The Business Times, 14 January 1999

Microfilm: NL21373
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 046^12/98 854 SINGAPORE Internet http://buslneBB-timeB.aslal.com.sg/ THURSDAY, JANUARY 14,1999
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  • Article
    MARKET SUMMARY
    59 1 nm 14 HUN (-30.92) Qrt-m BUS (-15.40) D 7XLM (4.51) gj MAMBTMOOOs WedMd«y Cha*i KL8EC0NP MM *71 NIKKEI fMHUW *4fl HAN08EN0 1U7177 -07.7I 8KT INDEX Mil -MJ3 JAKAfTA COUP __4H.1I -17M MANILA COUP 11(7.4# +18J4 TAIPEI WP! Uf«J4 44 J* SEOUL COUP Ml) >t M CliSA CHINA B
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  • Article
    FINANCE
    66 1 ranum USI 81 U8S UN l(U8S/8SperS) 1JJ7 17M KU*0(l8fSI per K) MM IJH DM LK7 MM YEN 1!1J Lilt* II MM 1443 HKS 7.748 UI7 BAHT MM MM RUP1AH UM MM* •89* Mm* VmBMHB SINGAPORE* Ml KUALA LUMPUR ILft JAKARTA ttM BANOWK 147S MANILA tlM HONGKONG IU& TAIPH 8M
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  • Article, Illustration
    Lock icon World markets panic after Brazil devalues currency
    926 1 Clinton says US monitoring situation; London, Frankfort lose 3-4%; Brazil 8% Reuters Bloomberg [NEW YORK] Brazil, the world's eighth largest economy and a key US export market, effectively devalued its currency yesterday, unleashing havoc in world financial markets. European stocks tumbled and the
    Reuters; Bloomberg; AFP  -  926 words
  • Article
    Lock icon Dow down 132 at 1pm EST
    73 1 Reuters [NEW YORK] The Dow Jones index fell 261 points in the first half hour of trading yesterday, as investors took an early sell-off on an effective devaluation of Brazil's currency as a buying opportunity. By Ipm EST, the index had recovered but was
    Reuters  -  73 words
  • Article, Illustration
    Lock icon Asian currencies tumble, interest rates soar
    768 1  -  US dollar also fells against euro and yen on Brazil fears By Larry Wee [SINGAPORE] Most of Asia's currencies tumbled and interest rates soared yesterday on fears of an imminent Brazilian devaluation, which happened after Asian markets closed. Expectations of the real's fall also
    Source: Bridge  -  768 words
  • Article
    Lock icon Japan fund for Asia too slow: Dr M
    311 1 He says Asian crisis may be over before KL gets money AFP [TOKYO] Japan's US$3O billion (5150.6 billion) Asian rescue package is so slow-footed the crisis will be over before it is spent, Malaysian Premier Mahathir Mohamad said in an interview published
    AFP  -  311 words
  • Article
    Setback for Marco Polo in case against defaulter
    1121 1  -  Appeal filed on claim against bnyer of Ardmore Park condo By] Lee Han Shih [SINGAPORE] A recent legal judgement has dealt Marco Polo Development its first defeat against buyers who defaulted in their payments for its upmarket Ardmore Park condominiums. Marco Polo
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      106 1 Developers are starting to build up their landbanks through private transactions, said the preaident of the Real Estate Developers' Association at Singapore, Daniel Teo, Pgl dflft WMCn Beijing is walking a tightrope by forcing Gitic through bankruptcy proceedings, Ffi Our aha Inchcape Motors managed to rettrin the top spot in
      106 words
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      28 1 Devaluation good for Brazil, Pg 8 Editorial! Managing the exchange rate, Pg 9 ftaptefcdtvM 6% to 2-month low 0f8,500, Pg 4 UMmg&mgdown 4% on rate fears, Pg 4
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      119 1 FORMERLY A MILITARY SECRET. FINALLY AVAILABLE TO A SELECT FEW. I OFFICINE PANERAI WHERE IDEAS COME TO LIFE. Italian m«i«n iicilkmci and Swim tichnolocical «i»i timi unrivallcd fo«m amo function. hano-woumd mechanical MOVEMENT. CAM AMO mil IN ITAINIXSI ITIIL WATtR-RESISTANT TO A OtFTH Of 300 MT»[I (MS FEET). WITM CHRONOMETER
      119 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      SIA CEO is Fortune's top Asian business chief
      402 2  -  By< Conrad Raj SINGAPORE Airlines deputy chairman Cheong Choong Kong is Fortune magazine's 1996 Asia Businessman of the Year. The leading US business magazine noted that under Dr Cheong*s stewardship —he Is also chief executive SLA was the only Asian carrier to
      402 words
    • Article
      S'pore first Asian country to launch digital radio
      409 2  -  Commercial service will be available in six months'time By' Toh Han Shih SINGAPORE will be the first country in Asia to have a commercial digital audio broadcasting (DAB) service the new wave of radio. Radio Corporation of Singapore will launch its DAB
      409 words
    • Article
      Northwest perks up its frequent flyer programme
      250 2 US-BASED Northwest Airlines has added two key perks to its frequent flier programme World Perks, building on its recent alliance with Continental Airlines. Anyone who travels business class on Northwest, KLM or Continental now gets 50 per cent bonus miles (on top of
      250 words
    • Article
      BofA job cuts won't affect S'pore staff much
      367 2  -  to Conrad Raj H£ANS to cut 18,000 jobs at Isank of America over the rist three to four years are liyocted to have little impact cm its operations here, accofding to its South-east Asia regional head, Colm McCarthy. •*He said that apart
      367 words
    • Article
      Developers in market for land again: Redas head
      461 2  -  tow's a good time to pick up plum sites; govt could resume sales in 2000: ET&Co By. Ang Wan May DEVELOPERS are starting to build up their landbanks through private transactions, said the president of the Real Estate Developers' Association of Singapore,
      461 words
    • Article, Illustration
      STI will hit 1,800 this year, says Time magazine's Asia editor
      592 2  -  By Teh Hooi Ling TAKE heart, those who have missed the charging bull so far this year. There's a second chance. The Straits Times Index (STI) will correct to 1,200 points from its current 1,500 level before soaring to
      592 words
    • Article, Illustration
      Lock icon Terms of trade deteriorate
      275 2  -  EYE ON THE ECONOMY Prices By. Audrey Tan IMPORTED goods were 5 per cent cheaper in November 1998 than they were a year ago, adding downward pressure to consumer prices in Singapore. Latest figures from the Department of Statistics (DOS) show that most categories of imports
      Source: Dept of Statistics  -  275 words
    • Article
      Seagate plant: productivity growth key
      521 2  -  Rat to moderate global sales growth seen for this quarter By, Jennifer Lien SEAGATE Technology, which on Tuesday beat analysts' expectations of its Christmas-quarter profits, said" yesterday that productivity growth, rather than physical expansion, was the key for the future of its Singapore plant. Asked
      521 words
    • Article
      Transtech gets court protection from creditors
      411 3  -  It's negotiating with them to restructure its debts: sources By. Annette Pan HOMEGROWN electronics manufacturer Transtech Electronics Pte Ltd has obtained court protection from its creditors and is now negotiating with them to restructure its debts, say industry sources. It is believed that Transtech
      411 words
    • Article, Illustration
      Lock icon S'pore's '98 foreign reserves up only 4% to $124.6b
      403 3  -  Rise compares with average 13% growth in preceding 5 years By. Anna Teo SINGAPORE'S official foreign reserves rose only 4 per cent last year, down from an average of about 13 per cent 5 in the preceding five years, preliminary figures
      Source: MAS  -  403 words
    • Article
      S'pore, Indonesia to seal first gas deal tomorrow
      210 3 SINGAPORE and Indonesia are expected to conclude their first gas deal tomorrow when the Sembawang Gas consortium and Indonesia's Pertamina sign their US$B billion (5513.5 billion) gas sales agreement (GSA) in Jakarta. It will bring to a successful close a protracted 21
      210 words
    • Article
      Corrections and clarifications
      66 3 REFERRING to the article "Banking by mobile phone abroad at just 20 cents" yesterday, Ml has clarified that while the Short Message Service (SMS) rate in Singapore is 20 cents per transaction, customers roaming in countries whose operators charge for SMS will have to pay the SMS
      66 words
    • Article
      Witness says he's not in best position to help
      451 3  -  THE CDL LAWSUIT By l Corinne Kerk THE last witness produced by the plaintiff in a suit against listed developer City Developments Ltd (CDL) yesterday admitted he was not in the best position to assist the court in the case. Anthony
      451 words
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      308 3 Hi f©RGING NBW HORIZONS B[Qsp«ll9 i inBBH THROUGH TECHNOLOGY AND STATfi"Of"THfi"ART y l m |B*k J®* ~gk r^.. 4£"ttflH^^^^^H' 9 /u cj M, }■->>. JP* v_ V JB Bp fl w^nflfl^H^H ITi I^k' ■M --< ®jjjNbg n,^|| f ji q j tX-~ ~~T r < "Saw h tH~: itr— 1
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Jittery investors drive rupiah 6% down to 2-month low of 8,500
      742 4  -  Pressure on Habibie to revise budget, talk of social unrest cause unease From Shoeb Kagda in Jakarta WITH the Indonesian Parliament exerting increasing pressure on President B J Habibie and his government to revise the proposed 1999/2000 fiscal year
