The Business Times, 30 December 1998
1998-12-30
1
38
https://www.nlb.gov.sg
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The Business Times
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Title Section19 1998-12-30 1 85C mita THE BUSINESS TIMES s I N G A P 0 R E Internet: http://business-times.asial.com.sg/ WEDNESDAY, DECEMBER 30,199819 words
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Article42 1998-12-30 1 811 VIM (-2.82) nssu ow®ASSF*""* gfKIlUIBUMUP KLSECOMP—Z^V.^55 NIKKEI IW4W-*W« HANG SENG WJJU7 SET INDEX *L81 -M8 JAKARTA COUP —JK73 MANILA COUP —UMa78 +*M TAIPEI WPI M7K17 SBOULOOMP CMCL8A CHINA B MUS AU8T ALLOW) —1,7*4 IX am EST Chop dow vmn—*mi42 words
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Article62 1998-12-30 1 FOSEX RATES ust st Ugg tJW £(USS/3$per£) UW U» DM -UN IW YEN llfcfi IW IX .18N MT HKS 7.747 U14 BAHT *77 HJPMH MM—Md* FIDOS BATES SINGAPORE* US KUALA LUMPUR ILM JAKARTA S8M BANGKOK 1«§ MANILA St* HONGKONG It* TAIPH SYDNEY TOKYO i* SEOUL 14* ZURICH IS FRANKFURT**62 words
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226 1998-12-30 1 But they're still higher than rest of Asia, outside Japan [SINGAPORE] Singapore has become the most competitive among the four Asian Tiger economies in terms of wage cost, according to a survey by the Geneva-based Corporate Resources Group (CRG). Hourly rates of managers,226 words
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Article, Illustration427 1998-12-30 1 Chuang Peck Ming - But labour squeeze, currency support allow China and HK to buck trend Reports by Chuang Peck Ming [SINGAPORE] Except for China, Hongkong, Malaysia and the Philippines, pay in every country in the region has fallen below the levels in 1996, the year beforeSource: - 427 words
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621 1998-12-30 1 Three of Singapore's Big Fear banks among lenders Bloomberg AFP [KUALA LUMPUR] Twelve foreign banks have agreed to lend Malaysia US$l.35 billion (552.2 billion) at a rate substantially cheaper than the price the government would have to pay toBloomberg; AFP - 621 words
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615 1998-12-30 1 NYT Reuters [NEW YORK] The market value of online broker Charles Schwab has surpassed that of Merrill Lynch on expectations that the Internet would replace brokers as the way to buy and sell securities. Its share price rose U553.25 a shareNYT; Reuters - 615 words
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Page 1 Advertisements
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Advertisement147 1998-12-30 1 IMBUE Pnprtfurilf A group of four Singapore-based banks has obtained a summary judgement against one of Ehmgfrnk Bank's single biggest shareholders, the Pornpart family, after they failed to settle loan arrears amounting to some S$2D million, VfcS may sefl Foreign party may be invited to buy Into the Malaysian Independent147 words
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Advertisement47 1998-12-30 1 Oh, 1998! It has been one remarkable year for Asia, a year of bloody riots, market routs and ruin for people in high places. BT's four-page year-ender, which comes with tomorrow's newspaper, reviews the sensational events which have left few in Asia unscathed. Get your copy tomorrow.47 words
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Advertisement55 1998-12-30 1 You never 1 11 i actually "own a Patek Philippe. You merely look after it PATEK PHILIPPE GENEVE Begin your own tradition. i ir ft Roy Eastern Watch #01-86/88 #01-74 Lucky Plaza 304 Orchard Road Singapore *****3. Tel: (65) 734 3139 (65) /34 1935 #01-18/20 Centrepoint 176 Orchard Road Singapore55 words
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SINGAPORE AT HOME & ABROAD
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363 1998-12-30 2 Conrad Raj - The family, one of Bangkok Bank's biggest shareholders, still owes S$20m Byi Conrad Raj A GROUP of four Singaporebased banks has obtained a summary judgment against one of Bangkok Bank's single biggest shareholders, the Pornpart family, after they failed to settle363 words
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166 1998-12-30 2 TIBS Taxis emerged tops overall in the Land Transport Authority (LTA)'s fourth taxi performance evaluation conducted over the first half of the year, knocking City Cab off from the pole position it had held for the past three surveys. Comfort Transportation and City166 words
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119 1998-12-30 2 KEPPEL Tat Lee Bank will lower its prime lending rate by half a percentage point to 5.75 per cent with effect from today. The cut follows reductions of a similar magnitude by the Big Four local banks DBS Bank, OCBC Bank,119 words
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292 1998-12-30 2 David Chia - LETTER TO THE EDITOR David Chia Managing director First Pacific Davis and Savills I WAS the executive director of Chesterton International for four/five years and I am currently the managing director of First Pacific Davies and Savills (FPDSavills), also an international property consultancy company. Unlike my292 words
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Article, Illustration305 1998-12-30 2 Corinne Kerk - EYE ON THE ECONOMY Construction Byy Corinne Kerk IN what may be the most severe fall in recent years, construction contracts awarded plunged 79 per cent year-on-year in October, according to preliminary figures. Reflecting slow demand in the construc- tion sector, this follows a 48 perSource: DOS - 305 words
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Article, Illustration592 1998-12-30 2 Rabita Elias - Firm plans to have Thai partner in first store outside S'pore By] Rabita Elias CHALLENGER Technologies, which has managed to improve its profit margins despite the economic downturn, is getting ready to break into the Thai market in the middle of next year.SIEW YAW HOONG - 592 words
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132 1998-12-30 2 SINGAPOREAN motorists now have another 95-octane petrol to choose from following Shell's introduction of Fusion at 20 service stations on Monday. Previously, Caltex was the only petrol company here offering such a grade of petroL Priced at $1,083 per litre, Fusion costs132 words
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135 1998-12-30 2 Nikkei [TOKYO] Japan Asia Investment Co, a major venture capital firm, established yesterday a holding company in Singapore that will oversee and restructure the firm's South-east Asian operations. Previously, the company's Tokyo headquarters managed operations in South-east Asia, the focus of theNikkei - 135 words
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Advertisement1010 1998-12-30 2 I m Datapulse Technology Limited 9 Ma (Incorporated in the Republic of Singapore) OATAPULSe TCCMNOLOOY I NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of 1 DATAPULSE TECHNOLOGY LIMITED will be held at Merchant 8 Court Hotel, Rosewood Room, 20 Merchant Road, Singapore1,010 words
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Advertisement20 1998-12-30 2 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service20 words
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ASIA'S ECONOMIC SLUMP
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588 1998-12-30 3 Quak Hiang Whai - Govt cites shrinking consumption, drop in investment spending, poor exports Reports from Quak Hiang Whai in Hongkong THE Hongkong economy shrank 7.1 per cent in the third quarter of this year the worst quarterly decline on record as a combination of slack consumer588 words
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370 1998-12-30 3 HKMA data show rate of 0.78% in Nov against 0.68% in Oct [HONGKONG] Bad debts from mortgage loans continued to rise in Hongkong as the latest figures from the Hongkong Monetary Authority showed a delinquency rate of 0.78 per cent last month. The370 words
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Article, Illustration64 1998-12-30 3 [HONGKONG! A protester blowing bubbles to symbolise Hongkong's "bubble economy" during a protest against earlier remarks made by tycoon Li Kashing outside Mr Li's office in Hongkong yesterday. Mr Li said Hongkong's political environment was making major new investments difficult, which stirred up controversy between the territory'sREUTERS - 64 words
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190 1998-12-30 3 AFP [TAIPEIf More than 6,000 small and medium-sized Taiwanese firms are expected to go out of business in 1998, the highest in four years, an official said yesterday. "By looking at the trend, more than 6,000 companies would be closed for the wholeAFP - 190 words
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10 1998-12-30 3 Bloomberg ReutersBloomberg; Reuters - 10 words
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Advertisement42 1998-12-30 3 O*M < EXPERT OPINIONS EXCELLENCE IN NEWS < 4 THE BIRTH OF THE EURO. WILL YOU BE PREPARED? JH"^w SCV'S FIVE NEWS CHANNELS WILL BE THE FIRST TO BRING YOU LIVE AND EXCLUSIVE WORLDWIDE COVERAGE OF ITS IMPACT. Bito i iiiiaiiM^^^^^^^^^Mr ►J CONDITIONS APPLY.42 words
