The Business Times, 22 January 1998

Total Pages: 40
1 40 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, JANUARY 22,1998 85c
    12 words
  • 71 1 Qsra 131L40 (+14.49) n BT-SU Ml 8H.71 (-1.51) n BTOOCP mM 112&21 (-7.58) W% BTMGA U ***** (+6.01) n KABXET MOOD: El Mixed STOOL MAHETHHIICBB Wednesday Change KliSE COUP ms* 4»0 NIKKEI IM84.42_+J17.» HANOSENO S2KM -***** SETINDEX ***** +IM7 JAKARTA COUP _4CMC +17J6 MANILA COUP 1,7S6l27 -18J9 TAIPEI
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  • 73 1 ehxambe IATES us$ ss US$ 1.799 t 1630 1877 DM tMf 0963 TKN 100 1.775 IJ76 Ml use: 0199 HKJ 0.129 0.228 BAHT 9.019 0.933 RUPtAH 109 9999 0.016 FHME1ATES SINGAPORE* 7.52 KUALA LUMPUR. .8JO JAKARTA 18.00 BANGKOK 13.25 MANILA 12.50 HHKONG 9JO TAIPEI 9.00 SYDNEY .5.50 TOKYO .0.50
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  • 850 1  -  Analysts say plunge deep concern about economic crisis and politiffll From S N Vasuki in Jakarta THE Indonesian rupiah crashed through the 12,000 rupiah barrier its lowest ever against the greenback yesterday, with financial markets totally unappeased by the government's formal launch of sweeping
    Compiled by BT  -  850 words
  • 168 1 [SINGAPORE] After tumbling some 22 points to a morning low of 1,274.58 points, selective buying by offshore funds helped the Straits Times Industrials Index claw its way back during the final hours of trading to close with a net gain of 14.49 points at 1,311.4. In Kuala
    168 words
  • 524 1  -  Some are closing down, others are slashing prices and advertising budgets By. Ang Wan May [SINGAPORE] Coveted in good times, shunned in bad. Big designer labels such as Emmanuel Ungaro, Istante and Byblos are closing down. Others are slashing everything from advertising budgets to prices.
    ARTHUR LEE  -  524 words
  • 443 1  -  By] Larry Wee [SINGAPORE] It was George Soros' Quantum Fund and Julian Robertson's Tiger Fund, as well as a particular American investment bank. As traders struggled to find an explanation for the 2,000rupiah and 25-sen slide, these were the familiar names
    443 words
  • 786 1  -  Bat he warns that painftd remedies are unavoidable From Conrad Raj in Bangkok EAST Asia can recover from its current economic crisis in two to three years if the governments and people are united in implementing the hard painful
    786 words
  • Page 1 Advertisements
    • 123 1 IMHIIIE ■mririmri nipirlni An attempt by angry Thai car workers to burn down their factory on Tuesday night could point to more violent protests ahead as nearly 2m workers are expected to be laid off this year, P|s CMit POSB raises ratal igun Singapore's largest home loan provider, Credit POSB,
      123 words
    • 4 1 Market reports, Pg 20-24
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    • 92 1 n U¥^s9BMP p !!SI ~fci* *SHHBHBBS(*«M- The Mauboussin 'Grand Prix' watch. 18K white gold with diamonds, mother of pearl and onyx. MALJBOUSSIN since 1827 EXCLUSIVELY AVAILABLE AT: ROY EASTERN WATCH #01-86/88 #01-74 Lucky Plaza 304 Orchard Road Singapore *****3. Tel: (65) 734 3139 (65) 734 1935 DELUXE EASTERN WATCH #01-18/20
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  • SINGAPORE AT HOME & ABROAD
    • 332 2  -  By] David Boey TELECOM companies competing in a fully liberalised telecommunications industry come April 2000 will be kept in check by a slate of government policies that will foster free and fair competition, Minister of State for Communications John Chen said
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    • 488 2  -  Economists expect stronger exports, foreign capital inflows to lead recovery By. Audrey Tan THE Singapore economy will show signs of a pick-up from the second half of the year, with a recovery in both exports and foreign capital inflows, economists said at
      488 words
    • 410 2  -  Second hike this year; mortgage rate rise to take effect from Feb By' Clarissa Tan SINGAPORE'S largest home loan provider, Credit POSB, will raise its mortgage rates by half a percentage point from February after having upped it by the same amount in January.
      410 words
    • 365 2 [SINGAPORE] Sixty-seven locally authorised unit trusts will compete for top honours at the second Investment Fund Awards to be held on March 6. At the inaugural awards in September 1996, 46 unit trusts competed. The awards are jointly organised by
      365 words
    • 144 2 THE Consumers Association of Singapore (Case) says the lack of clear regulations has led to some retailers, especially travel agents, getting away with imposing surcharges on credit card and charge card purchases. Several major card issuers, including Visa and MasterCard issued by banks, have told
      144 words
    • 354 2  -  E7E ON THE ECONOMY Manufacturing By. Jennifer Lien Manufacturing growth bounced back in November, rising 10.3 per cent year-on-year, compared with October's revised 6.6 per cent. Cumulative manufacturing growth for the first 11 months of 1997 was 4 per cent, the Economic Development Board said
      Source: EDB  -  354 words
    • 243 2 PRIME Minister Goh Chok Tong yesterday called on businesses to use electronic means to make or receive payments to save on costs. Speaking at the launch of a campaign to promote electronic transactions, Mr Goh said: "The processing of
      ALBERT SIM/ST  -  243 words
    • 257 2  -  By, Ang Wan May BRITISH Airways' worldwide reservation systems were down yesterday and 15 flights out of Heathrow Airport were cancelled due to a malfunction in the airline's check-in system in London. Flights from Singapore to London were unaffected. The cause is
      257 words
    • 51 2 IN OUR Jan 20 report "Nov retail sales index down 6.5 per cent", we wrongly gave the estimated value of retail sales for November and October as $2.61 billion and $2.53 billion respectively. The correct figures are $2.03 billion and $1.96 billion. We are sorry for the
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 32 3 o o ww 1 -sWPiPP©^ IMI 6000 Chronometer Series JSI j| if jra Jlf |f g 1 1' 5 [®1 professional sports watches For further information: TAG HEUER SHOWROOM Tel: 235 8477
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  • FOCUS: PROPERTY
    • 458 4  -  HK tycoon does not appear to have done anything on govt sale site it bagged for $683 m a year ago By] Diana Oon [SINGAPORE] A LITTLE over a year after bidding $682.8 million for a leasehold site in Bayshore, Hongkong tycoon Li Ka-shing does
      CHRIS LOH  -  458 words
    • 1003 4  -  Govt Deeds to cot property tax, relax foreign ownership roles, analysts say From, Harish Mehta in Bangkok THE Suthees, one of Bangkok's teeming middle-class couples, have been unable to upgrade to a bigger flat after 20 years of marriage, even though
      FILE PHOTO  -  1,003 words
    • 1152 4 Property transactions for districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between Nov 1,1997 and Jan 20,1998 PROJECT NAME/ PROP CONTRACT TENURE BULHN/ PRICE PSF STREET HAVE TYPE QUE LAND AREA* (SOFT) (SSDOO) (SS) District 15 East View Apt 1Q/T1/97 FH 1098 890
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  • Page 4 Advertisements
    • 233 4 mhshm flf} Singapore Special Edition Whv Singaporeans should »»««Marl„, ~f~ Q r i »e«mm buy investment funds 1 iere t0 P ut y° ur money in 1998 x. H ,L :,..s I: f k-' M rr B( if I We provide consultancy services on offshore structures, shelf companies and incorporations
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    • 19 4 The Straits Times CLASSIFIED Where buyers and sellers meet Find the perfect item at a garage sale. fSfr |cata|
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  • MARKETS IN TURMOIL
    • 373 5 AFP [BANGKOK] Several Thai banks yesterday announced huge drops in profit, with some even going into the red, amid assurances from the central bank that the ailing sector would be fully reformed and restored to health by the year
      AFP  -  373 words
    • 436 5 Treasury Secretary doing a very good job Bloomberg Reuters [WASHINGTON] International lenders should "play a constructive role" in helping South Korean banks roll over short-term foreign exchange debt for 90 days, US Treasury Secretary Robert Rubin said. "The challenge now is for these
      Bloomberg; Reuters  -  436 words
    • 274 5 AFP [KUALA LUMPUR] Malaysian police have warned that people spreading rumours aggravating the economic crisis could be prosecuted under the country's draconion Internal Security Act and other laws. "There are certain parties that are fishing in troubled waters amid the country's economic crisis," police public
