The Business Times, 11 November 1998

Microfilm: NL21355
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 MITA(P) IKVI2/97 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, NOVEMBER 11, 1998 85c
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  • Article
    MARKET SUMMARY
    64 1 □sn *****9 (-47.22) nn-w mm nu7 (-21.43) noma rums mm 172.43 (-6.07) ggjuamaoo* STOCK MAKFT INDICES Tuesday Change KLSECOMP ***** +E8K NIKKEI 14,108.99 -86.46 HANOSENO 1,***** -130.60 SET INDEX 336.62 -2713 JAKARTA OOMP _J6730 -730 MANUKA COUP 1437.1S -76.41 TAIPEI WPI 6JS1130 -146.10 SEOUL OOMP 40X24 2121 CL8A
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  • Article
    FINANCE
    73 1 FttEBX BATES uss ss USS UN £(US$/SJ per |j» 1763 DM 1.688 OJK YKN 122J» 1JW RM UN 14*7 HKS 7.741 0214 BART 17.17 0.045 RUPIAH &2M MM* •SfttMmtiU PUKE BATES SINGAPORE* 6.96 KUALA LUMPUR UM JAKARTA 28.M BANGKOK 14.75 MANILA JIM HONGKONG 10.25 TAIPH &M SYDNEY A45 TOKYO
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  • Article
    S'pore economy holds up, shrinks 0.7% in Q3
    647 1  -  Sept results pull up earlier estimate, but growth next year could be negative By. Audrey Tan [SINGAPORE] The Singapore economy held up better than expected in the third quarter, shrinking 0.7 per cent against an initial estimate of a 1.5 per cent
    647 words
  • Article, Illustration
    Expect more quarters of negative growth, says Hng Kiang
    434 1  -  By\ David Boey [SINGAPORE] Singapore should brace itself for several more quarters of declines in gross domestic product (GDP) before any signs of a turnaround, possibly by the third quarter of 1999, Minister for National Development Lim Hng Kiang said yesterday.
    434 words
  • Article
    Dr M rules out scrapping capital controls over next 18 months
    422 1  -  From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has dismissed the possibility of scrapping the country's controversial capital controls over the next 18 months, as has been widely speculated. He said the international community was not
    422 words
  • Article
    STI dives 4%, Thai stocks skid 7.5% as region slides
    385 1  -  S'pore stocks fall for fourth day as US$ strengthens By R Sivanithy [SINGAPORE] Stocks markets tumbled throughout Asia yesterday, with the Thai market sold down a bruising 7.5 per cent as the strengthening US dollar and profit-tak-ing continued to take
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      157 1 MHDMB Seeking 126 The Singapore dollar fell back yesterday to test one-month lows for the second straight day as the US$ powered through the crucial 120 yen level in overnight trading in New York, Pg6 M, ii Money Birow Markets are pausing for breath as the Dow Jones index and
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      8 1 Contracts awarded in Q3 plunge 47.5%, Pg 2
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      199 1 REUTERS Power play [WELLINGTON] In a rare public appearance, Quek Leng Chan, a director and major shareholder ofßrier ley Investments, was seen here yesterday addressing the company's annual meeting in Wellington, Mr Quek's Camerlin Group backs Shamrock's bid for management control but founder Ron Brier ley (thirdfrom left) told shareholders
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      16 1 Property stocks fall another 7%, Pg 19 Beware the bear trap, watch who's selling, Pg 19
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  • 3rd QUARTER ECONOMIC SURVEY
    • Article, Illustration
      Lock icon Positive signs from electronics sector but it's early days yet
      486 2  -  MANUrACTURM Ltwer disk drive stock, stable chip prices may be just a Christmas blip By, Jennifer Lien THE key electronics sector is showing some "positive signs" although it's too early to predict a clear turnaround, Economic Development Board officials said
      Source MTI; FILE PHOTO  -  486 words
    • Article
      Net 17,900 jobs lost in Q3, rate could get worse
      388 2  -  LABOUR By. Audrey Tan A NET 17,900 jobs were lost in the last quarter Jjrom both retrenchment and attrition and the Ministry of Trade Industry warns that the job loss rate could pick up as the economic slowdown drags on.
      388 words
    • Article
      Trade falls a steeper 6°/« in second straight drop
      315 2 HIT by a contraction in all segments, the commerce sector continued its slide for the second consecutive quarter, falling a steeper 6 per cent against Q2's 4.7 per cent drop. Entrepot trade, which accounts for 35 per cent of the sector's
      315 words
    • Article
      Outlook for next few quarters highly uncertain
      285 2  -  US growth likely to dip; N-E Asian rivals a threat to exports By Anna Teo THE outlook for the Singapore economy over the next few quarters is highly uncertain because the economic environment in both the developed and regional economies remains cloudy, according
      285 words
    • Article
      Contracts awarded in Q3 plunge 47.5%
      334 2  -  COMSTOUCTIOX By I Slow Li Sen CONSTRUCTION contracts awarded in the third quarter plunged 47.5 per cent to $3.1 billion, resulting in a sharp drop in the sector's growth to just one per cent, said the Ministry of Trade and Industry (MTI). Although the
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    • Article
      Growth eases to 1.7% from 2.4% in Q2
      514 2  -  nXAMCXAVBUSDIBSS SERVICES MTL Negative credit expansion first in ten years By\ Slow Li Sen THE financial and business services sector grew a slower 1.7 per cent in the third quarter down from 2.4 per cent in Q2 reflecting declines in the Asian
      514 words
    • Article
      Sector leads with 3.2% growth, but lags Q2's 5.6%
      298 2 TRANSPORT OOMKUMICATIOVS THE transport and communications sector, accounting for about 14 per cent of gross domestic product, turned in the strongest growth of 3.2 per cent in the third quarter, though this was down from its Q2 performance of 5.6 per
      298 words
    • SURVEY Snippets
      • Article
        GDP shrinks for 2nd straight quarter
        87 2 ON a quarter-on-quarter basis (i.e. compared to the preceding period), gross domestic product growth shrank for a second straight quarter—by 3.5 per cent in Q3 signalling that the economy is in a technical recession. The manufacturing and commerce sectors turned in a third and
        87 words
      • Article
        Private consuption fals 2.8%
        99 2 WITH belt-tightening in retail spending, private consumption turned negative for the first time since the first quarter 0f1906, falling 2.9 per cent in Q3. The clothing and footwear, as well as recreation and fUrniture/ household equipment, segments shrank. Communications was the only bright spot, with spending
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      • Article
        cost pressures
        80 2 COST pressures eased in Q3. The unit labour cost (ULC) index of the overall economy rosea slower 1.8 per cent, while the unit business cost index of the manufacturing sector fell 0.9 per cent. Service costs and government rates and fees fell, reflecting declines in rentals and port
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      • Article
        labour productivity down
        84 2 LABOUR productivity fell across the board in Q3 due to the sharp slowdown in output growth. The overall rate was a minus -2.5 per cent, with the commerce sector posting the biggest productivity decline of 5.5 per cent Excluding construction, overall productivity fell 2 per cent. Construction
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      • Article
        Current account surplus up $ 1.6b
        98 2 Current account surplus up 1.6b THE current account surplus rose by $1.5 billion to |BJ billion in Q3, with the services account balance returning to a small surplus of 9462 million. This improvement reflected a smaller deficit on the travel account and higher receipts from miscellaneous services. The net investment
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Global hub hinges on upgrading: EDB chief
      245 3 SINGAPORE must upgrade its capabilities relentlessly to maintain a competitive edge amid an adverse external climate, said Economic Development Board chief Philip Yeo in EDB's latest annual report, released yesterday. "Only then can we continue to attract new investors to Singapore and ensure
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    • Article
      COE prices spring a surprisingly strong rebound
      457 3  -  Prices poised to go up further as traders' traditional year-end sales race returns By 1 Christopher Tan VEHICLE certificates of entitlement have rebounded strongly for the second month running, and look set to continue their northward march. While no one in the industry
      457 words
    • Article
      Finance firms unhappy over banks' higher default penalties
      424 3  -  Companies point to cap on penalties they can impose Ry i Conrad Raj SOME finance companies are unhappy that banks can impose higher penalties on loan defaulters than they can. According to a notice from the Association of Banks in Singapore (ABS),
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    • Article
      J P Morgan to close private client unit here, axe 10
      316 3  -  By I Clarissa Tan IN its latest round of staff cutbacks, J P Morgan will retrench about 10 people from its private client business in Singapore, and shift the remaining eight people in that unit to its Hongkong office,
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    • Article
      $3b petrochem plant: Exxon hires staff, dispels talk of delay
      470 4  -  Reports by] Ronnie Lim IN a signal that all's well with a mega project earlier said to be in danger of being delayed, Exxon Chemical is starting to recruit workers for its US$2 billion (553.3 billion) petrochemical complex on Jurong
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    • Article
      Tuas Power: All 3 groups shortlisted
      274 4 AS expected, all three Singa-pore-US consortiums eyeing the 60 per cent stake in the Ss3 billion Tuas Power (TP) have been shortlisted by Temasek Holdings to participate in the actual tender. They are SembCorp Energy/Edison Mission Energy, Keppel Fels/CMS Energy and United Engineers Ltd/Enron
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    • Article
      Parliament to debate bill to clarify OTC trades on Nov 23
      425 4  -  Bill seeks to exclude derivatives trading from gaming laws, as suggested by CFC By Catherine Ong A BILL to clarify the legality of over-the-counter derivatives trading has been tabled before Parliament the first of a total of 38 recommendations
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    • Article
      Attractive opportunities in Africa for the bold
      420 4  -  Rewards await the bold entrepreneur who treads carefully By] Louis Beckerling AFRICA presents opportunities aplenty for trade and investment but not for the faint-hearted, delegates were warned at a seminar held here yesterday. Speaking on "Business Opportunities in sub-Saha-ran Africa", Mohan Vaswani of
