The Business Times, 30 December 1997

Microfilm: NL21062
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, DECEMBER 30,1997
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  • Article
    MARKET SUMMARY
    8 1 bih 'Umsi ■QMS' HUH WBttt' St
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  • Article
    FINANCE
    34 1 81 m vat "~*M4 MB TBHtM t» U» M .IS? M» nt nai—um ugt MM MM WPMHIM MM——-Mil *>iiiii il m riuiiffli 7" ItS umuk- 7x Avenge rf IX hotuL^Ftat (Source: NatWest Bank)
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  • Article
    OCBC, UOB raise prime to 7%
    617 1  -  Half-point hike sends rate to 6-year high; move expected to hit property sector, corporate earnings By< Clarissa Tan [SINGAPORE] OCBC Bank and United Overseas Bank have raised their prime lending rate by another half point, the second rise in less than a month. That
    617 words
  • Article, Illustration
    Lock icon Developers face tough choices in '98 as options run out
    988 1  -  Many may have to take cue from FCC and cut prices By- Abdul Hadhi, Ang Wan May [SINGAPORE] Developers face tough choices next year, as the glut in the residential market at home is compounded by the regional economic uncertainty.
    Source: URA  -  988 words
  • Article, Illustration
    Far East launches Tanglin View at 25-30% below listed prices
    411 1  -  First block of 128 units released at $860-$920 psf By\ Diana Oon [SINGAPORE] Sombre reality has set in in the private housing market, going by the launch prices of Tanglin View, Ng Teng Pong's latest project on the market. Mr
    411 words
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      Page 1 Advertisements Column 1
      110 1 Malaysia's Tenaga Mart—l win pat RM2 billion in tore® a IMJLA .'it tfiwmwi iQMcs g me ringgit continues to P" A. languish ai current levels, warns its chief Ahmad TaJuddinAli, pfltF Tte Sooth Korean wan row 7 per ant against the j US dollar yesterday as Japarae financial |§j institntions
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      Page 1 Advertisements Column 2
      52 1 What went wrong? Can Asia's battered markets and economies get back on the boom track? In a special 4-page year-end pullout, we take a look at the year when everything changed for Asia. And we considered the delicate task of nursing the region back to health. In BT today. Don't
      52 words
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      Page 1 Advertisements Column 3
      8 1 2000 Series JffT 4V TAGHeuer PROFESSIONAL SPORTS WATCHES
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Esso, Mobil defer greenlight for major projects here to next year
      433 2  -  Esso hydrocracker likely to go ahead; Mobil still finalising petrochem project w Ronnie Lim THE greenlight for a major oil investment here, Esso's lube hydrocracker worth some US$7OO million (Ssl.2 billion), is now expected in the new year, while
      433 words
    • Article
      Shareholders' equity grew 4-fold between 1986-1995
      309 2  -  Financial firms attracted largest share of fnnds: 40.7% By. Audrey Tan THE pool of funds capitalised in Singapore's corporate sector jumped more than fourfold between 1986 and 1995, said a Department of Statistics (DOS) report released yesterday. Shareholders' equity in companies here stood at
      309 words
    • Article, Illustration
      POSBank ATMs first to sell unit trusts
      236 2 POSBank will be the first local bank to sell third-party unit trusts via its automated teller machines from next month. It is also launching two new services: Internet banking and a pilot full-function ATM. Speaking at the opening of its newest branch at
      236 words
    • Article, Illustration
      Looking back on a tumultuous year on the roads
      552 2  -  Highlights include record COE premium* and rising cab fares Byi Christopher Tan FOR a period this year, Certificate of Entitlement premiums threatened to hit six-digit levels. Although this did not come about, the small and me-dium-car categories, as well as that
      552 words
    • Article, Illustration
      BT X'mas auction raises $8,000
      360 2  -  EYE ON THE ECONOMY Charity By, Jennifer Lien BUSINESSES may be feeling the crunch this time of the year, but this year's Business Times Christmas auction shows that the spirit of sharing has not been snuffed out. Takings for the Dec 23 auction, an annual
      360 words
    • Article
      Starhub is first to bid in public basic and mobile phone tenders
      416 2 Team comprises S'pore Power, ST Telemedia, NTT, British Telecom THE Telecommunication Authority of Singapore (TAS) has received the first bids for the tenders for public basic telephone services and mobUe phone services. The Starhub team was the first
      416 words
    • Article
      Lock icon S'poreans face shopping restrictions in Johor
      221 2 AFP [KUALA LUMPUR] The Malaysian government yesterday barred Singaporeans shopping in its neighbouring state of Johor from buying more than two kilogrammes of controlled essential commodities. Johor state environment and consumer affairs committee chairman Chua Soi Lek said the restriction was to ensure sufficient
      AFP  -  221 words
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      Page 2 Advertisements Column 1
      61 2 W 7 Jk y < > wmm 3Jm|H Tt¥gfs- T Mmm lW f* > 4 by Vachcron ConstantitK n space add time. f VACHERON CONSTANTIN THE WORLD'S OLDEST WATCH MANUFACTURER Geneva, since 1755 Authorised Retailers: Cortina Watch Tel 339 9185 Roy Eastern Watch Tel 734 1935 Sincere Watch Tel 733
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      170 3 t J II P* JSfl •S^^bs^p^i t i ft K% IC 'i f I /a*»- '«fe -^1 vK-« I; r. fc* -v -'i (c C&*r' Jg vHB. 1 *I* 4^'-':'J^e9tsSSmti'%' sS£«lft J.: f tH V,*>- *!*z fc Now all Sing Tel Mobile customers can roam the USA and Canada. All
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  • MARKETS IN TURMOIL
    • Article
      Lock icon Won rises 7% as major Japan banks agree to loans rollover
      507 4 Some US hanks also discussing package to extend loans to Korean banks: report Reuters, Bloomberg [SEOUL] The South Korean won rose 7 per cent against the US dollar here yesterday as major Japanese financial institutions agreed in principle to
      Reuters,; Bloomberg  -  507 words
    • Article
      Lock icon S Korea chaebol to sell 2.4t won bonds
      235 4 Bloomberg [SEOUL] South Korea's four biggest industrial groups plan to sell 2.4 trillion won (Ss2.B billion) of domestic bonds this week even as interest rates hover at 17-year highs. The sales by Hyundai, Samsung, LG and Daewoo groups are a bet that
      Bloomberg  -  235 words
    • Article, Illustration
      Lock icon Thai banks said to need 900b baht in new funds
      441 4 AFP [BANGKOK) Thailand's banks need a massive inflow of new money equal to 900 billion baht (Ss32 billion) and only four are likely to survive without foreign capital, reports said yesterday. According to an estimate by Capital Nomura Securities pic,
      AFP  -  441 words
    • Article
      Lock icon S&P assigns stable rating outlook to RHB Bank
      318 4 Ratings reflect bank's good asset quality AFP [KUALA LUMPUR] Ratings agency Standard and Poor's yesterday assigned a stable rating outlook for RHB Bank Bhd, the third largest commercial bank in Malaysia. The New York-based agency assigned a "BBB" long-term and "A 2"
      AFP  -  318 words
    • Article, Illustration
      Lock icon S Korea parliament set to pass reforms
      403 4 AFP, Reuters [SEOUL] A key committee in South Korea's National Assembly yesterday approved crucial financial reform legislation, including a controversial bill that unifies into one agency supervision over the entire financial industry. The approval clears the way for passage of 13 financial reform
      AFP,; Reuters; AFP  -  403 words
    • Article
      No proof of speculation in HK futures: SFC
      353 4  -  Fromi Quak Hiang Whai in Hongkong THERE was no evidence to suggest speculators built up short positions in equity and futures market during the speculative attack on the Hongkong currency in October and benefited from the sharp plunge in both markets, the
      353 words
    • Article
      Lock icon Indonesia's foreign debt put at US$118b
      202 4 Reuters [JAKARTA) Indonesia's foreign debt totalled US$llB billion (*****.1 billion) while additional debt from commercial paper was at US$l5.3 billion, government adviser Radius Prawiro said yesterday. Mr Prawiro, a former coordinating minister for economic affairs, dismissed recent reports that the figure was much higher.
