The Business Times, 15 January 1999

Total Pages: 52
1 52 The Business Times
  • 12 1 The Business Times 04j|12/98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, JANUARY 15, 1999
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  • 64 1 □m 147U9 (-29.67) bt-su •06J1 (-18.02) 9MSCIFUTURES ***** (-5.78) WS% HAKKETHOOD: B Mixed STOCK MARKET INDICES Thursday Change KLSK COMP MJ4 *79 NIKKEI IJ,7J8L8§ +336JM HAN08KNG 11,***** 99.94 SET INDEX 389J9 +138 JAKARTA COMP _40ft» lOiS MANILA COMP __2,M028 -194.12 TAIPEI WPI &241JS2 -78L92 SEOUL OOMP 694.42 -28.81
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  • 73 1 FOBEX BATES us$ s$ US$ 1.682 S(USt/SSper£) IJM 17*8 EL'RO(USS/SS per K) 1.164 1J57 DM 1.681 1.001 YKN 1114 1.484 KM MM (449 HKS 7.747 UI7 BAHT— UM 0.944 RUPIAH a?00 0.119* 'Stmmwitu FMME1ATES SINGAPORE* 5.91 KUALA LUMPUR 11.S0 JAKARTA 28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 102S TAIPH MM
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  • 908 1  -  European stock markets surrender early gains; Asian bourses calm By Larry Wee aruiß Sivanithy [SINGAPORE] Early signs of European share markets weathering the Brazilian crisis evaporated in the afternoon yesterday as a slide on Wall Street in the morning unnerved European investors. Although there
    AFP; Source Bridge  -  908 words
  • 121 1 Bloomberg [NEW YORK] Wall Street continued to be unsettled by the crisis in Brazil yesterday morning, falling 118.89 points to 9,230.67 by Ipm EST. Adding to the selling was nervousness over corporate earnings and high valuations. Analysts said the Dow's drop was a sign
    Bloomberg  -  121 words
  • 676 1  -  The CDL lawsuit By < Corinne Kerk [SINGAPORE] Void areas within a bungalow are included in the terms "built-in" and "built-up" area, the court heard yesterday in the ongoing trial involving listed developer City Developments Ltd (CDL). So the second
    676 words
  • 607 1  -  14,452 units sold; foreigners account for only 2% of value From Ruth Wong in Kuala Lumpur A TOTAL of 14,452 units of properties worth 3.8 billion Malaysian ringgit (Ssl.7 billion) were sold during the month-long Home Ownership Campaign, giving Malaysia's
    607 words
  • Page 1 Advertisements
    • 135 1 DIHIPE The Stock Exchange of Singapore has nude its rules regarding voluntary delisting more transparent in the wake of the proposed takeover of computer software company, CSA Holdings, by US giant Computer Sciences Corp, Ff U JIG Mi Jurong Town Corporation yesterday offered $300 m of 10-year bonds and doubled
      135 words
    • 46 1 More reports, Pg 4 Brazil devaluation not surprising, Pg 8 Will Natsteel make a provision for stake in Acominas? Pg 11 THE WOLVES ARE OUT. A STORM IS BREWING. And it's only 10 a.m. I. JHKHftII 'While so-o cfc s lost. Limited to one per person.
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    • 36 1 EXECUTIVE UFBTOf, MONEY UNIT TRUSTS: Top 10 performing funds, EH 16 PROPERTY: First timers take the plunge, EM 13 I jjF I The culture of fitness,EL I How are high-end I n|e restaurants holding up? ELS
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  • SINGAPORE AT HOME & ABROAD
    • 555 2  -  It doubles allocation to retail investors who can bay them through ATMs W Wong Wei Kong THE timing could not have been better. Just when the stockmarket is turning jittery, Jurong Town Corporation (JTC) yesterday offered $300 million of 10-year bonds
      555 words
    • 282 2  -  EYE ON THE ECONOMY Finance By i Clarissa Tan tl u BANK loans growth surged 7.5 per cent year-on-year in November to hit $152.47 billion, as assets of former national savings bank POSBank were included in the figures for the first time. Adjusting for the impact
      Source MAS  -  282 words
    • 332 2  -  Uy < Conrad Raj SINGAPORE will continue to be an important part of the international operations of the Bank of America despite its withdrawal from the retail sector here. Indicative of this is the promotion yesterday of Colm McCarthy to run
      332 words
    • 334 2  -  With ACS 9 new product, it costs $1.50 for 30-min call By 1 Toh Han Shih LOCAL firm ACS Innovations International, has launched an Internet telephony product that enables calls to be made to more than 50 countries at just $1.50 for
      334 words
    • 319 2  -  By- Annette Pan SPEEDLINE Technologies Asia, a unit of UK-based Cookson Electronics, has invested about US$l2 million (5520.2 million) in its new Asia-Pacific headquarters here. Speedline makes equipment for the printed circuit board assembly and semiconductor packaging industries. Located in MacPherson, its new 25,000 sq
      SIEW YAW HOONG  -  319 words
    • 553 2  -  But Mitsubishi Chem pulling out of planned second venture By. Ronnie Lim A JAPANESE chemicals manufacturer is set to invest in its second plant here, even while another will withdraw from a planned joint venture project due to the regional crisis.
