The Business Times, 3 February 1998

Total Pages: 36
1 36 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, FEBRUARY 3,1998 85c
    12 words
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  • 133 1 Key recommendations Compiled by BT Allow Singaporeans to choose between private pension funds or the CPF. Allocate 25% of public seetor funds (including Spare's foreign reserves) for private sector Management. Review SES listing Manual and create a more active equities market Review Axed brokerage and abolWt it
    Compiled by BT; Source: Finance and banking report; CHRIS LOH  -  133 words
  • 706 1  -  Private sector panel an veils raft of wide-ranging proposals By\ Conrad Raj [SINGAPORE] The private secter Sub-committee on Finance and Banking yesterday unveiled a raft of proposals described by chairman Peter Seah as "wide-ranging and no-holds-barred" to give Singapore's financial sector its
    706 words
  • 635 1  -  Getting creditors, lenders together is a big steps Wolfensohn Hy 1 Walton Morais (SINGAPORE) Indonesia's move to call a pause in repayment of short-term corporate debt is "wholly consistent with good practice", World Bank president James Wolfensohn said yesterday. Speaking to
    635 words
  • 650 1 Mega pharmaceutical merger will bring Morgan Stanley, Lazard record fees Bloomberg [LONDON] Lazard Brothers Co Ltd and Morgan Stanley, Dean Witter, Discover Co could receive fees of about £100 million (Ss2Bl million) for advising Glaxo Wellcome pic and SmithKline Beecham pic on their merger, analysts
    Bloomberg  -  650 words
  • 553 1  -  W Ven Sreenivasan (SINGAPORE) East Asian stockmarkets roared into the Year of the Tiger, recording spectacular rallies on optimism that the worst of the financial crisis may be over. Singapore's Straits Times Industrials Index recorded its biggest single-day surge ever as it
    553 words
  • 52 1 Reuters [NEW YORK) US stocks soared in opening trading yesterday, powered higher by sharp overnight gains in Asia and Europe, and a large injection of speculative fizz into drug stocks. By 1 pm EST, the index stood at 8,055.97, up 149.47 points from Friday's
    Reuters  -  52 words
  • Page 1 Advertisements
    • 96 1 DTSEDE Exec rethink The recent response to Yew Mei Green points to a need fin* a review of executive condo land sates, says Lee Han Shih in The Property Column, Pgs *yf-Ki-« 1 i. sj■ |BX] Q H Vtattan* I P CtnbKlci How wUI the SmithKlineGlaxo merge affect the pharmaceutical
      96 words
    • 28 1 Radical plans/or managing CPFfunds, Pg 2 SES should make equities market more active, Pg 3 Other reports, Pgs 2 3 PM Goh, Suharto hold talks today, Pg 4
      28 words
    • 39 1 4 LE TEMPS CHANEL THE MATELASSEE WATCH COLLECTION STAINLESS STEEL FOLDING BUCKLE WATERPROOF TO 30 METERS SWISS CRAFTSMANSHIP EXCLUSIVELY AT CHANEL BOUTIQUES NQEE ANN CITY. 391 ORCHARD ROAD. SINGAPORE TEL *****20 ISETAN SCOTTS. 350 ORCHARO ROAD. SINGAPORE TEL *****21
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    • 16 1 CttyDwletdi rally in property stocks, Pg 13 Mare repot U on Markets in Turmoil, Pg 6
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  • BANKING SUB-COMMITTEE REPORT
    • 1045 2  -  Proposal to allow members to put .savings in private pension funds or leave in CPF Board By\ Shiv Taneja Compiled by BT SINGAPOREANS may get to choose to leave their retirement monies in the hands of the Central Provident Fund Board or private pension
      Compiled by BT  -  1,045 words
    • 630 2  -  By! Siow Li Sen Complied by BT THE local insurance and reinsurance industry- will get a shot in the arm for its next phase of development if the current investment limits for insurance funds are liberalised, along with tax reliefs for premiums for
      Complied by BT  -  630 words
    • 894 2  -  It calk for aggressive promotion of S'pore as regional HQ for a variety of companies Hft Siow Li Sen Compiled by BT THE government should delegate to the Monetary Authority of Singapore (MAS) the au thority to administer all tax incentives granted to the
      Compiled by BT; CHRIS LOH  -  894 words
    • 308 2  -  Corporate finance, treasury activities need a boost as well Iff/, Larry Wee Compiled by BT THE sub-committee on finance and banking has proposed that more tax incentives be used to attract a critical mass of international fund managers and to stimulate more sophisticated
      Compiled by BT  -  308 words
    • 584 2  -  Govt could do its part by regularly issuing longer-term S'pore dollar bonds It!/ Larry Wee Compiled by BT THE sub-committee set out a comprehensive list of measures to jump-start Singapore's "relatively unsophisticated and illiquid" debt market. It attributed this situation to the fact that
      Compiled by BT  -  584 words
    • 284 3 'We were particularly impressed by the committee's capital market recommendations but a little surprised that there was no mention at all of greater disclosure in the local banking sector. Recent market talk certainly suggests that more openness in bank reporting would remove the unknowns that sometimes rattle
      284 words
    • 718 3  -  Update listing manual, scrap fixed commissions, says snb-committee liy i Conrad Raj Compiled by BT THE Stock Exchange of Singapore should take steps to make the equities market more active and review its listing manual to ensure that its rules and regulations remain
      Compiled by BT  -  718 words
    • 198 3  -  By l Clarissa Tan Compiled by BT SINGAPORE should expand its Net Trust Initiative and encourage innovation in telecommunications, to be globally competitive in the fastgrowing area of electronic banking, the subcommittee on banking and finance said yesterday. As the Internet revolutionises communications, electronic banking
      Compiled by BT  -  198 words

