The Business Times, 22 December 1998
1998-12-22
1
38
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The Business Times
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Title Section14 1998-12-22 1 MITA (P) ()4(V12/!)8 THE BUSSINESS TIMES SINGAPORE Internet http://business-times.asial.com.sg/ TUESDAY, DECEMBER 22, 1998 85«14 words
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Article67 1998-12-22 1 Dsn (-8.23) jmn-m kl 104.46 (-1.89) □smsci ruruiEs 2MJI (-1.75) ETI MARKET HOOD: ÜBai STOCK MASKET INDICES Monday Change KLSEOOMP MM NIKKEI iilOM -41J4 HANO SENO I MM.01 >169.78 SET INDEX 117.17 4.71 JAKARTA COUP _4K» MANILA COUP —1,873.15 -IUI taiph wpi UH&a *mn SEOUL COMP S6U7 +4ttt67 words
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Article66 1998-12-22 1 —■■■Ill USS St UBJ 1J49 £{USS/S$per£) 1.684 1771 DM MM om YEN 1141 1.434* KM 18N 1434 HK* 7.747 till BART 3113 0.946 HJPIAH 7,666, PUXE BATES SINGAPORE* HI KUALA LUMPUR 11.60 JAKARTA J8M BANGKOK 14.76 MANILA OJI HONGKONG 10.25 TAJFH v &8» SYDNEY 8.46 TOKYO >■ SEOUL 14.9666 words
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796 1998-12-22 1 Lilian Ang - S'pore property market in danger of sliding farther, they warn By: Lilian Ang [SINGAPORE] Singapore's top property consultancies have submitted a joint report to the government urging it to further rein in residential land supply, and help stimulate private housing demand. The five796 words
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Article, Illustration724 1998-12-22 1 Anthony Rowley - Japan's debt will hit new high with FY99 budget of 82t yen From Anthony Rowley in Tokyo FOLLOWING the Japanese government's warning over the weekend that the economy would contract by a record 2.2 per cent in the current fiscal year,FILE PHOTO - 724 words
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370 1998-12-22 1 R Sivanithy - Windfall for Seoul stocks; HK, Taipei score good gains By] R Sivanithy [SINGAPORE] Asian financial markets yesterday presented an indifferent face to US President Bill Clinton's weekend impeachment, with only the US dollar appearing to be dented by the historic decision on Capitol Hill.370 words
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Article92 1998-12-22 1 Reuter AFP [NEW YORK] WaU Street gave its verdict on the decision of the House of Representatives to impeach President Bill Clinton, rising straight from the opening bell yesterday morning. By 12 noon EST, the blue chips index was up a convincing 164.52 pointsReuter; AFP - 92 words
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500 1998-12-22 1 Eugene Low - Electronics exports continued to weaken, shrinking 7.6% By] Eugene Low [SINGAPORE] Singapore's non-oil exports continued to decline in November, falling 6.5 per cent year-on-year as electronics exports persisted in their downward slide. The contraction surprised economists, who had generally expected a much500 words
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Advertisement153 1998-12-22 1 DBBPB Thanks wp kr DBS S&P affirms its A rating for DBS Bank following the group's announcement of its plans to acquire Hongkong's Kwong On Bank, Pf 15 y Umwl f ATWl'l fl||M jltlii ncppci umiu a urxcuic approach to ihe development of its SOOha resort in flDftwa the project153 words
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Advertisement15 1998-12-22 1 Mora reports Clinton lawyers planning vigorous defence, Pg 11 Seoul stocks soar, won gains, Pg715 words
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Advertisement161 1998-12-22 1 *111 be back^j^^K" -SohCheeWen The controversial Malaysian businessman, mired in his business debacles, says he's ;r r taking responsibility for what happened and will start jMM climb back. -~l| ■Pa 17 jßfl|J|^Kl j Invented for you The Type XX Aeronavale chronograph has a doubly prestigious heritage. It is true to161 words
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Advertisement10 1998-12-22 1 Electronics stocks fall on back of export data, Pg 1510 words
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SINGAPORE AT HOME & ABROAD
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353 1998-12-22 2 Jennifer Lien - This is to manage cash and purchasing functions of its regional operations By, Jennifer Lien JAPAN-BASED automotive components maker Denso Corp has set up a $115 million holding company in Singapore to manage the cash and purchasing functions of its seven353 words
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293 1998-12-22 2 Reuters MORE than 1,000 people evacuated Singapore's American Club at mid-day yesterday after a threat against Americans in Singapore. A senior club manager said he estimated that more than 1,000 members, guests and staff were in the club, near the heart of Singapore'sReuters - 293 words
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172 1998-12-22 2 SINGAPORE Airlines and Air Canada have formed a strategic alliance to improve their services between Canada and Southeast Asia. This further strengthens the aUiance the two airlines each have with Lufthansa, Scandinavia Airlines, Ansett Airlines and Air New Zealand. A memorandum of understanding confirming172 words
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Article, Illustration637 1998-12-22 2 Rahita Elias - Fewer big spenders; rhangA in customer profile at Larry Jewellery By: Rahita Elias EVEN the well-heeled have been hit by the economic downturn, it seems. The wellcoiffed tai-tais as well as the once free-spending Japanese and Indonesians have not totally disappeared from the upmarket boutiques,FILE PHOTO - 637 words
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149 1998-12-22 2 Reuters GERMAN airline Lufthansa AG said yesterday it was launching novel live Internet auctions in Asia for the sale of its air tickets. The auctions would be held in Singapore, Bangkok and Kuala Lumpur on Jan 15 at its InfoFlyway Web site located atReuters - 149 words
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Article427 1998-12-22 2 Anna Teo - eye on the economy Exchange rate Byi Anna Teo ACCORDING to the latest Big Mac index, and against the run of opinion of most economists, the Singapore dollar, like just about all the other Asian currencies. is undervalued by 26 per cent against the greenback,427 words
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Page 2 Advertisements
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Advertisement89 1998-12-22 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement29 1998-12-22 2 FJ Benjamin expects better results, Pg 15 1- 11 AJ ..'lll I'J. < «U Make The Straits Times Classified your first pit stop when shopping for your car or motorbike.29 words
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FOCUS: PROPERTY
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Article, Illustration1081 1998-12-22 3 Quak Hiang Whai - Keppel Land's approach to Kunming devt allows resort to take shape according to investors' demands Fromi Quak Hiang Whai in Hongkong IT'S almost midnight in Kunming and Lim Chee Onn still can't contain his enthusiasm when he talks about the two 18-hole courses at theFILE PHOTO - 1,081 words
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Advertisement149 1998-12-22 3 IFIMue-^or-JHoncy^l Christmas INew jjfc International Buffet Menu Assorted Cold Cuts Ricotta Baked Mussel, Roast Turkey with Traditional Sauce Chicken in Mulligatawany Sauce Roast Leg of Lamb Fusili with Chicken Tempura Prawns many more •w''• M*' t r >:V A v 24, 25, 31 December 1998 01 January 1999 Lion City149 words
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Advertisement162 1998-12-22 3 Discover more than just cost-savings in voice communications. j~j y Service Level Guarantee" 1,1-1 Flexibility J Savings i Cost Control Management W jjt Sing Tel VPN Sing Tel Virtual Private Network (VPN) is a global voice fietwork designed control to private dialing telephone number requests. specially for businesses. It's a162 words
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Advertisement303 1998-12-22 4 Smm FINEPLAS fiV PRECISION INDUSTRIES PTE LTD X W No. 5, Kallang Way 2k, Singapore 34 7494. IW TEL 842 2088 (5 UNES) FAX: 745 7088 Cert,clte N AJA9e 131 Quality mi mm WITH CMRftP^FMFMT F' 1989 ineplas was established in 1989 I (•ijli IU^HI as a specialist in the303 words
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REGION
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Article, Illustration600 1998-12-22 5 ANWAR'S TRIAL Former deputy premier's adopted brother freed on bail pending appeal AFP [KUALA LUMPUR] A star witness who lodged accusations of sexual misconduct against Anwar Ibrahim took the witness stand for the first time yesterday and told how sheAFP - 600 words
