The Business Times, 11 December 1998

Microfilm: NL21360
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    13 1 MITA(P) 110/12/97 85C THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, DECEMBER 11, 1998
    13 words
  • Article
    MARKET SUMMARY
    62 1 8B UMJi (+15.29) ■njBT-SK U OM4 (+7.79) visoßGirontEs U 2f7J4 (+214) gumrmit STOCK MABXET DOHCES Humday Chance KLSE COUP HU8 «UI NIKKEI 14,BK* 134.1 RANOSENO 1M1&44 -4MI SET INDEX CM JAKARTA COMP 463.67 *A» MANILA COMP **M taipei wn imn m>4 SEOUL OOMP K7JI +41JI CLSA CHINA B
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  • Article
    FINANCE
    71 1 FimiASB uss st US* LS47 £(US$/SSper£) 1.6S3 L7» DM UN MR YEN 1(7.1 im* RM UN MS NKS 7.748 Ml* BAIfT »J7 (M BIPIAH 7jm MS* •atmmmiMM PUKE BATES SINGAPORE* s U1 KUAU LUMPUR ilM JAKARTA 28.00 BANGKOK 14.71 MANILA ttJt HONGKONG 1«A TAIPEI &M SYDNEY K46 TOKYO L«
    71 words
  • Article
    S'pore punters pile into penny warrants
    482 1  -  Many low-priced warrants jump over 30%; 18 among top percentage gainers By R Sivanithy [SINGAPORE] It was like the good, not so old days yesterday as penny warrants exploded into life, with gains of more than 30 per cent for a dozen or so
    482 words
  • Article
    SES to see its first-ever put warrant on the Dow
    487 1  -  Byi Conrad Raj [SINGAPORE] Investors here will have another instrument to place their money in with the launch of an Americanstyle put warrant on the Dow Jones Industrial Average. Bankers Trust International will issue between 15 million and 20 million
    487 words
  • Article
    Lock icon Asia still bullish on stocks
    674 1 Respectable growth forecast for region's market indices Reuters [LONDON] For a region beset by economic crisis, East Asia remains remarkably optimistic about its stock markets. A Reuters poll of analysts produced forecasts of respectable or even strong growth for indices in the region's major markets
    Reuters  -  674 words
  • Article
    Lock icon KL raises 66.6b yen from first Asian bonds backed by Japan
    653 1 Success seen as big boost to confidence after poor ratings Bloomberg [KUALA LUMPUR] Malaysia side-stepped its near-junk sovereign ratings to raise 66.6 billion yen (***** million) in capital from the international bond market, with the Japan government standing as
    Bloomberg  -  653 words
  • Article, Illustration
    Lock icon Taking it in their stride
    50 1 [SINGAPORE] Philips Singapore yesterday retrenched 750 workers, or 9.4 per cent of its staff. Seen here are a few of the workers who were transported by bus to the Ministry of Community Development Building to meet potential employers. Full report, Pf 4 SIEW YAW HOONG
    SIEW YAW HOONG  -  50 words
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      133 1 in sum Mfcrbtakuta Indonesia is pumping 155 trillion rupiah into at least 70 bulks, in what amounts to a virtual nationalisation of its tattered banking industry, P*s i "UK cuts interest rates to Full report, Pg 10 Mmt Mmkuk ratas DBS Bank's interest rates for short-term fixed deposits of less
      133 words
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      52 1 DBS issues 50m Keppel Bank call warrants, Pg 15 Market reports, Pg 22-26 lllf I. QinflDE iends Ml V u I UhE pg^r r,vals Time S'pore investors get a hedge against the Dow, Pg 15 So little tangible behind so much stock value, Pg 12 HK, BfTsia, Indonesia: outlook worse,
      52 words
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      63 1 (T he largest, the tiniest, the slimmest, the most 2 complicated, the most expensive, or the rarest. But not the fastest, so its not exotic sports cars we're talking about. Instead, BT today comes with a gift 0f... »TIM>WI < *-j|p if ISB i \lr itHK Ir f I ifl
      63 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      DBS move expected to spur rivals to cut deposit rates
      290 2  -  By< Clarissa Tan DBS Bank's interest rates for short-term fixed deposits of less than $50,000 are now below the prevailing interbank rates, and could pressure other Big Four banks into slashing their FD rates, analysts said yesterday. "With its fixed
      290 words
    • Article
      Current property prices still not attractive: fund
      421 2  -  Most funds not baying yet, rental yields thin, says Schroders By, Ang Wan May INSTITUTIONAL property funds looking for property investments here haven't picked up anything yet as prices are still not attractive enough, says Ang Ah Lay, head of Schroders Property Asia.
      421 words
    • Article
      'All in 1' plan for industrial parks
      475 2  -  Reclamation of jorong Island to be speeded np, biggest tender award soon By- Ang Wan May A PLACE for manufacturing facilities, living, eating and enjoyment this is what new industrial parks in Singapore would be developed into over the next 10 years. The
      475 words
    • Article
      HDB names Citicorp arranger of its medium term bonds
      182 2 CITICORP has been appointed by the Housing Development Board as the arranger of its medium term note programme. Announcing this in a statement yesterday, the HDB said Citicorp will also be its lead manager of the first tranche of bonds which
      182 words
    • Article, Illustration
      Lock icon Job ads down 57% in Nov
      304 2  -  EYE ON THE ECONOMY Jobs By Eugene Low IT'S not certain yet if the plunge in newspaper recruitment advertisements is bottoming out, but the November slide has eased compared with the last five months. Job ad volume in Singapore Press Hold- ings newspapers fell
      Source: SPH  -  304 words
    • Article
      New OCBC logo keeps heritage
      179 2  -  LK7ITISK TO THE EDITOR Nigel Smith Managing director 2 Design in Action (S) Pte Ltd I REFER to your report entitled "Spot the difference" in your On the Grapevine column (BT, Dec 5). The report, while amusing, raises a more serious issue. The new OCBC
      179 words
    • Article, Illustration
      Lock icon Cable, satellite TV providers agree to work together
      406 2  -  CABLE AMD SATELLITE ASIA *96 By' Toh Han Shih PLAYERS in the cable and satellite TV industry in Asia should work with one another, instead of competing headon, to weather the finaoffcil crisis gripping the region. Senior industry executives reached this consensus
      SIEW YAW HOONG  -  406 words
    • Article
      Philips axes 750; largest layoff since Jan
      584 4  -  Cats follow decision to move some production oat of S'pore By, Jennifer Lien [SINGAPORE] Consumer electronics company Philips Singapore yesterday retrenched 750 workers, or 9.4 per cent of its workers, following a decision to move some production out of Singapore. The layoffs are
      584 words
    • Article
      Societe Generate to cut 124 jobs across Asia
      305 4  -  No breakdown o! figures, exercise still being carried out tiy Clarissa Tan FRENCH bank Societe Generale (SG) will be cutting 124 jobs across its Asian front office operations, as a result of a reorganisation, the bank has announced. The cuts will be
      305 words
    • Article
      Franchise industry to get $8m TDB boost over 5 years
      364 4  -  By, Audrey Tan THE Trade Development Board (TDB) expects to grant some )8 million in subsidies to franchise businesses in the next five years, in a bid to boost a "sunrise industry". At a press briefing yesterday, TDB officials outlined
      364 words
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      90 2 GOLD///PFEIL GERMANY The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt. Trolley bags: $498 (left) $398 (right) Boutiques: Unit
      90 words
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      28 2 HF ""FS jm Taking wellness I i to a new level HH BH Fancy a Starck jßhi *j^H H| These and more in BT's Executive Lifestyle TOMORROW I;
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      97 3 Do you want more from your bank than a standard agenda? Do you want them to look beyond the obvious? To view things from a completely fresh perspective, to help you make longer-term plans or focus on entirely new horizons? Or do you simply expect more commitment? If so, perhaps
      97 words
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      120 4 Cashmere in leather. Or how to advertise your Christmas bonus. V V'- 4 Purity Collection 1 To celebrate the opening of our new boutique, we are giving away 2 Eastern Oriental Express rail tickets to one lucky customer. Make a purchase of $1000 or more at the Seeger boutiques in
      120 words
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      63 4 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager OT Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE. 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg
      63 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Jakarta to pump 155t rupiah into 70 ailing banks
      578 5 Govt silent on source of funds but analysts point to bond issue for recapitalisation Bloomberg [JAKARTA] Indonesia is pumping 155 trillion rupiah (5533.8 billion) into at least 70 banks, in what amounts to a virtual nationalisation of its tattered banking industry.
