The Business Times, 4 February 1999

Total Pages: 38
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 046/l'^9B 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, FEBRUARY 4, 1999
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  • 62 1 □sn U66.79 (-19.80) BT-SBI 56L89 (-11.16) SMSCI FUTURES ***** (-5.18) dmnrMOD: "■Mixed STOCK MARKET INDICES Wednesday Change KLSECOMP 568.84 -10.71 NIKKEI 14,161.31 -***** HANG SENG 9,419.86 -8187 SET INDEX 33&20 -901 JAKARTA OOMP 41(166 +6.40 MANILA COMP _1.007.38 +3109 TAIPEI WPI 6,743.86 -6.78 SEOULOOMP 553.33 13.96 CLSA CHINA
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  • 86 1 FOREX KATES uss s$ US$ 1.689 £(US$/S$ per 1.636 2.760 EL'RO(IJS$/S$ perE) 1.133 1.914 DM 1.726 9.979 YEN 1114 1-502* KM 3.800 0.444 HKS 7.749 0218 BAHT 36.71 0.046 RLPIAH 8£26 0.020 •St to 100 unto PUKE KATES SINGAPORE* 591 KUALA LUMPUR 11.50 JAKARTA J_ .28 00 BANGKOK 14.75
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  • 891 1  -  NFS also sees 10% decline in '99 compared to govt's 1% growth forecast Frotn, Harish Mehta in Bangkok NATIONAL Finance and Securities (NFS), a major finance and brokerage house, has forecast that the Thai economy contracted by an alarming 15.4 per cent
    891 words
  • 524 1  -  Stock closes 9.4% lower; 25m shares change hands By' Yen Sreenivasan [SINGAPORE] Investors yesterday voted with their feet on the announcement by SembCorp Industries that it would write down its assets by $420 million or 30 cents a share. The stock fell to a low of
    524 words
  • Article, Illustration
    77 1 [WASHINGTON] Monica Lewinsky told prosecutors and White House lawyers during her videotaped deposition on Tuesday that she still had "mixed feelings "about US President Bill Clinton, a senator said yesterday. "That expression was used by Miss Lewinsky, "Republican Senator Larry Craig of Idaho told ABC's "Good Morning America
    AFP  -  77 words
  • 305 1  -  Distributors stocking up for millennium bash By Clarissa Tan [SINGAPORE] While businesses are busy fixing the Y2K bug, and New Age naysayers predict gloom and doom, champagne distributors here are doubling their stock of bubbly in preparation for the big millennium bash. "The interest here
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  • 455 1 Govt backs Bank of PanHsin and says HP has no business ties with the bank AFP Reuters Bloomberg [TAIPEI] Hundreds of panicky depositors swamped a Taiwan bank for the second day yesterday after revelations of financial troubles at its parent company
    AFP; Reuters; Bloomberg  -  455 words
  • Page 1 Advertisements
    • 158 1 prams OOB3MO Overseas Union Bank is targeting a return on capital of 10% as it refocuses its thrust into consumer banking with the unveiling of its multi-million dollar OUB2OOO programme to celebrate its 50th anniversary, P| 15 Hmto-iip A possible relaxation of Housing and Development Board rules, which currently disallow
      158 words
    • 76 1 Asia needs radical moves, new lines of funding, Pg 5 Hotspot for piracy Indonesia remained the hotspot for piracy with nearly one-third of all attacks against shipping worldwide last year taking place in its waters, says the International Maritime Bureau. Full report, Shipping Times Pg 1 /4 is ou work
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  • SINGAPORE AT HOME & ABROAD
    • 657 2  -  Bat move unlikely to have impact on property prices, say analysts By] Rahita Ellas, Toh Han Shih A POSSIBLE relaxation of Housing and Development Board rules, which currently disallow the use of flats for carrying out business, was yesterday given the
      657 words
    • 294 2  -  {fempany to update internal processes Jiere to keep its edge Annette Pau .AtfPLE Computers yesterday it would not cut any jobs at"ks Ang Mo Kio plant here. reiterated its importance as the group's centre of manufacturing excellence in the *2gje-Pacific.
      294 words
    • 438 2  -  By 1 Toh Han Shih LOCAL high-tech entrepreneurs, or technopreneurs, and a venture capitalist BT contacted yesterday supported Prime Minister Goh Chok Tong's proposals to nurture local technopreneurship, but felt more could be done. Mr Goh on Tuesday suggested a relaxation of rules to
      438 words
    • 298 2 But only if ordinary account depleted and property bought before 1999 CPF members can now use the savings in their Special Account to help them meet any housing instalment shortfall due to the 10 percentage point cut in employers'
      298 words
    • 327 2  -  EYE ON THE ECONOMY Price Index By. Marissa Chew WHOLESALE prices fell 7.6 per cent year-on-year in December, pulled down by declines in the prices of petroleum products and crude materials like wood, textiles, minerals and metal ores. Figures from the Department of Statistics show that
      Source: Dept of Statistics  -  327 words
    • 197 2  -  LETTER TO THE EDITOR Lee Pheck Hong I REFER to your report concerning the High Court suit against City Developments Limited ("CDL accused of covering up error" BT, Jan 26). The reference made to "the admission by CDL's last witness Lee Pheck Hong, then
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    • 329 2 New drugs for diabetes treatment to be tested here DANISH pharmaceutical company Novo Nordisk Health Care yesterday inaugurated its $10 million Clinical Development Centre (CDC) for the Asia-Pacific region here, giving a boost to Singapore's fledgling life sciences sector. The new centre
      329 words
    • 220 2 THE government has warned landlords not to allow their premises to be used for the sale of uncensored and obscene video compact disks, saying that, otherwise, they could be fined up to $40,000 or jailed for up to one year or both. The Films
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    • 516 4  -  Better to have these changes early even if they mean temporary pain By* Anna Teo CUTTING costs, while necessary, will not be an adequate response to the regional economic crisis, Deputy Prime Minister Tony Tan said last night. Singapore also
      CHRIS LOH  -  516 words
    • 287 4 Reuters SINGAPORE was a better place for investment compared with Hongkong, while South Korea was seen as a winner in the region, a senior economist said yesterday. "We prefer Singapore over Hongkong simply (because) Hongkong is getting squeezed doubly, one by Singapore
      Reuters  -  287 words
    • 664 4  -  Closing date for tender poshed back to April 12 Ronnie Lim THE government's sale of a majority stake in the $3 billion Tuas Power (TP) has been delayed by another few months, which means the new owner will not be on
      664 words
    • 378 4  -  By: Ronnie Lim A NEW 480 km gas pipeline to be built from offshore West Natuna to Jurong Island will be unaffected by proposed new Indonesian regulations to open up the development and operation of such pipelines, industry sources said. "This is
      378 words
    • 607 4  -  A total of 21 awards will be given out for 10 categories By< Wong Wei Kong A TOTAL of 87 unit trusts will vie for the 1998 Investment Fund Awards, a bigger crop than the 67 funds that qualified for the 1997
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  • Page 2 Advertisements
    • 155 2 Executive tips from jo h n sledge r s 1 |How to the corporate ladder W 1. Take the initiative whenever the opportunity arises. 2. Never say "impossible" or "can't". Be forever positive. Sjl K 3. Seek out new challenges and added responsibility. fi? Fmm 4. Be forward-thinking and communicate
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  • Page 4 Advertisements
    • 97 4 J\ jjp |sfl jljilßß $i§ THAI VILLAGE SHARKSFIN RESTAURANT PTE LTD Business Hours 11,30 am 3pm, 6pm 10pm 26 taker Closo SooViow HotoJ SO Stodwm Boulevard #01-01 19 Ywg Ho Rood, 225 East Coast Rood Admiralty Hooso, 345 Oid Nelson Rood, #01-00 Singapore *****4 Oasis BoMhig Singapore *****6 Singapore *****2
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  • ASIA'S ECONOMIC SLUMP
    • 690 5  -  He pats US growth at 1% this year; says China could see more capital flight Vikram Khanna [SINGAPORE] A coming slowdown in economic growth in the US, China and Europe combined with uncertainties in Japan could mark the
      690 words
    • 238 5 Bridge News [JAKARTA] Indonesian banks that cannot be saved will be liquidated, Finance Minister Bambang Subanto said yesterday as he became the second minister this week to talk openly about pending bank liquidations for the first time. Speaking to journalists before an
      Bridge News  -  238 words
    • 518 5  -  He proposes fonds to deal with corporate debt, inject equity From. Anthony Rowley in Tokyo RADICAL measures are needed to save Asian countries from economic collapse, former Thai finance minister and deputy prime minister Virabongsa Ramangkura said yesterday, adding that
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    • 362 5  -  Talk of BOJ buying calms market; rupiah ends stronger By Larry Wee [SINGAPORE] The Japanese yen's rebound continued to dictate Asian trading yesterday, boosted by a further rise in key long-term yen interest rates, but the spectre of aggressive central bank intervention slowed
      REUTERS; Source: Reuters  -  362 words
    • 225 5 Reuters [SEOUL] The International Monetary Fund has agreed that South Korea's economy is in full-fledged recovery 14 months after plunging into crisis and its structural reforms are being undertaken successfully, the finance ministry said yesterday. But analysts said the IMF's assessment was a
      Reuters  -  225 words
    • 368 5  -  Funding is from accumulated budget surpluses, EPF liy\ Diana Oon Abdullah MALAYSIA'S government is not "printing money" to fund its economic restructuring and development projects. Finance Minister Daim Zainuddin said in the latest issue of Time magazine. The money has come
      368 words
    • 294 5 AFP [KUALA LUMPUR] The powerful Associated Chinese Chambers of Commerce and Industries of Malaysia (Accim) said yesterday that the country's fixed exchange rate should be adjusted to reflect a higher value. The chambers, which represent some 20,000 Chinese businessmen in the country, were also
