The Business Times, 1 December 1998

Microfilm: NL21360
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    14 1 MITA(P) 110/12/97 85c THE BUSINESS TIMES SINGAPORE Internet: http.V/business times.asial.com.sg/ TUESDAY, DECEMBER 1, 1998
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  • Article
    MARKET SUMMARY
    67 1 □m UKH (+21.79) D S3? (+9.06) PVsnranmnEß U ZLLM (+3.21) Q MAIKETMOOD: MM Kind STOCK HABKET INDICES Monday Change KLSE OOMP 501.47 ♦»39 NIKKEI 14,8862.1 -184.19 HANG SENG 10,***** ***** SET INDEX ***** -1027 JAKARTA OOMP _J8627 -6.05 MANILA OOMP CJoaed TAIPEI WPI 7,***** -142.1 SEOUL OOMP 451.88
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  • Article
    FINANCE
    78 1 FOBEX BATES uss St USI 1.662 £(U8*5Sper£) 1652 1728 DM 1.711 0.966 YEN 12X7 1JB6* *M 3.800 0.435 HKJ 7.744 0213 BAHT 36.07 0.046 mJPIAH 7,486 0022 'Stto lOOuntu •St to 100 units FUME KATES SINGAPORE* 641 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14 75 MANILA HONGKONG 1015 TAIPEI
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  • Article, Illustration
    S'pore private property sales hit 1,400 in Nov
    651 1  -  Data boost hopes of bottoming out of market, particularly at the lower end By. Ang Wan May [SINGAPORE] More than 1,400 people bought private homes in November, breaking the record set in October for the highest number of units sold in a
    651 words
  • Article
    Sicom shoots for the big time in rubber futures
    974 1  -  Singapore exchange studying tie-up with Osaka counterpart By I Stow Li Sen [SINGAPORE] The Singapore Commodity Exchange (Sicom) is exploring a tie-up with the Osaka Mercantile Exchange (OME) which, if successful, could propel Sicom into the international big league of rubber
    974 words
  • Article
    Rashid Hussain loses position as top RHB shareholder in RM3.3b revamp
    909 1  -  Pahang injects assets, Danamodal buys into RHB Bank From, Ruth Wong in Kuala Lumpur DEBT-RIDDEN Malaysian financial group Rashid Hussain Bhd (RHB) is to undergo a massive 3.3 billion Malaysian ringgit (Ssl.4 billion) recapitalisation that will see chairman Abdul
    909 words
  • Article
    Bank stocks soar by up to 15% on MAS ruling
    833 1  -  By\ Clarissa Tan [SINGAPORE] A buying frenzy sent Singapore bank stocks soaring by as much as 15 per cent yesterday as investors re-rated the sector following the slight relaxation of banks' capital adequacy ratio (CAR) by the Monetary Authority of
    833 words
  • Article
    Lock icon Dow down 112 points at noon EST
    71 1 Reuters [NEW YORK] The Dow Jones Industrial Average lost more than 100 points in noon trading yesterday as investors cashed in profits following the market's recent run-up. At 12 noon EST the Dow was down 112 points at 9,221.08. The fall was led
    Reuters  -  71 words
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      172 1 dbbpe HAS puts 81M32m ba Malaysian Airlines System suffered an interim group pre-tax loss of RM432m and reported forex translation losses that exceeded its shareholders' ftmds, Pf 22 Metro in the rod Metro incurred an interim loss of nearly 92m for the six months to Sept 30, 1986, because of
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      23 1 Govt's bridging loan a practical move, Pg 5 8* of adults eyeing private property, Pg 4 Sioom to use electronic order-driven system, Pg24
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore listed companies not keen to provide info, says Perc
      519 2  -  But country ranks second in Asia for the transparency of its business environment Bij, Audrey Tan SINGAPORE ranks second in Asia for the transparency of its business environment, but its listed companies are not forthcoming on providing information, said the
      519 words
    • Article
      MAS offers $850m govt bonds
      376 2  -  Wong Wei Kong THE Monetary Authority of Singapore is offering $850 million of two-year Singapore government securities (SGS), in line with its policy of increasing the supply of government bonds to help boost the local debt market. The sale, through a competitive tender, closes on
      376 words
    • Article
      S'pore, Japan need to work for common vision: R-Adm Teo
      325 2 SINGAPORE and Japan must work closely to realise their common vision of an open, prosperous and peaceful Asia, said Minister for Education Teo Chee Hean. Speaking at the Third Ja-pan-Singapore symposium in Tokyo yesterday, he said the regional crisis has
      325 words
    • Article
      TDB's role in helping firms expand beyond region 'more vital now'
      262 2  -  External trade op 5.7% in '97 but it'll be tougher in '98 By] David Boey WITH Singapore and the regional economies mired in an economic downturn, the Trade Development Board's role to help Singapore companies expand beyond the region
      262 words
    • Article, Illustration
      Deflationary trend to persist: Barclays
      324 2  -  EYE ON THE ECONOMY Inflation By. Anna Teo AS in the rest of Asia, the current deflationary trend in Singapore has further to run and will likely persist over the next 12-18 months, with significant implications for economic policy and financial markets, says Barclay Capital.
      324 words
    • Article, Illustration
      Lock icon Tibs services to feature payphones, magazines
      274 2 IN an attempt to give the humblest form of public transport a touch of class, bus operator Tibs has introduced telephones, newspapers and magazines on its services. Starting yesterday, in a joint effort with Ml and Singapore Press Holdings, two buses on Service 171
      TAN SUAN ANN/ST  -  274 words
    • Article
      A quarrel with that Jumabhoy obituary
      119 2  -  LETTER TO THE EDITOR M R Vinayak Singapore YOUR obituary on the late Rajabali Jumabhoy was concise and to the point. However, it left a bad taste in the mouth. Every big and powerful family has its own problems, some are able to sweep
      119 words
    • Article
      Visitor arrivals expected to fall 7-9% in Nov, Dec
      444 4  -  SINGAPORE TOURISM CONFERENCE Overall decline may be bottoming oat; next year's figures should match 1998 Reports try. Marissa Chew THE Singapore Tourism Board expects visitor arrivals to Singapore to decline hy up to 9 per cent in November and December, its
      444 words
    • Article
      8% of adults eyeing private property: survey
      411 4  -  Byl Corinne Kerk SOME 8 per cent or 196,000 of adults aged 20 and above intend to buy private property in the next five years, with most of them preferring brand new condominiums in the north-east and east zones. In the survey conducted
      411 words
    • Article, Illustration
      Tax break comes in handy for hotel
      279 4 MARINA Mandarin will save some $690,000 off a $5.3 million bill for refurbishing the hotel, thanks to a new tax perk. It is the first hotel to receive the Special Allowance for Hotel Refurbishment under a scheme announced in July as part of
      279 words
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      365 2 v/ South Australia Recognised Degrees "Ranked Among Australia's Best Universities" ASIA PACIFIC WHI UNIVERSITY M P" SINESS 39? GDI OF SOUTH ill -Marketing SCHOOL W AUSTRALIA Project Management HRM, OB andOD IT and Electronic Commerce H Logistics KmBM MB VI •Entrepreneurship and SMEs Doctor of Business Administration ISuoSSbSS in Business
      365 words
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      37 words
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      90 2 ——————fci We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.
      90 words
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      74 3 sometimes you need a little lateral thinking to be ahead of the race. It's a way of expecting the unexpected, meeting the challenge of the unpredictable. If you expect a different kind of thinking from your bank, you should talk to us. Because in everything we do we want to
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      63 4 -—WW a MIUIIIS V/Uj/liai u.w (A/lllU ai OOO.A(. -< ■■SUSS^ Gutsi operation. max oscillating weight is a )HP direction, self-winding 1 Kv one day of normal wear revs up 50 hours of reserve power. is one of the most precise timepieces ever made. To MM prove the point, each Impresario
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  • FOCUS: PROPERTY
    • Article, Illustration
      Govt's bridging loan a practical move
      726 5  -  THE PROPERTY COLUMN But it should also send out message that this scheme will be the last CPF hail-out to discourage property buyers from committing beyond their means By Lee Han Shih IS the government obliged to help house-buyers affected by the cut in
      726 words
    • Article
      Lock icon HK developer sees 15% fall in prices at most
      329 5 Bloomberg (HONGKONG) Hongkong property prices will fall no more than 15 per cent before beginning a gradual recovery, said Ronnie Chan, chairman of Hang Lung Development Co, one of the city's biggest property companies. Residential property prices fell about 55 per
      Bloomberg  -  329 words
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      425 5 CHANGISOUTH FULLY-FITTED OFFICE SPACE FOR LEASE With aircon/false ceiling/partitions 100% move-in condition Ample carpark Near Changi Airport Very reasonable rental KNIGHT FRANK PTE LTD 228 6894 228 7334 Freehold Residential Site Opposite Holland Village I FOR SALE BY TENDER I Site Area: 23,247 sq ft approx. Located within a good
      425 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Lay-offs, budget deficit deepen HK's gloom
      511 6 Main aircraft maintenance firm to lay off 8% of staff; fiscal reserves down HKs42b in 7 months Reuters [HONGKONG] Hongkong's battered economy suffered another blow yesterday with more layoffs and the government announcing a ballooning budget deficit in the first seven months of the
      Reuters; AFP  -  511 words
    • Article
      Indon inflation could top 80% forecast for 1998
      630 6  -  From Shoeb Kagda in Jakarta INDONESIA'S runaway inflation could top the government's predicted 80 per cent for the year, as month-on-month figures released yesterday showed little improvement despite a more than 40 per cent appreciation of the rupiah against the US dollar.
