The Business Times, 14 October 1998

Microfilm: NL21344
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    22 1 85f MITA(P) 110/1207 THE BUSINESS TIMES S I N G A P O R eCC. r£y Internet: http://business-times.asial.com.sg/ WEDNESDAY, OCTOBER 14, 1998
    22 words
  • Article
    MARKET SUMMARY
    58 1 HI U0UJ4(4.96) BT-OI 4KUSB (+1.07) FlsnHsnmnoß U ***** (+1.40) giyjurrwwDe STOCK MAIKET DQHCES Tuesday Change KLSECOMP SSJ4 4.4* NIKKEI WttTt—-J 1122 HANOSENO WMRM SET INDEX mil -Ml JAKARTA COUP-J1W *»7 MANILA COMP —1*7.77 +UM TAIPHWPl una -11U SEOUL COMP MU6 4M CLBA CHINA B MUS +123 AUSTALLORD 1488J
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  • Article
    FINANCE
    72 1 FOSEX BATES USI 81 rn 1.6X2 mi 1770 DM UK MM YEN UU LTT ni xm o.m HSS 7.747 Mil BAHT S&M MM MJPfAH Mil Mil* •nm Mm*n nmiAUB SINGAPORE* 7.M KUALA LUMPUR 11.60 JAKARTA KM BANGKOK 1471 MANILA 2LN BONG KONG MA TAIPEI KM SYW8EY TOKYO 1M SEOUL
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  • Article, Illustration
    Lock icon All-out package to cut costs ready next month: BG Lee
    531 1  -  Major part of cuts will be in wages, including variable bonuses, he indicates Reports by Loh Hui Yin in Hongkong A COMPREHENSIVE package to cut business costs in Singapore covering labour, land, utilities and transport costs, as well as government
    REUTERS  -  531 words
  • Article
    Regional markets splutter
    330 1  -  S'pore resilient; Nikkei down 2-3% after Monday surge By] R Sivanithy [SINGAPORE] The powerful rally on regional stock markets on Monday gave way to caution yesterday, with most bourses giving up part of their gains. Tokyo led the retracement, falling back 2.3 per cent after Monday's 5.2
    330 words
  • Article
    HK property prices have stabilised, says govt
    639 1  -  From* Quak Hiang Whai in Hongkong THE sluggish Hongkong residential market has shown tentative signs of stirring, with the housing secretary even venturing yesterday that the market has stabilised. Encouraged by cuts in global interest rates and reduced hedge fund activity which helped
    639 words
  • Article
    BG Lee hazards a guess on property
    216 1 CHOOSING his words carefully as he is not wont to state a public opinion on the property market, Deputy Prime Minister Lee Hsien Loong said he would hazard a guess that property prices in Singapore are "not yet ready to go up sharply
    216 words
  • Article
    Micron to pump US$500m into S'pore acquisitions
    379 1  -  Upgraded facilities will help meet demand for high-memory chips By. Annette Pau [SINGAPORE] US memory chip maker Micron Technology plans to spend some US$5OO million (SIBIS million) over the next two years to transfer technology and new equipment to its newlyacquired operations here.
    379 words
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      112 1 miBPC shMpa wolves Money Matters Most of Asia's battered economies will bottom out in the first half of 1909, the IMF predicted yesterday. This and other reports from the World Economic Forum.. Pi 2 MMg rmi| Renong Bhd will revamp its management but analysts said the debt-laden listed infrastructure group
      112 words
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      49 1 EYE ON HEDGE FUNDS How LTCM was felled, Money Matters, Pg 7 John Meriwether's passion for betting, Pg 16 US investment fund Ellington Capital unloads US$l b in bonds, Pg 14 Soros's Quantum Fund lost 4%, Pg 14 Watch bank managers' own investments, Pg 22 Market reports, Pg 24-28
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      68 1 Estrada meats Habibia Outcome of meeting between the two leaders, Pfl9 ■L. I EH&. 1 Hb ,>r"i /Jy Jl PSt, li«Mt I IS. fjgjß ■Tj. a pr ,Jg K jEF™**' vHtoMBI k *9 I fi I|, A Wf 9^il H B W jt si JE^^r %J^Qr^ >*!*• %y yIH .••V
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  • WOULD ECONOMIC FORUM
    • Article, Illustration
      No need to devalue yuan in '99: China official
      331 2  -  By] Lu Ning CHINA has "no need" to devalue its currency in 1999, its executive vice-minister of finance, Lou Jiwei, said yesterday. He also ruled out the prospect of re-pegging the Hongkong dollar to the Chinese yuan. A devaluation of the
      331 words
    • Article
      Forex stability seen as key to Asian trade
      311 2  -  By' Wong Wei Kong STABILITY in the foreign exchange markets, the resumption of trade financing and continuing trade liberalisation are key to the recovery of trade in crisis-hit Asia, a panel of trade experts said at the World Economic Forum. "We need
      311 words
    • Article
      Most of Asia will bottom out by 1st half 1999: IMF
      525 2  -  Recovery will depend on m&croeconomic expansion and structural reform Byt Catherine Ong MOST of Asia's, battered economies will bottom out in the first half of next year and return to positive growth in the second half, the International Monetary
      525 words
    • Article
      Asian crisis: IMF defends approach
      240 2  -  By' Vikram Khanna FACED with a heavy barrage of criticism of the IMFs approach to the Asian crisis thus Car, the director of the IMF's Asia-Pacific Department, Hubert Neiss, mounted a spirited defence of the institution's actions. Responding to the allegation that the IMF had
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    • Article, Illustration
      Lock icon Paper chase
      45 2 PARTICIPANTS at the East Asia Economic Summit queuing up yesterday to collect the latest summary of the day's proceedings. An annual event organised by the World Economic Forum, the three-day summit being held at the Suntec Convention Centre ends today. SIEW YAW HOONG
      SIEW YAW HOONG  -  45 words
    • Article
      Consensus will emerge only when global economy worsens: BG Yeo
      344 2  -  By< Catherine Ong THE world economic climate will have to get much worse before a consensus can emerge for a new global financial architecture to replace the existing one, said Singapore's information and the arts minister, George Yeo. Speaking at
      344 words
    • Article
      Intellectual capital vital for Asia: panel
      280 2  -  By. Audrey Tan ASIA must invest in intellectual capital if it does not want to be left behind in the Information Age, a panel of businessmen and government officials said yesterday. They warned that the crisis may lead some Asian countries to resist globalisation,
      280 words
    • Article
      No currency controls for Philippines, Estrada vows
      422 2  -  Manila's experience shows such moves invite corruption By Yang Razali Kassim THERE is no way currency controls will take root in the Philippines for as long as he is in charge. With that firm message, recently-elected President Joseph Estrada, for the second time
      422 words
    • Article
      Asian markets may recover but economies face risks: Dr Doom
      313 2  -  By Vikram Khanna WHILE Asian stock markets and currencies may recover as the region's economies start to stabilise, the economies themselves could be faced with another crisis over the next six to 12 months, renowned investment adviser Marc Faber said
      313 words
    • Article
      'Too big to fail' should apply in Japan too: official
      298 2 THE recent rescue of US hedge fund Long-Term Capital Management has "been a lesson to the Japanese people" and the "too big to fail" principle should also be invoked in the clean-up of Japan's banking system, a senior Japanese official
      298 words
    • Article
      Protectionist trend very worrying: Thai DPM
      198 2  -  By Slow Li Sen THE rising trend of protectionism is very worrying and could end up delaying the recovery of Asia's worst-hit economies, said Thai Deputy Prime Minister Supachai Panitchpakdi at a press conference yesterday. "I am deeply worried about the rising protectionism," he
      198 words
    • SIDELINES
      • Article
        Capital punishment
        74 2 THAILAND'S Deputy Prime Minister Supachai Panitchpakdi did not mince his words when he complained about the huge premiums Asia's battered economies have to pay in the international bond market "For a country like Thailand, if we go to the bond market, we will have to pay 700 basis
        74 words
      • Article
        Not nice to Neiss
        131 2 POOR Hubert Neiss. The IMF Asia Pacific director is a brave man for daring to show up at the WEF summit at a time when many in the region and outside erf it are bashing the Washington-based organisation for its handling of the Asian crisis. The
        131 words
      • Article
        Brickhats for bankers too
        69 2 A consolation for Mr Neiss is that the IMF wasn't the only one under attack at the summit. At another session, a participant who stood up to express his view about "irresponsible bankers" received a thunderous applause from the audience. He lambasted the bankers for walking
        69 words
      • Article
        No hedge funds in Japan
        58 2 When asked why Japan, despite its huge pension fUnds and other cash-rich institutions, did not have any hedge fUnds, a senior Japanese official said sardonically that it was because, as everybody knows, the country's financial services industry is relatively backward. "Also, we have no Nobel
        58 words
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      120 3 ARPMORJp PAKg: SINGAPORE'S MOST DESIRED RESIDENCE Elegance and style begin as soon as you step through the grand entrance gateway at Ardmore Park. Situated on a hilltop site, the 8 acres of delightful gardens have been designed by leading international landscapes, ACLA [formerly known as Aspinwall Clouston), who will create
      120 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon DBS joins UOB in prime rate cut of 25 basis points
      393 4  -  Credit POSB lowers its mortgage loan rates by 25 basis points as well By Slow Li Sen DBS Bank has reduced its prime rate by 25 basis points to 7 per cent effective today, the only Big Four bank
      Source: MAS/Reuters  -  393 words
    • Article, Illustration
      Asia-Pacific tourism may recover from end-1999
      293 4 THE Asia-Pacific tourism industry will worsen before it gets better, but demographics and easier access to countries suggest the sector will likely stage some recovery from the end of next year, the World Travel Tourism Council (WTTC) said yesterday. Speaking at a World Economic
      293 words
    • Article
      S'pore tourism receipts to fall 20% this year
      283 4  -  Bat bright spots in markets like NZ, Australia, China, UK By i Carol Eng WHILE Singapore's tourism receipts will likely fall 20 per cent this year, the good news is that with downside risk limited, upside returns can only get better, Singapore
      283 words
    • Article
      Innovative online services for travellers from IBM
      343 4 FOR some travellers, all flight and hotel bookings, even checking in, renting a car and reserving a restaurant table, may just be a few mouse clicks away, thanks to technology from US computer giant IBM. All it takes is a few minutes online,
      343 words
    • Article, Illustration
      Lock icon US electronics orders down 21%
      292 4  -  EYE ON THE ECONOMY Electronics By< Jennifer Lien NEW orders for electronic components in the US beat a retreat in August after a wild surge in July, dropping 21.4 per cent. In July, the measure had soared a revised 67 per cent, triggering a series
      Source: US Dept  -  292 words
    • Article
      SP's bid to buy Aussie power firm may cost up to A$1.6b
      468 4  -  US owner bought Citipower from govt for AsLs7b in 1995 By] Ronnie Lim SINGAPORE Power's bid to buy Australia's Citipower prequalifying tenders for which close today could cost it between Asl.2 billion (Ssl.2 billion) and A 11.6 billion,
      468 words
    • Article
      Estrada, Chok Tong sound upbeat note
      192 4 LEADERS of the Philippines and Singapore were in an upbeat mood yesterday morning during an impromptu media call after the signing ceremony for a Philippine industrial park. Asked how his first working visit to Singapore was proceeding, Philippine President Joseph Estrada said: "Well, very
      192 words
    • Article
      GST cut will not be among steps to lower business costs
      290 4 THE government will continue to lower taxes and charges where possible to cut business costs, but the Goods and Services Tax (GST) will not be touched, Finance Minister Richard Hu said in reply to a question in Parliament on
      290 words
    • Article, Illustration
      Lock icon S'pore, Manila sign industrial park deals
      429 4 PHILIPPINE President Joseph Estrada and Singapore Prime Minister Goh Chok Tong yesterday witnessed the signing of seven investment agreements for Carmelray Industrial Park 11, a project jointly managed by Philippine and Singaporean companies. Sited in Laguna Province in the Philippines, some 58km from downtown
      SIEW YAW HOONG  -  429 words
    • Article
      Asian recovery to start within next 2 years: economist
      311 4 ASIAN economies will start recovering within the next two years or so, said Zurich Group global chief economist David Hale yesterday. Spurring the Asian recovery, he explained, would be foreign investments and heavier capitalisation of banks in this region. Additional capital
      311 words
    • Article
      Burson-Marstellar names Winston Choo chairman
      117 4 FORMER army chief Winston Choo has been appointed non-executive chairman of Burson-Marstellar Singapore, the public relations firm said yesterday. Burson-Marstellar said LtGeneral (Retired) Choo, who was chief of general staff and chief of defence forces, wiU advise clients on government and business issues in Singapore
      117 words
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      120 5 1. The benefits of a 'smart' building at an unbeatable rent. 2. Enhance your company's image and pay no more. 3. Inspire your staff with better and brighter working conditions. 4. An opportunity to increase productivity. 5. Government designated high growth area means that labour is readily available. 6. Conveniently
      120 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Japanese cabinet clears 43t yen bank reform plan
      606 6  -  Scheme could become law as early as Fri; major fiscal stimulus package next in line From. Anthony Rowley in Tokyo THE Japanese cabinet yesterday approved a 43 trillion yen (*****.1 billion) scheme to recapitalise viable but weak banks and nationalise failing ones.
