The Business Times, 26 November 1998

Microfilm: NL21356
Total Pages: 80
1 80 The Business Times
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  • Title Section
    Masthead
    14 1 MITA(P) 110/12/97 85c K THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, NOVEMBER 26, 1998
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  • Article
    MARKET SUMMARY
    69 1 □sn 130-51 (-22.39) BT-SM CMLBO (-11.13) SDCSCX FUTUBES 20M2 (-3.00) RJ MARKET MOODe mm Mixed STOCK MARKET INDICES Wednesday Change KLSK COMP Ml 15 1149 NIKKK1 16,073.47 -91.17 HANG SKNO 11,720.99 190.71 SCTINDBX ***** +7J5 JAKARTA COUP 387.38 -3170 MANILA COMP 136&&4 -171 TAIPKl WP1 7,213.50 -***** SHOUL
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  • Article
    FINANCE
    83 1 FOBEX SATES us$ s$ USS 1.639 £(l'SS/S$ per I 668 2.717 DM 1.703 0.962 YKN 120.8 t J87 RM 3JW0 0.431 HKS 7.744 0512 BAHT 36.08 0.04S RUPIAH 7,480 0.122 'SS to 100 units •St to 100 units FUME BATES SINGAPORE* 6.56 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75
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  • Article, Illustration
    Lock icon Top E50 firms say CPF cut enough for them
    535 1  -  Businesses still doing well, farther wage cots will affect morale, they say By* Audrey Tan [SINGAPORE] Top privatelyheld companies have opted not to cut wages beyond the 10 per cent Central Provident Fund (CPF) reduction. All the five winners of this
    ARTHUR LEE  -  535 words
  • Article, Illustration
    Sukamto seeks bankruptcy protection
    585 1  -  Creditors sue for USs63m; he lists debts of USs3oom By< Conrad Raj [SINGAPORE] Indonesianborn businessman Sukamto Sia, who once made waves on the Singapore corporate scene, has filed for personal bankruptcy protection in Hawaii after a slew of creditors sued him for over U5563.4 million (Sslo4
    585 words
  • Article
    S'pore stocks falter after week of gains
    259 1  -  My] R Sivanithy [SINGAPORE] Regional markets closed mostly lower yesterday, the victims of profittaking, a weak overnight Wall Street and a poor showing in Japan and Hongkong. In Singapore, these external factors were enough to overshadow details of the $10.5 billion cost-cutting measures,
    259 words
  • Article
    Go for monthly variable pay component, firms urged
    529 1  -  Ministers say this will enable them to react faster By. Anna Teo [SINGAPORE) Private sector employers should look into building up a monthly variable component in their wage structures, both Manpower Minister Lee Boon Yang and labour leader Lim Boon Heng said
    529 words
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      116 1 msiPE locti— ta govt's castCttiag MMJWTM What the industry, analysts and economists say, I*2 Auto stocks in the fast j lane Motoring, Pg 20 Money Matters The greenback is likely to test the top of the range again, Pg2S Cbrrecta In yesterday's table accompanying our front page report "Businesses: get
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      23 1 Fresh approach needed: BG Yeo, Pg 4 Reactions to cost-cutting measures, Pg2 S'pore motor stocks power ahead, Pg 20 Market reports, Pg 28-32
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      175 1 A Special Supplement FREE with today s BT i Invented for you A Breguet watch has a unique responsibii lity; it comes to you carrying the name of i m Abraham-Louis Breguet, the greatest watchmaker ever known. You will recognise it by g the legendary "Breguet" hands, the shimYi mering
      175 words
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      20 1 f&T* Foreign worker levy cut not permanent, Pg 3 E Sam springs uL early A retirement a| surprise Full Pg
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  • REACTIONS TO COST-CUTTING MEASURES
    • Article, Illustration
      Firms welcome govt's $10.5b stimulus package
      463 2  -  They say it's now up to them to ensure that their operations remain shipshape tt/ Jennifer Lien, David Boey COMPANIES welcomed the government's $10.5 billion stimulus package and said it would help keep their operations competitive. Those contacted yesterday said it was now up
      463 words
    • Article
      More can be done to relieve individuals: economists
      331 2  -  But they are by and large happy with cost-cutting package By Eugene Low ECONOMISTS polled by BT are generally happy with the cost-cutting measures announced by Deputy Prime Minister Lee Hsien Loong in Parliament on Tuesday, but felt that the government could
      331 words
    • Article, Illustration
      Lock icon Shipyards among biggest gainers of cost cuts, say analysts
      506 2  -  liy Ven Sreenivasan LOCAL shipyards could be among the biggest beneficiaries of the government's cost cutting measures, say analysts who have combed through the details of the package unveiled by Deputy Prime Minister Lee Hsien Loong on Tuesday. This is because
      FILE PHOTO  -  506 words
    • Article
      Electricity charges to be reduced by 4-11% in Jan
      571 2  -  S'pore Power to give rebate, restructure tariff system By\ Ronnie Lim FROM Jan 1 next year, businesses and homes will enjoy a reduction on their electricity charges of 6-11 per cent and 4 per cent respectively, Singapore Power said yesterday. This
      571 words
    • Article
      Port users await details of cost-saving measures
      431 2  -  Many urge PSA to review its transshipment fees By Felix Chan [SINGAPORE] The reaction from port users to the measures announced in Parliament on Tuesday was generally positive, although many were uncertain, in the absence of further details, how much savings would materialise
      431 words
    • Article, Illustration
      Lock icon Car prices, cab fares unlikely to fall
      459 2  -  Savings in taxes, duties may not be passed on to consumers By I Christopher Tan IT looks like car prices and taxi fares are going to remain unchanged for the time being. While motor and transport firms welcome the cuts in duties and
      FILE PHOTO  -  459 words
    • Article
      Developers won't hurt much from JTC, HDB cuts
      630 2  -  Rentals headed down anyway, say developers; economy will benefit Byi Corinne Kerk CUTS in posted rentals of Jurong Town Corporation and Housing Development Board industrial land, factories and commercial properties may hurt private industrial land developers in the short term, but will
      630 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Tony Tan to head new technopreneurship panel
      609 3  -  YESTERDAY IN PARLIAMENT BG Yeo, Lim Hng Kiang and Teo Chee He&n also on the committee By. Anna Teo DEPUTY Prime Minister Tony Tan will chair a high-powered ministerial committee to look into developing technopreneurship, Trade and Industry Minister Lee Yock Suan disclosed
      609 words
    • Article
      GLCs should focus on core areas, be more transparent: MPs
      334 3 GOVERNMENT-LINKED companies (GLCs) should restructure, get rid of peripheral interests and be singleminded in focusing on their core businesses if they want to compete on the world stage, Sin Boon Ann (Tampines GRC) said yesterday. Indeed they should "take a
      334 words
    • Article
      Foreign worker levy cut not permanent
      542 3  -  Fee will be restored as economy improves Boon Tang By Carol Eng ABOUT 25,000 companies will benefit from the reduction in foreign worker levy, but Manpower Minister Lee Boon Yang reminded employers yesterday that the levy will be restored gradually when economic conditions improve.
      542 words
    • Article, Illustration
      Lock icon Tourism board plans $30m marketing boost next year
      370 3  -  New campaign comes as tourist arrivals fall 17% in Jan-Sept By] Marissa Chew THE Singapore Tourism Board will mount a $30 million marketing campaign next year to boost tourist arrivals here, Minister for Trade and Industry Lee Yock Suan said yesterday. The
      ARTHUR LEE  -  370 words
    • Article
      S'pore needs fresh approach towards human talent: BG Yeo
      436 4  -  Firms most cast net wide to draw the best, says Star committee head By. Audrey Tan SINGAPORE firms must cast a wide net to attract the best talent, said Second Trade and Industry Minister George Yeo yesterday. Speaking at the Enterprise
      436 words
    • Article
      Star committee to have 16 members
      259 4 THE Singapore Talent Recruitment (Star) Committee, which will oversee the long term national effort to attract international talent, will have 16 members and be chaired by Minister for Information and the Arts, George Yeo. Minister for Manpower Lee Boon Yang is deputy chairman. Other
      259 words
    • Article
      TDB taking steps to boost S'pore as trading hub
      368 4  -  By\ Eugene Low THE Trade Development Board (TDB) yesterday announced a series of measures to consolidate and further strengthen Singapore's position as an international trading hub. The economic slump has taken its toll on international trade here. TDB said yesterday that
      368 words
    • Article, Illustration
      Lock icon Sept building contracts down 65%
      310 4  -  EYE ON THE ECONOMY Construction By CorinneKerk SLOWING demand in the property market has hit the construction sector hard, with contracts awarded plunging 65 per cent year-on-year in September. This follows a 43 per cent drop in August and contributed to a 48 per cent
      Source: CIDB  -  310 words
    • Article
      HDB to tender out Sengkang plot for integrated development
      318 4 Land to be used for commercial, residential, public transport facilities THE Housing and Development Board (HDB) will on Friday release a 2.7 hectare plot of land in Sengkang for public tender when it launches the first sale of land earmarked for
      318 words
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      154 3 Cmeissner+wurst 111 supporting Asia's high tech future. iSBV spam BurttnoamTw^^JL^- 5 ■""■"f""* 4 Austin I Kor»« Wvwn M< ttHto y announcing the MEISSNER^WURST (Philippines), INC B Integrated Clean Systems opening of sa^KE**"" 1 Corner Herrera Street, MakatiCity, 1200, Philippines IVICIJJIICI T WW VII Jl p hone +63-2-*****62/8 Fax +63-2-*****60 Philippines.
