The Business Times, 21 January 1998

Total Pages: 40
1 40 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet http://www.asial.com.sg/bi2times WEDNESDAY, JANUARY 21,1998
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  • 583 1  -  Sharp hikes in eaiatal requirements, new deposit msannce scheme, bank morgan Reports S N Vasuki in Jakarta THE Indonesian government will unveil sweeping new reforms in the banking sector that will sharply increase minimum capital requirements of local banks, establish a new deposit
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  • 515 1 PRESIDENT Suharto yesterday indicated his willingness to serve a record seventh term and hinted that his choice for vice-president will be State Minister for Research Technology B J Habibie. As Mr Suharto's re-nomi-nation was regarded as a foregone conclusion,
    Source: Bloomberg; AFP  -  515 words
  • 350 1  -  From i Conrad Raj in Bangkok THE region's financial and stock markets are lacking in confidence and investors are uncertain about when to invest in South-east Asia because of political reasons, Senior Minister Lee Kuan Yew told Thai Prime Minister Chuan Leekpai
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  • 567 1  -  Ilnffibn —i rf exports 13%; fall force of regional crisis yet to be felt By Audrey Tan [SINGAPORE] The ftill impact of the regional currency crisis has yet to show up in Singapore's trade figures, but indications are that electronics exports will
    Source: TDS  -  567 words
  • 180 1 TbotiPilMukrg fainfiil crisis, U&tmd tits Reuters [SINGAPORE] Prime Minister Goh Chok Tong and his Malaysian counterpart Mahathir Mohamad met yesterday to discuss Asia's financial crisis, a spokesman at Mr Goh's office said. "They discussed the regional currency crisis and bilateral relations," the spokes- man
    Reuters  -  180 words
  • Page 1 Advertisements
    • 85 1 The turmoil hi Asia has lopped US$2SOm off Citicorp's Q4 pre-tax profits. J P Morgan and Chan Manhattan also reported that the Asian tumult is hurting their Q4 earning* Singapore Airlines is tlfcß screws on travel asms wbo iMc&cl&tG Airiiuß H I' World No 2 Pat Rafter rode a wave
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    • 6 1 Who'll be Suharto's running mate?Pg 6
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    • 67 1 Diabolo de Cartier pen Hand-crafted 18 carat gold nib. Five different widths of nib. Prices range from ***** 0 at Ui m z c 1 I THE ART OF BEING UNIQUE Cartier boubque/ Singapore Millenia Walk, #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01 -11,
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  • SINGAPORE AT HOME & ABROAD
    • 501 2  -  100 agents slapped (with penalties of op to $200,000 for ticket tampering By, Ang Wan May SINGAPORE Airlines has decided to get tough with travel agents for backdating airline tickets, a common practice that has been in operation for at least
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    • 213 2  -  By, Audrey Tan IS Singapore overly dependent on electronics exports? The Trade Development Board's director of trade policy Chan Kam Fai does not think so. "It merely reflects the fact that electronics industries are the high-growth industries right now... We have look at
      FILE PHOTO  -  213 words
    • 533 2  -  Sold: 7 HKSE seats, back-room offices, research teams By\ Siow Li Sen IN the latest acquisition of battered Asian assets by cashrich global financial institutions, US-based Prudential Securities Inc will buy over the units of Thai-owned Nava Securities in Hongkong and
      533 words
    • 397 2  -  By Toh Han Shih DIGITAL Audio Broadcasting (DAB) which promises to revolutionise radio services— will be available in Singapore next year. Lim Hock Chuan, who is the chief executive officer of the Singapore Broadcasting Authority (SBA), announced at a seminar yesterday
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    • 325 2  -  E7E ON THE ECONOMY Outlook By 1 Teh Hooi Ling SINGAPORE'S trade deficit is likely to balloon to US$2.B billion ($4.9 billion) this year, according to the consensus forecast of 16 stockbroking firms last December. The figure is double the forecast of a US$l.4
      Source:  -  325 words
    • 243 2  -  By< Carol Eng IN WHAT will be its first full-fledged international presence, US-based Johns Hopkins Medicine yesterday signed a memorandum of understanding (MOU) with several Singapore partners to set up a company that will provide medical research, education and direct healthcare services. Key to
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    • 197 2 THE rest of local banks OCBC Bank, Overseas Union Bank (OUB) and Tat Lee Bank yesterday joined the latest prime rate hike, while national savings bank POSBank is upping its savings deposit rates. POSBank's rise in savings rates is usually a precursor to a
      197 words
  • NEWS Roundup
    • 99 2 TOE Singapore Tourism Board is spending )8 million to jJtiMgjjjpiore meetings, incentives, conventions and The board hopes to achieve revenue of $2.4 om this high-yield sector at the end of a tmw-year, global marketing campaign in 2000, said STB chief executive Yeo Khee
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    • 46 2 i. DEPUTY Prime Minister Lee Hsien Loong yesterday launched research institute Kent Ridge Digital Labs, fJbnnad from a merger of the Information Technology Institute and the Institute of Systems Science. The new entity has more than 400 research scientists and engineers.
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    • 45 2 NTUC Income yesterday reported double-digit growth in ijs assets and premiums in 1997, which Income officials describees a "moderate year". Total assets rose 19 per cent to $3JS billion while total premium income surged 24 per cent to 9926 million.
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  • Page 2 Advertisements