      REUTERS  -  742 words
    • Article, Illustration
      Lock icon HK market hit by rate fears, Guangdong-linked woes
      442 4  -  Overnight Dow adds to volatility; Hang Seng ends 41% down From 1 Quak Hiang Whai in Hongkong AFTER Tuesday's spectacular last-minute rally, the Hongkong market returned yesterday only to be hit by massive selling on both the cash and futures markets as
      Source: Bloomberg  -  442 words
    • Article
      Lock icon Rubin signals strong US$ better
      455 4 Greenback (puns after comments, Tokyo intervention Reuters Bloomberg [WASHINGTON] US Treasury Secretary Robert Rubin on Tuesday rushed to the rescue of the rattled US dollar, reiterating his preference for a strong greenback which he said had underpinned the still-solid US economy. Mr Rubin's remarks helped
      Reuters; Bloomberg  -  455 words
    • Article, Illustration
      Lock icon Greenspan pleased with China financial reforms: report
      334 4 Reuters [BElJlNG] US Federal Reserve Board chairman Alan Greenspan told his Chinese counterpart in Beijing he was satisfied to see that China's financial reform was not delayed by the Asian crisis, the Financial News said. "Greenspan said he was very glad to see
      Reuters  -  334 words
    • Article
      Lock icon Asem marks new stage of currency stability debate
      305 4 AFP [TOKYO] Asian nations are groping in the dark for their monetary future as the region's financial leaders prepare for an annual meeting with their European counterparts. The second finance ministers' Asia-Europe Meeting (Asem) in Frankfurt tomorrow and Saturday marks a new
      AFP  -  305 words
    • Article
      Lock icon Manila posted record 52.7b peso budget deficit last year
      312 4 Bloomberg [MANILA] The Philippines posted a record budget deficit in 1998, after four consecutive years of surplus, as a recession caused a slump in import duties and tax collections. Finance Secretary Edgardo Espiritu said state expenditures exceeded revenue by 52.7 billion
      Bloomberg  -  312 words
    • Article
      Lock icon Asian meltdown may worsen high unemployment: ILO
      225 4 AFP [BANGKOK] Asia's unemployment crisis triggered by the region's economic meltdown may deepen as desperate businesses further slash their workforces, the International Labour Office warned yesterday. The crisis has "reversed decades of progress towards full employment in Indonesia, the Republic of Korea (South
      AFP  -  225 words
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      3 4 Strait Talk Shippingtimes
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      68 4 WOCBCH OvtrtM-ChlrwM Banking Corporation Limited (Incorporated In Singapore) ANNOUNCEMENT FOREIGN SHAREHOLDINGS Notice is hereby given that in the opinion of the Directors as at 31 December 1998 and in accordance with the Articles of Association of the Bank, the percentage of foreign shareholdings in the Bank's issued share capital, including
      68 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Offshore casinos proposed for Jakarta
      145 5 JAKARTA AFP MORE than 16 years after the Indonesian government banned gambling, the capital may soon have its own official but offshore island casinos, a report said yesterday. The Thousand Islands Marine Tourism Association, which groups tourism resorts in the Thousand Island group north of
      AFP  -  145 words
    • Article
      Lock icon Anwar could become active in politics if acquitted: Dr M
      200 5 TOKYO Reuters MALAYSIAN Prime Minister Mahathir Mohamad said in an interview published yesterday that his sacked deputy Anwar Ibrahim could become "active" in politics again if he was found not guilty in his corruption trial. In the interview with Japanese
      Reuters  -  200 words
    • NOTEBook
      • Article
        Lock icon Another blow to PAL rehabilitation
        67 5 Reuters [MANILA] Another creditor of financially battered Philippine Airlines has rejected its rehabilitation plan, according to documents released by the Securities and F.rrhangp Commission yesterday. Marubeni Corp, the security trustee for two Airbus A 320-200 aircraft leased to PAL, said it did not agree with
        Reuters  -  67 words
      • Article
        Lock icon Jakarta to sell Indofood stake
        68 5 AFP [JAKARTA] The Indonesian government is seeking to sen its 10.18 per cent stake in foodmaker PT Indofood Sukses Makmur, but is waiting for market conditions to improve, officials said yesterday. "We want to seU at the market price," Assistant Minister Herwidayatmo said. "But we
        AFP  -  68 words
      • Article
        Lock icon Thai bid to stop DiCaprio movie rejected
        82 5 AFP [BANGKOK] A Thai civU court yesterday rejected a second legal bid to halt filming on Leonardo DiCaprio's new movie on environmental grounds, court officials said. Villagers from southern Phi Phi Island national park claim the shooting of the movie will ruin the
        AFP  -  82 words
      • Article
        Lock icon Mining firm lays off 800 workers
        69 5 Reuters [MANILA] United Paragon Mining Corp yesterday said it will temporarily lay off 800 employees at its mine in the southern part of Luzon island. "Please be advised that United Paragon Mining Corp will temporarily lay off around 800 employees effective Jan 13,1999, in
        Reuters  -  69 words
      • Article
        Lock icon Call for East Timor autonomous region
        74 5 Reuters [LISBON] Jailed Timorese leader Xanana Gusmao has called for East Timor to become an autonomous region within Indonesia for a period before achieving full independence, Portuguese news agency Lusa said on Tuesday. "We need a certain period of time to eliminate aU the
        Reuters  -  74 words
    • Article
      Indonesia to step up economic ties with S'pore: official
      661 5  -  Republic can help in support sectors for West Natuna project, tie-ups with SMEs From Shoeb Kagda in Jakarta DESPITE the many vexing problems on the home front, Indonesia is pushing ahead with strengthening economic ties with Singapore and other Asian countries
      661 words
    • Article
      Thai opposition makes bid to topple govt again
      335 5  -  Bnt analysts say the no-confidence motion is destined to fail Prom'. Harish Mehta in Bangkok THAILAND'S opposition parties yesterday launched yet another bid to topple the Chuan Leekpai government through a no-confidence motion in parliament their second attempt in 10 months. But
      335 words
    • Article
      Lock icon Minister distances himself from Golkar
      301 5 JAKARTA He is said to have sponsored creation of new political party AFP A CONTROVERSIAL Indone sian minister has broken ranks with the ruling Golkar party ahead of general elections in June, raising speculation he has his own political ambitions, sources and reports said yesterday.
      AFP  -  301 words
    • Article, Illustration
      Lock icon Prosecution amends corruption charges
      520 5 ANWAR'S TRIAL That shows attack on sexual front has foiled, says defence Reuters [KUALA LUMPUR] A Malaysian judge yesterday amended four corruption charges against sacked finance minister Anwar Ibrahim, prompting Anwar to protest that he had been unfairly smeared by sex allegations. "They already stripped me
      Reuters; AFP  -  520 words
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      126 5 v v. >' UebarsaaßankA ueberieibank aq IS RENAMED AIQ PRIVATE BANK LTD. AIG Private Bank specializes in asset management and investment advice for discerning private and institutional cßentS throughout the world. The bank, founded in Zurich in 1065, Is a whollyowned subsidiary of American International Group, Inc. (AIG). I rift
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Beijing walking a tightrope
      691 6  -  CHINA WATCH THE 01TIC DEBACLE Unnerved by the Gltic bankruptcy, foreign bankers are likely to pull back, and cotild poll down red chips By Lu Ning AFTER spending three months poring over Gitic's books, the Chinese team set up to prepare for the liquidation of the
      691 words
    • Article, Illustration
      Lock icon Nasdaq eyes listing of first six Chinese firms this year
      409 6 M BEIJING Regulators receptive to the idea, says Nasdaq chief AFP THE US National Association of Securities Dealers is talking with Chinese regulators and up to six Chinese firms on prospects of their listing on the Nasdaq this year, its
      AFP  -  409 words
    • Article
      Lock icon Trade surplus with US US$21b: China
      262 6 BEIJING Figure differs from US, which has forecast USs6ob Reuters CHINA recorded a trade surplus of U5521.02 billion (Ss3s billion) with the US in 1998, the official Xinhua news agency said yesterday, quoting customs figures. The figures differed widely from those of Washington, which
      Reuters  -  262 words
    • Article, Illustration
      Lock icon European banks downplay exposure to Gitic
      393 6 LONDON Impossible to reckon how much would be repaid: analysts Reuters EUROPEAN banks on Tuesday played down their exposure to the Guangdong International Trust and Investment Corp (Gitic) and analysts said it was impossible to estimate how much of their debts would be repaid.
