The Business Times, 4 December 1998

Microfilm: NL21360
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    25 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, 1998
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  • Article
    MARKET SUMMARY
    59 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* -40.7
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  • Article
    FINANCE
    75 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 SYDNEY
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  • Article
    Bundesbank leads surprise Euro rate cute
    931 1  -  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.
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  • Article
    Lock icon Dow 96 pts lower at noon EST
    86 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 really
    Bloomberg,; Reuters  -  86 words
  • Article, Illustration
    LC Development explains its $700 psf Draycott sale
    1066 1  -  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 Draycott
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  • Article
    M'sia extends great property sale to one month country-wide
    672 1  -  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 Saturday
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  • Article, Illustration
    Lock icon Bearers of glad tidings
    118 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
  • Article
    Japanese economy shrinks 0.7% – its fourth in a row
    469 1  - 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 an
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      157 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 blunder
      157 words
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      46 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 6
      46 words
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      Page 1 Advertisements Column 3
      69 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 more
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      StarHub names CEO after exhaustive search
      494 2  -  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 president
      494 words
    • Article, Illustration
      Lock icon FairPrice opens US-style store; set to expand 3rd line
      586 2  -  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, is
      SIEW YAW HOONG  -  586 words
    • Article, Illustration
      Lock icon Langston Ville set to be launched from $600 psf
      378 2  -  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-bloc
      CHRIS LOH  -  378 words
    • Article
      Knight Frank auction draws few buyers
      325 2  -  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 follows
      325 words
    • Article
      Central Grove phase 2 to go for $460 psf
      270 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 launch
      270 words
    • Article
      Double-digit falls in Asean trade
      355 2  -  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 economies
      355 words
    • Article
      Dresdner securities unit lays off 13
      317 2  -  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 the
      317 words
    • Article
      Arnold Palmer to design 2nd course at Legends
      312 2  -  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 already
      312 words
    • Article
      PCS investing US$90m to expand cracker capacity
      352 2  -  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 by
      352 words
    • NEWS Roundup
      • Article
        SingTel to spend $19m on payphones
        80 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 of
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      • Article
        Drop in visitors to oil trade show Osea
        128 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 to
        128 words
    • Article
      Aussie 2nd-hand store opening
      561 3  -  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, which
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    • Article
      S-E Asia IT market seen turning around next year
      327 3  -  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 studies
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      197 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 timing
      197 words
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      165 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 \\<> I
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Indon politics increasingly polarised, says PDI official
      626 4  -  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 party
      626 words
    • Article
      Lock icon HKMA may lift curbs on short-term HK dollar bonds
      188 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 the
      Bridge News  -  188 words
    • Article
      Greenback falls sharply on Dow fears, STI slumps 2.9%
      766 4  -  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 the
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    • Article, Illustration
      Lock icon Living from hand to mouth
      67 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. Over
      REUTERS  -  67 words
    • Article
      Lock icon Daim says West tardy in financial reform
      414 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 foot
      AFP  -  414 words
    • Article
      Lock icon Negative outlook for M'sia sovereign ratings
      352 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 bonds
      AFP  -  352 words
    • Article
      Lock icon KL's asked World Bank for US$3b in loans this year
      310 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 for
      AFP  -  310 words
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      68 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 Parade
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      9 4 Habibie agrees to earlier election of president, Pg 6
      9 words
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  • WORLD BANK REPORT
    • Article, Illustration
      Lock icon Sending interest rates up a blunder, says World Bank
      668 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 a
      NYT; FILE PHOTO  -  668 words
    • Article, Illustration
      Lock icon IMF defends Asian remedies as necessary
      420 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," the
      Reuters  -  420 words
    • Article, Illustration
      Lock icon Latin America growth to hit 0.6% in '99
      465 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 Bank
      Reuters; AFP  -  465 words
    • Article
      Lock icon Major risk of global recession forecast
      358 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, the
      Reuters  -  358 words
    • Article
      Lock icon World Bank sees soft landing for US economy
      173 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 of
      Reuters  -  173 words
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  • SOUTH-EAST ASIA
    • Article
      Habibie agrees to earlier election of president
      495 6  -  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's
      495 words
    • Article
      Lock icon Mosques attacked in Borneo
