The Business Times, 8 October 1998

Total Pages: 38
1 38 The Business Times
  • 13 1 MITA(P) tI(VI2/97 85c The Business Times SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, OCTOBER 8, 1998
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  • 67 1 m 92L57 (+30.09) BT-SRI 410J0 (+16.83) STOMP ***** (+20.44) smsca FUTDBES 142J0 (+4.80) gy MiUETMOOD; STOCI MARKET INDICES Wednesday Change KLSE COUP 370.90 IU NIKKEI DBtl +***** HANGSENG 7,***** +180.18 SET INDEX 26U3 +1109 JAKARTA COMP —260.17 +&06 MANILA COUP 1,212.75 +4U9 TAIPEI WPl €.074.89 +***** SEOUL OOMP
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  • 76 1 FOBEX KATES uss St USI 1171 £(TJS$/S3 per 1J7I 1809 Ml 1.626 1I2» YEN 128J 1.304 RM J.900 1440 HKJ 7.747 6L216 BAHT 3&» 0043 RUP1AH 1,626 0.617 St to 100 wilts PRIME BATES SINGAPORE* 7.66 KlIALA LL'MPliR 11.50 JAKARTA .28.00 BANGKOK 14.76 IfANILA 22.M HONG KONG 10.28 TAIPEI
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  • 777 1  -  Straits Times Index surges 30 points to regain 900 level By) R Sivanithy, Larry Wee [SINGAPORE] The yen and the Japanese stock market got a sudden second wind yesterday, pulling other regional stocks and currencies up with them. The trigger was news that
    Compiled by BT; Source: Bridge News  -  777 words
  • 519 1  -  Foundation laid for USs3oom Merck plant; another in the offing By] Ronnie Lim [SINGAPORE] The size of the Pharma Zone in Tuas catering to pharmaceutical and biotech companies has been doubled to 100 hectares to accommodate new pharmaceuticals investors, Economic Development Board chairman
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  • 387 1  - UOB leads with another 1/4 point prime cut to 7% Move expected to trigger second round of rate cnts By\ Slow Li Sen [SINGAPORE] United Overseas Bank (UOB) is cutting its prime lending rate by 25 basis points to 7 per cent from today, its second cut in under a
    Compiled by BT  -  387 words
  • 250 1 Dow up 40 points at Ipm after volatile morning AFP Bloomberg. Reuters [LONDON] The pendulum swung the other way on European markets yesterday as early gains following Tuesday's powerful rally turned ragged and finally fizzled out. The rally in Asian markets and hopes that
    AFP; Bloomberg.; Reuters  -  250 words
  • 440 1 US economy strong but '99 outlook has deteriorated, he says Reuters [WASHINGTON] Federal Reserve chairman Alan Greenspan yesterday raised the prospect of further cuts in interest rates to keep the US economy on track in the face of a looming credit crunch
    Reuters  -  440 words
  • Page 1 Advertisements
    • 148 1 «gPE Luxury cwln Mt spared In some transactions, the prices of luxury condos have fallen by half from the peak, Pg4 TWaew's riren call Listed companies ranging from Singapore Tech to Gokftron have at one time or other showed an interest in telecom investments. But the next time a company
      148 words
    • 41 1 LDP presents banking bill to Parliament, Pg 7 Market reports, Pg 20-24 Thing's address The HK chief executive's policy speech failed to inspire, but not everyone was disappointed. Full report, Pg 7 Merck's plant to make two new medicines, Pg 2
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    • 63 1 Will UK cut interest rates? The London stock market is wavering, uncertain if the central bank will oblige Full report, Pg 8 Your Singapore Dollars Will Now Go a Long Way... ~;v v 6,000 MILES IN FACT! <? w V 4 4 Asia's premier overseas property finance service is better
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    • 25 1 Lehman oats US growth forecast for '99, Pg 8 Work together to resolve crisis: Clinton, Pg 10 Asean agrees on early warning system, Pg 10
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  • SINGAPORE AT HOME & ABROAD
    • 628 2  -  First world-scale bulk plant in Asia will make asthma, arthritis drugs By Ronnie Lim MERCK'S US$3OO millionplus (Ssso2 million) pharmaceutical plant investment here its first world-scale bulk plant in Asia, after a smaller one in Japan will be its
      SIEW YAW HOONG  -  628 words
    • 218 2 CHINESE newspaper Shin Min Daily News dons a new face today, after a mjtfor revamp to improve editorial quality and packaging with a modern outlook. The evening daily is still committed to pursuing "hot and newsy" community stories, but is
      218 words
    • 298 2  -  EYE ON THE ECONOMY Jobs By] Marissa Chew THE volume of newspaper recruitment advertisements remained down in September but at least the decline seems to have stabilised in recent months. The total volume of newspaper job ads the bulk of which go
      Source: SPH  -  298 words
    • 233 2  -  At $160 psf, the price is reasonable, says property consultant By] Eugene Low APPLE Computer's building at No 5, Ang Mo Kio Street 62 has been sold to National Computer Systems for $33 million, marketing agent CB Richard Ellis said yesterday. Priced
      233 words
    • 366 3  -  Dutch market's fastest-growing exports to Europe seen rising in H2 but at slower rate By' Toh Han Shih THE importance of Europe as a market is hitting home stronger than before, Trade Development Board business development director Tham Hock Chee
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    • 101 3 [SINGAPORE] Workmen putting the finishing touches to this specially cast huge metal > sculpture as it takes pride of place on the front facade of the new Plaza Singapura on Orchard Road. The old Plaza Singapura was for many years well known to shoppers for its
      ARTHUR LEE  -  101 words
    • 360 3  -  Travellers can now boy Citibank's Visa Travel Money card By* Conrad Raj SINGAPOREANS no longer need to buy travellers cheques or carry a wad of foreign currency notes when they go abroad if they have the Citibank Visa Travel Money (VTM) card.
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    • 226 3 Tax on short-term capital inflows less harmful than curbs CAPITAL controls may yield short-term political benefits but incur long-term costs, said Dutch economist E J Bomhoff yesterday. Prof Bomhoff is in Singapore under Nanyang Technological University's Albert Winsemius Professorship. Capital controls will prevent a
      226 words
    • 174 3 POLICE seized about 450,000 pieces of pirated CDs with a market value of $5.4 million in raids on Tuesday the largest haul to-date under the Copyright Act, the Criminal Investigation Department (CID) said. An assortment of unused inlays, jewel boxes, and documents
      174 words
    • 483 3  -  Despite economic downturn there are no plans to cnt back Ky\ Marissa Chew THE Housing Board yesterday announced four new sites for selective en bloc redevelopment and said it had no plans to cut back on the scheme despite the economic downturn.
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  • Page 2 Advertisements
    • 51 2 JIA hs l|f The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the Properties section (Classifications 402 to 568). Call C.A.T.S. at 1800-737-1166. CATS.
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    • 195 2 }>owr^|H Shipping Times Shipßepair I'imes is Proposed editorial O nip building poised to deliver your highlights include: Special Feature advertising message right Prospects of the Noondayi up to the international shipbuilding and 2 November 98 leyel ln addition to repair industries effectively reaching the The ageing fleets of local shipping
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  • Page 3 Advertisements
    • 42 3 PULL THE PLUb on a^/il y y*?> fv. Advertise in Computer Times, Singapore's leading IT publication. f ll T 11| j| g i"j B Call Daisy Chia at 740 2215 or Choo Ging Yang at 740 1641. JUI J I kl lUI
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    • 42 3 Zyrainiiixp The Straits Times Classified f Classifications 703-794 rngmarngmmgngmWm GENEVE JT f Wi l I H-Mt ■L^v mL>\ The new movement Wv< 'wk*? V L.U.C JLtfT Pie Rafilfs Tel: .UWia> Ijirfcy Plaza #<>1-32. lei: *****68 #01-63/64. lit* Siln Bhil: K.l« Plaza. TH:
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  • FOCUS: PROPERTY
    • 560 4  -  In some transactions, prices have fallen by half from the peak IV Elaine Koh [SINGAPORE! ONCE seen as the safest bet, luxury condominiums have shown themselves just as vulnerable in hard times. From the peak, prices have fallen by half in some cases. Far
      FILE PHOTO  -  560 words
    • 486 4 Market players welcome scrapping of 60% cap on loans, interest rate cuts Bernama [KUALA LUMPURJ Bank Negara's move to scrap the 60 per cent cap on property loans, combined with a cut in interest rates, is an important boost which will help reactivate
      Bernama  -  486 words
    • 1002 4 Properly transactions for districts 11 and 21 (sectors 28 to 30 and 56 to 59) lodged between Sept 5 and Oct 3, 1998. PROJECT NAMf PROP CONTRACT TENURE BULT-W/ PWCE PSf STREET NAME TYPE OATE LANOAREA* .(SOFT) (SSOOOt (SS) District 11 Non-Landed CO Shelfor d Cdo Apt 07/29/98
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  • Page 4 Advertisements
    • 292 4 A Unique Investment Opportunity Not To be Missed! At Kaki Bukit Ave 1/Bedok Reservoir Road GFA from 5996 to 7998 sq.ft. Excellent accessibility via expressways Ceiling height from 4.2 to 6m Feeder buses to Eunos/Bedok MRT Stations Fir load from 7.5 to 12.5 KN/sq.m. Self-contained washrooms within each unit Proximity
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    • 165 4 I Waiting till 1999 1 I may be too late! I Many foreign subsidiaries have already received instructions 9B from their Head Offices to ensure Year 2000 compliance for 8| their payroll software by December 31,1998. If you are still using a Non-Year 2000 payroll package, it is time SB
      165 words
    • 46 4 FACTORY FOR SALE PRIME LOCATION TOA PAYOH LORONG A Built in 38,000 sq ft Vacant possession Land area 60 000 sq ft Outline permission granted for 6-storey building with Balance 31 years basement carpark No ground rent 8 minutes to MRT Sole Marketing Agent 228 6894/6
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  • ASIA'S ECONOMIC SLUMP
    • 527 5 It's studying Chile model which controls inflow of fands rather than outflow AFP [MANlLA] Indonesia is considering measures to regulate the inflow of potentially destructive short-term foreign funds as the country struggles to rebuild from the ruins of the Asian turmoil, Jakarta's
      AFP; REUTERS  -  527 words
    • 346 5  -  Analysts see Jordan bank's bid to recover 1.2b baht in loans as an uphill tflgfc From, Harish Mehta in Bangkok THAILAND'S Tantipipatpong family which owns a major stake in the country's biggest bank, Bangkok Bank Ltd, has been sued by Jordan's Arab Bank in
      346 words
    • 287 5 Govt welcomes such investments in the sector, he says Bernama [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday hinted that foreign investors were already engaged in discussions to acquire equity in local banks. "I think there is some talk at the
      Bernama  -  287 words
    • 158 5 Bridge News [SHANGHAI] China s forex watchdog, the State Administration of Foreign Exchange (Safe), has offered firms a two-day amnesty to repatriate all foreign exchange earnings illegally kept abroad, the official Xinhua news agency reported yesterday. The Chinese central bank had earlier
      Bridge News  -  158 words
  • Page 5 Advertisements
    • 188 5 15 October 1998. The one day that could change the future of your company. Do you vrr. -trur* «v i*. <* 4m. know p HHr Now more than ever you need to lower business costs and get better information for decision making. The new Business Intelligence System from Oracle delivers
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  • THE REGION
    • 457 6  -  ASEAN ECONOMIC MINISTERS' MEETING Move will allow foreign investors same privileges as indigenous firms Reports from, Al Labita in Manila ASEAN economic ministers yesterday sealed a Singaporeinitiated framework agreement to spur greater investment flows from within and outside the region. Called the Asean
      457 words
    • 391 6 Backsliding will set back moves towards integration (MANILA] President Joseph Estrada yesterday cautioned some Asean members against reneging on their free trade commitment, saying it would set back the grouping's economic integration. "Given the interdependence of trading nations, any backsliding on our commitments would
      391 words
    • 376 6  -  Reviving the ailing economy has higher priority From, Ruth Wong in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday ruled out the possibility of an early election to seek a fresh mandate from the people and instead placed higher priority on
      376 words
    • 321 6 KUALA LUMPUR AFP US Vice-President A 1 Gore has urged the Malaysian government not to stifle opposition but Prime Minister Mahathir Mohamad told the Americans yesterday to mind their own business. In a statement, Mr Gore said "recent actions" in Malaysia suggested
      AFP  -  321 words
    • 143 6 JAKARTA AFP INDONESIAN authorities propose to earmark 961 billion rupiah (*****.3 million) to fund fresh elections promised by President BJ Habibie for next May, a report said yesterday. Home Affairs Minister Syarwan Hamid told a parliamentary commission the amount had been proposed
      AFP  -  143 words
  • Page 6 Advertisements
    • 177 6 K To take your mind off work after a rough week in the office, you need something that'll help you B I recharge for the week ahead. So we're bringing back Jay Leno, one of the most popular talk show hosts B B m in the US. But that's not
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  • REGION
    • 195 7 BEIJING AFP BRITAIN'S National Power signed a contract yesterday to develop a US$7OO million (Ssl.2 billion) coal-fired power station in the central Chinese province of Hunan, the company said in a statement. It said it also planned to take a 49 per cent
      AFP  -  195 words
    • 46 7 [PHNOM PENH] A Cambodian boy leaping into the Tonle Sap river near its confluence with the Mekong river in Phnom Penh on Tuesday. Although the rivers are now running high, there has yet to be any serious flooding. REUTERS
      REUTERS  -  46 words
    • 648 7  -  But HE gets HKssb IT fund, tourism commissioner, new bureau for hygiene Prom Loh Hui Yin in Hongkong A HK$5 billion (Ssl.l billion) fund to develop high-technol-ogy, taking direct charge of the ailing tourism industry, and a new policy bureau to oversee
      AFP  -  648 words
    • 389 7  -  Volcker, Murdoch, Toyoda among group of 15 business chiefs From Quak Hiang Whai in Hongkong THE Hongkong government yesterday appointed a group of distinguished international business and corporate leaders to advise the territory's chief executive on strategic issues concerning the long-term
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    • 135 7 HONGKONG AFX Asia CHINA is currently tightening controls over the use of a recent 100 bUlion yuan (Ss2o billion) treasury bond issue to help ensure this year's 8 per cent GDP growth target is met, Xinhua reported in a despatch monitored here. Seventeen
      AFX Asia  -  135 words
    • 531 7 TOKYO Legislation likely to go through with some opposition snpport Bloomberg AFP AFX-Asia JAPAN'S ruling Liberal Democratic Party yesterday presented to Parliament legislation that would inject public funds into solvent banks, measures that are expected to pass with the support of the second-largest opposition
      Bloomberg; AFP; AFX-Asia  -  531 words
    • 241 7 SYDNEY AFP THE Australian dollar surged more than 3 per cent to break the 60 US cent barrier yesterday for the first time in two months after a US investment bank said it was trading well below value. In its weekly report, Goldman
      AFP; Source: Bloomberg  -  241 words
    • 245 7 TAIPEI Reuters TAIWAN central bank governor Perng Fai-nan said yesterday his bank was looking into reports that some US$2OO million (*****.4 million) in funds from rival Communist China had flowed into local markets through dummy accounts. "We are watching closely if there are mainland
      Reuters  -  245 words
    • 662 7  -  CHDIA WATCH Latest crackdown will bring only temporary relief as long a* trade barriers and Industry Inefficiencies agist By Lu Ning SINCE President Jiang Zemin personally kicked off the highly publicised anti-smuggling campaign three months ago, Beijing seems to have
      662 words

