The Business Times, 3 December 1997

Microfilm: NL21061
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 02JV12/96 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, DECEMBER 3,1997
    12 words
  • Article
    MARKET SUMMARY
    50 1 mm m U YHRM (+3.07) W% wt-m Umu»(+ii.M» Ql41«J5(+17.00) Mm wr md U0B2.71 (+21.68) Tfcmtagr flwnfr mwiH IUI«J»ZT»7J« fumson i litus +4fM7 set INDEX J78 14 1.42 Wuatkam-jmM—4M KANIMOOKP 1,***** *tl\ fWPB Wfl IJiMi *tKM 8HOULCOMP SNJ7 ll» CLSA CHINA B AU8T ALLOCS UMJ >!U iww —«—**%■> T
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  • Article
    FINANCE
    45 1 k ■•.■■ISJ, St US 1JW DM MO MM §F*I M78 L»1 Ml- M78 1448 RKS IIM MM HAffT mm gSffig,. -a JAKJUTTA UJI MUHGOK „I1* EA .ItH r :s flHMBT I.M lwno m HOWL. tltt HUNKFUET- 4.M UNBON ?Jt NUWNU UA (Source: NatWest Bank)
    45 words
  • Article, Illustration
    S'pore GLCs in race to buy Indon natural gas
    905 1  -  Tnas Power, SP jostle for position as countdown to market HWnKflatMW hf 8 By] Ronnie Lim [SINGAPORE] Even before the start of competition in the utilities sector, the race to buy Indonesian natural gas is hotting up between two govern-ment-linked groups
    905 words
  • Article, Illustration
    Lock icon Asian currencies take another hit
    406 1  -  WwjhwmfftM Karat and IMF fail to finalise racae plan By Larry Wee [SINGAPORE] Disappointed by yet another day of waiting for Korea's final IMF package, a new low of 1,285 in the Korean won led Asian currencies down in thin markets yesterday. The won recovered
    Source: Dowe Jones  -  406 words
  • Article
    Lock icon Yamaichi exec dies from overwork
    136 1 Reuters [TOKYO] An accountant from failed Japanese brokerage Yamaichi Securities Co died of fatigue after spending two straight weeks at the office when the company folded, a Japanese daily reported yesterday. The accounting section chief, 38, died on Nov 28 at his home in Tokyo,
    Reuters  -  136 words
  • Article
    Market watching if FCC move will start price war
    541 1  -  By: Diana Oon [SINGAPORE] The property market is watching with keen interest to see if First Capital Corporation's 12.6 per cent cut in prices for its relaunched Maysprings project will start a price war. They are also watching buyers' response as
    541 words
  • Article
    S'pore unlikely to commit more money to bail-outs: Dr Hu
    472 1  -  USs6b,inbßtuitiil Mini of ranrvßS, already committed From* Catherine Ong tn Kuala Lumpur SINGAPORE is unlikely to commit more money to ball out ailing Asian economies including South Korea, where negotiations are still going on for an International Monetary Fund (IMF)
    472 words
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      114 1 msnxß VSI I jijK' 4AI I *>w MJS^^Ek India's Congress Party was making last-ditch »H»mp*g last nigh* to form a gownmiwnl with United Front coalition, inn w The Goodwood Park Hotel group pumped about .*1 (atom into listed equities in its last financial year and in just a month saw
      114 words
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      8 1 Seoul shots down 9 merchant banks, Pg 4
      8 words
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      141 1 .a I.m.F u I'M F...JI* ■ri K-JI MBBm Oat od the streets -t [SEOUL] A labour union member of Seouibank, one of South Korea's many troubled commercial banks, looks doumccat whik holding up a placard as union membersftmned out over the city urging South Koreans to help save the economy
      141 words
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      9 1 More reports on Asean Finance Ministers' Meeting, Pg 4
      9 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Govt property moves may not be enough to ease price slide
      599 2  -  Big question mark over demand amid regional economic turmoil: analysts By. Abdul Hadhi PROPERTY market watchers say the government's new property measures, while timely, may not be enough to ease the slide in residential prices. They say the severity
      Source: ET & Co  -  599 words
    • Article
      OUB joins the others and hikes rates
      305 2  -  Stanchart is first of foreign banks to raise prime By\ Siow Li Sen OVERSEAS Union Bank (OUB) is raising its prime lending rates by half a percentage point from today to 6.5 per cent, the last of the Big Four banks to do
      305 words
    • Article, Illustration
      Lock icon Manufacturers bullish about Q4
      352 2  -  EYE ON THE ECONOMY Outlook By\ Carol Eng THE outlook for business in the current fourth quarter is fairly bright, going by the findings of the Economic Development Board's latest business expectations survey of about 370 manufacturers. On balance, more companies expected higher output, more new
      Source: EDB  -  352 words
    • Article
      Havelock to see new medical specialists' hub?
      508 3  -  Clinics moving out of Specialists' Shopping Centre may move into King's Centre By. Ang Wan May A NEW medical specialists' hub may be springing up at the junction of Havelock and Kim Seng Road. It is believed that some of the medical clinics
      508 words
    • Article, Illustration
      Air Products opens $45m plant on Pulau Sakra
      252 3  -  By: Francis Ang A US supplier of industrial gases and chemicals, Air Products, yesterday opened a $45 million production facility on the southern island of Pulau Sakra. The Singapore plant will supply liquid nitrogen, oxygen and argon to petrochemical and electronic companies
      252 words
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      70 2 L Hl MBBIII T LJP!' 1 l ™y l*iP -'rr %zm <* 8 t i*-i Ps^.' V J J fr%. |p1 IJ« •<• ~-f 4 < 9 HfpTf* Jp. 1 r <r VACHERON CONSTANTIN The WORLD'S OLDEST watch manufacturer Geneva, since 1755 Authorised Retailers: Cortina Watch Tel 339 9185 Roy
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      42 2 ■JF& --^TP^r^ ij. 4M ''v, HtffV 1 ttnfl fc, jj J F i WmBUBm W AM A LITTLE ANGEL 1 ■PT AT THE GRACE HAVEN I L J WHERE WILL I BE THIS 1 CHRISTMAS? ID The Westin Stamford &.Westin Plaza SINGAPORE
      42 words
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      25 3 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call C.A.T.S. at f 1800-737-1166 for this service. I CA.TA j Anotw ClwMacf o—vto«
      25 words
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      22 3 'IMOKIA Connecting People s That's why we designed our phones with larger screens. We call this lyw\ technologyr AS I I http7/notaa-asia.com
      22 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon S Korea shuts down 9 merchant banks
      669 4  -  Stocks, won plnnge, interest rates soar as IMF rescue package remains elusive From« Jennifer Veale in Seoul SOUTH Korea shut down nine ailing merchant banks but an agreement with the IMF remained elusive yesterday, sending stock prices and the currency plunging and interest
      REUTERS  -  669 words
    • Article
      Lock icon Moody's MD warns of depression risk
      416 4 Govts must adjust or face reliving lessons of the 1920 ft and 1990s AFP [KUALA LUMPUR] Vincent Truglia, Moody's managing director responsible for the international rating agency's sovereign risk unit, said the world economy is "at the crossroads" following the major geopolitical and economic
      AFP  -  416 words
    • Article
      Japan officials try to talk up yen, but in vain
      432 4  -  Weakness shows lack of faith in financial system: analysts From, Anthony Rowley in Tokyo JAPANESE government officials began what looked like a concerted campaign yesterday to talk up the yen from the lows of below 129 to the US dollar
      432 words
    • Article, Illustration
      Lock icon Simplistic to blame hedge funds for Asia woes: IMF
      508 4  -  ASSAM FINANCE MINISTERS' MEHHMQ BntCamdMMßisfir more flwciAWii in miif trading positions Reports byi Catherine Ong in Kuala Lumpur IT IS too "simplistic" to blame hedge funds for the currency crisis in Asia, says the International- Monetary Fund, although it believes there
      REUTERS  -  508 words
    • Article
      Lock icon China says Taiwan can offer aid, but...
      333 4 Reuters [KUALA LUMPUR] China yesterday gave a qualified green light to the use of money from rival Taiwan in a proposed Asian rescue plan, but said it should not involve Taipei's government. Chinese First Vice-Finance Minister Liu Jibin said Beijing did not object
      Reuters  -  333 words
    • Article
      Firms can tap Asean standby facility – if IMF objectives met
      510 4 Firms can tap Asean standby facility if IMF objectives met Asean ministers endorse facility at end of two-day meeting FUNDS from an Asean standby facility can be used to rescue private sector businesses if their use conforms to objectives endorsed by the International Monetary Fund, Asean finance ministers said yesterday.
      510 words
    • Article
      Lock icon IMF may have to seek new funds to fight Asian crisis
      386 4 Industrial nations may be asked to raise ■HtU; AFP [KUALA LUMPUR] IMF chief Michel Camdessus said yesterday he might be forced to go to leading industrialised countries in coming weeks to seek an increase in financial resources to deal
      AFP  -  386 words
    • Article
      Lock icon Joint rupiah intervention shelved temporarily
      182 4 AFXAsia AFP [KUALA LUMPUR] Indonesian Finance Minister Mar'ie Muhammad said joint central bank intervention with Japan and Singapore to shore up the rupiah has been suspended temporarily. Mr Mar'ie said in the current regional market volatility, exacerbated by the financial turmoil in South Korea, intervention
      AFX- Asia; AFP  -  182 words
    • Article
      Lock icon S&P may downgrade Indon power bonds
      301 4 AFP [HONGKONG] US-based credit rating agency Standard Poor's said yesterday It is considering downgrading several bonds used to fun&id&onesian power projects. The firm placed the triple-B-minus ratings of two bonds and a loan used to fund power projects on credit watch with negative implications.
