The Business Times, 3 December 1998
1998-12-03
1
40
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The Business Times
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Title Section10 1998-12-03 1 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, DECEMBER 3,199810 words
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Article61 1998-12-03 1 Dsn mm iron U «4JH (+3.56) 9MSCIFDTUIES 207.77 (+1.06) HKf STOCK MAKET INDICES Mf w eoncsoay LuMpB KL8K OOMP M7fi NIKKH I4*W»_>1§UI HANO SENO 1MK78 +71* SCTINDBX MLIS I1M JAKARTA OOMP _JNJC MAWLA COUP UM 4k1t TAIPH WPI 7.IS7H «U» SKOULCOMP MM CL8A CHINA B MU7 4.71 AUST61 words
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Article74 1998-12-03 1 FOBEX SATES ust St USS MM £(USS/SSpef I) MM 2.7X7 DM UBS U7t YKN ttlJ MM* mi MH nn HKS 7.7M Ull BAHT 91.08 MM BUPIAH 7,474 IU' •at+mwm PUKE SATES SINGAPORE* Ml KUALA LUMPUR 11.88 JAKARTA 18 JO BANGKOK 14.75 MANILA BJO HONGKONG W.25 TAIPEI MS SYDNEY U74 words
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Article, Illustration871 1998-12-03 1 Clarissa Tan R Sivanithy - Property stocks see bnrst of early buying all eyes now on more interest rate cats By i Clarissa Tan R Sivanithy [SINGAPORE] The benchmark three-month Singapore interbank rate again sank below 2 per cent yesterday, raising expectations of further cuts in domesticSource Bloomberg - 871 words
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Article83 1998-12-03 1 Reuters [NEW YORK] After a limp rebound on Tuesday, the Dow Jones Industrial Average took another hit yesterday as it shed well over 100 points in noon trading. Putting pressure on blue chips was another wave of profit-taking In the technology sector andReuters - 83 words
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463 1998-12-03 1 Russell Baker - From Russell Baker in Sydney THE Reserve Bank of Australia (RBA) surprised analysts with a 25-basis-point cut in official interest rates yesterday despite the fact that the economy is expanding at an impressive annual rate of 5 per cent.463 words
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Article484 1998-12-03 1 Nomura to float its British pubs in three years FT Bloomberg [LONDON] Nomura International, the Japanese investment bank that became the UK's largest pub landlord last year, is to put most of its pubs into a company that will seek a stock marketFT; Bloomberg - 484 words
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Article, Illustration968 1998-12-03 1 Ronnie Lim - »y Ronnie Lim [SINGAPORE] The 1,900 employees in the Singapore offices of Exxon and Mobil were "only just starting to come to grips" as one insider put it with the startling news of the oil industry's biggest merger yet. At separateREUTERS - 968 words
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479 1998-12-03 1 Conrad Raj - KL BrfliMgf appoints CDP as temporary authorised nominee By i Conrad Raj [SINGAPORE] The Kuala Lumpur Stock Exchange's announcement yesterday that it has appointed Singapore's Central Depository Pte Ltd as a temporary authorised nominee for Malaysian shares previously traded on Clob International479 words
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Page 1 Advertisements
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Advertisement152 1998-12-03 1 IMMIDH Van der Horst yesterday reported a whopping |222 m loss that was five-and-a-half Hnv* the of its group turnover of $4&2 m for the financial year ended Sept 30,1996, P*l7 TfceiMitant Time to review the diesei policy, writes Christopher Tan, P|W, nam n|H IfiMMi m htmi Indonesia's President B152 words
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Advertisement146 1998-12-03 1 Mora wportt New giant dethrones Shell in S'pore, Pg 2 More oil mergers in the pipeline, Pg 19 Sad tale of oil and commodities, Pg 13 Liberate your telecommunications and 4. your mind wi 11 foil o w. > Imagine a company that can take you beyond f conventional approaches146 words
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SINGAPORE AT HOME & ABROAD
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432 1998-12-03 2 Audrey Tan - Trade with M'sia, Thailand, Brunei, Philippines down 12% in Jan-Sept By. Audrey Tan SINGAPORE'S trade and investment flows with Asean countries have slowed significantly this year, but the Trade Development Board -(TDB) says there may be a turnaround in 1999.432 words
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470 1998-12-03 2 Soh Tiang Keng - Group boosts fands under management in S'pore to $1.4b By! Soh Tiang Keng THE CGU insurance group, which has increased its funds under management here by 2.5 times to $1.4 billion in the past Ave months, has been granted OHQ (operational headquarters) status in470 words
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Article, Illustration424 1998-12-03 2 COUNTRIES which have the most economic freedom tend to fare better in economic crises, said Ed Feulner, president of The Heritage Foundation. In town yesterday to announce the details of the 1999 Index of Economic Freedom, Mr Feulner pointed out a correlationSIEW YAW HOONG; Source: the Heritage Board and The Wall Strèt Journal - 424 words
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Article, Illustration309 1998-12-03 2 Audrey Tan - EYE ON THE ECONOMY Prices By, Audrey Tan SINGAPORE'S terms of trade (TOT) took a turn for the worse in October, as export prices fell 4.6 per cent year-on-year, latest figures from the Department of Statistics (DOS) show. While import prices also fell by 2.6Source: Dept of Statistics - 309 words
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397 1998-12-03 2 EXXON'S TAKEOVER OF MOBIL THE new giant Exxon Mobil Corporation (ExxonMobil) resulting from the merger of US companies Exxon and Mobil, will dwarf its competitors here, as elsewhere. It will control over half the oil refining capacity in Singapore which397 words
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Article, Illustration641 1998-12-03 3 Siow Li Sen - Unusually high short positions built op this year could taul to price jump By I Siow Li Sen AS one of the most eventful years in decades draws to a close, Singapore's rubber community heaves a sigh of relief that most haveFILE PHOTO - 641 words
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386 1998-12-03 3 Rahita Elias - By Rahita Elias LOCAL conveyor-belt sushi chain, Sakae Sushi, will set up its third outlet next month and has plans to franchise its operations in the long run. Douglas Foo, managing director of Apex-Pal International which owns and runs the restaurants, told BT386 words
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274 1998-12-03 3 INTERNATIONAL passports Issued after September next year will have new enhanced security features, the Singapore Immigration and Registration (SIR) said yesterday. SIR also said Singapore restricted passports will not be issued after Jan 1 next year due to a decline in demand for274 words
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Page 2 Advertisements
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Advertisement121 1998-12-03 2 e Cashmere in leather. Or how to advertise your Christmas bonus. I jT m ft 1^ 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 in121 words
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Advertisement11 1998-12-03 2 The Business Times C J a vvm Shipping times a week11 words
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Page 3 Advertisements
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Advertisement89 1998-12-03 3 Wc 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. For89 words
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Advertisement231 1998-12-03 3 1 5M I v Technically speaking. Fraser Suites isn't a concert hall or amphitheatre. Certainly. its desujners didn't design it for a mass audience in mind. Rather, as a premium serviced residence for the discerning corporate traveller. That, however. C didn t stop it from becoming a marvel of audio231 words
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FOCUS: PROPERTY
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310 1998-12-03 4 Marissa Chew - Shaw Plaza has 132 apartments, pins cineplex, shops By] Marissa Chew [SINGAPORE] Cineplex operator Shaw Organisation will launch its residential and retail development at Balestier Road soon. The development, called Shaw Plaza, will yield 132 apartment units, three levels of retail shops,310 words
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Article, Illustration272 1998-12-03 4 [SINGAPORE] Gone are the days when people queued up for executive condominiums as though they were being given away. These days, developers of ECs have had to go all out to sell their product. But that can have its upside. Pidemco272 words
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364 1998-12-03 4 Ang Wan May - Freehold project may be launched at end of year with $950 psf price tag By. Ang Wan May [SINGAPORE] SMALL freehold development Balmoral Springs is expected to be launched at some $950 psf at the end of this year. Most of the apartments in364 words
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Article765 1998-12-03 4 Property transactions for districts 9 and 10 (sectors 22 to 23 and 24 to 27) lodged between Oct 24 and Nov 28 "2? """ssi tbm)| a T psf iiWfPPlt TYPE DATE LAND AREA' (SOFT) (STOOOI (S| District 09 AirviewTwr Apt 9/4/98 ""S 1496 660 454 Aspen Ht Apt765 words
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Page 4 Advertisements
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Advertisement71 1998-12-03 4 Saturdays Off the cuff by Jaime Ee TheßusinessTimes W J tLji mbf I K, Kfc.. jr •'TV A I J I Read The Busin— Times for JbT I the know-hows on: vPIN I Classy gifts for grown upe and f •The magical world of books. ■jy^H| What are in the71 words
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Advertisement16 1998-12-03 4 ffi;JLW Investment 22Q 3888 CB Richard Ellis Factory CBD Richard Ellis Office CB Richard Ellis Industrial16 words
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Advertisement29 1998-12-03 4 I Mondays TheßusinessTimes FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified Service29 words
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Page 5 Advertisements