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154 1998-12-22 5 JAKARTA Reuters Bloomberg INDONESIAN foreign investment approvals, a key measure of investor confidence, plunged 50 per cent in the year to Dec 15, as the rupiah's collapse and rising social unrest scared away investors. Investment Minister Hamzah Haz said the value of foreignReuters; Bloomberg - 154 words
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302 1998-12-22 5 HANOI Revoked licences point to worsening business scene AFP VIETNAM'S government has revoked licences awarded to foreign investment projects worth US$l.74 billion (552.9 billion), an official said yesterday, in a move signalling the country's deteriorating business environment. The projects cancelled by theAFP - 302 words
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428 1998-12-22 5 SHANGHAI Fears stricter law may chase away speculative foods Reuters CHINA'S stock trading has slowed to a crawl as nervous investors await a final version of the draft securities law, to be reviewed by lawmakers starting tomorrow, analysts said yesterday. Turnover for both domestic currencyReuters - 428 words
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488 1998-12-22 8 SEOUL HSBC said to have finished due diligence last week; MOU expected by year-end Reuters A UNIT of HSBC is expected to take over one of two nationalised South Korean banks, an important stfcp in the government's drive to put itsReuters - 488 words
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248 1998-12-22 8 SEOUL Bloomberg SAMSUNG group, South Korea's second-largest conglomerate, said yesterday it won't accept the government-man-dated swap of its auto unit for rival Daewoo group's electronics business unless Daewoo pledges to continue building Samsung cars. The impasse which has already cost the jobs of a senior cabinetBloomberg - 248 words
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Article, Illustration353 1998-12-22 8 TOKYO He's expected to quit leadership of his LDP fiction today Bloomberg KIICHI Miyazawa will likely stay on as Japan's finance minister, in spite of his comment last month that he may resign by the end of the year, according to rulingBloomberg; FILE PHOTO - 353 words
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465 1998-12-22 8 TOKYO These include abolition of withholding tax for non-residents FT JAPAN will abolish withholding tax for non-resident investors in the government bond market from next September to make it more attractive to international investors. As part of a new effort toFT - 465 words
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208 1998-12-22 8 HONGKONG AFP HONGKONG'S corruption cases rose 20 per cent in the first 11 months this year amid the economic difficulties being suffered by the territory, figures showed yesterday. Hongkong's anti-graft body, the Hong Kong Independent Commission Against Corruption (ICAC),AFP - 208 words
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Page 5 Advertisements
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Advertisement81 1998-12-22 5 *"iJSHMW .tiKII^^HH^BI mS* j^l Ii H^B «fc jrA.. W "I((H| its —W^l—— Mh- &L I *95 F Hr r*^dprM ,l>^: *¥iiimh ~<#«4 r m You never A actually own a Patek Philippe. PATEK Philippe 7 GENEVE You merely look after it for the next generation. The new ladies' Travel Time81 words
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Advertisement27 1998-12-22 6 v' ftitgd There's platinum, and there's American Express Platinum. Expressions of interest for the American Express® Platinum Card can be made by calling 1800 392 1177. Cards27 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration535 1998-12-22 7 SEOUL But experts warn it's too early to declare end to crisis as faults still lurk in the real economy AFP SOUTH Korean share prices rocketed 7.7 per cent and the won firmed yesterday on hopes of a sovereign ratingsAFP; Source: Bloomberg - 535 words
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247 1998-12-22 7 HONGKONG Bridge News HONGKONG'S Law Reform Commission (LRC) will introduce a statutory corporate rescue scheme soon to help financially troubled companies, the government said in a statement yesterday. The proposal is undergoing consultation, which will end on Feb 28. "The intention isBridge News - 247 words
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386 1998-12-22 7 TOKYO Drop is first in more than two years; yen surge, export dive of 13% cited AFP JAPAN'S trade surplus in November fell for the first time in more than two years as exports to the US and cri-sis-hit Asian neighbours slumped, the financeAFP - 386 words
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344 1998-12-22 7 Reuters [TOKYO] The Asian Development Bank is preparing to help underwrite between US$2 billion and US$3 billion (between 553.3 billion and 554.9 billion) in new loans to the Asian economies most directly hit by the regional crisis, aReuters - 344 words
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168 1998-12-22 7 Bloomberg [KUALA LUMPUR] Malaysia will ask Japan for US$5 billion (SsB.2 billion) in loans under the Miyazawa plan, Second Finance Minister Mustapa Mohamed said. "The money will assist in our domestic economic recovery efforts," Mr Mustapa said at a signing ceremony withBloomberg - 168 words
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Article, Illustration519 1998-12-22 7 Quak Hiang Whai - Nov CPI falls 0.7% year-on-year; all key inflation sab-indices show declines From Quak Hiang Whai in Hongkong ENGULFED in its worse recession in more than two decades, Hongkong has recorded deflation for the first time in over 23 years. The HongkongFILE PHOTO - 519 words
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Advertisement126 1998-12-22 7 (1 ll ideas as fast as you them down. B P J Like focusing attention on the 1 V on taking notes. V J Like displaying M k a/id editing ideas JMu printing notes 1 B in color. directly from the board. +5?" 1 Ato mouse clicks. keystrokes. 1 >/126 words
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Advertisement55 1998-12-22 8 MONT BLANC i V- Jo*»' 4 to VT True friends are .> reserved for those who take their time. pWWR>wJB Solitaire St?rhu% Siltvr \jL THE ART OF WRITING Writing Instruments Watches Leather Jewellery Eyewear Monthlanc Boutiques: Ngec Ann City #01 32, Raffles City HOI-37A, Paragon #01 18 Corner: Watch Palace55 words
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Advertisement143 1998-12-22 9 Cindy Crawford's choice wlvJf- MRl^'£«->. hH H JIT -9k A -ife'"-- H ik, ■•fft I In|.| M| I L I m v < Kv. "a HP Hi ;<iij^pfw* ■J |Hb H Wmm^^MmEmLB --v v fcM/«^»»*. I^H I 'U ill I Wlu mJ/J I mm Km imm liJ iI IIM Mil143 words
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THE WORLD
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520 1998-12-22 10 WASHINGTON Deteriorating conditions in Japan, Russia, Latin America cited Bloomberg THE International Monetary Fund has lowered its projection for 1999 world economic growth for the second time in three months, citing deteriorating conditions in Japan, Russia and Latin America. The IMF forecastBloomberg - 520 words
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199 1998-12-22 10 SAO PAULO AFP FACED with a national economic crisis, industry and union leaders in Sao Paulo, Brazil's powerhouse state, were set to launch yesterday "a pact to increase production and employment" protesting government economic policies. Gathered at the headquarters of the powerful Sao PauloAFP - 199 words
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Article, Illustration250 1998-12-22 10 FRANKFURT Reuters GERMAN police said yesterday they were investigating whether three train mishaps, including a derailment, were linked to recent blackmail threats against the country's railway operator Deutsche Bahn. A train narrowly escaped derailment in Berlin late on Saturday after it went over concreteReuters; REUTERS - 250 words
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295 1998-12-22 10 LONDON Inflation seen falling from 2,5% currently to in 2002 AFP THE British economy is likely to fall into a deflationary spiral early next decade for the first time since the *****, now that the inflation dragon has been slain, a research bodyAFP - 295 words
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725 1998-12-22 11 CLDrroirs impeachment They also seek compromise but this may fail as he's not prepared to confess to charges NYT [WASHINGTON] US President Bill Clinton has adopted a two-track approach to his pending impeachment trial in the Senate, preparing to mount a vigorous legal defence whileNYT - 725 words
