The Business Times, 25 November 1997

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, NOVEMBER 25,1997
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  • 4 1 (Source: NatWest Bank)
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  • 959 1  -  Mm aeooMa step forward for a public bail-out of the debt-ridden Japanese banking system From. Anthony Rowley in Tokyo A DAY of high drama in Tokyo brought confirmation yesterday of the collapse of Yamaichi, Japan's fourth largest securities house but also the
    AFP  -  959 words
  • 902 1  -  'Investor molt' may be tip of iceberg of growing unrest over economic pain By, Jennifer Veale in Seoul ENRAGED South Korean investors attacked securities dealers yesterday as share prices plunged 7.2 per cent to a 10-year low amid fears that tough conditions
    REUTERS  -  902 words
  • 398 1  -  Panicky customers cash in their coupons for cakes at St Honore in HE From Qoak Hiang Whai in Hongkong YOU can still have your cake and eat it. So insists a spokesman of cake specialist Saint Honore in Hongkong where a number of its outlets
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  • 587 1  -  Froml S N Vasuki in Jakarta JAKARTA stocks soared 4.8 per cent yesterday, boosted by expectations that disbursement of Singapore's US$5 billion (SsB billion) standby facility will help cash-starved private firms. However, local economists cautioned that market expectations were unrealistic,
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  • 88 1  -  Leong Sing Chiong Leong Sing Chiong THE Monetary Authority of Singapore, asked to comment on reports that President Suharto has instructed that Singapore's US$5 billion (S9B billion) fUnds be lent to cashstarved Indonesian companies, gave this reply yesterday: "As Singapore s Minister for Finance Dr Richard Hu has
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  • 844 1  -  Move seen as one of several steps planned to undo damage created by deal By Meera Tharmaratnam in Kuala Lumpur UNITED Engineers (M) Bhd has been fined and reprimanded by Malaysian regulators for contravening the country's securities laws, said Finance Minister Anwar Ibrahim in Parliament
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  • Page 1 Advertisements
    • 33 1 a MM H Aftrrip credttort bid for MKTS IN TURMOIL.!. 7 S WORLD 1112 EDITORIAL i. ...]J LIFESTYLE 14 TV 15 COMPANIES 17-20 FINANCE 21,22 COMMODITIES 23 STOCKS 23-28 I Hi ill USUI
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    • 9 1 Three fTporb units to wind down operations, Pg 7
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    • 132 1 Moce report* on Markets in Turmoil, Pg 7 |L y j--->v' J-; ~i"^ l\ "9^" II h3k 1 J 9aiaHßailll,llaia>>>toa i Begin your own tradition. Every Pafri Philippe watch is crafted by band. So each one is subtly different from the next. This is what makes it uniquely personal to
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  • SINGAPORE AT HOME & ABROAD
    • 538 2  -  GSM operators hope new pact will lead to more roaming, generating greater air-time revenue By' Teh Hooi Ling A CONTROVERSIAL agreement signed by operators of GSM networks around the world recently to reform international roaming charges could see more transparent charges for
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    • 264 2  -  Museums see biggest visitor increase of 16J>% t01.3m By. Ang Wan May LEISURE attractions in the first half of the year saw a modest 2.7 per cent increase in admissions. A total of 8.6 million people visited the leisure spots. More
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    • 393 2  -  HMI Ktaang Hospital, its second in Johor, to be ready in 1999 By< Jenny Lam HOMEGROWN HMI Balestier Hospital (HMI) is setting up a second hospital in Johor as part of a plan to have a stable of five hospitals
      ERIC CHU  -  393 words
    • 137 2 SINGAPORE Tflecom (SingTel) will begtgl'fcials later this year of a common messaging system which combines voice, e-mail and fax messages into one mailbox. The system uses Digital Sound Corporation's Info Mail Express 2.1. Using a Sing Tel unified mailbox, trial participants can access their
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    • 274 2  -  EYE ON THE ECONOMY Productivity Bt/< Carol Eng IN line with increased economic activity in the third quarter, productivity growth rose by 3.5 per cent for the period, its strongest showing since first quarter 1996. This compares with the revised 2.1 per cent growth in
      Source: Dept of Statistics  -  274 words
    • 248 2 SINGAPORE Telecom will launch a high-speed network specially for businesses in the second half of 1996, business communication marketing director Chia Lee Kheng said yesterday. Early next year, Sing Tel, together with Japan's KDD, will launch a high-speed link from Singapore to Japan. This will
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  • Page 2 Advertisements
    • 421 2 .1 I (10.2 Square Kms) 19 SEPARATE TITLES I BLUE LAGOON FILLED WITH TROUT I Rfifll Magnificent large freehold 2570 (twothousand five hundred and seventy) acres pioperty situated 3 hours South from Sydney near historical Braidwood and Ihr and 15 minutes front the Capital of Australia Canberra and one hour
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    • 101 2 in the centze of town ans still get awau fzom it all? (9fj couzse. Located in the heart of retail and commercial districts, the Carlton Hotel is surrounded by shopping centres, convention centres and distinguished neighbours including Raffles Hotel. Major cultural and Hxirist attractions such as Chijmes, Chinatown and the
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  • Page 3 Advertisements
    • 494 3 BREITLING 1884 NAVITIMER Early this century aerial navigation was The Breitling Academy thus stages aerobaHcs 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 instruments did little more
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  • FOCUS: PROPERTY
    • 637 4  -  THE FROPBRTT COLUIDV Time to find a long-term solution as malaria scares off tourists By Lee Han Shih MOSQUITOES: 2, Tourist resorts: 0. This is the latest score in the battle on the Indonesian island of Bintan. So far, the Anopheles mosquito has won two rounds.
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    • 726 6 Govt unmoved in its planned timetable for selling land despite cooler market AFP [HONGKONG] Hongkong is to set up a new land commission to allocate government land, replacing the dissolved SinoBritish Land Commission, a government official said. Bowen Leung, secretary for planning,
      AFP; FILE PHOTO  -  726 words
    • 358 6 Oct vacancy rate for Makati was Ll% vs 5% in Jakarta, S'pore Bloomberg [MANILA] Manila will retain its title as the South-east Asian capital with the lowest commercial property vacancy rate, despite the turmoil in financial and currency markets, a
      Bloomberg  -  358 words
  • Page 4 Advertisements
    • 286 4 "^^Jf YOUR SEARCH FOR NEW RUSINESS PREMISES HAS ENDED. *4 you're looking for a new place to locate I I 81 y° arcco m Pay»n y» then look no more. At I u 8 state-of-the-art office and showroom-tum- factory space. It's the perfect working i-Js\\Ki\ environment, especially if you're in
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    • 149 4 TWO HI-TECH BUILDINGS ONE WINNING CONCEPT l<3 n KA CENTRE K A PLACE The Choice is Obvious Come Join the prestigious MNCs and SMEs here -v v i location In a sought after industrial estate in Kampong Am pat, off MacPhorson Rd Wm \W r 'SF ®«Hding» that ara elegant,
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 428 6 AH YAT ABALONE FORUM RESTAURANT 190 Clemenceau Ave, #01-01/10 Singapore Shopping Centre Singapore *****4 Tel: 339 0476 Fax: 339 3075 Business Hours: 1 lam 2.30pm 6pm 10.30pm (jffijValue Qflefl r Superior Ab Yat Abalone Set Each Person $98— 1 "Ah Yat Style" Whole Super Fresh Abalone Double Boiled Shark's Fin
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    • 168 6 SINCE 1964 L| V« hour Colour Print P 1 hour E6 Slide Process Canon Instant Colour Laser Copy/OHP LJ I.CVPaasport Instants H Lamination I I Available at 081-1S Orchard Towers, Orchard Road «Teh *****15 THE PROFESSIONAL LAB Lj WITH COMPLETE SERVICES I Commercial Exhibition Enlargement for f Displays Light Box
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    • 148 6 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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    • 69 6 The Straits Times CLASSIFIED Where buyers and sellers meet Find someone to fix your T.V. CATS. No. 152 Jakm Besar Brand New 6-etorey Commercial Building Tenure Freehold Built-in (GFA) 10,676 sq ft Excellent road frontage Near to Food Court and Market Multi-storey carpark just behind 5 mins drive to CBD
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  • MARKETS IN TURMOIL
    • 632 7 Hitfkty leveraged financial positions are being unwound in market after market IHT [NEW YORK] Emerging markets are being hit hard across the world with rising interest rates and falling currencies and stock markets. The latest casualties are Russia, South Korea and Brazil.
      IHT  -  632 words
    • 554 7  -  wtm+Uwml all liabilities; 130 wnpfoywa to low jobs By\ Siow Li Sen [SINGAPORE] Three Singapore units involving the securities, futures and merchant banking operations of Yamaichi Securities Co will be voluntarily winding down their operations and while all liabilities will be met, some
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    • 550 7 MmHkety telmrt cntiUftytflMF eay analysts Bloomberg [JAKARTA] Bambang Trihatmodjo, Indonesian President Suharto's second son, is back in banking. Less than a month after PT Bank Andromeda a bank he co-owned was shuttered as part of banking reforms required under the International Monetary
      Bloomberg  -  550 words
    • 268 7  -  From* Quak Hiang Whai in Hongkong THE Hongkong subsidiaries of troubled Yamaichi Securities yesterday said they are financially sound and are unaffected by what's happening hi their parent company. In a joint statement, Yamaichi International (HK). Yamaichi Securities (Hongkong), Yamaichi Futures (Hongkong) and
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    • 659 7 Batiagi moat bast tardy and at worst worthless IHT [NEW YORK] One of the most basic and trusted instincts of investors—checking the credit ratings of companies and countries before investing in them has fallen under suspicion. Stung in recent weeks by a string
      IHT  -  659 words
  • Page 7 Advertisements