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Advertisement19 1998-12-03 5 Introducing Ka from the World of Ford. v^">^; Hp AWhole New Attitude. Have you driven a ford lately? I19 words
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Advertisement173 1998-12-03 6 ONE FAMILY, NOW ONE NAME. <x> Hongkongßank <z> <z> Hongkong Bank Malaysia Midland Bank <X> <I> Forward Trust Hongkong Bank of Canada ci> <z> HSBC Insurance HSBC Banco Roberts I I <z> HSBC Markets Marine Midland Bank <J> Hongkongßank of Australia HSBC Bamerindus <z> <z> HSBC Investment Banking The British173 words
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ASIA'S ECONOMIC SLUMP
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309 1998-12-03 7 Loh Hui Yin - Contracts bought in Aug intervention; gain's in addition to HKs3ob paper profit in stodLS From Loh Hui Yin in Hongkong THE Hongkong government made a tidy pile of about HK$35O million (5574.5 million) from its trades in Hang Seng Index (HSI)309 words
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Article, Illustration223 1998-12-03 7 AFP [SEOUL] The International Monetary Fund (IMF) is ready to allow South Korea to delay the first repayment of its bailout loans extended a year ago, a senior IMF official said yesterday. Hubert Neiss, Asia-Pacific director of the IMF, said in an exclusiveAFP - 223 words
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439 1998-12-03 7 Economy close to bottoming out, Q1 next year will be turning point: official Reuters [WASHINGTON] The worst is over for Thailand's troubled economy and the onetime tiger economy should return to growth next year, a senior official from the International Monetary FundReuters - 439 words
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284 1998-12-03 7 AFP [JAKARTA] The gradual merger of four ailing Indonesian state banks into a new single unit, Bank Mandiri, is expected to be completed before the initial deadline of two years, a minister said here yesterday. "The (merger) steps wouldAFP - 284 words
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514 1998-12-03 7 Development banks seek to resume sale of HK$ bonds Bloomberg [HONGKONGI Four of the world's biggest development banks have asked the Hong Kong Monetary Authority to scrap a restriction on the sale of short-term Hongkong dollar bonds. Treasurers from the World Bank,Bloomberg - 514 words
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527 1998-12-03 7 Meera Tharmaratnam - From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S asset management company Danaharta yesterday took another step towards cleaning up bad loans in the banking system saying it will buy up nearly one billion ringgit (***** million) in gross loans from three banks and527 words
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321 1998-12-03 7 Reuters [SINGAPORE] Recent bullruns in Asia's asset and currency markets may peter out soon and weakness may return by the year-end, Barclays Capital said yesterday. "Some recent developments suggest that this bullrun on Asia may be nearing a close sooner than we hadReuters - 321 words
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Advertisement73 1998-12-03 7 1 ft I" Ui e i 8 i jjsi M JNj 1 r Available at BOSS Shops at Ngee Ann City, Suntec City and Isetan Scotts 5 All Watches at Lucky Plaza Wisma Atna, Deluxe Eastern at Centrepomt, Precious Time at Chinatown Point, Sincere Watch Duty Free at Airport T2,73 words
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SOUTH-EAST ASIA
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254 1998-12-03 8 KUALA LUMPUR Reuters Legislators representing a global rights watchdog yesterday condemned the Malaysian government over a jailed opposition leader, adding to international criticism of ifuala Lumpur's rights reoord. Representatives of the the 3uman rights committee of le Inter-Parliamentary pnion (IPU) said Malaysian authorities hadReuters - 254 words
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Article, Illustration675 1998-12-03 8 ANWAR'S TRIAL Warrant to arrest lawyer Maqjeet Singh cancelled after he apologises AFP [KUALA LUMPUR] A key witness in the trial of ousted Malaysian deputy premier Anwar Ibrahim finally took the stand yesterday, sticking by his allegations that he was sodomisedAFP - 675 words
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280 1998-12-03 8 KUALA LUMPUR He says some Umno members may join as benefits have rim out AFP MALAYSIAN Prime Minister Mahathir Mohamad has challenged .a budding pro-reform m<4Kpnt to form a political paiipio stand in the next elections, a report said yesterday. "If theyAFP - 280 words
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247 1998-12-03 8 SYDNEY Business, defence figures behind govt-backed effort AFP A PLAN to help rebuild the Indonesian economy Is being mounted by influential Australian business, defence and government figures backed by some of the country's most successful companies, a report said yesterday. The effort couldAFP - 247 words
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180 1998-12-03 8 KUALA LUMPUR Bloomberg MALAYSIA warned companies not to exaggerate their profit or loss in 1999 in order to benefit from the government's rule to waive taxes in that year. "We have received reports that there are companies that will boost their profit figure"Bloomberg - 180 words
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415 1998-12-03 8 JAKARTA He cites 94% turnout at last year's general election Bloomberg Reuters AFP INDONESIA'S President B J Habibie said he would ignore street protests to push through political reforms at his own pace, since his government was legitimised by the highest legislativeBloomberg; Reuters; AFP - 415 words
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166 1998-12-03 8 ■JAKARTA AFP INDONESIA'S government will accord high priority to the provision of social safety nets in the state budget for the fiscal year starting April, National Development Planning Minister Budiono said yesterday. He said the provision of social safety nets "remains" aAFP - 166 words
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NOTE Book
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67 1998-12-03 8 Reuters [BANGKOK] Thai Prime Minister Chuan Leekpai said yesterday he was concerned that delays to promised economic reforms designed to facilitate foreign Investment wouid hurt foreign investors' confidence in Thailand. He told reporters that although Thailand had survived the worst of its recent economic crisis,Reuters - 67 words
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100 1998-12-03 8 Reuters [JAKARTA] Indonesia's rice production in 1960 could be as high as 54 million tonnes because ofgood weather and a mild dry season, the official Antara news agency reported yesterday. "Next year's production will stand at 52-54 million tonnes because of the conduciveReuters - 100 words
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87 1998-12-03 8 AFP [MANILA] The Philippines can expect zero growth or worse for its garments and textiles industries which are being squeezed out by tight credit and foreign competition, an industry official said yesterday. "We have the market, the orders are coming in but unfortunately, we don't haveAFP - 87 words
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Page 8 Advertisements
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Advertisement57 1998-12-03 8 iH ALFRED DUNHILL LONDON I The AD 2000 Carbon Fibre Fountain Pen The New Autumn/Winter 1998 Tie Collection The CirvScAFE Leather Collection The New Baby Faceted Watch For Women hr^ I I I I I I I RAFFLES HOTEL ARCADE THE PARAGON NGEE ANN CITY OUB CENTRE SOGO RAFFLES CITY57 words
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Advertisement183 1998-12-03 9 >a v ,ifci 1 r MMSL mr »nn 'JF r/ Xjß e* gi+jm A I i iP^^h mm m V I Wi K lfß| S_\ i i| Li I o n| i co) —h m ML 7. I I lUnf ?L Q. Jl i T» W ■I M Jfl Bw.v183 words
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CHINA-HONGKONG-TAIWAN
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Article, Illustration373 1998-12-03 10 SHANGHAI Size of banks' funds would mean unfair competition, says Parliament chief Reuters AFP CHINA'S planned securities law would ban banks from trading on the securities market, the official Shanghai Securities News said yesterday. The Asian financial crisis had shown theReuters; AFP - 373 words
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467 1998-12-03 10 LONDON USssoom bonds will be listed in HE and Luxembourg Bloomberg CHINA plans to sell international bonds for the first time in a year as a way of proving that it won't devalue its currency, the yuan, Jin Liqun, China's Vice-Minister ofBloomberg - 467 words
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264 1998-12-03 10 SHANGHAI Reuters AFP CHINA has turned to reforming small state-owned enterprises as part of a broad plan to pull the ailing state sector out of losses, the official Shanghai Securities News said yesterday. Small firms made up the majority of China'sReuters; AFP - 264 words
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Article, Illustration740 1998-12-03 10 Lu Ning - CHOI A WATCH Both Tokyo and Bering need to do some urgent damage control By Lu Ning FOREIGN relations is one area China's leaders traditionally feel quite safe about. A governmentcontrolled domestic media can be counted upon to put them in740 words
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213 1998-12-03 10 HONGKONG AFP HONGKONG remains committed to the free market and to trade liberalisation. Chief Executive Tung Chee-hwa said yesterday. Mr Tung made the pledge a day after the World Heritage Foundation warned that Hongkong would cede its title as the world's freest economy,AFP - 213 words
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Article, Illustration432 1998-12-03 10 TAIPEI AFP TAIWAN'S opposition parties have stepped up attacks on the ruling Kuomintang ahead of Saturday's key elections already marred by violence, mud-slinging and vote-buying allegations. The largest opposition Democratic Progressive Party has screened television advertisements accusing the na tionalist partyAFP; REUTERS - 432 words
