The Business Times, 19 November 1998

Microfilm: NL21356
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    15 1 MIT A (P) 11 (VI2/97 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, NOVEMBER 19, 1998
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  • Article
    MARKET SUMMARY
    62 1 □sn M7L7O (+35.94) MBT.SU UM6.47 (+14.31) PISIMMFUTTJIEB U1*L24(+6.54) gUKKETaOQDe 9T0C1 BASKET UD1CES Wednesday ChangeKLSE COMP ***** -178 NIKKEI 14JMM3 +18U3 HANG SENG 1MU42 +U7I SET INDEX 346.13 +IM JAKARTA COMP _MH *117« MANILA COMP UBML77 +41* TAIPEI WP! 7,111.14 .-SUV SEOUL OOMP 423.74 -0.69 CLSA CHINA B 66QJ1
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  • Article
    FINANCE
    68 1 FOKEX BATES uss St U8$ t.636 1J7I 1731 W. LI7J #178 TOI IS1J 1J49* W UN 0.499 HW 7.741 Mil BAIf Kit 9.046 MJPIAH 7,499 9.022 'St* nm* PUME1ATES SINGAPORE* 6.76 KIJALA LUMPUR 11.50 JAKARTA 28.N BANGKOK 14.71 MANILA 22.90 HONGKONG 10.26 TAIPH AM SYDNEY g.46 TOKYO IM SEOUL
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  • Article
    Temasek refutes report of share purchases
    488 1  -  They'rejustp&rtof equities transferred from POSBank after its merger with DBS By< Conrad Raj [SINGAPORE] Temasek Holdings, the government holding company, yesterday refuted a Bloomberg report that said it had bought Ss76 million worth of blue-chip shares as part of an effort to bolster the
    488 words
  • Article, Illustration
    Lock icon Surprise DBS rate cut sparks 3% stock market surge
    378 1  -  US Fed rate cat impact minimal, brokers say By. R Sivanithy [SINGAPORE] While the rest of the region reacted only mildly to Tuesday's US interest rate cut, the local market yesterday raced off with a 3 per cent surge after DBS
    Source: Reuters  -  378 words
  • Article
    Rate cut brings big relief to S'pore homebuyers
    471 1  -  Lower prime rate more than offsets likely CPF cut, say analysts By I Siow Li Sen [SINGAPORE] With DBS Bank's latest interest rate cut taking the prime rate down to 6 per cent back to 1996 levels buyers of private homes facing
    471 words
  • Article, Illustration
    Lock icon JTC launches novel 1st tranche of 7-year bonds
    1042 1  -  The $300 m issue will be listed and has a retail portion By Wong Wei Kong [SINGAPORE! Jurong Town Corporation yesterday kicked off its $4 billion mediumterm note (MTN) programme by Issuing a novel first tranche of $300 million worth of seven-year
    CHRIS LOH  -  1,042 words
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      129 1 DBBPB SUfMkfft A US federal judge on Tuesday backed claims by Sun Microsystems and gave Microsoft 90 days to modify its Windows 96 or withdraw it from the market, Pg 13 i-sajiu. if Jjkw/'. the carmaker Continuing to Outperform HBap£l9 .par-■ f Almost 60% of British companies expect to invest
      129 words
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      36 1 Wall Street cool to Fed rate cuts, Pg 12 Market reports, Pg 26-30 Prime rate cut: Mors reports, Pg 3 Falling rates unlikely to spur consumption and investment Property stocks' run-up brings tidy profits to investors
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      148 1 f*. x ill .a i; iIS AVf i^l^-'' T#||vi J > BV 4< >3 yfr 1 I K.. J Rl 1 m gv*W FBfj ->■ 'nr iTTM B£S V! p B g Sr^Sf»» 1| svll M, 1 Out for hmch [CYBERJAYA, Malaysia] 7/4 /unc/z rtm« at the Apec summit And
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Goldman Sachs setting up fund to buy Asian assets
      673 2  -  Fond size unknown; move comes as firm sees corporate revamp picking op Ifyi Catherine Ong WALL Street investment bank Goldman Sachs is setting up a multi-million dollar recovery fund to buy Asian assets as it sees corporate restructuring gathering pace in
      ARTHUR LEE  -  673 words
    • Article
      NorthOaks to stop absorption of stamp duty
      296 2  -  Hong Leong Holdings Julys move applies to ,flAles after Dec 6 I By. Ang Wan May [HONG Leong Holdings will (stop absorbing the stamp dujty for North Oaks executive j condominium units that are i bought from the second week j of December.
      296 words
    • Article
      Up to companies to try cut non-wage costs: NTUC News
      315 2 management should j not just sit and wait j for govt to cnt costs, i it says in editorial IT is up to companies to negotiate for lower costs in nonwage areas due entirely to the private sector that were
      315 words
    • Article
      S'pore, Japan foreign currency rating on par
      302 2 RATING agency Fitch IBCA yesterday said it has assigned Singapore a long-term foreign currency rating of AA+, putting it on the same rating level as Japan. It said in a press release that Singapore "stands head and shoulders above most of its East
      302 words
    • Article
      Bids for three URA shophouse sites reflect 'healthy' demand
      359 2  -  By\ Eugene Low THREE tenders for shophouse sites, called by the Urban Redevelopment Authority, closed yesterday with bids that reflected "healthy" demand, given the current market sentiment. A company, Perdana Consultants, emerged as the top bidder for two sites one on
      359 words
    • Article
      Oct non-oil exports seen up 0.7%
      352 2  -  EYE ON THE ECONOMY Outlook- By Audrey Tan 1 non-oil domestic ex- port# are expected to have grown jusfo.7 per cent In October, though analysts say there are early signs of a boost from Christmas demand. In a sample of six forecasts collated by
      352 words
    • Article, Illustration
      Qualitative factors seen as key in developing S'pore services
      512 2  -  By Marissa Chew TO develop Singapore into a premier services hub, it is not enough to go on the traditional quantitative indicators in formulating policies and regulations, said a sub-group of the Committee on Singapore's Competitiveness (CSC). In its report released
      512 words
    • Article
      Wage cuts not big problem for property market: Kwek
      171 2 PROPERTY developer Kwek Leng Beng is not worried about the impact of impending wage cuts on the property market. Speaking to reporters after the hub services sub-com-mittee press briefing, the Hong Leong Group executive chairman said: "Wage cut is not a
      171 words
    • Article
      Sita gets OHQ extension – a perfect birthday gift
      379 2  - Sita gets OHQ extension a perfect birthday gift Firm is world leading provider of air transport industry's telecoms needs uy David Boey IT'S double joy at Sita as the company celebrates its 30th year of business in Singapore with a 10-year extension of its Operational Headquarters (OHQ) status by the
      379 words
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      41 2 Singapore China Hong Kong BVI.f Bahamas Mauritius Seychelles Singapore ft Offshore Shelf Companies International Tax Advice 750 companies (eg. BVI, Bahamas, Corporate Services ft Mauritius, Cayman etc.) Formation of Singapore Consultancy on offshore Companies structures Full secretarial, nominees ft admin, support
      41 words
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  • PRIME RATE CUT
    • Article
      Falling rates unlikely to spur consumption and investment
      508 3  -  Economists see another 1-2 point cat in prime rates by middle of next year By. Audrey Tan PRIME rates are expected to fall another one to 2 percentage points in the next six months, but economists expect this to have little impact
      508 words
    • Article, Illustration
      Lock icon Further rate cuts, but will stocks stay up? Analysts differ
      602 3  -  By Ven Sreenivasan (SINGAPORE] Analysts see interest rates continuing to fall during the next six to 12 months, but are divided on whether rate cuts alone will be enough to fuel a sustainable rally on the stock market. The last
      Source: Bloomberg  -  602 words
    • Article, Illustration
      Lock icon Property stocks' run-up brings tidy profits to investors
      424 3  -  Seme ceuters have recorded price gains as high as 300% By] David Boey [SINGAPORE] Daring investors who shrugged off the millions in provisions and the lacklustre sales racked up by real estate developers could have pocketed tidy profits from the recent run-up
      Compiled by BT  -  424 words
    • Article
      Developers' provisions to wipe out gains
      261 3  -  By David Boey CUTS in prime lending rates may offer beleaguered property developers some relief, but their savings in interest payments would probably be wiped out by future provisions, real estate analysts said yesterday. Asked how developers could benefit from further cuts in prime
      261 words
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      232 3 Our clients expect the best private bankers to be working with us. So do we. Being the world's largest private bank, and To offer this level of service we focus on the world's largest asset manager, makes one asset that's a key investment for us, us count. and for our
      232 words
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      Page 3 Advertisements Column 2
      80 3 y JfcUWk aV mMBW ft* .a Pasha Automatic movement. Water-resistant to 100 metres. Prices range from 554,530 0 z 1 Avßdßbte at: <§> Cortina Watch Centre SMOAFORE Cortina Wuc* Centra PW Ltd RaffWt CHy #01-36 Tat: 330 9186 Fax:*****60 Lucky Plaza to 1-32 Tai: *****08 Fax: *****73 MManta Vft* #01-63*4
      80 words
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  • APEC SUMMIT
    • Article
      PM Goh, Habibie in first bilateral talks since May
      254 4  -  EM says he now has clearer picture of Indon situation fivm Yang Razali Kassim HI Kuala Lumpur SINGAPORE Prime Minister ogh Chok Tong and Presid&nt B J Habibie met yesterday in bilateral talks for the fUst time since the Indonesian leader
      254 words
    • Article
      Lock icon Little substance in final declaration, say analysts
      404 4 Reuters O&JALA LUMPUR] The Apec (&ia Pacific Economic CoopMtion) leaders' final declarerion at this year's meeting fcKuala Lumpur left finan<jjw markets uninspired and *ojth a feeling they had heard (Hll before. VThe leaders' declaration a two-day summit said a pqk force would be
      Reuters  -  404 words
    • Article, Illustration
      Lock icon Youth wings send protest note to US
      472 4 But DrM sidesteps confrontation, says no change in ties Reuters [KUALA LUMPUR] The youth wings of Malaysian Prime Minister Mahathir Mohamad's governing coalition lodged a protest with the US embassy yesterday over Vice-President A 1 Gore's endorsement of an anti-govern-ment movement spawned by
      Reuters; AFP  -  472 words
    • Article
      Lock icon No consensus on hedge funds' role, short-term capital flows
      253 4 AFP [CYBERJAYA, Malaysia] Apec (Asia Pacific Economic Cooperation) leaders discussed the impact of shortterm capital flows and the role of hedge funds during their retreat here but failed to reach any consensus, a Japanese official said. -,"Many countries voiced strong opinions
      AFP  -  253 words
    • Article, Illustration
      Lock icon Leaders agree on revamping global financial architecture
      830 4  -  6-22 to lead way; ministers to come up with measures by the next summit hYom Yang Razali Kassim in Kuala Lumpur ASIA-PACIFIC leaders ended their sixth summit here yesterday with a clear agreement to reform the international financial architecture. The consensus was contained
      REUTERS  -  830 words
    • Article
      Lock icon Bluntness maybe part of wider US agenda
      371 4 US sees political reform as best path to recovery: experts Reuters [KUALA LUMPUR] Blunt US comments about democracy and reform which outraged Malaysia and upset other leaders at the Apec summit may look like the act of an innocent abroad or an administration
