The Business Times, 22 December 1998

Microfilm: NL21361
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    14 1 MITA (P) ()4(V12/!)8 THE BUSSINESS TIMES SINGAPORE Internet http://business-times.asial.com.sg/ TUESDAY, DECEMBER 22, 1998 85«
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  • Article
    MARKET SUMMARY
    67 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 +4ttt
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  • Article
    FINANCE
    66 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 14.96
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  • Article
    Consultants urge govt action to boost property
    796 1  -  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 five
    796 words
  • Article, Illustration
    Lock icon Obuchi assures markets of 2% economic growth in 2000
    724 1  -  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
  • Article
    Asian markets unfazed by Clinton's impeachment
    370 1  -  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.
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  • Article
    Lock icon Dow surges 165 pts at noon
    92 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 points
    Reuter; AFP  -  92 words
  • Article
    S'pore Nov non-oil exports surprise with 6.5% drop
    500 1  -  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 much
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      153 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 project
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      15 1 Mora reports Clinton lawyers planning vigorous defence, Pg 11 Seoul stocks soar, won gains, Pg7
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      161 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 to
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      Page 1 Advertisements Column 4
      10 1 Electronics stocks fall on back of export data, Pg 15
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Denso Corp sets up $115m holding company in S'pore
      353 2  -  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 $115 million holding company in Singapore to manage the cash and purchasing functions of its seven
      353 words
    • Article
      Lock icon 1,000 evacuated from American Club after threat
      293 2 Reuters MORE than 1,000 people evacuated Singapore's American Club at mid-day yesterday after a threat against Americans in Singapore. A senior club manager said he estimated that more than 1,000 members, guests and staff were in the club, near the heart of Singapore's
      Reuters  -  293 words
    • Article
      SIA, Air Canada form strategic alliance
      172 2 SINGAPORE Airlines and Air Canada have formed a strategic alliance to improve their services between Canada and Southeast Asia. This further strengthens the aUiance the two airlines each have with Lufthansa, Scandinavia Airlines, Ansett Airlines and Air New Zealand. A memorandum of understanding confirming
      172 words
    • Article, Illustration
      Lock icon High-end stores seeing lower sales
      637 2  -  Fewer big spenders; rhangA in customer profile at Larry Jewellery By: Rahita Elias EVEN the well-heeled have been hit by the economic downturn, it seems. The wellcoiffed tai-tais as well as the once free-spending Japanese and Indonesians have not totally disappeared from the upmarket boutiques,
      FILE PHOTO  -  637 words
    • Article
      Lock icon Lufthansa launching Net auctions in Asia
      149 2 Reuters GERMAN airline Lufthansa AG said yesterday it was launching novel live Internet auctions in Asia for the sale of its air tickets. The auctions would be held in Singapore, Bangkok and Kuala Lumpur on Jan 15 at its InfoFlyway Web site located at
      Reuters  -  149 words
    • Article
      S$ undervalued: Big Mac index
      427 2  -  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,
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      82 2 AU RORA made in Italy 70% Clearance Sale USUAL wow 50 _^^=Ss=^ Slos 3, S0 J 20 $36.00 $142.50 gOO 1595- $178.50 9m $270.00 $96.00 $58.50 a, 88 l $118.50 $64.50 $79.50 $84.00 53r500 $1,750.00 r $1,550.00 < 3-nrffi $1,000.00 $925.00 18 Kt solid gold pens^ anniversary pens and limited
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      Page 2 Advertisements Column 2
      89 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. For
      89 words
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      29 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
    • Article, Illustration
      Lock icon Flexibility rules in China project
      1081 3  -  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 the
      FILE PHOTO  -  1,081 words
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      149 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 City
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      162 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 a
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      303 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 the
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  • REGION
    • Article, Illustration
      Lock icon Ummi asked Dr M to save her brother from Anwar
      600 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 she
      AFP  -  600 words
    • Article
      Lock icon Indon foreign investment approvals sink by 50%
      154 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 foreign
      Reuters; Bloomberg  -  154 words
    • Article
      Lock icon Viet govt cancels US$1.7b worth of foreign projects
      302 5 HANOI Revoked licences point to worsening business scene AFP VIETNAM'S government has revoked licences awarded to foreign investment projects worth US$l.74 billion (552.9 billion), an official said yesterday, in a move signalling the country's deteriorating business environment. The projects cancelled by the
      AFP  -  302 words
    • Article
      Lock icon China securities law unnerves investors
      428 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 currency
      Reuters  -  428 words
    • Article
      Lock icon HSBC unit seen buying Korea First Bank or Seoulbank
      488 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 its
      Reuters  -  488 words
    • Article
      Lock icon Deadlock over Samsung-Daewoo swap
      248 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 cabinet
      Bloomberg  -  248 words
    • Article, Illustration
      Lock icon Miyazawa likely to stay on as finance minister
      353 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 ruling
      Bloomberg; FILE PHOTO  -  353 words
    • Article
      Lock icon Japan to ease bond market rules for foreign investors
      465 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 to
      FT  -  465 words
    • Article
      Lock icon Graft in HK up 20% in first 11 months this year
      208 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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      81 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 Time