      Reuters  -  393 words
    • Article
      Lock icon Chinese crackdown disturbing: Albright
      295 6 WASHINGTON AFP US Secretary of State Madeleine Albright said on Tuesday she was "disturbed" by China's renewed crackdown on dissidents, which could undermine a planned visit by Chinese Prime Minister Zhu Rongji. "We are very disturbed by what has been going on," Ms Albright told reporters
      AFP  -  295 words
    • Article
      Lock icon Li Ka-shing pledges backing for Hongkong
      289 6 HONGKONG He says territory is key investment base for his flagship, Cheung Kong AFP TYCOON Li Ka-shing pledged in remarks published yesterday that Hongkong will remain an important investment base for his flagship firm, less than a month after voicing concern that politics was
      AFP  -  289 words
    • Article
      Lock icon China plans to issue euro bond in Feb
      303 6 LONDON BntGitic saga raises concerns about its creditworthiness Reuters CHINA aims to issue a benchmark bond denominated in euros next month despite renewed concerns about the country's creditworthiness following a high-profile bankruptcy, bankers in London said on Tuesday. The deal would be
      Reuters  -  303 words
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      10 6 Tuesdays The Property Column by Lee Han Shih THE TIMES
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      380 6 p~ r NUS GRADUATE SCHOOL OF BUSINESS I^^^ W 1 Fmmmdtd 1955 Empower. n /\kfP or 1 ivc Wmillennium MASTER OF SCIENCE IN FINANCIAL ENGINEERING The National University o{ Singapore is pleased to offer a MSc degree programme in Financial Engineering starting this July 1999. Tins is a rigorous programme
      380 words
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  • ASIA
    • Article
      Lock icon LDP, Liberals reach accord to form coalition
      403 7 TOKYO Obuchi expected to reshuffle cabinet today to inclnde Liberals in govt Reuters JAPAN'S ruling Liberal Democratic Party (LDP) and the small Liberal Party agreed yesterday to form a coalition government, officials from the parties said. The coalition, to be formalised today when
      Reuters  -  403 words
    • Article
      Lock icon Asian crisis costs Lanka US$500m in investment
      166 7 COLOMBO AFP SRI Lanka lost about US$5OO million (SsB43 million) worth of investment from Malaysia and South Korea due to the East Asian financial crisis, the foreign investment regulatory authority said yesterday. The Board of Investment (BOI) said all the key projects, including
      AFP  -  166 words
    • Article
      Lock icon Australian consumer confidence at 4-year high
      311 7 ■SYDNEY Finding suggests no easing of rates in the next 2 months Bloomberg AUSTRALIAN consumers are more confident this month about the outlook for the economy than they have been in more than four years, signalling robust spending will keep the economy on a
      Bloomberg  -  311 words
    • Article
      Lock icon Sri Lanka plans biggest industrial township
      133 7 COLOMBO Reuters SRI Lanka is planning to build its largest industrial township just outside the capital Colombo, a senior government official said yesterday. Thilan Wijesinghe, chairman of the Board of Investment of Sri Lanka (BOI) told a news conference the government was negotiating with
      Reuters  -  133 words
    • Article
      Lock icon Pakistan seen doing enough on power row to placate IMF
      258 7 ISLAMABAD Reuters PAKISTAN has likely done enough to convince the International Monetary Fund (IMF) it is committed to resolving a bitter row with its private power producers, economists said yesterday. The IMF is thought to want to see headway on
      Reuters  -  258 words
    • Article
      Lock icon Imran Khan denies his wife tried to export antique tiles
      130 7 LAHORE Reuters PAKISTAN'S former cricket hero-turned-politician, Imran Khan, on Tuesday denied allegations by customs officials that his wealthy British wife Jemima had tried to smuggle out antiques. Mr Khan issued a statement rejecting accusations contained in a case lodged by
      Reuters  -  130 words
    • Article, Illustration
      Lock icon All set to soar
      87 7 [ALICE SPRINGS] A weather balloon ascending over sightseers near Alice Springs in central Australia, where the Team ReMax round-the-world balloon launch was cancelled due to high winds. Team ReMax co-pilot andfinancier US billionaire real estate tycoon Dave Liniger (below left) and chief pilot, Australian national balloon
      AFP  -  87 words
    • Article
      Lock icon US fund manager to control Korean mutual fund
      312 7 SEOUL SEI is buying 50% of Asset Korea Capital Management Bloomberg US fund management company SEI Investments Co will buy about 50 per cent of Asset Korea Capital Management Co, becoming the first foreign institution to control a company in South Korea's
      Bloomberg  -  312 words
    • Article
      Lock icon Hyundai wins rights to N Korean resort area
      264 7 SEOUL It will pay total of USs942mfor 30-year rights Reuters HYUNDAI Group, South Korea's largest conglomerate, said yesterday North Korea has agreed to give Hyundai exclusive rights to develop a resort area in the North for a minimum of 30 years. "We
      Reuters  -  264 words
    • Article
      Lock icon No U-turns on reforms, promises India's finance minister
      282 7 NEW DELHI AFP INDIAN Finance Minister Yashwant Sinha has sought to boost investor confidence with renewed pledges of no Uturns in the government's economic reforms, reports said yesterday. During pre-budget talks on Tuesday with economists and heads of industry, Mr Sinha made
      AFP  -  282 words
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      154 7 EXECUTIVE TI r S FROM JOHN SLEDGEKS: How to the corporate ladder 1. Take the initiative whenever the opportunity arises. 2. Never say "impossible" or "can't". Be forever positive. 3. Seek out new challenges and added responsibility. 4. Be forward-thinking and communicate your ideas on how to improve business. wr
      154 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Devaluation good for Brazil, bad for emerging markets
      576 8 SAO PAULO It could spark off damaging similar moves elsewhere, unnerving investors AFX Reuters BRAZIL'S de facto 9 per cent devaluation of the real is an attempt by the central bank to restore international credibility and is seen as broadly positive for
      AFX; Reuters; REUTERS  -  576 words
    • Article
      Lock icon Fed chiefs reports to Congress may end in '99
      215 8 WASHINGTON Reuters FEDERAL Reserve chairman Alan Greenspan's twice-a-year report to Congress on the economy, a two-decade old practice, could end this year, the new chairman of the Senate Banking Committee said Tuesday. The so-called HumphreyHawkins hearings, held by the banking committees
      Reuters  -  215 words
    • Article, Illustration
      Lock icon Sign of a recession
      66 8 [LONDON] Waiters at a West London restaurant serving tables on Tuesday as a sign advertises their discount "pre-recession" lunch menu. The latest surveys have pointed to continued gloom and pessimism over the British economy which came to a virtual standstill in the final months of last
      AFP  -  66 words
    • Article
      Lock icon Data shows Europe may avoid severe downturn
      509 8 WIESBADEN, Germany German Nov retail sales up 3-3%, UK Dec jobless rate holds at 4.5% Bloomberg GERMAN retail sales rose more than anticipated in November, while UK jobless rolls unexpectedly fell in December, two signs that Europe's economic slowdown may be less severe
      Bloomberg  -  509 words
    • Article
      Lock icon US PPI up on cigarette price surge
      534 8 WASHINGTON Index down 0.1% for all of 1998, the Ist time it's fallen for 2 consecutive years Bloomberg US prices paid to producers rose 0.4 per cent last month after a record surge in cigarette prices more than offset declines in energy and
      Bloomberg  -  534 words
    • Article
      Lock icon Lingering Asian woes seen hampering US growth
      338 8 WASHINGTON Reuters ASIA'S economic troubles probably will linger until 2000 or later and will contribute to a significant slowdown in the US economy this year, leading business economists predicted on Tuesday. A survey of 130 members of the National Association for Business Economics
      Reuters  -  338 words
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      102 8 Waterproof Rust-free Bleavy duty llastic Mo screw metal parts Easy quick assembly knock-down packing for easy transportation Indoor outdoor use 24" Ventilated Shelves 5-tier 183x92x61 cm Usual $225.57 Now $189 18" Ventilated Shelves 5-tier Toolboxes 183x92x46cm Usual $169.95 Now $139 wjth lnfray Usual 526.27 Now $20.90 1 Usual $32*96 Now
      102 words
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      100 8 I Tat Lee Bank I I Keppel Tat Lee Bank Limited H Announcement I Foreign Shareholdings H Keppel Tat Lee Bank Limited hereby announces, pursuant to Article 44(4) of its Articles of Association and based on declarations received by the Company and information supplied by The Central Depository (Pte) Limited,
      100 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Guanxi may no longer count for much
      764 9  -  TUU BOTTOMLDVE OPINION By Loh Hui Yin The writer is a BT correspondent in Hongkong USUALLY rational bankers are gnashing their teeth over last weekend's abrupt move to liquidate China's second largest non-bank financial institution. Bering's move to declare bankrupt Guangdong International Trust
      764 words
    • Article
      IN OTHER WORDS
      106 9 'Arrogance is an ingredient of greatness.' -WtoTjwm on his return to boxing and why he earns more than the heavyweight champion Evander Holy field. The real problem in Japan is not the credit crunch. The real problem is excess capacity.' Kathy M&tmi the chief strategist at Goldman,
      106 words
    • Article
      Managing the exchange rate
      614 9 EDITORIAL PRIOR to the overnight events in Brazil, Japan and two key members of the European Union, France and Germany, seemed agreed on the need for some mechanism, other than the market, to determine key exchange rates. What remained was to win over the United States.
      614 words
    • Article, Illustration
      Lock icon Blame game only adds to East-West tension
      910 9  -  ftUmiitg km far fin*nr.iil crisis also diverts attention from what must be dene to avoid serious problems this year By' Tom Plato The writer, a Los Angeles Times columnist, also teaches at the University of California, Las Angeles. E-mail: Tplate@ucla.edu PLAYING the blame
      FILE PHOTO  -  910 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      990 9 WHILE it is clear the cost of restructuring the banking sector will exceed 300 trillion rupiah (5562.4 billion), most Indonesians are still in the dark as to how the government intends to finance this massive bailout programme. Regardless of where the money comes from, it is
      990 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon What's Jordan without basketball?
      1276 10  -  A cultural icon and an advertising legend, even if he retires from the court, Madison Avenue's top creative people tell stuart eluott STUART ELLIOTT NYT After the second and apparently final retirement of Michael Jordan from basketball, which was expected to be announced yesterday, will Madison
      NYT; FILE PHOTO  -  1,276 words
    • Article, Illustration
      Lock icon Dilbert goes from the cube to the tube
      979 10 TELEVISION Move to TV comes 10 years after comic strip made its delrat Reuters [SAN FRANCISCO] He has a face as blank as a turned-off television set and a life that is almost as bleak. Dilbert, the comic strip Everyman whose travails
      Reuters; REUTERS  -  979 words
    • Article, Illustration
      Lock icon You're the star in Tinseltown
      635 11 ENTERTAINMENT New theme park and dinner-theatre offers people a fantasy of fame NYT [ANAHEIM, California] The first "adventure" you encounter upon arriving at Tinseltown Studios, a new theme park and dinner-theatre complex near Disneyland here, is having your name on the guest list. Next you
      NYT; FILE PHOTO  -  635 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      64 10 nm j ai m I |»n I I 11 u I 11 mm t M l |T1 LUL Nanyang Technological University LUj B PROFESSOR ANTHONY KELLY D mm Lee Kuan Yew Distinguished Visitor Jffl "MATERIALS ENGINEERING AND THE Hfl GLOBAL TECHNOLOGICAL CHALLENGES" CjE Date Thursday, 14 January 1999 ujjjj rJJ
      64 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      225 11 I¥7l_ X 1« Diners Club r Offers up to Sslo,ooo FREE Where to wine, dine and entertain.*. New purchases insurance, mmm i r, r Engage in ballroom dancing to rock roll, tango, j L samba and romantic evergreens at Singapore's favourite nostalgia pub, Club 5 two. #12 weekend cover charge
      225 words
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      Page 11 Advertisements Column 2
      145 11 I 'or the months of January and February, our chefs have prepared t whole of Spanish Food to satisfy the hungty taatebuds of all Danish Food Lovers, And at unbelievably reasonable price, too! w call us up fior reservation n0w.... before they are gone... POLLO EN PEPITORIA 4^ thicken with
      145 words
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      Page 11 Advertisements Column 3
      81 11 ■iiH BSu!las33Ms®™iß3i3ißEoQ* mm j 9 J i 1 f 1 I k I IA»^B y^y/^air... Something fishy is cooking at The Brasserie at The Marco Polo Hotel Savour jyA jl I■ typically P Scandinavian Fish am/ Seafood dishes as a delicious selection of desserts by Chef Lars Barmen, one of
      81 words
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      Page 11 Advertisements Column 4
      171 11 "1212T LUNCH PROMOTION, (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. z i m m nai Mr HMrtr OM**r lytoiT Chicken Rice $8.50 $1.00 $4.25 Toe NasiGoreng $7.50 $2.00
      171 words
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      Page 11 Advertisements Column 5
      115 11 A H 0 yV /S. yJTN CHINESE JtETAURAVT J (V*y $25 BEIJING DUCK DURING THIS MONTH ONLY AT PINE COURT CHINESE RESTAURANT Reservations: 831-6262/6 Price stated is subject to govt, taxes and GST at 3% —SS— Mandarin QQ Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 For only $B.Bo*
      115 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      976 11 CRYPTIC CROSSWORD 8 Grave prepared to receive sick countryman (8) 18 Reflective youth blossoms in 26 Say, want a pound (5) 10 One ordered to keep silent (8) YESTERDAY'S SOLUTION DOWN 12 Troops stuck in town, so rar- IflrleleldlolmWrlal i Illclalrl 1 Share people's prediction ing for a scrap (8)
      976 words
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  • MOTORING
    • Article
      Inchcape retains prime spot in sales
      538 12  -  Rival TCIL, closely behind, is on full throttle says chrxstophhrtam CHRISTOPHER TAN INCHCAPE Motors remained in the pole position in the race for vehicle market share for 1998, but just barely. Rival Tan Chong International improved by over 60 per cent to end just
      538 words
    • BUMPER to BUMPER
      • Article
        Porsche starts on sport-utility vehicle
        106 12 DEVELOPMENT work 011 Porsche's sport-utility vehicle, due 2002, is in hill swing. A 200-strong team housed in new offices in Hemmingen, near Porsche's research development centre of Weissach, will be Joined by another 100 in the next few months. These personnel will work closely with
        106 words
      • Article
        VW sold record 4.6m cars last year
        71 12 THE Volkswagen Group sold a record 4.58 million vehicles last year, up 7.5 per cent from the previous high in 1997. With that VWs share of the world market is estimated to have risen to 11.4 per cent, from 10.4 previously. Sales rose
        71 words
      • Article
        Rover Group's sales up in Europe
        70 12 PRELIMINARY figures show that Rover Group posted an increase in sales across Europe. A total of 180,000 vehicles were sold in mainland Europe, up 7 per cent, with records set in Germany, Spain, Holland and Belgium. At home in the UK however, sales fell
        70 words
      • Article, Illustration
        Kudos for Saab's 9-5 sedan
        54 12 SAAB's new 9-5 sedan has been voted the Best Buy by America's Consumer's Digest magazine, following variants of the line landing two similar awards to the UK. The US publication said the offered "outstanding value". It also praised the car for its high safety standards,
        54 words
      • Article
        New BMW 3-series is tops in Japan
        95 12 THE NEW 3-series from BMW has been picked Japan's Import Car of the Year 1998/1999. The selecting panel said "the car represents a truly matured performance, not merely an incremental advancement from previous models". The other contenders for the title were the Volvo
        95 words
      • Article
        Pre-qulifiers for Marina Line tender
        109 12 EIGHT applicants have pre-qualifled for a tender called for the Marina Line, a medium-load system planned for the new downtown. They are ABB Daimler Bern Transportation (North America); Alstom Transport SA/ST Engineering consortium; Bombardier Inc; a team comprising Kawasaki Heavy Industries, Itochu Corp and Toshiba
        109 words
      • Article
        Call a Tibs cab, get a pager
        44 12 TIBS Taxis and Sun Page are jointly promoting a pager giveaway. From Dec 16 to Feb 28, commuters will get a free pager with every Skytrek-booked trip. The giveaway is straightforward and no lucky draw is involved.