      154 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Private investment pours into Asian firms
      222 5 Bloomberg [HONGKONG] Foreign money is pouring into Asian companies via private equity investments, with U*****.26 million (*****.5 million) committed between June and October, more than twice as much as in the second half of last year, an industry newsletter said. South Korea was the
      Bloomberg  -  222 words
    • Article
      Lock icon S Korea Q3 economic growth shrinks 6.8%; worst to come
      472 5 SEOUL Ailing firms further hit as country tumbles deeper into recession: analysts Bloomberg SOUTH Korea's economy contracted in the third quarter, equalling its steepest decline in 45 years, as companies cut back on investment and consumer spending withered. However, economists
      Bloomberg  -  472 words
    • Article, Illustration
      Lock icon Central bank sees rupiah breaking 7,000 against US$
      220 5 Reuters [JAKARTA] Indonesian central bank governor Sjahril Sabirin said yesterday he expected the rupiah to continue strengthening and to breach the 7,000 barrier against the US dollar after recent falls in inflation. Asked by reporters if the rupiah could pass 7,000 against
      Reuters; FILE PHOTO  -  220 words
    • Article
      Lock icon Lower interest rates boost M'sian car sales
      251 5 The 9.5% Oct rise is 7th monthly increase inBmonths Bloomberg [KUALA LUMPUR] Malaysian car sales rose 9.5 per cent in October from a month ago, as lower interest rates encouraged investors to borrow and buy more new Toyota and Honda cars. Car sales
      Bloomberg  -  251 words
    • Article
      Lock icon Economists see HK Q3 growth down by 5.5-7%
      522 5 Outlook dreary as 1998 annual growth could be -6% to -7% Reuters [HONGKONG] Hongkong's economy has gone from bad to very bad, as third quarter growth figures due tomorrow will show, economists said yesterday. Third quarter gross domestic product (GDP) will be
      Reuters  -  522 words
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      184 6 In times like these, ft everyone could do with some good news. yL Which is why to help all our customers trim costs and \1 better prepare for the uncertain times ahead, we will Is from 1 January 1999 be cutting rates and offering a 11 range of special packages*
      184 words
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      1133 7 HDB transactions from October 12 to November 6, 1998 TYPE/ POSTAL CONTRACT BUILT-IN PRICE PSF LOCATION DISTRICT OATE (SO FT) (SS'OOOl <SS) 3-Room (Now Generation) Ang Mo Kio Ave 3 *****1 15-0ct-98 722 143 198 Ang Mo Kio Ave 3 *****7 20-Oct-98 742 140 189 Ang Mo Kio
      1,133 words
    • Article
      Better prices from flat buy-back schemes
      804 7  -  Three and four-room HDB, JTC flats can command between $5,000 and $10,000 more than average open market resale prices By. David Boey [SINGAPORE] THE Housing Development Board (HDB) and Jurong Town Corporation (JTC) are buying back three-room and four-room HDB flats at a premium
      804 words
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      12 7 HOCK Takes you I "Vr rf__ behind the news LOCK SIEW THKBusinbssTIMKS
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      163 7 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
      163 words
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      129 7 FACTORY FOR SALE KWONG MIN ROAD, JURONG Type C 3 with extension Built-in 25,000 sq ft Land Area 50,000 sq ft Tenure 60yrsfrom 1 March 1968 Sold with vacant possession Sole Marketing Agent Knight Frank Pte Ltd *****94 228 7334 l\ f 1 I FACTORY FOR SALE| SAV'-' PTH >
      129 words
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      141 7 i? f or O MONT BLANC I m I +j Take time I I i this I I weekend to reach j for your star. Hi t i i i j < i i i i i i j < j < Montblanc Party 28-29 November 1998 j Montblanc is
      141 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Anwar ordered police to frighten 2 accusers into retraction: officer
      498 8 KUALA LUMPUR Written retractions had to be obtained within 24 honrs of arrests, court told Reuters SACKED Malaysian finance minister Anwar Ibrahim ordered police to frighten two people who had accused him of sex crimes so they would retract their
      Reuters  -  498 words
    • Article
      Lock icon Nalla's case: Defence wants its lead lawyer to testify
      407 8 KUALA LUMPUR New twist as his lawyers allege 'bad faith' on part of A-G AFP, Reuters THE trial of ousted Malaysian deputy premier Anwar Ibrahim's tennis partner for unlawful possession of bullets took a dramatic turn yesterday with the defence alleging
      AFP,; Reuters  -  407 words
    • Article, Illustration
      Lock icon Ranariddh elected Parliament speaker
      446 8 PHNOM PENH Asean may call special meeting to admit Cambodia Reuters, AFP CAMBODIA'S new political structure began to take shape yesterday as deposed co-pre-mier Prince Norodom Ranariddh was elected president, or speaker, of the new National Assembly. Prince Ranariddh, who has agreed to form a coalition
      Reuters,; AFP  -  446 words
    • Article
      Lock icon Danaharta's oversight panel
      158 8 KUALA LUMPUR Reuters MALAYSIA'S Pengurusan Danaharta Nasional Bhd said yesterday that an oversight committee had been set up for the asset management company. Danaharta said in a statement that the three members of the new committee are finance ministry accountant-general Mohamed Adnan Ali, Bank Negara assistant governor
      Reuters  -  158 words
    • Article
      Seagate scraps 10t rupiah Medan project
      618 9  -  It's shifting to Snbic; volatile Indon political situation deterring intl firms, say observers Frorn Shoeb Kagda in Jakarta CITING political and social tension in Indonesia, American multinational Seagate Technology has cancelled its 10 trillion rupiah (552.18 billion) integrated electronic component project in North Sumatra
      618 words
    • Article
      Regional turmoil seen benefiting Philippines
      325 9  -  More foreign firms setting up regional HQs in the country From. Al Labita in Manila THE Philippines is benefiting from the regional crisis as more foreign firms set up their regional headquarters in the country, official figures show. At least seven multinationals have established RHQs
      325 words
    • Article
      Lock icon Chuan govt to face confidence vote on Dec 9
      213 9 BANGKOK Reuters THAILAND'S main opposition New Aspiration Party said yesterday it plans to bring a no-confidence motion against the government in Parliament next month. "The opposition will submit a no-confidence motion against this scandal-plagued government on Dec 9," deputy NAP leader
      Reuters  -  213 words
    • Article
      Lock icon Rural Indonesians see relief in drought's end: UN
      202 9 ■JAKARTA Bloomberg THE United Nations World Food Program said the end of a drought in Indonesia has helped improve the rice harvest, bringing relief to scores of rural communities suffering food shortages. In August, the United Nations World Food Program launched a
      Bloomberg  -  202 words
    • Article, Illustration
      Lock icon Habibie has only 7% support, says poll
      455 9 JAKARTA Reuters, AFP MOST Indonesians want to dump President B J Habibie, according to a rare opinion poll of 500 people in five cities. The poll was published yesterday amid fresh antigovernment protests here. The poll showed Dr Habibie would lose a presidential
      Reuters,; AFP; REUTERS  -  455 words
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      136 8 'vK i^^Hi Mr^ &%&*MEm£mß&-,,.v.. '^^tS^*^-'* -s 4 '^v W fl fl J^ r |ffi? 'ij&iSzMFf' l-JSpfe; *l a -^^M -gf3fe> -r ,^.-agi.. J& UJ? **y.j -r *j£jr£_ J"Wfc TEE* > J jo9^^ £9 I »™—we n« an your n-d. our PuncUon Room.. TKU w« c„ MB I cven better «««nng
      136 words
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      80 9 i s j 2 1 f UV BOSS 0 1 I jj Available at BOSS Shops at Ngee Ann City, Suntec City and Isetan Scotts 0 3 All Watches at Lucky Plaza Wisma Atria, Deluxe Eastern at Centrepoint, Q Precious Time at Chinatown Point, Sincere Watch Duty Free at Airport
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      10 9 Crisis to worsen if Habibie tries to hang on,Pg 17
      10 words
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      114 9 o o MONT BLANC lake time to see what the star holds for you this weekend. Montblanc Party 28-29 November 1998 Montblanc's Paragon boutique is celebrating its opening with a heart-warming exhibition of drawings by children of different nationalities. The theme of the exhibition is 'What makes me happy*. It's
      114 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Taiwan throws NT$9b lifeline to bank facing run on deposits
      339 10 TAIPEI Panic withdrawal sparked by stock payment defaults AFP TAIWAN'S central bank threw a temporary lifeline to a commercial bank yesterday as it moved quickly to staunch panic sparked by new share settlement defaults that dealt another blow to investor
      AFP  -  339 words
    • Article, Illustration
      Lock icon Chinese sculptor bares it all
      63 10 [BEIJING] A Chinese art student looking at a sculpture on display at the Fine Arts Museum here yesterday. The sculpture called "The Stability of Triangle" by Zhu Shangxi depicts a woman walking with stilts bound to her arms and legs. Zhu says he is influenced
      REUTERS  -  63 words
    • Article
      Lock icon HK to go ahead with Olympic bid
      74 10 HONGKONG AFP HONGKONG will press ahead with plans to share the 2008 Olympic Games with China, sports officials said yesterday while admitting a formal application by Beijing slimmed the territory's chances. The Amateur Sports Federation and Olympic Committee of Hong Kong is pushing
      AFP  -  74 words
    • Article, Illustration
      FDI, exports keeping yuan up
      759 10  -  CHINA WATCH Better-than-forecast data lends credibility to Zha's *110 devaluation' stand ByL\ Lu Ning HE said he was a man who meant what he said. While most economists gazing into their crystal balls would only use "stability" to describe the renminbi's prospects, Premier Zhu Rongji
      759 words
    • Article
      Lock icon China to issue ICs for customs transactions
      257 10 BEIJING Move is to curb fraudulent forex deals by companies AFP CHINA will issue digital identity cards (ICs) to foreign trade enterprises in a further move to control fraudulent foreign exchange transactions, the official China Daily reported yesterday. The report said the ICs,
      AFP  -  257 words
    • Article
      Lock icon Weak HK economy sparks graft fears: poll
      148 10 HONGKONG AFP HONGKONG'S economic downturn has fuelled fears of rising corruption, a survey carried by the anti-graft Independent Commission Against Corruption (ICAC) showed yesterday. Of 1,538 people polled, 74.1 per cent believed the depressed economy had increased the level of corruption in Hongkong.
      AFP  -  148 words
    • Article, Illustration
      Lock icon Jiang visit sparks protests over Japan's apology
      327 10 TOKYO AFP CHINESE President Jiang Zemin arrived in Tokyo yesterday for an historic six-day visit amid loud protests over Japan's planned atonement for its wartime aggression against China. On arrival, Mr Jiang smiled and waved to about 100 reporters with the Japanese words
      AFP  -  327 words
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      325 10 It would be a pity if you didn't look at the Lange 1 But you certainly don't nee movement with a magnifying glass. read its patented outsize The Lange balance-cock. Lange's inimitable watchmaking skill in magnification: free-hand cutting by a master engraver makes every balance-cock unmistakably unique, and the patented
      325 words
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      327 11 't look at the Lange 1 But you certainly don't need one to nifying glass. read its patented outsize date. I 1 The Lange 1 with outsize date. One of mechanical watchmaking's most strikingly useful inventions for «UM9ttb ,'g allows for a date display three times w fcS gPH the
      327 words
  • ASIA
    • Article
      Lock icon Perry to hold talks on North Korea
      97 11 WASHINGTON AFP PRESIDENT Bill Clinton s new point man on North Korea, William Perry, is expected to travel to Japan, South Korea and China soon for talks on how to deal with the reclusive regime in Pyongyang, the US State Department said Tuesday.
      AFP  -  97 words
    • Article
      Lock icon Gujarat set to draw US$47b investments over 15 years
      192 11 GANDHINAGAR, India Reuters INDIA'S western province of Gujarat, a favourite among investors, is expected to attract US$47 billion (Ss77 billion) in investments in infrastructure projects in the next 15 years, a top official said yesterday. "We have made plans for US$47
      Reuters  -  192 words
    • Article
      Lock icon Indians go to key polls amid political uncertainty
      485 11 NEWDELHI Many predict heavy losses for BJP-led coalition govt AFP MILLIONS of Indians voted yesterday in key state elections amid predictions of a heavy defeat for the ruling Hindu nationalists that could threaten their fragile coalition government. Nearly 25 per cent of
      AFP  -  485 words
    • Article
      Lock icon Indian banks' NPAs won't fall to 5%: S&P
      224 11 BOMBAY Reuters NET non-performing assets (NPAs) of Indian banks were 8.2 per cent of their total advances in March 1996 and a government panel's target of bringing it down to 5 per cent may be unachievable, Standard Poor's (S&P) said yesterday. S&P
      Reuters  -  224 words
    • Article, Illustration
      Lock icon Soma Gandhi set to lead Congress win in state polls
      350 11 NEWDELHI BJP defeat could spur her party to make bid for power AFP INDIAN opposition leader Sonia Gandhi cast her vote yesterday in state elections which could propel her Congress Party into a direct challenge for power against the ruling
      AFP  -  350 words
    • Article, Illustration
      Lock icon Towering from the past
      47 11 [SYDNEY!A woman yesterday walking her dogs at Sydney Park past three century-old chimney stacks as a storm approaches. The preserved chimneys were part of a brick plant, built in 1850, that supplied the city with all its bricks until the late *****. REUTERS
      REUTERS  -  47 words
    • Article
      Lock icon LTCB lent 1.2t yen to dummy firms: report
      271 11 TOKYO Prosecutors said to have launched probe into ex-management AFP THE collapsed Long-Term Credit Bank of Japan Ltd (LTCB) lent 1.152 trillion yen (5515.6 billion) to false companies to hide snowballing bad loans, a report said yesterday. LTCB, once the country's second
      AFP  -  271 words
    • Article
      Lock icon Tokyo warns key industries still not ready for Y2K bug
      330 15 TOKYO Survey finds finance, transport, energy, telecoms, medical sectors are lagging Reuters THE Japanese government warned yesterday about lack of progress by some of the country's key industries in preparing for the so-called millennium bug. The warning came from a
      Reuters  -  330 words
    • Article
      Lock icon Aussie GDP to grow 2.5% this year: report
      163 15 CANBERRA Bridge News THE Australian economy will continue to outpace global economic growth over the next two years with domestic GDP expected to be 2.5 per cent in fiscal 1998-99 (JulyJune), according to a report from the Commonwealth Bank of Australia. The
      Bridge News  -  163 words
    • Article
      Lock icon Japan home electronics sales jump in Oct
      358 15 TOKYO PC sales soar 43% while department store sales dip 4% Bloomberg JAPANESE home electronics sales rose 13.6 per cent in October from a year earlier, the largest gain this year and a sign that sales of computers and electrical appliances made by
      Bloomberg  -  358 words
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  • FOCUS
    • Article, Illustration
      Lock icon Little dragon savaged by recession
      2868 12  -  In the near term, Hongkong is likely to stay steeped in its unexpected downturn unless its government and people manage a change in mindset By Vikram Khanna [SINGAPORE] HONGKONG'S new airport at Chek Lap Kok is every bit as stunning as it has been made
      FILE PHOTO  -  2,868 words
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      73 13 Liberate M rl A r ~H a company can take you ."i B S approaches to company by Telstra you freedom to We deep, "v t0 y° ur *t j jj We've already 200 of the Fortune companies by thinking beyond technology. I JL I CaW same f° r M^^M
      73 words
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      280 14 1 Nip* (^f^k [nterprisiif^l" r,t A% f\ <?.. rt Jv^ W l <f>fi fv r% /^ififlM&a #Vfl B( LJH^ft^^B^^BL'4^^^^MH R L 40BL Bl BJB BU| BKBgtf- «jH^^BiO M jmbßl Mr OF 1998 The 1998 Enterprise 50 list Salcon Ltd Hai Leek Engineering (Re) Ltd Soil-Build Re Ltd YHI Holdings Re
      280 words
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      179 15 Stt V Bell Ross I I CHRONOGRAPHS Deluxe Eastern Watch Centrepoint. Sincere Watch Ngee Ann City. Sincere Watch Duty Free Singapore Changi Airport Terminal 2. Watches of Switzerland Forum. Information and catalog: Exclusive Distributor: BMI Singapore. Tel 737 3786. Fax 737 7300. e-mati: samben4»hld.fjb.com sg. website: http//www.bellross.com 1 i\ U1
      179 words
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  • THE WORLD
    • Article
      Lock icon Vigorous US spending outstrips Oct wage rises
      484 16 WASHINGTON Pattern seen to point to strong sales in coming holiday shopping season Reuters AMERICANS dipped into savings for a second month in a row in October to keep spending at a pace that outran increases in their incomes, the Commerce Department said
      Reuters  -  484 words
    • Article, Illustration
      Lock icon UK Law Lords deny Pinochet sovereign immunity,
      356 16 LONDON AFP BRITAIN'S highest court yesterday opened the way to extradition proceedings against former Chilean dictator Augusto Pinochet, quashing a lower-court ruling that he has sovereign immunity. General Pinochet was arrested in London on Oct 16 on a Spanish arrest warrant alleging genocide,
      AFP  -  356 words
    • Article
      Lock icon Democrats plan to offer 'censure Clinton' option
      267 16 WASHINGTON Reuters SEVERAL Democrats on the House Judiciary Committee said on Tuesday they intend to offer a resolution to censure US President Bill Clinton rather than impeach him, giving Congress an option short of removing the president from office. "A resolution of censure
      Reuters  -  267 words
    • Article
      Lock icon Britain posts £2.5b record trade deficit as strong £ hits exports
      390 16 Britain posts £2.5b record trade deficit as strong hits exports LONDON Slump in world markets also reduces demand for UK goods Bloomberg BRITAIN'S trade deficit widened to a record £2.5 billion (Ss6.B billion) in September, as the strong pound and the slump in world markets reduced overseas demand for British
      Bloomberg  -  390 words
    • Article
      Lock icon UK productivity catching up
      385 16 LONDON Reuters BRITAIN'S productivity gap with its major trading partners, as highlighted by Chancellor of the Exchequer Gordon Brown in his crusade to shake up industry, may be far smaller than he thinks, according to a new report. In his pre-budget report this month, Mr Brown
      Reuters  -  385 words
    • Article, Illustration
      Lock icon Queueing for their daily bread
      46 16 MOSCOW] A homeless man receivingfree food while others wait for their turn in a queue near St Peter and Paul church yesterday. Many Orthodox churches deliverfree food to homeless and poor people hit by the deep economic crisis in Russia. REUTERS
      REUTERS  -  46 words
    • Article
      Lock icon Russian PM vows tough measures
      322 16 MOSCOW Primakov firm in his drive to tighten state control of economy Reuters PRIME Minister Yevgeny Primakov, taking the initiative while President Boris Yeltsin is sidelined by pneumonia, vowed yesterday to take tough measures to pull Russia out of its economic crisis and crack down
      Reuters  -  322 words
    • Article
      Lock icon Case irrelevant with Netscape sale?
