The Business Times, 4 November 1997

Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 02a/12/96 85C SI NGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, NOVEMBER 4.1997
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  • 17 1 srn ma* (+U7.88) Plir«i U HUB (+61.48) btoohp U mm (+85.78) D msf(+siii) BST'T '1
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  • 705 1  -  Boost from nqdah's gun on IMF aid, Soros'comments on end of Asian turmoil By] R Sivanithy [SINGAPORE] After the trauma of last week, the region's major stock markets came roaring back yesterday following the US$23 billion (5535.8 billion) International Monetary Fund aid package for
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  • 109 1 Reuters [NEW YORK] US stocks surged in noon trading yesterday, gaining 2 per cent after a general recovery in overseas markets re-ignited the bullish mood on Wall Street. At 12 noon EST the Dow Jones industrial average was up 160.62 points at 7,602.69 as
    Reuters  -  109 words
  • 1024 1  -  HAS, BOJ,BI hold out possibility of farther intervention Froml S N Vasuki in Jakarta IN A powerful vote of confidence in the Indonesian economy, three central banks the Monetary Authority of Singapore, the Bank of Japan and Bank Indonesia intervened in the
    Source: Dow Jones  -  1,024 words
  • 859 1  -  From Harish Mehta in Bangkok THAILAND'S embattled prime minister Chavalit Yongchaiyudh last night announced he will quit on Thursday and his party offered the post to respected former leader Prem Tinsulanonda. The decision to offer the premiership to elder statesman
    FILE PHOTO  -  859 words
  • Page 1 Advertisements
    • 163 1 MM Mum. IHNJIB W*" Ttoe French economy is under threat as truck tfrfttra, demanding higher ▼ages, went on an strike, Mnrfgftij roads, oil refineries, ftiel depots and industry, jlllUfnaiifm j? T M I HiMam if DS$ > stacks kit Some Singapore-listed US| stocks, *ith the bulk of their businesses baaed
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    • 8 1 More reports on Markets in Turmoil, Pgss& 6
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    • 25 1 New corporate failures hit Korean won, Pg 6 Stronger dollar no cushion for those holding US* stocks, Pg 18 The West's growing bubble, Pg 12
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    • 118 1 Zealand s troubled 11-month-old coalition government was thrown into crisis yesterday as Jim Bolger announced he would resign his prime ministership. His successor is almost certain to be ~.z_ V Jenny Shipley the fifth-ranked CabineUO' ■minister and Mr Bolger's strongest V challenger, roll report, P* 8 1 4 ri ;r-'t
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  • SINGAPORE AT HOME & ABROAD
    • 641 2  -  Move marks group's bid to become major player in region's electronics business By Ronnie Lim SHRUGGING off the currency crisis, diversified US conglomerate 3M yesterday announced half a billion dollars worth of new investments in Singapore in its bid to become
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    • 224 2  -  By, Frances Lui CONNECTOR supplier Molex Singapore has invested $23 million in new technology and infrastructure to meet growing demand for its products. Its Jurong plant has expanded by nearly 50 per cent to 19,000 sq feet, a move which will raise its manufacturing
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    • 549 2  -  As long as there is some payment, banks say they won't poll the plug By\ Siow Li Sen ANYONE unable to service their mortgage because of a drop in income arising from an economic slowdown need not fear losing their homes, say bankers.
      FILE PHOTO  -  549 words
    • 29 2 SANTOKU Merck Pte Ltd's upcoming plant in Tuas will produce hydrogen peroxide, and not hydrogen as reported on Nov 1. We are sorry for the error.
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    • 338 2  -  EYE ON THE ECONOMY Finance By i Clarissa Tan GROWTH of total assets in the Asian dollar market tapered off slightly in the months of July and August, according to latest data from the Monetary Authority of Singapore. At the end of August, total assets
      Source:  -  338 words
    • 445 2  - Supplier takes Carrefour to court over lower prices and loses Lam Soon fails in bid to stop hypermart V from selling below recommended price By, Ang Wan May CARREFOUR can offer goods for free if it wants to and will not have any supplier telling it how its products should
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    • 207 2 DISK-DRIVfi component maker Nidec Corporation announced yesterday that it will invest $24 million in a production plant in the Bintan Industrial Estate (BIE). The Osaka-listed maker of high-precision spindle motors will make bracket and hub assemblies to support subassembly operations for drive motors
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    • 107 2 The Straits Times THE Workers' Party has asked the government to explain whether its decision to lend Indonesia US$5 billion (Ss7.B billion) was taken by the Cabinet or Prime Minister Goh Chok Tong when he was in Jakarta. WP secretary-general and Non-Constituency MP, J
      The Straits Times  -  107 words
  • Page 2 Advertisements
    • 128 2 w jL u; Perhaps It's the way we move for you. In this fast moving corporate world, isn't it nice to know there's one corporate venue that moves just as fast? The 5-star Marina Mandarin Singapore. Fast, efficient service. With a 10-year track record and covering over 7,000 corporate meetings,
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    • 103 2 Find out at the Thomibn Bank Watch Workshop ASSESSING THE CREDIT RISK OF ASIAN BANKS A survey of 15 banking systems in Asia Reviews current issues affecting creditworthiness Conducted by the world's largest bank credit rating agency Hong Kong Singapore Nov. 13-14 I Nov. 19-20 iS~ For more information, contact:
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  • Page 3 Advertisements
    • 510 3 I BREITLING 1 1884 NAVITIMER SSSkk Early this century, aerial navigation was /^Th e Breitling Academy thus stages aerobatics essentially a matter of dead reckoning, with the training courses where pilots have an aid of a map, an altimeter and a chronograph. opportunity to fly the three current top Cockpit
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  • FOCUS: PROPERTY
    • 665 4  -  It has plenty to sell in a market facing oversnpply but will it bite the bullet and cat prices? THBPEOPHRTT COLXJMV By Lee Han Shih FOR shareholders of listed First Capital Corporation, the most "scary" sentence in the company's latest annual report must be the one
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  • Page 4 Advertisements
    • 334 4 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE AT DUCHESS ROAD Site Area Approx. 46,771 sq. ft. Tenure 999 years Plot Ratio/Height Control: 1.4 Up to 4 storeys QU,ET VERY CONVENIENT. 5 minutes walk t0 BuWi Timah Road Coronation Plaza, /fA/y Nanyang Primary School and Hwa Chong >y Junior College y^SiSffSry/&
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    • 177 4 < r~7\ Catch whit's I M«i ia I I teat Bin it ia Sn4«| Clsssifisd MikuJ. SMrtV+y fa aftj[cjy Locate its owner through Classification 821 (Found). Simply call CJL.T.S. at 1800-737-1166 for this free service. t Another Classified Service INDUSTRIAL PROPERTY FOR SALE BY TENDER 13 fBUMTnMOR] (OFF JALAN BUKIT
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    • 286 4 FOR SALE BY TENDER tndMdualty or On Enbloc Basis Exclusive FrsshoM Land 0 Sites at Sprlngleaf Avenue, Sprlngleaf l<) Site In Sennett Estate Garden Estates 21 Buturfly Avenue Parcel A Lot 2880 MK 20 8594 sq. ft Land area: 7995 sq. ft. Parcel B Lot 2882 MK 20 10,204 sq.ft.
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  • MARKETS IN TURMOIL
    • 643 5  -  Rmnhftng tn »nka legal action against finance minister over closure of ailing Andromeda Froi S N Vasuki in Jakarta ONE of Indonesian President Suharto's sons said yesterday he will challenge in court a decision to liquidate a bank in which he is
      REUTERS  -  643 words
    • 405 5  -  Bourse ends day at 11,255J1, brokers see resistance at 12,000 From Quak Hiang Whai in Hongkong THE Hongkong bourse, led by red chips, resumed its recovery yesterday, soaring 631.33 points although the market remained unconvinced that trading has stabilised. Powered by falling interest rates,
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    • 443 5  -  Bank Indonesia estimated to pnmp in USslb to boost currency By) Larry Wee (SINGAPORE) The Indonesian rupiah rose a massive 8.5 per cent on news of a generous IMF-sponsored rescue package and aggressive buying of rupiah by Bank Indonesia (BI) in
      Dow Jones  -  443 words
    • 620 6  -  SINGAPORE Bad ddrts casting lengthening shadow over country's banks and recovery; wen falls to new lew By] Louis Beckerling SOUTH Korea's financial markets continued to be haunted yesterday by the spectre of further corporate collapses triggering bank failures. As a result, while other regional
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    • 317 6  -  IMF, Warid Bank also urged to help make dealings mm transparent From Yang Razali Kassim in Kuala Lumpur LEADERS from the developing world yesterday called on the International Monetary Fund and the World Bank to take steps to regulate global currency flows which
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    • 590 6  -  ffnhnrtir ill mi mutiMtt ffiiTftucy trading system for first time By Yang Razali Kassim THE three-day summit of leaders from the Group of 15 developing countries kicked off yesterday in Kuala Lumpur with host Malaysia's Prime Minister Mahathir Mohamad calling for
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  • Page 5 Advertisements
    • 3 5 Editorial, Pg 12
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    • 68 5 i "ui J" .H'i. A..# jßliga?' vipi- ll 1 ill i'.! ill.. "DAILY YANGON AT 1.35 OUR NEW SCHEDULE WITH EFFECT FROM 26TH OCTOBER TO YANGON, MYANMAR FROM* SECTORS DAYS FLIGHT DEP/ARR Sifpo™ Ddfr U8332 1356/14SS FROM YANGON, MYANMAR TO. SECTORS DAYS FLIGHT DEP/ARR flyiiwi Daifr U8231 0800/1220 AM Immitime.