  • SOUTH-EAST ASIA
    • 243 8 ■BANGKOK AFP THAILAND'S biggest conglomerate, Siam Cement Group, is to ask creditors to roQ over repayment of US$l billion (SSI.6 billion) in shortterm loans amid the country's biting economic slump, reports said yesterday. The company, with broadbated business interests, has baan hit by
      AFP  -  243 words
    • 726 8  -  BANGKOK Small finance firm flCCTflfld nf taking loans from BOT on fake collateral papers By] Harish Mehta THE future of debt-laden Finance One Thailand's largest finance firm was up in the air last night after a bid by a foreign creditor
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    • 302 8 BANGKOK AFP THAILAND'S central bank governor yesterday warned that more troubled financial institutions would need to increase capital or seek foreign partners over the next two months. Governor Chaiyawat Wibulsawasdi said the Bank of Thailand was advising companies on an individual basis
      AFP  -  302 words
    • 378 8  -  MANILA It asks onion to hold talks with company to iron ont mostly wage-related issues By. Al Labita THE Philippine government yesterday averted a threat to strike by 400 union workers of Globe Telecom. Jones Campos, a spokesman for
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  • Page 8 Advertisements
    • 180 8 i' 4 i v v Vk 0 ■-.V' X, 1.'.. m ilifc '"w What shape is your business in? 111 r espouse to inipr ei edented ciimim stirviv.il I hey know tli.it ti .insfoini themselves hy So instead of 111 t pointm}* 111.11 k t piessures. ni.my oij'.hii then enterprises
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  • CHINA-HONGKONG-TAIWAN
    • 515 9 shanghai 730,000 In steel industry to lose jobs by end of century In move to boost sector's efficiency Reuters CHINA said yesterday it would merge Baoshan Iron and Steel, one of its top steelmakers, with another big Shanghai steel producer in a
      Reuters  -  515 words
    • 439 9 TAIPEI Analysts cantion hoalthy fignres don't rofioct impact of NT$ dropping sharply Reuters STRONG economic indicators reflect a solid rebound in Taiwan's economy but Asia's currency crisis still imperils its financial future, analysts said yesterday. A sharp uptick in thirdquarter gross domestic product (GDP)
      Reuters  -  439 words
    • 255 9 BEIJING Bernama GROUPS of giant chain stores are likely to be created in five to 10 years in China, the Ministry of Internal Trade said. Hie annual sales of each of these chains is expected to exceed US$l.2 billion (Ssl.9 billion), reports the
      Bernama  -  255 words
    • 59 9 [BEIJING] Chinese salesgirls arranging the window display at an upmarket boutique in Beijing yesterday. China's garment industry, although the largest producer and exporter in the world, does not have a single brand name that is recognised internationally, and is aiming to take an the world of fashion
      AFP  -  59 words
  • Page 9 Advertisements
    • 228 9 FRASER f£M| *%Xt '%i. s \iljjlmP' r*afe f Jw I V i NT #1 il 3fi*^ A living environment that helps families build relationships. COHIIOrt 111 IflC modern* VCt renicilflS open to Located at Robertson Walk by Singapore jjf River, comprising a choice of fully furnished 1, 2 and 3
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  • ASIA
    • 524 10  -  NEW DELHI Uncertainty causes rupee to hit all-time tow agunstUSS, stock index down 120 points By Rajendra Baijai A POLITICAL drama enacted over the past week by India's ruling United Front coalition and its erstwhile supporter, the Congress Party, appears to be
      Source: Bloomberg  -  524 words
    • 534 10 SYDNEY Australia can become Asia-Pac finance centre, says sarvey Bloomberg TRADING in Australian financial markets soared 22 per cent to a record value In the year ended June 1997, underscoring optimism Australia could become a financial centre for the Asia-Pacific region. Trading in bonds,
      Bloomberg  -  534 words
    • 389 10 CANBERRA Reuters THE Australian government's controversial Aboriginal land rights bill faces at least 400 amendments in the upper house before it can pass through parliament. The Labor Opposition, the Australian Democrats minor party and the Greens minor party all have about 300
      Reuters; AFP  -  389 words
  • Page 10 Advertisements
    • 206 10 CREATE YOUR OWN BENTO MEAL For only $28.00+++ At the Ginga, we believe that you should have a say in what goes into your Bento Box. That's why we are letting you choose 11 of your favourite Japanese treats from our selection of Appetizers, Fresh Raw Seafood, Main Courses, Soups,
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    • 70 10 J This announcement appears for the purpose of record only 25 November 1997 Aberdeen ASSET MANAGEMENT ABERDEEN ASSET MANAGEMENT PLC (Registered in Scotland under the Companies Acts 1948 to 1961 with registered number *****) ADMISSION OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF ABERDEEN ASSET MANAGEMENT PLC TO THE OFFICIAL
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    • 48 10 Iruna travel agency The Straits Titties Classified is the passport to my success. fa CATS 1800-737-1166 Call Today For Resuks Tomorrow. I FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. CaH CA.T.S. at 1800-737-1166. Another Classified Service
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  • THE WORLD
    • 430 11 That's the consensus from PM Goh's talks with other leaders on eve of summit ASIA'S economic fundamentals in the medium-term are sound. But Apec leaders meeting in Vancouver this week for a summit must help repair the current "crisis of confidence"
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    • 773 11  -  AFBO SUMMIT US leader also says Korean bail-out would be tackled by Asian arrangement Reports from Yang Razali Kassim AS the Vancouver summit gets under way, US President Bill Clinton is drawn into a bigger role in Apec, which he has tried to resist since hosting
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    • 700 12 PHILADELPHIA Over-hiring as firms expand, wage rises sew seeds of inflation, future redundancies Reuters A NEW surge in corporate layoffs could be the beginning of the end for the best labour market many American workers have seen, in decades, economists
      Reuters  -  700 words
    • 402 12 WASHINGTON Reuters US FEDERAL regulators are poised to pry open the nation's US$2OO billion (*****.5 billion) telecommunications market to foreign companies as part of a global effort aimed at driving down the price of an international phone call. The Federal Communications Commission
      Reuters  -  402 words
    • 715 12  -  LBTTBRFROM LOVDOM Sparing Formula One from a tobacco ad ban has left Labour wide open to attack By Neil Behrmann NEW Labour, new government, new sleaze. This was the question facing the British electorate when a supposedly squeaky clean Labour administration accepted
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  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 37 12 Introducing... I We are pleased to announce that we have changed our name I from SBCI Associates (Singapore) Pte Ltd I to SBC Warburg Associates (Singapore) Pte Ltd I (Member of the Stock Exchange of Singapore Ltd)
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  • EDITORIAL & OPINION
    • 764 13  -  THE BOTTOWJMB OPINION By Thomas Friedman The writer is a New York Times columnist IT is not yet clear how the Iraq crisis will end But if s already clear what it has exposed the serious tensions just beneath the surface of the US-Russia
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    • 123 13 'You have to wonder whether there's enough money to go around to bail out all these economies.' Tercnce Halmy managing director, TCW Asia Ltd, after South Korea asked the International Monetary Fund to help prop up its ailing economy. The Web is open 24 hours a day,
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    • 612 13 EDITORIAL THAT Thai stocks could lose more than 2 per cent yesterday, closing at a level not seen since January 1989, should be warning enough to the new Chuan Leekpai government that it cannot afford to dither like its predecessors. Unfortunately, early signs do not look promising
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    • 978 13  -  The Howard govt is potting on a brave front in the face of a crisis that last week claimed S Korea By: Russel Baker The writer is based in Sydney and contributes regularly toBT JUST a few months ago, the Australian government's White Paper on foreign and
      REUTERS  -  978 words