      AFP  -  606 words
    • Article
      Lock icon Moody's pours cold water on Korean bank reforms
      308 6 Some bank ratings could be cut within the next year, it says AFP Bloomberg [SEOUL] US ratings agency Moody's yesterday poured cold water on South Korea's hopes of cleaning up its debtladen banking sector this year, warning that "dismantling Korea Inc will
      AFP; Bloomberg  -  308 words
    • Article
      BOT warns Thai banks against excessive margins
      422 6  -  Customers should benefit from banks' access to cheap funds From Alan Boyd in Bangkok THAI banks have been warned to stop profiteering on interest rate margins at the expense of ailing businesses, as they scramble for funds to meet higher debt reserves and
      422 words
    • Article, Illustration
      Lock icon Indonesia not planning capital controls: Neiss
      251 6 Reuters Bloomberg [SINGAPORE] Indonesia has no intention of imposing capital controls, the IMF's AsiaPacific director Hubert Neiss said yesterday. "I don't think we have discussed currency controls. Indonesia, I don't think, intends to introduce controls on capital flows," he said here. In Jakarta, Indonesia's
      Reuters; Bloomberg  -  251 words
    • Article
      Lock icon S&P cuts Pakistan's debt rating to lowest in the world
      273 6 Bloomberg [KARACHI] Pakistani stock prices fell after Standard Poor's Corp on Monday cut the country's debt rating to the lowest in the world on concern that it does not have enough dollars to pay its external debt. "This is very
      Bloomberg  -  273 words
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      565 6 »BSk. Group Limited Registered Office: 3rd Floor, ABSA Towers East. 170 Main Street, Johannesburg, 2001 ABSA Bank Limited, Singapore Branch: 7 Temasek Boulevard #16-01 Suntec Tower One, Singapore *****7 AM amount* are In Rand million Balance Shoet Income Statements ss st March for the yssr ended 31 March 1996 1997
      565 words
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  • FOCUS: MONET MATTERS
    • Article, Illustration
      Lock icon The sheep, the wolves and the uncertainties
      1330 7  -  Reduced liquidity suggests even smaller trades may rock markets violently By Larry Wee [SINGAPORE] Financial markets have rarely been less predictable even though we did manage to warn our readers about a resurgent yen last week. The big picture is that US financial
      Source:  -  1,330 words
    • Article
      How LTCM got caught
      660 7  -  Tell 9 lSSwu By Larry Wee [SINGAPORE] History will no doubt point the finger at the leveraged bond arbitrage strategies of mega-hedge funds like Long-Term Capital Management for sparking off near panic conditions in world financial markets last week. The mess this created US$4 billion (556.5
      660 words
    • Article
      Shorter maturity bonds a safer bet
      488 7  -  By' Nell Behrmann The writer Is BT's London correspondent [LONDON] Because of rising fears these days that private issuers of securities could go bust global capital has voted overwhelmingly to hold the sovereign bonds of leading industrial nations. The majority view is that, while
      488 words
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      70 7 Make a fortune with I Standard Chartered in the weekend Business Times. t I q iii Win unit trusts worth 570.000 in The Game, the brand new investment competition llfllNH rom Standard Chartered. Singapore's largest independent distributor of unit trusts.Be sure to get the weekend edition of The Business Times!
      70 words
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      135 8 jjlBHHGBallB« -T" rt 'v** 3 1 iv-> y 4 '.-£v, "< y."'*^ .jff *\i ».i r. «i' jfjMi ■HI I tVr»,'.!^ P^ a i t </ liffligl I ■•LiJ^^^Blffa^^^, -V -4 v» ;i g jMEBBUX?3bm > t W^m r v" "*s%##v fj■ i§ *F a^^'^#^«p -f i&~*k%?'/ -'■Si^^.-'-When It comes
      135 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Estrada, Habibie voice concern over Malaysia
      445 9  -  ■BATAM They express hope KL will overcome difficulties now facing the country By Yang Razali Kassim THE presidents 01 me rnuippines and Indonesia yesterday expressed concern over the situation in Malaysia following the arrest of former deputy prime minister Anwar Ibrahim. They also expressed
      REUTERS  -  445 words
    • Article
      Lock icon Dr M had no plans to go for Jakarta conference
      211 9 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad had not agreed to visit Jakarta to address a business conference next month as claimed by the Indonesian organisers, a government official said yesterday. A statement issued by the Indonesia Forum on
      Reuters  -  211 words
    • Article
      Lock icon Anwar appeals against no-bail decision
      559 10 KUALA LUMPUR Govt unveils new postcard campaign to counter growing support for Anwar Reuters AFP SACKED Malaysian finance minister Anwar Ibrahim has launched an appeal against a court decision to refuse him bail on his indictment for sodomy and corruption, his lawyer said yesterday. The
      Reuters; AFP  -  559 words
    • Article
      Lock icon KL to allow prescription sales of Viagra
      283 10 KUALA LUMPUR Reuters MALAYSIA said yesterday it will allow prescription sales of the impotence drug Viagra but is advising users to be cautious of possible adverse side-effects. Health Minister Chua Jui Meng was quoted by the official Bernama news agency as saying the
      Reuters  -  283 words
    • Article, Illustration
      Lock icon Asean has not failed its members: official
      355 10 SINGAPORE Reuters ASEAN secretary-general said yesterday the grouping has not failed its members despite devising no solution to the crippling economic crisis gripping .the region. "If there are shortcomings in the individual members then that is not Asean's fault," Rodolfo Severino said. "It
      Reuters; FILE PHOTO  -  355 words
    • Article
      Lock icon Hanoi must reform or face crisis, warns ADB chief
      303 10 HANOI State tuned firms, financial sector seed restructuring Reuters THE head of the Asian Development Bank in Vietnam said yesterday that Hanoi must urgently push ahead with reform if it wants to ward off an impending economic crisis. Jean-Pierre Verbiest, the
      Reuters  -  303 words
    • Article
      Lock icon Suharto's son quizzed in bank fraud case: report
      206 10 JAKARTA Reuters THE eldest son of former president Suharto has been questioned as a witness in a major bank fraud case, the Jakarta Post said yesterday. It quoted North Sumatra's deputy chief prosecutor as saying Sigit Harjojudanto was questioned for seven hours
      Reuters  -  206 words
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      249 9 [Hao] adj: The «HHH| at the Hainan Mandarin. Where I nr everything is in i! nHj r place to ensure a jit 11|WHBBm| idcjESStf splendid stay. Spacious rooms and suites. Superb club floors with full business facilities. The best dining on -Li..., the island. State-of-the-art fitness gfei 1 \< amenities.
      249 words
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      477 10 I BUILDING GREAT COMPANIES WITH WORLD-CLASS BUSINESS SOFTWARE. Date: Tuesday, 20 October: lpm spm B Wednesday, 21 October: 8.30 am lpm I ~t** g hh HHHM —B BB Venue: Pan Pacific Hotel, Pacific Ballroom I I H A SEMINAR ON ENTERPRISE H RESOURCE PLANNING. Don't miss what surely must be
      477 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon 214b yuan found missing from state grain funds
      378 11 BEIJING Money diverted to property, stocks, cars auditors Reuters CHINESE auditors have discovered a "stunning" 214 billion yuan (5541.9 billion) has gone missing from state grain purchase funds in the past six years, the China Business Times said yesterday. Between April 1992
      Reuters  -  378 words
    • Article, Illustration
      Lock icon HK deserves fairer credit ratings: Tsang
      279 11 HONGKONG AFP HONGKONG'S Financial Secretary Donald Tsang wants international credit rating agencies to "professionally review" their negative view of the recession-hit territory, saying it deserves better treatment. Hongkong's economic future was a "good story" which deserved a fairer appraisal from Moody's and Standard and
      AFP; FILE PHOTO  -  279 words
    • Article
      Top Taiwan, China negotiators to meet after five years
      520 11  -  From. Laurence Eyton in Taipei KOO Chen-fu, Taiwan's top negotiator with China, will meet his Chinese counterpart Wang Daohan today for the first time in five years. The two men have formally met only once before, in Singapore in 1993. That
      520 words
    • SINOBriefs
      • Article
        Lock icon HK names director for Beijing office
        36 11 AFP [HONGKONG] Hongkong yesterday appointed its first director of the territory's new office in Beijing. Bowen Leung, now planning, environment and lands secretary, takes up the post in November. —AFP
        AFP  -  36 words
      • Article
        Lock icon New Disney theme park for HK?