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    • Article, Illustration
      Ericsson plans to set up R&D unit in S'pore
      437 4  -  Research centre to focus on wireless applications and terminals By' Teh Hooi Ling SWEDISH telecommunications giant Ericsson plans to set up R&D facilities in Singapore and is now in "intensive" discussion with the Economic Development Board concerning its plan. Goran Berntson,
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    • Article
      Properly slump seen spelling danger
      413 4  -  S'pore feces deflationary spiral if price fells are left unchecked: academic By Ven Sreenivasan IF the fall in property prices is not checked, it could ultimately unleash forces which could drag the Singapore economy into a prolonged slump, said academic Augustine Tan yesterday. Prof Tan,
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    • Article
      Hutchison: We've not hired anyone to find buyers
      202 4 PAGING company Hutchison IntraPage yesterday denied its shareholders had engaged Goldman Sachs to find buyers for the company. Responding to yesterday's BT report "S'pore paging market shrinks by 16,100 in Q3", the company said: "We would like to clarify that the shareholders
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      145 3 .JspfS^Hp^HHJPPJ|^^^^B l4Z*^»^^ 4*. n Resort rhat 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 bedroom to penthouse and are
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      Page 3 Advertisements Column 2
      215 3 Afv XSJ§ Aa nrv i rf\\ *i ii^ -i Freedom to move. Freedom of choice. Freedom to expand, to rearrange, to do I as you please. That's the beauty of Vario, the ultimate in stackable workstations tEF?--»WBB" Vl from Diethelm. It's flexible, modular and designed for today's offices with 'J
      215 words
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Broad range trading likely from here on
      1163 5  -  Markets pause for breath as Dow and greenback react to a much improved outlook By Larry Wee Hedge funds were at the centre of the action when the Thai baht's collapse in July 1997 sparked 16 months of financially cataclysmic events: first in
      Source: NCZ International Bank, Bridge; Source: HypoVereinsbank  -  1,163 words
    • Article
      Sterling may not see a big fall
      521 5  -  Dip in expected to be accompanied by US dollar weakness From Neil Behrmann The writer is BT's London correspondent in London DESPITE Britain's biggest interest rate cut since 1995 last week, sterling rallied from lows against the US dollar and the Deutschemark. Perhaps
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    • Article
      Brazil and Asia
      373 5 ANALYSIS RECENT news from Brazil will very likely support recent optimism in Asian financial markets in the short term. But we caution that if current euphoria further postpones crucial banking sector reforms, this may in the end delay any sustained recovery for the region. A crucial pension
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    • Article
      THE WEEK AHEAD
      349 5  -  Compiled by Larry Wee Si&fftporo Today: The Committee on Singapore's Competitiveness (CSC) releases its main report. Measures to cut business costs eagerly awaited. Focus will be on labour costs, which are estimated to make up an average 29 per cent of business costs. Other moves may include
      349 words
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      68 5 J* ii f f I® Win milt trusts worth 570.000 111 The Game. the brand n.;w investment competitioi I 111! I"! J I I I U )roni Standard Chartered. Singapore's largest independent distritnitor of unr U. I I I trusts. Be sure to (jet the ivei kend edition of The
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Indon govt gives banks more time to repay 1OOt rupiah
      314 6 Bloomberg {JAKARTA] Indonesia agreed to extend a deadline for banks to repay more than 100 trillion rupiah (Ss2o billion) in emergency loans to four years from one, said an official from the office of Ginandjar Kartasasmita, Indonesia's Coordinating Minister for
      Bloomberg  -  314 words
    • Article, Illustration
      Lock icon S$ drops again as US$ breaks 120 yen
      415 6  -  Bnt rupiah tracks trend on IMF official's remarks By] Larry Wee [SINGAPORE] The Singapore dollar fell back yesterday to test one-month lows for the second straight day as the US dollar powered through the crucial 120 yen level in overnight trading in
      Source: Bridge  -  415 words
    • Article, Illustration
      Lock icon Slim chances of private capital returning to Asia: World Bank
      378 6  -  Crisis-hit countries need to rely more on own efforts for fnnds, Wolfensohn says From, Anthony Rowley in Tokyo WORLD Bank president James Wolfensohn yesterday painted a bleak picture of the prospects for international private capital flowing back to emerging markets
      AFP  -  378 words
    • Article
      ADB holding symposium on insolvency laws
      201 6 [SINGAPORE] With Asia's corporate sector mired in debt and pinned down by insolvency, the Asian Development Bank will be holding a two-day symposium in Manila early next year on the legal issues surrounding corporate failure. The Jan 25-26 symposium, Insolvency Law Reform in Asia,
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    • Article
      Confidence in Asia reviving: SG Securities
      315 6  -  By Genevieve Cua [SINGAPORE] Asia's troubled economies are turning the corner, as confidence and credibility have started to return, said SG Securities economist Neil Saker. The firm has forecast modest positive growth in 1999 for most of Asia, except Hongkong whose GDP is expected
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    • Article
      Fiscal constraints seen dragging pace of Asia's recovery
      322 6  -  Economies will also be weighed down by excess capacity: prof By' Ven Sreenivasan (SINGAPORE] Although cri-sis-stricken Asian economies will gradually recover, the pace of recovery may be weighed down by severe fiscal constraints and excess capacity problems, an economist said yesterday. Mukul
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      129 8 F"'" A Synergistic Partnership k Value to the NEL Global Su 1 £OWQ%ATII£c4TIG?& TKP'M Aceß <♦ 3§j |yB COMPAQ, j IVMIIImVIVRnIIVini. w SExabyte IaSEST ■r Fulfilling Asia's ilBl digital M ~r»t»a wmmm mr mm mm® A IICtWC >A 3 ■W Microsoft ISI Novell. J W netscape THE VALUE SYSTEMS CC
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      544 9 V W -~-v A r -11l ill I mil .I :ic Partnership Adding Pn j R c J lEL Global Supply Chain Awards jJPNatSteel I z 1 Electronics J/t/t/tttK/f Nat Steel Electronics Limited NdtStßßl SrAD MA in the World and f WM m the largest in Asia E DB innovation
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Indon opposition leaders team up in rare show of unity
      707 10  -  From Shoeb Kagda in Jakarta AS legislators debated on Indonesia's future, the country's four main opposition leaders joined in a historic meeting in South Jakarta yesterday and called on the people to unite in their demands for free and fair
      AFP  -  707 words
    • Article
      Lock icon Police threatened accusers to force retractions
      550 10 ANWAR'S TRIAL Officer: The two caved in after all-nitfit questioning Reuters [KUALA LUMPUR] Malaysian police forced a man and a woman to retract allegations of sex crimes by sacked finance minister Anwar Ibrahim by threatening them during an all-night interrogation, an officer said yesterday.
      Reuters  -  550 words
    • Article
      Lock icon Dr M has lost M'sians' support: Anwar
      385 10 KUALA LUMPUR AFP JN an outburst daring a court recess yesterday, deposed deputy prime minister Anwar Ibrahim alleged that Prime Minister Mahathir Mohamad has lost the support of his own people and international leaders. "The PM is getting too recalcitrant. Foreign leaders are
      AFP  -  385 words
    • Article, Illustration
      Lock icon Clinton may propose debt restructuring plan
      543 10 RUlf-UP TO AFBC SUMMIT Bat he may give forum a miss if Iraq crisis hots up Bloomberg [WASHINGTON] President Bill Clinton may propose a plan to help Asian nations restructure corporate debt and recapitalise their banks, two Clinton aides and a banking official close
      Bloomberg; Source: The Monetary Authority of Singapore  -  543 words
    • Article
      Lock icon KL urged to ratify human rights pacts
      258 10 KUALA LUMPUR AFP RIGHTS and political groups yesterday urged Malaysia to ratify two key universal human rights covenants if it wanted to champion the cause of the developing world. The groups, including London-based Amnesty International, made the call at a press conference where
      AFP  -  258 words
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      234 10 Drink Your Noq To Healthy Savings! (Ocean atural mineral water and Mft E pure distilled water now come with a wider range I of dispensers designed to fit any living or working space! EOn top of the premium quality standard that you can be assured of from Wanin Industries, you
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      118 11 I r nj _.-f a. ,v k •-1 v life, §M| v iiji 9| OP-* W i^H| Tp^gSa^-r-. -^-rr-a:yc -"4 -"->-. JXAaiWjws\ tt >. v Ss. :v f •-"f "j» ,'fiß'* -y Mr aj t When it comes to coverage, Ml GSM is second to none. Above ground and underground,
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon HK properly value down by US$ 444b since mid-97
      333 12 HONGKONG Talus will &D a further USs239b, ODP to shrink by 6% in "MSG Securities AFX-Asia THE value of real estate in Hongkong has fallen by US$444 billion (*****.3 billion) since the middle of last year, SG Securities said. According to
      AFX-Asia  -  333 words
    • Article
      Lock icon China still needs more technology, reforms in steel
      279 12 SINGAPORE Multiple merger will be launched next week, says Baoshan Reuters CHINA has taken a big step towards consolidating its huge steel industry through a multiple merger, but it needs more technology and reform to link it to the world market, an
      Reuters  -  279 words
    • Article
      Lock icon Shanghai Lansheng turns to US, Europe markets
      213 12 SHANGHAI Reuters ONE of Shanghai's biggest traders is shifting exports to the United States and Europe to offset weak Asian demand but trade friction and the debut of the euro could threaten its plans next year. Shanghai Lansheng Corp, a supplier of light
      Reuters  -  213 words
    • Article
      Lock icon China limits foreign stakes in stores
      396 12 SHANGHAI Majority owner of joint ventures will have to be Chinese FT FOREIGN retailers in China have had to postpone expansion plans and cancel proposed investments after Beijing announced measures to limit foreign ownership of stores and supermarkets. China has set a year-end deadline
      FT  -  396 words
    • Article, Illustration
      Lock icon China blasts US energy secretary's visit to Taiwan
