The Business Times, 16 December 1998

Total Pages: 42
1 42 The Business Times
  • 14 1 MITA (P) 04 (VI2/98 85* THE BUSINESS TIMES SINGAPORE Internet: http://business-timesjuial.com.sg/ WEDNESDAY, DECEMBER 16,1998
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  • 513 1 Indication from PM Mahathir contrasts with official forecast of-4.8% {KUALA LUMPUR] Prime Minister Mahathir Mohamad said yesterday that Malaysia's economy would shrink far more this year than the government had anticipated. Dr Mahathir, speaking at a summit of South-east Asian nations
    REUTERS  -  513 words
  • 405 1  -  First 11 months FDI now up 2.7%, reversing Jan-Sept downtrend By) Lu Ning [SINGAPORE] Foreign direct investment (FDI) in China surged unexpectedly in November, making it probable that it would reach or surpass last year's record-setting U5545.28 billion (Ss7s billion). Actual foreign investment
    405 words
  • 316 1  -  US stocks down over 300 points since plan announced By Catherine Ong (SINGAPORE] Bankers Trust yesterday aborted the issue of Singapore's first put warrants on the Dow Jones index due to poor response following a more than 300-point plunge in
    316 words
  • 582 1  -  Critics now having 'second thoughts': Miyazawa From. Anthony Rowley in Tokyo JAPANESE Finance Minister Kiichi Miyazawa yesterday disclosed a plan for a series of regional funds designed to avprt currency crises in Asia and elsewhere, and claimed that international opposition to these Asian
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  • Page 1 Advertisements
    • 122 1 Ftatnv A membership for the Singapore Island Country Club (SIOC) is put on title auction block in a bailiff's sale, Pg2 mm Can the euro feany wui Hot strong? Monty Matters, Pa 4 r Heck Leek Stow The spectre of foreign competition haa shaken S'pore'B tanking industry to the core,
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    • 17 1 Asmii Summit: Reports on Pg 5 Asean moves to seal unity An unusual style at Hanoi talks
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    • 86 1 'm *W^ 5 [^B5 t BiTp 9 p PWi 1 fIF,SV r^B I jrnm ipr^Sßi f WF p The new jfl collection Mm offkrmbtim i A A"** J flft „V 40 patterns,/ jfl B V eocA si a# A mtmyoAmM Wr Pi. JH m jB mm a Ma A j
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  • SINGAPORE AT HOME & ABROAD
    • 496 2  -  Authority also looking into ways to further develop debt market By' Won g Wei Kong THE Monetary Authority of Singapore will soon announce the details of a plan for the local boutique fund management industry. It is also looking at ways to
      496 words
    • 372 2  -  MAS opening new promotion offices in Mew York, London By Eugene Low MORE key financial players are expanding their activities here, the Monetary Authority of Singapore said yesterday. MAS is also opening new promotion offices in New York and London next year to further its
      SIEW YAW HOONG  -  372 words
    • 218 2 Reuters THE Singapore operations of the Royal/Dutch Shell Group said yesterday that it had a number of initiatives already underway to improve performance and reduce costs, including job cuts. It however declined to provide any specific targets for cutting staff.
      Reuters  -  218 words
    • 402 2  -  By\ Marissa Chew CREATIVE Technology chairman Sim Wong Hoo will lead one of two working committees under the Technopreneurship 21 Ministerial Committee, its chairman Deputy Prime Minister Tony Tan said yesterday. Mr Sim will head the private sector working committee, while National Science and
      402 words
    • 376 2  -  By i Carol Eng FOLLOWING the low-price strategy of Le Shantier recently, an L&M subsidiary relaunched a freehold apartment project at Little India over the weekend at $420 per sq ft on average, and sold out all remaining 14 units.
      ARTHUR LEE  -  376 words
    • 323 2  -  By. Ang Wan May OUT of eight properties put up for sale at yesterday's Edmund Tie Co auction, only two were sold and both were mortgagee sales of prime bungalows in district 10. The first bungalow, a
      323 words
    • 336 2  -  EYE OK THE ECONOMY Finance By\ Soh Tiang Kong GROWTH of M 2 the broad measure of money supply continued at a brisk pace In October, at 9.5 per cent year-on-year to $132.3 billion.. But the expansion has moderated compared with September's increase of 10 per
      Source: AFPL  -  336 words
    • 345 2  -  Pint ewr rack sate shows hard times far from over By Ven Sreenivasan IN a sign that the economic slump is far from over, a bailiffs auction is being held this week to sell a membership for a leading Singapore
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    • 279 2  -  By Marissa Chew CENTURY Mansion at Hillview Avenue sold 10 units over the weekend after prices were cut to between $460 and $550 per sq ft, more than the total number sold since its launch in October. The 64-unit freehold development was
      279 words

  • Page 3 Advertisements
    • 233 3 In bitter cold, dragging everything he needed behind JSWSfe 4 V without discarding all but the most vital I THE BACK OF ERLING KAGGE'S equipment. Which is how Erling Kagge's WRISTWATCH IS ENGRAVED wses WITH THESE WORDS: Rolex Explorer II came to accompany NORTH POLE 1990, SOUTH POLE 1992-3, jyjy
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  • FOCUS:MONEY MATTERS
    • 1118 4  -  Its path upward may turn out to be more anaemic than dynamic By Larry Wee [SINGAPORE] IN LESS than a month, the advent of 1999 will signal the birth of the euro for 11 of the European Monetary Union's 15 member nations. The
      Source: HypoVereinsbank  -  1,118 words
    • 485 4  -  Euro bond markets set to boom with launch of nnit; money managers By 1 Larry Wee [SINGAPORE] In a survey reported by Deutsche Bank last month, 200 of its institutional clients in Asia, Europe and North America with total assets of US$7.5 trillion (5512.4 trillion)
      485 words
    • 929 4  -  Tell 4 .meC nOWB By] Larry Wee [SINGAPORE] In our concluding piece on bonds, we discuss how bonds compare with other investments. But first, a look at yield measurements as a basis for comparison across different investment classes. For property, it's Rental Yields: defined as net
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  • Page 4 Advertisements
    • 345 4 BUSINESS .\o t/('(IS loadwrtisv Villi 1011-frw 1800-741 1883 v> POKKA POKKA CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pokka Corporation (Singapore) Limited (the "Company") will be held at 39 Quality Road, Singapore *****0
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    • 229 4 IN THE MATTER Of THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF AA TOYOTA RENTAL (SINGAPORE) PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act. Chaptar 50, that the Final Meeting of the members/contributories of the abovenamed company will
      229 words
    • 7 4 Money Matters will resume on Jan 6,1999
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  • ASEAN SUMMIT
    • 1544 5  -  There Is much about Asean which the grouping's new members have to learn From Yang Razali Kassim The writer is BT's regional analysis editor in Hanoi THE main streets of Hanoi have all been spruced up. They're not only visibly clean, they've also been
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    • 573 5  -  From Yang Razali Kassim in Hanoi CONCERNED about its growing disunity as a result of the Financial crisis and worried about further loss of investor confidence in the region, Asean moved yesterday to close ranks. Unity was the key theme
      573 words
  • Page 5 Advertisements
    • 336 5 a to the max. The oscillating Face- to-face, the new to tenths of a second. (Hours HI weight is a dual direction, Concord Impresario and minutes, as well.) T/ H self-winding rotor system. Chronographe makes a A What that means: one day of powerful statement as one In addition, there's
      336 words

