The Business Times, 5 October 1998

Total Pages: 44
1 44 The Business Times
  • 13 1 MITA(P) 110/12^97 85C THE BUSINESS TIMES SINGAPORE Internet http://business-times.asial.com.sg/ MONDAY, OCTOBER 5, 1998
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  • 66 1 FOBS BATES U8S 81 DM 1JM 1.125 YHI 1S4J use HI SJN 0.444 HO 7.741 UU MR awe ua RUFIAfl i«,70___Mir 'Site Malta PMMEIATES SWQATORE- 7J7 KUALA LUMPUR 1LH JAKARTA 28.00 BANGKOK Ii7i MAWLA StM HONGKONG 1«J& TAIPEI 8.80 SWHBT U TWQD U» SEOUL 14J6 ZURICH** 3 25,. FRANKFURT—
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  • 971 1  -  They are nnder pressnre to liquidate assets to pay off huge govt debts From\ Shoeb Kagda in Jakarta INDONESIA'S Chinese conglomerates, stripped of their political links, may soon also be relegated to becoming bit players in the new economic landscape
    REUTERS  -  971 words
  • 156 1 Reuters Bloomberg [SYDNEY] The return to power in Australia of the conservative coalition government should cheer equity markets, although any lift in share prices is likely to be modest, market watchers said yesterday. Counting of the votes is incomplete, but the conservative coalition
    Reuters; Bloomberg; REUTERS  -  156 words
  • 436 1 Reuters [HONGKONG] Hongkong leader Tung Chee-hwa, facing the territory's worst economic crisis in decades, this week sets out his plan to cope with problems ranging from deficits and housing to rising unemployment in his annual policy speech. A former
    Reuters  -  436 words
  • 830 1  -  Hongkong, some Ase&n countries could benefit From. Anthony Rowley in Washington CRISIS management of the global economy is moving into higher gear. The International Monetary Fund is likely to be given powers to extend easier credit to hard-pressed countries
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  • Page 1 Advertisements
    • 129 1 DBPB Escape fran reality Cinema operators here report no serious t l fr%fTttPg in business despite the economic woes, 2 ft*'? f Sdb-US&OOO P& Unit of subUS$l,OOO PCs, which are PCt ooeting around U351,000 or less without a monitor, hare risen to roughly a third of the PCs soU in
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    • 6 1 More Australian election reports, Pg 9
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    • 145 1 In defence of the IMF The internationai agency has been |B JnJggEg having a bad press, accused by some for bungling the rescue of JK% fW fl distressed Asian economies. In an JH| interview with BT, the director of the IMF-Singapore Regional Training XH Institute argues the fund's case. See
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    • 15 1 It's now in the hands oftheG-7,Pg5 Bioh nations consider plan for credit lines, Pg 11
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  • SINGAPORE AT HOME & ABROAD
    • 130 2 MINISTER for Trade and Industry Lee Yock Suan will attend the Association of Southeast Asian Nations (Asean) economic ministers' meeting in Manila this week. The meeting, scheduled for Wednesday and Thursday, will discuss the acceleration of the implementation of the Asean Free Trade Area
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    • 528 2  -  Pirated VCDs seen having more impact on patronage than economic downturn By Eugene Low PERHAPS it's because a movie offers, after all, a brief escape from reality. Whatever the reason, cinema operators here report no serious slackening in business despite the
      FILE PHOTO  -  528 words
    • 326 2 All income groups will be hit equally by any cots BG Lee The Straits Times THE National Trades Union Congress (NTUC) will urge the government to implement any cut in the employers' Central Provident Fund (CPF) rate in a way
      The Straits Times  -  326 words
    • 415 2  -  Scenario more likely to be one of slow growth, low inflation By Wong Wei Kong THE world should be able to avoid a recession of global proportions if policymakers and central banks are able to And the right solutions
      415 words
    • 328 2  -  EYE ON THE ECONOMY Outlook By. Audrey Tan THE Singapore government's recent policy moves have been encouraging, but will not prevent an economic recession throughout the next year, says JP Morgan. In its latest "Asean Data Watch", the US investment bank said the consisten- cy
      Source: JP Morgan  -  328 words
    • 326 2  -  By] Rahita Elias JAPANESE restaurant chain Genki Sushi is opening more outlets in Singapore, Malaysia and Hongkong. It also plans to break into the Thai, Australian and Chinese market in the next five years. Nicholas Yap, regional operations manager of Genki Sushi
      326 words
    • 355 2  -  LETTER TO THE EDITOR Henry Lim Singapore AS THE employers' CPF contribution rate will now most likely be cut, the government should disclose as soon as possible more details of its proposed bridging loan scheme to help private property owners service their mortgage
      355 words
  • Page 2 Advertisements
    • 195 2 Locate its owner through Classification 821 (Found). Simply call CJLT.S. at 1800-737-1166 for this free service. t Another Classified Service Reliability around the world. I FAST RELIABLE CONVENIENCE Thanks to our computer Western Union has been in With over 40,000 agent network that links all our the business of transferring
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  • Page 3 Advertisements
    • 232 3 maiiiM. jm rage 3 it' i t»v' i lit i ,}t >.« j.., f •iJ».. ,-»u»ti«.«iiw.H l.wiH- t.i~l i-| (It Itlul ht tir\ri> Hi O 'ilv> i> OJ UJj oj>iiUu J n■■■mi n 11 inn m»n ■.1 1 snsam** <• t u n '"<• t < k WP*'" 7' Some
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  • FOCUS
    • 2039 4  -  Widely accused of messing up in Asia, what does the IMF have to say in its own defence? In an interview with BT, the director of the IMF-Singapore Regional Training Institute, Donal Donovan, argues the fund's corner and discusses other issues pertaining to the Asian crisis By'
      CHRIS LOH  -  2,039 words
    • 179 4 tHE IMF-Singapore Regional Training Inatitute 0MF-3TD was originally conceived before Asia's economic crisis was even a dot on the horizon: it was during the ministerial meetings of the World Trade Organisation In December 1906 that Prime Minister Goh Chok Tong reportedly proposed the idea to
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  • Page 4 Advertisements
    • 744 4 Union Bank of Switzerland Balance Sheet as of December 31,1997 Assets Liabilities 1997 1996 1997 1996 Swiss francs in millions Swiss francs in mdhons Liquid assets 2.346 1,879 Money market liabilities 24.679 20.530 Money market placements 29.442 20,404 Due to banks 114.797 83.732 Due from banks, net of allowance for
      744 words

  • ASIA'S ECONOMIC SLUMP
    • 219 5 Reuters [JAKARTA] Indonesian state electricity company PLN plans to declare force majeure in contracts with some power providers signed under former president Suharto, newspapers said on Saturday. PT Perusahaan Listrik Negara (PLN) has signed power purchase agreements with 26 independent power
      Reuters  -  219 words
    • 272 5 AFP [KUALA LUMPUR] Malaysia has raised the limit on foreign currency allowed to be taken out by residents to 50,000 Malaysian ringgit (5522,170) from RMIO.OOO previously, a report said yesterday. Under a new directive from the central bank, travellers can now
      AFP  -  272 words
    • 521 5  -  From I Shoeb Kagda in Jakarta ACKNOWLEDGING serious weaknesses in Indonesia's financial and banking system under former president Suharto's government, including the involvement of som£ well-connected parties in many economic activities, Finance Minister Bam bang Subianto said over the weekend that serious efforts undertaken to
      521 words
    • 969 5  -  CRISIS WATCH Asia's economic rovlval depends on Industrialised nations averting a global recession By Vikram Khanna EVER since the Asian crisis got underway in July last year, the bad news has come in a flood: currency collapses, corporate bankruptcies, bank closures,
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  • Page 5 Advertisements
    • 170 5 Your sales forecast just droppedl Are the sales management and sales force giving you the same number? •< •>• If I#M know p You can spend millions of dollars on application software and still not have the information u_ LJItALLC you need to run your business. That s because most
      170 words

