The Business Times, 16 October 1998
1998-10-16
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42
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The Business Times
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Title Section12 1998-10-16 1 MITA(P) IKVI2/97 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, OCTOBER 16, 199812 words
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Article60 1998-10-16 1 O MMJC (+»J7) n»« LJ WM (+16.30) yisoisciniTuiiß UlttM(+6.7) ggIUIIEUOtt mmwkwmvmm Timraday Change KLSECOMP JUtt *%M NIMH 1SJMJ7 -71* IAIWSENO 8,***** +1M41 SET INDEX 296.11 ♦1« J |7 JAKARTA COUP —MiM MANILA COUP —1,***** +1&M TAIPEI WPI I.7MJS -1M4 SEOUL COMP M&74 +HJ1 CL8A CHINA B MM1 >lfl60 words
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Article70 1998-10-16 1 FOUX KATES uss si us$_ mi £{IJS1SS per 1.7» 1744 D*- 1.07 MM YE* 1117 UN* W MM 14S4 HW 7.747 MM BAHT mo M42 ■fPIAH MM M19* •stto Htmm PUD 1MB SINGAPORE* 1M KUALA LUMPUR 11 J* JAKARTA M BANGKOK 14.76 MANILA AM HONGKONG XWPH .AM SYDNEY 8.4670 words
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621 1998-10-16 1 Ronnie Lim - CMS Energy awaits independent power producer licence from PUB By Ronnie Lim [SINGAPORE] US power giant CMS Energy Corporation which jointly with Keppel Fels is bidding to buy into the $3 billion Tuas Power company is in talks with the621 words
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Article, Illustration328 1998-10-16 1 R Sivanithy - By R Sivanithy [SINGAPORE] Singapore share prices rebounded 4 per cent yesterday as dealers reported a perceptible change in the pulse of fluid managers fearing being left out in the fi-nal-quarter performance stakes. The outcome was that the Straits Times Index, whichSource: Bloomberg - 328 words
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Article, Illustration359 1998-10-16 1 Lu Ning - By Lu Ning [SINGAPORE] Singapore has displaced the US to rank No 1 in per capita gross national product (GNP) in terms of purchasing power parity (PPP) for 1997, according to the World Development Report 1998/99 released by theSource: 1996 World Development Indicator World Development Report 1997/98 - 359 words
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Article, Illustration76 1998-10-16 1 [SINGAPORE] They look like giant test-tubes left behind by some absent-minded scientist. But actually they are four two-storey-high funnels of water guarding the entrance to Far East Square on Telok Ayer Street. To the Chinese, flowing water signifies good luck, a point made by a brass plateARTHUR LEE - 76 words
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472 1998-10-16 1 Shoeb Kagda - It wants condition to be inserted in next letter of intent From\ Shoeb Kagda in Jakarta THE International Monetary Fund (IMF) yesterday made it crystal clear that it objects to any form of capital control being introduced by Indonesia, and insisted that472 words
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810 1998-10-16 1 Quak Hiang Whai - From' Quak Hiang Whai in Hongkong SUN Hung Kai Properties, Hongkong's largest property group, stunned the market yesterday with a provision of HK$4.7 billion (***** million) for asset devaluations which slashed its full-year earnings by half to HK57.26 billion from HK$l4.2 billion last year.810 words
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Advertisement146 1998-10-16 1 IK HIDE In thai tax arts himM A corporate tax cut will only have a significant impact as part of a larger cost-cutting package, say experts polled by BT, F|2 The White House and US Congress are still locked in negotiations over a framework deal fbr the i960 budget, Pf146 words
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Advertisement13 1998-10-16 1 Editorial: The way of the marketplace, Pg 13 Regional market reports, Pg 22-2613 words
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Advertisement101 1998-10-16 1 Blanc paiN SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. NEVER WILL II Kflßfl^K^^^Pr L The Flyback Chronograph The screw-in crown, push-buttons and case back guarantee the Flyback chronograph's water-resistance to <^> Cortina Watch Centre EXCLUSIVELY AVAILABLE AT: SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel:101 words
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Advertisement17 1998-10-16 1 US Congress agrees to USslBb IMF funding, Pg 3 Nim Ihst > flraatra airs its grievances, Pg 1317 words
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SINGAPORE AT HOME & ABROAD
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521 1998-10-16 2 Eugene Low - Market reckons the current 26% tax rate is nnlikely to go below 25% By] Eugene Low WHILE any corporate tax cut would be welcome, it would only have significant impact as part of a larger package of cost-reducing measures, say521 words
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359 1998-10-16 2 Carol Eng - He says that's too gloomy, clarifying earlier statement Byi Carol Eng IT is impossible for unemployment here to hit 9 per cent next year, even if the economy contracts in the third quarter and market expectations of recession in359 words
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348 1998-10-16 2 Anna Teo - By. Anna Teo WITH the services sector accounting for two-thirds of gross domestic product (GDP), the Department of Statistics (DOS) is developing new measures to better track the performance of the sector, particularly emerging industries like financial derivatives trading, IT and348 words
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Article, Illustration360 1998-10-16 2 Annette Pau - By, Annette Pau APPLE Computer will hit local consumers with the iMac tomorrow through aggressive channel marketing. Tie-ups with new retail partners will be "key to our success", said Graham Long, president of Apple Asia Pacific yesterday. "We believe the iMac is soSIEW YAW HOONG - 360 words
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310 1998-10-16 2 A THE Star Hub Consortium has pledged a total $150 million in performance bonds to the Telecommunication Authority of Singapore (TAS) to ensure its fixed line telephone and mobile phone networks will be up and running by April 2000. The latest Vistas,310 words
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341 1998-10-16 2 Audrey Tan - EYE ON THE ECONOMY Outlook By, Audrey Tan SINGAPORE'S non-oil domestic exports are expected to have shrunk in September, though economists are divided on the extent. A BT poll found estimates ranging from -0.8 to -10 per cent from six forecasters, with the average forecast341 words
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505 1998-10-16 2 Marissa Chew - They are waiting for condo prices to fall farther: NUS study By\ Marissa Chew SOME HDB upgraders are finding leasehold private condominiums to be more attractive and affordable than executive condos, a study by a class of real estate students at the National505 words
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304 1998-10-16 2 Sree Kumar Singapore - LETTERS TO THE EDITOR Sree Kumar Singapore WARREN Low argues well in his letter "In defence of bankers and developers" (BT, Oct 15). And this is as it should be. As a banker he has added a further dimension to the question of consumer304 words
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Article282 1998-10-16 2 Frank Lee Chee Hoon Singapore - Frank Lee Chee Hoon Singapore I WOULD like to add to the last part of Warren Low's letter (BT Oct 15) on our property market being in need of fixing. To almost everyone involved in property, this is a pretty obvious point, and a glance at282 words
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Page 2 Advertisements
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Advertisement9 1998-10-16 2 Apple tops forecasts with strong iMac sales, Pg 199 words
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ASIA'S ECONOMIC SLUMP
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555 1998-10-16 3 Larry Wee - Fears of global recession on the rise; yen, rapiah could fall back, it says By] Larry Wee [SINGAPORE] European assets in general, and their sovereign bonds in particular, could be the best bet for investment funds seeking a new home555 words
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Article, Illustration318 1998-10-16 3 Reuters [WASHINGTON] In a major victory for the White House, Republican leaders said on Wednesday that Congress would hand over US$lB billion (S|29 billion) to the International Monetary Fund to bail out economies swept up in the global financial crisis. In exchange forReuters - 318 words
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273 1998-10-16 3 Obuchi gets problem loan data wrong twice Reuters (TOKYO] Japanese Prime Minister Keizo Obuchi was forced to apologise yesterday for exaggerating the amount of Japanese banks' problem loans and then getting it wrong again while trying to correct his mistake. Mr Obuchi said he told a gathering of managers ofReuters - 273 words
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518 1998-10-16 3 Anthony Rowley - Major banks undercapitalised, says BOJ governor From, Anthony Rowley in Tokyo ON the eve of today's expected passage of critical banking legislation by the Upper House of the Japanese Parliament, Bank of Japan governor Masaru Hayami yesterday urged all major Japanese518 words
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267 1998-10-16 3 Reuters [BANGKOK] Thai Finance Minister Tarrin Nimmanahaeminda said yesterday that Thailand had not abandoned a plan to float at least US$l billion (551.61 billion) of offshore sovereign bonds but had delayed it because of Asian financial volatility. Finance ministry sources said growing liquidityReuters - 267 words
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Page 3 Advertisements
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Advertisement116 1998-10-16 3 sees US$ slump to 109 yen, Pg 12 Plan for the future with PRUDENTIAL TOWER a new office at Prudential AT RAFFLES PLACE Tower. Built on one of the last prime sites in Singapore's financial district. Prudential Tower is an intelligent features such as raised flooring, energy-efficient jJjik power supply116 words
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Advertisement8 1998-10-16 3 Will Japan banks apply for funds? Pg 68 words
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Page 4 Advertisements
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Advertisement242 1998-10-16 4 •—Hanjung and Siemens AG congratulate CMS Energy Asia on the signing CMS SVfcAf^ of the landmark agreement for Taweeiah A 2 power and water project and their partnership with Keppei FELS for the Tiias Power project. Desalination Power Plants Your Reliable Partner HANJUNG Power Plant Phase I in Saudi Arabia,242 words