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      27 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. Cards
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Seoul stocks soar, won firms on hopes of ratings upgrade
      535 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 ratings
      AFP; Source: Bloomberg  -  535 words
    • Article
      Lock icon HK govt plans rescue scheme for ailing firms
      247 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 is
      Bridge News  -  247 words
    • Article
      Lock icon Japan's Nov trade surplus down 15%
      386 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 finance
      AFP  -  386 words
    • Article
      Lock icon ADB to help underwrite up to US$3b in new loans to Asia
      344 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, a
      Reuters  -  344 words
    • Article
      Lock icon KL to seek US$5b loan under Miyazawa plan
      168 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 with
      Bloomberg  -  168 words
    • Article, Illustration
      Lock icon HK records its first deflation in over 23 years
      519 7  -  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 Hongkong
      FILE PHOTO  -  519 words
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      126 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 >/
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      55 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 Palace
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      143 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 Mil
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  • THE WORLD
    • Article
      Lock icon IMF cuts 1999 world growth outlook to 2.2%
      520 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 forecast
      Bloomberg  -  520 words
    • Article
      Lock icon Brazil businesses, unions in joint protest
      199 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 Paulo
      AFP  -  199 words
    • Article, Illustration
      Lock icon German police probing rail blackmail threats
      250 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 concrete
      Reuters; REUTERS  -  250 words
    • Article
      Lock icon UK faces deflation in next decade: study
      295 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 body
      AFP  -  295 words
    • Article
      Lock icon Clinton lawyers planning vigorous defence
      725 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 while
      NYT  -  725 words
    • Article, Illustration
      Lock icon Republicans promise a fair Senate trial
      289 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 that
      AFP  -  289 words
    • Article
      Lock icon Calls grow for fast end to impeachment process
      162 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 the
      AFP  -  162 words
    • Article
      Lock icon Success of Iraq air strikes far from clear: analysts
      385 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, said
      AFP  -  385 words
    • Article
      Lock icon Saddam on alert against coup bid
      349 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-day
      AFP  -  349 words
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      1883 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 the
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  • EDITORIAL & OPINION
    • Article, Illustration
      EU caught in bruising battle over finances
      770 12  -  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, the
      770 words
    • Article
      IN OTHER WORDS
      130 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 claims
      130 words
    • Article
      Allied claims ring hollow
      682 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, the
      682 words
    • Article, Illustration
      Lock icon Quiet revolution under way against Japan Inc
      1031 12  -  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 lifting
      FILE PHOTO  -  1,031 words
    • Article, Illustration
      Britain offers Asia access to the euro
      567 12  -  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 the
      567 words
    • Article
      WHAT THE OTHERS SAY
      386 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 not
      386 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Give the gift of time
      637 13  -  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: "I
      637 words
    • Article
      Lock icon Murdoch plans to marry HK exec, says report
      279 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 she
      Reuters  -  279 words
    • Article, Illustration
      Lock icon Love on the Net — or the rocks
      1262 14  - 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 in
      FT; FILE PHOTO  -  1,262 words
    • Article, Illustration
      Lock icon Genetic tests may be mixed blessing
      584 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 disorder
      Reuters; FILE PHOTO  -  584 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      144 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) International
      144 words
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      Page 13 Advertisements Column 2
      235 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 lucky
      235 words
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      Page 13 Advertisements Column 3
      108 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 sJb
      108 words
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      Page 13 Advertisements Column 4
      149 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- $3-70
      149 words
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      Page 13 Advertisements Column 5
      149 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«fc
      149 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1122 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 all
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      Page 14 Advertisements Column 1
      42 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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      Page 14 Advertisements Column 2
      21 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 Service
      21 words
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  • COMPANIES & MARKETS
    • Article
      S&P affirms DBS' A rating but warns of possible downgrade
      471 15  -  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 a
      471 words
    • Article
      SPH Multimedia, STT to sell CyberWay to StarHub
      229 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
    • Article
      Kim Eng posts interim net loss of $7.5m
      272 15  -  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 in
      272 words
    • Article
      A little more disclosure from Temasek would go a long way
      663 15  -  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.. If
