens of thousands of bankers and foreign exchange traders have booked hotel rooms for the llth-hour behind-the-scenes preparations for the epochal birth of the euro on Jan 1. An estimated 30,000 workers are
      NP; REUTERS  -  816 words
    • Article
      Lock icon New currency seen gaining against US$, yen on Jan 4
      368 10 WELLINGTON By end of Ql, euro may be trading at U551.20,148 yen Bloomberg EUROPE'S single currency may rise against the US dollar and the yen when trade in the new currency starts with a the sun rising in New Zealand
      Bloomberg  -  368 words
    • Article
      Lock icon UK gilts top global bond market returns in 1998
      421 10 LONDON Reuters UK gilts were the star performers among world bond markets in 1998, when a turbulent global economy rewarded investors with dou-ble-digit returns across a broad range of countries. According to Salomon Smith Barney's global bond index, UK gilts yielded
      Reuters  -  421 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Year ends not with a bang but a whimper
      790 11  -  THE BOTTOM LOVE OPINION By Anthony Rowley The writer is BT's Tokyo correspondent AS 1998 drifts to its close, it seems clear that the 20th century and indeed the millennium, are destined to end on an ominous note. Apprehension is justified,
      790 words
    • Article
      IN OTHER WORDS
      124 11 There is a lack of leadership in the (Clinton) administration on this issue. How was the bombing related to a strategy for an overthrow of Saddam? And what is the administration doing to get us there? Nothing.' -a US congressional official on US policy towards Iraq. 'A
      124 words
    • Article
      The outlook for Singapore
      617 11 EDITORIAL ALL said and done, the Singapore economy has fared relatively well in what has been a difficult year —although the 30,000 or so people who lost their jobs this year would hardly be inclined to think so. Yet, has, in the circumstances and compared with
      617 words
    • Article, Illustration
      Lock icon American recession: still waiting for the inevitable
      908 11  -  Huge surge in stock prices and national shopping spree cannot go on forever By] Robert Samuuelson WashingtonPost Writers Group I SPENT most of 1998 being wrong at least about the United States economy. Everyone should hope that my record in 1999 proves equally
      WashingtonPost Writers Group; FILE PHOTO  -  908 words
    • Article
      Do Singapore policies support risk-taking culture?
      291 11  -  KfATT.mVg Sree Kumar Singapore via Internet TOH Han Shih's bottomline piece on entrepreneurs (BT, Dec 29) is timely. He is spot on when stating that it is a mistake to expect the production of entrepreneurs in a mechanistic fashion. It is also true that
      291 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      709 11 Uti« In— INDONESIANS today are like dying grass in a long season of drought, catching fire at the smallest of sparks, said a noted scholar recently. The veracity of this statement is, ironically, Seen all around us during this fasting month of Ramadan, t-ast week alone,
      709 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Hitting it right with Mary
      708 12  -  Hollywood's best returns this year are almost exclusively from youth-oriented escapist comedies, says patrzce ooldstexm PATRICK GOLDSTEIN LAT-WP IN Washington, it was a year when the world was riveted by a tasteless presidential scandal involving such how-low-can-you-go subject matter as oral sex, a semen-stained dress,
      LAT-WP  -  708 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
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      Page 12 Advertisements Column 2
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      124 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      810 12 CRYPTIC CROSSWORD 26 (4) 27 Highly amused at being sewn a fragrant flower (5,3) YESTERDAY'S SOLUTION up? (2,8) 9 Impure to kill it, perhaps? fclAlMlPlulsWElslTl i ImlaltJel DOWN There's no choice (4,2,2,4,2) pWlrii^B T W' 1 Alternative of better quality 15 Notes turmoil of postpone(6) ment < 9) 11 2
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  • COMPANIES & MARKETS
    • Article
      Singatronics gets nod to list unit on KL second board
      240 13 [SINGAPORE] Singatronics has obtained approval for the public listing of subsidiary Singatronics (Malaysia) on the second board of the Kuala Lumpur Stock Exchange. Singatronics yesterday said that approval was obtained from the Securities Commission, the Ministry of International Trade and
      240 words
    • Article
      Lock icon Tenaga to sell 5 more power stations
      299 13 Electricity firm seen raising RM4b from sale of power plants Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest electricity utility, is putting five more power stations on the block as it tries to raise cash and focus on power transmission and distribution. "Tenaga
      Bloomberg  -  299 words
    • Article
      Time for companies to raise dividend pay-outs
      599 13  -  HOCK LOCK SIEW Lee Han Shih STEPPING into 1999, listed companies in Singapore are confronted with an uncomfortable fact they can no longer ignore they will have to pay higher dividends if they want support from investors. Dividend has long been a non-is-sue,
      599 words
    • Article, Illustration
      Lock icon NOL sells Alexandra HQ in $ 185 m asset securitisation deal
      702 13  - NOL sells Alexandra HQ in 185 m asset securitisation deal Transaction is a first here, to be funded by 10-year bonds to be placed ont By i Conrad Raj [SINGAPORE] National shipping line Neptune Orient Lines (NOL) has sold its headquarters in Alexandra Road for $185 miUion under Singapore's first
      FILE PHOTO  -  702 words
    • Article
      Keppel starts unwinding cross-holdings
      192 13 [SINGAPORE] The Keppel group has started unwinding its cross-holdings with the sale of stakes in Keppel-UAE Investments Pte Ltd and Cathodic Protection Technology Holdings Pte Ltd. Keppel Corporation yesterday said that it and subsidiary Keppel Fels had sold their interests in Keppel-UAE to Keppel Marine Industries.