        69 11 AFP [HONGKONG] Hongkong is in talks to set up Asia's second Disney theme park in the territory, government radio reported yesterday. Secretary for Economic Services Stephen Ip was quoted as telling legislators the government was working hard to get Disney to build a theme
        AFP  -  69 words
      • Article
        Lock icon Copyright infringements in China
        61 11 AFP [BEIJING] Copyright infringements remain "rampant" in China, more than 60 experts from 15 Asia Pacific countries were told on Monday at a symposium in Shanghai, Xinhua said. The deputy director of China's State Copy Right Bureau, Shen Rengan, said infringements remained rampant due to an
        AFP  -  61 words
      • Article
        Lock icon Aussie, China varsities in exchange deal
        74 11 AFP [SYDNEY] Nearly 40 Australian and 286 Chinese universities will swap information, staff, students and research under an exchange agreement signed in Beijing yesterday. Australian Vice Chancellors' Committee president John Niland said it was designed to bring a new era of cooperation between Australia
        AFP  -  74 words
      • Article
        Lock icon China ops metal export tax rebate
        57 11 AFP [BEIJING] China has raised the value added tax rebate on aluminium, zinc and lead exports from 9 to 11 per cent, the China Daily reported yesterday. The rebate increase was effective retroactively from Sept 1, the report said. The new policy is intended
        AFP  -  57 words
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      181 11 K ENQUIRE NOW FOR COMPETITIVE LEASE RATES GOLDBELL TOWERS Centrally located in the prestigious Scotts Road district, Goldbell Towers is an advanced intelligent office complex it which has been designed for the new millenium. The futuristically elegant look creates an aesthetically pleasing facade and projects a strong corporate image. EASY
      181 words
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      231 12 h^KSt*iml Mi^ 7% vjL JH ®,-,^fer; I fesf \&Mk i; aiii VT^lfe Sjp jt HB^Hb y if l!r -^Sm^»HMifIIERBBH I j0 f ClJ* wm m^Hs*? **'^\^!SBPHH| :f 'C.jiitfißfit -tl 1 V AM S| ",aW- <MBnK ,i_,^pij^^^E v Jp M W ,i t i *W| C- ■*--<* irtrOTt r^* m kJfei/
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  • ASIA
    • Article
      Lock icon Australia told to lead agricultural trade reform
      238 13 SYDNEY AFP AUSTRALIA was told yesterday to take the lead in agricultural trade reform because US President Bill Clinton's behaviour had reduced his influence on trade negotiations. Dennis Avery, director of the Centre for Global Food Issues at the US think-tank, the Hudson
      AFP  -  238 words
    • Article, Illustration
      Lock icon India says bear cartel behind fall in bank stocks
      459 13 BOMBAY Group colluding with foreign institutions to erode confidence: finance ministry FT INDIA'S finance ministry has assailed speculators who hammered banking stocks in recent days, blaming them for spreading rumours about the health of India's financial sector. "There is a bear
      FT  -  459 words
    • Article
      Lock icon New Aussie govt to be sworn in next week
      215 13 SYDNEY AFP AUSTRALIAN Prime Minister John Howard's government will be sworn in for a second term next week after the Australian Electoral Commission (AEC) confirms the Liberal-National coalition has a clear majority in the new Parliament. Mr Howard said yesterday that
      AFP  -  215 words
    • Article
      Lock icon Indian minister lashes out at EU protectionism
      326 13 BRUSSELS Grouping accused of blocking developing country exports Reuters INDIA'S Commerce Minister Ramakrishna Hegde attacked what he called the European Union's "retrograde protectionism" on Monday, accusing the bloc of putting up a series of barriers to developing country exports. While India had been
      Reuters  -  326 words
    • Article
      Lock icon S Korea to save US$11.6b in payments this year: survey
      288 13 USEOUL Fall in oil prices, US$, interest rates; analysts sceptical AFP SOUTH Korea is expected to reap windfall gains cMf US$ll.6 billion (5518.9 billion) this year alone from so-called "three lows" the weak US dollar, low oil prices and low
      AFP  -  288 words
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      167 13 SONY. "Hr Briggs, your board meeting with London, New York and Paris Ktes*" i Introducing the SonyTrinicom 5100 System. Your multi-site video conferencing solutiod!^^|^|HAM(fl^^H|H When the world is your office gives you the windows look and feel. and you need to be in more than convenient remote controls usertime. When
      167 words
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      214 13 Applications are invited for admission to the Nanyang MBA Program with the following specialisations: Accountancy Management of Information Banking and Finance Technology Business Law Management of Technology Hospitality and Tourism Management Marketing International Business Strategic Management Makes Us Different Bi-annual overseas Business Study Mission eventuating in books published and distributed
      214 words
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  • THE WORLD
    • Article
      Lock icon Ellington Capital dumps US$lb in bonds to reduce leverage
      547 14 HEDGE FUNDS DEBACLE Investment firm still in business despite sale, assures partner NYT Reuters [NEW YORK] Turbulence in the bond markets continues to wreak havoc among some of the most sophisticated investors. Ellington Capital Management, a US investment firm created by
      NYT; Reuters  -  547 words
    • Article
      Lock icon UK consumer confidence sags, raising pressure for rate cut
      244 14 LONDON FT PRESSURE on the Bank of England to cut interest rates has grown with the publication of a survey which shows consumer confidence falling fast. Last week's rate reduction from 7.5 per cent to 7.25 per cent is unlikely to
      FT  -  244 words
    • Article
      Lock icon Quantum lost US$380m last Wed as US$ plunged
      137 14 NEW YORK Bloomberg BILLIONAIRE George Soros' flagship Quantum Fund lost about 4 per cent, or about US$3BO million (*****.6 million), last Wednesday, when the dollar had its biggest drop against the yen in 25 years. The US$9.6 billion Quantum Fluid is a
      Bloomberg  -  137 words
    • Article
      Lock icon White House, Congress close in on IMF deal
      486 14 WASHINGTON Progress made but some issues remain, says White Honse AFP Reuters THE White House and Congress were closing in on a deal to release US$lB billion (5529.3 billion) in critical funding for the International Monetary Fund, officials said yesterday. "I think
      AFP; Reuters  -  486 words
    • Article, Illustration
      Lock icon Field day for Scrabble
      75 14 [LONDON] The world's biggest game of Scrabble being played out on the pitch at Wembley stadium yesterday. The board game covered most qf the pitch where top football matches are usually played, with teams from the armed services lifting the letters—the size of dining room tables—to
      AFP  -  75 words
    • Article
      Lock icon Brazil to get US$4.5b loan: report
      196 14 ■SAO PAULO Reuters X THE World Bank plans to boost its project finance loan to Brazil this year to US$4.5 billion (557.3 billion) to help the government slim its bloated budget deficit, an economist with the agency was quoted as saying yesterday. The loan,
      Reuters  -  196 words
    • Article
      Lock icon European fund managers turn gloomy
      496 14 Merrill poll shows they no longer think Europe immune Bloomberg [LONDON] Continental European fund managers turned gloomy in their outlook for economic growth and corporate profits even though many said they think stock prices are cheap, according to a survey by Merrill Lynch. "The view
      Bloomberg  -  496 words
    • Article
      Lock icon US House passes digital copyright bill
      291 14 WASHINGTON Reuters THE US House of Representatives approved landmark legislation on Monday updating copyright law for the digital age, sending the bill to the White House where President Bill Clinton is expected to sign it into law. The bill, approved by the Senate last
      Reuters  -  291 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      119 14 Iwfc rJw< Mm* Mm M* Prt* «wr% M* i jjj 0» *vy.Wir trlHsjMm/ l|B Mail Order Brides 11 These ladies hope for romance, marriage... to be brides. 1 Click on images to view bio and full photos, I I Stephanie, 25,1.73 m, Singapore Noi, 23,1.58 m, Bangkok 11 inn i
      119 words
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      Page 14 Advertisements Column 2
      8 14 Watch managers' own investments, banks told, Pg 22
      8 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Financial markets held hostage by fear
      705 15  -  THE BOTTOKLDVE OPINION By Ong Yong Hwee The writer is a mechanical engineer by training and a business consultant by profession AN interesting phenomenon became evident early last month. Stock prices traded on Clob and on KLSE in the wake of Malaysia's capital control
      705 words
    • Article
      IN OTHER WORDS
      132 15 'We have not seen a withdrawal of liquidity this big from the Third World since the good lord parted the Red Sea to let the children of Israel walk through.' Robert Hoc-mats vice-chairman of Goldman Sachs International, on the global economic crisis. 'At his residence (in Uzbekistan),
      132 words
    • Article
      Pre-empting a systemic crisis
      677 15 EDITORIAL THE events of the past week have illustrated vividly, and rather scaringly, the instability inherent in the international financial and monetary system. Yet there appears to be little willingness among international leaders to acknowledge this fact, let alone begin taking actions that might even now
      677 words
    • Article, Illustration
      Lock icon America must retreat from Wall St dogma
      1233 15  -  Championship of free flows of capital won't solve world economic crisis By] David Friedman The writer is fellow in the Massachusetts Institute of Technology Japan Programme LAT-WP THE failure of last week's topdrawer financial meetings to produce a solution to the global economic
      LAT-WP; FILE PHOTO  -  1,233 words
    • Article
      Borrowers at losing end
      335 15  -  MAILBOX Yan Li Jun I WISH to commend Siow Li Sen on her excellent Opinion piece, entiUed "Loan defaulters made to pay too high a price" (BT, Oct 13). For too long, loan customers of local banks and finance companies have had to put up with
      335 words
    • Article
      WHAT THE OTHERS SAY
      414 15 Lessons for bank bosses THE resignation of the head of ING Barings, hard on the heels of the chairman of ÜBS, has two important messages for the financial community. The first has to do with banking prudence: the second with corporate governance and the responsibility of
      414 words
  • Page 15 Advertisements
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  • EXECUTIVE LIFESTYLE
    • Article
      Lock icon A passion for betting
      805 16 For LTCM's Meriwether, a calculating gambler, a financial party that lasted for years, is finally over Bloomberg Eleven days after the hedge fund he managed collapsed and threatened to destabilise the world's banking system, John Meriwether went to a party. In a ballroom last Sunday at
      Bloomberg  -  805 words
    • Article, Illustration
      Lock icon Kava may soothe nerves, but is it safe?
      755 16 HEALTH More and more Americans trying herb made from roots of pepper plant NYT [NEW YORK] A pill that calms you down without making you dull, sleepy or addicted? It may seem too good to be true, but the prospect of inner
      NYT; FILE PHOTO  -  755 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      255 16 Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rental of a wide range of refuse bins Sale and rental of mechanised waste storage and handling equipment Sale and rental of the Green Machine, a ride-behind sweeper from the
      255 words
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      Page 16 Advertisements Column 2
      8 16 Saturdays Off the cuff by Jaime Ee TheßusinessTimes
      8 words
Page thumbnail Page 17
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      606 17 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-737-1166 Whereto wine, dine and Wm™** s m llßSfSali i DEVTLI SHUffa Daily A La-Carte menu. SHk Western and local f J favourites chefs V. m I jH speciality top selling el f I 'Jr=j Hainanese Chicken
      606 words
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      Page 17 Advertisements Column 2
      132 17 iftp f TO KOH SAMLH, THAILAND! (jfj with tvery order of our award-wimiog ChiokM Rico A A at Chatterbox Coffeehouse, the Chicken Rice Capital tf the World. TH 31 October 1998 Hurry,l C Coffee ftuxite let fleer 4Cmi)VMQ Aywr JU tfrtW AW, 2HK7. 7i£ 7JW/7 Fax: *****61 H*o's October Wo«
      132 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      830 17 TV&RADIO StflJag 16. of China. iimiiihiiu 8.00 Showbuzz. 5.10 Li Tribe of China. 230 PM TV Innovations. 9.00 Talking Point. 5.35 Snow White. 4.00 Kidz Blitz: Sesame 9.30 Buffy The Vampire 6.00 See Thursday's SchedStreet. Slayer Reptile Boy. ules. 5,00 Jhe Silver Brumby. 10.30 News 5 Tonight. JtMf 5.30 Zot
      830 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      125 17 CRYPTIC CROSSWORD City (3,7) YESTERDAY'S SOLUTION 26 Abu blue round flnger-jomt 7 outcry over gospel! (U. 4) |R|o|B|6|«|t|P|E|E|L»mra DOWN 8 Agree, since enraptured (6) 13 Abroad, mass movement re- MsMNMrMuMi IWItIiItIi 1 Works for party on Sunday quires diplomat (10) 16 Run out of horror mag ed- jc[A[N[DfL[E[sllA[^ 2 Never
      125 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      GE gives e-trade a leg-up
      854 18  -  US giant is setting up hubs around Asia to ride on its global electronic trading network, says tobham"»■" TOH HAN SHIH General Electric Information Services (GEIS), which operates the world's largest electronic trading community, is giving a big boost to electronic commerce in Asia-Pacific. Throughout
      854 words
    • Article, Illustration
      Compaq's new messaging utility service
      410 18  -  It offers mail system, including software, management and networking for a monthly fee By Raju Chellam [SINGAPORE] Compaq Computer yesterday launched what it calls "the first-ever messaging utility service in Asia" as part of its FutureSourcing solutions. Called Exchange Mail Utility (EMU), the service offers
      410 words
    • BOOKmarks
      • Article
        1.1b guilder Dutch treat on the Not
        74 18 THE Dutch are expected to make 1.1 billion guilders (*****.6 million) worth of online purchases by year-end, according to a recent survey by Pro Active (www.proactive.nl). The Amsterdam-based online research company polled 7,000 Internet users, and projected that the Dutch will make seven
        74 words
      • Article
        Hew US govt deal for Network Solutions
        99 18 THE Clinton administration has given US-based Network Solutions Inc a two-year extension to keep administering the most popular domain names, including ".com". Under the deal, which lasts until September 2000. Network Solutions has to develop by next June software to give future competitors
        99 words
      • Article, Illustration
        Game, set and match on the Net
        82 18 TENNIS fens can catch all the action of the Heineken Open 1998 Singapore on the Net at www.pacifk.net.sg/heinakenopen». Now on at the Singapore Indoor Stadium until Oct 18, Asia's biggest and most popular tennis event features world-class payers such as Maroeloßiot, Michael Chang
        82 words
      • Article
        Lycos gets Wired
        60 18 IN a bid to strengthen Its position as one of the moet visited Web sites, search-engine firm Lycos Inc is buying Wired Digital Inc, including the Hotßot search engine service, in a US$B3 million (8*135.3 million) stock swap deeL Wired Digital provides several Web-based products and services,
        60 words
      • Article
        Life in the fast lane
        108 18 FORRESTER Research (wwwibrrester.com) says the 8 projected jump in the number of US homes with high-speed Internet connection will alter the activities of many consumers on the Web. A recant study by the group estimates that by 200fi, 25 per cent ofUS homes, or 16
        108 words
      • Article
        Safety first for online businesses
        87 18  -  Ooooiled bf Francis Ang A STUDY by ActivMedia says 80 pa* cent ofbusiness Web sites will have implemented security measures to protect online transactions, and 75 per cent will upgrade or replace their current security software, over the next 11 months. The figures show increased
        87 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      278 18 <e> e-imnani e-business *Leasinc AT 7AM: SIGNED A DEAL IN HONGKONG. .„d software financing 7.10: BOUGHT A BASKET OF RAMBUTANS. monthly payment at attractive AT 7.20: MET CUSTOMERS IN PARIS. AND AT 7.30: STARTED TO GET DRESSED: Imagine waking up and getting things done before leaving your apartment. Sounds useful?