        44 words
      • Article
        S`pore No 2 at BMW competition
        61 12  -  Conpflad by Christopher Tan THE Singapore team emerged second at the BMW Golf and Tennis Cup International 1996. Lilian Mun, Joseph Yeo and Wong Weng Hong had a combined score just two points shy of the champion team from Hongkong. The event was held
        61 words
    • Article, Illustration
      Lock icon Wagon R overtakes Corolla as Japan's favourite car
      236 12  -  By < Christopher Tan [SINGAPORE] The humble Suzuki Wagon R has become Japan's No 1 seller, upstaging the Toyota Corolla, which has reigned as bestseller for the previous 29 years! Japanese snapped up more than 205,000 units of the boxy mini model
      FILE PHOTOS  -  236 words
    • Article
      Afta plan for automotive sector may be delayed 8 years
      550 12  -  Cnltnral differences could pat back programme to 2011: car industry expert By < Christopher Tan [SINGAPORE] The Asean Free Trade Area agenda for the automotive sector may not be put in gear as scheduled and could be delayed for another
      550 words
    • Article, Illustration
      Lock icon Mitsubishi Lancer is bestseller again
      462 12  -  -By Christopher Tan [SINGAPORE] For the second year running, Singaporeans have voted the Mitsubishi Lancer as their favourite car. The model, one of the "value for money" Japanese choices around, netted sales of nearly 2,300 units to secure the bestseller spot for 1996. Cycle Carriage
      FILE PHOTO  -  462 words
    • Article, Illustration
      1998 quite a good year for BMW family
      243 12 IN response to the EIU ranking, BMW Asia reissued a speech by member of the board Wolfgang Reitzle, its No 2 man. It was first made on Jan 4 at the Detroit Auto Show. This is an excerpt. "The BMW Group operates
      243 words
    • Article
      150 BMW staff move over to Rover Group
      203 12  -  I -Byt Christopher Tan [SINGAPORE] About 150 BMW personnel have joined the ranks of Rover Group, and according to sources close to the German car maker, they represent staffers across most levels. The move is the first of its scale since BMW
      203 words
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      Page 12 Advertisements Column 1
      27 12 FREES If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. CaU C.A.T.S. at 1800-737-1166. r Another Classified Service
      27 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon CK Tang shares, warrants remain hot amid rumours
      438 13  -  One analyst warns there are no fundamentals to back the mad rush By i Conrad Raj [SlNGAPOßE] CK Tang shares and warrants continued to be traded heavily on rumours of a takeover despite declarations by the company that it knew of no
      Source: Bloomberg  -  438 words
    • Article
      Lock icon Limited room for new ISPs: Pacific Internet
      371 13 S'pore market share dominated by existing 3 players Reuters [SINGAPORE] New Internet service providers (ISPs) in Singapore will find it tough to chisel away the market share dominated by the three existing players, a top executive from Pacific Internet told Reuters yesterday. The
      Reuters  -  371 words
    • Article
      Lock icon Pacific Internet seen boosting SembCorp
      185 13 Reuters [SINGAPORE] SembCorp Industries Ltd would benefit from the impending listing of its subsidiary Pacific Internet in the US, said FraserAMMB Research Pte Ltd which called a buy on SCI. "At the moment, our fair value for SembCorp is within a range of 552.15-2.24 per
      Reuters  -  185 words
    • Article
      HK Telecom, prepares to fight it out with competition
      673 13  -  HOCK LOCK SIEW Loh Hui Yin SINCE the Hongkong government took away Hong Kong Telecom's monopoly on overseas calls on Jan 1 this year, consumers have been bombarded by a myriad of advertising campaigns, call plans, discounts and cheaper rates from
      673 words
    • Article, Illustration
      Lock icon Premium of OCBC shares over UOB stock widens further
      562 13  -  OCBC Foreign now 20% above UOB Foreign; analysts cite difference in management By I Slow Li Sen [SINGAPORE] Investors' love affair with OCBC Bank seems to be strengthening amid flagging stock market, and it seemed, to the neglect of rival United
      Source:  -  562 words
    • COMPANIES
      • Article, Illustration
        Lock icon JIT stock soars on talk of Apple contract
        420 14  -  Company confirms it has started dealing with Apple, bat says nothing big yet By. Annette Pau [SINGAPORE] Shares of electronics contract manufacturer JIT Holdings yesterday jumped as high as 10 per cent to $1.45 before closing at $1.33, on talk that it
        Source: Bloomberg  -  420 words
      • Article
        Lock icon Deal gives Soros indirect stake in Sing Tao
        422 14 Sale of 23% stake in company appears to be going ahead Bloomberg AFP [HONGKONG] Hongkong publisher Sally Aw Sian has entered a share sale agreement that gives international financier George Soros an indirect stake in her listed firm Sing Tao Holdings Ltd,
        Bloomberg; AFP  -  422 words
      • Article
        More of FLE chairman's shares sold
        213 14 [SINGAPORE] Financial institutions continued to pare the huge Freight Links Express Holdings stake held by chairman David Lim Teck Hiang. The transport company, which is suffering poor business conditions, informed the stock exchange that shares totalling 1.24 million or a 0.25 per cent interest
        213 words
      • Article
        SES should educate investing public on takeover matters
        1063 14  -  LETTERS TO THE EDITOR Lucas Low I REFER to Charles Chua's letter (BT, Jan 9, 1999): "CSC's 'no delisting rules' claim should be clarified". (Mr Chua was referring to CSC's claims that there are currently no SES rules in respect of the
        1,063 words
      • Article
        Hume, IJM in Penang road project
        436 14  -  They will buy shares in two firms involved in road privatisation project FYom Ruth Wong in Kuala Lumpur BUILDING materials supplier Hume Industries and con-struction-based IJM Corporation have agreed to buy shares in two private companies Jelutong Development Sdn Bhd and Kami Builders Sdn
        436 words
      • Article, Illustration
        Lock icon Noel scouting for more property buys around Asia
        607 14  -  It's encouraged by returns from London assets, expects gifts business to pick up By\ Rahita Elias [SINGAPORE] Heartened by a strong cash flow from its property investments, listed Noel Gifts International is on the lookout for more property buys at home and
        ARTHUR LEE  -  607 words
      • Article
        EML statements kept up: judicial manager
        256 14  -  Nicky Tan Judicial Manager Electro Magnetics (1992) Limited I REFER to the article entitled "Why no update on EML, Vikay rescue plans?" published in BT, Jan 5. It is asserted as regards EML that "as yet, shareholders have not been informed of any developments
        256 words
      • Article
        Iron out kinks in share buybacks, takeovers
        229 14  -  Denis Distant I REFER to the letter "CSC's 'no delisting rules' claim should be clarified" from Charles Chua (BT, Jan 9) and am equally shocked to learn that in the event of a takeover where there is uncertainty the bidder will receive at
        229 words
      • COMPANYBriefs
        • Article
          POSBank's Moses Lee joins DBS board
          51 14 (SINGAPORE] POSBank chairman Moses L«e has joined DBS Bank's board of directors for a three-year term. Mr Lee is also permanent secretary of the Ministry of Community Development and second permanent secretary of the Ministry of Health. POSBank is now a subsidiary of DBS
          51 words
        • Article
          Ace Dynamics director sells stake
          84 14 [SINGAPORE] A director and substantial shareholder of industrial and safety equipment supplier Ace Dynamics has sold practically his entire stake in the company. Ace said yesterday that Poh Ah Tee has sold 15.7 million shares, or 19.17 per cent of its share capital, at 37
          84 words
        • Article
          Cold Storage on Great Eastern stake
          76 14 [KUALA LUMPUR] Diversified Malaysian firm Cold Storage (M) Bhd said Singapore's The Great Eastern Life Assurance Company Ltd has ceased to become a substantial shareholder in the company following a transfer of insurance business under Section 217 of the Instance Act, 1996. The stake
          76 words
        • Article
          Lock icon Ingram Micro ups stake in ERL
          87 14 AFX-Asia [SINGAPORE] Ingram Micro Singapore Inc has raised its stake in Electronic Resources Ltd to 59.9 per cent from 47.29 per cent, said the buyer s financial adviser Standard Chartered Merchant Bank Asia yesterday. Ingram Micro bought 29.84 million ERL shares at $1.95 each
          AFX-Asia  -  87 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Lucent to buy Ascend for US$20b in stock
        582 15 Ascend's powerful switches will help firm compete with market leader Cisco Bloomberg [ALAMEDA, California] Lucent Technologies Inc, the top maker of phone equipment, agreed to buy No 4 networkequipment maker Ascend Communications Inc for US$2O billion (5533.7 billion) in stock. Lucent said
        Bloomberg  -  582 words
      • Article, Illustration
        Lock icon Disney shares surge after launch of new Web site
        479 15 Investors see bigger profits with Go Network, ran jointly with Infoseek Bloomberg Reuters [NEW YORK] Walt Disney Co shares rose as much as 10 per cent on enthusiasm that new initiatives at the world's No 2 media company, including its Go