  • REGION/WORLD
    • 523 8  -  Conflicting signals about the direction of interest rates are causing volatility From Neil Behrmann in London [LONDON] The London stock market is bouncing up and down like a yo-yo because of conflicting signals from the authorities about a possible cut in interest rates. On
      523 words
    • 388 8 LONDON Greater than normal operational risks in Dec 31 Jan 4 period, it says Reuters THE Bank of England (BOE) has warned the European Union of possibly massive financial market turmoil when the euro is launched next year and called on
      Reuters  -  388 words
    • 254 8 NEW YORK Bloomberg LEHMAN Brothers Inc yesterday cut its forecast for US economic growth in 1999 to 0.7 per cent from about 1.5 per predicted that 30yea#iTSl!reasurrbon2rfields w4L%U to 3.?s«e£cantliy the end of -next year. The problems facing the US economy and
      Bloomberg  -  254 words
    • 350 8 TOKYO Index confirms economy still stack in recession Bloomberg JAPAN'S index of leading economic indicators in August remained at 50.0 for the second straight month, confirming the economy lacks the strength to crawl out of its deepest recession in more than
      Bloomberg  -  350 words
  • Page 8 Advertisements
    • 166 8 I J :\4 .1 ('t- '.f r'' 4 1 <*' V t J 'i v*v 'v;* ;V' A K "M ">» f .*> ,5* •.< r t ,J ■','•< J .i i #V i m t f t > f f i 4* «i a 1 jf* f 4 A*
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  • Page 9 Advertisements
    • 217 9 For every square foot in JL l!_J One of the last few office developments in Raffles Place. Keppel Land s Offices, convenient access to all parts m of Singapore. you 3. mile 3,^.o^.^^^, features offer a highly efficient of privileges. Large floor plates to consolidate business operations and improve work
      217 words