      Bloomberg  -  578 words
    • Article, Illustration
      Lock icon Korean stocks surge 8% in biggest gain in 6 months
      345 5 Failing rates cited; construction firms lead advance Bloomberg [SEOUL) South Korean stocks posted their biggest gains in six months, led by construction companies, as falling interest rates pared borrowing costs and drove investors from fixed-income assets to equities. The benchmark
      Bloomberg; Source: Bloomberg  -  345 words
    • Article
      Malaysian banks welcome property push as loans 'safe'
      404 5  -  Housing sector NPLs among country's lowest, banker says From Ruth Wong in Kuala Lumpur MALAYSIAN banks welcome the government's move to promote the sale of residential properties and have no qualms in giving out loans to this sector as it is "the
      404 words
    • Article
      Lock icon HK, M'sia, Indonesia: outlook worse
      595 6 Renters poll shows better prospects for Australia, S'pore, S Korea, Philippines Reuters [SINGAPORE] The economic outlook for some of Asia's distressed economies worsened in the past few months, a Reuters poll of more than 100 eoonomists shows. Analysts have slashed estimates for 1999 gross domestic
      Reuters  -  595 words
    • Article
      Lock icon Thai privatisation costing too many jobs: global unions
      387 6 Decisions too hasty, workers not consulted Reuters (BANGKOK] Thailand's rapid privatisation programme will mean hundreds of thousands of job losses, a group of international trade unions said yesterday. Seven labour organisations including the International Confederation of Free Trade Unions said in a
      Reuters  -  387 words
    • Article
      Lock icon HK mulling sales tax to boost revenue: report
      262 6 AFP [HONGKONG] The Hongkong government is mulling the introduction of a sales tax in a bid to combat the effects of the economy's recession, press reports said yesterday. The Hong Kong Daily News, citing unidentified sources, said the government was also considering
      AFP  -  262 words
    • Article
      Lock icon Proposal for Asean fund to share Japan aid pie
      265 6 AFP [HANOI] South-east Asian finance officials heard a potentially contentious proposal yesterday to set up a collective fund for the region with billions of dollars in promised aid from Japan, delegates said here. The proposal was advanced by the Association of
      AFP  -  265 words
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      80 5 s; Jr flmf' JAJHKm /EULj^^^^KKVm nv^i¥Al/bbi^h m^|L Hr 1 m. ok. IbZMP JVißr Xbv# "jg^ste-v. i^3^^msS£3ES?^*'' ■jfcy' v *L, 2; «C23BBHMiM^^^^a^^^ Younever jjK, *ap* actually own a Patek Philippe. PATEK Philippe r r GENEVE You merely look after it for the next generation. The new ladies' Travel Time with dual
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      202 6 at Christmas. New I heory: Motorola surprises everyone this X'mas with more power. v! yjr v f -j*^^^Kl^EKsm£pM. V| I W^*. I H ,'i v I his Christm.is, get more power to be w ith\our iriends m' and lo\ i»d ones. Bet aiiM' whenexei vou bu\ .1 Motorola I I
      202 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon KL urged to ratify rights covenants
        87 7 AFP (KUALA LUMPUR] A Malaysian opposition coalition called on the government yesterday to ratify international human rights covenants as the world marked the 50th anniversary of the Universal Declaration of Human Rights. "Our country became a member of the United Nations in 1967 and
        AFP  -  87 words
      • Article
        Lock icon 182 murdered in organised killings
        60 7 Reuters [JAKARTA] An official team probing a bizarre spate of murders of Muslim clerics and alleged black magicians said yesterday it had verified 182 deaths, but failed to discover who was behind the slaughter. But in a report presented to Parliament, the team said it
        Reuters  -  60 words
      • Article
        Lock icon Spratlys: China accused of aggression
        80 7 AFP [MANILA] A US legislator said yesterday that China had sent three warships to a disputed South China Sea reef also claimed by the Philippines and accused Beijing of aggression. US Representative Dana Rorabacher, a senior member of the committee on international relations, told reporters
        AFP  -  80 words
    • Article
      Lock icon Pertamina to re-tender US$500m LNG contract
      214 7 JAKARTA AFP INDONESIAN oil company Pertamina has scratched a huge Suharto-era liquefied natural gas (LNG) plant contract awarded improperly to a consortium involving British Gas and US company Arco, reports said yesterday. The contract, with an estimated value of US$5OO million (SsB2o million), will
      AFP  -  214 words
    • Article, Illustration
      Lock icon Thousands protest in Jakarta on human rights day
      359 7 JAKARTA Reuters INDONESIAN protesters hurled rocks and scuffled with troops yesterday as thousands rallied in Jakarta, demanding former president Suharto be tried for graft and pressing for an end to the military's role in politics. Thousands of troops blocked key roads in
      Reuters; AFP  -  359 words
    • Article
      Lock icon Anwar and Sukma took turns to sodomise me, says ex-driver
      581 7 ANWAR'S TRIAL Judge rejects demand by the defence to disqualify Azizan as a witness Reuters [KUALA LUMPUR] Malaysia's ousted finance minister Anwar Ibrahim was dealt a major legal setback yesterday when his ex-driver repeated his allegation that the former cabinet
      Reuters  -  581 words
    • Article
      Umno won't release full Anwar tape at meeting
      436 7  -  Distribution may breach court's gag order: official From Eddie Toh in Kuala Lumpur THE United Malays National Organisation (Umno) will not release the entire tape recordings of its September meeting which expelled Anwar Ibrahim from the dominant political party during its extraordinary
      436 words
    • Article
      Lock icon Prabowo fails to show up at his retirement function
      319 7 JAKARTA AFP PRABOWO Subianto, a son-in-law of former president Suharto discharged from the army for his role in the kidnapping and torture of activists, failed to turn up at his official retirement ceremony yesterday, a report said. Lt-Gen Prabowo had been
      AFP  -  319 words
    • Article
      Lock icon Anwar's wife forms body to campaign for reform
      441 7 KUALA LUMPUR Adil not a political party, plans to be registered as society Reuters THE wife of Malaysia's sacked finance minister Anwar Ibrahim yesterday said she was forming a national organisation to press for reform and attract disgruntled citizens who have rallied
      Reuters  -  441 words
  • Page 7 Advertisements
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      44 7 E Available with colour panels, mirror panels, stainless steel panels, stainless steel wraps and designed for built-in Amana Refrigerator/Freezers ■muui (b) ga.umjj.uifu.uiei-*. 180 Paya Lebar Road »09-03 Vi Guang Building Singapore *****2 Tel *****88 Showroom 176 Orchard Road 003-43F Centrepoint Singapore *****3 Tel *****88
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      125 7 We proudly present a painting exhibition by Mr Yap Hian Tjay till 12 Dec 1998 I A talented 72-year old Wy'Vf* Chinese-Indonesian who had studied art in Holland in his younger days with a special flh interest in natural landscape and still events. Known (or mKM his unique composition of
      125 words
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      87 7 Where to wine, dine and entertain...... r. ISNTCjHRISTMAS..- O ....without these Yuletide delicacies from The Cake Shop! Find all your favourite f festive goodies such as Roast Turkey, Honey Glazed Ham, Log Cake, Gingerbread, Stollen, q Christmas Cookies and Chocolates here at The o Cake Shop. Well-known for the authentic
      87 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon HK plan to cut welfare benefits sparks outcry
      353 8 HONGKONG Legislators, welfare groups say proposal targets poorest AFP HONGKONG'S plan to slash welfare benefits has unleashed a storm of protest from community groups but has also revealed simmering resentments against both the unemployed and the government, legislators and academics said yesterday.
      AFP  -  353 words
    • Article
      Lock icon Analyst sees HK real estate prices rising 20%
      375 8 HONGKONG With bigger savings, falling rates, real estate will be more attractive, he says Bloomberg HONGKONG real estate prices will rise at least 20 per cent this year, as people use accumulated savings to buy apartments and the supply of new units
      Bloomberg  -  375 words
    • Article
      Lock icon End of business for PLA in Beijing
      219 8 BEIJING 68 police, military enterprises handed over to city govt Reuters THE Beijing Garrison of China's People's Liberation Army (PLA) has handed over its commercial empire to the city government just weeks before a deadline for the military to get out of business.
      Reuters  -  219 words
    • SINO Briefs
      • Article
        Lock icon Taiwan banks cut prime rates
        162 8 Reuters [TAIPEI] Taiwan's "big three" commercial banks said yesterday they were trimming their prime lending and various deposit rates effective from today in line with the central bank's recent cuts of two key interest rates. Chang Hwa Commercial said it was cutting its prime rate
        Reuters  -  162 words
      • Article, Illustration
        Lock icon Tying the knot
        68 8 AFP [SUZHOU] China has enlisted the expertise of Paris in an effort to develop fashion-design sophistication to match its muscle in textile and garment production. On Wednesday, the French Education Ministry's Paris division, the Institut Franca is de la Mode (IFM) and leading French clothing firms joined
        AFP  -  68 words
      • Article
        Lock icon China denies getting help from Hughes
        85 8 AFP [BEIJING] China yesterday denied it had obtained any sensitive information from the Hughes Electronics Corp after a Pentagon report said China had received information that improved the reliability of its rocket launches. "Past Sino-US cooperation on the launching of satellites was a completely
        AFP  -  85 words
      • Article
        Lock icon Moody's cut unfair: Chinese bank
        93 8 Reuters [BEIJING] The Import and Export Bank of China yesterday hit out at Moody's Investors Service over the downgrade last week of its foreign currency debt rating. Moody's lowered the bank's long-term foreign currency debt ratings to Baal from A3. It cited the declining financial
        Reuters  -  93 words
      • Article
        Lock icon Dalai Lama talks with China collapse
        114 8 Reuters [PARIS] The Dalai Lama, Tibet's exiled spiritual leader, said on Wednesday attempts at informal talks with Beijing about his demands for Tibetan autonomy from China had recently broken down. "For a while we held the hope of improving the situation by using non-official
        Reuters  -  114 words
    • Article
      Lock icon US$1b global bond offer a success: PBOC
      214 8 SHANGHAI China's reputation on intl markets still solid, says official Reuters CHINA'S central bank yesterday called the nation's US$l billion (Ssl.6 billion) global bond offer a success that showed the country still has a solid reputation on international capital markets. "It has been
      Reuters  -  214 words
    • Article
      Lock icon Tianjin Itic seeking funds to make payment on bonds
      169 8 BEIJING Bridge News CHINA'S Tianjin International Trust and Investment Corp (Itic) is "actively" seeking funds to be able to make payment on its 10-year, 10 billion yen samurai bond maturing Dec 17, an official at the Tianjin arm of the State
      Bridge News  -  169 words
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      89 8 MONT° f BLANC In times X that are changing ever N* faster, we need things which preserve the moment. I It fl V HiL^, < jßn\. J| sr 4»» j? R. JHr **&iM: sHk 4lh^ J fpp£% ■>>$■ y -^acg^aßW^/' ••iJb'w'ajfii^fct/ THE ART OF WRITING YOUR LIFE Writing Instruments Watches
      89 words
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      8 8 Editorial: Beijing's move out of business, Pg 12
      8 words
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  • ASIA
    • Article
      Lock icon South Korea nets US$300m in sale of 5% Posco stake
      355 9 SEOUL It is first overseas offering of a major state-owned firm AFP SOUTH Korea's government has sold a U*****.4 million (***** million) stake in steel giant Pohang Steel and Iron Corp (Posco) in the first overseas offering of a state-owned
      AFP  -  355 words
