The Business Times, 9 December 1997

Total Pages: 42
1 42 The Business Times
  • 12 1 The Businesstimes MITA (P) 023V12/90 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, DECEMBER 9,1997
    12 words
  • 51 1 U roM (+11.21) D 55^+20.41) MI mimrnwt E£* wMwuMEtmmm Monday Ctmm MM POMP —1714? 4«J7 WOUa MJSL67 *»i HANQSKNO lOaJ4_^l«J4 SW INDEX •>.* **'*> +13.83 JAKARTA COUP 42JJI MANILA COMP U&7J1 *«7.K .TAffHWW M*!7_*WaU SEOUL OOMP IRS -*M CL8A CHWA B —IJ87.17 famiL ORD 1M7.9 >IM 13ma EST
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  • 46 1 It. uh—um m MM—tin TWlli MW IMt fl» tlrt 0.449 I m in—IM BART MM MM JttJPUH IN MM MN .fauulcnsp i r~i£ tUMLA ilM HONGKONG U$ wru~. in SYDNEY. LM Mnro SEOUL —12.75 am MftiDON ut ?gWY#> U» *AMn#«ri3lMka. -Flat* ewhilbMlHtoawtreltt Source: NatWest Bank
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  • 471 1  -  By Clarissa Tan [SINGAPORE] Singapore's all-out bid to revamp its financial sector was fleshed out in greater detail yesterday, with the forming of three separate committees. The committees are on corporate finance, the stock exchange, and banking disclosure. The committees were created by the Financial
    471 words
  • 1060 1  -  Anwar announces more belt-tightening measures, including pay-cut for ministers By. Meera Tharmaratnam in Kuala Lumpur THE Malaysian stockmarket yesterday ran up its biggest in-tra-day gain following the government's austerity package on Friday and further belttightening measures yesterday, with the benchmark index soaring 11.4
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  • 1066 1  -  Only two allowed to continue; markets cheered by news From. Harlah Mehta in Bangkok IN a belated clean-up of its troubled finance sector, Thailand bit the bullet yesterday and permanently closed all but two of the 58 suspended finance firms, sending some 16,000
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  • 756 1  -  Froml Neil Behrmann in London THE Union Bank of Switzerland and Swiss Bank Corp yesterday announced a megamerger which win create the world's second largest bank and the biggest manager of private funds. The combined assets of the new bank, to
    REUTERS  -  756 words
  • Page 1 Advertisements
    • 124 1 IMHIDB i I i i ssi t iss 1 i i H Hi I I m I At test 16 people died when fire gutted the top floors of Bank Indonesia's new building in Jakarta, M«w Redas chief Redas has elected Daniel Too aa its new chHlrman to replace Heng
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    • 90 1 STII opens with a bang EXCEPT for Tokyo and Seoul, regional stock markets were off to a roaring start this week, with Singapore and Malaysia leading the surge. Singapore's benchmark STD ran up one of its strongest gains since the regional market turmoU, surging 2.3 per cent to close at
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    • 46 1 ALFRED DUNHILL LONDON The New Millenmi m Watch f" 'i y*- Ski?- Jf i > Tf; v -c. K ]r :P r V VISIT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY, SOGO RAFFLES CITY, DAIMARU LIANG COURT AS WELL AS SELECTED WATCH RETAILERS. \<\
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  • SINGAPORE AT HOME & ABROAD
    • 428 2  -  By Ang Wan May THB Real Estate Developers' Association of Singapore (Redas) has elected a new president to replace Far Bast Organisation executive director Heng Chiang Meng, who resigned on Friday. The new chief is immediate past president Daniel Teo, managing director of
      428 words
    • 395 2  -  S Korea net expected te have devastating impact on S'pore By Benjamin Tan ECONOMISTS in the private sector generally are sticking to their growth forecasts for 1990, despite the move to review the official outlook in the light of recent developments in South Korea. Their
      395 words
    • 297 2  -  By, Jennifer Lien MANUFACTURING growth moderated to 6.4 per cent year-on-year in October, down from September's torrid 13.8 per cent. The slowdown in the industrial production index for October did not suq>rise economists, as it matched the moderation in October's nonoil domestic exports
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    • 453 2  -  Byi Larry Wee EIGHTY per cent of Singaporean managers think that their working environment has become more stressful over the past two years, the highest percentage of 1,000 executives polled in a survey of six countries by Reuters. An average of 65 per cent of
      Source: Bloomberg  -  453 words
    • 300 2  -  EYE ON THE ECONOMY Electronics By, Jennifer Lien HOPES of continued strength in US new electronic component orders were somewhat dashed last Friday when October's figure fell by a seasonallyadjusted 3.5 per cent year-on-year. Bullish sentiment was generated after July's 17.3 per cent decline was
      Source: US  -  300 words
    • 242 2  -  By' Teh Hooi Ling THE services sector generated an operating surplus of $24.4 billion in 1995, up from $21.9 billion the previous year, according to the Department of Statistics. Operating surplus per establishment came to $506,000, it said in its &onomic surveys series report on
      Source:  -  242 words
    • 245 2 NTUC Fair Price has managed to exceed 1997 sales forecasts despite stiff competition from newcomers Tops and French hypermart Carrefour, its chairman S Chandra Das told a briefing yesterday. However, the cooperative's profit margins have narrowed due to falling prices caused by competition, he said.
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  • FOCUS: PROPERTY
    • 652 4  -  THE PROPERTY COLUMN The only question is when, but given the circumstances, it looks likely to be sooner than later By Lee Han Shih WILL there or won't there be a price war among housing developers? The answer has to be: Yes, of course there
      652 words
    • 438 4  -  Buyers said to be attracted by project's proximity to river and realistic pricing By] Diana Oon [SINGAPORE] Private developer Ho Bee seems to have struck the right balance in pricing and product, if the response to its recentlylaunched Riverina project is anything to go by.
      FILE PHOTO  -  438 words
    • 143 4 [SINGAPORE] The Urban Redevelopment Authority yesterday awarded a small commercial site at Syed Alwi Road to Mustafa's Pte Ltd for $14.35 million or about $650 per sq ft per plot ratio. The land tender, which was launched in late August, closed on Nov 19. Mustafa's
      143 words
  • Page 4 Advertisements
    • 327 4 INDUSTRIAL PROPERTY FOR SALE BY TENDER 13 JALAN KILANG TIMOR I I (OFF JALAN BUKIT MERAH) Land Area Approx. 120,000 sq ft Built-in Area Approx. 135,400 sq ft •Tenure 99 years w.e.f. 1 Jul 1962 Zoning Clean Light Industry Plot Ratio 2.5 Main road frontage Easily accessible from CTE, AYE
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    • 97 4 su Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another gVj Classified Icatal Service 'SmPP Qss there anyplace south afj ®fik. *9l (<ptona (zpioncf to get authentic Cantonese cuisine? (9fj course. Sauour the exquisite fkiuours of traditional Cantonese dishes, prepared by our
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    • 100 4 A 7-Storey Modern Warehouse Building With Attractive Aluminium Cladding Facade lfkM-Mftrl Lettable area per lKS|l|i ""lljffl Am P^^basement Sota Uvkmtng Agant Jones Lang Wootton Tat: 220 3888 FOR SALE BY TENDER CLUNY COURT \V\ Description 7 commercial units on o*~v\\ [f~ levels 1& 2 approved for fij retail, restaurant, offices
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  • MARKETS IN TURMOIL
    • 411 6  -  Japanese yen falls through the key support level of 130 against the greenback By\ Larry Wee [SINGAPORE] The Malaysian ringgit strengthened almost 10 sen, or 2.7 per cent, to a high of 3.6450 in Asian trading yesterday on the back of
      Source: Bloomberg  -  411 words
    • 428 6  -  Bakrie persuades Mar'ie to join US leg of planned tour From S N Vasuki in Jakarta JN A coup of sorts, Indonesia Chambers of Commerce Industry chief Aburizal Bakrie has persuaded Finance Minister Mar'ie Muhammad to participate in the US leg of a
      428 words
    • 235 6 AFP [JAKARTA] Indonesia's finance ministry has entered the final stages of merging three out of seven state banks, a report said yesterday. The three were Bank Bumi Daya (BBD), Bank Dagang Negara (BDN) and Bank Expor Impor (Bank Exim), the Media Indonesia daily
      AFP  -  235 words
    • 273 6 Bloomberg [KUALA LUMPUR] Wing Tiek Holdings Bhd, a Malaysian steelmaker controlled by businessman Joseph Chong, has defaulted on loans with certain banks, said Rating Agency of Malaysia Bhd (RAM). Wing Tiek also "had several other banking lines frozen as the group had
      Bloomberg  -  273 words