    • 451 13  -  MAILBOX Low Koon Hoong EXCESSIVE demand and consumption of private housing should not be encouraged by a demand stimulus package. To do so would be to start inflating the bubble again. Do we want the nation's savings to be over-invested in bricks and mortar? On
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    • 412 13  -  Steven Lau THE decision of the government to amend the laws to make en bloc sales easier at this particular time, while curbing its own land sales, absolutely mystifies me. With the weak property market and developers whining about the government
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  • Page 13 Advertisements
  • Page 13 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 1030 14  -  Jerry Seinfeld will decide soon whether the TV comedy will end this season, says bill carter BILL CARTER NYT ONE thing Jerry Seinfeld is sure of: he is not about to let a few critics tell him when the time is right to exit the stage.
      NYT; FILE PHOTO  -  1,030 words
    • 518 14 NEWYORK Deal merges both Web sites as mnsic companies fight for dominance on the Net NYT A NEW ambitious venture in electronic media combines Rolling Stone's editorial material and blue-chip brand name with the technical capabilities of JamTV, an eight-month-old company best known
      NYT  -  518 words
  • Page 14 Advertisements
    • 125 14 A <Chance of a lifetime! 1 /5a f/ is6o tion I I Offer expires 29 November, 1997 I I Facilities include: ?WO SE I Innovative, fun aerobic classes HMt*a&ffli3#§4i® Personal training by certified trainers from USA w I X/V \t PHASE I Nutritional Counselling THREE BosSSiSlltoMßlßlllß I I Affiliated with
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  • Page 15 Advertisements
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    • 244 15 r "j^orkets<|Mcirc RESTAURANT WINE CEUAI /Theme Restaurant Fooocourt I European countryside ambience I Your table is reserved while 1 you explore our wide variety SPiCT TV. I of Asian 4 Western favourites **Al j I• No messy, uncleared tables wtt^^-?* t j 1 Pay only when you leave I (from
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  • Page 15 Miscellaneous
    • 758 15 TV&RADIO ep). 8.00 Berita 12. 10 30 News 5 Tonight. BJO Anugerah 12 fLJ. PMTv Innovations. ILOO Business Day. 10.00 Japan Hour (Weekly MO The ILIB Insights. M 0 Money, Money, Money. IL4B Law And Order Compe- 10.30 Japan Hour Heaven's 130 How To Succeed In Coins. M J*®® £J-
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    • 150 15 CRYPTIC CROSSWORD JflMi 29One used to see her beam in the r\ cinema (9) YBBTBU>ATB 80LDTKW ■ulmu 1 eto make a fuss over short DOWN measure (9) BlmWfl 2 Meal is messy, if for dogs (6) 15 Without exception, cooking ru- I BNMBEriIfFI 3 Silver in the mud? An optical
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  • Cycle & Carriage Golf Page
    • 822 16  -  The Swift D Eisenhower at Industrial Hills Golf Club in Los Angeles is tough, tumultuous and turbulent says micklaus P'CRUZ NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. GOLFS a good game for camaraderie or a chat with business associates at a
      822 words
    • 312 16 SINGAPOREANS will have another rare chance to catch Tiger Woods in action when he descends upon the island of Phuket in January for Asia's biggest golf tournament. Woods is the newest entry to the prestigious Johnnie Walker Classic, to be held in
      312 words
    • 672 16  -  Part 2 in a two-part series on golf course design looks at elements that make for surefire success Byl Nicklaus D'Cruz WE are past the heady days of sky rocketing membership values. In fact, the guaranteed windfall of property development around a golf course is
      672 words
  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 326 17  -  Stock closes at $3.04; rumours also of higher weighting in MSCI group of indices Teh Hooi Ling TSINGAPORE] Singapore Telecommunications shares yesterday staged their strongest performance in months, surging 20 cents or 7 per cent to close at $3.04. Yesterday was
      Source: Bloomberg  -  326 words
    • 445 17  -  Ardmore earnings may come in slower than analysts expect By Lee Han Shih [SINGAPORE] Full-year profit for listed Marco Polo Development Ltd (MPDL) could be much lower than expectations if its interim performance is anything to go by. Announcing its half-year results
      445 words
    • 306 17  -  By I Christopher Tan [SINGAPORE] Heftier certificates of entitlement (COEs) have slowed down growth for Comfort Group, which yesterday reported interim earnings hardly changed from a year ago. The transport company's profit after tax and minorities for the six months ended Sept 30 stood
      306 words
    • 782 17  -  HOCK LOCK SIEW David Boey IT'S always nice to have strong, powerful friends backing you in the business world, especially with regional forex and stock markets still traumatised by value erosion. On Nov 10, Singapore Airlines Leasing Enterprise (Sale) welcomed
      782 words
    • 81 17 THE Investment Management Association of Singapore (IMAS), registered on Sept 22, yesterday unveiled its list of committee members. They are; Ronnie Teo Heng Hock of DBS Asset Management (deputy chairman), Takashi Kusano of Nomura Asset Management Singapore, Elizabeth Sam of OCBC (chairman), Richard Tan Tew Han
      81 words
    • 594 17  -  New strategic alliance forged with Lufthansa includes code sharing Byl Conrad Raj (SINGAPORE) Singapore Airlines will retain its stakes in Swissair and America's Delta Airlines, at least for the time being, although their partnership in the Global Excellence Alliance
      594 words
    • REGIONAL COMPANIES
      • 412 18 But it says business plans stand and that a new cash call plan has been submitted Bernama Reuters [SHAH ALAM] HIL Industries Bhd has scrapped its rights and special issues at 2.20 Malaysian ringgit per share due to current stockmarket conditions. In
        Bernama; Reuters  -  412 words
      • 157 18 Reuters [SINGAPORE] Transmarco Ltd said yesterday that the group expects earnings in the second half of its fiscal year to remain adversely affected by telecommunications subsidiary Lanka Bell. "The growth in the subscriber base of Lanka Bell, based on latest management projections, is not
        Reuters  -  157 words
      • 224 18 Bernama [KUALA LUMPUR] Two listed companies yesterday announced that they are calling off their corporate deals. SHL Consolidated Bhd said it has decided not to proceed with the acquisition of Glen Waverly Sdn Bhd following the adverse economic conditions and poor sentiment on
        Bernama  -  224 words
      • 383 18  -  About a third of overseas investors expected to come from S'pore By I Soh Tiang Keng [SINGAPORE] Makindo, Indonesia's biggest brokerage house and investment banker, will raise US$l2O million ($191.1 million) at home and overseas through an initial public offering of 377 million shares.
        383 words
      • 425 18  -  By* Carol Eng [SINGAPORE] Sesdaq-bound piling equipment manufacturer Twinwood Engineering yesterday launched its initial public offering of 27.2 million new shares at 28 cents apiece. The IPO, which represents 15 per cent of the company's enlarged share capital, is already
        FILE PHOTO  -  425 words
      • 175 18 Bloomberg [KUALA LUMPUR] Tap Resources Bhd, a Malaysian construction company, said yesterday it did not sell all of the shares it had planned to in its initial public offer. Tap said 96.1 per cent of its 5.670 million new shares offered were sold.
        Bloomberg  -  175 words
      • COMPANY Briefs
        • 108 18 Reuters [SINGAPORE] Sime Singapore Ltd yesterday said it was selling its entire interest in Sime Travel (Singapore) Pte Ltd and Sime Darby Services Pte Ltd for $7.39 million to Sime Wings Bhd, formerly known as Silk Wings Bhd. Sime Wings is a whoUy owned unit
          Reuters  -  108 words
        • 100 18 [SINGAPORE] Construction group Wee Poh Holdings has bought a property at Tagore Avenue for $3.6 million, to be redeveloped into a six-storey building with a basement carpark. Wee Poh said it would use the property for the group's operations. The property now has a
          100 words
        • 38 18 [SINGAPORE] DelGro Corporation announced yesterday that it would subscribe for another 25 million shares in its wholly owned subsidiary Waterbank Properties. This would increase DelGro's shareholding from 50 million shares to 75 million.
          38 words
        • 88 18 Bloomberg [JAKARTA] PT Matahari Putra Prima, Indonesia's largest retailer, said profit fell 19 per cent in the first nine months of the year as foreign exchange charges rose. Profit fell to t 29 billion rupiah (5112.7 million). The company did not say how much it made
