The Business Times, 23 January 1998

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (Pi 110/12/1)7 Internet: http://www.asial.com.sg/biztimes SINGAPORE FRIDAY, JANUARY 23,1998 85c
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  • 20 1 QIMJT (-28J4) mrw kJ nm (-16.78) KLSE COUP J5SS _ZlM4 25S5oZZ5S5zz5S TAB'S wn SttXJLCDMP MUt -IW7 cisachbiab—mi»—an AUBTAii,MO—XWIM—_^4
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  • 434 1  -  Low starting prices fail to kindle interest, with lone bid coming in below reserve price By. Abdul Hadhi [SINGAPORE] Auctioneer Pan Tien Chor of Jones Lang Wootton (JLW) pretended that he was stunned. There was only one bid for the 10
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  • 490 1  -  By] David Boey [SINGAPORE] The government will not make cuts to employers' Central Provident Fund contribution rates despite trying economic conditions, Lim Boon Heng, Minister without Portfolio and NTUC chief, said yesterday. Responding to reporters' queries after he opened General Automotive Services'
    490 words
  • 596 1  -  Defence comes on eve of major debate in Congress on the dinton-IMF approach From Leon Hadar in Washington THE Clinton administration's top economic official defended on Wednesday the multi-bil-lion dollar rescue programme for East Asian economies and warned that unless the region's
    596 words
  • 855 1  -  Analysts warn that Indonesian crisis coold spin oat of control From, S N Vasuki in Jakarta THE rupiah was staring down a bottomless abyss yesterday when it briefly touched the 16,500 level against the greenback, prompting analysts to warn that Indonesia's economic crisis
    AFP; Source: Bloomberg  -  855 words
  • 169 1 [SINGAPORE] Regional stockmarkets fell by up to 4 per cent as another wave of tremors hits regional currency markets yesterday. The falls were triggered by the Indonesian rupiah's plunge to a new low of 16,500 against the greenback amid continuing fears over the
    169 words
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    • 106 1 DBBBB GWMP r The current regional currency and aooatenlc crisis is uaaty to Drmg tne Aaean countries ckimr Minister Lee Kuan Yew yeetenlay. P|4 CL„L—L-IL4 »m» ItmfnuesM in the fcod and beverete industry in Singapore are expecting a toush time this year, w«V* P|2 htktbnta Be prepared far chaoses you
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    • 9 1 DBB awlUihea to daily rest for home loans, Pg2
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    • 359 1 ,Pg2o-24 >_ *Jssmߣm mMA I 7U /V* ttflHp *»>• 9 ■'V I Bk, .m iBBSSk.,I} {Tffdnfl^'' Reunion Dinner H ffi Celebrate the beginning of a prosperous Chinese New Year in one of our fine restaurants and let us spoil you with some of the best foods in town.... Having been
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  • SINGAPORE AT HOME & ABROAD
    • 142 2 FAR East Organisation says it will make 7.5 per cent gross yields from leasing its Hougang Point mall to NTUC FairPrice. Fair Price recently signed an agreement with Far East for a lease term of 12 years for all 103,600 sq ft
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    • 540 2  -  gtnagtktfaparti will offset weaker itiii By\ Siow Li Sen SINGAPORE will not slip into a recession because the continued strength of its exports will offset weaker consumer demand, says Goldman Sachs. The investment bank sees the Singapore economy growing a slower 5 per cent this
      540 words
    • 502 2  -  Slowdown starting to bite: some businesses cot prices, some ask for longer credit and some may close down By] Frances Lui BUSINESSES in the food and beverage industry in Singapore, especially the upmarket restaurants and clubs, are expecting a tough time this year,
      502 words
    • 263 2 THE Singapore Trade Development Board (TDB) yester-. day launched an Internet service that is estimated to save the trading community $2 million to $3 million a year. TDB's Trade Net system is an electronic network linking organisations and businesses for faster and cheaper trade transactions.
      263 words
    • 344 2  -  EYE ON THE ECONOMY Finance Ry\ Clarissa Tan GROWTH of Ml, the most liquid measure of money supply, slowed to a mere 2.8 per cent year-on-year last November, while M 2 growth came down to 9.6 per cent, the lowest in almost a
      Source: MAS  -  344 words
    • 319 2  -  By' Teh Hooi Ling SINGAPORE'S telecommunications industry cluster grew an estimated 14 per cent in 1997, hoisting output by the industry to $3.03 billion, said Economic Development Board chairman Philip Yeo yesterday. In 1996, the sector was a laggard, expanding by a mere 3.5
      ARTHUR LEE  -  319 words
    • 474 2  -  By\ Siow Li Sen DBS Bank has switched to computing interest on a daily rest basis from monthly rest for its home mortgages, a move that offers some respite to home buyers in the face of rising interest rates. The other Big
      474 words
    • 564 3  -  Mobil increases cat in output to 20% from 5% and Esso to 15-20% from 5-10% By\ Ronnie Lim WITH the regional currency crisis causing a continued slump in oil product prices, two Singapore refiners have made even deeper cuts to
      564 words
    • 402 3  -  By\ Soh Tiang Keng ANNUAL claims paid out by the Central Provident Fund under its Dependents Protection Scheme (DPS) its life insurance plan have more than doubled since the launch of the scheme in mid-1989. In 1996, CPF paid out $64.6 million in claims
      402 words
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    • 438 3 Obrixj&tA. jhrtmwtfnwKl Pursuant to Aitkics 437,442,465,466,468 and 472 of the Insolvency Law of 1851 DECLARATORY JUDGEMENT OF BANKRUPTCY UNDER OATH by Presiding Jud jej of the Commercial Tribunal in die Belgian PsUce of Justice at B«nknip»cy Hesriaj 22-01-97 in die presence of die Vice Prrsideiu of the Court, with Senior
      438 words
    • 429 3 ■0 J <j I B M m B 4fl I M H H viM 31 H j The Domaine Mandeville Chardonnay (pronounced Doh-main Man-der-vM Shar-don-nay) is a dry, smooch and fruity white wine with a pronounced bouquet typical of the Chardonnay frape. The Domaine is situated at the fooc of
      429 words