  • ASIA'S ECONOMIC SLUMP
    • 139 6 Reuters [BANGKOK] In yet another move to attract foreign investors, cash-strapped Thailand said yesterday that it would give foreigners who invest three mUlion baht (*****,500) In the country visas for an extended stay of one year. Applicants for the visas must show evidence
      Reuters  -  139 words
    • 638 6  -  The govt's HKsl6ob stocks will have to be sold without disrupting market stability From Quak Hiang Whai in Hongkong THE company which manages the HK$l6O billion (5534.1 billion) worth of stocks owned by the Hongkong government will appoint financial advisers early next
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    • 409 6 Loan forms latest instalment of USss7b rescue deal Bloomberg (WASHINGTON] The International Monetary Fund's board approved a US$l.O2 billion (551.69 billion) loan to South Korea, five days after the country said it plans to repay almost three times that amount
      Bloomberg  -  409 words
    • 248 6 Reuters (KUALA LUMPUR] Malaysia said yesterday it would receive a 74 billion yen (Ssl billion) Japanese government guaranteed loan on Monday. The loan is from Sumitomo Bank with 90 per cent of it guaranteed by Japan's Ministry of International Trade and
      Reuters  -  248 words
    • 414 6  -  But lower exchange rates, easier fiscal policies will help By' Vikram Khanna [SINGAPORE] Asian economies are unlikely to recover before the second half of next year at the earliest and even then, the recovery will be weak, a senior
      414 words
  • Page 6 Advertisements
    • 99 6 H CNBC ASIA. YOUR SURVIVAL KIT FOR TURBULENT TIMES. Nothing can help you survive the Asian economic crisis more than H CNBC Asia. With our strong global links, we are equipped to cover global breaking news as well as its impact on Asia and around the world. fl Wmß Because
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  • SOUTH-EAST ASIA
    • 681 7 ANWAR'S TRIAL Blood sample taken for Aids test also used for other purposes; officer Reuters [KUALA LUMPUR] The prosecution produced a mattress as evidence yesterday in the sex and corruption trial of Malaysia's sacked finance minister Anwar Ibrahim, and a policeman said Anwar's blood had
      Reuters; AFP  -  681 words
    • 415 7 JAKARTA New group led by former defence minister Sudrajat AFP SCORES of leading members of Indonesia's ruling Golkar party said yesterday they would launch a breakaway party. Retired General Edi Sudrajat, a former defence minister who lost the battle for Golkar's chairmanship in July,
      AFP  -  415 words
    • 284 7 JAKARTA AFP A COMPANY owned by a son of former president Suharto is planning to sue the government for retracting tax exemptions awarded to his national car project, a report said yesterday. Mr Suharto in February 1996 ruled that PT Timor Putra
      AFP  -  284 words
    • 359 7 KUALA LUMPUR Reuters THE Malaysian government said yesterday it has asked national power giant Tenaga Nasional Bhd to consider reviving the controversial Bakun dam project, shelved last year as too costly in a down turn. The government shelved the J. 5 billion
      Reuters  -  359 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 453 8 f i Ky < jBL s r,' v }!"■> *T> r >v f i V JC-*. »i K S*. F ■~> '"■>■* V jF .Tl 'W'"'! J I.J > IfflffiC'.g--m -J c mttt Tana tsk Vumbmi ■hp ObmUb Mb 1 as a one-stop deveioper^onsuftsnt ItKt WJk industrial parka, infraatructura and
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  • Page 9 Advertisements
    • 479 9 [ilfl I iMßgij i Fsi 111 ifsl lliPB Youp One Stop jftjL j JTC International is widely-recognised as a One-stop developer-consultant of j|^S^Kyfa^^^K. industrial perks, infrastructure and' industries developments in Asie. An M w XfliHHi^tK^|H| achievement attributed to the synergy of our three core business groups 7-" 4*"»****«S r *<-'
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  • CHINA – HONGKONG-TAIWAN
    • 147 10 BEIJING AFP CHINESE President Jiang Zemin yesterday cast his vote in local elections in Beijing after the authorities banned prodemocracy activists from standing as candidates. "President Jiang visited a downtown polling place in Beijing this morning to cast his vote in a local legislative election,"
      AFP  -  147 words
    • 471 10  -  It says no person or company can control more than one vote in any constituency Prom Quak Hiang Whai in Hongkong RESPONDING to criticisms by a human rights group, the Hongkong government yesterday defended the territory's functional constituency system, saying the electoral
      471 words
    • 358 10 Mom negative comments about Chiaa bond sale Bloomberg [HONGKONG] Joe Zhang, head of China research at HSBC Securities Asia Ltd, left the firm after a dispute about negative comments he made about China's recent government bond sale, people familiar with the situation said. Vinh
      Bloomberg  -  358 words
    • 321 10 BEIJING Reuters CHINA is firmly committed to its pro-active fiscal policy and will continue to pour money into infrastructure projects to boost the domestic economy, Vice-Premier Li Lanqing was quoted as saying yesterday. < The policy "shows the government is in a position
      Reuters  -  321 words
  • Page 10 Advertisements
    • 165 10 We Wish All Our Bitters A Merry Christmas 4 A Prosperous New year! m H mm w f M i, wad Mu^ro*" 1 Ch#<tnUt :i S 0 Mo««se, Pinwwtt Pa"*®* fte»p*»«Y Sorbet \v j Vy BVV CranberTV 6nfl«d f«»V» P^^ rcom S«« e# S«tmon M«da®o«, "Sc»Wop«d- I 1\ •6ino«r-fl»^gw^; nQB
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  • ASIA
    • 304 11 TOKYO Tumble marks 11th monthly decline in demand; poor sales seen in months ahead Bloomberg [TOKYO] Worldwide orders for microchip-making equipment produced in Japan slumped 73 per cent in October, indicating a collapse in demand from Japanese and South Korean chipmakers
      Bloomberg  -  304 words
    • 176 11 TOKYO AFP A JAPANESE court yesterday sentenced a former Bank of Japan official to a suspended jail term for taking bribes from commercial banks, officials said. The Tokyo district court sentenced Yasuyuki Yoshizawa, 43, to two years and six months in jail, suspended
      AFP  -  176 words
    • 353 11 LONDON GDP seen shrinking 0.3% next year but growing 1% in 2000 Bridge News JAPANESE fund managers are increasingly optimistic about the prospects for the domestic economy, predicting a contraction in 1999 but a return to growth by 2000, according to the latest
      Bridge News  -  353 words
    • 342 11 PANMUNJOM Hell discuss joint economic projects on N Korea visit Reuters [PANMUNJOM] The founder of South Korea's Hyundai Group crossed the heavily militarised border into North Korea yesterday and declared the rival Koreas could be reunified within three years. Chung Ju Yung, making
      Reuters  -  342 words
  • Page 11 Advertisements
    • 281 11 FESTIVE SET MENUS WITH THE INNOVATIVE XIN TOUCH with 7Ho Vegetabk Mousse 'Xin' means new. 4 Xin' means innovation. Choose from 4 Add a special touch to your festive celebrations with Xin's innovative Festive Set Menus a harmonious blend of Chinese, Continental and COURSE Japanese culinary techniques and influences. $198
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  • THE WORLD
    • 392 12 WASHINGTON CPI up 0.2%, a little above expectations, as oil glut keep prices in check Reuters US consumer prices rose moderately in November as inflation remained tame in the economy across a broad array of sectors, the government said yesterday. The
      Reuters  -  392 words
    • 60 12 [NEW YORK] A group of 50 statues depicting the responses of the mothers of Pan Am flight 103 bombing victims. They are being displayed on the Montauk, New York, lawn of sculptor Suse Lowenstein. Ms Lowenstein's 21-year-old son Alexander was one of the 270 people killed when
      REUTERS  -  60 words
    • 345 12  -  US$ weakness said to cause shift from Europe to Asia fYom Neil Behrmann inlxmdcm FUND managers in the United States are aggressively buying Asian equities, according to a survey conducted by Gallup on behalf of Merrill Lynch. Most US fund managers
      345 words
    • 379 12 MICROSOFT'S ANTI-TRUST TRIAL Computer expert demonstrates program to suppress browser Bloomberg [WASHINGTON] Microsoft Corp could easily remove Internet Explorer from its Windows 98 operating system and let consumers load competing Web browsing programs, a computer expert testified at the software maker's antitrust trial
      Bloomberg  -  379 words
    • 264 12 GENEVA AFP THAILAND'S Vice-Premier Supachai Panichpakdi has the most support from among countries which have made public their backing for four candidates to head the World Trade Organisation (WTO) from April. But these do not include the key WTO members the United
      AFP  -  264 words
  • Page 12 Advertisements

  • EDITORIAL & OPINION
    • 830 13  -  the BOTTOMLXXE OPINION By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT THE great political debate in Britain
      830 words
    • 113 13 'We are not just writing blank cheques.' Julian Sdnwtaar an official in the World Bank s East Asia division, after the bank discovered top Indonesian officials skimmed a significant portion of the funds it lent to the country. 'As a family, we think in generations. If it
      113 words
    • 662 13 EDITORIAL DESPITE some high-pro-file deals involving the taking of major stakes in Asian companies by foreign equity investors, the pace of acquisitions —especially in Southeast Asia —remains slow. This is a major obstacle to the revival of the crisis-ravaged economies of the region. But first the
      662 words
    • 1019 13  -  Impeachment vote would affect future US administrations' ability to project power overseas By\ Leon adar The writer is BT's Washington correspondent WHEN the United States House of Representatives votes tomorrow on whether to impeach President William Jefferson Clinton and to request
      FILE PHOTO  -  1,019 words
    • 901 13 Let CUnton haag_ LIKE the CIA, US President Clinton has always preferred "plausible denial" over the truth, something that should have been apparent before his election. Indeed, the pundits still insist that we knew he was a philanderer but chose to ignore it More important was
      901 words