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Article, Illustration289 1998-12-22 11 WASHINGTON AFP REPUBLICANS on Sunday pledged a "fair and impartial" Senate trial for US President Bill Clinton as his legal team pondered an aggressive legal strategy to salvage his embattled presidency. Don Nickles, the No 2 Republican in the Senate, told Fox television thatAFP - 289 words
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162 1998-12-22 11 WASHINGTON AFP MOMENTUM gained for a quick end to President Bill Clinton's impeachment process as two prominent senators yesterday called for a speedy trial and former US leaders urged a reprimand. The House vote to impeach Mr Clinton on Saturday sends theAFP - 162 words
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385 1998-12-22 11 LONDON Iraqis 'very adept' at moving weapons ont of harm's way AFP THE military success of the four-day US-British bombing blitz against Iraq is far from clear-cut, British military analysts said yesterday. Nick Cook, aviation editor at Jane's Defence Weekly, saidAFP - 385 words
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Article349 1998-12-22 11 BAGHDAD AFP IRAQ revealed yesterday it had tightened security to repel any coup attempts, as Saddam Hussein met his top aides for the first time since the devastating US and British air strikes. UN aid staff were preparing to return today after the four-dayAFP - 349 words
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Page 10 Advertisements
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Advertisement1883 1998-12-22 10 it gfc T F ST w Expression Meaning 1 MLb I TAT ICC CIKIA AJ/*C I 1111 VI r\ "CDP* or "Depository" The Central Depository (Pte) Limited V I I LCC I iniMni\*C "Depositor* and' Depository Register" have the respective meanings ascribed to them in Section 130 A of the1,883 words
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Page 11 Advertisements
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Advertisement64 1998-12-22 11 O DBS CARD CENTRE elite K •l 5 S S ii U II st 51 45 s 5 77?e friendship that matures like wine. The cheers that evaporate with time In fine company, you discover an aura of unique companionship. I And fleeting moments of joy. 11 Precious values that64 words
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Advertisement7 1998-12-22 11 Editoriak Allied claims ring hollow, Pg 127 words
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EDITORIAL & OPINION
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Article, Illustration770 1998-12-22 12 Shada Islam - BOTTOMLDVB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT THEY will soon be celebrating the launch of the euro. But with barely two weeks to go before the single European currency is born on Jan 1,1999, the770 words
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Article130 1998-12-22 12 They really drilled me on every bump and curve of it, and it was the best sales job I've ever done. Only, they forgot to pay me.' Mark Goldstein co-founder of closely held Goldtouch Technologies, which filed a lawsuit for US$l billion (SSI. 64 billion) and claims130 words
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Article682 1998-12-22 12 EDITORIAL THE claims of success in the latest onslaught against targets in Iraq have an all-too-familiar ring that harks back to the days of the body count in Vietnam. Eleven facilities capable of producing long-range missiles or possibly producing chemicals and biological agents were struck, the682 words
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Article, Illustration1031 1998-12-22 12 Anthony Rowley - Lifting of ban on mutual fund sales by banks may see more savings shift to equity investments By. Anthony Rowley The writer is BT's Tokyo correspondent WHAT looks set to become a backdoor revolution is getting under way in Japan with the liftingFILE PHOTO - 1,031 words
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Article, Illustration567 1998-12-22 12 Tony Blair - By' Tony Blair The writer is Britain's prime minister BRITAIN is the best place for Asian businesses to benefit from the new European single currency when it is launched on Jan 1,1999. From then, 11 countries, stretching from the Arctic Circle to the567 words
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Article386 1998-12-22 12 US electorate's dilemma THE question which troubles the electorate is whether, in impeaching a president who demeaned his high office not by his private behaviour but only by his perjury, they risk the stability and prosperity of the USMr Clinton has pledged that he will not386 words
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EXECUTIVE LIFESTYLE
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Article, Illustration637 1998-12-22 13 MARTIN BARTEL - Augment the season's presents with this ultimate compliment, suggests marten bartel MARTIN BARTEL Father Martin is an associate professor and president of Saint Vincent College, Latrobe, Pennsylvania, NOT long ago, I came across a short quote attributed to Mark Twain. This noted author said: "I637 words
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279 1998-12-22 14 PROFILE Reuters AN Australian magazine reported yesterday that media tycoon Rupert Murdoch, 68, plans to marry Wendy Deng, a 31-year-old executive of his Hongkong-based Star Television service. The women's magazine New Idea said Mr Murdoch had proposed to Ms Deng and sheReuters - 279 words
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Article, Illustration1262 1998-12-22 14 LESLEY DOWNER - Love on the Net or the rocks Lesley downer checks out the dating business LESLEY DOWNER FT AS Zsa Zsa Gabor once said: "I want a man who is kind and understanding. Is that too much to ask of a millionaire?" Debra Willis is a good-looking, bubbly 35-year-old banker inFT; FILE PHOTO - 1,262 words
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Article, Illustration584 1998-12-22 14 HEALTH Knowledge can lead to cures, but also discrimination Reuters LIFE insurance companies in this brave new world could refuse cover to someone diagnosed as likely to contract a debilitating disease, no matter when it may strike. A crippling disease like Huntington's a disorderReuters; FILE PHOTO - 584 words
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Page 13 Advertisements
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Advertisement144 1998-12-22 13 Where to wine, dine and entertain... ham t New purchases Insurance, CAFE PLAZA PLAZA BALLROOM Christmas Ewe QC New Year's Christmas Day Kiddy i Eve Candlelight Set Dinner Lunch Galore #45 per person with a glass (11.30 am 3.00pm, 25 Dec) of champagne 6C novelties $18 (Child) $25 (Adult) International144 words
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Advertisement235 1998-12-22 13 24 December 1998 'I A VChiasmus Eve tjk tjS Imennanonal Buffer Dtnne* and Dance Grand Ball Room, Level 2 W JiMti 2 P cr P"" 500 $18.00+++ per child «miK (below 12 years old) J bA, Inclusive of novelties, glass of A sparkling red or white wine •vl/. 1 lucky235 words
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Advertisement108 1998-12-22 13 r BRUNCH >52.00*** PER ADULT WITH FREE-FLOW OF CHARLES I CHAMPAGNE. RED t WHITI WINE. draught tiger peer and FRESH FRUIT JUICES I I >28.50*** PER CHILD WITH FREE-FLOW OF SOFT DRINKS PAOLOJSLPING'S I PASSIONATIiy ITALIAN TASTEFULLY CHINESE ROYAL CROWNE PIAZA SINGAPORE 25 scons ROAP. SINGAPORE *****0 <, 731-7^85 sJb108 words
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Advertisement149 1998-12-22 13 "1212" LUNCH PROMOTION. (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. r ii 2k [mm] Wg awrter awirt* Mon Chicken Rice $8.50 $1.00 $4.25 Tue NatfGortng $7.50 $2.00- $3-70149 words
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Advertisement149 1998-12-22 13 .-'W r M -tfar/c' 'Th* -Herald, 'Ballroom 'Dancuiff at Thc Ne P tune 00 Christmas Day with seafood offerings lucky draw prizes! Date: 25 Dec 1998, Bpm Pricing: $40 nett per person (with dinner) V $18 nett per person (one standard drink only) Reservations: 224 3922 ""IT* o<*fOm '~|f|" 7«fc149 words
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Page 13 Miscellaneous
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Miscellaneous1122 1998-12-22 13 CRYPTIC CROSSWORD 1 Almost within range? (4,6) 9 You might say it when offer- ~HH |H| Hi ing a gift —or present (4) Mi BB Hi Lh 10 An improvement in culture HB 11 Publications for entertainers? 12 On board get rotten seats BV— 15 Refuse to go through all1,122 words
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Page 14 Advertisements
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Advertisement42 1998-12-22 14 ||ganH^^^^n jj^Hp^ y //Ji^H v^^B m*t ■^HBHHHHHIHjHI nautica V |^L^ a s Nautica Boutique at Ngae Ann City 1 Royal Sporting House Tanglin Mall Suntec City Millenia Walk j^£ J Stadium by Royal Sporting House, Ngee Ann City ROW SPOtmNO NOUS OHOUP £»>42 words
