The Business Times, 8 December 1998

Microfilm: NL21360
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    13 1 MITA(P) lt(Via«7 85* THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, DECEMBER 8, 1998
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  • Article
    MARKET SUMMARY
    66 1 SB umas (+19.69) mm bt-su U MU7 (+0.21) pVflOßanmnEs U 307JS (+4.01) EllillErMWDe HKni STOCK ■ABKETIXDKES Monday Chance ELSE COUP 114.78 -1148 NIKKEI 14,78.48 +8U2 HANG SENG 10,***** _+4«M8 SET INDEX" Oond JAKARTA OOMP _J88« +8.08 MANILA COMP _13H* ♦11.72 TAIPEI WP! 7JHJ4—+18LM SEOUL COUP ***** +23.81 CUSA
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  • Article
    FINANCE
    73 1 FOBEX BATES U8t S$ US* MM £(USS/S$ per UN 17M DM U7t 0J87 TEN lit! 1J« IM MM .1438 HKS 7.741 1314 BART 3US M4« BJPIAH 7J37 1.023 'strnrnmiu maims SINGAPORE* US KlIALA LUMPUR 11.50 JAKARTA 28. W BANGKOK 1475 MANILA AN H0N0 KONG 10.25 TAIPEI 8J0 SYDNEY 8.46
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  • Article, Illustration
    Lock icon Mercedes-mania drives up C&C shares
    293 1  -  By Christopher Tan [SINGAPORE] Mercedes-ma-nia went into overdrive over the weekend. On Saturday and Sunday, bookings for the yet to be launched S-class the most expensive Merc line more than doubled from Friday's already unexpected haul of 100 cars. Informed sources said distributor Cycle Carriage
    Source: Bloomberg  -  293 words
  • Article
    No clear price trend yet in higher-end condos
    838 1  -  Sentiment to dictate where prices go from here, say analysts By( Corinne Kerk Ang Wan May [SINGAPORE] Prices in the lower end of the private home market may have hit bottom, but the situation is less clear in the mid-range and luxury
    838 words
  • Article
    Lock icon Dow steady at midday after Friday's jump
    134 1 Reuters [NEW YORK] Stocks barely gained ground at midday after the market had earlier built on Friday's strong gain and followed a rally in Asian markets overnight. Around noon EST, the Dow Jones industrial average was up 1.03 points at 9,017.17 after gaining
    Reuters  -  134 words
  • Article
    HK leads regional stocks with 5% surge
    231 1  -  Ven Sreenivasan [SINGAPORE] Regional stock markets built on Friday's gains to close higher yesterday, buoyed by improving investor sentiment and a more positive economic outlook for the region. A notable exception was Malaysia, a market which some Singapore investors have been watching with
    231 words
  • Article
    Klang port operators, haulage firm to merge in revamp Klang port operators to merge
    520 1  -  Restructuring seen as part of KL's bid to cnt dependence on Singapore From B Meera Tharmaratnam in Kuala Lumpur THE two main Port Klang operators and a road haulage company are to be merged to create
    520 words
  • Article
    Lock icon ING Barings offers to buy fund managers' M'sian portfolios
    501 1 Exchange rate of 42 ringgit to US dollar quoted for buyout Bloomberg [KUALA LUMPUR] ING Barings is offering a way out for the estimated US$lO billion (Ssl7 billion) in foreign funds trapped by Malaysia's capital controls. ING traders have been calling
    Bloomberg  -  501 words
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      147 1 uihuib m wy $ho3r retraction The former driver of sacked Malaysian finance minister Anwar Ibrahim appeared yesterday to contradict earlier testimony that Anwar had soaomised him, throwing the trial into turmoil, p7 South Korea's Samsung will swap its troubled car business for the debt-bur-dened electronics company of its rival Daewoo
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      70 1 Night out for the chiel [WASHINGTON] US Federal Reserve chairman Alan Greenspan and his wife, NBC television broadcaster Andrea Mitchell, arriving at the John F Kennedy Center for the Performing Arts on Sunday for the televised ceremonies honouring the 1998Kennedy Center Awards recipients. The winners were actor Bill Cosby, lyricist
      70 words
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      4 1 Market reports* Pg 22-26
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      187 1 Asking prices of high-end condos inching up, Pg 2 Re with up to 20% discount. Enjoy unprecedented great offers when you with VISA at all Tung Lok Group's Restaurants, from now till 27 February *99! Complex let *****22 Charming Garden :20% off Noble House A Copthome Orchid Singapore INC BuHding
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Vista Healthcare speeding up regional plans
      470 2  -  Downtnrn creating opportunities; it will invest USsl2sm over next few years Rahita Elias VISTA Healthcare has pushed foward its overseas expansion programme to take advantage of the growing opportunities arising from the region's financial crisis. Chairman and president Carl Stanifer told BT in an
      SIEW YAW HOONG  -  470 words
    • Article
      Asking prices of older, high-end condos inching up; few takers
      375 2  -  Sellers testing the market, up to $1,600 psf Byi Corinne Kerk WITH transactions for brand-new lower-end condominiums having picked up of late, sellers of older, high-end condos hoping to piggyback on the improved sentiment have raised their asking prices. But
      375 words
    • Article
      Central Grove condo: Over half the units sold
      116 2 MORE than half the units of its Central Grove condominium have been taken up since the project's launch in April, Pidemco Land announced yesterday. After the launch of the project's second phase last week. 73 units were sold over the weekend, Pidemco
      116 words
    • Article
      Thomson 800 offers cash to buyers
      246 2 DEVELOPERS used to just offer lucky draws. Then came price guarantees and appreciation guarantees. Now, the developer of Thomson 800 has upped the ante on the marketing game with a $100,800 cash giveaway to be shared among buyers who commit between now and Jan
      246 words
    • Article, Illustration
      Lock icon OUB sees more moderate recession
      348 2  -  ETE ON THE ECONOMY Outlook By< Audrey Tan ECONOMISTS at the Overseas Union Bank (OUB) expect this recession to be more moderate than the last, with gross domestic product (GDP) contracting just 1.9 per cent over four quarters. In its latest Financial Review, OUB ar-
      Source: OUB  -  348 words
    • Article
      SingTel's new Net fax service 30% cheaper than IDD rates
      236 2  -  By' Toh Han Shih SINGAPORE Telecom (SingTel) yesterday launched an Internet fax service, called Fax Plus Connect, which on average is 30 per cent cheaper than the company's IDD fax rates. Even compared to SingTel's other fax service, FaxPlus 012,
      236 words
    • Article
      Students start job exchange scheme
      290 2  -  Aisec offers np to 18 months overseas attachment at SMEs By] Marissa Chew IN the name of spreading the gospel of entrepreneurship, the local chapter of international student organisation Aisec has started an exchange programme for youths to spend up to 18 months on overseas
      290 words
    • Article, Illustration
      Lock icon Jurong Island tender award to be out soon
      446 3  -  Work to reclaim 995 ha set to start early next year By. Ronnie Lim THE tender award for the final, largest and most expensive reclamation phase of the $7 billion Jurong Island is expected to be announced very soon, possibly later this
      FILE PHOTO  -  446 words
    • Article
      Most British firms plan to expand in Asia over next 4 years: survey
      342 3  -  They consider S'pore a good base for region's operations By. Audrey Tan A MAJORITY of British firms plan to expand in Asia over the next four years, and they consider Singapore a good base for their Asian
      342 words
    • Article
      Educational group FTMS to expand
      342 3 THE FTMS group which operates business and computing schools in Singapore, Kuala Lumpur, Hongkong and Jakarta plans to expand aggressively here and abroad over the next three years despite the poor economic climate. Group chairman Balbeer Singh Mangat said FTMS, which began in 1987 as
      342 words
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      47 2 R Results of tender for Hble book-entry Government 1998 due 15 December be issued on 10 December l9p| Amount Offered Allotted SsBso 000,000 Amount Applied 551,862,558,000 on Allotment 3.26% p.a. and 99.980% Cut-off Yield and Price 3.30% p.a. and 99.903% Cut-off Allotted approximately 50% tissue Code N*****2T
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      92 2 Further Cost-Cutting SM^a S£S& with OUT financial district, Corporate Package successfully combines the old-world service with *0# 11 the new-world amenities, S$ 11J Single Double t0 your slay comfortable <4 Welcome drink memorable. Deluxe room on corporate floor Daily buffet breakfast Free pressing of 2 garments per stay Complimentary coffeelea
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      45 2 wnWnlK) 6 XWnlliQ (X nfIOOU WSuIM Rg&Laurant <Atinmpfiere Htfawker Trice Monday Friday: Lunch Dinner *subfecC to service charge, prevailing gcM tax 0 3% G.S. T. &Ca/>/x(f {Restaurant •S" lion City Hotel, 15 Tanjong Katong fid €-moil: Ichotelopociflc.oet.sg Saturdays Off the cuff by Jaime Ee TheßusinessTimes
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      324 3 Some things in life are worth waiting a lifetime; so what's 17 years? ■o I m m I P^| *4L -fpf?P R J k j/r W lM gj Hr J|j!||i|(||j3[||MmTrrmh^— The Rolls-Royce Silver Seraph, the first in 17 years. Here's an impeccable way to usher in the new millennium. Yes,
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  • FOCUS: PROPERTY
    • Article, Illustration
      Investing in maintenance
      639 4  -  THE PROPERTY COLUMN There'll be battles between those who wish to maintain condos at a high standard for resale or rental, and those who dont By Lee Han Shih A CONDOMINIUM salesman told a would-be buyer over the weekend: "Do not think the monthly maintenance is expensive.
      639 words
    • Article
      Richgold to sell Tampines building
      217 4 [SINGAPORE] Local contract manufacturer Richgold Industries, which is under judicial management, is selling its corporate building in the Tampines area. The eight-storey property off Tampines Avenue 1 is expected to fetch just under $15 million, or over $110 per sq ft on gross floor area.