    • 404 6 ItH decide on need for Renong general offer after shareholders ratify plan Bloomberg [KUALA LUMPUR] Malaysia's Securities Commission (SC) will wait for United Engineers Malaysia Bhd's (UEM) shareholders to ratify the company's plan to buy 32.6 per cent of its parent Renong Bhd,
      Bloomberg  -  404 words
    • 468 6  -  Index expected to close at B£oo to 9,000 points by year-end From Bruce Cheesman in Taipei THE bulls are making a comeback on the Taiwan Stock Exchange. After a more than 5 per cent plunge in the market last Monday following the ruling
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    • 241 6  -  From Neil Behrmann in London LONDON brokers specialising in Malaysia caution that investors shouldn't chase prices in a panic. Brokers who didn't wish to be named said yesterday: "There was a buying panic today, particularly from foreign fund managers who were underweight in Malaysia." But
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    • 759 7 Seonlbank and Korea First Bank announce plans for govt to take majority stake in them Reuters [SEOUL] South Korea yesterday began life under an International Monetary regime with a flurry of takeover announcements in the banking and auto industry following another
      Reuters  -  759 words
    • 580 7  -  ASIAN CAPITAL FLOWS SYMPOSIUM We have enough funds to support members, says IMF deputy MD Reports by Anthony Rowley in Tokyo THE Asian financial crisis is part of a "crisis of global capitalism" that could recur anywhere else in the world and
      580 words
    • 333 7 CONCERNS about the state of China's banking system and whether the Chinese currency will have to be devalued are a major factor behind the reluctance of international investors to begin bargain-hunting in Asian financial markets, said Rudiger Dornbusch of the Massachusetts Institute of Technology here
      333 words
    • 449 7 Finance One to go under despite two foreign rescue offers AFP (BANGKOK] The firm which was once the leading light of Thailand's booming finance sector. Finance One pic, was one of the 56 firms to go under yesterday despite two rival foreign rescue bids. The
      AFP; REUTERS  -  449 words
    • 259 7 AFP [SEOUL] Prosecutors yesterday arrested four South Koreans connected to a Hongkong foreign exchange dealer and charged 22 others without detention in a crackdown on illegal foreign exchange speculation, officials said. The four arrested included Oh II Rang, 59, who is head of Daehae
      AFP  -  259 words
    • 348 7 Some suspect fignres to highlight seriousness of issue Reuters [TOKYO] Financial analysts said yesterday they were surprised by a report putting the total amount of problem loans held by Japan's banks at a huge 79 trillion yen (*****.1 billion) and
      Reuters  -  348 words
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  • Page 7 Advertisements
    • 90 7 PRIME OFFICE SPACE FOR LEASE CONSIDER LOCATING YOUR OFFICE AMONG OTHER PRESTIGIOUS TENANTS. Situated just outside the restricted zone Close proximity to the MRT Station, CBD, shopping hub and other conveniences Ample car parking Shuttle bus service from City Hall MRT Station Intelligent telecommunications and building management systems Built-in structured
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    • 9 7 Daewoo to take over Ssangyong auto unit, Pg 19
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    • 145 7 UNIVERSITY OF THE UNIVERSITY WESTERN SYDNEY OF HULL Nepean, Australia r j England, United Kingdom dbalmla k- -a-- ■%—I n lAfll uocxor or business Aorninisxrauon inn|KM 2»d Irtato HMM 22rtM*fl—y-» Duration years Hnl =H• 21 months only .100* in Singapore ■*9V «3E= 100% in Singapore Assessed by publishable y* conducted
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  • SOUTH-EAST ASIA
    • 419 8 BANGKOK He bows to mounting pressure for review after closure of 5i finance firms AFP THAI Finance Minister Tarrin Nimmanahaeminda yesterday gave in to mounting pressure for a review of the central bank's actions, in the wake of the closure of
      AFP  -  419 words
    • 195 8 JAKARTA AFP LAWYERS acting on behalf of more than 100 workers filed a lawsuit yesterday against directors of the state-run workers' insurance firm PT Jamsostek for misuse of funds under its management, a court official said. "A group of lawyers from the PBHI
      AFP  -  195 words
    • 131 8 KUALA LUMPUR Reuters MALAYSIAN Deputy Prime Minister Anwar Ibrahim yesterday said that he had asked the Kuala Lumpur Stock Exchange to begin share trading half an hour earlier at 9am. "This morning I asked them (KLSE) if they can start at
      Reuters  -  131 words
    • 522 8  -  JAKARTA Blase bettered to have been caused by short circuit in By S N Vasuki AT LEAST 15 people died and an unspecified number were injured after a fire yesterday gutted the top floors of a new Jakarta office block
      AFP  -  522 words
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  • CHINA-HONGKONG-TAIWAN
    • 382 9  -  BEIJING Chinese president tells SM Lee that Singapore most remain involved in it By Loh Hui Yin CHINESE President Jiang Zemin has strongly endorsed the Suzhou Industrial Park (SIP), saying it must take priority over any other similar projects, and that Singapore
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    • 337 9 BEIJING BmjMuwrmUat beftvOy to d«v«kp the Intranet AFP CHINA, which long feared the Internet as a threat to its strict information controls, has changed tack and is now spending heavily to develop cyberspace at least a Chi-nese-language corner of it The goal is not to
      AFP  -  337 words
    • 283 9 TAIPEI AFP TAIPEI'S charismatic Mayor Chen Shui-bian yesterday insisted that independence should remain as the central policy platform of the resurgent Democratic Progressive Party (DPP). "There is no need to amend the party platform," said Mr Chen, the DPP's top presidential hopeful
      AFP  -  283 words
    • 102 9 BEIJING Reuters CHINA'S economic tsar, VicePremier Zhu Rongji, pledged yesterday that the Chinese currency will not be devalued, Xinhua said. "I can solemnly swear that the Chinese renminbi will not be devalued," Xinhua quoted Zhu as telling Singapore's Senior Minister Lee
      Reuters  -  102 words
    • 703 9  -  GOUEMTAIT Its president must change his political ways to match Taiwan's By Bruce Cheesman P RESIDENT Lee Teng-hui refused to let the ruling Kuomintang's crushing defeat in local elections stand in the way of his Sunday round of golf. Only a day after the Kuomin tang's
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  • Page 9 Advertisements
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  • ASIA
    • 688 10  -  OOMHBMTAKT PaMfrtAn PMTs Victorias oror jniHrfn.ry ajid prftfdriftnry mtting him np agalwgt the at *my By Hasan Iqbal Jafri Hasan Iqbal Jafri covers South-east Asia for Pakistan's Dawn Group of Newspapers. The opinions expressed are his own and do not necessarily represent those of the Dawn
      688 words
    • 146 10 ISLAMABAD AFP THE government has formed a commission to analyse the growth of Muslim sectarianism in Pakistan and initiate remedial steps, a minister was quoted as saying yesterday. Headed by Religious Affairs Minister Raja Zafarul Haq, the commission will bring together scholars
      AFP  -  146 words
    • 359 10 UTOKYO Talks starting today expected to last np to a decade LAT-WP NORTH Korea may be a seriously ailing nation, but in characteristic defiance of Western predictions, it inconveniently is refusing to die. Instead of preparing for imminent collapse, North Koreawatchers in
      LAT-WP  -  359 words
    • 616 11  -  SYDNEY Some companies polling oat investments, others rethinking deals By. Russell Baker SOUTH-East Asia's financial crisis is having a major impact on corporate Australia's relationship with the region. Joint ventures between Australian and Asian companies are being disbanded. Australian groups are pulling out
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    • 365 11 CANBERRA Australia aims to be region's 2nd financial centre after Tokyo Reuters AUSTRALIAN Prime Minister John Howard will seek to lift economic growth to above 4 per cent as part of an A 51.26 billion (551.36 billion) package aimed at reinvigorating industry and
      Reuters  -  365 words
    • 255 11 NEW DELHI Reuters BILATERAL trade between the United States and India was expected to hit US$lO billion (5516.1 billion) for the first time in 1997, US Commerce Secretary William Daley said yesterday. Trade between the two countries rose 83 per cent between
      Reuters  -  255 words
    • 41 11 [NEW DELHI] Young children from a slum receiving oral vaccinations against polio in New Delhi. The two-day drive, on Sunday and Jan 18, is aimed at immunising some 125 million children all over India against polio. AFP
      AFP  -  41 words
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  • THE WORLD