      267 16 THE MICROSOFT CASE Reuters [WASHINGTON] Microsoft's top lawyer called on the US government to drop its antitrust case in light of America Online's agreement on Tuesday to purchase Netscape, and will later seek a dismissal from the judge. Microsoft general counsel William Neukom said the
      Reuters  -  267 words
    • Article
      Lock icon Calm markets prompt rate cut in Chile
      198 16 SANTIAGO Reuters CHILE'S central bank on Tuesday said it cut key interest rates because relative calm had returned to global financial markets and recent data indicated the South American country's economy was slowing. Earlier, the central bank confirmed that it had cijt its
      Reuters  -  198 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      117 16 Cashmere in leather. Or how to advertise your Christmas bonus. c v To celebrate the opening of our new boutique, we are giving away 2 Eastern Oriental Express rail tickets to one lucky customer. Make a purchase of 1000 or more at the Seeger boutiques in Singapore from now until
      117 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Why Nikkei is climbing out of bear market
      605 17  -  THE bottokldvb OPINION By Chita Soon Hock The writer is chief strategist at Sanwa Bank THE Japanese stock market is now in the process of reversing its' nine-year-old bear market dating back to Jan 4,1990, when the Nikkei-225 index peaked at 39,930.
      605 words
    • Article
      IN OTHER WORDS
      168 17 'Democracy does not mean you are free to do whatever you want If the riots go on, it will affect our economic recovery.' -B J Habibie Indonesian president, talking to reporters on Nov 25 at Jakarta's Merdeka Palace 'We've gone through a classic market cycle in a
      168 words
    • Article
      A package with a focus
      882 17 EDITORIAL THE $10.5 billion package of cost-cutting measures announced on Tuesday by Deputy Prime Minister Lee Hsien Loong is not the first initiative to help the Singapore economy weather the Asian economic crisis. It may not be the last either, given the acute uncertainties still
      882 words
    • Article, Illustration
      Lock icon Crisis will worsen if Habibie tries to hang on
      1113 17  -  Indonesians lack confidence in him and his legitimacy to push political and economic reforms By\ Shoeb Kagda The writer isßT's Jakarta correspondent BARELY seven months after rising to the presidency, B J Habibie is faced with a crisis more severe than
      FILE PHOTO  -  1,113 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      841 17 hmrMM> fTinMnin IRAQ has gotten off to a shaky start in honouring its latest pledge to cooperate with UN arms inspections. By. promising Washington that it would halt all interference with the inspectors' search for biological and chemical weapons and prohibited missiles, Baghdad won a lastminute
      841 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon The cult of C S Lewis
      706 18  -  His fans, Christian evangelicals and secular readers alike, prepare to commemorate the British author's 100 th birthday, bubjosie wn.i.Bß reports MARJORIE MILLER LAT-WP WALTER Hooper sits on a bench in the dark-wood recesses of The Eagle and Child pub like a man seated on
      LAT-WP; FILE PHOTO  -  706 words
    • Article, Illustration
      Lock icon Viagra now carries heart risk warnings
      280 18 HEALTH Reuters [WASHINGTON] New warnings about the possible heart risks of taking Viagra have been added to the drug's label, the US Food and Drug Administration (FDA) said on Tuesday. The new label will say patients who have a history of heart attack or
      Reuters; REUTERS  -  280 words
    • Article
      Lock icon Amiss is still amiss, as Casablanca book shows
      356 18  -  BOOK REVIEW By, Ann Hornaday LAT-WP As Time Gom By by MlehMdWfcUb^ CASABLANCA, the World War II romance starring Humphrey Bogart and Ingrid Bergman released in 1942, is one of the most famous accidents in cinema history, a sublime collision of casting,
      LAT-WP  -  356 words
    • Article, Illustration
      Lock icon A dark comedy which pulls no punches
      532 19  -  FILM Meanness is taken to extremes in Very Bad Things by director Peter Berg By\ Steve Murray NYT [NEW YORK] Some people may stumble out of Very Bad Things convinced they've seen the best movie of the year. Others may feel they've seen
      NYT; FILE PHOTO  -  532 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      125 18 GOLD- PFEIL GERMANY From 26 to 29 November, between 2pm and 4pm, B you are cordially invited to meet GOLDPFEIL's Jb acclaimed master craftsman Rudolf Matern as he demonstrates GOLDPFEIL's unique of creating exquisite handcrafted leather products. He will also share invaluable advice on the care and Br maintenance of
      125 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      637 19 Where to wine, dine and entertain... For a karaoke with a difference, visit Singsation Theme Karaoke with its 18 themed KTV rooms. Company (unctions can be held at its Main Hall or Corporate Hall too. j Opening Hours Tuesday Friday 6pm to 2am Saturday 8C Sunday 3pm to 2am (Qosed
      637 words
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      Page 19 Advertisements Column 2
      87 19 L, 24-hour CoUe4 blouse Ist < The Chicken Rice Capital Of The World V ~zt*rr 333 Orchard Road, Singapore *****7. Tel: 737 4411 For only $B.Bo* you can enjoy our Daily Set with a main course, dessert and free soft drink. So visit us and enjoy a different special every
      87 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      841 19 TV&RADIO 2.30 PM TV Innovations. 4.00 Kidz Sesame Street. N 1 Wf I 0.00 Just So Stories. ;>*g UjL SJO Captain Zed And The Zee j.*»w, T |M V Zone. »W #jJlt Aj V. 100 Teletubbies. v i 130 Little Bear. ft 7.00 Holiday: Space 8.00 Earthvisions {National Geographic _3B^B
      841 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      156 19 CRYPTIC CROSSWORD 9 Eponymous winner of the 11 Postscript written by the chi- JBt—Bl Bl ry salesman 23 Wear ties knotted unusually, 27 namnwfi? feU W moUrnfUl 8 Meet criminal by the road- YESTERDAY'S SOLUTION down side (8) Ihlalnldl i IclalpMrlelcl i |t|e] 13 There's merchandise to. sell, BBE|ii|OBBAMRBi MHyRM
      156 words
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  • MOTORING
    • Article, Illustration
      Lock icon Motor stocks are powering ahead of the market
      611 20  -  Prospect of auto boom over next 2 years driving up shares By< Christopher Tan [SINGAPORE] AFTER a long stop at the pit, motor stocks are racing ahead of the market. Powered by unexpectedly improved sentiment and in anticipation of a "motor boom"
      Compiled by BT  -  611 words
    • Article, Illustration
      Slow Merc, BMW sales pull down volume
      293 20  -  By i Christopher Tan [SINGAPORE] The Car Track index slid 3.4 points to 43.7, compared with a relatively resilient 62.6 points this time last year. The index was pulled down mainly by MercedesBenz and BMW, both heavilyweighted components. The two are bearing the
      293 words
    • Article
      The OMV guide
      1091 20 Average OMV of cars registered In October, 1996 MOO&AMDE CC AVE OMV® MOOEL/MADE CC AVE OMV® AUDI A31 6A 1506 19.743 HYUNDAI MXB1T L A 1.486 11.778 AUOIA416A 1,505 ***** HYUNDAI ACCENT L M 1.405 ***** AUDI 80 2.0E A 1.984 20,867 HYUNDAI OOUPE BASE A 1.509
      1,091 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      320 20 i' •v-*- m "s c \A/il~h \/R pnninp vv,u 1 v lj til iy ii it-. .■1 P S||; >M* MMBtttfe,- w Ik an flf VGJV6. The Quiet Achiever: Voted Dime Of The World's Top Ten Engines For Four Consecutive Years. Anyone who knows cars knows that Nissan's packed with
      320 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Elizabeth Sam's early retirement stuns bankers
      516 21  -  She will maintain link with OCBC as non-exec director on bank's board By I Siow Li Sen [SINGAPORE] Veteran banker Elizabeth Sam stunned the Singapore financial industry yesterday by announcing her early retirement. In a statement, OCBC Bank announced that deputy president Mrs Sam,
      FILE PHOTO  -  516 words
    • Article
      S'pore brokers unfazed by HKFE's margin cut
      711 21  -  CEO of HE fntnres maintains move not prompted by Simex threat ffy s Siow Li Sen, Loh Hui Yin in Hongkong FUTURES brokers in Singapore say margins alone will not determine the success of the Singapore International Monetary Exchange's newest contract, the Hongkong
      711 words
    • Article
      Marco Polo may soon become more generous with dividends
      639 21  -  HOCK LOCK SIEW Lee Han Shih LOOKING for companies with a big dividend payout? Try Marco Polo Developments. Marco Polo announced its interim results on Monday. Its dividend for the six months ended Sept 30 was just one cent, unchanged from
      639 words
    • Article, Illustration
      Lock icon Analysts expect SingTel to unveil flat first haS
      634 21  -  Bat they hope it will announce share buyback plan i Catherine Ong [SINGAPORE] Singapore Telecommunications Ltd is expected to announce flat to marginally higher interim earnings tomorrow, which analysts hope could be spiced up with an announcement of a share buyback plan.
      Source: Bloomberg  -  634 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon Renong unit rejects Hilton offer to buy two hotels
        459 22 Faber says price too low; it will try to raise up to RMGOOm through bond sale Bloomberg [KUALA LUMPUR] Faber Group Bhd, the hotel arm of Malaysia's biggest industrial group, said it rejected an offer by Hilton International Co to buy
        Bloomberg  -  459 words
      • Article
        JIT posts 3% rise in interim earnings, Tri-M back in black as turnover soars
        486 22  -  By Ang Wan May [SINGAPORE] Two electronics contract manufacturers yesterday reported better interim performances. Mainboard-listed JIT Holdings' net earnings rose 3 per cent to $9.3 million, while Tri-M Technologies turned its losses into profits of $1.2
        486 words
      • Article
        Lock icon SIA load factor steadies in Oct after 12-mth fall
        318 22 Rise in passenger volume offsets capacity increase Bloomberg (SINGAPORE) Singapore Airlines (SIA) Ltd said yesterday it stemmed a fall in its operating efficiency in October after 12 months of decline, as more passengers offset an increase in capacity. SlA's overall load
        Bloomberg  -  318 words
      • COMPANY Briefs
        • Article
          Ossia to buy 80% stake in HK's Millie's
          133 22 [SINGAPORE] Ossia International has signed a conditional deal to buy 800,000 shares of HK$lO each in Millie's, representing an 80 per cent stake. The vendors, George Goh Ching Wah, Joe Goh Ching Lai and Steven Goh Ching Huat, are executive directors and
          133 words
        • Article
          Marco Polo Devt director cuts stake
          58 22 [SINGAPORE] Marco Polo Developments director David Lawrence has divested 206.000 shares in the hotel and property group, reducing his stake to 0.15 per cent from around 0.2 per cent. On Tuesday, Mr Lawrence sold a batch of 181,000 shares at $2.01 each and another
          58 words
        • Article
          NEL director sells shares
          66 22 [SINGAPORE] Nat Steel Electronics director Lin Chien has sold 150.000 shares in the company in two batches. The first batch 0f50,000 shares were sold on Monday while the second batch of 100,000 shares were sold on Tuesday, both at $3.60 per share. The director now has
          66 words
        • Article
          Thakral to be made CPF trustee stock
          40 22 [SINGAPORE] Thakral Corporation will be granted trustee stock status by the Central Provident Fund Board on Dec 1. As announced previously, Thakral's shares will be traded in Singapore dollars instead of US dollars.