  • Page 3 Advertisements
    • 467 3 The Trust that aims to help you make the most of your CPF has hit home. ••< 1 Introducing the Five Arrows Southeast Asia Special Situations Trust i Your CPF. It's every Singaporean's hard-earned savings and you It' B an investment deserve to make the most of it. Rothschild Asset
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  • MARKETS IN TURMOIL
    • 393 4 AFP (KUALA LUMPUR] Asean central banks are developing a mechanism to trade in their own currencies following the collapse of regional foreign exchange rates against the US dollar, a report said yesterday. "They are thinking of a net settlement system where
      AFP  -  393 words
    • 505 4 Comment comes after HMDf chicf ITsian credit is growing too quickly Bloomberg Reuters [KUALA LUMPUR] Malaysia's interest rates may have to rise further in a bid to rein in credit growth, Finance Minister Anwar Ibrahim said. "There is certainly the possibility of an
      Bloomberg; Reuters  -  505 words
    • 420 4 HSBC-led group Joins Italian, French, US banks in effort Reuters [LONDON] British banks have joined international efforts to ease the financial pressure on South Korea by rolling over to the end of March shortterm debts owed by the country's banks. HSBC
      Reuters  -  420 words
    • Article, Illustration
      43 4 [SEOUL] A resident of Seoul writing the letter? IMF, for International Monetary Fund, into the snow on the bonnet of his car yesterday. For many South Koreans,firigid temperatures in recent days have mirrored the harshness of the IMF bailout programme. REUTERS
      REUTERS  -  43 words
    • 374 4 Mew York talks on debt restructuring set to begin today AFP Reuters [SEOUL] President-elect Kim Dae Jung yesterday warned South Korea's giant conglomerates to clean up their act, and fast, as tough labour unions conceded for the first time they would
      AFP; Reuters  -  374 words
    • 332 4  -  By\ Siow Li Sen [SINGAPORE] The regional financial crisis can only be resolved by a bail-out from the G-7 countries because the International Monetary Fund is too small to cope, said Londonbased Cross Border Capital, an asset allocation adviser. The
      332 words
    • 143 4 Bernama [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday urged women to help ease the inadequate capital faced by the country by selling their jewellery and depositing the proceeds in banks or investing them in local funds. He said the money could
      Bernama  -  143 words
  • Page 4 Advertisements
    • 100 4 </> WITH A DIFFERENCE We odualy measured our rooms 0 ond discovered that ours on q probably one of the most spoaous youlgetat to make it an even bettw offer, we component it with: Welcome Drink Coffee/Teo making focities CP Hours ifrhouso video Newspaper Swimming Pool usage Subject to 10%
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    • 37 4 "Cats' Mews introduces a lot of interesting courses for people of all ages. Other than my own interests, I keep a look out for those that will enrich my son's development.'' j4*9 Tan, mother of an 11-year-old
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    • 27 4 QJVY 1 No 1 OFFSHORE COMPANY SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA Tel (65)*****82 Fax (65) *****91 OFFSHORE WITH CONFIDENCE
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    • 80 4 RKfcAVOLD JUNK 1 IAwW ANTIQUE 14 -JyiREASURES? I %Q 11 V™' could just be old, ugly and Iv 1 .1 1 jl worthless, but an antiques collector could I V) i H take great delight in them. (And be willing I 1/ 1/ to pay a handsome sum!) y So
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  • FOCUS: MONEY MATTERS
    • 1136 5  -  But while most Asian markets are recovering, Indonesia continues to be the wild card By Larry Wee [SINGAPORE] After Asian fin a n c i a 1 markets started 1998 by plunging into what looked like a hopeless abyss, a US offensive led by President Bill Clinton
      Compiled by BT; Source: Morgan  -  1,136 words
    • 474 5  -  TeU9 \SSwm Family-controlled corporates present ratings challenges By l Cecile B Saavedra The writer is managing director, Asia Pacific, for Standard Poor's [SINGAPORE] In our series assessing the credit quality of Asian borrowers, we conclude by focusing on financial and legal considerations, as well as
      474 words
    • 354 5 Don't bottom-fish yet WHILE credit premiums in the region have widened dramatically and currency falls have overshot, we do not recommend bot-tom-fishing. Our central scenario is for more currency and asset price weakness in early 1996. Volatility will remain high, while market liquidity will be limited by the cutting
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    • 331 5  -  Compiled by Larry Wee Sources: Deutsche Morgan Grenfell (DMG), Independent Economic Analysis (IDEA), JP Morgan (JPM) and MMS International United States Today: November US trade data due today may not yet show any sizable impact from weaker Asian currencies, analysts feel. But it'll rise into double-digit territory
      Sources: Deutsche Morgan Grenfell (DMG), Independent Economic Analysis (IDEA), JP Morgan (JPM) and MMS International  -  331 words
  • Page 5 Advertisements
    • 121 5 rt^ another fine example of the cuisine that was awarded 4.5 stars out of 5 by The Sunday Times. From a restaurant that was rated 8 out of 10 by The Business Times. One minister has even said that our restaurant was one of the best he has visited in
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  • FOCUS
    • 1269 6  -  All eyes are now on who the Indonesian leader will choose as his vice-presidential candidate By\ S N Vasuki [JAKARTA] PRESIDENT Suharto yesterday accepted the ruling Golkar grouping's nomination to serve a record seventh term in office, stating that he would "honour" the public demand
      Compiled by BT  -  1,269 words
  • Page 6 Advertisements
    • 105 6 In the January/February issue of Directions and Greener -miM the latest issue of Directions we explore efforts by the Government, firms and organisations to save our ailing planet. We also meet Anita Roddick Body Shop founder as well as K.S.Thakral, the head of a $2.1 billion empire; journey into the
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    • 428 6 BUSINESS Offers To advertise call toll-free 1800-741 IXB3 BUYit SELL FIND?; Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 l i mi 1800*737-1166 E3 (•II t*4«r f»i Tmmw fr
      428 words
    • 331 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LONG HENG HUNG PTE LTD (Incorporated in the nopuoiK, or dtngaporv) (Members' Voluntary Winding-l>p) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street •11-15 People's Park Centre
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  • REGION
    • 476 7  -  BANGKOK It will assume viable remains of 56 finance firms that were shut down in Dec Reportsby] Harish Mehta THAILAND set up a new state commercial bank yesterday which will play a pivotal role in the restructuring of the country's
      476 words
    • 589 7  -  ASIIJV YIBW Indonesia needs an orderly and stable transition at the top By Yang Razali Kassim AS expected, and despite the rumblings on the ground. President Suharto has accepted a re-nomination for a further five-year term. If he gets re-elected, he will remain in
      589 words
    • 362 7 BANGKOK Port planning to rftm minimum investment from 25m to 100 m baht THE two-month-old Chuan Leekpai government is considering raising the proposed investment amount that foreigners must inject into Thailand before they are allowed to buy land. Deputy Interior Minister Wattana
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    • 76 7 J AKARTAJ Indonesian President Suharto's eldest daughter Siti Hardiyanti Rukmana better known as Tutut, smiling at photographers after handing over 2.1 kg of gold jewellery to Finance Minister Mar'ie Muhammad (centre) to be donated to the government at Bank Indonesia's building in central Jakarta
      AFP  -  76 words
    • 134 7 JAKARTA Reuters ABDURRAHMAN Wahid, leader of Indonesia's largest Muslim group and a prominent government critic, underwent brain surgery after suffering a stroke, the official Antara news agency reported yesterday. An official from Mr Abdurrahman's 30-million strong Nahdlatul Ulama organisation would only say that the popular
      Reuters  -  134 words
    • 427 8  -  TOKYO US buoyancy doesn't mean it will tolerate widening trade gap From. Anthony Rowley THE recently-appointed US ambassador to Japan, Thomas Foley, yesterday warned Tokyo not to make the mistake of assuming that Washington will tolerate the growing USJapan trade deficit for as
      427 words
    • 51 8 [BANGKOK] Rana Pugenyeta settling into a chair madefrom a weed (water hyacinth) which has proven to be an environmental disaster in her native Thailand. The furniture collection was introduced for the first time on Sunday at the Furniture Show at the National Exhibition Centre in Birmingham.
      AFP  -  51 words
    • 270 8 BEIJING Removal of tariff exemption blamed; actual investment np AFP PLEDGED new investment fell sharply in China last year despite a moderate rise in total actual foreign direct investment, the China Daily reported yesterday. Projects contracted or pledged by foreign investors fell
      AFP  -  270 words
    • 296 8 TOKYO Demand slowdown spreading to jobs, incomes, production Reuters IN A sign of growing official recognition that Japan's economy is in trouble, the Bank of Japan (BOJ) said yesterday thartfte economy was likely to remtip stagnant for a while and was vulnerable to
      Reuters  -  296 words
    • 268 8 TOKYO Bloomberg JAPAN'S ruling Liberal Democratic Party and its two parliamentary allies have suspended "for the time being" plans to break up the Ministry of Finance, a move that was once one of Prime Minister Ryutaro Hashimoto's top priorities. The parties decided to
      Bloomberg  -  268 words
  • Page 7 Advertisements
    • 127 7 o MONT° BLANC In times that are changing ever faster, we need things which preserve the moment. |r Meisterstuck Reserve de Marche gold, mechanical clock-work, winding, manufactured the tradition of Swiss craftsmanship. J MB M ~*:1 B Jb JBr AV^BRmK^^ w h f S^S 1 T^r a THE ART OF
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  • Page 8 Advertisements
    • 777 8 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 now extends to rather more than novel gentlemen have roamed on this Earth, a set rainforest backdrops. writing.
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    • 79 8 KEPPEL FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Pursuant to Article 23(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Pte) Limited, 4.48% of the Company's issued
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  • THE WORLD
    • 501 9 WASHINGTON The reasons influx of cheaper Asian goods, weaker American exports to region Reuters A WASHINGTON think-tank has warned in a new study that more than one million Americans could lose their jobs as a result of Asia's
      Reuters  -  501 words
    • 49 9 [LA PAZ, Bolivia] Joel, 4, polishing shoes at a central plaza in La Paz. The government announced on Sunday that half a million children in Bolivia form a street workforce. The World Bank estimates that 7per cent of Bolivians live on US$l a day. AFP
      AFP  -  49 words
    • 384 9 DOUGLAS, Isle of Man UptoUSssoob stashed around world, says lawyer Reuters UP to US$5OO billion (SsB7B billion) in dirty money is hidden offshore around the world and barely a tenth of that is ever recovered, a leading lawyer said yesterday. Money laundering has become
      Reuters  -  384 words
    • WORLD Watch
      • 74 9 AFP [BAGHDAD] Iraq and the United Nations have agreed to convene a meeting of experts from the five permanent members of the UN Security Council and Germany next month to assess progress in the disarmament of Iraq, the official news agency INA said yesterday.
        AFP  -  74 words
      • 66 9 AFP [LONDON] Britain's Conservative Party leader William Hague said yesterday that any money the party had received from illegal sources would be returned. He was being questioned by reporters here after revelations that the party had received £1 million (552.9 million) from a Hongkong magnate
        AFP  -  66 words
      • 80 9 Bloomberg [HALLE, Germany] European nations participating in the planned single currency can still supervise financial markets on a national level, Bundesbank president Hans Tietmeyer said yesterday. The quality of supervisory standards will have to be on the same level Europe-wide to make this possible,
        Bloomberg  -  80 words
      • 60 9 AFP [PARIS] Palestinian leader Yasser Arafat and World Bank president James Wolfensohn was to sign yesterday an agreement to set up an international investment fUnd for the Gaza Strip and the West Bank. The Peace Technology Fund combines the World Bank's private sector agency,
        AFP  -  60 words
    • 264 9 US Ways Means committee chair calls for tax cuts WASHINGTON Bloomberg US HOUSE Ways and Means Committee Chairman Bill Archer yesterday called for cutting taxes, slashing government spending, reducing the national debt and eliminating the 18-month-holding period for capital gains. The Republican from Texas said federal taxes should be cut
      Bloomberg  -  264 words
    • 424 9 BEIJING Breakthroughs include pledge not to sell cruise missiles to Iran Reuters US Defence Secretary William Cohen, winding up a visit to China, yesterday cautioned against over-blown expectations of a military warming and said his visit had achieved "modest but steady"
      Reuters  -  424 words
    • 353 9 LONDON AFP THE Bank of England is launching a campaign to persuade the world that London should remain the financial capital of Europe even though Britain will not participate in the launch of the single currency next year. The new deputy governor of
      AFP  -  353 words
  • Page 9 Advertisements
    • 136 9 'i ere's another fine example of the cuisine that was awarded 4.5 stars out of 5 by The Sunday Times. From a restaurant that was rated 8 out of 10 by The Business Times. One minister has even said that our restaurant was one of the best he has visited
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  • EDITORIAL & OPINION
    • 772 10  -  THE BOTTOMLDIE OPINION By Lee Yoke Har The writer is an Auckland-based journalist who contributes to BT NEW ZEALAND'S quest for a free-market economy is again facing rough weather. The latest storm is over the way to price road usage efficiently.
      772 words
    • 115 10 'I don't find it particularly profitable to say: Let's go sacrifice somebody.' -PhilGoodit chairman and chief executive at Boeing Co who sees no immediate need to dismiss any managers because of the production problems that are costing the company US$2.6 billion (554.55 billion) in pretax charges in
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    • 630 10 EDITORIAL Education has always been a crucial factor in Singapore's success. There now seems to be a new determination to view it as the means to an even higher end in the difficult times that might lie ahead. This is laudable, but moving beyond academic
      630 words
    • 1140 10  -  Exchange rates may hold but only for a day, a week or a month By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in Los Angeles Times LATWP AS I write, the financial crisis that began in
      LATWP  -  1,140 words
    • 837 10 Ruplah stability Tttal INDONESIA is facing a great dilemma in implementing the reinforced economic reforms agreed upon with the International Monetary Fund last Thursday. The crux is that a persistently volatile and weakening rupiah would make it next to impossible to implement the 50-point package of
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  • Page 10 Miscellaneous