      159 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, the
      Reuters,; AFP  -  159 words
    • Article, Illustration
      Lock icon Habibie orders A-G to take legal steps to probe Suharto
      485 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 minister
      AFP; REUTERS  -  485 words
    • Article
      New Indon mining policy to give more power to provinces
      607 6  -  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 more
      607 words
    • Article
      Lock icon Ex-driver thought nothing of the acts till he met Ummi
      518 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 of
      Reuters  -  518 words
    • Article
      Lock icon Police raided office of our lawyer, complains defence
      119 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 taken
      AFP  -  119 words
    • Article
      Lock icon Anwar's reform movement to set up party; report
      351 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 members
      AFP  -  351 words
    • Article, Illustration
      Lock icon 27 die in Manila, orphanage fire
      35 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. AFP
      AFP  -  35 words
    • Article
      Lock icon M'sian petrochem plant gets Japan loan
      147 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 finance
      Reuters  -  147 words
    • Article
      Lock icon Cambodia may not attend Asean summit if not made member
      315 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 said
      Bernama  -  315 words
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      61 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,
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      777 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 of
      777 words
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      61 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
    • Article
      Lock icon HK raising home mortgage loan limits to 85% from 70%
      467 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 a
      Bloomberg  -  467 words
    • Article
      GIC-linked China bank hires Zhu's son
      362 8  -  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 Levin
      362 words
    • Article
      Lock icon Some Guangdong listed firms tax defaulters: report
      219 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 in
      AFP  -  219 words
    • Article, Illustration
      Lock icon China says buck stops with top officials for graft
      349 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 a
      Reuters  -  349 words
    • Article
      Lock icon Vote-buying widespread: Taipei
      224 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 told
      AFP  -  224 words
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      749 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, 1998
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      711 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
    • Article
      Lock icon LDP, Liberal Party still divided over tax cuts
      487 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 in
      Bloomberg  -  487 words
    • Article
      Lock icon North Korea bracing for a fight with US: minister
      193 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 stifle
      AFP  -  193 words
    • Article
      Lock icon India's Net market to 'explode' in two years
      133 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 all
      AFP  -  133 words
    • Article
      Lock icon India expects growth to top 6% this year
      231 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 is
      Reuters  -  231 words
    • Article
      Lock icon Indian insurance bill faces opposition
      366 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. "Many
      Bloomberg,; Bridge News  -  366 words
    • Article, Illustration
      Lock icon Clinton-Sharif talks cover nuke weapons, Pakistan's economy
      363 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 Department
      Bloomberg; REUTERS  -  363 words
    • Article
      Lock icon Japan's insurers, hit by stock losses, look for foreign rescuers
      363 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 buyers
      Reuters  -  363 words
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      204 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-flight
      204 words
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      72 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' -*\}Vjgm
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  • THE WORLD
    • Article
      Lock icon IMF approves US$5.3b payment for Brazil
      542 10 WASHINGTON Pond's decision expected to unlock USs4b from major industrial nations Reuters THE International Monetary Fund approved a US$5.3 billion (SsB.7 billion) payment from its rescue package for Brazil on Wednesday, clearing the way for other lenders to rush billions more to Latin America's
      Reuters  -  542 words
    • Article
      Singapore contributing 99m SDR
      143 10 SINGAPORE SINGAPORE will contribute 99.36 million special drawing rights (SDR), or about US$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
    • Article
      Lock icon US Q3 productivity up 3%, outpacing govt estimate
      319 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 cent
      Bloomberg  -  319 words
    • Article
      Lock icon BOE faces more pressure to cut rates next week
      565 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 the
      Bloomberg  -  565 words
    • WORLD Watch
      • Article
        Lock icon Moscow to draft new economic plan
        82 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 Michel
        Reuters  -  82 words
      • Article
        Lock icon Russia trying to pay debt with bonds
        89 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 the
        Bloomberg  -  89 words
      • Article
        Lock icon French jobless demand Christmas bonus
        85 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 10,000
        Reuters  -  85 words
      • Article, Illustration
        Lock icon Winter of discontent
        51 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 improvement
        Reuters  -  51 words
      • Article
        Lock icon Boost for Israel's ultra-nationalists
        78 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 Religious
        AFP  -  78 words
    • Article
      Lock icon WTO sees modest world trade growth
      562 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 earlier
      Reuters  -  562 words
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      102 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 a
      102 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Transnational companies can be good for you
      632 11  -  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 been
      632 words
    • Article
      IN OTHER WORDS
      161 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 help
      161 words
    • Article
      Time isn't on Malaysia's side
      615 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
    • Article, Illustration