      630 words
    • Article
      Lock icon M'sia may not get 1% growth if banks don't meet loans target
      415 6 Bernama (KUALA LUMPUR] The government may not achieve its target of minimum one per cent growth in next year's Gross Domestic Product (GDP) if local banks are unable to meet the 8 per cent loans growth target for
      Bernama  -  415 words
    • Article
      Big fall in flow of global banking funds to Asia
      491 6  -  BIS says loans to Asia from Western banks fell USss2b in first half of '98 Prom Neil Behrmann in London THERE was a "massive withdrawal" of international banking funds from emerging economies in Asia in the first half of this
      491 words
    • Article
      Lock icon Most Japan banks can settle accounts: BOJ
      226 6 Bloomberg [OSAKA] Bank of Japan governor Masaru Hayami said most Japanese banks have prepared sufficient funds for year-end account settlements, shrugging off concern about a credit crunch. "I'm optimistic about it," Mr Hayami told local business leaders in Osaka. Japanese banks need plenty
      Bloomberg  -  226 words
    • Article
      Lock icon Thai investment, loans fall, pointing to deeper recession
      533 6 Sept investment index in biggest &11 in 10 years AFP Bloomberg [BANGKOK] Thailand's recession is deepening, as the total value of loans in October fell from the previous month and the private investment index in September showed its biggest drop in at
      AFP; Bloomberg  -  533 words
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      881 6 Editorial: Hongkong's economic crunch, Pg 18 CM Telecom International Limited llncorporated in Bermuda with limited liabilityl NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the shareholders of CM Telecom International Limited (the "Company") will be held at Cygnus of Marina Mandarin Singapore, Level
      881 words
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      136 6 I A GRAND NEW APARTMENT HOTEL I OPENS IN THE HEART OF SYDNEY I In the heart of the financial precinct L H H and close to Circular Quay, The Executive accommodation cdrwm I I 24-hour reception, concierge, heated I llbfiilifj j^H ■j pool and spa, gym, mini har, Paradise
      136 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Anwar lawyer wins reprieve against sentence
      518 7 ANWAR'S TRIAL Stay of execution granted against 3-month jail term for contempt of court AFP [KUALA LUMPUR] A defence counsel of ousted deputy premier Anwar Ibrahim won a last-minute reprieve against a three-month jail sentence for contempt of court yesterday, as hundreds of lawyers
      AFP  -  518 words
    • Article
      Lock icon Vietnam needs to boost private sector: World Bank
      264 7 HANOI AFP VIETNAM needs to bolster its fledgling private enterprises to create jobs and help propel economic growth, the chief representative of the World Bank here said yesterday. "The private sector would like to see a much more friendly environment if Vietnam
      AFP  -  264 words
    • Article
      Lock icon Islamic bank in US$280m Indonesian aid deal
      142 8 MANAMA, Bahrain Reuters THE Islamic Development Bank (IDB) said yesterday it had signed a US$2BO million (*****.1 million) deal to help Indonesia finance imports of rice, foodstuffs and medicine. An IDB statement said the agreement was signed on Sunday at the bank's headquarters
      Reuters  -  142 words
    • Article
      Lock icon Anti-Muslim backlash in Indonesian province
      503 8 JAKARTA Mosques, shops attacked in retaliation for anti-Christian riots AFP THOUSANDS of people in Kupang, the capital of the predominantly Christian Indonesian province of East Nusa Tenggara, attacked mosques and shops yesterday, officials and residents said. The attacks came as the West Timor city marked
      AFP  -  503 words
    • Article, Illustration
      Lock icon Hun Sen's reappointment of finance minister welcomed
      295 8 PHNOM PENH Cambodia plans to regain UN seat and join Asean Reuters CAMBODIAN Prime Minister Hun Sen's decision to retain Finance Minister Keat Chhon in his new cabinet will be welcomed by the business community and the country's aid donors, analysts said yesterday.
      Reuters; AFP  -  295 words
    • Article
      S'pore not calling Asean meet on Cambodia
      180 8 SINGAPORE Not practical to hold any special meeting now: Jayakumar SINGAPORE has no plans to convene a special or emergency meeting of Asean foreign ministers to discuss the question of Cambodia's admission to the regional grouping, Foreign Affairs Minister S Jayakumar said yesterday.
      180 words
    • Article
      Lock icon Only advisory powers for Suharto probe panel
      215 8 JAKARTA AFP AN independent commission to probe the wealth accumulated by former president Suharto during his 32-year rule will be only advisory and leave any decisions to the new president, State Secretary Akbar Tanjung said yesterday. The commission "will be authorised to do
      AFP  -  215 words
    • NOTEBook
      • Article
        Lock icon Thailand asks Tokyo far US$lb aid
        72 8 Bloomberg [BANGKOK] Thailand asked Japan for between US$l.l5 billion (511.9 billion) and US$l.35 billion of debt aid as the first instalment of credit from a US$BO billion programme by Tokyo to help its neighbours in Asia, Nikkei English News service reported, citing a Thai
        Bloomberg  -  72 words
      • Article
        Lock icon Muslim group bays stake in Bank Papan
        93 8 Reuters [JAKARTA] Bank Papan Sejahtera said yesterday that a business unit of the country's largest Muslim group had bought a 19.98 per cent stake in the bank, becoming the largest single shareholder. Harawi Sekawan Group, set up by Nahdlatul Ulama, bought the stake
        Reuters  -  93 words
      • Article
        Lock icon Taiwan investments In Negri Sembilan
        55 8 Bernama [SEREMBAN, Malaysia] Taiwan emerges as Negri Sembilan's biggest investor for new or expansion projects between January and September this year with 472 million Malaysian ringgit (Ss2os million) in investment, said Mentri Besar Mohd Isa Abdul Samad. This represented 54 per cent of overall foreign
        Bernama  -  55 words
      • Article
        Lock icon Chinese fishermen arrested
        65 8 AFP [PUERTO PRINCESA, Philippines] A Philippine Navy patrol has arrested 20 Chinese fishermen near the disputed Mischief Reef in the South China Sea, a military spokesman said yesterday. Manila increased patrols in the area earlier this month after it lodged a diplomatic protest over new Chinese construction
        AFP  -  65 words
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      242 7 fcf|l ideas as fast as you them /1 Like focusing attention on the 1 meeting, I fl hK 11 /on taking notes. X. /i 1 Like printing notes IJn co or directly from the board. No mouse clicks. H /Vo keystrokes. I^K: Like using a new technology Vr changing the
      242 words
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      114 8 I CNBC ASIA. YOUR SURVIVAL KIT FOR TURBULENT TIMES. Nothing can help you survive the Asian more than CNBC Asia. With our strong global links, we are equipped to cover global breaking news as well as its impact on Asia and around the world. H| nRH H Because we are
      114 words
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  • CHINA
    • Article
      Lock icon Cut business ties by Dec 31, China tells bureaucracy
      371 9 BEIJING Enterprises will be shut down or reorganised: minister in charge Reuters CHINA aims to complete reforms divesting the Communist Party and state bureaucracies of their business interests by the end of December, a cabinet official said yesterday. Beijing is "very
      Reuters  -  371 words
    • Article
      Lock icon China's trust firms face major shakeout
      231 9 BEIJING Reuters CHINA'S central bank governor warned yesterday that Beijing had approved too many trust companies and many were now in difficulty. Indicating a major shakeout in the troubled sector, Dai Xianglong also said the firms would be forced to split their trust and
      Reuters  -  231 words
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      73 9 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 PORSCHE DESIGN Water-resistant to a depth of 120 m 'fll' -1'- xWJ a Designer F.A. Porsche < it < < ETERNR 2SL I F r further information and a
      73 words
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      327 9 mrwM Hi I 1 if I V L _*irjj^d^wMfc^te6MSa^!tia fi S 3 af S ig I ftftKTV j fx I m B^r- /1 H| JH fflfck I EbmH H fe I imHlli a E/™® l 9 ai 1/ I aH Krfl «g||jKflH Sw :^H^^HLf I iM bmu m s I^B
      327 words
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      648 10 I pB, i|l B^M^^H jK ~JI 111 if B ■mi^- i 4^^^H~ m I --JLZZjI Iwß^ g*.<v< 1 W" I I p- <M f *>J£Bi<»?g. .B'Jkfc*., rfl y 1 ~-> -Bf Bw^Ayrl mHI I jJB. -~fMl^^^^^^^^H3B-44&iHLJisil^B IBB|BH^h x. 11, f 1 SHB|h9HBMrH FORT H °7- f Ilfl w, l:l .iiii'iiifiiri^ifciMwtrf
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      537 11 111 kvft'*^^^^^^HL/j(lfc l I I ihi i] i .fe#. i. ——Ai^—i I I I ffl i I fl I r l^iß B fAM." ->gu. r Kfl^Mrl r "M^^VVP I B \jß i i^Bßlb I t ggi I I ibfe-.. «..^ps&Mkm£k< 1 Hi f ■<■ 'r. 1 y^ I -B%Mlc. wI
      537 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China payments, trade hit by forex clampdown
      458 12 SHANGHAI Payment delay pats Bering at odds with intl practice, may hart its reputation Reuters CHINA'S clampdown on capital flight, aimed at preserving foreign currency, is slowing payments to overseas creditors and disrupting trade, bankers and businessmen said yesterday. It also was putting
      Reuters  -  458 words
    • Article, Illustration
      Lock icon Greenspan understands HK's moves: banker
      203 12 HONGKONG Bridge News UNITED STATES Federal Reserve chairman Alan Greenspan is "sympathetic" towards Hongkong, and "understands" the Hongkong government's recent market actions, David Li, chairman of Hongkong's Bank of East Asia, said at a function here last Friday. Mr Li said Mr Greenspan made the
      Bridge News  -  203 words
    • Article
      Lock icon Chinese paper calls for easier credit next year
      188 12 SHANGHAI Reuters CHINA needs to loosen credit next year by pushing banks to offer more loans to boost the economy, an official Chinese newspaper said yesterday. China should learn a lesson from inefficient monetary policies in the first half of this year
      Reuters  -  188 words
    • Article
      Lock icon Taiwan's bad-cheque ratio hits 0.57%
      244 12 TAIPEI Rate at 20-month high, reflecting cash-flow problems at some companies Bloomberg TAIWAN'S bounced-cheque ratio rose to a 20-month high in October of 0.57 per cent, suggesting that a series of recent well-publicised bad cheque incidents at some major conglomerates were mirrored in the broader