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250 1998-12-03 10 it taipeF r AFP FIVE Taiwanese petrochemical firms plan to invest a combined NTSIOO billion (Sss.l billion) in a joint-venture naphtha cracker with a Chinese partner, an investor said yesterday. The five companies USI Far East, Grand Pacific Petrochemical,AFP - 250 words
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SINO Briefs
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64 1998-12-03 10 Bloomberg [HONGKONG] China International Capital Corp, a joink venture between Morgan Stanley Dean Wittefc and China Construction Bank, has hired Levin Zhu, the $on of Chinese Premier Zhu Rongji. He holds a doctoraldegreg and is general manager of CICC's Hongkong office, iter.; only operationBloomberg - 64 words
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57 1998-12-03 10 Bloomberg [TAIPEI] Victor Taichung Machinery' Works wiliget j assistance from a government-backed task force after ft; I defaulted on more than US$B.7 million (Ssl4 million) m share trades last month. Creditor banks will provide a six-month debt rollover to the machine tool maker Whose.;Bloomberg - 57 words
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59 1998-12-03 10 AFP [SHANGHAI] More than 50 per cent of foreign-investedl f >, fu-ms here report losses the official Business News said yesterday. Losses averaged U*****,500 last year. But the article said two-thirds of the firms were either illegally shipping profits overseas or foregoingAFP - 59 words
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63 1998-12-03 10 Reuters [BEIJING] Nearly 200 Chinese dissidents yesterday appealed for the immediate release of three key members of a fledgling opposition party detained by police in Beijing's latest crackdown on organised dissent. Two student leaders of the ill fated 1989 demonstrations began a 48-hour hungerReuters - 63 words
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Advertisement17 1998-12-03 10 J 1 if Contact Everyone You Keed To Know Wutl One Lo(:al Ca\ll i 1 y 917 words
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ASIA
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269 1998-12-03 11 CANBERRA Bloomberg AUSTRALIA'S government will protect carmakers and retailers selling luxury or high priced goods from slumping demand when it reforms the taxation system and reduces prices for those items. The protection's especially important for Australia's vehicle makers which sell 4bout halfBloomberg - 269 words
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432 1998-12-03 11 WASHINGTON Washington won't bar aid or loans, including from IMF, for one year AFP UNITED States President Bill Clinton partially waived sanctions imposed on India and Pakistan after they conducted nuclear tests in May, as Pakistani Prime Minister Nawaz SharifAFP - 432 words
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Article, Illustration78 1998-12-03 11 [NEW DELHI] Visitors looking at computer products at afbur-day Comdex India trade show in New DeUii yesterday. India will set up a national venture capital fund, enact a cyber law, and allow private investors to set up technology parks to spark softwareREUTERS - 78 words
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237 1998-12-03 11 NEW DELHI Reuters THE Bharatiya Janata Party will not oppose a decision by Prime Minister Atal Behari Vajpayee's cabinet to open up the domestic insurance industry, a senior party official said yesterday. "If the cabinet takes a decision the partyReuters - 237 words
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518 1998-12-03 11 Rajendra Bajpai - Key bills may be delayed if govt faces mid-term polls From. Rajendra Bajpai in New Delhi INDIA'S just-concluded state election results have sent the country's businessmen into a tizzy and opened up possibilities of new political alignments as well as mid-term elections. The518 words
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Advertisement16 1998-12-03 11 Sing Tel World Conference Make distance presentations without going the distance. C'.na j. UmIM WoRLDCoNFER £^^^^^^^^^^^^^^Sl!ffßHill!B!ffSSwfiiPwfWWPW16 words
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THE WORLD
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587 1998-12-03 12 MOSCOW But Camdessus gives no clear commitment to future credits; IMF team due in Jan Reuters RUSSIA may receive further support from the International Monetary Fund (IMF) early next year if the government presents credible and pragmatic economic policies, IMF managing director MichelReuters - 587 words
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Article, Illustration587 1998-12-03 12 WASHINGTON Bloomberg MICROSOFT Corp chairman Bill Gates derided "ironies" in the antitrust case against his company, saying the government's lawsuit seeks to force consumers to pay more for Internet technology to surf the Web and protects companies that already have inflatedBloomberg; FILE PHOTO - 587 words
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196 1998-12-03 12 REDMOND, Washington Bloomberg MICROSOFT Corp said worldwide membership in its free Hotmail service surpassed 30 million, reaffirming its position as the biggest e-mail service in the world. It said Hotmail added twothirds of those members since Microsoft bought the service for an estimated US$45O millionBloomberg - 196 words
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465 1998-12-03 12 WASHINGTON Proposal gives euro bloc its own seat at G-7 meetings Reuters THE US administration reacted coolly on Tuesday to plans by Europe to boost its influence at Group of Seven meetings, indicating strong resistance to any changes in theReuters - 465 words
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293 1998-12-03 12 LONDON AFP BRITAIN'S Labour government this week entered its first serious confrontation with the European Union since taking power 18 months ago with a pledge to improve London's relations with Brussels. Despite Prime Minister Tony Blair's campaign to get Britain deeperAFP - 293 words
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WORLD Watch
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81 1998-12-03 12 AFP [BELFAST] Fresh hopes for a breakthrough In the Northern Ireland peace process emerged yesterday when Prime Minister Tony Blair's office announced he would fly to the province. The visit raised speculation of an imminent deal to inject renewed momentum into the implementationAFP - 81 words
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Article, Illustration70 1998-12-03 12 Reuters [MIAMI] Collector Rick Herman holding a 4,000-year-old mummified hand which belonged to an Egyptian princess. The hand, which belonged to a Nubian princess of Egyptian King Merenre of Kerma, was cut off as punishment for the crime of feeding the poor. The princess will onceReuters - 70 words
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123 1998-12-03 12 Bloomberg [MOSCOW] Russian central bank chairman Viktor t Gerashchenko said the aim of the bank's monetary policy next year will be to slow the rate of inflation and increase foreign currency reserves while printing more money to pay wages. Mr Gerashchenko predicted the annual iBloomberg - 123 words
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130 1998-12-03 12 Reuters [MOSCOW] The lower house of the Russian Parliament yesterday passed a resolution demanding that Kremlin doctors present to the chamber a medical report on President Boris Yeltsin's health. A total 0f247 deputies of s the opposition-dominated State Duma voted for the non-binding resolution onReuters - 130 words
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Page 12 Advertisements
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Advertisement43 1998-12-03 12 j -y."-'. jtf&+ > i^J^B^Hs^^^WfVVfMrv^TrT/ ]'ni JH '^TraSaiws Festivities, shopping for presents, a whirl of wining and dining our 12-page Christmas special shows you how best to celebrate the season in style, and without too much stress Free with your copy of BT IWAM:I:MVI43 words
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EDITORIAL & OPINION
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Article, Illustration818 1998-12-03 13 Tom Plate - THE BOTTOMLDIB OPINION By Tom Plate J Tom Plate teaches in the University of California at Los Angeles' Communication and Policy Studies Programme THERE'S a lot of depression about the Asian recession. Take, for instance, pes-simist-in-chief George Soros, the billionaire hedge fund818 words
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Article102 1998-12-03 13 A year ago, people were asking how Australia could avoid recession with six of its eight trading partners in recession. The answer is low interest rates and a falling currency.' Dennis Mahoney HNP Australia strategist, on the booming economy. It s a bit like having Adolf Hitler102 words
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Article627 1998-12-03 13 EDITORIAL GEORGE Soros, the age's most successful speculator, has again warned that the world is heading into a depression unless international finance is reformed, soon. Does this mean the current signs of renewed confidence in financial markets are a mirage? The fact is, the recovery of627 words
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Article, Illustration1013 1998-12-03 13 Louis Uchitelle - Move is a bid tocut costs and snstain profits in period of foiling prices By] Louis Uchitelle NYT FOR all the wealth of Exxon and Mobil and all the market power inherent in their announced merger these two oil giants are essentially purveyorsNYT; FILE PHOTO - 1,013 words
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Article, Illustration564 1998-12-03 13 Tan Chin Hwee - MAILBOX Tan Chin Hwee THE world seems to concentrate on Japan as the key nation in helping Asia recover. Certainly, Japan is important to the survival of Asia: 30 per cent of cross-border claims in Asia are by Japanese banks and about 20 per564 words
