The Business Times, 29 December 1997

Microfilm: NL21062
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) ll(V15>/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes MONDAY, DECEMBER 29,1997
    12 words
  • Article
    MARKET SUMMARY
    48 1 STB LIRA BT-SJU M8.43 -1117 KLSEOOMP MM -17 J NIKKEI 14JHM -U2J» BANG SENG ltjMS.44 -AS7 ffWTIHMn WW -MM JAKARTA COUP—JK53 +17.71 MANILA OOMP UM7.S -10.97 TAJPHVP! S.1MJ4 -ftlM SEOUL COUP S7U1 ,».71 CLSA CHINA B *4J7 SLSX AUST ALL ORD 1564.7 +26.6 BOW 7.C79J1 -TUB
    48 words
  • Article
    FINANCE
    64 1 U» 81 m —u7i I 1.(71 1791 m MM IM CM MM ljn HI MM -MB BKS lift. MM BAHT Mil MM HJF1AI1M Mil MM PtOOB BATES SINGAPORE* .177 KUALA LUMPUR M» JAKARTA l&M BANGKOK lift MANILA lift HONGKONG Ml TABH KM 8YDNEY iM TOKYO 1M SEOUL ll» wncr-
    64 words
  • Article, Illustration
    Lock icon Millenia Walk tenants hit out at poor marketing
    811 1  -  Hiey blame landlord Pontiac Marina over dismal shopper traffic at IV2-year-okl mall By, Jenny Lam [SINGAPORE] Many tenants at Millenia Walk mall in Marina Centre are unhappy with the dismal shopper traffic there and criticise its poor marketing. "The traffic is simply
    SIEW YAW HOONG  -  811 words
  • Article, Illustration
    Lock icon Reflexology gains a foothold among stressed-out locals
    539 1  -  By l Carol Eng [SINGAPORE] Foot reflexology parlours are striding ahead with a new type of clientele stressed-out locals and curious tourists. The parlours are springing up in HDB estates and shopping centres, both suburban and swanky downtown, including Orchard Road. Those in
    ARTHUR LEE  -  539 words
  • Article
    Lock icon Jakarta expected to unveil austere budget for '98
    543 1 JAKARTA Government revenues likely to deteriorate because of currency crisis Reuters [JAKARTA] Indonesia is expected to announce a tight 1996/99 (April-March) budget early next month as government revenues are expected to deteriorate because of the currency crisis hitting the country, economists said.
    Reuters  -  543 words
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      160 1 IMKIDU ■at to US The flight data recorder from the crashed Silk Air jet haa ben sent to the S&ssrsr*" 00 Washington DC for decoding, PfS There's a mood of cautious optimism in the IT industry for the year ahead, going by responses from about adorn industry laeders palled by
      160 words
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      Page 1 Advertisements Column 2
      50 1 Foatteo, former tenants in court battles, Pg 2 &Sr!iy KS^ JESr3K*E< »rw«l V Iflk "-jsj p HI L—■ IE B P K3 EPF J fi >/ sjutf roMfIKW >/ >47 J X/ a IQM /y TSaM gW M w JJS ««rt3 43S Orchard 02-36,Wisma Atria 65/737 64 51 Fax 82
      50 words
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      49 1 Chnjui may ask IMF to ease terms, Pg 3 Mk markets and economies get back on MrtK .i n j lnas f* rial4 "P^ 'x^r-end puiiout. M 1116 YOST It al CfiSßflßQ we take a at the year when everything Asia. And wp consider i s» Don t m's
      49 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Pontiac Marina, 2 former tenants locked in court battles
      479 2  -  The developer is suing over unpaid and dne rents bnt faces counterclaims By, Jenny Lam PONTIAC MARINA is locked in a legal battle with two former tenants Lanvin and Richmall Holdings over their leases at its Millenia Walk shopping centre. The
      479 words
    • Article, Illustration
      Lock icon SilkAir flight data recorder sent to US for decoding
      333 2  -  By< Jennifer Lien THE flight data recorder from a Silk Air jet which crashed 10 days ago and killed 104 people has been sent to the US for decoding. The data recorder was found on Saturday embedded in the Musi river
      FILE PHOTO  -  333 words
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      1053 2 ImpTOue your golf game uiith out special uioods The Maruman Shuttle U-4 Wood is biggest breakthrough for Maruman clubs. Offering the latest in technologies for better performance and accuracy, they're suitable even for professional golfers seeking to improve their game. Shuttle U-4 V available in wl, MO, w3, w5, w7,
      1,053 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon Chuan may ask IMF to ease terms
      539 3 Move may be necessary as economic slump erodes state revenues: premier AFP [BANGKOK] Premier Chuan Leekpai has warned that Thailand may be forced to ask the IMF to relax the terms of its rescue package as the economic slump further erodes state revenues.
      AFP  -  539 words
    • Article
      Lock icon Thai ex-ministers to lobby US over loans
      259 3 Chn&n enlists their help to seek rollover of loans to Thai firms Reuters [BANGKOK] Thai Prime Minister Chuan Leekpai has enlisted popular ex-premier Anand Panyarachun and two former foreign ministers to lobby officials in Washington to support the rolling over of loans by
      Reuters  -  259 words
    • Article
      Lock icon S Korea construction firm seeks debt rescheduling
      188 3 Bloomberg [SEOUL] Chonggu Group, South Korea's 30th-biggest conglomerate, filed for court mediation to reschedule debts, underlining the cost to companies of the nation's debt crisis. Chonggu, a construction business, is the ninth of Korea's big industrial groups, or chaebol, to become insolvent this
      Bloomberg  -  188 words
    • Article
      Lock icon Mr Yen vows to stop yen sliding
      211 3 AFP, Reuters [TOKYO] Japan's high-profile financial official Eisuke Sakakibara vowed yesterday to intervene in foreign exchange markets to stop the yen from sliding sharply against the dollar. "We don't believe that the yen shall be allowed to weaken. We will resolutely stop the
      AFP,; Reuters  -  211 words
    • Article
      Lock icon Kim wants late revisions to Korean financial reform bills
      125 3 AFP [SEOUL] South Korea's president-elect has called for last-min-ute revisions to financial reform bills now before parliament, notably to ensure the independence of the central bank, his party spokesman said. "The proposed bills run counter to our efforts to regain international
      AFP  -  125 words
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      55 3 r= w Chiistofle Paris Champagne bottle opener, stopper and champagne Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Takashimaya Singapore Level 2,391 Orchard Road, Singapore *****3 Tangs Basement, 310 k
      55 words
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      269 3 RSI HEWLETT* I liffll PACKARD I Full Colour display, I I double the I I v*>; I A Mr, &<Bto H I SfT •jHESSaI *>««\i!!r *uL*" r<, si •->»* PP jic -v w --•> p m p 1 .j| w H m T\ W m~ F w M I H
      269 words
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      8 3 Rough year ahead for Japanese economy, Pg 6
      8 words
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  • REGION
    • Article
      Taiwan retailers only ones having a merry Christmas
      628 4  -  TAIPEI Sales are up 12-15% over last Christmas; other Asians are tightening their belts amid financial woes By: Bruce Cheesman JINGLING cash tills in Taiwan are a rare seasonal bright spot in a region celebrating Christmas and the New Year in sombre
      628 words
    • NOTE Book
      • Article
        Lock icon HK to kill all chickens to stop bird flu
        116 4 AFP {HONGKONG) The Hongkong government said yesterday it would slaughter all chickens in Hongkong in a bid to stamp out the deadly bird flu as a fourth death from the virus was confirmed. The authorities said between 1.2 million and 1.3
        AFP  -  116 words
      • Article
        Lock icon Taiwan leading indicator up
        75 4 AFP [TAIPEI] Taiwan's leading indicator of future economic activity rose in November to 106.4 points, the highest since December 1994, the Council for Economic Planning and Development said on Saturday. It said the indicator, which predicts economic activity for the next three months, moved up 2.6
        AFP  -  75 words
      • Article
        Lock icon Indon police breaks up year-end party
        77 4 Reuters [JAKARTA] Indonesian police broke up a year-end party organised by an unrecognised labour union and arrested seven people, a union official said yesterday. About 100 people, including members of the Indonesian Labour Welfare Union (SBSI), workers and street singers, gathered at the party
        Reuters  -  77 words
      • Article
        Lock icon New chief soon for Viet Communist Party
        71 4 Reuters [HANOI] Lieutenant General Le Kha Phieu, a powerful military-political commissar with strong conservative views, was widely expected to take over soon as chief of Vietnam's ruling Communist Party, political analysts said yesterday. His replacement of the current Communist Party Secretary General Do
        Reuters  -  71 words
    • Article
      Lock icon Viet investment approvals down 42% in 1997
      296 4 HANOI Drop is the first since Vietnam opened its doors 10 years ago AFP NEW foreign investment approvals in Vietnam this year showed a decline for the first time since the country launched its open door policy, according to official statistics released on
      AFP  -  296 words
    • Article
      Lock icon Graft hits China state firms
      133 4 BEIJING AFP CORRUPTION and economic crime was rife in 44 of 110 lossmaking state enterprises covered in a recent survey in eastern China's Anhui province, the official Economic Daily reported yesterday. The survey concluded that graft played a leading role in the companies' commercial failure
      AFP  -  133 words
    • Article, Illustration
      Lock icon Putting up a fight
      62 4 [BOMBAY] Performers Satish Kumar (L) and Srijith (R) demonstrating the Kalarippayat, an ancient martial art from the South Indian state of Kerala during a promotional drive by the Discovery channel in Bombay on Saturday. The channel is screening special programmes on Indian history, culture and wild
      REUTERS  -  62 words
    • Article
      Lock icon Taiwan ups limit on foreign funds
      190 4 TAIPEI AFP TAIWAN financial authorities are to raise the ceiling on foreign investment in the country's stock market, allowing foreign investors to control up to 30 per cent of shares on the bourse, it was reported here yesterday. Finance Minister Paul Chiu announced on
      AFP  -  190 words
    • Article
      Lock icon Foreigners eye cheap luxury cars in Thailand
      224 4 BANGKOK AFP FOREIGN businessmen are eyeing cheap deals among a welter of luxury cars repossessed from Thailand's "formerly wealthy" as the economic downturn bites, a report said yesterday. The move could provide an unexpected foreign exchange windfall for cash-strapped Thailand, the Nation said.
