The Business Times, 15 January 1998

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MTTA(P) 11(V 12/97 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, JANUARY 15,1998 85t
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  • 833 1  -  SsL2b «r 3% of these leans 'classified', bat may rise JUS crisis unfolds Byl Conrad Raj [SlNGAPOßE] The country's six hanking groups have a total loan exposure of Ss4l billion to Malaysia, Indonesia, Thailand, the Philippines and Korea or 18 per
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  • 380 1  -  STII surges 7-5% on highest volume this year By] R Sivanithy [SINGAPORE] The Singapore stock market yesterday rose more than 7 per cent for the second consecutive session, but was marred by a late selldown of property stocks. Underpinning the rise was
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  • 883 1  -  Fund's moves to dose banks brought down industries, he says By i Catherine Ong [SINGAPORE] Prominent Harvard economist Jeffrey Sachs yesterday slammed the International Monetary Fund (IMF) for deepening the crisis in the banking systems of Asia's battered economies and predicted that a
    883 words
  • 444 1  -  Rumours fly as connter fails to rally when HE property stocks rise FromQ Quak Hiang Whai in Hongkong and Lilian Ang in Singapore SINO LAND chairman Robert Ng has dismissed market rumours that the Hongkonglisted property group is in financial difficulty
    FILE PHOTO  -  444 words
  • Page 1 Advertisements
    • 129 1 i Sing Tech's inveetment in Micropoiis taiiec oecautt it did not anticipate overcapacity in the high- Jl-V. '6M disk drive nuirtiet, said Dr Richard Hu, P*2 In the wake of Peregrine Investments' failure, company, Theme International, faces a bleak ftrtnre after its credit lineament, F|l» r H Mr li li
      129 words
    • 9 1 IMF admits policy may have hurt Indonesia, Pg 5
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    • 4 1 Market reports, Pgs 24-27
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    • 104 1 ""(Pr** |—<n»*«'*r ctnrkc rise, then fall, Pg 17 Today ia Parliament, Pg2 r )K The Mauboussin 'Grand Prix' watch. IBK white gold with diamonds, mother of pearl and onyx. c M> > IVI/XUBOUSSI INI si ncc 1827 EXCLUSIVELY AVAILABLE AT: ROY EASTERN WATCH #01-86/88 #01-74 Lucky Plaza 504 Orchard Road
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  • SINGAPORE AT HOME & ABROAD
    • 567 2  -  YESTERDAY H PARLIAMENT Sing Tech funded the investment from its own internal funds, external commercial borrowings By, Audrey Tan SINGAPORE Technologies' investment in Micropolis {Sailed because it did not anticipate overcapacity problems in the high-end disk drive market, Minister for Finance
      567 words
    • 310 2  -  It'll tim back plans for foreign minority partners BG Lee By\ Conrad Raj THE government will not only encourage local banks to merge but will also support plans to take in foreign minority partners who will bring in their expertise and technology Deputy Prime
      310 words
    • 399 2  -  By Abdul Hadhi NATIONAL Development Minister Lim Hng Kiang told Parliament yesterday that the government will scale down the Main Upgrading Programme (MUP) by a third due to the economic slowdown. He also gave a second reading of the Planning Bill which
      399 words
    • 631 2  -  S'pore investments in the par k so far total USsl3lm &/< Conrad Raj THE Singapore-Chinese joint venture that is developing the Suzhou Industrial Park is confident of turning in a profit from its investment in a couple of years despite the current dispute with
      631 words
    • 239 2 INDONESIA has not drawn on the US$5 billion (518.7 billion) loan extended by Singapore. Replying to a question from opposition MP Low Thia Khiang, Finance Minister Richard Hu said the Singapore loan was a standby facility "which will only be used
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    • 322 2  -  EYE ON THE ECONOMY Finance By\ David Boey MORE businesses and individuals were slapped with bankruptcy petitions in the second half of 1997 as fall-out from the region's stock market and currency turmoil began to hit home. Latest figures released by the Supreme Court Registrar show
      322 words
    • 321 2  -  They won't follow competitors' cats below MAS ceiling By\ Clarissa Tan DBS Bank, Overseas Union Bank (OUB) and Credit POSB said yesterday that they were not following moves by competitors to cut their housing loan quantum even lower than the MAS-imposed
      321 words
    • 501 2  -  By, Jennifer Lien DISK drive makers IBM and Western Digital yesterday said they were not planning cuts in production, staff or capacity despite a disk drive industry slowdown. The companies were responding to BT queries following yesterday's report that industry
      501 words
    • 451 3  -  Chartered Semiconductor Manufacturing will take 49% stake By, Annette Pau CHARTERED Semiconductor Manufacturing Ltd yesterday announced a US$l billion (Ssl.7 billion) joint venture with US based Lucent Technologies Microelectronics Pte Ltd to open a wafer fabrication facility here. CSM will take 49
      LANCE LEE/ST  -  451 words
    • 206 3 TUB Urban Redevelopment Authority ('JRA) yesterday confirmed that the tender tor the lirst office sites in Marina South would close as scheduled on April 2. Rumours in the property market, of late have suggested that thu tender closing might he delayed, due to
      206 words
    • 331 3  -  Mobil will start shipping 2.7 m barrels to Jurong refinery Hi, Ronnie Lim THK Singapore oil industry will receive its first major consignment of Iraqi crude under the UN "oil-for-food" programme next month when US oil company Mobil starts
      331 words
    • 325 3  -  ÜBS Securities said to have pat off job cats to mid-Feb By Abdul Hadhli [SINGAPORE] Broking firm HSBC James Capel is expected to announce this week a reorganisation that includes job cuts. A similar announcement by ÜBS Securities appears likely to
      325 words
  • Page 2 Advertisements
    • 191 2 Regional Currency Crisis fSSBSSI Is this a good time to invest in d| Real-Time Accounting? The regional currency crisis has driven home the value of current, up to the minute I information. Without Real-Time (Instantaneous) information about your company's J operations, you could lose your hard earned profits through currency
      191 words