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Advertisement21 1998-12-22 14 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified cat a Service21 words
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COMPANIES & MARKETS
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471 1998-12-22 15 Wong Wei Kong - Rapid pace of acquisitions, higher HE exposure pose concerns, it says By' Wong Wei Kong [SINGAPORE] International rating agency Standard Poor's yesterday affirmed its A rating for DBS Bank following the group's announcement last week that it was acquiring a471 words
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229 1998-12-22 15 [SINGAPORE] Star Hub, which won a licence earlier this year to provide fixed and mobile telecommunications services in Singapore from April 2000, yesterday announced that it has agreed to buy Internet access service provider (lASP) CyberWay from Singapore Press Holdings Multimedia (SPHM)229 words
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272 1998-12-22 15 R Sivanithy - By. R Sivanithy [SINGAPORE] Listed stockbroker Kim Eng Holdings yesterday posted half-time results that served as a grim reminder of the Asian economic crisis a net loss of $7.46 m&ion £rtr the six months eSjj&t-SepCatf compared to a $15*0 million profit in272 words
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663 1998-12-22 15 Conrad Raj - IXCCIZ LOCK SIEW Conrad Raj Holdings, thairi* arm of the Sftk gapore government, duly 1 reported recently thjrt.its' HP holdings in several listed companies had gone up. v That should excite the stock jnarr fcfet, and It did.. If663 words
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278 1998-12-22 15 Jennifer Lien - Uy Jennifer Lien [SINGAPORE] Electronics stocks fell yesterday after the Trade Development Board announced weaker-than-expected trade data yesterday afternoon. After hitting a day's high of 92.36 shortly before the noon break, the Stock Exchange of Singapore electronics index began278 words
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Article, Illustration426 1998-12-22 15 Rahita Elias - It says it was quick to close marginal outlets and brands Rahita Elias '.{SINGAPORE] Upmarket re- tailer F J Benjamin Holdings expects to see an improvement in operating results in the current financial year, despite the economic downturn and the poorFILE PHOTO - 426 words
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REGIONAL COMPANIES
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Article, Illustration442 1998-12-22 16 David Boey - It is the second protest held over land compensation By'. David Boey [SINGAPORE] Angry villagers last Saturday blocked roads leading to the Bintan beach resorts run by a unit of listed SembCorp Industries (SCI) and the Indonesian Salim Group, but learnt that theirFILE PHOTO - 442 words
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172 1998-12-22 16 Reuters [KUALA LUMPUR] Shares of Malaysia's Ekran Bhd fell sharply yesterday due to forced selling of the stock by a Singapore-based bank, an industry executive said. The Ekran shares were held by the bank in conjunction with a loan taken out by Ekran groupReuters - 172 words
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114 1998-12-22 16 Peter Chia - LETTER TO THE EDITOR Peter Chia Public affairs manager Stock Exchange of Singapore Ltd WE refer to Mr Tan Kok Tim's letter, "Put SES report online" (BT, Dec 9), suggesting that SES disseminate its weekly Financial News electronically on the Internet rather114 words
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440 1998-12-22 16 Eddie Toh - Danamodal expected to drop earlier plan to acquire 30% block From Eddie Toh in Kuala Lumpur MALAYSIA'S investment arm Khazanah Nasional Bhd has announced its intention to take a 30 per cent stake in RHB Bank, which is currently controlled440 words
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186 1998-12-22 16 Reuters [BANGKOK] The Stock Exchange of Thailand (SET) said yesterday it had instructed Thai brokers not to accept trading orders from Vickers Ballas and Co Pte Ltd (Singapore) after the company was found to have breached its rules on trading commissions. A SET officialReuters - 186 words
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CORPORATE FOCUS
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Article, Illustration1366 1998-12-22 17 Eddie Toh - Controversial Malaysian businessman Soh Chee Wen has lost almost everything in the business world and the political arena. He tells BT what went wrong in a recent interview. "It's been a humbling experience but I will be back," he stresses. From Eddie Toh in1,366 words
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FINANCE & COMMODITIES
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568 1998-12-22 18 It has handled 15 mergers valued at USslo.4b so far this year, says data firm Bloomberg [HONGKONG] Goldman, Sachs Co, the biggest adviser in US mergers and No 2 in Europe, is dominating takeovers in Asia as clients from ProcterBloomberg - 568 words
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191 1998-12-22 18 Bloomberg [LONDON] Standard Chartered Pic has agreed to sell Prudential Corp Pic's life insurance in Hongkong and Singapore. Prudential will use the bank's extensive Asian branch network to increase sales of life insurance and pensions. The UK's ninth largest bank said the ventureBloomberg - 191 words
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286 1998-12-22 18 Reuters Bloomberg [LONDON] Buy-outs in Britain slumped in value and volume terms in the fourth quarter and are unlikely to recover well into the second half of 1999, leading advisory firm KPMG said yesterday. Its latest study concluded that the value ofReuters; Bloomberg - 286 words
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435 1998-12-22 18 Consortium could get some of its investment back in 1999 FT [NEW YORK) The consortium of financial institutions that rescued Long-Term Capital Management from bankruptcy has so far made a return of 11 per cent on the U553.62 billion (Ss6 billion) it putFT - 435 words
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Article, Illustration353 1998-12-22 18 FT [PARIS] Air France expects to raise between 3.5 billion and 4 billion francs (between Ssl billion and SSI.2 billion) when it makes its stockmarket debut with an initial public offering expected to take place in the first halfFT; FILE PHOTO - 353 words
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443 1998-12-22 18 It will also inject £800 m capital in expansion move Bloomberg [SYDNEY] AMP Ltd, Australia's largest life insurer, said it will acquire Britain's National Provident Institution (NPI) for £510 million (Ssl.4 billion) and a capital injection of £800 million. "The purchase priceBloomberg - 443 words
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219 1998-12-22 19 Neil Salter, Jardine Fleming - Nt mux Reports MSCI Singapore Index Neil Salter, Jardine Fleming THE MSCI Singapore contract opened up much firmer yesterday morning on the back of a stronger performance from the Dow on Friday. But, this proved to be a false dawn for the longs in219 words
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163 1998-12-22 19 Charlie Kua - MSCI Taiwan ftitures Charlie Kua THE Simex MSCI Taiwan Stock Index futures rose as the government said it would ease some investment regulations to aUow its stock market stabUisation taskforce to purchase shares. The December contract soared 4.8 points to 268.4 points at163 words
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333 1998-12-22 19 ENERGY REPORT Reuters [LONDON] Glutted oil markets slumped to fresh lows yesterday after Iraq's exports survived a four-day military onslaught against Baghdad without disruption. In afternoon trading Benchmark North Sea Brent was trading down 35 cents at U559.63 a barrel after crashing toReuters - 333 words
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Article327 1998-12-22 19 Bloomberg New York THE dollar rose against the mark and yen as US stocks rallied and on expectations President Bill Clinton won't be removed from office by the Senate. "Stocks are up. and that's impetus for some people to buy dollars." said Kevin Lawrie, a manager of foreignBloomberg - 327 words
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Article, Illustration1214 1998-12-22 19 NTERBANK CROSS RATES Oec2J A$ C$ Rwfc ECU Ffr Dm HK$ Irx) Bupiah Yw Won M M$hlh S$ Nwd Sfr WT$ MX Hmt US$ Australia 0.961 6.178 0.525 3.456 1.030 4.809 26.*****.580 0.713 7.412 2.359 1.186 32.*****.209 1023 3.662 0.835 20.022 22.431 0369 OjUI' C«wkU 1040 5.360 0.546 3.595 L0721,214 words