      AFP  -  224 words
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      39 words
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      451 4 CATS. 1800-737-1166 NOTICE OF MEETING OF NOTEHOLDERS Van Der Horst Limited (the "Iseuer") (incorporated and registered as a public limited company in and under the laws of the Republic of Singapore) U5555,000,000 Floating Rate Notes due 1999 (the "Notes") Notice is hereby given that a meeting of the holders of
      451 words
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      84 4 With a worldwide team of 250 multi-disciplined professionals and a network of international offices, OCRA provides confidential and II 11 cost effective company formation in aM the major low tax areas including: Full Professional after sales services provided. For a FREE copy of our 100 page colour brochure or to
      84 words
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      62 5 Pgr; y y V > •> HMf >, afc. y > IBF 361 mMMk b*&* a A i Jr Jr ytt j ■f "Anything about p. my CPF account. Anywhere." A fPSNfer ISEf am i 1 *4 "'*f: vaga Jwfejwdte d£^H|H A rfßa| -IS* J«• ■-»,.> V. mm S "t-••
      62 words
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  • REGION/WORLD
    • Article
      Lock icon Rough year ahead for Japanese economy
      543 6 TOKYO Analysts pessimistic about any measures to launch a recovery of the economy AFP WHEN Japan's fourth leading securities house collapsed and its president finished his last press conference in tears, the Japanese public knew their economy was in a shambles. Amid shattered corporate
      AFP  -  543 words
    • Article, Illustration
      Lock icon Chiapas massacre: mayor faces charges
      261 6 TUXTLA GUTIERREZ, Mexico AFP A SMALLTOWN mayor belonging to the ruling Institutional Revolutionary Party (PRI) was formally charged on Saturday in connection with the massacre of 45 villagers in the troubled state of Chiapas. Jacinto Arias Cruz, the mayor of Chenalho, appeared before a federal
      AFP  -  261 words
    • Article
      Lock icon Congress chief upbeat despite defections
      210 6 NEW DELHI AFP THE chief of India's once-dom-inant Congress (I) party said a spate of high-profile defections would not damage the party's poll performance in elections early next year, dailies said over the weekend. Sitaram Kesri was quoted on Saturday as branding the defectors "black
      AFP  -  210 words
    • Article
      Lock icon German industry upbeat about 1998
      259 6 FRANKFURT Tornaronnd seen in troubled labour market next year Reuters GERMAN industry is heading into 1998 in a confident mood, expecting to benefit from strong growth in foreign markets, according to a survey published yesterday. The poll of industrial sectors in the Welt am Sonntag
      Reuters  -  259 words
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      Page 6 Advertisements Column 1
      720 6 W 1 O Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Balance Sheet Statement of Profit and Loss As at December 31,1996 For the year ended December 31,1996 ASSETS 1996 1995 I9H 1995 BAHT CASH AND DEPOSITS AT BANKS AN DIVIDEND C ?iSlS o, ta k 35,677,455,488 23.027.952.231 Lo«u dq».i
      720 words
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      Page 6 Advertisements Column 2
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      54 words
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      Page 6 Advertisements Column 3
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      136 words
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      890 7 ttneilk the ice with a conversation t. piece from Sunday Gallery b 9 ff a Sunday Classified special J s ji 5j t on antiques, coilectois' |&5? items, and arts crafts |cXrk| Where to wine, dine and entertain...^^NewpSS. Tke Hubcrtus Grill returns ky popular demand (or Xmas Eve Day and
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      Page 7 Advertisements Column 2
      137 7 ivv-v 24-hour Coffee House l»t floor The Chicken Rice Capital Of The World 4M**£arm Cyy^y 333 Orchard Road, Singapore *****7. Tel: 737 4411 From2lfi Decet-Jber MMA njM- HwoyflU H%e f«Hve se«s«i our f«to)es win jnww ben««H* H»e swNfH»w*s festive te««WeH AefcjM-Pul sef mams, «hck»>Mg CW»«tt Eve, Owiitwws D«y W Hew
      137 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      834 7 TV&RAPIO Movie: Adrenalin c^iiMrgffTTiTTSa—l On 5! Demolition Man. LOO PM TV Innovations. «0 PM TV Innovations. 1030 News 5 Tonight. XOO CDIS. I 2-30 The Winners. ILOO Business Day. COO Sangam. i 100 Money,Money.Money. 11 m Spin City Bye Bye 7JO TamilSeithi(News)(T). Ml" 130 Talk of Asia. Love. &OO Berita
      834 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      142 7 CRYPTIC CROSSWORD 28 Petsin retr^ DOWN 11 Dog the crossword compiler SATURDAY'S SOLDTVW 2 Suit Len crumpled might be 0111)1111 (5.6) found in the kitchen (7) Concert-goer, one at the 3 Not an old horse pistol (4) front? (10) lsM*^L|o*^p^Rm^|olNj 4 Food to spring up rapidly (8) Always in 18
      142 words
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  • BUSINESS IT
    • Article
      Mood of cautious optimism in IT industry
      214 8  -  Leading companies foresee slow but steady growth ahead Byl Raju Chellam [SINGAPORE] THERE'S a mood of cautious optimism in the IT industry for the year ahead, going by responses from about a dozen industry leaders polled by BusinesslT last week. Most of the
      214 words
    • Article, Illustration
      Export sales will feel currency crisis impact
      471 8 HO W do yo«t see the IT Market in Singapore and the region developing in 1998? Singapore's IT industry recorded a strong growth of 84 per cent last year, with revenues exceeding 19 billion. Export tales accounted for more than half of this
      471 words
    • Article, Illustration
      Companies will need to be more creative
      393 8 HOW do you tec the IT market in Singapore and the region developing in ***** The knock-on effect of the Asian currency crisis on the stockmarkets and economies of Asia has spilled over to the IT Industry. The latest climate survey of SFCI
      393 words
    • Article, Illustration
      Target: Pentium II in all price segments
      169 8 Prospects for 1998: One ofthe hottest issues in the corporate computing environment has been the move towards visualisation of data. Intel believes that visual computing —the ability to deliver a life-like, visual interactive experience to the PC user—is poised to become the mainstream
      169 words
    • Article, Illustration
      Sun will grow at a slower pace
      154 8 JL Prospects for 1998: The market will see more network and Java-enabled devices like smartcards and phones. As Singapore ONE moves into the next stage, e-commerce solutions will be a strong feature. Sun's positioning: The growth for the IT sector, measured in US
      154 words
    • Article, Illustration
      IBM will focus on e-business
      173 8 Prospects for 1998: With the close of an exciting 1997, IBM is uniquely positioned to set the pace for the many IT challenges that will unfold in the new year. In the *****, we have seen a trend towards a networked world where companies strive
      173 words
    • Article, Illustration
      Compaq expects further consolidation
      174 8 Prospects for 1998: Compaq realises that customised services will become a key consideration In purchase decisions. With the combined power of the PC and the Internet, businesses will be able to compete on a more level playing field, and legacy systems will be displaced by the
      174 words
    • Article, Illustration
      SAP sees minimal effect on IT market
      191 8 Prospects for IMS: The IT market may not be affected at all by the temporary recession in the reglon. I believe that some segments will actually accelerate business during this phase. Businesses that have managed to continue without any major investments in IT,
      191 words
    • Article, Illustration
      Microsoft cautiously optimistic
      115 8 7'V J. V M. Proapactsfbr lttNfc The IT industry win cootlnus to grow, year-on-year. to perhaps 20 to 25 per cent, down •lightly from earlier forecast*. Microsoft Singapore Is cautiously optimistic. New products and new markets will help drive growth; for example, Microsoft Exhange 5.5, Windows 98.