      AFP  -  294 words
    • 572 5  -  Fall much deeper and implications mnch worse, it says Prom Harish Mehta in Bangkok THERE is no evidence to support the Thai government's preliminary forecast that the economy contracted by 8 per cent last year, says brokerage firm National Finance
      572 words
  • Page 5 Advertisements

  • REGION
    • 473 6 SHANGHAI Another 108 units uncovered, more expected, says Gnangdong official AFP THE net liabilities of bankrupt Guangdong International Trust and Investment Corp (Gitic) may rise, as liquidators could uncover still more debts, a senior official was quoted as saying yesterday. The official Guangdong Hongkong
      AFP; REUTERS  -  473 words
    • 183 6 BEIJING Foreign liabilities of USsl4om; help by govt to reclaim loans AFP THE debt-stricken investment arm of China's Dalian city has international liabilities of US$l4O million (***** million) and is receiving support from the municipal government, officials said yesterday. In a bid to calm fears
      AFP  -  183 words
    • 175 6 KUALA LUMPUR Bernama ABDUL Murad Khalid, the Bank Negara assistant governor who resigned from the central bank on Monday, is expected to join RHB Bank, one of the country's top commercial banks. Banking industry sources said yesterday that Mr Murad, 44, would take
      Bernama  -  175 words
    • 269 6 JAKARTA Don't let N Sumatra become a second Ambon, he cautions Reuters ABOUT 200 "provocateurs" have entered the Indonesian city of Medan to spark religious riots similar to those that killed 65 people in Ambon in eastern Indonesia last month, a local official
      Reuters  -  269 words
    • 635 6  -  CHDIA WATCH China moving to make family-ran, private enterprises an important component of the economy By Lu Ning OVER the weekend, the standing committee of the Chinese parliament agreed to deliberate four amendments to the 1982 Constitution. The one with
      635 words
    • 218 6 KUALA LUMPUR Bridge News THE independent commission investigating injuries to ousted deputy premier Anwar Ibrahim while in police custody is scheduled to begin its inquiry on Feb 22. Bernama reported. The proceedings will be open to the public. "We are of
      Bridge News  -  218 words
    • 452 6 BEIJING Its trade gestures aim to stop Taipei's early admission FT A POSSIBILITY that Taiwan could join the World Trade Organisation before China is pushing Beijing to consider greater market liberalisation as an important US-China meeting approaches. Chinese officials said Premier Zhu
      FT  -  452 words
    • 311 6 KUALA LUMPUR Anwar associate pleads guilty after charge is reduced AFP AN associate of deposed Malaysian deputy premier Anwar Ibrahim, was yesterday jailed for 42 months for unlawful possession of bullets after changing his plea to guilty. Businessman Solaimalai Nallakaruppan better know as Nalla
      AFP  -  311 words
    • 107 7 WASHINGTON Bridge News THE continuing military threat by North Korea poses "the most significant nearterm danger" in East Asia, the annual US defence report said on Tuesday, according to the Kyodo news service. Pyongyang's threat to South Korea remains "formidable" due to the forward
      Bridge News  -  107 words
    • 64 7 [TOKYO] A kindergarten girl crying in fear and trembling as a man dressed as a devil gave pupils a fright during the annual Setsubun festival at the Sensoji Temple in Tokyo yesterday. At Setsubun, which marks the first day ofspring according to the lunar
      AFP  -  64 words
    • 287 7 TOKYO Poor showing by LDP would affect stability of his government Reuters JAPANESE Prime Minister Keizo Obuchi, whose popularity rating has been climbing, faces a key test in local elections this spring that could decide the fate of his administration. Obuchi's ruling
      Reuters  -  287 words
    • 206 7 NEW DELHI AFP INDIA'S ruling Hindu nationalists gained breathing space, but little more, after a heated meeting with disgruntled coalition allies ended with a vague pledge of unity, experts said yesterday. Prime Minister Atal Behari Vajpayee made a major concession at Tuesday's meeting
      AFP  -  206 words
    • 390 7 TOKYO Bat public works spending is up, offsetting weak consumer spending Bloomberg JAPAN'S regional economies are still in a severe condition, yet there are bright spots emerging in some areas. Finance Ministry regional bureau chiefs said yesterday. Consumer spending, which accounts
      Bloomberg  -  390 words
    • 181 7 HONGKONG Figures suggest that recent pick-up may have stalled AFP HONGKONG'S Land Registry saw a 37 per cent drop in transactions in January over the previous month, indicating a recovery in the property market may have stalled, figures released
      AFP  -  181 words

  • Page 7 Advertisements
    • 173 7 =f isn't every day that you'll make a million dollars. And if isn't every day that you'll come across a car as exciting as the Passat Turbo Tiptronic. In this car, you II discover an uncommon but harmonious blend of ingenious design and true purpose, of refined luxury and superb
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  • Page 8 Advertisements
    • 1398 8 SRI LANKA MESSAGE JHPV "^S^. Kumaralunga J i President r AM ■n. The Democratic Socialist Republic of Sri Lanka f 1 i J||H Hon. Sirimavo R.D. Bandaranaike Hon Lakshman Kariiroamar As we commemorate today the 5 l fl anniversary of our National Independence, I recall the Prime Minister ivaairgamar ■rnst
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  • THE WORLD
    • 586 9 WASHINGTON Economy picked up speed in Q4, outlook positive; leading index rises; house sales at high Bloomberg THE US economy has powered ahead in recent months, and last fall's see-sawing in financial markets no longer threatens to stall growth in output, a senior
      Bloomberg  -  586 words
    • 332 9 WASHINGTON And key index points to continued economic growth Reuters THE scorching housing market had its best year ever in 1998 after a strong month in December, and a key economic barometer suggested the powerful US expansion still has plenty of momentum, reports
      Reuters  -  332 words
    • 50 9 [MOSCOW] An elderly Russian homeless man trying to keep warm lying down on an underground ventilation grating notfar from Red Square with the Kremlin and St Basil Cathedral in the background —as the temperature in Moscow fell to almost minus 30 degrees Celsius yesterday. AFP
      AFP  -  50 words
    • 463 9 Business groups, trade onions press for redaction to avoid recession AFP [LONDON) Britain's central bank began its two-day monthly interest rates meeting yesterday, and a slim majority of analysts cautiously predicted that it would cut the base lending rate. The Bank of England has
      AFP  -  463 words
    • 431 9 GENEVA Reuters DEVELOPING countries in the World Trade Organisation signalled on Tuesday that they would strongly resist a US bid to put core labour standards onto the agenda for a key meeting of the body in December. Envoys from
      Reuters  -  431 words
    • 380 9 MFRANKFURT Inflation at post-WW Ll record low; worries prices will begin to fall Bloomberg THE European Central Bank (ECB), already battling an economic slowdown and persistently high unemployment across much of the continent, has yet another reason to cut interest rates soon
      Bloomberg  -  380 words
    • 353 9 WASHINGTON Reuters MONICA Lewinsky told prosecutors and White House lawyers during her videotaped deposition that she still has "mixed feelings" about US President Bill Clinton, a senator said yesterday. "That expression was used by Miss Lewinsky," Republican Senator Larry Craig told ABC's Good
      Reuters; REUTERS  -  353 words
    • 238 9 WORLD ECONOMIC FORUM AFP (DAVOS) The six-day gathering of world political and economic leaders in this Swiss mountain resort to find ways to better manage the global economy into the 21st century ended on Tuesday on a human, rather than financial, note. There was a
      AFP  -  238 words
    • 293 9 WASHINGTON Administration at odds with congress panel report Reuters THE United States government will conduct a broad review to determine if US national security was hurt by high-technology deals with China, as a congressional panel charged last year, a US official said
      Reuters  -  293 words
  • Page 9 Advertisements
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  • EDITORIAL & OPINION
    • 756 11  -  TUE BOTTOMUME OPINION By Harish Mehta The writer is BT's Bangkok correspondent DONT ask Chalerm Siribhadra, a retrenched office helper, whether he feels the Thai economy is turning around He has more basic things on his mind: he says he has not eaten all
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    • 144 11 The whole attitude has changed in the last year. People go up there because they get a great kick out of buying something for a fraction of what it costs in Hongkong.' Cheryl Kwok a Hongkong resident who goes to Shenzhen to buy sunglasses and handbags and
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    • 647 11 EDITORIAL IF globalisation does nothing for the poorest people in the developing world, its future is in some jeopardy. That has been one of the themes struck at the annual jamboree of the World Economic Forum in Davos. It deserves attention. The general tone of circumspection about
      647 words
    • 944 11  -  Bnt settling for the status quo and not backing changes to the capital-flow system is wrong By 1 Tom Plate Tom Plate teaches at UCLA and participated in the World Economic Forum in Davos LAT-WP A BATTLE is forming over reform of
      LAT-WP; FILE PHOTO  -  944 words
    • 852 11  -  By. Daim Zainuddin The writer is Malaysia's finance minister DEALING with the Asian economic crisis is no easy task. One would like to believe that standard prescriptions exist, but after trying various cures, the crisis-hit countries are still not out of the woods.
