The Business Times, 8 January 1998

Total Pages: 38
1 38 The Business Times
  • 12 1 The Business Times MITA(P) ll<yi2#7 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, JANUARY 8,1998 85c
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  • 907 1  -  Anwar confirms Bank Negara intervention; MAS warns By] Larry Wee, Eddie Toh m Kuala Lumpur CENTRAL bank intervention, both real and rumoured, yesterday helped regional currencies contain their losses on the fourth day of relentless selling in foreign exchange markets since the start
    REUTERS  -  907 words
  • 359 1 Sill has fallen 10.0% since the start of the Dew year [SINGAPORE] Selling momentum gathered pace in the Singapore stock market yesterday, with prices falling by another 4.9 per cent to bring the losses since the start of the new year to 10.6 per cent.
    359 words
  • 223 1 am 19 praßflluilk OK mMRUM poll: Muhammadiyah AFP [JAKARTA] The head of the country's second-largest Islamic group yesterday urged the legislature not to nominate President Suharto for a seventh five-year term in office, reports said yesterday. "Re-electing President Suharto means we maintain the status quo,"
    AFP  -  223 words
  • 431 1 One possibility is that the Fnnd may bold 2nd instalment of loan Reuters [WASHINGTON] IMF officials on Tuesday called Indonesia's economic crisis worrisome and faulted the Jakarta government for failing td follow through on pledges to restructure the nation's economy, the
    Reuters  -  431 words
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  • SINGAPORE AT HOME & ABROAD
    • 632 2  -  Bwimaw aikfar futer rttoueaf iUti funds Mt aside fcriaamttan By 1 Teh Han Shih, Carel Eag 9ANKRUPTCY laws have to lie changed if Singapore is to treed entrepreneurs and proVote innovation. This was one Of the recommendations put fcrth by a
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    • 180 2 SINGAPORE most continue to invest in its defence force, ecoMale slowdowns notwithstanding, Deputy Prime Minister Tony Tan said yesterday. "Bnilding a credible defence force Is a long-term process which requires prudent sad steady investment over many years," be said at a ceremony
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    • 164 2 A 29-YEAR old executive of OAC Insurance, Gilbert Pak, was won this year's Asean Young Manager award (Singapore). Law Song Ksng, president sf the Life Insurance Association of Singapore (LIA), yesterday presented the award to Mr Pak, who won on the merit of bis managerial
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    • 297 2  -  By Carol Eng SINGAPORE must innovate to compete in the 21st century and the regional turmoil underscores the urgency for this need, said Minister for Education Teo Chee Hean yesterday. At the National Innovation Forum, whose theme was "Innovate or Evaporate", he said that
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    • 462 2  -  By« Jenny Lan PONTIAC Marina has failed in its applteatfcjtflßr summary judgement against former tenant French fsshion retailer Lanvin. The developer of Millenia Singapore in Marina Centre recently sued Lanvin Singapore for rents due foom the remainder of Lanvin's lease at Millenia
      FILE PHOTO  -  462 words
    • 304 2  -  E7EOM THE ECONOMY Jobs By< Audrey Tan THE volume of job ads in local newspapers took a dive in December, falling 14 per cent compared to the same period a year ago. This is the second consecutive monthly drop, as total job ad volume
      EPS  -  304 words
    • 318 2  -  Cnnpany sees China market gaiog strag as S-E Asia stumbles By Teh Han Sih IN a reflection of China's strong economy and Southeast Asia's currency crisis, US networking firm Cabletron Systems is transferring staff from Singapore to China, a company executive
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    • 338 2  -  By* Abdual Hadhi SOUTH Korean conglomerate Samsung has officially announced it will be trimming output in South-east Asia. In a statement issued yesterday, the group said: "Production at Samsung's domestic facilities will be, for the time being, substantially
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    • NEWS Roundup
      • 51 2 THK coordinating meeting ofthe Singapore-Thailand Civil Service Exchange Programme, which was inaugurated yesterday, has agreed to cooperate in several areas o*bt the next 12 months. Sailor officials from both countries will work jointly on information technology, productivity, and fratnfrny trayfawrw, trade and industrial park
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      • 62 2 REEBOK International has opened a Reebok Concept Store in Suntec City Mall to showcase its proprietary footwear and apparel technologies and equipment. The store was conceptualised by Royal Sporting House. According to Reebok executives and Royal Sporting House, the store will serve as a model for
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      • 49 2 BUYERS of Digital personal computers can now enjoy up to three years of on-site professional service, compared with the standard one-year on-elte and three-year carry-in warranty. The enhanced service warranty, called Digital Service Box, is offered at 1&9 cents a day per system.
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  • Page 2 Advertisements
    • 90 2 We provide consultancy services on offshore structures, shelf companies aid incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong ♦Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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    • 136 2 r AEROSPACE REGIONAL f MARKETING MANAGER I Growing Aerospace company providing worldwide distribution of military spares and related accessories and component overhaul and repair support seeks an International Sales and Marketing Manager to support and develop sales in South East Asia and the Pacific Rim. Candidate must have previous experience
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    • 18 2 Iflairti tmlm rtocfca tumble, Pg 13 f 0 MIKIMOTO I Tke Originator of Cultured Pearls Sincc 1893 Centre,
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  • FOCUS: PROPERTY
    • 996 3 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Nov 10 *97 and Jan 3 "96 Wis? m ""uffl w (SOFT) (SS-OOO) 69 District tl Chancery Court Apt 10/0097 99 2271 1068 470 Chancery Court Apt OW97 99 2034 970
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    • 603 3  -  Uptrend is in sharp contrast to the overall 12.4% drop islandwide in landed property prices last year By, Jenny Lam [SINGAPORE] Freehold landed property in district 11 bucked the market trend last year when it ended the year with a nearly 4 per cent
      FILE PHOTO  -  603 words
    • 168 3 DESPITE the property market slowdown, real estate agency ERA Realty Network said yesterday its sales for 1997 surpassed earlier projections to hit $3.09 billion. ERA said its 1997 sales were 24 per cent higher than the $2.5 billion worth of properties
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  • Page 3 Advertisements
    • 21 3 Your weekly guide to -fy WjT and lounges p C* w*")' T^e New Paper Fastads, M J every Friday. fastads ZA/31DKf9/tH
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    • 126 3 COLLECTIVE SALE BY TBIDER TWOADJOaaNGRBBBfIULRBEVELOPMENT STIES ATLBKKOfKBMPATINearItembanganMST) 1 Site am PAN IStANO EXPRESSWAY -i Parcal A: 1581.3 sq m [17.021 sq It] parcel* MMCCI a Parcat B: 1479.9 sq m [15.929 sq It] 8 _jj i_ ConHwnad Land Area: 32.950 sq ft (Appcox) j Tenure: freehold D6P Plot Rabo: 1.6.10
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    • 331 3 ART OF PAMPERING m* IS KNOWING when LEAVE m > GUESTS' Ml Ml I Corte* the day in the serene comfort of our plush Living Room, unperturbed by the rest N of the world. Quietly confident that an unparalleled level of service is only a gesture away. NEGARA In fact
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  • MARKETS IN TURMOIL
    • 704 4  -  INDONESIAN BUDGET Muslim leader's call to reconsider re-electing Suharto also dampens market sentiment From S N Vasuki in Jakarta MARKET reaction yesterday to Indonesia's 1998-1999 budget was unremitting, driving the rupiah to a nadir 0f8,400 to the greenback as
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    • 178 4 Reuters [JAKARTA] Indonesian President Suharto's half-brother Probosutedjo said on Tuesday that Finance Minister Mar'ie Muhammad should step down as his policies had failed to address the currency crisis plaguing the country. "Prices of goods have risen, industries have been closed, the unemployment
      Reuters; AFP  -  178 words
    • 332 4 Difficulties cast doubt on measures, pose dilemma for IMF Reuters [LONDON] Tough targets set by the IMF for more than US$lOO billion (Ssl73 billion) of Asian bailouts are in growing jeopardy following a disappointing Indonesian budget announced on Tuesday, analysts said.