      Bloomberg  -  244 words
    • SINOBriefs
      • Article
        Lock icon No IPO shares for staff, rules China
        83 12 Reuters [SHENZHEN] Chinese companies making an initial public offering on domestic stock markets will no longer be allowed to issue shares to staff, an official of the China Securities Regulatory Commission said yesterday. The new rule is designed to prevent speculative behaviour sparked
        Reuters  -  83 words
      • Article
        Lock icon Clinics closed in Guangzhou
        74 12 AFP [BEIJING] Authorities in the southern city of Guangzhou have issued orders for the closure 0f574 medical agencies and clinics, the China Daily said yesterday. Recent investigations showed that hundreds of clinics had hired unqualified doctors and peddled fkke medicines for a profit, it said. The
        AFP  -  74 words
      • Article
        Lock icon China's steel demand set to grow
        78 12 AFP [BEUING] China's demand for steel products is to reach 115 million tonnes in 2000 and rise to 140 million tonnes in 2010, Xinhua reported. It quoted the China Metallurgical Information and Research Centre as saying the current market was sluggish but predicting expansion
        AFP  -  78 words
      • Article
        Lock icon Colour TV sales to hit 21m
        57 12 Reuters (BEIJING] Chinese consumers are expected to buy 21 million colour television sets in 1998, up 20 per cent from last year, the People's Daily overseas edition said yesterday. Sales were expected to rise further to 25 million sets in 1999, it quoted a
        Reuters  -  57 words
      • Article
        Lock icon Taiwan to boy US destroyers
        77 12 AFP [TAIPEI] Taiwan plans to drastically alter its naval build up policy and buy four advanced US-made Aegis destroyers instead of building its own fleet, the China Times said yesterday. The navy would have to postpone its plan to build a fleet ofl,ooo-tonne frigates due
        AFP  -  77 words
    • Article
      Lock icon Gap between HK rich and poor widening: survey
      396 12 HONGKONG Welfare group blames pay cats, urges minim-m wage AFP THE gap between rich and poor is wider in Hongkong than in Africa and will get even worse unless the government takes immediate action, a welfare group warned yesterday. Henry Mok Tai-kee,
      AFP  -  396 words
    • Article
      Lock icon China's computers prey to hackers
      203 12 BEIJING AFP CHINA'S computer systems are full of loopholes and are increasingly falling prey to computer hackers, official media reported yesterday. "Although computer security has taken the spotlight in society, China lacks feasible and reliable means to guarantee network safety," the China Daily quoted public
      AFP  -  203 words
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      163 words
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      221 12 "1 PRODUCT YEAR END SALEj INVITATION We invite all buyers, buying agents/ merchandising managers from department stores, supermarkets, hotels, restaurants, wholesalers and importers. Again we will hold our Indonesian Products exhibition at World Trade Centre, Singapore, Hall 3 from 9 till 13 December 1998; 10.00 AM -10.00 PM. More than
      221 words
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  • ASIA
    • Article
      Lock icon Indian analysts fear economic impact of BJP rout
      303 13 BOMBAY Investor sentiment will be hit if instability continues AFP INDIAN financial analysts and industrialists voiced concern yesterday at the economic impact of political uncertainty looming from the ruling Hindu nationalists' defeat in key state elections. The humiliating electoral rout of Prime
      AFP  -  303 words
    • Article
      Lock icon Aussie trade deficit at 9-year high
      284 13 SYDNEY Strong home demand propels October figure to Asl.lb Bloomberg AUSTRALIA posted its biggest trade deficit in more than nine years in October, as robust demand at home sucked in imports, outstripping a modest increase in exports. The trade deficit widened to Asl.l billion
      Bloomberg  -  284 words
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      131 13 CYCLE carriage. first class for cars. v »I* Xf hi if -V JEzJr I .v ?S„V 'Sit-v j V' w ''V 'A Hl^HHHBbhbh^^ CYCLE CARRIAGE FIRST CLASS SERVICE. OUR EXPERIENCE IS THE DIFFERENCE. v o v v v 1 K t 4 I Cycle Carnage First Class Service is based
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  • REGION/WORLD
    • Article, Illustration
      Lock icon LDP to back away from Liberals, new tax cuts?
      382 14 TOKYO Ruling party may instead form a non-Cabinet alliance with the Liberals Bloomberg JAPAN'S ruling Liberal Democratic Party (LDP) may back away from its planned coalition with an opposition party, top government officials said, adding to doubts the government will cut
      Bloomberg; AFP  -  382 words
    • Article
      Lock icon Japan businesses seek earlier tax cut: report
      238 14 TOKYO Bloomberg THE Japan Federation of Economic Organisations (Keidanren), the country's most influential business lobby, will ask the government to speed up the implementation of planned corporate tax cuts, the Nihon Keizai newspaper said, without citing sources. Keidanren chairman Takashi Imai will visit
      Bloomberg  -  238 words
    • Article
      Lock icon Russia default, LTCM set off massive flight to liquidity: BIS
      544 14 BASLE Banks tighten in Q3, loan syndication business falls 23% AFP RUSSIA'S debt default in August and the near-coUapse of a large US hedge fund triggered a massive flight to quality and liquidity, the Bank for International Settlements said on
      AFP  -  544 words
    • Article, Illustration
      Lock icon Bear with me in Cape. Town charity run
      59 14 [CAPE TOWN] The archetypal pink teddy bear once again found its way onto a burly biker's handle-bars during Cape Town's annual "toy run "on Sunday. Hundreds of bikers joined in the annual event which donates all the toys to local charities which
      AFP  -  59 words
    • Article
      Lock icon Labour MPs want Pinochet extradited
      257 14 ■LONDON AFP THE British government faced conflicting pressures yesterday over the case of Augusto Pinochet, as a swathe of MPs from the ruling Labour Party urged it to reject Chilean proposals that the former dictator be tried in his home country rather than in Spain.
      AFP  -  257 words
    • Article
      Lock icon London working hard to make euro weekend a success
      489 14 LONDON City's status as biggest forex trading centre at stake Reuters FINANCIAL institutions here are working flat out to ensure that "Euro Big Bang" weekend is a success even though Britain isn't even joining the new European single currency. That's because
      Reuters  -  489 words
    • WORLD Watch
      • Article
        Lock icon Clinton cal for USS400m for Palestine
        60 14 Bloomberg [WASHINGTON] President Bill Clinton said he will ask Congress to approve US$400 million (S$660 million) in additional ftinds for the economic development of the West Bank ami Gaza Strip during the next few years. That assistance will be in addition to the US$100
        Bloomberg  -  60 words
      • Article
        Lock icon Israel denies talk of unilateral pullout
        34 14 AFP [JERUSALEM] Israeli Prime Minister Benjamin Netanyahu denied yesterday that his government was considering a unilateral withdrawal from south Lebanon during its current review of security options. AFP
        AFP  -  34 words
      • Article
        Lock icon Russia puts off budget debate
        54 14 AFP [MOSCOW] The Russian government has put off deliberations on its crucial, controversial 1999 budget until after a visit this week by International Monetary Fund chief Michel Camdessus, news agencies said yesterday. Mr Camdessus was to inspect details of the spending plan on his visit
        AFP  -  54 words
      • Article
        Lock icon Call for Kenya debt defaulters to pay up
        41 14 Reuters [NAIROBI] The IMF and Kenya's central bank said yesterday that debt defaulters, including some cabinet ministers, are hurting the economy and should be forced to repay their loans from struggling banks. Reuters
        Reuters  -  41 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      227 14 "Got kangtao?" -J In is a tongue-in<heek way aucff6n#of. -4 H 1 v -r i if you are a vendor (i.e. manufacturer, wholesaler, distributor, reseller or a retaHer), we are looking for you! We have a unique and effective way to increase your revemiee by liquidating your high quality surplus
      227 words
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  • Offshore SEA conference & exhibition
    • Article, Illustration
      Challenges offshore for S E Asia
      1751 15  -  By] Lan Scott The writer is the vice-president and director of The Boston Consulting Group, Singapore MOST upstream oil and gas companies do not make very attractive returns. Research undertaken by The Boston Consulting Group(TBCG) shows over the past 10 years the majority have
      1,751 words
    • Article, Illustration
      S'pore offshore sector is on solid ground
      913 16 THE offshore sector in Singa pore is expected to remain strong for some time. One reason is Singapore yards have successfully penetrated markets worldwide, winning orders from all four major exploration and production areas of the Gulf of Mexico, the Norwegian and North
      913 words
    • Article, Illustration
      Lock icon OSEA 98: Mood is upbeat
      474 17 ASIAN crisis or no, this year's four-day OSEA 98 regional offshore event starting today at the Singapore Suntec Centre is still attracting strong international interest, with some 900 companies participating at last count, say its organisers. OSEA 98 or the 12th Offshore South East Asia
      FILE PHOTO  -  474 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      103 16 CBi jh I^^HjJ THE BRANDS BEHIND THE NAME £H2 <s> eg e~9 mr ifk W«WS«)( IHKI I I^, SS MWfuR lilUMil I I r «=J:t.W.» RKXjtD T M Hp" < tZE//// sl 14 •mytafifM w KEROTEST DIXON BAND-IT BOURDON SEDEME BERYLCO MSA AQUA-TERRA SUPPLY CO. PTE LTD LIONWELD V&M CUSTOM
      103 words
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      Page 16 Advertisements Column 2
      55 16 mmJ&® m gS SOON SUPPLY INTERNATIONAL PTE LTD 2 Tuas Avenue 2 Singapore *****2 Tel: 863 3228 Fax: (65) 863 2188 lfH(@&| [~M~rPI Email: business@soonsupply.com.sg LXJ ESE3 3. http://www.soonsupply.com.sg —«■—»HBH and Flanges For more information see us at booth 4P4-12 Em, 23|m AH JMV Exclusive Sole Agent: Singapore-Malaysia-Indonesia-Thailand-Brunei WFI (U.S.A.)