    • Article, Illustration
      Lock icon B'desh symbol of freedom
      59 9 [DHAKA] Bangladeshi sculptor Shamim Sikder (top) helping to erect a 9.1-metre high, 100-tonne sculpture with a worker near Dhaka University on Wednesday. The sculpture symbolises Bangladesh's war of independence and depicts bullet-riddled bodies of liberation fighters. It is being built to mark the 27th anniversary of
      REUTERS  -  59 words
    • Article
      Bill opens India to foreign insurance companies
      425 9  -  Proposal allows 26% foreign equity in private firms From Yogi Aggarwal in New Delhi THE BJP-led coalition government is to introduce an insurance bill today allowing foreign insurance companies to operate in India for the first time since 1956. The Insurance Regulatory Authority
      425 words
    • Article
      Lock icon India wants to see benefits before fresh WTO talks
      258 9 NEWDELHI Developing states find barriers despite more market access AFP INDIA yesterday said it would not enter into fresh talks with the World Trade Organisation unless developing countries were guaranteed a fair share of the benefits. Commerce Secretary P P Prabhu
      AFP  -  258 words
    • Article
      Lock icon Australia lost 49,800 jobs in Nov
      252 9 SYDNEY Bloomberg AUSTRALIA unexpectedly shed 49,800 jobs last month, the biggest decline in five-and-a-half years, signalling that jobs growth might not be as fast as earlier reports indicated. The decline, the first in six months, drove the jobless rate up to 8 per cent,
      Bloomberg  -  252 words
    • Article
      Lock icon Aborigines still face human rights problems: Howard
      119 9 ■CANBERRA AFP PRIME Minister John Howard admitted yesterday that Australia still had some way to go to resolving problems for Aborigines. "I don't pretend for a moment our human rights record has been without blemish and I don't pretend for a moment that
      AFP  -  119 words
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  • THE WORLD
    • Article
      UK central bank surprises with 0.5 point rate cut to 6.25%
      603 10  -  Drop bigger than expected; downside risks to both activity and inflation have increased, says BOE From Neil Behrmann in London THE Bank of England surprised the markets yesterday with a larger-than-expected half-point cut in UK interest rates to 6.25
      603 words
    • Article
      Lock icon Schroeder wants German EU budget payments cut
      211 10 BONN Reuters CHANCELLOR Gerhard Schroeder demanded a cut yesterday in Germany's payments to Brussels as part of sweeping reforms of the European Union. Mr Schroeder said reforming finances in the 15-nation group and creating jobs would be the top priorities of his six-month
      Reuters  -  211 words
    • Article, Illustration
      Lock icon Pinochet appeals against extradition
      54 10 [SANTIAGO] A Santiago resident drawing a cartoon of former Chilean dictator Augusto Pinochet on Tuesday. Gen Pinochet's lawyers lodged an appeal yesterday against a decision made by British Home Secretary Jack Straw on Wednesday to allow extradition proceedings against him to proceed. Gen Pinochet is under
      AFP  -  54 words
    • Article
      Lock icon Soros warns Great Depression not far off
      297 10 LONDON AFP GEORGE Soros, the billionaire financier, on Wednesday warned the House of Commons that the world economy was "not far away" from conditions which made the 1930s Great Depression. While chances of a global meltdown had receded in recent months, the risk
      AFP  -  297 words
    • Article
      Lock icon Fed says growth slowing, wages subdued
      492 10 WASHINGTON Bloomberg ECONOMIC growth slowed in many parts of the US in November and inflation remained absent as wage pressures lessened, the Federal Reserve said. Export industries shrank, farms were under stress and retail sales were weaker than expected, the Fed said in its
      Bloomberg  -  492 words
    • Article
      It's a politically warm December in Washington
      661 10  -  LETTER FROM WASHINGTON Impftftiihrnant mto nwrf ffftftK By Leon Hadar JUST two weeks before Christmas, Washingtonians have had to adjust what weather experts have described as the warmest December in this century close to 80 degrees Fahrenheit (26.7 degrees Centigrade). They are at
      661 words
    • Article
      Lock icon Russia approves draft budget that hanks on foreign creditors' help
      399 10 MOSCOW nan calls for tighter deficit, works in only half of foreign debt AFP THE Russian government yesterday rubber-stamped a 1999 budget which assumes that foreign creditors will give Moscow a big helping hand to pull its shipwrecked economy off
      AFP  -  399 words
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      172 10 Our next auction promises to be a very festive event. Not only will you see exceptionally fine Persian, ||Ar Pakistani, Turkish, Russian, Afghani a nd Kashmiri rugs handpicked by our resident carpet gurus. We also have a special selection of Dutch colonial furniture with gift giving ideas for all. And
      172 words
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  • FOCUS
    • Article, Illustration
      Lock icon When friends turn into serious rivals
      1241 11  -  Competition between HK and S'pore have taken on a distinctly different tone Reports by'. Loh Hui Yin [HONGKONG] THE usually friendly rivalry between Singapore and Hongkong has taken a sharp edge recently as the two cities strive hard to be the region's pre-em-inent business
      FILE PHOTO  -  1,241 words
    • Article
      No need for 'panic' moves: HK govt
      501 11 Singapore's Sslo.sb cost cats come nnderfire HONGKONG will not resort to "panic reactions" to revive its economy but will instead build on existing strengths and improve its position as "the premier international financial and business centre in Asia", This was the conclusion of
      501 words
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      164 11 i#4"^^MwwM»qa<iwM<MawiiwwwwßßMWßwßi^^^^^^^^WWßßßwwwwii^^BWßßßßßßJ|^HßßMß!Wi^Kßl^^^BßßßßßßßßßHßßi^Ky > fi!^ H*fv E Br it* u| MflM &IHr TP ''^i jLf 'i *fl||p pi 1^ k JHRKmutML fPJi /J/t > BK* ir**E IT 2ii- —-v-* jt. I EjhK'' B CI Ssi* <Xk 8 <> f; B* 11 |Mp" t hb B£ Kj IV.^^HnHP r i ij^^H M A
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Why merger of Exxon, Mobil is bad for us
      822 12  -  THE BOTTOMUME OPINION By Robert Reich The writer, who is professor of social and economic policy at Brandeis University, was US secretary of labourfrom 1993 to 1997 LAT-WP EXXON and Mobil are the largest oil companies in the world Combined, they'd
      LAT-WP  -  822 words
    • Article
      IN OTHER WORDS
      111 12 'A political fanatic is not someone who wants to perfect himself. No, he wants to perfect you. He wants to perfect you personally, to perfect you politically, to perfect you religiously, or racially, or geographically.' David Trimble Northern Irish leader, accepting the Nobel Peace Prize in Oslo.
      111 words
    • Article
      Beijing's move out of business
      599 12 EDITORIAL POUR months after President Jiang Zemin ordered the People's Liberation Army, the police and the judiciary to get out of business enterprises, China's central government now has taken the logical next step. It is telling its government and communist party bureaucracies to cut their
      599 words
    • Article, Illustration
      Lock icon So little that's tangible behind so much stock value
      1319 12  -  But in past economic downturns, markets have not taken kindly to intangibles /ft/. John Plender FT EXXON and Mobil combine to create US$24O billion (***** billion) colossus; Microsoft's US$3OO billion-plus market capitalisation threatened by anti-trust suit. These headline numbers, reflecting the
      FT; FILE PHOTO  -  1,319 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      856 12 Plan to rebuke Clinton A MODERATE Republican congressman has advanced a modest plan which would let Americans and everyone else finally put the tedious Clinton impeachment process behind them. It comes from Amo Houghton of New York, who often looks for the practical solution. He notes
      856 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Life goes to the movies
      682 13  -  Americans are altering their lives to fit film fantasies, bauh blumentbal learns RALPH BLUMENTHAL NYT IN what Neal Gabler smilingly calls his unified field theory of American culture, his new book portrays the US in an age of post-reality, a Republic of Entertainment increasingly devoted
      NYT; FILE PHOTO  -  682 words
    • Article, Illustration
      Lock icon Hope despite the dumbing down of US
      760 14  -  FILM American movies have changed from being an artistic medium to a contest of special effects By] Barbara McCurtain The writer, a programme associate at the Council on Foreign Relations, contributed this comment to the International Herald Tribune. NYT [NEW YORK] In the
      NYT  -  760 words
    • Article
      Lock icon Celebrate Xmas on the Net
      285 14 INTERNET NYT IF your idea of a social evening is to call tech support, you might want to consider celebrating at least part of the holiday season online. Beyond shopping, the Net has: ♦Advent calendars. These countdowns to Christmas, with the little windows that children
      NYT  -  285 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      428 13 Whereto wine, dine and entertain... OfSsfflSr S"r^r^ ir«Ze E IPfl^ m %t m n* tffr December 1998 WChmswas Eve gfi Imennavonal Buffer jSrl Dinnex and Dance D% «4* 1 Grand Ball Room, Level 2 W J. Sir 7pm lam CMM f/Kli, $28.0+++ per person Wl /(VrTj (adult) \«L\ I&oo +++per
      428 words
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      Page 13 Advertisements Column 2
      121 13 V\\GHTBa Every Saturday, IOD noon to 5.00pm OittJe Adult: $20+++ yj Child: $12+ «e»ei*i«« Ititurail Reservations: *****88/58 Ittk floor ManJarin Singi/wrr 333 Orchard Road, Singapore *****7. Tel: *****11 Fax: *****61 httpV/wwvv.mandarin-hotelcom.sg e-mail: mandarin tms#meritus-hatekcom vj*w M*o's New 100 DiyUgs Gourmet Wo*i>gr Prepare yourself for an incredible new lunch time buffet
      121 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      794 13 TV&BADIO 130 PM TV Innovations. 4.00 Kidz Blitz: Sesame Street. HHSTf 0.00 Kidz Blitz X'mas: Jingle B I Bell Rap SJO Kidz Blitz X'mas: Glof- riends Save Christmas. 0.00 Teletubbies. 8.30 Brambly Hedge. .Mr 7.00 Youth Entertainment: jgPH MTV Interactive. r'fwHt 740 Youth Entertainment: The Tourist Trap: The Turkish Night.
      794 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      206 13 CKVFTIC CROSSWORD ACROSS 7 Squad taking regular meals in the dining room (9) Fail to mention holiday solution (6) LJ —hJ—LJ—LmJ 12 Consequently the monster re--13 Escort to the cellar for final confrontation lively socialite (7) Hi cal in nature (8) P j j 26 Wild rice is grown there
      206 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      2731 14 E3AVIMO AVIMO GROUP UMfTED (Incorporated in Singapore) UNAUDITED RESULTS FOR THE YEAR ENDED SEPTEMBER 30,1998 AND DIVIDEND ANNOUNCEMENT The board of directors of Avimo Group Limited announces the following results for the year ended September 30,1998: CHAIRMAN'S STATEMENT Segment Information TMn—t Prom twfaf incoma t»i RESUUS 199g 1997 MM 1997
      2,731 words
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  • COMPANIES & MARKETS
    • Article
      DBS issues 50m Keppel Bank call warrants
      348 15  -  Market players see more covered wrts, especially on bank stocks, to come Reports by r Wong Wei Kong [SINGAPORE] In its second covered warrant issue in five weeks, DBS Bank yesterday announced that it had issued 50 million call warrants on the shares
      348 words
    • Article
      Keppel Bank denies talk of foreign buyer
      343 15 [SINGAPORE] Keppel Bank yesterday denied market rumours that a foreign financial institution may be taking a stake in the bank. "No foreign or local investors are coming in," said the bank spokeswoman. The bank is also not holding talks with foreign or local
      343 words
    • Article, Illustration
      Lock icon Net profit at Avimo jumps 33% to $14.6m
      296 15  -  Optics and systems divisions pat on strong performance By i Carol Eng [SINGAPORE] Mainboardlisted Avimo, which makes optical equipment, yesterday posted a 32.8 per cent rise in net profit to $14.6 million for the year ended September. Ending the year with an
      FILE PHOTO  -  296 words
    • Article, Illustration
      Lock icon Time S'pore investors get a hedge against the Dow
