The Business Times, 24 December 1998
1998-12-24
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The Business Times
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Title Section14 1998-12-24 1 MIT A (P) 04(yi2/98 \£se THE BUSINES TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, DECEMBER 24,199814 words
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Article66 1998-12-24 1 DMMB(-27J7) D«OW (-1162) risaisciFimjKEs mm 53L73 (-3.69) |"T MARKET BOOD: mm Dmti STOCK MA1KET INDICES Wednesday Change KLSE COMP Mil 1 >1181 NIKKEI Ctad HANOSENG 10.158.7S ***** SET INDEX >4417 *933 JAKARTA COMP 4MX8 U6 MANILA OOMP _l,»It4$ *1180 TAIPH WPI IjNMK -M.U SEOUL COMP KUS *178 CLSA66 words
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Article69 1998-12-24 1 FOBEX BATES USt SI U» UK £<U8l/SSper£) 1.(81 1781 Ml IJ79 0JI1 YEN 11U 1.4X3 KM im 0.435 HKS 7.741 AIM BART JUft AMI KJPIAH 7,771 OH I •atrnmmrn FUME SATES SINGAPORE* _lll KUALA LUMPUR 1L6« JAKARTA J8JI BANGKOK 14.75 MANILA 8J HONGKONG TAIPH .8.80 SYDNEY 8.46 TOKYO in69 words
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834 1998-12-24 1 Eddie Toh - Exit tax or most-favoured investor system under consideration From Eddie Toh in Kuala Lumpur MALAYSIA is poised to relax the one-year freeze on the repatriation of proceeds from the sale of equities by foreigners as part of its plan to834 words
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417 1998-12-24 1 S&P sees credit casts of these Japanese banks rising sharply Bloomberg [TOKYO] Daiwa, Sumitomo and five of Japan's other largest banks have had their credit ratings cut by Standard Poor's, with Daiwa's counterparty rating dropping to "junk". The cuts leave onlyBloomberg - 417 words
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534 1998-12-24 1 Perc: Future FDI likely to come from N America, EU AFP [SINGAPORE] South-east Asia's attraction for foreign direct investments will wane due to its debilitating financial crisis, benefiting the Greater China region, a report said yesterday. The Political and Economic RiskAFP - 534 words
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475 1998-12-24 1 Report is their own assessment of the market, they say (SINGAPORE] Property consultants say their recent report calling on the government to rein in land supply and help stimulate the private housing market is not intended to help developers but to convey475 words
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Page 1 Advertisements
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Advertisement137 1998-12-24 1 mSIDE Fed keeps Merest rates unchanged Full report Pg 7 Credit npiTß Derivatives-linked credit exposure of major banks and dealers amounts to around US$l.2 trillion or 11% of global banking assets, the Bank fixInternational Settlements said (Mi Tuesday, Pg 12 Bonds will perform better than equities in 1999, as liquidity-driven137 words
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Advertisement49 1998-12-24 1 PSA rebuts PSA Corp's rates are among the lowest and most competitive of the world's major ports. They also provide value for customers, said PSA Corp in response to a Malaysian parliamentary secretary's claim that charges at Port Klang were lower than Singapore's. Full report, Shipping Times Pg 149 words
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Advertisement159 1998-12-24 1 n I RKU Business is business, says Tung Chee-hwa [HONGKONG] Chief Executive Tung Chee-hwa, seen here yesterday at a Christmas party for children at Government House, has pledged support for a good business climateandthe honouring of business contracts. The remarks were widely interpreted here as an implicit endorsement of tycoon159 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration644 1998-12-24 2 Carol Eng - It's pushing into HDB estates amid keen competition in electrical retail By Carol Eng JAPAN-LISTED Best Denki plans to open at least another 13 stores in Singapore, notwithstanding the recent entry of UK powerhouse Kingfisher to the local electrical retailing market.ARTHUR LEE - 644 words
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160 1998-12-24 2 BONUSES declared or due on or before Dec 31,1998 will attract CPF contributions at 1998 CPF rates even if they are paid in 1999, the Central Provident Board clarified yesterday in response to queries from some employers. On the other hand, bonuses declared or160 words
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311 1998-12-24 2 Telco'll bear $3.7 m of $15m programme to train 1,700 staff SINGAPORE Telecommunications yesterday launched the Skills Redevelopment Programme for the telecommunications industry with a plan to train 1,700 workers at a cost of over $15 million. Sing Tel will bear $3.7 million of the311 words
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Article50 1998-12-24 2 IN our report yesterday headlined "Up to 10% of ad agencies here expected to fold as crisis bites", Television Corporation of Singapore was listed as one of Leo Burnett's clients. Leo Burnett has clarified that TCS is not among its customers. We are sorry for the error.50 words
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Article, Illustration318 1998-12-24 2 Audrey Tan - EYE ON THE ECONOMY Inflation By Audrey Tan CONSUMER prices dropped for the sixth straight month in November, falling 1.5 per cent over the same period last year, figures released yesterday by the Department of Statistics (DOS) show. As in previous months, the fall canSource: Dept of Statistics - 318 words
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Article, Illustration74 1998-12-24 2 [SINGAPORE] It's one day to Christmas, and shoppers are thronging Orchard Road. Despite the rise ofsuburban shopping malls, the festive air of Orchard Road this time of the year is hard to beat. This Warner Brothers cartoon character outside Ngee Ann City will see to that Still, itARTHUR LEE - 74 words
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170 1998-12-24 2 OWNERS of landed properties can save time and money if they take advantage of the recent relaxation of rides on building approval for minor building works, the Building Control Division (BCD) of the Public Works Department said yesterday. BCD said it has amended the170 words
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Advertisement90 1998-12-24 2 FLIGHT DELAY ALERT www.gstravel.com. Hhhk contempßßßH 5 MOffSI z E ciisin ■p ILxclusive J Christmas Menu For All [December special Functions complimentary glass This Coming ouse p° ur Hr M white wine when vou I I Festive lunch with us and a a Season g i ass of sparkling wine90 words
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Advertisement7 1998-12-24 2 Takes you behind the news TheßusinessTimes IRQAPOII7 words
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Page 3 Advertisements
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Advertisement852 1998-12-24 3 drW® H| T 1 mm I Pikincr i vUVII 1 1 m W O ur In Annual Report 1997, I said that Financial Year 1998 difficult challenging. We |h our business to be adversely affected by the economic < W^ S ,n the region but little did we realize that852 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration622 1998-12-24 4 Shoeb Kagda - To be announced in Jan 5 budget, they will cut cost of recapitalising banks From Shoeb Kagda in Jakarta THE Indonesian government plans to issue index bonds to repay Bank Indonesia (BI) for the liquidity support it extended to622 words
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361 1998-12-24 4 Bloomberg [JAKARTA] Indonesia expects to receive the largest share of the US$3O billion (5549.5 billion) Japan is offering Asia's struggling economies under the "Miyazawa Plan", said Indonesia's Coordinating Minister for Economy and Finance Ginandjar Kartasasmita. "We are the biggest country here of theBloomberg - 361 words
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456 1998-12-24 4 It's good news for Seoul second time around after similar plans by Moody's Reuters [SEOUL] South Korea yesterday received another Christmas gift when a second international rating agency said it would review the country for a possible upgrade from its currentReuters - 456 words
