The Business Times, 2 December 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85t SINGAPORE Internet http://www.asial.com.sg/biztimes TUESDAY, DECEMBER 2,1997
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  • 55 1 fjHB U HH» (+33.60) yv IT-SB U Niar+is) PI BTOO*P Ul3MJfi(+2.o4) U 55??+7.37) q aaaramk STOCK MIKIKT INDICES SOOMP 3 I?Jf?Ji—+17LIS HAM) SENO k samaa wsn -7ji E JAKARTA COUP Jt&tt AM f MANILA COUP —1.777JM TAIPHWP1 7,*****—-SUM SHXJLCOMP MlH -I4.79 CUiA CHINA B—ljMUS -717 I AUSTALLORD —*****
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  • 61 1 USS 81 on -—tm I UM IflM DM IMS MB YHV1W 1.771 U44 mm mm HKS M» Mi* RAHT MM MM RSJP1AH IM 1 MS7 Mil I. PWME BATES 8WQATOW AM KUALA LUMPUR 9M JAKARTA 1SJ* IAMMBDK 1SJI MANILA OH HONGKONG Ml tWPB IN SYDNEY IlM TOKYO SJt 880UL
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  • 632 1  -  Cot bringi prices for remaining 196 condo units down to $520 psf from $505 psf By] Diana Oon [SINGAPORE] In what is the first outright price cut since the property market downturn started almost 18 months ago, First Capital Corporation yesterday
    FILE PHOTO  -  632 words
  • 102 1 AFP [NEW YORK] Blue-chip stocks soared in mid-day trading here yesterday, buoyed by rising markets in Hongkong and Tokyo. The Dow Jones Industrial Average was up 123.09 points to 7,946.22 at noon EST. On the bond market, the average yield on the bellwether 30-year
    AFP  -  102 words
  • 246 1  -  It will be first fnDy-antomated transit system in Asia By< Christopher Tan [SINGAPORE] The MRT North-East Line (NEL), which is to run completely below ground, will feature driverless trains the first such mass transit system in Asia. BT understands that the decision to adopt
    246 words
  • 543 1  -  By\ Siow Li Sen [SINGAPORE] All local banks, except Overseas Union Bank (OUB), are raising their prime lending rates by half a percentage point from today, following DBS Bank's increase last Friday. Both OCBC Bank and United Overseas Bank (UOB) will
    543 words
  • 664 1  - Asean emergency fund is not off the ground yet Ministers agree to idea but whether it will actnally be set up remains to be seen From* Catherine Ong in Kuala Lumpur ASEAN flifence ministers yesterday agreed to the concept of a standby fund to help embattled South-east Asian countries which
    664 words
  • Page 1 Advertisements
    • 101 1 ■iidb Taiwan's slock market index plunged 5% yesterday in reaction to the ruling Kuomintang's crushing defeat by the Opposition in local elections over the weekend, Pf 10 > &|l|rJ SkUntOiaßee w Five liners, including Hongkong's CXXL, have agreed to form a new alliance serving the main 4 East-West markets, Shipping
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    • 55 1 More reports on Asean Finance Ministers' Meeting, Pg 6 r '>•"* 5* t r v 1 V--*;' v I r% V i ALFRED DUNHILL LONDON The New AD 2000 Caiion Fibre Fountain Pen f AVAILABLE ONLY AT ALFRED DUNHILL SHOPS IN RAFFLES HOTEL ARCADE. THE PARAGON, NGEE ANN CITY, SOGO
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  • SINGAPORE AT HOME & ABROAD
    • 549 2  -  Bqp, CUnoiMrie, Branmgans will also pin hotel's upgrade to Grand Hyatt By Jenny Lam THE popular Nutmegs and Ruyi restaurants and nightspots Chinoiserie and Brannigans will be closing soon for good as part of a $15 million revamp to reposition the Hyatt Regency
      CHRIS LOH  -  549 words
    • 397 2  -  By Teh Hooi Ling COMMUNICATIONS Minister Mah Bow Tan yesterday called on Asia to participate in shaping and defining policy and regulatory fi*amework for the global information society. That's one way Asia can get itself counted in the emerging global
      397 words
    • 362 2  -  EYE ON THE ECONOMY GDP By Audrey Tan MERRILL Lynch has cut its 1998 Singapore economic growth forecast to 4.1 per cent as it expects the full impact of the regional financial turmoil to be felt next year. The US investment bank's estimate, revised
      Source:  -  362 words
    • 402 2  -  Regional currencies account for one third of the bank's trade By\ Conrad Raj THE recent regional currency crisis may have wreaked havoc and caused many a company to run into financial difficulties, but foreign exchange traders at Citibank here are literally laughing all the
      CHRIS LOU  -  402 words
  • Page 2 Advertisements
    • 196 2 "■S STAY WITHIN SIGHT OF SINGAPORE'S BUSINESSES, WITHOUT OUT-OF-SIGHT BUSINESS EXPENSES. kj wmmm mn !^£^KK'arH jS, j li£ 3t& iMMM?: Sc^l *j|j 0 Now, when you stay at Merchant Court Hotel, What's more, you can enjoy a host of privileges, you II enjoy the convenience of being just minutes Express
      196 words
    • 30 2 What the prime rate hike spells, Pg 4 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call CA.T.B. at 1800-737-1166 for this free service. Another CtaaaMod Servto*
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  • Page 3 Advertisements
    • 432 3 l^ sss 1884 CH^NOLJNER Typical of Chronoliner chronographs, the Th* n rider-tab bezel was designed in the early 1980s Dressurizpd anH 1 v w 3 rev( utlo J ar y when Breitling developed the Frecce Tricolori kevlar and nsil :)l ca P mac *e of flying team's new Chronomat wrist
      432 words

  • FOCUS: PROPERTY
    • 687 4  -  TKB PROPERTY COLUMN Higher rates to come for HDBtoara leading to lo« of at least SlTllm in By Lee Han Shih FOR the few hundred thousand families who own Housing and Development Board flats, DBS Bank must seem the one to blame. These families
      687 words
    • 633 4  -  Strong interest to acquire quality hotels is prime areas weak Thai economy i it,, Frances Lui SINGAPORE investors, including several listed companies,. |ire capitalising on the weakened Thai economy by acquiring high-end hotel properties there. Anthony Carp, a director of hotel broking firm JLW Transact,
      FILE PHOTO  -  633 words
    • 156 4 CLUNY Court a refurbished conservation property in Bukit Timah which was put up for en bloc sale last month, will now be sold by tender instead. The tender invitee bids for both an en bloc sale and for the sale of individual units. Marketing
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  • Page 4 Advertisements
    • 415 4 OFFICE SPACE INVESTMENT OPPORTUNITY Disillusioned with regional investments? Put your trust in a stable Sing Sinvestment in prime strata title office space in Suntec City. Official forecast is for continued strong demand for office space from relocating Regional HQs. Yields up to 4% per annum on your investment. Strata areas
      415 words
    • 49 4 No. 152 Jaion Besar fei Bnmd New 6-rtoret CommerdaJ Bufldtng Tenure Freehold Built-in (GFA) 10,676 aq ft Excellent road frontage Near to Food Court and Market Muhi-ftorey carpark just behind 5 mini drive to CBD m+mmm*m CMagdMrflMv: UP* W7(M—)«4Jty For viewing and tender document pleaae contact Sole Marketing Agent
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    • 197 4 10... lISIIESS AFFECT.CIAIIE. I 01 lIES CHANCE AFFECT IISIIESS?. 1 HE Itl'T KI«V, lIT HE'IE FIETTTSIIE. I Til 1 1E H11K11( TIES HEEKEII. 1 lIfII I I I Software offers an easy-to-use line client/server and Internet k enabled applications MS for lacaa Financial Materials and Process Manufacturing. I our consulting
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    • 25 4 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
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  • Page 5 Advertisements
    • 149 5 f lp'' JAm *Mfc» A isfc#' JHjH ljM I Porsche works hard to build the world's finest sports close partners. We work in each other's research centers, we're V cars, and they want people to keep them that way. together at the track, and Mobil's name now appears in a
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  • MARKETS IN TURMOIL
    • 491 6 [SINGAPORE] The Thai baht and the Malaysian ringgit fell to new lows against the US dollar yesterday on fears of currency trading curbs and Callout from an Opec agreement to raise oil production ceilings, dealers and analysts said. The ringgit,
      491 words
    • 247 6 Bernama [KUALA LUMPUR] Prime Minister Mahathir Mohamad said last night the uppermost objective of the proposed National Economic Action Council (NEAC) is to determine Malaysia's recovery from current setbacks affecting the ringgit and the local share market. The NEAC, to be
      Bernama  -  247 words
    • 487 6  -  Stocks in fratbll altar grat retracts •arte•fan accord By, Jennifer Veale in Seoul SOUTH Korea and the International Monetary Fund (IMF) resumed talks late yesterday to set terms for rescue loans after an initial agreement failed to make
      487 words
    • 400 6  -  ASBAX FDIAIVQB MXMISTERS'MEETUra lrsUnPM also calls for more transparency in currency trading Pronv Catherine Ong in Kuala Lumpur MALAYSIA'S Prime Minister Mahathir Mohamad yesterday called for the World Trade Organisation (WTO) to formulate regulations to curb the excesses
      REUTERS  -  400 words
    • 417 6 MALAYSIA said yesterday it was not seeking help from the International Monetary Fund (IMF) but the fund's managing director Michel Camdessus said he wouldn't rule out any future approach from Kuala Lumpur. "Everything cant be foreseen, and including (what) Prime
      417 words
    • 446 6  -  Byl Bruce Cheesman in Taipei TAIWAN, given short shrift by Apec in a proposal to set up a bailout fund for South-east Asia, hopes to find a more sympathetic hearing from Asean. The government has made it clear that Taipei, desperate for
      446 words
    • 293 6 Dealers aee unit touching 40 per US dollar floeo Reuters [BOMBAY] The Indian rupee nervously passed the 39 against the US dollar mark yesterday as currency dealers waited for the central bank defence that never came, dealers said. The rupee closed at
      Reuters  -  293 words
    • 171 6 AFP [KUALA LUMPUR] Hongkong Financial Secretary Donald Tsang said yesterday that the United States and Europe should take part in regional financing arrangements for Asia which would supplement IMF resources. "We are all in the same boat," he told AFP on
      AFP  -  171 words
    • 635 6  -  Govt pledges to protect depositors in svhji fifiifff vfiMt itnntHn' From Anthony Rowley in Tokyo TOKYO'S Nikkei 225 stock average climbed back above 17,000 yesterday after it became clear that die use of public money to support the nation's
      REUTERS  -  635 words
  • Page 6 Advertisements

