The Business Times, 31 December 1997

Microfilm: NL21062
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 1 l(V12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, DECEMBER 31,1997
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  • Article
    MARKET SUMMARY
    48 1 sin an® (-3.i1) nSMH 1 «U»(+19,40) ■V If (MP U ana (+13.81) D mSt+B.i6) H-mtr-oo* IHgHmTW— klsecomp Lilii-SllS NIKKEI IMHL74—+48SJ1 HANOSKNO M,7IUI_-+KUI SBTBWBX J*fi *7J» JAKARTA COUP _«U1 +179 MANILA COMP dami "W QAACHHA B WuCZ+VM AUST ALLOW) —t*L4 1 liaooa EST CkHp DOW 7JBLI4 +71.71
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  • Article
    FINANCE
    59 1 US» 81 utn i mm tim M UM MM TOMM I77f UM n «M MM m iiiM uii MOT AMI MM kuhah m «M MM FWBMTHI SINGAPORE* KM KUALA LiaffUR Ml JAKARTA 1S.W BANQKOK IKS MANILA UN HONGKONG KM TAffB KM SYDNKY KM TOKYO KM HOUL IK7I awn- iM
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  • Article
    Lock icon Foreign banks to roll over billions of Korea's debts
    659 1 Reprieve from credit crunch as USslsb in shot-term debt will fall dne next month Bloomberg Reuters [SEOUL] South Korea appeared yesterday on the verge of averting a disastrous liquidity squeeze after international banks said they planned to roll over billions of
    Bloomberg; Reuters  -  659 words
  • Article, Illustration
    Lock icon That's it for '97
    56 1 [TOKYO] Fourfloor traders at the Tokyo Stock Exchange bowed for a year-end greeting during the final trading ofl997yesterday. Tokyo stocks swept higher in thin pre-holiday trade as sentiment was brightened by a surge in Wall Street stocks overnight, brokers said. The benchmark Nikkei-225average rose 483.52p0ints or
    AFP  -  56 words
  • Article
    Thai farmers are in the driver's seat
    830 1  -  Tlwy map up Mercs andßMWsasweak baht makes bumper export crops better From Harish Mehta in Bangkok GUESS who's snapping up the Mercedes Benzes and BMWs being dumped by Bangkok's debt-laden property developers? Thailand's farmers. While the rest of the country has been reeling
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  • Article
    S'pore growth forecasts dive but no outright recession seen
    799 1  -  Avenge forecast of 10 economists slides to 4% from 7% in Oct By, Audrey Tan [SINGAPORE] Despite some rather bearish projections, most economists are not predicting an outright recession for the Singapore economy in the year ahead. But growth estimates for
    799 words
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      Page 1 Advertisements Column 1
      110 1 UlttUW I Mlllt I tfcftCMt Companies and businesses assess the damage from the lata* round of prime rate hikes, Pf2 lletoitwMs The car industry saw some startling products in the pest year. We pick the year's 10 most memorable I rijto» I*7 Van DerHorst yesterday reported a worse-than-expected 79% plunge
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      Page 1 Advertisements Column 2
      33 1 +The printing ofBT was later than usual yesterday and some subscribers may not have received their copies. If you did not get your BT yesterday, please call our circulation department at 1-800- 749-2577.
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      Page 1 Advertisements Column 3
      39 1 Parliament pmmutm key financial reforms, Pg 3 ALFRED DUNHILL LONDON The New Millennium Watch B VISIT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY, SOGO RAFFLES CITY. DAIMARU LIANG COURT AS WELL AS SELECTED WATCH RETAILERS.
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Small, medium enterprises fear most from prime rate hike
      553 2  -  The rise, combined with bleak economic scenario, wiil posh up costs and erode profits, they say By i Carol Eng BUSINESSES in general have lamented the second prime rate hike in less than a month, saying it compounded their current difficulties
      553 words
    • Article, Illustration
      Lock icon CPF default rate slips to 1.22%
      339 2  -  EYE ON THE ECONOMY Licruiditv By' Teh Hooi Ling THE overall Central Provident Fund default rate averaged 1.22 per cent in the third quarter, down from 1.48 per cent in the second quarter. The default rate, seen as an indicator of business liquidity, has
      Source: CPF Board  -  339 words
    • Article
      CPF paid out $8.6m in Medishield claims in July-Sept
      262 2 (SINGAPORE] The Central Provident Fund paid out $8.6 million in claims under Medishield and $1.7 million under Medishield Plus from July to September this year, latest data released yesterday shows. In comparison, $7 million and $1.3 million were paid out respectively
      262 words
    • Article
      Applications to use CPF funds for homes down
      182 2 THE number of applications to withdraw Central Provident Fund (CPF) savings to buy private homes feU 12 per cent to 2,276 in the third quarter of this year compared to the second quarter. Against the same period last year, the number of
      182 words
    • Article, Illustration
      Lock icon A nation expresses its grief
      77 2 THOUSANDS turned up at the Indoor Stadium yesterday to share their grief over the loss of 104 lives in the crash of Silk Air flight MI 185 on Dec 19 in Indonesia. A steady stream of mourners, many bearing flowers, went up to the plaque
      CHEW SENG KIM/ST  -  77 words
    • Article
      Residential prices unlikely to see big fall next year: JLW
      379 2 RESIDENTIAL property prices which have seen more than six months of steady decline are unlikely to fall drastically next year, senior Jones Lang Wootton consultants said yesterday. "The situation now where there is a standoff between buyers holding back and
      379 words
    • Article, Illustration
      Media industry's business spending soars 73%: EDB
      329 2 Big investments by telecoms, broadcast sectors boost growth TOTAL business spending by the communications and media sector in Singapore shot up 73 per cent to $733 million this year, the Economic Development Board (EDB) said at its annual sectoral briefing yesterday. The growth
      329 words
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      751 2 CHINA EVERBRIGHT PACIFIC LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Everbright Pacific Limited (formerly known as HTP Holdings Limited)("the Company") will be held at Mandarin Singapore, Reception Hall, sth Floor, South Tower, 333 Orchard
      751 words
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      Page 2 Advertisements Column 2
      3 2 agKrTo CATS. 1800-*****66
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      Page 2 Advertisements Column 3
      61 2 U*****,000,080 Caiaae Central® da Credit Immobtlierde France 9CIF Floating Rate Notes due 2004 For the period from December 29,1997 to March 30, 1998, the Notes will carry an interest rate of 5.****** per annum with an interest amount of USSISOJ6 per USSIO.OOO Note and of USJI.KK.BI per US$lOO,OOO Note. The
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  • MARKETS IN TURMOIL
    • Article
      KLSE won't allow any broking firm to fail: Nik Din
      368 3 [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE) would not allow any broking houses to collapse despite the current bearish stockmarket situation, a report said yesterday. "We are trying our best not to allow any brokerages to close. This is
      368 words
    • Article
      Bank Negara to push for merger of finance firms
      376 3  -  Six big finance firms expected to be in umbrella group under plans to be unveiled From Eddie Toh in Kuala Lumpur MALAYSIA'S Bank Negara will soon unveil plans to merge the country's largest finance companies with smaller firms in a bid
      376 words
    • Article
      Lock icon Thais lobby ratings giants for fairer hearing
      316 3 AFP [BANGKOK] Thailand is to lobby the world's top ratings agencies to give it a fairer hearing after they downgraded the country's sovereign debt instruments to junk bond status, reports said. Finance Minister Tarrin Nimmanahaeminda said the agencies Moody's Investor Services and Standard
      AFP  -  316 words
    • Article
      Lock icon Indosuez disclaims US$200b debt report
      212 3 Estimate contributed torupiah'sdrop, raised Suharto's ire Bloomberg [JAKARTA] Indosuez WI CanSecurities disowned a report by its acting head of research in Jakarta which estimated Indonesia's foreign debt at US$2OO billion (***** billion) and raised the ire of Indonesian President Suharto. The US$2OO billion figure is
      Bloomberg  -  212 words
    • Article
      Lock icon Thai trade surplus bigger than expected
      206 3 Reuters Bloomberg [BANGKOK] The Bank of Thailand yesterday announced bigger than expected trade and current account surpluses for September and October, the first clear benefit from the baht's free fall. The central bank said October's trade and current accounts showed surpluses for the second
      Reuters; Bloomberg  -  206 words
    • Article, Illustration
      Lock icon Seoul passes reforms as banks start to roll over debt
      336 3 But parliament defers mi finanriil sector layoffs AFP [SEOUL] South Korea's parliament passed a key financial reform package late on Monday as foreign banks started making commitments to roll over debts. Among 18 bills passed is one eliminating by April
      AFP; REUTERS  -  336 words
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      Page 3 Advertisements Column 1