  • Page 3 Advertisements
    • 97 3 'SL ■•>- Are you making the most of all your strengths? ".S/i Via A. **w-. 5 < < I .yr; •< >l> WUh vast r- 111 -.tiaJ lm.tr 3.1 Itolafetl Ana •hull <J|| v .,i, r JIV r 14= Willi te 4 .an»l c rt UUIM) lh*> A tfMfcldl »M
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  • SINGAPORE AT HOME & ABROAD
    • 615 4  -  Too early to tell if local operations will be consolidated, both companies say Reports by Ronnie Lim THE planned merger of SmithKline Beecham (SB) and Glaxo Wellcome (GW) into the world's largest drug company will affect two of only four main bulk
      615 words
    • 487 4 THE Singapore plants of Smithkline Beecham (SB) and Glaxo Wellcome (GW) are unlikely to be affected by any possible closures that could follow the merger of the two British companies into the world s biggest drug company. Economic Development Board chairman Philip Yeo said
      487 words
    • 302 4  -  Christopher Tan THERE are more MercedesBenzes here than there are Nissans, Mitsubishis or Pro tons, latest official figures show. The German luxury marque climbed a notch since 1994 to become the third most populous car as at end-1997, af ter Toyota and Honda.
      302 words
    • 190 4 Bloomberg ISINGAPOKEI Shell Slnga pore denied reports that it In tends to mothball or shut down a major crude oil distil latlon unit at its Singapore refinery. While Shell "continuously reviews potential options, (here are no plans to mothball any of our
      Bloomberg  -  190 words
    • 296 4  -  BYE ON THE ECONOMY Prices ffy. Audrey Tan LOWER prices of mineral fuels offset price increases in most other commodity groups last November, leading the domestic supply price index to stay fairly flat on a year on-year basis. The latest figures from the Department
      Source: Dept of Statistics  -  296 words
    • 253 4 WESTERN countries will be sending the "wrong signal" to developing economies if they take protectionist measures against cheaper Asian exports now, says Education Minister Teo Chee Hean. In a speech to be delivered at the 1998 World Economic Forum in Davos this morning, he
      FILE PHOTO  -  253 words
    • 147 4 AFP (HANOI) Vietnam has granted a 70-year licence to a mammoth Singapore-led tourism development project worth US$7O6 million (Ssl.2 billion), a report said yesterday. Billed as the country 's biggest tourism joint venture, the Dalat Dan Kia Resort Corp plans to construct the project
      AFP  -  147 words
    • 228 4 The Straits Times PRIME Minister Goh Chok Tong will visit Jakarta today for talks wllh President Suharto on the financial crisis in Indonesia. They will explore ways to help Indonesia resolve the problems its banks are facing in their trade financing, a statement from
      The Straits Times  -  228 words
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    • 8 4 GUuco, SmlthKllne to tie up details. Pg 14
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  • FOCUS: PROPERTY
    • 819 5  -  THE PROPERTY COLUMN If there are no changes in policy, exec condos may pull even more buyers from private housing market Lee Han Shih GOING by recent reports. developers will be in big trouble if the government does not change its policies on executive condominiums. In
      819 words
    • 714 5  -  Group intends to build 8 hotels in India and 3 in Indonesia, Egypt and Mauritius From Harish Mehta m Bangkok UNFAZED by the troubles plaguing South-east Asian developers. India's Oberoi group, one of the largest hotel developers and operators in the sub-continent, is going ahead
      714 words
  • Page 5 Advertisements
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  • MARKETS IN TURMOIL
    • 316 6 FT ILONDON] Central bankers have urged the Bank for International Settlements to step up its surveillance of the cross-border loan exposure of private sector banks, reflecting the concerns about financial sector soundness in some emerging markets high lighted by the Asian
      FT  -  316 words
    • 496 6  -  Envoy's comments send expectations and markets soaring From. Harish Mehta in Bangkok THE US could provide direct financial assistance to Thailand but only after a careful review of the country's needs, US ambassador to Thailand, William Itoh. said yesterday. His comments
      496 words
    • 448 6  -  But some brokers feel the 14% rally is too rapid and will be difficult to sustain Front Loh Hui Yin in flonifkoiifi AN easing of local interbank interest rates, institutional buying. US President Bill Clinton's support for the bailout of Asia,
      Source: Bloomberg  -  448 words
    • 83 6 [TAIPEI J. 4 stock exchange employee in Taipei looking at a greeting sign that reads: "May All Things Go Well", held by a man dressed as the traditional money god. in Taiican'sfirst trading session yesterday following a 10-day shutdown for the Chinese New Year.
      REUTERS  -  83 words
    • 328 6 FT |I.ONI)ON| European hanks could face losses of up to US$2O billion (Ss'M.l billion)on their Icnding to Asia, according to new estimates from credit rating agency Standard Poor's. S&P has used data supplied hy individual banks to calcu late European bank
      FT  -  328 words
    • 505 6 Bloomberg IJAKARTAJ The Indonesian rupiah surged as much as 28 per cent after an agreement to reschedule debts in Korea boosted confidence that Indonesia will also be able to negotiate better repayment terms with creditors. "All the rollovers have raised hopes that
      Bloomberg; Source: Bloomberg  -  505 words
    • 270 6 Bloomberg (JAKARTA) Bank Indonesia Governor Soedradjad Djiwandono unveiled limits on deposit rates and the growth in foreign currency deposits at banks that accept a new government plan to guarantee their loans and deposits. The restrictions are designed to limit abuses of the new guarantees.
      Bloomberg  -  270 words
    • 377 6  -  But rally may be short-lived, says an analyst f-Yrmt Al Labita in Manila FOREIGN funds yesterday went on a buying spree, send ing the key HO-share index up 10.IS per cent, the highest in a decade, to 2.145.70 points. But an analyst doubted the
      Source: Bloomberg  -  377 words
    • 309 6 Reuters |LONDON) South Korea received the first improvement to its battered credit standing yesterday as one agency upgraded its long-term rating and said a further rise could l>e on the cards. Fitch Ibca. in a first move among the leading rating agencies,
      Reuters  -  309 words