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209 1998-12-24 4 AFP [BANGKOK] The Thai government has allocated 35 billion baht (Ssl.6 billion) to a new fund to support cashstrapped small and medium sized enterprises (SMEs), a cabinet statement said here yesterday. The fund will begin lending to SMEs next year,AFP - 209 words
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Page 4 Advertisements
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Advertisement274 1998-12-24 4 I It is that time of the year again, where the festive moods are in full swing and shopping and entertaining forms your daily routine. And like any other time of the year, your credit cards come in handy. Here are some useful tips on using and handling your credit274 words
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REGION
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Article, Illustration728 1998-12-24 5 ANWAR'S TRIAL Judge blacks out taped conversation between her and business associate AFP [KUALA LUMPUR] The woman behind sex charges against ousted deputy premier Anwar Ibrahim admitted yesterday she had met with one of Malaysia's most powerful politicians beforeAFP - 728 words
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566 1998-12-24 5 Eugene Low - More visitors in Jan-Nov this year than in entire 1997 By Eugene Low [SINGAPORE] There has been no let-up in the stream of arrivals to Bintan Resorts following last Saturday's protest against inadequate land compensation by angry villagers, a spokesperson566 words
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313 1998-12-24 5 JAKARTA Ex-president's replies in Timor car probe being cross-checked AFP FURTHER checks are needed before former Indonesian president Suharto can be declared a suspect in a corruption case, Attorney-General Andi Ghalib said yesterday. "Based on information obtained from those questioned, it looksAFP - 313 words
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129 1998-12-24 5 JAKARTA Reuters INDONESIA'S armed forces yesterday opened the court martial of 11 elite special forces troops charged with kidnapping anti-Suharto activists in an operation tagged "Operation Rose". Prosecutor Harom Wijaya told the packed Jakarta courtroom that ringleader Major Bambang Wisyono hadReuters - 129 words
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319 1998-12-24 6 BEIJING Report also cites poor-quality loans, surplus products AFP CHINA'S obsession with reaching its 8 per cent growth target has prompted banks to offer loans without conducting proper client investigations and enterprises to churn out stockpiles of surplus products. In addition,AFP - 319 words
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237 1998-12-24 6 SHANGHAI Reuters CHINA has unveiled new rules for 1998 annual reports, ordering listed companies to detail the impact of any asset restructuring on their results, the Shanghai Securities News said yesterday. A number of listed firms have carried out asset restructuring this yearReuters - 237 words
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Article98 1998-12-24 6 BEIJING AFP CHINA is expecting a bumper 490 million tonne grain harvest in 1998 despite disastrous flooding that swept through the nation over the summer, Agriculture Minister Chen Yaobang said yesterday. "Total grain production in China this year will exceed 490 million tonnes, reaching more or lessAFP - 98 words
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Article, Illustration92 1998-12-24 6 [SEOUL] Riot policemen yesterday falling from a crane during an attack on a building in the Chogye Temple, the headquarters of Korean Buddhism, in Seoul. More than 20people were injured, including many policemen hit by roof tiles and other projectiles. Riot police raided the templeAFP - 92 words
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Article, Illustration723 1998-12-24 6 Lu Ning - CHINA WATCH After 20 years of economic reforms, Betylng now needs to think about political transition By Lu Ning AFTER Deng Xiaoping ordered a militaiy crackdown on student protest in June 1989, a former top CIA analyst working for the Rand Corporation723 words
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513 1998-12-24 6 Quak Hiang Whai - No party named but HE chief exec says all business deals must be honoured From Quak Hiang Whai in Hongkong HONGKONG Chief Executive Tung Chee-hwa, a friend and former business associate of Li Ka-shing, yesterday indirectly backed the tycoon's controversial remarks about513 words
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352 1998-12-24 6 SHANGHAI Central bank not pumping US$ into market: economist Bridge News CHINA'S foreign exchange reserves are still growing, a senior official at the State Administration of Foreign Exchange (Safe) told Bridge News yesterday. The official denied that there had been any decline inBridge News - 352 words
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315 1998-12-24 6 BEIJING Draft law also shields A share market from foreign investors Reuters A DRAFT of China's securities law states that the heads of the nation's stock exchanges will be appointed by the securities market regulatory body, the official Xinhua news agency saidReuters - 315 words
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318 1998-12-24 6 HONGKONG AFP HONGKONG'S property market faces another gloomy year in 1999 and recent signs of recovery are likely to prove premature, a leading investment bank said in a report received yesterday. Credit Suisse First Boston said high real interest ratesAFP - 318 words
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Page 5 Advertisements
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Advertisement132 1998-12-24 5 .zL*-„ Vk «1..:.S ,^hPSHßßßpßflßfl|||^HßHflßß||^^^^^^^^HH||||Ki j*" 7- L^* l^.-^- B 11 aE^l The Audi A 6. The epitome of luxury and advanced engineering is now even more alluring. With our Special Finance Scheme of a 3% interest rate*, this is a good time to reward yourself with one. We've also thrown132 words
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Page 6 Advertisements
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Advertisement10 1998-12-24 6 Foreign Investors won't take Li Ka-shing's comments lightly, Pg 1010 words
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THE WORLD
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732 1998-12-24 7 WASHINGTON Decision in line with forecasts; Fed seen waiting for expected slowdown in 1999 Reuters THE Federal Reserve wrapped up a tumultuous year in world financial markets by keeping US interest rates unchanged on Tuesday, holding its fire until itReuters - 732 words
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485 1998-12-24 7 WASHINGTON Bloomberg THE US economy grew at a more restrained pace than previously estimated during the third quarter, reflecting a weaker trade picture, revised Commerce Department figures showed. The gross domestic product rose at a 3.7 per cent annualBloomberg - 485 words
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503 1998-12-24 7 WASHINGTON Bloomberg RUSSIA will get a US$4OO million (*****.6 million) loan from the World Bank, the country's first big infusion of funds since August, when the government defaulted on debt payments and allowed the currency to plunge. The money, which the government willBloomberg - 503 words
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377 1998-12-24 7 SYDNEY Bloomberg ORACLE chairman and chief executive Lawrence Ellison said America Online's US$4.3 billion (Ss7.l billion) takeover of Netscape Communications proves Microsoft's monopoly in operating systems has caused serious damage to its competitors. "I would say the absolute death of Netscape, the erasing ofBloomberg - 377 words
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Article, Illustration73 1998-12-24 7 [BONN] German Chancellor Gerhard Schroeder playing with a football during a reception for "Sternsinger"or carol singers in the chancellory in Bonn on Tuesday. Mr Schroeder received the ball as a symbol of the globe, to kick off this year's charity campaign with more than halfaAFP - 73 words
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277 1998-12-24 7 WASHINGTON Bloomberg DEMOCRATIC Senator Chris Dodd said he expected senators would agree on a framework for censuring President BUI Clinton during the holiday break and could tentatively settle on a resolution before Jan 6, when the Senate reconvenes. "This is a significant crisis,"Bloomberg - 277 words