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REGION
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297 1998-12-30 4 BEIJING AFP CHINA will mete out life imprisonment to those convicted of major foreign exchange infractions in a supplementary provision to the Criminal Law passed yesterday, the official Xinhua news agency reported. The report did not spell out the magnitude of violations that wouldAFP - 297 words
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335 1998-12-30 4 SHANGHAI Reuters CHINA yesterday put its stamp of approval on a securities law to rein in chaotic share trading eight years after reopening its stock markets. Lawmakers passed the long-awaited act to replace a hotchpotch of market rules and curb a host of abuses rangingReuters - 335 words
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299 1998-12-30 4 KUALA LUMPUR AFP A MALAYSIAN politician was acquitted yesterday of failing to declare assets belonging to him and his family under the terms of a corruption law. Justice Abdul Wahab Patail found Muhammad Muhammad Taib, one of the three vice-presidents of the United MalaysAFP - 299 words
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Article, Illustration554 1998-12-30 4 ANWAR'S TRIAL Bat he says he can't role oat acts committed five or more years ago AFP Reuters [KUALA LUMPUR] A medical expert told a court yesterday he found no evidence that Anwar Ibrahim's adopted brother, who was jailed for having sexAFP; Reuters; FILE PHOTO - 554 words
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351 1998-12-30 4 JAKARTA Bernama AFX-Asia INDONESIAN Justice Minister Muladi believes many Indonesian economic criminals have taken refuge in Singapore and Hongkong, press reports said yesterday. "We (the government) have their identities but have problems arresting them because Indonesia does not have extradition agreements withBernama; AFX-Asia - 351 words
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215 1998-12-30 4 UKUALA LUMPUR Reuters MALAYSIAN Works Minister Samy VeUu said the government had made no immediate decision to buUd a new bridge to Singapore, The Sun newspaper reported yesterday. "I don't know of any major decision to implement the project within a shortReuters - 215 words
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346 1998-12-30 4 KUALA LUMPUR Delay will worsen M'sia's image, lead to talk of cover up Reuters MALAYSIA'S opposition leader demanded yesterday that Prime Minister Mahathir Mohamad say before the end of the year how his former deputy, now on trial for sodomy and corruption, gotReuters - 346 words
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Article, Illustration922 1998-12-30 4 Yang Razali Kassim - ASIAN VIEW A rare photograph of Dr M and his sisters may carry a political mftSffflgft If nna mAs hutwaan the lines By Yang Razali Kassim AT a glance, the picture of Prime Minister Mahathir Mohamad and his sisters comes across as nothing unusual.FILE PHOTO - 922 words
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451 1998-12-30 5 SHANGHAI Govt bond issues may rise to 300b yuan next year; overseas issues considered FT CHINA is set to rely more on its emerging domestic bond markets and international capital markets next year, as the government continues its fast-growing debt issuance programme toFT - 451 words
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142 1998-12-30 5 NEW DELHI Reuters INDIA is considering gold bond schemes to funnel huge sums of money locked up in the yellow metal into productive investment, officials said yesterday. A finance ministry spokesman confirmed a statement made by Finance Minister Yashwant SinhaReuters - 142 words
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265 1998-12-30 5 TOKYO Rise of ap to 0.85 percentage point as JGB yield increases Bloomberg JAPAN'S six largest lenders are raising mortgage rates by as much as 0.85 percentage point in January as a surge in interest rates trickles down to the consumer level. Interest ratesBloomberg - 265 words
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Article, Illustration75 1998-12-30 5 [SYDNEY] A visitor to the Museum of Contemporary Art sitting on the ground listening to an audio guide while looking at some of the 1967 Marilyn Monroe screen prints on paper from the exhibition The Warhol Look/Glamour Style Fashion' in Sydney yesterday. The exhibition features worksREUTERS - 75 words
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436 1998-12-30 5 COLOMBO They agree on tariff cuts bat at a slower pace than planned by the S Asia grouping AFP A TRADE agreement between India and Sri Lanka alone is a sign that a proposed seven-nation South Asian free trade bloc mayAFP - 436 words
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242 1998-12-30 5 HONGKONG Dow Jones Newswires THE Securities and Futures Commission (SFC) of Hongkong yesterday reprimanded Nomura International (Hongkong) Ltd in the final act of a two-year investigation into improper trades in Australia. Nomura International, which is registered here and is under the regulatory authorityDow Jones Newswires - 242 words
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Advertisement248 1998-12-30 5 For Your Business, We Make Everything Possible. 30% Discount For Existing Customers"! Free Log-Ons No Phone Charges! f Great news for new existing Business Dial-up subscribers! Sing Net 1 foul save 30% on your company S ISP bis 1 wO abut your phunhßtn iiciod mHi iiht Sqfrft fortt«>ext2jMfs! C J248 words
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THE WORLD
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325 1998-12-30 6 LONDON Bank staff working over New Year weekend to get ready for first trading day FT ACROSS Europe the talk is of war rooms, secure telephones and emergency rations, but while the preparations may feel military, the purpose is peaceful: to launchFT - 325 words
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Article, Illustration64 1998-12-30 6 [JERUSALEM] Nahman Bitton, an ultra-orthodox Jew, placing his cellular telephone against the Wailing Wall, Judaism's holiest site, so that a family member in Jerusalem could recite a prayer yesterday. Mr Bitton was one of the many curious onlookers, many of them ultra-orthodox Jews, at the wall whenREUTERS - 64 words
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283 1998-12-30 6 MOSCOW Reuters RUSSIAN security forces are inspecting the central bank's records in an unprecedented investigation of alleged losses of billions of dollars, Interior Minister Sergei Stepashin said yesterday. "It is premature to speak of the sums involved but we are talking about billionsReuters - 283 words
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368 1998-12-30 6 MOSCOW Economic relations between Moscow and regions strained AFP RUSSIAN Finance Minister Mikhail Zadornov warned yesterday that Russia is still in danger of disintegrating due to strained economic relations between Moscow and some far-flung regions. "This is a fairly serious problem,"AFP - 368 words
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253 1998-12-30 6 WASHINGTON Bloomberg THE US economy will enter the new year on a firm footing, US Treasury Secretary Robert Rubin said. "If you look at the economy, the most likely scenario is a continuation of solid growth and low inflation, with theBloomberg - 253 words
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206 1998-12-30 6 LONDON Bloomberg THE London Stock Exchange said trading in international shares rose 52 per cent as more companies listed their shares in London. The value of non-UK shares traded rose to £2.195 trillion (SJ6.I trillion) from £1.443 trillion a year earlier.Bloomberg - 206 words
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Advertisement117 1998-12-30 6 CNBC ASIA. YOUR SURVIVAL KIT FOR TURBULENT TIMES. Nothing can help you survive the Asian economic crisis more than CNBC Asia. With our strong global links, we are equipped to cover global breaking news as well as its impact on Asia and around the world. Because we are Asian and117 words
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EDITORIAL & OPINION
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Article, Illustration746 1998-12-30 7 Tye Kim Khiat - THE BOTTOMUIIB OPINION By Tye Kim Khiat The writer is BT's deputy foreign news editor NO one country has benefited more from the Asian economic crisis than Australia Spiritually, that it Hie crisis is uplifting to the sagging morale of Australia as well as re-affirming746 words
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Article128 1998-12-30 7 'A lot of people want to keep their powder dry to see what happens after the first of the year.' -GregTnorto a money manager, on the reluctance ofprofessional money managers to make big trades at this time of the year because the absence of so many potential128 words