      553 words
    • 590 3  -  About 60% of 455 S'pore firms polled expect new orders to rise or be maintained By* Anna Teo BUSINESS sentiment seems to have picked up, going by a recent survey by US business information company Dun Bradstreet. About 60 per cent of
      590 words
    • 322 3  -  By) Rahita Ellas SHROOMS that is the name of the restaurant which is taking over the space that Stars Restaurant Cafe left vacant at Chijmes. The new cafe-cum-bar-bis-tro had kept a tight lid on its name as a sort of publicity gimmick. It
      SIEW YAW HOONG  -  322 words
    • 369 3  -  8 oat of 21 lots sold, with others under negotiation By David Boey KNIGHT Frank's first property auction for 1999 rewarded several patient home-buyers who did their homework with good buys, with some homes sold at a 40 per cent discount to prices
      369 words
    • 586 3  -  By. Marissa Chew THE region's economic woes have hurt the exhibitions industry here and the number of exhibition participants are expected to continue falling this year. But some organisers believe the crisis may well prove to be a blessing. "For the exhibitions industry, most contracts
      586 words
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  • BRAZIL IN CRISIS
    • 638 4  -  But any farther devaluation could spur capital flight from emerging markets analysts From Neil Behrmann in London THE Brazilian crisis should have a limited impact on global markets provided it does not spread to the rest of Latin America. But the
      638 words
    • 426 4 Mexico may suffer contagion but not too severely Reuters [MEXICO CITY] Brazil's currency woes could force Mexico to endure the same kind of hangover its own Tequila Crisis gave to other Latin Ameri- can nations back in 1995, economists said on Wednesday. Mexico can expect soaring interest rates, a weaker
      Reuters  -  426 words
    • 48 4 SAO PAULO] Stock traders on Wednesday screaming at the opening bell at the bourse in Sao Paulo, after trading was delayed for more than an hour. The Bovespa market plummeted 10 per cent at the day's open, causing an immediate halt in trading. REUTERS
      REUTERS  -  48 words
    • 584 4 But Bangkok says it may pat off global bond issue again Reuters [SINGAPORE] Asian governments put a brave face on the latest threat to their emerging markets yesterday, voicing confidence that the Brazilian contagion could be contained. Japan, South Korea, Thailand and
      Reuters  -  584 words
    • 785 4 Others have failed in trying controlled devaluations Bloomberg [SAO PAULO] Brazil's currency may tumble further in coming weeks, amid growing scepticism that Wednesday's move to weaken the currency will be enough to bolster investor confidence. "Today is the great test for the
      Bloomberg  -  785 words
    • 189 4 AFP [BUENOS AIRES] Argentina has no plans to devalue despite economic turmoil in neighbouring Brazil, Rogelio Frigerio, economic planning secretary of the Economics Ministry, said on Wednesday. "Argentina will not vary its peso-dollar parity for anything in the world," he said. "While there
      AFP  -  189 words
    • 426 4 Reuters [CARACAS] The long-feared currency devaluation by Brazil made little mark on Wednesday in Venezuelan financial markets as their honeymoon with president-elect Hugo Chavez continued. Venezuela's bolivar currency, perceived by many as now the most vulnerable in Latin America, closed barely changed at 567.75/568.75
      Reuters  -  426 words

  • ASIA'S ECONOMIC SLUMP
    • 736 5  -  Nikkei backs Brazil-induced global trend to end higher From Anthony Rowley in Tokyo THE Tokyo stock market yesterday took on the unusual role of being an island of hope in a sea of turbulence as the Brazilian crisis pounded other markets, prompting speculation
      AFP  -  736 words
    • 372 5 AFP [BANGKOK] Thailand's debtladen banks face D-Day today when they must meet a deadline to submit recapitalisation plans to the government or face state intervention. The crippled banking sector is submerged by 2.2 trillion baht (SHOO billion) in non-performing loans according to official
      AFP  -  372 words