      115 words
    • Article, Illustration
      HP to focus on managing the TCO
      187 8 w v_ Prospects tor 1M8: Even with the currency turmoil in the region, we believe if s not all gloom and doom for the regional IT markets. We are going to see some delays and cutbacks in major IT projects, and sales will
      187 words
    • Article, Illustration
      Seagate to pursue new approaches
      178 8 Prospects for If: This past year has been an exciting and challenging year, as the market drives a dramatic transformation in the IT industry's convergence of computer technology with consumer electronics and telecommunication. People everywhere now require communications capability, not just throughout, but also beyond,
      178 words
    • Prospects for IT industry still promising
      • Article, Illustration
        Acer mission to outperform the industry average
        174 9 Prospects for 1998: We believe that the prospects for the IT industry are still promising and we envisage a fundamentally strong economic situation in Alia. Computers can be classified as productivity tools, not luxury items. Therefore, governments and parents in the region will
        174 words
      • Article, Illustration
        Aztech's strategy is to expand product offerings
        154 9 JL Prospects for 1993: The IT industry has been experiencing growth of 20 to 26 per cent for the post few years. For 1986,1 believe there will still be growth, but slower in view of the current financial turmoil in Asia. Aztech's positioning:
        154 words
      • Article
        Apple riding out turmoil with partners and customers
        159 9  -  Samit Roy —Samit Roy, managing director, Apple Computer South Asia Prospects for 1W8: We see a significant growth tn the two markets where Apple leads: creative and education/learning markets. Moet governments have made introduction of technology in schools a major priority to
        159 words
    • Article, Illustration
      New videoconferencing technology from local firm
      543 9  -  Remote Vision plans to license it to firms in US and region By* Toh Han Shih [SINGAPORE] Local firm Remote Vision has developed a better videoconferencing technology which it hopes to license to firms in the US and the region. Its business manager, Frank
      543 words
    • Article
      Lock icon Apple's finances more pressing than CEO search
      800 9 Reuters [SAN FRANCISCO] Apple Computer Inc may still be seeking a new chief executive, but getting its finances in order in the new year is a more pressing concern for the struggling computer maker. Apple has some breathing room in its search for
      Reuters  -  800 words
    • Article
      Lock icon Japan's NEC boosts control over Packard Bell
      276 9 Reuters [SAN FRANCISCO] Japan s NEC Corp has effectively cemented control over Packard Bell NEC Inc by agreeing to invest an additional US$24O million (Ss4oB million) in the struggling personal computer maker, company officials said last week. Packard Bell NEC said that NEC
      Reuters  -  276 words
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      21 9 fNjj,, Lunch Guide 1 Your weekly guide to good food -The New Paper Fastads, I every Monday. t I FaSmSmJS 1
      21 words
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      Page 9 Advertisements Column 2
      383 9 The NEC MultiSync MTBIO MTIOOO LCD Projectors. Powarful, Portable, Profeaalonal The MT810& MTIOOO offer outstanding, highresolution image quality designed to impress every This stylish remote with built-in laser pointer allows Quick access to Key features and adjustments brightness and colour contrast Computer and presentation MultiSync MTIOOO LCD Projector control With
      383 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SRI Fund assets down 30% after first year
      480 10  -  But $250 m listed •pen-ended unit trust outperforms BT-SRI by 10% By\ Shiv Taneja [SINGAPORE] Investors in Singapore's largest and only locally-listed unit trust, the Singapore Regional Index (SRI) Fund have seen just under 30 per cent of their assets wiped out
      Source: Bloomberg  -  480 words
    • Article
      Lock icon Little relief seen for Indon bourse in '98
      286 10 Bloomberg [JAKARTA] Indonesia's battered stock market is likely to see little improvement in 1998, as the plunge in the rupiah cripples economic growth and corporate profits and threatens to shut down companies unable to pay off foreign debt. The benchmark Jakarta Composite
      Bloomberg  -  286 words
    • Article
      Lock icon Hirotako revises PCV acquisition price
      314 10 MBT (KUALA LUMPUR] Hirotako Holdings Bhd has revised the pricing and mode of payment for a proposed acquisition of PC Ventures Sdn Bhd (PCV). The revision in the proposal for the entire issued and paid-up capital of PCV follows changes in the economic and stock
      MBT  -  314 words
    • Article, Illustration
      M'sia can't afford to give out life-buoys to privileged few
      663 10  -  MMMMBT MATTERS Dilemma looms ahead as more tycoons get into dire financial strait* By Eddie Toh MALAYSIA started the year with a bang and ended it with a miserable whimper. In less than twelve months, Malaysia has turned from a
      663 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US brokers ask court to back US$910m settlement
        470 11 They still face probe into claims of collusion to keep np spreads on Nasdaq FT [NEW YORK] A group of the country's largest stockbrokers will ask a US court today to back a US$9lO million (Ssl.s billion) settlement that would resolve claims
        FT  -  470 words
      • Article, Illustration
        Lock icon TWA on the road to recovery, say analysts
        251 11 AFP [WASHINGTON! Trans World Airlines (TWA), whose financial struggles intensified following the July 1996 crash of its Paris-bound Flight 800, may be on the road to economic recovery, analysts say. TWA once a major carrier with many international destinations recently raised US$2OO
        AFP; FILE PHOTO  -  251 words
      • Article
        Lock icon PC makers set for strong Q4 results
        634 11 Compaq leading, but industry's revenue rise seen moderating Bloomberg [HOUSTON] Compaq Computer will be the biggest earnings gainer among computer makers this quarter, leading a pack of personal computer companies still benefiting from solid demand and higher corporate spending on technology. Dell Computer,
        Bloomberg  -  634 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon M'sia finance firms in final talks on mergers: sources
        500 14 Central bank facilitating talks involving country's 6 largest finance firms MBT (KUALA LUMPUR] Local finance companies have finalised talks to have five or six of them acting as anchor companies for mergers to consolidate the industry. Sources said Bank Negara Malaysia
        MBT  -  500 words
      • Article
        Lock icon US banks buying up mutual funds
        442 14 Bloomberg {BOSTON] Big US banks are on a mutual fund buying spree. JP Morgan is paying US$9OO million (Ssl.s billion) to buy 45 per cent of American Century Investments, the fourth-biggest US manager of "no-load" mutual funds. Mellon Bank is spending about US$275 million
        Bloomberg  -  442 words
      • Article
        Lock icon UK probe into US brokers' cold calls
        258 14 FT [LONDON] The Financial Services Authority is investigating the practice of unsolicited telephone calls from US stockbrokers to potential UK investors. The latest wave of cold calls appears to target company executives at work. One firm in the FSA's sights is Walsh Manning
        FT  -  258 words
      • Article