      284 12 BEIJING Reuters AFP CHINA yesterday expressed "serious concern and strong dissatisfaction" over the visit to Taiwan by US Energy Secretary Bill Richardson, saying the visit broke US pledges to avoid official contacts with Taipei. "The Chinese side has always opposed exchanges between
      Reuters; AFP; REUTERS  -  284 words
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  • ASIA
    • Article
      Container Corp seen attractive at 250 rupees a share
      272 13 NEW DELHI THE Indian government won't have trouble unloading a 15 per cent stake in Container Corp of India, a cargo transport company, if the price is near 250 rupees (Ss9) per share, investors say. India started collecting bids for 10
      272 words
    • Article
      Lock icon Indian banks posting higher profits after reform
      336 13 BOMBAY RBI says they have cut non-performing assets, raised capital adequacy AFP INDIA'S banks are turning in better profits and reducing non-performing assets after six years of financial sector reforms, the central bank said yesterday. The Reserve Bank of India (RBI), in its
      AFP  -  336 words
    • Article
      Lock icon Aussie govt agrees to GST inquiry
      290 13 CANBERRA Canberra bows to pressure from opposition parties Bloomberg AUSTRALIA'S government has agreed to hold a Senate inquiry into its tax plans, bowing to pressure from opposition parties and independent politicians for a review of the proposed reforms. Treasurer Peter Costello yesterday released guidelines
      Bloomberg  -  290 words
    • Article
      Lock icon Deadlock sets tone for talks on trade
      398 13 DIDIA-PAKXSTAIf TALKS Power, tea seen as two areas where cooperation's likely Reuters (NEW DELHI) India and Pa kistan began their fourth day of talks yesterday, focusing on economic and commercial cooperation. Hopes for a breakthrough were running low after the first three days
      Reuters  -  398 words
    • Article, Illustration
      Lock icon Tokyo to lift most sanctions on aid to Pakistan: report
      395 13 AFP Reuters [TOKYO) Japan has decided to lift most of its economic sanctions imposed on Pakistan in protest against its nuclear tests, a report said yesterday. Japan's Foreign Minister Masahiko Komura will announce the unlocking of economic aid at a
      AFP; Reuters  -  395 words
    • Article
      Lock icon Calf foetuses cloned from milk in Japan
      160 13 TOKYO AFP JAPANESE scientists have cloned three calf foetuses from milk in a world's first, an official said yesterday. The calves are due to be born in April, said a spokesman for the laboratory at Tomakomai in northern Japan. Researchers in May extracted
      AFP  -  160 words
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      174 13 m (f§\ Face-to-face, the new \^KJ Concord Impresario v Chronographe makes a jk AD F\ powerful statement as one A gsjjdK vjVyl ivJ Vyx\jJ_^® of the most distinctive jKL*.** j SWISS timepieces of its kind. Heroic style. Serious substance: 216.7 grams Ap worth of solid 18 karat rose Note the
      174 words
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  • THE WORLD
    • Article
      Lock icon FDI flows into Asia will dip in 1998: Unctad
      419 14 GENEVA But report doesn't give specific forecasts, ignores recent world events Reuters FOREIGN direct investment flows to Asia are foracast to dip in 1998 after 1997's 9 per cent jump, UN trade and development agency Unctad said yesterday. In its 428-page
      Reuters  -  419 words
    • Article
      Lock icon US productivity shows robust growth in Q3
      266 14 WASHINGTON 2.3% rise dne to heavy investment in new technologies Bloomberg US worker productivity accelerated in the third quarter after stalling in the previous three months, Labour Department figures released yesterday showed. That is a sign that the almost eight-year-old business expansion is
      Bloomberg  -  266 words
    • Article, Illustration
      Lock icon The Roman empire strikes back
      75 14 (ROME) A man dressed as an ancient Roman legionary showing his sword in the midst of taxis parked in central Rome's Piazza Venezia yesterday. Taxi drivers, in dispute for nearly a month with the city government over plans to liberalise taxi services, started a four-day
      REUTERS  -  75 words
    • Article
      Lock icon Microsoft threatened Intel, says exec
      298 14 THE MICROSOFT CASE Reuters [WASHINGTON] An executive for the world's largest computer chip maker testified on Monday that Microsoft Corp chairman Bill Gates effectively threatened his company's US$5OO million investment in new chip technology unless it abandoned a software project. In the most dramatic testimony
      Reuters  -  298 words
    • Article
      Lock icon US urges EU, Japan to spur growth
      270 14 WASHINGTON Bloomberg EUROPE and Japan must redouble their efforts to spur growth in their economies so they can work with the US to produce a strong recovery in the global economy, Deputy US Treasury Secretary Lawrence Summers said. "The United States cannot be
      Bloomberg  -  270 words
    • Article
      Lock icon Financial system is at fault, says Soros
      240 14 SOFIA Bridge News INTERNATIONAL financier George Soros said on Monday the inherent instability of the world's financial system was the main reason for the current economic crisis. "The reason I view the global financial system as the major reason for the emerging economic
      Bridge News  -  240 words
    • Article
      Lock icon Schroeder asserts authority on economy
      206 14 BONN Reuters GERMAN Chancellor Gerhard Schroeder sought to stamp his authority on economic policy yesterday after a turbulent period in which his powerful Finance Minister Oskar Lafontaine appeared to be calling the shots. In his inaugural address to Parliament, Mr Schroeder tried to calm tensions
      Reuters  -  206 words
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      64 14 •TRADING 4® •JOBS IN THE JH DOWNTURN JImR, CADILLAC SEVILLE on test H® a Directions the business magazine is on sale at branches of Kinokuniya, MPH, Times the Bookshop,-The Word Shop, at the SYP retail outlet at I Lorong 2 Too Pay oh, Singapore 3/9637 and at selected book stores.
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      Page 14 Advertisements Column 2
      24 14 BTf has acquired a 33.3% interest in maxis Binariang Berhad Financial adviser to British Telecommunications pic N M ROTHSCHILD SONS London Singapore Kuala Lumpur
      24 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Credit rating agency a must for Singapore
      834 15  -  OPINION THE BOTTOMLDVE By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT A FEW weeks ago, I suggested
      834 words
    • Article
      IN OTHER WORDS
      113 15 'But what this really shows is how racism deforms the spirits of even some of the most intellectual and enlightened and highly trained people in society.' Roger Wilkins history professor at George Mason University, on why historians refuse to face the fact that Thomas Jefferson, a founding
      113 words
    • Article
      HK's uncharacteristic turns
      634 15 EDITORIAL IT is ironic that in a week when Hongkong and Singapore were ranked the world's two freest economies in an international survey, the two cities should be at odds over competitive trading of derivatives. The two are caught in an unseemly spat over plans by Simex,
      634 words
    • Article, Illustration
      Lock icon why China can avoid Japanese-style recession
      987 15  -  Beijing has more scope to pomp-prime the economy and to cnt interest rates and it will act faster By, Joe Zhang The writer, formerly a manager at China's central bank, is head of China research at HSBC Securities in Hongkong JAPAN has been in
      FILE PHOTOS  -  987 words
    • Article
      WHAT THE OTHERS SAY
      342 15 Pot Americans, balance is la WHO would have thought Newt Gingrich would lose his job before Bill Clinton did? To call it ironic is to slight the true reversal of fortune. Both were hyperarticulate, visionary and undisciplined. However imperfectly, Mr Clinton embodied the baby boomers who
      342 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      77 15 I FIGHTING TO STAY ON TOP OF I I MAJOR ECONOMIC CRISIS. I wn rbi I mk> t: x j I ASIA IN CRISIS. A half-hour survival kit for Asian business people. Dedicated to bringing you the most 14k I relevant and up-to-date business information along with possible solutions on
      77 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Challenging Private Ryan
      997 16 In a season in which Best Picture hopefuls usually crop up, studio executives are finding it hard to pick an Oscar challenger to Spielberg's war epic LAT-WP IT IS the perfect Academy Award movie, a three-hour tale of profound human courage set against one of great tragedies
      LAT-WP; FILE PHOTO  -  997 words
    • Article, Illustration
      Surf the Net on TV with My Web
      328 16  -  INTERNET Philips' system is for those unfamiliar with computers By Andrew Wee [SINGAPORE] Want to surf the Internet but the thought of fiddling with PCs sends you into the throes of technophobia? You can avoid the pain of running installation procedures and
      328 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      238 16 PM'iirniiii'i i r wrr^—wTmiirmi-w- -n-»fOTmi --rmiTn l T ~~r~Trflwr w "—tmtm vr -nr mr it- -nr tr- Tirr^rwwßPwwiiiwg^Tii^^ V waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and r use bins Sale and rental of mechanised waste storage and handling equipment Sale and
      238 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      216 17 11/L ni n -J* rtM J presentedcm, Offers 70 members-only airport lounges giMH t.«*.c* wnere to wine, aine ana entertain... intematiowr other card companies talk about Wm 290 4545 Jirs t- OfSt's Kind UNLIMITED Over 50 choices main courses and desserts. Lunch at s$ 29.90(adu1t) D miner at s$ 39.90(adu1t)
      216 words
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      Page 17 Advertisements Column 2
      73 17 CAFE DE GRAND LEVEL 1 Vlw > |h^ jryQ jPrt HOTEL QRAND CtMTRAJL UMTTCO 22 Orchard Road. Singapore 229.17 Tat 737 9944 Ext MX/02 Fac *****75 Lunch 11.30 am to 2pm I Buffet Lunch Buffet Dinner Mon to Fri Nightly Adult $14.80— Adult $15.80Child $10.00*" Child $10.00 High Tea Adult:
      73 words
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      Page 17 Advertisements Column 3
      132 17 n GuvfowMt fftuiic \or 0 it*fktfi. Local \MoUfiktt P 9 for jjour imalh coorit... maukccs' Attcy lotreT t.lOfm fo lOfw £vtrg frUUg 4. etftninQ*. (llWw per ndLaf per dutd T v< \x&~ HPALM TERRACE i' AND POOL Level 5 Royal Crowne Plaza Singapore. 25 Scotts Road, Singapore *****0. X.711-7990 BARBECUE
      132 words
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      Page 17 Advertisements Column 4
      169 17 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****66 [P 0 HAIRY CRAB PROMOTION IST NOV 30TH DEC 98 Live Hairy Crabs will be available for sale at Chinatown Restaurant dtuing this period on A la Carte basis, which is a unique delicacy from China.
