The Business Times, 6 January 1999

Total Pages: 38
1 38 The Business Times
  • 11 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, JANUARY 6, 1999
    11 words
  • 61 1 □m MBU4 (-1187) IT-SK 9K3k (-5.68) nsnsanmnEs mm 218L39 (-4.14) gumrm STOOL MABKET DOMES TMMfaqr Change KLSECOMP tKM <414 NIKKEI HANOSKNO UMLM *%IM SET INDEX 37&61 +11.83 JAKARTA COUP 4«&7« *14J9 MANILA COMP _1MU» +Kl» TAIPEI WPI >,(1143 -MOJO SEOUL OOMP MM +I0J8 CL8A CHINA B Mill U?
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  • 71 1 Fouzims ust St UBS 1.664 !<U»B»p*S) 1JK 1783 ftw 1846 UN DM 1.664 MM YEN 1IL6 L«r Ml 1896 6.438 HKI 7.747 6L215 RAHT 36J6 0.646 HJPIAH 7,826 6.031 •stmmrnmi PUKE BATES SINGAPORE* 5.91 KUALA LUMPUR 11.50 JAKARTA 28.M BANGKOK 14.76 MANILA O.M HONGKONG 10.26 TAIPEI 8.80 SYDNEY 8.46
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  • 765 1  -  Surprise gain against US$ and euro causes export anxiety Promt Anthony Rowley in Tokyo and Larry Wee in Singapore DAY Two of euro trading saw the Japanese yen muscling to centrestage in Asian trading, soaring 2.4 per cent to close at an 18-month
    Source: Bridge  -  765 words
  • 867 1  -  Budget deficit of 4£% of GDP will need 77.4 trillion rnpiah in foreign aid From! Shoeb Kagda in Jakarta PRESIDENT BJ Habibie's maiden budget yesterday placed top priority on cushioning of the poor from the ravages of the economic crisis and
    867 words
  • 511 1  -  Changes not likely to lead to inflow of foreign funds From Eddie Toh in Kuala Lumpur THE Malaysian central bank has rectified a settlement glitch between local and foreign stockbrokers but that may not result in an inflow of foreign funds into the Malaysian
    511 words
  • 1483 1  -  He leaves this month after 14 years with bank, say sources By d Catherine Ong [SINGAPORE] Prominent banker Lim Ho Kee has resigned from the ÜBS group, climaxing a sorry saga of how the merger of two Swiss banking giants
    CHRIS LOH  -  1,483 words
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    • 122 1 mama ■•My Matters H* worst may be ova*, but obstacles to a sustained recovery in the region remain, Pg4 Exprt beset China kicked off the new year by extending foreign trading rights, for the first time, to private businesses while reducing by half the number of products requiring export licences,
      122 words
    • 15 1 Habibie's test of leadership, Pg 5 Jakarta extending 300t rupiah lifeline to banks, Pg 5
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    • 81 1 Euro slips in volatile market, Pg 9 Things don't pan out according to script, Pg 10 «Just For You Hn Rng Pom Filled With Health 1 find Wealth i Celebrate this Lunar New Year with our specially-priced package of 50'5'gallon bottles of mineral or distilled water and a dispenser! (Ocean
      81 words
    • 10 1 ÜBS execs told not to sue The Economist, Pg 2
      10 words

  • SINGAPORE AT HOME & ABROAD
    • 597 2  -  Move came despite probe's finding that UK magazine's allegation of massive losses was unfounded By Catherine Ong BANKER Lim Ho Kee and his colleague James Loh were told by their bosses in Zurich "in no uncertain terms" not to sue
      597 words
    • 129 2 ONE thousand tonnes of rice and a supply of medicine will be distributed to Indonesians in East and Central Java in the third and final phase of the government's $12 million humanitarian aid to Indonesia. Singapore's Ambassador to Indonesia Edward Lee will officially
      129 words
    • 313 2  -  EYE ON THE ECONOMY GDP forecast By, Audrey Tan DBS Bank says that the government may cut workers' contributions to the Central Provident Fund (CPF) in the upcoming budget, to avoid a prolonged period of deflation. In its latest quarterly report on the Singapore economy,
      Source: URA MAS  -  313 words
    • 245 2 UNITED States electronics giant Motorola yesterday said it thinks the world chip slump has bottomed out and that it does not see the need for further layoffs in its chip division. It also said that while Motorola managed to cut 1,000, or 20
      245 words
    • 46 2 This is one rain shelter where you stili need an umbrella. For these commuters taking refugefrom a sudden downpour at this bus stop opposite Liang Court yesterday, even standing on the seats was not good enough. ARTHUR LEE
      ARTHUR LEE  -  46 words
    • 474 2  -  Exklusiv says it has invested over $30m in preparation Ven Sreenivasan VOLKSWAGEN Group Singapore Pte Ltd yesterday confirmed that Peter Kwee's Exklusiv Group has clinched the new local distributorship franchise for the marque. Exklusiv Group's wholly owned subsidiary, Car and Cars Pte Ltd, will house
      474 words
    • 416 2 The Straits Times A DAY after being charged in court with speaking in public without a permit, Singapore Democratic Party chief Chee Soon Juan went ahead to address a crowd at Raffles Place yesterday afternoon. Twice, before his talk, police
      The Straits Times  -  416 words
    • 373 2  -  Byi Corinne Kerk TAMIL Nadu in India is emerging as one trf the most-favoured destinations in the country for investors and is determined to make itself more attractive by being investor-friendly and transparent in decision making and governance, said Chief Minister M Karunanidhi.
      373 words
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  • FOCUS: MONEY MATTERS
    • 1267 4  -  While the worst of the financial crisis may be over, Russia, Brazil and Japan could still prove to be sources of instability in the year ahead MONET MATTERS Larry Wee THE IMF may well be right to declare recently that the worst of the
      Source: HypoVereInstant  -  1,267 words
    • 812 4 Many of the factors working towards an upside are transient LOOKING into 1999, we expect most regional currencies to be able to extend their rise. Indeed, we are now confident enough to suggest that the worst is over for the local currencies, and that
      812 words
    • 365 4  -  Compiled by Larry Wee ABN-Amro (ABN), Independent Economic Analysis Holdings (IDEA), and MMS International (MMS) United States Friday: Employment statistics for December mark the first working Friday of the new month, and in this case the new year. December non-farm payrolls are expected to have grown by
      365 words
  • Page 4 Advertisements
    • 314 4 The StmiteTimes Weulttv EdMon HOME WEWS AT YOUR FINGERTIPS The Straits Times Weekly Edition brings you a crisp summary of the week's major news breaks reported in The Straits Times about Singapore and Asean. Covering news from social issues, politics, business, career opportunities and others, we bring you closer to
      314 words

  • INDONESIAN BUDGET
    • 660 5  -  ASIAN VIEW His maiden budget could give Indonesia the basis for a climb to recovery next year By Yang Razali Kassim THE last time a budget was presented to Indonesia's Parliament a year ago, its presenter, then president Suharto, didn't have his feet firmly anchored in
      660 words
    • 486 5 Reuters [JAKARTA] Indonesia's beleaguered financial markets rallied yesterday after the announcement of the latest national budget, relieved that it seemed realistic on the whole. The rupiah currency, which had weakened below 8,000 to the US dollar earlier in the week, bounced
      Reuters; AFP  -  486 words
    • 591 5 Govt to take equity in ailing banks in plan costing 29% of GDP; no specifics yet Bloomberg [JAKARTA] Indonesia will inject 300 trillion rupiah (Ss64 billion) into sick banks over the next few months to rebuild a financial industry shattered by bad loans
      Bloomberg  -  591 words
    • 548 5  -  Part of 20 trillion rupiah earmarked will go to co-ops Prom Shoeb Kagda in Jakarta THE bulk of Indonesia's development spending of 83.65 trillion rupiah (5517.7 billion) set out in Jakarta's draft budget has been earmarked for the country's
      548 words
    • 156 5 AFP [JAKARTA] Indonesian President BJ Habibie yesterday devoted a large part of a budget speech to defending his government's political policies and urging people to unite to make the first postSuharto elections a success. "In a simple and firm manner, our political development in this era
      AFP  -  156 words
  • Page 5 Advertisements
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      86 words