  • REGION
    • 266 7 MANILA AFP SEARCH teams combed mountains near here late yesterday for a missing Philippine airplane with 104 people on board, amid conflicting reports that its wreckage had been spotted. As night fell, fears grew for the safety of the 99 passengers and five crew on
      AFP  -  266 words
    • 252 7 TAIPEI Reuters TAIWAN banks and the central bank governor yesterday played down the significance of Moody's bleak new outlook for the island's banking sector, saying it reflected Asiawide problems rather than weakness in Taiwan banks. "The Moody's evaluation shouldn't come as a surprise,'' central bank
      Reuters  -  252 words
    • 379 7  -  BANGKOK Absence of escrow law makes it easy for developers to cheat; legislation stacked against consumers By\ Harish Mehta THERE has been an alarming increase in the number of property fraud cases as homebuyers are being bilked by developers due to the
      379 words
    • 486 7 JAKARTA Sharp increase is foretaste of what is in store in coming months: analysts Bloomberg INDONESIA'S consumer price index accelerated to rise 6.9 per cent in January from December. its fastest rate in at least a decade, as the collapse of the
      Bloomberg  -  486 words
    • 280 7 HONGKONG AFP HONGKONG'S gross domestic product growth dropped to 5.7 per cent from a year ago in real terms in the third quarter of 1997, government figures showed yesterday. During the quarter, the territory's GDP growth somewhat decelerated but was still robust, the
      AFP  -  280 words
    • 139 7 JAKARTA AFP SOME 2,000 people rioted in a town on the Indonesian island of Sulawesi yesterday over increases in the prices of essential goods, a military officer said. The mob stoned shops in the centre of the western coastal town of Banawa. Central
      AFP  -  139 words
    • 250 7 TAIPEI November figure of USs2.sb kigjiest for a single month AFP. Reuters INDIRECT trade between Taiwan and China in November totalled U552.46 billion (554.2 billion), the highest on record for a single month, a government report said yesterday. Taiwan sold US$2.O7 billion worth of
      AFP.; Reuters  -  250 words
    • 87 7 I MANILA Former Philippine Jirst Uuly Imelda Marcus, who faces imprisonment, addressing thousands of su/tpitrters on Sunday during an often air Mass which turned into a political rally at the Tondo district in Manila Mrs Marcos told the crowd she was a victim of
      REUTERS  -  87 words
    • 175 7 JAKARTA AFP THICK HAZK caused by forest fires has returned to northern Indonesia and forced delays for flights in and out of the city of Balikpapan, a report said yesterday. The haze, which wreaked havoc across South-east Asia last year when it spread from Indonesia,
      AFP  -  175 words
    • 259 8 SYDNEY AFP AUSTRALIAN universities were urged by the government yesterday to vet applicants for student visas more carefully after almost 3,000 illegal immigrants used them as a back door into the country. Immigration Minister Phil ip Ruddock announced a crackdown on abusers after
      AFP  -  259 words
    • 546 8  -  TOKYO LDP to consider proposal for 6 trillion yen supplementary budget for public spending Anthony Rowley JAPAN'S ruling Liberal Democratic Party (LDP) yesterday appeared to bow to international pressure for the government to take bolder economic reflationary measures. Hut at the same time ministers
      Source: Bloomberg  -  546 words
    • 430 8  -  ■SEOUI Warnings come as parliament considers legislation to legalise mass layoffs Hir Jennifer Veale SOUTH KOREA'S unions threatened to launch strike action yesterday if the incoming president rammed through a law legalising mass layoffs without their consent. The warnings came as the National Assembly began
      430 words
    • 284 8 SYDNEY Bloomberg AUSTRALIA'S trade gap turned to a deficit in December, an early sign that concern that the current account deficit is set to widen is on the mark as the Asian economic crisis starts to hit home. The ASBBO million (Ssl billion)
      Bloomberg  -  284 words
    • 341 8 ■SKOUI. Stagflation imminent; jobless, interest rates seen rising Bloomberg SOUTH Korea reported its big gest ever monthly drop in imports as consumer prices surged, making it more likely the economy will contract this year and topple thousands of companies. The combination of slowing growth
      Bloomberg  -  341 words
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  • THE WORLD
    • 418 9 WASHINGTON Asia's economic crisis could temper US growth in the months ahead: analysts Bloomberg Reuters US PERSONAL income growth and consumer spending both slowed in December, winding up a strong year on a subdued note. Commerce Department figures showed yesterday. Incomes rose
      Bloomberg; Reuters  -  418 words
    • 271 9 WASHINGTON Reuters [WASHINGTON) President Bill Clinton sent the Republi-can-held Congress a US$l.73 trillion (Ss3 trillion) budget yesterday that forecasts a US$9.5 billion surplus for fiscal 1999. which would make it the first budget in 30 years to reach balance. The proposal, which covers the year
      Reuters  -  271 words
    • 332 9 WORLD ECONOMIC FORUM Reuters [DAVOS) The US wants JJipan to honour its international commitments and pump up its economy by boosting domestic demand, a senior US official said on Sunday, pressing home a clear message from Washington. "Certainly the United States is very concerned,
      Reuters  -  332 words
    • 359 9 DAVOS AFP WORLD Trade Organisation (WTO) director general Renato Ruggiero said on Sunday that China s entry into the global trade body would help ease Asia's financial crisis. Mr Ruggiero. who on Sunday met Chinese Vice-Premier Li Lanqing on the fringes of the World
      AFP  -  359 words
    • 288 9 LONDON FT THE US and the European Union are considering a new drive to sweep away barriers to transatlantic trade and investment. They expect to decide by April whether to open formal negotiations aimed at a broad free trade agreement If
      FT  -  288 words
    • 54 9 |L< )Nl)< )NI)KRRY, Northern Ireland Pictures ofthe 11 fjeople killed on liloody Sunday being held up during a com me mora I ive march (it Free I Jerry Corner on Sunday, /tritish /'rime Minister Tony lilair has announced a new inquiry into the
      REUTERS  -  54 words
    • 366 9 WASHINGTON Lewinsky's attorney sees president remaining in office AFP PRKSIDKNT Bill Clinton s sex scandal will "go away" and ho will remain in office, the lawyer for the woman who allegedly had an affair with him predicted on Sunday as Mr Clinton's poll ratings remained
      AFP  -  366 words
  • Page 9 Advertisements
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  • EDITORIAL & OPINION
    • 805 10  -  THE BOTTOMLDVE OPINION By Harish Mehta The writer is BT's Bangkok correspondent THE Bank of Thailand handed out a generous hong bao for the Lunar New Year although it could hardly afford the largesse it decided to take a controlling stake in the
      805 words
    • 140 10 'Bloody Sunday was a tragic day for all concerned. We must all wish it had never happened. Our concern now is simply to establish the truth and close this painful chapter once and for all.' -Tony Blair prime minister of Britain, announcing a new inquiry into the
      140 words
    • 664 10 EDITORIAL IT is to Singapore's credit that, as things stand right now, the economy does not seem headed for a recession. But things are unlikely to stand still or get better soon, they will probably get worse as the regional crisis bites deeper. Prime Minister Goh
      664 words
    • 1036 10  -  Old traditions die hard but Japan most rethink its social policies and stimulate domestic demand Ify i Gillian Tett FT IF IN doubt, deregulate. That, at least, would seem to be the message which Japan's trad ing partners are blasting at Tokyo this winter. For with Asia
      FT; FILE PHOTO  -  1,036 words
    • 394 10  -  MAILBOX Denis Distant Singapore via Internet I REFER to the letter "Shortselling is evil speculation that SES should not legalise" (BT, Jan 22) and empathise with ASK Wee's feelings on the subject of short-selling but look at what has happened to stocks In the region in
      394 words
    • 97 10  -  Jim Parsonage Singapore via Internet I FOUND your articles on the rental situation interesting but would like to suggest that the Information obtained is not reflective of the real situation. I have been looking for a place to rent in the Buklt Timah
      97 words
    • 437 10 Bett-tigbtanlng tn HZ IT is a common strategy for economic decision-makers to scale back certain targets if their country's growth rate begins to falter. Some employers in Hongkong seem to be doing the same thing... Two influential business groups are planning to reduce the recommended pay
      437 words
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  • Page 10 Miscellaneous
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1002 12  -  Gulf Harbour in Auckland is like a well constructed suspense movie which draws you casually in, enthuses hicklaus d'cruz NICKLAUS D'CRUZ THERE are few courses that can stand colossal over you; their might and their power exerting pressure on you to perform flawlessly, and their beauty and grandeur
      PHOTO COURTESY OF NZ TOURISM BOARD  -  1,002 words
    • 676 12 Reuters [PERTH] Denmark's Thomas Bjorn strengthened his case for an invitation to the US Masters by edging out playing partner lan Woosnam, who had led for three days, to win the Heineken Classic by a stroke on Sunday. Bjorn trailed his Ryder Cup playing partner Woosnam
