The Business Times, 27 November 1997

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, NOVEMBER 27,1997
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  • 13 1 mm. 1 MP re „-,.uw tgi —«n T=f=r— W^iuSSl&r (Source: NatWest Bank)
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  • 777 1  -  Depositors make withdrawals as rnmoors spread of more bank failures From, Anthony Rowley in Tokyo GOVERNMENT ministers and senior officials yesterday appealed for calm after customers began withdrawing bank deposits as Japan reeled from a crisis of domestic and international confidence. Finance
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  • 489 1  -  By I Siow Li Sen [SINGAPORE] The Singapore government has an arrangement with Indonesia to support the rupiah when the Indonesian currency is undervalued, Deputy Prime Minister Lee Hsien Loong said yesterday. He made clear that this arrangement is separate
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  • 374 1  -  Exchange will abo ago ten monitoring, study guarantees From Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange has set aside 500 million ringgit (*****.9 million), or about half of its total accumulated fluids, to assist any troubled member
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  • 601 1  -  Human Shanmugaratnam is MAS'new Deputy MD (Banking) Byi Catherine Ong [SINGAPORE] Singapore's top financial regulator, Koh Beng Seng, will leave his poet at the end of this week and will be replaced from Monday by Tharman Shanmugaratnam as deputy managing director (banking) of
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  • Page 1 Advertisements
    • 81 1 HKUtafsD* foreign raawes will dip to just ÜBUJb at yaaMod. says In taK* that** concern that IMP paeka* could MMnm «n% Saassung's car vnture. 4 Tarn to PagnS&tfcr tb-aodo*. report* ngsnpfn HHUfll OMistoplnr Tan takes you batted the wheafc of the reinvwited HI tin fint new Porsche 911 in 34
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    • 11 1 Indon atooks edge up as investors await loan news, Pg 6
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    • 83 1 <>;■' i- v J y ■»£■<JL'*. ■■■>'*• Wi#"ALFRED DUNHILL LONDON TMt Nkw NIUKNXH N Watch t v **i tifcfiiii JsfK'i-. J Wst- Kri m v i* i 1 .n ft e. T '> H±> t J. !< ?p -':V^ Pj *v' r V" i, i -us Y •'TK.j VV *•1
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  • SINGAPORE AT HOME & ABROAD
    • 308 2  -  JTC CEO to succeed chairman; other moves in EDB, NSTB Byi Audrey Tan SRVttAL changes in afenior appointments wJH. take effect at the Economte Dfcwriopment Boacd (Epß), Jorong Town Corporation (JTC) and Na timnl Science and Technology Bparcl (NSTB) from Jan 1, ISOB,
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    • 487 2  -  RigH control of Jong biggest dampener on economy, he says From Chuang Peck Ming in Ho Chi Mink Oity SENIOR ignista* Lt* Kuan Yew yceteraay suggested that Vietnam should take mea sured steps to free its currency and allow free ptovemeht of
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    • 46 2 Corrections clarifications IN OUR report yesterday, "New fund managers' body plans investment seminar", we said there was a one-time payment of $5,000 for regular (corporate) membership of the Investment Management Association of Singapore. This is incorrect. The fee is $3,000. We are sorry for the error.
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    • 293 2  -  EYE ON THE ECONOMY Investments Byi Carol Eng MANUFACTURING investment commitments in the third quarter fell 14.4 per cent on a year-on-year basis to $2.2 billion, due mainly to a dip in local investments. After a 28.2 per cent surge in Q2 compared to the same
      Source: UOB  -  293 words
    • 282 2  -  By 1 Toh Han Shih ONE of the world's top 10 personal computer sellers. Gateway 2000. has entered the Singapore and Malaysia markets with the opening of its Singapore office yesterday. However, the regional currency crisis has caused the US firm
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    • 513 3  -  1998 sales to release 35 ha against last three years' 50 haayear By, Jenny Lam [SINGAPORE] THE Urban Redevelopment Authority (URA) yesterday said it will release a total of 35 hectares of industrial land next year under its
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    • 271 3  -  Research unit starts liquidation, venture capital unit talks to potential buyers By, Audrey Tan THE fallout from the collapse of Yamaichi continues, with another two Singapore units ready to voluntarily liquidate or find new shareholders. Yamaichi Research Institute (YRI) told BT
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    • 455 3  -  By Benjamin Tan TEN unions and 19 companies yesterday took the first step to implement the "base-up wage system" when they signed a memorandum of understanding to launch it. Under the base-up scheme as opposed to the prevailing seniority-based wage system two
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    • 118 3 THE Singapore Productivity and Standards Board (PSB) yesterday signed a business matching agreement with Queensland's Department of Economic Development and Trade (DEDT). The first of its kind between the PSB and an Australian agency, the Memorandum of Understanding will cover areas such as technology exchange,
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  • Page 2 Advertisements
    • 647 2 m, a member of Singapore #1% Technologies ST COMPUTER SYSTEMS SERVICES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Members of the Company will be held at The Auditorium, 7, Bedok South Road, Singapore *****2, on
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    • 48 2 > L 37 7 vl Oil vmi' fIH MB I Chicago's hottest jazz drummer display his unl mited talents rimi h s un'-m ted band from 6 0< '7 3 January '98 at Somerset s Bar every night except Sunday, on Level 3. The VVestin Plaza. Tei 431 6156
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  • Page 3 Advertisements
    • 160 3 Order of (Unless Previously Sold Or Withdrawn) PEARL SEAVIEW HOTEL fljfHH NOS. 262 276 SHANGHAI STREET, YAUMATEI, KOWLOON, HONG KONG 21-storey hotel in urban area CLOSING DATE: 12:00 (noon), 28th November 1997 (Friday) For details, please contact the sole agent Singapore Office: Hong Kong Office: Mr. Richard Goddard (65-536 0606)
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  • FOCUS: PROPERTY
    • 1783 4  -  There are several issues other than price and agreement that both property owners and the government need to consider for successful collective sales By. Francis Lim The writer is the executive director of investment sales at Knight Frank. [SINGAPORE] THE government announced this month
      FILE PHOTO  -  1,783 words
    • 440 4  -  JTC scheme to buy smaller flats expected to help prices which are starting to slip By, Abdul Hadhi [SINGAPORE] Prices of three and four-room HDB resale flats, which have been less hit by the poor market sentiment than larger flats, may
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  • Page 4 Advertisements
    • 75 4 v $#*> w "j^ nS» 1H I Lss..;. I I;. lIJ MBUg IBPpw- v*3SBMBBBh-^^SP Located in Jurong East Flushed floor trunking International Business Park Floor to ceiling windows Close to Jurong East MRT station and bus interchange public transport Ideal for hi-tech companies eg R& D, Product Design, P e
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  • MARKETS IN TURMOIL
    • 219 5 Bloomberg [SEOUL] The South Korean government banned eight finance companies from borrowing overseas or lending foreign currency, effectively forcing them into takeovers by larger commercial banks. "Their foreign exchange trade will be gradually banned as we're going to ask healthy commercial banks
      Bloomberg  -  219 words
    • 544 5  -  Industries likely to be required to scrap new investments to over-capacity Froi Louis Beckerling in Seoul MARKET talk here yesterday was that the International Monetary Fund rescue package would require industries already labouring under overcapacity to scrap new investments. Also on
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    • 284 5 AFP [SEOUL] South Korea yesterday pledged "active" government intervention to prevent business collapses and announced steps to pull up the ailing stock market and hold down soaring interest rates. But the announcement by Finance Minister Lim Chang Yuel came amid gloom and uncertainty spawned by two
      AFP  -  284 words
    • 419 5  -  Plan includes 30% cat in investments, 10% pay cat for top staff From, Louis Beckerling in Seoul IN the wake of investors' rejection of a new bond issue on Tuesday, the Samsung Group yesterday undertook a dramatic overhaul of its spending plans including
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    • 603 6  -  Baht weakens an news reserves will be drawn down as result of BOTs defence From, Harish Mehta in Bangkok ALARM bells are going off in Bangkok following the disclosure by the Bank of Thailand on Tuesday that the
      Source: Bloomberg  -  603 words
    • 384 6  -  Central bank says it's talking to STpore on use of MAS' rupiah funds Frotj S N Vasuki in Jakarta INDONESIAN stocks posted marginal gains yesterday as investors waited for a clear government response on whether it will bail out cashstarved corporations.