      AFP  -  274 words
    • 68 5 [SEOUL] A zookeeper patting an elephant, wearing a protective covering due to the cold weather, at a zoo near Seoul on Tuesday. Due to the ongoing financial crisis gripping the nation, the zoo is doing Us bit to save money on heating
      REUTERS  -  68 words
    • 384 5  -  S'pore might place reserves in US$, euro andyeninfntnre From* Conrad Raj in Bangkok THE Singapore dollar cannot be used as the base of an Asian currency unit along the lines of the euro because the Republic's
      384 words
    • 172 5 Reuters [BEIJING] China's economic tsar Zhu Rongji has called for the defence of the Hongkong dollar at any cost, bluntly warning that confidence in the territory's currency had to be maintained. Vice-Premier Zhu, in two tough internal speeches in recent weeks, also said
      Reuters  -  172 words
    • 301 5 Bloomberg [SINGAPORE] International banks, saddled with US$65 billion (*****.6 billion) in loans to Indonesian companies, have begun meeting to discuss ways to repackage the debt to avoid widespread defaults, bankers and government officials said yesterday. Faced with what investors say is a
      Bloomberg  -  301 words
    • 453 5  -  Jakarta imist make all changes required' before in ragtaß am be nstartd From, Anthony Rowley in Tokyo UNITED States' Defence Secretary William Cohen yesterday underscored the concerns felt by Singapore and other Asean countries, as well as by China, about the state of crisis
      AFP  -  453 words
    • 203 5 AFX-Asia AFP [TOKYO] The turmoil in Asia will be shorter and less damaging to banks than the Latin American financial troubles of the early 1980s, Standard and Poor's said yesterday. "Significant differences between the situations are encouraging analysts to anticipate the
      AFX-Asia; AFP  -  203 words
  • Page 5 Advertisements

  • FOCUS
    • 2874 6 A correspondingly stronger US$ signalled the start of trouble when speculators deemed greenback-linked regional currencies overvalued and ripe for attack Nobel Prize-winning economist Merton Miller spoke in Hongkong recently on the financial crisis in South-east Asia. We reproduce below excerpts of his speech.
      FILE PHOTO  -  2,874 words
  • Page 6 Advertisements

  • REGION
    • 316 7 BANGKOK AFP PRIME Minister Chuan Leekpa i warned the proposed growth triangle involving Thailand, Malaysia and Indonesia was in doubt after a spate of separatist attacks blamed on Muslim rebels, reports said yesterday. Mr Chuan said he doubted the massive infrastructure development project
      AFP  -  316 words
    • 472 7  -  BANGKOK With deep production cuts ahead, auto industry especially vulnerable By] Harish Mehta AN attempt by angry Thai auto workers to burn down their factory on Tuesday night could point to more violent protests ahead as nearly two million
      AFP  -  472 words
    • 300 7 SURABAYA E Java leader points to criminals bat says situation may be worse than elsewhere Reuters THE governor of East Java said yesterday that unrest in the heavily-populated region was the work of criminals and had no link with soaring food prices. Mobs attacked
      Reuters  -  300 words
    • 330 7  -  BANGKOK By] Harish Mehta THAILAND has allowed foreign investors to hold majority stakes in Thai brokerages for up to 10 years, provided they bring in at least 500 million baht (5516.5 million), in a move to boost foreign investments. The Thai
      330 words
    • 375 7  -  HONGKONG Govt concerned about burdens faced by fTrmgknnggrg Tnng By. Loh Hui Yin HARD-pressed Hongkongers can expect some help from the government to alleviate their hardship when the budget is presented next month. But chief executive Tung Chee-hwa, who hinted at the
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    • 679 7  -  CHIVA WATCH while Taiwan tries bottom-Ashing in South-east Asia By Lu Ning TAIWANESE officials have gone fishing in a region engulfed by financial and currency crises. Following Vice-President Lien Chan's New Year vacation in Singapore, Premier Vincent Siew, who made a private
      679 words
  • Page 7 Advertisements
    • 67 7 Locate its owner through Classification 821 (Found). Simply call CAT.S. at 1800-737-1166 for this free service. t Another Classified Service Si Christof/e Paris Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore
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    • 177 7 THE ART OF PAMPERJ NG T ggß leave :J f P Contemplate the day m the serene comfort of our plush Uvmg Room, unperturbed by the rest of the world Quietly confident that an unparalleled level of service is only a gesture away. ■Ml jL MP/* An A In fact
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  • REGION/WORLD
    • 419 8 WASHINGTON Trade |ap shrinks to about USsBb below forecasts by analysts of USslob Bloomberg THE US international trade deficit in goods and services unexpectedly narrowed in November with falling oil prices and weaker demand for petroleum holding down imports, even as the Asian crisis
      Bloomberg  -  419 words
    • 491 8 TOKYO Plans may be put on hold until economy recovers report AFP JAPAN may delay widely-crit-icised plans, already enshrined in law, to cut its massive budget deficit through spending cuts despite the sluggish economy, a report said yesterday. Prime Minister Ryutaro Hashimoto has called
      AFP  -  491 words
    • 412 8 WASHINGTON Comments hint that they may next move to cnt interest rates Bloomberg THE threat of a slowdown stemming from the Asian financial crisis hangs over the US economy, Federal Reserve officials are warning, suggesting their next move will be to cut
      Bloomberg  -  412 words
    • 271 8 HANOI Reuters VIETNAM'S central State Bank has ordered commercial banks to freeze loans to Procter and Gamble's troubled Vietnam venture in what analysts said yesterday could be a final blow to the firm's activities in the country. Alan Hed, P&G's
      Reuters  -  271 words
    • 53 8 [LONDON] London police attempting to remove Mayflower, a South Devon cow who charged her way into Downing St as part of Tuesday's National Farmers Union protest. UK farmers, who have had a disastrous couple of years since the 'mad cow'crisis, are demanding more assistance from
      AFP  -  53 words
    • 353 8 WASHINGTON Reuters IT APPEARS increasingly likely that a White House push for Asian bailout money will shove President Clinton's request for fast-track trade negotiation authority off the agenda this year, analysts said. White House officials say publicly that the president intends to move
      Reuters  -  353 words
    • 243 8 WASHINGTON AFP ISRAELI Prime Minister Benjamin Netanyahu said yesterday "some progress" had been made in discussions in Washington on getting stalled peace talks back on track. Mr Netanyahu met President Bill Clinton twice on Tuesday and also held lengthy talks with Secretary of
      AFP  -  243 words
    • 211 8 LONDON Reuters A POWER cut hit 10,000 homes and businesses in central London yesterday, disrupting financial trading across Europe. London Electricity said the power outage, which lasted almost four hours, was due to a problem at an electricity substation. The blackout stretched from the
      Reuters  -  211 words
    • 224 8 BANGKOK AFP THAILAND would allow the United States to set up a floating base off its coast, army commander-in-chief General Chettha Thanajaro was reported as saying yesterday. "There should be no problem if they were to seek permission," the general said,
      AFP  -  224 words
  • Page 8 Advertisements
    • 117 8 To know the intricacies of I (MA MAIL I Franchising in China Smiite read St' SkBSTS|l^ China Mail This magazine covers articles on China businesses, law, tourism, Chinese cultures and other interesting topics... IT IS ON SALE NOW! at major bookstores and newsstands. To know more about the winter package
      117 words

  • EDITORIAL & OPINION
    • 806 9  -  BOrrOMLDVE OPINION By Thomas Friedman The writer is a columnist for The New York Times NYT AN important anniversary slipped by quietly a few weeks ago. It was the 20th anniversary of Anwar Sadat's visit to Jerusalem It's worth recalling Sadat these days both
      NYT  -  806 words
    • 92 9 Instead of a meeting between an angel and the devil, wouldn't it be better to think of a meeting between two angels who are friends of the poor?' President Fidel Cutro on the Pope's visit to Cuba. 'A person is innocent until proven guilty... unless it's me.