      192 words
    • Article
      Lock icon YTL to become largest owner of Taiping Con
      137 13 Bridge News [KUALA LUMPUR] Malaysia's YTL Corporation wiU emerge as the largest stakeholder in Taiping Consolidated following the latter's restructuring exercise, Taiping chairman Suleiman Abdul Manan said yesterday. As part of the exercise, Taiping Consolidated will sell two prime properties and a
      Bridge News  -  137 words
    • Article
      Lock icon Sembawang Shipyard in alliance with Shell
      131 13 Reuters [SINGAPORE] Singapore's Sembawang Shipyard Pte Ltd said yesterday it had signed an alliance agreement with tanker operator Shell International Trading and Shipping Company Ltd. Sembawang said the evergreen agreement committed the refitting and drydocking of SheU's fleet trading in Asia to Sembawang Shipyard
      Reuters  -  131 words
    • Article
      Lock icon CSC offers warrants to Citibank for $14m loan
      186 13 Bloomberg [SINGAPORE] CSC Holdings Ltd said it wiU give 10 miUion warrants to Citibank NA in Singapore as an incentive for a loan of $14 miUion from the bank. The warrants give Citibank the right to buy shares in CSC at 20
      Bloomberg  -  186 words
    • Article
      GRP directors to forgo fees for year ended June 30
      273 13 [SINGAPORE] The directors of GRP Ltd have volunteered to forgo their fees for the financial year ended June 30 in view of the company's current financial situation. With its executive and non-executive directors giving up their fees, GRP said the
      273 words
    • Article
      RHB keen to sell 20% stake in Bank Niaga
      445 13  -  BTTR chief in talk* with Indon bank's new shareholders From, Rath Wong in Kuala Lumpur FINANCIAL group Rashid Hussain Bhd (RHB) is keen to sell its 20 per cent stake in Indonesian commercial bank, PT Bank Niaga, RHB chairman Abdul Rashid
      445 words
    • COMPAMIES/FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Intel lowers prices as it plays catch-up
        675 14 Company to nnveil new products next week to regain ground lost to rivals Bloomberg [SANTA CLARA, California] Intel Corp, the world's largest chip-maker, cut prices on some of its Celeron microprocessors to less than US$lOO (Ssl6s), as it prepares to unveil new products
        Bloomberg; FILE PHOTO  -  675 words
      • Article
        Lock icon BAe, Dasa on brink of merger accord: paper
        283 14 Reuters [LONDONI British Aerospace and German defence giant Dasa have agreed on outline terms for a US$25 billion (Ss4l billion) merger and will make a preliminary announcement of intent next month, the Daily Telegraph said yesterday. The complex talks between Dasa (DaimlerChrysler
        Reuters  -  283 words
      • Article
        Lock icon Philippines gives HSBC universal bank status
        123 14 Reuters [MANILA] The Philippine central bank said yesterday it has approved an application by Hongkong and Shanghai Banking Corporation's Philippine branch to operate as a universal bank there. Universal banks are commercial banks allowed to engage in investment banking and non-allied undertakings. HSBC will
        Reuters  -  123 words
      • Article
        Lock icon Taiwan's Polaris may buy SHK Fund
        328 14 Bloomberg [TAlPEl] Taiwan's Polaris Securities Co, a securities broker and underwriter, is negotiating to buy some or all of Hongkong's Sun Hung Kai Fund Management Ltd. SHK and Polaris officials said they hoped to have a draft agreement in time for a Jan 6
        Bloomberg  -  328 words
      • Article
        Lock icon No plans to sell Belgacom: Belgian minister
        342 14 Di Rnpo disagrees with premier's stance on sale Reuters [BRUSSELS] Belgium's Economics and Deputy Prime Minister on Tuesday said he disagreed with Prime Minister Jean-Luc Dehaene that the government might sell its stake in national phone operator Belgacom. A foreign consortium including Singapore
        Reuters  -  342 words
      • Article, Illustration
        Lock icon Another year of trading ends
        30 14 [OSAKA] Osaka Stock Exchange officials and share traders raising their arms for Banzai cheers to mark this year'sfinal trading session at the exchange yesterday. REUTERS
        REUTERS  -  30 words
      • Article
        Lock icon GEC says it's eyeing four possible merger partners
        315 14 Reuters [NEW YORK] Britain's General Electric Co pic said on Tuesday it was looking at four possible merger partners, amid ongoing speculation the company was close to an agreement. GEC said Lockheed Martin Corp was in the running along with Northrop Grumman
        Reuters  -  315 words
      • Article
        Lock icon Nomura to axe 20% of staff in N America, Europe
        198 14 Reuters AFP (TOKYO) Nomura Securities, Japan's largest securities house, is to cut 650 employees, or about 20 per cent of its staff, in North America and Europe, the company said yesterday. The job losses were in line with the company's
        Reuters; AFP  -  198 words
      • Article
        Lock icon Pepsi gets nod to take 96.6% in Vietnam venture
        393 14 AFP [HANOI] US soft drink giant PepsiCo has received official Vietnamese permission to acquire a 96.6 per cent stake in a bottling joint venture in Ho Chi Minh City, its local partner said yesterday. The move makes Pepsi the latest US
        AFP  -  393 words
      • Article
        Lock icon Dai-Ichi Kangyo in talks to buy Daiwa Bank's Indon unit
        434 14 It also plans to dose 5 offices in EU, US as part of restructuring Bloomberg AFP [TOKYO] Dai-Ichi Kangyo Bank Ltd (DKB), Japan's third-largest lender, is in talks to buy a majority stake in the Indonesian banking unit of Daiwa
        Bloomberg; AFP  -  434 words