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Advertisement972 1998-10-16 5 When the answers seem to be worlds away...Call Us Our commitment to bring energy to Asia knows no boundaries. jlr Now, further strengthened by our partnership with Keppel FELS, we bring the value of our worldwide —m— l experience together with the first class capabilities of one of the most972 words
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FOCUS
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Article, Illustration1676 1998-10-16 6 Anthony Rowley - The well-developed sense of shame among Japanese people may well conspire to discourage applications for capital injections By, Anthony Rowley [TOKYO] JAPAN'S latest banking rescue plan has been greeted with widespread scepticism because of wide gaps between policy formulation and implementation in the past.AFP; FILE PHOTO - 1,676 words
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Advertisement79 1998-10-16 6 *Terms and conditions apply! Absolutely yes! 10 new SEAT Alhambras have just arrived for you to enjoy during the festive season. At a price that's a very pleasant surprise! The new Alhambra hosts an array of spectacular features and is far ahead of other MPVs. So hurry down to our79 words
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Advertisement143 1998-10-16 6 I Buying Accounting Software? I I Have you checked out the I I past history of the developer? I I We encourage you to check out background of the founders and directors before you buy: -How long has the company been in existence H I What is the paid up143 words
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SOUTH-EAST ASIA
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334 1998-10-16 7 MANILA Bloomberg THE Philippine central bank transferred the closed Orient Commercial Banking Corp to the state receiver, beginning the nation's first liquidation of a commercial bank in 12 years. While Orient is the first among the country's 56 commercial banks to capsize since theBloomberg - 334 words
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311 1998-10-16 7 From Meera Tharmaratnam - From From Meera Tharmaratnam in Kuala Lumpur DANAMODAL Nasional Bhd, the agency set up to recapitalise Malaysia's ailing banks, will issue 11 billion Malaysian ringgit (554.7 billion) in five-year, zero-coupon bonds to get the next phase of recapitalisations underway. The agency311 words
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Article, Illustration541 1998-10-16 7 MANILA He tells Nnrnl Izzah that her father should not waver Bloomberg Bernama PHILIPPINE President Joseph Estrada told the daughter of Malaysia's jailed former deputy prime minister Anwar Ibrahim that her father should be "unwavering in his fight". Mr Estrada met 18-year-old Nurul IzzahBloomberg; Bernama; REUTERS - 541 words
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769 1998-10-16 7 Eddie Toh - Bat govt hasn't given nod for bond issue to retire 50% of Renong debts, premier says From Eddie Toh in Kuala Lumpur THE Malaysian government may resort to other bond issues to rescue troubled companies like in the proposed769 words
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Page 7 Advertisements
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Advertisement1317 1998-10-16 7 I Light up your life at I our Deepavali g I auction! I rp lL SUNDAY 18 OCT 98 cb rp til rp £-1j i rp Z.S.y jj T ["I LJ K-j Renong deaL who really pays for it?, Pg 17 BiKWff Mliiad payments cause cross-defaults, Pg 18 «<3ZIX[M] u>a©1,317 words
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Advertisement1127 1998-10-16 8 A BT SPECIAL ADVERTISING FEATURE ♦The Games m m W B™ collection AV I /f Afeast of ti j WO/P^ln recent Salon International de ing true to its distinct character, t/w? Jfcj* Vl la Haute Horlogerie (SIHH) or Inter- result was a stunning display of the \J national Luxury Watch1,127 words
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Advertisement1069 1998-10-16 9 ist of time JliKrth 1 icent Salon International de ing true to its distinct character, the M*?j ma L Horlogerie (SIHH) or Inter- result was a stunning display of the 111 ffl CJC^Cji Luxury Watch Fair held in traditional and contemporary, of the companies of the Ven- technical mastery and1,069 words
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CHINA-HONGKONG-TAIWAN
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485 1998-10-16 10 BEIJING Foreign investment drop moderated by increase from Europe, N America Bloomberg AFX-Asia DIRECT foreign investment in China by other Asian countries slumped in the first half as the region's economic crisis battered banks and companies, the International Business DailyBloomberg; AFX-Asia - 485 words
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241 1998-10-16 10 HONGKONG AFP HONGKONG'S exports will continue to face pricing pressure in the coming year because of increased competition from countries whose currencies have devalued during the Asian financial crisis, a trade report said yesterday. The quasi-official Trade Development Council (TDC) also said in itsAFP - 241 words
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Article384 1998-10-16 10 BEIJING AFP THOMSON Bank Watch yesterday downgraded the shortterm local currency ratings on 20 Chinese banks, including the four largest commercial banks. "The systemic downgrade of banks reflects the eroding confidence of Thomson BankWatch analysts in what has so far been an effective governmentAFP - 384 words
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Article, Illustration383 1998-10-16 10 SHANGHAI Reuters TAIWAN'S senior envoy Koo Chen-fu lavished praise on Shanghai's stock exchange yesterday and called for a bigger market role for Taiwanese firms. "It's amazing," Mr Koo said while standing on the sprawling trading floor of the exchange, completed last year at a costReuters; AFP - 383 words
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295 1998-10-16 10 HONGKONG It is collating views on whether to extend freeze on land sales AFP HONGKONG'S ailing proper ty market is showing signs of stabilising, but the outlook remains uncertain, a senior official said yesterday. "I believe statistics and data in the last few weeksAFP - 295 words
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Advertisement230 1998-10-16 10 —BP' TT-T-TTT-nHIIIIII 111 1 I Available with 1 colour panels, mirror panels, HRE| stainless steel panels, stainless steel wraps and J designed for built-in MA K< mm Of i 180 Paya Lebar Road >09-03 Yi Guano Building j Showroom 176 Orchard Road 003-43F Centrepoint Singapore *****3 Tel: *****88 ot an230 words
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ASIA
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353 1998-10-16 11 TOKYO 43% rise in August follows July's 53J% rise as consumer spending dries np AFP JAPAN'S sagging imports pushed its current account surplus up 43.6 per cent in August from last year, officials said yesterday, as the central bank warned theAFP - 353 words
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207 1998-10-16 11 TOKYO Bloomberg TWO of Japan's most prestigious business organisations said they may set up a private institution to buy shares directly from cash-starved companies as a way to prevent them from pulling down the stock market by selling large equity blocks. Keidanren,Bloomberg - 207 words
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398 1998-10-16 11 SEOUL Claim that voluntary reform is better angers civic groups AFP SOUTH Korea's unwieldy conglomerates yesterday demanded a stop to official interference in corporate reform, turning up their nose at government warnings and widespread public anger. The demand by the familycontrolled conglomerates, or chaebol,AFP - 398 words
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302 1998-10-16 11 SEOUL Bloomberg, AFP AFP SOUTH Korea's corporate bankruptcies fell to a 19month low in September, as falling interest rates helped relieve the burden of interest payments. Corporate failures totalled 1,086, including 404 in Seoul, the lowest since February last year. It compared with 1,337Bloomberg, AFP; AFP - 302 words
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Page 11 Advertisements
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Advertisement170 1998-10-16 11 mi^rn ■MT w/m mL J A O^^KIR 1 > i j*"**^ Test ride the BMW Kl2OO OS at Performance Motors Limited. East Coast Centre. ■mM^JB 280 Kampong Arang Road Tet: 346 7227/340 1819 Moo-Fn: 9am to 6pm Sat: 9am to Ipm. A member of the Sime Singapore Group The Ultimate170 words
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THE WORLD
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379 1998-10-16 12 TOKYO Report points to 400b yen of book losses on the bank's securities holdings AFP TOKYO'S financial authorities will accept that the Long-Term Credit Bank of Japan's debt exceeds its assets as they put the troubled bank under state control, reports said yesterday.AFP - 379 words
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Article, Illustration61 1998-10-16 12 [PARIS] A bloodied youth suspected of hooliganism being arrested at Paris' Place de la Nation yesterday as tens of thousands of students took part in a demonstration through central Paris to protest against the lack of educationalfacilities. The hooligans taking advantage of the largeAFP - 61 words
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410 1998-10-16 12 LONDON It also forecasts 9% decline against mark in six months Bloomberg GOLDMAN Sachs International, the world's fourth largest bank in terms of currency trade, slashed its forecasts for the US dollar to reflect a further 7 per cent decline againstBloomberg - 410 words
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193 1998-10-16 12 CAMBRIDGE, Massachusetts Reuters JOHN Kenneth Galbraith, the "people's economist" who has advised Democratic presidents starting with Franklin Roosevelt, foresees a US recession and worries that "the innocent" will suffer. Mr Galbraith turned 90 yesterday an event that will be celebrated at HarvardReuters - 193 words
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197 1998-10-16 12 WASHINGTON Reuters A SURGE in car prices boosted US wholesale prices in September, but analysts linked the rise to special factors and said it did not point to rising inflation pressures. The Producer Price Index (PPI) rose 0.3 per centReuters - 197 words
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Page 12 Advertisements