      278 words
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      Page 18 Advertisements Column 2
      6 18 brought to you by -ZL-ZLTs r
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  • Companies & Markets
    • Article
      NatSteel sells 10% stake in NEL for $134m to cut debt
      382 19  -  Placement takes its holdings jnst under 34%; NEL shares fall 20centsto$3J4 By, Jennifer Lien [SINGAPORE] Nat Steel Ltd has sold a 10 per cent stake in crown jewel Nat Steel Electronics (NEL) for $134 million to cut its heavy
      382 words
    • Article
      Renong revamp to see four distinct business units
      550 19  -  But analysts say the infrastructure group is still too bulky From Eddie Toll in Kuala Lumpur RENONG Bhd will revamp its management but analysts said the debt-laden listed infrastructure group is still too unwieldy. From Dec 1, there will be four distinct
      550 words
    • Article
      Short-sellers of Indon-linked stocks licking their wounds
      782 19  -  HOCK LOCK SIEW Louis Beckerling MH| IKE it or not, many hedge funds have acquired for B —themselves all the grace appeal of hyenas, or BBMMperhaps vultures. While traditional investors will search the herd for the best specimen and then back their hunch
      782 words
    • Article
      Honan winding-up a windfall for Renong unit
      328 19  -  From. Meera Tharmaratnam in Kuala Lumpur ABRAR Corporation has announced the voluntary wind-ing-up of 51 per cent subsidiary Honan Plantations Sdn Bhd, putting the latter's long drawn-out lawsuit against a Renong subsidiary in doubt According to the New Straits Times yesterday, Abrar said
      328 words
    • Article, Illustration
      Lock icon Popular invests $2.5m in retail management system
      287 19  -  By\ Eugene Low [SINGAPORE] Publisher and bookstore chain Popular Holdings is investing $2.5 million in an information management system from German software firm SAP to manage its regional network of outlets. Local operations of the mainboard-listed group including its publishing house and 20
      FILE PHOTO  -  287 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Shamrock urges Brierley board to discuss NZ$200m rescue plan
        509 20 US investment firm seeks direct talks with directors in letter to board Reuters AFP [WELLINGTON] Private US investment firm Shamrock Capital Advisors defended its "rescue plan" for New Zealand's troubled Brierley Investments and called for direct negotiations in a letter faxed
        Reuters; AFP  -  509 words
      • Article
        SML in petrochem centre project in Thailand
        319 20  -  SML, Belgian firm to operate one-stop hnb for logistics services By* Conrad Raj [SINGAPORE] Sembawang Marine Logistics (SML) together with its Belgian partner Katoen Natie is set to build and operate the first petrochemical logistics centre in South-east Asia at a cost of
        319 words
      • Article
        Lock icon Indon realty firm declared bankrupt
        124 20 Reuters [JAKARTA] An Indonesian commercial court has declared property firm PT Modernland Realty bankrupt, the first bankruptcy declared under new laws introduced in August, the Jakarta Stock Exchange said yesterday. "The (commercial court's) judges have approved the plaintiffs' petition," a stock exchange statement said. Two
        Reuters  -  124 words
      • Article
        Lock icon Aussie stock exchange lists on own board today
        491 20 ASZ hopes float will give it edge against rival exchanges Reuters [SYDNEY] The Australia Stock Exchange becomes a public company today, floating shares on its own board as it tries to find an anchor in the Asia-Pacific region. The Australian Stock Exchange
        Reuters  -  491 words
      • Article, Illustration
        Lock icon Thai ministry may sue Hopewell unit for US$6.Bb
        388 20 Failure to complete elevated rail, road project cited AFP [BANGKOK] Thailand's transport ministry said yesterday it may sue the Thai unit of Hongkong's Hopewell Holdings Ltd for US$6.B billion (SsU.l billion) for failing to complete an elevated rail and road project. Deputy
        AFP  -  388 words
      • Article
        Lock icon KL stock index set to test 420 level: analyst
        175 20 Reuters [SINGAPORE] Malaysia's benchmark Composite Index is likely to test its next resistance around the 420 level, Albert Lam, technical analyst at Vickers Ballas, said yesterday. "The KL index had bottomed around 261 and then it rose to 473. It has
        Reuters  -  175 words
      • Article
        Lock icon Mitsui OSK Lines expects to cut costs by 20b yen
        606 20 Japan's No 2 shipper will boost profits by cutting staff, debt Bloomberg [TOKYO) Mitsui OSK Lines, Japan's second largest shipper behind Nippon Yusen KK, said it is expecting profit to rise 4 per cent in the year to March 2000
        Bloomberg  -  606 words
      • COMPANYBriefs
        • Article
          Mayfran appoints BIL to advise on bid
          90 20 [SINGAPORE] Mayfran International has appointed Banque Internationale A Luxembourg BIL (Asia) to advise its independent directors on a general offer by Gimmill Industrial Pte Ltd. Keppel Bank, which is acting n for Gimmill, said the 18-cent-a-share offer is for the remaining 32.2 million
          90 words
        • Article
          GPE ops stake in Shenzhen unit
          148 20 [SINGAPORE] GPE Industries has raised its stake in an indirectly-held subsidiary, Shenzhen Nike Electronic Ltd (Shenzhen Nike) from 54.5 per cent to 70.6 per cent through a reduction in Shenzhen Nike's registered capital. Shenzhen Nike was incorporated in China in 1993 with a registered
          148 words
        • Article
          Pertama director sells 30,000 shares
          33 20 [SINGAPORE] Pertama Holdings director Pak Keam Hong told 90,000 shares on the open market on Monday, Oct 12, for a total price of or 7.5 cents per share.
          33 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Merrill US$164m in the red in Q3 after US$288m charge
        647 21 Firm to lay off 5% of workforce; earnings before charge fall 75% Reuters Bloomberg {NEW YORK] Hurt by trading losses abroad and a slowdown across key businesses, US securities firm Merrill Lynch and Co yesterday said its third-quarter earnings fell
        Reuters; Bloomberg  -  647 words
      • Article
        Lock icon GM posts US$538m loss in Q3, less than forecast
        403 21 Cost cuts moderate impact of summer strikes, slump in overseas sales Bloomberg Reuters [DETROIT] General Motors Corp, the world's largest carmaker, reported a smaller-than-expected loss for the third quarter because cost cuts tempered the effects of two summer strikes and an
        Bloomberg; Reuters  -  403 words
      • Article, Illustration
        Lock icon Murdoch may delay public offer of Fox
        506 21 Reuters [ADELAIDE] Global media mogul Rupert Murdoch said yesterday he was worried about a world recession and warned he would not go ahead with the float of his Fox movie and television interests until financial markets had settled. "We seem to be moving
        Reuters; REUTERS  -  506 words
      • Article
        Lock icon HP to buy Canon printer engines
        152 21 Reuters [TOKYO] Canon Inc will supply several hundred thousand colour laser printer engines a year to US-based Hewlett-Packard Co in a business tie-up, said a business daily yesterday. HP will mount the engines and its control software into printers for sale under its own
        Reuters  -  152 words
      • Article
        Lock icon Tiger fund seeks to lift slake in US Airways above 10%
        332 21 Bloomberg [NEW YORK] Tiger Management, the hedge fund family run by Julian Robertson, asked US regulators to let its Jaguar NV fund raise its stake in US Airways Group above 10 per cent, a request that likely gave the
        Bloomberg  -  332 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Liabilities of two Gitic units seen at HK$6.6b
        263 22 Gitic Hongkong and Goangxin Enterprises under voluntary liquidation Reuters [HONGKONG] Two subsidiaries of debt-laden Guangdong International Trust and Investment Corp (Gitic) have liabilities totalling HK$6.6 billion (SSI.4 billion), provisional liquidator KPMG Peat Marwick said yesterday. Gabriel CK Tam, a partner of KPMG
        Reuters  -  263 words
      • Article
        Lock icon Watch managers' own investments, banks told
        412 22 HEDGE FUNDS DEBACLE Transparency essential to avoid conflict of interest Reuters [LONDON] Banks must be squeaky clean when it comes to top managers making personal investments in hedge funds, Britain's financial watchdog chief said Monday. "Managements need to ensure that circumstances cannot ever arise
        Reuters  -  412 words
      • Article
        UOB Asset Mgt to close United Malaysia Fund in January
        279 22  -  By\ Shiv Taneja [SINGAPORE] UOB Asset Management said yesterday it was terminating its Malaysian unit trust, the United Malaysia Fund, about a month after suspending trading in the fund's units. The termination is effective Jan 13,1999. UOBAM's move comes on
        279 words
      • Article
        Lock icon Germany's WestLB to buy Japan asset manager
        234 22 Bloomberg (TOKYOJ Westdeutsche Landesbank Glronzentrale, Germany's largest state-owned bank, will acquire the asset management arm of defunct Hokkaido Takushoku Bank Ltd, according to KPMG Corporate Finance Group. The move ends Takugin Asset Management's search for a new shareholder nearly a year after the
        Bloomberg  -  234 words
      • Article
        US pension funds adding gold to portfolio
        412 22  -  Recent purchases of more than 50 tonnes worth USssb made By Siow Li Sen [SINGAPORE] Recent gold purchases by US pension funds of more than 50 tonnes worth US$5 billion (SsB.2 billion) could be the start of a new source of demand, as
        412 words
      • Article
        Profit-taking in futures on mixed bourses
        228 22  -  SIMfIX Report MSCI Singapore Index Jardine Fleming REGIONAL stock exchanges were mixed yesterday providing no steady diet of bullish news for futures traders to feast on. Without this necessary sustenance, futures traders took profits. The background of a steady Japanese yen also encouraged traders
        228 words
      • Article
        Futures fail to sustain early rally
        171 22 MS& Taiwan fatores THE Simex MSCI Taiwan Index futures rose initiaUy as the US Nasdaq Composite Index soared 9 per cent in the past two sessions, giving hopes that Taiwan chipmakers wiU receive more orders from their US customers. The market, however, failed to
        171 words
      • Article
        Lock icon Crude flat ahead of US inventory report
        277 22 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed for a second day as traders awaited a weekly US inventory report today that could show an increase caused by a jump in imports. Traders are looking for any sign that a global
        Bloomberg  -  277 words
      • Article
        Lock icon CURRENCY REPORT
        290 22 AFP TfWulttn THE dollar continued to rise against the yen and rallied against the mark in the first half of the session yesterday on the London forex market. The dollar was up in early afternoon to 119.84 yen from 118.45 in the morning and 117.71 Monday evening, and