  • Page 11 Advertisements
    • 793 11 —111 I Citek what's im ia Im'l Mitt it it Siidaf Clmifitd tkii wtikt«4. JU r SMAfpft/ W [c^J Where to wine, dine and entertain... l^g^sis p w m *mW Toast in the year of the Tiger with free Tiger Beer and free Yu Sheng at our Fatt Choy Reunion
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    • 162 11 [jjl 5J 3 A fcMrinf y\uvyur CdtirAtm 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. tsr* J 333 Orchard Road. Singapore 23M67. Tel *****11 |L— a EEBJ
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  • Page 11 Miscellaneous
    • 787 11 TV&RADIO Premiere 12 4JO Petticoat Junction. IL3O TV Innovations. Mi\ M (>j 8.00 TV Innovations. L3O AM Close. 2*22 PMT.Y ,nnovatlons 0.00 See Thursday's Sched- HHE&T77 2.30 The Winners. Tfl JBf 3.00 Money, Money, Money. Vyß 340 Tech 2000. flhftKMlft 12.00 NN 4.00 KidzßUtz: Sesame Street. &00 AMTheßorgman. BiSneSS Hari
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    • 161 11 CRVPTIC CROSSWORD junrtion^ 00/ DOWN 9 Charming marriage after YESTERDAY'S SOLUTION 1 Fairly splendid end? (6) her magical intervention IMM M M INI mm I 2 Optimistic gesture from con- K c "H"fl u H A H A M u n*n c ductor (6) caustic about sound sci- nioinieiniti i
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  • EXECUTIVE LIFESTYLE
    • 802 12  -  Eric Khoo and Ong Keng Sen are Singapore's representatives to a theatre fest in Hongkong that will test the limits of creativity, says bbn mumkoe BEN MUNROE Following the success of a multi-national theatre festival in 1997, well-known Hongkong director Danny Yung decided
      FILE PHOTO  -  802 words
    • 757 12 AUSTRALIAN OPEN Rafter also through bat Ivanisevic, Muster, Hemnan are first-rand casualties Reuters [MELBOURNE] Andre Agassi gained another small foothold in his climb back to the peaks of tennis at the Australian Open yesterday, leaving Thomas Muster, Goran Ivanisevic and Tim Henman as the
      Reuters; REUTERS  -  757 words
  • Page 12 Advertisements
    • 2104 12 VAN DER HORST LIMITED CERTIFIED TRUE COPY OF RESOLUTIONS PASSED AT A MEETING OF THE NOTEHOLDERS HELD AT SCHRODER INTERNATIONAL MERCHANT BANKERS LIMITED 65 CHUUA STREET, #36-01 OCBC CENTRE SINGAPORE *****3 ON THE 30 DAY OF DECEMBER 1997 AT 4.00 P.M. The following Resolution of the Noteholders of Van Der
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  • COMPANIES & MARKETS
    • 502 13  -  Cathay cinema chief ups stake in UPP, expected to raise holdings further By\ David Boey [SINGAPORE] The Soeryadjaya family's plans to buy Johanes Kotjo's stake in L&M may now hang in the balance as financiers continue to sell his L&M shares. Mainboard-listed
      502 words
    • 376 13  -  By Annette Pau [SINGAPORE] Sesdaq is los ing three of its more active counters to the main board Freight Links Express Holdings (FLEH), Kian Ho Bearings and Super Coffeemix. The three companies yesterday said they have received the go-ahead for upgrading to the
      376 words
    • 262 13 [SINGAPORE] Sing Tel Mobile has managed to attract more than 30,000 customers to its PCN network since it was relaunched as GSM 1800 two months ago bringing its total mobile phone subscriber base to above 600,000. Announcing this at the launch of the dualband
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    • 357 13  -  By\ Shiv Taneja [SINGAPORE] Although re-cently-relaxed Central Provident Fund rules now allow for unit trusts to be Invested in developed markets like the US and Germany, Rothschild Asset Management (RAM) has chosen to focus its latest fund on the bombed-out markets
      357 words
    • 1175 13  -  HOCK LOCK SIEW Anthony Rowley THE Japanese love of consensus is becoming part of history, or so it would appear from the bitter controversy that is developing between the government and management of the semi-privatised Japan Railways companies over the question
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    • REGIONAL COMPANIES
      • 713 14  -  Firm will receive Compensation of HKs6.7b cash, rights to hike local charges From i Quak Hiang Whai in Hongkong HONGKONG opened up its telecommunications sector •farther yesterday when Hongkong Telecom (HKT) agreed to give up its exclusive international licence eight years
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      • 177 14 AFX Asia {HONGKONG] Luxury retailer Joyce Boutique Holdings said it remains fully able to meet all its debt payment obligations and continues to have the full support of its bankers. In a statement, the company said that its total bank borrowings, except HK$lll million
        AFX Asia  -  177 words
      • 164 14 Bloomberg (SINGAPORE] Singapore Airlines said it has no plans to lay off or fire any employees, after rival Cathay Pacific said on Monday that it would axe 760 jobs in a cost cutting effort. "We are not thinking of retrenching any staff
        Bloomberg  -  164 words
      • 515 14 Four other counters linked to Baknn project too suffer same fate AFP Bloomberg [KUALA LUMPUR] Shares in Malaysian dam developer Ekran Bhd plunged by more than half yesterday as they resumed trading after a twomonth suspension prompted by government plans
        AFP; Bloomberg  -  515 words
      • 61 14 [TOKYO] For those who aspire towards James Bond-worthy gadgets, this might be just the thing. Mobile communications company NTT DoCoMo yesterday unveiled in Tokyo a new pager-wristwatch called "NEXT Zi:ks", a water-resistant watch with a vibrating pager that works even underwater. Bond wannabes can start
        REUTERS  -  61 words
      • 357 14  -  Bnt that's only a ballpark number pending audit: By Lu Ning [SINGAPORE] Despite the regional financial turmoil, China Everbright Holdings Co Ltd (HK) chalked up an impressive 10-fold jump in aftertax profit last year, its chairman Zhu Xiaohua disclosed yesterday. However, he did not
        357 words
      • 288 14 Bloomberg [MELBOURNE] Brierley Investments Ltd, fresh from reaping a A 5218.9 million (***** million) profit on its stake in Coles Myer, is looking for new Australian investment opportunities. Don Conway, general manager of Brierley's Australian operations, said the company sold because "we just
        Bloomberg  -  288 words
      • 260 14 (SINGAPORE) CarnaudMetal box Asia (CMB Asia) is seeking shareholders' approval for placing surplus funds with its new parent. Crown Cork Seal Co (CCS), so that it can get a better yield. The packaging company will also seek the green light for a
        260 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 560 15  -  Sectod firm to suffer tke fate in two weeks after it de&uilts on HKs39m payment From* Quak Hiang Whai in Hongkong HONGKONG'S C A Pacific Securities went into liquidation yesterday after declaring it would default on obligations worth HK$39 million (SsB.B
        REUTERS  -  560 words
      • 496 15 Otietrp nys tormal lapped USs2som«ff Q4 pre-tax results Bloomberg [NEW YORK] JP Morgan, Citicorp and Chase Manhattan reported that economic tumult in Asia hurt their fourth-quar-ter profits. "It was anything but a normal quarter," said Citicorp chairman John Reed. "The
        Bloomberg  -  496 words
      • 239 15 UwJipme taTOßufatUairt Bloomberg [TOKYO] Toshiba Corp said competition from inexpensive personal computers in the US and slow sales of air conditioners and other appliances in Japan have forced it to cut its profit forecast 83 per cent Group net profit for Japan's
        Bloomberg  -  239 words
    • FINANCE & COMMODITIES
      • 469 16 Hew group will rank with top Australian money manager AMP Bloomberg [SYDNEY] Lend Lease Corp and National Mutual Holdings Ltd said they have signed a conditional agreement to merge their life insurance and ftind management businesses, paving the way to create a
        Bloomberg  -  469 words
      • 162 16 Reuters [LONDON] British banking heavyweight Barclays pic is planning a sweeping internal reorganisation to bring its retail financial service to the fore, newspapers said yesterday. Chief executive Martin Taylor has written to the bank's 85,000 employees saying he plans to regroup Barclays' businesses into four global
        Reuters  -  162 words
      • 460 16 lfatals analysts pdM dte Asian turmoil ts biggest threat FT tVDON] This year's FinanTimes poll of metals analysts makes very depressing reading for producers. All the analysts are forecasting lower average copper and lead prices this year than in 1997. A big
        FT  -  460 words
      • 309 16  -  Both companies new control total of 80% of local insnrer By\ Soh Tiang Keng [SINGAPORE] Bradstock Asia a British-Malaysian insurance joint venture has joined hands with Singapore property and hotel group Hong Leong Holdings to acquire a majority stake in local-ly-registered Suntek Insurance Brokers.
        309 words
      • 208 16 SOKELReport Reuters {SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures eased yesterday on hopes Japan would ignite its economy with fresh economic stimuli, dealers said. March Euroyen futures was trading around 99.175 compared to its IMM close at 99.120 on Friday. Volume was at 5,050
        Reuters  -  208 words
      • 155 16  -  MS&TAIW AM FUTURES .1, /DO -By Perry Gilbert Perry Gilbert, vice-president, Refoo Singapore Pte Ltd (SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose yesterday, buoyed by optimism in technology stocks and their earnings potential. Trading in futures was focused on the January/February roll
        155 words
      • 245 16 EMERGY REPORT Reuters [LONDON] World oil markets were little changed yesterday as tension between the United Nations and Iraq Called again to lift prices decisively clear of recent 45-month lows. North Sea Brent crude was down seven cents at U5515.76 in London
