The Business Times, 12 February 1998

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 110/12/97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, FKBUARY 12,1998
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  • 70 1 H on U MSEL»(+IB.2B) PI W-SM U 7ML» (+12.00) PI BTCMP UMAX (+11.85) wmwtha U 838J6 (+9.09) Q MAMET MOODs STOCK MAHET HMCEB Wcdoeaday Change KLSE COUP 7*87 179 NIKKEI dmi HANG SENG 1(7*141 MM SET INDEX dm* JAKARTA COUP __487«1 MM MANILA COUP _X21&X2_> ***** TAIPEI WPI
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  • 80 1 EXCHANGE 1ATES ust ss CSI ISM i 1.824 IM DM OJM ASM YEN 100 tm 141C MS 0182 •M HKS 0.129 Oil I BAHT 0923 8.937 RUP1AH 100 0.014 0(« hue-ban* ram PUKE KATES* SINGAPORE* 7.H5 KUALA LUMPUR JJO JAKARTA ...18.00 BANGKOK 1125 MANILA 12.50 HONGKONG JJO TAIPH JJO
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  • 1102 1  -  US consultant says system can be ready in 3 weeks, a peg of 5,000 rupiah to US$l possible From S N Vasuki in Jakarta INDONESIA yesterday formally announced it would establish a currency board system to stabilise the rupiah and help
    REUTERS  -  1,102 words
  • 433 1 Denial follows report of talks with IMF over system AFP. Reuters [BANGKOK] Thailand's finance minister denied reports yesterday that the government was discussing the introduction of a currency board system here with the International Monetary Fund (IMF), Thai television reported.
    AFP.; Reuters  -  433 words
  • 411 1  -  Standard 7-year rate now ranges from about 5 to over 7% By Clarissa Tan [SINGAPORE] Fixed-rate loans for new cars have shot up to as high as 7.6 per cent double the 3 to 4 per cent rates offered
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  • 536 1  -  !ty\ Larry Wee, R Sivanithy (SINGAPORE] A newspaper report, later denied by the Thai government, that Thailand is also examining a currency board system after Indonesia drove the baht to a high of 41 against the dollar in early morning trade yesterday,
    Source: Dow Jones  -  536 words
  • Page 1 Advertisements
    • 102 1 DBgDE Foreign banks cat fired deposit rates Foreign banks have been so successful in attracting retail funds lately that they are cutting back on fixed deposit rates when their local counterparts are raising theirs, Pg2 Property prtvininui Be prepared for the provisions property companies are expected to make in their
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    • 7 1 Two views on currency boards, Pg 12
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    • 231 1 Timeless values. Taf Empire Period -tf>v *F Geneva enamel Duplex escapement movement o/ London If These I wo exquisite watches, The Rolex Day-Date in the shape of peaehes, are W is appreciated for more called «For China». than just the twenty-five The craftsmen of Geneva were languages in which it
      231 words

  • SINGAPORE AT HOME & ABROAD
    • 589 2  -  Their short-term deposit rates now lower than local banks' By\ Frances Lui FOREIGN banks have been so successful in attracting retail funds lately that they are cutting back on fixed deposit rates when their local counterparts are raising theirs.
      589 words
    • 463 2  -  Another 20% still getting less than $1,000 a month By, Audrey Tan MORE than one in five workers now earn at least $3,000 a month, compared to barely one in 20 just a decade ago. the latest labour statistics show. And
      463 words
    • 187 2 SINGAPORE'S boating and marine leisure industry will get a boost when three popular marine shows come under one roof at the World Trade Centre during April 1-5. Boat Asia '96, METS Asia '98 (Marine Equipment Trade Show), Asia Dive Expo '98 and
      187 words
    • 324 2  -  EYE ON THE ECONOMY Outlook By Jennifer Lien THE regional currency crisis has dampened business sentiment, latest official business expectations surveys show. The Economic Development Board's survey of 384 manufacturing companies between December 1997 and January shows a net weighted balance of 13 per cent
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    • 388 2  -  By i Christopher Tan THE Mercedes-Benz A-class is here, seven months before authorised agent Cycle Carriage is due to have its first shipment. A single silver unit of the left-hand-drive version sits at parallel importer Euromobile's showroom In Sin Ming Road. The display
      ARTHUR LEE  -  388 words
    • 286 3  -  Reasons for ho* sodden departure not clear; firm declines to give details By. Abdul Hadhi DR Judy Lim, who joined RSP Architects Planners Engineers as its chief executive officer in July last year, has left the firm. A RSP spokesman
      286 words
    • 200 3 HOMEGROWN garment manufacturer Singapore Crocodile $s expanding its operations in China by investing $20 million fo two factory-and-warehouse Complexes. The first complex, which will have a 10,000 sq m builtup area, will be built in Suzh<ju and will be
      200 words
    • 406 3  -  Versace, Prada shops secure cats of up to 10% from Hong Leong Ang Wan May TWO fashion gurus Christina Ong and Tina Tan who bring in labels such as Versace and Prada have secured rental reductions of up to 10 per cent for their
      406 words
    • 464 3  -  But US still biggest contingent with over 200 firms taking part Hy David Boey AMERICA'S decision to boost rits military muscle in the Gulf has knocked two star United States Air Force warplanes from Asian Aerospace 1998 a Rockwell B-1B
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  • Page 2 Advertisements
    • 1050 2 OA CAM International Holdings Ltd NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held on 27 February 1998 at 2.30 pm at Aflson Hotel, Pine Ballroom, Level 3.101 Victoria Street, Singapore *****8 to transact the following ordinary business:
      1,050 words
    • 37 2 on 'Y storey. \f7\it »ii Restaurant For sale j| un l with lift Iserves all levels. The only unit at $4.5 m Wmm d i Art now. Do not wait. jj Marketing: f Vl*t 4® f *****658
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    • 93 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words

  • Page 3 Advertisements

  • FOCUS: PROPERTY
    • 600 4  -  Tuah Sing's Kingsville and Limau Villas leasehold landed projects will be relaunched soon Janny Lam [SINGAPORE] UAN Sing Holdings will, withW oM in three weeks, relaunch two V 1 leasehold landed projects, Kingsville and Limau Villas, first marketed a year ago. Up first for
      ARTHUR LEE  -  600 words
    • 248 4 Bloomberg [LOlfeON] MEPC pic said it agreeif to sell 70 per cent of its Australian property portfolio to AJIP Asset Management pic and fib in Yen for a total of As49(million ($544 million) as the flsl estate company disposejof its
      Bloomberg  -  248 words
    • 494 4 Downward trend may continue given the economic slowdown Bridge News [HONGKONG] Office rentals fell in aU three of Hongkong's premier office areas in January. affected by increased supply arid by a downturn in the broader property market which has seen
      Bridge News  -  494 words
    • 886 4 Property transactions for districts 11 and 21 (sectors 28 to 90 and 58 to 59) lodged between Nov 27, 1997 and Feb 7,1998 PROJECTNMC/ PROP CONTRACT TENURE BUUW PRICE PSF STREET NAME TYPE DATE UUCAKA* (SOFT) CStWJ) CSS) District T1 Buckley Mans Apt 21-11-1997 FH Mi 925 8ti
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  • Page 4 Advertisements
    • 251 4 MRfl FAIRS TIDNKW; ABOIT A GRADUATE DEGREE IN MANAGEMENT? 1998 MBA Fairs Learn more about opportunities to j earn an MBA and other graduate 9 in ASia I degrees in the field of management by r. i i..» j attend,ng the MBA Fairs in Asia Participating Univsrsitias Directors of Admission
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    • 27 4 TODAY vLianhe Zaobao Y" s .—T>T>| mm-. mjiotZ7c|| Hi i J mn i! WSMfi-kJI «®K±m)) Sunday Classified -i?ltqftlvct 4 at Clarke Quay Every Sunday, 9am spm |cat.s.
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    • 19 4 v f The Straits Times^ Classified comes in handy when mr I'm looking for handicraft courses .J jf w
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  • Page 5 Advertisements
    • 269 5 Without quiet and peace of mind, your appreciation of performance will never be perfect. At Lexus, our philosophy insists that luxury car performance not only delivers the uplifting feeling of smooth, powerful acceleration. It must also add to the serene comfort lMU i" > I M "^.r.. in I Wflo:te,Pr
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  • MARKETS IN TURMOIL
    • 509 6 Aim of USslob pool is to ensure companies continue producing IHT [LONDON] The United States and its Group of Seven (G-7) partners are discussing the creation of an unprecedented emergency pool of about US$lO billion (Ssl6 billion) worth of special trade insurance
      IHT  -  509 words
    • 616 6  -  Developing countries with central banks have done worse than those withont: Kurt Schiller Ity Catherine Ong THE track record of Bank Indonesia and that of other con tral banks in developing countries show that Indonesia is better off with a currency board
      616 words
    • 396 6 Policy-makers on veil plans to privatise state giants AFP [SEOUL] South Korea yesterday expanded the band of stock price fluctuations and unveiled plans for possible privatisation of state giants in fresh efforts to ride out its financial crisis. The moves coincided with reports
      AFP; FILE PHOTO  -  396 words
    • 252 6 AFP (BEIJING) A suggestion for a draft declaration on Asian stability was put to Chinese President Jiang Zemin yesterday by the man widely tipped to become South Korea's next prime minister, diplomatic sources said. Kim Jong Pil, leader of the United
      AFP  -  252 words
    • 254 6 AFP [SEOUL] South Korean merchant banks yesterday agreed to roll over commercial papers worth eight trillion won (SsB.l billion) to ease serious liquidity problems of corporations. Under the rollover accord, reached at a meeting of 16 merchant banks, the maturity of eight trillion won
      AFP  -  254 words
    • 425 6  -  In the longer term, it won't rise significantly, he says By I Shiv Taneja [SINGAPORE] The Singapore dollar which has appreciated by almost 10 per cent in the past several weeks is "slightly overvalued", and from a longer term perspective is not expected
      425 words
    • 398 6 Stabilisation moves to be discussed next month in parliament AFP (BOMBAY! China is to take measures to maintain the stability of its yuan, which rather than facing possible devaluation is under pressure to appreciate. a senior securities regulatory official said yesterday. The measures
      AFP  -  398 words
  • Page 6 Advertisements