  • SOUTH-EAST ASIA
    • 527 7 BANGKOK Finance minister abroad, official says; govt tries te allay mass layoff fears AFP THAILAND'S financial authorities have delayed making a crucial decision on the fate of 58 suspended finance firms. Officials delayed the deadline for making the decision, key to Thailand's
      AFP  -  527 words
    • 324 7 MANILA Reuters THOUSANDS of Manila households went without water for half a day yesterday as the impact of the El Nino phenomenon struck the Philippine capital of 10 million people. As daily water rationing began in parts of Manila, director Leoncio
      Reuters  -  324 words
    • 467 7  -  KUALA LUMPUR Other countries may take longer to find By Eddie Toh MALAYSIA will take up to two years to recover from the property glut which has been further worsened by the currency and stockmarket turmoil, according to property consultancy DMC Brooke
      467 words
    • 320 9 JAKARTA AFP A LEADING business figure has denied saying Indonesia should use standby loans from Singapore to bail out large private companies in the current economic crisis, reports said yesterday. The head of the Indonesian Chamber of Commerce (Kadin) retracted an
      AFP  -  320 words
    • 195 9 BANGKOK AFP THAI Premier Chuan Leekpai yesterday presided over the opening of an intellectual property rights court designed to clamp down on copyright violations in the country. He said the new court shows that Thailand once notorious as a centre of forgeries of consumer
      AFP  -  195 words
  • Page 7 Advertisements
    • 89 7 PRIME OFFICE SPACE FOR LEASE CONSIDER LOCATING 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
      89 words
    • 344 7 '< >;?v V* Our Workstations' only, competitor takes nine months to H n IITTAI* vlt/11 V "I presenting the world's most advanced workstations, _Jm excluding the human brain ML 1 Bk I K Bk I 9 A 9 wL m Bill JH '"«.y 9 r i V H v' het
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  • Page 9 Advertisements
    • 58 9 <£9 Christofle Paris (i I I Filet desk clock Ss3o9 with GST PaviNon Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore 581 Orchard Road, Singapore *****3. Tel 733 7257. Eapace Christofle: Robinsons 176 Orchard Road, Lerel 4, Centrepoint, Singapore *****3. Takashinuys Singapore Level 2, m Orchard Road, Singapore *****3. Tanga
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    • 29 9 **ili r~q rjJ' l|B| fill* hiMois hH> til cooKct! for people it! fli«" fop o| ificir profession JT oi!*! v. oi\ c o tlii/1»i will cook O»' I! > 4
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  • CHINA-HONGKONG-TAIWAN
    • 430 10  -  TAIPEI Shares dumped on fears ruling party wfll not move to support market: analysts Bruce Cheesman TAIWAN'S stock market index plunged 5 per cent yesterday in reaction to the ruling Kuomintang's (KMT) crushing defeat by the Opposition in 1 ocal
      Source: Bloomberg; AFP  -  430 words
    • 424 10 WASHINGTON Strong links between economic, political freedom and wealth, concludes US study AFP HONGKONG'S low taxes, minimal trade barriers and limited government regulation make it the world's freest economy, a Washington-based research group said in a study yesterday. Hongkong was top of
      AFP  -  424 words
    • 177 10 BEIJING Reuters BEIJING has raised the prices for tap water and sewage treatment to try to curb waste amid a regional dry spell, the official Xinhua news agency said yesterday. The hikes, which took effect from yesterday, raised the price of water for private
      Reuters  -  177 words
    • 455 10 MEXICO CITY Agreements to be signed covering technology, culture And agriculture AFP CHINESE President Jiang Zemin's visit here appears aimed at persuading Mexico that Beijing deserves to join the United States and Canada as a heavyweight trading partner, analysts say. Mr Jiang's arrival
      AFP  -  455 words
  • Page 10 Advertisements
    • 367 10 I A WEEKLY SUMMARY OF I HOME NEWS I AT YOUR FINGERTIPS I H n > ®j| m <> if I 11 r The Strait* Tknes Weekiy Editionbrings you a crap summary of iS| 8 n the week'smajorhappenings tnSingapore and si the Asean region. B Cowering k*» from social issues,
      367 words
    • 214 10 (T L H IJ f you want to make a great start to your business day in Tokyo, our Orchid Room provides the perfect location. You will "I your place among the recognized leaders of Tokyo, indeed ft the world who know the Orchid Room provides the perfect stan to
      214 words

  • ASIA
    • 692 11  -  NEW DELHI President may make mm if contenders to form grot cant master majority in parliament By Rajendra Bajpai INDIA looks headed for a midterm election within the next few months although two of the country's largest political parties claim they can provide a
      AFP  -  692 words
    • 285 11 SYDNEY Bridge News THE Australian economy is growing strongly and "well on its way to recovery", but the economic meltdown in Asia could undermine the improvement, the Australian Chambar of Commerce and Industry (ACCI) said in its survey of business expectations in the
      Bridge News  -  285 words
    • 294 11 NEW DELHI It's protected from competition, industry ministry sources say AFP THE Indian government's long-running war of words with Japan's Suzuki Motor Corp flared up again yesterday as New Delhi claimed it was responsible for the success of their joint venture, the Press
      AFP  -  294 words
    • 341 11 SEOUL AFP LAWSUITS started flying yesterday as South Korea's presidential campaign heated up ahead of the Dec 18 polls. The first shot fh what was shaping up as tangled web of accusations Involving the local press, was fired by a masscirculation
      AFP  -  341 words
  • Page 11 Advertisements

  • Page 12 Advertisements
    • 189 12 I > C The resource of the future is not land nor money. It's information. Through its 13 overseas offices, the NTT Group has been actively With global businesses and nations hungry for information that is timely, promoting Global System Bi^Bßi^HHl reliable and instantly available, Singapore can position itself as
      189 words

