The Business Times, 23 December 1998
1998-12-23
1
36
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The Business Times
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Title Section10 1998-12-23 1 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, DECEMBER 23,199810 words
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Article67 1998-12-23 1 sn 1,412.40 (+14.67) n ra U S3JU (+8.76) smsci nrnißßS U 217.43 (+3.41) nVAXIET>OQDe El Mind STOCK MARKET INDICES Tuesday Change KISR COUP M7J2 -1182 NIKKEI 11,779.44 4714# HANG SENO lOvtHM. -7141 SET INDEX 14U4. *17 JAKARTA COMP __4ML47 +IJ? KABILA COUP —U83.S8 +20il TAIPEI WP! f,7fflJ8_.+224.4® SEOUL67 words
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Article70 1998-12-23 1 fOKBZIATEB U8t 81 UBI UKS £(USS/S$per£) UM 1778 DH 147S 8MB YEN 117J L418* EM 18W 1431 HK8 7.744 ISIS BAHT MSI 1041 HJPIAH 7,778 Ml fttniATES SWGAFOBT H> KUALA LUMPUR ILM JAIARIA um BANGKOK 1471 MANILA AM HONGKONG 1«J| TAIPEI Ml SYDNEY tokyo 1m SEOUL I 14.X ZURICH70 words
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Article, Illustration970 1998-12-23 1 Quak Hiang Whai - Influential tycoon now prefers to be conservative in HK investments From Quak Hiang Whai in Hongkong LI Ka-shing, one of Hongkong's most influential and richest tycoons, yesterday said he plans to invest less in Hongkong because he saw problems in the territory's970 words
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487 1998-12-23 1 80m ynan loan deal involves six foreign, Chinese banks Reuters [SHANGHAI] China yesterday took a major step in opening its financial markets with the first local currency loan syndication by a group of Chinese and foreign banks. A group of six ChineseReuters - 487 words
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Article, Illustration540 1998-12-23 1 It cites LTCM jus example of lenders' lack of vigilance [WASHINGTON] The International Monetary Fund has criticised banks for not being better prepared for losses in world markets and said regulators weren't doing enough to rein in lenders' exposure540 words
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Article, Illustration658 1998-12-23 1 Anthony Rowley - Price of benchmark bond plummets, Nikkei takes a hit From, Anthony Rowley in Tokyo JAPANESE financial markets went into a minor panic yesterday because of moves by Japan's Ministry of Finance to reduce its automatic purchases of government bonds,REUTERS; Source: - 658 words
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Page 1 Advertisements
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Advertisement148 1998-12-23 1 TAS has unveiled a $253 million fluid aimed at developing Singapore into an infocommunication hub, Pg 2 Ahnwit. there Hie KL Stock Exchnage has completed the tranafer of all Oob shares to an interim account sources say. But it has been ordered to withhold the final transfer to the Malaysian148 words
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Advertisement96 1998-12-23 1 Cindy Crawford*S Choice IMB f V» I /Wl B| K wB.:- 8 f Vjft; £>* r 9 H B P/A y-Jk f I I Constellation m Jmfm Jvif I f ■^■^B Stainless steel with diamond-set bezel fMm /d^BnV 1465 71 Price 51j.770/Alio available in ifllt wM* Edition) NO 1165 7696 words
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Advertisement8 1998-12-23 1 Miyazawa, BOJ chiefsee economy picking up, Pg 38 words
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SINGAPORE AT HOME & ABROAD
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387 1998-12-23 2 VISA International is snowballing the market with a slew of promotions this Christmas, as the credit card company battles with old rival MasterCard and new entrant the American Express blue card in the year-end bout of shopping and partying. Teaming up with a host387 words
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Article, Illustration271 1998-12-23 2 Toh Han Shih - Money to be used over 5 years to grow industry emerging from IT, telecom, broadcast sectors By' Toh Han Shih THE Telecommunication Authority of Singapore has unveiled a $253 million fund, called the Industry Development Grant (IDG), to develop Singapore into an271 words
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Article, Illustration69 1998-12-23 2 THE "new" wafer-thin bak-kwa, or barbecued meat, that is healthier and more nutritious, according to Bee Cheng Hiang, an established market leader in the product. The company yesterday unveiled the results of its $1.2 million R&D project to develop and improve its products. Called Chiziban,ARTHUR LEE - 69 words
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654 1998-12-23 2 Corinne Kerk - By l Corinne Kerk AVERAGE retail rents in the prime Orchard Road shopping belt fell 5 per cent quar-ter-on-quarter to $12.25 per square foot per month in the fourth quarter. This means rentals there have fallen 31 per cent on average since654 words
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747 1998-12-23 2 Corinne Kerk - Falling land values pose obstacles: industry sources By\ Corinne Kerk WITH the slump in the property market, en bloc sales have become a thing of the past, and are not expected to return to the fore within the next few747 words
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Article, Illustration266 1998-12-23 2 Eugene Low - EYE ON THE ECONOMY International calls By Eugene Low AFTER four straight months of year-on-year declines, the number of outgoing international calls rose marginally by barely 0.2 per cent in November, latest figures from Singapore Telecom show. However, the 19.9 million calls recorded last monthSource: - 266 words
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276 1998-12-23 2 Wong Wei Kong - Contract goes to joint venture of companies from four countries By' Wong Wei Kong JURONG Town Corporation has awarded a $1.3 billion contract for Phase 3B of the reclamation of Jurong Island to a joint venture of Singapore, Japanese, Dutch and Belgian companies.276 words
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Article, Illustration386 1998-12-23 2 Marissa Chew - Leo Burnett MD says industry-wide client billings down 10-40% this year By] Marissa Chew UP to 10 per cent of advertising agencies in Singapore will close over the next 12 months as the economic crunch takes its386 words
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NEWSRoundup
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Article51 1998-12-23 2 SINGTEL Mobile analogue and GSM customers will enjoy free local incoming and outgoing calls on their mobile phones on Christinas Eve, Christmas Day, New Year's Eve and New Year's Day. Sing Tel said its 700,000-pl us customers can save about $8 million on these four51 words
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Article75 1998-12-23 2 THE Shaw Foundation gave away a total of $16.7 million this year, its biggest annual donation so far, and the biggest single chunk of It ($2 million) again went to the National Kidney Foundation. Other beneficiaries included the Community Chest, schools and junior colleges. The75 words
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Page 2 Advertisements
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Advertisement6 1998-12-23 2 SUPER LOW AIRFARES CLUB ►> www.gstravel.com. F6 words
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Advertisement27 1998-12-23 2 ■HUBJbhbAHBJL If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. t Another Classified Service27 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration446 1998-12-23 3 Bat they are unsure if worst is over, citing deflation fears, pessimism Bloomberg [TOKYO] Japan's two top economic policy makers said yesterday they see signs of improvement in the world's second-largest economy, yet they're uncertain whether the worst is over. Bank of JapanBloomberg - 446 words
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Article, Illustration287 1998-12-23 3 AFP [SHANGHAI] China's top leaders have lowered their economic growth target for 1999 to 7 per cent but are stressing "quality" growth that will boost efficiency, not just production, the official China Securities reported yesterday. Officials who participated in the economic work meeting heldAFP - 287 words
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525 1998-12-23 3 But they're ready to return to cash at the first sign of trouble Reuters [HONGKONG] Asian fund managers remain confident of strong Asian stock markets but said they are ready to retreat to cash if concern about the pace and strength of Asia's recovery startsReuters - 525 words
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488 1998-12-23 3 GNP forecast to grow by 3-3J>% on back of foreign loans Reuters [MANILA] The Philippines yesterday hailed the start of economic recovery with a forecast of 3 to 3.5 per cent gross national product (GNP) growth in 1999 after estimated growth of 0.5 toReuters - 488 words
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401 1998-12-23 3 Reuters [BANGKOK] Thailand's longawaited export-led recovery may be set back by a stronger than expected local currency, the central bank said yesterday. Responding to forecasts overnight by the International Monetary Fund that Thailand would emerge from recession in 1999, Bank of ThailandReuters - 401 words