    • 318 5 Govt's reluctance to boost money supply could backfire AFP [HONGKONG] Taiwan's economy risks falling into a damaging debt deflationary spiral unless the central bank acts rapidly to boost money supply, Morgan Stanley warned yesterday. Emerging markets specialist Ajay Kapur said most Asian countries' vulnerability
      AFP  -  318 words
    • 180 5 AFP [HONGKONG] Hongkong may be forced to revise downwards its medium-term growth forecasts due to the severity of the current recession, Chief Executive Tung Chee-hwa told legislators yesterday. The current forecast, made last October, is for growth to average out at 4
      AFP  -  180 words
    • 423 5 GDP forecast to shrink by 6.6% in 1998,0.04% in 1999 Reuters [KUALA LUMPUR] Malaysia's steep economic downturn is expected to bottom out in 1999 as a government recovery programme takes hold, economists said in a Reuters poll. Economists from 10 research houses
      Reuters  -  423 words
    • 483 5 Moves to shore up currency board system paying off Reuters [HONGKONG] The Hongkong dollar peg is in better shape to withstand any attack sparked by Brazil's currency crisis five months after nearly buckling under a frenzied assault, analysts said yesterday. "Hongkong has
      Reuters  -  483 words
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  • SOUTH-EAST ASIA
    • 609 6 ANWAR'S TRIAL Ruling for focus to be on corruption comes after charges were amended Reuters [KUALA LUMPUR] Forget the titillating testimony about a semen-stained mattress, secret trysts in a suburban flat and a homosexual slave. The judge in the trial of
      Reuters; AFP  -  609 words
    • 252 6 KUALA LUMPUR AFP THE trial of sacked Malaysian deputy premier Anwar Ibrahim was adjourned for 12 days yesterday so his lawyers could review their submission after sexual misconduct and sodomy evidence was struck out. Justice Augustine Paul ordered the evidence struck out following amendments
      AFP  -  252 words
    • 199 6 KOTABARU But he won't retire till growth, political stability return Reuters MALAYSIAN Prime Minister Mahathir Mohamad said yesterday that he foresaw a smooth transition of power to his deputy. But he said he could retire only after the political situation had stabilised and economic growth had
      Reuters  -  199 words
    • 154 6 JAKARTA Reuters INDONESIA'S Parliament has agreed to fine companies operating a monopoly by up to three times their annual profits and put the owners in jail, the official news agency Antara reported yesterday. "If they can't pay the fine they must take the substitute penalty,
      Reuters  -  154 words
    • 157 6 BANGKOK Reuters THAILAND'S Siam Steel Group has temporarily shut three factories in Samut Prakan in southern Bangkok after a row with workers over bonus payments, a company executive said yesterday. The factories were shut on Wednesday, she said. More than 500 workers in
      Reuters  -  157 words
  • Page 6 Advertisements
    • 160 6 SINGAPORE BUSINESS AWARDS BUSINESSMANCUF Presented to the most Its harder to ivJ 11WI Vlv K VV/ succcss The candidate TT I must possess integrity, M I business and financial v acumen, management there S d\\ the more medium-sized company reason to recognise achievers. jtjdfthrough entrepreneurial spirit and a Since 1985,
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  • CHINA-HONGKONG-TAIWAN
    • 574 7 THE GITIC DEBACLE Nam Yue declared insolvent: USs333m debt, U*****,000 cash reserves AFP [HONGKONG] A third Guangdong company has been added to the list of insolvent state-backed firms that sparked a major alert over the financial health of Chinese enterprises. ,China-related stocks
      AFP  -  574 words
    • 472 7  -  Change marks rethink of strategy, not short-term goal Lu Ning [SINGAPORE] The orientatiqjj of the Chinese long-term grvwth strategy has now shifted from a focus on exports to one that would depend largely on its domestic market, said a senior
      472 words
    • 724 7  -  LETTER FROM HONGKONG Indecorous practices reflect competition gone out of control By Quak Hiang Whai IF YOU still don't know who Teresa Zhang is, you haven't been in touch with the real Hongkong. This wide-eyed socialite now commands more media attention than many of the most
      724 words
    • 165 7 SHANGHAI Reuters CHINA completed an estimat'e<t3so million sq metres of urban residential housing last year, up 10 per cent from 1997, thS official International Finance News said yesterday. China made housing construction a priority last year In a bid to spur economic growth. The