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450 1998-12-24 7 ABOARDTHEUSS ENTERPRISE But Cohen says US forces can still hit Iraq hard any time AFP US Defence Secretary William Cohen yesterday said that up to 9,000 troops and vital aircraft will be withdrawn from the Gulf, but warned that US forces could stillAFP - 450 words
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Article, Illustration410 1998-12-24 7 Neil Behrmann - From Neil Behrmann in Ixmdrm BRITAIN'S Labour party was rocked yesterday by the resignations of Trade and Industry Secretary Peter Mandelson and Treasury Minister Geoffrey Robinson. The resignations followed disclosures of a secret £373,000 (551.03 million) loan to Mr Mandelson fromAFP - 410 words
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EDITORIAL & OPINION
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Article, Illustration822 1998-12-24 8 Robert Samuelson - THE BOTTOMLIKE OPINION By Robert Samuelson Washington Post Writers Group THE American constitutional order that confusing blend of what the Constitution says and how it's interpreted and practised in the real world has been changing from almost the moment of the Constitution's conception. ItWashington Post Writers Group - 822 words
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Article62 1998-12-24 8 The objective we all have in the Security Council is for Iraq not to become a danger again, and with everything that has been inspected and monitored, and all that has been destroyed, we think we can move from inspecting the past, so to speak, to making62 words
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Article671 1998-12-24 8 EDITORIAL THE International Monetary Fund seems to have finally found the voice to say that Western bankers should have been better prepared for losses in world markets and, more importantly, that United States and European regulators are not doing enough to rein in lenders' exposure671 words
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Article, Illustration889 1998-12-24 8 Wolfgang Munchau - But Germany's Bundesbank will stay a benchmark against which ECB will be measured By Wolfgang Munchau FT THE start of European economic and monetary union in eight days marks the end of a short but remarkable time during which Germany's Bundesbank, guardianFT; FILE PHOTO - 889 words
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Article, Illustration1137 1998-12-24 8 Point man against Clinton GEORGIA representative Bob Barr gives an answer to why so many House Republicans defy public opinion... and are willing to paralyse the government to nail US President Clinton. He says they are fighting a civil war. Since November 1997, Mr Barr has1,137 words
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EXECUTIVE LIFESTYLE
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Article, Illustration657 1998-12-24 9 T R REID - A cappuccino maker for the Brits, a Nokia for Finns and Diddl for Austrians, says trseid T R REID LAT-WP IN coffee-crazed London, it's a solar-powered cappuccino maker. In high-tech Helsinki, it's a palm-sized Internet terminal. In miniature-minded Tokyo, it's the world's lightest cellularLAT-WP; FILE PHOTO - 657 words
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Page 9 Advertisements
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Advertisement676 1998-12-24 9 Where to wine, dine and entertain... S--g|ai«S €llfefr *IMIIl Ml1 st**;* "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. Ist 2U VMnri Mm untvtor antoria Mon676 words
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Advertisement154 1998-12-24 9 -HarfC- Thfr -H^ra/d--'Ballroom Dancing, ±w A yfl at The Neptune 011 Christmas Day with exciting festive offerings P^jp\ lucky c raw p r zcs! Date: 25 Dee 1998, Bpm Pricing: $40 nett per person (ujitfi dinner) SlB nett per person (one standard drink only) Reservations: 224 3922 &V ffifift&UM U154 words
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Page 9 Miscellaneous
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Miscellaneous1213 1998-12-24 9 CRYPTIC CROSSWORD 1 I'm a bank that returns folded sheets. Japanese (7) 9H M| M| H| 5 Start to sugar small number of coffees or teas? (7) 9 9 Where archbishops' leader in I I 111 places are found? (7) H| H|| M| 10 Kicks out of disco once bus1,213 words
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COMPANIES & MARKETS
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542 1998-12-24 10 Wong Wei Kong - Liquidity-driven stock market rallies can't be sustained amid slower growth By Wong Wei Kong [SINGAPORE] Bonds will perform better than equities in 1999, as liquidity-driven stock market rallies are unlikely to be sustained in an environment of slower economic growth, says Merrill Lynch542 words
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618 1998-12-24 10 Wong Wei Kong - Two 10-year issues due in one month for the first time in Jan By Wong Wei Kong [SINGAPORE] January 1999 promises to be another milestone in the development of the Singapore bond market. For the first time, two 10year issues are expected618 words
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777 1998-12-24 10 Quak Hiang Whai - HOCK LOCK SIEW Quak Hiang Whai WELL, it looks like Li Hashing has just about had it. For years, the chairman of Cheung Kong (Holdings) has been extremely careful with his comments on domestic politics. The media-friendly tycoon usually has good things777 words
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Article, Illustration604 1998-12-24 10 Rahita Elias - Poor results due mainly to revamp of Europe operations By Rahita Elias [SINGAPORE] Luxury watch manufacturer and retailer The Hour Glass has slipped into the red, posting a halftime net loss of $4.9 million due mainly to the restructuring ofFILE PHOTO - 604 words
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169 1998-12-24 10 Bloomberg [SINGAPORE] DBS Bank's foreign shares fell 3.8 per cent yesterday after the biggest bank in South-east Asia by assets denied speculation it is selling its stake in DBS Land, Singapore's second-largest publicly traded property developer. On Tuesday, the bank's foreign sharesBloomberg - 169 words
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187 1998-12-24 10 Reuters [KUALA LUMPUR] The Malaysian Securities Commission has rejected stockbroker OSK Holdings Bhd's plan to buy 70 per cent of MBf Northern Securities Sdn Bhd in northern Peninsular Malaysia. But OSK said the market watchdog had approved its plan to open aReuters - 187 words
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COMPANIES
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COMPANY Briefs
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Article67 1998-12-24 11 (SINGAPORE] Jardine Matheson Holdings yesterday said it has appointed Richard Lee and E P K Weatherall as directors with effect from Jan 1. Dr Lee is currently chairman of TAL Apparel, and is also a director of Mandarin Oriental and of Jardine Strategic Holdings, from which67 words
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Article43 1998-12-24 11 [SINGAPORE] Delgro Corp said its subsidiary SBS Leisure has acquired Singapore Sightseeing (Private) Limited's stake in Singapore Sightseeing Tour East. The acquisition of the 36,750 shares for $797,179.40 raises SBSL's shareholding in SSTE to 100 per cent.43 words
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64 1998-12-24 11 [SINGAPORE] Hitachi Zosen Singapore said Takeshi Tenjin has resigned as executive chairman with effect from Dec 31. He will remain non-executive director. Christine Chan Meng Yook and Melissa Anne Teo-Eu Leng have also resigned as joint secretaries with effect from Jan 2. In their place64 words
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Article51 1998-12-24 11 [SINGAPORE] David Lim Teck Hiang has sold shares amounting to 3.76 per cent of Freight Links Express Holdings. The FLEH founder's transactions were done between Friday and Tuesday for between 17.5 and 26.5 cents per share. Mr Lim now owns 55.4 per cent of Freight51 words