      Reuters  -  676 words
  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 301 13 Bloomberg [HONGKONG] Hopewell Holdings Ltd said it will focus on businesses in Hongkong and China after the cancellation of a US$3.7 billion (556.4 billion) Bangkok transit project underlined the unravelling of its Asian growth strategy. "We'll focus on large-scale infrastructure projects in
      Bloomberg  -  301 words
    • 431 13  -  Other property counters also post gains as funds return Ven Sreenivasan [SINGAPORE] A whopping 40 per cent leap by the stock of the most heavily capitalised property counter gave the SES Property Index one of its big gest intra-day boosts yesterday. City Development's $2.15
      431 words
    • 193 13 [SINGAPORE] Mainboardlisted Lion Asiapac Ltd yesterday said it will sell its industrial property at Port Klang for RM4S million (5518.3 million) through wholly-owned subsidiary Lion Containers Sdn Bhd (LCSB) to Dynamic Pillar (M) Sdn Bhd. The 99-year property whose lease expires on Oct 22,
      193 words
    • 617 13  -  HOCK LOCK SIEW Neil Behrmann LONDON'S stock market is surging once again and last week the FTSE 100 index raced to new records of more than 5,400 points. Cash-flush fund managers are taking the view that interest rates will stop rising
      617 words
    • 609 13  -  BNP Prime Peregrine may consider a public offer later Froth Loh Hui Yin in Hongkong THE NEW owners of the defunct Peregrine group's Greater China equity products business are confident that their acquisition will turn in a profit this year, despite the bumpy
      609 words
    • 374 13  -  Acquisition part of plan to develop S'pore as regional hub ItyJ Jennifer Lien ISINGAPORE] BNP Prime East is in "serious negotiations" to acquire a non-listed Singapore brokerage as part of its plans to develop Singapore as its South-east Asian hub, officials said yesterday. The
      374 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 421 14 Talks on the structure of the world's biggest drags company are likely to last 2 weeks FT [LONDON] Teams of senior managers from Glaxo Wellcome and SmithKline Beecham plan to meet today in London to finalise the details of their £100 billion
        FT; AFP  -  421 words
      • 385 14 Reuters [SYDNEY] Woodside Petroleum Ltd announced yesterday a six month delay in building its massive new Laminaria oil project off Western Australia would blow out costs by about 20 per cent to as much as A51>.325 billion (Ssl.6 billion). The announcement, tagged onto
        Reuters  -  385 words
      • 283 14 Bloomberg [ARMONK. New York) International Business Machines Corp yesterday introduced a line of computer servers aimed at small and mediumsized businesses, as the company angles for a bigger piece of that US$7OO billion (SSI.2 trillion) market. The computers versions of its Netfinity. AS
        Bloomberg  -  283 words
      • 41 14 BANGKOK 1 Mohamad AI Fayed, president of Harnxls speaking to reporters yesterday following a meeting with Thai l*rinw Minister Chuan Ijeekpai. Mr Al Fayed said he is interested in a Thai natural resources development project. AFP
        AFP  -  41 words
      • 324 14 Bloomberg (LONDON] Nomura International, which may make a bid for the UK's Energy Group pic, said it intends to split the power and coal company up and sell units to investors through initial public offerings. On Jan 28, the subsidiary of Nomura Securities Co
        Bloomberg  -  324 words
      • 190 14 Reuters [TOKYO] Showa Denko said yesterday it and Novartis AG of Switzerland agreed that Showa Denko would obtain full control of SDS Biotech, currently 54.8 per cent owned by Novartis, through a takeover bid by the end of April. Showa Denko holds a
        Reuters  -  190 words
      • 428 14 Deloitte says it rejected Ernst Young merger bid Talks called off due to lack of client support, says its global head FT |LONDON) Deloitte Touche Tohmatsu. one of the Big Six accounting firms, has admitted it was in merger talks with Krnst Young but says it rejected the approach after
        FT  -  428 words
      • 388 14 Bloomberg [DAVOS, Switzerland] Bill Gates, chairman and chief executive of Microsoft Corp, said the US Justice Department's antitrust case against his company won't hurt investors. "I wouldn't worry too much about what it means for shareholders," he said at a press conference during
        Bloomberg  -  388 words
      • 244 14 Reuters [SYDNEY] Shares in the dominant Australian telecommunications company. Telstra Corp Ltd. reached a record high yesterday due to strong buying pressure from foreign investors. brokers said. The rise in Telstra's instalment receipts to A 53.41 just before the close of trade was
        Reuters  -  244 words
      • COMPANY Briefs
        • 46 14 [SINGAPORE] Bonvests Holdings has appointed John Chin Slew Choy non-executive director of subsidiary Colex Singapore Pte Ltd. Mr Chin was previously group general manager, and now holds directorships in Bon-Food Pte Ltd, Bon star Pte Ltd and Coop International Pte Ltd
          46 words
        • 65 14 [SINGAPORE] Cathay Cinema head Meileen Choo, through investment holding company Equus Holdings Pte Ltd. has bought another 0.6 per cent stake in listed United Pulp Paper for 90.442 per share, raising her shareholdings to 19.43 per cent (or 22.374 million shares). The 71,000
          65 words
        • 33 14 [SINGAPORE] Samudera Shipping Line Ltd has bought 30.74 million shares of wholly-owned subsidiary Foremost Maritime Pte Ltd for $30.74 million, increasing its holdings to 40.655 million shares.
          33 words
        • 97 14 [SINGAPORE] Tat Lee Bank Limited, through subsidiary Tat Lee Securities Holdings Ltd, has bought for HK510.96 million (552.4 million), eight million shares (or 20 per cent issued and paid-up capital) of Tat Lee Eaton Securities Co Ltd, from existing shareholders Etta Trading
          97 words
        • 40 14 [SINGAPORE] Keppel Corp director Loh Wing Siew has given up 200,000 shares of Keppel Corporation as gifts to his wife and two sons, after which he will still hold 316,458 Keppel Corp shares.
          40 words
        • 81 14 Bridge News [SINGAPORE] Westmont Land (Asia) Bhd, the Malaysian buyer of the Uganda Commercial Bank, has paid a balance of US$lO million (5117.2 million) covering both share holding and a capital injection to the bank, the Ministry of Finance announced on Saturday in
          Bridge News  -  81 words
        • 63 14 AFX-Asia [BANGKOK] Siam Cement pic said yesterday it will buy 7.96 million new shares, or 7.68 per cent of the outstanding stock, of Thai Industrial Gases pic. In a filing to the stock exchange, Siam Cement said it paid 25 baht for
          AFX-Asia  -  63 words
        • 83 14 Bloomberg [TOKYO] Nikon Corp, a Japanese maker of equipment for producing computer chips, said weakening demand in Japan and Korea for its chipmaking equipment forced it to cut its full-year group net profit forecast by two-fifths. Nikon says the lower profit forecast reflects
          Bloomberg  -  83 words
    • FINANCE & COMMODITIES
      • 360 15 New chairman says it may make US acquisition and intends to expand into Asia, S America FT [FRANKFURT] Dresdner Bank, Germany's second biggest bank, is to step up its efforts to become a global force in investment banking and is still
        FT  -  360 words
      • 307 15 It plans to integrate Brazilian ops with the investment hank Reuters [LONDON] British independent investment bank Robert Fleming said yesterday it would buy 75 per cent of Brazil's Banco Graphus SA. Flemings plans to integrate its existing Brazilian operations with the small
        Reuters  -  307 words
      • 483 15 IHT [PARIS] Europe's export credit agencies, caught in a squeeze between a rising list of East Asian customers who cannot service their debts on time and a diminishing ability to increase lending limits, are turning to the international bond market to
        IHT  -  483 words
      • 303 15 Reuter [LONDON] Britain's Barclays pic yesterday counted the cost of ditching its BZW investment banking arm, revealing a £688 million (Ssl.9 billion) 1997 pre-tax loss as a result of the sale. This involved three elements a £340 million loss from the withdrawal itself, a £129
        Reuter  -  303 words
      • 275 15 Bloomberg [ZURICH] Julius Baer Holding AG said 1997 net rose a great-er-than-expected 54 per cent as soaring financial markets boosted commission and trading income at Switzerland's largest listed private bank and asset manager. Profit rose to 202.4 million Swiss francs (*****.24
        Bloomberg  -  275 words
      • 266 15 FT (DAVOS) The South African government said on Sunday it hoped that a meeting held with European central bankers here in Switzerland, at the weekend, would help prop up the gold price. The French central bank also said it would
        FT  -  266 words
      • 225 15 SOiEX,Beport Reuters (SINGAPORE! Simex Kuroycn and Kurodollars wore easier yesterday after moving within narrow ranges. Dealers said Japanese government bonds (J(JH) were also slightly oIT in technical dealings. "The market was oft" technically Fundamentally, there was little to drive the the markets either way," a
        Reuters  -  225 words