  • THE WORLD
    • 524 13 BRUSSELS But some progress seen in proposals aft ending harmful tax competition Reuters EUROPEAN Union finance ntixiisters failed to make headway yesterday in efforts to faftak a deadlock over postEMU policy issues but appeared close to agreeing on a (pound-breaking small step towards
      Reuters  -  524 words
    • 214 13 AFP SpUTH Korean industrial Opop Samsung said yesterday tMt it had shelved plans for a £450 million (Ssl.2 billion) investment in Britain. f But at the same time, it stressed that production increasingly be conducted outside South Korea. Given the financial turmoil at home,
      AFP  -  214 words
    • WORLD Watch
      • 64 13 Reuters 2, [UNITED NATIONS] Secretary-General Kofi Annan yesterday recommended increasing the amount of oil Iraq is allowed to sell every six months under a ON > "oil-for-fbod" scheme but proposed no specific figure. Mr j Annan said the change would be necessary "given the
        Reuters  -  64 words
      • 88 13 AFP {BRUSSELS} Nato military chiefs met yesterday in a Wdto reach accord on a streamlined conamaad tincture f considered crucial ifNato is to meet new security challenges. But agreement appeared compromised by a V row between Greece and Turkey over control of airspace and an
        AFP  -  88 words
      • 96 13 AFP V fLONDON] The US will not take on binding obligations at the Kyoto conferenceon global warming without the meaningful participation of developing countries, US I Secretary of State Madeleine Albright said yesterday. Writing in the Financial Times as the conference opened In Japan, she argued
        AFP  -  96 words
      • 74 13 Reuters [LONDON] The British government yesterday confirmed it had no plans to bail out Britain's biggest coal producer, 3$ RJB Mining, which is threatening to close eight pits because of a fell-off in demand. News of the government's tough stance, despite growing pressure smocg
        Reuters  -  74 words
    • 278 13 ISLAMABAD AFP PAKISTAN'S senior judges failed to'resolve t? split over ue status of the country's chief justice and contempt charges against Prime Minister Nawaz Sharif, court officials said. The judges held talks at the heavily guarded Supreme Court building, as the
      AFP  -  278 words
    • 159 13 ■LONDON AFP THE late Gianni Versace's fashion empire yesterday accepted substantial undisclosed libel damages over British newspaper allegations that the company was involved with the Mafia. The action followed articles in The Observer and The Independent newspapers in July shortly after the 50-year-old designer was
      AFP  -  159 words
    • 62 13 [MEXICO CITY] A woman giggling as she holds a giant condom over a man during an Aids awareness event held in Mexico City on Friday. The use of condoms is still a taboo subject in Mexico and has led to a fierce debate between
      REUTERS  -  62 words
    • 366 13 FRANKFURT Purchasing Managers' Index confirms economy's on road to recovery Reuters GERMAN manufacturing activity grew for the 15th consecutive month in November, a poll showed on Monday, confirming signs that the economy is on the road to recovery. In the largest monthly expansion since
      Reuters  -  366 words
    • 230 13 MOSCOW Reuters THE IMF may grant Russia its next tranche from its three? year US$lO billion (Ssl6 bil-. lion) loan this month, Russian central bank first deputy.« chairman Sergei Aleksashenko said yesterday after meet- ing IMF officials last week. 1 He told Reuters
      Reuters  -  230 words
    • 399 13 BERNE Swiss study claims to be first to track flow of Nazi gold Reuters NAZI Germany took US$l46 million in gold from Holocaust victims and other individuals, according to a Swiss study released yesterday that claims to be the first to track the flow
      Reuters  -  399 words
    • 229 13 LONDON Reuters GROWTH in Britain's manufacturing sector hit a sevenmonth high in November, the latest Purchasing Managers Index from the Chartered Institute of Purchasing and Supply (Cips) showed yesterday. Buoyant domestic demand boosted order books but the strength of the pound up nearly 25 per cent
      Reuters  -  229 words
  • Page 13 Advertisements
    • 378 13 PACIFIC CAN INVESTMENT HOLDINGS LTD 2 December 1997 To: All Loan Stockholders Deer Sir/Madam $20,834,886 2 1 2 UNSECURED LOAN STOCK DUE 1999 ("LOAN STOCK 1999") CLOSURE OF REGISTER OF LOAN STOCKHOLDERS Pursuant to the terms of issue of the $20,834,886 27»% Unsecured Loan Stock due 1999 ("Loan Stock 1999"),
      378 words

  • EDITORIAL & OPINION
    • 769 14  -  THE BOTTOM LOVE OPINION By Leon Hadar The writer is BT's Washington correspondent THE anti-climatic conclusion of the US-Iraq confrontation has left the media pundits and the foreign policy wonks in Washington, with a ''post-crisis depression". For about 10 days, since President Saddam Hussein
      769 words
    • 113 14 The mob has never seen a market they didn't like to manipulate.' Jamee KaDstrem FBI chief in New York after 19people were indicted in a stock-manipulation case that illustrates the influence of organised crime on Wall Street. 'We've seen the future and we hate it' William Newman
      113 words
    • 655 14 EDITORIAL OVER the past three decades the South Korean economy routinely doubled in size every eight years, courtesy of a growth rate that averaged around 8.6 per cent a year. It was enough to erase all evidence of a three-year civil war which had left the peninsula
      655 words
    • 1110 14  -  Analysts feel that while the Indian economy is sound, a rupee devaluation cannot be ruled out By Aruna Srinivasan The writer is a Nem Delhi-based journalist who contributed this article to BT THE Indian rupee has come under severe pressure in recent weeks and while
      REUTERS  -  1,110 words
    • 789 14 HUfe state in Kyoto THE idea of regulating the world's climate would, until recently, have been thought madness, or at least impious folly. Modern technology has changed this. But the representatives of 150 countries gathering in Kyoto today should remember, as they squabble about details, the
      789 words
  • Page 14 Miscellaneous
    • 42 14 DOOMESBPRY By Garry Trudeau OH, I'M SCR- NOT AT ALL, OUCH! XNG&* FSCEn£& J 6IRL- \6fNNYf\TOOUSnC2\ FY.A&YOU &NNY. MOPY IJISAILY PCMNAT7NGTHZCON- W\ USUALLY JOAN QRL !1 I j WEND. /v-xr-A SOUTUX-} INTHZMmS BUT I'M VBKSATW >OU SHOULD s f%CM*/A n THflTtlhe p
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  • Page 15 Advertisements
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    • 178 15 *—i j I I what's am ia (fati In't win H it Uiiif Cliuiflri Alt mtki tJ. Smajpa/ V,- I^l SUPPER TIME AT I rv our sumptuous TAIWANESE PORRIDGE 10.00pm 3.00 am ilaih I til tilling .i i.i i.irk' iikiiii <»| .irttrti I .tin .iiicsc itishi's i oiih >. M
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    • 193 15 m Spices of Sichuan jjj From 3-14 December 1997. y savour cuisine from this province specially prepared by two specialty chefs from Lai Lai Sheraton. Taipei. loin us as we bring you the best in Sichuan Cuisine served in the exquisite setting of Pine Court Chinese Restaurant reminiscent of the
      193 words
  • Page 15 Miscellaneous
    • 794 15 TV&BADIO i' 2 BJO Shiver Dreams of Ev- 130 Sangamam (r). 1 PM TV Innovations. eryday Housewife. 100 Nehtru Indru Naalai. m. w w 6rs 8-30 Gulliver's Travels. SM Swarabushani. aao Hoi 6 To^u?2fJ UM Business Day Paramapadam (Drama) 3-30 How TO Succeed Inß usi 1108 Insights. 1M Thirai iCyanam.
      794 words
    • 151 15 CROSSWORD 20 m t Be 29 Throw out some French I I I I—l—llll W i ne /C\ 30 Straightening bandage (8) to priest- YEBTE»PArg mXAJTSOK 31CoLI«ct worshipper (6) 16 Wonderful turn-up in boring l^lßtyjj {s)mßs|ei9img t 1 Unable to Influence things, list of engagements (5) he's resigned (8) 18
      151 words

  • EXECUTIVE LIFESTYLE
    • 773 16  -  A firm hand on a tight plot draws out honest performances in Breastissues, says bsh mumboe BEN MUNROE SINGAPORE Repertory Theatre's latest production, Breastissues, tackles the difficult issue of breast cancer, not only as a problem for the four women in the script, but also as a
      773 words
    • 692 16  -  BOOKS Amuse yourself with The Simpsons, tickle your palate with The Essential Cookbook By i Christopher Lehmann-Haupt NYT SEERS say that not too long from now, what you now think of as a book will have become a paper thin, flexible, waterproof, lightweight, bright display
      NYT  -  692 words
  • Page 16 Advertisements
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      39 words

