The Business Times, 20 November 1998

Microfilm: NL21356
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 MITA(P) 110/12/97 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, NOVEMBER 20, 1998
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  • Article
    MARKET SUMMARY
    50 1 DullS (+44.85) mot-ski U Visa (+22.40) PISUSCI rvnwES U VMS (+6.74) UJUBXETMOOOc WBSBSSSwSSf NIKKEI MJM.4I_-I44.77 HANOSKNO IUOJI +*M SET INDEX _JBil_*ll4S JAKARTA COMP_J7l.il *11 MANILA COUP —U81M1 -L7« TAIPEI WTI 7JM34 +MMO SBOULCOMP 441JC +I7H CLSA CHINA B +tM AUSTALLORD _4«U +UJ tSuooa EST Ckmft DOW MH7t +M1
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    FINANCE
    71 1 F01EX BATES USt 81 UBS LSI S(USt/8SperS) IJtt 17M DM LITS IS7I YEN IMS 1X3' RM SMI let m 7.741 _Ult BAHT SIM IMC «JP1AH_ 7,4* MB* •mmmmni ROB BATES SINGAPORE* til KUALA LUMPUR 11JI JAKARTA SMI BANGKOK™ 14.76 MANILA 8J0 BONG HONG IMS TAIPEI »M SYDNEY 8.4ft TOKYO
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  • Article
    Developers act to halt slide in property prices
    851 1  -  To persuade buyers to commit, they push line that prices have bottomed oat By Lilian Ang [SINGAPORE] Msuor property developers have been holding high-level discussions in the last few weeks to try and consolidate private housing prices, riding on the momentum of
    851 words
  • Article, Illustration
    Lock icon Funds chase STI to 6-month high
    315 1  -  Sate cuts, optimism over property fuel 3i>% surge in stocks By Ven Sreenivasan [SINGAPORE] The Singapore stockmarket soared to a sixmonth high yesterday on the back of strong buying by institutional investors. The benchmark Straits Times Index ended the day 44.85 points or 3.5
    Source: Bloomberg  -  315 words
  • Article
    Intraco's Teledata barred from govt contracts
    525 1  -  Two-year ban comes after phone licence tender mix-np Conrad Raj [SINGAPORE] Listed Intraco subsidiary Teledata (Singapore) Ltd which was at the centre of an embarrassing mix-up over a mobile phone licence tender has been banned from all government contracts for the next two years.
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  • Article
    Morgan Stanley is first fund manager to get tax holiday
    611 1  -  Incentive is part of govt scheme for firms managing over $5b Byy Catherine Ong [SINGAPORE] Morgan Stanley Dean Witter has become the first fund manager in Singapore to be exempted from paying any tax on its non-res-ident asset management business
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      105 1 x The yen sliced through 120 yesterday in anticipation of a possible consumption tax cut, I*6 CDL tajs Hstel *w City Developments has bought the Hotel Equatorial site from joint owners Nat Steel and Lim Kah Ngam for tS7.7m, I*l3 A continuing fall in interest rates seems likdy and will
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      25 1 OCBC cuts interest rates by 50 basis points, Pg 2 No let-up in property rally as stocks surge 8%, Pg 19 Market reports, Pg 24-28
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      294 1 Mid-range oondoa forced to cut prices, Pg 2 Half the properties at an auction sold, Pg2 Equitable cost-cutting Is the burden of cost-cutting being shared equitably? Yes, says the National Trades Union Congress in an editorial in the Nov 20 issue of NTUC News. See Pg 3 These two exquisite
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      64 1 Flower power [JAKARTA] An Indonesian soldier holding on to a stalk offlowers given to him by a student as a token of peace at a Jakarta university yesterday. Demonstrations continued in Indonesia yesterday as President B J Habibie, speaking after a week of violent protests in the capital, told Indonesians
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Further fall in interest rates likely, offsetting CPF cuts: Dr Hu
      298 2  -  That will help property market; 1999 outlook not as gloomy as thought Zfyi Clarissa Tan A CONTINUING fall in interest rates "seems likely" and will largely mitigate impending cuts in Central Provident Fund (CPF) contributions, as well as give
      ARTHUR LEE  -  298 words
    • Article
      OCBC too cuts rates by 50 basis points
      394 2  -  It's also willing to extend loan tenure beyond 65 by np to 10 years %i Siow Li Sen OCBC Bank has cut its lending rates by 50 basis points and is prepared to stretch the tenure of a housing loan beyond the
      394 words
    • Article, Illustration
      Lock icon Cars, clothes lead 17% retail drop
      376 2  -  EYE ON THE ECONOMY Commerce By: Rahita Elias SEPTEMBER was another bad month for retailers in Singapore, particularly those dealing in motor vehicles and apparel. Overall, total sales skidded nearly 17 per cent year-on-year to $1.61 billion in value. In volume terms, sales were
      Source: Dept of Statistics  -  376 words
    • Article
      Half the properties at Knight frank auction sold
      294 2  -  Big improvement over 10-15% sales rate of past 8 months By. Ang Wan May HALF of the properties put up for sale in a Knight Frank auction were snapped up yesterday, providing a further hint that sentiment in the property market may
      294 words
    • Article
      Stagnant sales force mid-range condos to cut prices
      475 2  -  By Ang Wan May MID-range condominiums costing more than $750,000 each are still suffering from stagnant sales despite some new-found buying interest from upgraders. Even projects such as Aquarius by the Park, The Tropica in Bedok and most of the freehold projects
      475 words
    • Article
      Home loans picking up: banks
      359 2  -  Applications surge, with UOB reporting a 20-30% increase By I Clarissa Tan INTEREST in home loans is on the rise, according to local banks, with United Overseas Bank reporting a 20-30 per cent surge in the number of loan applications over the past few weeks.
      359 words
    • Article
      NTUC announces $23m aid package for workers
      569 3 Measures by labour cooperatives will help cushion impact of CPF, wage cuts THE labour movement yesterday announced measures worth $23 million to cushion the impact of CPF and wage cuts on workers, especially those with low incomes. NTUC Fair Price is setting the
      569 words
    • Article
      OCBC sacks two senior execs over Mid-Con IPO
      423 3  -  Corporate finance head, manager fired after internal probe By I Siow Li Sen OCBC Bank has dismissed its head of corporate finance Mak Lye Mun and manager Vicky Phay over the MidContinent affair, which had drawn a censure from the Stock Exchange
      423 words
    • Article
      Equitable cost cutting
      630 3 The following is the editorial in the Nov 20 issue of 'NTUC News' IS THE burden of cost cutting being shared equitably? Workers have raised this question, so too union leaders and journalists at various briefings. On the face of it, it doesn't seem so. The Committee
      630 words
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      118 2 Cashmere in leather. i Of how to advertise your Christmas bonus. 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 of $1000 or more at the Seeger boutiques in Singapore from now until 25
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Taiwan's overseas investments doubled in October
      233 4 AFP Bloomberg [TAIPEI] Taiwan's overseas investments in October more than doubled year-on-year to U*****.27 million (*****.1 million), the Investment Commission said yesterday. Of the amount, up 102.06 per cent over the same month of last year, 43.12 per cent went to Central American islands
      AFP; Bloomberg  -  233 words
    • Article
      Lock icon Bangkok to keep an eye on foreign debt of companies
      425 4 No specific borrowing ceiling, but banks to be told to 'be more strict' Bloomberg Reuters [BANGKOK] Thailand said it plans to limit foreign debt of companies which don't have revenue in foreign currency, to help prevent a repeat of the
      Bloomberg; Reuters  -  425 words
    • Article
      Lock icon Thai trade surplus strong despite export slump
      217 4 AFP [BANGKOK] Thailand posted another healthy trade surplus in October despite a worrying 15.8 per cent slump in exports and a turnaround in import growth, customs officials said yesterday. Officials said Thailand's trade surplus in the first 10 months of the year totalled
      AFP  -  217 words
    • Article, Illustration
      Lock icon HK banks tipped to trim prime today
      540 4 Hang Seng hits highest level in six months as markets expect 0.25 point cut AFP [HONGKONG] Hongkong's banks are expected to follow the US lead and trim their prime lending rates today by a quarter of a point in a move to ease
      AFP  -  540 words
    • Article, Illustration
      Lock icon Rupiah has weathered Indon unrest: minister
      455 5 But country needs to resolve internal woes for retnrn of global confidence AFP [JAKARTA] Indonesia's currency has escaped unscathed so far from fresh unrest, but a resolution of internal political problems is key to a recovery of international confidence in the economy, a top
      AFP  -  455 words
    • Article, Illustration
      Lock icon Yen bursts through 120 on possible consumption tax cut
      580 5  -  Traders say news sparked fierce rise against the mark on stop-loss selling By\ Larry Wee [SINGAPORE) THE Japanese yen exploded in late Asian trading yesterday on news that the much-reviled 5 per cent Japanese consumption tax will be reviewed as part
      Source: Bridge  -  580 words
    • Article
      Lock icon Manila lowers '98 growth target after IMF review
      141 5 AFP [MANILA] The Philippines is reducing its economic growth target this year after talks with the International Monetary Fund (IMF), official sources said yesterday. Manila is now aiming for gross national product growth of between 0.5 and one per cent due to
      AFP  -  141 words
    • Article
      Lock icon Indon govt to consider social issues in asset disposal
      362 5 Ibra may not maximise money raised from sales Reuters [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) will consider social issues like employment and wealth distribution as well as value maximisation when disposing assets under its control, Ibra head Glenn Yusuf said
      Reuters  -  362 words
    • Article
      Lock icon KL sets up RM75Om fund to help small industries
      253 5 Bernama [KUALA LUMPUR] The Malaysian government has set up a 750 million Malaysian ringgit (*****.8 million) fund to help small and medium scale industries (SMI) alleviate the problem of non-per-forming loans. Second Finance Minister Mustapa Mohamed announced yesterday. Mr Mustapa said
      Bernama  -  253 words
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      125 4 Hk: When we started working on the new Omega, we locked our engineers and accountants in a sound-proof room and threw away the key. The result? An all-new 2-litre German-engineered marque you can lay your hands on with all the qualities you'd expect, at a price you'd hardly believe possible.