  • REGION
    • 384 6 ANWAR SAGA It aims to coonter this Saturday's gathering in support of Mahathir AFP [KUALA LUMPURJ A coalition of Malaysian religious groups and non-governmen-tal organisations is planning a mammoth gathering to counter a government rally in the coming week, a report said yesterday.
      AFP; REUTERS  -  384 words
    • 171 6 KUALA LUMPUR Reuters DOZENS of riot police took positions around Malaysia's royal palace yesterday after several hundred people gathered nearby shouting slogans and singing patriotic songs. The crowd of people, mostly women, shouted "Allahu Akbar" (God is greatest) and sang Malaysia's national anthem from
      Reuters  -  171 words
    • 315 6 KUALA LUMPUR Reuters MALAYSIAN police have set up a special unit to monitor the Internet after supporters of sacked deputy premier Anwar Ibrahim used it to organise protests and to express their opinions on the case. The unit was set up
      Reuters  -  315 words
    • 126 6 ■BANGKOK AFP A NEW-LOOK Thai cabinet list was sent for royal approval yesterday and incoming ministers are expected to be officially sworn in today, officials said. Cabinet secretary-general Wissanu Krua-ngarm emerged from Prime Minister Chuan Leekpai's residence yesterday with the final
      AFP  -  126 words
    • 277 6 JAKARTA But no decision yet on which ministry police report to AFP THE Indonesian armed forces has decided to separate the police from the military, but a decision has yet to be made whether the police will be responsible to the defence or the
      AFP  -  277 words
    • 182 6 JAKARTA AFP TWO people were injured as thousands of fanners in the Indonesian province of West Sumatra protested against a palm oU firm which they said had polluted a local river, sources there said yesterday. "There were thousands of them, chUdren, youth, the
      AFP  -  182 words
    • 210 8 MELBOURNE Reuters ESSO Australia said yesterday gas flows had resumed in Victoria, more than a week after explosions at its Longford processing plant cut off more than four million consumers and business across the Australian state. "I'm pleased to
      Reuters  -  210 words
    • 83 8 [SYDNEY] Australian artist Ken Unsworth last Thursday lying on the floor of Sydney's New South Wales Art Gallery to check the alignment of his art-piece entitled, 'Suspended Stone Circle'. The piece, consisting 0f309 wires that hold up 103 river stones, was voted as Sydney's
      REUTERS  -  83 words
    • 348 8 SINGAPORE But analysts say it would be wrong to write off 30-year-old grouping Reuters ASIA'S economic crisis and bilateral differences have exposed a weakness in the Association of South-east Asian Nations (Asean), but it would be wrong to write off the 30-year-old group, analysts
      Reuters  -  348 words
  • Page 6 Advertisements
    • 170 6 Chair your next global meeting without even showing up. liifcr Yvr ''-"i lIU'IP I <. '*M **V ;."Wp^^ V Hi WK *4 H tWift' *< WS£JKML*. .V «k -f almiar Hbs 1 >*, ■I M. ■Bl X KL I A JH Blr 1 Br II Br 4 K 1 i
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  • Page 7 Advertisements
    • 136 7 WE PRESENT THE WINNERS OF THE ROLEX INTERNATIONAL POLO EQUESTRIAN CHAMPIONSHIPS 1998. SINGAPORE POLO CLUB HS Ulfl^^H .Aukka 1] d e xr e Polo Champions, Rolex Gold Cup (High GoaD Rolex Singapore Other Results Polo Rolex International Cup (Low Goal) Rolex Gold EftSaMn E« Champiog*Grand Prix of Singapore MarleWntolnette Levlste
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  • Page 8 Advertisements
    • 171 8 NTT. Secure communications. 24 hours a day. 365 days a year. f r WhCn d global rcsources mean supenor services? When NTT's your provider. /AlCSiar Under the brand name of Arestar, wc provide unrivaled telecommunications M services. We 11 install your network, tailor the operation to your needs, and even
      171 words

  • AUSTRALIAN ELECTIONS
    • 937 9 Bnt Labor, Democrats reject his claim Reuters [SYDNEY] Australian Prime Minister John Howard declared yesterday that he had a mandate to pursue the tax reforms at the centre of his reelection campaign, despite being returned to power with a vastly reduced majority. Confessing to
      Reuters; REUTERS  -  937 words
    • 126 9 Reuters [PERTH] Sometimes almost is good enough, and for the Australian Labor Party, their almost in Saturday's national election felt very good indeed. The party that Paul Keating led to a humiliating rout in 1996 fought back to within a few seats of power in
      Reuters  -  126 words
    • 274 9 AFP [SYDNEY] Australian Prime Minister John Howard clung on to power with a high-risk election strategy which left deep political wounds that could be fatal to his leadership of the conservative coalition, analysts said yesterday. Mr Howard's victory at the polls
      AFP  -  274 words
    • 464 9 But general relief that a hung parliament has been avoided Reuters [SYDNEY] Australia's financial and equity markets will heave a sigh of relief that Prime Minister John Howard's coalition government has scraped back into power after Saturday's election. But potential rallies in
      Reuters  -  464 words
  • Page 9 Advertisements
    • 96 9 ,1 i V -v -> Vrf-». Mppi SSSSI tjSTfSSfSPS Sit J.* Js£*..T ■V. a^<^SS^w^By< ?3fSSsS!fey^ l ;^l'»" i The new CLK Cabriolet is here. Here for those who cherish their freedom. For those who live for the rush of the wind and the rush of adrenalin. A rush that will
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  • THE WORLD
    • 732 10 WASHINGTON Panel gets unusually detailed account of what happened behind the scenes LAT-WP ON a humid day at the end of August, about a week after Russia's debt default sent markets reeling, New York Federal Reserve Bank president William McDonough's telephone
      LAT-WP  -  732 words
    • 426 10 ZURICH Chairman, 3 execs quit over SFr 960 m loss linked ULTW AFP Reuters ÜBS AG will pay be twee A 10 million and 15 million Swiss francs (5112.4 million akd 5J18.6 million) to formir. bank chairman Mathis cibiallavetta and
      AFP; Reuters  -  426 words
    • 275 10 LONDON Reuters BRITISH Conservative Party leader William Hague, buoyed by a decisive show of internal support for his tough line against the European single currency, headed yesterday for a showdown with his party's pro-European old guard. Mr Hague hopes to start on the long
      Reuters  -  275 words
    • 672 11  -  GROUP OP SEVEN MEETING No specific commitments made on exchange rates, interest rates From. Leon Hadar in Washington ECONOMIC officials from the seven leading world economies announced on Saturday that they would take steps to reform the global financial system, and provide
      672 words
    • 185 11 WASHINGTON Bloomberg GROUP of the world's most ppwerful financial institutions said they made serious mistakes that fed the current global financial crisis, and «W,to, safeguards ajid reforms to help repel a worldwide recession and softest the impact of future crises. "Creditors and investors must
      Bloomberg  -  185 words
    • 147 11 WASHINGTON AFP NPBODY expects Germany to lower interest rates In the short term, Bundesbank president Hans Tietmeyer said fcfjre on Saturday, b "Nobody really expects us to,lower interest rates in Germany in the very short term," Mr Tietmeyer told a news
      AFP  -  147 words
    • 519 11  -  But there are fears scheme could meet US, IMF opposition From, Anthony Rowley in Washington JAPAN'S US$3O billion (5550.6 billion) plan to help bail Asia out of its crisis contains the seeds of what could develop into a
      519 words
  • Page 10 Advertisements
    • 2443 10 (a||) MAYBAN FINANCE (SINGAPORE) LIMITED AND SUBSIDIARY COMPANY (Incorporated in Singapore) BOARD OF DIRECTORS 8. creditors and accrued interest Chairman: Dato' Richard Ho Ung Hun 19M Gf<xjp lao 7 Company Memtoera: Date' Ahmad Badri Bin Mohamad Basir Spencer Lee Tien Chya 7 'T 8 Accrued interest and chargee ".*****3 9.395.076
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    • 8 10 NotUffllopl about u LTCM investment, Pg 21 i
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  • Page 11 Advertisements
    • 208 11 From installing and monitoring burglar alarms to security is a complex business operation, supported by five consultancy, one company has the ability to think fast, act major divisions. The tried and tested expertise of these X fast and offer value-for-money solutions. CISCO. divisions is available to you not just in
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  • BUSINESS IT
    • 685 12  -  The reason? The financial crigfa thfrt is causing the PC market to shrink By 1 Toh Han Shih [SINGAPORE] The emerging market of sub-USsl,ooo PCs is booming in the Asia-Pacific region, thanks to the very same financial crisis that is causing the overall personal computer
      685 words
    • 720 12  -  Company sets goal to grow 30 per cent to USsBb globally in next two years By] Raja Chellam in Nagano, Japan JAPANESE conglomerate Seiko Epson Corp (SEC) is putting money on its proprietary micro piezo technology (MPT) to propel it to leadership position
      720 words
    • 527 13  -  Products pioneered by Malaysian-born entrepreneur By Tob Han Shin [SINGAPORE] Major US Internet firm Netscape Communications recently launched in Singapore a product pioneered by a Silicon Valley entrepreneur who was born in Malaysia and studied in Singapore. The entrepreneur, Lim Keng Siang,
      527 words
    • IT TAKES
      • 103 13 [SINGAPORE] Since Sept 29, Singapore consumers can pay their Internet access charges online using Cash Cards. Network for Electronic Transfers Singapore (Nets) announced CyberWay and Pacific Internet have signed up with C-ONE to allow their customers to make online payments with Cash Cards.
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      • 57 13 [SINGAPORE] Baan and the Singapore Computer Society have organised a seminar that targets manufacturing and distribution firms in Singapore. The seminar, called the Baan SCS Executive Breakfast Programme, will be held from 8 am to 10.30 am on Oct 14 at the Four Seasons Hotel For more information,
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      • 98 13 [SINGAPORE] In a recent survey in Singapore, 23 per cent of corporations said they suffered from a lack of skilled IT staff, while 21 per cent of chief information officers said their IT organisation communicated poorly with other departments of their companies. Another 19 per cent noted they
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      • 67 13 [SINGAPORE] IBM recently launched its Netflnity Server Proven Programme in the Asia-Pacific. This programme, which is offered free to independent software vendors (ISVs), enables them to optimise their Windows NT applications on IBM Netflnity Servers. With Server Proven, ISVs have access to IBM's testing facilities in Sydney,
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      • 44 13  -  -Complied by 1 Toh Han Shih [SINGAPORE] Eutech Cybernetics, a provider of intelligent building management systems, is organising a conference on intelligent buildings on Oct 12 at the Traders Hotel. For more information, call Luiza Lim at *****55 or e-mail luiza@eutech.com.sg.
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    • 559 13  -  The investment, from British firm 3i, will allow it to expand its e-commerce presence in Asia By, Jennifer Lien [SINGAPORE] With its eyes set on a regional expansion trail, homegrown electroniccommerce firm Asia Manufacturing Online (AMO) has won a whopping $13 million investment from British venture
      559 words
    • 424 14  -  Digital's Aug Mo Kio manufacturing plant may be sold off this year By. Raju Chellam [SINGAPORE] Compaq Computer Corp is integrating the products and services from its acquisition of Digital Equipment Corp to make them work in tune with Compaq's and Tandem's
      SIEW YAW HOONG  -  424 words
    • 421 14 NYT [SEOUL] You know the iMac is a success when the Koreans want to clone it. And that's exactly what is happening. Two South Korean companies have announced they have formed a joint venture to produce an iMac clone. It win mimic the look
      NYT  -  421 words
    • 980 15  -  What's a nice guy like Cisco Systems' John Chambers doing in a cut-and-thrust market like IT? Being Number One, that's what hbmmbth james reports KENNETH JAMES SINC& assuming the helm in January 1995, Cisco Systems Inc president and CEO John Chambers has taken his company from
      PhOTO BY SiEW YAW HOONG  -  980 words
    • 376 16  -  New System Works is first suite of utility and anti-virus products, firm says By Raju Chellam [SINGAPORE] Utility software developer Symantec Corp last week announced a range of packaged software, including Norton SystemWorks, which Symantec claims is the industry's first integrated suite of
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    • 236 16  -  By' Toh Han Shin [SINGAPORE] Hewlett-Pack-ard (HP) recently launched several low-cost personal computers (PCs) for Singapore and the Asia-Pacific. This includes a desktop PC starting as low as US$799 (551,360) (recommended price excluding monitor), from the HP Brio family. HP Brio is targeted at the corporate
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    • ON THE SHELF
      • 67 16 NEC has announced the NEC Express 5800/100 "Sa" family of PC servers. The series comprises five models ranging from its entry-level IOOSa with a 300 MHz Pentium n processor to the enterprise-class 150Sa (right) with Ultra 2 SCSI interface and 400 MHz Pentium II Xeon
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      • 84 16 DIRECT marketeer Gateway has added a new sub-USsl,ooo product line to its PC range. PCs in the Gateway E-1200 series are optimised for a networked environment and, like other Gateway products, are built to order. The E-1200 333 with Intel Celeron processor, 32 MB SDRAM, 3.2
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      • 95 16 APPLE Computer's most powerful server, the 333 MHz PowerPC G3 Macintosh Server, has come to town alnng with its aggressively priced 300 MHz sibling. Both feature Apple Share IP 6 software for file, e-mail, print, Web and FTP services for Mac or Windows clients. Hie servers' "Pentium-toasting
        95 words
      • 69 16 FLOPPY-FRUSTRATED owners and wannabes of Apple's hot iMac computer, there's hope yet Imation Singapore has announced the availability of its new Imartnn Super Disk USB Drive and high-capacity diskettes. The drive, priced at 1299 with GST, is fully compatible with Mac and PC-compatible 3.5-inch diskettes as
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      • 35 16 HOME-GROWN Optics Storage Pte Ltd launched Zap-It IDE CD-Duplicator 6022-1 (above), that can duplicate CD-ROMs without having to connect to a o)mputer th speed of duplication. For details, fax *****86.
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      • 69 16  -  Compiled by Kenneth James lOMEGA Corp is ready with its Internal Atapi Zip drive, that it launched in the US in April. The drive can read 100 MB Zip disks and can run all software applications, including audio and video clips directly from the Zip
        69 words
    • 216 16 Bloomberg (NEW YORK] Eastman Kodak Co and Intel Corp are expected to unveil today a series of digital-photography products and services, a bid to increase the allure of personal computers and the use of cameras and film. The world's largest photo company and
      Bloomberg  -  216 words
  • Page 12 Advertisements
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    • 6 12 Low-cost POi from HP, Page 16
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    • 80 12 ■O- ls KV;>l B »A*\J AA >1 i .»w, [i I 1 i o 9 [t |H SINGAPORE BUSINESS |~W~ Property: Saving graces BB B B in the slump 5 I 111 Does Mahathir's form of I capital controls help to boost Malaysia's economy? KB Bl 50 stock picks around
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  • Page 13 Advertisements
    • 49 13 4: *;;> v* ;i k RES Whether it's an important business a much-needed getaway, you'll find our arrangements simply perfect. Perhaps thi'/why those who like more like the Westin. For reservations, call 1800 3344 288 jh|! j |j The Westin Philippine Plaza, Manila The W tln Ba nyan Tree, Bangkok
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  • Page 14 Advertisements
    • 292 14 What good is your I Fact users have access to a dedicated Customer Support Team, on hotline phone, fax and highest priority email. accounting software I 24 hour access to Frequently Asked Questions on the Web, updated frequently. FREE Help Sessions conducted every day. without excellent I Dedicated FACT Learning
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  • Page 15 Advertisements
    • 542 15 fl I Waiting till 1999 1 I may be too late! I Many foreign subsidiaries have already received instructions from their Head Offices to ensure Year 2000 compliance for their payroll software by December 31,1998. If you are still using a Non-Year 2000 payroll package, it is time 9B you
      542 words