    • 628 12  -  WASHINGTON It strains Clinton's freedom in signing trade, international agreements From Leon Hadar THE rejection by the World Trade Organisation of a US complaint that Japan's government conspired with private industry to thwart sales there erf" Kodak film is expected to
      628 words
    • 79 12 [ROME] Empty cans covering the' 'square "ofa replica of St Peter "s Basilica constructed from around 10 million used aluminium cans after its completion on Sunday. Volunteers from blood and organ donation groups who built the replica hope to make it into the Guinness
      REUTERS  -  79 words
    • 305 12 BASEL Bat Bnb& chief says Asian crisis may cause some slowing Bloomberg BUNDESBANK president Hans Tietmeyer said yesterday the Group of 10 central bankers saw no big risk to the global economy but noted there was some possibility of a
      Bloomberg  -  305 words
    • 329 12 LONDON But most companies have a rosy long-term outlook about onion FT EUROPEAN economic and monetary union will impose transition costs of more than US$5O billion (SsBo.B billion) on Europe's largest companies, an average of around US$3O million per company,
      FT  -  329 words
    • 263 12 GENEVA Reuters WORLD Trade Organisation (WTO) chief Renato Ruggiero said quick political decisions were needed if a long-sought pact to liberalise the global financial services industry was to be wrapped up this week. Mr Ruggiero's remarks, seen primarily directed at Washington, were
      Reuters  -  263 words
    • WORLD Watch
      • 60 12 Reuters [LONDON] Britain's Labour government is considering the politically controversial step of taxing middle-class welfare benefits, the Times reported yesterday. The proposals have been drawn up in response to Premier Tony Blair's order to ministers "to think the unthinkable" in order to cut Britain's
        Reuters  -  60 words
      • 62 12 Reuters [LONDON] British manufacturing output posted a surprise 0.2 per cent month-on-month fell in October, confounding expectations of a 0.2 per cent rise and leaving analysts pointing the finger at the stubbornly strong pound. Official data released yesterday also showed that overall industrial production, which
        Reuters  -  62 words
      • 54 12 Reuters [NANTES, France] French business leaders yesterday launched a campaign against the Socialist-led government's plans to cut working hours, a project they see as damaging the competitiveness of French industry. Some 400 to 500 company heads were expected to join a rally in
        Reuters  -  54 words
      • 57 12 Reuters [BRUSSELS] European energy ministers agreed yesterday spend 22 million ECUs (SS39. l million) over the next two years to promote the use of renewable energy resources, an EU diplomat said. They also agreed to provide five million Ecus next year to finance energy cooperation
        Reuters  -  57 words
  • Page 12 Advertisements
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    • 21 12 Locate its owner through Classification 821 (Found). Simply call C A.T.S. at 1800-737-1166 for this free service. t Another Classified Service
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  • EDITORIAL & OPINION
    • 768 13  -  THE BOTTOM LOVE OPINION By Neil Behrmann The writer is BT's London correspondent THE London Stock Exchange received a shock last week. Hie exchange had introduced a new automated trading system to improve transparency and lower the costs for investors only last month. It
      768 words
    • 83 13 'When will we know the Internet has caught on fire? When L L Bean stops printing all those catalogues and just puts it on the web.' -BoblGko associate director of public relations at Mecklermedia who was commenting before this week's Fall Internet World conference in New York.
      83 words
    • 632 13 EDITORIAL Yesterdays biggest in-tra-day percentage gain in the Kuala Lumpur Stock Exchange's 24year history ought to settle one debate: What was it that shook confidence in Malaysia so suddenly and so swiftly? Was it a conspiracy Jewish or otherwise to derail the country's emergence as
      632 words
    • 1153 13  -  A proposal to help bail ont troubled regional countries has proven hard to agree upon By* Catherine Ong The writer is a BT senior correspondent "YOU will relieve yourself of confiision if you stop nailing it a ftmd," Roberto de Ocampo told reporters at
      REUTERS  -  1,153 words
    • 834 13 faUraatlonl <flbrt PMdad MEDICAL experts working on the so-called bird flu, known to them as HSNI, have stressed that there is much research to be done before firm conclusions can be drawn about the four cases which have occurred in Hongkong. Medical authorities have reacted quickly
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  • Page 13 Miscellaneous
    • 35 13 DOONESBURY By Garry Trudeau C ALLeSr WHOuawes' I I mteeee* Iswwvm/1 enrnTmowmiSN utm wiuS* veuamfm 1 m%£wlni&wisF CHo6eNTo\w<ZK£\ yajMNAeainsr do i Sccesffl t%s£aa.M areae* nadirs ourrveeajs- you e SSSnSmesi f fjigag ISlilll HHB MMm mMa
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  • Page 14 Advertisements
    • 655 14 T\—U\ f V SY INTERIOR PTE LTD |!i# 9®ing a Pohß Malaysia Indonesia UggintF\ ,^f I V Messa 9 e From The PARTNERS C&MPLETECtBYL/S V Messa 9 e From Mr Yap Chee Siong Ho Kah Leong commercial projects. With steady growth over the I ov i years, we now provide
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  • Page 15 Advertisements
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    • 225 15 I Spices of Sichuan jjJ From 3-14 December 1997. savour cuisine from this province JJyl specially prepared by two specialty y chefs from Lai Lai Sheraton. Taipei. loin us as we bring you the best in Sichuan Cuisine served in the exquisite setting of Pine Court Chinese Restaurant reminiscent of
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  • Page 15 Miscellaneous
    • 844 15 TV&RADIO n ■auto ii n B 3o Shiver Human 530 Paramapadam (Drama). IJMBr>rfTTiTTSU^^ Equation. 7.00 Thirai Payanam. PM TV innovations. Gulliver's Travels. 7.30 Tamil Seithi (News). Z3O The Winners. 1030 News 5 Tonight. 8.00 Berita 12. _j iig'ni'll'ri/WVWiTH I l'i lln. 3.00 Money, Money, Money 11-00 Business Day. &30 Anugerah
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    • 239 15 CRYPTIC CROSSWORD ACTOBB 9 Religious leader enters a sham Indian heritage (6) HH |H[ IH -r Vl| 11 The samurai in conflict so un- L^J—— professional (10) SK MSBBfli SR 9H| fSS fIM WKK 12 After homework, always make an advance (6) 17 Grabbed by boys, warrant offi- ]H[ Hi
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  • Cycle & Carriage Golf Page
    • 1603 16  -  Natural and economic disasters have squashed a buoyant Asian golf industry. MZC3BZJLUS D'CRUZ hopes to see a redefining of how we play the sport in the region NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. Traffic jams, frayed political nerves,
      FILE PHOTO  -  1,603 words
    • 376 16  -  By Ven Sreenivasan THE almost year-long uptrend in the BT Golf Index came to an abrupt end last month as the reality of the economic outlook finally took hold. The eight-club index fell a sharp 3 per cent, or 5.38 points, to 192.12, its
      376 words
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  • COMPANIES & MARKETS
    • 548 17  -  (tauter rockets to day-high «f$L42 jist three minutes after opening bell By) David Boey [SINGAPORE] Shares of newly merged entity Singapore Technologies Engineering (STE) made a rousing debut yesterday, stunning many market watchers when they roared to a day-high 0f'51.42 just
      Source: Bloomberg  -  548 words
    • 564 17  -  German telecom* group will ha ve to restructure business Annette Pau [SINGAPORE] German telecoms group Hagenuk Telecom, once touted as the growth engine for IPC's thrust into the sector, has filed for judicial management amid cash flow problems. JK>C Corp chairman and chief executive officer
      564 words
    • COMPANY Briefs
      • 73 17 [SINGAPORE] In view of the restructuring of Singapore Bus Service (1978) Ltd into DelGro and the listing of DelGro's subsidiary company, Singapore Bus Services Ltd, on the mainboard, the CPF Board will disallow new purchases of DelGro shares under its investment scheme from
        73 words
      • 72 17 [SINGAPORE] To commemorate its 90th Anniversary, Orchard Parade Holdings has declared an interim dividend of 3 per cent (or 1.5 cents per ordinary share) less I 28 per cent tax, amounting to |3.2 million. No interim I dividend was paid last year The interim
        72 words
      • 49 17 {SINGAPORE] Haw Par Brothers International has f appointed Lim Kee Ming as nonexecutive director with effect from Dec 5. Mr Lim manages the Lim Teck Lee group and is also the director of several listed groups, including United Overseas Land and Advance Systems Automation.