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Article355 1998-12-23 3 IMF'S WORLD ECONOMIC OUTLOOK REPORT Reuters [WASHINGTON] The International Monetary Fund on Monday said Malaysia's economy would contract by 2 per cent next year but saw signs that the worst was over despite the government's controversial capital controls. "In Malaysia, signs of anReuters - 355 words
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Page 3 Advertisements
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Advertisement139 1998-12-23 3 FESTIVE SET MENUS WITH THE INNOVATIVE XIN TOUCH JBMfe 'Xin' means new. 'Xin' means innovation. flwon fro* 4 Add a special touch to your festive celebrations aHw^W^Menus with Xin's innovative Festive Set Menus a /-aiidce harmonious blend of Chinese, G>ntinental and c 1 Ofl Japanese culinary techniques and influences. COURSE139 words
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REGION
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Article, Illustration695 1998-12-23 4 She says he was bribed to do so, and denies being 'madly in love' with Anwar ANWAR'S TRIAL AFP Reuters [KUALA LUMPUR] A dramatic family feud unfolded in Malaysia's high court yesterday when a star witness behind the allegations of sexual misconduct against formerAFP; Reuters - 695 words
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423 1998-12-23 4 KUALA LUMPUR Investment policy ensures safety, liquidity and yield Reuters MALAYSIA'S largest pension fund, the state-run Employees Provident Fund (EPF), has dismissed concerns over its liquidity position and the safety of funds held by it. In a statement received yesterday, the fundReuters - 423 words
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320 1998-12-23 4 JAKARTA AFP SIX Indonesian Islamic-based parties will form an alliance soon to contest general elections slated for June, reports said yesterday. The Bisnis Indonesia daily quoted Deliar Noer, chair-, man of the Islamic Congregation Party, as saying on Monday that the coalitionAFP - 320 words
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220 1998-12-23 4 JAKARTA Reuters INDONESIA'S military will begin court-martialling 11 members of its elite special forces today on charges they kidnapped and tortured antiSuharto activists. The head of the military trial, Colonel Susanto, said the trial would begin at 9 am but heReuters - 220 words
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Page 4 Advertisements
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Advertisement271 1998-12-23 4 I <V? i»| > '3PsP r T 5 r "r I 1 I Si iwmSEM Bhl^l I v: :';|^^M ..a-,*- 1 B^B^^^^^MMBBBli^pH^^^ if fiifil fliiiP tI J* V* -*!-< 8 Multiply your enjoyment by two this festive season. Because from now till 31 December 1998, every $10 you charge to271 words
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Page 5 Advertisements
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Advertisement333 1998-12-23 5 Ml -jjl ~iM J| MBM HP y 1-° tiMwl _^mhH Bw' aBWwW H^HimHHP 1 T 1 If 11 < 2"s ?l£>- j^'-s -«-i» 4pl f <y,<**•'■ M®4:K; i&i»t ">.♦'■»£■'>?■•'; T*'^W"-'*' v -vr.' iC -r' aK ■■■F JL^ I SJI /^^^-•^^'l&'.jl h vr >X'S J&k r? '-<*v >-" V* i >333 words
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THE REGION
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338 1998-12-23 6 It will also scrap some securities taxes to encourage holding of yen assets TOKYO Bloomberg JAPAN'S central bank and Ministry of Finance said they will allow financing bills to trade freely and will elimi- nate some securities taxes to encourage global investorsBloomberg - 338 words
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108 1998-12-23 6 U BEIJING AFP BEIJING has warned smaller state-owned enterprises (SOEs) to respect all debt-re-payment obligations to the full in a sign of growing government concern over state banks' bad debt burden, the state media reported yesterday. The central People's Bank of China, theAFP - 108 words
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231 1998-12-23 6 BEIJING Auditors unearth over 1,000 cases of misappropriation AFP CHINA'S top auditors have found that almost 538 billion yuan (*****.8 billion) in loans intended for the state purchase of grain was used for other purposes, the China Daily said yesterday. "Some 538.3 billion yuanAFP - 231 words
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157 1998-12-23 6 TOKYO Bloomberg JAPAN'S Fair Trade Commission will make corporate mergers and acquisitions easier starting Jan 1 to help Japanese industries cope with greater competition. Companies will be able to merge without prior screening by the FTC, provided that market share of the new entityBloomberg - 157 words
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388 1998-12-23 6 Surinder Singh - From Surinder Singh in Sydney AUSTRALIA-BASED Servcorp, which established itself in Singapore more than 12 years ago as a provider of service offices, has extended its operations to Japan. Servcorp chief Alf Moufarrige told BT that his company's expansion into Japan represented a388 words
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Page 6 Advertisements
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Advertisement324 1998-12-23 6 It is that time of the year again, where the festive moods are in full jv swing and shopping and entertaining forms your daily routine. And like \^|jjj£r w any other time of the year, your credit cards come in handy. Here are some useful tips on using and handling324 words
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THE WORLD
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629 1998-12-23 7 WASHINGTON Appeal comes amid scramble to find a way to avoid lengthy Senate trial NYT A HANDFUL of moderate Republicans who voted to impeach US President Bill Clinton appealed to the Senate on Monday to consider censuring the president instead ofNYT - 629 words
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430 1998-12-23 7 RIO DE JANEIRO Analysts see more irrational pessimism in store after rally NYT [BRAZIL] A month ago, markets here were rallying as the International Monetary Fund moved towards announcing a US$4l billion (5567.8 billion) bailout for Brazil. Brazilian stocks rose 91 per centNYT - 430 words
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299 1998-12-23 7 PARIS Paris warns it will hit back, urges US to reconsider AFP FRANCE yesterday deplored a US announcement of unilateral sanctions to try to force a change to European Union banana import rules, and warned it would hit back. The foreign ministryAFP - 299 words
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497 1998-12-23 7 NEW DELHI Reuters FT RUSSIAN Prime Minister Yevgeny Primakov yesterday said Russia had not defaulted on its debt and intended to repay its rescheduled debt. "We are not in default. We intend to pay our rescheduled debt," he said inReuters; FT - 497 words
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Article, Illustration76 1998-12-23 7 [WASHINGTON] US President Bill Clinton and First Lady Hillary Clinton assisting in preparing meals of lasagna at the DC Central Kitchen on Monday that will be used to feed the homeless at emergency shelters in Washington, DC. With them are Ameri Corps volunteerAFP - 76 words
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Article, Illustration491 1998-12-23 7 U MOSCOW Bnt it expects US to take steps to patch rift over Iraq Reuters RUSSIA said yesterday it was sending its ambassador back to Washington in a sign it wants to make up after a row over US-led air strikes on Iraq. ButReuters - 491 words
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316 1998-12-23 7 WASHINGTON Bloomberg FEDERAL and state regulators have examined hundreds of World Wide Web sites for bogus claims about investment opportunities and could follow up with enforcement action, they said. Lawyers and investigators for the Federal Trade Commission and the nation's futures andBloomberg - 316 words
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411 1998-12-23 7 LONDON AFP THE press guru who moulded the image of Tony Blair's "new" Labour to deliver a landslide election victory was under fire yesterday over a secret loan from a fellow colleague. Trade and Industry Secretary Peter Mandelson admitted he borrowedAFP - 411 words
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Page 7 Advertisements
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Advertisement9 1998-12-23 7 Editorial: Will good sense prevail in US? Pg 89 words
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EDITORIAL & OPINION
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Article, Illustration738 1998-12-23 8 Martti Ahlisaari - BOTTOMLZME OPINION By Martti Ahlisaari The writer is the president of Finland AS THE leaders of the European Union met in Vienna two weeks ago, the crisis in Russia loomed large over the summit meeting. Developments in that country have shown that there738 words