  • COMPANIES & MARKETS
    • 523 17  -  Carrier defers equity-raising plan, considers ether options By. Meera Tharmaratnam in Kuala Lumpur MALAYSIAN Airline System Bhd (MAS) may be flying troubled skies as it weighs the purchase of 25 new Boeings against funding needs, but analysts say it is looking into
      523 words
    • 355 17  -  Currency crisis has raised cost of fnnding, eroded credit quality Lee Han Shih [SINGAPORE] ST Capital, which last Friday announced foreign exchange losses of up to US$l9.5 million (5531.1 millionfc is waiting for the regional economies to turn around before making more
      355 words
    • 94 17 Reuters [SINGAPORE] Datacraft Asia said yesterday it had won a US$l million (511.6 million) contract from Hutchison Telecommunications (Hong Kong) to build a public Asynchronous Transfer Mode (ATM) communications network. Datacraft said in a statement the network was expected to be operational during December. The
      Reuters  -  94 words
    • 853 17  -  HOCK LOCK SIEW David Boey HISfIVTH regional econoteeming with bad news, one could quite f reasonably expect comr panies with heavy exposure in the region to play their cards doee to their chests and not draw undue attention to their
      853 words
    • 249 17  -  By^ Conrad Raj [SINGAPORE] The share price of specialist contractor L&M Group Investments rose sharply yesterday on news that it was being pursued by architect and businessman Albert Hong. The counter, which is currently controlled by an Indonesian consortium led by President
      Source: Bloomberg  -  249 words
    • 209 17  -  Deals cover part of office property and 60 apartment nnits By, Jenny Lam [SINGAPORE] Mainboardlisted Cosco Investment Singapore Is buying two properties in Shanghai for a total of US$25.B million (5541.2 million). Wholly-owned subsidiary Calzona Pte Ltd has signed a deal to purchase
      209 words
    • 223 17 [SINGAPORE] Sesdaq-listed IMM Multi-Enterprise (IME) yesterday posted a 74 per cent drop in interim net profit to $110,000 from $423,000 in the same period iast year. But provisions for extraordinary items took the retail group's bottomline to a loss of $3.8 million,
      223 words
    • REGIONAL COMPANIES
      • 644 18 At least 12 small brokerage firms are in deep trouble, say traders Bloomberg [KUALA LUMPUR] For more than a decade, Nik Mohammed Din, chief executive officer of the Kuala Lumpur Stock Exchange, watched with pride as the Malaysian "li stock market expanded to
        Bloomberg; FILE PHOTO  -  644 words
      • 502 18 Battered baht, sharp downturn in Thai travellers blamed AFP [BANGKOK] Thai Airways International pic said yesterday its profits dropped by 18.3 per cent in the first nine months of 1997 to 2.76 billion baht (*****.3 million) as the country's currency plunged. Thailand's
        AFP  -  502 words
      • 289 18 NST [KUALA LUMPUR] Berjaya Singer Bhd will now see Desa Pachi as its new owner in a proposal somewhat similar to the aborted deal involving Maju Holdings Sdn Bhd. In a statement on Saturday, Berjaya Group Bhd said it was selling its entire
        NST  -  289 words
      • 187 18 AFP [KUALA LUMPUR] Malaysia's financial crisis is slowing down sales of the national car, the Proton, reports said. "We are beginning to see some signs of the (car) market softening," Wira Mohd Saleh Sulong, executive chairman of auto maker DRB-Hicom, told The Star
        AFP  -  187 words
      • 154 18 AFP [HONGKONGJ A cash-only bumper clearance sale at the bankrupt Japanese-owned Yaohan department chain stores here raised HK$2O million (554.13 million), it was reported yesterday. Police had to be called in to maintain order as more than 130,000 shoppers jostled to buy half-price
        AFP  -  154 words
      • 105 18 AFX-Asia [BANGKOK] Finance One pic said its creditors' plan, one of two supplements submitted to the Thai Financial Restructuring Authority, has been approved in principle at a meeting of senior creditors. The other supplement consisted of a proposal by Credit Suisse First Boston.
        AFX-Asia  -  105 words
      • 350 18  -  It will pay 37.5 m pesos for 60% stake in Eeppel unit From, Al Labita in Manila SINGAPORE'S Tat Hong International Pte Ltd has tied up with a listed flagship of the Keppel group to pave the way for its entry into the
        350 words
      • 255 18 Reuters [HONGKONG] Peregrine Investments Holdings Ltd chairman Philip Tose said yesterday he expected the investment bank to be profitable in the current year, despite the impact of market turmoil in Asia and an exceptional charge for layoffs. "Clearly we had a very good
        Reuters  -  255 words
      • COMPANY Briefs
        • 114 18 [SINGAPORE] The Stock Exchange of Singapore hat appointed these non-stockbroking members to its committee: Chua Kim Yeow, a director of Marina Centre Holdings; Arfat Selvam, partner of Arfat Selvam fc Gunaaingham; Shehzad Naqvi, country corporate officer, Citibank Singapore; Law Song Keng, managing director of Overaeae Aeeurance
          114 words
        • 77 18 Reuters [SINGAPORE] Nat Steel Ltd said yesterday its subsidiary Nat Steel Chemicals Ltd had sold its entire 50 per cent stake in poly bag-maker Juraya Enterprise Pte Ltd to Maya Manufacturing A Trading PteLtd, which held the remaining stake. Juraya would cease to be
          Reuters  -  77 words
        • 83 18 AFX-Asia [KUALA LUMPUR] Lion Corp Bhd will list its China companies on the Hongkong and Shanghai stock exchangee to raise funds for their expansion in China, "'i Malaysia's Business Times quoted chairman William Cheng as saying. The company is currently in discussions with merchant
          AFX-Asia  -  83 words
        • 57 18 AFX-Asia [KUALA LUMPUR) Olympia Industries Bhd said Its unit LC (B VI) Ltd, has decided not to proceed with its proposed resort venture in Secunda, South Africa, in view of the weaker ringgitLC(BVD will also not participate in the subscription of one-third new shares
          AFX-Asia  -  57 words
        • 62 18 AFX-Asia [KUALA LUMPUR] Renong Bhd Mid its prospects for the year to June lflflft rmalw m rhalioH^m economic scenario. "For the foreseeable future, Renong will continue to be s front-runner for many other projects in Malaysia that are still on the drawing board," executive chairman
          AFX-Asia  -  62 words
      • 369 19 MibigivMip after ft prices itself •at «f market; Stay still sticking it tot NYT [NEW YORK] Two Japanese electronics giants, Sony and Toshiba, have found their early efforts in the US market fixhome computers to be a hum bling experience. Their entry
        NYT  -  369 words
      • 111 19 Reuters [SINGAPORE] Compaq Computer Corp said yesterday it was cutting prices across its range of Armada brand notebook computers in the Asia Pacific. It said in a statement price reductions, which would place with immediate effect, were up to 34 per cent "The new pricing scheme...
        Reuters  -  111 words
      • 220 19 Bloomberg [TOKYO] Citibank NA said last week its Japanese branches Just had a recordbreaking week as customers (locked to open accounts after the collapse of some of Japan's htm ill financial institutions. Business at Citibank tranches tore surged after Yamaichi Securities Co, Japan's fourth
        Bloomberg  -  220 words
      • 232 19 AFP [TOKYO] Yamaichi Information Systems Co Ltd, a unit of Japan's collapsed Yamaichi Securities Co Ltd, said yesterday all its 588 employees would be hired by Electronic Data Systems Corp (EDS) of tfwt United SM** The move will signal the beginning of
        AFP  -  232 words
      • 144 19 Reuters (TOKYO] Nippon Steel Corp said yesterday that it has invested three billion yen (5537.3 million) in the Japanese unit of computer software firm Oracle Corp. It said a Nippon Steel official would become vice-presi- dent of the Oracle unit. The move
        Reuters  -  144 words
      • 236 19 Reuters (SYDNEY] A private group headed by former TNT Ltd chief executive David Mortimer has made a bid to buy Australia's wool stockpile in a move designed to list a All billion (SSI.OB billion) group on the Australian Stock Exchange. The Australian Wool Group
        Reuters  -  236 words
    • FINANCE & COMMODITIES
      • 394 20  -  Its Personal Asset Manager plan will inclnde intl unit trusts from next year By I Shiv Taneja [SINGAPORE] DBS Asset Management (DBSAM) will include funds managed by international investment managers in its Personal Asset Manager (PAM) product from next year. Launched this August,
        394 words
      • 389 20 They predict plans for global tie-ap will create 50,000 jobs in Europe by 2003 FT [LONDON] Price Waterhouse and Coopers Lybrand partners have "overwhelmingly" backed their global merger proposals and predict that if regulators agree to their plans, 50,000 jobs will be created in Europe
        FT  -  389 words
      • 164 20 AFP [PARIS] France's state-con-trolled GAN insurance group accumulated losses of 50 billion francs (5513.5 billion) between 1991 and 1996, the mass circulation dally Aujourd'hul en France reported yesterday. Property deals by the Union Industrielle de Credit subsidiary accounted for some 40 billion francs of
        AFP  -  164 words
      • 358 20  -  Asian bourses bottoming but limited upside seen By\ Shiv Taneja [SINGAPORE] Asian stock markets may be near their bottom, but the upside is also limited for the foreseeable future, said executive director of DBS Asset Management (DttSAM) Ronnie Teo, making a case for
        358 words
      • 326 20 Salomon to cot risk it takes ii trading derivatives 'substantially' Bloomberg [NEW YORK] Travelers Group said it has completed its US$9.3 billion (5114.8 billion) acquisition of Salomon, the largest purchase of a securities firm in the US. Travelers, an insurer and consumer finance company, is
        Bloomberg  -  326 words
      • 228 20 SUKBLReport Reuters [SINGAPORE] Simex Euroyen futures were pressured yesterday by a liquidity squeeze in Japan's money markets, intensifying losses in nearby months. The squeeze, caused by the selling of yen for dollars in the wake of tight liquidity, raises the cost of short-term borrowing to
        Reuters  -  228 words
      • 146 20  -  MBOITAIWAIV FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refoo Singapore Pte Ltd [SINGAPORE] The Slmex MSCI Taiwan Stock Index futures contract slipped yesterday as investors responded to the surprise victory of the opposition (DPP) over the ruling Kuomintang party. The cash index fell 396.6