      • COMPANY Briefs
        • Article
          Excel net drops 43% to $4.3m
          77 14 [SINGAPORE] Excel Machine Tools yesterday repeated a 43 per cent drop in group net profit to $4.27 million for the proforma 12 months ended Sept 30. Turnover slipped a tad to $66.36 million. As the company has changed its financial year-end to Dec 31,
          77 words
        • Article
          Lock icon Jar-dine raises stake in BON to 18.23%
          97 14 Ruth Wong [KUALA LUMPUR] The Jardine group, which is the second largest shareholder in Malaysia's national car distributor Edaran Otomobil Nasional Bhd (EON), has upped its stake in the company by another two million shares. Jardine Strategic Malaysian Investments Pte Ltd said it
          Ruth Wong  -  97 words
        • Article
          Sing Tel bags IDD Hoenoe in HK
          74 14 [SINGAPORE] Singapore Telecom yesterday said it has secured an International Simple Resale (ISR) licence in Hongkong for HK$4lO.OOO (5587,700). The licence allows Sing Tel to use the access code 1500 to provide commercial FDD services In Hongkong once such services take off by
          74 words
        • Article
          Sing Investments on 1998 warrants
          51 14 [SINGAPORE] Sing Investments Finance Limited has said that about 10.74 million of its 1996 warrants remained unexercised after the warrant's expiry date of Dec 29. The issued share capital of SIF as at Dec 29 was $50.04 million comprising 50.04 million ordinary shares of $1
          51 words
        • Article
          Inno-Pac offloads loss-making units
          54 14 [SINGAPORE] Inno-Pacific Holdings and its subsidiary Poon Guan Private Limited have divested their lossmaking subsidiaries, Tianjin Investments and Hartie Foods International, at a nominal consideration of $1 each to an unrelated party. The disposal, which will be completed by today, has no financial impact on the
          54 words
    • FINANCE & COMMODITIES
      • Article
        Profit-taking after strong opening
        203 15  -  SOSEXHeporLs MSCI Singapore Index Neil Salter, Jardine Fleming THE last trading day for the December MSCI Singapore contract saw a strong opening price of 214.3 render the impression that perhaps this time any gains achieved in the early session could be maintained over the whole day.
        203 words
      • Article
        Futures dip despite buying by govt-led fund
        178 15  -  MSCI Taiwan fatores Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures ended on a negative note yesterday despite buying by a govern-ment-led fund. The December 98 contract closed 3.1 points lower on this last trading day of the year. The
        178 words
      • Article
        Lock icon Oil sags on glut despite Iraq clash
        337 15 ENERGY REPORT Reuters [LONDON] Oil prices sagged under the weight of global oversupply yesterday despite a fresh clash between producer Iraq and US and British warplanes. Benchmark Brent crude for February delivery was trading 17 cents down at U5510.44 a barrel at 1325
        Reuters  -  337 words
      • Article
        Lock icon CURRENCY REPORT
        323 15 Blòmberg Bloomberg London THE dollar fell against the yen in quiet afternoon trade, breaching the 115 yen level, as it triggered some stop loss orders on the way. Dealers said talk of a Japanese buyer at 115 yen had helped keep the dollar afloat yesterday morning, before a
        Blòmberg; Bloomberg  -  323 words
      • Article, Illustration
        Untitled
        1222 15 DITERRAME CROSS RATES Pec30 6$ CS CCU Fir 9m m Yon WW tM MONfct» fm s$ *mt sir HT$ M* P—d Australia 0.949 6.778 0.521 3.431 1023 4741 26.027 49.113 0.705 7.347 1326 1*7 312S5 23.929 L«5 3.602 0.S35 19.719 22.430 0365 0312 Canada 1053 5351 0349 3.6W 1078 4.995
        1,222 words
      • Article
        Untitled
        1729 15 S1C0M FUTURES Dec 30 RUiBCR (fatam ch»ip« «s it SJOpa) KS1COrr*ACT(5c«tsA<|) CtOM VolMM OpOft Month HMI Low Sott (towm) Ifrwt Jan 99 »4.00 1 Feb 99 105.00 1175 Mar 99 107.50 107.50 107JO 100 t275 Apr/Jon 99 112.00 2250 Jul/Sep 99 16-50 300 Orfftec 99 120.00 75 RSS 3 CONTRACT
        1,729 words
    • Article, Illustration
      Lock icon HONGKONG
      1322 16 Reuters D Hang Seng -***** STOCKS closed easier yesterday but were off their lows in quiet trading as the market lacked impetus ahead of the New Year holiday, brokers said. The Hang Seng Index ended down 104.53 points, or 1.02 per cent, at 10,121.44. The value of turnover amounted
      Reuters  -  1,322 words
    • Article, Illustration
      Lock icon CHINA
      523 16 Reuters n Shenzhen B Index -MU6 SHENZHEN'S hard currency B shares ended stronger yesterday on modest demand from domestic individual investors, analysts said. The B Share Index gained 0.16 of a point to 52.83 on turnover of HK$5.3 million. "Buying chiefly came from local retail investors because foreign interest
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  523 words
    • Article
      Lock icon TAIPEI
      331 16 AFP QWP Index -1«34 TAIWAN share prices fell for the third consecutive day, moving down 0.3 per cent yesterday as late selling wiped out early gains despite government support, analysts said. "Selling pressure overwhelmed buying by the gov-ernment-linked funds due to lack of confidence," said Samson Chueh, president of
      AFP  -  331 words
    • Article
      WORLD STOCK MARKETS
      2214 16 london mmmmmm MrtMi Dec 30 *h 31 Group 580.000 -4.000 AB Ports 281.500 0.500 Abtoy National 1287.000 -12.000 Allied Oomecq 554.500 -2.000 ARM Zurich 89.650 -1.250 Amtc 17 ft. 000 uncft Aid* Group 161-250 -2.000 BAT Ind 528.500 -25.500 BG Pie 379.250 -10.250 BICC 70.500 5.500 BOO
      2,214 words
    • Article