      FILE PHOTO  -  852 words

  • SPORTS
    • 94 12 Reuters [LONDON] Howard Wilkinson is 6-4 favourite to become Glenn Hoddle's permanent successor as England coach, William Hill bookmakers said on Wednesday. Wilkinson, the Football Association's technical director, is in temporary charge for England's game against France next week after Hoddle was sacked on Tuesday
      Reuters  -  94 words
    • 788 12 End of England soccer coach's 2IA -year reign widely expected after condemnation from all quarters; FA technical director Howard Wilkinson will take over temporary control of team Reuters Glenn Hoddie's 2'^-year reign as England soccer coach ended on Tuesday when he was sacked following
      Reuters; REUTERS  -  788 words
    • 684 12 Last five managers either hounded out or left under a cloud Reuters [LONDON] Glenn Hoddle's successor as England coach will inherit a high salary, the chance to stamp his authority on the national game and a poisoned chalice. There have only been nine England
      Reuters; FILE PHOTOS  -  684 words
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  • EXECUTIVE LIFESTYLE
    • 626 13 MUSIC First tragedy of formative rock 'n' roll era still fresh in many minds Reuters [DETROIT] Forty years have passed, but Americans still can't forget the day the music died. Bob Keane was driving on Los Angeles' famed Sunset Boulevard towards the
      Reuters; FILE PHOTOS  -  626 words
  • Page 13 Advertisements
    • 712 13 Where to wine, dine and entertain bSSSfk&r atover^O^OOOiSonsworldS. 118f^*****45 CAFE PLAZA Chinese New Year Buffet Chines* New Year's Eve Buffet (16 Feb-2 Mar) (15 Feb) $22.50 (Adult), $16.50 (Child) Lunch: $22.50 (Adult) Lunch 18 Mto 2 Mar $16.50 (Child) Dinner (16 Feb to 2 Mar) Dmner $28.50 (Adult) CLUB 5
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  • Page 13 Miscellaneous
    • 1124 13 CRYPTIC CROSSWORD 1 System of numbering has its 5 Nothing to enjoy really (4) —Hi—Hi Hh pH 9 Aussie dancing girl? (8,7) 3 10 Informat ion about line of val- —jjj 7 11 A good man, we hold, is su- To perfluous (5) I I I I 12 Quickly look
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  • MOTORING
    • 363 14  -  Discounts, extended warranty and proof of origin offered All reports by Christopher Tan [SINGAPORE] Inchcape's Borneo Motors is not only gearing up to do battle with parallel importers, it is also determined that Toyota recaptures the bestseller title this year. "I'm sure Honda
      363 words
    • 445 14 Motor traders are trying to whip up interest in an unusually subdued festive period and in anticipation of lower COE premiums soon [SINGAPORE] HOT on the heels of Borneo Motors' "storewide discounts" last month, several motor traders have posted lower prices. But far from
      445 words
    • 254 14 [SINGAPORE] Even as carmakers are merging and consequently finding ways to consolidate their distribution channels, an unusual arrangement has emerged in the local motor industry. Daewoo vehicles will be distributed by two separate parties. Starsauto, part of a larger Indonesian group, will continue to represent
      254 words
    • 271 14 [SINGAPORE] Locally-based Suntze Communications Engineering has secured a build, own and operate (BOO) deal to wire up the Automobile Megamart Singapore's largest used-car complex when it opens in June. A subsidiary of Plan-B Technologies. Suntze will be responsible for setting up a PABX telecommunications
      271 words
    • BUMPER to BUMPER
      • 94 14 GENERAL Motors announced at the recent L A Auto Show that it planned to test diesel-electric buses in New York City. The hybrid buses are expected to cut fuel consumption by about 40 per cent while minimising harmful emissions—a prime consideration in urban environments.
        94 words
      • 61 14 THE Saab 9-5 Estate (above) was picked the best buy in the U5535,000-US$4O,OOO (5559,080-5567,520) range by the American Automobile Association. The association, which examined more than 180 models in its recent review, highlighted the 9-5 Estate for "the car's balance of performance, quality and value". Also
        61 words
      • 72 14  -  Compiled by Christopher Tan FROM this month, transfers of ownership of used vehicles can be done electronically via LTA Link. Registered used-car dealers will be able to offer on-site transfers, and thus maximising convenience and minimising risks associated with the former procedure. There are also cost
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  • Page 14 Advertisements
    • 39 14 J find Serf 1 If the Government and People 3 S of the Democratic Socialist 8 M Republic of Sri Lanka I on the occas ion I of their sldt National Day I jjl jjj PRIMA GROUP OF COMPANIES^^^^S
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  • Companies & markets
    • 817 15  -  Worst in provisioning may be over; but analysts feel target is too optimistic By Conrad Raj [SINGAPORE] Overseas Union Bank is targeting a return on capital of 10 per cent as it refocuses its thrust into consumer banking
      TAN SUAN ANN/ST  -  817 words
    • 231 15 [SINGAPORE] The Natsteel Electronics stock rebounded 4.2 per cent or 20 cents yesterday, to close at $4.98, as analysts' fears over its motherboard assembly business were allayed. The electronics contract manufacturer counter rose steadily all day to its intraday high of $5.05,
      Source: Bloomberg  -  231 words
    • 628 15  - TAS trying to keep a piece of the pie for StarHub HOCK LOCK SIEW Teh Hooi Ling T|HE mobile phone industry was jolted by a surprise price war last Friday, but the greater surprise is the strictness with which the regulator regards Sing Tel Mobile's proposed scheme to reward its
      628 words
    • 336 15  -  Aussie firm buys S'pore, HE, London business for USsl6m Bxf Wong Wei Kong [SINGAPORE] Australia's Colonial First State Investments is buying NicholasApplegate's fund management operations in Singapore. Hongkong and London with a total US$4OO million (*****.2 million) under management for US$l5.B million. This is
      336 words
    • 284 15  -  By] Eugene Low [SINGAPORE] Singaporean and Taiwanese joint venture SH Soil Works, a subsidiary of Sesdaq-listed Presscrete Holdings, will start commercial production of bricks and other ceramic building products made of recycled marine clay a waste material found at a large number of
      284 words
    • COMPANIES
      • 561 16  -  New store will bring in more of Mango collection, which racks up double-digit sales growth By. Rahita Elias [SINGAPORE] Listed Isetan Singapore is capitalising on falling retail rents and the success of its Mango line to open a flagship Mango
        SIEW YAW HOONG  -  561 words
      • 252 16 [SINGAPORE] Shares of GES International yesterday made modest gains on the local bourse in its maiden trading day, rising 14 per cent, or 3.5 cents, to close at 28.5 cents. Brokers and analysts say that the mainboard-listed stock underperformed the
        Source: Bloomberg  -  252 words
      • 331 16  -  From. Al Labita in Manila HONGKONG-LISTED First Pacific Co Ltd and its Philippine flagship are selling off part of their holdings in a cellular phone provider to raise funds for a major property venture, an official said yesterday. Metro Pacific
        331 words
      • 185 16 Reuters [SINGAPORE] Ship repair company Pan-United Corp said yesterday that whollyowned subsidiary Xinlong Cast Iron Pte Ltd (XCI) had agreed to sell its stake in a mainland Chinese cast iron pipe maker to cut loss-mak-ing investments. Xinlong would sell its 50 per
