The Business Times, 4 December 1998
1998-12-04
1
52
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The Business Times
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Title Section25 1998-12-04 1 4 °EC 1998 Wf* (P) i Wwawifc 85* THE BUSINESS TIMES S I N G A P 0 R Internet: http://business-times.asial.com.sg/ FRIDAY, DECEMBER 4, 199825 words
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Article59 1998-12-04 1 *****3(40.16) IiHUI (-18.00) nsmsci FUTURES UiaOLM(-6.13) QIUORMIIk STOCK MAJLKET INDICES Thuraday Qm^e KLSEOOMP HL7t 4M NIKKEI I4J07JB -tS8M HANQSENC lfl.mil -9.63 SKT INDEX U7M 421 JAKARTA COMP__m» _-tl« J MANILA OOMP —1,807.03 -7M7 TAIPEI WH 7,140.11 -17.it SEOUL COUP 448.11 *1.71 CLSA CHINA B JJmr AUSTALLORD —Vnt* -40.759 words
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Article75 1998-12-04 1 nmwtm. us* ss USJ 1.646 £(USS/SS per S>. l.«7_J_ 2.742 Ml l.«W_M87 YW UU-— MN* ■ms uat a— 7.747 U» IU* 9.946 RtJPlAfl r _M«__a«2* 'StummaI WW U.WZZ 'St tout Mitts nmi uiB SINGAPORE* &41 KliALA LUMPUR 11.60 JAKARTA JMt RANGWK 14.71 MANILA 22.90 HONGKONG 10.28 TAIPEI 8M SYDNEY75 words
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931 1998-12-04 1 Neil Behrmann - Coming weeks before euro launch, move is seen to reflect global recession fears From. Neil Behrmann in London GERMANY and France pulled a coup on financial markets yesterday by leading a coordinated European interest rate cut, just weeks before the launch of the euro.931 words
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Article86 1998-12-04 1 Bloomberg, Reuters [NEW YORK] Wall Street went into reverse yesterday morning as positive news of European interest rate cuts lost out to negative news from Brazil. By 12 noon EST, the Dow Industrial was down 96.03 points at 8,968.51. "US markets are reallyBloomberg,; Reuters - 86 words
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Article, Illustration1066 1998-12-04 1 Conrad Raj - Comments rife in the market that the price is too cheap Byi Conrad Raj [SINGAPORE] Listed developer LC Development (LCD) yesterday told its side of the story on why it had to dispose 17 units of its luxury apartment project in Draycott1,066 words
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672 1998-12-04 1 Ruth Wong - From. Ruth Wong in Kuala Lumpur MALAYSIA'S central bank has extended a plan to clear billions of ringgit worth of unsold real estate to include property throughout the country and extended the period to a month-long affair. BT reported on Saturday672 words
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Article, Illustration118 1998-12-04 1 [SINGAPORE] It's a beary Christmas for passers-by in front of Caltex House at Raffles Place. Non-profit charity organisation Club Rainbow has stacked up 222 teddy bears into an eye-catching Christmas tree. The organisation, which has under its wing some 130 children suffering from chronic life-threatening illnesses,ARTHUR LEE - 118 words
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469 1998-12-04 1 Anthony Rowley - Japanese economy shrinks 0.7% its fourth in a row Economists fear two more quarters of decline From, Anthony Rowley in Tokyo JAPAN'S economy contracted again in the June-to-Sep-tember quarter its fourth consecutive three-month decline. Although the 0.7 per cent fall against the preceding quarter or 3.6 per cent at an469 words
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Advertisement157 1998-12-04 1 mSDE MUtat The IMF has agreed to release US$5.3 billion from its rescue package for Brazil, clearing the way for other lenders to rush in more aid, PglO The decision by the IMF and the US to push Asian nations to send their interest rates soaring was a crucial blunder157 words
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Advertisement46 1998-12-04 1 Greenback falls sharply, STlslumps 2.9%, Pg 4 Bank td Englandfaces pressure to cut rates, Pg 10 Early Indon presidential poll The nation's top legislative body will now meet on Aug 29 more than three months ahead of schedule to elect the next president. See Pg 646 words
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Advertisement69 1998-12-04 1 T&o/iaJu/ 6ENEVE I trfe/iuM 7Sffl H\ The new 1 f II v I.U.C Heir to a proud watchmaking tradition SINGAPORE: Chopard Boutique, 435 Orchard Road no. 02-36, Wisma 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Centrepoint, City Cortina shops: Lucky Plaza, Millenia Walk, Raffles Paragon. For more69 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration494 1998-12-04 2 Catherine Ong - Terry Clontz has had previous dealings with S'pore Technologies group By< Catherine Ong AFTER months of searching, Star Hub, the company which will operate Singapore's new fixed-line and mobile phone networks from April 2000, has settled on Terry Clontz, chief executive officer and president494 words
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Article, Illustration586 1998-12-04 2 Carol Eng - By< Carol Eng NTUC Fair Price has softlaunched a third supermarket concept which it plans to build into a chain of convenience stores, even as it opens its American-style Liberty Market at Plaza Singapura today. The third brand, called Cheers, isSIEW YAW HOONG - 586 words
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Article, Illustration378 1998-12-04 2 Ang Wan May - By, Ang Wan May ANOTHER River Valley development is expected to hit the market this weekend at $600-$640 psf. Called Langston Ville, the 54-unit 999-year development at Kim Yam Road is being launched after attempts to sell the half-completed project en-blocCHRIS LOH - 378 words
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325 1998-12-04 2 Corinne Kerk - Only four out of the 18 properties pat up for sale sold By Corinne Kerk ALTHOUGH market sentiment is said to have improved somewhat, only four out of 18 properties put up for sale at a Knight Frank auction yesterday were sold. This follows325 words
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270 1998-12-04 2 PIDEMCO Land and Far East Organization will launch tomorrow phase two of 131 Central Grove at an average price of $460 per square foot. This is a $100 psf discount from the average $560 psf in the condo's phase one launch270 words
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355 1998-12-04 2 Andrey Tan - EYE ON THE ECONOMY Trade Andrey Tan SINGAPORE'S trade with Asean partners has seen double-digit drops for most since the start of this year, Trade Development Board (TDB) figures show. The data showed that total trade comprising exports, imports and re-exports with five Asean economies355 words
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317 1998-12-04 2 Eugene Low - By Eugene Low DRESDNER Kleinwort Benson, the securities arm of Germany's second-largest bank Dresdner Bank AG, laid off 13 people from its operations here yesterday the latest in a spate of retrenchments to hit financial institutions. Mario Malt, managing director and co-head of the317 words
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312 1998-12-04 2 Ven Sreenivasan - By' Ven Sreenivasan THE Legends Golf Country Resort in Johor will appoint US-based Arnold Palmer Design Company to design its second 18-hole Kulai course. Work on the course is expected to begin during the second half of next year. The resort already312 words
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352 1998-12-04 2 Wong Wei Kong - By Wong Wei Kong PETROCHEMICAL Corporation of Singapore (PCS) is investing an additional US$9O million (Ssl4B million) to expand capacity at its two ethylene crackers by 10 per cent to 1.1 million tonnes annually, PCS officials disclosed yesterday. PCS is equally owned by352 words
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NEWS Roundup
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80 1998-12-04 2 SINGAPORE Telecom will spend $19 million next year to upgrade its public payphone services, including increasing the number of payphones. Announcing this yesterday. Sing Tel president and CEO Lee Hsien Yang said Sing Tel will spend $7 million to expand the existing network of80 words
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128 1998-12-04 2 ASIAN oil trade show Osea '96 has attracted 6,500 visitors in the first three days of the exhibition, a 15 percent decline over the last show held in 1996. In a statement yesterday, show organiser Singapore Exhibition Services attributed the fall to128 words
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Article561 1998-12-04 3 Rahita Elias - 208 sq m T&mpines store will be Perth-based Gash Converters' first in South-east Asia By] Rahita Elias INTERNATIONAL secondhand goods chain Cash Converters, listed on both the London and Australian stock exchanges, is breaking into the Singapore market through a franchise operation. Stevetay Pte Ltd, which561 words
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327 1998-12-04 3 Toh Han Shih - But growth will be half that predicted a year ago: Gartner By' Toh Han Shih AFTER a severe decline this year, the IT market for the region will pick up next year, as measured in US dollars, according to recent studies327 words
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Page 3 Advertisements
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Advertisement197 1998-12-04 3 ZENITH Swiss watchmakers since 1865 LIFE IS IN THE MOVEMENT Fly-Back tie&oRAINBOW FLY-BACK: Case and bracelet in steal. Equipped with the legendary ZENITH EL PRIMERO movement, the only automatic chronograph movement to beat at 36'000 alt/hour. Chronograph functions coordinated by a column wheel. The FLY-BACK function allows to new timing197 words
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Advertisement165 1998-12-04 3 Old 1 hcorv: Santa is al\va\s full ot surprises at C hristmas. New Theory: Motorola surprises everyone this X'mas with more power. Ml r,, v his 111 jstllKls. |)K )IC X rl t( 1 111 l )Ut U K'M( m .iihl loved ones. I»( whenever von l)u\ a \\<> I165 words
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ASIA'S ECONOMIC SLUMP
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626 1998-12-04 4 Vikram Khanna - Indonesian speakers at fornm paint bleak picture of their conntry, economy By' Vikram Khanna [SINGAPORE] Politics in Indonesia is becoming increasingly polarised between open pluralism on the one hand and fundamental sectarianism on the other, a senior official of the major political party626 words
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188 1998-12-04 4 It had earlier imposed the curbs to check speculators Bridge News [HONGKONG] The Hong Kong Monetary Authority (HKMA) will consider lifting restrictions aimed at discouraging supranational agencies issuing short-term Hongkong dollar bonds, an HKMA spokeswoman said yesterday. Supranationals such as theBridge News - 188 words
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766 1998-12-04 4 Larry Wee, R Sivanithy - But baht closes at 14-month high and yen sees sharp gains By\ Larry Wee, R Sivanithy [SINGAPORE] Fears of a plunge in the Dow rattled Asian stock markets yesterday and sent the US dollar crashing nearly 3 per cent through the766 words
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Article, Illustration67 1998-12-04 4 [SEOUL] South Koreans, most of them believed to be jobless, flocking to receive bread and blankets from charity organisations yesterday in central Seoul. Yesterday marked the first anniversary of South Korea's acceptance ofa record-breaking US$57 billion (5593.7 billion) bailout from the International Monetary Fund. OverREUTERS - 67 words
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414 1998-12-04 4 He says global govts must solve the hedge fands problem AFP [HONGKONG] An architect of Malaysia's capital controls yesterday accused the international community of dragging its feet in drawing up proposals to reform the global Financial system. "There was a lot of footAFP - 414 words