  • EXECUTIVE LIFESTYLE
    • 583 14 With their handicap allowance, they prove comfortable winners THE first leg of the Citibank/ Business Times Corporate Golf League, held at Laguna National Golf Club's Classic Course last Friday, also saw a first for the Jardine Lloyd Thompson team. Regular participants in the league since its
      583 words
    • 472 14  -  GOLF By' Ven Sreenivasan GOLF is perhaps the only sport where players seem to place more faith in technology than practice to improve their game. Golfers often spend hours browsing around pro shops for equipment that will enhance their game, oblivious to the
      472 words
    • 599 15 MUSIC Initiative comes as they try to beat pirates who use CD download device Reuters [LOS ANGELES] Leaders of the US$4O billion (5565.8 billion) global music market were scheduled to announce yesterday a plan to seek a standard for downloading music from the Internet
      Reuters; FILE PHOTO  -  599 words
  • Page 14 Advertisements
    • 260 14 Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rental of a wide range of refuse bins Sale and rental of mechanised waste storage and handling equipment Sale and rental of the Green Machine, a ride-behind sweeper from the
      260 words
    • 366 14 m W I Watch out tor aWPEnaarnyrt in Th» SusfrejgTftidßilfg^^O^^^M 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 or Ms Florence Nathan, Manager I OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE
      366 words