        Reuters  -  185 words
      • 587 16  -  Company keeps mum on new share deal after court stops chairman's sale bid From Quak Hiang Whai in Hongkong SING Tao Holdings minority shareholders remained in the dark last night as to whether there would be a new share deal by the the
        587 words
      • 623 16  -  Bad loan provisions surge to HKs3s2m while loans drop 19% to HKsl6b From Quak Hiang Whai in Hongkong INTERNATIONAL Bank of Asia (IBA), the second bank in Hongkong to announce results this week, said earnings dived 80 per cent to HK$B2 million
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      • 177 16 Reuters [KUALA LUMPUR] Malaysia's Multi-Purpose Holdings Bhd yesterday said it was not in talks with any party to sell its stake in gaming and real estate firm Magnum Bhd. "The board of Multi-Pur-pose Holdings Bhd is in no position to comment on the rumoured purported
        Reuters  -  177 words
      • COMPANY Briefs
        • 93 16 Reuters [KUALA LUMPUR) Malaysian state-controlled utility Tenaga Nasional said it has completed the sale of its 330 Megawatt power station in Tanjung Kling to electricity. generator Powertek Bhd for 740 million Malaysian ringgit (*****.7 million). Tenaga said in a statement to the Kuala Lumpur Stock
          Reuters  -  93 words
        • 102 16 Reuters [KUALA LUMPUR] United Engineers (Malaysia) Bhd said its associate Puncak Vista Sdn Bhd is still in default on payment of principal and interest on two facilities worth a total 0f393 million Malaysian ringgit (5J174.6 million). In a statement to the Kuala Lumpur Stock
          Reuters  -  102 words
        • 94 16 AFX-Asia [MANILA] El Paso Energy International Co of Texas acquired the 46 per cent stake of Van Der Horst Ltd in East Asia Power Resources Corp for 779 million pesos (5534.1 million), East Asia Power president Jose Alejandrino said. He said the sale
          AFX-Asia  -  94 words
        • 81 16 Reuters [KUALA LUMPUR] Malaysia's Hong Leong Bank Bhd's finance company said yesterday that its non-performing loans currently stood at between 10 and 13 per cent of its total outstanding loans. Hong Leong Finance chief operating officer, Lee Kam Chuen, told a news conference
          Reuters  -  81 words
        • 67 16 Reuters [KUALA LUMPUR] The Kuala Lumpur Stock Exchange yesterday reprimanded Woventex Corp Bhd for failing to announce its acquisition of a wholly-owned subsidiary between December 1996 and December 1997. Woventex's failure to make an immediate announcement on its acquisition of shares in Scientex Inc
          Reuters  -  67 words
        • 80 16 Reuters [KUALA LUMPUR] A Malaysian court has approved the debt restructuring and capital reduction plan of timber firm Aokam Perdana Bhd, the company said yesterday. In a statement to the Kuala Lumpur Stock Exchange. Aokam said the court approved a scheme of arrangement with three of
          Reuters  -  80 words
      • COMPANY Briefs
        • 77 17 Bloomberg [WASHINGTON) Microsoft Corp chairman Bill Gates filed to sell 3.5 million common shares worth an estimated US$55O million (Ss92B million), in his first planned sale this year. Mr Gates, the world's richest man, last year sold US$l.B billion worth of stock in the
          Bloomberg  -  77 words
        • 76 17 Bloomberg [CHICAGO] Sara Lee Corp, the largest US processed-meat company, was sued by a Tennessee woman's family for wrongful death from eating the company's Ball Park hot dogs that were linked to a deadly outbreak of listeriosis in 16 states. The family sued
          Bloomberg  -  76 words
        • 59 17 Bloomberg [LONDON] Saatchi Saatchi pic, the UK's No 2 advertising company, joined the FT-SE 250 Index, FTSE International said. The FT-SE 250 measures the 250 biggest UK companies in terms of market capitalisation. Saatchi, whose clients include the world's biggest advertiser, Procter Gamble Co,
          Bloomberg  -  59 words
        • 65 17 Bloomberg [SYDNEY] AAPT Ltd, Australia's third-ranked telecommunications company, has bolstered its presence in the nation's fast-growing online market by taking total control of Internet service providerConnect.com.au Pty. The company said it bought the remaining 59.9 per cent of Connect.com.au it didn't already own
          Bloomberg  -  65 words
        • 56 17 NYT [ATLANTA] In an attempt to elevate its brand awareness, Royal Philips Electronics NV of the Netherlands will pay an estimated US$lBO million to emblazon its name on the 20,000-seat arena being built by Time Warner Inc to house its Atlanta Hawks basketball team
          NYT  -  56 words
        • 65 17 Bloomberg [PARIS] Elf Aquitaine SA, the world's sixth-largest publicly traded oil company, said its profit fell about 22 per cent in 1998 after oil prices dropped by a third. Early estimates show it earned about 7.9 billion francs (552.3 billion) before one-time
          Bloomberg  -  65 words
      • 386 17 Bloomberg [DALLAS] Perot Systems Corp, the computer services company founded by Texas billionaire and twice-failed presidential candidate Ross Perot, more than doubled on its first day of trading on Tuesday, helped by demand for technology stocks. Shares of the Dallas-based company rose 27
        Bloomberg; AFP  -  386 words
      • 314 17 Seagram in talks to sell businesses for USs6oom; sources Bloomberg [NEW YORK] Seagram, the No 6 entertainment company, is in talks to sell the remaining assets of PolyGram Filmed Entertainment to a Saudi Arabian prince for as much as US$6OO million (Ssl billion)
        Bloomberg  -  314 words
      • 398 17 Company boosting sales to telecoms carriers as corporate sales slow Bloomberg [SAN JOSE, California] Cisco Systems Inc, the No 1 computer networking company, said fiscal second-quarter profit rose 33 per cent as revenue from Internet providers offset slowing corporate sales.
        Bloomberg  -  398 words
      • 309 17 Reuters [NEW YORK] Microsoft Corp was sued on Tuesday by a small research and development firm in a patent infringement case tied to key technologies used by Microsoft and other leading Internet software makers, lawyers for the plaintiff said. The federal lawsuit, filed on
        Reuters  -  309 words
      • 384 17 Deal could create world's biggest tyre group; shares up Reuters [TOKYO] Sumitomo Rubber Industries confirmed yesterday it was in the final stages of a US$l billion (551.69 billion) alliance with Goodyear Tyre Rubber Co, a combination that could create the world's largest tyre
        Reuters  -  384 words
      • 268 17 Bloomberg [LOS ANGELES) Mattel Inc, the world's largest toymaker. said fourth-quarter profit fell 67 per cent as cutbacks in retailers' orders reduced sales. Profit before a charge at the maker of Barbie dolls. Hot Wheels cars and other toys fell to
        Bloomberg  -  268 words
      • 254 17 Bat Q1 sales will still be slightly less than previous qtr's Bloomberg [SAN FRANCISCO] Intel Corp, the world's largest chipmaker, said it's seeing strong demand for personal computers so far in 1999 and reiterated its forecast for first quarter sales to
        Bloomberg  -  254 words
      • 192 17 Reuters [WASHINGTON] The Federal Communications Commission (FCC) is expected to approve within two weeks AT&T Corp's US$4B billion (SsBl billion) purchase of cable giant Tele-Communica-tions Inc (TCI), after the agency's staff recently backed the merger, sources familiar with the staff report said on Tuesday.