      • 164 15  -  MSCI TAIWAN FUTURES Ry Charlie Kuo, Charlie Kuo, Service Dealer, Refco S'pore Pte lAd |SIN(SAI*()KK| Tho Simex MSCI Taiwan Stock Index fu lures contract rallied yesterday. Tho market hit Its 7 |»er cent upper limit rlKht after the openlnx hell. Although soiling
        164 words
      • 251 15 EMERG7 REPORT Reuters [LONDON) World oil prices were back under the cosh yes terday after the United Nations recommended that Iraq be allowed to more than double crude exports in exchange for food and medicines. London March Brent blend opened 16 US cents
        Reuters  -  251 words
      • 274 15 AFP, Reuters London THE US dollar rose against the mark yesterday as the threat of US military strikes against Iraq intensified, but the greenback was largely unchanged against the yen because dealers anticipated measures to support the Japanese economy. European currencies were weakened by comments made by European
        AFP,; Reuters  -  274 words
      • Article, Illustration
        1189 15 PfTERBAMg CROSS RATES Feb 2 AS C$ ECU FTr fta MKS YW «M CSNfcfi N» Sj >■< 11$ g Australia 0.992 6.178 0.634 4.193 1250 5 282 26.*****004 0M5 10.620 2J67 U60 ********** UTS 1369 10H 22.751 ***** 0.418 0503 CmM 1000 5.710 0.639 4.226 1260 5.324 26.*****.573 0.872 10.704
        1,189 words
    • 1792 16 S1C0M FUTURES Feb 2 RUBBER (futures dosing as «t 5.30pm) RSS1 CONTRACT'S cwitsAq) Close Volume Open Month High Low Sett (tonnes). Interest Mar 98 140.75 140.75 138.00 25 275 Apr 98 144.75 144.75 141.50 50 4000 May 98 147.00 147.00 144.25 50 4225 Jun 98 149.25 149.25 146.25
      1,792 words
    • 2510 16 LONOOft Mastnata Ft»2 Hmct 3i or mm soo AB Ports 3CC4CC 60C ABOay Hat««a. '240 72 '0 V2 54C -7 Amac "9 400 -1.600 >U<Cr«« "94 4CC -3 60C 3AT ind 570 -t2 90 P«c 325 40C 4 600 8>CC 137 5 BOC Group 928 18 3RPet'0»ein
      2,510 words
    • 1667 16 AFP Q Nikkei 225 *MBjS SHARES rose yesterday, buoyed by short covering of blue chips amid expectations for an extra government budget to boost the economy. A senior official of the ruling Liberal Democratic Party (LDP) on Saturday called for a six trillion yen (SsBl billion) economic package. The
      AFP  -  1,667 words
    • Article, Illustration
      1766 17 AFP f% Hang Seng +1,326^4 SHARE prices soared 14.3 per cent yesterday, propelling the key index past the 10,000-point level on the first trading day of the Year of the Tiger. Dealers attributed the surge to improved regional sentiment which saw bourses across the region rocket. A broker noted
      AFP  -  1,766 words
    • 417 17 AFP □wp Index +319.64 STOCKS soared 4 per cent yesterday, the first trading day of the Year of the Tiger, led by strong buying of technology shares amid improved sentiment in regional markets, traders said. "A rebound in global stock markets prompted a buying spree, especially in technology issues."
      AFP  -  417 words
    • Article, Illustration
      734 17 AFP rl Composite Index +68J7 STOCKS soared 14 per cent yesterday on the back of a regional rally and strong buying by foreign investors encouraged by the progress of economic reform, dealers said. "Foreign investors were buying on the optimism that economic reforms announced last week will help economic
      AFP  -  734 words
    • Article, Illustration
      942 17 AFP set Index +59.52 STOCKS soared 12 per cent yesterday as foreign investors rushed into large capitalisation stocks in anticipation of an extended rally. The main index was bullish from the start, smashing the 500-point mark within the opening minutes amid concerted foreign led buying in the wake of
      AFP  -  942 words
    • 342 17 AFP PI Manila +197.69 SHARE prices rose 10.1 per cent yesterday in a continuation of the rally that began last week after the announcement of better-than-expected economic growth figures, traders said. The PSE Composite Index rose 197.69 points to 2,145.70. Turnover was 2.14 billion shares worth 4.57 billion pesos.
      AFP  -  342 words
    • 507 17 AFP Q Composite Index -2170 SHARE prices closed lower yesterday amid worries about high interest rates. "Investors are worried that interest rates will remain high despite the government's hopes to bring it down." said a dealer. The Composite Index closed down 23.70 points at 543.HR. Turnover was 97.5 million
      AFP  -  507 words
    • 693 17 AFP fl All Ordinaries ♦13.4 SHARKS closed higher yesterday. helped by gains in Asia. Brokers said once the Asian markets opened, prices kicked up a bit further. The All Ordinaries Index rose 13.4 points to 2.670.1. Turnover was 278.8 million shares worth A 5801.39 million. The Hanking Index rose
      AFP  -  693 words
    • 274 17 Reuters Wellington -6.71 SHARE prices closed slightly down on heavier-than-normal turnover yesterday. The NZSE-40 Capital Index finished 6.71 points down at 2,226.00. Turnover, worth NZ$7B million, was boosted by lines in Telstra Corp, AMP NZ Office Trust and convertible notes and Sky City. Reuters W$ (OOP) ANZ Banfc mq
      Reuters  -  274 words
    • WARRANTS & OPTIONS
      • 216 18  -  WARRANT WATCH By Ven Sreenivasan THEY say a rising tide lifts all boats. Hut the boats that are lightest experience the worst buffetting when the seas turn rough. This observation is Just as relevant to the stock market, where light weight warrants turn out to
        216 words
      • 3761 18 lONM, LtANS ft W AM ANTS 1 97n V.) Day LaatOuota Av| Ht*K Lm Stno Company ItM *or- (OOOl Mt»h Lo» kuytr M« Arte a 68 9 m 3000 m AMOB e9 9H*****6 9 10 81 8 3160 A Atar ******1 US$ 11 II 14.5 •3' 8-5 3164 Acma ******4
        3,761 words
    • 2390 18 Transaction Date :Teb 2 J MALAYS AN STOCKS (f Gc •mrrnm um om, m dk n m mo* **<* c—p—y rooot w» lw W»r Cw P/t $<— 478 28 «l SOOO A<S8 50c OT .205 5260 K» 92 <CT KM 10 U 10 «l 1094 137 *«08 50c
      2,390 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1710 19 TURNOVER COOO) VALUE COOO) MjJj Clot TMI M«n Cl«» Trt* jnduitrul 196.034 183,546 331.580 414,073 99.565 513.638 FJwnc* 35.827 104.002 139.829 241.811 79.881 321.872 5.937 3.330 9.267 8.205 1.125 9,330 52H2!* 54.769 57.677 112,446 161.917 18.295 180,212 W»n«»«on 16,766 16,766 28.077 28.077 »«w«nq 3.628 3.628 2.541 2,541 47.822 76,838 3,013
        1,710 words
      • 5289 19 Tr.ins.iction Date: Feb 2 L«l Vol Day Last Oust* ON OW VM Nat Cap MH> Low StWo Comfmy Sata COOO) Mt* Low Buyar SaBar Cvr P/E imii Mm INDUSTRIALS 157 18.5 a 1020 ACEDynanWcs60c 31 »J 26 15 29 31 33 h 5146 A&CNTS*****. OS- 885 885 1275
        5,289 words
      • 1065 19 l**« VM Day LmI Mt cm. Mr ni M Cm H mi** Lm SIN. CM»wy Sal* fm w» U» Cw Wl Mn SCSI) AO 1000 tWHMfik IIS mk 2* 115 Its IU II* 10 *0 0.1 1*4J 511 n4 448 t04t AS Aut*IOc 1*7 OJ Ui 200 WO WO
        1,065 words
      • 227 20 Midn mrnrn •Reoonq Bhd 50c 41,901.000 •MBf Capital 35,066,000 •Rekapacific Bh 28,509,000 •RHB Cap Wt99 23,267.000 Wing Tai 25c 20,686,000 •MBF land Bhd 19,170,000 •RHB Cap Bhd 18,780,000 0BS Land 17,760,000 •Magnum Corp 50c 17,241.000 Asia FoodiProp 16.933.000 Stacks D8S Foreign 66.825,891 UOB Foreign 62.186.246 OCBC Foreign 55,806.819 SingTel 15c
        227 words
      • Article, Illustration
        59 20  -  -by Shiv Taneja INNOVEST closed 11.5 cents higher yesterday at 53.5 cents on a volume of 13.48 million shares, compared with its 10-day traded average of 576 million units. In the near term, the stock is likely to see some downside. However, investors with a long-term view should
        59 words
      • 675 20  -  STOCK MARKET COMMENTARY The STU soars 173 points as fands go on a buying frenzy following the super-long weekend ihj Ven Sreenivasan (SINGAPORE) The local stock market took off with a roar on its first day of trading in the
        675 words
      • ON THE GRAPEVINE
        • 185 20 SINGAPOREANS may be better buffetted from the Asian crista than their nelghbours, but this does not mean some of them are not affected. The Chla family of the Pico Art group, for example, is hit in Hongkong. Pico is, among other things, an expert in exhibition services
          185 words
        • 46 20 THIS comes from a prominent Indonesian businessman celebrating the Chinese New Year In Singapore last weekend. Looking at a friend drinking a vintage wine, he quipped: "This is a 12 million ruplah (SI1,908) bottle and you are drinking one million ruplah of It"
          46 words
        • 150 20 WAS it only less than a year ago that the Makena was billed as the "last prime freehold property In District 15"? The project, at the Tanjong Rhu and Meyer Road area In the east coast, had been so popular with buyers that its resale price
          150 words
        • 115 20 IN A rather tersely worded fax yesterday, we were informed that London-listed Henderson pic, the UK parent of locally-based Henderson Investors, is in discussions "with regard to a possible offer for the share capital of the company", which basically means they are possibly going to be
          115 words
        • 44 20 AT ASTRA'S OHQ award ceremony yesterday, the company's regional director Ulf Karlberg presented a Swedish crystal bowl souvenir to EDB chairman Philip Yeo. He warned Mr Yeo before handing it over that the bowl was extra-heavy, signifying the company's "heavy" commitment to Singapore.
          44 words
  • Page 13 Advertisements
    • 99 13 manißHMpoimirw ms ram) r IttfyriwL siS|sf^ a* >.* i! '<*■ vt. «3k *4' *t* >,• SKfr-■^BBHroB)^ T '*fc >*$$£?jt *SS ">:4.;. .2., f v... Our comprehensive range of financial services Is mmmmmmmmm designed to provide real value to you. Individually (.11 f fj designed to meet your special circumstances, our
      99 words