  • MARKETS IM TURMOIL
    • 407 4 Levitt urges investors to be aware of risk inferences among mutual funds Bloomberg [WASHINGTON] US Securities and Exchange Commission chairman Arthur Levitt cautioned investors to be wary of mutual funds that invest exclusively in specific Asian countries. "I am concerned about
      Bloomberg  -  407 words
    • 320 4 Reuters (BRUSSEUPRlnternational Monetary Fuiid (IMF) managing director Michel Camdessus dismissed on Wednesday fears the global economy will be swept by a deflationary wave because of the financial crisis in Asia. Mr Camdessus, in Brussels to address the European Parliament's development committee,
      Reuters  -  320 words
    • 496 4 Reuters [SEOUL] South Korea appeared yesterday to be getting closer to a debt restructuring deal after talks with its bankers in New York, while US officials urged international creditors to show some restraint. According to one banker familiar with the talks,
      Reuters; AFP  -  496 words
    • 574 4  -  Tap banks taking part in govt investment mtaktotoS-EAaa From Bruce Cheesmen in Taipei TAIWAN is capitalising on South-east Asia's financial meltdown to expand the regional networks of its main private and state-run banks. As Japanese banks cut back on their Asian funding commitments,
      574 words
    • 489 4  -  He says regional crisis it toughest situation'he has seen since 1966 From Conrad Raj in Bangkok THE current regional currency and economic crisis is likely to bring the Asean countries closer together rather than tear them apart, said Senior Minister
      489 words
    • 330 4 Bloomberg [SEOUL] South Korea's 26 commercial banks lost money as a group for the first time last year, battered by record bankruptcies and plunging stock values. The banks lost a combined 3.9 trillion won (5)3.9 billion) in the year ended
      Bloomberg  -  330 words
    • 297 4 Reuters [SEOUL] Ailing South Korean carmaker, Kia Motors Corp, said yesterday it was seeking 500 billion won (Sssoo million) in foreign equity investment to clamber back from the brink of bankruptcy. Kia chairman Jin Nyum said the company aimed to raise its paid-in
      Reuters  -  297 words
    • 182 4 Reuters [JAKARTA] Indonesia, its currency plunging to fresh lows, is bracing for mass layoffs with at least one million people expected to lose jobs this year because of the crisis, government officials said yesterday. "The present unemployment figure stands at 2.7 million as
      Reuters  -  182 words
    • 168 4 AFP [SINGAPORE] The credits ratings of many insurers in troubled Asian economies have been downgraded and the prospects of those overly exposed to asset markets are bleak, global ratings agency Standard and Poor's warned yesterday. "The immediate prospects will be bleak for some
      AFP  -  168 words
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  • SOUTH-EAST ASIA
    • 513 5  -  KUALA LUMPUR Loss of consumer confidence, tougher f iptf ted price increases dted By Meera Tharmaratnam MALAYSIA'S auto market will likely see a 60 per cent plunge in sales this year, reflecting fast-declining consumer confidence and tougher financing terms, according to
      513 words
    • 249 5 KUALA LUMPUR Reuters MALAYSIA'S Finance Minister Anwar Ibrahim said yesterday the government cannot commit itself to fully reimbursing outlay on construction of the deferred Bakun dam project in Borneo. The national Bernama news agency quoted him as saying in eastern Sabah state
      Reuters  -  249 words
    • 216 5 MANILA AFP THE International Monetary Fund (IMF) will require the Philippines to submit a "comprehensive reform package" before it can gain access to a quick-disbursing standby facility, a senior fund official said yesterday. David Nellor, IMF deputy director for the Tokyo-based Asia-Pacific
      AFP  -  216 words
    • 289 5 KUALA LUMPUR PM worried about fall-out from Indonesian crisis Reuters AFP MALAYSIAN Prime Minister Mahathir Mohamad, whose government is grappling with an economic slowdown, yesterday said he was not planning to quit office. Dr Mahathir said after the inaugural meeting of
      Reuters; AFP  -  289 words
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    • 28 5 THE SENSIBLE HOTEL p* f IBBKM ww BT^ JMdiktftei /Sam /0 to CW, »TbrW Mo Cnfro, S«*or cm 744 81 If 15, Tonjong Korong Rood, Singapore *****0 (ompfcorp***;
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    • 264 5 I IMOKIA Connecting People Reach for the phone that adapts to your life, the new Nokia 6110. Now you can 'control* who calls you and when, at clarity that many have claimed is as good as landline. the touch of a button with the new Nokia 6110. There's also our
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  • CHINA-HONGKONG-TAIWAN
    • 414 6 BEIJING Central bank also shuts down branches; moves seen partly as response to Asian crisis AFP CHINA'S central bank has decided to step up the supervision of the banking system and shut down its own provincial branches to increase central control, the official Xinhua
      AFP  -  414 words
    • 349 6 TOKYO Close ties seen making it vulnerable if yuan's devalued Reuters TAIWAN is likely to be able to avert a currency crisis with its abundant foreign reserves and sound economic fundamentals, but excessive exposure to mainland China by Taiwanese firms remains a potential risk
      Reuters  -  349 words
    • 291 6 BEIJING AFP CHINA'S growing political influence and its improving regional relations are combining to create a favourable atmosphere to push for reunification with Taiwan, the Worker's Daily said. "Looking at the course of history, we have great optimism that the two
      AFP  -  291 words
    • 716 6  -  unnfrai HOMUOINI Gloom and doom pervading the South-east Asian region has now hit tho colony By Loh Hui Yin SUDDENLY, a much-delayed chilly blast of winter has hit Hongkong fUll in the face. The mood a few days before Chinese
      716 words
    • 554 6  -  TAIPEI But few complain as cost of carrying CNN is high and there are no sob-titles Byl Bruce Cheesmen TAIWAN'S perennial cable TV wars have taken their most notable international scalp CNN. The US cable news giant has been forced off the
      554 words
  • Page 6 Advertisements
    • 133 6 4 r, x V W' v 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
      133 words
    • 190 6 SMITH ZAIN SECURITIES SDN BHD J (A Member Company Of Kuala Lumpur Stock Exchange) (Company Mo: *****-H) pl/ e, a stockbroking company with international links are seeking dynamic and suitably qualified candidates to fill the following position. MMMMMfIHMMMHWIBEE I The Compliance Officer will report to the Board of Directors and
      190 words

  • ASIA
    • 250 7 PARIS AFP FRENCH President Jacques Chirac leaves for a three-day state visit to India tomorrow with one goal in mind: pumping up his country's lagging trade performance in the democratic world's biggest pool of potential customers. With Mr Chirac will be
      AFP  -  250 words
    • 491 7 TOKYO Chip with US rises 41% to 5t yen, analysts expect sharp reaction AFP JAPAN yesterday announced its trade surplus in 1997 soared 48.5 per cent to 10 trillion yen US$77 billion (Ssl37 billion), triggering fears of a backlash from major
      AFP  -  491 words
    • 262 7 HOBART, Australia Reuters AUSTRALIA'S Labor opposition party pledged yesterday to make closer links with Asia its top international priority if it wins a snap election, expected as early as July. "Labor considers there is no more important foreign policy issue facing Australia than
      Reuters  -  262 words
    • 276 7 SEOUL Proposed move will send wrong signal to N Korea, lie says Reuters SOUTH Korea's proposed defence spending cuts "would send a wrong signal" to the communist North, US Secretary of Defence William Cohen said yesterday in Seoul. "We believe any reduction in the defence
      Reuters; AFP  -  276 words
    • 358 7 TOKYO Reuters JAPAN'S property market, which was on the verge of recovering after a long illness, has fallen sick again as problems in the financial sector have brought trade to a halt, the president of Mori Building Co Ltd says. Minoru Mori said
      Reuters  -  358 words
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    • 138 7 <H 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 ulslted
      138 words