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352 1998-12-04 4 AFP [KUALA LUMPUR] US-based Moody's Investors Service assigned a negative outlook for Malaysian sovereign ratings and five banks yesterday, citing worries of pressure caused by new economic policies. In a statement released here, Moody's confirmed Malaysia's Baa 3 foreign currency country ceiling for bondsAFP - 352 words
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310 1998-12-04 4 AFP [KUALA LUMPUR] Malaysia has applied to the World Bank for loans totalling US$3 billion (554.92 billion) this year, Second Finance Minister Mustapa Mohamed said yesterday. "The applications were made in stages in May for US$3OO million, in June forAFP - 310 words
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Page 4 Advertisements
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Advertisement68 1998-12-04 4 AURORA made in Italy 70% Clearance Sale USUAL NOW "iJSr $46.50 M&r $31.50 $36.00 $142.50 J595" $178.50 $900 $270.00 SWT $58.50 $75.00 ay <wr $ii 8.50 $64.50 $79.50 $72.00 $280 $84.00 pens ■ndlimH*^ N dIV edition pens are alto available J at 50% discount. >/ Boutique No. 3, Orchard Parade68 words
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Advertisement9 1998-12-04 4 Habibie agrees to earlier election of president, Pg 69 words
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WORLD BANK REPORT
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Article, Illustration668 1998-12-04 5 Report points to misjudgment by IMF, US at start of crisis without naming them NYT [WASHINGTON] The decision by the International Monetary Fund and the US Treasury last year to push Asian nations to send their interest rates soaring was aNYT; FILE PHOTO - 668 words
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Article, Illustration420 1998-12-04 5 Reuters [SEOUL] The International Monetary Fund (IMF) yesterday rebuffed criticism that its remedies had contributed to severe recessions in Asian economies, saying they were necessary to stabilise the financial markets. "There was no painless remedy available to cure the panic and the crisis," theReuters - 420 words
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Article, Illustration465 1998-12-04 5 Fiscal austerity in Brazil will dampen region's economy Reuters [WASHINGTON] Latin America will suffer more than other regions from the current global economic slowdown, with growth falling to 0.6 per cent next year from 2.5 per cent this year, the World BankReuters; AFP - 465 words
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358 1998-12-04 5 Short-term outlook precarious; 1999 growth pat at 1.9% Reuters [WASHINGTON] The world economy is likely to grow 1.9 per cent next year, up from 1.8 per cent in 1998, but the short-term outlook is precarious and there is a substantial risk of recession, theReuters - 358 words
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173 1998-12-04 5 Reuters [WASHINGTON] The World Bank said yesterday that average US economic growth would slow to 2 per cent for 1999 and 2000 but expected recent interest-rate cuts by the Federal Reserve to forestall a deeper slowdown. "In the United States, slowing ofReuters - 173 words
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Advertisement6 1998-12-04 5 TheßusinessTimes E |4#|«y« Shipping times awSk6 words
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Advertisement8 1998-12-04 5 ?wHgi§§gi 1 v <;•; '^W, v JfajprnaKßei-r?. ,"v GUCCI8 words
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SOUTH-EAST ASIA
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495 1998-12-04 6 Shoeb Kagda - MP&tomeeton Aug 29 to choose president instead of next December From I Shoeb Kagda in Jakarta IN a move seen as meeting public demands for earlier presidential elections halfway, President BJ Habibie yesterday agreed to bring forward the next session of the People's495 words
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Article159 1998-12-04 6 JAKARTA Reuters, AFP A MOSQUE was burned down and two vandalised in a town on Borneo island in Indonesia, Antara news agency said yesterday. Residents of Ngabang, near the West Kalimantan provincial capital of Pontianak, were guarding churches and mosques for fear of possible rioting, theReuters,; AFP - 159 words
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Article, Illustration485 1998-12-04 6 JAKARTA Bat it's unclear if move means filin* charges or court proceedings AFP INDONESIAN President B J Habibie has ordered the at-torney-general to take "legal steps" to probe former president Suharto on suspicion of corruption, collusion and nepotism, a ministerAFP; REUTERS - 485 words
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607 1998-12-04 6 Shoeb Kagda - Licensing scheme to apply to both local and foreign firms From\ Shoeb Kagda in Jakarta AS Indonesia moves towards decentralising political power and the management of the country's enormous natural resources, new laws are being formulated that will place more607 words
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518 1998-12-04 7 ANWAR'S TRIAL He decided to accuse Anwar after 5 years because 'she stirred awareness of the despicable acts' Reuters [KUALA LUMPUR] The exdriver of Malaysia's sacked finance minister Anwar Ibrahim said yesterday he waited five years to accuse Anwar ofReuters - 518 words
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119 1998-12-04 7 KUALA LUMPUR AFP MALAYSIAN police have raided the office of one of the lawyers defending ousted deputy premier Anwar Ibrahim, chief defence counsel Raja Aziz Addruse told the court yesterday. "We wish to register strong protest against this type of measure takenAFP - 119 words
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351 1998-12-04 7 KUALA LUMPUR AFP FORMER Malaysian deputy premier Anwar Ibrahim's pro-reform movement plans to submit an application this weekend to form a political party, The Sun newspaper reported yesterday. Secretariat member Abdul Malek Hussein was quoted as saying that he and other membersAFP - 351 words
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Article, Illustration35 1998-12-04 7 [MANILA] A firefighter digging through rubble searching for more bodies after a fire razed an orphanage here yesterday. The fire killed at least 27 people including 20 children. AFPAFP - 35 words
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147 1998-12-04 7 KUALA LUMPUR Reuters THE Export Import Bank (Exim) of Japan has agreed to provide a U*****.2 million (*****.7 million) loan to help finance a petrochemical plant in Malaysia, state oil firm Petronas said yesterday. Aromatics Malaysia Sdn Bhd, a Petronas unit, will partly financeReuters - 147 words
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315 1998-12-04 7 HANOI Observer status outdated, says its envoy to Vietnam Bernama CAMBODIA may decline to attend the mid-December Asean summit in Hanoi if it is not admitted before then as a full member of the regional grouping, a Cambodian diplomat saidBernama - 315 words
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Advertisement61 1998-12-04 6 O 1 MONT BIANC 1 Some things remind us that much time gets lost trying to find i 4 I THE ART OF WRITING YOUR LIFE Writing Instruments Watches Leather Jewellery Eyewear Montblanc Boutiques: Ngee Ann City #01-32, Raffles City #01 -37A, Paragon #01-18 Corners: The Art of Leal her,61 words
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Advertisement777 1998-12-04 7 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE O. S. No. 1462 of 1998 In the Matter of OCBC Finance Singapore Limited (RC No. *****0126N) And In the Matter of The Companies Act, Chapter 50 (Revised Edition 1994) SCHEME OF ARRANGEMENT AND AMALGAMATION under Sections 210 and 212 of777 words
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Advertisement61 1998-12-04 7 f m* A mammmmm l^fei^V ®l ""Jfe Ilk: JBS\ |X\ l|^| m *»rel Bell (S) Ross 4 CHRONOGRAPHS Detune Eastern Watch Centrepomt Sincere Watch Ngee Ann City. Sincere Watch Duty Free Singapore Changi Airport Terminal 2 Watches of Switzerland Forum. Information and catalog: Exclusive Distributor: BMI Singapore. Tel 737 3786.61 words
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CHINA-HONGKONG-TAIWAN
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467 1998-12-04 8 HONGKONG HK Mortgage Corp will guarantee up to 15% of property's value Bloomberg HONGKONG'S government will allow home buyers to borrow up to 85 per cent of the value of their homes up from 70 per cent now through aBloomberg - 467 words
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362 1998-12-04 8 Loh Hui Yin - From, Loh Hui Yin in Hongkong A CHINESE investment bank in which the Government of Singapore Investment Corporation (GIC) is a shareholder has hired Chinese Premier Zhu Rongji's son to work in its Hongkong office. Beijing-based China International Capital Corp (CICC) has employed Levin362 words
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219 1998-12-04 8 ■SHANGHAI AFP SEVERAL listed companies are among southern Guangdong province's 30 biggest tax deadbeats, the official Shanghai Securities News reported yesterday. Ten firms have accumulated tax arrears in excess of 10 miUion yuan (Ss2 miUion), it said, citing an official list issued inAFP - 219 words
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Article, Illustration349 1998-12-04 8 BEIJING New rule applies to party officials, social bodies, state nnits Reuters CHINA will begin holding top officials responsible for corrupt acts committed by their subordinates under new regulations which strengthen the anti-graft drive, Xinhua news agency said yesterday. In aReuters - 349 words
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Article224 1998-12-04 8 TAIPEI Minister orders graft crackdown ahead of key polls AFP TAIWAN'S Justice Minister Cheng Chung-mo has conceded for the first time that there has been widespread votebuying in the run-up to tomorrow's crucial elections here and ordered a clampdown. "Vote-buying was serious," a solemn-faced Mr Cheng toldAFP - 224 words
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Advertisement749 1998-12-04 8 I* r„ CREATIVE 11 CREATIVE TECHNOLOGY LTD t (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 16th Annual General Meeting of Creative Technology Ltd will be held at 31 International Business Park, Creative Resource, Singapore *****1 on Wednesday, December 30, 1998749 words
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Advertisement711 1998-12-04 8 CREATIVE CREATIVE TECHNOLOGY LTD (incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Creative Technology Ltd (the "Company") will be held at 31 International Business Park, Creative Resource, Singapore *****1 on Wednesday, 30 December 1998 at 10:45 a.m.711 words
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ASIA
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487 1998-12-04 9 TOKYO Potential coalition parties also disagree over military issues in first formal talks Bloomberg JAPAN'S ruling Liberal Democratic Party (LDP) and opposition Liberal Party, set to join in a parliamentary alliance, said they remained apart over the extent of tax cuts inBloomberg - 487 words
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193 1998-12-04 9 SEOUL AFP NORTH KOREA warned yesterday that its military was bracing for a fight with the US and was ready to "blow up the US territory". "Arrogant US imperialists have gone beyond the danger line in their aggressive attempts to stifleAFP - 193 words
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133 1998-12-04 9 NEW DELHI AFP THE number of Internet users in India will "explode" to two million over the next two years from the current level of 150,000, a telecommunications official said yesterday. "We have allowed private operators to come into the sector allAFP - 133 words
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231 1998-12-04 9 NEWDELHI Reuters THE Indian economy is on the right track and is expected to grow by more than 6 per cent in the current fiscal year, a senior finance ministry official said yesterday. "Most of the sectors are doing well. Agriculture isReuters - 231 words