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Advertisement201 1998-10-16 12 1 I LOOK! THE GREATEST FEATURES ARE INVISIBLE. t The dual band GSM 900/1800 systems makes it easier to stay connected. qg^rlatewvu* a 7 WM in yisiblc, and The modem the SH 888. lets you connect to the as well as send and receive faxes and e-mail, wherever you are.201 words
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EDITORIAL & OPINION
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737 1998-10-16 13 Russell Baker - THE BOTTOM LOVE OPINION By Russell Baker The writer is a New York Times correspondent NYT SOME say the end will come by fire, and some by ice, but I say farce is just as likely. Oh, probably not the farce that consumesNYT - 737 words
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Article166 1998-10-16 13 I am concerned they've never seen this before, they've never seen a downturn of this magnitude. Markets by definition go up and down. The most important factor is to neither fall in love nor become disenchanted with securities.' L Arthur Levitt the chairman of the US Securities166 words
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Article611 1998-10-16 13 EDITORIAL STOCK markets in the Asia-Pacific seem to be edging slowly up again and this might be a good time to take another look at the unshakeable capacity of sane and sophisticated investors to periodically abandon all reason and stampede like a herd This trait611 words
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Article, Illustration1258 1998-10-16 13 Shoeb Kagda - Resource-rich region receives little from central government, prompting demands for more autonomy From Shoeb Kagda The writer is BT's Jakarta correspondent in Medan FROM the air, the area around Medan is a sea of green palm oil and rubber plantations, which cover more than 70,000FILE PHOTO - 1,258 words
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Article917 1998-10-16 13 MobeTs doable-edged prise THIS year's Nobel Prize in economics is going to Amartya Sen, whose work has focused on helping the poor and on analysing how government policies can cause starvation even when food is available. It is gratifying to see the prize given to a917 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1018 1998-10-16 14 STUART SILVERSTEIN; MARJORIE MILLER - Nobel Prize winner Amartya K Sen bridges the gap between economics and social policy, report stuart sxlverstein and marjorie miller STUART SILVERSTEIN and MARJORIE MILLER LAT-WP Amartya K Sen, a researcher celebrated for stretching the limits of economics to explore the plight of the world'sLAT-WP; REUTERS - 1,018 words
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575 1998-10-16 14 STYLE A US company offers real-world fragrances like Rubber, Dirt, Vinyl NYT [NEW YORK] "Techno fragrances are the coming thing," said Christopher Brosius of Demeter, the company whose line of fragrances won the best-of-show award last week at Extracts, the trade show atNYT - 575 words
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Article, Illustration530 1998-10-16 14 BOOKS NYT [NEW YORK] Novelists Tom Wolfe and Robert Stone and literary critic Harold Bloom are among the finalists for the 1998 National Book Awards, the US National Book Foundation announced on Wednesday. The foundation named 20 finalists in four categories and alsoNYT; FILE PHOTO - 530 words
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Page 14 Advertisements
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Advertisement440 1998-10-16 14 jtMfk Th« Advisory Firm KPMGSeminarScries Seminar on Fund Management and Unit Trust Industry 28 October 1998, Orchard Hotel Singapore Why attend: The fund management and unit trust industry in Singapore is going through an evolution. Participants of the seminar will: have an update of recent regulatory changes gain greater insight440 words
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Page 14 Miscellaneous
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Miscellaneous211 1998-10-16 14 the we&tber Singapore: Partly cloudy with thundery showers expected over most areas in predawn and early morning. Temperature (23/29 C) Asia-Pacific ho/BT Good. .feraaaleni 13/27 cloudy Stockholm 4/8 doudy Auckland 11/14 *»wers M«ra 21/34 dandy Vhh 1020 dowdy Ban&ok 36/13 lowers Zuridi 613 doudy Be(in« 11/30 lair Europe Lo/Hl* Oand.211 words
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Page 15 Advertisements
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Advertisement434 1998-10-16 15 IMi't (M k««? I nri it in rf'Os Cats' Mews I Ctfali C«ti' Mwt i» tuitj Clwifld tHi mbri, J jcAxsi Where to wine, dine and sgj| Gold. Now vou can wear it on tne inside I«';» -;i 11 on -i ;i 11 \l;i < .11 lc l>iniii<> X V>434 words
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Advertisement115 1998-10-16 15 EATJV Tfffp j£h TO KOH SAM Ul, THAILAND! MM with every tfder of our award-wkmlng Chicken Rice 4«t Chatterbox Coffeehouse, tbt Chicken Rico Capital of tbo Worid. TH 31 October 1808 only. Hurry! Coffeehouse lat floor Hasxiirvt QQ Singiparr JJJ Orchard W Suyaporr *****7. Teb 7J***** Fax: *****6! £xfgH>e<A kourr.115 words
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Page 15 Miscellaneous
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Miscellaneous830 1998-10-16 15 TV&RADIO Flriwlw ul2 vestment In Property). 7M Tamil Sethi (News, T). lidti;t»J i hTTSa—^ 2.30 pm TV innnvatinnc Y°ur Money (Series On 8.00 Berita 12 (News.M). 1 400 KidJ S pl. To Stretch Your 830 Citra Keluarga. strppt Do/tor;. 9.00 Aisyah. 500 Thesilvpr Rn.mhv Friday Ticket To The 10.00 Akhir830 words
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Miscellaneous130 1998-10-16 15 CEVFTIC CROSSWORD 29 But is not Harris's river! 5) 14 Dashing young fellow, a ftH H ff C lM£ln R luln E H DOWN swordsman (5) }klidMijß?Bs^B^l^fi 1 Album for the autumn (5-4) 15 Clear grassland (5) 2 Detestable attack (9) 17 Once, where list was amended 3 Slave once130 words
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THE LEADING EDGE
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Article, Illustration1458 1998-10-16 16 RAJU CHELLAM - Dr Kong Hwai Loong, winner of the Young Scientist Award this year, does cutting-edge research here to kill the tumour by starving it of blood supply, reports baju cbell&m RAJU CHELLAM HE'S the first Singaporean to have been accepted by Cornell University to assist inSIEW YAW HOONG - 1,458 words
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Article, Illustration456 1998-10-16 16 LIVER cancer accounts for about 8 per cent of all cancers in men in Singapore, and breast cancer is the leading cancer among all races here. "Liver cancer is quite a big chunk of all cancers in men here, as compared to, say the US,SIEW YAW HOONG - 456 words
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Page 16 Advertisements
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Advertisement108 1998-10-16 16 brought to you by SIR STAMFORD RAFFLES CLUB LIFESTYLE, d^H v l 4§c? ■MAUa, _^H 7%* Fruits of Success rj Qw taste ofsuccess achievement, recognition andfreedom v^y c5/> Stamford "Raffles C Uuh, cue are committedto providing our members wit/i opportunities to do just that. Our threepillars '*business', ''the jQrts' and108 words
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COMPANIES & MARKETS
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614 1998-10-16 17 Louis Beckerling - Shamrock presents rescue plan, said to be on insistence of Malaysia's Camerlin By Louis Beckerling [SINGAPORE] The besieged board of Brierley Investments Ltd (BIL) sought refuge from the press here yesterday, refusing to emerge for a working lunch until hotel security614 words
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257 1998-10-16 17 Louis Beckerling - By] Louis Beckerling [SINGAPORE] Indonesianlinked stocks Van der Horst and Transmarco closed well below their intra-day highs yesterday, after the Stock Exchange of Singapore completed another round of "buyingin" of the two stocks to settle accounts left short last week. The257 words
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105 1998-10-16 17 [SINGAPORE] Courts (Singapore), the furniture and consumer electronics group, has clinched two financial deals with the DBS Bank. The first is its proposed issue of a $15 million floating rate note (FRN) due in 2001 which will be subscribed by DBS. The second105 words
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810 1998-10-16 17 Ruth Wong - HOCK LOCK SIEW Ruth Wong CREATIVE? Sophisticated? A bailout? Call it what you want, but the financial restructuring of the influential Renong group was unavoidable. Saddled with some 20 billion Malaysian ringgit (SsB.s billion) in debts that account for810 words
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192 1998-10-16 17 Denis Distant Singapore - LETTER TO THE EDITOR Denis Distant Singapore I REFER to your Oct 14 Hock Lock Siew column, "Shortsellers of Indon-linked stocks licking their wounds", and suggest that the Stock Exchange of Singapore revise and publish their rules for buying-in trades of short sellers,192 words
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Article, Illustration340 1998-10-16 17 David Boey - Market watchers see loss for 99-year project at that price Hy. David Boey THE Bonvests Group is launching over the Deepavali weekend its 88-unit Laguna 88 condominium at prices starting from $440 per sq ft. Sited off Bedok Road, along EastwoodFILE PHOTO - 340 words
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REGIONAL COMPANIES
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403 1998-10-16 18 From Meera Tharmaratnam - Loans totalling billions of ringgit now in doubt, gronp needs cash urgently From, From Meera Tharmaratnam in Kuala Lumpur CONGLOMERATE Renong disclosed yesterday that it had failed to meet interest and fee payments of 12.03 million Malaysian ringgit (Sss.l million). And403 words
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275 1998-10-16 18 Plan also running in Japan, Australia, NZ; S'pore target met Reuters (HONGKONG) Motorola Inc's Asian semiconductor products division said yesterday that the unit would cut staff through a voluntary severance plan in the region and might dismiss staff if it failed to meetReuters - 275 words
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294 1998-10-16 18 Bloomberg [SINGAPORE] Popular Holdings Ltd, a Singapore-based book retailer and publisher, may see fiscal 1999 profit in its retail unit fall compared with fiscal 1998, according to a company executive. Ashley Bala, Popular's group retail director, was speaking at aBloomberg - 294 words
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Article, Illustration330 1998-10-16 18 Bloomberg [SYDNEY] AMP chairman lan Burgess said he wants the life insurer's As 3 billion (Ss3.l billion) hostile bid for insurance company GIO Australia Holdings to be resolved through talks between the firms. Mr Burgess said the public battle betweenBloomberg; FILE PHOTO - 330 words