      Reuters  -  202 words
    • Article
      Lock icon Thailand to adhere to IMF plan, says minister
      404 4 Reuters [BANGKOK] Thailand will adhere to an International Monetary Fund (IMF) economic programme, but would be open to any IMF reassessment before the third loan tranche is released, a government minister said yesterday. Abhisit Vejjajiva, minister in the prime minister's office, told
      Reuters  -  404 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      245 4 COLLECTIVE SALE BY TENDER TWO ADJOINING RESIDENTIAL REDEVELOPMENT SITES AT LENGKONG empat (Near Kembangan MRD I I §j|o gfgg* ISLAND EXPRESSWAY m3sq m [1? 21 sq ft] PARCEL A PARCEL B p arce g. ,479 9sq m [15,929 sq ft] Combined Land Area: 32,950 sq ft (Approx) I——►BBl 4 "tSJS!"*
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  • REGION/WORLD
    • WORLD Watch
      • Article
        Lock icon Urgent meetings on N Ireland murders
        115 5 Reuters [BELFAST] Britain's Northern Ireland Secretary Mo Mowlam held emergency meetings with security chiefs yesterday after a weekend of guerilla killings plunged the province's fragile peace process into crisis. Ms Mowlam pledged that the "vicious, senseless murders" of a Protestant guerilla chief inside a
        Reuters  -  115 words
      • Article
        Lock icon Beijing, Moscow in US$3.5b nuclear deal
        108 5 AFP [BEIJING] China and Russia yesterday signed a contract finalising their plans to build a nuclear power station worth a reported US$3.5 billion (SSSA billion) in the eastern province of Jiangsu Chinese Premier Li Peng, Vice-Premier Li Lanqing, visiting Russian First Deputy Prime Minister
        AFP  -  108 words
      • Article
        Lock icon Yeltsin expects 1996 to be better year
        105 5 Reuters [MOSCOW] President Boris Yeltsin yesterday promised Russians a better year in 1998, despite new warnings by his critics over the state of the economy. The presidential press service announced the 66-year-old president would start a two-week holiday on Jan 5, having returned
        Reuters  -  105 words
      • Article
        Lock icon Bangkok to delay US fighter deal
        88 5 AFP [BANGKOK] Thailand has decided to dday by three years the purchase of eight US fighter Jets because it has run out of money, the chief of the air force said yesterday. Air Chief Marshal Tananit Niamtan said Thailand would try to renegotiate with
        AFP  -  88 words
      • Article
        Lock icon Arafat repeats promise to reshuffle govt
        114 5 AFP [GAZA CITY] Palestinian leader Yasser Arafat has repeated promises to reshuffle his government, saying he had accepted in principle the mass resignation of his ministers, his spokesman said yesterday. Faced with renewed protests by the 88-member legislative council over his failure to conduct
        AFP  -  114 words
    • Article
      Lock icon Hongkong GDP growth seen slowing to 4% in 1998
      479 5 HONGKONG Bank economist sees decline in domestic and external demand limiting growth Reuters HONGKONG'S economy will grow more slowly in 1998, due to a decline in both domestic and external demand, largely a result of the Asian financial turmoil, a Hongkong
      Reuters  -  479 words
    • Article
      Lock icon Concern is over irrational credit growth: Anwar
      312 5 KUALA LUMPUR Loans not encouraged for property and unproductive sectors AFP MALAYSIAN Finance Minister Anwar Ibrahim said yesterday that the government was more concerned with slowing down irrational credit growth, rather than halting it. Loans grew by 30 per cent last year, surpassing
      AFP  -  312 words
    • Article
      Lock icon Soma Gandhi to back Congress
      222 5 NEW DELHI Reuters SONIA Gandhi, the Italianborn widow of former prime minister Rajiv Gandhi, will campaign for the Congress Party in forthcoming elections to the federal Parliament, her office said yesterday. A statement from Mrs Gandhi's office signalled the return to active politics of the
      Reuters  -  222 words
    • Article
      Lock icon Taiwan govt urges Bayer to revive US$1.5b project
      236 5 TAIPEI Reuters TOP-RANKING Taiwan officials have written to German giant Bayer AG, urging the firm to keep its US$l.5 billion (552.5 billion) investment project on the island, state media reported yesterday. Taiwan's top economic planner told the state-funded Central News Agency that
      Reuters  -  236 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      68 5 0 Hi s Who says only > v The new Audi A 6 Advancement Technology MOTOR ULTIMA 15 Queen Street #01-01 Tan Chong Tower Tel: 338 3844 Fax: 334 3877. Showroom hours 9 am 6 pm weekends, 9 am 8 pm weekday.- Come down today for a test drive. Authoriied
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  • EDITORIAL & OPINION
    • Article, Illustration
      Asian busts can be repeated in US, Europe
      846 6  -  OPINION THE BOTTOM LIME By Neil Behrmann The writer is BT's London correspondent MOST economic commentators believe that the problems of East Asia and Japan cannot happen in the US and Europe. But there are similarities and they revolve around booming stock
      846 words
    • Article
      IN OTHER WORDS
      87 6 It's not a glass ceiling any more. It is a cement ceiling.' Judith Ybuleck a lawyer on Avon's announcement that it hired a man as its CEO. The worst thing that could be done is if based on a surplus long-term promises on either tax cuts or
      87 words
    • Article
      Asia's crisis and Japan
      679 6 EDITORIAL OUR beginnings never know our ends and few could have foretold at the start of 1997 the woes that would befall Asia's economies. But the same holds true of 1998. The New Year could see the dawn of a new era of Japan-led Asian prosperity
      679 words
    • Article, Illustration
      Lock icon A leader Korea needs
      944 6  -  South Korean president-elect Kim Dae Jong could well be exactly what history ordered By Tom Plate The writer is a professor at the University of California, Los Angeles LAT-WP IN THE WAKE of his election to South Korea's presidency last week, Kim Dae Jung, the veteran
      LAT-WP; AFP  -  944 words
    • Article
      WHAT THE OTHERS SAY
      805 6 ftißhodli'i war cmmWm A YEAR ago, Cambodia appeared to be finally emerging from 25 years of civil war. Last December, on the verge of an economic boom, growth was forecast at around 6.4 per cent and the outlook was optimistic. But the reality of life in
      805 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      35 6 POOMESPORT By Garry Trudeau H* nr*n-RAl<& MAT* HWCXMHG I w/ ISTHfiTTHeTEAHG J/HS4V, W JSZrW A OAP THING SttFZ£SHG4PnAL &NAUY STARTING TO MP'VBGOr TEAM CON3SIS M RIGHT, H ermcHY.itcxe s£»t cfkjmahp 8 Mrorsusmess~ j |y I
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      967 7 Buy It. Sell It. Find It. Classified. f& CATS. Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and 1 < IP 8 HHHHn Tke H uliertus Grill returns Ky popular demand for Xmas I Eve Day anil New Year's Day only. Serving our renowned gourmet buffet. So call
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      Page 7 Advertisements Column 2
      220 7 JMII mf Kt. 24-hour Coffee House I*l floor The CHicken Rice Capital Of The "World ,y<«<iroij}^gi»>r 333 Orchard Road. Singapore *****7. Tel: 737 4411 Cheer In The New Year At The Garden's Gala Dinner Gala Buffet Dinner Wednesday 31 December 6pm to 10:30pm Adult $42.00* Child (below 12) 129.50* includes