      Reuters  -  371 words
    • Article
      Malaysians up in arms over Gore's blunt comments
      519 4  -  Think-tank head takes full page ad blasting Y-P hYfjm Eddie Toh in Kuala Lumpur THE head of a Malaysian think-tank took the unusual step of placing a full-page advertisement in an Englishlanguage daily yesterday which hit out at US Vice-Pres-ident A 1
      519 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Thai bourse could be Asia's star in 1999: broker
      398 5 It says country has regained foreign confidence and become hot place for direct investment Reuters [BANGKOK] The Thai stock market could be Asia's star performer in 1999 as foreign funds return to the economy, a local brokerage said in a report
      Reuters; FILE PHOTO  -  398 words
    • Article
      Lock icon S Korean bankruptcies at 25-month low
      262 5 Banks' willingness to extend debt payment deadlines helps Bloomberg [SEOUL] South Korea's corporate bankruptcies fell to a 25-month low in October as interest rates declined and banks worked to support viable but cash-strapped companies. Corporate failures totalled 1,036 including 349 in Seoul. That's the
      Bloomberg  -  262 words
    • Article
      Lock icon IMF trying out a different cure with Philippines
      351 5 Bloomberg [MANILA] The Philippines and the International Monetary Fund agreed on a revised economic programme for 1999 that includes a wider budget deficit to step up spending on civil works and agriculture. "Economic growth has slowed sharply due to external shocks as
      Bloomberg  -  351 words
    • Article, Illustration
      Lock icon Yuan to stay strong next year: central bank chief
      279 6 Bat devaluation not explicitly ruled out; export situation will be severe AFP [SHANGHAI] China's central bank governor, Dai Xianglong, yesterday said support for the yuan in 1999 will remain strong but did not explicitly rule out a devaluation. "Next year's export
      AFP  -  279 words
    • Article
      Asean shell-shocked but not a spent force, says SM Lee
      392 6 Members still need each other to have a bigger voice [SINGAPORE] The financial crisis has left Asean nations shell-shocked but the regional grouping is far from being a spent force, Senior Minister Lee Kuan Yew said in an interview. "The
      392 words
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      42 5 Cant Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified, Home Needs Classifications 90 to 120. f§t [cAT.SI|
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      7 5 Editorial: Thailand's long road back, Pg 14
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      506 5 llf VM p^Jm j^P 4 "s 'v j*. B ißi" Im ivi^^M bb I m^^M B II i l# H I |^|l I B«§ USAafiA2|finJ CitiSelect Income Fund, new to the CitiSelect Funds' family, will invest in :o Global Bonds, High Yield Bonds and US Money Market instruments. If you're
      506 words
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  • Page 6 Advertisements
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      113 6 JM C Congratulation* to > Morgan Stanley Dean Witter Jaffaial Opening of it* Singapore "O^aStK/I^Km fMB HP Jj *3 "1 X i y^ II 25 Church Street «A Largest floor plates of up to 30,000 sq ft Above the norm carpark space State-of-the-art intelligent features Close to Raffles Place MRT
      113 words
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      180 6 LANDBAY I CONDOMINIUM I THE INSPIRATION IS BALI. THE YOURS. R It's a getaway without getting granite flooring. Marbled bathroom* •way. It's the tranquility of with Jcaitfwl fitting*. And 15 feet resort where Balinese art and high ceiling*. Pure indulgence. sculptures greet you on your walks. Laadbay W2- and 3-bedroom
      180 words
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      Page 6 Advertisements Column 3
      34 6 CUmtLtiaaMtosetupbody to take over bad loans, Pg 9 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Ssrvte*
      34 words
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      1140 7 Property transactions for districts 15 and 16 (sectors 42 to 45 and 46 to 46) lodged between Oct 10 and Nov 14. Project Name/ Prop Contract Tenure Built-in/ Price PsJ Street tar* Type Date Land Area* (Sq ft) (SS 000) <SS) District 15 Amber Park Apt 09/03/98 FH
      1,140 words
    • Article
      Go east for a bargain in landed properties
      627 7  -  Terrace homes are down 45% from the peak, bungalows 66%, semi-Ds 46% By Corinne Kerk [SINGAPORE] GOING by the latest Urban Redevelopment Authority (URA) figures, home buyers who have their hearts set on a landed property should really be looking at the
      627 words
    • Article, Illustration
      Lock icon Most of Spring Grove units held for investment
      402 7  -  By] Lilian Ang [SINGAPORE] More than 80 per cent of Spring Grove, an award-winning condominium project in the Grange Road area, was bought for investment purposes. Latest data from the Singapore Institute of Surveyors and Valuers (SISV) show that only 41 units
      FILE PHOTO  -  402 words
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      78 7 Mm rf*> 1 H B Mil BlllJll nll HI I r.ap.. >|* Have a Lottie of Ken Jell Jackson Grand Reserve 1994 and enjoy a plate of Mfcyfc-, J salmon S!fTcavier platter n e ouse cM ffiDlKllJ BHliSwiTlßmn 'Happening every Thursdays Saturdays Imagine having your Moroccan Lamb Brocbettej, Thai-style Sbrimp
      78 words
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      Page 7 Advertisements Column 2
      269 7 We provide consultancy services on offshore structures, shelf companies and incorporatioas in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      269 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Indon political scene set to turn volatile: analysts
      542 8  -  Students march for reforms in 8 cities as opposition figures are quizzed for alleged subversion Froml Shoeb Kagda inJakarta INDONESIA is entering a new and dangerous period of political and social turmoil following the fatal shooting of 14 people, including seven students,
      AFP  -  542 words
    • Article
      Green groups want Thai-S'pore project relocated
      406 8  -  USs7oom industrial estate will pollute reservoirs, they say From Harish Mehta in Bangkok AN ambitious US$7OO million (Ssl.l billion) industrial estate project by Thai and Singapore companies has run into opposition from environmental groups which is calling for the project to be relocated. The
      406 words
    • Article
      Lock icon Vietnam to ease grip on telecoms services from next year
      411 8 HO CHI MINH CITY Itll allow joint venture foreign participation Reuters VIETNAM will loosen some control over its tightly regulated telecommunications services from 1999 to allow direct foreign participation through joint ventures, a senior official said yesterday. Le Nam Thang,
      Reuters  -  411 words
    • Article
      Lock icon Power failure hits KL, several states for 3 hours
      180 8 KUALA LUMPUR Reuters MALAYSIA'S national electricity firm Tenaga Nasional said a tripped power line disrupted supply to many parts of the country for up to three hours yesterday. But Tenaga said a preventive system within its power distribution channel prevented a
      Reuters  -  180 words
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      75 8 -It. -in hu ■f BHRHH m fl|^BlK t F7 n 4^k m. r K"Y 1 w IBk. p or J3&|^^ ■HbB| jjjrESsC. 9 i Bell Ross s ife k*' CHRONOGRAPHS f »!>£ jX Deluxe Eastern Watch Centrepoint. Sincere Watch Ngee Ann City. Sincere Watch Duty Free Singapore Changi Airport Terminal
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon Faulty lighting delays HK's second runway
      242 9 HONGKONG AFP OFFICIALS at Hongkong's troubled international airport said yesterday a muchneeded second runway would be finished this year, but the opening will be delayed for technical reasons. "The new runway will be completed by the end of this year, but there is enhancement
      AFP  -  242 words
    • Article, Illustration
      Lock icon China plans to set up body to take over bad loans
      480 9 SHANGHAI Financial sector overhaul next year will see NPLs down to acceptable levels AFP CHINA will launch an overhaul of its debt-saddled financial sector in mid-1999 with the establishment of a body to clear bad loans, central bank governor
      AFP; FILE PHOTO  -  480 words
    • Article
      Lock icon China's exports may slide for first time since 1985
      186 9 U BEIJING Bloomberg CHINA'S exports may fall this year, the first slide since at least 1985, as slower Asian growth crimps demand for Chinese goods and services, said Vice-Minister of Finance Gao Qiang. "Exports may have negative growth this year," he
      Bloomberg  -  186 words
    • Article
      Lock icon China producing enough food: official
      321 9 BEIJING Grain imports won't be more than 5% of country's needs Reuters A TOP executive of China's largest state-run grains trading firm said yesterday that China has largely achieved self-sufficiency in foodstuffs and its grain imports would not exceed 5 per cent of the country's
      Reuters  -  321 words
    • Article
      Lock icon Gitic collapse signals China effecting reforms
      421 9 BEIJING Beijing's sovereign risk has improved as a result: banker AFP THE collapse of Guangdong International Trust and Investment Co (Gitic) sent a strong message to the outside world of the financial reforms China is undertaking, a French banker said yesterday. "Gitic was a
      AFP  -  421 words
    • Article
      Lock icon China tax revenue falling short of '98 target: report
      477 10 SHANGHAI 664b yuan collected in Jan-Oct still 7% below pace needed to exceed '97 level AFP TAX revenue collected by China this year is falling short of state targets despite exhortations by top leaders in recent weeks, the official Shanghai Securities
      AFP  -  477 words
    • Article
      Lock icon Beijing taking steps to boost B share market
      293 10 BEIJING Plans include allowing private firms to issue shares Reuters CHINA will take steps to boost its stagnant hard currency B share market, including allowing private firms to issue shares, a securities official said yesterday. "We will expand the scope of candidate
      Reuters  -  293 words
    • Article
      Lock icon Y2K bug: US$600,000 aid for China
      215 10 BEIJING Reuters THE World Bank has pledged US$6OO,OOO (*****.700) towards China's race to tackle the millennium or Y2K bug, which is still lurking in many state computer systems, Chinese media said yesterday. China has been scrambling to fix computer systems in its banking, finance,
      Reuters  -  215 words
    • Article
      Lock icon 3 Shenzhen accountants lose licences after fraud is exposed
      155 10 SHENZHEN Reuters CHINESE regulators have revoked the licences of three accountants in Shenzhen city in southern Guangdong province for irregularities, the Securities Times newspaper reported yesterday. The three officials were the director-general of finance and the finance manager of the Shenzhen
      Reuters  -  155 words
    • Article, Illustration
      Chiming apiece of rural China
      653 10  -  Scheme susceptible to scams, but banning It is not the answer CHINA WATCH By Lu Ning MANY of America's rich and famous love to own a piece of rural estate. Remember Ronald Reagan's mountain ranch north-west of Santa Barbara, or Michael Jackson's infamous 1,090-ha Neverland?