  • REGION
    • 579 7 TAIPEI M'sian deputy premier stresses his Taiwan visit is purely economic, not political Reuters MALAYSIAN Deputy Prime Minister Anwar Ibrahim, making a politically sensitive visit to Taipei yesterday, said he found Taiwan very supportive of proposed measures to help his battered economy. "Premier Vincent
      Reuters; AFP  -  579 words
    • 777 7  -  CHUA WATCH Bonds serve politics more than fiscal expansion By Lu Ning AT the World Economic Forum at Davos last week, Chinese Vice-Premier Li Lanqing announced a spending spree: China is to spend a total of US$75O billion (SSI 2 trillion) in three years
      Source: Ministry of  -  777 words
    • 302 7 MANILA Reuters A KEY insurance industry body for developing nations has endorsed Malaysia's gradual approach to liberalising the sector as a model for others to follow, the body's senior officials said yesterday. "We have told our members to pay attention to the Malaysian
      Reuters  -  302 words
    • 153 7 BEIJING AFP INVESTMENT in China grew an annual 9 per cent to 2.53 trillion yuan (*****.6 billion) last year, a slowdown from the near 15 per cent growth recorded in 19%, the Xinhua news agency said yesterday. Investment in the debt burdened state
      AFP  -  153 words
    • 300 7 MANILA AFP THE Philippine economy is recovering from the Asian finan clal crisis but it still faces hefty challenges, said Economic Planning Secretary Cielito Habito yesterday. "Now. we're seeing a turn around although it is presumptuous to say that we're already out of the woods,"
      AFP  -  300 words
    • 375 7 HE MING Reuters IN a clear sign that he will take over as premier, China's economic tsar Zhu Rongji has been slated to deliver the keynote address to parliament next month. Chinese sources said yesterday. Separately, the National People's Congress
      Reuters  -  375 words
    • 227 8 SYDNEY Bloomberg AUSTRALIA'S most-watched measure of consumer sentiment jumped 5.1 per cent to a 15-month high in February, suggesting better job prospects are outweighing concerns about Asia's financial crisis. "The consumer appears to be responding well to the maintenance of
      Bloomberg  -  227 words
    • 417 8 SEOUL Tomorrow's general strike looms unless Seoul renegotiates lay-off accord Reuters INDUSTRIAL strife loomed in South Korea when the country's militant labour umbrella group, defying a government warning, said yesterday it would proceed with a planned general strike tomorrow. The 550.000-strong
      Reuters; REUTERS  -  417 words
    • 369 8 BOMBAY AFP THE head of India's central bank here yesterday threw his weight behind pro-market reforms by arguing they had revolutionised the country's capital markets. Bimal Jalan, governor of the Reserve Bank of India (RBI), said: "There has been a sea-change in
      AFP  -  369 words
    • 260 8 WASHINGTON She's confident Seoul, Tokyo will continue to meet major costs Reuters (WASHINGTON! Secretary of State Madeleine Albright ex pressed confidence on Tuesday that South Komi and Japan would pay the major costs of a US$5.l billion (SsB.3 billion) nuclear project for North
      Reuters; REUTERS  -  260 words
    • 283 8 TOKYO Govt to allow companies to sell CPs directly to investors AFP JAPAN'S finance ministry will relax regulations on cr*n mercial paper issuance by corporations to ease the nation's credit crunch, a business daily said yesterday. The ministry will allow companies to sell
      AFP  -  283 words
    • 271 8 WASHINGTON Bloomberg US President BUI Clinton is prepared as early as next month to waive a Cold Warera law and aUow US businesses to expand trade with Vietnam, a Clinton aide said. "The president will be prepared to act in a
      Bloomberg  -  271 words
    • 281 8 KUALA LUMPUR State govt working out a new deal with Tenaga Nasional Reuters [KUALA LUMPUR] Malaysia's Borneo state of Sabah said yesterday an attempt to privatise the Sabah Electricity Board (SEB) had failed and a new deal was being worked out. The national Bernama
      Reuters  -  281 words
  • Page 7 Advertisements
    • 348 7 lEventHopic Speaker Welcome Address Mr? Elizabeth Sam. Chairperson. I MAS fl^Bj Floating Exchange Rate* and their Dr Jim Walker. Chief Economist HBk Implications for the Regional Economies and Policies Credit Lyonnais Securities (Singapore) Pte Ltd 9S^B Thr Role of Supra-national Financial Agencies in Asia Mr David C.L. Nellor. Deputy to
      348 words

  • Page 8 Advertisements
    • 127 8 It could be any number of fY anniversaries, ISO certification, pages but the cost of a special 1 vJ U. 1.1.1. lfc ground-breaking ceremonies feature in our newspapers and topping-up ceremonies. will remain the same for you: $0. We will Since you have so much to gain and nothing organise
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  • Page 9 Advertisements
    • 277 9 I DAI KIN %y| Daikin and you won't haue to pay the price. f uen today, Daikin's reuolutionary "no mater" URII central air-con system saues ouer §130,000 1 a year in a 25-storey office building. Imagine your sauings in the future! 1 The building in question is John Hancock Tower.
      277 words

  • RUN-UP TO INDIAN ELECTIONS
    • 1111 10  -  Most polls put BJP ahead without a clear majority and show Sonia Gandhi's campaign has helped Congress fif: Rajendra Bajpai [NEW DELHI] THE right-wing Hindu revivalist Bharatiya Janata Party (BJP) and its allies have forged ahead of their opponents in most opinion polls published
      FILE PHOTO  -  1,111 words
    • 824 10  -  Manifestos of BJP, Congress offer opposing economic policies From Yogi Aggarwal in Bombay AS THE dates for polling in India's parliamentary elections draw nearer, the fight has narrowed down to one between the BJP and the Congress, with either one of them likely to
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  • Page 10 Advertisements
    • 107 10 L HOTEL 81* HOTEL 81 *STM HOTEL 81 *HOU.YWOOO A 1 Lorong 12 Geylang Lorong 18 GayUnf Lorong 8 G*ylang I Tel: 842 8181 Tel: 748 8181 Td: 383 8181 nett. I |Aj| |j I night (Double/Twin) on Saturday! A ev« of public holiday* $59 f!6tt« p€T flight (twjfl) For
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  • THE WORLD
    • 562 11  -  NEW YORK They expect bonds to rally on signs of moderation in the US economy By, Andrew Marks WITH the equity markets surging again and prices for 30-year US Treasuries on the decline since early January, the bond market
      FILE PHOTO  -  562 words
    • 167 11 NEW YORK Reuters A REPUBLICAN probe has found that illegal campaign contributions to the Democratic National Committee in the 1996 election came from China but were not tied to the Chinese government, the S'ew York Times said yesterday. Citing a declassified docu-
      Reuters  -  167 words
    • 384 11 WIESBADEN, Germany Rate of 1.7% slowed by weak retail and energy prices Bloomberg WEAK retail sales and falling energy prices helped push Germany's annual inflation rate to a seven year low, gov ernment reports showed today, raising optimism the Bundesbank won't raise inter est
      Bloomberg  -  384 words
    • 435 11 mLONDON Bloomberg, Reuters UK Prime Minister Tony Blair yesterday kicked off an £8 million ($2l million) advertising campaign to attract businesses to its New Deal programme designed to get unemployed youth off welfare and Into work. Government officials said 24 big
      Bloomberg,; Reuters  -  435 words
    • 117 11 LONDON AFP A SHOCK survey highlighting poor pay and working conditions for tens of thousands of British children, some as young as 10, has given fresh impetus to moves to bring the country into line with European laws on child labour.
      AFP  -  117 words
  • Page 11 Advertisements
    • 77 11 DAILY. SMOOTH AS SILK. i c- x V. Every afternoon, Thai flies non-stop from Singapore at 3.25pm to arrive In Jakarta at 4.05pm. En|oy our Royal Orchid Service on board and also earn miles with Royal Orchid J Hfll Plus, Asia's leading frequent flyer programme. Thai. Smooth as silk. Smooth
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    • 156 11 I 7i i Meet one of Louis XV's favourite chicks... §i ...and discover the pleasures of life in a gilt cage. You art* spec ially invited to a standing-room only performance by a rare and exquisite golden bird in a jewelled cage, and to view a connoisseur's collection of limited
      156 words