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109 1998-10-16 18 [SINGAPORE] The government has shortened to one day the time that proceeds from the sale of investments can remain in the CPF Investment Account, before being transferred back to the CPF Ordinary Account. Previously, the proceeds could stay in the109 words
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153 1998-10-16 18 AFX-Asia [JAKARTA] The Indonesian Banking Restructuring Agency (Ibra) said yesterday Bank Danamon's shareholders at an extraordinary general meeting have approved plans for a restructuring of its capital and balance sheets. This will allow the government to hold a 95 per centAFX-Asia - 153 words
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234 1998-10-16 18 AFP [SYDNEY) Australian resource giant BHP has been named in a potential US$5OO million (SsBll million) antitrust complaint in Hawaii, but vowed yesterday it would defend itself against all charges. The complaint was lodged by the Hawaiian AttorneyGeneral's office in the US DistrictAFP - 234 words
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COMPANY Briefs
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60 1998-10-16 18 AFX-Asia [HONGKONG] Swire Pacific Ltd is likely to reduce its property value by HK$2l billion (554.4 billion) after a re-evaluation, the Hongkong Economic Times said. The report said the group told market analysts that the asset value reduction will raise its gearingAFX-Asia - 60 words
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46 1998-10-16 18 Bloomberg [GUANGZHOU] Guangzhou International Trust and Investment Corp, an investment arm of the Guangzhou city government, has missed a US$3O million (5548.3 million) loan payment due, the Hongkong Economic Journal reported. The loan was arranged by the Societe Generale Group. BloombergBloomberg - 46 words
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57 1998-10-16 18 Reuters [SINGAPORE] China Everbright Pacific Ltd said yesterday it had to make further exceptional provisions for the loss in value of short-term investments. "The share decline and extreme volatility in regional stock markets necessitated a further exceptional provision for diminution in value of the group's short-termReuters - 57 words
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Article59 1998-10-16 18 Meera Tharmaratnam [KUALA LUMPUR] Seng Hup Corporation, a Malaysian retailer of electrical products, said it has defaulted on 41.9 million Malaysian ringgit (5117.8 million) of principal payments and RM2.6 million of interest payments in respect to short-term debt. The company's Indonesian subsidiary has an additionalMeera Tharmaratnam - 59 words
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INTERNATIONAL COMPANIES
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Article, Illustration514 1998-10-16 19 (He&rnings boost annual Drofit to USs3o9m, its first is three years Bloomberg [CUPERTINO, California] Apple Computer's fourthquarter earnings topped expectations, as strong sales of its new iMac personal computer rocketed the company to its first annual profit in three years. Net incomeBloomberg; REUTERS - 514 words
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Article234 1998-10-16 19 Bloomberg [TOKYO] Nomura Securities Co, Japan's biggest broker, said its parent company lost 33.72 billion yen (*****.9 million) on long-term securities during the six months ended Sept 30. The announcement came after the resignation of Andrew Friedwald, the head mortgage derivatives trader at the firm'sBloomberg - 234 words
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453 1998-10-16 19 Jennifer Lien - Shortage of Cheetah and fibre-channel drives: senior VP By Jennifer Lien [SINGAPORE] Disk drive maker Seagate Technology, which posted better-than-ex-pected quarterly results on Wednesday, is boosting output in Singapore due to shortages of some high-end drives. This is good news for453 words
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343 1998-10-16 19 Bloomberg [DEARBORN, Michigan] Ford Motor Co, the world's No 2 carmaker, said thirdquarter earnings rose 11 per cent as strong demand for its high-profit light trucks in North America overcame slumping worldwide sales. Net income rose to US$l billion (Ssl.6Bloomberg - 343 words
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347 1998-10-16 19 Move follows its first quarterly loss since 1989, and job cats Bloomberg [NEW YORK] Merrill Lynch Co has asked Daniel T Napoli, the executive in charge of overseeing the biggest US securities firm's risks around the world, to step down and take anotherBloomberg - 347 words
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277 1998-10-16 19 Bloomberg [SANTA CLARA, California) Intel Corp shares dipped on Wednesday as investors looked past strong third-quar-ter earnings and focused on a possible slowdown in computer sales because of the world's economic slump. Intel fell US$l to US$B2 9/16 in trading of 27.6 million,Bloomberg - 277 words
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FINANCE & COMMODITIES
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355 1998-10-16 20 Clarissa Tan - Efforts should help improve financial system's resilience, says agency Clarissa Tan [SINGAPORE] Standard Poor's yesterday said it holds a "positive view" of the sharp reduction Singapore's domestic banks have made to their external net liabilities. The rating agency said in a report that355 words
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207 1998-10-16 20 KEPPEL Bank and Tat Lee Bank have both cut their prime lending rates by 25 basis points to 7.25 per cent effective today, and slashed their fixed deposits. This completes the latest round of rate cuts by the six local banking groups the207 words
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468 1998-10-16 20 HEDGE FUNDS DEBACLE Credit losses include bad loan to small bank it bailed out FT [NEW YORK] Bank America, the largest US bank, on Wednesday sent tremors through Wall Street after announcing a US$l.4 billion (512.3 billion) provision for credit losses in the third quarterFT - 468 words
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141 1998-10-16 20 Reuters [WASHINGTON] Morgan Stanley Dean Witter Co, one in a consortium of 14 financial institutions that last month bailed out Long-Term Capital Management LP with a US$3.6 bUlion (Sss.B bUlion) capital infusion, said on Wednesday it invested US$3OO miUion in September. Morgan'sReuters - 141 words
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Article348 1998-10-16 20 Conrad Raj - Ry Conrad Raj [SINGAPORE] The Canadian Imperial Bank of Commerce has joined the slew of financial institutions that have begun to downsize overseas operations in the face of the region's declining economies. The bank yesterday confirmed that it had retrenched a number of348 words
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177 1998-10-16 20 It also recommends timely recognition of identified losses Reuters [NEW YORK] A Bank for International Settlements (BIS) committee has released a consultative paper recommending improved loan valuation, loan loss provisioning and credit risk disclosure for banks around the world. The report prepared byReuters - 177 words
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Article292 1998-10-16 20 Jardine Fleming - Report MSd Singapore Index Jardine Fleming THE Singapore market was the star performer in the Asian region yesterday. Markets in Hongkong, Seoul and Manila shrugged off a down day in Tokyo as well, but Singapore led the way. The MSCI Singapore Index Futures fully reflected that292 words
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Article153 1998-10-16 20 MSCI Taiwan ftitnres Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract moved sideways as bullish sentiment propelled by solid overnight performance on the US Nasdaq Composite Index was offset by concerns over earnings at banks and finance companies. The October 98 contract settled down 0.2Refco Singapore - 153 words
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204 1998-10-16 20 ENERGY REPORT Bloomberg [NEW YORK] Petrol rose 2 per cent after an industry report showed a greater-than-ex pec ted drop in US inventories last week as refineries slowed because of storm damage and maintenance operations US petrol inventories fell seven million barrels, orBloomberg - 204 words
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Article269 1998-10-16 20 Reuters AFP London DIMINISHED expectations of lower interest rates in Germany, after comments from Bundesbank president Hans Tietmeyer, knocked the dollar lower against the mark while the yen was nervous, back below recent highs. Mr Tietmeyer's remark that easing monetary policy to the point where it was inconsistentReuters; AFP - 269 words
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Article, Illustration1164 1998-10-16 20 WTHMUMK CROSS BATES <* t15 !L-JE^S-51^*S!fiZil2l2—J5l«25lil2jI2JEL-E2L--£LJ5L— J5-J2L^B*5EzJ* AMtrtto 0979 6.17* 0527 14*2 103* 4.90 ***** ***** 0.753 1444 2.4M 1124 *US1 TIjUI lfl?l II 4»M»l>r» trrf a W CM* 1011 5.377 0.539 3.556 1061 5.019 ***** 56.041 0.769 8.646 L462 114* 35.*****037 IM bS 0*64 zSauS OJW OM6 CNna 0.1901,164 words
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Article1572 1998-10-16 21 SICOM ruTuaES Oct 15 »WC»(»*FMdortq««tmp») KS1 cwKA<) Clow VoImm Obm I— Stl (taut) hrttmt **98 l».75 1325 CO-75 1450 £99 ***** 550 £2 ttl75 650 Mar 99 125.00 150 Apr/Am 99 12*25 128.00 128.50 150Q 2850 *5? W 132.50 150 0ct/D«c 99 136.00 RSS3C0NT1ACT (UScwtsfa) Vataaa Obm HHfc1,572 words
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Article1532 1998-10-16 21 Bloomberg □natoj22s -ISM JAPANESE stocks fell for a third day on speculation about losses at the US arm of Nomura Securities Co, Japan's biggest broker, after their head mortgage derivatives trader quit. "Speculation that Nomura's US affiliate failed is weighing on the market," said Tsuguya Onozuka, assistant manager atBloomberg - 1,532 words
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Article2157 1998-10-16 21 LONDON •ctB No 3t Group 501.400 1.400 AB Ports 275.000 -3.000 Abbey National 1067.000 26.540 Allied Oomecq 460.000 S.OOO Amec 178.000 1.000 Asda Group 163.000 -L600 BAT Ind 477.000 &000 BG Pic 396.000 15.000 BKX 55.400 -2.600 BOC Group 712.000 -24.000 BR Petroleum 854.400 8.600 BTW 100.0002,157 words