  • ASIA'S ECONOMIC SLUMP
    • 202 6 AFP [KUALA LUMPUR] Malaysia's central bank yesterday barred banks from financing development of residential properties and shophouses where individual units cost above 250,000 Malaysian ringgit (*****,400). Banking institutions are also prohibited from financing the development of hotels, resorts, office buildings, golf courses,
      AFP  -  202 words
    • 386 6 US ratings agency cites Seoul's remarkable progress in handling crisis AFP [NEW YORK) Standard and Poor's has upgraded its outlook on South Korea from stable to positive, citing the country's "remarkable prog ress" in grappling with economic crisis. The US ratings agency also
      AFP  -  386 words
    • 295 6 He also urges regulation of global capital flows Bloomberg [MANILA] Hong Kong Monetary Authority chief executive Joseph Yam called for regulation of international capital flows and the eventual creation of an Asian currency to prevent a repeat of the regional economic crisis.
      Bloomberg  -  295 words
    • 434 6  -  Traditional leaders HE and Japan now in No 3 and No 7 slots By Lu Ning [SINGAPORE] The US and Germany, gaining an edge from the economic crisis that crippled many Asian economies, became the top foreign contractual investors in Shanghai last year,
      434 words
    • 227 6 Bloomberg [KUALA LUMPUR] Malaysia's trade surplus in November narrowed to 6.48 billion Malaysian ringgit (Ss2.B billion), from RM6.62 billion in October, as exports of palm oil and other goods fell, the state news agency Bernama reported yesterday, citing the Department of Statistics. That is
      Bloomberg  -  227 words
  • Page 6 Advertisements
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  • REGION
    • 363 8  -  Private firms get rights, export licensing eased By. Lu Ning [SINGAPORE] China kicked off the new year by extending foreign trading rights, for the first time, to private businesses while reducing by half the number of products requiring export licences. In an apparent
      363 words
    • 500 8  -  Speculation over her fate increases as 59th birthday nears From Lob Hui Yin in Hongkong EVEN as speculation intensified on the future of Anson Chan, the No 2 in the Hongkong government, her boss Tung Chee-hwa said he had not
      500 words
    • 495 8 HONGKONG HE bourse banks on proximity to China, on veils initiatives IHT AFTER an embarrassing spat with Singapore just a month ago, the Stock Exchange of Hong Kong is suddenly adopting a far more positive outlook, playing to Hongkong's natural strengths in
      IHT  -  495 words
    • 517 8 ANWAR'S TRIAL Mattress kept for 4 months before tests; defence wants to re-examine Ummi AFP [KUALA LUMPUR] Semen stains on a mattress being used in the trial of sacked Malaysian deputy premier Anwar Ibrahim could have been planted by police, a police
      AFP  -  517 words
    • 62 8 [NEW DELHI] An Indian iron and steel merchant sitting atop a pile of his ware as he waitedfor customers at a wholesale market in New Delhi yesterday. Finance Minister Yashwant Sinha said this week that he saw signs of a pickup in demandfor steel and
      REUTERS  -  62 words
    • 212 8 JAKARTA Reuters INDONESIA warned yesterday that it might send combat troops back to Aceh following fresh separatist attacks in the rebellious province, where nearly 20 people have been killed in a week of violence. "It may happen," State Secretary Akbar Tanjung said
      Reuters  -  212 words
    • 378 8 KUALA LUMPUR AFP MALAYSIA'S attorney-gen-eral said yesterday that the police were responsible for injuries sustained by ousted deputy premier Anwar Ibrahim under police custody, Bernama reported. The news agency quoted Mohtar Abdullah as saying that he found the Malaysian Royal Police "fully
      AFP  -  378 words
    • 240 8 NEW DELHI Bloomberg INDIA is allowing 100 per cent foreign ownership in road and port projects in a bid to boost investments in the infrastructure-starved nation. The country needs US$2B billion (5546.6 billion) to expand and improve its network of roads, the
      Bloomberg  -  240 words
    • NOTEBook
      • 91 8 AFX-Asia [JAKARTA] The Indonesian government reportedly opposes the recent sale by the Salim Group of a 60 per cent stake In PT Indofood Sukses Makmur to Nissin Food Products Co Ltd and First Pacific Co Ltd, Bisnis Indonesia reported yesterday. "Indofood is one of (our)
        AFX-Asia  -  91 words
      • 77 8 Reuters [BANGKOK] The manager of the Bank of Thailand's Financial Institutions Development Fund (FIDF) Nongnart Sondysuwan said yesterday she has sent her notice of resignation to the central bank's deputy governor Tanya Sirivedkin. The FIDF is responsible for rehabilitating ailing Thai financial institutions. Asked by
        Reuters  -  77 words
      • 94 8 AFP [MANILA] China has completed what appears to be military structures on Mischief Reef, a disputed formation in the South China Sea's Spratlys chain, the Philippine military chief said yesterday. "The structures have been completed," General Joselin Nazareno said in a news conference, citing reconnaissance
        AFP  -  94 words
      • 80 8 AFP [SHANGHAI] China's central bank is set to announce today the end of three months of uncertainty for foreign creditors owed more than US$2.5 billion (554.2 billion) by the collapsed Gitic, a company employee said yesterday. The Guangdong International Trust and Investment Corp (Gitic) employee
        AFP  -  80 words
      • 50 8 Reuters [MANILA] The Philippines' gross international reserves reached about US$lO.B billion (SslB billion) at the end of December, up from US$lO.6 billion at the end of November, central bank governor Gabriel Singson said yesterday. Gross international reserves reached about US$9 billion at end-1997. Reuters
        Reuters  -  50 words
    • 347 8 JAKARTA AFP Bridge News ONE of former president Suharto's foundations holds a 30 per cent stake in a chemical explosives company majori-ty-owned by his son, the Bisnis Indonesia daily reported yesterday. Edi Madnawijaya, director of the state-owned fertiliser company PT Pupuk Kujang,
      AFP; Bridge News  -  347 words

  • THE WORLD
    • 534 9  -  Europe stocks mixed; yen's gyrations influence euro as dealers unwind short positions From Nell Behrmann in London THE euro weakened against the powerful yen and the US dollar yesterday in trading conditions that continued to be quiet and cautious.
      REUTERS  -  534 words
    • 537 9 WASHINGTON A successful European economic union in interest of Washington: Clinton Reuters THE United States on Monday welcomed the launch of Europe's new currency, shrugging off fears that the euro could pose a challenge to the US dollar's status as the world's most
      Reuters  -  537 words
    • 344 9 WASHINGTON Reuters US economists on Monday scoffed at the idea of turning the International Monetary Fund into a global central bank, although some said the fund could boost its role if it changed its policies as well. The analysts said
      Reuters  -  344 words
    • 263 9 NEW YORK Fiscal reform most be top priority for govt, says Fischer Bridge News Reuters THE International Monetary Fund's deputy managing director Stanley Fischer on Monday said that implementation of fiscal reforms in Brazil should be a top priority for the government. Mr Fischer,
      Bridge News; Reuters  -  263 words
    • 434 9 WASHINGTON Economic outlook still positive, but slowing: Fed official Bloomberg MANUFACTURING in US put in its weakest month during December since the end of the last recession in 1991, as production slumped, factories eliminated jobs and weak demand hurt prices. The National
      Bloomberg  -  434 words
    • 369 9 NEW YORK Takeover preferred if there had been more time, says Fed governor Reuters UNITED States Federal Reserve governor Laurence Meyer said on Monday time constraints were the primary reason the Fed organised the llth-hour rescue of hedge fund Long Term Capital Management
      Reuters  -  369 words
    • 266 9 LONDON Reuters LONDON brokers for George Soros' stable of hedge funds said yesterday the international financier had reversed the October decision to close his Quantum Emerging Growth Fund. Edgar Astaire of Edgar Astaire and Company, a major dealer in shares in Soros funds, told
      Reuters  -  266 words
  • Page 9 Advertisements
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  • EDITORIAL & OPINION
    • 691 10  -  THE BOTTOMLZNE OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent A GREAT battle is raging in Indonesia and it is not the one between the students and security forces that has been broadcast to the world these past six months. There is
      691 words
    • 158 10 It's like a war. You have soldiers winning battle by battle or losing battle by battle. But if these fighting soldiers have already occupied territory, you need another unit to secure the territory you have taken. This is not happening.' Andreas Harsano an Indonesian journalist, speaking of
      158 words
    • 601 10 EDITORIAL THE fall of Israel's coalition government and the decision by its Parliament to hold new elections in April have broad implications for peace with the Palestinians and for regional stability. The peace process involving Israel and the Palestinian Authority, in which the United States
      601 words
    • 1381 10  -  Enro could provoke unexpected and fundamental changes in the international monetary system By. Anthony Rowley The writer is BT's Tokyo correspondent THE birth of the euro was always going to cause some initial turbulence in foreign-ex-change markets. But the first few days
      FILE PHOTO  -  1,381 words
    • 846 10 Will Hillary ran for Senate? HILLARY Rodham Clinton's spokesmen say she has not thought of running for the Senate in 2000. But Robert Torricelli, who heads the Democratic Senatorial Campaign Committee, floated what looked like a trial balloon over the weekend. Mr Torricelli says he had
      846 words