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Article570 1998-12-30 7 EDITORIAL AS 1998 comes to a close, Indonesia stands on the brink of a complete collapse in its social order and a meltdown of its political institutions as rioting and looting continue to wreak havoc across the archipelago. Over the past seven months, rising social tension570 words
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Article, Illustration1272 1998-12-30 7 Paul Semuelson - Modest drop to 2% real growth in US could be favourable from the long-ran viewpoint of sustained prosperity By Paul Semuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in The Los Angeles Times THEFILE PHOTO - 1,272 words
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Article, Illustration864 1998-12-30 7 Political paralysis tn Japan BECAUSE it was never a likely prospect, the apparent failure of a coalition between Prime Minister Keizo Obuchi's Liberal Democratic Party (LDP) and the Liberal Party led by Ichiro Ozawa, will not cause shock or surprise in Tokyo. But it will certainly864 words
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EXECUTIVE LIFESTYLE
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Article, Illustration714 1998-12-30 8 Robin Givhan - FASHION 1998-the year in which many in the fashion world were forced to grow np By\ Robin Givhan LAT-WP THIS has been a sobering year for the fashion industry. Instead of aesthetic accomplishments or innovative style, this year stands as one in which it confrontedLAT-WP; FILE PHOTO - 714 words
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Article, Illustration1413 1998-12-30 9 HARISH MEHTA - But for all their enthusiasm to enter the IT age, the countries remain hobbled by a lack of funds, says haristt mehta HARISH MEHTA CAMBODIA'S King Norodom Sihanouk, who produced and directed some 17 feature films since 1966, has recently made the happy discovery that heFILE PHOTO - 1,413 words
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Article, Illustration734 1998-12-30 9 TECHNOLOGY Urban miner says it's easier to prospect for gold in a mountain of computer waste LAT-WP [SAGAMIHARA, Japan] Saburo Masaoka is an urban miner for the new millennium, panning for gold in the ditches of the information superhighway. At his factory here, MrLAT-WP; FILE PHOTO - 734 words
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Advertisement423 1998-12-30 8 wtt, 7 ~r i "T~Tj7 11% Diners Club Offers up to Sslo,ooo FREE Where to wine, dine and entertain... A} 9 New purchases insurance. aHi *****45 _i ———g—— W New Yean Eve tjft \rnennaTional Buffer Dinne* and Dance EjJ* il Grand Ball Room, Level 2 W 7pm lam dkf $25.00+++423 words
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Advertisement141 1998-12-30 8 ftIGH TE/| Every Saturday, Igp noon to 5.00pm 01dy Adult: $20+++ yj Child: $12 i Reservations: *****88/58 I jK Mandarin QQ Si^faparr I 333 Orchard Road, Singapore *****7. Tel: *****11 Fax: *****61 http-y/www.mandarin-hotel.coni.sg I e-mail: mandarin.tms#n>eritus-hotels.con Book HOW KWvrioH-'j <*«Kv« temsH. I Front 21 si December, and right through the141 words
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Page 8 Miscellaneous
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Miscellaneous792 1998-12-30 8 CBYPTIC CROSSWORD 20 Onp whose pupils are told make notes (5-7) pi H| IH fIH j^H 23 Tree, one found by the river will collide with you (4-2) record? (8,4) YESTERDAYS SOLUTION ngwN 15 Humphrey's artless look to us m c l |6lsleltlolhlolmTelMß .ox appears phoney (5) Bid i a!792 words
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Advertisement117 1998-12-30 9 Where to wine, dine and entertain HELLO '99 J Start a brand New Year on 1 Jan '99 M with a glorious Buffet Lunch m or Dinner at Parrots. B With an infinite spread of jm mouth-watering delights such as Sushi, B I Sashimi and a wide array of hot117 words
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MALAYSIAN PROPERTY
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Article, Illustration875 1998-12-30 10 Ruth Wong - A nationwide property marketing effort is beginning to bear fruit; all eyes are on whether it and other measures will have a lasting impact By\ Ruth Wong [KUALA LUMPUR] WHEN Malaysian developers told the authorities earlier this month that there might be a property overhangFILE PHOTO - 875 words
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Article702 1998-12-30 10 David Boey - Price, location are keyforS'porean buyers, and that includes students By\ David Boey [SINGAPORE] Singaporean interest in Malaysian property appears undimmed, going by the response to the monthlong property fair, but it is something else when university students start making inquiries about buying houses in Johor.702 words
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Article, Illustration738 1998-12-30 11 Eddie Toh - Prices of landed housing in KL, long regarded as a steadfast sector, have finally slipped while condo sales plunge, office occupancy slides and malls stand empty in the capital By. Eddie Toh [KUALA LUMPUR] LANDED property, which held out stoutly against Malaysia's general glut of homes,FILE PHOTO - 738 words
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850 1998-12-30 11 Near-term outlook mixed; positive signs should return in second half next year THE economic slowdown in Malaysia has not spared the residential property sector, but its impact has been less severe than expected. According to the Valuation and Property Services Department in850 words
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Article, Illustration733 1998-12-30 12 Ruth Wong - Office, retail and high-end residential will bear the brunt of the hangover, with capital values tipped to slide as much as 50 per cent in the next two years. Restoring confidence is a must cy: Ruth Wong [KUALA LUMPUR] WHAT went wrong inSource: 1997 Property Market Report of France, Jardine Fleming; Source: 1997 Property Market Report, Jardine Fleming - 733 words
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Article, Illustration494 1998-12-30 12 Ruth Wong - From. Ruth Wong in Kuala Lumpur MOST Malaysian chief executive officers expect properties from most sub-sectors to continue their downtrend in 1999, according to findings of a recent survey conducted by leading international property consultant and chartered surveyor C H Williams Talhar Wong. Apart fromFILE PHOTO - 494 words
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Advertisement502 1998-12-30 10 ———I———— |j v JIL f I W —mßmll J I a v iil K i> I u I M I I ll■ <*%% I (Comfuttd) Ijj I I flI^Bi ¥H» Prestigious 2 1/2 storey terrace homes B '«|BilK I I Wt <■' x centre tp| I jfaf > MF« I502 words
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Page 11 Advertisements
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Advertisement48 1998-12-30 11 when an opportunity knocks, it could be the only chance of a lifetime (12 1 hrrmber 98 -12 Januarx f)f)) I 10% DISCOUNT OFF LISTED PURCHASE PRICE 95% END-FINANCING* WAIVER OF STAMP DUTY AND LOAN PROCESSING FEES FREE S P AGREEMENT 50% LOAN FOR FOREIGNERS AUTOMATIC FlC** APPROVALS48 words
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Advertisement120 1998-12-30 12 r. II 1 1 HI ,i 1 1 lr C%onerMit CAMPAIGN 12 DECEMBER 98-12 JANUARY 99 4000KEEttyy SUNWAY PROPERTY EXHIBITION Secure Your Property •With Special Incentives Offered During This Campaign -A- Up to 20% Discounts No Stamp Duty No Foreign Investment Free Leaal Fees Committee (FIC) Approval Required End Financing120 words
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COMPANIES & MARKETS
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400 1998-12-30 13 Clarissa Tan - ItH focus on serving bilingual customers, new way to provide retail banking By Clarissa Tan [SINGAPORE] Keppel Tat Lee Bank will focus on serving bilingual customers and introduce a new way of providing retail banking services to meet competition from the400 words
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222 1998-12-30 13 [SINGAPORE] Recentlymerged Keppel Tat Lee Bank will chop 300 people from its payroll before the end of next month. Keppel Tat Lee will be left with about 1,200 staff. About 150 people will be retrenched from the bank's branches, while the222 words
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Article, Illustration363 1998-12-30 13 Bloomberg [BRUSSELS] Singapore Telecommunications Ltd (SingTel) said it may raise its 12.15 per cent stake in Belgacom SA if the Belgian government sells its holding in Belgium's biggest phone company. Belgian Prime Minister Jean-Luc Dehaene said in an interview with Le SoirBloomberg; FILE PHOTO - 363 words
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320 1998-12-30 13 (SINGAPORE] To reflect the new shareholding of Singapore Technologies in Vickers Ballas, Wee Sin Tho, Lee Kheng Nam and Ho Soo Ching will join the board of Vickers Ballas, the broking house said yesterday. "They will, together with the existing320 words
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175 1998-12-30 13 [SINGAPORE] GRP Ltd yesterday said that while it had breached a loan covenant, the breach was not due to a default in any loan repayment. The hose and marine specialist made the clarification in relation to an announcement on Christmas Eve,175 words