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    • 586 9 EDITORIAL IT would be a grave mistake if American lawmakers succeed in their plan to deny the Clinton administration and the International Monetary Fund (IMF) the resources they need to contain East Asia's financial turmoil. President Clinton and his advisers are seeking congressional approval for
      586 words
    • 1246 9  -  The UN and its former chief became the laughing-stock of television shows By] Leon Hadar The writer is BT's Washington correspondent LAST WEEK, the leading US newspapers were carrying front-page headlines and thoughtful editorials about the International Monetary Fund (IMF) and its plans to resolve
      FILE PHOTO  -  1,246 words
    • 803 9  -  MAILBOX A S K Wee GIVEN the current Asian currency turmoil, I am somewhat shocked to find a front-page article headlined "Stock borrowing and lending set to take off", (BT, Jan 20) which suggests that moves are afoot to get the
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 40 9 DOOHESBPRY By Garry Trudeau MAN WHAT A NBMOUS? P.P. ,1 PONT KNOU RELAX, rT£ JJSTA FOOTBALL NO WAV utAV DtIDF B-P-.TM MOW /mneHmm amxer.UXJK.thb/SS SONEZ- mar lIMHTTDMAKS saxeGV&FKaMTHE lOUN AMAZING WHAT A a/snrx? TEAM-AAVE' FKONTALfN 7HETAPE, WINNING SEASON 7VRKYS'/ OKAY-"
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  • EXECUTIVE LIFESTYLE
    • 901 10  -  Sunsets, surf and Shark Tee await at Greg Norman's Nirwana course in Bali, says vxar ebeemivasam VEN SREENIVASAN HOW would you like to tee-off against the sunset from one cliff-top to the green on the other, over the raging surf of the ocean? If
      901 words
    • 696 10 AUSTRALIAN OPEN But No 1 Sampras still in quest for a third title here Reuters AFP [MELBOURNE] Venus Williams won her first match against her little sister and 1997 finalist Carlos Moya and local hope Mark Philippoussis joined the dumped seeds at the Australian Open
      Reuters; AFP  -  696 words
    • 688 10 TV Deal to hold on to TV series valued at over USsBsom, making it most costly show ever NYT [PASADENA, California] NBC's agreement to pay Warner Brothers, the studio that owns the drama ER, about US$l3 million (Ss23 million) an episode over
      NYT  -  688 words
  • Page 10 Advertisements
    • 151 10 TheßusfnessTimes Give yourself a break from the stress of work or ■Ly business. Enter this contest and get a chance to win wk y* Jus > *?>*os answer the question in the space provided below. v; 8 winners each will win an ESTHEVA Ufe Spa Ultimate and 2D-IN Deluxe room
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    • 54 10 SALUT RESTAURANT WINE BAR Valentine's Day Lovebirds' Menu 14th Februaiy 1998 5-Course Set Dinner Menu at Ssll9+++ per person Special Door Gift and a Glass of Fruit Champagne for each Diner To place reservations, request for the menu or location map, please call Eloise Ongat 225 7555. Valet parking available
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  • Page 11 Advertisements
    • 197 11 Where to wine, dine and entertain... K& SSSSb IH*I 298 4545 Toast in the year of the Tiger with free Tiger Beer and free Yu SKeng at our Fatt Choy Reunion Kuffet. For every taUe of ten (at only $380 we'll give each diner a {ree glass of Tiger Beer.