          40 words
        • Article
          Flextronics to offer 5m shares in US
          59 22 [SINGAPORE] Singapore-based Flextronics International has filed on Tuesday a registration with the US Securities and Exchange Commission for an offering of five million ordinary shares, reported Reuters. "Hie proceeds will be used for working capital requirements, capital expenditure, acquisitions and debt repayment. The
          59 words
        • Article
          Transit-Mixed Concrete interim up 11%
          85 22 [SINGAPORE] Transit-Mixed Concrete reported an 11 per cent rise in net profit to <1.67 million in the financial half ended August 1998 while pre-tax profit rose 19 per cent to $2.14 million. The firm said profits were boosted by lower costs. But revenue fell 26
          85 words
        • Article
          Lock icon KL expands on Dec 1 shares deadline
          127 22 Bernama [KUALA LUMPUR] The Securities Commission and the Malaysian Central Depository yesterday clarified that certain categories of shares need not be deposited with the MCD by the Dec 1 deadline. For instance, there was no need to deposit by the deadline if the
          Bernama  -  127 words
      • Article, Illustration
        Lock icon Era ends at PLDT as First Pacific takes over
        395 22 Bloomberg [MANILA] More than three decades ago, Ramon Cojuangco led a group of Filipino businessmen who bought control of Philippine Long Distance Telephone Co from GTE Corp of the US. On Tuesday, that era came to a close when Mr Cojuangco's
        Bloomberg; FILE PHOTO  -  395 words
      • Article
        Petronas Gas' interim earnings slips 2.6% to RM481.6m
        272 22  -  Results slightly below expectations of RMI.OGb for full-year profit Fnnn Ruth Wong in Kuala Lumpur MALAYSIAN state-con-trolled gas processing and transmission firm Petronas Gas yesterday reported a 2.6 per cent drop in net profit to 481.63 million Malaysian ringgit (*****.6 million) for
        272 words
      • Article
        Lock icon Thai finance firm plans to delist
        105 22 Reuters [BANGKOK] The board of Thailand's Phatra Thanakit yesterday said it has formally approved the delisting of the company's shares from the Stock Exchange of Thailand. It said shareholders will be asked to approve the delisting at an extraordinary meeting set for Jan 13.
        Reuters  -  105 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Siam Cement sets up 7 new holding firms in revamp
        464 23 Petrochem, cement, paper to be new core sectors; unprofitable non-core businesses will be sold AFP [BANGKOK] Thailand's biggest conglomerate, Siam Cement pic, yesterday announced a major restructuring with the setting up of seven new holding companies to oversee the group's
        AFP  -  464 words
      • Article
        Lock icon Esprit plans bigger Asian stores as rents fall
        617 23 HE retailer also slashing prices to boost market share Bloomberg [HONGKONG] Esprit Holdings, one of the few retailers that's held its own as Asia tumbles into recession, plans to take advantage of sliding rents to double the size of its 293 regional
        Bloomberg  -  617 words
      • Article
        Lock icon China auto firm buys arcade operator
        142 23 Bloomberg [HONGKONG] Brilliance China Automotive Holdings Ltd, a Chinese minibus maker listed in New York, agreed to purchase a controlling stake in Whimsy Entertainment Co Ltd, an unprofitable amusement arcade operator, for HKS2B.9 million (Ss6.l million). Whimsy said in a statement Brilliance will pay
        Bloomberg  -  142 words
      • Article, Illustration
        Lock icon Wireless, Net technology is future wave: Ericsson
        555 23  -  Ihj Catherine Ong [SINGAPORE] Phone companies must be prepared to cannibalise their profitable fixed-line services if they want to be a player in tomorrow's telecommunications market where the demand will be for wireless communications combined with Internet technology, said the president and chief
        CHRIS LOH  -  555 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US corporate insiders snapping up shares
        516 24 Pace of buying is strongest in almost 8 years, indicating Dow rally won't lose steam soon Bloomberg [NEW YORK] US executives ranging from billionaire Warren Buffett to directors at teen clothing retailer Gadzooks are buying shares in their companies at the strongest pace in
        Bloomberg  -  516 words
      • Article
        Lock icon Dow Jones to lay off 118 staff, close US offices
        209 24 Bloomberg [NEW YORK] Dow Jones Co is cutting costs by firing 118 employees, closing offices and using an outside company to handle subscription telemarketing for the Wall Street Journal and Barron's. It will take an after-tax charge against fourth-quarter earnings
        Bloomberg  -  209 words
      • Article, Illustration
        Lock icon Rhone-Poulenc, Hoechst in tie-up talks
        354 24 Move could create world's 2nd biggest drugmaker Bloomberg (PARIS) Leading drugmakers Rhone-Poulenc SA of France and Hoechst AG of Germany are in talks to combine their drug and agrochemicals businesses, a move that would create the world's second-big-gest drugmaker behind Merck Co in terms of
        Bloomberg; AFP  -  354 words
      • Article
        Lock icon US paper giant buys rival for US$6.6b
        295 24 FT [NEW YORK] International Paper, the largest US paper manufacturer, is buying Union Camp, one of its competitors, in an agreed allstock deal valued at US$6.6 billion (Sslo.B billion), including debt. The move triggered speculation on Wall Street that the long-expected consolidation in
        FT  -  295 words
    • FOCUS: MONEY MATTERS
      • Article, Illustration
        Lock icon Greenback likely to test top of range again
        1002 25  -  But regional currencies will keep firm tone with booming bourses By Larry Wee THE greenback continues to test extremes of its current trading range: Up first, then down, and now probably up again. We warned of its run-up towards 125 yen a
        Source: HypoVereinsbank  -  1,002 words
      • Article
        Case for an Asian capital market
        777 25  -  how By] Larry Wee [SINGAPORE] Asian borrowers, like most European ones, have traditionally relied on the stock market, but more so their friendly bankers, to provide the necessary funding for their business plans. But surely one of the most important lessons that should have
        777 words
      • Article
        Whither regional currencies in '99?
        383 25 LAST week, IDEA asked forex market players where Southeast Asian currencies will trade at end-June, and end-Decem-ber, 1999. Two trends emerged: none are expected to come under heavy attack again; but none are expected to strengthen significantly from current levels either. Some may even have
        383 words
      • Article
        Lock icon THE WEEK AHEAD
        364 25  -  Compiled by Larry Wee Sources: ABN Amro (ABN), ANZ Investment Bank (ANZ), Deutsche Bank (DB), Independent Economic Analysis Holdings (IDEA) and MMS Int'l (MMS) United States Today: Trading this week is likely to be quieter because of the major Thanksgiving Day holiday today. Futures markets for both
        Sources: ABN Amro (ABN),; ANZ Investment Bank (ANZ),; Deutsche Bank (DB),; Independent Economic Analysis Holdings (IDEA); and MMS Int'l (MMS)  -  364 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Bumper harvest, bitter aftertaste
        52 26 [SYLHET, Bangladesh] Women returning home after plucking tea leaves at a plantation in Bangladesh's north-eastern Sylhet district. Bangladeshi traders say tea prices have been falling in weekly auctions held in Chittagong because of bumper harvests in Bangladesh and other producing countries including India, Sri Lanka and
        REUTERS  -  52 words
      • Article
        Lock icon Nikko may merge two asset management units
        254 26 Bloombergg [TOKYO] Nikko Securities Co, Japan's third-biggest brokerage, may merge its two asset management units next year to form a 10 trillion yen (*****.6 billion) asset manager. The company, one-quarter owned by Citigroup Inc of the US, is increasing investment in its asset
        Bloombergg  -  254 words
      • Article
        Lock icon Deutsche may need 6b marks in fresh capital
        537 26 DEUTSCHE BAMK-BAMKERS TRUST MERGER German bank mulls asset sales, loans, stock offering to pay for planned merger Bloomberg, AFXAsia [FRANKFURT] Deutsche Bank AG, which has agreed to acquire the Bankers Trust Corp of the US, said it is considering the sale of
        Bloomberg,; AFXAsia  -  537 words
      • Article
        Lock icon EU banks scramble to fight competition
        468 26 More deals seen as they strive to carve out positions in US NYT [FRANKFURT] Deutsche Bank AG's US$9.7 billion (5515.9 billion) bid for Bankers Trust of New York is merely the most visible sign of a much broader upheaval in European finance. From Swiss
        NYT  -  468 words
      • Article
        Lock icon US hedge fund D E Shaw seeks buyer for equity-linked unit
        389 26 Move reflects ongoing stakeout in hedge fond industry NYT [NEW YORK] D E Shaw Co, a big New York hedge fund and broker, is seeking a partner or buyer for its stock-re-lated trading business, an indication that the shakeout
        NYT  -  389 words
      • Article
        Futures take a breather from rally
        192 26  -  Report MS& Singapore Index Bob Butcher, Jardine Fleming AS Wall Street took a breather from its string of higher days so did the Singapore market. The futures opened at 211.00, near its high of 212.60. The market made a low of 207.00 and closed
        192 words
      • Article
        Trading volume hits record high
        179 26  -  MSGI Taiwan fatores Perry Gilbert, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract yesterday hit a record high in its trading volume at 17,368 contracts. This surpasses the previous record of 16,042 contracts traded on Aug 25. The contract looked slightly nervous yesterday
        179 words
      • Article
        Lock icon Oil prices slightly up from 12-year lows
        270 26 ENERGY REPORT Reuters [LONDON] World oil prices stumbled a shade higher yesterday morning as the seemingly powerless producer group Opec (Organisation of Petroleum Exporting Countries) struggled to halt a slump that took prices to fresh 12-year lows late on Tuesday. World benchmark Brent
        Reuters  -  270 words
      • Article
        Lock icon CURRENCY REPORT
        271 26 AFP, AFX-Asia, Reuters London THE dollar continued to be well bid against major currencies, albeit in thin trade, following the release of another set of buoyant US data yesterday. Existing home sales rose 2.1 per cent in October to a seasonally adjusted annual rate of 4.79 million units,
        AFP,; AFX-Asia,; Reuters  -  271 words
      • Article, Illustration
        Untitled
        1228 26 IMTBRBAMM CROSS EATBB Nov 25 AS C$ —> ICW ffr P» HK$ Yon Won »M «$*>■» N» S$ U* Mr lit Australia 0.995 6.17S 0.555 3.669 1.094 4.974 ***** 48.041 0.77ft 8.020 2.441 1205 ***** ***** 1052 3458 0.902 20.870 ***** 0.387 0442 Canada 1005 5.35ft 0.558 3.685 1099 4.997
        1,228 words
    • Article
      COMMODITY PRICES
      1980 27 ui" r nooM futures am RUMCR (Mm ctasmq u rt 5.30pm) RSS1 CONTRACTS ctMsAg) Close Volume Open Moiitfc High Low Sett (tonnes) Interest OK 90 109 50 450 JM 99 110.25 550 f«*99 moo m.oo 111.00 600 1075 Mir 99 112.75 1175 Apr/Jwi 99 117.50 2250 JoJ/Sop 99
      1,980 words
    • Article
      WORLD STOCK MARKETS
      2559 27 UWOH Mistrials »e» IS hKi 31 Group S33.000 -24.400 AB Ports 312.000 10.000 1292.460 -24.540 AlHed Domecq 523.400 -2.600 AIIltd Zurich 824.000 -2.000 Amec 170 000 -0.400 Asda Group 155.600 -0.400 BAT Ind 550.000 5.000 BG Ptc 425.000 -4.400 BICC 67.000 -0.400 BOC Croup 890 000 -2.000
      2,559 words
    • Article
      Lock icon TOKYO
      1645 27 Bloomberg □Nikkei 225 -»Ll7 STOCKS slumped after Tuesday's rally pulled the benchmark to a three-month high. Honda Motor Co, Sony Corp and other exporters slid as investors bet share prices had outpaced earnings prospects. Honda and Sony accounted for a quarter of the Nikkei 225's decline, hurt by a
      Bloomberg  -  1,645 words
    • Article, Illustration
      Lock icon HONGKONG
      1541 28 Reuters, AFP O Bug Stag -*****2 STOCKS erased initial gains to close lower yesterday as profit-takers moved in after the index failed to break key resistance levels and in the wake of recent gains, brokers said. The Hang Seng Index lost 130.72 points, or 1.20 per cent, to end
      Reuters,; AFP  -  1,541 words
    • Article, Illustration
      Lock icon CHINA
      600 28 Reuters, AFX-Asia ClSkMkißMii -L 32 SHENZHEN'S hard currency B Share Index closed down sharply yesterday as foreign investors sold large-capi-talisation stocks to shift funds into other regional markets, analysts said. The B Share Index lost 1.32 points to 60.42 on turnover of HK$lO.l million. "Turnover has gradually expanded in
      Reuters,; AFX-Asia  -  600 words
    • Article
      Lock icon TAIPEI
      393 28 Reuters □WTlifa -***** TAIWAN'S state-engineered stock rally hit a sudden 3 per cent setback yesterday after the market reported fresh stock payment defaults exceeding NT$4 billion (Ss2oo million). Sharp last-minute buying averted a bigger loss. The Weighted Price Index closed down 222.34 points or 2.99 per cent at 7,213.50.
      Reuters  -  393 words
    • Article, Illustration
      Lock icon JAKARTA
      699 28 AFP IJOwißoatelateg -3170 INDONESIAN shares plummeted 7.8 per cent yesterday on heavy profit-taking following strong gains in the previous days and Wall Street's overnight fall, dealers said. "I think this is purely profit-taking after the market was boosted by liquidity recently," Sassoon Securities head of sales Kok Heng Loong
      AFP  -  699 words
    • Article, Illustration
      Lock icon BANGKOK
      778 28 AFP SET Intel +7.38 THAI share prices rose 1.9 per cent yesterday on late speculative buying in the banking and finance sectors. Analysts said volumes were bolstered by foreign investors and last-minute bargain hunting by retail players. "The market gained due to last-minute speculative buying in banking and finance
      AFP  -  778 words
    • Article
      Lock icon MANILA
      295 28 AFX-Asia £Ji Manila -2.71 SHARE prices closed marginally lower on profit-taking after several days of gains. The Composite Index closed down 2.71 points at 1,958.54, reaching a low of 1,925.86. Volume reached 3.2 billion shares worth 5.2 billion pesos. Declines led advances 47 to 49, with 37 stocks unchanged.