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Article, Illustration705 1998-10-16 22 AFP Composite Index +L 66 INDONESIAN shares closed 0.5 per cent higher yesterday in the absence of foreign buying and amid a firmer rupiah, dealers said. "I think it becomes clear now that the recent market recovery was driven by foreign progam buying. Now the program buying is overAFP - 705 words
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Article, Illustration1506 1998-10-16 22 Reuters AFP Q Hang Seng >130.41 STOCKS climbed to a higher close yesterday with index heavyweight HSBC Holdings taking the lead amid shortcovering and hopes of an early interest rate cut, brokers said. The Hang Seng Index added 130.41 points, or 1.48 per cent, to finish at 8,970.42 afterReuters; AFP - 1,506 words
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Article, Illustration580 1998-10-16 22 Reuters rlShenihaiß Index 40.70 SHENZHEN'S B Share Index closed higher yesterday following Wednesday's losses, but sentiment remained weak amid thin turnover, brokers said. The B Index rallied 0.70 of a point to 65.96 on turnover of HK$lO million, roughly equalling Wednesday's level. China Vanke was the top gainer withReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 580 words
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Article338 1998-10-16 22 AFP □wPhtex 1134 TAIWAN share prices fell for the fourth consecutive day, slipping 0.3 per cent yesterday in thin trading as investors stayed on the sidelines, dealers said. The Weighted Price Index dropped 19.24 points to 6,799.88, following a 1.3 per cent decline in the previous session. "The indexAFP - 338 words
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Article256 1998-10-16 22 AFP □WeUugton ♦1118 STOCKS continued their recovery yesterday in the face of falling interest rates. The NZSE-40 gained 1.1 per cent or 19.18 points to 1,765.30 on turnover of NZ$77.B million with Brierley Investments Ltd, ahead of a key board meeting yesterday in Singapore, gaining four cents to 42AFP - 256 words
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Article, Illustration761 1998-10-16 22 AFP P| SET Index jig THAI shares gained 3.5 per cent yesterday amid heavy trade in the finance and banking sectors despite ongoing concerns over third-quarter results due out this month, analysts said. An analyst with Adkinson Securities said that there had been no negative development to harm theAFP - 761 words
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Article305 1998-10-16 22 AFP UlbjriU +18.56 SHARES rose 1.4 per cent yesterday due to selective buying of blue-chips, analysts said here. Ayala Corp and its flagship, Ayala Land, rose in reaction to a bill easing restrictions on foreign ownership of land. The Composite Index rose 18.56 points to 1,342.78. Volume fell toAFP - 305 words
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Article394 1998-10-16 22 AFP QORpstebin^fl SOUTH Korean share prices rocketed 6.5 per cent yesterday on active foreign interest amid a firmer yen and declining money market rates, dealers said. Sentiment was also boosted by speculation that Ford Motors Co might win the auction of Kia Motors Corp, dealers said, adding foreign investorsAFP - 394 words
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Article572 1998-10-16 22 AFP □AnOriiMriw -13 SHARES fell 0.2 per cent yesterday as traders waited for solid direction before hedging their bets in the current volatile climate, brokers said. The All Ordinaries Index slipped 6.3 points to 2,459.3. National turnover totalled 292.38 million shares worth A 1781.09 million. The All Industrials IndexAFP - 572 words
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KUALA LUMPUR STOCK MARKET
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Article6523 1998-10-16 23 INDUSTRIALS prefects Lm V«4 Day CM High Lew Company S«» 'OOQ H» u. P/f 310 170 Ajinomoto 229 4 1 229 229 Ua 2 8 144 35 Aoqkiu 60 4 24 60 tuI 290 123 AfxtfoFaodH*) 188 «5 752 388 108 Bfrjiyi Land -.142 3 133 143 139 2 96,523 words
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Article, Illustration361 1998-10-16 23 AFP Fl Composite Index +M 3 MALAYSIAN share prices closed 2.4 per cent higher yesterday ahead of the 1999 budget to be presented by Prime Minister Mahathir Mohamad next week and expectations of a boost to the banking sector. "Further measures areAFP - 361 words
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WARRANTS&OPTIONS
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Article2494 1998-10-16 24 BONDS. LOANS WARRANTS •W* Lnt VM Dey Lot Ouote A«| HHK In StM Company Sat* ♦<*" (000) Ht«ti Lm Buyer SHtar Prtc. 20.5 3 3160 -Acer ******1 US$ 7 *15 217 8 5 7 7.5 95 4.5 3164 Acme ******4 15 *0.5 3445 18 14 14.5 15 7 3161 antkh2,494 words
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200 1998-10-16 24 R Sivanithy - WARRANT WATCH By] R Sivanithy WE'LL continue our focus on laggard local warrants, particularly those with long dates. Before looking at today's feature, it's worth noting how quickly the tide of money has changed perceptions in the local market suddenly, people don't200 words
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Article191 1998-10-16 24 HOMKOM STOCKS Gc fir l«M Last V* Day LwtOaat* D)> Ok VU M M Ca» HI» L— st»« c.—-, w- COOOI »—i u» —yr CW W 400 250 5123 COL (2000) ML 400 aO i4 24 2Q.5 7744.7 5124 C4ttuyPac20cHK_720 265.0 2.1 7A 6.0 *****.4 5125 ChMig Ksng50c191 words
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6578 1998-10-16 25 Transaction date: Oct 15 J Or Or M Wt U»* Val Day Last Ouata Ohr Mv VM Mat Ca» Ay, HN> L— C»WM«y 81a COOOl HN> Law jnyc SaBac Cw Pft im& Mb MUThMOUSTRY 142 49.5 mt tOOO AcmaSOc 72 -3.5 4082 80.5 T1.56,578 words
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Article1167 1998-10-16 25 i*m ««w cm»i iS» roow n »«6»f Y c5c p£ uSrtSS HMUFACfQRM W^F(^E8888Bll^lWflB8i 243 30 6 2049 'ASAMdlOc 72.5 *3 4911 763 72 72.5 73 1S.0N 73 2.1 64 823 70 82 45 1 2051 ASJ HMqsZOe 48 *0.5 21 44 473 48 50 2.5 10.2 U) 9.2 4331,167 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration301 1998-10-16 26 Stacks Volume Keppel Land 50c 26.887,000 DBS Land 19,621,000 Wing Tai 25c 19,118,000 Hotel Prop 12,544,000 Guthrie W02 11,301,000 Aztech 5c 9.507,000 Zagro Asia5c 9,297,000 Keppel LandWOO 8,505,000 Keppel Corp 8,401,000 Asia FoodtProp 8.181,000 —li DBS Land 29,865,554 Keppel LandSOc 26,313,475 Keppel Corp 21,179,284 OCBC Foreign 20,994,500 City Dev 50c301 words
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Article, Illustration683 1998-10-16 26 R Sivanithy - STOCK MARKET COMMENTARY Funds fear missing ont on a recovery and underperforming in last quarter; active buying also from US, Europe By R Sivanithy [SINGAPORE] Fund managers, worried that their relative performance wiU suffer in the final quarter if they didn't683 words
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ON THE GRAPEVINE
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Article133 1998-10-16 26 IT was a topical question that Anthony Nightingale of Jardine Matheson asked of Singapore Deputy Prime Minister Lee Hsien Loong when the latter was on a visit to Hongkong—what's the government's stand on the Singapore property market. But in case there was any hint that be133 words
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Article139 1998-10-16 26 PLAZA Singapura is all set tor a Big Bang reopening in two months fh>m now. DBS Land, in its Londoimos publication, proudly lists some of the attractions the revamped landmark shopping centre has to offer. The latest tenants to sign up are Kopitlam,fora7oo*eatfoodcourt,anda 8,9005q ft139 words
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Article102 1998-10-16 26 TOO tired to play the real thing? Fret not. Taiwan's Acer Group, the official sponsor of the 13th Asian Games in Thailand, has set up a virtual games site 'aimed at offering surfers an exciting warm-up for December's Asian Games". The site is at 7102 words
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Article88 1998-10-16 26 WITH gold prices having fallen from a five-year high ofover US$4OO per oz in June 1996 to under US$9OO per oz currently, gold analysts are having a rather hard time convincing sceptical investors of the merits of investing in the shiny stuff. The best we88 words
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Article, Illustration73 1998-10-16 26 Shiv Taneja - -by Shiv Taneja SESDAQ-LISTED Aztech System closed one-and-a-half cents higher yesterday at 21 cents on a volume of 9.5 million shares, compared with its 10-day traded average of 473,300 shares. Most of the daily charts indicate further upside in the near term, but this could be capped as73 words
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Page 17 Advertisements
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Advertisement202 1998-10-16 17 After years of building machines that take off, we know how to make one stay on the ground. II lidf i I I k J Once /oil arc behind tie .vhccl c .1 Si,lb 9-5 all your senses tell you that .on li t m full cont'd In dew ping202 words
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Page 18 Advertisements
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Advertisement491 1998-10-16 18 I MAYFRAN INTERNATIONAL LTD 1 I ANNOUNCEMENT I I The Board of Mayfran International Ltd ("Mayfran" or the "Company") refers to the I I announcement dated 12 October 1998 issued by Keppel Bank of Singapore Limited I I ("Keppel") on behalf of Gimmill Industrial (Pte.) Ltd. (the "Offeror"). It was491 words
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Page 19 Advertisements
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Advertisement223 1998-10-16 19 ity. -JIB 11.I 1 mi i iiiinil Call VariQ r- nr *S -H& TQtl %7-i a—M• v pU 1 j '"-'ft" A^Bk^^Sßf Freedom to move. Freedom of choice. Freedom to expand, to rearrange, to do as you please. That's the beauty of Vario, the ultimate in stackable workstations from Diethelm.223 words
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Page 20 Advertisements
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Advertisement78 1998-10-16 20 iipZ* THE WORLDS LEADING T OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Smre 197S our worldwide staff of over J multi disciplrned professionals mriudntcj W^L lawyers, chartered accountants, (bartered secretaries and bankers have provided A&fr confidential and cost effer tive company formation ir all the major low tax areas Incorporation Fees78 words
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Advertisement5 1998-10-16 20 Strait Talk THEBISfINESSTIMES SHIPPING TIMES5 words
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Page 22 Advertisements