      169 words
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      Page 17 Advertisements Column 5
      107 17 M Savour Revolving with Grossman at Revolving Restaurant Reservations 831-6258/88 Mandarin Singapore 333 Orchard Road, Singapore *****7 Tel: *****11 EkoHc Dgl">C«nOgS ExH«wrA»wry Prices In November, Won Hoo Chinese Restouront brings you the rare exotic delicocy of South Pole Ice Fith, braised, steamed whole or shr-fried, at |ustsl7 00+++ per piece
      107 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      721 17 TV&RAPIO I' I' 7.00 News 5At Seven. Majin Hero Wataru. T 7JO Weird Science 6.00 See Thursday's Schedf3o PMTVJtanovations. School Spirits. ules. Street Sesame aOO Showbuzz Trtmm 13 ■Bpa j~ 5.00 PoDular Mechanics For Buffv g The Vampire nm PM Response TV sao Pantain«« Sla y er What's My 100
      721 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      137 17 CRYPTIC CROSSWORD 26 Near dark not quite (4) 27 Temp ranted about organ is 8 After holiday, call to repair YESTERDAY'S SOLUTION ation of office (10) racquet (8) DOWN 11 Fall for Milton's work (8,4) IBIaI I lUe|YMA|FIFj6ICjTIEJO| 1 Porch ideal to display bloom 14 f r SUCh a lIWcBeIB
      137 words
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  • WIRED FOR BUSINESS
    • Article
      Lock icon India ends Internet service provider's monopoly
      334 18 Bloomberg [NEW DELHI] India has ended Videsh Sanchar Nigam Ltd's monopoly as the country's only Internet service provider, by allowing more firms to provide access to the global computer network. The Department of Telecommunications says it has kept entry costs low to encourage growth
      Bloomberg  -  334 words
    • Article, Illustration
      Lock icon Call centres set to boom
      872 18  -  Software for such centres, related services seen crossing USs6b by 2003, RAJU CBELLAH reports RAJU CHELLAM THERE'S a new business niche on the Net that's now ready to boom. It is called a call centre, or a one-stop-shop that customers can call for getting information,
      FILE PHOTO  -  872 words
    • BOOK marks
      • Article
        Flrit e-supply symposium
        79 18 SINGAPORE'S first electronic supply chain symposium, covering e-commerce outsourcing and supply chain management for manufacturing, will be held on Nov 17 and 18 at the National Computer Board Auditorium. Participants will get a sneak preview of the Trade Card before its launch in Singapore. The symposium is
        79 words
      • Article
        Learn to market on the Net
        65 18 WANT to know how to maximise your marketing efforts on the Net? Check out the internet marketing centre the name is all in lower case. Here companies, which want to advertise online, can learn how to achieve the best results. Ideas range from improving
        65 words
      • Article
        Reducing Internet spam
        81 18 GETTING tired of all that unsolicited e-mail that keeps flooding your inbox? Well you are not alone. This site is the home of one of the many initiatives to reduce the amount of spam constantly being churned out by companies looking for a sale. There are true
        81 words
      • Article
        The Dilbert zone
        72 18 EVERYONE'S favourite office cartoon—loved by the workers and sometimes hated by the bosses—has its own Web site now. The site offers a two-week archive of Dilbert strips and various fun and "useful" activities that include "The Daily Mental Workout" and "List of the Day". There is also
        72 words
      • Article, Illustration
        Magic on the Web
        62 18 THERE are no illusions about this Website. It offers a database of Singapore-based magicians, and has articles by members of the Singapore Magicians' Network. Titles include Starting magic as a hobby and What is magic? Also included is an online magic shop for the masters— or
        62 words
      • Article
        Bikers business
        54 18 THE legendary Harley-Davidson motorcycle now has its own home page. This is the manufacturer's own site, featuring an online guide to all the current models, complete with technical specs and comparative data, and an online accessories catalogue for surfers to turn themselves into bikers. If you wish, you
        54 words
      • Article
        Claris guide to e-mail etiquette
        67 18  -  Compiled by Justyn Olby THE word "Netiquette" was coined long ago to give a name to the rules that were generally followed by people talking to each other on the Net. Here is a comprehensive guide to the dos and don'ts of the online community.
        67 words
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      6 18 brought to you by ==r= 7
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  • COMPANIES & MARKETS
    • Article
      CPF approves 53 unit trusts, refines risk classification
      851 19  -  Bat only less than half of the trusts are ready for subscription By\ Shiv Taneja [SINGAPORE] A total of 53 unit trusts have been approved under the liberalised Central Provident Fund Investment Scheme by the CPF Board but less than half are
      851 words
    • Article
      Japanese firms lead in Net information
      585 19  -  By\ Shiv Taneja [SINGAPORE) Japanese companies lead the way in disseminating corporate information through the Internet, followed by Hongkong and Singapore, a survey of top Asian firms found. According to the survey by UK-based Company Annual Report On-Line Service (Carol), which launched an Asian
      585 words
    • Article
      Beware the bear trap, match who are selling
      718 19  -  HOCK LOCK SIEW Lee Han Shih IN a memorable day last week when the stock market was charging full steam ahead, documents filed with the Singapore stock exchange showed that three prominent stockbrokers Wee Ee Chao of Kay Hian, Douglas Ooi of
      718 words
    • Article
      Property stocks fall another 7% amid sharp correction
      334 19  -  CityDev, Sing Land, DBS Land, Keppel Land lead the drop liy Louis Beckeriing [SINGAPORE] Property stocks extended their sharp correction into a fourth day yesterday, falling another 7 per cent as measured by the SES Property Index. Leading the sector's retreat were
      334 words
    • Article
      KFels, KIE merging to form KepFels
      425 19  -  Conrad Raj [SINGAPORE] Rig-builder Keppel FELS (KFels) and sister company Keppel Integrated Engineering will be restructured under a new listed company called Keppel FELS Energy and Infrastructure Ltd (KepFels). Upon completion of the restructuring scheme, the two companies will be delisted and become whollyowned
      425 words
    • COMPANIES
      • Article
        Tenaga posts massive RM 3b loss
        792 20  -  Results due mainly to RM3.5b forex loss; company expects profit this year bYom Ruth Wong in Kuala Lumpur TENAGA Nasional yesterday posted a massive but expected 3.09 billion Malaysian ringgit (Ssl.3 billion) net loss for the financial year ended Aug 31, but the power
        792 words
      • Article
        Simex to stay open, competitive despite objections: chief
        555 20  -  HONGKONG FUTURES SPAT It will also protect its individual traders or locals By i Clarissa Tan [SINGAPORE] Simex will remain open, efficient and competitive, even though these characteristics may be "viewed as a threat by some", the president of the futures exchange,
        555 words
      • Article
        Gone is the Hongkong of laissez-faire economics
        703 20  -  Hie very icon of free market now wants to manage markets By\ David DeRosa The writer is president of Deßosa Research and Trading and an adjunct finance professor at Yale School of Management. [NEW YORK] REMEMBER a place called Hongkong, once the very
        703 words
      • Article
        Eastern Asia IPO 4.2 times subscribed
        220 20 (SINGAPORE) Eastern Asia Technology's mainboard initial public offer has drawn a subscription of 4.2 times. The Taiwanese audio systems maker's US-dollar offer received applications for some 23.21 million shares for its 5.5 million public tranche, while application monies received amounted to U5523.91 million (5539.65
        220 words
      • Article
        Lock icon Simex's HK futures contract doomed to failure: HKFE
        649 20 Reuters AFP [HONGKONG) The Hongkong Futures Exchange has taken defensive measures to protect its lucrative Hang Seng Index futures market from perceived predators, and says moves by Singapore to grab a share of the market are doomed to failure. "Derivatives exchanges are
        Reuters; AFP  -  649 words
      • Article, Illustration
        Bangkok Bank of Commerce sues Khashoggiand son for 2.7b baht
        390 20  -  Front Harish Mehta in Banykok SCANDAL-ridden Bangkok Bank of Commerce (BBC) is suing high-flying Saudi Arabian businessman Adnan Khashoggi and his son Mohamed to recover two loans worth 2.7 billion baht (*****.3 million). The lawsuit highlights the reckless manner in
        390 words
      • Article
        Lock icon Brierley plans more asset sales while resisting Shamrock
        412 20 Disney arm will know today if it has ousted 3 directors Bloomberg (WELLINGTON] Brierley Investments, a struggling New Zealand investment group, said it plans further asset sales and rationalisation while it continues to resist Roy E Disney's attempts to gain management control.
        Bloomberg  -  412 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Chevron to cut capital spending
        136 21 Bloomberg [SAN FRANCISCO] Chevron Corps capital expenditures will drop to US$5.5 billion (Ss9 billion) this year and stay at that level next year because of low oil prices, chairman and chief executive Kenneth Derr said. Chevron, the fourth-larg-est US oil company, will fall short of
        Bloomberg  -  136 words
      • Article
        Lock icon Dow Corning to pay US$ 3b in implant claims
        485 21 It will also pay USsl.3b to creditors in plan to hanl itself ont of bankruptcy Bloomberg [BAY CITY, Michigan] Dow Corning Corp has agreed to pay US$3.2 billion (555.3 billion) to women who are suing over its silicone breast implants and
        Bloomberg  -  485 words
      • Article, Illustration
        Lock icon Hit movies double Fox Q1 profit
        478 21 Results a boost for News Corp unit's coming IPO Bloomberg [NEW YORK] News Corp said its Fox Entertainment Group's fiscal first-quarter profit doubled on hit movies, boding well for the media company's sale of stock in Fox to the public later this week. Net
        Bloomberg; FILE PHOTO  -  478 words
      • Article
        Lock icon AMP ends political moves to stop Allied Signal bid
        293 21 It says best way to sway shareholders is to improve profit Bloomberg [HARRISBURG, Pennsylvania] AMP Inc said it's ending its effort to persuade Pennsylvania legislators to pass a bill aimed at thwarting Allied Signal's US$9.B billion (5516.2 billion) hostile takeover attempt.