  • Page 15 Advertisements
    • 156 15 11/L Al4n nJ* rtM J nl% A Al 4 n i fl Offers up to Sslo,ooo FREE S9H r<> WHere to Wlll6j dIUC iUICI CQm/hHIDim international Purchases Insurance. 290 4545 I^——■ Cheers ■BB| 'To a of m 9 reat f un an( Wj' .J entertainment I at Cangtry's Happy Hours
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    • 90 15 CITE j| —1 2SDMM*otIW_ Cbnisrwos Day V?r.-1 llQOOlkto spm v $IXBo+++ per person M) $B.Bo+++ per child (Mtow 12 yean old) 30 VARIETIES of Food Items, t Jj|jji| Free Punch HOTEL QRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Reservation Tafc 737 9944 Ext 2/400 Fax:733 3175 J IQHIRMRS
      90 words
    • 118 15 i:> bcotts Road, Singapore *****0 PW&vmo ————mmiM The best Christmas parties sun at the Grand Plaza Parkroyal. ST. GREGORY'S BRASSERIE ROLF KNIFS LOUNGE j (24 Dec} COFFEE BAR (24 Dec) Buffet Dinner with Barbecue Great atmosphere. Live $52 (Adult) $30 (Child) resident band with great music $20 cower charge. Bpm
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    • 113 15 HAVE AN EXOTIC FESTIVE CELEBRATION JL AT THE lX tfB+++fAMp $S3+++(CbUdb*ml2) Lunch Dinner $28+++ (Admit) $40+++ (Adult) $18+++ (CUUbtkm 12) $22+++ (CbUdMtm 12) For reservations, f£anrt TTUfelfrl ptoat* cat *****66 VlfeWMfU nor \£ZStXZ£i IJetelMbfc»ioapmlMltK7yi«Mtac7V4M JHHM Qmd t "vrogK! ty MM HoMk ttmdkad Ud K!.i! M*kxxMMiouM*CK>> 1 J RESTAURA*T WIKE CELLAR
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    • 163 15 -Htrld Th* ~4i+r*uL 1898 Fun and games with funny man Moe AKkafF and loads of yuletide favourites! 25 December 11 am 2.30pm Mandarin Ballroom Adult: $53 nett oJRL f Child 10 years ri. muk UL and under $32 nett^SjiAlfct Reservations: 831 -6288 Mandarin Siggaporr 333 Orchard Road. Singapore *****7. TeJ:
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  • Page 15 Miscellaneous
    • 745 15 TV&RAPIO UO PM TV Innovations. <00 Kidz Blitz: Sesame Street. V -ItfW 5.00 Kidz Blitz X'mas: Chris- ot, '*X| y^pH topher Crocodile Spe- T Jl|' JB f JB cial. I ■r MI f UO Kidz Blitz X'mas: Char- ft lie's Christmas. Hr? m 1-r ji w I =F I •LOO
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    • 238 15 CRYPTIC CROSSWORD 1 To relieve tension, hear re--7 Keep on being cheeky about —^^—^19 little relative (7) I 1 1 1 I 8 A small quantity of Latin? (7) MT W0 H| fIV JHT SB 10 Soldiers returned, having no Pr" II 11 No government supporter (9) fIV WM W
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  • WIRED FOR BUSINESS
    • 950 16  -  The Net will extend their brand, although they don't expect much direct revenue initially, reports toh awm TOH HAN SHIN SOME international satellite and cable TV broadcasters are getting onto' the Internet, bringing the media of broadcasting and Internet closer together. While broadcasters like Star
      950 words
    • 474 16  -  Net lets local artist market his wares cheaply to the world By, Jusyn Olby THE enormous world of cyberspace has recently become host to something that lays claim to being the smallest of its kind. Garie Sim of Clay Creations has recently started marketing his tiny
      474 words
    • BOOK marks
      • 123 16 BANDWIDTH, bandwidth, bandwidth! The despairing cry of web-developers worldwide has always meant that Internet advertising must be bound by the lowest speed surfers are likely to be using. Not any more, if MatchLogic Inc can help it. SpeedSetect is a new service that will allow Web
        123 words
      • 74 16 The NUS School of Architecture has a project showcase online to show the worid how they would build colonies on Mars. Starting with robot pioneers mining the planet for minerals to build the first structures to skjsuapers, defensive structures and interaction with an alien race. The site
        74 words
      • 86 16 SANTA Claus can retire If ha gets tired of figuring out what to give everyone. Two woman have maragwi to come up with a gift certificate that to welcomed acroee the world. The Swift Gift Global Gift Card is possibly the most intelligent Internet shopping
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      • 75 16 EVERYONE from cabinet ministers to the man-on-the-street has the word "e-commerce M on their lips. Ever wanted an explanation of what it actually is? Or what the government wants it to be? Electronic Commerce Singapore has all the answers you could want. There are various
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      • 80 16 FREE e-mail services abound on the Web these days. However, there is one that seems to stand out from the rest. No more bland, generic yournama3cQaapany.com addresses. Now you can choose yourname@artiover.com or a choice of occupations, interests, personality types, hobbies or businesses all ending in
        80 words
      • 78 16  -  Anthony Rowley PRINCE Charles has ventured into cyberspace with his own Web site. The site provides a wealth of infbimatkm about him. It Includes an online forum, a news section, an introduction to the prince himself and a description of his role, a gallery
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  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 361 17  -  overprovision; sale of franchise stems loss By* Jennifer Lien tSINGAPORE] Hotel Properties Ltd (HPL) is selling a Queensland site as well as its Haagen-Daaz ice-cream franchise in Hongkong, r HPL said the safe of the Surfers Paradise, Queensland site, called the Chevron
      361 words
    • 515 17  -  By< Corinne Kerk [SINGAPORE] Stamford Corporate Leasing (SCL), the corporate leasing division of DBS Land subsidiary, Stamford Residences, has leased out 90 per cent of the combined 50 units at Balmoral Court and Balmoral Green, and 60 per
      ARTHUR LEE  -  515 words
    • 836 17  -  HOCK LOCK SIEW R Sivanithy KIM Eng Securities has reportedly been "poaching" top remisiers, raising some interesting points about where local stockbroking is headed. Because of the government's intention to fully deregulate the industry in four to five years, broad changes are
      836 words
    • 247 17  -  By\ Soh Tiang Keng [SINGAPOREI Another top OCBC Bank executive and veteran banker, Ng Tat Pun. 54, will retire soon. OCBC announced yesterday that Mr Ng, executive vice-president and chief executive of the bank in Malaysia, will retire from all management and
      247 words
    • 289 17  -  By Wong Wei Kong [SINGAPORE] Keppel Bank covered warrants issued by DBS Bank made a rousing debut yesterday, with the entire issue of 50 million warrants changing hands. The warrants closed at $0.72, up 16 per cent from the issue price of
      289 words
    • 285 17 [SINGAPORE) Foreign exchange losses, higher interest and depreciation costs saw Econ International's interim net profit halved to $2.78 million for the six months ended Sept 30. This compares with a net profit jump of 31 per cent to $5.55 million in the same
      285 words
    • REGIONAL COMPANIES
      • 358 18 Shares end 17% down after falling as much as 44% in intra-day trading AFP Bloomberg [TOKYO] Japan's troubled Yasuda Trust and Banking Co Ltd crumbled on the Tokyo stock market yesterday as the world's second largest economy cracked down on its struggling banks.
        AFP; Bloomberg; Source: Bloomberg  -  358 words
      • 567 18  -  Its unit declined to say if such an arrangement exists with Robert Fleming FYtm Ruth Wong in Kuala Lumpur MALAYAN Cement Bhd, a 58 per cent owned unit of UK's Blue Circle pic, said its parent company is not involved in
        567 words
      • 292 18 Bernama [MELBOURNE] Singapore Airlines is keen to buy into Ansett Australia which has a code-share agreement with Malaysia Airlines. According to the Australian Financial Review, Singapore Airlines' chief executive Cheong Choong Kong told a seminar at the Melbourne Business School that SLA is
        Bernama  -  292 words
      • 309 18 Resort taken over after developer violated contract Bloomberg [MANILA] The Philippine government plans to find a new investor to complete the development of a golf-and-casino resort that was seized on Monday from Mondragon International Philippines Inc, a senior official said. Clark Development
        Bloomberg  -  309 words
      • 294 18 Reuters [HONGKONG] The Hang Seng Index is set to make a push towards 12,000 points during the second half of 1999 after a period of consolidation in the first half of the year, Goldman Sachs said. "As we
        Reuters  -  294 words
    • INTERNATIONAL COMPANIES
      • 401 19 Bonn seen nnhappy with heavy UK presence in fntnre European grouping FT [LONDON] Negotiations between British Aerospace (BAe) and General Electric of the UK on Monday threatened to undermine BAe's efforts to secure a merger with DaimlerChrysler Aerospace (Dasa) of Germany. German authorities
        FT  -  401 words
      • 411 19 Bloomberg [OSAKA] Matsushita Electric, the world's largest maker of consumer electronics, and Sun Microsystems, the No 1 maker of computer workstations, will develop Java software to make it easier for digital electronic appliances to link up with PCs. The arrangement involves linking Matsushita's
        Bloomberg; AFP  -  411 words
      • 306 19 It owed 44.7t won at end-Nov, up 50% from a year earlier Bloomberg [SEOUL] Daewoo, South Korea's third largest business group, is also its largest corporate debtor, owing 44.7 trillion won (5560.9 billion) at the end of November, up 50 per
        Bloomberg  -  306 words
      • 447 19 FCC hearing raises questions about creating monopolies NYT [WASHINGTON] Three of the largest proposed telecommunications mergers in history were challenged on Monday by consumer groups and rival companies at a hearing that raised fundamental questions about whether the broad deregulation of the industry, intended to
        NYT  -  447 words
      • 214 19 Bridge News [TOKYO] Sumitomo Trust Banking Co, long touted as the bank likely to take over Long-Term Credit Bank of Japan, no longer intends to absorb the failed bank's operations, president Atsushi Takahashi said. In an interview with the Nihon Keizai Shimbun, Mr Takahashi said
        Bridge News  -  214 words
    • FINANCE & COMMODITIES
      • 371 20 G4+l club concerned takeovers are being disguised as mergers to boost profits FT [LONDON] The world's leading financial reporting regulators on Monday proposed banning merger accounting a widely used practice that can disguise takeovers and flatter the profits of resulting businesses. The G4+l, the
        FT  -  371 words
      • 451 20 But bank to add I,2oojobs next year on cautious optimism Reuters [NEW YORK) Private investment bank Goldman Sachs Co on Monday reported an 81 per cent drop in quarterly pre-tax profits to US$lO7 million (*****.8 million) after this summer's market turmoil.
        Reuters  -  451 words
      • 183 20 Bloomberg [SYDNEY] Deutsche Bank said it will establish a regional centre for the single European currency and risk management for repurchase agreements in Sydney. Deutsche decided to capitalise on the federal government's offshore banking unit (OBU) legislation allowing Australian fund and insurance managers to bring
        Bloomberg  -  183 words
      • 270 20 Reuters [SINGAPORE] China has resumed spot buying of Asian crude oil in a big way after a few months' hiatus, providing much needed support, traders said yesterday. They said the issue of fresh import quotas for the first quarter and depletion of domestic
        Reuters  -  270 words
      • 226 21  -  gT Trg Reports MSCI Singapore Index Edward Cheung Jardine Fleming BEARISH regional markets and a lower US market weighed on the MSCI Singapore Index futures yesterday, but were not successful in pulling the market down much. The lead month December contract opened lower
        226 words
      • 164 21  -  MSCI Taiwan fixtures Perry Gilbert Refco Singapore THE Simex MSCI Taiwan Stock Index futures proved resilient in the face of a weak US market overnight. The December 1998 contract staged a strong rally near mid-session to close 4.2 points higher at 286. There were two main
        164 words
      • 348 21 ENERGY REPORT Reuters [LONDON] Oil markets were treading water yesterday as dealers awaited tomorrow's gathering of three major producing countries in Madrid. London futures for benchmark Brent traded unchanged at US$lO.l3 a barrel and analysts said the market was discounting the likelihood of
        Reuters  -  348 words
      • 322 21 Bloomberg New York THE US dollar yesterday rose against the yen for the first time in six days after Taichi Sakaiya, chief of Japan's Economic Planning Agency, warned that an "unexpectedly strong" yen will hurt Japan's recovery. The yen's 12 per cent gain this year against the dollar
        Bloomberg  -  322 words
      • Article, Illustration
        1258 21 INTERBANK CROSS RATES I)ecl5 C$ ti»> ECU Ffr Dw HK$ Ind to Bupiah Yen Won KM *2$ Pafcls Pm g Im< sir MT$ Mrt Nw< US$ Austria 0.955 6.178 0.523 3.445 1027 4.799 26.358 46.923 0.727 7.505 2.354 1188 32.280 24.159 1024 3.757 0.830 19.*****.300 0.367 0M9 Canada 1.047 5.384
        1,258 words
      • 1876 21 SICOM FUTURES Peclo RUB8ER (Mares cImmqis it SJ0p«) KS1 CONTRACTS cMtiAq) CtOM Votume Open Month L®w Sett (towns) Interest J*<99 106.25 150 Feb» 107.25 U75 Kw 99 109.50 1475 Apr/Jon 99 114.00 2250 Ju«/Sep99 118.50 Oet/Dec 99 122.00 75 RSS 3 CONTRACT (US centsAfl) Votarn* Open Low Sett (towns) Interest
        1,876 words
    • Article, Illustration
      1257 22 AFP Q Hang Seng +127.63 HONGKONG share prices closed 1.3 per cent higher yesterday on bargain-hunting to end a run of three consecutive losing sessions despite a weaker US market, dealers said. "It is interesting to note the market is moving against the trend, despite weaker US and Japanese
      AFP  -  1,257 words
    • 2223 22 LONDON MntrMt *c IS Nact 31 Group *****0 *7 000 AB Ports 288.000 -3.400 ADbey National 1145.000 15.000 AiHed Oomecq 555.000 8.600 Allied Zurich 815.400 10.000 Amec 175.400 -0.600 Asda Group 147.000 0.600 BAT Ind 518.000 -1.000 BG We 395.000 -1.200 BICC 63.000 -3.400 BOC Group 849.000
      2,223 words
    • Article, Illustration
      479 22 AFP CI Shenzhen B Index -0.47 SHENZHEN'S B shares ended down yesterday in slow trade because many investors traditionally hold back from buying ahead of the end of the year, analysts said. The B Index lost 0.47 points, or 0.84 per cent, to 54.79 on turnover of HKSS.S million
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  479 words
    • 341 22 AFP EJWP Index +4732 TAIWAN share prices moved up 0.7 per cent yesterday, buoyed by strong buying of government-linked funds, analysts said. "Members of the govern-ment-linked stock stabilisation team had followed the instructions from the authorities to buy shares," said Michael Hsu of Fubon Securities. The finance ministry on
      AFP  -  341 words
    • 1578 22 AFP D Nikkei 225 -100.43 SHARE prices in Tokyo finished 0.7 per cent down yesterday as a slump in the banking sector sent the key Nikkei Index falling to a 40day low, brokers said. In late trading, the Nikkei Index fell below 14,000 points before public funds and renewed
      AFP  -  1,578 words
    • KUALA LUMPUR STOCK MARKET
      • 8752 23 mdustihau n CwHMMf pnteti >••• Last Vat Day Net Cap Ijqfc Law Ciw>-| -000 xm> Lew PtZ jm* *S 12 300 unch 1 300 300 16.6 121.6 148 35 Anqkasa 101 until 98 103 99 146.9 3 J9 "2 W» r —H* 280 1 30 298 280 9.7 112.0 108
        8,752 words
      • 388 23 AFP >1 Composite Into +2.78 Malaysian share prices closed 0.5 per cent higher in volatile trading yesterday with late bargain-hunting in some heavyweight stocks reversing losses in the broader market, dealers said. Dealers said the government's downward revision of Malaysia's growth forecast from minus 4.8
        AFP  -  388 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1924 24 ftps, LOAMS k VAftlANTS /mm «t Laat Val D.y LntOwtt A»g yw Lot Stne Company Sal* *«r- COOO) Hlgfc Lot Buyer Mtar Price "?f 5 3160 -Acer ******1USJ 13.5 -0.3 113 13.5 13 ~13 51 95 4.5 31*4 Acme ******4 17.5 -0.5 169 18 16.5 17 17.5 18 3161 AIITech
        1,924 words
      • 221 24 HONGKONG STOCKS Gr Cr 1998 LmI Vol Day Last Ouota Wv D«v YM Nat M Ck HlqH lw Stno Com»anv Sata COOO) HtqH Low Buyac Saaac H C'vr Pfl $m« 400 250 5123 COL (2000) UK 400 8 2.4 2 20.5 7744.7 5124 Catttay Pae 20c HK-.720 265
        221 words
      • 176 24  -  WARRANT WATCH R Sivanithy ALMOST 25 per cent of the market's volume yesterday was from one counter DBS Bank's latest covered warrant. This one is on Keppel Bank, which was the logical choice from the point of view of an issuer who wanted to write
        176 words
    • 238 24 AFP □Wellington +20.78 THE New Zealand stock market yesterday ignored Wall Street to rise 1.1 per cent on exceptionally high turnover, dealers said. The NZSE-40 Index rose 20.78 points to 1,940.33 on turnover of NZ$35l million, compared with Monday's NZ599.4 million.—AFP •kH MS (000) ANZ Banking 12.55 0.05 *****
      AFP  -  238 words
    • Article, Illustration
      768 24 AFP H SET Index +129 THAI share prices gained 1.3 per cent yesterday on a lastminute rebound in the banking sector as dealers awaited the result of a mass auction of assets from closed finance firms, analysts said. "It's merely a technical rebound in the banking sector in the
      AFP  -  768 words
    • 411 24 AFP PI Composite Index +20.56 SOUTH Korean shares rose 3.7 per cent yesterday to close at a year high on active retail interest along with futuresled buying late in the session, dealers said. Tongyang Securities analyst Park Jae Hoon said the market gained further upward momentum in afternoon trade
      AFP  -  411 words
    • 590 24 AFP All Ordinaries *IL4 SHARE prices firmed 0.4 per cent yesterday with bargain hunters helping resource stocks stage a partial recovery, brokers said. The Australian Stock Exchange's All Ordinaries Index finished 11.4 points higher at 2,687.9. National turnover totalled 341.04 million shares worth Asl.ol billion. The All Resources Index
      AFP  -  590 words
    • Article, Illustration
      686 24 AFP P Composite Index -193 INDONESIAN shares closed one per cent lower yesterday on a lack of fresh incentives following falls on Wall Street, dealers said. "Overall, there were really no strong reasons to push the shares up," a dealer with a local brokerage said. The Jakarta Stock Exchange
      AFP  -  686 words
    • 327 24 AFP CI Manila -4.07 PHILIPPINE shares closed 0.2 per cent down yesterday as foreign fund managers stayed out of Asian markets amid impeachment proceedings against US President Bill Clinton, analysts said. The Philippine Stock Exchange Composite Index shed 4.07 points to close at 1,796.73. A total of 4.97 billion
      AFP  -  327 words
    • 5771 25 Transaction date: Dec li I Cr Cr N *1 Ni-l U b?' J** _>«*« Oupte Ot» Mv VM Nat Cm A*g nw f !■>!■! w» roooi t%> u» imr cw mi i3i MULTHNDUSTRY 47 i I5SP li* 5 260 725 705 "5 "5 27-5
      5,771 words
    • 1057 25 jg i- roS. -"u. y ijz gjs MANUFACTURING 2 f«« X 2049 AS Auto K)e 102 unch 1367 108 99 101 102 15 N 7 1.5 9.6 116.5 106 89.5 45 a 2051 ASJ M«qi 20c 56 unch 1 56 56 56.5 58 2.5 10.2 0.9 10 8 50
      1,057 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        437 26 Stacks Volume KepBank DBS WOO 50,635.000 Keppel Land50c 8,918,000 Van der Horst 7,136,000 DBS Land 6,588.000 ST Capital 25c 6,432.000 Keppel Bank 5,617,000 InchMarkt 50c 4,502,000 HK land USIOc 3,907,000 Brilliant 8c 3,733,000 Hotel Prop 3,675,000 Stocks KepBank DBS WOO 35,858,095 OUB Foreign 18,536,870 Keppel Bank 16,073,850 Keppel Land50c 16,010,460
        437 words
      • 663 26  -  STOCK MARKET COMMENTARY Dow and Nikkei weakness continues to provide investors with excuse to stay away ahead of holidays By R Sivanithy [SINGAPORE] Dwindling volume and weak prices continued to be central themes in the local market yesterday as players continued
        663 words
      • ON THE GRAPEVINE
        • 173 26 REMEMBER the glorious days of "asset injection" stories which Hongkong analysts and brokers were aggressively pitching for the "red chips" last year? That was the time when the most flimsy talk of asset injections by parent companies on the mainland into Hongkong-listed companies could easily excite fund
          173 words
        • 92 26 THE remake of The King and I movie Anna The King—which will be shot in Malaysia next year, may just bring a windfall to a couple of Malaysians. A half-page advertisement in a local dally last week sought three "superior" houses in Ipoh
          92 words
        • 97 26 A NON-competitive Global Peace Run is being organised on Dec 19. The highlight of the run Is the passing of the Peace Torch, which in previous runs has been held by people from all walks of life from children to sports and entertainment personalities
          97 words
        • 79 26 TO celebrate the Christmas season, Discovery Channel (the edutainment TV network) and the World Wildlife Fund and the Sabah Forestry Department will be involved in a reforestation project in Malaysia. The objective is the rehabilitation of SO hectares of damaged areas of the Pin
          79 words
      • Article, Illustration
        57 26  -  by Shiv Taneja SM Summit closed unchanged yesterday at 40 cents on a* volume of 3.34 million shares. According to the daily and_ weekly RSI and Stochastics charts, there is more downsidein the medium term. This is supported by the weeklyMACD chart which is calling a medium term
        57 words
  • Page 17 Advertisements
    • 49 17 BOOTS THAT R 1 B6 m fc, P.10.n Toe Oxford I L TIII I i..\-M< JXPORD z r m warn- sealed .itber for puuraa if pevfor- I f C Timberland <& TimbtHomf* store; Centrepoint Marirvo Square Ngee Ann City Shop-in-shop: -tan Scotts Seiyu buglf Junction Sogo Raffles City Takashimaya Tangs
      49 words