        Bloomberg; Reuters; FILE PHOTO  -  479 words
      • Article
        Lock icon Wembley Stadium to be sold for £103m
        419 15 Buyer is a nnit of English Football Association Reuters [LONDON] Wembley pic, owner of Wembley Stadium, said yesterday it had agreed to sell the venue for £103 million (Ss2B4 million), a move which clears the way for the reconstruction of the home of
        Reuters  -  419 words
      • Article
        Lock icon Crown returns to profit in first half
        309 15 Bloomberg [MELBOURNE] Crown Ltd, owner and operator of Australia's biggest casino, returned to profit in the first half, after a string of losses, as costs fell and high stakes gamblers' luck faded. The Melbourne casino's profit of A 521.4 million (Ss23 million), or
        Bloomberg  -  309 words
      • Article, Illustration
        Lock icon Intel tops best of forecasts with Q4 profit of US$2b
        497 15 Record revenues in Asia-Pac ex-Japan, Europe, Americas Reuters [PALO ALTO, California] Technology bellwether Intel Corp said on Tuesday its fourth-quarter earnings rose 18 per cent, easily topping even the highest of analysts' forecasts, as strong sales of all its product
        Reuters; Source: Bloomberg  -  497 words
      • Article
        Lock icon Yahoo! Q4 earnings soar as sales treble
        499 15 Company to split stock 2-for-l; shares take respite Reuters ISAN FRANCISCO] Internet media powerhouse Yahoo! Inc on Tuesday reported another quarter of sales and earnings growth that exceeded even the most aggressive forecasts, and said it would split its stock two-for-one. But Yahoo
        Reuters  -  499 words
      • Article
        Lock icon International Paper Q4 profit falls 75%, hit by low prices
        363 15 Reuters (NEW YORK] International Paper Co, the world's largest paper and forest products company, said on Tuesday its fourth-quarter income fell 75 per cent, but excluding onetime items, the company handily beat Wall Street estimates. While company officials were optimistic
        Reuters  -  363 words
      • Article
        Lock icon Warnaco to shut 3 Calvin Klein plants
        168 15 Bloomberg [NEW YORK] Warnaco Group Inc, the top maker of Calvin Klein-brand clothing, said it will fire about 550 workers and close two plants and a warehouse as part of a push to cut costs following acquisitions. Warnaco said it will shut its
        Bloomberg  -  168 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Bank America to redeploy or axe 18,000 workers in 3-4 years
        489 16 SinoP&c to bid for US bank's Taiwanese retail banking unit, says report Bloomberg Bridge News [SAN FRANCISCO] BankAmerica Corp will eliminate or shift to new jobs 18,000 workers, or 10 per cent of its workforce, in the next three
        Bloomberg; Bridge News  -  489 words
      • Article, Illustration
        Lock icon Off work, off limits
        69 16 [CALCUTTA] Employees sitting outside a branch of the Union Bank of India on Tuesday to prevent customers from entering the bank in the city of Calcutta. Operations in banks and financial markets across India were disrupted on Tuesday as nearly one million employees went on strike
        REUTERS  -  69 words
      • Article
        Lock icon Central banks' gold sales up 8% in '98
        424 16 Bloomberg [TORONTO] Net sales of gold by central banks and other official bodies rose about 8 per cent to 437 tonnes in 1998 from a year earlier, Gold Fields Mineral Services Ltd estimated. Although "there have been no announcements confirming large-scale sales"
        Bloomberg  -  424 words
      • Article
        Lock icon E Trade Group to set up Internet investment bank
        419 16 Underwriting fees will be 30% less than typical charges Bloomberg [PALO ALTO, California] E Trade Group Inc said it's starting an investment bank to raise money for companies by selling stocks and bonds over the Internet, chaUenging traditional securities firms as
        Bloomberg  -  419 words
      • Article
        Lock icon Nymex to trade futures, swaps simultaneously from next month
        428 16 Pilot scheme seen as offering a more effective hedging mechanism Bloomberg [NEW YORK) The New York Mercantile Exchange will start a three-year experiment next month with the firstever trades combining regulated futures trades and unregulated swaps. Energy and metals traders will
        Bloomberg  -  428 words
      • Article
        Lock icon TCW said to be in talks to buy stake in Yasuda Kasai
        272 16 Bloomberg [LOS ANGELES] TCW Group Inc, the Los Angeles-based fund management firm, is in talks to buy at least 30 per cent of Tokyo-based Yasuda Kasai Global Asset Management Ltd for an undisclosed amount, said a person familiar
        Bloomberg  -  272 words
      • Article
        Lock icon Griffin fall prompts futures firms to rethink procedures
        437 16 Reuters [LONDON] Derivatives firms of all sizes are taking a close look at their trading procedures following the collapse of the Griffin Trading Compa ny last month, industry executives said on Tuesday. The consensus, some three weeks after Griffin went under, seems
        Reuters  -  437 words
      • Article
        Futures down on chip industry woes
        219 17  -  Reports -*SCX Singapore Index Bob Butcher, Jardine Fleming "NEWS of layoffs in the SingaZpore semiconductor industry and bearish news in the prop■•erty sector pushed the MSCI Singapore Index down from "■its recent highs but not enough to seriously damage the overall positive technical picture.
        219 words
      • Article
        A bearish trading day for futures
        192 17  -  MSCI Taiwan futures Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures saw an expected bearish trading day. The Taiex took a plunge of 44.55 points at the closing. The Dow was down 145.21 points as well in overnight trading, with Nasdaq
        192 words
      • Article
        Lock icon Crude oil prices fall further on report of increase in US stocks
        297 17 ENERGY REPORT Reuters "(LONDON] Oil prices relapsed yesterday as a bumper build-up in US stock levels producers' hopes that ..a recent rally would stick. International benchmark Brent was down 30 cents by 1245 GMT at US$ll.2O a barrel,
        Reuters  -  297 words
      • Article
        Lock icon CURRENCY REPORT
        314 17 AFP London THE US dollar climbed strongly against the yen in London trade yesterday, despite the de facto devaluation of the Brazilian real which unleashed stockmarket havoc around the world and particularly in New York. At 1530 GMT, the dollar was at 113.88 yen from 112.13 late on
        AFP  -  314 words
      • Article, Illustration
        Untitled
        1215 17 JfTERBAMK CROSS RATES A$ CSKwttoc Ffr On HK$ Ind to HfUk Von Woa »M HZ$P«> to Peso S$ tawd Sfr Ittt 8aW —S5* Australia 0.967 6.178 0.550 3.604 1075 4.935 27.071 54.141 0.711 7.475 2.420 1.171 32.414 24.542 1073 3.909 0.879 20.538 ***** 0.389 0.637 Canada 1.034 5.469 0.568 3.728
        1,215 words
      • Article
        Untitled
        1665 17 81C0M FUTURES ■'<"< 'J RUMf8(Mrt«dottagii«tUOpa) w«j—* u. tm a!Sa wis 120.00 120.00 ttt» 300 1250 g£5t So ffj? WS.75 100 275 Ml5*99 600 tSS 3 C0WTRAC7 (US cwbAj) V** <*» Mot> Ntyk U» Sott (toawM) MMCOt rXoS" I TOJ5 50 *35 u» 99 73.00 1945 1*99 76.25 75.50 75.50 200
        1,665 words
    • Article, Illustration
      Lock icon HONGKONG
      1341 18 AFP QHangSeog -437.78 HONGKONG share prices tumbled 4.1 per cent yesterday on a wave of profit-taking following an overnight fall on Wall Street and worries over the health of China-related firms, dealers said. "Sentiment has been weakened mainly by worries over the financial health of Chinese-backed firms and partly
      AFP  -  1,341 words
    • Article, Illustration
      Lock icon CHINA
      513 18 Reuters Index -0.09 SHENZHEN'S Hongkong dollar-de-nominated B shares closed lower yesterday, after poor sentiment on the domestic A share market ended an early round of bargain-hunting, analysts said. The B Share Index fell 0.09 point, or 0.17 per cent, to 52.00 after touching an intraday high of 52.52. Turnover
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  513 words
    • Article
      Lock icon TAIPEI
      351 18 AFP QWP Index -4456 TAIWAN share prices closed 0.7 per cent lower yesterday depressed by sharp overnight losses on Wall Street, analysts said. "Selling pressure was heavy due to the sharp fall on the US stock market," said Mr Chou Hsien-li at Yunta Capital Management. The index was expected
      AFP  -  351 words
    • Article
      WORLD STOCK MARKETS
      2217 18 LONDON Iwiaililih Jaa13 N«C» *13t Group 612.000 -12.400 AB Ports 274.500 -5.500 Abboy National 1264.000 -21-000 Alliad Oomacq 497.000 -22.400 AM* Zurich 92.550 -883.450 A mac 173.500 -0.500 Asda Group 159.500 -1.900 BAT Ind 630.000 -25.000 BG Pic 380-250 5.850 BICC —65.500 4.500 BOC Group 845.000 -2.400
      2,217 words
    • Article
      Lock icon TOKYO
      1553 18 AFP Q Nikkei 22S *WB JAPANESE stocks clawed up 0.3 per cent yesterday after the dollar rebounded against the yen easing the pressure on exporters, but investors remained cautious, brokers said. The gains were led by export-oriented issues, including microchip makers, but buying sentiment was muted by worries that
      AFP  -  1,553 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Trading subdued, but stocks holding up well
        362 19 AFP AFX-Asia Fl Composite Index +0.71 MALAYSIAN share prices ended 0.1 per cent higher in subdued trading yesterday amid a lack of fresh leads. "Trade was generally directionless but most key stocks are holding up very weU. There is no pressure either way.