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      101 5 Cathay Pacific BDHDHHDBHDDI From 1 December, we'll be heading daily non-srop for San Francisco from Hong Kong where you can enjoy our Super Hub at the BnM|CI9SE^SfMf -^-yV: X7 6 SIN MKG 1755/2135 JjEMr —iOi 2325/0625 V —1 CW Kong International Airport. And with Personal TVs in every seat showing
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Power without responsibility
      915 6  -  AFHC SUMMIT Time to turn spotlight on hedge funds, rating agencies and analysts By Anthony Rowley A PEC veered off in an interesting new direction in Kuala Lumpur this week as the agenda shifted from a US-led drive to achieve free trade and investment and liberal capital
      915 words
    • Article
      Lock icon Taiwan's Asian bond idea gaining support, say economists
      477 6 m KUALA LUMPUR Reuters AN innovative Taiwanese plan to raise funds for debtstricken Asian countries failed to gain support at the Asia-Pacific Economic Cooperation (Apec) summit but is likely to be resurrected in a different form, economists say. Taiwan proposed to the
      Reuters  -  477 words
    • Article
      Lock icon Estrada unhappy about meeting with Anwar's wife: report
      260 6 MANILA AFP PHILIPPINE President Joseph Estrada scolded members of his delegation for arranging an unscheduled meeting between him and the the wife of former Malaysian deputy premier Anwar Ibrahim, a report said yesterday. The Philippine Star quoted a member of the delegation
      AFP  -  260 words
    • Article
      Lock icon US hails Cambodia's coalition deal
      221 6 PHNOM PENH AFP THE US yesterday welcomed Cambodia's coalition government deal between Prince Norodom Ranariddh and Hun Sen, hailing it as a "promising start" for political reconciliation. A statement from the US embassy here also hailed the intervention of King Norodom Sihanouk, especially for his
      AFP  -  221 words
    • Article
      Lock icon Razaleigh may vie for a top Umno post if there's support
      402 6 KOTA BAHARU No thought about contesting, it's up to the party, he says Bernama TENGKU Razaleigh Hamzah yesterday said he is prepared to consider contesting a top party post in the coming election if there is support from Umno
      Bernama  -  402 words
    • Article, Illustration
      Lock icon Break-in at Anwar lawyer's office, safe forced open
      277 6 KUALA LUMPUR AFP ONE of the lawyers defending Malaysia's ousted deputy premier Anwar Ibrahim said yesterday his office had been broken into overnight with safe containing confidential trial documents forced open. "The safe was wrenched open. I do not know what is
      AFP  -  277 words
    • Article, Illustration
      Lock icon 3,000 students in Jakarta march against Suharto
      526 7 JAKARTA Several other demonstrations call for ex-leader's trial AFP SOME 3,000 students marched through Jakarta yesterday in the second attempt this week to protest outside the residence of fallen Indonesian president Suharto. But the march was stopped by the military one kilometre from
      AFP  -  526 words
    • Article
      Lock icon New Myanmar banknotes may spur inflation
      294 7 ■YANGON AFP MYANMAR is to issue 1,000kyat banknotes next week in a move which some observers here warn may spur already mounting inflation in the mil-itary-run state. The new notes, which will be the highest denomination in circulation, come amid warnings from analysts and
      AFP  -  294 words
    • Article
      Lock icon Law Lords bar KPMG from Brunei probe
      247 7 LONDON AFP PRINCE Jefri, the brother of the Sultan of Brunei, has won his battle against accountants KPMG to prevent them from investigating financial troubles in the sultanate, KPMG said yesterday. Britain's highest court, the Law Lords, granted an injunction preventing KPMG from
      AFP  -  247 words
    • Article
      Lock icon Indon small farmers to get loans, not fertiliser aid
      176 7 JAKARTA AFP INDONESIA win replace fertiliser subsidies with loans to small farmers in April next year to try to eliminate massive corruption which benefited large plantation owners. Agriculture Minister Soleh Solahuddin said the subsidies, whiclr bring the price of urea down
      AFP  -  176 words
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      483 6 KLM Royal Dutch Airlines and KLM uk within Asia! To take part in this promotion, complete and speed you to the UK. From Asia Pacific, return the form below by fax today. For reservations or we offer fast connections to over 20 UK more details, call your travel agent or
      483 words
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      9 6 Saturdays Personal Flnanee A Investment by Shir Taueja TheßisinessTimes
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      59 6 I \MI I'll!* l llimsiti' IVr«»oiial Vri'i'ooon ii.u I•i\ < 11 on- |<. 11» >>l 11. i i lit" > |'i. nil- I. ill v. 111 1.11 i 11. i .nil l.i 1.. >•i < i i h 11. .ii i-• I Ili 11 1. .i ii 11 .i u
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      20 7 Parfum pour Elle et Lui Q Lj I I <S&&kmofiL I PARIS •s Prctnicriiig now exrlusively ut I TANGS a
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      215 7 FESTIVE SET MENUS WITH THE INNOVATIVE XIN TOUCH UPHK* THo Vegetable Mousse FROM 15 NOV 'Xin' means new. 'Xin' means innovation. Gmost froii 4 sumptions yet Add a special touch to your festive celebrations offorooble Menvs. with Xin's innovative Festive Set Menus a g COURSE harmonious blend of Chinese, Continental
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon China can't rule out negative export growth: official
      331 8 BEIJING Asian crisis still spreading, says Vice-Foreign Trade Minister Reuters CHINA'S exports could fall this year as the Asian financial crisis cuts deeper into its Overseas sales, a senior trade Official and an economist said ■yesterday. "We will exhaust all efforts to
      Reuters  -  331 words
    • Article, Illustration
      Lock icon The ink-crowd
      31 8 [TAIPEI] A visitor passing an ink painting by local artist Wang Chih-yang on display at the Taipei International Art Fair yesterday. The annual display runs till next Wednesday. REUTERS
      REUTERS  -  31 words
    • Article
      Lock icon Canada PM in China to discuss trade, development
      151 8 BEIJING Reuters CANADIAN Prime Minister Jean Chretien began a threeday visit to China yesterday to discuss trade and survey development programmes. Mr Chretien arrived for his China visit, his third in four years, after attending the Asia-Pacific Economic Cooperation (Apec) summit in
      Reuters  -  151 words
    • Article
      Lock icon US trade deficit with China at US$5.9b, just off August high
      338 8 WASHINGTON US aircraft exports offset flood of cheap imports Bloomberg THE US merchandise trade deficit with China was little changed in September as a flurry of aircraft exports offset the tide of cheap imports. The deficit slipped to U555,903
      Bloomberg  -  338 words
    • Article
      Lock icon China sets up insurance watchdog: report
      241 8 BEIJING AFP CHINA has set up a semi-au-tonomous insurance regulatory body in an ongoing effort to tighten regulation over its financial sector, the official China Daily reported yesterday. Vice-Premier Wen Jianbao announced the establishment of the China Insurance Regulatory Commission (CIRC) on Wednesday to
      AFP  -  241 words
    • Article, Illustration
      Lock icon S Korea in crisis due to lack of democracy: Kim
      424 9 HONGKONG He cites corruption as reason why firms conld not cope with open economy AFP SOUTH Korean President Kim Dae Jung yesterday blamed the failure to develop democracy alongside a free market economy for his nation's financial crisis and vowed
      AFP; REUTERS  -  424 words
    • Article
      Lock icon Jiang's visits seen dominated by Russia's future, Japan's past
      320 9 BEIJING AFP CHINESE President Jiang Zemin jets off to Russia and Japan on Sunday, on a nine-day state visit that is sure to be dominated by Moscow's future and Tokyo's past. In Moscow, Mr Jiang win meet ailing President Boris Yeltsin
      AFP  -  320 words
    • Article
      Lock icon Smoking may kill a third of China's men: study
      208 9 BEIJING Reuters ONE-THIRD of all men in China will die from tobaccorelated illnesses if current smoking patterns persist, according to findings released yesterday from the world's largest study into tobacco deaths. "China is undergoing a catastrophic epidemic of smoking deaths," medical
      Reuters  -  208 words
    • Article
      Lock icon Sino-US WTO entry talks could see breakthrough soon
      163 9 BEIJING Bridge News THERE is hope that bUateral Sino-US negotiations regarding China's application to enter the World Trade Organisation will see a breakthrough before the end of the year, the official China Daily reported yesterday, quoting Foreign Minister Tang Jiaxuan. Mr Tang,
      Bridge News  -  163 words
    • Article
      Lock icon China to return to tight fiscal policies in medium, long term
      288 9 BEIJING Present policies aimed at solving Asia crisis woes: minister Bridge News CHINESE Vice Finance Minister Gao Qiang said on Wednesday that in the medium to long-term the Chinese government will revert to appropriately tight fiscal and monetary policies,
      Bridge News  -  288 words
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      104 words
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      67 8 vi 6. *i*\ i < i I In' l IYr»nn;il \i M w 111 \lll i• Hl— 1.1 11 el i^t, 111< MI illiii 11 I'l l'-I 111 \III I I 111 I-I 111 I 111 l 111 lili i .1 Uill 11 I Mil s I I *111 Mil
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  • ASIA
    • Article
      Lock icon LDP springs a surprise coalition plan with rivals
      423 10 TOKYO Tie-up with Liberals will make it possible for govt to pass key economic plans Reuters JAPAN'S ruling Liberal Democratic Party (LDP) yesterday announced plans to form a surprise coalition with one of its most bitter foes to help it pass urgently
      Reuters  -  423 words
    • Article
      Lock icon Japanese minister to quit over scandal
      154 10 TOKYO AFP JAPAN'S Defence Minister Fukushiro Nukaga yesterday told a press conference here that he would resign over a military procurement scandal involving the electronics giant NEC Corp. Japan's Upper House of Parliament last month passed an unprecedented censure motion against him over the
      AFP  -  154 words
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      Lock icon Japan on right track but needs to open markets more, says Clinton
      563 10 TOKYO He shows concern at 500% jump in Japan steel exports to US Reuters AFP PRESIDENT Bill Clinton yesterday said Japan was moving in the right direction on shoring up its ailing banking system and stimulating its economy
      Reuters; AFP  -  563 words
    • Article
      Lock icon Bangladesh growth put at 3% alter floods
      358 10 DHAKA Reuters BANGLADESH'S economy, crippled by recent devastating floods, may grow just 3 per cent in fiscal 1998/99 (Ju-ly-June) compared to 5.6 per cent last year, the World Bank said in a report. "Because of the high intensity and long duration of 1998
      Reuters  -  358 words
    • Article
      Lock icon Korea bad debt won't top 150t won, official vows
      472 11 SEOUL Seoul renews crusade to restructure top five chaebol AFP SOUTH Korea yesterday stepped up the battle to reform its debt laden top five conglomerates, ordering them to clean up their acts to to help draw investment and revive the country's
      AFP  -  472 words
    • Article
      Lock icon Clinton visit: clash looms over N Korea
      361 11 SEOUL Steel exports expected to be another hot issue AFP A POTENTIAL clash between US President Bill Clinton and South Korea's Kim Dae Jung over North Korea and steel exports loomed yesterday, a day ahead of the US leader's arrival here, officials said.
      AFP  -  361 words
    • Article
      Lock icon Aussie trade gap widens as Q3 merchandise imports soar
      319 11 SYDNEY Bloomberg AUSTRALIA'S merchandise imports rose in the third quarter, buoyed by robust demand for everything from clothes and shoes to gas and industrial equipment, while a small drop in exports led to a four fold increase in the trade deficit.
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon One Nation may be reduced to zero
      308 11 CANBERRA National says only senator ineligible as she had UK passport Reuters PAULINE Hanson's One Nation party, decimated at Australia's recent election, now faces the prospect of losing its only national parliamentarian because she held British citizenship at the time of the poll.
      Reuters; AFP FILE PHOTO  -  308 words
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      109 11 HERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. T ..iA^Hp vaK"' i i ——mmmmmm, Ifal^^. gm w>n ii i i hbbh^)- < t ""~f^> 7 The Flyback Chronograph Ref. No: 2185F-1130-71 The screw-in crown, push-buttons and caseback guarantee the Flyback chronograph's water-resistant to 100 meters.