      220 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      821 7 TVRADIO Premiere 12 800 Three Rooms. 6.30 Kadhal Pagadai. l*OH:Frt77iT7»ni^B^——^ 8.30 Shiver Conscience. 7.00 Maestro llayaraja Spe- 2.00 PM TV Innovations. 9.30 Team Knight Rider. cial. 2.30 The Winners. 10.30 News 5 Tonight. 7.30 Tamil Seithi. 3.00 Money, Money, Money. u.qo Business Day. 8.00 Berita 12. /^T 3.30 How To
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      262 7 CBYPTIC CROSSWORD 1 Back in a moment MB HT HK fIHT 4 Taken for granted (8) 9 Track a fugitive who's lost 10 Has ago at taking risks (8) H jBL_Jt__BIL_IBL_ 12 Horrific travel on the railway 12 j Sign to return for Verne's cap- jj— 17 Confront one's critics
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  • COMPANIES & MARKETS
    • Article
      Tenaga chief warns of RM2b forex translation losses
      339 8  -  Forecast for next financial year based on ringgit languishing at current levels From. Eddie Toh in Kuala Lumpur NATIONAL utility company Tenaga Nasional Bhd will post RM2 billion (*****.6 million) in foreign exchange translation losses in its next financial year if the
      339 words
    • Article
      QAF calls off rights issue
      258 8  -  It had proposed issue to finance stake in Indonesia's Indofood By R Sivanithy [SINGAPORE] Local food group QAF Ltd is calling off the rights issue it proposed in July to partly finance its controversial deal to take a stake in Indonesia's Indofood. The move had
      258 words
    • Article
      Apollo chief's offer comes up to $82.6m
      152 8 [SINGAPORE] Apollo Enterprises chairman Ng Kim Suan has been left with an $82.6 million tab after his offer for the company closed yesterday. The offer ordered by the Securities Industry Council (SIC) roped in acceptances for 34.03 million shares and 6.49 million warrants,
      152 words
    • Article
      Crown Casino learns a costly lesson from Asian high-rollers
      747 8  -  HOCK LOCK SIEW Russell Baker BECAUSE the odds are always stacked in favour of the house, casinos are supposed to be a licence to print money. But unfortunately for Melbourne's Crown Casino, a bunch of Asian high-rollers recently forgot the golden
      747 words
    • Article, Illustration
      Lock icon $57m revamp for Shangri-La to keep up with competition
      377 8  -  By I Siow Li Sen (SINGAPORE) The ShangriLa Hotel will be spending $57 million in a major revamp, joining a number of hotels that have had to spend big bucks upgrading in recent years amid growing competition. With flat or negative
      FILE PHOTO  -  377 words
    • Article, Illustration
      Lock icon SembCorp falls 10% over takeover of Delifrance
      311 8 Fears of investment falling in value after takeover completion [SINGAPORE] The Sembawang Corp stock fell almost 10 per cent yesterday as its acquisition of Delifrance continued to weigh heavily on investor sentiment. Dealers said there were fears that not only would the conglomerate
      Source: Bloomberg  -  311 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Asia Satellite shares dive 25% after failed launch
        406 9 Asia Sat 3's failure to reach orbit expected to dampen company's earnings growth Bloomberg [HONGKONG] Asia Satellite Holdings Ltd's shares plunged as much as 25 per cent to a record low after the Russian launch of its Asia Sat 3 satellite failed
        Bloomberg; Source: Bloomberg  -  406 words
      • COMPANY Briefs
        • Article
          SPH gets SES nod for bonus issue
          77 9 (SINGAPORE] Singapore Press Holdings said it has obtained in-principle approval from the Stock Exchange of Singapore for its proposed bonus issue. The Ministry of Information and the Arts has also given the nod for its proposed changes to its Articles of Association and
          77 words
        • Article
          Lock icon Asia Food invests $2.8m in Indon firm
          59 9 Reuters [SINGAPORE] Asia Food Properties Ltd (AFP) yesterday said it paid eight billion rupiah, or SS2.B million, for an 80 per cent stake in an Indonesian company. AFP subscribed for 8,000 shares in IMTR, a private company involved in trading and investment holding.
          Reuters  -  59 words
        • Article
          Lock icon Labroy Marine takes stakes in 2 groups
          83 9 Reuters [SINGAPORE] Labroy Marine Ltd yesterday said it would spend $11.25 million to buy equity in two groups of companies. It is buying 50 per cent of Lek Sun Industrial Pte Ltd and Lek Sun Manufacturing Sdn Bhd for $8.25 million, subject to
          Reuters  -  83 words
        • Article
          Lock icon Super Enterprise's pre-tax down 15%
          45 9 Bernama [KUALA LUMPUR] Super Enterprise Holdings Bhd's group pre-tax profit for the half year ended Sept 30,1997, was down 15 per cent to 2.1 million Malaysian ringgit (*****,380), though group turnover rose marginally, by 3 V percent, to RM21.6 million.—Bernama
          Bernama  -  45 words
        • Article
          Lock icon First Engrg ups stake in China venture
          52 9 AFX-Asia [SINGAPORE] First Engineering Ltd (FEL) said it will raise its stake in Guangzhou Sanxing Precision Moulds and Plastics Engineering Company Ltd to 70 per cent from 30 per cent for $2.2 million. FEL said Sanxing has been making losses but did not
          AFX-Asia  -  52 words
      • Article, Illustration
        Lock icon Fighting Shell's blaze
        55 9 [BINTULU, Sarawak] Firemen battling the blaze at the Shell plant in Tanjung Kidurong near Bintulu with chemical foam last Friday. A Malaysian unit of Royal Dutch Shell said on Friday it had to shut down the large plant on Borneo island after an explosion injured 12 people
        REUTERS  -  55 words
      • Article
        Lock icon Citibank due diligence to be done by Feb 21
        308 9 First Bangkok City Bank takeover to be discussed after it AFX-Asia [BANGKOK] First Bangkok City Bank pic said the due diligence investigation being conducted by Citibank pending an agreed takeover of the Thai bank will be completed on Feb 21. Executive
        AFX-Asia  -  308 words
      • Article
        Lock icon IBM sees big NC sales in 1998
        420 9 Reuters [NEW YORK] International Business Machines Corp is looking for big sales in 1998 of its newly developed network computers, a scaled-down form of a personal computer that it introduced to the market this year. After hundreds of business customers tested the machines
        Reuters  -  420 words
      • Article
        Lock icon Westmont pays part of bid for bank
        143 9 Reuters [KAMPALA, Uganda] Malaysia's Westmont Land Bhd has paid part of the US$ll million (5518.4 million) it offered to buy a 49 per cent shareholding in government-owned Uganda Commercial Bank (UCB), the Ugandan weekly Sunday Vision reported. Under a deal agreed to in
        Reuters  -  143 words
      • Article
        Lock icon China unveils new rules for listed firms
        207 9 Reuters [SHANGHAI] China announced a grab-bag of new rules for listed companies yesterday, giving the nation's stock exchanges sweeping new powers. Although some of the regulations were already in operation, their formal addition to the books will give new clout to the Shanghai
        Reuters  -  207 words
    • FINANCE & COMMODITIES
      • Article
        Mutual funds in India holding their own
        367 10  -  Recent study shows 18 closed-end and 12 open-end fnnds beat stock indices From'. Rajendra Bajpai in New Delhi INDIA'S stock market has been in a free-fall for months, the market for initial public offerings is in poor shape and the rupee has taken
        367 words
      • Article
        Lock icon Danish firm involved in forex scam?