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Article134 1998-12-23 8 'China's signature on a human rights treaty isn't worth the paper it's written on if this is what it does to peaceful political activists.' Sidney Jones director of Human Rights Watch, as China sentenced members of a banned opposition party just 10 weeks after signing the UN134 words
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Article587 1998-12-23 8 EDITORIAL WASHINGTON appeared to be in the grip of political chaos as history was made in the US capital over the past week. "We are on the brink of the abyss," was the way Minority Leader of the House of Representatives Richard Gephardt described587 words
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Article, Illustration990 1998-12-23 8 Robert Chote - Restructuring political governance of the international body is necessary but it's not an easy task By] Robert Chote FT THE Bretton Woods conference of 1944 may have laid the institutional foundations for the world's post-war economic prosperity, but it was not much fun. John Maynard KeynesFT; FILE PHOTO - 990 words
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Article, Illustration1073 1998-12-23 8 Tbeeoet of Impeachment I GUESS where you stand in the impeachment debate depends on what it's worth to you to get even with President Clinton for winning two elections. Or, as the moralists might put it, it's all according to how much you're willing to fork1,073 words
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EXECUTIVE LIFESTYLE
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Article, Illustration553 1998-12-23 9 RELATIONSHIPS Christmas can strain seemingly good relationships, a writer warns LATWP IT'S a given that the pressure, hustle and bustle that surround this time of year make life darned strenuous. Apparently so much so that it can rip apart seemingly healthy relationships. CathyLATWP; FILE PHOTO - 553 words
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Article, Illustration932 1998-12-23 10 Mark Landler - Claim to USsl2b wealth has awoken consciousness about what was done under Marcos. MARX LAMDLER reports Mark Landler NYT IN the pre-Christmas bustle of the teeming city of Manila, a ghost of the Philippine past has suddenly re-emerged. Imelda Marcos, the 69-year-old widow of dictator Ferdinand Marcos,NYT; REUTERS - 932 words
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539 1998-12-23 10 BOOKS No crimes, her new book showcases Kay Scarpetta's favourite dishes LAT-WP FOR Kay Scarpetta, the week between Christmas and New Year's is the worst of the year. An unplugged dead time. Scarpetta is the fictional chief medical examiner of Virginia, the leadLAT-WP - 539 words
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Article, Illustration805 1998-12-23 10 CHRISTMAS Robert Isabell lights up the White House with a wreath of bine lights NYT [NEW YORK] There are some important pronouncements from Robert Isabell, Manhattan florist who did Caroline Kennedy's wedding, Jackie Onassis' funeral, last year's Versace tribute at the Metropolitan MuseumNYT; FILE PHOTO - 805 words
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Page 9 Advertisements
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Advertisement463 1998-12-23 9 Where to wine, dine and entertain... "t @>gsSif WM™ 4 U 4 OWE VE g<w*@) 4 J "5 25Deaa*«lW8 Cbmsmas Day IZjiooo to spm $12.80+++ per person (adult) $B.Bo+++ per child (below 12 year* old) 30 VARIETIES of Food Items. Free flow of Santa Claus Punch HOTEL QRAND CENTRAL UMrTED463 words
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Advertisement147 1998-12-23 9 ■H-firK' Th* -Herald- Ballroom 'Dancing at The Neptune on Christmas Day with exciting festive offerings lucky draw prizes! Date: 25 Dec 1998, Bpm Pricing: $40 nett per person (with dinner) $18 nett per person (one standard drink only) Reservations: 224 3922 Ifiß nftuini a+mOvm jfrc 7tbfioor, Oversea: Union House, CoOytr147 words
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Page 9 Miscellaneous
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Miscellaneous303 1998-12-23 9 CRYPTIC CROSSWORD DOWN on board (4,4,3,4) YESTERDAY'S SOLUTION 1 Follow fashion to make cur- 14 house in ruin -no en- MeUIrIeInIqIuIgIhMrMrI rent easy progress (4,4,3,4) c MvWaMsMsM I■HIEIRIEI 2 Seek votes from the cloth, say 15 Jake cocaine, and a swift FjElf] I [n]eMeMtbMßcMa| (7) drink (5) ■rmIMDMSMcIOIMI i ICIS]303 words
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Miscellaneous692 1998-12-23 9 TV&RADIO Premiere 12 Movies Santa with L3O Youth Unlimited. L3O Era IT. «I nwonM Muscles. 2.00 Little Library. 2.02 Primarama. TV Innovations. 4.00 News 5 Today followed 2.30 Of Cops and Men. 3.00 Drama Arab 4.00 Kidz Blitz: Sesame by Afternoon At The 330 Afternoon Leisure Hour. a.an Drama Khas692 words
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Page 10 Advertisements
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BOOK marks
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Article72 1998-12-23 11 A NEW site has been set up to cater to those who like only the finest things in life. MUlionaire.com will be an online community comprising only those companies that sell the very best of everything—art, cars, antiques, yachts, gems, real estate, among others.72 words
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Article65 1998-12-23 11 DIAMELLE Inc, a technology consulting firm, is offering a service that promises that "businesses of all sizes can be up and running on the Internet for free". The new Electronic Marketplace will have no start-up fees and no fixed monthly costs. The idea is to create65 words
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Article63 1998-12-23 11 ANY company wanting to start selling on the Web should have a look at www.emarketer.com. This site has aU the information and advice that you could possibly need before deciding to set up an e-commerce site. One of the most helpfUl areas is eNews, which contains goodies such63 words
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Article117 1998-12-23 11 GLOBAL telecoms company MCI World Com (www.mciworldcom.com) was infected with a new breed of virus last week. The virus, called Remote Explorer, was apparently uploaded to one of their servers and rapidly spread across hundreds of connected servers by replicating itself. MCI refuses117 words
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Article, Illustration100 1998-12-23 11 BUYING IBM products in Singapore has just become a bit easier. IBM has launched a local Web site to give its customers the option of buying through the Internet. If you are looking for ThinkPads, IBM PCs or scanners, this may well be the100 words
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58 1998-12-23 11 A RECENT survey by the Market Research Institute for Cable World in Los Angeles indicates that people do not want to pay for faster Internet access. A huge 73 per cent said it was unlikely that they would pay US$4O (Ss66) for connection58 words
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Article52 1998-12-23 11 SANTA'S home has always been in Finland or the North Pole, depending on whom you ask. Now Finland has got the jump on the Pole by setting up a virtual Finland fbr Santa's visitors to er\joy without having to get cold. Surf (or sleigh) over52 words
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78 1998-12-23 11 Justyn Olby - Compiled by Justyn Olby TELECOMS research firm RHK reports that the growing t number of consumers with high-speed access to the Internet has led to the surge of Internet video's growth. Previously, interactive video and video-on-demand had 1 suffered because of the high cost78 words
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183 1998-12-23 11 Bloomberg [ROUND ROCK, Texas] DeU Computer Corp, the top direct seller of personal computers, said it will use America Online Inc's (AOL) online service as a default Internet provider on its personal computers sold in the US and Canada. Dell said that startingBloomberg - 183 words
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Article634 1998-12-23 11 Ali sorts of companies are angling to be your first port of call Reuters [LONDON] Companies of all shapes, sizes and core competencies want to become your Internet gatekeeper. Grocery stores, banks, computer makers, software manufacturers, airlines, telephone, and media companies want toReuters - 634 words
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Article, Illustration874 1998-12-23 11 Toh Han Shih - Already linked up with Taiwan, it's set to start e-commerce in S'pore, M'sia next year, reports toh ham shim Toh Han Shih NEXT year, most of Intel's business in Asia amounting to bUlions of doUars wUI be done over the Net, Intel Asia-Pacific vice-president John Davies874 words
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Article, Illustration617 1998-12-23 11 Justyn Olby - As the economic crunch bites, less stress and better deals are a draw By, Justyn Olby [SINGAPORE] Spending money has never been easier; the shopper now doesn't even need to leave home. Sites selling everything that could possibly be imagined abound in the boundless617 words