  • EDITORIAL & OPINION
    • 734 12  -  THE BOTTOM LDVE OPINION By Leon Hadar The writer is BT's Washington correspondent WITH President Bill Clinton distracted by Monicagate, US Treasury Secretary Robert Rubin has emerged as the chief Clinton administration voice on the financial turmoil in Asia Some observers conclude that Mr
      734 words
    • 98 12 'Capitalism without bankruptcy is like Christianity without hell' David Roche a strategist on the East Asian economic crisis. I never spanked or scolded my son. But I never recalled a case where he disappointed me either.' -Thuan Leekpai 66-year-old mother of Thai Prime Minister Chuan Leekpai on
      98 words
    • 645 12 EDITORIAL IF AMERICAN actions in the Persian Gulf have not been universally endorsed this time, it is not because of any lingering sympathy for President Saddam Hussein, but because of an understandable degree of confusion regarding the Clinton administration's precise motives. The entire Arab
      645 words
    • 1039 12  -  TWO VIEWS ON CURRENCY BOARDS Chances are corporates will bail out of rnpiAh, causing sharp drop in reserves and a credit crunch Vikram Khanna The writer isßT's regional economics editor IT LOOKS increasingly likely that Indonesia will perhaps even before its presidential election early next month adopt
      AFP  -  1,039 words
    • 1016 12  -  Transparent currency board avoids mistakes by central banks Hy Catherine Ong The writer is BT's senior correspondent A SENIOR official of the IMF recently disclosed that only four people In the public sector in Thailand knew of the scandalous US$2O billion (Ss32.;> billion) forward contracts at
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  • Page 12 Miscellaneous

  • OSCAR NOMINATIONS
    • 1293 13  -  Whether it's the Leo factor, the built-in tragedy or just what love means, one thing's for sure. Titanic taps into something, well, deep, says amy Wallace AMY WALLACE LATWP LISA Epstein saw the movie Titanic for the first time on Christmas Day. She's seen it
      LATWP; FILE PHOTO  -  1,293 words
    • 321 13 Reuters (TORONTO) Canadian director Atom Egoyan said on Tuesday he was shocked to learn of his two Oscar nominations for The Sweet Hereafter his film about a town devastated by a school bus crash. "I was just stunned. It was completely unexpected and beyond the realm of
      Reuters; REUTERS  -  321 words
    • 422 13 Hie movie world is returning to classical composers in a big way LAT [HOLLYWOOD] There are few surprises among the composers nominated for an Academy Award, especially in the category of best original dramatic score. The music of the nominees John Williams (Amistad), Danny Elfman
      LAT  -  422 words
  • Page 13 Advertisements
    • 163 13 Celebration of love at the Orchard. 14 FEBRUARY 1998 Add another memorable chapter to your love story with a romantic dinner, roses, chocolates and balloons. Tea Lounge The Sidewalk FASHION SHOW BY MOVIE Endless Love Valentine's Day Set Dinner MODELS FEATURING THE SS6O per person S$4S per person LATEST CASUAL
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  • Page 14 Advertisements
    • 150 14 I lie I'.inni-i.Mii I kurici olkrtion I pockcl Wiilchi's with complications ii lid objcts (I'an m;i\ he iowod in Sini»;i|>oiT shortlx. mi Ihe l .iisl liklin Room .I riii' K;iHlt s Sin^iipoiv a|| vVI iJ I rom LMIi t<» 151 h I ihru;ir\ pws «L Jij I mill 11.00 iim
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  • Page 15 Advertisements
    • 907 15 Where to wine, dine and entertain... at overns j^^jj29o4s4! T j MoHictSquare 1 g ■|CH!HM||Hj M I RESTAUtAJTT PMOCMCT WINE CELLAR J If 3 »*Y SKlrannnßEH IE Happy Times 4 > VBHrH h I iiHi -««arl IMIttJttSIAIIRANT rOOPCOURT ,ihe* our wir.es, spirits j i 2ND DRDfIK OfQ^ARDSj C\Ll <? Otj
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  • Page 15 Miscellaneous
    • 839 15 TV&RADIO 8.30 New Adventures Of Rob- 8.00 Berita 12 (News). 1 B ilflTTiTTSn——— r in Hood. 8.30 Festival Filem ICI Dulux: 130 J™ TV Innovations. 30 Ally Mcßeal. Uyar 12 -XX Ray 11. V* JIB I I; 1 j L\ tz k 10.30 News 5 Tonight. 10.30 Granny Nonnon And
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    • 213 15 CRYPTIC CROSSWORD ACROSS Z\ Admiral's in the hold (6) 26 Foreign character Joins the ar 27 Desire to travel, crawling some I I I 1 I I I I I I distance (5,4) -Q* 28 Avoldfd pits speeded round BGoin to call on hard old tribes- YESTERDAY'S SOLUTION down man(B)
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  • EXECUTIVE LIFESTYLE
    • BUMPER to BUMPER
      • 55 16 THE Porsche Boxster has been voted "Automobile of the Year" by Automotive Magazine, a renowned US publication with a circulation of over one million. Two dozen cars introduced in 1997 vied for this title, including the Audi A 6, Chevrolet Corvette, Chrysler Concorde, Jaguar XJB,
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      • 72 16 THE folks who build one of the world's bestselling cars also build homes—and mighty fine ones as this photo shows. Sales of Toyota homes rose 13.5 per cent in the 1907 fiscal year to 3,713 houses on the back of better marketing
        72 words
      • 95 16 PORSCHE AG posted group profits of 65 million marks (5558.4 million) for the interim ended Jan 31, up almost 70 per cent. Turnover rose 9.6 per cent to 1.95 billion marks with 14,900 cars delivered. The Stuttgart company is now well on its
        95 words
      • 79 16 NISSAN Motor has upped its computer-aided design (CAD) capability with new software from Cincinnati-based Structural Dynamic Research Corp. The carmaker's investment estimated at eight billion yen (SSIOS million), will allow CAD work on a whole vehicle, instead of just parts now. The three-dimensional system will also
        79 words
      • 69 16  -  n.mniifcy Christopher Tan TEAM Red Bull Sauber Petronas is entering its sixth Formula One with renewed optimism, with Jean Alesi and Johnny Herbert on its side and an improved VlO engine. The dynamic duo is one of the strongest in the field,
        69 words
    • 828 16  -  The latest Xsara combines Citroen's legendary suspension with a new elegant look, writes Christopher tan CHRISTOPHER TAN ASK anybody what they think is the best handling non-sports oar today and the answer would, more often than not. start with a B and end with a W.
      828 words
    • 500 16 PURSUITS Region's gamblers have been beating the odds at Aussie casinos Reuters |MKLH()UKNK| Asia's wealthy may b«» down on their lurk at home, but in Australia they have been on a red-hot winning streak leaving Asia's battered financial markets and corporate wreckage
      Reuters; FILE PHOTO  -  500 words
  • Page 16 Advertisements
    • 135 16 and it COStS you nothing. You have just attained world-class recognition with your ISO certification. To customers, it means that your company has attained high quality standards for your products or services. This is your biggest competitive edge. So tell all your customers about it in a special feature. It
      135 words