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612 1998-12-30 13 Wong Wei Kong - HOCK LOCK SIEW Wong Wei Kong CHRISTMAS has come and gone but boutique fund managers in Singapore are still waiting for the Big One to be unwrapped. Santa in this case is the Monetary Authority of Singapore, and the MAS, the612 words
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306 1998-12-30 13 Further fall expected as demand stays weak: analysts Bloomberg [SINGAPORE] Jurong Cement Ltd, one of Singapore's biggest cement makers, is unlikely to be able to halt the slide in its profit in the second half of its fiscal year as demand for the buildingBloomberg - 306 words
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146 1998-12-30 13 [SINGAPORE] Sesdaq-listed Sincere Watch yesterday reported a 56 per cent slump in net profits to $484,000 for the six months to Sept 30. This came on a 16.4 per cent dip in group turnover to $53.4 million for the period. Earnings146 words
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REGIONAL COMPANIES
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Article, Illustration600 1998-12-30 14 Ruth Wong - Foreign party may be invited to bny into M'sian independent power producer From. Ruth Wong in Kuala Lumpur TENAGA Nasional Bhd may sell a stake of up to 7 per cent in independent power producer Powertek Bhd to a foreign party,REUTERS - 600 words
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288 1998-12-30 14 [SINGAPORE] Disk drive component maker Brilliant Manufacturing yesterday posted a 24 per cent drop in group net profit to $5.8 million for the six months ended Sept 30. Turnover dipped 6.5 per cent to $35.5 million. Directors of the main-board-listed firm blamed the profit288 words
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176 1998-12-30 14 AFX-Asia [KUALA LUMPUR] The Kuala Lumpur Stock Exchange said it has publicly reprimanded Kemayan Corp Bhd and MTD Capital Bhd. In a statement, the exchange said Kemayan failed to make an immediate public announcement of its November 1997 acquisition of 838,000 shares inAFX-Asia - 176 words
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Article, Illustration197 1998-12-30 14 AFX-Asia [KUALA LUMPUR] United Engineers Malaysia Bhd unit Linkedua Bhd is planning to restructure its project debt since it is not seeking compensation from the government with regard to the toll collection on the second link. In a statementAFX-Asia; FILE PHOTO - 197 words
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250 1998-12-30 14 Bernama [MANILA] Malaysian utility firms Johan Holdings Bhd and George Kent Bhd are eyeing a water supply venture under a build-operate-trans-fer (BOT) scheme with the Philippine government. In a proposal to the Department of Finance (DOF), the two Malaysian firms intend to pump inBernama - 250 words
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125 1998-12-30 14 [SINGAPORE] DBS Bank has won the Asian Equity-Linked Issue of the Year award in the annual IFR Review of the Year for 1998, the bank announced yesterday. DBS Bank and Morgan Stanley Dean Witter were the joint lead managers of the winning deal125 words
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250 1998-12-30 14 Purchase price likely tobeAs2oomto As3oom: stockbroker Bloomberg [SYDNEY] Pioneer International, an Australian building materials company, said it has agreed to buy Hymix Australia as part of its strategy to buy more quarries. The purchase price was not disclosed, though it is probably betweenBloomberg - 250 words
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330 1998-12-30 14 Daily stock trading in Dec is down to half of November's fignre Bloomberg [HONGKONG] Hongkong's biggest brokerages, including Morgan Stanley Dean Witter Co, Goldman, Sachs Co and Merrill Lynch Co, earned an average of HK5226,656 (5548.527) a day in commission feesBloomberg - 330 words
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170 1998-12-30 14 Reuters [MANILA] The Philippine Securities and Exchange Commission (SEC) has barred the 22 creditor banks and shareholders of the ailing Eyco Group of Companies from pursuing their claims, according to documents which were circulated by the SEC yesterday. The SEC also approved the group's rehabilitationReuters - 170 words
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256 1998-12-30 14 Bloomberg [BANGKOK) Siam Commercial Bank pic, Thailand's fourth-largest bank, almost doubled the amount of new capital it is seeking from shareholders and the central bank to offset rising bad loans. Siam Commercial, the first to voluntarily seek state aid under aBloomberg - 256 words
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236 1998-12-30 14 Reuters [JAKARTA] Indonesian noodle giant PT Indofood Sukses Makmur told the Jakarta Stock Exchange yesterday that no decision has yet been made on who would buy its lucrative flour mill subsidiary PT Bogasari. Indofood announced plans earlier this year to sell allReuters - 236 words
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COMPANY Briefs
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76 1998-12-30 14 AFX-Asia [SINGAPORE] The Central Provident Fund has approved four new companies as trustee shares for the CPF Investment Scheme. From the ma inboard, Chuan Soon Huat Industrial Group, MMI Holdings and Thakral Corp have been added to the scheme, which now alsoAFX-Asia - 76 words
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Article73 1998-12-30 14 Ruth Wong - -By Ruth Wong [KUALA LUMPUR] Sime Bank Bhd, a 60.35 per cent unit ofSime Darby Bhd, has received Bank Negara's approval to negotiate with Public Bank Bhd for the sale of a 51 per cent stake in Sime Merchant Bankers Bhd. Sime Merchant Bankers is73 words
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59 1998-12-30 14 AFX-Asia [SINGAPORE] Provisions Suppliers Corporation said the Stock Exchange of Singapore has approved in principle the company's move to amend its Articles of Association for share buybacks and subsequently seek shareholder approval for this purpose. The company said it will send a circular InAFX-Asia - 59 words
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80 1998-12-30 14 AFX-Asia [MANILA] Mega world Properties and Holdings Inc has offered to subscribe one billion common shares in Empire East Land Holdings Inc through a private placement, Empire East corporate secretary Enrique Santos Sy said. He said the Empire East board has authorised managementAFX-Asia - 80 words
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Article72 1998-12-30 14 AFX-Asia [BANGKOK] United Communication Industry pic will issue 250 million new shares, raising the company's capital to 5.14 billion baht (5J232 million) from 2.64 billion baht The company said it would allocate 170 million new shares with par value of 10 baht each as anAFX-Asia - 72 words
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COMPANIES
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280 1998-12-30 15 Bloomberg [PARIS] LVMH Moet Hennessy Louis Vuitton SA, the world's No 1 luxury goods company, said its new investment fund bought the parent company of La Brosse et Dupont SA, France's largest maker of toothbrushes and other hygienic goods. Financial details weren't disclosedBloomberg - 280 words
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237 1998-12-30 15 Increase due to rush to merge among medium-sized firms in light of sluggish business Reuters [TOKYO] The number of mergers and acquisitions involving Japanese companies in 1998 marked a record high at 908, up 237 from the previous year. NikkoReuters - 237 words
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315 1998-12-30 15 Bourse hasn't determined cause of failure: spokesman Bloomberg [NEW YORK] In an embarrassing glitch to the New York Stock Exchange (NYSE), trading in America Online Inc (AOL) was disrupted twice on Monday because of an equipment malfunction. Trading in AOLBloomberg - 315 words
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Article, Illustration518 1998-12-30 15 Reuters Bloomberg [NEW YORK] AT&T Corp, the leading US long-distance carrier seeking to become a provider of a wide range of voice and data services, has nearly completed its programme to eliminate an estimated 18,000 jobs in its traditional areas, a yearReuters; Bloomberg; FILE PHOTO - 518 words
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FINANCE & COMMODITIES
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478 1998-12-30 16 HKs33b listing plans of monetary authority being watched closely Bridge News [HONGKONG] Hongkong's quasi-sovereign issuers will boost their debt securities listings on the Stock Exchange of Hong Kong (SEHK) once the Hong Kong Monetary Authority (HKMA) lists HK$33 billion (557.07 billion) worthBridge News - 478 words