        Bloomberg  -  293 words
      • Article
        Lock icon Analyst warns of slowing growth at Dell Computer
        430 21 Bloomberg [MINNEAPOLIS] One of Dell Computer Corp's biggest fans is getting nervous about what he sees as slowing growth at the No 1 direct seller of personal computers. Piper Jaffray analyst Ashok Kumar said in a report to investors on Monday that
        Bloomberg  -  430 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Riady sells California bank for US$ 15.9 m
        337 22 Lippo Bank purchase expected to boost Commercial Bank's business in Asia Bloomberg (SAN FRANCISCO) James Riady, the Indonesian businessman whose family controls the Lippo Group of financial companies, has sold the group's California bank to Commercial Bank of San Francisco for US$l5.9
        Bloomberg; FILE PHOTO  -  337 words
      • Article
        Lock icon Salomon Smith Barney's global equities head quits
        414 22 Resignation follows last week's shakeup at the top Bloomberg [NEW YORK] Salomon Smith Barney Inc's global head of equities, Steven Black, quit last Friday in another top management change at the Citigroup Inc unit that had a US$l.33 billion (552.2 billion) third-quarter trading
        Bloomberg  -  414 words
      • Article
        Lock icon HSBC denies report of rescue plan
        132 22 Bloomberg [HONGKONG] HSBC Holdings pic's Hongkong Bank denied a report it is curtailing lending because it is preparing to bail out another bank. HSBC spokesman Gareth Hewitt said that while lending has slowed, it is not in preparation for a rescue package. "The trends
        Bloomberg  -  132 words
      • Article
        Lock icon Aussie banks outdoing global rivals
        435 22 Regulation, aversion to risk giving them an edge; profits np Bloom berg [MELBOURNE] Australia's biggest banks are showing global rivals a clean pair of heels. National Australia Bank just posted its sixth straight record profit, Westpac Banking expects an 8 per cent increase in earnings
        Bloom berg  -  435 words
      • Article
        Lock icon Asia-Pac funds favour euro, S$, US$: poll
        277 22 Reuters [SINGAPORE) Fund managers in the Asia Pacific region polled by Merrill Lynch and Gallup chose the euro, the Singapore dollar and the US dollar as their most favoured currencies over the next 12 months. The survey, made available to Reuters yesterday, showed
        Reuters  -  277 words
      • Article
        Futures fall through support levels
        172 22  -  Report MSCI Singapore Index Bob Butcher, Jardine Fleming THK weight of falling regional markets and lower local property shares pulled the MSCI Singapore Index futures through the support levels. The lead month November contract opened lower and attempted to fill the gap from the previous
        172 words
      • Article
        Futures tumble over cash flow worries
        174 22  -  MSCI Taiwan futures Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract tumbled amid persistent con cerns over corporate financial troubles. Some company executives or controlling shareholders issued bounced cheques, sparking worries about the cash flow of the companies they are
        174 words
      • Article
        Lock icon Opec helpless in face of price slump
        276 22 ENERGY REPORT Reuters [LONDON] Opec oil producers were back to square one yesterday in their bid to revive export revenues after another slump on international markets took oil prices dangerously close to this summer's 10-year lows. Organisation of Petroleum Exporting Countries members have
        Reuters  -  276 words
      • Article
        Lock icon CURRENCY REPORT
        287 22 AFP Bloomberg New York THE US dollar dropped slightly against most European currencies amid profittaking here early yesterday but continued to rise against the yen. Around 1515 GMT, the dollar traded at 122.50 yen as compared to 121.80 late Monday; 1.6830 German marks against 1.6885; 5.6461 French francs
        AFP; Bloomberg  -  287 words
      • Article, Illustration
        Untitled
        1262 22 MTERBAMK CROSS RATES Sovio AS c; »ib ECU Ftr Pw MK$ UK tupiah Yw Wo* BK HZS Pafc ts Peso S$ *mi Mr IT} til Hmi UtS Australia 0.965 6.178 0.539 3.553 1.059 4.859 26.543 51.476 0.769 8.263 2.385 1186 36.020 25.769 1041 1528 0.876 20.578 23J33 0J78 069 Canada
        1,262 words
    • Article
      COMMODITY PRICES
      1818 23 SICOM FUTURES Nov 10 RUBBER (futures dosinq it S.30pn) RSS1 CONTRACTS ctfttsA?) CIom Volume Open Month Law Sett (tonaei) Interest D« 98 116.00 450 J*n 99 117.00 tl50 Feb 99 119.OO 875 Mar 99 120.75 1175 Apr/Jun 99 125.25 3150 Jul/Sep 99 129.25 150 Oct/Oec 99 132.75 RSS
      1,818 words
    • Article
      WORLD STOCK MARKETS
      2338 23 LOflPOM Industrials 10 Pence 31 Group 7 519 400 -0.600 AB Ports 289.000 1.000 Abbey National 1124.000 -1.000 Allied Domecq S16.000 -1.000 Allied Zurich 675 000 -28.400 Am«c 157.000 4.400 Asda Group 161.000 -4.000 BAT Ind 485.000 4.000 BG Pic 402.000 -4 400 8ICC 57.000 unch BOC
      2,338 words
    • Article
      Lock icon TOKYO
      1654 23 Bloomberg Q Nikkei 22S -8145 JAPANESE stocks fell yesterday as investors doubted the government's next set of economic stimulus measures can pull the economy out of its worst slump in half a century. Shiseido Co, the nation's biggest cosmetics maker, and Komatsu Ltd, the world's secondbiggest construction equipment maker,
      Bloomberg  -  1,654 words
    • Article, Illustration
      Lock icon HONGKONG
      1509 24 AFP Q Hang Seng -130.60 HONGKONG share prices fell 1.3 per cent yesterday in the fourth day of decline as investors locked away profits on recent strong gains amid an absence of fresh incentives to buy, dealers said. "It is a reasonable correction following recent strong gains," said Ben
      AFP  -  1,509 words
    • Article, Illustration
      Lock icon CHINA
      645 24 AFP Reuters P} Shenzhen B Index *0.03 SHENZHEN'S hard currency B shares ended barely higher yesterday in thin, directionless trade dominated by retail investors, as weak Hongkong stocks kept institutions on the sidelines, analysts said. The B Share Index edged up 0.03 point, or 0.05 per cent, to 64.02
      AFP; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  645 words
    • Article
      Lock icon TAIPEI
      380 24 AFP QWP Index -145J0 TAIWAN share prices ended down 2.1 per cent yesterday as sentiment was dampened by reports that a local business leader was facing financial problems, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 145.10 points to 6,812.30. "Ho Shi-fong's financial troubles sent the market
      AFP  -  380 words
    • Article, Illustration
      Lock icon JAKARTA
      720 24 AFP PCmnpoate Index -7.09 INDONESIAN share prices slumped 1.9 per cent yesterday as tension heightened on the first day of a bitterly-con-tested session of the the country's People's Consultative Assembly, brokers said. "The market was a little bit nervous in the afternoon session following news about student demonstrations in
      AFP  -  720 words
    • Article, Illustration
      Lock icon BANGKOK
      775 24 AFP Q SET Intel -27.23 THAI share prices plunged 7.5 per cent yesterday in across-the-board profit-tak-ing led by the bank and finance sectors following last week's gains, analysts said. Prices moved sharply lower in line with regional markets, with foreign investors selling out positions amid a strengthening of the
      AFP  -  775 words
    • Article
      Lock icon MANILA
      317 24 AFP £3 Manila -75.41 PHILIPPINE share prices fell 4.4 per cent yesterday as investors locked in profits for the second straight day following recent strong gains, analysts said. The Philippine Stock Exchange Composite Index fell 75.41 points to close at 1,637.10. Turnover fell to 2 billion shares worth 2.07
      AFP  -  317 words
    • Article
      Lock icon SEOUL
      438 24 AFP n Composite Index -2L21 SOUTH Korean share prices plunged 5 per cent yesterday amid an active sell-off by foreign investors against the backdrop of the weakening yen, dealers said. They said the dollar was expected to hold on to its gains on expectations of a solid performance by
      AFP  -  438 words
    • Article
      Lock icon SYDNEY
      592 24 AFP fl All Ordinaries -6.7 AUSTRALIAN share prices fell 0.2 per cent yesterday, led down largely by a slip on Wall Street overnight, brokers said. The Australian Stock Exchange's key All Ordinaries Index closed 6.7 points lower at 2,682.4. National turnover totalled 338.83 million shares worth A 51.12 billion.
      AFP  -  592 words
    • Article
      Lock icon WELLINGTON
      259 24 AFP NEW Zealand shares closed 1.1 per cent lower yesterday, taking a breather from a recent run higher after a weaker close overnight on Wall Street. The NZSE-40 Index fell 21.32 points to 2,007.41 on turnover worth NZ$llO.7 million. AFP Mi to OOO) ANZ Banning 11.60 O K) 4396
      AFP  -  259 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8803 25 INDUSTRIALS CMKmtf presets 1998 Last VoI Day Nat Cap Hlqh Law Company »a<a OOO Hlqh L»w P/C $m« 310 170 Apnomota 265 -5 5 269 263 14.6 107.4 148 35 Anqkasa 67.5 -0.5 199 69 63.5 99.5 290 123 Apollo Food Hlq 228 -11 U 239 220 7.9 91.2 388
        8,803 words
      • Article, Illustration
        Lock icon Second Board sees strong rally
        417 25 AFP M Composite Index +LB5 MALAYSIAN share prices closed 0.4 per cent higher yesterday after late buying by local institutions reversed earlier losses due to profit-taking, dealers said. The Kuala Lumpur Stock Exchange's Composite Index rose 1.85 points to finish at 467.54. The lesser Second
        AFP  -  417 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2538 26 BONOS, LOANS WARRANTS m 1998 Last Vol Day Last Ouota Avg High Law Stua Company Sala *or- (OOO) High Low Buyar Sailor Prlco 20.5 3 3160 *Acar ******1USS US 12.S -1.5 154 14 12 12 12.5 95 4.5 3164 Acma ******4 17.5 -1 643 18 16.5 17 17.5 19 3161
        2,538 words
      • Article
        Acma warrant worth watching closely
        187 26  -  WARRANT WATCH By] R Sivanithy AFTER a massive rally recently, interest seems to be tapering off in the Acma warrant. The company has said it did not know why there should be such heightened interest and by now. most market players are convinced that the
        187 words
      • Article
        CLOB INTERNATIONAL
        225 26 HONGKONG STOCKS Gf Cr ,998 LMt Vol Day Last Ouot. M Mo VM M M Cap High Law Mm Company Sm COOP) High Low Buyar Sa6ar Cw P/C $m* 400 250 5123 CDU2000)MK 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay P»c 20c HK_. 720 265.0 2.1 7
        225 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6455 27 Transaction date: Nov 10 I Or Or M Wt 1998 LMt Vol Day LMt Quota Dlv Wv YM Nat Cap Avg High Law StNo Campany Sato COOO) High Law Buyar SaHar C'yr P/E $mK Prtea MULThMOUSTRY ♦•142 49.5 mt IOOO AcmaSOC 78 -4.5 956
      6,455 words
    • Article
      SESDAQ
      1190 27 Cr Of M Wt 1990 Last Val Day Last Ouata Dt* Dt* YM Mat Cap Avg Htgh Law StNo Company S<K COOOI HI* L«r Buyr S«tUf Cvf P/t $m« Mce MANUFACTURING 243 30 2049 AS AutolOc 108 -6 2758 1*4 105 >08 t09 15.0N 7.0 1.4 10.2 123J 109
      1,190 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        341 28 Stocks Volume Keppel Land 50c 23.402,000 DBS Land 22.434.000 Wing Tai 25c 19,350,000 Keppel Corp 13,206,000 Hotel Prop 12,475,000 SemtoCorpI 25c 10,554,000 *TanChonglnt50c 9,780,000 TACBtIO 200 9,470,000 City Dev 50c 8,101,000 SingTel 15c 7,000,000 Stocks Keppel Corp 42,715,020 City Dev 50c 42,246.792 DBS Land 40,990,978 Keppel LandSOc 36,468,714 OUB Foreign
        341 words
      • Article, Illustration
        Stocks hit as focus falls on renewed S$ weakness
        649 28  -  STOCK MARKET COMMENTARY But some see selling tapering off; possibility also of delayed impact of better-than-expected economic data By R Sivanithy [SINGAPORE] Despite a better-than-expected set of third-quarter economic numbers, investors in the local stock market yesterday focused on the renewed
        649 words
      • ON THE GRAPEVINE
        • Article
          Not quite cricket, wot?