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Advertisement221 1998-10-16 22 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 f BARNS VATS (S) PTE LTD (In Members' Voluntary Windlng-Up) LIQUIDATOR'S OFFICE 1S Beach Road *S3-10 Beach Centre Singapore *****7 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 ot the Companies Act. Chapter 50 that the Final Meeting of the221 words
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Advertisement107 1998-10-16 22 NOTICE IS HEREBY GIVEN that, I ROY TAN LIAN HUAT of 56 Lengkok Bahm #08-453 Singapore *****6, have applied for a Public House, First Class (extended) Licence in respect of M/s The Railway Karaoke Pub located at 388 Upper Bukit Timah Road Singapore *****4, and that this application will be107 words
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Advertisement115 1998-10-16 22 UOUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I NGO MING KIAH of Blk 305 Ang Mo Kk> Ave 1 #03-1155 Singapore *****5, have applied for a Second Class Beer House in respect of M/s LPS Kopttiam (Fore) Pte Ltd located at 68 Orchard Road *06-12/15 Plaza SJngapura Singapore *****9,115 words
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Advertisement289 1998-10-16 22 M THE MATTER OF THE COMPANO ACT CAP. 98 AND THE MATTER OF DM WAREHOUSE (S) PTE LTD (M MEMBERS' VOLUNTARY LAUDATION) MtNhig of tot abo»anwnltonad Company, hato«lW,Anaon Road. *****/02, WamtionN Plaza, Stogapon *****3 on toa 8 day of Octobar 1980 M 11:00 am RESOLVED by tptcal imoUom Vat--1 Si289 words
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Page 23 Advertisements
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Advertisement11 1998-10-16 23 BUSINESS \otices 1 Turn to Pages 24 26 for more Notices11 words
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Advertisement120 1998-10-16 23 +The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks NOTICE IS HEREBY GIVEN that, I M. ARUMUGAM S/O MANA MUTTAYAH of Blk 53, #08-124, Pipit Road Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Meenatchi Amman Mini Mart located at 60,120 words
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Page 24 Advertisements
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Advertisement336 1998-10-16 24 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE IS HEREBY GIVEN that, I CHAN HOCK PAW of Blk 161 #11-150 Bishan St. 13 Singapore *****1, have applied for a Beer House 2nd Class Licence in respect of M/s Happy Belly Cafeteria located at Units #02-01, #03-01, #03-02 Blk 267 Serangoon Ave336 words
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Advertisement222 1998-10-16 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LAURI SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act. Cap.so. that a Final General Meeting of the abovenamed Company wtN be held at 9222 words
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Advertisement299 1998-10-16 24 HJuRACO URACO HOLDINGS LIMITED ***** MILLION GUARANTEED FLOATING RATE NOTES DUE 2002 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 6-month period from 16 October 1998 to 16 April 1999 (182 days) is 5.*****6% per annum with a Coupon299 words
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Advertisement323 1998-10-16 24 IN THE MATTER OF THE COMPANIES ACT, CAP. St Ami IN THE MATTER OF TIPHOOK CONTAINER RENTAL (SINGAPORE) PTE LTD (la Mirtin' Viliiiilmj ll|illiH NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant 10 Section 30X I) of the Companies Act, Cap. SO thai the Final Meeting of the members323 words
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Advertisement373 1998-10-16 24 IDuraco URACO HOLDINGS LIMITED ***** MILLION GUARANTEED INVERSE FLOATING RATE NOTES DUE 2M2 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 6-month period from 16 October 1998 to 16 April 1999 (182 days) is 3.*****4% per annum with a373 words
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Advertisement762 1998-10-16 24 to Mb MXIh CwpaMbeArt.Cbp.li Aad hi In Maßer ef HMA THUMBS EBTBtPMSE PTE LTD At an Emraotdtoary 6wwl MietoiQ ottoe members of toe abtnanamad Comply duly cotwened and held on to 21 at fey of September 19M toe Mtoatog Special Mflv eere deemed passed pursuant to Section 179(6) of toe762 words
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Page 25 Advertisements
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Advertisement97 1998-10-16 25 NOTICE IS HEREBY GIVEN that, I LEONGWENG KOON of 43, Jalan Setia Singapore *****1, have applied for a Retail Beer Shop Licence in respect of M/s The Grocer located at 447 MacPherson Road Singapore *****7, and that this application will be considered by the Liquors Licensing Board on 4 December97 words
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Advertisement103 1998-10-16 25 NOTICE IS HEREBY GIVEN that, I INDRAH D/O RAJ ARAM of Blk 6 #03-374 Jalan Minyak Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s Rasi Corner located at 240 Pasir Panjang Road, Singapore *****5, and that this application will be considered by the Liquors103 words
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Advertisement108 1998-10-16 25 NOTICE IS HEREBY GIVEN that, I GOH KAH TIANG of Blk 334, Kreta Ayer Road *25-01 Singapore *****4, have applied for a Retail Liquor Shop Licence in respect of M/s Chuan Huat Seng Kee Provision Shop located at Blk 803 King George's Ave *01-206 Singapore *****3, and that this application108 words
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Advertisement107 1998-10-16 25 NOTICE IS HEREBY GIVEN that, I CHAN H(X;K PAW of Blk 161 *11-150 Bishan St. 13 Singapore *****1, have applied for a Beer House 2nd Class Licence in respect of M/s Happy Belly Cafeteria located at *01-00 15 Stadium Rd. Kallang East Entrance Singapore *****8, and that this application will107 words
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Page 26 Advertisements
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Advertisement368 1998-10-16 26 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SPACEWOOD INVESTMENTS PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to368 words
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Advertisement363 1998-10-16 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHINA RESOURCES COUNTERTRADE (S) PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Represerttative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section363 words
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Advertisement811 1998-10-16 26 NOTICE IS HEREBY GIVEN that, I Lee Chooi Yoke of Blk 451 Tampines St 42 #08-214 S'pore *****1 have applied for a Public House First Class Licence (extended) in respect of M/s Lian Ying Holdings Pte Ltd located at Peoples Park Centre #81-01, 101 Upper Cross Street S'pore *****7 and811 words
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Advertisement396 1998-10-16 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ANO IN THE MATTER OF BESTSTEEL MARKETING PTE LTD (Mtmfcars' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of BESTSTEEL MARKETM6 PTE LTD, duly convened and held on 12th Octob* 1998 the Wtowing was duly passed: 1. SPECIAL RESOLUTION396 words
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Advertisement552 1998-10-16 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ANO IN THE MATTER OF TATARA TRADING (SINGAPORE) PTE LTD (IN LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN. pursuant to Section 308 of the Companies Act, Chapter 50, that the final meeting of the members of the abovenamed company will be552 words
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Advertisement618 1998-10-16 26 M THE MATTER OF THE COMPANIES ACT, CAR SO AND M THE NATTER OF FARTHERS »t MEDIA AStARTE LTD (In Mamßan' Voluntary Liquidation) At an Extaordnary General Meeing of Morton of PARTNERS M MEDIA ASIA FTE LTD tfcdy convened ■*1 at SSA Smth Sbeet Sngapore *****2 on Thursday. Mh October,618 words
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Advertisement7 1998-10-16 26 Turn to Pages 22-25 for more Notices7 words
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SHIPPING TIMES
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Article320 1998-10-16 27 Bridge News Reuters TANKERS: AS Aframax rates are faring stronger at the moment, brokers said Panamax rates are following a similar trend. A 50,000-tonne cargo was fixed at worldscale 113.5, up from a previous range of ws 105 to ws 110 earlier this week. ♦Hess booked a 50,000-tonneBridge News; Reuters - 320 words
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Article293 1998-10-16 27 SO 000 •ens a hi Cm Distribution 0.32 *0.005 191 ChuanHup 0.38 *0.005 278 Cosco Invastmant. 0.415 -O.OOS 104 Fraiqht Links 0.165 *0.005 5668 G8 Holdings 0.35 *0.045 219 Hal Sun Hup 0.355 *0.015 556 Hitachi Zosan 0.53 *0.01 394 IMC Holdings HK 5.60 Jaya Holdings 0.47 *0.005293 words
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Article, Illustration494 1998-10-16 27 Marcus Hand - Others in feeder trade concerned about fall in rates with new entry By. Marcus Hand [SINGAPORE] A bullish Samudera Shipping Line plans to start a new Singapore-Ma-dras service at the end of the month, its third new Indian sub-continent service this year. "WeFILE PHOTO - 494 words
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Article85 1998-10-16 27 AFP [BANGKOK] China National Machinery and Equipment Import and Export Cooperation (CNEC) has delivered an ocean-going vessel to Myanmar authorities in Yangon, state-run media reported. The ship, Dawei, a 12,000ton general cargo carrier, was built in China for stateowned Myanmar Five Star Shipping Line andAFP - 85 words
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Article, Illustration256 1998-10-16 27 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) and research agencies in Singapore were yesterday encouraged to continue with joint efforts in research and development that improved the marine environment and enhanced navigational safety. Parliamentary Secretary (Communications) Yaacob Ibrahim said256 words
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246 1998-10-16 27 Cruise line also fonnd guilty of conspiracy, lying and obstructing justice Bloomberg [WASHINGTON] Royal Caribbean Cruises Ltd was fined US$B million (5513.1 million) for dumping oil and lying to the US Coast Guard, the US Justice Department said. US District Court Judge JuanBloomberg - 246 words
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PORT Shots
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98 1998-10-16 27 Xinhua [SHENZHEN] Ports in the Shenzhen Special Economic Zone handled 1.36 million TEUs (20-ft equivalent units) in the first nine months of this year, as compared with 1.14 million TEUs in 1997. Local port authorities predict that the zone adjacent to Hongkong will handleXinhua - 98 words