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COMPANIES& MARKETS
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Article, Illustration729 1998-12-23 12 Bat they say DrM has told exchange not to complete final stage AFX-Asia [KUALA LUMPUR] The Kuala Lumpur Stock Exchange has completed the transfer exercise of all Central Limit Order Book (Clob) shares into an interim account, sources close to the exchange said.AFX-Asia - 729 words
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299 1998-12-23 12 Jennifer Lien - Overwhelming response said to be among reasons By< Jennifer Lien [SlNGAPOßE] Internet service provider Pacific Internet has postponed its planned initial public offer in the US until January. The company, owned by SembCorp Ventures and SIM Ventures, had hoped to launch its299 words
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206 1998-12-23 12 Conrad Raj - ffyi Conrad Raj [SINGAPORE] Jurong Shipyard (JSL) has pulled off a major coup by getting Neptune Orient Lines to dock, repair and maintain its vessels at the shipyard. The listed shipyard yesterday announced that it had struck an alliance agreement on Monday with NOL's206 words
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713 1998-12-23 12 Russell Baker - HOCK LOCK SIEW Russell Baker THE Australian stockmarket's benchmark indicator, the All Ordinaries, is set for a major revamp following a compromise proposal unveiled by the Australian Stock Exchange (ASX) earlier this month. For some time, fund managers, brokers and companies have713 words
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273 1998-12-23 12 R Sivanithy - Firm says payments received were reimbursements for research costs By. R Sivanithy [SINGAPORE] Vickers Ballas Holdings yesterday said its operating unit was unaware that certain payments received from a Thai broking house were in breach of Thai regulations. "VBCo (Vickers Ballas273 words
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102 1998-12-23 12 [SINGAPORE] Contrary to market talk, governmentlinked property group Pidemco Land is not acquiring DBS Bank's stake in DBS Land. The rumours, circulating for a few days, claimed Pidemoo was taking over DBS' 28.4 per cent stake worth just under $700 million. "This102 words
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220 1998-12-23 12 [SINGAPORE! Rubber parts maker Armstrong Industrial says it sees a $3 million operating loss in the second half ending Dec 31, and hopes to raise $8.5 million through a rights issue. The company has sold its old factory at Gul Lane to BG Casting Pte220 words
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REGIONAL/INTERNATIONAL COMPANIES
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260 1998-12-23 13 No endorsement from govt on revamp, it says in response to article in A WSJ Bernama IKUALA LUMPUR] The proposed restructuring of Renong Group has never received endorsement from the Finance Ministry or any other official government body, the National Economic ActionBernama - 260 words
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328 1998-12-23 13 Eddie Toh - From Eddie Toh in Kuala Lumpur KONSORTIUM Perkapalan Berhad, the listed vehicle of Mirzan Mahathir the eldest son of Malaysian Prime Minister Mahathir Mohamad will reduce its shareholders' equity substantially in writing off losses from the controversial sale of its shipping business328 words
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210 1998-12-23 13 Bloomberg [LONDON] General Electric Co, the UK's second largest defence contractor, said it will split its aerospace and defence businesses from the rest of its operations as it continues discussions with other defence companies about consolidation. The company didn't say what formBloomberg - 210 words
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Article169 1998-12-23 13 Bloomberg [KUALA LUMPUR] Don Rae, chief operating officer of Time Telekom Sdn, the telecommunications unit of Malaysia's Time Engineering Bhd, will leave the company to join Smart Communications Inc. Smart, the Philippines' largest mobile phone company, is the cellular unit of Hongkong-based First PacificBloomberg - 169 words
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Article, Illustration54 1998-12-23 13 [TOKYO] Japanese model Kaoru Shibayama displaying Swatch's 1998 Christmas special watch "Sparkling Life which has the cork from a champagne bottle as decoration on the face of the wristwatch during a promotion in downtown Tokyo yesterday. Customers have to remove the cork from the watchAFP - 54 words
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518 1998-12-23 13 Move comes amid global competition from bigger markets Bloomberg [SYDNEY] Australia's derivatives and stock markets, the Sydney Futures Exchange (SFE) and Australian Stock Exchange (ASX), will discuss a merger as they bid to compete with bigger markets around the world. "With the globalisationBloomberg - 518 words
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523 1998-12-23 13 US carmaker said to be eyeing BMW, Volvo and Honda Bloomberg [FRANKFURT] What does the world's second largest carmaker have on its shopping list? If market rumours of Monday are any guide, Ford Motor is talking to Germany's BMW, Sweden's Volvo andBloomberg - 523 words
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296 1998-12-23 13 Bloomberg [MANILA] SBC Communications of the US will meet the new management of Philippine Long Distance Telephone next month to discuss buying a minority stake in the company. PLDT senior vice-presi-dent Antonio Samson said SBC, possibly in partnership withBloomberg - 296 words
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329 1998-12-23 13 Daniel C S Chan - LETTER TO THE EDITOR Daniel C S Chan Daniel C S Chan Managing director UOB Asset Management WE refer to the letter by Kevin Cheok (BT, Dec 5). In the letter the writer asserted that a quick glance at The Business Times would clearly illustrate most329 words
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COMPANIES/FINANCE & COMMODITIES
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560 1998-12-23 14 Technology fnnds top performers; overall returns pulled down by those investing in small-cap firms Bloomberg [NEW YORK] US stock mutual funds had the lowest returns since 1994 and many investors would have been better off owning a lower-risk government bond fundBloomberg - 560 words
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Article, Illustration90 1998-12-23 14 [OTTAWA] A woman walking past an updated version ofa billboard below the office of Canadian Finance Minister Paul Martin in Ottawa on Monday. The billboard was updated by the Council of Canadians after the merger proposal of four out of five of Canada's largestREUTERS - 90 words
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Article408 1998-12-23 14 New exec chairman named as founder's son moves to chairman's post Bloomberg [BANGKOK] Bangkok Bank pic shuffled its top directors, with Chatri Sophonpanich, the son of the founder, shifting from executive chairman to chairman of the board of directors, to reduce his daily work load.Bloomberg - 408 words
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229 1998-12-23 14 Reuters [NEW YORK] Merrill Lynch and Co Inc, concerned about the volatility and heavy volume of some Nasdaq stocks, has once again delayed making online trading available to some of its wealthiest customers, the Wall Street Journal reported yesterday. Merrill LynchReuters - 229 words
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Article, Illustration491 1998-12-23 14 Rights to new drug set to boost earnings; Johnson Johnson takes a big blow PATENT BOOST FT Bloomberg [BOSTON] Shares in Amgen, the US biotechnology company, soared as much as 25 per cent in New York trading as investors anticipatedFT; Bloomberg; Source: Bloomberg - 491 words
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286 1998-12-23 14 Rival illegally used Hyundai's DRAM technology: court Bloomberg [SEOUL] Hyundai Electronics Industries, one of the world's three biggest memory chip manufacturers, won a patent infringement lawsuit against its Japanese rival NEC Corp in the US. The Eastern District Court of Virginia ruled that NECBloomberg - 286 words
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FINANCE & COMMODITIES
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203 1998-12-23 15 Neil Salter, Jardine Fleming - STMfIX Reports MS& Singapore Index Neil Salter, Jardine Fleming WHAT a difference a day makes. The previous day's bearish sentiment in the MSCI Singapore was soon forgotten, as the market opened up 3.8 points from Monday's close. If the futures were unable to match the203 words
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171 1998-12-23 15 Cecilia Loh, Refco Singapore - MSCI Taiwan ftitnres Cecilia Loh, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract surged 9.30 points, in correlation to the benchmark index which posted its biggest oneday gain in 10 weeks. The stock index registered a gain of 224.40 points on optimism over171 words