      585 15  -  HOCK LOCK SIEW Catherine Ong IN these days of globalised markets where even the libido of US President Bill Clinton can send the Straits Times Index spiralling downwards, it's timely that Singapore investors are getting a hedge against the vagaries of
      Source: Bloomberg  -  585 words
    • Article, Illustration
      Lock icon CSA tops volume after news of offer; closes flat at $1.02
      427 15  -  By Annette Pau ISINGAPORE] Shares of mainboard-listed CSA Holdings yesterday made the Stock Exchange of Singapore's top volume list, with investors trading some 6.73 million shares for the day. However, the local electronics stock closed unchanged at $1.02 the
      Source: Bloomberg  -  427 words
    • Article
      PCB maker Circuits Plus gets nod for Sesdaq IPO
      137 15 [SINGAPORE] Local printed circuit board manufacturer Circuits Plus (CP) Holdings has received in-principle approval from the Stock Exchange of Singapore to list on Sesdaq. In a statement issued yesterday, Circuits Plus said it obtained approval for the listing on Tuesday. The
      137 words
    • Article
      ASA posts $2.4m loss on low margins, competition
      218 15 [SINGAPORE] Semiconductor equipment maker Advanced Systems Automation (ASA) yesterday announced $2.4 million in net losses in the six months to Sept 30, blaming low margins from new products and competitive pricing in the automatic moulding machines market. ASA's latest interim numbers are
      218 words
    • COMPANIES
      • Article
        Lock icon Analysts downgrade Wheelock's earnings
        328 16 They factor in higher funding costs, lower investment income Reuters [HONGKONG] Disappointing interim results at Wheelock and Co Ltd prompted analysts to downgrade their full-year forecasts yesterday to incorporate higher interest charges and lower investment income. Wheelock reported on Wednesday a 71 per cent drop in
        Reuters  -  328 words
      • Article, Illustration
        Brierley sells 24% stake in Fairfax for A$600m
        563 16  -  Sale firms BIL balance sheets, brings stability to Fairfax holdings Reports by Russell Baker in Sydney BRIERLEY Investments Ltd (BIL) has restored some strength to its balance sheet by selling its 24 per cent stake in Australian newspaper publisher John Fairfax Holdings
        563 words
      • Article
        Lock icon M'sia fund managers see stock index hitting 750 by H1
        464 16 SAP technical analyst also says KLCI still bullish Bernama, Reuters [KUALA LUMPUR] Most fund managers are bullish on the performance of the Kuala Lumpur Stock Exchange and expect the key Composite Index to touch the 750-point level by the first
        Bernama,; Reuters  -  464 words
      • Article
        Renaissance: OCBC appoints receivers
        187 16 OCBC Bank has appointed receivers for Renaissance Australia Pty Ltd, a whollyowned subsidiary of Austra-lian-listed International Equities Corp (lEQ). Renaissance owns the Sebel Hotel in Perth which is the main activity of lEQ whose shares have been suspended from trading. lEQ, controlled by Malaysian and Singaporean
        187 words
      • Article
        Lock icon HK govt to ask Wharf Cable to open up network for a fee
        108 16 Reuters [HONGKONGJ The Hongkong government will ask Wharf Cable, a cable television arm of Wharf (Holdings) Ltd, to open up its network to its competitors for a fee, Hongkong government radio said yesterday. "The government maintains (Wharf
        Reuters  -  108 words
      • COMPANY Briefs
        • Article
          First Engineering's interim gain up 7.7%
          64 16 [SINGAPORE] First Engineering yesterday posted a 7.7 per cent rise in net profit to $1.7 million for the half year ended September. This was despite a 27.4 per cent decline in turnover to $24 million, and was due to improved sales mix and stringent
          64 words
        • Article
          Lock icon Elec & Eltek seeks trading suspension
          66 16 Elec Eltek seeks trading suspension Ratters [SINGAPORE] Elec Eltek International Company yesterday asked for a suspension of trading in its shares on the Stock Exchange of Singapore today. The printed circuit board maker said its parent, Elec Eltek International Holdings, would also be suspending trading on the Stock Exchange of
          Ratters  -  66 words
        • Article
          91.3% of CK Tang's rights issue taken up
          59 16 [SINGAPORE] CK Tang said yesterday that as at the close of its 2-fbr-l rights issue on Dec 7, about 91.3 percent of the shares offered at 21.5 cents each woe taken up. The acceptances and excess applications amounted to about 75 million
          59 words
        • Article
          Lock icon Sale of Sime Merchant Bankers aborted
          54 16 AFX-Asia [KUALA LUMPUR] Sime Darby yesterday said the memorandum of understanding between Sime Bank Bhd and KAF-Seagroatt Campbell to sell a 51 per cent stake in Sime Merchant Bankers Kid has lapsed. As such, die proposed disposal of the stake in Sime Merchant Bankers
          AFX-Asia  -  54 words
        • Article
          Lock icon Westmonr Land in RM118.4m default
          44 16 AFX-Asia [KUALA LUMPUR] Westmont Land (Asia) yesterday said it was in default of credit facilities, including interest payments, amounting to 118.4 million Malaysian ringgit (5551.3 million). However, it added that it was confident of repaying the outstanding facilities. AFX-Asia
          AFX-Asia  -  44 words
    • REGIONAL COMPANIES
      • Article
        C&W, Hutchison cash out of AsiaSat in HK$2.9b deal
        737 17  -  Leading European player SES is new shareholder; Citic raises its stake From Quak Hiang Whai in Hongkong THE controlling shareholders of Asia Satellite Telecommunications (Asia Sat) surprised the market with a HKS2.BB billion (Ss6l2 million) deal which will see Cable Wireless
        737 words
      • Article
        Lock icon Philippine bourse set to launch more products
        281 17 Bridge News (MANILA) Philippine Stock Exchange president Jose Luis Yulo said the stock exchange was set to launch more products next year in anticipation of the start of the market's recovery. "In terms of the momentum and the feeling. I think we are
        Bridge News  -  281 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon CSC-led group wins huge IRS contract
        534 19 It will provide latest computer systems, practices to US tax agency in USsBb deal Reuters [NEW YORK] A consortium led by Computer Sciences Corp, which is making a takeover offer for Singaporelisted CSA Holdings, on Wednesday won a mammoth contract from the US Internal
        Reuters; Source: Bloomberg  -  534 words
      • Article
        Lock icon Ericsson sees profit 15-20% below forecasts
        324 19 Bloomberg [STOCKHOLM] Ericsson AB, the world's No 3 mobile phone maker, said fourthquarter profit will be 15 to 20 per cent below expectations, because of weak demand for its public networks and mobile phones. The stock lost more than a fifth of its value.
        Bloomberg  -  324 words
      • Article, Illustration
        Lock icon Star Wars comes to children's hospital
        76 19 [LOS ANGELES] Actor Mark Hamill (left), who played Luke Sky walker in the 1977 hit film Star Wars, meets 10-year-old Erica Davis at Mattel Children's Hospital at UCLA Medical Center in Los Angeles on Wednesday. Hamill's visit marks the introduction of Nintendo's Star Wars:
        AFP  -  76 words
      • Article
        Lock icon Ciba-Clariant US$7b merger talks collapse
        367 19 Analysts expect each of them now to look for other firms to bny NYT [ZURICH] A month to the day after they announced they would join forces, Ciba Specialty Chemicals AG and Clariant AG, the two Swiss chemical companies, said their merger talks had collapsed.
        NYT  -  367 words
      • Article
        Lock icon Overseas worries take fizz out of Coke
        260 19 NYT [ATLANTA] Shares of CocaCola sagged on Wednesday on concerns that economic turmoil abroad will slow sales growth through the first half of 1999. The stock closed at U5567.12 1/2 on the New York Stock Exchange, down US$l.5O after earlier falling as low
        NYT  -  260 words
      • Article
        Lock icon Shell shifting to US-style CEO in major shake-up
        270 19 Decision-making by committee to be thing of the past FT, Bloomberg, AFX-Asia [LONDON] Royal Dutch/ Shell, the Anglo-Dutch oil group, yesterday moved towards the appointment of a powerful US-style chief executive in the biggest shake-up of senior management in nearly half a
        FT,; Bloomberg,; AFX-Asia  -  270 words
      • Article
        Lock icon CBS unit raises US$2.9b in IPO
        273 19 Bloomberg [NEW YORK] Infinity Broadcasting Corp, a CBS Corp unit and the second largest US radio network, raised US$2.B7 billion (554.7 billion) in the third largest IPO by a US issuer this decade. Infinity sold 140 million shares five million shares more than expected
        Bloomberg  -  273 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Foreign futures exchanges face new hurdles in US
        406 20 Proposed rules may foil bid to put their terminals in member firms based in US Reuters [WASHINGTON] Foreign futuies exchanges seeking to place their trading terminals with their US-based member firms could be saddled eventually with burdensome new rules that US regulators
        Reuters  -  406 words
      • Article
        Lock icon J P Morgan warns of fall in 4th-qtr earnings
        290 20 It takes USsloom charge; cites weak proprietary deals FT [NEW YORK] US bank J P Morgan warned on Wednesday that its fourth-quarter operating earnings would be lower than in the third quarter, despite an improvement in market conditions in the last
        FT  -  290 words
      • Article, Illustration
        Lock icon Citigroup tries to bar staff nabbing
        295 20 Bloomberg [NEW YORK] Citigroup Inc wants its former president James Dimon to sign an agreement barring him from hiring company employees for three years before it will give him options, restricted stock and a bonus worth more than US$3O million (5549.5 million), said a
        Bloomberg; FILE PHOTO  -  295 words
      • Article
        Thailand to liberalise insurance sector
        259 20  -  liy\ Soh Tiang Keng [SINGAPORE] Thailand is pushing ahead with "progres sive liberalisation" of its insurance industry to keep up with global trends. The move is also aimed at meeting guidelines on liberalisation of services laid down by the World Trade Organisation. In an interview
        259 words
      • Article
        Lock icon Nikko picks Citigroup over Tokyo-Mitsubishi for joint venture
        562 20 Investment bank tie-up strains ties with Japanese bank Bloomberg [TOKYO] Nikko Securities Co, Japan's third-largest brokerage, approved a venture with Citigroup, ending its close ties with the nation's powerful Mitsubishi group. Nikko shareholders approved an investment bank ing venture with Citigroup arm
        Bloomberg  -  562 words
      • Article
        Lock icon Group puts commo unit Phibro up for sale
        383 20 Reuters [NEW YORK] Citigroup on Wednesday formally put its commodities trading unit, Phibro Inc, on the auction block, a move that has been expected since late last year. Travelers Group's 1997 acquisition of Phibro's parent Salomon Inc began a series of mergers
        Reuters  -  383 words
      • Article
        Futures dip; rally may have run out of steam
        212 21  -  gram Reports BfiSCZ Singapore Index Bob Butcher, Jardine Fleming THE old traders' adage of buy the rumour and sell the fact was proven true again in the MSCI Singapore Index futures yesterday. The lead month December contract opened at 222.00 above
        212 words
      • Article
        Gloomy economic outlook hits futures
        173 21  -  KSCI Taiwan tatnres Juliana Loo Na Na, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract plummeted 1.4 points amid concerns over slowing economic growth that will push property prices down and bad loans up for the banks and property developers. The stock index
        173 words
      • Article
        Lock icon Oil hits new lows, no floor in sight
        364 21 ENERGY REPORT Reuters [LONDON] Depressed oil prices hit new lows yesterday and were threatening to cave in even further after major producers this week failed to show any appetite for fresh measures to ease the world's towering oil stockpile. London January futures
        Reuters  -  364 words
      • Article
        Lock icon CURRENCY REPORT