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Article381 1998-12-03 13 Siring cUnutte of distrust INDONESIA had barely begun to recover from the shock of the deadly riots that swept Jakarta's Ketapang neighbourhood on Sunday, Nov 22, before another blow jolted the nation. On Monday, thousands of people rampaged through the streets of Kupang, the provincial capital381 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1137 1998-12-03 14 VIVIAN E KELLY - Casual Fridays has become a given in many workplaces in the US. But it is not without its problems, executives tell vivxa* e kellt VIVIAN E KELLY LAT-WP YOU'VE heard of Casual Friday? Welcome to Casual Every Day. Nine out ofLAT-WP; FILE PHOTO - 1,137 words
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Article, Illustration392 1998-12-03 14 HEALTH Study challenges belief Caucasians most likely to get bone fractures Reuters [SAN FRANCISCO] Asian, Hispanic and American Indian women may be at greater risk in developing the bone thinning disease osteoporosis than their Caucasian counterparts, according to a new study released on Monday.Reuters; FILE PHOTO - 392 words
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Article, Illustration766 1998-12-03 15 Denis Horgan - PURSUITS Season's shopping trips with women are hardly a bargain for men By Denis Horgan LAT-WP [HARTFORD, ConnecticutJ They are the hollow-eyed souls, sitting ashen and dispirited. Waiting with empty, chalky hearts. Staring deep into nothingness. Woeful. Granite smiles and shallow sighs. There they are.LAT-WP; FILE PHOTO - 766 words
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Page 14 Advertisements
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Advertisement1096 1998-12-03 14 DOVECHEM TERMINALS HOLDINGS LIMITED (Incorporation In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dovechem Terminals Holdings Limited (the "Company") will be held at 19 Tanjong Penjuru, Singapore *****1 on Thursday, 17 December 1998 at 11.30 a.m. for the following purposes: AS1,096 words
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Advertisement541 1998-12-03 14 M THE MATTER OF THE COMPANIES ACT. CHAPTER SO ANO IN THE MATTER OF KYLER ENTERPRISES PTE LTD (MEMBERS' VOLUNTARY MNOMG UP) At an Extraordinary General Meeting of the abovenamed Company held on 27 November 1996, the following Resolutions were duly passed:SPECIAL RESOLUTIONS RESOLVED that the Company be wound up541 words
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Page 15 Advertisements
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Advertisement476 1998-12-03 15 Where to wine, dine and entertain... €nSfcfr "1212T 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. M Si II IfNVVI HWrtt awfcr Mon Chicken Rice $8.50 $1.00476 words
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Advertisement87 1998-12-03 15 HP ■■lilnPy 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 For only SB.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 day.87 words
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Page 15 Miscellaneous
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Miscellaneous783 1998-12-03 15 TV&RADIO tmwm* Mm 2.30 PM TV Innovations. 4.00 Kidz Blitz: Sesame mmW k' I 5.00 Kidz Blitz X'mas: Romuald The Reindeer. 'fl lUO Captain Zed And The Zee 6.00 Teletubbies. 0.30 Little Bear. 7.00 Holiday: Big Red Boat/ Oxford. wrM WH 8.00 Earthvisions W National Geographic -M Specials 1998: Dragons783 words
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Miscellaneous255 1998-12-03 15 CBYPTIC CROSSWORD umai 7 Take out a line time can be allowed (9) 8 Polish woman requiring quarters (5) JBL_HIJBL_HL__^h!_J sented (6) Ha Hi jHf Hi |hi |hJ 12 A port some sailors dread en- —PH 15 Greek maid serving a oelebration meal (7) HB~~HB ■Bh|^v —UmJ —WJ 17 Lacking255 words
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MOTORING
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Article, Illustration596 1998-12-03 16 Christopher Tan - OOMKBIVTAST As the fael gets cleaner and more efficient, high taxes can be removed and the ERP substituted as a control mechanism By Christopher Tan WHILE we're in the mood for change, now is as good a time as any to re-examine the596 words
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209 1998-12-03 16 [SINGAPORE] Comfort Transportation, Singapore's largest taxi operator, will equip its cabs with a new six-in-one cashless payment facility from next August. Unlike other cashless modes now in use, Comfort's facility will be the first in the industry to accept a variety209 words
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Article, Illustration269 1998-12-03 16 [SINGAPORE] MercedesBenz distributor Cycle Carriage has brought in a couple of left-hand drive models of the new S-class, and will start collecting orders this weekend four to five months ahead of the actual product launch. In what trade observers say is269 words
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422 1998-12-03 16 [SINGAPORE] Demand for light commercial vehicles, which is expected to fall in line with the shrinking global automotive market, will revive faster than that for cars. According to a recent report by The Economist Intelligence Unit, the light commercial vehicle market (comprising models 3.5 tonnes422 words
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Article, Illustration577 1998-12-03 16 Christopher Tan - It must convince buyers here that its cars are worth a premium pricing All reports by Christopher Tan [SINGAPORE] FEW battles for motor franchises in recent years have created as much stir as the one for Volkswagen. Contenders included big listed groups, foreign players, and577 words
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251 1998-12-03 16 [SINGAPORE] European brands other than MercedesBenz and BMW will have to share distributors if their local partners are to survive, according to a Renault executive. Perhaps the first representative of a manufacturer to openly say so, Renault AsiaPacific area manager Eric251 words
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352 1998-12-03 16 [SINGAPORE] Fiat Auto, the car unit of Italy's largest automotive group and one of the world's top 10 producers, has once again set up an Asian representative office after shifting out in 1993. The move is "to complement the352 words
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BUMPER to BUMPER
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Article124 1998-12-03 16 VOLKSWAGEN Group sold 312,000 cars in the Asia-Pacific for the year to end-October, practically unchanged from last year despite the economic crisis. Its market share, however, rose one point to 5.4 per cent China, where VW has 68 per cent market share, posted a 6124 words
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82 1998-12-03 16 PORSCHE and Saab distributor Trans Eurokars' new 15,220 sq m facility in Sungei Kadut boasts a full-fledged training centre to be used by the two manufacturers for technicians in the region. The $23 million facility (including land cost) is expected to save Trans Eurokars 1082 words
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Article, Illustration94 1998-12-03 16 THE C 3 concept (above) is proof that Citroen has not lost its individualistic, if quirky, design. The size of Mercedes* A-class and shape of VWs Beetle, theC3 boasts innovations such as door-side compartments that double as removable handbags, two-way seats (they can face each94 words
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Article64 1998-12-03 16 GERMAN car-seats maker Recaro has set up a plant and regional headquarters in Shah Alam. The facility, which churns out about 50 seats a day, will up the local content to SO per cent from the current 30. This year, Recaro's worldwide sales are expected64 words
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51 1998-12-03 16 MAZDA has developed a fuel-cell electric vehicle. Based on the 121 Demio, the car is powered by a system that generates electricity via electro-chemical reaction, and produces harmless water as a by-product. It has a top speed of 90 kmh and a range of 17051 words
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Article61 1998-12-03 16 THE Mercedes-Benz M-class, a monster hit in the US, is here. What does it have that other current sport-utility vehicles don't? Check out its four-wheel electronic traction system, a low-range gear (which allows the lowest crawl speed in its class), and independent suspension The 3.2-litre, the61 words
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Article50 1998-12-03 16 Christopher Tan - CnmpiliH by Christopher Tan THE Smart micro-mini car may yet wear a star on its nose, following DaimlerChrysler's purchase of the Swatch Group's remaining 19 per cent stake in the venture. Previously, there were no plans to adorn the horizontally-challenged two-seater with the treasured emblem.50 words
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COMPANIES & MARKETS
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587 1998-12-03 17 Conrad Raj - Provisions were for infrastructure projects in region, especially Indonesia Byi Conrad Raj [SINGAPORE] Van der Horst, the mainboard-listed company of Indonesian businessman Johannes Kotjo, yesterday reported a whopping $222 million loss that was five-and-a-half times the size of its group turnover of $40.21587 words
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473 1998-12-03 17 Wong Wei Kong - By Wong Wei Kong [SINGAPORE] Shares of British American Tobacco Company (Singapore) fell sharply yesterday as the company's decision to shut down its manufacturing operation here raised questions among analysts and investors about its future sources of earnings. BATS shares closed473 words
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838 1998-12-03 17 Rahita Elias - HOCK LOCK SIEW Rahita Elias NEWS that Metro Holdings suffered a loss of nearly $2 million for the six months to end-September shouldn't have come as too much of a surprise. After all, its core businesses of retail, leisure and property838 words
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Article, Illustration428 1998-12-03 17 David Boey - By. David Boey [SINGAPORE! News that the Imperial Hotel will be flattened to make way for a highend condo was greeted with some glee on the stock market yesterday. Inside the 600room hotel, it was business as usual for most of its 360 employees. ForCHRIS LOH - 428 words
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REGIONAL COMPANIES