  • Page 16 Advertisements
    • 589 16 CURRENCY CRISIS KEEPING YOU AWAKE? WORKSTATIONS PACS Al workstation RACs come with Solaris Desktop License, Real PC and 17" Color Monitor. DESIGNER Ultras27oMHzUltraSPAßC Hi *****0 Entry level system that is ideal for software and Java development, EDA and digital content creation 64M8 Ram 4.3G8 HOD fl i IfVil kl CREATOR
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    • 57 16 Full professional after sales service provided. For a FREE copy of our 190 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager Of Ms Florence Nathan. Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE. 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg
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  • Page 17 Advertisements
    • 248 17 Where to wine, dine and entertain PreMn S(Oj&& that other *****451 Every Monday is Senior Citizen'* Day at the ANA Hotel. Anyone 60 and above can enjoy buffet lunette* and dinner* at the Cafe-in-the-FVrh, or leppanyaki at tlte Unkai jape new Restaurant, at 50% off. Bring someone you love, like
      248 words
    • 175 17 ft CAJT, 2*E Q<RSVHP LEVEL 1 Daflv A La-Carte menu. Western and local t 7I f O favourites chefs I/ speciality top settng M I l ygf Hainanese Chicken Sicfc Nasi Gorcng Istimcwa, etc. Function Room available for private parties, company dinner and dance, conference, seminar and meeting. Contact F
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    • 120 17 Ca*Jco*lu. flVuic for I ifiu+eri, local fAvtourUes for «jour »*t* courtt... «.10pwtet0fm fViiUg 4 e**uvs4. per AduU 00+*+ per ckUd I •MLMTEmCE AND POOL Level 5 j Royal Crowne Plaza Singapore. 25 Scotts Road, Singapore *****0. r. 711-7 990 BARBECUE UNDER THE STARS NIGHTLY A table at Sc. Gregory's Brasserie
      120 words
    • 129 17 IMa't |n ItMw? Im4lt h Gats' Mews/ t«hl Crti* Km ia Sufcf CluiifM tkii mlmi J CATS. I [l |rs back r BY POPULAR DEMAND, WE'RE BRINGING BACK HhTEA I Assorted Sushi,Open-face Sandwiches Laksa.Rojak, KotfPrata Tim Sum, Assorted French Pastries Bread Butter Pudding, Local Desserts AND MANY MORE MOUTH-WATERING SPECIALITIEStI
      129 words
    • 129 17 1 O TO KOH SAMUI, THAILAND! with every order of our at Chatterbox Coffeehouse, tt# Chick* Mc* CapUaf&th* Worid. TU 31 October 1988 onjy. /ferry/ Coffcthouie Ist floor JJJ Orchard Road, Smgaport *****7. TeL *****11 Fax: *****61 ESa From 5 September, our famous mooncokes are bock Hondmode from the finest
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  • Page 17 Miscellaneous
    • 786 17 TV&RADIO 'YMMiMfett HflHI "itiS 8-00 Mind Your Body. 5-3fl Snow White. LAiImUI2I229BHBHR9HHMHHHNHM9HMMfIEMHB9i «830 Monday Prime Time 0.00 See Tuesday's Sched- "0 PM TV Innovations. Movie: Rambo First ules. H 4.00 Blitz. Sesame Blood Part II (See Our 5*22 The Silver Brumby. 10.30 News 5 Tonight. 9.00 AMCDIS. ||B ~~9 Ammai
      786 words
    • 263 17 CKVFTIC CROSSWORD meaningless nonsense (8) |IHh~VHT SNo gentleman In the CIA can 5 pV make a loud chirpy sound (6) 8 Wandered but didn't start, having moved at an easy BE 9| SB SmBS SB 9 In due course this device 11 To sail out of a mouthlike 13 Dropped
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  • EXECUTIVE LIFESTYLE
    • 761 18  -  Her technique is intelligently used to serve the music she has chosen to sing, says amdrewum ANDREW LIM There was a time when the word "coloratura" denoted a vocal technique painstakingly acquired by singers for greater flexibility and expressiveness in singing.
      FILE PHOTO  -  761 words
    • 711 18  - The art of noise found in a broom THEATRE Stomp turns everyday items into instruments of mnsic and rhythm By\ Parvathi Narayan [SINGAPORE] Stomp, in a word, is about noise; hi two, rhythmic noise. When Neil Diamond sang all those years ago about Beautiful Noise, he couldn't have known how
      FILE PHOTO  -  711 words
    • 548 18  -  MUSIC Tempo tng-of-w&r, poor wind intonation, among the problems By. David Chow (SINGAPORE] The New Asia series of the Singapore Symphony Orchestra's concerts drew to a close over the weekend with a programme of romantic music and a centrepiece that was performed to promote inspiration.
      FILE PHOTO  -  548 words
    • 772 18  -  THEATRE 'Twist' is theatrical in a good sense and easily digested Byl Parvathi Narayan [SINGAPORE] "An alibi would be handy. An alibi is a friend. When a relative who is wealthy, meets a sudden grisly end," choruses a group of suspects
      FILE PHOTO  -  772 words
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  • COMPANIES & MARKETS
    • 555 19  -  Still, some analysts tsnk it could do better than expected at its trading debut today Reports Wong Wei Kong [SINGAPORE] It may be one afcthe biggest stocks on the Stqck Exchange of Singapore bjst SembCorp Industries still Mes a tough job winning inwhen
      555 words
    • 223 19 [SINGAPORE] ST Capital has obtained in-principle approval from the Stock Exchange of Singapore for its proposed acquisition of venture fund group WH Holdings by issuing 415.2 million new shares worth $0.35 each to Singapore Technologies Pte Ltd (STPL), the parent of both
      223 words
    • 764 19  -  MARKET MATTERS New measures aim to create level playing field for all players By Eddie Toh PRIME Minister Mahathir Mohamad is finally lifting the veil on Malaysia Inc. The premier, who is also the finance minister, last week tabled a set of measures to
      764 words
    • REGIONAL/ INTERNATIONAL COMPANIES
      • 503 20 Sale values company at 25b francs, about four-fifths of value at top of the range; trading starts today Bloomberg Reuters [ZURICH] Braving a global stockmarket gloom, Swisscom AG, Switzerland's stateowned telephone company, said it will sell its shares at 340 Swiss
        Bloomberg; Reuters  -  503 words
      • 361 20 Company chief says financial problems solved and it's back to business this week Reuters [TAIPEI] Taiwan's U-Land group, which last Thursday suspended most of its businesses, will resume operations on Wednesday, local newspapers reported yesterday. Several papers quoted ULand president Chou Chi-jui as
        Reuters  -  361 words
      • 107 20 Reuters [HONGKONG] The Hong-kong-based South China Morning Post Holdings has announced a joint venture with Haymarket Group of Britain. The jointly-owned company will be called SCMP Haymarket Publishing Limited and wiU publish Chinese-lan-guage magazines that target the Greater China region. Owen Jonathan, chief executive
        Reuters  -  107 words
      • 309 20 Move prompted by weak sales, especially in Japan Bloomberg [PALO ALTO, California] Hewlett-Packard Co said it will cut 2,500 jobs, or about 2 per cent of its workforce, because of weak sales of test and measurement devices and electronic components. The world's third-largest
        Bloomberg  -  309 words
      • 478 20 Gearing top concern among some; others worry abont freight rate changes Reuters [SINGAPORE] Singaporebased Neptune Orient Lines, which reported a stunning net loss of $240 million for the first half of 1998, is unlikely to return to the black next year, analysts
        Reuters  -  478 words
      • 356 20 Bloomberg [NEW YORK] Revlon Inc shares fell as much as 45 per cent on Friday after the cosmetics maker, controlled by billionaire investor Ronald Perelman, warned slowing sales and the strong dollar will drag its profit far below forecasts this year and next. Revlon
        Bloomberg; Source: Bloomberg  -  356 words
      • 360 20 Reuters [PALO ALTO, California] Oracle Corp may need to cut prices, particularly in the database software market, because of intense price competition, the No 1 database software company disclosed on Friday in a regulatory filing. Oracle said its competitors in that market
        Reuters  -  360 words
      • 208 20 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest bank, would have to see its profits crimped in order to help the country pull out of its economic slump, said managing director Amirsham Abdul Aziz. "The future of the banking industry
        Bloomberg  -  208 words
    • FINANCE & COMMODITIES
      • 463 21 Central bank has USs2som exposure to hedge fond Bloom berg [WASHINGTON] There was "nothing illegal" about the Bank of Italy's investment in Long-Term Capital Management (LTCM), said Antonio Fazio, governor of the central bank on Saturday. He said he will explain