  • THE WORLD
    • 604 8 WASHINGTON Fed says weaker experts te Asia, cheaper imports keep lid en US prices Bloomberg INFLATION remained absent from the US economy in recent weeks as Asia's financial crisis slowed growth and unleashed a flood of cheaper imports that helped keep prices
      Bloomberg  -  604 words
    • 356 8 PARIS Reuters FRENCH jobless activists yesterday vowed to press ahead with protests after Prime Minister Lionel Jospin offered them a sweetener falling far short of their demands for hikes in minimum welfare benefits. Reactions among protesters ranged from disappointment to anger after Mr
      Reuters  -  356 words
    • 325 8 WASHINGTON Bloomberg US BUILDERS began construction on fewer houses in December, though for all of last year, housing starts put in their second best performance in almost a decade, government figures showed. Construction starts unexpectedly fell 0.8 per cent last month
      Bloomberg  -  325 words
    • 321 8 FRANKFURT Bloomberg THE Bundesbank left its toll set of interest rates unchanged, as expected, though investors and analysts are preparing for higher borrowing costs in the next few months as Europe's common currency approaches. The German central bank left its floor discount rate at
      Bloomberg  -  321 words
    • 388 9 WASHINGTON Char&saDegethathe had affair with White House intern who was told to lie about it Reuters PRESIDENT Bill Clinton came under siege politically yesterday as a potentially devastating scandal involving alleged furtive sex between him and a former White House intern
      Reuters; REUTERS  -  388 words
    • 791 9  -  HUKOraAVTXHW From farm prices to food production has taken on economic, ethical tones By Kevin Sullivan FOOD is in the news. Berlin International Green Week, the world's largest exhibition of food growers, breeders, processors, packagers and retailers, has been in full swing, giving rise to
      791 words
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  • Page 9 Advertisements
    • 31 9 FOUR SEASONS /A inricli Wcifi^ I amni < mi:i.or f|| .WI Orchard Rodri #02-12 \i;cc \nn it\ A lakasliimaxa Shopping nitre S'inguporc *****2 j Tel: 712 50/2 I i/.v: 7.17 If*.* 2
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    • 128 9 t-' <H 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
      128 words
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  • Page 10 Advertisements
    • 1371 10 BUSINESS Notices ——*gg "J -BAVIMO (Incorporated in Slnfppore) NOTICE OF ANNUAL GENERAL MEETING February 23,1998 at 11.30 a.m. to transact the following business: Ordinary business 1. To receive and consider the directors' report and aucfted financial r p financial year ended September 30,1997 and the audtors report thereon. Reeoiution i
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  • EDITORIAL & OPINION
    • 726 11  -  1 mwwiM— OPINION By Kenneth James The writer is BT's technology editor WHATs in an acronym? Plenty, if the name is Kent Ridge Digital Labs, the new kid on the Singapore high-tech block. Someone suggested that its acronym, KRDL, really stands for Kool Research Done
      726 words
    • 130 11 'May Cuba, with all its magnificent potential, open itself up to the world and may the world open itself up to Cuba so that this people, which is working to make progress and which longs for concord and peace, may look to the future with hope.' -Pope
      130 words
    • 564 11 EDITORIAL THE alarming erosion in the value of the rupiah this week has plunged Indonesia deeper into an unprecedented economic crisis. The efforts of the International Monetary Fund (IMF) and Indonesia's allies to help rebuild its faltering economy have not stemmed the sharp loss of confidence. Financial
      564 words
    • 1112 11  -  Opposition Shinshinto has crumbled but its splinter groups could evolve into a radical political opposition By. Anthony Rowley The writer is BT's Tokyo correspondent AS JAPAN stumbled towards recession at the end of last year and as its financial system teetered on the brink of crisis, not
      FILE PHOTOS  -  1,112 words
    • 408 11  -  WAIT-WW Dr Khor Hoe Ee Monetary Authority of Singapore Singapore IN 'Time to peg Sings to the greenback" (BT, Jan 20), Dr Augustine H H Tan proposed temporarily pegging the Singapore dollar to the US dollar, in order to arrest the slide in the
      408 words
    • 394 11 AT the initiative of Hongkong's Liberal Party chairman Allen Lee Peng-fei, members of the Provisional Legislative Council (Legco) are giving up this year's HK53,500 (SS800) increase in their allowances to show their sympathy for those suffering from Hongkong's current economic setbacks. The amount is small, considering
      394 words
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  • Page 11 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 963 12  -  This is the essence of the art of Filipino painter and National Artist Arturo Luz, says bun mumboe BEIN MUNROE THIS week, as part of the Philippines' Centennial Celebrations, Singapore is fortunate enough to play host to a Filipino artist who has just been declared
      963 words
    • 551 12  -  ART rjntmocrfiMtfrilo East, while size doesn't matter it a new exhibition on at Millenia Walk By 1 Tan SU Yen [SINGAPORE] Chinese calligraphy meets Islamic creativity in a unique celebration of Eastern art traditions ahead of the joint Lunar New Year and Hari Raya celebrations
      551 words
    • 718 12 Isle of Man —a filmmaker's dream location SHOW BUSINESS This remote island in the Irish Sea is attracting producers from Hollywood Reuters [DOUGLAS, Isle of Man] When Long John Silver sailed into the Isle of Man, a liberal sprinkling of doubloons turned this windswept little rock into a real Treasure
      Reuters  -  718 words
    • 1047 14 AUSTRALIAN OPEN Sanchez Vkario safes; Koarmkova faces Hingis in dream third roond match Reuters [MELBOURNE] Andre Agassi flew the flag for the US after third-seeded compatriot Michael Chang was bundled from the Australian Open yesterday but it was the French who set the pace
      Reuters; REUTERS; AFP  -  1,047 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 765 13 TV&RADIO 7.30 Life With Roger «-30 Salanam (AIDS Prog) PI HMD B Friday Ticket To The 7.00 Amali Thumali. Jfe 2.00 PM TV Innovations. Movie: Sci-Fi Action on 5! 7.30 Tamil Seithi (News, T). 'W^ML 130 The Winners. Terminator 2: Judge- 8.00 Berita 12(News). jßw 1 3.00 Money. Money. Money.
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  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 462 15  -  Disclosure in financial statements comes under revised SAS guidelines By, Jennifer Lien [SINGAPORE] For the first time, Singapore companies will have to disclose unrealised foreign exchange losses or gains in their financial statements under new guidelines drawn up by the Singapore accounting
      462 words
    • 425 15  -  From] Russell Baker in Sydney SINGAPORE'S Freight Links Express Holdings yesterday announced that its Australian subsidiary is raising A 16.11 million (Ss7.l million) and seeking re-quotation on the Australian Stock Exchange (ASX). Freight Links Express Holdings (Australia) is seeking A 53.85 million
      425 words
    • 638 15  -  HOCK LOCK SIEW Lee Han Shih THE few hundred listed companies in Singapore must now be scrambling to assess their foreign exchange exposures for the upcoming results season. For those which want to use creative accounting to dress up forex losses,
      638 words
    • 247 15 Reuters [SINGAPORE] Oversea-Chi-nese Banking Corp Ltd (OCBC) is placing 70 million shares in Singapore Telecommunications Ltd (Sing Tel) with investors at $3.09 each, dealers said yesterday. Dealers said the placement was offered to a variety of fund managers, including some in Europe, on behalf
      Reuters  -  247 words
    • 608 15 Bnt fall in yields, traffic will hart profits in 1999 Reuters [SINGAPORE] Singapore Airlines (SIA) may avoid the worst of the Asian economic slump this year thanks to equipment sales and currency gains, analysts said yesterday. But air traffic and yields
      Reuters  -  608 words
    • REGIONAL COMPANIES
      • 582 16  -  Many suffer sharply lower net earnings for 1997; others sink into the red Reports by Harish Mehta in Bangkok MANY of Thailand's troubled commercial banks, facing huge non-performing loans, have reported sharply lower %,net earnings for 1997. Others Jfsank into the red,
        582 words
      • 564 16 ONE of Thailand's oldest business families, the Tejapaibul clan, has lost control of its flagship bank after failing to raise its capital. Bangkok Metropolitan Bank (BMB) is expected to be taken over by the Bank of Thailand. The takeover will create the country's
        564 words
      • 229 16 Bernama [KUALA LUMPUR] Amid a difficult operating environment in the second half of 1997, RHB Sakura Merchant Bankers posted a marginal increase of 0.7 per cent in group pre-tax profit of 107.47 million Malaysian ringgit (5541.5 million). Turnover rose 6 per
        Bernama  -  229 words
      • 365 16 Copycat chains to blame; cost-cutting moves planned Bloomberg [ORLANDO, Florida] Planet Hollywood International Inc said on Wednesday that fourth-quarter and 1998 earnings will be far below expectations as sales slump at the movie-theme restaurant chain. Fourth-quarter profit from operations will be US$l million (US$l.76
        Bloomberg  -  365 words
      • 165 16 Bloomberg [SHANGHAI] Asia Brewery Inc of the Philippines will buy money-losing Shanghai Beer Factory, marking the first time a foreign brewer secured a controlling stake in a Chinese brewery. Asia Brewery will invest US$l2 million (Ss2l million) and take a 90 per cent interest
        Bloomberg  -  165 words
      • 467 16  -  ExCel centre will be London's largest exhibition venae From, Neil Behrmann in London COUNTRY Heights Holdings, a Malaysian property developer, has taken a 68 per cent stake in a £200 million (SSS77 million) international exhibition centre development in London Docklands. The centre,
        467 words
      • 455 16  -  It names new group financial officer in surprise move By] Meera Tharmaratnam in Kuala Lumpur SIME Darby unveiled two surprises yesterday: the sale of a foreign asset and the appointment of a new group financial officer. Analysts described the
        455 words
      • 219 16 Reuters [HONGKONG] Sun Hung Kai Properties Ltd (SHKP) said yesterday it will temporarily suspend or delay work on more than 10 of its projects, primarily residential developments, due to the current economic slowdown. "It is expected that approximately 20 per cent
        Reuters  -  219 words
      • 201 16 AFP [MANILA] Philippine conglomerate Ayala Corp said yesterday that it expects to post a 6.3 billion peso (*****.7 million) net profit for 1997, up 1.6 per cent on the previous year, despite the economic slowdown sparked by the Asian financial crisis.
        AFP; PILE PHOTO  -  201 words
    • COMPANIES
      • 494 17 It says Asian crisis will hit growth but analysts say it's not a big problem Reuters Bloomberg [SEATTLE] Software giant Microsoft Corp posted a 52 per cent increase in quarterly earnings on Wednesday but warned that economic weakness in Asia was clouding the
        Reuters; Bloomberg; Source: Bloomberg  -  494 words
      • 208 17 Bloomberg [TOKYO] Tokyo Securities Co, one of Japan's 10 second-tier brokerages, said it will close its fUlly-owned subsidiaries in London, New York and Hongkong to concentrate on catering to individual investors back home. Japanese brokerages are racing to shave costs and end their dependency
        Bloomberg  -  208 words
      • 323 17 Bloomberg [MELBOURNE] National Australia Bank Ltd's first-quarter profit fell a higher than expected 10.3 per cent as a slump in local profits wiped out higher offshore earnings. The Melbourne-based bank, Australia's largest and most profitable, said earnings in the quarter ended Dec 31
        Bloomberg  -  323 words
      • 418 17 It predicts mapping np of excess capacity when chipmakers postpone investment! FT [PARIS] Shares in SGS-Thom-son Microelectronics fell sharply yesterday after the Franco-Italian semiconductor manufacturer reported a 35 pper cent fall in annual profits. But the company signalled
        FT  -  418 words
      • 308 17 FT [NEW YORK! SmithKline Beecham and American Home Products aim to agree to their proposed merger, which would be the biggest in history, within two to three weeks. Both pharmaceutical giants are keen to avoid damaging staff morale. "This thing is
        FT  -  308 words
      • 210 17 Bloomberg [NEW YORK] Charles Schwab, chairman and founder of the nation's largest discount brokerage firm, said US stocks and bonds are likely to rise this year. He predicted the yield on the benchmark 30-year Treasury bond will fall to 5.25 per
        Bloomberg  -  210 words