        AFP  -  290 words
      • Article, Illustration
        Untitled
        1215 22 wniiwy ciobh UTM outs M c$ »a» *-i» m—nmfim ro> wm n» s$ «■< sir m la* Hmt ma AintraNa 0.H1 1170 0.5T7 3.425 1.021 4.038 ***** ***** 0.739 MK 2373 1.156 33,919 26.977 1019 1619 0.829 20.674 Zl»20 0.36S 0 625 Canada 1040 1393 0.538 1564 1063 1034 27.519
        1,215 words
    • Article
      COMMODITY PRICES
      1756 23 SICOM FUTURES Oct 13 NltCt (tobm dMktas at UOja) ISS1 CONTRACT'S c*«tVk<) CtOM VotaflM Opon I fcfc f It it I A A wOfiui wpi low >tii uonntsj imirvsi Nov 98 120.00 1325 Ok 96 ***** 1450 Jan 99 122.00 550 Ft*99 124.00 650 Bar 99 125.25 850
      1,756 words
    • Article
      WORLD STOCK MARKETS
      2178 23 LOMBfN W Pel a hw *h 31 Group SCt.000 -2.400 AS Ports 278.000 1.000 AMty National 1041.000 ****** A Mod Oomocq 460.000 8.600 Anwc 178.000 tl.OOO Asda Group 160.200 -2.000 BAT tod 489.000 4.600 BG Ptc 371.000 -7.000 84CC 59.000 -1400 BOC Group 735.000 -5.400 BftPotrsMum 855
      2,178 words
    • Article
      Lock icon TOKYO
      1588 23 Bloomberg Q Nikkei 225 -***** JAPANESE stocks fell, paced by utilities such as Kansai Electric Company Co, as investors shed staid earners for blue-chip exporters such as Canon Inc that plummeted to 52-week lows in last Friday's sell-off. Also contributing to the fall was dismay that the government's bank
      Bloomberg  -  1,588 words
    • Article, Illustration
      Lock icon HONGKONG
      1509 24 Reuters AFP Q Hang Seng +18^6 SHARES closed yesterday mildly higher after a rocky ride as profit-taking held the market locked in negative territory for most of the day. The Hang Seng Index added 18.56 points, or 0.21 per cent, to finish at 9,008.83 after staging a late session
      Reuters; AFP  -  1,509 words
    • Article, Illustration
      Lock icon CHINA
      603 24 Reuters H Shenzhen B Index +0.42 SHENZHEN B shares closed moderately higher yesterday in a delayed reaction to recent sharp rises in Hongkong stocks, analysts said. The hard currency B Share Index rose 0.42 of a point to 66.06 as turnover swelled to HK$l3.OB million. "The Hongkong shares have
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  603 words
    • Article
      Lock icon TAIPEI
      354 24 AFP □wp latex -1123 TAIWAN share prices fell 0.2 per cent yesterday as late selling wiped out early gains amid sliding confidence in the island's economic fundamentals, dealers said. The TSE Weighted Price Index dropped 11.23 points to 6,909.22, following a 0.3 per cent decline in the previous session.
      AFP  -  354 words
    • Article
      Lock icon WELLINGTON
      261 24 AFP |H| Wellington +32J9 NEW Zealand stocks were up 1.9 per cent yesterday on the back of a sharply higher Wall Street close and positive Asian markets. The NZSE 40 Index was up 32.19 points to 1,755.84. Turnover was worth NZ$6O.B million. Energy company Enerco added 25 cent to
      AFP  -  261 words
    • Article, Illustration
      Lock icon BANGKOK
      757 24 AFP n SET Index -0.61 THAI share prices fell 0.2 per cent yesterday in mixed trade, with banks and finance firms generally lower, analysts said. Dealers said that although there was buying in the late afternbon, gains were offset by profit-taking earlier in the day. "I think both foreign
      AFP  -  757 words
    • Article
      Lock icon SEOUL
      412 24 AFP kl Composite Index -6.09 SHARE prices on the Korea Stock Exchange closed 1.7 per cent down yesterday amid heavy profit-taking. The index fell 6.09 points at 346.08, off a low of 344.91 and a high of 358.31. Volume was 136.1 million shares worth 761.7 billion won. Falls outnumbered
      AFP  -  412 words
    • Article
      Lock icon SYDNEY
      592 24 AFP QAflOrfairieg -13J SHARE prices took little heed yesterday of buoyant United States and European markets overnight, closing 0.5 per cent lower following the lead set by Tokyo, brokers said. The All Ordinaries Index fell 13.1 points to 2,488.5. The All Industrials shed 20.1 points to 4,324.9 and the
      AFP  -  592 words
    • Article, Illustration
      Lock icon JAKARTA
      724 24 AFP Composite Index +&57 INDONESIAN shares yesterday closed 2.1 per cent higher on gains led by state telephone monopoly Telkom and satellite operator Indosat, dealers said. A dealer at a joint venture brokerage said he believed certain brokerages close to the government were involved in the Telkom and Indosat
      AFP  -  724 words
    • Article
      Lock icon MANILA
      302 24 AFP n Manila +2450 PHILIPPINE share prices rose 1.8 per cent higher yesterday as investors snapped up oversold issues and bid up the price of dominant carrier Philippine Long Distance Telephone Co. The Philippine Stock Exchange Index gained 24.50 points to 1,367.77. Turnover fell to 269.9 million shares with
      AFP  -  302 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares down on profit-taking
        392 25 AFP Q Composite Index -4.46 MALAYSIAN share prices fell 1.1 per cent yesterday as investors locked in profits on gains posted the day before. An institutional dealer at a local brokerage said the focus was on debt-ridden infrastructure giant Renong Bhd and its subsidiary United Engineers
        AFP  -  392 words
      • Article
        Untitled
        8554 25 INDUSTRIALS 1998 Last Vel Day N.t Cap Hlqh Law Company Jala '000 Hiqh Law P/t Smll 3TO 170 Ajinomoto 225 1 5 229 225 12.4 91.2 148 35 Anqkasa 56.5 -0.5 30 58 52 83.3 290 123 Apollo Food Hlq 188 12 6.5 75.2 388 108 BerjayaLand 138 -2 230
        8,554 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        2502 26 BONOS, LOANS ft WARRANTS wt '998 Last Vai Day Last Oust* Ay< High Low StM Company Sal* Hf- fOOO) High Low Buyor Sallar Wet 20.5 3 3160 A Acar ******1 US$ 4 unch 126 5 4 4 5 95 4.5 3164 Acma ******4 6.5 urvch 52 6.5 6 6 6.5
        2,502 words
      • Article
        First Engg wrt: time on its side
        173 26  -  WARRANT WATCH By\ R Sivanithy CONTINUING our theme of low-priced, long-dated local warrants which appear to have lagged the recent rally, today's focus is on First Engineering. The warrant like most in the market is very far out-of-the-money with a conversion price of
        173 words
      • Article
        CLOB INTERNATIONAL
        218 26 HONGKONG STOCKS Or Or 1998 Last Val Day Laat Oust* Oh M< «N NM M Cap HHP L—r Staa C—»any S*K COOP) M>» L— 8wyar ST H Of P/C >1 ~400 250 5123 COL (2000) MK 400 WO 420 8.0 £4 24 20.5 7744.7 5124 Cathay Pat 20c
        218 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6569 27 Transaction date: Oct 13 Gr Gr M Wt ItM Last Vol D«y Lid Ouota Mv Dlv Yld Net Caa A»« wm> t— >tw> cin«m m» roooi Law 8»yar ua»r cw piz MULTHHOUSTIY 142 49.5 m t 1000 AcmaSOc 55 -1.5 224 57 54.5 54.5
      6,569 words
    • Article
      SESDAQ
      1138 27 Or Or M Wt NN Last VI Day Last Ovate Mv Dhr YM Nat Cap Avg HUh Law Ittta tola fOOO) MH> La» 8»y*r tatr Cw PIT tm» Prtc* MANUfACTUtWQ 3MiNH§^f'' S »•>' 243 30 2049 AS Auto 10c 70 -1 1403 73 66 69 70 'SON 7.0 2.1
      1,138 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        345 28 Stacks VthNiM Mayfran 15c 34.422,000 Keppel LandSOc 20,52#,000 DBS Land 14,503,000 Wing.Tai25c 10,911,000 Hotel Prop 10,175,000 City Dev 50c 8,060,000 STEngglOc 7,470,000 Datapuise 5c 7,238,000 NatSteel 50c 7,011,000 SwnbCofpl 25c 6,373,000 Sloda SPH 44,892,681 City D*v 50c 36,675,635 MS Foreign 22,122,209 OCBC Foreign 21,002,280 DBS Land 21,001,970 Keppel Land50c 18,419,025
        345 words
      • Article, Illustration
        Market resilient despite falls in the region
        630 28  -  STOCK MARKET COMMENTARY Shares also refuse to buckle under profit-taking; hedge-fond short-covering still cited; DBS rate cut seen as already discounted By R Sivanithy [SINGAPORE] The local market yesterday stubbornly refused to buckle under waves of profit-taking, and despite a general weakening in
        630 words
      • ON THE GRAPEVINE
        • Article
          The Vanessa ring
          84 28 VIOLIN virtuoso Vanessa Mae nowplays for Siemens to help sell Its mobile phones. In a new TV ad scheduled to air soon, the lady supposedly puts down the Siemens SLIOBB phone, picks up her violin, and proceeds to raise the temperature at EMTs Abbey Rbad studlo in
          84 words
        • Article
          Electronics stocks to the rescue
          91 28 THERE appears to be no end to the sterling role played by local electronics-related stocks. In an otherwise fairly sombre report out yesterday, Indosuet Wi Carr Securities said that we can expect the Singapore market de-rate as competition for capital increases. In other words, while
          91 words
        • Article
          I see no pirates
          139 28 PIRATES of the software kind there may be at (daces like Sim Lim Square. But who skuil-and-cross-bones kind—lurking in our seas? In Parliament on Monday, opposition MP Chiam See Ton® wanted to know whether Singapore can play a more meaningful role in international efforts to combat
          139 words
        • Article
          Bear wins
          104 28 SEEMS only appropriate, given bearish sentiment around these days, that thebest performing mutual fund United States in the third quarter be the (Prudent Bear Fund. This flind was up a whopping 22 per cent, according to the Llpper Mutual Fund Quarterly published 1 In the latest issue of
          104 words
      • Article, Illustration
        HOT STOCK
        73 28  -  uuuii -by: Shiv Taneja SINGTEL closed three cents higher yesterday at $2.74 on a volume of 6.26 million shares, compared with its 10-day traded average of 5.3 million shares. In the near term, the counter is likely to come under some selling pressure, according to the daily RSI
        73 words
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      78 19 If \ii wr I ii IM in i i KHhL VI s<^»9l •I* I \V/ %-J By »s ?-fy >? y W' ■Pl'fgffn XM- Bjjp about Vacheron Constantin's centuries of exceptional craftsmanship. T VACHERON CONSTANTIN The world's oldest watch manufacturer Geneva, since 1755 Authorised Retailers Cortina Watch Tel: 339 9185
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      16 20 Lost iiour m Try finding it at Classification 821 (Found) of The Straits Times Classified. CATA
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      Page 20 Advertisements Column 2
      127 20 Endorsed by the Singapore Trade fIH I Development Board and the f Ministry of the Environment, the I Singapore Environmental J Technology is a Yearbook providing f updates on technical informations f and technological advancements f taking place in Singapore. With the rapid growth in industrialisation in the region, Environmental
      127 words
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      209 21 *1 BgjnriH <fc obH£^Bh fl R? J &S^IM/t T ha t s Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one
      209 words
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      56 22 Full professional after sales service provided. For a FREE copy of our 100 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 22 Advertisements Column 2