        AFP; AFX-Asia  -  362 words
      • Article
        Untitled
        8275 19 MMSTWALS Cmhmmt prefects km Lm< v* •>•* Net cap High In ti- M -r M> -000 M» lew p/z tm» 300 292 AJMomoto 300 unch 2 300 300 163 U£6 S3 76 Angkasa .79 5 283 255 ApoBoFoodHIg 261 18 4 262 261 93 104.4 204 178 BanayaLand »4 3
        8,275 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Uraco Hldgs wrt only for the bold
        187 20  -  WARRANT WATCH -By Ven Sreenivasan THE switch to second-liners saw penny stocks and warrants recording another day of strong gains yesterday. Analysts reckon this pattern of penny stock punting will continue for another day or two. One of the gainers was the warrant
        187 words
      • Article
        CLOB INTERNATIONAL
        161 20 HONWOM STOCKS Qr Gr 52 wk LMt Vot on Last Ouot* Ot* Uv VM MC« Mm> L— Stn. cww »<*« roooi Ht» Uw Bwyr S—»r Cw E/t >ni 5123 COL <2000) HK 400 J l l 5124 Cathay P«c 20c MR—720 fj 5125 Chaunq KonqSOc HK. 1780 240
        161 words
      • Article
        Untitled
        1763 20 ■OHM, LOAMS ft VARIANTS m 2 m Lut Vtl 0«Y Lot! OutU A»t Hi* LOW M Company Ml tr- COOO) High Lo- Buy.r Mhr Met 20.5 3 3*60 -Actr ******1 USS 14.5 -1 423 16 14.5 14.5 IS 95 4.5 3164 Acmo ******4 23 "2-5 3671 27 23 23 23.5
        1,763 words
      • Article
        Lock icon WELLINGTON
        248 20 AFP Q Wellington -2124 NEW Zealand stocks closed down 1.4 per cent yesterday due to profit-taking on the heels of an overnight slide on Wall Street. The NZSE-40 Capital Index fell 29.24 points to 2,107.37. Turnover was worth NZ5116.67 million yesterday. —AFP Jan u% root) ANZ 8anhiog 12.30 -0.05
        AFP  -  248 words
      • Article, Illustration
        Lock icon BANGKOK
        751 20 AFP Q SET Index -14^3 THAI share prices closed 3.6 per cent weaker yesterday amid regional market declines after profit-taking in the afternoon session slashed earlier gains, dealers said. Share prices closed sharply lower, with a weakening baht pressuring prices following concerns over China's debt outlook and the possibility
        AFP  -  751 words
      • Article
        Lock icon SEOUL
        388 20 AFP Ouptßtc Index +LB4 SOUTH Korean share prices closed slightly higher in mixed trading yesterday following a streak of steep rises, dealers said. The Korea Stock Exchange Composite Index closed up 1.84 points at 633.03, off a high of 640.05 and a low of 622.37. Volume was 325.9 million
        AFP  -  388 words
      • Article
        Lock icon SYDNEY
        582 20 AFP QAHOrdiunes -243 LOWER gold prices and weaker overseas markets combined with profit-taking to drag Australian shares almost 0.9 per cent lower yesterday, brokers said. The All Ordinaries Index tumbled 24.3 points to 2,822.0. The All Industrials Index fell 52.3 points to 5,043.9, while the All Resources Index firmed
        AFP  -  582 words
      • Article, Illustration
        Lock icon JAKARTA
        702 20 AFP Q Composite Indei -17.09 INDONESIAN share prices closed 3.9 per cent down yesterday on foreign selling amid a weaker rupiah and a broader pre-holiday technical correction in second-liners, dealers said. A dealer with a European brokerage said selling in the stock market was led by foreigners fearful of
        AFP  -  702 words
      • Article
        Lock icon MANILA
        294 20 AFP QlUnfl* +18J4 PHILIPPINE share prices rose 0.9 per cent yesterday as late bargain hunting offset a bout of profit-taking earlier in the day, analysts said here. The Composite Index rose 18.94 points to close at 2,167.40 points. Turnover fell to 910.5 million shares worth 2.58 billion pesos from
        AFP  -  294 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5986 21 Gr Gr M Wt 52-m Last Voi Day Lot Ouott 04* Oiv VM Nat Cap Avg MK,h low stNa Company Sate rOOOl Ml» Law Buyac Sa«er Cw M| J«"Lfrte* MULTI-INDUSTRY 142 17.5 mt 1000 Ac ma 50c 83 -3 1586 87.5 82 82 83
      5,986 words
    • Article
      SESDAQ
      1229 21 Cr Of M Wt S2-Wk LMt Vol Day LMt Om)i M* Ot* VM Nat Cap A«f Low ttW C«n»—y COOOI Mm> Law »rar 8«—r CV W MANUFACTURRM 243 30 2049 AS Auto 10c t»T -2 3476 123 113 113 117 15 N 7 U n 133.6 118 79.5 45
      1,229 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        429 22 Stocks Volutin CK Tang Wt99 31.899,000 E ResrceslOc 30,370,000 CK Tang 20c 19,867,000 Van der Horst 17,751,000 Guthrie W02 16,981,000 Uraco HldgslOc 15,929,000 Uraco Wt02 15,001,000 JIT Hldgs 10c 14,294,000 S Coffeemix 5c 12,798,000 Progen IOC 11,925,000 Stocks E ResrceslOc 59,281,930 SPH 37.643,143 DBS Foreign 33,749,878 OCBC Foreign 27,373,896 DBS
        429 words
      • Article, Illustration
        Blue chips fall further amid switch to small-caps
        670 22  -  STOCK MARKET COMMENTARY Foreign funds move out as hedge funds short the market, but analysts are confident of recovery By Ven Sreenivasan BLUE chips continued to slide yesterday as market players switched over to speculative second-liners and small-cap stocks. Traders said foreign
        670 words
      • ON THE GRAPEVINE
        • Article
          A Ooi bit public
          99 22 UNKNOWN to him, Douglas Ooi, a director of stockbroking firm Kim Eng, had a number of eyes trained on him yesterday. Right smack in a very public place, namely the carpark of the Cricket Club, and at prime-time, that is lunchtime, he pulled out some medical
          99 words
        • Article
          Doctors' orders
          117 22 TALK about X-rays brings us to the subject of doctors' services or rather, services to doctors. A local joint venture has just launched an Internet service called Doctors Online, which offers registered doctors high-speed interactive Internet access to medical information and services. And it's not all professional stuff
          117 words
        • Article
          Learning from beasts
          77 22 WE note that Bernard Harrison, executive director of the Singapore Zoological Gardens, is one of the speakers at Venture Asia's Leadership Forum on Jan 25. The bearded, respected zoo man will speak on Animal Psychology in Leadership, the idea being that chief executives have something to learn
          77 words
        • Article
          Clangers from GCE students
          128 22 SOMEONE sent us this list of clangers dropped by last year's GCE candidates: Socrates was a famous Greek teacher who went around giving people advice. They killed him. Socrates died from an overdose of wedlock. In the Olympic Games, Greeks ran races, jumped, hurled the biscuits
          128 words
      • Article, Illustration
        HOT STOCK
        65 22  -  -By Wong Wei Kong URACO Holdings rose $0.05 to $0.29 yesterday with 15.9 million shares traded, compared with its 10-day traded average of 2.31 million units. The daily and weekly RSI charts, as well as the Stochastics and MACD indicators, suggest that there may be slight upside in
        65 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      81 13 1 I H appetite for world-class products you 11 fiiy OJlTHong Kong companies have and contacts on mainland. To a H I U UIJ |B ■lkl| ■ll world's biggest market, call the Hong Kong We have 11 |l||| Dfiliil Hong Kong database ready To contact the I Dl V'l hH
      81 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      96 15 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
      96 words
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      Page 16 Advertisements Column 1
      322 16 f TheStmitsTimes I W»:lciv Kdifcn I taw TMM Into (tap l* I HortHast he mi be isatoled-readY HOME NEWS AT YOUR FINGERTIPS The Straits Times Weekly Edition brings you a crisp summary of the week's major news breaks reported in The Straits Times about Singapore and Asean. Covering news from
      322 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      65 18 1 v j- r ,gfr —raw wt nil"fri«fwhrtr'*l > *f• 'J .1 tolcT\ card we're\ the computer V I Y ou this was a j making for S san I advertised in /*XT7XV gQod deal Yup we got what going tohc J V The Straits Times/ f. S Iwe wanted
      65 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      519 22 NOTICE IS HEREBY GIVEN that, I KAREN SEE GUEK HIANG of Blk 869 #04-175 Tampines St 83 Singapore *****9, have applied for a Retail Liquor Shop Licence in respect of M/s Hui Xiang Minimart located at Blk 133 #01-1518 Jalan Bukit Merah Singapore *****3, and that this application will be
      519 words
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      Page 22 Advertisements Column 2
      91 22 KEPPEL FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Foreign Shareholdings Pursuant to Article 23(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Pte) Limited, 3.81% of the
      91 words
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      Page 22 Advertisements Column 3
      341 22 NOTICE IS HEREBY GIVEN that, I SUDARSANAN MARGASAGAYAM of Blk 310 #03-02, Woodlands St.3l, Singapore *****0, have applied for a Retail Liquor Shop Licence in respect of M/s Salamat Mini Mart located at Blk 304 #01-119 Woodlands St. 31, Singapore *****4, and that this application will be considered by the
      341 words
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      Page 22 Advertisements Column 4
      267 22 (m the matter of the compares act, cap. siN AND IN TOE MATTES Of KHIANG KEE SEAFOOO RESTAURANT PTE LTD (In Mattel' Voluntary LjqukMkm) Al an Emcrdrary Gananl MMng <4 ta Khang Km SHtocd Restaurant Pa LB (My comarad and Ml it Aug Mo Kio Antnui 9 401 20J Yc
      267 words
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      Page 22 Advertisements Column 5
      301 22 NOTICE IS HEREBY GIVEN that, I MARGERET LIM of 17 Chestnut Gardens Singapore *****2, have applied for a Beer House 2nd Class Liquor Licence in respect of M/s Dulukala Peranakan Restaurant located at #04-01 Beauty World, Upper Bukit Timah Road Singapore *****7, and that this application will be considered by
      301 words
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      Page 22 Advertisements Column 6