      Lock icon Washington finally stops fixating on Clinton's sex life
      1187 11  -  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-term
      FILE PHOTO  -  1,187 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      939 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 would
      939 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Office party tips for the spouse
      813 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 approach
      LAT-WP; FILE PHOTO  -  813 words
    • Article, Illustration
      Lock icon Breast cancer: Role of diet still unclear
      822 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, experts
      LAT-WP; FILE PHOTO  -  822 words
    • Article, Illustration
      Lock icon A writer with an ear for peasant speech
      750 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 in
      NYT; FILE PHOTO  -  750 words
    • Article
      Lock icon Auction turns into bid to return heritage to tribes
      848 13  -  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 expected
      NYT  -  848 words
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      Page 12 Advertisements Column 1
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      117 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      407 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 Mount
      407 words
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      Page 13 Advertisements Column 2
      114 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 dishes
      114 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      828 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
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      148 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) E
      148 words
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      168 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■] I
      168 words
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  • COMPANIES & MARKETS
    • Article
      SPH named best-run S'pore firm in survey
      398 15  -  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 newspaper
      398 words
    • Article
      Share buybacks will be treated as dividends: IRAS
      305 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 shareholders
      305 words
    • Article
      FCC could show the way to raise cash in tough times
      624 15  -  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
    • Article
      US fund buys Astra unit for US$90m
      412 15  -  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
    • Article
      Transmarco 1st-half loss more than doubles to $9.3m
      207 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 telecommunications
      207 words
    • REGIONAL COMPANIES
      • Article
        Jardine Matheson swaps Fleming stake
        600 16  -  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 Robert
        600 words
      • Article
        YHS quoted securities' value falls
        177 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 these
        177 words
      • Article
        Lock icon Khong Guan proposes to buy Marco for RM50m
        181 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 acquisition
        Bernama  -  181 words
      • Article
        Lock icon Competition driving Tenaga out of power generation
        510 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 heats
        Bloomberg  -  510 words
      • Article, Illustration
        Lock icon Proton posts RM123m interim loss
        398 16  -  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. Proton
        FILE PHOTO  -  398 words
      • Article
        Lock icon Hicom RM139m in the red at half time
        246 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
      • Article
        Lock icon Sime Bank sale completion deferred again
        186 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 of
        Bernama  -  186 words
      • Article
        Alliance Technology pulls out of Aussie underwater world
        315 16  -  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
      • Article
        Pacific Can CEO sacked in management reshuffle
        169 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 over
        169 words
      • COMPANY Briefs
        • Article
          Lock icon OCBC not seen to rule out foreign tie-up
          96 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 of
          Bridge News  -  96 words
        • Article
          Lock icon ST Engineering slips on profit worry
          73 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 highest
          Bloomberg  -  73 words
        • Article
          Chemical Industries posts $3.2m loss
          118 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 cents
          118 words
        • Article
          Capital Group ups stake in Venture
          58 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 and
          58 words
        • Article
          Director of Hwa Hong unit retires
          58 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. Hwa
          58 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Toshiba, Fujitsu tie up to develop one gigabit DRAM chips
        521 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. The
        Bloomberg; REUTERS  -  521 words
      • Article
        Lock icon HP forecasts sales growth of 8-10% in fiscal 1999
        190 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' meeting
        Bloomberg  -  190 words
      • Article, Illustration
        Lock icon BMW shares dive 5% as Rover chief quits
        290 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 5
        FT; REUTERS  -  290 words
      • Article
        Lock icon Kellogg to cut jobs, focus on cereal business
        322 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
      • Article
        Lock icon SEC approves new rules for electronic trading systems
        322 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 electronic
        Reuters  -  322 words
      • Article
        Lock icon Microsoft in deal to stay ahead in Net TV race
        130 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
      • Article
        Lock icon French No 2 and No 3 drug firms in FFr58.4b merger
        386 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
      • Article
        Lock icon Sears Roebuck's profit warning triggers M in US retail stocks
        315 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 (554.3
        FT,; Bloomberg  -  315 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Special audit shows no hidden bad loans: Fuji Bank
        322 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 a
        Bloomberg  -  322 words
      • Article
        Lock icon Hongkong Bank, hit by regional crisis, freezes pay
        404 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 economic
        AFP  -  404 words
      • Article, Illustration
        Lock icon Deutsche buys C Lyonnais Belgium for Dml1b
        403 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
      • Article
        Lock icon Exxon, Mobil likely to gain leverage over Opec