        146 words
      • 249 20 ENERGY REPORT Reuters [LONDON] World oil prices feU sharply yesterday in a bearish reaction Opec's agreement to hike its production ceiling by 10 per cent North Sea Brent crude was down 65 cents at U5518.29 a barrel at 1037 GMT. Opec ministers
        Reuters  -  249 words
      • 284 20 Reuters THE US dollar traded within narrow margins at mid-day yesterday after having opened with a rise due to expectations of outflows of Japanese capital and to worries about the East European economies after a drop of the Czech crown. At 1310 GMT, the dollar was trading at
        Reuters  -  284 words
      • Article, Illustration
        318 20 DffnCiWCTOWiiWi V*. Dec f e. b&«»»»ssaa 2E» SSfiS «S iW S £S>£B .*S SS SS 2£ iU! >SS SS S3 SS SS iiS S8 SS MM WW l«T4 WlWUil UNirn UK W W Ut Ml W W W UB tS W W «S E SS SB IS i£ SS SS
        318 words
    • 512 21 nOOMrOTDMS I Mr 1 KjSSo S3 gg £H Tte Pma Crmtm fHiJIF mm mm "*«5__ wi $4.00 *Ki 55:7*2 55 i*g* M) 17&.0Q fTUXMI #SS3J«fi BUS H2S* S! mS mm g«£» «g Sg Mttatntt )(M() fetus nta Stan pmaociTALi D*ci NovVkjjL D*l£ ==r -is sssf UtfM SUV IMJtf
      512 words
    • 1618 21 •*1 Nw *h XGmc 90X400 15 A8 Ports 281.400 *400 AtoayNlMml 979 *41 MMD*MC| *****0 2.400 *■11 unci) Asda Group 09.400 .200 ■ATM 547.400 ****** KMC 203 undi MCC 182 -4 ■OCGraup ______*433/4 -1V4 MWrHwi 810 unci) 8TR 208 *2400 Bank*5cattand S***** S.400 hnlt)l 1449 IT Bass
      1,618 words
    • 1375 21 AFP ****** SHARE prices rallied yesterday as continued short covering in financial and property sectors spread to the broader market, brokers said. The 225-share Nikkei Average rose 371.33 points, or 2.2 per cent, to end the session at 17,007.59. The broader Topix Index was up 2222 points at 1,274.44.
      AFP  -  1,375 words
    • Article, Illustration
      1381 22 AFP PHMgSw< ♦mW HONGKONG share prices roee 2.1 per cent yesterday on optimism that the territory may have seen the worst of the recent financial crisis and on strong gains in the Tokyo stock market dealers and analysts said. "There seemed to be a revival of bullish sentiment of
      AFP  -  1,381 words
    • Article, Illustration
      531 22 AFP □aw*wßhi«i -LP THE Shenzhen B share market ended at a new 1997 closing low yesterday, pulled down by overseas institutional selling aimed at market giant Bengang Steel Plates. The B Index fell 1.11 points to 96.65 on turnover of HK$lB million. The previous 1997 closing low was 97.76
      AFP; Source:  -  531 words
    • 331 22 AFP DwPhig -3NJB STOCKS took a beating with a 5.1 per cent plunge yesterday as investors were disappointed over the surprise defeat of the ruling Kuomlntang (KMT) in weekend local elections. "Battered by overwhelming selling pressure, the market dropped sharply from the start of trading," said a trader. The
      AFP  -  331 words
    • 223 22 Reuters Q Wellington *3M SHARE prices ended on a slightly positive note yesterday as gains in forestry and Brierley Investments were partly offset by a fall in Telecom shares. By the close, the market was just 3.26 points higher at on improved turnover of NZ$B6.B million. Reuters i *t-
      Reuters  -  223 words
    • Article, Illustration
      728 22 AFP n«TMg -7JI SHARE prices declined 2 per cent in thin trading yesterday because of a drop in the value of the baht and prevailing worries about Thai financial Institutions, analysts said. The SET Index was off 7.91 points at 387.56. Turnover was 72.9 million shares worth 1.5 billion
      AFP  -  728 words
    • 359 22 AFP gcmnrmtthk* -14.70 SHARE prices plunged 3.6 per cent yesterday on concerns that negotiations with the IMF over a bailout package were stalled, dealers said. After a volatile day, the market fell towards the close to breach the 395-point level following news that Finance Minister l.tm Chans-yuel »nH IMF's
      AFP  -  359 words
    • 525 22 AFP HilMhito *483 SHARES closed higher yesterday as Improved Asian markets prompted investors to snap up blue chips, pushing the market to its highest close in almost three weeks. In a late surge, the All Ordinaries Index broke through the 2,500-point barrier for the first time since Nov 13,
      AFP  -  525 words
    • Article, Illustration
      637 22 AFP DO«p>gte Index -ZM SHARE prices slipped yesterday on growing concerns over the weakening rupiah and poor corporate results. "The market is very quiet The weak rupiah has forced foreign investors to move sideways," a broker said. "I think as long as the rupiah does not stabilise people will
      AFP  -  637 words
    • 266 22 AFP QlUnila ■*&!> SHARE prices rose in thin trading yesterday, as investors nibbled on blue chips. The PSE Composite Index rose 5.10 points to close at 1,777.04. Turnover was 1.96 billion shares worth 854.6 million pesos. Manila Electric Co A shares gained 1.50 pesos to close at 75 pesos
      AFP  -  266 words
    • KUALA LUMPUR STOCK MARKET
      • 206 23 AFX-Asia P Composite lain -16J9 SHARE prices closed sharply lower yesterday on concerns that the Kuala Lumpur Stock Exchange may impose trading restrictions on more brokerages after announcing such moves against Ave houses, brokers said. The KLSE Composite Index closed down 16.99 points
        AFX-Asia  -  206 words
      • 6755 23 »0T LMt Vd Day Nat Ca* "NO Uw Cliwt Sata -000 Hha L— */t I— *90 "2 1 127 U 7 232 227 12.6 92 0 £3 ."2 143 2 3S9 143 135 3-3 210.9 >45 Apaa*roo4HN 2M -1 M 272 2S9 7.8 10T4 745 141 SartaytUna 279 -2 151
        6,755 words
    • WARRANTS&OPTIONS
      • 190 24  -  WARRANT WATCH -By] R Sivanithy THE devastation created by the crash In the Kuala Lumpur stock market and the Malaysian ringgit means that several warrants which would previously be considered bargains are being shunned. Take for instance the case of Petronas Dagangan's
        190 words
      • 3082 24 y W07 Lm» Vat Day MMi Alt M* Lm Mm rnpi» Ua «ar- COOOI HHk Lm Ityv Mv Mm M n m 3000 aiMW0cS3%6202M W3d inch I IU NJ tU (M W MO *Acar«WW7SIUS$ W -13 103 173 S3 W 1*3 23 SIM AOMW*****4_ M 24 23 24 S3 M
        3,082 words
    • 1869 24 Or Or <9*7 Last Val Day LaatOaata Dk Mr TV Mat MC« t*» U» Ci if 111 hfc *h POOOt >9» lw 9rar 9a9w Cm P/» 9a9 479 72 at 5000 ASS SOc 72 cd -9 271 7S 72 72 7U U 33 13 29J 7X9 137 273
      1,869 words
    • STOCK EXCHANGE Of SINGAPORE
      • 596 25 a6 ss as s± as m sf#■« ft *S W«*mm 7.147 IfcM* 1*,4* ttM U44 J0 490 WWIrtlll ZJ74 1*7* LS41 yK MMm 434 434 |§4 264 9tv MM UN tun 1,239 1 Iff un tmm ri»M m,oso ovom x*M4 mjt 2 sow ■Iliijiw** •JMMOwjpi —tmik+4 m*tj Urn*** mtkmyi —>».
        596 words
      • 4651 25 or or mm IM7 Last Vd Day LastOuota CHV Hv n W Can Avg MH> Law StNa Campany M COOP) HH> Law 8«T*r Mtar CV P/l WJj Mo 157 33 >020 ACtOynamtcs*Oc 3U *2.5 227 M 33 M 3*3 2*9 3* MM AMHTUC 200 US- MS MS 1275
        4,651 words
      • 824 25 1997 if* y*. l4rt«MM M Mr W M Cm J!® u» ww> ciw>n» W» roooi mm t— —T4> urnm ew pn &p*m "J '5 £52 EL "L tM IS7 117 MO 14 4.0 0.1 1W.7 *0* MS *5 **V.ft 2*4 2045 IM »4 Ml MS B» U 04 IU
        824 words
      • 196 26 •)nM«tst BM 7,353,000 Stofld ttc 4.460,000 H 5>«9.000 PwPoc 20c.... 5,269,000 ta|n 10C 4.080,000 •MC# it99 3,907,000 MLa* USIOc 3,679,000 OCX Fortip 3,600,000 Umiiw Cory50c 3,544,000 8*Mtt7S20c 3,343,000 Stacks •CIC Fortip *****^72 SfafTtl 8c 19,945,007 Ml Fortip 14,506,690 SMForoip 12,994,710 Ml Fortip H.174.643 S* Fortip 11,062,620 WlMi USIOc 7,975,350 CfclilMTZSc
        196 words
      • 687 26  -  STOCK MARKET COMMENTARY News of ELSE'S curb on five brokerages puts paid to hopes of a rally on the strength of rises in Tokyo and Hongkong By R Sivanithy [SINGAPORE] The Straits Times Industrials Index benefited yesterday from a puzzlingly late spot of buying that
        687 words
      • Article, Illustration
        72 26  -  by Shiv Taneja ASIAN PAC closed 15 emus lower at U cents on a wtfwne Of 1.01 million shares yesterday, compared wtth its 10-day traded average of 1.95 million units. The stock Is trading near its P/»year low, and the daily and weekly RSI and stochastks are well
        72 words
      • ON THE GRAPEVINE
        • 165 26 SEEMS the turmoil in regtonalfinancial markets does not discriminate against foreigners. The Taiwan offics of Bank of America has incurred its first loss in 30 years, according to Taiwaneee newspapers. They recently reported that BoCA's operations there suffered pre-tax losses of some NTBSO million (SI
          165 words
        • 94 26 IN A happier position, however, is Deutsche Bank. The German bank has made record profit from Asian markets this year, and the profit couldn't have come at a better time— its 25th anniversary in Singapore. To mark the occasion, world renowned violinist Anne-Sophie Mutter is playing for
          94 words
        • 100 26 TIBS TAXIS, s unit of listed Tibs Holdings, launched its Mercedes-Benx fleet yesterday with what's currently the lowest rate for an sirport transfer. For $36, you can ride in an India-assembled diesel Merc to ChangL That's |1 end 96 cheaper than similar services offered by CltyCab (the
          100 words
        • 73 26 SIXTEEN hotel* in Pahang arm fairing the elements. They are guaranteeing their guests at least four hours of rain-free holiday and an air pollution index of lest than 50. If either or both conditions are not met, the hotels will throw in one nighfs free stay or
          73 words
        • 94 26 WHILE we're mi the subject, the Singapore Tourism Board yesterday confirmed that the base would be a major factor contributing to the expected zero growth in tourist arrivals to Singapore this year. But ifi nice to know that not all travellers were put off by the smog. One
          94 words
        • 81 26 UNITY NTUC Healthcare, the pharmacy shop, has given out discount coupons to its 4 shareholders. With the coupons, shareholder-customers are entitled to a 5 per cent discount. But there is a catch the discount does not apply to medicinal products, health and fitness equipment, gifts,
          81 words
  • Page 17 Advertisements
    • 207 17 %Mit tymtimu,} MMmJfam. You too can now be part of the selected few who have the opportunity to have their own wine in the prestigious society of Bordeaux. m LABEL Premiere offers you a unique selection of f personalised fine Bordeaux wines that carry your own L miiHßm name. Imagine
      207 words