  • Page 17 Advertisements
    • 121 17 ♦The Shenzhen and Shanghai stock markets were closed yesterday. ItS AN IMA6E THING "I wanted a car that projects my personality, just as my clothes do. I knew exactly where to look jjt > I for one Classification 353." j Whether you're selling or buying a sports car, coupe use
      121 words

  • Page 18 Advertisements
    • 82 18 calling about\ /See...l told\ /The card we'reX the computer 1 you this was a J making for Susan I advertised in I good deal. J Yup, we got what V is going to he J The Straits Times s 1 we wanted because real nice! J—W. Classified. 38 J \L
      82 words

  • Page 19 Advertisements
    • 33 19 bouquet of flowers j J PMuf&g* N Buying or selling through f> j V i liked it. J The Straits Times Classified is child's Play. jL (i N Call CAT.S. at 1800-737-1166.® S
      33 words

  • Page 20 Advertisements
    • 483 20 BUSINESS Notices To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REST RELAX (MEN S) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursu** to Section 308 of ny Companies Act Cap 50 that the final General
      483 words
    • 238 20 THE MATTER OF T ;E COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ONES TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Ad Cap 50 that the final General Meeting I of the members of the abovenamed l Company
      238 words
    • 321 20 NOTICE IS HEREBY GIVEN thai, I Yce Kwong Cheong of Blk 103 Lower Delta Rd #03-1130 S'pore *****3 have applied for a Beer House Ist Class Licence in respect of M/s Plaza Foodcourt Pte Ltd located at 291 New Bridge Road #01-01 Oriental Plaza Singapore *****0 and that this application
      321 words
    • 513 20 NOTICE IS HEREBY GIVEN that, I Andrew Fletcher of #15-244 Blk 33 Chai Chee Avenue Singapore *****3, have applied for a Ist Class Public House Licence in respect of M/s Le Maurice Cafe Bar located at #01-09. Blk II Robertson Walk. Unity Street Singapore *****5. and that this application will
      513 words
    • 54 20 Career Choice Your weekly recruitment feature The New Paper, every Thursday. fSiStcKwS I Can't Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified, Home Needs Classifications
      54 words

  • SHIPPING TIMES
    • 316 21 Bridge News, Reuters THE rate for a Panamax grain cargo on the run from the US Gulf to Taiwan slumped to U5516.75, a U553.25 drop since Jan 7, brokers said. There was still some support on the Apr contract and it held its ground while Mar dipped and
      Bridge News,; Reuters  -  316 words
    • 282 21 -.wmmi Fat 2 CWT DrttntmOon 0AS *0.13 69 Chuan Hup 0/44 *0.025 48 Cosco tovrstmtnt .arts -0.055 19 FrrtaMLMu 0.305 *0.01 307 GSHoMnqs 0JJ5 *0.045 3 Hal Sun Hup 0.M *0-09 180 HKacM Zotan 0.635 *0.06 462 IMCHoMngt —HKS60 Jay« Holdings 0.37 Jurong SNpyard 8 35 H) *0
      282 words
    • 536 21  -  Industry expected group to switch HK terminal operator with alliance changes /Vow P T Bangsberg in Manila IT'S NOT every business that welcomes the loss of a big supplier of revenue, but Hongkong's dominant container handler professes to be delighted. As many
      536 words
    • 229 21 Reuters [LONDON] Falling water levels in the Panama Canal will not effect proposed changes to the composition of the Baltic Freight Index, the Baltic Exchange said last Friday. Baltic Exchange chief executive Jim Buckley said in a telephone interview that possible canal draft
      Reuters  -  229 words
    • 233 21 Reuters (MELBOURNE) Australian Premier John Howard accused trade unions of using thuggery on the waterfront to oppose the use of non-union labour, and a docker faced expulsion from the maritime union for stoning a bus. Mr Howard yesterday said Australians would not tolerate the
      Reuters  -  233 words
    • 1111 22 EOWLOON-CAMTON RAILWAY CORP In China, river and road transport may be cheaper but railway firm says it is more reliable and faster Cargonews Asia Manufacturers based in China's landlocked provinces have the three 4 r' options of getting goods to port, namely river, road or
      Cargonews Asia  -  1,111 words
    • 257 22 PAGE Dongnama 7 ACL 9 ta 5 ANL 3 6 n Accord 8 Euro,lans 6 Appefiship 5 tver reen 6 8 Astro 3 Fow Sun 8 Austral 9 CLinh gy Gemartrans 8 Batamindo 7 GwShM 9 Bays water 7 8 B'tang Mas 8
      257 words
    • 26521 30 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vnul Voyaga Talaphona ETA ETA Advartisar Vnwl Vovtg* laiaphon# SIN Dasfn Nam* Nam* Namfcir Number SIN Dast'n Nama Nam* Numbar N*»bar iHHaHHHMHHHMHMBMHHaHHHMHIHMi ■MHMNMRWMMMMMMaMiMHMMMiMMMi a To BARCELONA (BCN) 2042 Spain To ABIDJAN (ABJ) 2003 m/m m/w cosco feihe oomw *522*1*00 Ivory Coast, Cote
      26,521 words
    • SHIPS IN PORT
      • 593 35 Vessel Voy No Berth Arrival Departure Jvwf Nrt Jvoif Port Al Nasr 06-98 JOS itoogud* 02.02/0700 Bt Mm Gt6 $7 *****8 J01 alongside 02.02/2300 Bt S Makassa Uan98 J01 alongside 02.02/1900 Bt Sunjti 4 *****8 J01 alongside 02.02/2300 Bt Sury Inda Fefil JOt alongside 02.02/2000 Cement Hope 215
        593 words
      • 1779 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/Boloflco titls Ship Voy No Etb/Btr Portod From To From JUMpya 2 1042* 03/1*00 M 02/1900 02/1459 02/000 02/1900 02/1*99 02/1900 IWWI2 10*411 09/2100 2* 02/1700 01/0*99 01/0900 21 02/1700 01/0499 01/0900 1 01/0700 01/1199 01/1400 4 01/U00 01/1499 01/1700
        1,779 words
      • 205 35 MB Mexico: Anniversay of the Const! tutlon. Fa* ft New Zealand: Waltangi Day. Fafc 11 Japan: National Foundation Day. Thailand: Makha Bucha MM United States: Washington's Birth day Holiday. Fab 23 Brunei: National Day. Luxembourg: Carnival Monday. F*b 24 Portugal: Carnival. Mar 2 Greece: Orthodox l*nt Monday. Mat
        205 words
      • 898 35 Tills m"*"*. nmplkd by t'orkett Murine OH Mil. show* price ran|n In lIS dollars Instead <4 ■Ingle prlcn for a more comprehensive <te script lon tif th# market Prlcva shown arv ha ant on average sued itm Market movement* are Indicated The (4N-kril llunker Price lnde»
        898 words
      • 494 35 C«rfeM 180 Mm 1016.5 0.8 15.2 0.M 106 0.05 J«a 29 OwwMy Meter HiMm Atk Aluminium SeWwent No above £25 1 0 I 5 1 0 5"5/5" 380 AM 986 8 0J 13.0 0.06 28 0.01 dm 380 MM 992.0 1.0 16.6 0.10 43 0.05 %V*
        494 words
    • AIR & LAND TRANSPORT NEWS
      • 129 36 Reuters {LONDON] The British government was set to announce yesterday it would invest £120 million (*****.1 million) in a new range of Airbus Industrie aircraft, the Financial Times said. The decision had come despite initial objections from the Treasury and was a
        Reuters  -  129 words
      • 67 36 [SIHALA, Pakistan] Pakistani railway workers pulling the engine of a Zulfiqar Express passenger train from a mosque with a crane at Sihala, some 25 km from Islamabad on Sunday. At least 10 people were killed and six injured in Pakistan's Punjab province last Saturday when the
        AFP  -  67 words
      • 476 36  -  With 10-year contract, firm has placed 4 of 6 jets due for delivery in '98 w Felix Chan [SINGAPORE) Singapore Aircraft Leasing Enterprise (Sale) confirmed yesterday that it has clinched a 10-year contract to lease three Airbus A32os to US
        476 words
      • 135 36 AFX-Asia (TOKYOI Japan Airlines Co Ltd (JAL) said it plans to develop code-sharing services with US Partner airlines following the latest US-Japan aviation accord. The services "could help us expand our Japan-US network coverage and benefit our customers", JAL said in a statement. It
        AFX-Asia  -  135 words
      • 143 36 Reuters [SAN FRANCISCO] The Clinton administration plans to budget US$lOO million fS$l76 million) this year to put new bomb detection and safety equipment in US airports, US Vice-President A 1 Gore announced last week. Mr Gore made the announcement during a visit to
        Reuters  -  143 words
      • 193 36 AFP [BEIJING] South Korea's two major airlines will add new routes to China in a bid to boost business amid the Asian financial crisis, Xinhua reported last Saturday. Korean Air will launch seven new routes to Guilin, Kunming, Wuhan, Qingdao and Beijing from Seoul,
        AFP  -  193 words
      • 424 36 Sales slump due to Asia crisis likely to* persist through 2001 Reuters (LONDON| Car sales in the Asia Pacific region fell an estimate 7 per cent in 1997 and look set to slump by 29 per cent in 1998, according to
        Reuters  -  424 words
      • 221 36 Move by UK govt after bid winner demanded more funds AFP [LONDON] A consortium which narrowly failed to win the bid to build the high-speed rail link between London and the Channel tunnel has been approached by the British government to see if
        AFP  -  221 words
      • 1805 36 CITY FLIGHT fTA FII6MT ETO ***** 1025 AbvMuM CV794 2300 Hanoi VN7« 1310 W740 U® AdalaMa BA7381 1930 M7382 2050 7 "25 Of 81 1930 Of82 2050 Hat Yd T6407 1540 T6408 1645 $0229 2220 W895 2150 *896 «I5 Amstardan ***** 0810 *1844 0125 It* CM
        1,805 words
  • Page 21 Advertisements
    • 19 21 Railway firm sees potential to grow Kowloon-Canton says it's better than other modes of transport in China. Page 2
      19 words
    • 56 21 WEF: 6 February 1998 APL NOL SINGAPORE AGENCY (PTE) LTD (NOLSA) AMERICAN PRESIDENT LINES LTD (APL) now called: APL CO PTE LTD Singapore Agency Division 456, Alexandra Road, #08-00, NOL Building, Singapore *****2 Bookings/Enquiries Tel No: *****00 Main Switchboard Tel No: *****00 Fax No: *****89 Eagle Voice No: *****80 (wef:
      56 words
    • 527 21 Sale to lease A32os to America West With 10-year contract, firm has placed 4 of 6 jets due for delivery in '98. Back Page Federal Express has appointed Mark 11 Patterson as managing director South 1 Pacific Regional Sales. Mr Patterson will be j based in Singapore and he succeeds
      527 words