      • 455 17 It's taking USttlOm charge in Q4 to write off McDonnell Dongas aircraft Bloomberg [SEATTLE] Boeing said it will take a higher than expected charge of US$9lO million (511.6 billion) in the fourth quarter to write off unprofitable McDonnell Douglas aircraft, resulting in its
        Bloomberg; FILE PHOTO  -  455 words
    • FINANCE & COMMODITIES
      • 503 18 Drop in trading revenue from Asia offset by gains in US banking Bloomberg [SAN FRANCISCO] BankAmerica said fourth-quarter earnings rose 8.7 per cent, meeting expectations, as US gains overshadowed a drop in trading revenue from Asia. The largest West Coast bank said
        Bloomberg  -  503 words
      • 363 18  -  Insurance firm recently given AAA rating by SAP By Soh Tiang Keng [SINGAPORE] American International Assurance (AIA), which has just been given tri-ple-A rating by Standard and Poor's, posted a 60 per cent rise in premium income from new business here in 1997.
        363 words
      • 487 18 Reuters [ZURICH] Union Bank of Switzerland stuck to its profit forecast for 1997 on Wednesday and denied rumours of huge losses in derivatives trading, although it acknowledged "considerable" losses in Asian convertible bonds. Asked about a report in the British newspaper
        Reuters  -  487 words
      • 314 18 Reuters [FRANKFURT] The bulk of Deutsche Bank AG's lending to Asia is not non-performing and its risk exposure has been limited by long-standing knpwledge of the region, a source close to the bank said on Wednesday. The source, who declined
        Reuters  -  314 words
      • 296 18 Reuters [PARIS] French banks, just about recovered from a domestic property market crash, face a double chaUenge of credit exposure in Asia and intensifying competition in the run-up to the euro, ratings agency Standard Poor's said on Wednesday. "French banks
        Reuters  -  296 words
      • 219 18 SOKBLReport Reuters [SINGAPORE] Simex Euroyen futures gained from the yen's strength yesterday, while Eurodollar futures rose amid further falls in Asian stock markets. Dealers said Euroyen and Japanese government bond (JGB) futures got an early boost from comments by Taku Yamasaki, a senior official of
        Reuters  -  219 words
      • 152 18  -  MSCX TAIWAN FUTURES By By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract saw an uneventful trading session yesterday as participants wind down for the 10-day Chinese New Year break. OCBC Bullion A Futures
        152 words
      • 247 18 ENEROT REPORT Reuters [LONDON] Sickly world oil markets tumbled to fresh lows not seen for almost four years yesterday as news of bulging US crude stocks confirmed growing world oversupply. Benchmark North Sea Brent crude slumped below the psychologically-important US$l5 a barrel level
        Reuters  -  247 words
      • Article, Illustration
        735 18 IMTHEBAMK CEOSB BATB8 Jan22 .fjgi; 3 a a 315JS i CM 1082 5.741 40S 4M U49 5JS3 »JB 047* OJTI BJM IJM Mg SS J&! Ckha MM OJM MO 0.729 0.211 I.W 401 H.79I IJO Iff IM 42M MB IW MB MIT 4W7 4004 Mil MR 4W k mi <u|
        735 words
      • 265 18 AFP Reuters THE US dollar was still limping against the other main currencies yesterday afternoon, but was fairly stable by comparison with its early morning levels. At 1235 GMT, the dollar was trading at 1.8074 marks against 1.8068 in the morning and 1.8275 on Wednesday. It was going
        AFP; Reuters  -  265 words
    • 988 19 nooinmw 2 11 —> aVMNn (Mm* (<■*•« at MQpM mmmm MStCOHTUCTBcMtafe) Clg; *2 MH> f Sftt tt—Wrt raw 129.50 129-25 OO.TS 91 200 yarH 132.25 OV *90 OOO 48g Km t52 jwm 2J>2 *2? M/ShN MU5 55 o5R* 22 JWMv99 «400 BOO as SS wo n» w s
      988 words
    • 1295 19 AFP nwfrtai -am JAPANESE share prices fell 1.7 per cent yesterday. hit by profit-taking after a six-day rising streak and late selling on concerns over the (allout from the Asian crisis, brokers said. "Active profit-taking on the day was a natural consequence, taking into account the fact that the
      AFP  -  1,295 words
    • 1456 19 Jaott fc—>rt*i Nw *h rr-rr w*aa -e.600 ftgrfti *6 AttayMMM 1*9 S11/1 AMod Domocq 944 -4 113 AlMGrwt IW BAT Md -981 KMC 324J00 -tOO MCC *****0 ♦1400 B0C Group 476.400 6.400 BRPltraH.- *****0 -35 m» *****0 -1800 Bonk ot Scotland ——————990 -4 Barclays *44 -19 to,
      1,456 words
    • Article, Illustration
      1418 20 AFP □Hang Seng -3CJ7 HONGKONG shares fell 3.9 per cent yesterday as Indonesia's economic mess worsened and fears rose over the health of local finance firms. "Concerns over regional problems are escalating. I even see the market testing the 8,500-point level in the near term," said an analyst. The
      AFP  -  1,418 words
    • Article, Illustration
      676 20 Reuters W Stanton B lain *0-04 THE Shenzhen B share market ended slightly higher yesterday but trade remained thin as investors stayed on the sidelines ahead of the Chinese New Year holiday. The B index inched up 0.04 point to 81.75 on turnover of HKJIB.4 million. "Most investors have
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  676 words
    • 359 20 AFP OwFUn -13JB STOCKS slid 0.2 per cent yesterday ahead of the Chinese New Year holiday as investors took to the sidelines awaiting an expected post-holiday rally, dealers said. "Investors held on amid expectations of a surge after the Chinese New Year," said an analyst. The stock market is
      AFP  -  359 words
    • 254 20 Bloomberg □Wellington -122 SHARES declined yesterday as concerns resurfaced that Asia's problems will hurt company earnings. The benchmark NZSE Top 40-share Index fell 9.22 points to 2,244.92. Within the index, decliners led advancers 19 to 11. Trading was valued at NZ$42.B million. Bloomberg jma «a rmm ANZ Banking ILOO
      Bloomberg  -  254 words
    • Article, Illustration
      801 20 AFP nSETMn -IIW SHARE prices closed 2.8 per cent lower yesterday in active trading following the sharp fall of the rupiah, with most investors selling banking and finance stocks, dealers said. But speculative buying in large-capitalisation stocks, mainly by foreign investors, helped cushion the index against even sharper declines,
      AFP  -  801 words
    • 413 20 AFP HOwpoatehic -22J7 SHARE prices closed 4.5 per cent lower yesterday as foreign investors sold blue chips in afternoon trade, dealers said. Foreign selling appears to reflect worries about the Indonesian rupiah's sharp decline, said a dealer. He said foreign investors bought in the morning session but placed large
      AFP  -  413 words
    • 598 20 AFP DADOrflygin -H4 SHARE prices fell 0.9 per cent yesterday amid disappointing quarterly profit results and renewed turmoil in Asian markets as investors eased off ahead of a bank holiday. The All Ordinaries Index fell 23.4 points to 2,599.4. Turnover was 234 million shares worth A 1775.38 million. BHP
      AFP  -  598 words
    • Article, Illustration
      677 20 AFP QflnpiMßteiaig -22.47 JAKARTA'S benchmark stock index closed 4.8 per cent lower yesterday after the local currency hit new lows and investors took profit after a four-day market surge amid worries over presidential succession. "It's very tough to make a call at this stage," said a dealer. "People just
      AFP  -  677 words
    • 283 20 AFP n Manila -47Jl SHARE prices fell 2.7 per cent yesterday amid a weakening peso, analysts said. "The wave of selling that came in yesterday when the peso started to depreciate is continuing right now," said a trader. The PSE Composite Index shed 47.66 points to close at 1,707.61.
      AFP  -  283 words
    • KUALA LUMPUR STOCK MARKET
      • 447 21 AFX-Asia n Composite Index -I£3 SHARE prices closed off lows yesterday as selling pressure eased on light local support amid concerns over the unstable rupiah and it! rippling effect on the ringgit, dealers said. The KLSE Composite Index closed down 15.34 points at
        AFX-Asia  -  447 words
      • 7028 21 INDUSTRIALS CoMMMf prtiMts 199* Last Vol D*y Hat Cap L— Company OOP Mg>i Lao. t/K f* 245 160 Ajlnomoto 210 unch "53 KM 73 Angkasa 90 -3 6 93 90 23 M3 123 Apofto Food Htq 170 -5 5 170 170 4.9 68.0 250 190 Borjaya Land 237 -13 202
        7,028 words
    • WARRANTS&OPTIONS
      • 3219 22 i lt .j M UM Val Day Last Ovate *»fl Hlji Law Mm "i-r"V ««*a ♦ar- fOOO» MIO taw Bwyar 8a8ar Prtaa 68 9 m 3000 mAM08C53%****** 9 SI 8 31*0 *AcarW*****1USS IS!?" 5 Ss SI u 131 8.5 3164 Acma W*****4 123 -1 35 133 12.5 123 13 12
        3,219 words
      • 205 22  -  WARRANT WATCH -By Ven Screenivasan DESPITE yesterday's broad-based fall, most dealers and analysts reckon the market has already bottomed out and is poised for a slow, but volatile, recovery. This probably explains why a slew of warrants have been heading the percentage gainers list lately.
        205 words
    • 1869 22 TtmnsarMnn .Tin 22. tuursNi tracts \t {*•> •r Or 19*7/98 Last Val Day LaatOaala H» Mr VM Mt NCa» n» l— mm cmtftmf m *h room cw W W "Tra 2» n 5000 Aisavn— e» *3 om 5? 55J~~55 53 5J~u~5a5 w or tu mi soot AMoesoc 193
      1,869 words
    • 899 23 ass* www xm ~ia[ w T <w J*g3 Jg h.W i« J® „MB Jre£ Tatai iKUSt «M« «Mg m n *?ffi SOMA UM 1*»II w*iil—, .,1 iiIUlit m*m<»«H» mssss 3-5-*% j 1 i j < 555T i 1 1 I 1 3 1 SSSi 0 1
      899 words
    • 2990 23 Or Br HMT/u LMt V«l 09T 0* D9» Y98 Mt Cf «mx W rooo> nm. t— —yr umr cw P/t WM« 157 18.5 >020 ACEOyn4mk$60c 26 h 2 5 H III*?" 5146 AS£MT$K>200 US- M Hi US M5 MS «7S WUS9CW*- USMS M.0 13 »7 gs gar 0
      2,990 words
    • 751 23 •r «r m MM tad w pn MM Hi Mr W M «W Aw mm L—r WM» C4MMW —M fWS W U» X* CW Pf* >— MM ill!IMUlli'BI mwt"iy> f PT*3f* s a ssaa£=: w ft SSf jjl 5 S5 J IS JSSSfczzSs 3 s *rr rr** a i,
      751 words
    • STOCK EXCHANGE OF SINGAPORE
      • 217 24 MM ST Engg K>c 15.011.000 SingTel ISc n.732,000 TAC BtIO 200 8,906,000 Hotung Inv NT 5 8,048,000 CM Telecom 75c 7,285.000 *Renong 8M 50c 6,228,000 *MBf Capital 6.081.000 Asia Food&Prop 5.040.000 •Rekapacific Bh 4,974.000 Tianjin Zhonq 4.8HOOO Stacks SingTel 15c 40.099.870 DBS Foreign 31,995,621 SIA Foreign 25.141.304 City Dev 50c
        217 words
      • Article, Illustration
        66 24  -  MUUI -by Shiv Taneja Cl# TELECOM dosed 0.5 US cent higher yesterday at 18 US cents on a volume of 7J6 million shares, compared with its 10-day traded average of 1.34 million units. The counter is a buy at current levels, and this is well supported by the
        66 words
      • 651 24  -  STOCKMA&KBT COMMEMTABY Sell-down triggered by rnpi&h's plunge; relatively low volumes suggest it's not a case of panic, say dealers By Ven Sreenivasan [SINGAPORE] The stock market plunged in tandem with other bourses in the region as more tremors hit the currency markets. The
        651 words
      • OH THE GRAPEVINE
        • 154 24 AS IF to boost investor sentiment in preparation for its December-quarter results tomorrow, Creative Technology sent us an intriguing press release this week: "Creative's First Midi Music Competition Draws More Than 1,100 Entries From 57 Countries," Creative said. At stake was over US$2O,OOO (5535.100) in prizes, including synthesisers
          154 words
        • 84 24 AGAIN, the brighter side, at least for some. Venture Capital 3i's managing director Jane Crawford suggests that current conditions promote management buy-out opportunities. For example, a perfectly viable manufacturing company that's cash-strapped may not have the wherewithal to cope with an increase in orders. A management buy-out (MBO)
          84 words
        • 58 24 ANOTHER venture capital outfit confirms that Asian financial woes have created more opportunities than it's ever seen. It used to be so difficult but now there are queues and queues of people offering perfectly viable businesses for consideration. 'It's like a crowded hospital, people now have
          58 words
        • 100 24 IT SEEMS Standard Chartered Bank's chairman Patrick Gillman was briefly in town yesterday, enroute to another Asian country. As would be expected, he met briefly wtth Tan Sri KhooTeckPuat, Stancharf s single largest shareholder. Tan Sri Khoo owns 14.9 per cent of Standchart, according to Stancharf s 1996
          100 words
        • 108 24 WE GOOFED and we apologise. Readers of this column were quick to point out that in Wednesday's little snippet about the approaching Tiger year, we placed the Dragon before the Tigar. We are infect in the closing days of the year of the Ox, which seems
          108 words
        • 102 24 A SIGN at the check-out counter in Cold Storage offers shoppers a free gala apple if the caehicr doesn't greet them, eg say thank you. Not all cashiers, you would ekpect, are thrilled at the proepect of being caught off-guard by shoppers. One Ngee Ami City
          102 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 62 16 This announcement appears as a matter of record only January 1998 DAIARUISi IfCHNOIOGV DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Bonus issue of 90,000,000 new ordinary shares of $0.05 each on the basis of one (1) new ordinary share for every two (2) existing ordinary shares held in
      62 words