        Lock icon Investors flee global funds for US stocks
        204 14 Bloomberg [NEW YORK] Mutual fund investors are withdrawing cash from international stock funds and pouring cash into US stock funds as 1997 comes to a close, according to an industry report. An estimated net US$65O million (Ssl.l billion) was pulled from funds investing
        Bloomberg  -  204 words
      • Article
        Lock icon Upbeat year ahead seen for India's commodity trade
        406 14 Reuters [NEW DELHI] India's commodity trade ably weathered the storms that hit Asian economies in 1997 and industry officials and analysts expect the new year to be equally good for the trade, if not better. On an upbeat note for 1998, O
        Reuters  -  406 words
      • Article, Illustration
        Untitled
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        750 words
    • COMMODITIES & FUTURES
      • Article, Illustration
        Lock icon Won stages sharp rebound
        563 15 g™" Weeklyßoundup AFP [HONGKONG] The South Korean won staged a sharp rebound after news that an international financial bailout for the country would be speeded up. But there was little Christmas cheer for other Asian currencies, with most continuing their decline against the US unit. JAPANESE
        AFP; Source:  -  563 words
      • Article, Illustration
        Lock icon Gold regains some shine in quiet pre-Christmas markets
        864 15 COMMODITY Weeklyßoundup AFP [LONDON] Gold retrieved some of its shine last week, rising above the US$29O an ounce barrier thanks to investors short-covering before the end of the year. In a week shortened by the Christmas holiday, the pre cious metal was
        AFP; Source: Bloomberg  -  864 words
    • Article
      COMMODITY PRICES
      1541 15 SICOM FUTURES BUBKK (tutiirM doting ts 5-30vn) KSS1 CONTRACTS cwrts/k«) CiOM ¥*MW Ojfm M mfc uw Stt (too—») lotomt Jan 98 Q050 HOJO OfcOO 50 MM 121.50 700 Mrtt 122.75 595 Wjn 9e t27.2S 1850 ZSpn -***** ZM5 O5.00 4500 *>■» Jm98 6100 53O 55 760 TO FtftW
      1,541 words
    • Article
      BT SHARE INFORMATION SERVICE
      2480 16 •tot Mm KM MMC* Oct Z9 I U« 1323 Ml 148 Dato TV LV TY W MM HMgi S«t« P 7321 5-0*9 439 111 Cinwy mm l«t tow <ct» UOC* SapiB I SIS MJ 442 4.08 AM09* N0»29 I B.427 55.7W 231 lis MM fj|° *5
      2,480 words
    • SINGAPORE WEEKLY MARKET OUTLOOK
      • Article, Illustration
        Lock icon SES
        169 16 Market outlook The Straits Times Industrials Index closed at 1,552.52 for the week, down 1.3 per cent for the week. The overall market was dragged down by bad sentiment, the currency turmoil and uncertainties ahead. Singapore and Malaysia stocks still remain week, last week, the dual listing issue was
        Source: Bridge Info  -  169 words
      • Article, Illustration
        Lock icon SPH
        88 16 The latest move by SPH to unify its local and foreign shares brings some great news to the local and foreign shareholders. Under the scheme, foreign shareholders will receive 16 per cent more bonus than local shareholders. As for local shares, the EPS enhancement will re-rate the local shares
        Source: Bridge Info  -  88 words
      • Article, Illustration
        Lock icon ASA
        112 16 Bad sentiment and falling demand have sent electronics stocks reeling. Investors are concerned about the oversupply in some sectors and that demand/sales in the US during the Christmas season may not be promising. However, ASA is optimistic of a 30-60 per cent growth. The announcement by its major Korean
        Source: Bridge Info  -  112 words
      • Article
        EXPLANATION OF TERMS
        261 16  -  Source Analysed by Peter Coker a director of Bridge M l Broking RSI measures the rate at which prices move. As a rule, an RSI above 80 indicates an overbought condition while RSI below 20 indicates an oversold market. RSI is more effective in detecting divergences (sell
        261 words
    • MARKET REVIEWS
      • Article
        Lock icon Investors in HK brace for uncertain week of trading
        259 17 HONGKONG AFP HONGKONG'S stock market is braced for further uncertainty amid a deepening regional financial crisis after losing 0.6 per cent in a holidayshortened week to Wednesday, dealers said. "Trading day-to-day depends on what's going on in other markets," particularly Tokyo
        AFP  -  259 words
      • Article, Illustration
        Lock icon Little cheer as US analysts worry about Asia crisis
        443 17 NEW YORK Performance in Jan will provide clues to longevity of ageing boll cycle: analyst AFP THE gloom may have stolen Christmas on Wall Street, where a traditional year-end rally failed to materialise with traders worried about the financial crisis in
        AFP; FILE PICTURE  -  443 words
      • Article
        Lock icon London market quiet ahead of X'mas holidays
        180 17 LONDON AFP THE London stock market fell on Wednesday at the end of a short pre-Christmas week after losses on Wall Street and growing concern over the economic crisis in South Korea. The FTSE Index of 100 leading shares closed early on Wednesday
        AFP  -  180 words
      • Article
        Lock icon Tokyo stock prices expected to end '97 near their lows
        492 17 TOKYO AFP JAPANESE share prices are likely to end this year near their lows, with investors moving to close out positions in lacklustre trading, brokers said. Thin buying support on Friday left the market vulnerable to a wave of selling
        AFP  -  492 words
      • Article
        ASIAN MARKETS Roundup
        890 17 Sydney +26.6 THE Australian bourse was heading for a volatile week in thin holiday trade but was capable of moving ahead if the pews from Asia brightened, brokers said. j "No data releases, no major Scheduled events to usher in the New Year. Rather the wellpractised art
        890 words
      • Article
        WORLD STOCK MARKETS
        1912 17 HParis +SLIB FRENCH stocks rose on Wednesday as major industrialised nations agreed to help South Korea pay its debts, reviving confidence the expected slowdown of Asian economies won't accelerate and worsen the expected impact on company profits. Luxury goods group LVMH Moet Hennessy Louis Vuitton SA and
        1,912 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8688 18 Cwkmmt protects 1997 LMt Vai Waa6 Mat Cap L— Ciwpiny W» •OOP High Law P/l »«ni 790 205 AJnometo 210 -30 28 231 205 116 85.1 448 90 Angkasa 90 -31 361 120 90 23 132.7 905 170 ApoKo Food HtQ 170 -70 34 270 170 4.9 68.0 765 165
        8,688 words
      • Article
        Lock icon Cautious trading seen on KL market
        500 18 AFP P Composite Index -17^8 MALAYSIAN stocks are expected to remain in the doldrums over the coming days after plunging 3.1 per cent in the week to Friday on a weakening currency and lack of buying incentives. "The bourse will see cautious trading as
        AFP  -  500 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3843 19 BONDS, LOANS WARRANTS Wt 1997 Last Vol Wee* Lm« Ouote Avq MKjh Low Stno Company Sat* Hf COOOI Hlqfc Law »uytr ST >r>M 68 K) m 3000 m AMDB C5.5H*****6 J 2 40 12 10 10.5 11.5 81 12 3160 *Acer W*****1 US$ 12 -1 70 13 12 12 12.5
        3,843 words
      • Article
        Labroy Marine warrant: interesting despite weak market
        196 19  -  WARRANT WATCH By R Sivanithy MOST stocks have fallen to new lows this year but there are a few counters which seem to have reasonable support. One of these is Labroy Marine, whose shares currently cost $1.55 a fair bit off the $1.29
        196 words
    • Article
      CLOB INTERNATIONAL
      2446 19 MALAYSIAN STOCKS Of Or 1997 Last Vol Week Last Ouote Dtv DW YM Net M Cap High Low St no Company Sato COOO) High Law Buy of Seller C'»r P/Z Smil 478 39 ms 5000 AIS8 50c 43.5 cd -12.5 693 55 39 43.5 44 5.0 3.3 2.5