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101 1998-10-16 27 Xinhua [SHENZHEN], October 10 The China International Ocean Shipping Container Group (CIOSC) has emerged as the world's major producer in its sector with total sales of containers rated at one million TEUs (20-foot equivalent units). Shenzhen-based CIOSC, founded in 1982, has exported 100 perXinhua - 101 words
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66 1998-10-16 27 AFX-Asia (TAIPEI] Evergreen Marine Corp (Taiwan) Ltd said its unit Evergreen America Corp is set to relocate three of its branch offices in Seattle, Portland and San Francisco to Salt Lake City later this year or in early 1999. "This consolidation move is meantAFX-Asia - 66 words
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799 1998-10-16 27 Selva Kumar - ADMIRALTY CASEBOOK Byl Selva Kumar AN Australian court has decided that a sale by a Marshall pursuant to an order by an admiralty court in an action in rem confers good title on the purchaser even if the vessel had799 words
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Article, Illustration1091 1998-10-16 28 ERA OF THE MEGASHIP To service the giant container ships of the future means they must spend big bucks on facilities and infrastructures Journal of Commerce THE largest container ship ever to visit North America sailed into the Port of New York New Jersey lastJournal of Commerce; FILE PHOTO - 1,091 words
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Article374 1998-10-16 28 PAGE ESP Lines 14 AAM'time 12 Ewfqreen 6 ANL 3 Express TL 12 ft Accord 8 foongSun 8 Ahrenfciel 14 frota '3 Appenship S Ert Links 14 ft Astro 3 GLink 4 Austral 8 Gem*trans 8 Avant 14 Gfnsh W B'tang Mas 8 Glor Nav 4 g£374 words
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Article16832 1998-10-16 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number 28/10 22/n Kien Hung PROSPERITY CONTAIN PC804S 65 *****33 To ABIDJAN (ABJ) 2003 Cot* D'lvolre 28/10 22/11 speeda prosperity contain pckms16,832 words
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SHIPS IN PORT
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Article715 1998-10-16 41 Y«»l VoyMo Berth Arrival Departure 2298 J m JJ2 aionjuM 1510/0530 J* *»gjjdt *10/0900 i***-'. Hongs** 1510/2300 2 ■*>' atoned. 16.10/0300 Kit*! W*98 JOl MonfM *.10/0600 2£L *<»«»* 18.10/0700 Handy Orattw s,,, *10/1600 Hand* Oragon UC78 J22 miss* 1710/1300 0»96 J13 Ho««Mt 17.10/1700 9812 J15 alonqvOt 15.10/2300 W*"«715 words
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Article1788 1998-10-16 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Sh 'P Voy No Etb/Btr Period From To From aci immu oou la/noo u re/1500 re/»s» re/1900 15/1500 15/1659 15/1900 2A 15/1700 16/0659 16/0900 28 15/1700 16/0659 16/0900 1 16/0700 16/1159 16/1400 4 16/1200 16/1459 16/1700 Almw 6J6S1,788 words
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Article193 1998-10-16 41 Oct 19 Malaysia: Deepavali. Singapore: Deepavali. Oct 23 Thailand: Chulalongkorn Day. Oct 20 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 2193 words
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Article865 1998-10-16 41 THIS report, compiled by Cockett Marin* Oil Lid. shows price ranges In US dollars instead of single prices for more comprehensive description of the market Prices shown are based on average sized stem Market movements are Indicated The Cockett Bun ker Price Indei change and the865 words
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Article470 1998-10-16 41 ft,. O Carton 180 Max 992.0 2.8 17.7 OK 342 0 07 2SL® Pmlty Water Residue Art UmMmm U*am* No above t25 I 4 H) 3 3 0 m/m 380 Ave 987.6 0J 16.0 0.07 27 0.03 ja rr.c3s "y m S fS SS 2- SU470 words
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AIR&LAND TRANSPORT NEWS
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Article, Illustration442 1998-10-16 42 Felix Chan - Their new frequent flyer programmes allow economy class passengers to accrue air miles Reports by, Felix Chan [SINGAPORE] The three partners of the soon-to-be-de-funct Passages programme unveiled new, expanded frequent flyer programmes (FFPs) offering more perks to their passengers, butFILE PHOTO - 442 words
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199 1998-10-16 42 [SINGAPORE] Cathay Pacific Airways announced yesterday a commercial partnership with Japan Airlines (JAL) which includes codesharing on routes between Hongkong and Japan and joint frequent flyer programmes. Under the agreement, JAL becomes a partner in Cathay's new frequent flyer programme Asia Miles. Code-sharing on199 words
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Article, Illustration75 1998-10-16 42 [SYDNEY] The retiring head of the Honda Motor Company Nobukiko Kawamoto poses with models and the new Honda HR-V which made its world motor show debut at the Sydney Motor Show yesterday to a Hawaiian theme. The compact four-wheel drive is the first recreationalAFP - 75 words
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LOG Book
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58 1998-10-16 42 Bloomberg [LONDON] BAA pic said September passenger traffic at its seven UK airports rose 7.1 per cent on,the year as strong demand offset cancellations as a result of a Northwest Airlines strike. Its airports handled 10.8 million passengers in September while first-half trafficBloomberg - 58 words
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65 1998-10-16 42 Reuters [HONGKONG] The Hongkong Monetary Authority said yesterday it will tender the second issue of the Airport Authority notes on Oct 21. The HK$5OO million two-year notes will carry a fixed interest rate of 8.45 per cent per annum payable semi-annually in arrears. SettlementReuters - 65 words
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61 1998-10-16 42 Reuters [SHENZHEN, China] China's southern city of Guangzhou plans to begin construction on a new 14.85 billion yuan (552.9 billion>airport by the end of this year, the Yangcheng Evening News said. The new Balyun International Airport would be equipped to handle 21 million passengersReuters - 61 words
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322 1998-10-16 42 AFP [HONGKONG] Hongkongbased Cathay Pacific Airways Ltd said on Wednesday that it was still negotiating the acquisition of a stake in debt-ridden Philippine Airlines (PAL). Cathay Pacific, which Philippine President Joseph Estrada said was close to An agreement to acquireAFP - 322 words
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193 1998-10-16 42 Bloomberg [LONDON] Virgin Atlantic Airways Ltd, the UK airline owned by Richard Branson, said it halved some transatlantic fares in a bid to challenge British Airways pic, Europe's largest carrier. The UK's second-largest airline said its new £133 (Sssos) return fare to New York, BostonBloomberg - 193 words
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Article, Illustration432 1998-10-16 42 Marcus Hand - Information technology may help in development of integrated logistics By\ Marcus Hand [SINGAPORE] The development of integrated logistics in Asia has a long way to go before it reaches the standards of Europe or the US, although IT (information technology)432 words
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292 1998-10-16 42 Reuters [NEW YORK] The chairman of regional airline British Midland said he could start flights from Britain to the United States by spring 2000 if a new aviation pact between the countries is reached. Michael Bishop, who met US Department ofReuters - 292 words
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Article1863 1998-10-16 42 cnr Fuon m rucwr eto wm74 i7w lh7«7 2359 AM*M* AN8230 1910 $0325 1710 N***** 2359 S0230 1910 Of06 1805 S***** 2359 Aasttrdaa K***** 0755 KLS44 0040 $0969 1700 S0990 0115 S0327 0755 CA974 2255 GMMOZIKMPRC S0803 1905 CZ354 0910 *1837 1455 KLB38 2300 CZ» 20451,863 words
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Page 27 Advertisements
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Advertisement29 1998-10-16 27 Era of the megaship: US ports vie for trade To service the giant ships of the future means they must spend big bucks on facilities and infrastructures. Page 229 words
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Advertisement227 1998-10-16 27 SIA, Cathay, HAS hope to build passenger loyalty Their new frequent flyer programmes allow economy class passengers to accrue air miles. Back Page Integrated Logistics Asia, See Back Pg Expqrvl^^^ lyour^HSSfigSKRIHjH Shipping Times Now Shipping Times is Proposed editorial Shipbuilding poised to deliver your highlights include: Special Feature advertising message227 words
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Page 28 Advertisements
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Advertisement1149 1998-10-16 28 I NORTH AMERICA I EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) mai now IM DM NOU OK IfT MDDCOOTY VTSSfI VOT |Ml I HIOUBUVWTUOA ISA 1 tOtIMZO j SAIMA CtuT^ OOQ HONGKONG 2*542 14/11 14/10 M/ 101,149 words
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Advertisement710 1998-10-16 28 L* l s 4 services represented u.. (ftsl;) b A y r M^S^ theße9lStry \8k0& Accredrted Agents. Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPKR/FREMANILE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 25/10/98 BOOKINGS CALL JUUA/MONICA TEL 323 4374 CONTAINERS/CONVENTIONAL CARGO FROM PORT710 words
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Page 29 Advertisements
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Advertisement1109 1998-10-16 29 TO EUROPE FROM EUROPE VESSEL VOY SIN MM ANR HAM RRV SOU FXT LtH VESSEL VOY tP> ANR HAW RRV SOU fXT LEH SW NOtPEAAL 005W 14/10 05/11 07/11 10/11 04/11 NOICORAI 0031 27/09 29/09 02/10 03/10 20/10 TYME 524W 23/10 08/11 10/11 IJ/11 14/11 HY ADMIRAL 3151 03/10 30/091,109 words
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Advertisement1895 1998-10-16 29 I HANJIN SHIPPING HANJIN SHIPPING (S) PTi LTD Imp honm «m BOOKING JJW23S 737 SALES 37M774 731 OOCUMEHT *****71 774 OTfUTKMV *****41 757 MAM UK *****55 fiU 7779H0 aw **********0H I TO NW USA CANADA I USA f ftHAPfL* 1 Ft* VSL/VOY |MMI SM UNEHAU/VOY SU mi~ DIN PM Ol1,895 words
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Advertisement267 1998-10-16 29 Accepting Breakbulk Cargo j Vessel ETA Sin Discharge Ports Windfall 25 October Port Sudan, Tartous, Izmir, Volos, Damietta Enquiries for other Red Sea and Meditterranean ports are welcome. Uinta s J iamnpocts afc **********08 (1444-IMO4M (hi)MMMI44 W6A flttl, OMA (CW) FWUIMtt (RT), HAUU (Ml) lUOETSI) (MAO) CStiSS?"*" mnmmuta SHREYAS SHIPPING267 words
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Page 30 Advertisements