        49 words
      • 76 17 Reuters [KUALA LUMPUR) Affln Holdings Bhd has called off a proposed rights issue due to poor stock market conditions. "The company will submit a fresh application to the relevant authorities for a new capital raising proposal when the market condition is more stable," it said
        Reuters  -  76 words
      • 162 17 Bloomberg [KUALA LUMPUR] Wing Tiek Holdings, a Malaysian steelmaker controlled by businessman Joseph Chong, has defaulted on loans with certain banks, said Rating Agency of Malaysia (RAM). Wing Tiek also "had several other banking lines frozen as the group had not been able to
        Bloomberg  -  162 words
    • 339 17  -  By i Carol Eng SESDAQ debutante Twinwood Engineering yesterday gained from overall market sentiment to end 14 per cent above its 28-cent offer price, but analysts are bearish on its future prospects. Within the first minute of trading, the counter recorded
      Source: Bloomberg  -  339 words
    • 317 17  -  Thai govt decision means DBS may lose initial investment By< Conrad Raj {SINGAPORE] DBS Bank's plan to raise its stake in Sri Dhana Finance to 60 per cent from just 10 per cent has become a casualty of the Thai government's
      317 words
    • 256 17 (SINGAPORE) Vikay Industrial, which will be placed under judicial management, said it has accepted the resignation of Goh Chan Peng as its nonexecutive director. "Mr Goh provided valuable guidance on restructuring of the company's business operations and banking relationships, as well as cost reduction and inventory
      256 words
    • SWISS BANKS' MERGER
      • 546 18  -  13,000 jobs to be cut worldwide, half outside Switzerland By Clarissa Tan [SINGAPORE] Senior executives of Union Bank of Switzerland (ÜBS) and Swiss Bank Corporation (SBC) here were huddled in hush-hush meetings yesterday as the fate of their 900 or
        546 words
      • 318 18  - Lim Ho Kee Asia's most powerful banker in the making? Byi Catherine Ong [SINGAPORE] Is he about to become Asia's most powerful banker? That was the question some observers had in mind when it was announced that Singaporean banker Lim Ho Kee would become the new chairman of Asia-Pacific operations
        318 words
      • 224 18 Bloomberg [ZURICH! The benchmark Swiss stock index soared to a record, after Union Bank of Switzerland and Swiss Bank Corp confirmed they will merge to form the world's sec-ond-largest bank. A stronger dollar and a US market advance lifted other stocks. ÜBS bearer
        Bloomberg  -  224 words
      • BRIEFS
        • 116 18 Reuters [LONDON] The Swiss Bank Corp (SBC>Union Bank of Switzerland (ÜBS) merger will create a Eurobond powerhouse said Capital Data Bondware statistics. Together the two banks held 8.29 per cent of the new issues market share for the 11 months ended November, pushing it to No
          Reuters  -  116 words
        • 63 18 Bloomberg [ZURICH] This year the two banks will take a 7 billion Swiss franc (Ss7.B billion) charge to reorganise, which will probably lead to a net loss, ÜBS and SBC said in their statements. In Switzerland, up to 400 branches will be closed
          Bloomberg  -  63 words
        • 80 18 Reuters [LONDON] Foreign exchange liquidity would be one of the main casualties of the merger of SBC and ÜBS. Currency trading jobs were also at stake, particularly in London, as the newly-merged United Bank of Switzerland is expected to eliminate overlap across its
          Reuters  -  80 words
        • 49 18 Reuters [ZURICH] The merger should be completed by late May 1996 after shareholder and regulatory approval, ÜBS chairman Robert Studer said. The two banks will hold separate extraordinary shareholder meetings on Feb 3 and 4 to vote on the merger pact, Mr Studer said. Reuters
          Reuters  -  49 words
        • 106 18 Reuters [ZURICH] ÜBS and SBC expect their merged institution to have aftertax consolidated profits of some 10 to 11 billion Swiss francs (SJII.I million 5512.3 million) by the year 2002. The group also foresees a return on equity of 15 to 20
          Reuters  -  106 words
      • 756 18  -  HOCK LOCK SIEW Catherine Ong WHEN Union Bank of Switzerland's Zurichbased president Mathis Cabiallavetta was in Singapore in September last year, he was asked at a press conference if ÜBS would cut costs through the merger route as many American banks
        756 words
    • REGIOMAL/INTERNATIONAL COMPANIES
      • 528 19  -  Friday's statement that Indonesia's Salim group may be baying into it sparks buying frenzy From* Al Labita in Manila SHARE prices of Asean's largest food and beverage conglomerate, San Miguel Corp (SMC), shot up yesterday after the company said it had reason
        528 words
      • 367 19 AFP [WASHINGTON] Australianborn media magnate Rupert Murdoch's News Corp has successfully used international accounting loopholes and tax havens to pay far fewer taxes than his rivals, the Washington Post reported on Sunday. The Post said Mr Murdoch's strategy apparently completely legal allowed News Corp to
        AFP  -  367 words
      • 145 19 Bloomberg [SYDNEY] Publishing Broadcasting Ltd, an Austra-lian-based magazine and television company, said an Australian court approved its plan to transfer its stake in newspaper publisher John Fairfax Holdings Ltd to a publicly traded trust. Publishing Broadcasting, controlled by Australia's richest man Kerry Packer, yesterday sold
        Bloomberg  -  145 words
      • 276 19 Bloomberg [KUALA LUMPUR] Malaysia's state-owned Bank Simpanan Nasional Bhd said the country's central bank has approved its plan to merge its BSN-Commercial Bank unit with Oriental Bank Bhd. "We have the approval from Bank Negara," said Ahmad Zahid Hamidi, chairman of Bank Sim
        Bloomberg  -  276 words
      • 242 19 NYT [NEW YORK] Avon Products used to support causes that alleviated human suffering. Today, it gives only to programmes that relate specifically to women, its primary customers. So March of Dimes and lung cancer associations are out; scholarships for women, and breast and ovarian
        NYT  -  242 words
      • 492 19 Daewoo Motor will assume 2 trillion won of Ssangyong Motor's 3.4 trillion won of debt Reuters [SEOUL] South Korea's fourth-largest conglomerate, Daewoo Group, yesterday announced that its auto maker would take over Ssangyong Motor, the ailing auto unit of Ssangyong Group. Daewoo Motor
        Reuters; REUTERS  -  492 words
      • 198 19 Bloomberg [SEOUL] Daewoo Group, South Korea's fourth-largest industrial group, said it will reassign 24 chief executives to manage its overseas headquarters, in the biggest management reshuffle in its 30year history. The move is part of Daewoo's aggressive efforts to set up regional offices spanning
        Bloomberg  -  198 words
    • FINANCE & COMMODITIES
      • 499 20 Fedwire and Chips, the two main NT payment systems, started at IZ3O am from yesterday FT [NEW YORK] The largest US banks yesterday start opening in the middle of the night to make the flow of money around the world's
        FT  -  499 words
      • 369 20 Reuters [WELLINGTON] New Zealand's Tower Financial Services Group said yesterday it would seek High Court and member approval to demutualise and list on the New Zealand and Australian stock exchanges. Tower, formerly New Zealand's Government Life Insurance Corporation, is involved in insurance and other
        Reuters  -  369 words
      • 299 20 France's Sotiete Generate has also indicated interest Reuters Bloomberg [TOKYO] Japan's Sumitomo Bank Ltd and French bank Societe Generate said they were considering buying shares in Yamaichi International Capital Management Co Ltd from group companies of the failed brokerage Yamaichi Securities Co Ltd. "We
        Reuters; Bloomberg  -  299 words
      • 238 20 j>i Report Reuters [SINGAPORE) Simex Euroyen futures drifted lower yesterday due to tight supply in the cash markets. "Cash rates went up a bit on tight supply because the fund injection was less than expected," a dealer said, referring to Euroyen cash prices. The
        Reuters  -  238 words
      • 174 20  -  MSCI TAIWAN FUTURES By Ric Trotta Ric Trotta, Floor Manager, Refco Singapore Pte Ltd [SINGAPORE] The Slmex MSCI Taiwan Stock Index futures closed higher yesterday but posted only small gains when compared with the cash index. The December contract gained 1.5 points to 349.1, while
        174 words
      • 240 20 ENERGY REPORT Reuters [LONDON! World oil markets in 1998 are in danger of a supply glut that could drive down crude prices despite another year of strong demand, the International Energy Agency (lEA) said yesterday. In a monthly report the agency said
        Reuters  -  240 words
      • 296 20 Reuters liirmlfffi THE US dollar was stable against the yen at the noonhour yesterday compared with morning levels, but was up against the mark a day before announcement of German job data for November. The dollar was up to 1.7887 marks against 1.7868 in the morning and 1.7833
        Reuters  -  296 words
      • Article, Illustration
        1135 20 nrrBRBAME CROSS EATBS Dec 8 f: tMZZ g m ECU nr yw mm m mm* *—ffi** to* h«n— utt AwtrdU 0.954 6.178 0.605 4.008 U97 5J88 24.*****.606 0474 9.001 2.-61 *****9.580 ***** 1064 3.267 0.972 ***** 27.641 0405 0471 Cmda 1048 5435 0.634 4202 1255 5.4J9 27.405 ***** 198 9.436
        1,135 words
      • 228 20 Bloomberg [MUNICH] Munich Re, the world's largest reinsurer, said it is in talks with German insurer Allianz AG regarding a possible share swap as a tax hedge for both. Christian Jacobi, a Munich Re spokesman, confirmed that Munich Re chief executive
        Bloomberg  -  228 words
    • 1373 21 aooMrPTQMg Decs tss 1 COHTUCTfS CMKA4) das* WMm Mtfc mmI to* v J»98 124.00 122.00 QOiSO 75 370 F*98 ***** 122.00 8175 00 650 Mr 98 122.75 1145 A#r/JM9C 132.25 08.50 128.50 765 0950 j*s«98 133.50 am MUKN 136.75 3750 i.i ,44.*wMiff T~* v V A 251 V
      1,373 words
    • 1850 21 Nil Nt» 34 Group 50.400 -3.600 AB Ports 296.400 4.400 AkkoyNottanl 1022 20 A Mod Domacq 550 -1 Amac 128.400 -400 Aid* Group 174.600 2.600 BAT Ind 551 4 ■6 Pie 289 -1 BtCC T74 1.600 BOC Group 994 14 BR Potroioum *64 *11 BTR 178-200 -1800
      1,850 words
    • 1516 21 AFP Dtfikkaas -mi| SHARE prices closed lower yesterday, depressed by concerns over the bleak outlook for the country's economic recovery, brokers said. The 225-share Nikkei Average fell 292.91 points to end at 16,131.57, while the broader Topix Index of all first section issues lost 15.12 points to 1,221.31. An
      AFP  -  1,516 words
    • Article, Illustration
      1449 22 AFP Q Hang Seng +U&34 STOCKS ended higher yesterday but late profit-taking trimmed gains to push the key index down from its highs to close below 11,800 points. The Hang Seng Index rose 195.34 points to 11,722.94 after touching a high of 11,842.73. The last time the Hang Seng
      AFP  -  1,449 words
    • Article, Illustration
      594 22 Reuters □ShmWaßlafei *158 SHENZHEN'S B Share Index ended sharply higher yesterday in slow trade as the hard currency market extended last week's rebound from a recent string of year lows, analysts said. The B Index put on 2.58 points to 104.99 on turnover of HK$l4 million. "It's extending last
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  594 words
    • 343 22 AFP HWPhte ♦16&41 SHARE prices finished 1.9 per cent higher in active trade yesterday as investors increased their shareholdings in traditional year-end rallies. "Listed firms bid share prices up to window-dress their year-end financial reports while more retail investors also snapped up stocks for high dividends," said a trader.