  • FOCUS: PROPERTY
    • 708 4  -  Despite the regional downturn, increased supply and higher rentals, they are enjoying 90% occupancy over hotels' 60-70% rate By. Ang Wan May [SINGAPORE] WHILE hotels are floundering with low occupancy rates of 60-70 per cent, service apartments in prime areas have been enjoying more than
      Source: Richard Eilis; Source: Edmund Tie & Co; Source: Richard; JEN CHUA  -  708 words
    • 143 4 NYT [NEW YORK) Welcome to this week's newest rental offering. Still undergoing last-minute touch-ups, it is priced at US$lOO,OOO (*****,440). A month. If rented, Donald Trump's personal penthouse, at the top of Trump International Hotel Tower at Columbus Circle would be the highest-priced apartment rental in New
      NYT  -  143 words
    • 1154 4 Property transactions for districts 09 and 10 (sectors 22 to 23 and 24 to 27) lodged between Nov 17, "97 and Jan 10/96. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LAND AREA' (SOFT) (SS'OOO) ($$> District 09 Non-Landed 28 Cplx Apt 30/09/97 FH
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  • Page 4 Advertisements
    • 384 4 We provide consultancy services on offshore structures, shelf companies and 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
      384 words
    • 51 4 PRIME OFFICE/WAREHOUSE BUILDING along Pasir Panjang Road FOR SALE Location Prominent frontage along Pasir Panjang Rd. Ideal for Corporate Headquarter Gross Floor Area 72,500 sq ft approx. Land Area 26,844 sg ft approx. Tenure Freehold Call Ms Soon Su Lin Dennis Tay Richard Ellis (Pte) Ltd Investment Department Tel: 224
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    • 129 4 mm SINCE 1964 V* hour Colour Print W J 1 hour E6 Slid* Process I j Canon Instant Colour Lsssr Copy/OHP H I.CVPassport Instants H 1 Lamination f Available at LJ 081-15 Orchard Towers, Orchard Road Tel: *****15 D THE PROFESSIONAL LAB C WITH COMPLETE SERVICES I 1 Commercial Exhibition
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  • MARKETS IN TURMOIL
    • 377 5 JAKARTA Bank closures conflicted with rate hikes, says confidential report LATWP THE International Monetary Fund has conceded that some of its earlier prescriptions for rescuing the Indonesian economy backfired and inadvertently may have contributed to the collapse of the banking system here,
      LATWP  -  377 words
    • 482 5  -  LONDON Fitch IBCA: admits mistakes in assessing Asian borrowers From. Neil Behrmann IN a remarkable admission of its mistakes, Fitch IBCA, Europe's largest credit agency, said that it had been far too optimistic in its earlier assessments of Asian borrowers, particularly, South Korea.
      482 words
    • 225 5 NEW YORK Bridge News MOODY'S Investor Service Inc has dismissed widespread criticism of its ratings downgrade on South Korea, saying the ratings are justified given defaults in the country's banking sector and its precarious sovereign standing. "We have been accused of being too soft and
      Bridge News  -  225 words
    • 585 6  -  IMF chief to meet Suharto this morning to go over final draft of new economic reforms package From S N Vasuki in Jakarta THE Indonesian rupiah and stocks scored impressive gains yesterday on growing market expectations that President Suharto will announce
      AFP  -  585 words
    • 366 6  -  Move will speed up implementing of IMF's reform measures: Camdessus By i Catherine Ong [SINGAPORE] The International Monetary Fund (IMF) will sign a second letter-of-in-tent with Indonesia today. This will accelerate the implementing of the fund's reform measures and show
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    • 262 6 AFP [NEW YORK] The widow of Indonesia's founder and first president urged US President Bill Clinton in an open letter to stop some US$4O billion (Ss7l billion) in aid being sent to the Indonesian government. "The political funding of Suharto must stop at
      AFP  -  262 words
    • 403 6  -  From. Harish Mehta in Bangkok US SPECIAL envoy Lawrence Summers yesterday stopped short of committing the US to assist Thailand in raising funds to recapitalise its capi-tal-starved financial sector. Following a morning meeting with Thai premier Chuan Leekpai and top economic ministers,
      AFP  -  403 words
    • 222 6 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's largest electricity provider, may reschedule US$4OO million (***** million) in short-term debt because of the ringgit's slide against the US dollar, a Tenaga spokesman said. The move is likely because the US dollar debt has become more expensive
      Bloomberg  -  222 words
    • 53 6 [JAKARTA] An unemployed musician playing his guitar for motorists stuck at traffic lights on a busy Jakarta street yesterday. Official figures show that over the next year more than 1.4 million Indonesians will lose their jobs as the country faces its worst economic crisis
      REUTERS  -  53 words
    • 314 6  -  Morgan Stanley Asia MD expects investors to return to region by end of year From Loh Hui Yin in Hongkong THE Hang Seng Index will almost double to 16,000 by the end of the year when investors return to the region, an investment bank
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    • 204 6 AFP [BOMBAY] The Indian currency hit a record low here yesterday, crashing through the psychological barrier of 40 rupees to the US dollar for the first time. Dealers said it closed at 40.90 against the greenback after crashing to 40.15 half an hour
      AFP  -  204 words
    • 339 6  -  By i Slow Li Sen [SINGAPORE] Contrary to market fears, there will be no runaway inflation in the regional economies which have been severely battered by the huge currency depreciation, said economists from Goldman Sachs. Singapore's inflation is estimated to remain at 2 per cent
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  • Page 5 Advertisements
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  • Page 8 Advertisements
    • 211 8 *H y immm -**T— l^— m&w a „..,^-^fc...^... T^^^^ssKB3B3SSfll^HMßMliP——i—————————-•gfif' r You stopped listening to others years Not surprisingly, that's when others began (Variable Valve Timing-intelligent) and ETCS-i (Electric Throttle Control System- check with remarkable precision. Should the need ar listening to you. You realized that individuality and power go hand
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    • 229 9 V H/ f Hfc#I Kr jR f fl ®f I^^*■ Of r PMQHL w < fl JrV mP r^H VniH y* i :^JB KdBBMHI M I I BT fl mm ft v r- j**£-->x*dL**jr it f &#r« jkVJ V*S#' ?^S sj ric Th ottle Control System- clieck with remarkable precision.
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  • REGION
    • 406 10 HONGKONG Prices of residential units expected to fall by op to 10% in next 6 months: consultant Reuters HONGKONG'S property prices will remain under pressure from rising interest rates and a poor economic environment spurred by Asia's financial turmoil,
      Reuters  -  406 words
    • 40 10 [TAINAN, Taiwan] Army soldiers going through a military drill simulating an assault to retake a captured city on Tuesday in this southern city of Tainan. Taiwan has been trying to strengthen its military in recent years. REUTERS
      REUTERS  -  40 words
    • 301 10 JAKARTA AFP A DRAMATIC rise in newsprint prices following the plunge of the rupiah against the US dollar is threatening about 200 Indonesian newspapers, a report here said yesterday. "According to ordinary business calculations, hundreds of newspaper publishers in Indonesia should have halted
      AFP  -  301 words
    • 408 10 BEIJING Analysts not convinced bad debts are declining AFP CHINA'S four largest banks yesterday reported mixed earnings for 1997, and analysts were not convinced the results showed a decline in bad debts. While the China Construction Bank (CCB) reported its first profit in
      AFP  -  408 words
    • 275 10 TAIPEI Taipei tlliiw in the region with offers of economic aid Reuters CHASTENED after China poached its best ally, Taiwan is mounting a counteroffer sive in South-east Asia and finding leaders willing to risk Beijing's ire to get a crack at Taipei's economic charity.
      Reuters  -  275 words
    • 210 10 HONGKONG Reuters HOPE emerged yesterday in Hongkong's war on the killer "bird flu" when the government said the high-risk period was almost over as no new cases had broken out since it slaughtered 1.4 million fowls two weeks ago. The government said it
      Reuters  -  210 words
    • 660 10  -  GBDIAVATOB Loan move seen as vital step In 'commerrtaHKatkm' of Big Four By Lu Ning CHINA has finally started revamping its banking system following much rhetoric by Chinese leaders at a national financial work conference late last year. Just before 1997 ended, the central bank announced that,
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    • 607 11  -  TOKYO Move confirms that sustaining Japan bank lending to Asia is an official priority From, Anthony Rowley TWO leading Japanese banks announced yesterday that they are likely to be the first to take advantage of Tokyo's new scheme for
      Source: Bloomberg  -  607 words
    • 271 11 BOMBAY Reuters INSTITUTIONAL investors in India's equity markets want to switch to paperless share trading but foot-dragging by a few is causing delays, a senior official at the country's securities depository said on Tuesday. The market regulator, the Securities Exchange Board of India
      Reuters; FILE PHOTO  -  271 words
    • 184 11 SHANGHAI Bloomberg [SHANGHAI] Shanghai will shift its emphasis to manufacturing and discourage investments on property and retailing to avoid pitfalls suffered by Asian neighbours, said the city's mayor Xu Kuangdi. Shanghai China's biggest commercial and industrial city has a vacancy rate of 37 per cent,
      Bloomberg  -  184 words
    • 302 11 TOKYO Nov surplus down 5.3% from Oct to 1.3 trillion yen Bloomberg JAPAN'S current account surplus contracted in November from October for the fourth time in the last six months as exports to cash-strapped Asian countries fell, government figures showed. The current account surplus fell
      Bloomberg  -  302 words
    • 233 11 BEIJING AFP DESPITE rising unemployment and increasing angry protests from laid-off workers. China yesterday reasserted its commitment to economic reforms that will put millions out of work. An editorial in Beijing's English-language People's Daily urged the government to "overcome the feeling of shrinking
      AFP  -  233 words
  • Page 10 Advertisements
    • 198 10 theßusinessTimes Give yourself a break from the stress of work or I --""T business. Enter this contest and get a chance to win spa packages that will relax and refresh you. Just I answer the question in the space provided below. ptam if 8 winners each will win an ESTHEVA
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  • Page 11 Advertisements
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  • THE WORLD
    • 688 12 WASHINGTON Two key board members revive unthinkable idea of possible Fed easing Reuters THE US Federal Reserve appears poised to shift monetary policy from a bias towards raising rates to a neutral stfcnce or even lower rates afttfr recent comments by two kty
      Reuters  -  688 words
    • 542 12 WASHINGTON Boost from last-minute shoppers, strong car demand Bloomberg US RETAILERS rang up their biggest sales gain in half a year last month, helped by last-minute holiday shoppers and strong demand for cars. Sales growth for the entire year, though, was the weakest since
      Bloomberg  -  542 words
    • 330 12 WASHINGTON Reuters THE chairman of a Congressional panel said on Tuesday the Clinton administration's request to boost IMF resources was in jeopardy as lawmakers pressed for a full hearing on bailout funding. Representative Jim Saxton criticised the International Monetary Fund's policies in Asia,
      Reuters  -  330 words
    • WORLD Watch
      • 86 12 AFP [MOSCOWI Foreign investment in Russia doubled from March to December 1997, compared with the same period of 1996, reaching US$9 billion (5115.6 billion), a senior official responsible for encouraging investment said yesterday. Yury Petrov, director of the state company Gosinkor, told a news conference
        AFP  -  86 words
      • 67 12 Reuters [WASHINGTON] The United Nations inspection team headed by American Scott Ritter that was turned away from making arms inspections in Iraq for a second straight day probably will not make another attempt, UN official Richard Butler told CNN yesterday. Mr Butler is
        Reuters  -  67 words
      • 118 12 Reuters [JERUSALEM] Israel's cabinet voted yesterday to hold onto large segments of the West Bank under any peace deal with the Palestinians. A cabinet communique listed eight loosely defined zones and locations as "vital interests". The decision came less than a week before
        Reuters  -  118 words
      • 107 12 Reuters [LONDON] Growing skills shortages in Britain's workforce are dealing a major blow to competitiveness, particularly for smaller companies, the British Chambers of Commerce said yesterday. The BCC, with business finance consultants Alex Lawrie, canvassed 343 small firms and found nearly a third
        Reuters  -  107 words
    • 210 12 LONDON AFP GOLD prices surged in London yesterday after the turbulent Asian stock markets staged their second day of strong performances. Gold was being traded at US$2B6 from U*****.65 late on Tuesday, and far above Monday's price of U*****.85, the lowest since June 18,1979.
      AFP  -  210 words