  • Page 17 Advertisements
    • 532 17 Nnnynng Technological University, Centre for Continuing Edncntion Administration Annex *04-06, Nanyang Avenue, Singapore *****5, Tel: 799 1474, Fax: 793 0997; NTU Home page: http://www.ntu.edu.sg/cce Continuing education and training is an important strategy for Singapore to remain competitive in the r I J 21* century. A# a technological University, we are
      532 words





  • Page 22 Advertisements
    • 86 22 I told\ card wer^N. calling about tola malum; for Susan V' I thecomputer I you this was a j X. mg J I advertised in good deal V Yup, we got what is going to be J V The Straits Times J lf S I we wanted because V real
      86 words

  • Page 23 Advertisements
    • 80 23 HhMII Mll -t-tOA IF YOU FINANCED YOIW AUSTRALIAN P*OreKTY WHILE INTEREST A /Oiim't > 11% mbwemwbhue— OCiS. v* 1 \frO Mutt lilt k««? reassess you* posmoN Rm4 C*£ mm i« down here and be sutmse» V/O 1 Citek Catt* Hurt it SiaJtf Cluiifiri tkli rmkni. how much you can save
      80 words

  • Page 24 Advertisements
    • 632 24 BUSINESS Notices NOTICE IS HEREBY GIVEN that, I Tay Kiah NOTICE IS HEREBY GIVEN that, I Wong Peng Cheng of Blk 227 Pasir Ris St. 21, Unit #13-96 Mun of 25 Olive Road Singapore *****2, have Singapore *****7, have applied for a Beer House, applied for a Public House First
      632 words
    • 513 24 NOTICE IS HEREBY GIVEN thai, I Tan Ah Kim of 307 A Pasir Panjang Road Singapore *****8, have applied for a First Class Beer House Licence in respect of M/s S P W Food Court located at Block 313 A, Sembawang Drive #01-01 Singapore *****3, and that this application will
      513 words
    • 823 24 To advertise call toll-free 1800-*****83 IN THE MATTE* OF THE COMPANIES ACT. (CHAPTER 50) AND IN THE MATTE* OF KTC WOOD P*OOI»CTS PTE LTD (la Liquidation) (Members Volunury Winding Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Blk 336 Smith Street #05 303
      823 words
    • 317 24 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of IBA Pte Ltd (Incorporated in the Republic of Singapore 11 in■ 11 ...fan i M6fnD6f9 vovunxary Winding Up NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company which is being voluntarily wound up, are
      317 words
    • 491 24 M THE MATTER OF THE COMPAMES ACT, CAP. 50 AND M THE MATTER OF VOM CORPORATION PTE LTD NOTICE OF RESOLUTIONS At an Extraordinary General Masting of the members of the abovenamed Company duly convened and held at 20SA Kaleng Bahru. Singapore33B342on toe 19to day of January 1998. toe reedutone
      491 words