  • COMPANIES & MARKETS
    • 576 17  -  But the markets specialist believes the region still offers the best opportunities By I Shiv Taneja [SINGAPORE] Despite the recent rally in regional equities, emerging markets specialist Mark Mobius believes the bear cycle isn't over, even if the region now presents some
      576 words
    • 487 17  -  Two mjyor rallies ahead, then mrimagmahto falls From Quak Hiang Whai tn Hongkong THOMAS Schroeder may not be as well known as Marc Faber. But the technical analyst with SocGen-Crosby might well pass off as the new Dr Doom. In his presentation yesterday, Mr
      487 words
    • 155 17 (SINGAPORE] Singapore Press Holdings' Local shares continued their upward march to new heights yesterday, breaching the $20 mark for the first time ever. The counter eventually closed with a 40 cents gain for the day at an all-time closing high of $19.60 with 921,000
      155 words
    • 560 17  -  HOCK LOCK SIEW Clarissa Tan IF you think Singapore banks are going through a tough patch at the moment, spare a thought for the finance companies. Smaller, often lesser known and with none of the advantages of the large capital
      560 words
    • 559 17  -  Unsold units, erosion in value of regional assets need to be written down //V Ven Sreenivasan |SINGAPOKK| Property companies may have to make slg nlflcant provisions In upcom 111 K results for unsold properties and erosion In the value of their regional assets because of
      FILE PHOTO  -  559 words
    • REGIONAL COMPANIES
      • 343 18 International call traffic strong but not matched by revenue growth as rupiah fell AFP [JAKARTA] Indonesian satellite communications firm PT Indosat said yesterday that it notched up a 22 per cent increase in net profit last year, posting profits of
        AFP  -  343 words
      • 237 18 Bloomberg [KUALA LUMPUR} Tanjong pic, a Malaysian gambling company, said it cancelled plans to swap two-thirds of an office building project for a stake in KLCC (Holdings) Bhd. owner of the world's tallest office buildings, the Petronas Twin Towers. Tanjong said it
        Bloomberg; FILE PHOTO  -  237 words
      • 440 18 AFP [HANOI] US consumer products giant Proctor and Gamble (P&G) may be forced to shut down its Vietnam subsidiary by the end of this month if it cannot reach a restructuring solution with its local partner, a source close to negotiations 9aid yesterday.
        AFP  -  440 words
      • 363 18 Reuters [SYDNEY] Troubled Australian grocer Davids Ltd yesterday rejected a Asl.lo a share bid from South Africa's Metro Cash and Carry Ltd. Directors described the offer, which values the group at about AS49O million (*****.9 million), as "highly conditional" and "totally inadequate".
        Reuters  -  363 words
      • 506 18 Rupiah's fall a boon as entire output is exported for US$ Reuters |JAKARTA| Copper and gold mining giant IT Freeport Indonesia (PTFI) says it is insulated from the economic turmoil in the country as all production is exported and its revenue is in
        Reuters  -  506 words
      • 191 18 Reuters [KUALA LUMPUR) Malaysia's Slme Darby Bhd said it will set up a Joint venture company with Boeing Co. Hexcel Corp and Malaysian Helicopter Services Bhd to make aircraft composite parts. In a statement sent late on Tuesday, Sime Darby said
        Reuters  -  191 words
      • 246 18 At cnrrent market prices, the shares are worth about USs2J>m Bloomberg [JAKARTA) PT Matahari Putra Prima, Indonesia's largest retailer, said yesterday it has sold the stake in PT Hotel Prapatan it bought last month. A Matahari investor relations official said
        Bloomberg  -  246 words
      • 176 18 [SINGAPORK) Indonesian businessman Johanes Kotjo has sold 1.39 million Van Der Horst warrants held by Southart Ltd. Southart. which is controlled by Mr Kotjo and other Indonesian businessmen, sold the warrants in two blocks 630.400 units on Monday at an average price
        176 words
      • COMPANY Briefs
        • 58 18 [SINGAPORE] Trading in the Dragon Land shares will commence on a "when issued" basis with effect from today, a circular from the Stock Exchange of Singapore said yesterday. Dragon Land's offer of 10 million public shares at 12 US cents apiece was 10.5 times subscribed at
          58 words
        • 62 18 [SINGAPORE] DBS Bank has sold its entire 9.43 per cent stake in Nippecraft Ltd for $5.3 million. The shares were sold in three different lots of 5.2 million shares, 20.8 million shares and 6.85 million shares on Feb 5,6 and 9 respectively. They were sold
          62 words
        • 110 18 [SINGAPORE] Singapore Technologies Engineering said ST Aerospace Supplies Pte Ltd, a wholly-owned subsidiary of its aerospace arm, Singapore Technologies Aerospace, has agreed to sell back its 20 per cent shareholding In WK Engineering International to the Californian company. ST A Supplies will receive
          110 words
        • 91 18 [SINGAPORE] Seet Keong Huat and Goh Klan Hwee have been appointed non-executive directors of Hotel Negara with effect from Feb 9. Mr Seet was practising public accountant and partner in charge of finance administration at Coopers k Lybrand from 1968 to 1996. He has
          91 words
        • 74 18 [SINGAPORE] Acer Computer International has increased its investment in Wipro Acer Ltd, an India-incorporated company that manufactures and sells Acer products in India. Acer's has increased its previous paid-up capital of 110 million rupees (554.4 million) by injecting a further 18 million rupees in
          74 words
      • 403 18 Ratings reflect good asset quality, lean reserve coverage Bernama [KUALA LUMPUR] Rating Agency Malaysia Bhd (RAM) has reaffirmed Mayban Finance Bhd's long-term rating of AA3 and short-term rating of PI. In a statement, it said the ratings reflect Mayban's good asset quality and excellent
        Bernama  -  403 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 538 19 Interim earnings fall 22% to £160 m; firm expects '98 revenue growth to be hit Bloomberg (LONDON) Reuters Holdings pic said second-half profit fell 22 per cent mainly as a result of a strong pound, which it said may curb revenue growth this year.
        Bloomberg; Source: Bloomberg  -  538 words
      • 333 19 Texas Utilities sole threat to PacifiCorp's bid Reuters (LOS ANGELES) Nomura International pic withdrew from the battle for Britain's Energy Group pic on Tuesday, leaving Texas Utilities as the only remaining threat to the PacifiCorp bid. Texas Utilities and Nomura emerged last month
        Reuters  -  333 words
      • 364 19 Regional crisis forces firm to drop plans to boy foreign carmaker AFP [SEOUL] Samsung Motors Corp said yesterday it will invite more foreign partners into its fledgling business, shrugging off a lingering controversy over the viability of its entry into South
        AFP  -  364 words
      • 269 19 Bloomberg [SEOUL] A South Korean court blocked Seoul-based •Boram Bank from making a US$lBO million (***** million) payment it owes JP Morgan Co on a money-losing Asian 0 currency derivatives contract. The court ruling came a day after SK Securities, a Korean
        Bloomberg  -  269 words
      • 247 19 Bloomberg [BAARN, Netherlands] Poly.Gram NV, the world's largest *recorded-music company, re.ported a 14 per cent rise in fourth-quarter profit, at the high end of expectations, as sales increased. Net income rose to 432 mil•lion guilders (***** million), ,or 2.40 guilders per share,
        Bloomberg  -  247 words
      • 38 19 [NEW YORK] Margarete Hyer showing off Mattel's newest Barbie doll "WNBA Barbie which wears the uniform of the Women's National Basketball Association, at the American International Toy Fair in New York on Tuesday. REUTERS
        REUTERS  -  38 words
      • 437 19 Bloomberg [DULLES. Virginia] America Online Inc reported fiscal sec-ond-quarter earnings in line with estimates, its fourth consecutive quarterly profit as the No 1 online service added customers and sold more products online. Net income for the quarter ended Dec 31 was US$2O.B million
        Bloomberg  -  437 words
      • 370 19 Higher fee income helps offset the tough mortgage market Bloomberg (SYDNEY) Commonwealth Bank of Australia's first-half earnings were unchanged as higher fee income helped offset tough competition in the home mortgage market. The Sydney-based bank said profits were a better than expected AJ6O2 million
        Bloomberg  -  370 words
    • INTERNATIONAL COMPANIES
      • 224 20 Bloomberg [NEW YORK] American International Group said fourthquarter earnings climbed 15 per cent, as gains from financial services offset slower growth in premiums caused by plunging Asian currencies. The biggest US financial services company said earnings rose to US$B7O.B
        Bloomberg  -  224 words
      • 425 20 It beats weak music, film markets with publishing, cable FT (LOS ANGELES] Time Warner overcame a weak market for music and a modest performance in US cinemas to post an 18 per cent increase to US$l.65 billion (552.7 billion) in cashflow for
        FT  -  425 words
      • 242 20 Bloomberg (ROTTERDAM] Unilever, the Dutch-British maker of consumer products from Magnum ice-cream to Calvin Klein perfume. said fourth quarter profit plunged a worse-than-expected 95 per cent after a charge to root out surplus plants and equipment and a beefed up marketing campaign. Net income for
        Bloomberg  -  242 words
      • 153 20 Bloomberg (PHILADELPHIA) Cigna Corp's fourth quarter earnings slipped as income from its property and casualty unit fell and its health insurance business took on interest costs from an acquired company. The company also reported US$Bl million (***** million) in restructuring and other charges
        Bloomberg  -  153 words
      • 369 20 It says credit goes to CEO Jack Welch; Microsoft comes 2nd and Coca-Cola 3rd Bloomberg (NEW YORK) General Electric Co is the most admired company in America, topping Microsoft and Coca-Cola, due largely to the leadership of chief executive .lack
        Bloomberg  -  369 words
    • FINANCE & COMMODITIES
      • 440 21 Magellan up 4.81% against SAP's 4.15%; analysts say too soon to call it turnaround Bloomberg [BOSTON] Some of Fidelity Investments' biggest mutual funds, including the flagship Magellan Fund, are recording higher returns than the Standard Poor's 500 Index in the
        Bloomberg  -  440 words
      • 381 21 Bloomberg [NEW YORK] France s Societe Generate SA reached a preliminary agreement to pay about US$6l5 million (SSI billion) in cash for closely held Cowen Co, as it expands into the US equity business, said a person familiar with the situation.
        Bloomberg  -  381 words
      • 292 21 Analysts expect last year's return to be lower than 1996's AFP [FRANKFURT] Deutsche Bank plans to make a pre-tax return on equity of 25 per cent in three years' time from 17 per cent in 1996, bank president Rolf Breuer said
        AFP  -  292 words
      • 62 21 (TAI PEI] Taiwan's hog farmers shout slogans in front of the American Institute in Taiwan's Taipei office yesterday, protesting against what they called unreasonable demand by the US to force open Taiwan's pork market. The farmers have warned the Taiwan government against bowing to
        REUTERS  -  62 words
      • 258 21 US insurance broker plans to buy France's Le Blanc de Nicolay Bloomberg (CHICAGO) Aon Corp said fourth-quarter earnings from operations advanced 37 per cent as the company, the world's second biggest insurance broker, benefited from recent acquisitions. Aon also said it
        Bloomberg  -  258 words