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447 1998-12-30 16 USs44b flows to fund firm in first 11 months of year Bloomberg [NEW YORK] Vanguard Group probably pulled a record amount of money this year into its stock and bond mutual funds, surpassing the mark set in 1993 by chief rival Fidelity Investments, anBloomberg - 447 words
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Article, Illustration270 1998-12-30 16 Aussie bank eyeing Taiwan, S'pore, India units: report Bloomberg [SYDNEYI Australia New Zealand Banking Group Ltd may buy Bank America Corp's Asia retail business as it looks to expand its regional presence, analysts said. ANZ refused to comment on a report inBloomberg; FILE PHOTO - 270 words
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Article333 1998-12-30 16 Bloomberg [KIEV] The European Bank for Reconstruction and Development will buy a 15 per cent stake in First Ukrainian International Bank, making it the second largest foreign shareholder in the privately owned Ukrainian bank. The agreement to buy FUIB for between US$B mil-Bloomberg - 333 words
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Article, Illustration45 1998-12-30 16 [BERLIN] Price labels in Deutschemarks and euros on display in an electronics store in Berlin on Monday. The shop is displaying prices in the two currencies so that customers can get used to the euro, which will be introduced on Jan 1. REUTERSREUTERS - 45 words
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330 1998-12-30 16 Reuters [MADRAS, India] India's southern state of Tamil Nadu has selected a Siemens-led consortium to implement an integrated liquefied natural gas (LNG) terminal and power project, a senior state official said on Monday. 'We've chosen the consortium led by Siemens, the Dakshin Bharat EnergyReuters - 330 words
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Article205 1998-12-30 17 Neil Salter, Jardine Fleming - Reports MSCI Singapore Index Neil Salter, Jardine Fleming BOTH the MSCI Singapore contract and the underlying cash market behaved in a similar way for much of the day yesterday. This was illustrated in the first hour of trading, where the Simex contract opened slightly weaker at205 words
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172 1998-12-30 17 Cecilia Loh, Refco Singapore - MSCI Taiwan fatores Cecilia Loh, Refco Singapore THE Simex MSCI Taiwan Stock Index futures posted a gain of 5.70 points on optimism that the Taiwan cabinet will announce a package of regulatory changes such as tax cuts on property trading and more government subsidised172 words
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352 1998-12-30 17 ENERGY REPORT Reuters [LONDON] Oil prices rose yesterday on fresh US-Iraq tension but the gains looked brittle amid signs of deepening disarray within the producer club Opec. International benchmark Brent crude from the North Sea was trading 35 cents higher at U5510.46 aReuters - 352 words
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Article310 1998-12-30 17 AFX-Asia, AFP AFP Now York THE dollar was slightly easier in rangebound afternoon trade, as the market shrugged off the US economic indicators that continued to underscore a buoyant consumer sector, dealers said. Data released earlier showed the US Conference Board consumer confidence index eased to 126.1 inAFX-Asia, AFP; AFP - 310 words
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Article, Illustration1170 1998-12-30 17 NTERBAVK CROSS BATM Dec 29 1 11 9 M AS Ct 8* m Fft 9m m Xt»n* Tte Wm Wk mm* Nt» K 8— Mr W$ 0a« Pw— W> Awtralta 4943 4178 0J»» 14T7 1419 4710 2SJ*****40 4702 7.354 2J» 1171 3L*****409 1409 1578 0432 19M7 22J56 0J63 0408 Cm*1,170 words
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Article1294 1998-12-30 17 SICOM FUTURES Dec 29 UUM£R (futum oosmq ts «i 5J0pa» RSS t CONTRACT (S atrtsAg) C*M VtfMt Op* Mutt low Srtt (towm) Jan 99 104.00 ISO r*99 105.00 m Mar 99 107.50 1275 *r/j«>99 112.00 2250 99 86J0 300 Oct/Dec 99 120JO 75 MS3C0NTUCTQScMbA« Vohinw Opw Ml i j k1,294 words
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Article, Illustration1077 1998-12-30 18 Reuters H Hug Stag «6&83 STOCKS closed higher yesterday, boosted by futures-re-lated trading, but brokers said real buying interest had not yet returned to the market and activity would remain subdued. "There is no incentive to put money in the market at this time and at this level," saidReuters - 1,077 words
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Article, Illustration465 1998-12-30 18 Reuters FlSh«gh«iß Index +<M) 8 SHENZHEN'S hard currency B shares ended higher yesterday, supported by retail buying after news that China's parliament passed the country's first securities law took the index lower in early trade. The B Index gained 0.06 of a point to 52.67 on turnover of HK$3.3Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 465 words
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Article364 1998-12-30 18 AFP □WP Index -038TAIWAN share prices slid 0.1 per cent yesterday in thin trading despite strong government support, analysts said. "It was obvious that the government had tried to lilt the index towards the end of the session but the efforts were useless as market confidence remained weak," saidAFP - 364 words
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Article1184 1998-12-30 18 Lommtt Mntrlab Mclf IM *h 31 Group 584.000 4.000 AB Ports *****0 5.500 Abbey National 1299.000 24.000 Allied Oomecq 556.500 2 500 AMed Zurich 90.900 2.600 Amec _I78.000 unch Asda Group >63.2 SO 3.750 BAT told 554.000 *12.000 BG Pie 389.500 -5.750 BICC 65.000 2.500 BOCGroup 855X001,184 words
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Article603 1998-12-30 18 Reuters AFP QKkUaS +137.84 TOKYO stocks rose right before the close yesterday as a large-lot futures order was traded at market, pulling cash shares higher, traders said. Gains were tempered by rising bond yields and weakness in selected bank shares which weighed on an already weak banking sector. "TheReuters; AFP - 603 words
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KUALA LUMPUR STOCK MARKET
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Article3904 1998-12-30 19 Cuhmt priMt I «qo a Last V«i D«v Cap I hJT\~ c~—< H» —u. Pn mm 320 170 t+nomoto MO -8 43 2 jSJ 120-2 to 123 n 2 285 2*9 9.9 114.0 i 310 123 Apolw Food N«9 frr I: M m 1*4 3 a 1317.2 I M/ 8S3,904 words
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Article, Illustration248 1998-12-30 19 AFP rl Composite Into +\<M MALAYSIAN share prices ended 1.8 per cent higher yesterday spurred by window-dressing and news that the government had secured US$l.35 billion (552.2 billion) in loans from foreign banks, dealers said. The Composite Index finished at 566.23 points, upAFP - 248 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1871 1998-12-30 20 BONDS, LOANS ft WARRANTS m 1998 Last V*4 Day Last Ouot* A»q Ht*h Low stna Company Sal* *or- COOO) Law Buyer Sailer Price 2a5 3 3160 A Acer ******1 US$ 12 unch ~77 12 10.5 11.5 12 95 4.5 3164 Acma ******4 15.5 unch 78 18.5 15 15 15.5 161,871 words
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Article214 1998-12-30 20 NMOMM STOCKS Or Gr 1998 Lnt Vol Day Last Owot Mt Mv YM nh M Cap High Low Stno Company Sat* COOO) High Law Buyor Mar Cvr P/T M 400 250 5123 COL (2000) MK 400 8 2A 2 20.5 7744.7 5124 Cathay Pac 20c HK_720 265 2.1214 words
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211 1998-12-30 20 Wong Wei Kong - WARRANT WATCH -By Wong Wei Kong KEPPEL Tat Lee Bank covered warrants, issued by DBS Bank, closed down $0,025 at $0.57 yesterday on a volume of six million units, the session's most heavily traded issue. This is a very attractive warrant, with a premium of211 words
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Article250 1998-12-30 20 AFP Q Wellington -1107 STOCKS fell yesterday with some offshore selling creeping in late and higher interest rates a negative factor. "It was pretty quiet today with only NZ$47 million through the market," Chris Gaskin at Credit Suisse First Boston said. The NZSE-40 Index lost 13.07 points to 2,110.34.AFP - 250 words
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Article, Illustration674 1998-12-30 20 AFP n Composite Index -3.45 SHARES closed down 0.8 per cent yesterday in thin trade amid a weaker rupiah ahead of the four-day New Year break, brokers said. "Most players are on hold or are accumulating shares and ready to take profit, mostly in state-owned stocks," a dealer withAFP - 674 words
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Article, Illustration335 1998-12-30 20 AFP C 3 SET Index -8.48 THAI share prices fell 2.4 per cent yesterday led by declines in the banking and finance sectors after the central bank announced data on the banking sector's non-performing loans, analysts said. The SET Composite Index shed 8.48 points to close at 351.81. Thailand'sAFP - 335 words
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Article286 1998-12-30 20 AFP Q Manila +35^4 PHILIPPINE share prices rose 1.8 per cent yesterday, the final trading day of 1998, on last-minute buying by investors positioning for the new year, analysts said. The Composite Index closed 35.84 points higher at 1,968.78. Trading resumes on Jan 4. Volume surged to 1.40 billionAFP - 286 words