      Reuters  -  165 words
    • 200 7 BEIJING Reuters CHINA'S war on corruption has saved the government 4.7 billion yuan (551.02 billion) in losses as police crack down on extravagance and waste among the bureaucratic elite, state media said yesterday. A new management system for mobile and home telephones, long
      Reuters  -  200 words
    • 595 7  -  Republic more coordinated: new commerce body chief From Loh Hui Yin in Hongkong SINGAPORE is winning the publicity battle in its ambition to be the region's pre-em-inent business centre while Hongkong's competitiveness is beset by some inhibitive policies and lack of coordination
      595 words
    • 412 7  -  From Loh Hui Yin in Hongkong CHIEF Executive Tung Cheehwa has announced a major review of the civil service, whose esteem has been dented over its management of Hongkong's economic crisis and some major public issues. The thrust of his four reforms
      412 words
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  • EDITORIAL & OPINION
    • 863 8  -  THE BOTTOKLDVE OPINION By Shahiron Sahari The writer is a Sydney-based journalist who contributed this article to BT IF anyone doubts that sports is big business, he should look at the cascading effects of Michael Jordan's retirement Fortune magazine last year estimated
      863 words
    • 94 8 'I'm very afraid a point of no return has been reached. It's the big, bad crisis.' Charles Wyplosz professor of economics at the Graduate Institute for International Studies in Geneva, on the Brazil situation. 'Isn't it touching that they think we are so under control? But every
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    • 595 8 EDITORIAL AUSTRALIA'S decision to revise its policy on East Timor and back self-de-termination for the people in the province should not have come as a surprise to Indonesians. Certainly, pressure was building up in Australia for years for a change in policy. The expatriate Timorese community
      595 words
    • 1294 8  -  IMF bailout let Brazil cling to overvalued currency and rely increasingly on short-term loans By\ Michael Weinstein NYT BRAZIL'S surprise devaluation was anything but surprising. Devaluation has been predicted by many economists even after the International Monetary Fund, backed by the US,
      NYT; FILE PHOTO  -  1,294 words
    • 891 8 As Myanmar dictators see tt WE do not read anything about Augusto Pinochet in Yangon. The editors of New Light of Myanmar, the stateowned, English-language daily, are careful about what they choose to publish. Justice catching up with perpetrators of crimes against humanity is not a
      891 words

  • ASIA
    • 332 9 TOKYO Reuters US Defence Secretary William Cohen said yesterday ""that a multibillion-dollar joint project between Tokyo and Washington to develop an anti missile defence sys- tem was no threat to China. Mr Cohen, winding up a visit to Japan, heaped praise on
      Reuters  -  332 words
    • 459 9 SYDNEY Bloomberg [SYDNEY] Australia's jobless rate fell to an eight-year low last month as a bigger-than-expected 53,600 jobs were added, capping the best year of job gains since 1995. The jobless rate fell to 7.5 per cent in December, seasonally
      Bloomberg  -  459 words
    • Article, Illustration
      81 9 [SEOUL] These South Korean students from the outlawed Hanchungryun were throwing leaflets near the house of former president Kim Young Sam in Seoul yesterday, when they were arrested. The leaflets demand that the former president apologise to the nation for allegedly causing the ongoing financial crisis, and callfor
      REUTERS  -  81 words
    • 503 9 TOKYO Figure likely to stay high amid limp growth, aggravating US-Japan tensions Reuters JAPAN'S trade surplus is expected to hit a peak this business year and stay stuck at high levels as limp growth at home keeps demand for imports
      Reuters  -  503 words
    • 353 9 NEWDELHI Move will drain cash meant for firms' own growth: analysts Reuters THE Indian cabinet, moving to bridge a worrying fiscal deficit, on Wednesday encouraged a handful of cashrich state companies to buy part of the state's holdings in the firms.