  • IMF/WORLD BANK MEETING
    • 797 10  -  IMF may get USslBb of stalled US funds as Republicans reconsider opposition From Leon Hadar in Washington AMID new hopes of the International Monetary Fund (IMF) getting a much-needed US injection of the stalled US$lB billion (5530.1 billion) contribution, US President Clinton
      AFP  -  797 words
    • 589 10 Policymakers urged to pursue structural adjustment, growth, liberalisation Reuters [WASHINGTON] World leaders added more sombre tones on Tuesday to their gloomy picture of a troubled world economy, saying that the very fabric of the global financial system was at risk. US President
      Reuters  -  589 words
    • 251 10 Bridge News [WASHINGTON] US President Bill Clinton is privately giving his support to UK Prime Minister Tony Blair's call for an emergency summit of the Group of Seven (G-7) industrialised nations to stem global financial turmoil and the worldwide deflationary spiral, US government
      Bridge News  -  251 words
    • 506 10 LAT-WP [WASHINGTON] The president of the World Bank delivered an impassioned call on Tuesday for more attention and money to be devoted to the "human crisis" stemming from the turmoil besetting developing countries, warning that an excessive focus on "sound budgets" and "technocratic
      LAT-WP  -  506 words
    • 378 10 Members to share info, alert each other about dangers Bernama [WASHINGTON] Asean finance ministers have agreed to create a surveillance mechanism that will help countries in the region detect at an early stage "dangerous signals" that have the potential to ravage their
      Bernama  -  378 words
    • 722 10 Urgent need to boost domestic financial systems, he says Reuters Bloomberg [WASHINGTON] International Monetary Fund head Michel Camdessus on Tuesday unveiled proposals for preventing the sort of crises that have swept through Asia and Russia and for tackling them more effectively when
      Reuters; Bloomberg  -  722 words
    • 355 10 Bloomberg [WASHINGTON] Finance ministers of Mexico, India and other emerging market countries have expressed frustration at meetings of the World Bank and the International Monetary Fund that the spreading fear among investors threatens their growing economies. While recognising that banks, lending authorities and
      Bloomberg  -  355 words

  • EDITORIAL & OPINION
    • 766 11  -  THE BOTTOM LIME OPINION By Leon Hadar The writer is BT's Washington correspondent AN American journalist who was stationed in Moscow during the last days of the Soviet Union, recalled his experiences covering the collapsing Soviet Empire: It was obvious to everyone that the Soviet
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    • 121 11 'He was very focused. He was the consummate moderator. He even picked up all of our odd jargon.' Donald Tsang the financial secretary of Hongkong, on US President Bill Clinton after an emergency meeting of top economic officials called by Mr Clinton in Washington. The main view
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    • 644 11 EDITORIAL PIFTEEN months or so into the regional financial and economic turmoil, the full impact of the crisis is finally hitting home. After more than a decade of robust growth and more recently, after watching neighbouring upheavals with anxiety the Singapore economy is, by all accounts, headed
      644 words
    • 1430 11  -  Authorities cling on to free-market orthodoxy even as it is breaking down around them By William Greider William Greider is the author of One World, Ready or Not: The Manic Logic of Global Capitalism The Washington Post WE ARE not yet at a worldwide depression like
      The Washington Post  -  1,430 words
    • 854 11 Anwar must have fair trial IN THE Vietnam War era, Anwar Ibrahim was a student leader in Malaysia, admired for his magnetism, Islamic faith and intense nationalism. He spent 22 months in jail under a Draconian law left over from the British period. After he gained
      854 words