  • Page 18 Advertisements
    • 117 18 Reverso Duetto. And your nights will be as beautiful as your days. AVANTThrough the magical GESTURE OF REVERSING Duetto provides a JY/^ SUBTLE ALTERNATION 7*3\rWMm BETWEEN DAY AND AMfF NIGHT, LIFE AND Ygg} 1L EXCEPTIONAL SITUA- tion. Classic, sporting V and restrained j, X^k*.' x K\\sf' .fi^ BY DAY, IT
      117 words

  • Page 19 Advertisements
    • 129 19 I I 8 >Vm I x>/- im? la II /?*^^JEUmm HK V\ JSw/^E Jm, &>fe~.\i _JB< ~»>., >$# S£jj about Vacheron Constant in" s centuries of exceptional craftsmanship. X FN V VACHERON CONSTANTIN Thi world's oldest watch manufacturer Geneva, since 1755 *r, W V S Authorised Retailers Cortina Watch Tel:
      129 words

  • Page 20 Advertisements
    • 318 20 Cashmere in leather. Or how to advertise your Christmas bonus. HA >^w i ,MB »SwBBWWWWWBBHPIWWWHWWIi^^^ 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 Singapore
      318 words
    • 269 20 BUSINESS otices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 Bayerische Hypo- und Vereinsbank AG New York Branch DEM 2,000,000,000 47i% Global Public Sector Pfandbriefe due 2002 According to paragraph 3 of the l-uro Conversion Law for Bonds ("Gesetz zur Umstellung run Schuliiverschreibunyen auf Huro") as of June 9. 1998. the DEM
      269 words


  • Page 22 Advertisements
    • 16 22 BUSINESS Xo tices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO PAGE 26 FOR MORE NOTICES
      16 words
    • 236 22 fMTMI MATTER OF THE GOMPANES ACT, CAP. AMOM THE MATTER OF KEMIAMETAL TOOL SYSTBISSMGAPOfIE PTE LTD (M NoaMa* Vakntoy U9MMO4 Mooing <*tanoao« Tool SyoMno Sim PM IM M* ommt *4 MM gIIQM U* Jwong fpcn em a* tt Dnata IM. In kfamg iwMaKMtdMpoot(l) SPECIAL RESOLUTION RESOLVED M Ml Cm bo
      236 words
    • 190 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF FJALAR INVESTMENT HOLDINGS PTE LTD (lm Voluntary (ifrntdalian) FINAL MEETINC. NOTICE IS HEREBY GIVEN, pursuant lo Section 308 of Che Companies Act, Cap. 50, thai the FINAL MEETING of the Members of the above named Company
      190 words
    • 125 22 M THE MATTER OF THE COMPANIES ACT, CAP. SO AMD YONGCHUAN HANG PTE LTD (In Voluntary Liqudation) NOTICE IS HEREBY GIVEN pursuant to Section 300(2) of the Compares Act, Cap. 50 that a final meeting of the members of the above Company «mI be held at 203 A Lavender Street.
      125 words
    • 126 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND HOE GU AN PETROLEUM PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act. Cap. 50 that a final meeting of the members of the above Company be held at 203 A Lavender
      126 words
    • 126 22 M THE MATTER OF THE COMPANIES ACT, CAP. 50 AND NEWELL PALMER i ASSOCIATES (S) PTE LTD (In Voluntary Ltquriabor) NOTICE B HEREBY GfVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that a final meeting of the members of to above Company wfl be held at 203
      126 words
    • 9 22 HOCK LOCK SIEW Takes you behind the news TheßusinbssTimes
      9 words