      Reuters  -  332 words
    • 651 4  -  Gentral bank not rating oat intervention as NTS, stocks slide From, Bruce Cheesman in Taipei ALL eyes are on the central bank as Asia's economic chill shows the first signs of roiling the currency and stock markets of Taiwan dubbed the "Switzerland of the
      Source: Bloomberg  -  651 words
    • 306 4  -  From. Al Labita in Manila THE Philippines Central Bank yesterday denied rumours that the peso's sharp plunge against the US dollar had sparked bank runs in the country's commercial banking system. The beleaguered peso hit another record intra-day low of 46.55 to the
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    • 609 4 But fire sale of assets may be best way oat of the quandary AFX-Asia [BANGKOK] The weaker baht and a severe shortage of funds have prompted renewed fears that Thailand may be forced to declare a moratorium on its external debts, and a fire
      AFX-Asia; AFP  -  609 words
    • 386 4 Figures need to be adjusted to reflect reality, he says The Straits Times THE review Thailand is seeking of the International Monetary Fund's (IMF) US$l7.2 billion (5530.3 billion) rescue package is no more than a move to "fine tune" the
      The Straits Times  -  386 words
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  • REGION
    • 493 5  -  HONGKONG Bepreeeetatiiwef other natins briefed on steps taken to contain bird flu From, Loh Hui Yin HONGKONG will allow the import of live chickens from China to resume only when it is satisfied with the hygiene standards here and on the mainland,
      REUTERS  -  493 words
    • 321 5 HONGKONG tetjfktaogripmr its richest province AFP A MAJOR political reshuffle is about to take place in China's booming southern province of Guangdong, according to reports here yesterday. The sweeping personnel changes will be made when the 9th Guangdong People's Congress, the province's local parliament,
      AFP  -  321 words
    • 434 5 SHANGHAI AFP CHINA'S State Council, or cabinet, is planning a merger of at least five Shanghai news organisations, including the national giant Xinmin Evening News and Communist Party paper Wenhui 800, to form a holding group, sources said yesterday.
      AFP  -  434 words
    • 82 5 KUALA LUMPUR Reuters Bernama THE Malaysian government has agreed to withdraw a proposed freeze on annual salary increases for senior civil servants. Abdul Rahman Manan, deputy secretary-general of the civil servants' labour union, said the group was informed of the decision by the Public
      Reuters; Bernama  -  82 words
    • 155 5 NEW DELHI AFP INDIA'S once-dominant Congress party, gambling on the aura surrounding the Gandhi dynasty, announced yesterday that Rajiv Gandhi's widow and daughter will both campaign for the party in upcoming elections. The party said that Sonia Gandhi will launch her campaign at
      AFP  -  155 words
    • 289 5 BEIJING Reuters CHINA'S economy will pick up this year after lower than expected growth in 1997, but a growing army of jobless will be a major problem, a top government think tank said yesterday. The Chinese Academy of Social Sciences (Cass) forecast growth this year
      Reuters  -  289 words
    • 290 5 TAIPEI Taipei negotiator urges Beijing to resume talks AFP TAIWAN'S top negotiator yesterday saw signs of thawing in Taipei-Beijing ties and urged China to resume talks despite disputes between the rivals. "Over the past year, a twist has developed for the
      AFP  -  290 words
    • 139 5 HANOI Bloomberg THE World Bank said it approved a loan that will enable Vietnam to move ahead with plans to end more than two decades of default on its commercial debts and return to the international debt market. The US$35 million (5161.7 million) loan, though
      Bloomberg  -  139 words
    • 264 6 KUALA LUMPUR AFP MALAYSIAN employers planning to lay-off foreign workers have been warned to inform authorities to arrange their deportation or face charges, reports said yesterday. Deputy Home Minister Ong Ka Ting was reported as saying by the New Straits Times daily that
      AFP  -  264 words
    • 693 6  -  cm* WATCH Tariff exemptions on capital goods imports reflect shortage of govt fands By Lu Ning CHINA kicked off the new year by finally announcing its long-awaited decision to partially restore tariff exemptions to foreign investors for capital equipment imports, effective last
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    • 467 6 TOKYO Collapse of 2 private banks sends depositors looking for safety Bloomberg JAPANESE savers poured a record 3.34 trillion yen (5544.3 billion) into the state-run postal savings system in December as the collapse of two private banks sent depositors looking for
      Bloomberg  -  467 words
    • 318 6 BEIJING AFP CHINA is planning a sweeping overhaul of its traditionally fragmented pharmaceutical sector, grouping together smaller firms and picking top companies for preferential treatment, Xinhua reported yesterday. The top 50 out of about 3,300 pharmaceutical enterprises will be selected
      AFP  -  318 words
    • 376 6 BRUSSELS Tokyo not planning to export its w&y out of stamp: official Reuters JAPAN is keen to reassure European Union (EU) officials worried about its growing trade surplus that Tokyo does not plan to export its way out of a slump, a
      Reuters  -  376 words
    • 58 6 (SYDNEY) A man looks quizzically at a giant Inflatable statue by South Korean artist Choi Jeong Hwa named The Joke which stands in the centre of Sydney's busy tourist shopping centre, the Queen Victoria Building, yesterday. The 14-metre pillar with a Rubenesque goddess perched on top
      AFP  -  58 words
    • 260 6 BANGKOK Reuters THAILAND plans to ask Malaysia's help in stamping out a renewed separatist campaign by Muslim guerillas in southern Thailand along their joint border that has killed nearly 20 Thais in the past two months. Foreign Minister Surin Pitsuwanis to
      Reuters  -  260 words
  • Page 5 Advertisements
    • 45 5 1 Do You Want to Know, who in Singapore have Published by DP Information Network Pte Ltd (A Member of the DP Financial Associates Group of Companies) 3 Killiney Road #04-08 Winsland House Singapore *****9 Telephone 738 1900 Fax 738 8982 e-mail dpinfo@pacific.net.sg mm in.
