The Business Times, 12 January 1999

Total Pages: 36
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c SINGAPO RE Internet: http://business-times.asial.com.sg/ TUESDAY, JANUARY 12, 1999
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  • 67 1 rnsn M 1£43J8 (-2.16) niT4H mm Mi.74 (-1.20) nflDDanmmiß 14 227J6 (-0.17) gjUBRMk STOCK ■AIKET IKDiGES Monday Change KLSK C0MP_—JM&44 NIKKEI WJtt.48 HO HANG SENO 1MM27 8&« SET INDEX HAM 4X1 JAKARTA COUP _4»* -lit MANILA COUP —1,1*14 LI TAIPEI WPI M06JJ -14.71 SEOUL OOMP MJI +HSt CLSA
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  • 78 1 FOBEX BATES ust ss IBS 1176 £(liSS/St per 1.640 .1741 EC*0(USS/S$ per E) LIU LHJ DM 1.687 MM YEN lift) a»* IX UN 1441 HKS 7.748 MI6 BAHT MM MM RUPIAH 8,686 Mil 'St to too unto PRIMB BATES SINGAPORE* kh KUALA LUMPUR U.M JAKARTA 28.99 BANGKOK 14.7k MANILA
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  • 814 1  -  Deal creating £13b giant whets appetite of S'pore market for more mergers By' Ven Sreenivasan [SINGAPORE] British American Tobacco is to buy Rothmans International for £4.6 billion (5512.6 billion) in shares and create a merged £13 billion giant that would take on Philip
    Source: Bloomberg  -  814 words
  • 717 1  -  Remarks suggest that prime rates may be bottoming By\ Siow Li Sen [SINGAPORE] DBS Bank, which led the last three rounds of interest rate cuts, said yesterday that it does not expect further "significant decreases" in local Interest rates even though interbank rates
    Source: MAS/Reuters  -  717 words
  • 359 1 Bloomberg [BOSTON] US-based private equity funds attracted US$B5.3 billion (*****.9 billion) last year, 52.9 per cent more than in 1997, as pension funds, endowments and wealthy individuals poured in a record amount of money for the fifth consecutive year, according
    Bloomberg  -  359 words
  • 369 1  -  Way is now clear for next target of 106, says economist By] Larry Wee [SINGAPORE] The Japanese yen sliced through the key 110 yen level against the US dollar in Asian trading yesterday to close another 2.1 per cent up at 109.40,
    Source: Bridge  -  369 words
  • 34 1 [SINGAPORE] Greenpeace activists took on Anglo-Dutch shipping giant P&O Nedlioyd in Singapore waters yesterday, saying that its containership, Encounter Bay, was "toxic". Full report, Shipping Times Pg 1 AFP
    AFP  -  34 words
  • Page 1 Advertisements
    • 150 1 IMBIBE Tin The hire of a $100,800 cash giveaway has drawn 31 buyers to the Thomson 800 condominium development Pg 3 Inchcape Marketing Services shares came under heavy selling pressure following news that Inchcape pic had agreed to sell its entire 633 per cent stake in IMS to Hongkong's Li
      150 words
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  • SINGAPORE AT HOME & ABROAD
    • 280 2 SINGAPORE Power's negotiations with Indonesia's Pertamina to buy natural gas from south Sumatra for its power stations are "progressing well" and SP hopes to conclude a deal as soon as possible, SP chairman Ho Kwon Ping said yesterday. While earlier reports said
      280 words
    • 454 2  -  Total amount for 1999 should be about the same, says Yock Suan Reports by] Ronnie Lim TOTAL manufacturing investments reached the targeted $7.8 billion last year, with 40 per cent of the investments in high-value electronics, and the figure for 1999 should be
      454 words
    • 375 2 It will press on with expansion projects despite expected fall in revenues this year ELECTRICITY demand an indicator of the general economy has not shown any signs of a pick-up since midlast year. But electricity demand growth this year, if it comes, will be on the
      375 words
    • 308 2  -  EYE Oil THE ECONOMY Jobs Byl Eugene Low THE fall in newspaper recruitment advertisement volume eased to 45 per cent last month, after declines of close to 60 per cent in October and November. In the preceding three months July, August and
      Source: SPH  -  308 words
    • 695 2  -  They will help court decide on what constitutes 'built-in area' By Corinne Kerk A COURT case which began yesterday to decide what constitutes "built-in area" will see both sides call a string of high-profile witnesses to support their case. Listed developer City Developments Ltd (CDL)
      SIEW YAW HOONG  -  695 words
    • 450 2  -  By 1 Clariana Tan THE 293 people retrenched from Keppel Tat Lee Bank yesterday will be given three-quarters of their monthly salary for every year of their first twelve years of service, as part of their retrenchment benefits. The newly-merged bank told
      450 words
    • NEWS Roundup
      • 88 2 THE Land Transport Authority yesterday launched Traffic Scan, its latest intelligent transport system, to monitor and report, on a real-time basis, traffic speeds on major roads islandwide. This system cost the LTA $1.9 million in software investment and it uses Global Positioning System
        88 words
      • 121 2 COMPAQ, the world's leading personal computer maker, will invest "on the order of $10 million" over the next four years in its new engineering design centre at Tampines, said Rustom Kanga, vice-president of Compaq Custom Systems Asia Pacific and Greater China. The centre,
        121 words
      • 82 2 THE Consumer Confidence Index, a measure of consumer expectations, has fallen 12.7 points to 45.4 for the six months ending March this year as Singaporeans continued to reel under the region's economic difficulties. But the survey ofsoo working adults by Temasek Polytechnic's Temasek Business School
        82 words
      • 64 2 THE Singapore office of European venture capital firm 31 yesterday reported the completion of a management buyout of Moore Australasia, a print management company. 31 said the acquisition makes it the single largest shareholder of Moore Australasia, alongside senior Moore executives, Direct Capital Management
        64 words
      • 55 2 THE Trade Development Board has reappointed Stephen Lee its chairman for a third two-year term from Jan 1. Mr Lee is president of the Singapore National Employers Federation. Five board members were also reappointed, including TDB chief executive Barry Desker and Neptune Orient Lines group
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  • FOCUS: PROPERTY
    • 574 3  -  THE PROPERTY COLUMN It has to do with the govt's current thinking on govt-linked companies that size matters By Lee Han Shih WHAT are the chances of DBS Land being taken over, say by Pidemco Land in three to six months' time? The chances
      574 words
    • 261 3  -  31 buyers will get share of $100,800 after signing the sales agreement By Marissa Chew [SINGAPORE] The lure of a $100,800 cash giveaway has drawn 31 buyers to the Thomson 800 condominium development. The buyers have placed their booking fee of 5 per cent of
      261 words
    • 477 3 Firmer support seen for HK, S'pore; falls for Thailand, M'sia Bridge News [SINGAPORE] Asian property markets are expected to see a generally better 1999 after experiencing the toughest operating environment in more than 15 years in 1997-1998, said Salomon Smith Barney in a recent
      Bridge News; FILE PHOTO  -  477 words
  • Page 3 Advertisements
    • 139 3 PRIME FACTORY SPACE FOR LEASE Centrally located within Ang Mo Kio Industrial Estate Floor Area: Approx. 50,000 sq ft Suitable for Clean Light Industries Very Attractive Rental Package Available in April 1999 Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tel: 224 8181 Fax: 532 0157 PRIME INDUSTRIAL
      139 words
    • 162 3 FOR SALE BY TENDER PEOPLE'S PARK COMPLEX Prime ground floor shops and office Sizes range from 323 sq ft to 11,044 sq ft Facing main concourse Leasehold 99 years from 25.3.1968 Suitable for Department Store, Supermarket, Food Court and Goldsmith Shop Next to proposed People's Park MRT Station Approved $15M
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    • 203 3 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 air express
      203 words

  • ASIA'S ECONOMIC SLUMP
    • 656 4  -  RM32b will come from foreign lenders, the rest from local bodies: NEAC Froml Eddie Toh in Kuala Lumpur CONTRARY to common perception, Malaysia has found enough sources of funds to finance its economic recovery plan for the next two
      656 words
    • 380 4 ELSE breaks the 600-point level for first time in 8 mths Reuters pftJALA LUMPUR] Investors yesterday welcomed Malaysia's cabinet reshuffle, but dusted finance minister Anwar Ibrahim said it showed Prime Minister Mahathir Mohamad was nervous about his political base. Stock prices shot up as investors
      Reuters  -  380 words
    • 175 4 AFP IKUALA LUMPURJ The reappointment of Daim Zainuddin as Malaysia's finance minister may hasten the formal lifting of restrictive capital controls, analysts said yesterday. Mr Daim is expected to push for new regulations such as exit taxes and preferential treatment for qualified long-term
      AFP  -  175 words
    • 306 4 Bloomberg [SEOUL] South Korea's central bank more than tripled its economic growth forecast for this year because companies are boosting production and households are spending more than it earlier expected. The Bank of Korea said gross domestic product the total output of goods
      Bloomberg  -  306 words
    • 301 4 Reuters [HONGKONG] Alan Greenspan may have the power, but Hongkong's chief central banker has the money. The US Federal Reserve chairman, visiting Hongkong yesterday for a central bankers' conference, is paid U*****,600 (*****,860) a year. But his host. Hong Kong Monetary Authority
      Reuters  -  301 words
    • 536 4  -  Meeting ends with disappointingly general statements From< Qoak Hiang Whai in Hongkong FOR an organisation which spends much time promoting greater transparency in the international financial architecture, the Swiss-based Bank of International Settlements (BIS) certainly wasn't forthcoming to the media.