        278 10 FT [LONDON] A Brazilian businessman claims to have lost nearly US$5OO,OOO (*****,000) he sent to a Copenhagen company that said it was speculating on his behalf in foreign exchange markets. The company, trading formerly as Ferrini Associates and now as Market Forces, is not
        FT  -  278 words
      • Article
        Lock icon St George Bank eyes more funds firms
        125 10 Bloomberg [SYDNEY] St George Bank Ltd, Australia's fifth-largest bank, will consider buying more funds management companies, even after the success of its A 5272 million (*****.8 million) bid for Western Aus-tralia-based Sealcorp Holdings. "When the takeover is com- pleted, funds under management and
        Bloomberg  -  125 words
      • Article
        Lock icon Euroyen, JGBs edge up in thin trade
        174 10 SBKELReport Reuters (SINGAPORE) Simex Euroyen and Japanese government bond futures (JGBs) edged higher yesterday amid concerns of further corporate failures in Japan, analysts and dealers said. But they said that the market lacked clear direction as participants wound down for the year-end holidays.
        Reuters  -  174 words
      • Article
        Futures dip on talk of govt selling shares
        159 10  -  MSCI TAIWAN FUTURES -By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures closed lower in moderate trade yesterday. Rumours of possible sales of government shareholdings in some leading Taiwan equity issues softened the
        159 words
      • Article
        Lock icon Iraq signs crude oil deal with Jordan
        305 10 ENERGY REPORT Reuters [BAGHDAD] Iraq has agreed to supply Jordan with 4.8 million tonnes of crude oil in 1998 at half the international market price, a Jordanian minister said yesterday. "We will have 4.8 million tonnes of crude for 1998," said visiting Jordanian
        Reuters  -  305 words
      • Article
        Lock icon CURRENCY REPORT
        287 10 AFP, Reuters London THE US dollar was trapped in a narrow range at midday in Europe after trading on either side of the key 130-level for most of the morning. The dollar was up slightly to 1.7766 marks against 1.7753 in the morning and 1.7738 on Wednesday. The
        AFP,; Reuters  -  287 words
      • Article, Illustration
        Untitled
        1305 10 mT"°"*K CTQ88KATB8 DkSS *> a «■> tea li 11 Mb*** trn n» W«M HI mw# Austral* 0.945 4178 0.590 3.900 1.168 5.102 ***** ***** OJM 9.4B 2.564 1128 29.*****.270 1.101 1201 0.944 21.*****.895 0193 0.658 Cwada 1058 5.781 0.624 4.133 1.235 1396 27.332 37.464 0.906 9.958 2.712 t193 30.720 27.785
        1,305 words
    • Article
      COMMODITY PRICES
      1435 11 aconruTPRBs 0*29 MMCI <Mra <M*i« at SJ0p>> ISSlCMTtACTtScMtaAD On* Mm OpM HmHi HI* Ik S*tt (tMMf) MvNt Jm ft sto.oo MM 120.50 TOO MrM 122.75 915 Apr/JM 99 127.25 BTuB 127.25 300 1890 Jtfft«M 01.75 2145 Oct/Dec 90 05.00 «00 RS3C0NTMCT(UcMlsto> MM OpM mm w» mi (tmmi Man*
      1,435 words
    • Article
      WORLD STOCK MARKETS
      2032 11 mnn WKKKKM Melt fact 3i Group 505 14 AB Ports 299 -1 Abbey National l>09 *39 Allied Domecq 524 +14 Immt 117 -2 Asda Group 176.600 1.400 BAT M 554 17 BCPtc 281 4.600 BKC _T74 *13 BOC Group 1020 35 BR Petroleum 807 9.600 BTR 183.200
      2,032 words
    • Article
      Lock icon TOKYO
      1638 11 AFX-Asia Qnua -rt2& SHARE prices closed mixed in volatile, thin trading, with investors mostly sidelined ahead of the New Year holiday season, brokers said. The Nikkei 225 Index closed down 27.38 points at 14,775.22. The broader Topix Index was up 4.28 points at 1,147.87. Volume was about 310 million
      AFX-Asia  -  1,638 words
    • Article, Illustration
      Lock icon HONGKONG
      1532 12 Reuters V% Hang Seng ♦16(156 STOCKS closed sharply higher yesterday, elevated chiefly by gains in property counters and the momentum was likely to keep the index trending higher in the next two days, brokers said. "I think the index will end the year between 10,500 and 11,000 points," said
      Reuters  -  1,532 words
    • Article, Illustration
      Lock icon CHINA
      622 12 Reuters Q Shenzhen B Index +2.42 THE Shenzhen B share market closed higher yesterday as domestic institutions began building positions in stocks likely to report healthy 1997 results. The B index climbed 2.42 points to 95.39 on turnover of HK$l6 million. "Domestic institutions are paying increasing attention to some
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  622 words
    • Article
      Lock icon TAIPEI
      386 12 AFP QWP Index -27J1 SHARES fell yesterday as investors stayed on the sidelines ahead of the New Year holiday. dealers said. "Not many want to trade before the New Year and an extremely low turnover reflected that sentiment," said a trader. The TSE Weighted Price Index dropped 27.99 points
      AFP  -  386 words
    • Article, Illustration
      Lock icon JAKARTA
      760 12 AFP Q Composite Index +L4B SHARE prices edged up 0.4 per cent yesterday on year-end window dressing as the market reopened after a four-day Christmas break, dealers said. "The market came off highs in late trade but it recovered on buying support," a dealer said. The JSE Composite Index
      AFP  -  760 words
    • Article, Illustration
      Lock icon BANGKOK
      825 12 Bloomberg H SET lata +LI4 STOCKS closed slightly higher yesterday after six straight declines. "The market was so quiet today. International investors are on vacation. Local investors did a little selective buying," said an analyst. The SET Index rose 1.64 to 358.77. Trading was worth 720 million baht. PTT
      Bloomberg  -  825 words
    • Article
      Lock icon MANILA
      285 12 AFP Qll«iifl» +2UB SHARE prices rose yesterday due to year-end window-dress-ing as the market reopened after the Christmas break. The PSE Composite Index rose 21.98 points to 1,869.23. Turnover was 1.3 billion shares worth 1.4 billion pesos. Petron Corp gained 50 centavos to 3.40 pesos while Metropolitan Bank and
      AFP  -  285 words
    • Article
      Lock icon SYDNEY
      605 12 AFP QUOrtiuriet +2L6 SHARE prices rose yesterday, defying a fall on the Tokyo stock market to finish on a strong note in thin trade. The All Ordinaries Index rose 21.6 points to 2,576.3. Turnover was 131.6 million shares worth A 5392.5 million, with rising stocks outnumbering decliners on a
      AFP  -  605 words
    • Article
      Lock icon WELLINGTON
      260 12 Reuters H Wellington +3LOO A 30-CENT rebound by Telecom lifted the share market 1.4 per cent yesterday. Brokers said volume was extremely light, with most institutions still away on holiday. The NZSE Top 40 Index closed 31.00 points up at 2,258.97 on volume of NZ$33 million. Reuters New w
      Reuters  -  260 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8358 13 Cmsmw prefects IMT Last VI Day Net Cap Hmi L— Camptny W« 'OOP L«w P/I Smll 790 205 Afnomoto 210 unch 13 220 210 11* 85.1 446 89.5 Angkesa 90 unch 12* H 89 5 2.1 132.7 905 170 Apollo Food Hlg 170 4.9 68.0 745 l« Berlaye Land 199
        8,358 words
      • Article, Illustration
        Lock icon Shares rise on rumours of mergers
        504 13 AFX-Asia F1 Composite Index *7.70 SHARE prices closed higher in thin trade yesterday, pushed up by speculation that several mergers within the financial sector are likely, dealers said. The KLSE Composite Index rose 7.70 points at 568.66 turnover of 128.8 million shares worth 237.1