      Reuters  -  353 words
    • 234 9 SEOUL AFP SOUTH Korea s ailing Cho Hung Bank has demanded massive state funds to support its recapitalisation before a merger with other institutions, officials said yesterday. Financial watchdogs said Cho Hung had asked for some 2.5 trillion won (553.6 billion)
      AFP  -  234 words
    • 399 9 NEW DELHI Groups allied to govt mount fierce revivalist drive AFP SIX years after they tore ~,,down an ancient Islamic shrine, Hindu zealots have re- turned to the centre-stage of Indian politics with a hate campaign against the Chris- tian minority. Hindu
      AFP  -  399 words
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  • THE WORLD
    • 406 10 Grouping agrees fluctuations between main currencies need to be limited, he says BONN Bloomberg THE Group of Seven industrialised countries is examining the viability of trading bands between major world currencies, in particular the financing of exchange-rate intervention, German Chancellor Gerhard Schroeder
      Bloomberg; REUTERS  -  406 words
    • 159 10 LONDON Reuters THE US Federal Reserve will remain the world's top central bank firefighter during times of crisis despite the emergence of the powerful euro zone, according to economists surveyed by Reuters. The European Central Bank will not be as
      Reuters  -  159 words
    • 253 10 WIESBADEN, Germany Bloomberg THE German economy grew 2.8 per cent in 1998, its fastest pace since reunification, even as analysts said Europe's largest economy was headed for a slowdown sparked by recessions in Asia, Russia and Latin America. "The outlook is bleak," said Christoph
      Bloomberg  -  253 words
    • 470 10  -  Parliament calls for setting op of independent panel to look into finances, frand allegations From; Shada Islam in Brussels THE European Union's executive arm, fighting allegations of fraud and financial mismanagement, yesterday escaped being censured by the European Parliament. Socialist members withdrew a motion
      470 words
    • 293 10 WASHINGTON Reuters US consumer prices barely gained in December, causing the government's main inflation gauge to end 1996 with its smallest annual rise in 12 years, the Labour Department said yesterday. The Consumer Price Index rose by 0.1 per cent
      Reuters  -  293 words
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  • Companies & markets
    • 612 11  -  Move comes in wake of proposed takeover of CSA by US giant Computer Sciences By Conrad Raj [SINGAPORE] The Stock Exchange of Singapore has made its rules regarding voluntary delisting more transparent in the wake of the proposed takeover of computer software company,
      612 words
    • 291 11 Bloomberg Reuters [SINGAPORE] Singapore Telecommunications Ltd said yesterday it is joining a Cable Wireless Communications pic global partnership that allows companies to call offices in various countries using a private phone network. Sing Tel said more than 60 per cent of 5,000 foreign companies
      Bloomberg; Reuters  -  291 words
    • 314 11 BRAZIL IN CRISIS Devaluation keeps real-denominated cost of its Acominas investment low [SINGAPORE] Nat Steel Ltd, which has a multi-million dollar steel investment in Brazil, yesterday said the immediate impact of a devaluation of the real is positive on the operating level. Nat Steel last
      314 words
    • 568 11  -  HOCK LOCK SIEW Lee Han Shih WITH Brazil tottering on the brink of a financial meltdown, it is titnely to take a good look at Singapore's biggest investment in the Latin American country steel maker Aco Minas Gerais SA, or Acominas in short.