  • MOTORING
    • 404 12  -  Ven Sreenivasan [SINGAPORE] At a time when many carmakers are scaling back operations, German car giant Bayerische Motoren Werke is setting up a new manufacturing plant in Thailand to assemble BMW and Rover vehicles. Although the plant will initially produce vehicles for the
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    • 389 12  -  Byt Christopher Tan [SINGAPORE] Daimler-Benz plans to build 4,000 Maybach super-limousines a year, 20 per cent more than its rival Rolls-Royce Motor Cars ever made in a year. Rolls-Royce's best year was 1990, when it delivered 3,300 cars. A senior Daimler-Benz executive told BT recently
      FILE PHOTO  -  389 words
    • 397 12  -  The world's first mass-produced dual-power car will be exported to S'pore by the year 2000 Christopher Tan [SINGAPORE) PUMP prices will soon become less relevant. The world's first mass-produced dual-power car (or hybrid) is expected to debut here in the not-too-distant future. The Toyota Prius,
      397 words
    • 235 12  -  By Christopher Tan [SINGAPORE] The Ministry of Trade Industry (MTI) will meet oil company representatives today over allegations of price-fixing of petrol. "I don't think a price reduction is the objective," said a ministry spokeswoman. "We just want to look into concerns voiced
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    • 450 12  -  Sales will be hardest hit this year, falling 37.5% to 3.6 m units: EIU By i Christopher Tan [SINGAPORE] Vehicle sales in the Asia-Pacific region will take at least four years to recover to the level seen in 1996, when sales
      Source:  -  450 words
    • BUMPER to BUMPER
      • 138 12 DESPITE the economic crunch, this year's Singapore Motor Show will not be noticeably smaller than the record one held two years ago. Already, the entire fourth floor of Suntec City (the new venue of the show) has been taken up, and exhibitors are
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      • 83 12 NISSAN will incorporate anti-whiplash protection in a new luxury model to be released "in the near ftiture". The protection system is similar to ones currently used in Saabs and Volvos. A rear collision triggers the head-rest to move forward and upwards to support the occupant's neck—reducing
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      • 164 12 INJURIES inflicted during the deployment of an airbag often involve infants seated in the front passenger seat. In most cases, they happen at low speeds and are due to occupants seated too close to the dashboard. TO overcome this hazard, Honda has unveiled the
        164 words
      • 83 12  -  Compiled by i Christopher Tan SINGAPORE Petroleum Co (SPC) has joined traditional sponsors of local motor sports events such as Mobil and Caltex. The first SPC Autotest held in March this year at Kallang attracted 32 participants. Its next event will
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  • Page 12 Advertisements
    • 63 12 ait dj^ (janfckt c6l cucdtnt /> *qJU^PCP(XVt£tOVX W#*6t< tldi fluric^!. &*Jb ecca. v -ft ou ecort ■t& The Ritz-Carlton* MILLENIA SJNGARSRE I Surroundings reminiscent of an emperor's summer abode. The art of Cantonese cuisine, fit for a royal entourage. Please call 434 5288 for reservations. 7 Raffles Avenue, Singapore *****9.
      63 words
    • 38 12 The EIU report was written by Graeme Maxton, who will be in Singapore from Nov 16-18. He will be speaking at The Economist Conferences Third Roundtableon the Automotive Industry in Asia, to be held at the Shangri-La Hotel.
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  • Page 13 Advertisements
    • 167 13 Where to wine, dine and IS*** For a karaoke with a difference, visit Singsation Theme Karaoke with its 18 themed KTV rooms. Company functions can be held at its Main Hall or Corporate Hall too. Opening Hours Tuesday Friday 6pm to 2am Saturday 8C Sunday 3pm to 2am (Closed on
      167 words
    • 84 13 I CWE DT, IpR&HV I LEVEL 1 Daily A La-Carte menu. Western and local 4 IW r favourites chef s jA speciality top selling f I «/Sr Hainanese Chicken Rice, NJbW mjjE—/ Nasi Goreng Istimewa, etc. Function Room avaOable for private parties, company dinner and dance, conference, seminar and meeting.
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    • 21 13 ■i 11 1 pi i fqM I 9 J i I k i •JIT# 1 1 jI j r^Tij® > V > ■—I
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    • 81 13 Buy It. Sell It. Find It. Classified. CATS.] Call Today For Results Tomorrow. 1800-737-1166 T Tfg^KTiir'<> jgwwt 1 Enjoy your Dinner *j JL at affordable Prices^, AH With "Wine Roses Nra The Versatile Duet J from the Philippines! |g 8 Happy Hours. ■S spm to VOpm 1 1% One For
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    • 102 13 JML Mandarin Singapore "itdian Gastronomia Becomes an A w\ 6-12 October 1998 MI I The excellence of Italy will be in residence at Revolving Restaurant 39th floor 333 Orchard Road. Singapore *****7 Td 737 4411 Buffet Dinner 6pm to 10:30pm Mon to Sun $25* (Adult) $17.50* (Child) Luxuries like salmon
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  • Page 13 Miscellaneous
    • 806 13 TV&RADIO Fiaulm «i IS Wt? W 6.00 News 5 Today followed 4.45 The Great Wall of Chi- 1 ii :f»n7iT77o^^—^ by Wheel of Fortune. na. PM TV Innovations. The Pyramid Game. 5.15 Li Tribe of China. 4.00 Kidz Blitz: Sesame 7.00 News 5At Seven. 5.35 Snow White. 7.30 Home Improvement
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    • 290 13 CRYPTIC CROSSWORD ACROSS I I 3 E I fc E 1 Flying club for fashionable 7 Huge Spanish aunt demands old Roman port (5) I 1 I I I I 1 I 8 Smart golfers put their clubs Jg| |j|| ||p 10 National resources require I I careful management (7)
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  • EXECUTIVE LIFESTYLE
    • 610 14 Publishers, retailers say sales in S'pore have slumped by up to 50% as Asia's crisis worsens Reuters PEWER Singaporeans are clutching a book before they sleep as Asia's economic crisis bites deep into their pockets. Publishers and book retailers say sales in highly literate Singapore have
      Reuters; FILE PHOTO  -  610 words
    • 356 14  -  AUCTIONS Most paintings at 2 auctions go at bids within estimates "y Sian Jay [SINGAPORE] While regional interest in the art market is holding, soaring prices are a thing of the past, going by the results of the Christie's and Sotheby's auctions over
      356 words
    • 213 14 HEALTH Reuters [SILVER SPRING, Maryland] Doctors who advise the US Food and Drug Administration (FDA) recommended on Tuesday that the agency approve a drug used against the Aids virus to fight hepatitis B as well. The drug, Epivir, would be the
      Reuters  -  213 words
  • Page 14 Advertisements
    • 221 14 I LOOK! THE GREATEST FEATURES ARE INVISIBLE. The dual band GSM 900/1800 systems makes it easier to stay connected. -r» BB toD without any ireS K!!!!!^MBmmB« HI n SH 88 8 to your lap P onnects the En csson B®MiMiP|BHMB MM Si>. s ife- I The modem is built-in to
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  • COMPANIES & MARKETS
    • 512 15  -  Analysts say it's not certain the group will get the price it wants for the assets By' Wong Wei Kong [SINGAPORE] Neptune Orient Lines' plan to sell over half a billion dollars worth of assets to reduce its
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    • 483 15  -  BAMKING, IKDOM-LIMKED STOCKS RALLY Rally driven by old rumours and came ahead of news of UOB prime rate cat Ry\ Slow Li Sen [SINGAPORE] Bank shares raced ahead yesterday with DBS Foreign leading the charge. The rally was driven by various
      483 words
    • 744 15  -  HOCK LOCK SIEW Teh Hooi Ling AS recently as two years ago, the telecommunications and the property markets were seen as the virtually foolproof way to make big profits. Companies which wanted to inject a shot of modernity into their
      744 words
    • 297 15  -  IPO shares dne to begin 'when issued' trading tomorrow By Eugene Low {SINGAPORE] Ground engineering specialist PSL Holdings yesterday said its Ses-daq-bound public offer tranche of 1.25 million shares had been 21.5 times subscribed. The company said it received applications
      297 words
    • 474 15  -  VDH, Transmarco, LAM jump 36-62% on heavy volumes By\ Louis Beckerling [SINGAPORE) Indonesianlinked stocks returned to centrestage yesterday in what was seen as the tail-end of a multi-million dollar contratrade gambit. Stunning gains were put on by Transmarco and Van der Horst, which includes on
      Source: Bloomberg  -  474 words
    • REGIONAL COMPANIES
      • 794 16  -  Results, showing effects of recession, based on companies with Dec 31 financial year-end From Meera Tharmaratnam in Kuala Lumpur NET earnings of Malaysian companies fell 51 per cent in the first six months of 1998, showing clearly the impact
        794 words
      • 640 16  -  Bangkok Bank, Siam Commercial, Bank of Ayudhya slide deeper into junk bond status From Harish Mehta in Bangkok US ratings agency Standard Poor's yesterday downgraded the long-term ratings of three major Thai banks, sending them deeper into junk bond status. It
        FILE PHOTO  -  640 words
      • 375 16 Danamodal's move seen as crucial for economic recovery Bloomberg [KUALA LUMPUR] AMMB Holdings Bhd, United Merchant Group Bhd and other Malaysian banks and finance companies soared yesterday after the country said it will pump 3.3 billion Malaysian ringgit (Ssl.s billion) into
        Bloomberg  -  375 words
      • 534 16 Outcome of talks to be announced later this week Bloomberg [KUALA LUMPUR) Renong Bhd, which posted one of Malaysia's biggest losses in the year ended June, is meeting its bankers to reschedule about 7 billion Malaysian ringgit (Ss3.l billion) in debt, sell
        Bloomberg  -  534 words
      • 233 16  -  By\ Marissa Chew [SINGAPORE] Taiwan-based Eastern Asia Technology Pte Ltd (East Tech), a designer and manufacturer of acoustic products, yesterday said it had received in-principle approval for a mainboard listing on the Stock Exchange of Singapore. The company started in Taiwan in
        233 words
      • 230 16 Bloomberg [KUALA LUMPUR] British Telecommunications pic has completed its purchase of a third of Binariang Bhd, Malaysia's third largest phone company, for 1.8 billion Malaysian ringgit (***** million) in cash. This is the British telco's first major acquisition of a full-service
        Bloomberg  -  230 words
      • 227 16 AFP [JAKARTA] Mexican giant Cementos Mexicanos (Cemex) SA wants to buy a stake of up to 25 per cent in Indonesia's state-run cement firm PT Semen Gresik instead of the 14 per cent it was offered. Semen Gresik president Urip Timuryono
        AFP  -  227 words
    • INTERNATIONAL COMPANIES
      • 419 17 Company is also on track to meet fourth-quarter profit expectations Bloomberg [SCHAUMBURG, Illinois! Motorola Inc shares rose as much as 15 per cent after the world's third-largest semiconductor maker said indus-try-wide chip sales will rise next year and it's on track to
        Bloomberg; Source: Bloomberg  -  419 words
      • 282 17 It will market the system to other phone companies too Bloomberg [PARIS] International Business Machines Corp and France Telecom, Europe's third-largest phone company, agreed to develop software and services to bring Internet access to the 35 million users of the French company's
        Bloomberg  -  282 words
      • 322 17 Bloomberg [MUNICH] BMW AG, Germany's second-biggest carmaker, said it is recalling 2.4 million cars around the world that were built between 1988 and 1994 because of a faulty cap on the cooling system. The company's shares fell as much as 9.8
        Bloomberg  -  322 words
      • 203 17 These will allow home PC users to link to networks on regnlar phone lines Bloomberg [MURRAY HILL, New Jersey] Lucent Technologies Inc said it will use technology from Tut Systems Inc to make new computer chips that will let consumers link their personal computers to
        Bloomberg  -  203 words
      • 321 17 Fears that software maker's USsl.6b price is too high Bloomberg [MOUNTAIN VIEW, California) Veritas Software Corp shares plunged as much as 44 per cent on Tuesday on concerns that the maker of software to store and recover computer data may be
        Bloomberg  -  321 words
    • FINANCE & COMMODITIES
      • 425 18 Bond and emerging markets staff seen taking brant of the loss of 2,ooojobs Bloomberg [NEW YORK] Merrill Lynch plans to fire up to 5 per cent of its traders, analysts and investment bankers, eliminating about 2,000 jobs, as
        Bloomberg  -  425 words
      • 244 18 First tranche of Asloom willbe issued on Oct 15 AFX-Asia [SYDNEY] The lending division of National Mutual Holdings Ltd said yesterday it has launched a Asl billion (Ssl billion) domestic commercial paper programme. Its lending division intends to issue the first tranche
        AFX-Asia  -  244 words
      • 392 18 Central bank to make good on debts of investment firm AFP Bloomberg AFX-Asia [BEIJING] The People's Bank of China (PBOC) yesterday said it had approved the closure of Guangdong International Trust and Investment Corp (Gitic), one of the country's major conglomerates. "I can confirm that