        Bloom berg  -  463 words
      • 185 21 Reuters [LONDON] The chairman of the Lloyd's Names Association (LNA), which represents some of the insurance market's loss-making individual investors, said on Friday that Equitas, the vehicle designed to pay off Lloyd's old losses, may yet become insolvent. Equitas reported a surplus of £101 miUion
        Reuters  -  185 words
      • 479 21 Shares fall to low as earnings growth forecast's cut to nil Reuters Bloomberg {AMSTERDAM] Dutch bank ABN Amro issued a profit gaming on Friday, saying second-half profits would be hit by declining business volumes in emerging markets and forecasting flat net earnings for the full
        Reuters; Bloomberg  -  479 words
      • 268 21 Bloomberg [WASHINGTON] Bayerische Hypo-und Vereinsbank AG, Europe's fourth-largest bank, may make acquisitions in a bid to double its funds under management within five years, according to chief executive Albrecht Schmidt. HypoVereinsbank, formed last month by the merger of Bayerische Vereinsbank AG and Bayerische Hypothekenund Wechsel-Bank,
        Bloomberg  -  268 words
      • Article, Illustration
        1569 21 PRIME LEMPIMO RATES US 2t ABU Amro Bank HV Bv* ABSA Bank Limited BV« Agricultural bank Of Cttna 7% A*Z Banking Group B AIM Ms* Ba* PIC 7W Amcrica* Express Bat* SH Arab Banking Corp Bvt AraB Bank PIC 7H AsaN Bank Ltd |vt ■an MnLaaBankBM Bv* Imci Camarciate Mm
        1,569 words
    • COMMODITIES & FUTURES
      • 576 22  -  KIMKX Wee/clyßoundup Hiroko Komiya MMS International [SINGAPORE] As the International Monetary Fund (IMF), World Bank and the world's industrialised nations gather in Washington to set what some have trumped as a "world saving" agenda, the contagion of the Asian crisis has started to bang hard on the
        Source: Simex  -  576 words
      • 849 22 COMMODITY Weeklyßoundup AFP [LONDON] Gold assumed a fresh shine, regaining some of its allure as a safe-haven investment, as the financial whirlwind ravaged global financial markets last week, while fears of global recession dented the base metals complex. Gold bounced back
        AFP; Source: Bloomberg  -  849 words
    • 1512 22 SICOM FUTURES Oct 2 micoamaacMtiAo cm* mm opm Hanoi i wtk in jftt (ttMMi) Interest mm l ]J t35o Dec 96 12X00 MOO JM 99 124.00 650 FM 99 QUO «90 H* 99 126.75 650 km(Jmn 129.75 1950 JwStf 99 ***** 00 Oct/Oec 99 ***** ISS 3 CONTRACT
      1,512 words
    • 3968 23 NMMn KM uxm Sap 22 I OTM 330* 0.31 L50 Date TV IV TV LV LIWAlltMC Sap 22 P 19*4 4.7W. t73 2*. Cwteaay mm (Sot) (9a*) <ett> (ct»j Lion Tart Sap 28 P 7.4871 ***** 51L 13.5 Llaoh Huat Sap 30 I *****. 2 324
      3,968 words
    • MARKET REVIEWS
      • 853 24 n Sydney -3U ELECTION post-mortems, speculation over an interest rate cut and an avalanche of financial data will dominate trade in a busy week ahead on the Australian bourse, brokers said on Friday. The Australian Stock Exchange's main indicator, the All Ordinaries Index, closed the week down
        853 words
      • 261 24 HONGKONG AFP HONGKONG'S stock market wUI take its cue from a combination of domestic and overseas factors this week after gaining 2.4 per cent in a holi-day-shortened week, dealers said. "It wUI depend on what incentives there are" from overseas
        AFP  -  261 words
      • 519 24 NEW YORK Meanwhile, investors speculate that rates will fall again after the next Fed meeting Bloomberg AFP THE three-week rally in US stocks sputtered last week, and more disappointing news about the earnings outlook is likely to push prices lower in the coming
        Bloomberg; AFP; REUTERS  -  519 words
      • 382 24 LONDON AFP THE London Stock Exchange was swept lower by the global equities avalanche last week, as traders feared a severe downturn in the banking S6Ctor and even the onset of recession around the world. The FT-SE 100 Index of leading shares fell
        AFP  -  382 words
      • 371 24 TOKYO AFP TOKYO stocks are expected to sink further in the coming week amid the country's deepening financial crisis and growing uncertainties over the US stock market, analysts said on Friday. "It is hard to expect gains in the next week given the
        AFP  -  371 words
      • 1639 24 QPitb -27L46 THE Paris bourse ended an up-and-down day on Friday with a token gain as the CAC 40 Index finished at 3,039.14 points, down 271.45 points for the week. Early in the session, the indicator had fallen below the level it reached at the end of
        1,639 words
    • KUALA LUMPUR STOCK MARKET
      • 7540 25 MOUSTMALS Cofisumtr products 1M u»»« Vat km Nat C*« Hlg* U» Cl1>««y Sat* '000 HI* Lot P/C Smll 22 '12 Ajinomoto 210 unch S 210 210 11.6 85.1 £2 .it i58SL= 55 4 '3* 60 52 1.3 811 ?22 252 Food Hlg 184 8 26 189 180 6.4 73.6 2S2
        7,540 words
      • 414 25 AFP Q Composite Index -2441 TRADE on the Malaysian stock market is expected to remain weak in the coming week after a 6.25 per cent fall in share prices over the holiday-shortened week, analysts said on Friday. The Kuala Lumpur Stock Exchange's 100-share weighted Composite
        AFP  -  414 words
    • WARRANTS & OPTIONS
      • 2539 26 BOMBS, LOANS ft WABBANTS Last Vat Last Quota Avf MUfc Law »tiw Company >W *ar- COOP) Hljfc Law Buyf Mter Prtca 203 3 3)60 A Acar ******1 USS 4 K>3 15 43 4 4 6 95 5 3164 Acma ******4 6 -1 1051 6.5 5.5 5.5 6 6 3161 AIITach
        2,539 words
      • 224 26  -  WARRANT WATCH By R Stvanithy NOWHERE is the plight of warrants in a bear market more starkly illustrated than on the KLSE Second Board. Here, the devastation wrought by the currency crisis, poor earnings outlook and the country's capital controls has pushed aU its
        224 words
      • 201 26 HONGKONG STOCKS Or Or L—* m—k LMtOuot* OK ON VM Nrt M Cm Hl» \jm Str» Cwwmwv «g» COOP) Ml# L— gggr 1—m Cw P/l tm+ 400 250 5123 CDC (2000) HK 400 400 8.0 2.4 2-0 203 7744,7 5124 Cdthay P»e 20c HK—720 265.0 2.1 7.4 6.0
        201 words
    • 4281 27 Week t'lidtii: 0< f 2 I CCNOO) ——u, °S£c c£ i c i MULTHNOUSTRY 'tis M 5m l iSIS^teziS 944 57 53 54 275 L 246 J093 AstaFood*Prop_.US15 »3.5 ***** t« n.S 14.5 15 ,33 4 -?Jl '*5 ,K> 1277 OmngihouHKIOc HK140 cd 1M
      4,281 words
    • 686 27 2 47 Il«' AiJmd^McZZZ4?" 5 O 5 "i ia 5 47 45 5 66 'fj H H lif r 40w 54 s :is§2 S *2! iS <S 2 ,E S3 5 S V :SS?R2EVSSStr? 5 45 20 2006 firstCnfQlOc 29.4 M 4.7 A* 14 4. 32 14.5 m 2010
      686 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        443 28 Source: JM Sassoon Stacks Votaim Keppel LaodSOc 34,919,000 OUB Foreign 31.886,000 VanderHorst 29,399,000 Asm PoodS Prop 25,554,000 EResWtOI 25,506,000 STEngglOc 23,775,000 DBS Land 23,300,000 SingTel 15c 21.939.000 Repprt Corp 21,313,000 Partway Wt98 13,644,000 Stocks OUB Foreign 76,811.623 DBS Foreign 64.525,546 SingTel 15c 60.928.285 006 Foreign 54.575.297 SIA Foreign 52.546,808 SPH
        Source: JM Sassoon  -  443 words
      • 674 28  -  THB WEEK AHEAD Markets focusing on bad news such as hedge fond fiasco, poor corporate earnings; all eyes on debut of merged SembCorp today By R Sivanithy [SINGAPORE] Now that the muchvaunted US interest rate cut has come and gone, aU eyes are
        674 words
      • Article, Illustration
        60 28  -  by Wong Wei Kong KEPPEL Corp closed last Friday at $1.94, down five cents from its previous close. Volume was 3.04 million shares, compared to the 10-day average of 4.23 million shares. Technical indicators point to further weakness. RSI and MACD readings suggest that the stock might be
        60 words
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  • Page 20 Advertisements
    • 151 20 American Chamber of Commerce and R ACLS Present Three American Musical Maestros Rico Serbo (Tenor) Richard Dowling Evan Drachman "Tenor Love Songs From (Pianist) (Cellist) Cosies, Opera Broadway' An Eve ning of Russian Music For Cello Piano" .p^BMpPfSp •A beautify voice that offered 'He is an especially impressive, 'His music
      151 words
    • 42 20 □jkj LION CITY HOTEL q HOTEL •00, SMKOrWtoMIoW Una fate, 744 0111 Jr. 15. Tanjong Karong Rood, Singapore *****0 (amp* aorpoiUhg) Ifree invittvtion to the sth Asia Pacific Derivatives Exhibition on lOand 11 November 1998. S Details in the insert with J|f
      42 words