        AFX-Asia  -  504 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3508 14 BONOS, LOANS WARRANTS m ,997 Last Vol Day Last Quota At* Hkjn low ttna Cw>a» M» f COOOl W» L Buyar s w Pr,c 68 tO m 3000 m AMDS c5.5%*****6 12 !f, 81 12 3160 A Acar ******1USS '2 unch 28 f Jf !i 5 131 12 3164 Acma
        3,508 words
      • Article
        Possible error trade widens Jurong Engineering wrt premium
        164 14  -  WARRANT WATCH -By R Sivanithy THE market's best performer yesterday was Jurong Engineering's warrant, which shot up 20 cents to 70 cents. However, because there was only one lot traded and because the underlying shares actually feil five cents to a new
        164 words
    • Article
      CLOB INTERNATIONAL
      2229 14 MALAYSIAN STOCKS Of Cc 1997 LMt Vol Day Laat Ouott Mv M* yid Net M Cap High Low Stno Company Sale COOO> High Law Buyer Seder Cvf P/t Sm« 478 39 mt 5000 AISB 50c 44 cd *0.5 175 45 43.5 43.5 44 5.0 13 2.4 18.0 45.1
      2,229 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        891 15 Sr" **58 *5 jjjjjjjj *2* f m nun ■iHiilaii •Ml* OmOO LMt 9mm mm Lest 9mm mm MMMM UN «M MO LOO —IMQIll OJOO -0-009 OJt 0-13 OlIlMOr— UN MOO 0J1 0l» HOC a *40 0005 0.5C 033 ST *38 SS *«9«MlS0c two -0J40 L70 Ml rin>M»r «at ur mt
        891 words
      • Article
        MAIN BOARD
        4137 15 Transaction Date: Doc 29 Or Or m Wt WWT Last Vol Sot at* *> W M Cf AJU 1*0,1* wu m* cooo> hh» u» T» urnm ew *_Mt 1ST 24 W20 ACI OVMmtcMOc 24 90 27 24 2JJ 2U A S£ 200 i 11 US" m m m
        4,137 words
      • Article
        SESDAQ
        955 15 flr Or HOT tMT Lao* Oo» LMtOMt* Mv ON VM MM Ca N t— ww Ci»»»y rooos l— Tar m> cv w >*• »ma 104 74 0 1000 I IQIpIC 00 IB IN 10 M II 10X7 57.0 tM 440 NO 1040 ASAatoKk 07 -0 00 OI 1*7 1*7
        955 words
      • Article
        Untitled
        204 16 Vetame •MM Capital 3,778,000 limo-Pac 20c 3,319,000 GPCM20C 2,782.000 ST EngglOc 2,343,000 *MBC*Wt99 2,199,000 •M Resources 1,948.000 •Refcapacific B* 1,878,000 TAC Bt10 200 1,830,000 •M8Ca»8M 1.770.000 •Prowet 1.439,000 «wta SW Foreign 14,462,965 S1A Foreign 5,898,300 Sm 5,597,000 City Drr 50c 5,006.250 Kefpel Corf 4.839,430 U08 Farcin 4,790,296 0C8C Foreign 4,168,088
        204 words
      • Article, Illustration
        HOT STOCK
        67 16  -  -by Shiv Taneja SEMBAWANG CORP closed 38 cents lower at 53.68 on a volume of 719,000 shares yesterday compared with its 10-day traded average of 307,900 units. The stock is trading at its two-and-a-half year low. However, in the near term there is not going to be any
        67 words
      • Article, Illustration
        Lock icon Interest rate hike by OCBC, UOB brings out the sellers
        692 16  -  Investors rattled as market is also facing continued uncertainty over the Local-Foreign dual listing issue STOCK MARKET COMMBVTAKT By R Sivanithy [SINGAPORE] An already weak local stock market that was still dogged by uncertainty over the Local-Foreign dual listing issue
        Chart info from Bridge  -  692 words
      • ON THE GRAPEVINE
        • Article
          Wrong kind of grapes?
          98 16 OUR column is sure getting quite a following, though, in some instances, not of the kind we'd expect. We recently got a letter from a company in India trying to interest us in seedless grapes. Called the Trans Group of Companies, they tell us they have
          98 words
        • Article
          A sign of the times
          134 16 AMERICA'S biggest fund manager. Fidelity Investments, never had much of a presence in Singapore, but for the last several years, it did maintain some sort of an operation (a couple of analysts and a few office staff) in case it decided to upgrade the office
          134 words
        • Article
          Cheap rupiah? – then pay in US$
          80 16 Cheap rupiah? then pay in US$ FOR those planning on holidaying in Bali thinking there may be an advantage in terms of the massively depreciated rupiah, beware. A BT correspondent just back from Bali found that hotels, restaurants and local tours were all priced in rapidly appreciating US dollars. When
          80 words
        • Article
          Profit goes to charity
          94 16 CANADIAN Imperial Bank of Commerce has since 1984 been contributing one day's trading profit to charity every year. This year, the bank raised a total of C 54.56 million (515.31 million) from its offices worldwide, taking the total to over Cs23 million over the past 13
          94 words
        • Article
          Conflicting prophecies on rupiah
          154 16 INDONESIAN soothsayers have come up with conflicting prophecies regarding the rupiah, reports the Jakarta Post. One predicted that the currency will continue to plunge, but recover in February 1998 and could go up as high as 2,700 rupiah to the US dollar by April 1996. Another
          154 words
    • Article, Illustration
      Lock icon The Year It All Changed
      1512 17  -  From short-term loans to long-term solutions; from opacity to transparency. If the IMF medicine doesn't work, what is Asia's alternative? labhtweb looks at the year that will pass and the years to come LARRY WEE TO RECORD for posterity that 1997 was the year it
      FILE PHOTO  -  1,512 words
    • Article, Illustration
      Storm clouds sweep across As Asia
      1181 18 The year began with clear skies ue. But by February, the crack: and then one by one, the other Singapore got the chills, with its stro: once feverish property market coolin financial storm still hangs over Asia, yet to be felt I and every
      1,181 words
    • Article, Illustration
      The Crunch of the Numbers
      848 20 THE numbers say it all. In terms of stock market capitalisation, most Asian bourses ended 1997 in negative territory, with the largest negative wealth effects registered in Malaysia, Thailand, the Philippines and had November figures been available definitely South Korea as well. But the entry
      848 words
  • Page 8 Advertisements
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      45 8 This announcement appears as a matter of record only BONVESTS HOLDINGS LIMITED Transferable Loan Facility of *****,000,000 U5528,000,000 and Issue of 63,416,156 Warrants Lead Manager Arranger THE DEVELOPMENT BANK OF SINGAPORE LTD Facility Security Agent ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD November 1997
      45 words
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      46 9 jMwmmmw £t£fr»M 0 m* 11 I I 1 JUT WmTT Brand New 5 storeys Hi-tech Factory Space Excellent Coiporate Image |lj Easy access via expressways and MRT Convenient Ample car park, immediate occupation 3,800/6,800 50,000 sq ft CO Please contact *****88 Ms SamantHa/IVfr Ong Chin Guan
      46 words
    • Advertisement
      Page 9 Advertisements Column 2
      181 9 Complete training Low start-up costs Simple Concept Ranked #1 franchise for submarine sandwiches* Call today for a free brochure! 1-203-877-4281 www.subway.com •Ertraprweur Magaane J* 1997 325 Bic Drive Milford, CT ***** U.SA Singapore Agent 7A Robin Road, S pore *****5 Tel: 733-5840 Fax: 733*442 email: subway Ocyberwaycom.sg WtMfcww P SINCE
      181 words
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      Page 9 Advertisements Column 3