      AFP  -  343 words
    • 246 22 Reuters QWeflmgtoo *&20 STOCKS yesterday showed few ill effects from Friday's Reserve Bank warning, the NZSE-40 Index rising 8.20 points to 2,402.49. Dealers said turnover at NZ$64 million was moderate and prices would remain intact as players kept a wary eye the Asian markets.—Reuters kei m v- rmm A
      Reuters  -  246 words
    • 374 22 AFP CI Composite Indei -20J0 SHARE prices slumped 4.8 per cent yesterday as institutional investors cashed out of the market to secure operational funds. Dealers said the tight money market weighed on the stock index, with the won declining against the US dollar. "Concerned over the rising money market
      AFP  -  374 words
    • 570 22 AFP FliDOriiMtfiei +218 SHARES rose yesterday amid brisk trading spurred by gains on Wall Street but were slightly off their highs because of late profit taking. The All Ordinaries Index rose 29.8 points to 2,587.0. Turnover was 292.2 million shares worth A 1840.4 million. Among leading stocks, BHP rose
      AFP  -  570 words
    • Article, Illustration
      669 22 AFP PlCwmritiMg *&83 SHARE prices closed higher yesterday but renewed weakness in the rupiah, which hit a record low, and profit-taking by local speculators trimmed the day's gains. A dealer said domestic investors began to take profit in the afternoon session on fears that the declining rupiah would end
      AFP  -  669 words
    • Article, Illustration
      727 22 AFP HSETMex ♦1183 SHARES ended 3.4 per cent higher yesterday as the authorities boldly shut down all but two of 58 suspended finance firms a move which buoyed the market. "Investors saw the news as positive even though the move will bring a lot of difficulties for the Thai
      AFP  -  727 words
    • 271 22 AFP Q Manila *6705 SHARE prices closed 3 per cent higher yesterday on selective foreign buying as local institutions still sat on the sidelines. "Locals are still very wary," a trader said, observing that foreign investors were taking the opposite tack. The Composite Index rose 57.15 points to 1,957.21.
      AFP  -  271 words
    • KUALA LUMPUR STOCK MARKET
      • 456 23 AFX-Asia Q Composite Index +00.07 SHARE prices closed sharply higher yesterday following the government's announcement of measures to deal with the country's economic problems, dealers said. The KLSE Composite Index closed up 69.07 points, or 11.4 per cent, at 676.47. The Emas Index was
        AFX-Asia  -  456 words
      • 8760 23 MNNM&H:■■■■■■■■■■■ I I Cnanr mMi l«7 Lot Vol Day Net Cap m» L— Company «H» 'OOP Htgk Looi P/t Smk 790 220 Apnomoto 298 17 260 2*6 143 104.6 448 130 Angkase M9 IS 48 (TO ST 3.9 249.2 90S 245 Apollo Food Hlg 290 19 67 290 270 14
        8,760 words
    • WARRANTS & OPTIONS
      • 230 24  -  WARRANT WATCH By Ven Sreenivasan WITH the markets starting the week with a roar, could this be the right time to go warrant hunting? After all, warrants lead the market both ways, don't they? While the answer to the first question is "yes",
        230 words
      • 3481 24 iwr Lart Vd toy 1— mrnm *5 Wijfc L— t*m cmmm «n **r- room um *nr« sa*« w« M 13 m 3000 m AM08 cS.5******6 16xi undi 20 M 1* 153 18 61 15 3160 Acar <******1USS 16 undi S3 14 173 173 18 131 21 3164 Acma ******4 23
        3,481 words
    • 1939 24 Or 8r 1997 Last Vol Day Loot Owto Okr Mr VK Not MC« MM> f w» Ci—wv COOP) H»i m —yr SoBar cv P/t M 478 M nil 5000 Ag850c IPScd *03 1005 M 76 82 813 10 33 13 3X0 Mi 137 273 mi 9001 AM08S0C 319
      1,939 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1002 25 TUWWVMTOOO) VALUE COOO) Q»6 T*« CK* TM« «=r* jl W 142,251 2<2uK 34AM2 49M» 650T5 SCSOAO MJTO U4I SCSOAQ I4JTO MAW ON TOTAL a t MUttrM m 30 26 V 0 0 SI JO 26 FMmm a I 3 II 0 0 39 1 ft Hate* 7 4 0 fit
        1,002 words
      • 4556 25 HN» l ,7 t— »«w CiUMiy sSi rooot Iw ■JjjSr' °Se£ar el? p/l $j3 PrtH2 UHWSTWAIS >. J* V* v* 157 33 1020 ACE DynanWcs60c 39 *33 171 39.5 37 36 38.5 319 37 5146 A5E NT$10 200 OS- 885 885 1275 ASFUSkKM US885 S8S 3U 885 Aberdeen
        4,556 words
      • 761 25 srn. J£» 0 c* aHJ L# 5m# Cimptny Ml COOO) N>9» f» fcsy*r kiir Or F/I %ma Mm js JJ S5 jfvns, k 7 »z «s 5?.' 2 ww» 221 >n 15.0* M a? HO 2*0 J 2*5 UV 91 2091 ASJ HMfi 10c 90 97 90 Mfl mn
        761 words
      • 207 26 Mwla W— ST EngglOc 38.582,000 'Magnum Corp 50c 20,737,000 •RHBCap Wt99 16,959,000 •Rekapacific BH 16,754,000 •hmovest BM 12,889,000 •M Resources 11,326,000 SinqTH 15c 10,257,000 •RHBCapBhd 8,442,000 •liulti-Purpose 7,631,000 •Kenny* Corp 7,257,000 Stacks ST EngglOc 51,893,540 0CBC Foreign 49,087,957 D8S Foreign 44.907,144 SingTel 15c 33,043.169 U08 Foreign 30,186,392 •M Banking 24,389,200
        207 words
      • Article, Illustration
        62 26  -  -by Shiv Taneja MALAYSIAN PLANTATION dosed six cents higher at 54.5 cents on a volume of 181 million shares yesterday, compared with its lOday traded average of just under one million units. In the near term, the stock may witness some weakness. Investors should use this as an
        62 words
      • 675 26  -  STOCK MARKET COMMENTARY Sparkling debet of ST Engineering also helps boost sentiment, but some analysts inject a note of cantion By Ven Sreenivasan [SINGAPORE] The local and Kuala Lumpur stock markets recorded one of their strongest rises in recent memory, boosted by the
        675 words
      • ON THE GRAPEVINE
        • 84 26 ITS party time at Singapore Inc. Instead of just the annual end-of-year invites to press conferences, journalists this time round got a pleasant surprise from Singapore-Inc agencies inviting them to unwind at "An Evening To ga t her". And as an Indication that officials from the agencies—namely
          84 words
        • 90 26 IN SOME instances, Christmas cards do more than just serve as greetings for the holiday season. We recently received a card from Yamaichi Asia Venture Capital, a locally-based venture capital firm of the Yamaichi Group that recently went bust Apart from the usual greetings, the card also
          90 words
        • 62 26 FRENCH Finance Minister Dominique Strauss-Kahn knows a thing or two about the sanctity and privacy of the marital bedroom. Explaining why Britain is not initially joining the Franco-German euro club for countries forming the single currency in 1999, he said: "The euro Is a monetary marriage. In a
          62 words
        • 101 26 TALKING about forex people, traders and their guests who attended a charity golf tournament recently must be among the ones who have done pretty well for themselves this year, bonus-wise. All the proceeds collected from the tournament went to their adopted charity—the Assist Home and Hospice. But get
          101 words
        • 84 26 MAHATMA GANDHI, John Lennon, Ted Turner, Alfred Hitchcock, Thomas Edison, Mohammed All, Einstein and Picasso have one thing In common. The; are pitching for Apple Computer in the company's new TV ads. The reason for such a cast?" Think Different' celebrates the soul of the Apple brand
          84 words
        • 86 26 GUESS who came for dinner at the function of the Real Estate Developers' Association ofSingapore last Friday. Seated at the table hosted by CltyDev general manager Chla Ngiang Hong was Pontiac Land chief Kwee Llong Keng and his wife. Now everybody knows CltyDev subsidiary CDL Hotels
          86 words
  • Page 17 Advertisements
    • 294 17 '■*>■ <* ;;.t> f"3 i V* J*** JJJ J J J J •L 11 [If f 11 11 fI f h vM[ J I i'!lJHsOT'lff'l JJU d UijJ ILUD iJUjJJjJ it jJlijjJjJ; HM SWJ/ro jf.'.Vl y A m. u. A Never before has a dub been so highly acclaimed, winning
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  • Page 18 Advertisements
    • 75 18 'X r STAYS IN A CASTLE J r HE HAS HUNDREDS 1 Mf [of loyal subjects! NOT TO MENTION THE OTHER ROYAL TREATMENTS ■P AND ALL FOR JUST IN' THE deluxe w|nter Jflßli BONUS RATE OF WHO IS SLEEPING WITH?J The Westin tai Ping Yang SHANGHAI WgiM sZun Yi Nan
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  • Page 20 Advertisements
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  • Page 23 Advertisements
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  • Page 24 Advertisements
    • 81 24 INTRODUCING THE MOVADO VIZIO: ADowe Beyond \y T 1 A POST-MODERN PERSPECTIVE ON TIME. -X- 1U 440 4208 Bhanlh Waich Wk m WJL The Movado Vizio™. TW: *****29 l\/ Zl I Jf p Solid stainless steel or steel/18K gold. -M7?5St Iyml m. J M J J Scratch-proof hard metal bezel.