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366 1998-12-04 9 NEWDELHI Bloomberg, Bridge News SOME leaders of India's Bharatiya Janata Party (BJP), which heads the ruling coalition government, are opposed to the proposal to allow foreigners into the country's insurance industry, according to K R Malkani, a senior BJP leader and Member of Parliament. "ManyBloomberg,; Bridge News - 366 words
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Article, Illustration363 1998-12-04 9 WASHINGTON Bloomberg US President Bill Clinton and Pakistani Prime Minister Nawaz Sharif, in two hours of talks, discussed their differences about nuclear weapons, Pakistan's troubled economy and the need to prosecute suspected terrorist ring leader Osama Bin Laden for murder, a State DepartmentBloomberg; REUTERS - 363 words
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363 1998-12-04 9 TOKYO Reuters JAPANESE life insurers weakened by huge latent stock losses and high payouts promised on policies sold in the late 1980s are looking to foreign firms to rescue them, industry sources say. Survival will depend on finding friendly buyersReuters - 363 words
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Advertisement204 1998-12-04 9 eage Kwants on JALSELECT Ttavette* Because at JALSELECT, we don't believe In just bringing you to Japan, we also make sure you get settled In comfortably at specially-selected deluxe hotels In our Travellers' Choice packages. So for your next trip to Japan, fly with JAL and enjoy our impeccable in-flight204 words
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Advertisement72 1998-12-04 9 '.*>l <»s" 1 pPHiI pRRRMK I I I B I H li■Hl \b I 1 w* I liM s4 I L Hi I u I i'l H I HI 3 I Hi H S I |i > j^^n__^H m, II I *mB& v <« kv i'sy *->m& -i-gitS?: o' -*\}Vjgm72 words
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THE WORLD
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542 1998-12-04 10 WASHINGTON Pond's decision expected to unlock USs4b from major industrial nations Reuters THE International Monetary Fund approved a US$5.3 billion (SsB.7 billion) payment from its rescue package for Brazil on Wednesday, clearing the way for other lenders to rush billions more to Latin America'sReuters - 542 words
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Article143 1998-12-04 10 SINGAPORE SINGAPORE will contribute 99.36 million special drawing rights (SDR), or about US$l3B million (*****.9 million), to Brazil under an IMF-man-aged, multi-billion-dollar aid plan to extend stand-by credit to the South American nation. SDR is an international reserve asset created by the International Monetary Fund (IMF)143 words
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319 1998-12-04 10 WASHINGTON Bloomberg US worker productivity accelerated more than the government initially estimated in the third quarter, a sign businesses will be able to hold the line on prices even as their labour costs increase. Productivity rose at a revised 3 per centBloomberg - 319 words
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565 1998-12-04 10 LONDON Investors looking for 0.5 point cut after European surprise, two gloomy surveys Bloomberg PRESSURE mounted on the Bank of England (BOE) to cut interest rates next week after a surprise cut in European rates followed two gloomy surveys on theBloomberg - 565 words
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WORLD Watch
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82 1998-12-04 10 Reuters (MOSCOW] The Russian government will draft a medium-term economic programme by January and discuss it with an International Monetary Fund (IMF) mission, Economy Minister Andrei Shapovalyants said yesterday. He said this was discussed on Wednesday during a visit by IMF managing director MichelReuters - 82 words
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89 1998-12-04 10 Bloomberg [MOSCOW] Russia is trying to reach agreement in the next two weeks with commercial bank creditors on its plan to make a US$362 million (***** million) missed payment on Soviet-era debt with new bonds instead of cash. The government, which missed theBloomberg - 89 words
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85 1998-12-04 10 Reuters [PARIS] Thousands of French jobless took to the streets yesterday to demand a Christmas bonus and higher benefits, a year after similar protests gave Socialist Prime Minister Lionel Jospin his first serious crisis. In Marseille, where protests began in December 1997, more than 10,000Reuters - 85 words
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Article, Illustration51 1998-12-04 10 Reuters [LIZARRAGA, Spain] A pig looks for food as it walks in the snow in the Lizarraga High in Navarra, northern Spain on Wednesday. Regions in the north of Spain are being hit by snowstorm and heavy rains although the bad weather is showing signs of improvementReuters - 51 words
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78 1998-12-04 10 AFP [JERUSALEM] Prime Minister Benjamin Netanyahu boosted the ultra-nationalist wing of his government yesterday by naming a fierce opponent of land concessions to the Palestinians as a member of the inner cabinet which oversees all peace negotiations. Education Minister Yitzhak Levy, head of the National ReligiousAFP - 78 words
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562 1998-12-04 10 GENEVA Reuters THE World Trade Organisation (WTO) on Wednesday tentatively forecast modest growth in the volume of global commerce next year but warned that recovery in Asia from the current economic turmoil was key to any improvement. In its annual report, it confirmed earlierReuters - 562 words
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Advertisement102 1998-12-04 10 Available with I colour panels, mirror panels, I WSm\ stainless steel panels, I OH stainless steel wraps and H Hp H! designed for bui,t in flitiana n A9MMHM fcsl 18^ay^toa^o^^W^^uan^SdS^^flapo^0803^5^3838^u^^M3S^| I Showroom 176 Orchard Road »03-43F Cantrepomt Singapore *****3 Tat: *****88 I I I I I ■■■■■■■■■I i*. 111 a102 words
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EDITORIAL & OPINION
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Article, Illustration632 1998-12-04 11 Reginald Dale - THE BOTTOBKLDfE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared MULTINATIONAL companies have always made great scapegoats for anyone with a grudge against the capitalist system Over the years, they have been632 words
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Article161 1998-12-04 11 The industry needs to restructure its basic goals, its basic strategies and not use employees as the yo-yo for how they're going to be profitable.' Amy Jaffe an energy analyst with the Baker Institute at Houston's Rice University, on the Exxon and Mobil merger. 'We can't help161 words
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Article615 1998-12-04 11 EDITORIAL AFTER third-quarter economic results that were worse than even the most pessimistic of forecasts, Malaysia's policymakers should ask themselves if they can continue with their experiment in unorthodox economics. With the shocking 8.6 per cent contraction in gross domestic product in the July-to-September quarter,615 words
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Article, Illustration1187 1998-12-04 11 Leon Hadar - Political pandits tarn to speculating on presidential candidates for 2000 By\ Leon Hadar The writer is BT's Washington correspondent THE conventional wisdom in Washington these days is that, despite the Monica Lewinsky and other scandals, President Clinton will end his eight-year, two-termFILE PHOTO - 1,187 words
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Article, Illustration939 1998-12-04 11 Serving Justice to daepota IF Britain allows Augusto Pinochet to be extradited to Spain to stand trial for atrocities committed under his 17year rule, despots elsewhere will take note: if Mr Pinochet cannot escape the long arm of international law, they might not, either. That would939 words
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EXECUTIVE LIFESTYLE
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Article, Illustration813 1998-12-04 12 The trick to marital bliss is to make your spouse look good and get home without embarrassing anyone, says ROXANNE ROBERTS LAT-WP IT'S unfair to say that no wife or husband looks forward to a spouse's office holiday party. A few hearty souls approachLAT-WP; FILE PHOTO - 813 words
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Article, Illustration822 1998-12-04 12 Book promoting fish oil, soy items as preventive measures stirs hornet's nest LAT-WP [LOS ANGELES] Despite all the hoopla and fervid research in the area, what precise role diet plays in causing or reducing breast cancer, or all cancers, isn't clear yet, expertsLAT-WP; FILE PHOTO - 822 words
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Article, Illustration750 1998-12-04 12 Nobel winner says his allegorical themes are all products of his life NYT [TIAS, Lanzarote, Canary Islands) Looking back on his life from the outpost of his 76 years, Jose Saramago still finds it hard to believe that on Dec 10 inNYT; FILE PHOTO - 750 words
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848 1998-12-04 13 Margarett Loke - Sotheby's withdraws several items after protests, while a few are bought and given back to Indian tribes By] Margarett Loke NYT AN auction of American Indian art at Sotheby's in Manhattan turned out to be less of an auction than expectedNYT - 848 words
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Advertisement117 1998-12-04 12 Where to wine, dine and entertain...... OUR EXTRA RARE STEAK AND RED WINE HAS CHANGED AT LEAST ONE OLD DINING HABIT The Brasserie has reopened and its staying "TTTC 1 stir, there are three menus to choose from open from 6pm to 2am on weekdays (7pm to 1 One for117 words
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Advertisement407 1998-12-04 13 Where to wine, dine and entertain... 15^^ To a night of '1 great fun and en t er tainment a an 9^ r y' s IE Happy Hours 5.00pm B.oopm Daily MM u com P ltme ,ar > snacks) ''M W "W entertains W j Mondays Saturdays I 24 Mount407 words
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Advertisement114 1998-12-04 13 VtfGH TEa Every Saturday, Tqq noon to 5.00pm qfme Adult: $20 Qj Child: $12 Restaurant Reservations: *****88/58 Itth floor Singapore 333 Orchard Road, Singapore *****7. Tel: *****11 Fax: *****61 httpyAvww.mandarin-hotel.com.sg e-mail: mandarin.tms#meritus-hotels.com W«w Hma's Hew 100 DisUgs <Sovorv»»e+ Prepare yourself for on incredible new lunchtime buff** featuring 100 delightful dishes114 words
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Page 13 Miscellaneous
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Miscellaneous828 1998-12-04 13 TV&RADIO 230 PM TV Innovations. 4.00 Kidz Blitz: Sesame W| 0.00 Kid? Blitz X;mas: Romuald The Reindeer. <^^B 530 Captain Zed And The Zee VMP nHHBi 0.00 6.30 Brambly Hedge. 7.00 Youth Entertainment: MTV Interactive. ABUHUU J 7JO Youth Entertainment: i I The Tourist Trap: The jr t Day Trip.828 words
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Miscellaneous148 1998-12-04 13 CRYPTIC CROSSWORD 25(7) 16(1 a latin language 26 Liars with novel ideas (12) trophy (7,5) YESTERDAY'S SOLUTION nowv 10 Lover s Sift to atone for mM m M all-time ding-dong? (8,4) 1 Party leader uplifted when 15 Church design Stella and I repaid tribute (7) garded as heavenly (9) E148 words
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Page 14 Advertisements
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Advertisement168 1998-12-04 14 Aft »>'''£• •J' I* < f. f f f ft 1 1 f f t V i 'Ml f;g>i ;l > 'IB r«" 1■" I rrf.-l l« J I k T A.T»i SJ :1 [cj Ji<lil i > —H——WWWWWWiWI^^^^^WPWII^PiWB :MuM»l u L» J-i Jf.W.l l I T J-ji J»l■] I168 words