      653 words
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      2190 10 ANNOUNCEMENT $> VICKERS BALLAS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) CONDITIONAL VOLUNTARY TAKE-OVER OFFER FOR ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) Introduction On 8 September 1998, Vickers Ballas Holdings Limited ("Vickers Ballas" or the "Offeror") announced a proposal to make a voluntary take-over offer for
      2,190 words
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  • ASIA
    • Article
      Lock icon Clinton's trip to Japan may boost defence ties
      460 11 TOKYO Talks to focus on Japan-US military alliance as wary China watches Reuters PRESIDENT Bill Clinton's visit to Japan this week is likely to smooth out wrinkles in forging the strongest-ever military ties between Tokyo and Washington, defence experts and officials say.
      Reuters  -  460 words
    • Article
      Lock icon India accused of ignoring MNC investment potential
      281 11 NEW DELHI Wooing only expats is short-sighted, says UK-based billionaire AFP AN expatriate Indian industrialist counted among the world's top 100 billionaires has criticised the ruling Hindu nationalists for failing to recognise the investment potential of multinationals. Britain-based L N Mittal was quoted
      AFP  -  281 words
    • Article
      Lock icon Key Indian industries to get boost from govt
      183 11 NEWDELHI Reuters THE Indian government, faced with a slowdown in trade and industrial output, is planning a package of incentives to revive key industries, officials said yesterday. The fiscal and financial concessions would be based on the advice of expert panels set
      Reuters  -  183 words
    • Article, Illustration
      Lock icon Mickey Mouse turns 70
      55 11 [URAYASU, Japan] Overview of about 2,oooJapanese wearing coloured ponchos to create a design of Mickey Mouse as part of celebrations to mark the 70th birthday of the character at Tokyo Disneyland yesterday. The internationally recognised characterfirst appeared in the cartoon "Steamboat Willie" which premiered in New
      REUTERS  -  55 words
    • Article
      Lock icon Kiwi falls on recession report
      334 11 WELLINGTON NZ$ goes to as low as 52.79 US cents; economy seen shrinking 1% Bloomberg THE New Zealand dollar fell as much as half a US cent after the central bank said it expects the economy will stay in recession this year and there's scope
      Bloomberg  -  334 words
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      115 11 Cashmere in leather. Or how to advertise your Christmas bonus. ■1 s To celebrate the opening of our new boutique, we are giving away 2 Eastern Oriental Express rail tickets to one lucky customer. Make a purchase ot 1000 or more at the Seeger boutiques in Singapore from now until
      115 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Wall Street cool to Fed rate cuts
      662 12  -  Some see the Fed patting off farther cats till the economy clearly slows down By- Andrew Marks in New York WALL Street has given the Federal Reserve's decision to cut the federal funds rate and the discount rate by a quarter point each
      REUTERS FILE PHOTO  -  662 words
    • Article
      Lock icon US Sept trade deficit falls US$1.9b
      410 12 WASHINGTON Surging aircraft exports help narrow trade gap to USsl4b, from Aug record high Reuters AFP THE US trade deficit shrank in September from a record level, helped by surging aircraft exports, the government said yesterday. The trade gap fell by US$l.9 billion (Ss3.l
      Reuters; AFP  -  410 words
    • Article
      Nearly 60% of UK firms will maintain Asia investments: poll
      310 12  -  From Neil Behrmann in Ijondoii ALMOST 60 per cent of British companies expect to invest the same or more in Asia during the coming twelve months, despite the recession in the region. Indeed over the next five years, UK firms
      310 words
    • Article
      Lock icon Tighter US rein on OTC derivatives unlikely: lawmaker
      392 12 NEW YORK Senate agricultural panel to discuss regulation of derivatives market Bloomberg US Congress is unlikely to impose heavy regulation on over-the-counter derivatives as a result of a planned review of futures and derivatives next year, a key congressional aide said on
      Bloomberg  -  392 words
    • Article
      Lock icon Slower German growth, no deflation seen in '99
      224 12 BONN Reuters GERMAN economic growth will slow next year, but the country does not face deflation, the independent Council of Economic Advisers said in its annual report yesterday. However, the panel gave Chancellor Gerhard Schroeder's new government poor marks for its policies,
      Reuters  -  224 words
    • WORLD Watch
      • Article
        Lock icon Clinton leaves for Japan, Korea, Guam
        68 12 AFP [WASHINGTON] Embarking on a five-day trip to Japan, Z South Korea and Guam, US President Bill Clinton said £5 yesterday he hoped to tackle the Asian economic crisis and the North Korean security threat. Mr Clinton said Japan, the world's second largest economy
        AFP  -  68 words
      • Article
        Lock icon Russian industrial output down sharply
        49 12 AFP [MOSCOW] Russian industrial output fell severely by 11.1 per cent in October and by 4.6 per cent over the first 10 months of the year in comparison with corresponding IZ periods in 1997. the State Statistics Committee said yesterday according to Interfax. AFP
        AFP  -  49 words
      • Article
        Lock icon Credit Lyonnais debt payment gets nod
        104 12 Bloomberg [BRUSSELS] Credit Lyonnais SA won European Union approval to pay off its debt to the French government in aS lump sum instead of handing over a percentage of its profits for 16 years, a first step in preparing itself for sale to private
        Bloomberg  -  104 words
    • Article
      Court rules in favour of Sun in Java program suit
      517 13 SUM 78 MICROSOFT Microsoft ordered to ondify Windows 98 iQ 90 days or withdraw product [SEATTLE] In a stinging defeat for Microsoft Corp, a federal judge on Tuesday backed technology claims by Sun Microsystems Inc and gave the software giant
      517 words
    • Article
      Lock icon Brazil's GDP slumps 1.5% in Q3
      381 13 RIO DE JANEIRO Q4 seen to be worse on impact of soaring rates on industry Bloomberg BRAZIL'S economy tumbled in the third quarter, its worst quarterly decline in three years, as high interest rates grimped consumer demand, further evidence a recession looms for Latin
      Bloomberg  -  381 words
    • Article
      Lock icon Labour saves Netanyahu in peace deal vote
      268 13 JERUSALEM Reuters ISRAELI Prime Minister Benjamin Netanyahu yesterday faced political disarray after his own camp denied him majority support in a Parliament vote that endorsed his peace deal with the Palestinians. The chamber decided by 75 to 19 with nine abstentions on Tuesday
      Reuters  -  268 words
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      886 12 /a\ t(8&^ VI/ BANK OF CHINA BALANCE SHEET, AS AT DECEMBER 31. 1997 /<- -v-\ J€' RMB Million ASSETS 1997 1996 LIABILITIES 1997 1996 <s Cash 12,099 10,279 Due to Central Bank 180,888 187,862 Due from Central Bank 122,276 114,214 Due to Banks 443,397 421,989 Due from Banks 583,370 543,286
      886 words
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      136 13 S B v ■MmMt v mLmm K M <fl A H f US JP TiV S m I f a M.| l|BP 1 JRSDAV ifi r^di the nite DJ 11h e sta ge join the entry 1 'Hi'f I S Specialists 1 Shopping Centre I *****8 1221 21 years above,
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  • EDITORIAL & OPINION
    • Article, Illustration
      West's share boom masks fear of slump
      758 14  -  THE BOTTOM LDVB OPINION By Neil Behrmann The writer is BT's London correspondent AVE global stock markets proved the ft doomsters wrong? Hie sharp rallies in I Europe and the US seem to suggest the optimists had it right after all The respoiW
      758 words
    • Article
      IN OTHER WORDS
      154 14 'Clinton has sent the US careening down an endless highway which appears on no maps, has no speed limits, no police patrols, and no exit or entrance ramps.' -Connie Holms the chairwoman of the Global Climate Coalition, which represents major industry groups opposed to the international agreement
      154 words
    • Article
      Thailand's long road back
      632 14 EDITORIAL IT HAS probably been the longest 15 months in the country's histoiy, but Thailand's policymakers have taken the hard road back from economic despair. And while Thailand where the regional economic crisis began is by no means out of the woods yet, there are some
      632 words
    • Article, Illustration
      Lock icon Euro could spell trouble for greenback in Asia
      1101 14  -  If Asian nations shift some of their US$ reserves to the euro, it could pnt pressure on value of the dollar By Philip Segal IHT ALTHOUGH the economies of Asia remain shell-shocked, Asian countries still hold hundreds of billions of US dollars
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    • Article, Illustration
      WHAT THE OTHERS SAY
      962 14 HaUUe'i felling credibility THE botched handling of student protests that led to last week's Black Friday has iurther eroded what little credibility President B J Habibie and his government has. Yet, in the absence of constitutional legitimacy, credibility is the only thing that Mr Habibie has
      962 words
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      93 15 BLANC PA SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. WILL lK Kb M^p Phase The only moon-phase 100-hour power <j> Cortina Watch Centre EXCLUSIVELY AVAILABLE AT: SINGAPORE: Cortina Watch Centre Pre Ltd Raffles City #01-36 Tel: *****85 Lucky Plaza #01-32 Tel: *****68 Millenia Walk #01-63/64 Tel: *****28
      93 words
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      178 16 fe «r NOW THAT WE'VE. MERGED WITH CORESTATES, IT'S ABOUT THE ONLY PLACE WE DON'T OPERATE. YET. 0 > v v*', »fw f> w. fIF v > w .<?« 4# °*^i fTj.-' For over 200 years, Core States and its predecessor, Philadelphia National Bank, .'VN fs* F f/y y have
      178 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Catching a falling star
      575 17 SCIENCE Leonid shower, a bit ahead of schedule, dazzles some, disappoints others NYT [NEW YORK] The much-an-ticipated storm of Leonid meteors swept over Earth on Tuesday, a bit ahead of schedule, leaving many sky watchers disappointed but others dazzled by fireballs as bright as the full
      NYT; SiEW YAW HOONG  -  575 words
    • Article, Illustration
      Lock icon Making history in the 2 Koreas
      756 18  -  Over 1,400 S Korean tourists will be the first civilians to travel to the North.since the peninsula split 50 years ago, PTT T tarramt reports BILL TARRANT Reuters AFP THE first South Korean tourists to visit the North began a journey yesterday across the
      Reuters; AFP; REUTERS  -  756 words
    • Article
      Lock icon Sound of Music family in feud over family lodge
      360 18 THEATRE AFP [NEW YORK] While theatre fans flock to the Broadway revival of The Sound of Music, the real von Trapp family on which the musical is based sings to two very different tunes off-stage. The show depicts the early days
      AFP  -  360 words
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      208 17 j Where to wine, dine and entertain... <►>ea Car™ E <r Join us for our delicious Cantonese buffet and partake in the best "Siew Lap", "Sar Poh" and Tang Thong (BBQ dishes, claypot dishes and double boiled soups). 1 -30 November Buffet Lunch 8C Dinner: #22.50 (Adult) #16.50 (Child) ZW
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      138 17 ranc^ PROMOTION (it> Mow 30 No**m Ctaypc* Crabmeat Chicken Soup at 556.00 nett Claypot Tom Yam Seafood Soup at 556.00 natt CHOOSE YOUR CHOICE Thai style claypot red cuny chicken with pneeppte Nonya #sh head curry in ctaypot Penang assam pedas in ctaypot Mongolian claypot lamb with onions Oaypot mix
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      115 17 w J OUR EXTRA RARE STEAK AND RED WINE HAS CHANGED AT LEAST ONE OLD DINING HABIT The Brasserie has reopened and it's staying nTirrißiSSrßir a stir T >CTe t iree menus 10 choose from, open from 6pm to 2am on weekdays (7pm to 1 One for dinner, one for
      115 words
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      28 17 JjL at affordable 1' ne 1 One For Otae kg I Beer Per Mug:sB«^ W fl Beer Per Jug: Bj jS Wine of the Month: $38.w> 1 i
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      Page 17 Advertisements Column 5
      104 17 w Savour cuisine with /^m Sous Chef JhH^ Manfred Grossman at Top of the 'M'4|MaiHlMl Revolving Restaurant. Reservation* :J|^H^HP|B 831-6258/88 Mandarin Sirugiparr 333 Orchard Road, Stngaporr *****7 Tel *****11 Surf the net for only $8* per hour in the relaxing comfort of the Lobby Lounge. And don't forget the complimentary
      104 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      764 17 TV&BADIO 2.30 PM TV Innovations. 5.00 Popular For !UO Captain Bear. r 7.00 Finland |^HAv Wonderland: Finland: A ht r Song Summer (See Our Choke). 8.00 Earthvislons Geographic or Specials 1998: Africa's Paradise of Thorns. j^J^l 9.00 Singapore Common Threads: Going f* j^^H To Movies (See Our <*«BS^^H 9JO Coffee
      764 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      276 17 CKVFTIC CROSSWORD lery, we hear (8) 5 Stoppage resulting from armed 8 The cobbler's there, and not be- U~ 9 Urge factory to serve vegetable '0 f j I I I |"WiTT| f I Swindled by the petshop pro11 Stranded after a horse suffered I 1 j j j 12
      276 words
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      57 18 -4m ■ni>:K«NN*NMIM* Mondays TheßusinessTimes i Gh tutted cd vtotr />o JboJbu&&\ c*>£tk JPU6&LC, J)yu>tia.cl and *«£*t W^ ~t£.< ao coou&ol folci ttj Cot cKt&ticl CoOU0d( Aw. The Ritzx^rlton* MILLENIA SINGAPORE $62 per person. Please call 434 5288 for reservations. 7 Raffles Avenue, Singapore *****9. Tel: 337 8888 Faxs 338 0001.