      217 words
    • Article
      Shanghai faces severe property glut
      574 4  -  It will take 5 years to clear excess housing and office supply, says study By. Lu Ning [SINGAPORE] Shanghai, China's largest metropolis, needs at least five years to crawl out of the current glut in luxury residential properties and offices, says a new comprehensive study
      574 words
    • Article
      Under the hammer
      478 4 Property auctions coming up WEDNESDAY, DEC 16 (1.30pm) Amara Hotel, Ballroom 2 Residential: 40 Jansen Rd: 2 1/2-sty detached, 14,176 sq ft/999 yrs" 197 Yb Chu Kang Rd: 2-sty terr, 2,670 sq ft/999 yrs" 39 Lor Kembangan: 2-sty terr, 1,064 sq ft^H" 29 Norma Terr: single-sty terr,
      478 words
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      290 4 I Partftdpeting pvtfMfi: COMPAQ. Ofcrwvu Eipnw i f V f w !iiii=sn*r=i W A W I f H V a M drake But first attend the Microsoft EDHHHHHHHHBH eutech Enterprise Data Access ■^n.^n. Symposium. Sew Han Wv*. ManMS* Director As the most robust database foe the Windows family, SQL MVrimrft
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      127 4 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      183 4 pLMIIUI PfWHSffffgnTM Freehold Residential Site Opposite Holland Village I FOR SALE BY TENDER I Site Area: 23,247 sq ft approx. Located within a good class residential area, the site is about 3 mins' walk to Holland Village, and about 10 mins' drive to Orchard Road. Near to reputable schools like
      183 words
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      319 5 I r ■PHWP^' K ■■p^ r K p J| i^i^»»y 'r.:Ji&uj£**£ s tiai li m 11n jgH& > >]||H^^K^ JiaWßifr'. ISiNN-.--JtlH^H^Hl^&l^^^^^^^^Hi ■■HI 111 11 'IiBMWMMiHb'. J .jiaHHlni^^^^K^^^^HHl^BiHHHiiH^^^^^B^fll E jgs *jfl H|Hi '^^^^MMMHHwWHWii^^^MBB^^M fe. tßnlHMlHßHPiWßSßli^^^l^Bl^^^^^B^^^^^^B WBmkMmzi* »y iff-; -^f.»S«p t -i V s* j. :i X fe%: Y- *Pr^ j fi.
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Complete recovery in HK some time away, says Tung
      261 6 Reuters [HONGKONG] Hongkong Chief Executive Tung Cheehwa yesterday said he believed full economic recovery in the territory was still some time away but that the worst of the crisis was over. "A full recovery may still be some time away, but
      Reuters  -  261 words
    • Article, Illustration
      Lock icon Samsung to swap car business for Daewoo's electronics unit
      578 6 Chaebol start to shed nnits and slim down; they also plan to raise 70t won Reuters [SEOUL] South Korea's Samsung will swap its troubled car business for the debt-bur-dened electronics company of its rival Daewoo as the country's bloated conglomerates announced
      Reuters; REUTERS  -  578 words
    • Article
      Lock icon China needs firm yuan to head off recession
      317 6 Economist also says it most maintain 7-5% GDP growth through 2000 AFP [BEIJING] China, now enjoying economic growth of more than 7 per cent, risks slipping into a recession threatening the rest of the world if it does not hold up its
      AFP  -  317 words
    • Article
      Lock icon World still exposed to another currency crisis: Sakakibara
      231 6 Financial system can fail before nations put together new one AFP [TOKYO] Japan's Vice-Fi-nance Minister Eisuke Sakakibara warned in an interview published yesterday that the world's financial system was still fragile and exposed to the danger of further crises. "I think there
      AFP  -  231 words
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      59 6 I|H 1% II u ■I \ft/ dtfk S®C, zi%s |j $£?*■'*"'■?*< fj "k% '1/\t < i 1 ''^JKkVW^llWil^-i ,^^N^'* r '■"'life 1 mMLmmmm ~JL» «JKm> -s J V 'WWPH \M&b.i;:mmtmimm. Immmrnm .M?-:.: tfi. -I^v-s^'> A "iij[_ Ml y < m i'iF ttW V v/iNIN JLNIKKNAIICIIVIAI >«*, l* *S'! Bp I
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Ex-driver creates furore with shock retraction
      442 7 ANWAR'S TRIAL Prosecution, defence disagree on whether witness is retracting or confused Reuters [KUALA LUMPUR) The former driver of sacked Malaysian finance minister Anwar Ibrahim appeared yesterday to contradict earlier testimony that Anwar had sodomised him, throwing the trial into turmoil. Anwar's lawyers said
      Reuters  -  442 words
    • Article
      Lock icon Anwar's wife calls for release of injury probe results
      268 7 AFP [KUALA LUMPUR] The wife of Malaysia's ousted deputy premier Anwar Ibrahim urged authorities yesterday to immediately release results of a police probe into injuries sustained by her husband in police custody. Speaking to reporters outside the courtroom, Wan Azizah Wan
      AFP  -  268 words
    • Article
      Lock icon Soros softens rhetoric against Mahathir
      156 7 ■LONDON AFP BILLIONAIRE financier George Soros yesterday softened his rhetoric against his "friend", Malaysian Prime Minister Mahathir Mohamad, complaining that he was a mere figment in the imagination of the leader. "I am a figment of his Imagination. If I oblige him by attacking, I
      AFP  -  156 words
    • Article
      Umno to release full tapes of expulsion
      700 7  -  Mahathir blames Anwar's 'virtual IMF policy for building slump From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday intensified his attacks against his former deputy Anwar Ibrahim. At a meeting of the highest decision making body of the country's dominant
      700 words
    • Article
      Lock icon Suharto probe: A-G's office to quiz ex-ministers
      278 8 ■JAKARTA Bob Hasan, Tunky Ariwibowo to be asked about f foundations and national car scheme AFP THE Indonesian attorneygeneral's office will question two former ministers who served under former president Suharto in an inquiry into the fallen strongman's wealth, an official said yesterday.
      AFP  -  278 words
    • Article
      Lock icon Habibie: 'constitutional way' better than more dialogue
      216 8 JAKARTA National dialogue can create more problems, he says Reuters INDONESIAN President B J Habibie, struggling against growing unrest, yesterday said that the constitution, rather than more dialogue, was the way to solve the nation's problems. "There are some people who ask for
      Reuters  -  216 words
    • Article, Illustration
      Lock icon Fresh protest rallies in Jakarta
      281 8 JAKARTA Reuters HUNDREDS of protesters held rallies in the Indonesian capital yesterday over issues ranging from East Timor to workers' rights, witnesses said. About 100 East Timorese students, marking the anniversary of Indonesia's invasion of the troubled territory 23 years ago, protested outside the UN
      Reuters; REUTERS  -  281 words
    • Article
      Lock icon Bank Rakyat Indonesia chief faces graft probe
      246 8 JAKARTA Bloomberg DJOKO Santoso Moelyono, the president director of state-owned Bank Rakyat Indonesia, is officially under investigation for corruption, at-torney-general Andi Ghalib told the House of Representatives yesterday. Mr Santoso is alleged to have improperly channelled about 10 trillion rupiah (552.2 billion) to
      Bloomberg  -  246 words
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      21 7 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel 437 6853 437 6872 534 3132
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      170 9 Discover more than just cost-savings in voice communications. I W t I jSjj One-stop Global Service siiP Service Level Guarantee f Flexibility j I "1 Cost Control Management |fJ J Sing Tel VPN Sing Tel Virtual Private Network (VPN) is a global voice network designed to private dialing telephone number
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Portugal to put Macau surplus in budget despite China fears
      268 10 BEIJING AFP PORTUGAL'S ambassador to China yesterday brushed off Beijing's fears over the expanded final budget for Macau and said the move was necessary to counter the Asian financial crisis. "The situation is not dramatic, but we are expecting a
      AFP  -  268 words
    • Article
      Lock icon Taipei market cheers KMT's victory in key polls
      381 10 TAIPEI Businessmen see win ensuring continuation of sound economic policies AFP Reuters TAIWAN'S stock market yesterday cheered the ruling Kuomintang's (KMT) dramatic victory in key weekend elections which analysts said had dispelled uncertainties over the island's political stability. "The KMT's victory is
      AFP; Reuters  -  381 words
    • Article
      Lock icon China to extend lease system for farmland
      295 10 HONGKONG Bloomberg CHINA plans to extend the current system of leasing state land to farmers for at least 30 years and may spend more than 10 billion yuan (S|2 billion) to boost the agriculture industry. China may extend the land leasing system indefinitely
      Bloomberg  -  295 words
    • Article, Illustration
      Lock icon Unflagging loyalty
      78 10 [BEIJING] An honour guard yesterday saluting China's national flag as he practises drills involving the daily ritual of raising and lowering the flag in Beijing. In an effort to curb corruption in the military, the Beijing People's Liberation Army garrison and the armed police force handed over 68
      REUTERS  -  78 words
    • Article
      Lock icon China rate cut gets tepid reception
      422 10 ■SHANGHAI Analysts call it cautious, see little impact on growth AFP CHINA'S latest interest rate cut, the sixth since 1996, is cautious, given the economic circumstances, and expected to have little direct impact on flagging growth, analysts said yesterday. A Beijing-based financial expert said
      AFP  -  422 words
    • Article
      Lock icon Taiwan body reviews investment rules
      151 10 TAIPEI Bridge News TAIWAN'S Securities and Futures Commission Is looking to better control and regulate so-called "fake" foreign investment in stocks, under which local companies or individuals transfer funds abroad and then bring them back in under the flag of formal investment, an SFC spokeswoman
      Bridge News  -  151 words
    • SINO Briefs
      • Article
        Lock icon Taiwan outs key rate to boost liquidity
        116 10 AFP (TAIPEI] Taiwan's central bank said yesterday it would cut its rediscount rate by 0.25 percentage points to 4.75 per cent, the lowest level since April of 1969. Analysts said the move would bolster liquidity, fuelling a rise in the stock market in
        AFP  -  116 words
      • Article
        Lock icon China corporate profits taking a hit
        96 10 AFX-Asia [MANILA] China's businesses are still facing problems and profits are down, the China Economic Herald reported, citing a study by the State Council Development and Research Centre. In a dispatch monitored here, it said the percentage of bankruptcies and near-bankruptcies rose to 22.2
        AFX-Asia  -  96 words
      • Article
        Lock icon Sinopec to meet profit target
        83 10 Reuters [BEIJING] State-owned China Petrochemical Corp (Sinopec) fay* It could realise its profit target of 3.4 billion yuan (***** million) this year after making huge loeses in the first half, the Economic Dally said yesterday. Slnopec poeted record losses of 2.4 billion yuan In the