      663 words
    • Article
      Electronics stocks fall on the back of weak non-oil export data
      278 15  -  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 began
      278 words
    • Article, Illustration
      Lock icon F J Benjamin expects to see better operating results
      426 15  -  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 poor
      FILE PHOTO  -  426 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Villagers block briefly roads to Bintan resorts
        442 16  -  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 their
        FILE PHOTO  -  442 words
      • Article
        Lock icon Ekran dives, source cites forced selling
        172 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 group
        Reuters  -  172 words
      • Article
        Financial News data found on SES Web site
        114 16  -  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 rather
        114 words
      • Article
        KL investment arm to take 30% stake in RHB Bank
        440 16  -  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 controlled
        440 words
      • Article
        Lock icon SET bars trade via Vickers S'pore
        186 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 official
        Reuters  -  186 words
    • CORPORATE FOCUS
      • Article, Illustration
        Wheeler-dealer is down but not out
        1366 17  -  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 in
        1,366 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Goldman set to take top spot in Asia's takeover business
        568 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 Procter
        Bloomberg  -  568 words
      • Article
        Lock icon Stanchart to sell UK Pru's life policies
        191 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 venture
        Bloomberg  -  191 words
      • Article
        Lock icon Buy-outs in Britain down in Q4: KPMG study
        286 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 of
        Reuters; Bloomberg  -  286 words
      • Article
        Lock icon LTCM rescuers make 11% return on capital
        435 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 put
        FT  -  435 words
      • Article, Illustration
        Lock icon Air France hopes to raise up to 4b francs from IPO
        353 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 half
        FT; FILE PHOTO  -  353 words
      • Article
        Lock icon AMP to buy British pension provider for £510m
        443 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 price
        Bloomberg  -  443 words
      • Article
        Initial strength in futures tapers off
        219 19  -  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 in
        219 words
      • Article
        Move to ease investment curbs lifts futures
        163 19  -  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 at
        163 words
      • Article
        Lock icon Oil slumps as Iraqi exports survive onslaught
        333 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 to
        Reuters  -  333 words
      • Article
        Lock icon CURRENCY REPORT
        327 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 foreign
        Bloomberg  -  327 words
      • Article, Illustration
        Untitled
        1214 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 L072
        1,214 words
      • Article
        Untitled
        1906 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 99 119.50
        1,906 words
    • Article, Illustration
      Lock icon HONGKONG
      1366 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 was
      Reuters; AFP  -  1,366 words
    • Article, Illustration
      Lock icon CHINA
      556 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," a
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  556 words
    • Article
      Lock icon TAIPEI
      356 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," said
      AFP  -  356 words
    • Article
      WORLD STOCK MARKETS
      2325 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 BOC
      2,325 words
    • Article
      Lock icon TOKYO
      1610 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's
      Bloomberg  -  1,610 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8929 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 Land
        8,929 words
      • Article, Illustration
        Lock icon Late buying limits losses
        415 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 Index
        AFP  -  415 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2063 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 16
        2,063 words
      • Article
        CLOB INTERNATIONAL
        233 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 $mw 400 250 5123 COL (2000) MK 400 8 2.4 2 205 7744.7 5124 Cathay Pac 20c MK...720
        233 words
      • Article
        Econ Int'l: still worth a shot
        185 22  -  WARRANT WATCH -By R Sivanithy INDONESIA-LINKED stocks seem to have fallen out of favour lately after surging in high volume a few weeks ago, they have all retreated in low volume. This is typical of these counters. Every so often in the past few
        185 words
    • Article
      Lock icon WELLINGTON
      263 22 AFP +39.92 NEW Zealand shares closed 2 per cent stronger yesterday as offshore institutions bought on expectations of an economic recovery next year. The NZSE-40 Index closed at 2,062.00, up 39.92 points, on turnover of NZ5107.27 million. Telecom Corp was up 25 cents at NZ$B.42. AFP tttZl *tt (OOP)
      AFP  -  263 words
    • Article, Illustration
      Lock icon BANGKOK
      738 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 likely
      AFP  -  738 words
    • Article
      Lock icon SEOUL
      423 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, adding
      AFP  -  423 words
    • Article
      Lock icon SYDNEY
      606 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 to
      AFP  -  606 words
    • Article, Illustration
      Lock icon JAKARTA
      728 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 foreign
      AFP  -  728 words
    • Article
      Lock icon MANILA
      329 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. Volume
      AFP  -  329 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6715 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 -0.5
      6,715 words
    • Article
      SESDAQ
      1226 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 83
      1,226 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        446 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 SPH
        446 words
      • Article, Illustration
        Stocks drift to weak finish; volume dries up
        629 24  -  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 drew
        629 words
      • ON THE GRAPEVINE
        • Article
          No condoms, please
          49 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
        • Article
          No synergy?