      26 22 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
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      Page 22 Advertisements Column 3
      5 22 Strait Talk TheßisinessTimes Shipping times
      5 words
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      56 24 Give your company a higher profile Publish your Chairman's Statement in the newspapers. It will be seen by over a million people. Susan Eng 740 6160 C Florence Kang 740 6161 £/^S' n 9 a P ore 1 To advertise, call: Judy Tan 740 6163 Low Cheh Chuan 740 6171
      56 words
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      1021 26 BUSINESS Xoticcs lt> cull toll-friT INOO-741 INX3| IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTER OF SPACE STRUCTURES (S) PTE LTD (In Members' Voluntary Lifmidatian) Al an Extraordinary General Meeting of the Members of Space Structures (S) Pie Lid duly convened and held at 15 Selegie
      1,021 words
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      Page 26 Advertisements Column 2
      27 26 Aft# 1 Wednesdays By Yang Razali Kassim CHINA H[H HH Thursdays By Lu Nitiq CRISIS Mondays By Vikram Khanrm THEBUSINESSTIMES Tlirn to Page 28 for more Notices
      27 words
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      56 27 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. •> THE C IT I NtVfK SLEEPS l> i.IIIIIi > .1 I I Mi t- ii I•• ii i 21. S (h I li.iiil |< .1 <| 2 1 I
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      436 28 BUSINESS OttCCS To advertise call toll-free 1800-741 INS 3 CREATIVE CREATIVE TECHNOLOGY LTD NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Creative Technology Ltd (the "Shareholders") will be held at 31 International Business Park, Creative Resource, Singapore *****1 on 6
      436 words
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      Page 28 Advertisements Column 2
      355 28 ASSETS FOR SALE PRODUCTION EQUIPMENT Eight Panasonic SMT lines (MV2C MSH2) One SMT rework station Two VCD machines and one sequencer Two TDK radial insertion machines Four manual insertion and four wave soldering lines (one N2 wave soldering machine) One line aqueous cleaning machine Four backend conveyor lines Two Genrad
      355 words
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      Page 28 Advertisements Column 3
      212 28 NOTICE IS HEREBY GIVEN that, I Huang Chun Liu of 457 Upper East Coast Road #08-05 Singapore *****3, have applied for a Public House, First Class Licence in respect of M/s Tian Jin House of Delicacies located at 205A-207A New Bridge Road Singapore *****0, and that this application will be
      212 words
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  • Shipping Times
    • Article
      Lock icon FREIGHT MARKET
      311 29 Bridge News Reuters TRADING was patchy with some brokers taking the Columbus Day holiday. Canada was also closed for its Thanksgiving holiday and some South American countries were also on holiday. In the Atlantic Panamax sector, brokers still appear to be looking for confirmation of which way the
      Bridge News; Reuters  -  311 words
    • Article
      MARITIME STOCKS
      261 29 0«t 1 U CWT Distribution 0285 -0.02 47 ChuanHup 0.365 -0.015 74 Cosco Invastmant 0.405 -0.01 3 FrataM Unks 0.15 -0.005 847 GBHoMlnqs 0.29 *0.02 63 Hal Sun Hup 043 unch 473 HKacMZoMn 0.515 -0.015 22 IMC HaMUqa Hk 5.60 JpyaHoMkiqs —0.435 -0.02 5 Juronq Shipyard —6.60 *020
      261 words
    • Article, Illustration
      Lock icon PCL looks to feedering, logistics for growth
      527 29  -  Home-grown line diversifying beyond traditional dry bulk shipping activities By. Felix Chan [SINGAPORE! As part of its plan to grow and diversify beyond its traditional dry bulk shipping activities, Pacific Carriers Ltd (PCL) has been expanding its container feeder and logistics services division
      SIEW YAW HOONG  -  527 words
    • Article
      The hotly debated issue of a global pay standard for seamen
      773 29  -  STRAIT TALE By I Seafarer HOW much is a seafarer worth? Just how much seafarers working on the international deepsea commercial fleet should be paid is a highly controversial and emotionally-charged issue. It is controversial because the International Transport
      773 words
    • Article
      APL to leave transpacific group TWRA at year-end
      408 29  -  By. Marcus Hand [SINGAPORE] APL is quitting the Transpacific Westbound Rate Agreement (TWRA) conference at the end of the year ahead of deregulation of the US shipping industry. APL, the container shipping arm of Neptune Orient Lines (NOL), is the second major
      408 words
    • Article
      Logistics seminar to focus on solutions
      189 29 [SINGAPORE] Integrated Logistics Asia '98, the first AsiaPacific Forum for logistics professionals, opens here today. Minister of State for Communications John Chen will be the guest-of-honour at the opening ceremony. Organised and managed by Miller Freeman Exhibitions and the Singapore Freight Forwarders Association (SFFA),
      189 words
    • Article, Illustration
      Lock icon System takes blame for substandard ships
      604 30 SHIPPING STANDARDS The problem is caused by substandard players in all sectors of the industry combined ABS Surveyor THE problem of substandard ships is really one of a substandard mentality, says Fincantieri managing director Saverio Di Macco. "The system enables the problem to continue
      ABS Surveyor; FILE PHOTO  -  604 words
    • Article
      Lock icon China to open up shipping sector
      309 30 Xinhua [SHENZHEN] China will open its shipping sector wider to the rest of the world to ensure the sound development of foreign trade, said a senior ministry of communications official here on Monday. Foreign investment is especially encouraged in port construction, said Deputy Minister
      Xinhua  -  309 words
    • Article
      SHIPPING SCHEDULES INDEX
      349 30 PAGE ESP Lines M aa M time 12 E*erqreen 6 ANl 3 Express TL 12 Accord 8 FoongSun 8 Ahrenkiel 12 Frot 13 Appenshtp 5 Frt Links W tt Astro 3 CLink 4 Austral 8 Gemartrans 8 Avant M Genshgp 12 B'tang Mas 8 Glory Mav M
      349 words
    • Article
      Shipping Guide
      17509 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage TH*phon* ETA ETA Advertiser Vessel Vo yage Tetepnone SIN Dest n Name Name Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire To CALCUTTA (CCU) 2062 India 22/10 16/12 ZIM/Seth ZIM DALIAN IW 65 *****12
      17,509 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        750 43 Vessel Voy No Berth Arrival Departure Jm Nrt Amtmu 22* JK JkmgwJt 15.10/2359 J K H«m 0CT12 JO *»#>* £2/82 kmnm ocn3 jo *515. amm M Mo M 0110* JO It Si?i2? M Sjtrwi 01»* J01 tooqv* U-ttTWC *****0 JO. Mt 12 Synroo W® J n 2SES rwL
        750 words
      • Article
        CONTAINER SCHEDULES
        1830 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookiroj/Balince Rstls Ship Voy No Etb/Btr Period From To From ken CK»f 905 M/23J9 U 13/1500 u/*s9 u/noo 13/1500 13/1659 13/1900 2A 13/1700 M/0659 14/0900 21 13/1700 14/0659 >4/0900 3 14/0700 14/1159 14/1400 Maura M TV2W0 M U/HOO 0MM U/HOO
        1,830 words
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        GLOBAL HOLIDAYS
        193 43 Oct 19 Malaysia: Deepavali. Singapore: Deepavali. Oct 23 Thailand: Chulalongkorn Day. Oct 26 Austria: National Day. Ireland Republic Of: October Holiday. New Zealand: Labour Day. Oct 28 Greece: Oxi Day. Oct 31 Finland: All Saint Holiday. Sweden: All Saints Holiday. Taiwan: Birthday of President Chiang Kai-Sek. Nov 2
        193 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1030 43 THIS report, complied by Cockett Marine Oil Lid. shows price ranges In US dollars instead of single prices for a more comprehensive description of the market Prices shown are baaed on average-sued Mem Market movements are Indicated The Cockett Burv ker Price Index change and the
        1,030 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        475 43 Carbon 180 Max 992.0 2J 17.7 0.K 342 0.07 Oct 8 Density Water Residue Ash Aluminium Sediment Wo above £25 1 4 10 3 3 ZZm 380 A* 917.6 0J *.0 0.07 27 0.03 (B, 3M Max 996.0 0.9 19.8 0.12 154 0.11 »t/W3 %v/v %m/m
        475 words
    • AIR&LAND TRANSPORT MEWS
      • Article, Illustration
        Lock icon PAL puts off int'l flights at request of potential investors
        327 44 Philippine national carrier waiting for results of due diligence studies AFP [MANILA] Philippine Airlines (PAL), resurrected last week after management closed it down, said it would delay its return to international flights at the request of potential investors studying its
        AFP; FILE PHOTO  -  327 words
      • Article
        Deutsche Bank to buy over Boullioun from Sumitomo Trust
        232 44  -  USsl2om deal will give SIA new ally in leasing unit By. Felix Chan [SINGAPORE] Deutsche Bank AG said yesterday it will acquire Boullioun Aviation Services Inc from Sumitomo Trust Banking Co for US$l2O million (*****.8 million). The sale, which is subject
        232 words
      • Article
        Lock icon Italy may need to revise plan for new airport: EU
        412 44 Bloomberg [BRUSSELS] Italy may have to revise its latest plan for transferring flights to Milan's new airport before it can win European Union approval, said a spokesman for EU Transport Commissioner Neil Kinnock. Mr Kinnock accepted a verbal offer from
        Bloomberg  -  412 words
      • Article, Illustration
        Lock icon US aircraft lessor may not buy 100-seat jets
        568 44 International Lease Finance Corp not convinced small jets are profitable Bloomberg [SEATTLE] International Lease Finance Corp might forego buying 100-seat jets from either Boeing Co or Airbus Industrie, a top ILFC executive said, limiting a market that the jetmakers consider among their
        Bloomberg; FILE PHOTO  -  568 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1782 44 OTV FUCHT PA FUCHT OP 0F06 MPS MWt 2359 Adelaide AN8230 1910 Fukuoka S0989 1700 S0990 0115 > S0230 mo Guanozhou PtfC C2351 2045 Amsterdam 1****** 0755 K1838 2300 Hanoi YN741 1310 VN742 0905 S024 2320 S0175 1840 S0176 1105 1 S0327 0755 VH740 1410 I
        1,782 words
      • Article, Illustration
        Lock icon Daewoo rolls out second model in India
        64 44 [SURAJPUR, India] Workers gather around the first 0.8 litre Matiz car as it rolls out of the production line at the Daewoo Motors India plant in Surajpur on the outskirts of New Delhi. The Matiz is the second model to be manufactured at
        REUTERS  -  64 words
      • Article
        Lock icon Chrysler turns in record third-quarter profits
        223 44 Financial Times [CHICAGO] Chrysler, the smallest of the "Big Three" US carmakers and in the final stages of being taken over by Germany's Daimler-Benz, brushed off fears of a downturn in the North American car market as it reported third-quarter results comfortably exceeding analysts'
        Financial Times  -  223 words
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      1127 30 I NORTH AMERICA I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA BERVICE) rasa wr PHI roan u» o* hou ok «t |*nco<m vpsn V9T www |«MpMVBnpA OOaNOMMM 2KS4I M/ 10 14/10 JO/1# 01/11 03/11 04/11 OS/11 00/11 MAIUGA