      1025 3 VAN DER HORST LIMITED (incorporated in the Republic of Singapore) RESULTS FOR THE YEAR ENDED 30 SEPTEMRERI997 The directors are pleased to make the following preliminary announcement of the unaudited results for the year ended 30th September 1997:Latoat year to 1887 Previous yMr to 1998 srooo srooo incrsass*(dscrsass) Co Group
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  • REGION/WORLD
    • Article
      Lock icon China economy grows 8.8%, slowest since 1990
      423 4 BEIJING Slowing factory investments, sluggish consumer demand offset export surge Bloomberg CHINA'S economy grew at its slowest pace since 1990 as slowing investments in new factories and sluggish consumer spending offset a surge in exports. China's economic output rose by 8.8 per cent
      Bloomberg  -  423 words
    • Article
      Lock icon China unveils tax breaks for capital imports
      316 4 BEIJING Reuters CHINESE Foreign Trade Minister Wu Yi yesterday announced selected tax breaks on capital goods imports starting January 1 in a move to boost flagging foreign investment. Tax exemptions were scrapped from April 1996 and are partly behind a precipitous fall in
      Reuters  -  316 words
    • Article
      Lock icon M'sian economy will recover sooner: official
      409 4 KUALA LUMPUR Bernama ON THE eve of his retirement as Treasury Secretary-Gener-al, Clifford Herbert said he is more than convinced that the Malaysian economy will bounce back sooner than what the pundits have predicted. He said although Malaysia, despite its strong economic fundamentals, was
      Bernama  -  409 words
    • Article
      BJP forges new alliances to fight elections
      561 4  -  NEW DELHI By] Rajendra Bajpai THE right-wing Bharatiya Janata Party (BJP), which ruled India for two weeks last year, is forging new alliances with regional parties in a bid to capture power in the midterm elections expected in February. The party has succeeded
      561 words
    • Article
      Lock icon Kohl trims growth forecast to 2.5%
      163 4 BONN Reuters CHANCELLOR Helmut Kohl yesterday trimmed his forecast for growth in Germany next year but remained convinced the launch of Europe's single currency would go ahead on time in 1999. Mr Kohl said the German economy would grow by 2.5 to 3 per
      Reuters  -  163 words
    • Article, Illustration
      Lock icon To kill a coughing bird
      627 4  -  HONGKONG By Quak Hiang Whai YESTERDAY will surely go down in history as the day of The Hongkong Chicken Massacre or as the number-lov-ing Chinese love to remember major catastrophies, The Three Zero Incident (for the date, Dec 30). For by the time you read
      REUTERS  -  627 words
    • Article
      Taiwan primed to 'go south' in race for bargain Asian assets
      805 4  -  TAIPEI Bruce Cheesman EUROPEAN and US investors face tough competition from Taiwan in the hunt for bargains in South east Asia, Japan and South Korea triggered by the Asian currency and market meltdown. Asia's sale of the century is
      805 words
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      Page 4 Advertisements Column 1
      10 4 Zaobao '9711 IS o*»fSl «iii3D> m Mb; il o IP
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      Page 4 Advertisements Column 2
      68 4 "■■■■■■■■MMHRHiVViMIIIPPiiP rfii HIGHLY PROFITABLE BUSINESSES TO BOOST YOUR "BOTTOM LINE" GRAB THIS GREAT OPPORTUNITY! BUSINESSES: HOSPITALITY SUPPLIES TO HOTELS, CRUISE SHIPS* ROOMS/ CABINS/ OFFICES RENOVATION JOBS; FOOD/SEAFOOD SUPPLIES; WIDE CLIENTELE BASE IN THE REGION; HOLDS A NUMBER OF PROFITABLE AGENCIES WHY WE SELL OUT? SELLERS ARE RETIRING FOR HEALTH REASONS.
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lessons to be learnt from the Asian crisis
      777 5  -  OPINION THE BOTTOM LIMB By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in the Los Angeles Times HISTORIANS have learned to take for granted Napoleon's defeat at Waterloo. That's not the way
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    • Article
      IN OTHER WORDS
      104 5 'I personally don't like a judge being called a madam because it has other connotations.' JamrmUM Loong Hongkong lawyer on the proper form of addressing female judges. 'It is a war mentality and Koreans are preparing for war.' -HihnChiißooj political scientist in Seoul on people's reaction to
      104 words
    • Article
      Asia's loss is not the West's gain
      628 5 EDITORIAL IF the financial turmoil of 1997 implied the collapse of Asian values, as some Western analysts would have it the challenge of 1998 calls for more not less of those very qualities of thrift, industry, resourcefulness, sound management and transparency that made
      628 words
    • Article, Illustration
      Lock icon India waits for growth
      1127 5  -  India's investors are still waiting for firm leadership and action in lowering public sector borrowing By. Prem Shankar Jha The writer, former editor of the Hindustan Times, contributed this cuticle to BT WHEN will the recession that afflicts the Indian economy end? Will it ever end?
      AFP  -  1,127 words
    • Article
      Parallel currency the answer?
      782 5  -  MAILBOX Soon Thon Invichit THE present weakening of Asean currency is, amongst other factors, a result of unceasing demands for US currency to finance trade transactions. In the face of ever weakening regional currencies, unscrupulous speculators had taken advantage to exploit this situation. So without an
      782 words
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  • Page 5 Miscellaneous
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      318 6 Where to wine, dine and entertain...~i(S>ipM ss«£ The Hubert us Grill returns by popular demand (or Xmas Eve Day and New Year's Hve& Day only. Serving our renowned gourmet buffet. So call 839 1555 now to book your table. Also available are private rooms for your Xmas Office part les.
      318 words
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      Page 6 Advertisements Column 2
      200 6 Mew Year! jflPLw 31Pflfcr'97 New Year Eve BUFFET LUNCH INTERNATIONAL BUFFET DINNER AND DANCE 1 Jan '98 New Year Dav BUFFET LUNCH DINNER, HIGH TEA Luna Coffee House <n r r reservat ns K!p JTf I9KP ca 733 2081 ext 468 ilo A steamy affair is about to begin! The
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      Page 6 Advertisements Column 3
      162 6 Wishing you a season of j^StIVC cheer f r m °f *he Royal Crowne Plaza. Call and ask about ourof the b Christmas culinary offerings, at Tel: 737 7966. HHi CROWNE PLAZAiiiumt Up! H+dr km Ommm Htm 25 Sent, M S,. t *r~r *****0 Ttt (65)737 7966 Ac (65)737 6646
      162 words
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      Page 6 Advertisements Column 4
      297 6 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1300-*****66 A Super buffet awaits you and your 0 1 family andfriends at Jj Nibbles Cttfe' Feast on a wide selection of local 6 specialities offered in our \SJ sumptuous buffets T New Yea** Eve-31 December 1997
      297 words
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      Page 6 Advertisements Column 5
      143 6 Mj.. 24-hour Coffee House let floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 F»«H 21 if December «H> njluf Hvoujk H\« lerHve scam*, OU* will s<rOM«« b««\««W\ Hs« tnOif SUmfHtMtS fej+tve bt*£fe+-s AK> >«liS«f Meatus, iHctu>i«tj dwiriww Eve, CUrilHwtl 0«y «*> N«v»
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      815 6 TV&RAPIO fIHMHRMMMif Special III: All Of Me. &30 Tinjauan 4 97 (Year End 1 M%\ Ii;ISTTTTTTHTS^ aaa p\f tv innm/ofinno 2.0® Singles (Sr. 3, Ixistvp). Round Up). a!ao Th Wmnm 300 The Three Stooges. 040 Kalau Dapur Tak Berasap rri 3.15 The New Statesman. -Series 4. joa Twhaw) Money. 3.45
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      203 6 CRVFTIC CROSSWORD 9 Raise for discussion ship or 10 Note two new drivers have an accident (4) B—II I 11 An old-time chorus to conclude the evening? (4,4.4) 13 Falling in brief violent episode 17 Led in for punishment given 20 Abandon weapon? Mad, 28 Spoil one yellow flower (8)
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      What a ride for the car industry
      1153 7  -  chriotofhbrtak picks the 10 most memorable cars in an eventful year when Kia went under and the Baby Merc rolled over CHRISTOPHER TAN VICKERS puts Rolls-Royce up for sale, Chrysler sets up its Asia centre. Asian cars roll out, Baby Benz rolls over,
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  • COMPANIES & MARKETS
    • Article
      Van der Horst net falls 79% on lower Indon contribution
      392 8  -  Bottomline dragged down to $522,000 after $10m charge for fall in rupiah, peso By] R Sivanithy [SINGAPORE] Engineering and infrastructure firm Van der Horst yesterday reported a worse-than-expected 79 per cent plunge in profit for the year to $10.91 million
      392 words
    • Article
      Lock icon Taiwan's Chinatrust mulls taking Bangkok Bank stake
      408 8 Decision depends on Thai polls, response to economic crisis Reuters [TAIPEI] Taiwan's Chinatrust Commercial Bank yesterday said it was evaluating whether to take a minor stake in Asian crisis-battered Bangkok Bank, Thailand's largest commercial bank. Chinatrust executives said the plan was only in
      Reuters  -  408 words
    • Article
      Excel profit rises 16% to $5.9m
      131 8 [SINGAPORE] Excel Machine Tools' net profit rose 16 per cent to $5.9 million for the year ended Sept 30. Turnover jumped 31 per cent to $69.5 million. At company level, however, profit fell 2 per cent to $3.7 million. Earnings per share is 3.73
      131 words
    • Article
      North Borneo Timber's rapid rise: one for the watchdogs ?