  • SHIPPING TIMES
    • 315 25 Bridge News Reuters DEPRESSED for Panamaxes and rates generally slipping, brokers said. New business remained scarce. Louis Dreyfus Was understood to be close to booking Panamax tonnage for a Jan 22-29, heavy grain, soybean and sorghum cargo from the Mississippi river to Rotterdam at a weaker rate somewhere
      Bridge News; Reuters  -  315 words
    • 287 25 mmmmm Jma w CWT Distribution —0.50 -0.095 SO ChuanHwp 0.45 *001 204 Cosco Investment 0.81 *0.04 2 Freight Links OJ1 *0.015 095 08 Mowings 026 Hai Sun Hup 0.52 unch <7 Hitachi Zoser 0.585 *0.055 279 MC Holdings—HK 5.60 Jaya Holdings 0.35 -0.02 40 Jurong Shipyard 7.90 *0.X>
      287 words
    • 476 25  -  PSA has signed an agreement to buy 60% of Italian port and logistics firm Sinport By\ Marcus Hand [SINGAPORE] PSA Corp has clinched its first port project in Europe through a tie-up with the Fiat Group in Italy.
      476 words
    • 740 25  -  ADMIRALTY CASEBOOK By\ Selva Kumar THE mere fact that a party had arrested a vessel which had previously been released without security by another court would not automatically amount to an abuse of the process of court. Instead,
      740 words
    • 409 25 A brawl like the one with Japan last year may occur this year Journal of Commerce [WASHINGTON] Maritime summits going on now will determine if the United States confronts China and Brazil this year over their shipping practices, much
      Journal of Commerce  -  409 words
    • 265 25  -  By. Felix Chan {SINGAPORE] Malaysia's Kelang Port Authority (KPA) has been charged with refloating the sunken vessel An Tai currently lying at Wharf 14 at the North Port, and has invited tenders from 13 Malaysian salvage companies. Malaysian Transport Minister Ling Liong Sik
      265 words
    • 141 25 [HONGKONG] Guangzhou Shipyard is not concerned about regional competition, having more than US$4OO million (Ss7oB million) worth of orders on hand and plans to build a new shipyard. Two-thirds of the yard's capacity is currently occupied, according to Wang Wenhui, company secretary.
      141 words
    • 1090 26 BHIPPIHO PLAOS n Lloyd's Register also lists Liberia, Greece, Bahamas, Cyprus, Malta, Japan, Norway, China and S'pore among top flags Maritime Asia Conflicting trends appear to be at work in the ship registry sector. Some shipowners appear to* be prioritising quality over cheapness, and there
      Maritime Asia  -  1,090 words
    • 354 26 PACE EuroHansa 6 am. 3 Eoergreen 6 Accord 8 Ahrenkiel M Farwide M AppensMp 5 FoongSw 8 AsiaOCL IS Froti B Astro 3 WUnki 16 Austral 9 6 Link 4 Avant 16 Gemartrans 6 B'tanqMas 8 Genshpg 9 BSA 7 Glory Nav 16
      354 words
    • 16069 34 THEBU SINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vtis»l Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona SIN Dasrn Nam* Nam* NumMr Numbar SIN 0»»t'n Nam* Nam* Numear Number 24/01 12/02 MISC B. PELANGI 3031 *5-*****2 A 24/01 12/02 MOL BUNGA PCLANO 30M *5 2200*4* To ABIDJAN (ABJ) 2003
      16,069 words
    • SHIPS IN PORT
      • 810 41 Vessel Voy No Bftli Arrival Dywtwe_ JlraiM M taluk JAN22 J01 A.02//SM* 2.02/3 020 Bt Dmr Hk *****6 JOI A.02//$M* 2.02/2 MO M Ooi Rustu *****6 J01 A.02//SM* 2.02/2 230 RhfWl JAN21 J01 A*2//SMi 2-02/2 220 St Ha U6 S7 *****6 J01 *.02//SM» 2.02/3 020 MSw* 0301* J01
        810 words
      • 1716 41 RECCHfWK OF EXPOKT FCi COWT/UMEIS AND IXL CARGO 1HMM/»1—CI Htte Ship Voy No Ctfc/itr Net* Trm T> Pr— kiLk OHM 24/1500 H 22/800 22/89* 22/800 22/800 22/89* 22/MO U 22/1700 21/0*9* 21/0*00 a 22/T700 J3/0*5* 23/0*00 2VOIOO 21/09* OMN 4 23/1200 21/W9* 21/1700 laSw 31M 25/0700 1* 22/800
        1,716 words
      • 209 41 JhM Australia: Australia Day Holiday. JmmTT China: Chinese New Year Eve. Hong Kong: Lunar New Year Eve. South Korea: Lunar New Year Eve. Taiwan: Chinese New Year Eve. Jaa 28 Brunei: Chinese New Year. Hong Kong: Lunar New Year. Malaysia: Chinese New Year. Singapore: Chinese New Year. South
        209 words
      • 876 41 THIS rsport compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of iln|k price* far a more compre he naive de script ion of the market Prtcaa shown are baaed on average slwrt Mem. Market movements are Indicated The Cockatt Bunker Prioa
        876 words
      • 368 41 CartM 80 Mm Ml 0.4 8.4 O.M 57 0.05 Jm21 Mt Mar InMm Ml AMMmi MM He Mom £25 0 0 2 2 0 0 1 T==- 100 Am Wi OJ 134 0.07 20 002 txZ 300 MM 9904 0.7 17.4 0.13 67 0.06 M*n %W
        368 words
    • AIR&LAND TRANSPORT NEWS
      • 313 42 AFP [PARIS] The European Airbus consortium is close to selling 180 airliners in two big contracts with United Airlines of the United States, and with three Latin American airlines, the economic daily La Tribune reported yesterday. Total value of the two deals was
        AFP  -  313 words
      • 757 42 The 260 planes make np 10% of units to be delivered, but include many widebodies Reports 6g/Felix Chan [SINGAPORE] In the long drawn staring match between the two airplane giants across the Atlantic, Boeing earlier this week blinked and admitted it may
        757 words
      • 503 42 But company is increasing services to the US and Europe Reuters [HONGKONG] Japan Airlines (JAL) is to cut frequencies between Tokyo and Hongkong, and between Nagoya and Manila and Singapore, because of reduced passenger demand but increase services to the US and Europe,
        Reuters  -  503 words
      • 418 42 Swop involves Delta's year 2000 deliveries, and HAS' 1998 ones [SINGAPORE] In a move rarely seen in aviation circles, Malaysia Airline System Bhd (MAS) is said to be switching delivery positions of its Boeing 777 jets with Delta Airlines
        418 words
      • 177 42 Bloomberg [TOKYO] The US said it wants Japan to boost the number of flights it's offering three US carriers to 146 return trips a week, compared with the 90 that Japan's put forward at the two countries' air industry
        Bloomberg  -  177 words
      • 1716 42 CRT a—T n* FUCMT Q» 0*7306 1840 LH787 2359 IMM S0230 1920 1040 Hmtiftw SO327 0020 U.B44 0125 sam 1730 ***** Wg U.S37 840 6*994 2245 •—0ta*HK COS* 0W0 HUM 2335 MMNC CZ30W 2010 *5 M ¥*741 1310 VK742 0905 m OP VM740 1410 Si! "££5
        1,716 words
      • 65 42 [BISCHEIM, France] The future tilting TGV high-speed train which can run on standard tracks is shown in the workshops of the SNCF state rail authority at Bischeim. The prototype will undergo its first tests in 1999, and is supposed to be capable of speeds 0f320 km/h
        AFP  -  65 words
      • 241 42 Reuters [MONTREAL] Canadian National Railway Co posted a record annual profit on Wednesday and said it expected more growth in 1998. The former federal govern-ment-owned railway, which became a publicly traded corporation in 1995 in Canada's biggest-ever stock issue, reported a 1997 profit from
        Reuters  -  241 words
  • Page 25 Advertisements
    • 18 25 Panama still the top flag Lloyd's Register also lists Liberia, China and S'pore among high flyers. Page 2
      18 words
    • 69 25 Airbus, Boeing's backlog of Asian orders at USs3ob They make up 10% of units to be delivered. Back Pag© p L2j\c/VIJ AGENCIES PTE. LTD. I PURE NEUTRAL NVOCC TO: 1 USA HONG KONG PUSAN OTHERS I SINGAPORE: MALAYSIA: 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 Lines) Mac-Nels House Singapore
      69 words