      1,127 words
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      Page 30 Advertisements Column 2
      649 30 Lines services represented [2 ®SB") Members of the Registry of Singapore Freight Forwarders Accredited Shipping Agents. Association Singapore Shippng Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Prlac«*Llh V 9598 13/19 IS/19 22/11 PrtaressUly Y9698 12/11 94/11 12/11 LIU MARINE SERVICES SINGAPORE Pfcoae 334 7294/*****4® Fkx:
      649 words
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      1128 31 -*mm^ TO EUROPE FROM EUROPE VESSEI VOY I SIN RTM ANR HAM BRV SOU «T lEH [vESSEI VOYI HTM ANR HAM BRV SOU FIT lEH SM HY COMROOORE 315W IS/JO 07/11 04/11 05/11 02/11 THAMES 5501 26/09 23/09 24/09 21/09 15/10 RHINE S23W I*/10 01/11 03/11 06/11 07/11 MX AGATE
      1,128 words
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      Page 31 Advertisements Column 2
      2637 31 (g) HANJIN SHIPPING HANJIN SHIPPING (S) PTI LTD M* Imp com lOOIIHC 32*0235 737 SALES 32W224 23« DOCUMENT 32*0271 274 OPtIATKWS 32(0241 252 NAM UK *****5S FAX 2229W0 (I NO *****f*****N TO NW USA CANADA USA CANADA' FOR VSL/VOY BAM SM UNE HAUL/VOY SU TTW DEN POX 00 MSP PU
      2,637 words
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      1426 32 DSR-SENATOR LINES I TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VtSSfL VOY LEH HTM AMfl HAM IflV FlI VESSEL VOY SIN PIT SPE FOS VIC MTU CHOYAKGATUS WHO 42 13 10 *10 01 11 Ull 03 11 0411 0511 PATHOS SENATOR WMO4S 10 10 0411 0011 00 11 10 11 17 11
      1,426 words
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      Page 32 Advertisements Column 2
      1087 32 a» MAfi-MELS S'PflftE M'SIA I Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 l~rvy J NOs **********08 SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MPN: (61) *****3 KUCHING (082) *****1 -3 GENOA MV "ENCOUNTER
      1,087 words
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      Page 32 Advertisements Column 3
      620 32 LINE SSr A Till a««34S« FAX: •SUIIS MUARA LABUAN ~j vbshT vov tn> ru vissa voi nt iu SPOM MUARA SPOM LBN stiaitshopi vwt/oo 21/10 m/io sTtAmHOK vwt/oo n/io »/io CABAKAJNM-3JVISI/00 24/10 17/10 OUUKAjNB-32 VIS/M 24/10 21/10 STtAITSHOH VJOI/W 31/10 03/11 STIAITSNOPf VM/W 31/10 04/11 (AtAKA JMB-32 Vltt/40 04/11 07/11
      620 words
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      1406 33 {vessel VOY sin sip pkq pew pqb dub I shj Iba bik IRAN GHEYAMAT PJL 1307 18/10 27/10 31/10 IRANVAHDAT PJL 1317 22/10 17/10 31/10 01/11 04/11 PQB= Mini Qaboos, OUB Dubai, SHJ Sharjah, BA Bandar Abbas. BIK Bandar Imam Khomeini ACCEPTING CONTAINER/BREAX-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS
      1,406 words
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      Page 33 Advertisements Column 2
      1890 33 TO ISRAEL 1 IN 13 DAYS 1 EVERY THURSPAf 1 I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL- 226 1900 FAX: *****08 OUTWARD (1/lT^ COSTAR SHIPPING PTI LTD #17-06 DRSILDG SAUS/BKGS *****57/60 INWARD KPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BND CI NO; **********0 M TOWII TWO (******) CONVENTIONAL
      1,890 words
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      Page 33 Advertisements Column 3
      655 33 EASTERN CAR UNER, LTD/nSXCrr |£j eg (Singapore) rn itp U SPECIALIZE IN ROUP A HEAVY LIFT WTO 450 TONS ECI (SINGAPORE) PTE UD LOADING FOR PORT KLANG/PENANG/KUCHING/BINTULU LAEMCHABANG/BANGKOK/XINGANG MV "ORIENT IRIS" V.23 MV "KEISHUN" V.79A ETA SIN 17/10/98 ETA PKL 19/10/98 ETA SIN 20/10/98 ETA KCG 23/10/98 ETA PNN 20/10/98
      655 words
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      1554 34 EUROPEAJKySCANDINAVIA/fINLAND/WUSSIA SGP ROM ANW HBG THP ZEE IHV LHV THP ROM A*W HBG PKL SGP E DEVELOP RW-003 17/11 06/11 11/11 17/11 09/11 10/11 11/11 E. REACH RE-020 17/W 19/09 10/09 21/09 22/09 15/10 15/10 E DECENT RW-006 25/10 13/11 10/11 14/11 10/11 17/11 10/11 E. ROYAL RE-039 24/09 20/09
      1,554 words
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      Page 34 Advertisements Column 2
      951 34 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 CecH street *03-00 PIL Building, Singapore *****0. i CR NO: **********06 ivpsa vor w sw m stb ml tm on apl m m i hot* nrrntk pwtois n/io u/»o iyio m/io n/io »/ii «/n yn lUNGA THATAI 3 353 IS/10 17/10 23/10 1/11
      951 words
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      Page 34 Advertisements Column 3
      609 34 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA Vtssa VOY SIM I Mil j DUI JNt CPT RCI NAMIAI PWKESS V.024S 17/10 31/10 03/11 04/11 ~T~" jwrnoigi V.Q3OS IVIO a/io oi/ii 04/11 05/11 n/11 NANTAJ DKAGOM VOOtS 27/10 05/11 09/11 12/11 13/11 MAWTAJ PltWKt V.O2SS 03/11 lj/11 11/11 20/11
      609 words
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      448 35 BSfl jl! mm. MYANMA wBBk FIVE STAR LINE (Myanmar National Lint) 1 Loading for Yangon (Rangoon) VESSEI VOY SIN PKI PEN PGU MAWUMYINE SOW SID MM YA 15/ SID MALAYSIA AGENTS: lOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKI: Til (03) *****01 PIN; TEI (04)*****02 PGU: TU (07)*****21/4 BANK LINE (A
      448 words
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      Page 35 Advertisements Column 2
      1650 35 HMMO HYUNDAI MERCHANT MARINE c IvtSffl VOY I SIN I SOU lUM 1 RTM 1 ANT IHARI »RV IFR [VESSEL VOY SOU l» RTM ANT HAW IV FS HS KY COMMODORE 31SW 15/10 02/11 07/11 04/11 05/11 THAMES SSOE 21/09 24/0* 23/09 24/09 15/10 RHME 523W 14/10 05/11 07/11 02/11
      1,650 words
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      Page 35 Advertisements Column 3
      1029 35 TP' < norwegkjn specialized 01Docaman ©ssoe TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE* VfSSfi VOY RAMP HEIGHT SIN LAX CXL MU SAV Ml OtF NYC I NEW I MOB TEXAS FB2O 400 Tmk 6.3 M INPORT 09/11 TI7TI 2T7TT 23/11 25/11 24/11 27/11 02/12 05/12 TOBA FB2l 400 Tom
      1,029 words
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      930 36 B AMOK OK/MAP TA PHUT/LAMM CHABANOI J AK AWT A/PAN JAM O VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA RATNA RNAO6S In Pt 17/10 THANA BHUM 3068 In Pt 17/10 NANTA BHUM" 415N In Pt 17/10 18/10 GURU BHUM 998 In Pt 18/10 BANI BHUM
      930 words
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      Page 36 Advertisements Column 2
      557 36 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-COWTAINERtSED SERVICE VtL VOT I mB A OAM/* DA* HUM MEMiN AMTWEM A KtKl 11, I i nnt (MUT H/V1 TO AUSTRALIA "1 FULL CONTAINER SERVICE vs. wr m w w w «a w USUGAI IS IVNI7/W 2*lo ano 02/11 Mm Mowmuwpwwon ia~ antMn*
      557 words
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      Page 36 Advertisements Column 3
      837 36 VESSELS WY "SIN""" JED IM.A LEH HAW THP RTM ZEE VM-LE OE TAURUS A3BH 19/10 26/10 02/11 Igjl 08/11 11/11 11/11 12/11 VH£ D-AQUAWUS ll■> 26/10 04/11 08/11 15/11 16/11lfl/11 IWII W-LE OE AHTARES L2BW 03/11 11/11 Wll 22/11 23/11 25/11 25/11 2^ll V*_L£ DC VROO S2B¥/ 10/11 08/11 ZVII
      837 words
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      Page 36 Advertisements Column 4
      23 36 CONVENTIONAL SERVICE LOADING FOR MADRAS/BOMBAY Accepting heavy lift Upto 28 tons ETA 22.10.98 FCLACL WEEKLY SAIUNO TO BANGKOK/HO CHI MMH/HONG KARACHI JAP AH^XIRSAN/MADWAS/BBYA^OLjOMPO
      23 words
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      49 37 MMfilWf STEtffcDial 740-6000 Oil G€fTl3nG I (Retrieve more schedules!) Press "1" ifTV Select the port and key in STEiC* the four digit code eg: 7o /Vew York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document will be Shipping Times
      49 words
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      141 39 S N kbh FREE Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: 7 Cargo Ready by: T Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times
      141 words
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      Page 40 Advertisements Column 1
      966 40 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL. P18ECT*****41/43 JESSICA/CELIA/MEI CHAN 7 slgs/week (253ZH15Z31 2 slg/week VESSEL fVOY SIN f~JAK [VESSEL |VOY SIH [PLB ACX CLOVER 905 IN PT 17/10 (SAT) INTEGRA
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      Page 40 Advertisements Column 2
      722 40 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER VESSEL VOYAGE IT* SINGAPORE ETA COLOMBO ETA KARACHI SHAUMAI 001 WW IS/10/W 20/10/98 2S/IQ/W SWAT 001HW 22/10/98 27/10/98 01/H/88 SHALAMAI 007HW 05/11/98 10/11/98 IS/11/W SWAI 007HW 12/11/98 17/11/98 22/11/98 SHAIAMAR 003HW 24/11/98 01/12/98 04/1 J/*
      722 words
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      Page 40 Advertisements Column 3
      472 40 W FAR EAST 18/10 KEELUNG/KAOHSIUNG 18/10 BANGKOK 18/10 MANILA/CEBU 18/10 JAKARTA/BELAWAN/SURABAYA 18/10 PORT KELANG/PENANG/E. MALAYSIA 14/10 BUSAN 18/10 TOKYO/YOKO/KOBE/NGO/OSA 18/10 HONG KONG SIN CHINA 18/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU m EUROPE/UK 19/10 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 19/10 LOS ANGELES/NEW YORK all IPI points
      472 words
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      Page 40 Advertisements Column 4
      558 40 Singapore Soviet Shipping CPL a Mo lOOSOMOOOON Multiline Shipping PL a N* It/STfJOOOOC VESSEL VOY SIN BOM PNG PKL KOTARATU RTUO23 17/10 25/10 06/11 06/11 BUXMOON 119N 25/10 02/11 13/11 14/11 KOTA RUKUN RKNOI7 31/10 06/11 18/11 20/11 VESSEL VOY SIN CALCUTTA SIN MREGINA RGAO69 14-15/10 jj 20/10 30/10 SINARMALAKA
      558 words
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      Page 41 Advertisements Column 1
      937 41 I MICIC TRANSPORT I APM SAIGON SHIPPING SHUTTLE S ERV CE 1 vtss{i I vot I msrom I roo Immrow I Ivcsa vot rosww rctrraAHGl umm. oil 113/10 m» 16/10 120/10 FAUNA 9843 11/IOISUN) 19/10 20/10 WMSSJAYA 9*061 12/10 (MOM)IS?* OfSET 9M3 114/10(fit) I 19/10 22/10 MDMA W44 2S/10ISUN) 26/10
      937 words
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      Page 41 Advertisements Column 2
      1786 41 VESSa/VOYAGE SPORE I SOU 1 WW I HAM UH IVBSa/VOYAGE SOU Irm HAW 1 L£H STORE KOOE NAGOYA SHMMZUI TOKYO SSSS 07WA42 2110 OMI Mill SI! liil! NYK ANDROMEDA ***** 20.09 27.09 23.09 27.09 1110 1110 20.10 2110 21.10 NYK AHOROMEDA 04WA43 21.10 1111 1111 17.11 21.11 POWROTTBtDAM 031A39 24.09
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      976 42 I VESSEL VOY SIN MAA SIN TIGER BRIDGE 653N 14-15/10 20-24/10 29-30/10 TIGER BAY 654N 18-19/10 23-28/10 02-03/11 TIGER PEARL 656N 23-24/10 28-03/11 07-08/11 TIGER ISLAND 655N 26-27/10 31 06/11 10-11/11 TIGER BRIDGE 657N 29-30/10 04-09/11 14-15/11 TIGER BAY 658N 02 03/11 07-11/11 16-17/11 IVESSE^^^^VO^^SJJ^^CA^^SI^I TIGER SPRING 341CN8 16-17/10 23-27/10
      976 words
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      Page 42 Advertisements Column 2
      813 42 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin9singnef.com.sg LOWEST RATES IN THE MARKET WEEKLY CONSOLIDATION SERVICE XINGANG (DIRECT) TIANJIN VIA XINGANG BEIJING VIA XINGANG FOR BOOKING, PLEASE CALL TEL: 1800-*****66 Over—as Offices Hongkong *****113 flmi«asiaonlin«.net Port Ketong *****40 flamettn.rwt.my Bangkok *****42 kunfhidoefloth.co.th Surabaya *****00 fie-luMsby. mega. net.