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    • 284 6  -  But rumours of bankruptcies drag EL shares down By R Sivanithy [SINGAPORE] Most of the region's stock markets yesterday responded positively to a firm overnight session on Wall Street and a stable Japanese market but there was no let-up in pressure on
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  • Page 5 Advertisements
    • 174 5 =J v _<iTv-s"vV> V -Ik v< What shape is your business in? 11l i*• |»I»u Oln |||||I|l'l rilontril .•n-.tir<- surviv.il know th.it It .lit'.for in Thrill*.t'lvi. by 'tiniflt; So ni-.tCrtil ot |ii t pointing in.iikt.'t pic.sin us, ill.my mi'.ini then niTf i |iri.'.o? 1111.1 ill i ill of thfii vit.il
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    • 10 5 Sunday Classified at Clarke Quay Every Sunday, 9am spm |cats.|
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  • Page 6 Advertisements
    • 187 6 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Service In celebration of this outstanding victory by Subaru, Motorlmage ond Fuji Heavy Industry, the manufacturer, are offering the best trade-in value for your used car.
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  • APEC SUMMIT
    • 819 7  -  APHC SUMMIT Apec leaders wrap np meet with recognition that liberalisation most have priority Reports from Yang Razali Kassim WITH an eye on the markets, US President Bill Clinton and Canada's Prime Minister Jean Chretien led Pacific Rim leaders on Tuesday to shift the focus
      REUTERS  -  819 words
    • 397 7 PRIME Minister Mahathir Mohamad said on Tuesday the worst may not be over yet for the Malaysian economy, but he is not losing sleep over it. "I can't really say the worst is over because as long as there are people with
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  • Page 7 Advertisements
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  • REGION
    • 652 8  -  CHUVA WATCH BeQtntfi hugs state-owned corporations would do well to draw some lessons from Seoul's troubled chaebol By Lu Ning M SIAN countries must draw lessons from the recent financial m market turbulence, Chinese President LgM Jiang Zemin counselled Asian i leaders gathering for the Apec
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    • 375 8 BEIJING President Jiang sets target for 2006 in speech at Apec AFP CHINA will cut its average tariff on imported industrial products to 10 per cent by 2005 as part of its bid to bring import duties down to the world average,
      AFP  -  375 words
    • 296 8 JAKARTA Derision comes after government rejects proposed switieflMwt AFP PRESIDENT Suharto s halfbrother Probosutedjo will proceed with his lawsuit against the government for closing down his bank after an out-of-court settlement was rejected. Finance Minister Mar'ie Muhammad and Bank Indonesia Governor Sudrajad Jiwandono refused
      AFP  -  296 words
    • 1014 10  -  UTTER FROM HONOKOMO First the 'ran on buns', then the ran on amusement parks. What next in HE? By Quak Hiang Whai HONGKONG has been hit by several frantic runs on such diverse things as banks, cakes and toys. Our correspondent in Hongkong looks back and takes
      AFP  -  1,014 words
    • 549 10 BEIJING December summit to discuss incentives likA tax exemption, rebates te revive flagging grnitiwiont Bloomberg CHINA'S cabinet, the State Council, has called for an economic summit next month to reverse fast-souring foreign investor sentiment in its economy. Planned foreign investment is down a
      Bloomberg  -  549 words
    • 327 10 TOKYO Info unearthed could link officials to flews of questionable fonts AFP FORMER executives of Daiwa Securities Co were indicted yesterday, ending months of criminal investigations into Japan's "sokaiya" payoff scandal which hastened the downfall of another giant brokerage Yamaichi. With the indictment,
      AFP  -  327 words
    • 371 10 HONGKONG High interest rates, stock market fall seen hitting demand AFP HONGKONG housing prices will drop by 40 per cent over the next six to 12 months before bottoming out, Schroders Securities Asia said yesterday. Compared with summer highs, prices had dropped by
      AFP  -  371 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 81 9 Th» iww PoractM Ml. For toltor liwlw, plwi oowtoct tuttgft Auto at 23 Lang Km Itoai Ikflvm 1220 M M 472 4422 Fax: 474 2122 r1 k J 1 fI» i t The new Porsche 911. (Clever headline not necessary.) Stuttgart Auto Pte Ltd PORSCHE I Brunei: QAF EUROKARS SDN
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  • Page 10 Advertisements
    • 401 10 J H t H Magnificent large freehold 2570 (two thousand five hundred and seventy) acres property situated 3 hours South from Sydney near historical Braidwood and 1 hour and 15 minutes from the Capital of Australia Canberra and one hour from the 1L i i Jjfi; .'Mtm LujSjkf This property
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  • THE WORLD
    • 395 11 WASHINGTON Steady 1.7% rise in after-tax corporate profits while inflation hovered at 1960s level Bloomberg THE US economy grew at a slower pace in the third quarter of this year than previously estimated, the government said yesterday. Corporate profits rose
      Bloomberg  -  395 words
    • 124 11 LONDON Reuters CHANCELLOR of the Exchequer Gordon Brown pledged yesterday to introduce changes in the corporation tax regime in a way that will cause minimum disruption to British business. He told a gathering of businessmen at a London hotel that a cut in
      Reuters  -  124 words
    • 335 11  -  NEW DELHI Party wants ruling coalition to drop DMK of Tamil Nadu By Rajendra Bajpai SUPPORTERS of Sonia Gandhi, wife of slain Indian leader Rajiv Gandhi, last night increased pressure on the Congress Party to withdraw support and end the 18-month
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    • 251 11 LONDON Bloomberg GOLD plunged to its lowest price since March 1985 on growing expectations of further gold sales by European central banks. Gold for immediate delivery dropped as much as US$4.4O an ounce, or 1.5 per cent, to a low
      Bloomberg  -  251 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • EDITORIAL & OPINION
    • 773 13  -  THE BOTTOM un OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT SQUABBLING OVER policy towards Myanmar has long been a staple of the stormy Asean-EU relationship. Until two weeks ago, however, both regions were able to keep things
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    • 97 13 'Women readers would just lap up this royal stuff. They would not have they suddenly found out that it was all written by a man.' -WUtiam Matters a friend of Harold Albert who wrote royal biographies under the name, Helen Cathcart. The big difference between the Spice
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    • 638 13 EDITORIAL A SEMBLANCE of calm returned to Tokyo markets yesterday despite news of the failure of another small regional bank, and despite the markets being awash with rumours of more imminent collapses. But this calm looks like being merely a break in the storm, unless the
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    • 980 13  -  Australia's Constitutional Convention ballot in February is marked by confnrion, tnH some plain atire By\ Peter Lynch The writer is a Sydney-based journalist who contributes to BT in Sydney UNLIKE Queen Victoria, the current British monarch might be very amused. Australian republicans and the government
      FILE PHOTO  -  980 words
    • 488 13  -  Min.WIT THE PROPERTY DEBATE Quah Soon Tong AFTER the property crash of 1986, prices of private homes began to shoot up, with the residential property price index climbing from 58.1 in Q2 1986 to peak at 314.6 in Q2 1996 an increase of 441.5 per
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    • 350 13  -  B J Robinson S N Vasuki's article "Transparency Only Cure For Deadly Virus" (BT, Nov 21) mis-diag-noses the sickness. The "deadly virus" infecting the Indonesian economy is not rumours, which are merely symptoms. Mr Vasuki makes it seem that rumours are the cause of