    • 56 12 [MONTREAL) A worker cleaning ice from a transit shelter in Montreal on Tuesday. Much of Montreal's downtown business was closed again yesterday because of danger from falling ice. Eastern Canada continues to clean up from the ice storm that has caused massive power failures, sending thousands of
      REUTERS  -  56 words
    • 284 12 LONDON Unemployment falls to 17-year low of 5% in December AFP BRITISH unemployment slumped to a 17 1 /j year low at 5 per cent of the workforce last month, figures showed yesterday, reawakening fears of a fresh interest rate hike to
      AFP  -  284 words
  • Page 12 Advertisements
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  • EDITORIAL & OPINION
    • 785 13  -  THE BOTTOKLXME OPINION By Thomas Friedman The writer is a columnist for The New York Times NYT I LIKE to think of the world as four different gas stations. At the Japanese gas station, gas is US$5 a gallon, four uniformed men
      NYT  -  785 words
    • 160 13 4 lt was going to be a no-excuses year, so I don't want to make any excuses for it' -John Smith Jr GM chairman and chief executive, on 1997 sales, as the carmaker failed to carry out its pledge to boost its market share above 1996's 31.4
      160 words
    • 626 13 EDITORIAL IT comes as no surprise that the Hongkong government has postponed opening its new airport by a couple of months. So now instead of an April opening, the new airport will receive its first flight on July 6. Not that the airport, which will replace the
      626 words
    • 1122 13  -  An anti-US backlash from the Asian crisis would hurt American security and political interests in region By\ Leon Hadar The writer is BT's Washington correspondent DURING the not-so-distant years of the Asian economic boom, US foreign policy makers were concerned that the dramatic rise in the power
      FILE PHOTO  -  1,122 words
    • 215 13  -  MAILBOX Paul Casson III United States via Internet I AM an American who very much enjoys your transmissions on an almost daily basis. I have a great admiration for your organisation, Asia and its people. The recent comments by one Mr Santer,
      215 words
    • 594 13 IMF rescue plan doomed LARRY Summers, the No 2 man at the US Treasury, is hustling around the globe, trying to hold the Asian bailout together. He's a dedicated guy on a sincere mission, but it's unlikely he'll succeed. The rescue plan is unraveling, an event
      594 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 47 13 DOOMESBPBY By Garry Trudeau I gPfPe-fiMVeSONTmHILL. ANPI NOUS R£PR£S£MT SINCSIHf&T BURST INTO BHi ■^Mnnrn 1 > IAC£YPAVEHPOKTSOUP NATfONAL A3 A T CAS/LYTHE T ANPTHI5\ I WGOOPMORN/N6, LAPIE& ANP) ptSTF/CT. $OMECF XXJA4AY 1&WIN6ARCMTECTOFCALI- I MOSTPG6MCE\ !SWUM£- GemJMW. mcON6X£SS>- HA&eeeN TRACKING MY FORNIASPROFOStnON209 \\fVL7H/NGH£$} LYHflFB j BANNING AFFIMATT& ACTION! It'Ms
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  • EXECUTIVE LIFESTYLE
    • 1029 14  -  It measures up well against the best of luxury-performance contenders, says Christopher tam CHRISTOPHER TAN TALK has it that Mercedes-Benz design supremo Bruno Sacco liked the Lexus SC4OO coupe so much that he adapted its four-eyed look to the new E-class. That probably
      1,029 words
    • 551 14  -  Not content to rest on its laurels, Toyota has enhanced performance of its flagship LS4OO By l Christopher Tan THEY never give it a rest, do they, these Lexus people? I mean, after having come up with the world's quietest car, and raising standards in
      551 words
    • BUMPER to BUMPER
      • 71 14 EVERYBODY wants to go off-road. BMW has indicated at the Detroit Motor Show that it would consider a luxury four-wheel-drive, after furiously denying this for some time. Its previous argument was that it already owned Land Rover. Does this mean a divestment is now at
        71 words
      • 110 14 MORE on four-by-fours. There is talk that Porsche Ag will unveil plans for an off-road recreational vehicle this year J its 50th anniversary. If realised, the model will fill a stark void in a line-up that currently has the 911 in the high end and
        110 words
      • 69 14 MAZDA'S successor to the 121 has been launched. But instead of the bubble concept, the new car—now called the Demio is a boxy job that offers some versatility of an MPV while retaining the zippiness of a small car. The 1.3-litre five-door hatch is available either in
        69 words
      • 99 14 NISSAN will continue to be active on the racing circuit this year. It will enter three racing machines, based on the high-performance R390 GT 1, in the Le Mans 24-Hours. It will compete with Primeras in the British Touring Car Championship, and the German
        99 words
      • 51 14  -  Compiled by Christopher Tan CYCLE CARRIAGE has organised a treasure hunt on wheels in conjunction with the premiere of the latest Jackie Chan movie Who Am in which the Mitsubishi Pajero is featured. The event flags off this Saturday at C&C's Alexandra Road showroom at 1.30
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 789 15 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain... ~t(S>£S5SKr HI I oast in the year of the Tiger with free Tiger Beer and free Yu Sheng at our Fatt Choy Reunion huffet. For every tahle of ten (at
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    • 156 15 /f fctAnnfi C*Ufr*twt AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we usher in the Year of the Tiger this Lunar New Year season Call 831 6262 for more details. fj 333 Orchard Road. Singapore 23AM7 Tel *****11 1. a eBTUI You'll Find The Freshest Oysters
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  • Page 15 Miscellaneous
    • 826 15 TV&RADIO 11.00 Business Day. 7JO Tamil Seithi (New). 11.15 Mr Mrs Smith (Pilot). 8.00 Berita 12 (News). il»f *****813—^ 2-00 T.y Innovatlons 12.15 AM Party of Five Per- &30 Festival Filem ICI Dulux: 230 The Winners. sona l Demons (See Our Layar Main Main 3.00 Money, Money. Money. 3-3° LOS
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    • 258 15 CRYPTIC CROSSWORD 1 Letter used as a testimonial (9) up residence beforehand is appealing (13) 11 Love a fellow in the Middle ||B 12 Blush when wounded in the IyJIL— 13 Sailor left old Scandinavian 16 It offers the seaman a step-up 16 Reforms are then established. JHT VV 18
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  • A LEAGUE OP THEIR OWN
    • 2139 16  -  Transplant pioneer Dr Susan Lim is the personification of the compassionate doctor, says jams bb JAIME EE WHATEVER you do, don't talk to liver transplant pioneer Susan Lim about work over dinner. She has this way of talking about human entrails with the same ease as
      CHRIS LOH  -  2,139 words
  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 531 17  -  Sino Land chief, Far East Organization dismiss interest payment default talk By Ven Sreenivasan [SINGAPORE] Property stocks went on a roller-coaster ride yesterday, rising to their highest levels in a week in early trading, and then diving back into negative territory
      Source: Bloomberg  -  531 words
    • 459 17  -  By\ David Boey [SINGAPORE] The mobile phone network that P2P Communications plans to install will offer coverage that is "comparable, if not better" than networks run by all its competitors, said Han Meng Siew, managing director of Teledata (Singapore). Speaking on behalf of
      CHRIS LOH  -  459 words
    • 533 17  -  HOCK LOCK SIEW Lee Han Shih BUT for the partial stockmarket recovery, Sembawang Corp would have found itself having a market capitalisation only about the size of its annual wage bill. SembCorp yesterday gained 17 cents to close at $2.12. This
      533 words
    • 229 17  -  By\ Slow Li Sen [SINGAPORE] DBS Bank is one step nearer to acquiring a 60 per cent stake in Filipinoowned Bank of South-east Asia (BSA), the Singapore bank announced yesterday. DBS and BSA signed an acquisition agreement, a subscription agreement and other documents
      229 words
    • 537 17  -  ELSE says it is not singling out Soh in its investigations Hy Meera Tharmaratnam in Kuala Lum/rur MALAYSIAN businessman Soh Chee Wen yesterday tried to play down his involvement in a stock exchange investigation into his share dealings, saying that
      537 words
    • 85 17 Bloomberg [KUALA LUMPUR] Keppel Corp bought 3.1 per cent in Southern Bank Bhd, boosting its holdings in the Malaysian bank to 15 per cent. Keppel bought 22.2 million shares on Dec 24, according to a filing with the Kuala Lumpur exchange. The
      Bloomberg  -  85 words
    • COMPANIES
      • 446 19  -  SMC tycoon said to face demand to back Ramos' presidential choice From, Al Labita in Manila HONGKONG-based First Pacific Co Ltd's planned takeover of San Miguel Corp (SMC) is likely to be delayed due to some "political hitches", sources said
        446 words
      • GOMPANY Briefs
        • 83 19 Bloomberg [Kuala Lumpur] Lee Hing Development Ltd, a Hongkong property company, bought 5.7 per cent of Taiping Consolidated Bhd, a Malaysian property developer, according to filings with the Kuala Lumpur Stock R-rrhangp Lee Hing bought 13 million shares in Taiping Consolidated between Dec
          Bloomberg  -  83 words
        • 53 19 AFX-Asia [KUALA LUMPUR] The former Kuala Lumpur Stock Exchange executive chairman Nik Mohamed Din Nik Yusoff has been appointed executive chairman of Omega Holdings Bhd and OSK Holdings Bhd, said company statements. Mr Nik Mohamed Din's term as KLSE's executive chairman ended on Dec
          AFX-Asia  -  53 words
        • 85 19 [SINGAPORE] Singapore Petroleum Company has reshuffled some senior management positions effective today. Senior vice-president Ng Cheng Cheong will lead the manufacturing and supply group, while Roy Tsou Chen Hwa, another SVP, will head the market development and ventures group. Vice-president Koh Ban Heng takes charge
          85 words
      • 389 19  -  Company calls in KPMG Peat Marwick for advice on options Fromi Quak Hiang Whai in Hongkong BARELY a week after the currency turmoil claimed the life of Peregrine Investments Holdings, another Hongkong company, Theme International Holdings, now faces a bleak future after its credit lines
        389 words
      • 515 19  -  Securities and futures arm of the group are still financially sound, says HK's SFC From i Quak Hiang Whai in Hongkong STANDARD Poor's has affirmed its A-l-plus rating of two commercial papers issued by the now defunct Peregrine Investments Holdings Ltd worth
        515 words
      • 499 20 Rising rates, property slump seen hurting top commercial landlord Bloomberg [HONGKONG] Great Eagle Holdings Ltd, one of Hongkong's largest commercial landlords, said net profit rose almost 13 per cent in the year ended September. The results, about in
        Bloomberg  -  499 words
      • 270 20 Bloomberg [MILAN] Lamborghini SpA's Indonesian owners are planning to sell part of their controlling stake in the Italian luxury sports car maker to a group of European and US investors, Lamborghini's chief said on Tuesday. Lamborghini chief executive Vittorio Di Capua said the
        Bloomberg  -  270 words
      • 304 20 Bloomberg [MELBOURNE] Austrim Ltd, an Australian industrial company, said it made a Asl2B million (*****.6 million) takeover bid for manufacturer National Consolidated Ltd. Austrim said it is offering 60 cents for each National Consolidated share, though its stock closed on Tuesday at 62 cents.
        Bloomberg  -  304 words
      • 352 20 Watchdog to see if it restricts use of rivals' software Reuters [TOKYO] Japan's anti-trust watchdog said yesterday it has launched a probe into Microsoft Corp's Tokyo unit for suspected infringement of antitrust laws. The move comes at a time when the US software giant is
        Reuters  -  352 words
      • 63 20 (TOKYO) Kazuko Kuriyama, an employee ofJapan's medical electronics company Omron, showing the world's smallest wristband-style tonometer HEM-609Fuzzy to measure blood pressure at any time, anywhere, at the company's head office in Tokyo yesterday. The tonometer HEM-609, weighing I2og, will be put on the domestic and overseas
        AFP  -  63 words
      • 517 20 Territory's only listed real estate agent denies collapse Bloomberg [HONGKONG] Midland Realty Ltd, Hongkong's only publicly traded real estate agent, said it would close 20 more branches on top of 28 it shuttered late last year. The announcement came as the company
        Bloomberg  -  517 words
      • 448 20 Pact with National Football Leagne is for eight years Reuters [NEW YORK] CBS Corp, which lost the rights to broadcast professional American football four years ago. is back in the game. CBS has agreed to pay about US$4 billion (Ss7
        Reuters; AFP  -  448 words
      • 182 20 Reuters [TOKYO] Mitsubishi Electric Corp said yesterday its 1997/98 group net loss was likely to be bigger than the 10 billion yen (*****.8 million) net loss it had predicted in November. "We expect the loss to be bigger than our original estimate," Mitsubishi
        Reuters  -  182 words
      • 190 20 AFP (SEOUL) South Korea's 57th largest conglomerate, Nasan Group, was teetering on the brink of bankruptcy yesterday under debts of at least 720 billion won (Ss7so million), bank officials said. "Nasan failed to honour 5.2 billion won of promissory notes yesterday and
        AFP  -  190 words
    • INTERNATIONAL COMPANIES
      • 602 21 Less-than-expected 8.9% fall in income to USsl.74b; capital spending to go up Bloomberg [SANTA CLARA, California! Intel Corp's fourth-quarter earnings fell a less-than-expec-ted 8.9 per cent, becoming the second major technology firm in as many days to raise investor expectations