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Article1906 1998-12-22 19 SICOM FUTURES ~Dev2i RUBBER (futures closing as «t 5JOpm) RSS1 CONTRACTUS cwtsAg) Close Volume Opto Month High Low Sett (tonnes) Interest Jan 99 ***** 150 Feb 99 104.75 1175 Mar 99 107.00 1275 Apr/Jon 99 113.00 1H.50 111.50 600 2250 Jvi/Sep 99 116.25 116.25 116.00 300 300 Oct/Dec 99 119.501,906 words
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Article, Illustration1366 1998-12-22 20 Reuters AFP P Hang Seng +169.78 STOCKS kicked off the week on a firmer note as the market welcomed local interest rate cuts. The Hang Seng Index gained 169.78 points, or 1.66 per cent, to finish at 10,396.01 after retreating from an in-tra-day high of 10,469.56. The rally wasReuters; AFP - 1,366 words
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Article, Illustration556 1998-12-22 20 Reuters Q Shenzhen B Index *0.46 SHENZHEN'S hard currency B Share Index closed stronger yesterday, buoyed by firm gains in the neighbouring Hongkong stock market, analysts said. The B Index rose 0.46 of a point to 51.34 on turnover of HK$4.2 million. "Hongkong was a major factor today," aReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 556 words
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Article356 1998-12-22 20 AFP QWP Index +80J7 TAIWAN share prices rose 1.2 per cent yesterday on official attempts to boost the sagging market, analysts said. The Weighted Price Index rose 80.17 points to 6,558.28. "This rebound was largely made possible by the government's attempt to stop the falls throughout last week," saidAFP - 356 words
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Article2325 1998-12-22 20 LONDON l-U A—1 inousimis D«c 21 Ptnc* 31 Croup 559 000 4.000 AB Ports 275.000 -2.000 Abbey National 1214.000 31.000 Allied Domecq 547.400 14.800 Allied Zurich 895.000 19.000 Am« 179.000 +1.000 As aa Group 158.400 7.400 BATInd 565.400 *23.400 BC Pic 392.600 -2.400 BICC 58.000 -1.000 BOC2,325 words
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Article1610 1998-12-22 20 Bloomberg D Nikkei 225 -4L34 JAPANESE stocks traded mixed as Honda Motor Co, Canon Inc and Sony Corp slid on concern a stronger yen will shrink exporter profits. That offset gains by Hitachi Ltd and other companies selling assets and forging alliances to cut costs and boost profits. Japan'sBloomberg - 1,610 words
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KUALA LUMPUR STOCK MARKET
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Article8929 1998-12-22 21 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap HN> t—' Company Sal* 'OOO Hlqh Low P/E $mll 320 170 Ajinomoto 300 16.6 121.6 140 35 Angfcasa 85 -11 86 91 85 125.3 310 123 Apollo Food Hlg 270 -10 6 280 270 9.4 108.0 388 108 Bar jaya Land8,929 words
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Article, Illustration415 1998-12-22 21 AFP Composite Index -*-0.43 MALAYSIAN share prices closed 0.1 per cent higher yesterday due to buying support extended by local institutional investors for index-linked stocks. "Institutional support on index-linked stocks such as Maybank and Tenaga kept the index barely higher," a dealer said. The Composite IndexAFP - 415 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2063 1998-12-22 22 BONOS, LOANS ft WARRANTS «rt 1998 Last Vol Diy Last Ouoto A«g HHjft LOW Stno Company SaM ♦ar- COOO) High Law Buyar Satlaf Prtca 20.5 3 3160 "Acar ******1 USS 12.5 0.5 133 12.5 12 11.5 12.5 95 4.5 3164 Acma ******4 IS -IS 364 16 15 15 15.5 162,063 words
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Article233 1998-12-22 22 HONGKONG STOCKS Gr Or 1998 Last V« Day Last Quoit Otv Dty YM Nat M Cao High Low Stna Company SHa COOO) HtgH Low Buyar Sa«ar C w H P/C $mw 400 250 5123 COL (2000) MK 400 8 2.4 2 205 7744.7 5124 Cathay Pac 20c MK...720233 words
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Article185 1998-12-22 22 R Sivanithy - WARRANT WATCH -By R Sivanithy INDONESIA-LINKED stocks seem to have fallen out of favour lately after surging in high volume a few weeks ago, they have all retreated in low volume. This is typical of these counters. Every so often in the past few185 words
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Article263 1998-12-22 22 AFP +39.92 NEW Zealand shares closed 2 per cent stronger yesterday as offshore institutions bought on expectations of an economic recovery next year. The NZSE-40 Index closed at 2,062.00, up 39.92 points, on turnover of NZ5107.27 million. Telecom Corp was up 25 cents at NZ$B.42. AFP tttZl *tt (OOP)AFP - 263 words
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Article, Illustration738 1998-12-22 22 AFP n SET Index -4.75 THAI shares closed down 1.4 per cent yesterday in light trade with many investors seen cashing out ahead of the Christmas holiday, analysts said. The market ignored the impeachment of US President Bill Clinton, one local analyst said, adding that foreign investors would likelyAFP - 738 words
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Article423 1998-12-22 22 AFP n Composite Index *40.42 SOUTH Korean share prices soared 7.7 per cent yesterday in heavy trade on hopes of an upgrade of Seoul's sovereign ratings by Moody's Investors Service, dealers said. A substantial rise in the Korean won against the US dollar helped boost sentiment, they said, addingAFP - 423 words
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Article606 1998-12-22 22 AFP CI All Ordinaries -IL3 SHARES closed down 0.4 per cent in quiet trade yesterday as the market anticipated losses on Wall Street over the impeachment of President Bill Clinton, brokers said. The All Ordinaries Index dropped 11.3 points to 2,738.0. The All Industrials Index dropped 19.3 points toAFP - 606 words
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Article, Illustration728 1998-12-22 22 AFP Composite Index +0,54 INDONESIAN shares yesterday closed barely higher on a lack of fresh incentives and liquidity support ahead of the holiday season, dealers said. "I think no more foreign investors are staying in this market. Most of them have gone on holiday," a dealer at a foreignAFP - 728 words
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Article329 1998-12-22 22 AFP Q Manila -1121 SHARES closed 0.7 per cent lower yesterday with investors showing little interest in the market, analysts said. "They (investors) want to remain liquid in preparation for the next year," said Ricardo Lorayes of Unicapital Securities Inc. The Composite Index fell 13.21 points to 1,873.15. VolumeAFP - 329 words
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6715 1998-12-22 23 Transaction date: Dec 21 Gr Gr M Wt 1998 Last Vol Day La»t Ouote Dlv CM* VM N»t Cap Avg High Low StNo Company Sato COOOI High Low Buy or Seller Cw Pit Ww MULTHNOUSTRY 142 49.5 mt 1000 Acma 50c 68 5 -0.56,715 words
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Article1226 1998-12-22 23 Or Or m wt 1998 Lilt Vei Oey list Ouett Dlv 01* rid Net Cap A*» nm> L— StW» Ciw»n» UH COOP) HM> L— Owyar 8—»r Cw Ht >"» Mm MANUFACTURE 243 30 e 2049 AS Auto Kk 88 -3 827 134 88 88 89 ISM 7 1.7 831,226 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration446 1998-12-22 24 Stocks m—> DBS Land 7,572,000 Keppel Land50c 5,690,000 SingTel 15c 4,517,000 SM Summit Kk 4,035,000 SembCorpI 25c 3,794,000 ST Capital 25c 3,655,000 Keppel Bank 3,646,000 Magnecomp 10c 3,144,000 JSH US5c 500 2,633,500 Wing Tai 25c 2,497,000 Stocks UOB Foreign 25,363,280 OCBC Foreign 17,958,622 DBS Land 17.464.370 OBS Foreign 13,749,085 SPH446 words
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Article, Illustration629 1998-12-22 24 R Sivanithy - STOCK MARKET COMMENTARY However, broking houses remain cautiously upbeat about market direction; electronics counters fall as Nov exports figures decline R Sivanithy [SINGAPORE] As expected, activity in the local stock market slowed down considerably yesterday as the end of the year drew629 words
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ON THE GRAPEVINE
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Article49 1998-12-22 24 SINGAPORE Cable Vision (SCV) is not allowed to air condom advertisements, noted SCV programming vice-president Sandie Lee at a recent cable and satellite TV conference here. "It's caused me untold grief," she said, presumably because of all the foregone ad revenue from condom makers like Durex.49 words
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Article99 1998-12-22 24 RECLUSIVE Malaysian tycoon Quek Leng Chan's Hong Leong group may cash out of listed Advance Synergy Bhd. Several companies in the stable recently sold a total of 15 million shares in ASB, controlled by Ahmad Sebi Bakar, who is a former journalist and long-time associate of Mr Quek.99 words