      57 words
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  • MOTORING
    • Article, Illustration
      Lock icon David amid Goliaths
      547 19  -  ■Fr'it IB wrsOTe'CEO sees the carmaker continuing to outperform market with new products Reports by Christopher Tan [SINGAPORE] PORSCHE AG, whose latest earnings makes it the world's most profitable car company, will continue to outperform the market, according to its top executive. President and chief executive officer
      CHRIS LOH  -  547 words
    • BUMPER to BUMPER
      • Article
        Delphi Automotive zeroes in on R&D
        117 19 DELPHI Automotive Systems (Singapore) is a hotbed of research and development. BT understands the vehicle component and systems supplier has three patents pending. Leading-edge work, according to insiders, includes an electronic module that powers up a liquid crystal display. Adapted from consumer electronics, the
        117 words
      • Article
        Businessman wins golf marathon
        57 19 THE gruelling Jaguar 24 hour golf marathon has ended, T- with a dropout rate of less than 12 per cent. The championship and runner-up titles went to businessman Lim Chong and marketing consultant Lim Chye Hin respectively. They will be going to St Andrews, Scotland, for
        57 words
      • Article, Illustration
        Lock icon Credit companies go for vehicle auctions
        131 19 NO, this is not a gathering of creditors, but a group of eager buyers who showed up at a vehicle auction held recently at a credit company. A 1992 repossessed Toyota Corona "with a nice number plate" drew several car dealers as well as
        photo by Arthur Lee  -  131 words
      • Article
        Get a used Audi from Audi Silver Circle
        81 19 AUDI agency Motor Ultima has launched a new division to market used Audis. Called the Audi Silver Circle, its "pre-driven cars" come with 12-month warranties, and a 24-hour breakdown assistance plan. The cars are r examined and reconditioned by factory-trained technicians; and
        81 words
      • Article
        Cadillac gets magazine's vote
        51 19 CADILLAC'S massaging lumbar seat and Night Vision have been voted "Best of What's New'' by Popular Science magazine. The fact that the seat is now available on other cars and the infrared headlamp technology has yet to be u implemented doesn't seem to bother the jury,
        51 words
      • Article
        Drive to M'sia for trekking adventure
        72 19 DRIVING adventure company Wheels for Kun has lined up three "Malaysia discovery" programmes for the 1 December holidays. First, there is a "simple" 800 km 9t drive over a weekend. Next, a drive that incorporates a trekk ing and camping adventure to an abandoned
        72 words
      • Article
        Revised ERP appears to work
        61 19  -  Compiled by Christopher Tan THE revised electronic road pricing rates have had expected results. Traffic on the Central Expressway 1 (which saw rate increases) dropped 3 percent In the first week, with the reduction coming mainly from commercial vehicles and taxis. Meanwhile, volume in the
        61 words
    • Article, Illustration
      Lock icon Product focus helps double earnings to 277m marks
      372 19 [SINGAPORE] Porsche AG nearly doubled its after-tax earnings to 276.9 million Deutschemarks (*****.8 million) for the year ended July 31, mainly on continued strong demand for its two core products the 911 and the Boxster. Turnover rose 20 per cent to 4.9
      Source: Bloomberg  -  372 words
    • Article
      Asia crisis seen to hit world vehicle sales next year
      338 19 [SINGAPORE] World vehicle sales will shrink by 6-7 per cent next year as the effects of the Asian crisis spread, according to the Economist Intelligence Unit (EIU). With the global turnover figure for cars and commercial vehicles hovering between 49
      338 words
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      Lock icon DaimlerChrysler's separate S'pore units
      250 19 [SINGAPORE] The merger of Daimler and Chrysler may be official but the Singapore units of the German-Ameri-can group will remain separate entities for some time. Chrysler Asia-Pacific will continue to operate under its name at its expansive office in Great World City Tower East; while Daimler-Benz
      ARTHUR LEE  -  250 words
    • Article, Illustration
      Lock icon VW to give Mercedes a run for its money
      478 19  -  ▼dkswagntosMi unveil big limousine in the taagne of tap-aid S-clms By Christopher Tan [SINGAPORE] Volkswagen is positioning itself squarely against Mercedes-Benz, and will soon have a big limousine in the league of the topend S-class, says a board member in charge
      ARTHUR LEE  -  478 words
    • Article
      Inchcape reviewing Rover businesses in Brunei
      320 19  -  Discontinuation looms as weak yen, strong said to hit cars'edge By Christopher Tan [SINGAPORE] Listed Inchcape Motors is reviewing its Rover and Land Rover businesses in Brunei, with the possibility of discontinuation looming. A senior executive told BT. "We're currently reviewing it to see
      320 words
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      61 19 _001 l Come To The Motoring Event Of The Year THE SINGAPORE m®T©R SH©W 1998 Brought to you by The Singapore Motor Traders' Association. Representing Singapore's major motor vehicle distributors. Beat the weekend crowd! Come on down during the weekdays. We're open from 10.30 am 10.00pm every day Sponsor Official
      61 words
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      118 20 "v- muijugy, muvemijer iy, i: Liberate your telecommunications and your mind will follow. Imagine a company that can take you beyond conventional approaches to telecommunications. A company not hound hy traditional ways of thinking. Telstra gives you freedom to discover unexplored opportunities. We dig deep, ask questions and seek ingenious
      118 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      SML to sell 20% stake in North China Ports for $17m
      258 21 SEMBAWANG Marine Logistics (SML), a subsidiary of local infrastructure giant SembCorp Industries, has agreed to sell its entire 20 per cent stake in North China Ports Consortium to PSA China for $17 million. SML chairman Wong Kok Siew, who
      258 words
    • Article, Illustration
      UOB forms fund investment venture in int'l foray
      438 21  -  By Shiv Taneja [SINGAPORE] Already an established player on the local asset management scene, United Overseas Bank is taking the first steps into the international market with the formation of UOB Global Capital (UGC). With offices in New York and Paris, UGC
      438 words
    • Article
      Anti-graft drive may affect S'pore-listed firms in China
      672 21  -  HOCK LOCK SIEW Lee Han Shih INVESTORS here paid little attention in August when China's reformist premier Zhu Rongji started his anti-corruption drive in Guangdong. They should take closer note. Mr Zhu's latest attempt to clean up China's public sector could result
      672 words
    • Article
      Morgan Stanley launches HK stock index Web site
      387 21  -  It provides daily data for calculating index on real-time basis By Siow Li Sen [SINGAPORE] Morgan Stanley Capital International (MSCI) yesterday launched a Web site that provides the underlying daily data for calculating the Hongkong stock index in real time. The Singapore
      387 words
    • Article
      SES adds share buyback clause in listing manual
      335 21 Best practices guide on insider conduct also amended [SINGAPORE] The Stock Exchange of Singapore yesterday announced the introduction of a new clause in its listing manual to facilitate share buybacks. It also announced amendments to its best practices guide regarding insider conduct,
      335 words
    • Article
      ABR Hldgs to raise $24m through rights issue
      326 21  -  By Louis Beckerling [SINGAPORE] Ice-cream parlour operator ABR Holdings plans to raise $24 million from its shareholders to cut its debt and raise working capital. In a statement last night the company said it proposed a renounceable rights issue of 97.55 million
      326 words
    • COMPANIES
      • Article
        Lock icon Toyota H1 profit to fall 36% on poor Japan sales
        484 22 Domestic car sales down for 19 straight months and analysts see no recovery soon Bloomberg [TOKYO] Toyota Motor Corp, Japan's biggest automaker, predicted that first-half profit will drop 36 per cent as falling sales in Japan outweigh benefits from the
        Bloomberg  -  484 words
      • Article
        Lock icon Stricter debt relief rules for Philippine companies
        168 22 AFX-Asia [MANILA] The Securities and Exchange Commission will adopt stricter rules, starting next month, for companies seeking temporary debt relief, according to SEC documents. The new rules are contained in the policy framework for loan payments suspension prepared by the SEC in consultation
        AFX-Asia  -  168 words
      • Article
        Lock icon Hyundai unearths 800b won additional Kia debt
        375 22 AFP Reuters [SEOUL] South Korea's Hyundai Motor Co said yesterday that It had unearthed more than 800 billion won (Ssl billion) of additional debt owed by the failed Kla Motors and its truck-making affiliate. "The newly-found debt surpasses not only 10 per cent
        AFP; Reuters  -  375 words
      • Article
        Lock icon Samsung to invest US$400m overseas
        130 22 AFP [SEOUL] South Korean industrial giant Samsung Group said yesterday it would pour US$4OO million (***** million) into boosting the production of semiconductors and colour picture tubes overseas. Samsung Electronics Co (SEC), a key subsidiary of the conglomerate, will pump US$25O million into its American
        AFP  -  130 words
      • COMPANY Briefs
        • Article
          SIA voted best airline by travel mag
          115 22 [SINGAPORE] Singapore Airlines (SIA) has once again been voted the Best International Route Airline in the annual Conde Nast Traveler's Readers' Choice Awards. This is the tenth time in the award's 11-year history that SIA has been ranked number one. Conde Nast is
          115 words
        • Article
          Lock icon China okays firms for overseas listing
          87 22 AFP [HONGKONG] China's state council has approved a fifth batch of companies for listing in Hongkong and overseas stock markets. The applications were approved after being screened by the Securities Regulatory Commission, the Ming Pao daily s&id citing sources. Earlier reports said 25 companies