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  • Page 6 Advertisements
    • 163 6 if s_ FRASE *^^S '-lII™ Ib IF B B 888 BB living environment that helps HS families build relationships. ■MMB^WBB—BiiBHfBW^BBMBi—^^^^B Located at Robertson Walk by Singapore River, comprising a choice of fully fur- nished 1, 2 and 3 bedroom apartments. s With facilities that include an informal cafe, swimming pool,
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    • 9 6 New Core Group to seek court protection, Pg 8
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  • REGION
    • 369 7 HONGKONG Growth momentum in economy still strong, says govt AFP [HONGKONG] Hongkong's real gross domestic product (GDP) grew in the second quarter of 1997 by 6.4 per cent year-on-year, spurred by an Ihcrease in domestic demand, official data showed yesterday.
      AFP  -  369 words
    • 244 7 a BEIJING Reuters CHINA'S gross domestic product (GDP) is expected to grow by an average 8.6 per cent annually in the 1996-2010 period, according to an official forecast in the Economic Daily yesterday. By 2010, GDP would hit 20 trillion yuan (553.74 trillion)
      Reuters  -  244 words
    • 441 7  -  TAIPEI Island may have to scrap tariffs for some 8,000 items: official By\ Bruce Cheesman TAIWAN'S entry to the World Trade Organisation (WTO) could cost the island between US$4BB million (*****.8 million) and US$52l million in lost tariff revenues, according to a
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    • 153 7 LOS ANGELES AFP CHINA will be democratic in the next century. Chinese President Jiang Zemin said at a farewell dinner here before heading back to Beijing early yesterday. "In the 21st century. China will be built into a strong, democratic, culturally advanced and modern
      AFP  -  153 words
    • 155 8 *jfcOUL AFP son of South Korean Jj!|«iident Kim Young Sam freed on bail yesterday a Seoul prison where he Smed almost six months of a *ys.-year sentence for influ-Mpfcf-peddling and tax evasion. in the back seat of a limousine, which news rilrirts said belonged to
      AFP; REUTERS  -  155 words
    • 193 8 S&OUL AFP (DR South Korean distribNew Core Group, bowing owballing debts, notified tors yesterday that it i seek court protection to off collapse. roup chairman Kim Ui informed the group's creditor, Korea First (KFB), of his decision to or court mediation for
      AFP  -  193 words
    • 603 8  -  AUCKLAND NZ premier's move pre-empts challenge for leadership by Transport Minister Reports by David McLoughlin JIM Bolger said he will quit as prime minister of New Zealand last night in the face of a strong challenge to his leadership from his Transport Minister Jenny Shipley. His
      REUTERS  -  603 words
    • 382 8 JENNY Shipley, who is expected to become New Zealand's first woman prime minister, is a farmer's wife from the rural township of Ashburton, south of Christchurch in the South Island. A strong-willed and politically savvy woman, the 45-year-old was elected to Parliament in 1987 and became
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    • 250 8 COLOMBO Reuters THE unveiling of Sri Lankrt new budget this week it expected to revive confidence In the country's battered stocks, brokers said. "Expectations are for fen investor-friendly budget This would be what the market needs to get back," said Aslam Ahamed of
      Reuters  -  250 words
  • Page 7 Advertisements
    • 182 7 vrrrV#' ~<T IVi wkm P Singapore's one and only duck restaurant at Hotel Negara An unforgettable dining experience of exciting duck dishes set against rustic beauty. l Hotel Negara, 10 Claymore Road, Singapore *****0 Tel: 737 0811 (Hotel Negara is located beside Orchard Toivers) ff^TW r H TfWITMTft BT With
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  • Page 9 Advertisements
    • 138 9 Sometimes the best way to get to the bottom of things can dramatically reduce drilling costs, but more importantly, it greatly isn't straight down. For example, there are vast reserves expands the world's usable reserves. In many cases, vertical wells that of oil and natural gas In formations that are
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  • THE WORLD
    • 476 10 UNITED NATIONS US rejects Saddam's call for dialogue, says US participation in not negotiable Reuters, AFP IRAQ has agreed to accept a United Nations mission that Secretary-General Kofi Annan is sending to Baghdad to try to resolve the crisis over
      Reuters,; AFP  -  476 words
    • 382 10 LONDON AFP THE Asian financial crisis, which last week showed signs of spreading to Latin America, will cool global economic growth next year to 3.9 per cent, from 4.5 per cent forecast before the turbulence began, a study forecast yesterday. HSBC
      AFP  -  382 words
    • 520 10  -  WASHINGTON Market volatility may tip balance in favour ef legislation By] Leon Hadar FOLLOWING long negotiations between the White House and the Republican leaders on Cfepitol Hill, the US House of Representatives is expected to vote on Friday on President Bill
      520 words
    • 356 11 JOHANNESBURG After US, M'sia now the second largest investor with fands in property, telecom* Bernama MALAYSIA has emerged as the second largest investor in South Africa after the US, with investments totalling US$3.B billion (Ss6 billion) in under three years. "Malaysian investors
      Bernama  -  356 words
    • 182 11 AACHEN, Germany Bloomberg, Reuters BUNDESBANK president Hans Tietmeyer said yesterday that the German central bank wiU do all it can to prevent increases in inflation ahead of the adoption of the proposed European common currency in 1999. The Bundesbank "will do
      Bloomberg,; Reuters  -  182 words
    • 250 11 WASHINGTON Bloomberg US personal income continued to climb in September, prompting continued spending and suggesting that shoppers were still driving the economy before the stock market plunge. Personal income rose 0.4 per cent in September after climbing 0.6 per
      Bloomberg  -  250 words
  • Page 10 Advertisements
    • 885 10 BUSINESS \()tl('(S lo ;i(l\crlist ciill toll-In-i ISIIO 741 INS.* :j WING TAI HOLDINGS LIMITED t- (Incorporated in Singapore) J j NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 33rd Annual General Meeting of the (Jompany will be held at Camelia 1 (3rd Level), Hyatt Regency Singapore, 1&-12
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    • 43 10 Get to know the many |j listing items for sale services offered business opportunities used car listings I m announcements travel i destinations real estate i listings ...and bargains to be found in The Straits Times I Classified! CATS. 1 10, qI km
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    • 24 10 GINGA Is Newly-Renovated And Features A New A-U-Carte Menu Still Serves An Old Favourite M y^° u price fJUH SUSHI TEPPANYAKI' \L Coffee/Tea t*
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  • Page 11 Advertisements
    • 227 11 .ymUUfilwWureftttte Witil |wr SUCCESS W mm r p A facility located at '—HI Ready for ocapatiwi: r ngn Entrance lift lobbies finished with polished granite. Covered fcHllj I# #W drop-off at each entry for tenants and visitors. 310 covered parking lots are provided. Provision of 9 container bays and 7
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    • 75 11 I W^^H. > 1 out this coupon for your NOVEMBER TRIAL GAME fer flbr irrf I Br Occupation: Company: Tel: (Office/Home) Pager) Fax: Fax this coupon to 225 0933 Tering Bay Development Pte Ltd 105 Cecil Street, The Octagon #11-04, Singapore *****4 I v WE BELIEVE THAT NO TWO PEOPLE
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  • EDITORIAL & OPINION
    • 778 12  - America's latest fixation the US miracle THE BOTTOM JJMB OPINION *v Leon Hadar The writer is BT's Washington correspondent NOT UNLIKE the American public and its obsessive preoccupation with the celebrity scandal of the day —the 0 J Simpson murder trial or the travails of the British royal family, Washington's
      778 words
    • 104 12 it's funny that prisoners have work and can eat but honest people have nothing to do.' A worker in China's Hrikmtfang province on observing convicts tilling the fields while there is 30 per cent unemployment in the province. 'Health care is bigger than business. It should not