  • Page 26 Advertisements
    • 1007 26 NORTH AMERICA 1 EXPORT I OTHER DESTINATIONS I J --J 1 1 i »--j- 1 liilii'il iftiMii lia.fi I 1 yaf Mfttnk HlffW fyPfIHW PffiKT TO LA DMCTKWICITOWwOOMTIOUTnAMVCAwWMtIBDVniWMCIH vt&sa VOY EIASM FIDSM luIMIIWU I ok I NT |*CoCoan Ivissa vot lan laMmwuol ««w«nm 1 cjuiao to iqiimml mitommsta 1 wimno
      1,007 words
    • 676 26 represented jgfck Members of the (-IQI-1 by Members <* the Registry o» f<ssl Singapore Freight Forwardefs Accredited Shipping Agents Association vS'i'V Singapore Shipping Association sailing schedules around Asia. Place an ad in... Shipping Times Just talk to üb... Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Japan •2 x
      676 words

  • Page 27 Advertisements
    • 1046 27 TO EUROPE FROM EUROPE lyfssa VW SM (TM HAM MV SOU 1flT" VKSfI VOY IT* HAM KV SOU I«K6 SM THAMfS 503S 23/01 11/02 10/02 14/02 NBUOYDMKA Mil 01/01 30/12 03/01 21/01 22/01 MOsa 1030 23/01 00/02 10/02 13/02 14/02 OOQ NFDNtLANDS 2020 04/01 00/01 00/01 10/01 27/01 MMGA PELANGI
      1,046 words
    • 1972 27 HANJIN SHIPPING USA CANADA* m«ft/vor |in| in imnma/vot su fiw rw iw m wf [~~si nt piwi m m| m N.NOM6MM6MW B/11 ~M/0T" 13/W 14/W IS/W IS/W U/W 14/W 17/W U/W 11/W U/W 10/W 15/W 14/W U/W KHunromow a/oi oi/w a/oi n/w b/w b/w a/w a/w a/w b/w a/w a/w
      1,972 words
    • 103 27 ORIENT EXPRESS LINES (U.K.) LIMITED llgj, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VfSStt VOY SICAPOfI MMMAY Vtssn VOY lOMAY SWGAfOtI NORDKAP 422 21/01 36/01 NORDKAP 421 07/01 21/01 SINARTOBA 222 23/01 01/02 SNMAR TQ6A 221 11/01 23/01 OOCL ADMIRAL 012 26/01 04/02 OOCL ADMIRAL Oil 14/01 26/01
      103 words

  • Page 28 Advertisements
    • 951 28 <CT DSR-SEMTDR Bra Round the World Container Services TOPTOMffIWPnf FROM UK/CONTINKNT WW fsa iflt IBT I MfT turn Iwv m ilttisa wt IB! mlsm I m |wm m BBiB mmi aF ii¥l¥ ue mb i»« kmjnkmatdn ran ti.it a.it ts.it ait ait am iiwiirniwn mm nn ti.it ise ne ne
      951 words
    • 950 28 MY ANG IWHfcflCv LJNE MMraM W«b SM*: Mtp: //www.ymLcom.h* iwceMBB.TEVRYTHJRSMY/auMMr VESSa VOY W CM HTM HAM FXT LEU WW MING SUN ABO3W 23MJ1 27/01 14AJ2 12/02 11/02 16/02 RHEIN BRIDGE JBC3W 2SM)I 11AK 13/02 14/02 16/02 MING GALAXY AAO4W 30/01 03/02 21/02 19AJ2 18/02 23/02 NUMBER BRIDGE J9O4W 21/02 22/02
      950 words
    • 381 28 LINE Br Ai Tits IM34M NUb •*****1 1 MUARA LAUAW] vtssa vor in in vissa vot no ib SWtf WMftA tract IM mtoonr vn/w u 23/01 mtoonr vex/* so m/»i irtosra vox/* 24/01 2//01 inusrat vox/w24/»i a/«i mtoonr vox/w 01/02 m/w mtoonr vox/w •!/•> ts/w iiwwa voo/w os/oi M/oi inosni
      381 words

  • Page 29 Advertisements
    • 937 29 HBfB VTTTT VOY "MN BKK ROU RKO PEN BUM SUR 55 MAN TEYFOUm PJL-1267 09/01 I i5/oi I MAN TAKMTI PJL-1266 14/01 I MANOHEYAMAT PJL-1272 03/02 12/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTSTO'IJJf,f T JL S f CPOBG^WIA ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS, BIK AGENT il SINGAPORE
      937 words
    • 1508 29 SAIUMIO 1 NKW YORK# BAITIMOKI, CiUiUCTOM 1 SMGAfOOf'SGf NBtALAGBCTS: 6SHBITOMWAY TO: 226 1900 FAX:*****00 OUTWARD(O/U I COSTAR SHIPPING PTE LTD #17-00 DOS lIDG SAUS/KOS 4205M1/43 mmmb DIPT (D/O» *****15 COSTAR AGENCIES (M) SDN iMD qMftII7I7WOOOOM TOWII TWO (*****9) COWVmTKHtAI *****50/55 T/SHHWPgT *****25 HL 02-07-15 Ml 66 FAX: 02*7-*****70 w/wr rj5
      1,508 words
    • 486 29 EASTERN CAR JNER, LTD. 1 Itj KL (SINGAPORE) PTE LTD AGRfT HI SIWtfOIE; I I m KOHO KAVY UFT UTTO 122 TOWS Kl (SINGAPORE) PTE UD LOADING FOR PORT KEANQ/MAHKA PORT KLANG MV "ABUE LIEUTENANT" V.6 MV "OCEAN SAMPAGUfTA" V.12 ETA SIN 25/01 /98 ETA SIN 28/01 /98 ETA PKL
      486 words

  • Page 30 Advertisements
    • 1059 30 rSwl ROM ANW HM n» IK LNV IHV THP MM AMW HM HO. [Wl C. DECENT RW-4G2 24*1 13*2 11*2 14/02 14*2 17*2 11*2 E. GENERAL RE-467 JG/lf 24/12 91/12 Ml 2MI 17«1 E. DELUXE RW-M1 31*1 2M2 20*2 21*2 23*2 24*2 M 2 E. REFINE RE-Gl4 IliT Ml Mill
      1,059 words
    • 659 30 gminr h GQVTR ÜBVI H j mm* mmummnm mm* umin W'V X. I. pumiiMMMM BMMKOK:(M)tWW WIMMkMMM HBUMtnaw «R«i)aw<«rink|n)M«B TYO/YOK/OSA/Wci I USA MV "ASIAN PEGASUS" V.N016 MV "HANJIN MARSEILLES" V.0146E j EIASIN: 25-1-98 EIASH: 27-1-98 ■OTIMMM/HMMIMC AUCKLAND MV "HANJIN COLOMBO" V.O2SW MV "PREsnot" V.29S ETA SIN: 27-1 -98 EIA SIN: 7-2-98
      659 words
    • 328 30 /Czr NANTAI LINE FUUT CONTAMBtISfD SOVKETO IMHK/SOUTH AFRICA Vtssa I ¥PT I SI I nil I W (FT I l/MT MMHIIWKBS t» 23/81 07/W hwiokb wss ?</»i c/p n/w wn 11/w WTOiH 003S K/B \m n/n ■MmiDtttw ims 11/w im urn nm MMroinwa w -mm MMDUWMS BSS H/W 02/ D
      328 words

  • Page 31 Advertisements
    • 368 31 BSA A.' 1 Mk MYANMA \SBBk FIVE STAR UNE f (MyaaNor Notioaol Um) w Los4a| far Y«|m (li|ih) VBSa VOY SW n» KM POI HMOM *12 MPT NSMI 2S2W 2S/1 lUTflt MOT* MVSIUD SIMM A6BKKS Oft: m 07-03-***** M Nk TE 02-03-*****01 PMc 1H 02-04-*****02 POfc IE 02-07-*****21/4 BANK UNE
      368 words
    • 1111 31 HYUNDAI I MERCHANT MARINE CO. UP. ivgsa voy" Tua ora mi mar iwi w i ivbse voy| ua mai FE I mh|w |jP HYAOBRAI 31IW N/01 12/02 13/02 IS/02 IS/02 IS/02 10/02 KVOMOa SIM 01/01 M/ 01 04/01 N/01 M/ 01 M/ 011 N/011 NVMCMNBS 304W 02/02 10/02 N/02 22/
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    • 472 31 iiprvgiOH oufcxuiiii gMfrnwuts™ GJ@£)@(3 TO NORTH AND LATM AMERICA [VBSa fv6f [UUV NB6HT 91 LAI OL NA Sii lAL |0V HTC |IN M ns —U55 JMIm "XHT" TW "B7STR7B~II7«rWB~"fWTI7W""R7«r'R7B"?T7H" ttftONGA FOO4 400 tan U* 99/91 10/03 It/I) SI/IS 23/0) 25/03 10/03 17/03 01/04 OS/04 |IMKO FOO5 1 4001— UH 02/031
      472 words