        Reuters  -  192 words
    • FINANCE & COMMODITIES
      • 474 18 From mid-March, companies must wait till press gets data before using Internet Reuters [WASHINGTON] Federal securities regulators, recognising the growing importance of the Internet as a means of getting corporate information out to the public, have approved a change in a rule
        Reuters  -  474 words
      • 420 18 Quitting with Myron Scholes is another founding partner Reuters [GREENWICH, Connecticut] Nobel Prize winner Myron Scholes and another partner on Tuesday quit Long-Term Capital Management (LTCM), the investment fund they helped found but then watched crumble in last year's market turmoil, the fund said on
        Reuters  -  420 words
      • 63 18 [BAGHDAD] Iraqi traders marking prices on white plastic trading boards on Sunday at the Baghdad Stock Exchange. Despite more than eight years of punishing UN sanctions and an economy largely under central government control, the bourse opens its doors three days a week to
        AFP  -  63 words
      • 337 18 Reuters (PARIS) A planned merger of French banks Societe Generale and Paribas puts great pressure on Banque Nationale de Paris to break out of its isolation in a rapidly consolidating industry, analysts say. The SG-Paribas deal announced on Monday surprised financial analysts who
        Reuters  -  337 words
      • 265 18  -  Newsletter names it Asia 'Equity-Linked Deal of the Tear' From Loh Hui Yin in Hongkong SINGAPORE government investment arm Temasek Holdings' US$l billion exchangeable bond, issued last year, has been named Asia's "Equi-ty-Linked Deal of the Year" by financial newsletter IFR. Peter Ong, Temasek's executive
        265 words
      • 182 18 AFP [TOKYO] Japan's Chuo Trust and Banking Co Ltd plans to withdraw from banking operations abroad, shutting down its subsidiary in Hongkong and branches in Hongkong, New York and London, a report said yesterday. A new bank will also be born out
        AFP  -  182 words
      • 70 18 Bloomberg [SEOUL) South Korea's financial watchdog said the government is close to awarding state-run Seoulßank to HSBC Holdings pic. "In a marathon with HSBC, we are dashing only 100 metres away from the finish line." said Financial Supervisory Commission chairman Lee Hun Jai. "We need
        Bloomberg  -  70 words
      • 216 19  -  SIMTTX Reports MSCI Singapore Index Bob Butcher THE strategic 200-point level in the MSCI Singapore Index was assaulted and breached a few times yesterday but bears were forced to retreat each time. Settlement for the lead month February contract eventually came at that level so
        216 words
      • 154 19  -  MSCI Taiwan fatures Cecilia Loh THE Simex MSCI Taiwan Stock Index futures reaped a gain of 1.5 points to 247.9 yesterday. Meanwhile, the benchmark Taiex edged down by 5.78 points after erasing early losses of as much as 153.06 points. Both the car and
        154 words
      • 341 19 ENERGY REPORT Reuters [LONDON] Oil markets ticked higher yesterday despite fresh signs of persistent glut in global crude oil inventories and new forecasts of weak oil prices ahead. International benchmark Brent futures traded 13 cents higher at US$lO.9B a barrel in
        Reuters  -  341 words
      • 300 19 Reuters AFP-Asia New York THE dollar was stable early yesterday in New York, less than four hours ahead of a scheduled announcement on interest rates by the Federal Reserve. Most analysts expected the Fed would leave rates unchanged, but currency dealers were largely waiting for the announcement before
        Reuters; AFP-Asia  -  300 words
      • Article, Illustration
        1346 19 IWTERBAMK CROSS RATES A w A$ CS »">b Euro Ffr Dm HK$ Ind Rs Bupiah y«n Won BM M2$ Pa* Bs Peso S$ Band Sfr NT$ Baht Pound US$ 0970 r 6 78 0 566 3 "07 4.970 27.242 54.684 0.721 7.507 2.438 1.172 32.977 24.670 1.083 3.863 0.906 20
        1,346 words
      • 1929 19 SICOM FUTURES Feb3 RUBBER (future} closing as at 5.30pm) RSS1 CONTRACTS ceots/hg) Close Volume Open Month Hiqh Low Sett (tonnes) Interest Mar 99 114.00 1300 Apr 99 115.00 950 May 99 117.50 117.50 117.50 600 625 Jun 99 119.50 200 Jul/Sep 99 126.25 123.50 123.00 225 975 Oct/Dec 99 126.50
        1,929 words
    • Article, Illustration
      1298 20 AFP -I*2 Hang Seng -8187 HONGKONG share prices fell 0.9 per cent yesterday with investors showing little interest as banks turn in a string of poor results for 1998, dealers said. "Trading is boring. There is no excitement for investors to get into the market," said Michael Ng at
      AFP  -  1,298 words
    • 2333 20 LONDON Industrials 31 Group 617.000 -7.400 AB Ports 278.000 3.000 Abbey National 1219.000 -31.000 Allied Oomecq 484.400 7.400 Allied Zurich 955.400 362.400 Amec 177.000 4.000 Asda Croup 156.200 -5.800 BAT Ind 605.000 -9.000 8G PIC 351.000 -13.000 8 ICC 80.000 5.000 BOC Group 864.000 -6.000 BR Petroleum
      2,333 words
    • Article, Illustration
      499 20 Agencies i Shenzhen B Index -013 SHENZHEN'S hard currency B shares were easier at noon yesterday, as weakness in Hongkong stocks kept skittish investors on the sidelines, analysts said. The B Share Index edged down 0.13 point, or 0.28 per cent, to 47.50 on turnover of HKsl.l million, roughly
      Agencies; Source: Credit Lyonnais Securities (Asia) Ltd  -  499 words
    • 362 20 AFP Qwp Index -5.78 TAIWAN share prices ended barely lower yesterday, paring early losses sparked by reports that a prominent poli-tician-cum-businessman had issued bounced cheques worth millions of dollars, analysts said. The Weighted Price Index slipped 5.78 points to 5,743.86 points. Need for cash ahead of the Chinese New
      AFP  -  362 words
    • 1588 20 AFP Bloomberg Nikkei 225 -***** TOKYO share prices fell 1.3 per cent yesterday, pressured by a slump on the bond market, brokers said. The key 225-issue Nikkei Stock Average lost 188.52 points to finish at 14,161.31. Turnover was an estimated 339 million shares worth 244.6 billion yen. "The fall
      AFP; Bloomberg  -  1,588 words
    • KUALA LUMPUR STOCK MARKET
      • 433 21 AFP H Composite Index -10.71 MALAYSIAN share prices ended 1.8 per cent lower yesterday with sentiment clouded by the poor performances of major regional bourses, dealers said. "The weak regional markets exerted negative sentiment on the local stock market." an institutional dealer with a
        AFP  -  433 words
      • 8724 21 INDUSTRIALS Consumer products '999 Last Vol Day Net Cap Hlqh Low Company Salt 000 High Low P/t Smll 310 290 Ajinomoto 290 -10 2 290 290 16.0 117.5 83 72.5 Anqkasa 74.5 -15 5 74.5 73.5 109.9 283 250 Apollo Food Hlq 256 -4 13 260 254 8.9 102.4 204
        8,724 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1977 22 BONOS, LOANS k WARRANTS m 3Z List Vol Day Last Ouote A»q High Law stno Company Sal* *or- COOO) High Low Buyar Seller Price 20.5 3 3160 "Acer W*****1USS 11 -1 2 11 11 rT 12 35 4.5 3164 Acma W*****4 16.5 -0.5 366 17 16 16 17 17 3161
        1,977 words
      • 165 22  -  WARRANT WATCH -By R Sivanithy ONE of the market's favourite punting vehicles has been having a rather quiet time lately; after hitting a high of about 60 cents last month, the Keppel Land warrant has since drifted to 41.5 cents. Since it could be
        165 words
      • 216 22 HONGKONG STOCKS Cr Gr 52 fc L Vol D»v Last Ouott Dl« Ot« ¥U Nil MC« High Low Stno Company Sf COOP) Hqn Low Buyer SeMer Cvr H P/E $mM 5123 COL (2000) HK 400 8 2.4 2 20.5 7744.7 5124 CettMy Pec 20c HK-..720 265 2.1 7.4
        216 words
      • 264 22 AFP 13 Wellington +9.56 NEW Zealand shares rose 0.4 per cent yesterday, overcoming a weak start on the back of a strong performance by Telecom Corp and gains on the Australian market. The NZSE-40 Capital Index ended up 9.56 points to 2,219.82, off its early low of 2,190.74. Turnover
        AFP  -  264 words
      • Article, Illustration
        760 22 AFP Q SET Index -9.01 THAI shares fell 2.6 per cent at the close yesterday as investors dumped bank shares in advance of expected capital raisings later this year, dealers said. Dealers said selling gathered momentum in the afternoon session, with limited buying impetus despite Tuesday's sharp fall. "We're
        AFP  -  760 words
      • 417 22 AFP Q Composite Index -13-35 SOUTH Korean share prices closed yesterday 2.5 per cent lower with index-leading large capitalisation stocks losing ground on massive fu-tures-led selling, dealers said. "The foreign shift to selling also pulled the index further down, amid weakness in regional markets," Korea First Securities dealer Kang
        AFP  -  417 words
      • 586 22 AFP M All Ordinaries +IL2 AUSTRALIAN shares rose 0.4 per cent yesterday after fu-tures-led rises countered the impact of falls on Wall Street, brokers said. The All Ordinaries Index rose 11.2 points to 2,918.2. The All Industrials rose 18.9 per cent to 5,308.1 while the All-Resources climbed 5.2 to