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    • 227 11 MarketSqware 1 RESTAURANT WINE CELLAR I ginQAportsfrgt Theme Resrijrant Foodcourt European countryside I and all I] Your table is reserved while A Prosperous you explore our wide variety Lunar New Year of Asian Western favourites Selamat Hari I •No messy, uncleared tables Roya Aidilfitri Pay only when you leave Major
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    • 225 11 lOfl TATATATAT*TAT*T*TkT.k«n»P IThe only buffet lunch jj with a feast of 1 Italian Chinese i favourites from just $14-50++ (Spread the word.') Jj PAOLO NO'S I Opening hours from ll.JOam 10 12.30 am |JI Buffet lunch available from 11 iOam to 2 JOpm nj At Royal Crowne Plaza. 25 Scout
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    • 266 11 Buy It. Sell It. Find It. Classified. r ATS Call Today For Results Tomorrow. 180 i^J 166 I Savour tantalising from BBQ Ribs, Mushroom II bsagna, seafood platter, Italian to Nyonya II laksa, seafood hor-fun, chicken prawn claypot and fried I vegetarian platter and complimented with soup, salad and II
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    • 212 11 raga /1 fanii*s ftU*yt4r Cdtirt&tn 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. i 133 Orchard Road. Singapore 23M67. Tel *****11 J3 a eBBll Come To Our
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  • Page 11 Miscellaneous
    • 735 11 TV&RADIO popart 12 Busim4l O Day ht Festival Filem ICI 2.00 PM TV Innovations. nin Mr Mrs Smith The Layar 12 Malam Hik230 The Winners. Suburban Episode. mah. XOO Money. Money. Money. wis AM Party of Five Not 10.30 Granny Nonnon And 1 aja Tech 2000 (r). So Fast. (Japanese
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    • 176 11 CRYPTIC CROSSWORD 10 Four banks centred in the city grand in S African currency 12 13 Information services offered 14 And not even she can be found HI |H comes frantic cation ZJilLJBtZjlB!!jBlZj|L-pB—Jl-— 24 Learning to recognise that stu 26 Stay undercover to keep the 27 Follow in a green
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  • A LEAGUE OF THEIR OWN
    • 1914 12  -  The IT and Net-sawy co-founder of Sintercom speaks to jaxbke ee by e-mail from New York where she is pursuing a master's degree JAIME EE IT WOULD be so easy to pigeon-hole Wynthia Goh: 20-something rabble rouser; techno babe whose first word as a toddler must have
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  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 339 13 Shares hit intra-day high of $L 52, a rise of 7%, in high volume Bloomberg [SINGAPORE] Shares of ST Engineering rose to a record yesterday before easing off at the close as the defence contractor's cash hoard and steady earnings stream are expected
      Bloomberg; FILE PHOTO  -  339 words
    • 367 13  -  Correction comes in wake of large gains mjfein past week By Annette Pau [SINGAPORE] Profit-takers cut short the strong rebound by blue-chip contract manufacturer Venture Manufacturing yesterday. After surging in the last few trading sessions on "buy" calls from broking houses, the company's shares yesterday
      367 words
    • 333 13 Bloomberg [SINGAPORE! Shares of Tat Lee Bank could be worth as much as 75 per cent more than their current price with the proposed merger with Keppel Bank, said an analyst at Peregrine Securities Singapore. The two banks have announced that they would
      Bloomberg  -  333 words
    • 702 13  -  HOCK LOCK SIEW Lee Han Shih WILL Hongkong "superman" Li Ka-Shing mount a takeover of Hongkong Land now that the company's share price has plunged? Talk of yet another bid for HK Land, the biggest landlord in the central
      702 words
    • 215 13  -  By 2000, HE Telecom will end monopoly on international calls Teh Hooi Ling [SINGAPORE] Singapore Telecom will consider providing telecommunications services in Hongkong. This follows the announcement by Hongkong Telecom on Tuesday that it will give up its exclusive international
      215 words
    • 437 13 Bloomberg [WELLINGTON] New Zea-land-based Brierley Investments Ltd's major shareholder, Malaysian-based Camerlin Group Bhd, is seen as financially sound, although it may still sell its 20 per cent stake, analysts said. "There's going to be a lot of conjecture. The company itself hasn't
      Bloomberg  -  437 words
    • REGIONAL COMPANIES
      • 257 14 Bernama [KUALA LUMPUR] The yet-to-be-opened Mandarin Oriental KL expects to secure 50 per cent occupancy for the first year of operations, said Kent Zhu, its director of sales and marketing. The luxury hotel is due to open in the Kuala Lumpur
        Bernama  -  257 words
      • 436 14 Deal being proposed to allow majority shareholder to sell sequestered shares Bloomberg [MANILA] First Pacific Co of Hongkong said yesterday it has talked with the major shareholder of San Miguel as part of efforts to take over the Philippines' largest food
        Bloomberg; FILE PHOTO  -  436 words
      • 457 14 Reuters [HONGKONG] Hopes for an early sale of parts of Peregrine Investments Holdings Ltd may have been too optimistic although bids are still being made for parts of the firm, provisional liquidator David Hague said on Tuesday. "I think
        Reuters  -  457 words
      • 434 14 They praise govt for transparency, going ahead with reforms Bemama [KUALA LUMPUR] US investors are keen to re-invest and make Malaysia a platform to enter the Asean markets, USAsean Business Council president Ernest Z Bower said here yesterday. "We are a long-term
        Bemama  -  434 words
      • 285 14 It aayi the omission has nothing to do with declining prices Reuters [HONGKONG] Hongkong Telecommunications Ltd said on Tuesday the package it received as compensation for the loss of its exclusive international telecoms licence did not include the right to redevelop its property
        Reuters  -  285 words
      • 124 14 AFX-Asia [KUALA LUMPUR] EON Bank is not in merger discussions with any bank, DRB-Hicom senior group director of corporate finance and treasury Maznah Abdul Jalil said. Speaking to reporters after launching a new banking product, she said: "We are
        AFX-Asia  -  124 words
      • COMPANY Briefs
        • 58 14 [SINGAPOR2] Nippecfcaft Ltd yesterday said its 3-for-4 rights issue of ISO milUon shares was 67.6 per cent subscribed at the doee of the offer on Jan 16. 11m subscription comprises soms 100.3 million acceptances and asceas applications lor LIS million shares. The remaining 4M million rights
          58 words
        • 41 14 [SINGAPORE] Sembewang Resources has appointed Tan KokQuan director with eOKt from Jan 19. Mr Tan is a partner of law Ann Lee Lee, and is also a director of several companies, including Overseas Union Bank and PidemcoLand.
          41 words
        • 54 14 (SINGAPORE] Lindetevee-Jacoberg has sold its 51 per cent stake in LJ Phils Industries Inc to its partner, London Equity Ventnrss Corporation toe, tor SiEmllßon pesos (S|lfi0,000). The sals is expected to help the group concentrate on its sngineering and power supply activities in the Philippines through wholly-owned
          54 words
        • 60 14 [SINGAPORE] Court Holdings has increased its investments in LC Ventura (Tampines) Pte Ltd by subscribing tor 149,888 $1 shares at per, or 80 per cent oflX; Ventura's total paid-up capital Singapore Technologies Construction Pte Ltd holds the other 40 per cent Liang Courfe investment
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        • 87 14 Reuters [JAKARTA] Indonesia's PTTeUcom has had no project cancellations due to the country's economic crisis, the company said in a statement obtained yesterday. "Telkom has no problsm in liquidity so far which could cause contract cancellations that have been signed," the statement tafal. Ongoing
          Reuters  -  87 words
        • 99 14 Reuters [HONGKONG] Lippo Ltd yestsrday said its financial position remains sound. "Although members of the group also engage in securitiee services, the financial position of the group Is sound and there are sufficient financial resources to most its short-term andtong-arm liabißbes," it said. The company's
          Reuters  -  99 words
    • COMPANIES
      • 250 16 Bloomberg {TOKYO] Japan's five largest producers of computer chips say they have not yet decided their capital spending budgets ,for the business year starting April 1, following a media report they wUI slash capital spending. The Ave —NEC Corp, Hitachi
        Bloomberg  -  250 words
      • 622 16  -  Filled finance firm fMgHHESbmrth ef scrips tecrediters From* Quak Hiang Whai in Hongkong A HUGE sell-off could be brewing in the Hongkong market as it was learnt yesterday that about HK$l biUion (*****.8 miUion) worth of securities have been pledged to creditors by
        Reuters  -  622 words
      • 214 16 Bloomberg [SEOUL] Samsung Group, South Korea's second-biggest conglomerate, said it will focus its resources on semiconductors and financial services, selling or merging other businesses. Korea's chaebols agreed to streamline their sprawling empires during talks last week with President-elect Kim Dae Jung, as part of
        Bloomberg  -  214 words
      • 264 16 Bloomberg [NEW YORK] Merrill Lynch Co analyst Lucianne Painter cut her forecast for PC unit shipment growth to 14 per cent in 1998 from a previous estimate of 17 per cent because of weak demand in Asia. As a result of this
        Bloomberg  -  264 words
      • 151 16 Bloomberg [TOKYO] Barton Biggs, chief global strategist at Morgan Stanley Dean Witter Discover Co, encouraged by Japanese proposals to help the nation's banks, has doubled his Japanese equity weighting, a company official in Tokyo confirmed. The Japanese government proposed a spate of measures including using
        Bloomberg  -  151 words
    • INTERNATIONAL COMPANIES
      • 586 17 Firm warns Q1 earnings will be diluted by rising US$, declining Asia sales Bloomberg NYT [ARMONK, New York] International Business Machines Corp's fourth-quarter profit rose 4 per cent, which is below expectations as hardware sales fell and
        Bloomberg; NYT  -  586 words
      • 84 17 [MEVASSERET ZION, Israel] An Israeli soldier walking off with his hamburger, coke and fries as other soldiers, on a break from manoeuvres in this January 1997fi1e photo, line up at the counter to place their orders at a kosher McDonalds outlet in a shopping mall near Jerusalem.