          73 28 IS there a conflict of Interests for Morgan Stanley Asia's managing director, John Wadsworth, who is also one of two vice-chairmen of the Hongkong Futures Exchange? This question has arisen because Morgan Stanley compiles the MSCI Hongkong+ Index on which Simex, the Singapore futures exchange, will
          73 words
        • Article
          Power for sale
          117 28 THE Kuala Lumpur rumour mill has it that influential corporate group Malaysian Resources Corporation Bhd (MRCB) is considering selling its stake in Independent power producer Malakoff Bhd in an effort to trim its debt. According to analysts, MRCB's debt is more than one billion Malaysian ringgit (*****.4
          117 words
        • Article
          Reformasi in the courtroom
          52 28 THE reformasi or reform campaign started by ousted deputy prime minister Anwar Ibrahim has appeared in the Malaysian courtroom In a very quiet manner. Someone has carved the word on one of the benches in the small courtroom where Anwar currently faces four of the five
          52 words
        • Article
          The not-so-hot line
          124 28 TELECOMS equipment retailers here have all but given up hope of trying to get customers to part with their money for low-end handphones. They'd rather give away the phones free, on condition that the customers subscribe to the service for at least one year. In the process,
          124 words
        • Article
          Free-for-all parking
          66 28 MOTORISTS In Hongkong had a field day yesterday when the territory's 3,000 plus electronic parking meters broke down in the morning. As a result, the motorists enjoyed a rare respite from the ever vigilant traffic police, who were instructed not to go after motorists who took advantage of
          66 words
      • Article, Illustration
        HOT STOCK
        74 28  -  -by Shiv Taneja BLUE chip counter CityDev closed 65 cents lower yesterday at $5 on a volume ot 81 million shares, compared with its 10-day average of 4.5 million units. The counter may see something of a technical rebound in the near term, according to its daily RSI
        74 words
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      Page 19 Advertisements Column 1
      84 19 m^ r Sss>N^ Bh^. ntvuß>i r 4,/ M x> Oarely 1.64 mm thick, a hand-wound movement beats unerringly within a yellow or white gold case's purebred slimness. Les Essentielles, by Vacheron Constantin. Discretion in space and time. VACHERON CONSTANTIN The world's oldest watch manufacturer Geneva, since 1755 Authorised Retailers Cortina
      84 words
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      176 20 Editorial: HK's uncharacteristic turns, Pg 15 Helping directors fulfill their strategic leadership r01e... It is tempting for management to make decisions for short term gains at the expense of longer term growth. In tough economic J ytlllL,' times, the temptation is even greater Yet the quality of an organisation^ strategic
      176 words
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      Page 21 Advertisements Column 1
      51 21 This announcement appears as a matter of record only m mm mm iPB Hs9 Mi JM #3? Smmm Mfßfll isif W ISBffl ffl ■viavia MMI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) 5517,296,992 PLACEMENT OF 22,160,000 NEW SHARES AND 4,000,000 EXISTING SHARES Bookrunner and Sole Manager INGAi) BARINGS November
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      Page 21 Advertisements Column 2
      144 21 Swissair's daily specials to Europe: lilJiil LONDON $1388/- I Evening departures from Singapore. A good deal and more from Swissair. Other European Destinations: Amsterdam, Barcelona, Belgrade, Bologna, Brussels, Bucharest, Budapest, Copenhagen, Genoa, Graz, Helsinki, Innsbruck, Klagenfurt, Linz, Lisbon, Ljubljana, Luxenbourg, Lyon, Madrid, Malta, Manchester, Marseilles, Milan, Nice, Oslo, Paris, Prague,
      144 words
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      60 22 F j I profess onal after sales service provided For a FREE copy of our ioo page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26 04 CLIFFORD CENTRE, 24 RAFFLES PLACE,
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      Page 22 Advertisements Column 2
      5 22 Strait Talk TheßisinbssTimes Shipping Times
      5 words
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      26 24 ThkßusinkssTimks .A BUSINESSIT W' MUMMY. SKFTCMIKR U. l<H I Asia Pac server tagac?- Singapore aims to JWl.fillnfl.lfS market down be Internet hub for ■■■waaxtiirj m* TheßusinessTimes
      26 words
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      Page 27 Advertisements Column 1
      28 27 f' -wwnrrmwr Top ten reasons why Jerry Seinfeld can be president B n f agS? pess- |as«is=sr miTllPflil VC Off the cull MdlbUi UAjM by Jaime Ee TheßusinessTimes
      28 words
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      975 28 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VTIA TRAVEL SMGAPORE (PTE) LID (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
      975 words
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      Page 28 Advertisements Column 2
      621 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINGAPORE SHUI HING COMPANY 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
      621 words
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      Page 28 Advertisements Column 3
      261 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CEMENTBOUW FAR EAST 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 be
      261 words
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      Page 28 Advertisements Column 4
      255 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LUCIOA 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 be held
      255 words
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      Page 28 Advertisements Column 5
      78 28 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
      78 words
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      Page 28 Advertisements Column 6
      34 28 I own an education institution. The Straits Times Classified ismy course to success. CATS. 1800-737-1166 Call Today For Results Tomorrow. The Straits Times CLASSIFIED Where buyers and sellers meet Sell your old clothes. CAXSt
      34 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      309 29 Bridge News Reuters IT was a slow start to the week on the freight market, with news of concluded business in short supply, brokers said. Pacific Panamax rates remain firm and there was talk of levels hitting US$9,OOO daily for a round voyage. Futures gave a little inkling
      Bridge News; Reuters  -  309 words
    • Article
      MARITIME STOCKS
      268 29 mw* ■arW Hi CWT Distribution. 0.455 unch 213 Chuan Hup 0.515 -0.015 461 Cotco Invastmant 0.S2 -0.02 12 FratqMUnk* 0.18 -0.01 21W GBHoldinqs 0.35 -0.09 277 Hal Sun Hup 0.449 -0.025 739 HltacMZaian 0.74 -0.025 1037 IMCHoMfcigt HK 9.60 JayaHoMn«a 0.91 -0.09 74 Jursna Shipyard 6J0 -0.90 23«
      268 words
    • Article
      P&O Ports pulls out of US$ lb project in India
      473 29  -  Excessive delay the reason for firm's withdrawal from Vadha van port project: report By] Marcus Hand [SINGAPORE] P&O Ports has withdrawn from a US$l billion (551.62 billion) port project at Vadhavan in the western Indian state of Maharashtra, according to
      473 words
    • Article, Illustration
      Lock icon Hyundai gets set for N Korea cruise
      130 29 [TONGHAE] The 18,000-tonne Bongrae, chartered by South Korea's Hyundai business group, enters the eastern port of Tonghae yesterday. She is scheduled to ferry some 1,000 South Korean tourists to the North next Wednesday. Hyundai has chartered two cruise ships from Malaysia's Star Cruises
      AFP  -  130 words
    • Article
      Key to improving market is to get rid of sub-standard shipping
      724 29  -  STRAIT TALK By\ Seafarer EIGHTEEN years is a long time to have been crying in the wilderness but that is, effectively, what International Maritime Industries Forum (IMIF) chairman Jim Davis has been doing. Last week saw the annual IMIF
      724 words
    • Article
      Cargo owners must be involved in ship safety too
      452 29  -  Those who do not use safe ships will see business suffer, seminar told From Jerzy Farynaki in Sydney CARGO owners will, in the long run, have to be accountable for ship safety, according to a former Australian federal minister for transport
      452 words
    • Article
      Port Klang operators combine resources
      188 29 [PETALING JAYA, Klang] Container Terminal Bhd (KCT) and Klang Port Management Sdn Bhd (KPM) launched a new logo, North Port, reflecting their collaborative efforts in promoting a single port concept for the Klang port industry. Launched by Transport Minister Ling Liong Sik here on Monday,
      188 words
    • Article
      Lock icon Hanjin shipyard workers strike
      146 29 Bloomberg [SEOUL] Hanjin Heavy Industries Co, Korea's fifthlargest shipbuilder and heavy machinery maker, said some of its workers launched an indefinite strike yesterday that paralysed a third of the shipbuilder's operations. The strike broke out at two main shipyards in Pusan, Korea's biggest port city, said
      Bloomberg  -  146 words
    • Article, Illustration
      Lock icon Poor standards are due to substandard mentality
      609 30 QUALITY OF SHIPS Substandard ships can't operate without acquiescence of many parties, says Fincantieri MD ABS Surveyor THE problem of substandard ships is really one of a substandard mentality, according to Fincantieri managing director Saverio Di Macco. "The system enables the problem to
      ABS Surveyor; FILE PHOTO  -  609 words
    • Article