        Reuters  -  83 words
      • Article
        Lock icon Unemployment, graft top concerns poll
        80 10 Reuters [BEIJING] Unemployment, government corruption and tottering state-run enterprises top Chinese citisens' concerns, a Chinese newspaper said yesterday citing a recent poll. Other worrying Issues Include public order, pollution and pensions, the Procuratorial Daily said. Officials have estimated that state sector layoff* could swell anemployment
        Reuters  -  80 words
    • Article
      Another eight Chinese firms get nod to list abroad
      501 10  -  SINGAPORE Infrastructure firm* form bulk; most expected to go to HE By\ Lu Ning EIGHT Chinese firms have received the official green light to seek overseas listings, the China Securities Regulatory Commission said on Sunday. The fifth batch of companies picked
      501 words
    • Article
      Lock icon China's medical insurance plan
      240 10 BEIJING Reuters CHINA will end four decades of state-funded health care for urban workers by the end of 1999 and replace it with a nationwide medical Insurance plan, the People's Dally said yesterday. A circular issued by the Ministry of Labour and Social Security said the
      Reuters  -  240 words
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      55 10 AURORA made in Italy 70% Clearance Sale USUAL wow fcr JSVS" $178.50 jssetr $270.00 $96.00 $75.00 118 50 $72.00 $84.00 pens 1> edition pons are also available J at 50% discount. Boutique No. 3, Orchard Parade Hotel, No.l Tanglin Road, Singapore *****4 Tel. 733 1700 *A quality product brought to
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      121 11 ©DBSCARD CENTRE EVERY m v B f |l i r I. y |i I* I; I Rarer than the meteorite showers of November.. t A 1 The new DBS Visa Platinum. J fl 3 > i'\ i" 1' 3 S And probably more coveted too. Accorded only to those who
      121 words
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  • ASIA
    • Article
      Lock icon S Korea, US warn North but want to keep links
      272 12 SEOUL Reuters AFP SOUTH Korean President Kim Dae Jung and the US policy coordinator on North Korea yesterday agreed to act "sternly" against the North if necessary, but to maintain a policy of engagement. A statement from the presidential office
      Reuters; AFP  -  272 words
    • Article
      Lock icon Bids invited for Pakistan state bank
      111 12 mKARACHI AFP PAKISTAN'S government yesterday Invited bids from domestic and foreign investors to buy a sizeable stake in one of the largest state-owned banks here, officials said. The government intends to sell a 26 per cent stake in Habib Bank Ltd and divest its
      AFP  -  111 words
    • Article, Illustration
      Lock icon Obuchi hints at tax cuts exceeding planned 6t yen
      501 12 TOKYO Premier and Liberal Party leader to meet on Friday to map ont final policy platform Bloomberg Reuters JAPANESE Prime Minister Keizo Obuchi reiterated that the ruling Liberal Democratic Party is willing to consider tax breaks in addition to the planned
      Bloomberg; Reuters; AFP  -  501 words
    • Article, Illustration
      Lock icon World's tallest tower to be built in Melbourne
      294 12 MELBOURNE Aussie firm Grollo gets green light for Asl.sb project Bloomberg [MELBOURNE] An Australian company has won approval to build the world's tallest tower at a cost of Asl.s billion (511.53 billion) in Melbourne, the nation's second most populous city. At 560
      Bloomberg; REUTERS  -  294 words
    • Article
      Lock icon Tokyo still hasn't decided on rice import tariffs
      362 12 TOKYO Reuters JAPAN has not yet decided whether to set tariffs on rice imports next year and there is no reason to discuss the matter with trade partners ahead of taking such action, the farm ministry said yesterday. Responding to media reports
      Reuters  -  362 words
    • Article
      Lock icon Up capital or face merger, ailing Korean bank told
      399 12 SEOUL Seoul keeps pressure on weaker banks as it reforms sector Bloomberg SOUTH Korea's Financial Supervisory Commission has ordered struggling Chungbuk Bank to raise its capital by 120 billion won (*****.4 million) by the end of this month, or face merger
      Bloomberg  -  399 words
    • Article
      Lock icon India set to introduce patents bill next week
      238 12 U NEW DELHI Reuters INDIA'S Hindu nationalistled government is likely to introduce a crucial bill to amend the patents act in Parliament next week and is confident of its passage, the industries minister said yesterday. "We are going to take the bill
      Reuters  -  238 words
    • Article
      Lock icon Techparks mushroom amid India's IT boom
      561 12 BANGALORE Surge leads to fears of overcapacity, prohibitive pricing Reuters IF real estate firms and state governments are to be believed, India's information technology industry is on the verge of a massive boom. To cash in on the investment surge, builders, developers and state-run
      Reuters  -  561 words
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      120 12 I A GRAND NEW APARTMENT HOTEL I OPENS IN THE HEART OF SYDNEY I In the heart of the financial precinct I Executive accommodation tanging BlSs»||jl I Hj from studio to three bedroom J I H penthouse apartments. (Iftfigfik 4*l J1 H H Cafe Restaurant and in-room safe. I I
      120 words
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  • THE WORLD
    • Article
      Lock icon Yeltsin leaves hospital to fire aide, launch graft crackdown
      460 13 MOSCOW Ailing Russian leader then retains to sick bed for farther treatment AFP PRESIDENT Boris Yeltsin left hospital for three hours yesterday to sack a top aide and announce a corruption crackdown before returning to his sick bed to complete his
      AFP  -  460 words
    • Article
      Lock icon Global stock markets still bearish due to deflation: Soros
      331 13 LONDON Bloomberg GEORGE Soros, the US financier, said that global stock markets are still in a bear phase because of the deflationary pressures in the world economy. In spite of the recent recovery in share prices, one third of the world
      Bloomberg  -  331 words
    • Article, Illustration
      Lock icon Kennedy awards for Bill Cosby, Shirley Temple
      344 13 WASHINGTON NYT A FORMER child star and a pioneer black star of television shared the stage on Sunday night at the annual gala of the Kennedy Centre for the Performing Arts. The two, Shirley Temple Black and Bill Cosby, were joined by the
      NYT; REUTERS  -  344 words
    • Article, Illustration
      Lock icon France aiming for EU tax harmony by mid-99
      253 13 PARIS Reuters FRANCE'S Socialist Finance Minister Dominique StraussKahn on Sunday described European Union tax harmonisation as a top priority in the first half of 1999 and predicted the euro currency would force it to come about. Mr Strauss-Kahn praised his German Social
      Reuters  -  253 words
    • Article
      EU rate cuts may stop rise of protectionism: analysts
      496 13  -  Concerted effort by euro zone will ease fears of Europe crisis From Shada Islam in Brussels ASIAN exporters worried about rising protectionist pressures in Europe can take heart. The boost to European economies expected after this week's surprise decision by the
      496 words
    • Article
      Lock icon UK manufacturing falls again, boosting case for rate cut
      485 13 LONDON down; but other data shows growing business optimism Reuters BRITISH manufacturing output fell for the third month in a row in October, official data showed yesterday, strengthening the case for a interest rate cut this week from the Bank of
      Reuters  -  485 words
    • Article
      Lock icon Clinton lawyers set to present defence
      402 13 WASHINGTON They have two days to talk moderates oat of impeachment Bloomberg US President Bill Clinton's lawyers will have two 15-hour days this week to present his defence to the House Judiciary Committee and persuade moderate Republicans that Mr Clinton shouldn't be impeached. Republicans
      Bloomberg  -  402 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      65 13 —■I i ii 1 1 Pi i ze &0 Water -resistant to a depth cf 120 m M j N jMJ Manufactured by V' F' r further inf :rm zition and a free c atalo j< ie f dense -nta- tr, A D«=*S'o Singapore Pt» Ltd JQ Te-l 222 /.'2
      65 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      World Bank forgets its house of glass
      806 14  -  THEBOTTOM LUTE Opinion [By Anthony Rowley The writer is BT's I\>kyo correspondent DOG has begun to eat dog, as they say, in Washington and the World Bank, or more specifically its chief economist Joseph Stiglitz, has started snapping at 'the International Monetaiy Fund
      806 words
    • Article
      IM OTHER WORDS
      88 14 'Consistency is the hobgoblin of small minds.' -Bob Out the premier of the Australian state of New South Wales, on why he changes his mind. There was no painless remedy available to cure the panic and the crisis.' Hubert Nma§ the International Monetary Fund's Asia-Pacific director, on
      88 words
    • Article
      The future's in Habibie's hands
      628 14 EDITORIAL INDONESIA'S political future has been put on a firmer footing with the setting of dates for general elections and the subsequent session of the country's legislature to elect the next president and vice-president The government's new commitment to elections will be an important benchmark
      628 words
    • Article, Illustration
      Lock icon Why China won't be pulled down by the Asian crisis
      1408 14  -  Pragmatic policy makers managing twin risks of macro performance and structural reforms By I Stephen Roach The writer is Morgan Stanley's chiefeconomist. This article is reproduced with permission from Morgan Stanley Dean Witter IN the eyes of the Western press,
      FILE PHOTO  -  1,408 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      793 14 THE Windows 98 operating system uses windows as its means of organising the computer's contents. Whether the window contains my documents or the computer's control panel or my word processing programs, one thing remains constant: At the up-per-right corner flies a rendition of Microsoft's four-col-ored trademark
      793 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Saying nyet to crisis
      745 15  -  As some Muscovites head for pubs and clubs, the crisis is a distant fog; they spend and party like there's no tomorrow, vxjaxm>umiuuhbt reports VIJAI MAHASHWARI NYT REGULARS call it "Kafe". Mick Jagger, who dropped in four nights in a row while in town on a
      NYT; FILE PHOTO  -  745 words
    • Article, Illustration
      Lock icon Prices of club memberships start heading up
      425 16  -  CLUBS Several leading clubs see 15-25% increases from Oct levels amid astockmarketrally By' Ven Sreenivasan [SINGAPORE] The prices of social and recreational clubs rebounded by some 16 per cent in November confirming what this column predicted last month of a likely yearend climb.