        REUTERS  -  84 words
      • 419 17 Lossof USslB3m including revamp charges Bloomberg ISCOTTS VALLEY, California] Seagate Technology Inc reported a fiscal second-quar-ter loss that was less than analysts expected, though the maker of computer disk drives continues to be hurt by falling prices and weak demand
        Bloomberg  -  419 words
      • 176 17 Bloomberg [NEW YORK] Hicks, Muse, Tate Furst Inc and Kohlberg Kra vis Roberts Co agreed to buy Regal Cinemas Inc for US$l.5 billion <552.6 billion) and combine their other theatre chains, creating the world's largest operator of movie theatres. The investment firms
        Bloomberg  -  176 words
      • 457 17 But chip maker reports USs2Bsm loss after charges AFX-Asia AFX-Asia PALLAS] Texas Instruments Inc's fourth-quarter earnings rose less than expected before charges resulted in a final loss, as sales of its specialty processors were offset by further erosion of computer memory-chip prices. The Dallas-based semiconductor
        AFX-Asia  -  457 words
      • 220 17 Reuters [NEW YORK] The Securities Industry Association (SLA) on Monday endorsed a proposal to declare Dec 31,1999, a trading holiday as part of indus-try-wide Year 2000 preparations. The trade group said the endorsement was aimed at allowing extra time to process
        Reuters  -  220 words
      • 433 17 Company weathering Agiiw mm tml reaping improved PC margins Bloomberg [HOUSTON] Compaq Computer Corp's fourth-quarter earnings surged 37 per cent as the world's largest personal computer maker sold more highprofit machines and has so far weathered the Asian economic crisis. Compaq's
        Bloomberg  -  433 words
      • 240 17 Bloomberg [WASHINGTON! Cable Wireless Inc received permission from the US Federal Communications Commission to offer telecoms services from the US to the Philippines using its own network or reselling the service of other long-distance companies. The FCC, in its ruling issued on
        Bloomberg  -  240 words
    • FINANCE & COMMODITIES
      • 497 18 Traders say drop reflects recent sale by Yamaichi and Asian crises Bloomberg [SINGAPORE] The price of a seat on the Singapore International Monetary Exchange plunged to $160,000 on Monday, down nearly 50 per cent from last year's high, the exchange said. The
        Bloomberg  -  497 words
      • 76 18 PINAR DEL RIO, Cuba] A Cuban sugar cane cutter working on this year's harvest in the fields outside Havana on Monday.' 'Zafreros (sugar cane cutters) work non-stop for six months to boost sugar production, Cuba's main export. Cuba is trying to recover from the lowest
        REUTERS  -  76 words
      • 420 18 Rooming US economy boosting growth of securities firms despite Asian turmoil Reuters [NEW YORK] Merrill Lynch Co Inc, Paine Webber Group Inc and Donaldson Lufkin Jenrette Inc on Tuesday all reported record profits for 1997, including strong fourth quarters, as the roaring
        Reuters  -  420 words
      • 132 18 Bloomberg [SINGAPORE] National Westminster Bank pic said it closed Nat West Futures Asia Pte in Singapore, retrenching its entire 22-person staff. News of the cuts comes three weeks after Nat West Markets, the bank's Asian equity and finance arm, axed 41 people at its equity
        Bloomberg  -  132 words
      • 111 18 FT [LONDON] Two French banks on Tuesday announced the first derivatives contract denominated in the euro, the single European currency due to be introduced in January 1999. The transaction, which highlights the growing confidence of French banks that European economic and monetary union is going ahead
        FT  -  111 words
      • 447 18 Chairman sees opportunities in regions hit by financial crisis Bloomberg [NEW YORK] Citicorp is interested in buying banks in emerging markets such as Asia, Latin America and Eastern Europe, and isn't likely to make a major acquisition in the United States, the bank's top
        Bloomberg  -  447 words
      • 247 18 ENERGY REPORT Reuters [LONDON] Saudi Arabia is toughing it out on the world oil market, supplying higher volumes under its new Opec quota and has no intention of acting alone to support sagging oil prices. A senior Gulf source said yesterday that the
        Reuters  -  247 words
      • 154 18  -  MSCI TAIWAN FUTURES By Perry Gilbert Bert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract yesterday responded well to the rise in the US equity markets overnight with institutional orders driving the January contract up
        154 words
      • 278 18 Reuters [LONDON) Gold continued its recent choppy course yester day, driven by trade related to options positions dealers said, continuing its gradual climb higher compared with its 18Viyear lows of 10 days ago. Gold fixed at U*****.90 an ounce yesterday morning, up on Tuesday
        Reuters  -  278 words
      • 260 18 Bloomberg AFP THE US dollar feU against the deutsche mark after an unexpected rise in Western German business confidence in December sparked concern German interest rates will soon rise. Germany's Ifo research institute said its index of Western German business confidence rose to 99.6 from 99.1 in November.