  • Page 23 Advertisements


  • Page 25 Advertisements
    • 95 25 BlancpaiN Ref. No: 2123-1527-53 in white gold 31l I The first Tourbillon watch with ii'mlm-^ '1!Bl an one week power reserve. fjttß' I screw-in crown and sapphire caseback. EXCLUSIVELY AVAILABLE AT: SINGAPORE: G>rtina Watch Centre Pte Ltd Raffles Qty #01-36 Tel" *****85 Lucky Plaza #01-32 Tel: *****68- Millenia Walk Tel:
      95 words

  • Page 26 Advertisements
    • 881 26 BUSINESS Noticr.si To advertise call toll-free IXOO-741 IXXjJ C.K.TANG C. K. TANG LIMITED (Incorporated in the Republic of Singapore) NOTICE TO WARRANTHOLDERS In accordancc with and pursuant to the Instrument dated 22nd August, 1994, executed by the Company constituting the warrants of the Company (the "Warrants") and to Condition s(g)
      881 words
    • 881 26 IN THE MATTER OF THE COMPANIES ACT, CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF KEYSTONE INDUSTRIES (PRIVATE) UMI TED (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile
      881 words
    • 1263 26 THE COMPANIES ACT, CHAPTER 50 Section 2Wt2xbi NOTICE OK RESOLUTION SEMPEC ENGINEERING CONSTRUCTION COMPANY PTE LTD (In Mflnbtn' Voluntary liquidation) Al an hxtraordinary (iciteral Meeting of Sempec Engineering Construction Company Pte ltd held al 60 Admiralty Road Weil #02-00. Scmhawang Building. Singapore *****7 on the 7th day of December 1998.
      1,263 words

  • SHIPPING TIMES
    • 309 27 Bridge News Reuters THERE was little activity evident in the Atlantic area after Friday's flurry of new business. Biffex has now entered the holiday zone, Clarkson Securities Ltd said in its daily report. Monday trading conditions and the run up to Christmas coupled with the conftised state of
      Bridge News; Reuters  -  309 words
    • 293 27 s» '°°<i NcM a HI CWT Otetributton 0.49 unch 41 Choan Hup 0.52 *0.005 25 Cosco Invaatmant .0.52 FrpMit IMS 0.185 -0.01 961 GB Holdings 0.38 -0.01 26 Hat Sun Hup 0.42 -0.005 183 HRacM Zotan 0.74 *0.015 519 IMC Holdings HK 5.60 Jay* Holding* 0.525 *0.01 5
      293 words
    • 450 27  -  Littoral states should request mariners to report status of Y2K readiness From David Hughes in London A PROPOSAL by Singapore, Indonesia and Malaysia to question masters of vessels transiting the Straits of Malacca and Singapore about their ships' Year 2000 (Y2K) compliance has
      450 words
    • 443 27  -  By. Marcus Hand [SINGAPORE] Russianowned Sinchart Shipping continues to see good opportunities in the Asian market as it opens its new $7 million office in Singapore. Alexandre executive director of Sinchart, told Shipping Times that the company is looking at potential joint ventures in
      443 words
    • 627 27  -  STRAIT TALE By\ Seafarer SOME 15 years ago Seafarer was travelling through the Tukang Besi Islands, off the coast of South-east Sulawesi in Indonesia. The only available mode of transport was, and still is, small wooden motor vessels. These craft are locally
      627 words
    • 1128 28 CROSS-PACIFIC SHIPPING Despite US$lOO per 40-ft container rate increase for wastepaper, general rate rise in the westbound Pacific is out [SlNGAPOßE] SHIPPING lines that carry US exports to Asia are congratulating themselves on pushing through a US$lOO (*****.50) per 40-foot container rate increase for wastepaper,
      FILE PHOTO  -  1,128 words
    • 324 28 PACE FoongSun 8 ANL 3 Frotj 12 Accord 8 Frt Links M Ahre«*ie) 12 C Link 4 Appensfcp 5 8 AM OCl 6 ,z Austral 8 Avant 14 "*SonHup B'tang Mas 8 BSA 1 3 BTl 14 Heung-A 7 4 2L u Bangiadesti 13 HubUne M Batamindo
      324 words
    • 17874 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaq* Telephone ETA ETA Advertiser Vissd Voyage Telephone Si N Dest'ft Nam* Name Number yumber SIN Dest'n Name Name Number Number 24/12 M/01 Evergreen E GROWTH 0262-065W 65-3921H1 To ABIDJAN (ABJ) 2003 Cot* 0'I voir* 20/01 cosco smart river 0059W «22*1100
      17,874 words
    • SHIPS IN PORT
      • 702 41 Voy Ho Berth Arrival Departure W231 alongside 1512/800 B*** 1LM,J 02/98 JOT jIooqskm 15.12/1900 U* -1 MU 101 fwxpKK IS. 12/2300 w Km™»2 *****6 J01 alongside 15.12/2100 ™'l '2/* J" alongside 15.12/1500 Hn 11/98 J02 iloogsKJt 15.12/1900 Dooyangglory H9« J14 alongside 20.12/1200 Great Prize 25 J» i longs
        702 words
      • 1746 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Sh, P _VoyNo Etb/Btr Period From To From *ti 0«M 003* M/WOO U H/HOO S/M59 15/1900 h/hoo iy*» h/hoo U 15/1700 a/0659 14/0900 a 15/1700 16/0*59 It/OW 1 It/0700 a/1H9 M/UOO 4 a/HOO a/1459 N/1700 Aci S-» 3570
        1,746 words
      • 218 41 Deo 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Deo 20 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: Christmas Day. France: Christmas Day. Germany: Christmas
        218 words
      • 917 41 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        917 words
      • 421 41 Dm) rtKW *0M« 990.2 3.9 17.4 0.15 78 0.07 3 Owwlty Wrttr KiuOm Art AtumHMum Mwg No *om £25 0 1110 0 N/M 300 Aw 917.9 0J 15.3 0.07 31 042 M/M-l %»/v turn m. 390 995J 04 19.6 0.11 61 0.06 5S2H2 HI>AI We«toyf 635
        421 words
    • AIR LAND TRANSPORT NEWS
      • 205 42 Bloomberg [HONGKONG] Cathay Pacific Airways, the city's only long-haul carrier, and its unions have agreed to longer working hours in exchange for a pay rise, the airline said in its in-house newspaper. The airline, in the middle of a cost cutting programme, said
        Bloomberg  -  205 words
      • 188 42 AFP [SEATTLE, Washington] Senior executives of The Boeing Company emerged from a closed-door directors meeting on Monday with their jobs intact, quelling rumours of a management shake-up and the possible ouster of chairman and chief executive officer Phil Condit. Officers of the reeling aerospace giant have
        AFP  -  188 words
      • 158 42 Reuters [PARIS] Air France chief executive Jean-Cyril Spinetta said in an interview published on Monday a partial privatisation of the company's capital in March would work well. "A calendar that set a start of the operation in February for an opening (of
        Reuters  -  158 words
      • 469 42 Total insurance payout likely to be higher dne to liability claims: London insurers Reuters AFP [LONDON] Aviation insurers in the London market said on Monday that the Thai Airways Airbus A3lO-200 that crashed in Thailand on Friday had an insured hull
        Reuters; AFP; REUTERS  -  469 words
      • Article, Illustration
        76 42 [STUTTGART] Picture of the DaimlerChrysler company showing a new Mercedes-Benz CL class car, which the company plans to bring to the markets by the end 0f1999. The big coupe version on a S-Class chassis is scheduled to be presented for the first time to the public during
        AFP  -  76 words
      • 401 42 Japan Airlines plans to slash fares to match discount carrier Skymark [TOKYO] Japan Airlines Co plans to halve fares on roundtrips between Tokyo and the south-western city of Fukuoka in February to match discounter Skymark Airlines, a new entrant to Japan's domestic
        401 words
      • 332 42 MANAGEMENT PURGE OF INDIAN Moves towards merger of Indian Airlines and Air India blocked Reuters [NEW DELHI] The Indian government will freeze moves towards the merger of Indian Airlines and Air India, which the state-owned carriers' boards initiated last week. A senior Civil
        Reuters  -  332 words
      • 340 42 AFP [NEW DELHI] The management purge in India's staterun domestic and international airlines has deepened with the sacking of the head of India Airlines subsidiary Alliance Air, reports said yesterday. Alliance Air managing director Vinoo Kashyap was removed from his post on
        AFP  -  340 words
      • 1669 42 arr ruarr on rmw o» nmsm t6so imr 2359 MMM» AM230 IK* S***** 1650 K***** 2359 LH6381 1920 MM> 2359 «ao two Mia mm im hwo id Amsttrdan *1843 0540 S024 2320 HC CZ351 2035 W4327 0800 KL838 2335 M VH74I WO **742 0905 S0327 0800
        1,669 words
  • Page 27 Advertisements
    • 22 27 Cross-Pacific carriers manage small rate rise Despite US$lOO per 40-ft container rate increase for wastepaper, general rate rise is out. Page 2
      22 words
    • 103 27 •v• 1 4 r dißf &MM\ juflf ir* «2! i \y*m n 'P PM,B rflCN*', m*mW m 'W m m ■-'< T r/». 1 Visa Freight Services Pte Ltd > I f\i < f The Global Vision in Total Transportation Regular Groupage LC.L Consolidation Import Export Services Tf Irir»v f
      103 words
    • 51 27 Downed Thai Airways jet valued at USSIB.7m Total insurance payout likely to be higher due to liability claims: London insurers. Back Page v 4 V J 8 yi 5 \g- v -iv<* s ■kA i fcyK IHP* B1 IRjgF •>. I PORT OF HA MBURG H| HUB OF A NEW
      51 words