      Compiled by BT; FILE PHOTO  -  425 words
    • Article
      Lock icon Well-bred men served for lunch to NY singles
      866 16 SOCIETY A dating service for aging post-deb looking for a match NYT [NEW YORK] What's an aging, still-single former deb to do? The traditional route to marriage for many social types brought up in the world of debutante balls and Southampton summer
      NYT  -  866 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      362 15 Where to wine, dine and entertain... "t J.ip.iiH'si I coil ct Dessert IVunuitiiin 1 to 50 Dcamlnr (evccpt 2 J cv 2 > Di-icmln-r| ICHIBAN! Because it is tlnit good! The Best Lobster Deal In Town! Air-Flown Live Boston Lobster only Sl9 80 each. four choice of preparation butter and
      362 words
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      Page 15 Advertisements Column 2
      123 15 <rt*rld Th* <An 1998 Fun and games with funny man Moe Alkaff and loads of yuletide favourites! 25 December I "jjk 11 am-2.30pm j* Mandarin Ballroom k Adult: $53 nett ML TSfjf' Child 10 years F M and under: $32 nettV%V3£j^Hhi Reservations: 831-6288 Mastdarui yj Singapore SM^riaai 333 Orchard Road,
      123 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      763 15 TV&RAPIO 2.30 PM TV Innovations. HHHF" 4.00 Kidz Blitz: Sesame WK/fr, 8.00 Kidz til' /W l n** J 8.00 Teletubbies. I. 830 Little B MJ 7.00 Wild Spirits. Br K 730 Asia Sport Show. I |g 8.00 Earthvisions: Wolf The Water: The Piranha > (See Our Choice). 'My jA|a^n|^l «j
      763 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      156 15 CKVFTIC CROSSWORD <» MBiMB 31 The Celtic to provide illumination (8,5) handled properly (9,4) YESTERDAY'S SOLUTION DOWN 15 Commonest name for a forger Isltlalgle'rßclulplolfltlelal 2He pours out music from his (5) .HlDEiflE^^ lyre in Greek mythology (7) 16 A mouthftll °f water! (5) pyULNIDWAWC^om^c 3 Student caught with a dictio-
      156 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      34 16 _r"' A T "•?v f v'X5 >: j. I^_ %<#** B r Wli'l I l AKi THF. WORRY OUT OI- YOUR < ONI I!R IN( I'kD^ I V 1 R —y~J(zI// > W I I < n\|| lIMMI 'C'"
      34 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Hai Sun Hup plans A$320m Perth complex
      607 17  -  Project hinges on proposed office tower being chosen as hq of Woodside Petroleum /ty' Conrad Raj [SINGAPORE] Mainboardlisted Hai Sun Hup plans to put up a As32o million (*****.7 million) office and hotel complex in Perth in what could be one of the
      607 words
    • Article
      Lock icon F&N profit seen hit by huge provisions at property arm
      446 17 Soft drinks revenue also badly affected by weak sales Reuters [SINGAPORE] Earnings of diversified soft drinks group Fraser Neave Ltd (F&N) could be hit by large provisions from its property arm, analysts said yesterday. F&N, the bottler for CocaCola in
      Reuters  -  446 words
    • Article
      ACI to hold EGM on share buybacks
      275 17 [SINGAPORE] Acer Computer International yesterday informed shareholders that an extraordinary general meeting (EGM) will be held to vote on a proposal to authorise share buybacks. The mainboard-listed PC maker said an EGM was planned for Dec 29 to seek approval for the company
      275 words
    • Article
      Lock icon Vickers upgrades ST Engg shares
      160 17 Reuters [SINGAPORE] Vickers Ballas Investment Research has upgraded its recommendation on ST Engineering to "outperform" on the back of a higher earnings forecast. Vickers said in a research report received yesterday that ST Engineering's earnings projections had been raised on account of a rising order
      Reuters  -  160 words
    • Article
      Can OCBC Bank rise to the top in consumer banking?
      753 17  -  HOCK LOCK SIEW Catherine Ong ONE may need to take a course in typography to notice the difference in OCBC Bank's new logo. It looks just like the old one. The old junkboat sail is still there, the red colour
      753 words
    • Article
      Worst is over for M'sian banks, says Kay Hian
      396 17  -  Broker cites KL's determination not to let 'strategic' corporations fail By Conrad Raj [SINGAPORE] WHILE many observers are still wary of Malaysia, Singapore stockbroking firm Kay Hian is saying the worst is over for Malaysian banks and recommending that investors load
      396 words
    • COMPANIES
      • Article
        Associates drag MRCB into RM290m pre-tax loss
        483 18  -  Profit before associates' losses totals RM7Bm, down 47% from year ago From\ Meera Tharmaratnam in Kuala Lumpur FINANCIAL results of Malaysian Resources Corporation Bhd were heavily weighed down by losses in its associate companies, leading the diversified conglomerate to report a pre-tax loss
        483 words
      • Article, Illustration
        Lock icon J M Sassoon launching share trading on the Net
        629 18  -  Reports by 1 Wong Wei Kong [SINGAPORE] Broking house J M Sassoon will launch its Internet trading platform today, the fourth local broker to allow investors to buy and sell stocks in cyberspace. And while the firm concedes that it may
        SIEW YAW HOONG  -  629 words
      • Article
        Sass-i: No subscription fees for now
        147 18 [SINGAPORE] Investors who subscribe to J M Sassoon's Internet trading platform, named Sass-i, are required to place a minimum initial deposit of $1,000, which will be waived for existing clients of the firm. The trading limit is five times the deposit. There will be
        147 words
      • Article
        Lock icon First Pacific plans to double PLDT stake to over 30%
        176 18 AFP [MANILA] Hongkong's First Pacific Co Ltd said yesterday it expects to double its equity in Philippine Long Distance Telephone Co (PLDT) to more than 30 per cent from its recently acquired 17.2 per cent. The company, which bought into
        AFP  -  176 words
      • Article
        Lock icon RHB mulling over plan to trim RHB Capital stake
        186 18 Reuters [KUALA LUMPUR] Malaysia's financial services group Rashid Hussain Bhd (RHB) said yesterday that the company was considering placing out some of its 60.6 per cent stake in RHB Capital in a move to reduce its debts. The company said in
        Reuters  -  186 words
      • Article
        Lock icon Brierley completes forest sale to Fletcher, Citic
        337 18 NZ firm gets 46.7 m Fletcher forests shares and cash in return Bloomberg [WELLINGTON] Debt-laden New Zealand investment company Brierley Investments Ltd received 46.7 million new Fletcher Challenge Ltd forestry shares and cash for its stake in a New Zealand forests partnership. Fletcher
        Bloomberg  -  337 words
      • Article, Illustration
        Lock icon KL expected to revise Renong bailout details
        586 18 RMlO.5b bond issue may draw flak; plan won't ease cashflow AFX-Asia {KUALA LUMPUR) The government, which has yet to decide on Renong Bhd's proposed bailout, will eventually back the scheme, though some changes may be made to the plans announced in October, analysts
        AFX-Asia; Source: Bloomberg  -  586 words
      • Article
        Lock icon Dao Heng, SmarTone to join Hang Seng Index?
        411 18 Revised list likely to include several red chips: analysts Bridge News Reuters [HONGKONG] The Hang Seng Index is likely to see the addition of several key stocks such as Dao Heng Bank, SmarTone Communications, Cosco Pacific and Beijing Enterprise when Hang Seng
        Bridge News; Reuters  -  411 words
      • COMPANY Briefs
        • Article
          Receiver for Showpla Asia unit named
          57 18 [SINGAPORE] Showpla Asia yesterday said RHB Bank Bhd has appointed Tee Siew Kai of S K Tee Co as receiver of its Malaysian subsidiary Showplatronics Sdn Bhd (SPT). SPT is a fully-owned unit of Showpla Sdn Bhd, which Is also under receivership and is
          57 words
        • Article
          Lock icon Guthrie to be long-term property player
          97 18 AFX-Asia [KUALA LUMPUR] Plantation-based Kumpulan Guthrie Bhd plans to become a long-term player in the property sector despite the downturn in the industry, Bernama news agency reported. Group chief executive Abdul Khalid Ibrahim said he is putting his faith in the property sector for
          AFX-Asia  -  97 words
        • Article
          Lock icon Bakrie seĺs 4m Iridium shares
          108 18 AFP [JAKARTA] Indonesian group PT Bakrie Brothers has sold four million class one shares in communications firm Iridium LLC to American International Group Inc to raise funds to repay short-term debts, the Jakarta Post reported yesterday. "The management of Bakrie Brothers believes this transaction will
          AFP  -  108 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Aussie fund managers mull rival exchange
        197 19 AFX-Asia [SYDNEY] Several Australian fund managers, angry over the Australian Stock Exchange's altering of the All Ordinaries Index, are considering establishing a rival exchange, the Sydney Morning Herald reported. The report said an unidentified stockbroking firm is considering setting up a rival index while
        AFX-Asia  -  197 words
      • Article
        Lock icon Sankyo yet to confirm 33 US deaths from drug
        385 19 Bloomberg [TOKYO] Sankyo, Japan's second biggest pharmaceutical company, said it can't confirm a US newspaper report that a diabetes drug it makes is linked to the deaths of 33 people since its 1997 introduction. The drug Rezulin (troglitazone), sold as Noscal
        Bloomberg  -  385 words
      • Article
        Lock icon PC makers, phone firms to ask FCC to ease rules
        369 19 They say waiving rules will allow more to get high-speed Internet access NYT [NEW YORK] Hoping to offer high-speed Internet access to more consumers, the biggest personal computer company and local telephone companies plan to petition the Federal Communications Commission
        NYT  -  369 words
      • Article, Illustration
        Lock icon Seagram gets shareholders' nod for US$l1b PolyGram bid
        387 19 FT [LONDON] Seagram, the Canadian drinks and entertainment group, has secured shareholder approval to conclude its U5510.95 billion (SslB.l billion) bid for PolyGram, the world's largest music company. It plans to close the deal on Thursday. It will then start merging PolyGram,
        FT; FILE PHOTO  -  387 words
      • Article
        Lock icon Reuters financial data unit to cut costs
        278 19 New arm also plans to keep prices level rather than let them fall in real terms FT [LONDON] Reuters, the financial data group, intends to cut costs by 1.5 per cent a year in its newly formed financial information arm as part of
        FT  -  278 words
      • Article, Illustration
        Lock icon Shouldn't Santa have a Diet Coke?