          99 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
        • Article
          Grave warning on Viagra
          75 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, he
          75 words
        • Article
          Live Net auction of air tickets
          99 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 Lumpur
          99 words
        • Article
          Talk is money
          89 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 of
          89 words
      • Article, Illustration
        HOT STOCK
        69 24  -  -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 be
        69 words
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      Page 15 Advertisements Column 1
      103 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 double
      103 words
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      Page 16 Advertisements Column 1
      2418 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 I
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      Page 17 Advertisements Column 1
      331 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, we
      331 words
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      Page 17 Advertisements Column 2
      92 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 a
      92 words
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      592 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. To
      592 words
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      Page 20 Advertisements Column 1
      62 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 through
      62 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      998 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 I
      998 words
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      Page 24 Advertisements Column 2
      610 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 on
      610 words
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      Page 24 Advertisements Column 3
      349 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 special
      349 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      287 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 and
      Bridge News; Reuters  -  287 words
    • Article
      MARITIME STOCKS
      278 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 Jurang
      278 words
    • Article, Illustration
      Lock icon IMO approves study on safety of bulk carriers
      445 25  -  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 Organisation
      FILE PHOTO  -  445 words
    • Article, Illustration
      Lock icon Antwerp port forecasts record tonnage
      332 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's
      Reuters; FILE PHOTO  -  332 words
    • PORT Shots
      • Article
        Lock icon War risk ratings unchanged
        95 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 were
        Reuters  -  95 words
      • Article
        Lock icon Suez Canal earnings up in Oct
        85 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, compared
        Reuters  -  85 words
      • Article
        Lock icon Bollore gets US$55m from ANZDL sale
        89 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 Bollore
        AFP  -  89 words
    • Article
      Conference to defer THCs for cargoes out of Japan
      242 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. The
      242 words
    • Article
      Lock icon Manila terminal operator to raise fees
      159 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 handling
      Bloomberg; Reuters  -  159 words
    • Article, Illustration
      Lock icon Smart cards key to security
      1036 26  -  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
    • Article
      SHIPPING SCHEDULES INDEX
      221 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 5
      221 words
    • Article
      SHIPPING GUIDE SHIPPING GUIDE
      17760 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 Indonesia
      17,760 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        786 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 21.12/2130
        786 words
      • Article
        CONTAINER SCHEDULES
        1786 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 24/0700
        1,786 words
      • Article
        GLOBAL HOLIDAYS
        218 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: Christmas
        218 words
      • Article
        COCKETT BUNKER MARKET REPORT
        802 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 individual
        802 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        496 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/n
        496 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Fog disrupts flights at Delhi airport
        136 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 is
        Reuters  -  136 words
      • Article, Illustration
        Lock icon Lockerbie remembered
        43 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. REUTERS
        REUTERS  -  43 words
      • Article, Illustration
        Lock icon Air travel industry trying to tackle problems of millennium bug
        695 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 recognise
        Reuters; PILE PHOTO  -  695 words
      • Article, Illustration
        Lock icon UPS to add 21 cities to China network
        427 38  -  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 its
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        Lock icon JAL to halve fares on profitable domestic route
        365 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) in
        Bloomberg  -  365 words
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        Lock icon 2 domestic Taiwan airlines to merge
        180 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 of
        AFP  -  180 words
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          Lock icon Lufthansa's Internet auctions in Asia
          147 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, it
          Reuters  -  147 words
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          Lock icon Hainan Air receives 240m yuan loan
          101 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 company
          AFX-Asia  -  101 words
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          Lock icon China railway investment hits US$5.6b
          110 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 yuan
          Reuters  -  110 words
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1815 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 GA972
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      20 25 E-commerce and travel: Smart cards key to security As more travel is booked online, e-travel will gain momentum. Page 2
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      524 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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      230 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-22/1
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      663 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 9199
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      736 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: *****12
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      Page 27 Advertisements Column 2
      2383 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 St
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      1082 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 *5
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      1003 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 BOMBAY
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      653 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/44
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      1258 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 Bandar
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      1803 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<>)
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      Page 29 Advertisements Column 3
      668 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 03/01/99
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      1184 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 00/12
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      1035 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&3N
      1,035 words
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      Page 30 Advertisements Column 3
      597 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/w
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      472 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 BANK
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      Page 31 Advertisements Column 2
      1595 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 API
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      984 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 23/02
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      867 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 28/12
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      Page 32 Advertisements Column 2
      551 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|/>|
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      Page 32 Advertisements Column 3
      968 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 02/02
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      Page 32 Advertisements Column 4
      16 32 CONVENTIONAL/BREAKBULK SERVICE LOAD!NO FOR COLOMBO/CALCUTTA 25.12.9S LOAOINO POft DUBAI/SO MBA T 25.12.9S LOAMMS KM CHITTASONO 24.12.9S
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      53 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 Shipping
      53 words
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      50 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,
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      Page 36 Advertisements Column 1
      146 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 product
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      132 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 5
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