      AFP  -  301 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      An Asean fund vs an Asian facility
      677 5  -  ASIIMfIBV Real problem lies In getting principal backers to come op with the money By) Yang Razali Kassim THERE were no big surprises when the two-day meeting of Asean finance ministers in Kuala Lumpur ended yesterday. The talks took place soon after the
      677 words
    • Article
      Lock icon Maybank raises base rate by half point to 10.25%
      264 5 KUALA LUMPUR Bloomberg MALAYAN Banking Bhd (Maybank) said it will raise its base lending rate, at which most home loans in Malaysia are financed, to 10.25 per cent from 9.75 per cent effective todajr. The bank Malaysia's largest last revised its
      Bloomberg  -  264 words
    • Article, Illustration
      Lock icon Graceful start to telecoms boom
      42 5 [HANOI] Traditional Vietnamese dancers performing at the opening ceremony for a telecoms exhibition in Hanoi yesterday. The show, which hopes to promote the advances in Vietnam's telecommunication industry, is due to continue for another 10 days. REUTERS
      REUTERS  -  42 words
    • Article
      Lock icon Mier's new GDP growth forecast: 5.8%
      120 5 KUALA LUMPUR Reuters MALAYSIA'S gross domestic product (GDP) growth is expected to be 5.8 per cent in 1996 and 6.1 per cent in 1999, a gov-ernment-backed think-tank said yesterday. The Malaysian Institute of Economic Research (Mier) lowered its forecast for next year's growth from
      Reuters  -  120 words
    • Article
      Lock icon Double-digit inflation looms, Jakarta warned
      217 5 JAKARTA Official txrgM govt to gtahflwe food roppties as prices dimb AFP THE head of Indonesia's Central Bureau of Statistics has warned that inflation could reach double digits this year if the government (toes not stabilise and facilitate food supplies, reports said yesterday. Bureau chief
      AFP  -  217 words
    • Article
      Causeway jams: Anwar clarifies
      238 6  -  KUALA LUMPUR Congestions not a planned exercise, he assures Dr Ha By< Catherine Ong MALAYSIA'S Deputy Prime Minister Anwar Ibrahim has clarified the cause of the recent Causeway jams and has assured Singapore it was not Malaysia's intention to create problems with the Republic. Mr Anwar
      238 words
    • Article
      Lock icon Coalition stable, no need for national govt: Chuan
      276 6 BANGKOK Govt strong enough to carry out duties without bringing in more parties, says PM Reuters THAI Prime Minister Chuan Leekpai said yesterday his eight-party coalition was stable, and played down reports that a "national government" involving all major parties was being
      Reuters  -  276 words
    • Article, Illustration
      Lock icon Over half of suspended Thai finance firms to fold up
      472 6 BANGKOK DPM says crucial plan for 58 finance firms to be oat on Monday AFP THAILAND'S economic tsar Supachai Panitchpakdi was quoted yesterday as saying that more than half of Thailand's 58 suspended finance firms will not survive under a
      AFP  -  472 words
    • Article
      Lock icon Another 2 top Thai banks hike rates
      295 6 BANGKOK AFP TWO more top Thai banks said yesterday they would join others in raising interest rates, further tightening a liquidity crunch that is already strangling growth. Thai Farmers Bank pic (TFB) and Thai Military Bank pic (TMB) both said they would raise
      AFP  -  295 words
    • Article, Illustration
      Lock icon Chinese in Manila protest over kidnappings
      363 6 MANILA Reuters MANILA'S economically powerful ethnic Chinese community closed shops and schools yesterday to protest against the killing of a Filipino-Chi-nese businessman by kidnappers. A few hours before the funeral procession for Gordon Tan, killed last week as he fought with gunmen trying to
      Reuters; REUTERS  -  363 words
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      198 5 r. AuJP r bi i lin jf EM 9m| S 3 a •woq;^HH^^|£HaHMHHpl|^^Hi|H|a9HlHß|l§|B9|B|^H s jtf -ban 90f,e v 4 1 Granted thert's nothing more inviting than the sight of a hot f foaming cup of belongs to. In our case, it's a blend of both Arabica which imparts a milder,
      198 words
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      58 6 the goes Don ft read about Experience it. Come to «(fc> ifef' MBH Auto GTI for a ,mß|^^K^Hß| drive today. Pflccnf I <4flT j3r.t-y£r VbßK^.^ AutoGTI 73 Bukit Timah Rd, #01-01 Tong Nam Building, Singapore *****2. Tel: *****44. Fax: *****97. Open seven days a week Monday Friday: 9am-7pm. Weekends holidays:
      58 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China extends foreign ventures' tariff exemptions
      312 7 BEIJING No curbs till firm imports all equipment considered part of its investment AFP CHINA'S trade ministry announced yesterday it would indefinitely extend import tariff exemptions for foreignfunded enterprises which were approved by March 31, 1996. China ended tariff exemptions for joint ventures to
      AFP  -  312 words
    • Article
      Lock icon Force still an option, China warns
      130 7 BEIJING AFP CHINA'S Foreign Ministry warned yesterday that force is still an option to recover Taiwan if the island makes moves towards official independence. "We will work hard for peaceful reunification of the motherland but we cannot renounce the use of force," spokesman Tang
      AFP  -  130 words
    • Article, Illustration
      Lock icon Gas what's in their plastic bags
      65 7 [ZHONGYUAN, China] Chinese farmers near the Zhongyuan oilfields in China's central Henan province carrying back to their homes giant plastic bags filled with natural gas stolen from wells along the road on Sunday. Thefarmers use the gas for cooking and heating, resulting in an
      AFP  -  65 words
    • Article
      Lock icon Foreign banks campaign against Beijing tax plan
      371 7 SHANGHAI Levy on interbranch, interbank funding will destroy lending businesses, they say FT FOREIGN banks in China have launched a concerted campaign against Beijing's decision to impose withholding tax on interbranch and interbank funding, a levy which international bankers say could {ttbstroy their
      FT  -  371 words
    • Article, Illustration
      Lock icon Jiang: Tiananmen action necessary for stability
      325 7 MONTREAL AFP THE 1989 crackdown on prodemocracy demonstrators in Tiananmen Square was needed to preserve China's stability, Chinese President Jiang Zemin told the Toronto Globe and Mail. "During the 1989 political arrests had the then Chinese government failed to adopt resolute measures, then "we
      AFP  -  325 words
    • Article
      Lock icon China's forex reserves too high
      271 7 BEIJING AFP CHINA'S foreign exchange reserves are excessively high and could trigger a fresh bout of inflation, an official newspaper warned yesterday. "China's huge and rapidly growing reserves are not very suitable for the economy and the negative effects are becoming increasingly apparent," the China
      AFP  -  271 words
    • Article
      Lock icon HK tycoons back 2 contenders for China parliament
      403 7 ■HONGKONG Reuters POLITICAL and corporate heavyweights in Hongkong are backing a controversial Chinese envoy and a sacked immigration boss who are among the favourites to fill the territory's seats in China's rubber-stamp parliament. A China-appointed selection panel on Monday night announced a
      Reuters  -  403 words
    • Article
      Lock icon Hongkong property agents to be licensed by end-1998
      287 7 HONGKONG Bloomberg THE body charted with bringing order to Hongkong's unregulated property agency market met for the first tijne, and vowed that every agent would hav« a licence by the tad of next year. The crackdown comes as the government moves to
      Bloomberg  -  287 words
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      109 7 ■>. s.. ED Dl 1 wC Beat Quay and the MIT station*. If you prefer staying in, 1B F' g 1 there arc (hop* and reatanranta on th« first four level*. Thai's jnat mom of the perks about living at Pfcrii Arcane Snites. Jfi Boaineas centre Daily honaekeepiatg Mnlti-fanction rooms
      109 words
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      372 8 Keppel L-C\nd fops off into vnov T\ajfi<ss office f Hil I::::::: !■■ll 3 !t^ 1 1 I —liMi In Raffle* Place, Singapore'* 111 (I rTT^mmmmuam mMem financial and bu*ine** capital, VI |3E T"- jm|P^J"E^'>i^^"'i^^'"" W ffjff Keppel Land i* committed to developing and managing g g premier office development*. It*
      372 words
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      72 9 Bs in Hs 4 1 •t f > A 1 :.WWv. Vr \Urii 'vnW^ \v.Su <1 '-v V 4iifci\iW i a <± r^v•urnfi h 'k k »f CVr V' > ua SVA 5>$V.W s;i I M If J 'J-w I Land I ■HdHLfl&jdHriUl I Building the future with you mmmam
      72 words
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      209 10 •"> *<, Hi? l > r lii s .**>. v a j i, '4"" v < ii "4 f r Nishimatsu Lum Chang J.V. (Construction Civil Engineering) Pte Ltd 1150 Beach Road #13-01/03 Gateway West Singapore *****0 Tel: 298 0566 Fax: 291 1449 Telex: RS ***** NISHIM "'fcl -i A;;
      209 words
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      187 11 ->-£3© ©33*-^ it H M M f ''tt Mtfl l r j|fc 4IM 1 .fltife EMfk»-*» Jm Vfl V and SSANGyONG SsangYong Engineering Construction Co Ltd Cnnitnl 7Temasek Boulevard #32-04 SuntecTower One Singapore *****7Te1: 336 1255 Fax: 339 9590 i 4 tr r-.'" -> w *'i &V* v ->*=€> &S&r'-,
      187 words
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  • ASIA
    • Article
      Lock icon Aussie retail sales, building permits signal slowdown
      488 12 SYDNEY Bloomberg AUSTRALIAN retail sales and building approvals were sluggish in October, signalling the economy may be slowing after indications of a robust third quarter. Retail sales fell 0.2 per cent to A 111.15 billion (5512.1 billion), while building approvals only rose 3.7
      Bloomberg  -  488 words
    • Article, Illustration
      Lock icon Congress Party makes last-ditch attempts to form a government
      464 12  -  NEWDELHI Polls likely as both the party and rival BJP are making no mayor progress: analysts By] Rajendra Bajpai INDIA'S Congress Party was making last-ditch attempts last night to form a government with constituents of the fallen United Front coalition, but
      AFP  -  464 words
    • Article
      Lock icon Australian building societies at crossroads
      118 12 MELBOURNE Bloomberg AUSTRALIAN building societies will need to merge in order to compete with increasing numbers of lenders in the Australian home mortgage market, according to ratings agency Standard and Poor's. "Building societies in Australia are at a crossroads," said Ken McKay, director of the
      Bloomberg  -  118 words
    • Article
      Lock icon RBI moves fail to stop rupee hitting new low
      342 12 BOMBAY AFP MEASURES by India's central bank yesterday to bolster the rupee failed to arrest the currency's fall as it hit a new record low closing figure of 39.28 to the dollar. The Reserve Bank of India's package of measures provoked
      AFP  -  342 words
    • Article
      Lock icon Japan's top sokaiya pleads guilty to payoff charges
      499 12 TOKYO Koike admits he got 12£b yen from four brokerages and a bank AFP JAPAN'S top corporate racketeer Ryuichi Koike yesterday pleaded guilty to his part in a major payofT scandal which has embroiled Japan's four largest brokerages and a major commercial
      AFP  -  499 words
    • Article
      Lock icon Japan must let weak banks fail, says top banker
      467 12 TOKYO Depositors should be protected first, says federation head Bloomberg THE head of Japan's largest banking industry group said yesterday the government should protect the nation's depositors and allow weak hanks to fail, giving a big boost to a proposal made
      Bloomberg  -  467 words
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      271 12 Refreshing shower enjoyment at a realistic price. U\ Mg/ The Croma shower set is!for those whe want everytMngi w Choose from a comforting soft spray and a bracing turbo j: spray; The automatic Quidean" I de-scaling function keeps Croma free from lime scale, while flow limiters help to J- save
      271 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Pakistani president quits after clash with PM, govt
      447 13 ISLAMABAD He accuses PM of wanting total power, charges govt with snbjnfrtmgjndidary AFP PAKISTANI President Farooq Ahmed Leghari stunned the nation yesterday when he resigned accusing Prime Minister Nawaz Sharif of wanting "total powers". Mr Leghari, who announced his resignation of the
      AFP; REUTERS  -  447 words
    • WORLD Watch
      • Article
        Lock icon Eurofin still most important body: UK
        81 13 Reuters (LONDON] Britain said yesterday it would continue to press its case for fUll membership of a ciub to co-ordinate European countries'economic policy after finance ministers foiled to agree on the issue in Brussels on Monday. "It will go to further discussion at Luxembourg,"
        Reuters  -  81 words
      • Article
        Lock icon Poor nations say no at UN meeting
        56 13 Reuters [KYOTO] Poor nations from G-T7 and China yesterday held out against committing to cvrt greenhouse gas emissions, at a UN climate conference, saying responsibility for cleaning the earth's atmosphere rested squarely on rich nations which had done the most to pollute it—Reutera
        Reuters  -  56 words
      • Article
        Lock icon Sweden, Russia fight money laundering
        44 13 Reuters [STOCKHOLM] Sweden signed an agreement with Russia's tax police yesterday to fight money laundering and customs duties evasion between the two nations, die Swedish foreign ministry said. Russian President Boria Yeltsin la on a three-day visit there. Reuters
        Reuters  -  44 words
      • Article
        Lock icon 2.2% GDP growth fot Italy?