        316 21 AFXAsia Bloomberg London THE dollar resumed its drift downwards, having seemingly arrested its fall earlier, as Wall Street traded lower. "There is a bearish sentiment towards the dollar and people are worried that the growth outlook for the US economy next year is not so good," Audry Child-Freeman
        AFX- Asia; Bloomberg  -  316 words
      • Article, Illustration
        Untitled
        1216 21 DTTERBAMR CROSS RATES Dec 10 tf C$ f6 CCO Ffr Pw HK$ IN Vw Won m HHP** Pete S$ %mt Ur iT$ NX P—< US$ Australia 0.955 6.178 0.525 3.456 1.031 4J11 26.444 46.575 0.726 7.494 2.360 U09 ***** 24.117 1023 1704 0.834 20.046 22.W-4 0373 0.621 Canada 1.047 5.399
        1,216 words
      • Article
        Untitled
        1887 21 SICOMFUTURES dJcTO RUBBER (futures chninq as at 5.30pm) RSS1 CONTRACTU cwtsAq) Close Volume Open Month Hiqh Low Sott (tonnes) Interest Jan 99 107.25 150 Frt 99 108.75 108.75 108.25 300 1175 Mar 99 m.00 109.50 110.00 650 1225 Apr/Jun 99 114.50 114.50 114.75 150 2250 Jul/Sep 99 119.25 Oct/Dcc 99
        1,887 words
    • Article, Illustration
      Lock icon HONGKONG
      1395 22 Reuters CI Hang Seng -45.85 STOCKS marked time yesterday to end only slightly lower under the weight of losses in index heavyweight HSBC Holdings The Hang Seng Index eased 45.85 points, or 0.44 per cent, to finish at 10,315.44 after hovering in a tight range of roughly 100 points
      Reuters  -  1,395 words
    • Article, Illustration
      Lock icon CHINA
      552 22 Reuters Shenzhen B Index -020 SHENZHEN'S B shares ended weaker yesterday, as investors kept to the sidelines ahead of year-end holidays, analysts said. The B Share Index trimmed 0.20 of a point to 55.72 on turnover of HK$3.9 million. "Trade is always light around this time of year, but
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  552 words
    • Article
      Lock icon TAIPEI
      382 22 AFP □wp Index -69.34 TAIWAN share prices closed lower for the third consecutive day, moving down one per cent yesterday as investors feared that financial troubles at more companies would emerge after weekend elections, analysts said. The Weighted Price Index fell 69.34 points to 7,048.57. "There is a lack
      AFP  -  382 words
    • Article
      WORLD STOCK MARKETS
      2384 22 LONDON Industrials Dec 10 Pmti 31 Group .71 I I~ 572.400 12.400 AB Ports 301.000 1.000 Abbey National 1188.000 2.940 AHied Domecq 561.000 16.000 Allied Zurich 851.000 16.000 Amu 175.400 1.000 Asda Group 146.200 -3.000 BAT Ind 529.400 -15.600 BG PIC 385.200 -1.400 BICC 63.400 3.400 BOC
      2,384 words
    • Article
      Lock icon TOKYO
      1592 22 Bloomberg Q Nikkei 225 -1241 JAPANESE stocks slipped after three days of gains as a sell-off in futures contracts before the bell pulled down the benchmark. Trading is often volatile before the quarterly "special quotation," or SQ, as investors seek to maximise profit or pare losses. Yesterday was the
      Bloomberg  -  1,592 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares edge up in volatile trading
        369 23 AFP H Composite Index +3.40 SHARE prices closed 0.7 per cent higher yesterday in volatile trade, with follow-through buying absorbing mild profit-taking, dealers said. The Composite Index rose 3.40 points to finish at 525.58. The Second Board Index fell 4.50 points to 177.96. An
        AFP  -  369 words
      • Article
        Untitled
        8875 23 MWSTRULS CMMMf prMhKtS NH Lut Vei Oay Nat Ca» Hmi L— Ceakpawy *000 Ml# Lew M <1 320 170 Ajinomoto 306 -2 2 306 290 (69 124.0 148 35 Angkaia 98 -5 166 106 98 144.5 310 123 Apollo F ood Hlg 279 -1 9 280 279 9.7 ni.6 388
        8,875 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2598 24 BONDS, LOANS ft WARRANTS wi 1998 Lait val Day Last OuoU Avq MMjh Low Stno Company Sat* 'or fOOOt Htfll La* Buyar Sallar Prlca 20.5 3 3160 *Acar ******1USS VI ♦IS 822 14.5 12.5 14 14.5 95 4.5 3164 Acma ******4 18 5 *2.5 4412 22 16.5 18.5 19 17
        2,598 words
      • Article
        Remember, it's the shares that count
        211 24  -  WARRANT WATCH r v Jty R Sivanithy CLEARLY, what's happening in the warrants segment now is that retail investors are ploughing into the last segment of the market that's still cheap in absolute terms in an effort to quickly make up for lost opportunities
        211 words
      • Article
        CLOB INTERNATIONAL
        223 24 HONGKONG STOCKS Cr Or 1998 Last Vol Day Last Oust* Mv Dtv YM Nat M Caa High Low Stno Company Sal* COOO) Hlfh Lao Buyor SMtf C'vr P/l SmM 400 250 5123 COL (2000) HK 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK 720 265.0
        223 words
      • Article
        Lock icon MANILA
        293 24 AFP CJ Manila +SlB9 PHILIPPINE share prices closed 3 per cent up yesterday on a technical rebound, analysts said. The Composite Index jumped 52.89 points to close at 1,822.23. Volume reached 4.5 billion shares worth 574 million pesos. Philippine Long Distance Telephone Co fell five pesos to 990. —AFP
        AFP  -  293 words
      • Article, Illustration
        Lock icon JAKARTA
        758 24 AFP P*l Composite Index +4.89 INDONESIAN share prices closed yesterday with the index up 1.2 per cent on gains in select big caps, dealers said. "I am quite surprised that there seems to be no more downside in this market even when we get bad news," a local dealer
        AFP  -  758 words
      • Article
        Lock icon SEOUL
        442 24 AFP Q Composite Index +4L09 STOCKS skyrocketed almost 8 per cent yesterday as retail investors were propelled into the market by tumbling interest rates and easing liquidity, dealers said. The main index shot up 7.8 per cent, recording its biggest single daily points gain, with turnover also leaping to
        AFP  -  442 words
      • Article
        Lock icon SYDNEY
        609 24 AFP Q All Ordinaries +1&2 SHARE prices closed up 0.5 per cent yesterday on gains by select blue chip stocks with the rest of the market relatively flat, dealers said. The All Ordinaries Index closed up 13.2 points at 2,763.2. The All Industrials Index closed up 35.4 points at
        AFP  -  609 words
      • Article
        Lock icon WELLINGTON
        259 24 AFP Q Wellington +20.06 MOST of New Zealand's leading shares made good gains yesterday as stocks went up one per cent. On turnover valued at NZ$92 million the NZSE-40 Index was up 20.06 points to 1,939.01 with Telecom Corp up six cents to NZ$7.BB. o« *> *n (ooo) ANZ
        AFP  -  259 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6650 25 Or Or M Wt '998 Last Vol Day Last Ouat# ON OW VM H* Cf An High Low MW> Coiwpoity 8f rOOO) HlgH Low Buyer Seller C*r P/I JmJI Price MULTWNOUSTRY 142 49.5 m t 1000 Acma 50t. 75 *1 1619 78 74 74.5
      6,650 words
    • Article
      SESDAQ
      1204 25 Cr Or M Wt L**t v«l Day Last Ouvta Oiv Dfcr Yld Nat Cap Ava MH» L— MMa Ci—aay tla COOOt Hm> La» Imr *—ar Cw Wt $H Wet MANUFACTURE 243 30 a 2049 'ASAiAaKk US *3 2809 120 113 114 115 15.0N 7.0 13 10.8 1313 117 82
      1,204 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        415 26 Stocks Votaw* Keppel LandWOO 24,137.000 Van d«r Horst 22,877,000 SembCorpI 25c 19,777,000 Keppel Bank 16,618,000 Keppel LandSOc 14,507,000 Brilliant 8c 14,413,000 DBS Land 12,144,000 ST Capital 25c 11,505,000 Win) Tai 25c 10,964,000 SingTel 15c 10,605,000 Stocks I Keppel Bank 50,955,968 S PH 43,009.895 SembCorpI 25c 38,896,410 DBS Foreign 34,968.943 OCBC
        415 words
      • Article, Illustration
        DBS rate cut boosts bullish mood; penny wrts in vogue
        684 26  -  STOCK MARKET COMMENTARY Interest in warrants seen as a last resort by late comers to join the rally; subdued activity in Keppel counters By R Sivanithy ISINGAPOREI DBS Bank's latest interest rate cut injected more life into an already-bullish local
        684 words
      • ON THE GRAPEVINE
        • Article
          Better times for Korea
          108 26 THE Korean stock market's main index of share prices jumped 41 points, or just under 8 per cent, yesterday. That brought the'gains in Korean share prices over the past three months or so to around 90 per cent. The Korean currency has appreciated from close to
          108 words
        • Article
          What it takes to stop Y2K bug
          149 26 US telecommunications company Bell South has given an insight into what it takes to tackle the challenge of the Y2K bug (the problem that computers are going to have digesting the '00' that clicks into their date fields at midnight on Dec 31,1999).
          149 words
        • Article
          Two-in-one convenience
          84 26 IT'S confirmed. A new trend has taken root in Singapore. The Singapore Broadcasting Authority is the latest to tie up with the Inland Revenue Authority of Singapore to collect your TV licence payment together with your property tax. Earlier, the Land Transport Authority came up with a scheme
          84 words
        • Article
          Rumblings of disconteut
          134 26 THE company that gave us baked beans and agitated generations of delicate eaters ever after, has now got the wind up another unhappy group. News agency Bloomberg reported this week that H J Heinz Co excluded the news media and the public from a telephone conference call
          134 words
      • Article, Illustration
        HOT STOCK
        75 26  -  by Shiv Taneja DBS Land closed unchanged yesterday at $2.35 on a volume of 12.14 million shares, compared with its 10-day traded average of 7.9 million shares. In the near term, the counter is expected to come under some selling pressure, but this could be a buying opportunity
        75 words
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      Page 15 Advertisements Column 1
      203 15 CSC-led group wins huge IRS contract, Pg 19 iRf A9I PUSHING THE ARTFORM Pi JM WjSSk B For over 50 years, American Ballet Theatre HB§ as international audiences with the K r most innovative choreographers, designers and dancers known in the worid of ballet Movado is proud of its decade-long
      203 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1417 16 Merrill Lynch MERRILL LYNCH (SINGAPORE) PTE. LTD. CSC COMPUTER SCIENCES INTERNATIONAL INC. (Incorporated in the United States of America) CONDITIONAL CASH OFFER FOR CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) Introduction Merrill Lynch (Singapore) Re. Ltd. Huiemß Lynch') wishes to announce, for and on behalf of CSC Computer
      1,417 words
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      Page 17 Advertisements Column 1
      380 17 I It's not I I all bad news I in Asia. I B I I NO.I Singapore Research and Sales 1998 I l [MBEGSinjIIiy No. 1 Singapore Broker 1998 Bf ■H H I l!^?r kMul No.l Singapore Research 1998 I REUTERS No.l Asia Research Product and Service 1998 B H
      380 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      4284 18 Vfl —i BUSINESSXotices To advertise call toll-free 1800-741 1883 a ••••■■■•••■■■■■•a •Mm* >**#### MM*. tiiii ■•■v aaa iaaa aaa aaa aaa aaa aaa aaa ■■a. iaaa aaa* aaaa aaaa* jaaaa aaaaa* ■■•■aaaaaaaaaaaaa SUNRIGHT NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of SUNRIGHT LIMITED will be held at
      4,284 words
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      Page 18 Advertisements Column 2
      572 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCHRODER SECURITIES (SINGAPORE) 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 65 Chulia Street •47-01 OCBC Centre. Singapore
      572 words
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      384 19 7 7ea e awards on JALSELECT Travel <*° Because at JALSELECT, we dont believe in just bringing you to Japan, we also make sure you get settled in comfortably at specially-selected deluxe hotels hi our Travellers' Choice packages. So for your next trip to Japan, fly with JAL and enjoy
      384 words
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      108 20 ON SALE AT NEWSSTANDS NOW ME INI" S 11 ,t > t t\ i >4. o 0 in.i "i creative people IflHp W NOKIA MOBILE FRANK NUOVO N-DRO MENSWEAR K SHYARD WONG RICHARD TSEN W BELL ROSS WATCHES CARLOS ROSILLO T ECO-ID ARCHITECTS CAQUIOM SIM BOON YANG CALVIN rAorilUN VISCONTI
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      125 20 »i l' bF t^^ "^M t sf&y' PJWJWSKI^o FREEHOLD LAND 15 minutes to all amenities, Sheath ©J oAfo schools, universities shopping. Onlv about 30 _^____^_JL___m| minutes to Brisbane City and the Gold Coast. fIHH|V |Q33S^^Q»S!QXI23S^^^^BI^m2S£mQ The last few lots of PARADISE left at on omazina "T VENUE Singapore Marriott Hotel,
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      38 24 ♦The Bangkok market was closed yesterday for a holiday It's easy. I'll just find it in The Straits Times Classified. Dad does it all the time. He spends more time with QATC the computer than with me now.