        AFP  -  586 words
      • Article, Illustration
        732 22 AFP rl Composite Index +5.40 INDONESIAN share prices closed 1.3 per cent higher yesterday on late buying in select big caps stocks following the release of higher than expected results by PT Indosat, dealers said. "The announcement of Indosat's full-year results have lifted market sentiment... I think some foreign
        AFP  -  732 words
      • 309 22 AFP PI Manila +32.09 PHILIPPINE share prices closed 1.6 per cent higher yesterday amid selective buying of blue chips, analysts said. The Composite Index rose 32.09 points to close at 2,007.38 points. Turnover fell to 751 million shares worth 1.44 billion pesos from 2.3 billion shares valued at 1.36
        AFP  -  309 words
    • 6898 23 Transaction date: Feb 3 Or Or M m 52-Wk Last Vol Day Last Ouote Olv Div YM Net Cap Avq Hlqh Lea StNo Company Salo COOO) High Low Buytr Sailor C'vr P/E Soil Prke MULTI-INDUSTRY 142 17.5 mt 1000 Acma 50c 69 -1 336
      6,898 words
    • 1373 23 Cr Cr M Wt 52-Wk Last Vol Day Last Ouott (Mv CM* VM Nat Cap Avq High Law StNa Company Sale COOP) High Lew Buyar Bailer C'vr H P/t Smll Price MANUFACTURING 243 30 a 2049 AS Auto 10c 96 -1 548 98 93.5 96 96.5 15 N 7
      1,373 words
    • STOCK EXCHANGE OF SINGAPORE
      • 413 24 Stocks Volume GES Intl Ltd 42.968,000 SembCorpI 25c 25,436.000 ST Engg 10c 23,198,000 SingTel 15c 8,110.000 DBS Land 6,944,000 KepTatLee Bank 3,658,000 Keppel Land 50c 3,581,000 DairyF US5c 3,482,000 OCBC Foreign 2,902,000 CK Tang Wt99 2,875,000 Stocks SembCorpI 25c 51,859,060 ST Engg 10c 32.619,630 OCBC Foreign 31,371.747 SingTel 15c 18,684,816
        413 words
      • 619 24  -  STOCK MARKET COMMENTARY SembCorp's $420 m write-off brings investors down to earth; liquidity dries up By R Sivanithy LOCAL stocks continued to show poor form yesterday, succumbing to Wall Street-related worries and an apparent lack of decent domestic themes. SembCorp Industries' $420
        619 words
      • ON THE GRAPEVINE
        • 69 24 FOR the first time ever, Ikea, the Swedish home-furnishing company, has bought the intellectual property rights for a design from Singapore. The designer is Darren Gan, an up-and-coming second-year student taking the Temasek Design School's Diploma in Product Industrial Design. The design is called Fige, and has
          69 words
        • 117 24 WE recently received a short e-mail message from someone at a major broking firm. Nothing unusual about that, but what got our attention was the disclaimer at the bottom of the note. It started with: "This material is for your private information, and we are not soliciting any
          117 words
        • 85 24 DESPITE mounting unrest in Indonesia, the worldwide noodle community will be gathering on the island of Bali on Feb 11*13 for the Second World Ramen Summit. Producers of ramen, or instant noodles, will meet to discuss the ins and outs of the international noodle business, travel
          85 words
        • 113 24 WELL-KNOWN China watcher William Overholt has hit the headlines but not for any market-moving pronouncements. Instead, it involves a court case he has brought against his former wife Maria over a treasured collection of family photographs. A keen photographer, Mr Overholt is asking her to return photo
          113 words
      • Article, Illustration
        62 24  -  By Wong Wei Kong SembCorp Industries fell $0.21 to $2.03 yesterday on a volume of 25.4 million shares, compared with its 10 day traded average of 12.7 million units. The daily and weekly RSI and Stochastics, as well as the MACD charts, suggest that the stock may be
        62 words
  • Page 15 Advertisements


  • Page 17 Advertisements
    • 95 17 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      95 words

  • Page 18 Advertisements
    • 191 18 Showcase your products services to the mamK/ttk region's work boat industry tUjpIHM -Wmlm fIPSSEwmPIA "iS "Mai SHIPPING TIMES Special Feature Tuesday, m 23 February '99 Despite the economic slowdown, the Asian Marine Market seems poised for a relatively smooth sailing. Response towards the Work Boat World Asia '99 has been
      191 words
    • 1023 18 CSC Computer Sciences International Inc. (Incorporated in the United States of America) CONDITIONAL CASH OFFER FOR CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) CONDITIONAL CASH OFFER (THE "OFFER") BY MERRILL LYNCH (SINGAPORE) PTE. LTD., FOR AND ON BEHALF OF CSC COMPUTER SCIENCES INTERNATIONAL INC. (THE "OFFEROR"), TO ACQUIRE
      1,023 words



  • Page 21 Advertisements
    • 104 21 NOTICE IS HEREBY GIVEN that I..VIAK KOK HAY, of Apt Blk Pasir Ris Drive 4, *10-517 Singapore *****7, have applied for a Public House Ist Class Licence in respect of M/s Fever Pte Ltd located at 286 River Valley Rd Singapore *****5, and that this application will he considered by
      104 words
    • 109 21 NOTICE 1$ HEREBY GIVEN that I, TIC) YIU THOE of Blk 883,Tampines St 84 *06-74 Singapore *****3, have applied for a Public House Ist Class (Extended) Licence in respect of M/s Unplugged MTV (S'pore) Pte Ltd located at 100 Orchard Road, *02-51 Meridien Shopping Centre, Singapore *****0, and that this
      109 words

  • Page 22 Advertisements
    • 101 22 NOTICE IS HEREBY GIVEN that I, LEONG CHENG KEAN. NICHOLAS of 4B Swettenham Road Singapore *****2, have applied for a Second Class Beer House Licence in respect of M/s Nick's Kitchen located at 316 Thomson Road Singapore *****0, and that this application will be considered by the Liquors Licensing Board
      101 words
    • 103 22 NOTICE IS HEREBY GIVEN that I.TAY CHONG CHEK of Blk 53 Lengkok Bahru. *05-331, Singapore *****3, have applied for a Wholesale Liquor Shop Licence in respect of M/s Tay Miang Huat Distillery Pte Ltd located at 16 Woodlands Link Singapore *****5, and that this application will be considered by the
      103 words
    • 102 22 NOTICE IS HEREBY GIVEN that I, MOK CHUP CHUANG of 30 Taman Selamat, Singapore *****6, have applied for a Wholesale Liquor Shop Licence in respect of M/s Harpers Trading (S) Pte Ltd located at 34 Boon Leat Terrace Singapore *****6, and that this application will be considered by the Liquors
      102 words
    • 106 22 NOTICE IS HEREBY GIVEN that I. TAN BOON KIM of Blk 511 Ang Mo Kio Avenue 8 *10-2758, Singapore *****1, have applied for a First Class Extended Licence in respect of M/s Crux Cafe located at 31 Marina Park *01-07 Planet Marina, Singapore *****1, and that this application will be
      106 words

  • Page 23 Advertisements
    • 67 23 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE CITI NEVER SLEEPS II raiii' h i' at: I Shcn I on .1 2(> X rlha r (I Ko a d 21 I urn n u la•> I sI
      67 words

  • Page 24 Advertisements
    • 2213 24 Want to get the best trading ideas? Call DBS investor Online at 438-1188 gg| x^SBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, GOH ENG SOON of Block 225 C Compassvale Walk #03-355 Singapore *****5, have applied for a Retail Liquor
      2,213 words
    • 100 24 TENG MAH SENG SONS PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) rffITKT "MAI. r.ENERAL MEETING Notice is hereby given pursuant 10 Section 308 (I) ft (2) of the Companies Act, Cap. 50, that a t-'inal Meeting of the Company will be held at 101 Upper Cross Street #04-43 People s Park
      100 words

  • Shipping Times
    • 290 25 Bridge News Reuters RUMOURS of weaker US Gulf/ Japan rates failed to stir the market with the drop largely expected, brokers said. The rate is once again back to around U5514.20 or US$l4.OO for early March shipment. Futures drifted again amid continued bearish sentiment, Clarkson Securities Ltd said
      Bridge News; Reuters  -  290 words
    • 252 25 US tm- DM i* i a CWTOMrlPutlen-0.505 -0.005 40 ChuanHup 0.555 -0.01 204 Coscc Invastmant .047 -002 3 FrttaMUmu OT7 unch 1082 MHaMnqa 0J8 -0009 10 Hal Sun Hup 043 -0.015 223 HNacNZMMI 0.79 memmm HKS.CO JayaHoMngi 090 -0.01 73 JvronaSMpyar4_630 -0.09 61 KappaiCarp 336 -OW 1930 KappalFttS
      252 words
    • 515 25  -  MO SEMINAR ON PIRACY AMD ROBBERY AGAINST SHIPS South-east Asia accounted for over half of all global attacks last yean piracy watchdog Reports by] Marcus Hand (SINGAPORE] Indonesia remained the hotspot for piracy with nearly one-third of all attacks against shipping worldwide last year
      Source:  -  515 words
    • 607 25  -  SHIPSHAPE By: Marcus Hand JUST a couple of months after moving to Bangkok from the US to head up APL's Southeast Asia operations, William Villalon, today APL's vicepresident of global marketing, realised that his stay in Thailand would be a short