        590 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 Organisation
        NYT  -  590 words
      • Article
        Lock icon J P Morgan ignores founder's bias
        327 18 Bloomberg [NEW YORK] J P Morgan Co has made no secret of the role it played advising Exxon Corp in its US$79 billion (Ssl3o billion) agreement to buy Mobil Corp. The investment bank even went so far as to host the press conference. That
        Bloomberg  -  327 words
      • Article
        Futures follow Dow lower
        185 19  -  PMwmi Reports MSCI Singapore Index Bob Butcher, Jardine Fleming A SELL-OFF in the US market overnight got MSCI Singapore Index futures off to a lower start along with most markets in the Asian region. It's hard to keep a good market down though and the 200
        185 words
      • Article
        Futures down in quiet trading
        153 19  -  MSCI Taiwan fatnres Perry Gilbert, Refco Singapore THE Simex MSCI Taiwan Stock Index futures closed marginally lower in a quiet session. Sentiment remained a touch nervous with US institutions a noted seller over the day. US markets saw sharply lower early trading yesterday in the
        153 words
      • Article
        Lock icon Oil prices post fragile gains
        411 19 ENERGY REPORT Reuters [LONDON] Oil prices rose tentatively yesterday but market sentiment remained fragile with some seeing further falls without severe winter cold, traders said. Benchmark Brent blend crude futures for January delivery gained 12 cents to US$lO.4B a barrel at 1435 GMT, not far
        Reuters  -  411 words
      • Article
        Lock icon CURRENCY REPORT
        319 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 expecting
        Reuters,; AFP  -  319 words
      • Article, Illustration
        Untitled
        1203 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 1642
        1,203 words
      • Article
        Untitled
        1757 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 3
        1,757 words
    • Article, Illustration
      Lock icon HONGKONG
      1320 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 per
      Reuters,; AFP  -  1,320 words
    • Article
      Lock icon TAIPEI
      375 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," said
      AFP  -  375 words
    • Article, Illustration
      Lock icon CHINA
      540 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 of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  540 words
    • Article
      WORLD STOCK MARKETS
      2205 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 BR
      2,205 words
    • Article
      Lock icon TOKYO
      1608 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 retreat
      Bloomberg  -  1,608 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8893 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 jaya
        8,893 words
      • Article, Illustration
        Lock icon Moody's downgrade has minimal impact
        391 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 rose
        AFP  -  391 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2495 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 16
        2,495 words
      • Article
        CLOB INTERNATIONAL
        229 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 $«H 400 250 COL (2000) HK 400 I I I &0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_720 265.0
        229 words
      • Article
        Keppel T&T wrt: very appealing numbers
        200 22  -  WARRANT WATCH Of R Sivanithy THE market has gone soft suddenly in the light of the wobbles on Wall Street and the strength of the Japanese yen, so caution is now the watchword. But it's unlikely that after going through more than a year
        200 words
      • Article
        Lock icon WELLINGTON
        248 22 AFP n Wellington -27M SHARES slumped 1.4 per cent yesterday as the sell-off on Asian markets and a continuing slide in world commodity prices hurt many leading local stocks. The NZSE-40 Index lost 27.86 points to 1,903.64 on turnover of NZ$lO6 million. n>i «n rooo) AMZ a*n»infl 12.30 -0.20
        AFP  -  248 words
      • Article, Illustration
        Lock icon BANGKOK
        761 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 some
        AFP  -  761 words
      • Article
        Lock icon SEOUL
        418 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 1.2
        AFP  -  418 words
      • Article
        Lock icon SYDNEY
        566 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 million
        AFP  -  566 words
      • Article, Illustration
        Lock icon JAKARTA
        706 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 fresh
        AFP  -  706 words
      • Article
        Lock icon MANILA
        305 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. —AFP
        AFP  -  305 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6983 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 -2 911
      6,983 words
    • Article
      SESDAQ
      1275 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 >1.0 133.6 123
      1,275 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        408 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 City
        408 words
      • Article, Illustration
        STI loses 1,350 mark after weakness in US, Europe
        643 24  -  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 shake
        643 words
      • ON THE GRAPEVINE
        • Article
          The lure of Amex platinum
          111 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 were
          111 words
        • Article
          Double take
          62 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 may
          62 words
        • Article
          No frills in this affair
          74 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 which
          74 words
        • Article
          Moronic merger averted
          41 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
        • Article
          Dr M and Soros as soul mates
          118 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, Dr
          118 words
      • Article, Illustration
        HOT STOCK
        80 24  -  -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 this
        80 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      52 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 F
      52 words
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      37 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 Column 1
      87 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 Column 1
      1462 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 1
      1,462 words
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      Page 18 Advertisements Column 2
      341 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 Airfreight
      341 words
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      Page 18 Advertisements Column 3
      342 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 passed
      342 words
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      Page 18 Advertisements Column 4
      440 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 54