          AFP  -  87 words
        • Article
          Lock icon Poor show by Japan trading houses
          96 22 Nikkei [TOKYO] Japan's leading trading houses posted net losses or sharp profit declines in the year ended September due to the sluggish domestic economy and the economic slump in Asia. Sumitomo Corp reported net loss of 58 billion yen (*****.6 million), compared with a
          Nikkei  -  96 words
        • Article
          Lock icon NTT unit buys US software firm stake
          96 22 Bloomberg [TOKYO] A subsidiary of Nippon Telegraph and Telephone Corp, the world's largest telecommunications company, has acquired an equity stake in Softway Systems, a US software company. Softway Systems said NTT Leasing, a financial subsidiary of NTT, bought part of the San Francisco
          Bloomberg  -  96 words
      • Article
        Lock icon Mitsubishi, Mitsui interim fall on lower demand
        239 22 Bloomberg [TOKYO] Japan's two largest trading companies Mitsubishi Corp and Mitsui Co said net income fell in the half year as falling demand in Asia led to a decline in machinery orders. Mitsubishi posted group net income of 20 billion yen (*****.6 million)
        Bloomberg  -  239 words
      • Article
        Lock icon Sino Land to cut gearing to under 20%
        241 22 Reuters [HONGKONG] Sino Land Co Ltd said yesterday it planned to lower the company's gearing to less than 20 per cent in 1999 when contributions from apartment sales at two developments flowed in. The company expected about HK$3 billion (***** million) from
        Reuters  -  241 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel plans to buy more networking companies
        395 23 Chipm&ker keen to invest in firms that have technology to drive PC sales Bloomberg [LAS VEGAS] Intel Corp, the world's top semiconductor maker, plans to buy more computer-networking companies to boost its share of the fast-growing market for equipment that links computers to
        Bloomberg  -  395 words
      • Article
        Lock icon Euro Disney earnings rise 34%
        195 23 Bloomberg [PARIS] Euro Disney, Europe's biggest theme park operator, said fiscal 1998 net income rose 34 per cent as tourists increased spending and stayed longer. Profit rose to 290 million francs (5584.5 million), or 38 centimes a share, for the year ending Sept 30, from
        Bloomberg  -  195 words
      • Article
        Lock icon AT&T targets wholesale market
        287 23 Reuters [NEW YORK] AT&T Corp is gearing up for an aggressive expansion of its relatively minor presence in the US$lO-$l2 billion (5516.3-19.6 billion) wholesale telecommunications services market, a top executive said on Tuesday. AT&T Business Services president Bob Annunziata, speaking at the Warburg Dillon Read telecommunications
        Reuters  -  287 words
      • Article, Illustration
        Lock icon A double take on a Sony cam
        72 23 [LAS VEGAS] Nina Fallon (left) shooting a video of her co-worker Helen Gould with a Sony Mavica digital camera at the Comdex computer trade show on Monday in Las Vegas. The camera, the best-selling digital still camera in the US according to a
        REUTERS  -  72 words
      • Article
        Lock icon Hoyts plans to cut US expansion to reduce debt
        382 23 Cinema operator also aims to ensure better returns Bloomberg [SYDNEY) Hoyts Cinemas Group said it plans to reduce the rate of expansion in the US in order to cut debt and improve returns as credit conditions tighten. The Australia-based worldwide cinema
        Bloomberg  -  382 words
      • Article
        Lock icon AMP may raise A$3b offer for GIO by 20%: report
        287 23 Bloomberg [SYDNEY] AMP Ltd, Australia's largest life insurance company, could increase its As 3 billion (Ss3.l billion) takeover bid for competitor GIO Australia Holdings by 20 per cent, Australian broking firm Ord Minnett said. In a report to clients, the
        Bloomberg  -  287 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Days of soaring stocks are over: fund managers
        396 24 But Montgomery's br&intrnst sees markets up in EU, US, Japan next year Bloomberg [SAN FRANCISCO] The braintrust at Montgomery Asset Management on Tuesday issued its annual outlook on global markets, and some investors might not like what they hear. Although the nine
        Bloomberg  -  396 words
      • Article
        Lock icon US finance firms prepared to disclose credit concentration
        348 24 Bridge News [NEW YORK] US financial firms would support improved disclosure to their regulators of information about concentrations of credit exposures to their customers, a prominent industry lawyer said on Tuesday. His comments indicate that leading banks and securities houses are preparing
        Bridge News  -  348 words
      • Article
        Lock icon Wells Fargo integration to take three years
        177 24 FT [NEW YORK) Wells Fargo, the third largest US bank by market value following this month's merger of Minneso-ta-based Norwest Financial and Wells Fargo of San Francisco, will take three years to complete the integration of its businesses. The Year 2000 computer problem
        FT  -  177 words
      • Article
        Lock icon Millennium bug to cost US banks at least US$3.9b
        521 24 Regulators all over banks to make sore no problem Bloomberg [NEW YORK] US banks plan to spend at least U553.92 billion (556.4 billion) to avert the so-called Year 2000 problem, with many of the biggest spending more than expected to fix
        Bloomberg  -  521 words
      • Article
        Futures aim for new highs after US rate cut
        223 24  -  SI MUX Report MSCI Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index futures broke out of the recent trading range for an assault on the previous highs. The interest rate cut in the US overnight proved to be highly
        223 words
      • Article
        Futures lose steam and fall with shares
        145 24  -  aimna Report MSCI Taiwan fatares Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract lost its momentum to move upwards yesterday and fell 1.5 points in the November 98 contract. The benchmark stock index slipped 31.76 points after certain profit-taking
        145 words
      • Article
        Lock icon Oil at 12-year lows ahead of Opec meet
        248 24 ENERGY REPORT Reuters [LONDON] Opec oil producers yesterday were left cornered by crude prices at 12-year lows just days ahead of a ministerial meeting which appeared unlikely to offer any new solutions to a deepening oil market crisis. Benchmark Brent crude futures
        Reuters  -  248 words
      • Article
        Lock icon CURRENCY REPORT
        275 24 AFXAsia AFP tendon THE dollar rose against most major currencies in afternoon trade following the release of better-than-expected US trade data, but dealers said the gains appear tenuous. The dollar spiked higher following the release of September trade data, which revealed a deficit for goods and services at
        AFX- Asia; AFP  -  275 words
      • Article, Illustration
        Untitled
        1256 24 MTBRBAMK CROSS RATES Vw /g AS C$ Rwt) ECU Ffr Pw HK$ HX H Npiaft tw Ww M IgWih Flu $$K«m Sfr Ittt BaM Po—d USS Australia 0.979 6.1T8 0.538 3.548 1.058 4.900 26.856 46.816 0.767 8.193 2.404 1190 34.328 25.274 1034 3.593 0.870 ***** 22.943 0.371 0.633 Canada 1.022
        1,256 words
    • Article
      COMMODITY PRICES
      1838 25 SICOM PUTunES Nov 18 KUMCI (Mam dMta| m K SJQpi) KS1 CONTRACTS cMts/kg) Clot* Volume Open Monti Htyt Low Sett (tonnes) Interest DK 98 114.25 450 Jan 99 115.00 550 Ftft 99 117.00 H6.00 115.75 750 925 Mar 99 118.75 118.75 117.50 200 1175 Apr/J»n 99 121.75 2700
      1,838 words
    • Article
      WORLD STOCK MARKETS
      2257 25 LONDON Mistrials *e» X Nki 31 Croup 527.000 -10.000 AB Port J 289.400 3.400 Abbey National 1242.000 14.000 Alltel Domecq 502.000 -10.000 Allied Zurich 733.400 7.400 AnvtC 163.400 -0.600 Asda Group 155.000 -1.000 BAT Ind 513.600 -4.400 BC Pic 408.000 3.400 BtCC 62.400 -4.600 BOC Croup 900.000
      2,257 words
    • Article
      Lock icon TOKYO
      1622 25 Bloomberg J3 Nikkei 225 ****** JAPANESE stocks rose to their highest in more than two months on expectations Prime Minister Keizo Obuchi may promise more steps to jump-start the economy when he meets US President Bill Clinton tomorrow. Sony Corp and Fuji Photo Film Co led gainers after a
      Bloomberg  -  1,622 words
    • Article, Illustration
      Lock icon HONGKONG
      1561 26 Reuters yiHangSeng +64.73 STOCKS closed firmer yesterday as investors gave US rate cuts the thumbs up, betting they will pave the way for local banks to lower interest rates later in the week, brokers said. The Hang Seng Index ended 64.73 points, or 0.64 per cent, higher at 10,213.42
      Reuters  -  1,561 words
    • Article, Illustration
      Lock icon CHINA
      641 26 Reuters £j Shenzhen B Index -OJ4 SHENZHEN'S hard currency B shares ended yesterday's session softer as a cut in US interest rates failed to spark hopes of a similar reduction in China, analysts said. The B Share Index reversed morning gains to slump 0.14 of a point to 63.23
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  641 words
    • Article
      Lock icon TAIPEI
      362 26 AFP riWP Index -3L76 TAIWAN share prices closed 0.4 per cent lower yesterday as investors locked in profits on recent gains, dealers said. "Profit-taking emerged after sharp gains for three consecutive sessions, largely by short-term investors and for settlement for November futures contracts," said Jackie Tien, manager of Core
      AFP  -  362 words
    • Article
      Lock icon WELLINGTON
      256 26 AFP n Wellington -1L56 NEW Zealand stocks ignored monetary easing announced by the central Reserve Bank yesterday on top of a US inter-est-rate cut to close down 0.6 per cent. The NZSE-40 Capital Index shed 11.55 points to close at 1,975.95 on turnover of NZ$lOl million.—AFP «m« m rjjj;
      AFP  -  256 words
    • Article, Illustration
      Lock icon BANGKOK
      766 26 AFP Fl SET Index +LOS Smmml THAI shares made marginal gains yesterday, climbing only 0.3 per cent in light trade, despite boosted sentiment from US interest rate cuts, analysts said. They said the index failed to breach resistance at 350 points as investors turned cautious and activity was muted
      AFP  -  766 words
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      Lock icon SEOUL