        Reuters  -  245 words
      • 268 16 AFP THE US The dollar gained a bit in the morning session yesterday against the yen, to 129.40 yen, and against the mark, to 1.8394 marks. Sterling stood in early afternoon at 3.0020 marks against 3.0089 earing in the morning and 3.0065 marks on Monday evening. It slipped
        AFP  -  268 words
      • Article, Illustration
        378 16 DTTBRBAMEOOaSEATBg i a cs tot mm m mmmj* »w w hm a nx im w$ •sr as cmm a* am ue OMI122 in imnm wfc Iff Sm «2g sjb iw ag m <om urn mm o.ao*ECU 1427 1548 118 MB IWI UM «JM WW UK U* »H» 2® H5 *2
        378 words
    • 1314 17 SICOH FtJTURBS j an 20 B I I 1 1 SSr SKSa5i T m ts <ss js f«*m mS m gr* ma eaoo «g an ao 04-7S 04.75 Ota 425 4290 JMM f3US 1725 iS3 a J"MH*00 S3J0 NO 000 BIlCOOmCTtairtiAD Mmr Opa» p s 5 :1 «r«
      1,314 words
    • 1737 17 Ml N— V- Group 527 -7 AB Ports 286.400 *1400 AMey National TB9 -If Allied Domecq 566 <4 Anmc 12X400 1400 Aid* Group 193 2.600 BATInd 900 *1 •GWe 321 A *CC 140 X400 BOC Group 855 -26 MWntan TM -9400 »T* 154 taidi Bonk of Scotland
      1,737 words
    • 1539 17 AFP Hateg *I>M> JAPANESE share prices closed 0.6 per cent higher yesterday on short-covering and buying in the futures contract on widening optimism about the government's remedy for the economy, brokers said. "Underlying sentiment remained positive," one broker said. "The market reflected mounting expectations for the likely formulation of
      AFP  -  1,539 words
    • Article, Illustration
      1549 18 AFP Q Hang Seng *3128 SHARE prices closed higher yesterday, recovering from losses as interbank interest rates eased on subsiding local fears surrounding the Indonesian currency, dealers said. The key Hang Seng Index ended up up 33.28 points to 9,433.70 on turnover of HK$9.2B billion. The three-month interbank offered
      AFP  -  1,549 words
    • Article, Illustration
      626 18 Reuters HSfc«ufc«Bhig *OLOI SHENZHEN'S B Share Index ended slightly higher yesterday in slow trade, with sentiment still weak due to fluctuations in Hongkong shares and caution ahead of the Chinese New Year holiday. The B Index edged up 0.01 point to 80.90 on turnover of HK115.9 million. "Sentiment is
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  626 words
    • 355 18 AFP HWPhla *9tM STOCK prices rose 0.8 per cent yesterday on strong buying of technology shares, dealers said. "Investors bought electronic and electrical shares on range trading to make quick profit," said a trader. "With sufficient capital flow in the market, investors are looking for good buys." The TSE
      AFP  -  355 words
    • 256 18 Bloomberg Q Wellington ♦20.72 SHARES rose yesterday amid perceptions that the worst of Asia's crisis may be over. Traders said some stocks may have been sold down farther than the damage to their earnings from Asia would justify. The NZSE Top 40-share Index rose 20.72 points to 2,257.45. Bloomberg
      Bloomberg  -  256 words
    • Article, Illustration
      785 18 AFP D SET Mac 4jj SHARE prices fell 1.6 per cent yesterday on the back of prof-it-taking in blue chips in the banking and finance sectors as well as a general weakening of regional currencies, analysts said. "It is basically profit-tak-ing on yesterday's strong performance," an analyst at a
      AFP  -  785 words
    • 403 18 AFP nCmpoßtghin ♦4.78 SHARE prices closed mixed yesterday, with profit-taking by institutional investors offset by foreign buying in blue chips in the afternoon. The Composite Index rose 4.78 points at 533.55. Volume was 125.1 million shares worth 1.3 trillion won. Falls led rises 632 to 246. Institutions sold their
      AFP  -  403 words
    • 589 18 AFP DillOriiiariai -IL3 SHARE prices slipped 0.4 per cent yesterday in thin trade as offshore investors stayed away. "In the Asian markets there wasn't much direction. There was a little bit of profittaking and a bit of weakness in resources with the overnight drop in metal prices," said a
      AFP  -  589 words
    • Article, Illustration
      690 18 AFP Composite Index *101 STOCKS rose yesterday despite the local currency's sharp fall as banking stocks fuelled a late rally on expectations of more bank mergers. "I would say that it's a strange trading day. The market was down sharply in early trade but managed to close higher," said
      AFP  -  690 words
    • 303 18 HI Manila *IJ7 SHARE prices rose 0.1 per cent yesterday amid signs that profit-takers were moving in after watching the market climb for several days. Shares rose in early trading but were pulled down an hour before closing to end just above the positive side. The Composite Index rose
      303 words
    • KUALA LUMPUR STOCK MARKET
      • 8623 19 ■Minim c Mg> Low Csmpmy M> -000 MH> Low P/C »n8 245 WO AJtnomoto 235 unch 4 240 235 0.0 MJ 10* 73 »«»>!■ P7 -5 M 105 97 2-2 143.0 1*3 123 ApodoFoodldg MO 2 52 MS MO 5.2 72 0 250 190 BertoyaLand 240 -M 433 250 220
        8,623 words
      • 329 19 AFX Asia fl Composite Index jLTj SHARE prices closed lower yesterday as they succumbed to profit-taking after the steep gains seen over the past few days, dealers said. The KLSE Composite Index closed down 3.73 points at 585.35. The Emas Index closed down 2.35 points
        AFX Asia  -  329 words
    • WARRANTS & OPTIONS
      • 3387 20 IWWW Laat Val Day Laat Ouat* w» u■ x— cinn fate roooi wg u» Bwyar »a8ar pma 68 9 n» 3000 m AM08 c93%*****6 9 M n 3160 A Acar W0I0731USS 10 -1 9 10 10 103 12 131 U 31*4 AciM W0I0724 163 133 1* 10 93 26 3161
        3,387 words
      • 208 20  -  WARRANT WATCH By Ven Sreenivasan IT SEEMS like there are quite a few readers out there who recognise the potentially attractive rewards to be had from punting warrants highlighted in this column. Parkway warrant, which we noted was an attractive but risky punt, surged 42
        208 words
    • 2053 20 Or Or 1997AM Last W Day MOmM Okr Dt» YM Not MCap MM> n» 0«na Citmr «M» roooi HHk U» Onyr »—r Cw P/* fcao 470 28 Hit 5000 MSSSOc 95 -20 4240 T» 00 95 96 10 13 U 403 973 137 123 mt 9001 AMOOSOc 225
      2,053 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1553 21 TURNOVER 000) VALUE COOO) mi cut Ttw mm o«» Industrie 84,398 90,523 174,921 186,694 44.606 ***** rintoc, 14,690 43,134 57,824 91,387 29.650 121.037 Hotels 4,607 1.9*0 6,567 5,018 626 5>M ProiMrtws 28,516 39,840 68.356 82.003 13.750 95.754 Plantation 12.082 12.082 2XZT7 23JTT Mning 2,400 2,408 UM 1.638 W.W 5,881 33,005
        1,553 words
      • 224 22 Stocks Volume •MBf Capital 17,997,000 •Renong Bhd 50c 15,230,000 •Rekapacific Bh 14,702,000 •Innovest Bhd 12,911,000 DBS Land 10,230,000 •MBF Land BM 9,720,000 •RHB Cap Wt99 9,212,000 •Berjaya Group 8,681,000 Wing Tai 25c 8,072,000 ST Engg 10c 6,839,000 Stacks OCBC Foreign 30,433,316 UOB Foreign 25,741,235 City Dev 50c 23,390,125 SIA Foreign
        224 words
      • Article, Illustration
        59 22  -  -by Shiv Taneja HONGKONG LAND closed nine US cents lower yesterday at USSI.B3 on a volume of 6.66 million shares, compared with its 10<lay traded average of 8.6 million units. Given the counter's declining volume, expect to see more downside in the near term. However, long-term investors should
        59 words
      • 652 22  -  STOCK MARKET COMHEMTARY Players lock in sharp gains amid fears that the worst is not over for the region; volume significantly lower Ven Sreenivasan (SINGAPORE] The local stock market fell yesterday as investors ignored bet-ter-than-expected December trade Figures and locked in profits
        Chart info from Bridge  -  652 words
      • ON THE GRAPEVINE
        • 69 22 LOCAL advertising agency Ace Daytons has sent greetings to its clients and friends in the form of a Chinese New Year poster which bears the hallmarks of good advertising—shock and amusement value. It shows a gift-wrapped bottle of potent tiger penis soup (18 per cent alcohol,
          69 words
        • 144 22 THE people at Dow Jones Markets yesterday released the most tangible result of their alliance with Microsoft last year. The product, which is called Active 1, takes advantage of the fact that Windows workstations account for more than 90 per cent of all positions sold to
          144 words
        • 107 22 TRUE to his word, Roger Davis, the former chairman of BZW Asia (the bulk of which recently got hived off to Credit Suisse First Boston) hasn't jumped ship just because his empire has shrunk on account of the sale. Mr Davis has remained with the group and taken
          107 words
        • 163 22 HERE'S another twist to the Tiger tail (tale), with apologies to Blake. This is not the first time we enter a Tiger year amidst fears of economic blight, it seems. A contact who runs a public relations company called BT to recount what some Chinese businessmen
          163 words
    • 5116 21 Transaction Date: Jan 20 Gr Gr Wt 1007/q« Lilt V«i Day Last Quote D*y Mv rw Nrt Cap Avg M|k Law StMa Company Sale COOO> High Law Buyer Setter C*»r W Price INDUSTRIALS 157 18.5 a 1020 ACE 0ynamks60c 24 *1 61 24 22.5 24 25 19.7 22
      5,116 words
    • 1090 21 fir Or mm 1997/98 lut V* Oay LutOiMll OK Mv *18 Nat Ca» Av« Hh* Lm 9tNa Company SaN COOO) La» »nr*r 9a8ar Car E/I $W Wo 186 76 2000 ABRHMqtSc H6 -4 M lli 113 T>6 H7 W 10 0.1 MS 7 516 107 44# 76 a 2049
      1,090 words
  • Page 13 Advertisements
    • 96 13 This announcement appears as a matter of record only. I PARKWAY HOLDINGS LIMITED I I US$lOO,OOO,OOO TRANSFERABLE LOAN FACILITY I H Arranger H H Credit Agricole Indosuez Merchant Bank Asia Ltd H Lead Managers H Banque Nationale de Paris, Singapore Branch Credit Agricole Indosuez, Singapore Branch M Managers M Credit
      96 words