      607 words
    • 391 25 {SINGAPORE] China was criticised yesterday for its record in fighting piracy and its failure to prosecute suspected pirates at an international conference on piracy, here yesterday. The actions of the Chinese authorities in piracy incidents were described as "unbelievable" and as "encouraging pirates to carry
      PILE PHOTO  -  391 words
    • 455 25 [SINGAPORE] A Singaporean accused of being the mastermind behind an international ship hijacking syndicate, has been arrested by Indonesian authorities in Batam, according to the latest annual report of the International Maritime Bureau (1MB). The report quotes Indonesian press reports as saying that the 56-year-old Singaporean was
      455 words
    • 1109 26 QLOBftT. MABTTIME DISTRESS AMP SAFETY gVBTI!M Vessels should be equipped with GMDSS equipment and coastal states with necessary facilities for such services WHAT, proportion of ships comply with GMDSS by the Feb 1, 1999, deadline? Flag states have been requested to provide IMO with information
      PILE PHOTO  -  1,109 words
    • 201 26 PACE Donqnama 3 ACL 6 6 AHL 3 ECL 5 Accord S Appertship 5 F000flSun 8 Austral 8 GUnk 4 Bdlaji Shpq 4 G aftrans 8 j HaiSunHup 8 > C«, 7 J Heung-A 4 8 Hyundai 7 C0SC 5 ICFS 3 CSAV 3 Interasia 7 6
      201 words
    • 17797 33 THEBUSINESSTIMES EXPORT Adv«rti»f VMS* Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone biw oest n Name Name Number Number SIN Dest'n Name Nam# Numhmr L. imhw e N«me Number Number Bm M B% A »/03 COSCO RIVERCRYSTAL 005rw 65-*****00 TO ABIDJAN (ABJ) Z003 Cote D'lvolre 13/02 06/04 Clan
      17,797 words
    • SHIPS IN PORT
      • 687 37 Voy Wo Perth Arrival Departure Jareag Nrt Ayu Permata *****9 Jtl alongside 03.02/0100 Bt Cinta Mur IFEB99 J01 alor>gs>d« 03.02/1745 Bt Ha Bersam *****9 J01 alongside 03.02/2000 C S Sunny 81 J22 alongside 05.02/2300 Handy Logger 9904 JOB alongside 03.02/0430 Hoang Dieu 1/99 JOB alongside 04.02/0800 Merllon 3
        687 words
      • 1805 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/taUnce Rstls Ship Voy No Ctb/8tr Period From To From Art 02/** 04/1200 W 03/1500 03/1*59 03/1*00 03/1500 03/1659 01/1900 2A 01/1700 04/0*59 04/0900 21 01/1700 04/0*59 04/0900 3 04/0700 04/1159 04/1400 4 04/1200 04/1459 04/1700 toMma 22-040 MAM M
        1,805 words
      • 224 37 Feb IB China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. Feb 10 Brunei: Chinese New Year. China: Chinese New Year. Portugal: Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Feb 17 China: Chinese New Year.
        224 words
      • 753 37 THIS report, complied 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
        753 words
      • 378 37 C«to« 180 Mu 994.8 1.0 M.6 0.10 tZ7 0.06 20 Pwalty mtm Hwlto Art Atmntwhm SXIwwrt No«bowE25 2 0 8 0 2 0 %H/M 300 Aw 988.5 0J 8.1 0.0T 26 0.02 Eon 380 Mu 993.3 IS 19.8 0.12 54 0.07 M*ri M/M M/M ft* —a»a
        378 words
    • AIRLAND TRANSPORT HEWS
      • 462 38 Swissair takes 49% stake while Marine-Wendel and Gronpe Alpha take 51% stake Bloom berg [PARIS] SAirGroup unit Swissair has joined forces with family-controlled holding company Marine-Wendel SA to acquire AOM, France's No 2 airline, for an unspecified sum, enabling it to capture a greater share
        Bloom berg; FILE PHOTO  -  462 words
      • 362 38 NYT [ATLANTA] Delta Air Lines passengers soon may notice something missing from their Sky Deli food bag: the sandwich. To pare food costs, Atlan-ta-based Delta is taking the sandwiches out of Sky Deli bags on 140 flights and replacing them with crackers
        NYT  -  362 words
      • 497 38 Aussie carmaker hopes vehicle will boost its share of Asian market AFP [SYDNEY] Australian car maker Holden is working on designs for a no-frills small car that would probably be built in Thailand as a key ingredient of plans for major expansion into Asia, the
        AFP  -  497 words
      • 62 38 [NEW YORK] Nick Abson, chief executive officer of the British/Belgian Company Zevco (Zero Emission Vehicle Company Limited), poses holding a fuel cellfrom the electric powered Zevco Millennium Taxi, at rear. Zevco and the United States company EVX announced plans to start manufacturing the
        REUTERS  -  62 words
      • 336 38  -  Reports by Christopher Tan [SINGAPORE] Overcapacity? No such thing. At least not in the Asia-Pacific, according to a top General Motors executive. GM Asia Pacific president Rudolph Schlais told reporters that vehicle sales in the region would soar "from 12 million
        336 words
      • 328 38 [SINGAPORE] General Motors, the world's largest vehicle maker, will soon decide whether to raise its stake in 50 per cent owned Saab Automobile. Under an agreement with co-owner Investor Group, GM has an option to buy up all
        FILE PHOTO  -  328 words
      • 295 38 Bloomberg [FORT WORTH, Texas] AMR Corp's American Airlines, the second-largest US carrier, may be forced to cancel flights if its pilots union orders a work slowdown in response to the purchase of lowfare airline Reno Air Inc. Union leaders, who say
        Bloomberg  -  295 words
      • 1837 38 cm FUWT ETA riKHT ET8 6A7306 1840 LH779 2359 mmm am zoos of* n*sn 2359 A4otaMo 6A7301 1930 IA7362 2050 OW Of81 1930 Of 62 2050 WWM WW Bp ***** QUO AN6229 2230 tiwytoi WC $0803 1915 CZ352 0635 IH6380 2230 COS3 2035 S0004 1015 mO
        1,837 words
  • Page 25 Advertisements
    • 21 25 GMDSSe States, ships most play part Vessels should be equipped with safety equipment and coastal states with necessary facilities. Page 2
      21 words
    • 166 25 Swissair jointly bnys France's AOM Swissair takes 49% stake while Marine-Wendel and Groupe Alpha take 51% stake. Back Page u nems "travels fast l\ Sl\( iAIM )R1 when \ou want to reach out to a select target audience in the transport and logistics industry on I one dail\ oilers \ou
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  • Page 26 Advertisements
    • 722 26 1 SUPER SHUTTLE EXPRESS I HI fQULF KARACHI CTOO rasa vorifit ic> sm vtssa voir Iju mmlmn I om kai cot ]pu f™ ooa CAlffOtMA 33W503 M/ 01 07/02 *Y*CASTO« J/J] P4O NBNIOYD MMAM 1« 70/01 22/01 22/01 24/01 20/01 02/02 00/02 07/02 00a JAPAN 30W505 03/02 21/02 PtO NHNIOYD
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    • 683 26 Lines services represented by Members of the Flegtstry of fJJ Accredited Shipping Agents Singapore Shipping Association Members of the Singapore Freight Forwarders Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess Lily V 9299 WK/n 17Him Princess LUv V 9399 Zlft&m 11/H/N 9M3/99 LIU MARINE SERVICES
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  • Page 27 Advertisements
    • 1073 27 SAX StRVKE (MRECT) vor sura ia» oak nit hou ch ~ca mm m nyc AfISAMONTX 0091 03/02 10/02 23/02 Q/Q2 24/02 23/02 24/02 24/02 25/02 2S/02 amquMiii 0231 10/02 25/02 02/03 ~Wn~ 03/03 02/03 03/03 03/03 04/03 04/03 gg 16/02 04/03 09/03 09/03 10/03 09/03 10/03 10/03 11/03 11/03 AFIGAMT
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    • 1773 27 ®HANJIN SHIPPING tikFl 4 -Sd« *****30 HAKIIH SHIPPING (S) PTEITD hi //vim tap am WOKING *****35 237 S*LB *****24 734 OOCUMfHT *****71 274 OffUIIOIfi *****50 251 MAiM UK *****55 FAX *****40 CI NO 11S34tt0400M TO NW USA CANADA USA f ANAPA* FM VU/VOT lUN 5 UNEHAU/VOT SLA 11W 0(N POX
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    • 324 27 KMTC provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tol: 220 8558 IkmXLtmtoi hk *****54 1 III 1 frflii TMpilni limrtii 'h IM "Wil* fjaSfflS 1 W 03-7S47SJO <^03-*****47 SS Nmf (W) 04-*****40 (Hx) 04-*****44 mOTASggy Wn?://WWWJUITC-COJB rJMmf ffwp 07-*****04 SHREYAS
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  • Page 28 Advertisements
    • 1438 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDrTERRANEANCANADA K*** l W LB* HTM MM HMt OBV IFLX I VtSOfl IvOY SIM GIT I Sl* FOS W.C MTU NMUStDALUN WOOO7 20 01 1102 2002 1712 10 02 20 02 SHANGHAI SENATOR WMOB7 20 01 14 02 10 02 10 02 20 02 27
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    • 865 28 Carrier: MM COUTH LINES, INC p.guoang: (0t)*****26 I -1\ J QWNOc1KW7lOOOO» SIBU: (084) *****9 MANILA- (632)*****24 PEMANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P- KELANG: (03) *****77 JKTi (21) *****07 MDN: (61) *****3 KUCHiNG (062) *****1-3 BARCELONA I SURABAYA MV "NORASIA MALTA" V.9905-4 MV "SiA EXPRESS" V.EPRO97 ETA
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    • 527 28 LINE ST Tits IfMßt HUb I MUARA LABUAN VKSa VOT FID Ftt VKSfI VOT ETD FEI sratf mum spoke m VOX/W 03/02 04/02 CAAAAAJNJJ2 VW/W 03/02 07/02 VOH/WM/0101/W STtAffSMOfl VO3I/W H/OJ 14/W J2JSEL w«/w '0/07 ii/oi mtm mm vwe/h u/w it/02 CAKAKAJQ32 VO4E/W 12/03 15/02 fIIAItSHOPE VME/99 20/02 23/02 IK.