        50 13 Bloomberg [ROME] Italy's gross domestic product should rise by 2.2 per cent tn 1996, signalling an economic recovery, albeit a gradual one", a survey by the ISCO research institute said yesterday. This exceeded the government s expectations of 2 per cent growth for next year.—fifoomAcry
        Bloomberg  -  50 words
    • Article
      Lock icon US chip industry faces cost challenges
      256 13 m SAN FRANCISCO Reuters THE US semiconductor industry faces increasingly difficult challenges as it moves to produce more complicated chips and the cost and complexity of developing new technologies escalates, a report said. The Semiconductor Industry Association said in a 196page "roadmap" for the
      Reuters  -  256 words
    • Article
      Lock icon Latin America feels immune to Asian flu
      260 13 SANTIAGO Countries fortified after Mexican, Argentine crises, say Reuters LATIN American nations will be largely immune to the fallout from Asia's financial turmoil because of reforms implemented since they suffered similar shocks three years ago, lending agencies and officials said on Monday. They
      Reuters  -  260 words
    • Article
      Lock icon Russia signs $32b debt deal with the West
      133 13 LONDON Reuters RUSSIA and its Western creditor banks yesterday closed a landmark U5532.3 billion (5151.9 billion) debt deal, marking another step in its financial rehabilitation. The deal was signed by 423 Western banks and financial institutions belonging to the so-called London Club
      Reuters  -  133 words
    • Article
      Lock icon US leading indicators up for 6th month running
      413 14 WASHINGTON October's 0.2% rise led by increase in hours worked on factory floor Bloomberg THE index of US leading economic indicators intended to project growth over the next half year rose for the sixth straight month in October, led by an increase
      Bloomberg  -  413 words
    • Article
      Lock icon US tax rules on deals abroad will hit MNCs
      197 14 WASHINGTON Bloomberg A NEW Internal Revenue Service position on foreign manufacturing will mean higher taxes or a higher cost of doing business for some multinational corporations. The new IRS stance applies to companies that use foreign subsidiaries to contract with separate
      Bloomberg  -  197 words
    • Article
      Lock icon US tobacco firms to pay US$250m to law firms
      121 14 I NEW YORK Reuters BIG American tobacco companies have agreed to pay up to US$25O million (S*4o2 million) to 11 law firms representing Mississippi in a move that bypasses congressional efforts to curb legal fees in the massive tobacco settlement, the
      Reuters  -  121 words
    • Article
      Lock icon Meeting will set up fund for Holocaust survivors
      393 14 Britain will give US to donate USs2sm over three years Reuters [LONDON] British Foreign Secretary Robin Cook, opening an international conference on the fate of gold looted by the Nazis, pledged yesterday to try to clarify "one of the darkest episodes of
      Reuters  -  393 words
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      134 13 fcSSfc *81ifeifr j 1~ JMMBHBKIi r. Y BS^^BBB^B^^KiM^Biilit WW cr .1 4, ibe n pn an I .-*>9B^B If WIM ;SHH jjjHHjK y—i.. .^BBr^ iUVI x k jHHT -r»" B -^>-a^..-"" >' < Ea hotel has changed business in Vietnam. In fact the hotel has made it easier. Smoothly run
      134 words
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      202 13 1 j A il ffl i 1 IjMp 1 W v I I 1 |i m bBTot- •■S? J I |i j H IMT wM f cr MptMrttaaaa wiaa, aaa«Meart an Auto Tracking Camera that delects motion vMaac aafat aac lag systea wttfc baltt- IratMlraqaM and is able to track
      202 words
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      104 14 I h •5^> t "^PBß*i§R;*iPw > -^^^inHBH 5- %L*^:T%fTSßm^Btmm I «^,y3MflS|B|B|Wßpir' I "i rflfefl Ml? fIV jSfl j £'J £&'^^BEfcv®.' 9 jSSgw^Ep I I mm I f BE|9G^fe ■Im W m I mm 9 m i W AW iB^BHEi BKhi k Jg|g|gfe t jr j/»V .;:^C T 4 a B
      104 words
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      106 14 Rhb I in the centze &fj town ant) still get awau fyom it all? ...Of course. Located m ihe heart of Singapore's retail and commercial districts. the Carlton Hotel Is surrounded by shopping centres, convention centres and distinguished neighbours Including Raffles Hotel. Major cultural aid tourist attractions such as Chijmes,
      106 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Ambiguous Sonia Gandhi has to decide
      758 15  -  aerroMLiME OPINION By Yogi Aggarwal The writer is a Bombay-based journalist who contributes regularly to BT AS INDIA gets sucked into the vortex of yet another election, Sonia Gandhi, the widow of assassinated former prime minister Rajiv Gandhi and the person who triggered the
      758 words
    • Article
      IN OTHER WORDS
      123 15 'It is a crime to give us the weak students as if economics is a trash subject' Dr 9pi MkM BmmM Aktaril of the Islamic University's management centre on the need to review the criteria to select students for economics. 'I endeavour to forget everything unpleasant' Hla
      123 words
    • Article
      Be prepared for stormy weather
      664 15 EDITORIAL BY most accounts, the Singapore economy has so far been relatively unscathed by the financial crisis that continues to wreak havoc throughout Asia. But if the turmoil does not abate, it will be a matter of time before Singapore too is hit The Singapore
      664 words
    • Article, Illustration
      Lock icon Productivity the key
      980 15  -  i>.., i— RMMOfRf growtn can get economy out of exchange rate-wage policies, competitiveness bind By' Wu Ying THE "coordination" between Singapore's exchange rate policy and wage policy has arguably been one cornerstone of its macroeconomic management. The strong doUar shields the economy from imported inflation and helps
      ARTHUR LEE  -  980 words
    • Article
      OTTV considered a failure
      368 15  -  mailbox Lee Eng Lock I REFER to the PUB's reply (BT, Nov 6). There are a number of facts on this issue which deserve to be ventilated. Firstly, the 1979 Building Regulations on overall thermal transfer value (OTTV) have been described as a failure in various
      368 words
    • Article
      On-line SES needs upgrade
      169 15  -  Denis Distant THE Stock Exchange of Singapore did a good Job of going "on-line" with "live" quotes for shares traded on its various boards; originally via SBC's (now TCS) Teletext service as well as by phone-in, and later via the Internet However there appears to be
      169 words
    • Article
      WHAT THE OTHERS SAY
      187 15 IN recent weeks, confidence in the economy has taken quite a battering. Survey after survey, the lateet by the Asia-Pacific Reeearch Institute of the Chinees University of Hongkong, shows a sharp drop in this regard. The causes are obvious... But, as wiser people have long realised,
      187 words
  • Page 15 Advertisements
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      43 15 KKWESBPRY By Garry Trudeau HOUKMO*,BLOKC*f, WU HAVNTHKAtP? 7W H- G&SAT ME&GA6& HUH* WTj&AFXAuFWkBfIi lALAVST PKWCQH6 CO**# ClA*f HA* CWOHt W IHBR TQH&a I've ee&J HA*rr black srucw our or* I so upserabout 7ne hap a APMirrtP/ 7H**BA*KfG& SSSf T&yM J BQA&AJ* -TV 79*Aac*'
      43 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A resolute shift to a dreamy style
      1136 16  -  An age of romance is taking over from fashion's age of reason, says oom&tamob or whitm CONSTANCE C R WHITE NYT IT has been nearly six years since fashion made as resolute a shift in style as it is undergoing now. The austere
      NYT; FILE PHOTO  -  1,136 words
    • Article, Illustration
      Lock icon Asia next Aids hotspot?
      701 16 HEALTH Poor Mood acrwiiiifc booming vice industry? no of shared needles by hospitals and drug users foe! problems AFP WITH estimates of Human Immunodeficiency Virus (HIV) infections in Asia ranging from less than five million to 10 fcillion, and the number of victims forecast to more
      AFP  -  701 words
    • Article
      Lock icon A homecoming of sorts for Viet-American film-maker
      607 16 FILMS lapuraattaf the real Vietnam censors, typhoon, motorbikes notwithstanding NYT [HO CHI MINH CITY] Making the first American movie ever filmed entirely in Vietnam hasn't been a bed of lotus blossoms, say its producers and its young director, Tony Bui, 25. All of
      NYT  -  607 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      66 16 SEOUL FOOD *96 You arc cordially invited to participate in the 16th Seoul Int'l Food Technology Exhibition which is now one of the best known food exhibitions in aD of Asia. For more detailed information, please contact KOTRA, Singapore at 221-3055/6 or visit our internet web site 'http^/wwwJDotnLorJo-' Korea Trade
      66 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      599 17 Sunday Classified at Clarke Quay Every Sunday, 9am spm Where to wine, dine and entertain... 'SSCf "*JI The Hulxrtui Grill returns by popular demand for Xmu Eve Day and New Year's Eve Day only. Serving our renAwned gourmet buffet. So call 839 1555 now to boo It your able. Also
      599 words
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      Page 17 Advertisements Column 2
      155 17 Spices of Sichuan jjj From 3-14 December 1997. savour cuisine from this province J)lI specially prepared by two specialty chefs from Lai Lai Sheraton, Taipei. loin us as we bring you the best in f Sichuan Cuisine served in the exquisite setting of Pine Court Chinese Restaurant reminiscent of the
      155 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      643 17 TV&RADIO N M R M" 12.48 AM Murder One Chap- sap. ii^ji terSixteen. 130 Suria 12(r). xS KwtaSST LOa AM The Late Night Mov- «JM Paramapadam. fri w winners. ies The Donor. uoo Chaturanaa tS aM"-" ln it And 4.00 Kidz Blitz: Sesame Street. tSwSRtSZiST'L. JfJ STttSMW!?* 8.00 Kidz Blitz:
      643 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      156 17 CRYPTIC CROSSWORD from y 24 One in position to get fish (6) 25 Reeled round and gave las- 6 2 ne JS" WBr shaped Ukeanee YESTERDAY'S SUMWUM Civious clanrps (Ki die (7) 26 Legal decision coming to a 7 uncuJti QMpu 12 Host a dance and enjoy one- bkioHloil^filplllyMtMul self
      156 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Making the right connections
      569 18  -  A high-speed business network to be introduced by Sing Tel will fill an important gap in Singapore ONE, says tob ham shxh TOH HAN SHIH THE new broadband network to be next year by business will OH an inportMit pp in Singapore ONE, the HMMnK nign-speea
      569 words
    • Article
      IBM's new software for business
      327 18  -  I-NetOnevses intranets and eztranets U boeet efficiency: Big Blue By Toh Han Shih IBM has launched a software which it says will make businesses operate more efficiently by utilising both intranets and extranets. Intranets are the Internetbased networks within a company and extranets are Inter-net-based
      327 words
    • BOOK marks
      • Article, Illustration
        Virtual pharmacy
        107 18 A VIRTUAL pharmacy, called CyberPbannacy, has opened for business on the Net Managed by Asia Health Online, a subsidiary of MediMedia International, it is a Web site that provides information and offers pharmaceutical products for online sales. Surfers can browse through pictures and product information of its "collection
        107 words
      • Article
        Net business to triple?
        81 18 THE percentage of entrepreneurs who will uee the Net for commerce will more than triple in the next 12 to 1$ months, going by a survey conducted by USA Today and Ernst ft Young. A recent survey of990 entrepreneurs showed that currently only eight per oent
        81 words
      • Article
        Training up for US$1b market
        89 18 THE global business training and education market on the Internet alone will hit US$1.03 billion (S$1.64 billion) by 2001, according to a recent survey by International Data Corp. IDC said that top companies spend three per cent of sales on training, "given that knowledge and
        89 words
      • Article
        Long-distance pizza, anyone?
        91 18 s a > SMALL and home office (Soho) businesses can take heart from The Pizza Maker, a unique pizza sales site on the Web that offers its products around the world. Mark O'Brien sells his hermetically-sealed pizzas worldwide on the Net 11»e pizzas have a shelf-life of
        91 words
      • Article
        Lycos turns the corner
        76 18 SEARCH engine firm, Lycos Inc. has just turned the corner, going from red to black. It thus becomes the second such company in the Web search business, alter Yahoo!, to turn profitable. The two-year-old Lycos recorded a profit of US$107,000(3*171,000)for Qi ending Octal, 1907. This is
        76 words
      • Article
        Connected, optimistic an opinionated
        79 18  -  tapMlry Francis Ang SURFERS cm the Internet are likely to be mod "connected, optimistic, and opinionated". This is s key finding from a recent study conducted by Morrill Lynch FUrum and Wind magazine that surveyed 1,444 Antartcans. The survey showed that 71 per cent of all
        79 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      261 18 /Yttu're on the Internet. Arul people are visiting your virtual store in droves. So hmv come they're not snapping up what you're selling? bared with this issue, Br el Software derided to rail in IBM. The problem Potential customers spent too much time and effort searching through existing on-line catalogues.