      Lock icon TOKYO
      1572 16 AFP Nftka22s -4.73 JAPANESE share prices closed barely lower yesterday, pressured by a drop in government bond prices and profit-taking, as thousands of brokers applauded the final trading day of the year. The key Nikkei 225 Index eased 4.73 points to end at 13,842.17 after a half-day final session
      AFP  -  1,572 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares up, helped by late window-dressing
        335 17 AFP f% Composite Index *&33 MALAYSIAN share prices ended 1.5 per cent higher yesterday boosted by local institutional buying and late year-end window-dressing activities, dealers said. The Composite Index rose 8.33 points to finish at 574.56 points, but off an earlier high 0f577.19. The
        AFP  -  335 words
      • Article
        Untitled
        8086 17 MMSTItALS CMMtMT pnAlCt! MM Lut V<x Day M«« Cap Law Clip any m •OOP HM» Lew Pft $a»6 320 170 Ajlnomoto 280 15.4 "3 5 MB 35 Anqkasa 82 1 29 83 79 120.9 310 123 AcoSoFoodHto 285 unch 1 285 285 9.9 114.0 368 >06 BerieyeLand- 188 2 69
        8,086 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2058 18 BONOS. LOANS ft VARIANTS wt t99S Lest Vol Day Last Quote A»g High Low Strvo C»m»My Sato COOO) High Low Buyer Seller Price 20,5 3 3160 "Acer ******1USS 12.5 »0.5 272 13 12 12 12.5 95 4.5 3164 Acme ******4 16 »O.S 130 16 15.5 16 16.5 15 3161 AIITech
        2,058 words
      • Article
        Keppel Land wrt is worth a look
        215 18  -  WARRANT WATCH By Wong Wei Kong THE Keppel Land Wl2-00 warrant closed up $0,035 at $0,445 yesterday on a volume of 3.58 million units. The warrant has an attractive gearing of just over four times, but its premium is not so appealing at
        215 words
      • Article
        CLOB INTERNATIONAL
        238 18 HONGKONG STOCKS Or Gr ,998 Last Vol Day Last OuoU D»v Wv Y* Nat M Cap HtqH Low stop Com—ny S— COOP) Hl» Low Buyer S—or CV H P/C »mll 400 250 5123 CDL(2000)HK 400 400 8 2.4 2 20.5 7744.7 5124 Cattvay Pec 20c HK...720 265 2.1
        238 words
      • Article, Illustration
        Lock icon JAKARTA
        691 18 AFP Q Composite Index +L3I INDONESIAN shares yesterday closed 0.3 per cent higher on year-end window-dress-ing, dealers said. But an institutional dealer at a regional brokerage said the stock market failed to take advantage of the win-dow-dressing activity mostly due to foreign selling in big caps. "We saw some
        AFP  -  691 words
      • Article, Illustration
        Lock icon BANGKOK
        720 18 AFP Q SET Index +4.00 THAI share prices closed 1.1 per cent higher on the last trading day of the year yesterday amid late bargain-hunt-ing in banks and finances and year-end window-dressing, analysts said. The SET Index rose 4.0 points to 355.81. The baht currency traded at 36.60-65 to
        AFP  -  720 words
      • Article
        Lock icon SYDNEY
        594 18 AFP Q All Ordinaries +15.8 SHARE prices closed up 0.6 per cent yesterday following gains on Wall Street with trading continuing to be thin ahead of the New Year, brokers said. The All Ordinaries Index closed up 15.8 points at 2,784.2. The All Industrials Index closed up 29 points
        AFP  -  594 words
      • Article
        Lock icon WELLINGTON
        254 18 AFP flWellington -SJI TELECOM Corp dragged New Zealand's share market into negative territory late in a day of lacklustre trading. The NZSE-40 Capital Index ended down 5.11 points at 2,105.23 on turnover of NZ549.2 million. Telecom finished down 10 cents at NZ$B.4B. AFP D*< 30 MS < 000) ANZ
        AFP  -  254 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5732 19 Transaction date: Drc 30 Cr Or M m I9M Laat Vol Day Last Ovate Ov Ok TM Ml Cap A»g Mini far Mm dm*—* I* *h fOMO> Hmi lw 8nyar Cw Pit W Wo 142 17.5 in t KJOOAcmaSOc 73 *2-5 425 73 17.5
      5,732 words
    • Article
      SESDAQ
      1102 19 Or Or M Wt UN Last Val Day Lat Owrt. W» Dhr YM Nat C«a Art Hgl L— Mm CT 8*a fOOOt H» U» !»>■ Car W >— Ww MANUf ACTixttM v< r r 243 30 a 2049 'ASAutalOc 89 »5 5 1500 89 84.5 88.5 89 15 N
      1,102 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        380 20 MidB ttto— KepTatlee Bk DBS WOO 7.744.000 BriMiant8c 6.688,000 LungKeeHKlOO 5.120.000 MS Land 5,031.000 STEnqqIOc 4,734,000 SM Summit 10c 4,507,000 SembCorpI 25c 4,118,000 KepTatLee Bank WOO 4,001,000 MMI Hldgs 10c 3.873.000 TAC BtIO 200 3.697,200 Stodu OSS Land 12.257,550 0C8C Foreign 8,038,215 SembCorpi 25c 7,790,270 STEnggtOc 7,363,096 DBS Foreign 7,310,459
        380 words
      • Article, Illustration
        Window-dressing, retail interest liven up market
        653 20  -  STOCK MARKET COMMENTARY Rise underpinned by Dow's strong overnight showing STI may regain grip on 1,400 level at year's last trading session today By Wong Wei Kong [SINGAPORE] Local shares rose yesterday as light window-dressing by funds and retail interest livened up the market
        653 words
      • ON THE GRAPEVINE
        • Article
          Cheering the needy
          120 20 HERE'S a nice way to help those who are less fortunate at this time of the year. Besides those who now send us e-mail greetings, we've also noticed a number who've decided to donate their usual budget for season's greetings to charity instead. Legal firm Wong Partnership,
          120 words
        • Article
          OCBC *read map'ready
          118 20 OCBC Bank will finally distribute its "street directory" on the future direction it is taking next Wednesday. All staff have been told to meet at Suntec City for a briefing by its top management including possibly new chief executive Alex Au, the chief architect of its "road
          118 words
        • Article
          Another bank marriage in heaven?