  • Page 18 Advertisements
    • 40 18 f r~~ Singapore s one and only uck otel Negara An unforgettable dining experience of exciting duck dishes set against rustic beauty. Hotel Negara, 10 Claymore Road, Singapore *****0 Tel: 737 0811 (Hotel Negara is located beside Orchard Towers) ortx*Ki«rTMnuM<r
      40 words
    • 56 18 BpßWpn Time To Save "pallet i Cost!! w_ _a jfflji Take advantage of strong Singapore dollar, buy direct from us and enjoy better quality pallet for lower price. We are a reputed pallet manufacturer 'uffSli ln We promise consistent MM product quality, good delivery commitment and competive price. JPf-1 Please
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  • Page 19 Advertisements
    • 52 19 Parkway Parade 1,592.48 sf/3184.96 sf Parkway Parade ***** sf/1592.48 sf 1764.64 sf/2517.84 sf/ 3184.96 sf/4368.56 sf/5961.04 sf A-Z Building 1,701 sf 7,739 sf 174 Paya Leber Road Short term lease 14,477.58 sf O First Capital Property (A I rfHw»o»HrfCir»ii,a.BCwF) Tel: 437 6817/437 6853/534 3132 Fax: 532 6197 Mjp-ihwwu.fcc.com.pg EPOtec.oom.ag or
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    • 70 19 HOW 10 BE A BIG SENDER WITHOUT BEING A BIG SPENDER. t5 1 t i It's not the 25 kilos you can fit into a Value Box that's really amazing, it's the fact that you can send it guaranteed anywhere in the world from $150. For more information, call 1800-738-3388
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  • Page 22 Advertisements
    • 112 22 \wE3E FV-fl AW Bar 0 /is you would expect, every Montblanc is crafted to transcend time. #«WBr Meisterstuck Reserve de Marche 18K solid gold, in the finest tradition of Swiss craftsmanship. F THE ART OF WRITING YOUR LIFE JM^PgapjW ■ONTRLANC BOUTIQUES SINGAPORE: ISEE All CITY #11-J I, BAFFLES CITY #fl-S7A
      112 words