      2,446 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1352 20 TUWtOVEB COOO) VALUE COOO) cut T«m mm o» t»u< MMrW INJTI 64.653 240.933 493.914 WW SUMS FIMHC* 33.846 38.322 ***** 281,001 IM0I 30(1601 MMMt 63» 2.629 9.150 8,506 640 9.M6 PropwtJM 24.540 27.083 51.&23 81,148 *090 87.238 PUnUttaw 5,798 5.798 3*73 1.*73 MMnq U248 U48 473 473 Btw 8.165 29.778
        1,352 words
      • Article
        MAIN BOARD
        5029 20 Week Ended Dec 2G 6c Or M Wt tMT Last Vol *Nt Laat Ouot* Dtv Ota YM Nat Cap Ay* HUE Law »«W Cliquy W« COOP) HMfc L— 0»Y*r SaWar Cw P/» »NI Wo MMSIMIS 157 25 1020 ACC Dynamic s 60c 26 -3 470 30 25 25-5
        5,029 words
      • Article
        SESDAQ
        1146 20 Or Of M wt 1991 Laat Val MM LastOiwt* M« Oh YM M C«p An U» »«*> Ciwpiif ttf *h COOO> L— l»T* 6a6»r CV W Mm SCSMO 186 76 2000 ABRHM9«5C 130 US 137 123 129 130 10 60 0.1 185 7 973 136 446 116 2049 AS
        1,146 words
      • Article, Illustration
        Lock icon Untitled
        393 21 Chart info from Bridge Itfrrtit Mw *MBf Capita 17,197.000 Uraco HWgsKk 16,106,000 SingTel 15c 15,758,000 •RHBCap Wt99 13.171.000 Asia Food&Prop 9.954,000 DBS Land 9,867,000 •Rekapacifk Ml 9.516,000 STEnggKk 9,415,000 •M Resources 8,770,000 SIA Foreign 7,521,000 Stacks MS Foreign 96,217,144 SI A Foreign 81,527,361 SPH Foreign 80,332,144 U0B Foreign 49,410,261 SingTel
        Chart info from Bridge  -  393 words
      • Article, Illustration
        HOT STOCK
        64 21  -  -by Shiv Taneja TOTAL Access Communications ckmd 6 US cents higher last Friday at JS US ants on a volume cf 1.05 million shares traded, compared with its lOday traded average of *****40 shares. The daily and weekly RSI and Stochastics are heavily oversold In the snort term,
        64 words
      • Article, Illustration
        Hopes for a recovery may lie in benchmarking
        675 21  -  Funds that have cat their weightings in S'pore, M'sia to below the already-low weights in MSCI indices cannot afford to remain underexposed for too long THE WEBK AHEAD By R Sivanithy THE head honcho of a large listed firm here recently declared
        675 words
    • THE AST ENTERPRISE PAGE
      • Article, Illustration
        Lock icon Information at a touch — the plain Fact of business
        874 22  - Information at a touch the plain Fact of business An innovative accounting software allows real-time posting of all business transactions, reports tan su yen TAN SU YEN uwp HE small guy in Macpherson no longer does business with people in his kampung alone. He's competing with multinationals here, multinationals abroad,
        ARTHUR LEE  -  874 words
      • Article, Illustration
        S'pore SMEs count on the Canada link
        413 22  -  PSB initiative hopes to match S'pore and Ottawa businesses Tan Su Yen THE world beyond beckons and small and medium enterprises (SMEs) here are more than eager to tap business opportunities, not just in the region, but right across the world. The Productivity
        413 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      45 10 I This announcement appears as a matter of record only PARKWAY HOLDINGS LIMITED Ss3oo,ooo,oooTransferable Loan Facility with Embedded Bond Call Option Arrangers THE DEVELOPMENT BANK OF SINGAPORE LTD OVERSEA-CHINESE BANKING CORPORATION LIMITED Facility Paying Agent ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD December 1997
      45 words
    • Advertisement
      Page 10 Advertisements Column 2
      64 10 Level 1 training May 1998 exams, starts 1998 First ever compressive study programme to be offered in Singapore Limited places, call *****77 for brochure and enrolment form. The Financial Training Company 107 A Sophia Road Singapore *****2 Tel: 333 1877 Fax: 333 1355 Email: ftcsing@mbox3.singnet.com.sg The Financial Training Company currently
      64 words
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      Page 11 Advertisements Column 1
      319 11 University of South Australia |mf Adelaide PhD 1 MBA Doctor of Philosophy In I JR Business Management /f JIiWW 13th Intake March 98 sth Intake March '98 Designed to develop Innovation 100% in Singapore *Min 3 years sStetTSikinc High level of face-to-face contact International team of PhD _1C I(VW c
      319 words
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      Page 12 Advertisements Column 1
      2267 12 The Stock Exchange of Hong Kong Limited (the "Stock Exchange") takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of
      2,267 words
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      Page 13 Advertisements Column 1
      4050 13 4. Determination of the Net Asset Value by Arthur Andersen Co. after completion of the financial due diligence Orient Strength Limited is a private investment holding company incorporated in the British Virgin Islands on 8 review. Any dispute between the Vendors and the Purchasers as to the Net Asset Value
      4,050 words
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      116 14 A fsmflHiiEi Mit THAI VILLAGE SHARK SFIN RESTAURATfT PTE LTD sPHHT W r-jtm-Main Branch: 26 Amber Close #01-00 Sea View Hotel, Singapore *****4 Uk 440 8251 Fax: 440 0748 ITalong Branch: SO Stadbm Boulavard 401-01 Oasis Building, Singapore *****6 let: 440 2292/440 8257 Fax: 440 7285 East Coast Broach. 225
      116 words
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      Page 16 Advertisements Column 1
      10 16 Sunday Classified Clarke Quay I Every Sunday, 9am spm [cats.]
      10 words
    • Advertisement
      Page 16 Advertisements Column 2
      265 16 BUSINESS Xoticcs In ;id\ lull-hit.- IMMI-741 IS.S* I CHANGE OF ADDRESS I A T M D I j ALBAN TAY MAHTANI PE SILVA are pleased to announce that I as of 29 December 1997 H their new office will be at: H 39 Robinson Road, #07-01 H Robinson Point H
      265 words
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      Page 19 Advertisements Column 1
      128 19 ANtNM*, INTRODUCING THE MOVADO VIZIO: 1 A POST MODERN PERSPECTIVE ON TIME. Bharath Watch The Movado Vizio™ rl. 2 29 rn m m W rn BBfc Chew Cheone Watch Centre Jm #1 #g\ I Solid stainless steel or steel/18K gold. M 737 9686.734 5096 /V 1 V J\i M I
      128 words
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      Page 20 Advertisements Column 1
      88 20 iona«o»l I sonnmcovß I Optimum energy OctoMron configuration n ijj The ultimate Distance Ball. "The gradual change in softness from the centre to the outside allows the ball to maintain and convert restoration energy (from ball compression) into the ball's initial velocity. Also, Bridgestone's patented high velocity ultrasoft core contributes
      88 words
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      Page 20 Advertisements Column 2
      28 20 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. CATS. I Another Classified Service
      28 words
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      Page 21 Advertisements Column 1
      352 21 BUSINESS Notices m THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF SHONTEL EQUIPMENT PTE LTD (In tMatoan' Voluntary Wlndbtg-Up) SPECIAL RESOLUTIONS PASSED ON 23ROOAY OF DECEMBER 1997 At an Extraordinary General Meeting of the Company held at 588-G Oalaatier Road Singapore *****9 on the 23rd
      352 words
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      Page 21 Advertisements Column 2
      408 21 NOTICE NAKDHNTHON BANK acting through Its Cayman Islands Branch Negotiable Floating Rate United States Dollar Certificates of Deposit due in June 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from 29 December 1997 (inclusive) to 22 June 1998
      408 words