      55 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      166 17 0m OSEA9B 9< The 2th Offshore South East Asia Conference Exhibition Source for the latest technology at Asia-Pacific's most-established oil gas exploration exhibition Held in conjunction Don't Miss These Dynamic nyt «:.oo Conferences! 83f ItLßftSiaVO r tOflSy 1 The 4th Asian International Refining, LNG 4 U° Mwdwlnl Technology Exhibition 4
      166 words
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  • EDITORIAL&OPINION
    • Article, Illustration
      Not too late for Japan to show repentance
      784 18  -  THE BOTTOM LUTE OPINION By Anthony Rowley The writer is BT's Tokyo correspondent JAPAN would probably prefer to forget the events of last week when it failed miserably to heal old wounds with China, and when it also handed out rather shabby
      784 words
    • Article
      IN OTHER WORDS
      92 18 'Now young women who come to me will barely look at a banker.' -Park Soon Ja a professional matchmaker in Seoul, on how the economic crisis has changed perception of prospective partners. This is going to start merger mania again.' Tim Chesterfield a fund manager at Pavilion
      92 words
    • Article
      Hongkong's economic crunch
      653 18 EDITORIAL THE shrinking of Hongkong" s economy by a record 7 per cent in the third quarter is the most sobering piece of news to come out of the territory this year. It should prompt serious rethinking among the mandarins in charge of economic management Early on
      653 words
    • Article, Illustration
      Lock icon Oiling the path to a successful partnership
      1030 18  -  The proposed Exxon and Mobil merger would provide benefits in many areas for both sides By i Christopher Parkes and Robert Corzine Financial Times IT WAS a mere squib by comparison with the fusion experiment planned by Mobil and Exxon, but last week's
      Financial Times; FILE PHOTO  -  1,030 words
    • Article
      US on borrowed time in the eye of the storm
      295 18  -  MAILBOX William Ramseyer, Atascadero, California, US via Internet THE United States has cut interest rates. US consumers continue to spend like drunken sailors, pulling down savings .accounts and running up credit cards. Goods from Asia and from within the US
      295 words
    • Article
      WHAT THE OTHERS SAY
      745 18 Mega-mergars back hi vogue AFTER a brief intermission, while the stock market temporarily crashed, megamergers are back. The latest talks, it seems, involve Exxon and Mobil and could create a group worth £150 billion (Ss4lo billion). Other deals on the table include Deutsche Bank's planned near-US$lO
      745 words
  • Page 18 Advertisements
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A Bug's Life makes sparkling debut
      790 19 FILM Pix&r, Disney pleased with film's USs33.6m weekend ticket sales Bloomberg [LOS ANGELES] Walt Disney Co's and Pixar Inc's A Bug's Life debuted in the US and Canada at No 1 last weekend with U5533.6 million (5555.4 million) in estimated sales, setting it on
      Bloomberg; FILE PHOTO  -  790 words
    • Article, Illustration
      Lock icon Soros issues wake-up call to the world
      787 20  -  Well-known speculator warns in a book that a global depression is in the offing unless reforms are made in international finance soon. Lawrence reports LAWRENCE MALKIN IHT George Soros, the greatest speculator of the age, admitted in a book published worldwide on Sunday
      IHT  -  787 words
    • Article
      Club prices up for first time since Sept '97
      580 20  -  BT GOLF INDEX Nov index rises 3.76 to *****, largest point-increase in over three years Yen Sreenivasan [SINGAPORE] As this column pointed out last month, the open market prices for memberships at Singaporebased golf clubs seem to have bottomed out in
      580 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      80 19 Where to wine, dine and entertain... @>ffisssr l.ip.iiUM looil A. Dfsscrl Promotion I to U) I )tv< tnlvi (i\npt _M X J) Dtn-mhi-r) ICHIBAN! Be a use it is tlnit aootll The Best Lobster Deal In Town! Air-Flown Live Boston Lobster only Sl9 80 each. ;boice of preparation buftei and
      80 words
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      Page 19 Advertisements Column 2
      72 19 II CAFE DE GRAND J LEVEL 1 available for: private parties company dinner and (fence conference seminar and meeting. HOTEL QRANO CENTRAL LIMITED 22 Orchard Road/Cavanagh Road, Singapore *****7 Tat: 737 9944 Fax: 733 3175 3a Smotjia Italian Restaurant The authentic taste of Italy! PASTA PIZZA SEAFOOD A-LA-CARTE DO NATO
      72 words
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      Page 19 Advertisements Column 3
      87 19 An Unparalleled Buffet at parto*^ Parrafa it raa4y ta pimptr yaa with a baffat tbat bit i blaad af avarvtbiaj tasbi, tisbimi, 4im tint aad a wija array af bat, taatalisiaf atava, aarriaa, aaailaa aii itafaad spaaialitiaa. Far diaaar aaly, frasb •jfstars, taba aaatraataja. Aa4 af aaaraa, yaa abaald aat
      87 words
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      Page 19 Advertisements Column 4
      156 19 €iKto TtTZ "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. tea 1* M [MM] oawrtar taawirtar Mon Chicken Rice $8.50 $1.00 $4.25 Tue NasiGoreng $7.50 $2.00
      156 words
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      Page 19 Advertisements Column 5
      89 19 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 533 Orchard Road. Singapore *****7. Tel: 737 -4-411 if I v For only $B.Bo* you can enjoy our Daily Set with a main course, dessert and free soft drink. So visit us and enjoy a different special every
      89 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      797 19 TV&RADIO j iTrmimrci 12 2.30 PM TV Innovations. Sesame Street. Romuald The Reindeer. 5-30 Captain Zed and The Zee Zone. 6.00 Teletubbies. 6.30 Little 7.00 International Day the Disabled (3 Dec) Special: -w. _g Disability World Cham D~* pionships 98. SS\Z* f H a 7JO Asia Sport Show. "*S 8.00
      797 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      158 19 CHVPTIC CROSSWORD fore setting sail (7) DOWN 14 Nips back to float in the spray VUfMDATS BOBPIIOM 1 One-sided support for litera- 1C .l A IhlolplslkLi IpUInIdIjIuImIpW ture (4-3) 16 Ive sut)^et converted en--2 Course for beginners (7) trance hall (9) I^rodQc^dßsmr^n 3 Tea break about six for Mrs 17
      158 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      223 20 PBJsia's most refreshing golf resort. Officially opened. In Spring City Golf and Lake Resort, you'll find gently rolling fairways set amidst breathtaking landscape of pristine lakes and forested mountains. And a climate of Spring-like temperatures all year round. In addition to the best Jack Nicklaus golf course in Asia, challenge
      223 words
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  • COMPANIES & MARKETS
    • Article
      Metro in the red, posts $2m loss in first half
      472 21  -  Group cites leisure, retail division losses, temporary closure of Paragon store and higher interest costs By\ Rahita Elias [SINGAPORE] Metro Holdings incurred an interim loss of nearly $2 million for the six months to Sept 30,1998, due to losses from
      472 words
    • Article
      JC-MPH net shrinks 85% to $1.5 m
      271 21  -  By\ Siow Li Sen [SINGAPORE] Jack ChiaMPH yesterday reported an 85 per cent plunge in net interim earnings to $1.51 million for the six months ended Sept 30, hit by both tough competition and the regional economic crisis. Earnings per share fell to
      271 words
    • Article
      Uncovering the myths of the covered warrant business
      804 21  -  lIOCK LOCK SIEW R Sivanithy ONE of the biggest problems with covered warrants is a lack of understanding of just what the business is all about, rather than how to trade or price the instrument. After all, most dealers, remisiers and members
      804 words
    • Article, Illustration
      Almost 90% of Keppel Land's Kunming resort homes sold
      465 21  -  Next phase in 500 ha project to be launched soon From Quak Hiang Whai in Kunming, Yunnan KEPPEL Land's massive golf resort in Kunming, has sold almost 90 per cent of the first cluster of 50 resort homes. Lim Chee Onn,
      465 words
    • Article
      Petition to wind up Sonica withdrawn
      222 21  -  By R Sivanithy [SINGAPORE] The Sonica-Fu Yu Manufacturing saga has taken another twist, with a petition to wind up Sonica withdrawn at the eleventh hour last Friday. BT understands that the main petitioning creditor, a Taiwanese firm, pulled out at a High Court hearing
      222 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon MAS posts interim RM432m pre-tax loss; revenue flat
        517 22  -  RM3J2b forex losses exert drag few hints as to how it will deal with RMILBb debt From'. Meera Tharmaratnam in Kuala Lumpur MALAYSIAN Airline System (MAS) suffered an interim group pre-tax loss of 431.99 million Malaysian ringgit (SslBB million) and reported foreign
        FILE PHOTO  -  517 words
      • Article
        Sally Aw sells slake in associate for HK$2lm
        444 22  -  From, Loh Hni Yin in Hongkong SING Tao Holdings, controlled by publisher Sally Aw Sian, has raised HK$2l million (554.5 million) after it sold a 32 per cent stake in its associate, Culturecom Holdings. The buyer is a mainlandcontrolled company called Via
        444 words
      • Article
        Boustead interim dives 92% to $74,000
        246 22  -  By] David Boey HIGHER tax provisions led to a 92 per cent plunge in Boustead Singapore Ltd's net earnings to $74,000 in the half year ended Sept 30. The mainboard-listed industrial products group yesterday said overseas subsidiaries' profits incurred higher tax rates and certain
        246 words
      • Article
        OCBC woos depositors with rewards
        110 22 (SINGAPORE] OCBC Bank has come up with a first to entice more savings: It's offering a rewards programme for savings account holders, the bank said yesterday. As interest rates head south, OCBC seems to be getting more innovative by awarding points to its passbook savings
        110 words
      • Article
        Gimmill offer for Mayfran: Only 0.24% accept
        110 22 [SINGAPORE] Gimmill Industrial said its cash offer for Mayfran International closed yesterday with acceptances totalling only 0.24 per cent, or 154,000 shares, of Mayfran's capital. Prior to the offer, the garments group had held 32.8 million shares representing a 50.46 per cent stake
        110 words
      • Article
        Rashid Hussain Bhd posts massive loss of RM1.6b
        493 22  -  One of the biggest in M'sian history, loss wipes out 47% of shareholders' funds From Meera Tharmaratnam in Kuala Lumpur RASHID Hussain Bhd (RHB) yesterday reported one of the biggest corporate losses in Malaysian history 1.56 billion ringgit (*****.5 million) at the
        493 words
      • COMPANY Briefs
        • Article
          ABH unit In $443,900 legal tussle
          46 22 [SINGAPORE] ABR Holdings, an ice-cream parlour operator, said its subsidiary Fairwood Singapore Pte Ltd is the defendant in a lawsuit in which the plaintiff has been awarded judgement for $443,907. ABR holds a 50.01 per cent stake in Fairwood Singapore.