  • EXECUTIVE LIFESTYLE
    • 956 11  -  FASHION Designers are in a party mood, spinning trimmings, colours into the coutnre mix Suzy Menkes IHT [PARIS] Like a dedicated par-ty-goer laying down champagne for future celebrations, fashion already seems to be in pre-millennium mode. There is a mood of lighthearted optimism in clothes both
      IHT; FILE PHOTO  -  956 words
    • 956 12  -  High-tech fantasy's moving closer to reality, says johm Griffiths JOHN GRIFFITHS FT WE are entering the last year of the first full century of the car almost as mystified about the future of private transport as our forebears were when they clunked around in the
      FT; FILE PHOTO  -  956 words
    • 646 12  -  TRENDS Anchoring? Down Aging? A label tells yon you're not alone By' Vicki Marsh Kabat NYT [WACO, Texas] What would a new year be without catchy new phrases to describe those of us entering it? We're all familiar with "Baby Boomers" and
      NYT  -  646 words
    • 39 12 [OR YEHUDA, Israel] Israeli models show the "Jewels of the Nile line from the 1999 beach wear collection of Israeli fashion house Gottex on Monday in Or Yehuda. Gottex is sold in more than 100 countries. AFP
      AFP  -  39 words
    • 628 12  -  PURSUITS People are moving away from pursuing success to have more time for living By\ Richard B Anderson LAT-WP IN the aftermath of the holidays, it's hard to believe that many Americans hunger for a life less tainted by materialism. Yet many
      LAT-WP  -  628 words
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  • Page 11 Miscellaneous
    • 1131 11 CRYPTIC crossword Easily not 11 Spirit conjured up by other I j 13 Taken aback, finding acid in pHh 15 Made a mistake that's irrecov- Lhi hJ erable fIH 16 Draws back from study (4) 17 Ron, for example, may be be- help HHHb flfl 18 Outstanding poem we hear
      1,131 words

  • Page 12 Advertisements
    • 3 12 Strait Talk SHIPPINGTIMES
      3 words
    • 48 12 The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are (4 x tempted to seek greener pastures. Advertise in the Properties section I(Classifications 402 to 568). Call CA.TS. at 1800-737-1166.
      48 words
  • Page 12 Miscellaneous
    • 198 12 THE WEATHER Singapore: Cloudy Temperature (23/27 C) AaU-Pacdlo WHt* Good. Jrrunlrm **20 Cloudy Storkhokn -1/3 Rub Auckland Utt® (Var Jfcwt 1440 (lourtv Vienna *6 (lowly Bangkok 2142 Fair Zunrti 2/7 Cloudy BrfnK -4/6 Kar Earope Va/BP Good. Bombay 21/32 Hazy Amsterdam Kl 8 Ran Hwlra WHl* Oml Bnsbane 22/29 Cloudy
      198 words