      623 8  - North Borneo Timber's rapid rise: one for the watchdogs HOCK LOCK SIEW Eddie Toh IT'S NOT for nothing that Malay-sian-listed North Borneo Timber has been dubbed "Nothing But Trouble". Controlled by Joseph Ambrose Lee, the company failed to end the year on a winning note after bucking market trends for
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    • Article
      NatSteel, Teledata in mobile phone licence bid
      251 8  -  By) David Boey [SINGAPORE] Mainboardlisted Nat Steel and Teledata have teamed up with US-based GTE Corporation in a bid to secure a Telecommunication Authority of Singapore mobile phone licence. The three partners, which have pooled their resources under a consortium called P2P Communications
      251 words
    • Article, Illustration
      Lock icon Nippecraft looking to conquer US data products market
      436 8  -  By, Annette Pau [SINGAPORE] After over a year of internal restructuring and a change in its majority shareholding, mainboardlisted diary-maker Nippecraft Ltd is raring to conquer the US data products market. It reckons its Collins brand has just the write stuff with
      FILE PHOTO  -  436 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel cuts price of cheapest Pentium II chip by 33%
        419 9 It's cutting prices faster to spur demand for newest chip; analysts Bloomberg [SANTA CLARA] Intel Corp cut prices on its lowest-priced Pentium II microprocessor by 33 per cent to give personal computer makers the ability to cut prices on their
        Bloomberg  -  419 words
      • Article
        Lock icon Tyco to buy Holmes Protection for US$107m
        262 9 Bloomberg [HAMILTON, Bermuda] Tyco International Ltd has agreed to buy Holmes Protection Group for about US$lO7.l million (Ssl79 million) in cash, or US$l7 a share, to expand its electronic security business in the north-east of the United States, an analyst said. New York-based
        Bloomberg  -  262 words
      • Article, Illustration
        Lock icon Hang Seng's honorary chairman
        141 9 Bloomberg [HONGKONG] Hang Seng Bank said yesterday it will appoint Lee Quo-Wei honorary chairman effective from Jan 1, after he retires as non-execu-tive chairman of the bank on the same day. He served as executive chairman of Hang Seng, a HSBC Holdings pic unit, for 13
        Bloomberg; FILE PHOTO  -  141 words
      • Article
        Lock icon Yaohan M'sia to be renamed Aktif
        384 9 AFP [KUALA LUMPUR] Yaohan Holdings (M) Bhd yesterday announced that it would be known as Aktif Lifestyle Corporation Bhd from January to reflect a change in shareholding and management. Director Johari Low Abdullah said the new name would allow the Malaysian company to be
        AFP  -  384 words
      • Article
        Lock icon IBM scientists double own record in disk-drive storage
        383 9 Bloomberg [SAN JOSE, California] International Business Machines Corp (IBM) was poised to announce last night that its scientists have doubled their own record in hard-disk information storage, getting more than 11 billion bits in a square inch of disk space. That means
        Bloomberg  -  383 words
      • Article
        Lock icon HP to buy Heartstream for US$130m in stock
        156 9 Bloomberg [PALO ALTO, California] Hewlett-Packard (HP) said it will acquire Heartstream for about U*****.7 million (*****.8 million) in stock, to expand its line of defibrillators for heart patients. Seattle-based Heartstream shareholders will receive shares of HP stock to be determined by a
        Bloomberg  -  156 words
      • Article
        Three new stocks in UOB Blue Chip Index
        191 9 [SINGAPORE) Singapore Technologies Engineering, Venture Manufacturing and Parkway Holdings will be included in the UOB Blue Chip Index from Jan 2, United Overseas Bank said yesterday. ST Engineering will replace Jurong Shipyard while Venture and Parkway will replace Auric Pacific and Wearnes
        191 words
      • Article
        Lock icon TI-Acer venture slashes 1997 forecasts again
        412 9 Loss likely to widen to NTs4.6b on poor market, forex rate Reuters [TAIPEI] TI-Acer, a joint venture of Acer of Taiwan and Texas Instruments, said yesterday that it was further lowering its 1997 financial forecasts due to slumping world prices for memory chips. TI-Acer
        Reuters  -  412 words
      • Article
        Lock icon Road Builder buffered from slump
        323 9 Reuters [KUALA LUMPUR] Road Builder (Malaysia) Holdings Bhd yesterday said ongoing construction works and a new port management project will help buffer the company from the country's economic slump. The construction and property firm hopes at least to maintain its 80 million Malaysian ringgit (5534.5
        Reuters  -  323 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Price of cooking oil unlikely to rise: suppliers
        462 10  -  Intense competition seen keeping lid on prices despite hikes in palm oil prices By Siow Li Sen [SINGAPORE] The price of palm oil-based cooking oil is unlikely to increase despite hefty increases in the price of the underlying commodity, say suppliers. They
        Source: Reuters  -  462 words
      • Article
        Lock icon CME, Nymex oppose plan for Internet cattle trading
        415 10 They urge regulators to reject scheme over alleged shortcomings Bloomberg [WASHINGTON] The Chicago and New York mercantile exchanges urged regulators not to approve a Texas firm's proposal to set up what would be the first commodities trading exchange on the Internet. Texas
        Bloomberg  -  415 words
      • Article
        French insurers Axa, UAP merge Singapore operations
        240 10  -  By Soh Tiang Keng [SINGAPORE] Two French insurance companies, Axa and UAP (Union des Assurances de Paris), have merged their operations in Singapore as part of a global consolidation move. The merged outfit, known as Axa Insurance Singapore (AIS), has total gross premiums
        240 words
      • Article
        Lock icon Lloyd's underwriting capacity for 1998 is £10.1b
        179 10 Reuters ILONDON] The Lloyd's of London insurance market said on Monday that allocated underwriting capacity for 1998 would be £10.13 billion (5128.2 billion), up from £10.03 billion In 1997. Lloyd's also said corporate members would for the first time represent the majority of
        Reuters  -  179 words
      • Article
        Lock icon Interim nod for brokers' US$910m Nasdaq settlement
        265 10 Bloomberg [NEW YORK] A federal judge on Monday gave preliminary approval to a US$9lO mUlion (Ssl.s billion) settlement of an investor class-action lawsuit alleging that 30 brokerage firms conspired to rig prices on the Nasdaq Stock Market. At a hearing in federal court
        Bloomberg  -  265 words
      • Article
        Lock icon Record year for US asset-backed bond sales
        243 10 Issuance expected to total a bumper USslB4.7b in 1997 Bloomberg [NEW YORK] Asset-backed bond issuance is likely to reach a record of more than U*****.7 billion (Ss3o9 billion) this year after sales of securities backed by home equity loans surged, the Bond Market
        Bloomberg  -  243 words
      • Article
        Lock icon Euroyen hit by holiday inertia
        154 10 SSXEXHeport Reuters [SINGAPORE] Simex Euroyen and Eurodollar futures traded listlessly yesterday as Japanese markets closed early for the start of the New Year holidays. Dealers said most participants had squared their positions and trade was likely to remain subdued with Japan out for the rest
        Reuters  -  154 words
      • Article
        Futures respond to strong Wall Street
        142 10  -  MSCI TAIWAN FUTUKES By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures responded favourably to the strong Wall Street performance overnight, with Taiwan investors also heartened by the International Monetary Fund's continued support of
        142 words
      • Article
        Lock icon Traders push oil price to 2-year low
        316 10 ENERGY REPORT Reuters [LONDON] Oil traders have fired a sharp warning across the bows of Opec, pushing crude values to a two-year low just days before the oil-pro-ducing group brings a new pact permitting higher supplies into effect. Bellwether Brent crude has slumped
        Reuters  -  316 words
      • Article
        Lock icon CURRENCY REPORT