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  • THE WORLD
    • 182 8 BRUSSELS Bloomberg THE European economy will notch the fastest growth in nearly a decade this year, undeterred by the Asian financial crisis, European Union Monetary Affairs Commissioner Yves-Thibault de Silguy said. Mr De Silguy said the European Commission continues to forecast 3 per
      Bloomberg  -  182 words
    • 253 8 PARIS Talks come u Iran president is being interviewed on CNN Reuters THE United States and France began new talks yesterday on a US threat to impose sanctions against the French over a US$2 billion (553.5 billion) natural gas deal with
      Reuters  -  253 words
    • 483 8 CHICAGO Pri€6 increases under control, but tight labour market risks accelerating Reuters US Federal Reserve governor Susan Phillips on Tuesday warned that the war against inflation was not over yet, as she painted a generally rosy picture of the US economy
      Reuters  -  483 words
    • 317 8 WASHINGTON ■any now turn to bankruptcy as first option: Visa USA Reuters PERSONAL bankruptcies are at record levels in the United States despite growing prosperity from seven years of economic growth, a major credit card company said on Tuesday. Visa USA said personal bankruptcy
      Reuters  -  317 words
    • Article, Illustration
      78 8 [CARACAS, Venezuela] Two fishing investigators measuring the body ofone of over 140 dolphinsfound dead on the shores of Venezuela's La Tortugaisland in the Caribbean on Monday. A navy official said the cause of the deaths was unknown, but the species was uncommon in these waters. He scud three
      REUTERS  -  78 words
    • WORLD Watch
      • 64 8 Reuters [LONDON] Prime Minister Tony Blair is confident the European single currency can get off to a successful launch during Britain's six-month presidency of the European Union, his spokesman said yesterday. He was briefing Journalists ahead of talks between Mr Blair's government and the
        Reuters  -  64 words
      • 66 8 AFP [LONDON] A Chinese dragon dancing between s 1932 Aston Martin (left) and a 1936 Bentley (right) in London's Chinatown on Tuesday at the launch of the "Around the world in 80 days motor challenge" for vintage and classic cars starting in April
        AFP  -  66 words
      • 71 8 Reuters [FRANKFURT] Germany's giant IG Metall metalworkers' union said yesterday the planned strike in the east German steel sector will start on Monday, when 4,000 workers at three steelworks will strike over pay. It will tell workers at three plants in the Brandenburg
        Reuters  -  71 words
      • 94 8 Bloomberg [BONN] German industrial production rose 0.3 per cent in November from October and climbed 4.2 per cent from a year earlier, led by rising factory output, the Economics Ministry said. The advance was close to the median forecast of analysts polled by Bloomberg
        Bloomberg  -  94 words
      • 60 8 Reuters [LONDON] A survey showed Britain's service sector grew slightly Casta- in December, confounding impressions of a Christmas slowdown as monetary authorities began monthly talks on interest rates yesterday. The Chartered Institute of Purchasing and Supply's study found new business accelerated last month—its
        Reuters  -  60 words
    • 344 8 BONN Talks with opposition atandonod; govt falls back an original plan Reuters CHANCELLOR Helmut Kohl's coalition yesterday abandoned its bid to reach a compromise on tax reforms with the opposition Social Democrats (SPD) before Germany's general election this autumn. Leaders
      Reuters  -  344 words
    • 189 8 FRANKFURT Bloomberg DEUTSCHE Telekom AG's rivals said that, in Germany's first week of full competition, hundreds of thousands of customers are using no-strings-at-tached services that let them pick a new phone company with each call. The handful of companies already offering services, such as Mannesmann
      Bloomberg  -  189 words
  • Page 8 Advertisements
    • 179 8 Announcing: a new semester at the California State University program for College students living in Singapore /'students Enrolling^ Students who have completed High School may f at thG COIIGQ6 CdCTipUS J now enroll at the OFS College in Singapore to do H6C6 NOW the first two years of a California
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  • EDITORIAL & OPINION
    • 685 9  -  THE BOTTOMLXXE OPINION By Anisha Sabhlok The author, an economist, is a freelance writer based in Singapore INVESTORS, stunned by the unexpected severity of the South-east Asian crisis, are not rushing to explore the vast opportunities in India today. A wait-and-see attitude prevails amidst
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    • 155 9 'From Viacom's standpoint, this was money well spent It's going to be a gold mine for them.' -Marvin Boftnan president of Roffman Miller Associates on the movie Titanic at USs2oomillion (SS34B million), the most expensive movie ever made which is now expected to make a profit for
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    • 716 9 EDITORIAL EVEN before the first full week of the new year is out, it's become clear that 1998 will be a rough year for the countries of South-east Asia For some it may well prove to be a lot worse than just rough. South-east Asian currencies
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    • 1176 9  -  Plight of Australia's giant miner typifies problems of a country with an economy rooted in resources By Peter Lynch The writer is a Sydney-based journalist who contributes to BT ONCE it was the bluest of blue chips, Australia's largest listed company and known to millions of
      FILE PHOTO  -  1,176 words
    • 188 9  -  MAILBOX Ms Foo Kim Leng Corporate Communications Manager Singapore Telecom WE REFER to the letter "SingTel's prospects a cause for worry" (BT, Dec 23,1997). Singapore Telecom has been reducing our IDD rates aggressively since 1994. Even without new service providers in the
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    • 620 9 "THE prevailing system of international lending is fundamentally flawed." These are not the words of left-wing or right-wing critics of the International Monetary Fund but of international financier George Soros, who understands the system at least well enough to have made billions from it. In an
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 42 9 DOOMESBPRY By Garry Trudeau AS TOUCAN See, THBRB'VB AM? THIS MYOU?B6PBern SEVERAL APP/VONS f&OMMXB FOOMtSA I W PRAVBRS TO MLP6N SINCZ XXJUVEP II BBEN USING CHAPEL* HOW RRSTANSWe&p. I HSF&. tM SURB ITS AL~ MOSTLY FOFTA!-CHI AS A CHAPEL-. FITTING. |jM"| 7j(/fC3
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  • EXECUTIVE LIFESTYLE
    • 758 10  -  BMWs trainees include VIP protection services and anti-terrorist units out to hone their anti-ambush and defensive driving skills, says dayxd boot DAVID BOEY The writer's winter visit to Europe was sponsored by the BMW Group. THEY don't use L plates at the BMW Driver Training Centre
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    • 381 10 ASIA'S once-bustling economies represented gold mines of opportunity that saw the Rover group chalk up explosive growth in vehicle sales. Although the ongoing stock market and currency turmoil has since put the brakes on the sterling sales figures Rover had projected for
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    • 670 10  -  Row's test facility sits on a former BAF airfield protected from prying eyes Reports by, David Boey THE Royal Air Force may have moved out of its nuclear bomber base at RAF Gaydon in the British Midlands nearly 20 years ago, but
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    • 797 10 NYT WHEN Melissa Jess tools around Phoenix, Arizona, in her 1962 Volkswagen Beetle, she talks to it as sweetly as she can. "Please let me drive you today," she invariably says when she starts the car. "Be nice," she says when, as often
      NYT  -  797 words

  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 758 11 TV&RAPIO Amazons. BOM Tamadun Silam (r). V E%\ li;gtfTTiTTßli—^— E.R Random Acts (See 440 Sempadan Kasih (r). SUM PM TV Innovations. Our Choice). 040 Kaadhal Pagadai (Dra--340 The Winners. IA3O News 5 Tonight. ma| g Money, Money, Money. ULOO Business Day. 740 Sirikka Sinthikka. Tech 2000. ILI4 Bay watch Nights
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    • 242 11 CRYPTIC CROSSWORD 1 Flagging whilst making prepa--9 His hostility presents a prob- lem after work (7) j I 1 I 1 1 1 I 1 I 1 10 Sign seen by a number in har ~~|l lH IK aH HB" bour (7) 18 Little-known alumni confront French priest (7) 21
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  • A LEAGUE OF THEIR OWN
    • 1995 12  -  Corporate lawyer Dr Thio Su Mien sees no contradictions in her Christian faith and her material well-being, says jaimbbb JAIME EE TEN years ago, if you wanted to spook corporate lawyer Dr Thio Su Mien, all you needed to do was mention the word of God.