        Bloomberg; Source: Bloomberg  -  602 words
      • 366 21 Intel gets nod to acquire Chips Technologies But FTC's scrutiny of anti-competitive effects will continue Bloomberg [WASHINGTON! US antitrust authorities said Intel Corp's US$42O million (*****.2 million) acquisition of Chips Technologies Inc can proceed for now, though they'd continue to scrutinise the transaction for anti-competitive effects. After a seven-month review,
        Bloomberg  -  366 words
      • 138 21 Bloom berg [TORONTO] Thomson Corp agreed to buy Computer Language Research Inc for US$325 million (***** million), adding tax-prep-aration software to the information services that it provides to clients such as accounting firms. Thomson will pay U5522.50 a share for Carrollton, Texasbased Computer Language, which sells
        Bloom berg  -  138 words
      • 51 21 [SAN FRANCISCO] Ed Zander, president of Sun Microsystems, unveiling Sun's new Ultra 5 computer workstation on Tuesday in San Francisco. Now available, the Ultra 5 is one of three workstations, code-named "Darwin that are designed for creative and technical professionals, with prices starting under U553,000(555,323).
        REUTERS  -  51 words
      • 403 21 Bloomberg [SCHAUMBURG, Illinois] Motorola Inc's fourth-quarter profit, and a forecast of 10 per cent sales growth in the first half, boosted investor expectations that US technology companies can weather Asia's economic turmoil. Motorola said on Tuesday that profit before charges climbed 10 per
        Bloomberg  -  403 words
    • FINANCE COMMODITIES
      • 543 22 His advice is still: the worst thing to do is to panic, so yon still have to hang in there Bloomberg [HONGKONG] Mark Mobius had a tough six months, as he is quick to tell you. Back in June, the president of US$l5-billion
        Bloomberg  -  543 words
      • 49 22 [PARIS] French jobless demonstrators barricade themselves inside the Commercial Stock Exchange in Paris on Tuesday. The protesters, hoping to obtain fresh concessions from the socialist government, marched in Paris and 45 other cities and towns across the country. The Commercial Stock Exchange trades commodity futures. REUTERS
        REUTERS  -  49 words
      • 607 22 Depositors wonder if monetary body could have protected them Reuters [GEOßGE TOWN, Cayman Islands] Ordinarily, the forced closure of one bank in a small British territory should not cause much talk. But the self-destruction of the First Cayman Bank (FCB) has prompted questions about
        Reuters  -  607 words
      • 195 22 Bloomberg [TORONTO] Royal Bank of Canada is in talks to buy Hambros pic's bond-trading unit to enlarge its market share in the highly competitive UK business, a person familiar with the planned sale said. Hambros, a UK investment bank
        Bloomberg  -  195 words
      • 360 22 Bloomberg [NEW YORK] Companies are selling bonds faster than investors are buying them, causing some of the US$l6.5 billion (5529.3 billion) of securities issued over the past week to fall almost immediately after they began trading. Bonds sold by International
        Bloomberg  -  360 words
      • 224 22 SIMUX Report Reuters [SINGAPORE] Simex Eurodollars ended weaker yesterday as Wall Street's rebound on Tuesday boosted Asian stock markets, but the Eurodollar undertone was seen firm as stock volatility remained high, dealers said. "Equity market rises have driven Eurodollars down today, but it will
        Reuters  -  224 words
      • 158 22  -  MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd (SINGAPORE) The Simex MSCI Taiwan Stock Index futures contract rose 19.6 points yesterday to close at 323.6 in the January contract. The rise was in line with the Dow's overnight gain
        158 words
      • 272 22 ENERGY REPORT Reuters [LONDON] World oil prices scraped along at 45-month lows yesterday with no let-up in sight for crude markets which have been battered in recent weeks by fears of oversupplies this year. News that Iraq is planning a big increase in
        Reuters  -  272 words
      • Article, Illustration
        1227 22 DTTERBAMK CROSS RATES Jam 4 A$ C$ Ihwfc ECU Ffr Dw HK$ todtsNpUfc Yw Ww Ml MZSNfch N» S$ law# Sir WT$ M* Pound US$ Australia 0.932 6.178 0.601 3.978 1.188 5.037 26.118 48.137 0.851 10.79® 2.781 112****** ***** 1132 328 0.965 22.180 34.639 0.400 0.651 Canada 1.073 5.7% 0.645
        1,227 words
      • 288 22 Reuters London THE US dollar was mixed yesterday afternoon in Europe, soft against the yen as Asian stocks and currencies extended Tuesday's recovery, but firmer versus the mark amid some speculation of easier German interest rates. US Deputy Treasury Secretary Lawrence Summers' comments that the US was monitoring
        Reuters  -  288 words
    • 1779 23 SICOM FUTURES Jan 14 IMJ8K8 (Mm dMtag at 5Mm) RSS1 CONTtACT(S cwtsA«> CtOM VotMM 0p« Month High Low Sttt (tontrt hrtarwt Fe6 96 1*75 250 Mar 98 120.25 495 Apr 98 124.75 121.75 122JO H50 3700 May 90 125.75 122.00 ***** 1250 3700 Jun 98 126.00 ***** 126.75
      1,779 words
    • 1658 23 AFP Q Nikkei 225 *3*8.04 JAPANESE share prices closed 2.5 per cent higher yesterday on short-covering among bank shares, with the market sentiment buoyed by the extended rebound on Asian bourses, brokers said. "Asia's share markets appear to have pulled out of their bottomless slide, and excessive pessimism has
      AFP  -  1,658 words
    • 2200 23 LONDON Mistrials JmM n«C» 31 Group 510 -4 AB Ports 286 3.400 Abbey National 1124 13 Allied Domecq 526 -3 Amec W 4 Asda Group 187.400 3 BAT Ind 565.400 1.400 8G Pic 305.400 1.400 BICC —158 -4 BOC Group 885 1.600 BP Petroleum 803 11.600 BTR
      2,200 words
    • Article, Illustration
      1523 24 AFP Hang Seng +50<155 SHARE prices surged 5.8 per cent yesterday, as interbank rates eased with the stabilisation of regional currencies. "The market is following the rebound of stocks in the region, as regional currencies stabilised and local interbank rates ease," said an analyst. "It has also been boosted
      AFP  -  1,523 words
    • Article, Illustration
      629 24 Reuters Q Shenzhen B Index +3JI THE Shenzhen B stock market closed sharply higher yesterday due to solid gains on the Hongkong bourse. But B share gains were limited by some profit-taking in the afternoon, driven by concerns over the outlook for Asian economies. The B Index rose 3.61
      Reuters; Source:  -  629 words
    • 347 24 AFP HwPMg STOCKS soared 3.8 per cent yesterday, led by strong buying of technology issues, on the back of an overnight rise on Wall Street and Hongkong's continued rally. "Investors jumped in to buy, convinced that the world stock markets have recovered from the recent bearish sentiment," said a
      AFP  -  347 words
    • 237 24 Reuters O Wellington *2188 NEW ZEALAND share prices ended strongly yesterday after a resurgence in US stocks, but turnover remained moderate, dealers said. The NZSE-40 Index ended 21.88 points higher at 2,236.40, very near its high for the day, on turnover worth NZ$52.B million. Reuters M« 1 W ANZBank**
      Reuters  -  237 words
    • Article, Illustration
      823 24 AFP FIST Infer +1&73 SHARES soared 5.4 per cent yesterday as the country's currency enjoyed a rare respite and as a top US official gave Bangkok's economic reform efforts the thumbs-up. Sentiment was buoyed when visiting US Deputy Treasury Secretary Lawrence Summers gave the Thai government attempts to restructure
      AFP  -  823 words
    • 394 24 AFP +IL3I SHARE prices rose, with persistent foreign buying discouraging local investors' attempts to take profit. A dealer said the market had been expected to take a breather after the recent rapid upturn, but ongoing foreign support offset selling pressure sparked by the announcement that apparel maker Nasan was
      AFP  -  394 words
    • 587 24 AFP HAH Primary* «4010 SHARES rose yesterday after strong gains on Wall Street and in Asia combined with improved gold prices to boost confidence, brokers said. An announcement by the world's largest mining company, Rio Tinto, that it plans to buy back up to 10 per cent of its
      AFP  -  587 words
    • Article, Illustration
      702 24 AFP H Composite Infer +2L84 SHARE prices closed 4.9 per cent higher yesterday amid growing confidence that Jakarta was headed on the right path of reforms, dealers said. "That is what everyone in the market thinks, that Indonesia is now on track," a dealer said. He added that expectations
      AFP  -  702 words
    • 319 24 AFP n Manila -H&23 SHARE prices closed 6 per cent higher yesterday amid a strengthening of the local currency and continued bargainhunting, dealers said. An analyst said the index was up mainly because of the strengthening of the peso. The PSE Composite Index rose 95.23 points to close at
      AFP  -  319 words
    • KUALA LUMPUR STOCK MARKET
      • 597 25 AFX-Asia f I Composite Index -*-32.79 Swmml SHARE prices closed sharply higher yesterday as the ringgit retraced lost ground and on the back of firmer regional markets, dealers said. The KLSE Composite Index rose 32.79 points, or 6.5 per cent, at 536.68. The Emas
        AFX-Asia  -  597 words
      • 9063 25 MOUSTRULS 1998 Latt Vol Day Net Cap High Low Company Soto OOO High Low P/t Jmll 210 180 A|inomoto 210 116 85.1 90.5 73 Angkasa 86 4 125 89 82 2.0 126.8 160 123 Apolio Food Hlg 145 5 14 150 145 4.2 58.0 225 190 BertayaLand 196 unch 491
        9,063 words
    • WARRANTS & OPTIONS
      • 3812 26 Transaction Date Jan 14 BONK. LOANS ft WAMANTS wt 1997/9® Last Vat Day Last Ouata Mfk U* Strto C imp my taM »or <000> M* Lot Bu,.f SaMf Met 68 to m 3000 m AMOS c5.5******6 10 13 81 8 3160 A Acar ******1 US$ 11 »2.5 90 H.5 9
        3,812 words
      • 178 26  -  WARRANT WATCH -By R Sivanithy HAW PAR's 1998 warrant is not traditionally considered a high-risk, high-return play, but the devastation of the past year has thrust it into this role. We have to say first that expiry is six months
        178 words
    • 2358 26 Transaction Date Jan 14 MALA YSUN STOCKS Cr Or IMT/N Last Vat Day Last Ouata Mv ON YM Nat M Ca* laa St»a Cw»m Sata COOP) Hg Law Buyar ialaf C*w W Sand 478 28 ms 5000 AIS850C 4S3 M2 UK 50 35 44 463 VO 13 U
      2,358 words
    • 1665 27 S" 1 »«**rtl« M.J7J 2U» 79,604 M2.VM OM *M£ asr- vs j ja TM*1 315.601 262,9G> S7«So lAjm MjAj ICSDAO TttM jia.otrs 2u.wi 3'O.SIU ICSDAO W.MO '9lhs 4t tbntgit ttUdtt- mint rum. MAM CLOC total -T I tt 1i J aft MUM »4 21 (S 55
      1,665 words
    • 5055 27 Transaction Date: Jan 14 Of Or M W1 1997/98 La«t Vo4 Day LMt Owata M« Dtv YW Mat Cf A*9 High Lm St*o f«mpany Sato COOP) Hljh U» Bwyar MOW H C'w P/t $wiM Prtca MMSTIULS 157 18.S a 1020 ACt Dynamlcs60c 21 ♦2.5 123 22 20 21
      5,055 words
    • 1186 27 cc Gf mm 1917/99 Last VM Day LMt Owti Ot* W» TM tW Ca» Avg MH> L— WW Cinn Ml COOOt H» U» twyr t¥*r Cw Wl >■* Ww SCSOAQ <86 76 a 2000 ABA Hidgs Sc 100 "I 26 104 100 100 101 3.0 4.0 0.2 142.9 44.S
      1,186 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        64 28  -  by Shiv Taneja PARKWAY HOLDINGS closed 22 cents higher at S2J7 on a volume of 4.9 million shares yesterday, compared with its lOday traded average of 2.33 million units. The stock is still heavily oversold, according to the daily and weekly RSI and stochastks charts. However, according to
        64 words
      • 214 28 Stocks Volume •Renong BM 50c 62,750,000 Wing Tai 25c 37,890,000 DBSLand 23,396,000 •MBf Capital 22,756,000 SingTel 15c 19,768,000 *ffekapacffk Bh 12,989,000 KeppelCorp 11,942,000 OCBC Foreign 11,564,000 •Berjaya Group 11,027,000 •Renong WtOO 10,659,000 OCBC Foreign 79,010,699 SingTel 15c 63,260,397 U08 Foreign 52,324,224 DBS Land 45,472,723 SiA Foreign 44,123,241 KeppelCorp 43,293,034 Wing
        214 words
      • 710 28  -  STOCK MARKET COMMENTARY STII ends 86.75 pts up, after losing 30 pts from intra-d&y peak of 1,274 on property-linked rnmonrs By R Sivanithy [SINGAPORE] Local stocks continued their rehabilitation yesterday as players piled into the market in response to an improving currency
        710 words
      • ON THE GRAPEVINE
        • 80 28 EVER wondered what happens to Singapore Airlines' used aircraft seats? Well, they come back down to earth, ending up In TV rooms at home, in (karaoke?) lounges, boats, ferries, tour buses, etc... you get the picture. These are the suggested uses ofSLA's used seats, according
          80 words
        • 122 28 INVESTORS who might have taken advice from analysts and lost money will probably take comfort in the following: Hongkong-based Roy Ramos, a banking analyst with Goldman Sachs, had put his money where his mouth is and bought United Overseas Bank Foreign shares when they were
          122 words
        • 143 28 SHOWING that it takes more than an economic crisis to get a good publicist down, a Singapore retailer yesterday linked bargain prices on kumquat trees to plunging share and currency markets. "Stocks are falling, the currency is foiling. But not all falls are bad news," Reuters
          143 words
        • 132 28 NOW that the shares of Hotel Properties, the main local public vehicle of businessman Ong Beng Seng, are hitting rock bottom, local wags are describing the recent purchase of HPL shares by Saudi Arabian billionaire Prince Al-Waleed bin Talal as a tale of The Prince
          132 words
  • Page 17 Advertisements
    • 66 17 For llioso wlio will not roiupromisc form or [iinrlion —I r.ivcllcr II K i k/ i/^ GP Girard-Perregagx Manufacture depuis 1791 Pictured Model ***** 0 *****° Automatic movement with alarm function, second time zone and date window Available at all authorised retailers Exclusive Distributor BMI Pte Ltd Tel: 737 3786
      66 words