        264 10 Reuters THE US dollar took a firm tone in European trade yesterday at the expense of the mark and Swiss franc as safe-haven plays started to unwind amid the progress major global banks made on financial support for South Korea. Corporate end-of-year dollar demand added to the dollar's
        Reuters  -  264 words
      • Article, Illustration
        Untitled
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    • Article
      COMMODITY PRICES
      1629 11 SICOM FUTURES Dec 30 IUNCK {Mm cMMa at 5J0m) BSICMTMCKScwfcto) Ctosa Vaiwa OpM Mawtt M# law Satt (to—«) latamt JM98 120.00 Ftt> 98 ***** 700 Mv 98 122.75 595 Apr/Jun 96 07JS 0550 JW/Sap98 ***** 2V45 Oct/Dcc 98 U100 4500 ISS3C0NT8ACT<UScmti/k«) MM OpM It* —A- rt II 1
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      WORLD STOCK MARKETS
      2176 11 LONDON d*c 30 hiestrtete 31 Group 505 unch AB Port* 299.600 *.600 Abtey National 1094.490 V4.510 AMadOomacq 525 Amac TI7 unch AsM Group 178.400 1.800 BAT Ind 552 -2 BG Pic 280.600 -.400 BtCC 175 1 BOCGcoup 991 -29 BR Patrolaum 802 -5 BTR 184 .800 Bank
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      Lock icon TOKYO
      1656 11 Bloomberg AFP H Nikkei 225 ****** JAPAN'S stock market finished a volatile year on a positive note with a 3.3 per cent gain yesterday, but there were few cheering crowds in the bourse which closed at its lowest level in 12 years. The benchmark Nikkei 225 rose 483.52 points
      Bloomberg; AFP  -  1,656 words
    • Article, Illustration
      Lock icon HONGKONG
      1558 12 AFP Q Hang Seng >***** HONGKONG stocks closed sharply higher yesterday, lifted by bottom-fishing in the property sector and the prospect of Wall Street ending 1997 on a positive note, brokers said. The Hang Seng Index leaped 252.22 points, or 2.40 per cent, to 10,755.21, just off the high
      AFP  -  1,558 words
    • Article, Illustration
      Lock icon CHINA
      655 12 Reuters MShenzhenßlndex *0.63 SHENZHEN'S hard currency B Share Index closed firmer yesterday, buoyed by demand for stocks expected to release robust annual results for 1997, analysts said. The B index gained 0.63 point, or 0.66 per cent, to 96.02 as turnover swelled to HK$l9 million from Monday's HK$l6 million.
      Reuters; Sorcc CnM l|«w* SeorWw (AmHM  -  655 words
    • Article
      Lock icon TAIPEI
      359 12 AFP QWP Index *6902 TAIWANESE share prices rose 0.9 per cent yesterday, led by plastics, construction and food stocks, as an overnight rise on Wall Street boosted sentiment, dealers said. "A US market rally boosted the market sentiment to stage a rebound," said Peter Chang of Polaris Securities Co
      AFP  -  359 words
    • Article, Illustration
      Lock icon BANGKOK
      827 12 AFP HSETlndn *7.06 THAI share prices closed 2 per cent higher yesterday on for-eign-led window-dressing, mainly in energy and banking stocks, amid improved sentiment in regional markets. "End-of-year windowdressing propelled the market today and will continue to do so tomorrow," Bill Anderson, an analyst at Seamico Securities, said. The
      AFP  -  827 words
    • Article, Illustration
      Lock icon JAKARTA
      724 12 AFP Composite Index +3.70 INDONESIAN share prices climbed 0.9 per cent yesterday, supported by last-minute buying in selective large capitalised issues amid suspected year-end window dressing, dealers said. "People expected a lot of ramping of stocks today. All the big-cap stocks including Telkom, Indosat, and others were expected to
      AFP  -  724 words
    • Article
      Lock icon SYDNEY
      590 12 AFP F1 All Ordinaries *25J AUSTRALIAN shares rose almost one per cent yesterday amid optimism in US and European markets, brokers said. The Australian Stock Exchange's key indicator, the All Ordinaries Index, closed up 25.1 points at 2,601.4. The All Industrials rose 41 points to 4,447.0 while the All
      AFP  -  590 words
    • Article
      Lock icon WELLINGTON
      270 12 AFP fl Wellington *33,32 NEW Zealand stocks gained 1.5 per cent yesterday on the back of offshore buying. The NZSE-40 Index added 33.32 points to close at 2.292.29 on a turnover of NZ527.73 million. Cavill White Securities' Don Turkington said the market was strong in line with offshore bourses.
      AFP  -  270 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7937 13 MMSTMALS Cmmmht pniictt ***7 Lest Vol Day NX Cap "Nfc L— CMNay Sal* *000 High Ln P/I »mli 205 AJInomoto 208 r 2 2 200 208 its 84 3 448 89.5 Anqkiu 95 5 56 9« 91 2.2 140.1 905 160 Apollo Food Hlg 160 -10 1 160 160 4.7
        7,937 words
      • Article, Illustration
        Lock icon Shares up 3.6% on local funds' buying
        407 13 Bloomberg rl Composite Index *20.73 MALAYSIA'S key stock index rose 3.6 per cent, led by Telekom Malaysia Bhd, Tenaga Nasional Bhd, and Malayan Banking Bhd, as local investment funds bid up shares. "It looks more like (year-end) window-dressing." said David Yong, a trader
        Bloomberg  -  407 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
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        3,432 words
      • Article
        Noel Gifts International warrants: good gearing, limited downside
        199 14  -  WARRANT WATCH By R Sivanithy NOEL Gifts International's shares have been creeping up in the past three weeks they hit rock bottom at 25 cents on Dec 5 but now sell for 42 cents. That's a 60 per cent return which in
        199 words
    • Article
      CLOB INTERNATIONAL
      2081 14 MALAYSIAN STOCKS MM <-& yrrt LMt Vol Ooy LMtOMto M» V* MM JCjp Ml* Lmm Mm f"y m COOO> Low Bwyor >08ar CV W *m« 47B 39 ms5000 AISBSOc 48cd M 307 51 44 49~ U jjj* 137 15 mi5001 AMOBSOc 20.5 *2 310 203 19 20 20.5
      2,081 words
    • STOCK EXCHANGE OP SINGAPORE
      • Article
        Untitled
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        631 words
      • Article
        MAIN BOARD
        4697 15 Transaction Date: Dec 30 Or or m m nrr Laat Vai Oa» Laat tMk Wv Dtp *M MM Cap A*i t— SMOp Cooqpm SaOa fOtW I— U» —par Cw Pit. g »»8 157 215 1020 ACtO.naPPcjOOc 215 -05 72 25 215 24 2* 1*2 2* 5144 ASCMTS10 200
        4,697 words
      • Article
        SESDAQ
        1014 15 Or Or H«t WOT Last Vol Mf LMt Ml CM* M n M Cm Aa* com mm Ciim u* *h_ roooi Laa Mayor oaosr cw M mto W 7t 2000 AMW0«sSc DO aac» >0000 120 10 iO U MS.7 S7J ot 440 no 2040 UMit( OS Mt Ot 00
        1,014 words
      • Article
        Untitled
        219 16 Stocks Votame *MBf Capital 13,693.000 *RHB Cap Wt99 10.164,000 •M Resources 5,832.000 'Refcapacific Bh 4.942,000 HotunglnvNTS 4,647,000 Asia FoodS Prop 3,829,000 HK Land USIOc 3,631,000 GPE Ind 20c 3,140,000 *MBf Hldqs 50c 3,035,000 SingTel 15c 2,977,000 Stacks SPH Foreign 12,583,630 SingTel 15c 9,323,862 DBS Foreign 7,866,804 *M Banking 7,775,660 SIA
        219 words
      • Article, Illustration
        HOT STOCK
        68 16  -  by Shiv Taneja INNO PACIFIC HOLDINGS closed one cent higher at 11.5 cents on a volume of 2.64 million shares, compared with its 10-day traded average of 1.13 million units. Based on the daily and weekly RSI and Stochastics charts, the medium-term outlook for this stock is positive,
        68 words
      • Article, Illustration
        Lock icon Activity up but Inchcape fall drags down STII
        698 16  -  Window-dressing reported but local funds also said to be taking positions ahead of new year STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] Compared to Monday's nondescript session, activity in the local market picked up slightly yesterday through a combination of retail interest
        Chart info from Bridge  -  698 words
      • ON THE GRAPEVINE
        • Article
          Fee woes
          104 16 SPARE a thought for OCBC and Citibank, the two banks managing QAF's aborted takeover of its sister company Indofood. The deal was to be financed by a huge rights issue and had to be cancelled due to poor market conditions. If the deal had gone through, the two
          104 words
        • Article
          A gambler's tale
          115 16 AUSTRALIA'S Crown Casino has managed to tap into the gambling vein of many Asians—it charters a Singapore Airlines plane to fly them to Melbourne, and yes, you guessed it, the flight number is SQBB. Obviously, the double dose of prosperity is working for the gamblers. According to
          115 words
        • Article
          Uncle Lim's best bet?