  • Page 21 Advertisements
    • 373 21 FOURTH NUS SEMINAR ON FINANCE TIE ROAD TO ASIA? RECOVERY NEWMARKETS AMD OPPORTUNITIES Organised by Department of Finance and Accounting, NUS In conjunction with ACI Singapore The Financial Markets Association and The Singapore Foreign Exchange Market Committee Uftaai Regit aliuii 8.45 am WELCOMEADORESS Prof Woe CfcowHou, Dean, Faculty of Buainess
      373 words
    • 18 21 Lost uour 0^ pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. f§t CATS
      18 words


  • Page 23 Advertisements
    • 561 23 S3 Cathay Pacific W Swire Group DRiVF T'HFSr. FCf AWAY WITH ONE OF THEfflQ<|H There's a wmttng scat on every unjtie flight landing at HuaOMSMdMsvtife» ovj^^ ™a< I"J J "U^ViMTi?ll I 11 i*SN 51l HB* »:ne- 4>iV7l i k" gATfI ad m V I a AKm^HKBI STOP OFF IN HONG
      561 words



  • Page 26 Advertisements
    • 16 26 [business^ Turn to page 28 for more Notices Call 1800-737-1166 to place a quick-acting ad GAXS.
      16 words
    • 139 26 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS SECOND CUMULATIVE PREFERENTIAL DIVIDEND OF 5.25% P.A. PAYABLE ON 23 OCTOBER 1998 NOTICE IS HEREBY GIVEN to the holders of the 150,000,000 5.25% redeemable cumulative preference shares of Sso.ol each in the capital of the
      139 words
    • 49 26 I C OJIUP.U «IE R I With a readership base of 1.2 million, no other 3 I IT publication comes close. For enquiries or ad I I bookings, call: 1 I Daisy Chi* Tel. *****15 I I Pgr. 9593 8678 1 I ChooGingYang Tel. *****41 I Py. 9306 8517
      49 words
    • 15 26 The Straits Tines CLASSIFIED Where buyers and sellers meet Sell your old baby carriage. CATSI
      15 words

  • Page 27 Advertisements
    • 36 27 '«*iP ~Jm a 4 «^w ■i^tusiness 1 Hi #%i|BHBBP^ 4* I 735 402V/735 735 055? •S U City Me: TVi 336 6225 M M M l J #m T T# MmJ da JL Aril JUi A
      36 words
    • 26 27 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified Service
      26 words