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  • THE WORLD
    • Article
      Lock icon Partisan start to Clinton impeachment hearings
      403 12 WASHINGTON Argument over time for cross-examining Starr who claims abase of authority in Lewinsky probe Reuters INDEPENDENT counsel Kenneth Starr presented his case of abuse of authority by President Bill Clinton directly to the American public yesterday, but immediately stepped into a partisan impeachment
      Reuters  -  403 words
    • Article
      Lock icon Schroeder's jobs strategy under attack
      152 12 BONN Reuters CHANCELLOR Gerhard Schroeder's new government faced a wave of criticism yesterday over its plans to tackle unemployment, spurred on by a damning report on its performance by top German economic policy experts. Media commentators and analysts seized on an indictment of his record
      Reuters  -  152 words
    • Article
      Lock icon Checks reveal bad flaws in big firm solutions to Y2K bug
      463 12 LONDON Pratt Whitney, Ford among the affected companies FT CHECKS by some of the biggest corporations in the US and Europe have revealed serious flaws in work already undertaken to tackle the millennium computer bug. Unisys, the US computer
      FT  -  463 words
    • Article
      Lock icon UK to fight offshore tax evasion
      311 12 LONDON Island authorities to help combat alleged money laundering AFP BRITISH Home Secretary Jack Straw yesterday laid out a plan to crack tax-dodging and money-laundering in the multi-billion-dollar offshore tax havens of the Channel Islands and the Isle of Man. Mr Straw said at
      AFP  -  311 words
    • Article, Illustration
      Lock icon Latin American domino will not fall, says IMF chief
      266 12 PANAMA CITY Brazil aid ready, financial system stronger now Bridge News THE recent US$42 billion (Ss6B billion) aid package to Brazil needs to be coupled with a solid commitment from the national, Latin American and international banking sectors, IMF director Michel
      Bridge News; REUTERS  -  266 words
    • Article
      Lock icon Brazil to draw up to US$15b from IMF soon
      280 12 RIO DE JANEIRO Bloomberg BRAZIL intends to draw up to US$l5 billion (5524.5 billion) "very soon" from a credit line sponsored by Western governments to shore up hardcurrency reserves, paving the way for an international bond sale as early as next
      Bloomberg  -  280 words
    • Article
      Lock icon Microsoft says IBM colluded with five software firms
      289 12 THE MICROSOFT CASE Bloomberg [WASHINGTON] Microsoft Corp accused IBM Corp of colluding with five competitors to "preempt Microsoft", countering charges Microsoft subverted the Java programming language to stifle competition. Microsoft argued at its antitrust trial that IBM tried to illegally divide software
      Bloomberg  -  289 words
    • Article
      Lock icon Setback in Sun suit seen turning heat on Microsoft
      184 12 SAN FRANCISCO FT MICROSOFT, the world's largest software company, came under mounting competitive and legal pressure on Wednesday following the serious setback in its dispute with rival Sun Microsystems. US government lawyers said the preliminary ruling against Microsoft on Tuesday night
      FT  -  184 words
    • Article
      Lock icon Buba leaves rates unchanged, cuts left to ECB next year
      431 13 FRANKFURT Moderate 5.3% growth in M 3 money supply supports the bank's inaction Bloomberg THE Bundesbank left interest rates unchanged at yesterday's meeting, leaving it to the European Central Bank (ECB) to react to signs of slowing growth in countries
      Bloomberg  -  431 words
    • Article
      Lock icon New US jobless claims hit 4-month high
      325 13 WASHINGTON Bloomberg US jobless claims posted a bigger-than-expected gain last week to the highest level in four months, a sign layoffs are starting to mount. First-time jobless claims rose by 9,000 to a seasonally adjusted 332,000 in the week ended Nov 14 the
      Bloomberg  -  325 words
    • Article, Illustration
      Lock icon Rouble slide seen if Moscow keeps printing money
      369 13 MOSCOW has slid to 17.2 to US$ from 15 two weeks ago AFP RUSSIAN Prime Minister Yevgeny Primakov yesterday said that the rouble would become almost worthless if his government tried to print its way out of its chronic cash crisis, Russian
      AFP  -  369 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      612 12 r\i<i^ I lie l IVrsonal Vcitmoh iii w luxurious pair nl |M < nunv». IV.—,H MMir I»ii~iii« rani in n rn\r a l:iIi Im>iii I. I h11•• > mI Ir am <•-. I \rlll»|\t-|\ .11 tang's \ui i min i. ''.'I I Available with I colour panels, mirror panels, stainless
      612 words
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  • Page 13 Advertisements
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      5 13 Strait Talk TheßcsingssTimes Shipping Times
      5 words
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      Page 13 Advertisements Column 2
      127 13 REAL JAPANESE FOOD Prepared By Top Japanese Chef -fc--Kurina's 2 nd anniversary special offer (21 Nov 98-30 Nov 98) This Tempura Special is Free (worth 35 when you order any of the Dinner Special ranging from $35 to $60 and present this advertisement cs> Kurina Japanese teiti»r«nt Kurina Japanese Restaurant
      127 words
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      Page 14 Advertisements Column 1
      4304 14 f HL BANK (A limited liability company incorporated in Malaysia) 0) Investment in subsidiary compmiet (a) Movements nme norvpertomwig bans and tnarcng are as taftws A subsnkary company a company m which the Bank controls the composition ol its board ol erectors or more than halt ot its voting power,
      4,304 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      3436 15 HL BANK (A limited liability company incorporated in Malaysia) 17. SHARE CAPITAL 27. DEFERRED TAXATION The Group The Bank Tht Group The Bank The Group The Bank 19* 1997 1998 1997 1997 '998 1997 1991 1997 19»( 1997 RM 00 RWOOO RM 000 RWOO RM 000 HM'UOO RM 000 RM'OOO
      3,436 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Why can India design rockets but not cars?
      740 16  -  THB BOTTOM LDVB OPINION By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT FOR six months, the economic sanctions imposed on India by the United States had no visible effect The American hawks must
      740 words
    • Article
      IN OTHER WORDS
      146 16 We are trying to send a very clear message to the government that they can't illegally detain anyone and think they can get away with it' Elizabeth Wong a plaintiff in the 75 million ringgit (5532.2 million) lawsuit which 36 Malaysian human rights activists, journalists and lawyers
      146 words
    • Article
      An unmemorable Apec summit
      593 16 EDITORIAL THE Kuala Lumpur summit of the leaders of the Asia-Pacific Economic Cooperation (Apec) group will probably be remembered, if at all, for US Vice-Presi-dent A 1 Gore's undiplomatic sermon on democracy to his Malaysian hosts. In terms of economic cooperation or any other matter of
      593 words
    • Article, Illustration
      Lock icon Don't write off Japan's bid to jump-start economy
      1291 16  -  Mammoth spending par Ira go jg lihftly to produce growth of at least 1% in real GDP By. Anthony Rowley The writer is BT's Tokyo correspondent THE usual chorus of unthinking criticism greeted Japan's 24 trillion yen (Ss32o billion) economic reconstruction package
      FILE PHOTO  -  1,291 words
    • Article
      Does Gore want to incite a M'sian riot?
      277 16  -  MAn.nftT M Chen, Kota Kinabalu AL GORE, the vice-presi-dent of the most powerful nation on earth (for now), has shown such unbelievable naivety during his speech at the Apec dinner that it surely must rank as the most stupid diplomatic blunder ever.
      277 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      562 16 Bight to to rate MALAYSIA'S Prime Minister Mahathir Mohamad is fuming, and his countrymen should relish every second of his discomfort. US Vice-Presi-dent A 1 Gore and other foreign leaders have used an economic summit meeting in Dr Mahathir's capital to call for greater democracy and
      562 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon High season at online shops
      723 17  -  Net shopping which could see USs2.3b of Xmas spending has come of age, says GREGORY CRAWFORD GREGORY CRAWFORD Reuters PROM Christmas trees to fruitcakes, mutual funds to blue jeans, consumers this year can buy everything and anything they need for the holidays online as Internet
      Reuters; FILE PHOTO  -  723 words
    • Article, Illustration
      Lock icon Dutch scientists make sweet discovery
      658 18  -  Dieters rejoice: natural sugar can now be produced with half the usual calories, reports eric onstad ERIC ONSTAD Reuters IT'S a dieter's dream come true. Imagine being able to indulge your sweet tooth with real sugar not a substitute at half the usual calories. As
      Reuters  -  658 words
    • Article, Illustration
      Lock icon Jerry Hall to quit catwalk—it's daughter's turn
      469 18 Jerry Hall to quit catwalk —it's daughter's turn FASHION Reuters [LONDON] Texan model Jerry Hall is to quit the catwalk and let her 14-year-old daughter Elizabeth take the fashion spotlight even if Mick Jagger is furious. Now Hall will have more time to tour with her husband Jagger, the wild
      Reuters  -  469 words
    • Article
      Lock icon Ewan-spotting sparks frenzy for play tickets
      251 18 PROFILE Reuters [LONDON] Scottish heartthrob Ewan McGregor on Wednesday sparked ticket frenzy at a tiny London theatre when he abandoned the glitter of Hollywood to play for minimum wages in a comic revival. The handsome actor who shot to fame in Trainspotting is being
      Reuters  -  251 words
    • Article, Illustration
      Her World, Citta Bell fair promises to set town abuzz
      482 18  -  FASHION By' Tan Su Yen [SINGAPORE] Leading women's magazines, Her World and Citta Bella, will be organising a first-ever women's fair this weekend an media event that promises to excite advertisers and readers alike. To be held at Paragon Shopping
      482 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      99 17 Where to wine, dine and entertain... "~s (SBffisaSr lIB^ I^BSSgBBB Steers To a tt/gftt 0/ great fun and entertainment at Cangtry's Happy Hours 5.00pm B.oopm Dail\ (with complimentary snacks Live band entertains Mondays Saturdays int Singapore *****8. :1: *****88 Fax *****66 mbtr of Far East Organization Every Saturday and Sunday
      99 words
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      Page 17 Advertisements Column 2
      79 17 CAFE DE GRAND LEVEL 1 available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL UMTTED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat 737 9944 Fac *****75 t c\ om to lam doily ***** 2pm Buffet Lunch Buffet Dinner Mon to Fri Nightly Adult $14.80—
      79 words
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      Page 17 Advertisements Column 3
      100 17 »l k I *1 iPlliSi^^ i^^TTeWeJßfwW^jflrCSl -r HBHBB BKj RiylH The famous Shanghai Hairy Crabs are now available at Hua Yuen Chinese Restaurant. Best eaten when steamed, served with ginger and vinegar to bnng out its succulence and sweetness. i $29 per piece. Each about 200 grams. A gourmet item
      100 words
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      Page 17 Advertisements Column 4