      536 words
    • 661 4  -  COMMEMTARY The region has yet to attain what's needed to anchor a single monetary system By Shantanu Lodh The writer is an economist with the Government of Singapore Investment Corporation. The views expressed here are entirely his own. HONGKONG
      661 words
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  • Page 5 Advertisements
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  • SOUTH-EAST ASIA
    • 282 6 MANILA AFP TOBACCO tycoon Lucio Tan is to provide bridge financing of 3 billion pesos (*****.8 million) to keep ailing Philippine Airlines (PAL) flying until it finds an investor, Finance Secretary Edgardo Espiritu said yesterday. The money would be used to pay
      AFP  -  282 words
    • 316 6 JAKARTA Reuters AFP INDONESIAN President B J Habibie wants the country's four million civil servants to remain neutral in June's parliamentary elections, a minister said yesterday. "Habibie's stand on the civil servants is clear he wants them to be neutral. If
      Reuters; AFP  -  316 words
    • 428 6 MANILA Govt says SEC will have the last say in flag carrier's rehabilitation plan Reuters CREDITORS holding a big chunk of Philippine Airlines Inc's floating rate notes (FRNs) said yesterday the airline's rehabilitation plan was unacceptable. However, the government said Manila's Securities and
      Reuters  -  428 words
    • 50 6 [KUALA LUMPUR] Malaysian children playing on the Internet at a school in Kuala Lumpur yesterday. The economic downturn has driven some Malaysians to resort to their own creative ways ofsending IdilFitri greetings like creating cards through the Internet or sending messages over radio talk -programmes. REUTERS
      REUTERS  -  50 words
    • 235 6 JAKARTA Reuters INDONESIA'S military said yesterday it has arrested 30 soldiers in Aceh for beating to death and torturing suspected separatist rebels during the weekend. "I say this firmly I cannot justify what happened on Saturday. I will Investigate the incident thoroughly and
      Reuters  -  235 words
    • 171 6 PHNOM PENH Reuters MORE than 1,000 Cambodians working for a Malaysianowned garment factory went on strike yesterday to demand better overtime pay and working conditions. Workers at the Garment Ltd factory in Phnom Penh said overtime wages had recently been cut to 50
      Reuters  -  171 words
    • 361 6 ANWAR'S TRIAL He also tells court not to rely solely on DNA evidence AFP [KUALA LUMPUR] A chemist yesterday told the corruption trial of ousted Malaysian deputy premier Anwar Ibrahim that he was unsure if stains on a mattress used as evidence of
      AFP  -  361 words
    • 286 6 JAKARTA They will take to the streets after Jan 19 Muslim celebration Reuters INDONESIA'S student movement vowed yesterday to resume mass protests this month to demand the resignation of President B J Habibie, an end to the military's role in politics and a
      Reuters  -  286 words
    • NOTE Book
      • 100 6 AFP [MANILA) The Philippines will issue USlsoomillion n (*****.8 millicm) of Eurobonds in the coming months, beginning with a roadshow in February, Finance Secretary Edgardo Espiritu said yesterday. The Eurobond float would follow a successful US$l billion Yankee bond float last week which was
        AFP  -  100 words
      • 94 6 AFP [JAKARTA] Indonesian tea powers expect the country's tea production in 1990 to remain stable at last year's level 0f160,000 tonnes, but exports are expected to rise, the JaJtaria/tort daily said. The chairman of the Indonesian t Tea Association, Rachmat Badruddin, said out of
        AFP  -  94 words
      • 92 6 AFP [HANOQ Vietnam suffered an 11.5 per cent drop in the number of foreign tourists to 1.52 million visitors in 1908, a tourism official said yesterday. The figure was down from a record 1.72 million visitors in 1997. "The main reason is the economic crisis in
        AFP  -  92 words
      • 106 6 AFP [JAKARTA] Indonesia's crippling economic crisis forced the Indonesian franchisers of the US fast-food chain McDonald's to close 30 of its 101 outlets in the country in 1998, a report said yesterday. "We had to temporarily close those outlets otherwise we will suffer greater losses. We
        AFP  -  106 words
      • 110 6 AFP [HANOI] The remains of Tran Phu, the first general secretary of the Communist Party of V ietnam, who died as a prisoner of French colonialists in 19S1, have been discovered in Ho Chi Minh City, a local official said yesterday. Acting on
        AFP  -  110 words
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  • CHINA-HONGKONG-TAIWAN
    • 467 7 TBBOmODBBACLE This follows Bering's failure to guarantee repayment of Gitic debts AFX-Asia AFP [HONGKONG! The move by China's government to wind up Guangdong International Trust and Investment Corp (Gitic) without guaranteeing repayment of its debts, even to those previously registered, will
      AFX-Asia; AFP  -  467 words
    • 292 7 HONGKONG AFP THE collapse of Guangdong International Trust and Investment Corp (Gitic) and official warnings of an economic slowdown have increased business pessimism about China's growth prospects, a survey said yesterday. Nearly half of corporate respondents expected the Chinese economy to deteriorate in
      AFP  -  292 words
    • 234 7 TAIPEI Funds channelled through Taiwan consulting firm* AFP SOME Taiwanese companies have indirectly received an estimated NT$3OO billion (5515.6 billion) from China to help them resolve financial problems, the China Times reported yesterday. But the newspaper did not name any firm nor
      AFP  -  234 words
    • 138 7 BEIJING Reuters TO curb tax evasion and illegal payments, China plans to adopt a new banking rule that would require depositors to reveal their real names when opening accounts, the China Securities newspaper said yesterday. "By adopting the system, the risk awareness
      Reuters  -  138 words
    • 380 7 China breaks silence only to province SHENZHEN Reuters CHINA broke months of official silence on the fate of failed Gitic Trust yesterday, trying to reassure depositors their funds were safe in what could be the nation's biggest bankruptcy since the Communists took power in 1949. But it revealed the impending
      Reuters  -  380 words
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  • ASIA
    • 507 8 TOKYO Banks have to revamp operations drastically, says head of reform panel AFP Bloomberg JAPAN must break away from the financial policies of the past and make its banks restructure their operations drastically, the head of a major bank reform commission
      AFP; Bloomberg; FILE PHOTO  -  507 words
    • 472 8 COLOMBO AFP A FREE trade pact among seven South Asian nations was most unlikely to take off as planned because of political tensions between India and Pakistan, a London School of Economics scholar said in Colombo yesterday. Lord Desai told the influential
      AFP  -  472 words
    • 310 8 ISLAMABAD Reuters THE Pakistani government has decided to implement accords forcing Ave independent power producers (IPPs) to cut rates, the official APP news agency said on Sunday. APP quoted a government statement as saying the implementation of the accords would be in
      Reuters  -  310 words
    • 200 8 SEOUL Funds #4% higher than the 6.6t won set aside last year Reuters SOUTH Korea's Export-Im-port (Exim) Bank said yesterday it would provide 10.3 trillion won (5514.6 billion) to help boost the nation's exports, a 64 per cent rise from the 6.6
      Reuters  -  200 words
    • 312 8 WELLINGTON AFP AS the first country to see in the new century, New Zealand is poised to be a global early warning station for the millennium bug, officials said yesterday. The world will be monitoring any problems that occur as
      AFP  -  312 words
    • Article, Illustration