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COMPANIES & MARKETS
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398 1998-12-04 15 Jennifer Lien - It ranks seventh on Asiamoney's top 100 list in its annual poll of fond managers By, Jennifer Lien [SINGAPORE] Singapore Press Holdings (SPH) has topped a list of 12 Singapore listed firms on Asiamoney magazine's annual ranking of Asia's best-managed companies. The newspaper398 words
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305 1998-12-04 15 Tax depends on whether bnyback is on open market or off-market purchase [SINGAPORE] Companies that buy back their own shares will be treated as paying out dividends, the Inland Revenue Authority of Singapore said yesterday. This is because a distribution to shareholders305 words
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624 1998-12-04 15 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih PIRST Capital Corporation, leader in building 99-year condominiums in Singapore, may just show itself to be a trendsetter in another area how to raise money in a difficult market. Cash call: On Wednesday,624 words
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412 1998-12-04 15 Wong Wei Kong - Sale of electronics unit shows Astra keen on revamp By' Wong Wei Kong [SINGAPORE] In one of the biggest cross-border merger-and-acquisition (M&A) deals done in Indonesia since the Asian currency crisis, USowned investment fund Newbridge Capital Asia will buy Astra Microtronics Technology (AMT)412 words
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207 1998-12-04 15 [SINGAPORE] Transmarco yesterday announced a $9.3 million interim net loss, more than double the figure in the previous year. For the half-year ended Sept 30, group turnover improved 20 per cent to $50.4 million, with the increase coming mostly from its telecommunications207 words
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REGIONAL COMPANIES
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600 1998-12-04 16 Loh Hui Yin - It will get £40m in cash and 18.6 m new shares in Robert Fleming for Jardine Fleming stake Ihmt Loh Hui Yin in fhmgkotig CONGLOMERATE Jardine Matheson has converted its half stake in stockbroker Jardine Fleming into a bigger stake in investment banking group Robert600 words
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177 1998-12-04 16 [SINGAPORE] Soft drinks and. property company Yeo Hiap Seng Ltd yesterday said the toial cost of its investments in quoted securities as at Nov 25 was $41.7 million or 8.2 per cent of the company's net tangible assets. But the total market value of these177 words
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181 1998-12-04 16 Bernama [KUALA LUMPUR] Khong Guan Holdings Bhd has proposed to acquire Marco Corporation (M) Sdn Bhd for 50 million Malaysian ringgit (5521.6 million), it was announced yesterday. The company said that it had entered into a conditional agreement for the proposed acquisitionBernama - 181 words
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510 1998-12-04 16 More power plant sales on the cards after Powertek deal Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest electricity firm, will look to pull out of the power generation business and focus on transmission and distribution as competition from other power producers heatsBloomberg - 510 words
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Article, Illustration398 1998-12-04 16 Ruth Wong - Weak sales, weaker ringgit lead to first loss this decade From Ruth Wong in Kuala Lumpur POOR car sales and the weaker ringgit forced Malaysia's national car maker Perusahaan Otomobil Nasional Bhd (Proton) to report an interim loss for the first time this decade. ProtonFILE PHOTO - 398 words
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246 1998-12-04 16 Bernama, AFX-Asia [KUALA LUMPUR] Hicom Holdings Bhd reported a net interim loss of 139.36 million Malaysian ringgit (5560.3 million) compared with a profit of RM637.31 million last year. Hicom said the group's overall performance was adversely affected by the unfavourable economic climate.Bernama,; AFX-Asia - 246 words
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186 1998-12-04 16 Bernama [KUALA LUMPUR] Sime Darby Bhd said its whollyowned subsidiary, Sime Darby Financial Services Holdings Sdn Bhd (SDFS), has agreed to a request made by Rashid Hussain Bhd and RHB Bank Bhd on Monday to extend the date of completion for the sale ofBernama - 186 words
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315 1998-12-04 16 Wong Wei Kong - Wong Wei Kong (SINGAPOKKI Listed Alliance Technology and Development Ltd in quitting its Australian underwater world business at a loss of $3.7 million, discouraged by project hiccups and the weaker outlook for the tourism and leisure industry Down Under. Announcing this yesterday,315 words
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169 1998-12-04 16 [SINGAPORE] Loss-making Pacific Can Investment Holdings yesterday announced a major reshuffle of senior management positions. The can-maker said it terminated the services of Karl Golden as group managing director and chief executive officer. Ko Ching-Shuei, currently deputy chief executive officer, will take over169 words
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COMPANY Briefs
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96 1998-12-04 16 Bridge News (SINGAPORE] Oversea-Chinese Banking Corp is not ruling out the possibility of forming a joint venture with a foreign financial institution to expand its regional banking business, ING Barings said in a recent report. With cost savings from bigger economies ofBridge News - 96 words
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73 1998-12-04 16 Bloomberg [SINGAPORE] Shares in Singapore Technologies Engineering fell 3.7 per cent on concern that earnings at the aerospace and defence engineering firm may be held back by slower US growth. The stock lost 6 cents to $1.56 with 21.8 million shares traded, the highestBloomberg - 73 words
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118 1998-12-04 16 [SINGAPORE] Chemical Ind us tries (Far East) Ltd yesterday reported a loss of $3.21 million for the six months ended Sept 30. Turnover fell 57 per cent to $15.06 million. Loss per share stood at 8.1 cents, compared to earnings per share of 2.7 cents118 words
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58 1998-12-04 16 [SINGAPORE] Contract manufacturer, Venture Manufacturing said yesterday that the Capital Group Companies Inc has raised its stake in the group from 6.93 per cent to 7.2 per cent after it purchased 528,000 shares. The group said these shares were bought at between $6.1361 and58 words
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58 1998-12-04 16 [SINGAPORE] Hwa Hong Corp, a listed construction and edible oils group, yesterday announced the resignation of John F Donahue as a director from one of its units, The People's Insurance Company Ltd. Mr Donahue's resignation took effect on Dec 1 following his retirement. Hwa58 words
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REGIONAL/INTERNATIONAL COMPANIES
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Article, Illustration521 1998-12-04 17 Bloomberg [TOKYO] Toshiba Corp, Japan's largest maker of notebook computers, and Fujitsu Ltd, the country's largest computer maker, said they will form an alliance to develop future generations of memory chips used in personal computers and digital consumer appliances. TheBloomberg; REUTERS - 521 words
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190 1998-12-04 17 Bloomberg [PALO ALTO, California] Hewlett-Packard Co said it expects fiscal 1999 sales to grow 8 to 10 per cent, slightly higher than what analysts predict. The world's third largest computer maker made the forecast on Wednesday during its semi-annual analysts' meetingBloomberg - 190 words
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Article, Illustration290 1998-12-04 17 FT [LONDON] Walter Hasselkus, chairman of BMW's troubled British subsidiary Rover, resigned unexpectedly yesterday as reports of a boardroom split at the German carmaker and worries about Rover triggered a sharp fall in BMW shares. BMW stock fell by more than 5FT; REUTERS - 290 words
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322 1998-12-04 17 NYT [NEW YORK] In a widely expected move intended to help revive its ailing cereal business, Kellogg Co said on Wednesday that it would dismiss 525 salaried employees from its North American operations and would eliminate 240 of about 600 contracted positions.NYT - 322 words
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322 1998-12-04 17 Reuters [WASHINGTON] The Securities and Exchange Commission approved new rules on Wednesday for the electronic trading systems that have become a major alternative to traditional exchanges in buying and selling shares. The rules would make public more price information from the electronicReuters - 322 words
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130 1998-12-04 17 Reuters [ANAHEIM, California] Microsoft Corp on Wednesday moved ahead in the emerging high-tech battle for control over television digital set-top boxes by announcing a deal with one of the major set-top box companies. At the 1998 Western Cable Show here,Reuters - 130 words
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386 1998-12-04 17 Sanofi-Synthelabo to be formed after share swap, will rival Rhone-Poulenc Bloomberg [PARIS] Sanofi and Synthelabo, France's No 2 and No 3 drugmakers, agreed to unite in a 58.4 billion franc (5117.2 billion) share swap, forming a business rivalling RhonePoulenc,Bloomberg - 386 words
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315 1998-12-04 17 FT, Bloomberg (NEW YORK] Sears Roebuck, the second biggest store group in the US, on Wednesday delivered a profit warning for the final quarter, hitting retail stocks. It said domestic revenues had fallen 4.5 per cent to US$2.6l billion (554.3FT,; Bloomberg - 315 words
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FINANCE & COMMODITIES
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322 1998-12-04 18 Bloomberg [TOKYO] Fuji Bank Ltd said yesterday an audit of its lending by US-based Ernst Young found no problems with the way the bank classed its loans and no evidence it hid bad debt. Japan's sixth-largest lender, which already received aBloomberg - 322 words
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404 1998-12-04 18 13,000 staff affected; another HSBC unit, Hang Seng Bank, mulls similar move AFP [HONGKONG] Hongkong and Shanghai Banking Corp, a unit of British banking giant HSBC Holdings pic, has imposed a pay freeze on thousands of staff because of the regional economicAFP - 404 words
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Article, Illustration403 1998-12-04 18 Bloomberg [BRUSSELS] Deutsche Bank AG, Europe's second largest bank, agreed to buy Credit Lyonnais Belgium for one billion Deutschemarks (*****.6 million), adding a fourth country to the branch network it's building within the 11 nations adopting the euro next month. The latest acquisition,Bloomberg; REUTERS - 403 words
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590 1998-12-04 18 EXXON'S TAKEOVER OF MOBIL Mega mergers, low prices shift clout in favour of oil giants NYT [NEW YORK) With their planned merger, Exxon Corp and Mobil Corp are expected to gain considerably more leverage in their dealings with members of the OrganisationNYT - 590 words
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327 1998-12-04 18 Bloomberg [NEW YORK] J P Morgan Co has made no secret of the role it played advising Exxon Corp in its US$79 billion (Ssl3o billion) agreement to buy Mobil Corp. The investment bank even went so far as to host the press conference. ThatBloomberg - 327 words