  • Page 22 Advertisements
    • 755 22 [MIQAPOHE CMJtHWA IXPWBBBIPUCT WIOIIWBBT COAMT) I I tOUtf MHACH|I» WHIMOO *0Y 0M <M SU U SM VBSB YOT JU MM lAN Ml CM PM SM HOWKOKEXPtfSS IMMI U/01 M/ 01 if/Sl 05/02 MMMAMMY 771 I*/01 U/01 23/01 19/01 02/07 01/02 mauoMm \rwm is/01 u/oi u/oi u/w wiioi m 23/01 25/01
      755 words
    • 676 22 Oy Me****} rf tr« o* fjl iKI Singapore Freight Forwarders Accred'te4 Sr.ppw-q Agents &UUv Association Sngapce Association so ur saijyv c,e <SJ~, Ov? \&%r° _<Uh..*" e- «r Just talk to us.. Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 X Japan -2 x Hongkong -1 x Monfa •1 x Koosfcung.
      676 words

  • Page 23 Advertisements
    • 1108 23 PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU Ivcsa vot piq Iswro Is* etc 1 iax I dol I new |oa I wrc <n hou wot sa mam 0211 05/01 07/01 01/01 23/01 27/01 a/01 a/01 w/01 w/01 a/01 20/01 30/01 tfiicm 0211 12/01 14/01 15/01 30/01 03/02
      1,108 words
    • 2164 23 HANJIN SHIPPING rw vst/ruT um "ST" UNHUUI/VOT sa w|»l I i m pn |«a| w Tm rv« ~~m~ m h. raasrowi w m/oi bi/w _j m/oi n/w n/n n/w n/w »/w m/w o? 7s/« 75/07 74/0? n/w 74/w m/w NFansiowiwTf m/oi >l/w sosi/iou is/w m/w 17/w 17/w m/w m/w 01/03
      2,164 words
    • 104 23 vw) ORIENT EXPRESS LINES (U.K.) LIMITED (MANAGER FOR SHREYAS SHIPPING LIMITEt)) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSIL VOY SINGAPORE IQJWtAY VESSEL VOY IQMIAY SINGAPORE ACHIEVER 006 03/02 11/02 ALBERT BRIDGE 010 25/01 06/02 ALBERT BRIDGE Oil 07/02 14/02 NORDKAP 422 28/01 09/02 NORDKAP 423 09/02 18/02 SINAR TOBA 222 01/02 13/02
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  • Page 24 Advertisements
    • 1271 24 <<r DSR-SENATOR\ 81l Round the World Container Services TOUKCCMfnWOfr FBOMUK/comtnent «gj wt ia wtm met ham mv hj vtsm vot l£h Ifu stm Ihw ham ImTI CMOYMM ATIAS WMN UJ2 SB 218 23 B M B SB MB CMOYMM OIAMT SMI 11 *1 12 SI IssT lIS SI SB MAftMl
      1,271 words
    • 1066 24 MY ANG MHC LINE VML 5 Mtp: //wwwymlcom.tw i&UHfcillJUl'* fa tp E mst-ntum VfSSfL VOY LEH FXT HAM AMR HFA MEO TAIPEI 53/4750E SlO SlO SlO SLD SLO 07/02 MING MOON A7SIE SlO SlO SID SlO SID 10/02 DOVER BRIDGE A7S2E SlO SID SID SlO 03/02 17/02 MING STAR AOOIE
      1,066 words
    • 482 24 LINE J BB r A TKL: *****56 FAX: *****12 I MUARA 1 LABUAN 1 vtssa. w nt ra vkse vot rrc n* SPOti MUAIA SPOH UN Amaotr vos/w oj/oj 04/02 Amaotr vo*/« 03/w 07/02 J-rroVB VO4I/9I 04/02 09/02 J.PWSFB V0«/M M/ 92 04/02 Amaotr vo«/w 12/02 is/02 vnaon vo«/« 12/02
      482 words