      46 8 [SHIOZAWA, Japan] Train passengers looking out of a Tokyo-bound express train which stopped at Ishiuchi Station in the northern town of Shiozawa due to heavy snowfall yesterday. Heavy snows over the pastfew days blanketed much of central Japan and the Sea ofJapan coast REUTERS
      REUTERS  -  46 words
    • 524 8 ■TOKYO More sackings will batter consumer confidence: minister AFP JAPAN'S government yesterday rejected any US-style liberalisation of the labour market as it battles to cut record jobless queues while restoring economic growth. Labour Minister Akira Amari said US corporate chiefs had
      AFP  -  524 words
    • 379 8 SYDNEY AFP A DECISION by New Zealand to expand its immigration programme has opened a back door to Australia for thousands of immigrants originally from the Pacific Islands and Asia, a new study has found. Research by the Centre for Population and
      AFP  -  379 words
  • Page 8 Advertisements
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    • 7 8 Goldman to advise LTCB sale, Pg 16
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  • THE WORLD
    • 370 9 STRASBOURG, France Credibility of EU's executive on the line, parliament to vote Thursday on censure Reuters MEMBERS of the European Parliament were expected to formally call yesterday for the sacking of the European Union's executive Commission over allegations of fraud and mismanagement
      Reuters  -  370 words
    • 241 9 LONDON Reuters GLOBAL economic growth, which more than halved in 1998, is expected to slow further in 1999 to 1.3 per cent from 1.5 per cent last year, a London-based economics think-tank said yesterday. The Economist Intelligence Unit (EIU) said the
      Reuters  -  241 words
    • 43 9 [BONN] German Chancellor Gerhard Schroeder (centre) putting his hands onto the shoulders of European Union Competition Commissioner Karel Van Miert during a photo session after a meeting of the German Federal cabinet and the European Commission in Bonn yesterday. REUTERS
      REUTERS  -  43 words
    • 467 9 M MOSCOW It plans to sell stakes in 11 strategic oil, gas, other firms Bloomberg RUSSIA lowered its expectations for state asset sales this year, setting a target of at least 15 billion roubles (Ssl.l billion) from sales of oil, gas
      Bloomberg  -  467 words
    • 292 9 MOSCOW FT THE former head of Russia's central bank Sunday accused senior state officials who have alleged corruption within the institution of a political destabilisation campaign designed to undermine the country's economic reform programme. Sergei Dubinin, who resigned as governor in the wake of the
      FT  -  292 words
    • 326 9 BONN Reuters GERMAN industry orders fell for the second month in a row in November, adding fresh evidence that the economy is in the grip of a slowdown, figures released by the Finance Ministry yesterday showed. Orders fell by 1.5 per cent month-on-month in
      Reuters  -  326 words
    • 430 9 LONDON 51% say they're more in favour now than 6 months ago; 40% say UK will lose jobs Reuters LONDON City's financial institutions and banks are looking more favourably at the prospect of Britain joining the European currency union, accountancy
      Reuters  -  430 words
    • 179 9 LONDON Reuters BRITAIN'S financial services industry expects a sharp slowdown in business and significant job losses in the first quarter of 1999, a survey by the Confederation of British Industry (CBI) and accounting firm PricewaterhouseCoopers showed yesterday. Firms* expectations for business growth over
      Reuters  -  179 words
    • 439 9 LONDON Output down for fourth straight month; central bank may cut rates again Reuters BRITAIN'S beleaguered manufacturers are heading firmly into recession, official data showed yesterday, as output fell for the fourth month in a row. With other data showing core factory gate prices at
      Reuters  -  439 words
    • 349 9 WASHINGTON Bloomberg MICROSOFT Corp, the No 1 software maker that's fighting an anti-trust lawsuit by the US Justice Department, is gearing up to become a major force in Washington. Under assault by the Justice Department and 19 states, Microsoft has unleashed a lobbying
      Bloomberg  -  349 words
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  • EDITORIAL & OPINION
    • 716 10  -  THE BOTTOMLDCE OPINION By Maureen Dowd The writer is a New York Times columnist NYT NOW that impeachment has moved to the Senate, the greatest deliberative body since Roman times, Peter and Dan and Tom and Tim and Cokie and Greta keep
      NYT  -  716 words
    • 166 10 'Having one or two more seats won't change anything. All democratic movements come from the masses on the streets. You need martyrs to change the system.' -Andrew To a leader of the so-called Young Turks in Hongkong's Democratic Party, who wants to abandon elective politics and take
      166 words
    • 607 10 EDITORIAL INDONESIAN President B J Habibie received a cautious thumbs up from the International Monetary Fund and the financial community for the 1999/2000 fiscal year budget which he presented last week. Having learnt from last year when the budget announcement by then-president Suharto sent the rupiah
      607 words
    • 1308 10  -  Japanese survey finds transparency lacking, and the influence of Moody's and S&P too strong By. Anthony Rowley The writer is BT's Tokyo correspondent TO many investors, international credit rating agencies appear like minor deities, bestowing upon some corporate or national entities the
      FIL.E PHOTO  -  1,308 words
    • 821 10 ffhlnoio tftf tt irf rtfiMtm THE recent depressing news from China should not be surprising, yet China keeps having to teach realism to optimistic foreign observers. Unlike the theatre, Chi-na-watching should not be the willing suspension of disbelief. The depressing news in Chinese politics concerns the
      821 words

  • EXECUTIVE LIFESTYLE
    • 484 11 ARTS The Dutch museum, with 10m guilders of debt, faces closure 2 years after opening [AMSTERDAM] An Amsterdam museum which billed itself as the most advanced in Europe is on the verge of closing, less than two years after it opened. An emergency credit provided by
      484 words
    • Article, Illustration
      57 11 [ALICE SPRINGS, Australia] Tctdeusz "Taddy"Klosinski, 52, cleaning an enormous hand outside his Alice Springs pawnshop over the weekend. The hand, which is madefrom concrete, advertises his store and is one of Alice Springs'most photographed landmarks. Customers range from locals ridding the family home of "junk to overseas tourists
      REUTERS  -  57 words
    • 856 12  -  British reporter-turned-writer Gerald Seymour is a news freak and self-confessed workaholic who scorns writer's block, writes paul majendxe PAUL MAJEINDIE Reuters Troubleshooting reporter Gerald Seymour wrote his first thriller about Northern Ireland while waiting for two weeks in a Beirut hotel to interview Palestinian
      Reuters; AFP; FILE PHOTO  -  856 words
    • 619 12  -  BT Social Clubs Index Index for December hits highest level since last March By' Ven Sreenivasan [SINGAPORE] The upward momentum in the social club membership market which began in October continued last month, lifting some prices to their highest levels since the first
      Compiled by BT  -  619 words
    • 774 12 FILMS Movie based on real-life story of chemical pollution that led to 8 deaths NYT IHOLLYWOODJ What's it worth to a company to get its soft drink or athletic shoe prominently displayed in a big movie? Tommy Hilfiger, the hip young clothing
      NYT  -  774 words
  • Page 11 Advertisements
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    • 149 11 For the months of January and February, our chefs have prepared a whole of Spanish Food to satisfy the hungiy tastebuds of all Spanish Food Lovers, And at unbelievably reasonable price, too! So call us up for reservation n0w.... before they are gone... POLLO EN PEPITORIA Chicken with almond sauce
