The Business Times, 23 December 1998

Total Pages: 36
1 36 The Business Times
  • 10 1 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, DECEMBER 23,1998
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  • 67 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® SEOUL
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  • 70 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 ZURICH
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  • 970 1  -  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's
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  • 487 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 Chinese
    Reuters  -  487 words
  • 540 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' exposure
    540 words
  • 658 1  -  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
  • Page 1 Advertisements
    • 148 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 Malaysian
      148 words
    • 96 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 76
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    • 8 1 Miyazawa, BOJ chiefsee economy picking up, Pg 3
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  • SINGAPORE AT HOME & ABROAD
    • 387 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 host
      387 words
    • 271 2  -  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 an
      271 words
    • 69 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
    • 654 2  -  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 since
      654 words
    • 747 2  -  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 few
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    • 266 2  -  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 month
      Source:  -  266 words
    • 276 2  -  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
    • 386 2  -  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 its
      386 words
    • NEWSRoundup
      • 51 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 four
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      • 75 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. The
        75 words
  • Page 2 Advertisements

  • ASIA'S ECONOMIC SLUMP
    • 446 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 Japan
      Bloomberg  -  446 words
    • 287 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 held
      AFP  -  287 words
    • 525 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 starts
      Reuters  -  525 words
    • 488 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 to
      Reuters  -  488 words
    • 401 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 Thailand
      Reuters  -  401 words
    • 355 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 an
      Reuters  -  355 words
  • Page 3 Advertisements
    • 139 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. COURSE
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  • REGION
    • 695 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 former
      AFP; Reuters  -  695 words
    • 423 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 fund
      Reuters  -  423 words
    • 320 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 coalition
      AFP  -  320 words
    • 220 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 he
      Reuters  -  220 words
  • Page 4 Advertisements
    • 271 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 to
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  • Page 5 Advertisements
    • 333 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 >
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  • THE REGION
    • 338 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 investors
      Bloomberg  -  338 words
    • 108 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, the
      AFP  -  108 words
    • 231 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 yuan
      AFP  -  231 words
    • 157 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 entity
      Bloomberg  -  157 words
    • 388 6  -  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 a
      388 words
  • Page 6 Advertisements
    • 324 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 handling
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  • THE WORLD
    • 629 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 of
      NYT  -  629 words
    • 430 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 cent
      NYT  -  430 words
    • 299 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 ministry
      AFP  -  299 words
    • 497 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 in
      Reuters; FT  -  497 words
    • 76 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 volunteer
      AFP  -  76 words
    • 491 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. But
      Reuters  -  491 words
    • 316 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 and
      Bloomberg  -  316 words
    • 411 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 borrowed
      AFP  -  411 words
  • Page 7 Advertisements

  • EDITORIAL & OPINION
    • 738 8  -  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 there
      738 words
    • 134 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 UN
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    • 587 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 described
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    • 990 8  -  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 Keynes
      FT; FILE PHOTO  -  990 words
    • 1073 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 fork
      1,073 words

  • EXECUTIVE LIFESTYLE
    • 553 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. Cathy
      LATWP; FILE PHOTO  -  553 words
    • 932 10  -  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
    • 539 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 lead
      LAT-WP  -  539 words
    • 805 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 Museum
      NYT; FILE PHOTO  -  805 words
  • Page 9 Advertisements
    • 463 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 UMrTED
      463 words
    • 147 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, CoOytr
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  • Page 9 Miscellaneous
    • 303 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
    • 692 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 Khas
      692 words


  • BOOK marks
    • 72 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
    • 65 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 create
      65 words
    • 63 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 such
      63 words
    • 117 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 refuses
      117 words
    • 100 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 the
      100 words
    • 58 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 connection
      58 words
    • 52 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) over
      52 words
    • 78 11  -  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 cost
      78 words
    • 183 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 starting
      Bloomberg  -  183 words
    • 634 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 to
      Reuters  -  634 words
    • 874 11  -  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 Davies
      874 words
    • 617 11  -  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 boundless
      617 words