        AFP; Bloomberg; AFX-Asia; REUTERS  -  392 words
      • 183 18 Bloomberg [NEW YORK] ContiFinancial Corp, a home equity and mortgage lender, said speculation that it will shortly file for bankruptcy are false. "These rumours are false," New York-based ContiFinancial, which has fallen 89 per cent from its 52-week high in April, said in
        Bloomberg  -  183 words
      • 250 18 AFP [SHANGHAI] China Eximbank is due to issue six bUlion yuan (Ssl.2 biUion) in commercial bonds starting later this month, the Securities News reported yesterday. Funds raised through the issue wiU be used to bolster loan support for Chinese exporters, who have
        AFP  -  250 words
      • 137 18 Bloomberg [NEW YORK] Oscar Capital Management, which has more than US$4OO million (Ss66B million) invested in large-capitalisation US stocks, lost about 35 per cent of net assets so far this year. The hedge fund, open to wealthy individuals and institutions, is well capitalised
        Bloomberg  -  137 words
      • 198 18 kimhk Jjeport MS& Singapore Index Jardine Fleming THE MSCI Singapore Index futures rallied with stock markets in Australia, Hongkong, and Seoul, on the back of an upsurge in Japanese share prices. The October futures contract opened at 138.00 and made an early low
        Jardine Fleming  -  198 words
      • 158 18 MSCI Taiwan fatnres Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose 9.40 points yesterday, in line with the stock index which edged up 140.24 points, on optimism that lower interest rates in Taiwan will encourage investment. Asian stock markets, on the whole,
        Refco Singapore  -  158 words
      • 307 18 ENERGY REPORT Reuters [LONDON] Oil prices slumped yesterday as the market sent a message to producers that it had no fear of a supply crunch even with one fifth of Opec producer Nigeria's crude oil output taken out by protesters. November futures for world
        Reuters  -  307 words
      • 288 18 Bridge News AFP AFX-Asia London THE knives were out for US dollar/yen yesterday as it slumped to eight-month lows in one of the most volatile sessions in recent memory. News that Japan's ruling Liberal Democratic Party had submitted its financial revitalisation bills to the Lower House and hopes
        Bridge News; AFP; AFX-Asia  -  288 words
      • Article, Illustration
        1271 18 INTERBANK CROSS RATES Oct 7 —j M C$ tab ECU Ffr Dw H« Ml» taptofc tw »on Ml llRPitb Nw S$ tart Sir MT$ M»t f>wmd US$ L Awtraia 0 9H 6.178 0 500 1301 0 984 4 691 ISMS 58 284 0 777 8.363 UOk 120******26.450 1013 3.627 OM»
        1,271 words
    • 1919 19 SI COM FUTURES 'wr RUBBER (Mufti cto$W9»$ it 5.30pm) RSS 1 CONTRACTS cwitsAq) Close Volume Open Mowtb High Low Sott (tonnes) Interest Nov 98 123.00 122.50 123.00 300 1525 Doc 96 124.00 1600 Jon 99 124.50 124.50 125.00 600 625 Fob 99 126.50 650 Mor 99 128.75 128.75
      1,919 words
    • 2281 19 LONDON Mvstrtats Oct 7 Nect *h 31 Group 491.000 -10.000 AB Ports 265.000 5.000 Abbey National 956.000 -2.500 Allied Oomecq 426.600 5.600 Amec 164.000 2.600 Aide Group 164.600 -5.800 BAT tad 510.000 12.000 BG PIC 389.600 -4.800 BICC 62.000 3.000 80C Group 725.000 -8.400 BR Petroteum 857.000
      2,281 words
    • 1632 19 Bloomberg Q Nikkei 225 ****** JAPAN'S key stock index recorded its sharpest rise this year as the government hammered out the final details of legislation to bolster banks' capital and began work on a new economic recovery programme. Bank of Tokyo-Mitsubishi Ltd and Mitsubishi Estate Co led the rally
      Bloomberg  -  1,632 words
    • Article, Illustration
      1472 20 Reuters QHangScag +180J8 STOCKS closeds sharply higher yesterday on surging markets in Japan while investors waited for clues from Chief Executive Tung Chee Hwa's annual policy address, brokers said. The Hang Seng Index climbed 180.18 points to finish at 7,744.72 after hitting a high of 7,829.58. "Part of the
      Reuters  -  1,472 words
    • Article, Illustration
      665 20 Reuters CI Shenzhen B Index -L9B THE Shenzhen B Share Index closed sharply lower yesterday due to the recent poor performance of stock markets globally, analysts said. The hard currency B Index slid 1.98 points to 64.39 on turnover of HKSI6 million compared to HK$l2 million on Monday. There
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  665 words
    • 346 20 AFP Qwpinto +140.24 TAIWAN share prices rose 2.1 per cent yesterday on strong buying by govern-ment-linked funds as the local currency rose against the US dollar, dealers said. The Weighted Price Index moved up 140.24 points to 6,674.89. "The rise was triggered by capital flowing into the stock market
      AFP  -  346 words
    • 262 20 AFP n Wellington *1(191 STOCKS yesterday closed up 0.6 per cent despite a note of caution by the central bank on monetary conditions. The NZSE-40 Index was up 10.91 points to 1,715.88 on good turnover of NZ$99 million. Telecom Corp fell two cents at NZ$7.4B. Brierley Investments Ltd ended
      AFP  -  262 words
    • Article, Illustration
      776 20 AFP Q SET Index +15.09 THAI shares soared yesterday, gaining 6.1 per cent as foreign institutions waded into the banking sector on the back of strength in major markets around the world, analysts said. "I think the main factor was the positive sentiment generated on overseas markets as well
      AFP  -  776 words
    • 416 20 AFP fi Composite Index +5-24 SHARE prices ended 1.7 per cent stronger yesterday as Japanese stocks and the yen surged while easier domestic money rates buoyed the market, dealers said. "The market was buoyed by positive leads both from outside and inside the market," a Korea Stock Exchange official
      AFP  -  416 words
    • 585 20 AFP rl All Ordinaries +49 AUSTRALIAN share prices gained 2 per cent yesterday on the back of strong gains in Japan, brokers said. The All Ordinaries Index rose 49 points to 2,540.2. National turnover totalled 289.50 million shares worth A 51.03 billion. The All Industrials rose 83 points to
      AFP  -  585 words
    • Article, Illustration
      716 20 AFP n Composite Index +aO6 INDONESIAN shares closed 3.1 per cent higher yesterday amid rebounds in regional markets and on the back of a stronger rupiah, dealers said. A dealer with a European brokerage said regional market strength, combined with improved domestic sentiment, pushed shares higher across-the-board. She said
      AFP  -  716 words
    • 309 20 AFP Q Manila +42^9 SHARES rose 3.6 per cent yesterday due to the strength of the local currency and the Japanese yen, analysts said. The Composite Index rose 42.59 points to close at 1,212.75 points. Volume rose to 377 million shares worth 729 million pesos. Philippine Long Distance Telephone
      AFP  -  309 words
    • KUALA LUMPUR STOCK MARKET
      • 8474 21 —timii Consumer products 1990 Lest Vol Day N«t Cap W<« Lew CMfWf 8H> *000 UN* L— P/t >■! JIO 170 Aimomoto 205 11.3 83.1 148 15 Angkesa 54 1 36 55 53.5 79.6 290 123 Apollo Food Hlg 196 1 6 200 196 6.8 78.4 188 108 Berjaya Land 131
        8,474 words
      • 415 21 AFP Q Composite Index -155 MALAYSIAN share prices ended 0.9 per cent lower yesterday as investors cashed in after sharp gains a day earlier, dealers said. The Composite Index closed at 370.90 points, down 3.55 points. The Second Board Index shed 0.24 of a point to
        AFP  -  415 words
    • WARRANTS & OPTIONS
      • 2583 22 BONOS, LOANS WARRANTS vrt 1998 Last Vol Day Last Oust* Avg High Loo Stno Company Solo ♦or- I'OOO) High Low Buyor Sollor Prko 20.5 3 3160 A Acor ******1 USS 4 -45 95 4.5 3164 Ac mo ******4 5.5 *0.5 170 5.5 5.5 5.5 6 5 3161 AIIToch ******7 28.5
        2,583 words
      • 229 22 HONGKONG STOCKS Cr Gt *998 Last Va» Day Last Oust* CMv D«v YM Net m Cap High Law Stnc Coma any Saw COOO) High Lav Buyar Sa*ar C*vr P/E $mn 400 250 5123 COL *****) MK 400 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_.
        229 words
      • 189 22  -  WARRANT WATCH -By] R Sivanithy ONE of the lower-priced, longer-dated warrants in the local market is that issued by Uraco Holdings. Given that buying time is one of the main considerations when looking at warrants, a review of its numbers is in order. Uraco's
        189 words
    • 6646 23 TVafuactiondatc^ Cr Cr M Wt 1994 Last Vol Day Last Oust* Dtv Dlv YM Nat Cap Avg High Law StHa Campany Sail COOO> HUH Law Buyar SaMar C'»r H F/t SmM Frtca I MULTI-INDUSTRY n 142 49.5 m t 1000 Acma 50c. 54 id
      6,646 words
    • 1245 23 Of or mm >998 Lest Vol Day LastOuete Dtv Dlv Yld Net Cap Ayg HH> L— WNl Company Sale rOOO) MM> L— >■>«« Mir Or Wl >■! Wm MANUFACTURING 243 30 2049 AS Auto 10c 66 5 +2.5 *522 67 64 65.5 66.5 15.0N 7.0 2.3 6.3 75.9 65
      1,245 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        385 24 StoclH Volun* Van der Horst 16,193,000 SembCorp 25c 11,219,000 UM50C 8.581.000 ST Engg 10c 7,621.000 TAC BtIO 200 7,094,000 Transmarco 6,726,000 Asia FoodiProp 6,624,000 Keppel Corp 5,950,000 OUB Foreign 5,279,000 SM Summit 10c 5,170,000 Stocks DBS Foreign 22.484,190 SembCorp 25c 14,223,740 OUB Foreign 12,527,310 SIA Foreign 12,504.984 Keppel Corp 12.237.164
        385 words
      • 691 24  -  STOCK MARKET COMMENTARY Banks, properties shine, bat Indon-linked stocks saw best returns amid renewed interest By R Sivanithy [SINGAPORE] Local blue chips enjoyed one of their best sessions in recent weeks yesterday, spurred by a sudden recovery in Japanese shares, a
        691 words
      • ON THE GRAPEVINE
        • 87 24 Ten reasons that the Titanic was actually a derivative: ♦The downside was not immediately apparent ♦It went underwater rapidly despite assurances it was unsinkable. ♦Only a few wealthy people got out in time. ♦Thestructure appeared iron-clad. ♦Nobody really understood the risk. ♦The disaster happened overnight London time. ♦Nobody
          87 words
        • 64 24 AMIDST all those calls for training and re-skiUing, it's nice to know that the government fervently practises what it preaches. The Economic Development Board is apparently sending some staff for an in-house course—not on stuffy stuff, but on the bestseller, Seoen Habits Of Highly Effective People by
          64 words
        • 128 24 AFTER the property glut we may now see an oversupply of polytechnic lecturers, at least in the business faculties. Apparently, the polytechnics are receiving a flood of applications from retrenched financial professionals seeking the relative safety of teaching jobs. While this flow of practical experience may
          128 words
        • 81 24 THE unending round of retrenchments in the financial sector is giving way to all kinds of speculation and paranoia, and A ,-y, n nnnnn in i ninn n n nccQivSS to say, uiin6Ccss3ry str6sB. un6 analyst said he felt rather uneasy when one of the
          81 words
        • 71 24 liness is bad, anything goes to necash. AJfro Pte Ltd, a freight is hawking four of the chalets to its customers. Its i>iww Xj>lJ iL/|4 f— 11, rl J y, n If were tola mat for j chalets in Nongsa Point tam, are for rent
          71 words
      • Article, Illustration
        61 24  -  by Shiv Taneja OVERSEAS Union Bank's foreign tranche closed 17 cents higher yesterday at $2.42 on a volume of 5.3 million shares, compared with its 10-day traded average of 4.3 million shares. In the near term, the stock is expected to trade sideways.However, longer term, there could be
        61 words
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      91 words
    • 14 16 Buy It. Sell It. Find It. Classified. Coll Todoy For Results Tomorrow. 1800-737 1166
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  • Page 17 Advertisements
    • 287 17 4/J^kFn §XSReSEN&. *tßHftflH i < 1 4g -mh jHߧfeml Sony ■I BH: fe -!&m& |Hjp I HK H E I IUfIH K _SM HH|. s x s^^ %k *1 Hi |k Jhl w r r-v 0 4^Hl 1 B Tg Introducing Sony's new Digital Handycam, the DCR-PCIE with Carl Zeiss
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    • 85 22 BUSINESS Xot ic< 'S luiKhi-rlisi' c;ill toll-l'rvc IXOO-741 INX3I Factory At 43 Genting Lane Lot 6008 Mukim 24 3-storey factory building with mezzanine office Land: Approx. 6,432.6 sq. ft. Building: Approx. 10,000 sq. ft. Tenure: Estate in Fee Simple Vacant Possession \X Conditions of Tender may be collected from:M/s Khattar
      85 words
    • 14 22 Buy It. Sell It. Find It. Classified. CAT.S. 1800-737-1166 Call Today For Results Tomorrow.
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  • Page 24 Advertisements
    • 594 24 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 «an 8 a ilk« »*m si SINGAPURA BUILDING SOCIETY LTD NOTICE IS HEREBY GIVEN THAT THE TWENTY-NINTH ANNUM GENERAL MEETING of Hie Company will be held at 391 A Orchard Rood, Tower A, #26-00, Ngee Ann City, Singapore *****3 on 23 October
      594 words
    • 275 24 Sh Be one of our 3 lucky winners to win a return air ticket v to USA, London or Australia when you subscribe -J y to The Straits Times Weekly Edition for a 1 minimum of 6 months. Subscribe for 12 months and you will receive 2 chances in W?
      275 words
    • 83 24 HE v 3 and we'll help you enhance your company profile Corporate celebrations are opportunities 2 to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout
      83 words