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  • Page 11 Miscellaneous
    • 1002 11 CRYPTIC CROSSWORD Ayr resort (4) 27 Growing source of electrici- respecting safeguard (10) fbmmDATS SOLUTION ty? 11 What a pet cat might do |olp|plo|sle|rßo[e]t|a] i lUsI IXXWN achieve without effort P H R H H E M°H R H N ff 1 Tiller and male student 9/in li UsSl i
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    • 71 12 Waterproof Rust-free Bl lr"" i Multi-Purpose Cabinet 180x65x45cm Usual $390.37 Now $299 wSi I fefvMTß Utility Cabinet Ail-Purpose Slim wall A 180x65x45cm Cabinet Base Cabinet Usual $390.37 91x65x45cm 91x45x32cm Now $299 Usual $219.39 Usual $203.41 Now $189 Now $119 For technical enquiries, call: ot. itA Fu ctVtecftort on d s
      71 words
    • 16 12 /viUk mm ia Cats' Mews I In'* Mill it ia 1 Sariay Cliitifltd I tMi Niilrni
      16 words
  • Page 12 Miscellaneous
    • 206 12 THE wEATmm Singapore Showers with thunder in the early evening affecting most areas. Temperature (23/29 C) AaU-Pmodlc La/Ht* ComL .Imisalem 117 (tour Skxthotai V-\ ctoudy Auckland 15/ lx dear Mtrra IMS Dear Vienna V 7 ctarfy Bangkok ctoudy Zunrti -12 <toudy Bep* M bur Europe La/W Good. Bombay 21*1 hazy
      206 words

  • Companies & Markets
    • 342 13  -  Courier Ranges 13% from pro-suspension level as pride of deal disappoints investors By Rahita Elias [SINGAPORE] Inchcape Marketing Services shares came under heafy selling pressure yesterday following news that Inchcape pic had agreed to sell its entire 63.3 per cent stake
      Source: Bloomberg  -  342 words
    • 265 13  -  LETTERS TO THE EDCTOII Charles Chua ON Jan 8, DBS Bank, the advisers for Hongkong company Li Fung Development (LFD), announced the takeover of a Singapore-listed company Inchcape Marketing Services (IMS) at $0.85 per share. IMS, as we already know, has
      265 words
    • 434 13  -  Sunil Nanwani WONG Wei Kong has recommended a buy on Keppel Tat Lee Bank warrants issued by DBS Bank on the simplistic assumption that the warrant carries "a premium of 28 per cent" and has "a gearing of close to five times" (Warrant Watch,
      434 words
    • 764 13  -  HOCK LOCK SIEW R Sivanithy IN last Friday's Executive Money section in The Business Times, eight stockbrokers gave their top stock picks for 1999. One of the most striking things about these picks was that small-to-medium companies proved significantly
      764 words
    • 525 13  -  Assurance comes amid worries that company's future would be jeopardised By Felix Chan [SINGAPORE] Osprey Maritime is financially sound, underscored by having some US$B5O million (Ssl.4 billion) in long-term committed revenue streams which could double over time, chairman Tim Cottew said, dismissing
      525 words
    • 268 13  -  By. Jennifer Lien [SINGAPORE] Pacific Internet, which is seeking a listing on the US Nasdaq stock exchange, has raised its offer price range from between US$l3 and US$l5 to US$l5US$l7, sources said. This is due to stronger-than-expected demand at the company's roadshows in the
      268 words
    • COMPANIES
      • 436 14  -  15 million covered warrants, to be listed on Jan 21, placed ont By] R Sivanithy [SINGAPORE] Investors who are bullish on the local stock market over the next nine months but are undecided over which stocks to buy can opt for
        436 words
      • 302 14 [SINGAPORE] Chinese ceramic tile and bathroom fixtures maker Eagle Brand Holdings Ltd is expected to sell up to 250 million new shares at 18-20 US cents in its initial public offer. The final figure, from a minimum of 200 million shares, would
        302 words
      • 359 14 Bloomberg [MANILA] Manila Electric Co, the Philippines' largest power distributor, has denied speculation that the company is mounting a plan to thwart a takeover by businessman Eduardo Cojuangco. "We believe that there's no talk about a takeover," said Elpi Cuna, a
        Bloomberg  -  359 words
      • 286 14 Bloomberg [HONGKONG] New World Development Co, Hongkong's fourth largest property developer, is raising HK52.35 billion (*****.7 million) by selling shares and will use the proceeds to spend mainly on its Hongkong property business, a company executive said. It is selling 117 million new shares
        Bloomberg  -  286 words
      • 156 14 Bernama [KUALA LUMPUR] Berjaya Group's pre-tax profit for the half year ended Oct 31, 1998, rose 49 per cent to 391.2 million Malaysian ringgit (Ssi 72.5 million). Beijaya said the increase in group pre-tax profit was mainly attributed to the higher profit contribution
        Bernama  -  156 words
      • 373 14 Reuters Bridge News [KUALA LUMPUR] Malaysian power utility Tenaga Nasional Bhd said yesterday it would give a 5 per cent rebate to users holding cash deposits with the company in 1998, national news agency Bernama reported. Bernama quoted Tenaga's media
        Reuters; Bridge News; FILE PHOTO  -  373 words
      • 604 14  -  It replies to A WSJ article which said rescue plan altered to prevent backlash From. Ruth Wong in Kuala Lumpur THE National Economic Action Council (NEAC) has said that the Renong group had a claim to seek help from the government
        604 words
      • 79 14 [HONGKONG] Men making phone calls on New World Telephone public phones on Sunday in Hongkong. According to a survey by a local newspaper, Hongkong has become one of the cheapest places in the world from which to make international phone calls since price wars were
        AFP  -  79 words
      • 393 14 JG Summit selling its stake in Philippines' biggest cement plant Bloomberg [MANILA] Cemex SA of Mexico, the world's third-largest cement maker, said it would pay JG Summit Holdings Inc US$4OO million (*****.2 million) for the Philippines' biggest cement factory. Cemex,
        Bloomberg  -  393 words
      • 279 14 Reuters [SEOUL] South Korean electronics giant Samsung Electronics Co yesterday said it was relinquishing control in a US-based personal computer maker, and acknowledged its acquisition had been a failure. Samsung said the sale of 65 per cent of loss-making AST Research Inc
        Reuters  -  279 words
      • 229 14 Bloomberg [BANGKOK] Thailand's Securities Exchange Commission said it has charged a director and a shareholder of Thai Telephone Telecommunication pic with using inside information to sell shares before it was made public. One unidentified director and one unidentified company that owns shares in Thai
        Bloomberg  -  229 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 623 15 Book retailer was up 859% last year, but analysts warn snch stocks are volatile FT NYT [NEW YORK] The market phenomenon of the year so far is the Internet. Web stocks, and particularly those linked specifically tQ "e-com-merce", are going through the roof. A
        FT; NYT; Source: Bridge  -  623 words
      • 312 15 Bloomberg [TOKYO] Fujitsu Ltd, Japan's largest computer maker, said it will reduce production of the most commonly used type of 64-megabit dynamic random access memory (DRAM) chips to focus on higherspeed semiconductors. Fujitsu did not confirm a report in the Nihon Keizai
        Bloomberg  -  312 words
      • 66 15 [BEIJING] Chinese customers crowding the new Starbucks Coffee Shop in Beijing as waitresses line up for the official opening of the US coffee giant's first retail outlet in China yesterday. The Seattle-based Starbucks' long march to China started more than four years ago when joint
        REUTERS  -  66 words
      • 543 15 Analysts see another frenzied year of industry mergers Reuters FT [NEW YORK] The intense takeover interest in AirTouch Communications, the world's largest independent wireless company, started what is expected to be another frenzied year of consolidation in the telecommunications industry, Wall Street analysts said.