  • Page 25 Advertisements
    • 1262 25 IVEBBCL VOY I SIN I BKK POU PKQ PCN BLW I BUB IBA I BIK IRAN TEYFOURI PJL-1207 00/01 18/01 MAN TAKMTI PJL-12M 14/01 22/01 IRAN GHEYAMAT PJL-1272 03/02 12/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA
      1,262 words
    • 1794 25 iiihhini urn i ini I ,-a-* TiLs *****35 Z 6 SHEffION WAY ifc M* 1900 H&mnM CXnWAR^I/L^^ T™ 42os!o? I,, IoJIo!SrSFF!c? COSTAR SNIPPING PTE LTD #17-O«NSBU)G SAUS/KKGS 4205M1/43 INWARD KPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD Ot NO: **********0 M TOWK TWO (06M09) CONVINTIONAI 4205A50/S5 T/SHMMT MPT 4205*25
      1,794 words
    • 568 25 EASTERN CAR LINER, ITO.'ISSXS.'?* I_L_l Ea (SINGAPORE) PTE LTD )r specialize m roro a heavy uft upto n? tohs") EQ. (SMGAPOKE) PTE LTD LOADING FOR PORT KLANG BANGKOK/JBB. AIJ MV "OCEAN SAMPAGUfTA" V. 12 MV "SEKI KOCHt" V. 125 ETA SIN 28/01/98 ETA SIM 05/02/98 ETA PKL 29/01/98 ETA BKK
      568 words

  • Page 26 Advertisements
    • 1256 26 EUroPEfIJK/SCAHDIMAVIA/FIHLAMDfftISSIA SGP ROM ANW HBG TMP ZEE LHV LHV THP ROM ANW HBG PKL SGP E. DELIGHT RW-001 MD2 27/12 04/03 28/02 02/03 03AH 04/03 E. REACH RE-017 11/01 11/01 12/tl 14/01 11/01 00/02 10/02 E. ROUND RW-OO 14/02 00/03 11/R3 07/03 OM3 10/03 11/03 E GALLANT RE-054 21/01 2MI
      1,256 words
    • 943 26 AM MAC-NEIS S'ftflttE M'Slfl 1 |"~*s Cwitaf: MM CMI*UNU, MC I"K7\ J OH NO. IaOMTWOOOK SIBU: (064) *****9 MAMLA: (632) *****61 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKT: (21) *****07 MON: (61) *****3 TYO/YOK/OSA/UKB USA MV "SEVEN SEAS CHARIOT" V.634E MV "HANJIN BEIJING"
      943 words
    • 492 26 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY SIM I PtU I PU« I CTT I »/uT aumiHW 003S 04/0? 17/0? 20/02 tUMTAI MAGON 004S 10/0? 20/0? 24/02 2S/02 NAM PtINQ 020S 16/02 02/03 06/03 HAMTAI VENUS 02SS 22/02 02/03 06/03 09/03 GOLDEN DRAGON 003S 01/03 11/03
      492 words

  • Page 27 Advertisements
    • 541 27 I BSfl xl M MYANMA IHBk FIVE STAR UNE (Myonmor Notional Um) Loading lor Yang on (Rongooa) VISSU VOY SIN PUG PEN PGU HAKHA lIJ U PAGAN ISIW 04/01 MALAYSIA AGENTS: lOCS HAD SHIPPING AGENCIES ML 1H 02-03-*****00 MIL TU 02-03-376*101 PEN: 111 02-04-*****02 PGO: Til 02-07-*****21/4 BANK LINE (A
      541 words
    • 1270 27 £k HYUNDAI I MERCHANT MARINE CO. UP. IVB» VML 5: SOU I LIN im lAWINARIIAWINARI nvTli~| [vtssa voy sou um maw nam ny hi 1 NY MGMMSS JOOW 01/01 10/tl 10/0111/0111/0111/W 23/01 NYINPBOO 3001 00/01 1W 11/01 iW il7»r 11/01 01/01 HYOAMN 311W 04/01 15/01 N/0110/01 M/ 01 M/ 01
      1,270 words
    • 904 27 norwegon spaaofeed outoavrwrj Bf§£%g"" s Qj@M°}(£ TO NORTH AND LATIN AMERia [VISSII VOY UW WIGHT SIX LAI CRI NUA SAV KAI I Ofif I NYC I NfW I MOt TAROMGA FOO4 400 Um 4.311 10/0J 10/03 11/03 21/03 23/03 2S/03 26/03 27/03 01/04 05/04 TAMO FOOS 400 Imm 6JM 02/03
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  • Page 28 Advertisements
    • 957 28 BANQKOK/LAEM CHABANQ JAKARTA/PANJANQ VESSEL VOY SIN BKK LCH VESSEL VOY I SIN JKT PJN ORA BHUM** 42N In Pt 08/02 DEJA BHUM 733S ~n Pt 0&/02~ 08/02 NANTA BHUM 379N In Pt 07/02 08/02 MATHU BHUM 367S 08/02 07/02 XETHA BHUM 225N 04/02 08/02 MATHU BHUM ***** 06/02 07/02 BANI
      957 words
    • 373 28 BINTANG MAS SHIPPING PTE. LTD. I 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX R*****S SINMER CR No: **********0W Receiving Cargo at PTI Bin til I u Muara VEM VOY SIN tH VfSSII VQT SIN MUA IMm WBo3f 05-04/07 11/07 MM WBO7I 0405/02 09/0? IMS WM3f 07-01/07 17/07
      373 words
    • 595 28 M ACCORD MM SHIPPING PTE LTD Til: *****15 (40 Line*) FAX *****30 KMJOJUK (03) U7 1001 tm M OWICT ACCISS TIL *****55 (EXPORT BOOKING) HSM UMMG (07) SSI 1377 *****34 (EXPORT DOC), *****39 (IMPORT) nUMC s (04)3311*41 URIiHTTP://WWW. ACCOItD.COM. SO MJUUTU (J 1) MO 0770 WMTT ITA WW EOiT m
      595 words

  • Page 29 Advertisements
    • 345 29 INDONESIANATIONAniN^^ |TO EUROPE "1 I ■Xf IIMS>BBW"COHTMNBRIBgDlIMS>8BW"COHTMNBRI8gD SERVICE KUTAI I »7/f 1/3 OMIT 5/3 TO AUSTRALIA 1 FULL CONTAINER SERVICE VS. Bnr m 1 IYD MB. HBA jgj Ht KXCmw. VMS 2MIH/T OMB IM2 IMB 2WB ZW NOLNMER V.SK MI7C IMB 2M2 ZMZ ffl TO MSUGAI VMS IWIW 2MB 17«
      345 words
    • 1116 29 ADVANCE CONTAINER LINES (PTE) LTD J* I 140 C«cil Street, #12-00, PIL Building, Singapore *****0 V Lil TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO **********06 OPERATIONS: *****6<V *****05 ■AWOKOK JAKJUtA (IS»lli"gi W«sklo PAT) IS Saillaat/Waaki H VfSSB. VOY SM BKK VBa 5* MAKIN 019N 04/02 w»d 07/02
      1,116 words
    • 991 29 VESSELS I VOY SIN 1 JED I MLA I LEH I HAM I THP RTW ZEE V-LEOEMW4OSA V23W 03/02 12/Qg Igg glAg 23/02 24/02 24/02 27/08 V«XE 0E TAURUS A24W 08KJ2 19/02 24/02 02/03 03/03 06/03 06/03 OMB V*J_E D*AQUARIUS U24W 17/02 25/02 0BK» 07/ TO aSi» T7/03 11/03 12/03
      991 words



  • Page 32 Advertisements
    • 44 32 To retrieve more schedules, just follow these simple steps... document ial 740-6000^^^^^. tep be the port your Stepil Step nd key in the four number #J| digit code Key in your Example: > fax number To *lEW YORK (NYC) 2275 for calls within Singapore tates
      44 words



  • Page 35 Miscellaneous
    • 129 35 —374 M'M fk'.-t >^TwT7TTT— LEGEND R Thunderstorm Temperature °p V Shower Weather Wind direction with speed m knots Roin Cloudy Sky Wov h gM Surface winds ore indicoted by arrows which ffy with the wind \Zs r>e u circle represents calm or light and variable winds One half Heche represents
      129 words

  • Page 36 Advertisements
    • 227 36 M.V. RAINBOW JOY >01.2 AMD 24 JANUARY (2) M.V. "LION HEART" YOY. 24 AftRD27jANIARYI9M Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 4 February I99fc *****200 hours at P9 'NTY s Office) No further survey will be
      227 words