      108 17 pOflnfemrtteai, v 1,1 1 Jotaß Buntta, Sngapon *****6. tat 7371 M* fac ******1 JMMMMM OmdlmanagrttyNMHatfeMmfemllkl MM I 1 Stall #03-46 Jk tr I The Food Mall I Ti a 3 pk« I Using fingers, I or fork dr &pH9i j spoon, you'll C"-, always tnjoy C. i 7]^V eating from
      108 words
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      Page 17 Advertisements Column 5
      110 17 I Savour Revolving teslaurjßt VMwm:. Jfe mH B urossman at' Revolving Restaurant. 4M^B 831-6258/88 7"^^ —SB— Mandarin UJ Singapore JJJ Orchard Road. Singapore *****7 Tel *****11 W«w VUw't Hgw IQO DitUgS 6ot»w\gf Wgjgr Prepare yourself for on incredible new lunchtime buffet featuring 100 delightful dishes including Braised Short'* Fin. Mini
      110 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      728 17 TV&RADIO 2.30 PM TV Innovations. r4.00 Sesame 0.00 Popular Mechanics Hi 5.30 Captain &30 Percy The Park Keeper: The Storm. J® 7.00 Youth 7.30 Youth The Tourist Trap: The 8.00 Century Freedom. 0.00 Behind The Myth: Moni- Fp ca Lewinsky (See Our 10.00 Chinese Fei (See Our lift MN The
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    • Miscellaneous
      Page 17 Miscellaneous Column 2
      199 17 CRYPTIC CROSSWORD protective screen (6) 14 Some nincompoop usually ~■■""""■Bi""""" does this 19 Regard clean up as nonsense 21 Name the appointment hour 25 Quietly considered an affront 27 Keep it and earn breaks (6) 30 Housing adult males in princi- 15 Dispute is on the level and YEETieRDATS SOLUTKMI
      199 words
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  • Page 18 Advertisements
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      238 18 Voted It i Sledkh n 11 t c i n II mi e r i( <t JfTjaitAndc lien J HI AC k .\N(jL S Thankwivin? Dinner Thursday, 6 November 1098 Adult s 1"). 1)11- per Person Starter Clinice of (i;n<len Salad. Caesar Salad or loleslaw with x Baked I'otatne or
      238 words
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      Page 18 Advertisements Column 2
      124 18 Where to wine, dine and entertain.,,... AFTER MIDNIGHT, SIT DOWN TO A SUMPTUOUS MEAL FIT FOR ANIMALS. (THE PARTYING KIND.) Another late night out on the town. Well, in *TT IT7 those who prefer their meals light While case you haven't heard, The Brasserie has I some of our famous
      124 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      196 18 THE WEATHER Stagapora Showers in the predawn hours affecting most areas. Temperature (24/32 C) Rata farUa WHT OamL Jeraaka Ml eta* SkxfcMa -*-1 tarty Auckland B/18 rain Mem 11/W cloudy Vwaa -7/1 doudy S tar Zari* 1/4 doudy Beta* -8/4 tar Dm m (ML Bon**y WM lazy Aa*erdm V 8
      196 words
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  • COMPANIES & MARKETS
    • Article
      CityDev buys Hotel Equatorial site for $57.7 million
      413 19 Price is $60m less than the conditional $118mpaidby present joint owners, Nat Steel and LKN [SINGAPORE] Listed City Developments has bought the Hotel Equatorial site from joint owners Nat Steel Ltd and Lim Kah Ngam for $57.7 million, sources said. The price
      413 words
    • Article, Illustration
      Lock icon No let-up in properly rally as stocks surge 8%
      429 19  -  Property index hits near 7-month high as prime rates continue to head south By\ David Boey [SINGAPORE] The SES Property Index yesterday punched through the 500-point mark to close at its highest level since April 23, propelled by a groundswell of
      Source: Bloomberg  -  429 words
    • Article
      No info held back: Hitachi Zosen
      214 19  -  LETTER TO THE EDITOR J S Tan Hitachi Zosen Singapore Ltd General Manager Corporate Development Division WE refer to a letter from Lucas Low Koon Hong, appearing in BT on Nov 18 and headlined "Why hold back Hitachi Zosen info?", in which he asked
      214 words
    • Article
      Something in Thakral for the serious suitor
      818 19  -  HOCK LOCK SIEW Louis Beckerling omething old, something new; someborrowed, blue." If that's a recipe for a long and happy marriage, genuine suitors as opposed to those looking for a casual fling might want to consider tying the investment knot with Thakral Corp.
      818 words
    • Article
      HK futures exchange to watch Hang Seng contracts
      432 19  -  Trading hours longer from today to meet Simex competition From Loh Hui Yin in Hongkong THE Hong Kong Futures Exchange (HKFE) is putting in place a surveillance system on contracts related to the Hang Seng Index. The move comes a day ahead
      432 words
    • Article
      Penguin Boat bags Tekong ferry service deal
      202 19 [SINGAPORE] Penguin Boat International has clinched a multi-million dollar contract from the Singapore Government to provide a ferry service between Pulau Tekong and the Singapore mainland. Under the contract, which will run for seven years from March next year and could be valued
      202 words
    • REGIONAL COMPANIES
      • Article
        Five KL firms to extend life of warrants to maximum 10 years
        428 20  -  YTL Corp, Pilecon Engg among those taking advantage of new securities rule From Meera Tharmaratnam in Kuala Lumpur THREE weeks after the Malaysian Securities Commission extended the life-span of all stock warrants to 10 years from the current
        428 words
      • Article
        Lock icon Massive RM666m loss forecast for RHB Capital
        634 20 It's paying price of bankrolling buying binge by customers Bloomberg [KUALA LUMPUR] Abdul Rashid Hussain, Malaysia's best-known investment banker, rode to fame and fortune on his ties to the country's ruling elite. Now, those connections are bringing more pain than gain. The country's
        Bloomberg  -  634 words
      • Article
        Lock icon Sampoerna posts Q3 loss of 753b rupiah
        208 20 Bloomberg [JAKARTA] Indonesian cigarette maker PT Hanjaya Mandala Sampoerna posted a third quarter loss of 752.5 billion rupiah (Ssl64 million) on foreign exchange charges. Sampoerna, which makes the popular clove cigarettes known as kretek, blamed the rupiah's depreciation against the US dollar, which
        Bloomberg  -  208 words
      • Article
        Lock icon Brierley may not sell stake in UK's Thistle Hotels
        369 20 Bloomberg [WELLINGTON] Brierley Investments, a debt-laden New Zealand investment company. won't necessarily sell its stake in UK-based Thistle Hotels, its chairman Selwyn Cushing said. Retaining 46 per cent of Thistle, Brierley's biggest asset, "depends entirely on the estimated growth" of the
        Bloomberg  -  369 words
      • Article, Illustration
        Lock icon Neighbourly links
        77 20 [SEOUL] A frontpage advertisement featuring a South Korean boy (left) with his arm around a supposed North Korean child, which was placed in Seoul yesterday to celebrate the launch of the first ever tour linking the two divided Koreas. The ads were sponsored by the giant Hyundai Group
        AFP  -  77 words
      • Article, Illustration
        Lock icon Film hits boost Amalgamated profit
        308 20 Bloomberg [SYDNEY] Amalgamated Holdings Ltd, a hotel, cinema and resort operator said firstquarter earnings rose 31 per cent as popular movies such as The Truman Show and Armageddon generated higher box office revenue at its cinemas. Earnings for the three months ended Sept 30 rose
        Bloomberg; FILE PHOTO  -  308 words
      • COMPANY Briefs
        • Article
          Lock icon NatSteel expands in chemicals, waste
          35 20 Bloomberg [SINGAPORE] Nat Steel Ltd, Singapore's largest steel maker, will expand its waste management business and chemicals operations as it looks to offset sagging income from its steel operations. Bloomberg
          Bloomberg  -  35 words
        • Article
          Uracoo preference share issue approved
          40 20 [SINGAPORE] Precision engineering company Uraco Holdings has secured in-principle approval from the stock exchange for its proposed issue 0f9,500 redeemable convertible preference shares at $1,000 each. Proceeds will be used mainly to repay existing loans.
          40 words
        • Article
          Second Chance on share holdings
          40 20 [SINGAPORE] Second Chance Enterprises yesterday said the cost of quoted securities held by subsidiary Second Chance Investments formed 25.5 per cent of group net tangible assets of $20.3 million as at Oct 31 this year.
          40 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Campbell Soup's Q1 profit up 4.8% on cost cuts, higher sales
        387 21 Analyst sees the results as setting the tone for this year's sales volume Bloomberg [CAMDEN, New Jersey] Campbell Soup Co, which makes about 75 per cent of the soup sold in the US, said fiscal first-quarter profit rose 4.8
        Bloomberg  -  387 words
      • Article, Illustration
        Lock icon A new wave of wafers
        106 21 [HAMBURG] Posing with new six-inch wafers used in the production of discrete semiconductors are (left to right) Arthur van der Poel, chairman and chief executive of Philips Semiconductors Eindhoven; Gemot Fiedler, the business line manager (general application product) at Discrete Semiconductors Hamburg, and Leon Husson,
        REUTERS  -  106 words
      • Article
        Lock icon Microsoft to sell its RealNetworks stake
        586 21 Move comes after alliance with Net audio firm collapses Reuters [SAN FRANCISCO] Microsoft Corp, whose alliance with Real Networks foundered earlier this year, said on Wednesday it would sell its 10 per cent stake in the maker of highly popular software for playing audio
        Reuters  -  586 words
      • Article
        Lock icon JC Penney selling US$550m credit card bonds
        215 21 Bloomberg (NEW YORK] JC Penney Co, the No 2 US department-store company, plans to sell credit card-backed securities for the first time in eight years in a US$55O million (*****.5 million) offer that a company official said is part of a move to
        Bloomberg  -  215 words
      • Article
        Lock icon Siemens denies it plans to bid for US' AMP
        212 21 Bloomberg [MUNICH] Siemens, Germany's largest electronics and engineering company, denied analysts' speculation that it is poised to make a bid for AMP Inc, the world's largest maker of electronic connectors. Harrisburg, Pennsylva-nia-based AMP's shares rose 4.4 per cent in the US
        Bloomberg  -  212 words
      • Article
        Lock icon Philadelphia exchange sued by veteran broker
        316 21 He wants to see documents related to Amex merger plan Reuters (WILMINGTON, Delaware] The Philadelphia Stock Exchange has been sued by veteran broker Joseph Carapico, who wants to inspect exchange records related to its proposed merger with the American Stock Exchange, which has itself
        Reuters  -  316 words
      • Article
        Lock icon Royal Nedlloyd Q3 profit tumbles after stake sale
        155 21 Bloomberg [ROTTERDAM] Royal Nedlloyd Gnoep NV said thirdquarter profit from operations fell 84 per cent due to the sale of its stake in charter airline company Martinair and the cost of renewing its shipping fleet. The largest Dutch shipping and transport company
        Bloomberg  -  155 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US regulators probing firms with hedge funds
        344 22 Most detailed examination by officials; concern risk-taking may threaten stability FT [NEW YORK] US regulators are investigating about half a dozen big Wall Street firms that had hedge funds earlier this year, amid concern that excessive risk-taking may be threatening financial market stability.