        Bloomberg; AFP  -  260 words
      • Article, Illustration
        1127 18 mTHKBAMI CROSS KATES 1(***** hi C$ (■> ECU Ffr ms l^ll—Ml V 1 M2$Nfc>» N96 SS twi Sfr W w Nwi «f Australia 0995 6.179 038 4.067 128 1129 ***** ***** 0J5I ***** 2.936 106 ***** 27.936 180 3293 0.999 22.194 ***** 0.407 0663 cSST 1049 1763 o2S l£ tm
        1,127 words
    • 1510 19 8ICOM FOTORBS Jan 21 MMKi<Mmidoifei|««UO|a) KSSICONTVACTtfcMtifa) Qaoo Votaaw Opoo wuwiHtmwwti m0 tm Sttt (towm) itftit Fob 98 ***** 225 Kvtt 13X25 250 £9$ ***** 4025 Sww 07.75 4250 S5 139.75 3725 u/SifM 146.25 4395 Oct/DccM 155.00 153J0 153.50 900 472S Jtn/Utr 99 '53.50 BOO Month M|b Low Satt
      1,510 words
    • 2100 19 LONDON yatMi ji« N«» it 31 Group 518 -9 AB Ports 287 .600 Abbay National *****/2 -51/2 AHMDomtcq 570 *4 AfTWC 124 .600 Asda Group 199 6 BAT Ind 575 -5 BG PIC 325 *4 BICC 132 -8 BOC Group 870 »15 BR Pttrolmn 809.400 11.400 BTR
      2,100 words
    • 1595 19 AFP O Nikkei 225 +317.81 SHARE prices closed higher yesterday as hopes for additional economic measures by the government eased concerns about the downside risk, brokers said. The 225-share Nikkei Average extended gains for the sixth straight trading day, the longest string of consecutive rises since December 1995. "It
      AFP  -  1,595 words
    • Article, Illustration
      1487 20 Reuters Hug Stag _JflUo HONGKONG stocks slumped to a lower close yesterday as investors eyed a fragile Indonesian rupiah and an uncertain outlook for the local economy, brokers said. The Hang Seng Index closed down 186.90 points, or 1.98 per cent, at 9,246.80. "Selling pressure is not that intense,"
      Reuters  -  1,487 words
    • Article, Illustration
      627 20 Reuters nStoniittßhiß THE Shenzhen B share market ended up slightly yesterday but trade remained thin due to caution ahead of the Chinese New Year holidays. The B Index added 0.81 point to 81.71 on turnover of HK$l3.7 million. "Some individual stocks saw gains but trading was very slow," said
      Reuters; Source:  -  627 words
    • 360 20 AFP HTPMn *11X7 STOCKS rose 2.4 per cent yesterday, led by strong buying of technology and financial shares, as investors were buoyed by the overnight rally on Wall Street, dealers said. "People have lots of yearend bonus with nowhere to go. A surge on Wall Street boosted investors' confidence
      AFP  -  360 words
    • 235 20 Bloomberg QWeflmgtoo -&3I SHARES closed slightly lower yesterday on concerns that companies' earnings will be hurt by the fallout from the turmoil in Asia. The NZSE Top 40-share Index fell 3.31 points to 2,254.14. Within the index, advances outnumbered declines 18 to 16. M 1 f ANZ tanking TLSO
      Bloomberg  -  235 words
    • Article, Illustration
      753 20 AFP HSHMB ♦m? INTEREST in blue chips pushed the index higher yesterday. Foreign investors snapped up stocks in the communications and energy sectors rather than banking and finance which posted strong gains earlier in the week. The SET Index finished 19.07 points higher at 432.86. Turnover was 259 million
      AFP  -  753 words
    • 364 20 AFP nOwniiMß -MM SHARE prices plunged 5 per cent yesterday on profit-tak-ing and gloom over the weakening won. Dealers said investors were also unnerved by newspaper reports that the finance ministry had ordered two major investment trust firms to repay their loans by end-June, although the government denied the
      AFP  -  364 words
    • 572 20 AFP □uOrfcrin -MJ SHARE prices fell 0.6 per cent yesterday as a strong opening gave way to reticence based on fears of further instability in Asian markets. "The rot started when the message came through that the Indonesian rupiah was at an all-time low against the US dollar and
      AFP  -  572 words
    • Article, Illustration
      673 20 AFP nOmwiteMg +17JI SHARE prices climbed 4 per cent yesterday but ended off their highs, with a weakening rupiah boosting sentiment on overseas-listed and export-ori-ented counters, dealers said. "It's just another day of outstanding performance. I would say it's strange given the fact that the rupiah is still in
      AFP  -  673 words
    • 253 20 AFP Manila -1&5 I SHARE prices fell 1.1 per cent yesterday amid signs that the firming peso was again starting to depreciate. "The peso started depreciating. That is why everyone had a fast change of mood," said a trader. The PSE Composite Index fell 18.59 points to close at
      AFP  -  253 words
    • KUALA LUMPUR STOCK MARKET
      • 391 21 AFX-Asia P Composite late +&20 SHARE prices closed mixed yesterday with investor sentiment slightly bruised by the political unrest in Indonesia and the weakening rupiah, dealers said. They said earlier falls were cushioned by late support for blue chips, particularly Sime Darby. The KLSE
        AFX-Asia  -  391 words
      • 7686 21 Cmsmmt predicts im L«t v«< (My JM High U» Cimpany «H ■OOP HN» rn tatf 245 no Ajtaomoto 2W -25 2 2W *0 n.4 811 MM 73 Angkasa 93 -4 30 97 92 JJ" 183 >23 Apollo Food Hlg 175 -5 31 178 "5 5.1 TOO 250 190 BerlayeLand 250
        7,686 words
    • WARRANTS & OPTIONS
      • 229 22  -  WARRANT WATCH By Ven Sreenivasan WE CONTINUE to highlight cheap warrants which show signs of being a good bet in a volatile market. Today's feature is the warrant issued by property and shipping concern Hai Sun Hup Group. The instrument slipped 0.5 cent to
        229 words
      • 3128 22 llw LMt V* D*V Loot Owl* *1 Hljl Lw Sta* Cw«My Mt *«r- POOOt H» L*» If W" 68 9 m 3000 m AM08 c53«*****6 3160 »Ac*r ******1 USS unch 2 «3 131 as 3164 Acma ******4 13-5 -3 14 13.5 >2-5 13 15 n 53 26 3161 A8T*cfl W*****7
        3,128 words
    • 1896 22 Transaction Date Jan 21 I Cr 0* 1997/96 Last Vat Day LMtOaala Dh Oh W "J MCap L— Stw Camp—* Ml *h roow P* W* 478 28 msSOOO AISBSOc 953 «03 4608 KM 89 95 50 33 lO «J *0 137 12.5 mi 5001 AM0850C 205 -2 427
      1,896 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1333 23 S* H SB iSj tK i® 1& ST jus JS -as -gg SCSOAO BM9 *a>*4(bnilHttMu. V)»lm ntnOuHd <m»* torn**)'* «=i»i rn m I I 20 0 7 2* J Pttwtotlan* 0 0 0 0 7 o 110 EST* TOTAL U2 44 Kg 2» SCSOAO 000 0 0 0 v 9t*a
        1,333 words
      • 3630 23 Tr ansaction Date Jan 21 Or Or M Wt Val D v LastOuota Mv Otv VM IM Caa At* hJTjJ. StMo Company <&» High IINDUSTRIALS 157 tas 1020 ACE 0ynamlcs60c 26 *2 "7 26 24 2&S IT 24 S146 ASE MTS10 200. US- M5 3,2 88 5 885
        3,630 words
      • 734 23 Or Sr M Wt ,497/91 L*t V«4 Day LMt 0n«>« Ota 01* VM MM C# A«« HlQll Low StM* ftjgg Ml COOP) HH* L»w l»8tr C T m P SESOAQ a j 71 2000 tRD HUM 5c 116 TIO W 3-0 6.0 0.1 16&.7 51.6 I0T 76 2049 5»
        734 words
      • 206 24 Volume SingTel 15c 15,719,000 STEngglOc 11,827,000 *M8f Capital IU53.000 fekapacific Bti 10,382,000 *|mo*est BM 9,266,000 *ftenong BM 50c 7,161.000 BBS Land 6,926.000 •»HBCapWt99 5.149,000 *MBF Land BM 5,029,000 WwqTai25c 4,942,000 Recks SingTel 15c 54,211,840 SIA Foreign 38,348.274 DBS Foreign 28,542,825 OCBC Foreign 21,239,452 OtyDev 50c 18,889,513 STEngglOc 17,545,010 •NBT 17.522,640
        206 words
      • Article, Illustration
        58 24  -  by Shiv Taneja CASH closed 2.5 cents lower yesterday at 54 cents on a volume of 3.45 million shares, compared with its 10-day traded average of 1.96 million shares. In the near term, there will be more downside for the counter daily RSI and stochastics are over 75.