  • Page 28 Advertisements
    • 371 28 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ANO IN THE MATTER OF INFOCARE HEALTH SYSTEMS ASM PTE LTD ON LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of Holding Company relating to Proceedings
      371 words
    • 466 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GOLDEN Ktt SK PTE LTD (In Mambara' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of tha Companies Act. Cap.so, that a Final General Meeting of tha abovenamed Company will ba held at
      466 words
    • 413 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FMA INVESTMENT (SICHUAN) PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting ol the members of FMA INVESTMENT (SICHUAN) PTE LTD duly convened and held at 257 Selegie Rd #06-277 Selegie Complex
      413 words
    • 637 28 Buy It. Sell it. Find It. Classified. Call Today For Results Tomorrow. 1800-737-1166 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HITACHI (SINGAPORE) PTE. LTD. ON LIQUIDATION) Extract of the Minutes of an ExtraorJnary General Meeting of the Company held on the 30th day
      637 words
    • 228 28 M THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO M THE MATTER OF BAVU BUANA TRAVEL PTE LTD (M MEMBERS' VOLUNTARY LIQUIOATION) NOTICE OF PMAL MEETMQ NOTICE 8 HEREBY GIVEN pursuant to Section 308 of fit Companies Act. Cap. 50 that the Final Meeting of the members of tha
      228 words

  • SHIPPING TIMES
    • 266 29 Contributed by Simpson Spence Young ACTIVITY continues to pick up, although as yet remains to be reflected in the number of sales. Prices continue to be under pressure in all sectors, none more so than the drybolk market. The panamax bulker Energy Pioneer (69,000/89) is now said to
      Contributed by Simpson Spence & Young  -  266 words
    • 224 29 M ARfTfI¥IE STOCKS £'2. *000 afi CWT OtltriOution.. Qu245 until 21 ChuanHup 0J5 -OOI 121 Coscolnv*stm*nt_OJ9 uodi 6 -"jg Hal Sun Hup 0295 until 421 HKacMZoMfi -0.005 9 iMCHaMnt*—HKAM Jaya Holdings _aift41 until 93 385 XMS KapptiFELS __"L.1ie until 138 K*pp*l Marin* .JE_1.06 -0.01 114 Mp>rtTM»-rfW —OM* -0.01 >49 lattray
      224 words
    • 423 29  -  Court hearing on 1996 sinking of famed ocean research ship starts today Reports by] Felix Chan [SINGAPORE] A court hearing on the 1996 sinking of the celebrated ocean research ship Calypso in Singapore begins today in which the owners are seeking compensation from
      FILE PHOTO  -  423 words
    • 645 29  -  LINER SCENE By: David Hughes THE founder of Taiwan-based container giant Evergreen, and still Evergreen Group chairman, Chang Yung-fa, cannot be accused of losing his flair. Having taken on the traditional liner companies, seen many of them struggle with containerisation and eventually disappear
      645 words
    • 232 29 [SINGAPORE] The Calypso was launched in Seattle during World War n where she served as a minesweeper for the British Navy. She was christened J-826 and launched on March 21, 1942 and assigned to the Mediterranean Sea, where, after the war, she was sold and her
      232 words
    • 216 29 [PORT KLANG] The Indian state of Karnataka is inviting Malaysian entrepreneurs to participate in its port development and modernisation programme. Karnataka Deputy Chief Minister Siddaramaiah said his government had already called for tenders to develop five smaller ports which are directly under
      216 words
    • 188 29 Reuters [LONDON] Associated British Ports Holdings' port of Southampton has won new business which will boost container throughput by about 11 per cent, the British ports group said. Southampton has been confirmed as the UK port call for a group
      Reuters  -  188 words
    • 221 29 [SINGAPORE] Taiwan's Evergreen said it expects to save USS6 million (Sslo million) annually in operational costs when it starts a weekly mainhaul China call later this month following the easing of cross-strait shipping restrictions by Chinese authorities. The service, which
      221 words
    • SHIPPING NEWS
      • 506 30  -  By David Hughes in London UK-BASED classification society Lloyd's Register (LR) has denied that there were major International Safety Management (ISM) non-con-formities on a Greek-flag bulk carrier, the 1981-built, 38,097 dwt Vorios Ipiros Hellas when it was detained by United States
        506 words
      • 320 30 TALKS between the International Maritime Employers' Committee (IMEC) and the International Transport Workers Federation (ITF) over minimum pay levels on open registry ships broke up without agreement last week. The ITF is demanding a 16.5 per cent increase, to US$l,4OO (552,365) a month, in
        320 words
      • PORT Shots
        • 100 30 THE Germanischer Lloyd (GL>classified fleet on Sept 1 this year comprised 4,750 seagoing ships, up 3 per cent on a year with an aggregate gross tonnage of 28.1 million gt, up 10 per cent. The German classification society also classed 870 inland vessels. Almost half
          100 words
        • 90 30 JUST months after the Panama Canal Commission had been carefully husbanding water levels in the canal system and restricting vessel drafts, heavier than normal rains have filled the Gatun and Madden lakes to such an extent that not only has hydro-electric generation restarted but the commission
          90 words
        • 99 30 NORWEGIAN group Leif Hoegh Co (LHC) bought shares In Swedish-listed shipowner Gorthon Lines representing 34.8 cent of the votes of the company. Gorthon specialises in carrying forestry products with a fleet of 12 owned vessels and four chartered ships. LHC said it considered the
          99 words
        • 116 30 CHEMICAL transport specialist Stolt-Nielsen reported reduced net income for the nine-month period ended Aug 31, of US$B2.2 million (*****.9 million), compared with U5593.9 million for the same period in 1997. President of Stolt-Nielsen Christopher Wright said: "The economic crisis in Asia has deepened and spread to
          116 words
        • 80 30 THE offshore support vessel market will weaken further due to the Asian economic crisis and low oil prices, according to a new report UK-based Ocean Shipping Consultants' (OCS) latest study, Offshore Support Vessels: Short-Term Weakness before Recovery, says daily rates for medium and large anchor/handling/tug/supply are
          80 words
    • 356 30 PAGE Enq Lee t2 ami 3 ESP Lines 14 Accord 8 Evergreen 6 Ahrenkiel 12 Express IL 13 Appenstup 5 Foon< Sun 8 Astro 3 Fro<4 13 Austral 8 FrtUnks M Avant W Link 4 B'tang Mas 8 8 BSA 7 Gensfigp 12 BTL 14 Glory Nav
      356 words
    • 17111 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA AOvertiser Vessel Voyage Telephone SIN Desrn Name Nam# Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire To CALCUTTA (CCU) 2062 India M/W 03/12 ZIM/Seth ZIM PIRAEUS 3W 45-3230n2 12/10 WW Multiline
      17,111 words
    • SHIPS IN PORT
      • 614 43 Vassel Voy No Berth Arrival Departure Jurong Port BattKdolph 13/98 J03 alongside 04.10/1700 Batelicin 023 JtO alongside 04.10/0900 Bt Hindi Jay *****8 J01 alongside 04.10/2000 Him Premium *****P J13 alongside 08.10/1700 lhan Jaya *****8 J02 alongside 04.10/1800 Marine World 254/98 J14 alongside 04.10/1400 Namthong 12 N***** J11 alongside
        614 words
      • 1812 43 Boofclng/lteUnce Rstls Ship Voy Mo Etb/Btr Period From To From ir rimtr 904 07/2359 U 04/1500 04/1659 04/1900 At. Clow 904 ouirn 04min 0V*59 &4/1900 2A 04/1700 05/0659 05/0900 21 04/1700 05/0*59 05/0900 3 05/0700 05/1159 OS/MOO 4 05/1200 05/1459 05/1700 Urnmm* 2 127]« 07/0400 i 04/1500 MMN
        1,812 words
      • 191 43 Oct 5 Portugal: Republic Day. South Korea: Harvest Moon Festival. Taiwan: Mid-Autumn Festival. Oct 6 South Korea: Harvest Moon Festival. Oct 10 Japan: Sport- s Day. Taiwan: Double Tenth National Day. Oct 12 Canada: Thanksgiving Day. Mexico: Columbus Day (optional). Spain: Natinal Day. United States: Columbus Day. Oct
        191 words
      • 774 43 THIS report, compiled by Cockett Marine 0U Ltd. shows price ranees In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averaee-slxed stem Market movements are Indicated The Cockett Bunker Price Index chanfe and the Individual
        774 words
      • 469 43 WO MM 992.0 2.8 17.7 0.16 342 0.07 <*U £g£ t>f *sh Ahiimntum SedMnmt No *bov« E25 > 4 12 3 3 0 380 Ave 987.6 0.3 16.0 0.07 28 0.03 Eum 380 Mai 996.0 0.9 19.8 0.12 1S4 0.11 V/V M/» M/M mt t«iw« No
        469 words
    • AIR & LAND TRANSPORT NEWS
      • 476 44 Unlike previous rounds of talks, EC has already cleared BA-AA alliance Reuters [LONDON] British and US government officials kick off a new round of "open skies" talks today, aimed at securing a transatlantic air liberalisation pact a precondition for clearing British
        Reuters  -  476 words
      • 288 44 Reuters [NEW DELHI] Virgin Atlantic Airways Ltd, the airline operation of British billionaire Richard Branson's Virgin group, said it wanted to focus on the Indian market and start direct flights. But, current restrictions in the India-Britain aviation treaty has cramped Virgin Atlantic's plans
        Reuters  -  288 words
      • 358 44 Bloomberg [SINGAPORE] Singapore Airlines Ltd said its operating efficiency fell an 11th month in August from a year ago, led by a fall in cargo carried even as its capacity increased. SlA's overall load factor a measure of how efficiently it uses
        Bloomberg  -  358 words
      • 39 44 [SEOUL] Employees of Hyundai Motors unveiling the company's new Grandeur XG in Seoul. TheXG will hit local markets on Thursday and will retailfor 24,800,000 won (5530.057). Hyundai Motors is hoping to export the car by November. REUTERS
        REUTERS  -  39 words
      • 245 44 Bloomberg [BANGKOK] Thailand's Transport Ministry asked Thai Airways International pic to cancel or delay orders for as many as 15 planes from Boeing Co and Airbus Industrie, the latest blow to the jetmakers from recession- struck Asia. A
        Bloomberg  -  245 words
      • 559 44 Foreign partner necessary to survive current economic crisis: analysts Reuters [MANILA] Philippine Airlines (PAL) soars back into the skies this week after returning from the dead but will need the wings of a foreign partner if it is
        Reuters; AFP  -  559 words
      • 94 44 AFP [TOKYO] Japan's All Nippon Airways said it applied for transport ministry approval for a code-sharing alliance with United Airlines of the United States. Code-sharing operations are to begin on Oct 25 on trans-Pacific flights and connecting domestic services, with cooperation on frequent-flyer
        AFP  -  94 words
      • 1711 44 CITY FU6HT Ctt fUMff EIO Ad»iald« BA7381 1930 8A7382 2055 H"* V" 741 BW VK74f 0905 0W 1930 TO 2055 ***** 1840 S0176 1105 Amsterdam KL843 0450 KL838 2300 SO343 0735 S024 2320 'G407 ,54 TG408 1635 KU37 (455 W895 2150 MOW MB Auckland N***** 2050
        1,711 words
  • Page 29 Advertisements
    • 21 29 Lloyd's Register denies daim of safely deficiency Greek-flag bulk carrier was detained by US Coast Guard officials in Aug. Page 2
      21 words
    • 82 29 We can't deliver to Mars (yet), but our fast service covers the earth. O I or the most efficient service, in Asia and around the world. go with MOL. We offer faster transit times, greater frequency and wider port coverage. Plus "total logistics" container service throughout Asia. No matter where
      82 words
    • 22 29 US-UK air talks kick off with one less obstacle Unlike previous rounds of talks, EC has already cleared BA-AA alliance. Back Page
      22 words