  • COMPANIES & MARKETS
    • 522 13  -  Firm will focus on workshop, car rental; Midlands is new distributor By. Annette Pau [SINGAPORE) Intraco Ltd will stop selling Rover cars by end-April, after holding the franchise for almost a decade. Instead, it will focus on expanding its workshop services and
      522 words
    • 435 13  -  $34m extraordinary gain from sale to NTUC Fair Price By I Carol Eng [SINGAPORE] As part of efforts to divest its non-core assets, DBS Land has sold part of Thomson Plaza to NTUC Fair Price, making an extraordinary gain of $34.3 million. Two
      CHRIS LOH  -  435 words
    • 665 13  -  HOCK LOCK SIEW Wong Wei Kong BOND issuance in Singapore is still in its infancy but there are already signs that a debt market, Singapore-style, is begining to evolve. When national shipping line Neptune Orient Lines (NOL) announced that it was selling its
      665 words
    • 423 13  -  Both companies deny the rumour; analysts also say it's unlikely liy Rahita Elias [SINGAPORE] CK Tang shot up on the stock market yesterday on talk of a takeover by City Developments, which promptly dismissed the rumour. A CDL spokesman told
      423 words
    • 114 13 Bridge News (SINGAPORE] The Monetary Authority of Singapore yesterday declined to comment on talk that it is meeting brokerages to discuss issues related to the merging of foreign and locally held share tranches. The government had placed a 40 per cent cap on
      Bridge News  -  114 words
    • 232 13 [SINGAPORE] Chinese ceramic tile and bathroom Fixtures maker Eagle Brand Holdings has received inprinciple approval for a listing on the Stock Exchange of Singapore, making it the first mainboard listing this year. The company is run and 45 per cent owned by the
      232 words
    • COMPANIES
      • 309 14  -  Ky David Boey [SINGAPORE) Shares of local telephone monopoly Singapore Telecom closed at a sixmonth low of $2.42 in heavy volume yesterday as investors reacted negatively to recent announcements on the telecommunications front. The counter tumbled right from the opening bell
        Source: Bloomberg  -  309 words
      • 356 14  -  But SES Electronics Index sags on profit-taking after Monday's run-np Hih Jennifer Lien [SINGAPORE] Electronic Resources Ltd's share price jumped 45 cents or 30 per cent yesterday following US distribution giant Ingram Micro's $1.95-a-share general offer for the company. The shares, which
        Source: Bloomberg  -  356 words
      • 431 14  -  Parent MBf Capital needs to raise SMlb to avert any action From, Eddie Toh in Kuala Lumpur THE Malaysian central bank may hive off parts of troubled MBf Finance if its parent company cannot cough up more than one billion
        431 words
      • 217 14 Bloomberg [SINGAPORE] Singapore Airlines Ltd said yesterday that its operating efficiency held steady in November for a second straight month after 12 months of declines, although analysts said it may be too early to cheer. The national carrier's overall load factor a
        Bloomberg  -  217 words
      • 194 14  -  Hit David Boey [SINGAPORE) Singapore Technologies Engineering yesterday announced its subsidiary's involvement in an F-5 aircraft upgrade programme for the Brazilian air force. The five-year programme has an estimated value of between US$2OO million (***** million) and US$25O million, depending on
        FILE PHOTO  -  194 words
      • 267 14 Bloomberg [SINGAPORE] Neptune Orient Lines (NOL), the world's fifth-largest shipping company, said the recently announced sale of its headquarters would have lowered its first-half loss last year by 14.33 cents a share if it had taken place then. It did not say
        Bloomberg  -  267 words
      • 286 14  -  Move comes eight years after youngest son's resignation Fron Eddie Toh in Kuala Lumpur ANOTHER son of Lim Goh Tong reputed to be the richest man in Malaysia and operator of the sole casino in the country has quit the group. Eldest son Tee
        286 words
      • COMPANY Briefs
        • 77 14 Reuters (BANGKOK) Thailand's Thai Danu Bank said yesterday that Singapore's DBS Bank would play a bigger role in its new management team. DBS now holds 50.3 per cent of Thai Danu. It sent two directors to join the Thai bank's management team
          Reuters  -  77 words
        • 43 14 [SINGAPORE] Vickers Ballas has appointed Stephen Lee Ching Yen as non-executive director. A Nominated Member of Parliament from 1994 to 1996, the 51-year-old is chairman of the Trade Development Board and president of the Singapore National Employers Federation.
          43 words
        • 26 14 [SINGAPORE] Electronics distributor Serial Systems has obtained approval from the Stock Exchange of Singapore to repurchase its own shares.
          26 words
        • 34 14 [SINGAPORE] Flextech Holdings told the stock exchange it was not aware of any reason for the sharp increase in the share price and turnover of its shares yesterday.
          34 words
        • 42 14 [SINGAPORE] Freight Links Express Holdings said DBS Finance has sold 200,000 shares at 17 cents each belonging to substantial shareholder David Lim Teck Hiang. That takes his stake to 55.36 per cent or 271.4 million shares.
          42 words
        • 43 14 Bernama [MANILA] A listed unit of Malaysia's Mulpha Internationa] Bhd in Manila has aborted its plan to acquire the five-star Westin Philippine Plaza Hotel. Mabuhay Holdings Corp cited the peso's depreciation and changes in economic conditions. Bernama
          Bernama  -  43 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 522 15 Bnt both German and Japanese anto firms deny being in takeover talks Reuters AFP [DETROIT] Ford Motor Co is expected to announce this week it is in the process of buying Bayerisch Motoren Werke AG (BMW) of Germany and Honda Motors
        Reuters; AFP  -  522 words
      • 408 15 News fuels talk of tie-up for Fort Bonifacio devt Bloomberg [MANILA) Metro Pacific Corp and Ayala Land Inc said yesterday that their chairmen recently held talks, fuelling speculation that the Philippines' two biggest developers may team up to complete Manila's largest real estate project. The
        Bloomberg  -  408 words
      • 321 15 Bloomberg [NEW YORK] Several of Wall Street's top strategists gathered at the New York Stock Exchange on the first trading day of the year were bullish on 1999. Donaldson Lufkin Jenrette Inc's Thomas Galvin said the Dow Jones Industrial Average, which on Monday
        Bloomberg; AFP  -  321 words
      • 313 15 [BENTONVILLE, Arkansas] Wal-Mart Stores Inc said on Monday it had filed a second suit against Amazon.com Inc this time in the online retailer's home state of Washington after an Arkansas judge ruled that court did not have jurisdiction to try all the defendants. The
        313 words
      • 379 15 Firm fails to sell as many software licences as expected Bloomberg [NAPERVILLE, Illinois] Spyglass Inc, a maker of Internet software for cellular phones and other devices, warned on Monday that it will have a fiscal first-quarter loss because it did not book
        Bloomberg  -  379 words
      • 412 15 It also nnveils faster Celeron chips for low-cost PC market LAT-WP [SAN FRANCISCO] After taking a beating last year in the low-cost personal computer market, Intel Corp on Monday announced faster Celeron processors and price cuts as the first steps
        LAT-WP  -  412 words
      • 305 15 Bloomberg [TOKYO] Toshiba Corp, Japan's largest maker of notebook computers, expects rising corporate and consumer demand to boost personal computer (PC) shipments 8 per cent or more in the year through March 2000, extending gains of 7 per cent in the year ending March
        Bloomberg  -  305 words
    • COMPANIES / FINANCE & COMMODITIES
      • 424 16  -  The 300 m issue raises HKsBom; strong demand as investors see euro gaining on US$ bYoni Quak Hiang Whai in Hongkong A DAY after the euro made its debut worldwide, a warrant issue on the euro/US dollar exchange rate has come into the Hongkong market.
        424 words
      • 562 16 Feud expected to continue in boardroom as AMP has only 57% stake Bloomberg [SYDNEY] AMP Ltd, Australia's biggest fund manager and life insurer, snared nearly 60 per cent of general insurer GIO Australia Holdings Ltd and said it's no longer offering to buy
        Bloomberg  -  562 words
      • 171 16 [SINGAPORE] The Deutsche Bank group yesterday announced the opening of the Singapore branch of Deutsche Securities Asia Ltd (DSAL), its equities subsidiary in Asia. Set up under the global equities division's strategy to focus on institutional business in Asia, DSAL employs 15
        171 words
      • 197 16 Bloomberg [NEW YORK] Salomon Smith Barney Inc's 10,600 brokers will start offering their clients Citibank mortgages and loans in the next four months, as the new Citigroup begins cross-selling services between units. The securities firm said customers will be able to refinance a
        Bloomberg  -  197 words
      • 72 16 [LONDON] John Browne (left) and Larry Fuller changing the name plate on Monday at the London headquarters of BP Amoco pic, the new company created from the merger of British Petroleum and Amoco. The new company began trading on the London stock exchange with a market
        RKUTERS  -  72 words
      • 574 16 Bat industry will have to change as traditional business no longer profitable Reuters [LONDON] International insurance brokers played out the end-game of consolidation in their sector last year, and now US giants Marsh McLennan and Aon are set to fight it out for
        Reuters  -  574 words
      • 463 16 Loans rise 21%, boosting earnings to record USs23Bm Bloomberg [WILMINGTON, Delawarel MBNA Corp, the largest publicly traded US credit card company, said fourth-quarter net income rose 27 per cent to a record as it added new customers through marketing agreements with colleges,
        Bloomberg  -  463 words
      • 280 16 [SINGAPORE] In what is expected to be a busy year for the unit trust industry here, Hongkongßank has kicked off with the launch of two unit trusts which invest in global equities and bonds. The two are the HSBC Global Growth
        280 words
      • 211 16 [SINGAPORE! The Singapore International Monetary Exchange has won the Derivatives Exchange of the Year award for its performance last year. Simex is the only exchange to clinch this award four times. The previous occasions were in 1989,1992 and 1993. It is also
        FILE PHOTO  -  211 words
      • 544 16 Debut eclipsed by euro; better response seen when other exchanges join Reuters [LONDON] The new London Stock Exchange and Deutsche Boerse alliance, launched with great fanfare last summer as the first step towards a pan-European stock market, got off to a muted
        Reuters  -  544 words