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  • Page 29 Advertisements
    • 1239 29 ismm VESSEL VOY SIN PKO PEN PQB PUB DAM I SHJ IB* 1 BIK I IRAN TABATABAEI PJLI33I 09/02 18/02 10/02 20/02 22/02 24/02 IRAN TEYFOURI PJLI32B 13/02 22/02 23/02 24/02 26/02 28/02 IJAN BAKERI PJLI336 22/02 03/03 04/03 00/03 07/03 00/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03
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    • 1834 29 VOOI3W (ITA SIN 1 3Nk M), VIA KaiKHft I AII-W«Ur itrvi<« will nil I Jj2sis!!usi2^ss!ss^us!!iss£s^j I SINGAPORE'S GfNERAI AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (B/L)" COSTAR SNIPPING PTE LTD #17-MDKBLOG SAUS/KGS *****57/60 INWARD Din (D/oj *****85 COSTAR AGENCIES (M) SDN BHD DIPT *****25 TEL 02-07-35 *****
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    • 677 29 EASTERN CAR UNER, LTD."««!?« jfc Eg (SIWCAPOKO PH LTD I SPECIALIZE IH ROUP HEAVY UFT UPTO 4SO TOWS I ECL (SINGAPORE) PTE LTD LOAD NG FOR MANILA/ BATANGAS PORT KLANG/ COLOMBO MV "CORAL HERO" V.14 MV "TAJSHUN" V.34 ETA SJN 06/02/99 ETA MNL 15/02/99 ETA SW 10/02/99 ETAPKL 11 /02/99
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  • Page 30 Advertisements
    • 1332 30 EUROPtAJK/SCAWDtWAVWFIWUWD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DIADEM RW 004 07/02 26/02 27/02 01/03 03/03 E RESULT RE 023 14/01 10/01 15/01 17/01 11/01 11/02 12*2 I. OAINTY RW-009 14/02 05/03 06/03 01/03 10/03 E RENOWN RE 032 21/02 23/01 *****
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    • 1181 30 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil street #12-00. PIL Building, Singapore *****0 I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO **********0E OPERATIONS: *****6<y *****05 BANGKOK JAKAETA (Weetiy i sin mn sin lch/1 sn mp (»Seiimtt/weet) vtssa voy «n kick vtssa VOY S*l JKT MAJHJ
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    • 609 30 r*a> NANTAI LINE j FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VISStL VOT Sin PUI Dm JW (TT M mmimago* tons ow lt/w 20/02 23/02 nm mmma mr> 14/02 21/02 "03/03 04/03 miUIVBWS Y.032S 18/02 Urn 02/03 05/03 M/ 03 W/03 GOLDENMA6ON Y.OIOS 03/03 12/03 lt/03 19/03 20/03 mmiQURN YO33S
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  • Page 31 Advertisements
    • 470 31 BSA x mm MYANMA ■BBk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) VISSH VOY SIN PKI PIN PGU HPA-A* 256W SID MOMG-Ut TOW 07/02 MALAYSIA AGENTS. lOUSTUO SHIPPING AGENCIES KUL m (03)*****00 PKL TU (03) *****01 KM: m (04)2****** PGU: Ttl (07) *****21/4 BANK LINE (A swvict
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    • 1300 31 HYUNDAI MERCHANT MARINE CO., LTD. |VBSa VOY I SM I SOU I L£H I ITM AWT HAW MY I 18 1 [VESSE VOT|SOU|IBI|BTM|AIfT|MM|IRV| FR SM HY COMMODORE 317W 04/02 22/02 27/02 24/02 25/02 THAMfS 5521 11/01 14/01 13/01 14/01 04/02 RMMI 525W 05/02 2*/02 27/02 21/02 23/02 NOLAGAJI 0101 IS/01
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    • 1142 31 RL "J norMogor ipeaataea aukxomen Gj@@(°K£ Wilhelmsen Lines TO NORTH AND UTIN AMERICA -RORO HUVYUn SlRVKlivfssa vor ramp height sin lax ckl mia sav bal orf nyc i new moi TAMPERE F904 400Ta« 6.3 M 01/02 M/ 03 15/03 11/03 20/03 22/03 23/03 24/03 29/03 30/03 TEXAS F9OS 400 Tmk
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  • Page 32 Advertisements
    • 2019 32 BANGKOK/ MAP TA PHUT/ LAH CMABAMO i JAKARTA/PAN JA NO VESSEL VQY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 401N Qg/02 10/02 09/02 GURU BHUM 11SSB In Pt 07/02 I YANTRA BHUM" 278N 07/02 10/02 11/02 ANRO JAYAKARTA* 073 06/02 09/02~~ CHANA BHUM- sflN 00/02 12/02
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    • 18 32 CONTAINER SERVICE TO APIA VAVAU NUKUALOFA PAPEETE RAGO PAGO PORT VILA RAROTONGA NZOL CAMPAIGN® V. 02S/99 ETA 07/02/99
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  • Page 33 Advertisements
    • 40 33 DIRECT SERVICE to INDONESIA PT. Pelayaran Meatus HUAL Check It Out Page 6 Q n p a g e 13 New Service To Shanghai direct service to Calcutta Wan Hai Lines shippillg Page 5 p a g e \2 (Mon/Wed/Fri)
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  • Page 35 Advertisements
    • 50 35 VaUl STBjjTfc Dial 740-6000 on demana —(Retrieve more schedules!) Press "1" ct JCTV Select the port and key in S VJ the four digit code eg: To New York (NYC) 2275 Key in your fax number ypur phone number Another innovative service offered by The document Will be SHIPPING TIMES
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  • Page 36 Advertisements
    • 142 36 c mmtrngmm FREE Rpddpr Enquiry Sprvicp s>< cut out and fa* to: 65~74-***** 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: I ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      142 words

  • Page 37 Miscellaneous
    • 137 37 LEGEND R Thunderstorm T•mperotixe o c X\ V Shower w •other w«d ejection with speed in knot* Ron V^J Cloudy Sky Wove height w,n of "HJKOted by arrows wjiich Hy with the wind (i) One h* circle represents colm Vhght ond vanoble winds i__ One half Heche represents 5 knots
      137 words