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Article75 1998-12-22 24 A PRINT advertisement by Leo Burnett to warn of the risks of using anti- impotence drug Viagra took a light-hearted look at a grave matter. The black and white ad by the agency's Indian operations shows a tombstone with the epitaph: "He came, he came, he75 words
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Article99 1998-12-22 24 IMAGINE being asked how much you would like to pay for a pair of airplane tickets. Imagine getting those tickets at that price. Imagine no more. Lufthansa German Airlines will conduct a live Internet auction of air tickets in Singapore, Bangkok and Kuala Lumpur99 words
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Article89 1998-12-22 24 LIKE any other nimble enterprise, Singapore Telecom never seems to miss out on an opportunity. It has quietly and quickly seized on Indians' love for conversation whatever the distance and has set up a Callshop offering international telephone services in Serangoon Road, right in the heart of89 words
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Article, Illustration69 1998-12-22 24 Ven Sreenivasan - -by Ven Sreenivasan WING Tai Holdings, which slid three cents to $1.10 yesterday, has lost its grip on the $1.20 support level. The next critical support is at around $1.00 level. The medium-term prognosis for the stock is uncertain. A lot depends on whether current volumes can be69 words
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Page 15 Advertisements
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Advertisement103 1998-12-22 15 I .^feSMP^i Hfcf -V- r^ip=#^.'- r^gq^aj k *=-««szsrr i£k3pd Z- challenge. Now ready to share cxir horizons. and bracelet feshioned in solid gold. Vfoter-resistartt to 150 m (about 560 ft) -Screw-locked -v*r- -'««p ">—, ,1 miiii a n 5-"* JlwCb" *dE crown and case back. Folding bracelet clasp with double103 words
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Page 16 Advertisements
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Advertisement2418 1998-12-22 16 Mr "KF Warrants" warrants, constituted by the deed poll dated 19 April 1996 executed by KF, entitling the HHB H a T* 1 H I holders thereof to subscribe for new KF Shares at an exercise price of $1.30 per new KF B V m I J 1 m I2,418 words
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Page 17 Advertisements
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Advertisement331 1998-12-22 17 TheStraitsTimwi i I Wfetrlrlv KA'-m i*'-T-nta:.3» r, y HOME NEWS AT YOUR FINGERTIPS The Straits Times Weekly Edition brings you a crisp summary of the week's major news breaks reported in The Straits Times about Singapore and Asean. Covering news from social issues, politics, business, career opportunities and others, we331 words
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Advertisement92 1998-12-22 17 You have goals for your business and §»3| gSj (or yourself. But when you have a M I dream, it helps to have someone managing the details. 4353 I Talk to our group of Breakthrough tBP^ rated AAA by Poor's as a symbol of financial strength, we can address a92 words
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Page 18 Advertisements
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Advertisement592 1998-12-22 18 (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the Company will be held at News Centre, 82 Genting Lane, Singapore *****7 on Friday, January 8, 1999 at 10.30 am for the following business ■""Business 1. To592 words
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Page 20 Advertisements
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Advertisement62 1998-12-22 20 calling told*\ card we re^^\ the computer I Y ou was a N. making for Susan J I advertised in J deal .J Yup, we got what Vis going to be J Straits Times s X (we wanted because real nice! PwH rf Sl c !r Buying or selling through62 words
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Page 21 Advertisements
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Advertisement18 1998-12-22 21 H as IYnbnt*> jttxi it hill *{tnY y n jl Wednesdays Asian View by Yang Razali Kassim Theßi'sinkssTimes18 words
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Page 22 Advertisements
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Advertisement18 1998-12-22 22 j?' i .s.-» V* J&&-. ■Phiincrlairc Motoring s AA A vUL mUCvY l 3 by Christopher Tan TheßusinessTimes18 words
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Page 23 Advertisements
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Advertisement24 1998-12-22 23 View the collection at /Vb^^H Roy Eastern Watch jrgl^B EASTERN WATCH, LUCKY PLAZA, ORCHARD ROAD 734 3139 DELUXE EASTERN WATCH, ORCHARD ROAD 233 253624 words
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Page 24 Advertisements
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Advertisement998 1998-12-22 24 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES yj£f BUSINESS \offers To advertise call toll-free 1800-741 ISS3 M f J.MJIFELS I Keppel FELS Limited I I (Incorporated in the Republic of Singapore) To The Shareholders of Keppel FELS Limited ("the Company") I Payment of an interim dividend I998 words
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Advertisement610 1998-12-22 24 In the matter of THE COMPANIES ACT, CAP. 50 AND In the matter of SURFACE FILMS (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY WINDING- UP) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 51 Anson Road. #02-59 Anson Centre. Singapore *****4 on610 words
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Advertisement349 1998-12-22 24 THE COMPANIES ACT CAP. SO ENG JOO LEE PXJVATE LIMITED (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the above named company duly convened and held at 25E Sungo Kadut Street 1. Singapore *****3 on the 19th day of December. 1998 at 10.00 a.*., the special349 words
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SHIPPING TIMES
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Article287 1998-12-22 25 Bridge News Reuters THE volume of trading continues to decrease as the holidays near. Pacific Panamax rates continue to weaken and look set to slip further in January when a large number of newbuildings are delivered. Some deliveries have been deliberately delayed because of current weak trading andBridge News; Reuters - 287 words
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Article278 1998-12-22 25 •iczi a v- w CWT Distribution 0.49 unch 23 Chuan Hop 0.505 -0.005 47 Cotco invastmant 0.49 FraMtt Links 0.18 unch 580 G6 Holdings 0.365 unch 120 Hal Sun Hup 0.41 HXOOS 91 Hitachi 2osan are -0.005 44 IMC Holdings HK 5,60 J*V» Holdings 0.51 -0.01 19 Jurang278 words
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Article, Illustration445 1998-12-22 25 Marcus Hand - Risks involved in bulk shipping will be assessed and safeguards recommended By Marcus Hand [SINGAPORE] A proposal for a Formal Safety Assessment for bulk carriers has been given the green light by the Maritime Safety Committee (MSC) of the International Maritime OrganisationFILE PHOTO - 445 words
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Article, Illustration332 1998-12-22 25 Reuters [ANTWERP, Belgium] The Belgian port of Antwerp said it expected total tonnage handled in 1998 to be 120 million tonnes, a new record and 8.11 per cent up from 1997's 111 million tonnes. The port said in a statement that this made it Europe'sReuters; FILE PHOTO - 332 words
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PORT Shots
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Article95 1998-12-22 25 Reuters [LONDON] The Institute of London Underwriters' War Risks Rating Committee said it had not made any changes to cargo war and strikes risk ratings for marine and air insurance despite the US-led military onslaught on Iraq. An institute representative said all risks to Iraq wereReuters - 95 words
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Article85 1998-12-22 25 Reuters [CAIRO] Egypt's Suez Canal receipts rose to U*****.2 million (*****.6 million) in October from U*****.2 million in September, but were down on the U*****.3 million earned in October 1997, the cabinet's monthly bulletin said. In October, 1,129 vessels sailed through the waterway, comparedReuters - 85 words
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89 1998-12-22 25 AFP [PARIS] Brierley of New Zealand and Bollore of France have each sold their half stake in the ANZDL shipping line to CP Ships of Canada. The deal will raise US$55 million (5590.2 million) for Bollore. The disposal was announced in September and BolloreAFP - 89 words