          Bloomberg  -  88 words
      • 325 19 It's to pay for HKs2b buy with HKs6oom cash and issue of 414.2 m now sharos Reuters (HONGKONG! Pacific Concord Holding said it had conditionally agreed to buy a 33 per cent stake in Keeling International Ltd from Concord Oil Group
        Reuters  -  325 words
      • 294 19 Reuters [SYDNEY] The successful float of telecoms carrier Telstra and the battering of resource stocks over the week are more signs of the waning influence of mining in the Australian share market. Telstra's instalment receipts which will become shares when fully paid
        Reuters  -  294 words
      • 357 19 Shares slide as analysts forecast 30% drop in EPS Bloomberg [HONGKONG! Cathay Pacific Airways said traffic fell for the seventh month in row last month, as October revenues were 17 per cent below target, making a plunge in full-year profit almost
        Bloomberg  -  357 words
    • INTERNATIONAL COMPANIES
      • 338 20 Bidders include Citicorp, Chase, GE Capital, First Chicago, MBNA Bloomberg [NEW YORK] AT&T Corp expects preliminary bids yesterday for its Universal Card credit card business could be as much as US$4 billion (556.4 billion), sources familiar with the sale
        Bloomberg  -  338 words
      • 262 20 Bloomberg [PALO ALTO. California] Hewlett-Packard (HP) added US$l billion (Ssl.6 billion) to its stock buyback programme after its shares fell 11 per cent in the past month, signalling that the company's shares are undervalued, investors said. The No 2 computer maker after IBM
        Bloomberg  -  262 words
      • 333 20 He spent US$L2b buying shares in the three when stocks feD on Oct 20, says Time FT [NEW YORK] Prince A 1 Waleed bin Talal, the Saudi Arabian investor, has bought stakes of about 5 per cent in News Corporation, the media
        FT  -  333 words
      • 349 20 Suggestion for activation after stock prices fall 10%, 20% Reuters [NEW YORK] The New York Stock Exchange has proposed that circuit breakers be activated after stock prices fall 10 per cent and 20 per cent, the Wall Street Journal reported yesterday. The Big
        Reuters  -  349 words
      • 419 20 Bnt it leaves door open for deal with Germany's Allianz FT [PARIS] Assicurazioni Generali, Italy's largest insurer, plans to create a war chest of more than 20 trillion lira (5118.7 billion) to strengthen its chances in its takeover battle for France's
        FT  -  419 words
    • FINANCE & COMMODITIES
      • 460 21 No blockbuster boy announced, traders shrug off deal with French firm Reuters [ZURICH] Union Bank of Switzerland (ÜBS) gave an upbeat forecast on Friday for results this year but disappointed market expectations by failing to announce a long-rumoured blockbuster takeover deal. ÜBS also
        Reuters  -  460 words
      • 151 21 Bloomberg [LONDON] Standard Chartered Pic, a UK bank that earns most of its money in Asia, said it has agreed to buy 67.3 per cent of Banco Exterior de los Andes y de Espana SA in a bid to expand in Latin
        Bloomberg  -  151 words
      • 385 21 Move seen as sign that bank is trimming influence in industry Bloomberg [FRANKFURT] Deutsche Bank AG will ask members of its management board to relinquish seats on other companies' supervisory boards, a further sign that Europe's largest bank is trimming its influence in German
        Bloomberg  -  385 words
      • 329 22 World's biggest gold producer expected to announce revamp amid bnllion slump FT (LONDON] Anglo American, South Africa's and the world's biggest gold producer, is poised to announce a restructuring to unite all its gold mining operations and assets into a single company,
        FT  -  329 words
      • 513 22 Oil ministers meet aims to raise supply in line with demand Reuters [JAKARTA] Opec ministers gather tomorrow aiming to raise oil output limits for the first time in four years in an effort to restore credibility to the cartel's tattered system of
        Reuters; REUTERS  -  513 words
      • 263 22 Bloomberg [JAKARTA] Puma Management Ltd, a subsidiary of Australia's Macquarie Bank Ltd, is expanding its operations in Asia to give Indonesians access to its home loans. Puma, which has written almost 20,000 loans in Australia this year, has formed a joint
        Bloomberg  -  263 words
      • 328 22 Hambrecht Quist in line for takeover Reuters [LOS ANGELES] Investment bank Hambrecht Quist Inc may soon follow the footsteps of competitors Robertson, Stephens Co and Montgomery Securities, sold to commercial banks this year, investment bankers and analysts said on Sunday. Likely suitors include several big US banks, including Bankßoston Corp,
        Reuters  -  328 words
      • 303 22 Bloomberg [LONDON] Tesco and Royal Bank of Scotland said the pace of new account openings at their joint-venture bank is exceeding that of rival J Sainsbury as retailers step up their push into financial services. Tesco Personal Finance said it has signed up almost 500,000
        Bloomberg  -  303 words
      • 218 22 fSSMELReport Reuters [SINGAPORE] Simex Euroyen futures rose yesterday as Japan's financial troubles sparked a flight to quality by many investors. Dealers said news Yamaichi Securities had been shut down under the weight of a credit crunch, shrinking business and a racketeer scandal had prompted fears of
        Reuters  -  218 words
      • 141 22  -  MSCI TAIWAN FUTURES By Ric Trotta By Ric Trotta, floor manager. Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract finished lower yesterday on moderate volume. The November '97 contract lost 6.5 points to close at 326.7. News of Yamaichi's
        141 words
      • 246 22 ENERGY REPORT Reuters [LONDON] Oil markets rose a little yesterday as Opec ministers headed for Jakarta to set oil production quotas into next year. The ministers hope to cut a balanced deal to allow them to pump more oil without sparking an
        Reuters  -  246 words
      • 254 22 AFP London THE dollar traded at close to its morning levels in early afternoon yesterday on the London forex market, after having opened with a marked rise against the yen due to the failure of Japanese securities dealer Yamaichi. The dollar was trading at 1250 GMT at 127.06
        AFP  -  254 words
      • Article, Illustration
        1002 22 DITHRBAIfgCTOgg KATB8 Nw24 g* 4 o.»m am MS H2 Jffl o>« uw ol4» am $544.60 o.»2 Km 0.170 wo? 4.744 aon aco g» U* M2 MW tt£ M» «999 «34S 1449 I2J99 X99f? 1«2 90J4999J3I U6 5*23 U07 37.030 4W79 0*75 U42 P«*» M* MB *g U39 Mg OM W6
        1,002 words
    • 1385 23 SXOOM FIITUMS Nov 24 limn IMn II LMm SJQfa) tglCOWMtlttwtrti) ClOM VotuoM Open m» LOW sat (tWM) Wwrt #*97 07.75 127.75 07.75 50 JHM 0915 ***** 0050 BO 920 F«8 9t ***** ***** 130.75 50 ICO "W 02.75 1720 *tfJM9l 09.75 09.75 0025 80 BOOO K3.50 3075 <W/8*
      1,385 words
    • 1922 23 MH Nacs 31 Group 487 -4 AB Ports 279 1200 AbOvy National 953 -17 AMad Domacq 534 -11 Aimt 129 unch Asda Group 143 -2 BAT ind 534 -6 BCMt 272.400 -6.600 B«CC 147 -5.400 BOCGroup 939 -23 8ft Patrolaum 865 -12.400 BTR 204 -MOO Bank of
      1,922 words
    • Article, Illustration
      641 24 AFP FfComposite loder +18J4 SHAKE, prices climbed 4A per cent yesterday amid government support and the market's expectation of easing \\c^\d\Vj, alter President Suharto ordered monetary authorities to disburse a US$5 billion (SsB billion) standby "1 think it's just because of President Suharto's statement. If he says so then
      AFP  -  641 words
    • Article, Illustration
      1492 24 Reuters QlbuigSeog +38J6 STOCKS closed higher yesterday, cheered by prospects of a better real estate market but held back by uncertainties over regional currencies. The Hang Seng Index advanced 38.16 points, or 0.36 per cent, to close at 10,586.36 after vaulting to a day high of 10,674.82 at the
      Reuters  -  1,492 words
    • Article, Illustration
      575 24 Reuters Q Shenzhen B Index -&37 THE planned shutdown of Japan's Yamaichi Securities sent China's hard currency B shares to new 1997 closing lows yesterday amid talk the firm was liquidating its B share holdings, brokers said. "Yamaichi was the global co-ordi-nator of several B share issues so it
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  575 words
    • 365 24 AFP QWPlata -15L24 TAIWANESE stocks slid 1.9 per cent yesterday as concerns over the collapse of Japanese brokerage Yamaichi combined with profit-taking to drag the market down, hitting technology shares the hardest. "The market was under profit-taking pressure arising from Saturday's heavy gains," said Allen Wu of Masterlink Securities
      AFP  -  365 words