  • Page 18 Advertisements
    • 1291 18 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Singapore Press Holdings Limited (the "Company") will be held at The Auditorium, News Centre, 82 Genting Lane, Singapore *****7 on 9th February,
      1,291 words
    • 906 18 Singapore Press Holdings IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE I Originating Summons I Number 4of 1998 In the Matter of I Singapore Press Holdings Limited (RC No. *****2868E) And In the Matter of The Companies Act, Chapter 50 (Revised Edition 1994) SCHEME OF ARRANGEMENT under Section 210
      906 words

  • Page 19 Advertisements
    • 28 19 MILAN NEW r BEVERLY HILLS tokyo W j BEIJING 1 I SEOUL iflk TAIPEI |L. HONG KONG KUALA Ern^Ho^^Kgna Singapore Ngee Ann #01-07 #Markelin* Services Brandrd IJTesljrfe DtrMon
      28 words

  • Page 20 Advertisements
    • 110 20 Two Talks/Seminars at the Singapore Art Museum (Patron's Club) 71 Bras Basah Road, Singapore *****5 Thurs 15 th and Sat 17th January 1998 at 7pm sharp on the Art Wealth Preservation Aspects Antique and Museum Level Persian Carpets and The Current Manu/facture of Hand Knotted Carpets from The Traditional Countries
      110 words