      • 290 22 Bernama [MELBOURNE] Australian insurance giant National Mutual Holdings (NatMut) is confident of the Asian economic recovery although forecasting a big drop in investment earnings in 1998. National Mutual's chairman Dean Wills told the group's annual meeting in Melbourne yesterday that the first-quarter sales for
        Bernama  -  290 words
      • 531 22 Single currency will change way fond managers look at European equities Reuters [LONDONI Next year's dawn of the euro will force major changes in the way ftind man agers and investors look at European equity investment. The launch of the single currency will
        Reuters  -  531 words
      • 255 22 Too expensive to sell Euroswiss franc bonds, says bank Bloomberg [FRANKFURT] Deutsche Bank AG plans to sell more than US$lO billion (5516.3 billion) of bonds in 1998, said Laurent Garret, head of capital markets in its treasury group. The US$lO billion includes
        Bloomberg  -  255 words
      • 498 22 Analysts say some dosed-end foods are over-valued Bloomberg [BOSTON] Closed-end municipal bond funds are trading at the highest levels in almost four years, boosted by declining US interest rates. These funds are getting an extra boost from the absence of new funds being
        Bloomberg  -  498 words
      • 453 22 Reuters [LONDON] International in vestment banking giants keen to offer clients a so-called "one-stop shop" may trumpet integration as the key to success, but not independent firms like Rothschilds. "We are not integrated. We have no desire to be integrated and
        Reuters  -  453 words
      • 159 22 SSMEXReport Reuters (SINGAPORE) Simex Eurodollar futures edged higher in slow trade yesterday as activity was severely thinned by a public holiday in Japan, trad ers said. With little in the way of major US economic data due for release, dealers said that the market
        Reuters  -  159 words
      • 157 22  -  MSCX TAIWAN FUTURES By Charlie Kuo Kuo. Service Dealer. Refco S'pore Pie Ltd (SINGAPORE) The Slmex MSG I Taiwan Stock Index fU turn contract rose 8.2 points to SKI. 1 yesterday. The consensus that US firms are able to perform well even
        157 words
      • 300 22 ENERGY REPORT Reuters (JAKARTAI Indonesia's state oil company Pertamina yesterday said it will seek further foreign investment in oil as the country tries to avoid becoming a net oil importer. "We encourage foreign oil investors to search for oil in Indonesia because the success rate
        Reuters  -  300 words
      • 276 22 Reuters, AFP London THE US dollar ran up against the mark in Europe yesterday on heightened fears of a military strike against Iraq, which added to the buoyancy dollar/mark had taken on earlier through sterling's rise against the German currency. Simmering tensions over Iraq's dispute about UN arms
        Reuters,; AFP  -  276 words
      • Article, Illustration
        1172 22 DfTBRBAVK CROSS RATBS Febtl C» ECU Ffr P» MK$ f HHm 1m 9m M Bhtb Nt S$ 8> T$ 1** N— W$ AasMU 0.97ft ft-171 0.62ft 4134 1.233 1273 2ft.4W47.ft* 4044 10.910 2.412 *****454 ***** U» 135ft 0 99ft ***** ***** 0.420 0401 0641 4235 1263 1402 HT7I 2.471 UK
        1,172 words
    • 1685 23 81C0M FUTURES Febu KUBBCR (Mum closing as it SJOpnt) RSS1 COMTBACTlS cmtsAqi Ck>M VoHnm Opm Mairth Higk low Sott (towm) NrttfHt •tar 98 124.50 200 Apr 98 ***** 128.00 128.50 800 3700 May 98 132.00 130.50 ***** 1025 3700 Jun 98 133.50 ***** 133.50 550 3250 JiM/Sop 98
      1,685 words
    • 2365 23 Cil fi§s_3=* M«ns«0 1M<T3 -\A ftrtoCAC-40 \240C. *U4 aiUMHtnOM* 2 607 n AatlMMl mo <HM Onw*m-W m* **WW6 MM) «M2 'wotna «*M tflU wot •WWF-KMW ?.WJ «Mk7 Willi T 111*1 TftCmm UM >K7I NMVarfcOMJnM U«i) ««&09 D*f«tltfJOO UR»A .*27 la toe* mrr la SI la US$ %*y
      2,365 words
    • Article, Illustration
      1664 24 Bloomberg yjHangSeng -66J26 STOCKS closed slightly lower yesterday as properties rallied and utilities fell. Real estate investment company Great Eagle rose 9 per cent to HK$lO.9O as local borrowing costs fell to their lowest in two months. HK Telecom, CLP Holdings and other utilities took the most off the
      Bloomberg  -  1,664 words
    • Article, Illustration
      670 24 Reuters nShenzhenßlndex -Ll9 SHENZHEN'S B share market ended lower yesterday as retail investors cashed in gains from the advance over the last two sessions. The B Index fell 1.19 points to 97.78. Turnover shrank to HK539.4 million from HKSU3.3 million on Tuesday. "B shares corrected as profit-tak ing emerged
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  670 words
    • 383 24 AFP QWPlida ♦146.76 STOCKS rose 1.7 per cent yesterday, buoyed by overnight gains on Wall Street and ample liquidity in the market, dealers said. "Liquidity is not as tight as people had thought," said an analyst. "Active trading was ftielled by sufficient capital, a rally on Wall Street and
      AFP  -  383 words
    • 295 24 AFP gilimli ♦m.46 STOCKS surged 6.7 per cent yesterday as foreign funds returned amid an improving outlook for troubled Asia. The PSE composite index gained 139.45 points to 2,218.32. Turnover was 4.4 billion shares worth 3.9 billion pesos. Banking and property scrips boosted the index, as both sectors were
      AFP  -  295 words
    • Article, Illustration
      679 24 AFP Q Composite Index -30.09 SHARES slumped 5.8 per cent yesterday on the announcement the rupiah would be pegged to the US dollar and in response to a demonstration in Jakarta which was broken up by police and the military. "The riot was really bad news for the market.
      AFP  -  679 words
    • 259 24 Reuters |3 Wellington ♦30.72 SHARES rose yesterday, as signs of renewed financial stability in Asia brought some optimists out of hiding and back into selective purchases, brokers said. The NZSE Top-40 Index closed up 30.72 points at 2,283.93 on volume of NZ$B5 million. Reuters f«*n cooo> ANZ 11.25 0.15
      Reuters  -  259 words
    • 432 24 AFP CI Composite Index -2L63 SHARE prices closed 4 per cent down yesterday, with sentiment depressed by threats of strikes over a lay-off law by a militant labour union, dealers said. Foreign investors largely stayed away from the market, with some accelerating their selling of blue chips in the
      AFP  -  432 words
    • 612 24 AFP F1 All Ordnance +1(U) SHARE prices rose yesterday, driven higher by a strong performance from Wall Street which closed at a record high. "We have finished above the resistance line of 2,670. so that's a plus,'' said a broker, noting that a holiday in Japan left markets with
      AFP  -  612 words
    • KUALA LUMPUR STOCK MARKET
      • 9096 25 INDUSTRIALS CoflswMf products 1998 Lest Vol Day Net Cap MHM Law Company Sat* 000 High Law P/t Smii 310 180 A|tnomoto 300 -6 26 308 300 16.6 121.6 148 73 Angkasa 136 unth 242 144 135 3.2 200.5 290 123 Apollo Food Hlg 270 unch 31 290 270 7.9 108.0
        9,096 words
      • 564 25 AFX-Asia n Composite Index -2.70 SHARE prices closed slightly lower yesterday with Maybank and lower liners posting losses on profit-taking after days of sharp gains, dealers said. The KLSE Composite Index closed down 2.70 points at 739.87 on volume 0f1.12 billion shares valued at 2.24
        AFX-Asia  -  564 words
    • WARRANTS & OPTIONS
      • 3780 26 "&OMDS, IMNS ft VAMAKTS wt t99T/98 Last Vol Day Last Ouata Av« M4qh Ln St no Company Solo *ar- COOO) High Law Buyar Sa4lar Prteo 68 9 m 3000 m AMDBc5.5%*****6~ 20 7 67 23.5 20 20 21 81 8 3160 'Acar ******1 US$ 18.5 -0.5 211 20.5 18 18.5
        3,780 words
      • 208 26  -  WARRANT WATCH -By R Sivanithy THERE seems to be a palpable sense of bullishness in the market these days, one marked by a firm refusal to accept had news and a stubborn desire to buy at all costs. As such, it looks like the
        208 words
    • 2359 26 Transaction Date :Feb 11 MALAYSIAN STOCKS 6* Or WT/W Lact v« 0«r La* 9mM »> on m «h m Cm L— «f» Cl Mil I Wl rOOO) L— Bwyor *—»r Cw W $H 478 28 nit S000 A S8 50c 122 3355 02 .20 121 122 50 3J
      2,359 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1520 27 TUWOttR COOO) VALUE £000) turn cm thi mm ch» nw tr Industrial 267 444 479,741 747,445 3S0J22 34UJ14 .I**?. 1 i nmntl 19.017 HOM 187.103 94,431 129,942 224,413 Hot* 5.249 *470 23.759 4,744 12.079 *447 Proo«rtl4» 14,479 221,022 239,701 54.455 Ufcflt 140.575 Plantation 33,444 33,444 ***** JMg MMlf 10,923 10,923
        1,520 words
      • 5432 27 Transaction Date: Feb 11 Or Or M Wt l**7/M Last Vol Day LmI Owata 0«* OH *M UK Cap A«o nm> Lai »H9o Ciim—y Ma roooi HI** Lm Mayor Mar C*vr P/l Imii Prtca •■MMMtS157 10.5 1020 ACE OynamlcsOOc 42 5 unci »64 43 42 42 42 5
        5,432 words
      • 1193 27 Or 0r M «n r»»7/f liat V*0 Day LAAt Ow»t. ON Dt» VI4 Mat Cm Av* mi** Ln MM* CMWwy IM roooi H0*» Law *wy»< Mw C *r 4k Pft Sua Nn ■MM IM T* 2000 AB»MMoaSc 12* »2 It IM 124 121 124 10 6 0 0.1 WO
        1,193 words
    • STOCK EXCHANGE OF SINGAPORE
      • 205 28 Stein Volume •Refcapacific Bh 104,106.000 •Renong Bhd 50c 81,374,000 *MW Capital 56,150,000 Asia FootfProp 53,759,000 •RmorejWtOO 46,991,000 Hotang Inv NTS 38,682,000 •Promet 36,413,000 *M8F Land Bhd 33,954,000 •M Resources 33,244,000 •MWHtdgsSOc 28,008,000 Stacks •Renong Bhd 50« 71,708,210 Uefcapacific Bli 55,612,945 •MM Capital 47,410,016 SHi Foreign 41.417,005 *M Resources 40,674.828 SM
        205 words
      • Article, Illustration
        65 28  -  by Shiv Taneja ASIA PACIFIC LAND closed four cents higher yesterday at 41 cents on a volume of 13.4 million shares, compared with its lfiday average of 3.04 million units. Based on the daily RSI and stochastics, the counter is expected to trade sideways In the near term.
        65 words
      • 663 28  -  STOCK MARKET COMMENTARY Prices track volatile forex market before ending off their day's highs; second liners also active, with rotational plays featuring heavily on Gob R Sivanithy (SINGAPORE] The local stock market yesterday finally showed some signs of strain in its quest
        663 words
      • ON THE GRAPEVINE
        • 95 28 TIMES are hard, and we hear some Taiwanese businessmen have been eschewing the XO and going for some fine red wine Instead. But one electronics multinational's sales chief was certainly not prepared for the extent of such austerity drives. Arriving at a Taiwan lounge
          95 words
        • 163 28 IF A study is done in Asia on which company women would love to work with, International Business Machines Corp may top the list. Big Blue employs 10,700 people in 17 countries in the Asean and South Asia region, of which roughly half are women. Last month,
          163 words
        • 115 28 THERE'S a rumbling at the grand old Singapore Cricket Club over an indiscreet remark made by a committee member of foreign origin at a member of our armed forces who turned up at the club in his military uniform. The committee member, in objecting to the attire, is
          115 words
        • 85 28 WHENEVER there's a hot commodity on the market, the piracy vultures are bound to descend on it. Counterfeit operators in Sim Llm Square are said to be selling VCDs of the Titanic by the thousands. Price and the unavailability of an original version are not
          85 words
        • 115 28 THE big-hearted volunteers with the Marine Parade Community Development Council have hit upon a novel way to ring in St Valentine's Day, which falls this Saturday. CDC volunteers will launch and distribute an, ahem, "LOVE" kit to show "their love for their community" and to "do
          115 words
  • Page 17 Advertisements
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      72 words