    • FINANCE & COMMODITIES
      • 176 17  -  STMBX Reports M9CI Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Free Index Futures made their high for the day on the opening yesterday at 214.20 in the January contract. The market made most of its losses in the first hour but hit its
        176 words
      • 200 17  -  MSCI Taiwan fatores Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures tumbled on the first trading day in 1999 amid pessimism that corporate earnings to be released this month may faU short of expectations. The cash Taiex fell to a two-year
        200 words
      • 380 17 ENERGY REPORT Reuters [LONDON] Colder weather in key US demand centres continued to be the sole provider of support to global oil prices otherwise depressed by chronic oversupply. Benchmark Brent blend crude on the London futures market was one cent higher at 1405
        Reuters  -  380 words
      • 328 17 AFX Asia Bloomberg London THE US dollar was off its lows against the yen in midday trade amid light profit-taking after primary options-related unwinding of positions was triggered just above the 110.50 level, dealers said. Nonetheless, they said there is scope for the dollar to resume its downward
        AFX Asia; Bloomberg  -  328 words
      • Article, Illustration
        1222 17 OTERBAMK CROSS RATES jA$ C$ Unb EURO Ffr Da HK$ tad Rs Rupiah Vm Won RM MZ$ Pafc Rs Peso S$ Rand Sfr MT$ j Australia 0.952 4.171 0 528 3.462 L032 4.032 26.537 40.808 0.696 7264 2J70 1161 31.817 23.678 L038 3.646 0.852 20.079 22.483 <U77 0.6JI Canada 1.050
        1,222 words
      • 1886 17 SICOM FUTURES Jan 5 RUB8ER (fntw*s ctosinq ts at S.30pn) RSS1 CONTRACTU outs/kg) dose Votoaw Open Worth Mqji Low Sott (tones) Interest Feb99 105.75 HT5 Nar 99 108.25 1275 Apr 99 110.25 750 May 99 112.75 750 Jim 99 114.25 750 J<H/Sep 99 117.25 300 RSS 3 CONTRACT (UScwts/kq) VoHme
        1,886 words
    • Article, Illustration
      1411 18 AFP Q Hang Seng +81.89 HONGKONG share prices rose 0.8 per cent in cautious trade yesterday for the first gain of the New Year despite a lack of fresh leads that held back most investors, dealers said. "There was some buying here and there after the unexpected losses" on
      AFP  -  1,411 words
    • Article, Illustration
      549 18 AFP n Shenzhen B Index -0.50 SHENZHEN S hard currency B shares ended ofT in slow trade yesterday under selling pressure from domestic retail investors, analysts said. The B Share Index lost 0.50 point, or 0.94 per cent, to 52.41 on turnover of HK$2.7 million, compared with HK$2.3 million
      AFP; Source: Credit Lyonnais Securities (Asia) Ltd  -  549 words
    • 395 18 AFP Qwp Index -266 TAIWAN share prices closed 4.1 per cent lower yesterday, the first trading session of 1999, on strong selling pressure sparked by margin calls, analysts said. The TSE Weighted Price Index plunged 266 points to 6,152.43, lower than the 6,300point level which the government had vowed
      AFP  -  395 words
    • 2354 18 LONDON Industrials Ja#S Pence 31 Croup I. 580.000 8.500 AB Ports 288.500 5.500 Abbey National 1268.000 14.000 Allied Oomecq 555.000 -10.500 Allied 2urich 96.250 1.900 tm« 178.500 0.500 Ajda Group 158.000 -5.250 BAT Ind 509.000 -4.000 BC Pic 372.000 3.000 BKX 71.500 unch BOC Group 849.500 7.500
      2,354 words
    • 1626 18 AFP Q Nikkei 225 -183J5 JAPANESE stocks closed 1.4 per cent lower yesterday with blue-chip exporters under pressure from the dollar's slide against the yen, brokers said. "The yen's rally triggered the sharp fall of share prices," a broker said. "So far, we have not seen any sign that
      AFP  -  1,626 words
    • KUALA LUMPUR STOCK MARKET
      • 8755 19 INDUSTRIALS Consumer products '»«8 Last Vol Day Net Cap High Low Compmy Sate 'OOP Hlgfc Loo Pft tm* 320 170 Ajtnomoto 280 unch IS 4 113 5 148 35 Angkasa 78 2 77 78 76 l".8 n5.0 310 123 Apollo Food Mlfl 283 9 8 113 2 388 108 Beoaya
        8,755 words
      • 423 19 AFP Q Composite Index +&24 MALAYSIAN shares ended up 1.1 percent yesterday, boosted by news that foreigners can repatriate profits from contra trades and a higher trade surplus in November, dealers said. The KLSE Composite Index rose 6.24 points to end at 567.89 points,
        AFP  -  423 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2002 20 ■ONOS, LOANS ft VAMAMTS **9A > Last Vol Day Last Quota Am HK»n LOW Stno Company Saia *ar- COOO) HlqH Law Buyar Satar Price 20.5 3 3160 "Acer *010/31USS 15 ♦IS 1309 16 13.5 14.5 15 95 4.5 3164 Aetna ******4 21.5 *4.5 7577 24 17 21 21.5 17 3161
        2,002 words
      • 168 20  -  WARRANT WATCH -By R Sivanithy THE Teledata stock and warrant have not been in play at all during the recent rally, so perhaps a review of the numbers is called for. Unfortunately, other than being cheap and having time on its side, it's hard to justify
        168 words
      • 231 20 H0N6K0N6 STOCKS Cr Cr 1996 Last VaI On Last Ouott Dtv Dtv YU Mat M Cap High Laai Strvo Company Sat* COOO) High Law Buyer Mar Cw P/I Sm* 400 250 SI23 COL(2000)MK 400 400 8 2.4 2 20.5 7744.7 5124 Cathay Pac 20c MK—720 265 2.1 7.4
        231 words
      • Article, Illustration
        689 20 AFP IJj Composite Index +14.69 INDONESIAN shares rose 3.6 per cent yesterday, paced by the financial and agricultural sectors, dealers said. A dealer said the new budget reflected a long overdue shift in emphasis back to agriculture. "The budget is moving away from tollroads and that sort of thing
        AFP  -  689 words
      • Article, Illustration
        746 20 AFP SET Index *2183 THAI share prices soared 6.1 per cent yesterday on buying by foreign funds amid a lack of negative factors to curb buoyant New Year sentiment, analysts said. The SET Composite Index rose 21.83 points to 378.51. Advances led declines 191 to 47, with 42 stocks
        AFP  -  746 words
      • 298 20 AFP n Manila M Manila +26J5 PHILIPPINE share prices rose 1.3 per cent yesterday due largely to the strengthening of Asian currencies including the Philippine peso. The Philippine Stock Exchange Index rose 26.15 points to 2,006.85. Turnover fell to 612.86 million shares worth worth 1.42 billion pesos compared to
        AFP  -  298 words
      • 412 20 AFP n Composite Index *1(198 SOUTH Korean share prices closed 1.9 per cent higher yesterday, boosted by Standard and Poor's upgrade of the country's sovereign rating outlook to positive from stable. The Composite Index closed up 10.98 points to 598.55, off a high 0f599.90. Volume was 252 million shares
        AFP  -  412 words
      • 586 20 AFP PAA Ordinaries -17 SHARE prices ended 0.6 per cent lower yesterday after forfeiting early gains, brokers said. The All Ordinaries Index lost 17 points to close at 2,815.6. The All Industrials Index shed 16.3 points to 5,084.5 and the All Resources Index dropped 21.1 points to 953.3 points.
        AFP  -  586 words
      • 249 20 AFP Q Wellington *4M6 NEW ZEALAND shares climbed 2.4 per cent yesterday on the first trading day of 1999, reassured by what one analyst described as "reasonable" overseas markets and lower interest rates. The NZSE-40 Index was up 49.98 points to 2,115.26 on turnover of NZ579.3 million. Jmt KS
        AFP  -  249 words
    • 6715 21 Transaction date: JanS^j Cr Cf M Wt J J"*, L*»t Vol Day Lest Quote Dlv Dl« YM NX Cap Av« High Low StHo Company Sato rOOO) Nm> L—r Buyar S—«f CV P/I MMci MULTMNOUSTRY 142 17.5 mt >000 AcmaSOc 76 *15 4172 82.5 73.5
      6,715 words
    • 1340 21 Cr Or M Wt 1998 Last V* Day Last Ouota ON Mv YM Mat Cap Avg Htfh Law StNo Company Sal* COOO) KHfti Law Bu y »r Saltar Cvr P/E $mk Prlca MANUFACTURING 243 30 a 2049 *ASAuto10c 101 -4 2952 108 90 S K)0 101 15 N 7
      1,340 words
    • STOCK EXCHANGE OF SINGAPORE
      • 395 22 Stacks Volume CK Tang 20c 13.895.000 E Res WtOI 13.675,000 SingTel 15c 12,623.000 E ResrceslOc 9,693,000 Flextech Wt02 7,586,000 AcmaWtOI 7.577,000 Brilliant 8c 7,536,000 Van (tor Horst 7,535,000 Omni Ind 10c 6,271,000 KepHitachi Z 20c 4,777.000 Stocks SingTel 15c 30,658,190 City Dev 50c 25,608.931 E ResrceslOc 18,956,440 E Res WtOI
        395 words
      • 686 22  -  STI dips on lack of serious institutional support and lukewarm Wall Street and Tokyo trading STOCK MARKET COMMENTARY By R Sivanithy ROTATIONAL play among small caps, a re-rating of electronic stocks, particularly those from Sesdaq, and takeover stories livened up trading in the
        686 words
      • ON THE GRAPEVINE
        • 116 22 HERE'S a thought from Michael Santoli, writing in a recent issue of the US financial magazine Barron's, on why technical indicators may be useless in the current market. "These indicators became indicators because they have proved prescient in retrospect. So a VIX (Volatility Index by the Chicago
          116 words
        • 93 22 MAINBOARD-listed contract manufacturer JIT Holdings finished as the 88th largest company on the Singapore bourse in 1998, with a market capitalisation of $273.1 million. For chairman Tommie Goh, who has the numbers 3 and 8 repeated on his phone numbers and car licence plates, this
          93 words
        • 129 22 TALK in the Hongkong stockmarket is that at least one-fifth of the listed companies there are looking for investors to put in new capital. If they cannot find a sugar daddy, they may encounter cashflow problems. So far Hongkong banks have been taking it easy on bad
          129 words
        • 61 22 SPEAKING of bankruptcy in Hongkong, there are growing complaints against underwriters mostly banks and merchant banks who participated in IPOs in the last 12 months. Apparently a lot of bad debts and non-performing loans have been chalked up by these newly-minted listed companies. There are suggestions
          61 words
        • 53 22 THE job market in Hongkong is looking very bad for graduates. A graduate said he sent more than 50 applications, and received responses from just four or five. There was no follow-up after that This graduate is asking for "only" HK$lO,OOO a month, slightly
          53 words
      • Article, Illustration
        64 22  -  -By Ven Sreenivasan CK Tang leaped 12 cents or 48 per cent to 37 cents on speculation of a takeover. Yesterday's volume of 13.9 million shares stood in stark contrast to the 10-day average turnover of just 260,000 shares. But other than the takeover talk, there are little
        64 words
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    • 245 13 &Ly§rand PriceMteriwuse H Securitisation in Singapore Seminar 9am 5.30pm Wednesday, 27 January 1999 Grand Hyatt Singapore 10-12 Scotts Road Singapore *****1 Securitisation looks set to take off in the Asia Pacific. The current economic climate has made securitisation a viable way to raise capital and improve liquidity for companies. What
      245 words