      AFX-Asia  -  295 words
    • Article
      Lock icon SEOUL
      418 28 AFP +123 SHARES rose 0.7 per cent yesterday, led by the construction sector on reports the government plans to ease restrictions on green belt area development, dealers said. The Korea Stock Exchange Index closed up 3.23 points at 464.01. The benchmark corporate bond yield was down at 9.45 per
      AFP  -  418 words
    • Article
      Lock icon SYDNEY
      580 28 AFP Q All Ordinaries -10-8 AUSTRALIAN share prices fell 0.4 per cent yesterday in line with Wall Street, with brokers also citing some prof-it-taking across the session. The All Ordinaries Index lost 10.8 points to finish at 2,749.4. National turnover totalled 365.60 million shares worth Asl.2 billion. The All
      AFP  -  580 words
    • Article
      Lock icon WELLINGTON
      254 28 AFP nWeHiip(t» -13J7 NEW Zealand shares closed down 0.7 per cent yesterday after aimless trading, with the market's biggest company, Telecom, leading the way down. The NZSE-40 Capital Index was down 13.97 points at 1.981.74, on a total turnover of NZ588.37 million.—AFP m mm AN2 6am.ln« 12.60 -0.11 100
      AFP  -  254 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9127 29 —UITKU.I CMSMMf products 1998 Last Vol Day Nat Cap High Law Company Jala 'OOO High Low P/C $mll 310 170 Ajmomoto 290 20 24 290 276 16.0 117.5 148 35 Angkasa 77 7 230 77 70 113.5 290 123 Apollo Food Hlg 250 13 16 250 240 8.7 100.0 388
        9,127 words
      • Article, Illustration
        Lock icon Shares breach the 500-point level
        420 29 AFP, Bernama ft Composite Index +12.49 SHARES surged yesterday to breach the 500-point barrier on follow-through buying by local institutional funds, dealers said. The Composite Index rose 12.49 points to finish at 502.15, off a low of 484.80 points. The Second Board Index was up
        AFP,; Bernama  -  420 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2628 30 BONOS, LOANS i WARRANTS 1 m 1998 Last Vol Day La»t Quot* Avg Miqh Low Stno Company Sat* tot- COOO) Htgh Lcm Buy*' Seller Pice 20.5 3 3160 "Acer ******1 USS >3.5 -1 134 14.5 13.5 13.5 14 95 4.5 3164 Acme ******4 17.5 -0.5 148 18.5 17 17 17.5
        2,628 words
      • Article
        Hai Sun Hup wrt has some clean numbers
        194 30  -  WARRANT WATCH R Sivanithy FINDING value in the market is now getting increasingly difficult, given the recent rally. The property, finance and electronics sectors have had their day and are starting to look a mite overstretched. Shipping and hotels are other sectors
        194 words
      • Article
        CLOB INTERNATIONAL
        216 30 HOMKOM STOCKS Gr Or >998 UMt Vol Day Lttt Ouott Otv Mv VM Not M Co» High Lam Stwo Compowy tg» COOOl H>» Low Buyof S<»r C'or P/t Smd 400 250 5123 CDL (2000) HK 400 8.0 2.4 2.0 20.5 7744.7 5124 C<ttttyPoc20cHK_720 265.0 2.1 7.4 6.0 *****.4
        216 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6076 31 Transaction date: Nov 25 j Cf Or M *ft 99e List Vol Day Last Oust! Dlv Otv VM Net Cap Ayq Hign Law StNo Company SaK COOO) Mtfh L— Buyer Seller Cw P/I MULTI-INDUSTRY 142 49.5 ml 1000 AcmaSOc 81.5 -0.5 652 84.5 80
      6,076 words
    • Article
      SESDAQ
      1219 31 Or Or M Wt Last V« Day L*>t Ouot. Mv Oto YM Mot Cap Av« High Low StNo Company Sato COOP) H»g» Law 8«yar Salar Cw E/t $m« Prlco MANUFACTURING 243 30 o 2049 AS Auto Kk 129 2 4791 135 127 128 129 15.0N 7.0 1.2 12.2 147.3
      1,219 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        337 32 Stocks Volume Datapulse 5c 39,299,000 CofflfortGrp 25c 16,926,000 SembCorpI 25c 16,208,000 SingTel 15c 15,592,000 MM! Hldgs 10c 14.469,000 Frt Links 20c 12,352,000 •TanChonglnt50c 11,502,000 Brilliant 8c 11.345.000 Excel 20c 11,323.000 Wing Tai 25c 10.685,000 Stacks DOB Foreign 43,010,400 SingTel 15c 42,570.811 SefflbCorpI 25c 32,054,188 Keppel Corp 31,738,144 SPH 27,893,728 Datapulse
        337 words
      • Article, Illustration
        Rally comes to a halt amid weakness on Wall Street
        634 32  -  Market finds no surprises in cost-catting package; transport counters spring into action, brokers see volatility ahead as year-end approaches STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] A weak overnight Wall Street and a government costcutting package that held few surprises
        634 words
      • ON THE GRAPEVINE
        • Article
          Tough ride not over?
          89 32 GOING by this tale, the worst is not over. It seems a top car distributor in town has seen "several" cancellations of bookings because the customers have been retrenched. These buyers obviously did not have the slightest clue as to what was coming their way. Otherwise,
          89 words
        • Article
          US firm take a hit
          78 32 THE American Chamber of Commerce in Hongkong has decided to freeze membership dues next year in view of "these difficult times". So it looks like the regional crisis has finally hit American firms which were once thought to be quite immune to it AmCham Hongkong,
          78 words
        • Article
          Hotel protocol
          96 32 A LARGE part of the basement carpark of the Orchard Hotel was cordoned off on Tuesday evening and manned by men wearing arm-bands and white gloves. Visitors to the hotel were asked to park their cars in the bowels of the hotel basements three and four. When asked
          96 words
        • Article
          A sweet legend
          112 32 DID you know that one of Belgium's most famous chocolate companies, Leonidas, is actually Greek? Although its logo depicts Leonidas, a king of the ancient Greek state of Sparta, the chocolates are named after its Greek founder, Leonidas Kestekidis, who emigrated to the US at the beginning
          112 words
      • Article, Illustration
        HOT STOCK
        77 32  -  by Shiv Taneja OATAPULSE Technologies was ttie top volume gainer yesterday, closing two-and-a-half cents lower at 54.5 cents, on a volume of 39.3 million shares, compared with its 10-day traded average of 2.8 million shares. The counter is headed into overbought territory. However, if it is able to
        77 words
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      Page 22 Advertisements Column 1
      40 22 B V LG A R I The Bvlgari-Bvlgari watch Available in Singapore at Bvlgari. Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and Dickson Watch Jewellery, The Promenade 732 8900 C entrepoint 734 5822 Suntec City Mall 336 4871
      40 words
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      Page 23 Advertisements Column 1
      54 23 Zf Congratulations 1 Yong Tai Loong (Pte) Ltd Award -1998 Sin^port'* Enterprising Sp' rl From Dr Liu Cho Chit Chang Kin Koon Yip Ho Meng ft*? 4 HOE HUAT HOLDINGS PTE LTD 6 New Industrial Road #08-02, Singapore *****9 U Hoe Huat Industrial Building Tel: (65) 289 2288 (6 lines)
      54 words
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      Page 23 Advertisements Column 2
      236 23 I THE SPLENDOUR OF A TRUE MASTERPIECE LASTS FOREVER For over 150 years, Cartier has been synonymous with the finest and most exclusive jewellery, timepieces and luxury accessories, many of which have been sought after by collectors and admirers around the world. <1 Today, with the new establishment of "Cartier
      236 words
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      Page 24 Advertisements Column 1
      1214 24 I I j *l4jf I I IrZll bank bumiputra Malaysia berhad I H (INCORPORATED IN MALAYSIA HEAD OFFICE KUALA LUMPUR) I I Balance Sheets As At 31 March 1998 Profit And Loss Accounts For The Year Ended 31 March 1998 I Group Bank Group Bank H 1998 1997 1998 1997
      1,214 words
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      Page 25 Advertisements Column 1
      5 25 Next week: Attracting the buyers
      5 words
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      Page 25 Advertisements Column 2
      135 25 vfr 91 IB j jssS Francois Mauss of Grand Jury Europeen g IS together with Jj Grand Hyatt Singapore Corndale Consultants Pte Ltd have great pleasure in welcoming the following Italian Piedmont Producers g at tonight's grand event, the Piedmont Winemakers' Dinner, at Mezza9 f ni fen K aaa a®
      135 words
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      Page 29 Advertisements Column 1
      54 29 The KLSE scoreboard can be found at the following Internet address: www. Asia l.com. sg btstocks Hr LtH |JT Ji 11 MJ I X*% M• L M.l m 1 i ■''j >T J i i[•j#l• j I T• Im] 11 Ml. I |V« J |fl |T»j M] J• 11 l
      54 words
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      Page 32 Advertisements Column 1
      418 32 BUSINESS Notices To advertise call toll-free 1800-741 1883 THE COMPANIES ACT, CAP. 50 CHARMAIGNE CENTRE DE BEAUTE PTE LTD (In Liquidation) At a general meeting of CHARMAIGNE CENTRE BEAUTE DE PTE LTD duly convened and held on the 24th day of November, 1998 the following special resolution was passed: SPECIAL
      418 words
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      Page 32 Advertisements Column 2
      429 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLOBAL PACIFIC FORWARDING (S) PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of the members of GLOBAL PACIFIC FORWARDING PTE LTD duly convened and held at 257 Selegie Rd *06-277 Selegie
      429 words
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      Page 32 Advertisements Column 3
      915 32 V////////////////////////M^^^^ I THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES [Jj~T CHASE MANHATTAN (S.E.A.) LIMITED NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the "Companies AcH that at an Extraordinary General Meeting of Chase Manhattan (S.E.A.) Limited (the "Company")
      915 words
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      Page 32 Advertisements Column 4
      352 32 (INCORPORATED IN SINGAPORE) NOTICE OF MEETING OF CREDITORS PURSUANT TO SECTION 29* OF THE COMPANIES ACT, CAP.» CREDITORS'VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN pursuanl lo Section 296 of the Companies Act. Cap SO. thai a meeting of creditors of the abovenamed Company will be held al 30 Pnnsep Street
      352 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      318 33 Bridge News, Reuters TRADE continued at a slow pace on Tuesday afternoon, with a handful of brokers reporting it has been quiet and "not much happening". A couple of brokers said a flurry of last-minute activity may surface before the US holiday today, but this is yet to
      Bridge News,; Reuters  -  318 words
    • Article
      MARITIME STOCKS
      296 33 SU '000 ma w CWT Distribution 0.54 *0.05 811 Chuan Hup 0.545 -0.005 539 Cosco Invastmant... 0.53 -0.005 4 Fraight Links 0.22 *0.015 ***** 06Ho»«n«a 0.44 -0.005 96 H»l Sun Hup 0.5 *0.015 1152 HKacM Zosan 0.755 *0.04 1363 IMC Holdings HK 5.6 Jaya Holdlngj 0.57 *0.01 144
      296 words
    • Article
      Call for more transparency in data on deaths at sea
      510 33  -  Flag states should publish more reports in light of dearth of statistics: former UK surveyor general By\ Felix Chan [SINGAPORE] A former British surveyor general has called for greater transparency in the gathering of statistics relating to the loss of
      510 words
    • Article
      Transpacific group to raise surcharges
      261 33  -  Fee hike for Japan, Taiwan-bound cargo due to appreciation ofyen,NTS:TWRA By\ Marcus Hand [SINGAPORE] Ocean carriers in the Transpacific Westbound Rate Agreement (TWRA) are to increase currency surcharges on Japan and Taiwan-bound cargo, while at the same time lowering fuel surcharges for all Asian destinations.