          46 words
        • Article
          LC Development on Draycott sale
          59 22 [SINGAPORE] LC Development yesterday said that options granted by Draycott Garden Pte Ltd, a wholly owned subsidiary, to sell 17 apartments on an en bloc basis in 7 Draycott Drive for $17.9 million, have been exercised. The developer said about $3.6 million, or 20 per
          59 words
        • Article
          NatSteet Broadway director resigns
          28 22 [SINGAPORE] Chua Kee Lock, a director of Nat Steel Broadway Ltd, resigned yesterday with immediate effect, the company said yesterday. No reasons were given.
          28 words
        • Article
          ...and so does Freight Links director
          53 22 [SINGAPORE] Freight Links Express Holdings said Tan Kay Hock has vacated his position as a non-executive director with immediate effect. Mr Tan has also given up all executive responsibilities and all directorships and positions in all companies within the group except Vincent Intertrans (Holdings)
          53 words
        • Article
          ST Electronics bags $36,9m LTA deal
          43 22 [SINGAPORE] Singapore Technologies Electronics Ltd, a unit of mainboard-listed ST Engineering, has won a $36.9 million contract from the Land Transport Authority (LTA) to expand its Expressway Monitoring and Advisory System, or EMAS, by another 41 km.
          43 words
        • Article
          Lock icon UOB M'sia unit starts stockbroking
          37 22 AFX-Asia [SINGAPORE] United Overseas Bank said its associate Affln-UOB Securities Sdn Bhd will start stockbroking operations in Malaysia today after receiving its licence. Affln-UOB Securities is 45 per cent by UOB. —AFX-Asia
          AFX-Asia  -  37 words
        • Article
          Lock icon PT Astra posts loss of 487b rupiah
          53 22 Bloomberg I JAKARTA! PT Astra International, Indonesia's largest carmaker, posted a 487.2 billion rupiah (***** million) loss in the first nine months. This compares with profit of 326 billion rupiah in the same period last year. Sales fell 22 per cent to 8.51
          Bloomberg  -  53 words
        • Article
          Lock icon Hioom still in talks on Proton stake
          77 22 AFX-Asia Reuters [KUALA LUMPUR] Hicom Holdings chairman Mohd Saleh Sulong said the company is still in talks with Petroliam Nasional Bhd over the proposed sale of its stake in Proton, Bernama reported. Separately, Hicom said it proposes to extend the expiry date of
          AFX-Asia; Reuters  -  77 words
        • Article
          Lock icon Time seeks warrant extension
          50 22 AFX-Asia [KUALA LUMPUR] Time Engineering plans to extend the exercise period for its warrants to 10 years, to August 2006. The 249.9 million detachable warrants came with its August 1996 issue of US$25O million (Ss4l2 million) bonds and are due to expire in February 2001. —AFX-Asia
          AFX-Asia  -  50 words
    • COMPANIES
      • Article
        Lock icon Hyundai raises US$5b overseas this year
        341 23 Chaebol seeks to calm debt fears; hopes to get another USs4.sb next year FT [SEOUL] Hyundai, South Korea's largest conglomerate, has raised US$5 billion (SsB.2 billion) in overseas funds this year and expects another US$4.5 billion in 1999 as it sought to counter criticism
        FT  -  341 words
      • Article
        Lock icon Exxon, Mobil may announce deal today: source
        522 23 Reuters [NEW YORK] If they can agree terms, Exxon and Mobil are set to announce today what could be the world's biggest industrial takeover, according to a source familiar with the negotiations. The source said there were still "a lot of blanks" to
        Reuters  -  522 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US$10b deal will create top global financial group
        396 24 DEUTSCHE-BANKERS TRUST MERGER Deutsche to slash USslb in annual costs, mostly by cutting 5,500j0bs Bloomberg [FRANKFURT] Deutsche Bank AG agreed to buy Bankers Trust Corp for US$lO.l billion (5516.7 billion) in cash to boost profits by forming the world's biggest financial-ser-vices company,
        Bloomberg  -  396 words
      • Article
        Lock icon Deutsche's Ackermann playing point man again
        358 24 Bloomberg [LONDON] The last time Deutsche Bank AG called on Josef Ackermann to manage a group of investment bankers, 200 of them quit. That didn't appear to bother his bosses, who are putting him in charge of the largest German bank's US$lO bUlion (5516.5
        Bloomberg  -  358 words
      • Article
        Sicom to use electronic order-driven system
        442 24  -  Move to meet challenge from Osaka exchange By\ Siow Li Sen [SINGAPORE] After months of deliberations and having overcome deep-rooted resistance the Singapore Commodity Exchange (Sicom) will switch to the electronic order-driven system. With this, the marketmaking system that has served the rubber industry
        442 words
      • Article
        Index up as Wall St's party spills over
        209 24  -  Slmrjji Report MSCI Singapore Index Bob Butcher, Jardine Fleming BLUE chip stocks in the US ended on a firm note last week in a quiet holiday trade but the high-tech second board hit record highs. The party spilled over into Asia this
        209 words
      • Article
        Futures correct as index falls 2%
        156 24  -  MSCI Taiwan fatores Perry Gilbert, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract corrected in yesterday's session as the December 98 contract made its debut as the spot contract. The stock index feU 2 per cent, led by technology stocks. Profit-taking weighed
        156 words
      • Article
        Lock icon Oil markets back on the defensive
        284 24 ENERGY REPORT Reuters [LONDON] World oil markets were back on the defensive yesterday with prices falling again after Opec oil producers last week failed to act to alleviate a global glut. Kuwait's Oil Minister Sheikh Saud al-Sabah said on Saturday that he feared oil
        Reuters  -  284 words
      • Article
        Lock icon CURRENCY REPORT
        267 24 Reuters AFP London THE dollar eased against the mark, falling through key support amid a brisk mark/yen bid and thinner hopes that core euro interest rates would fall soon, dealers said. Meanwhile, dollar/yen edged lower from Friday's close, but weak Japanese economic data and doubts over a proposed
        Reuters; AFP  -  267 words
      • Article, Illustration
        Untitled
        929 24 DfTERBAMK OQ8S RATBS Nov 30 %Ti C$ ECU Ffr Pw m r— Ww Bl nahtti hM s$ tmt sir NTS MM Mi u» 3s pg \°55 HI IBslI S£ £5 SSS&S lm 2% 1% S3 k iiiiiPiililllllilllll lr I i l i r «J gi »1J J1 i j«jrw 0.4*
        929 words
    • Article
      COMMODITY PRICES
      1718 25 SICOM ruTuaBS Nov 30 RUSKS (Mnr*$cJostafM it IJQpa) RSS1 CONTSACT(S cwhAg) Close Votome Open 0flth **9* Sett (toiwos) Interest !5S K 450 ■fr Ti moo 550 25 2 ra n3 00 "2-75 150 1375 IW-50 1175 H9.25 2250 ■WtopW 123.25 150 Oct/D«e 99 126.75 SSS 3 CONTRACT (US
      1,718 words
    • Article
      WORLD STOCK MARKETS
      2226 25 LONDON Industrials Nact 31 Of oup 570.400 -4.000 AB Ports 314.000 -1.000 Abbey National 1225.000 -25.320 AMed Domecq 516.000 -5.000 ADM Zurich 888.000 32.000 Am* 179.000 2.000 Asda Group 157.200 -4.800 BAT tad 556.000 12.800 BC Pic 416.000 -11.200 8ICC 62.000 -2.000 BOC Group 880.400 -19.000 BR
      2,226 words
    • Article
      Lock icon TOKYO
      1625 25 Bloomberg AFP Nikkei 225 -184.19 JAPANESE stocks fell for a second day, led by Seven-Eleven Japan Co and Toyota Motor Corp, amid concern political infighting may jeopardise a sales-tax cut and other measures to encourage consumer spending. Retailers and carmakers paced declines as cracks appeared in an alliance between
      Bloomberg; AFP  -  1,625 words
    • Article, Illustration
      Lock icon HONGKONG
      1516 26 Reuters AFP PHangSeag -339.79 STOCKS sank to a sharply lower close yesterday as investors stayed away after last week's expiry of index futures on Friday and with little fresh incentives to spur buying, brokers said. The Hang Seng Index lost 339.79 points to 10,402.32. The blue chip index gained
      Reuters; AFP  -  1,516 words
    • Article, Illustration
      Lock icon CHINA
      603 26 Reuters n Shenzhen B Index +0.84 SHENZHEN'S hard currency B shares closed sharply higher yesterday, rebounding from several consecutive days of heavy losses as low-priced issues gained on bottomfishing by local investors, analysts said. The B Index gained 0.84 of a point to 58.44 on turnover of HK$6.2 million.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  603 words
    • Article
      Lock icon TAIPEI
      344 26 AFP QWP Index -141} TAIWAN share prices closed 2.0 per cent lower yesterday due to uncertainty over the outcome of major elections at the coming week-end, dealers said. The Weighted Price Index fell 142.9 points to 7,177.22 points. "The uncertainty arising from the coming elections made investors step on
      AFP  -  344 words
    • Article, Illustration
      Lock icon BANGKOK
      763 26 AFP □set Index -1027 THAI share prices were down 2.8 per cent yesterday in across-the-board declines led by property, banking and finance stocks amid renewed concerns over recapitalisation plans, analysts said. Trade was very light with investors remaining sidelined amid concerns over whether Parliament would approve key economic bills
      AFP  -  763 words
    • Article, Illustration
      Lock icon JAKARTA
      714 26 AFP P l Composite Index -&05 INDONESIAN shares closed 1.5 per cent lower yesterday in directionless trade on the absence of offshore leads, dealers said. "There are no incentives in the market that could boost share prices," a dealer with a local brokerage said. The Composite Index was down
      AFP  -  714 words
    • Article
      Lock icon SEOUL