  • Page 19 Advertisements
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    • 119 19 10 PRESTIGIOUS U.K. GIRLS' SCHOOLS all accredited by THE GIRLS' SCHOOLS ASSOCIATION INVITE YOU TO ATTEND THEIR FIRST EXHIBITION AT THE BRITISH HIGH COMMISSION TANG LIN ROAD ON TUES 17th and WED 18th FEBRUARY 1998 10am to B.oopm The Schools' excellent boarding and other facilities will be on display. Headteachers
      119 words

  • Page 20 Advertisements
    • 128 20 f "C f rrr r rr f i i„ i r yous company on the stock exchange? J 1 J I_. I J m .x\» kV Thatsaood news to 1.2 million readers! P*^| Compaii^/listings are significant milestones and it is to the I company's advantage to build up awareness of
      128 words

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    • 216 21 WivfMN M« rvfiidr'vJ *if WcfOM V*«Jrv < />»». .-if 4< .> Global Reach Local Insight Industry Expertise m m m J m m m m Advance Agro AES China Generating Company m m m Advance Agro's first non-investment grade AHS Chigen raised US$lBO million to financing was successfully launched in
      216 words


  • Page 23 Advertisements
    • 48 23 ♦The Tokyo stock market was closed yesterday. 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 90 to 120 CATJ&
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  • Page 24 Advertisements
    • 61 24 bouquet of flowers 1 BUVIM OT SelUfUt tflTOUfif) k MM The Straifs Times Classified is child's play. L c a nC.A.T.S.at 1800-737-1166. ♦The Bangkok stock market wai closed yesterday. JM wt.. It's easy. I'll just find it in The Straits Times Classified. <3> Dad does it all the time. He
      61 words

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  • Page 26 Advertisements
    • 36 26 t ALFRED DUNHILL f§||| LONDON The New AD 2000 Carbon Fibre Fountain Pen The New Millennium Watch VISIT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY, SOGO RAFFLES CITY AND DAIMARU LIANG COURT
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  • Page 27 Advertisements
    • 59 27 P, f See—l told\ f The card we're r I you this was a J I making for Susan J t y Yup, we got what V is going to he J nes J( 1 f we wanted because real nice! 1 BUyiCW OT SClllDfi thTOUfih Classified. The Straits Times
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  • Page 28 Advertisements
    • 545 28 BUSINESS Notices THE MATTE* Of THE COMM.MES ACT CAP ASIATECH LOGISTIC SEttICES nE LTD Ila Mwl 111* Vih«l»j tii Aim Eana#Mty General Menu* of the conpu) dai« comcwl ml held am Moaday. 9* Fetonur) 199* u II JO im. IS JaUa Meiid «02-0* KoakMgn Ftao Sappn *****4 the following Special
      545 words
    • 138 28 NOTICE I INDUSTRIAL AND COMMERCIAL SSI INTERNATIONAL CAPITAL LTD (Fomerty known as Xiamen imematonaJ France Co Lid) Negotiable Floating Rate United States Dollar Certificates of Deposit due in November 1998 In occordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from
      138 words
    • 14 28 Buy It. Sell It. Find It. Classified. CAT.S. 1800-737-1166 Call Today For Results Tomorrow.
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    • 428 28 IM THE MATTER OF THE COMPANIES ACT, CHARTER 50 AMD IN THE MATTER Of QUILL SERVICES PTE LTD (M MEMBERS'VOLUNTARY UOUDATION) Extract ot the Minutes of an Extraordinary Genera* Meeting of the of Qua Sarvicea Pte Ud hatd M 8 Robewon Road. #06-00 Coaco Buidrig. Singapore *****4 on day of
      428 words