  • COMPANIES& MARKETS
    • 729 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
    • 299 12  -  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 its
      299 words
    • 206 12  -  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's
      206 words
    • 713 12  -  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 have
      713 words
    • 273 12  -  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 Ballas
      273 words
    • 102 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. "This
      102 words
    • 220 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 Pte
      220 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 260 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 Action
        Bernama  -  260 words
      • 328 13  -  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 business
        328 words
      • 210 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 form
        Bloomberg  -  210 words
      • 169 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 Pacific
        Bloomberg  -  169 words
      • 54 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 watch
        AFP  -  54 words
      • 518 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 globalisation
        Bloomberg  -  518 words
      • 523 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 and
        Bloomberg  -  523 words
      • 296 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 with
        Bloomberg  -  296 words
      • 329 13  -  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 most
        329 words
    • COMPANIES/FINANCE & COMMODITIES
      • 560 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 fund
        Bloomberg  -  560 words
      • 90 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 largest
        REUTERS  -  90 words
      • 408 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
      • 229 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 Lynch
        Reuters  -  229 words
      • 491 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 anticipated
        FT; Bloomberg; Source: Bloomberg  -  491 words
      • 286 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 NEC
        Bloomberg  -  286 words
    • FINANCE & COMMODITIES
      • 203 15  -  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 the
        203 words
      • 171 15  -  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 over
        171 words
      • 374 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 benchmark
        Reuters  -  374 words
      • 336 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. "The
        Bloomberg  -  336 words
      • Article, Illustration
        1221 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 ***** 0
        1,221 words
      • 1916 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 3
        1,916 words
    • Article, Illustration
      1268 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 trading
      Reuters  -  1,268 words
    • Article, Illustration
      497 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 to
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  497 words
    • 2265 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 BOC
      2,265 words
    • 349 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 on
      AFP  -  349 words
    • 1602 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 on
      Bloomberg  -  1,602 words
    • KUALA LUMPUR STOCK MARKET
      • 8778 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 Bar
        8,778 words
      • 396 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
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1959 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 asm
        1,959 words
      • 178 18  -  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 are
        178 words
      • 183 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 *****/4
        183 words
    • 245 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» «o
      AFP  -  245 words
    • Article, Illustration
      756 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 66
      AFP  -  756 words
    • 390 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 Posco
      AFP  -  390 words
    • 586 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
    • Article, Illustration
      696 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 with
      AFP  -  696 words
    • 282 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 9
      AFP  -  282 words
    • 6320 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 unch
      6,320 words
    • 1165 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 10.5
      1,165 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        326 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 Foreign
        326 words
      • 657 20  -  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, livening
        657 words
      • ON THE GRAPEVINE
        • 56 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 to
          56 words
        • 88 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 the
          88 words
        • 74 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 hub
          74 words
        • 152 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
        • 81 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 by
          81 words
      • Article, Illustration
        64 20  -  ii (i iui -by Wong Wei Kong DBS Land closed up $0.13 at $2.46 yesterday on a volume of 15.3 million shares, compared with its 10-day traded average of 7.14 million units. The daily and weekly RSI and Stochastics suggest limited upside in the near term, and this
        64 words
  • Page 12 Advertisements
    • 46 12 B V LG A R I The Bvlgari-Bvlgari watch. Automatic or quartz movement. From S 2,300 Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 73$ 6689 and: Dickson Watch Jewellery, The Promenade 732 8900 Centrepoint 734 $822 Suntec City Mall 336 4871
      46 words

  • Page 13 Advertisements
    • 52 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 f
      52 words





  • Page 18 Advertisements
    • 82 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 DmiiMrf
      82 words

  • Page 19 Advertisements
    • 61 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 1
      61 words