      324 22 NOTICE IS HEREBY GIVEN that, I TAN PAK NANG of Apt Blk 209 Yishun Street 21, #04-129 Singapore *****9, have applied for a Beer House Ist Class Licence in respect of iM/s Golden Mile Food Paradise located at 6001 Beach Road #01-02 Golden Mile Tower Singapore *****9, and that this
      324 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      334 23 Bridge News Reuters THERE was again talk of firmness for nearby ships in the US Gulf, but little action so far evident and some charterers are attempting to push dates back, brokers said. Follow through selling from Monday appeared without resistance, Clarkson Securities Ltd said in its latest
      Bridge News; Reuters  -  334 words
    • Article
      MARITIME STOCKS
      274 23 Mill in i'iTi|r-ffn W Jaa 13 a CWTOtetrtbutton-0.68 0.01 660 Chuar Hup 0.6 -0.025 333 Cosco Invastmant 0.565 -0.03 46 FrtiflM Unkf 0.19 -0.01 3630 GBHoMnqa 0.44 0.005 269 Hal Sun Hup 0.51 -0.05 3131 HttacM Zoson 0.79 IMC HoMngs HK 5.6 Jaya HoMtnqs 0.58 0.01 333 Jurang
      274 words
    • Article, Illustration
      DBS Bank sees room for growth in offshore market
      429 23  -  Main local ship financier still looking for deals despite industry downturn, economic crisis By Marcus Hand [SINGAPORE] Singapore's main local ship financier, DBS Bank, is adopting a cautious approach to new business in the current economic crisis, and sees opportunities in
      429 words
    • Article
      Knowing pollution rules: MPA steps up drive
      395 23  -  Marpol Annex V comes into effect later this year By\ Felix Chan [SINGAPORE] With Singapore becoming a party to Marpol Annex V later this year, the Maritime and Port Authority of Singapore (MPA) is stepping up efforts to educate the local shipping fraternity
      395 words
    • Article
      Backlog continues to grow
      628 23  -  NEWBUXLDS Bij\ David Hughes NEWBUILDING announcements have been few and far between in recent weeks. Consequently there would have been precious little to put in this week's new contracts list. Luckily Lloyd's Register (LR), the Lon-don-based classification society, has come out with its quarterly World Shipbuilding
      628 words
    • Article
      China detains suspected killers of cargo ship crew
      474 23 TWO PIRACY CASES OFF BE In second case, vessel and crew still detained by Chinese customs officials [SINGAPORE] Two recent piracy cases near Hongkong with one involving the massacre of 23 seamen have shocked shipping circles. Chinese police are said to have
      474 words
    • Article
      Lock icon Japan ship orders down 17.8% in '98
      133 23 Nikkei [TOKYO] Tfce Ministry of Transport reports that it approved 331 shipbuilding orders totalling 10.67 million tons in 1998. While the figures are down by 79 ships and 17.8 per cent in terms of tonnage from the previous year, 1998 still marked the
      Nikkei  -  133 words
    • Article, Illustration
      Lock icon Making the best of bad times
      976 24  -  AUSTRALIA-SOUTH-EAST ASIA LINER TRADE Collapse in volumes follows a huge rise in slotting capacity by carriers to SE Asia over the past three years By. Kevin Chinnery Maritime Asia Making the best of a very bad job is a maxim which lends itself to
      Maritime Asia; FILE PHOTO  -  976 words
    • Article
      SHIPPING SCHEDULES INDEX
      224 24 PAGE Dongnama 3 ACL 6 tCULi 6 ANL 3 ECL 5 ft Accord 8 6 Appenship 5 FoonflSon 8 Austral 8 CLmk Balaji Shpq 4 8 BSA 7 H SunHuP Hanali 7 B'tang Mas 8 7 Heuoq-A 4 CMA 8 Hyundai 7 C0SC0 5 ICFS 3 CSAV
      224 words
    • Article
      SHIPPING GUIDE
      18322 31 THEBUSINESSTIMES EXPORT ETA ETA A<tv*rtis*f Vassal Voyaoa Tt4#pl>oot ETA ETA Advertiser Vessel Voyaoa SIN Oest'n Name Nama Number Number SIN Dest'n Neme Name Number Number 03/02 23/02 MSC Agy MSC FREMANTLE V.004A 45-*****50 To ABU OHABI (AUH) 2004 U. A. Emirates 0t/02 17/02 anl p 0 ned brisbane
      18,322 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        706 35 Vessel Voy No B«rth Arrival Departure JvrMf Nrt Asian Wind ~2 J04 alongside 13.01/2200 Bt Pu Tetor2 *****9 J01 alongside 14.01/0600 Bt Reieki Ri *****9 J01 alongside 13.01/1500 Bt Sur N *****9 J01 alongside 14.01/0400 Bt Stir lii *****9 J01 alongside 14.01/0500 Bt Suriati 4 *****9 J01 alongside
        706 words
      • Article
        CONTAINER SCHEDULES
        1882 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Act 12/* 14/1200 1A 11/1500 13/1659 U/1900 Ac i OAMia 0040 16/1500 U 13/1500 13/1659 13/1900 I M 13/1500 13/1659 13/1900 2A 13/1700 14/0659 14/0900 29 13/1700 14/0659 14/0900 J
        1,882 words
      • Article
        GLOBAL HOLIDAYS
        224 35 Jan 15 Japan: Adults Day. Jan 18 Brunei: Anniversary of Revelations of Koran. United States: Martin Luther King Jnr Day. Jan 19 Brunei: Hari Raya Puasa. Indonesia: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Singapore: Hari Raya Puasa. Jan 20 Brunei: Hari Raya Puasa. Indonesia: Hari Raya Puasa.
        224 words
      • Article
        COCKETT BUNKER MARKET REPORT
        853 35 THIS report, compiled by Cockett Marine OH Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        853 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        459 35 Cartoon MO Max 991.0 3.9 15.4 0.15 78 0.07 it Density Wat#r Buiduc Ash Aluivtifiluni Sfdiwwt Ibovc £25 0 £Hi] 5Z22II—_— Ave 968.6 OJ M.4 0.07 27 0.02 380 Mai 994.2 15 19.6 0.12 47 0.06 »WV'3 v/» SM/W m/m mi nwtiwxi No above G35 12
        459 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Airlines win bid to limit US personal injury suits
        568 36 Recourse to local law will undermine uniform regulation of international air carrier liability: Supreme Court Bloomberg [WASHINGTON] Airlines do not have to defend against some personal-injury lawsuits related to international travel, the US Supreme Court ruled. In an 8-1 decision, the
        Bloomberg  -  568 words
      • Article
        Lock icon Near-collision at Bangkok airport: pilot's poor English to blame
        237 36 AFP [BANGKOK] A Chinese pilot steered his plane into the path of a Swissair jet after misunderstanding a controller's English orders, forcing the Swiss pilot to abort takeoff to avoid a crash, Thai officials said yesterday. The near-miss occurred at Bangkok
        AFP  -  237 words
      • Article
        Lock icon United to cut flights to Japan
        200 36 Bloomberg [CHICAGO] UAL Corp's United Airlines, the largest US carrier to Asia, plans to cut back on service to Japan and the region. The world's No 1 airline said it will not resume its daily non- stop flight between Chicago and Osaka, Japan, on
        Bloomberg  -  200 words
      • Article
        Lock icon Delta levies US$2 ticket fee on domestic flights
        149 36 Bloomberg [ATLANTA] Delta Air Lines Inc, the third-largest US airline, is charging a fee of at least US$2 (553.30) on roundtrip tickets for US flights not purchased through its Internet site to pay for rising tick-et-distribution costs. The Atlanta-based airline said it
        Bloomberg  -  149 words
      • Article, Illustration
        Lock icon Pilots killed in cargo plane crash
        56 36 [GUERNSEY, Britain] The scene after a cargo plane crashed and burst into flames as it tried to land at Guernsey Island Airport on Tuesday, killing the pilot and co-pilot. The Fokker27hit a house on the island, without harming its inhabitants, before ending up in
        AFP  -  56 words
      • Article
        Lock icon Volvo wants to sell AutoNov stake
        250 36 AFP [STOCKHOLM] Swedish car manufacturer Volvo wants to sell its 49 per cent stake in Auto Nova, a joint venture with British TWR founded in 1995, the Swedish daily Dagens Industri (DI) reported. The definitive decision has yet to be made, but a sale
        AFP  -  250 words
      • Article, Illustration
        Lock icon Hongkong's MTRC to retrench 80 staff
        70 36 [HONGKONG] A Hongkong's Mass Transit Railway Corp (MTRC) officer watches commuters during a busy hour at a station. MTRC said on Tuesday it would lay off about 80 staff and seek to further reduce costs amid the economic downturn. The MTRC posted earnings of
        REUTERS  -  70 words
      • Article
        Lock icon BA, JAL announce marketing tie-up
        494 36 Deal may pave way for Japanese carrier to join oneworld alliance Bloomberg [TOKYO] British Airways pic, Europe's largest airline, and Japan Airlines Co, Asia's No 1 carrier, will sell seats on each other's flights from some time this summer, link frequent flyer programmes from April
        Bloomberg  -  494 words
      • Article
        Lock icon Co-pilots use hints to correct pilots: study
        299 36 Reuters [WASHINGTON] Co-pilots on commercial aircraft use indirect hints to correct pilots who are making mistakes, even though those mistakes can be a matter of life or death, a report published on Tuesday found. "Such a strategy might be considered more collegial or
        Reuters  -  299 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1796 36 CITT FU6HT CTA MBIT £T0 $***** 2359 Admit* BA7381 1930 BA7382 2050 f—Oa SO909 17B SOWO OOP Of81 1930 Of82 2050 Guangzhou P»C S0803 1915 C2352 0835 AM229 2230 C2353 2035 $0804 JOB S™ Hanoi mil 1310 VK740 MM «P» a» **743 1925 AmsttrAam $023 0645
        1,796 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      32 23 Aussie-SE Asia liner trade: making the best of bad times Collapse in volumes follows a huge rise in slotting capacity by carriers to SE Asia over the past three years. Paipß 2
      32 words
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      Page 23 Advertisements Column 2
      202 23 Airlines win bid to limit US personal injury suits Recourse to local law will undermine regulation of int'l air carrier liability: Supreme Court. Back Page Attract loads of new business AIR CARGO Special Feature Shipping Times Thursday, 21 January 1999 (Booking deadline: 14 January) To highlight the latest developments and
      202 words
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      782 24 I IMPORT 1 i NORTH fiMWMCA j I QULFHNOtAN SUB-COHTWBHT ISUPER SHUTTLE EXPRESS I |QULF KARACHI EXPRESS (QKX) VOTACI IG> MW YKSE VQT JIA DMN lAN IND KAR COL ftG SW OOdCMNA 21W552 30/11 17/01 PftO NCDUOYD DMAI 3SI 30/12 01/01 01/01 03/01 00/01 11/01 14/01 17/01 SSSSS, ȣi w!!