  • SHIPPING TIMES
    • 331 29 Bridge News DESPITE another quiet day's trading, rates appeared to be holding steady for US Gulf Panmaxes with further reports of tonnage fixing at U5516.50 without combination ports on the grain run to Japan. Whether rates will hold at these levels was again being questioned by brokers with
      Bridge News  -  331 words
    • 272 29 F*n It m CWT 0||||>MU||| OJS *Cj03 179 ChuanMup OSOS -0005 KM Cotes Imnti—iK 0.819 *0.009 20 FraMttUNu 0.36 JM 08 HsMnga 0J49 *0.025 39 HM Sun Hup 0.575 *0.005 640 HKKN ZMOT 0.625 *0.015 ISO IMCHaMblf* HK SAO Java Hal«np» 0.455 *0.01 13 Jurana SMpyard 7.45 -0
      272 words
    • 559 29  -  Insolvent Halla hoping to be revived through partnership with foreign firm fly] Marcus Hand [SINGAPORE] A Singapore government-linked company is said to be looking at tying up with ailing South Korean shipbuilder Halla. The insolvent Halla shipyard is hoping to be rescued
      FILE PHOTO  -  559 words
    • 530 29  -  From David Hughes m London FEWER seafarers lost their lives last year compared to 1996, according the latest annual report from the Institute of London Underwriters (ILU), the UK-based hull, machinery and cargo company insurance market. Figures issued on Tuesday show
      FILE PHOTO  -  530 words
    • 213 29 Reuters [LONDON] British classification society Lloyd's Register unveiled on Tuesday new computer software designed to save time and cost in the design and maintenance of ships. Lloyd's Register marine division managing director Chris Wade said the Shipßight IS software integrates design processes to reduce the
      Reuters  -  213 words
    • 104 29 Bloomberg [HOUSTON, Texas] Transocean Offshore Inc. an oil-ser-vices company, said it won an order worth US$374 million (*****.9 million) over five years to hire out a deepwater drill ship to Chevron USA Inc. The order also includes three options to extend the contract for one year
      Bloomberg  -  104 words
    • 393 29  -  They warn of move if Webb dock dispute escalates farther From. Jerzy Farynski in Sydney JAPANESE unions affiliated with the International Transport Workers' Federation (ITF) have warned that they are poised to take protest action against Australia if the Webb Dock dispute escalates
      393 words
    • 710 29  -  MEWBUILDS By. David Hughes THE past few weeks have seen almost feverish activity in the cruiseship newbuilding scene with several of the big players placing substantial orders. Royal Caribbean Cruises Ltd (RCL). especially, has been on a spending spree. The orders
      710 words
    • 813 30  -  IN-FLIGHT INFECTIONS Dangers of contracting illness during air travel are highlighted by recent cases of tuberculosis infection on a flight By\ Farrol Kahn The writer is the director of the Aviation Health Institute Financial Times A RECENT incident in which two Scottish television producers
      Financial Times  -  813 words
    • 246 30 PACE EtS 14 AC! 9 Ethtopwn 6 ANL 3 Eurohans 6 Accord 8 tip Orient M Appenstap 5 twgrew Astro 3 Foong Sun 8 Austra) 9 CUnk 4 BSA r Gemartrans 8 Betammdo 7 Genshpg 9 Bayswater 7 Hai Sun Hup 8 B'tang
      246 words
    • 25507 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA" -ft* Adv*ftl»af Va***l Voyaqa TaNphona ETA IT A AdY*ftl*ar Va**al Vttyaga Talaplwna SIN Oa»t"/i Nam* Nam* NumDaf Numtwr SIN Dailn Nam* Nam# Numfta. Nombaf u 2*/02 »/03 Hyundai MM HV PROGRESS JOIW *5 11*1*44 A 27/02 n/oi cosco empress heaven oorw »v 22*1100 IK
      25,507 words
    • SHIPS IN PORT
      • 786 43 V*u#l Voy No Berth Arrival Departure J» m Part n Mtrtpta 2 *****8 J01 ttcnqsx* n.02/1800 K BtUr ****** J01 HongjK* 12.02/0600 81S mmjsu *****4 J01 akmqstft 12 02/0600 Bt Sur *****6 J01 ttonqsidt R02/2300 6t Sury IMa Fttn J01 ittflQSidt 102/2359 CMMl M J04 uonqvOt n.02/2»0 EWIWI
        786 words
      • 1764 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookln«/B«iMKt tstls Ship Voy No Etb/Btr Period From To Fran *ci o om V2JM m n/noo V*ii nmoo who n/** nnm 24 11/1700 12/0*5* u/ow n vim u/mm u/om i u/otm u/m u/mm 4 U/UM U/UH U/17M tiwHii 21 ONM
        1,764 words
      • 197 43 MM United States: Washington's Birth day Holiday. r*b 23 Brunei: National Day. Luxembourg: Carnival Monday. F«fc24 Portugal: Carnival. M*r2 G'rwcr. Orthodox Lent Monday Mar 17 United Kingdom: St Patrick's Day. Mar 20 Japan: Vernal Equinox Day. lUr 21 Mexico: Juarez Day. Mar 26 Greece Independent Day. Apr 9
        197 words
      • 891 43 TIIIH report. compiled bv CwMl Marine Oil Md. *how* price range* In UK dollar* Inaiead •if Winnie prices fur a mure i-omprehenalve <te *r-rlptlun of the market Crtcea ahown are haaed tin average ilanl Mem Market movement* am Indicated The forked Hunker l*rlr» ln<le« chance and
        891 words
      • 468 43 100 MM 1016.5 0.« 14.3 O.M 106 0OS Mb J Own 11 r W«1*' HiMm Ail AivfMMum S«Ontmt No abov* 125 3 0 0 4 1 0 %H/M 390 An 9*>J 0.4 13.0 O.M 21 >0.01 (iw 300 Max 992.0 1.0 16.6 0.10 43 0.04 WW!
        468 words
    • AIR & LAND TRANSPORT NEWS
      • 596 44  -  Drop in number of exhibitors from 980 to 950 bat no cancellations from repeat participants By Felix Chan [SINGAPORE] For six days this month, head honchos and high flying executives from a multitude of aerospace companies will be converging in Singapore for what
        596 words
      • 459 44 Reuters [DETROIT] What weighs 27 kg to 32 kg, goes 32 km an-hour and will cost US$995 (SSI .620 V An electric bicycle from Lee lacocca. The consummate Detroit huckster who brought America the Ford Mustang and Chrysler K-car,
        Reuters; REUTERS  -  459 words
      • 126 44 AFXAsia [HONGKONG] Jet Air International Group Ltd said it has signed an exclusive agent agreement with Saigon Shipping Co, a state-owned shipping monopoly in Vietnam. Jet Air said in a statement that it will act as the sole air and sea freight
        AFX- Asia  -  126 words
      • 499 44 It says rival should be able to compete without state support Reuters IHRUSSELS) US aircraft giant Boeing called on European governments on Tuesday to stop subsidising Airbus, saying Its arch-rival was ready to compete without such support. "I'm surprised that a
        Reuters  -  499 words
      • 369 44 Bloomberg [BRUSSELS] Boeing Co will no longer be hurt by production bottlenecks and won't have further charges related to its US$l6.3 billion (5526.5 billion) acquisition of McDonnell Douglas Corp, said Ron Woodard, president of the commercial airplane division. "Our production situation is
        Bloomberg  -  369 words
      • 1753 44 city fucht rr* ruem rra AtaOMM CV794 2005 L fW"«rt $0125 635 1*7305 2220 tmiiti. 8*7381 ?s30 8*7u; >050 UffTI IMS tRB 2220 ""IS Zu Uj£ 8*7304 «40 SC324 2355 ofm mo wm vat ImtttUm KIM3 0550 U.030 2335 *81 1730 509,0 0n5 $025 0700 S026
        1,753 words
      • 412 44  -  American Airlines, Delta, US Airways, TWA seek to offer new Japan services By] Marcus Hand [SINGAPORE] Major US airlines are moving quickly to take advantage of the new bilateral agreement signed between the country and Japan. The new agreement enables American
        412 words
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  • Page 30 Advertisements
    • 732 30 •"•i* 1 "^O9-I SMiQAPORE CAUFOHHtA BCPRBM fMHKT FROIHWMT COAST) IQULP KARACHI IXPRBBS (OKX) Q" (u sm vissa vor |ju mm mm km ax m| sm kxaaauwti ima is/ot u/oi m/oi n/m nomumu ix m/oi oi/w 07/07 m/ 07 17/07 u/w "Tt/oT »/»< M/ 07 7* M/ 07 71/07 73/07 77/17
      732 words
    • 533 30 T A Members of the (-KOI; MerrOers o« me Registry of Swtgapore Fre»ght Forwarders \v|jjPw Accented Shipping Agents Association Singapore Shppmg Assooatior SIOTPINGTIAffiSONL^E Just talk to us.. Iris Urn 740-2044 Jarrod Leong 740-2089 IP n i Bluiex EXPORT 3 x Japan •2 n. Hungup -1 MggfajJ x Vootkkmg. UtkmQ l«i
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    • 832 31 SAX SERVICE (DIRECT) vesa vor awtn ux _m |pm hou <■ ax mbr lah ntc nokmazowti 0131 19/02 05/03 10/03 10/03 11/03 11/03 11/03 n/03 12/03 12/03 NOt SARDONYX 0011 25/01 12/03 17/03 17/03 11/03 ~H703 11/03 19/03 19/03 WXMEUmm 0371 09/03 19/83 24/03 24/03 25/03 2S/03 2S/P3 25/03 20/03
      832 words
    • 2073 31 (g) HANJIN SHIPPING "7|; USA CANADA* mvtt/vor MM sm iM hma/vot sia ttw on TToi oi msp m off [~iS phl f~m m rui —pm N.NAMRUROQMI 13/W 14/W OMCT M/W M/M 07/03 01/03 ot/03 M/ 03 M/W ~io/M~ 10/W IQ/Q3 11/W 07/03 ~OVM~ W/03 HHAMRMRCOX 13/07 14/W (VOA/1011 11/03 12/W
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    • 105 31 r\m ORIENT EXPRESS LINES (U.K.) UMITEO j OfSg, (MANAGER FOR SHREYAS SHIPPING LIMITED) —J WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSII VOY SINGAPORE IQMIAY VISSII VOY IQMIAY SINGAPORE SINAR TOBA 223 13/02 22/02 SINAR TOBA 222 01/02 13/02 OOCL ADMIRAL 013 16/02 25/02 OOCL ADMIRAL 012 04/02 16/02"!* 1 KEDAH 012 20/02
      105 words