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    • 611 12 EDITORIAL ITs a tumultuous time for investors around the world as stock markets go through wild gyrations, leaving many dazed and bewildered In just one day of frenzied trading in Hongkong, stocks melted a stunning 10 per cent Global stock markets, including Wall Street, nearly went
      611 words
    • 999 12  -  Actions ef mutual fond holders are key to when Wall St and EU stock markets deflate By: Neil Behrmann The writer is BT's London correspondent THEY couldn't say that they weren't warned. The problem was that Wall Street and the European stock market boom had gone on
      Source:; FILE PHOTO  -  999 words
    • 233 12  -  MAILBOX Ng Soo Chaio Singapore I REFER to the article "Invest with extra care, says CPF Board" (BT, Oct 31). I agree with the CPF spokeman that "generally, trustee stocks are less risky than non-trustee stocks". I have been actively involved in stocks
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    • 637 12 WttrteeutiMtinlu THE almost US$4O billion (5563.3 billion) in aid pledged by multilateral institutions and country donors to the Indonesian government and the technical support and direct surveillance by an international team of experts led by the International Monetary Fund for the next three years will help
      637 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 51 12 POOMESBURT By Garry Trudeau o OKAY, SUGGESTIONMHSN YOUMAK3 THZ PU&,YOU G£X^JBEk £*6$ NUMOBRTWO ARISTOCRACY A CLOSSP I AIR OUT YOUR &NES.YCUUXK\ H )OUR MUTSNCE FT HAS TH STOP MARRYING dtOSfSTCM, YOURZ I 70TAUY MUTATING Mc U ANP MAPNS&G.jXfINYONZ m AMONG YOUR- J1&T906&N6 L S&&Z OF ENTITLEMENT. M Y£S,OU&N f( S&NMY\
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  • EXECUTIVE LIFESTYLE
    • 769 13  -  Shanghainese are becoming less inhibited about their sex lives, says jambs habozmo JAMES HARDING FT EOPLEmake love more nowadays," m says Chen Kai. And he should know. On Saturday evenings, Chen, Shanghai's best known sexologist, appears on the popular Night Talk radio show and casually fields
      FT  -  769 words
    • 364 13 FOOD Reuters [HONGKONG] It isn't just stock market punters who have been suffering in Hongkong lately. Vendors of a favourite delicacy, Shanghai crab, say sales have plummeted because people are afraid the name of the dish will bring them bad luck in
      Reuters  -  364 words
    • 350 13 GOLF Reuters [HOUSTON] Once again, David Duval was unrelenting and unbeatable. What was a sensational run continued on Sunday at the Tour Championship, the PGA Tour's season-ending event. Duval won his third consecutive start in true championship fashion, topping an elite field of the
      Reuters; REUTERS  -  350 words
  • Page 13 Advertisements
    • 17 13 By 2000, USs2oobillior|^H worth °f biisiness^^^H will be done on the Internet. Sign up with us today!
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    • 46 13 I Q KIBI BAR I WMCHTIMJS! I Burgers, Sandwiches and Salads from m $6.50. Budget Meals from $9.90. I Soups and Stews at $3.90 I AMKMCA'snminrnQ AMD BIBS I AUmiUBUrOBUIkICHI I 1/1 231/233 ttver felley tad (opposite Imperial J\ JI Hotel) Nrti* at Hotel Tel 7B3S*
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  • Page 14 Advertisements
    • 179 14 The Jaguar Golf Marathon '97 ss 1 Golfers from all over Singapore will be making history when they tee off today in The Jaguar Golf Marathon played at Orchid Country Club. After all, this is the l^AGUA]^^^ j [jfX 1 first time a golf marathon has been organised the ultimate
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 804 15 TV&RADIO I*9o News 5 Tonight. 830 Berita 'I" Tu", ILOO Business Day. 830 Anugerah 12. 2.00 PM TV Innovations. ILIS Perspective. 1030 Japan Hour (Weekly H|^ 230 The Winners. 12.00 MN Law And Order News). iiiAl 7^ 330 Money, Money, Money. Blue Bamboo. 1030 Japan Hour Heaven's j 030 How
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    • 174 15 CRYPTIC CROSSWORD 10 Perhaps a German? No, he's 1-^J—i^J— 12 Commotion as rum is drunk in hearing (7) 29 Irishman goes to church for a spirited meeting (6) YESTERDAY'S SOLUTION ■m MU 91 am to fine John for selfish attitude (2,3,5,4) rgJi iSi liMiJ il^ R KI I lil 11
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  • Page 16 Advertisements
    • 160 16 I YOU'VE GOT $710 MILLION TO IMPROVE I I THE LIFE OF THE BUSINESS TRAVELER. I I How do you spend it? I M V" MB M -sLaim. m 1 L 1 I jBI^ i ~j I P Vii. liyiigii 1 14 till j ■SMRb;. wW/v' H 1%: V \y
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  • COMPANIES & MARKETS
    • 485 17  -  Bankers said to be poshing for change as there is no formal lease agreement By< Ang Wan May [SINGAPORE] With bankers hot on its heels, Yaohan's IMM Holdings has applied to change the land use of its IMM Building from warehousing
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    • 307 17 [SINGAPORE] Singapore's second board, Sesdaq, which was launched 10 years ago, is poised to welcome foreign counters into its ranks. In an interview in the latest edition of Smart Investor magazine, Stock Exchange of Singapore (SES) president Lim Choo Peng said "it
      307 words
    • 130 17 [SINGAPORE] Roly International has become the exclusive licensee for Zhima Jie the Chinese version of Sesame Street retail outlets, apparel and accessories for China, Hongkong, and Taiwan. Zhima Jie is jointly produced by the Children's Television Workshop (CTW) and Shanghai Television. The programme is expected
      FILE PHOTO  -  130 words
    • 682 17  - SIA shares: investors coming round to analysts'views HOCK LOCK SIEW Conrad Raj WHILE analysts were screaming a "buy" on Singapore Airlines after it announced its interim results on Oct 24, local investors were still dumping the shares following the panic selling that started in Hongkong just a few days earlier.
      682 words
    • 386 17  -  IPO WATCH By Annette Pau [SINGAPORE] Electronics contract manufacturer Transtech Electronics said yesterday it has received in-princi-ple approval for its mainboard initial public offer. Sources say the IPO of some 35 million new shares is likely to take place in the middle of next
      386 words
    • 405 17  -  From Surinder Singh in Sydney SINGAPORE company Lian Huat has abandoned plans to float its AJ2OO million (*****.3 million) Australian property holdings. Lian Huat Group deputy chairman Ken Kho was quoted in a report in The Australian Financial Review as saying the
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    • REGIONAL COMPANIES
      • 660 18  -  Some counters with bulk of businesses outside S'pore badly hit by regional woes By Annette Pau [SINGAPORE] Of late, the greenback has been strengthening against the Singapore currency, but this is scant consolation to investors holding Singapore-listed US$ stocks amid the
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      • 336 18 But managers are adopting a cantku outlook for tkis year (SINGAPORE] The Singapore Regional Index Fund, Singapore's first listed open-ended fund, posted net earnings of $3.77 miUion for its first 10 months of operation. Launched, owned and managed by
        336 words
      • 173 18 (SINGAPORE] Listed ST Electronic Engineering (ST E&E) has won a $100 mUlion contract to provide the Ministry of Home Affairs (MHA) with a fUlly integrated communications network. The contract, awarded to subsidiary CET Technologies, takes ST E&E's total orders in hand to $680 million
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      • 432 18  -  Fond manager's global technology fond draws $52m By i Clarissa Tan [SINGAPORE] Despite Malaysia's recent financial woes. UQB Asset Management's newly-launched fund investing solely in the Kuala Lumpur bourse has so far attracted a decent $20 million, associate director Tan Chin Kong
        432 words
      • COMPANY Briefs
        • 42 18 [SINGAPORE] A subsidiary of marine-based Pan-United Corp—Pan-United Shipyard—has clinched a no aiUUon contract foom Sweden's United Tankers to complete the building at a doubled-hulled tanker. The vessel is expected to be completed and delivered next April.