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329 1998-12-03 18 Annette Pau - ity. Annette Pau [SINGAPORE] Mainboardlisted IDT Holdings Singapore yesterday posted a 54 per cent jump in net profit to 5515.9 million for the half year ended September, thanks to translation gains from a weaker Singapore dollar against the greenback. Group turnover329 words
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COMPANY Briefs
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Article71 1998-12-03 18 [SINGAPORE] Forex translation gains of $1 million, a lower effective tax rate and turnaround of several subsidiaries helped Metalock Singapore record a surge in interim earnings. Net earnings jumped to $1.74 million, from $523,000 a year earlier. Turnover slid 9.6 per cent to $26.7 million71 words
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63 1998-12-03 18 [KUALA LUMPUR] Berjaya Land, controlled by tycoon Vincent Tan Chee Yioun, has aborted its plans to buy land worth 303 million Malaysian ringgit (Ssl3l million) from its parent, the Berjaya Group. Similarly, plans for Transwater Corporation to buy an 80 per cent stake in Tioman63 words
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30 1998-12-03 18 Reuters [SINGAPORE] Jack Chia MPH said it is paying an interim dividend of 1.8 cents per share for the six months ending September. ReutersReuters - 30 words
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70 1998-12-03 18 AFX-Asia [KUALA LUMPUR] Petronas said it would not be interested in buying into Malaysian Airline System even if the opportunity arises, the New Straits Times reported. "No. We (will) stick to our core business," president and chief executive officer Mohd Hassan MaricanAFX-Asia - 70 words
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533 1998-12-03 18 Move ahead of restructuring in industry hailed as positive for both Reuters Bloomberg [KUALA LUMPUR] Malaysian utility Tenaga Nasional Bhd will sell a power plant to private power company Powertek Bhd in what is seen as an early sign of restructuring inReuters; Bloomberg - 533 words
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216 1998-12-03 18 AFX Asia [BANGKOK) The Shinawatra Group has announced a new business structure which will see parent Shinawatra Computer and Telecommunications pic become the holding company for the group's three main core businesses, the company said in a statement yesterday. Shinawatra Computer will become aAFX Asia - 216 words
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Article, Illustration58 1998-12-03 18 [OSAKA] An employee of Japan's electronics giant Matsushita Electric Industrial Co Ltd showing the world's smallest and lightest Pentium llequipped lap-top computer "Let's note/ S5l "in Tokyo yesterday. The lap-top computer features a 266 mHz mobile Pentium II CPU and 11.3-inchXGA LCDon its magnesium body, measuringAFP - 58 words
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248 1998-12-03 18 Bloomberg Bridge News [KUALA LUMPUR] A flood of buy orders for Malaysian stocks this morning overwhelmed the newly upgraded computer trading system at the Kuala Lumpur Stock Exchange. More than 100 million shares had changed hands within the first 30 minutes of trading,Bloomberg; Bridge News - 248 words
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412 1998-12-03 18 Conrad Raj - Its joint venture gets USs2som loan at 50 basis pts over Libor Conrad Raj [SINGAPORE] The country as a whole may be a poor credit risk, but not all Indonesian companies are in the same category. Asia Pacific Resources International Holdings Ltd412 words
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207 1998-12-03 18 Bloomberg [MANILA] Metro Pacific Corp said yesterday its packaging unit sold its remaining 60 per cent stake in Starpack Philippines Corp to VAW Europack GmbH of Germany for 700 million pesos (5529.6 million). The transaction gives Europack, which bought 40 per centBloomberg - 207 words
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512 1998-12-03 18 Ruth Wong - Vision City will also be sold to cut RMl.2b short-term debt Fron Ruth Wong in Kuala Lumpur RASHID Hussain Bhd plans to sell down a portion of its 60.6 per cent stake in financial services unit RHB Capital Bhd and prime property development512 words
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REGIONAL/INTERNATIONAL COMPANIES
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Article, Illustration630 1998-12-03 19 EXXON'S TAKEOVER OF MOBIL Lowest prices in 12 years erode profits, forcing rivals into alliances to cat costs Bloomberg [LONDON] Not since 1984 have investment bankers in the oil industry been so busy. Yet their work has just begun because moreBloomberg; AFP - 630 words
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333 1998-12-03 19 Tokyo Stock Exchange computer crashes again FT [TOKYO] The Tokyo Stock Exchange (TSE)'s attempt to reinforce its position as Asia's largest financial centre took a knock on Tuesday when its computer system crashed, halting trading in Japan's benchmark government bond contracts. Hitachi, the electronics conglomerate, has just completed an upgradeFT - 333 words
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411 1998-12-03 19 It may bring Hino, Daihatsu under one umbrella if govt okays tax reforms Bloomberg [TOKYO] Toyota Motor Corp. Japan's largest automaker, said it may group its small car unit Daihatsu Motor Co and truck affiliate Hino Motors Ltd under a holdingBloomberg - 411 words
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Article, Illustration374 1998-12-03 19 He tells investors market share is up, inventories down Bloomberg [PHOENIX] Disk maker Western Digital's shares rose 37 per cent after the company's chief executive officer told some investors at a conference that the outlook for its products was improving. CEO ChuckBloomberg; Source: Bloomberg - 374 words
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139 1998-12-03 19 Reuters [SYDNEY] The Sydney Futures Exchange (SFE) said yesterday it has linked with Dow Jones Indexes to create a new set of indices caUed the Asia Pacific Extra Liquid Series (Apels). "Ap is wiU add market liquid'ty and provide alternative investments and risk managementReuters - 139 words
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305 1998-12-03 19 They will pay total USs3lBm for 30% stake in French firm Bloomberg [PARIS] Microsoft Corp and three partners will pay US$3lB million (***** million) for 30 per cent of French state owned Thomson Multimedia to help the world's No 4 consumer electronics makerBloomberg - 305 words
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Article, Illustration64 1998-12-03 19 [HANAU, Germany] A shop assistant removing some jars of mayonnaise made by Thorny, a subsidiary of Swiss food giant Nestle, from a shelf in a supermarket in Hanau on Tuesday. Nestle has become the target of an extortion attempt for the second time inREUTERS - 64 words
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FINANCE & COMMODITIES
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389 1998-12-03 20 Contracted line of credit will be handled by rare mixed group of Japan, foreign banks Bloomberg [TOKYO] Dai-Ichi Kangyo Bank said it will soon launch one of the first commitment line syndicates in Japan to include both foreign and Japanese lenders. The contractedBloomberg - 389 words
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317 1998-12-03 20 Reuters [TOKYO] Another day, another rumour about a Japanese tie-up on Internet broking. Yesterday, Tokio Marine and Fire Insurance Co became the latest Japanese firm to deny it was negotiating with Charles Schwab Corp, the California based discount brokerage that has madeReuters - 317 words
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156 1998-12-03 20 Bloomberg [LONDON] Tests on the trading systems of London's major derivative exchanges for miUennium bug-related problems showed only two glitches, Britain's Futures and Options Association said, raising hopes for stable trading in the new century. The millennium bug is a computer software faultBloomberg - 156 words
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374 1998-12-03 20 It has set up 2 funds for those who want to cash ont early Bloomberg AFX-Asia (WASHINGTON] Goldman, Sachs Co is seeking to raise as much as US$5OO million (*****.3 million) to buy stakes that investors hold in venture capital andBloomberg; AFX-Asia - 374 words
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180 1998-12-03 20 Reuters [SYDNEY] The board of Australia's largest general insurer NRMA Insurance Ltd will consider a draft report this month recommending it to demutualise and list on the Australian Stock Exchange, The Daily Telegraph reported yesterday. "The NRMA is planning a As 7Reuters - 180 words
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Article217 1998-12-03 21 Bob Butcher, Jardine Fleming - Reports MSCX Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index futures sold off late in the day but bears could not muster enough enthusiasm to push the market below the closely watched and psychologically important 200 level. In turn the market seems to be217 words
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142 1998-12-03 21 Perry Gilbert - MSCI Taiwan fixtures Perry Gilbert THE Simex MSCI Taiwan Stock Index futures traded in a narrow range over the session to close 2.6 points higher on the day. Despite a strong opening, the rally failed to follow through in spite of thin volume142 words
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411 1998-12-03 21 ENERGY REPORT Reuters [LONDON] Battered oil markets yesterday warmed to news of a hefty drawdown in US oil inventories but analysts said market sentiment remained bearish. Benchmark Brent at 1300 GMT traded at U5510.35, up 13 cents. "The market is looking forReuters - 411 words
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Article317 1998-12-03 21 AFX-Asia AFP London THE dollar continued to ease against most major currencies in thin afternoon trade after earlier failing to hold onto modest gains made near the opening, dealers said. They said the dollar moved upwards and tested resistance to a further step up after Wall Street closedAFX-Asia; AFP - 317 words