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Article185 1998-12-04 19 Bob Butcher, Jardine Fleming - PMwmi Reports MSCI Singapore Index Bob Butcher, Jardine Fleming A SELL-OFF in the US market overnight got MSCI Singapore Index futures off to a lower start along with most markets in the Asian region. It's hard to keep a good market down though and the 200185 words
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Article153 1998-12-04 19 Perry Gilbert, Refco Singapore - MSCI Taiwan fatnres Perry Gilbert, Refco Singapore THE Simex MSCI Taiwan Stock Index futures closed marginally lower in a quiet session. Sentiment remained a touch nervous with US institutions a noted seller over the day. US markets saw sharply lower early trading yesterday in the153 words
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Article411 1998-12-04 19 ENERGY REPORT Reuters [LONDON] Oil prices rose tentatively yesterday but market sentiment remained fragile with some seeing further falls without severe winter cold, traders said. Benchmark Brent blend crude futures for January delivery gained 12 cents to US$lO.4B a barrel at 1435 GMT, not farReuters - 411 words
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Article319 1998-12-04 19 Reuters, AFP London EUROPEAN interest rate cuts threw the dollar a lifeline yesterday but failed to hoist it out of harm's way amid persistent concern about US stocks. Rate cuts in the 11 countries which will adopt the single European currency have come sooner than traders were expectingReuters,; AFP - 319 words
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Article, Illustration1203 1998-12-04 19 DtTERBAlfK CROSS KATES CS ECU ftr Dw HK$ toi ft NUall Yw» Ktew tM ttSNfcfa N> S$ imt Sfr |T$ Nil Hmt W| 0 %1 "Jf 3- 500 043 4.851 26.652 47.157 0.746 7.683 2.380 1.193 33.949 24.302 L030 3.554 0.853 ***** 22.5K 0.376 0126 «22 nl 1409 554 16421,203 words
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Article1757 1998-12-04 19 nCOM FUTURES Dec 3 RUBBCB (futures dosing ts «t 5 JOpa) RSS1CONTRACT(Scwts/kq) CtQM VofeaM OpM Mwrth Hfrfc Law S«tt (towm) hrtornt Jon 99 108.50 150 Fob 99 110.25 975 Mor 99 112.00 1175 Apr/J* 99 117.00 117.00 116.75 150 2400 .M/Sop 99 120.75 150 Oct/Doc 99 ***** 75 RSS 31,757 words
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Article, Illustration1320 1998-12-04 20 Reuters, AFP Q Hang Seng ->.63 STOCKS clawed back heavy losses to end only a touch lower yesterday, fuelled by a late rally in property shares on news of the government's move to help home buyers, brokers said. The Hang Seng Index ended down 9.63 points, or 0.1 perReuters,; AFP - 1,320 words
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Article375 1998-12-04 20 AFP □wPbfag -17J1 TAIWAN share prices fell 0.2 per cent yesterday in thin trading as investors remained on the sidelines ahead of parliamentary and local elections, dealers said. "Investors would rather hold on to cash than invest in the stocks in the final countdown to the election day," saidAFP - 375 words
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Article, Illustration540 1998-12-04 20 Reuters ClShernhqiß Index -(MB SHENZHEN'S hard currency B shares ended lower yesterday as losses on the neighbouring Hongkong stock exchange and news of overdue tax problems with two listed companies damaged investor confidence, analysts said. The B Share Index fell 0.62 of a point to 57.12 on turnover ofReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 540 words
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Article2205 1998-12-04 20 totHMtt Oat f—ct 3) Group 561.400 9.400 AB Ports 301.000 '6.000 ADbay Nat tonal 1136.500 -34.320 Allied Domacq 512.000 1.400 AHiad Zurich 852.000 20.000 Amac 172.400 1.600 Asda Croup 153.000 -1.400 BAT Ind 515.200 -11.800 BG Pie 395.000 -7.200 BICC 61.000 *1.000 BOC Group 869.400 -6.600 BR2,205 words
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Article1608 1998-12-04 20 Bloomberg Nikkei 225 -29M4 JAPAN'S benchmark stock index fell to a twoweek low, with electronics companies and other exporters leading the way on concern that weaker US demand and a stronger yen will deal a double blow to earnings. Fuji Photo Film Co and Sony Corp headed the retreatBloomberg - 1,608 words
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KUALA LUMPUR STOCK MARKET
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Article8893 1998-12-04 21 INDUSTRIALS 1998 Lest Day Net Cap Hlgn Low Cempany StK 'OOO High Low P/C $mll 320 170 Ajinomoto 299 -15 4 300 299 16.5 121.2 148 35 Angkasa 108 19 718 108 92 159.2 310 123 Apollo Food Hlg 280 -12 8 292 280 9.7 112.0 388 108 Bar jaya8,893 words
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Article, Illustration391 1998-12-04 21 AFP Q Composite Index -4JB SHARE prices closed 0.9 per cent lower yesterday on continued profit-taking, with minimal impact from a downgrade on the ratings of several banks, dealers said. The Composite Index fell 4.99 points to finish at 521.76. The Second Board Index roseAFP - 391 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2495 1998-12-04 22 BONOS, LOANS I WARRANTS M w LmI Vat Day Last Quota Avg High Law Stna Company Sata »af- COOO) Hhjh Law Buyar SaHar Prka 20-5 3 3160 «Acar ******1 USS 13.5 -0.5 90 133 12.5 13 13.5 95 4.5 3164 Acma ******4 15.5 -1 397 20 14.5 15 15.5 162,495 words
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Article229 1998-12-04 22 HOMKOM STOCKS fir fir I9M iMt VI On >-Mt OHM n* Mv W M M Cat I— Stna Cm—ny \f COOP) Nfi Law fcryr Sa«ar C~w P/I $«H 400 250 COL (2000) HK 400 I I I &0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_720 265.0229 words
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200 1998-12-04 22 R Sivanithy - WARRANT WATCH Of R Sivanithy THE market has gone soft suddenly in the light of the wobbles on Wall Street and the strength of the Japanese yen, so caution is now the watchword. But it's unlikely that after going through more than a year200 words
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Article248 1998-12-04 22 AFP n Wellington -27M SHARES slumped 1.4 per cent yesterday as the sell-off on Asian markets and a continuing slide in world commodity prices hurt many leading local stocks. The NZSE-40 Index lost 27.86 points to 1,903.64 on turnover of NZ$lO6 million. n>i «n rooo) AMZ a*n»infl 12.30 -0.20AFP - 248 words
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Article, Illustration761 1998-12-04 22 AFP P SET Index -5.26 THAI stocks fell 1.5 per cent at the close yesterday, well off their lows for the day but still dogged by uncertainty over the passage of key economic reform bills through parliament, analysts said. The market fell sharply in morning trade but recovered someAFP - 761 words
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Article418 1998-12-04 22 AFP rl Composite Index +L7< SHARE prices on the Korea Stock Exchange inched up yesterday amid reports of impending business swaps among South Korea's five largest conglomerates. The index closed up 1.76 points, or 0.4 per cent, at 448.11, offa high 0f455.66. Volume was 205.9 million shares worth 1.2AFP - 418 words
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Article566 1998-12-04 22 AFP OAflOrdmiriaß -40.7 AUSTRALIAN shares closed down almost 1.5 per cent yesterday on Wall Street's losses and renewed uncertainty over Asian financial markets, brokers said. The All Ordinaries Index slipped 40.7 points to 2,720.3. The All Resources finished trade down 25.0 points at 988. National turnover was 299.78 millionAFP - 566 words
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Article, Illustration706 1998-12-04 22 AFP n Composite Index -3J6 INDONESIAN share prices yesterday closed 0.8 per cent lower amid a lack of fresh leads and some profit-taking following the previous day's gain, dealers said. "In general, I think this is a healthy correction. The region is weak and we don't have any freshAFP - 706 words
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Article305 1998-12-04 22 AFP Q Manila -78.97 PHILIPPINE share prices fell 4.2 per cent yesterday in reaction to the weakness on Wall Street and caution from investors. The Philippine Stock Exchange Composite Index fell 78.97 points to close at 1,807.03 points. Volume fell to 873 million shares worth 1.79 billion pesos. —AFPAFP - 305 words
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6983 1998-12-04 23 Transaction date: Dec 3 Gr Gr M Wt IMS Last Vat Day Last Ouctt Dtv Dtv YM Nat Ca» Avq Mt(A Lm StNa Company M> POOP) HlgH Law Svyar SeSer C*w Wl lai Mn MULTI-INDUSTRY 142 49.5 m t 1000 AcmaSOc 74 -2 9116,983 words
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Article1275 1998-12-04 23 Cr Or M wt 1998 Last Vat Day Last Ouott Ot* Mv YM Nat Ca» Av« wmi u» «twa cmmmr ut» roooi m> u» imr cw >/i >— mm manufacturing 243 30 a 2049 AS AutolOc 117 -6 2608 121 114 1(7 118 1S.0N 7.0 1.3 >1.0 133.6 1231,275 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration408 1998-12-04 24 Stocks Volume ST Enqq 10c 21,772.000 Van der Horst 17,650,000 Wing Tai 25c 7,858,000 DBS Land 6.572,000 Keppel Bank 6,040.000 SembCorpI 25c 5,786,000 •TanChonqlnt50c 5,772,000 Keppel Land50c 5,615,000 ST Capital 25c 5.507,000 Hotel Prop 5,292,000 Stocks ST Enqq 10c 34,813,595 OUB Foreiqn 27,638,415 DBS Foreiqn 27,621,876 OCBC Foreiqn 22,239,552 City408 words
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Article, Illustration643 1998-12-04 24 R Sivanithy - STOCK MARKET COMMENTARY Financials lead the fall*; retail investors said to be flocking to Malaysia; dealers see more volatility ahead By R Sivanithy [SINGAPORE] More uncertainty on Wall Street and a poor overnight showing by the European markets continued to shake643 words
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ON THE GRAPEVINE
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Article111 1998-12-04 24 HERE'S some evidence that the recession hasn't jolted the well-heeled in Singapore. American Express told us it received close to 1,000 calls on its newly-launched platinum card on Wednesday, the day Business Times carried a report on it. "Fewer than 10 of these callers were111 words
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Article62 1998-12-04 24 MENTION IPC and the listed Singapore computer maker comes to mind, right? Well, there's another up-and-coming player that shares the same initials. International Press Co, a homegrown software packaging supplier, has just made it to the Enterprise 50 list of Singapore's most enterprising privately-held firms. This IPC may62 words
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Article74 1998-12-04 24 WE mentioned here sometime back that Plaza Singapura is the new mall out to woo shoppers with its big banner; "P.S. I Love You." Today is the mall's opening day but our visit yesterday showed everyone still working furiously on the site, much of which74 words
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Article41 1998-12-04 24 A JOKE that is making the rounds in the wake of the Mobil-Exxon merger goes like this: Why did Mobil merge with Exxon instead of Chevron? Answer Because if it did, the new company would be called Moron.41 words
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Article118 1998-12-04 24 IF you believe that Prime Minister Mahathir Mohamad of Malaysia and American financier George Soros are arch enemies, think again. Despite all the public rhetoric, they could well be each other's secret admirer. Reason? On Wednesday, on this side of the globe, Dr118 words
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Article, Illustration80 1998-12-04 24 Shiv Taneja - -by Shiv Taneja WING Tai Holdings closed two cents lower yesterday at $1.18 on a volume of 7.85 million shares, compared with its 10-day traded average of 16.2 million shares. Notwithstanding the fact that volume appears to be drying up, there could be some buying interest in this80 words
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Page 15 Advertisements