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        • 47 18 [SINGAPORE] Singapore Airlines launched a new airport-to-airport cargo service called Timerider. The service, effective last Saturday, allows cargo to be delivered as late as four hours before departure and it will be available as early as four hours after flight arrival
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        • 67 18 MRCB buys more shares in NSTP ,TV3 Reuters [KUALA LUMPUR] Malaysian Resource! Corp I*lul (MRCB) said yesterday it had bought more shares in New Straits Times Press (Malaysia) (NSTP) and Sistem Televisyen Malaysia Bhd (TVS). MRCB bought NSTP 504,000 shares at 6.75-7.70 Malaysian ringgit a share and 346,000 TVS shares
          Reuters  -  67 words
        • 48 18 Bloomberg [KUALA LUMPUR] Malaysian power producer Powertek Bhd said net profit for the third-quarter ended Sept SO rose 33 per cent to 26.5 million Malaysian ringgit (Sfl&S million), as loan payments shrank and revenue roee. Powertek said revenue rose 8.2 per cent —Bloomberg
          Bloomberg  -  48 words
        • 42 18 Reuters [KUALA LUMPUR] Furniture maker Kenmark Industrial Bhd debuted on the Kuala Lumpur Stock Exchange's Second Board yesterday at 4.60 Malaysian ringgit against a RM4.00 offer price. The company had offered 5J5 million public shares.—Reuters
          Reuters  -  42 words
        • 55 18 Bernama [KUALA LUMPUR] Globetronics Technology Bhd, a maker of ceramic substrates and microchip packagw, debuted on the Second Board of the Kuala Lumpur Stock Exchange yesterday with a gain of 66 sen over its BJO Malaysian ringgit offer price. It ended at RM4.46 on
          Bernama  -  55 words
      • 307 18 Bloomberg [JAKARTA] PT Lippo Securities, one of Indonesia's largest domestic stockbrokers, will fire most of its foreign analysts, salesmen and traders in a cost-cutting plan, two people familiar with the situation said yesterday. The move follows this year's 22 per cent decline in the country's
        Bloomberg  -  307 words
      • 461 19 Radical move comes after creditors refuse to extend loans; capital adequacy fan* Reuters, Bloomberg [TOKYO] Sanyo Securities, one of Japan's most troubled brokerage firms, yesterday filed for bankruptcy protection from its creditors. The filing, with Tokyo Regional Court, was confirmed by a court official.
        Reuters,; Bloomberg  -  461 words
      • 157 19 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hongkong's main carrier, said revenue slumped in the first half of October as tourists shunned Hongkong. Revenue was below the airline's target through Oct 18, the carrier said in its company newsletter. That came after declines in traffic
        Bloomberg  -  157 words
      • 284 19 Instead Poon family will take 80% stake in fashion retailer Bloomberg [HONGKONG] Dickson Concepts (International) Ltd said yesterday it passed over the opportunity to acquire Hong-kong-based fashion retailer Shiamas Ltd partly because of an expected downturn in the retail sector. "There's no question the
        Bloomberg  -  284 words
      • 327 19 Lee Hon Chin upbeat about prospects for HK, China AFP IHONGKONGJ The Stock Exchange of Hongkong said yesterday that it has elected Lee Hon Chiu, chairman and managing director of Hysan Development Co Ltd, to chair the exchange. He will replace Edgar
        AFP; REUTERS  -  327 words
    • INTERNATIONAL COMPANIES
      • 424 20 Brokerage firms of need for capacity to handle op to 5 billion shares a day NYT [NEW YORK] Like the fourminute mile, the billion-share trading day was an achievement that had been long anticipated but not fully expected until last Tuesday,
        NYT  -  424 words
      • 93 20 Country Road denies report on Marks Spencer deal Bloomberg [MELBOURNE] Country Road Ltd denied media speculation it is about to win the Australian franchise rights for Marks Spencer pic, the UK food and clothing retailer. The Australian Financial Review earlier reported that Country Road is in prime position to win
        Bloomberg  -  93 words
      • 306 20 Aussie media mogul pots his Fairfax shares in nnit trust Reuters [SYDNEY] John Fairfax Holdings' major shareholder, Brierley Investments of New Zealand, said yesterday that Australian media mogul Kerry Packer had actually strengthened his chances of buying more of Fairfax by parking
        Reuters  -  306 words
      • 234 20 FT [PARIS] Foreign ownership of the share capital of Elf Aquitaine, France's largest industrial company, has reached about SO per cent in one of the most striking illustrations of the changing structure of French capitalism. Foreign cash has recently poured into French equities, attracted
        FT  -  234 words
      • 248 20 Bloomberg [WASHINGTON] Cellular telephone pioneer Craig 0 McCaw's former wife, Wendy P McCaw, received major stakes worth at least US$46O million (*****.3 million) in Nextel Communications Inc and Nextlink Communications Inc as part of their divorce settlement, regulatory filings show. The couple, who
        Bloomberg  -  248 words
    • FINANCE & COMMODITIES
      • 337 22 Group may sell parts of BZW instead of insisting on selling entire bank FT (LONDON] Barclays is to consider selling parts of the equities and corporate advisory businesses of BZW if SwissAmerican investment bank. Credit Suisse First Boston (CSFB), fails to make
        FT  -  337 words
      • 240 22  -  But long-term market growth seen is still bright By\ Soh Tiang Keng [SINGAPORE] The turmoil in the rupiah will cause many short-term problems to Indonesia's insurers, though it will not affect the country's long-term economic and insurance growth. This is the general view of delegates
        240 words
      • 162 22 AFP [TOKYO] The Japanese government and the private sector are to jointly launch an experiment with electronic settlements of trade finance next year in an effort to simplify necessary procedures, a daily said yesterday. The Nihon Keizai Shimbun said NEC Corp, Fujitsu Ltd, Hitachi Ltd
        AFP  -  162 words
      • 241 22 SIMKX Report Reuters [SINGAPORE] Simex Eurodol lar futures slipped a few notches in thin trade yesterday as Asian stock markets rose on Indonesia's massive IMF-led rescue package and Wall Street's gains last week. But dealers said volumes were thin and ranges tight with Japanese markets
        Reuters  -  241 words
      • 156 22  -  MSCI TAIWAN FUTURES Perry Gilbert Perry Gilbert, vice-president, Rtfco Singapore Pte Ltd. [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract responded favourably to the US markets' gains and posted a 34.6-polnt rise to close at 320.6 in the November contract. Major buyers
        156 words
      • 239 22 ENERGY REPORT Reuters [LONDON] World oil prices jumped yesterday as a worsening row between Iraq and the United Nations over weapons inspectors fuelled fears of possible disruption to Iraqi oil supplies. Brent crude opened 43 cents a barrel higher here following firmer
        Reuters  -  239 words
      • 276 22 Reuters London THE US dollar added to its gains against the mark yesterday afternoon, buoyed by the good performance of world stock markets and by remarks on German interest rates by Bundesbank president Hans Tietmeyer. At 1220 GMT, the dollar was trading at 1.7418 marks against 1.7217 on
        Reuters  -  276 words
      • Article, Illustration
        1135 22 DtTBEBAWK OOW KATB8 NovS ar a l a «»a«S s& lasts ECU 1995 DM MM MOt 1972 1700 4UM77JK UM MO 1742 LOO ***** 39.949 LW 5.451 1.403 ***** 41S92 OuiT* LOS nam 0.M 0242 1427 0OI OJM 1429 12M 54IS 1207 1447 9444 0J75 7J00 6.045 02M 0.125 024)
        1,135 words
    • 1816 23 MCOMFUTTOBS tor 3 WHO (Mm dostog m at S .30**) RSS 1 CONTRACTU certs/*) Close VotaM Open Month Kkjfc Low Satt (touts) Interest Dec 97 134.50 950 Jm M nt so 1720 Feb 98 139.50 139.50 139.50 250 1770 liar 98 U3.75 ***** 142.50 450 1770 Apr/Jan n
      1,816 words
    • 2295 23 LONMN Mistrials ■a*} hu 31 Group 483 23 AS POrts 285 *1 Abbey National 964 14.600 AMod Domecq 499 12.600 Amec 143.400 unch Aide Croup 193.400 -2 BAT Ind 519 -1 BG Pit 268 9 BICC 164.400 untO BOC Croup 1025 *17 SB Petroleum 893.400 18 BTR