        FT  -  344 words
      • Article
        Lock icon Big Russian bank to unveil US$2b debt reschedule plan
        397 22 Creditors note asset movements by banks during moratorium FT [MOSCOW) One of Russia's largest banks is poised to unveil to its creditors in London next Tuesday proposals on the restructuring of nearly US$2 billion (553.3 billion) in debts, in the wake
        FT  -  397 words
      • Article
        Lock icon Ainex eyes Japanese brokerage market, seeks licence for unit
        428 22 FT AMERICAN Express, the US financial services group, is applying for a licence to launch its financial brokerage division in Japan, as part of a plan to sell US-style investment products to Japanese consumers. James Cracchiolo, who tpok over as president
        FT  -  428 words
      • Article
        Lock icon ICI Mutual offers insurance for money market funds
        182 22 Bloomberg [WASHINGTON] ICI Mutual Insurance Co is introducing a type of insurance policy to protect money market mutual funds from losses caused by default. ICI Mutual is offering insurance to fund companies that guards against money fund losses that total as much
        Bloomberg  -  182 words
      • Article
        Lock icon AIG and SunAmerica shareholders approve US$18.7b merger
        368 22 Bloomberg [NEW YORK] American International Group Inc and Sun America Inc shareholders on Wednesday approved an US$lB.7 billion (5530.6 billion) merger of the companies, one of the largest combinations in the US insurance industry. Investors controlling 85 per cent of AIG common stock
        Bloomberg  -  368 words
      • Article
        Lock icon Credit Lyonnais wins EU nod for debt deal
        216 22 Bloomberg [BRUSSELS) Credit Lyonnais won European Union approval to use new shares to pay off its debt to the French government instead of handing over a percentage of its profits for 16 years, the latest step in preparing itself for sale to
        Bloomberg  -  216 words
      • Article
        Institutions power rally in futures
        245 22  -  SI mini Report MSCI Singapore Index Edward Cheung, Jardine Fleming FUTURES on the Singapore MSCI Index broke into new high ground and closed there with a very strong premium to the underlying cash market. The rally was powered by a wave of institutional buying that
        245 words
      • Article
        Futures surge on higher sales data
        165 22  -  SOKEXReport MSCI Taiwan futures Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Index futures surged by 7.9 points yesterday. This was led by higher sales figures reported this month from technology companies and several Taiwan computer companies. Mosel Vitelic Inc. a manufacturer of integrated
        165 words
      • Article
        Lock icon Oil edges up from 12-year lows
        194 22 ENERGY REPORT Reuters (LONDON] World oil markets staggered a little higher yesterday, suffering a heavy hangover from the slump which on Wednesday took prices to a 12-year low. London's benchmark Brent crude by late morning was trading at USS 11.69 a barrel, up 14
        Reuters  -  194 words
      • Article
        Lock icon CURRENCY REPORT
        267 22 Reuters AFP London THE dollar tumbled nearly three yen after news of an alliance of Japanese political parties fuelled hopes of more powerful economic stimulus measures, dealers said. The dollar's decline began when Japan's ruling Liberal Democratic Party and the opposition Liberal Party clinched an agreement on political
        Reuters; AFP  -  267 words
      • Article, Illustration
        Untitled
        1243 22 INTERBANK CROSS RATES A$ C$ Bwb ECU Ffr Dm KK$ Ind Ks Nptoh Yen Wow HM »2$ ftfc Is Peso S$ land Sir KT$ MM P—i 1.002 6.170 0.549 3.623 1.080 5.001 27.417 47.951 0.778 8.315 2.454 1.189 35.170 ***** 1.053 3.676 0.888 20.969 ***** 0.387 0146 °-W8 5.349 0.548
        1,243 words
    • Article
      COMMODITY PRICES
      1896 23 SICOM FUTURES RUB6IR (futures closing «s it 5.30pm) KSS1 c*<itsAg> Close Volume Opm M 0 1 HiQ*» Low Sett (towns) Interest Dec 98 I it3lo 1 450 Jon 99 114.25 550 Feb 99 115.00 925 Mor 99 116.75 1175 Apr/Jun 99 122.00 122.00 121.00 150 2550 Jd/Sep 99
      1,896 words
    • Article
      WORLD STOCK MARKETS
      2296 23 LONDON inousinjis l»n Penct 31 Croup 538.000 *11.000 AB Ports 286.400 -3.000 Abbey National 1260.000 18.000 Allied Oomecq 514.400 12.400 Allied Zurich 7S3.400 20.000 Amec 162.000 -1.400 Asda Group 151.000 -4.000 BAT Ind 517.000 3.400 BG PIC 409.400 1.400 BICC 62.000 -0.400 BOC Group 925.000 25.000 BR
      2,296 words
    • Article
      Lock icon TOKYO
      1628 23 Bloomberg yj Nikkri22s -***** THE benchmark stock index fell from Wednesday's two-month high, led by Pioneer Electronic Corp and other globally oriented manufacturers on mounting evidence the country's recession is dragging down profits. Deepening the gloom over downward earnings revisions from Pioneer and Toyota Motor Corp was concern the
      Bloomberg  -  1,628 words
    • Article, Illustration
      Lock icon HONGKONG
      1571 24 Reuters AFP Hang Seng +99.88 STOCKS ended higher yesterday with property counters leading the pack, cheered by expectations of an imminent local interest rate cut and encouraging results from apartment sales, brokers said. The Hang Seng Index inched up 99.88 points, or 0.98 per cent, to finish at 10,313.30.
      Reuters; AFP  -  1,571 words
    • Article, Illustration
      Lock icon CHINA
      630 24 Reuters Shenzhen B Index -0.40 SHENZHEN'S hard currency B shares closed lower yesterday, as a sharp fall in large-capitalisation Konka Electronics pulled the market lower amid slow trade, analysts said. The B Share Index lost 0.40 point to 62.83 on turnover of HK$3.7 million. "The current low turnover has
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  630 words
    • Article
      Lock icon TAIPEI
      377 24 AFP QffP Index ♦aOOJO TAIWAN share prices rose 2.8 per cent yesterday, paced by technology shares, on active buying by financial institutions and governmentlinked funds, dealers said. "Everyone's money is in it (the bourse) because the government had vigorously tried to push up the index," said Cooper Liao, manager
      AFP  -  377 words
    • Article
      Lock icon WELLINGTON
      247 24 Reuters -6tfi7 THE New Zealand share market closed weaker but off the day's lows on underlying buying interest from institutional investors, brokers said. The NZSE-40 Capital Index fell 6.67 points to 1.969.28 with turnover of around NZ$l2O million. Reuters Cuius Pet 1.00 -0.05 *****0 06 Croup 3 06 0.01
      Reuters  -  247 words
    • Article, Illustration
      Lock icon BANGKOK
      794 24 AFP PI SET Index +13.43 THAI shares added 3.9 per cent at the close yesterday as gains on regional markets fuelled buying in the afternoon session, analysts said. They said the market was led by heavy buying in banking and finance issues, particularly Thai Military Bank pic which soared
      AFP  -  794 words
    • Article
      Lock icon SEOUL
      459 24 AFP PI Composite Index +17.32 SOUTH Korean share prices leapt 4.1 per cent yesterday, recovering from a slight fall a day earlier as retail investors stepped up buying in afternoon trade, dealers said. The Composite Index closed up 17.32 points at 441.06, off an early low of 422.00. Volume
      AFP  -  459 words
    • Article
      Lock icon SYDNEY
      591 24 AFP All Ordinaries +IL9 SHARES closed up 0.4 per cent thanks to a buoyant Wall Street and strong retail stocks, brokers said. The All Ordinaries Index closed up 11.9 points at 2.680.6. The All Industrials Index finished up 28.4 points at 4,715.7, while the All Resources closed down 3.1
      AFP  -  591 words
    • Article, Illustration
      Lock icon JAKARTA
      742 24 AFP F1 Composite Index +9.13 INDONESIAN share prices closed 2.3 per cent up yesterday on speculative buying by locals with telecommunications stocks leading the rally, dealers said. A dealer with a local brokerage said Indosat and Telkom were higher on continued domestic interest following the government's announcement this week
      AFP  -  742 words
    • Article
      Lock icon MANILA
      330 24 AFP "Manila -L 76 PHILIPPINE share prices ended barely lower yesterday as mild profit-taking set in following a series of recent gains. The Philippine Stock Exchange Composite Index fell 1.76 points to close at 1.819.01 points. Volume fell to 1.55 billion shares worth 2.91 billion pesos. AFP Manila Mining
      AFP  -  330 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9022 25 INDUSTRIALS Coommtf pro^vcts Last Vol Day Nat Cap Htg» Law C«w>aay Sale 'OOP MS* taw P/t SmH 310 170 Ajinomoto 265 -5 4 265 260 14.6 107.4 148 35 Angkasa 66.5 I 30 66.5 65 98.1 290 123 Apollo Food Hlg 219 8 4 219 213 7.6 87 6 388
        9,022 words
      • Article, Illustration
        Lock icon Shares rebound slightly in dull trade
        440 25 AFP UJJ Composite Index +o^4 MALAYSIAN share prices closed barely higher yesterday in a minor technical rebound amid an absence of clear leads to spur full-fledged buying. "It is just a minor rebound after yesterday's dip but trading was dull in the absence of
        AFP  -  440 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2668 26 BONOS. LOANS WARRANTS m <998 List Vol Day LMt Oust* Avg HIH Law StM Company Mt *or- ('OOO) High Low Buyer Seller Prlc» 20.5 3 3160 "Acer ******1 USS US 12 *1 133 12.5 11 12 12.5 95 4.5 3164 Acma W*****4 16 *1.5 536 16.5 14.5 16 16.5 15
        2,668 words
      • Article
        Keppel Bank warrant: attractive gearing
        190 26  -  WARRANT WATCH By Ven Sreenivasan THE Keppel Bank warrant, which expires in August 2000, has jumped fourfold in price in less than six weeks. The instrument, which closed with a four-cent gain to 40 cents yesterday, has also recovered significantly from its 52week low of
        190 words
      • Article
        CLOB INTERNATIONAL
        231 26 HONGKONG STOCKS Cf Cr "9a Last Vol Day Last Qusta Oty My YM Nat M Cap High Law Stno Company Saf rOOO) High La» Buyf SaMaf H C vr H P/t $ma 400 250 5123 COL (2000) HK 400 400 a.O 2.4 2J0 20.5 7744.7 5124 Cathay Pac