          69 16 MALAYSIAN casino king Lim Goh Tong is widely expected to bail out a handful of politically well-connected tycoons. A "national service" from him would be in order as he holds the licence for the sole casino at Genting Highlands. The gaming tax on its casino revenue
          69 words
        • Article
          It's all relative
          80 16 IF YOU are one of those planning a getaway to Australia for the Chinese New Year holidays, there could be some good news. According to the latest currency report from Westpac, the Aussie dollar is expected to weaken further due to the ongoing negative regional developments and
          80 words
        • Article
          Unique invitations
          76 16 WE THOUGHT we'd virtually seen every kind of invitation, but a new one just landed on our editor's desk—one from Sony Singapore in the shape of a plastic tablet The invite is for the launch of the FD Trinitron Wega (according to the folks at Sony, this is
          76 words
        • Article
          Industrial in-action
          85 16 FRONTLINE police officers in New Zealand are refusing to issue tickets for minor traffic offences as part of a nationwide protest against delays in resolving a pay dispute, the New Zealand Herald reported on Monday. Internal messages between police staff, obtained by the Herald, reveal growing anger over
          85 words
        • Article
          It's just a (very expensive) bug
          109 16 IT IS amazing what a few bugs can do to a large Anglo-Dutch concern like Unilever. The firm estimates that it will spend around one billion guilders (SSB2B million) fixing the millennium bug. The bug arises when people use the last two digits of
          109 words
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      Page 8 Advertisements Column 1
      364 8 I ff' 1/ a. J J \3 < jr I I A WEEKLY SUMMARY OF I HOME NEWS I I AT YOUR FINGERTIPS I I Th# Straits Tim* Weeldy Edition brings you a crisp I I «umm«y of the m>ior Nppenings in Singapore and In 11 iiSr tT t~ in
      364 words
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      Page 9 Advertisements Column 1
      139 9 and it COStS you nothing. You have just attained world-class recognition with your ISO certification. To customers, it means that your company has attained high quality standards for yolir products or services. This is your biggest competitive edge. So tell all your customers about it in a special feature. It
      139 words
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      Page 12 Advertisements Column 1
      60 12 Buvina or selling throuah EWStft JW ULlr The Straits Times Classified is child's Play. CallCAT.S.at i 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. CATJS. Another Classified Service The Straits Times CLASSIFIED Where buyers and
      60 words
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      Page 12 Advertisements Column 2
      26 12 ♦The Manila and Seoul stock markets were closed yesterday Didn't you know? I read it in A Cififc Cit>' H»WI ii Sm<>| Cl«tiiflt4 Mi wnk»»<. J
      26 words
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      Page 14 Advertisements Column 1
      63 14 LONGINESjr Verv f ligh Precision (20 times more precise than a conventional quartz} Calendar date needs no adjustment for more than a century. Powered by latest generation lithium j VV Sapphire glass Water L'ELEGANCE DU TEMPS DEPUIS 1832 1 f ßetati°Price I 790/- Sole [XMnbulor SMI I SKA <S> PTF.
      63 words
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      Page 15 Advertisements Column 1
      44 15 P^IiONGHNES' k Extra-slim models, water-resistant. MM .'jtt Quartz movements. Sapphire glasses Tfc L'elegance du temps depuis 1832 Ref No L 4615 2.11.1. Sole Distributor: SMH SEA (SI PTE LTD 4JBA Alexandra Road t)VOVO4 Alexandra Technopark Stngaporr *****7 Tel 27f6K8 Hax 27N696 P tX l7a/
      44 words
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      Page 16 Advertisements Column 1
      419 16 I BUSINESS X() tiers l'» aclurtisc call 101 l -In r IXOO-741 IKS 3 I IN THE MATTER OF THE COMPANIES ACT CHAPTER 59 AND M THE MATTER OF TING TAI INTERNATIONAL CO. PTE LTD (la Mam Mrs' Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the
      419 words
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      Page 16 Advertisements Column 2
      379 16 In the Matter of The Companies Act. Cap 50 and In the Matter of ATRACO ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havetocfc Road, #0707 Apollo Centre, Singapore *****3 on Tuesday, the 30th day of
      379 words
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      Page 16 Advertisements Column 3
      267 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ART PTE LTD (In Mcaben' Votaelary UpdatiM) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN tm an Extraordinary General Meeting of Membcn of AET PTE LTD duly convened and held at 41 SB Jalan Besar. Singapore *****6 on 22ad December 1997, the
      267 words
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      Page 16 Advertisements Column 4
      417 16 M THE MATTER Of THE COMPANIES ACI OWTER 50 AM) H THE MATTER Of NG CHEOW I£NG CO PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN tot fie CREDITORS o( the obovenomed company, which b being wound up voluntarily, art required on or before 31 January 1998 to
      417 words
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      Page 16 Advertisements Column 5
      42 16 BUY it SELL;; FIND Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. TO l l fI I 1800*737-1166 l«£J (•H W4«t hi
      42 words
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      Page 16 Advertisements Column 6
      126 16 It could be any number of anniversaries, ISO certification, pages but the cost of a special 1 ground-breaking ceremonies feature in our newspapers and topping up ceremonies, will remain the same for you: $0. We will Since you have so much to gain and nothing organise sponsorship as well as
      126 words
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  • SHIPPING TIMES
    • Article, Illustration
      Keppel T&T sells 2 vessels to Irano-Hind for US$21m
      411 17  -  The sale will provide Keppel with resources to diversify further ly Felix Chan [SINGAPORE] Keppel Telecommunications Transportation, a unit of diversified conglomerate Keppel Corp, npiH it has sold two vessels to Irano-Hind Shipping Company for about US$2l million. Keppel T&T's (Shipping)
      411 words
    • Article
      MARITIME STOCKS
      166 17 jm mm CWTIktMM.IIII met 6 amm*m <<»5 29 r Mfl hMMbHMt QM *0.03 X NiPl Mg undj 477 ,SSs:z=:as s 1 JmiitSSm ojrs *oj* j7i«|ir»iirf 7.7 -A3 9 J_ Kt00tlCmi' 4J0 *4.06 BM 3 r-rrrr* T JM *o.« 7 SSSiMM U *003 20 K«55T*I> 107 Mil X* uRvwrtM
      166 words
    • Article
      Conferences galore for shipping journalists
      705 17  -  STRAIT TALK By\ Seafarer DOES anybody know how many shipping conferences and exhibitions have been held in the past year? No, neither does Seafarer but there could scarcely have been a week without at least one major such event somewhere worldwide and there were several