        92 19 [HONGKONG] A security guard keeping watch yesterday as six 1930 s oil paintings depicting Santa Claus were unloaded in a Hongkong shopping mallfor display as part of the Christmas festivities. The oil paintings were created for Coca Cola by painter Haddon Sundblom when Coke
        AFP  -  92 words
      • Article
        Lock icon ScottishPower to buy PacifiCorp for US$12.8b
        470 19 It faces US law banning utilities sales to foreigners Bloomberg [GLASGOW] Scottish Power pic, pushing ahead with plans to expand in the deregulating US market, agreed to buy PacifiCorp for about US$l2.B billion (5521.2 billion) in stock and assumed debt. Scotland's largest electric utility
        Bloomberg  -  470 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon J Fleming recasts research team
        130 20 Bloomberg [HONGKONG] Jardine Fleming will reorganise its research team, the South China Morning Post reported, citing Jardine Fleming head of research Andrew Houston. Mr Houston, who was also head of strategy, will be replaced in that role by Dan Fineman, who had formerly worked as
        Bloomberg  -  130 words
      • Article
        Lock icon UBS plans to sell off its global trade finance arm
        403 20 Move follows merger with SBC and decision to focus on investment banking FT [LONDONI Swiss banking group ÜBS has put its global trade finance arm up for sale. The operation, with a loan book of US$5.5 billion (Ss9 billion) and
        FT  -  403 words
      • Article
        Lock icon HK mutual fund net inflow hits US$46m
        239 20 Bond funds biggest gainers, equity fands suffer net outflows Bloomberg [HONGKONG] Mutual funds registered for sale in Hongkong reported a net U5545.58 million (5575.2 million) inflow in October, up from a U5530.64 million inflow in September, the Hongkong Investment Funds Association (HKIFA) said.
        Bloomberg  -  239 words
      • Article, Illustration
        Lock icon Opec hinting that Mexico, Oman, Russia may join cartel
        548 20 That would help boost prices; Oman ready to cat production farther AFP [KUWAIT CITY] Opec secretary general Rilwanu Lukman hinted on Sunday that Mexico, Oman and Russia may soon join the oil cartel and branded the idea of a parallel producers'
        AFP; REUTERS  -  548 words
      • Article, Illustration
        Lock icon New giant seen dominating China gas market
        275 20 EXXON'S TAKEOVER OF MOBIL AFP [BEIJING] The mega merger of oil giants Exxon and Mobil has created a company that will dominate the supply of natural gas to China, an official newspaper reported on Sunday. The China Daily Business Weekly, quoting an unnamed
        AFP; FILE PHOTO  -  275 words
      • Article
        Lock icon BP, Caltex plan Aussie tie-up
        445 20 Combining refineries will boost profits and match similar Shell-Mobil venture Bloomberg [MELBOURNE] British Petroleum and Caltex Australia Ltd plan to combine their Australian oil refineries to cut costs and boost profits, matching a similar move by their main rivals. The combined business will control about
        Bloomberg  -  445 words
      • Article
        Futures up in range trading
        207 21  -  SSMESLEeports KS& Singapore Index Bob Butcher, Jardine Fleming NUMEROUS cross currents kept MSCI Singapore Index Futures confined to a narrow range. The US markets went on a merry chase last week and strong employment data gave the bellwether market a positive end to the week.
        207 words
      • Article
        Profit-taking wipes out early gains
        163 21  -  MSCI Taiwan fatores Charlie Kuo THE Simex MSCI Taiwan Stock Index futures opened sharply higher following the vifctory of the ruling Kuomintang Party in last Saturday's election, which many consider as a positive development for Taiwan's economy and a more stable relationship between China and
        163 words
      • Article
        Lock icon Oil prices dip below US$10
        340 21 ENERGY REPORT Reuters [LONDON] Oil prices fell further yesterday as dealers took a pessimistic view of the prospects for an end to one of the steepest price crashes on record. Benchmark Brent blend crude slumped into single digits for the first time since 1986 and
        Reuters  -  340 words
      • Article
        Lock icon CURRENCY REPORT
        314 21 AFP AFX-Asia London THE dollar weakened in late trade, as the yen recovered some ground after a poor start to the day. The yen came under pressure after a Bank of Japan official reportedly warned that the strength of the yen was one of the factors behind the
        AFP; AFX-Asia  -  314 words
      • Article, Illustration
        Untitled
        1255 21 WTEBBAlfK CROSS RATES /*cT C$ Bmb ECU Ffr Dm HK$ Ind«»»upiah Yen Won W( «$MIi gjgl Sfr MTS la* Hmd US) Australia 0.945 6.178 0.527 3.470 1.035 4.775 26.235 46.450 0.733 7.447 2.342 1.182 33.623 24.175 1.021 3.648 0,848 19.936 22.13? 0.371 0.6)6 Canada 1.058 5.413 0.558 3.673 1.095 5.054
        1,255 words
      • Article
        Untitled
        1805 21 S1C0M FUTURES Dec 7 RUBBER (futures ctosMq n at 5.30pm) RSS1 CONTRACTS cMts/kg) Clou VoIiiim Op*n Month Hiqh Low Sott (towwi) Iwtorost Jan 99 108.00 150 Feb 99 110.00 110.00 109.75 340 875 Mar 99 111.50 1175 Apr/Jim 99 116.25 2400 Jul/Sep 99 120.25 75 Oct/Oec 99 123.75 75 RSS
        1,805 words
    • Article, Illustration
      Lock icon HONGKONG
      1309 22 Reuters F1 Han* Seng STOCKS closed sharply higher yesterday, fuelled by recent local and Chinese interest rate cuts which caught most investors off guard, brokers said. The Hang Seng Index rallied 465.68 points, or 4.67 per cent, to finish at 10,428.82 within striking distance of an intra-day high of
      Reuters  -  1,309 words
    • Article, Illustration
      Lock icon CHINA
      508 22 Reuters n Shenzhen B Index 401 SHENZHEN'S B shares were barely higher yesterday, as poor market sentiment meant a cut in domestic interest rates announced over the weekend provided little comfort, analysts said. The B Share Index inched up 0.01 of a point to 57.31 on turnover of HK$4.9
      Reuters; Source: Credit Lyonnsis Securities (Asia) Ltd  -  508 words
    • Article
      Lock icon TAIPEI
      357 22 AFP QWP Index ♦10L50 TAIWAN share prices moved up 1.4 per cent yesterday, lifted by the ruling Kuomintang's victory in parliamentary and local elections over the weekend, dealers said. The Weighted Price Index rose 101.50 points to 7,303.34. "Stong buying prevailed as market sentiment was lifted after uncertainties about
      AFP  -  357 words
    • Article
      WORLD STOCK MARKETS
      2254 22 LOM0OM Mistrials fccT Nan 31 Group 557.000 3.000 AB Ports 300.000 1.400 AOOay Njtiorvil 1184.000 TLI70 AMad Domacq 511.400 1.200 AIM Zurich 835.400 3.400 A mac 172.000 -2.000 Asda Group 153.600 -0.400 BAT M 581.600 39.20C BC Pic 405.000 -0.400 BICC 60.000 2.000 BOC Group 868.000 -7.000
      2,254 words
    • Article
      Lock icon TOKYO
      1581 22 Bloomberg HNftka22B +83.52 JAPANESE stocks rebounded after two days of losses, paced by the nation's No 1 drugmaker, Takeda Chemical Industries Ltd, as investors sought companies impervious to Japan's prolonged recession. Japan's biggest consumer lender, Takefuji Corp, and No 2 Acom Co Ltd also gained. "The economy's in a
      Bloomberg  -  1,581 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8871 23 INDUSTRIALS CwisMwr products 1998 Last Val Day Nat Cap Mfk Law Company SMa 'OOO High Law P/f $mll 320 170 Ajinomoto 300 -6 S 302 300 16.6 121.6 148 35 Angkasa 104 -9 503 117 104 153.3 310 123 Apollo Food Hlg 272 8 11 292 272 9.5 108 8
        8,871 words
      • Article, Illustration
        Lock icon Investors go for quick gains
        380 23 AFP AFX-Asia Q Composite Index -12.48 MALAYSIAN share prices closed 2.4 per cent lower yesterday after a late bout of profit-taking reversed earlier gains, dealers said. The Composite Index fell 12.48 points to finish at 514.78. The Second Board Index fell 7.12 points to 181.71.