          115 20 OK, we know we could be stretching it a bit here. Remember our story earlier this year about the "pre-ordained marriage" between DBS Bank and POSBank? The logo for POSBank actually spells DBS when turned upside down. Now our Hongkong correspondent swears that DBS' takeover
          115 words
        • Article
          Crisis leads to TV
          128 20 THE Asian crisis has changed the media scene in Indonesian. According to a survey conducted in several Indonesia cities, 80 per cent of people watch TV every day, up from 72 per cent last year. By contrast, radio, newspapers and magazines have seen declining audiences during
          128 words
      • Article, Illustration
        HOT STOCK
        67 20  -  -by Wong Wei Kong MMI Holdings shares closed up $0.10 at $1.04 yesterday on a volume of 3.87 million shares, compared with its 10-day traded average of 1.79 million units. The daily and weekly RSI and Stochastics suggest that the stock is in overbought territory, with upside in
        67 words
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      89 words
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      14 16 sv7r.~»~.t.ilf! tavasaryr-taaraar^.^.jwjy-—~#_ss~Srr..-J a fall guy? (j^|k SSSKIIB Wednesdays by Yang Razali Kassim ggjgjgggJJJJJJJgJgJJJ, TheßusinessTimes
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      28 18 ThkßusinkssTimes I BUSINESS IT Asia-Pac server Singapore aims tn MODdftVS TheßusinessTimes Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. j
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      22 18 i i» V I own an education institution. The Straits Times Classified ismy course to success. 1800-737-1166 Gill Today For Results Tomorrow.
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      2459 20 BUSINESS Vat ices To advertise call toll-free ISOO-741 ISX3 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF WALSIN TECHNOLOGY CORPORATION SINGAPORE PTE LTD ON LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of Holding Company
      2,459 words
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      Page 20 Advertisements Column 2
      423 20 KENGSON HOLDINGS PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of Companies Act. (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co.. 1 Coleman Street #06-10,
      423 words
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      Page 20 Advertisements Column 3
      568 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 5* AND IN THE MATTER OF RFNC. CHEONC. ENTERPRISES (PRIVATE) LIMITED (la Muiten' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havelock Road. #07-07 Apollo Centre. Singapore *****1. or the 30tti day of
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      319 21 Bridge News Reuters TRADING as expected was still very sluggish with most not anticipating market activity to return to "normal" until next week. Most of the reports focused on ships fixed prior to the Christmas break. Activity was slow on freight futures market with only 14 lots traded,
      Bridge News; Reuters  -  319 words
    • Article
      MARITIME STOCKS
      280 21 mm nHBHRHHHHHHBBHHMHi mm w CWT Distribution 0X0 *0.01 40 ChurnHMP 0.54 *0.01 70 Coeco Investment 0.53 *0.03 22 PraWttLMis 0.17 uncft 1630 OtHoMnq* 0.39 *002 27 Hal Sun Hup 0.425 *0.005 156 Hitachi Zosen 0.735 *0.005 95 fMCHoMngt HK 5.60 JayaHoMnqs 0.515 -0.005 12 Jurona SMpyard 7.15 -020
      280 words
    • Article
      Lloyd Triestino drops Europe-Aussie service
      406 21  -  Italian-based line will serve trade using separate services tabbing in Singapore By Marcus Hand [SINGAPORE] Italian-based shipping line Lloyd Triestino is pulling out of a direct Eu-rope-Australia service with P&O Nedlloyd and will now serve the trade with separate services hubbing in Singapore. In a
      406 words
    • Article, Illustration
      Helping to make Straits of Malacca safe
      87 21 [SINGAPORE] One of two SBS double decker buses (above) decked out with advertisements by the Nippon Foundation to publicise its support for maritime safety in the Straits of Malacca. The Nippon Foundation has supported projects in the Straits of Malacca for 30 years,
      87 words
    • Article
      Shipbuilding to remain buyer's market for some time to come
      752 21  -  NEWBUILDS 1 By David Hughes THERE have been very few new orders in recent weeks, as the accompanying table testifies. The two contracts that have been reported, however, are highvalue ones. At a time of fierce competition on the shipbuilding
      752 words
    • Article, Illustration
      Lock icon Tianjin surpasses volume target
      159 21 Xinhua [TIANJIN] Tianjin, the leading port city in north China, handled 1.08 million 20-ft equivalent units (TEUs) during 1998 and reached its annual target four days ahead of schedule, according to a port official. The harbour's total han- dling volume hit 67.48 million tons, with the
      Xinhua; FILE PHOTO  -  159 words
    • Article
      Crew of missing cargo ship may have been murdered