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Article39 1998-12-24 11 [SINGAPORE] DBS Bank yesterday said it had incorporated a new wholly-owned subsidiary, DBS Group Holdings (Hong Kong) Ltd, on Dec 2. The new company's authorised share capital is HK$lOO,OOO (5521,360), of par value HKSO.IO each.39 words
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Article89 1998-12-24 11 [SINGAPORE] US firm CSC Computer Sciences Int'l has in the last two days bought another 0.22 per cent or 291,000 shares in CSA Holdings at $1.02 apiece, raising its stake in the company to 31.4 per cent (or 40.2 million shares). CSC is presently89 words
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Article83 1998-12-24 11 A NEWS agency report in BT yesterday gave RM29.241 billion as the value of Clob shares at Sept 15. A Singapore stock exchange source has pointed out that the Figure did not come from the Stock Exchange of Singapore Journal as quoted in the report. It is83 words
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194 1998-12-24 11 Bloomberg [HONGKONG] Hongkong's stock exchange lost its spot in the world's top 10 exchanges by market capitalisation this year, falling two positions to rank below Milan and Madrid. Hongkong's market capitalisation slid 18.4 per cent to U*****.1 biUion (*****.8 billion), theBloomberg - 194 words
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Article, Illustration490 1998-12-24 11 Planned disposals in next 6 months represent 15% of total assets Bloomberg [KUALA LUMPUR] Amsteel Corp, one of Malaysia's biggest industrial groups, plans to sell 1.6 billion Malaysian ringgit (***** million) worth of assets in the next six months to raiseBloomberg - 490 words
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Article, Illustration66 1998-12-24 11 [PUNE, India] Ratan Tata, chairman of Tata Engineering and Locomotive Company Ltd posingfor photographers in front of the "Indica a new car launched by the company m Pane, a town 170 km north of Bombay, on Monday. The car is a 1.4 litre indigenously developedREUTERS - 66 words
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444 1998-12-24 11 HE group has high gearing levels, plans rights issue AFP [HONGKONG] Hongkongbased Lai Sun group, whose chairman Lim Por-yen has been indicted for alleged corruption in Taiwan, is planning to sell hotel assets amid a credit crunch, group officials said yesterday. TheAFP - 444 words
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Article175 1998-12-24 11 Reuters [JAKARTA) Indonesian noodle giant PT Indofood Sukses Makmur planned to seek shareholder approval in January for a new president director in the company, an official said yesterday. "President director of Indofood Anthony Salim and a commissioner, Sudwikatmono, are expected to be replaced," saidReuters - 175 words
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305 1998-12-24 11 Thai firm also to delist Siam Tyre by buying shares Bridge News Bridge News, AFX-Asia (BANGKOK] Siam Cement pic is in talks with Toyota Motor Corp to sell further stakes in joint ventures as part of the Thai group's restructuring.Bridge News; Bridge News, AFX-Asia - 305 words
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175 1998-12-24 11 Reuters [JAKARTA] Indonesia's PT Lippo Bank won approval from shareholders yesterday to launch a rights issue of 17.1 billion shares with a nominal price of 10 rupiah each. "The rights issue will raise some 4.7 trillion rupiah (*****.7 million)," Lippo Bank said in aReuters - 175 words
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COMPANIES / FINANCE & COMMODITIES
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465 1998-12-24 12 A BIS study of 75 banks and dealers in 6-10 states puts exposure at 11% of global banking assets AFP [BASEL] Derivatives-linked credit exposure of major banks and dealers amounts to around US$l.2 trillion (Ss2 trillion) or 11 per cent of globalAFP - 465 words
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Article, Illustration545 1998-12-24 12 It will get USsl6om of tax breaks for rejecting a USslb New Jersey offer Bloomberg Reuters [NEW YORK] The New York Stock Exchange reached a preliminary agreement to stay in New York City in exchange for the largest subsidy inBloomberg; Reuters; FILE PHOTO - 545 words
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597 1998-12-24 12 After heavy losses in global financial turmoil, firms now settling for safer smaller profits Reuters [NEW YORK] Sobered by the global financial turmoil that hurt their profits. Wall Street firms are taking less risk in their trading but may see fewer rewards asReuters - 597 words
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413 1998-12-24 12 Shares jump 15% and are likely to keep surging, say analysts Bloomberg [SEOUL] Korea Telecom shares rose by their maximum allowable 15 per cent limit on their first trading day and could match that performance for days to come. Shares in Korea's largestBloomberg - 413 words
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Article, Illustration449 1998-12-24 12 Reuters [PALO ALTO, California] Quarterly profits posted by 3Com Corp, the No 2 computer networking maker, sailed past Wall Street forecasts on the strength of brisk worldwide sales of new products, particularly in Western Europe. The company on Tuesday said profit beforeReuters; FILE PHOTO - 449 words
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Article315 1998-12-24 12 16-23% growth due to management consulting boom FT [LONDON] The Big Five global professional services firms are pulling away from their middle-tier international competitors as double-digit growth is powered by an unprecedented boom in management consulting. Figures published on Tuesday show that the Big FiveFT - 315 words
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COMPANY Briefs
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97 1998-12-24 12 Bloomberg [WASHINGTON] Mattel Inc and three other companies are voluntarily recalling more than 10.1 million toy basketball hoop sets in one of the largest toy safety recalls ever. The action, in coordination with the US Consumer Products Safety Commission, follows 20 incidents inBloomberg - 97 words
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61 1998-12-24 12 Bloomberg (SAO PAULO] Citigroup agreed to sell its 50 per cent stake in Brazil's Banco Patrimonio de Investimentos SA to the investment bank's controlling shareholders, as it eliminates redundancies created by the recent merger of Citicorp and Travelers Group Inc. Banco Patrimonio isBloomberg - 61 words
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72 1998-12-24 12 Bloomberg [WASHINGTON] A former Salomon Brothers Inc analyst Jack D Seibald will pay U*****,000 (*****,560) to settle US Securities and Exchange Commission charges that he passed inside information on to friends and relatives, who made at least US$2OO,OOO in trading profits. Without admitting or denyingBloomberg - 72 words
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95 1998-12-24 12 Bloomberg [STAMFORD, Connecticut] GE Capital Corp, the world's largest non-bank finance company, bought the Swedish equipment finance business of ABN Amro Holding NV, doubling the size of GE Capital's equipment lending business in Sweden. The purchase adds US$35O million (*****.4 million) in financing assetsBloomberg - 95 words
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69 1998-12-24 12 Reuters [NEW YORK] Bermuda insurance firm Ace Ltd said on Tuesday it was in talks to buy the property and casualty business of Cigna Corp in a deal that could be worth more than US$3 billion (554.9 billion). The firms said in a statementReuters - 69 words
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Article, Illustration87 1998-12-24 12 Reuters [SAN FRANCISCO] Shares of Apple Computer Inc jumped on Tuesday after its iMac consumer PC (pictured above) was named by US market research firm PC Data Inc as the top-selling personal computer at retail during the month of November. The iMac accounted for 7.1Reuters - 87 words
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FINANCE & COMMODITIES
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Article200 1998-12-24 13 Neil Salter, Jardine Fleming - SSMEXReports MS& Singapore Index Neil Salter, Jardine Fleming TRADERS' attention seemed to be focused on the Christmas holiday, as both the MSCI Singapore contract and the underlying cash market failed to hold Tuesday's gains in the early session. The opening traded price in the lead December200 words