  • SHIPPING TIMES
    • 330 25 Bridge News Reuters THERE were few changes evident in most areas of the market with rates still strong for Asia Panamaxes, uncertain for Atlantic loaders while the Great Lakes remained one of the firmer areas for handy bulk carriers. Biffex fell back in thin trading, dropping 20 points
      Bridge News; Reuters  -  330 words
    • 297 25 sts 000 oar m Cwt Distribution 0.28 *0.03 n ChuanHup 0.34 -0.01 276 Cosco Invastmant 0.39 unch 12 Fraight Links 0.1S *0.015 2440 CP Holdings 0.205 Hai Sun Hup 0.305 *0.015 194 Hitachi Zostfi 0.50 unch 21 hnc Moldings HK 5.60 Jaya Holdings 0.425 *0.015 2 Jurong Shipyard
      297 words
    • 459 25  -  Shippers' council not making headway with conferences on rate hikes Reports by) Marcus Hand [SINGAPORE] The Federation of Asean Shippers' Councils (FASC) 21st Annual General Meeting (AGM) ended yesterday with renewed calls for consultation between shipping lines and shippers over freight rate increases, and if
      ARTHUR LEE  -  459 words
    • 222 25 [SINGAPORE] The implementation of a free trade zone among Asean members and the huge potential of the Ecommerce market are expected to boost shipping trade in the region, said Minister of State for Communications, John Chen. He said that despite
      222 words
    • 691 25  -  HEWBUILPS By David Hughes SOME very specialised vessel types are included among this week's newbuilding list. Maersk Line's latest reported order is at the every top end of container size range, though the precise TEU capacity still seems to be a matter of speculation. The
      691 words
    • 378 25 [SINGAPORE] Taiwan will open up the shipping business fully to foreigners in January to meet conditions for entry into the World Trade Organisation (WTO), a transport ministry official said yesterday. "In compliance with the world trend, Taiwan has to continue to open its
      378 words
    • 360 25  -  By) Marcus Hand [SINGAPORE] A group of Singapore and regional-based feeder operators serving the South Indian port of Madras are imposing a congestion levy for an indefinite period from Oct 20. An operational cost recovery (OCR) charge of US$3O (5550.40) per
      360 words
    • 639 26 PACIFIC FORUM LIME Shipping line leaves controversy in the past to become a successful venture AFP [AUCKLAND] A shipping company which once filled the headlines with bitter political controversy is marking its 20th anniversary satisfied that these days few people know much
      AFP; FILE PHOTO  -  639 words
    • 338 26 Lloyd's List WESTPORT at Port Klang, the fastest growing container port in Malaysia, is set to get a major boost in its efforts to become an important hub port when block trains are deployed at the end of the year to serve the port
      Lloyd's List  -  338 words
    • 227 26 PACE Dei mas 4 ACL 6 OH* Uoyd 8 ANL 3 Oongnama 3 8 Accord 5 ECL 5 Appenship 5 *wgreen 6 i Astro 3 Foo Sun 8 Austral 8 6Unk 4 7 Gemartrans 8 B'tanq Mas 8 H4iSonHup 8 CCNI 7 H ,i CMA 8 3
      227 words
    • 16626 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Nam* Name Number Number HBNMMMMHHMNMMNIMNMMMHMMHNaMMOTHMMNM MHMMMMHNMaMMNKMMMMHHMHMMMMaHMaSB&MI To BRISBANE (BNE) 2058 Australia To ABIDJAN (ABJ) 2003 Cote D'lvoire l7/w 28/10 anl kasuoai os *5-*****55 15/10 22/n
      16,626 words
    • SHIPS IN PORT
      • 707 36 v SMl Voy No Berth Arrival Departure Pwtau *****8- Jem JfO alonqsid* 07.10/1700 H**" J" alongside 09.10/1400 !"2* C oril 1A J22 alongside 0910/0600 fj »<*98 JOI alonqside 0610/0900 "0CT7 JOI alongside 0710/2359 8 *****8 J01 alonqsid* 08.(0/0900 81 Sumter Us *****8 JOI alonqsid* 07.10/2000 WS«r« *****8 JOI
        707 words
      • 1762 36 BFCFIVIKC ftp rYDftDT rri fAtlTliurnr >un i Book Ing/Ba Unco Rstls Ship Voy No Etb/Btr Period Fro* To From Aci Maonoix 0020 10/1500 I* 07/800 07/85* 07/1*00 07/1500 07/85* 07/1900 2* 07/1700 OI/OtH 00/0900 J» 07/1700 00/0*5* 00/0*00 I 00/0700 ot/im m/moo <_ 00/1200 00/145* 00/1700 A4«M».2 0276*
        1,762 words
      • 191 36 Oct 10 Japan: Sport s Day. Taiwan: Double Tenth National Day. Out 12 Canada; Thanksgiving Day. Mexico: Columbus Day (optional). Spain: Natinal Day. United States: Columbus Day. Oct 10 Malaysia: Deepavali. Singapore: Deepavali. Oct 23 Thailand: Chulalongkorn Day. Oct 20 Austria: National Day. Ireland Republic Of: October Holiday.
        191 words
      • 973 36 THIS report, compiled by Cockett Marine OU Lid. shows price ran** In US dollars Instead of single prices for a more comprehensive description of die market Prices shown are based on sverwsiaed stem Market movements are Indicated The Cocfcett Bunker Price Index change and the individual
        973 words
      • 525 36 -t. r~r mm »w.u u ii.i u.i ju uui 22J D«n>ity Water tesldMe Art Aturtwlum Sediment No above E25 1 4 12 3 3 0 380 Ave 987.6 0.3 16.0 0.07 28 0.03 ■e/w.1 t,M 380 Mil 996.0 0.9 19.8 0.12 154 0.H %l ■"<*•« Wo
        525 words
    • AIR & LAND TRANSPORT NEWS
      • 408 37 Carrier's labour pact with onion may pave the way for entry of new investors [MANILA] With the pre dawn takeoff of Philippine Airlines flight 123 to the southern city of Zamboanga, Asia's oldest commercial carrier yesterday completed its resurrection from near financial
        AFP  -  408 words
      • 246 37 AFP [JAKARTA] Indonesian flag carrier Garuda Indonesia is projecting a US$4l million (5568.8 million) loss for 1998, a newspaper said yesterday. Garuda president Robby Djohan said the airline would finish the year in the red despite August's extraordinary performance when it reaped a
        AFP  -  246 words
      • 66 37 [DETROIT] General Motors chairman John Smith, Jr (centre) with G Richard Wagoner, Jr (teft), GM president and chief operating officer, and Louis Hughes, executive vice-president of new business strategies, after a press briefing. GM announced the creation of a single, unified global automotive organisation at
        REUTERS  -  66 words
      • 392 37 Bloomberg [SEATTLE] Boeing Co has replaced the head of a unit set up last year to build new avia-tion-related service businesses, raising concerns about an effort that analysts expected would generate billions in annual sales. Larry Clarkson, head of the unit dubbed
        Bloomberg  -  392 words
      • 265 37 Bloomberg [STUTTGART, Germany] Daimler-Benz AG expects US car sales growth to stagnate next year, while sales of its Mercedes-Benz cars rise, increasing the luxury carmaker's share of the world's biggest market. Chief executive Juergen Schrempp told analysts that the German company's
        Bloomberg  -  265 words
      • 339 37 Bloomberg [PARIS] Air France said negotiations with pilots are "ongoing," dismissing a report that said unions were prepared to agree not to strike for seven years and take a lower-than-expected 5 per cent stake in the airline. Europe's third-largest airline is
        Bloomberg  -  339 words
      • 351 37  -  Ry\ Felix Chan [SINGAPORE] Singapore Airlines (SIA) will unveil separate bilateral partnerships with Star Alliance carriers United Airlines and Scandinavian Airline System (SAS) in the coming weeks, fuelling speculation on the carrier's impending membership in the global grouping. Senior officials from SAS
        351 words
      • 258 37 AFX-Asia [PARIS] The four partners in the future Airbus joint-stock company have yet to discuss valuation of their assets and the new grouping's overall structure, Airbus Industrie chairman Noel Forgeard said. Mr Forgeard told an industry seminar the four partners Aerospatiale, British Aerospace
        AFX-Asia  -  258 words
      • 160 37 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp said its September passenger traffic dropped 68 per cent as a 15day pilots strike left the airline's operations hamstrung. St Paul, Minnesota-based Northwest, the fourth-largest US airline, flew paying passengers 1.96 billion miles in September, down from 6.05
        Bloomberg  -  160 words
      • 1846 37 FUBff CTA flKHT Bl LH788 0835 IH6375 1345 AdoWdo BA7381 1930 BA7382 2055 S***** 0835 S0326 1345 0F81 1930 Of82 2055 LH778 1610 0f05 2235 AN8229 2220 ««578 1610 LH6373 2350 $0229 2220 S***** 1610 S026 2350 Amsterdam K1843 0450 KL838 2300 0f06 1845 LH77 23
        1,846 words
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    • 22 25 Pacific Forum l-i«» marks 20 years by paying dividend Shipping line leaves controversy in the past to become a successful venture. Pa«e2
      22 words
    • 70 25 PAL takes off again with 19 domestic flights Carrier's labour pact with union may pave the way for entry of new investors. Pag© 13 ♦The air and land transport news and aircraft arrivals and departures are on page 13 Sailing Schedules, to Asia More, j Any destination, any time. 24
      70 words