    • 241 24 AFP Q Wellington -1138 New Zealand's share market fell 0.8 per cent yesterday on nervousness over the collapse of Japan's Yamaichi Securities. The NZSE-40 Index fell 19.38 points to 2,324.23 on a turnover of NZ$47 million. Telecom Corp eased one cent at 8.31. —AFP ■wm 1 v- rmm ANZ
      AFP  -  241 words
    • Article, Illustration
      778 24 AFP QSBTbitx -Ml THAI share prices dropped 2.2 per cent in thin trading yesterday with selling centred in the finance sector over ongoing concerns about Its stability I and concerns about capital raising. Analysts said selling accelerated after comments by the Bank of Thailand governor Chaiyawat Wibulsawasdi who said
      AFP  -  778 words
    • 299 24 AFP Q Manila -R7O PHILIPPINE share prices fell one per cent yesterday as news of the collapse of Japanese brokerage Yamaichi Securities Co Ltd coupled with domestic worries dampened sentiment. The Composite Index feU 17.70 points to 1,831.97. Volume fell to 1.72 billion shares worth 1.07 billion pesos compared
      AFP  -  299 words
    • 402 24 Reuters QOmnpooteMa -3171 SOUTH Korea's stock market plunged to a 10-year low and bond markets tumbled yesterday as investors panicked about the impact of the International Monetary Fund's bail-out package on the economy, traders said. On the first day of talks between South Korean officials and visiting IMF delegates
      Reuters  -  402 words
    • 573 24 AFP PAH OmdiMriM -OJ AUSTRALIAN shares closed barely lower yesterday amid lacklustre trade. The All Ordinaries Index, fell 0.02 per cent, or 0.6 points, to 2,482.1, with a marginal improvement in industrials offset by a slight fall in resource stocks. National turnover totalled only 268.44 million shares valued at
      AFP  -  573 words
    • KUALA LUMPUR STOCK MARKET
      • 233 25 Bloomberg ♦IMS MALAYSIA'S benchmark stock Index rose for a second day, as the market's decline of the past two weeks made some stocks cheap relative to expected earnings. The Kuala Lumpur Composite Index rose 10.48 points, or 1.87 per cent, to 570.57. The Second Board Index
        Bloomberg  -  233 words
      • 8316 25 iwt LMt v«* oay m cm L— CtBMsay 8aM *h 800 HN> LWf Pfc imm 790 240 2M 8 15 260 250 14J 104.* 441 IM »m>m S5 unch 79 155 751 4.6 22U 90S 280 MkhriNH 308 -12 47 110 900 *.0 1232 765 290 MiyiLM 120 unch 32
        8,316 words
    • WARRANTS & OPTIONS
      • 215 26  -  WARRANT WATCH -By I R Sivanithy THE Kuala Lumpur Stock Exchange's Second Board has probably suffered more than most of the rest of the market, mainly because of the highly speculative reasons that underpinned most of its rises last year and early this
        215 words
      • 3092 26 *g ti«M«i M *w no! NNH LM Mm 68 18 m 3000 m AMOB c5.5******6 18.5c! unch 7 185 18 W ,'5 JJ 60 ******1 US$ US 203 *15 8 20.5 20 193 20 23 3164 Acmo ******4 24 -0.5 M 24 24 24 24.3 24 53 26 3161 ANToch
        3,092 words
    • 1861 26 u. w a <z, ■.-u. a ;y 478 784 ms 5000 AJS850C 92 cd -3 271 95.5 90 92 93 &0 34 U 314 944 S >S 5 lU ***** 23 3WMJ***** 315 10 3* 19 1834 210 100 m s 5002 AJcam ,100 6.0N 3.7 2-7 9i
      1,861 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1587 27 TUWWW* COOO) VAUIC (*000) Wte cwo T«* Main <n» T«m J*"*** *MS4 12.400 101,994 104,493 14.140 209,193 "W 9,0*9 RMS 14,014 43,745 14.794 *0.519 *t* 2.192 tM 1,021 3,001 3T3 *494 Pr»«rlm 20,069 30,010 N.U1 tO,47T 50.509 UM MM 2.120 2 320 404 40« 403 403 K» 3,120 MJT4 17,702
        1,587 words
      • 5094 27 Of Qr II ft t *9*7 Last Vol Day Lest Quote Olv Olv Y Id Net Cap Ave Ht»h iw wn ciw>i«i mi room wm> l— ww m« cv p/c mmc« INDUSTRIALS 1ST 40 1020 ACC 0ynamics60c 42 -1 58 44 40.5 41 42 34 4 44 5146
        5,094 words
      • 1020 27 *997 iMt V«t 0«v LMt Owete Mv Dtv YU N«t Cm Am t CT h> roooi W# L— »■»■> MNr Cw P/t Prto FfWAO 186 76 2000 MMHMfsSc HO »29 332 151 125 150 152 3 0 0 0 1 214 3 667 133 "5 I™ 12 3 312
        1,020 words
      • 222 28 Stocks Volume SingTel 15c 25,498,000 •Innovest Bhd 9,548,000 •Renong Bhd 50c 8,972,000 IPC Corpn 5c 6,021,000 •Renong WtOO 5,567,000 DBS Land 5,022,000 •MBf Capital 5,011,000 •RHB Cap Wt99 4,999,000 *RHB Cap Bhd 3,937,000 •Sime Oarby 50c 2,756,000 Stocks SingTel 15c 76,141.641 UOB Foreign 17,568,997 DBS Foreign 17.282.159 OCBC Foreign 15,498,570
        222 words
      • Article, Illustration
        66 28  -  -by Shiv Taneja GUTHRIE GTS closed half a cent lower yesterday at 45 cents on a volume of 1.67 million units, compared with its lOday traded average of 319,600 shares. The near-term signals are mixed and trading over the next few sessions can be expected to be sideways.
        66 words
      • 646 28  -  STOCK MARKET COMMENTARY Sing Tel shares see active trading; gains curtailed by fears over how markets will react to news of Yamaichi's collapse Bif R Sivanithy [SINGAPORE] A buy program said to be motivated by Singapore's "safe-ha-ven" status swept prices in
        646 words
      • ON THE GRAPEVINE
        • 92 28 A TELLING comment on how much the Thai stockmarket has fallen over the past few months came from Mark Mobius, fund manager Templeton's emerging markets guru. In Singapore to promote Templeton Asset Management's Thailand Fund, he said that the Thai stockmarket's market capitalisation now is less than the
          92 words
        • 95 28 DURING World War 11. British Prime Minister Winston Churchill had a secret underground war-room from which to direct the British war strategy. Does Singapore Telecoms has a similar room? We are told Sing Tel has a meeting room (above ground) called Sun Zi, author of the
          95 words
        • 98 28 THE Philippines looks like a favourite for a stockmarket recovery next year. Fund manager Templeton's Mark Mobius reckons the two markets he expects to recover first will be Thailand and the Philippines. In a Nov 14 report, OCBC Investment Research said its two favourite markets for a recovery next
          98 words
        • 117 28 NORTH Borneo Timbers has proposed to change its name to North Borneo Corporation to reflect its diverse businesses. Apart from timber logging, the company is also involved in a prawn farm project property development and investment ship chartering, reforestation and plantation. We remember a time when some
          117 words
        • 96 28 ONE Hongkong company that has strong fiaith that the US dollar peg would stay is Sino Land, owned by the family of Ng Teng Fong. Sino boss Robert Ng, elder son of the patriarch, recently told reporters the company is switching part of its ftrnd raising
          96 words
        • 67 28 WE received a curious letter from the National Registration Department, the issuer of identity cards or ICs. "Since (our) last publicity in March this year," the letter said, "the number of lost ICs has not shown significant improvement". A press conference will be held today to address
          67 words
  • Page 17 Advertisements
    • 467 17 > 'a Optical Singapore P/l The Qreat Eastern Life Assurance Co Ltd Seiko Singapore Pte Rohm Hass Singapore P/L Perfumes of Singapore (Pte) Lfd Caxtoh Services Co Hectrie City Pte Itd Hilton lnternat?onal fuji Ice Palace Pte if House of Qems P/L IHI Morgren Pte Ltd Cisco Security Techr Stect
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  • Page 18 Advertisements
    • 143 18 "v H Come to where the business ■LM' L L iISVH At our Centre you can enjoy all the facilities ot a World-Class Venue with a special touch of local flavour and hospitality. And whether it's for 20 or 2,000 we'll give you all the support you need. Choose from
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  • Page 19 Advertisements
    • 155 19 PRIME OFFICE SPACE FOR LEASE CONSIDER LOCATINQ YOUR OFFICE AMONG OTHER PRESTIGIOUS TENANTS. Situated just outside the restricted zone Close proximity to the MRT Station, CBD, shopping hub and other conveniences Ample car parking Shuttle bus service from City Hall MRT Station Intelligent telecommunications and building management systems Built-in structured
      155 words
    • 780 19 University of university of western Sydney ISrnS. Louisville Nepean, Australia "The Top 25 Business Schools" Kentucky, USA SH HI DBAHjMBA Doctor of Business Administration Ist Intake March '93 2nd Intake Jiwuiiy *98 Nationally accredited by AACSB Duration 2": years Fully accredited by SACS 100% in Singapore HH| Ranked as "Top
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  • Page 20 Advertisements
    • 318 20 mm I ii 1 is n N I I I I^BI EE5^ Wr- g jr£i k M V^Pfl Registration No: AR1129 p4| ■1 Another Quality Achievement by Compact Group SEIACO A.IM/lINIUNV BERHkD T- ■£■i* x >r-. 1 Tv VT'r;y&' is proud to be awarded with the MS ISO 9002 1994
      318 words