  • Page 30 Advertisements
    • 1114 30 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I 3SX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARQARITA BERVICE) wsa wr bash cmsm immi mm oac 5t mcoon vea vot an ptomtim I aouutul ptcauma GMMMMLSSSBSSfIgJ ooqcauwma ***** *7/i* #7/io b/h »/i* w/i* "57ii~
      1,114 words
    • 635 30 Lines services represented 1 ji (flail) b L h t^** eße9,s y \gWojiy Shipping Agents Association Singapore Shipping Association j NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIX PROJECJ CARGO TO DAM PIER/FRE MANTLE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 20/10/98 BOOKINGS CALL JULIA/MONICA TEL 323 4374 CONTAINERSrtX)NVENTIONAL CARGO FROM
      635 words

  • Page 31 Advertisements
    • 1077 31 TO EUROPE FROM EUROPE IvBSB VOY I SW ITM ANt HAM IV SOU FIT L£H jvBSEI VOY KTM AWMAMWV SOU FIT UH SM I NOEAMAZOMTI 014W 01/10 14/10 11/10 22/10 19/10 HYCORNOOOIB 3141 12/00 00/00 10/00 07/00 01/10 IAUXRE 523W 02/10 10/10 20/10 23/10 24/10 NOIPEAM 0041 10/00 12/00 IS/00
      1,077 words
    • 2156 31 I HANJIN SHIPPING HANJIN SHIPPING PTI LTD I*://mm. hap. cm BOOKING: SAL£S: *****24 231 OOCUHttT 37*0271 774 OfUAJKMS 37M741-352 MAM UM *****55 FAX TTTtHO 3NO **********0 M TO NW USA A CANADA USA CANADA* FORvu/voy UM sm umhau/voy I seT~| tm |on pfi oi msp m on m« rtt m
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  • Page 32 Advertisements
    • 1193 32 C DSR-SENATOR LINES TO UK/CONTINENT TOREDMAIIMPrrERHANKANCANADA aa WT Ml LBt WW AM HAM MN FU Vtwa jvOT rsr"l JED |QH| SK FOS VLC |mTK 21! 2 11 un a ai WIATW ««MJ mi it.itlllll ia.it ail mIT FIT ***** aw 2 1 Hn ,1 *m"»atoi< wmm «>• tew nil nil
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    • 925 32 Carrier: MN CONTR LINES, INC p guoamghj7) mra o\/ ViJ g.y-"°" T lwo <**>■■ (DM) lt«m MAMLA: (133) *****24 %?gfs«BSo««, asragggg, WEEKLY CONSOL TO PASIR GUDANG MV "ALAM JAYA II" V.8273N ETA SIN: 07-10-98 USA/VANC CAIL XHJHUA/ JANICE AUST/NZ CAIL XIUHUA/MARIA PUSAN CAIL CYNOI/ JANICE EUR/ MED CAii: SHAM/ PEK
      925 words
    • 605 32 JESS ELTON LINE ST THj Mt34»> IMb MMIII r 1 MUARA I LABUAN vKsa vor nt ra vnsa vor m ra sroti mumu sroa im i w*/w«7/ion/io sTumHOfi rm/n 07/10 12/10 W«/* '1/10 IS/10 CAAAJUMO-I2 Vl«/W 12/11 14/10 STUTSHOH V2K/Wl4/1# 10/11 STUfTSMOK Vl*/* 14/10 11/10 caiaka M*r via/* 21/10 24/10
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  • Page 33 Advertisements
    • 1404 33 VESSEL VOY SIN POU PKO PEN PQB PUB SHJ BA I BIK 1 IRAN GHEYAMAT PJL 1307 18/10 30/10 01/11 07/11 IRAN VAHDAT PJL 1317 14/10 10/10 24/10 26/10 PQfl- Mini Qaboos, DUB Dubai. SHJ Sharjah. M Bandar Aftba*. BIK > Bandar Imam Khomeini ACCEPTING CONTAMER/BREAK-BULK SHIPMENTS TO INLANO POINTS
      1,404 words
    • 1776 33 TO ISRAEL IN 13 DAYS I fcEVERY THURSDAY .JM I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 PAX: *****08 OUTWARD (B/L)~^ COSTAR SHIPPING PTE LTD lIZ-OSDISIIDG SALES/BXGS *****57/60 INWARD DEPT (D/ 0) *****8s COSTAR AGENCIES (M) SDN BHD CI NO: *****89Q000M TOWER TWO (*****9) CONVENTIONAL *****50/SS T/SHPMT DEFT
      1,776 words
    • 661 33 EASTERNCAR LINER, LTD. 'TfsS,^ |tj ta (SIWGAPOWP pn ltd SPECIALIZE IN WORQ I HEAVY UFT UPTO 450 TOMS| LOADING FOR JEBEL AU CHENNAI MV "LUNA AZUL" V. 14 MV "ORIENT ROSE" V.27 ETA SIN 06/10/98 ETA JEBEI AU 15/10/98 ETA SM 07/10/98 ETA CHENNAI 13/10/98 COLOMBO/CHITTAGONG/YANGON YANGON/HALOIA/CALCUTTA MV "OCEAN BLUE"
      661 words

  • Page 34 Advertisements
    • 1308 34 EUROPE/UK/SCANDINAVI A/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP RDM inuj uop mm cro 1 I E OfVELWRWOM 11/10 2m? /1 04/11 E REFIME Rl l7 10/09 12yOT 11/W 14/09 IS/W os I F DFCFNTMiaSF UrtS II2J ?I»J f!2! 10/11 11/11 E REACH HE 020 17/09 19/09 19/09
      1,308 words
    • 681 34 aaasPff pacific international unes (pte) ltd 3 MflV 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CP NO **********06 "vfr tUNGA IHATAI J 343 t/lQ I IdVIA I ~~iTTn WJ lw 1 Vnr- 44}}kota ratwMA rwtois 12/10 114/10 I iiTii 71/ m Si Tm~ -SF 1/1. SI IY/Yt ~u7rr ivtssii
      681 words
    • 590 34 r*a> NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel vot sm irmi PUR I JM4 I CTT |10~ namsacasiru tops n/io 15/10 it/io n/ii 23/10 m/io mmitKKS im wo 77/10 30/10 31/10 mmimita im n/10 n/10 01/11 wii 05/11 w/ii mmomson tows 27/10 os/11 w/11 12/11 mui rag
      590 words