      2,295 words
    • Article, Illustration
      744 24 AFP Composite Index +L 29 SHARES closed slightly higher yesterday, with investors reacting cautiously to the IMF aid package announced over the weekend despite regional optimism over reforms that accompanied it. Some dealers said there was speculation about government support for key shares, matching official efforts on the forex
      AFP  -  744 words
    • Article, Illustration
      1653 24 AFP Q Hang Seng +63L33 jSHARE prices surged 5.9 per Iceht on bargain-hunting, lifted •bjr gains on Wall Street and stable regional currencies. J think the market has stabilised, amid an easing of fears over attacks on currencies," said a dealer. He said the bargainhunting was also spurred by
      AFP  -  1,653 words
    • Article, Illustration
      652 24 Reuters fl Shenzhen B Index -HQL3O THE Shenzhen B share market ended slightly higher yesterday, aided by robust gains on the Hongkong market. The B Index rose 0.30 point to 113.57 on turnover of HK$26 million. The A Share Index inched up 0.50 point to 416.31 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  652 words
    • 407 24 AFP HWP Index *332J6 STOCKS soared 4.6 per cent yesterday, buoyed by the prospects of better cross-strait relations as well as gains in Hongkong and Wall Street. Dealers said China-related shares led the upswing as the outcome of the US-China summit had alleviated concerns over the meeting's possible negative
      AFP  -  407 words
    • 261 24 Reuters FI Wellington +3437 SHARE prices closed firmer yesterday, boosted by Telecom's 30-cent spike to NZ$B.OB as confidence started to return to the market after last week's ructions. The NZSE-40 Capital Index ended 34.37 points, or 1.4 percent, stronger at 2,390.20. Nv 3 US *f- (OOP) AN2 Banking 11.30
      Reuters  -  261 words
    • Article, Illustration
      830 24 AFP FlSETlndci *0.23 SHARE prices posted marginal gains yesterday, but closed sharply down from morning highs after the senior economic adviser to the cabinet submitted his resignation. Analysts said that although Chatichai Choonhavan's resignation from the post did not mean his party the second largest in the ruling coalition
      AFP  -  830 words
    • 422 24 AFP n Composite hig +14.44 SHARE prices closed 2.9 per cent higher yesterday, boosted by foreign buying of blue chips after the foreign investment ceiling was raised. Dealers said foreign investors appeared to have been net buyers as their investment limit was increased to 26 per cent from 23
      AFP  -  422 words
    • 613 24 AFP fl All Ordinaries +3M THE local stock market recovered its nerve yesterday, ending 1.6 per cent higher after a choppy morning with investors seeking bank and industrial shares. "There seems to be a positive overtone to trading. Higher yielding stocks were the performers," said a dealer. The All
      AFP  -  613 words
    • 323 24 AFP pj Manila *7J7 SHARE prices closed higher in thin trade yesterday as investors went bargain hunting. "People are buying because the market is so cheap," said a broker. "But trading was too thin for the gain to be of real significance." The PSE Composite Index gained 7.17 points
      AFP  -  323 words
    • KUALA LUMPUR STOCK MARKET
      • 8484 25 9HMMMS 1**7 e TT r Day MM CM u» ClP*«ay fan ■OOP L— Pit tw 7*0 350 Apnomoto 3*6 4« 1 J* 3*6 1605 Ml 206 «N>«< M4 W 8J «°J ♦05 170 ApatoFaMM* 4M 2 I <" <M *3 W*.2 372 MWLKK «3* 2J 41J 4M 2XT OTi MO
        8,484 words
      • 264 25 AFX-Asia HOpmporitahig *63.03 STOCKS closed at an intra-day high yesterday on the back of Improved sentiment following an initial warm reaction to the International Monetary Fund's (IMF) rescue package for Indonesia. Dealers said the market was also given a boost by the firmer regional currencies.
        AFX-Asia  -  264 words
      • 92 25 c—S *7 *T MfM TT 4 7 S? si i < SB" I o pSSSSU 8 t SS5T** too T>v* 4 0 0 IMM 100 4 0 IW*/WarrMti Oil SMMJOmt* 240 13 CMM/run4 1 0 0 TWM m 41 >0 f vSAM Car* MM TfO gar m i 3 yr.
        92 words
    • WARRANTS & OPTIONS
      • 3754 26 ■OHM, LOANS i WARRANTS M IMT Ltit V* Day Kit Oiwte A«« HKjh Im Stno Company Sat* *or COOOI High Lo» Buy ar Satlar Prlca M 20.5 m 3000 m AMDS c5.5******6 21 22 5 25 81 15 3160 A Acar ******1 US$ 26 *4.5 16S 26.5 23 25.5 26.5
        3,754 words
      • 193 26  -  WARRANT WATCH By R Sivanithy IN THE past few columns we've high lighted oddities in the market, most of which have come about because of the speed with which prices tend to move in this current volatile environment. Today's feature
        193 words
    • 2356 26 MALAYSIAN STOCKS Gr Of 1997 L»t Vol Day Last Oust* Dtv 0«v Yld Net M Cap Hlgn Low Stno Cempeny Sal* (*000) Hlgti Law Buyer Seller C'»r P/t Smtl *478 120 ms 5000 AISB50C 155 Cd 245 156 UO 153 V58 VO 3.3 0.8 57 8 159.0 137
      2,356 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1149 27 -"""a-"*"- 3C "■Br i p Prseerties 23.44* liM 4S.4* M.433 W3.0W V 5SSS? ,W n m v« .5T &5 jss uzz s8 4§ scsoao ».4n twn tinlfm IjtBeta. Mmtmiml**! >a*g 1* ifct»w«fcwi»m«w, '%< iHp tMete MAM CIM i fff n ft MWM tt$ «f 2 0 'J f nwct 1
        1,149 words
      • 208 28 •RHBCap Wt99 19,028,000 Hotung InvNTS 15.195,000 IPCCorpn5c 12,611,000 SingTel t5c 11,663,000 •Rekapactfic Bh 10.730,000 AsiaFoodtProp 10,375,000 •MBf Coital 9,635,000 HK land USIOc 9,513.000 Wing Tai 25c 7,663,000 •M Resources 6,598,000 Marts S DBS Foreign 68,568,471 SIAFartign 56,481,195 U08 Foreign 34.509.480 SingTel 15c 30,115.213 OCK Foreign 26.799.015 HX land USIOc 23,222,438
        208 words
      • Article, Illustration
        19 28  -  Ven Sreenivasan the daily and weekly RSls are In neutral euggentntC :^%s^xEi at around the &50leoeL-by WmWne+mmm >
        19 words
      • 670 28  -  STOCK MARKET COMMENTARY Adding fuel to the rise Is talk of MSCI index changes involving heavier weightings for Foreign tranches of local bine chips By R Sivanithy [SINGAPORE] The strength of the continued recovery in the Hongkong equity market and a smart
        Chart info from Bridge  -  670 words
      • ON THE GRAPEVINE
        • 130 28 A BANKING analyst just back from a reconnaissance trip to Jakarta reports a remarkable degree of sangfroid to the Indonesian capital. Crisis? What crisis? Quite unlike the deep pessimism and gkmn evident in Bangkok because ofThailand's battered currency and reduced economic prospects, Indonesians both in the market
          130 words
        • 133 28 WHEN the market's as hot as it was yesterday, all eorts of rumours begin to emerge. Among them was talk that Morgan Stanley Capital International propoees changes to either or both of its Far Esst or Singapore indices, to reflect the sharply lower foreign premiums of the Big
          133 words
        • 141 28 WHY does a company proposing to invest half a billion jjollars in Singapore make the announcement in a circut tent in the company of Mickey, Donald and other mousekeeters? This was a question the Singapore MD of Minnesota-based SMpoeed to journalists yesterday. And no, it was not
          141 words
        • 99 28 NORTH KOREA may have bean struck by I; fkmiiM but this has not stopped DHL Express Worldwide seeing the country as a potential growth market with the opening upofthe airexprees tndartry in Pyongyang 2 last month. DHL's executive director for Asia-PaciAc eervtoes, Doug Lewis, noted recently that the
          99 words
        • 110 28 EARLY morning rain last week brought some cheer to thoee Singaporeans rushing through an unusually hess-free dawn to s launch by German software giant, SAP AO. But the organisers had other ideas. With legendary German precision and attention to detail, the organisers sought to capture the Aaean
          110 words
    • 4778 27 Transaction D.itr Nov J ftr Or M Wl MT Last Vol Day Last OwM 01* M* YM MM Cop A»p MfN Lav stMa rnmpinr M« COOOI Ml* Law Buyar 5a8ar C*w Pit Jmj^ftrtea INDUSTRIALS 1ST 40 a 1020 ACE 0ynandcs60c $3 181 56 45 51 55 45.0 4*