  • Page 21 Advertisements
    • 154 21 To make sure they do, you should think about your plans for this year. i i 0K 1 i i i i i http: //www.cetxt.de i i i i i Information Technology Visit CeBIT 98 the world's largest, mutsche mess£ ag, Hmnom, Germany Networir Computing i most comprehensive forum For
      154 words
    • 193 21 We are proud to have received one of most coveted awards in the industry f Executive Travel magazine's Hotel with sLYearIZ the Best Staff Wforldwide 1997 award. However, we know it wouldn't have i happened without your support. We thank you for giving us the opportunity to prove ourselves, and
      193 words


  • Page 23 Advertisements
    • 43 23 +Hie Tokyo market was closed yesterday for a holiday c Oc 1 The secret of success 18"^^ 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. CAT AI
      43 words

  • Page 24 Advertisements
    • 83 24 jjjLjjjJ Jggm I m ■HBHHpHi Our dealing workstations are i~ I ~r mammmmm^am Ktal B designed and manufactured in the UK by DAS IB II 111 HI ft— jM J I MHHHH HI H y lßp?® Specialist Business Furniture, the fastest IWi I ~ti j i growing trading room furniture
      83 words

  • Page 25 Advertisements
    • 66 25 JLy'S FORMULA Has The Solution To Your Hair Problems Hay's Formula is processed from HdV'S FOimuld plant extracts using an nniqne H formula. It is suitable for hair PUmtS ExtTOCt Lotion I problems like: Brittle, Dry Hair, Oily Scalp, Split End Dandruff etc... (it ##llLvv With FREE W H»r cm
      66 words


  • Page 27 Advertisements
    • 40 27 GET UP TO 3.33 TIMES FINANCING AND YOUR OWN PERSONAL BANKER. Till: (TI lUANK MARGIN TRADING ACCOUNT. (All .W-7126 TODAY. CITIBANK 11 I S I SII I II) <) l<(||\|<|) K()\ I) 21 ll|\()\(i S S| I THE CITI NEVER SLEEPS
      40 words

  • Page 28 Advertisements
    • 536 28 BUSINESS Notices To advertise call toll-free 1800-741 1883 i IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF SHIMIZU SHOJI (S) PTE LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of members of SHIMIZU SIIOJI (S)
      536 words
    • 29 28 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. rvf CAVA
      29 words
    • 577 28 IN I Hr MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LOJAN PROPERTIES PTE LTD I Incorporated in Singapore) (In Members' Voluntary Liquidation) Al an Extraordinary General meeting of the Members of LOJAN PROPERTIES PTE LTD convened and held al 6 Raffles Boulevard *04-100. Manna Square.
      577 words
    • 341 28 IN THE MATTER OF THE COMPANIES ACT. CAP.SO AND D.M.T. TRADING (S) PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company deemed to be held al 9 Temasek Boulevard #10-03, Suntec Tower 2, Singapore *****9 on 18 November 1997. the following resolutions were passed: 1.
      341 words
    • 173 28 lAmtek Engineering Ltd. (Incorporated in the Republic of Singapore) [jflLj NOTICE OF CLOSURE OF BOOKS Notice is hereby given that the Share Transfer Books and Register of Members of the company will be closed on 2nd December 1997 for the preparation of dividend warrants. Duly completed transfers received by the
      173 words
    • 492 28 IPCO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RIGHTS ISSUE OF UPTO 31,877,072 NEW ORDINARY SHARES OF 551.70 EACH ("RIGHTS SHARES") IN THE CAPITAL OF IPCO INTERNATIONAL LIMITED (THE "COMPANY") WITH UP TO 11,953,902 WARRANTS ("WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE NEW ORDINARY SHARE
      492 words

  • SHIPPING TIMES
    • 316 29 Bridge News Reuters IT WAS a cut-throat race to fix Panamaxes in the east with rates continuing to slide for all ages and sizes, brokers said. Biffex continued to fall in early trading, but a Baltic Freight Index drop of 18 points to 1180 failed to push rates
      Bridge News; Reuters  -  316 words
    • 254 29 w CWTMct 044 *4.06 10 Oman** 0.67 unco 147 Cote* tot* 0.81 *0.01 14 fraigM Links 0.28 -0.01 499 GBMMngs 0.36 -0.01 7 Hal Sun Hup 0.715 *0.005 39 HttacNZosan 0.49 -0.02 39 IMC HoMngs HK5.60 Jay* Holdings 0.505 *0.005 9 Shipyard 8-20 *0.10 354 Corp 5.40 *0.10
      254 words
    • 471 29  -  Asia's economic crisis polled down German port's trade with Far East in first 9 months By\ Felix Chan [SINGAPORE] Despite the financial turmoil in the region, the port of Hamburg is on track to register a total turnover in excess of 75
      471 words
    • 56 29 [HAMBURG] The world's biggest container ship, the Danish-registered Sovereign Maersk, arrives for the first time at Hamburg harbour last week. The 347 metre long and 42.8 metre wide ship is capable of transporting 6,6oocontainers and will be deployed, with a 15-man crew only, between
      AFP  -  56 words
    • 303 29 Journal of Commerce [VANCOUVER} The Port of Vancouver's newest container terminal stepped up production this month as a second service switched over from the crowded Inner Harbour terminals. The Global Alliance's Pacific Northwest 2 (PN2) weekly service joins the PNI service in operating out
      Journal of Commerce  -  303 words
    • 235 29 Bernama [KUALA LUMPUR] A consortium undertaking the privatisation of the Kuantan Port said it is committed to developing the port into a premier chemical port in the region. Kuantan Port Consortium Sdn Bhd (KPC) chairman Ahmad Rithauddeen Tengku Ismail said this
      Bernama  -  235 words
    • 210 29 Journal of Commerce [NEW YORK] New ship standards starting July 1 will not affect US commerce because the better, safer ships are already put in at American ports. And, says the top man in the US Coast Guard, winnowing out bad
      Journal of Commerce  -  210 words
    • 171 29 Bernama [PORT KLANG] «A China-reg-istered general cargo ship Antai sank in North Port here, on Sunday night but no injuries or loss of lives was reported. Klang. Port Authority (KPA) commercial manager Chong Choon Yin said the mishap happened at Wharf 14
      Bernama  -  171 words
    • 813 30  -  CHINA PORT TRADE The Port of Tianjin has fallen two spots to No 4 in China in terms of containerised trade, but officials are not perturbed From Russell Barling Cargonews China in Tianjin Although throughput at China's Port of Tian j i n maintained a healthy
      Cargonews China  -  813 words
    • 285 30 PACE ECL 5 ACL 9 EES 8 AMI 3 Ethiopian 6 Accord 8 Eurohans 6 Appenstup 5 Ewgreen 6 II Astro 3 famous 7 Austral 9 Fl-Bright 6 Avant 6 8 BSA 7 GLink Batamindo 7 Gemartrans 14 Bayswater 7 Genshpg 9 Btang
      285 words
    • 25254 38 EXPQRT ETA ETA Advartltar Vastat Voyaga Talaphona ETA ETA Advartltar Vnu< Voyaga Tiliphoni SIN OnTn Nana Nama NumOar NumDar SIN OmTd Nam* Nam* Number Numtxr ■■■■■■BBMaRaflMSMMMNNRMMaMRMaNMMMBWMflMBMNflMBMM NBNBMMMMBMNRMMMBBMRBBNOOBMNBNMBNBMBBNOONOBMHBMNBNflNRBBOB a To BANJUL (BJL) 2040 Gambia To ABIDJAN (ABJ) 2003 n /n 04/01 saiarouta Colombo say bw *****3522 Ivory Coast, Cote
      25,254 words
    • SHIPS IN PORT
      • 835 43 Vossol Voy No Berth Arrival Departure t*»"« 57 IU P *JI* <Wo«wM 24.1V0400 «0O2 1/97 JO3 MoaifuOt B.WSN MM N300 J02 251V2300 M Oak Mka 5TO 7 J01 hooqsmM 25 11/0300 ■t Ohms Jay *****7 <1 «oo«SKi« 25 71/0300 M *w«ana Nn24 J01 Ma«Mfe 21M2S0 t»«» Tbj 01
        835 words
      • 1676 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Boofclnq/Monco Kstb Ship Voy No Etb/Btr Nrtod From To From u <mu c24tw 24/0 no u 24/1900 24/145* 2 o»oc 24/1900 24/149* 24/1*00 a 24/1700 29/049* 29/0*00 a 24/1700 2vo*m amm 29/0700 asm IVMW 4 29/1200 2 ww 23/noo Minn
        1,676 words
      • 212 43 Nor 27 United States: Thanksgiving Day. Nor 28 Albania, Iran, Jordan, Kuwait. Panama, UAE Nor 30 Philippines: Bonifacio Day. Portugal, Romania Dm 2 UAE Deo 3 UAE Deo B Ghana Thailand H.M. The King's Birthday. Dee t Finland, Spain DOO 7 Cuba, Italy (Milan) Deo 8 Argentina, Austria,
        212 words
      • 878 43 THIS report compiled by Cockett Marine Oil Ltd. show* price ranees in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are baaed on average-slied stem Market movements are Indicated The Cockett Bunker Price Index chance and the Individual
        878 words
      • 400 43 MM 993.9 L2 17J 0.10 54 0.04 ■*>20 OtwitT —tar awjtM Art UmMmm Ho (tow E2S 2 1 3 0 0 0 %VU MO AM 986.9 0.4 0.1 0.07 33 0.02 uMn J™! *97.0 0.9 16.7 0.09 91 0.01 A %M/ %W/M No abOM 035 t
        400 words
    • AIR & LAND TRANSPORT NEWS
      • 161 44 Reuters {SEOUL] Korean Airlines is considering raising air cargo rates due to the fall in the value of the won, Ji Young Lee, KAL's cargo marketing team vice-president and general manager, said. Other Asian airlines, including Thai Airways International and Singapore Airlines, are considering
        Reuters  -  161 words
      • 203 44 AFX-Asia [BANGKOK] Thai Airways International is to lease instead of buy 14 aircraft as Thailand battles to slash foreign currency expenditure, a report said. The airline's board made the decision at a meeting here on Friday to lease the 14 Boeing and
        AFX-Asia  -  203 words
      • 462 44 Its offer competes with revamp plan to be fnnded by Smith Management Bloomberg [DENVER] Frontier Airlines Inc, sensing that it is better to join forces than compete for low-fare air travellers in Denver, made a surprise offer to buy its failed merger partner,
        Bloomberg  -  462 words
      • 568 44 No airline has cancelled aircraft orders despite economic crisis Bloomberg [VANCOUVER] Asian airlines have not cancelled any orders from Boeing Co, though they are grateful the aircraft maker delayed some deliveries because of the company's own production problems, a Boeing official said. The economic
        Bloomberg; FILE PHOTO  -  568 words
      • 290 44  -  Proposal to set up joint venture at Indian and overseas airports From Rajendra Bajpai in New Delhi INDIA'S international flag carrier Air India and Singapore Airport Terminal Services (Sats) are in talks to set up a joint venture for ground handling services at
        290 words
      • 167 44 Reuters [KUALA LUMPURJ Malaysia Airlines (MAS) was not expected to raise its fares or suffer losses following a call by the government for Malaysians to reduce overseas travel, The Star newspaper reported yesterday. "There are no plans for MAS to increase its fares. They
        Reuters  -  167 words
      • LOG Book
        • 54 44 AFP (SEOUL] The South Korean defence ministry said it had earmarked 100 billion won (Sslso million) to buy Indonesian-made CN-235 transport planes. The Indonesian aircraft, produced in cooperation with Spain's Casa, will bolster the airlift capacity of the South Korean air force,
          AFP  -  54 words
        • 71 44 Bernama-Xinhua [BONN] Germany is to privatise more of its major airports, press reports quoted a senior state official as saying yesterday. The German government was planning to sell its stakes in the Cologne-Bonn, Hamburg, Berlin and Frankfurt airports, Wolfgang Clement, Economic Minister of the state
          Bernama-Xinhua  -  71 words
        • 58 44 Reuters [BRISBANE] The Queensland state government said it would call for expressions of interest from the private sector to build a As2oo million (As22o million) light rail network for the state capital of Brisbane. "About half of the As2oo million required would come from the
          Reuters  -  58 words
      • 1767 44 —r 1 awfT ETB mm tm mm m AMW* Of81 1930 Of 12 2050 Ha CM MM m« tM ***** WO ***** 2220 $0173 1905 $0174 1415 Amsterdam S0327 0810 M.844 0125 WffO IMS GA995 1200 K1838 2335 UA805 0100 UA606 0805 KL837 1540 0126 2355
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  • Page 29 Advertisements
    • 25 29 Tianpn port looks to hinterland for growth The port has fallen two spots to No 4 in China but officials are not perturbed. Page 2
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    • 408 29 Asian airlines welcome delivery delays: Boeing No airline has cancelled aircraft orders despite economic crisis. Back Page Pontile Sun Cruises has appointed Aloysius iCUpiC i_ ee as the company's president. Prior to his appointment, Mr Lee was Following the completion of CP Ships' executive vice-president (sales acquisition of Contship Containers
      408 words