      261 words
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      Page 18 Advertisements Column 2
      6 18 brought to you by r =<S>
      6 words
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  • COMPANIES & MARKETS
    • Article
      Goodwood Park group puts $260 m more into shares
      447 19  -  Portfolio dives $350 m amid regional turmoil but still offers paper gain of $700 m By* Ang Wan May [SINGAPORE] The Goodwood Park Hotel group pumped about $260 million into listed equities in its last financial year and in just over
      447 words
    • Article
      Revaluation of Apollo's assets doubles its NTA to $425 m
      373 19  -  This turns its offer price into 20% discount to NTA By, Jenny Lam [SINGAPORE] A recent revaluation of Apollo Enterprises' assets has doubled its net tangible assets to $425 million. This has in turn, changed the offer price- NTA ratio
      373 words
    • Article
      One figure doesn't tell whole story
      664 19  -  HOCK LOCK SIEW Jennifer Lien IN RECENT months, one measure of the state of the world electronics industry has been getting very close attention from the markets the growth in US new orders for electronics components. Early each month, analysts will eagerly await the
      664 words
    • Article
      Vikay to file for judicial management
      279 19  -  By, Audrey Tan [SINGAPORE] Troubled Ses-daq-listed Vikay Industrial said yesterday it would file for judicial management. Three creditor banks last month filed a petition for it to do so. The liquid crystal display maker said in a statement that it will ask the court
      279 words
    • Article
      AFP Land buys Mauritian project for US$10m
      543 19  -  Purchase price M«w the USs39.6m Amcol paid for 40% stake By i Conrad Raj [SINGAPORE] In a new twist to the Amcol saga, AFP Land, formerly Amcol Holdings, has purchased the entire Mauritius resort and residential project of Mauritian businessman Roland Maurel for
      543 words
    • Article
      S'pore, Taiwan to promote dual listings
      104 19 X CJ [SINGAPORE] The stock exchanges of Singapore and Taiwan have agreed to promote the dual listing of shares on each other's bourses. They will also study the feasibility of allowing croaatrading of securities and will sign a memo of understanding on enforcement and
      104 words
    • Article
      L&M directors in the dark over share surge
      130 19 [SINGAPORE] L&M Group Investments yesterday said its directors "are unaware of any material Information that is likely to result or would reasonably be expected to result in a significant change to the company's share price and turnover". The company issued the statement
      130 words
    • COMPANIES
      • Article
        Lock icon Singapore bank stocks glitter amid regional gloom
        560 20 j Strict regulation, —ii ■i■ 1, ratuiuy prnoent banking practices cnskion banks frem currency turmoil Bloomberg [SINGAPORE] "If there's any banking sector to buy in Asia with the exception of India It's Singapore," said Salman Khan, a banking analyst with Goldman Sachs in
        Bloomberg  -  560 words
      • COMPANY Briefs
        • Article
          Lock icon Goldtron unit downplays announcement
          66 20 Bloomberg [HONGKONG] Sesdaq-listed Goidtron's Hongkong subsidiary Gokttron Holdings Uri(GH) yesterday pteysd down last month s announcement that China Resources (Holdings) Ltd was in talks to take it ovsr at a price that vataeAGH at aa much aaUSgg million (3686.4 mimon). pay. (Hi said the November announcement
          Bloomberg  -  66 words
        • Article
          Lock icon Profit down 51% at China Everbright
          50 20 Reuters ended Sep*), the eompany said the decline was due to slower sales at its New Zealand home-building subsidiary and the Asian currency turmoil. The group also announced It nook! change the end of its financ ial year from March 81.1986, to Dec 31.1867.—Reuters
          Reuters  -  50 words
        • Article
          Lock icon Inchcape gets court's not to demerge
          66 20 Reuters [SINGAPORE] Inchcape Bhd said yesterday the Singapcre High Court had approved its application to demerge th«*j company's UAiketing services businesses from its core motor trstding businesses. The Nov 28 court decision would be sflbctive from Jan 1 and Inchcape's marketing services bwslnseaos would
          Reuters  -  66 words
        • Article
          Lock icon Hospital Pantai ups Asiamatrix stake
          46 20 Reuters [SINGAPORE] Hospital Pantai Bhd has raised its stake in Asiamatrtx to 8J7 par cent from 7.63 per cent Asiamatrix tofai the Stock Exchanfs of Singapore that Pantai Healthcare (Cayman) Ltd bought 186,000 shares at $2.1729 saeb on Nov 27. Renter*
          Reuters  -  46 words
        • Article
          Lock icon Bank of Commerce gets nod for ICULS
          60 20 Reuters [KUALA LUMPUR] Shareholders of Bank of Commerce CM) Bhd yesterday approved a rights issue of 605.72 million Malaysian ringjit (S62TO.6 million) in five-year 6 psr cent irredeemable convertible unsecured loan stocks (ICUL8), a senior official said. The approval will allow it to
          Reuters  -  60 words
      • Article
        Pacific Andes interim earnings jump 55%
        177 20 [SINGAPORE] Pishing and frozen seafood firm Pacific Andes yesterday reported a 55 per cent Jump in half-time net profit to HKM3.44 million (589.03 million) on the back of a 67 per cent increaee in turnover to HK5749.64 million. The company attributed the profit increase
        177 words
      • Article, Illustration
        Lock icon Bank stocks drive demand for blue chips
        251 20 [SINGAPORE] Led by firm demand for bank counters, all major local blue chipa yesterday ended sharply hifher, sparking speculation that foreign money might be poised to return after a long absence. The sudden Inflow of liquidity meant that the BTMGA Index, which includes
        Source: Bloomberg  -  251 words
      • Article
        Lock icon Salomon plans to expand in region in '98
        428 20 Reuters [HONGKONG] Salomon Smith Barney Asia Pacific said yesterday it had increased its market share in Asia, despite dwindling volumes in financial markets, and expected to continue expanding in the region in the coming year. "Our market share actually has gone up
        Reuters  -  428 words
      • Article
        SIA says consultants' review won't lead to shakeout
        229 20 [SINGAPORE] Singapore Airlines (SIA) yesterday clarified that the ongoing organisation al review by US consultants McKinsey and Co is "limited to career path planning and was not a major reorganisation exercise". The comments by SIA director of personnel Chris Lee follows concerns
        229 words
      • Article, Illustration
        Lock icon Small is cool
        52 20 [TOKYO] Japan s electronics giant Matsushita unveiling the Coolshot Z7, the world's smallest and lightest digital stiU camera, yesterday. The Coolshot n, measuring 91 mm by 60 mm by 31.5 mm and weighing 142 grams, will go on the market today at a price of 54,900 yen
        AFP  -  52 words
      • Article
        Lock icon HK Tel in talks to buy Pacific Link
        344 20 Mm agnail overdue caDvlar phone ihiki it. uitjito Bloomberg Reuters [HONGKONG] Hongkong Telecommunications Ltd is negotiating to buy the mobile telephone business of First Pacific Co, an acquisition analysts said might cost as much as US$65O million (Ssl billion) and help HK
        Bloomberg; Reuters  -  344 words
      • Article
        Lock icon No share settlement failure: M'sian SC
        207 20 Reuters [KUALA LUMPUR] Malaysia's Securities Commission (SC) said yesterday that there has not been any failure in settlement of share transactions by stockbroking firms in the country. "We've had no settlement failure whatsoever," SC chairman Munir Majid told reporters after an official Amotion. On
        Reuters  -  207 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Stock may have been hit by Asia worries: NZ tour firm
        247 22 Bloomberg [WELLINGTON] Tourism Holdings Ltd, a New Zealand tour operator, said concerns about a slowing inflow from Asia may be behind the decline in its shares yesterday to their lowest level since January 1992. Tourists from Asia account for
        Bloomberg  -  247 words
      • Article
        Lock icon Glaxo stops UK sales of new diabetes drug after six deaths
        520 22 Mm causes fell in Warner-Lambert, which markets the drug in the US Bloomberg [LONDON] Glaxo Wellcome pic has halted British sales of its new diabetes drug Romozin after six patients died in the US and Japan from liver toxicity.
        Bloomberg  -  520 words
      • Article
        Lock icon Toyota is Japan's most profitable firm at half time
        364 22 Reuters [TOKYOJ Toyota Motor Corp was Japan's most profitable company in the first half of 1997/98 despite sluggish car demand at home and lower sales in Asia due to the region's economic woes, Wako Research Institute said yesterday. "Although domestic (vehicle)
        Reuters  -  364 words
      • Article
        Lock icon Dow Jones, Washington Post sell stakes in 2 firms
        230 22 Shares in newsprint, timber firms sold to partner for USs226m Bloomberg [NEW YORK] Dow Jones Co and Washington Post Co sold their matching 35 per cent stakes in two newsprint and timber companies to partner Brant-Allen Industries for a total of
        Bloomberg  -  230 words
      • Article, Illustration
        Lock icon Westinghouse reborn as CBS, moves HQ
        377 22 Group to sell last of its industrial businesses and focus on radio, TV Bloomberg [NEW YORK] Westinghouse Electric Corp became CBS Corp and moved its headquarters to New York City, part of the 111-year-old company's transformation into a media and entertainment group from a
        Bloomberg; REUTERS  -  377 words
      • Article
        Lock icon Bell South, Telstra sign NZ cellular deal
        196 22 Reuters [WELLINGTON] Bell South NZ and Telstra NZ said yesterday that they have signed an agreement which will allow Telstra to offer mobile services using the Bell South GSM digital network here. "The second component of the deal is BellSouth's acquisition of Telstra's
        Reuters  -  196 words
      • Article
        Lock icon JP Morgan suspends two London staff
        559 22 Mm comes amid probe by exchange into Friday's late trades Reuters [LONDON] The London Stock Exchange's new trading system was plunged into controversy on Monday as investment bank JP Morgan suspended two staff for potentially breaking market rules amid an investigation by the exchange.