      TAN  -  1,995 words
  • Page 12 Advertisements
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  • Companies & Markets
    • 713 13  -  BLOODLETTING OH THE BOURSE Brokers say the heyday for electronics shares is probably over By. Annette Pau [SINGAPORE] Electronics stocks yesterday were beaten down to new lows along with the rest of the market in another wretched day of trading for regional
      713 words
    • 575 13  -  Index at 61-month low; analysts expect more pressure ahead By\ R Sivanithy [SINGAPORE] The Straits Times Industrials Index's continued dive is only a manifestation of the serious bruising suffered by its component stocks. The market barometer now stands at its lowest since August 1992,
      575 words
    • 843 13  -  HOCK LOCK SIEW Anthony Rowley A PUBLIC relations disaster is the best way to describe the way in which Japanese Finance Minister Hiroshi Mitsuzuka chose to present his ministry's new strategy to prevent manipulation of prices on the Tokyo Stock Exchange the
      843 words
    • 345 13  -  By. Ang Wan May [SINGAPORE] Saudi Arabian billionaire Prince Al-Waleed bin Talal is once again buying into an Ong Beng Seng company this time a 3 per cent stake in Hotel Properties. The prince, who also has a stake in Mr
      345 words
    • COMPANIES
      • 187 14 [SINGAPORE] All applicants who took up TSM Resources' initial public offer will be alfoted at least 1,000 shares. ■rffi Those who applied for up to four lots will receive one lot while those who applied more shares will receive jietween two and 18 lots.
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      • 92 14 Reuters [HONGKONGI Peregrine Investments Holdings Ltd said yesterday it was in discussions with Zurich Centre Investments Ltd (ZCI) regarding a revision of the terms of a US$2OO million convertible preference share issue to ZCI. Peregrine said in a statement the revision was being discussed
        Reuters  -  92 words
      • 405 14  -  Group set to corner a third of Chinese pulp and paper market By Lu Ning [SINGAPORE] Asia Pulp and Paper (APP), one of the largest integrated paper companies in Asia outside Japan, has received the official green light for its plan to build
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      • 275 14  -  SES Properties Index down 26 points; Parkway Hldgs is worst hit, diving 21% By Abdul Hadhi [SINGAPORE] Property stocks bled yesterday amid regional currency woes and interest rate and general economic concerns. The SES Properties Index slipped 26 points to 332.7. In all,
        Source: Bloomberg  -  275 words
      • 238 14  -  UTTER TO EDITOR Leong Wai Leng Executive Vice-President, Corporate Development, Nat Steel Ltd I REFER to Tuesday's Hock Lock Siew column headlined "Nat Steel's fortunes are tied to Korean giant Posco's plans". The article concluded that if Posco decides to dump its
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      • 404 14 Reuters [KUALA LUMPUR] Malaysian national carmaker Perusahaan Otomobil Nasional Bhd (Proton) said yesterday it expected a 30 per cent fall in sales and, consequently, lower earnings this year due to the economic crisis. Proton reported turnover of 6.2 billion Malaysian ringgit (552.38
        Reuters; REUTERS  -  404 words
      • 500 14 Analysts say its 1997 earnings could slump by US$l OOm due to forex losses Bloomberg [HONGKONG] Shares in First Pacific Co, which is the worstperforming stock in Hongkong's slumping Hang Seng Index, plunged to a four-year low as investors fretted its exposure
        Bloomberg  -  500 words
      • COMPANY Briefs
        • 64 14 [SINGAPORE] Hotel Properties Ltd has appointed Christopher Lim Tien Lock group executive director with immediate effect He will relinquish his position as en alternate director to Ong Beng Seng, who is HPL managing director. Robert Foo Siang Mong has been named chairman of wholly-owned
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        • 41 14 {SINGAPORE] Paul Tong Yuk Lun has resigned as a director of the Pacific Century Regional Developments with effect from Jan 1. Dr Tong resigned as chief executive of the firm on Aug 29 last year.
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        • 49 14 Reuters [KUALA LUMPUR] Malaysian construction and piopgty firm LJM Corp Bhd has been awarded a ISO million Malaysian ringgit (5155.6 million) contract to build a 13km expressway in the Indian state of Maharashtra. The company has formed a Joint-venture with India's Satyam Constructions Ltd.—Reuters
          Reuters  -  49 words
        • 71 14 Bernama [KUALA LUMPUR] Ayer Hitam Tin Dredging Malaysia Bhd, which earlier propoeed to make a one-for-one rights issue of 61.6 million shares at 2.70 Malaysian ringgit a share and an employees' share option scheme (ES08), has aborted both proposals given the current market condition. But
          Bernama  -  71 words
        • 47 14 Bloomberg [BRUSSELS] Belgacom, the Belgian national phone company in which Singapore Telecom has a stake, said its Proximus unit has 700,000 mobile-phone customers, up from 401,000 at the end 0f1996. The company said it added 66,000 customers in December alone. —Bloomberg
          Bloomberg  -  47 words
      • 60 14 Corrections Clarifications IN our Jan 1 story, "Stock market value down $39 billion despite 35 new listings", it was reported that Genting was Clob International's worst performer in 1997 with a 95.21 per cent loss. This is not correct as Genting has pointed out that an adjustment should have been
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    • INTERNATIONAL COMPANIES
      • 482 15 Qnick return U profitability tie to higlior CtBtUlM CtSt culling Reuters [SAN FRANCISCO] Stock in Apple Computer Inc jumped 90 per cent on Tuesday after the computer maker said it expects to report a profit for its most recent quarter, a quicker
        Reuters; REUTERS; Source: Bloomberg  -  482 words
      • 395 15 Dedming trading reverae, rising credit CMtsc&ue concern Bloomberg [NEW YORK] Citicorp, Chase Manhattan, Bank America and Bankßoston shares fell on Tuesday on concern that dedining trading revenue and rising credit costs could reduce earnings next year. Merrill Lynch analyst
        Bloomberg  -  395 words
      • 229 15 Bloomberg [LONDON! Israel cleared Cable Wireless to lift its stake in state-controlled telecommunications provider Bezeq Ltd to as much as 20 per cent, C&W and Prime Minister Benjamin Netanyahu's office said. For C&W, the move will advance a
        Bloomberg  -  229 words
      • 250 15 Reuters [WASHINGTON] Microsoft Corp said that Harvard law professor Lawrence Lessig has rejected its request that he "disqualify himself* as a special adviser to the judge in the Justice Department's case against the computer giant US District Court Judge Thomas Penfteld Jackson appointed
        Reuters  -  250 words
      • 315 15 It w3l etaewtrate tn corporate computer, Reuters (PHILADELPHIA] Unisys Corp said Tuesday it would stop making personal comput era, take a US$l.l billion (Ssl.9 billion) charge against fourthquarter earnings and concentrate on its lucrative corporate computer and services businesses.