  • Page 28 Advertisements
    • 965 28 1 NORTH AMERICA I EXPORT 1 I OTHER DESTINATIONS I 11 WEST COAST OF CEHTRAL AMERICA (MARQAWTA SERVICE) wr mm m m hw ok m moan ma wr an"l aSsflS£il "cauma Immvbitwm samiomwq wmohb ooqwtmi iicssi i*7« "SI7ST~ ~is7*T~ os/oi «7ii iW~ tu tun n/u m/oi ji/»i oi/oi nm os/oi
      965 words
    • 87 28 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Nana Kono A AH China Porta TMIH» A «UM VMMLI VtSSII VOY no SIN ETA TYO ETA KOt HA Y0« ETA NOP ETA OSA HOUSTON V.*****
      87 words
    • 662 28 L<"es S services represented ak u itOl;) Orders Accredited Shippng Agents Association Singapore Sf*pp»ng Association "*mmr CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETTA SIN ETA MALE Prlicess lih VVH9B 21/12 22,12 31/12 Princess LJh VMM IS/91 21/tl LILY MARINE SERVICES SINGAPORE Pkow iU 72M/3388&4C Fkx: U479M SCANCHART AGENCIES SDN
      662 words

  • Page 29 Advertisements
    • 1144 29 TO EUROPE FROM EUROPE vpsa vor swmMiHMiwsainiuH vrssa voy rtm anr ham o«v sou fit leh sin I DANURE S42W 17/12 09/01 00/01 07/01 04/01 HYADMftAI 316E 20/11 25/11 20/1123/11 17/12 NOIPUM OOOW 17/12 OMIT OMIT 05/01 30/12 HY HIGHNESS 314(20/11 20/11 01/12 25/11 19/12 TTW 525W 10/12 03/01 05/01
      1,144 words
    • 2026 29 I HANJIN SHIPPING HANJIN SHIPPING (S) PTE LTD k*//wn> hap com lOOKING 32W*****7 SAIfS 37W224 731 DOCUMENT 32E0271 274 OPttATKMS *****41 252 MAIN LIM *****55 FAX 222M44 a BO; 11 534t****** |TO NW USA CANADA I USA TcANAOA* for vsi/voy un 3J umuuTvor 5 nw den pox cm Isp Sf
      2,026 words
    • 525 29 vtotL w_ jil re vor sw hkg ki iisn pus Inssa Imjsm re Ivtssa |m sin I jct j UTTC PUSAM CIAS 11/11 11/11 20/12 12/12 13/12 —1 t 'iy r'■ I IIA IIMII I NONUMU ITS 11/12 IS/12 17* 14/12 20/12 22/12 24/12 2S/12 mTCHSMONE 1 lIIS I 27/12
      525 words

  • Page 30 Advertisements
    • 1346 30 DSR-SENATOR UHES TO UK/CONTINENT TO MEDITERRANEANCANADA mm. WY W LfH HTM WW HAM M» HX KMR HOY tM MT Sfl FOS VIC MTU tmoe eternity won nil an nr tin en ntt monceMTon mw w.u n.u n.iz rl2 en oir HJUUNKMTUNO WMHI IJ.If «I.H Mil M.H »H Mil 17.11 CMOYM6
      1,346 words
    • 1010 30 liHMi saee. 1- IW J cm WO. **********66 fflBU: (064) *****9 MAMLA: (632) *****24 PgWAWQ: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P- KELAWQ: (03) *****77 JKE (21)*****07 MON: (61)*****8 KUCMNQ (062) *****1-6 BCN/COA/PIH/lEH I SURABAYA MV "VILLI DE SAGfTTA" V.9850-4 My KOTA KRAN| VMNOg ■*A SIN: 21-12-98 ETA
      1,010 words
    • 648 30 LINE ST Jt miaM34S««AXiIMSIII MUARA r LABUAM 1 vcsa vor rn> ra vtssa vot ire ra STOW MUAAA STOCI UN SHUTS HO* V3X/W 19/12 H/ll STINTS MOP! VJStf* 10/1J »/ll ouuu am-n wit/io m/u 27/12 caoau *00-12 wit/10 M/ 12 a/12 siurrsMOK w/u 01/01 srunsHon vvt/n 20/12 «/oi OUUJUk JMO-H
      648 words

  • Page 31 Advertisements
    • 1265 31 VESSEL VOV BIW SIP PKO PEN PQB PUB BMJ IBA BIK IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 00/01 IRAN BABAEI PJLI326 01/01 11/01 10/01 12/01 14/01 IRAN TAKHTI PJLI324 08/0* 18/01 17/01 19/01 21/01 PQB> Mini Qaboos. DUB Dubai, SHJ Sharjih. BA Bandar Abbas. BIK Bandar Imam Khomeini ACCEPTING
      1,265 words
    • 1740 31 U ivr*f» Aoliflpgfl j Kv«ry Beeiey «mI S«»Hcy I ft ir»—haw— l» M J n RIMGAfoJFsGCNERAUGfro: 6 SHIMTOW WAY HI: 226 1900 f^77b27M^oSTWMT/^ l^ m mSo2^1o!!S!lQ!!!a mmm^mm^mmmmmm^\ COSTAR SHIPPING PTE LTD #17-01 DOS lIOG SAUS/IKGS *****57/60 INWARD MPT (0/0) *****15 COSTAR AGENCIES (Ml SDN BHD i TOWEK TWO (*****9) CONVENTIONAL
      1,740 words
    • 612 31 |r r EASTERN CAR LINER, LTD. |_fcj Ed (SINGAPORE) PTE LTD I SPECIALIZE IN ROUP 4 HEAVY LIFT UFTO 450 TOWS I 6Q (SIKGAPOtE) Hi UD LOAD NG FOR CHITTAGONG/YANGON CHITTAGONG/CALCUTTA MV "ORANGE MOON" V.IOB MV "MAPLE ARIES" V.2 ETA SIM 19/12/98 ETA CTG 28/12/98 EU SIM 20/12/98 ETA CTG
      612 words

  • Page 32 Advertisements
    • 1185 32 UROPEAiK/SCAWDtWAVIA/TIMLAWD/RUSSIA SGP ROM ANW HflG TOP ZEE LHV I LHV TOP ROM ANW HBG PKL SGP E. DEVOTE RW-004 N/01 13/11 08/01 11/01 12/01 13/B1 E REWARD RE-031 10/11 21/11 20/11 23/11 24/11 17/12 11/12 E. DEVELOP RW-004 27/12 15/01 20/01 10/01 10/01 18/01 20/01 lE. REFINE RE-018 20/11 20/11
      1,185 words
    • 947 32 PACIFIC INTERNATIONAL LINES (PTE) LTD^ j SESSSSSI4O Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO **********06 [mitt vot m |sw I m sn> m mm m m m mI I lUNGA TIIATAI4 Ml U/ll H/IJ V/U 30/12 T7l 171 m/i I iV/i uwAAiOTum mi it/ii wir M/n 2/1 I
      947 words
    • 604 32 NANTAI LINE FUU.Y CONTAINERISED SEKVKE TO MAURITIUS SOUTH AFRKA vcsa vot sm puj 1 out 1 jno lenl ki MMMSM MIPS 20/12 »/12 02/01 05/0) Ml mrcumiig \to2ts 27/12 10/01 13/01 m mreuwius 1031s 03/01 11/ Di 13/01 ii/»i 19/01 23/01 coma DiucoN y«m 11/01 20/01 21/01 27/01 21/01 MOTH
      604 words