        231 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6450 27 Transaction date: Nov 19 I Cr Or M Wt 1998 Last Vol Day Last Ouot* Olv CM* YM Net Cap Hiqh Lew StNo Company Sal* COOO) High Law Buy.r Seller Cw Wl >">" MMLTHNOIISTIY 142 49.5 m t 1000 Acma 50c 76.5 »3.5 805
      6,450 words
    • Article
      SESDAQ
      1276 27 Of Or M Wt 1998 LMt Vat Day Lett Ouate Mv Mv YM Net Caa *»f Law Ulla Ciawmy >ate COOP) Law tmrm t—ar Cw Ht t— *lw MANUFACTURMO 243 30 e 2049 'ASAutotOc 109 *2 3173 114 105 109 110 15.0N 7.0 1.4 10.3 124 5 109 82
      1,276 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      41 19 H.e arl mastering lime Girard-Perregaux pour Ferrari GP Girard-Perregaux Manufacture DEPUIS 1791 Available at all authorised retailers Exclusive Distributor: BMI Pte Ltd Tel: 737 3786 Service Centre Showroom: BMI 6B Orange Grove Road Tel: 737 3566 jTp f J BENjAVIN GROUP
      41 words
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      56 20 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE. SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg
      56 words
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      Page 20 Advertisements Column 2
      35 20 Ik Straits Times ClaMified/Tangtia Mall Tanglin Mall, every third Saturday of jjj the month, spm 11pm Ic* l New mantras for men Executive Lifestyle on the new male aesthetic in Singapore In The Business Times
      35 words
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      Page 21 Advertisements Column 1
      261 21 Swissair's daily specials to Europe: PRAGUE $1388/ H 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, Paris, Rome,
      261 words
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      94 22 FORD MOTOR CREDIT COMPANY Floating Rat* Notes Due February 13, 2003 (Common Coda No.: $*****3 ISIN No.: U*****97 RV79) (CUSIP No.: *****7 RV7) In accordance with the terms of the documents governing the above-relcr-cnccd Notes, notice is hereby given lhal the Interest Rate per annum for the Interest Period commencing
      94 words
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      Page 22 Advertisements Column 2
      7 22 Mondays Crisis Watch by Vikram Khanna TheßusinessTimes
      7 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      563 26 TO ADVERTISE CALL TOLL-FREE 1800-741 188 NOTICE IS HEREBY GIVEN that, I NG YEONG WAH of Blk 23 Telok Blangah Crescent #09-40 Singapore *****3, have applied for a Beer House, First Class Licence in respect of M/s Wei Chiang Satay Seafood located at 39 Keong Siak Road Singapore *****5, and
      563 words
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      Page 26 Advertisements Column 2
      449 26 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF SME VENTURES LIMITED (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 65 Chulia Street •39-01, OCBC Centre, Singapore *****3 on 13 November IMS, at 10.30 ui,
      449 words
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      Page 26 Advertisements Column 3
      487 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO SAMPOL AGARWOOD TRADING PTE LTD (In Voluntary Liquidation) SPECIAL RESOLUTION PASSED ON THE At an Extraordinary General Meeting of the Company held at 8 Kaki Bukit Road 2 #0225 Ruby Warehouse Complex Singapore *****1 on 16 November 1998 the following resolutions
      487 words
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      Page 26 Advertisements Column 4
      553 26 NOTICI OF SPECIAL RESOLUTIONS CHINA TRIASUU ENTERPRISE (SINGAPORE) PTE LID At an Extraordinary General Meeting of the members of CHINA TREASURE ENTERPRISE (SINGAPORE) PTE LTD, duly convened and held at 112 Middle Road #07-03 Midland House Singapore *****0 on 19 October 1998. the following resolutions were duly passed: SPECIAL RESOLUTIONS
      553 words
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      Page 26 Advertisements Column 5
      304 26 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF MONG YONG HING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of tne members of the
      304 words
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      Page 26 Advertisements Column 6
      7 26 TURN TO PAGE 28 FOR MORE NOTICES
      7 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Untitled
      335 28 Mwta Volume Keppel Land 50c 32,946,000 Keppel Bank 28,076.000 Wing Tai 25c 25,926,000 •TanChonglnt50c 25,068,000 DBS Land 24,561,000 Hotel Prop 20,590.000 SingTel 15c 19,149,000 Uraco HldgslOc 16,382.000 ST Capital 25c 14,330.000 SemfcCorpI 25c 12.982,000 Sttfcs Keppel Bank 64,495.091 Keppel LandSOc 61.930,150 OUB Foreign 59,467,242 DBS Land 54,109,690 SingTel 15c 48,374,675
      335 words
    • Article, Illustration
      Rally continues as more funds join buying spree
      639 28  -  STOCK MARKET COMMENTARY Property stocks hit a near 7-month high; Keppel group counters active amid rumours of foreign partner for Keppel Bank By Ven Sreenivasan [SINGAPORE] Local stocks continued their strong run-up yesterday, boosted by institutional buying of blue chips and heavyweights.
      639 words
    • ON THE GRAPEVINE
      • Article
        Big cheese pays no taxes
        102 28 MORGAN Stanley Dean Witter yesterday ofllcially opened its new office at Capital Square, a new office block at Church Street. This is a pretty mundane happening; lots of banks move their offices lots of time. But no less than than the Finance Minister, Dr Richard
        102 words
      • Article
        Biding on the giants
        117 28 IT is interesting to note that Daimler-Benz's regional office here is one of Cycle Carriage's biggest customers, accounting for over 100 Mercedes-Benzes. At roughly $200,000 each, we're looking at an executive transport expenditure of a cool $20 million. Now that we have DaimlerChrysler, which has a
        117 words
      • Article
        A round figure
        65 28 JAPANESE telecom giant NTT has set up an investment company here. According to a recent filing with the Registry of Companies, NTT Investment Singapore has an authorised capital of $166.1 million and its purpose is "other investment holding company". For those who wonder why this odd number
        65 words
      • Article
        Communists find a capitalist root
        83 28 THE Chinese communists who are turning to such capitalist tools as the stock market now can claim it had an original capitalist root. According to an official Xinhua News Agency report, a stock certificate issued by the communist guerilla government in the 1930s at its
        83 words
      • Article
        A merry American Christmas
        124 28 ASIANS will be reining in their Christmas spending this year, but Americans still want to make the yuletide cash registers ring. A retail survey by American Express shows that people in the US intend to spend an average of U551,342 (552,188) this year on holiday gifts
        124 words
    • Article, Illustration
      HOT STOCK
      73 28  -  -by Shiv Taneja URACO Holdings closed two-and-a-half cents higher yesterday at 25.5 cents on a volume of 16.4 million shares, compared with its 10-day traded average of 3.4 million shares Despite the recent run-up in the share price, the broad downward trend for the stock is expected to
      73 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      429 28 BUSINESS Xoticcs To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEER TECHNOLOGIES SINGAPORE PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held
      429 words
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      Page 28 Advertisements Column 2
      791 28 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Ficus 1, Jurong Country Club, No. 9 Science Centre Road, Singapore *****8 on Monday, 7 December 1998 at 10.00 a.m. for the following purposes (1) To receive and adopt
      791 words
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      Page 28 Advertisements Column 3
      600 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER Of YIN HOLDINGS PTE LTD (In Members Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 6 Olive Road Singapore *****2 on tt»e 1
      600 words
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      Page 28 Advertisements Column 4
      527 28 IN THE MATTER Of THE COMPANIES ACT. CAP. SO SELETAR SCAFFOLDING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members o» SELETAR SCAFFOLOING PTE LTD duly convened and held at 592-8 Sembawang Road. Singapore *****1 on the 18 day of November 1998. the following Resolution* were
      527 words
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      Page 28 Advertisements Column 5
      7 28 TURN TO PAGE 26 FOR MORE NOTICES
      7 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      317 29 Bridge News Reuters RATES for Asia Panamaxes remained steady for round voyages with strong rates evident for backhaul rims, brokers said. Tonnage remained in tight supply for the early positions with those charterers looking for early December loaders in Australia struggling to find ships. A few sellers creeping
      Bridge News; Reuters  -  317 words
    • Article
      MARITIME STOCKS
      257 29 S> HM CWT Drttrtbutton 0.47 *0.019 50 ChuanHup 0.32 -0.02 204 Cosco InvMtmcnt 0.50 rrrtoMLJnfci 0.16 *0.005 1205 MHoMlngt 0.445 *0.06 999 HMSunHup 0.44 *0.015 530 HKacMZoaan 0.65 *0.015 719 MCHoMngi—HK 5.60 Jaya MoWogj 0.575 *0.015 6* -Ajrona Shipyard 6.70 -0.05 372 KoppolCorp 3.92 *0.28 ***** Kappot FXLS
      257 words
    • Article
      ITF gets better wage deals for crews of 50 ships
      434 29  -  CAMPAIGN AGAINST FOGs IN ASIA The mostly Thai crew of 4 RCL ships to receive higher Singaporean wages By\ Felix Chan [SINGAPORE] At least 50 vessels have signed ITF agreements since the start of the transport workers union's week-long regional
      434 words
    • PORT Shots
      • Article
        Lock icon P&O Australia expects labour deal soon
        72 29 Bloomberg [SYDNEY] The Peninsular and Oriental Steam Navigation Co's Australian stevedoring arm said it expects to reach agreement with labour unions over reductions to its waterfront workforce soon. The agreement will including some sackings, contracting out of some services and the removal of overtime.