        Reuters; FT  -  543 words
      • 479 15 FT [MILAN] Volvo, the Swedish automotives group that is considering its strategic options, is holding talks with Fiat in a move that could mark a further consolidation of Europe's motor industry. Italy's Agnelli family, which controls 30 per cent of Fiat, said at the
        FT  -  479 words
      • 258 15 Announcement of a deal could come as early as tomorrow Reuters [NEW YORK] Telecommunications equipment maker Lucent Technologies Inc is in talks to buy Ascend Communications Inc, a data networking company, for more than US$l6 billion (5526.8 billion), industry
        Reuters  -  258 words
    • FINANCE & COMMODITIES
      • 325 16 Cle&rnet to compete head on with London Clearing House in Europe's government bond markets FT [LONDON] Clearnet, the clearing house owned by the French stock exchange, is to compete head on with the London Clearing House for supremacy in Europe's government
        FT  -  325 words
      • 340 16 Appointment of US firm could signal start of surge in Japan MIA activity Bloomberg [TOKYO] Goldman Sachs was chosen to advise the nationalised Long-Term Credit Bank of Japan on the sale of its business, as Japan starts to seek outside help to restructure troubled financial
        Bloomberg  -  340 words
      • 202 16 Bridge News ITAIPEIJ Taiwan's Chung Kuo Insurance Co Ltd will acquire a 51 per cent stake in Cathay Insurance Co of the Philippines from Taiwanbased International Commercial Bank of China for about NT$lO million (*****,000), a Chung Kuo Insurance executive told Bridge
        Bridge News  -  202 words
      • 310 16 Disclosure of Y2K readiness mandatory in company reports Reuters [HONGKONG) Hongkong's Securities and Futures Commission (SFC) yesterday warned financial institutions that it could restrict their businesses if they failed to take enough action to tackle the millennium bug. "The SFC
        Reuters  -  310 words
      • 306 16 NgoSiewPodisalso principal officer of S'pore branch ACCOUNTANT Ngo Siew Pod, the first Asian to head the Singapore operations of British insurer Guardian Royal Exchange, has been appointed Asia finance director of the group. Based in Singapore, she will continue to carry out her duties as
        306 words
      • 202 17  -  SIMIiK Reports MSCI Singapore Index Bob Butcher, Jardine Fleming EXCITEMENT about changes in the Singapore banking industry gave the MSCI Singapore index futures a strong start but the market was unable to forge much farther into new high territory and gave back
        202 words
      • 176 17  -  MSCI Taiwan tatares Charlie Kuo THE Simex MSCI Taiwan Stock Index futures finished unchanged despite record gains on Wall Street last Friday. The market remained highly cautious and worldwide equity rallies were possibly offset by domestic concerns. The January *99 contract moved sideways between 267.0
        176 words
      • 313 17 ENBBOTRBPOKT Reuters [LONDON] World oil markets yesterday took another step along the road to recovery as winter weather in big Western markets helped ease a surplus of inventories. Benchmark Brent blend crude traded 35 cents higher by 1100 GMT to US$l2.OB a
        Reuters  -  313 words
      • 331 17 AFP Reuters London AN ebullient yen leapt to 28month highs against the US dollar yesterday in defiance of Japan's economic woes and the risk of central bank intervention. Recent increases in Japanese government bond yields have fuelled speculation that Japanese investors will repatriate money and has helped hoist
        AFP; Reuters  -  331 words
      • Article, Illustration
        1145 17 WTBEBAMICIOSSIATB8 Jattn A$ C$ tw» I— Wr D» i> Tan W— Ml N» SS «■< Sir K iM Hmt W$ Australia 0.958 4.178 0.547 1585 1069 4.909 ***** ***** 0198 7.438 2.407 IT72 32.*****.964 10*2 1703 0.882 ***** 22.969 0286 1634 Canada 1044 1489 0170 1741 1116 5.123 28.107 52J93
        1,145 words
      • 1695 17 gCOM FUTURES Janii «e**(Mw»sde*|«*U6pi) l»1C0NTlACT(Sc«*»/kt} Out OpM Mwth m> lw Ml Owm) M<rwt F*99 116.00 300 575 Mar 99 M9.M C75 Apr 99 123.00 122JJ0 SITS 400 400 May 99 <23.00 122.00 ***** 400 400 Jan 99 123.00 122.00 ***** 400 (00 Mft+n 128.75 300 MO KS3COHT«ACT(UScMtsAt> WW OpM ftMtb
        1,695 words
    • Article, Illustration
      1327 18 AFP PHamSepfi -88.43 HONGKONG shares fell 0.8 per cent yesterday with a large share placement by a property firm and the bankruptcy of the Guangdong International Trust and Investment Corp hitting sentiment, dealers said. Trading in New World Development was suspended ahead of an announcement of a share placement
      AFP  -  1,327 words
    • Article, Illustration
      537 18 AFP CI Shenzhen B Index -0.63 SHENZHEN'S hard currency B shares slumped yesterday, ending lower on losses in Hongkong stocks, analysts said. The B Share Index fell 0.63 point, or 1.17 per cent, to 52.71 on turnover of HKS3.B million, compared with HK$4.5 million on Friday. Shenzhen's A Index
      AFP; Source: Credit Lyonnais Securities (Asia) Ltd  -  537 words
    • 339 18 AFP Qwp Index -14.76 TAIWAN share prices closed 0.2 per cent lower yesterday as late selling wiped out early gains amid concerns over the island's economic outlook, analysts said. "Investors were reluctant to push the upside with strong selling pressure at 6,500-point level because Taiwan's economy remained in a
      AFP  -  339 words
    • 2060 18 Jen IWfclllMl Na 31 Croup 624.500 5.000 AB Ports 280.000 -2.000 WMy National 1303.000 -10.000 AMod Donocg 597.500 unch AMod Zurich 98.700 -3.400 Arnoc T79.500 unch Aid* Group 160.000 -3.250 BAT Ind 625.000 84.000 BGPk 384.500 -1.750 8KC 72.000 3.500 BOCGroup 829.500 -3.500 BR Potroteum 924.500 BTR
      2,060 words
    • 1526 18 AFP Nikkei 225 -2133 TOKYO share prices closed down 0.2 per cent yesterday on concerns the yen's strength would hit corporate profits, brokers said. The key Nikkei 225 Index eased 23.33 points to close at 13,368.48. An estimated 300 million shares changed hands against 358.8 million on Friday. The
      AFP  -  1,526 words
    • KUALA LUMPUR STOCK MARKET
      • 8611 19 MBUSTMALS Coflwiwf t irn Last Vel Day Nat Cap tm> Lew Cslpany I* *000 I— P/* Wi 300 292 Ajinomoto 300 8 2 300 299 16.6 121.6 83 76 Angkasa 81 1 263 83 81 19.4 283 255 Apollo Food Hlg 263 1 13 270 263 9.2 KM-2 204 178
        8,611 words
      • 332 19 AFP n Composite Index +&7I MALAYSIAN share prices ended 1.1 per cent higher yesterday following the appointment of Abdullah Ahmad Badawi as deputy prime minister which boosted investor sentiment. "The appointment has settled one big uncertainty that has been weighing on the market
        AFP  -  332 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1865 20 BONOS, LOANS ft WAMANTS m ,999 List V* Day Last Onata Avg Mfk Law ItM CwWMf Sa>* COOP) HtgO Law Buyar Satlar P<k.a 20.3 3 3160 *Acar ******1USS 14.5 unch 328 15.5 14.5 14.5 15 95 4.5 3164 Acma ******4 22 -0.5 664 23.5 21.5 21.5 22 22 3161 AIITach
        1,865 words
      • 204 20  -  WARRANT WATCH By R Sivanithy LIANG Court Holdings is classified as a property company, yet its shares have lagged the advances elsewhere in the sector. The shares have risen from their 52-week low of 24.5 cents to 44.5 cents, but this is nowhere near
        204 words
      • 193 20 HONOKOM STOCKS Qr Of 199* LMt Val On LMOwti Mv Mv VM Nat MC« H—I L— Stn« Cww *a» COOP) HUh L— 8wyr Cw Ptl $«W 400 250 5123 CDU2000JHK 400 8 5124 Cathay Pac 20c HK—720 2.1 7.4 6 *****.4 5125 ChtwiqKonqSOc HK.17S0 240 *J 6.7 3
        193 words
      • Article, Illustration
        705 20 AFP P Composite Index -2J9 INDONESIAN shares closed 0.5 per cent lower yesterday, giving up early gains amid profit-taking in selected big caps led by telephone monopoly PT Telkom, dealers said. A dealer at a Hongkong brokerage said the market was doing well in the morning but turned weaker
        AFP  -  705 words
      • Article, Illustration
        747 20 AFP □set latex -023 THAI share prices closed yesterday down 0.1 per cent after profit-taking hit earlier gains as investors remained uncertain over the market outlook, dealers said. Analysts said some investors were adopting a wait-and-see stance because they were unsure about the market's direction over the coming week.