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  • Page 13 Advertisements
  • Page 13 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 934 14  -  Porsche unveils a new 911 after 34 years. Christopher tan reviews CHRISTOPHER TAN IMAGINE changing your philosophy, your beliefs, your wardrobe, your hair overnight. Imagine starting over on a project that took more than three decades to perfect. Imagine the new Porsche 911. After 34 years of
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    • 206 14 [SINGAPORE] Porsche agency Stuttgart Auto will launch the new 911 model at the Ritz Carlton Hotel today. It has planned a fashion show of Porsche boutique items what else? for the event, which is only open to invited guests. Continuing what has become a
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    • BUMPER to BUMPER
      • 106 14 WATCH out Hertz and Avis. Just two years after starting up. rental and leasing company Hawk Rent A Car Is set to double its fleet as well as the number of offices it has in the Asia-Pacific. The modest newcomer not only survived in
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      • 81 14 THIS to the test that brought the Mercedes-Benz A-class down. The graphic above was reproduced from one 1 supplied by Daimler-Benz. The company maintains that the "mooee accident test", as it is called, "does not resemble a real-world situation as most drivers would automatically
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      • 85 14 THE internal combustion engine outperforms every other* known technology in total energy efficiency. It will remain, the most environmentally acceptable power source for the next 50-100 years. That is the belief of Michikatsu Sato, Toyota Motor Corp general manager of engine engineering. In the
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      • 81 14 COMPONENTS maker Delphi Automotive Systems has introduced a new range of "smart" airbags. These will use sensors—either ultrasonic, infrared, aeat-based pressure grid or radio frequency tags to dynamically track data such as seat position, occupant presence, mass, the presence of a rear-facing child seat and whether a
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      • 100 14 ABOUT one-third of Americans do not belt up when they 1 are in a vehicle, according to a Chrysler official. Jason Vlnae, in charge of worldwide product and technology public relations, told BT recently that this was the main reason behind deaths or injuries associated
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      • 82 14  -  Compiled by Christopher Tan THE 1967 J D Power survey results are out For sales satisfaction (which focuses on owners' purchase experience), GM's Saturn retained its top spot, while f Mercedes-Benz climbed to second from fifth position and LI Porsche third from ninth The more
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  • Page 14 Advertisements
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
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    • 137 15 CRYPTIC CROSSWORD ACROSS r—nr—r— 26 Ribbon around last of cigarettes' residue (4) 27 Tavern used improperly for jam-maker? (10) YESTERDAY'S SOLUTION risky escapades (10) 11 Continental prestigious car has jammed cylinders (5,5) |cio^si^TWGio|cieiriTiEißj DOWN 12 Dippy kk® rustic 1A route abroad (4) variety (5-5) iMU|np|gft 2 Looks both ways (4)
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  • A LEAGUE OF THEIR OWN
    • 2129 16  -  Aruno Salvi tells jazmb be how she battled discrimination on two fronts racial and sexual to be one of S'pore's top women in the insurance industry JAIME EE SHE was born in the Year of the Tiger, but Aruno Salvi can be a pussycat
      CHRIS LOH  -  2,129 words
  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 203 17 [SINGAPORE] Malaysian healthcare firm Hospital Pantai, which became a substantial shareholder of Asia Matrix only last week, has raised its stake in the Sesdaq-listed company from 5.9 per cent to 7.2 per cent. The 388,000 Asia Matrix shares were bought on the open
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    • 382 17  -  Retail division is in the red; good prospects seen for property, leisure By 1 Teh Hooi Ling [SINGAPORE] Property and retail group Metro Holdings yesterday reported a 5 per cent rise in interim net earnings to $2.6 million. Its turnover expanded at a
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    • 720 17  -  HOCK LOCK SIEW Russell Baker DISAPPOINTING earnings, dubious acquisitions, big cost blow-outs on projects, management upheavals and falling commodity prices have created a crisis of investor confidence at BHP. Large institutional investors no longer regard the resources group as
      720 words
    • 530 17  -  Growing need also for quarterly reports to keep investors informed of rapid developments By. Ang Wan May [SINGAPORE] A governing body for directors should be set up to raise the level of corporate governance in Singapore, said Minister of State for Communications John Chen
      530 words
    • 393 17  -  By. Annette Pau (SINGAPORE] Uraco Holdings' share price yesterday rose as much as 20 per cent to 42 cents yesterday before settling to close at 37.5 cents, after it dropped its $48 million rescue deal to buy over Cam International.
      Source: Bloomberg  -  393 words
    • 150 17 [SINGAPORE] Ong Beng Seng's Hotel Properties Ltd yesterday said its 50 per cent associate, Leisure Ventures Pte Ltd (LV), has bought the entire equity of Planet HoUywood (Kuala Lumpur) Sdn Bhd, Planet Hollywood (Guam) Inc and Planet Hollywood (Gold Coast) Pty Ltd. FoUowing
      150 words
    • REGIONAL COMPANIES
      • 495 18 Company dismisses takeover talk, says no run on deposits after chiefs death Bloomberg Reuters [KUALA LUMPUR] MBf Finance's non-performing loans make up 8 per cent of its total loans this year, said MBf Holdings' president for corporate services Tan Mong Sing. Malaysia's
        Bloomberg; Reuters  -  495 words
      • 163 18 AFP [BANGKOK] The plunging Thai currency has sideswiped the country's largest industrial conglomerate, Siam Cement Co pic (SCC), forcing it yesterday to announce massive foreign exchange losses. SCC president Chumpol Na Lamlieng told a news conference called to announce its consolidated corporate results that
        AFP  -  163 words
      • 479 18 All eight vendors listed are nominee firms Reuters [KUALA LUMPURJ Malaysian construction firm United Engineers (M) Bhd yesterday listed eight firms from which it acquired 722.88 million shares in affiliate Renong Bhd, a deal which has generated much controversy. But, in a statement from
        Reuters  -  479 words
      • 390 18  -  From Eddie Toh in Kuala Lumpur THE out-going chief of the Kuala Lumpur Stock Exchange, Nik Mohamed Din, has absolved the exchange of imposing trading curbs on in-dex-linked stocks in September, a short-lived policy that spooked the market. "Go ask the political
        390 words
      • 248 18 [SINGAPORE] OCBC Bank's customers will be able to pay for shares through the Internet from this Saturday making it the first bank here to offer such a service. OCBC's Internet banking venture will also offer services such as transferring funds, checking account balances and
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      • 442 19 Concerns centre on sluggish PC software sales, company's poor record of disclosure Bloomberg [TOKYO] Softbank Corp shares fell 16 per cent yesterday to a record low amid concern that sluggish software sales and lower-than-expected growth in Japan's personal computer market are hurting
        Bloomberg; Source: Bloomberg  -  442 words
      • 214 19 AFX-Asia [HONGKONG] Stephen Ng, chairman of Wharf (Holdings) Ltd unit Cable TV, said it has yet to work on plans to cushion itself against the "negative impact" from potential competition from video-on-demand service providers. He said "it has several plans on
        AFX-Asia  -  214 words