        Reuters  -  315 words
      • 398 15 Bloomberg [NEW YORK] Investing in the "dogs of the Dow**, a strategy billed as a simple way to beat the market, lived up to its name last year It was a dog. The Dow dogs the 10 highest-yielding stocks in the Dow Jones
        Bloomberg  -  398 words
    • FINANCE & COMMODITIES
      • 462 16 US marketing Mitz aims to sell options aa insurance against fall (s stock prices Bloomberg [NEW YORK] Leaders of the majot options exchanges are prompting themselves as insurance against a possible decline in stocks this year. just seen six years of gains in
        Bloomberg  -  462 words
      • 317 16 Hartford Rn&ndAl Services Group buys 49% fUke in PIC «j. [SINGAPORE] People's Insurance Company (PIC), strengthened by the entry of a strong partner from the United States, plans to introduce new products and services in the ftiture.': The plans include the long-term possibility of
        317 words
      • 55 16 [DUSAI] A shopper looking at the selection of gold chains on Tuesday at a shop here, where a surge of regional demand boosted imports ofthe precious metal to an all-time high. Dubai remained the world's top gold trading centre in 1997 as gold purchases jumped
        AFP  -  55 words
      • 269 16 Reuters [NEW YORK] A new-year bond rally has prompted IBM and other US giants to take advantage of record-low interest rates by offering more than US$5 billion (SsB.7 billion) in new, investment-grade debt in the first few days of 1998. On
        Reuters  -  269 words
      • 365 16 Prfetwarontegtin market share; best dealt on the Net NYT [NEW: YORK] Wall Street is not W&Mart, but some stock brokerages are offering certain consumers big discounts on commissions. It*« nothing less than a price-war, and if you trade electronically by phone, by computer or on
        NYT  -  365 words
      • 258 16 AFP [SHANGHAI] The People's Bank of China (PB0C) has set the goal of integrating Chinese financial institutions with international banking practices by early next century, a newspaper reported yesterday. The Shanghai Securities News daily reported that the PBOC urged local financial institutions to strive
        AFP  -  258 words
      • 219 16 SSMEXReport Reuters [SINGAPORE] Simex Euroyen futures rose yesterday as the Bank of Japan (BOJ) left an ample surplus In domestic money markets, but Japanese government bond futures (JGBs) were reined in by supply concerns. •Technically, the Euroyen looks like a sell. But the BOJ operations
        Reuters  -  219 words
      • 147 16  -  MBCI TAIWAN FUTUKBS By Perry Gilbert, Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures saw a farther fall in the January contract yesterday as investors remained perplexed with Asian currency problems. The US market's overnight Gall also
        147 words
      • 254 16 ENERGY REPORT Reuters [LONDON] PragUe world oU prices staggered to fresh 30month lows yesterday as Iraq moved to restart oU exports and Kuwait raised output to its new Opec quota. Traders, swamped by a growing number of bearish factors, struggled to identify
        Reuters  -  254 words
      • 260 16 AFP Reuters THE US dollar steadied above session lows against the marie and yen at midday Europe as the market trimmed its overnight highs amid heightened speculation of concerted intervention to support the yen. The market was taking a cautious approach to yesterday's meetings in Washington between Japanese
        AFP; Reuters  -  260 words
      • Article, Illustration
        239 16 IMTBEBAMKCROSSRATB8 liTM Jan 7 i i aar n J Mft n H Ml IB B Own** Mir 6 V2 4 HI BS Ofir Tim irm ;fyii laMbB 517/32 sa*» 1 imtm f«K SVfH 3Mrtta SM/32 5 23/»* 6m*»: --svi )M* S2W2 3 25/32 itMam IM styii lit BL-JSe! iwptt 11/11
        239 words
    • 1406 17 WOOM FUTURES jan? KS1 CONTRACTU cwfcA,) CtOM VMHM OfM Hj» itm Srtt (to—s) teterttt nl00 W- 75 «2-50 150 575 f** MM ItlOO 54.00 400 550 W25 3750 H«.50 3750 •*3* 120.50 3750 ***** 1725 OtVOK* ***** 5400 Jitflar 99 129.75 ISS 3 CONTRACT (US cwrtsAq) Trfiim I
      1,406 words
    • 1885 17 LONDON t ty"'* V: j—i 34 Group 533 *15 AB Ports 304 I Akkay National n08 -(7 Allied Domecq S40 10 Aime W7 -1 AsdaGroup 185.600 *6 •ATM 585.400 *7.400 •CPU 29X400 -1.600 BKC 169 inch BOC Group 979.400 -35.600 BR Petroleum 782 2-600 BTR 184.400 -5
      1,885 words
    • 1348 17 Bloomberg H«kkaas ****** JAPANESE stocks gained for the first time this year, as the yen traded at a flve-and-a-halfyear low against the dollar. The dollar recently bought 133.29 yen, its highest since May 11, 1992, on concern Japan's economy would not improve anytime soon. Earlier yesterday, the dollar bought
      Bloomberg  -  1,348 words
    • Article, Illustration
      1395 18 AFP □HMgSwg -SMJt SHARE prices plunged 5.9 per cent yesterday, with the key index foiling below its psychological barrier of 10,000 points amid the collapse of regional currencies, dealers said. "The market fell on continuing weaknesses of currencies around Asia in general and also further falls on those stock
      AFP  -  1,395 words
    • Article, Illustration
      614 18 Reuters [IShaAaßhiii -480 SHENZHEN'S B Share Index closed sharply lower yesterday, with sentiment severely bruised by crushing losses in Hongkong stocks. The index tumbled 4.80 points, or 5 per cent, to 91.67 on turnover of HK)2B million. "Heavy losses in Hongkong-listed shares sent B shares tumbling," said an analyst.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  614 words
    • 370 18 AFP □wpbtei -13CJ2 STOCKS fell yesterday as investors moved their funds into US dollars amid fears the local currency could weaken further in step with ailing regional currencies. "Investors rushed to buy US dollars, sucking funds from the bourse to the forex market," said a dealer. The TSE Weighted
      AFP  -  370 words
    • 240 18 Reuters Q Wellington -IIM NEW ZEALAND'S share market closed softer yesterday, weighed on by leading stock Telecom which shed 12 cents to NZ$B.lB. The NZSE-40 Capital Index ended a reasonably quiet session 11.24 points lower at 2,329.31, with the leader board mixed. Reuters j»t it rw» ANZBtnktnf H40 unch
      Reuters  -  240 words
    • Article, Illustration
      794 18 AFP HSEThto *M 4 STOCKS closed up 0.01 per cent yesterday in thin trade as investors digested news that Bangkok would request a review of its IMF package. The SET Index rose 0.04 point to end at 370.31. Turnover was 179.4 million shares worth two billion baht "The market's
      AFP  -  794 words
    • 386 18 AFP QOupoaite Index +3JB SHARES rose marginally yesterday on improving foreign interest but profit-taking capped the gains. Dealers said institutions took profit on financial issues and large-caps, which have registered solid gains on the back of growing foreign investor interest. The Composite Index rose 3.06 points at 409.42. Turnover
      AFP  -  386 words