        AFP  -  747 words
      • 271 20 AFP Q Manila -LO PHILIPPINE share prices eased yesterday as the market began a correction after hitting a seven-month high last week, analysts said. The Philippine Stock Exchange Composite Index fell one point to 2,139.64. Turnover rose to 3.67 billion shares worth 2.72 billion pesos from 798 million shares
        AFP  -  271 words
      • 400 20 AFP H Composite Index +14^2 SOUTH Korean share prices closed yesterday 2.3 per cent higher amid rising liquidity as investors remain confident the market will further improve, dealers said. "It is just going up and up on rotational interest as fresh money flows into the market," a local dealer
        AFP  -  400 words
      • 587 20 AFP p All Ordinaries -O SHARES shrugged off the positive news of a rising Wall Street to fall 0.2 per cent yesterday amid renewed concern over US interest rates, brokers said. The All Ordinaries Index slipped 6.9 points to 2,849.4. The all Resources Index jumped 24.5 points to 975.0
        AFP  -  587 words
      • 247 20 AFP PI Wellington *111 NEW Zealand shares gained 0.4 per cent yesterday, despite the market spending most of the day tracking a gloomier Australian market, brokers said. The NZSE-40 Capital Index closed 9.11 points higher at 2,169.40 Turnover was worth NZ$BO million. —AFP *f- rww ANZ 1230 "020 *****
        AFP  -  247 words
    • 4921 21 Transaction date Jan 11 im Last Val Day Laat OwU w» VW JJ«J C *J *»J HI» u» »tw c.wp—y sua roooi HUH L— m*r~ umtr cv wt w mc MULTHNDUSTVY 142 17.5 m t 1000 Acma 50c 81 -0.5 676 #3.5 80.5 #0
      4,921 words
    • 900 21 Or Qt M Wt mm Lift Vtl Day LMt On#t# 0* Otv YM N#t Cap Av« HI» t— ttw c—m—t t#t» COOP) L— »nr»f cv M mwrifiwi— ,1- ,V M VS5W<1HMi 1 i' I "s, s isssa's.—sr 2. ~i s -g s r 3 ■s 4. K s» st
      900 words
    • STOCK EXCHANGE OR SINGAPORE
      • 381 22 Stocta 008 30.351.000 CK Tang 20c 28,191,000 Osprey M USIOOc 14.115,000 CKTang Wt99 13,920,000 DBS Land 12,274,000 SJnqTri 15c 12,165,000 SembCorpi 25c 8,641,000 Kcppci Land50c 6.979,000 PSC25C 6.844,000 KepTatlee Banfc 6.438,000 Stocks S OUB 158.191.100 OCBC Foreign 70,920,513 DBS Land 34,985.435 MS Foreign 34,798,450 SW 30,947,774 SJngTH15c 30,075.065 City Oev
        381 words
      • 662 22  -  STOCI MARKET COMMENTARY Players in trading mode; brokers say at cnrrent levels, the tendency is to err on the side of cantion By R Sivanithy RUMOURS of mergers, takeovers and a resurfacing of speculation that local banks are to merge their Local and Foreign
        662 words
      • ON THE GRAPEVINE
        • 62 22 AT least three companies are eyeing the highly lucrative gaming licence of listed Magnum Corporation of Malaysia. They are said to be companies linked to Lira Yan Hai's Bolton Properties, Lim Goh Tang's Resorts World and Lee Kim Yew's Country Heights. All three bidders are
          62 words
        • 128 22 GOLDMAN Sachs yesterday unveiled its top 20 favourite Asian stocks for 1999. In Singapore, they are Nat Steel Elec, OCBC Bank, Singapore Airlines and Singapore Press Holdings; in Hongkong, Asia Satellite Telecom, CDL Hotels, Cheung Kong Holdings, China Resources Enterprise, China Telecom (Hongkong), Dao Heng
          128 words
        • 95 22 ABN Amro Bank has been verbally mandated to lead the debt portion for new fixed-line and mobile phone licensee Star Hub Pte Ltd. It was awarded last week, says Basispoint, a newsletter which specialises in the Asian debt market It said the mandate to ABN surprised
          95 words
        • 62 22 DEUTSCHE Bank said it has appointed former IMF official Nissanke Weerasinghe as its chief country officer for the Philippines. He has sprat the last 16 years with the Fund, most recently, as its deputy division chief, Asia-Pacific department, based in Washington. Between 1993 and 1996,
          62 words
      • Article, Illustration
        79 22  -  By Ven Sreenhrasan THE Total Access Communications stock surged yesterday to close at US$2.6O in a wave of strong buying. The 42-cent rise was accompanied by heavy trading six million shares, which is three times the 10-day average for the Thai company. However, the counter is now deep
        79 words
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  • Page 15 Advertisements
    • 855 15 [3 AVIMO AVIMO GROUP LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Twenty-Fifth Annual General Meeting of Avimo Group Limited will be held at The Regent Singapore, Tanglin IV, Level 2, 1 Cuscaden Road, Singapore *****5 on Thursday, February 11,1999 at 11.30 a.m.
      855 words

  • Page 16 Advertisements
    • 213 16 -uur aaugnter was reunitea witn ner aog on the very day the ad appeared!" Mrs Christine Low... "Business picked up after we advertised in Classified. It really works!*! Trevor Koh... "It's no secret that The Straits Times Classified is the key to our success." Low Kok Meng... "We received quite
      213 words
    • 7 16 Takes you behind the news TheßusinessTimes SINGAPORE
      7 words





  • Page 21 Advertisements
    • 69 21 i Hello? I'm calling aboutN. /Gosh.you'reX f your advertisement in great, just l.ke Straits Times Classified. Straits Times Classified... I J tht d J I'm going to take real good J you still have the puppy... M described. care of him S —-SB I'll be right om!/ BuyiM OT Selling
      69 words

  • Page 22 Advertisements
    • 1889 22 BUSINESS Xot/CCS lo advertise call toll-free 1800-741 1883 THE COMPANIES ACT, CAP. SO SULTANA TIMBER PTE LTD (In Liquidation) At a general meeting of SULTANA TIMBER PTE LTD duly convened and held on the 12th day of January. 1999 the following special resolution was passed: SPECIAL RESOLUTION That the Company
      1,889 words
    • 320 22 TheßuhnessTimes C fl AYJO Shipping Times aS IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HYDRO EXPRESS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at No. 2
      320 words
    • 80 22 mm f and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's
      80 words

  • SHIPPING TIMES
    • 311 23 Reuters PANAMAX owners hiking rates for US Gulf cargoes prompted a stand-off last week with trading slowing significantly. BIPPEIi Futures continued to ease, encouraged by the Baltic Freight Index returning to its recent negative norm —it dropped a point to 791, Clarkson Securities said in its daily report.