      417 26 AFP CI Composite Index -OJ> SOUTH Korean share prices ended yesterday 0.2 per cent weaker amid institutional profit-taking, after investors shrugged off an overnight US interest rate cut, dealers said. They said investors reacted in muted fashion to the US interest rate cut. "The rate slash must provide a
      AFP  -  417 words
    • Article
      Lock icon SYDNEY
      595 26 AFP PmOrtotriM -7J SHARES fell 0.3 per cent yesterday in line with Wall Street which closed slightly lower after a widely anticipated interest rate cut from the US Federal Reserve, brokers said. The All Ordinaries Index lost 7.9 points to close at 2,668.7. Turnover totalled 506.9 million shares worth
      AFP  -  595 words
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      Lock icon JAKARTA
      717 26 AFP Composite Index *1176 SHARES yesterday closed 3.8 per cent higher on the back of US interest rate cuts, which gave the rupiah a strong boost, dealers said. The Composite Index closed up 13.76 points at 369.99 and turnover totalled 503.5 million shares valued at 390.42 billion rupiah. The
      AFP  -  717 words
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      Lock icon MANILA
      328 26 AFP QlUniU +4L54 PHILIPPINE share prices rose 2.3 per cent yesterday following the US interest rate cut, analysts said. The Philippine Stock Exchange Composite Index rose 41.54 points to close at 1,820.77 points. Volume rose to 1.89 billion shares worth 3.45 billion pesos. PLDT rose 34 centavos to close
      AFP  -  328 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8884 27 —Willi T Columnar products 1998 Last vol Day Nat Cap High Law Campany Sal* OOO High Law P/I Smil 310 170 Ajmomoto 270 1 6 270 270 14.9 109.4 MS 35 Angkasa 66 -1 75 68 66 97.3 290 123 Apoilo Food Hlg 211 -4 17 212 210 7.3 84
        8,884 words
      • Article, Illustration
        Lock icon Shares ease as players square up positions
        431 27 AFP Q Composite Index -5.78 MALAYSIAN share prices closed 1.2 per cent lower yesterday as investors squared up their positions at the end of the trading settlement period. "Investors chose to take profits rather than hold on to stocks bought during last week's
        AFP  -  431 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2509 28 BONOS, LOANS ft WARRANTS m l-Mt Vol Day Last Quoto Ave High Lew Stno Company Sato ♦•r- (OOO) High Low Buyer Sailor Prka 20.5 3 3160 *Acer ******1USS US II unch 145 12 11 tl 12 95 4.5 3164 Acma W*****4 14.5 »0.5 532 15.5 14 14 14 5 15
        2,509 words
      • Article
        L- Jacob warrant: good numbers
        195 28  -  WARRANT WATCH -By I R Sivanithy ONE of the few in-the-money warrants in the local market is Lindeteves-Jacob-erg's 2002 instrument, which has plenty of time to go before expiry. It was also one of the few counters which fell yesterday in a day when the
        195 words
      • Article
        CLOB INTERNATIONAL
        212 28 HONGKONG STOCKS Cf Cf ,99a Lm* VM Day Last Ouolt Otv Mv VM Nat M C« High Low Stno Company Salt COOP) Hl» L— Owyar S—ac Cw W $H 400 250 5123 COL (2000) HK 400 8.0 2.4 2.0 20.5 7744.7 5124 Cattiay Pac 20c HK_720 265.0 2.1
        212 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6647 29 Transaction tlatf Nov 18 Or Qr M Wt >««• Lest v»i oty LMt9 !Hf w* ot» vm Net cm a»« High Lew 8tWa Com—ny S«H C000> HW> tOf H Cvr P/t %*m Prtce MULTHMttSTlY 142 49 5 mt 1000 AcmaSOc 73 *1 950 76.5
      6,647 words
    • Article
      SESDAQ
      1209 29 Or Of M Wt iwa LMt Vai Day Last Ouata Otv 04v YM Met c*a Av« H*g* Law 8tHa Cimpsny lata COOP) Htgh Law »tyf 8a8ac Cw PtX $m« Prtca MANUFACTURtM 243 30 2049 'ASAutolOc 107 2131 112 106 107 108 1S.0M 7.0 1.4 10.1 122.2 109 82 45
      1,209 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        287 30 Stocks Votame DBS Land 30.131,000 Keppel Land50c 27,321,000 Keppel Bank 26,778,000 Wing Tai 25c 21,139,000 Hotel Prop 13,498,000 SemfcCorpI 25c 10,063,000 SingTel 15c 8,370,000 Vander Horst 8,203,000 Keppel Corp 8,202,000 *TanChonglnt50c 8,055,000 Stocks DBS Land 63,426,370 Keppel Bank 56,179,375 Keppel Land50c 48,890,090 UOB Foreign 42,221,867 OCBC Foreign 39,689,887 City D«v
        287 words
      • Article, Illustration
        Property stocks rally 7% after DBS rate cut
        594 30  -  STOCK MARKET COMMENTARY Fond managers resume baying, fearing nnderperformance; orders also reported from US and European clients By R Sivanithy [SINGAPORE] Falling interest rates continued to drive the local stock market higher yesterday as fund managers resumed their buying not so much
        594 words
      • ON THE GRAPEVINE
        • Article
          A Prudential approach on Singland
          90 30 PRUDENTIAL Portfolio Managers Singapore Ltd has been selling its sizeable chunks of Singapore Land shares whenever demand picks up. Last week it sold more than 370 lots and, at an average of about $3.36 apiece, took in more than $1.24 million. The interesting question is
          90 words
        • Article
          New man at ABN Amro
          70 30 WE have been informed by Lim MengTat that he is soon to take up a new appointment Mr Lim is the Singapore manager of Standard Chartered Bank's investment services business—the biggest third-party distributor of unit trusts in town. We hear that Mr Lim is off
          70 words
        • Article
          TV3 may buy another station
          85 30 MALAYSIA'S first privatised television station, Sistem Televisyen Malaysia Bhd (or better known as TV3), Is understood to be negotiating to buy another private television station, Metrovision, for some 120 million Malaysian ringgit (5551.6 million). Sources told BT that TVS is conducting a due diligence on
          85 words
        • Article
          Shophouse varsity
          73 30 MALAYSIA'S National Economic Recovery Plan, spearheaded by Special Functions Minister Daim Zainuddin, has come up with a novel idea to tackle the rising cost of higher education and the glut of commercial properties. It has proposed the establishment of universities using shophouses as an alternative to "luxurious campus
          73 words
        • Article
          The lady from the HK Treasury
          132 30 A FOREIGN hack (who shall remain unnamed) didn't recognise Hongkong's Treasury Secretary Denlse Yue at a press conference on Tuesday. The press conference, which started without any Introduction of the newsmakers, was to announce the government's decision to merge its Land Fund with the
          132 words
      • Article, Illustration
        HOT STOCK
        62 30  -  -by Shiv Taneja OVERSEAS Union Bank Foreign closed 40 cents higher yesterday at $5.30 on a volume of 6.76 million shares, compared with its 10-day traded average of 3.5 million shares. The counter is trading in overbought territory, according to the daily RSI and Stochastics charts. For the
        62 words
  • Page 21 Advertisements
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      222 21 «WT > 1 1 k PUSHING THE ARTFORM H Wynton Marsatis, the most acclaimed jazz composer of his generation, as well as distinguished classical performer. the Grand Prix du Disque of Vw/ =^sm 'France, Edison Award-Netherlands, Honorary Doctorates, and 1997 Pulitzer l Music: The first ever for j jf\s- Movado,
      222 words
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      204 22 Being a leader in innovative travelling, we are pleased to introduce the ultimate experience of convenience for Business Travellers by credit card payment provide even lower airfares for Business and Economy Class present Chan Brothers Travel High Flyers dub, an exclusive membership that rewards our valued customers with elegant and
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      145 23 Swissair's daily specials to Europe: n II PARIS $1388/ II 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, London, Luxenbourg, Lyon, Madrid, Malta, Manchester, Marseilles, Milan, Nice, Oslo,
      145 words
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      Page 23 Advertisements Column 2
      123 23 fif l^Kl Bl^- IWBr iCT^HB^^E'^B :S &r J» v > .MI HkJ '^^Py- t y A j£ *< .*>* f ffil'i'.' > BlM^^ >Vt r v%- v "V J ■•> 1 rs*r v f i;s t s *<; f'% r 4sS <£*^.fvc'v to perfection jthe spirit of the age. Inside
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      49 24 mwK i (•J* '&b S MERIDIEN J SINGAPORE HOI ELS IN ASIA-PACIFIC: BALI BANGKOK ISI.K OF PINES '98 •JAKARTA KOH SAM LI M F.DAN 99 MELBOURNE NFW DELHI NOUMEA TAHITI 98 PHUKET PORT VILA BORA BORA 98 SAIPAN 99 SINGAPORE SINGAPORE CHANGI IHF. GOLDEN TRIANGLE TOKYO TOKYO II 98
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      8 24 Saturdays Off the cuff by Jaime Ee TheßusinessTimes
      8 words
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      60 26 f calling about f See...l told The card we're the computer you this was a making for Susan I s advertised in i good deal. Yup, we got what Vis going to be J Straits Times Jf, 1 we wanted because real nice! f otr^in C the iCe ***&> -f
      60 words
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      25 28 Buy It. Sell It. Find it. Classified. W CATS. Call Today For Results Tomorrow 1800-737-1166 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes sinoapori
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      59 29 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH ou it. Call 339-7126 now. THE CI TI NEVEK SLE E PS I! I.liii li in .il: I S||t-111 I. II W V s III! H.i iil l< II .1 I |***** II 1.1 S
      59 words
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      399 30 BUSINESS XoticCS To advertise call toll-free ISOO-741 ISS3 THE COMPANIES ACT. CHAPTER 50 Sccthm 2W2Xb) NOTICE OF RESOLUTION WELLS-CTI PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of WellsCTI Pte Ltd held at WELI.S-CTI INC South Bend. IN USA, on the 9th day of November 1998. the
      399 words
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      Page 30 Advertisements Column 2
      199 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PRIBIL INVESTMENTS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the Company will
      199 words
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      Page 30 Advertisements Column 3
      191 30 SPACE STRUCTURES (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308 (2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 35 Selegie Road. #04-07 Park lane Shopping Mall.