        AFP; AFX-Asia  -  380 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2542 24 BONOS, LOANS ft WARRANTS 1998 Last Vol My Last Quote Avq Mi<jh Low Stne Company Sato »«f <•000) High Low Buyer Sailor Price 20.5 3 3160 *Acer ******1USS 12.5 -1 42 13.5 12 12.5 13 95 4.5 3164 Acma ******4 14 5 -0.5 231 16 14.5 14.5 15 15 3161
        2,542 words
      • Article
        Keppel Bank wrt has good gearing
        177 24  -  WARRANT WATCH By Ven Sreenivasan THE enthusiasm for warrants, which was very apparent during the October and November rally, seems to have fizzled out somewhat lately. This is to be expected as warrants are bull-market instruments. But even as the market turns cautious, there
        177 words
      • Article
        CLOB INTERNATIONAL
        219 24 HOMKOM STOCKS Or Gf 1998 LMt Val Day Last Ouot M* Mv VM NK MCk Hl» Low Stno CowiMnv Sata rOOOl Ht» Law Buyr Sadar Cw W >wl 400 250 5123 COC (2000) HK 400 8.0 2.4 2.0 20.5 7744.7 5124 CathayPac20cHK_720 265.0 2.1 7.4 6.0 *****4 5125
        219 words
    • Article
      Lock icon MANILA
      303 24 AFP Puma* +11.72 PHILIPPINE share prices closed 0.6 per cent higher yesterday due to window-dress-ing as the end of the year approaches, analysts said. The Philippine Stock Exchange Composite Index rose 11.72 points to close at 1,834.36 points. Volume rose to 1.98 billion shares worth 1.03 billion pesos. Petron
      AFP  -  303 words
    • Article, Illustration
      Lock icon JAKARTA
      716 24 AFP Composite Index *9.06 INDONESIAN shares yesterday closed 2.3 per cent higher amid regional strength and gains on Wall Street over the weekend, dealers said. "The market was basically just following the regional trend which was boosted by Wall Street's gains," a dealer with a local brokerage said. The
      AFP  -  716 words
    • Article
      Lock icon SEOUL
      420 24 AFP AFX-Asia >1 Composite Index +23.81 STOCKS, bonds and the local currency strengthened yesterday as the five largest conglomerates agreed to kill ailing units in a sweeping industrial shake-up to revive the stalled economy. The stock market closed above the psychological 500point level for the first time in over
      AFP; AFX-Asia  -  420 words
    • Article
      Lock icon SYDNEY
      601 24 AFP |H| AD Ordinaries *25.4 AUSTRALIAN shares closed up 0.9 per cent yesterday on continuing strength in the telecommunications sector and gains on Wall Street at the weekend, brokers said. The All Ordinaries Index was up 25.4 points at 2,756.1. The All Industrials Index closed up 55.6 points at
      AFP  -  601 words
    • Article
      Lock icon WELLINGTON
      262 24 AFP n Wellington -8.47 NEW Zealand shares ended 0.4 per cent lower yesterday as adjustments for dividends hid underlying firmness. The NZSE-40 Index lost 8.47 to 1,905.10 on turnover of NZ$65 million. Telecom was down seven cents at NZ$7.BO. Carter Holt Harvey shed four cents to NZ$l.56. —AFP OacJT
      AFP  -  262 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6882 25 Transaction date: Dec 7 Or Cr M Wt 1998 Lilt Vel Day Last Oust* Olv Dtv VM Net Cap Av« low St No Company Sal* (000) High Low Buy.r S.li.r Cm Pit $mi Price MULTHNDUSTIY 142 49.5 m t WOO Acma 50c 73 -0.5
      6,882 words
    • Article
      SESDAQ
      1196 25 ot ct mm 1998 Last Voi Day Lut Ovol. Mv Mr YM Not Cap Avg MH» Lo» WW cmn—y I* fOOO) U» 8»yor «<■ Cw M >1 Ww MANUFACTUMM 243 30 2049 AS Auto Hk tlS -3 7935 122 >06 1U 115 15.0N 7.0 U 10.8 131.3 119 82
      1,196 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        409 26 Stocks Volume IDT Hldgs 20c 10.619,000 VanderHorst 8.782.000 IPCO $1.70 8,343.000 AS Auto Kk 7,935,000 Wing Tai 25c 7,743,000 Keppel Bank 7,449,000 ST Capital 25c 6,524,000 •TanChonglnt50c 6,444,000 DBS Land 5,613,000 Keppel Land50c 4,941,000 SMs OCBC Foreign 24.t83.804 UOB Foreign I 21.491,736 Keppel Bank 20,284.980 City Dev 50c 19,085.275 Keppel
        409 words
      • Article, Illustration
        Hopes of further prime rate cuts lift key indices
        626 26  -  STOCK MARKET COMMENTARY Banks, property stocks main beneficiaries, but broad market ends lower; mid-caps, penny stocks slide as fnnds refocns on fundamentals By Ven Sreenivasan KEY local stockmarket indices rose amid expectations of another round of prime rate cuts by banks.
        626 words
      • ON THE GRAPEVINE
        • Article
          Stake changes at FCW?
          107 26 THE former controlling shareholder of Malaysian cable maker FCW Holdings Bhd Ivory Quest Sdn Bhd is understood to have sold out of the company. Sources told BT that an off-market transaction of 59.2 million shares, representing 31.87 per cent in FCW, was crossed last Friday at
          107 words
        • Article
          Plum business
          90 26 WHO said you can't have your cake and eat it? Anastasia Liew-Tjendri began baking cakes in her HDB flat in 1976 and just kept on baking and baking until she had a very, very big business on her hands. Last weekend she became the first-ever Woman Entrepreneur of
          90 words
        • Article
          Fund for thought
          92 26 THE penchant for intellectual reverie shown lately by arch-speculator George Soros has not gone unnoticed among financiers. Commenting recently on Mr Soros' re-incarnation as philosopher-at-large, one wit noted that he had either found a new religion or wanted to be "Hegel in a Hedge Fund". This may
          92 words
        • Article
          Home truth: mum knows best
          83 26 YOU know the property market is in for a long hard ride when prospective buyers who decide against buying a property put the blame on their mothers. One bemused developer related the tale of a potential buyer who was really keen on a unit and
          83 words
        • Article
          Woods pays the price
          84 26 IF you believe this one, you'll believe anything. The golfers engaged in a play-off in a tournament in South Africa at the weekend were perhaps the only two in the world for whom the game, rather than the prize money, was the thing, commented a rather
          84 words
        • Article
          Thoughtful fax
          75 26 IN this age of obtrusive communications one company sent this newspaper 17 foxes on the same topic! if s nice to know that some can be thoughtftiL We've just received one from a local software firm giving details of its latest product The fkx closes with: "We apologise
          75 words
      • Article, Illustration
        HOT STOCK
        77 26  -  -by Ven Sreenivasan US dollar-quoted Ipco International has been on a steep slide since the beginning of the year. Yesterday's US$O.O3 gain to US$O.2B could mark a significant turning point. The counter is significantly oversold and could be gaining momentum to gradually recover in the next few weeks
        77 words
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      39 17 B V LG A R I The Quadrato watch Available in Singapore al Bvlgari. Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and: Dickson Watch Jewellery. The Promenade 732 8900 Ccntrepomt 734 5822 Suntec City Mall 336 4871
      39 words
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      120 19 P ''.f r 'V w r ?-V /...i. it.. A..,.;:.- v. v H I I It's not I h I I all bad news I n mm B I A I I in Asia. 1 H |B (Money No.l Singapore Research and Sales 1998 H I No.l Singapore Broker 1998
      120 words
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      43 22 TTffjrflTr »aaa^ttfiga* mr'***'*' J-hm*. i PkJBB I ~fraSs£Z SffT Court rgeets appeal jails DAP MP i MBS SWfijjjlfil WM WaHiIWH o TFCP Asian View Ij jflKßßfiE ggMjlS pii Ugl WW will lVMllCl>y O by Yang Razali Kassim I "T'i mj tv-h'SPt*" ff'.rrrr."» TheßusinessTimes
      43 words
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      19 23 The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks Wied^eisdays Money Matters bjf Larry Wee TheßusinessTimes
      19 words
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      718 26 [business J IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF INTERNATIONAL FOREST PRODUCTS (PTE) LTD (In Members' Voluntary Liquidation) Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havetock Road, 106-06 Apollo Centre. Singapore *****3, on 7 December
      718 words
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      Page 26 Advertisements Column 2
      7 26 The Straits Times Classified Where fc^eUets CATS.