        Reuters  -  559 words
      • Article
        Lock icon Booming Ericsson to cut 10,000 jobs: report
        315 22 AFP [STOCKHOLM] Swedish telecommunications equipment group Ericsson plans to cut about 10,000 jobs at a subsidiary which specialises in telephone exchanges, a newspaper reported yesterday. A spokesman for the group, which is experiencing strong growth of sales and profits, declined to comment on
        AFP  -  315 words
    • FOCUS: MONET MATTERS
      • Article, Illustration
        Lock icon Hungry for greenbacks
        991 23  -  Corporate demand for US$ is adding pressure to an already thinning market By] Larry Wee [SINGAPORE] BAD news on the Asian front last week could not have come at a worse time for corporates needing foreign currency. And things are not likely to get better any time
        Compiled by BT; Source: Deutsche Morgan Grentell  -  991 words
      • Article, Illustration
        Lock icon Yield spreads out of whack
        803 23  -  Tell 9 me c howaT By( Cecile B Saavedra The writer is managing director, Asia-Pacific, for US credit rating agency Standard Poor's. [SINGAPORE] We turn our focus this week to the recent volatility in the Asian financial markets. Asia's recent problems fall basically into two
        Source: Standard & Poor's  -  803 words
      • Article
        THE WEEK AHEAD
        320 23  -  Compiled by Larry Wee ANZ Investment Bank (ANZ), Independent Economic Analysis (IDEA), JP Morgan (JPM) and MMS International United statu Friday: Closely-watched November employment and wage stats due. After October's strong 284,000 non-farm payroll number, MMS expects November's figure to be moderated by a "projected moderate slowdown
        320 words
    • FINANCE & COMMODITIES
      • Article
        Simex brokers to get big boost from new rules
        424 24  -  Change in capita! requirements seen making S'pore more competitive ffyl Siow Li Sen [SINGAPORE] Singapore International Monetary Exchange (Simex) brokers will get a major boost next year from a recent change to their capital requirements. And more changes are in store
        424 words
      • Article
        Lock icon Merger firms try to ease EC fears
        377 24 Big accountants could give 19 self-regulation to gun okay for plans FT [LONDON] Two of the four international accountancy firms seeking global mergers said on Monday they were prepared to give up self-regula-tion of the profession to win European Commission approval for their
        FT  -  377 words
      • Article, Illustration
        Lock icon Daiwa Securities mulls buying part of Yamaichi's business
        294 24 Reuters Bloomberg [TOKYO] Daiwa Securities Co Ltd said yesterday that it is considering acquiring part of the business of failed Yamaichi Securities Co Ltd. "We are considering acquiring part of Yamaichi's business and its employees in response to a request from Yamaichi,"
        Reuters; Bloomberg  -  294 words
      • Article
        Lock icon NatWest to sell equities units
        310 24 Buyers are Deutsche Morgan GrenfeU, Bankers Trust Bloomberg [LONDON] National Westminster Bank pic has agreed to sell its European equities business to Bankers Trust New York Corp and its equity derivatives unit to Deutsche Morgan Grenfell for as much as £220 million (***** million), four
        Bloomberg  -  310 words
      • Article
        Japan reinsurer opens S'pore branch
        243 24  -  By I Soh Tiang Keng [SINGAPORE] Japan's biggest reinsurance company, Toa Fire and Marine Reinsurance (Toa Re), has opened a regional branch in Singapore serving Asean and the Indian subcontinent. Its office at Cecil Street is its first overseas branch. But it runs overseas subsidiaries
        243 words
      • Article
        G K Goh in joint equity fund to invest in region
        237 24  -  By < Clarissa Tan [SINGAPORE] Local securities house G K Gob has teamed up with Scottish fund manager Murray Johnstone and US-based Bancßoston Capital to launch a private equity fund to invest in mediumsized companies in the region. About
        237 words
      • Article
        Lock icon More pressure on Euroyen rate futures
        217 24 SDBEXltepart Reuters [SINGAPORE] Simex Euroyen interest rate ftitures faced renewed selling pressure yesterday as futures prices aligned with the higher levels of Euroyen cash rates. Dealers said the tighter availability of funds was driving domestic cash rates up, prompting heavier sales of futures. "The
        Reuters  -  217 words
      • Article
        Futures buoyed by Wall Street rally
        153 24  -  MSGI TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rallied yesterday, supported by a sharp move upward in the US market. Initially, institutional selling held back the advance, but as
        153 words
      • Article
        Lock icon Nigerians go on strike at Elf-Aquitaine
        208 24 ENERGY REPORT Reuters [LAGOS] Nigerian workers at French oil company Elf-Aqui-taine's offices went on strike yesterday to protest against the number of expatriate staff there, but said industrial action was not affecting production. "We are still on strike but for now it is restricted
        Reuters  -  208 words
      • Article
        Lock icon CURRENCY REPORT
        269 24 AFP Reuters London THE US dollar fell against the mark in the first part of yesterday's session on the London forex market due to profit-tak-ing, but stabilised against the yen after having opened lower in reaction to statements by the Japanese finance minister. The dollar was down in
        AFP; Reuters  -  269 words
      • Article, Illustration
        Untitled
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        1,158 words
    • Article
      COMMODITY PRICES
      1403 25 mwruTum Dees WWIitwiclMl^»illlpt KS1C0NTUC7(ScMti/l« ON* MM Oqm mm* m* im s*t win 11) mis tt7.7» 555 5 MS F0N 127.00 920 MvM 128.50 070 Apr/Jw 99 134.50 M8S0 Jtf/S*W 139.50 3075 0ct&c90 M2.75 MOO TMgOFOt {SB JSS 52 M S £2 S K «S S 8 a&: i
      1,403 words
    • Article
      WORLD STOCK MARKETS
      1957 25 LONDON taci to&sbrittt 34 Group SOS UOO AB Ports 283 UOO AtteyMattonal *****0 -4.600 AModOomecq 543 *6400 Amec 131 S Aid* Group 164.400 *9 ■ATM 544.400 -1 BGMc 289 2 BtCC (57.600 *5.600 BOC Group 950 *61/4 M Petroleum 816 *6 m» 207MO -400 Bonk o# Scotland
      1,957 words
    • Article
      Lock icon TOKYO
      1550 25 AFP Nikkei 22S -17.30 JAPANESE share prices closed moderately lower yesterday in the first Call after four days of gains, pressured by profit-taking among banking and securities issues following their recent rally. The Nikkei stock average of 225 selected issues on the Tokyo Stock Exchange fell 97.30 points or
      AFP  -  1,550 words
    • Article, Illustration
      Lock icon HONGKONG
      1560 26 Bloomberg QHugSeog +416.47 HONGKONG'S key Hang Seng Index breached 11,000 points for the first time in a month, led by banks and property companies as lending rates eased to a six-week low. J HSBC Holdings pic and its unit Hang Seng Bank Ltd paced the gains, jumping more than
      Bloomberg  -  1,560 words
    • Article, Illustration
      Lock icon CHINA
      572 26 Reuters Q Shenzhen B Index -L 72 SHENZHEN'S hard currency B Share Index ended yesterday at a new 1997 closing low as foreign institutions pulled out of large-capitalisation Bengang Steel Plates, analysts said. The index slumped 1.72 points, or 1.78 per cent, to 94.93 after touching a new 1997
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  572 words
    • Article
      Lock icon TAIPEI
      350 26 AFP QVP Index +Z7&M TAIWANESE share prices recovered 3.8 per cent at the close yesterday, boosted by the robust performance of US stocks and eased concerns on the local political front, dealers said. "The market opened high in reaction to a surge on Wall Street overnight," said Angela Huang
      AFP  -  350 words
    • Article
      Lock icon WELLINGTON
      240 26 AFP FlWeflimtton *37J7 NEW Zealand stocks closed 1.7 per cent firmer yesterday. The NZSE-40 was up 37.97 points to 2,338.75 on turnover of NZ$64.l million. Southpac's John Huddleston said sentiment had improved after some of the majors had been oversold recently and bargain-hunting has taken place. —AFP m mm
      AFP  -  240 words
    • Article, Illustration
      Lock icon BANGKOK
      821 26 AFP AFX-Asia □set Index -9.42 THAI shares ended 2.4 per cent lower yesterday on the back of a record plunge of the embattled baht, dealers said. Selling still focused on the banking and finance sectors amid tight liquidity and the weakening baht, they said. They said market sentiment was
      AFP; AFX-Asia  -  821 words
    • Article
      Lock icon SEOUL
      377 26 AFP Q Composts Intel -112> SHARE prices tumbled to close 4.1 per cent down on the Korea Stock Exchange yesterday on gloom over protracted IMF bailout negotiations and the closure of nine merchant banks, dealers said. The market fell very quickly at the start when authorities suspended the operations
      AFP  -  377 words
    • Article
      Lock icon SYDNEY
      557 26 Bloomberg QAD Ordinaries +IL4 AUSTRALIAN stocks rose amid optimism that slowing growth in Asia won't cut the earnings of companies whose operations are domestic. "It's going to be a good Christmas," said Eric Betts, strategist at Nomura Australia. "We have had five interest rate cuts... consumers are going to
      Bloomberg  -  557 words
    • Article, Illustration
      Lock icon JAKARTA
      615 26 AFP POwnpogteMci -4,34 JAKARTA shares ended 1.1 per cent weaker yesterday on growing concern over the downward slide of the rupiah, dealers said. The Jakarta Stock Exchange Composite Index closed down 4.34 points at 394.28. "I think the market got panicky as it saw the rupiah staying below 3,800
      AFP  -  615 words
    • Article
      Lock icon MANILA
      317 26 AFP n Manila *221 PHILIPPINE shares closed up 0.1 per cent in thin trading as part of a market consolidation, analysts said. The Philippine Stock Exchange Composite Index ended up 2.21 at 1,779.25 points. Volume fell to 1.56 billion shares worth 654.3 million pesos compared to 1.95 billion shares
      AFP  -  317 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
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        7,641 words
      • Article, Illustration
        Lock icon Technical rebound boosts KL shares
        354 27 AFP Fl Composite Index MALAYSIA'S key stock index closed 1.6 per cent higher in thin trade yesterday due to a technical rebound. "The bourse is being supported by some investors in index-linked counters but there are no fresh factors to pull the index out of
        AFP  -  354 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
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        2,990 words
      • Article
        Judgement call tough as L&M wrt price doubles in just one day
        203 28  -  WARRANT WATCH -By\ R Sivanithy WHO would have thought at the end of last week that L&M's warrants would double in one day. Which is exactly what they did yesterday, as punters capitalised on speculation that the company
        203 words
    • Article
      CLOB INTERNATIONAL
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      1,673 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        455 29 TMBWWirWI* VAUJC £000) mi Wtf tw m m a* p rjTTji Jirnrti i \tf\\ fotwi mHy 'tuw rotm. MAM AM TOTAL g? M Ml i f Sa i I i i i i IT i M i i 4 i Wf £22 C **T rrot/ot «i »t43 IISpF 24*90 bmiim
        455 words
      • Article
        MAIN BOARD
        4184 29 u L4*t OwU Ml n IM Cm A** w» u» mm tmmm *b no w» >nw i*r cv wi $3i ww ST 39 HWO ACE Djn»Mg40c -u m M 1U 17 H J M MS Ml UTS AWUSK 'OO IZZIwMM MS 12.0 U MMW A UK- 231 MS
        4,184 words
      • Article
        SESDAQ
        889 29 a a .rnr 5 s 5 a aii 104 7* 2000 *BRHH9>Sc Ml S70 94S 942 143 MS X0 4.0 0.1 NO (U vu 155 IS I m 2* no* U U OJ Mi 294 >29 SI 2051 AXJHMqt ?0c M M K ua an < mm U 20*1
        889 words
      • Article
        Untitled
        224 30 Stocks Vofcmw SingTel 15c 12,321,000 •Refcapacific Bh 9,571.000 Inno-Pac 20c 8.523,000 L&M Wt99 5,132.000 •RH8 Cap Wt99 4,763,000 •Inoovest Bhd 4,220,000 Lf M 50c 3,943,000 OCBC Foreign 3,851,000 Motung Inv NTS 3,825,000 'Magnum Corp50c 3,488,000 SlodB I OCBC Foreign 41,106,817 SingTel 15c 39,596,780 UOB Foreign 31,103,270 SIA Foreign 26,402,096 DBS
        224 words
      • Article, Illustration
        HOT STOCK
        68 30  -  -by Shiv Taneja CLOB-listed Landmarks closed two cents higher at 37.5 cents yesterday on a volume of 1.45 million, compared with its lOday traded average of 1.14 million shares. The counter is trading just off its 2 1 i year low, but investors looking to buy should wait,
        68 words
      • Article, Illustration
        Talk of foreign buying as blue chips see demand
        669 30  -  STOCK MARKET COMMENTARY Bank, property, Sing Tel shares in focus; L&M and Van Der Horst rally on takeover talk By R Sivanithy [SINGAPORE] Sustained interest in Singapore Telecom shares, a sharp rise in blue chips and a massive rally in L&M
        669 words
      • ON THE GRAPEVINE
        • Article
          Two in one
          102 30 WE HAVE all heard of Singapore ONE, the nationwide multimedia network that will link the country's homes, businesses and government departments. "ONE" stands for One Network for Everyone. Clever, huh? But check out this other "broadband", or very high speed, network in Canada. It's called CANARIE, for
          102 words
        • Article
          Equities on hold
          135 30 LOOKS like Citibank has had a change of heart (albeit temporarily) on European equities. According to a recent issue of its Citibanking newsletter, the bank said it planned to launch a locally registered unit trust investing In European equities In November. Well, since November has come and
          135 words
        • Article
          Imagine Indiana Jones
          127 30 LOCAL hotels are expecting less wining and dining this Christmas, what with the stock, property and currency markets all down in the dumps. But when the going gets tough, the tough—like Sentosa's Beaufort Hotel gets imaginative. It's organising a full-scale re-enactment of The Adventures of Indiana Jones
          127 words
        • Article
          Bloom amidst the gloom
          192 30 HERE'S a pleasant change from the depressing stock market chatter we all have to endure "In the present economic climate. A recent Reuters report fingers Rupert Murdoch's News Corp as a potential buy. Its stock reached a 29-month high on Monday as investors focused on the
          192 words
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      125 19 You are highly recommended for your service. s Thank you. We always go the extra mile t&serve jfou. I v-i flj w HIBI I MS I SHS MM mmhlw te SMI MHPI Ivrrsrty tm Bete*. At Singapore Comm. Cuttonm Sa«jfcrttan is our top prtortyTharearfiy we're constantly listening, and prompSy reading
      125 words
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      204 20 The Wholesome goodness off Winter Claypot Temptations For your festive celebrstion this W December, we offer 5 sumptuous W4\ set menus from for persons to $638 for persons. Delight in the fragrant aroma and wholesome goodness UEIIiJM|M of our Winter Claypot Temptations. Enjoy Xin Cuisine's Hong Kong Master Chef, Fok
      204 words
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      Page 21 Advertisements Column 1
      129 21 Nice to meet you gßßnH^Hn^nHHßHM^KHm|HHmmHHHnHnnflHnHHnHi^mmnM| I The name may be new, but our experience and Huls AG, the chemicals subsidiary of VEBA, has given expertise go back many years. Styrenix Kunststoffe us both a good foundation for growth and access to GmbH Co. KG is the polystyrene business of its
      129 words
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      Page 22 Advertisements Column 1
      85 22 ■p c When you rent a car to Impress, i don't depress your guests. Expect 'best value' when you rent from SINTAT! Flexible schemes to suit your needs and budget. Wider choice of luxury and economy Japanese and Continental cars to reflect your style. Assured on-time delivery each time, every
      85 words
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      Page 22 Advertisements Column 2
      45 22 Jm, Anniversary Celebration 17 Nov-17 Dec '97 j every 5 maincourses'ordered per table' Valid for iurich only i patara nne thai cuisine 2 STAMrORD ROAD. LEVEL 3 WE3TIM STAMTORD, SIMQAPORE (*****2) TEL: 339 1488 183 TAftQUn ROAD, #03-14 TAMQUM MALL, SIMQAPORE (*****3) TEL: 737 0818
      45 words
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      Page 22 Advertisements Column 3
      15 22 The Straits Times CLASSIFIED Where buyers and sellers meet Find someone to fix your T.V.