  • Page 14 Advertisements
    • 35 14 llPl m iflr wrr- 9 ?JHf m- t (WW "WT ..»'■■'%%J%&., r J-W jjfcrtiw )JbMl|^^^H jgzsjF M MW£_ Jfe hM "THyf* Contest is valuf fof *0 entries received beroctft 25th November "9wM| P^^' 1998. f
      35 words

  • Page 15 Advertisements
    • 65 15 FORD MOTOR CJKUICOMPANY U.S. $750,000,000 Floating Rate Notes Due Januaryl7,2oo2 In accordance with the turn is and condtons of the Notes, tw interest rate for the period 20th January, 1996 to 171h April. 1998 has bean fixed at 5.75% per annum. The interest payable on 171h Apr!. 1996 will be
      65 words
    • 57 15 LONGINES* L'elegance du temps depuis 1332 ™p IT: JP* :3f «|jM I|v v j M^gW K I |f j^JB -fei f;' 5 -i f dfe-7 V/)*Ja 1v m *gfm '-O v vafifaifc ijk CONQUEST (Gents) Ref. No. L 1.6274.95.6. Price: v Sole Distributor: SMH S.E.A. (S) PTE LTD 438 A
      57 words

  • Page 16 Advertisements
    • 298 16 (iPII Beijing Language And Culture Mindsets. University Immersion Course The Bering Language and Culture University, and Mindsets (Pte) Ltd. are pleased to jointly offer an intensive 40-hour course to boost your command of Chinese language and culture under expert tutors from BLCU, assisted by top Singaporean Chinese scholars. BLCU the
      298 words
    • 22 16 B I run a travel agency. The Straits Times Classified is the passport to my success. 1800-737-1166 Call Today For Results Tomorrow.
      22 words


  • Page 18 Advertisements
    • 72 18 caVlmgabL 3ee...1 told\ f The card we're\ the computer I y° u this was a J n. I making for Susan 1 I advertised in goocl deal > Yup, we got what V is going to be J Straits TimesJ f I we wanted because real nice! Vo^ed^ n j
      72 words


  • Page 20 Advertisements
    • 45 20 NOW WITH JUST $50,000 GET UP TO 3.33 TIMES FINANCING The Citibank Margin Trading Account. To Trade In The Widest List Of Marginable Securities, Call 339-7126 Now. THE CITI NEVER SLEEPS Branches at 1 Shenton Way 268 Orchard Road 21 Jurong East St 13 www.cilibank.com.tg
      45 words

  • Page 21 Advertisements
    • 21 21 Impress yiur friends with JX an interesting /^^N ni^it. t.U &d u Wem\ t Siriiy 6lattifi«4 this vukud. aass&i f& |cata|
      21 words
    • 47 21 mmmm SINGAPURA building society ltd for a Richer Tomorrow —^-AngMoKio Tel 458 4222/458 4333 Beach Road Tal 292 1459/292 1610 Bedok Tal 445 8011/445 8255 UfE BuM Timah Tal 467 1916/467 1918 WE rinMIIWE East Coast Tal 348 8262/348 8263 fc hh^^' Safangoon Tal 299 8800/299 8855
      47 words
    • 20 21 n' I kmw? J I read if in "THem. I Catch C«(i' Mini in hi<i; Clittifiri (hit wrtwi ■«»w« yR]
      20 words