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      Page 26 Advertisements Column 3
      48 26 .s'' WmSM. K-*- ;r Tl TTTP For more Information on Creative Ads, call: HJILi 1 Jl A fr an Bn i ]K® r»„,«» imitMwrvTi. Florence Kang 740 6161 m M Judy Tan 740 6163 v y JHHHK Low Cheh Chuan 740 6171 tot IOUS Desmond Kan 740 6175
      48 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      284 27 Bridge News Reuters SOFTER rates continued to surface for the Panamaxes, with talk emerging among brokers that an HSS cargo had been fixed at a lower U5512.50 on the run from the US Gulf to Japan. Little else emerged following a reportedly active, but shaky, week for Atlantic
      Bridge News; Reuters  -  284 words
    • Article
      MARITIME STOCKS
      281 27 SO '000 hc7 1$ Tel CWT Distribution 0.47 -0.01 109 Chuan Hup 0.52S *0.005 43 Cosco Investment .0.52 *0.01 3 Freight Links 0.185 unch 1364 G8 Holdings 0.345 -0.03 79 Hal Sun Hup 0.42 -0.015 240 Hitachi Zosen 0.695 -0.005 255 IMC Holdings HK 5.60 Jaya Holdings 0.50
      281 words
    • Article
      Many ships unlikely to meet GMDSS deadline
      438 27  -  Thousands have yet to convert to Global Maritime Distress and Safety System, mandatory on Feb 1 By Marcus Hand [SINGAPORE] Thousands of ships in the world fleet are likely to fail to meet the Feb 1 deadline for conversion to the Global Maritime
      438 words
    • Article, Illustration
      Lock icon Update on pleasures of boating
      44 27 [PARIS] General view of the Paris Boat show which opened last Friday at Paris's Porte de Versaille exhibition centre. The 10-day exhibit features latest innovations in the marine and pleasure boat industry. The exhibition runs until Dec 14. REUTERS
      REUTERS  -  44 words
    • Article
      Fuel testing firm sets up laboratory in S'pore
      210 27  -  Lin tec also offers ship vetting inspections By] Marcus Hand [SINGAPORE] UK and Neth-erlands-based fuel testing company Lintec has established a new laboratory in Singapore. The laboratory will provide fuel and cargo analysis and will represent ABS Oil Testing Services. Lintec is
      210 words
    • Article, Illustration
      Lock icon Ship crew gets aid
      105 27 [PORT ISABEL, Texas] A crewman on the 738-foot Pakistani-flagged Delta Pride hoists food aboard the ship, anchored 4.8 km off Port Isabel, Texas. The ship's crew received 22 days of food and water last Friday from the United States Coast Guard, which is continuing to monitor
      REUTERS  -  105 words
    • Article
      Indian committee proposes amending port Act
      228 27 [SINGAPORE] A high-level committee, appointed by the Ministry of Surface Transport of the Indian government to suggest amendments to the Major Port Trusts Act, 1963, has proposed splitting the Act in two to accommodate enabling provisions for corporatising the major ports. "In the report
      228 words
    • Article
      Lock icon Zim teams up with Korean firm in deal on 2 container terminals
      133 27 Reuters [JERUSALEM] Zim Israel Navigation Co said it has entered into a partnership agreement with Korea Express Co (KEC) for two new container terminals in the South Korean ports of Busan and Kwang-Yang. Zim, which is jointly owned
      Reuters  -  133 words
    • Article, Illustration
      Lock icon Bleeding from financial crisis
      769 28 ASIAN AIRLINES Indonesia's Sempati ceased commercial operations, PAL almost collapsed and other airlines have suffered losses AFP ASIA'S lingering financial storm has smashed not only factories on the ground but also swept the skies, where it has inflicted heavy damage on the region's airlines. The crisis
      AFP; FILE PHOTO  -  769 words
    • Article
      SHIPPING SCHEDULES INDEX
      234 28 PACE ECL 5 ACL 6 Evergreen 6 AM. 3 F o«M>Siir> 8 Accord 8 Linl1 Appenship 5 Gemartrans 8 Austral 8 H S° n Hu P 8 Balaj: Shpq 4 Hangli 7 BSA 7 "*>)'" 3 B'tanq Mas 8 Heung-A 7 CCNI 7 1 CMA 8 M*S
      234 words
    • Article
      SHIPPING GUIDE
      17696 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voy aga Taltphona ETA ETA Advartisar Vassal Voyaga Talaphona SIN Dast'n s am» Nama Numbar Number SIN Dast'n Nam* Nam* Numbar Number 24/8 M/01 Hyundai MM THAMES 552W 65 1199*44 To ABIDJAN (ABJ) 2003 Cot* D'lvolre 26/8 «/oi cosco normancme bridge
      17,696 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        842 39 Vessal Voy No Barth Arrival Departure MM End *****8 Jw'M "In 07.12/2100 Aroma 47A J06 aMigsidt 0712/1800 Bright Coral 3A J23 alo<i«sidt 08 12/2359 M JM I *****8 J01 along si da 07.12/2359 St Mjmm S 0CC7 JOI «orxruOt 07.12/1700 St Mtr una *****8 J01 aWngsidt 0712/2000 Bt
        842 words
      • Article
        CONTAINER SCHEDULES
        1843 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklnq/BtUnct Rstls Ship Voy No Etb/Btr Period From To Fran •cum m 06/1200 u OJ moo oinu* oimoo Hmif 2 UZW 10/0700 M 07/1500 07/Mt MM 8 07/BW 07/1659 07/1600 U 07/1700 06/0659 06/0900 26 07/1700 06/0659 06/0900 J 06/0700
        1,843 words
      • Article
        GLOBAL HOLIDAYS
        217 39 Dee 8 Austria: Ammuculate Conception Deo 12 Mexico: Virgin of Guadalupe (optional). Deo 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Deo 20 Nethei 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
        919 39 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges In US dollar* Instead of single prices for a more comprehensive description at the market Prices shown are baaed on *verage»ued stem Market movements are indicated The Cockett Bunker Price Index chance and the individual
        919 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        470 39 Carton 180 M« 990.2 19 17.4 0.6 78 0.07 3 Density "«t»r Rtudu. Ask Aluminium Sediment No above E25 0 1 1 1 0 0 380 Ave 987.9 OJ 15J 0.07 31 0.02 hi* 380 Mm 995.2 OJ 19.6 0.11 61 0.06 WM mt mom* No
        470 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon India trying to speed up privatisation of aviation firms
        503 40 5 airports identified for upgrading or construction with help from private sector capital Reuters [JAIPUR, India] India is trying to speed up the process of freeing its state-owned aviation firms from government control, the top Civil Aviation Ministry bureaucrat said. "We
        Reuters; FILE PHOTO  -  503 words
      • Article, Illustration
        Lock icon Pilots of light aircraft killed
        57 40 [ISTANBUL] A Turkish policeman walks past the wreckage of a light aircraft after it crashed onto the tarmac of Istanbul's Ataturk airport. Fire crews at Istanbul airport rapidly extinguished the blaze on a section of the apron away from the main runway. Both pilots of
        REUTERS  -  57 words
      • Article
        Lock icon Nissan, Hitachi to cooperate on developing car technology
        334 40 Bloomberg [TOKYO] Nissan Motor Co, Japan's second largest carmaker, and Hitachi Ltd, the nation's biggest electronics maker, said they will work together more closely to develop technology for future generations of products such as car navigation systems. As a first step, Hitachi
        Bloomberg  -  334 words
      • Article
        Boeing's Toronto plant to remain open till 2001
        145 40 [TORONTO] Boeing Co's Toronto plant will remain open until at least 2001, employing up to 500 people to build 50 pairs of wings for the Seattlebased aircraft maker's new 717 model, the Globe and Mail reported. The news comes just days after
        145 words
      • Article
        Lock icon Swissair may team up with Cargolux
        110 40 Reuters [JAIPUR, India] Swisscargo, a division of Swissair, may start joint freight flights with Cargolux Airline International SA of Luxembourg to the southern Indian city of Madras, a senior Swissair official said. "At the moment, we are flying only DC-10 aircraft (to Madras). We
        Reuters  -  110 words
      • Article
        Lock icon Polynesian Air working again with Hawaiian Airlines
        192 40 Reuters [PAGO PAGO, American Samoa] Polynesian Airlines and Hawaiian Airlines have reinstated an airline agreement severed more than four years ago when Polynesian Airlines was in financial difficulty, an airline official said. The interline agreement covered both passengers and bags transferring between Sa-moan-government
        Reuters  -  192 words
      • Article
        Lock icon PAL plans capital boost of US$90m, fleet cuts
        339 40 Carrier also asking for longer repayment period for loans Bloomberg [MANILA] Philippine Airlines (PAL) unveiled a rehabilitation plan that calls for an immediate capital infusion of US$9O million (*****.5 million), slashing its fleet to 22 planes and a longer repayment period for
        Bloomberg  -  339 words
      • Article
        Lock icon BAe, Dasa to merge before Christmas: report
        107 40 AFP [LONDON] British Aerospace (BAe) and Dasa of Germany will be in a position to announce their merger before Christmas, The Independent newspaper reported yesterday, citing industry sources. The report said most of the difficulties relating to the operation had been settled over
        AFP  -  107 words
      • Article
        Lock icon Malaysian govt urging small airlines to merge
        214 40 Bernama [LANGKAWI] The government has urged small airline companies to merge with bigger ones following the slowdown in passenger and cargo traffic growth, a situation which is expected to continue in the first half of next year. Deputy Transport Minister Mohd All Rustam
        Bernama  -  214 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1788 40 an rucff m fucht no mrrs mso so26 2355 AMM* 8A7381 1930 8A7382 2050 ««78 1650 LH779 2359 0f81 1930 0f82 2050 *>2005 1650 N***** 2359 AN8229 2230 M7306 1840 S***** 2359 IH6380 2230 ***** 2230 FukuoM S0989 (730 S0990 0115 AastortM HLM3 0540 GA972 0040
        1,788 words