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374 1998-12-23 15 ENERGY REPORT Reuters [LONDON] Oil prices were firmer but still mired in single digits yesterday, with bloated world crude stocks and a lack of bullish signals out of Iraq expected to usher markets into the holidays at even deeper 12-year lows. International benchmarkReuters - 374 words
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Article336 1998-12-23 15 Bloomberg New York THE dollar rose a second day against the yen as Japanese bond yields rose, threatening government plans to lift the economy from a year-long recession. "The cost of financing is going up across the board,'' said Bob Sinche, currency strategist at Citicorp Securities Inc. "TheBloomberg - 336 words
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Article, Illustration1221 1998-12-23 15 INTERBANK CROSS RATES Dec 22 gWb EC IndRHupUh rw Wow km MSEafcft Peso s$ Hm4 Sir «T$ %m Kmi U« Australia 0.955 6.178 0.525 3.458 1.031 4.773 26.205 47.883 0 721 7 407 2.342 IUU Ttw>in« < am wu Canada 1.048 5.504 0.550 3.623 1.080 5.000 27 454 ***** 01,221 words
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Article1916 1998-12-23 15 SICOM FUTURES Dec22 RUBBER (futurw ctosmq as it SJOpm) RSS1 cents/ty) Close Votame Open Month Hkjh Low Sett (tonnes) Interest Jan 99 103.75 1 150 Feb 99 KM.75 1175 Mar 99 107.00 107.00 107.00 100 1275 Apr/Jun 99 m.50 2250 Jul/Sep 99 116.00 300 Oct/Dec 99 119.50 75 RSS 31,916 words
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Article, Illustration1268 1998-12-23 16 Reuters QHangSaig -73.45 HONGKONG stocks slipped to a moderately lower close yesterday with weaker markets in Japan battering sentiment, brokers said. The Hang Seng Index lost 73.45 points to finish at 10,322.56 after hovering in a tight range of some 100 points. Miles Remington, head of Asian sales tradingReuters - 1,268 words
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Article, Illustration497 1998-12-23 16 Reuters Shenzhen B Index +0.71 SHENZHEN'S B share market closed higher yesterday, lifted by a broad rally in the domestic currency A share market, analysts said. The B Index gained 0.71 of a point to 52.05 on turnover of HK$5.4 million. The A share market leapt 12.07 points toReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 497 words
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Article2265 1998-12-23 16 LONDON Mnlriili »n 22 hKi *h 31 Croup 570.400 11.400 A8 Ports 275.000 unch AOOay National 1242.000 28.000 AHIad Domacq 552.400 5.000 A Mad Zurich 899.000 4.000 Amac 178.400 -0.600 Asda Group 157.200 -1.200 BAT Ind 549.000 -16.400 BG Pic 389.000 -3.600 8 ICC 60.400 2.400 BOC2,265 words
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Article349 1998-12-23 16 AFP PwPlnto +224.40 TAIWAN share prices rose 3.4 per cent yesterday as investors cheered the latest government measures to prop up the stock market, analysts said. "The measures announced by the authorities proved effective," said Andy Wei, research manager of Master Link Securities. The finance ministry announced measures onAFP - 349 words
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Article1602 1998-12-23 16 Bloomberg D Nikkei 225 -***** JAPAN'S key stock index fell to a seven-week low as a sharp drop in bond prices threatened to burden the country's slumping economy with higher interest rates. Bank of Tokyo-Mitsubishi Ltd led a retreat by financial shares on concern banks may take losses onBloomberg - 1,602 words
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KUALA LUMPUR STOCK MARKET
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Article8778 1998-12-23 17 WMJSTMAU Coiniwf pradKts 1998 Last Vai Day Mat Cap MHIi Low C aaaM"V Wi *000 >*9* Ua P/I la* 120 tro Ajmomoto 300 unci) IU 121.6 148 33 Angkasa 80 -5 128 82 79 118.0 310 123 Apollo Food Hlg 288 -2 20 274 268 9.3 107.2 388 108 Bar8,778 words
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Article, Illustration396 1998-12-23 17 AFP CI Composite Index -13.82 MALAYSIAN share prices closed 2.5 per cent lower yesterday due to a technical correction ahead of Christmas and New Year holidays. 'The bourse has risen lately, investors are taking profit ahead of the long holiday," an institutional dealer said.AFP - 396 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1959 1998-12-23 18 t*M Last Vol Ooy LMt Ouot. aTJ Low Stno Compony !w Hr COOO) H*K Ln Buyor M« Prteo 20.5 3 3*40 "Acor ******1USS 12 -0.3 156 12 12 12 12.5 95 4.5 3164 Acmo ******4 15.5 »0.5 701 15.5 14.5 15 16 16 3161 AJIToch ******7 28.5 39 30 asm1,959 words
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178 1998-12-23 18 R Sivanithy - WARRANT WATCH -By R Sivanithy AFTER an early flurry of interest, the DBS Bank covered warrant on Singapore Airlines has drifted sideways in ev-er-thinning volume. For now, it looks to have fallen out of favour but that could be partly because fund managers are178 words
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Article183 1998-12-23 18 H0N9K0M rrooo y :^ssmmm Or Or 1990 LMt VI Our LHOuf W* OK VW MM M C4* W» H» «m C**—0r, Hi COOP) Hjg u» Owyr l—w Cw >/t h* 400 250 5123 CDLUOOOIHK 400 8 2.4 2 20 5 7744.7 5124 C*fwyP»c20cMK_720 265 U M 0 *****/4183 words
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Article245 1998-12-23 18 AFP Q Wellington +2139 NEW Zealand shares rose 1.1 per cent yesterday, stretching their upward streak into a sixth day, as expectations of an economic recovery by mid-1999 attracted buyers across the board. The NZSE-40 Index was up 23.39 points to 2,085.39 on volume of NZ$lO9 million. *n» «oAFP - 245 words
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Article, Illustration756 1998-12-23 18 AFP P SET Into +U7 THAI shares closed 1.8 per cent higher yesterday in light trade ahead of the holiday season led by buying in the banking and finance sectors, analysts said. The SET Index was up 6.17 points at 343.34. Advancers led decliners 131 to 45, with 66AFP - 756 words
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Article390 1998-12-23 18 AFP kJOompogtelßdei -17.52 SOUTH Korean shares closed 3.1 per cent lower yesterday on profit-taking by retail investors after rocketing 7.7 per cent the previous day, dealers said. They said first-liners found some support on Moody's comments that it will review South Korea's sovereign foreign-currency rating and steel giant PoscoAFP - 390 words
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Article586 1998-12-23 18 AFP FlAllOrdinariMi *218 AUSTRALIAN share prices gained 0.8 per cent yesterday, taking their lead from Wall Street, brokers said. The All Ordinaries Index rose 21.8 points to close at 2,759.8. National turnover totalled 387.52 million stocks worth A 51.09 billion. The All Resources Index added 1.7 points to 962.5,AFP - 586 words
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Article, Illustration696 1998-12-23 18 AFP W Composite Indai +L 97 INDONESIAN shares yesterday closed 0.5 per cent higher following overnight gains on Wall Street, with the index supported by select blue chips, dealers said. "The volume slightly improved compared to yesterday on the back of heavy trade in small caps," a dealer withAFP - 696 words
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Article282 1998-12-23 18 AFP FlMiiiiU jifl PHILIPPINE share prices closed 1.1 per cent higher yesterday due to selective buying of blue chips, analysts said. The Philippine Stock Exchange Composite Index rose 20.51 points to close at 1,893.66 points. Volume rose to 735 million shares worth 1.1 billion pesos. —AFP Monilo Mmtnq 9AFP - 282 words
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6320 1998-12-23 19 Transaction date: D<c 22 Or Or M Wt I9M Utt Vol Day Last Ouote Otv Oh W M Cap A v« Mlgft Low StNo Company SM COOO) WfH Low Buyor Seller H C'vr P/E tmH Price MULTf-MINISTRY 142 49.5 mt lOOO AcmaSOc 63.5 unch6,320 words
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Article1165 1998-12-23 19 HH» U» »«te crnn-y tSS COW CV Wl $Sf MANUFACTURING .t:ff 1' 243 30 2049 AS Auto lOc 86 -2 819 91 85 85 86.5 IS N 7 17 8.1 96-2 90 ,85 45 8 2051 ASJHMgs20c 54 5 unch 2 54.5 54.5 55 60 2.5 10-2 0.9 10.51,165 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration326 1998-12-23 20 Starts VrtNM DBS Land 15,288,000 ST Capital 25c 6.264,000 Van der Horst 5,682,000 KepBank DBS WOO 4,646,000 SingTel 15c 4,039,000 KeppelLandWOO 3,933,000 Keppd Land 50c 3,848,000 KeppelBank 3,512,000 Wing Tai 25c 3,163,000 OUB Foreign 3,134,000 S>»dtt DBS Land 36,530,408 DBS Foreign 35,193,318 OUB Foreign 23,317,916 OCBC Foreign 18,392,896 UOB Foreign326 words
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Article, Illustration657 1998-12-23 20 R Sivanithy - STOCK MARKET COMMENTARY Market otherwise quiet ahead of holidays; property stocks slightly up, but electronics counters fall for second day By R Sivanithy [SINGAPORE] Rumours that DBS Bank might be selling out of DBS Land brought both stocks into play yesterday, livening657 words
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ON THE GRAPEVINE
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Article56 1998-12-23 20 WE know that Hotel Equatorial is closed, having been sold to City Developments for $58 million last month for redevelopment. But we spotted a taxi yesterday still advertising for the now-defunct hotel with a big signboard atop it. Who says you can count on taxi drivers to56 words