    • 564 18 AFP OinOrttoriM -38.4 SHARES fell yesterday as the local dollar sank further against the US currency and raised anxiety among domestic Investors, brokers said. "Stocks with exposure overseas, earning other currencies, were strong. Stocks with Australian exposure were weak," said a trader. The All Ordinaries Index fell 38.4 points
      AFP  -  564 words
    • Article, Illustration
      652 18 AFP -BJ3 SHARE prices fell yesterday, but ended off their lows on the back of investors trying to cover their short positions. "Most people were expecting the market to react negatively to the budget, but it didn't happen this morning because some foreign houses were staying on the buy
      AFP  -  652 words
    • 307 18 AFP Qlub -T3M SHARE prices closed 4 per cent lower yesterday amid the relentless turbulence in Asian currency markets. "Basically, the local equities market is being dragged down by the uncertainties in the region," said a trader. The PSE Composite Index shed 73.26 points to close at 1,747.34. Turnover
      AFP  -  307 words
    • KUALA LUMPUR STOCK MARKET
      • 6880 19 wwiimi CitnMf pnAicit t99« lm« vol Day Cap Htqk Lm Company *000 Hlqll Law P/t 210 200 Aflnomoto 200 -5 6 205 200 *1 811 90 5 73 AnqkMl 74.5 2 43 75.5 7X5 t7 109.9 160 155 Apo86Foo<J Hlq 155 -5 12 155 <55 4.5 62.0 225 190 8er|ayaLand
        6,880 words
      • 387 19 AFX-Asia n Composite Indei -4.74 SHARE prices closed off sharp lows yesterday after Bank Negara's intervention in the foreign exchange market to support the Malaysian ringgit. Dealers said said foreigners were seen aggressively buying blue chips following the ringgit's slight recovery. The KLSE Composite Index
        AFX-Asia  -  387 words
    • WARRANTS & OPTIONS
      • 3419 20 MM* UMUK ft WARRANTS 1997/98 Last Vai Day Last Oaata A*« Mjk Lm Stna Company Sata *ar- COOO) H*fi Im Buy* Mar Prtca M W~~m ~n, AM08 cS3%b***** -_10 U 81 as 3160 *Aeor ******1 USS 9 -3 5 9 9 10 tt 131 10.5 3164 Acma ******4 10.5 12
        3,419 words
      • 185 20  -  WARRANT WATCH -Byl R Sivanithy SOMEONE yesterday said that more than 270 Singapore stocks have sunk to new year-lows. This Is hard to verify but may well be accurate. And one of the victims must be the G K Goh
        185 words
    • 2044 20 Transaction Date Jan 7 Or «r M7/N Lart V«i Day UrtOHh 0»» Mr VM Nat MCap Mk0k U» Mm CI MB SaM *h COOOI H8» U» Bnpar BaBar CW W 478 30 at 5000 ASSSOc 315 id -5 492 315 30 32 3X5 5.0 U II 1*4 3U
      2,044 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1515 21 TUtttOVtR ('OOO) VAUHrOOO)* <m rmt mm on urn gjS- 28S Z$ 2# nlSS srS" 70*232 TUM asr *s »LW I2n T,f74 WkIM WW ut U10 JSSL J3U76 7V372 202.64T *a«4» 3V.*n JT7.S73 SESOAO 7,704 UN F stock*. Vaim emiaMfd *sfry ud**ga rmtm. MAW OM _T#TAIl m m mm a m4ustn«
        1,515 words
      • 4961 21 Transaction Date Jan 7 Or Or H W» IH7/N LPP« V««_ OP* Last Ouvft Mv D* YJJ JM Cap A»» n» t— Mm cimpiay m foooi u» fciyr mn> cw m >—* MOUSTMALS 157 23.5 1020 ACCOynamfcsSOc 215 -2 1T4 24.5 21.5 23 23.5 *1 2* 5146 ASENTSW200
        4,961 words
      • 1121 21 Or Or mm 1S97/88 Last Vd Day Last Om(i Mv Mi TM IM C*s Ay* Hffc Law 9tW* Cimpawy 9aM COOP) Ht» L— Bwyw Mhf Co M Prtca IM 7* 2000 AMHM9I9C MM IT W Nt 101 105 3.0 *.0 0.1 1914 A7.I «U 44« 103 2049 «SM«10c 107
        1,121 words
      • 202 22 Hirti Www ST EnqglOc 12.047,000 MS Land 7,55«,000 *mWC#BM 6,536,000 *MBf Capital 6,194,000 Partway H 50c 5,778,000 MKLanJUSIOc 4,939,000 StmjTel 15c 4.842,000 •Magnum Corp50c 4,381.000 Asia Food&Prop 3.888.000 IPCCorpn5c 3.689,000 IMi SIA Foreign 34.083,844 1)08 Foreign 19.762.716 0CBC Foreign 18.267.351 SPH Foreign 18.059,304 JMMUS25C400 17,085.920 B8S L«4 15.725.440 0U8 Foreign
        202 words
      • Article, Illustration
        59 22  -  by Saiv Taneja METROPLEX closed unchanged yesterday at 35.5 cents on a volume of 3.49 million shares, compared with its lOday average qf 609,800 units. In the near term there is more downside, though the counter is already near its 2'/t-year low. Longer term, however, the outlook is
        59 words
      • 704 22  -  STOCK MARKET COMMENTARY STH's 5% fall lends support to theory that S'pore is playing 'catch-up' with the rest of the region because prices here did not fall as badly as others last year By R Sivanithy [SINGAPORE] The regional currency crisis worsened
        704 words
      • ON THE GRAPEVINE
        • 115 22 WE RECEIVED a newsletter from Jim Slater of the Haw Par infamy on his 1996 investment reading programme. In there, he wrote: "I strongly recommend these 16 books to stock market investors. They are set out in suggested order of reading. I have no doubt that if
          115 words
        • 83 22 TWO in every three Indonesians travelling around the region headed for Singapore in the first half of 1997. According to a Singapore Tourism Board study, 65 per cent of the 900,500 Indonesians who visited the Asia Pacific region came to Singapore, making the island the largest
          83 words
        • 58 22 ON TUESDAY, analysts were saying the support level of the Straits Time Industrials Index was 1,400. After STII fell through 1,400 yesterday, some adjusted their call and said support level could now be 1.250. On hearing this, a BT lady reporter quipped: "Luckily support levels are
          58 words
        • 128 22 ALTHOUGH American Express Bank's interest rate of 6.5 per cent for a Sings one-month time deposit (minimum amount $250,000) is higher than the interest rate for US dollar deposits of between 4 and 4.25 per cent, it is not enough to convince some people to remain in
          128 words
        • 104 22 AMERICAN EXPRESS is supposed to have this wonderful database on expenditure pattern of its millions of members and has been raking in big bucks on selling the information to direct mailing companies and retailers. But a letter received by a male Amex member has created doubt on the
          104 words
        • 153 22 REMEMBER in March last year researchers here said it was safe to use handphones? Two of them, from the Nanyang Technological University's School of Electrical and Electronic Engineering, conducted a study and concluded that whatever electromagnetic waves emanating from handphones were unlikely to fry the users'
          153 words
  • Page 13 Advertisements
    • 65 13 Property stocks crash on regional woes, Pg 14 UK PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval K
      65 words

  • Page 14 Advertisements
    • 312 14 Workshop on Singapore Personal Taxation Year of Assessment 1998 An employer's remuneration package includes various benefits in kind besides salary and bonus. Increasingly, many companies have realised that they have not interpreted the tax implications of various benefits in kind correctly. Many companies also employ foreigners to work in Singapore
      312 words