      15 words
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      Page 23 Advertisements Column 1
      108 23 to NwwUnli S*txc«tp>on. <npnpw Pim Hoklngi Ltd, WoOn® Cofnfiwc# Diportntint, N*W>CwN.S2 Gi*hi Um,Shgapora *****7 Fa*: +(65) 842 2902 E-mo* now*nfc«po*>n«.com wWi to appty lot NmMM. OrganMafton: N»«Mtßaiaiwi A <**»■. Country: PoatalCod* tac E-m* Contact p«non(Mr/Mr>/tta): < Job *—n»j u-> to*** D cchofc# 2) (Chote* 3) sut crf p n n
      108 words
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      Page 26 Advertisements Column 1
      51 26 »V lt CENEVE IMI It f master of Complications [L M SINCERE SINCERE W ATCH LIMITED: SINGAPORE \ctE OTWEI: *:;<N.IH \t\RIN X SQL \RE TEI: UH4INK. UCM PUZA TEI: T 4V»J StMEC C!T> MAIITEI: U* ".IVI MALAYSIA Kl PIAZATEI. 0!i J4l HUH STAR Hill SHOPPING CENTRE TEL 0! J4l ilh
      51 words
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      Page 30 Advertisements Column 1
      131 30 BUSINESS Notices TOWA TOWA ASIA-PACIFIC PTE LTD NOTICE OF CHANGE OF NAME Notice is hereby given for the change of name of TOWA SINGAPORE MANUFACTURING PTE LTD to TOWA ASIA-PACIFIC PTE LTD Registered No. *****2445 D Registered Office Block 4010 Ang Mo Kio Avenue 10 #01-03/06. Tech Place 1. Singapore
      131 words
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      Page 30 Advertisements Column 2
      338 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 Pursuit to Section 2*0(2 X*) QfINTEDC (NGANTHAVEE) TRADING PTE LTD (la Member*' Voluntary Winding Up) At Extraordinary General M*ciia| of ibo ibovniMd Coap-y duly wi ma< mi Mi on 2* November 1*97 the foOowag reaolutiona «m duly paaaed AS SKOAL RESOLUTIONS:
      338 words
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      Page 30 Advertisements Column 3
      292 30 LUCKSOON MDUBTNES (S) pre LTD (In Mambare 1 VotrMry Uquktaton) HNAL MEETMG Nolo* haraby gfcan pursuant to Sadion 308(1) of N Companiaa Act, Cap. 90 M a FM Maaong at Mambars of Pta abwa-rwnad Company ba hafc) m Bfc 1« Butt Marat) CanM NNM7 Singapora *****6 M 2nd January 19M
      292 words
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      Page 30 Advertisements Column 4
      61 30 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-1166 To advertise call toll-free 1800-741 1883 Can't 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
      61 words
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      Page 30 Advertisements Column 5
      342 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PRECISION MACHINING SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of PRECISION MACHINING SINGAPORE PTE LTD. duly convened and held at 585 North Bridge Road. •08-08. Blanco Court, Singapore
      342 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      306 31 Bridge News Reuters IT was typically sluggish Monday trading on the freight market as brokers assessed available tonnage and cargoes, brokers said. Panamax rates in the east remained at very low levels with no sign of any improvement in the short term. Trading was almost non-existent on the
      Bridge News; Reuters  -  306 words
    • Article
      MARITIME STOCKS
      239 31 SCS '000 8»2 002 76 Cosco fcwpftltNrt -0.76 FrtetettLMu 0.32 UMdl 89 MM** 0.30 undi 23 0.69 *0409 69 HKacMZoMfl 048 -OOI 79 IMC HX1H MR 5.6 Jmft Hotetaf* 0.49 -a009 20 JurmStepyard 7.79 -0.05 Kappte Carp 5.50 *0.05 821 KappdttLS 440 0.02 289 KappdMarte* 128 -CJOS H7
      239 words
    • Article, Illustration
      Lock icon Trained seafarers a strategic need for S'pore
      396 31  -  Minister urges S'pore Poly to be at forefront of maritime training Byy George Joseph (SINGAPORE] Singapore has a strategic interest to become an international maritime centre of excellence and this can only be achieved if the Republic has trained maritime manpower. Senior Minister
      FILE PHOTO  -  396 words
    • Article, Illustration
      Lock icon Back-breaking job
      61 31 [CHITTAGONG] Two men work at a shipbreakingyard in Bangladesh's south-eastern port city of Chittagong. Ships weighing up to 30,000 tonnes are brought here and the scrap is sold for up to US$225 (*****.25) per tonne. The shipbreaking business is a lucrative one with nearly 100 ships passing through
      AFP  -  61 words
    • Article
      Lock icon Teekay Shipping to buy two Australian Petroleum tankers
      299 31 It will also acquire shipping subsidiary Australian Tankerships Pty Bloomberg [NASSAU, Bahamas] Teekay Shipping Corp agreed to buy some shipping assets from Australian Petroleum Pty for an undisclosed price, expanding its business in Australia. Australian Petroleum, the largest petroleum refiner in Australia,
      Bloomberg  -  299 words
    • Article
      Shahi Shipping to set up subsidiary in Singapore
      273 31  -  Firm, with equity of $2m, will be involved in lighterage and bunkering operations From, Rajendra Bajpai in New Delhi SHAHI Shipping of India is setting up a wholly-owned subsidiary in Singapore with an equity of $2 million, its chairman and managing director
      273 words
    • Article
      Lock icon Britain detained 20 ships in Oct for failing inspections
      249 31 Bridge News [LONDON] Twenty foreignflagged ships were detained in British ports during October after failing port state control safety inspections, up two from September, the Marine Safety Agency said. In addition, 13 ships are still being detained from previous months. Of
      Bridge News  -  249 words
    • Article
      Lock icon Santos port at near standstill as strike continues.