      751 9 ANNOUNCEMENT UNCONDITIONAL CASH OFFERS (THE "OFFERS") BY N M ROTHSCHILD SONS (SINGAPORE) LIMITED ("ROTHSCHILD") FOR AND ON BEHALF OF SAMTA INVESTMENT PTE LTD (THE "OFFEROR") FOR SHARES THE "OFFER SHARES") AND WARRANTS (THE "OFFER WARRANTS") OF APOLLO ENTERPRISES LIMITED ("APOLLO") TO ELIGIBLE PERSONS Rothschild wishes to announce for and on
      751 words
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      797 10 s THE DAI-ICHI KANGYO BANK, LIMITED (INCORPORATED IN JAPAN) NON-CONSOUDATED BALANCE SHEETS NON-CONSOUDAIED STATEMENTS Of INCOME March 31,1997 and 1996 Yaars ended March 31,1997 and 1996 MJkms of yen Mfcmofyw 1997 1996 1996 ASSETS Ccsh and Due from Banks 4,025,038 5,925,052 INCOME Co# Loans 315,391 423,451 Interest Income Commercial Paper
      797 words
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      59 12 Put The Straits Times Classified to work for you today. ♦The Seoul stock market was closed yesterday. I run a travel agency. The Straits Times Classified is the passport to my success. CATS. 1800-737-1166 Call Today For Results Tomorrow Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at
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      37 15 /,^yc^advertisemtnt^n my pet dtfOugh^\ J -n,« Straits Time, Clarified... l*S V thead I The Straits Times ClaMified- 1 ru nght BuvlM or selling through The Straits Times Classified is child's Play. call at 1800-737-1 166. -11. "TP >
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      1479 16 I THE STRAITS TIMES CLASSIFIED 1 I YOUR GUIDE TO MORE PRODUCTS SERVICES I V, BUSIMESS Notices To advertise call tol, free 1800 *****83 71 i S DATACRAFT ASIA LTD I (Incorporated in the Republic of Singopore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of the members
      1,479 words
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      Page 16 Advertisements Column 2
      397 16 M THE MATTER OF THE COMPANIES ACT. CHAPTER 90 ANO M THE MATTER OP ESLEEP BENTLEY (BMGAPORE) PTE LTD (In VWunlary UquMaHon) At aa Extraordiaary Geaeral Meetiag of the members of Esleep Beat key (Siagapore) Pie Ltd duly coaveaed aad held 391 A Orchard Road *12-10 Ngee Aaa City Tower
      397 words
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  • SHIPPING TIMES
    • Article
      ECT plans to build new container terminal in Duisburg
      336 21 [ROTTERDAM] ECT (Europe Combined Terminals) has announced a plan to build and operate a container terminal in Duisburg, the biggest inland port of Europe, according to a press release. The planned terminal will occupy a 4.8 hectare site and have a
      336 words
    • Article
      MARITIME STOCKS
      270 21 Ito» W CWT Distribution 0.695 *0.009 OuanHup 0 52 -0.02 U Cotco m**stm«nt 0.12 -0.05 N frtMrt IMu 0.315 unch AS 96 Mewing* 0J1 -0 005 Hal Sun Hup 0.709 -OOI r MtMMZoMn 0.605 *0.009 102 IMC HoMnqt HK 5.6 Jay* HoMlngs 0.365 *0.019 4 Jurang SMpyarp fcOO
      270 words
    • Article, Illustration
      Growing fleet of box ships may mar earnings: report
      580 21  -  It notes orderbook grew from 20% in 1993 to 35% of the global fleet in March this year By, Felix Chan [SINGAPORE] The swelling of the containership order book from a period of newbuilding placements which had reached a feverish pace
      580 words
    • Article
      Lock icon Italy urges Turkey to act after rescue of illegal immigrants
      584 21 Minister says Turkey must take action against gangs who are involved Reuters [ROME] Italy last week called on Turkey to take action against gangs involved in ferrying illegal immigrants to Europe after nearly 1,000 men, women and children were rescued
      Reuters  -  584 words
    • Article
      China's ship scrapping industry loses market share
      244 21 [HONGKONG] China s ship scrapping industry has lost market share, from over 45 per cent in 1993 to less than 2 per cent last year. The situation has continued to worsen this year owing to the saturation of the domestic steel market, according
      244 words
    • Article
      Lock icon Taca opts for stability, drops plan to lift rates
      649 21 T&ca had sought increases generally of around 10% Journal of Commerce [NEW YORK] The rate-setting conference of carriers moving trans-Atlantic cargo is quietly shedding plans to increase rates for next year, hoping instead to foster a stable market and to benefit
      Journal of Commerce  -  649 words
    • Article
      Lock icon Suez Canal to leave rates alone
      206 21 AFP [ISMAILIYA, Egypt] The Suez Canal Authority said on Sunday it will maintain its transit dues unchanged in 1998 for the second consecutive year, and continue to offer discounts to attract shipping. "The Suez Canal Authority announces that transit dues for 1998 shall remain
      AFP  -  206 words
    • Article, Illustration
      Lock icon Full steam ahead for ferries
      965 22 COMPETITION FOR THE CHANNEL TUNNEL Despite the powerful competition from the Chunnel, ro-ro traffic between Rotterdam and England is on the rise Port of Rotterdam Magazine FULL of disbelief, Pim de Lange, Stena Line Holland's director, reads the press release. "The Channel Tunnel earning its
      Port of Rotterdam Magazine  -  965 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      268 22 PAGE ca 5 «a EES 8 ANl 3 Eth '°P' an 6 9 Accord 8 turohanj 6 Appenship 5 i Astro 3 F<mou Austral 9 fooogSun 8 ST 7 CLW> 4 Batamindo 7 '""f nS J Genshpg 9 Golden 4 Bt4nflM4S 8 Guan
      268 words
    • Article
      SHIPPING GUIDE
      23507 30 THEBUSINESSTIMES EXPORT ETA ETA Advartlsaf Vassal Voyaga TaMphon. ETA ETA Advartlsar Vassal Voyaga SIN Dasf n Nam. Nam* Number NumtWf SIM Dasrn Nam* Nama Number 05/01 24/01 CMA VILLE DE VELA 209W 65-*****22 I A M/01 31/01 Evargraan NUOVA GENOVA 4-017W 65-*****11 I 04/01 31/01 Triastino N GENOVA
      23,507 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        754 35 Vossol Voy No Berth Arrival Dopartura Adamastos ***** P *J0« alongside 29.12/2000 AipnaMrmoni 6 JOS alongside 30.12/1200 Aula Seraya 1497 J03 alongside 30.12/1800 8t Hufteivi *****7 J01 alongside 30.12/0600 Clww 8fi»i 22 J12 alongside 30.12/0700 Film Am 12/97 J17 alongside 31.12/0900 Hms Premium *****P J13 alongside 31.12/0730 Hwaren
        754 words
      • Article
        CONTAINER SCHEDULES
        1632 35 RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Book log/B«l«nc* Ittls Ship Voy No Etb/Btr Prkx) From To from AM Uvtfldcr 032* 30/0700 2A 28/1700 29/0*59 29/0900 2B 28/1700 29/0459 29/0900 1 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1700 An MOM 005* 30/1200 2A 28/1700 29/0(59 29/0900 21
        1,632 words
      • Article
        GLOBAL HOLIDAY
        227 35 Deo 30 Costa Rica Philippines: Rizal Day. Deo 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. Jan 1 Australia, Austria, Belgium, Brunei, Canada, China, Denmark, Finland, France, Germany, Greece, Hong Kong, Indonesia,
        227 words
      • Article
        COCKETT BUNKER MARKET REPORT
        849 35 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead afatagta price* for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index chance and the Individual chances
        849 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        396 35 Carton IN Mu 989 8 1.2 15.4 0.10 50 0.02 Doc 16 Omltv Watar H*Mim AM Aluminium Sadlmant No abOM £25 0 1 1 0 0 0 %HM 340 AM 964.6 0J 12.1 0.0« >.84 0.02 Cum 380 Max 991.6 0.6 17.4 0.13 63 0.06 WW!