      Reuters  -  311 words
    • 237 23 ■■mnwe jhi a w CWT Distribution -ftM -0.03 333 OMMRHut 0.6 -0.015 556 Cmco maastmant 0J* 0.0)5 101 FraMKUnta 0.185 -0.005 849 08 Holdings 0.415 -0.015 T7 Hai Sun Hup 0.9 0.03 3373 HttacMZaaan ___0.79 IMC HutfllHI HK 5.6 JayaHaMtngi 0.555 undi 204 Jurana SMpyard 7.*5 0.1 269
      237 words
    • 721 23  -  Greenpeace claims PAO Nedlloyd-owned boxship is 'toxic' By Marcus Hand [SINGAPORE] International environmental activists from Greenpeace staged their first ever protest in Singapore yesterday against a P&O Ned-lloyd-owned containership which they said was "toxic". The Encounter Bay was sailing into PSA Corp's
      AFP  -  721 words
    • 686 23  -  It's prepared to open Keeliing as an offshore shipping centre From P T Bangsberg in Manila TAIWAN is making new overtures to China intended to spur maritime business across the narrow strait, far from its potential because of political restrictions. Lin Feng Cheng,
      FILE PHOTO  -  686 words
    • 838 24  -  SHIPPING STANDARDS ABS supports the bedrocks of Safety, Quality and Environment ISM, ISO 9000 and the new ISO ***** Hy\ Robert Somerville Beneficial as the recent focus on the ISM Code has been, it should not blind any of us to the underlying trends shaping our
      FILE PHOTO  -  838 words
    • 234 24 PAGE Oongnama 3 ACL 6 ECU l 6 AMI 3 ECt 5 Accord 8 6 Appenvhip 5 8 Austral 8 GLink 4 Shji-j 4 Gemartrsns 8 B j A 7 HaiSunHup 8 B'tanq Mas 8 7 CCNI 7 3 CMA 8 Hwng-A 4 COSCO 5 H rw*i*
      234 words
    • 16328 31 THEBUSINESSTIMES EXPORT ETA ETA Atfvaftisar Vrssal Voy aga T*apf>ona ETA ETA Advart.sar Vassal Voyaga Taiaphona SIN Dast'n Nam* Nama Num&ar Numbtr SIN Dastn Nam* Nama Numbar Number 30/01 19/02 Safmarlna OSAKA *420F *5-*****55 To ABU DHABMAUH) 2004 U. A. Emirates 01/02 oi/os secil secil kiaat ooz t5 JT771
      16,328 words
    • SHIPS IN PORT
      • 895 35 Vessel Voy No Berth Arrival Departure ■ii m D«Mtot V0OI J» aoogsida 12.06/1200 MMm mom J12 aMngsrie 12 06/1000 Aqua Luckf 0V96* J02 aoogudt n.06/2000 tw Cignu li t J15 aongsnJa n 01/0700 MI NrUu *****9 JOI awngsida H01/2200 M &unun«tM OlOm Ml aaonqsida n 01/1400 H Nat
        895 words
      • 1859 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balanct Rjtli Ship Voy No Etb/Btr Ported From To From Act 12/94 I4/12M U n/1500 V*54 VHM vhm v*5i n/noo U ll/TTOO t2/0451 12/0100 21 1/1700 12/0459 12/0*00 12/0700 12/1H1 12/M00 4 12/1200 12/1459 12/1700 taNKra 020* 12/H00 tt VHOO
        1,859 words
      • 224 35 Jan 15 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: Hari Raya Puasa. Jan 20 Brunei: Hari Raya Puasa. Indonesia: Hari Raya Puasa.
        224 words
      • 837 35 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
        837 words
      • 369 35 Crtoofl 180 Max 991.0 3.9 15.4 0.15 78 0.07 °2Z!l SotT" 5 «u u ti o.o7 z! o.o2 380 Mil 994.2 15 19.6 0.12 47 0.06 M/»r3 u/m m/m ww —wa He ibovt 635 12 1 5 0 0 0_ ISO/CiiMC Limits Spec E25 991 i!ij
        369 words
    • AIR % LAND TRANSPORT NEWS
      • 526 36 Cockpit voice recording confirmed pilot had complained of poor visibility Reuters [BANGKOK] The pilot of a Thai Airways jetliner which crashed in December said he was unable to see the runway at an airport in southern Thailand during two attempts
        Reuters; FILE PHOTO  -  526 words
      • 105 36 AFX Asia [MANILA] President Joseph Estrada has suspended the construction of a passenger terminal occupying part of the Villamor Airbase area to review its possible transfer to Sangley Point in Cavite province, a presidential statement said. "The President directed the suspension of the construction of
        AFX Asia  -  105 words
      • 243 36 AFP [BANGKOK] The European Union unveiled a US$34 million (Sss7 million) partnership yesterday with Asia's aviation authorities aimed at improving the industry's chequered safety record in the region. The scheme will focus on air-worthiness of planes, air traffic management
        AFP  -  243 words
      • 191 36 Sate of 110 yen to US$ unlikely to have impact on earnings Reuters [OSAKA] Honda Motor president Hiroyuki Yoshino said yesterday the company would maintain its independence, reiterating an earlier denial of media reports that Ford Motor Co was preparing to buy a
        Reuters  -  191 words
      • LOG Book
        • 83 36 AFX-Asia [HONGKONG] Jet Air International Group Ltd said there may be a change in its controlling shareholder due to the exercise of rights given to a financial institution. The company said its chairman, Kam Ching Yu, pledged a total of 45 per cent of
          AFX-Asia  -  83 words
        • 57 36 Reuters [WASHINGTON] Some smaller jets could be forced to stay on the ground unless they pass urgent engine tests ordered by the Federal Aviation Administration on Friday. The FAA said its action was prompted by three reports last week of in-flight engine shutdowns
          Reuters  -  57 words
        • 34 36 AFP [BEIJING] China's Hainan Airlines has signed an agreement for a 6.5 billion yuan (SSI.3 billion) credit line to fund its fleet expansion, the China Daily reported on Sunday.—AFP
          AFP  -  34 words
      • 426 36 Bridge News [DETROIT] DaimlerChrysler chairmen Robert Eaton and Jurgen Schrempp, speakers at the Automotive News World Congress, on Sunday confidently predicted the company will be a technological and innovative product leader well into the next century while competitors will have to work to keep
        Bridge News  -  426 words
      • 1830 36 CITY FUCMT ETA FLIGHT ETD SO 2001 0935 W6373 2355 AJaiaMo B* 7 301 1930 BA7382 2050 Jgg Jfi 2 oni 1930 Of82 2050 W4578 *50 LH779 2359 AN8229 2230 S***** 1650 N***** 2359 LH6380 2230 JMO S***** 2359 S0229 2230 1 Amsttrdan *1843 0540 GA972
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  • Page 23 Advertisements
    • 21 23 Balancing risk and reliability ABS supports the bedrocks of Safety, Quality and Environment Page 2 Sales report was not available yesterday.
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    • 512 23 Chris Jones, general manager international shipbrokers Simpson Spence Young (SSY), has been promoted to their partnership with immediate effect. SSY MM was established in 1880, and has offices in the world's major shipping centres, and is the largest independently owned shipbrokers in the world. Saliya Aannda Senanayake has been appointed
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    • 81 23 Thai pilot couldn't see runway before crash Cockpit voice recording confirmed pilot's complaint Back Page Chua Chor Teck Memorial Lecture 13th Annual Lecture "The Crisis in Asia and World Shipping" by Mr Jarle Hammer Director of Research Fearnleys A/S, Norway at the Main Lecture Theatre 1 (MLT 1) Singapore Polytechnic
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  • Page 24 Advertisements
    • 774 24 SUPER SHUTTLE EXPRESS I lIOWF KARACHI IXH»S (QWQ 1 VKSfI VOYAGE m sw wssa vor «a omn pan imp kar coi pro sm 00C1MPAN 24WSS1 23/12 10/01 SANTA ISAROU Oil 14/11 IS/12 10/12 »/ll «/U 24/12 01/01 07/01 OOaOONA 20W552 30/12 17/01 OOCI RRfTAJN 21WS01 06/01 24/01 PiO KDUOTDIAMUM IX