  • Page 32 Advertisements
    • 861 32 MAHOKOK/tA«- CHAMANO JAKAiTA/MMJAIia yam VOY SIN BKK LCH VESSEL VOY SIN PJN ANAN BHUM 88N In Pt 28/01 27/01 DANU BHUM* 24/01 27/01 AMAH BIIUM 88NB 24/01 28/01 27/01 ACX RUBYi 148 28/01 28/01 YANTRA BHUM** 224N 28/01 28/01 28/01 OEJA BHUM 732S 27/01 30/01 28/01 Km BHUM 38N 29/01
      861 words
    • 369 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SMQAPOREOaOS TEL: *****68 FAX: *****64 Km TLX: R*****6 SINMER CR No: **********0W RacaMng Cargo at PTI i Blntulu 1 i Muara asai m m m 891 ISn mm 25-25/01 01/82 "J* W»K 8-H/01 lUri VWO3E 05-04/02 11/02 MM Hoo2f 0344/02 01/02 moat
      369 words
    • 689 32 A ACCORD A SHIPPING PTE LTD S±B m: 54*51 IS (40 UnM) MX: 5****** KMtUM x l$S) J471M1 m OOMCT ACCISS TH. *****555 (EXPORT OOOKMO) MfItCMMK I*7) JSI 1J77 *****34 (EXPORT DOC), 5****** (M4PORT) MOW m*St 1444 rot? ro sin port msm whit 5 w mhh 5 sui (FAR EAST)
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  • Page 33 Advertisements
    • 330 33 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SEMI-COIfBWEWSgP SBWICI "551 VOY OJUVR OMI M'MM IRE HIM AMTWfRP TutS «wi vn 1/3 OI IT 5/3 TO AUSTRALIA ~l mXCOOTMHB>»BIVK» va. |*oy Preaßi HE m I <YP MH. I HBA I hbl IRK MM.OTTO 3w|w«| \tm IMg 2M*IS* 1 gggl Hg|a*g| In/glttclmwlMwl
      330 words
    • 777 33 f aaagpif pacific international unes (pte) ltd I ■■-g-g.g 140 Cecil Street. PIL Building, Singapore *****0. I rLJ n n CR NO **********06 &iß.i A v m rrw sßsaa M M M jr l|y l^air 1 ili ia w Fgfl jfijß jfe Jt wi \m fiti 58 IS2 ij/i jjffi
      777 words
    • 846 33 veaaELS I vov sn jb mla lbi ham thp BE zee WLLEDETAWYA T»*H 27AM 04AB OMB IMB fflg IMB Wg 2CKB V-LEOEMBAOSA V23M OMM 12AB IMB 21/02 23A8 24A8 »«AB 27A8 IALLEOE TAURUS *MH OMB IMB 2MB 01/03 «M> 04AB Q4AO 06/03 VtifQ'AQUARKJS Ua«» l7Ag 2MB OMB 0008 00/03 11/03
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  • Page 35 Advertisements
    • 54 35 To retrieve more schedules, Just follow these simple steps... document /bial 740-6000 tep be faxed m k\ A "1" rjjf' the port r W; n ter your ste P ke y lll the four number digit code Key in your Example: fax number To NEW YORK (NYC) 2275 United States
      54 words



  • Page 38 Advertisements
    • 967 38 SHIPPING LINE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****P8 (OUTWARD) *****69 (WW ABB) TLX: R*****0 BOOKINGS CAIL DIBECT JESSICA/CELIA/MEI CHAM 2SLQ/WEEK H lv6V l*N PSR ||vrt»L voy i Ptß DBlSn 155 24/01 (&AT) 27/01 (TUE) ™ADIKA 1286 24AM (SAT) 26/01 (MON) aWfIJAVA 966
      967 words
    • 466 38 NgR ins in mwino CO HI PDI I Mi SS3M7S (4IM I to SMUM/WWM I d IM liiwtiiiiic vbsh vor am mm ksimokm Surtni Joyo 2 01/98 21/01 23/01 Iwfci/fooMng luonoAtaod 02/98 23/01 24/01 Nwnia/Bi«ln/f lav DwDoya 03/98 26/01 27/01 Nowiß/floni/BwiM Bum Mak 02/98 02/02 04/02 lurtw/fwwwo/Dunn SanCwml 02/98 04/02
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    • 388 38 SIM FAB EAST 25/01 KEELUNG/KAOHSIUNG 25/01 BANGKOK 25/01 MANILA/CEBU 25/01 JAKARTA/BE LAWAN/SURABAYA 25/01 PORT KELANG/PENANG/E. MALAYSIA 27/01 BUSAN 26/01 TOKYO/YOKO/KOBE/NGO/OSA 26/01 HONG KONG SIM CHINA 25/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/UK 25/01 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 27/01 LOS ANGELES/NEW YORK all IPI
      388 words
    • 387 38 8 Singapore Soviet Shipping 4»Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SM I BOM MQ PKL ORCNTCORD 100N 20/01 09/00 IVO2 14/02 KOTA RAJA RJAOO9 OMB 1(V02 2MB 2V02 TRADE FAST TFO2OO 00/02 17/02 02/03 OVO3 OMENTCORO 100N 17/02 20/00 00/00 11/00 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.BHEVA
      387 words

  • Page 39 Advertisements
    • 1197 39 ASIA MEDITERRANEAN EXPRISS (AMI) WESTBOUND SERVO i VESSEL |VOY SIN CM> PW GEN I BCN lEH AN> PR MSC REBECCA 9802-3 23 JAN 27 lAN 04 FEB FEB I 08 FEB 11 FEB 12 FEB 13 FEB I N SINGA 9803-3 28 JAN 01 FEB 10 FEB 12 FEB I
      1,197 words
    • 1565 39 [Www rmm• mant swm I two I sou «ai mm mm Ivesa wuwrl swm| m msam! mi Ihplml wo shmml no aosa MM 11.01 22.01 2101 MM 1102 14.02 0042 MD.MUS 2011 IfJl 2041 *41 2741 2101 2101 LKUNGI 1030 2241 2XOI 2101 W42 IIJ2 1102 1102 MMMAMN 4010 21J1
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  • Page 40 Advertisements
    • 416 40 I VESSEL VOY SIN MAA SIN I TIGER BAY 599N 28-2001 03-07/02 11-12/02 I TIGER WAVE 600N 31-01/02 06-09/02 14-15/02 I TIGER ISLAND 601N 04-05/02 10-IW2 18-1002 TIGER BRIDGE 602N 07-08/02 13-1602 21-22/02 TIGfR BAY 603N 11-12/02 17-21,02 25-26/02 I TIGER WAVE 604N 14-15/02 20-2302 2&01/03 IVESSEL^^^VO^^Sl^^CA^^Stt^l XPfIESS SPORE 253
      416 words
    • 819 40 FREIGHT UNKS EXPRESS I 62 job Guan Road, Singapore *****1 Tel: *****66 (60 Unas) Fax: *****33 E-mail: flesin@singnet.com.sg CONSOUIMHION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 28/01 CAPETOWN 04/02 CHILE ETD SIN DURBAN 04/02 VALPARAISO 06/02 JOHANNESBURG 04/02 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 26/01 BARCELONA
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    • 1034 40 n IOOCL (Sinqopore) Pte Ltd CfS 179 Amn Read #21-04 (S) 079W4 *513 #01-121 Immky CI NO **********0H let 272 7127 c* 3269 HO VEy 3942 FM: 272 7125 l__ T^^l MOili I—HA -14/ OMAM O AMIBAUA TO USA SgT| SfO LG» OAK CHI MBA NYC OUTBOUND f SGP SVD
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  • Page 41 Miscellaneous
    • 120 41 LEGEND: R Thunderstorm c A V SHower Weother —X Wind direction with speed in knot* Wove height Serfoce winds or* indicated by arrows which My with the wind 0 One ful circle represents calm or light and variable winds 1 One half Heche represents 5 knots I—► One ful Heche
      120 words