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Article88 1998-12-23 20 MEMBERS of the public can send e-mail to ousted Malaysian leader Anwar Ibrahim, who has been refused bail while feeing charges of corruption and sodomy. "Please rest assured that we have the contacts to deliver your mail, which we have received by the hundreds, to the88 words
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Article74 1998-12-23 20 SIXTEEN major Japanese banks have appointed Chase Manhattan Bank as their major correspondent for euro payments clearing services. They include Dai-Ichi Kangyo Bank, Fuji Bank and Sakura Bank. Chase, a leading clearer ofUS dollar payments and yen-dollar payments, said Its eiao clearing infrastructure employs a centralised hub74 words
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Article152 1998-12-23 20 THOUSANDS of ducks at a farm in north-eastern China refused all food and drink after staff separated the mates from the females, AFP reported yesterday, quoting Chinese official media. The Zhenghe Duck Farm in Heilongiiang province used to keep its 10,000 residents in mixed-sex pens.152 words
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Article81 1998-12-23 20 THAILAND'S hospitality business may be suffering as a result of the regional financial crisis, but it still managed to produce this year's "Young Hotetter of the Year". Pierre-Andre Pelletier, general manager oftheAmari Orchid Resort in Pattaya, was the 1998 male recipient of the award by81 words
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Article, Illustration64 1998-12-23 20 Wong Wei Kong - ii (i iui -by Wong Wei Kong DBS Land closed up $0.13 at $2.46 yesterday on a volume of 15.3 million shares, compared with its 10-day traded average of 7.14 million units. The daily and weekly RSI and Stochastics suggest limited upside in the near term, and this64 words
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Page 12 Advertisements
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Advertisement46 1998-12-23 12 B V LG A R I The Bvlgari-Bvlgari watch. Automatic or quartz movement. From S 2,300 Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 73$ 6689 and: Dickson Watch Jewellery, The Promenade 732 8900 Centrepoint 734 $822 Suntec City Mall 336 487146 words
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Advertisement52 1998-12-23 13 Your Strategy «§§*l|| |sgf a 'j jf vv" 4*r»^ r Sar^ rv ss St4's-sis' rri n B gfeifc§r&g llgferf^fell To Success. Weekend Business Analysis For the most comprehensive and unique coverage FINANCIAL TIMES p|| 392 IQQ2 tri c.iKcrriKp tnrlav and analysis of world events and business news. No FT f52 words
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Advertisement7 1998-12-23 14 Takes you behind the news TheBusinessTimes 8INOAPORK7 words
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Advertisement22 1998-12-23 14 Locate its owner through Classification 821 (Found). Simply caU C.A.T.S. at 1800-737-1166 for this free service. Another Classified I CATA I Service22 words
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Page 16 Advertisements
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Advertisement7 1998-12-23 16 fe■ Why capital controls for China TheßusinessTimes7 words
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Advertisement12 1998-12-23 17 'U Making smart education choices begins with The Straits Times i Classified.12 words
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Advertisement82 1998-12-23 18 f the computer J f you this was a j f making for Susan J I advertised in V deal /Yup, we got what is going to be B VThe Straits Times/ 1 S /we wanted because real nice! I Classified. S lt Vj of the wide choice t\m DmiiMrf82 words
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Page 19 Advertisements
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Advertisement61 1998-12-23 19 Citibank Margin Trading Account Trade up to 2.5 times your share value I or withdraw CASH on it. I Call 339-7126 now. THE CITI NEVER SLEEPS It r.lni h n .H: I Mi iiit.. ii y 2r. S Or. li.inl K...1 <1 2 1 |11 1 .111 I s 161 words
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Page 20 Advertisements
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Advertisement576 1998-12-23 20 BUSINESS Xoticcs To advertise call toll-five IXOO-741 ISS In the Matter of The Companies Act, Cap. 50 and In the Matter of NSA SHIPPING PTE LTD Notice of Resolutions for Members' Voluntary Winding-Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of NSA SHIPPING PTE LTD576 words
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Advertisement543 1998-12-23 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF SHOQUN OIL BROKERS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20 Kramat Lane #04-04 Singapore *****3 on543 words
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Advertisement343 1998-12-23 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER Of SOT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of SOT PTE LTD, duly convened and held at the registered office at 106 Middle Road. *05-01 Bright Chambers, Singapore *****7343 words
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Advertisement107 1998-12-23 20 ROYCE INVESTMENTS PTE LTD (IN MEMBERS VOLUNTARY WINONG-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act, Cap. SO that the Final Meeting of the members of the abovenamed company will be heW at 5 Verdun Road *02-01 Singapore *****4 on 23 January 1999 at 11.00107 words
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Advertisement18 1998-12-23 20 Use"creative recruitment Ads to 'ClaSS^^ ca t enhance your corporate image. Bean a« 1 Efl| BCtWJSLcg^B 36^^ s18 words
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SHIPPING TIMES
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Article317 1998-12-23 21 Bridge News, Reuters Reuters TRADING was extremely sluggish in the run-up to Christmas with few ships reported fixed and rates still weak. Some talked of a possible steadying in Atlantic Panamax rates but with so little business confirmed as fixed there is little evidence so far ro supportBridge News, Reuters; Reuters - 317 words
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Article270 1998-12-23 21 tea a m CWt Mstributton._. 0.4* uneh 3 ChuanHup 0.51 *0.005 3 Cotco tovtstmtfit 0.48 -0.01 T1 FraigMUnki 047 -0.01 877 GBHoWngj 0.37 *0.005 Hal Sun Hup 0.40 -0.01 320 HttKMZOMfl 0.75 *0.05 565 IMC HoMngt HK 5.6 Jay a HoKHngs 0.51 uncft 20 Jurgng Shipyard 7.20 *0.20270 words
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Article, Illustration438 1998-12-23 21 Lu Ning - PSA said to have keen interest in port and city project near Shanghai By Lu Ning {SINGAPORE] The First berth of the Taicang port project which China Ocean Shipping Company (Cosco) plans to develop jointly with PSA Corp was officially launched into438 words
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Article, Illustration82 1998-12-23 21 [AUCKLAND] A police launch moves in beneath a Greenpeace protester tied to the mooring lines of the ageing P&O Nedlloyd container ship Encounter Bay. Greenpeace and an Indian environmental movement claim the ship is on its last voyage and will shortly end up in India where itAFP - 82 words
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791 1998-12-23 21 Seafarer - STRAIT TALK Seafarer OVER the past year there have been repeated calls for a pause in production of new regulations for the shipping industry and a period of consolidation so as to allow the effective implementation of existing791 words
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354 1998-12-23 21 Marcus Hand - HE giant seeking to bny 50%, Rotterdam firm 30% of stevedoring company By] Marcus Hand [SINGAPORE] A tie-up between Hongkong-based terminal operating giant Hutchison Port Holdings (HPH) and Rotterdam Municipal Port Management (RMPM) is emerging as the frontrunner in the bidding354 words
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227 1998-12-23 21 Bridge News [LONDON] The Baltic Exchange is gearing up to develop a capesize shipping index and plans a meeting in mid January to discuss its "shape and size", Jim Buckley, chief executive and secretary of the exchange, said. This comes on the dayBridge News - 227 words
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183 1998-12-23 21 Reuters [SIHANOUKVILLE, Cambodia] Waste believed to be toxic which was dumped at the port here has caused nearly 50,000 people to flee in panic. The waste was dumped by a Taiwan firm, police said yesterday. The exodus left four people dead and 13Reuters - 183 words
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Article, Illustration1050 1998-12-23 22 ASIAN LONG-HORNED BEETLE Insect that enters US by boring into hardwood pallets and crates from China threatens US economy and trade THE point man against the bug that is threatening American woodlands and unsettling imports from China often hears cries for help. Most of1,050 words