      38 words
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      1954 26 BUSINESS Not To advertise call toll-free 1800-741 1883 THE COMPANY ACT. CAP. 50 WESTERN PACIFIC PTE LTD (In Liquidation) At a general meeting of WESTERN PACIFIC PTE LTD duly convened and held on the 11 th day of December, 1998 the following special resolution was passed: SPECIAL RESOLUTION That the
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      193 26 Hp m E spmmbhhhi Let The Straits Times Weekly Edition provide Posted weekly to your home, The Straits Times you a crisp summary of every week's major Weekly Edition makes sure that you do not lose news breaks reported in The Straits Times about track of Singapore News while abroad.
      193 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      316 27 Bridge News, Reuters TANKERS: THERE was still little activity to surface on the tanker market, with brokers describing it as another "pretty boring" day. A couple of new cargoes were quoted from the Persian Gulf but concluded business was scarce. There were several reports of million-barrel loaders fixed
      Bridge News,; Reuters  -  316 words
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      MARITIME STOCKS
      298 27 SES '000 BecW St CWT Distribution L 0.49 *0.005 59 Chuan Hup 0.515 *0.01 100 Cosco investment 0.52 *0.03 3 Freight Links 0.195 *0.005 ISM SS Holdings 0.39 *0.01 46 Hal Sun Hup 0.425 -0.005 120« Hitachi Zosan 0.725 *0.02 Ml IMC Holdings HK 5.60 Jaya HoMlngs 0.515
      298 words
    • Article
      Charterers asking for cover for Y2K incidents
      388 27  -  But London Club warns owners against giving guarantees From David Hughes in London SOME oil companies are demanding that owners of tankers give them full indemnities for Millennium Bugrelated incidents, according to mutual liability insurer The London Club. The protection and indemnity (P&I)
      388 words
    • Article
      Mobil offers cash-back guarantee on fuel oil
      139 27 [SINGAPORE] Mobil International Marine Fuels is offering a cash-back guarantee on its claim of low water content in its fuel oil in Singapore. "Mobil guarantees a maximum water content of 0.5 per cent in its marine fuel oil supplied in Singapore. Anything more
      139 words
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      Lock icon China's maritime accidents down
      177 27 [BEIJING] China had over 800 accidents involving ships and boats between November last year and October this year, a decrease of 19 per cent on a yearly basis, according to a recent national meeting on water transport. Of this total, more than 230 were major accidents,
      FILE PHOTO  -  177 words
    • Article
      Owners, operators of Polish ship rapped for poor maintenance
      645 27  -  ADMIRALTY CASEBOOK By I Selva Kumar THE owners and operators of a Polish vessel have owners and operators of a Polish vessel have come under fire for poor maintenance, sub-standard record keeping and unacceptable surveys following an investigation after the collapse
      645 words
    • Article, Illustration
      KL urged to consult industry players on set-up of national feeder firm
      459 27 [KUALA LUMPUR] Malaysian shipowners yesterday urged the government to consider the views of industry players in the establishment of the National Feeder Company and Centralised Shipping Agency. "We are sure that shipping associations will welcome the opportunity to
      459 words
    • Article
      Vanuatu Registries acts against seafarer with fake officer licence
      234 27  -  Byft Marcus Hand [SINGAPORE] Vanuatu Registries said that criminals targeting the shipping industry by trying to pass off fake officer licences have struck again. The registry has taken prompt action against a fake licence holder who now faces a fine of
      234 words
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      Lock icon Founder won't yield to pilots
      1157 28 FEDERAL EXPRESS Fred Smith resists union threats, relying on Fed Ex's team spirit as a key advantage over unionised competitors Bloomberg IN 1989, Federal Express founder Fred Smith was so anxious to expand his package-delivery business that he was willing to buy a Trojan Horse.
      Bloomberg; FILE PHOTO  -  1,157 words
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      SHIPPING SCHEDULES INDEX
      364 28 PAGE FoongSun 8 AML 3 Frota 12 Accord 8 Frt Links V4 Ahrenkiel 12 L nk Appenship 5 Gemartrans 8 Austral 8 Genshgp 12 Avant 14 Gk)rv N,v 14 B'tanq Mas 8 HaiSunHup 8 BSA 7 Han li 7 BTL 14 H n in BalaiiShpo 4 7
      364 words
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      SHIPPING GUIDE
      16797 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vhm) Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SJM Dest'n None Heme Number Number SIN Dest'n Name Name Number Number 26/12 06/01 NYK KASUGAI SS 45 *****23 To ABIDJAN (ABJ) 2003 Cote D'lvolre To BUENAVENTURA (BUN) 2059 Colombia 8/12 18/01 MOL
      16,797 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        796 41 Vessel Voy No Berth Arrival Departure Andnung 218 J12 alongside 10.12/M30 8t Citradaya *****6 J01 alongside 10.12/2000 tt Mjano S DECK) J01 alongside K) 12/2359 tt Mm 5t6 S7 *****8 J01 alongside 10.12/1600 tt Mustilu *****6 J01 alongside 11.12/0600 tt Pvtra M D€C10 J01 alongside 10.12/1400 tt Salria
        796 words
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        CONTAINER SCHEDULES
        1862 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/BaUnc* Rstls Ship Voy No Etb/Btr Period From To From Ac i OiMtJ 00M U/1500 U *0/1500 10/1659 n/1900 N 10/1500 10/1659 10/1900 u io/i7oo n/0659 n/0900 20 n/1700 n/0659 n/0900 1 n/oroo n/im n/Moo 4 n/1200 I1/M59 11/1700 M
        1,862 words
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        GLOBAL HOLIDAYS
        217 41 DM 12 Mexico: Virgin of Guadalupe (optional). DM 23 Japan: Emperor's Birthday New Year Holiday. DM 24 Finland: Christmas Eve. DM 25 Nether land: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. Denmark:
        217 words
      • Article
        COCKETT BUNKER MARKET REPORT
        940 41 THIS report compiled by Cockett Marine Oil Ltd, show* price ranges In US dollars Instead of tingle prices for a more comprehensive description of the market. Prices shown are based oil average-sized stem Market movements are Indicated. The Cockett Bunker Price index change and the Individual
        940 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        498 41 Carbon 180 Mu 990.2 3.9 17.4 0.15 78 0.07 Dm) Water Raildua A»fc Aluminium Sadlmaflt No abOM E25 0 1110 0 %M/M 380 AM 987.9 0.3 15.3 0.07 31 0.02 U.w 380 Mu 995.2 0.8 19.6 0.11 61 0.06 W/T) v/v n/u MI mt mt»M up
        498 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon BA, Japan Airlines in talks to form closer ties
        336 42 Deal delayed dne to potential conflicts with the carriers' other alliances Bloomberg [TOKYO] British Airways pic, Europe's biggest airline, and Japan Airlines Co, Asia's No 1 carrier, are in talks to form a stronger alliance some time after summer 1999. BA
        Bloomberg  -  336 words
      • Article, Illustration
        Lock icon Finnair joins oneworld
        45 42 [VANTAA, Finland] Finnair's chief executive officer Keijo Suila (left), British Airways chief executive Bob Ay ling (centre) and Finnair chief executive Antti Potila at a news conference on Wednesday where it was announced that Finnair will join the global alliance oneworld. REUTERS
        REUTERS  -  45 words
      • Article
        Lock icon HK airport slashes rents for retailers
        260 42 AFP [HONGKONG] Retailers at Hongkong's new international a import have been offered a 30 per cent rent reduction to help them through the regional economic downturn, the Airport Authority said yesterday. The two-year fee cut would reportedly cost the authority HK$2.O billion (*****,6 million)
        AFP  -  260 words
      • Article
        Lock icon FAA orders checks on MD-11 wiring
        218 42 Bloomberg [WASHINGTON] The Federal Aviation Administration (FAA) ordered US airlines to inspect wiring near the doors of Boeing MD-11 planes after discovering those wires were damaged on a Swissair MD-11 that crashed, killing 229 passengers. The FAA is requiring that the firing above the
        Bloomberg  -  218 words
      • Article, Illustration
        Lock icon Preparing for the real thing
        58 42 [TAO YU AN] A fire fighter wearing fire-proof suit carries a fake body out of an airplane at the Taoyuan Chiang Kai-shek International airport during a fire drill. About 700 fire fighters took part in the drill, assuming a scenario of a real airplane emergency
        AFP  -  58 words
      • Article
        Lock icon TWA chief urges US to deny air alliances antitrust immunity
        251 42 Bloomberg [WASHINGTON] Trans World Airlines chief executive Gerald Gitner called on the US government to abandon the practice of granting antitrust immunity to alliances between the US airlines and foreign carriers. Mr Gitner's plea comes as the St Louis-based TWA,
        Bloomberg  -  251 words
      • Article
        Lock icon Boeing wins US$335m order from Cargolux
        135 42 Bloomberg [SEATTLE] Boeing Co, the world's biggest planemaker, won an order valued at US$335 million (*****.75 million) for two 747-400 freighters from Cargolux Airlines. Boeing will deliver the first 747-400, its biggest and most profitable aircraft, in late 1999 and the second in mid-2002.