  • Page 22 Advertisements
    • 319 22 BUSINESS Notices To advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Lee Soon Hong of Blk 737, Yishun Street 72 #08-89 Singapore *****7, have applied for a Retail Liquor Shop in respect of M/S The Baker Minimart located at #01-29, Peninsula Plaza, North Bridge Road Singapore *****8, and
      319 words
    • 317 22 NOTICE IS HEREBY GIVEN that, I Sim Yong Hwee of Blk 104 Tampines St 11 #11-89 Singapore *****4, have applied for a Samsu Shop in respect of M/s Hup Hwee Trading Enterprise located at Blk 21 Chai Chee Road #01-432, Singapore *****1, and that this application will be considered by
      317 words
    • 528 22 NOTICE IS HEREBY GIVEN that, I Pang Toh Fah of Blk 846, Sims Ave #10-750 Singapore *****6, have applied for a Retail Beer Shop in respect of M/s Best Star Mart located at Blk 891, Tampines Ave 8 #01-82, Singapore *****1, and that this application will be considered by the
      528 words
    • 355 22 NOTICE IS HEREBY GIVEN that, I Chua Quee Chye of Blk 612, #05-302, Clementi West Street 1 Singapore *****2, have applied for a Ist Class Public House (Extended) Licence in respect of M/s Craigside Investments Pte Ltd located at #81-09, 30 Victoria Street, Chijmes Singapore *****6, and that this application
      355 words
    • 295 22 NOTICE IS HEREBY GIVEN that, I Sarasvathy d/o Balu of 24 Kalidasa Ave Singapore *****3, have applied for a Public House, First Class Licence in respect of M/s Sandhya Trading P/L located at 21 Cuscaden Road #07-00 Ming Arcade Singapore *****0, and that this application will be considered by the
      295 words

  • SHIPPING TIMES
    • 306 23 Bridge News Reuters IT WAS a market going nowhere but down with rates down for almost all sizes, brokers said. Activity in the east was negligible with rates dropping on the key routes —the US or Canadian west coast/Japan grain run is now down to U5510.75 without combination
      Bridge News; Reuters  -  306 words
    • 242 23 5E* CWTM»>>Ua»-0355 -0.03 22 owiee 044 *aoi 345 cmco mvntRMnt arr -aoi 22 PNMtfLMs 0.295 undi 129 6»Mll«mi 0-24 -0.025 22 HM Sun 0.S2 -0.02 1U MutMzmn ass -0.025 s MClllf HK 54 JayaHaMbigt 0J7 *0.03 1 Juroaa SMpyard 7.®0 -0.10 72 KappaiCarp 4.W -0JO* vot uwinu 4-22
      242 words
    • 447 23  -  Merchant fleet ranks 10th in the world; SBS has grown in size from early 1996 By: Marcus Hand [SINGAPORE] The Singapore Registry of Ships (SRS) crossed the 20 million gross tonnes (gt) mark on Oct 15 last year, the Maritime and Port
      FILE PHOTO  -  447 words
    • 817 23  -  STRAIT TALK By Seafarer THE oil trade has changed almost beyond recognition in the space of the past 25 years. Once dominated by the oil majors, there are now hundreds of traders, at least, who play a vital role.
      817 words
    • 431 23 Tanker owners question if MPTs high rates are sustainable Bridge News [LONDON] Asia's financial turmoil will force a rethink of the future of the VLCC market in the coming year, the International Association of Independent Tanker Owners said in its monthly market
      Bridge News  -  431 words
    • 351 23  -  From, Jerzy in Sydney THE Australian Labor Party is to advocate a fresh approach to the problem of waterfront productivity in Australia at its annual conference in Hobart this week. The shadow transport spokesman, Lindsay Tanner, said that Labor recognises that
      351 words
    • 872 24  -  HK MARITIME mUUH'I'KT The government and shipowners are working together to promote Hongkong as a shipping hub From PT Bangsberg in Hongkong Hongkong is making a determined push to raise the public perception of its vital maritime industry, with owners and government departments joining forces.
      872 words
    • 341 24 PAOC EuroHama 6 ANL 3 Evergreen 6 Accord Fl-Bright 15 Ahrenkiei M M Appenship 5 FoongSun 8 AsiaOCL 15 fr °ti Astro 3 FrtLinte 16 Austral 9 CLink 4 Avant 16 Oemartrans 8 B'tang Mas 8 Genshpg 9 BSA 7 Glory Nav 16
      341 words
    • 16277 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advert tor Vitul Voy*q* Telephone ETA ETA Advertiser Vessel Voy age Telephone SIN Degf'n Neme Heme Number Number SIN Dejt'n Neme Neme Number Number To BRISBANE (BNE) 2098 A Queensland. Australia To ABIDJAN (ABJ) 2003 n/« 07/02 msc Agy msc cwwan oo4a *5-3252*50
      16,277 words
    • SHIPS IN PORT
      • 808 39 Vessel Voy No Berth Arrive! Departwt Bt I Utana *****6 M Twt atomgvdo 21.01/0100 Bt lertaH JAN20 JOT alongside 21.01/0500 M Ui7 77 0M198 J01 alongside 20.01/1600 Bt Mm Gt6 57 *****6 J01 alongside 2101/0700 Bt Septi 0M096 J01 alongside 21.01/0900 It Stir Hi *****6 J01 alongside 21.01/0300
        808 words
      • 1545 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booklng/bUnc* Rsth SMp Voy Mo Etfc/Btr Ported Trow To Frow Ua«Uf< 2 005* 2V2000 U 20/1900 20/1*5* 20/1*00 20/1500 20/1*5* 20/1*00 U 20/1700 WMSf 21/0*00 Kmtmi ma uiabb m 21/1500 hmw Swbb 20/1500 20/1*5* 20/1*00 2A 2 0/1 TOO 21/0*9*
        1,545 words
      • 212 39 JmM Australia: Australia Day Holiday, tea IT China: Chinese New Year Eve. Hong Kong: Lunar New Year Eve. South Korea: Lunar New Year Eve. Taiwan: Chinese New Year Eve. Jaa2B Brunei: Chinese New Year. Hong Kong: Lunar New Year. Malaysia: Chinese New Year. Singapore: Chinese New Year. South
        212 words
      • 855 39 THIS report compiled by Cockett Marine Oil Ltd. show* price rangee In US dollar* Instead of single prices tor a more comprehensive description of the market Price* shown are baaed on sverags iiiad Mem Market movements are Indicated. The Cockett Bunker Price Index change and the
        855 words
      • 332 39 Carta* NO Han Ml 0.4 #.4 0.14 57 0.05 JmIS Dmltf «atar NMm Mi —T MM teatowBS 0 0 2 2 0 0 1 no am mm oj iu ur 21, 0.02 toa M0 Mn 990.6 0.7 17.4 0.13 07 0.01 wr> %w %mw »mw MM
        332 words
    • AIR&LAND TRANSPORT NEWS
      • 521 40 Boeing says it will probably meet JUlaysian Airline officials this week [SEATTLE] Boeing Co may have to delay deliveries of jetliners to Malaysian Airline System Bhd (MAS), Philippine Airlines Inc and Thai Airways International pel, as Asian airlines struggle to pay
        521 words
      • 144 40 Bridge News [WELLINGTON! Air New Zealand yesterday announced an increase In the number of flights from Auckland, Wellington and Christchurch to Australian centres. The carrier also announced that it will be purchasing three new aircraft to support this rise in the number flights to
        Bridge News  -  144 words
      • 90 40 [HONGKONG] Cathay Pacific staff leaving work for the day on Monday. The airline's decision to sack 760 staff will save it up to HKs4oomillion (5590.1 million) a year, the South China Morning Post reported, citing analysts. Staff costs at Cathay were about HK$B billion a year, according
        REUTERS  -  90 words
      • 441 40 Bat some outstanding issues are still in the way of a final pact NYT [NEW YORK] US and Japanese negotiators have agreed on the broad outlines of a deal that would greatly increase the number of flights between the two countries and
        NYT  -  441 words
      • 1453 40 an < Fusm n* fuoht m S02S otss ouo ns& M.IMI m« •an 2KS IH706 *45 S026 2355 art mi untr 2359 SC230 1920 kmfrUm $0327 0I» S0320 2330 > TO J®*® JJ■i|37 t$40 MM ??K iilftKM two MM ****** M B<» 2045 fgglgWC COS. 2035
        1,453 words
      • 403 40 Reuters [FRANKFURT] Frankfurt airport operator FAG said that the European Commission ruling forcing an end to its monopoly on ground services and baggage handling could endanger jobs and erode airport capacities. The Commission made its ruling last week in a bid to
        Reuters  -  403 words
      • 517 40  -  "Tata unit, Hyundai, Daewoo challenge Marnti's dominance From Rajendra Bajpai ■in New Delhi -CAR wars have begun in India and the fight is on with a great flourish at the Auto Expo '96 in New Delhi. The marketing duel is for the small
        517 words
  • Page 23 Advertisements
    • 13 23 HE to boost Government, shipowners promoting Hongkong as a shipping hub. Page 2
      13 words
    • 578 23 Boeing may delay Asian deliveries Boeing will probably meet Malaysian Airline officials this week. Back Page SALE OF MOTOR VESSEL BY PUBUC AUCTION PARTICULARS OF VESSEL Name of Vessel "MENG KIAT registered in Singapore. Type Twin-decked square boxed general cargo cum container vessel. Dimension 134.89 mL x 21.55 mB x
      578 words