  • Page 20 Advertisements
    • 576 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 LTD
      576 words
    • 543 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 on
      543 words
    • 343 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 *****7
      343 words
    • 107 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 11.00
      107 words
    • 18 20 Use"creative recruitment Ads to 'ClaSS^^ ca t enhance your corporate image. Bean a« 1 Efl| BCtWJSLcg^B 36^^ s
      18 words

  • SHIPPING TIMES
    • 317 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 support
      Bridge News, Reuters; Reuters  -  317 words
    • 270 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 *0.20
      270 words
    • 438 21  -  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 into
      438 words
    • 82 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 it
      AFP  -  82 words
    • 791 21  -  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 existing
      791 words
    • 354 21  -  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 bidding
      354 words
    • 227 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 day
      Bridge News  -  227 words
    • 183 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 13
      Reuters  -  183 words
    • 1050 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 of
      1,050 words
    • 331 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. I
      331 words
    • 17720 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 25/01
      17,720 words
    • SHIPS IN PORT
      • 815 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 Sacctss
        815 words
      • 1723 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
      • 218 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: Christmas
        218 words
      • 804 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 Individual
        804 words
      • 481 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 > 0
        481 words
    • AIR&LAND TRANSPORT NEWS
      • 296 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 than
        Reuters  -  296 words
      • 462 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 a
        Reuters  -  462 words
      • 452 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 expectations
        FT; AFP  -  452 words
      • 87 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 aircraft
        REUTERS  -  87 words
      • 307 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 lowered
        Bloomberg  -  307 words
      • 609 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 hotel
        FT  -  609 words
      • 1809 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 0000
        1,809 words
  • Page 21 Advertisements
    • 20 21 US on alert against Asian long-horned beetle Insect that enters US from China threatens US economy and trade. Page 2
      20 words
    • 57 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 offered
      57 words

  • Page 22 Advertisements
    • 1058 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°Q
      1,058 words
    • 93 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 ASIAN
      93 words
    • 632 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 15/91/99
      632 words

  • Page 23 Advertisements
    • 727 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 *****0
      727 words
    • 2052 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 CM
      2,052 words
    • 498 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 lis
      498 words

  • Page 24 Advertisements
    • 1393 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 01
      1,393 words
    • 1014 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: 31-12-98
      1,014 words
    • 632 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 HOPE
      632 words

  • Page 25 Advertisements
    • 1345 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, BIK
      1,345 words
    • 1928 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 1
      1,928 words
    • 671 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 ETAYGN
      671 words

  • Page 26 Advertisements
    • 1140 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 00/12
      1,140 words
    • 920 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
    • 600 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 05/02
      600 words

  • Page 27 Advertisements
    • 466 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 Wtk
      466 words
    • 1656 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 04/12
      1,656 words
    • 1076 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 23/02
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  • Page 28 Advertisements
    • 876 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 28/12
      876 words
    • 560 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 OMwawip
      560 words
    • 943 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 ALL
      943 words
    • 15 28 CONVENTIONAL/BREAKBULK SERVICE LOADINO FO* COLOMBO/CALCUTTA JQ.IIM LOADINO FOt DUBAI/BOMBAY 30.1 2.9S LOADINO POD CNITTAOONO SI.IIN
      15 words

  • Page 29 Advertisements
    • 54 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 document
      54 words


  • Page 31 Advertisements
    • 145 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 product
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  • Page 32 Advertisements
    • 909 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 [~~JAK
      909 words
    • 621 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 QOtHW
      621 words
    • 386 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 IPI
      386 words
    • 514 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 HARIBHUM
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  • Page 33 Advertisements
    • 923 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 22/02
      923 words
    • 1637 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 25.11
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  • Page 34 Advertisements
    • 954 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 OAFA
      954 words
    • 714 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 Offices
      714 words
    • 1259 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 *****80
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  • Page 35 Miscellaneous
    • 126 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 10
      126 words