      383 21  -  Vessel, missing for 3 months, found this week in China port under another name By] Marcus Hand [SINGAPORE] Fears are growing that the 15-man crew of Panamanian-flagged, general cargo vessel, Tenyu, which went missing in the Malacca Straits three months ago,
      383 words
    • Article, Illustration
      Lock icon Ruling starts to bug US ports
      1142 22 RULE ON SHIPMENTS FROM CHINA AMD HK Worry over readiness for arrival of first cargoes that must be verified to have been treated against beetle Journal of Commerce [LOS ANGELES] THE first shipments from China and Hongkong that must be accompanied by documentation verifying
      Journal of Commerce; FILE PHOTO  -  1,142 words
    • Article
      SHIPPING SCHEDULES INDEX
      221 22 PAGE ECU Line 6 ACL 6 ECI 5 ANL J Evergreen 6 8 Accord S FoongSun 8 Ap pen ship 5 6 LiiA 4 Austral 8 Gemartrans 8 Baiaji Shpg 4 HaiSunHup 8 BSA 7 T B tang Mas 8 Han i m 3 CCNI 7 Heung-A
      221 words
    • Article
      Shipping Guide
      17115 29 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartfsar Vassal Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona SIN Dasfn Nmn Nama Numfcar NumUar SIN Dast'n Nama Nama NumOar Numbar a/01 06/02 CSAV ISE 017S aznsni To ABU DHABI (AUH) 2004 U. A. Emirates 13/01 0e/02 Norsui ise oits 45-*****/7 09/01
      17,115 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        818 33 Vessel Voy No Berth Arrival Departure AdhKjuru J1 I296J XiW 'j« along* <» 01.13/1500 Unit 24 JOT atongi.il. 3112/1500 M i»stari I *****8 J01 aiongsKl* 3112/0*00 K Sur h *****6 JOl atongsK* 3112/0400 Cosntar 12/9$ J17 awngw* 04.13/1500 Mm Proimim 0I396P J13 alongsM)* 01.13/1700 Hosoi 1 1 J23
        818 words
      • Article
        CONTAINER SCHEDULES
        1884 33 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Mi IMgnoM 0051 02/1500 1* 30/800 30/1659 30/800 m 30/1500 30/1659 30/1900 U 10/1700 31/065? WOW 28 30/1700 31/0659 3V0900 J 31/0700 31/1159 31/1400 4 31/1200 31/1459 31/1700 Anjn Mium
        1,884 words
      • Article
        GLOBAL HOLIDAYS
        249 33 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. Jul Australia: New Year' 9 Day. Austria: New Year's Day. Belgium: New Year's Day. Brunei: New Year's Day. Canada: New Year's Day. China: New
        249 words
      • Article
        COCKETT BUNKER MARKET REPORT
        846 33 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
        846 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        491 33 Carbon 180 Mai 991.0 3.9 15.4 0.15 78 0.07 Own Density W«t»r Rtiidu* Ask Ahimtatam S*dim»nt No above £25 0 1 1 1 0 0 rTTT 380 Aw 988.1 0J 14.5 0.07 31 0.02 Eiioa 380 Mai 994.2 1.0 19.6 0.11 61 0.06 HW>T3 »M/M »m/m
        491 words
    • AIR LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon US urged to deny foreign carriers airport slots
        338 34 American, Delta airlines say they have not been given reciprocal access for new services Reuters [WASHINGTON] Delta Airlines and American Airlines have urged the US government to block requests from foreign airlines to operate services to Chicago, saying that they had been
        Reuters; FILE PHOTO  -  338 words
      • Article, Illustration
        Lock icon Daimler Chrysler's environmentally friendly car
        64 34 [LOS ANGELES] DaimlerChrysler displays its latest concept vehicle, the Jeep Commander, at Paramount Studios. The Commander will be a sophisticated, upscale sport-utility vehicle that will use a 'tread lightly' approach on the environment. The Commander, for now, runs only on electricity but engineers hope to
        REUTERS  -  64 words
      • Article
        Lock icon Northwest Continental begin linking Asian routes
        188 34 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp and Continental Airlines Inc, the fourth and fifth largest US airlines, began sharing passengers on Asian flights in an alliance that links routes to boost profits. The two airlines started selling seats on Tuesday on each other's
        Bloomberg  -  188 words
      • Article
        Lock icon Manila approves 95b peso multi-modal transport system
        279 34 Bernama [MANILA] The Philippines has given the partner of a Ma-laysian-led consortium the green light to build a 95-bil-lion peso (MJ4.I billion) mul-ti-modal transport system south of Manila. The approval by the Board of Investments (BOI) was extended to PRB Land Development Corp,
        Bernama  -  279 words
      • Article
        Former Ansett flight attendant sues airline
        373 34  -  From Surinder Singh in Sydney A FORMER Ansett Airlines flight attendant is suing the airline and her case has attracted the attention of many airlines all over the world. Alyssia Chew has alleged that fumes leaking into the air-conditioning system on the airline's "Whisper
        373 words
      • Article, Illustration
        Lock icon Daewoo plans more US dealerships
        253 34 Bloomberg [LOS ANGELES] Daewoo Motor Co, South Korea's No 2 car maker, said it sold just 2,400 cars in its first four months in the US and will open 85 new dealerships and advertise more next year in an attempt to crack the market. Daewoo,