      458 26 AFP P Composite Into -178 SOUTH Korean shares lost 0.8 per cent yesterday on fu-tures-linked selling amid caution about the expiry of the December futures contract on Dec 10, dealers said. The Korea Stock Exchange Index closed down 3.78 points at 451.88, off a low of 450.31 and a
      AFP  -  458 words
    • Article
      Lock icon SYDNEY
      602 26 AFP rl All Ordinaries *100 SHARES closed up 0.1 per cent yesterday as telecoms offset a slide in banking stocks following the government's quashing of rumours that it would change its stance on bank mergers. The All Ordinaries Index, closed up 2.0 points at 2,773.3. The All Industrials Index
      AFP  -  602 words
    • Article
      Lock icon WELLINGTON
      266 26 AFP Uj Wellington +WB NEW Zealand shares ended 0.3 per cent firmer yesterday after late selling of key issues pared down earlier gains. The NZSE-40 Capital Index closed up 5.52 points on 1.991.34 on a turnover of NZ549.13 million. Telecom ordinary shares ended up 10 cents at NZ$B.lO. AFP
      AFP  -  266 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8614 27 INDUSTRIALS La»« Vol Day N«t Cip High Lew Cempany SiM OOO Jit r/[ mM 310 170 Ajinomoto 294 14 17 310 286 16 2 119 2 146 35 Ang*asa 80 2 142 82 78 118 0 ?I2 ,'i2 i po F <>o<1Hk) 270 35 25 270 240 9.4 108.0 388
        8,614 words
      • Article, Illustration
        Lock icon Shares up on hopes of economic recovery
        411 27 AFP Q Composite Index +£39 MALAYSIAN share prices closed 0.7 per cent higher in heavy trade yesterday due to sentiment that the worst was over for the recession-hit economy, dealers said. "Buying interest was boosted by investor sentiment that the economy is on
        AFP  -  411 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        2532 28 BOMBS, LOANS i WAJtftAMTS La«t Val Day Last Ouota Avg High Low StiM Company Sata *or- COOOl High Law Buyar M« Ptica 20.5 3 3)60 *Acar ******1 US$ 15.5 unch 63 16.5 15.5 15 15.5 95 4.5 3164 Acma ******4 16.5 -0.5 81 17 16.5 16.5 17 17 3161 AIITach
        2,532 words
      • Article
        CLOB INTERNATIONAL
        222 28 HOM6KON6 STOCKS Cf Cr 1998 Last VM Day Laat Oust* Mv M* YM N«t M Cap Mt» Uwr S«m> Company Sata fOOO) Lmm Buym Ww Cw M >»■ *400 250 5123 COC (2000) MK 400 8.0 2.4 2.0 20 5 7744.7 5124 Cathay Pac 20c MK_ 720 265.0
        222 words
      • Article
        Guthrie wrt: an interesting play
        168 28  -  WARRANT WATCH R Sivanithy THEMES come and go in stock markets and ours is no different. At various points in the past few weeks, electronic stocks, US dollar issues, banks and properties have been popular. More recently, Indonesian-linked stocks have come into the limelight as
        168 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7017 29 Transaction dat<*: Nov 30 j '"8 Lilt Vol Day Lost Ouott Dlv Dtv ym N«t cJo if! L#w St Wo Company Solo COOP) H+qft Low Buytr SoM«r C'vr P/C $mll Prtc* MUITHNOUSTIY 142 49.5 m t lOOO Ac ma 50c 80.5 *1 425 82.5
      7,017 words
    • Article
      SESDAQ
      1188 29 J 4 1 L— »tw Cwm, U* OOP) High Law Cw «f P/t $jS Prt£ 45 I 205? ASJhS,°.20<__:. n" f 5 '?0 '73 Is" 103 07 1*0 M7 M 260 85 2001 Asiamatrli 50c. 135 123 138 39 oj io c 5 0 5 570 25 25 25.5
      1,188 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        339 30 Stocks Volume Keppel Bank 20,930,000 Keppel Land 50c 13,634,000 DBS Land 11,957,000 WingTai 25c 11.729,000 ST Capital 25c 11,246,000 OUB Foreign 9,490,000 UIC 9,063,000 OCBC Foreign 7,479,000 VanderHorst 6,702,000 Hotel Prop 6,324,000 Stacks OCBC Foreign 76,375,925 0«S Foreign 63,409,624 OUB Foreign 61,091,100 UOB Foreign 60,744,948 Keppel Bank 54,903.680 DBS Land
        339 words
      • Article, Illustration
        STI tops 1,400 mark again as finance stocks soar
        654 30  -  STOCK MARKET COMMENTARY Indon-linked counters also in focus bat end mixed with broad market; Wall St and regional bourses seen setting the pace today By R Sivanithy [SINGAPORE] News of a change to the capital adequacy ratio (CAR) for banks fuelled
        654 words
      • ON THE GRAPEVINE
        • Article
          Troubled merger
          146 30 GIVEN the bad press that the proposed acquisition by Deutsche Bank of Bankers Trust has received from various quarters, one wonders whether a press conference scheduled for yesterday evening and broadcast live via the Internet was just a marvel of technology, or PR machinery gone into overdrive. One
          146 words
        • Article
          Profit and run
          111 30 IN his latest Fuller Money newsletter dated Nov 24, chartist David Fuller declares that the global stock market rally is now becoming overextended and that any further near-term gains in the Dow Jones Industrial Average, SAP 500 and Nasdaq will prove difficult to maintain. "Asia's stock markets
          111 words
        • Article
          Friends and rivals
          53 30 A TOP-LEVEL BMW executive was spotted recently at the functions of two rival German car manufacturers, within days of each other. When asked why he was there —but not his compatriot from a much bigger conglomerate he replied, supposedly half in jest: "We're friendly." Hmmm, sets you
          53 words
        • Article
          Fresh face at Aberdeen
          111 30 ABERDEEN Asset Management has just appointed Virna-Anne Goyal as its new sales manager. We understand that Ms Goyal brings to Aberdeen Asset her considerable experience managing the investment needs of clients, having held appointments with the private banking divisions of Credit Suisse in Singapore, and ING
          111 words
      • Article, Illustration
        HOT STOCK
        83 30  -  by Shiv Taneja KEPPEL Bank closed 17 cents higher yesterday at $2.63 on volume of 20.9 million shares, twice its 10-day traded average of 10.18 million shares. Since the beginning of October, the counter has run up from just over a dollar to its current price, and this
        83 words
  • Page 21 Advertisements
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      62 21 See and fee! the full range of S Yard woods and irons today and get to nnw why it's the woric! s most preferred high end Titanum club. •u J r 'NF 9 (flex: S1 X). 10 (flex: R 1. S 1 S2) 'l 1 (tie*: R-1. R-2 &S2 T3Ol
      62 words
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      96 22 This announcement appears as a matter of record only iiii Niiii|fnni MAYFRAN INTERNATIONAL LTD (Incorporated in the Republic of Singapore) Unconditional Cash Offer by Gimmill Industrial (Pte.) Ltd. (Incorporated in the Republic of Singapore) to acquire all the issued ordinary shares of 550.15 each in the capital of Mayfran International
      96 words
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      359 23 I S CU,e r yj|« Jj *+>«****: a** j uMe it ii vhk ■fe, „>*. pP**L^~ WANT TO PINPOINT AND VERIFY DELIVERY OF YOUR PACKAGE WITH THE PUSH H®| JA II VP VPAI With state-of-the-art tracking technology IWi W0 I I B®oa® from UPS, you can. Visit our web-site at.
      359 words
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      58 24 NOTICE OF INTEREST RATE Cho Hung Bank Global Medium-Term Note Program Due 2000 NOTICE IS HEREBY GIVEN that the interest rate covering the interest payment period beginning November 24,1998 and ending on May 24, 1999 has been fixed at 5.*****%. The Interest Amount payable on each $250,000 amounts to $6,879.42.
      58 words
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      Page 24 Advertisements Column 2
      5 24 Strait Talk TheßuslnessTimes Shipping Times
      5 words
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      42 26 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes I I N Q A P O K I ♦The Manila market was (dosed yesterday for a holiday IMa't (n km*? Imlit in 3CN Cats' Mews/ y 'M*vttitMd. I Tw [CATS. I A
      42 words
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      58 29 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE CITI NEVER SLEEPS 1$ r;illr li v .11: sh, nl<> n ;n 2<> S Or«li.1 id K u ;mI 2 I Illr<l 11 u I .1 > 1 si.
      58 words
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      492 30 GIMMILL INDUSTRIAL (PTE.) LTD. (Incorporated in the Republic of Singapore) ANNOUNCEMENT UNCONDITIONAL CASH OFFER ("OFFER") TO ACQUIRE ALL THE SHARES OF 550.15 EACH IN THE CAPITAL OF MAYFRAN INTERNATIONAL LTD ("MAYFRAN") OTHER THAN THOSE ALREADY OWNED BY GIMMILL INDUSTRIAL (PTE.) LTD. ("OFFEROR") On behalf of the Offeror, Keppel Bank of
      492 words
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      Page 30 Advertisements Column 2
      221 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF RISENTER INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Chapter 50, that the Final Meeting of the members of the abovenamed company will be held
      221 words
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      Page 30 Advertisements Column 3
      261 30 THE COMPANIES ACT CAP 50 MIL MARKETING PTE LTD (In Voluntary Liquidation) At a general meeting of MIL MARKETING PTE LTD duly convened and held on the 27th day of November 1998, the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to Section
      261 words
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      Page 30 Advertisements Column 4
      483 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRAVELLERS' CHOICE PTE LTD (MEMBERS VOLUNTARY WINWNG-UP) At an Extraordinary General Meeting of the Members of TRAVELLERS'CHOICE PTE LTD. duly convened and held at Singapore Shopping Centre. 190 Clemenceau Avenue. *05-04 Singapore *****4, on the 30th
      483 words
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      Page 30 Advertisements Column 5
      29 30 The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training section in the Classified Classifications 700 to 799. CATS.