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Article, Illustration1305 1998-12-03 21 DfTERBAMK CROSS RATES A* C$ Bmt ECU Ffr Dm HK$ Ind B» luplah Yw Won W fm »i4 Sfr UTS Hmi USS ustr 1 4 0 973 fl 78 0 546 3594 1072 4 922 27 053 47 500 0.775 7.871 2.415 1.202 34.*****.800 1.049 3.597 0.879 20.597 22.929 0.3851,305 words
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Article1907 1998-12-03 21 jffirnwitrirircmir*im fmii'iif»>iiiw iMMM—WOWIIMI* wn'wifiniHwwiiiim'iiiirnBiiwr'"< nfiiranMNw MiMnmiMiMaiBniwiwiiitiitiiMWMW. 8IC0MF0TUKB8 I)ec 2 RUMER (hitwts dostng n «t 5.30pa) RSS1 CONTRACTS cwitsAg) Close Volume Open Month High Low Sttt (tonnes) Interest J*n 99 110.50 110.00 109.75 1100 150 Feb 99 112.25 tH.75 111.50 1600 975 Mar 99 113.50 113.50 113.25 1000 1175 Apr/J«n 991,907 words
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Article, Illustration1332 1998-12-03 22 Reuters £J Hang Seng +79.93 STOCKS closed firmer yesterday in the wake of Wall Street's overnight recovery but came off earlier highs as cautious buyers clung to the sidelines in the absence of fresh incentives, brokers said. The Hang Seng Index added 79.93 points, or 0.8 per cent, toReuters - 1,332 words
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Article, Illustration534 1998-12-03 22 Reuters QShenzhenßlndex -0.82 SHENZHEN'S hard currency B shares reversed morning gains to close down yesterday as selling pressure from retail investors knocked the B Index lower in thin trade, analysts said. The B Share Index lost 0.82 of a point to 57.74 on turnover of HKS2.7 million. "Many individualReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 534 words
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Article377 1998-12-03 22 AFP □wp Index +5186 TAIWAN share prices rose 0.8 per cent yesterday on strong buying by institutional investors, dealers said. "Foreign and domestic institutional investors bought at the lows, targeting lowprice blue-chip shares," said Chiang Peng-hui of President Securities Investment Advisory. "Institutional investors are more active than retail in-AFP - 377 words
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Article2364 1998-12-03 22 LONDON tadittrlils Hct hw 31 Croup 552.000 -6.000 AB Ports 307.000 1 000 Abbey National 1170.820 6.820 Allied Domecq 5)0.600 0.600 Allied Zurich 832.000 6.000 Am«c 174.000 -2.000 Asda Group 154.400 -1.200 BATInd 527.000 -19.000 80 PIC 402.200 -7.000 8ICC 60.000 unch BOC Croup 876.000 3.600 BR2,364 words
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Article1572 1998-12-03 22 Bloomberg O Nikkei 225 ****** JAPAN'S benchmark stock index rose for the first time in four days, led by Toshiba Corp and other electronics companies after US com-puter-related shares rallied on Wall Street. The Nasdaq Composite Index yesterday recorded its biggest gain since Oct 15, brightening profit prospects forBloomberg - 1,572 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration400 1998-12-03 23 AFP §5| Composite Index +8.00 MALAYSIAN share prices closed 1.5 per cent higher yesterday but with early gains on strong retail buying pared by profit-taking, dealers said. The Composite Index rose eight points to finish at 526r75, otf an earlier high of 534.46 points. A chiefAFP - 400 words
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Article9066 1998-12-03 23 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap lllqh Low Company Solo 'OOO High Low P/C $nl 320 170 Ajinomoto 314 4 3 314 300 17.3 127.3 148 35 Angkasa 89 5 5 397 93 85 132.0 310 123 Apollo Food Hlq 292 unch 36 3>0 292 10.2 1169,066 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2420 1998-12-03 24 BONOS, LOANS ft VAftSANTS wt *998 Last Vol Day Last Ouots Av« High Law Stna Company Seta ♦«f- COOO) HI** Law Buyer Seller Price 20.5 3 3160 A Acar *0107 31USS 14 unci) 41 V4.S M 14 14.5 95 4.5 3164 Acma *0>0724 16 5 unch 139 17 16 162,420 words
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187 1998-12-03 24 R Sivanithy - WARRANT WATCH By) R Sivanithy IT'S been quite a while since we featured Ilaw Par's warrant in this column and going by the current loss of momentum in the market, now seems as good a time as any to address this.187 words
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Article222 1998-12-03 24 H0N9K0M STOCKS Of Gc 1*M Last V«4 Day Lai OuoU Dh Mi W M M Ca» HUh C— Mm Conpawy HH fOW H>» L— ■yyr Wr Cw W jmt 400 250 5123 CDC (2000) HK 400 8.0 ZA 2.0 20.5 7744.7 5124 Cathay Pac 20c HK—720 265.0 2.1222 words
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Article241 1998-12-03 24 AFP Q Wellington -1&51 WEAKER world prices for commodities and further selling in market leader Telecom Corp combined to push the New Zealand sharemarket lower yesterday. The NZSE-40 Index was down 18.51 points to 1,931.50. Turnover was worth NZ5103.5 million. —AFP •Kt m v- r—» AN2 12.50 0.06 *****AFP - 241 words
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Article, Illustration790 1998-12-03 24 AFP fl SET Index -1104 THAI shares slumped 3.7 per cent at the close yesterday as investors voiced their concern over delays in the passage of key economic bills, dealers said. Analysts said the market was concerned that Thailand's latest commitments to the International Monetary Fund effectively delay theAFP - 790 words
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Article437 1998-12-03 24 AFP V% Composite Index +0,39 SOUTH Korean shares inched up yesterday, with active retail interest relieving concerns over futures-related selling, dealers said. The Korea Stock Exchange Index closed up 0.39 of a point at 446.35, off a high of 449.60 and a low of 442.14. Gainers led losers 474AFP - 437 words
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Article601 1998-12-03 24 AFP OAnOrftttriai *«J AUSTRALIAN shares closed up almost one per cent yesterday on the back of a cut in official interest rates by the Reserve Bank of Australia. The All Ordinaries Index, closed up 26.9 points to 2,761. The All Industrials Index climbed 51.3 points to 4,910.3 while theAFP - 601 words
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Article, Illustration739 1998-12-03 24 AFP n Composite Index +922 INDONESIAN shares yesterday closed 2.3 per cent higher on a technical rebound following an overnight gain on Wall Street and regional markets, dealers said. "There is no doubt that Wall Street's gain overnight and the regional market strength were behind today's rally. But IAFP - 739 words
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Article311 1998-12-03 24 AFP Q Manila -35.79 PHILIPPINE share prices fell 1.9 per cent yesterday to below the 1,900-point resistance level in what analysts described as a healthy correction. The Philippine Stock Exchange Composite Index fell 35.79 points to close at 1,886 points. Volume rose to 2.01 billion shares worth 1.5 billionAFP - 311 words
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6706 1998-12-03 25 Transaction date: Dec 2 I Cr Cr M Wt IW< Last Va Day Last Ouoti Dlv Dt» Vld N*t Cap Avg High Low StNo Company Solo (OOOl High Low Buyer Seller CV_ P/E SmM Price MULTHNMSTVY 142 49.5 m t 1000 Acme 50c 766,706 words
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Article1148 1998-12-03 25 Of Cr M Wt 1998 LMt Vtf toy Last Ouot. ON Dtv YM NX Caa A«j w» u» wm Cimpiay t*» COOOI tag* L— 8nyr S*8ar Cw P/t Prtca MANUFACTURING 243 30 2049 AS Auto 10c 123 unch 1093 127 121 122 123 15.0* 7JO t2 11.6 140.4 1261,148 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration427 1998-12-03 26 Stocks Volume Keppel Bank 10,925,000 ST Engg 10c 9,186,000 OUB Foreign 6,258,000 SingTel 15c 5,619,000 Keppel LandSOc 4,996,000 Wing Tai 25c 4,888,000 UOB Foreign 4,263,000 Hotel Prop 4,246,000 OBS Land 4,069,000 ST Capital 25c 3,934,000 Stocks OUB Foreign 41,472,458 UOB Foreign 40,743,372 DBS Foreign 33,220,678 Keppel Bank 29.361,053 OCBC Foreign427 words
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Article, Illustration661 1998-12-03 26 R Sivanithy - STOCK MARKET COMMENTARY Dealers report contra players bailing out though there was no panic-selling; views on market's future direction remain mixed By R Sivanithy [SINGAPORE] It was a bit of a top-sy-turvy session in the local market yesterday as a rally brought on661 words
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ON THE GRAPEVINE
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Article147 1998-12-03 26 THE action is back on the Malaysian stock market, thanks to rumours of a partial lifting of capital controls. Of late, there have been stunning moves in politically-linked stocks and on the Second Board, which has shot up by more than 100 per cent since early September when147 words
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Article141 1998-12-03 26 OUR usually talkative moles at Star TV, the Hongkong-based satellite TV network, have been unusually quiet about the one topic that is greasing the rumour mill in Beverley Hills, London, Hongkong and Sydney. This concerns the love life of their big boss, media tycoon Rupert Murdoch. He141 words
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Article91 1998-12-03 26 SINGAPORE Press Holdings has been voted the Best Managed Company in Singapore. The award, presented by financial magazine Asiamoney, was received by SPH chief operating officer Denis Tay in Hongkong on Tuesday. HSBC Holdings was voted the best managed company in Hongkong. The honour of91 words
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Article95 1998-12-03 26 ON the subject of getting drunk, why not do it for a good cause? Aware, the leading woman's group in Singapore, is holding its Celebrity Bartender Evening this evening at the Raffles Hotel's Bar and Billiards Room. Cocktails will be prepared by A ware's past presidents Lena95 words
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Article, Illustration70 1998-12-03 26 Shiv Taneja - by Shiv Taneja UNITED Overseas Bank's foreign tranche closed 30 cents higher yesterday at $9.75 on a volume of 4.26 million shares, slightly higher than its 10-day traded average of 4.07 million shares. In the near term, trading is expected to be volatile with the general price trend70 words
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Page 17 Advertisements