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Advertisement52 1998-12-04 15 Hit ultimate measure <>| eacli moment 1111 a GP Girard-Perregagx Manufacture depuis 1791 Pictured: Model #901 20 0.5 1.8 158 Split-second chronograph with automatic movement Available at all authorised retailers Exclusive Distributor: BMI Pte Ltd Tel: 737 3786 Service Centre Showroom: BMI 6B Orange Giove Road Tel: 73 3566 F52 words
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Page 16 Advertisements
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Advertisement37 1998-12-04 16 Your Strategy To Success. Weekend Business Analysis For a truly global perspective on the FINANCIAL TIMES r n *yx i aqi c„kc r rihe todav events shaping today's world. No FT, no comment. iJsJ to SUDSCriDe tOCiay.37 words
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Page 17 Advertisements
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Advertisement87 1998-12-04 17 t a 1 You never B i actually own a Patek Philippe. You merely look after it lt fe. PATEK PHILIPPE for the next geneve ft Begin your own tradition. > i SINOAPORf THE HOUR GLASS Tdkashamayo Shopping Centre Tel: 734 2420 I Scotts Tel 235 7)98 Lucky Plaza Tel:87 words
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Page 18 Advertisements
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Advertisement1462 1998-12-04 18 BUSINESS N()tid'S To advertise call toll-free 1800-741 IS,S3 IN THE MATTER OF THE COMPANIES ACT, CAP. SO WAY MAY PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting oI the company deemed to have been held pursuant to Section 179(6) of the Companies Act, Cap 50 on the 11,462 words
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Advertisement341 1998-12-04 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCAN CONTAINER PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290<2Xb)) At an Extraordinary General Meeting of the Company held at #01 -35 Cargo Agents Building B Changi Airfreight341 words
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Advertisement342 1998-12-04 18 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 UO WESTRY INVESTMENT PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at No. 6 Jaian Bersatu (13/4). ***** Petaling Jaya. Selangor. West Malaysia, on 30 November 1998. the following resolutions were duly passed342 words
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Advertisement440 1998-12-04 18 IN THE MATTER OF THE COMPANIES ACT, CAR SO AND IN THE MATTER OF E.R.M. TRAVEL SERVICE (S) PTE LTD (Incorporated In the Republic of Singapore) (In member*' voluntary winding-up) i At an extraordinary general meeting of E.R.M. Travel Service (S) Pie Ltd duly convened and held at 1 54440 words
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Page 20 Advertisements
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Advertisement71 1998-12-04 20 calling about f See..J wld The card we're the computer I you this was a 1 I making for Susan I advertised in J V^ g °°d deal. J Yup, we got what V is going to be J Straits TimesJ J* Iwe wanted because real nice! pA of "fn71 words
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Page 21 Advertisements
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Advertisement23 1998-12-04 21 The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks I HOCK LOCK I SIEW Takes you behind the news TheßusinessTimes23 words
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Page 23 Advertisements
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Advertisement25 1998-12-04 23 Sunday Classified at Clarke Quay Every Sunday, 9am spm |cat,s.| 1 I Dfltc 3rd to 6th Dcc 98 wmK JMA < M*$i yjr *.n E/ "si--25 words
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Page 24 Advertisements
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Advertisement529 1998-12-04 24 DRAGON Dragon Land Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Friday, 18 December 1998 at 10.00 a.m. at 120 Hillview Avenue, #05-02 Kewalram Hillview, Singapore *****4 for the following529 words
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Advertisement426 1998-12-04 24 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ENG HUAT ENGINEERING PTE LTD At an Extraordinary General Meeting of the members of ENG HUAT ENGINEERING PTE LTD duly convened and held at No. 19 Jurong Port Road. Singapore *****3 on the Ist day of December 1998. the following Resolutions426 words
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Advertisement340 1998-12-04 24 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF (I) Ai INVESTMENTS PTE LTD (II) MZ INTERNATIONAL PTE LTD (III) Fl INTERNATIONAL PTE LTD (IV)FCM PTE LTD (IN CREDITORS VOLUNTARY LIQUIDATION) Extract of the minutes at an Extraordinary General Meetings of members of AI Investments340 words
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Advertisement115 1998-12-04 24 Ah the matter of the companies^ ACT, CAP. 50 AND IN THE MATTER OF SUNLAND REALTY PRIVATE LIMITED (In Voluntary liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 3918 Orchard Road #09-08 Ngee Ann City Singapore *****4 on 30th November at 5 00 p.m..115 words
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Advertisement80 1998-12-04 24 Ijp H and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's80 words
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SHIPPING TIMES
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Article323 1998-12-04 25 Bridge News, Reuters PAN AM AX rates were generally easier with rates still falling in the east and under further pressure in the Atlantic. The Baltic Freight Index shed 10 points, dropping to 925. Volume totalled 234 lots of which Apr traded 154. TANKERS* A strengthening in ratesBridge News,; Reuters - 323 words
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Article267 1998-12-04 25 a nt CWT Distribution.. 0.485 -0.01 28 Cfcaan Hap 0.515 -0.015 178 CMCO tavastmpnt 0.51 -0.01 12 fntOW LMu 0.185 -0.015 KMS MHekftigs 0.39 -0.02 12 Hal Sun Hup 0.44 -aOI 563 MUM -0.01 214 MClUkPngs HK 5.60 J<y* 0.52 -0.005 43 Arooa Shipyard 7.10 *0.05 9 KappoJCorp267 words
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424 1998-12-04 25 Felix Chan - Agency concerned about blacklisting in world's largest supplier of seamen By Felix Chan [SINGAPORE] The International Transport Workers' Federation (ITF) has opened an office in the Philippines, the world's largest supplier of seafarers. The Manila office will provide a wide range of424 words
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Article, Illustration155 1998-12-04 25 [SlNGAPOßE] PSA Corp has commissioned the first five gantry cranes at its Aden Container Terminal (ACT) in Yemen (right). Manufactured by Ajman, UAE-based FELS Cranes, the five rubber-tyre gantry cranes (RTGs) are part of a batch of eight scheduled for the container terminal under155 words
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680 1998-12-04 25 Selva Kumar - ADMIRALTY CASEBOOK By Selva Kumar AN instruction by a time charterer to the master of a vessel as to where the vessel should go to load or discharge cargo or take bunker is an order that relates680 words
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Article, Illustration329 1998-12-04 25 Felix Chan - Last phase of liberalisation programme brought forward to March 1 By\ Felix Chan [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) said it would advance the third phase of its towage liberalisation programme to March 1 from July 1 next year. Under PhaseFILE PHOTO - 329 words
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556 1998-12-04 25 P T Bangsberg - Project will raise southern port's handling capacity to 85m-90m tonnes From P T Bangsberg in Manila WORK is under way to deepen the access channel to China's port of Guangzhou, the largest foreign trade outlet of the country's south and a potential rival to556 words
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Article, Illustration1249 1998-12-04 26 Carol Eng - BRIAN CHANG Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes By i Carol Eng Brian Chang the prominent Promet founder who sold out of the firm four years ago and quit the corporate scenePhoto: CHRIS LOH - 1,249 words
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Article371 1998-12-04 26 PAGE FoonqSun 8 anl 3 Froti ,2 M Accord 8 Frt Links 14 Ahrenkiel 12 Appenship 5 Gemartrans 8 Austral 8 Genshqp 12 Avant 14 Glory Nav 14 B'tanq Mas 8 HaiSunHup 8 BSA 7 7 BTL 14 Hanjin 3 Balaji Shpq 4 Heunq-A 7 Bangladesh 13371 words
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Article17799 1998-12-04 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Tuepfione ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Nam* Nam* Number Number 12/12 04/02 Clan S A TBN/VALERIA V.9821SB 65 *****36 <AB «lm?s°600Cainvill WW COtt To BUENOS AIRES (BUE) 2060 Argentina m Sar17,799 words
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SHIPS IN PORT
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Article718 1998-12-04 39 Vessel Voy No Berth Arrival Departure Art Fighter 9805 alongside 03.12/1200 Br it op 1 16/98 J06 alongside 03.12/2300 St Kurnta2 *****8 J01 alongside 0412/0600 St Lestari D€C3 J01 alongside 0312/2359 Bt Merry DEC2 J01 alongside 03.12/2000 BtMmCt6S7 *****8 JOI alongside 04.12/0030 Bt P Senti2 *****8 J01 alongside718 words
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Article1817 1998-12-04 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Boofclnq/Boloncc Rstls Ship Voy No Etb/Btr Period From To From *t» U* OM 0*/H00 H 01/1400 0V*51 01/1100 ovboo ovum ovnoo 2* 01/1700 04/0*51 04/0100 21 01/1700 04/0*51 04/0100 3 04/0700 04/H51 04/1400 4 04/1200 04/1451 04/1700 M2W 0*/W00 "i1,817 words
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Article217 1998-12-04 39 Deo 8 Austria: Ammuculate Conception Dec 12 Mexico: Virgin of Guadalupe (optional). Dec 23 Japan: Emperor's Birthday New Year Holiday. Dee 24 Finland: Christmas Eve. Dee 28 Nether land: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei: Christmas217 words
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Article922 1998-12-04 39 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description at the market Prices shown are based on average-tixed stem Market movements are indicated. The Cockett Bunker Price Index change and the individual922 words
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Article514 1998-12-04 39 Carta* 100 Mu 990.2 0.6 17.4 0.10 SS 0.04 N»v26 OMsJty Water Residue Ash Aluminium Sediment Mc above E25 0 0 1 0 0 0 380 Ave 967.6 0.3 B.I 0.07 31 0.02 Cum 380 Mai 995.2 0.8 19.3 0.11 61 0.06 «WW3 %m/m mi m$mt514 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration447 1998-12-04 40 Chairman Lncio Tan to provide USs9om, other shareholders the rest AFX Asia, Bloomberg [MANlLA] Existing shareholders of Philippine Airlines (PAL) will inject US$l5O million (***** million) into the beleaguered airline after talks with Cathay Pacific and Northwest Airlines broke down, executive vice-presi-dentAFX Asia,; Bloomberg; FILE PHOTO - 447 words
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Article, Illustration224 1998-12-04 40 AFP [PARIS] Air France will have to choose next year between Delta Airlines and Continental to build a "global alliance in air transport", the head of France's state-owned flag carrier, Jean-Cyril Spinetta, said on Wednesday. "Air France willAFP - 224 words
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Article, Illustration326 1998-12-04 40 Bloomberg [LOS ANGELES] Northrop Grumman Corp, one of Boeing Co's largest suppliers, said it will lose about US$l5O million (*****.5 million) in sales next year and could cut jobs as a result of the Seattlebased jetmaker's plan to slash jet production.Bloomberg; FILE PHOTO - 326 words
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181 1998-12-04 40 Bloomberg [TOKYO] Finnair Oyj, Finland's biggest airline, plans to join the oneworld alliance within weeks, president Antti Potila said. Oneworld which includes AMR Corp's American Airlines, Canadian Airlines Corp, Qantas Airways Ltd, Japan Airlines Co and Cathay Pacific Airways Ltd is the world's second-biggestBloomberg - 181 words