      • 238 19 Bernama [MELBOURNE] The Australian entertainment giant Village Roadshow, which has a presence in Malaysia, is optimistic about Asia's economic future. Village Roadshow chairman, Robert Kirby, said Village's strategic investment in Asia were merely "seeds" at present, adding that the currency turmoil in the region
        Bernama  -  238 words
      • 201 19 Liquidators unable to find buyer for entire business Bloomberg [HONGKONG] The liquidators of the Yaohan Department Stores (Hongkong), which ceased operations last Friday, are unable to find a buyer for the entire business, and will sell off remaining assets piece by piece. The nine
        Bloomberg  -  201 words
    • INTERNATIONAL COMPANIES
      • 160 20 Bloomberg V fBONN] Deutsche Telekom Said it will turn its cable TV business into a separate unit Wid may sell stakes to partners amid criticism from antitrust authorities over its dual role as Germany's dominant cable and phone operator. Telekom said its manage-
        Bloomberg  -  160 words
      • 367 20 German airline posts 578 m marks against forecast 467 m marks; analysts npbeat on future earnings Bloomberg [FRANKFURT] Deutsche Lufthansa AG said third-quarter pre-tax profit rose 83 per cent, beating analysts' expectations, as it cut costs and reaped benefits from an
        Bloomberg  -  367 words
    • FINANCE & COMMODITIES
      • 179 22 [SINGAPORE] ANZ Investment Bank has appointed four managers one for Singapore and the others for Hongkong as part of its Asian expansion push into the global project finance business. This foUows the appointment of Scott Mclnnis as the Singapore-based head of project finance (Asia-Pacific
        179 words
      • 408 22 UK bank may sell derivatives unit to Deutsche Morgan GrenfelL FT report Bloomberg (LONDON] National Westminster Bank pic (Nat West) is close to selling its European equities business to Bankers Trust New York Corp, people familiar with the situation said. The
        Bloomberg  -  408 words
      • 302 22 Bloomberg [PARIS] Cie Financiere de Paribas SA said it offered 25 billion French francs (556.9 billion) for the minority stakes in its Compagnie Bancaire SA and Cetelem SA units, a move that could protect the bank from takeover. Paribas is offering three of
        Bloomberg  -  302 words
      • 148 22 Bloomberg [NEW YORK] Salomon Inc lost US$6O million (5595.7 million) after taxes in October because of global market volatility, and was "modestly profitable" this month, said its new parent, Travelers Group Inc. Salomon shareholders voted on Tuesday to approve Travelers' US$9.3 billion purchase
        Bloomberg  -  148 words
      • 222 22 r>i wk« Report Reuters [SINGAPORE] The yield curve for Simex Euroyen futures flattened further yesterday as worries over the Japanese financial sector supported the long end. Another Japanese failure this time the regional Tokuyu City Bank sent more shivers through Asian markets and raised the prospect
        Reuters  -  222 words
      • 151 22  -  MSCI TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract marked time yesterday ahead of Taiwan's weekend county chief and city mayor elections. Trading in the Simex MSCI Taiwan Stock Index
        151 words
      • 237 22 ENERGY REPORT Reuters (LONDON! World oil markets fell yesterday as the Organisation of the Petroleum Exporting Countries (Opec) began a meeting in Jakarta to discuss a possible hike of its output ceiling for the first half of next year. But early losses were
        Reuters  -  237 words
      • Article, Illustration
        1392 22 □VTERBAITX CROSS UTBi Nov 26 1 C> KB Ffr P« HKS V Ww m B$NI«» Hm X tmi Ut *T% MK E—8 Wt < Allstrata 0.974 4178 0.605 4.011 11N 1289 *****5.078 4872 7495 22W U09 3486 ***** 1092 1326 4968 22.167 27.0* 0.409 0.684 Canada 1027 5.835 0421 4.120
        1,392 words
      • 264 22 AFP THE dollar reached a onemonth high above 1.76 Deutsche marks amid expectations German interest rates won't be headed higher anytime soon, while US growth remains robust enough to keep rate-rise speculation alive. The mark lost some of its lure as a haven from tumbling Asian stock markets,
        AFP  -  264 words
    • 1811 23 SICOM I'UTUKBS Nov 26 RU88CR (Mures closing u tt 5.30pm) ISS1 CONTRACTS cMb/kq) Close VoHine Open mm High Low Sett (tomes) Interest Dec 97 126.50 Jan 98 127.25 745 Feb 98 129.00 920 Mar 98 130.50 130.50 130.50 50 1470 Apr/Jun 98 137.25 135,50 136.50 2775 ***** Jul/Sep
      1,811 words
    • 1573 23 Bloomberg H Nikkei 22S ♦178JB JAPANESE stocks rose as Investors sought refuge from the nation's financial system troubles in top exporters such as Toyota Motor Corp. Fuelling the market's rise was news that the ruling Liberal Democratic Party will call for use of money from the government's general account
      Bloomberg  -  1,573 words
    • 2296 23 LONDON industrials tail >wii 31 Croup 470 -9 AB Ports 279 6 A66ey National 937 5 Allied Domecq 527 -10 Amec >27 -1 Asda Group 160 -.400 BAT Ind 541 8.600 BCMc 269 -.400 BICC 152 2.600 BOC Group 941 *4 BR Petroleum 809.400 -45 BTR 210.600
      2,296 words
    • Article, Illustration
      1522 24 Reuters AFP Q Hang Seng +2155 STOCKS closed sharply higher yesterday in line with Tokyo and despite gyrations in currencies that suggested more uncertainty for the markets, brokers said. The Hang Seng Index closed 264.55 points, or 2.56 per cent, up at 10,590.11. But turnover remained low at HK$6.B6
      Reuters; AFP  -  1,522 words
    • Article, Illustration
      553 24 Reuters |3 Shenzhen B Index CHINA'S hard currency B shares staged a modest rebound yesterday after sharp losses earlier this week as investors crept back into the market, brokers said. Shanghai B shares had tumbled about 10 per cent in the previous two days and the Shenzhen B Share
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  553 words
    • 377 24 AFP QwPlafci -CL73 TAIWANESE stocks slumped 0.8 per cent yesterday as investors stepped to the sideline ahead of local elections, looking forward to good tidings in the week ahead. "The closer to the election, the more pervasive the wait-and-see attitude," said Michael Hsu of Fubon Securities Investment Trust Co
      AFP  -  377 words
    • 254 24 AFP n Wellington ♦1177 STOCKS bounced back with a 0.9 per cent rise yesterday after taking heart from a rebound on off-shore markets despite gloom stemming from Asia's financial turmoil. The NZSE-40 Capital Index rose 19.77 points to 2,302.59 on a turnover of NZ5121.3 million.— AFP ■»m row ANZB«n*in«
      AFP  -  254 words
    • Article, Illustration
      822 24 AFP HsgTMex TUMBLING Thai share prices staged a late rally yesterday as investors sought bargains after the market plunged to a new eight-year on Tuesday. "There is nothing very good in the market, but the fact that there is nothing bad is enough for the market in its current
      AFP  -  822 words
    • 395 24 AFP Q Opposite fain -4UI SHARES prices closed slightly lower on the Korea Stock Exchange yesterday as investors remained hopeful the government would announce market boosting measures, dealers said. "News of boosting measures helped the market from falling further today. But the government should be warned that if they
      AFP  -  395 words
    • 575 24 AFP FlAllONiatriM +&7 AUSTRALIAN share prices rose 0.3 per cent yesterday as investors sought refuge in industrial stocks after falling gold prices dragged down the resource sector, brokers said. The All Ordinaries Index gained 8.7 points to clcse at 2,463.1. National turnover totalled 342.26 million shares worth A 51.19
      AFP  -  575 words
    • Article, Illustration
      664 24 AFX-Asia Q Composite fain +2M SHARE prices closed higher in quiet trading led by Telkom and other selected large-caps amid institutional support apparently orchestrated by the government ahead of Aneka Tambang's listing today, dealers said. The Composite Index closed up 2.86 at 396.54 on volume of 416 million shares
      AFX-Asia  -  664 words
    • 289 24 AFP Q Manila *4.04 PHILIPPINE share prices rose 0.2 per cent yesterday due to an upturn in overseas markets, with Wall Street closing higher despite concerns about the Asian financial crisis, analysts said here. The Composite Index rose 4.04 points to close at 1,799.39 points. Volume fell to 1.155