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Advertisement123 1998-12-03 17 i Your Strategy To Success. FINANCIAL TIMES COMMNUSftMARKETS I fijfl W O® jap«rw»nK [gggj "1 jggjj Africa's first world war bay rival in S6.6bn deal Business Analysis Weekend Success in the business today's events are shaping global market. world never comes easy. tomorrow's world. Make the FT an essential Particularly123 words
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Page 18 Advertisements
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Advertisement562 1998-12-03 18 BENEFUN INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Benefun International Holdings Limited (the "Company") has received requests from Mr. Soh Kim Yong (who is a registered shareholder of 100,000 shares of HK$O.lO each in the share capital of the Company ("Shares") and claimed to be a562 words
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Advertisement286 1998-12-03 19 nFree! Subscribe now for one war, and receive copies of IjjjUßt JPi Mrt A "Guide To Understanding Money 6» Investing' B ifc U m T I I ¥TVTI I«l Wf I lf/\TI §1 A 1 and "Currencies In Crisis" /l WL F VI W W lIWW IWW W WWW Yes!286 words
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Page 20 Advertisements
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Advertisement1842 1998-12-03 20 I mOT I IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an holding company with subsidiaries engaged in the design, engineering, manufacture and marketing of consumer electronic products which principally feature LCD and microprocessor applications Group Financial Highlights 1998 991,842 words
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Page 22 Advertisements
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Advertisement10 1998-12-03 22 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes INOAPOBB10 words
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Page 23 Advertisements
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Advertisement18 1998-12-03 23 Make The Straits Times j Classified your first pit stop when L shopping for your car or motorbike.18 words
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Advertisement29 1998-12-03 25 You b«y, W® win Hotline: 320 0168 H FIW Investment Carf -AngMoKio Tel 458 4222/4333 N $.f.D v Eq f. pment Construction SINGAPURA 5 Ve e BUILDING SOCIETY LTD29 words
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Advertisement10 1998-12-03 25 HOCK Takes you JZZ» behind the news LOCK SIEW TheßusinessTimes10 words
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Page 26 Advertisements
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Advertisement1413 1998-12-03 26 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR HOTEL EQUATORIAL PTE LTD (Incorporated in the Republic of Singapore) Take notice that Mr. Ong Yew Huat and Mrs Fang Ai Lian, both of Messrs Ernst Young of 10 Collyer Quay, #21-01 Ocean Building, Singapore *****5,1,413 words
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SHIPPING TIMES
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Article304 1998-12-03 27 Bridge News Reuters ALTHOUGH trading remained flat for the most part, a couple of fixtures were reported at what some brokers called "fair" rates. TANKERSc Persian Gulf very large crude carrier rates climbed higher with levels for eastern discharge rising to the high worldscale 50s, but again brokersBridge News; Reuters - 304 words
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Article271 1998-12-03 27 *ammm s mam •*z n M CWT Distribution 0.495 -0.015 119 Chuan Hup 0.53 -0.015 127 Cosco Investment ..0.52 uncti 3 Freight Links 0-2 unch 1030 GBHgMngi 0.41 -0.01 59 HaiSunHup 0.45 unci! 313 Hltechl Zosan 0.705 unch 649 IMCHoidbigs HK 5.60 Jaye Holdings 0.525 -0.004 49 Jurong271 words
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Article, Illustration519 1998-12-03 27 Felix Chan - Engines of growth will come from China, India and Japan By: Felix Chan [SINGAPORE] The Asian cruise industry will continue to flourish at a healthy rate beyond the millennium in spite of the region's economic woes, a panel of industry heavyweights said519 words
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338 1998-12-03 27 Marcus Hand - Tsavliris wants to set np permanent base in S'pore By'. Marcus Hand [SINGAPORE] Greek salvor Tsavliris Salvage International is looking for potential joint-venture partners in Singapore to set up a permanent station here. "We've found that over the years Singapore and the peripheral areas338 words
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722 1998-12-03 27 David Hughes - MUWBUILPS By David Hughes Appropriately half of the orders in this week's list are for Korean yards. For, while there have been few orders reported recently, the newbuilding scene has been dominated by an increasingly bitter row between the European722 words
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Article, Illustration471 1998-12-03 27 George Joseph - From George Joseph in Salalah, Oman A NEW container terminal in the Middle East was declared operational on Tuesday at Port Raysut in the ancient city of Salalah in the Sultanate of Oman. Oman's Minister of Communications Salem Abdullah Ghazali said twoFILE PHOTO - 471 words
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106 1998-12-03 27 Bloomberg [OSLOJ Frontline Ltd, a Bermuda- based shipping company controlled by Norwegian shipowner John Fredriksen, said third-quarter profit rose 34 per cent as income from three new ships outweighed lower freight rates. Profit rose to US$B.3 million (5513.69 million) from US$6.2 million inBloomberg - 106 words
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Article, Illustration1057 1998-12-03 28 Matthew Wald - US AIR TRAFFIC CONTROL Technicians are not happy with mainframe replacements for air traffic control centres By. Matthew Wald NYT THE United States Federal Aviation Administration (FAA) is about to begin replacing the mainframe computers that have been the workhorses of its 20 long-distance air trafficNYT; FILE PHOTO - 1,057 words
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Article239 1998-12-03 28 PACE Dongnama 3 ACL t ECL 5 ANl 3 Evergreen 6 Accord 8 FoongSun 8 Appenship 5 Ll1 Austral 8 Gemartrans 8 Balaji Shpq 4 HaiSunHup 8 BSA 7 Hangli 7 B'tang Mas 8 Han l in 3 CCNI 7 Heung-A 7 CMA 8 Hyundai 7 COSCO239 words
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Article16583 1998-12-03 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vovim T*i*nJv->s\* I m cta a><. I 11 «overtiMf vassal Voyaga Tatapnona ETA ETA Advartisar V»t« Voyaga TMpdon* SIN Dast'n Nama same NumOar *«"»•< *N Dasfn Nama Nama NumOar NumDar 12/12 01/01 COSCO BROOKLYN BR. J849* 65-*****00 To ABIDJAN (ABJ) 2003 Cote16,583 words
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SHIPS IN PORT
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Article746 1998-12-03 39 V*ssel Voy "o Berth Arrival Departure OW* J12 alongside 02.12/1800 L* W ""V* 02.12/1900 Art Fighter 9805 JI7 alongside 03.12/1500 StMrSaru *****8 J01 alongside 02.12/1800 2 4f 12(M9« J01 alongside 03.12/0830 298 alongside 02.12/2100 Bt fetor *****8 JO! alongside 03.12/0600 Bt S**" *****8 J01 alongside 03.12/1030 BtUsaha Mur746 words
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Article1787 1998-12-03 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Sh, P Voy No Etb/Btr Porlod From To From At. Mjgoow 004< OS/1500 U 02/1500 02/1659 02/1*00 02/1500 02/1659 02/1*00 2A 02/1700 03/0*54 03/0*00 2* 02/1700 03/0659 01/0900 1 03/0700 03/1159 Ol/MOO 4 03/1200 01/M5* 03/1700 *1 PniKMS1,787 words
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Article219 1998-12-03 39 bbtny,b,9p6,l96m Deo 8 Austria: Ammuculate Conception Dec 12 Mexico: Virgin of Guadalupe (optional). Dee 23 Japan: Emperor's Birthday New Year Holiday. Dee 24 Finland: Christmas Eve. Dee 23 Nether land: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei:219 words
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Article907 1998-12-03 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of tingle prices for a more comprehensive description of the market Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual907 words
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Article367 1998-12-03 39 No. 26 '80 Mm 990.2 0.6 17.4 0.10 55 0.04 o—Water ImUm ANwWwi Sedtwewt No above E25 0 0 1 0 0 0 360 Ave 987.6 0J 15.1 0.07 31 0.02 tJS 2 fS 55 S S S 53 —s —ssr r 2J5 ?2 iao Max367 words
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AIR & LAND TRANSPORT NEWS
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376 1998-12-03 40 Turnaround in industry possible, says airline association [SINGAPORE] Asia-Pacific airline passenger growth posted an increase in September from a year earlier for the first time since October 1997, suggesting a possible turnaround in the industry, the Association of Asia-Pacific Airlines (AAPA) said. In376 words
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Article, Illustration232 1998-12-03 40 Bloomberg AFP Cathay Pacific withdrew from talks to take a controlling stake in Philippine Airlines (PAL), citing fundamental disagreements. In a statement, chief operating officer Philip Chen said Cathay withdrew from negotiations "as a result of there being certain critical issuesBloomberg; AFP - 232 words
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282 1998-12-03 40 Reuters [HONGKONG] Cathay Pacific Airways Ltd's passenger revenue for October 1998 was about 24 per cent below budget, the airline's in-house newspaper said. "October's passenger revenue results do not look encouraging as we were roughly 24 per cent below target," Cathay said. "It isReuters - 282 words
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Article, Illustration459 1998-12-03 40 Only second largest car maker Daewoo saw rise in Nov sales AFP [SEOUL] Two of South Korea's three top auto makers reported falling sales in November despite rising exports, as the country's economic crisis strangled domestic demand. Only the country's second largest car maker DaewooAFP; FILE PHOTO - 459 words
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Article, Illustration779 1998-12-03 40 US aircraft maker reduces profit forecast for next year Bloomberg [SEATTLEI Boeing Co will accelerate jobs cuts to 20 per cent of its workforce, or 48,000, and slash production because of Asia's economic crisis, meaning it will fall well short of profit forecastsBloomberg; FILE PHOTO - 779 words