      705 words
    • Article
      Lock icon China begins project to deepen Yangtze channel
      235 17 Reuters [SHANGHAI] China has started a 15 billion yuan (Ss3 billion) project to deepen the entrance of the Yangtze River to allow access to big container ships, officials said on Monday. The Shanghai project will take 10 years to complete with the first
      Reuters  -  235 words
    • Article
      Lock icon Court appoints receivers for Korea's Halla yard
      300 17 The firm says the ruling will help the group revamp Reuters [LONDON] Halla Engineering Heavy Industries Ltd, the privately-held South Korean shipbuilding group, said a Korean court had officially appointed two joint receivers to the company. In a letter sent to clients, Halla
      Reuters  -  300 words
    • Article
      Lock icon China's container industry in dire straits after price cuts
      259 17 AFP [SHANGHAI] China s container industry is paying the heavy cost of becoming the largest producer in the world with a capacity to produce all the containers the world needs. Heavy price cutting has earned China the dubious honour of replacing
      AFP  -  259 words
    • Article
      Lock icon NY ferry service to Staten Island to close
      496 17 But city officials are in talks to keep tke rente alive witk another operator NYT [NEW YORK] New York Fast Ferry, a ferry service between Staten Island's St George Ferry Terminal and East 34th Street in midtown Manhattan that made its debut
      NYT  -  496 words
    • Article, Illustration
      Lock icon Cruise liner seeks mega-rich
      1116 18 BUT A HOME ON A SHIP A new USssoom luxury cruise liner will offer those who can afford it apartments with an ever-changing view Reuters DO the cabins on luxury liners feel cramped on world cruises? Would you prefer the skyline of Rio de Janeiro or
      Reuters  -  1,116 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      351 18 PAGE a-SnqM IS Ml 3 s f4mous 7 Accord 8 f»r*K* u Ahrenkiel H 8 Appenship S Frota 15 Astro 3 FrtLi*J Austral 9 6U* Avant 16 Genwrtrans 8 Btangktes 8 BSA 7 Glory X** t6 BTl 16 Go**" 4 Bangladesh IS Goodwill
      351 words
    • Article
      SHIPPING GUIDE
      18336 26 THEBUSINESSTIMES EXPORT FTA CTA Advorttjor Vast* Voyao* Tili»»iom eta ETA Adwrtlaac Vaaaal Voyaga T«hmm N\j(T(0#f NoirtMf S!N Dost'n NufT>tw NUT\0#* BRCMERHAVEN (BRV) 20S7 A Germany Ik ABIDJAN (ABJ) 2003 x/u zvti nyk leverkusen express wok b-bubi /very Coast, Cote D'lvolre m mi use no. occama sszt 05-*****22 ■Ml
      18,336 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        732 33 Vess«l Voy Wo 8ft>i Afrtval Ptprturi Aim Eiprru 59-* M timuil *8/0*10 mm itrtf* mi joi inmiii wb*oc RDatiM WW JOI *aa«Ma JO 8/1*10 Huau arm joi *aa*a*a )C 7 R «a* law *****7 JOI «an*u*a 10.12/1500 ROtalaM *****7 JOI *»fu* 30 '2/1210 tl IMIJ *****7 JOI *IP*
        732 words
      • Article
        CONTAINER SCHEDULES
        1706 33 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Boofcinq/MMC* «»th Ship Voy Wo Etb/Btr Nrtod froi To Tnm «Udl MM OVHM M JO/HM WW IW JO/HOO 30-WOC U 30/1700 3VO*51 3VOWO a urn jvo*5i jvowo 31/0700 JV*W 3V140C 4 3VUOO JVMM www Acx Utac m K/m M MM
        1,706 words
      • Article
        GLOBAL HOLIDAY
        222 33 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. Jaa 1 Australia, Austria, Belgium, Brunei, Canada, China, Denmark. Finland. France, Germany, Greece, Hong Kong, Indonesia. Ireland Republic Of. Italy. Japan. Luxemburg, Malaysia,
        222 words
      • Article
        COCKETT BUNKER MARKET REPORT
        869 33 THIS report, compiled by Cockett Marine Oil Ltd. show* price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on iverage-siMd stem Market movements are indicated The Cockett Bunker Price Index chance and the individual
        869 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        395 33 Car*, 100 Mix 909 8 12 15.4 0.10 SO *.02 iu, n Daatttv Mh Ii iiMi tik >i—lni»B ;«<!■!«t. No (toil E2S 0 110 0 =222 3M Am 904.* OJ 12.1 0.0* 14 0 J2 3*0 Ma 991.6 0.4 17.4 0.13 *3 0.0* wri in ii/II
        395 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Air cargo business unscathed by regional turmoil
        505 34  -  And Emery Worldwide is among those who had a very bright year By\ Felix Chan (SINGAPORE] Some people may profess unease about Asian economies, but don't tell that to logistics and air cargo executives. Despite the financial turmoil that has ravaged regional economies,
        505 words
      • Article
        Lock icon Daimler's operating profit above 1st-half
        297 34 Reuter, Bloomberg [STUTTGART] Daimler-Benz AG, Germany's largest industrial company, said its operating profit rose above the firsthalf total even as it incurred extra costs for production problems of its A-Class subcompact model. Daimler said it will post an operating profit in the second half above
        Reuter,; Bloomberg  -  297 words
      • Article, Illustration
        Lock icon First 911 in 34 years
        49 34 [LOS ANGELES] The totally new 1999Porsche 911 Carrera is displayed on Monday at a preview at the Greater Las Angeles Auto Show. It is thefirst new 911 car in 34 years and features a new liquid-cooled engine with a longer and wider body. REUTERS
        REUTERS  -  49 words
      • Article
        Lock icon Safer US Navy fuel being considered for passenger planes
        571 34 The JP-5 fuel is considered less flammable than the one currently in use Reuters [WASHINGTON] For more than 40 years the US Navy has used a safer jet fuel than the one whose vapours exploded in a TWA plane off New
        Reuters  -  571 words
      • Article
        Lock icon BA, American win dismissal of anti-trust suit charges
        132 34 Bloomberg [NEW YORKI British Airways pic and AMR Corps American Airlines unit won the dismissal of anti-trust allegations filed by US Airways Group Incover British Airways' decision to end a US-to-UK alliance with US Air in favour of American. At the same
        Bloomberg  -  132 words
      • Article
        Lock icon Pratt notifies users of spare parts problems
        244 34 Reuters [HARTFORD, Connecticut! Jet-engine maker Pratt Whitney, a unit of United Technologies Corp, said on Monday it has notified customers of possible problems with more than 130 spare parts. However, Pratt believed the spare parts were still "perfectly safe", Pratt spokesman Gary Minor
        Reuters  -  244 words
      • Article
        Lock icon Garuda jet makes emergency landing after engine failure
        372 34 Number 2 engine of DCIO aircraft stalls shortly after take-off AFP [JAKARTA] A Garuda Indonesia airline's DCIO was forced to make an emergency landing at an eastern Indonesian airport because of engine failure shortly after take-off, an airline official said yesterday. Garuda
        AFP  -  372 words
      • Article
        Lock icon Pudding or Semtex?