      261 words
    • Article, Illustration
      Keppel Hitachi Zosen aims to be in world class league
      754 33  -  SHIPSHAPE Hy\ Rahita Elias WHEN the call to return to Keppel came earlier this year, Charles Foo was working in Shanghai as Lloyd's Register of Shipping's senior principal surveyor and chief representative for China. He had been working with the
      754 words
    • Article
      Lock icon Vessels stranded as strike cripples key Brazilian port
      291 33 Loading of nearly 250,000 tonnes of sugar frozen Reuters [SAO PAULO] A crippling strike at Brazil's key port of Santos left 20 vessels paralysed and another 11 waiting to dock offshore. The strike which began on Tuesday morning froze loading of nearly
      Reuters  -  291 words
    • PORT Shots
      • Article
        Lock icon Port Klang urged to be more active
        109 33 Bridge News [KUALA LUMPUR] Malaysia's main port—Port Klang has been urged to increase its contribution to the economy by boosting its shipping and non-maritime activities. Transport Minister Ling Liong Sik said on Tuesday that Malaysian ports contributed only 1.59 per cent of tiie
        Bridge News  -  109 words
      • Article
        Lock icon MISC invited to take part in feeder firm
        82 33 Bernama [KUALA LUMPUR] Malaysian International Shipping Corporation Bhd will be invited by the government to participate in the proposed national feeder company, Transport Minister Ling Liong Sik said. The transport ministry was discussing with many shipping firms to get feedback on the
        Bernama  -  82 words
      • Article
        Warning for ships in China waters
        114 33 [HONGKONG] Hongkong Shipowners' Association director Arthur Bowring has warned that ships in Chinese waters must carry full cargo documentation at all times. He is quoted in the latest report, "Piracy and Armed Robbery against Ships", from the ICC International Maritime Bureau. He believes there
        114 words
    • Article, Illustration
      Lock icon Differing visions of the future
      879 34 PASSENGER JETS Boeing sees no demand for supeijumbo, but Airbus wants to build a double-deck behemoth to seat up to 800 people FILE PHOTO NYT [NEW YORKI THE jetliner of the future will be a dou-ble-deck behemoth flying 500 to 800 people in three classes
      FILE PHOTO; NYT  -  879 words
    • Article
      SHIPPING SCHEDULES INDEX
      231 34 PAGE Donqnama 3 ACL 6 ECL 5 ami 3 Evergreen 6 Accord 8 foomjSw 8 Appenship 5 Link Austral 8 Cemartrans 8 Balaji Shpg 4 HaiSunHup 8 BSA 7 mno' 1 7 B'tanq Mas 8 3 CCNI 7 "wnq-A 7 CM* 8 Hyundai 7 COSCO 5 ICFS
      231 words
    • Article
      SHIPPING GUIDE
      19869 41 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser V«»< Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Nam* Name Number Number SIN Destn Name Nm* Number Numb* To BRISBANE (BNE) 2058 Australia To ABIDJAN (ABJ) 2003 Cot* D'lvolre 2m K ru msc a,* msc Melbourne v.oosa 65-*****50 30/n
      19,869 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        716 45 Vessel Voy No Berth Arrival Departure ton Lurt 06/98* J Tw 26.11/1000 26.11/2300 ikrtrcdoiphin 15/98 J03 25.11/2100 26.1V0700 u lu Serava 4898 J03 26.11/0800 26.11/2000 Bt Bo J *****8 J01 26.11/0800 26.11/1300 Bt Ca ttuOa *****8 J01 26.11/0800 26.11/1300 Bt Handi Jay ***** J01 26.11/1330 26.1V2000 St JaDalraM
        716 words
      • Article
        CONTAINER SCHEDULES
        1850 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Mo Etb/Btr Period Frora To From fci 0*.s» 017B 28/1500 2A 25/1700 24/0659 26/0900 MU Y U 21 25/1700 26/0659 26/0900 J 26/0700 26/T159 26/1400 4 26/1200 26/1459 26/1700 *Umnv»2 8317N 27/0700 2A 25/1700 26/0659 26/0900
        1,850 words
      • Article
        GLOBAL HOLIDAYS
        211 45 Nov 26 United States: Thanskgiving Day. Nov 30 Philippines: Bontacio Day. Deo 8 Austria: Ammuculate Conception Deo 12 Mexico: Virgin of Guadalupe (optional). Dec 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Dec 25 Netherland: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia:
        211 words
      • Article
        COCKETT BUNKER MARKET REPORT
        921 45 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 average-sued stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        921 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        469 45 C*** 180 Max 993.2 0.7 17.4 0.10 59 0.05 Maw >a Dtniitv Water Residue Ash Aluminium Stdimtflt No ibov? E25 10 2 !fli2 2222—222—222! 380 Ayc 987 4 0J 50 0.06 30 0.02 380 Mai 995.2 0.8 19.3 0.11 61 0.06 »t/M'3 V/V m/m m/m mi
        469 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon KLM's Alitalia venture to boost revenue'
        173 46 Reuters [AMSTERDAM] KLM Royal Dutch Airlines' planned joint venture with Alitalia will quickly deliver an extra 730 million guilders (Ss62o million) in annual revenues, Dutch newspaper Trouw reported on Tuesday, quoting internal studies. KLM declined comment on the report. The two airlines will unveil
        Reuters  -  173 words
      • Article, Illustration
        Lock icon HK to extend contracts for airport management
        328 46 Senior managers to get 6 more months, despite chaos at new airport's opening AFP [HONGKONG] The Hongkong government yesterday said it was extending the contracts of the Airport Authority's management team as enquiries into the chaos surrounding the new airport opening continue. Most
        AFP; REUTERS  -  328 words
      • LOG Book
        • Article
          Lock icon Cathay to fly to SF daily from KL
          152 46 Bernama [KUALA LUMPUR] Cathay Pacific Airways is all set to begin Its new daily flight from Kuala Lumpur to San Francisco via Hongkong from Dec 1. The Hongkong airline currently provides daily flights from Kuala Lumpur to Los Angeles and Vancouver, and
          Bernama  -  152 words
        • Article
          Lock icon Taiwan firm, GM sign deal
          129 46 Bridge News [TAIPEI} Taiwan's Chinese Automobile Corp And General Motors Taiwan yesterday signed a contract that will enable GM to cooperate more closely with and participate more widely in the operation of Chinese Automobile* according to a General Motors statement released yesterday. GM's announcement was
          Bridge News  -  129 words
        • Article
          Lock icon MAS to release Sept results on Monday
          37 46 AFX-Asia [KUALA LUMPUR] Malaysian Airline System Bhd is expected to release its six months to September results on Nov 30, company officials said. No other details were available. —AFX Asia
          AFX-Asia  -  37 words
      • Article
        Lock icon US Airways seeks nod for Milan non-stop route
        176 46 Bloomberg [WASHINGTON] US Airways Group Inc asked the United States government for permission to begin daily, nonstop service to Milan, Italy, from its Philadelphia hub. The carrier Is proposing to use 203-seat Boeing 767 aircraft on the route. If approved, the route
        Bloomberg  -  176 words
      • Article
        Lock icon France paid Toyota 2b francs for plant: report
        117 46 Bloomberg [PARIS] Toyota Motor Corp, Japan's biggest automaker, received nearly two billion French francs (***** million) from the Paris government as an incentive to set up a plant near Valenciennes, in northern France, said French weekly magazine ParisMatch. France paid Toyota 900,000
        Bloomberg  -  117 words
      • Article, Illustration
        Lock icon ANA may shift int'l flights to subsidiary to cut costs
        320 46 Move follows similar decision last month by rivals JAS Bloomberg [TOKYO] All Nippon Airways (ANA), Japan's secondlargest airline behind Japan Airlines, said it may shift its international flight operations out of Osaka's Kansai International Airport to a subsidiary as a
        Bloomberg; AFP  -  320 words
      • Article, Illustration
        Lock icon PAL wants 'best partner'
        383 46 Airline in search of better deal after Cathay impasse AFP [MANILA] Philippine Airlines (PAL) is shopping around for a better foreign partner. President Joseph Estrada said yesterday after the flag carrier's negotiations with Hongkong's Cathay Pacific Airways Ltd stalled. "I heard PAL chairman Lucio Tan is
        AFP  -  383 words
      • Article
        Lock icon Continental sues over 'sizers'
        247 46 Bloomberg [HOUSTON] Continental Airlines Inc, the No 5 United States airline, sued Delta Air Lines Inc, seeking to remove devices at San Diego International Airport that prevent larger carry-on luggage from passing through security monitors. Houston-based Continental accused Delta, the thirdlargest US airline, of restricting Continental
        Bloomberg  -  247 words
      • Article
        Lock icon Nissan develops new cruise control system for cars
        134 46 Reuters [TOKYO] Nissan Motor Co Ltd said yesterday it had developed a cruise control system that automatically maintains a set distance from the vehicle in front. It plans to commercialise the system in a luxury car to be launched next summer. The
        Reuters  -  134 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1895 46 CITY fUOHT ETA FLIGHT CTO S***** 2359 mmm cvm 2005 f*wu mum trg sowo 000 Adtlalda BA7381 1930 BA7382 2050 Guanqzhou PRC S0803 1915 CZ352 0835 0F81 1930 0F82 2050 CZ3S3 2035 S0804 1015 AN8229 2230 Hanoi VN741 1310 VN740 WW LH6380 2230 VW743 1925 L
        1,895 words
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      21 33 Jumbo jet differing visions of its future While Boeing sees no demand. Airbus wants to build a 800-seater behemoth. Page 2
      21 words
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      Page 33 Advertisements Column 2
      415 33 Extension for HK airport managers Senior managers to get six more months, despite chaotic opening at new airport. BaokPafe New Show New Technology HH New Opportunity Make plans today for The International Workboat Show Singapore 10-12 March 1999, Singapore Expo The International Workßoat Show and Conference Singapore is positioned to
      415 words
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      780 34 I IMPORT I NORTH AMERICA-! I QULF/INDIAN SUB-CONTINENT SUPER SHUTTLE EXPRESS I |GULF KARACHI EXPRESS (QKX) vtssa VOYAGE 5 SIN*"""" VESSEL VOT JCA DMN lAH WD KAR COt PKG SM OOOMPAN 20W545 11/11 20/11 NYK VIRGO uT" 11/11 13/11 13/11 15/11 20/11 24/11 21/11 20/11 ooa CHINA 27W546 11/11 M/
      780 words
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      Page 34 Advertisements Column 2
      700 34 a me I-BS®-) by Members o» the Registry o» r«i Stngapore Freight Forwarders Accredited Shipping Agents Association 2/ Singapore Shipping Associaton CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess IJh V 0798 29/11 30/11 OK 12 Princess Llh VOB9B 21/12 2f12 29/12 LILY MARINE SERVICES
      700 words
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      Page 35 Advertisements Column 1
      1059 35 SAX SERVICE (DIRECT) Ivcsa vot smeia uu o>m ixu. I hou |ch Icm I wbih m nyc API GARNET OOTE 02/12 17/12 22/12 22/12 23/12 22/12 23/12 23/12 24/n 24/12 AftSHNB ~0071~ 09/12 24/12 29/12 29/12 ~OT7iT~ 29/12 01/12 01/12 02/12 02/12 IfITWQUOCt 021E 14/12 31/12 05/01 05/01 06/01 05/01
      1,059 words
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      Page 35 Advertisements Column 2
      2138 35 (2) H ANJIN SHIPPING HAKJIN SWPPttG (S| m 110 tap torn WOW* 32M*****7 Wis 32*0224 731 DOCUWtn *****71 274 OPHATHWS 32*0241 252 MAM UK *****55 fU 22WM CIHO **********0 M TO NW USA it CANADA USA CANADA* HM VSI/VOY I IAM fSM UKHAUI/VOY SU TP# MN TO* 51 Ttof W
      2,138 words
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      Page 35 Advertisements Column 3
      481 35 FULLY COWTiINBIIH P D ID ICi^ IP I" IVI< L > B^^XTD3EQ|j^| ygstl W_ Js_ *6 VP? SiH HK6 ffl. USH W IftSft 1W j SIN I M y KMTCULSAM lUS 77/11 04/1? 04/1? 01/1? 01/1? |jjfl{[ 11$ 1 SMI fljfll 111 l ISfllprHl jgcjgjg »i?s w/ii oi/i? na 02/n
      481 words
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      Page 36 Advertisements Column 1
      1443 36 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfITaIKRANEANCANADA VESSEL VOY LEH RTM AMR HMI BRV FIX «Kl VQT S4W GIT tPt FO* W.C MTB PUSWASM SENATOR WW4B 2411 11.12 13 12 14 12 15 12 11.12 17 12 tMZAIDOU* W««i#l 13-11 1»« HANJIN DALIAN WOB6I 2711 1112 1112 1712 1112 20 12
      1,443 words
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      Page 36 Advertisements Column 2
      1034 36 |&A| MAC-NELS S'PORE M'SIA I Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I I IVV V JCM MOi **********0 C SWU: (084) *****9 MANILA: (632) *****24 V PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 KUCHiNG (082)
      1,034 words
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      Page 36 Advertisements Column 3
      700 36 LINE W TlLj *****56 FAXi *****13 P MUARA 1 1 LABUAN vnsa voy m> ru vessel vor m> eta SPORE MUARA SPORt UN CARAAA JIM-3? VIK/98 2S/11 28/11 CARAXA JNIII-32 Vl*/» 2S/11 29/11 STTUUTSHOfI V32E/98 01/12 04/12 STWITS HOPE V32E/98 01/12 06/12 OUUU JNM-32 Vl*/9I OS/12 01/12 CAMKA JNB-32 VI9I/98
      700 words
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      Page 37 Advertisements Column 1
      767 37 VESSEL VOY SIN SIP PKG PEN PQB DUB SHJ IBA I BIK 1 IRAN HESABI PJLI32O 25/11 06/12 OS/12 07/12 09/12 IRAN VAHOAT PJLI32S 08/12 03/12 18/12 17/12 19/12 21/12 TBN 12/12 22/12 21/12 23/12 25/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 08/01 IRAN BABAEI PJLI32B 01/01 11/01 10/01
      767 words
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      Page 37 Advertisements Column 2
      1934 37 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) I I COSTAR SHIPPING PTE LTD #17-OSMSIU>G SAUS/KKGS *****57/60 INWARD DCPT (D/oj *****8S COSTAR AGENCIES (M) SDN BHD ICR HO: *****89Q000M TOWER TWO (*****9) CONVENTIONAL *****50/55
      1,934 words
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      Page 37 Advertisements Column 3
      638 37 EASTERN CAR UNER, LTD. lE] ta (SINGAPORE) PTE LTD I SPECIALIZE IN RORO HEAVY UFT WTO 4SO TONS KL (SINGAPORE) PTE UD LOAD NG FOR PORT KLANG/B6NTANG/JAKARTA CHITTAGONG/YANGON MV "GOLD INDUS" V.4 **V "TERESA PRESTIGE" V.21 ETA SW 25/11/98 ETA PKL 27/11/98 ETA SIN 28/11/98 ETA CTG 02/12/98 ETA BON