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164 1998-12-03 40 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp flight dispatchers union ratified a fiveyear contract, marking the fourth labour agreement the airline has cemented since settling a pilots strike in September. The fourth-largest US airline agreed to pay its flight dispatchers a 14 per centBloomberg - 164 words
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Article1902 1998-12-03 40 ott ruotr m nmn tit *****6 2359 BA7381 1930 BA7382 2050 UMl SOW 1715 S0990 0(30 OFM 1930 Or82 2050 GwogrtouHIC $0803 1915 C2352 0035 g» C2353 |Q» S0004 Wg wS lao H «g ¥N740 xmirt- 5023 0645 GA972 0040 Tf Tr BB a S KSJ1,902 words
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Page 27 Advertisements
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Advertisement17 1998-12-03 27 US air traffic control: New system causes concern Technicians are not happy with mainframe replacements. Page 217 words
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Advertisement319 1998-12-03 27 Asia-Pacific airline passenger growth op in Sept Turnaround in industry possible, says airline association. Back Page Determine the Outlook for the Cruise Industry in Asia Explore new and traditional Source Markets for Cruising in Asia Understand the unique design, Hqm^l operations and supply requirements of Cruise Ship Operations in Asia319 words
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Page 28 Advertisements
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Advertisement722 1998-12-03 28 I IMPORT ~1 I QVW/MQ4AN SUB-CONTINENT I ISUPtBgHUTTmWWM II I lauijK«a«CHl EPH«»« WKX) ffiSn wrux IGO VBStt I VOY I JEA IMM I BAH M 0 KAI COl PIG TsM OOQOMA 27W546 11/11 00/12 OOaniTAiN 20W547 14/11 13/12 HO HEDUOYD DAMMAM 13E U/ll 20/11 20/11 22/11 27/11 01/12 05/12 00/12722 words
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Advertisement749 1998-12-03 28 Lines services represented u.. r> Man Members of the :B0l;| b y Members of the Registry of g jr.i Singapore Freight Forwarders Accredited Shipping Agents VmESBf Association zJ3s Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KIANG/SINGAPORK JAKARTA ETAPKL ETA SIN ETA MALE Princess Lily VRB9B 21/12 22/12 39/12 Princess LU>749 words
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Page 29 Advertisements
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Advertisement1067 1998-12-03 29 SAX SERVICE (DIRECT) Ivcsa voy swra iax joxl ml hou o« on mb* hi wyc maum ooti 02/12 1 y/n a/12 a/i? a/12 P/12 23/12 23/12 24/1? «/i? AftSHHB. 0071 09/12 24/12 29/12 29/12 01/12 29/12 01/12 01/12 92/12 02/12 tftnoouaa 02u u/12 31/12 05/01 05/01 ot/oi 05/01 ot/oi ot/oi1,067 words
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Advertisement2465 1998-12-03 29 HANJIN SHIPPING HANJIN SHIPPING (S) PTi LTD hnp //m hnja con JOOtIKC 37*0735 737 SAIfS *****74 731 DOCUMENT 37M771 774 OffUDOR 37M741 757 MAIN UW *****55 FAX 777W40 CI NO: **********0 M TO NW USA CANADA USA CANADA* FOR VSI/VOY MM SM UM HAUL/VOY SEA TTW DW [""POX 01 MP2,465 words
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Page 30 Advertisements
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Advertisement1378 1998-12-03 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA mm VOY "Si™ L£H HTM MM HAM "WW fU vmtl yor MM «T tPE fOt W.C MTW HAMJM GENOA WQH2 Mil 2512 »12 24 12 2* 12 CMJFORNU KNATDH WMH2 Ml 2 21 12 2) 12 25 12 21 12 Mtl PUSANSENATOR WMH Hl21,378 words
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Advertisement985 1998-12-03 30 Carrier: Mil CONTR UNES V MC I V J OMNOiiaoomoOM SWO: (064) *****9 MANN-A: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31)*****0 P. KELANQ: (03)*****77 JKT (21)*****07M0N: (61)*****3 KUCXWQ(062)*****1-3 DUBAI 1 SURABAYA MV "NORASIA GULF" V.OWIOI Mv "SEA EXPRESS" V.EPROBS ETA SIN: 09-12-98 ETA SIN: 14-12-98 HAIPHONG GOA/BCH985 words
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Advertisement613 1998-12-03 30 LINE MUARA j LABUAN ~j rasa wr itd ra rasa vor rrc ft* SPOtf MUAAA SPOtf UN srwnsHOH vxa/n oj/i? 04/12 stiaitshopi vsk/wos/iim/u (AMU Mh» VIK/M 04/12 04/12 (MMAMt-Xl Vl*/* 04/12 10/12 STUITSHOPI VM/40 14/12 17/12 STUITSMOK VSJE/W 14/12 11/12 CAUUU MB-32 Y2OE/W 14/12 If/12 CMMAMIII-32 V2K/N 14/12 20/12 IK.613 words
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Page 31 Advertisements
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Advertisement778 1998-12-03 31 VESSEL VOV SIN SIP PKQ PEN PQB PUB I SHJ IBA BIK I IRAN VAHOAT PJLI32B 08/12 03/12 18/12 17/12 10/12 21/12 TBN 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 PJLI32B 01/01 11/01 10/01 12/01 14/01 PQB. Mina Qaboos. DUB Dubai. SHJ778 words
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Advertisement2710 1998-12-03 31 Witkly to Evr«|M iaii PorttJ Evtry Monday and Saturday I Diroct to BroMoaIMYOH in 20 dayi J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (l/l) TH3os!o^To!icMos^^ COSTAR SHIPPING PTE LTD #17-O«oisbldg SAUS/BKGS *****57/60 INWARD DIPT <D/ 0) *****8S COSTAR AGENCIES (M) SDN BHD C8NO:2,710 words
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Page 32 Advertisements
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Advertisement1387 1998-12-03 32 EUROPE/UK/SCAMWNAVIA/FINmNO/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHW THP ROM ANW HBG PKL SGP E. DAINTY RW-008 06/12 26/12 26/12 27/12 28/12 25/12 3R/12 E RIGHT RE 036 12/11 14/11 13/11 16/11 17/11 16/12 11/12 E. OYNAMIC RW-002 13/12 02/D1 02/01 03/01 04A1 01/01 06/01 E REWARO RE-031 11/111,387 words
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Advertisement1087 1998-12-03 32 ADVANCE CONTAINER LINES (PTE) LTD A I HO Cadi Street #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60* *****05 IAHQKO* JAKARTA (Waafcly iWp H,tn LCH/1 SH HIT) »8lllH«/Wo*) Vtssa VOY I sw I not vtssa Ivor i sx jkt MAJHJ1,087 words
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Advertisement638 1998-12-03 32 NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESXI VOT SIN PIU OUR ~M CPT KM NANTAI QUEEN V.031S 08/1? 17/1? 11/11 24/12 25/12 lf/12 namui dragon Yoios it/i 2 2>/i2 pi/pi "os/oT "04/oT umrtm vrots 27/12 10/01 "iyoi"lyoi" mwmvaus v.o3is 03/01 12/01 it/01 19/01 20/01 23/01 GOLDEW DKAGOM638 words
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Page 33 Advertisements
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Advertisement500 1998-12-03 33 BSA il MA MYANMA FIVE STAR LINE (Myaamar National Line) Loading for Yang on (Rangoon) VISSU VOY SIN PKI PEN PGU SJTTWI aw SU) PATHEIN 153W 09/12 MALAYSIA AGENTS: lOUSTIAD SHIPPING AGENCIES KUL TH (03)*****00 PKL TU (03)*****01 PIN: HI (04)*****02 PGU: Til (07) *****21/4 BANK LINE (A servict of500 words
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Advertisement1586 1998-12-03 33 HYUN^^AERCHANTJJAARINECOj^^D^^^^^^ IVESSa VOY (H I SOU lUM I RTM I AWT I HAW IMVI FS IVISSa ¥PT SOU I tai I RIM I AWT IH— I BBV IFR {II I ELK SSOW #3/12 21/12 26/12 23/12 24/12 OANUK S4IE 09/11 14/11 11/11 12/11 03/12 NOLMIS 006W #4/12 24/12 24/12 20/121,586 words
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Advertisement974 1998-12-03 33 nor\»«gian specakzod autocorriers QsmKS Wilhelmsen Lines TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SERVICE" [VESSEL VOY RAMP HEIGHT SIN LAX CRL NUA SAV BAL ORF NYC NEW MOO TOURCOING T«24~~4061iS ÜBT Is/if "m70TH761 21/01 23/01 JS/01 26/01 ~2t70T oT7iT 057w~ TAPKXA F9Ol 400 Torn 6.3 M 27/12 24/01 02/02 05/02974 words
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Page 34 Advertisements
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Advertisement884 1998-12-03 34 BANGKOK/ MAP TA PHUT/ LAIM CHABANOI JAKARTA/PAN JAHO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KITI BHUM 82N IN PT 06/12 05/12 GURU BHUM 106 SB IN PT 06/12 MATHU BHUM 392N 05/12 09/12 06/12 DEJA BHUM 776S 06/12 Oft/12 YANTRA BHUM" 269N 06/12 09/12 10/12884 words
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Advertisement571 1998-12-03 34 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE Vtt VOY r S'MMH I k QAM Dk* H'lUtC WWW MITWHf Avissa I is/n I n/it «/n own «s/>i TO AUSTRALIA FULL COWDUNER SERVICE a 5 I_BUl*| STP fwti m LbL. l*usTßiraf»iMhos loa/nw/ian/ia n/n ti/n w/n w/n in www ws lit/it 11/ia571 words
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Advertisement981 1998-12-03 34 VESSELS VOY I SN I PKL I MLA LEH RTM HAM ZEE SOT V-LE D 6 MMAOSA V29W 06/12 00/12 21/12 ***** 29/12 30/12 01*01 02/01 VKJ-E DC TANYA T29W ***** Wl2 28/12 047Q1 06/01 06*01 06/01 08/P1 V-LEOE TAURUS A29W 22/12 ***** ***** 11/01 12*01 13*01 15*01 16*01 VMJ-E981 words
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Page 35 Advertisements
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Advertisement41 1998-12-03 35 DIRECT SERVICE TO INDONESIA IPT. Pelayaran Meratus HUALy Check It Out Page 6 On Page 13 j i JL New Service To Shanghai' dirAtservkW to Calcutta Wail Hal Li|leS Shipping J fi Pa 9 e 5 Page 12 (Mon/Wed/Fri) jt. t41 words
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Page 37 Advertisements
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Advertisement54 1998-12-03 37 STEfI Dial 740-6000 on demand! (Retrieve more schedules!) Press "1" CT jCV Select the port and key in s| *J the four digit code —eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document Wi 11 be SHIPPING54 words
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Page 38 Advertisements
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Advertisement148 1998-12-03 38 c free Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: _Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or148 words
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Page 39 Miscellaneous
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Miscellaneous97 1998-12-03 39 LEGEND: R Thunderstorm Temperature _^C\ V Shower Weather V/md direction with speed m knots ••Ram IJ Cloudy Sky Wove height Syrfoce Winds ore indicated by arrows which fly with the wind W On. U cW. ha) s O SOl -0.5™,,..02- 10m.,,. 03- 15m.„...,« (0 Centre of TrofHcol Depression, maximum wind97 words
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