        396 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Killer turbulence hits Japan-US flight, one dead
        543 36 United Airlines' Boeing 747 dives 300 m at 10 9 000 m Reuters [TOKYO] A United Airlines jumbo jet with 393 people aboard hit massive air turbulence over the Pacific Ocean pn Sunday night, killing one Japanese woman and injuring 110 other passengers.
        Reuters; REUTERS  -  543 words
      • Article
        Lock icon KLM sees possible future merger with Alitalia
        246 36 Reuters [ROME] Dutch flagcarrier KLM is interested in taking a stake in Alitalia when the Italian airline is privatised with a possible eventual merger, KLM managing director Leo Van Wijk was quoted as saying on Saturday. "If we had to make a financial
        Reuters  -  246 words
      • Article
        Lock icon ATMs in air may pose security threat to flights
        311 36 LAT [LOS ANGELES] Security is a serious concern for Inflight ATI, the Irvine, California company that wants to put ATMs inside airplanes. By installing the cash machines on wide-body planes between business class and coach, Inflight hopes to create a portable
        LAT  -  311 words
      • Article
        EVA Air to launch cargo service to Chicago
        283 36  -  By] Marcus Hand [SINGAPORE] Taiwanese carrier EVA Air is introducing a new cargo service between Taipei and Chicago next month as it continues to expand its freighter fleet. The three times weekly flight will be launched on Jan 8 next year bringing
        283 words
      • Article
        Lock icon GE discussing lease-back deal with British Airways
        524 36 Report says it could involve BA's Boeing 777s powered by GE's GE9O engines Bloomberg [FAIRFIELD, Connecticut] General Electric Co said it's talking with British Airways pic about buying and then leasing back to the airline some older-model Boeing planes, though not newer Boeing
        Bloomberg  -  524 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1653 36 cmr FUCHT tT* FU6HT CTO WT43 1925 MtMM 0F81 1930 Of82 2050 HrtY* T640T 1540 TM08 1645 1 $0229 2220 MWW 2150 HWt «I5 S0327 0T0 KL844 0125 H»CN MM* VK741 1310 VK740 1410 GA995 0945 *1838 2335 S0T73 1905 S0174 1415 KL837 1540 0U6 2355
        1,653 words
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      17 21 Competition for the Channel Tunnel Ro-ro traffic between Rotterdam and England is on the rise. Page 2
      17 words
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      Page 21 Advertisements Column 2
      584 21 Killer tnrbnlence hits Japan-US flight United Airlines' Boeing 747 dives 300 m at 10,000 m. Back Page Da All Id u Robtrt Cra has i° ined Melbourne vUflllv Port Corp as general manager of f. property. Mr Craig replaced Michael Collins whose one-year contract with Auckland-based fh nu h e
      584 words
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      739 22 MNQAPORE CMJfOBMA EXPRESS (DIRECT FROM WIST COAST) jOULF KARACW EXPR 188 (C MQ VKSR VOT I OAK VAN StA U $5 VISSII VOY *A M*N QAM M WO SIN NMAJHAZOMTI iIWWO I 30/ iT 5/12 15/1J DAMMAMIAY 111 If/I I 11/11 22/12 H/ll 01/01 05/01 00/12 12W549 12/12 IS/12 01/01
      739 words
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      Page 22 Advertisements Column 2
      625 22 unn« Jgfa fiMnan I b M rvberi 01 Re»stry of OTffl Singapore Freight Forwarders Accredited Shtpptng Agents Association Xgt.. y Sngaoore Shipping Association lAL Container Line (UK) LIMITED As Agents: Marine Transport Resources (S) Pte Ltd Tel 223 8380 Fax 223 8387 r TPljhariks for the Support.^. -1 KQO*hHJOfI, K—hmg
      625 words
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      1113 23 I PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU 1 vcsa voy m am sutro ux pai mh» <h wrc wi hou nor «a MOM 0231 22/12 24/12 25/12 09/01 13/01 14/01 14/01 15/01 15/01 14/01 14/01 14/01 JKmufm om~ w7i2""3i7iT" 01/01 u/oi 20/01 21/01 21/01 22/01 22/01
      1,113 words
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      Page 23 Advertisements Column 2
      2338 23 0 HANJIN SHIPPING USA CANADA* mvsi/vor |mm| sm su pfiw r~5« pdi oa pw pit m Pott mem TSi iwi ntc rvi m m m nz Ql/Ql 04/81 M/ 01 "M/OT" B/01 25/01 M/ 01 M/ 01 >7/01 M/ 01 M/ 01 »$/01 M/ 01 M/ 01 31/01 IS/01 77/01
      2,338 words
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      Page 23 Advertisements Column 3
      110 23 1 ORIENT EXPRESS UNES (U.K.) LIMITED OIEiL. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAjJBOMB^Q_SHUT]IE_ VESSEL VOY SINGAPORE KHAIAY VESSEL VOY BOMIAY SWGATOtE NORDKAP 421 30/12 08/01 NORDKAP 420 20/12 30/12 SINAR TQ6A 221 02/01 11/01 SINAR TOBA 220 21/12 02/01 OOCI ADMIRAL Oil 05/01 14/01 OOCL ADMIRAL 010 24/12 05/01
      110 words
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      693 24 CP DSR-SENATOR iml Round the World Container Services NEW FASTER VESSELS NEW ROUTING TWICE A WEEK LE HAVRE 17 DAYS ROTTERDAM IS DAYS HAMBURG 20 DAYS FELIXSTOWE 22 DAYS NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****0 FAX: *****30 TLX; R8 ***** FOB ENQUIRY/BOOKINGS: JENNY/LAY CHOOCATHERINE MMMOMNB POST KLANG- SNARAN MAIJM
      693 words
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      Page 24 Advertisements Column 2
      1198 24 MY YML SK* '••M' //www.ymLcom.tw flUhkXtiLA** ft'.: 4 lf1:lfl4lil?MM!IM:BJil.'lJI!IJ!lllJII:lllJIMII:l»lil. l HI,'ll'lIJ1:IJl4IJ'1J:l&il.ti:l IMi AM9ML RXEO OAV-TIEttAY VESSEL VOT LEM FXT HAM AM HFA M MING STAR 02/A745E SLD SLO SID SID 16/12 30/12 MING GALAXY 99/A746E 10/12 11/12 13/12 15/12 23/12 06/01 MING SUN 08/A747E 17/12 18/12 20/12 22/12 30/12 13/01
      1,198 words
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      Page 24 Advertisements Column 3
      583 24 UNE ■r mt iiimm nxt iMiiii vnsa vot m> ru vcsa voy tn> ra SPOH MMM SfOM IM VttGUXT VSS/97 SU 11/12 APOLOOfT VW/17 W 11/12 lpoospb MIE/N n/ti n/n irtosra voii/io n/oi 07/11 matß voii/io 07/01 10/01 an.cum von/* 07/01 11/01 ipkkpb voh/w u/01 u/01 irnsn von/* is/01 17/01
      583 words
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      1271 25 lyggfFl VOV I SIM I BKK POU PKQ PCN BUM I SUR I M BIK IRAN MOWN PJL-1262 02/12 11/12 13/12 MAN VAHOAT PJL-1268 28/12 OBrtJI MAN TEYFOUm PJC-1267 07/01 MAN TAKHTI PJL-1268 18/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN.