      4,778 words
    • 1034 27 fir Or mm mi Last vai d*t LMtOMi* m m n IM Cap a«* W» L— StNa Camtao* I* roop) MN» IW *T»r w» Cvr P/f M Ww ICSOAO IM 7* 2000 AMHM*Sc U1 «t T4 Ot 131 Ot II) X0* U 0.1 W.I MJ U» 446 144 204*
      1,034 words
  • Page 17 Advertisements
    • 230 17 I 7 American Express > Travel Lifestyle Series j (jxperience. ii ii V Lifestyle Holida^l Adelaide, South Australia Wildlife, II Nightlife,The Good Life. The City of I 9/CO j| Churches", brushing cheeks with H $JL v/^5 O world-famous vineyards, where H H colonel Light s visionary town H 5 Dafs
      230 words

  • Page 18 Advertisements
    • 832 18 il T NIPPECRAFT LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 9 Fan Yoong Road, Singapore *****7 at 10.00 a.m. on 20 November 1997. The Extraordinary General Meeting will be
      832 words
    • 68 18 imoa Rue Bourbon WHW THE HOME OF CAJUN/CREOLE CUISINE PREPARED BY CHEF KENNING FROM NEW ORLEANS. THE mms SB LUNCH Special 3-Course Menu at $35 or choice of a la carte. THE BOURBON ST., SET DfAW££ 5-Course Special Set Dinner Menu at $65+++ or choice of a la carte Featuring
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    • 85 19 gl|iPßljSpiBßH HHRHHHHHHHHHHHBHHMHHHHHHBHHIHHHHHHHHHHHHHIi THE PENINSULA MANILA omet of Avala M-tk.iri Avenues. 1226 Makati City, Metro Manila. Republic uf the Philippines Tel: (6)-2) 812 M 56 Fax: (6)-2) SIS 4825 The Peninsula Group Reservations Centre, Hon* Kong Tel: (852) 27)2 29)3 Toll Free: 800 2))) 5555 (Sin*ap«we) The Peninsula Hong Kong Manila*
      85 words
    • 199 19 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf/3184.96 sf Parkway Parade 925.36 sf/1592.48 sf 1764.64 sf/2517.84 sf/ 3184.96 sf/4368.56 sf/5961.04 sf A-Z Building 1,776 sf/7,739 sf/13,982 sf 174 Paya Lebar Road Short term lease 14,477.58 sf mm h First Capital Property 5.5 Management Pte Ltd ssi zr (A member of
      199 words

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    • 641 20 9WV*WIPWMP«M*mMVtap|fwmpHp^ppHPNOaHHBMHMMVHHM9VRVMMMNMn^ «<wi nn i i mmmmmm i»>»« 1#{fl«Ml? I_J6SS^ assj# jj Bpfj *r w Every nigkt at Hyatt brings you closer to even more free nigKts or fligKts. r' r HfIHHjH During Sights After Nights" a//you need is B feather pillows to put you I 6,W0 Bonto Kilometres I ■■bhhhhhhhhhhhhhhhhhhhhhhbhhhhhhh^Hl
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    • 91 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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    • 58 23 ♦The Tokyo stock market was closed yesterday. The secret of success i 1,..^ Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799 CATS. v .5 3 Buy.it Sell It Find It ("lassified. f' :> CAT
      58 words

  • Page 24 Advertisements
    • 116 24 jil^ mmw D -''^wMf IH' Mi you would expect, every Montblanc is crafted to transcend time. Meisterstiick Reserve de Marche 18K solid gold, in the finest tradition of Swiss craftsmanship. THE ART OF WRITING YOUR LIFE JB^^gjp^ 1 jA H MONTBIANC lOUTIQUES SINGAPORE: NGEE ANN (lit #01-32, RAFFLES CITY #01
      116 words

  • Page 25 Advertisements
    • 26 25 Wk€T€ t© i jtirig, fifi'g, <sv/iri|... j f e/ffHr Five? S > Check out AFTER 5, your weekly entertainment guide in >/| The New Paper Fastads, every Friday.
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  • Page 26 Advertisements
    • 74 26 Find Out How You Can Get A Credit Line Of Ud To $300 000* L I With T rr o WT V, M>c>VU,UUU cj. YESJSendme more Information on With Hong Leong Finance Singapore Finance's j BWUBBM v rn/il /us. /1 I his ress: HONG LEONG FINANCE SINGAPORE FINANCE t 1
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  • Page 27 Advertisements
    • 115 27 —From the We* Coast USA all the way East, the best way »an where you re 3mrig blO fly with the airiine who can jjei you doses 10 whew you want u he. And thats Northwest. With our 8 transpacific options. And in many cases. some jpeat time saving. ilgirv
      115 words

  • Page 28 Advertisements
    • 331 28 BUSINESS Notices NOTICE IS HEREBY GIVEN that, I Chean Kiow Chai of Blk 50 Toa Payoh Lor 5 #07-55 Singapore *****0, have applied for a Public House Ist Class (extended) Licence in respect of M/s Sticky Fingers located at 11, Keng Cheow St. #01-05 Riverside Piazza Singapore *****8, and that
      331 words
    • 322 28 NOTICE IS HEREBY GIVEN that, I Lim Cher Heng of Blk 232, #09-236 Lorong 8 Toa Payoh S'pore *****2 have applied for a Beer House 1 st Class Licence in respect of M/s 888 fCopitiam Pte Ltd located at Blk 888, #01-755 Woodlands Dr 50 Singapore *****8 and that this
      322 words
    • 333 28 NOTICE IS HEREBY GIVEN that, I Norbcrt Arianayagam Richard of Blk SO Toa Payoh Lorong 5 #05-61 Singapore *****0, have applied for a Public House First Class (Extended) Licence in respect of M/s Borders Bistro located at 501 Orchard Road #01-02/K2 Wheelock Place Singapore *****0, and that this application will
      333 words
    • 326 28 To advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Mathivanan Krishnan of 1 Jalan Chegar Singapore *****0, have applied for a Public House, First Class Licence in respect of M/s Hat-Trick Pub Restaurant located at 49, Balestier Road Singapore *****6, and that this application will be considered by
      326 words
    • 728 28 In the mailer of the Companies Act. Cap SO and In the mailer of: BELINA MARKETING SERVICES PTE LTD (In Memben Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN. pursuant lo Section 301 of the Companies Act, Cap 50, thai the Final Meeting of the members of the above company
      728 words

  • SHIPPING TIMES
    • 295 29 Bridge News Reuters RATES were expected to dip this week with a Japanese holiday yesterday expected to subdue early trading. Further negative vibes emanating from the spot physical market once again depressed futures with Nov giving up 25 points on the spread to Jan, Clarkson Securities Ltd said
      Bridge News; Reuters  -  295 words
    • 215 29 mi m cwfrifc Sm •0.10 u CM»lt> ,Q— <OM m Cmc« In* 0449 *0049 20 MHUM 034 ♦0.09 Ut HIMnil 0405 *0.025 47 MI«N» 0.74 *004 155 IHlWIllIll 041 *0.045 n MCMMM IMftM JmWMH 0425 *0029 M JwwSNpvw* 7-23 *040 1*2 M**aiC«rf U0 *042 26t2 KWlFtll 449 *044
      215 words
    • 440 29  -  El Nino, economic crisis and haie will have negative effect: Fearnresearch By) Felix Chan [SINGAPORE] The El Nino weather pattern, the present economic turmoil and slowdown in the South-east Asian tiger economies, coupled with the haze enveloping parts of the region,
      440 words
    • 414 29 Journal of Commerce [MANILA] With the maritime sector continuing to grow, the government is again trying to streamline administration and improve what is often a grisly safety record of domestic shipping. "Conflicting maritime laws, bureaucratic overlap and organisational
      Journal of Commerce  -  414 words
    • 540 29 Impact of recent currency crisis will not be evident until next month Journal of Commerce [HONGKONG] Ship calls and cargo handled increased at double-digit rates in Hongkong during the second quarter. What impact recent for-eign-exchange turmoil in the region had
      Journal of Commerce  -  540 words
    • 149 29 Reuters [BRISBANE] Australia's Queensland maritime safety Officials said yesterday attempts would be made tomorrow to refloat a 38,000-tonnne Singapore-registered container vessel, aground on a sand bank in Torres Strait. The 2300 TEU NOL Amber. fUlly laden with containers and en route from Singapore
      Reuters  -  149 words
    • 826 30  -  Its dockworkers are part of a global movement defending work conditions, says Jack Heyman Jack Heyman The writer is an executive board member of the San Francisco longshore union Journal of Commerce THE news media has been abuzz with the US Coast Guard's recent "blockading"
      Journal of Commerce; FILE PHOTO  -  826 words
    • 261 30 PACE EES 8 9 Ethiopian 6 AM. 3 Eurohans 6 Accord I 6 Appenship 5 fm0US 1 Astro 3 Austral 9 Foo^S 8 Awant 6 J 1 4 KA 7 Gemartrans M Batamindo 7 G Mh W Gofdtft 4 l -S-L 2 CCN?