        Bloomberg  -  72 words
      • Article
        Lock icon Japan wins export orders for 17 ships
        82 29 AFP [TOKYO] Japanese shipyards received export orders for 17 vessels in October, compared with 21 a year earlier, an industry group said yesterday. In tonnage terms, October's orders increased 13.7 per cent from a year earlier to 614,192 gross tonnes, the Japan Ship
        AFP  -  82 words
      • Article
        Call to change ISM liability balance
        123 29 THE balance of liabilities in the ISM Code should be changed in favour of accident prevention, rather than apportionment of blame. "The climate for effective implementation of the ISM Code was wrong," said Captain Peter Russell, president of the Nautical Institute (NI), in an
        123 words
    • Article
      Bunker supplier cannot arrest chartered vessel for non-payment
      739 29  -  ADMIRALTY CASEBOOK By\ Selva Kumar A COMPANY which supplied bunkers to a vessel on a timecharter could not later arrest the vessel and claim payment from the vessel's owners although the bunkering contract claimed to bind the time charterer as well as
      739 words
    • Article, Illustration
      Lock icon MPA carries out first chemical spill exercise
      300 29  -  By\ Marcus Hand [SINGAPORE] The first ever chemical spill exercise, organised by the Maritime Port Authority of Singapore (MPA), was successfully carried out yesterday. The exercise was designed to test the coordination and procedures of supporting agencies in managing bulk chemical spills, based
      SIEW YAW HOONG  -  300 words
    • Article
      Asia-Canada trade carriers to raise rates
      304 29  -  MovebyCTSA follows similar move by TSA to raise rates on Asia-US trade By Marcus Hand [SINGAPORE] A grouping of shipping lines on the AsiaCanada trade have become the latest to announce major freight rate increases from Asia. From April 1 next year member lines
      304 words
    • Article, Illustration
      Lock icon Rise in container cargo seen
      907 30  -  SURVEY OF SHIPPERS Despite global economic turmoil, most shippers still expect container traffic to increase during the next two years By. Felix Chan THE threat of a global economic recession, stock market meltdowns, political turmoil in Russia, and the threat of impeachment of the president
      FILE PHOTO  -  907 words
    • Article
      SHIPPING SCHEDULES INDEX
      387 30 PAGE FoongSun 8 ANL 3 Fro,a 12 Accord 8 Frt Links 14 Ahrenkiel 12 c L,nk Appenship 5 Genwrtrans 8 Austral 8 Genshgp 12 Avant 14 Glory Nav 14 B'tanq Mas 8 HaiSunHup 8 BSA 7 Hangli 7 BTL 14 Hanjin 3 BalajiShpq 4 Heung-A 7 Bangladesh
      387 words
    • Article
      SHIPPING GUIDE
      17997 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voy age Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Destn Name Name Number Number 02/12 20/12 Kien Hunq ROYAL CONTAINER PC805S 45-*****33 To ABIDJAN (ABJ) 2003 Cote D'lvoire 02/12 29/12 csav iwato ohs 65-*****55
      17,997 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        710 43 Vessel Voy No Berth Arrival Departure Jvron? Nft Aulia Seraya 4698 J03 dkxv)sid« 19.11/2000 Brave Pescad v-61 J07 alongside 21.11/NXX> Bt L «tari I *****8 J01 alongside 20.11/0600 Bt Mido Baru *****8 J01 alongside 19.11/1800 Bt Rahmatind *****8 JOI alongside 19.11/2359 w R8 3528 1998 J01 alongside 19.11/1400
        710 words
      • Article
        CONTAINER SCHEDULES
        1796 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Wo Etb/Btr Period From To From no 20/1900 m 19/1500 nnt» n/noo nmoo iMM» n/noo 0T7A~ 32/1500 lA N/1500 N/1659 N/1900 18 19/1500 N/1659 N/1900 2* 19/1700 20/0659 20/0900 21 19/1700 20/0659 20/0900 3 20/0700 20/T159
        1,796 words
      • Article
        GLOBAL HOLIDAYS
        209 43 Nov 22. Mexico: Revolution Day. Nov 23 Japan: Labour Thanksgiving Day. Nov 28 United States: Thanskgiving Day. Nov 30 Philippines: Bontacio Day. D«o 8 Austria: Ammuculate Conception Deo 12 Mexico: Virgin of Guadalupe (optional). Deo 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Deo
        209 words
      • Article
        COCKETT BUNKER MARKET REPORT
        978 43 THIS repon. compiled bv Cockett Marine OU Ltd. shows price ranges In US dollars instead of single price* for a more comprehensive description of the marKe Prices shown are based on average sued stem Market movements are indicated The Cockett Bun ker Price Index change and
        978 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        479 43 Mo. it WO Max 993.2 0.7 T7.4 0.10 59 0.05 Hov lz Pwwlty Water Residue Ash Aluminium Sediment Ho above E25 1 0 4 0 0 0 m/m 380 Ave 987.5 OJ 15.2 0.06 30 0.02 «6/h«j %w/v 5* 380 (tax 995.2 0.8 19.3 0.09 61
        479 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Sita expects revenue growth of 25% in Asia-Pacific
        452 44 Greater demand by airlines to outsource communication systems [SINGAPORE] Sita, the aviation sector telecommunications specialist, sees a demand by airlines to outsource communication systems as helping to drive revenue growth of some 25 per cent in the Asia-Pacific over two years. "Airlines
        452 words
      • Article, Illustration
        Lock icon Fanning curiosity
        50 44 [ZHUHAI] Information on a Pratt Whitney PW4OOO aircraft engine attracts the curiosity of a young boy at the China International Aviation and Aerospace Exhibition. The 112 inch fan-model PW4OOO was the launch engine for Boeing's new 777 super twinjet. The biggest airshow in China ends on Sunday. AFP
        AFP  -  50 words
      • Article
        Lock icon Lockheed workers' US$760m verdict halved by judge
        224 44 Bloomberg [LOS ANGELES] A record US$76O million (Ssl.2 billion) punitive-damage verdict against suppliers of toxic chemicals used to make Lockheed Martin Corp aircraft was cut in half by a Los Angeles Superior Court judge. Judge Richard Hubbell ruled that a US$3BO million award
        Bloomberg  -  224 words
      • Article, Illustration
        Lock icon Dassault finalises US$3.2b order with UAE
        56 44 [DUBAI] A Gulf Arab inspecting a French Mirage 2000 warplane at an air show in the United Arab Emirates. The UAE has finalised a deal worth some US$3.2 billion (555.2 billion) with Dassault Aviation for 30 new Mirage 2000 warplanes and an upgrade for
        REUTERS  -  56 words
      • Article
        Lock icon JAL, JAS crews cancel 1-day strikes
        290 44 Bloomberg [TOKYO] Pilots and flight attendants at Japan Airlines Co, Japan's biggest airline, and Japan Air System Co cancelled symbolic one-day strikes yesterday, even as JAL employees failed to reach agreement with the airline over a pay dispute. JAS spokesman Koichi Iwamoto said the
        Bloomberg  -  290 words
      • Article
        Lock icon European airports urged not to raise landing charges
        440 44 Duty free retailing will be abolished next year FT [LONDON] Airport operators in Europe have come under fierce pressure from airlines not to raise landing charges next year to offset lost income when duty free retailing is abolished within the European Union.
        FT  -  440 words
      • Article
        Lock icon Qantas warns of worsening market conditions
        270 44 Bloomberg [BRISBANE] Qantas Airways, Australia's largest airline, said trading conditions may worsen as demand from Asian customers remains subdued and the airline faces increasing competition on UK and European routes. The Sydney-based airline may still match its target for full-year profit, though it will
        Bloomberg  -  270 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1899 44 CITY FLIGHT ETA FLIGHT ETC M(MI* AM230 IKO Fukuoka S0989 1715 S0990 0130 LM6381 1920 Guangzhou P«C S0803 1915 CZ354 0910 ***** 1920 2. C2351 2035 ***** 1015 Amsterdam N***** 0800 KL844 0105 Hanoi VN741 1310 VN742 0905 ***** 0800 N***** 2320 ***** 1835 ***** 1035
        1,899 words
      • Article
        Lock icon Air France cabin crews end strike amid concern about impact on share sale
        408 44 Bloomberg [PARIS] Air France flight attendants ended a 48-hour strike that added to concerns about the success of a plan to sell a fifth of Europe's thirdbiggest airline next year for some 4 billion francs (551.16 billion).
        Bloomberg  -  408 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      19 29 Survey of shippers Rise in container cargo seen Despite global economic turmoil, container traffic expected to rise. Page 2
      19 words
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      Page 29 Advertisements Column 2
      197 29 Sita expects revenue growth of 25% in Asia-Pac Greater demand by airlines to outsource communication systems. Back Page TheßihnessTdies Shipping Timrs To keep ahead, in todays' uncertain fast changing economic landscape, you need to be well informed. And you also need to reach out to existing potential customers in the
      197 words
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      Page 30 Advertisements Column 1
      1174 30 I NORTH AMERICA 1 EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPffESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) mja *<" h*sk ns at in bh mou ooc nt moocoott vissa vot an ruurai lacajutul ft 1 omnAVßnutA Isa n iqoenzo I NMCASTOO *****7 11/11
      1,174 words
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      Page 30 Advertisements Column 2
      601 30 1 WHAT'S NEW! Keep vourMSyaE on this spot for new services/clients. EXPORT 3 x Japan -2 x Hongkong -1 x Manila •1 x Kooshiong, Kecking (Accepting Fa to BKK/NAHA/SENDAI/CE6U/LCH) vissr vor pkl ptw jkt poo I iwl mom. osa hko wb. khh tyo kws yok smz no 6 up u*
      601 words
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      Page 30 Advertisements Column 3
      133 30 Lines services represented r V@v Dy Memoers of the Accredited Shipping Agents Singapore Shipping Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMMER/FREMANIIE (MONTHLY SERVICE) MV "ARKTIS TRADER" V.9811 ETA SIN 28/11/98 BOOKINGS CALL MONKA/AI UNO TEL 323 4374 CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA
      133 words
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      Page 30 Advertisements Column 4
      9 30 ft Members of the tTasn Singapore Freight Forwarders Association
      9 words
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      Page 31 Advertisements Column 1
      1014 31 TO EUROPE FROM EUROPE VBSa VOT aMCTHWHMIWVSfIUmUM Vlisa VOT KTM AMR HAW HV SOU FIT UH MX HY EMPEROR 315W 23/11 10/12 12/12 15/12 09/12 RHM S23W 02/11 04/11 07/11 00/11 2S/11 NOIMUZOTI 019W 26/11 11/12 16/12 11/12 14/12 HY COMMOOORE 31 SI 07/11 04/1102/11 04/11 24/11 UlOttE 524W 27/11
      1,014 words
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      Page 31 Advertisements Column 2
      1964 31 I HANJIN SHIPPING HANJIN SHIPPING PTILTD Imp honp\ com BOOKING *****35 237 SALTS *****24 23t 00CUMCM7 *****71 274 OffUIKWS *****41 252 MAIN UNf *****55 FAX 777W40 aNO **********0 M TO NW USA A CANADA USA CANADA* FOR VSI/VOY MM SM UNI HAIR/VOY SU TTW DEN POX CHI MSP Si OTT