  • Page 24 Advertisements
    • 913 24 1 NORTH AMERICA i I EXPORT 1 I OTHER DESTINATIONS I 88X SUPER SHUTTLK BXPRtSfI DtRICT TO UA If—l |O«MCTa«WVIC«TOV«trOOAtTaOUmAMWICAfIMMANOtttX»MPSa«VIC«W 35® w rag< rog> u m wo* w i■mooon i g mm STjISL m553J555C5S 118 gSEE3SSaL VUf Df SAGfTTA *****4 04/02 04/02 20/02 14/01 24/02 2S/02 24/02 30/01 f. ST
      913 words
    • 573 24 <>*• A ««vic« represented uomtwc n# 2 WBW;) Mcmbert erf*w RegMtry erf ■>.■ S»r>gac>ore Fre.gftt Forwarders AccwMad Shipping Agents, Association Singapore Shipping Association Place an ad in... Shipping Times Juat talk tons... Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Japan •2 x Hongkong -1 x Manila -1 Kaofhiuna,
      573 words

  • Page 25 Advertisements
    • 1035 25 TO EUROPE FROM EUROPE Ivusa VOT SM (TM HAM HV SOU LdTI IvCSU VOT ITB HAM 00V SOU UN KG sUTI THANKS SO3I 22/01 12/02 10/02 14/02 NDUOYDAHKA Mil 01/01 JO/12 OJ/01 21/0122/01 MOSH 1031 23/01 01/02 10/02 13/02 14/02 OOaNnHDUNDS 2020 04/0100/01 01/01 10/01 27/01 lUNGA FfIAMGt 3030 24/01
      1,035 words
    • 2151 25 HANJIN SHIPPING USA CANADA* raova/wr mm w imhau/voy «a m 5m T~Sa oi mr m dtt okm tit ["ofio rvt tu prrz H.HOOOGMIOGO4M B/01 M/ 01 13/W 14/W IS/W IS/01 14/W 14/W 17/W 14/W l«/W 10/W 14/W 15/W ~i4/W~ 14/W M. masrowi 0371 30/01 01/01 10/01 11/01 11/01 11/01 M/
      2,151 words
    • 104 25 fAPtI ORIENT EXPRESS UNES (U.K.) LIMITED QpJ, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VISSfI VOV SINGAPORE IQWIAY VESSEI VOY KMiIAY SMGAfOtE NORDKAP 422 21/01 30/01 NQRDKAP 421 07/01 21/01 SINAR TQ6A 222 23/01 01/02 SINAR TOBA 221 11/01 23/01 OOCL ADMIRAL 012 26/01 04/02 OOCL ADMIRAL Oil
      104 words

  • Page 26 Advertisements
    • 985 26 fir DSR-SEMATVRI in Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT If l»BY j IHI I MM I JMT 1 HAM \llN I HJt llvttta WY lUN I ft* I HTM IWW InAM IIM mhjmicwyom Ham an ile "55" Tie" ae ae enunaiMTOß art na mi an an aa
      985 words
    • 1103 26 MY MMG UNE YML Internet W#to Site http: //www.yml.com.tw tlTl7tlfllTl7ri^lJil l Wl l li l llHII:MJlHII:lJil l Wl l lJ?lflfl:lfl4li'<J:li.lftU:l ]Ml wagwmartwirtwuwoay/hjmoat VESSEL VOY I SIN CMB RTM HAM FYT IEM MR MING SUN ABO3W 23/01 27/01 14/02 12/02 11/02 16AJ2 RHEIN BRIDGE JBO3W 2S/01 11/02 13/02 14/02 16/02 MING
      1,103 words
    • 439 26 UNI ST TIL IIIS4I* NUb ISUIIS I MUARA -1 LABUAN vßsa vor no ra vtssa vor no m SfOK MUAIA SPOM IM imaon vox/w su> 23/01 vn guxt vox/w su> M/ 01 IPMtfB VOX/W M/ 01 27/01 J.FOOSW VOX/W M/ 01 20/01 ATM GUXT VOX/W 29/01 01/02 AM&GUXY VOX/W 20/01
      439 words

  • Page 27 Advertisements
    • 1104 27 gmUgftHg IV—«L VOY IWW lIKK IMU IWO IWN IKW I M |l> HC I MAN TVYFOUM PJt-1267 08/01 18/01 NUN TAKMTI PJL-12M 14/01 *2/01 MAN OHBYAMAT PJL-1272 03/02 12/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS IN IRAN ft CIS COUNTRIES I.E. AZARSAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN GEORGIA VIA
      1,104 words
    • 1645 27 OIOKT SAIUMO TO mw TOM, BAITHkOM, SINGAPORE'S GCNIRAI AGENTS: SHINTO* WAY TO: 226 1900 FAX: *****01 OUTWARD (B/L) *****02J0H0R1 OFFICE: COSTAR SHIPPING PTE LTD #17-OINSIIOG SALIS/MGS 4205«4i/43 INWARD DIPT (D/OJ *****15 COSTAR AGENCIES (M) SDN BHD g MO: **********0M1 TOWIR TWO (06M0J) COIIVIIITIONAL *****50/55 T/SHf T DIPT *****25 TE; 02-67-15
      1,645 words
    • 446 27 ■t-~, EASTERN CAR UNER, LTD.' I TSSX'!'" Wfc Eg (SINGAPORE) PTE LTD 122 TONS I Ea (SMGAPOItf) HI UB LOADING FOR PORT KLANG/MANRA POUT KLANO MV "ABIE LIEUTENANT" V.6 MV "OCEAN SAMPAGUITA" V.12 ETA SIN 25/01/98 EIA SIN 28/01/98 ETA PKL 29/01/98 ETA PKL 26/01 /98 ETA MNI 01 /02/98
      446 words

  • Page 28 Advertisements
    • 1218 28 Eunoptyw/iCAiiDimvwfiHUHDmimi* rSfiTI RON MW HN Iff ZEE UN LHV THP RDM AHW HM PKL SAP E. DECENT MMK 24/01 13/02 10*2 14/02 14*1 17*2 10*2 E GENERAL RE 067 JO/12 21/12 31/12 02*1 2MI 27*1 E. DELUXE RW-M1 31*1 20/02 2V«2 21*2 23*2 24*2 28HI E. REFINE RE-014 (11/01 (Ml
      1,218 words
    • 847 28 WSIX" IwIV/\*»l w IV/\*» J wwoiiswfeeee* «BUt(M4)Si«i7» mamla: <*&) oiami W PENANO: (04) *****36 BANGKOK: (002) *****67 SURABAYA: (31) *****0 ft KB-AMQ: (03) 3M2677 JKT (21) *****07 MO* <B1) 5448 M TYO/YOK/OSA/UKi r GENOA MV "ASIAN PEGASUS" V.N016 MV "MSC REBECCA" V.9802-3 ETA SIN: 25-1-98 S,N: 23 1 98 ROTTERDAM/HAMBURG
      847 words
    • 421 28 /CZT NANTAI LINE FUUY CONTAJNfRIHD SI RVKI TO HAURITWS SOUTH AfRKA vbse IVOT lan PUI Iw»I cw i/m jureuwcßs om q/ii w/n immioumt otss w%\ mm fli/w io/o? \t/u aumiwuM QQ3S M/W \w iw wmwsm QQ4S nm »/w n/n n/m vmrtm ows )4/w oi/m ot/p RNNMjjjgS O?SS 7ZAC OZ/W Oi/B
      421 words

  • Page 29 Advertisements
    • 446 29 i BSA il MYANMA IHBk FIVE STAR LINE W (Myanmor Notional Lino) Loading for Yangon (Rangoon) VISUI VOT SIN IK m KU SAGAING SIW SID HAKHA 412 IN PT MALAYSIA AGINTS: BOUSTEAD SHIPPING AGENCIES KUL: HI 02-03-*****00 PKL TEL 02 03-*****01 PEN: HI 02-04-*****02 PGO: TEI 02-07-*****21/4 BANK LINE (A
      446 words
    • 1258 29 I MERCHANT MARINE CO. UP. I VESSEL ~YOT T LEH I KTM I AWT I HAM IMEI HI IVESSII VOY lUNj ME I HAM IFE ANT RTM SIM 1 HT ADMIRAL 311W 24/41 12/02 13/42 15/02 IS/02 15/02 14/42 NYRARON 310E 01/01 04/01 04/01 M/ 01 04/01 M/ 01 24/011
      1,258 words
    • 659 29 -xxwegion jpeciatzed auKxoman GfsXßtsXS TO NORTH AND LATIN AMERICA VISSEL VOY I RAMP HEIGHT SIN LAX OtL NUA SAV Ml OOF NYC WW MM TOM Fio3 400 low 6.3 M 20/01 25/02 05/03 01/03 10/03 12/03 13/03 14/03 19/03 21/03 lARONGA FM4 400 tats 6.3 M 09/02 10/03 11/03 21/03
      659 words