      270 31 Bloomberg (SANTOS] The Santos port terminal, Brazil's largest, is operating at only 13 per cent of its total capacity as a dockworkers' strike stretches into its fifth consecutive day. Only three ships out of a total of 23 anchored in Santos, are
      Bloomberg  -  270 words
    • Article
      Hyundai, Halla merger likely as crisis rocks Korean yards
      729 31  -  STRAIT TALE By\ Seafarer RIGHT NOW there must be some worried owners wondering what will happen to the newbuilding contracts they have ordered in South Korea. Several of the country's shipbuilders are in deep trouble as the effects of the general
      729 words
    • Article, Illustration
      Challenging times at hand
      921 32  -  THIRD ASIA-PACIFIC TRANSPORT A LOGISTICS CONGRESS Congress hears how customers, competition and costs are set to alter the way companies operate in the turning years By. June Lim THE message from the 3rd Asia-Pacific Transport Logistics Congress came through loud and clear that customers, competition and
      921 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
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      334 words
    • Article
      SHIPPING GUIDE
      16948 40 EXPORT IT A ETA Advortbor Vmm* Voyaga TaMpKono ETA ETA AdvartKor VmmI Vov<4* 'll|SM DaC'n Kama N«y ff Wy*«f t SIN pwrw Kama Homo NwwBar NumBor A 04/B 23/B POL All* LA SEINE MR *5-*****55 •5/12 23/12 MOL LA SEINE 54* *5-2200** Tb ABIDJAN (ABJ) 2003 os/b 23/B
      16,948 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
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        639 words
      • Article
        CONTAINER SCHEDULES
        1165 47 WCCIYIWC OF EXPOKT Fa COMTAIMERS AND La CAICO *T m/m Nrm fnm U frm ta uk »snm a tunm mam ham a mm mm mm a ham mot mm mm mm mot 4 tvew mot mm S" WM* 5 mm mot mm MAM MOT MM a WW MM
        1,165 words
      • Article
        GLOBAL HOLIDAY
        187 47 Dm! UAE Dm S Ghana Thailand: H.M. The King's Birthday. Dnl Finland, Spain Dm 7 QiAa, Italy (Mjlan) Dm I Argentina. Austria, Brazil (some cities), Chile, Colombia, Italy, Panama, Paraguay, Peru, Portugal, Spain, Switzerland (some trees) Dm M Thailand: Constitution Day DM IS Kenya. Mexico. Russia Dm IS
        187 words
      • Article
        COCKETT BUNKER MARKET REPORT
        799 47 THB nsport. coaplled by Cocfcett Marine OU Ltd. shows price ranges in US dollar* Instead rf*a§>rtw>fiMwiiM«lMlna ealption at the narlut Prices shown art b—d on nirni slsed ■teat Mart* ammmi indicated The Cockatt Bunker Prtee Index chance and the Individual change* la the oohnaru are baaed
        799 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        327 47 S"*? m» u itj 0.10 sc ojm mZ1 —*T I MO«*ME2S 2 > 2 0 0 0 %m mtm OJ 12.4 0.07 34 0.02 ■Mn %«/w %M i JHEZ 2T*H»635 "7 0 V Vl 1 "o s#^,cU-h £2 2 5: w »k®5 55 £i —M 24
        327 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Region's aerospace sector will expand: Mahathir
        470 48 S-E Asia will become more attractive with fall in currency values, he says at opening of Lima '97 AFP [LANGKAWI] Malaysian Prime Minister Mahathir Mohamad opened an international air show yesterday and expressed optimism that the region's aerospace industry will expand on the back
        AFP  -  470 words
      • Article, Illustration
        Lock icon Ford, Jiangling Motors launch passenger van
        222 48 AFX- Asia [NANCHANG, China] Ford Motor Co and Jiangling Motors Corp have launched a new passenger van, China Transit, jointly developed and produced for the Chinese market. "Manufacturing the China Transit marks a major step forward in Ford's commitment to become a participant in
        AFX- Asia; REUTERS  -  222 words
      • Article
        Lock icon Union Pacific says traffic woes almost over but critics sceptical
        452 48 Reuters [DALLAS] Union Pacific Corp told federal regulators on Monday it has cleared up the huge logjams on its railroad system but some of its big customers said they were far from impressed. The nation's largest railroad said in a
        Reuters  -  452 words
      • Article
        Lock icon Mercedes eyes deep pockets of India's elite
        181 48 Reuters [PUNE, India] German car maker Mercedes-Benz's prospects in India are good thanks to the growing wealth of urban Indians who have developed a taste for luxury items, a top company official said. Demand for premium products has grown in the period since
        Reuters  -  181 words
      • Article, Illustration
        Lock icon Airline industry aims to halve number of accidents
        418 48 Improving safety record is hte's most important objective Reuters [LONDON] Faced with the risk of one accident a week as air traffic soars, the industry aims to halve the number of air losses by the year 2004, International Air Transport Association (lata)
        Reuters  -  418 words
      • Article
        Air India, Sats identify areas for joint ventures in India
        337 48  -  From Rajendra Bajpai in New Delhi AIR INDIA, India's international flag carrier, and Singapore Airport Terminal Services (Sats) have identified four major areas in which they believe they can work together. Ground handling services is one such area and a
        337 words
      • Article
        Lock icon Honda making sports utility vehicles in Thailand, Philippines
        295 48 Bloomberg [TOKYOJ Honda Motor Co said it started making sports utility vehicles in Thailand and the Philippines at a time when Japanese car makers are scaling back operations in South-east Asia. Car imports to Thailand and the Philippines have become more expensive
        Bloomberg  -  295 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1379 48 otr fumt m maw en w m» urn am mmm mm m mm ma rmin mm w mm m» mm* mm w rum msm m AMtortM $0327 0120 S032I 2330 —MMWC COM 2036 MB— Ml IM VK741 1310 ****** 0905 tocUm* N242N 2045 4242(5 2045 S0T75
        1,379 words
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      802 32 I 11 j WfffT OCWVt i *Wf IttW WW UOM Ml mMiOK MY HKOdTT iv 1 fviiisa "wr I Mil— MMKMI mw tssw a/n M/n a/ii mm »/n 11/11 a/ii n/n a/ii m/u oi/oi BP lIW>I IW> «/u m/»i m*i m/»i u/»i SSS.M. IJK! !i£2 <*» 0m »/ll 11/11 m/H
      802 words
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      Page 32 Advertisements Column 2
      57 32 BStttittti captrans shipping ltd WEEKLY SINGAPORE CALCUTTA HALDIA SINGAPORE VWft ENVOY IOUTVOT CALQJTTA MNOAOOftI CAI ISTEAMEBS FORTUNE 1028 07/12 13/12 STEAMERS FAITH 001EB 002WB I 04-12-97 16-12-97 VUNAIMA AMMTSi Sm Dragon Shipping Agencies (A Division of Jordine Motbeson (Singapore) Lid) 1 Maritime Square *10-46, World Trade Contra (Lobby D) Singapore
      57 words
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      Page 32 Advertisements Column 3
      390 32 Singapore Shipping AMocabor ShipplngTtmfr^ Ju« talk IP U* Iris Lim 740-2044 Jairod Leonf 740-2089 Ulli Iff" 111 laiow «w an mi "'lanltin ,7g fcj ffij taimmm mi an nn mil an I SB ilii an *n *15 505 "5 mil an mi {In nn all an gSL, g—*;» -aa. >«
      390 words
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      Page 33 Advertisements Column 1
      982 33 TO EUROPE FROM EUROPE [rosa w sm rw ham nv soil lbT; Ivcsa vor m mm w sou in pig sm ooqmwn tw is/12 21/11 23/12 »/i2 27/12 nbuovdmkm *44; 13/11 11/11 is/11 03/17 04/12 LASCM $417 M/ 12 2S/II 23/12 27/12 LA LOW *****4/11 11/11 21/1122/11 01/12 ooartMa mv
      982 words
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      Page 33 Advertisements Column 2
      1537 33 OHANJIN SHIPPING imwar mw m mnmrnr "m\mf-o. I wr I pw wtc fry m -H.ww tut H/n u/n *n*_ W" a/11 J!Z!L_ ,l/! m/m n/n n/n 11/n w/n la/if" n/11 a/11 n/n n/n kouwmowsi is/n_ m/ii_ n—swwi/tai w/n n/w n/w n/w m/ii m/ii M /n m/ii IwlyjT n/n |n/n M/n
      1,537 words
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      Page 33 Advertisements Column 3
      91 33 IfSWY] ORIENT EXPRESS UNES (U.K.) LIMITED iIPJ, (MANAGER FOR SHREYAS SHIPPING UMITED) I_WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VKSIL VOY SllWOif BOMBAY VtSSil VQT BOMBAY SWGAFOftf AIBEET BRIDGE 006 05/12 14/12 ALBERT BRIDGE 007 26/11 06/12 NO(gXAP 420 06/12 17/12 NORDKAP 419 26/11 06/12 tq 6A 220 12/12 21/12 SMAR TQ6A 219
      91 words
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      Page 34 Advertisements Column 1
      1422 34 <gr DSR-SEMATOR in Round the World Container Services TOUK/CONHNBNT j FROM UK/CONTINENT wna wt bim I mit |ww fu um Imaa Ikh um mlmm| mm I ham m HMUHSCATTIf WF7I2 Hit 27.12 Sll Ml 2 ail Mll *I*l CNOTMS SLOKT SIM M.ll *11 1111 U.ll 1411 Nl2 NMUMWUMBTOM MT7U Ml
      1,422 words
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      Page 34 Advertisements Column 2
      1097 34 MY LJNE YML ln eme< *•*> BNa http //www.ymLoom.tw EEMmMiEimimmmimmsmEmmim vma mmLy thmmy«MMY VtSSEL VOY Ml CM RIM MM FXT LEH AMR PAX A74BW 05/12 09T12 28/12 26/12 2V12 28/12 HUMBfR BRIDGE J74BW 07/12 27/12 28/12 2*12 30/12 GIBRALTAR BRIDGE A749W 12T12 18/12 03/01 01/01 31/12 05/01 MING WEST J749W
      1,097 words
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      Page 34 Advertisements Column 3
      582 34 LINK 9ST mi MMMI Nub smimt MUARA LABUANj msa vor n» m msa vwr n» m STOW MUAAA STOW IM afmguxy v*/i7 14/12 41/12 afmguot v*/47 44/12 o»/12 jrtosm vm/97 i«/u 11/12 jfiosfb ytk/v m/tc m/ 12 m gu*t vw/97 u/u u/it Maiaarr rsu/v M/ 12 11/12 ifmsfb vm/«7 19/12
      582 words
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      Page 35 Advertisements Column 1
      755 35 Baa— sr.,*, a., ir* I™ ir* ir iy ir ift„ m MRMTIVPOUN PJL-1260 18/11 M/i1 MAN MOWN PJL-IW2 02/12 11/1t 13/12 ACCEPTIN6 CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. A2AMAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIR6ISTAN. TAOZHIKISTAN A GEORGIA VIA I. A—AS. UK A6ENT ti SWGAPORE AGENT
      755 words
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      Page 35 Advertisements Column 2
      975 35 I I COSTm SNIPPING PTE LTD #17-M MS HM UlB/NfiS 4MSMI/41 RMMD DOT *****15 COSTAI AfifMCIES (Ml IBM tHB Sag 1 f»~l" W K X II I a Ml M W NK [v~] I^^^TlTll $1 7 11/11 IVtt If/II |7/|| m/ii |4/)4 I 52? jl% 22! 17/11 Mt w% wiiwii
      975 words
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      Page 35 Advertisements Column 3
      363 35 LOADING FOR KMTnANO/HNIUUI/MH I lAIM CHAMNO/KUCHMO/ MV 'DAISYT-VIA MUARA/KOTA KMAMUJ MV *<VAM BIIM* UJ*A ETA SN 28/11/97 ETA PKL 30/11/97 c^-zTTL ETA BTL 04/12/97 ETA Mill Oft/12/97 ET* SN 28/11/97 EIA 13 01/12/97 EVk KUC 04/12/97 ETA MUA 06/12/97 ETf KXU 07/12/97 PORT (CLANG/JAKARTA/SURABAYA PORT KLANG/MUMA MV 'SMHNO IKADOt* V.19
      363 words
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      Page 36 Advertisements Column 1
      671 36 IMP M Ml HN W S LM LHV Tlf RDM WW HN PU MP lnminhh tat am atria am aim 2*12 aam i aMoupw-m aim wn arm aa/11 am ■I nm mmh ram am nm aa*i aa*i m*i run e iumowk-w- am ivii 11/11 aam um E MimnHN 11*121 a*tl
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      Page 36 Advertisements Column 2
      1009 36 vtSSII VOTMI WWUtNOMMIIIWTM msa VOVMf DM JOA AM DM MM MP B wmcb ommu 04/12 ivii 1*1215/12 14/12 17/12 17/12 17/11 mcohcixo mi-mie 21/11 tj/ii 74/11 ts/ii 7*ll ot/12 B ImmS MMR 11/1} 71/12 71/17 77/17 23/17 2*ll 74/17 I*ll MM M7-MK 30/11 10/11 M/II 07/17 M/II IS/11 B AMo
      1,009 words
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      Page 36 Advertisements Column 3
      228 36 /CZ NANTAI LINE REIT (OWIWISP SaVKITO NAUtfTIIS SOUTH AHKA waa wt mi Fti or yw mmma w »/II m lVn tmmm w ivii vii wn Iwrnma lim «/ii IMI I iyw ■—IWK IMS MI iw 1 it/>i IWW 1 H/K tmimaa |im |mi |M*| M* NORTH EAST ASIA SER VKX
      228 words
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      Page 37 Advertisements Column 1
      366 37 WML MYANMA \BBBk FIVE STAR UNE (Mf —I NmNomml Um) LMdhf fw TwfM (iMfHI) vtssa vot SM m nn m iomu «w sio mm m mil ML M W-OJ-1417M1 ML Ml W-4VJ7MIII rm m n-M-MiMM rm m n-n-nuni/i BANK LINE (A wwkt W Jbirtw Wfcfc S%yN») I NorrmouNo to ukc
      366 words
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      Page 37 Advertisements Column 2
      863 37 HYUNDAI I MERCHANT MARINE CO. UP. ivcsa m ar a|ra|wtlma 1 m> 1 w ivtssa. voTiiM^i^MluiU^^nyr^MtTii^^M NTNMMB MM N/11 M/ 11 M/ 11 M/ll M/ 11 n/11 11/11 NT EMPMM MM 11/11 IS/11 IS/11 11/11 17/11 M/ 11 17/111 "**■<* "2 »/ll SI/MI n/01 M/ 01 M/ll M/ 11 17/11
      863 words
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      Page 37 Advertisements Column 3
      518 37 (j£ FAMOUS CONTAINER LINES JIBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 g/ HOT LINE: *****33 (30 UNES) DAILY SAILING TO v MiHn m I Vh I 1 1 H b I fIHBS ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PR 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 UNES)
      518 words
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      Page 38 Advertisements Column 1
      668 38 lANOKOK/LA«M CHAIANO "1 JAKAHTA/FAMJAMO VOV BIN BKK LCH VCBOKL VOY 8M JKT PJN BAMIBHUM** 74W JnP» 06/12 07/12 XETHA BHUM 2206 04/12 06/12 I MNO OCCAM OCNOS3 In Pt 08/12 XKTHA BHUM ***** 08/12 ~00/i2~ MATHU BHUM 383N In Pt 07/12 AHAH BHUM* 686 08/12 00/12 MATHU BHUM 363N6 04/12
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      Page 38 Advertisements Column 2
      83 38 1 LNS EXPRESS I 1 (S) PTE LTD Blk 217 Handarson Road, #01-04 Handarson Industrial Part, r StoQapora *****5. CH MO: **********C/H f Air-Soa International Freight Forwardorc ft MUARA 1 Also accaptlng Hoavy Lift A Projoct Cargo Trt:6s-2767W6 Fix:6s-*****401 y% rvA^jr* *****133 ETA SIN V DUBA] 01/1257 17/1257 15/12/97 >
      83 words
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      Page 38 Advertisements Column 3
      439 38 I PUL INTERNATIONAL i jfill 1 SWUIAWISI6S/W I g| I |»te|fflp« MUMigMIMI w Wiar ]W W™TW| I SIMAKAM6 2 SUS/WI j !«IS/IITSI 5/M|!« |sBsnB™*M* M M-lsj OKI 14/ly| yS I |*/'f »/n 1| I WUWMHSMS/WK I JLu —I —I 1 fli I H/'i IMi jiy» |tii ny» II HMHMMWI SUAW
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      Page 38 Advertisements Column 4
      687 38 A ACCORD A SHIPPINO PTE LTD HI *****119 (40 LinM) PAX: *****30 MKT BAM (U)tvmi Mm Wk OWfCT ACCISS TH.: *****55 (KXPORT OOOOONO) MfIIMMM ft7)JM 1J77 v.. *****34 (IXFOET DOC), *****30 (UWFOET) WHW mtm 144$ U«t:HTTF;//WWWJkCCOHD.COM. SO jMUfli (Jl)44ttT7t VAA# EOtT B SIM POtT nA SIM jtW ffA SW POtT
      687 words
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      Page 39 Advertisements Column 1
      372 39 INDONESIA NATIONAL LINE TO EUROPE gxp^B T t^ AiMP mMWVlC m VOT INK A OAM/H DAM N'MWt MCMfM ANTIA A.WtttL M/ri 1451 OiMT 17/1 TO AUSTRALIA FULL COWPMHWI SKEW* m wr_ WlB m m rmi mr| mm! wl humi im wßwn imm tm mu FniHßi mm iv» tyn 2*ll «5i
      372 words
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      Page 39 Advertisements Column 2
      581 39 Jr asSSSOf f PACIRC INTERNATIONAL UNES (PTE) LTD SSSSS *Jb 140 Cecl Street, #03-00 PIL Building, Singapore *****0. CRNO: **********06 IiTCT s Sir c bpHp I i if jf I I |i] ff" *h*lgit nal* f I- Bfe i#w if I 1 I I i B=j=| auo Atopies ran sudak.