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Article191 1998-12-24 13 Cecilia Woo, Refco Singapore - MSCI Taiwan futures Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures could not sustain its holding power like yesterday, despite optimistic views. There was a 4.9 point slide in the December 98 contract and a slide of 5.5 in the January 99191 words
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Article348 1998-12-24 13 ENERGY REPORT Reuters [LONDON] Oil prices pushed up gingerly yesterday but an obstinate global supply glut robbed the gains of any conviction. International benchmark Brent struggled to US$lO.lO by 1200 GMT, up nine US cents but barely half a dollar above fresh 12-year lowsReuters - 348 words
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Article327 1998-12-24 13 Bloomberg AFX-Asia London THE dollar was slightly firmer, supported by modest gains on Wall Street and stronger than expected US data. Data released showed orders for durable goods rose 1.0 per cent in November, compared to expectations for a 0.2 per cent increase. Dealers said the remaining highlightBloomberg; AFX-Asia - 327 words
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Article, Illustration1260 1998-12-24 13 INTERBANK CROSS RATES y A$ C$ Bwt ECU Ffr Dm HK$ Ind >» Buplah Yew Won Ml NZ$ P«k ti Peso S$ tand Sfr NTS Bafct Po—d U$$ Australia 0.953 6.178 0.522 3.439 1.025 4.754 26.122 47.739 0.714 7.408 2.333 1172 32.057 23.946 1016 3.623 0 836 19JO2 22.258 01651,260 words
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Article1909 1998-12-24 13 SICOM FUTURES Dec 23 RUBBER (fBtom ctostog *s ft 5.30pm) RSS1 CONTRACT(Scents/kg) ClOM VotoflM Open Month High Lot Sett (tones) Interest Jan 99 103.75 150 Feb 99 104.75 250 1175 Mar 99 107.00 106.50 107.00 1450 875 Apr/Jun 99 111.50 2250 Jut/Sep 99 116.00 300 Oct/Dec 99 119.50 75 RSS1,909 words
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Article, Illustration1348 1998-12-24 14 Reuters C 3 Hang Seng -163^1 HONGKONG stocks slid to a lower close yesterday, dogged by comments made by Cheung Kong and Hutchison Whampoa chairman Li Kashing, brokers said. The Hang Seng Index lost 163.81 points to end at 10,158.75 after recovering from an intra-day low of 10,101.58. TurnoverReuters - 1,348 words
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Article361 1998-12-24 14 AFP QWP Index -94.03 TAIWAN share prices fell yesterday as investors locked in profits on two days of gains, analysts said. "Investors rushed to take profit," said Clement Lou, manager of Taiwan International Securities. "Confidence needed to be established. It depends on government determination in boosting the stock market,"AFP - 361 words
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Article, Illustration489 1998-12-24 14 Reuters Reuters, Bridge News PShenzhen Blndex -OJ2 SHENZHEN'S hard currency B shares reversed morning gains to end yesterday's session slightly lower as fears of weaker 1998 corporate results continued to hang over the market. The B index fell 0.12 point to 51.92 on turnover of HK$5.3 million, barely changedReuters; Reuters, Bridge News; Source: Credit Lyonnsis Securities(Asia) Ltd - 489 words
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Article2243 1998-12-24 14 LONDON Industrials 0«23 Pvflcc 31 Group 586.500 16.100 AB Ports 275.500 0.500 Abbey National 1279.000 37.000 Allied Domecq 555.500 3.100 Allied Zurich 89.800 -809.200 Affltc 178.000 -0.400 AsOa Croup 162.750 5.550 BAT Ind 554.500 5.500 BCPk 396.000 *7.000 8ICC 60.500 0.100 BOC Group 860.000 8.000 BR Petroleum2,243 words
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KUALA LUMPUR STOCK MARKET
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Article8703 1998-12-24 15 INDUSTRIALS Consumer products 1998 Last Vol Day Nat Cap MMi Lew ClWMy I* -000 Mm> Law PH tn* 320 170 Ajinomoto 298 -2 2 298 280 16.4 120.8 148 35 Angkasa 87 7 44 87 78 128.3 310 123 Apollo Food Htg 279 11 13 279 268 9.7 111.6 3888,703 words
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Article, Illustration372 1998-12-24 15 AFP |H| Composite Index +1&89 MALAYSIAN share prices closed 2.6 per cent higher yesterday due to late buying support extended by local institutional investors. "The only news for the day was the possibility of alternatives for the one-year moratorium on capital outflows which boosted sentiments onAFP - 372 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1926 1998-12-24 16 BONOS. LOANS ft VARIANTS wt Last Vol Day Last Quota Avq Hlqlt tow Sine Company Sal* ♦or- (OOO) Hlqh Law Buyar Sailor Prtca 203 3 3160 »Acar ******1 USS It3 62 13 tUS 12 13 95 4.5 3164 Acma ******4 15.5 susp 16 3161 AIITach ******7 28.5 39 30 0.51,926 words
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Article201 1998-12-24 16 HONGKONG STOCKS Or Or 1998 Lot Vat On Laat Owti Wv ON YM H#t M Cap Ht» L— Stno C»iw»»n< COOP) Kt» L— Buyr >T Cw P/t flM *400 250 5123 COL (2000) HK 400 I I a 2~A 2 20.5 7744.7 5124 C«tfwyP*c20cHK_720 265 2.1 7.4 6201 words
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Article183 1998-12-24 16 R Sivanithy - WARRANT WATCH -By R Sivanithy IN a recent quantitative screening of local stocks, US brokers Salomon Smith Barney highlighted Flextech Holdings as one of the better local picks. The model used took into account such variables as earnings momentum and price-earnings ratios, together with recommendations183 words
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Article255 1998-12-24 16 AFP |JJ Wellington +€51 SURPRISINGLY positive gross domestic product figures kept New Zealand's share market firm for the seventh day running yesterday. The NZSE-40 index was up 4.51 points to 2,089.90 on turnover of NZ$llO million. The market initially got over 2,100, but drifted back in the afternoon. AFPAFP - 255 words
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Article, Illustration746 1998-12-24 16 AFP H SET hid +OJ3 THAI share prices gained 0.3 per cent yesterday in thin trade with foreign investors sidelined ahead of the holiday period, analysts said. An analyst with a local brokerage said investors returned to buy back banks and finance shares after early losses. Buying was likelyAFP - 746 words
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Article406 1998-12-24 16 AFP Q Composite Index +5.78 SOUTH Korean share prices closed 1.1 per cent higher yesterday, but off their highs, with late profit-taking by retail investors eroding early gains, dealers said. They said institutions stepped up buying of blue chips and large capitalisation shares on optimistic expectations for next year'sAFP - 406 words
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Article578 1998-12-24 16 AFP n All Ordinaries -18 AUSTRALIAN share prices fell 0.2 per cent yesterday as the market went into early holiday mode with thin volumes, brokers said. The All Ordinaries index drifted 4.8 points lower to 2.755.0. National turnover totalled 259.79 million shares worth A 5647.24 million dollars. The AllAFP - 578 words
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Article, Illustration661 1998-12-24 16 AFP Q Composite Index -5J6 INDONESIAN shares yesterday closed 1.5 per cent lower as buyers stayed on the sidelines ahead of the Christmas holiday season, dealers said. "Unlike the previous years, we may not see window dressing trade before the last trading day this year," a dealer with aAFP - 661 words
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Article289 1998-12-24 16 AFP Q Manila +1630 PHILIPPINE share prices closed 0.9 per cent higher yesterday on the back of gains in selected blue chips, analysts said. The Philippine Stock Exchange composite index rose 16.80 points to close at 1,910.46. Volume turnover reached 2.25 billion shares worth 1.16 billion pesos. AFP MannaAFP - 289 words
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5801 1998-12-24 17 Transaction date: Dec 23 io«a Cr Gr M Wt Ml-* t,y. iff* V* Day L*»t Ouote Dtv CMv Yld N«t Cap Avg stwo Company Sale OOP) High Low Buyer Seller S C'yr p/t $m« Price MHLTHNDUSTRY '*7 S m 52 s susp 27.5 15,801 words