      1,271 words
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      Page 25 Advertisements Column 2
      1766 25 NOMINE 1 frLfrttjt *****35 I SINGAPORE'S GENERAL AGENTS; 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) "TSswTjoSoS^ COSTAR SNIPPING PTE LTD «i7-o« mskidg saus/mgs 420smi/43 inward dot (d/O) ***** is COSTAR AGENCIES (M) SDN BHD CR NO: 11 y>yM0000«l TOWII TWO (06M09) CONVINTKXUi 420M50/55 T/SMMT OCFT *****25 TIL
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      Page 25 Advertisements Column 3
      537 25 |i--- EASTERN CAR UNER, LTO.-'ziSStr 1 IE i Eg <SIHGAPORE) PH HP SPK3AUZE IN ROUP HEAVY UFT UPTO 122 TONS j ECL (SIH6ATOIE) PTE UO LOADING FOR JEBEL AU (DUBAI)/PORT KLANG JAKARTA MV "sIIKI KOCHI" V.124 ,«a M JIANO KQU v2l ETA SIN 03/01/97 ETA PKL 05/01 /98 mY >AN
      537 words
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      1072 26 E ROYAL RW-036 El Off VW Mil 2*ol P*l 2MI E. GAINING RE-061 02H2 04H2 SSTz 6*12 Mi nni 31/12 E REPUTE RW-012 11/01 20Y61 03*2 31/ VI 02/02 #3*2 04*2 E. GOODS RE-069 11/12 10/12 12/12 14/12 07/91 I RACER RW-020 10*1 96,02 11/02 07*2 06*2 10/02 11/02 E
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      867 26 WSIR~ I~K~/\~ I OW WO. 1M 111 BWU: (064) *****9 MAMLA: (832) *****61 W V PENANG: (04)*****98 BANGKOK: (862) *****87 SURABAYA (31)*****0 P. MELANQ: (03) *****77 JKT (21) *****87 MDN: <81)*****3 PUS AN 1 LAE/PORT MORESBY MV "HYUNDAI FEDERAL" V.308E MV 'CAPE YOKE" V.OIS/98 ETA SIN: 5-1-98 ETA SIN: 4-1-98
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      493 26 NANTAI LINE FULLY CONTAINER ISO) SfRVKI TO MAURITIUS SOUTH AFRICA vessel vot |s«| rm I put cft r/baT mtouvbius m m/oi h/pi mi nfli a/n BOMB DtAGOW OPTS 12/81 22/01 21/81 Ml HAOTUfBIKBS Pitt If/01 CVB 17/02 miuiouai wss b/ii M Mi gg aammw ros m/o? it/» 1M mil VMM
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      570 27 BSA 11 MYANMA «BBk FIVE STAR LINE (Myanmar National Lino) Loading for Yangon (Rangoon) vissa VOY SIN > NG m KHI PATHEIN 144W SID HPA-AN 239W IN PT MALAYSIA AGENTS: KXJSTIAO SHIPPING AGCN<IES KUL TU 02-03-*****00 PKL HI 02-03-*****01 KM: IH 02-04-*****02 PGO: HI 02-07-*****21/4 BANK LINE (A strvict of
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      Page 27 Advertisements Column 2
      1204 27 HYUNDAI I MERCHANT MARINE CO. LIP. I VESSEL VOY SIN LEN RTM ANT HAN Ml HI IVISStt. VOT lUN BRI I HAW EEL I ANT I RTM 1 SIM I NY DUKE 309W 05/01 22/01 23/01 25/01 25/01 25/01 21/01 NT FEDERAL 308f 11/12 14/12 14/11 16/12 16/12 10/12 05/01
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      726 27 FAMOUS CONTAINER LINES lifer 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 dlj HOT LINE: *****33 (30 UNES) VVEB PAGE ADDRESS:- www.famsin.coiii.sg E-MAJL ADORESS:- adnkl@fansln.coal.s9 Call Us *****33 For Bookings Attractive Rates! We are accepting cargoes to: HONG KONG CHINA PORTS Bangkok Laem Chabang, THAILAND Jakarta Surabaya, INDONESIA Manila, PHILIPPINES V 5v
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      968 28 AMQKOK/LAIM CHABAWO JAKAHU/MMJANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN ORA BHUM** 37N In Pt 02/01 ACX RUBY* 118 In Pt 30/12 MATHU BHUM 356N 31/12 04/01 DEJA BHUM 728S 30/12 02/01 01/01 BAN! BHUM** 78N 31/12 03/01 04/01 XETHA BHUM 222S 01/01 03/01 St NO OCEAN
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      Page 28 Advertisements Column 2
      728 28 PUL INTERNATIONAL UNE PUL INTERNATIONAL IAMimfUTCI SSI6S m MB VQT I S<w T JKI yjj WlWiflt I BfTlni I 03, 011 m at/oi I ay fc« #s i Im MT —wi 1 MM Mi n*j rrw| I tils I 00/oi I m I 11/01 I sun I u/oi I DU6ONKOMRI
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      755 28 ACCORD A SHIPPING PTE LTD TIL: ***** IS (40 Lines) FAX *****30 FOtTKLAMG (03) »7 IMI J DWECT ACCESS TEL: *****55 (EXPOtT OOOKINO) nSMGUbUK (********** *****34 (IXPOVT DOC), *****39 (IMPORT) fENAM (MJ Ut 144S URL-HTTP://WWW.ACCOHD.COM.SO MJUUU (71/M***** MM poti m sin row m sin row m>m potr m sin (FAR
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      508 29 INDONESIA NATIONAL LINE TO EUROPE "T~ EXPRESS SEM*-COWTAI>gWttCDBCRVtCg m TOY I A'DAM/B'PAM IfIUHS I MtMEW AWTWtWP IKtWEI M 1/2 MIT 13/> TO AUSTRALIA ~T" FULL COWPMMER SERVICE wl IwrTBrST F*E I mm im mm w wronoww |V1l«|lVlJ 2*l2| IJVI2 Ml Ml IWI NOLCRVStN. IV *****/12 27/12|Mffl| °M 1 12*1 15*1
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      Page 29 Advertisements Column 2
      1001 29 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 Cadi Street #12-00, PIL Building, Singapore *****0 f\\_f TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 BAHCKOK I JAKARTA (SSajMWaoktoPAT) S«Wh«/Woo» MOC vtssa <OT I W *1 «T isssssL, aaa-ag-^-SS SS =lFr B HOttMWIUTCII -MITT
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      984 29 VESSELS WY I JH) I MLA LEH HAH THP HTM TO. VJ.E OS NORMA N23W 08/01 Mgj 18*01 ggj 27/01 2BAXI 28/01 ggj VXE DC OPWNA H23W 15A>1 23*01 »*Ol 02AB Ojgt ggg 06*02 07*02 VHED'ORION Y23W ggj gg 02/02 OMtt 00KB 11/02 11 AC 1201 VHJEOEMttIOSA V23W 27/01 04/QB
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      52 32 To retrieve more schedules, just follow these simple steps... document Jbial 740-6000 ep be faxed m k\ A ]Press r the port your ste ste P ""V nd ke in the four number digit code Key in your Example: fax number To NEW YORK (NYC) 2275 United States for calls
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  • Page 35 Miscellaneous
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      Page 35 Miscellaneous Column 1
      130 35 LEGEND: R Thunderstorm Temperature •<, A y Shower Weother Wind direction with speed m knot* Ron Cloudy Sky Wov# h *'9 h S«rfK* wind® or* indicated by orrowt wfiidi fly wMi the ».nd \*J One full circle represents colm or light ond vorioble winds i One holt Heche represents 5
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      72 36 -Business Centre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Call 740-6000 Pteu "1" key in Documtnl Code Kqr in to Dumber Enter ynur phone number IBHLY MOBITALK OFFERS CRYSTAL CLEAR I I^l No static. No crosstalk. Just crystal clear communication. Save up to $61 5
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