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242 1998-12-22 25 FESAMECto impose charges on Feb 1 [SINGAPORE] The Far East/ South Asia-Middle East Conference (FESAMEC) has agreed to postpone the planned introduction of terminal handling charges (THCs) for cargoes out of Japan for one month until Feb 1 next year. The242 words
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159 1998-12-22 25 Bloomberg Reuters [MANILA] International Container Terminal Services Inc (ICTSI) said regulators approved a 20 per cent increase in port charges, which could boost flagging profits for the Philippines' largest port operator. ICTSI said that Philippine Ports Authority (PPA) board approved an increase in handlingBloomberg; Reuters - 159 words
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Article, Illustration1036 1998-12-22 26 Paul Kallender - E-COMMERCG AMD TRAVEL As more travel is booked online and banks start using secure all-purpose cards, e-travel will gain momentum By Paul Kallender in Singapore INTELLIGENT smart cards are what will really drive the development of e-travel among airlines and hotels, according to David Dingley,FILE PHOTO - 1,036 words
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Article221 1998-12-22 26 PACE ECl 5 ACL 6 Ewgrew f> ANL 3 FoongSun 8 Accord 8 Unk Appenstwp 5 8 Austral 8 Hai Sun Hup 8 Bali), Shpg 4 7 BSA 7 H 3 B'tanq Mas 8 Heung-A 7 CCNI 7 H Y*"KH' 7 CM* 8 »CFS 3 COSCO 5221 words
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Article17760 1998-12-22 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser vn»l Voyig* THaphona ETA ETA Advartlsar Vassal Voyaqa Talaphona SIN Oafn Nam* Nam* NumOar NumMr SIN Dast'n Nam* Noma Numbaf Numbar ■■■■HHHMMHMMMBMMMMMKMMMMMMlHaMMNHnMMatMKMaMMMMM MfaNMMMNMBHMNMffMMHHMMNMHMMMSfiMEMMMMMMI 05/01 03/02 Straits CHEMCTU V45 65-74*0710 To ABIDJAN (ABJ) 2003 Cot* D'lvoire ot/a 26/oi MscAgy msc Indonesia17,760 words
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SHIPS IN PORT
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Article786 1998-12-22 37 Vessel VoyNo Berth Arrlvel Departure Alpnaftarmoni 19 *J04 llontwM 22.12/1200 And* Wljaya *****8 JK aiongsidt 21.12/1700 *<M Lucky 07/98 J03 aiongsidt 2112/2300 12/98 JK lion?!** 22.12/2300 »i 9828 J02 aiongsidt 23.12/2300 M InUrt I ****** .01 alongside 2212/0600 «Itatika *****8 XI aiongsidt 2112/1400 BtPakistani *****8 J01 aiongsidt 21.12/2130786 words
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Article1786 1998-12-22 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bootdng/Bolonco Rstls Ship Voy No Etb/Btr Pork* From To From Aca MSI 2WOO U 21/1500 21/H59 21/1900 M 21/1500 21/1*59 21/1900 2A 2VTTOO 22/0659 22/0900 21 21/1700 22/0*59 22/0900 3 22/0700 22/1159 22/M00 4 22/1200 22/M59 22/1700 «H|l2 (34M 24/07001,786 words
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Article218 1998-12-22 37 Deo 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Deo 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: Christmas Day. France: Christmas Day. Germany: Christmas218 words
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Article802 1998-12-22 37 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 averagesized stem Market movements are Indicated The Cockett Bunker Price Index change and the individual802 words
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Article496 1998-12-22 37 Cwtoo 180 Mn 991.0 3.9 15.4 0.15 78 0.07 17 D*wrtY W«tf »esldue Art UnmHHum S«dlmnt No above £25 0 1 1 1 0 0 *5/5" 380 Ave 988.1 0.3 14.5 0.07 31 0.02 dm 380 Mai 994.2 10 19.6 0.11 61 0.06 W/W3 %«/M %M/n496 words
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AIR & LAND TRANSPORT NEWS
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136 1998-12-22 38 Reuters [NEW DELHI] International flights to and from Delhi airport have been severely disrupted by dense fog for the past few days, airline officials said. They said Air India, United Airlines, Air Canada and KLM were among the worst affected airlines. Winter fog isReuters - 136 words
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Article, Illustration43 1998-12-22 38 [LOCKERBIE] A visitor pays her respects to the people who died in the Lockerbie air disaster, in the Garden of Remembrance, at Dryfesdale Cemetery in Lockerbie, Scotland, on Sunday, to mark the 10th anniversary of the bombing of the airliner. REUTERSREUTERS - 43 words
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Article, Illustration695 1998-12-22 38 Reuters [BRUSSELS] The British airport operator BAA pic recently did some experiments to learn how the 2000 computer bug might strike. One involved turning the clock forward and putting a baggagehandling system to work. The result? "It failed to recogniseReuters; PILE PHOTO - 695 words
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Article, Illustration427 1998-12-22 38 Marcus Hand - It will sign Memorandum Of Understanding with Sinotrans today By. Marcus Hand [SINGAPORE] United Parcel Service (UPS) is to expand its network in China with new operations in 21 cities, with the signing of a Memorandum Of Understanding (MOU) to expand itsFILE PHOTO - 427 words
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365 1998-12-22 38 Bloomberg [TOKYO] Japan Airlines, Asia's largest carrier, said it will halve its fares for one month on the most lucrative and competitive route in Japan to lure recession-weary travellers. JAL said it will cut fares by half to 13,700 yen (*****.91) inBloomberg - 365 words
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180 1998-12-22 38 AFP [TAIPEI] Two competing domestic Taiwan airlines are to merge their operations in a U5543.4 million (5571.17 million) deal, a news report said. Far East Air Transport Corp. will acquire 4.72 million shares or 9.83 per cent of TransAsia Airways at a price ofAFP - 180 words
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LOG Book
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147 1998-12-22 38 Reuters [SINGAPORE] German airline Lufthansa AG said it was launching novel live Internet auctions in Asia for the sale of its air tickets. The auctions would be held in Singapore, Bangkok and Kuala Lumpur on Jan 15,1999 at its InfoFlyway website located at http://www.lufthansa.com.sg, itReuters - 147 words
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101 1998-12-22 38 AFX-Asia [SHANGHAI] Hainan Airline Co Ltd has received a 240 million yuan (5547.5 million) bank loan from the Hainan branch of the Industrial and Commercial Bank of China, the China Securities daily said. Company chairman Chen Feng was quoted as saying that the companyAFX-Asia - 101 words
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110 1998-12-22 38 Reuters [BEIJING] China invested 46.8 billion yuan (559.2 billion) in railway construction in the first 11 months of this year, an increase of 25.6 billion yuan over the same period of 1997, the Futures Daily said. China planned to invest a total 53 billion yuanReuters - 110 words
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Article1815 1998-12-22 38 CITY FU6HT ETA FUCHT CTO IH778 1450 S026 2355 AMaMa BA7381 1930 BA7382 2050 W«578 1650 LH779 2359 Of81 T930 0F82 2050 M2005 *50 N***** 2359 AN8229 2230 BA7306 1840 S***** 2359 IH6380 2230 Oft IMP S0229 2230 $0909 1730 S0990 005 Amsterdam KL843 0540 GA9721,815 words
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Page 25 Advertisements
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Advertisement20 1998-12-22 25 E-commerce and travel: Smart cards key to security As more travel is booked online, e-travel will gain momentum. Page 220 words
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Advertisement524 1998-12-22 25 UPS to add 21 cities to China network It will sign Memorandum Of Understanding with Sinotrans today. Back Page People John Oasburq, president and chief executive officer of Northwest Airlines, has entered into a long-term agreement with the company to remain in the same posts. Mr Dasburg, Hi x 55,524 words
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Page 26 Advertisements
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Advertisement230 1998-12-22 26 YEAR END LOADER TO U.S.A. VESSEL ETA SPORE ETA DESTINATIONS q CUT-OFF 1) 00CL CALIFORNIA VOY33ESOI 30/12 0900 HRS LGB-16/1 30/12 0500 HRS LAX-16/1 2) P&O NED DAMIETTA VOY 07EN01 31/12 0001 HRS SEA 17/1 30/12 2000 HRS VCR -19/1 OAK-21/1 3) CAPE CHARLES VOY 67EX52 31/12 0200 HRS HAL-22/1230 words
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Advertisement663 1998-12-22 26 Lroes servces represented fn@U!) by Members of the Registry of Accredited dipping Agents xgjfi.S/ Singapore Shipping Association ft Members of the 3 2f-l Singapore Freight Forwarders Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess Lily V 9898 2S/12/18 2S/12/98 K/91/91 Princess Lily V 9199663 words