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Article1082 1998-12-24 17 ts nX i <z x a£ MANiiFACTWMt 2 2s :^,r L 846 87 80 5 »0.5 81 15 N 7 IS 73 92.5 88 ,?5 J 8 205J ASJHM«i20c, 54 5 54.5 6a 2.5 10.2 0.9 10.5 49.1 56 260 85 2001 Aslamatrli 50c 93 unch 5 93 931,082 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration389 1998-12-24 18 Stock! Voted* DBS Land 6.231.000 ST Capital 25c 5.963,000 InchMarkt 50c 3.9%,000 Keppei LandWOO 3,972,000 KepBank *02 3,507.000 Keppei Land 50c 3,477,000 KepBank DBS WOO 3,210,000 SingTel 15c 3,110,000 CSA Hldgs 20c 3.076,000 VanderHorst 3,075.000 Mwh > DBS Land 14,898,390 DBS Foreign 12,745,475 SPH 8,826,454 SingTel 15c 7,831,660 Keppei Bank389 words
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Article, Illustration635 1998-12-24 18 R Sivanithy - STOCK MARKET COMMENTARY Index loses grip on the 1,400 level as volume falls to one of its lowest levels in several months ahead of the holidays By R Sivanithy [SINGAPORE] A lack of followthrough in the DBS Bank-DBS Land rumour and a635 words
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ON THE GRAPEVINE
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Article175 1998-12-24 18 OUR articles on OCBC Bank both in the news pages as well as in this column have attracted several phone calls and anonymous letters from readers offering their two-cents' worth on what's really happening in the hallowed sanctum of this institution. We are told that175 words
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Article108 1998-12-24 18 SUGAR does not contribute to obesity snd diabetes, say two recent studies in the West It is fat that adds to these problems, say the reports based on experiments in which mice which were fed a simple low-fat diet were cured of their diabetes. "Sugar is not the108 words
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Article123 1998-12-24 18 A LOT of things can put pressure on a marriage. Of the ***** applications in Singapore for legal aid in the decade from 1968 to 1997,55 per cent were related to matrimonial matters. Claims on various things came a distant second, accounting for 10 per123 words
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Article103 1998-12-24 18 STILL on the subject of legal aid, did you know that if s women rather than men among the poor, who appear to be more litigious. According to the Legal Aid Bureau's report more than 63 per cent of the applicants for aid were women. In103 words
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Article, Illustration62 1998-12-24 18 Wong Wei Kong - by Wong Wei Kong. INCHCAPE Marketing shares closed up $0,045 at $0,955 yesterday with nearly four million shares traded, compared with the 10-day traded average of 1.84 million units. The daily and weekly RSI and Stochastics indicate some slight upside in the near term, but MACD indicators are62 words
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Page 10 Advertisements
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Advertisement14 1998-12-24 10 Buy It. Sell It. find It. yifsClassified, Call Today For Results Tomorrow. CAT S14 words
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Page 11 Advertisements
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Advertisement401 1998-12-24 11 I BUSINESS Notices TO ADVERTISE CALL IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAPULET FASHION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abo venamed Company duly convened and held at 60401 words
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Advertisement324 1998-12-24 11 TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 LOISIR INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an extraordinary general meeting of the Company held at 135 Middle Road. #05-13/14 Bylands Building. Singapore *****5 on 22 December 1998 the following special and ordinary resolutions were duly324 words
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Advertisement89 1998-12-24 11 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement9 1998-12-24 11 Visions future </,v BETTER THAN DREAMS of t/je PAST9 words
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Page 14 Advertisements
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Advertisement54 1998-12-24 14 Was liribo2vo just a fall guy? ;S WprinpctHavc gZO"' wW Bj by Yang Razali Kassim TheßusinessTimes ♦The Tokyo market was closed yesterday for a holiday The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications54 words
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Page 15 Advertisements
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Advertisement16 1998-12-24 15 *mu ITFcampaign vessel f3 I V unsavoury aide of shipping ff| iill. Tollr 19UK pißiE. shippingtimes16 words
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Page 16 Advertisements
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Advertisement10 1998-12-24 16 i: 'V..,. 4 n 'minMß^~.'•. i A WCF tuonaays TheßusinessTimes10 words
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Page 17 Advertisements
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Advertisement20 1998-12-24 17 —> Buviitf or selling through Ti s apfied < y The Straits Times Classified is child's Play. "X Call C.A.T.S. at 1800-737-1166.20 words
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Page 18 Advertisements
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Advertisement1415 1998-12-24 18 BUSINESS tees To advertise call toll-free ISOO-741 ISS3 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRIZECHAHN SPECIALTY RETAIL ASIA PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company1,415 words
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Advertisement560 1998-12-24 18 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF RENOVATOR S DEPOT PTE LTD (In Members Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General MaeOng of the members of the abovenamed Company duly convened and held at 267 Pasir Ris Street 21 *02-418 Singapore560 words
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Advertisement450 1998-12-24 18 IN THE MATTER OF THE COMPANIES ACT,CAP 50 AND IN THE MATTER OF SHUN YUAN CHENG CONSTRUCTION At an extraordinary general meeting of the members of the above-named Company duly convened and held at 10. JALAN BESAR, #06-02. SIM LIM TOWER.SINGAPORE *****7 ON 18TH DECEMBER 1998, the special resolution set450 words
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Advertisement339 1998-12-24 18 MTHE MATTER Of THE COMPANIES ACT. CAK SO AND MTHE MATTER Of AT ONE PTE LTD (In Mamtoari' Voluntary Wtmfcif Up) RESOLUTIONS MSSEO ON 22 DAY Of OECEMKft 1988 At an Extraordinary General Meeting of the Company held at 100 Beach Road #25-06 Shaw Tower* Singapore *****2 on the 22339 words
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Advertisement562 1998-12-24 18 THE COMPANIES ACT CHAPTER St Section *****Hb) NOTICE OF RESOLUTION PROTOTYP ENGINEERING A TOOLING PTE LTD (la nwmbtn Votoatan Liquidation! At an Extraordinary General Meeting of Prototyp Engineering A Tooling Pie Ltd held al 133 Out Click. Singapore *****0 on the 15rh day at December 1998, the following special resolutions562 words
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Advertisement474 1998-12-24 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER St) AND IN THE MATTER OF INTER-OCEAN TOWING (PRIVATE) LIMITED (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WIND-UP Al aa Extraordinary General Meeting of Ihr Company held al 237 Sciegw Road #IS-27W 281 Sciegie Complex Singapore I (1330 oa 21« December 1998. the following474 words
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SHIPPING TIMES
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Article328 1998-12-24 19 Bridge News, Reuters Reuters A FEW pieces of business have been concluded as books are being cleared before the Christmas and New Year holidays. There were unconfirmed reports of a much higher rate being agreed for a US Gulf to Japan cargo. Korea Line is said to haveBridge News, Reuters; Reuters - 328 words
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Article283 1998-12-24 19 m Mi »*t*3 a W CWT Distribution 0.49 unch T7 Chuan Hup 0.53 >0.02 35 Cosco Invastinont .0.47 -0.01 10 FroiaMLMs 0.165 -0.003 595 GaMaMtogs 0.3S -0.02 3« Hal Sun Hup 0.39 -0.01 235 Hitachi Zosan 0.74 -0.01 141 IMC HoMngt MK 5.60 Jay* Holdings 0.515 *0.005 15283 words