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    • 29 14 1» J E i L k V H§ 1 |r -\OO- f --i- 'ii pj^fcg| .->' *Vfr> m v > 4ia&L'-* ry?.< ']Jl *rf* 4 *~>.* > TheßusinessTimes SING A I» K K
      29 words

  • Page 15 Advertisements
    • 109 15 fgj Come to our CFA Presentation and CFA Presentation |j| find out about both the Chartered Evening H 3 Financial Analyst (CFA) qualification ate :Sa turday 16January 1999 I and the CFA courses offered by the rime 2:00 p.m. to 4KK) p.m. H 5= Financial Training Company (FTC). Venue: Holiday
      109 words





  • Page 20 Advertisements
    • 17 20 J sipi f*~r' Thursdays China Watch I »<''"j&yij?2s3c£SiS£»ji 4ew*/i t_V y n f sssSSSfiSsE?** *"*gs?S33Cs^w§<<^"' TheßusinessTimes ll«A»«ll
      17 words

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    • 70 21 f calling about\ /See...l tokT\ /The card we're\ I the computer I you this was a J N. making for Susan I 1 advertised in J > s i c^f s N^^B o °cl deal.y' Yup, we got what V is going to be J Straits Times/ \I we wanted
      70 words

  • Page 22 Advertisements
    • 894 22 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 In ihe Mailer of The Companies Act. Cap. 50 And In the Mauer of COORDINATED STRATEGIES INTERNATIONAL PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Coordinated Strategies International Pte Ltd, duly convened and held at 190 Middle Road
      894 words
    • 657 22 CSC Computer Sciences International Inc. (Incorporated in the United States of America) CONDITIONAL CASH OFFER FOR CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) CONDITIONAL CASH OFFER (THE "OFFER") BY MERRILL LYNCH (SINGAPORE) PTE. LTD., FOR AND ON BEHALF OF CSC COMPUTER SCIENCES INTERNATIONAL INC. (THE "OFFEROR"), TO ACQUIRE
      657 words
    • 99 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KIAINTERTRADE OF ASIA PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be held
      99 words
    • 158 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF FEE ELECTRONICS SINGAPORE PTE LTD (In MemberV Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the ahovenamed company, which is being wound up voluntarily are required on or before 6 February 1999 to send
      158 words
    • 653 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JOY VEF. (SINGAPORE) PTE LTD (MEMBERS' VOLUNTARY IJQUIDATION) Al an Extraordinary General Meeting of the member* of the atmvenamed Company duly convened and held al 159-361 Queen's Road Central 2Q/F Room 2003 Nan Dao Commercial Building
      653 words
    • 698 22 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 50) PURSUANT TO SECTION 2»(1 Kb) At a General Meeting of MIESCOR SINGAPORE PTE LTD duty convened and held at sth Floor. Renaissance 1000 Tower Meralco Avenue. Ortigas Centre. Pasig City Metro Manila. Phrtppmes on 20 December 1998 the following resolutions set
      698 words
    • 14 22 The Straits Times CLASSIFIED Where buyers and sellers meet Sell your old clothes. CATS.
      14 words

  • SHIPPING TIMES
    • 315 23 Bridge News Reuters FEW changes to most areas of the market following the holiday period with rates talked and little fresh business fixed, brokers said. The first day of a New Year is not the best of times to form a long-term strategic plan, Clarkson Securities Ltd said
      Bridge News; Reuters  -  315 words
    • 287 23 SCS '000 j»s s$ *h m CWT Distribution 0.51 *0.005 22 Chuan Hup 0.54 -0.0O5 109 Cosco Investment 0.485 *0.005 9 Freiqht Links 0.18 *0.005 3156 G8 HoMkigs 0.40 *0.01 17 Hat Sun Hup 0.435 unch 98 Hitachi Zos*n 0.79 IMC HoMlnqs HK 5.60 Jay* HokMnqs 0.51 Juronq
      287 words
    • 607 23  -  Nippon Foundation has helped to promote safety in Straits of Malacca for last 30 years By\ Marcus Hand [SINGAPORE] The Nippon Foundation, a Japanese charity heavily involved in marine safety, is funding the installation of a further 10 lighthouses and navigational aids in
      607 words
    • 849 23  -  STRAIT TALK By Seafarer ONE of the principal aims of those involved in pushing for the adoption of the International Safety Management (ISM) Code was to ensure ship operators took responsibility for what happened on board their vessels. This intention
      849 words
    • 313 23  -  By] Felix Chan [SINGAPORE] The Port of Antwerp registered a record throughput of close to 120 million tons last year, a jump of about 8 per cent over the previous year. Container traffic rose 2.5 million tons or 7 per cent
      313 words
    • 284 23 [SlNGAPOßE] Italian shipping line Lloyd Triestino is withdrawing from the conferences representing carriers in the Europe/Australasia trades. The line now owned by Evergreen tendered its resignation from both the Europe to Australia and New Zealand Conference, and the Australia/New Zealand to Europe Liner Association,
      284 words
    • 182 23 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) has issued a public towage licence to Maju Maritime as part of its tug service liberalisation programme initiated in 1997. Under Phase 2 of the scheme, the licence, which is valid for a period of
      182 words
    • 362 24 PAGE Express T L >4 ANL 3 FoongSun 8 tt Accord 8 frot 12 Ahrenkiel 12 W Links M Appenship 5 c L** 4 AsiaOCL 6 Gemartrans 8 Austral 8 Genshgp 12 Avant 14 Glory Nav 14 B'tang Mas 8 HaiSunHup 8 BSA 7 Hanqli 7 BTL
      362 words
    • 18421 31 thebusinesstimes EXPORT ETA ETA Advertiser V* ssel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest n Name Nam* Number Number SIN Dest'n Name Nam* Number Number IT/OI 23/01 UASC HEIMAR J OOON 65 *****17 To ABIDJAN (ABJ) 2003 Cote 0'I voir* »/01 25/01 oramship asian link
      18,421 words
    • SHIPS IN PORT
      • 668 37 i Voy Mo Berth Arrival Departure Mlu Tarunaq tUSB J17 alongside 06 01/0700 JAN2 JOI alongside 05 01/2359 Bt Cmta Mur JAN5 JOI alongside 05 01/2359 w LmI 1 JAK2 JOI alongside 05.01/2359 *****9 J01 alongside 06.01/0400 J) *****9 J01 alongside 06.01/0600 Bt Suriati 4 *****9 JOI alongside
        668 words
      • 1745 37 RECEIVING OF export ret CONTAINERS AND LCI CARGO Chi Booking/Batince Rstls Shl P Voy Kc Etb/Btr Period From To From U too" 07/0100 U 05/1500 05/1459 05/1900 JSCUS OVUM 05/1900 0W0*5* 04/0900 21 05/1700 04/0*59 04/0900 3 04/0700 04/1159 04/1*00 Apt Aimjnan 306» 07/1400 I* 05/1500 05/1459 05/1900
        1,745 words
      • 219 37 Jan 6 Austria: Epiphany. Finland: Epiphany. Greece: Epiphany. I tally: Epiphany. Spain: Epiphany. Ju IS Japan: Adults Day. Jan 18 Brunei: Anniversary of Revelations of Koran. United States: MArtin Luther King Jnr Day. Jan 19 Brunei: Hari Raya Puasa. Indonesia: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Singapore:
        219 words
      • 737 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        737 words
      • 384 37 Art AM**- NoafeoME2S m o° 'V 0 7 *MAl 3M Av. 988 6 OJ M.4 0.07 27 0.02 W* »»/v SM/x mt £SZ ck "1/ 6 47 0 06 ISO/Chmc LimitsSpec E*****To 150 OW 80* 01? 2 0 0 Sptc C35 >91 I.Q Mjo 0.15 80*
        384 words
    • AIR & LAND TRANSPORT NEWS
      • 321 38 Aircraft likely to be modified versions of the 767 wide-body jet: report Bloomberg [TOKYO] Japan's Defence Agency will buy four military tanker aircraft from Boeing Co of the US for 80 billion yen (551.16 billion), the Nihon Keizai newspaper said,
        Bloomberg  -  321 words
      • 57 38 [ROMULUS] A Northwest Airlines aircraft lands at Detroit Metro Airport, in Romulus, Michigan as airport snow removal equipment continues to clear snow from the runway following a weekend blizzard that paralysed the Midwest. Northwest Airlines was hard hit at its Detroit hub forcing it
        REUTERS  -  57 words
      • 469 38 Bloomberg [SEOUL] Daewoo Motor Co, South Korea's second-biggest car maker, said it sold a total of 893,295 vehicles in 1998, taking over Hyundai Motor Co's No 1 position for the first time ever. By comparison, Hyundai Motor sold a
        Bloomberg  -  469 words
      • 411 38 US carrier's int'l alliances considered weak compared with its competitors NYT [ATLANTA] Delta Air Lines is expected to announce today what it calls "a major expansion" of international service from Hartsfield International Airport and New York's Kennedy Airport. The Atlanta-based carrier handles
        NYT  -  411 words
      • 604 38 Flight disruptions part of wider pollution problem FT [NEW DELHI] Flights at New Delhi's Indira Gandhi International Airport have been disrupted since mid-Decem-ber by a thick, white fog that has enveloped the capital. With visibility severely reduced by the combination of moisture and pollution,
        FT; FILE PHOTO  -  604 words
      • 1927 38 an FUCHT CT* FU6WT ETO N24S86 1650 LH787 2359 M*M* AN8230 1920 S***** 1650 K***** 2359 LH6381 1920 *****6 2359 ***** 1920 Fiwta S09W ITS S0990 0130 Amsttrdam KLS43 0540 $024 2320 ftwtf—WC C2351 2035 W4327 0800 K1838 2335 Hanoi VN741 1310 VK742 0905 S0327 0800
        1,927 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 1371 24 Lighting the way key Malacca Strait Council funded navigational aids Lighthouse J 1-4 r Gl5 Port Klang Llflhtbeacon o 5-21 A «o8» 0 5 21 One Fathom Bank OT9 Gabang MALAYSIA llutl Dickson Light buoy 19 v 22 30 MM 1 ~V 25 .^Malacca v\ Tg Medang o IVy Rlipat
      1,371 words
    • 504 24 1 WHAT'S NEW! [1 Keep on this spot for new services/clients. EXPORT 3 x HBAIOTPHOMSHB 07BS1 07.01 I2JI- *aucr oia omi om _omj iioi inn im mi imi imi jfIUHSB on &&i sui iul jml imi m\ aai z»i zmi mi —BUB— on»» JMi im JGLMUk m IMI IMI _ML
      504 words
    • 170 24 L r zlr^Z r ZT e 48fet #I**^*^ 2®31 by Members of the Registry of MdJi Singapore Freight Forwarders Accredited Shipping Agents uUv Association yn'V Sngapore Shipping Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE Princess IJK V 1199 14.11/99 15/11-99 M/M/N Princess UK V 0299
      170 words