        Bloomberg; FILE PHOTO  -  253 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1806 34 OTY fUOHT ETA FU6HT CTD $***** 2359 MUM BA7301 MM BA7382 2050 FHwto $0989 17B $0990 0130 0f81 1930 Of82 2050 GMxqzhouPtC S0803 1915 CZ352 0835 *N8229 2230 C2353 2035 $0004 WB HmoJ V*741 1310 V*740 1410 VW743 1925 Amsterdam $023 0645 0*972 0040 tutTtl T6407
        1,806 words
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      30 21 Ruling on shipments from China starts to bog US ports Worry over readiness for arrival of first cargoes that must be verified to have been treated against beetle. Page 2
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      Page 21 Advertisements Column 2
      129 21 US urged to deny foreign carriers airport slots American, Delta airlines say they have not been given reciprocal access for new services. Back Page Advertising in Turbulent Times Are you qetting the REACH,, as promised? SHIPPING TIMES GUARANTEES "48,000 daily circulation! In Singapore, when you want to reach out to
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      793 22 IMPORT I I 1 NORTH AMERtCA 1 QVLF/INDIAN SUB-CONTINENT |SUPER SHUTTLE EXPREBS I [QULF KARACHI EXPRESS (QKX) Vtsstl VOYAGE LGO ~ST~ VESSEL VOT JEA DOW MM OMO I RAR COt PKG SIN OOCI AMERICA 30W540 02/12 20/12 PtO MDUOYD MM mP 01/11 04/12 04/12 04/11 11/11 li/IJ 10/11 20/12 OOCI
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      Page 22 Advertisements Column 2
      609 22 1 NEW SERVICE [F to Maldives N >lazaki Shipping Page 3 I EXPORT 3 x Japan -2 x Hongkong -1 x Manila •1 x KaosMung, Koeking (Accepting Fa to BKK/NAHA/SENDAI/CEBU/LCH) v6r wa jkt pou rhfi'lm osa hko iqh. khh tyo tok ma woo u ta kagmoua oosi oui jyi oto]
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      Page 22 Advertisements Column 3
      131 22 I-HCOM-I by Members ot the Registry o» r« Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shippng Associator CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE PrlßWisUh V 0199 14/01/99 15/01/99 24/01/99 Prinofss Lily V 0299 04/02 "99 O&H2/99 14/02/99 LILY MARINE SERVICES SINGAPORE Phone 354
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      903 23 SAX SERVICE (DIRECT) _J vesa VOY SMEU LAX OAK Ml HOU <H (01 MEM All NYC API JAPE OQBE 06/01 21/01 26/01 26/01 26/01 21/01 27/01 27/01 2S/01 28/01 AftGAMT OOS 13/01 28/01 02/02 02/02 03/02 02/02 03/02 03/02 04/02 04/02 «nsne. ooai 20/01 04/02 09/02 09/02 10/02 09/02 10/02
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      Page 23 Advertisements Column 2
      1824 23 HANJIN SHIPPING HANJIN SHIPfING (S) fit ITO hfl» //W la*r (am MOKINC *****35W SMB. 32*02?* 231 DOCUNWT *****71 274 OfHttlWIS 3M0741 15: NAMUi *****55 FAX *****40 dl» **********0N I TO NW USA CANADA I USA CAWADA> FM VU/VOY liS SM LM HAUL/VOY SU TIW KN POX Oi MSP HT DTT
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      240 23 KMTC provides LCL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 271 2325 m 271 zm liinouimj. tuui uaoiu.ingimMi] mn-tnn i Mn M h. Hi N»: IMWVMMM Nrt Om, (U> M-*****N <*.) OMS4SJ4I (ST. UXUSIU (to TOMUttUI fiMJJ^MTfI TS# f—, WM-IMMM WM-MMW
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      1290 24 DSR-SENATOR LINES I TO UK/CONTINENT TO MEDI'i'EKRANEAN/CANADA VETO. VOT 7T LfH IW Hi Ml Ml M «SS£l VOT gg PIT SP€ H» VLC WTB HMMKE&UNB WQOOI 11.12 M#l H H 07.01 OB 01 IMI CHOYAMG PHOfMX *MOOl 1111 Mil Mil OB 01 10 01 1711 PUNJAB SENATOR WN9C2 2212 Mil
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      Page 24 Advertisements Column 2
      1014 24 am MAfi-HELS S'PORE M'SIA I Carrlar: MM CONTB LINES. INC P. GUDANG: (07) *****26 g K-/\- I on MO. IWW7WOOM SOU: (084)*****9 MANILA: (632)*****24 W V PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKT (21)*****07 MON: (61)*****3 KUCHINQ (062) *****1-3 BARCELONA ETA SIN MV "NORASIA
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      Page 24 Advertisements Column 3
      677 24 LINE r SS t TIL: *****54 FAX: >*****3 i MUARA LABUAN YESSfi VOT ETD ETA VESSEL VOT ETD HA STORE MUARA SPOtE UN STRAfTS HOfE V 341/* M/ 01 OS/01 STRAITS HOPE V341/W 01/01 06/01 CAKAKA JNN-32 VOIE/99 07/01 10/01 CARAXA JM-tt VOIE/99 07/01 11/01 STRAITS HOPE VOIE/W 13/01 U/01
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      1130 25 VESSEL VQY SIN SIP PKO PEW PQB DUB SHJ BA BIK IRAN TAKHTI PJLI324 07/01 16/01 18/01 I™ 01 J?° /01 IRAN TABATABAEI TBA 28/01 04/02 03/02 08/02 08/02 PQB= Mint Oaboos. OUB Dubai. SHJ Sharjah. BA Bandar Abbas. BIK Bandar Imam Khomeini ACCEPTING CONTAJNER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN
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      Page 25 Advertisements Column 2
      1159 25 SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (1/1) 4205*02 OfFKE; COSTAR SHIPPING PTE LTD •IZ-OSDISIIDG SALIS/IKGS *****57/60 INWARD DIPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0* TOWER TWO (*****9) CONVINTIONAI *****50/SS T/SHPi»T DIPT *****25 TEL 02-07-35 ***** FAX: 02-07-*****70 COSCO would like
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      Page 25 Advertisements Column 3