      AFP  -  289 words
    • KUALA LUMPUR STOCK MARKET
      • 368 25 Bloomberg AFP POampogtalnig -I&A6 MALAYSIA'S benchmark stock index tumbled to a six-year low on expectations interest rates will rise further, as the turmoil in Japan and Korea causes more funds to flee Asia. Malaysian "interest rates are likely to move up and
        Bloomberg; AFP  -  368 words
      • 8669 25 Cmsmmt predicts 8*7 last val Dpy Nat Cap ►6*1 taw C imp thy Wt -000 Htpli Lw M W no as juiwmmiq w -s a «o >3s ao hi 441 130 Anpkasa 00 15 Ml I4J UO 3.9 HIT *09 243 ApaPeFaadHIp 270 -19 102 27* 245 7.9 8X0 76S
        8,669 words
    • WARRANTS&OPTIONS
      • 206 26  -  WARRANT WATCH -Dy\ R Sivanithy PARKWAY Holdings' shares and warrants seem to be out of favour in recent weeks, despite having attracted heavy demand earlier this year when DBS Land took a major stake in the healthcare company. Assuming that DBS Land is still interested
        206 words
      • 3415 26 M9T Lax M Omr Last Mi A«a MM Lot Mm Cia*ii| Mi *ar- rooo) MM Lot •"Y* M> Mm M 17 m 3000 ai AMMcS5%0202M ITd 4 96 M 17 17 19 81 IS 3160 'Acer W0W731 USS It undi 8 19 M MS 1*5 Ol 23 3M4 toM WOW724
        3,415 words
    • 1972 26 Or Of 1997 Lai Val Oay Last Oim«* 0»r Okr VM Ml MC« >•» m w— cih»>»wt sua roooi >■» u» 8wyar cw w 470 Tl! mi 5000 AJ58 50C 84 cd -3 162 M 82 IU 04 5.0 U U )2J aU 137 2X5 mi 9001 AMOOSOc
      1,972 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1787 27 TURNOVER COOO) VALUE 000) CIO> T«H M«m CH» TXIndustrie 61.639 41.738 103.377 130.453 25.120 163.573 Finance 10.514 20,194 30,708 74,706 23,517 98,223 Hotels 3.324 1.398 4,722 3.951 556 4,507 Properties 9.174 20.174 29,348 31,116 8.544 39.660 Plantation 3,725 3,725 2,695 2,695 Mining 839 «39 599 599. 81V* 5.800 12.127 17.927
        1,787 words
      • 5437 27 Transaction Date: Nov 26 Gr Gr M Wt 1997 Last Vol Day Lot Quote Oiv Dlv VM Nat Cap Avg HI# Law stNo Company Sala COOP) High Law Buyer SaWar Co W Smll Prtca INDUSTRIALS 157 39 e 1020 ACE Dynamics60c 39 -3 42 40 39 38 5
        5,437 words
      • 1239 27 6r Cr M *rt 1997 LMt Vol Day Last Ouott DW Dtv VM Net Cap A»« l— ««w» cimm nit rooo) h%» l— i»y«f cw p/i ix pum SOMA 186 76 2000 ABRHkJqsSc MS 67 148 145 146 149 3.0 6.0 0.1 211.4 6S.8 136 448 144 t 2049
        1,239 words
      • 156 28 Jfrib VataM Mu*adflcMl 9,230,000 MM 7,666,000 ■CWfuSc 7,550,000 ■|T«4 BC 7,449,000 fll<N 7,139,000 AplOC 5,905,000 Ptjlll 5,814,000 EwC«v50c 5,734,000 Mt 5,481,000 ftp WW 4,288.000 MCBC 22,394.201 *****,812 ■MlNlp 20,925,120 fi§CF««p 20,079,903 MFortfp 11,547,254 IMI *****.446 BlM 50c 10,408,232 ■|f dp 10,*****0 &d C«p 9,553Jll U—, 8.523,040 fiftCaiNc 65 ***** MHltandVOO
        156 words
      • Article, Illustration
        78 28  -  by Shiv Taneja RASHID HUSSAIN closed 12 cents lower yesterday at f1.92 on a volume of 1.61 million shares, compared with its I O-day traded average of 1.15 million units. The share is trading at its tuxHmd-a haff year low, and in the near term, there appears to
        78 words
      • 679 28  -  STOCK MARKET COMMENTARY S'pore rise not backed by volume; selling pressure in EL despite many stocks trading below asset values By R Sivanithy [SINGAPORE] Despite a relatively reassuring Tuesday response from Wall Street to the Yamaichi collapse and stable sessions
        679 words
      • ON THE GRAPEVINE
        • 59 28 CITIBANK, which has been aggressively pushing share margin financing, has formed a task force to handle the rising amount of potential bad loans now that the stock market has lost so much of its value. Wonder whether the task force is made up of the same people
          59 words
        • 98 28 HERE'S a story about a work in progress. Talk is that a major property developer hired a world renowned architect from America to design his new house. The architect is well known in the Far East as well, having designed two of the most eyecatching—his detractors would say
          98 words
        • 67 28 A RECENT newspaper article which reported that some 400 lawyers have left the profession this year due to the slowdown in the property business has this comforting message for the bigger firms. Those with more than 100 lawyers, it said, were hardly hurt because of "good
          67 words
        • 136 28 BIG Mac, McMuffln, McChicken and now, McBolt? This is apparently the latest offer by McDonald's in Australia, at least in Melbourne. Going by court proceedings there, McDonald's served a 22-millimetre metal bolt to a customer in a Sausage and Egg McMuffln in June, she complained. When city
          136 words
        • 137 28 WHEN it comes to picking lucky numbers, it doesn't look like JIT Holdings has a monopoly. The newly-listed company had offered its shares at 88 cents (that's "double prosperity" in Cantonese dialect), with a. forecast price-earnings ratio of a 12.8 ("easy to prosper") times. Now another company. Twin
          137 words
        • 118 28 THE region's economies may be in trouble but the Sinar Mas group is continuing to borrow aggressively. Latest news is that its Singapore-based Asia Pulp Paper is appointing either Peregrine or BA Asia to issue RMI.S billion (***** million) in bonds. It is said that the money will be
          118 words
  • Page 17 Advertisements
    • 60 17 W T U JV PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purcfiase Approval V I i\ The Royal Bank
      60 words

  • Page 18 Advertisements
    • 205 18 @1 Jrban SALE OFSrnS FOR HEAVY VEHICLE PARIC^^ Land Parcels A 9t B /f Tuas South Avenue 1/3 *£?s3SB3BcSd7?/ Ideally located within the I "X, SITE SOLD/ /7 J&S Tuas Industrial Estate Near the Second Link to Malaysia /VC/£ S. SSI f y Easily accessible via PIE and rlsSp/ Jalan
      205 words
    • 42 18 \h Hoi s kitchen is located on "W" "W" B level 4. lanolin Mall I radcrs Hotel J? U i'ooldcck). Open daik from <v )opni and lor lunch on Saturdav .uul all S > 1 -H7) lor ivst r\ al ions HUM POLES,J~
      42 words

  • Page 19 Advertisements
    • 119 19 I— MBMfewsii T SINCE 1904 V* hour Colour Print P 1 hour E6 Slid* Process I Canon Instant Colour Laser Copy/OHP L 1.C./Passport Instants H Lamination Available at _081-15JDrchard Towers, Orchard Road Tel: *****15 J THE PROFESSIONAL LAB L WITH COMPLETE SERVICES I Commercial Exhibition Enlargement for I Displays Light
      119 words
    • 94 19 DALE CARNEGIE TRAINING* YOUTH CLASS (Age 13-18) in Communication A interpersonal Skills Increase Self-Confidence Being Positive Enthusiastic Better in Communication Improve Memory Skills Reduce Tension Stress HOW 10 BE A BIG SENDER WITHOUT BEING A BIG SPENDER. It's not the 25 kilos you can fit into a Value Box that's
      94 words

  • Page 20 Advertisements
    • 516 20 3 EXCEL LEARN CONSULTANTS Topics to be covered Fraud awareness, prudence, management controls Misrepresentation Act Evidence Act; parole evidence rule Sale of Goods Act Exclusion Clauses Statute of Frauds Passing of title to property; the "Nemo dat" rule Dishonoured cheques; passing of property Status of innocent holders of stolen goods
      516 words
    • 79 20 Gss there anyplace south crfj (zptoncf to get authentic 'Cantonese cuisine? ...Of course. isavoLir the e.\(fuisite ftavotirs of traditional Cantonese dishes, prepared by our team of master chefs from Hong Kong at the aiuard<uinning wati Lok Cantonese Restaurant. A number of Corttoo Hotels Auckkuxi Brislxioe Melbourne Stixjopore Syiloey A T
      79 words


  • Page 22 Advertisements
    • 199 22 The Wholesome goodness of Winter Claypot Temptations For your pr nDecember, we offer 5 sumptuous r jIHH set menus from for persons to for 10 persons. Delight in the fragrant aroma and wholesome goodness of our Winter Claypot Temptations. Enjoy Xin Cuisine's Hong Kong Master Chef, Fok Wing Tin's specially
      199 words



  • Page 25 Advertisements
    • 29 25 t Wh%r% t© (f I Jtifig, sifig, swifig... I erffHr Five? s "N k Check out AFTER 5, your weekly entertainment guide in The New Paper Fastads, every Friday.