      P&O Ports buys stake in Cagliari operation
      298 30 [MILAN] P&O Ports is buying a 32 per cent stake in the company which has the concession to operate a new container terminal in Cagliari on the southern tip of Sardinia. Gruppo Investimenti Portuali has agreed to sell half its 64 per cent
      298 words
    • Article
      SHIPPING SCHEDULES INDEX
      371 30 PAGE Express T L 14 AsiaOCL 6 6 ANL 3 FoongSun 6 Accord 8 frot4 '2 Ahrenfciel 12 Links 14 Appenship 5 Lil Austral 8 G""*tr«ia 8 Avant 14 Genshgp 12 B'tang Mas 8 Glory Nav 14 BSA 7 HaiSunHup 8 BTL 14 Hanqli 7 Balaji Shpq
      371 words
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      SHIPPING GUIDE
      17227 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Njm« Name Number Number SIN Dest'n Name Name Number Number 21*1 06/12 PIL LIBRA AUSTRALIA 443 65 *****3 To ABIDJAN (ABJ) 2003 Cote D'I voire 1/1 WV MOL PS 0 NED
      17,227 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        803 43 Vessel Voy No Berth Arrival Departure JlH Nrt Kn» 09T198 J11 alongside 1011/2359 Auka Seraya 4398 J02 alongside 10 n/2000 0t Ham* Jay *****8 J01 alongside W.tl/2000 tt Lestan I *****8 J01 alongside nil/0600 8t Mekar *****8 J01 <1ongside n 11/0600 tt Mustika *****8 J01 alongside n. 11/0600
        803 words
      • Article
        CONTAINER SCHEDULES
        1809 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/BaltiKe Rttls Ship Voy No Etb/Btr Period From To From AUmpyt 2 8304* 12/0700 M »/1500 KVI651 0/T900 W >0/1500 10/1651 10/1900 a M/1700 n/otw ivoioo 2* 10/1700 n/t*s» n/owo n/0700 n/1159 n/MOO 4 n/1200 n/w5i n/iToo kMns won tyoioo
        1,809 words
      • Article
        GLOBAL HOLIDAYS
        210 43 Nov 11 Belgium: Amistice Day. Canada: Remembrance Day. France: Amistice Day. United States: Veterans Day. Nov 12 Taiwan: Birthday of Dr Sun YatSen.NovlO Brunei: Meraj. Indonesia: Ascension of the Prophet. Nov 22. Mexico: Revolution Day. Nov 23 Japan: Labour Thanksgiving Day. Nov 26 United States: Thanskgiving Day. Nov
        210 words
      • Article
        COCKETT BUNKER MARKET REPORT
        799 43 THIS report, compiled by Cockett Marine OU Ltd. •how* price ranees In US dollar* instead of I ingle price* for a more comprehensive description at the market Price* shown are baaed on average-sixed stem Market movements are Indicated The Cockett Bun ker Price Index change and
        799 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        486 43 Carton 180 Max 993.2 0.7 16.0 0.08 59 0.05 »o* 5 Density Water InMw Ash Aluminium Sediment No above E25 1 0 i 0 0 0 TTZ- 380 Ave 986.8 0J 15.3 0.06 31 0.02 bn. 380 Mai 995.1 0.8 19.8 0.12 154 0.07 WW1 %M/M
        486 words
    • AIR & LAND TRANSPORT HEWS
      • Article, Illustration
        Lock icon Cathay makes initial offer for stake in PAL
        470 44 PAL chairman to provide rest of capital injection: financial secretary Bloomberg Reuters [MANlLA] Cathay Pacific Airways made a provisional offer to acquire control of Philippine Airlines Inc and has begun to conduct due diligence on the cash- strapped carrier, said Cathay Chairman
        Bloomberg; Reuters  -  470 words
      • Article
        Lock icon Audi drops plans to make luxury cars in India
        242 44 AFP [NEW DELHI] German carmaker Audi has stalled plans to manufacture luxury models in India after New Delhi insisted that most of the components should be made locally, the United News of India reported on Monday. Audi spokesman Jurgen de Graeve
        AFP  -  242 words
      • Article
        Lock icon Daimler shareholders accept share swap offer
        123 44 AFP [STUTTGART, Germany] Daimler-Benz said that about 98 per cent of its shareholders had accepted the offer to swap their Daimler-Benz shares for those in the new DaimlerChrysler, the company formed by the merger with US carmaker Chrysler. The period during which shareholders could
        AFP  -  123 words
      • Article, Illustration
        Lock icon Malaysia's first prototype
        42 44 [KUALA LUMPUR] Malaysians looking at the first prototype automotive engine 'Petronas EOle'. Malaysian state oil company Petroliam Nasional Bhd on Monday unveiled on Monday the country's first domestically-made, working prototype of a car engine aimed for commercial production. REUTERS
        REUTERS  -  42 words
      • Article
        Lock icon China's car demand rebounds after crackdown on smuggling
        414 44 Sept output up 31.4%, sales up 29.2% after 4 months of decline AFP [SHANGHAII China's carmakers, long plagued by a slack market, have seen demand rebound following the government's crackdown on rampant smuggling, the official Shanghai Securities News reported yesterday. After four
        AFP  -  414 words
      • Article, Illustration
        Lock icon Airbus may let China make A 320 wings
        473 44 Bloomberg [LONDON] Airbus Industrie may offer Chinese companies a chance to build wings for some of its planes to help it sell aircraft to China, according to British Aerospace pic, a member of the European planemaker. Airbus will probably invite Chinese companies
        Bloomberg; FILE PHOTO  -  473 words
      • Article
        Lock icon FedEx pilots stop flying overtime
        474 44 Union pats pressure on management during peak holiday season Bloomberg [CHICAGO] Federal Express pilots began refusing to fly voluntary overtime on Monday, a move designed to increase pressure during the peak holiday shipping season as they try to win a contract with the world's largest
        Bloomberg  -  474 words
      • Article
        AIRCRAFT ARRIVALS AMD DEPARTURES
        1829 44 cmr fubit cta fucwt ctd sozoos kso ****** 235? MMi MKN 1920 S***** 2359 LM6381 1920 FabMM SOW 1715 S0990 0130 «30 1W0 Guangzhou PtC CZ351 2035 Amstartam KL0843 0540 S024 2320 H«no< VN741 1310 **742 0905 S032T 0800 K1838 2335 S0175 1835 S0176 1035 CAI73
        1,829 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      19 29 Substandard ships due to substandard mentality They cannot operate without acquiescence of many parties, says Fincantieri MD. Page 2
      19 words
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      Page 29 Advertisements Column 2
      76 29 Cathay makes initial offer for stake in PAL PAL chairman to provide rest of capital injection: financial secretary. Back Page fl n r 121E53 m "J! r Any Destination, Any Time. Sailing schedules to the Americas £v mo re. 2 4 hours a day in th e S hipping Gui
      76 words
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      Page 30 Advertisements Column 1
      1149 30 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I MX SUPER SHUTTLE EXPRESS DWECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) W* HASH ETC9N Lfl DM NOU OK NT NOCOOTY VKSB VOT QQ fIMOIM. AOUITIA WOUNA ||4MAVBHMA MMUMBBO iMMCMZ OOQAMKA 30C544 11/11 11/11 27/11 41/11 01/11
      1,149 words
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      Page 30 Advertisements Column 2
      513 30 1 WHAT'S NEWTT Keep on this spot for new services/clients. EXPORT 3 X Jopon 2 Hongkong 1 Mon.fa •1 Kaetung tAcccpttng FCL to RKK/NAHA/SCNDAJ/CERU/LCHI waaorPHOwsHU otwi "itiT TT W *aucr aw an nil ujl im am an t4.ii km tin mi JOJMfIB lltt_LLn l»n iMi JZJI n,n ftll 2ZJJ 2111
      513 words
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      Page 30 Advertisements Column 3
      162 30 Lines services represented I'M55^A JBMft tF Members of the KOI") Members of the Registry of ■>,« Singapore Freight Forwarders Accredited Shipping Agents Association Xiiix' Sngapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE PrtamwLfly V 6798 27/11 28/11 66/12 Prtocess Ul> V 6898 25/12 2112
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      Page 31 Advertisements Column 1
      977 31 TO EUROPE FROM EUROPE Ivissa VOY SMI HTM AN> HAW WV SOU FIT liH IvKSB VOT [IW M« HM MV SOU HT tBI SW API AiAUNMNf 305W 12/11 OS/1? 02/17 03/12 30/11 mAMAZOMH 01H 24/10 21/10 22/1019/10 12/11 MAAS S26W 13/11 29/11 01/12 04/12 OS/12 HYGENBMI 314( 22/10 24/10 27/10
      977 words
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      Page 31 Advertisements Column 2
      1841 31 (H) HANJIN SHIPPING HANJIN SHIPPING (S) PTI LTO h* //mm hon«m cm BOOKING 37*0735 237 SAUS *****74 731 OOCUMfKT 37*0771 774 OfHAIIONS 37*0741 757 MUN UK *****5S FAX TtttttO aHO **********0 M TO NW USA A CANADA USA CANADA* FDt V5l/VOY IAM ISM UMHAU/VOY SU TTW 00 FTk 00 T~Sr
      1,841 words
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      Page 31 Advertisements Column 3
      333 31 C >S I I 11 11 j I jlj IHH UP I 'I I I I 1 ACamMG CAAOO TO MANILA vtssa w, sin mi mi m hi m m a» ar as tmk tot tkc om htt mkt map MUMP n/11 */n M/ii 14/11 TiAI 14/11 n/ii ka\ k/ii
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      1412 32 DSR-SENATOR LINES TOUR/CONTINENT TOMEDnERBANEANCANADA VttttL VOt Hit LB> BTM AHB HAM IHV FU VtSStL VOT S» BIT IPt FOS WX MTW TMDf HARVEST WQM* 13.11 1412 06 12 0112 OSI2 Ml 2 CMOYANO CHANCE WMMt 1211 2*ll *1.12 03 12 06 12 11 12 HAMJM MALTA WNM7 17.11 M.12 OS
      1,412 words
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      Page 32 Advertisements Column 2
      993 32 iA|MAC-NELS S rune M'SIA Carrier; MM COUTH LINES, MC p. qudamq: (or) wum l~lvv\~ J 8I8U: (OM) *****9 MAMLA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MOW: (61) *****6 KUO6WQ (068) *****1-3 IE HAVRE ETA SIN MV "CGM RENOIR" V.7268
      993 words
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      Page 32 Advertisements Column 3
      621 32 LINE Br mi MH43< MXt ISI3III MUARA 1, LABUAN vtssa vor etc n* vissa vot nt n> SPOtf MUARA SPOCI M CAMUMM Vl7l/40 14/11 17/11 CAftAKA JNB-32 Vl7l/M 14/11 11/11 STIAfTS HOff V3IE/N 17/11 20/11 STIAfTS HOPE V3ll/W 17/11 22/11 CAIAKA m-n VIK/40 23/n 24/11 CAKAKA Ml 11-32 VIK/W 23/11