      29 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      306 31 Bridge News Reuters IT was a slow end to the week with rates significantly easier for Panamaxes in Asia, brokers said. Activity has been thin with the Thanksgiving holiday contributing to the sluggishness. The trade seems to have taken the day off, Clarkson Securities Ltd said in its
      Bridge News; Reuters  -  306 words
    • Article
      MARITIME STOCKS
      286 31 SES '000 tnM> CWT Distribution0.54 unch 302 Churn Hup 0.545 -0.005 976 Cosco Invastmant... 0.51 FrMMLMn 0.205 -0.01 1636 GB Holdings 0.435 unch 119 Hal Sun Hup 0.46 -0.015 2896 Hitachi Zosan 0.75 -0.005 627 IMC Holdings HK 5.60 Jay* Holdings 0.54 -0.02 64 Jurong Shipyard 7.00 0.35
      286 words
    • Article
      67 ships detained for not complying with ISM Code
      436 31  -  1,847 ships inspected in 3-month campaign by 16 member states of Tokyo MOUon Port State Control By: Marcus Hand [SINGAPORE] An International Safety Management (ISM) Code blitz, by the member states of the Tokyo MOU on Port State Control, detained 67
      436 words
    • Article, Illustration
      Lock icon All decked out and ready to sail
      44 31 [SAINT-NAZAIRE, France] Passers-by admiring at Saint-Nazaireport (Loire-Atlantique) the latest newbuilding by shipyard Chantiers de I'Atlantique, the 180-metre cruise ship R TWO. It can carry 700 passengers and will be delivered to Renaissance Cruise in the US. AFP
      AFP  -  44 words
    • Article, Illustration
      Conference to focus on outlook for cruise industry
      208 31 Convention opens today with address by PSA chairman YeoNing Hong [SINGAPORE] The Seatrade Asia Cruise Convention, which opens in Singapore today, will be focusing on the outlook for the cruise industry in the region. The convention officially opens this afternoon at 4pm
      208 words
    • Article, Illustration
      S'pore unionist scores Asian first
      196 31 [SINGAPORE] The Singapore Maritime Officers' Union general secretary Thomas Tay has become the first Asian to be elected a vicechairman of the Seafarers' Section of the International Transport Workers Federation (ITF). Mr Tay, who is also a member of the central committee of the National
      196 words
    • Article
      Lock icon Marina Offshore gets towage licence
      143 31 Services [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) has issued a public towage licence to Marina Offshore Pte Ltd as part of its tug service liberalisation programme initiated last year. Under Phase 2 of the scheme, the licence, which is valid for a
      Services  -  143 words
    • Article, Illustration
      Lock icon New Manila drydock passes first assignment
      392 32  -  KEPPEL BAT ANGAS Keppel's newest drydock in the Philippines is No 2 in the country hYom Alec Almazan in Manila KEPPEL Batangas' newly constructed 40,000-dwt drydock has completed the servicing of its first vessel. Work on the Superferry 8, a domestic cargo passenger vessel
      FILE PHOTO  -  392 words
    • Article
      SHIPPING SCHEDULES INDEX
      243 32 PAGE Donqnama 3 ACL 6 ECl 5 AMI 3 Evergreen 6 Accord 8 FoonqSun 8 Appenship 5 Glinfc 4 Austral 8 Gemartrans 8 Balaji Shpq 4 HaiSunHup 8 BSA 7 Hanqli 7 B'tang Mas 8 Hanjin 3 CCNI 7 Heung-A 7 CMA 8 Hyundai 7 COSCO 5
      243 words
    • Article
      SHIPPING GUIDE
      20101 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VmH Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Number Number SIN Dest'n Name Name Number Number 22/12 U/01 Cho Yang PUNJAB SEN WN*52 45-*****12 To ABIDJAN (ABJ) 2003 Cot* D'I voir* 23/12 rr/01 Evergreen E GRADE 00*1-074*1 45-392im
      20,101 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        836 43 v VoyNo Berth Arrival Departure *****8 X alongside 01.12/0600 Bt l«tan I IKJ9S J01 alongside 01.12/0400 ««wt« *****8 JOI alongside 3011/1600 «J® nn 0798 J01 alongside 3011/2200 KT*na8»Ji N0V24 JOI atongsid* J0.il/23S9 Oooyangglory 1196 JK> alongside 0212/0600 2** '1/9® J15 alongside 01.12/1500 Miw Premium *****P J13 alongside 0212/0700
        836 words
      • Article
        CONTAINER SCEDULES
        1827 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Balance Rstls Sh, P VovNo Etb/Btr Period Fran To From Afci OhM coon 02/2300 M 30/1500 30/1459 30/1900 IB 30/1500 30/1659 30/1900 U 30/1700 01/0459 01/0900 21 30/1700 01/0459 01/0900 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 AI«I»iy* 2
        1,827 words
      • Article
        GLOBAL HOLIDAYS
        208 43 Deo 8 Austria: Ammuculate Conception Deo 12 Mexico: Virgin of Guadalupe (optional). Dec 23 Japan: Emperor's Birthday New Year Holiday. Dec 24 Finland: Christmas Eve. Dec 25 Netherland: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day.
        208 words
      • Article
        COCKETT BUNKER MARKET REPORT
        910 43 THIS report, compiled by Cockett Marine 0U Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average-sued stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        910 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        440 43 w WO Mu 990.2 0.6 17.4 0.10 55 0.04 26 OtnUty *«t>f llesMue m Aluminium S*d<m*ot No above £25 0 0 1 0 0 0 n/M MO 987.6 OJ 15.1 0.07 31 0.02 fin* 380 Mm 995.2 0.8 19.3 0.11 61 0 06 WW3 v/v N/M
        440 words
    • AIR&LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Swissair stands by MD-11 jets despite latest scare
        422 44 Chief executive plays down incident during which pilots reported smell in cockpit Reuters [ZURICH] Swissair remains committed to its fleet of MD--11 aircraft despite a problem last week that reminded many scared passengers of the September crash that killed all 229 people
        Reuters  -  422 words
      • Article
        Lock icon Beijing, Shanghai move to cut down on car pollution
        353 44 Chinese cities to implement strict rules on car emissions next year AFP [BEIJING] Beijing and Shanghai have announced stringent rules on car emissions to take effect from next year as the residents of its major cities go about their business shrouded
        AFP  -  353 words
      • Article, Illustration
        Lock icon In remembrance
        85 44 [NOVA SCOTIA, Canada] Family members of victims of the crash of Swissair Flight 111 embrace as they pay respects on the deck of HMCS Goose Bay at the crash site off the coast of Nova Scotia. About a dozen people from the United States who had relatives aboard
        REUTERS  -  85 words
      • Article
        Lock icon Nippon Express teams up with FedEx
        111 44 Reuters [TOKYO] Nippon Express Co Ltd, a major Japanese transport company, said yesterday it would start new courier services from December under a tie-up with Federal Express Corp, the world's largest air express carrier. The new services, called Document Courier and Cargo Jetpack, will
        Reuters  -  111 words
      • Article
        Lock icon Qantas creates two deputy chief executive officer posts
        154 44 Bloomberg [SYDNEY) Qantas Airways Ltd, Australia's largest airline, said it created two deputy chief executive officer positions after one of its senior executives retired. The airline said finance director Gary Toomey and executive general manager commercial Geoff Dixon have been appointed to
        Bloomberg  -  154 words
      • Article
        Lock icon Asian airline body calls for lower airport fees
        108 44 AFX-Asia [MANILA] The Asia-Pacific Airlines Association (AAPA) has called for lower airport fees and aeronautical charges to help the industry cope with the regional financial crisis. AAPA di-reetor-general Richard Stirland said airport charges and aeronautical fees had become a major cost for
        AFX-Asia  -  108 words
      • Article
        Lock icon China Airlines expects to break even in 1999
        349 44 Reuters AFX-Asia [TAIPEI] Taiwan's leading carrier China Airlines (CAL) said yesterday it would be able to break even in 1999 after big expected losses in 1998. CAL's new acting president Sandy Liu said the Taiwan dollar's appreciation and Asia's expected recovery would
        Reuters; AFX-Asia  -  349 words
      • Article
        Lock icon NZ, Germany agree on greater air service access
        271 44 Reuters [WELLINGTON] New Zealand and Germany have agreed to expand their air service pact to make more flights and destinations available for their airlines. New Zealand Transport Minister Maurice Williamson said yesterday. Flight frequencies for airlines using their own aircraft would be
        Reuters  -  271 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1865 44 CITY FU6HT ETA FU6HT ETP S***** 0935 IH6373 2355 Ab« Dhabi CV794 2300 LHT78 1650 S026 2355 MM M7381 1930 BA73B2 2050 255 JJJJ JQI S 0F81 1930 0FB2 2050 552 SEE! AN8229 2230 M73 S***** 2359 LH6380 2230 Wb W40 $0229 223Q fttm/U SOW 1730
        1,865 words
  • Page 31 Advertisements
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      19 31 Keppel Batangas' new drydock passes first assignment Keppel's Philippine drydock is the second biggest in the country. Page 2
      19 words
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      Page 31 Advertisements Column 2
      201 31 Visit us *t: OSEA 98 (1-4 Dec) I j Booth 4G4-3 Sun tec City gjijHM scales new height During the first attempt to conquer Mt. Everest by the Singapore Mt. Everest Expedition Team, the Nera Saturn B was an indispensable communication equipment to the team. It had provided them uncompromised
      201 words
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      Page 31 Advertisements Column 3
      308 31 Swissair stands by MD-11 jets despite latest scare Carrier plays down incident during which pilots reported smell in cockpit. Back Page Determine the Outlook for the Cruise Industry in Asia Explore new and traditional Source Markets for Cruising in Asia B^RnrrH Understand the unique design, Hmg|jH operations and supply requirements
      308 words
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      1135 32 N BULLETIN BOARD Emery Worldwide has appointed Peter Wales as general manager and director of Priority Fresh, its New Zealand joint venture providing freight services from New Zealand to markets such as Singapore, Hongkong, Japan, Europe and the USA. Mr Wales will be based in Auckland and report to a
      1,135 words
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      Page 32 Advertisements Column 2
      721 32 Ljnes 4 services represented !|©l; "Ambers olthe Registry of M SngapoUKS Orders XSm&y Accredited Shipping Agents. CjodU Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess Lily V 9798 29/11 30/11 9^12 Princess Lily V9N9B 21/12 22/12 29/12 LILY MARINE SERVICES SINGAPORE
      721 words
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      1073 33 I SAX SERVICE (DIRECT) vgsa vot swra lax oak pal hou ch col mem ah nyc AftGAWtT 007! 02/12 17/12 22/1? 22/12 23/12 22/1? 23/12 23/12 24/12 24/1? AWSHHa 007! 09/12 24/12 29/12 29/12 01/12 29/12 01/12 01/12 02/12 02/12 AftTWOUOtSt 021E 16/12 31/12 05/01 05/01 06/01 05/01 06/01 06/01
      1,073 words
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      Page 33 Advertisements Column 2
      2121 33 HANJIN SHIPPING HAIUIN SHIPPING (S) PTE LTD hrtp //-mm Horn* con IOOHHC 37M*****7 SALES 37M224 231 OOCUMfMT 37M771 274 OPttAIKWS 32*0241 252 MUM UK *****55 FA* 727WM dOO 11 534«3000QM |TO NW USA CANADA I USA CANADA*~ FDR VSL/VOY MM SM UNEHAU/VOY SEA~] TO DE* POX T~oi MSP PJT BIT
      2,121 words
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      Page 33 Advertisements Column 3
      622 33 VESSEL VOT_ _Sm_ PKG VOT SIN HUG KEI USN PUS [ffSSEt I VQY j SM4 1 PKG IvESSR I VOT I SIN I JCT I KNTC ULSAN HAS 27/11 04/12 04/12 01/12 00/12 [ffif |ins fiffl| IHTIIMftMSfKIWTntToIt^■ M/ 171 2/17 I agmm pits 20/11 01/12 ***** 02/12 w/w 01/12 n/u
      622 words
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      1489 34 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VESSEL VOT TH™ LtH HTM MB HAW MV FU VtSgL VOT SM «T SPE FOS W.C MTU PUOOMC SENATOR WN649 01 12 1712 11.11 28.12 2112 2212 2312 CAUFOfIMA SENATOR VKMS2 «J 12 20 12 22 12 23 12 2112 001 HANJIN GENOA WOOS2
      1,489 words
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      Page 34 Advertisements Column 2
      1036 34 fiMMi Carrier: MNCONTR LINES, INC 11 I ~l\/ J OWMQ.IWTIOOOWI SOU: (084)*****9 MAMLA: (632)*****24 PENANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA (31) *****0 P. KELAWG. (03) *****77 JKT. (21) *****07 MON: (61) *****3 KUCHNQ (082) *****1-3 DUBAI 1 PENANG/PORT KLAN6 MV "NORASIA GUIF" V.GWIOI MV "SEAUNK V.667N ETA SIN: 09-12-98
      1,036 words
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      Page 34 Advertisements Column 3
      660 34 LINE gy Jt TILi NkXi 1 MUABA LftBUAN vnsa vot no eta vissa vor no iu SPOtf MUAJU SPOH 1M STUITSHOPI V32/M 03/1? OA/12 STRAITS HOP! VIS/H 03/1100/1* CARAAA JNB-32 VIW/10 04/1J 09/12 (ARAM MO-3? Vl*/W 00/1110/11 STOAITS HOP! V 3*/« 14/12 17/12 STtAITS HOff V331/W 14/12 11/12 CAKAKA JNB-J2
      660 words
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      1351 35 VESSEL VOY SIN SIP PKG PEN PQB DUB SHJ BA BIK 1 IRANVAHDAT PJLI32S 08/12 03/12 18/12 17/12 19/12 21/12 T 12/12 22/12 21/12 23/12 28/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 08/01 IRAN BABAEI PJLI326 01/01 11/01 10/01 12/01 14/01 PQB= Mina Oaboot. OUB > Dubai. SHJ Sharjah.