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  • Page 25 Advertisements
    • 115 25 W Singapore I Up-to-the-minute stock reports I I for the price of a stress tablet. I I J**™** up "J*" Sl 2 Td Ma 9 ix ran y° u on ,ine on-demand financial news on your home PC. For an average of only 5f per minute. That's why SingTei Magix
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  • Page 26 Advertisements
    • 267 26 BUSINESS Notices INTERNATIONAL FACTORS (SINGAPORE) LIMITED (Incorporated with limited liability in the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period from Dec 9,1997 and ending on (but excluding) March 9/98. (a)
      267 words
    • 123 26 UNITED OVERSEAS BANK LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATES Share certificate nos. *****437 tor 1,000 shares, *****29-4 tar 125 shares and *****02-3 tor 225 shares in the name of Khoo Swee Yortg have been reported lost, destroyed or mislaid. NOTICE IS HEREBY GIVEN that the new share certificates will
      123 words
    • 38 26 ■MPFI "My friends were talking about the adventure camp to Pulau Karimun they had read about in Cats' Mews. I don't want to be leftout -1 read Cats' Mews every Sunday now." Yeo Sam Jay, secondary four student
      38 words
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      138 words

  • SHIPPING TIMES
    • 304 27 Bridge News Reuters FREIGHT rates have turned sharply higher for North Atlantic cargoes largely caused by an influx of new grain and minerals business for nearby shipment and ships delayed by weather, brokers said. Futures rose 20 points basis Jan at 1283 and Dec at 1250, Clarkson Securities
      Bridge News; Reuters  -  304 words
    • 270 27 «HWIKMH XI *t- w CWT DfctrtOvttoo 0.78 uoch S ChuanHup OMS unch 53 CMC* m*aitman< 0.79 FrtMMUnki 0J3 *0.035 205 08 Hotomcs 0J1 Hal Sun Hup 0.745 *0.035 84 HKadtfZOMn aSS *0.045 Ml IMC Holdings hk 5.4 JayaHaMngs 0.45 -a 02 33 Jurang Shipyard 9.50 *0.45 37S KiW
      270 words
    • 555 27 MTL, HIT, Sea-Land fighting to keep customers and gain new business Bloomberg [HONGKONG] Hongkong's container port operators may be forced to slash prices by as much as 20 per cent in a growing bidding war among port operators. The terminal operators units of some
      Bloomberg  -  555 words
    • 252 27 Reuters [ATHENS] International Association of Independent Tanker Owners (Intertanko) technical manager Dragos Rauta has called for a halt to new international shipping regulations. Speaking at a shipping conference in Athens, Mr Rauta said all existing regulations should be put in force, but officials
      Reuters  -  252 words
    • PORT Shots
      • 103 27 [HONGKONG] Fujian, one of China's east coast provinces, is on target for a 50 5 per cent increase in cargo throughput to 20 million tonnes this year. Figures for the flrtt nine months are 15 million tonnes, up from last year's total of 13.9 million
        103 words
      • 96 27 Bernama [PETALING JAYAJ All major ports in Asean countries will be using the Electronic Data Interchange (EDI) in their daily operations by the year 1999, Deputy Transport Minister Mohd Ali Rustam said. He said the EDI where data on goods handled
        Bernama  -  96 words
      • 75 27 [HONGKONG] A boycott campaign in the Asia/Pacific Rim region, organised by the International Transport Workers' Federation (ITF) from Nov 21 to Nov 26, had "very little impact" according to the International Shipping Federation (ISF). The campaign was primarily intended to target open registry ships—branded
        75 words
      • 79 27 [SYDNEY] Norwegian Cruise Line (NCL) has announced that it is negotiating to enter into an Australian joint venture next year. The shipping line advised the Oslo Stock Exchange that it was at an advanced stage of negotiation with an Australian group to form a new
        79 words
    • 316 27 marine dept lacks personnel to issne certs before Joly 1, 1998, deadline Bernama [KUALA LUMPUR] The Malaysian Shipowners' Association (Masa) is concerned whether the country's Marine Department could certify companies and ships under the Document of Compliance (DOC) and International Safety Management certificate (SMC)
      Bernama  -  316 words
    • 195 27 Reuters [TAMPA, Florida] A US federal court has ordered a Texas-based shipping company to pay US$5O,OOO (5579,500) in fines and restitution of US$2OO,OOO for illegally pumping oily bilge water into the Atlantic Ocean in 1993. The US Attorney's Office in
      Reuters  -  195 words
    • 829 28  -  HAULAGE AMD INFRASTRUCTURE IN MALAYSIA Despite the economic turmoil, Malaysia's expenditure on transport infrastructure and equipment is set to get higher By. June Lim Malaysian hauliers are expected to invest about US$2 billion (£53.22 billion) under the country's second Industrial Master Plan (IMP-2), 1996-2005, to
      829 words
    • 280 28  -  LETTER TO THE EDITOR Kristopher D Horvath Head of Marine Planning Analysis Vela International Marine Limited I READ with great interest your articles about the World Tanker Outlook Conference in Singapore since I was one of the individuals quoted. Thank you for helping to educate
      280 words
    • 245 28 PAGE ECl S UX EES 8 AMI 3 Ethi W 4n 6 Accord 8 Eurohins 6 Appenship 5 6 It Astro 3 Famous Austral 9 FoongSan 8 BSA 7 Batamindo 7 Bi^"4,fr 7 I SET GuanGuan 4 N >«*•», cosco 5 S CSAV
      245 words
    • 24988 36 EXPORT ETA ETA Advartisar Vassal Voyaqa Taiaphona ETA ETA Advartisar Vassal Voyaqa Taiapftona SIN Dast'n Nam* Nam Numftar Number SIN Dast'n Nam* Nam* Numfcar Numbar SMMHMMNMMNNNHMIMNNNMNHMnMMMMMNMMMMMMMM aMMMNMMNHHNHMlMNINMMMMHMMMMMHMNMMMI 20/12 10/01 CMA MING GLORY 207W 45-*****22 A 22/12 07/01 Hyundai MM HY EMPEROR 309W 45-*****44 2VH 17/01 Evarqraan E. GARDEN
      24,988 words
    • SHIPS IN PORT
      • 645 41 Vw** VoyWo Nrth Arrival pggj 1 n 1 '"jo* nongsM 10.12/231 H CM»I Mi OIIM JOt Mm?** 09.12/07 l>#*g 374/97 J04 lioogsxtt 10.12/I2C OmM I- 1297 J15 Mmqsid* 12.12/150 6«8i8 *706 J02 MVM 10.12/091 S«y»MM 107 J14 Morapttt 09.12/W 173 J05 tfonqsi* 09.12/W l« KTMfi 707V JOT Monfsxt*
        645 words
      • 1583 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Manct l»tfs SMp Voy Mo Etfc/Btr Nrtod Frw To frw to NWUob 004A 09/0700 U 07/1700 04/0459 04/0900 a 07.1706 34/0651 *010C 1 OM'K 04,-751 04,^40C 4 04/1204 04AM 04A700 to LMM*r 0» 09/1200 a 07/1704 04/9651 C4/C-90C a 07/1700
        1,583 words
      • 194 41 DM 10 Thailand: Constitution Day DM 12 Kenya, Mexico, Russia Dm 13 Sri Lanka Dm It Bangladesh, Kazakhstan, S. Africa Dm 28 Japan: Emperor's Birthday. Dm 24 Austria, Bulgaria, Czech Republic, Denmark, Finland, Germany. Luxembourg, Portugal, Slovakia Sweden: New Year's Day. Switzerland: Christmas Eve. Dm 20 Albania, Andorra,