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Page 27 Advertisements
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Advertisement736 1998-12-22 27 CFS Relocation We are pleased to advise our clients and loyal supporters that our CFS will be relocated from Block 515 of Keppel Distripark to Gdn Jl7 of Jurong Port w.e.f. 28th December 1998. Full address is as follows:Jurong Port Warehouse Jl7 37 Jurong Port Road Singapore *****0 Tel: *****12736 words
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Advertisement2383 1998-12-22 27 HANJIN SHIPPING HANJIN SHIPPING (S) PTE LTD tap //mm Iwj* cm lOOCING ********** SALES *****74 731 DOCUMENT ********** OTfUTXHS 33M341 353 MM* U« *****55 FA* 777tH0 aMO **********QM [TO NW USA CANADA I USA CANADA* [torWTvoy j ram |sm unihair/toy «T~| nw on pm r~oi MSP PTT WT FiS St2,383 words
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Page 28 Advertisements
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Advertisement1082 1998-12-22 28 DSR-SENATOR LINES NOW ACCEPTING HAIFA TO USA WEST COAST TO SEATTLE/CANADA/PORTLAND VESSEL VOY SM LGO OA* VtSgL VOY SM UA VAM P0» HMUMOSU) EFOOI 2012 (7.*1 11.01 HANJM HONGKONG EV9O2 27 12 14.01 10 01 10.01 HANJM ROME EHG2 2712 14.01 10.01 HANJM FHJKSTOWf EVOB 03 01 2101 2101 *51,082 words
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Advertisement1003 1998-12-22 28 rn. AM MAU-NELS S PORE MSIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I I IV/ J OB MO 1X*****0000C SOU: (064) *****9 MANILA: (632)*****24 W PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KEIANQ: (03) *****77 JKT (21) *****07 MON: (61)*****3 KUCHINQ (062) *****1-3 BOMBAY1,003 words
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Advertisement653 1998-12-22 28 LINE BS t jA TILs *****56 FAX: *****12 1 MUARA LABUAN msa vot no m vessh vor no iu SPOKE MUARA SPOM UN CAIAKA JM-32 VJIE/00 24/12 27/12 GMtAIA JNft-32 V2II/W 24/12 M/ 12 STRAITS HOPI V34C/M »/12 01/01 STRAITS HOP! V34E/00 20/1101/01 CARAKA JNR-32 ¥011/09 02/01 05/01 CAIAKAMO-32 VOlt/44653 words
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Page 29 Advertisements
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Advertisement1258 1998-12-22 29 VOY I SIN I PKO PEW PQB DUB I SHJ IB* a<K I IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 00/01 IRAN TAKHTI PJLI324 02/01 12/01 11/01 13/01 18/01 IRAN BABAEI PJLI326 08/01 18/01 17/01 19/01 21/01 PQB- Mlm Qaboos. DUB > Dubai. SHJ Slurjak. BA Bandar Abbas. BIX Bandar1,258 words
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Advertisement1803 1998-12-22 29 WNklf fa Kvrtpt Kill Nrtol Ev#ry Monday and Saturday I Wrwt ta BrMHnhavia in 20 days J I SINGAPORE'S GENERAL AGCNTS: 6 SHENTON WAY TIL 226 1900 FAX: *****06 OUTWARD (l/l) I COSTAR SHIPPING PTE LTD #17-OSDKIU>G SALES/KKGS 420SSS7/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD TOWItjrWOJO»MO<>)1,803 words
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Advertisement668 1998-12-22 29 W, EASTERN CAR LINER, LTD. |t| Ea (SINGAPORE) PTE LTD JSTS* SPECIALIZE IN ROUP t HEAVY UfT UPTO 450 TOWS 1 ECL (SINGAPORE) PTE 110 LOAD NG FOR CHITTAGONG/YANGON MANILA/BATANGAS MV "OSCAR VENTURE" V.32 MV "TERESA PRESTIGE" V.2IA ETA SJN 28/12/98 ETA CTG 06/01/99 ETA SIN 28/12/98 ETA MNL 03/01/99668 words
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Page 30 Advertisements
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Advertisement1184 1998-12-22 30 EUROPtAJK/SCAMDINAVIA/FINLAKD/RUSSIA *****3a8| HHPTSST^V^HH SGP ROM AMW HBG THP ZEE LMV I LHV THP ROM AMW HBG PKL SGP ptm.OfflW-y 17/11 15/01 2M>l IMI IMI IMI 2t*l lE. REFINE RE-010 2t/11 20/11 27/11 30/11 01/12 7V12 £££L£££L KJ/t1 22^1 23/01 2VTI 20*1 27/»1 E REACH RE-W1 82/12 06/12 04/12 08/12 00/121,184 words
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Advertisement1035 1998-12-22 30 ADVANCE CONTAINER LINES (PTE) LTD AW* I 140p«cM Street, #12-00, PIL BulWlng Singapore *****0 TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********06 OPERATIONS: *****60 *****06 BANGKOK. JAKARTA (»-*ly »l|i WT/1 »lf« LCH/1 tH MIT) vtssa Ivor I w I IKK visa Ivoy I mn jkt -U*Si O&3N1,035 words
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Advertisement597 1998-12-22 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY SOI fUI DUt JNB CW RCB mmipwig tows 77/n nm ww m mm reus vo3is oyoi m iy»i "it/oi" W n^i" GOLDBI DtACOW Y.OOfS 11/01 70/1)1 74/01 77/81 M/DI NAIHAIWNCESS tO?tS 11/01 07/07 05/07 01/0? mumooEa »037S 24/01 04/w597 words
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Page 31 Advertisements
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Advertisement472 1998-12-22 31 i BSA a. MA MYANMA wHBk FIVE STAR LINE (Myaiinor National Lin«) v Loading for Yongon (Rangoon) VISSEL VOT SKI Pit PH' KU smwi S3W SU> DAWEI 2W MPT MALAYSIA AMHTS: KXJSTUO SHIPPING AGENCIES KUL TEL (03)*****00 PKL HI (03) 376*101 PUt m (04)2****** PGU: TH (07) 25V2321/4 tgi BANK472 words
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Advertisement1595 1998-12-22 31 HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa vor sou rim aw inami brv fe Ifresa voy| sou ibi i rtm i ant i ham I niv I fe PmH THAlis SS2W 14/12 11/01 I*/01 13/01 14/01 MAAS S2M OS/12 04/12 20/11 01/12 22/12 MOSa S24W 2S/12 18/81 15/01 18/01 12/01 API1,595 words
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Advertisement984 1998-12-22 31 "I norwegion tpeookmd ovtoarrmrs TO NORTH AND LATIN AMERICA "*<>*o HEAVYUFT SERVICE' VESSEL VOY RAMP HEIGHT SIN LAX OtL MIA SAV ML ORf NYC NEW HOI tapwu lfoT~ 400Um US M/n 24/01 Woi os7oT 0t702~ WST WoT *****" U75TT776T" TAMPA F902 400 Tom 6.3 M 14/01 00/02 11/02 21/02 23/02984 words
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Page 32 Advertisements
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Advertisement867 1998-12-22 32 BANGKOK/ MAP TA PHUT/ LAMM CMABAMO JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 264N In Port 28/12 28/12 ANRO QOWA* 064 ~in Port 28/12~ NAHTA BHUM" 425N 23/12 28/12 27/12 OURU BHUM 109S 23/12 27/12 KOTA RATNA RNAO7S 23/12 28/12867 words
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Advertisement551 1998-12-22 32 INDONESIA NATIONAL LINE TO EUROPE EXPRESB BEi<B-COWTMWER>BED SOWIC6 g wt rT'row I roMi/f>m|rw«t luam mwwr a vnsa ii/n ti/n 14/tl our w/w TO AUSTRALIA ~j FULL CONTAINER SERVICE w yptl m ail wI I srt IMI MM I Ml I« M/H l*/n »/>! 4»/»l 17/41 >1/11 W/fl l«/tl is/tl l|/>|551 words
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Advertisement968 1998-12-22 32 VEBSELB rBX PKL I MLA LB4 HTM HAM I Zg SOT VM-LE 06 TAURUS A29H 2*H2 06rtH 12rt>1 13/01 IVPI IMHI7/01 VU-E D*AQUABMS UBW> 29/12 30Tt2 11A)1 IMM 18/01 2CVOI 22/01 23/01 VXEDEAWTAHES L2BW 06/01 06/01 18/01 2SPI 28/01 27/01 29/01 5/01 VMJ-E DC W4QO 329W 13/01 2VOI 01/02 02/02968 words
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Advertisement16 1998-12-22 32 CONVENTIONAL/BREAKBULK SERVICE LOAD!NO FOR COLOMBO/CALCUTTA 25.12.9S LOAOINO POft DUBAI/SO MBA T 25.12.9S LOAMMS KM CHITTASONO 24.12.9S16 words
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Page 33 Advertisements
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Advertisement53 1998-12-22 33 I New Advertisers/Services/Agencies I MEXICAN LINE TRANSPORTACION MARITIME MEXICAN A, SA de CV. Is Now with Ben Line Agencies on Page 8 New Service to Calcutta/Haldia SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) New Servicf to Middle East jijp <0 Wan Hai Lines Page 5 f DIRECT SERVICE to Calcutta Shipping53 words
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Page 35 Advertisements
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Advertisement50 1998-12-22 35 STEM* Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" --JE\ Select the port and key in feS the f° ur digit code —eg: To New York (NYC) 2275 ste£) Key in your fax number I your phone number Another innovative service offered by document Will be SHIPPING TIMES agttjffS.'Sg,50 words
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Page 36 Advertisements
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Advertisement146 1998-12-22 36 f ■■■■{Ih FREE Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product146 words
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Page 37 Miscellaneous
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Miscellaneous132 1998-12-22 37 [Regional WeatheTjY LEGEND R Thunderstorm Temperature V Show* Weather Wind direction with speed in knots ee Rain V^/ Cloudy Sky w v height Surface winds ore indicoted by arrows which ffy with the wind One tu« circle represents calm or light and vonoble winds J__ One hoH fleche represents 5132 words
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