      638 words
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      Page 38 Advertisements Column 1
      1349 38 EUROPS/UK/SCANDINAVIA/FINLAMO/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E OIAOEM RW-003 29/11 17/12 22/12 IS/12 20/12 21/12 22/12 E RENOWN RE-031 29/10 31/10 30/10 02/11 03/11 29/11 E DAINTY RW-000 06/12 29/12 26,12 27/12 28/12 25/12 30/12 E RESULT RE-022 03/11 05/11 04/11
      1,349 words
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      Page 38 Advertisements Column 2
      1095 38 ADVANCE CONTAINER LINES (PTE) LTD Ar* I 140 C9cii strea( 12-00, PIL Building, Singapore *****0 AA Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO **********06 OPERATIONS: BANGKOK JAKARTA (Wttfchr 5 sift PAW SH« LCH/1 111 HIT) <8 vtssa voy aw hk vtssa. Ivor I mw jkt MAIHJBHUM
      1,095 words
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      499 39 BSA x tajk MYANMA HBk FIVE STAR LINE (Myanmar National Lint) Loading for Yangoa (Rangoon) vessb voy sm prl km pgu HNYA 157 SU SmWI I3W SID MALAYSIA AGENTS: lOUSTIAO SHIPPING AGENCIES KUL: Ttt (03)*****00 PRL Til (03) 37M101 KM: TU (04)2****** PClfc Til (07) *****21/4 BANK LINE (A sirvict
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      879 40 BANGKOK/ MAP TA PHUT/ UIM CWiMWI JAKAHTA/PANJAWO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KITIBHUM 81N IN PT 29/11~ 28/11 GURU BHUM 10SSB IN PT 29/11 MATHU BHUM 391N 28/11 02/12 01/12 DEJA BHUM 775S 28/11 02/12 I YANTRA BHUM" 268N 29/11 02/12 03/12 ANRO JAYAKARTA'
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      570 40 INDONESIA NATIONAL LINE va wi I S foti I *-pui/«'pu»|h »u»g liikkh Im<twh7 a vissti I is/n n/\t is/n own os/>i TO AUSTRALIA 1 FULL COWTMNER SERVICE w |VOTI«C aw m m std m m ML 1« WWDHBMW IK M/ll M/ll M/ll 11/1? M/lt M/ 12 mammmt m O/iih/II U/II
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      1008 40 VESSELS VOY SIN I PKL MLA LEH RTM HAM ZEE SOT VILLE D'ORIOfI Y2BW 01/12 02/12 14/12 21/12 22/12 23/12 25/12 28/12 VK-LE DE MIMOSA V29W 06/12 08/12 21/12 29/12 30/12 01/01 Q2AM W-LE DC TANYA T29W IVI2 16/12 28/12 OW 06/01 06*01 06/01 OQ»P1 VILLE DC TAURUS A29W 22/12
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      14 40 CONVENTIONAL/BREAKBULK SERVICE LOADIMO FOR CALCUTTA 88.11.91 LOADING FOR BAMOKOK/BOMBAY LOADING FOB D4IBAI/MINA QABOOS Xt.11.98
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      36 41 DIRECT SERVICE to INDONESIA I i PT. Pelayaran Meratus HUAL Check It Out Page 6 On Page 13 New Service To Shanghai direct service, to Calcutta I Wan Hai Lines shipping Page 5 Page 12 (Mon/Wed/Fri)
      36 words
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      46 43 STEbT^Dial 740-6000 Oil Q€m3nQ (Retrieve more schedules!) Press "1" JjSelect the port and key in STBKj the four digit code eg: To New York (NYC) 2275 ste£) Key in your fax number your phone number Another innovative service offered by The document will be Shipping times
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      140 44 FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or service
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      130 45 LEGEND: R Thunderstorm Temperature o c Shower Weather Wind direction with speed «n knots Ram vj Cloudy Sky Wav h "9*» Surfoce wind* ore mdicoted by arrows which tty with the wind 0 One full circle represents colm or light and variable winds J_ One holt Heche represents 5 knots
      130 words
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  • 50 Enterprise
    • Article, Illustration
      Gearing up for the next wave
      320 47  -  By Audrey Tan WINNERS and losers will emerge in any situation, let alone the economic crisis now ravaging Asia. But this year's Enterprise 50 firms have shown that they have what it takes to stay on top. Contrary to the familiar complaint that local
      320 words
    • OVERVIEW
      • Article
        Blink and that good deal is gone
        955 48  -  S'pore investors must grab regional opportunities fast, before non-Asians make a killing as attractive assets are put np for sale Ho Chin Beng The writer is managing director of Chin B Ho Cross-Border Consultants Pte Ltd NON-ASIAN investors and fund managers, sniffing for
        955 words
      • Article, Illustration
        Lock icon In crisis, think long term
        565 48  -  Companies should be doing more, not less, during this downturn, says Andersen Consulting partner By, Audrey Tan The writer is a BT journalist THE rallying cry that there are "opportunities in times of crises" has almost become a mantra for management consultants these days. They
        FILE PHOTO  -  565 words
      • Article
        Asian firms at the crossroads
        1066 48  -  It's time for companies to re-fashion their business for changes that will emerge from the crisis Byi Charles Chun, George Dimas Charles Chun is an associate partner, and George Dimas a manager with the Strategy practice at Andersen Consulting. SIXTEEN months into the crisis, businesses
        1,066 words
      • Article, Illustration
        Listed E50 firms soldier on
        1341 71  -  Companies, still optimistic, capitalise on slowdown to consolidate their businesses, •seek out new markets and investment opportunities By. Annette Pau The writer is a BT journalist TIMES may be bad, and belt-tightening the norm, but Singapore's most outstanding enterprises which are now publicly listed are
        1,341 words
    • COMPANY PROFILE
      • Article, Illustration
        Lock icon A conservative road to success
        1115 50  -  SALCON LTD The regional engineering company's tight operational controls over the years have paid off for second-time top-placed E5O company By, Jennifer Lien The writer is a BT journalist TOUGH times demand tough measures. But tough operational controls introduced years ago are paying off Salcon
        CHRIS LOH  -  1,115 words
      • Article, Illustration
        Lock icon Going slow, but growing steadily
        1204 51  -  INTERNATIONAL PRESS CO PTE LTD IPC is feeling little impact from the slowdown, says its MIT who expects sales to jump 36% By< Carol Eng The writer is a BTjournalist THE words "slow and steady" I appear to capture the history, J character, and probably
        ARTHUR LEE  -  1,204 words
      • Article, Illustration
        Lock icon The time is ripe for expansion plans
        1048 52  -  YHI HOLDINGS PTE LTD Amid the crisis, YHI takes steps to expand beyond the region and into new businesses to spread its earnings base By Audrey Tan The writer is a BT journalist AT a time when other firms are scrambling to "consolidate",
        SIEW YAW HOONG  -  1,048 words
      • Article, Illustration
        Lock icon When the chips are down, strategy pays
        1219 54  -  MANUFACTURING INTEGRATION TECHNOLOGY PTE LTD A d«ftiiAnging industry and a fundamentally strong company the combination has a winning edge even when the times are bad By- Annette Pau The writer is a BT journalist THE semiconductor industry may still be down in the
        ARTHUR LEE  -  1,219 words
      • Article, Illustration
        Lock icon Building on quality
        1210 55  -  NEO CORPORATION PTE LTD Value for money is this bnilding company's mantra and this has paid dividends even in lean times Diana Oon The writer is a BT journalist "QUALITY is free," says Roland Neo, managing director of Neo Corporation. "People think that quality costs money, but
        ARTHUR LEE  -  1,210 words
      • Article, Illustration
        Lock icon Expanding cautiously but steadily
        1191 58  -  POH TIONG CHOON HOLDINGS PTE LTD Prudence has been a hallmark of PTC's growth in the last 48 years, and this value serves it well amid the current crisis By Marcus Hand The writer is a BT journalist WITH nearly 50 years of experience in the
        SIEW YAW HOONG  -  1,191 words
      • Article, Illustration
        Lock icon Hardly any crisis here
        1377 60  -  MOHAMED MUSTAFA SAMSUDDIN CO PTE LTD Despite the present dismal retail scene, Mohamed Mustafa Samsuddin is doing well and even thinking of expansion. What is the secret behind this success? By. Rahita Elias The writer is a BTcorrespondent AT a time when retailers are struggling to
        FILE PHOTO  -  1,377 words
      • Article, Illustration
        Lock icon A firm living up to its name
        1246 62  -  GOODRICH WALLCOVERINGS AND CARPETS PTE LTD Here's a company for whom the present economic slnmp is not the end of the road By\ Marissa Chew The writer is a BT journalist THE last time Goodrich Wallcoverings and Carpets faced a recession in 1985/86,
        SIEW YAW HOONG  -  1,246 words
      • Article, Illustration
        Singapore's 50 best enterprises
        3880 64  -  This is the 1998 list of Singapore's most enterprising privately-held local companies. Rankings are based on various factors including gross turnover, return on assets and percentage of business from overseas operations. rMMiUttii Imj compiled oy The Business Times Salcon Ltd Turnover $117,578,723 Compounded Annual Growth 2012%
        3,880 words
      • Article, Illustration
        A team of self-made builders
        930 66  -  GENISYS INTEGRATED ENGINEERS PTE LTD In ten years, Genisys has grown into a big regional building services company with sales of some $35m a year By. Ang Wan May The writer is a BT journalist WHEN you've got a top degree and a healthy salary
        930 words
      • Article, Illustration
        Lock icon Paranoia the best policy
        1086 66  -  ACHIEVA PTE LTD Achieva has scored impressive figures, thanks to thorough planning and marshalling of its divisions By Clarissa Tan The writer is a HTjournalist IT doesn't take much to be an employee of Henry Lim just a feverish determination to be the very best in
        ARTHUR LEE  -  1,086 words
    • SECTORAL WRAP-UP
      • Article, Illustration
        Lock icon Aiming for a bigger slice of the pie
        1784 68  -  A university expert and budget-shop owners talk about strategies to attract customers and keep them in a happy shopping mood By' Corinne Kerk The writer is a BT correspondent IN the words of one retailer, the retail market is like a situation
        FILE PHOTO  -  1,784 words
      • Article
        Key criteria needed to clinch that MNC deal
        734 68  -  Small firms have to adjust to new demands as MNCs become more cost-conscious By, Jennifer Lien The writer is a BT journalist LOCAL supporting industries wanting to win and keep new business from multinationals need to focus on cost, service and technology
        734 words
    • LISTING ISSUES
      • Article, Illustration
        Lock icon Heart stow go public
        779 70 Access to cheaper financing prestige makes a public listing a desirable goal for firms A LISTING status is the goal of many entrepreneurs. Sponsors of initial public offers (IPOs) are responsible for ensuring that only aspirants who meet stringent listing requirements are brought to the public.
        FILE PHOTO  -  779 words
      • Article
        Keeping investors in the know in an IPO
        749 70  -  It pays to hire a professional to keep a company looking good before, during and after an IPO By\ Schutz Lee The writer is a senior consultant with Scotchbrook Communications, which specialises in corporate and financial communications OVER the past four years,
        749 words
      • Article, Illustration
        Lock icon A helpline for start-ups
        1459 72  -  S'pore is Asia's third largest venture capital market and more firms now tap into this source of funds and expertise By\ Seow Choong Huei The writer is an investment manager at Walden International Investment Group (S) Pte Ltd SINCE the launch of the Enterprise 50 in
        FILEPHOTO  -  1,459 words
    • IT
      • Article, Illustration
        Lock icon Coping in the virtual market place
        834 73  -  An audience of 280 m people is not to be sniffed at and even small companies should take np the challenge and go online ffy Robin Tan The writer is with the Trade Development Board SMALL and medium enterprises (SMEs) looking to maintain profitability
        FILE PHOTO  -  834 words
      • Article
        Times may be tough for SMEs, but don't ignore IT
        1105 73  -  SMEs need to survive the crisis, but they also need to be equipped for a high-tech future By] Raju Chellam The writer is a BT journalist AT first glance, the market looks terribly attractive. Small and medium enterprises (SMEs) in
        1,105 words
      • Article
        Learning the ABCs of e-commerce
        867 74  -  Here's a quick guide for companies on how to buy, sell, advertise and deliver goods and services on the Net By Seah Chin Siong The writer is a senior manager with the Technology practice at Andersen Consulting. COMPANIES wanting to hop on the ecommerce bandwagon
        867 words
      • Article
        SMEs hop onto the Net bandwagon
        767 74  -  Govt's goal for half of S'pore businesses to be online by 2003 off to a good start By' Toh Han Shih The writer is a BTjournalist THE government wants small and medium enterprises (SMEs) to get hooked on electronic commerce. Deputy Prime Minister Lee
        767 words
    • MANAGEMENT
      • Article, Illustration
        Lock icon It pays to be fair
        834 75  -  Large corporations and SMEs can learn from each other how to appraise an employee's work performance By Peter Lee The writer is the managing consultant of Remuneration Data Specialists SMALL and medium-sized enterprises (SMEs) are often perceived as low wage-payers because they are not large
        FILE PHOTO  -  834 words
      • Article
        Stay ahead: become a learning organisation
        650 75  -  Knowledge is a powerful tool for companies which want to be a step ahead of their rivals H,,\ Stephanie Gault The writer is a manager with the Change Management practice at Andersen Consulting. IT is no longer possible to gain a sustainable competitive advantage.