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362 1998-12-04 40 Bloomberg [WASHINGTON] The Federal Aviation Administration saiu that information gathered from flight data recorders as part of a programme with US airlines to detect safety trends will only be used for enforcement purposes in "egregious" cases. The initiative, called FlightBloomberg - 362 words
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Article200 1998-12-04 40 Felix Chan - By Felix Chan [SINGAPORE] All Nippon Airways (ANA) inked a comprehensive partnership with Scandinavian Airlines System (SAS) ahead of its entrance into the Star Alliance next October. The carriers signed a memorandum of understanding in Tokyo yesterday, paving the way for through check-in services to200 words
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Article1716 1998-12-04 40 cn> ruwrr cta fucht era $***** mso lhtt 2359 MaW* AN8230 1920 N***** 2359 lh43h 1920 soaxw aw woo iwo wm iw sowo OOP AaitwlM H***** 0800 *1844 0105 «Ha«*MMK $0003 IMS CZ3S4 0910 S0327 0600 N***** 2320 C2351 2035 S0004 100 "S IS WM. VH7421,716 words
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Article, Illustration544 1998-12-04 40 Reuters [BUENOS AIRES] French carmaker Renault SA aims to make and sell four million vehicles worldwide by 2010 from less than two million last year, chairman and chief executive officer Louis Schweitzer said. Speaking at a press conference with reporters in Buenos Aires,Reuters - 544 words
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Page 25 Advertisements
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Advertisement28 1998-12-04 25 Brian Chang sets new sights in China Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes. Page 228 words
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Advertisement119 1998-12-04 25 PAL shareholders to invest USslsom Chairman Lucio Tan to provide USs9om, other shareholders the rest for beleaguered airline. Back Page Advertising in Turbulent Times Are you qetting the REACH~ as promised? SHIPPING TIMES G(J A RAMTE ES '48,000 daily circulation! In Singapore, when you want to reach out to a119 words
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Page 26 Advertisements
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Advertisement1114 1998-12-04 26 I NORTH AMERICA 1 I EXPORT 1 I OTHER DESTINATIONS 1 SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) «5Sa VOT ETA SM ETDSN ISODM HOU OK MT NGKOOIV M VOT P» PT-OWTIM ACUIITIA WCAUOU I WBMVBnWU SAP'"—" OOQCWU Mfsso M/ll M/ 12 M/1,114 words
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Advertisement735 1998-12-04 26 /VjjpkJA Lines services represented nf Members of the Registry of m,j» Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMMER/FREMANILE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 20/12/98 BOOKINGS CALL MONKA/AI UNG TEL 323 4374 CONTAINERS/CONVENTIONAL CARGO FROM735 words
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Page 27 Advertisements
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Advertisement1047 1998-12-04 27 TO EUROPE FROM EUROPE Ivissa vor j sw rtm anr ham orv sou fit uh I [vessel vor 1 rtm anr ham o«v soo Frr uh "smT MY DUKI 315W 07/12 24/12 20/12 29/12 23/12 HTWBUI *****3/11 14/11 17/11 12/11 OS/12 NY CO—DOOM 314W 10/12 02/01 30/12 31/12 20/12 MOSEI1,047 words
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Advertisement1955 1998-12-04 27 HANJIN SHIPPING HAHIIN SHIPPING (S) PTELTD hnp //mm. tap cum lOOKMG 37*0735 237 SALE *****74 731 DOCUMENT *****71 274 OPEMIKNK *****41 757 MAM Utt: *****55 fAJ 7771*40 a M ********** M TO NW USA A CANADA "USA fftH/VPA* WVSI/VOY I OAM ISM IMINAU/VOY S« TTW DCN POX oi THEP PIT1,955 words
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Advertisement553 1998-12-04 27 wssfl w_ _mi_ m tot sm mt m ua ro Ivren i wit igo jwe liron jwr I siw I jp I IMKIASAM OltS 77/11 04/11 00/17 01/17 00/17 j{ujft IOIOS I Sfll I olfll i 1 014S Im'/IH 1 uTCsauw His 10/11 01/11 iim 01/11 n/ii OV7 n/ii u/ii553 words
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Page 28 Advertisements
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Advertisement1389 1998-12-04 28 DSR-SENATOR LINES TO UK/CONTINENT TOMEDnERBANKANCANADA VtSKI WIT tin UK HTM MW HAM QBV FU VOT OTT Iff FOO VIC MTW HMUM GENOA WQH2 04 12 29 12 Ml 2 M.12 21.12 PACIFIC SfNATOM WMOU 1112 27.12 21 12 >112 0(01 HOI PUSAN SEKATM WNOSO M.12 2( 12 27 12 25.121,389 words
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Advertisement962 1998-12-04 28 Iftjia MAC-NELS S'PtiRE M'SIA I uTTaT!!] CMIIW. MN CONTR LINES, INC P. OUDANQ: (07) *****26 MV/XzJ cwwotimeereeee* sibu: (084)*****» mamul (832) *****24 PENANG: (04) *****38 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT (21)*****07 MON: (81) *****3 KUCHING (082) *****1-3 MOJI SHIMIZU MV "WAN HAI 212" VOY962 words
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Advertisement643 1998-12-04 28 LINE BBy A Till IMMM Mi I MUARA ~1 LABUAN ~j vssa voy no n* vtssa voy nv eta yOCfUUMA SPOtf UN STINTS HOK V321/W 03/12 00/12 STINTS NOK V3X/WU/12M/12 CAKAKA JMO-32 VHI/W 00/12 Of/12 OUUU MO-J2 VIW/W M/ 12 10/12 STINTS HOPE V3X/W M/ 12 17/12 STINTS HOK V33E/40643 words
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Page 29 Advertisements
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Advertisement1365 1998-12-04 29 -*rrx x lUUJ i/cvumuvi i, xc/c/u [vessel voy I SIN I SIP I PKO I PEN I PQg DUB I BHJ IBA BIK IRANVAHDAT PJLI32S 08/12 03/12 18/12 17/12 IS/12 21/12 TWI 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 11/011,365 words
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Advertisement1743 1998-12-04 29 Page 6 Wnkiy t« Eirop« Mala Nrtol lv#ry Monday and Saturday I JMract fa Irmwhaf in 10 day J I 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (lA)"^"^2os!o2™To!iS!EOfF!ar™ I I COSTAR SHIPPING PTE LTD #17-01 MS BIOG SAIiS/BKGS *****57/60 INWARD OCfT (0/0) *****85 COSTAR AGENCIES (M) SDN IKB1,743 words
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Advertisement650 1998-12-04 29 li EASTERN CAR UNER, LTD. jfc 1 Ett (SINGAPORE) PTE LTD SPECIALIZE IN ROttO A HEAVY UFT UPTQ 450 TONS I ECI (SINGAPORE) PTE HO 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 ETA CTG 12/12/98650 words
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Page 30 Advertisements
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Advertisement1418 1998-12-04 30 EUROPtAJK/SCAMDIMAVUVFIW^*OWJSM SGP ROM ANW HBG TMP ZEE LMV LHV TOP RDM ANW HBG PKL S6P E. DAINTY RW-OOS 06/12 26/12 26/12 27/12 21/12 25/12 30/12 E RIGHT RE-036 12/11 14AI1 13/11 11/11 17/11 18/12 11/12 E. DYNAMIC RW-002 13/12 02/01 02/01 0301 04/1)1 01/01 00/01 E. REWARD RE-031 11/11 21/111,418 words
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Advertisement909 1998-12-04 30 I ~====Pff PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, #03-00 PIL Balding, Singapore *****0. I I CR NO **********06 w m Lat-4 m sn> ml out oa m m KIHGA TWAIAI 2 443 3/12 I 4/1» I 11/12 10/12 -jfTjy mm*** nxtoit ijn |o?H lu/it iMi nM n909 words
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Advertisement666 1998-12-04 30 Pl* NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa vot s» pui DU» m cpt »c»~ wmwa vmis w/i? 17/1? ?i/i? wi? ?s/i? »/ii HAITCUMAGOII VOIOS 11/1? 7j/|? 01/01 QS/QI Q4/D1 mxui rtiwcE *.o?ts 27/12 10/01" 13/01 14/01 NAMIAIVBHIS V-Q3IS 03/01 12/01 I*ol m\ 20/01 73/01 GOtDBI DIUGOW666 words
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Page 31 Advertisements
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Advertisement454 1998-12-04 31 mm MYANMA pBBk FIVE STAR UNE (MyooMar National Um) Loading for Yangon (Rangoon) vtssa vor sin pkl pen pgu smwi S3w sio PATHEM 153W 09/12 MALAYSIA AGENTS: OOUSTEAD SHIPfIMG AGENCIES KIM: TEL (03)241/300 PKL TEL (03(*****01 Kit m (04)*****02 PGU: TEL (07)*****21/4 BANK LINE (A J«rvi(« of Andrtw W*ir Shipping)454 words
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Advertisement1544 1998-12-04 31 HYUNDAI MERCHANT MARINE CO., LTD. mg SOU I Lfl4 I RIM I ANT I HAM I MvTHH IVBSa VOYI SOU I 181 IWM I AW IHAM I IV I FbTTT NOIMS 006W 14/12 26/12 24/12 20/12 H/12 HYFBHUI 314E 11/11 18/11 14/11 17/1105/12 NY WE 315W 17/12 23/12 24/12 26/121,544 words
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Advertisement948 1998-12-04 31 > norMogian ipeadaed autocammn V£, QsSSKS Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" [VESSCL VOY RAMP HEIGHT SIN LAX CRI |MU SAV ML OiF NYC MW MOI |TOURCOING F824 I 400 Tons 6.3 M 15/12 09/01 11/01 21/01 23/01 25/01 26/01 27/01 01/12 OS/02 TAftOlA F9Ol 400948 words
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Page 32 Advertisements
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Advertisement926 1998-12-04 32 BANGKOK/MAP TA PHUT/LAIM CHABAMGI JAKARTA/PANJANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PpjN MATHUBHUM 392N 05/12 09/12 08/12 ANRO JAYAKARTA* 064 05/12 06/12 ACX RUBY 36N 06/12 09/12 10/12 OEJA BHUM 776S OS/12 09/12 YANTRA BHUM** 269N 06/12 09/12 10/12 VIRA BHUM 24QS 07/12 11/12 10/12 CHANABHUM"926 words
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Advertisement551 1998-12-04 32 INDONESIA NATIONAL LINE wt VOT I' S foti'l rna/rPMi h whc uuun Mftwtif avissh 15/1? tt/11 15/77" OMIT >S/>I TO AUSTRALIA FULL CONTAINER SERVICE WL I wt| nw I rat Im I STP I m Ihm I m IhT MISTBITBWISI m 43/11 05/1] U/H 14/1? il/IJ 24/12 27/17 tnntm tu551 words
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Advertisement974 1998-12-04 32 VESSELS Y WN LEH rtm ham zii sot VMEDEAMMOSA V2BW 06/12 o*l2 21/12 26/12 29/12 30/12 WW oS6i VILLE DE TANYA T29W 16/12 1«/12 26/12 04/01 O&J6T o*ol 06/01 (SOI VLLEDE TAURUS A29W 22/12 23/12 OVOI 11/01 12A>1 VM-LE D*AQUARIUS U29W 29/12 30/12 11/01 18AM 19AM 20/01 j2A)i S6i ALL974 words
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Page 33 Advertisements
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Advertisement49 1998-12-04 33 VaTAI Dial 740-6000 on demand (Retrieve more schedules!) SJ& Press "V JC\ Select the port and key in StKJ the four digit code eg: To New York (NYC) 2275 st£) Key in your fax number I your phone number Another innovative service offered by document Will be SHIPPING TIMES49 words
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Page 35 Advertisements
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Advertisement145 1998-12-04 35 MM 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 or145 words
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Page 36 Advertisements
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Advertisement626 1998-12-04 36 3 =S= bb BB 3E hSBH 3£ Jg SAMUDERA SHIPPING LINE LTD WE WILL BE AT OUR NEW PREMISES S 2E WITH EFFECT FROM Iff gg 7th DECEMBER 1998 jag S 72 Anson Road, JE Anson House S HC #06-01/03 and #07-03, ww Singapore *****1 {jjjg MAIN LINE: 535 3688626 words
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Advertisement699 1998-12-04 36 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM SPORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER IWSfI VOYAGE ETASMGAPOtE IU COLON*) ETAIARAOfII M 003HW otTn/w whim n/it/w SHMMMUI QO4HW 17/IZ/W 77/12/W VflVn WW 004HW ?4/1V99 H/12/W 03/DI/W SIUUMa 005HW 07/01/W H/01/W 17/Ql/W OOSHW 14/01/W H/DI/W 24/81/W ALSO ACCEPTING FUU CONTAINERS FOR699 words
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Advertisement372 1998-12-04 36 m FAR EAST 06/12 KEELUNG/KAOHSIUNG 06/12 BANGKOK 06/12 MANILA/CEBU 06/12 JAKARTA/BELAWAN/SURABAYA 06/12 PORT KELANG/PENANG/E MALAYSIA 05/12 BUSAN 06/12 TOKYO/YOKO/KOBE/NGO/OSA 06/12 HONG KONG SIN CHINA 06/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUROPE/UK 07/12 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 06/12 LOS ANGELES/NEW YORK all IPI points372 words
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Advertisement618 1998-12-04 36 I rrr# Singapore Soviet SUppfag CPL k\\V am* ioosouooom |\V Shipping PI WJJJ at Mi **********0 C VESSEL VOY SIN BOM PNG PKL BUXMOON 121N 09/12 15/12 24/12 KOTA RUKUN RKNO2I 10/12 17/12 29/12 KOTA RATU RTU29 18/12 20/12 04/12 VESSEL VOY SIN CALCUTTA SHI EPONYMA 001 05-06/12 11/12 21/12618 words