  • Page 35 Advertisements
    • 461 35 BSA x MM* MYANMA wBBk FIVE STAR LINE (Myanmor National Lin*) Loading for Yangon (Rangoon) VISSII VOY SIN Ml «N pcu mUWUJMYINC SOW SID MALAYSIA AGENTS: lOUSTEAO SHIPPING AGINCIIS KUL m (03)*****00 PKL Til (03) 37M101 PEN: TEL (04) 2(***** PGU: Til (07) *****21/4 BANK LINE (A service of Aadriw
      461 words
    • 1500 35 biMAW I HYUNDAI MERCHANT MARINE CO., LTD. IVBSR VOY sw_l_sou in rtm ant ham LBV m [wssa VOY I sou I LJW ;nM ART HA* ,»v I fbIIkI HYGENttAI 314W OS/10 21/10 22/10 24/10 27/10 TYW 5231 T7709 k709 13/09 IS/09 06/T0 BM 549W 06/10 28/10 31/10 26/10 29/10 DANUK
      1,500 words
    • 960 35 V nowegian speaabed aukxanien QO)3(O]<3 Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE* VESSEL VOT RAMP HEIGHT SIM LAX Til MIA SAV BAL ORF NYC NEW Hot TKAS FB2O 400 To« 6.3 M "W 09/11 WTI 2T7TTWTT~"2S7TTWTTWTWTF *****" TO»A FI2I 400 Tom 6.3 M 29/10 25/11 04/12 07/12
      960 words

  • Page 36 Advertisements
    • 910 36 BANGKOK/MAP TA PHUT/LAEM CHABANGI JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT RJN CHANA BHUM" 38N 06/10 09/10 ACX RUBY* 32S hi Pt 08/10 XETHA BHUM 2S3N 06/10 10/10 08/10 VIRA BHUM 231S In Pt 00/10 08/10 KOTA RATNA RNAOS3 07/10 10/10 ANRO GOWA'
      910 words
    • 537 36 I INDONESIA NATIONAL LINE J TO EUROPE H EXPRESS SBW-COWpMWOWBOJ BERVICg -I *U ¥0Y I t'POM »'WMOA* N'MMIS MfMtN AHTWfRI -I ytnti LjjflEj wii ant ~o¥iT —SJtT J TO AUSTRALIA ""1 I FULL CONTAINER service -I m jwr j*B M»|h«| ■g|w>|m|w»|«nL|«i »wnrw|nni| |?vn|?*n|ani «/n I UtUSftl IS IVNI7/w| 12VM|)Vt|| &ii|
      537 words
    • 916 36 VESSELS TvOY SJN JED MLA LEM HAM THP rtu jcr vaew -aSio-V-l-f DC TANYA TMIW 12/10 21/10 28/10 01/11 02/11 ocll 04/11 06/11 VU-E de taurus A2bh iyio ayio mFm pyrT unT um iW CyAQUARHjS LHBW 00/11 15/11 Wll I<yi 1 10/11 Wll SCA/<o iAV A>< (AAHHUB. eOPEWnAQBt OOTHB<BUWQ) MtO
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  • Page 37 Advertisements
    • 48 37 ST Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 STIKey in your fax number your phone number Another innovative service offered by The document Will be SHIPPING TIMES 3L/ti x^2Si»
      48 words


  • Page 39 Advertisements
    • 152 39 mmEmrnm free Enquiry Sprvicp s>< cut out and fax to: 65-*****29 BKllllUUfctXfiiMlittß Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: .Cargo Ready by: Port of Destination:. Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      152 words

  • Page 40 Advertisements
    • 1075 40 shipping line ltd 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 ■MBHi TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********0 D BOOKINGSCALL DIRECT LI WE: *****41/43 JESSICA/CELI A/ME I CHAN 7 slgs/week [2E2HSZ3I 2 slg/week {VESSEL f~VOY r~SiN TJAK [VESSEL IVOV I SIN IPLB MAERSK JAKARTA
      1,075 words
    • 611 40 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCCPTI NO BOTH SOC AND COC CONTAINER IYKSa VOYAGE I ETA SWGAPOtf ITA (OLOBWO ITA KARACHI SHAUMM 001HW ?0/10/W ~l^W~ M 00IHW 72/10/98 27/10/98 01/11/18 SMUMAI 007HW M/11/W ~mM~ li/11/98 M ooww lyiflj i 7/11/98 72/11/99 SMAUMM OC3HW Ml /n Ot/IJ/W
      611 words
    • 363 40 m FAR EAST 09/10 KEELUNG/KAOHSIUNG 11/10 BANGKOK 11/10 MANILA/CEBU 11/10 JAKARTA/BELAWAN/SURABAYA 11/10 PORT KELANG/PENANG/E. MALAYSIA 13/10 BUSAN 11/10 TOKYO/YOKO/KOBE/NGO/OSA 11/10 HONG KONG SIN CHINA (^IS#±»«P) s 11/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUROPE/UK 11/10 LDN/FLX/IVP/SOU RDM/ANT/lEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 11/10 LOS ANGELES/NEW YORK all
      363 words
    • 645 40 111 CCCm Soviet Shipping CPI I k\\« ahiotiotfoooai I |\\l Multiline Shipping PI VJJJ (^(WS-kMfary) I a N* **********0 C S VESSEL VOY SIN BOM PNQ PKL f KOTA RUKUN RKNOIS 10/10 18/10 28/10 30/10 KOTA RATU RTUO23 17/10 28/10 08/11 08/11 I DUX MOOS 119N 28/10 02/11 13/11 14/11
      645 words

  • Page 41 Advertisements
    • 778 41 MCC TRANSPORT *PM-BAK»ON3HIPP, N O I STWAfTS SHUTTLE SERVICE Ilvesa vot raswet wax Iswtt I Ivtssa vot rnsrooi wa kuamuh Ivtssa vot I rnsroa Irormjucl UOMOM 017 M/100VQ 09/10 11/11 I MMU 9«42 11/10(SUM) 11/1* ■CCVftHttW MM 05/10MOM)I M/Jf opthu na M/iom 12/10 is/10 I mmu mu 11/10 bun) 19/10
      778 words
    • 1739 41 IVBW/WWft I ffl I Bi I IWM I la I VBsavwrial mm Im I ui« I i ponlsouthuttommm 00.10 kio kio 27.10 31.10 wnunum "rrlr ~7Hr "rrrr —S2«L_iai—BSfiSHL jaaaL jSBCSL) NTISMtRJS 04WA41 1110 31.10 till 0111 07.11 ««IHI ,MI 11,0 '*>• IS.IO IS. 10 NTI ANTAJiES 07WA42 7110 07.11 00.11
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  • Page 42 Advertisements
    • 878 42 I VESSEL VOY SIN MAA SIN WENCHNGHE 98/10 05-05/10 11-16/10 TIGER ISLAND 651N 07-08/10 12-18/10 23-24/10 TIGER PEARL 652N 07-08/10 13-18/10 23-24/10 TIGER BRIDGE 653N 12-13/10 18-23/10 28-29/10 TIGER BAY 654N 15-16/10 20-25/10 30-31/10 TIGER ISLAND 655N 19-20/10 24-29/10 03-04/10 I VESSEL VOY SIN CAL SIN XPRESS SPORE 267 04-05/10
      878 words
    • 857 42 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fox: *****33 E-mail: flesin@singnet.com. sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA BUENOS AIRES CEBU ISTANBUL IZMIR LAEM CHABANG MALTA SANTOS SHANGHAI •"PLIASI CALL OUR TOLL FRKI LINE: 1800-*****66 FOR BOOKING Oversees Offices Hongkong *****113 flms@asiaonline.net Port Kelang *****40 flsmdtm.net.my Bangkok *****42 kunthidaMerii.co.lh Surabaya *****00
      857 words
    • 1253 42 lOOCL (Sinoopore) Pte Ltd CFS i 79 Anson Rood #21-04 (S) *****6 Mk Sl3 *01-128 CR NO **********0H W: 272 7827 For booking gh (Malaysia) Sdn BKd (Reg No: *****2-U) f(j// Vs</ A PETALING JAYA T«fc 03-756 7776 Fu: 03-754 6657 PtNANG T«l: 04-*****45/8 Fu: 04-*****43 *****80 IPASIR GUDANC Tel:
      1,253 words

  • Page 43 Miscellaneous
    • 130 43 LEGEND: R Thunderstorm Temper oture y^\ V Shower Weather _X Wmd direction with speed in knots Rain Cloudy Sky Wove height Swrfoce winds ore indicated by arrows which fly with the wind Cl) One Ml circle represents colm or light and variable winds J—> One half Heche represents 5 knots
      130 words

  • Page 44 Advertisements
    • 143 44 AUSTRALIA TO SOUTH EAST ASIA The following Lines wish to advise Consignees of the introduction of a Terminal Handling Charge payable by Consignees in South East Asia. The Charges will be manifested and are in line with charges traditionally paid by Consignees to recover goods from the major Ports/Terminals in
      143 words