        Bloomberg  -  135 words
      • Article, Illustration
        Lock icon Aviation giants seek Asian partners
        528 42 INDIAN AIBSHOW Many opportunities emerging in Asia's technology-starved aerospace sectors AFP [BANGALORE, India] Aviation giants yesterday stepped up a search for partnerships in Asia to pull the global industry out of a recession, officials said at India's largest air show here. Officials attending Aero India
        AFP  -  528 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1907 42 cut fiibct tu fucht ere $***** i6so N***** 2359 AMaMt AN8230 1920 S***** 2359 IH6381 1920 fukuok* S09OT 1715 S0990 0130 5000 WM 1 CMnfztMM PK S0803 1915 C2354 0910 Amsterdam N***** 0800 KL844 0105 C2351 2035 S0804 1015 5HS IU I V" 741 1310 v
        1,907 words
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      21 27 FedEx founder will not yield to pilots Fred Smith resists union threats, relying on Fed Ex's team spirit instead. Page 2
      21 words
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      Page 27 Advertisements Column 2
      57 27 BA, JAL in talks to form closer ties Deal delayed due to potential conflicts with the carriers' other alliances. Back Page I Cairo or Congo. Sailing schedules to The African Continent. 2 4 hours a day in the Shipping Clll ide Fax-On-Demand hotline 740 6000. Another innovative service ottered hv
      57 words
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      1198 28 j NORTH AMERICA I I EXPORT I 1 OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE W VOT ["aw"| [TO9N LSt Ml HOU |OK| NY MHCOOTY VKSB VOT Ml H-PUtTm KAJUTU PTUUMA J—| JjJU—i MW CTIB ooqchma Sls» 5*7)2 m/ii ~557i2
      1,198 words
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      Page 28 Advertisements Column 2
      519 28 1 NEW SERVICE [1 to Maldives M Mazaki Shipping Page 12 EXPORT 3 x Japan •2 x Hongkong -1 x Manila -1 x Kooshiung, Kooiung (Accepting FCI to BKK/NAHA/SENDAI/&BU/LCH) VW. VW mm JKt 1 illiMMl dU gga W Wit HBHW W ta up qui n.n on? irjj i4.ii 1111 ii.u
      519 words
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      Page 28 Advertisements Column 3
      148 28 Lines servces represented /<KA'\ JHM rr Members or the 1- EO9 efn Re 9 lStr V f*i Singapore Freight Forwarders v Accredited Shipping Agents. Association V"' y Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMMER/FMMANIIE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 20/12/98 BOOKINGS
      148 words
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      994 29 TO EUROPE FROM EUROPE Ivcsa VOT S« m> AN* HAM MV SOU FIT L» VtSSfl VOTtni/WIHMIWVMMBTIBI Ml RMNE S24W 11/11 17/11 29/H 01/01 02/01 NOIAMI OOOE 10/11 21/11 24/11 10/11 12/12 DANUOE S42W 17/11 09/01 04/01 07/01 04/01 NOICOtAI 0041 22/11 24/11 27/11 20/11 14/12 WXPfAU 004W 17/12 OMT OMIT
      994 words
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      Page 29 Advertisements Column 2
      1842 29 HANJIN SHIPPING HANJIN SHIPPING (S) m LTD tap. Imm am KKXIW *****3S 737 SAUS J7W774 2» DOCUWNT 37*0771 774 OKUTIOK 37*0741 757 MM M *****55 (U 777*40 aNO 11 S34f3OOOQM TO NW USA A CANADA USA CANADA* mVSI/VOY I M« I SM UMHAIA/VOY StA TM K* POX OR MSP HT
      1,842 words
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      378 29 rrrTTrrn l KUTr PDOVIDES rasa m wt sw «t a w w IVWIIV rflUf 11/ CO iiitchisar nts ii/i? 11/12 a/11 22/12 21/12 REGULAR BREAKBULK ngcjgugt ws 21/12 n/i? »i» n/i; 27/11 n/i? 31/1? oi/bi HTwmtfwia ?vu oi/bi oyoi os/oi 04/01 SERVICE TO RED SEA OlKWMgatt IDS 77/17 B/12 HIM
      378 words
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      1428 30 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITCRIIANEANCANADA WK VOT SW LEH BTM *IW HAM IBV FU VESSEL VOY SM OH SPE FOS WX TRMX ETERMTY WQBS3 11.12 03 01 Usl 0101 IB *1 03 12 PAOfIC SfNATO* WMK] III! 77 12 2112 *112 (2 *1 MOl tUMJM PORTLAM WNMI IS 12
      1,428 words
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      Page 30 Advertisements Column 2
      922 30 AM MAC-NELS SPOKE M'SIA P. GUDANO: (07) *****28 I l-lvyV- J can NOi irnSTMOOM S»U: (084) *****9 MAMLA: (832) *****24 PENANG: (04) *****38 BANGKOK: (882) *****87 SURABAYA: (31) *****0 P. KELAMG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUONNQ (082) *****1-3 MEW YORK PINAN6/PORT KLANG MV "CAPE MAY" V.66EX49
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      Page 30 Advertisements Column 3
      612 30 1 JESSiLTON LINE MUARA LABUAN YBsa vor m> m vtssa *ot no n* SPOKOMAftA sraa 1M sium Hon vs*/oo 17/11 21/12 stiajts hope v*/w 17/12 a/it OUUUU MN-12 V2ll/00 a/12 24/12 OUUUU JNO-12 V2II/N 22/12 27/12 slum MOfi vm/oo a/1211/12 snum hope vm/n a/12 01/01 (MUM MB-3? VOII/W 02/01 OS/01
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      1310 31 IveSSEt VOV I SIN SIP PKQ PEN PQB PUB SHJ IBA 1 BIK 1 IRAN VAHOAT PJLI32S 08/12 03/12 18/12 17/12 IS/12 21/12 TBN 12/12 22/12 21/12 23/12 28/12 IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 08/01 IRAN BABAEI PJLI32O 01/01 11/01 10/01 12/01 14/01 PQB= Mini Oaboos. DUB Dubai.
      1,310 words
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      Page 31 Advertisements Column 2
      2067 31 W««kly to lurop# Main Portsl Kvtry Monday and Saturday I Diract to Braaianhavaa la 20 days J I" SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD #17-MD«S ILDG SAIES/MGS *****57/60 INWARD DEPT (D/oj *****85 COSTAR AGENCIES (M) SDN
      2,067 words
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      Page 31 Advertisements Column 3
      711 31 'tin EASTERN CAR UNER, LTD. f_fcj KL (SINGAPORE) PTI LTD j SPECIALIZE IN ROUP HEAVY LIFT UPTO 450 TONS] EG. (SINGAPORE) PIE LTD LOAD NG FOR PORT KLANG/COLOMBO/ PORT KLANG/PENANG LAEM CHABANG/NAGOYA MV "OCEAN BLUE" V.64 lKn v w ETA SIN 12/12/98 ETA PKL 14/12/98 ETA OB 17/12/98 ETA StN
      711 words
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      1466 32 EUROPE/UKySCANDINAVIA/FINLAWD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DYNAMIC RW-002 13/12 02/01 02/111 03/01 04/01 01/01 06/01 E. REWARD RE-031 19/11 21/11 20/11 23/11 24/11 17/12 11/12 E DEVOTE RW 004 19/12 08/01 13/01 09A»1 11/01 12/01 13/01 E REFINE RE 018
      1,466 words
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      1063 32 agggPff PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********06 [yissii VOT m Isw I ft! stp h w> <u* wt mlii I ■UNGA TIIATAI3 4/J IJ/1J IJ/1J 77/1J J4/1J 31/12 */l 7/1 ooamun ow 13/11 u/n ?i/i? Wit 30 r?
      1,063 words
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      Page 32 Advertisements Column 3
      634 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN ~PUI DO* JNI CPT KM NAMUDHAGQH VOIOS 11/1? M/ 1? 01/01 05/01 04/01 nanuihhnq vrcts n/n 10/01 13/01 m/oi WAWUIVEWUS V.031S 03/01 12/01 lt/01 19/01 20/01 23/01 GOIDBIDKAGOW VOO9S 11/01 20/01 24/01 27/01 28/01 NAHTAIPKIWCESS VO26S 17/01 01/02
      634 words
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      481 33 I BSA ii.l mm MYANMA pBBk FIVE STAR UNE (Myaimar National Line) v Loading for Yangon (Rangoon) VtSSEI VOY SM PKL PEN PGU smwr 83W SIO DAWEI 2W 20/11 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUt- IB (03)*****00 PKL: TU (03) *****01 PE* TU (04)2****** PGU: TU (07) *****21/4 BANK LINE
      481 words
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      1676 33 HMAT-" HYUNDAI MERCHANT MARINE CO., LTD. Vtssa VOT |51 SOU Ita I ITM AWT I WMI WVTiri [VKB~ VOT SOU UN RTM ANT HAM MV W|sW| RHM S24W 11/12 02/01 30/12 27/12 29/12 NOIAGAJE 00* 18/11 25/11 21/11 24/11 12/12 DANUM 542W 17/12 04/01 01/01 06/01 07/01 NOICORAL 0041 21/11
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      Page 33 Advertisements Column 3
      975 33 1 norwagion spedabed oukxammn ©a@@e Wilhelmsen Lines TO NORTH AND lATIN AMERICA *RORO HtAVTUFT SIRVKT [VESSEL VOY RAMP HEIGHT SIN I LAX I C*L MIA SAV BAL Off NYC WW MOO TOURCOMG F824 WO Urns 6.3 M 1W 09/01 ***** JT76T 23/01 WOT 2670T 27/01 OT7!T~ 05/02 TAPKKA F9Ol 400
      975 words
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      908 34 BANGKOK/MAP TA PHUT/UiM CHAMMOI J A K AWT A/PAN JAMO VESSEL VOY SIN BKK MTP LCH VESSEL VOY I SIN JKT PJN MATHUBHUM 393N 12/12 18/12 15/12 ANRO JAYAKARTA' 085 12/12 15/12 ACX JAOC 35W 13/12 18/12 17/12 DCJA BHUM 777S 12/12 18/12 VANTRABHUM" 270N 13/12 18/12 17/12 VIRA BHUM
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      545 34 u i L NE Wt VOT I S WHH I < D>» IPX WWW MtTWHf Wga 31/11 tl/W 14/42 O*UT tf/M TO AUSTRALIA FULL CONTAINER SERVICE va Iwtlwc mTI m I ihi 1 std I wa 1h» 1 mi 1 w «wi¥off o»s 10/ ii 11/ J ?3/n M/n a/n
      545 words
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      Page 34 Advertisements Column 3
      1030 34 VESSELS V "ST" PKL MLA LEH HTM HAM ZEE SOT VILE 06 TANYA T2BW 15/12 18/12 28/12 DW 06AM 06*01 08/P1 OftPl VMJ-E DE TAURUS A2BW 23/12 24/12 06/01 12/01 13*01 14/01 1&*01 17/01 VBJ-E D*AQUARIUS U29W 28/12 3QTI2 11/Qi lfl/Q1 19X01 20*01 22AM 23/01 VB-LE 06 ANTARES L2BW 06*01
      1,030 words
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      Page 34 Advertisements Column 4
      18 34 CONVENTIONAL/BREAKBULK SERVICE LOADINO FOR COLOMBO/CALCUTTA 15.13.M LOADINO MM DUBAI/AMI DHABI/DMM 1 9.1 2.98 LOADINO FOR MAMAS/OMNNAi/CMITTAOONO 1111 M
      18 words
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      49 35 I VaTal Dial 740-6000 Oil GGVTISnG (Retrieve more schedules!) Press "1" JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another Innovative service offered by CTCft document Will be SHIPPING TIMES !3KI«SS2aS!C.