  • Page 21 Advertisements
    • 805 21 THREE WEEKS AFTER LOSING THE BALL, BANNISTER ADMITTED DEFEAT. HE JUST HOPED HE HAD ENOUGH FUEL TO GET BACK TO THE CLUBHOUSE. It is a noteworthy fact that. wherever set against magnificent j-~ now extends to rather more than novel gentlemen have roamed on this Earth, a s<rf rainforest backdrops.
      805 words



  • Page 24 Advertisements
    • 61 24 I the computer J you this was a 1 I making for Susan 1 I advertised in I /T'XV good deal. J Yup, we got what ls going to J \The Straits TimesJ( S (we wanted because real nice! y j; -s) r -^gp| —l Buytoa se,Unfi throulth The Straits
      61 words


  • Page 26 Advertisements
    • 120 26 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares. This is all you have to do: So, why keep your shares tucked away? P mm r i Use it for a million purposes. stop by any Hong Leong Finance
      120 words


  • Page 28 Advertisements
    • 343 28 BUSINESS Notices To advertise 0311 toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that. I John Li Lee of 2 Kim Yam Road, #07-01 Riviera Point Singapore *****0, have applied for a Public House, First Class (Extended) Licence in respect of M/s Wow Entertainment and Leisure Pte Ltd (Venom Dance State) located
      343 words
    • 377 28 IN THI MATTER Of THI CO MP ANUS ACT, CAP. 50 AND IN THi MATTIR Of LEE HENG ENTERPRISES PTE LTD (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY CIVEN pursuant to S«ction 308 of the Companies Act. Cap. 50 that the FINAL MEETINC of the members of the Company
      377 words
    • 394 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PKB-SCANIA CARGO SUPERINTENDENTS (S) PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 308 of Ihe Companies Acl (Cap 50) that Ihe FINAL MEETING of the Members of the abovenamed company
      394 words
    • 451 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 59 AND IN THE MATTER OF TOP MARK APPARELS (S) PTE LTD V.. I I ~i|J,ri--1 I twihii j LiqunawNi i Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at 23 ftek Seah Street. *02-112. Singapore *****3,
      451 words
    • 187 28 If't win if ii Sttdtf Cltniffri this wukni. J IcXrl] IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MONT D OR CAKE SHOP (PRIVATE) LIMITED (MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 308 of the Companies Act (Cap. 50)
      187 words
    • 10 28 Impress ymr friend* with R..4 Siaday Clmifiri tkit vtikiri. ygj
      10 words