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Page 37 Advertisements
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Advertisement948 1998-12-04 37 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO HO SIM «T m roc ILW CMO jj HAL NTL ORE jj HfW tti HMD NOIGH MMANOA /0740 10/12 17/12 20/12 21/12 2»/H 31/12 04/01 00/01 04/02 09/07 10/07 13/02 17/07 21/02 24/02 nomnt/m 24/12 31/12 02/01 w/oi 24/01 20/01 11/01 03/02948 words
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Advertisement1574 1998-12-04 37 fiBB 1 mj? I iin 1 282—I tEi? W. «tm jj jj I stom kqoe I nacoya shmizuTtokyo! NYKSMUUS OSWMO 10.12 2112 2112 20.12 07.0) NYKANIAMS 07EA45 ot.ll 10.11 1111 1111 01.12 07.12 0112 1112 00.12 I l ll l mSO 17 0101 1 OH" 010' 00-01 NYKANOOOMUM OKA 441,574 words
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Advertisement109 1998-12-04 37 <S*TOYOFUJI SHIPPING CO, LTD. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER I BREAK BULK CARGO VESSEL VOT PK J SIN JKT MU I U I JfN DOPHMUS iT W/ll 01/12 03/12 06/12 07/12 17/U TRANS FUTUtE 1 11 04/12 01/12 22/12 TRANS PAOFK S M 13/12 IS/12 17/12 30/12 SOUTHERN (lOSSI 216109 words
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Page 38 Advertisements
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Advertisement877 1998-12-04 38 I VESSEL VOY TIGER S€A 665N 08-11/12 12-18/12 22-23/12 I TIGER ISLAND 664N 0W»12 13-17/12 21-22/12 I TIGER BAY 666N 19-24/12 28-29/12 I TIGER PEARL 667N 17-18/12 22-27/12 3 -01/01 I TIGER ISLAND 669N 21-22/12 26-31/12 05-06/01 I TIGER SEA 668N 24-25/12 30-05/01 06-07/01 I IVESSE^^^^VO^^SlN^calsh^l SINHAI 024 06-05/12 12-17/12877 words
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Advertisement782 1998-12-04 38 FREIGHT LINKS EXPRESS Te,: *****66 t 6O Lines) Fax: *****33 E-mail: fUsinesin9lmt.com.sg LCL DIRECT SAIUNG NEW DELHI (INDIA) COCHIN (INDIA) ABU DHABI (UAE) MERSIN (TURKEY) ISTANBUL (TURKEY) IZMIR (TURKEY) Overseas Offices Hongkong *****113 flmseosioonlino.not Port Kelong *****40 flometm.not.my Bangkok *****42 kunthidaefleth.co.th Surabaya *****00 flo-subesby.maga.not.id Jakarto *****48 flw6B9ierod.not.id Penang *****90 flepsbepo.|oring.my782 words
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Advertisement1062 1998-12-04 38 CFs"KeopeTDistmir" 79 teuM #11-04 (S) *****6 M Sl3 #01-128 -4- <1 NO **********0H U. 272 7127 ftr koMtf (Jj. aagsflSL-u, tei7ims IMokiyva Sdn Bhd (Rag No: *****2-U) of KUUNGJATA Uk 03-754 7776 Fax: 03-754 4457 rtNANG U: 04-*****45/ I Fax:o4-*****43 3269/50 h««9VP**f *07-*****64 Fax: 07-*****77 IWmAaiKKAIKA/CiUUM O MfIMIU T0 Ut1,062 words
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Page 39 Miscellaneous
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Miscellaneous129 1998-12-04 39 LEGEND R Thunderstorm Temperature «q X\ V Shower Weother Wmd dwection with speed m knots Roin J t Cloudy Sky Wove height Surface winds ore indicated by arrows which fly with the wind Cl) One fun circle represents calm or light ond vonoble wmds i—One hoH Heche reprint, 5 knots129 words
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Page 40 Advertisements
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CHRISTMAS'98
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Article, Illustration688 1998-12-04 41 Jaime Ee - By Jaime Ee HANDS up, those who, at the sight of the first Christmas candy cane in the supermarket and the sound of Karen Carpenter singing about snow, are stricken with a sudden sense of delicious dread. It's the kind of bitter-sweet anticipation that says: Hey,Design: Ben Cruz - 688 words
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Article, Illustration841 1998-12-04 42 TAN SU YEN - With supermarkets and delis offering a sumptuous spread of seasonal goodies and home delivery, organising do-it-yourself parties should be a breeze, says tam su yen TAN SU YEN Never quite figured out how to walk that tightrope between burning your Christmas turkey and serving a still-bloody841 words
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Article, Illustration437 1998-12-04 43 TAN SU YEN - This season the glamorous image is back with lush colours and rich materials, says tan su ten TAN SU YEN IT'S all-out glamour this Christmas as luxurious fabrics and lush colours take centre-stage this year-end. From Giorgio Armani to Donna Karan, movie-star glamour is very437 words
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Article, Illustration1072 1998-12-04 44 JAIME EE - Stressed out by Christmas shopping? Let jaime be give you some tips on how to beat the clock JAIME EE THERE are less than three shopping weeks left to Christmas. You've made your list, but lost it twice and now you have to make aFILE PHOTO - 1,072 words
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Article326 1998-12-04 44 Doctor suggests ways to connter holiday stress Bridge News [COLORADO SPRINGS, Colorado] "Maximise everything" is a contemporary American axiom that concerns Richard Swenson, a Wisconsin physician researching the impact of culture on health. This modern motto is amplified during the holidays when expectations are higherBridge News - 326 words
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Article, Illustration1028 1998-12-04 45 JAIME EE - JAnm be has a list pf great gilt ideas for the hedonist who has everything JAIME EE IF you think Christmas looks bleak this year, we suggest you just pop out into Orchard Road and see the crowds for yourself. Yes, we may be in a recession1,028 words
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Article, Illustration776 1998-12-04 46 TAN SU YEN - Posh restaurants are offering diners both lavish and budget choices, says tan su raw TAN SU YEN Remember way back when festive fun meant hopping from hotel to hotel sipping Christmas cocktails and. getting to take the ceramic Santa mugs home? Well, since then,776 words
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703 1998-12-04 46 Elizabeth Large - Here's some practical advice on how to have a great holiday without a panic attack By Elizabeth Large LATWP MOST of us love the holidays. We just hate the stress attached to them. Wouldn't it be nice if this year we could entertainLATWP - 703 words
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Article, Illustration1393 1998-12-04 48 PARVATHI NARAYAN - pabvathx naratam has handpicked 15 festive reads for your own delight or as gifts PARVATHI NARAYAN IT is a bit of a storybook fantasy picture —of sitting curled up in an armchair under a golden yellow light, a steaming cuppa on the table close by1,393 words
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Article, Illustration563 1998-12-04 50 JAIME EE - Jaime ee suggests household items you can give to friends and family or to brighten up your own home JAIME EE EVERYBODY'S so houseproud these days, nothing goes down better at Christmas than a well-chosen gift for your good friend's or relative's home. You don't563 words
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Advertisement267 1998-12-04 41 ■!> BP-* > >-:• 3^; >*%. HI Unbelievable but true! Compaq is giving as much as 30% off on Armada Notebooks for the festive season. So, if you've HjUmi S LJB wished for an all-in-one portable, this is it and now's the time! The Compaq Armada packs in CD-ROM, diskette267 words
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Advertisement33 1998-12-04 41 oovmrsB Home entertaining made easy Ff 2 Christmas glamour Pf3 Dealing with holiday blues P|4 Gift ideas for the hedonist PgBandO Best dining deals in town-Ifr6 Ftestive reads fit Gifts for the home-PglOaadll33 words
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Advertisement384 1998-12-04 42 A M to the max. The oscillating Face-to-face, the new to tenths of a second. (Hours A weight is a dual direction, Concord Impresario and minutes, as well.) What that means: one day of powerful statement as one In addition, there's a small L i normal wear revs up 50384 words
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Advertisement150 1998-12-04 43 S| only 99 grams* Integrated JH data interface V O- EFR improved linguistic quality jl L HPi| *MFI rM9fKv) f' l l| Hi!lTilni' l l II liM 1 J/ tI A, *Wrth optional 360 mAh lithium-ion battsry. v** I \9^*^i I '7 (fBHBMlilflB S5^S 4wrMl «fe/£l A ji Jpjfii H150 words
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Advertisement130 1998-12-04 44 It would be a crime to keep the opening of our new store all to ourselves. It would be a bigger crime to pass it by. A To celebrate the opening of our new boutique, we are giving away 2 Eastern Oriental Express rail tickets to one lucky customer. Make130 words
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Advertisement521 1998-12-04 45 Cortina Watch Centre Presents Chopard Timepiede Jewellery Exhibition 1 tAs a leading retail watch specialist of fine Swiss timepieces for over 25 years, Cortina Watch Centre isjjfffowned for its personalized service. In their first collaborative effort together, Centre is proud to present their premier Chopard Timepiece and Jewellery JMUMtion in521 words
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Advertisement390 1998-12-04 46 n- 7 6 Jkmp LimqzecM^ijts FOR HER... FOR HIM... FOR THE KIDS... hiw Sun and Moon Earrings Sterling silver with 24 kt gold OwlZum M Jerboa Mice electroplate and rhineatone<j. Indian New Mexico Tinv mice from He1i0p0158.ca.2791-1786 B.C. Ui976oA) pierced{h976iA) clip i 9 th century. Hand-painted ceramic. Hetof J Vsf390 words
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Advertisement238 1998-12-04 47 IK BELGIUM DIAMONDJUI Diamond solitaires cut and certified in Belgium: Certificates are from Belgium and issued by International Gemmological Institute, Antwerp, Belgium (IGI) -p I Best Collection Designs 1.5.1 Ctdlllalt^^ Antwerp, Belgium Antwerp. Belgium Antwerp. Belgium Antwerp, Belgium "V Wm <••• Wm3K*?*.&& Ps sKK&I < iiv- y\\ >. •••>• H238 words
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Advertisement102 1998-12-04 48 GOLD/^PFEIL GERMANY Men's Shoulder Bag 3^sHBBs|l^^ 04-0357-00-142-7 The distinguished Oxford Collection is an investment in classic, enduring, yet carefree elegance. It is hand-made with low toned" tanned leather the distinctive "Oxford look" and its inner compartment luxuriously lined with high quality jacquard or tafetta. Even the fittings, made with great102 words
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Advertisement28 1998-12-04 49 T|y. IC iHyHi^^B-''- ?>urr* -J! > HBfc W. imL* Jk K- 1b WjL J7 1 J p^v BOSS BOSS lifc, MK, fc, ISETAN SCOTTS LEVEL ANN CITY CITY MALL28 words
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Advertisement189 1998-12-04 49 8 of a pen was destined 3kg to be an endangered species M f the moment it was created. J J Blame it on its very limited edition. Or thanks g I'- to its rarity and r-' i W Vfftlijß. j t How you look at it depends cm whether189 words
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Advertisement114 1998-12-04 50 i- >' C&f .I, Ifcl*,| .-t--:ft,Jt? 4-- jt~ S^^F**' j .< Ir-rt -iV'^y l^«fr ■%s¥& >a ai|J#^ -> i^^^iflWPNSikj-■ ~'i^^^Kr jSfflL* t -J3i&&3& H il 1 1 MPP^"" W&£ r 3^Pr? Sii fci n:a> c t sRVfi ;i ;4Wiiin fi y^vi>i t -1™ -thw*** «m*v« wm tw& HH snnwoD lowers.114 words
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Advertisement220 1998-12-04 51 Bank of America Season's Greetings From Bank of America: We wish a!! and associates a Joyous Christmas A promising New Year In the spirit of the season, savings from our annual expenditure on Christmas Cards will be donated to selected charitable organisations. I atiit fy//*] 4 *1 (\\A\Y\ AH YAT220 words
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Advertisement28 1998-12-04 52 -J A jMI m */2 yA m jMHjg 7* II iH P wjfc lr m m W Mm W A J dfl V Jrnmt L ffl K I -'!>28 words
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