      49 words
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      145 37 f A mmammim 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: ADVERTISERrPRODUCTS/SERVICES Saw an advertisement in Shipping Times of a
      145 words
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      1024 38 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO **********0 D TEL; *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Colia/Jessica/Mei Chan/Joslynn/Dora/Hanim 7 SLGS/WEEK \gSSSSSSSM 2 SLG/WEEK |VESSEL TVOY \~~sm |~JAK |VESSEL |VOY |Sttl [PLB
      1,024 words
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      Page 38 Advertisements Column 2
      711 38 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING ROTH SOC AND COC CONTAINER Ivksel voyage eta Singapore eta coiomoo iu Karachi swm 003HW oi/iz/w ii/ivw it/ii/n SHAMMAcAI 004HW W/IZ/W 7S/12/W 30/1 ?/W SWAT 004HW J7/l?/n 01/01/* M/DI/W SHAUMU OOSHW IQ/DI/W IS/01/W WOI/W SWM 005HW 17/DI/W ??/01/W 77/01/W ALSO
      711 words
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      Page 38 Advertisements Column 3
      428 38 SIN FAR EAST 13/12 KEELUNG/KAOHSIUNG 13/12 BANGKOK 13/12 MANILA/CEBU 13/12 JAKARTA/BELAWAN/SURABAYA 13/12 PORT KELANG/PENANG/E MALAYSIA 13/12 BUSAN 13/12 TOKYO/YOKO/KOBE/NGO/OSA 13/12 HONG KONG SIN CHINA 13/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG Tl ANJIN/QING 0 AO/H Al KOU SIN EUROPE/UK 13/12 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 16/12 LOS
      428 words
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      Page 38 Advertisements Column 4
      593 38 rrrm Singapore Soviet Shipping CPL CI N* lOOSOMOOOON kVVI MuttiTme Stripping PL V33J (WMyOMdS^fary) CI M* **********0( VESSEL VOY SIN BOM PNG PKL KOTA RATU RTUO2O 18/12 23/12 04/01 BUXMOON 122N 24/12 01/01 12/01 KOTA RUKUN RKNO23 30/12 07/01 18/01 IVESSCL VOY m CALCUTTA SIN HARIBHUM OSSV 16-17/12 23/12 03/01
      593 words
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      893 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I rno 1 sin I JKT 1 sm 1 PPG I tw <JM I K>l I mu. I im 1 o«> sav I »«w I »m hou 1 MMjMMttLflHi 10/11 )7/n 20/12 21/12 24/1? Jim 04/01 00/oi o*/0i w/w 10/w u/02 17/w
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      1543 39 |vtssa/voyage iW Ml HW ZZLL ifli Ivcssa/voTAoi sou rtm ham im sfon m* wkktta vrrrtm mnm NTISMtfi 05WM9 10.17 2112 2112 2*1207.01 a«_ JIB-SBB ISL_ i m. lTff lV»n.» NTK AMIAMS OOWMSO 17.12 0101 04.01 OSjOI OMI KYK ANOtOMEDA 06EA44 IS.II 17.11 19.11 22.11 0112 14.12 1112 17.12 1112 |nt»anpoomiba
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      950 40 I VESSEL VOY SIN MAA SIN I TIGER SEA 665N 12 12/12 16-20/12 24-25/12 I TIGER BAY 666N 14-15/12 20-24/12 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 TIGER BAY 670N 28-29/12 02 06/01
      950 words
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      786 40 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesinGsingnet.com.sg DIRECT CONSOLIDATION SERVICES NEW DELHI COCHIN ABU DHABI MERSIN ISTANBUL IZMIR XINGANG Overseas Offices Hongkong *****113 flmseasiaonline.net Port Kelang *****40 flmi9tm.net.my Bangkok *****42 kunthida6fleth.co.th Surabaya *****00 fle-sub6sby.meaa.net.id Jakarta *****48 flei6B9l#rad.net.id Penang *****90 flepsbOpo.jaring.my Hy7 avant shipping lines INDONESIA VESSEL
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      1276 40 IQOCL (Sinoopore) Pte Lid CFS Keooel 79 Asm Rm4 #21-04 (S) *****6 8*513 #01-121 1., -kCI MO **********0H Uk 272 7827 nr—Km§ Wi M *****13 Fu 221 3942 fac 272 7025 /ZSftJ k/1 g B Orient Overseos Container line (slßlj X (Malaysia) Sdn Bhd *«8 Na *****2-U cdf NjSgy HPH
      1,276 words
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      123 41 LEGEND: R Thunaerirorm Ttmp.rotur, c V Show«r W«oth«r w,o<j d.r«e?ion w.m >o««d <o knot* Rom Cloudy Sky Wav »»>d* Oft mdi<at«d by arrow* which Hy with tho wind O 0*» orcl* r«pr««nti coim or Sgh. on<j v o nab»o wmd* J On# hott fl«ch« r.oft*.nt, 5 knot* L—. On« fufl
      123 words
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      125 43 Time-table Sporting a rugged look, Pg2 Dress watches and charity, Tq 4 Jewellery the red, white and blue, Pg 5 An American in New York one man's story, Pgsß, 7 Charming chimes and the perpetual calendar, Pg 8 Intricatecomplications, Pg 9 Limited editions, Pg 10 Editor Lany Wee Sub-editor: Yveme
      125 words
  • Timeless treasures supplement
    • Article, Illustration
      Lock icon Timeless treasures supplement
      1206 43  -  by Larry Wee H. Ijjft i by Larry Wee T'S an all too familiar story. Most of us have to be content 111 to just gawk and admire. Then there are those who just have to do the touchie-feelie bit, but stop short there. Finally, there are
      Picture courtesy of Patek-Philippe  -  1,206 words
    • Article, Illustration
      Rugged good looks for the thrill seekers
      488 44 We flag off with some favourite sports watches, priced at $2,000-$5,000 OK, it's been a really rough 1998 to say the least. But it's also that time of year when you're starting to think about something special for that someone special. And you've
      488 words
    • Article
      Chunky or slim, racey or chic, take your pick
      688 44 For $5,000 and above, these sports watches offer that special casual chic THE most famous chronograph of them all has to be the Rolex Daytona, named after that famous American Car Race. It's an ageless favourite for watch nuts, and one
      688 words
    • Article, Illustration
      Ticking their own sweet time
      835 46 These dress watches in the $10,000 to $25,000 range are more than accessories, they are works of art AS we move on from entry-level sports watches, an interesting point to note is that men form the overwhelming majority of more serious watch collectors. The most
      835 words
    • Article
      Time to do our part for charity this X'mas
      248 46 Spare a thought for the less fortunate in these tough economic times. Since Nov 6 and all the way through to Jan 15, retailer Sincere Watches will be giving 2 per cent of sales proceeds from 11 watch brands to its
      248 words
    • Article, Illustration
      Sparklers on her wrist, a twinkle in her eye
      757 47 Whether it's diamonds, rubies, or simply gold, these bejewelled pieces are designed to qnicken heart-beats ON the subjects of watch shapes and romance, we've just seen an exquisite heartshaped, diamond-filled offering for the ladies from Piaget. Guys: either go buy her
      757 words
    • Article, Illustration
      Lock icon Buying myself a birthday present
      4492 48 Follow an American as he shops for a watch in New York. Amid the big brand names and bigger price tags, observe salespeople try everything from hard push to soft sell. Finally, watch him make an agonising decision IT'S my 50th Birthday, I'm in New
      FILE HPOTO; FILE PHOTO  -  4,492 words
    • Article
      When tomorrow never came
      340 50 The secrets of the Perpetual Calendar IN 1582, an extraordinary event occured in the month of October. That year, there was no Oct 5, nor was there a Oct 6 or 7. The day after the Oct 4 was the 15th. There was no mystery this
      340 words
    • Article, Illustration
      Do you hear what I hear?
      1031 50 For the times, they are a-changing THE development of the repeater mechanism goes back to the days of long ago when candles were the main source of indoor lighting, and it was difficult to tell the time after sunset. Luminous hands had not yet
      1,031 words
    • Article, Illustration
      Let's complicate things
      915 51 These mechanical marvels adjust for leap years and gravity, and have figurines that match tiny striking gongs THE best in the game of making horological masterpieces take upon themselves the ultimate challenge of making complicated watches the top of the range stuff for any master watchmaker worth
      915 words
    • Article, Illustration
      Limited editions: the best of times
      1140 52 Just when you think you've seen it all, we've saved the best for the last ONE of the things that a serious watch collector gets most excited about is to get his hands on watches that are made in very limited number. Once again,
      1,140 words
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      140 44 Another time, another face. reverso duo. s AVANTOARDE SINCE WATCH AS VERSATILE AS YOU IN A FRESH SURPRISE FROM THE pleasure of two V^^^HhH Turn over the AND A NEW WATCH v eclipses the Look FORWARD TO THE TIME Al. 1L AHEAD, or turn again <LV% tfV/m TO THE TIME
      140 words
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      110 45 OMEGA the only watch worn on the Moon, is now on its way to Mars g Bb Bk'WlH > I R SB wi^L» Hhdfl H H" 3P®PI *H|■ I Kjhfe. i_«s*' *B- f I is«_ -fl t d4%s v *> vaH fel*# .-fl Bl> i H v v> Y ,>H
      110 words
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      96 46 mmwm iiUT i' ,n I I Mmf! 5 I B«_ llf c> iJf^J M H||" -r JmZ J^k Hk"/ Br V ll fe^v w IL crown and case back. Folding bracelet dasp with double safety catch. I* Overseas. The world is yours. -•I' *V I* |j VACHERON CONSTANTS ♦i j
      96 words
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      170 46 Lose a little weight. Wear a lighter watch. TheGsT Chrono-Automatic. ytT ph» Case and bracelet in rugged, non-irritating, ultralight titanium. wHHIHB Also available in steel and yellow gold. IWC t i&^w S6L» /ms hltp:' www.iwc.dl Singapore: Asia Witch Centre Ptc Lid, Tel: 440 4208 Cheu Cheong Watch C entre. Tel
      170 words
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      84 47 Who is behind AN AUDEMARS PIGUET WATCH? Vs I X v i* ;i 2000?. yL 'ju& is H|Sf» 1 v v vj M /IIIDEMARS PKiUET m Ik I r nmilic </<• I'liniltnirrir ilrfmis ,jy' """BUSWIHv Koyul ()«ik olio lion K»• j'j ion.i I til, Slmvv iiMitii H Sri vk t
      84 words
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      82 48 1 BlancpaiN SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. J I U ,-_JC <^) Cortina Watch Centre EXCLUSIVELY AVAILABLE AT: SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel- *****85 Lucky Plaza #01-32 Tel: *****68 Millenia Walk #01-63/ MALAYSIA: Le Cortina
      82 words
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      112 49 55 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. V-Jn' J-J* -jfejjm Jm JF fipH mt -V: M dr^ 3^' mk m Zf i m ml I I y% o*~ I The Flyback The screw-in crown, push-buttons and P caseback guarantee the Flyback chronograph's water-resistant
      112 words
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      109 50 t ".T ".l 1 P^SIH r i fJMWSB v.w liiBlU3 §||fe P AS [l?|k r\ Li« >^cm swl s s A^^l r 4 at«u_ 1 Bw* v 4 v JBHESBa mr JRR yll v*H s* I' ljj BBjj^i TAG HEUER SHOWROOM TEL: 235 8477. Also available at All Watches Tel:
      109 words
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      528 51 Even the Kaiser of Germany had to wait a whole year It's always worth the wait. (or his Lange watch. rJr The Kaiser Wilhelm by Lange Sdhne". The LANGE 1. > When Kaiser Wilhelm made a state visit to the The first Lange watch of modern times. It took Ottoman
      528 words
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      270 52 a Utter refinement of proportion and finish gives the {Breguet style timeless appeal The delicate band-workedguillocbe on the creativity. Indeed the first tiMn uristwatcb was a Breguet, r Queen of Naples in 1810. Today our designers create new models of B' a lip sparkling elegance that remain true to our
      270 words