      813 words
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      Page 42 Advertisements Column 3
      1154 42 lOOCL (Sinoopore) Pte Ltd CFS Keppel 79 AjimhßMJ #21-04 (S) *****6 Mk 513 #01-128 c CI MO **********0H 1.1: 272 7827 For booking gb. Uk *****13 F.i 221 3942 f.i: 272 7825 Orient Overseas Container Line iNfwjr mjjj (Malaysia) Sdn Bhd (Reg No: *****2-U) call PfTALING JAYA l«fc 03-754 7776
      1,154 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      134 43 IPS nofe \/^^os LEGEND: K Thunderstorm Temperature c X\ V Shower Weather Wind direction with speed in knots Rom W Cloudy Sky Wov< h ht S-Hoce winds ore indicated by arrows which Hy with the wind \Z) ry fL circle represents colm or light ond vor,ob4e wmds J.. One holt
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  • Logistics Asia '98
    • Article, Illustration
      Lock icon Virtual logistics the way to go
      700 45  -  Going electronic means companies can enjoy a shorter time-to-market, greater cost-savings and a more efficient supply chain. By DONALD URQUHART Donald, Urquhart is a writer with the Special Projects Unit, SPH. In today's economy, logistics permeates practically every aspect of a business. As Keppel
      Photos: CWT Distribution Limited  -  700 words
    • Article
      All about LA '98
      158 45 Logistics services and soslutions will complement open discussions on the future of logistics at the Logistics Asia '96 exhibition and Integrated Logistics Asia '98 (ILA '98) conference which open today. More than 150 exhibitors from around the world will showcase their products and services at the
      158 words
    • Article
      A regional logistics hub
      200 45 The trends of globalisation, e-commerce and the new focus on supply chain management, combined with the regional crisis, mean a window of opportunity for Singapore. Prof Hum said Singapore can become the regional logistics hub: 'Through strategic alliances and leveraging on information and computer technology, local
      200 words
    • Article, Illustration
      Lock icon Wanted: efficient supply chains
      520 46  -  To compete in global markets, companies are under pressure to produce high quality goods quickly and at a low cost. They are turning to logistics companies who can offer a one-stop service for supply, warehousing and distribution. By CYRIL RODRIGO Cyril Rodrigo is vice-president, Asia Pacific
      Photo: CWT Distribution Limited  -  520 words
    • Article
      LA '98: WHAT'S ON
      129 46 TODAY TIME EVENT VENUE 05°?" 9 am-11 am Logistics education Room forum 301-302 11 am-6 pm Logistics Asia *98 Ha* 401 11.30 am-12.30 pm ILA'98 Opening Room Ceremony 303-305 3pm-5pm Challenges of logistics Room hTJsia 303-305 TOMORROW 9 am-10.30 am Building an integrated Room logistics nefciwfi
      129 words
    • Article
      See IT in action
      72 46 The highlight of Logistics Asia '96 will be a 500-sq m virtual showcase a simulated warehouse environment of integrated logistics management solutions at Hall 401 of Suntec City Centre. Sponsored by Keppel Logistics, it presents a mock-up automated and computerised warehousing control centre showing logistics and
      72 words
    • Article
      Make a date with 2000
      49 46 Logistics Asia 2000, a mega-exhibition and forum is being planned by LA *98 organiser, Miller Freeman Exhibitions, at Singapore Expo from Mar 28-30 in the year 2000. It promises to be double the size of this year's show, with more interesting concepts and conferences.
      49 words
    • Article, Illustration
      Adding value
      177 46  -  Cyril Rodrigo A customer experiencing unreliable order fulfilment and delivery as well as high operating costs in the distribution system asked Emery Worldwide to set up and manage an 80,000 sq ft distribution centre. Emery re-engineered the entire order management and warehouse operations. This resulted in cost savings
      177 words
    • Article
      Study logistics in Singapore
      309 47 New degrees and diplomas can benefit adult workers and career starters alike. You don't have to study logistics abroad. As Singapore strives to become a global logistics hub, some local institutions and education providers have geared up for a boom in the demand for specialised knowledge.
      309 words
    • Article
      Lock icon Supply chain via the Internet
      363 47 CWT's online system allows quick processing of documents. Article contributed by Logistics Asia/Integratod Logistics Asia, Miller Freeman Exhibitions. Logistics, now regarded by many companies as a competitive tool, has developed rapidly in the past decade. In the '60s and '70s, entry was by specialisation and
      Article contributed by Logistics Asia/Integratod Logistics Asia, Miller Freeman Exhibitions.  -  363 words
    • Article, Illustration
      Lock icon Aim for e-business
      400 47 IT in logistics: Two companies' electronic solutions Keppel's electronically integrated way to global tracking. Article contributed by Logistics Asia/ Integrated Logistics Asia, Miller Freeman Exhibitions. The digital age has caught the logistics industry in its grip. Today, no company can afford to overlook information technology (IT) as
      Article contributed by Logistics Asia/ Integrated Logistics Asia, Miller Freeman Exhibitions.  -  400 words
    • Article, Illustration
      Lock icon How outsourcing can up profits
      720 48 Lower costs, improved service and higher productivity are some benefits companies can look forward to, after outsourcing their logistics functions to logistics providers. Here, key advice on what, when and how to outsource. Adapted from an article in Manufacturers' Digest April/May 1998, published by the
      Adapted from an article in Manufacturers' Digest April/May 1998, published by the Singapore Confederation of Industries.  -  720 words
    • Article
      Watch that inventory!
      253 48 For many companies, one of the biggest logistics costs is inventory. It is opportunity cost capital tied up in raw materials, components, semi-finished products and the finished products themselves. Some studies estimate that as much as 50 per cent of a company's current assets can be tied
      253 words
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      Page 45 Advertisements Column 1
      91 45 Inchcape Distribution Services Full Warehousing^^ and Distribution ServU^s -jag Airconditioned storage SHR Bpnded warehousing facilities Regional warehousing and B distribution Inventory control stock ■HHMb I ifflU I reporting ED 19 s&sft fl H hm y SM Immmi I u c m P uter support EDI iHaaiV facilities iv E5 I
      91 words
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      Page 45 Advertisements Column 2
      202 45 '■m- f: f ,7 i H 71 -■iffs'-'■ I I i <*. < 1 vTVfnn^H'Bv IJAMVkt'V KcMrnusi^^^yLUfiifl I fl|| Wm n Mtfslfi CARGOWAYS LEADING THE PASSAGE TO INDIA DAILY Widen your network with Singapore's only NVOCC specialist to the Indian subcontinent There is no better partner for LCL and FCL
      202 words
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      Page 46 Advertisements Column 1
      41 46 MM t INTEGRATED h LQG |ST| CS/ x For more information, please contact: U Lynn Toh, MHler Freeman Exhibitions Pte Ltd 100 Beach Road, #26-00 Shaw Towers, Singapore *****2 Phone: (65) 294-3366 Fax: (65) 299-9782 Logistics Asia Email: lynri_toh@mfasia.com.sg Website: www.logistics-asia.com.sg
      41 words
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      Page 47 Advertisements Column 1
      141 47 pSfe g Leader in Global Logistics. As a Total Logistics Provider, AEI takes excellent care of your freight forwarding and logistics needs in the air, on the sea and on land. Our services even include total warehousing and distribution on a local, regional or international basis for a totally integrated
      141 words
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      Page 47 Advertisements Column 2
      151 47 By Mr, Lad w Sn lit fete Ml Tin WarM Nr Van. m ml ml WWi 888 B mffm B^WBB® Trust Us. FORWARDING SERVICES International Freight Forwarding (Sea Air Land Services) NVOCC Operator Cargo Consolidator Distributor (local worldwide) CFS Operator Shipping Documentation Custom Clearance Packing, crating removal sen/ices Door-to-Door Delivery
      151 words
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  • Page 48 Advertisements
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      Page 48 Advertisements Column 1
      304 48 Established since 1981, MMC 111 (h 11* 11 lM inllMll rIH Kj Iy A Professional Development Centre among the RECOGNISED DIPLOMA PROGRAMMES Pr, f' onalTrd,n,ns( nrrf "Q 4.4. .1 t J n i D jt in Singapore to introduce Setting the Trend in Competency-Based Training RE'TRAIN UPGRADE YOURSELF t Advanced
      304 words
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      Page 48 Advertisements Column 2
      115 48 We provide the following: 1. Conventional and containerise trucking 2. Warehouse space of 50,000 sq feet 3. Pick, pack and deliver to factory production line or end user. 4. We also provide full logistics services (International distribution). O**- 00 WORLDGATE EXPRESS LINES PTE LTD 4' v 180 Cecil Street #16-03/04,
      115 words