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    • 678 24 L"hes services represented b V MemOers of the Registry of Accredited Shipping Agents >BSiijy Singapore Shipping Association Members of the Singapore Freight Forwarders Association. <X>NTMNERSCONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETATO. ETA SIN ETA MALE Privem Llfy V»lt» 14/11/ M 15/11*9 24/91/99 Prisms Life VIM 94/K/99 IU&19 ii/Wn LILY MARINE
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  • Page 25 Advertisements
    • 1110 25 Va I SAX SERVKE (DIRECT) I Ivissa voy sin* lux lokl cm I hou cw Ica w m kk in r.rnmn oon 13/01 28/01 02/02 02/02 03/02 02/02 03/w 03/02 04/02 04/02 llftMß 0081 20/01 "04/02 09/02 09/02 10/02 09/02 10/02 10/02 Jj/02 U/®L_ AfinjRQUOCE 0221 27/01 11/02 16/02 It/02
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    • 1803 25 HANJIN SHIPPING HANJM SHIPPING (S) PTE LTD I* //Wot. cm lOOIING ********** SALES *****24 731 DOCUMENT 32*0771 774 OftUTKWS 37*0741 757 MAIN UK *****55 FAX 777*40 O 11 *****0000N TO NW USA CANADA USA CANADA* 'fwvu/voy IMMI SM UNlhaul/voy sET] Sw o« poi 0« MP m DTT S St m
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  • Page 26 Advertisements
    • 1361 26 DSR-SENATOR UNES TO UK/CONTINENT TO MJKtirIiarcRANEAN/CANADA VESSfI VOY r'si'w L£H IH )W HW W FU VtttfL W SHI BIT Oft FOS W.C Mm CHOYANG ATLAS WWM "iTF "SjT 20 01 *7 01 »01 ZMI JAMM SENATOR WM9O4 07 01 20 01 20 01 *01 TRAOC MAPIE WQ9O4 00 01 20
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    • 748 26 m. AM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC p. gudanq:(o7) 386*728 -KvV-'J OR NOi 16D08T*****B S»U: (064)*****9 MAMLA: (632) *****24 V W PENANG: (04) *****36 BANGKOK (M 2) *****67 SURABAYA: (31) *****0 RKELANQ: (03)*****77 JKT. (21)*****67H0N: (61)*****3 KU06WQ(062)*****1-3 BARCELONA SURABAYA MV "PONL JAKARTA V.8526 MV KOTA SURIA"
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    • 547 26 UNE sy mi 2M3456 PAX: *****11 MUARA LABUAN vßsa voy rro ra vksb vor itd ra SPOKf KUAftA SPOtl UN STUITSHOPI VOU/99 IS/01 11/01 STRAITS HOP! VOII/W IS/01 10/11 (MAMA JMO-32 VO2l/90 11/01 21/01 (AftMAJM-32 VOS/W 11/01 21/01 JPtOVB VOII/W 20/01 25/01 STRAITS HOPE VO2I/09 24/01 30/01 STMJTSHOPI VO2I/W 24/01
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  • Page 27 Advertisements
    • 1277 27 |VEB»EL VOY SIN PKQ PEN PQB DUB DAM BHJ BA BIK IRAN TABATABAEI PJLI33I 28/01 04/02 07/02 03/02 05/02 07/02 IRAN TEYFOiIRI PJLI32B 06/02 16/02 19/02 16/02 17/02 19/02 IRAN BAKERI TBN 13/02 23/02 26/02 22/02 24/02 26/02 IRAN SATTARI TBN 20/02 02/03 06/03 01/03 03/03 06/03 [IRAN TAKHTI TBN
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    • 2636 27 IWi<« Weakly to E«rop» Main Parts 1 Eviry Monday mni Saturday I Difct to Bf—nhav in 20jaytJ SINGAPORE'S GENERAL AGENTS: 6 SHHfTON WAT IE: 226 1900 FAX: *****08 OUTWARD (l/l) "TTOSMT" >OHO*lWKl: I COSTAR SHIPPING PTE LTD OWMDISILDG SAIIS/IKGS *****57/60 INWARDDEPT (0/0) *****8S COSTAR AGENCIES (M) SDN BHD CI NO:
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  • Page 28 Advertisements
    • 1324 28 EUROPtAJK/SCAWOIHAVIA^INOMD/RUSSIA fsGPI ROM ANW HBG THP ZEE IHV LHW TMP ROM ANW H6G PKL SGP E DELUXE RW-606 17*1 05/02 06/02 OM2 09/02 10/62 E RACER RE 017 17/12 10/12 16/12 20/12 22/12 1W E. DELIGHT RW-Mt 24AM 12/02 17/02 13/02 15/02 16/06 17/02 E REPUTE RE 025 24/12 27/12
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    • 1090 28 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street #12-00, PIL Building, Singapore *****0 LhZ TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR WO. **********0E OPERATIONS: *****6 CV *****05 BANGKOK JAKARTA (W«rtly i Slg» Mil ft Sl|» LCH/1 Sl| BUT) (8 tollli|VWm) VESSEL VOY SM BKK VESSa
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    • 602 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissa vot iw fui mn nn cn ta MANttl PRINCESS VO76S 19/01 02/02 05/02 04/02 NAMUIQUEER lm 24/01 ~04/W~ 01/02 11/02 12/02 15/02 MM DRAGON >01 IS 06/02 IS/02 19/02 22/02 23/02 WimrttNQ Y.027S 14/02 27/02 02/03 03/03 NAMUI VENUS VO32S
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  • Page 29 Advertisements
    • 442 29 BSfl ii. MYANMA wBBk FIVE STAR LINE (MyoiiMor Natioial Line) Loading for Yangoi (Rangoon) vessel voy sin nil mm pgu smwi I3W su> DAWfI I*l SID MAUTSU AGfNTS: BOUSTIAD SHIPPING AGEMCIES KUL m (03)*****00 PKL TU (03)376*101 Pl* Til (04)2****** PGU*. TIL (07| *****21/4 BANK LINE (A strvict of Andftw
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    • 1279 29 HMNE* HYUNDA^AERCHANTJWARINECOj^TD^^^^^^ Ivtssa VOY |SM SOU W NTH ANT HAM 18V FH. IVtSSB VOY I SOU lfl< RTM ANT HAM IRV ~K[~ SM MYIAMN 317W 14/01 01/02 06/02 03/02 04/02 MX BIS 0061 26/12 25/12 20/12 22/12 12/01 MX Htm 011W 15/01 06/02 05/02 31/01 02/02 B* SS« 21/12 26/12
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    • 1244 29 4 norwggion specorfizecJ oukxorrwi ©ggoe ro H«tra m!lSw!iM*iu Lina> -i«o »u»tun aivraVKStt VOY RAMP HEIGHT iIH LAX CRL NUA SAV OAL ORF I NYC I NEW IMM TAMPA F902 400 Tarn U7oT W/02 WO2 21/02 23/02 25/02 26/02 27/02 04/03 07/03 TALABOT F903 400 Tom 6.3 M 2S/01 22/02 02/03
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  • Page 30 Advertisements
    • 702 30 BAMOKOK/ MAP TA PHOT/ LAIM CHABANO| JA K ART A/PAH JANO VESSEL VOY SIN BKK MTP LCH VESSEL SIN JKT PJW XETHA BHUM 266N ~n Pt 18/01 15/01 ANRO QOWA* 067 In PI 18/01 KOTA RATNA RNAOBI 13/01 18/01 OURU BHUM 112S 13/01 17/01 NAWTA BHUM" 428N 13/01 18/01 17/01
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    • 533 30 '•s-HHB INDONESIA NATIONAL LINE yft VOT I''"'wtl I A'ftAH/rPAN r»U«<r ItUMN «ITWt«r vtsm I 11/11 I ts/w 10/w OWT n/n TO AUSTRALIA FULL CONTAWER SERVICE VS. VOT ITK SM I ftl 1M STD MB. K* IMHI FB AWIVWT tw m/II u/II M/ii w/»i >i/w H/n nm mmmut m n/»i n/»i
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    • 916 30 VESSELS VOY SW I PKL I MLA LEH RTM HAM I ZEE I BQT VXEOCVWQO 829H IZQI 13AM 25/01 Ql/0B Q2AC OQWB OMB V>J-E OS VELA N2BW I*ol aVOI Q2AB QUO 2 1 (VO2 IUB 13W2 14^2 VXEOE SHANGHAI H29W 28/01 27/01 OMB IVO2 IMB 17/ OB 19W2 2^02 \fILLED-OWON
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  • Page 31 Advertisements
    • 42 31 Nkw Advertisers/Services/ Agencies Norasim 1$ Now with Barwil Agencies on Page 7 New Service to Calcutta/Haldia w W SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) W' New Servicaft® Middle fast War^adfhes DIRECT SE^jrlCE to Calcutta £L r 1 Shipping Page 12 (Mon/Wed/Fri) a
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  • Page 33 Advertisements
    • 51 33 VaTal STitfl Dial 740-6000 on demand (Retrieve more schedulesl) Press-r JpV Select the port and key in SKI the four digit code —eg: To New York (NYC) 2275 m sr£) Key in your fax number your phone number Another innovative service offered by The document Will be Shipping Times s
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  • Page 34 Advertisements
    • 143 34 l FREE Reader Enquiry Service cut out and Fax to 65-*****29 N Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
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  • Page 35 Miscellaneous
    • 130 35 LEGEND: R Thunderstorm Temperoture o Q •y Shower Weather Wmd direction with speed m knots Rom Cloudy Sky Wov he, 9 hf or "Atottd by arrows wkidi fly with the wind W O"* ,u circle represents calm or light and variable wiryfe i—.. One hoH Heche represents 5 knots L_».
      130 words