        58 words
      • 661 24  -  STOCK MARKET COMMENTARY Afternoon recovery comes after European markets open; sentiment remains cautions, however By Ven Sreenivasan [SINGAPORE] Stocks here fell in the morning yesterday but recovered in the afternoon after European markets opened, suggesting that offshore funds were again nibbling their
        661 words
      • ON THE GRAPEVINE
        • 101 24 THERE'S a new acronym for Singaporeans to get used to, but this one is quite cute. The just-announced merger of the Institute of Systems Science and the Information Technology Institute is named Kent Ridge Digital Labs (KRDL). It's pronounced "cradle" because, presumably, it will nurture
          101 words
        • 135 24 THE investor relations outfit at Singapore Technologies Industrial Corporation may score many points for its warm-hearted accessibility and flashy smiles, but a few number-crunchers have this grouse about STIC: it has a long way to go in being more transparent about its business activities. While noting that STIC has
          135 words
        • 133 24 JUST how badly has the erosion of the rupiah's value hit the Indonesian hoi polloi? Badly enough for fellow scribes in Jakarta to append job applications to their press queries. The spin doctors responsible for promoting British computer systems specialist and network integrator, Logica, shared the
          133 words
        • 83 24 JUST goes to show how quickly things change in financial markets. Euromoney's January issue, which we've just received, still featured troubled Peregrine's 34-year-old head of fixed income and forex operations as one of its top 50 in finance who are under 40 years old. With
          83 words
        • 105 24 BUT here's some great news feu* the less fortunate of traders who, sometimes through no fault of their own, are finding themselves in transition through retrenchments and cutbacks. If their ex-employers have no faith in them, apparently some information vendors do. Word on the street has it that
          105 words
  • Page 13 Advertisements
    • 56 13 T-Jjv. property finance FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval it i V The Royal Bank of Scotland pic
      56 words
    • 9 13 HK Telecom deal: no property redevelopment included, Pg 14
      9 words

  • Page 14 Advertisements
    • 392 14 I A WEEKLY SUMMARY OF I I HOME NEWS I I AT YOUR FINGERTIPS I I r r—3*, The Straits Times Weekly Edition brings you a crisp fTVmPS summary of the wesk% major happenings in Singapore and I 11 i in the Aaean region. Cowring news from social issues, potties,
      392 words

  • Page 15 Advertisements
    • 107 15 I* In S((/ ji il I lln -\iA jl A MITSUBISHI ELECTRIC ;l |0 I nil 111/ I tin /s i <// #1 I* rV/'g/j/ To Remember... *1 I UNFORCEITABLE j js THE NAT KING COLE STORY I* A musical based on the ife of the great crooner, tracing his
      107 words

  • Page 16 Advertisements
    • 78 16 Wm aovxc* Mr fw Hr By IV/ V H mJU mj mIE I Soon you'll have freshly squeezed business newsWf t morning. I jp JV I u I m t mm CNBC Asia Business News will be changing your morning ritual from Feb 2. V 4 Sfrrirf nf SBC Sc
      78 words

  • Page 17 Advertisements
    • 93 17 Life is soothing at the ANA hotel. Situated amongst a glade of tall trees, surrounded hy exotic flora and fauna. It's hard to helieve that you re only minutes away from Orchard Road and the Financial District. Add the luxurious amhience reminiscent of a private cluh, and you ve got
      93 words



  • Page 20 Advertisements
    • 61 20 10 -lJr\ toldN rhecard we're\ I calling about was a making for Susan 1 l3Tn J V gCKXI Ap.wegotwhaX lis going to be J V The Straits Times Jf >nr I wewante^ b f use V real nice NL —1 of the wide choice I—> y Buyinfi or selling thcoufih
      61 words


  • Page 22 Advertisements
    • 41 22 ■/*TR| ALFRED DUNHILL Sill j wb LONDON v II The New AD 2000 Carbon Fibre Fountain Pen y'T The New Millennium Watch VisiT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE. THE PARAGON. NGEE ANN CITY. SOGO RAFFLES CITY AND DAIMARU LIANG COURT.
      41 words


  • Page 24 Advertisements
    • 335 24 Notices To advertise 03,1 toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Kwok Hoi Kwan of Blk 535 #03-280 Pasir Ris Dr 1. Singapore *****5, have applied for a Ist Class Beer House Licence in respect of M/s ACES Top located at 457/461 Balestier Road Singapore *****6, and that
      335 words
    • 322 24 NOTICE IS HEREBY GIVEN that, I Seow Hong Watt of Blk 12, #03-3958, North Bridge Road Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s Lam Seng Huat located at Blk 18, 101-0164, Jalan Sultan Singapore *****8, and that this application will be considered by
      322 words
    • 529 24 NOTICE IS HEREBY GIVEN that, I Lee Soon Heng of Blk 146 Yishun Street 11 #07-19 Singapore *****6, have applied for a First Class Public House (extended) Licence in respect of M/s My Blue Heaven Pub Cafe located at Prince Edward Lounge, Singapore Polytechnic Graduate's Guild, 500 Dover Road Singapore
      529 words
    • 519 24 Buy It. Sell It. Find It. Classified. M Call Today For Results Tomorrow 1800-737-1106 HOCK SENG MOTOR CO. (PTE) LTD (MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act. Cap. SO that the FINAL MEETING of the Members of the abovenamed company
      519 words
    • 278 24 THE COMPANIES ACT, CAP. 50 FRANK INVESTMENTS PTE LTD (In Liquidation) At a general meeting of FRANK INVESTMENTS PTE LTD duly convened and held on the 21st day of January. 1998 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to Section 290(1
      278 words
    • 407 24 THE MATTER OF THE COMMMES ACT, CAP. SO WAJAR-TAM CORPORATION PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meetna of the members of WAJARTANI CORPORATION PTE LTD duly convened and held at 6001 Beach Row] *14-01 Golden Mile Tower. Singapore *****9 on the 21 day of January 1998. the
      407 words
    • 41 24 BUY it SELL;/ FIND Classified ads are purr... feet for finding lost little* kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. YOll fit KOO-737-11M ,«£J (•It T*4«t (m Itttlli Watrtt*.