        650 words
      • Article
        ERP: the expressway to corporate health
        986 75  -  A good IT system can clear up the traffic jams of overloaded office networks By\ Lim Joo Boon The writer is a partner with the Products and Resources market units at Andersen Consulting LIKE a bad morning traffic jam, looselyintegrated functions and IT systems
        986 words
      • Article, Illustration
        Lock icon Beyondjust a family business
        1332 76  -  Family-run companies seeking better profits and expansion will do well to hire a first-rate team of managers By. Basskaran Nair The writer is the managing director of Gavin Anderson Company in Singapore OVER his stengah and stout, the Singapore entrepreneur dreams of an IPO. Tough "target",
        FILE PHOTO; Source: " Generation to Generation: Life Cycles of the family Business" by Kelvin E Gesick, John A,Marion McCollom Hampton & Ivan Lansberg (Harvard Business School Press 1997.)  -  1,332 words
      • Article
        Oiling the gears of a supply chain
        900 76  -  Effective supply chain management translates into a seamless process that is a win-win for all parties By: Robert Chew The writer is an associate partner with the Strategy practice at Andersen Consulting. THE supply chain encompasses all activities associated with moving goods from
        900 words
    • GOVERNMENT
      • Article, Illustration
        Lock icon SMEs: Looking beyond the crisis
        1477 77 It's not all doom and gloom for smaU businesses. Those With strong fundamentals SB surviving, even thriving, e PSB has beefed np assistance for SMEs viability of small and medium-sized enterprises (SMEs) is threatened by Tight cash flow and a drop in regional demand in
        ARTHUR LEE  -  1,477 words
      • Article, Illustration
        Lock icon When knowledge equals power
        729 78 Knowledge-driven industries will power Singapore's growth in the next phase of its economic development WORLD-CLASS companies around the world are investing significantly in market research, innovation development, process improvement and other knowl-edge-related operations. Such companies put strong emphasis on technology, innovation, knowledge and skills. Multinationals here
        DENISE TAN/ST  -  729 words
      • Article
        Business creation initiative scheme
        685 78 JTC is giving 30-70 per cent rental subsidies to help new, promising new companies overcome initial difficulties IF you are just starting out in business, chances are you will probably be strapped for cash and will find it difficult to get them from the traditional sources
        685 words
      • Article, Illustration
        Lock icon The markets are out there
        1434 79  -  The world beckons as Singapore entrepreneurs look beyond the region, and TDB helps put SlgEs in contact with the right authorities and partners By Eileen Chua The writer is with the TDB THE impact of the Asian currency turmoil on regional economies has been no
        FILE PHOTO  -  1,434 words
    • PERSONALITY
      • Article, Illustration
        Lock icon What makes an entrepreneur
        1576 80 Running a business is more than just wiping money: there is passion, dedication, a nose to sniff out good deals, willingness to make sacrifices, and bull-headed perseverence This is an extract of a speech by Tommie Goh, founder of JIT Holdings, delivered to the graduating class
        FILE PHOTO  -  1,576 words
  • Page 47 Advertisements
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      112 47 Contents Rankings plB-19 Company profiles p4-20 FOCUS Investment p2 Retail p22 Public listing p24 Listed E5O firms p25 Government support p3l Personality: Tommie Goh p34 MANAGEMENT E-Commerce p2B Appraisal wages p29 Professional management p3O Editor Audrey Tan Sub-Editors: Magdalene Phang (coordinator), TK Achuthan, Yvonne Chew, Pang Pit Kheng, Ronald Kow,
      112 words
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      160 48 MSC SINWA (S) PTE LTD 2%. Leading The Challenge Into The Next Millennium The successful ship-supplier of the next I millennium will be high-tech, fully-automated, Kij I completely capable of providing a wide range of I products and services at short notice to a I wide variety of vessels in
      160 words
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      238 49 I greater customer satisfaction and product excellence is further Ag Achieva Pre Ltd AcWeva Components Pte Ltd AchievaComponents Sdn Bhd strengthened. It also inspires us to strive even harder to meet new Achieva China Pte Ltd A Achieva Electronics Pte Ltd Achieva Electronics Sdn Bhd challenges and ensure continual success
      238 words
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      102 51 19 9 8 Celebrating Singapore's fn fnirt# tmcrprwng 3p#nr Thanks. ..Again! We are indeed honoured to receive our second Enterprise 50 Award. Our deepest appreciation goes to everyone who made this achievement possible. With the continuous support of our customers, vendors, colleagues and relentless focus on maximising the value-add of
      102 words
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      218 52 J—'l■'■"■ rv^''jfcs 6 -:.'-->V>d-/►*' c "•'**-"< T -,-r ~-r^S •< Post Office 9 1 Salcon Limited is proud to be featured again in the Enterprise fl f I IH 50 list. We attribute our outstanding performanceto our' jMHB opwW/oy pllll customers, agents, bankers, suppliers and subcontractors who Salcon Pomr corporation
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      362 53 4 lient One-Stop Capabilities 1| We are very happy and honoured to K|j receive the Enterprise 50 Award and I MBm certification of ISO 9002 for our l hil Allied Shanghai Plant. J Eg As we celebrate this occasion, we H§ would like to thank our B clients, business associates
      362 words
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      144 54 Univac Associates A Big Thank You to all our Valued Customers, Avaplas Suppliers, Colleagues and Business Associates for supporting us in this Achievement I I Singapore *****8 |H| [V 19 9 7 1 9 9 8 Va ySs m Celebrating Singapore's Celebrating Singapore's Enterprising Spirit Enterprising Spirit Sin Star Hou
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      342 56 Singapore's vr 1996 1997 1998 25th 16th sth position position position 1 YOUII IWRD mimmttn jfiWn Pi\STM Message From Managing Director )&^,^Hp "We are very proud and honoured to be listed among Singapore's JMRL^—< p gjp best in the 1998 Enterprise 50 for a third year running and has taken
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      178 57 Manufacturing Integration Technology Pte Ltd TOP Semiconductor Equipment Manufacturer ■LMM.M =|IQNetj CERT. NO.: 98-2-0917 SS ISO 9002 1994 r JF>|j}A] ■ran s i &l a I. 750 9000 Steering Committee ra "The award of ISO 9002 11 r 'I cert^cat on reinforces total commitment in H.- j* Mr<«»«» J pWP»
      178 words
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      263 58 Celebrating Singapore's Enterprising Spirit Celebrating Our Achievement With You P rest '&i° us our customers, business Corp6t Tiles ss ISO 9002 1 possible. We look forward "l 4- Fabrics I w GOODRICH WALLCOVERINGS CARPETS PTE LTD Goodrich Building 16 Tampines Street 92 Singapore *****3 Tel: (65) 787 8787 Fax: (65)
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      229 59 TOTAL LOGISTICS IS OUR STRENGTH QUALITY SERVICE IS OUR HAUMARKI V w We are honoured to be included in the ranks of E5O and we thank our valued customers/ business partners/ suppliers, and fellow colleagues, without whom this award would not have been possible. I^ML nlflS 1 HTfr iPI ufci-
      229 words
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      321 60 .tin. *,•>* i •iWliyPlflW' OPENING DOORS IN NEW MARKETS JOfe) "KLW Wood Products Pte Ltd is proud to be recognised as one of JZ* V Singapore's top SO most promising local enterprises for 1998. We owe OUR PRODUCTS SERVICES tra c '<™ cord <* project completiOT Our products ranee from
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      Page 61 Advertisements Column 1
      387 61 V ■u Z3I IBX II B 881 HIOT WHP ■WBI Wm S BHC BI B Sm BbL BlBkfll I HL> B BI Btv IB Br«l Bb BI BIWHi V HP W w V W BAQL J II&.W Mi Bhh A Bi B| H B M ip H p^ Sitra Wood
      387 words
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      163 62 Your sales forecast just dropped. Are the sales management and sales force giving you the same number? Do you know p You can spend millions of dollars on application software and still not have the information you need to run your business. That's because most application software automates just the
      163 words
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      151 63 DESIGN BUILD INNOVATIONS delivers to the Customer the Best Value for money project by harnessing the Best of Design and Construction to create a Product of Quality, Aesthetics and Innovation On Time and Within Budget. I" wft I <'M .I We promote 'Teamanship" with t L our professional Design Consultants
      151 words
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      98 66 MYANMAR ll 19 9 8 &J& >?-•:. Celebrating y Singapore's Enterprising Spirit |L THAILAND PHILIPPINES OUR MISSION VIETNAM To be the value and service leader in the building and construction industry within the region, we Malaysia intend to realise this by being a strategic and imaginative organization, Singapore whilst governed
      98 words
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      419 67 'k\ It i WesTech Electronics Pte Ltd Wv MMMM 34 Kaki Bukit Crescent Kaki Bukit Techpark 1 Singapore *****3 J ySm Ha Teh (65) 743 6355 FaX: (65) 746 1396/743 1403 'a Enterprising Spirit iec. We are honoured to be listed in the 1998 Enterprise 50 list. It WesTech's growth
      419 words
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      238 68 SSEATOWN CONSTRUCTION PTE. LTD. jt^S^ 20 Maxwell Road #02-01 Maxwell House, Singapore *****3 97 Tel: 65-223 3000 Fax: 65-788 7788 ZZS.'Zr* CIDB REG NO: ***** HI 9 9 ~"I I <r GREAT WORLD CITY SINGAPORE NATIONAL EYE CENTRE BASEMENT CONSTRUCTION Seatown Construction comprises a dedicated team of professionally directed to
      238 words
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      555 69 1 00 GS Chemistry /l A fcsl International Pte. Ltd. HM. I a venture f between German and Singaporean j Specialise in Electroless J Nickel Plating Chemical J and equipments I t 4# 111 -JLJBI 199 8 Celebrating Singapore's mEEj^^B Message from of Directors ■li^HlHHiifllli^H^^^flHfl^^^^^Hlli^^l Forming strong alliances with customers
      555 words
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      187 70 tl HO LEE CONSTRUCTION PTE LTD (a member of the Ho Lee Group of Companies) is proud to be honoured the 1998 "Enterprise 50 Award" support, without which all this would not have been possible.3 ivg c s W jJ 'V[ Ho Lee looks optimistically forward to another year ahead,
      187 words
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      224 71 J A <2 12 A yo„ YHI Holdings has been honoured with tfie Enterprise 50 Award again its 4th consecutive award since 1995. We sincerely thank all our business associates, bankers, suppliers, principals and customers for their continuous support and contributions, which have brought us to the number two position
      224 words
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      144 72 *»&i I >v< W*&m 'wfiv BSL MM4Htt* V ywv .-'----'JfJ c tt |ir '3 .'j! S& fSpSgjij? •ijf** i 5= *Hi ■®j'-.'si' 1997-' l 1990 ■?"<■• 5^ SIR f§? iihiii flttfefe*. V- "-V; VV*. I. jißr- 1 t I^^RSSKIh^HwI^ 1 .-x.. and stsff, life ijjilEp^BfeOswK^^pfe^pp^ aa Jrez. irv rt jWW^^
      144 words
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      139 73 Ettierwrkkm Smirk SERIAL SYSTEM LTD Serial System Ltd is in the business of providing an efficient network for the distribution of semiconductor devices, electronic components and microelectronic system level solution throughout the Asia-Pacific region. Serial System Ltd will continue to maintain a unique positioning within the industry for its innovative
      139 words
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      350 74 $5 qjtfftfttA*)!!*# Jfc, d&m YONG TAI LOONG (PTE) LTD t v*- jy" Wishes to,express our sincere appreciation to our customers, suppliers staff for their support in our achieving the 1998 Celebrating Singapore'! ;i frmue-m m Ta L 0 ong (Pte) Ltd was founded by its managing facil ies which included,
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      314 75 AuBEIS) alued components fUSM INTERNATIONAL (S) PTE LTD Our Deepest Appreciation to our Customers, Business Associates Cr and Staff who have made it possible for the Allied Components yf Group to be one of the recipients of the Enterprise 50 Awards JJ this year. With your valued support we are
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      205 76 HA ■HIF POLY RESOURCES PTE LTD H Plot 8 Tuas Aggregate Terminal Tuas South Avenue 3 Singapore *****0 Tel: (65) 863 3100 Fax: (65) 863 3122 We are honoured to receive for the 2nd consecutive year, the Poly Resources Pte Ltd was incorporated in 1990, and since then it Ent6ipriS©
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      230 77 Asian Micro (S) Pte Ltd 19 9 8 k -3» mtk-iJtM ■Pt Celebrating Singapore's "FOCUS ON PLACING fA' <? Kffl THE RIGHT PEOPLE gjMm^£ ON THE RIGHT JOO i [fl Lq TUE M^^lT lIP UD I Hill IHE Dm) I Director QUALITY RESBLTS" xjPIBUSINESS/SERVICES COMPANY MILESTONE Manufacturing Feb 1997 Pioneer
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      225 78 jBSKK Your for SinQ3Dorfi's U*• 5J Your IT Partner for the Millennium and Beyond fpj Enterprising Spirit IPACS, with 15 offices and over 400 staff, specialize in providing IT IPACS receives the prestigious Enterprise 50 Award for the fourth consecutive solutions to the transportation and 4 year. As we celebrate
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      223 79 m Celebrating Singapore's Enterprising Spirit 1 ic~ Gn<ui tmofdl gsl Nobody makes authentic Asian Food like Tee Yih Jia iMTo have great tasting SPRING ROLLS, you need superb quality pastry from Tee Yih Jia, the world's leading manufacturer of 3®» SPRING ROLL PASTRY. The secret of its success is attributed
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      133 80 HH H 5. T i -4' J I- "-J JMMk imjm*- v J -W *'VgWF?~ r X Jv v tot r *tflSl :^v «\Jr v tf -T <£ v= -i.^ C -'\l t p -<&:• *5r H&;. MJf V>- 'V "E i—emmHEeX' i?. ..s&•** 2f* aSar r J&, Jrc JSe'
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