      29 words



  • Page 28 Advertisements
    • 228 28 [(-{<<(}:),_=?[?;+>;?:[<[@',;@] Sale By Receiver Magnetic Tapes Video Cassettes Manufacturing Plant Machinery Tenders are invited for the purchase of Inventories and Plant Machinery consisting of the following on an "as is where is" basis: PLANT MACHINERY Machinery necessary for manufacturing of magnetic tapes and video cassettes, including chemical mixing machinery, coating
      228 words
    • 243 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO BLUERISE SINGAPORE PTE LTD (In Voluntary Liquidation) Al aa Extraordinary General Meet lag of the above Company duly convened and held al 515 North Bridge Road 914-05, Blanco Court, Singapore *****0 oa Thursday, 27th November 1997 at 11a.m., the followiag special
      243 words
    • 36 28 To advertise call toll-free 1800-741 1883 The secret of success is... 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&
      36 words
    • 335 28 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 90 F.E. ZUELUG (SINGAPORE) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 20 November 1997, the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP That the Company be wound up voluntarily
      335 words
    • 333 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ZUELUG HOLDINGS SINGAPORE PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 20 November 1997, the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP That the Company be wound up voluntarily
      333 words

  • SHIPPING TIMES
    • 296 29 Bridge News, Reuters Reuters RATES FOR Panamax tonnage in the east remained under downward pressure and the current economic woes in the region fuelled owners' fears of a longer-term downturn in trade, brokers said. The futures suffered from light volume again, in a shape reminiscent of last Tuesday's
      Bridge News, Reuters; Reuters  -  296 words
    • 276 29 ■wM SI HI CWTOtet 041 -0413 41 ChuanHup OAS -0.03 1349 Coacolnv 0.80 -0429 20 fralaMlMi 0.28 -0.02 3*1 G8 Holdings 0J3 *0.03 n Hal Sun Hup 0.72 unch 70 HltacMZoaan 0.49 -0409 44 IMC Holding* HK5A0 Jaya Holdings 0.50 -0.02 10 Jvrong Shipyard 7.83 -0.19 1 K
      276 words
    • 466 29  -  Successful 3-month long govt drive to decongest ports to be extended From Rajendra Bajpai in New Delhi INDIAN ports, blamed for slow turnaround time for vessels and waiting time extending beyond 10 days at some terminals, have succeeded in cutting pre-berthing time for
      466 words
    • 484 29  -  From. Alec Almazan in Manila THE Philippines' largest seafarers trade union announced that it would soon establish a maritime university just as it took delivery of a 5,000 gt dedicated training ship from Japan last week.
      484 words
    • 102 29 AFP [HONGKONG] Wharf Holdings subsidiary Modern Terminals Ltd (MTL) has taken stakes in container ports in eastern China's Qingdao and Ningbo. MTL managing director Erik Christensen said the company had signed a letter of intent to take a 49 per cent stake in
      AFP  -  102 words
    • 59 29 [AZORES ISLANDS, Portugal] An aerial view through a Portuguese airforce helicopter— of a Panamanian cargo vessel torn in two by violent storms off the mid-Atlantic Azores Islands on Tuesday. Rescuers plucked to safety all of the 34-strong, mainly Italian, crew after they had taken refuge in
      REUTER  -  59 words
    • 236 29 Bloomberg [HAMBURG] Hapag-Lloyd AG, a German travel and shipping company that may be bought by Preussag AG, said it expects 1997 operating profit to rise as much as 9 per cent amid increasing shipping and tourism business. The company said it expects 1997
      Bloomberg  -  236 words
    • 144 29 [SINGAPORE] PSA Corporation is entering a total of 41 quality control circles for the 1997 National Quality Circle Convention, capping 16 years of the QC movement in the organisation. PSA chairman Yeo Ning Hong said that PSA reaped $10 million of cost savings
      144 words
    • 99 29 [PORT KLANG] Firemen spraying dispersant to contain an oil slick from the cargo ship An Tai which sank with several thousand tonnes of fertiliser and chemicals at a wharf of North Port in Port Klang, Malaysia. Firemen and marine police managed to prevent the oil
      NST  -  99 words
    • 716 29  -  IVEWBUXLDS By\ David Hughes ANYBODY who was not quite sure how many VLCCs Golden Ocean Group had ordered will have been enlightened by its managing director Robert Knutzen who spoke at the World Tanker Outlook Boom or Bust Conference? last
      716 words
    • 1140 30  -  AUSTRALIAN MARITIME INDUSTRY Minister ups the ante by introducing concrete standards for measuring progress on the waterfront Kevin Chinnery Lloyd's List Australia's influential workplace relations minister, Peter Reith, has taken complete responsibility for maritime affairs in his portfolio, adding shipping reform to his already substantial
      Lloyd's List  -  1,140 words
    • 257 30 PAGE ECl 5 ACL 9 ft EES 8 anl 3 Ethiopian 6 Accord 8 Euroh Appenship 5 6 i Astro 3 F4mous 7 Austral 9 PL-Bright 6 Avant 6 foongSun 8 BSA T *-in* 4 Batammdo 7 Gemartrans M Bayswater 7 Genshpg 9
      257 words
    • 25463 38 EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oestn Name Name Number Number Ot/12 18/12 Sunship CHIANGMAINAVEE 22EB *5-*****22 A 09/12 12/12 ACL SINO MARINE MRN313 45-*****21 TV AB-n 1AM IAB It ?An? M/12 13/12 ACL
      25,463 words
    • SHIPS IN PORT
      • 763 43 V**** 1 Voy No Barth Arrival Dapartur* If ***** Jmm J7.ll/U00 JJMW 0n»7 J01 HoofSMlo 27.11/1200 «f 1 0 *****7 JOI Mompidt 27.11/0700 SOMb 1M497 JOI »onov<X 27.11/0400 C4*0tt« '<« 01 J22 <Mogji4o 29 H/1500 Honor 9704 J04 MooqsiOo 2*11/2100 **<"4 340/97 J 06 Uoflfudo 30.11/1500 *4»0. I
        763 words
      • 1775 43 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/BoUnce Rstls Ship Voy Mo Etb/Btf Period From To From m nmo u 24/1900 24/149* 24/1*00 24/1500 24/149* 24/1*00 24 24/1700 27/0451 27/0400 21 24/1700 27/0454 27/0400 1 27/0700 27/1154 27/1400 4 27/1200 27/1454 17/1700 *a*w4« on nmst j* 24/1500
        1,775 words
      • 212 43 Nov 27 United States: Thanksgiving Day. Nov 28 Albania, Iran, Jordan, Kuwait. Panama, UAE Nov 30 Philippines: Bonifacio Day. Portugal, Romania Deo 2 UAE Deo 3 UAE Deo S Ghana Thailand H.M. The King's Birthday. Deo 0 Finland, Spain Deo 7 Cuba, Italy (Milan) Deo 8 Argentina, Austria,
        212 words
      • 875 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        875 words
      • 506 43 C"»M 180 Mm 993.9 12 17J 0.10 56 0.04 P«BtHy Wattr Itttkhw Art Aluminium SMImtnt No «6ow £25 2 1 3 0 0 0 %N/M 380 Aw 986.9 0.4 13.1 0.07 33 0.02 la* 380 Mai 997.0 0.9 16.7 0.09 91 0.08 H,/ *S£ %M/ g»
        506 words
    • AIR&LAND TRANSPORT NEWS
      • 318 44 Reuters [MOSCOW] Russia's Rosaviakonsortsium, a financial-in-dustrial group comprising leading domestic aircraft makers and airlines, has announced an international tender for delivery of 50 passenger planes to three Russian airlines. Company head Tatevos Surinov told a news conference on Monday the domesticuse planes
        Reuters  -  318 words
      • 69 44 [NEW DELHI] Passengers stand stranded before a packed Delhi Transport Corporation (DTC) government bus yesterday in the Indian capital's central, bustling Connaught Place after private bus owners launched an indefinite strike despite a warning by city authorities that private licences would be scrapped if
        AFP  -  69 words
      • 348 44 Analysts predict earnings of lb marks in fall-year 1997 Reuters [FRANKFURT] German airline Deutsche Lufthansa AG was set to report a huge rise in nine-month profits yesterday, aviation analysts said, putting the rise down to cost control, upbeat currency developments and lower fuel prices.