      191 words
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      Page 30 Advertisements Column 4
      18 30 wprld-classL. Use creative recruitment Ads to iif SIS 3&s K enhance your corporate image. jgjggi|g|ts I ,:3B,:r"!l;i!; —^—^_1
      18 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      307 31 Bridge News Reuters THER£ was continued speculation on the duration of the current strength in the Asia market with as yet no evidence to support talk that rates could weaken. Atlantic Panamax rates were little changed with a build up of tonnage in the area likely to keep
      Bridge News; Reuters  -  307 words
    • Article
      MARITIME STOCKS
      269 31 Vei CWT Distribution.. 0.455 *0.025 83 Chuan Hup 0.54 *0.02 437 Cosco Investment .0.50 *0.005 5 FreW* Links 0.175 unch 2224 08 Holdings 0.365 *0.01 m Hal Sun Hup 0.425 -0.005 513 Hitachi Zosen 0.635 unch 1031 IMCHeMngs HK 5.60 Jaya Holdings 0.56 *0.025 139 Jurooq Shipyard _6.75
      269 words
    • Article
      Shipowner, master must resolve bug problem
      556 31  -  OVERCOMING THE MILLENNIUM BUG MPA taking steps to ensure non-compliant ships do not affect navigational safety Reports by, Marcus Hand [SINGAPORE] The Maritime Port Authority of Singapore (MPA) will hold shipowners and masters responsible for the Y2K (Year 2000) problem on shipboard computer systems,
      556 words
    • Article, Illustration
      MPA's computer systems 80% compliant for 2000
      348 31 All systems expected to pass the Y2E test by March next year [SINGAPORE] The Maritime Port Authority of Singapore's (MPA) computer systems are 80 per cent Y2K compliant now and all systems are expected to pass the Y2K test by March next year,
      348 words
    • Article
      Size and shape of ships to come
      781 31  -  MEWBUILDS By David Hughes SHIPS should last a long time. Many of the first generation, *****-built VLCCs (very large crude carriers) are still sailing and a significant propor- tion may make it to the International Maritime Organisation (IMO) imposed 30-year limit on single-hull
      781 words
    • Article
      Indian government sells 9m shares in Concor
      324 31  -  From Rajendra Bajpal in New Delhi IN a major offering, the Indian government has sold nine million shares in state-owned Container Corporation of India Ltd (Concor) and netted 2.25 billion rupees (SsBl million). The shares were offered in the domestic market at a
      324 words
    • Article
      Lock icon Port of Long Beach sees 6.3% jump in Asian imports
      537 31 Bloomberg [LONG BEACH, California] Asian imports into the Port of Long Beach rose in October, as shipments to the United States' largest port increased 6.3 per cent compared with the same month last year. At the same time, US exports
      Bloomberg  -  537 words
    • Article, Illustration
      Lock icon Gulf hub sets its sights high
      1049 32 DUBAI PORTS AUTHORITY Last year, it handled 2.6 m TEUs of cargo and saw a rising number of investors in its free zone Lloyd's Register THE Dubai Ports Authority (DPA) was created in 1991 with the merger of two existing terminals, Port Rashid in
      Lloyd's Register; FILE PHOTO  -  1,049 words
    • Article
      SHIPPING SCHEDULES INDEX
      233 32 PACE Dongnama 3 ACL 6 ECL 5 ANl 3 Evergreen 6 Accord 8 Fooft Su 8 Appenship 5 n 1 Austral 8 <*"»rtrans 8 BalajiShpg 4 HaiSunMup 8 BSA 7 Han 9'' 7 B'tang Mas 8 3 CCNI 7 Heung-A 7 CMA 8 Hyundai 7 COSCO 5
      233 words
    • Article
      SHIPPING GUIDE
      17080 39 THEBUSINESSTIMES thebusinesstimes EXPORT ETA A Voyaqt Telephone ETA ETA Advtrtistr VtSStl Voyag. Ttftphont SIN Dtst'n Nam. Nam. Numbtr Numbtr SIN Dtstn Nam* Nam* Number NumMr Ta ARin liUfiB II rvi. i To BRISBANE (BNE) 2058 Australia nm ni/n. 2003 Cote 0 Ivoir* 26/T1 15/12 MSC Aqy MSC MELBOURNE
      17,080 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        752 43 Vessd VoyjNo Berth Arrival Departure Adtyaprakas 11/96 J14 alongside 18.11/1800 032 J15 alongside 1811/2300 7 2 J04 alongside 18.11/0300 9525 J18 4 longs id* 18 .11/1600 Sky UC80 J23 alongside 18.11/1800 ►"»<» I 15/98E J03 alongside 18.11/2300 Bt Hindi Jay *****8 J01 alongside 19.11/0230 W "2498 J01 alongside
        752 words
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        CONTAINER SCHEDULES
        1780 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period Fro<n To From At4Ci4 no 20/1900 M a/1500 18/1659 a/1900 M 18/1500 18/1651 a/WOO t» a/1700 19/0459 19/0900 28 M/1700 19/0*59 19/0900 I 19/0700 a/1159 a/1400 4 19/1200 I9/U59 19/1700 »42 20/1200 IA
        1,780 words
      • Article
        GLOBAL HOLIDAYS
        209 43 Nov 22. Mexico: Revolution Day. Not 23 Japan: Labour Thanksgiving Day. Nor 26 United States: Thanskgiving Day. Not 30 Philippines: Bontacio Day. Deo 8 Austria: Ammuculate Conception Dee 12 Mexico: Virgin of Guadalupe (optional). Doe 23 Japan: Emperor's Birthday New Year Holiday. Dee 24 Finland: Christmas Eve. Dee
        209 words
      • Article
        COCKETT BUNKER MARKET REPORT
        928 43 THIS report, compiled by Cockett Marine Oil Ltd. thowi price ranges In US dollar*instead (/single prices for a more comprehensive description of the market Prices shown are based on average sued stem Market movements are indicated The Cockett Bunker Price Indei change and the Individual changes
        928 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        492 43 Carton 180 Mm 993.2 0.7 17.4 0.10 59 0.05 Ptntltr Water Msldi* As* AHiwIwhim Utrnmt No above £25 1 0 4 0 0 0 MO Ave 987.5 0J 15.2 0.06 30 0.02 U«» 380 Mai 995.2 0.8 19J 0.09 61 0.06 M/W3 %vn »M/M mi Wo
        492 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Airbus wins US$ 1.1b order for A318 planes
        479 44  -  Deliveries of as many as 30 jets to Int'l Lease Finance Corp to begin in 2002 By. Felix Chan [SINGAPORE] Airbus Industrie has received a commitment from International Lease Finance Corp (ILFC) for as many as 30 A3lB jets valued at US$l.l
        479 words
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        Lock icon Taking a revolutionary track
        59 44 [BIRMINGHAM, England] Richard Branson, head of the Virgin Group, poses for pictures alongside a model of the cab of the Advanced Virgin Tilting Train. Mr Branson is unveiling the design production line for the new high speed tilting train for the Virgin West Coast line, with
        REUTERS  -  59 words
      • Article
        Lock icon No plans to shut down Japanese car plants in S-E Asia despite fall in demand
        414 44 AFP [SINGAPORE] Auto sales in key South-east Asian markets could plunge to just 400,000 this year and take up to five years to rebound, but Japanese car makers have no plans to close down plants,
        AFP  -  414 words
      • Article
        Lock icon FedEx pilots meet mediators for second day to try to avert strike
        211 44 UPS to add capacity for shippers who switch to company Bloomberg [WASHINGTON] FDX Corp representatives and pilots met federal mediators in Washington for a second straight day to try to avert a holiday-season strike at Federal Express, the
        Bloomberg  -  211 words
      • Article
        Lock icon One world pilots meet to set safety standards
        225 44 Bridge News [WASHINGTON! The coalition of flight crew unions representing pilots and flight engineers at the 10 airlines of the One World alliance agreed in Madrid to work toward common safety standards. In their first meeting since the August signing of a
        Bridge News  -  225 words
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        Lock icon Airline chief urges US to cancel air pact with UK
        390 44 Bloomberg [WASHINGTON] US Airways Group Inc chairman and chief executive officer Stephen Wolf renewed calls for the US to walk away from its current bilateral aviation treaty with the UK. Mr Wolfs latest calls come as a standoff over airline
        Bloomberg  -  390 words
      • Article
        Lock icon Virgin Atlantic aims for Shanghai route
        138 44 Reuters [LONDON] Virgin Atlantic is hoping to be the first carrier to fly directly from Heathrow Airport to Shanghai and beat rival British Airways to win the route, the Times said yesterday. The paper said only one airline could win regulatory approval for the
        Reuters  -  138 words
      • Article
        Lock icon Deals for helicopters, planes and parts clinched
        294 44 AIRSHOW CHDf A *98 AFP [BEIJING] Participants at China's second international air show in Zhuhai have signed a handful of contracts for helicopters, aircraft and parts, the China Daily reported yesterday. Domestic Chang'an Airlines placed a 100 million yuan (5519.6 million) order for
        AFP  -  294 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1926 44 on HltWT TO MBIT m 0f6 1S40 LH779 2359 AdolaM* BA7381 1930 BA7382 2050 W45W "59 0F81 1930 0F82 2050 $***** "59 AN8229 2230 Fataota S0909 1715 $0990 0130 LH6300 2230 Gtun«7t»«PftC S0803 1915 C2352 0835 $0229 2230 COM 2035 S0004 WC Amsterdam $023 0645 CA972
        1,926 words