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    • 410 32 <C DSR-SCNA TOR M !>»» Round the World Container Services GO ®\W REEFER CARGO TO i w USA EUROPE FAR EAST PORTS *< NEWSHIP AGENCIES PTE LTD ®NGAI»O«I*Li»«UM rAkntUM IUn«M ran DWnYtOOUM* JENNY TAT CHOOCATHKIIINIMMMM Rat ELANQ SNARAN MALM SON BHD TIL: »HM HITmNU LINTS) FAX. tUSMIM FT* KNgiHtTWHIKINIKk Mi
      410 words
    • 1000 32 MY YML •"••niM W«b Sit* http: //wwwymlcomtw tk «l 2n^BzmEE!32in]n2izHZin2Hnnnn222Z^^Dßz^^^^BiinHi w,wm dattuesoat VESS£I VOY l£H FXT HAM ANN HFA P"SMT"~ DOVER BRIDGE A752E SID SLD SID SLO SLD 17/02 MING STAR ABOIE SID SlO SLO SLO SLO 24/02 MALACCA BR ABO 2 SLO SLO SLD SLO 17/02 03/03 MING SUN
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    • 411 32 LINE TMj MM4M FAXi IBISI IS I iIVMM MUARA LABUAW vissa vot rrn ru rasa vor nt nt STOW MUAftA SfOtf IN tfa&oarr vo«/* 12/02 15/02 votcum vmc/n ij/w 14/02 i nova vox/w 17/02 20/02 iPtosw vm/n i;/r 21/02 MtGUKT VOSt/W 21/02 24/02 WMB VOSi/W 21/02 25/02 IPVOVB VMi/M 24/07
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    • 1127 33 VESMI VOY am bkk pou pkq pen M.W «UW RA I IK IRAN QHEYAMAT PJL-1272 1 12/02 1 20/02 1 EIBE OLDCNOORFF PJL-1277 19 0 2 23/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN, TAPZHIKISTAN A GEORGIA VIA B. ABBAS.
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    • 1503 33 CARGO TO/FRO*! 1 SHEKOU A HUANGPtI j I WEEKLY DIIHTSAIUHF" 11 I SINGAFOtE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 (U: *****0! OUTWARD (l/l) COSTAR SHIPPING PTI ITD #17-01 MS HOG SAIiS/IKGS *****41/43 INWARD DIPT (0/0) *****8S COSTAR AGENCIES (M) SDN BUD TOmRTWO(OMIQ9) CONVINTIONAI *****50/55 T/SHHRT DIM *****25 TU:
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    • 547 33 EASTERN CAR UNER, LTD/'-CSgK* Ifc 1 Eg (SINGAPORE) PH LIP 1 SPECIALIZE Wi RORO A WAVY UFT UPTO 172 TOhTI Ed. (SMGAPOtE) LOADING FOR POR LS^S9Z&4ftSV^Vft N,IA LAEM CHAAANG MV ORANGE SKY V.78 MV "ORANGE MOON" V.9«~ ETA SIN 1 0/02/98 ETA P«a 11 /02/98 cta Sfsi i O/02/98 FTa
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    • 1337 34 s>~ EUBOPC/UK/SCAWHNAVIA/FINLAIIO/RUSBIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PHI SGP E. ROOM) RW-030 14*2 06/W 11*3 17/03 00*3 10/03 11/03 I. GALLANT RE 064 21/01 20*1 22/01 24*1 10*2 'E. RENOWN RW-027 22/02 13/S3 18/03 14/03 10*3 17/03 IM3 E 6ROUP RE-087 20/01 21/01
      1,337 words
    • 824 34 a« MAC-HELS S'PORE M'SIA I Carrlw: MN CONTR LINES, INC ["IV/V** J OilllOMMamooOON BWJ: (084)*****9 MAMLA: (832)*****61 W PENANQ: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELAMQ: (03) *****77 JKT (21) *****07 MOW: (61) *****3 KUOBNQ (082) *****1-3 MANILA GENOA/BARCELONA MV "UNI SHINE" V.*****N MV "NORASIA SHANGHAI" V.9807-3
      824 words
    • 394 34 /CZ7 WSm. NANTAI LINE FULLY CONTAINERISID SERVICE TO MAURITIUS SOUTH AFRICA YftSil 1 VOT I SW I W1 I DM I CTT I T/uT NANUINAGON 004S 10/0? 20/02 24/02 21/02 IMjßmjjlg 020S 14/02 02/03 04/03 mu VttUS 025S 22/02 02/03 04/03 W/03 GOiDtM DMGOO 003S 01/03 11/03 15/03 11/03 tWfUI
      394 words

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    • 529 35 MMfc MYANMA wBBk FIVE STAR LINE (Myanaor Notional lino) v loading for Yongon (Rangoon) Vissa VOT SM PUG PIN PGU HTTWI 79W IN PT NT*-All MOW 12/02 MALAYSIA AGtMTS: IOUSTUO SHIPPING AGCNCKS UIL m 01-03-*****00 P«L TIL 02-03-376*101 PHI: TU 02-04-2****** PGO; m 02-07 *****21/4 BANK LINE (A Hftki of
      529 words
    • 1321 35 4 HYUNDAI MERCHANT MARINE CO. LTD. [VBSa vpt: SWJ I mil Afff I>W| my C] ivosa voT|sou|iß4l»ii|MMf|wMi|wrv |m |AH WCH LOUT! 301W 13/02 04/ M 07/03 01/03 03/01 03/03 03/03 NTOUB MM 22/01 24/01 277»1 25/01 2SToT HTEMPmOO HOW 14/02 04/03 05/03 07/01 07/01 07/01 10/W HT COMMOOOMIIM 24/01 05/01
      1,321 words
    • 880 35 norMtgon spaoaizsd ouKxomari gfgfwgsutss* Qo)§(q](S TO NORTH AND LATIN AMERICA M' > [VISSfI VOY RAMP HEIGHT iiU LAX CKL MU SAV ML Otf NYC NEW MOO t**onga FSO4 400 Um 6.3 m TSrooT 10/03 u/03 j i/61 WoT "WST oT7ST 3J7IF"! TAIKO FIOS 4001 m 6.3 M 21/02 21/03 05/04
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    • 952 36 :4ANQKOK/LAEM CHABANQ JAKARTA/PAN JANO VWMffc_- VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 366W8 In Pt 15/02 XETHA BHUM 22SSB In Pt 14/Q2 AHAK BHUM 92N 14/02 18/02 17/02 XETHA BHUM 22SS In Pt 14/02 KIT! BHUM 41N 15/02 18/02 18/02 QURU BHUM* 66S 14/02 17/02 YANTWA
      952 words
    • 395 36 BINTANG MAS SHIPPING PTE. LTD. 30 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX R*****6 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu Mu»ra aaa ¥8i an uii wl m I Saw WIO3I 14-15/W 20/07 «W7t lUVW 11/07 Ikw V9104E I*7o/07 75/07 VWO3E IH»/07 73/07 IS« 74-77/07 04/03
      395 words
    • 572 36 A ACCORD A SHIPPING PTE LTD TIL *****13 (40 Lin».) FAX *****30 FOOT UAHG (03) 307 100 I M Wk D4*ICT ACCESS Til i *****35 (EXPORT BOOKING) HSaOXMG (07)351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) MWK (04) 337 1440 URLtffTTP://WWW. AC CORD. COM. SO JJUUUtU (21)040 0770 POET lift SIM
      572 words

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    • 323 37 INDONESIA NATIONAL LINE TO EUROPE 1 Exp«i*a spiw coinA»rfnmgn sewvicc m I m|tWli" |ADWIIO<UII|N»UWOI»R{IIItW[<U(TWfHf| KUTAI I tin I 1/3 I OMIT 5/3 TO AUSTRALIA RJU-COWPyNPIMERVtCg WL WY_ ISPS' rat K w a m mm MIUBAI «M IWIW 22C MMMM FUmUOVDMOaNK V OSS IM2 M® MB OMJ 1W nwnnwiw via timtim
      323 words
    • 1002 37 ADVANCE CONTAINER LINES (PTE) LTD A I 140 CtcU Street. #12-00, PIL Building Singapore *****0 Li TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60 *****05 ■AMfIKM IAtAITA »nnnn»w QWeeßy 6Hp PAT/1 Sly LOVI Sl| HIT) »«Hle«t/Wee>) VISS& I VOY SM PAT KMT V»» W JKT
      1,002 words
    • 821 37 VESSELS VOY I«N I JED MLA L£H HAM THP RTM 3T~T- VMXE CAOUAHKM ÜBo* IMB 34/02 28X08 OaW QB/03 07/03 07/03 WW VKXE PC AWTAHB L24W 24/02 04/03 QftQ3 IVO3 17/03 IMB IflM)3 IMO 1 MUEDIVIWO B*j[ 03/Q3 12/03 18/03 22/03 23/03 25/03 yyrw 38<M |WLLEOENORMA N3«Af 1003 16/03 23/03
      821 words



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    • 52 40 To retrieve more schedules, just follow these simple steps... document J^ ia i 740-600()^8^^^ tep be faxed JL U "1" LZ jyelect the port Step key in the four number code Kev in your Example: r-L fax number To NEW YORK (NYC) 2275 United States for calls within Singapore SHBHHPfIBHBBf*
      52 words



  • Page 43 Miscellaneous
    • 133 43 O OK M fjyj >J:V LIGENO R Thunderstorm Temperoture c X\ A Shower Weather Wind direction with speed m knots Rom V_/ Cloudy Sky Wov Serfoce winds ore indicated by orrows which fly with the wind One circle represents calm or hght ond vor.abte wnds i_» One holf Heche reprevents
      133 words