      782 words
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      Page 24 Advertisements Column 2
      687 24 Lines services represented Members of the by Members of the Registry of M Singapore Fretght Forwarders Accredited Shipotog Agents SjAW Association x°'«« 2S Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess Lih V 9199 IMI/W 17/Vl/M 2MI/99 Princess LJly Vttt9 #4/18/99 14/W/99 LILY
      687 words
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      1150 25 I SAX SERVICE (MR EG) Ivgsa VOY sun iax oak I pal hou |<h cot m* m. htc tftflWffT OOK 13/01 28/01 02/02 02/02 03/02 02/02 03/02 03/0? 04 /M 04/02 HftSWC. 00«~ 20/01 04/02 09/02 W/02 10/02 09/02 10/02 10/02 11/02 11/02 IMWOUOCf 022t 27/01 11/02 16/02 14/02 17/02
      1,150 words
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      Page 25 Advertisements Column 2
      1854 25 (p) HANJIN SHIPPING HANJIN SHIPPING (S) PTE ITD tap //m bum (on MOUW 39M735 737 SUB J7M774 731 OOCUNEKT 33*0271 774 OKUTWG *****41 757 NUN UK *****55 FA* *****40 O RO: **********0N TO NW USA CANADA USA CANAPA* FM VSI/VOT MM jT" UNE HAUL/VOY SU TTW D» POX Oi T
      1,854 words
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      Page 26 Advertisements Column 1
      1513 26 MR-SENATOR UNES TO UK/CONTINENT TO MEDfTERRANEANCANADA VtSSIt ¥0Y ajT 1 LtM RTM MW HAM MV fU Klltl VOT UN Off IK FOI MX MTW TIUOC HARVEST WOMB 1101 07 02 00 02 05.1t 0102 00 02 PATMOSKMTOR WMN6 14 01 >1 11 02 02 M B »02 1312 HANJM VALENCIA
      1,513 words
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      Page 26 Advertisements Column 2
      868 26 MAC-NELS S'PDRE M'SIA [""TTjn Carrier: MN COUTH IMS, INC p. qudang: to?) *****2s I IVV J C* MO. IWW7ROOOON StBU: (084) *****8 MAMLA: (832) *****24 PCNANG: (04) *****38 BANGKOK: (882) *****87 SURABAYA: (31) *****0 P. KELANQ. (03) *****77 JKT (21) *****07 MON: (81) *****3 KUCHINQ (082) *****1-8 BARCELONA SURABAYA MV
      868 words
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      Page 26 Advertisements Column 3
      540 26 S&IJESSELTON LINE WSr jA TILi M ***** PAX< ISUIIS MUARA LABUAN vesa vor no eu vtssti voy rro rr* spom muaju spore IBM STRAITS NOP! VOII/00 15/0111/01 MHI VOll/99 IS/01 If/01 CAtAKA JNO-32 VO2E/09 19/01 21/01 CARAKAMRM2 VOX/99 10/01 23/01 J nova VOIE/00 22/01 20/01 STRAITS HOPE VO2I/99 27/01 31/01
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      Page 27 Advertisements Column 1
      1030 27 VESSEL VQY SIN PKO~ PEW PQB DUB DAM 3HJ BA BIK IRAN TABATABAFt PJLI33I 25/01 04/02 07/02 03/02 05/02 07/02 KNTEYFOURI PJL 328 05/02 16/02 19/02 15/02 17/02 19/02 TBN 13/02 23/02 25/02 22/02 24/02 25/02 PAN SATTARI TBN 20/02 02/03 05/03 01/03 03/03 05/03 |!RAN TAKHTI TBN 27/02 1
      1,030 words
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      Page 27 Advertisements Column 2
      2384 27 Wnkly to Ewopi Mela Portf 1 ivory Monday mmi Saturday I Diroct to Iroionliawoa in 20 iay«J SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 K>HO«IiOTW: I COSTAR SHIPPING PTE LTD #17-OSDISIU>G SW.ES/IKGS *****57/60 INWARD ocn CD/O) *****85 COSTAR AGENCIES (W SON BHD CR
      2,384 words
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      1316 28 EUROPE/UK/SCAMDINAVIA/FINLANO/RUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL S6P E DELUXE RW-000 17/91 06/V2 06/02 M.D2 09/02 10/02 E. RACER RE-017 17/12 19/12 10/12 20/12 22/12 1 4/01 15/01 E DELIGHT RW-006 24/01 12/02 17/02 IXO2 15/02 16,08 17/02 E. REPUTE RE-025 24/12 27/12
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      Page 28 Advertisements Column 2
      997 28 ADVANCE CONTAINER LINES (PTE) LTD A Z 140 Cadi Street #12-00, PIL Building, Singapore *****0 XA 1 I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CB NO. **********0E OPERATIONS: *****6ty *****05 BANGKOK I JAKARTA (Wfcly 5 Sly PUT/2 Sift LCW/1 »l| »MT) (5 milfOltft) UTSS" VOY sm MOC. VtSSB.
      997 words
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      Page 28 Advertisements Column 3
      612 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA wag. vov sw puj dm» m cn to NANIAIfWNCBS VO26S 19/01 02/02 05/02 04/02 NAMUIQU€EW TottT 24/01 ~04/0T 01/02 "n/w" 12/02 IS/02 NANUIMAGON Y.OIIS 06/02 15/02 19/02 ***** 23/02 WAKIAJ fKIWCE V.027S 14/02 27/02 02/03 03/03 NANUI VENUS V.032S 19/02 21/02
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      454 29 BSfl x mmK MYANMA wBBk FIVE STAR UNE (Myonmor Nationol Line) W Loading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU DAWH 2W SID HNYA 160W 21/01 MAUTSU AGENTS: KXrtTUO SHIPf ING AGENCIES KUL- TU (03)*****00 PKL Til (03)37M101 PEN: TH (04)*****02 PGft TEL (07) *****21/4 BANK LINE (A
      454 words
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      Page 29 Advertisements Column 2
      1264 29 HMMEHYUNDAIMERCHANTJMARJNECOj^D^^^^ Ivcsa VOY I SM SOU 1 UN I RTM I ANT I HAM ORV FR I |VISSa VOY I SOU I 1» I RTM I ANT I NAM NV I HI I SM I HYIAMN 317W 14/01 01/02 06/02 03/02 04/02 ELM S5« 21/12 M/IJ 23/12 14/12 14/61 NOHOUn
      1,264 words
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      Page 29 Advertisements Column 3
      1185 29 V- nocMogian ipeaafzed <x*xorrien Q§@@@ HI HOdtH rISSS. U VlSStt VOY RAMP HEIGHT SIN LAX CKL NUA SAW BAL OiF I MYC WW MM TAMPA F902 4001 mm 6.3 M IN PORT 09/02 ***** 21/02 23/02 25/02 26/02 27/02 04/03 07/03 TALABOT F903 4001 ms 6.3 M 26/01 22/02 02/03
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      712 30 BANOKQ«/ MAP TA PHUT/ LAMM CHABANO] J AKAWTA/PA WJA WO L VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJW OANUBHUM 24N In Pt 17/01 "woT GURU BHUM 112 SB In PI 17/01 MATHU BHUM 396N 18/01 20/01 19/Q1 DEJA BHUM 782S Ift/01 20/01 I ACXRUBY 39N 17/01
      712 words
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      Page 30 Advertisements Column 2
      514 30 i&BSS INDONESIATBmONAroNE^ TO EUROPE I feXPWESS SERVICE VSt I VOT rVpQif I *'PMI/I'DAJi| H'WtC MBMH k VKSII I 1Y»I I M/W H/W OMIT M/H TO AUSTRALIA ~i RJLL COWTMNB3 SERVICE vu Ivor I rtc aw"! F«f |M 1 STD IMI 1 I«n ni wiwarr m u/»i u/*i n/oi w/oi oi/oi
      514 words
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      Page 30 Advertisements Column 3
      883 30 yggsw j VOY W I PKL MLA LEH FTTM HAM ZEE SOT y l P QE VELA N29W 19/01 20P1 Qg/02 Qjgg Wg 11AB 13/08 14^2 VXE OE SHANGHAI H2BW 26/01 77/01 08/08 15/02 10/08 17/08 19/08 30*08 un i P nvuMmn Y29W 02/02 03/02 16/08 22/02 23/02 24/02 26*08
      883 words
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      42 31 DIRECT SERVICE to INDONESIA PT. Pelayaran Meratus HUAL Check It Out Page 6 On Page 13 ,4 J New Service To Shanghai direct service J to Calcutta g Tj3i Wan Hai Lines Qwj shipping Page 5 Page 12 (Mon/Wed/Fri) i.jt a 2
      42 words
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  • Page 33 Advertisements
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      50 33 ST^|Djal74o^o^^O^u€ni3nCl (Retrieve more schedules!) •*:•< i Press "1" JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 STlFjj Key in your fax number sg© Enter your phone number Another innovative service offered by The document will be i SHIPPING TIMES £,>££„ V'r:
      50 words
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      Page 34 Advertisements Column 1
      142 34 C FREE Reader Enquiry Service »< cut out and fax to: 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) I I SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by Port of Destination: Cargo Volume: Special Requirements. Q ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      128 35 LEGEND: R Thunderstorm Temperature c X\ y Shower Weather Wind direction with speed in knots Rom Cloudy Sky Wove he, 9 h Surface winds ore indicated by arrows which fly with the wind One full circle represents calm or light ond variable winds One half Heche represents 5 knots I—
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