  • Page 30 Advertisements
    • 813 30 j SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST)" |QULF KARACHI EXPRESSIttOQ W |OMI WW sa U SM liT VOT IJM MM |MM| m |'wt I» 11 AWm ,ws44 ~/n ~/n H/ii ,0 W w/11 m/ii u/11 u/11 li/n "ii/ii "»/n| I »/11 16/11 M/ 12 NYKVMGO OK 14/11 14/11 17/11
      813 words
    • 493 30 lAL Container Line (UK) Limited 4s Agents Marine Transport Resources (S) Pte Ltd Tel 223 8380 Fax 223 8387 "Excellence P in Quality does not stem from Complacency." Weekly to the Inrii<m Sub continent cind EXPORT 3 x Japan -2 x Hongkong -1 x ManJo -fx Koo«hiung, baiting (Arcopliwg FQ
      493 words

  • Page 31 Advertisements
    • 1095 31 PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MAHAUS VIA LAX/HOii vtssa vot na [sure sunp im mi wi m wire mi houhmsu tfISMGUOH OIK 17/11 ltyll 20/11 OS/12 09/12 10/12 10/12 12/12 12/12 10/12 11/12 13/12 tfljaWH 0201 24/11 tt/11 27/11 12/12 16/12 17/12 17/12 11/12 11/12 17/12 17/12 19/12
      1,095 words
    • 1946 31 I HANJIN SHIPPING fw vayvor m n«~ sm momm/vot »I ro w| <n iwt |wt oos owi |o» jure m m we m ml muzA«mw7i a/ii w/n iyn 21/12 21/12 a/12 M/ 12 m/» M/ 12 m/» 25/12 a/ir~a7ir ii/iT M/ii" "b7iT B/iT bTu Kwemti w/» w/12 wii w/12 a/12
      1,946 words
    • 83 31 ORIENT EXPRESS UNES (U.K.) LIMITED OjjJ, (MANAGER FOR SHREYAS SHIPPING LIMITED) J WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY SINGAPORE MHUAY VESSEL VOY KMMAY SINGAPOtf KHaAH 006 28/11 07/12 KEDAH 007 19/11 28/11 ACHIEVER 003 01/12 10/12 ACHIEVER 002 22/11 01/12 ALBERT BRPGE 008 05/12 U/12 ALBERT BRIDGE 007 26/11 06/12 NOROKAP
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  • Page 32 Advertisements
    • 1362 32 fir DSR-SENA TOR Bmm Round the World Container Services lttiaPPOl*ilMP*r FROM UK/CONTINENT |««a. Iwy aT" urn I ant I swv I ham lax luw Hresa Iwr I ina Im I btr 1 sbv I hum I w ill WF7BI a. 11 *1.12 a. 12 a. 12 a.12 24.12 a. 12
      1,362 words
    • 1062 32 MY AflflßiG LME VML MwnM Mb Sn» Mtp: //www.yml.com.tw j%«)Ji4iljUL44'Hr Av 4 m— ™®> mttuooay VESSEL VOY LEH FXT HAM MM uu MING GLORY 96/A74OE SLO SLD SLD SLO SLD 25^1 GILBRALTAfI BRIDGE »A74IE SLD SLO SLO SLO SLD SSS* ESS S 510 510 510 »NOV (Zc MING MOON 04/A743E
      1,062 words
    • 573 32 LINE Br TILi 11SI3II RUi MIIM7 MUABA LABUAM vcsa VOT (TO Itt VfSSR VOT (TO [U SfOti MMJU SfOtf in tnoum v2*/v st/ 11 »/ii intooßT nn/v »/11 34/11 inrosm v2*/w so/n os/12 imsn v*/w 30/11 01/12 *mcu*r vw/»7 os/i j 17/12 vnoorr vj«/»7 as/is «/u j vw/i7 o»/u ii/ii
      573 words

  • Page 33 Advertisements
    • 1297 33 VgS«B. VOY I BIN I BKK POU I PKO PPI BLW BUW BA IRAN MEEZAN PJL-1261 11/11 26/11 24/11 IRANTVYFOUfU PJL-1260 18/11 24/11 MAN MO6IN PJL-1262 02/12 11/12 13/12 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN, TAOZHIKISTAN A GEORGIA
      1,297 words
    • 1109 33 SNEKOU HIIANCPU I WIIKLTHHfI SAllim 1 I SINGAPORE'S GENERAL AGCNTS: 6 SHENTON WAY TEL 226 1900 f AX: *****08 OUTWARD (l/l) ,^™^^™™^l ?2&!sZ2r< mm llis?{EiS2Lw SSi. *****15 COSTAR agencies (M) SON BHD 55 T/SHPBTPIFT *****35 TEL 01-07-3S MIM FAX: IM7-ISMIW I w/wr Istr 9tt xummMMMiK klvot lie she hpu w
      1,109 words
    • 551 33 I EASTERN CAR UNER, UD/^SsS??*' fc Ea (SINGAPORE) PTE LTD Ed (SIH6APOtt) m m> LOADING FOR PORT KLANG/PENANG MANILA MV V 6 MV se KOCHI" V.123 ETA PKL 27/11/97 ETA PNN 29/11/97 ETA SIN 25/11/97 ETA MNL 30/11/97 CHffTAGONG/CALCUTTA LAEM CHABANG/KUCHING/ MV "TIRESA PRESTIGE" V.16 MUARA/ KOTA Kl NAB ALU
      551 words