        Reuters  -  348 words
      • 579 44 But company has long way to go before it can be declared healthy, say analysts Reuters [SEATTLE] Boeing Company said they were cautiously optimistic about progress so far on a plan to restore normal production to airplane programmes plagued by parts shortages and other
        Reuters; FILE PHOTO  -  579 words
      • 196 44 Reuters [HONGKONG] Hongkong Dragon Airlines Ltd (Dragonair), a major unit of listing candidate China National Aviation Co Ltd, said its 1997 revenue will be below budget. "It is now pretty certain that we will end the year with a revenue position below budget," chief executive
        Reuters  -  196 words
      • 256 44 Airlines enjoying strong domestic growth: report Reuters [HONGKONG] Asia-Pacific airlines are suffering one of their worst periods for many years, but Chinese airlines have a brighter outlook, the 1997 Global Aviation Review by Salomon Brothers said. The Chinese carriers are one of
        Reuters  -  256 words
      • 237 44 Reuters [MOSCOW] Russian flagship carrier Aeroflot announced on Tuesday a drive to improve its reputation for poor service with multilingual cabin crews and spiced up menus. Tamara Yakubovskaya, Aeroflot's inflight service director, said that the company, notorious for its taciturn and grim-faced Soviet-era crews,
        Reuters  -  237 words
      • 1787 44 CITY FLIGHT ETA FUftHT ETO UMk 0F81 1910 0F82 20M »N74I 1310 VH740 1410 $0229 2220 wo "P l iMtKtol KIM) 0550 RUN 1335 TC407 1540 TG408 1645 0125 0700 0126 2355 —W W S025 0700 S026 2355 Ho CM Mind VN741 1310 S0172 1005 *L837
        1,787 words
  • Page 29 Advertisements

  • Page 30 Advertisements
    • 821 30 1 NORTH AMERICA QULF/INDIAN SUB-CONTINENT 1 SINGAPORE CALIFORNIA EXPRESS (DIRECTFROM WEST COABT) [QULF KARACHI EXPRESS (QKX) VISSCL VOY OAK VAN SEA U SM VtSSB VOT JU DMN OAH KAR CM PIG SIN NOIRUIY 01W544 11/11 13/11 M/H 10/111 17/11 NY* VIRGO Oil 14/11 10/11 17/11 11/11 17/11 01/12 01/11 NOi
      821 words
    • 682 30 K. L ;Z!l! e^ C !!o PfeSente C A Memoers of the ■R3l' Members of the Registry oI f-n ■hi Singapore Freight Forwarders Accredited Shipping Agents CmUU Association Sngapore Shipping Association £> Safe and Moscow EXPORT 3 x Japan -2 Hongkong -1 x Manila -1 x Kooshiung, Keeking (Accepting FCI
      682 words

  • Page 31 Advertisements
    • 1105 31 I PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA lAX/HOU _J Ivesa 1 voY Irn lawn* Iswnp I iax pal I mb* I<h myc ai hou not sa APISMGAFORI 01* 17/11 19/11 20/11 05/12 W/12 10/12 10/12 12/12 12/12 10/12 11/12 13/11 Aft JAM* 17/12 u/12 u/12 17/12 _iy/i2_
      1,105 words
    • 2282 31 HANJIN SHIPPING USA CANADA* fixivwot |m| mi pr-1 umhaul/vot sia m oa» 01 on rut mm jg owi otf myc m yyc |tk I tul yyz h.rhamthoiTi a/ii wiT" 10/13 n/n 31/13 33/13 34/13 m/» m/ 13 m/h ts/i? 35/13 37/13 31/13 m/» 33/13 «/u 35/13 H.NMMNO3OI M/ 13 07/13
      2,282 words
    • 105 31 lORIENT EXPRESS LINES (U.K.) LIMITED OKJj (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VlSStl VOY SINGAPORE IQMIAY VESSEL VOY IQMIAY SINGAPORE KEDAH 008 28/11 07/12 KEDAH 007 19/11 28/11 ACHIEVER 003 01/12 10/12 ACHIEVER 002 22/11 01/12 ALBERT BRIDGE 008 05/12 14/12 ALBERT BRIDGE 007 26/11 06/12 NORDKAP
      105 words

  • Page 32 Advertisements
    • 1333 32 DSR-SENATOR jNKb Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT Htwa VOY MM m HIT W Wl m IHA ¥fl«l VOY LHA FU HTM OBV HAM MM HONGKONG SENATOR WF73I Mll 21 12 22 12 22 12 23 12 24 12 2* 12 CHOYAMO SUCCESS EE74I 02 11 KSII
      1,333 words
    • 1192 32 MY MMG LJNE YML ,rrt m t //www.ymLcom.tw rt»mrtiljUL44 Hr ft 4 IfMfmil.'lilFl'miißJil.'kjl.'ll'WiJUlilJJHirßtlil.'Wl.'U.'KlJlimii'lJimmil'JMl AKWVAL RXSOOAY-tuesoay VESSEL VOY LEH FIT HAM MR HFA SIN GIBRALTAR BRIDGE 80/A74IE SLD SLD SLD SLO SLO 02/12 DOVER BRIDGE 96/A742E SLO SLO SLO SLO SLO 09 DEC MING MOON 04/A743C SLD SLO SLO SLO 02/12
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    • 635 32 LINE fBS? A TCLt ***** M PAXi 3291*37 1 MUARA 1 1 LABUAN vtssa vot itd eta msa voy cm eta SPORE m SPOtl UN IPOOSPB VM/97 30/11 01/12 J-PtOSPH V2*/t7 10/11 04/12 APtl GlOtY V*/f7 05/12 01/12 APtt GUXY V3K/97 OS/12 Of/12 jraosra vm/*7 of/1212/12 j nosrai mv of/1211/12
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  • Page 33 Advertisements
    • 1389 33 IVESSgL VOY SIN BKK POU PKQ PtN BLW BUR BA I BIK IRAN MEEZAN PJL-1201 11/11 26/11 24/11 MANTEYFOURI PJL-1260 18/11 24/11 IRAN MOBIN PJL-1262 02/12 11/12 13/12 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN. ARMENIA, KAZAKHSTAN, UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAPZHIKISTAN A GEORGIA VIA B.