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      21 27 Asian airlines bleeding from fSnanrifll crisis Indonesia's Sempati ceased commercial operations, PAL almost collapsed and others have suffered losses. Page 2
      21 words
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      Page 27 Advertisements Column 2
      555 27 India trying to speed up privatisation of aviation firms 5 airports identified for upgrading or construction with help from private sector capital. Back Pa#e IJWJH Tan Kay Hock has I 1 Naohisa Takai is assumed the position of I I retiring as APL's vicechief executive officer VI president and senior
      555 words
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      706 28 I impoHY I I NORTH AMERICA I QULftINDIAN SUB-CONTINENT [SUPER SHUTTLE EXPRESS uamumm± KARACHI EXPRESS (QKX) vtssa VOYAGE LGO VHSa VOY JEA DMN RAN (NO Ul COt PKG~ 000 AMERICA 30W540 02/12 20/12 PtO NEDUOYD DAMMAM 331 U/ll 20/11 20/11 27/11 17/11 01/11 OS/12 00/12 000 CALIFORNIA 32W549 00/12 27/12
      706 words
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      Page 28 Advertisements Column 2
      685 28 S services represented Mom*** {ifjCSMV, MemDers Registry C 3« Hg4l Sngapore Freight Forwarders V.'Wiy Accrecllte d Shipping Agents, Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETASLN ETA MALE Princess Llh VOB9B 21/12 22/12 JO/12 Princess Lih V 0998 12/01/99 13/11 21/11 LILY MARINE SERVICES SINGAPORE Phone
      685 words
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      1040 29 SAX SERVICE (DIRECT) IvBSR VOY SWttt lux OAK 1 DAI 1 HOU 108 001 MB* Ml NYC APIGAMT 007! 02/12 17/12 22/12 22/12 23/12 22/12 23/12 23/12 24/12 24/12 ttlSHNtt 007t 09/12 ~247T2 29/12 29/12 01/12 29/12 01/12 01/12 02/12 02/12 mitana 02it u/12 31/12 05/01 os/oi 06/01 05/01 06/01
      1,040 words
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      Page 29 Advertisements Column 2
      1953 29 I (g) HANJIN SHIPPING HANJIN SHIPPING (S) PTFITD hi* ham* cam lOOUNC 37*0735 737 SAIB 37*0774 731 00(UM£NT 37*07/1 774 OftMTlOtfi 37*0741 757 MAIN UK *****55 FAX 777W40 QUO: **********0* TO NW USA A CANADA USA CANADA* VSI/VOY IMMI 5M LMI HAll/VOY SU HW 0« PO* OR MP PTT on
      1,953 words
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      Page 29 Advertisements Column 3
      348 29 KMTC provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 271 2325 ;>!■! I lit ht 1717JJ5 M*r*: JAPAN POtTS sae«•»»»« «£uM.%ZLufc.O a** fmmf M 04-******0 (Hi) 04-1*1414* UGA (TKI CHIIA (CHOI. FWMTUIA (BT). NAUU (1*1). MAOCTSU (iUOI. wvMMtuiirt (i*»yQ 7
      348 words
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      1407 30 DSR-SENATOR UMES TO UK/CONTINENT TOMEDITERRANEANCANADA VtOll VOT MT" IfH HTM AKR MM WW FU «WL TOY MM GtT SPt FOI W.C MTW HMUM GENOA WQSS2 #412 »12 21.12 24 12 2112 PAOFIC SCNATOR WHOM 11.12 27 12 2*12 11 12 K*l *01 PUSAN SENATOR HMM Ml 2 »12 CTI2 2*
      1,407 words
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      Page 30 Advertisements Column 2
      1011 30 \mjkm MAC-NELS S'PORE M'SIA I r~TTTm Cantor: MN COMTR UNES, INC P. GUDANG: (07) *****26 I l-JW J m t 1W*7«0000« SWU: (084) *****9 MAMLA: (632) *****24 P6NANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA (31)*****0 P. KELANG. (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCttNQ (082) *****1-3 DARWIN EX
      1,011 words
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      Page 30 Advertisements Column 3
      637 30 LINE ST jA Till MH4S6 IMb MMIH 1 MUARA H LABUAN "l vissa vot etc m vessel yoy etd eta VOK MM* SPOBE IM OUUU 888-32 V2OI/48 It/17 21/12 STtAITS HOPE V33E/94 17/12 21/12 Slum Hon V3X/M 17/12 20/12 OUUU JMB-32 V2II/W 25/12 29/12 OUUU JNB-J2 V2IE/9S 25/12 21/12 STUA/TS
      637 words
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      1280 31 [vessel vov sin sip pkq pew pqb dub shj Iba BIK I IRAN VAHDAT PJLI32S 08/12 03/12 18/12 17/12 19/12 21/12 TBN 12/12 22/12 21/12 23/12 25/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 06/01 IRAN BABAEI PJLI326 01/01 11/01 10/01 12/01 14/01 PQBs Mini Qaboos DUB Oubai. SHJ >
      1,280 words
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      Page 31 Advertisements Column 2
      1932 31 W«tkly to iuropt Main Ivory Monday ami Saturday I Dlro<t to Irotoahiwoii ii 10 d«yi J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD {l/lf J T* 1 *****^ l, To!ioßEOfF!a! l^™"^™™"™™™^| COSTAR SHIPPING PTE LTD 417-08 DBSBLDG SALES/IKGS *****57/60 INWARD DEPT(O/0) *****8S CO STAR
      1,932 words
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      Page 31 Advertisements Column 3
      677 31 EASTERN CAR LINER, LTD. |_Ej ta (SINGAPORE) PTC LTD M I SPECIALIZE IN RORQ HEAVY LIFT UPTO 450 TOMs] ECI (SINGAPORE) PTE UD LOAD NG FOR POUT KLANG/COLOMBO/ I PORT KLANG/PENANG MV "ORIENT IRIS" V.29 ETA SN 12/12/98 ETA PKI 14/12/98 ETA CLB 17/12/98 ETA SIN 13/12/98 EU PKL 14/12/98
      677 words
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      1398 32 rage o EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE IHV LHV THP ROM ANW HBG PKL S6P I. DYNAMIC RW 002 13/12 02/01 02/ HI 03/01 04AI1 01/01 06/01 E. RIGHT RE 036 12/11 14/11 13/11 1«/11 17/11 11/12 11/12 E. DEVOTE RW 004 10/12 08/01 13/01 09/01 11/01 12/01
      1,398 words
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      Page 32 Advertisements Column 2
      1066 32 ADVANCE CONTAINER LINES (PTE) LTD g\ f"■ 140 Cecil Street. #12-00, PIL Building, Singapore *****0 M V LI TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO **********0E OPERATIONS: *****6<V *****05 BANGKOK JAKARTA 5 Si|* ni7 Slgt LCH/1 Slg BUT) IS S»lhn fl t/Wf» Vtssa VOY SM BKK VESSH.
      1,066 words
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      Page 32 Advertisements Column 3
      633 32 /CTT NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL YOT SK PUI DU» JIB (TT W HAWTAi QUEEN Y.031S «/l? 11/ l? 72/1? 2S/12 M/l? 30/1? WAMUIDHAGON V.OIOS 11/1? a/1? 01/01 OS/01 ot/0l NAIHAI PtIWCE VOT6S 27/H 10/01 13/01 14/01 mm rows vo3is 03/01 12/01 ii/ 01 if/oi
      633 words
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      487 33 1 BSflx mm. MYANMA wBBk FIVE STAR LINE (Myanmar National lin«) w Loading for Yangon (Rangoon) Vissa VOY SIN Ml PIN PGU SITTWt »3W SID PATHBN <S3W 01/12 MALAYSIA AGtHTS: IOUSTEAD SHIPPING AGENCIES KUL TU (03) *****00 PKL TU (03) 37*6101 KN: TU (04)2****** PGU: TU (07) *****21/4 BANK LINE
      487 words
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      Page 33 Advertisements Column 2
      1591 33 HMMO MARINE CO-/ITP. fvissii VOY I I SOU LtH 1 RTM 1 ANT 1 HAM I MtV I Ffl IVISSfI VOYISOUILBIIRTMIAWTIHAMITHFaimi HYDUKE 315W Wjvi 23/12 247TT~ 26/12 21/12 MOS& 5231 21/11 20/11 15/11 17/11 01/12 HY COMMODORE 316W 10/12 21/12 02/01 31/12 30/11 >*/" N/ll 11/11 If/11 10/12 RHME 524
      1,591 words
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      Page 33 Advertisements Column 3
      1026 33 V ncxwegion gpeooind oukxtxriers ©2®gg Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE" [vessel vor ramp height m lax crl wua sav mi m ntc mi wo» TOURCOING F824 400 Tons 63M 14/12 09/01 U/01 21/01 23/01 25/01 26/01 27/01 01/12 05/02 TAPKHA F9Ol 400 Tom 6.3 M
      1,026 words
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      893 34 BANGKOK/ MAP TA PHUT/ LAEM CHABANO JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY I SIN JKT PJN CHANA BHUM" 47N In Pt 11/12 ANRO GOWA' 062 ~n Pt 12/12~ XETHA BHUM 262N hi Pt 12/12 11/12 GURU BHUM 107S 09/12 13/12 NANTA BHUM" 423W 08/12
      893 words
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      Page 34 Advertisements Column 2
      573 34 i^BHS INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VU VOT r S fOtl I A'PAM/t'PAM H'Mt MM jggg a vtssti I 15/n I n/u I ts/ii own «s/»i TO AUSTRALIA ~1 FULL CONTAINER SERVICE jfr IVPTIWC MWI m I M IiTP 1 MR IHM 1 *IH IFB Wnvotr m
      573 words
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      Page 34 Advertisements Column 3
      959 34 VESSELS VOY SIN So MLA l£H RTM HAM VILLE DE TANYA T29W 15/12 I*l2 28/12 04/01 06AM auoi r VILLE DE TAURUS A29W 22/12 23/12 04A>1 11/01 12A)1 13AM VILLE D'AQUABRJS U29W 20/12 30/12 11/01 1001 I*ol Soi VK-LE OE ANTARES L29W OMOI 06AM 10/01 2VOI 28/01 27AM 2&01 Si6i
      959 words
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      Page 34 Advertisements Column 4
      17 34 IBHSHIHBH CONVENTIONAL/BREAKBULK SERVICE LOADINO FOR COLOMBO/CALCUTTA 10.11.00 LOADINO PON DUBAI/AMI DHAM/DMM 00.12.00 I LOADINO FOR MAONAf/CHINNAI/COLOMOO 11.12.00
      17 words
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      Page 35 Advertisements Column 1
      53 35 ®New Service to Middle jfast MEXICAN LINE M A TRANSPORTACION MARITIME MEXICANA, SA de C.V. Wrl I is now with Wan Haines Ben Line Agencies on Page 8 p age sjf New Service to Jr j Calcutta/Haldia direct service to Calcutta Shipping SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) Page 12
      53 words
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      50 37 ■aUI Dial 740-6000 Oil Q€ITI3nG —mmJ (Retrieve more schedules!) St£) Press "1" JC\ Select the port and key in STBtl the four digit code —eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times
      50 words
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      136 38 ■UFREE 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 service
      136 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      146 39 t«B 7 J IjttOE 7 [Regional Weather) dryC* W «/^V 2® LEGEND R Thunderstorm Temperature o c X\ V Shower Weather _X Wind drection with speed m knots Rom Cloudy Sky Wov h ®'9ht Surface winds ore indicated by arrows which fly with the wind One Ml circle represents catm
      146 words
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