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Advertisement1449 1998-10-16 30 MR-SENATOR LINES TO UK/CONTINENT TO RED SEAMEDTTERRANEANCANADA Vtsstl VOT SW LEH RTM AMR HAM OBV HJI VESSEL VOY U* BIT SFE HIS VLC MTR HAMWISM FRANCISCO WNO43 20.10 Mil Mil 00.11 tt.ll 11.11 12.11 PAIMOS SENATOR WMO4S 1010 Mll 0011 Mll tt.ll 17.11 TRADE SELENE *0844 23.1t 13.11 14.11 14111,449 words
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Advertisement1025 1998-10-16 30 MAfi-iIELS S'PftßP I Carrier: MN CONTR LINES, INC p. quoang: (07) *****26 1 IV/ V J cm NO. **********00 SIBU: (064) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P- KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHIWQ (082) *****1-3 GENOA MV "ENCOUNTER1,025 words
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Advertisement634 1998-10-16 30 IS&IJESSELTON LINE Sr Titi Mt34s* iAXs isnin MUARA LABUAN vnsa «JT no ra vtssa vor rro ft* SPOBt MUAJU SPOtl LM STBAfTS MOT! VMI/OB 21/10 24/10 STRAITS HOPt VWi/OB 21/10 2S/10 n Via/* M/ 10 77/10 CARAKAJHB-32 VISC/90 24/10 21/10 31/10 03/11 STRAITS NOK VW/00 31/10 04/11 CARAKA RBB-32 Vltf/00634 words
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Page 31 Advertisements
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Advertisement1448 1998-10-16 31 [VESSEL- VOY SIN SIP PKG PEN PQB DUB 1 SWJ BA BIK IRAN GHEYAMAT PJL 1307 18/10 27/10 31/10 IRAN VAHDAT PJL 1317 22/10 17/10 31/10 01/11 04/11 PQB= Mina QaOoos DUB Dubai. SHJ Sharjah BA Bandar Abbas. BIK Bandar Imam Khomtini ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN1,448 words
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Advertisement1629 1998-10-16 31 TO ISRAEL 1 IN 13 DAYS EVERY THURSDAY I 6 SHENTON WAY Ttl: 226 1900 FAX: *****0 a OUTWARD (I/L) 4205J02 JOMOSi Of FKE: I vOSIAR SHIPPING PTE LTD #17-08 MS ILOG SALES/IKGS *****57/60 INWARD MPT (D/ 0) *****85 COSTAR AGENCIES (Ml SUM RHB TOWH TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT1,629 words
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Advertisement685 1998-10-16 31 ir EASTERN CAR LINER, LTD. J_E] Ea (SINGAPORE) PTE LTD I SPECIALIZE IN ROUP I HEAVY LIFT UPTO 450 TON?] ECI (SINGAPORE) PTE LTD LOAD NG FOR PORT KIANG/PENANG/KUCHING/BINTULU I LAEMCHABANG/XINGANG MV "ORIENT IRIS" V.23 MV "KEISHUN" V 79A U A N l Zl\ o/< *L ETA PW- 19/10/98 ETA685 words
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Page 32 Advertisements
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Advertisement1449 1998-10-16 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG TMP ZEE LHV LHV THP ROM ANW HBG PKL SGF E DEVELOP RW-003 17/10 06/11 11/11 07/11 09/11 10/11 11/11 E. ROYAL RE-039 24/09 26/09 25/09 20/09 29/09 22/10 23/10 E DECENT RW-006 25/10 13/11 11/11 14/11 10/11 17/11 10/11 E RACER RE-024 01/10 03/101,449 words
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Advertisement973 1998-10-16 32 PACIFIC INTERNATIONAL UNES (PTE) LTD I J 140 Cecil Street #03-00 PIL Building, Singapore *****0. CR NO **********06 I mUl VOT Wl lIW IHI STD Mil lIH ML Tar Fit m I SIN I 00(1 4IIIITY 025 11/10 U/10 /IB 7 >l/l0 T </n t/n 15/ ItTTT lUHGA THAIAII M973 words
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Advertisement654 1998-10-16 32 fia. NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY j SIN I ftU 1 DU» JN» |CH| Kl WAWTAi PWWCESS VO24S 17/10 31/10 03/11 04/11 I WAMTAJ QUEEN *030S 19/10 M/1Q Ql/11 Q4/11 05/11 01/11 NAMTAI DRAGON VOO9S 27/10 05/11 Of/11 12/11 "u/n I WAWTAIPKIWCE V.025S 03/11654 words
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Page 33 Advertisements
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Advertisement465 1998-10-16 33 I BSA jjH mm MYANMA pBBk FIVE STAR LINE (Myanmar National Lino) 1 loading (or Yangon (Rangoon) VISSH VOY SIN MCI PIN PGU MAWIAMTINE SOW SU> PINYA 157 SU) MALAYSIA AGENTS: IOUSTUD SHIPPING AGCNOCS KUL- m (03)*****00 PKL Til (03) *****01 PEN: m (04)*****02 PGU: HI (07) *****21/4 BANK LINE465 words
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Advertisement1528 1998-10-16 33 HYUNDAI MERCHANT MARINE CO., LTD. I VESSEL VOY I SI I SOU I L» I »TW I ANT I HAM I WY I ~re~l IVBSa VOT|SOU|I»IRTMIAinIHAMIWVIHiiaiI RHINE 523W 16/10 05/11 07/11 02/11 04/11 NOl AGAJI 00H 23/09 29/09 ***** IVO9 TTTTo NOl PEARL 005W 19/10 04/11 05/11 07/11 10/11 MICORAL1,528 words
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Advertisement919 1998-10-16 33 m 1 nooMmgicn tptnokzod outammtn Qo)§(o]@ Wilhelmsen Lines TO NORTH AND LATIN AMERICA "*ORO HEAYYUFT SERVICE* |VlS«l VOY I RAMP HEIGHT SIN LAX CRL NUA SAV ML ORE NYC NIW MM TOM FB2l 400 Tom 6.3# 29/10 25/11 047T2 *****" 09/12 11/12 12/12 13/12 10/12 19/12 TAROMGA F«22 4001 MS919 words
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Page 34 Advertisements
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Advertisement944 1998-10-16 34 JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCtT" VESSEL VOY SIN JKT PJN HATHA BHUM 35N 17/10 21/10 20/10 DEJA BHUM 769S 17/10 21/10 MATHU BHUM 38SN 17/10 21/10 ANRO JAYAKARTA' 057 17/10 20/10 ACX JADE 31N 18/10 21/10 22/10 ACX RUBV 33S 19/10 22/10 YANTRA BHUM" 262N 18/10 21/10944 words
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Advertisement580 1998-10-16 34 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISEO SERVICE "SSI VOY f? rO«E IA DAM/ft OMI H >0110 MEMEN ANTWERP »VEStEI ?0/1? »/12 OMIT 15/01 TO AUSTRALIA FULL CONTAINER SERVICE vs. vOT prm K I IK I SYD I MR. IMM I API IfWE I usugai in 15,10 i7/io »io580 words
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Advertisement1015 1998-10-16 34 VESSELS I VOY S>l JED MLA LEH HAM THP RTM VILLEDE TAURUS A2BW 20/10 28/10 02/11 08/11 (Mm IVti 12/11 VILLE D AQUARIUS U26W 26/10 04/11 08/11 1&/11 18/11 \fILLE DE ANTARES L2BW 03/11 11/11 18/11 22/11 23/11 »Ti 25/il a/ti VILLE D€ VIRGO S2BW 1(V11 08/11 23/11 29/11 XVII1,015 words
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Advertisement23 1998-10-16 34 CONVENTIONAL SERVICE LOADING FOR MADRAS/BOMBAY Accepting heavy lift Upto 28 tons ETA 28.10.98 FCL/LCL WEEKLY SAILING TO BANGKOK/HO CHI MMH/HONG KONCVKEELUNG/CALCUTTA/ KARACHI JAPAN/DURBWMADRAS/BBYA^OLOMBO23 words
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Page 35 Advertisements
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Advertisement48 1998-10-16 35 —Jar (Retrieve more schedules!) st Press "1" I jCV Select the port and key in STEfcJ the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING TIMES *3D'%°ZSJ%L I48 words
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Page 37 Advertisements
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Advertisement152 1998-10-16 37 J ■IBBBH FREE deader 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: Cargo Ready by: Port of Destination:_ Cargo Volume: Special Requirements: j~] ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a152 words
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Page 38 Advertisements
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Advertisement959 1998-10-16 38 -T— 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 DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAN 7SLGS/WEEK 2 SLG/WEEK I VESSEL TVOY [""SIN TjAK i VESSEL |VOY SIN TPLB GLOBAL HORIZON 918 17/10 (SAT)959 words
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Advertisement674 1998-10-16 38 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER VESSEL VOTAGJ ttt SINGAPORE FU COLOMBO ETA KARACHI SHAUAM 001 WW 14/10/W 21/10/W H/10/n swat ooi hw 22/ io/n 27/10/w qi/ii/w SHALAMAI 002HW 05/1 l/W 10/11/90 IS/11/91 SWAT 002HW 12/11/W 17/11/90 n/wm SHAUMAI 003HW 24/1674 words
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Advertisement496 1998-10-16 38 SIN 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 21/10 BUSAN 18/10 TOKYO/YOKO/KOBE/NGO/OSA 18/10 HONG KONG m CHINA 18/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN 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 points496 words
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Advertisement571 1998-10-16 38 Singapore Soviet Shipping CPL CR No IOOSOMOOOOM Multiline Shipping PL VJJ J (Mwly Owned Sufadaryl atfciws/tjoooix VESSEL VOY SIN BOM PNG PKL KOTARATU RTUO23 17/10 25/10 05/11 06/11 BUXMOON 119N 25/10 02/11 13/11 14/11 KOTA RUKUN RKNOI7 31/10 08/11 19/11 20/11 VESSEL VOY SIN CALCUTTA SIN~ SINAR MALAKA 022 25/10571 words
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Page 39 Advertisements
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Advertisement956 1998-10-16 39 MICIC TRANSPORT |j? R f^.yy r i^.s^^ I I rasa I VOT I IttSfOM HO* ggg IVtSSB VOY tttSFOM TO HUAMUM IvKSB VOT tttSfOM I FO«T HUANG I AftDMOtf Oil 13/10 (TUQ It/10 N/10 MMM *43 11/10 (SUN) 19/10 20/10 OKSSUYA ***** 17/10 (MON) 15/10 OPTVU 9*43 16/10 (FRI) 19/10956 words
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Advertisement1747 1998-10-16 39 [VtSSft/VQYAGE SfOW j SOU RTM I HAM 1 IfH I VESSa/VOYAGE I SOU RTM HAM IS STORE ROM I NAfiOYi wtii I TTWYn I NYV SRRIUS 04W/UI IS.IO 31.10 0111 0111 07U YfHafTVMM HflH KOK OOU .19^0^ NY* AMTAAES 07WA42 2110 07.11 09.11 IOLII 1111 NYKANONOMBA OSEA3O 20.0T 22.09 21091,747 words
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Page 40 Advertisements
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Advertisement879 1998-10-16 40 I" VESSEL VOY SIN TIGER BAY 654N 18-19/10 23-28/10 02-03/11 I TIGER PEARL 656N 23-24/10 28-03/11 07 08/11 I TIGER ISLAND 655N 26 27/10 31 06/11 10-11/11 I TIGER BRIDGE 657N 29 30/10 04-09/11 14 15/11 I TIGER BAY 658N 02-03/11" 07-11/11 16-17/11 I TIGER PEARL 659N 07-08/11 12-19/11 23-24/11879 words
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Advertisement815 1998-10-16 40 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT SERVICE MEXICO (MEXICO CITY) All major ports in Mexico PERU (CALLAO) Lima/La Guaira/ Buenaventura/ Guayaquil/ Valparasio/ La Paz PANAMA (COLON) Costa Rica/ El Salvador/ Guatemala/ Hondoras FOR BOOKING, PLEASE CALL TEL: 1800-*****66 Overseas Offices Hongkong *****113 flms@asiaonline.net Port815 words
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Advertisement1283 1998-10-16 40 OOCTTSinqopore) Pte LtJ^F^KeppeTpislrpi^ 79 Anton R*«d #21 -04 (S) *****6 Mk 513 #01-128 QNO **********0H W: 272 7827 F« bookmg i Wi W: *****13 FM 221 3942 F.i: 272 782S /yCX flfll Orient Overseas Container Line emfmry :(P)j (Malaysia) Sdn BKd (Reg No: *****2-U) ffl PHAUHG JAYA W: 03-75* 77761,283 words
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Page 41 Miscellaneous
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Miscellaneous136 1998-10-16 41 BMEEfa wi r 1 tvi I LEGEND: R Thunderstorm Temperature c X\ V Shower Weather Wind d*ect.on with speed m knots Rotn J Cloudy Sky Wove height Surface winds are indicated by arrows winch tty with the wind One tvi. circle represents catm or hght ond vor,ob.e winds W One136 words
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