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Article495 1998-12-30 20 AFP PmOrdnuuiM +4.4 AUSTRALIAN share prices inched 0.2 per cent higher yesterday in subdued trade with the holiday season still in full swing, brokers said. The All Ordinaries Index gained 4.4 points to 2,768.4. National turnover totalled 190.38 million shares worth A 1427.40 million. The All Industrials index gainedAFP - 495 words
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6287 1998-12-30 21 Gr Gr M Wt 1994 L«lt Vo» Day Last Owota Mv Wv VW Nat Cag A»1 wm> Law two cimMY xn rooo) wm> Law »«yr w«r cv MULTHMBUSTtY M2 49.5 ml K>00 AcmaSOc 70.5 -3 134 73 70.5 70.5 72 27.5 1 193 56,287 words
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Article1069 1998-12-30 21 Or Or M Wl ItN LMt Va< Day Lett Oueta 0«v Mv VM Ndt Cap A*« Ml» L— wm Ciapaay Sale COOP) HN> Lew Buyer Cw M Ww V j* >. i NMvrA%TnQR9 1 '<. T- 243 30 2049 AS Auto 10c 83-5 -0.5 8648* 83 83.5 84 t5N1,069 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration398 1998-12-30 22 Warn KepTatLee 8k DBS WOO 5,963,000 KepTatLee Bank W02 4,647,000 CM Telecom HK75c 3,782,000 *TanChonqlnt50c 2,835,000 Keppei LandWOO 2,715,000 ST Capital 25c 2,638,000 KepTatLee Bank WOO 2,424,000 Keppei LandSOc 2,423,000 Wing Tai 25c 2,224,000 Hotel Prop 2,122,000 Stedu Creative T 25c 5,239,835 OUB Foreign 5,198,200 UOB Foreign 4,839,186 DBS Land398 words
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Article, Illustration668 1998-12-30 22 Wong Wei Kong - STOCK MARKET COMMENTARY UOB's rate cat of 0.5 point disappoints market; meanwhile, second-line property stocks attract scattered interest By Wong Wei Kong [SINGAPORE] Shares had another quiet outing yesterday as interest in the market waned amid the holiday season. The absence of fresh668 words
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ON THE GRAPEVINE
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Article61 1998-12-30 22 QUIZ time: Which American investment bank, after a mega-merger in 1997, got awarded simultaneously and unprecedentedly the International Financing Review magazine's 1998 Bank of the Year, Bond House of the Year, as well as Equity House of the Year titles recently? It's Morgan Stanley Dean Witter, which61 words
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Article126 1998-12-30 22 WITH the Chinese authorities threatening forex cheats with the death penalty, you'd think that black market money changers must be pretty discreet and not openly advertise their business. But as the travel season arrives, many Shanghai travel agencies are openly advertising tours to Thailand for only126 words
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Article143 1998-12-30 22 Forbes magazine has just named pharmaceuticals giant Pfizer, the company behind Viagra, as Company of the Year— according to a Bloomberg report. The company's R&D efforts could pave the way for some US$lO billion in revenue over the next five years, of which Viagra is143 words
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Article143 1998-12-30 22 THE statistics look scary. Over US$BOO billion may be required to fix all the year 2000 (Y2K) glitches in computers before 1999 runs out. Ever wondered who was the first in the world to spot the bug? According to a Reuters report, one of143 words
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Article, Illustration62 1998-12-30 22 Wong Wei Kong - by Wong Wei Kong KEPPEL Land shares closed up $0.01 at $1.73 yesterday on a volume of 2.42 million shares, compared with its 10-day traded average of 4.71 million shares. The daily and weekly RSI and Stochastics indicate that the stock is entering a consolidation phase. This is62 words
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Advertisement136 1998-12-30 13 THE LATEST H *r DESIGN OF INDONESIAN IV mM mM m For the first time ever and one of the biggest joint exhibition under one roof featuring various |B furnitures from Singapore as well as various ■H Indonesia manufacturers that will bring the latest I 111 l P design of136 words
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Advertisement5 1998-12-30 14 THEBUSINESSTIMES R Hoirc Shipping Times5 words
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Advertisement274 1998-12-30 15 Pentium* II processor 233 MHz/ 3.2G8 hard driva/ 12.1" display/ 3.4 kg/ 4.6 cm thin at >3,699. tools Great 12.1 inch TFT display screen. Built-in CD-ROM. Soundblaster Pro stereo sound. And a keyboard so roomy you forget it's a notebook. The Thinkpad 390 packs everything you need to do business274 words
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Advertisement18 1998-12-30 15 The Straits Times CLASSIFIED Where buyers and sellers meet Find ready cash by advertising your garage sale. CAXSL18 words
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Advertisement7 1998-12-30 16 Takes you behind the news TheßusinessTimes sinoapobi7 words
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Advertisement26 1998-12-30 18 >> M '<*f* > <#--.• 1 1 1 -+4*'r J f > \.l I i^faiiPi JSg299E5j Thursdays v* THEBUS t. V M- 'fc/.- V J v Vt'l 1 4 J26 words
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Advertisement18 1998-12-30 19 Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. jfe. i18 words
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Advertisement67 1998-12-30 20 I /The card weA f the computer I you this was a I X making for Susan I I advertised in I goo<l deal./ Yup, we got what V is going to be J Straits TimesJ s J* S Iwe wanted because real nice! Nsaass^edZUM of :l;jt,t' ce §k 167 words
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Advertisement29 1998-12-30 20 ♦The Seoul market was closed yesterday for a holiday I awn an education institution. The Straits Times Classified ismy course to success. CATS. 1800-737-1166 Call Today For Results Tomorrow.29 words
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Advertisement7 1998-12-30 21 i s£2s3i 585E55?* >i< v «—«<— m»« TheßusinessTimes7 words
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Page 22 Advertisements
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Advertisement900 1998-12-30 22 BUSINESS X()tiC( S To advertise call toll-free 1800-741 1883 NOTICE SINDAIWA NOMINEES PTE LTD Sindaiwa Nominees Re Ltd ("the Company") will be placed into members' voluntary liquidation shortly. To finalize the Company's affairs, the Company has on 14 November 1998, pursuant to an Order of Court dated 26 November 1996,900 words
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Advertisement250 1998-12-30 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHEE WEE HUAT ENGINEERING CONSTRUCTION CO PTE LTD (MEMBERS* VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of SHEE WEE HUAT ENGINEERING CONSTRUCTION CO PTF. LTD duly convened and held at 319 Braddell Road250 words
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Advertisement568 1998-12-30 22 In the nuuer of (he Companies Act, Cap. 30 OVERSEAS TRAVEL CENTRE PRIVATE LIMITED (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at its registered Office at 3918 Orchard Road 12-01 Ngee Ann City Tower B. Singapore568 words
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Advertisement795 1998-12-30 22 NOTICE OF APPOINTMENT Of PROVISIONAL LIQUIDATOR CABLE WATER SKIING (ASIA) PTE LTD (Incorporated in Singapore) Take notice thai Teo Seng Chee of S C Too A Co. 149 Rochor Rond. #05-07 Fu Lu Shou Complex. Singapore *****5 has been appointed provisional liquidator of the abovenamed company on 22 December 1998795 words
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SHIPPING TIMES
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Article267 1998-12-30 23 M W CWT Distribution 0.49 *0005 W ChuanHup 0.53 -0.005 38 Coico invastmant ..0.50 *0.03 5 Fraight LMu 0.17 -0.009 883 oe i 0J7 »o.oos w Hal Sun Hup 0.42 *0.005 96 HNacN2oaa« 0.73 *0005 41 tMCHoMnq* HK 5.60 Jaya Holdings 0.52 unch 4 Jurooq Shipyard 7.35 Kappal267 words
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Article, Illustration546 1998-12-30 23 Delays in unloading dne to labour problems and high fuel costs cited as reasons Reuters [COLOMBO] Several shipping lines have pulled out of Colombo in recent months and Sri Lankan shippers said it is hurting the growth in transhipment volumes at the country'sReuters; FILE PHOTO - 546 words
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787 1998-12-30 23 Seafarer - STRAIT TALK By! Seafarer AS most cinema-goers will be aware by now, the Titanic took a considerable time to sink after hitting the iceberg. Indeed that is why the loss of life in that disaster was so appalling. Had there787 words
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240 1998-12-30 23 Shipping firms not ordered to buy locally-made vessels: ministry official Bloomberg [BEIJING] China will not ban imports of ships to boost demand for locally-built vessels made by companies such as Guangzhou Shipyard International Co, a Ministry of Communications official has said. In recentBloomberg - 240 words