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    • 1845 33 CARGO TO/FROM 1 SHEKOU A HUANGPU I direct I SINGAPORE'S GENERAL AGE NTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/l) "^OsJo^ToHORTofFKTCOSTAR SHIPPING PTE LTD lIZ-MMSKOG SAJ.ES/IKGS *****41/43 INWARD ocrr (D/OJ *****15 COSTAR AGENCIES (M) SDN BHD I CI NO: **********0 M TOWER TWO (*****) CONVENTIONAL *****50/55 T/SHPMTDtPT
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  • Page 34 Advertisements
    • 903 34 v "Ft,RSWBWSMBMMIIMWMjBM SGP ROM ANW HSG TMP ZEE LHV LHV TUP ROM ANW MBG P*L SGP E RIGHT RW-031 02/12 21/12 25/12 21/12 23/12 24/12 28/12 I. GROUP RE-088 OS/11 06/11 07/11 00/11 OXI2 E. ROUNO RW-028 07/12 29/12 30/12 20/12 20/12 20/12 30/12 E. GLAMOUR RE-063 12fl1 IMI 15/11
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    • 481 34 Pl* NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VQY I SW I PU) I PUR I CPT I R/IAT wroupnwoss oi«s 01/12 is/12 19/12 MHUIOUEH O?4S 07/1? IS/1? H/l? 24/1? CAjjUNRM 002S 14/12 21/12 30/12 )U)fU] DUGOO 003S 19/1? W/12 02/D1 05/01 01/01 wmiwma om run
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  • Page 35 Advertisements
    • 719 35 l BSfl X l Ml MYANMA wBBk FIVE STAR UNI (Myonmar National Line) v Loading lor Yangon (Rangoon) ViSSEt VOT SIN PRG PEN PGU mm u «w sid HP* AM 239 IN PT MALAYSIA AGENTS: lOUSTEAO SHIPPING AGENCIES KUL TIL 02-03-*****00 PHL- HI 02-03-*****01 PfN: TU 02-04-*****02 PGO: TIL 02-07-*****21/4
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    • 1136 35 HYUNDAI I MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 IVKSfI I VOY M I UM I RTM I AHI HAM I Hi I Jtt HY ADMIRAL 3IOW 01/12 10/1? 14/12 11/12 11/12 21/11 14/11 HY HIGHNESS MOW 00/11 15/11 16/1? 10/11 10/11 10/11 11/11 HYIARON HOW 15/11 01/01
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    • 698 35 FAMOUS CONTAINER LINES I IBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 LINES) WEB RASE ADDRESS: www.fangin.cow.st E-MAM. ADPRESS; adnrifr&famsiH.com.sg DAILY SAILING TO v < ~-1 k |V£g[pfe*~ mm. ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES)
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  • Page 36 Advertisements
    • 948 36 IANQKOK/LABM CHABAWO JAICAWTA/PAMJAWO VESSEL VOY SIN BKK LCH VESSEL V6Y SIN JKT PJN XETMA BHUM 220N8 In W~ 30/11 MATHU BHUM 3628 In Pt 29/11~ ANANBHUM 86N 28/11 03/12 MATHU BHUM ***** 28/11 29/11 ANAN BHUM 86NB 29/11 03/12 DANU BHUM* 0168 29/11 02/12 YANTKA BHUM** 216N 30/11 03/12 02/12
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    • 688 36 POL INTERNATIONAL Mf fcriaHl Ma Ma Msd t laafe Hm4 Bey Mhp tome 4a pi* W MMkllM fa*** MX Caf^/Ma)» diiie ill mn. Hm* MM (fBMiMM WbaL JAAAITCKUTCI) SSI6S/WK SI ft an BE nV I fl/ii St lAM SB gHI BBC BP IBP KmVff I m Sal wfe B/li m
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    • 778 36 1 ACCORD A SHIPPING PTE LTD TH.: *****15 (40 Unas) FAX *****30 HMKUMG. (03) 34/100) B Wk DMECT ACCESS TIL S667SSS (IXPONT SOOKINO) HS* GUMMG (07) SSI 1577 *****34 (EXPOOT DOC), *****39 (IMPORT) MHAHC (04) S3! 1444 w.. w LMIL:HTTP://WWW.ACCO4ID.COM.SO WUUtU (11)040 0770 POKT ra SIN POtT 111 $IN POW
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  • Page 37 Advertisements
    • 416 37 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS BEMI-COMTAINEFMBEP SERVICE m VOY I PORt A OAM/B OAM H BURG BREMEN AHTWtFIT A.VESSEL 21/01 24/01 OMIT 27/01 TO AUSTRALIA FULL CONTAINER SERVICE VS. VOY m INI SYO MEL H6A AOL FRE NOl AMKR VStS 27/112*11 87/12 Ml IM2 I*l* 21/12 KASUGAI VMS
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    • 1077 37 ADVANCE CONTAINER LINES (PTE) LTD API 140 Cecil Street. #12-00, PIL Building, Singapore *****0 Li TEL: *****21. FAX *****19, TELEX RS ***** ACLPL —^CR NO. **********0E OPERATIONS: *****60 *****05 BAWOKOK, JAKARTA rn»T »irriinnlrrv ™tn hm SIIIIHftAVeM) AVTHOmTJ vksel VOY io VfSSfL VOY SIN BKK VOT ft! MARIN 009N 28/11 fn
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    • 890 37 VESSELS VOY SW I JED I PSO LEH HAM RTM THP ZEE V*J-E OE CAPELLA T23W 01/12 10/12 13/12 22/12 ZVI2 2V12 gtt 28/12 VILLE D'AQUARIUS U23W 09/12 18/12 21/12 MTtt 3(yi2 01/01 01/01 02/01 VILE OS TAURUS A23W 16/12 25/12 28/12 04/01 06/01 08/01 06/01 07/01 VHXE OS ANTARES
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  • Page 40 Advertisements
    • 57 40 WK V»W "I To retrieve more schedules, just follow these simple steps... Step J r lF he document 740-6000^^^^^^ tep be faxed mM Press "1" 4TTfcSelect the port SteoJl Step key in the four number /jf digit code Key in your Example: i—■—i fax number To NEW YORK (NYC) 2275
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  • Page 42 Advertisements
    • 375 42 OSINO EXPRESS SHIPPING J^\ 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI JIN FU 9756 2]/]J 26/y 30/11 GOOD WELL 9722 28/11 03/12 07/12 JINYU 9756 05/12 Q9/U 13/12 JIN
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    • 219 42 a■ MAC-HELS S'PflftE M'SIA I Carrier: MN CONTR LINES, INC I -I\r/V** J C/RNOMIOO67SOOOO6 SI6U: (064)*****9 MANILA: (632) *****61 w PENANG: (04) *****6 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT (21) *****07 MDN: (61) *****3 PUSAN USA/JAPAN MV "HYUNDAI BARON" V.309E MV "GLOBAL HORIZON" V.045E ETA
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    • 178 42 I S pore PKetangLoading For j ■hope 1 2/12 NarVßdcrx/Atw/Bmn/UK I SAM Ml FORTUNE 28/11 NwVßdm/AIWBmn/UK I Loads E7W Malaysia. Indonesia I 1 1 oa<jtng for ■cENTAURUS Hodeidah/Jeddah/Aqaba/Algena I ■GIORGOS Dubai/Bah rain/Damman/Kuw at I ■RAN FORTUNE Hodetdah/Jeddah/Aqaba/Egypt/Tripoh I ■xi HAI Acten/Hodeidah/Jeddah/Aqaba/Egypt I ■AKARTHOS Dubai/A. Dhatx/Bahrain/Damman/Kuwait I J 'Loads Singapore. EVW.
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  • Page 43 Miscellaneous
    • 138 43 100t j 1 105 LEGEND: R Thunderstorm Temperature c A TJ Shower Weother Wind direction with speed in knot* Rom \^J Cloudy Sky Wowe he, 9 h Surfoce wind* ore indKOted by or row, which fly with the wind Qy One full circle represents colm or light ond variable winds
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  • Page 44 Advertisements
    • 78 44 REQUIRE VESSELS FOR PURCHASE /CHARTER We require three fittings following general specifications Vessels 1 Vessels 2 Vessels 3 1.0.A > 35 m > 35 m 30 m Engines Screws Two BHP (Total) 1500 1000 600-1000 Bow Thruster Min. 1 ton Required Required Age < 15 years Any < 20 years
      78 words