        151 34 Reuters [MANCHESTER] Security scanners at a major British airport have been fooled by hundreds of Christmas puddings, which they cannot tell from Semtex plastic explosive. Travellers heading off for the holidays yesterday from Manchester airport in northern England had packed the seasonal fare in their luggage. But
        Reuters  -  151 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1414 34 an man n* rutw n» mm nx amomm mm im mst 202s MtUM* $0230 1920 B*MM IMH Wl lailiriM S0327 0K0 SO321 BW FrMWrt 0125 0W OFOS 2255 rf >u MM IKK ■1137 K40 »in> n* 5025 aas 53 LH7M IMS S02* 2355 AadtfMi W42B* 2045
        1,414 words
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      15 17 Air cargo business unscathed by regional woes Emery Worldwide has a successful year. Pifo 2
      15 words
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      Page 17 Advertisements Column 2
      56 17 Want to bay a luxury home on a ship Cruise liner seeks mega-rich CARD ANYONE? JU° If you're into phone and MRT cards, get in touch with other enthusiasts through 1 m// Classification 76. \4,*X/zS..O )6\ Play your cards right S fk/ /hv/ call 1800-737 1166 W V J\ f
      56 words
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      955 18 1 EXPORT 1 1 OTHER DESTINATIONS I MgCT TO WEST COMT [~l ■*»"<'''<*"»*'--^ "MUMUIM "-iggg., 5-w "gs"sgr ST HST ■Tr'SgH NMMuzown insoi si/ii 01/01 w/oi oow u/oi is/oi o/oi a/11 11 —Mg(vnwM|44M I 47/41 u/w 1 Iw I I */E—l m/w —I UMMT ***** <B/%\ M/ 01 W/*! "J. 2«i
      955 words
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      Page 18 Advertisements Column 2
      580 18 Lmes services represented > by Members of the Registry of Accredited Shipping Agents N?my Singapore Shipping Association Members of the w Shipping Times Just talk to UB. Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Japan -2 x Hongkong -1 x Mania -1 Koodiiung, Kaahmg (Accapting FCI lo lIOC/NAHA/SB®AI/CBU/ICH
      580 words
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      977 19 TO EUROPE FROM EUROPE vor saTTtm hmi hv lou im Ivhsq vot »t« hmi *y sou uh mo sm —anw> uv ii/ii ti/oi 10/01 M/oi m« iso 7 oi/u 00/11 11/1111/11 */'i MDUOVD HONGKONG JSI7 82/81 IS/01 JJ/81 10/01 10/01 IfIHOOMOU 4SO/ 11/11 OS/11 00/11 31/11 ooasMMran isi7 01/01 10/01
      977 words
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      Page 19 Advertisements Column 2
      2138 19 HANJIN SHIPPING US A CANADA 0 HM VSI/VOT MM SM SU TTW 081 FPMTCH ~j MSP HT K)S DTT MEM Pit MM NTC TV* TK TTt TUI TTZ nrn «7iT~S/w n/oi li/oPa/of' H/oi"~~a/ir~ a/oi n/ji" m/oi~~ n/oi a/n a/oi n/oi h/h n/oi p/h a/oi ti/oi w/oi KUUmm 09/*1 11/01 10/11
      2,138 words
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      1424 20 <C DSR-SENATOR mm* Round the World Container Sen/ices TO UK/CONTINENT FROM UK/CONTINENT vma Iwt S" urn out jig ham fu uu> Ikmb. vot lma aim» any nam TRMfHAMVCST iOW BBtl 2101 0.81 M.Ol M SJI CMOY«6 NU* E£B7* 07 It BB.U H.lt 11.1* tt-tt MM ■KMENnMTon mn Mr moi aoi
      1,424 words
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      Page 20 Advertisements Column 2
      1092 20 LJNE YML IwtomM Wcto Site http: //www.ymLcom.tw Hi I E-m«» AddrMS: c*otip72o.ymi.com.tw IJIUmiI'MHIH 1 fl4l'iil'! j l,[ U^l l.a'l l,lii:i4 Wi/I JfUl 471H11 Rl'im nmcf wraar evbtythursoay/junoay VESSEL VOY SIN CM RTM HAM FXT LEH ANR DOVER BRIDGE A752W 02/01 06/01 24/01 22D1 21/01 26/01 MING NORTH J752W 04A)1 21/01
      1,092 words
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      Page 20 Advertisements Column 3
      571 20 LINK 9& TIL: *****56 FAX: *****12 I MUAKA 1 LABUAN msa vot rn> ra vtssa *or n» ra SPOtE MIMA SPOtl IBM aphlgurn vw/w as om apmguxt vih/»7 at «i/oi J. PtOSPH VOIE/W 03/01 M/ 01 i. PIOSPB VOIE/00 03/01 07/01 *m GUXY VOIE/W 17/11 1«/01 Ant GUXY Wli/N 17/11
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      Page 21 Advertisements Column 1
      1174 21 VUML VQY StN KK POU PKQ WW MAN MOWN PJL-1282 02/12 11/12 13/12 MAN VAMOAT PJL-1288 28/12 MAN TVYVOUM PJL-1267 07/01 18/01 MAN TAKHTI RJL-1288 18/01 I 24/01 ACCEPTING CONTAINER/BfIEAK-fULK SHIPMENTS TO INLAND POINTS IN IRAN t CIS COUNTRIES I.E. AZARBAiJAN, TURKMENISTAN. KIRGISTAN. TAOZHIICISTAN GEORGIA VIA 8. ABBAS. BIK AGENT
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      Page 21 Advertisements Column 2
      1476 21 SINGAPORE'S GENERAL AGENTS: 4 SHENTON MAY TEL 22* 1900 FAX: *****00 OUTWARD (l/l) *****02 JONOftE OFFICE. COSTAR SNIPPING PTE LTD #17-00 oos*dg saus/orgs 42osmi/43 inward deft (o/oj 4»stos COSTAR AGENCIES (I) SDN BHD Ot NO: **********0 M TOWER TWO (*****9) (ONVENTXMAI *****50/5S T/SHfUT DEPT *****25 TH: 02-07-35 ***** FAX: 02-07-*****70
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      Page 22 Advertisements Column 1
      1265 22 EUROPE/UK/BCANDINAVU/FI N LAND/RUSSIA rSGPI ROM ANW HBG THP ZEE LHW LHV THP ROM ANW HBG PKL SGP E. ROYAL RW-035 03/01 23*1 28/D1 24*1 26/01 27/01 21/01 E GOOOS RE 051 11/12 10/12 12/12 14/12 07/01 E REPUTE RW-012 10/01 21*1 03/02 31/01 02/02 03/02 04/02 E GLEEFUL RE-050 14/12
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      Page 22 Advertisements Column 2
      827 22 aifl MAC-NELS S PORE M'SIA Carrier: MM COWTR UKS, INC HW VJ «UcPM))HI7I HAMLA: MS) VtHMI PCNAN6: (04) 20M696 BANOKOK: (MB) 2SMC67 aUMMV*(»I)wZm P. KELANQ: (03) *****77 JOCT frl) «to>lo7 MOO* (R1) M«R3 MWU I LAE/PORT MORESBY MV "TRANSCORD" V.OWS3 MV "CAPf YOKE" V.OIS/98 ETA SIN: 6-1-98 ETA SIN: 4-1-98
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      Page 22 Advertisements Column 3
      378 22 r*a> NANTAI LINE FUUY CONTAINER ISO SCRVK3 TO MAURITIUS SOUTH AFRICA msa I VOT ISI I PIU IWI or »/>rl mmwm m m/ii 11/01 14/11 ti/11 a/n MUBIPMMR WK 11/P) Ml M/ll 31/11 RMUMfMKBS tm W/|| 03/P? 07/t3 RjMMERja QMS till OW WB W/B awmHUM QMS M/W MZB ■OWMDMCOM QMS
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      557 23 BSfl a. MYANMA \BBBk FIVE STAR LINE (Myannar National Line) loading (or Yangon (Rangoon) VfSSU VOY SW Pie PIN fOB ■Amw 144W SID HPA-AM 2J9W IN PT MALAYSIA AfiiNTS: 4OUSTIAO SHAPING AGWCIIS KUt m 02-03-*****00 PKL TU 02-03-*****01 POt TU 02-04-*****02 POO: TU 02-47-*****21/4 BANK LINE (A strvk* of Andrew
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      Page 23 Advertisements Column 2
      1202 23 A HYUNDAI MERCHANT MARINE CO. UP. VQ* uh 5 m* m MYDURI 304W 05/01 21/01 23/41 25/41 IS/01 IS/01 11/01 NY f(MRU 3041 11/12 14/11 14/11 14/12 14/11 11/11 05/011 MY COMMOOORI 314W 11/01 N/01 30/01 01/01 01/01 01/01 04/01 HY AOMMAL 1101 11/11 11/11 21/tt 23/12 23/12 IS/11 11/01
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      Page 23 Advertisements Column 3
      709 23 ij& FAMOUS CONTAINER UNES [fpß 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) WB ?m ADOBES* wwWLf«M>LCWL«» E-KML WMt Call Us @*****33 For Bookings Attractive Rates! We are accepting cargoes to: HONG KONG CHINA PORTS i, t V *jk *j Bangkok Laem Chabang, THAILAND Jakarta Surabaya, INDONESIA