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Article, Illustration698 1998-12-24 19 George Joseph - PSA rebuts M'sian claim that S'pore port charges have been increasing By George Joseph [SINGAPORE] PSA Corp's rates are one of the lowest and most competitive among the world's major ports. They also provide value for its customers. PSA CorpFILE PHOTO - 698 words
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730 1998-12-24 19 MARCUS HAND - There may be major repercussions if even a small percentage of the shipping Industry fails to take precautions against the millennium bug, warns MARCUS HAND MARCUS HAND A RECENT flurry of seminars, conferences, and warnings from maritime authorities on the potentially disastrous impact of730 words
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279 1998-12-24 19 Marcus Hand - By. Marcus Hand [SINGAPORE] Construction work for Malaysia's planned new container port at Tanjung Pelepas in west Johor has begun with the award of a 380 million Malaysian ringgit (*****.2 million) building contract. L&M Geotechnic Sdn Bhd, a wholly-owned subsidiary of L&M Group279 words
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Article98 1998-12-24 19 [SINGAPORE] More than 350 non-union workers hired to break the Maritime Union of Australia's (MUA) stranglehold in the waterfront dispute have launched a class action against their former employers and the Australian government. The action, which is seeking damages for alleged negligence, breach of contract, and98 words
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Article, Illustration1364 1998-12-24 20 Lutz Wittenberg - CONTAINER SHIPPING Economics of scale play vital role in making design of future mega container ships feasible By. Lutz Wittenberg The writer is director of projects and marketing at Germanischer Lloyd Economics of scale plays an important role in container shipping. This is evident fromSource: Germanischer Lloyd - 1,364 words
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Article197 1998-12-24 20 PACE ECU line 6 ACL 6 ECl 5 ANL 3 Evergreen ft Accord 8 tonqSun Appenstop 5 G Link Austral 8 <*"«*«» Balaji Shpq 4 H# Sun Hup 8 BSA 7 H4n,H 7 Btanq..as 8 3 CCMI 7 "««>-* CMA 8 s H. CSAV 3 Interasia 7197 words
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Article18994 1998-12-24 27 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advarttsar V«s« voyage T*l*phon» ETA ETA Advartisar Vassa I Voyaga Talaphona SIN Dast'n Nam* Nam* Number NumDar SIN Dast'n Nam* Nam# NumOar Numear fMRHHHHflMHHHMHHHHHHHHHMHHMMMHHMMHHHHHMHHMHMMHMi 09/01 29/01 NYK DUSSELDOGf EXPRESS 06*B01 65-*****23 To ABIDJAN (ABJ) 2003 Cot. D'lvolre 03/02 choYan, njmn francisco mm 65-*****1218,994 words
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SHIPS IN PORT
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Article796 1998-12-24 31 Vessel Voy No B«rth Arrival Departure Alaska RainO *****1 alongside 2St2A>aOO Blissful R 2 9828 J02 alongside 2412/1500 Bt MM Jay *****8 J01 alongside 2412/0100 Bt Intan S* DEC23 J01 alongside 23 12/2359 C Success 24/12 J10 alongside 23.12/2100 CMiv» 1298 J12 alongside 24.12/1200 0 SepMera *****6 J02796 words
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Article1868 1998-12-24 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bolanco Rstls Ship Voy No Etb/Btr Portod From To From Jkt Contr U04S 29/1000 U 23/000 23/1*9* 23/1*00 21/1900 23/1*9* 2VN00 2* 23/1700 24/0*9* 24/0900 20 23/1700 2VMM 2 4/0*00 J 24/0700 24/10* 24A400 4 24/1200 24/M9* 24/T700 Mala 329S1,868 words
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Article219 1998-12-24 31 Deo 24 Finland: Christmas Eve. Dm 20 Nether land: Christmas Day. Mexico: Christmas Day. Finland: Christmas Day. Australia: Christmas Day. Austria: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas Day. Greece: Christmas Day. Hong Kong: Christmas Day.219 words
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Article840 1998-12-24 31 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual840 words
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Article540 1998-12-24 31 Carbon 180 Mai 991.0 3.9 15.4 0.15 78 0.07 Dec 17 Density Water Residua Ask Aluminium Sediment No above E25 0 1 1 1 0 0 380 Ave 988.1 0J 14.5 0.07 31 0.02 Cxion 380 Max 994.2 1.0 19.6 0.11 61 0.06 K6/W3 »/v m/m540 words
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AIR&LAND TRANSPORT NEWS
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320 1998-12-24 32 Reuters [SEATTLE] In a welcome bit of news capping a year of turmoil, Boeing Co said its loyal customer Delta Air Lines Inc had ordered 49 jets worth nearly US$3.l billion (555.08 billion). The Seattle-based manufacturer said the orders had been placed overReuters - 320 words
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Article, Illustration366 1998-12-24 32 AVIATION AMD THE MILLENNIUM BUG Passengers should also be warned of risks of travelling as year 2000 arrives: govt committee Reuters [LONDON] Britain should draw up a black list of airlines to be excluded from its airports as the year 2000 arrives becauseReuters; FILE PHOTO - 366 words
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275 1998-12-24 32 AFP [GENEVA] The world's airlines will spend around US$2.3 billion (553.7 billion) gearing up for the new millennium, the International Air Transportation Association (lata) said Tuesday. Some companies will complete their year 2000 (Y2K) work by as early as March, said theAFP - 275 words
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Article, Illustration384 1998-12-24 32 AFP (BANGKOK] Thai Airways has defended its safety record, saying the crash of one of its planes this month which killed 101 people would not scare passengers away. "The public understands what caused the accident, they do not think it was a problemAFP; FILE PHOTO - 384 words
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261 1998-12-24 32 Bloomberg [BANGKOK] Thai Airways International said it will take delivery of two Boeing Co jetliners a 747-400 and a 777-300 by Dec 31 and two Airbus Industrie A 330 jets next year. The Boeing jets are financed with lease contracts byBloomberg - 261 words
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Article1846 1998-12-24 32 CTY FU6HT ETA fUCHT ETP LM778 1650 S***** 1120 MiMHH CV794 2005 NZ4578 1650 LH6373 2355 MM* BA7381 1930 BA7382 2050 |£5 1,30 22 22 III' AN8ZZ9 2230 $***** 2359 LH6380 2230 m $0229 2230 Wli S0999 T7T5 SOW 0130 Amteriae S023 0645 GA972 0040 Giiifrtoii1,846 words
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Article, Illustration41 1998-12-24 32 [TOKYO] Nissan Motor president Yoshikazu Hanwa standing beside the newly modelled sedan Cefiro at a Tokyo hotel. The Cefiro, on sale in Japan from Tuesday, will cost about 2 million yen (5528,200) to 3.3 million yen. REUTERSREUTERS - 41 words
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299 1998-12-24 32 Reuters [BRUSSELS] The European Commission said on Tuesday it had approved additional British government financial support for a long-delayed high-speed rail link between London and the Channel tunnel. The European Union's executive body said in a statement that the proposed support wasReuters - 299 words
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Page 19 Advertisements
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Advertisement24 1998-12-24 19 Container shipping Mega ships ride the waves Economics of scale play vital role in making design of future mega container ships feasible. Page 224 words
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Advertisement45 1998-12-24 19 UK urged to blacklist non-Y2K compliant airlines Passengers should also be warned of risks of travelling as year 2000 arrives: govt committee. Back Page TheßusinessTimes Shipping times ;v j!v ishes Our Supporters w Readers A Joyous Christmas V W i :v A Happy New Year!45 words
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Page 20 Advertisements
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Advertisement184 1998-12-24 20 THE management STAFF OF NYK LINE d< w b jj < 1| I Wish Our Customers Business Associates I K/fflewtf ([)hfH&tma& j 1 fiuf /f/laftfej Si'io yjeiu* I Is SENLIM AGENCIES PTE. LTD. 133, New Bridge Road, M 6-09, Chinatown Point S'pora *****3. Tel *****0 C fIBMHI Fax: *****04 Telex:184 words