  • Page 30 Advertisements
    • 937 30 BANOKOK/LAiM CHABANQ J AKABTA/PA WJA WO VESSEL VOY SIN BKK LCH VESSEL VOV SIN JKT PJN BANIBHUM** 81N In Pt 24/01 2S/01 MATHU BHUM 366S 22/01 24/01 SINO OCEAN OCNQ47 In Pt 24/01 MATHU BHUM ***** 22/01 24/01 XETHA BHUM 224N In Pt 2S/01 DANU BHUM* 020S 24/01 27/01 XETHA
      937 words
    • 387 30 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0208 TEL *****68 FAX: *****64 ■CI TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu I I Muara ma VOY SM uu VOY SIN MUA I Seng V 9802! 25 25/01 01/02 WOK 22 23/01 24/01 8 Wort V9803f
      387 words
    • 822 30 A /ICCORD A SHIPPING PTE LTD ffS Tit: *****15 (40 Lines) FAX *****30 POTT HANG (OS) U7 1001 B M DIRECT ACCESS TIL *****55 (EXPOKT SOOKING) HMGUDAHC (07) SSI 1577 *****34 (EXPORT DOC), *****39 (IMPORT) KMAHC (04) *****40 URL:HTTP;//WWW.ACCORD.COM.SO JAXAfffA (11) 440 0770 HUT ITA SIN POtT ita tIN row
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  • Page 31 Advertisements
    • 353 31 INDONESIA NATIONAL LINE TO EUROPE H IArWW WMpvOW AfrMtHWHttl# Wtfifivl VtL VOY 1 Mil A DAM/N OAM I H'BUftO Bft€MCN lANTWERP KUTAI 27/2 ~i75 SBiT I 5/3 TO AUSTRALIA I (FUU. COKPUNgR SWMCB WL Iwt pßnff UK I Mt I IYD MB. HSA *PL UK MJSTENTWfKK |uTtS|2Z«I M»1 -M« QM2
      353 words
    • 691 31 aaagPfl PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CT NO **********06 MiiMDHi Bhz Sfti—jh= j" ffi ft ft ffij A m jiAoii —iui w uzi uz| iaa na an £T, ift bp w w jjfr In, iffiii'iF r ili B f
      691 words
    • 669 31 vwwn n voy m jed ml* lb< ham top him zee VMEDETAKYA T2*N ZMH OUQ2 o*og 16AM 17/Qg IWOg ~i55 2MH VBIEDEAWMO6A VZ3H mm 12*B WOB 21 Ag 23K8 a»W 27/02 VMJ-E OE TAURUS A3OM gg IMB 2MB 01/08 02*08 04/03 04A» O&TO VXEPAOUAWUS UBWW 17/W 2MB 0M» 06/03 OMO
      669 words


  • Page 33 Advertisements
    • 31 33 To retrieve more schedules, Just follow these simple steps... document 740-6000 ep be faxec^^^J the port nteryour Step key in the four tone number digit code for calls within Singapore Xlflftfyi
      31 words



  • Page 36 Advertisements
    • 1115 36 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 mtmmm TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 QH no. **********00 BDBKIIIGB CALL DIRECT L1 jj^ 222 294 1 /43 JEKICA/CELIA/MEICH^ 7 SLGS/WEEK 2 SLG/WEEK VOY SIN JAK VESSEL VOY HI PLB SILVER DAWN "9804 "iNPT
      1,115 words
    • 415 36 -PRO LINE. Hamburg COKTAINER/BAEAKBULK SERVICE LOAOW6 FOR SOUTH AMERICA VOY SFOM OUR MIRES MO SANTOS M VIOCO PARANAGUA PROLINE Hill 1S« MM M 42 PROUNI JMI »B ttß an PROUNE IW WS ll« «1 PROLINE IJM «>« 17/U 1143 PROUNE MM 1543 2443 20/03 MJOACCEPT— CAROOTOMONTCWEO RMANACUA RB ORANGE ASUNOON
      415 words
    • 459 36 ING HE SHIFTING COPT! ITDI Mi S33SS7S (ft Umi) T Fn: *****3ft/532fttftft I aiw minium I VfSSB VOY SMiTA SBIiTD OKTMATION SuMa Joyo 1 01/98 21/01 23/01 luotti/Potwwng (Km Daya 02/98 21/01 23/01 IWan^/PBorvi/Buoton Motto No 222 02/98 21/01 22/01 Jakato Motto Polo 12 02/98 21/01 22/01 Buotw/Ptnwong Sinar Control
      459 words
    • 465 36 Singapore Soviet Shipping oqCo. Pte. Ud. CR HO: **********00 BOMBAY VESSEL VOY SIN BOM PNG PKL ORIENT CORO 108N 28/01 03/02 IVO2 1 0/02 KOTA RAJA RJAOC3 04/02 11/02 23/02 25/02 TRADE FAST TFS2O9 10/02 17/02 02/03 04/03 ORIENT CORD 100N 17/02 28/02 00/03 11/03 REGULAR MONTHLY RO-RO BREAKBULK SERVICE
      465 words

  • Page 37 Advertisements
    • 1257 37 ASIA MHXTERRANIAN EXPRESS (AME) WESTBOUND SERVICE i I VESSEL I VOY SN I CMB I I «N KN I HH I AN» ffl MSC REBECCA 9802-3 23 JAN 27 JAN 04 FEB 06 FEB I Q8 FEB Mlf£B_ 12 FEB Ll££fi I KSINGA 9803-3 28 JAN 01 FEB 10 FEB
      1,257 words
    • 1710 37 IvHSa PBLANG* WW SPORt MAM SOU IBt MM RTM [VtSSB. PJttANG-1 SPORT IMB PUSAnI WW HtT KOK NGO SHM>g»| WO MOSQ 1031 71.01 2101 2XOI 10.02 1102 14.02 0102 ND.MAAS 2011 I*4l 20-01 2101 27.01 2101 2101 IPOANGI 1030 2101 2101 2101 00.02 11.02 1102 1102 NORMANDK 4010 2141 2101
      1,710 words

  • Page 38 Advertisements
    • 412 38 SIN MAA SIN I TIGER BRIDGE 598N 24-2MJI 30-02/02 07 0&02 I TIGER BAY 599N 28-29/01 03-07/02 1112A)2 I TIGER WAVE 600N 31-01/02 06-oao2 14-15*02 TIGER ISLAND 601N 04-05/02 10-14/02 18-19/02 TIGER BRIDGE 602N 07-06/02 13-16/02 21-22/02 TIGER BAY 603N 11-12A)2 17-21/02 IVESSEL^^VOY«!I^^ca^^SI^| XPRESS SPORE 253 22-23/01 29-02/02 08-09/02 I
      412 words
    • 826 38 FREIGHT UNKS EXPRESS I JV" 62 Toh Guan Road, Singapora *****1 Tel: *****66 (60 Linas) Fax: *****33 E-mail: flesin@singnet.com.sg LCL FCL SERVICES FROM SINGAPORE TO SOUTH AMERICA ATTRACTIVE RATES TO THE FOLLOWING DESTINATIONS: BUINOS AIMS (BUIf/SANTOS (SSZJ/VALPARAISO (VAP) ETD SIN Eld BUE Etd SSZ Etd VAP Harmony Containar VHRBOI 08/02
      826 words
    • 1133 38 OOCL (Sinqopore) Pte Ltd CFS Kepoel Distrpk dki 79 Anton Rod #21-04 (S) *****4 Mk 5)3 *01-128 gmmky 76\. [Vf CR NO IM7S7MOOON U *****17 3269 IM IM: *****13 F«» >21 3941 Fee 17? 7W$ r^3 NOtTN AMHKA USA/ CAMAM AMTRAUA TO USA I«if SfO OAK |CW MEM NYC OUTBOUND
      1,133 words

  • Page 39 Miscellaneous
    • 122 39 LEGEND: R Thunderstorm Temperoture c A w Shower Weother Wind direction with speed in knot* Rom \_y Cloudy Sky Wov Swrfoce winds ore indicated by arrows which ffy with the wind W circle represents calm or light ond variable winds 1 One holt fleche represents 5 knots I—— One fuß
      122 words