  • SHIPPING TIMES
    • 311 29 Bridge News Reuters THERE WAS little positive news from the freight market. There are said to be several Panamaxes spot in the US Gulf looking for cargoes, but there are few early cargoes to cover, brokers said. In the grain trades, Louis Dreyfus is no longer quoting a
      Bridge News; Reuters  -  311 words
    • 260 29 SES ,,:--.>T^W JmH 9 W CWT Distribution 0.48 ♦0.045 30 ChuanHup... 0.415 *0.015 190 Cosca tarvastmant 0.80 *0.07 6 rrttam Unto 0 JO *0.005 388 G8 Holdings 0.28 unch 42 Hal Son Hup 0.52 *0.08 317 Hitachi Zosan 0.525 *0.005 143 IMC Hoidbtgs —HK 5*0 Jaya Holdings 0.36
      260 words
    • 503 29  -  It expects slower growth due to more direct shipments, not S China competition By: Marcus Hand [SINGAPORE] A leading Hongkong port developer and operator feels more cooperation is needed between the former British colony and neighbouring South China ports to withstand
      FILE PHOTO  -  503 words
    • 607 29  -  SHIPSHAPE I By Marcus Hand NTHONY Fong, managing director of Hongkong-based international freight forwarders UFreight Holdings, has seen a lot H IHHof changes in his 25 years with the company. But he feels that although the industry has definitely changed, the fiinda*
      ARTHUR LEE  -  607 words
    • 260 29  -  From David Taylor in Hongkong THE large number of new vessel imports into China have prompted shipbuilders to concentrate on meeting domestic demand. This domestic focus will limit the Chinese shipbuilding industry's impact upon the international market, according to Xu Penhang, president of the China
      260 words
    • 367 29 Chairman refutes reports that it wants to cut Indon exposure Bloomberg (SINGAPORE] Osprey Maritime Ltd, one of Singapore's largest shipping companies, said it remains committed to Indonesia, even amid Southeast Asia's economic and currency turmoil. "We are not going through an effort to lower our
      Bloomberg  -  367 words
    • 418 29 Sri Lanka cancels letter of intent to UK-China consortium [SINGAPORE] The South-east Asian currency crisis has prompted the Johor Port authority to pull out from a plan to fund a British-Chinese consortium to develop a new port in Sri Lanka.
      FILE PHOTO  -  418 words
    • 119 29 Reuters [CAIRO] Egypt's Red Sea port authorities on Tuesday impounded a Liberian-flag tanker after it rammed into a crude loading terminal in the Gulf of Suez, an official said. The official, who declined to be named, told Reuters that bad weather on
      Reuters  -  119 words
    • 977 30  -  BRITISH MOTORING New and better cars will be available this year but Britons will still face delays driving on an inadequate road system From Stuart Marshall Financial Times in London What can British motorists expect in 1998? More of what they had in 1997, unless
      Financial Times  -  977 words
    • 231 30 PACE Oongnama 7 AO. 9 ECL 5 •AIM. 3 ft Accord 8 Eurofuns 6 Appenshtp 5 6 Astro 3 F00 S 8 Austral 9 CU 0 Gemartrans 8 BSA 7 Batamindo 7 GWShM 9 H« Sun Hup 8 Bayswater 7 8 hZ 3
      231 words
    • 25384 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar W Voya* Tafcpfcon. ETA ETA Advartls* V„srf Voy*. T^phona SIN Dast n Nam« Mam* Number NumOar SIN Dasln Nam# Nama Numbar Numtiar To BARCELONA (BCN) 2042 A Spain lb ABIDJAN (ABJ) 2003 s/oi 07/02 Triast.no ever govern oi*5-otow 45-*****35 Ivory Coast. Cote
      25,384 words
    • SHIPS IN PORT
      • 596 43 Veuel Voy Mo Btftli Arrival Dcpartiir* St Hid Gt6 $7 *****7 J01 alongside M.01/1900 Carina 2 9716 J13 alongside 14.01/0800 Et OfhAor 7 73 J10 alongside R01/2000 Gl) 0ftsfior*3 OS7M1 J13 Jongs* 14.01/0700 Grace! 27/97 J12 alongside 5.01/0800 Haciarifkapt 4 J04 alongside 14.01/1800 Inter Marne *****7 J12 alongside
        596 words
      • 1717 43 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booking/Manet ftstls Ship Voy Wo Ett/Btr Ptilod From To From ka IMum OUA 15/12M U M/BM M/851 M/HM ta *m ton M/as* 5 nrao» m/mj m/hm M/HM M/851 M/1M0 U 14/1700 H/0*51 B/OMO a M/I7M 15/0651 B/OMO B/OTOO 8W B/MM
        1,717 words
      • 216 43 Jan IS Japan: Adults Day. Jan 19 United States: Martin Luther King Jnr Day Washington's Birthday holiday. Jan 26 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
        216 words
      • 892 43 THIS report compiled by Cockett Marine Oil Ltd. show* price ranees in US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average-slxed stem. Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        892 words
      • 382 43 Cart* ISO Mai 989 8 0.4 K.4 0.14 57 0.05 JMl OMdtT Mar NtMw Art AJumMwb SHaiH Mo abOM £25 0 0 2 2 0 0 %H/H 380 Am 984 9 0J Q.l 0.07 28 0.02 Cm 390 Mai 990.6 0.7 17.4 0.13 67 0.06 —a
        382 words
    • AIR & LAND TRANSPORT NEWS
      • 430 44  -  Rise in Asian exports expected, company will continue to expand in China By] Marcus Hand [SINGAPORE] International freight-forwarder U-Freight is positive about the outlook for the coming year despite the economic crisis and will continue expanding its operations in China, a
        430 words
      • 251 44 AFP [NEW DELHI] Hyundai Motor Co launched a new mass-mar-ket car here on Tuesday in a bid to become the top vehicle manufacturer in India. Mong Gyu Chung, the chairman of the South Korean company, told reporters at the world premiere that
        AFP; AFT  -  251 words
      • 286 44 Bloomberg [ATLANTA] AirTran Airlines rebutted accounts of new safety problems at the carrier, hoping to minimise the damage to its comeback effort. Joseph Corr, chief execu- tive of the carrier formerly known as ValuJet, said the Federal Aviation Administration (FAA) already has dismissed
        Bloomberg  -  286 words
      • 491 44 Vice-chairman says Ford will stick to its USslb investments Reuters [KUALA LUMPUR] Ford Motor Co believes Asia will overcome its economic troubles to become the world's biggest vehicle market, and hopes soon to announce the opening of a new plant
        Reuters  -  491 words
      • LOG Book
        • 68 44 Reuters [NEW DELHI] Indian car maker Tata Engineering and Locomotive Co (Telco) will launch its five-door sports utility vehicle, the Safari, today A company statement on Tuesday said the Safari is powered by a 1948-cc diesel engine, weighs 2.5 tonnes, and comes in a two-wheel
          Reuters  -  68 words
        • 87 44 AFX-ASIA [HONGKONGJ China National Aviation Co Ltd chairman Wang Guixiang said the company has been in talks for possible acquisitions of aviation related businesses, such as air cargo and catering, the Hongkong Economic Journal reported. Mr Wang said a delay for the opening of the
          AFX-ASIA  -  87 words
        • 97 44 Reuters [LONDON) British Airways said it was cutting some of its air feres to the lowest for a decade with the launch of its new year World Offers sale of surplus seats in Britain. The seasonal sale covers 120 destinations with discounts
          Reuters  -  97 words
        • 78 44 Reuters [PHNOM PENH] Bangkok Airways has begun direct flights from Bangkok to the northern Cambodian tourist town of Siem Reap. It is the first carrier to take advantage of Cambodia's new open skies policy. Siem Reap is home of the 10th-l3th century Angkor temples,
          Reuters  -  78 words
      • 257 44  -  By Felix Chan (SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale) has exercised options for two additional Airbus Industrie A32os. It now has 14 firm orders 13 A32os and one A 321 and options for 10 more jets from the A 320 family. Deliveries are
        257 words
      • 325 44 Dutch govt approval sought for increasing flights to 400,000/yr Bloomberg [AMSTERDAM] Airlines may be offered more takeoffs and landings at Amsterdam Airport Schiphol after a govern-ment-sponsored study found flights could be added at Europe's fourth-busiest airport without much extra noise, Schiphol said.
        Bloomberg  -  325 words
      • 295 44  -  Byy Christopher Tan [SINGAPORE] Toyota Motor Corp, Japan's No 1 car manufacturer, has committed US$24O million (*****.8 million) to expand its facilities in Wales, UK in a move that is expected to double engine production there. According to a statement from the Welsh Development Agency, the
        295 words
      • 1709 44 orr njcwr m maw o» .T cyni nn r FraaMwt $0325 1535 Of05 2220 W778 1645 S0326 2355 iJS SS flf> WO UffTf 239* kmtbrtam HL843 0550 IU838 2335 *91—9®. r,„ "r: rac $0003 wo C2352 o«35 0125 0700 0126 2355 \T„ S025 0T00 S026 2355
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  • Page 30 Advertisements
    • 751 30 MNQAPORE CAUFOWBA EXPWMB (DWBCT FHOMW EST COAST) IQULF KARACHTEXPW EBB (C *OQ "vbs£ ["voir oak van sia I u Isw vissa vot ju on oah kaa ca rto sm NOISFMB HWSS2 I 27/12 05/01 22/01 DUOAIOAY 221 02/11 04/01 OS/01 00/01 15/01 10/01 20/01 QCStfUUMT 12WS01 03/01 10/01 20/01 NYKVMGO
      751 words
    • 643 30 Lnes services represented Members of the [2e@e-l t>Y Members erf the Registry ct Singapore Forwarders Accredited Shipping Agents, Association \gm Singapore Shipping Association r Just talk to us... Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Japan -2 x Hongkong -1 x Manila •1 Kooshiung, Kaolung (Accepting FQ to
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  • Page 31 Advertisements
    • 1089 31 PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA lAX/HOU Ivtssa VOY PKL IsNflA IsWETP |UU OHL MB* CM WW Ml HOU NOR «A APIJAMN 0211 05/01 07/01 01/01 23/01 27/01 21/01 21/01 W/01 29/01 21/01 2S/01 30/01 JKfOKA 02iT"iW 14/01 15/01 30/01 03/02 04/02 04/02 05/02 05/02 04/02 04/02
      1,089 words
    • 2292 31 OHANJIN SHIPPING USA CANADA* mva/voT |im umhmm/vot su nw km rot oi Isp m off [~~si nt mm yv* ru m M.WBBIW7I u/oi u/oi m/w 07/w w/w w/w w/w w/w 10/w 11/w 11/w n/w ~u/w~ w/w u/w 12/w H. HOMO KOMG OX n/01 M/ 01 13/W 14/07 IS/W IS/W U/W
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    • 1465 32 DSR-SENA TOR Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT |VOY tsiN LfH ATM ANT HAM IMV FU II VESSEL I VOY l-lfH FU I HTM IMV I HAW S*_ HAHJM TOKYO WMO3 uTS" »1 #2 03 02 04 02 OS 02 06 02 07 02 MRIIN SENATOR EIO7O
      1,465 words
    • 1130 32 MY Internet Web Site http: //www.yml.com.tw MUM** v < rrrwrmirTmTmwxmrmrimmmMAni\miinin\immiuvi\Ai ARRIVAL R«Ooaytuesoay VESSEL VOY L£M FXT HAM AMR HFA SIN PAX 02/A74BE SLO SID SLD SID SLD 21/01 GIBRALTAR BRIOGE 81/A749E SLO SLD SID SLO SLD 27/01 MED TAIPEI S3/47S0E SLD SLO SLD 15/01 24/01 07/02 MING MOON A7SIE 14/01
      1,130 words
    • 485 32 LINE TIL: a«!34S« PAXt ISUIII 1 MUARA 1 1 LABUAN 1 vissci vot no iu vissa vor n» n» SfOtl MUARA VOU LM j. wosro vox/9t is/ei 11/01 i rtosra van/* is/oi m/m AmaORY VO2l/94 19/01 22/01 AfMGUXY VOB/N 19/01 23/01 inosra vox/ft 24/01 27/01 j.msrat vox/* 24/0120/01 Aflttaonr v
      485 words