    • 167 14 FACT-IBM Seminar Phhmb Coping with the Currency Crisis using I Real-Time Accounting FACT Software International Re Ltd and IBM Singapore Re Ltd are pleased to invite I you to a special seminar on January 13,1998. This seminar has been organised to help I the Small and Medium Enterprises (SMEs) cope
      167 words
    • 20 14 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service
      20 words

  • Page 15 Advertisements
    • 53 15 Ranked #1 franchise lor submarine sandwiches* Low start-up costs Over 13,000 restaurants in 62 countries 17B> 1997, Spa AaMrieM Club IMfeig Rooai I SksstPvldngOnly Watk-ine Welcome To igleisr or for frse I Cai 733-5840 Fax:733-6442 www^utywayxom 325 Be Dr. Mfod, CT ***** USA Singapore Agent 7A Robin Road, Singapore *****6
      53 words
    • 569 15 The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of Ms announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of
      569 words



  • Page 18 Advertisements
    • 108 18 II Hello. I m calling about ;-> r Gosh, you re y I found my pet through your advertisement in V f great...just like 0 J.. Tr. I tl o t- a j V I a j II The Straits Times Classified. I I The Straits Times Classified... I- A
      108 words

  • Page 19 Advertisements
    • 35 19 ;^B i jT7I jliNB»H 111•T| J *[^l*[ *i Jj jT»] ?Mj 11 i hMii 1118 11 L*y JI i 11 hi 11 ML't^^K H 4 rTTXij I"™T Rmst*«*««'*-«-» i nil i ii niT -^MMMnMnsnBMMVi(MMMR' ,^INi4IBIIMSRH9WMHBBBHHHHHMfIBHHHBHBHHHBHHBH«^
      35 words


  • Page 21 Advertisements
    • 66 21 caVlmg'abTut /See...l toldN f cardwe're\ the computer I you this was a 1 making for Susan J I advertised in I S 00 1 deal/ Yup, we got what V is going to be J V The Straits TimesJ f I we wanted because real nice! j 0k 1 Buying
      66 words

  • Page 22 Advertisements
    • 1654 22 BUSINESS Notices To advertise call toll-free 1800-*****83 ©INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at the IFS Board Room at 7 Temasek Boulevard, *10-01 Suntec Tower One,
      1,654 words
    • 353 22 f THE COMPANIES ACT CHAPTER 90 SECTION 290(2Kb) NOTICE OF WE9QIUTION FX PACIFIC TRAOINO PTE LTD (IN MEMBERS' VOLUNTARY LJOtMOATtOH) At an Extraordinary General Meeting of FX Pacific Trading Pie Ud held at 2-17-22, Akasaka. Minalo-ku, Tokyo, 107. Japan, on the 30th day of December 1997, the following special resolutions
      353 words

  • Shipping Times
    • 240 23 Reuters MOL in China freight HBAft [FRANKFURT] Japan shinties firm Mitsui OSK Lines (MOL) has set up a Chinese freight forwarding joint venture, German transport newspaper Deutsche Verkehrs Zeitung reported in its latest issue. V The new firm, Shanghai Longfei International Logistics Co Ltd, will operate in the
      Reuters  -  240 words
    • 212 23 i ih .ill n in JmJ w CWT OMrtbuNM .***** -QM 33 2SS S OJO undt «M GSMMnqi 0-275 MU»N« O.M -an 21# MrM ZoMn 0.57 «ao> m MCWMnv—miM ■Hy 0J4S -002S M JITWM SMn«rd 7J5 0.39 VU Map* Cor* 3.92 -0.44 1900 02 -0.14 427 KaopalltariM 110
      212 words
    • 552 23  -  Figures to be released soon; growth for first 10 months of last year was 9.2% By Felix Chan [SINGAPORE] If its performance over the last 10 months of 1997 is anything to gdUy, PSA Corp, which should be releasing its
      CHRIS LOH  -  552 words
    • 155 23 [SINGAPORE] Senior executive?of German terminal ojiehu&r BLG, Hapag Lloyd Shipping Lines and brewer Beck and Co have reason for cheer despite the cold winds of a chilly European winter. BLG's container division at Bremerhaven celebrated creaking the million containers per year mark with a container
      155 words
    • 203 23 L Louds List [LOS ANGELES] US federal agents are reportedly investigating allegations that former Port of Miami director Carmen Lunetta conspired to channel port money to favoured associates and port vendors. It is understood the US Attorney's office and the Federal Bureau of Investigation
      L Louds List  -  203 words
    • 272 23 Princess Cruises expanding to meet strong demand Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co's Princess Cruises division ordered two cruise ships for US$B5O million (Ssl.s billion), adding to the three already under construction to help it meet growing demand. The two 109,000-ton
      Bloomberg  -  272 words
    • 183 23 Bloomberg [LONDON] Peninsular and Oriental Steam Navigation Co said its P&O Australia Ports Pty Ltd unit agreed to sell its 36.5 per cent stake in Terminates Rio de la Plata SA (TRP) for US$3B.B million (5567.3 million). P&O, one of the world's largest container
      Bloomberg  -  183 words
    • 665 23  -  NEWBUILDS By. David Hughes DESPITE the holiday season there are quite a few new contracts to report. The sample in this week's list includes a wide range of vessels and shipbuilders from several Asian countries and Germany. Unsurprisingly, perhaps, there
      665 words
    • 1012 24 FRENCH ECONOMY Asian crisis and new 35-hour work-week cast shadow over France's ability to create jobs New York Times THE announcement by the Japanese car manufacturer Toyota early last month that it would build an assembly plant employing 2,000 workers in the rustbelt town of Valennorthern France
      New York Times  -  1,012 words
    • 232 24 PACE ECl 5 ACL 9 EES 8 ANl 3 EMMO0M" 6 Accord 8 Eurohans 6 Appenship 5 Ewgrew 6 Astro 3 FoongSun 8 Austral 9 Gbnk 4 BSA 7 Gemartrans 8 Batamindo 7 Genshpg 9 Bayswater 7 Hai Sun Hup 8 B'tang Mas
      232 words
    • 26515 32 THEBUSINESSTIMES THE^USINESSTIMES EXPORT ETA CTA Advaftisar Vassal Yoyaga Taiapiwna ETA ETA Advartisar Vassal Voyaga Talapbona SIN Dast"n Kama Nam* Number Number SIN Oast'n Nam# Nam* Number Number 09/01 N/01 COSCO EMPRESS PHOENIX 0047W 45-*****00 A n/01 01/02 CMA MCDGCNOVA 210W 45-*****22 u 12/01. 21/01 Hyundai MM HY COMMODORE 310W
      26,515 words
    • SHIPS IN PORT
      • 855 37 Veswl VoyMo Btrth Arrtvd Ottxrturt JniM *Ma»»ctorr JOT 0901/1700 •j""' torn JO ato*** 0101/2300 Lwun 0«m JOI (*01/0*00 tea Clump* UCS9 J22 HWil 6 OVH JU aton*** 010V0200 33 J04 010VI100 50 J 23 MOVOTOO mm o»9t J09 MapM I2 0V0700 0*/* JO* Iff** 07.01/2300 004* JIT KoufSHX
        855 words
      • 1712 37 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Mama Rstls SWp Voy Mo Etb/Btr Ported From To From *01 LDy 0*1 09/2359 M 07/1500 07/1659 07/H00 07/1*0 07/1659 07/1*0 a 07/1700 06/0651 OC/ONO 2* 07/1700 01/0659 01/0*0 1 00/0700 01/1159 01/1400 4 01/1200 00/1459 01/1700 *a»OM 002* 10/1500
        1,712 words
      • 215 37 Jan IS Japan. Adults Day. Jan 19 United States: Martin Luther King Jnr Day Washington's Birthday holiday. Jan 28 Australia: Australia Day Holiday. Jan 27 China: Chinese New Year Eve. Hong Kong: Lunar New Year Eve. South Korea: Lunar New Year Eve. Taiwan: Chinese New Year Eve. Jan
        215 words
      • 883 37 THIS report, compiled by Cockett Marine OH Ltd. shows price ranges in US dollars Instead of single prices 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 change and the Individual