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Advertisement699 1998-12-24 20 p Lines services represented (c by Members of the Registry of Accrec,,lea Shipping Agents Singapore Shipping Assocatiori A Members of the J Singapore Freight Forwarders SjUs Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA £TA PKL ETA SIN ETA MALE PrliH*sB LUy V 6898 23/12*8 25/12/98 U/9V99 Princess Lily V 0199699 words
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Page 21 Advertisements
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Advertisement730 1998-12-24 21 CFS Relocation We are pleased to advise our clients and loyal supporters that our CFS will be relocated from Block 515 of Keppel Distripark to Gdn Jl7 of Jurong Port w.e.f. 28th December 1998. Full address is as follows:Jurong Port Warehouse Jl7 37 Jurong Port Road Singapore *****0 Tel: *****12730 words
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Advertisement1999 1998-12-24 21 (9) HANJIN SHIPPING HANJIN SMPfWG (S) PTE LTD tatp //m konp urn IOOUNG SAUS *****24 231 DOCUMENT 37*0771 774 OPfMTKM 32*0241 752 MUM UK *****55 MI ******0 aMO **********0 M I TO NW USA CANADA USA CANADA* FOR VSI/VOY I OAM I SM UNEHAUI/VOY SU TTW DEN I M 001,999 words
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Advertisement336 1998-12-24 21 KMTC provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 271 2325 fct *****7S IWijrfi PnA« Jatu n|«lu HItOSHMU(HU) UIUZJIM |UzftizuS'(iw| WGAtt (Oil UUAMUTO 171J711/J7IOIIO NiI(M)OJ-;s*7Uo (ta)01-7I4SJ4J fSrXu (ST OOTIW. i-StiEg*, P-, E-OM-HM.44 awwwwi im*//WWWJMTCCOJB Mig WIMSMW (tol U-XI33H I j336 words
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Advertisement1395 1998-12-24 22 DSR-SENATOR UNES TO UK/CONTINENT TO MEUniiIiUL\NEANCANADA KWR VOY aw Ltw RTM WW HAW BOV HX VtMti VOY SIM PIT tn WW VIC MTW HANJM KEELUNG WQOOI 1112 HOI Mil ITU M.61 1111 CHOYANG PHOENIX WMMI 11.12 BH MOl Mtl 10 II 17 01 MUM SENATOR WNMZ 2212 00 01 II1,395 words
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Advertisement994 1998-12-24 22 WLAM MAC-NELS STORE M'SIA fr—Carrier: MN COHTR LINES, INC R GUDAMG: (07) *****26 I MW VJ Qi«.1WI7IOOOil SieU;(OM) *****9 MANILA: (632) *****24 PENANG: (04) *****38 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P- KELANG: (03) *****77 JKT (21)*****07 MON: (61) *****3 KUCMNQ (082) *****1-3 BARCEIONA SURABAYA MV "XPRESS NILGIRI" V.I 73994 words
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Advertisement624 1998-12-24 22 JESSELTON LINE By A mi WM4M mi limn MUARA f LABOAW vksq wt ni ra vKsa vor no iu srasauMu srott m CAtAAA MO-32 V2II/90 24/1J 27/12 CAKAIA 000-32 ¥211/1024/1220/12 sium Hon m/oo si/12 os/oi swAirsNOPt si/12 00/oi CAIAIA JMB-32 VOII/09 02/01 05/01 CAIAftAMB-32 VOK/V9 02/01 o*/01 STUITSMOPI VOII/W 11/0114/01624 words
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Advertisement1348 1998-12-24 23 [VESSEL VOY SIN 1 SIP PKG PEN PQB PUB BHJ BA 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 19/01 21/01 PQB* Mini Qaboot. DUB > Dubai. SHJ > Sharjah. BA Bandar Abbas.1,348 words
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Advertisement1986 1998-12-24 23 Wokly to IvrtfM Main hrlil Kvtry Monday mmd Saturday 1 Piroit to Bronionhavon tn 20 day J I SINGAPORE'S GfNIRAI AGENTS: 6 SHENTON WAY TEL 27b 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OfFKE: COSTAR SHIPPING PTE LTD •IZ-osdkblog SAUS/BKGS 4205«57/60 INWARD DIPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN1,986 words
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Advertisement654 1998-12-24 23 i-EASTERN CAR UNER, LTD. ECL (SINGAPORE) PTE LTD r 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TOWS ECL (SINGAPORE) PTE (ID LOAD NG FOR 1 CHITTAGONG/YANGON I MV "OSCAR VENTURE" V.32 MV TERESA PRESTIGE V.2IA ETA SM 28/12/98 ETA CTG 06/01/99 ETA SIN 28/12/98 ETA MNI 03/01/99 ETA YGN654 words
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Advertisement1362 1998-12-24 24 EUROPE/UK/SCAMDINAVIA/FINLANO^USSIA SGP ROM ANW HBG THP ZE£ LHV IHV THP ROM ANW HBG PKL SGP i. DECENT RW-OQ7 OHM 22/B1 27/01 23/01 2MJI 2641 27/01 E REACH RE-021 02/12 05/12 04/12 06/12 00/12 31/12 01/01 E DIAMOND RW-003 10/01 2*ol 03/02 30/01 01/02 >2/02 03/02 E. ROYAL RE-040 10/12 12/121,362 words
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Advertisement1109 1998-12-24 24 ADVANCE CONTAINER LINES (PTE) LTD A II 140 Cacil Street. #12-00 PIL Building. Singapore *****0 L z TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****6QT *****05 BANGKOK JAKARTA Wrtly i Sl|« PAT/g Sl|l LCH/1 >H HT) (5 vcssa VOY SM BKK VtSSU. VQY SW JKT1,109 words
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Advertisement637 1998-12-24 24 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY. SIM PUJ DDI DH gl W NANTAI PRINCE VO26S 27/12 10/01 13/01 14/11 NANUI VENUS VQ3IS 03/01 11/01 IS/01 11/01 1»/01 H/BT GOLDEN MAGON VOO9S 11/01 20/01 24/01 27/01 28/01 NAKUU PtINCESS YO26S 19/0) 02/02 05/02 06/D3 NANTAI QUEEN637 words
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Advertisement476 1998-12-24 25 BSfl il mm MYANMA V vHßk FIVE STAR LINE (Myaiinior Notional Line) Loading for Yangon (Rangoon) vissa voy sin prl pen pgu srnwt uw sti dawei iw su> MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL HI (03)*****00 PHI: HI (03) *****01 PEN: HI (04)2****** PGU: TIL (07) *****21/4 BANK LINE (A476 words
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Advertisement978 1998-12-24 25 11 v norvMsgon ipoaakied ouhxarhen W" Qmsie TO NORTH AW'LATM AMERICA RORO HEAVYUFT SERVICE* VESSEL VOY RAMP HEIGHT SIN LAX CRI MIA I SAV ML OIF NYC *W HOC TAPWU FOOI 400 IMS 6.3* 30/12 24/01 02/02 05/02 07/02 09/02 10/02 11/02 16/02 17/02 TAMPA F902 4001«h 6.3 M 14/01978 words
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Advertisement758 1998-12-24 26 BANGKOK/ MAP TA PHUT/ LAEM CHABANQ J AK ART A/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHABHUM 264N in Port 26/12 2S/12 ANRO GOWA' 084 In Port 28/12 NANTA BHUM" 425N 23/12 2ft/12 27/12 GURU BHUM 109S 23/12 27/12 KOTA RATNA RNAO7S758 words
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Advertisement493 1998-12-24 26 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE vu vot T's pott I I www mmm avhsii 3i/>i I BS/11 I u/m own TO AUSTRALIA FULL CONTAINER SERVICE ya yotl nw ai futTp* W nt. HM miwi iss_ 74/nH/n ot/oi moi ii/oi i;/n CMBMWIW I4S 31/12 01/01 10/01 IS/01 U/01493 words
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Advertisement1002 1998-12-24 26 1 VESSELS VOY P I FKL I MLA LEH RTM HAM ZEE SOT V-LE D'AQUARIUS U29W 29/12 Wtt 11/01 18/01 19/01 2VQI 22Q1 2MH VMJ-E 06 ANTARES L2BW 06AM OMH 16AM 2VQI 27/01 29*01 30*01 VILLE OE VIRGO S2BW 12/01 13/01 2&PI Ql/Q2 02/02 03/02 06/02 06/02 V-LE OE VELA1,002 words
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Advertisement15 1998-12-24 26 CONVENTIONAL/BREAKBULK SERVICE LOADINO FOR COLOMBO/CALCUTTA 31.11 M LOADINO FOR DUBAI/BOMBAY 31.1191 LOADINO FOR CHITTAOONO S.I.H15 words
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Advertisement40 1998-12-24 27 DIRECT SERVICE to INDONESIA I PT. Pelayaran Meratus HUAL Check It Out Page On Page 13 New Service To Shanghai direct service, to Calcutta i Wan Hal Lines OWS a***'/' f J S f > Page 5 Page 12 (Mon/Wed/Fri) I40 words
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Page 29 Advertisements
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Advertisement46 1998-12-24 29 —wU (Retrieve more schedules!) Press "1" i Select the port and key in S»Bbl the four digit code eg: To New York (NYC) 2275 STEFf J Key in your fax number your phone number Another innovative service offered by The document Wi 11 be SHIPPING TIMES46 words
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Advertisement134 1998-12-24 30 free Reader Enquiry Service g-c 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 or134 words
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Page 31 Miscellaneous
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Miscellaneous135 1998-12-24 31 ■■TTT3 :-f.y7rTT7T— LEGEND R Thunderstorm Temperature o Q X\ V Shower Weather Wmd direction with speed m knots e e Rom Cloudy Sky Wove height Surface winds ore indicated by orrows which fly with the wind One fun circle represents calm or light and vonoble winds On. holt Heche represent,135 words
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