  • Page 25 Advertisements
    • 1157 25 TO EUROPE FROM EUROPE vessel vor sw rtri anr ham orv sou kt uh [vessel vot rw aur ham wrv sou fit uh sin 1 Aft AIMANOME 306W 07/01 30/01 27/01 20/0125/01 NOLAMAZOMTI 019 C 19/12 14/12 17/1214/12 07/01 MAAS 527W 00/01 24/01 24/01 N/01 30/01 HY GENERAL 31SE 17/12
      1,157 words
    • 2553 25 I HANJIN SHIPPING HANJIN SHIPPING (S) PTIITD Imp //wm Im,* im lOOKIHG 32*0235 237 SALB 37*0774- 731 DOCUMENT 32*0271 2/4 OPUATWNS 32*024 1 252 MAM UK *****55 fU 7779H0 CI HO **********0 M TO NW USA CANADA USA CANADA* fm vsl/voy Imml sm unihaul/voy ttw km pox T~oi wr m
      2,553 words

  • Page 26 Advertisements
    • 1473 26 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITCRRANEANCANADA W* sw LtM RTM MM WM |»WV lax I VtSSfL IvOY SHI GH Vf FOS W.C MTtT CHOYAHG ATLAS WMO4 07 01 2411 2( 01 V«1 28 01 »(1 MOl JAPAN SENATOR WMM4 IT.tl 2101 20 01 ««1 00 B TRAKMAftE WOOO4 00 01
      1,473 words
    • 709 26 MR COMTB LINES, INC p aiimim- ton mwtjb b/VcAjJ ««*A gBBggSS, s^»gS^, )M<B 3 jgg£ Y Sg>SSS BARCELONA MV "PONL MARSEILLES" V.8524 ETA SIR: 11-1-99 MV "PORL JAKARTA" V.8526 ETA SIR: 27-1 -99 IAEM CHABANC/BANCKOK MW "SINAR JAVA" V.1013 ETA SIR: 09-1-99 HONGKONG/PUSAN MV "NEDLLOYD EUROPA" V.07EM51 ETA SIN: 10-1-99
      709 words
    • 560 26 LINE By m» *****56 FAXi tSMlia MUARA I LABUAN rasa vot no eta vrssa vot etd em SPORE MUARA SPORE UN CARAKAM-32V01E/90 07/01 11/01 (ARAKA MR-37 VOIE/00 07/01 U/01 2E"" WII/Wl3/0] u/01 straits HOn voie/oo u/oi i;/i, 2M5 i7/oi ii/oi STRAITS HOPE VO2E/00 24/01 27/01 SHAHS HOff VO2E/W 24/01 20/01
      560 words

  • Page 27 Advertisements
    • 1355 27 VESSEL VOY SIN SIP PKG PEN PQB DUB SHJ I BA I BIK I IRAN TAKHTI PJLI324 07/01 16/01 15/01 17/01 20/01 IRAN MATIN PJLI327 09/01 18/01 17/01 19/01 22/01 IRAN TABATABAEI TBA 25/01 04/02 03/02 05/02 08/02 PQB= Mina Qaboos OUB Oubai. SHJ Sharjah. BA Bandar Abbas. BIK Bandar
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    • 1982 27 Weekly to Europe Main Fortil Every Monday and Saturday I Diroct to Browonhavon in 20 dayi J I SINGAPORE'S GENERAL AGCMTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICECOSTAR SHIPPING PTE LTD #17-08 DBS bidg SAUS/IKGS 420S<S7/60 INWARD MPT (D/ 0) *****85 COSTAR AGENCIES (M)
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    • 748 27 I EASTERN CAR LINER, LTD. |_Ej Ett (SINGAPORE) PTE LTD I SPECIALIZE IN RORO C HEAVY LIFT WTO 450 TONS ECL (SINGAPORE) PTE LTD LOAD NG FOR MADRAS/CHITTAGONG/HALDIA PORT KLANG/COLOMBO MV "CORAL HERO" V0Y.14 MV "TAISHUN" V. 33 ETA SIN 01/01/99 ETA MAD 06/01/99 ETA SIN 03/01/99 ETA PKI 04/01/99
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  • Page 28 Advertisements
    • 1445 28 EUROPEAiK/SCANDINAVIA/FINLAND/RUSSIA SGP HDM ANW HBG THP ZEE IHV LHY THP RDM ANW HBG PKL SGP E DIAMOND RW 003 10,1)1 29/01 03/02 30/01 01/02 02/02 03/02 E ROYAL RE 040 10/12 12/12 11/12 13/12 15/12 07/01 00/01 E DELUXE RW 006 17/01 05/02 06/02 08/02 OT/U2 10/02 E RACER RE
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    • 1003 28 f PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. j I CR NO: **********06 ivtssa VOY -m isw m stp mi w» m u*. m ni ["5"l I lUNGA TERATAI3 015 7/1 1/1 W/l «/1 M/l »/1 3/2 4/2 I oocaimuTT mi «/i~
      1,003 words
    • 604 28 > NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VtSSU I VOT ISW i PIU 1 Dug I JN» I CPT |Kl GOLOfN DRAGON VOO9S 11/01 20/01 24/01 27/01 71/01 KANttl PttMCESS V.026S 19/01 02/02 "w/oT M/ 07 7~ NAMAIQUgN VO37S 24/01 HAXUI WAGON V.OIIS 06/02 IS/02 11/02 22/02
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  • Page 29 Advertisements
    • 485 29 BSfl n. l, Trsr=!n?sW!fsT3^lTsfi l^^^^ mm MYANMA pBBk FIVE STAR LINE (Myanmar National lint) Loading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU SITTWI 83W SU) DAWEI JW SIO MALAYSIA AUNTS: BOUSTEAO SHIPPING AGENCIES KUi: TEL (03)*****00 PKL TEL (03)*****01 PEN; TEI (04)*****02 PGU: TEI (07) *****21/4 BANK LINE
      485 words
    • 1351 29 HMMs^ HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY|SM|SOU|LBI|RTM|AIff|HAW|WV|m| IVESSB VOYI SOU I LB4 I TIM AWT I MAM I DMV |FB Sml API ALMANMNI 306W07/0) 2S/01 30/01 27/01 28/01 NOl AMAZONTE 0191 14/12 19/12 16/12 1 17/12 07/01 MAAS 527W 01/01 30/01 29/01 24/01 26/01 HY GENERAL 315E 16/12 23/12
      1,351 words
    • 1191 29 ®L rxxwegor specialized outocornen \L—». a®s®s TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" [visa vor ramp height i sin i lax i cri mia sav bal orf nyc new mob TAMPA F902 400 Tens 6.3 M 13/01 09/02 18/02 21/02 23/02 2S/02 26/02 27/02 04/03 07/03 TAIABOT F903 400
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  • Page 30 Advertisements
    • 801 30 BANOKOK/MAP TA PHUT/LA EM CHABAMQI JAKARTA/PAW J A WO VESSEL VQY SIN BKK MTP LCH VESSEL VOY IIN JKT PJN KOTA RATNA RNAO79 In Pt 09/01 GURU BHUM 11 IS In PI 10/01 NANTA BHUM" 427N In Pt 09/01 10/01 GURU BHUM 111 SB 07/01 10/01 DANU BHUM 23N 07/01
      801 words
    • 563 30 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE wi VOT nrarn D*«» DM w-mt www A*Tw»r vissn 3i/>i I ti/n ii/m quit n/n TO AUSTRALIA FULL CONTAINER SERVICE va vorl m MW at I w Ure I Mft IMA I m fntt" AUSTtHTHMBI US 17/01 W/01 30/01 77/01 25/01 31/01
      563 words
    • 915 30 mn [VESSELS |VOY[S»IPKL|MLA|I£HIRTM Imam VILLE DE VIRGO S29W 12AM 13/01 02*5 555 > VILLE DE VELA N2W 19K>1 20/01 01/02 08/02 06/02 Nygg VILLEDE SHANGHAI H29W 26/01 27/01 08/ CC WO2 TO vfm Tver? 5=5 VH-LED-ORION Y29W 02/02 03/02 1&TO 22/02 23/Q2 28/U Ztm SCANOINAV AN (AAWHUS. COPENHAGEN. GOTHENBURG) AND
      915 words