      1,351 words
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      Page 35 Advertisements Column 2
      1912 35 IWic# Witkly to Evrop« Main Ports J Ivory Monday ond Saturday I Diroit to Browonhqvow tw 20 day» J I SSSf'MiSltfE 6 S«HTOH WAY TEL: 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOMORE OfFICEIXSiSXL* 420M W INWARDDCPT(D/0) *****55 COSTAR AGENCIES (M) SDN BND I^^O^J^SWOOOM^^TOWI»JWOJO6MO9)_ T/SHPMT DEPT *****2S TEL-02-07-35 ***** FAX:
      1,912 words
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      Page 35 Advertisements Column 3
      663 35 EASTERN CAR UNER, LTD. |Ai ia (SINGAPORE) PTI LTD I SPECIALIZE IN RORO HEAVY UFT UPTO 450 TONS I ECL (SINGAPORE) PTE UD LOAD NG FOR CHITTAGONG BANGKOK/YOKOHAMA MV "TIERRA AZUL" V.20 MV "GOLD MEKONG" V.16 ETA SIN 06/12/98 ETA SIN 09/12/98 ETA BKK 13/12/98 ETACTG 12/12/98 ETA YH 19/12/98
      663 words
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      1316 36 EUROPEAIK/SCAWDIWAVI A/FINLAND/RUSSIA C SGP RDM H> G THP ZEE LMV I LHV THP RDM ANW HBG PKL [IGP~ E DAINTY RW 008 OM2 28/12 28/12 27/12 21/12 25/12 30/12 IE RIGHT RE 036 12/11 14/11 13/11 1«/11 17/11 11/12 11/12 E DYNAMIC RW 002 13/12 02/01 02/01 03/01 044)1 01/01
      1,316 words
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      Page 36 Advertisements Column 2
      1092 36 j— ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil Street, #12-00, PIL Building. Singapore *****0 **Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL —————CR NO **********06 OPERATIONS: *****60/*****05 BANGKOK JAKARTA (Wrtly $l«s P»T/7 Sl|l LCH/1 Sl» MIT) (S toUlim/WMfc) vtssti voy ""sn kk vtssa voy sh jkt MAKM
      1,092 words
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      Page 36 Advertisements Column 3
      639 36 na> NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA ttSStl VQY SIN mi DU» II or w lUKTAJ QUEEX VO3IS 08/17 17/12 21/1? 24/1? 25/1? 21/1? NAMTAIDU6OK VOIQS 11/1? ?1/|? Ql/Bl 05/01 04/01 NANTAI PRINCE YO2tS 27/12 10/01 13/01 14/01 L NAMTAI VENUS V.031S 03/01 12/01 14/01 lt/01 20/01
      639 words
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      493 37 BSA4 'MR MYANMA mBBk FIVE STAR LINE W (Myonmar National Line) Loading for Yangon (Rangoon) vissu voy sin pki PfN POO PINT* 157 SU> SITTWI 83W SID MALAYSIA AGfNTS: BOUSTIAD SHIPPING AGfNCKS XUL Ttl (03)*****00 PKI: HI (03)*****01 PfN: TU (04)2****** P«J: HI (07) *****21/4 BANK LINE (A itrvlw of
      493 words
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      Page 37 Advertisements Column 2
      1465 37 HMNE= HYUNDAIMERCHANTMARINE CO-/LTD-IVBSa _VjOY_ SM SOU UH RTM ANT HAM~ MfV Ffl IVESSE VOTI SOU I 181 I «Tl> I AWT I MAI lIV I FS TT HYGONRAL 315W 30/11 16/12 17/12 19/12 22/12 TYW 5241 14/11 13/11 08/11 ToTll 01/12 5* £22 S 21/11 74/17 73/17 74/17 09/11 14/1
      1,465 words
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      Page 37 Advertisements Column 3
      969 37 fk norwogari specialized oukxomers \L__ g® B®®8®® TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE" IVISSII VQY RAMP HEIGHT SIH I LAI |«L [MIA SAV lAI QRF NYC NEW MOB TOURCOIN6 f824 4001 MS 6.3 M 15/12 09/0) WOl 21/01 23/01 25/01 26/01 27/01 01/12 OS/02 TAPKXA F9Ol 4001 MS
      969 words
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      872 38 ■AMQKOK/ MAP TA PHUT/ LAEM CHABANO JAKARTA/PAN J ANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN CHANA BHUM" 46N IN PT 04/12 ANRO GOWA' 061 IN PT 05/12 I BHUM 261N IN PT 05/12 04/12 GURU BHUM 106S 02/12 06/12 I NANTA BHUM" 422N 02/12 05/12
      872 words
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      Page 38 Advertisements Column 2
      604 38 1 1 INDONESIA NATIONAL LINE 1 TO EUROPE I EXPRESS SEMj-COHTAiNERISED SERVICE H wt vor I 4'PAM/t'DAH M'lUtC ItUMM mnmr -I «msil I 13/1? If/It ts/lt OMIT >S/>1 J TO AUSTRALIA 1 FULL COWTyEB SERVICE -I YSt IyPTIrKO MN Im I ihi I srp IM&I hm I I m I
      604 words
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      Page 38 Advertisements Column 3
      882 38 VESSELS I VOY ISW I PKL I MU I LfH I RTM HW ZH SOT VM-LE POWON V»W 01/12 02/12 14/12 21/12 a/12 zim 23/12 28/12 f VRJ-E 06 MM4QSA V29W 06/12 Wl2 21/12 28/12 29/12 30/12 OVOI VLLED6 TANYA T29W 15/12 16/12 28/12 DWI Q&QI avoT VLLE OE TAURUS
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      Page 38 Advertisements Column 4
      15 38 CONVENTIONAL/BREAKBULK SERVICE LOADING FOR BOMBAY M.IIH LOAOINO FOB DUBAI/ABU DHABI 05.12.98 lOADINO FOB MADBAS/CNKNNAI 08.12.98
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      Page 39 Advertisements Column 1
      51 39 ®New Service to Middle East MEXICAN LINE TRANSPORTACION MARITIME MEXICANA, SA de CV. Wan Ha j Is Now with 1 3 Ben Line Agencies on Page 8 Page 5 /1 f f New Service to Calcutta/Haldia direct service to Calcutta Shipping SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) Pa e 12
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      Page 41 Advertisements Column 1
      49 41 STEaT|Dial 740-6000 Oil —Br (Retrieve more schedules!) Press "1" CT Select the port and key in STBKS the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by CTEtt document Wi 11 be I SHIPPING TIMES 'VfjSZSZ.
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      Page 42 Advertisements Column 1
      140 42 f FREE Reader Enquiry Service cut out and Fax to 65-*****29 HgHlHuKnlinißsl Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      136 43 I—FHTo M :-f:V7T7^IM LEGEND R Thunderstorm Temperature o Q A, V Shower Weather -V Wind direction with speed m knots Rom Cloudy Sky Wove height Surface winds ore mdicoted by arrows which fly with the wind Cl) One fufl circle represents calm hght ond vonoble w,nds i__ One hotf fleche
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      Page 44 Advertisements Column 1
      102 44 -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week Call 40-6000 Press "1" key in Document Code Key in fax number Enter your phone number < v mRLPAsia9B Document Code The 12th Offshore South East Asia T The 4th AtUn International Refln.no
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      Page 44 Advertisements Column 2
      12 44 jDy.k From i December, we're making S IEP-3' TRACKS FOR SAN FRANCISCO.
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