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Article331 1998-12-23 22 PAGE FarwkJe 6 AML 3 FoongSun 8 Accord 8 FroU Ahrenkiel 12 Appenship 5 0 Link AsiaOCL 6 rtr>M Austra. 8 <*** M Sic B tang Mas 8 BSA 7 BTL M 4 J-* J Bangladesh 13 J Batamindo 12 Chipolbal 12 CCHI 7 Hvunda 2. I331 words
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Article17720 1998-12-23 29 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Viral V oyage Telephone ETA ETA Advertiser V«u< Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Nam* Name Number Number MMNMNaHNaHMHMMNNHMMMMMMHMPMMMMMMMm HMHHHHHMHMHMHHMIMHHHHMHHMHMN ..y #ad To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (ABJ) 2003 Cot* DI vol re jo/w 25/0117,720 words
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SHIPS IN PORT
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Article815 1998-12-23 35 VmwI »oy Wo Btrth Arrival D«p«rtur« 2 1/98 'Jm alongside 2212/2100 to* Urt* 07/98A J02 akingiKle 22.12/2100 to»4»*rtos 12/98 M alongside 22.12/2300 to toa« *21 JIT alongside 22.12/0400 *2 5828 J02 alongside 2312/2300 6tCd*ra *****6 J01 .to ngside 22.12/W00 6t Mar U«a *****8 J01 alongside 22.12/1400 C Sacctss815 words
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Article1723 1998-12-23 35 Boofclnq/iUUnct Rstls SWp Vov Mo Etb/Btr P*rl<xJ From To From Au Daisy 01* 25/2351 M 22/1500 22/W* 22/1*0 22/15* 22/1*99 22/1*00 U 22/17* 23/0*51 23/0*00 21 22/1700 23/0*51 23/0*00 J 23/0700 23/115* 23/1400 4 23/1200 23/145* 23/1700 2 *340* 24/0700 U 22/1500 22/1*99 22/1*00 22/1500 22/1*5* 22/1*00 2*1,723 words
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Article218 1998-12-23 35 Deo 23 Japan: Emperor's Birthday New Year Holiday. Deo 24 Finland: Christmas Eve. Deo 28 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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Article804 1998-12-23 35 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* In US dollars Instead of tingle price* 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 Individual804 words
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Article481 1998-12-23 35 180 Max W1.0 1» 15.4 o.H 71 0.07 P**" Otftiity Water tmttm Art Mmtokm Wjggt no abow E2S 0 1110 0 MO Aw 988.1 OJ 14.5 0.07 J1 0.02 mam MA ±1!! i"*" m2 10 W6 0.n 61 0.06 Wlr> v/v Wo abow 635 > 0481 words
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AIR&LAND TRANSPORT NEWS
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Article, Illustration296 1998-12-23 36 Plan does not address key issues of strategic partner, infusion of USs2oom in new equity Reuters [MANILA] European creditors have rejected a proposed rehabilitation plan for troubled Philippine Airlines Inc (PAL). The creditors control leases on 12 Airbus jets, which constitute more thanReuters - 296 words
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462 1998-12-23 36 Kennedy airport needs both air-train rail access, passenger terminal Reuters [NEW YORK] The agency that was accused of blocking AMR Corp's plans for a huge new terminal at New York City's John F Kennedy International Airport in a spat over aReuters - 462 words
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Article, Illustration452 1998-12-23 36 Its vulnerability to market trends and currency movements weighs down stock FT [TOKYO] Shares in Honda, the Japanese motorcycle and car maker, slid more than 3 per cent on Monday after the company said car sales in Japan would fall short of expectationsFT; AFP - 452 words
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Article, Illustration87 1998-12-23 36 [HALIFAX] Transport Safety Board of Canada investigator Jim Harris looks over the left fuselage of Swiss Air 111 on the grounds of Canadian Forces Base Shearwater. The wreckage of the MD-11 is being stored at the base near Halifax while investigators piece the aircraftREUTERS - 87 words
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307 1998-12-23 36 Bloomberg [SEATTLE] Boeing Co, the world's biggest jetmaker, had ratings on about US$6.B billion (5511.15 billion) of debt cut by one of Wall Street's credit rating companies as recession in Asia forces it to slash jet production. Moody's Investors Service Inc loweredBloomberg - 307 words
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609 1998-12-23 36 FT [LONDON] Planes absolutely, positively will not fall out of the sky because of the Year 2000 computer flaw, aviation experts insist. It is possible, though, that some will not leave the gate. And a lot of other comput-er-controlled systems, from hotelFT - 609 words
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Article1809 1998-12-23 36 grr fught eta fught no H24S86 i6so lht87 2359 AMaMt AM230 1920 S***** 1650 H***** 2359 LH6381 TOO S***** 2359 saoo too f#m>i som to sq99o pop Amsterdam *1843 0540 S024 2320 CwgfcwWC CZ351 2035 HZ4327 0800 KL838 2335 HMOi VM741 1310 VN742 0905 S0327 00001,809 words
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Page 21 Advertisements
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Advertisement20 1998-12-23 21 US on alert against Asian long-horned beetle Insect that enters US from China threatens US economy and trade. Page 220 words
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Advertisement57 1998-12-23 21 European creditors reject ailing PAL's survival plan Plan does not address key issues of strategic partner, infusion of USs2oom in new equity. Back Page I Sailing Schedules, to Asia More. Any destination, any time. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered57 words
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Advertisement1058 1998-12-23 22 I NORTH AMERICA I I EXPORT I > OTHER DESTINATIONS I SSX SUPER SHUTTU EXPRESS DffiECT TO LA II WEST COAST OF CENTRAL AMERICA (MABQARITA SERVICE) msa w nPSM ICO OH NOU OK MY ■BOtOQTT VISSE VOT. "ST PT.QUTZAI KAJUTU SAW IOtMZO I CORMwT H CAUKRA MBUVWTMM SAUWA grin O°Q1,058 words
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Advertisement93 1998-12-23 22 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW PORT> Hong Kong ft All CMm Porta [IYIBY MB k »UH VltflL) vtsstL vor rrp sin eta no eta not et* yok eta hgo ha osa ASIAN93 words
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Advertisement632 1998-12-23 22 Members of the -m©® l b V Members cf tty? Registry of r«i 1 Singapore Freight Forwarders Accredited Shipping Agents. UOap Association N?'"y Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA SIN ETA MALE Princess lily VMM 2X12/98 2Vli*B #4/11/99 Princess Lily NO 199 14/11/99 15/91/99632 words
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Page 23 Advertisements
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Advertisement727 1998-12-23 23 La I 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 *****0727 words
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Advertisement2052 1998-12-23 23 I HANJIN SHIPPING HANJNJNHMOO) m LTD IM» //mm Imp cm BOOKING 37M73S ?37 SALES *****74 731 DOCUMENT *****71 274 OPHAHOKS *****41 757 MAM UNC *****55 FAX 722)940 CI HO 11 534f3000M TO NW USA A CANADA ~USA CANADA' Ft* VSL VOY MM SM UNI HAUL/VOY Oft TM DO TOI CM2,052 words
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Advertisement498 1998-12-23 23 «SSfl WT_ _SIN_ PR6 VOT SIR W6 ffi USN PUS [nSStI |W I SIN I PK6 |*SSEI 1 W j? j UITCPUSAN lUS 11/12 11/12 20/12 22/12 23/12 1 jft Ilos I 77$ IMIj }|fl t&il mmm in 13/12 15/12 17N 10/12 20/1? 22/1? 24/12 2S/12 I kmtc hcmagaqng lis498 words
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Advertisement1393 1998-12-23 24 DSR-SENATOR LINES TO UK/CONTINENT TOMEDITEKRANEAN/CANADA vt«a hot m lb< wra mm ham mv ax vtnti voy w m ik to mc mi HANJM KEELING MMI 11.12 o*ol M(1 17(1 H(1 11(1 CMOYMMj PMOENU WMMI 11.12 OH Mr «(1 t((1 17(1 PUfiJAI SNA TOR iWK 22 12 M.tl ltd 11 011,393 words
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Advertisement1014 1998-12-23 24 P GUOANG: I J cm NOi laoocrsooooi S»U: (064) 3161T8 MANILA: (632) *****24 V PENANO: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****6 P. KELANQ: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCF6NO (082) *****1-3 BARCELONA SURABAYA MV "P*o NED. AUCK" V.173 MV KOTA BERANI" V.BRNOB3 ETA SIN: 31-12-981,014 words
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Advertisement632 1998-12-23 24 LINE MUARA LABUAH vcsa yor no n* vcsa wr m SPOtf MUAAA SPOtf UN ouuu jm-n vtu/n M/u 27/11 uuu 000-n viti/w 24/12 a/12 sium Hon vsc/w so/12 u/01 shajtshopi vsc/w 30/12 #4/01 OUUAA JMO-32 VOII/00 02/01 OS/01 CAAAKA 000-tt VOII/W 02/01 00/01 STRAITS HOPf VOU/W 10/01 U/01 STIA/TS HOPE632 words
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Advertisement1345 1998-12-23 25 IVEBBEL VOY I SIN SIP PKO PEN PQB PUB SHJ IBA I BIK I IRAN SATTARI PJLI323 24/12 03/01 02/01 04/01 06/01 IRAN TAKHTI PJLI324 02/01 12/01 11/01 13/01 15/01 IRAN BABAEI PJLI326 08/01 18/01 17/01 18/01 21/01 PQB» Mlm Qaboos, DUB > Dubai, SHJ Sharjih. BA Bandar Abbas, BIK1,345 words
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Advertisement1928 1998-12-23 25 W«#kly to ivropi Mr Nrtfl Ivory Monday and Soturdoy I Diroct to IroHtilMfoi Im 20 doys J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/L)~^™T2os!oT "ToHSß^fFK^™™"^™^™"^™^| COSTAR SHIPPING PTE LTD w-mmsbldg sales/bkgs 4205«57/60 inward dipt (D/ 0) *****8S COSTAR AGENCIES (M) SDN BHD 11,928 words