  • Page 31 Advertisements
    • 45 31 —JB# (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 "£> Key in your fax number your phone number Another innovative service offered by c The document will be Shipping times !SLJ k sesl
      45 words


  • Page 33 Advertisements
    • 142 33 ■nn FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: I ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      142 words

  • Page 34 Advertisements
    • 885 34 SAMUDERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 ■■Mi TEL; *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 DIRECT LINEj_S3SJ>266 Celia/Jessica/Mel Chan/Jeslynn/Dora/Hanlm 7 SLGS/WEEK [353E2131 2 SLG/WEEK [vessel vqy sm JAK [VESSEL ivoy isiw iplb KOTA MAJU MJUII3
      885 words
    • 560 34 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER lira voyagi m Singapore n* cotoaao eu iwai SHAUUUI OOSHW 10/01/* IS/DI/W 20/01/W SWAI OOSHW 17/01/W 22/01/99 27/01/19 VULUUI OOMffl 31/01/99 05/02/99 10/02/91 SWT 006HW 07/02/99 12/02/19 17/02/H SHALAMW 007HW 72/02/W 77/02/11 04/03/11 I SUM
      560 words
    • 483 34 Itgrn ENGIEE SHIPPING CO PTE in I W3SA W *****75 (t Ute«) Fait *****35/*****0 [_J_ <■ Nei 15>2990Q000< vissii vor sin n* sin no destination Gondo H 1/99 07/01 09/01 I! lungkoUokixtD VH 08/01 W/ 0 fe^wmg/Buoton/PBau Marco Polo 42 1/99 10/01 11/01 Jokorm Union Star 8 1/99 10/01 12/01
      483 words
    • 427 34 P Singapore Soviet Shipping CPI CMoIMSMMm Multiline Shipping PL (WWyO-kSefafary) a No U*****0000C VESSEL VOY SIN BOM PNG PKL BUDIAMAN 123N 10/01 17/01 28/01 KOTA RUKUN RKNO2S 19/01 27/01 07/02 KOTA RATU RTUO33 25/01 02/02 13/02 |VESS£L VOY SM CALCUTTA sin EPONYMA 023 07-08/01 13/01 22/01 M REGINA RGAO79 13-14/01
      427 words

  • Page 35 Advertisements
    • 936 35 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PRO SM JKT SU« PDC lIW CM» KM mi NTI ORE SAV NEW TAM HOU~I HOEGH DIM /03a 12/01 24/0) 05/01 07/01 21/01 24/01 04/0? 07/02 06/03 09/03 10/03 13/03 17/03 72/03 26/03 mm /04S0 02/02 08/02 22/01 24/01 14/02 10/02 22/02
      936 words
    • 1502 35 MWAS2 Hlf S SS SS 2341 VtSSn,/VOT*« yxj RTM HAW LEH SPORE KQQE HAQOTA sim TO^T 0741 2XOI 2SjOl 26.01 3041 PONLKOMOON 02EA49 M.12 0112 09.12 1112 29.12 0101 0101 09.01 07.01 07W 02 K-O' 3041 0142 02.02 0* 02 PONLKOOE 03EAS0 12.12 1112 1112 M.12 0541 lIjOI 12J01 1101
      1,502 words
    • 107 35 SHIPPING CO, LTD. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER I BREAK BULK CARGO vissa vor n m *t mu n m NLPHMUS sT 27/12 21/12 31/11 04/0? 13/01 TRANS FUTUREI H 05/01 07/01 15/01 TtANS PACIFIC 5 17 10/01 12/01 14/01 17/01 IS/01 27/01 OttPHNUS 57 24/01 24/01 21/01 05/02 14/02
      107 words

  • Page 36 Advertisements
    • 912 36 I VESSEL VOY SW^^MAASII^I TIGER ISLAND 672N 04-05/01 09-12/01 16-16/01 I TIGER SEA 673N 08-0801 13-16/01 20-21/01 I TIGER BAY 674N 11-12/01 17-20/01 24 25/01 I J BAUHINIA 016 15-16/01 21 24/01 29-30/01 I TIGER PEARL 675N 16-17/01 22 25/01 30-31/01 I TIGER SEA 677N 20-21/01 2629/01 03 04/02 I
      912 words
    • 733 36 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT SERVICE MEXICO (MEXICO CITY) All major ports in Mexico PERU (CALLAO) Lima/La Guaira/ Buenaventura/ Guayaquil/ Valparasio/ La Paz PANAMA (COLON) Costa Rica/ El Salvador/ Guatemala/ Honduras FOR BOOKING, PLEASE CALL TEL: 1800-*****66 Overseas Offices Hongkong *****113 flms@asiaonline.n«t Port
      733 words
    • 1324 36 lOOCL (Sinoopore) Pte Lid CPS Kepoel 79 Anson Rood #21-04 (S) *****6 Uk 513 #01-128 l Ll CI NO **********0H Ttfc 272 7827 f« bookmq U*****13 F« 221 3942 Foi: 272 7825 fnauiry TGH Orient Overseas Container line «•W (:YD) s| T I (Makixsn) Sdn Bhd (Reg No: *****2-U) f^/
      1,324 words

  • Page 37 Miscellaneous
    • 118 37 LEGEND: Thunderstorm Temperature o X\ JST" W#o,h<r of Wind direction with speed m knots Cloudy Sky Wove height Sujfoce wind, ore mooted by arrow, whidi My with the wind Vy One fua circle reprints colm or kght ond vonoble wmds One holt fWK. I .r> i... t -'ne holt Heche
      118 words

  • Page 38 Advertisements
    • 151 38 SCAN-TRANS SHIPPING PTE LTD SINGAPORE Scan-Trans Singapore, is a competitive dry-cargo shipbroking company established in 1993, fully owned by the diversified Nortrans Group. The Nortrans Group has expanded rapidly, being involved in liner services, chartering, agencies and brokering, and through Nortrans Offshore, engineering, FPSO and FSO operations. Scan-Trans Singapore specialize
      151 words