  • Page 24 Advertisements
    • 88 24 LONGINESggf CONQUEST VHP PERPECTUAL CALENDAR Very High Precision (20 times more precise than m jJL conventional quartz). Calendar date needs no adjustment 1/ l tor more than a century. Powered by latest generation Sthlum LmJI battery which lasts 10 yeara. End of Life (E.0.L.) indicator I MM Sapphire glass. Water-resistant
      88 words

  • Page 25 Advertisements
    • 49 25 Pw^ONGINES' yLtilr &v |AI la grande classique Extra-slim models, water-resistant mH M Quartz movements. Sapphire glasses L'elegance du temps depuis 1832 No: L 4635.2. Sok Dtotnbotor SMH S EA. (S) PTE LTD 4MA Aie»ndra Ro«d *05 0104 Aioandra "fcchnofwi S.ng.por» *****7 TU ***** M fmt. *****96 PhCC fl ,7Q/
      49 words

  • Page 26 Advertisements
    • 276 26 r- mmma^ BUSINESS \(tl ices lo ,id\rrlisr c;ill 1011-lri-r' INOO-741 INS.* IN THE MATTES OF THE COMPANIES ACT. CAP. K Am* PRECISION STAMPING (S) :*i PTE LTD (ii Members' Vabmtaiy Liquidation) to an Extraordinary General Meeting If Ike tkoveumed company duly aaavened and held al 30 Jalan Saltan •21-04 Jaian
      276 words
    • 42 26 Cant Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified, Home Needs Classifications 90 to 120. 4 CATS
      42 words
    • 76 26 I For ShorpeT/ Foster and Deeper I I analysis of the Business World. I I 1 Name (Mr/Mrs/Ms/Dr): 1 I Address: j I I Telephone No (H): I Profession: Age: i 1 I Tlx/Fax: I Ii i 8 Ma* to i Singapore Press Holding Limited Newspaper Services Division, Circulation Department,
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  • SHIPPING TIMES
    • 324 27 Bridge News, Reuters Reuters RATES for Panamaxes in the Far East remained at very low levels in a slow end to the week, brokers said. The Atlantic market has been more upbeat for Panamax owners, but in all it has been a difficult week. The Baltic Freight Index
      Bridge News, Reuters; Reuters  -  324 words
    • 234 27 ■BIN CWtoMriMlaa _0.90 io.io 20 CMiHw. 0.605 -002S 41 Cmn WrnrnSmm-0.7* undi 9 rraM* una C32 001 190 wifciaim o.3o 002 h IWk«H# am -OlOl 142 mf7wr»»— n it undi rr MCllll»|i —MKS^O jMlMIOipi Ql4S5 -0.025 40 Arm SMpyart 7 JO uncft 21 MppdCarp 5.45 *OOS 737 KappairCLS
      234 words
    • 381 27  -  Hapag-Lloyd, NTK, OOCL, P&O Nedlloyd and nSG join forces By George Joseph [SINGAPORE] Realignment and switching of partners in container shipping line groups took another turn yesterday with the announcement of the creation of another new major alliance. Five liners, including
      381 words
    • 464 27  -  It will charter handymax bulk carrier from Golden Aquarian Co By] Lu Ning [SINGAPORE] The main-board-listed Cosco Investment (S) Ltd announced yesterday that its wholly owned subsidiary Cosco (S) Pte Ltd has entered into a bareboat charterparty with Golden Aquarian Co of Liberia for
      464 words
    • 50 27 [COPENHAGEN] An unidentified man from the Danish fishing boat Peder Wessel is carried after he was rescued. Six people were feared dead on Sunday when a Danish fishing boat and a Norwegian tanker collided in heavy fog in the Oresund strait between Denmark and Sweden. REUTERS
      REUTERS  -  50 words
    • PORT Shots
      • 109 27 Anex-Antara (JAKARTA] The Transportation Ministry has revoked the licences of 14 shipping companies for failing to submit an annual report to the Directorate-General for Sea Besides, their ships no longer fly the Indonesian flag, breaching government regulations and the Transportation Minister's decree, the Directorate
        Anex-Antara  -  109 words
      • 98 27 AFX-Asia [SHANGHAI] Tientsin Marine Shipping Co Ltd said it has agreed to buy an 80 per cent stake in three shipping units from Tientsin Marine Shipping Group Co Ltd for US$6O million (5985.4 million). The sole assets of the shipping units, Top
        AFX-Asia  -  98 words
      • 116 27 Reuters [LONDON] British shipping group Peninsular and Oriental Steam Navigation Co said it had agreed to form a Joint venture with Italy's Gruppo Investimen t i Portuali SpA (GIF) to develop GlP'a terminal and intermodal businesses. Under the terms of the agreement,
        Reuters  -  116 words
    • 309 27 [SYDNEY] The Sydney Ports Corporation announced strong financial results with revenue increasing by 4.8 per cent for the 1995/96 year, because of strong shipping activity. Ship visits for the year were up 5 per cent on the previous 12 months.
      309 words
    • 223 27 Bernama [PETALJNG JAYA] Transport Minister Ling Liong Sik yesterday urged Malaysian exporters to utilise the facilities in Port Klang to help turn the country's main port into the world's fifth largest. "If we can bring back all the Malaysian cargo to Port
      Bernama  -  223 words
    • 922 28 IBUOH FOR ALTERNATIVE HEAVY-CARGO TRANSPORTER The German-led Cargo Lifter group plans to revive the airship as a heavy-freight carrier in a 240m-mark venture Bloomberg Cargolifter, a German-led group, said It taplanningto stir up the heavy freight transportation business by bringint back the airship. More than
      Bloomberg  -  922 words
    • 244 28 PACK ECl S ACt 9 ECS 8 AM. 3 Ethiopia* 6 t Accord 8 Eurohws 8 Append# s E»wgri« 8 Astro J fmom 7 Austral 9 Fl-Bright 8 Avant 8 foongSw 8 BSA J CLM 4 Batamn*> 7 Gainartrans M Bayswatar 7 Gawhpg
      244 words
    • 24529 36 EXPORT ETA ETA /UvvrtiMr Vassal Voyaga TaMphona ETA ETA Advartlsar VwM Voy*9* TaMpftono SIN DhTd nmn Nam* Number Numbar SIN DasTn Nam* Nama NumOar Numbar mtmmmmmmmmmmmmmmmmmmmmmmmrnmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm■ To BATU AMPAR/PULAU BATAM (BAP) 2552 A INDONESIA, Indonesia To ABIDJAN (ABJ) 2003 02/b 04/b nymiif k. hcng "wi 05-2(***** Ivory
      24,529 words
    • SHIPS IN PORT
      • 651 41 Vwrt VoyWe Bfth A/rtvM D*»*rt« Jmhrt bm UC56 J22 temqu* 04.0/2359 (MM MM N»0 JK HOMM 02.12/2300 MM Mm *****P JM *MH 04.12/1700 Mb) w»7 Jtt ilmniKi 02.12/2300 toe ClMM" MO J23 MUM 0212/1600 QiKI 23 J02 itiimHi 32 'i.'OfcOC Star IMriM 970* J04 MwpM 04.0/000 Tn Day*
        651 words
      • 1255 41 RECEIVING Of EXPORT Fa CONTAINERS ANO LCI CAROO SMp Vn"0 PWttr NrtM ftS "I**'» *2* OVUM MM ttnsat ovum wm *+mi mm worn ohm oiami mm a MgM MMM RM 02/07W 02/W» MM wxm mm wrm MMoo KM MM i MM MM MM 222 mnm MM 2 KS
        1,255 words
      • 181 41 DMI UAE Dml UAE Dml Ghana Thailand: H.M. The King's Birthday. Dml Finland, Spain Dm 7 Cuba, Italy (Milan) Dml Argentina, Austria, Brazil (some cities), Chile, Colombia, Italy, Panama, Paraguay, Peru, Portugal, Spain, Switzerland (tome areas) DMH Thailand: Constitution Day DM II Kenya, Mexico, Russia Dm II Sri
        181 words
      • 804 41 THB report. compiled by Cockett Marin* OU LM. shows price range* In US dollar* Inatend of single prices for a more comprehensive description at the market Prices shown sr* baaed on average-stad •Ml Market movement* are Indicated. The Cockett Bunker Price Index change and the Individual
        804 words
      • 370 41 mo MO 99J.9 12 17 J 0.10 54 *44 "w" mtmm m umrnm mm* rnrnmas i i i JmT 90M Oil 04 047 94 0.02 .Mn J-- 0.9 *-7 0.09 91 0.M won t/» »w* 101 W —4 Ho Movt 635 7 0 0 0 It
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    • AIR&LAND TRANSPORT NEWS
      • 449 42  -  Rail specialist to set 19 corporate centre in S'pore to prepare for regional growth By< Christopher Tan [SINGAPORE] Rail specialist Adtranz, a two-year-old venture between Asea Brown Boveri Ltd and Daimler-Benz AG, expects its share of projects in the Asia-Pacific to
        449 words
      • 275 42 AFP [CAIRO] National carrier Egypt Air is to slash fares on its internal flights by 50 per cent in a bid to counter the slump in bookings, Tourism Minister Mamduh al-Beltagi said. The move is the latest in a series
        AFP  -  275 words
      • 200 42 Assaults against staff has increased: airline association AFP [MANILA] Asia-Pacific carriers are to fight back against unruly passengers, an airline association said here yesterday, citing an increase in assaults on staff. The Association of Asia Pacific airlines "will not tolerate any unprovoked assault
        AFP  -  200 words
      • 380 42 Bloomberg [TEL AVIV] El A 1 Israel Airlines reported third-quarter net income more than tripled, bringing the state-owned carrier into the black for the nine months. The company said in a statement that it will "have difficulty" breaking
        Bloomberg  -  380 words
      • 227 42 AFP [SHANGHAI] The days of continuous horn-blowing may be over if rules which come Into force yesterday in China's commercial capital succeed in keeping pedestrians, cyclists and motorists in line. Shanghai's mayor Xu Kuangdi went on television on Sunday exhorting the city's more than 13
        AFP  -  227 words
      • 1314 42 err* Flight eta fikmt no umm orii mo om an "mm* 741 1310 "*> i\ sc221 2220 IBfl WHS ImMm $0377 OM U044 OW T6407 840 T04M IMS M99S 0945 KU30 2335 l—W 2M MMO 88 B.U7 1540 DU« 2355 N« CM MM VN7« 1310 VN740
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  • Page 27 Advertisements
    • 20 27 The alternative heavy-cargo transporter The Gefman-led Cargo Lifter group plans to revive the airship as a heavy-freight carrier. Pace 2
      20 words
    • 431 27 Adtranz expects share of Asia-Pac market to double Rail specialist to set up corporate centre in S'pore to prepare for regional growth. Ba«kPaf» Federal Express 1 chief executive officer Former US Frederic Smith has been appointed Defence Secretary chairman of the International Air Transport WMamJParry Association's (lata) board of governors,
      431 words

  • Page 28 Advertisements
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      750 words
    • 537 28 J SCf 7Tr eSef T MM Members of f» °-I©l "y bombers o»lhene9««ryo» OTW Sogepore Frerttt Forwarders Accredited Stvppng Agents. UAAf Assoaabon Singapore Shipprig Association lAL Container Line (UK) Limited 4.s 4 f ;< -fs Marine Transport Resources (Si Pre Ltd Tel 223 8380 Fax 223 8387 "Excellence in Quality
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  • Page 29 Advertisements
    • 1107 29 PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU vpsa vot na swro sxnp I uuc ixm. I wt— I cw lure I An. 1 hou Imi a msMttvoai OIK 17/11 w/11 20/11 05/12 09/12 10/12 10/12 12/12 12/12 10/12 11/12 13/12 I mjww 0201 247TFli7n~ TtjW 12/12 10/12
      1,107 words
    • 1882 29 HANJIN SHIPPING USA CANADA* IWVUAOT m UM m mnmnar S ml— lot wt nt I aba 40s |4m| om tm~ rvt m |wb m m m.—igg w/n vjn J^!2—*£2— »i/n 31/13 31/13 41/41 41/41 41/41 m/h 31/13 »/n »/>» ii/tT h. 0x0440 «si is/13 u/ti H.wmwww/»»i «/»i n/»i n/ti n/ii
      1,882 words
    • 104 29 ORIENT EXPRESS UNES (U.K.) LIMITED Qgi, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOT SjWGAfOff KWMT VBitl VOT KWIAT SWWOH ALBERT BRPGE 008 05/12 14/12 ALBERT BRIDGE 007 26/11 06/12 NORDKAP 420 06/12 17/12 NORDKAP 419 26/11 06/12 3NARTOBA 220 12/12 21/12 SINAR TQ6A 219 30/11 12/12 OOCL
      104 words

  • Page 30 Advertisements
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      1,255 words
    • 1110 30 MYANG RfIMNMGI UNE YML tntemrt WM> SH» http: //www.ymi.com.tw MRM|Lra|H,M < r T u E w VESSEL VOY LEM FTT HAM ANA MM SM GILBRALTAH BRIOGE BQ/A74IE SLO SLO SU) SLD SLD 02/12 DOVER BRIOGE M/A742E SLO SU) SLO SLO SLO 09/12 MING MOON 04/A743E SLO SLO SLO SLO 02/12
      1,110 words
    • 513 30 LINE Br jSL twlx iiiasii rax* msust MUARA_I LABUAN wssa m n n rasa wr m SfOH MMIA INK IM tmman rm/v M/ 12 m/ 12 mtoonr vm/v m/ 12 M/ 12 jpmwm wj/w N/12 ij/12 j raom vm/n N/1214/12 mmmmt wii/a 14/1117/12 MMMMY vjii/W M/ 12 N/12 imxm vm/v
      513 words

  • Page 31 Advertisements
    • 1093 31 l fififc VOY SIN BKK POU PKO P«N BtW BUW BA KK MANBBEEZAN PJL-1261 11/11 I I I ***** 24/11 MAN TBYFOURI PJL-12«0 18/11 24/11 MAN MOBIN PJL-12C2 02/12 11/12 13/12 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN
      1,093 words
    • 960 31 CARGO SHKKOU KUANGPU I WIIKIY DIRECT SAIUMC 1 I SMCAPOftf'SGfNfRAIAGfNTfc 6SHEKTONW»Y IftHtim MHlitN OUnWMO/U I COSTAR SHIPPING PTI LTD #17-01 msudg saus/ikgs 4tosm 1/43 inward dcft (d/ 0) 4»s7ts COSTAR AGENCIES (Ml SDN rhd aSiiiS 4 ;SI gSSSswiisSbwBS^ IK/BUM fSHS, 01 1,0 m I?/,, W W w »u W «6
      960 words
    • 515 31 EASTERN CAR LINER, LTD/^a&tf* It- Kl (SINGAPORE) PTE LTD I SPKUUZI IN ROWO A HEAVY UFT UPTO 122 TONS ECL (SINGAPORE) PTi UP LOADING FOR PORT KLANG/BMTUUU/MRf LAEM CHABANG/KUCHING/ MV "DAISY T" Vl6 MUARA/ KOTA KINABALU ETA SIN 28/11/97 ETA m 30/11/97 MV "OCEAN BLUE" V.49A ETA bH 04/12/97 ETA
      515 words