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      Page 21 Advertisements Column 3
      322 21 IN THE MATTE* Of THE COMPANIES ACT, CAF.M AND IN THE MATTE* Of NEW COMBO SHIPS PTE LTD (IN VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of the members of New Coabo SHpa Pie Ltd duty convened and held on 22 December 1997 at I International Business Part. #10-01 The
      322 words
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      Page 21 Advertisements Column 4
      170 21 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Service HELP SAVE THE 6~S-<f\sX\ EARTH, yW (And get paid for doing it) X VJT /J Give the Earth and other Singaporeans a helping hand offer
      170 words
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      39 22 |r jjttß WW r r r BliilßliKJM^^^Bli^BSM^fl^l^^wiß^^HPl^^H^^lCi >- ||f m; W B M I >> >\) authorisedpwrnmront TBSHSSBhi sy«**»op*Ltd •'-||k *****20/*****73/*****30 n^ C AST SMQtfOM PTI LTD \jW*V 401 COMMONWEALTHOMVC#OI-02 jB HAW PAP TECHNOCCNTRE SINGAPORE 14S8M TBj 3786 0 98 HOC *****87
      39 words
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  • SHIPPING TIMES
    • Article
      Lock icon Madras port invites operators on non-tender basis
      343 23 Journal of Commerce (NEW DELHI] The Indian government has invited proposals ftom three international operators to develop and manage the container terminal at the Port of Madras, according to a senior official. The operators are the Port of Singapore Authority, P&O Ports Australia
      Journal of Commerce  -  343 words
    • Article
      MARITIME STOCKS
      202 23 Vis* i cm Dtstrfbutloil OM -0.025 4 Chum Hap 0.54 uncti 22 Con Iwwtiimit 0.07 *0.07 12 rnMMUnks 0J1S -0.005 S3 SiMMtl 0J15 J HatSunMu* 0.715 uncfi 14 MRkMZm* 04 uneft 22S IMC HoMnqs MM Jt«llimjl 0JS *0.05 2* *>«■«»!■« a. -OA 4 -,-ltoMM Carp 4.M uncti 5*4
      202 words
    • Article, Illustration
      First APL vessel reflagged to US registry
      260 23  -  Nine APL ships are part of the Maritime Security Programme By] Marcus Hand [SINGAPORE] With the completion of Neptune Orient Lines (NOL) acquisition of APL, the API Singapore became the first APL vessel to be reflagged to the United States registry. The 4,800
      260 words
    • Article
      Mixed signals from S Korea's Hanjin
      709 23  -  UMER SCENE By David Hughes ALL eyes have been on South Korea over the past few days as the IMF mounted its rescue operation for the won. With luck, and steady nerves on the part of the decision makers involved, the crisis will be
      709 words
    • Article
      Lock icon Kvaerner yard wins US$53m order for ship
      232 23 Lloyd's List [LONDON] Oslo-listed District Offshore has placed its latest investment in sophisticated multi-purpose offshore tonnage with Norway's Kvaerner Kleven. Extending a contractual relationship with the Ulsteinvik yard, the contract is valued at U5553.5 million (SsBB.B million) with an upper limit of US$BO
      Lloyd's List  -  232 words
    • Article
      Lock icon Brazilian-flag vessels face US tax threat
      475 23 The bone of contention is a new Brazilian tax-incentive system Lloyd's List [WASHINGTON) Brazilianflag vessels have been warned by the US they may be stripped of their exemption from US tonnage taxes and light money if Brazil promulgates regulations granting special tax breaks to
      Lloyd's List  -  475 words
    • Article
      Lock icon Yangtze River ports set for expansion
      603 23 Many shipping firms have already moved in to avail of the new opportunities Journal of Commerce [HONGKONG] The Yangtze River ports are awash with plans to beef up volumes. Wuhan, for one, has signed a contract to build an international container port and transshipment
      Journal of Commerce  -  603 words
    • Article, Illustration
      Lock icon Caught in the sea
      78 23 [CALABRIA, Italy] Passengers disembarking from the Turkish ship, the Ararat, carrying 825 illegal immigrants, including 165 children and women, one of them pregnant, after it ran aground overnight off Catanzaro in Calabria on Saturday. The Kurdish refugees had paid about US$3,OOO (555.000) each for passage, hoping
      AFP  -  78 words
    • Article, Illustration
      Free fall in China rates
      1137 24 CONTAINER TRADE There is a de-facto ban on new mainhaul container trade since 1996 as Beijing tries to slow down price spiral. THE China container trade is virtually unrecognisable from several years ago. Gone are the days when nearly all of the China boxes were
      1,137 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      358 24 PACE Ewrgrten 6 am. Express Orient M Accord Fl-Mght 15 AUrenkM 14 F *oo»nthlB <5 FarwWe M n rF T V Astro 3 8 Austral 9 Froti IS A*ant 16 WLtakS 16 B'tang Mis 8 CUn 4 m Gtmartrans 8 in i6 Gwh
      358 words
    • Article
      SHIPPING GUIDE
      19593 32 thebusinesstimes EXPORT FTA ETA Adv.ft.Jtr Vtsstl Voyaqt Ttltphont ETA CTA Advtrtistf VmH Voyaqt Ttttphont £1 SN Dtst n ZT r: IZZ Numbtr SIN D.sfn Nam. Nam. Num b tr Numbtr SI 02/01 il/01 COSCO RIVER CRYSTAL 0047* 65 *****00 31/ A 02/01 29/01 Pro Lint PROLINE 65 *****12
      19,593 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        540 39 VmmI VoyHo Bfth Arrlwl P»pirturt A Oimitrov "12^2300 XMnvutos ***** JOS »long»Jd« 30.12/2300 CMm trtHI 22 J12 lionqsKi* 29.12/0700 Fitrnt Am 12/97 J17 ttonqsidt 31.12/090° Sm2/97 J03 ilongixH 2112/1900 H*$ PrMikM* *****P J13 31.12/0730 MMMi M -o(|((-| 31.12/1000 ihm 9707 J04 ilOflqiWt 02.13/2100 S2L 77H J07 ZSZ 29.12/0600
        540 words
      • Article
        CONTAINER SCHEDULES
        1611 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO Boofclnq/OtUnc* Rstls Ship Voy Mo Etb/Btr Nrto< From To From Acx LtvfOMf 01U 3C/070C M 28/1700 21/0659 21/0900 2t 28/T700 29/0699 21/0900 1 2V0700 21/I1M 29/MOO 4 21/1200 21/MM 21/1700 JkiRMH OOM 30/1200 U 21/1700 21/06M 29/0100 2i 2VUOO 2i/o*M
        1,611 words
      • Article
        GLOBAL HOLIDAY
        39 39 DM 20 Costa Rica, Ireland DM 30 Costa Rica Philippines: Rlzal Day. Dm 31 Argentina, Armenia, Azerbaijan, Bangladesh, Brazil, Canada (Quebec), Chile, Costa Rica, Germany, Japan, Latvia, Pakistan, Philippines, Qatar. Sweden, Switzerland (Geneva) Thailand: New Year's Eve.
        39 words
      • Article
        COCKETT BUNKER MARKET REPORT
        868 39 THIS report compiled by Cockett Marine Oil Ltd, *how* price range* in US dollar* instead of tingle price* for a more comprehensive description of the market Price* shown are baaed on sverage-slsed stem Market movements are Indicated. The Cockett Bunker Price Index change and the individual
        868 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        360 39 Carbon 180 Max 9*9.8 12 15.4 0.10 50 0.02 rw ta Dmi<K> Miter huM tit Segment No Ibovt £25 0 t 1 0 0 0 £US 2222!—_—2222 3*0 AM n*i OJ 12.1 0.06 34 0j02 In*, 380 Max 99L6 0.6 17A 0.Q 63 0.06 It/Wl %in
        360 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Private Thai earner to end all domestic flights
        347 40 Orient Thai to foens on charter services amid economic woes AFP [BANGKOK] One of Thailand's only two private airlines is to cease its domestic flights as the country's economic crisis and restrictive rules in the sector bite into its profitability, reports said
        AFP  -  347 words
      • Article
        Lock icon Indian Airlines seeks fresh offers
        293 40 Reuters [NEW DELHI] State-run Indian Airlines has asked two of the three bidders for its planned purchase of up to eighteen 50-seater planes to revise their offers, a source at the domestic carrier said last week. "The IA board has asked Bombardier and Aero International
        Reuters  -  293 words