      440 words
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      71 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 "fn
      71 words
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      23 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 TheßusinessTimes
      23 words
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      529 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 following
      529 words
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      Page 24 Advertisements Column 2
      426 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 Resolutions
      426 words
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      Page 24 Advertisements Column 3
      340 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 Investments
      340 words
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      Page 24 Advertisements Column 4
      115 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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      Page 24 Advertisements Column 5
      80 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's
      80 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      323 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 rates
      Bridge News,; Reuters  -  323 words
    • Article
      MARITIME STOCKS
      267 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 KappoJCorp
      267 words
    • Article
      ITF opens Manila office offering help to seafarers
      424 25  -  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 of
      424 words
    • Article, Illustration
      New cranes for PSA's Aden terminal
      155 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 under
      155 words
    • Article
      When a ship master is not bound to follow order of time charterer
      680 25  -  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 relates
      680 words
    • Article, Illustration
      Lock icon MPA advances phase 3 towage scheme
      329 25  -  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 Phase
      FILE PHOTO  -  329 words
    • Article
      Guangzhou port's access channel being deepened
      556 25  -  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 to
      556 words
    • Article, Illustration
      Lock icon Setting new sights in China
      1249 26  -  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 scene
      Photo: CHRIS LOH  -  1,249 words
    • Article
      SHIPPING SCHEDULES INDEX
      371 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 13
      371 words
    • Article
      SHIPPING GUIDE
      17799 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 Sar
      17,799 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        718 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 alongside
        718 words
      • Article
        CONTAINER SCHEDULES
        1817 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 "i
        1,817 words
      • Article
        GLOBAL HOLIDAYS
        217 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: Christmas
        217 words
      • Article
        COCKETT BUNKER MARKET REPORT
        922 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 individual
        922 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        514 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$mt
        514 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon PAL shareholders to inject US$150m into ailing airline
        447 40 Chairman Lncio Tan to provide USs9om, other shareholders the rest AFX Asia, Bloomberg [MANlLA] Existing shareholders of Philippine Airlines (PAL) will inject US$l5O million (***** million) into the beleaguered airline after talks with Cathay Pacific and Northwest Airlines broke down, executive vice-presi-dent
        AFX Asia,; Bloomberg; FILE PHOTO  -  447 words
      • Article, Illustration
        Lock icon Air France to choose Continental or Delta as alliance partner next year
        224 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 will
        AFP  -  224 words
      • Article, Illustration
        Lock icon Northrop to lose US$150m in sales on Boeing cutbacks
        326 40 Bloomberg [LOS ANGELES] Northrop Grumman Corp, one of Boeing Co's largest suppliers, said it will lose about US$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
      • Article
        Lock icon Finnair to join oneworld very soon
        181 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-biggest
        Bloomberg  -  181 words
      • Article
        Lock icon FAA clarifies how recorder data from airlines will be used
        362 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 Flight
        Bloomberg  -  362 words
      • Article
        ANA forms partnership with SAS
        200 40  -  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 to
        200 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1716 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. VH742
        1,716 words
      • Article, Illustration
        Lock icon Renault aims for sales of 4m vehicles
        544 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
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      28 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 2
      28 words
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      Page 25 Advertisements Column 2
      119 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 a
      119 words
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      1114 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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      Page 26 Advertisements Column 2
      735 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 FROM
      735 words
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      Page 27 Advertisements Column 1
      1047 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 MOSEI
      1,047 words
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      Page 27 Advertisements Column 2
      1955 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 PIT
      1,955 words
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      Page 27 Advertisements Column 3
      553 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/ii
      553 words
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      Page 28 Advertisements Column 1
      1389 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 25.12
      1,389 words
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      Page 28 Advertisements Column 2
      962 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" VOY
      962 words
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      Page 28 Advertisements Column 3
      643 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/40
      643 words
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      Page 29 Advertisements Column 1
      1365 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 11/01
      1,365 words
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      Page 29 Advertisements Column 2
      1743 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 IKB
      1,743 words