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304 1998-12-30 23 USs2oom joint venture will own and operate a liquefied natural gas tanker Reuters [NEW DELHI] Enron International, a subsidiary of Enron Corp, signed a pact with Shipping Corporation of India (SCI) for setting up a joint venture for transportation ofReuters - 304 words
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Article, Illustration1137 1998-12-30 24 SOUTH KOREAN SHIPBUILDING Competition forces major yards to move to high-value end of the industry and develop new customers Maritime Asia IN the wake of the Asian, and now global, economic turmoil, South Korea's shipbuilding industry has suffered the full roller coaster ride of emotionsMaritime Asia; FILE PHOTO - 1,137 words
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Article329 1998-12-30 24 PAGE FoongSun 8 ami. 3 Frota 12 Accord 8 Frt LW» M Ahrenkiel 12 6 Link 4 Appenship 5 &WMrtrjn5 8 AsiaOCL 6 Genshgp 12 Austral 8 WoryKw M Avant 14 HaiSunHu P 8 B'tang Mas 8 Hanqli BSA 7 Hin in BTL 14 Heung-A Bataj. Shpg329 words
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Article17568 1998-12-30 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga Talaphona ETA ETA Advartisar Vassal Voyaga THapTwv* SIN Dast'n Nam# Nam* Numbar Numbar SIN Dast'n Nam* Nam* Number Numbar ■■MMMHHIHBIMMRMNIHMWMWRNMMIdHHMMIMMISMMMMIMMHMMI 06/01 01/02 Kian Hung FREEDOM CONTAINER FRIOTS 65-*****11 To ABIDJAN (ABJ) 2003 Cot* D'lvoire oo/oi 01/02 cosco maple17,568 words
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SHIPS IN PORT
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Article686 1998-12-30 37 Vessel Voy No Berths Arrival Departure J»m Nrt UMunj J' 129&J JOS jlonqiO# 3112/0400 2ST 24 JOT ilongsiOt 30.12/W00 l>»> HtcM JOT *y»<rs«* 2MK22? Cosmjr 12/96 JT7 HonqwA 0613/1500 G«M) 1 08/98J J07 Honqsi6» 2912/2100 Nm hm»« ****** JI3 w~j*a. S®/™" Htm ***** JM itomjsid* 10.12/0700 HOM) 1686 words
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Article1236 1998-12-30 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Vov Ho Etb/Btr Period From To From Act 31/isoo i* 29/1500 29/1*59 n Q*°° w 29/isoo »«oo 2* 29/1700 30/0659 30/0900 21 29/T700 30/0*59 30/0900 30/0700 30/1159 30/1400 4 30/1200 30/1459 30/1700 Anin Bhuin *010 OVWOO W1,236 words
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Article244 1998-12-30 37 D«o 20 Japan: New Year Holiday (Govt Offices). Dm 30 Japan: New Year Holiday (Govt Offices). Philippines: Rizal Day. Dm 31 Philippines: New Year's Eve. Brunei: Yearly Bank Closing. Japan: New Year Holiday (Govt Offices). Switzerland: New Year's Eve. Thailand: New Year's Eve. Jul Australia: New Year's Day.244 words
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Article847 1998-12-30 37 THIS report, compiled by Cockett Marine OU 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 Individual847 words
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Article435 1998-12-30 37 Carbon t80 Mu 991.0 3.9 15.4 0.15 78 0.07 n- «7 ruMM V mater Residue Ash jUunlnlurn Sediment No above £25 0 1 380 Ave 988.1 0J 14.5 0.07 31 0.02 u 380 MM 994.2 U) 19.6 0.11 61 0.06 ns/MM v/v m/m m/m pw wttiwx435 words
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AIR&LAND TRANSPORT NEWS
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Article, Illustration522 1998-12-30 38 Alec Almazan - Former US naval base at Sangley Point can accommodate two rnnways From. Alec Almazan in Manila THE Philippines is planning to build a new international airport at a former US naval station at Sangley Point in a province south of Manila. PresidentFILE PHOTO - 522 words
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Article, Illustration48 1998-12-30 38 [QANTARA, Egypt] Builders work on the construction of a bridge on the Suez Canal. The bridge, funded by Japan, will be the first to link Africa with Eurasia, crossing the Suez Canal in Qantara city around 50 km south of the Mediterranean Sea. REUTERSREUTERS - 48 words
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Article, Illustration726 1998-12-30 38 Bloomberg [TOKYO] Japan Airlines' largest shareholder called for the resignation of the company's board of directors and president Isao Kaneko to take responsibility for declines in revenue and profit at Asia's biggest airline. Eitaro Itoyama, 56, who owns 3Bloomberg; FILE PHOTO - 726 words
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262 1998-12-30 38 Bernama [MANILA! The government remains committed to saving the debt-ridden Philippines Airlines (PAL) from collapse. President Joseph Estrada said. He told reporters he was confident that renewed negotiations with the Hongkongbased Cathay Pacific Airways to infuse fresh money in PAL would beBernama - 262 words
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Article, Illustration289 1998-12-30 38 AFP [BEIJING] Smog-choked Beijing declared war yesterday on the city's hordes of minibus taxis, nicknamed the Yellow Peril, by casting the first 3,000 into a white hot smelting pit at a local steelworks. The first 3,000 vehicles were melted down at the CapitalAFP - 289 words
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Article1636 1998-12-30 38 CITT MIGHT ETA FU6HT ETP $***** 23W Adalaida AN8230 1920 Fdwato SOW 1TB S0990 OOP IH6381 1920 CilllHillHK CZ3S 2035 1 ***** 1,20 1 1 Hanoi VK741 13» VK742 0905 Aastcrdaa KL843 0540 S024 2320 S0t75 1835 $0176 1035 N***** 0800 M.838 2335 VN740 1410 *2521,636 words
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Advertisement24 1998-12-30 23 South Korean shipyards find new market niches Competition forces major yards to move to high-value end of industry and develop new customers. Page 224 words
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Advertisement202 1998-12-30 23 Attract loads of new business AIR CARGO >«• Special Feature Shipping Times Thursday, 21 January 1999 (Booking deadline: 14 January) To highlight the latest developments and the future of the Proposed editorial highlights include: multi-billion dollar air freight industry, Shipping Times will Future development of the air cargo and air202 words
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Advertisement20 1998-12-30 23 Philippines plans new intl airport sonth of Manila Former US naval base at Sangley Point can accommodate two runways BaekPftge20 words
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Advertisement1120 1998-12-30 24 I NORTH AMERICA 1 I EXPORT I I OTHER HEmMED BSX SUPER BHUTTUI IXPfli9> DffWKTr TOTa HI I WIST COAST OF CENTRAL AMERICA {MARGARITA SERVICE) *ssa r ~~w r™n mym ia m I" 8 0 II mM mit I n.iMUM aojutu w» ioopco (omtto n ouhbu iubiavwtuu uma<*u: ooqamika JIHH1,120 words
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Advertisement678 1998-12-30 24 A Members ot the (-Bo®-) by Members ofthe Registry o» Nigjf.a Singapore Fretght Forwarders Accredited Shipping Agents ClUp Association Singapore Shipptng Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess LJh VOIW 14.H1/99 IV9I/90 24/11/99 Princess Lily V 0299 06,92/W 14/*f» LIUT MARINE SERVICES SINGAPORE Phone678 words
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Advertisement1176 1998-12-30 25 TO EUROPE FROM EUROPE vtssa vor I sin »w >m ham m sou fxt leh~ Ivessei vot htm >m k*m wv sou fxt lxh sin HY ADMIRAL 317W 31/12 23/01 20/01 21/01 11/01 HYIARON 31M 12/12 0»/12 10/1207/12 11/12 NOICMAi 00SW 01/01 17/01 19/01 22/01 23/01 HY EMPEROR *****0/12 12/121,176 words
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Advertisement2336 1998-12-30 25 (2) HANJIN SHIPPING HANJIN SHIPPING (S) PTE ITD lM*: !/wm Iw# tw KXX*G SALES 37M774 731 DOCUMENT 32*0271 774 OPERATIONS *****41 757 MAM UNE *****55 HI 777WM 0 ************ TO NW USA CANADA USA CANADA* FM VSI/VOY MM S»! UM HAUI/VOT SU TTW DM TO CM MSP HT DTT MM2,336 words
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Advertisement1448 1998-12-30 26 DSRSENATOR UNES TO UK/CONTINENT TO MEDn^RRANEANCANADA VtSSfL VOT "wT" LEH HTM WW HAK BBV FU VESSEL VOT l» BIT IK FOS W.C WTW HAMJM KfELUMG WQMI 1112 MH Mil 07 H M.Ol 10 01 CHOYAMB PHOBM WIMOI 1111 H.tl 04 01 0* 01 10 01 17 *1 PUMJM SEHATOR WNOO21,448 words
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Advertisement1048 1998-12-30 26 m. Am MAC-NELS SPORE M'Slfl I Carrier: MN CONTR LINES, INC P. GUOANO: (07) *****26 I l~Nry V- J OUNOi IaPOtTtOOOOK S»U: (084) *****9 MAMLA: (632)*****24 V PENANQ: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCHINQ (062) *****1-3 BARCELONA1,048 words
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Advertisement636 1998-12-30 26 LINE WSr 4A nil *****96 FAX: *****13 MUARA 1 LABUAN vissa vor to ra vrssa vor ett> eta spore mm spore lm Slum HOP! V34E/10 01/01 05/01 STRAITS HOPE V341/W 01/01 00/01 CAIAIAJBB-S2 VOIE/W 05/01 01/01 CAIAkA JMO-32 VOIE/W 05/01 00/01 STRAITS MOPE VOII/W 13/01 14/01 STIAITSHOPE VOII/V9 13/01 17/01636 words
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Advertisement1263 1998-12-30 27 [vessel voy I sin sip pro pen pqb dub shj ba bik IRAN TAKHTI PJLI324 07/01 IS/01 IS/01 17/01 20/01 IRAN TABATABAEI TBA 25/01 04/02 03/02 08/02 08/02 PQB- Mini Qatjooj, OUB > Dubai. SHJ Sharjah, BA Bandar Abbas, BIK Bandar Imam Khomilni ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN1,263 words