        194 words
      • 834 41 THIS report, compllad by Cockatt Marina Oil Ltd. thow* prlca rang** in US dollar* tnataad of atngle prlca* tor a mora oomprehenelve da•crlptlon of tha markat Prlcaa ihown an baaed on average-elaed •tarn Markat movements an Indicated. The Cockatt Bunkar Prloa Indax change and the individual
        834 words
      • 271 41 Mm m» u ffj o.o» M 0.04 Dwlt tM Art MwMii <><■>■< No Mom £25 2 1 2 0 0 0 «M/M 300 AM *5.1 0J 122 0.06 34 0.02 «WM km JS2 390 W7 U 0.10 91 0.06 ■/w* »»/t %io. mi mmt Wo Mom
        271 words
    • AIR&LAND TRANSPORT NEWS
      • 400 42  -  Joint project by British engine maker and China's Civil Aviation Authority By\ Felix Chan [SINGAPORE] Britain's RollsRoyce boosted its presence in the Chinese commercial aviation market a few notches further with the recent opening of its new training centre in Tianjin. Jointly developed
        400 words
      • 375 42 Bloomberg [TOKYO] Renault SA chief executive Louis Schweitzer warned the French government against giving excessive subsidies to Japanese rival Toyota Motor Corp, which is considering building a car plant in France. Hiroshi Okuda, president of Japan's biggest car maker, met French President Jacques
        Bloomberg  -  375 words
      • 100 42 (IRKUTSK, Siberia] Firefighters climb on the tail of the fuselage of a Russian Antonov AN-124 Ruslan cargo plane, which crashed on Saturday into a housing area in Irkutsk 11, an industrial suburb of the Siberian town. Rescue teams were sifting through the charred wreckage of a
        AFP  -  100 words
      • 198 42 AFP [PARIS] France has put forward its candidate to replace the outgoing head of the European airplane constructor Airbus Industrie, Jean Pierson, French government officials and industry sources said. Noel Forgeard, 51, director general of French media and technology conglomerate Lagardere, has the "professional
        AFP  -  198 words
      • 370 42 Shift from aircraft amenities to cutting cost of development Bloomberg [SEATTLE] Boeing Company is refocusing its efforts to develop ultra-long-range versions of the 777 jetliner with an eye towards programme costs rather than aircraft amenities. The world's biggest aircraft maker is looking
        Bloomberg  -  370 words
      • 274 42 Reuters [SYDNEY] The Australian Competition and Consumer Commission (ACCC) announced that it had started legal action against Nissan Motor Co's Australian unit and an advertising agent over allegedly misleading adverti* ing. "The ACCC has instituted criminal proceedings in the Federal Court, Adelaide against
        Reuters  -  274 words
      • 1666 42 cm FII6MT m FU6HT ETP tMN* oral mo oraz 20M tmot imo tg4oo ims mn 2220 wow zso wow ms kmtftm $0327 0810 K1844 0125 NoCWMtafc **741 1310 **740 1410 CAW 0945 KL838 2335 SOT73 1905 SOI74 1415 K1837 1540 0126 2355 DIIT4I 1925 S026 2355
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  • Page 27 Advertisements
    • 19 27 Mega investment in Malaysian haulage industry Despite the economic turmoil, expenditure on sector set to get higher. Page 2
      19 words
    • 415 27 Rolls-Royce opens training centre inTiaqjin Joint project by British engine maker and China's Civil Aviation Authority. BrokPage Emery Worldwide has appointed Peter Ouantrill as its vice-president (International). Mr Ouantrill will be based in Redwood City, California and will be responsible for the company's operations in Asia-Pacific, Europe, the Middle East
      415 words

  • Page 28 Advertisements
    • 790 28 SINGAPORE CAUFORMA IXPBIIS (DIRICTI»WOM WIST COAgT) I [PULF KARACHI ■XPWt (OKX) vissa voy oak van su u sii vissa voy| ju mn ian km cot pxb un MXZIRCO* S7WS4O ii/ii 20/il IT/n ir/il 11/12 mmmamuy ioi 11/11 21/11 M/II M/ 11 M/ 11 M/ 12 M/ 12 CHESAPEAKE 11WS40 U/11
      790 words
    • 631 28 «»»«««> jggfc #M,W«S«It» ■WtM-l Dy Members of the Registry o< f«j m m,l Singapore Freight Forwarders \r/Kf£msJ Accredited Shipping Agents SnU Association Xgm jy Sngapore Shipping Association BBISIBKFu3BT^S33E^E|Hj export" 3 JCX' 2 Hongkong Man>c Kooahiune Kooiung FCI *c KKX NArA SfNOA: CEBw LCH ag sr .a ss ■a w; -"g?
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  • Page 29 Advertisements
    • 1114 29 I' 1 Igl k A PACIFK SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU Ivesa vot pn sum ayg un mi »iai m wyc «i hop wot sa IfIIHMAW OIK 01/12 10/12 11/12 26/12 30/12 31/12 31/12 01/01 01/01 31/12 31/12 02/01 OflHOfjgS 01« IS/12 17/12 18/12 02/01 06/01
      1,114 words
    • 2307 29 HANJIN SHIPPING USA CANADA* h*vsi/vot |m|im sm umhna/vot sea rax dm cm dtt phi mim oos iwi |o» ntc tvr m teg rui m tt cotomowsi )s/n "io/iT" umasTowE/osoE n/oi n/oi 11/01 n/oi 14/01 x/ 01 u/01 u/oi "is/oT is/01 iy/01 11/01 )4/oi n/01 is/»i is/01 CHOTANG ARAS 0031 77/
      2,307 words
    • 102 29 ir%mw ORIENT EXPRESS LINES (U.K.) LIMITED IiEL (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VISSiL VOY SINGAPORE lOMIAY VESSEL VOY lOMIAY SINGAPORE SJNAR TOftA 220 12/12 21/12 SINAR TQ6A 219 30/11 12/12 OOCL ADMIRAL 010 15/12 24/12 OOCL ADMIRAL 009 03/12 15/12 KEDAH 009 19/12 28/12 KEDAH 008
      102 words

  • Page 30 Advertisements
    • 944 30 fee DSR-SENA TOR iml Round the World Container Services MONTREAL AND TORONTO VIA VANCOUVER, B.C. NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****10 FAX: *****30 TLX: RS ***** FOR ENQUIRY/BOOKINGS: JENNY/LAY CHCXX'ATHERINE *****44/40*43 PORT KLANG: SIN ARAN MALIM Sim BHD TEL: 03-*****88 (5 HUNTING LINES) FAX: 03-*****58 FOR ENQUIRY/BOOKINGS: MS TAN
      944 words
    • 1202 30 MY ANC UifclE VML ,nt#m#t ****>■ //www.yml.com.tw foUkkXilAb* tk ummmMmsnMEnnmEiminnmnmmnm hxj VESSEL VOV LEM FXT HAM ANR HFA SIN DOVER BRIDGE 96/A742E SLD SID SLO SLD SID 09/12 MING MOON 04/A743E SLD SLD SLD SLD SLD 16/12 MALACCA BRIDGE 89/A744E SLD SLD SLO SLD 09/12 23/12 MING STAR 02/A745E SLD
      1,202 words
    • 628 30 S& JESSELTON LINE By Jt TfLt MSI3II FAX: *****37 MUARA 1 j LABUAN vessel voy itd iu vessel vor ire eta SPOtE MUAIA SPOtE IBM tmoum vjoe/97 su 09/12 tft&aotr vme/»7 sid ie/11 jnosfa vm/t; 11/12 m/ii jrtosra rm/v 11/n u/12 imaoir vsie/w is/12 u/12 vmun vsie/w ts/n n/12 IHKKPB
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  • Page 31 Advertisements
    • 1396 31 IVISMI VOY SIN BKK POU PKO P€N BLW BUR BA I BIK IRAN MEEZAN PJL-1261 11/11 26/11 24/11 IRAN TEYFOURI PJL-1260 18/11 24/11 IRAN MOBIN PJL-1262 02/12 11/12 13/12 WAN WAHOAT PJL-12M 17/12 26/12 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN ft CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN.