      261 words
    • 26013 38 THEBUSINESSTIMES EXPORT ETA ETA Adv*rtis*r Vnid Voyaga T*i*phon* ETA ETA Adv*ftis*r Vm»i Voy*g* T*i*pnon* SIM Onfn Nwt Nam* Numtiar Numtwr Sin Dast'n Nam* Nam* Number Number 14/* 8/* ACL Si NO MARINE (LCH) MBN3M *5-22B*21 A M/* 8/* ACL KOTA BERKAT (LCH) BKT2t3 *5-*****21 *■>» .*u <*■ n
      26,013 words
    • SHIPS IN PORT
      • 741 43 VwhI Voy Mo tgjfc Arrtwl P«nrtw Mm MM KMS J02 ata«Mi 1X11/238 M OlMM n0«7 J01 »ll»Ml 03 TVWOC mk«Kj NM3 joi *iMim njvhoo i Java a on»7 joi MapMt 03.n/nM m M*a Ma omr joi 03.1W00 MM3S2I 0*7 JOI *miMl 0] 11/1500 KtwUi *****7 JOI «xi«u« 03
        741 words
      • 1764 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO lookkf/lilnci Rstls Ship Voy Mo Etfc/ttr Nrtod frow To FroM Ml Ma** ***** 04/MM a OVTTOO 04/04M 04/0900 20 owoe X3»(I S4/090C i 04/0700 ovw t^xtoo 4 04/1200 H/MH 04/1700 MM Hi w» 04/22M u OVBOO mw MM oi/uoo ovmm
        1,764 words
      • 159 43 Nor 4 Andorra. Australia (Melbourne), Panama Hwl Israel, Morocco. Tajikistan Nov 7 Bangladesh, Russia. Tunisia. Ukraine Nov 8 Ukraine Moot spai/t (Madrid) Nor 10 France, Panama Not 11 Angola Belgium: Remembrance Day. Canada: Remembrance Day. Prance: Anlstlce Day. United States (banks, govt offices); Veteran's Day. Nor 12 India
        159 words
      • 832 43 THIS report complied by Cockett Marine Oil Ltd. shows price ranees In US dollars Instead of single prlcas for a more comprehensive description at the market. Prices shown are based on average siaed stem Market movements are Indicated. The Cockett Bunker Price Index change and the
        832 words
      • 467 43 Carta* NO Mm 992J 1.0 IT J 0.10 55 0.04 Oct JO ftwfty Mi ImMm Ask UaUw Sifciit Noa0ME25 1 0 3 0 0 0 300 Am 9*5.9 0 J 04 0.07 33 0.0? toM 300 Ma* 994.0 0J 16.7 0.09 91 0.01 wn %TA M/M
        467 words
    • AIR & LAND TRANSPORT NEWS
      • 536 44 European neighbours view indefinite strike for higher wages with concern Reuters, AFP IPARIS] France faced a slow strangling of its economy and the anger of its European neighbours yesterday as striking truck drivers demanding higher wages blocked goods from moving around the country.
        Reuters,; AFP; REUTERS  -  536 words
      • 362 44 Reuters [NEW YORK] Pilots of US Airways Group Inc voted over- whelmingly in favour of a fiveyear labour contract, with 84 per cent of the votes supporting the agreement, the Air Line Pilots Association said. Ratification of the contract has been considered a
        Reuters  -  362 words
      • 305 44 Reuters [NEW YORK] Mounting production problems at Boeing Co will delay some Airplane deliveries well into 1999, longer than previously expected, the world's largest aircraft manufacturer said. Boeing told United Airlines the problems would delay deliveries into "about the end of
        Reuters  -  305 words
      • 548 44 Govt struggling to put together a financing package, say bankers Financial Times [LONDON] Saudi Arabia is struggling to pay for a politically sensitive US$7.5 billion (Ssll.B billion) aircraft order from the US, according to bankers in Riyadh. The order for 61
        Financial Times; FILE PHOTO  -  548 words
      • 167 44 Reuters [LONDON] British newspapers said German car maker BMW and Harrods boss Mohamed A 1 Fayed are likely bidders for luxury car maker Rolls-Royce. Vickers pic put its car unit up for sale last week and is expected to fetch about £400 million (SSI billion)
        Reuters  -  167 words
      • 1410 44 an rutin n* ruwr ro m<i wa MM* Oft! 1930 Off! 2050 HatYri ***** 840 T6400 IMS aw mo mm wo mm m HnttrUm $0127 0010 KLM4 0I2S ItoCMHWl ¥*741 !3» VW740 MO 6*995 0945 IUH 2335 $0173 (905 $0174 MB BJ37 1540 OUt 2)55 WI743
        1,410 words
  • Page 29 Advertisements
    • 20 29 Commentary: Home troths on Japan's ports Its dockworkers are part of a global movement defending work conditions, says Jack Heyman.Page2
      20 words
    • 320 29 Singapore Aircraft L—slno Enterprise (Sale) —Robert Martin as deputy managing dirrrtnr Mr Martin will be based at Sale's headquarters in Singapore from midDecember and wfll be responsible for customer relations and the execution of aircraft leasing transactions. Upcoming Systems Development Lift Cycle Pte Ltd will be organising a free seminar
      320 words
    • 246 29 French economy under threat as trackers strike European neighbours view indefinite strike for higher wages with concern. Book Page sl>w ffiS s,a,is irk SDLC Pte Ltd, in coordination with Softship Gmbh, is organizing a Free Seminar at the Harbour View DaMchi Hotel (81 Anson Road) W»^W(!*njqjB»s) Come and join us
      246 words

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    • 779 30 r~WT <D CT VAN sa Vissa wT iu |dm|u«|uii <n m m mnmimmm umn 11/10 n/io m/io »/io 13/11 §gj wbihubmw m 17/10 10/10 m/io m/io m/io u/11 00/ iT UMSMT 11W543 M/ 10 31/19 91/11 05/11 M/ll MBBABOAV 111 14/10 20/10 17/10 31/10 00/11 10/11 11/11 MKRMT 41W544 03/11
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    • 558 30 Ljom services represented nmSkl\ <* Beqwfry ot iflMPk Mwntows o» *w 1/ Accredrted Sloping Agents, UUU Singapore Freight Forwarders Store NaUonai Shioano Aaaoc A»>oriaihni Container Line (UK) Limited 4.-, Ai/vnts' Marine Transport Resources S Pte Ltd Tel 223 8380 Fa* 223 8387 "Excellence in Quality does not stem from Complacency."
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    • 986 31 PAORC SOUTH WEST EXPRESS (WRECQ ALSO ACCEPTING MANAUS VU LAX/HOU Ivostt Ivw I m lini lamp I ua an I am I oi I wrc I m. Thou w I WMWOi 0171 104/10 1 00/10 100/10 l»/W j Wit j W/1> j »/lt j M/ 10 j M/ 10 j
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    • 1924 31 I OHANJIN SHIPPING UiA CANADA* iwiva/voT no. y m uwnmi/vot su _m w |01 iwt _m |mm ios |ww |ow lure m m _ra_ _wt _m_ HHMW—mi w/u w/u m/ii m/u m/u 4i/u «/n w/» «/n w/u w/11 w/ii flflt m/u jgffl <i/u «/u m/ii maas—<mi 11/n u/u w/u w/u
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    • 105 31 A mi ORIENT EXPRESS UNES (U.K.) LIMITED llgj, (MANAGER FOR SHREYAS SHIPPING UMfTED) WEE|ay SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VBSB VQY SWCOfOti WMT VfSSft VOY KXWAY fIgMWK OOa ADMIRAL QQB 04/11 12/11 ALBERT BRIDGE 006 05/11 14/11 KEDAH 007 06/11 16/11 NORDKAP 418 06/11 17/11 ACHIEVER 002 11/11 19/11 CXXL ADMIRAL 008
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  • Page 32 Advertisements
    • 1188 32 DSR-SENATOR jSISb Round the World Container Services TO UK/XXHfnNBNT TBOM MPCOWrnaaff gffL.i,.. I"*, ■.I I m I I—I" I«" I" I—l—l— |i CHOYMMATIAI WK744 19.11 Mll 9612 CMOYMM OUMT tV* Il.lt ll.* UN MM 17.* *11 CHOYMMOWMg WF74I 11.11 lt.ll a.ll a. 11 ail tl.ll Hit DMBOSTOCX R747 *11 a*
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  • Page 33 Advertisements
    • 1460 33 |VBS3gL VOV I SIN I BKK POU PKO PBN K.W SUH BA MK MAN VAHOAT PJL-1253 04/09 31/08 07/09 22/09 24/09 WAN VAMOAT PJL-1289 17/10 18/10 29/10 17/10 MAN VAHOAT PJL-1288 17/11 18/11 28/11 30/11 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA.