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Advertisement2726 1998-12-30 27 Wnkly to K«rop« Main Mil ivory Monday ond Saturday 1 Diroct to Browowhavow ia 20 day» J SINGAPORE'S GHKRAI AGENTS: 6 SHENTOH WAY TEL 226 1900 FAX: ***** M OUTWARD (l/l) T"T2os!o?™JOHOßEOfFlar™ COSTAR SHIPPING PTE LTD #i7-08DisiUK> SAUS/IKGS *****57/ M INWARD MPT <D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD2,726 words
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Page 28 Advertisements
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Advertisement1459 1998-12-30 28 EUROPE/UK/SCAMDWAVIA/FINUUiD/RUSSIA SGP ROM AMW HBG THP ZEE LHV IHV THP ROM AN W HBG PKL SGP E. OECENT RW-007 03*1 *2*l 27/01 23/01 25/01 26/01 27/01 E. REACH RE-021 02/12 05/12 04/12 06/12 06/12 31/12 01/01 E DIAMOND RW-003 10/01 20*1 03/02 30/01 01/02 02/02 03/02 E. ROYAL RE-040 10/121,459 words
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Advertisement1104 1998-12-30 28 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore *****0. j CR NO: **********06 IVKSCI vot m Isw I m sro im tm m am wi m I'lTI 1 lUNGA TIXATAI 2 $03 11/12 1/1 IJ/1 14/1 M/ 1 21/1 27/1 21/1 KOTA PCTWWA PWIO7I 2/1 4/11,104 words
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Advertisement610 1998-12-30 28 /CII NANTAI LINE FULLY CONTAINCRISED SCRVKE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN PUI PU« JN» CTT M NANttl VENUS V.031S 03/01 11/01 15/01 11/0) IVOI n/Pl GOiDEH DBAGON VOW 11/01 70/01 24/01 27/01 a/01 WjHM PttWCESS VO26S lt/01 02/02 05/02 04/02 NAMttIQUEEN VO32S 26/01 04/02 M/ 0? 11/02 12/02610 words
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Page 29 Advertisements
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Advertisement468 1998-12-30 29 BSfl x M MYANMA wBBk FIVE STAR LINE (Myannor National Line) Loading for Yangon (Rangoon) VESSEL VOY SIN Ml PEN POU SJTTWE 83W su> DAWEI 1W SIO MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUL TEL (03)*****00 PKL TEI (03)376*101 PEN: HI (04)*****03 PGU: TEI (07)*****21/4 BANK LINE (A strvict of Andraw468 words
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Advertisement1729 1998-12-30 29 HM! HJQJNDA^AERCHANTJJAARINECO^TD^^^^^^ Vtssa VOY 51 SOU Ila I NIM lAW I HAM I MIV I m IIVBSE VOYI SOU UH RTM AWT HAM RRV IE 51 HYAOMMAI 317W 31/12 11/01 23/01 20/01 21/01 HYRAMN 3161 07/12 12/12 01/12 10/12 31/12 NOICORAL 005W 01/01 23/01 22/01 17/01 19/01 HYEMPBOR 3151 01/121,729 words
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Advertisement1110 1998-12-30 29 v norwcgiori specialized ootocomen W 1 ©S®°K TO NORTH AMUJIN AMERICA RORO HEAVYUFT SERVICE" VESSEL VOT RAMP HEIGHT SIN LAX CM. HUA SAV |MI ORF NYC NEW MM TAPKXA F9Ol 4001«h 6.3 M INPORT ~24/0T WoT" "0576T *****" WOT T0762 11/02 16/02 17/02 TAMPA F902 4001«H 6.3 M 13/01 09/021,110 words
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Page 30 Advertisements
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Advertisement927 1998-12-30 30 BANGKOKMMP TA PHUT/lAEM CHABANOI f~ JAK AWT A/FAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NANTA BHUM" 426N In Pt 02/01 03/01 GURU BHUM HQS In Pt 03/01 KOTA RATNA RNAO77 In Pt 02/01 GURU BHUM 110 SB 31/12 03/01 XETHA BHUM 265* 31/12 03/01927 words
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Advertisement570 1998-12-30 30 INDONESIA NATIONAL LINE TO EUROPE txpßEsa acy-cowriuwßiwEP sewice wi I m I s poaTI rmt/i'DZii humk wuibi unmtr a ytssii I I 3i/»i w/w i*/w omn n/n~ TO AUSTRALIA I FULL COWTMWBt SERVICE wi vot| ru. m m im stb Ma h*a abi IhT oumicAinAT ms 3i/n«/»i n/oi n/ti i»/»i570 words
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Advertisement1038 1998-12-30 30 g VOY |SN 1 PKL MLA LEH RTM HAM ZEE 90T V*_LE DE ANTARES i Jlgf 0&"P1 0W)1 IMH 2&PI 28/01 27/01 29/01 3CVOI VaiFDEVnOO S29W 12AM IJQI 25AM 01/02 02AJ2 03/02 06/02 OKB V'CQCVELA IftPl 20/01 01/ OS OMB (WO2 1002 12/02 IVO2 w i c crtc QMAmnidA H29W1,038 words
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Page 31 Advertisements
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Advertisement56 1998-12-30 31 I ■«ul STElffc Dial 740-6000 Oil G€EITI3nCj (Retrieve more schedules!) Press "1" Select the port and key in STBCI the four digit code eg: To New York (NYC) 2275 st£) Key in your fax number your phone number Anotjher innovative service offered by The document Will be shipping times 3D56 words
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Page 33 Advertisements
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Advertisement141 1998-12-30 33 Hum FREE Reader Enquiry Service cut out and fax to: 65-*****29 ■■■H v 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: Q ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of141 words
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Page 34 Advertisements
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Advertisement1050 1998-12-30 34 SHIPPING LINE LTD 72 Anson Road, Anson House *06-01 to 03, Spore *****1 CD «0.*****(*****0 maSmmm TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Celia/Jesslca/Mei Chan/Jetlynn/Dora/H»nim 7slgs/week 2slg/week (VESSEL [~VOY \~~SM \~JAK [VESSEL |VOV SUM [PIB PANCARAN SINAR 1137 IN1,050 words
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Advertisement647 1998-12-30 34 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER Ivtssa VOYAGt IU SMGAPOtf FU COIOMO IU UUOI swmm oo#h> »/iz/w ?s/iyw 30/1 z/w sww oo4hh» 77/17/90 oi/n/99 04/01/99 SHALAMAI OOStfW 10/01/99 IS/01/99 70/01/99 SWtf OOStm 17/PI/99 72/01/99 77/Pl/W SHALAMAI 004HW 31/01/99 05/02/99 10/02/99 SWAT647 words
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Advertisement417 1998-12-30 34 m FAR EAST 03/01 KEELUNG/KAOHSIUNG 03/01 BANGKOK 03/01 MANILA/CEBU 03/01 J AKARTA/B E LAWAN/S U RAB AYA 03/01 PORT KELANG/PENANG/E MALAYSIA 02/01 BUSAN 03/01 TOKYO/YOKO/KOBE/NGO/OSA 03/01 HONG KONG SIN CHINA B#-±»*n) 03/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DAIIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EURQPE/UK 04/01 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA417 words
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Advertisement509 1998-12-30 34 Singapore Soviet Shipping CPL a *> lOOSOWOOOON Multiline Shipping PI 33 J (*t"*Y Owd S**ryl a No l»;*****000C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNO23 30/12 07/01 18/01 KOTA RATU RTUO3I 05/01 12/01 24/01 BUDIAMAN 123N 10/01 17/01 28/01 vessel voy m calcutta mm HARIBHUM 06SV 03-04/01 09/01509 words
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Page 35 Advertisements
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Advertisement920 1998-12-30 35 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I r»G IJW I SU» H>6 IHW|OM I KM HAL I NTI I 0« 1 SAV |WW I IHW I HOtCH DOM /034t 11/01 24/01 05/01 07/0) 21/0) 24/0) 04/02 07/01 04/03 W/03 < 0/03 13/03 17/03 23/03 H/03 MMUMILfIMt o*/02 22/01920 words
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Advertisement1699 1998-12-30 35 IYK«/Y9TMH STCB Ml KM HMO 1 Iff IVPSEi/VOYAOt 1 SOU 1 RTM I HAM I 184 I STOtt KOOt HAGOYA MB TOKYO POM ROTTERDAM 04WM52 31.12 1101 1101 19 01 23 01 CAMOPUS 04WA01 0741 2101 25.01 2101 3101 POMKOWLOON 02EA49 0112 0112 00.12 1112 20.12 0101 0101 09.01 07.011,699 words
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Page 36 Advertisements
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Advertisement934 1998-12-30 36 VESSEL VOY SIN MAA SIN I TIGER PEARL 671N 01-02/01 05-08/01 14-15/01 I J BAUHINIA 015 03-0401 08-11/01 15-16/01 TIGER ISLAND 672N 04 05/01 09-12/01 16-16/01 TIGER SEA 673N 07-0&01 13-16/01 21-22/01 I TIGER BAY 674N 10-11/01 16-19/01 24-25/01 I TIGER PEARL 675N 13-14/01 19-22/01 27-28/01 g IVESSE^^^^VO^^SIJ^^CA^^SIJ^I TIGER SPRING934 words
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Advertisement679 1998-12-30 36 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesinGsingnet.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) Overseos Offices Hongkong *****113 flms@asiaonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42 kunthida@fletti.co.th679 words
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Advertisement1278 1998-12-30 36 OOCL (Sinqoporej Pte Ltd CPS Keppel Distrpk 79 Amm Road #21-04 (S) *****6 Vk 513 #01-128 CR NO **********0H M: 272 7127 r=A MJJJMI3toIJI 3»« taWJTOS r^j VrM Orient Overseas Container line \W I (Malaysia) Sdn BKd 9Ug No: *****2-ui (a f r^H PETALINO JAYA W: 03-756 7776 Fu: 03-7541,278 words
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Page 37 Miscellaneous
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Miscellaneous129 1998-12-30 37 LEGEND: R Thunderstorm Temperature c A\ V Shower Weother _X Wind direction with speed in knots ee Rom V_/ Cloudy Sky Wove h#,9ht Surface winds ore indicated by arrows which Hy with the wind One Kill circle represents colm or light ond variable winds One hotf fleche represents 5 knots129 words
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