      1,396 words
    • 2388 31 CARGO TO C.I.S. AREAS: I ST. PITERStURG, RIGA, TALLINN, I KUIPIPIII fl| SINCATOtf'S GENERAL AGENTS: 6 SHINTON WAY TEL 226 1900 FAX: ***** M OUTWAUD (l/l) IB ToHO«Ofncr i— COSTAR SHIPPING PTE LTD #17-01 MSRLDG SAUS/IKGS 4205M1/43 inward DEW (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0
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  • Page 32 Advertisements
    • 1259 32 p :-'X mmmmmmmmmmm SGP ROM ANW HM THP ZEE UW LMV TMP ROM ANW HBG PKL S6P E. RENOWN RW-023 11/12 BZ/tl 07/T 83*1 o*9l 3*31 17/91 E. GLAMOUR RE-«3 11/11 13/11 15/11 N/12 IVI2 E. DAINTY RW-003 20/12 IMI 14*1 IWI 12*1 13*1 14*1 E. OAKLAND RE-061 12/11 21/11
      1,259 words
    • 849 32 M\V VIJ CWW.lseWT*eoee SWJ: <004) *****8 MAMLA: (632) *****61 PENANQ: (04) *****36 BANGKOK: (882) *****87 SURABAYA: (31) *****0 P- KELANQ: (03) *****77 JKT (21) *****07 MPN: (61)*****3 PUSAH USA/JAPAN MV "HYUNDAI GENERAL" V.308E MV "HANJIN CHUNGMU" V.162E ETA SIN: 15-12-97 ETA SIN: 14-12-97 LAE AUCKLAND MV "CAPE NELSON" V.245/97 MV
      849 words
    • 432 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURmUS SOUTH AFRKA VPSE I VOT I SI I PUI I DW I OT I »/uT 6AITOMMI 002S 14/13 21/12 01/H mmiwucow ooas n/i? 02/01 m urn immPBIIg OlfS M/ 12 W/DI 14/81 wramaus 02<s M\ 12/01 m 20/ Di 2</pi auamm dots 12/01
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  • Page 33 Advertisements
    • 537 33 BSA a. IfML MYANMA FIVE STAR UNE (Myosaor National Um) Loading for Yoagon (Raigooa) Vissa TOY SM IN m m HPA-AM 219W IN PT rATNBN 144W 12/12 MALAYSIA A6Q(TS: lOUSTIAD SMffStG AGCNCKS UL- TH 07-03-*****00 PKL: TB 07-03-*****01 POt TE 07-04-*****07 PGO: TH 07-07-*****71/4 BANK LINE (A SRfvki of Aadrtw
      537 words
    • 1123 33 A HYUNDAI MERCHANT MARINE CO. LTD. ivcsa LtH Iml MH I HOI lat I m [vessel vot uw me h*m m aht rtr TAB NYIARON Stow 15/11 #1/01 07/01 04/01 M/ 01 M/« 1 HY GENERAL 30N 19/11 22/11 23/11 2*/U 25/11 27/11 15/12 MYERPOOt 30fW 72/12 M/ll W/01 11/11
      1,123 words
    • 633 33 FAMOUS CONTAINER UNES I ICS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 2/ HOT LINE: *****33 (30 LINES) WaP*MMI«ESS:»wwH«»*.w.H HWIMmSS: I..t—ji DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 > r P KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT QLOBEUNK PTE
      633 words

  • Page 34 Advertisements
    • 812 34 >»W«KOK/L*m CH*»AMO J Alt AWTA/»H J*HO j VESSEL voy sin bkk lch vessel VOY sin JKT PJN NANTA BHUM 371N In Pt 13/12 12/12 DEJA BHUM 72SS In Pt 12/12 11/12 XETHA BHUM 221N 10/12 14/12 MATHU BHUM 3S3S 11/12 13/12~ BANI BHUM** 7SN 10/12 13/12 14/12 MATHU BHUM *****
      812 words
    • 102 34 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax: 65-276 3740 GEMARTRANS 4 SAILINGS WEEK TO HCM vcsa VgT W HCM gm ***** ***** iiTH
      102 words
    • 682 34 PUL international line PUL INTERNATIONAL JAKARTA (UK I) SSIGS/WK nc w 1£! I sriSlsrH l t SUtAMYA 2 SI6S/WK vu vor 5T om sw PKAWWWU JS_ JLELSH ia/12 wlsm mmojatakato j«_ J2ZI2. «L_ W wotT ltm DRAGON SUMATRA MS IS/12 HON 16/12 n«l M/TJ AJJiO UTUATO ITi "TyTTm H/TT "lsr
      682 words
    • 745 34 AyiCCORD SHIPPING PTE LTD Til: *****15 (40 Un*«) FAX *****30 KXTKUUK (03) U7 mi DIRECT ACCESS TEL *****55 (EXPORT BOOKING) MS* MMM •nnif I 1177 *****54 (EXPO4tT DOC), *****59 (lAAPORT) MAMG (04) UJI US s*™ JAJUUtTA (II) *0 0770 W>W WJk SIN POtT ITA SIN POKT tTA SIN POtT ITA
      745 words

  • Page 35 Advertisements
    • 509 35 INDONESIA NATIONAL LINE TO EUROPE H EXPRESS SgMI-COWTAiNEBISED SERVICE ~55l VOY S'PORE IA'OAM/R'OAM H'BURG BREMEN ANTWERP A VESSEL 21/01 24/01 OMIT 27/01 TO AUSTRALIA FULL CONTAINER SERVICE ya. IvoTfSnSri fwe one rro mh. hoa adl fk KASUGAI |VM|MI2 OH2| 17/12 I*l2 22/12 2»12 rtOICOUOYDMSa«Ni|vi3S|II/12 iyi2|2l/12 2W2 »i 2 ffrST oiiT
      509 words
    • 1175 35 ADVANCE CONTAINER LINES (PTE) LTD AP I 140 Cecil Street, #12-00, PIL Building. Singapore *****0 M TEL: *****21. FAX *****19, TELEX RS ***** ACLFL CR NO. **********0E OPERATIONS: *****6<y *****06 BANGKOK JAKARTA VESSEL VOY SJN BKK VOY SW JKT SWO OCEAN 10/12 V*d 13/12 Sc. SUA* NUSA (UTCI) 980 10/12
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    • 950 35 IvEsaas wy jed I mla leh ham tw fttm zee VILLE P*AQUARIUS U23W 11/12 20/12 2A/12 3<yi2 3t7t2 QB/01 03/01 04/01 VJ-EPE TAURUS A23M) 16/12 28/12 tttt 06A>1 06/01 06/01 06/01 155 i WUfDEMffAHtS L23W 26/12 03/01 (WOl IVOI IMH WW is6i yvryi VILLE DC VIRGO S23W 07/01 12/01 16/01
      950 words
    • 28 35 /^fNORBULI^ I NORBULK CAROO SERVICES LTD I REGULAR CONVENTIONAL ■mnuNun m/ii w/w m/m/m/m I IiMIM 2S/1I CUOMO/HD SU PORT |MJO LOWS SMMWHAMWMMOO PORTS IwnUUTM 20/12 NONGUN6/BUM6 I WKBBO
      28 words



  • Page 38 Advertisements
    • 44 38 To retrieve more schedules, just follow these simple steps... a 1 74Q_0QQQ^^^^^^^^P rj*' the port your Step "Ynd key in the four number %> J| digit code Key in your Example: r-U fax number ITo NEW YORK (NYC) 2275 for calls within Singapore United Slates
      44 words



  • Page 41 Miscellaneous
    • 108 41 LEGEND R Thunderstorm Temper oture »q X\ V Shower Weother Wind direction with speed in knot* Rom CJoudy Sky Wov height Stiff*# wind* or* mdketed by orrow* which Hy with the wind One tul circle represent* colm or light and vo. .able wind* i__ One hoW Heche represent* 5 knot*
      108 words

  • Page 42 Advertisements
    • 84 42 ~BU SINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 Press "I" key in Document Code Key in hx number Enter your phone number I I ONLY MOBITALK OFFERS CRYSTAL CLEAR g No static No crosstalk. Just crystal clear communication.
      84 words