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      Page 24 Advertisements Column 1
      829 24 AHOKOK/LABM CHAIANO JAKARTA/PAW J AMP VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 366N In Pt 04/01 XETHA BHUM ***** 01/01 03/01 555 BHUM** 78N In Pt 03/01 04/01 XETHA BHUM WW 01 /01 03/01 SINO OCEAN QCNO4I In Pt 03/01 A NAN BHUM* 67S 03/01
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      Page 24 Advertisements Column 2
      641 24 PUL INTERNATIONAL UNE PUL INTERNATIONAL HMMHWI) SSIWAW Si— L! 5 M /.W« L,fi »l.y/n muSSuhm fill I 03/91 I MI IMII MB 119/91 I SvStoi —HHi I will Mdwl otflil iwlilml Muuauuuflflu M I M I W I*™ I at liana 47SS I 09/91 Ml I 11/91 I SMI 1
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      Page 24 Advertisements Column 3
      653 24 J| ACCORD A SHIPPING PTE LTD M±B TIL: ***** IS (40 liras) PAX: *****30 POST CAM f*»J47IM» J DMSCT ACCESS TB.: *****55 (KXPOST SOOUNO) MSOICMMM t f7)U\IV7 *****34 (EXPORT DOC), *****39 (IMPORT) ffiMM r (Ml JJ? 1441 USLiMTTP://WWWJkCCCtD.COM.SO MKM (JI) Htim (Qnlerasia Jlines •wyothANMNER&ARYsmcEixr SUPER EXPRESS SERVICE TO SEA lAL
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      Page 25 Advertisements Column 1
      483 25 INDONESIA NATIONAL LINE T H I (HEME* AUTWEAP AVtmi I ««w|_Tjn| V? tfl I omit" w TO AUSTRALIA 1 WLL OOMBMHBRiifcfWICE m |w TinffßK m tn wa ma n m /—TunwwK |tia|i«maru| |*vn on mi 11*1 ■IC |*SM|»iin/ii|Mi| mi i»i ism imi mumm |\ts7»|«veinai|ii*i| it*T "Sei ar aei —mi |»i|ain
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      Page 25 Advertisements Column 2
      555 25 I jggsrpif PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecfl Street, #09-00 PIL Building, Singapore *****0. I—I—» l CR NO **********06 I UfiMWMJBI JSB2I 12Z1— 17/1 27/1 2tfl MQ Tfl Ml 2/j 111 l/J ag m 8 i 1 1 I AISO ACCgTMt WW«MAK«ASSAmASSMI—UMASM—SCMM9VMMMMI AISO ACOPTMS CAMO TO MUMW ft
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      Page 25 Advertisements Column 3
      832 25 IVEMBLB I W JED MLA I LEH I HAM THP HTM ZEE VB.LE DC NORMA HZMi (WW IVW WW 2WI TOW 28*01 28/01 30<W VBl£ OE flam H23W 15/&1 ZWI 2BA)1 OMB 04/02 OMB OMB 07/08 Y23W 20P1 MWI og/tt2 OMB 0002 11AB 11AM WW VOIgQCMIKMA V23Mf 27/Q1 (HMB QttQg
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      Page 25 Advertisements Column 4
      34 25 4tNQRBUL^\ I NOMBULK CAWQOIMWCM LTP I I REGULAR CONVENTIONAL I l^^^^^r^raANDpnrwoooOTVj^s^l InHuno 10/01 u/»i ru/mb/ami/w I ■mokmuim h/oi cooan/tßSttrarr I [also lows sggwgigMMiiDO pomi I IKHUM SMB HONCXONG/mUNC/UONSUMC I |<wmB6*6WK n/oi Howaw6/g»iwwi I VHHP
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      Page 27 Advertisements Column 1
      58 27 To retrieve more schedules, just follow these simple steps... ste P^ document M)ial 740-6000 be faxed fo\r %M \Jw° you /X*~ r the port your Ste ste P key in the four number A digit code Key in your Example: > 1 fax number To NEW YORK (NYC) 2275 M
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      Page 30 Advertisements Column 1
      1027 30 —SAMUPERA SHIPPING LINE LTD "■S" 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****09 (INWAM) TLX: R*****0 CI M. IM7MMMN BOOKINGS CALL DIRECT LIWE: *****41/43 JESSICA/CELIA/MEI CHAW 7 2SLG/WEEK [VSY SN |JAK VESSEL VOY |BN |KB SINAR NUSA "983 IN PT 03/01 (SAT) TWADIKA
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      Page 30 Advertisements Column 2
      354 30 NEWARK SHIPPING AGENCIES PTE LTD I 48-A Campbell Lane, Singapore *****1 s CHUTAGONG ar BOMBAY 1 m CALCUTTA JJ NHAVA SHEVA Wt" COLOMBO A MADRAS Par DUBAI/JEBEL AU 0 TvncomN R «r COCHIN E KARACHI MALDIVES AUOACOmmiCDDULnKD DHAKA CALL.: (65) 294 0949 FAX (BB) 294 939S Aftm* fm CONTINENTAL UNES
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      Page 30 Advertisements Column 3
      503 30 SB SIM FAR EAST 04/01 KEELUNG/KAOHSIUNG 04/01 BANGKOK 05/01 MANILA/CEBU 05/01 JAKARTA/BE LAWAN/SU RABAYA 05/01 PORT KELANG/PENANG/E. MALAYSIA 30/12 BUSAN 04/01 TOKYO/YOKO/KOBE/NGO/OSA 04/01 HONG KONG SIM CHINA 04/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/liK 04/01 LON/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 30/12 LOS ANGELES/NEW YORK
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      Page 30 Advertisements Column 4
      473 30 Singapore Soviet Shipping fib Co. Pte. Ltd. C 8 Mh **********00 BOMBAY VESSEL WY SIN BOM MQ RCL TRADE FAST TFS2O6 27/12 04AM 10AM 10/01 ORIENT CORD 107N 02AM 10KM 22/01 24AM HAJXIONG HXQOOI 11AM ISAM 31AM OlAtt TRADE FAST TFS2O7 10AM 27AM OOAK 00/02 REGULAR MONTHLY RO-RO BREAKBULK SERVICE
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      Page 31 Advertisements Column 1
      1271 31 ———-j ASIA-MEDITERRANEAN EXPRESS (AMI)-WESTBOUND SERVICE I vtssa VOY sin cm p» gen ocn I leh I anr I fb. i MSC ALE XA 9751-3 05 JAN 09 JAN 18 JAN M JAN 22 JAN 123 JAN 26 JAN 27 JAN N.HONGKONG 9752-3 09 JAN 13 JAN 28 JAN 24 JAN
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      Page 31 Advertisements Column 2
      1583 31 I rasa jjjjgr hung- swm Imi I«h I iii I m I m [vcsa numr swm| m hbanl —I«tI ml mo awail no OdSMGAWM 1577 Sl.ll MJI MJI IUI MJI KOI IUI TTM 1507 19.11 Mill 05J1 OUI «7JI MJI NO. HONG KONG 3577 OIjOI 0101 OXOI lIJI Mil Oil
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      480 32 MAA SIN I TIGER WAVE 592N 3101/01 ofro9H)l 14 15/01 I TIGER ISLAND 583N 04-06/01 09-1101 18-19/01 I TIGER BRIDGE 594N 07 0001 12-15/01 20-21/01 TIGER BAY 595N 10-11/01 15-19/01 24-25/01 TIGER WAVE 596N 13-14/01 19-22/01 27 28/01 I TIGER ISLAND 597N 17-1801 22 2&01 31-01AB XPRESS SPORE 252 04W01
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      Page 32 Advertisements Column 2
      722 32 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel: *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg LCL FCL SERVICES FROM SINGAPORE TO SOUTH AMERICA ATTRACTIVE RATES TO THE FOLLOWING DESTINATIONS: BUINOS AIMS (BUD/SANTOS (SSZ)/VALPARAISO (VAP) ETP SIN Etd BIIE Efd SSZ Etd VAP Intelligence Container VICBOIS 05/01 03/02 06/02
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      Page 32 Advertisements Column 3
      1083 32 OOCI (Sinoopore) Pte Lid CFS Keppd Disfrpk f i^A| 79 A«sotßm4 *21-04 (5) *****6 Mk 513 *01-128 Itmpky 7§Y; Y\ CD NO **********0N Ufc *****27 f- J269 ISO VV W lit *****13 Fm 22) 3942 F«: 272 7125 NORTH AMiRICA USA/ CANADA Q AWTIAUA TO USA SGf I sra OAK
      1,083 words
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  • Page 33 Miscellaneous
    • Miscellaneous
      Page 33 Miscellaneous Column 1
      126 33 IC*V C iQdf LEGEND R Thunderstorm Temperature c A Shower Weather Wind direction with speed m knots e Rom V^,/ Cloudy Sky Wov h^hf Sorfoce winds are indicated by arrows wtwch fly with the wind One fu« circle represents colm or bght ond vonotote wmds i—. One holt Heche represents
      126 words
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