      608 25 |-,4r—, EASTERN CAR UNER, LTD. ''sksT Ea (SINGAPORE) PTE LTD JSnmam SPtdAiiZE IN ROUP HEAVY UFT UPTO 450 TONS ECI (SIM6APORE) PTE LTD LOAD NG FOR MADRAS/CHITTAGONG/HALDIA PORT KLANG/COLOMBO MV "CORAL HERO" VOY. 14 MV "TAISHUN" V. 33 ETA SIN 01/01/99 ETA MAD 08/01/99 ETA SIN 03/01/99 ETA Ha 04/01/99
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      1346 26 EUROPtAJK/SCANDIMAWA/FINLANO/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E DIAMOMO RW-003 10/01 79/01 03/02 30/01 01/02 02/02 03/02 E. ROYAL RE-040 1M! 12/12 11/12 IM2 15/12 67*1 08*1 E. DELUXE RW-066 17/01 05/02 06/02 00/02 00/02 10/02 E. RACER RE-017 17/12 11/12 11/12
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      Page 26 Advertisements Column 2
      1090 26 ADVANCE CONTAINER LINES (PTE) LTD A O I 140 Cadi Street. #12-00, PtL Building. Singapore *****0 L TEL: *****21, FAX *****19, TELEX RS ***** ACLPL 'S CR NO. **********0E OPERATIONS: *****6 <y *****06 BANGKOK F JAKARTA (WMUy 5 Sl|t PAT/7 Sl|t ICH/1 Sl| MIT) (8 HHlaf»/Wt*o "vissa Tvw SJN BKK
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      Page 26 Advertisements Column 3
      594 26 NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESSEI VOT SW PUI m JW» (PT K» NANttIVEHUS TO3IS 03/01 11/81 IS/PI 11/D1 Ml 23/01 GOUXIMAGOW TOOK 11/01 20/0) 24/01 "g/oT 21/81 mm rtiwoss vo?is u/oi 02/0? os/w os/o? HAMUI QUEEN VQ37S H/01 04/02 01/02 11/W 12/W IS/W mmiotosow v.ons
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      484 27 BSA 11 taat MYANMA pBBk FIVE STAR LINE (Myanmar National Ur«) Loading for Yongon (Rangoon) vessel vor sw pki pin pgu HTTWI 83W SID DAWtI 2W 5U> MALAYSIA AGENTS: KXJSTIAO SHIPPING AGENCIES KUL TU (03)*****00 PKI: Til (03)*****01 PIN; TO (04) 2****** POt Til (07)*****21/4 tgA BANK LINE (A service
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      Page 27 Advertisements Column 2
      1670 27 HMNE- I HYUNDA^MERCHANIJWARJNECO^TD^^^^^ |vkw vor liT* soul ia|RTM| ant ham I«v fs~| Ivcsa vorl sou ta rtml ant I ham Imvl Fa sm HYADMMAL 317W 31/12 1«/01 23/01 20/01 21/01 HYIARON 3161 07/11 11/11 09/12 10/12 NOICORAL 005W 01/01 23/01 22/01 17/01 U/01 HYIMPOOR 3151 09/12 16/12 12/12 15/12 02/01
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      Page 27 Advertisements Column 3
      1003 27 it > norwagian spec ahzed oukxomers Qo)3(o](3 TO MOUTH Am'uTUl AMWia L,IIeS *«<»0 HEAVYUFT SIWKt' fVESSft VOT RAMP HEIGHT SIN LAX CRi HUA SAV OAL ORF NYC WW MX TAMPA F902 4001 ms TH IW 09/02 To7<>2 21/02 23/02 25/02 26/02 27/02 04/03 07/03 TALAIOT F903 400 Tarn 6.3 M
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      747 28 BANGKOK/ MAP TA PHUT/ LAEM CHABANO J AK AWT A/PAW J A WO VESSEL VQY I SIN I BKK MTP LCtT" VESSEL VOY SIN JKT PJN~ XETHA BHUM 28SN In Pt 03/01 OURU BHUM 110 SB In Pt 03/01 MATHU BHUM 39CN 02/01 08/01 05/01 DEJA BHUM 78QS 02/01 06/01
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      Page 28 Advertisements Column 2
      467 28 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SEMhCOWTAINERiSED SERVICE vst vot rTrott I ro*i»/» Dm rwwG wmiw Aimwir vissii I »y>i I ti/n i>/>i own n/n TO AUSTRALIA FULL COKT/UNER SERVICE Ivorlwc aw HI I IWI I STD IMR IHM Ml fit, CAAM6AM lAT 14S 11/HM/6I H/OI IS/01 11/>l il/tl
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      Page 28 Advertisements Column 3
      960 28 I VESSELS I VOY I SIN I PKI I MLA LBH RTM HAM ZEE SOT VK-LE DC ANTARES L2BW 06/01 08/01 18/01 25/01 2&PI 27/01 28/01 s*ol VILE DC VIRGO S29W 12/01 13/01 25AM 01/02 08/ OB 03/02 OMB OMB VILLE DE VELA N29W 19A)1 20/01 01/02 06/02 08/02 iSS
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      44 29 DIRECT SERVICE t [M to INDONESIA PT. Pelayaran Meratus HUALf Check It Out Pa 8 e 6 On Page 13 2 —m. Service To Slranghay Dn ?F T SERWIc Wg 'f to Calcutta Wan Hai Ljktes Qtw shipping'/ i Page 5 Page 12 (Mon/Wed/Fri)
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      48 31 Dial 740-6000 Oil Q€lTl3nd —(Retrieve more schedules!) Press "1" jpv Select the port and key in STBCj the four digit code eg: To New York (NYQ 2275 srf) Key in your fax number your phone number Another innovative service offered by The document will be I shipping times
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      145 32 FREE Reader Enquiry Service g-c cut out and Fax to 65-*****29 vKn Hirl Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a
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  • Page 33 Miscellaneous
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      Page 33 Miscellaneous Column 1
      137 33 T* :->)(■) M v tf :T7TI^^MI I LEGEND: R Thunderstorm Temp«roti*e *q >^\ y Shower Weather Wind (Erection with speed in knots Rom V.^/ Cloudy Sky Wov h «'9 h W n^f r ,n^'co orrows which fly with the wind \l) O"* ,u# circle represents calm or light and variable
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      Page 34 Advertisements Column 1
      140 34 A neuus travels fast l\ Sl\( iAI'ORC. when you want to reach out to a select target audience in the transport and logistics industry, only one daily oilers you the advantage ot maximum reach at minimum cost. And that's Shipping Times. Shipping I'imes brings you not only the daily news
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