      • Article
        Lock icon Price war breaks out among China airlines
        245 40 AFP [BEIJING] Fast-growing fleets of aircraft and a slow rise in demand have sparked a price war among China's 34 airlines since the lifting of ticket price controls last October, the China Daily said on Friday. The sector has also been hit by
        AFP  -  245 words
      • Article, Illustration
        Lock icon Japan's carmakers see home demand driving sales next year
        500 40 But analysts are sceptical with the economy in bad state Bloomberg [TOKYO] Japanese carmakers hope that a revived domestic economy and a 7 per cent boost in overseas production next year will make up for a projected decline in exports. Japan's
        Bloomberg; FILE PHOTO  -  500 words
      • Article
        Lock icon S Korean train project faces revisions
        144 40 AFP [SEOUL] South Korea's multibillion dollar, problemplagued supertrain project faces revision as aides to pres-ident-elect Kim Dae Jung prepare to review its viability, reports said yesterday. Yonhap news agency said Mr Kim's task force in charge of the transition would be briefed by government
        AFP  -  144 words
      • Article, Illustration
        Lock icon Showing off the cars
        44 40 [TAIPEI] Promotion workers performing in front of a Mercedes-Benz A<lass passenger car in Taipei 1997 International Auto Show on Saturday. More than 200 various kinds of new cars are participating in the show that will end on Jan 4. REUTERS
        REUTERS  -  44 words
      • Article
        Lock icon SAir to buy stake in TAP Air Portugal
        325 40 Bloomberg [ZUßlCH] SAir Group, which owns Swiss national airline Swissair, said it agreed to buy a minority stake in TAP Air Portugal when the Portuguese government sells shares in the company next year. SAir spokesman Peter Gutknecht said SAir estimates it will
        Bloomberg  -  325 words
      • Article
        Lock icon Israel's new business jet is ready
        204 40 Bloomberg [BEN GURION AIRPORT, Israel) Israel Aircraft Industries Ltd said its new corporate jet, the Galaxy, has completed its first test flight. The test is part of the company's efforts to certify the new aircraft with the US Federal Aviation Administration, lAI said in
        Bloomberg  -  204 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1559 40 cm rucm n» fuwit etc Abu MmM 0*154 1725 MP92 1935 *TWT WSO —>W 20S 0*157 2235 MtmMm SMTt W» »WI QMS kmtftm *1843 0550 6A994 0200 ttoCMMM VW741 1310 **742 0905 $0343 0755 MP92 1935 ***** 1420 $0172 1005 U.837 1540 $0328 2330 $0173 1905
        1,559 words
  • Page 23 Advertisements
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      1226 24 IHHHHHI 1 Xf *>* T 1 1 OTHER DESTINATIONS I DIRECT TO WEST CPAS* COAST OF CENTRAL AMPWCA (MARQARfTA SEHV>OI> vtssa I voy etasoi etdsm u oa* va sea bmnouoknt mooco an f mm vot m» rurnn* uahiu nuimi outvum umiomco mimac Tn ITT rr-TT-rrrr~^r-77-77-rrrrttzt rrzr —IP csavuiito nw 1W
      1,226 words
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      Page 24 Advertisements Column 2
      623 24 /mKk\ bnes 4 serv,ces represented MJJUJJ.. (-80®;) t> y MwTlt3e reo»theneg«trya« Singapore Freicfit Forwarders wljSPw Accredited Sfvppng Agents, EjAU Association Sngapone Shipping Association SffIPPINGTIMES Just talk to us... Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Japan -2 x Hongkong •1 x Montlo -1 x KoOthiung, Koalwng (Accepting FCL
      623 words
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      Page 25 Advertisements Column 1
      1030 25 H TO EUROPE FROM EUROPE |VHSU VOY SM RTM HAM MV SOU ioT" VfSSB VOX IT* HAM *V SOU IB! «G SM UUMt 1517 24/12 11/01 13/01 14/01 17/01 IHMB *****4/12 02/12 04/12 24/12 25/12 00a GBUMNY 1517 27/12 17/01 15/01 12/01 13/01 IYW 2507 00/12 00/12 12/12 IS/12 10/11
      1,030 words
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      Page 25 Advertisements Column 2
      2426 25 HANJIN SHIPPING USA CANADA* mva/vor Imm| sm "la [~m [~1« floi oi mr pit ios [~wt H5 Im I m Src rn !tk Trrc l rui TO It" om M/ 01 M/ 01 B/01 "14/01 M/ 01 M/ 01 M/ 01 M/ 01 >7/01 M/ 01 B/01 M/ 01 B/01
      2,426 words
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      1231 26 <<r BSR-SEMA TOR ISI Round the World Container Services TO UK/CONTBNBNT FROM UK/CONTINENT tmm Iwy mi lorl m I HOI Irjc I lha llvtwa vot~ lha m htm wv ham m PUOONG SENATOR VMMI *.11 16.61 10-08 *1-61 9H OH 16.01 CHOYANB WCTOBY KO7S 11.11 tl.lI Mil t*.ll *12 *.1f
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      1161 26 MY MMG YML Wwm> W*b Stta http: //www.ymLcom.tw rtijUL44'Hf ft v 4 IJllfU/JI'MM'HH H>M'W! H'IfHII,MJJHII TWOmwlyewrtthursoay/sunday VESSEL WOT SM CMS RT* HAM FIT LEH MM DOVER BRIDGE A752W 02/01 06/01 24/01 22/01 21/01 26/01 MING NORTH J752W 04/01 21/01 23/01 24/01 26/01 MING STAR ABOIW 09/01 13/01 31/01 29/01 28/01
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      617 26 LINE A TILt *****56 NUb ISUIIS I I ABIIAM vosa vor etc ru vissa vor n» iu sroti MiMA sroti lm APM.GUXT VSH/17 21/12 SI/12 MtftOOtT VS2E/17 21/12 SI/11 IWOSfB VOIE/W M/ 01 M/OI IftOSfH VOII/W 03/01 07/01 AmOOfT VOIE/N 07/01 10/01 MMLOflfr VOII/W 07/01 11/01 inosm vok/w is/oi H/oi
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      1463 27 I VESSEL VQY SIN BKK POU PKO PCM BtW BUR |BA I BIK IRAN MOBIN PJL-1262 02/12 11/12 13/1* RANVAHDAT PJL-1285 2S/12 08/0 IRAN TEYFOURI PJL-1267 07/01 IRAN TAKHTI PJL-1268 15/01 24/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN iCIS COUNTRIESj-f AZMMUAN, ARMENIA. KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN, KIRGISTAN, TAOZHIKISTAN GEORGIA
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      1758 27 NOMINE 1 h I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****06 OUTWARD (l/U I COSTAR SHIPPING PTE LTD #i7-08NS»u>G SALES/KKGS 4205M1/43 INWARD OEPT (O/O) *****8S COSTAR AGENCIES (M) SDN BHD |CR NO: *****89Q000M TOWER TWO (*****9) CONVENTIONAL 42QS6S0/5S T/SHPMT OEPT 420SS2S TEL 02-07-35 ***** fAX: 02-07-*****70
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      Page 27 Advertisements Column 3
      595 27 EASTERN CAR UNER, ITD/*ZiSX'! m ffl E id (singapo«o m LID SPECIALIZE IN RORO HEAVY UFT UfTO 122 TONS EG. (SINGAPORE) PTE HO LOADING FOR JEBEL ALI (DUBAI)/PORT KLANG I JAKARTA MV "SEIKI KOCHI" V.124 uw hcau iiama ICOU" V2l ETA SIN 03/01/97 ETA PKL 05/01/98 MV SAN JIANv KOU
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      1188 28 EUBOP&UK/BCAMP WAWWHIAIiP/WUSW rs6Pl ROM ANW HM THP ZEE LHV LW ™S. K?, SSI 2E, HfTl E. ROYAL RW-03S M/ll 23*1 21/11 24*1 21*1 27*1 21*1 i. IAMMB Rt-W1 K/12 14f12 ttn2 06f12 17/12 2*12 JVI2 E REPUTE RW-«12 11*1 20*1 83/02 Jl/tl 02/02 03*2 04*2 t MOjgKJ*, J*g JWI 14/12
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      Page 28 Advertisements Column 2
      890 28 yumM'SIA S55!iilS5aSS ffSa»46B7 > ft KELANQ: (ot)anat77 JOCfc gn> WOUO 1 MOM: (H) 644N23 PUSAIi LAE/PORT MORESBY MV "KMTC PUSAN" V.717N MV "CAPi YOKE" V.Ol S/98 ETA SIN: 31-12-97 ETA SIN: 4-1-98 ROTTERD AM/HAMBURG AUCKLAND MV "PUSAN SENATOR" V.003W MV ''SINGAPORE STAR" V.Ol S ETA SIN: 5-1 -98 ETA SIN:
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      Page 28 Advertisements Column 3
      512 28 Ipv NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa I VOY I sm I Pill 1 DU« I CPT I »/mT HAMUIVBHIS 024S 04/01 12/01 14/01 21/01 23/01 GOLDEN MUGON 007S 12/01 22/01 24/01 31/01 tmmiHtHKKS om if/01 03/02 07/02 jj>wy queen 025S 25/01 02/02 ot/02 w/02 GANttIHUM
      512 words