      1,964 words
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      Page 31 Advertisements Column 3
      476 31 FULLY CONTAINHIUP PBPHAHP IHYICII VESSEL VOY_ _SIN_ PKG VOT SIN HKG KEL USN PUS [VBSEI I VOY I SIN 1 PRE l»TOfl I ffl I SIN I JKT I KMK KEELUNG HIS 04/11 10/11 lIIN 11/11 15/11 17/11 20/11 21/11 lK$ ILI I $li 1 s!« I^/111$11 1 HYUNDAI SPRINTER
      476 words
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      Page 32 Advertisements Column 1
      1480 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEUI'I'IiIKRANEAN/CANAPA VESSfI VOT UH HTM MM HOI WV FIX VESSEL VOT m GIT Sft FOS VIC MIH HANJM MALTA WM47 If.ll 04 12 Nl2 07 12 0( 12 0112 11.12 PAIfWIO UNATOfI WMtSO 1» 11 1112 *12 11.12 12 12 11.12 MERKURSTAR WOHO 2011 11.12
      1,480 words
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      Page 32 Advertisements Column 2
      973 32 P. GWAMQ: l-Jvy V- J cm *0. INDOS7BOOOOC S«U: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHING (062) *****1-3 DUBAI TYO/Y OK/OSA/UKB MV "FAS GULF" V.GW99 MV "MONTE ROSA" V.074N ETA SIN: 25-11-98
      973 words
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      Page 32 Advertisements Column 3
      656 32 LINE ST Tit* M 1345* IMi ISMIII 1 j LABUAN VKSa VOY ETC ETA VESSa VOT ETD ETA STOMMUtftA SPOtl UN CARAKAJM-32 Vlft/W 25/11 2S/11 CARAKAJNIII-32 VIK/M25/11 21/11 STRAJTS HOfE V32E/90 30/11 03/12 STRAITS HOPE V32E/W 30/11 OS/12 CAIAKA JNH-3? VIK/W 04/12 07/12 CARAIA JMt-32 VIN/W 04/12 01/12 STRAJTSHOPf Y33E/WOO/U
      656 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1397 33 VESSEL VOY SIN SIP PKG PEN PQB DUB SHJ BA BIK IRAN HESABI PJL 1320 25/11 06/12 05/12 07/12 09/12 IRAN BAKERI PJL 1321 03/12 13/12 12/12 14/12 16/12 12/12 22/12 21/12 23/12 25/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 06/01 IRAN VAHOAT PJLI32S 01/01 11/01 10/01 12/01 14/01
      1,397 words
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      Page 33 Advertisements Column 2
      1736 33 DIRECT TO ISRAEL I iiiikM IN 13 DAYS I EVERY THURSDAY J I iWC»K>«I-S6tHiII»L>GtKTS: t SHIMTON WAY nimUM COSTAR SHIPPING PTE LTD #17-MMSBIOG SAUS/BKGS *****57/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD i2o o/Si T/SHPIAT PtPT *****25 TIL 02-5-IS Ml" A*wSSAI" HLI 25,, W M SHE QIN
      1,736 words
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      Page 33 Advertisements Column 3
      668 33 Itr EASTERN CAR UNER, LTD. Ki (SINGAPORE) PTE LTD I SPECIALIZE IN RORO L HEAVY UFT UPTO 450 TONS I ECL (SINGAPORE) PTE LTD 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 PKL 27/11/98
      668 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1329 34 EUROPEAJK/SCANOINAVU/FINLANO^USSiA C 01 L? GP RDM ANW HBG THP ZtE LHV I LHW THP ROM ANW HBG PKL SGP I 21/11 WJ 13/12 11 /12 IM2 14/12 15/12 E GAINING RE 0« 25/10 20/10 20/10 21/11 °'*P!!'„ RW 003 29/11 17/12 22/12 'M 2 20/12 21/12 22/12 E RENOWN RE-031
      1,329 words
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      Page 34 Advertisements Column 2
      951 34 I SSSsDM PACIFIC INTERNATIONAL UNES (PTE) LTD I I SSsSS 140 Cecil Street #03-00 PIL Building, Singapore *****0. I CR NO *****6 HOOPOE um>usT«AUA S? 20/11 li/iT" im !m u^r srss, :r 12/!! ga-r 1 1 looaxoAw ov »'/u 10/Tl tTii ii/ti 1 u/n m~Wr li/Hl I wssa vor >w
      951 words
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      Page 34 Advertisements Column 3
      655 34 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY SIN PUI DM JHt CFT RO GOLDEN MAGON VOOK 21/11 30/11 04/12 07/12 01/12 NAMTAIPRINCESS VO2SS 29/11 14/12 "WIT "1/12" mum* vims 09/12 n/12 22/12 li/iTlim HOT naotaid«agon voios 11/12 21/12 01/01 04/01 os/oi HAKTAJ PKIWCE Y.Q24S 24/12 09/01
      655 words
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      Page 35 Advertisements Column 1
      489 35 BSfl Mf* MYANMA wSmk FIVE STAR LINE (Myonmar National Line) Loading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU PINTA 15/ SID SITTWI 83W SU) MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TEI (03) *****4)0 PKI: TEI (03) *****01 PEN: TEL (04) *****02 PGU: TEI (07)*****21/4 BANK LINE (A service
      489 words
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      Page 35 Advertisements Column 2
      1641 35 HMAT-' HYUN^^AERCHANTJJJAjIINECOj^^D^^^^^^ I VESSEL VOT I SIN I SOU I LEH BTM ANT HAM BRV FE VESSEL VOY I SOU I l£H I NTM I ANT 1 HAM ITV I Fg. I S4N I NOIIOUTI 010W 20/11 12/12 11/12 06/12 08/12 HYDUKE 314E 28/11 04/11 31/10 03/11 21/11 HY EMPEROR
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      Page 35 Advertisements Column 3
      1002 35 S. S norwegion specialized avfocornen QsSSKS Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUfT SERVICE' I VESSCL VOY RAMP HEIGHT SIN lAX CRI MIA SAV Ml ORF NYC NEW MOI TAIKO F823 400 Tow 6.3 M 30/11 24/12 ***** 06/01 01/01 10/01 TT7OI *****" 16/01 11/01 TOURCOING F824 400
      1,002 words
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      Page 36 Advertisements Column 1
      915 36 BANGKOK/MAP TA PHUT/LAEM CHABANQ JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 390N 21/11 25/11 DEJA BHUM 774S 21/11 25/11 VANTRABHUM" 267N 22/11 25/11 26/11 ANRO JAYAKARTA' 062 21/11 24/11 ACX RUBY 35N 22/11 25/11 26/11 ACX JADE* 34S 23/11 26/11
      915 words
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      Page 36 Advertisements Column 2
      608 36 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE vst VOT r t roti I rmt/rpmlrmc mum ahtwhp avissii y is/11 I n/n |»/n omit os/oi TO AUSTRALIA FULL CONTAINER SERVICE vsl vorl pug mh'l »h Im 1 stp 1 mh I hm I /ux Iwi KASUGAI I4S If/11 71/11 7f/11
      608 words
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      Page 36 Advertisements Column 3
      1022 36 VESSELS VOY I 3N "1 PKL MLA LEH RTV HAM ZEE SOT VK-LE DC SHANGHAI H2BW 24/11 25/11 07/12 14/12 15/12 16/12 18/12 19/12 VILLE D'ORtON Y2BW 01/12 02/12 14/12 21/12 22/12 23/12 25/12 26/12 VILLE DE MIMOSA V29W 08/12 09/12 21/12 26/12 29/12 30/12 01AH 02AM VILLE DE TANYA
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      Page 36 Advertisements Column 4
      19 36 CONVENTIONAL/BREAKBULK SERVICE LOADING FOR CALCUTTA as.n.9i LOADINO FOR BANGKOK/BOMBAI 26.11.91 INDOGULF FREIGHT SERVICES DEL: *****14 FAX: *****26 TLX: R*****4
      19 words
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      Page 37 Advertisements Column 1
      50 37 STEftfb Dial 740-6000 on demand 1 —(Retrieve more schedules!) Press "1" C _JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document will be shipping Times s !St3'?»as.g^.
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      Page 39 Advertisements Column 1
      151 39 f N mmmmm i free Reader Enquiry Service cut out and fax to 65-*****29 MimmnwrnnM 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
      151 words
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      Page 40 Advertisements Column 1
      1014 40 If 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/CELIA/MEI CHAW EQQ3QHS3QESHI slgs/week [Q*****91 2 slg/week I VESSEL pVOY [""SN HMK [VESSEL [VOY SIN [Ptß GLOBAL HORIZON 923 21/11 (SAT)
      1,014 words
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      Page 40 Advertisements Column 2
      812 40 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER VESSEL VOYAGE HA SINGAPOtf ETA COLOMBO ETA KARACHI SWAT 007HW 12/11/W 17/11/90 22/11/91 SmiAMAH 003H* ?t/11/f» 01/12/90 04/12/W SWAT 003HW 03/12/W 01/12/90 13/12/W SHAMMAUU 004HW 17/12/W 77/12/W 27/12/90 SWA' 004HW 24/12/90 29/12/W 03/01/99 ALSO ACCEPTING
      812 words
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      Page 40 Advertisements Column 3
      398 40 SIN FAR EAST 22/11 KEELUNG/KAOHSIUNG 22/11 BANGKOK 22/11 MANILA/CEBU 22/11 JAKARTA/BELAWAN/SURABAYA 22/11 PORT KELANG/PENANG/E MALAYSIA 22/11 BUSAN 22/11 TOKYO/YOKO/KOBE'NGO/OSA 22/11 HONGKONG SIN CHINA 22/11 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 22/11 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 22/11 LOS ANGELES/NEW YORK all IPI points 25/11
      398 words
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      Page 40 Advertisements Column 4
      579 40 Singapore Soviet Shipping CPL CI No lOOSOMOOOON Multiline Shipping PL J IWhotty 0»m«j SubuAofy) OtNo **********0 C VESSEL VOY SIN BOM PNG PKL KOTARATU RTUO27 28/11 06/11 18/12 BUXMOON 121N 06/12 14/12 26/12 KOTA RUKUN RKNO2I 11/12 19/12 30/12 [VESSEL VOY SIN CALCUTTA SW~| MREGINA RGAO73 21 22/11 26/11 08/12
      579 words
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      Page 41 Advertisements Column 1
      899 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO 1 m W PTTTm PPG »tw (Ml >0W HAI I NTL I ORE I SAV I NEW TAW I HOU I S4 Jl/n 28/11 01/1? 03/12 07/1? 12/12 19/1? 22/12 19/01 22/01 73/01 26/01 30/01 04/02 08/0? fflS £i/ni/. 974 HOIGH DENE
      899 words
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      Page 41 Advertisements Column 2
      1764 41 01WM6 I Sn 1 o?» I E» 1 8B» 1112 -I 1 sou I RTM I HAN I m SPORE now NAGOYA swMigi TOKYO PONLKOOE 02WA47 24.11 1112 14.12 1112 1112 TONI SOUTHAMPTON 04EA43 24.10 24.10 29.10 OMIT 17.11 2111 24.11 24.11 25.11 POM! SOUTHAMPTON 04WA48 0112 1112 21.12 2112
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      Page 42 Advertisements Column 1
      943 42 VESSEL VOY SIN MAA SIN TIGER ISLAND 660N 18-21/11 25-01/12 05 06/12 TIGER BRIDGE 661S 21-21/11 FOR DISCHARGE ONLY TIGER BAY 662N 27 28/11 02-09/12 13-14/12 TIGER PEARL 663N 01-02/12 07 12/12 16-17/12 TIGER ISLAND 664N OWJ6/12 10 16/12 20-21/12 TIGER SEA 665N 09 09/12 13 20/12 25-26/12 I VESSEL
      943 words
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      Page 42 Advertisements Column 2
      897 42 FREIGHT LINKS EXPRESS I Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg SOUTH AMERICA SCANDINAVIA ITALY/MEDITERRANEAN GREECE/EGYPT CHINA Santos Gothenburg Genoa Piraeus Shanghai San Antonio Arhus Valencia Alexandria Xingang Bueno Aires Copenhagen Barcelona Malta Tianjin Oslo La Spezia Helsenki B «l' n 9 CANADA AUSTRALIA INDIA MIDDLE EAST JAPAN MAURITIUS
      897 words
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      Page 42 Advertisements Column 3
      1353 42 OOCL (Singapore) Pte Ltd CFS Keooel Dish-pk 79 Anson Rod #21-04 (S) *****6 Ilk 513 #01-128 CI MO **********0H W: 272 7827 Oriefrf'oiwrseas Cofrtoiner line 4 (Malaysia) Sdn BKd (Reg Na *****2 m raff «i PETALIMG JAYA let 03-756 7776 Fu: 03-754 6657 PENANG W: 04-*****45/8 f«: 04-*****43 *****80 IPASIRGUPANG
      1,353 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      121 43 LEGEND: R Thunderstorm Temperature o^, V Shower Weother Wind direction with speed in knots Rom V^/ Cloudy Sky Wove height Surfoce winds ore indicated by arrows which Hy with the wind One fufl circle represents calm or light ond vonoble winds One holt Heche represents 5 knots I—. One full
      121 words
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