        883 words
      • 476 37 Carta* ISO Mu 989 8 0.4 6.4 O.M 55 0.05 1 P*"»lty Watf Ntiditt Art Aluminium Satlawnt No a6ow E25 0 0 2 t 0 0 %H/M 300 Aw 963.7 OJ 123 O.M 30 0.02 tin* 300 M« 990.6 0.7 17.4 0.13 67 0.06 WW! %W
        476 words
    • AIR&LAND TRANSPORT NEWS
      • 218 38 AFP [TOKYO] Toyota Motor Corp hopes to sell a record 5.06 million vehicles on the world market in 1998, up 220,000 from last year, company officials said yesterday. The top Japanese carmaker is aiming to sell a total of 2.92 million vehicles
        AFP  -  218 words
      • 69 38 [KUALA LUMPUR] A passerby peeping into a car yard in Kuala Lumpur, where Malaysian finance companies keep cars repossessed from buyers who have defaulted payment on their loans. The regional economic problems have increased the number of car repossessions in Malaysia, according to finance company
        REUTER  -  69 words
      • 428 38 Move to aid sluggish sales in highly competitive market FT [NEW DELHI] Daewoo of South Korea has announced that it is reducing the price of its vehicles in India by nearly 20 per cent in an attempt to pep up sluggish sales
        FT  -  428 words
      • 570 38  -  Airbus claims of market; bat Boeing says, comparing only firm orders, it has 55% By] Felix Chan [SINGAPORE] It's a measure of how competitive the commercial aviation business has become when the two global giants of the skies spent much
        FILE PHOTOS  -  570 words
      • 145 38 Reuters [CHICAGO] United Airlines said its passenger load factor in December rose to 69.3 per cent from 69 per cent in the same month a year ago. Traffic in December increased 3.5 per cent over last year to 9.82 billion revenue passenger
        Reuters  -  145 words
      • 418 38 They argne that none of the USs3oom will go to attendants Bloomberg [MIAMI] Some airline attendants who claim they were made sick by passengers' smoke are challenging a US$3OO million (Sss2o million) settlement of a nationwide class-action lawsuit, saying none of the money will
        Bloomberg  -  418 words
      • 207 38 Reuters [KANSAS CITY] Harley-Da-vidson Inc, the only major USbased motorcycle maker, said on Tuesday that it expected to build at least 145,000 motorcycles this year, including output from a new factory, up from 131,000 in 1997. On Tuesday, the first motorcycles
        Reuters  -  207 words
      • 1674 38 OTT FU6HT tTA PU6MT CTD AkuMuW CV794 2005 ftrthrt $0325 1535 Of05 2220 MM, orn 1930 0F82 2050 ***** 2355 Oft IMP mm 2359 Antt«r4aa K1843 0550 U838 2335 1730 0115 0125 0700 0126 2355 GMmrtwWC S0803 1910 C2352 0835 $025 0700 $026 2355 CZ353 2035
        1,674 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 754 24 I SINGAPORE CALIFORNIA EXPRESS (DtRECTFROM WEST COAST) lOULF KARACHI EXPRESS (GKX) rasa voy OM van sa U sm vissa voy ju om mm m| cm pic |sm NEPTUNE AIiXANORITf 35W549 14/11 22/12 00/01 MM KOI 21E 20/12 20/12 19/12 02/01 00/01 12/01 13/01 1,01 »/ll 21/12 11/11 DUOAIIAY 221 12/11
      754 words
    • 653 24 UnesA services represented w k (!E§9!) MembefS o* the Registry o( /Hft &ngapore Fodders \j»P!>y Accredited Shipping Agents Association Singapore Shipping Association Full Cover Insurance Services To Moscow CIS *«W* '^Mongolia r «r»v 1 nW, I I" r tm\ Call Gareth Evans SOVO EXPRESS PTE LTD Tel: 272 7188 Fax:
      653 words

  • Page 25 Advertisements
    • 1066 25 '■QPwtyywyl PAOFK SOUTH WIST EXPRESS (DMECT) ALSO ACCEPTING MAMAUS VIA lAX/HOU vcsa vor I m lawn* Iswetp |u»|pm I wew oo I kyc ah I hou I nop I *10MA 0231 122/12 I 24/12 I 25/12 I 09/01 113/01 I 14/01 14/01 IS/01 I IS/01 I 14/01 I 14/Bl I
      1,066 words
    • 1550 25 ©HANJIN SHIPPING "W CANADA* I'— I J" In» I*■ liw 10. |»|m I >os Imi |«|nt In I„c m m I m In. I m *z His- jg- iz iz iz »z iz sz "g m w w/ VST J!gLJ!/LM. Jj/g_ »/w Jj/w 11/07 n/w n/w u/w M/w u/^u/w~"12*2" jijiowhowmii
      1,550 words
    • 105 25 l ORIENT EXPRESS LINES (U.K.) LIMITED I 3.15*1, (MANAGER FOR SHREYAS SHIPPING LIMITED) SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSa VOY SlHCAfOtt BOMBAY VlSSfl. Wl BOMBAY SM6APOM KEDAH 010 09/01 18/01 KEDAH QQ9 26/12 09/01 ACHIEVER 003 12/01 21/01 ACHIEVER 004 31/12 12/01 ALBERT BRIDGE 010 16/01 25/01 ALBERT BRIDGE 009 04/01 16/01
      105 words

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  • Page 27 Advertisements
    • 1020 27 isanu, ck-ir rir la.|" I" WAN VAMOAT PJL-1266 28/12 08/01 WAN TfYFOURI PJL-1887 08/01 18/01 WAX TAKHTI EJi-1«88 18/01 24/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS. BIK AGENT 9i SWGAPORE I AGENT
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    • 494 27 I EASTERN CAR UNER, I ftj ta <sihoapo«b mup I smmm i koko 22 rows tQ (SWCAPOtt? PTE UP LOADING FOR JEBEL ALJ (DUBAI)/PORT KLANO JAKARTA MV "SEKI KOCHI" V.I 24 MV "SAN JIANG KOU" V.21 ETA SIN 03/01 /98 ETA PKL 05/01 /98 ETA SIN 04/01 /98 ETA JEBEL
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    • 1004 28 rnn DOM MM m w a uiv iw w m urn nn n tor I. RIPUTt RW-Olt IIMI tMI Ml iIHI IMt tMI MN I. OLEIAM. RE-MO 1«/1t 11/11 1«flt 17/11 IMt Itfl IMI LMCnWHM 17M KM 11M I7M IMt IMI 11M I. BUMTRMM M/ 11 Wit 18/11 IMI ioccmtrvmm
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  • Page 29 Advertisements
    • 548 29 BSA -L M MYANMA PIVE STAR UNE r (Myanmor National Lino) Loading for Yangon (Rangoon) VISMI VOY MM P«6 MM WU HPA-AN MOW $U) HAKHA 012 NPT MALAYSIA AGENTS: OOUSTUO SHIPPING AGHMES KUL m 02-03-*****00 PKL Ttt 02-03-*****01 PIN: TU 02-04-*****02 PGD: Ttt 02-07-*****21/4 BANK LINE (A Mrvko of Amirtw
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    • 597 29 ocywogopr spooofesd (X/*ocom®n g/gfmgMss* Q@§(o](£ TO NORTH AND LATIN AMERia |VlsSa [VOY RAMP HEIGHT SIN LAX Otl MIA SAV ML Oftf NYC WW MOB tbob mr~ 4001 m "ariwworu/oi 21/oi wor Wors76riW"WsTWsr" TOM FOO3 400 Tmh 6.3 M 29/01 25/02 05/03 01/03 10/03 12/03 13/03 14/03 19/03 21/03 |tA»ONGA 1
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  • Page 30 Advertisements
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  • Page 31 Advertisements
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  • Page 34 Advertisements
    • 48 34 To retrieve more schedules, just follow these simple steps... ste Pjf^ The document 740-6000^^^^^. tep be faxed QkSelect the port Step key in the four number XM #> Jp digit code I Key in your Example: i—l—, fax number To NEW YORK (NYC) 2275 for calls within Singapore nf
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  • Page 37 Miscellaneous
    • 116 37 mto LEGEND: R Thunderstorm Temperature »q X\ V Shower Weother —X Wind direction with speed m knots Rom CJ Cloudy Sky Wove height Surface winds are indicated by arrows which fty with the wind Qi) One fun circle represents calm or kght and variable wmds W One half Hache represents
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