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    • 715 26 I SUPER SHUTTLE EXPRESS ■——J I |OULF KARACHI EXPRESS (QKX) WIN* in VESSH YOY JEA DON MM MO KAR cot rvT (TO HONGKONG 20W530 23/09 11/10 P4O NEDUOYD DAMMAM 311 13/09 25/00 15/00 17/00 01/10 M/ 10 10/10 11/10 OOCICMNA 24W540 07/10 25/10 POO NEDUOYD BAHRAIN 071 30/00 02/10 02/10
      715 words
    • 714 26 T L^ l &Se TrTTT Members of the by Members o» the Registry o» r~ m w.l Singapore Freight Forvwders Accredited Shipping Agents Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess Lily WS9N 13/1® 15/1# 22/11 Princess LUy V 6698 K/U
      714 words

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    • 1144 27 SAX SERVICE (DIRECT) Ivcsa voy swra uu mk I mi 1 hou ch ax mem mi nyc autommnauni gg oy/»o 22/10 27/10 26/10 27/10 26/10 27/10 27/10 28/10 a/10 AHIACI 0061 14/10 29/10 02/11 02/11 03/11 09/11 10/11 10/11 11/11 11/11 uncmsr oo6t 21/10 05/11 09/11 09/11 10/n 09/11 10/11
      1,144 words
    • 1989 27 HANJIN SHIPPING HAMJM SMfFING (S) PTI LTD //wm. <mm mm lOOUNC J2M*****7 SAIfS J*****4 230 OOCUMfKT *****71 274 Of9AHOK *****41 25? NUN INK *****55 Ml 272WM a **********N TO NW USA A CANADA USA CANADA* mvtt/vor I oam Ism umhmi/vot «T~| nw dm [""pw oi Isp St on iui pS
      1,989 words
    • 413 27 >■ .i»TM]|pTM»7TTTTnyw^yrM Vtssa VOY SM PK6 WY SIM JIG SL USD PUS EEL Ji_ "ff W Jff 1 KMTC HONGIONG 007S 04/10 04/10 ***** 07/10 11/10 11/10 15/10 14/10 ffijo ftflnKußS MK Sh KMTC niSAJI 013S W/10 14/10 11/10 20/10 11/10 tMTf gRUHG li« lf/10 KM QMS 8710 "SM] MOMttMA
      413 words