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      541 29 BSA ii.l M MYANMA IBBk FIVE STAR UNE (Myoamr National Lino) 1 Loading for Yangon (Rangoon) VISSR VOY SIM P*G> PIN PGU PATHBN 144W $U) IMAM 239W iMrr MALAYSIA AGOOS: BOUSTIAD SWfftMG AGOKIIS Kilt TH 01-03-*****00 PKI: IH 02-03-37M101 rot rn 01-04-2****** POO: Til 02-07-*****21/4 BANK LINE (A t«rvi<« Aedr»w
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      Page 29 Advertisements Column 2
      1201 29 IA HYUNDAI I MERCHANT MARINE CO. UP. I VBSfl "voT SIM UH I RTB I ANT I HAM |BM I FIL IVISSIL VOT lUHI Ml I HAM IFH I ANT I »TB s» 1 NY GENIRAI SO9W 20/12 11/01 14/01 10/01 10/01 10/01 21/01 HTCOMMOOORI 30H 04/12 07/12 07/12 00/12
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      Page 29 Advertisements Column 3
      696 29 ~3 FAMOUS CONTAINER UNES I IBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****6 Jjr" HOT UNE: *****33 (30 UNES) vVEfi PAGE ADDRESS:- www.fMUli.caii.tf E-M/UL ADORES*:- MIMfcOIMMILCI l| BARCELONA/SPAIN 04/01 LE HAVRE/FRANCE 05/01 MARSEILLE/FRANCE 04/01 HAMBURG/BREMEN 02/01 GENOA/ITALY 05/01 ANTWERP/BELGIUM 02/01 GOTHENBURG/SCAM 01/01 ROTTERDAM 02/01 AARHUS/COPENHAGEN 01/01 FEUXSTOWE/UK 02/01 LOS ANGELES/WC/IPI 01/01
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      948 30 lANQKOK/LAEM CHABANQ JA K ART A/PA NJA NO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJW QUA BHUM" 37N 30/12 02/01 ACX Rl)BY> 11S In Pt 30/12 MATHII BHUM 366N 31/12 04/01 DEJA BHUM 728S 30/12 02/01 01/01 BANI BHUM" 78N 31/12 03/01 04/01 XETHA BHUM ***** 01/01
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      Page 30 Advertisements Column 2
      791 30 jjyS PUL INTERNATIONAL LINE PUL INTERNATIONAL •Mi M* toita •IMtMb IM S«v Wim 4SHvn M-*»UM-4i An*** MC m OTS. Bmm Of Af—» ««—i fcdbm JAKARTA (lITC 1) 5 SiOS/WK OTI I VOY I SM ISM mi i [ft [una ai/>i I nil I os/oi BBbSBm bos I m/m In» I
      791 words
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      Page 30 Advertisements Column 3
      800 30 rj ACCORD A SHIPPING PTE LTD V—Tit: *****1S (40 Lines) PAX *****30 POfTILIM r tm m DMfCT ACCESS TEL *****55 (EXPOET SOOBONO) HM MMN (97) SSI !V1 *****54 (EXPOET DOC), *****39 (IMPOST) PQUN6 (94) UJ1441 URL:http://WWW.ACCOED.COM.SO MKJUtU (71)949 97/9 EOIT ITk SIN POKT ITA MM POKT tlh SIN POtT TO
      800 words
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      487 31 INDONESIA NATIONAL LINE imjiSESwi'— IB—m IJ I ewtwfN tu'wisr A VESSEL M M I OMIT 13/2 TO AUSTRALIA I MB. MA AOL HK MiwßrwwK |v.n»|wi2afl2| |w/» w own iwi NOLOrrtw. |*m|»fi2r/ii|nw| tm w ia» 1«» WLMMBI |v.l7*|«/r «S»l|l1*l| IMI IWMI W_-_ ttiutoi kortloaoi 1 n^i|zMn|»<n| |w«|~ FEEDER SERVICE TO INDONESIA
      487 words
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      Page 31 Advertisements Column 2
      700 31 aa«Pff PACIFIC INTERNATIONAL UNES (PTE) LTD I I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I n l_ l_l|— CR NO: **********06 I IBpm w. IB; s MA AftMiD i/i 11/1 1 22/1 24/1 27/1 11/1 1/2 1/2 i IflTI HMr 1 11/1 21/1 I 1/2 2/2 S£ It/I
      700 words
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      918 31 VOY sm JED I MLA UEH HAM THP HTM ZEE VXEDEVWOO mm 30/12 07/01 12/01 18AM 20/01 21/01 22/01 23/01 VM-LE DE NORMA N2JW 06*01 IWI 18/01 26/01 27/01 28/01 28/01 28/01 VHEDEGEMHA H23IW tWj 23*01 28/01 OgAg 04/02 06/02 06*02 07/02 VJLEtyQWOW Y23W 2WOI 28*01 02/02 06*02 08/02 11/02
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      37 33 To retrieve more schedules, just follow these simple steps... document 740-6000^^^^^^P your key in the four number digit code Key in your Example: r—•—» fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      37 words
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      1239 36 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAM 7 SLGS/WEEK 2 SLG/WEEK I VESSEL TVOY [SIN IJAK [VESSEL VOY SIN PIB on wcp riAWN 9801 IN PT
      1,239 words
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      Page 36 Advertisements Column 2
      597 36 NEWARK SHIPPING I AGENCIES PTE LTD I 48-A Campbell Lane, Singapore *****1 s CHUTAGONG BOMBAY 1 CALCUTTA NHAVA SHEVA U WT" COLOMBO A MADRAS P DUBAI/JEBEL AU 0 m TLTICORIN R M COCHIN E KARACHI MALDIVES ALSO ACCEPTING ICD DELHI, ICD DHAKA CALL: (65) 294 0949 FAX (65) 294 9395
      597 words
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      Page 36 Advertisements Column 3
      559 36 SIN FAR EAST 04/01 KEELUNG/KAOHSIUNG 04/01 BANGKOK 05/01 MANILA/CEBU 05/01 JAKARTA/BELAWAN/SURABAYA 05/01 PORT KELANG/PENANG/E. MALAYSIA 30/12 BUSAN 04/01 TOKYO/YOKO/KOBE/NGO/OSA 04/01 HONG KONG S!N CHINA 04/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUROPE/UK 04/01 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 30/12 LOS ANGELES/NEW YORK all IPI points
      559 words
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      Page 36 Advertisements Column 4
      572 36 Singapore Soviet Shipping a&Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL TRADE FAST TFS2OS 27/12 04/01 16/01 18/01 ORIENT CORD 107N 02/01 10/01 22/01 24/01 MAI XIONG HXGO6I 11/01 19/01 31/01 01/02 TRADE FAST TFS2O7 19/01 27/01 06/02 09/02 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA
      572 words
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      Page 37 Advertisements Column 1
      1142 37 ASIA MEDITERRANEAN EXPRESS (AMI) WESTBOUND SERVICE i VESSEL VOY SIN CMB IP« GEN BCN I IfH I ANR FR| MSC ALEXA 9751-3 05 JAN 09 JAN 18 JAN 20 JAN I 22 JAN 125 JAN 26 JAN _2ZJAM I N. HONG KONG 9752-3 09 JAN 13 JAN 28 JAN 24
      1,142 words
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      Page 37 Advertisements Column 2
      1648 37 VBM raUNG 7 PJOANG" STOKI HAM SOU lUH MH II IVfSSE MANG* STOKI |WC PUSAN| WW HKT «0K NGO SHMZU TTO wi )sv ji.il nil oui 20.01 noi hoi iui ttm J so; mi jo.ii oui oui 0741 out HONGKONG 3527 01.01 OUI OUI 1101 JO.Ol 22J1 2UI ATI MDONBIA
      1,648 words
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      472 38 Rssel^vo^Sl^^maasin| I TIGER WAVE 592N 30-31/12 05-08/01 13-14/01 I TIGER ISLAND 593N 03-04/01 08-12/01 17-18/01 I TIGER BRIDGE 594N 06-07/01 12-15/01 20-21/01 I TIGER BAY 595N 10-11/01 16-19/01 24-25/01 I TIGER WAVE 596N 13-14/01 19-22/01 27-28/01 I I TIGER ISLAND SA7N 17-18/01 22-2&01 31-01/02 I LHOTSE 342 30-31/12 0&0901 15-16/01
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      Page 38 Advertisements Column 2
      812 38 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapora *****1 Tal: *****66 (60 Linas) Fax: *****33 E-mail flesin@singnet.com.sg REGULAR SERVICE ALEXANDRIA(ALY)/ VALENCIA(VLC)/ BARCELONA(BCN) Eld SIN Eto AIY Eto VIC Eto tCN NEDLLOYD HOORN V.7517 02/01 21/01 NUOVA GENOVA V.0194-017W 05/01 31/01 CONTSHIP LONDON V.7721 10/01 26/01 'Also Accepting: Port Said via
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      Page 38 Advertisements Column 3
      1183 38 IOOCL (Sinoopore) Pfo lid CFS Keooel l^s^At 79 Amm Rood #21-04 (S) *****6 Hk 513 #01-128 I t*pky Yn) V CR NO **********0H M: 272 7127 cat 3269 ISO IM: *****13 F«i 221 3942 Fm: 272 7125 moot iothi O AosmuA TO USA S» "ST] OAK |CM MEN NYC OUTBOUND
      1,183 words
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      131 39 LEGEND: K Thunderstorm Temperoture o c X\ 2. jj >ow-f Weother _X Wind direction with speed m knots Rom Cloudy Sky Wove h«ght Swrfoce wMt or* mdketed by errows wfctch My with the wind Q One ful crcl« represents colm or light ond voriobie winds 1 One hotf Heche represents
      131 words
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      64 40 (I)M.V. "KENTUCKY HOME" VI ARRIVED IS DECEMBER I*7 (2)M.V. "STAR RUBY" VI ARRIVED 23 DECEMBER 1997 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 30 December 1997 *****200 hours at PT9. No further survey will be entertained
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