      581 words
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      Page 39 Advertisements Column 3
      686 39 lll^n§aHl ¥rWlri n w JB) POD LEH HAM HTM THP ZEE y^vrMou«M UM«> 11/12 avia 5m atTia aSoi £&r~ WItOtTMWI A23W Wtt WU itftt CWM MPI OMI O&OI OMI wmoiwffMß uaw *vt2 31/12 oaoi iaw imw i«di woi isoi <mOIMOWM> NZJVt/ WW 1701 3WI 2MM S&OI «MH M/ 01 OOtOMBO
      686 words
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      Page 41 Advertisements Column 1
      41 41 To retrieve more schedules, just follow these simple steps... document 740-6000 tep the port your Step key in the four number digit code Key in your Exampte: r-L. fax number To NEW YORK (NYC) 2275 for calls within Singapore United States
      41 words
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      Page 43 Advertisements Column 1
      341 43 SIN© IXPRKSS SHIPPING //—< 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI 8 (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) ypsa VOYAGE ETA SINGAPORE ETA HON6KOHG ETA SHANGHAI 6000 WEU. 9722 28/n Q242 07/12 Jffll 2Ztt OS/12 09/12 ***** JiiSl 2Z3 ***** m 21/12 mam m
      341 words
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      Page 43 Advertisements Column 2
      201 43 SKEffttSSo R KELAMQ: (OS) M ***** JKIi (21) MOSIO7 MDN; («1) S44tt3 T USA/JAPAN MV "EUROPEAN EXPRESS" V.151M MV "SEVEN SEAS CHARIOT" V.631E ETA SIN: 5-12-97 ETA SIN: 7-12-97 ROTTERDAM/HAMBURG AUCKLAND MV "HANJIN WILLMINOTON" V.OOIW MV "PRESTIGE" V.2BS ETA SIN: 8-12-97 ETA SIN: 13-12-97 FREMANTIE SHANGHAI MV "BUNGA BIDARA" V.401
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      Page 43 Advertisements Column 3
      125 43 HOPCI 12/12 htarVßdrrVA»WßrnnAJK I SAMM FORTUNE 04/12 NarvßcfrTVAlvwßmrVUK I ■nanc oe/12 IMOWHK 1 :ST 25fit NarvRdnVANWBmnAJK 1 Low* E7W. Mrta>«a. InrtinaaH 1 ■CENTAURUS Hodaidah/Jad(fc*VAqtfM/Alear<a I ■GORGOS CXjbat/BarravVDarnrnarVKuwatt ■PAN FORTUNE 1 ■XI MAI 3 HBEKIR KALKAVAN CX*«t/A.Ohf/PaftrafcVOamnria^<u»—it I IflHi ahgapow, E7W. I Irtaj ila. Inrtnnaala I UHAnoMNMOriNVCMnM I NorWMCamdan 1 LoaAngal»a*ia»
      125 words
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      Page 44 Advertisements Column 1
      1058 44 i——SAMUDERA SHIPPING LINE LTD I —BP— 15 McCALLUM STREET *03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 C« M. **********11 IQOKIiBt GALL DIRECT LIME: *****41/43 JESSICA/CELIA/MEI CHAN hHBMHHHTTrj7IT^V7TITVi7iTTrTITTT7TTTiTITrTSHHBHI 7 SLOS/WEEK *****881 3slgs/WEEK pmiir fvw —m PSR iivessb. ivoyiw mm SNARNUSA UTS TRTT 06/12 (SAT)
      1,058 words
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      Page 44 Advertisements Column 2
      334 44 r\-, NEWARK SHIPPING AGENCIES PTE LTD I 48-A Campbell Lane, Singapore *****1 s CHTTTAGONG I W BOMBAY 1 CALCUTTA J! NHAVA SHEVA u Wt 1 COLOMBO A a* MADRAS P DURAI/JEBEL ALI 0 TimCORIN pj a* COCHIN E m KARACHI MALDIVES ALSO ACCEPTING ICD DELHI, KD DHAKA CALL: (65) 294
      334 words
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      Page 44 Advertisements Column 3
      505 44 SIN FAR EAST 07/12 KEELUNG/KAOHSIUNG 07/12 BANGKOK 08/12 manila/cebu 07/12 JAKARTA/BE LAWAN/SURABAYA 07/12 PORT KELANG/PENANG/E. MALAYSIA 02/12 BUSAN 07/12 TOKYO/YOKO/KOBE/NGO/OSA 07/12 HONG KONG SIN CHINA 07/12 GUANGZHOU/HUANG PU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/OINGDAO/HAIKOU SIM EUROPE/UK 08/12 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 02/12 LOS ANGELES/NEW YORK all
      505 words
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      Page 44 Advertisements Column 4
      441 44 Singapore Soviet Shipping Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG SE ORIENT CORD 100N 00/12 17/12 20/12 30/12 HAIXIONO HXQOOO 10/12 23/12 04/01 00/01 KOTA CAMAYA CAHIOO 22/12 3QTI2 12/01 14/01 TRADE FAST TFB2OO 27/12 04AM 10/01 10/01 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA I
      441 words
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      Page 45 Advertisements Column 1
      1216 45 i ASIA MEPfTERRANEAN EXPRESS (AME) WESTBOUND SiWVKII VKSfI IYQY I I CMB I PW I G€N 1 BCN I L£H 1 AN« I Fil MSCSQfHIE 9747 3 Q4J2K 10 dec 19 dec 21 dec 23 dec 26 dec 27 dec 2a dec MSC MARTINA 9748-3 11 DEC 15 DEC 24
      1,216 words
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      Page 45 Advertisements Column 2
      1220 45 Ivgsa mmsr tntmr vm mm urn un I I w \nm swm! mwm! —1 I ■«-1 mo lirrrixLmJ (XL MUM 1417 Mil HIl ts.ll Mil HI) 27.11 11.11 MHMUM M 47 11.11 mi "I I I Elf "mw mm "nit oanuna m«7 mii mii mi mi mi mi mi m.wmm
      1,220 words
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      Page 46 Advertisements Column 1
      485 46 I VESSEL VOY SIN MAA SIN I TIGER SLANO SB6N 03-04/12 08-11/12 IS-WI2 TKjERBROGE 586N 06-C7/12 11-IVI2 18-2W12 E TIGCR BAY 587N 08-KVI2 14-18/12 22 ZVI2 TIGER WAVE SBBN 13-14/12 17-2CYI2 25-2*12 1 TKSERISLANO SBBN 15-14V12 20-24/12 28-23/12 i TIGER BWOGE 680N I»2»yi2 24-27/12 01-02/01 IVSEL^^^WY^Sl^^calsi^l TIGER RIVER 304CN8 044*12
      485 words
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      Page 46 Advertisements Column 2
      544 46 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapora *****1 Tal *****66 (60 Linaa) Fax: *****33 E-mail: flesin@singnet.com.sg LCL FCL SERVICES FROM SINGAPORE TO SOUTH AMERICA BUINOS AIRES (BUI)/SANTOS (SSZ)/VALPARAISO (VAP) ETP SIN Etd BUE Etd SSZ Etd VAP Ever Ally VO2OB-006W 17/12 12/01 CSAV Singapore VOO4W 17/12 17/01 CSAV Hong
      544 words
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      Page 46 Advertisements Column 3
      65 46 PROTOS MARINE PTE LTD 101 Upptf Cross StrMt #04-11 People's Pork Centre Singapore 0M387 M: 536M31 fox *****57 Singapore TO Sftvia I MONDAY TO HtIOAY tf THE amtm THUMWAL 1 row w m w M.V. FUUI '703 M/IJ/17 04/11/17 HVRlftl '70S 05/12/17 05/12/17 we went eoe—» ee '[..LMiiea- una, mewi/
      65 words
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      Page 46 Advertisements Column 4
      863 46 n m 1 000 tSmqopof) Pte lid CFS KeppelTilt^jT^HSS^T^^qba 79 Amm ltd #21-04 (S) *****4 MSI3MM2S I mmky CI N**********00M 1******27 v W A lit *****13 221 3942 Hx: 272 7t2S —«t« M»«KA WA/camam Q ummi' TOWS* I SCf SfO |OUI 01 HfM j DTC MTMMM „9, f«DI FV AlUottAo2of
      863 words
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      109 47 LCGCNO; Thundarttorm T«mp«ratur. c A y Showr W«othar _X Wind dr»ctiort with ip««d in knot* ••Rain O Cloudy Sky Wav W" Sarfm n* or. «dk»t«d by arr*wi wMcfc wi* «w «M On. hJ Crete rtprttmn cakn or fi*« and «ohabh ww*h uOmM fWch* rtprMnti 5 knot* L- On. hJ ffech.
      109 words
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      48 48 FAR EASTERN FREIGHT CONFERENCE NOTICE TO SHIPPERS As a result of Quarterly Review of bunker prices, the BAF from Asia Westbound Rate Agreement (AWRA) will be increased to: USD 14.43 28.86 0.72 per 20ft 40ft LCL for the period Ist Jan 1998 to 31st Mar 1998. FEFC Singapore
      48 words