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      Page 33 Advertisements Column 1
      1446 33 VESSEL VOY SIN SIP PKO PEW PQB DUB SHJ BA BIK 1 IRAN MATIN PJL 1319 16/11 25/11 26/11 27/11 29/11 IRAN HESABI PJL 1320 27/11 24/11 06/12 07/12 09/12 11/12 IRAN BAKER! PJL 1321 03/12 13/12 12/12 14/12 16/12 IRAN TAKHTI 09/12 19/12 16/12 20/12 22/12 •RAN SATTARI 14/12
      1,446 words
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      Page 33 Advertisements Column 2
      1795 33 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****0® OUTWARD (I/U^^TmSmTTHIOREOFFKE^™ COSTAR SHIPPING PTE LTD 417-08 DBS BLDG SALES/BKGS *****57/60 INWARD DEPT (0/0) *****85 COSTAR AGENCIES (Ml SDM RMI CR WO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/5S
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      Page 33 Advertisements Column 3
      694 33 •tsr-. EASTERN CAR LINER, LTD. fJLI KL (SINGAPORE) PTE LTD SPECIALIZE IN RORO A HEAVY UFT OPTO 450 TONS ECL (SINGAPORE) PTE UD LOAD NG FOR PORT KLANG/PENANG COLOMBO MV "COSMIC CHALLENGER" V.62 MV "CRISTINA 1" V.56 ETASIN 11/11/98 ETA PKL 13/11/98 ETA PNN 15/11/98 EUSN 1 2/11/98 ETA CLB
      694 words
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      1188 34 EUROPEAJIUSCANDIHAVIA/FINLANOffIUSSI* SGP RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBfi PKI SflP If' 11 M^2 W/12 05/12 07/12 08/12 09/12 E ROUND RE-034 15/10 17/10 16/10 IS/10 20/10 12/11 13/11 I 2J"* 1 22/11 10/12 13/12 11/12 13/12 14/12 E GAINING RE 065 25/10 26/10 26/10 21/11
      1,188 words
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      Page 34 Advertisements Column 2
      988 34 I f SgggPfF PACIFIC INTERNATIONAL UNES (PTE) LTD I I *****55? Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********06 I I lIS m I.?*. I f,t stp mt tu> iii am. m m B an I I KOTA PfRWIRA PWROI7 111/11 17/11 I m/M- rTTTi wTTTI t^T~
      988 words
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      Page 34 Advertisements Column 3
      673 34 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA jgjtt VOY SIW PU) DiW JNI CPT Kl nantai vbuis VQ3OS i?/n ?i/n ?s/n n/n »/n 02/1? GOLDEN DRAGON VOOft 21/11 30/11 04/12 Q7/1? ot/]; MAWTAi PtIHCESS VO2SS 29/11 14/12 It/iT wiT NANTAI QUEEN VO3IS 09/12 IS/12 22/12 2S/12 24/12 ft/lT
      673 words
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      496 35 BSfl x mm. MYANMA pBBk FIVE STAR UNE \u (Myanmor National Lint) Loading for Yangon (Rangoon) VISSII VOY SIN PKI PfN PGU PINY* 157 SID SITTWI 83W 12/11 MALAYSIA AGENTS: lOUSTIAO SHIPPING AGENCIES KUL TU (03) *****00 PKL Til (03)*****01 Ptlt TIL (04) 2****** PGU: TU (07) *****21/4 BANK LINE
      496 words
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      Page 35 Advertisements Column 2
      1514 35 HMNEHYUNDAI MERCHANT MARINE CO., LTD. Ivissa VOY |sm sou im rtm ant haw brv Fa Ivpsa voyl sou ta Km ant ham Ntv fa f"g"l API AIMANMM 30SW 12/11 30/11 05/12 02/12 03/12 NOLAMAZOMTI 01K 11/10 24/10 21/10 22/10 WTT MAAS S26W 13/11 OS/12 04/12 21/11 01/12 HYGMRAI 3141 21/10
      1,514 words
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      Page 35 Advertisements Column 3
      1012 35 NT t non«gon ipeoabcd ajkxorrmn (rto)§(o](£ Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" IVISSEL VOY RAMP HEIGHT SIN LAX CRL MIA SAV kAL ORE NYC NfW MM TARONGA F022 400 Tons 6.3 M 16/11 10/12 19/12 22/12 24/12 26/12 27/12 28/1J 0276r 0570T~ TAIKO F823 400 Tons
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      914 36 BANGKOK/MAP TA PHUT/LAEM CHABANO JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIS JKT [~~PJN NAWTABHUM" 419N In Pt 14/11 15/11 THANA BHUM 312S In Pt 14/11 KOTARATNA RNAO63 In Pt 14/11 GURU BHUM 103S In Pt 15/11 BAN I BHUM 123N 12/11 15/11 14/11 GURU
      914 words
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      Page 36 Advertisements Column 2
      565 36 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VU y°T I S >«T1 DAM OmIrMWC WIN AUTWW AVISSH I IS/1? 16/11 I ?S/)I OMIT >5/11 TO AUSTRALIA j FULL CONTAINER SERVICE va VOT PKC MW I HI |IW STP |Ma IHM 1 AM \~m~ tfIIMHUiD OW U/ll 14/11 7S/11 17/11
      565 words
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      Page 36 Advertisements Column 3
      888 36 VESSELS 1 VOY I 3M I PKI 1 MLA LEH HTM HAM ZEE SOT VILE OE VIRGO S2BW 12/11 25/11 01/12 03/12 O«/12 Wg 07/12 VJXOEVELA N2BW 18/11 18/11 30/11 07/12 06/12 08/12 11/12 12/12 VILLE OE SHANGHAI H2BW 24/11 25/11 07/12 14/12 15/12 Wl2 Wl2 19m VR-LE D'OOtON Y2BW
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      Page 36 Advertisements Column 4
      21 36 CONVENTIONAL SERVICE LOADING FOR DUBAI/DAMMAM/KUWAIT Accepting heavylift upto 55 tons ETA 17.11.98 For Bookings ploaso call GANI RAJI AU TEL: *****14
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      Page 37 Advertisements Column 1
      52 37 VaTal STEITk Dial 740-6000 on demand! —(Retrieve more schedules!) Press "1" I CT Select the port and key in Slßbl the four digit code eg: To New York (NYC) 2275 steQ Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING
      52 words
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      Page 39 Advertisements Column 1
      147 39 mmmmmm free Reader Enquiry Service cut out and fax to 65-*****29 "N Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination:— Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      147 words
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      Page 40 Advertisements Column 1
      1048 40 —W SAMUDERA SHIPPING LINE LTD 15 McCALLUM ST #03-01/02 NATWEST CTR 5.*****5 CR NO. **********00 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CEIIA/MEI CHAN tnZSSIMESBEBMM 7 slgs/week EBBBSZHi 2 slg/week I VESSEL pVOY SIN [~JAK [VESSEL I VOY SIN [PLB SEA LEGEND 718S
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      Page 40 Advertisements Column 2
      738 40 I CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER IVfSSd VOYAG4 ETA SMARM IIA COMMMO EM KAKAON swat ootm ij/ii/h 17/1 i/w ?i/n/n SHALAMAt 003HW 24/1 l/W 01/17/W 04/17/W SNA! 003HW 03/12/18 01/) 2/18 11/12/10 SHAMMAIAI 004HW 17/12/18 72/12/18 V]\V%_ swai QQ4XW n/n/n
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      Page 40 Advertisements Column 3
      404 40 m FAR EAST 15/11 KEELUNG/KAOHSIUNG 15/11 BANGKOK 15/11 MANILA/CEBU 15/11 JAKARTA/BELAWAN/SURABAYA 15/11 PORT KELANG/PENANG/E MAUYSIA 15/11 BUSAN 15/11 TOKYO/YOKO/KOBE/NGO/OSA 15/11 HONGKONG SIM china 15/11 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/UK 15/11 LDN/FLX/LVP/SOU R DM/ANT /LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 17/11 LOS ANGELES/NEW YORK all IPI
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      Page 40 Advertisements Column 4
      613 40 rrrg Singapore Soviet Shipping CPL a No IOOSOUOOOON Multiline Shipping PL W33J :WHo»r OwMdSukudarY) a No U*****0000C VESSEL VOY SIN BOM PNG PKL BUXMOON 120N 14/11 22/11 04/12 KOTA RUKUN RKNOI9 20/11 28/12 10/12 KOTA RATU RTUO27 28/11 08/11 18/12 I VESSEL VOY SM CALCUTTA SIN HARIBHUM 03SV 12-13/111 18/11
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      937 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I MG I SIN I JKT I SU» I PPG I »tW I OH I MM I H*l I HTI I 0« I SAV NIW I MM HOU I HOtOH POM /0541 17/11 24/11 28/1) 30/11 05/12 10/12 17/12 20/17 U/01 H/01
      937 words
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      Page 41 Advertisements Column 2
      1493 41 lytWi/vpuqi yOM 1 KV 1 Rm 1 Hftß I UH IZZ3 Ivissa/voyage i inn Iw»lym I m CANOPUS 03WA4S 1111 2111 30.11 01.1 J 05.12 LBSLJIOM HAGOYA SHWIfIJ TOTTO PONIROWIOON 01MM44 20.11 0112 0112 09.12 1112 PONIKQOI 02EA42 17.10 lt.lo 21.10 2110 1111 uii 1711 1011 |po«ro« amu 21,1 ,112
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      Page 41 Advertisements Column 3
      111 41 SHIPPING CO, LTD. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER BREAK lULK CARGO VKSa VOY PI SIN I JKT I HHJ I H I JPN runs FUTURE 1 IT 10/11 12/11 26/11 TRAMS PACIFIC 5 85 15/11 17/11 19/11 22/11 23/lT 03/12 DEIPHINUS SS 29/11 01/12 03/12 06/12 07/12 17/12 trams future
      111 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      849 42 I~ VESSEL VOY TIGER BAY 658N 11 12/11 16-22/11 26-27/11 I TIGER PEARL 659N 15-1&11 01-02/12 I TIGER ISLAND 660N 18-19/11 24-01/12 I TIGER BRIDGE 661S 21 21/11 FOR DISCHARGE ONLY I TIGER SEA 661N 24-24/11 28-04/12 09-10/12 I TIGER BAY 662N 26-27/11 01-OS/12 12-13/12 I IVESSE^^^^VO^^Sl?^^CA^^SlJ^| TIGER RIVER 345S
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      Page 42 Advertisements Column 2
      736 42 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesinQsing net.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA BUENOS AIRES CEBU ISTANBUL IZMIR LAEM CHABANG MALTA SANTOS SHANGHAI PLEASE CALL OUB TOLL LIMIt ISAA FOR BOOKING. Oversea* Offices Hongkong *****113 flmt#a»iaonline.n«t Port K«lang *****40 fluietw.nt.my Kay ssiis aagsssff sass AY/ AVANT
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      Page 42 Advertisements Column 3
      1116 42 IQOCL (Singapore) Pte Ltd CFS Kepp^l 79 Amm Rood #21-04 (S) *****6 Hk 513 #01-128 CR NO **********0H T«fc 272 7827 For book mg qh -P* Bffl (Malaysia) Sdn BKd (Rag No: *****2-U) (a n vs< PfTALIHG JAYA W: 03-756 7776 Fax: 03-754 6657 PENANG M: 04-*****45/8 Fix: 04-*****43 *****80
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      129 43 LEGEND. R Thunderstorm •<, X\ Shower Weather Wmd direction with speed in knots Rom U Cloudy Sky Wov h^h Surfoce winds are indkoted by arrows which fly with the wind O One tuM circle represents calm or bght ond variable winds One holt Heche represents 5 knots I—► One Ml
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