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      29 31 Dubai Ports Authority sets its sights high Last year, it handled 2.6 m TEUs of cargo and saw a rising number of investors in its free zone. Page 2
      29 words
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      Page 31 Advertisements Column 2
      84 31 Airbus wins USslJb order for A3lB planes Deliveries of as many as 30 jets to Int'l Lease Finance Corp to begin in 2002. BackPage 1 3 3 < 111,.° m° A XIII I I" TT iTr r i_li if! I_EI 1 Any DestinationJ Any Time. j Sailing schedules to the
      84 words
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      804 32 re— manmA»am<)A i i ovlfmchah sub-continent i [SUPER SHUTTLE EXPREBB QULF KARACHI EXPRESS (QKX) VKStL voTasi lgo yessei vor jea mm iah ind km coi kg sin ZT*™ 28W545 11/11 2/U PtONEDUOYDDUBAI 33T 04/11 M/ 11 M/U 00/11 IJ/11 17/11 TI/U 22/n" ooa CHINA 27W544 11/11 06/12 MTK VIRGO 141
      804 words
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      685 32 f Lines services represented u Members of me Regstryof mW| R^aroers Accredited Shipping Agents vmhmf Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Prtaeess Lily V 0798 Zl/ll 28/11 05/12 Princess Lih VOB9B 25/12 28/12 «3DI ULY MARINE SERVICES SINGAPORE Phoae SU
      685 words
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      1056 33 SAX SERVICE (DIRECT) Ivcsa voy sure |ux oak dai hou |ch an Immlfli Intc AW JAM 007! 25/11 10/12 15/12 15/12 16/12 15/12 16/12 16/1? 17/12 17/12 APIGAKKT 007! 02/12 17/12 22/12 22/12 23/12 22/12 23/12 23/12 24/12 24/12 Aft SUB 0071 09/12 24/12 29/12 29/12 01/12 29/12 01/12 01/12
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      Page 33 Advertisements Column 2
      1945 33 HANjN SHIPPING HANJIN SHINING (S) fll LTD h* com BOOKING 37M73S 237 SAUS 32W224 231 DOCIMKT 32*077) 2/4 OKUTWfi *****41 252 MAIN LINE *****55 fAI *****40 UNO **********0N I TO NW USA A CANADA I USA CANADA* "STvaTvor mm sm imhaul/voy sea I W\ km pox Io« nsp —m I
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      Page 33 Advertisements Column 3
      616 33 F lILLY ON TAIWHISI DPIPICA TIP SIIIV I C 1 > VESSEL W_ _SM4_ PK6 IT SIN HKG Kit DSN PUS WT SIN JKT KMTCKEEWN6 HIS 09/11 10/11 N 11/11 15/11 17/11 20/11 21/11 HOHGKOHG I IO9S I $11 I 17/11 IBETCWSA? MS 10/ff H/lf HTUNOAI SPRINTER JS_ U/H 70/11
      616 words
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      1470 34 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANS ANAPA VtSKI VOV 7T LEH HTM MM HAM IHV FIX VESSEL VOY GIT SPt FOS C MTB HANJIN MALTA WNO47 1111 0412 Hl2 0712 Ml 2 Ml 2 1012 PALERMO SENATOR WMBSO 1111 0012 Ml 2 1112 !12 1112 MEWUftSTAH WOB5O 20 11 1112
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      Page 34 Advertisements Column 2
      1067 34 ■L4IMAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC p. gudang: (07) *****26 IHVy V~J cm NO. iaOM7WOOM SJBU: (064) *****9 MANLA (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHJNG (062) *****1-3 pubai I tyo/yok/osaTukb MV "FAS
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      Page 34 Advertisements Column 3
      655 34 LINE gy Wfa MI34M mi tsiam MUARA j LABUAN vissa vot no eu vtssa voy rre na SPOW MUARA SPOt! UN STUITSNOPI V3lt/« MPT 71/11 STRAITS HOPE V3II/W IMPT JS/11 JMB-32 VIK/W 25/11 M/ 11 CARAKA JNIII-32 VIM/W2S/11 »/11 SIUnS "S?- *?3£! w/n 03/12 SWAITS HOK V3X/9I J9/1I 05/17 CARAKA
      655 words
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      731 35 VESBEL ¥91 SIM SIP PKO PEN PQB DUB 3HJ BA BIK PJL 1320 28/11 06/12 05/12 07/12 09/12 !2f!! 1321 03/12 13/12 12/12 14/12 16/12 IJJvI! ItCTTI. I 09/12 19/12 18/12 20/12 22/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 08/01 IRANVAHDAT PJLI32B 01/01 11/01 10/01 12/01 14/01 POB» Mini
      731 words
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      Page 35 Advertisements Column 2
      1849 35 TO ISRAEL IN 13 DAYS EVERY THURSDAY I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL- 226 1900 FAX: *****08 OUTWARD (l/l)"^^MSaO^ToHOßEOFFK^^™"™^^™^^^ I COSTAR SHIPPING PTE LTD «i7-os ois bidg sales/ikgs *****57/60 inward dipt (d/ 0) *****85 COSTAR AGENCIES (M) SDN BHD Li CONVENTIONAL *****50/55 T/SHPMT DEPT *****25 TEL: ********** FAX.
      1,849 words
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      Page 35 Advertisements Column 3
      648 35 |'dr=-i EASTERN CAR UNER, LTD. E Ea (SINGAPORE) PTE LTD JttJSSZt l SPECIALIZE IN RQRQ C HEAVY UFT WTO 450 TONS I KL (SINGAPORE) PTE ITD LOAD NG FOR BATANGAS/MANILA/KEELUNG PORT KLANG/BONTANG/JAKARTA MV "OCEAN LEO" V.19 MV "GOLD INDUS" V.4 ETA SIN 22/11/98 ETA BTG 27/11/98 ETA SIN 25/11/98 ETA
      648 words
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      1303 36 EUROPEAJK/SCANOINAVIA/FIfONO^USSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DIVINE RW-002 21/11 10/12 IVI2 11/12 13/12 14/12 15/12 E GAINING RE-MS 28/10 26/10 21/10 21/11 E. DIADEM RW-M3 29/11 17/12 22/12 10/12 20/12 21/12 22/12 E RENOWN RE-031 21/10 31/10 30/10 02/11 03/11
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      Page 36 Advertisements Column 2
      1104 36 ADVANCE CONTAINER LINES (PTE) LTD Ar* I 140 Street #12-00, PfL Building, Singapore *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR MO. **********0E OPERATIONS: *****6 a *****05 ■AMOKOK JAKARTA (W«»ly 5 >lg« POT/2 Slg« LCH/1 8I« MIT) (8 SBlHm«/W*) vtssa voy aw mck vasa Ivqy i sw
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      Page 36 Advertisements Column 3
      638 36 veil > NANTAI LINE FUUY CONTAINERISED SERVICE TO ttAWITIUS SOUTH AFRICA vessel vot m rui out m cn ia GOLDBI MASON VOWS ?1/)| 30/11 04/12 py/1? Q|/l? WAWM rwwcKs I to2ss w/ii "iyjT Urn W~~ NAMTAIQUEEK V.031S 09/1? 11/1? 72/1? 2S/12 24/13 M/ 12 NANTAIDtAGO* V.OIOS 11/1? 21/1? Ql/Dl Q4/D)
      638 words
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      Page 37 Advertisements Column 1
      459 37 i BSfl a M MYANMA H FIVE STAR LINE (Myonmar Notional Lift*) Coding for Y a agon (Rongooii) vissa voy sin m km poj PMYA 157 SU> smwi «3w su> MALAYSIA AGENTS: ROUSTEAD SWPPMG AGCMCICS KUL ra (03)*****00 PRL Til (03) 37M101 KM; m (04)2****** PGU: 1U (07) *****21/4 BANK
      459 words
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      Page 37 Advertisements Column 2
      1438 37 HMNO .HYUNDAI MERCHANT MARINE CO., LTD. JQV LBI I BTRR I ANTI HAH IRVj Ftt~| iVBSa VOTISOUI IBl|RlM|aWT|hA«|mvl B I 1 I "J 0 314W 11/11 07/12 12/12 01/11 10/12 EUf 5441 24/10 31/10 2R/10 24/10 If/11 Nonam oiow 20/11 12/1211/1204/12 00/12 hydure 3i« 20/1104/11 31/10 03/11 21/11 HYEMPIROR 31SW
      1,438 words
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      Page 37 Advertisements Column 3
      912 37 ipeoofaed aukxoman Gto)§(o](s Wilhelmsen Lines V|^c TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVKE* I VESSEL IVOY I RAMP HEIGHT S4N LAX CXI I MIA I SAV Ml OtF 1 NTC NEW MOO UIKO F»23 400 Tow 6.3 M 25/11 24/12 03/01 06/01 01/01 T67oT 1770T T275T U7oT li7oT~ TOURCOMG
      912 words
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      Page 38 Advertisements Column 1
      822 38 BANGKOK/ MAP TA PHUTIUHM CHAMAMO] JAKARTA/PAN J ANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY S4N JKT PJN BANI BHUM 124N In Pt 22/11 21/11 GURU BHUM 104 SB ~lnPt 22/11 MATHU BHUM 390N 21/11 2S/11 DEJA BHUM 774S 21/11 28/11 YANTRA BHUM** 287N 22/11 2S/11 2fl/11 ANRO JAYAKARTA'
      822 words
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      Page 38 Advertisements Column 2
      559 38 INDONESIA NATIONAL LINE TO EUROPE H EXPRESS BEMI-CO»<TAiNERIBED SERVICE Vtt vor T S'POtl I «'MI»/»-Dm|M lU»6 Imumm mmm Avisstt 1,-"/ 1 I w/n »/ii own >s/oi TO AUSTRALIA FULL CONTAINER SERVICE a WTIfM awi f« I■« I STP IMB I HtA I AM wsuqai i« ivn ii/it »/n >i/n w/n
      559 words
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      Page 38 Advertisements Column 3
      945 38 I VESSELS VOY SIN PKL MLA LEH RTM HAM WTT VN-LE DE SHANGHAI H2BMV 24/11 »11 07/12 14/12 IVI2 16/12 ~—wi2 I*l2 V*_L£ DCXVON Y2BW 01/12 02/12 14/12 21/12 22/12 23/12 2V12 26/12 VH.ED6ME4OSA V2BW 06/12 21/12 28M2 29/12 3tyi 2 —oiW ffijoi Vl-LED6 TANYA T29W IVI2 16/12 28/12 04AM
      945 words
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      Page 38 Advertisements Column 4
      19 38 CONVENTIONAL/BREAKBULK SERVICE LOAOINO FOR CALCUTTA M.11.M LOADING FOB BAMOKOK/ftOMSAI M.11.M INDOGULF FREIGHT SERVICES DEL: *****14 FAX: *****26 TLX: R*****4
      19 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      150 42 S N mmmmmm FREE Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: Q ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      150 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      131 43 o (0' M v w LEGEND: R Thunderstorm Temperature c A V Shower Weather Wind direction with speed m knots Rom Cloudy Sky Wove height Surface winds are indicated by arrows which Hy with the wind One fu« circle represents calm or hght and variable winds J__ On. half Heche
      131 words
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