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    • 1222 33 DIRECT SHUttl 1 PROM SMOAPOU to iunthmaim I TIAMSIT TIM* 14 MTS I WITi MMMWIW OTICT J I SINGAPOtE'S GCNIItAL AGENTS: 6 SMENTON WAY TIL 226 1900 FAX: *****0S OUWA«O (l/U ,^™B,l— """""""l COSTAR SHIPPING PTE LTD lU-OIDKKDG SAUS/MGS 4205«4i/43 INWARD MPT (D/O) *****15 COSTAR AGENCIES (M) SDN BHD g
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    • 392 33 i EASTERN CAR UNER, LID. '-ZXZ.T* Vfc 1 Eg (SINGAPORE) PTE LTD SfjOAUZI IN RORO t HEAVY UFT UPTO 122 TONS EO. (SIM6APOIE) W| UD LOADING FOR PORT KLANG/PENANG PORT KLANO/MUARA MV "OHIO" V.4 MV "KEISHUN" V.71 ETA SIN 10/11/97 ETA PKL 11/11/97 ETA SIN 12/11/97 ETA PKL 13/11/97 ETA
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  • Page 34 Advertisements
    • 995 34 I9WRMW.M «6P ROM ANW H6G THP ZEE LHV LHV TMf ROM ANW H6G PKL SOP I E RACER RW-610 00/11 20/11 63/11 26/11 01/12 12/12 (VI2 E. REFINE RE-013 16/16 1«ll 11/11 16/1 17/11 11/11 11/11 E. DECENT RW-661 11/11 M/ 12 16/12 H/12 M/ 12 H/12 IVI2 E. GIVEN
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    • 350 34 NANTAI LINE FUUY CONTAMttISiD SOVKEIO MAURITIUS SOUTH AFtKA vtssa VOT OR |w> qr mmiwwg bib >s/n ii/ii zyii awamaus P3s 14/11 H/11 w/12 n/u Mnanmw wis a/11 «vn m 11/1? mwyrMKBS 111s »/ii 13/12 17/11 mmiooai m os/12 iy» 17/n 21/12 auroiHUi 002s 13/12 m 27/12 NMUIDU6M 003S If/12 21/12
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  • Page 35 Advertisements
    • 697 35 i BSA i. M* MYANMA «BBk FIVE STAR UNE (Myaamor Natioaol Um) looking for Yaafoa (Roagooa) VISSII VOT SIN PIG PtN PGU idtilllttli 41 SU RTOBATWA I*7 M PT MAUTSU MINTS: MIISTUO SUPPING AGOKKS KUL Ttl 03-43-*****00 WL m 02-03-37*4101 Pflfc Til 02-04-*****02 KOi TU 02-07-*****21/4 BANK LINE (A iwvkt
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    • 553 35 FAMOUS CONTAINER UNES I IKS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 2/ HOT UNE: *****33 (30 UNES) 4 SAILINGS A WEEK TO S BANGKOK J J AND REGULAR SAILINGS TO CMABANG m. I THAILAND \bangkok C. FOR BOOK,NG 4A *****33 CONTACT AMY P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH:
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  • Page 36 Advertisements
    • 994 36 IANOKOK/LAHI CHAIAMO f JARAIITA/MNJAIItt VESSEL VQY SIN BKK LCH VESSEL VOY SIN JKT PJN ORABHUM" 29N In Pt~ 08/11 OEJA BHUM ~72Q8 In Pt 07/11 08/11 NANTABHUM 3WW In Pt 08/11 07/11 EAOLE TIDE* 204 In Pt 08/11 BANI BHUM- 7ON 08/11 08/11 09/11 XETHA BHUM 2188 08/11 08/11 MATHU
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    • 530 36 PUL INTERNATIONAL «jay»»«. I*—H 1 tm*+t XX I. I JAKAMKOTCD samm amp" g|A|->ia Ifciiiiii SURABAYA 2 SUS/WK BC I vAt I 1 I u. I DRAGON SUMATRA ttl liw lw» lif mil I i™nl umm—iinn ww* i 1 I"j" I"" aggßgr 118 I o;/ii IKi I 10/ ii I won
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    • 690 36 ACCORD SHIPPINO PTE LTD m 54*5113 (40 Uom) PAX *****30 KXTOJM (03) U7 )MI INMCT ACCESS Til t *****55 (IXPOST BOOKING) MSRSMMK (97) *****/7 *****34 (KXPORT DOC), *****39 (IMPORT) fSUMG (H)MI44S UMUMTTP;//WWWJkCCOM>.COM.SO JNCtftt 4AM PO«T mHW POtT mMM POtT HA fin POtT ITA SIN (FAR EAST) (INDIA) (EUROPE OTHERS) (USA/CANADA)
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    • 48 36 0 HANGLI SHIPPING MRECT REGULAR SSMCE JAKARTA SURABAYA JMUHm 07/11 (X/ll P.JMK IVU 19/11 PMKIEM 11/11 I|/11 P.IUUWKIW 22/11 23/11 P.JNM mmm lj/ii 13/11 mm nanu ivii i(/ii iwwwm 24/11 29/11 mmrami 30/11 01/12 ■WWNOTim Oman: UNITED SHIPPING ORGANISATION PT. INOONESU SHANNON SHIPPING CORP. TEL: *****88 FAX: *****Q0
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  • Page 37 Advertisements
    • 325 37 INDONESIA NATIONAL LINE TO EUROPE 1 *51 I VOY I I'PORE A'DAM/ROAM M lUR6 555 ANTWERP A. VESSEL |40Wt PlfllJlflJ >1/12 I 24/12 OMIT I >7/11 TO AUSTRALIA FULLCOWTMHTOggWyiCg wTjpnn W W W B i> am ptomiovDiMMK tn|wii wti| I*ll mi 2vii -nm fifffißßß |v.m|wi wi|jmi| »ff «vu osu Wi
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    • 801 37 |||^gg|g||HH vessels wr I I JED I PSD I LBi HAM I HTM THP |Zg WUKMggg H22W 09/11 19/11 21/11 3tyil 01/12 03/12 ggg Qyi2 WUEOWOW Y22W 13/11 28/11 28/11 07/12 o^l2l<yi2 11/12 ~iyi2 \dLLE OE M8406A V22W 23/11 02/12 oy»2 14/12 16/12 17/12 17/12 ia/12 WLLE BE CAPFI I»
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  • Page 40 Advertisements
    • 40 40 To retrieve more schedules, just follow these simple steps... CTkSelect the port Step key in the four number digit code Key in your Example: r-^—• fax number To NEW YORK (NYC) 2275? M n United States for calls within Singapore
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  • Page 42 Advertisements
    • 356 42 SINO IXPRISS SHIPPING //I 11 COLLYER QUAY *06-01 THE ARCADE fSINOTRANSI J 8 (*****7 J.TEL: *****00 FAX; *****08 TLX: R*****1 BINOEX NO/ StNOTMNt SHANGHAI (CONTAINIt SIKVICI) VFSSfI VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI CHANG YING 9704 fiZ/U I2ZJJ 35 SZS4 yi lf/11 23/11 iihfu S2SS 2141 ***** CHAHG YWG
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    • 199 42 mm*imtim MAMLA: (mjtttmi PENAPQ:(O4)tt4CK BANGKOK: |M) SMM7 aURAMMfc <t1)2t1«0 P. KSLANQ: (M) MS77 JKt(>l)MOtM7 MDM; SHANGHAI I LAX/IGB/NYC MV «KOH WRMINA" V.WNOOII MV "OftXMAL HOMZON" V 0441 ETA SIN: 13-11-97 ETA SIN: 10-11-97 SYPMEY/MEL/BtlE/ADi AUCKLAND MVTOIBUOYDMMirUOaf MV "NX IW V 341 ETA SIN: 08-11 -97 ETA SIN: 16-11 -97 FREimiTIE
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    • 127 42 jmm at OCEAN JADE 04rt1 NwVRdnVAtwrtJmMJK I SOLTA 12/11 RdrrVAtWBmrVUK/Nan I SAMMI FORTUNE 2201 N«rVRdnVAN»/Bmr*JK I UK> EM). IndonH I ■pan CRYSTAL OubaVAJXwbi/Btfvaln'DaiTvwVKuwat I ■EVAMARIA CX*«/Doha/B*v*n/D«mwn/KuwaK I ■PAN FORTUNE HodwdatVJcdctefVAqatWEgypt/Trlpo* I HAJ Ad«VHodwdah/J«ddah/Aqaba/EOMM I ■akarthos (XjbaVA.OhabVßtfvain/DainnwVKtNMft I IXMdi E-/W. Indornf I II Loadngtor •~M ■OCEANHOST Lt* Angrtm/Nw I Nortofc/C«nd«n I
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  • Page 43 Miscellaneous
    • 127 43 LEGEND: R Thunderstorm Temperature *q v Shower Weather ~S Wind direction with speed n knots Rom Cloudy Sky t*«*W H*y Wov Serjoce winds or* indicated by arrow* wtwdi tfy with the wind 0 One fu« circle represents ca*m or bght and vonoble wmds WOnthoW Heche represents 5 knot* L.*. On*
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  • Page 44 Advertisements
    • 66 44 "BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. -"Q OH *****00 Pra, Tft key in Docuqxflf Gxh np far fa, fa Mm b<T m I Oil WAY IF MM—■ICATIW6 WITi I VBUB STAFF If LAM-WIIE. I (®H® I A BETTER WAY.
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