  • Page 28 Advertisements
    • 1390 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VtSStL VOY SIM LEH RTM AMB HAM BUY HX VESSEL VOY IST" Off SPt FOS W.C WTW TMOE ETERNITY WQO44 09 10 30 10 11 10 2*lo 30 10 01 11 JAMIIJEMATOB WMS44 00 10 »10 27 10 2010 31 10 07 11
      1,390 words
    • 969 28 p i! MAC-lIELs S'PfIRE wm I uTTTTh Carrier: MN CONTR LINES, INC p.gu0ang.(07)*****26 M\y J G* 1»>067B0000« SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P-KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (062) *****1-3 WEEKLY CONSOL TO PASIR GUDANG MV
      969 words
    • 636 28 S>!JESSELTON LINE 1 5SS t Till 2****** FAX: 19U113 MUARA LABUAN vissa voy m ru nssa vor m m SPOK MUARA SPOtE LM SIIAITS HOP! V7S/98 04/10 11/10 STtAJTS HOPI rtm/H 04/10 14/10 CAKAKAMK-32 VI4I/W 11/10 li/10 CASAKAJNK-37 VI4I/44 11/10 17/10 SWAITSMOPf V 791/90 20/10 21/10 STRA/TS HOP! VJ4I/10 20/10
      636 words

  • Page 29 Advertisements
    • 1469 29 [vessel voy sin pou pko pen pqb pub shj ba I BIK I IRAN GHEYAMAT PJL 1307 18/10 30/10 01/11 07/11 IRAN VAHDAT PJL 1317 14/10 16/10 24/10 25/10 26/10 Po6= Mina Qaboos DUB Dubai. SHJ Sharjah, BA Bandar Abbas, BIK Bandar Imam Khomeini ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS
      1,469 words
    • 2018 29 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****09 OUTWARD (l/L) "^T2OsIor ,l To!!oMOfSa!™™™^™ ,^^™™l COSTAR SHIPPING PTE LTD #17-08 DBSRLDG SALES/BKGS *****57/60 INWARD DEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD I(R NO: *****89Q000M TOWER TWO
      2,018 words
    • 664 29 EASTERN CAR UNER, LTD.'*Si SS2.r l LU iq (SINGAPORE) PTE UP JSSSL 1 SPECIALIZE IN RQRQ HEAVY LIFT UPTO 450 TONS ECL (SINGAPORE) PTE LTD LOADING FOR COLOMBO/CHITTAGONG/YANGON I YANOON/HALOIA/CALCUTTA MV "OCEAN BLUE" V.62 MV "OCEAN LEO" V.13 ETA SN 09/10/98 ETA OB 15/10/98 ETA SIN 11/10/98 ETA YGN 16/10/98
      664 words

  • Page 30 Advertisements
    • 1351 30 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG TMP ZEE LHV LHV TMP ROM ANW HBG PKL SGP I E DEVOTE RW 003 It/10 30/10 04/11 31/10 02/11 03/10 04/11 E REACH RE-070 17/09 10/09 18/09 21/09 22/09 15/10 15/11 E OEVEIOP RW 003 17/10 00/11 11/11 07/11 09/11 10/11 11/11 E ROYAL
      1,351 words
    • 1004 30 ADVANCE CONTAINER LINES (PTE) LTD API 140 Cecil Street, #12-00, PIL BuHding, Singapore *****0 Mw la I TEL: *****21, FAX *****19, TELEX RS ***** ACLPL —CR NO. **********0E OPERATIONS: *****6 a *****05 BANGKOK I JAKARTA (Wtrtly i Sl»» POTn »lfl LCH/1 »H MIT) (j SaihngiAV.oi Vtsstl VOY SX IKK vissa
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    • 632 30 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA wssa 1 vor I six piu I duu |jm err |»q mmptwoss vow 13/10 77/10 30/10 31/10 mmiQuffn V.030S if/10 a/10 01/11 04/n" 05/11 01/11 'UOTAIDKAGOW VQQ9S 27/10 05/11 09/11 "jjgjjgg V.O?SS 03/11 14/11 m ~WU~~ mmvßws VQ3OS 11/11 20/11 74/11
      632 words

  • Page 31 Advertisements
    • 461 31 BSA jl 1 Wtm MYANMA pBBk FIVE STAR LINE (Myanmar National Liira) Loading for Yangon (Rangoon) VESSEL VOY SIN PKI PEN PGU MAWLAMYINE SOW SID PWYA is; 10/10 MALAYSIA AGiNTS: BOUSTEAD SHIPPING AGENCIES XUL TH (03) *****00 PKL: TEL (03) 376*101 PfN: TH (04)2*1240] PGU: Ttl (07) *****21/4 BANK LINE
      461 words
    • 1609 31 HMM^ HYUNDAI MERCHANT MARINE CO., LTD. Ivissa voy |sm sou leh |wm I ant I ham Iwv m [vessel voylsoul leh rtm ant ham brv hli ai i OK S49W 08/10 24/10 31/10 28/10 29/10 DANUBE S4OE 14/04 19/09 14/04 17/04 08/10 NOl IRIS 005W 04/10 24/10 31/10 28/10 28/10
      1,609 words
    • 992 31 norv«eg<on ipeoofcred aotocomen V£, ®S@®S Wilhelmsen Lines TO NORTH AND LATIN AMERICA "*ORO HEAYYUFT SERVICE" [VESSEL VOY RAMP HEIGHT SIN I LAX C3tL MIA SAV ML Otf NYC HEW MOO TEXAS F420 400 Tm* 6.3 M 13/10 09/11 11/11 21/11 23/11 25/11 24/11 27/11 02/12 05/12 TOM 1821 400 Tom
      992 words

  • Page 32 Advertisements
    • 858 32 BANGKOK/ MAP TA PHUT/ LAIM CHABANO] JAKARTA/PAN JANQ VESSEL VQY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BANIBHUM 118N In Pt 11/10 GURU BHUM 98SB kTpt 11/10 I MATHU BHUM 384W 10/10 14/10 OEJA BHUM 768S 10/10 14/10 I RATHA BHUM 34N 10/10 14/10 13/10 ANRO JAYAKARTA* 056
      858 words
    • 549 32 INDONESI TO EUROPE *n 1 EXPRESS 36M1-CONTAINERf9£D SERVICE m 0T I »*>Wt AOAM/WDAM JHIUW6 IWEMEH ANTWERP VESSEL M/ 1? M/ 11 OMIT K/$1 TO AUSTRALIA ~1 FULL CONTAINER SERVICE vs. [WT 1 PKG aw |UK 1 MK I gfD I Ma IMM I WX. |h^ «h.ememui ms ana ivii in«
      549 words
    • 867 32 [VESSas~ VOY f"'aN JED MLA LEH HAM THP VHXEDE TANYA T2BW 12/10 21/10 01/11 02/11 OVli sS7ii SEni VILLE DC TAURUS A29H WO 28/10 Q2AII 08/11 iuii 7^T~ VILLE D'AQUARIUS U2BW 28/10 QVII IS/11 18M1 WTI wm iwil VILLE DE ANTARES L3BN 03/11 11/11 16/11 22/11 23M1 2Wi a/11 _JALaOACCBmNO
      867 words
    • 22 32 CONVENTIONAL SERVICE LOADING FOR MADRAS/BOMBAY Accepting heavy lift Upto 40 tons ETA 18.10.98 FCL/LCL WEEKLY SAJUNO TO BANGKOK/MO CHI MMHMONQ KONCVKEELUNG/CALCUTT/V KAIWae/JAPAWPURBAW^UPRAS^BYA^IOMBO
      22 words

  • Page 33 Advertisements
    • 52 33 Check Out The DIRECT SERVICES EXPANDED SERVICES TO XINGANG, SHANGHAI G£k BBS. CROWN FREIGHT EXPRESS PTE LTD EAS INTERNATIONAL SHIPPING Page 7 Page 13 (Mon/Wed/Fri) 1 New Service To NEW SERVICES TO HONGKONG and SHANGHAI HONGKONG and SHANGHAI EE la SAMUDERA SHIPPING LINE HAN HUAT SHIPPING Page 12 (Mon/Wed/Fri) Page
      52 words


  • Page 35 Advertisements
    • 151 35 mmMammm free Reader Enquiry Service cut out and fax to 65-*****29 HNlll l] m HrfrN n n 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
      151 words

  • Page 36 Miscellaneous
    • 133 36 H (0 M w LEGEND: R Thunderstorm Temperoture °q X\ V Shower Weother Wmd direction with speed in knots Rom Cloudy Sky Wove height Wtoce winds ore mooted by orrows which Hy with the wind W One fu. circle represents calm or bgh, ond wmds One hoH Heche represents 5
      133 words


  • Page 38 Advertisements
    • 385 38 j M #Of U m W &*L I \S w/lw f rL Mr S Of lAS *j?e I Tk R' jqk *Pf* jlB S9PH I /Jl/l f J 11 t j I JiR I i jpmH f f{/ f 5 2VI v V Jußh^B|bPß9' driven anci rt iff fc"^sss «Hbasset.
      385 words