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Advertisement671 1998-12-23 25 i EASTERN CAR LINER, LTD. f_Ej Ed (SINGAPORE) PTE LTD 1 SPECIALIZE IN ROUP HEAVY UFT UPTO 450 TONS ECL (SiNGAPOtC) PTE OB LOAD NG FOR CHITTAGONG/YANGON MANILA/BATANGAS MV "OSCAR VENTURE" V.32 MV "TERESA PRESTIGE" V.2IA ETA SOM 28/12/98 ETA CTG 06/01/99 ETA SN 28/12/98 EIA MNL 03/01 /99 ETAYGN671 words
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Page 26 Advertisements
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Advertisement1140 1998-12-23 26 Iwmmmmmm RmpwMommvwmjmmmuk W ROM AMW HBG THP ZEE LHV LMV THP ROM ANW HBG PKL SGP P RW-M4 27/12 15/01 20/01 IS/MI 18/01 19/01 20/01 E. REFINE RE-010 26/11 2«/11 27/11 30/11 01/12 24/12 RW-007 03/01 22/01 27/01 23/01 25/01 20/01 27/01 E. REACH RE-021 02/12 06/12 04/12 00/12 00/121,140 words
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Advertisement920 1998-12-23 26 sSHOff PACIFIC INTERNATIONAL UNES (PTE) LTD 1 1 140 Cecil Street, #03-00 PIL Building, Singapore *****0. j C» NO: **********06 W m I m ±.M srt S tut la UNA AUSTtAUA 071 23/12 24/12 U/12- 4/1- 7/1 W\ IV7I I IV/1 I j wmcathaiaji m 24/12 lffi~' 1 o/i t//»920 words
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Advertisement600 1998-12-23 26 ft* NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA Vissa 1 vot Isw rtu I out Ijm Icw 1 mmiwa to2ts 27/12 IQ/OI 13/ Di ivw w»mwws V.031S 03/01 11/01 15/01 11/ Dl H/QI 23/P) Goumi Wacom im h/di 20/01 34/01 p/di 21/01 mm HUKKS V.O2AS M/OI 02/02 05/02600 words
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Page 27 Advertisements
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Advertisement466 1998-12-23 27 MB MYANMA pBBk FIVE STAR LINE (Myaraar National Um) loading for Yangon (Rangoon) vtssn voy sin m pin pgu smwt uw su> OAWII 2W SU> MALAYSIA AGENTS: lOUSTUD SHIPPING AGENCIES KUL HI (03)*****00 PKL TO (03)*****01 PEN: TH (04) *****02 PGU: Ttt (07)*****21/4 BANK LINE (A strvkt of Aadrtw Wtk466 words
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Advertisement1656 1998-12-23 27 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. lYtssa voy I sw"l sou la lum I iwt Ikaml Btv rellYßsa voyl sou im itm AMI ham mty Faisal THAMES SS2W 24/12 11/01 14/01 13/01 14/01 API AUMNDBS 30S 30/11 OS/12 02/12 03/12 24/12 MOS& S24W 25/12 14/011S/0110/01 12/01 NOICYPME 0041 02/12 04/121,656 words
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Advertisement1076 1998-12-23 27 nomayon ipaiiuA oi*xcmßn Wilhelmsen Lines TO NORTH AND LATIN AMERICA 'RORO HUVYUFT StRVKr IVKSa VOT RAMP HEIGHT SIN LAX CRI MU SAV BAL ORE NYC WW MM TAPKHA F9Ol 400T«n 6.3* "*****" 24/01 WO2 OS7OTWJto~ W76TWoT 11/02 I*75T 17/02 TAMPA F902 400 Toas 6.3 M 14/01 09/02 U/02 21/02 23/021,076 words
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Page 28 Advertisements
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Advertisement876 1998-12-23 28 BANQKOK/MAP TA PHUT/LAIM CHABANO JAKARTA/MWJ AMO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NANTABHUM" 42SH In Pt 28/12 27/12 GURU BHUM 109S In Pt 27/12 KOTARATNA RNAO7S In Pt 2«/12 GURU BHUM 109 SB 24/12 27/12 KIT! BHUM 06N 24/12 27/12 2C/12 ANRO JAYAKARTA' 0«7 28/12876 words
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Advertisement560 1998-12-23 28 INDONESIA NATIONAL LINE TO EUROPE H EXPngStt SOW-CONTMMERttED SERVICE vot I yww I ra«i/rMa|riu«6 Imwid ImTWHty vissa j ii/» I ti/n h/m own it/w TO AUSTRALIA FULL CONTAINER SERVICE vs. IvoTlnc aw j at IM m> IMaj HM I Ml |w KASU6AI US M/H M/n >4/91 U/t\ 11/01 17/»l OMwawip560 words
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Advertisement943 1998-12-23 28 IVESSELS I VOY SW PKL MLA LEH HH4 HUM lai SOT VHJE D-AQUAWUS U2BW 29/12 30T12 11/P1 2ttPl 22/01 VLLE OE ANTARES L2BW 06AJ1 law 2M)I 3001 VtUEDEVWOO S29W 12ATI IWI 01/02 QaOg VILLE DE VELA N29W 1W 20/01 01/02 06/02 06/02 HW32 12/02 1555 ALSO ACCEPTXG CARQO TO ALL943 words
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Advertisement15 1998-12-23 28 CONVENTIONAL/BREAKBULK SERVICE LOADINO FO* COLOMBO/CALCUTTA JQ.IIM LOADINO FOt DUBAI/BOMBAY 30.1 2.9S LOADINO POD CNITTAOONO SI.IIN15 words
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Page 29 Advertisements
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Advertisement54 1998-12-23 29 I VaTal STE|H~fc Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" I J jpV Select the port and key in SiMbi the four digit code eg: To New York (NYQ 2275 Key in your fax number STMby Enter your phone number 0 Another innovative service offered by The document54 words
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Page 31 Advertisements
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Advertisement145 1998-12-23 31 I FREE Rpddpr Enquiry Sprvicp §>< 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 product145 words
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Page 32 Advertisements
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Advertisement909 1998-12-23 32 m SAMUDERA SHIPPING LINE LTD ■■■i 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 ■riBH TEL *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Cella/Jissica/Mol Chan/Jeslynn/Dora/Hanim En33B23EE3H 7 slgs/week S2SS3SS3M 2 slg/week [VESSEL TVOY SIN [~~JAK909 words
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Advertisement621 1998-12-23 32 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER inssa I yqtagi n*SW6VOW |n*caoM>o| ramAcw smum mm mrm n/wn la/ii/w 1 $»AI mm 27/12/W 01/DI/H OA/01/W SHAUMM OOSHW IQ/DI/W ~~IS/111/* ""WTDT^T" M OOSHW 17/DI/W 27/01/H 27/Pl/* shaumai mm ji/oi/w 05/02/w 10/02/w |SWAJ I QOtHW621 words
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Advertisement386 1998-12-23 32 m FAR EAST 27/12 KEELUNG/KAOHSIUNG 27/12 BANGKOK 27/12 MANILA/CEBU 27/12 JAKARTA/BELAWAN/SURABAYA 27/12 PORT KELANG/PENANG/E MALAYSIA 29/12 BUSAN 27/12 TOKYO/YOKO/KOBE/NGO/OSA 27/12 HONG KONG SIN CHINA (+GH#±»«n) 27/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/OINGDAO/HAIKOU m EUROPE/UK 30/12 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting carQo to EASTERN BLOCK COUNTRIES M USA/CANADA 29/12 LOS ANGELES/NEW YORK all IPI386 words
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Advertisement514 1998-12-23 32 rrrg Singapore Soviet Shipping CPL a H* lOOSOUOOOON |\V Wiihifine Shipping PI VJJJ aitit/smoMK VESSEL VOY SIN BOM PNG PKL SEA SUCCESS 1 0012 28/12 03/01 KOTA RUKUN RKNO23 30/12 07/01 18/01 KOTA RATU RTUO3I 05/01 12/01 24/01 VESSEL VOY SIN CALCUTTA SIH~ M REGINA RGAO77 28-27/12 02/01 10/91 HARIBHUM514 words
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Page 33 Advertisements
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Advertisement923 1998-12-23 33 •SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO m m «T SUt TK MM CM K)W MM NTI ORE SAV NEW jj HOU "I MMUBLflgtt 12/81 24/01 05/01 07/01 21/01 24/01 04/02 07/02 04/03 09/03 10/ M 13/03 17/03 22/03 2*/03 HQWHHMf WW 02/02 01/02 22/01 24/01 14/02 10/02 22/02923 words
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Advertisement1637 1998-12-23 33 IVPSa/YOYAGt SPORI I SOU I RTM I HAM Itt IVKSIL/VOYAg Iw.l m I Hl I, m I TTnw I i NYU ANURfS OOWASO 17.11 0101 04.01 M4l 0001 2581 818 hifl tffl_ STOW JOB MOOT* ISHMgU TOKYO NYR ANOROMfDA 07VMSI 24.12 09.01 11.01 12.01 IUH POaROTHRDAM 04U47 21.11 2111 25.111,637 words
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Page 34 Advertisements
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Advertisement954 1998-12-23 34 I VESSEL VOY SIN MAA SIN 1 TIGER SEA 668N 25-25/12 30-02/01 07 06/01 I TIGER BAY 670N 27-28/12 03-06/01 10-11/01 I TIGER PEARL 671N 3001/01 05-0&01 13-14/01 I TIGER ISLAND 672N 02-03/01 08-11/01 16-17/01 I J BAUHINIA 015 04-05/01 1013/01 18-19/01 I TIGER SEA 673N 07-08WJ1 13-16/01 21-22/01 OAFA954 words
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Advertisement714 1998-12-23 34 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin9singnet.com.sg DIRECT CONSOLIDATION SERVICE ALEXANDRIA (ALY) BUENOS AIRES (BUE) CEBU (CEB) ISTANBUL (IST) IZMIR (IZM) LAEM CHABANG (LCB) MALTA (MLA) PASIR GUDANG (PGU) SAN ANTONIO (STN) SANTOS (SSZ) PLIASI CALL OUR TOLL PRII LINI FOR BOOKINOt 1 SOO-5662R66 Overseas Offices714 words
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Advertisement1259 1998-12-23 34 OOCL (Sinoopore) Pte Lid CFS Keooel Distrok 79 Amon Rood #21-04 (S) *****4 *513 #01-128 1., ~L~ CI MO **********0H W 272 7127 w DM*my i y*A assaaaL.u, (Malaysia) Sdn Bhd fR-g N« *****2-U) nf xS^tSl PfTAUNG JAYA W; 03-756 7776 Fix: 03-754 6657 PENANG fcfc 04-*****45/1 f«: 04-*****43 *****801,259 words
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Page 35 Miscellaneous
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Miscellaneous126 1998-12-23 35 LEGEND: Thunderstorm Temperoture o c >Cs V Shower Weather Wind direction with speed m knots Ran Cloudy Sky Wove height Surface windi ore mdicoted by arrows wfcich fly with the wind X C d€ «*"Wt ond variable winds A__ One half Heche represent, 5 knots w fl#Ch r,p, n,i 10126 words
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