      41 words

  • SHIPPING TIMES
    • 286 25 Bridge News Reuters C APESIZES faced a gloomy short term outlook with few new cargoes and easier rates, particularly for South African cargoes, brokers said. fixtures TANKZaUk Trading was again sluggish for most sectors with new enquiry thin and the market "lacking direction", brokers said. There was continued
      Bridge News; Reuters  -  286 words
    • 234 25 JmU «t *h H cm w«>i»ua— aso ooss "so "<* *o« 204 CMMtNMtaMt-OJI *0-04 2 rMMLMl OJ1 *0.0*5 MS Mi«Hw=au «nd« n iftiMlmii asss *0.098 zn WCHoMnfl NK MO JpyaHaWnn 0.35 002 40 Jurona SMpyart 7.90 *0.10 61 »IHllC» 3.94 022 4377 KappplFELS 4j40 «0.tt MS wappl Marina
      234 words
    • 454 25  -  regional ports has been hit, tat the event has drawn interest from outside Asia By\ Marcus Hand [SINGAPORE] A record number of visitors is expected at the SingaPort '98 international maritime exhibition and conference this year despite the regional economic turmoil. PSA
      CHRIS LOH  -  454 words
    • 757 25  -  MHWBUILPS By David Hughes CHINA is determined to become a major shipbuilding country and there is little doubt that it will, in the longer term, achieve this ambition. Exactly how the country's yards should go about realising this objective has, however, been under
      757 words
    • 244 25 Reuters [TOKYO] Orders for Japanese and South Korean shipbuilders are likely to slow as Asia muddles through a regionwide economic crisis, a Japanese industry body said on Tuesday. "Quite a few ship operators will likely hold back from placing orders until
      Reuters; FILE PHOTO  -  244 words
    • 367 25 Number of seafarers him doubled last year compared to D 6 Reuters [LONDON] More than 50 seafarers were killed in increasingly violent pirate attacks on ships around the world last year, a report released this week said. In its annual report on piracy,
      Reuters  -  367 words
    • PORT Shots
      • 78 25 AFX-Asia (TOKYO) Japan December shipbuilding orders rw»t§|aji*/; million groes tonnes with 37 vessels on the contract baiv. from 718,740 gwt with 19 vessels a year earttsr, said Jsflta Ship Exporters Association. The aseortatlonslsosstf to the quarter to December, shipbuikHngordewrtSatoSMtt million fwt with 71 ahlpe, from lJsmflMonftrt«ilkf>
        AFX-Asia  -  78 words
      • 89 25 [HONGKONG] The Port ofTianiin. Bering's gatewsgr to the sea, is undergoing a 15-year plan to increaw capacity to 100 million tons by the year 2010. Throughput In l»7w*s 68 million tons, according to the director ofTiaJaflnPort Administration, up almost 10 per cent on 1996LSincatf86
        89 words
      • 92 25 [HONGKONG] Ten foreign firms have eaE^*4?P"9< kjTtn building the Lingdtngyang Bridge, wbteh win Wlfcilff fromZhuhaltoHengkiom m imssU* ress! lliH| flWilu 't Hongkong's Huachen Stock Hotting C? and Wiv 1 Corporation of the US are intsnton parthrlpsttnjtathe US$2 billion (553.5 billion) project, according toa $**01 China Morning Post
        92 words
    • 924 26  -  SHIPPING COMPANIES Study shows firms sell shares for 3 reasons: vessel acquisition, speculative asset play and debt repayment By\ Marcus Hand [SINGAPORE] SHIPPING stocks are viewed by many investors and institutions as being unattractive, but this has not stopped an increasing number of shipping
      924 words
    • 193 26 PAGE Dongnama 7 •a KL 5 AN I 3 6 Accord tur0hJW j "t" tot'O J Clink 4 Austral 9 Gamartrans DM 7 A G#ftshoc 9 Mamindo 7 BtysMitf HMMII 9 •'tang Mas M j •COM HfyngA Hyundai 7 cosco s lndoguW s
      193 words
    • 24904 34 THEBUSINESSTIMES THEBU sinesstimes EXPORT I m m vnul VMM* TttMhon. I tTA ETA Mvtfttwr V«Ml VWK HfHwm pta FT* Advartisar Vasxal Voyaga Talaptiond ETA ETA Advarttsaf Vaxxal Voyaga mat**™ cju naxt'n M—a M—« Mumtoar Nmwbxr SIM Pwfn Nwi SIN Daxtn Nama 05/02 01/03 Evargraan t GOLDEN I-040W 45-192*1
      24,904 words
    • SHIPS IN PORT
      • 724 39 Vassal Voy No MftH Arrival Dtparturt Hmtan Baru 0 ***** J02 alongside 21.01/2300 Bt Afriial 0 ***** J01 alongslde 22.01/0900 Victoria An 2 3N J10 ilongsld# 21.01/0600 Adl DM 1 JIT 22.01/1900 23.01/0500 Julia Siriyi 0 296 J02 22.01/0600 23.01/2000 tt AMdi 0 W198 J01 22.01/0630 22.01/1500 tt
        724 words
      • 2036 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Booking/Mine* litis Ship Voy Mo Etl/itf Ported Prow To Frow Hi UK OOOA 24/B to H2VS NIW lOVH M oo rs* st 2V<i 2A2V17 M Z2/M St 22*1 212V17 M22/00 W22/W 122/0? M 22/11 SI 22/M 4 22/12 00 22/M
        2,036 words
      • 214 39 JuM 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. ten Brunei: Chinese New Year. Hong Kong: Lunar New Year. Malaysia: Chinese New Year. Singapore: Chinese New Year. South
        214 words
      • 855 39 THIS report, compiled by Cockett Marine Oil Ltd. thowi price range* in US dollar* Instead of single price* far a more comprehensive description of the market. Prices shown are baaed on average-sized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        855 words
      • 371 39 carton WO Mai Ml M 8.4 O.M ST 0.05 Jm 21 DwhRv Watar ltnl«iii Ask UmMm Mtawrt Mo *«m E2S 0 0 2 2.0 0 ==2 310 Am Ml OJ OA 0.07 28 0.02 3M Mn MOi 0.T I1A 0.13 #7 0.04 won »9/9 Im/M »H/W
        371 words
    • AIR & LAND TRANSPORT MEWS
      • 284 40 Reuters (BRUSSELS! Europe's major airlines sharply criticised the European Commission, accusing it of delaying transatlantic alliances, favouring new rivals and of trying to over-regu-late the allocation of slots at airports. "The established airlines of Europe are concerned about tendencies in EU bureaucracy
        Reuters  -  284 words
      • 473 40  -  An in principle' agreement has been reached on India's USs37om airline By\ Felix Chan [SINGAPORE] Singapore Airlines has reached an "in principle" agreement to provide technical support to the US$37O million (*****.5 million) new domestic airline project by India's Tata Industries.
        FILE PHOTO  -  473 words
      • 482 40 Tentative agreement with pilots' group after 6 days of talks Reuters [WASHINGTON] United Parcel Service said on Tuesday that it was looking ahead to a major expansion of its business after reaching a tentative contract agreement with its 2,100 pilots. A
        Reuters; FILE PHOTO  -  482 words
      • 439 40 Carriers deny plans to suspend services due to govt stance AFP [BANGKOK] Thailand's Transport Minister on Tuesday rejected a call by foreign airlines to be allowed to quote their fares in dollars to beat the effects of the plunging baht, officials said. But representatives
        AFP  -  439 words
      • 1407 40 cm FU6OT CU fUCOT ITB Ate mmj MM fMlhrt S0C5 1535 M7305 2220 fg" gg IHTTt IMS 0TO5 2220 MataMt 0*7301 1930 0*7302 2050 una gift $0326 2355 OW »30 M» 2220 "£5 *0 IHT79 2399 —rt«— (1643 0550 a» 2335 W K0 22 40?* 2355
        1,407 words
      • Article, Illustration
        49 40 MUNICH, Germany] Manfred Bischoff, chairman of Daimler-Benz Aerospace AG posing for photographers in front of a Eurofighter prototype in Munich on Tuesday. Mr Bischoff told a news conference the company aimed to achieve the Daimler Benz group goal of 12per cent return on equity this year. REUTER
        REUTER  -  49 words
      • 438 40 Bloomberg (HOUSTON] Continental Airlines Inc's fourth-quarter earnings jumped 55 per cent, topping analysts' expectations, as higher fares and increased travel pumped up earnings. Houston-based Continental's net income rose to US$73 million (*****.2 million), or 97 US cents a diluted share, from US$47 million,
        Bloomberg  -  438 words
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  • Page 39 Miscellaneous
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