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      Page 29 Advertisements Column 3
      650 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 12/12/98
      650 words
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      Page 30 Advertisements Column 1
      1418 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 21/11
      1,418 words
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      Page 30 Advertisements Column 2
      909 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 n
      909 words
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      Page 30 Advertisements Column 3
      666 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 DIUGOW
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      Page 31 Advertisements Column 1
      454 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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      Page 31 Advertisements Column 2
      1544 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 26/12
      1,544 words
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      Page 31 Advertisements Column 3
      948 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 400
      948 words
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      Page 32 Advertisements Column 1
      926 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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      Page 32 Advertisements Column 2
      551 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 tu
      551 words
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      Page 32 Advertisements Column 3
      974 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 ALL
      974 words
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      49 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 TIMES
      49 words
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      145 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 or
      145 words
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      626 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 3688
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      Page 36 Advertisements Column 2
      699 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 FOR
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      Page 36 Advertisements Column 3
      372 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 points
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      618 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 21/12
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      948 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 03/02
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      Page 37 Advertisements Column 2
      1574 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 44
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      Page 37 Advertisements Column 3
      109 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 216
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      877 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 12-17/12
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      Page 38 Advertisements Column 2
      782 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.my
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      Page 38 Advertisements Column 3
      1062 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 Ut
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      129 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 knots
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  • CHRISTMAS'98
    • Article, Illustration
      Lock icon The season of giving
      688 41  -  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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      Home party made easy
      841 42  -  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-bloody
      841 words
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      Colour me gold and silver
      437 43  -  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 very
      437 words
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      Lock icon Last minute but not least
      1072 44  -  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 a
      FILE PHOTO  -  1,072 words
    • Article
      Lock icon Tips to beat holiday blues
      326 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 higher
      Bridge News  -  326 words
    • Article, Illustration
      Recession? Bah... humbug
      1028 45  -  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 recession
      1,028 words
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      Menus based on taste and budget
      776 46  -  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
    • Article
      Lock icon Have yourself a merry and stress-free Christmas
      703 46  -  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 entertain
      LATWP  -  703 words
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      Some good ink on paper
      1393 48  -  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 by
      1,393 words
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      Home in on the house
      563 50  -  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't
      563 words
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      267 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, diskette
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      Page 41 Advertisements Column 2
      33 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-PglOaadll
      33 words
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      384 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 50
      384 words
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      150 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 H
      150 words
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      130 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. Make
      130 words
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      521 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 in
      521 words
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      390 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 Vsf
      390 words
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      238 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\\ >. •••>• H
      238 words
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      102 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 great
      102 words
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      28 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 MALL
      28 words
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      Page 49 Advertisements Column 2
      189 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 whether
      189 words
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      114 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.
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      220 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 YAT
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