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    • 955 33 MANTBYFOUN PJL-1207 08/01 19/01 HANTAKNTI PJL-12M 14/01 22/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO lIEJIIP jjMjWJMflflNlfi? ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS. BIK AGENT X SINGAPORE AGENT 1 MALAYSIA gggigyggggLs^sssr 8 0 s^ssssr^ MARMA HOUSE. SINGAPORE *****8 ***** PWTKLANG, SELANGOR MALAYSIA ****** TELEX SMSSNOM ***** TEL: 03-*****97/03-*****57
      955 words
    • 1608 33 CARGO TO/FROM 1 pM|WO# ft KUMWU I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) TTWSOTTSIORH^ COSTAft SHIPPING PTE LTD #i;-o« ots mm sales/mgs *****41/43 inward dot <d/oj *****85 COSTAR AGENCIES (M) SDN BND lat NO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHfMT
      1,608 words
    • 490 33 I inn EASHRN CM UNER, LTD.'^'SHr 1 KL (SIHGAMWE) m ITP SPECIALIZE IN ROUP HEAVY UfT UPTO 122 TOWS Ed (SMGAFOtt) FH 01 LOADING FOR JAKARTA/SURABAYA PORT lOANG/MAMA MV "CORAL HERO" V.SA MV "ABLE LIEUTENANT" V.6 ETA SIN 23/oi?98 21/01/98 ETA PKL 26/01/98 wSIOI /02/98 PORT KLANG PORT KLANO/MUARA MV
      490 words

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    • 1072 34 BIBOPtAX/SCAIIOimVIA/fimAItOiWUSSW rifiTl RDM ANW H6G THP ZEE LHV LHV TOP ROM ANW H6G PKL IMP f niMn 17 MM 11*2 07/02 04,112 10/02 11/12 E. QUEST RE-002 23/12 28/12 21/12 16*1 F DFCFMT 24*1 13*2 IMB IMB IMB 17/02 16*2 E. GENERAL RE-067 36/12 26/12 31/12 62*1 26*1 27*1 E'
      1,072 words
    • 882 34 MN CWnl LINES, INC ~KVV~J mmummnmrnm «BO:W3i«i7t LJ\/ > PENAJ4G: (04)*****36 BANGKOK; 982)*****57 SURABAYA: (31)291M0 P.KELAMQ:tk)»«»n JCT (21) 01)544«S TYO/YOK/OSA/UKB I USA MV "SEA RANGER" V.N534 MV "HANJIN WIIIMINGTON" V.002E ETA SIN: .7-1-98 ETA SIN: 20-1-98 ROTTtRDAM/HAMBURG AUCKLAND MV "PUNJAB SENATOR" V.WNBIO4 MV "NYK PROVIDENCE" V.O3S ETA SIN: 21-1-98 ETA
      882 words
    • 452 34 NANTAI LINE PUUY CONTAINERISED SIRVKE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SI I Ptu I BW I CPT I i/uT m(tti rtuxES om n/oi 07/02 n/w mm QUffl) 025S 2S/01 02/02 Qi/02 W/W mkim oo3s 04/0? it/w 20/02 MBMjjMjjOM 004S W/02 H/02 24/02 21/02 ■jjjMWKE 020S 14/0? 03/03
      452 words

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    • 532 35 MYANMA «HBk FIVE STAR LINE h r (Myanmor National Liaa) W W Loading far Yaagoa (Raafoaa) VESSEL VOY SW KG PE* PGM T HAJO4A *11 MPT I SAGAMG 51W 14/01 I MALAYSIA AGENTS: MUSIUO SHIPPING AGENCIES 11 RUI: m 02-03-*****00 Pitt: TEL 02-03-*****01 M KM: TU 02-04-2****** PGO: TU 02-07-2512J21/4
      532 words
    • 964 35 A HYUNDAI MERCHANT MARINE CO. UP, SS voT 'SI Iflt IT* I AKT I HA* I*l I fTH IVISSII VOY lIH I 0»E I HAX I Ffl AgT_ Tl I, I HY FtMRAi JO7W ii/oT "mTmISTm 00/02 00/02 00/02 11/02 HY MGHNESS 300E 25/12 20/12 20/12 30/12 30/12 01/0 111/0
      964 words
    • 612 35 am rtorwrngan ipaooftwri outooomen Q)©c3(§](3 TO NORTH AND LATIN AMERICA IVISSft VOY RAMP HEIGHT 51* LAX CRI IMA SAV lAI ORF [~SrC IKW MOO THAS FOO2 460 Urn AJM WOKf 10/Ol U/0* 21/02 *3/02 WoT 24/02 *7/*2 WOT *7^" TOOA FOO3 4001 MS AJM N/01 25/02 05/03 01/03 10/03 12/03
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    • 994 36 »AMOKOK/LAII CHABAHO J AK ART A/P AHJ A HO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 366N8 In Pt 18/01 XETHA BHUM 2238 In Pt 17/01 DANU BHUM 020N 18/01 21/01 20/01 XETHA BHUM ***** In Pt 17/01 DANU BHUM 020NB 17/01 21/01 20/01 ANAN
      994 words
    • 364 36 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD. SINGAPORE 0206 TEL: *****68 RAX: *****04 TIX R*****5 S4NMER Wtm CR No: **********0W Receiving Caryo at PTI Blntulu I I Wuam vtssn voy «h mi I Mart VTOTf lUVN 2VOI &«*d VWO2! 17-11/01 22/01 ISena V ***** 25-25/01 01/02 MPwri W6o2f 23
      364 words
    • 727 36 A ACCORD A SHIPPING PTE LTD M±S m: *****15 (40 Line*) FAX: *****30 MtULUK (*3>M7I*I /g M DMtCCT ACCESS Til I *****55 (EXPORT SOOtONO) MSRMMW (47)SSI \VI *****94 (EXPORT DOC), *****39 (IMPORT) PSMM 1*4)*****) URUHTTP://WWWJ4CCORO.COM.SO MUID t (tl) 44$ VJ9 POiT HI SIM PO«T m SIM POtT ITA Mil EO«T
      727 words

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    • 383 37 INDONESIA NATIONAL LINE TO EUROPE H jXPWESS SBWB-COWTAttIERISgD SERVICE m VOY I S PORE A'DAM/ft'DAM H BURG IREMIN ANTWfRf A. VESSEL «Winmi 27/2 1/3 OMIT 5/3 TO AUSTRALIA "T FULL CONTAINER SERVICE voy_ mPST m m sro m. hm to. m HASUGAI VMS MVIIMI 21«1 2MI 2MI 01« PtoICDUOYDBAISBANE VMS
      383 words
    • 990 37 ADVANCE CONTAINER LINES (PTE) LTD A A I Z .140 Cacß Street, #12-00, PIL Building, Singapore *****0 Li TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********06 OPERATIONS: *****60/ *****05 BANGKOK. JAKARTA (S SalllngWeek to PAT) (5 SaiiiH*/Wo«> vKsa I m I w I DAMJ BrtJM OMN> 17/01
      990 words
    • 864 37 VESSELS VOY 'gN JED I MLA LEH HAM THP RTM ZEE VU-E tyOWON Y23W ZWI 2MH 02/02 07/Qg 08/Qg WW Ittjg 11/08 VtXE DC TANYA TMW 27/01 QVO2 08X02 16/02 17/02 18*2 Wtt 20(02 VH£OCMMKMA V23W 02/02 11/02 IMB 21/02 22/02 24/02 24/02 27/ OB VXE PAOUAWUS U24W WW WW
      864 words



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    • 43 40 To retrieve more schedules, just follow these simple steps... document f)ial 740-6000 8P be faxed your Step key in the four number c °d e I Key in your Exampte: fax number To NEW YORK (NYQ) 2275 United States for calls within Singapore
      43 words



  • Page 43 Miscellaneous
    • 128 43 LEGEND: R Thunderstorm Temperature c A V Shower Weather Wmd direction with speed m knots ee Rom V.^ Cloudy Sky Wav Swrface winds are indicated by arrows which Hy with the wind One hJ circle represents calm or bght and vonaWe wind, i— One holf Heche represents 5 knots L*
      128 words

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    • 64 44 MV "YUKARI" VOY 10 ARRIVED 9 JANUARY 1998 MV "ESPERANZAACE" VOY 109 ARRIVED 9 JANUARY 1998 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 16 January 1998 0900-1200 hours at PT9. No further survey will be entertained
      64 words