  • Page 34 Advertisements
    • 913 34 I SGP ROM ANW HBG THP ZHE LHV I LHV TNP ROM ANW HM PKL SGP I. RIGHT RW-631 16/11 16/12 23/12 16/12 21/12 22/12 23/12 lE. GALLANT RE-6SI 27/11 26/16 20/16 34/10 81/I1 26/11 E. ROUND RW-626 M/ 12 2V12 36/12 26/12 26/12 26/12 30/12 E GROUP RE-066 N/11
      913 words
    • 874 34 IXPOBT v?« VOTAM S» Mil JOA AM DM lAN IWT Ml VBS& VOYAfit M It IN Ml UK HUN (MOM WMfflf 27/1) V/)} 07/1? 01 W/l? IV2 IVI2 IV? UN ACCOtD M(0-00IE 14/11 14/11 17/11 11/11 If/II #1/11 uMANGa oowow ovu Wtt ivinvii ivn 17/12 \7m ivil Zcokmo SoiSil ?vl!
      874 words
    • 527 34 k l/cr: ■> I N ANT AI LINE I FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA 1 vesa I VOY Isw|rmlDm I (W I «/mt I I mmiPBIKBS Oils 01/12 15/12 H/12 I mmtm 024s 07/12 15/12 i»/i2 24/12 JI mamiM 002s 14/12 H/12 31/12 I mmwtfon 003s .n/12 02/01
      527 words

  • Page 35 Advertisements
    • 645 35 BSA A Ml MYANMA wBBk FIVE STAR UNE (MyaMMr Notiaaol Una) W Loading for Yangoa (Rmgoaa) vtssa vor sm kg pen pgu MONGU OW SID NNAN 239 MPT MALAYSIA AGEMTS: OOUSTEAD SHIPPING AGENCIES RUL m 02-03-*****00 PKL TH 02-03-37M101 «lt m 02-04-2****** PGO: m 02-07-*****21 /4 BANK LINE (A s«rvk«
      645 words
    • 1084 35 ▲HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 |vb» Ivor HP hh I "a 1 aw I haa m I m HT ADRRAI HOW 01/12 10/12 19/12 21/11 21/12 21/12 24/12 HY HIGHNESS 304W 00/12 25/12 24/12 20/12 2S/12 20/12 31/12 NTOAMN 319W 15/12 01/01 02/01 04/01 04/01
      1,084 words
    • 616 35 (j£ FAMOUS CONTAINER UNES JIBS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 3/ HOT LINE: *****33 (30 LINES) WEB PABE ADPRESS: www.fawsfc.cw.Sß E-MAM. ADDRESS: ■dwta&f—ta.cwji DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 > ";^^J P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH:
      616 words

  • Page 36 Advertisements
    • 815 36 r AWaitOK/LA«M CHABAMO JAKAWTA/PAM.IAIIO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN QUA BHUM" MN In pT 27/11 DCJA BHUM 7238 In Pt 28/11 27/11 NANTA BHUM 389N In Pt 28/11 28/11 MATHU BHUM 3828 27/11 28/11 BAN! BHUM- 73N 28/11 29/11 30/11 MATHU BHUM ***** 28/11 28/11
      815 words
    • 102 36 I LNS EXPRESS I (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift Project Cargo Tel:6s-276 7996 Fax:6s-276 3740 trn LINER SHIPPING PTE LTD A 10 ANSON ROAD. #17-01 \v4lHot INTERNATIONAL PLAZA. SINGAPORE
      102 words
    • 565 36 PUL INTERNATIONAL LINE PVL INTERNATIONAL itsssisttttzviSiißxtassa M&m. Vtt VOT I Si I ■ua timiMm I c<c I I S7mi **m i^niS" IMifiggP Itiu M flfe Bfll iff Bfli —i ttr 18/11 ui i oi' H' AfiA —I flivU I cLi I nvll I Bff 1 nfliBfci —Hr Ih/i! 1BS"I sfllllSrlK
      565 words
    • 736 36 I A ACCORD A SHIPPIWO PTE LTD TH. >*****15 (40 Lima) MX: *****30 KMT DAM (U)M7I»I B Wi OWfCT ACCESS TH.: *****55 (EXPORT SOOKINO) MSVfiMMW tS7)SSIIV7 *****34 (KXPO6T OOq, *****39 (IMPOKT) *MM 194) W1441 vaaam UWJHTTP:/ JMUffH (11)6491/79 VAA^ rot? roi swi pot? m sin poit m tin hhtt ni
      736 words

  • Page 37 Advertisements
    • 420 37 INDONESIANiSIONA^N^I a. vessel |«nw [iyi-ryn| n/8i »4/r omit »7/»i 1 TO AUSTRALIA ~j Bii ofniimpii —UKI HI WY_ wS"tF W K W IE W ml own*. «w am a/ii «v« ww »ra wi NUMBER tM I7fll Wll CM 11/11 1W \*U IVU imumi *5a Hl2ii iro wi? an am {gggg|rofgg^
      420 words
    • 1033 37 ADVANCE CONTAINER LINES (PTE) LTD 140 Cacß Straat, #12-00, PIL Building, Singapore *****0 ML« Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. ***********6 OPERATIONS: *****60/ *****06 BANGKOK JAKARTA VESSEL VOY SM RKK VM JSI £1 -T7T] ac/,, 29/,, C-, SMARNUSAIUTCI) 978 26/11 V+d 29/11 Srt S/,, 00/n
      1,033 words
    • 936 37 Ireaoa* vov |aw jed I pso leh ham htm w 1 zee M.LE OE CAPHIA T39N 01/12 Wl2 IVI2 22/12 gfg 2V1224/12 26/12 M-LE D"AQUARIUS U23M 06/12 17/12 2tyi2 27/12 2W12 31/12 01/Q1 02/01 MI£OETALMUB A23M 16/12 gftt 04/01 OMH (WW 06*01 07/01 MJLEQgAMTARES UW 31/12 03*01 12/01 13/01 14/01
      936 words



  • Page 40 Advertisements
    • 46 40 To retrieve more schedules, just follow these simple steps... document /Liti 740-6000^^|^^ tcp be faxed the port H your Step key in the four number m digit lode Key in your Example: »—L-» fax number To NEW YORK (NYC) 2275 for calls within Singapore United States
      46 words


  • Page 42 Advertisements
    • 350 42 SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI S (*****7 J.TEL: *****90 FAX: *****98 \W-\-U7* TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI JIN FU 9756 21/n 2s/H 30/11 ifIMU 2Z22 28/11 03/12 07/12 JINYU 9756 05/12 09£2 13/12 MM 9758
      350 words
    • 214 42 S'PORE M'SIA Carrier: MN CONTR LINES, INC I ~IYv J cwwoi unnrrwiuuM 8»U: (om) *****9 Manila (632) *****61 BANGKOK: (662) *****57 SURABAYA; (31) *****0 P. KELANO: (»)*****77 JKE (21)*****07 M8it(61)*****3 ""POP I USA/JAPAN MV "ZIM HAIFA" V.9BW MV "GLOBAL HORIZON" V.045E ETA SIN: 27-11-97 ETA SIN: 30-11-97 ROTTERDAM/HAMBURG AUCKLAND MV
      214 words
    • 168 42 ljgp|p|pippi|l HHOPEI 2/12 Nan/Rdm/Atw/BmrVUK I ■SAMMi FORTUNE 28/11 Nan/Rdm/Atw/Bmn/UK I Loads EVW. Maiayaa, Indonesia I ■CENTAURUS Hodetdah/Jeddah/AqatWAJgona I ■GtORGOS Dubai/Bahrain/Damman/Kuwart I ■PAN FORTUNE Hodetdah/Jeddah/Aqaba/Egypt/Tripoli I H XI HAJ Aden/Hodeidah/Jeddah/Aqaba/Egypt I ■AKARTHOS Dubai/A.Dhabi/Bahrain/Damman/Kuwait I 'Loads Singapore, E./W. Malaysia, Indonesia I ■ocean EVER Los Angeles/New Orlean/Chaleston/ I Norfolk/Camden I ■handy RIVER Los
      168 words

  • Page 43 Miscellaneous
    • 127 43 LEGEND: R Thunderstorm Temperature »q y Shower Weother Wind direction with speed in knots Rom \_J Cloudy Sky Wov **'9*' Surfoce winds or* indicated by arrow* which My with Hie wind One fu# circle represents calm or fcght ond variable wwids i— One holt Heche represents 5 knots One hil
      127 words

  • Page 44 Advertisements
    • 75 44 "BUSINESSCENTRE access centre to shipping services and products. Around-the-clock. Seven days a week. 740-6000 Press 1 key in Document Code Key in fax number Enter your phone number ONLY MOBITALK OFFERS CRYSTAL CLEAR Document Code COMMUNICATION ISLAND-WIDE iKVJV-pwH mm Nostatic. No crosstalk. Just crystal clear communication. Save up to $61
      75 words
    • 73 44 Bangladesh Shipping Corporation Reference is made to above notice in respect of transportation OF CRUDE OIL A/C BPC WHEREIN PLEASE READ TENDER SCHEDULE (detail terms and conditions) may be obtained from under MENTIONED ADDRESS DURING OFFICE HOURS ON OR BEFORE "02-12-97" instead of "01-12-97". All other terms and conditions shall
      73 words