  • Page 32 Advertisements
    • 870 32 MP ROM ANW HM TNf ZEE LHV LHV TMP ROM ANW HtG PKL *GP E. RIGHT RW-831 83/12 21/12 2*12 22/12 24/12 21/12 2>/12 E. GROUP RE-tU 88/11 N/11 17/11 M/ 11 M/ 12 E. ROUND mHn (7/12 28/12 38/12 21/12 21/12 21/12 31/12 E. GLAMOUR RE-MS 12/11 12/11 11/11
      870 words
    • 1044 32 vtSSft VOUM SCPMUMiDMIMIWTUI VBSfl VOtACt DUB JOA AMI DM MM SCf 1 uMAnea (mm* ovi? ivij w? ivi? m? 17/12 17/11 17/11 uncokoos onimie a/11 n/11 m/ii tyii 24/11 00/1? B ■mmh mum n/12 n/11 ji/ij a/i* ivi? m/i? h/ii m/ii mma tm*n jo/ii a/11 n/11 «/ii 03/1? is/1? I
      1,044 words
    • 433 32 r*a> NANTAI LINE FUU.Y CONTAINERISED SERVICE TO MAUtITIUS SOUTH AFRICA vessel vot si rm mm en t/ui muftifwcEss oic K/I; m w\i mm Que gts vm ivi? It/ii w» awttwi ocs m M 7 wi? juromcoi was mt m mi mi MMUIMIQ om m w/11 iy» mmwws w<s x/»i lz/p
      433 words

  • Page 33 Advertisements
    • 432 33 M MYANMA \SBBk FIVE STAR UNE (MywNMf Nation! Um) lnfc| for YMfM (RaafMfl) vfssa vot sm no rei pou MMU tW SU MNIN W IPT MATSIA MM tOOSItAO SMPPM AfiBKKS DJL TE 01-03-*****00 Kk TH M-03-37M101 rat m oi-00-mimoi pooc m w-«7Uijmi/« BANK LINE (A Mrvkt of htk tm Woir
      432 words
    • 1063 33 /HYUNDAI MERCHANT MARINE CO. LIP. WSM VOT HMIB «TO OUT HMI Ml HI *Bsa NT 111 W Ml R ANT (TO Si( In Imp*:: ioow M/ 11 I M/li M/ 11 n/ii m/ 11 Sm mjl? W M/n /n /n »V" M/ 11 11/11 M/l l KST 52 11/ !l«l/0l
      1,063 words
    • 512 33 Rfc FAMOUS CONTAINER LINES JIB 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 g/ HOT LINE: *****33 (30 LINES) DAILY SAILING TO l ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 ■-•>•' v > f ?> P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 UNKING SINGAPORE
      512 words

  • Page 34 Advertisements
    • 877 34 MAHOKOK/LAB& CMAMAN* J AIC AWT A/P AMJ AMO VESSEL VOY SIN BKK LCH VESSEL VOY SJN JKT PJN QUA BHUM" 33N InPt" 04/12 DEJA BHUM ~724S ~ln Pt 06/12 04/12 NANTABHUM 370N In Pt 08/12 06/12 XETHA BHUM 2208 04/12 00/12 SRISAMUT SRB3BI 03/12 00/12 XETHA BHUM ***** 06/12 00/12
      877 words
    • 431 34 PUL INTERNATIONAL UNE POL NTFRNAVONAL Ua*iJtohgriMfcap*! «X Cap fev/Mart <• 4faMa mm. IfK I art ins In/mm 100/ i 21 US osfii \*l j \fm TOi I f)j M/ 1] MOM 11/11 IUNI 15/121 WW MTMUTO Hi 111/il]jFM_| (l/H 11 19/ll| samtAws l flas/WK 1 OtMOMSMJ fttl M/lfl ra I
      431 words
    • 748 34 /ICCORD SHIPPING PTE LTD m: *****13(40 Un«) FAX 5A40i30 «ST«U« MM«/ Ittl OMCO ACCISS TB. *****35 (tXPOST SOOKINO) MSSMMM «/)Ml \VI *****54 (IXPOST DOC), *****39 (IMPOST) fsuw jj, m UBLNTTP«/, iMUm J 01)44$ $779 WHTT HI SIM WHTT ITA SIN POtT ITA SHI EQfT m SIW (FAR EAST) (INDIA) (EUROPE
      748 words

  • Page 35 Advertisements
    • 319 35 f lI2JHS2SL—-».r* I rUte. I w Iwrw TO AUSTRALIA 1 at m_ hk m tn m m m m uwmi km aware vtm nm am am Finram n nn w« a« »m ass winiw tm wish nre mi nti tvai ■gg |w|w|wji4>t|--FEEDER SERVICE TO INDONESIA g asm mm wr rwn
      319 words
    • 995 35 ADVANCE CONTAINER LINES (PTE) LTD API 140 Cecil Street, #12-00, PIL BuHdlng, Slnoepore *****0 _'nV Li TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL I^ i CR NO. **********06 OPERATIONS: *****6tf *****06 IAMOKOK JAMJKITX eWUSSlSuillAfllU (5 VHHL VOT UQj vista VOY VH Ml SKO OCEAN "00C33" 03/12 V4d OA/12 Srt
      995 words
    • 804 35 yata* VOY I «N I JH> I WD LEH HAM HTM THE ZEE >WXE gAQUMM U23M Wtl I*l2 24/12 jyil 81/12 QMH OWDI OMR VS.LE OE TAURUS A2MW 18/12 S4/12 2*12 04*1 QMI 07/01 07/01 08/01 VH£ oeantarbs um> 2*12 31/12 oa*i i»oi ia*i ~iw isoi iSoT~ WLLUKHOnM* HZ9M WW
      804 words



  • Page 38 Advertisements
    • 44 38 I To retrieve more schedules, just follow these simple steps... 740-6000^^^^^^ p the port Snteryour Step key in the four hone number A*digit code Key in your Eximpto: t,» I fax number To HEW YORK (NYC) 2275 tor calls within Singapore hI 8 S
      44 words


  • Page 40 Advertisements
    • 367 40 zO\ SINO EXPRESS SHIPPING j 11 COLLYER QUAY *06-01 THE ARCADE Si NO TRANS I J S (*****7 J.TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX N^l^Z SINOTRANS SHANGHAI (CONTAINER SERVICE) YESSa VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI GOOD WELL 9722 2MJ OVI2 07/12 jm 2za iiyii w/12 13/12 JINFU
      367 words
    • 190 40 ttßU:<oW)3l«l7* MAMLA. (532) *****C1 OTawa W!I*M T USA/JAPAN MV "EUROPEAN EXPRESS" V. 151 M MV "SEVEN SEAS CHARIOT" V.631E ETA SIN: 5-12-97 ETA SIN: 7-12-97 j ROTTERDAM/HAMBURG AUCKLAND MV "HANJIN WILLMINGTON" V.OOIW MV "PRESTIGE" V.2BS ETA SIN: 8-12-97 ETA SIN: 13-12-97 FREMANTLE SHANGHAI MV "BUNGA BIDARA" V.401 MV "KOTA WUAYA"
      190 words
    • 110 40 HHOP€I 12/12 NwVndnVAtWßmnMK 1 BSAMM FORTUNE 04/12 NaMttnMtm«mnAJK 1 ■jNANC 06/12 RdrrVAtw/Bmn/UK I ■®T 25/12 NwVßdrrVAtw/BnwVUK Loads EJW Matayrta. Indonaah J ■CENTAURUS 1 ■GIORGOS CXjbau'BahrtirVDammarVKuwatt 1 ■PAN FORTUNE I I*l HAI Adan/Hodaidah/Jaddah/Aoaba/Egypt I ■BEKIR KALKAVAN I *Loada Singapore. EVW. Malayaia. Indonaaia IM Loadngfor f ■handy RIVER Loa Angataaflla* OrtaarV ChartaatttV
      110 words

  • Page 41 Miscellaneous
    • 113 41 LIGCHD; R Thunderstorm •<, A V Shower Weather Wind dvection with speed in knots Ron U Cloudy Sky Wov h^h Serftece *m+ ere wdicet.d by err—rs wfcidi wttk tfce wind One hM circle represents cotm or fight and variable winds U.OrwMf fteche represents 3 knots L— On* M Heche represents
      113 words

  • Page 42 Advertisements
    • 242 42 FAR EASTERN FREIGHT CONFERENCE BUSINESS PLAN 1998 The Principals of the FEFC Lines met in London today to review the market in the light of the rate restorations previously announced for 1.1.98 (USD 100/200 per 20/40' Westbound and USD 125/175 per 20/40' Eastbound). Volumes moving Westbound are now the highest
      242 words