  • Page 33 Advertisements
    • 459 33 BSfl x M MYANMA \«BBk FIVE STAR UNE (Myamiar National Um) v Loading for Yang on (Rangoon) VKSa VOT SJN PKL PEN PGU smwi aw su> MOT! 2W 20/12 MALAYSIA AGENTS; MUSTIAD SHIPPING AGENCIES Kill: TE (03)*****00 PKL TU (03) 3764)01 «lt m (04) *****02 PGU: m (07)*****21/4 BANK LINE
      459 words
    • 1612 33 HMNE- I HYUNDAI MERCHANT MARINE CO., LTD. [Vtssa VOT I SR I SOU UH ATM ANT HAW MTV W IVBSa VOT|SOU|ia|«TMIANTIHAR|RtV| Fa r» OANUK S42W 10/12 04/01 04/01 04/01 07/01 HT AOMRAI 314 C 23/11 21/11 2S/11 24/11 17/12 NOl PEARL 004W 17/12 02/01 03/01 05/11 00/01 HTKGMESS 3141 25/11
      1,612 words
    • 940 33 \V 1 rem agon jpeooload twkxarrmn Gm@G Wilhelmsen Lines TO NORTH AND LATIN AMERICA "*ORO HEAVY LI FT SERVICE" ViSSEI VOY RAMP HEIGHT SIN LAX CRI MU SAV BAL 0«f NYC |WW| MM UPK)U 400 T *3* 25/1J 24/01 02/02 05/02 07/02 WoT To7oT TT7ST u7or T77oT" TAMPA F902 400
      940 words

  • Page 34 Advertisements
    • 925 34 MAMOKOMiAP TA PHUT/LAIM CHABANO J A HART A/PA N J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA RATNA RNAO73 In Pt 18/12 GURU BHUM 106S In Pt 20/12 NAWTABHUM" 424N In PI 18/12 20/12 GURU BHUM 106 SB 17/12 20/12 KJTI BHUM 84N
      925 words
    • 565 34 LIJ IHuldW-OwT N^ TIQNAL UNE va vot J" s tow rom/i'DiUi rmw mumh mmaT avhsii ii/>i n/n n/n omrr n/n TO AUSTRALIA FULL CONTAINER SERVICE va Iwtlwc si m m m tm mi Im~ are—aid m i;/n»/» v/n h/»i w/>i w/ti u/>i kasumi 15$ m/h n/w »/ti «/>i n/>i i;/»
      565 words
    • 1034 34 I VEBB6LS VOY IMN I PKL MLA LEH RTM HAM I 2EE 1 BQT TAURUS A2BW 23/12 2V12 06P1 12W 13W IVQI 1&pi~ V-LE D-AQUARIUS U2BW 28M2 30/12 11/01 ia/Q1 19>t)1 aVOI 22AM 2&01 VILLE OE AWTARES L2BW OEDI 06/01 18AM 25/01 2BW 27/01 28H01 aioi VHEOEVWOO S29W 12AH 13AM
      1,034 words

  • Page 35 Advertisements
    • 48 35 VaTAI STElT^Dial74o-6000 Ofl QEHISnG —mmJ (Retrieve more schedules!) Press "1" Select the port and key in STBbl the four digit code —eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be SHIPPING TIMES *132 '.Z22JXZ.
      48 words


  • Page 37 Advertisements
    • 152 37 ■■■BBMMM FREE Reader Enquiry Service cut out and Fax to 65-*****29 miilkH n 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: I ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      152 words

  • Page 38 Advertisements
    • 921 38 SAMUDERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 ■■Hi TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****11 (IMPORT STATUS) TLX: R*****0 6266 Colli/Josslca/Mol Chan/Jeslynn/Oora/Hanlm EQZEIE3HB3SSH 7 slgs/week HESEEHI 2 slg/week [vessel Tvov rsm Tjak l vessel ivoy ism Iplb KOTAMAJU MJUIO9
      921 words
    • 632 38 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER IVBSa VOYAGE IU SMGAPOtf IU COUNMO ETA KAtACM MM WW W/12/W 30/12/w s*« mm 77/izm oi/di/w ot/oi/w SHAIAMM OOSHW ~~IQ/»I/W ~IS/pi/w WW ooshw iTToi/w ~nMW n/o\M shaunai mm 31/01/w ww* iq/pt/w jam mm oifaM \ynto
      632 words
    • 373 38 SIM FAR EAST 20/12 KEELUNG/KAOHSIUNG 20/12 BANGKOK 20/12 MANILA/CEBU 20/12 JAKARTA/BELAWAN/SURABAYA 20/12 PORT KELANG/PENANG/E MALAYSIA 19/12 BUSAN 20/12 TOKYO/YOKO/KOBE/NGO/OSA 20/12 HONG KONG SIN CHINA (+GD#±»*n) 20/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/UK 20/12 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SiM USA/CANADA 20/12 LOS ANGELES/NEW YORK all IPI
      373 words
    • 491 38 ffr« Singapore Soviet Shipping CPt L\\l aHi iokouoooon k\V Slrippteg Pt W33) khmm.y) cih.u7s/»wkkx VESSEL VOY SIN BOM PNG PKL BUXMOON 122N 24/12 01/01 12/01 KOTA RUKUN RKNO23 30/12 07/01 18/01 KOTARATU RTUO3I 06/01 12/01 24/01 [VESSEL VOY %m CALCUTTA SiT EPONYMA 002 25 26/121 01/01 12/01 MREGINA RGAO77 30-31/12
      491 words

  • Page 39 Advertisements
    • 860 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I rue I»n I Ism n>o Inw| cm »om |mi hyi 1 otf |uv Mr* |m» I ioT HQWH—AWCA/OW 10/12 17/H 20/12 21/12 20/12 31/12 04/0) 09/01 00/02 09/02 10/02 n/w )J/07 22/02 20/02 JIM- JIM.MIL JWLJ2U3L 10/ M 13/oTUrn ru^v^t HOftfH
      860 words
    • 1640 39 SfQH SOU tlw kw ifl rvKSftTvoria T"u»i MM ~i M i ——i i KYI ANTMES 08WA50 17.1J 0101 0441 oul SQk SB NAM l£H STQOE KOK NAGQYA ISHMZU KKYoH &nSS Ssa Jrn ?I5! !ifl! !Ji! i"! «>*wm«>AM 04U47 an an an mi mi an tt K n an Mo*a« an
      1,640 words

  • Page 40 Advertisements
    • 714 40 I VESSEL VOY SIN MAA SIN TIGER BAY 666N 14-15/12 20-24/12 28-29/12 TIGER PEARL 667N 17-18/12 22-27/12 3 -01/01 TIGER ISLAND 669N 21-22/12 26-31/12 05-06/01 TIGER SEA 668N 24-25/12 30-05/01 06-07/01 TIGER BAY 670N 28-29/12 02 OGOI 10-11/01 TIGER PEARL 671N 31-01/12 05-10/01 14-15/02 I VESSEL VOY SIN CAL SIN
      714 words
    • 712 40 El JV FREIGHT LINKS EXPRESS Te,: (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICES TO ISTANBUL (IST), IZMIR (IZM), LAEMCHABANG (LCB), PIREAUS (PIR), SANTOS (SSZ) VISStL fTD MN FTA IST ETAIZM ETA Ml ETA LCB ETA SSZ WISER BRIDGE V2SSOW 19/12 12/01 CONTSHIP ACTION VSI44 21/12 09/01 06/01 SEA
      712 words
    • 1186 40 lOOCL (Singapore) Pie Ud CFS K«pp«l 79 Aatw Road 121-04 (S) *****6 Mk 513 #01-121 CI NO **********0H 1*272 7127 hr MM f r-— J*.*****13 F« 221 3942 F«: 272 7825 1 H*fl J (ffi))! Z IMoioySKj) sdn Bhd (Reg No. *****2-Ul cw PCTAJJNG JAVA fct 03-756 777* F«: 03-754
      1,186 words

  • Page 41 Miscellaneous
    • 114 41 LEGEND R Thunderstorm T emperoture *q 7. W th#r f) d" r *c' on with speed m knots Cloudy Sky Wave height Swjoe# winds or* indicated by orrows which Hy with the wind One fu. circle repent, cokr, or bght ond vonobl. W One h<* Heche reoresents S L L-»
      114 words