      568 words
    • 451 11  -  Ban on sign-on fees stifles competition, they argue Wong Wei Kong (SINGAPORE] Most of the remisiers who had accepted sign-on payments to switch broking houses are back with their old firms, after the Stock Exchange of Singapore put its foot
      451 words
    • 149 11 [SINGAPORE] Ex-banker Simon Cheong has exercised his put option to sell a 5 per cent interest in the Paragon to Singapore Press Holdings, thus raising the media group's stake in the Orchard Road retail and office building to 80 per cent. SPH said wholly-owned
      149 words
    • COMPANIES
      • 476 12  -  Instant coffee maker tops actives list with 28m shares traded; analysts say small caps being ramped up IV Yen Sreenivasan [SINGAPORE] Cerebos Pacific has denied having any takeover plans for Super Coffeemix Manufacturing. Rumours that the maker of Brand's chicken essence would mount
        Source: Bloomberg  -  476 words
      • 222 12 [SINGAPORE] Printed circuit board maker Circuits Plus Holdings' initial public offer the first for this year has netted a whopping 133.8 times subscription for its public offer tranche at its close yesterday. The Sesdaq IPO, priced at 16 cents a share, will raise
        222 words
      • 316 12 Reuters [SYDNEY] The Australian Stock Exchange Ltd (ASX) yesterday issued detailed proposals for an enlarged All Ordinaries benchmark index, incorporating a two-tiered structure. "ASX proposes that a revised index be constructed with two pools of stocks, each having different rules," the ASX said
        Reuters  -  316 words
      • 569 12 Foreign brokers upgrade views on bank stocks as country moves to revamp industry Reuters [KUALA LUMPUR] Selected Malaysian banking stocks are fast gaining investors' favour with the gradual recovery of the embattled sector. Favourites such as Public Bank Bhd's foreign tranche have
        Reuters; FILE PHOTO  -  569 words
      • COMPANY Briefs
        • 83 12 [SINGAPORE] Sesdaq-listed electronics company, Goldtron Ltd, yesterday released a letter it had sent to the Stock Exchange of Singapore which provides a breakdown of the extraordinary items in its financial statement for the half-year ended Sept 30,1998. Goldtron said the $145,798 listed as an extraordinary item
          83 words
        • 46 12 [SINGAPORE] Mainboard-listed Electronic Resources Ltd said yesterday that Ingram Micro Singapore Inc's stake has risen to 59.88 per cent of its share capital after the latter bought 29.85 million shares at 551.95 apiece. Ingram Micro now holds 141.84 million ERL shares.
          46 words
        • 49 12 [HONGKONG] China-backed computer d istributor Legend Holdings Ltd will announce its results on a quarterly basis to Increase transparency, company chairman Liu Chuanzhi said. It will issue its first quarterly results announcement the first by a red chip company, before the Chinese New Year.
          49 words
        • 68 12 IHONGKONCi) Hong Kong Cable Television has formed a new unit for multimedia service development. The unit will spearhead the Wharf unit's exploration of new business opportunities for multimedia services. It has appointed Daniel Ng, ex-president of Star Internet, to head the new unit. Star
          68 words
      • 686 12 Pace will be slower than in recent rally; fund managers still wary of sadden market swings AFX-Asia {SINGAPORE] Net innows of institutional funds into the Singapore stock market are expected to continue this year but at a slower pace than during the recent rally, fund
        AFX-Asia  -  686 words
      • 352 12 Bloomberg [JAKARTA] PT Astra International. Indonesia's biggest carmaker, is proposing a partial payment of interest on about US$l.9 billion (553.2 billion) in foreign debt, seeking to break an impasse in its talks with creditors. Astra will also set up a special fund
        Bloomberg  -  352 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 582 13 Earnings in first quarter jump to USsls2m from USs47m as unit sales grow by 49% NYT Reuters {SAN FRANCISCO] A resurgent Apple Computer Inc on Wednesday reported its fifth consecutive profitable quarter. Excluding a one-time gain, Apple earnings exceeded Wall
        NYT; Reuters; REUTERS  -  582 words
      • 476 13 USsls9m earnings come amid improved Asian sales and smaller workforce Bloomberg [SCHAUMBURG, Illinois) Motorola, the No 2 maker of cellular phones, said fourthquarter profit fell a less-than-expected 60 per cent as it boosted phone sales and cut 2,000 more workers than planned. The company,
        Bloomberg  -  476 words
      • 263 13 Bloomberg (NEW YORK] After months of misery and sub-par returns for their investors, smallcompany fund managers are allowing themselves the first feelings of optimism. Managers of funds who invest in companies with market values of under US$l billion (Ssl.7 billion) are encouraged by the surge
        Bloomberg  -  263 words
      • 264 13 Reuters [TOKYO] Nissan Motor Co president Yoshikazu Hanawa said yesterday his company would give serious consideration to an equity tie-up with another automaker if one were proposed. He reiterated, however, that there were no negotiations at this time with another automaker
        Reuters; FILE PHOTO  -  264 words
      • 468 13 Kita Kyushu bays Sanyo Coca-Cola, US firm takes 5% stake in new entity Bloomberg (TOKYO] One of Japan's largest Coca-Cola bottlers bought another bottler for 78 billion yen (Ssl.2 billion) in a transaction brokered by Atlanta's Coca-Cola Co that sets the stage for consolidation of
        Bloomberg  -  468 words
      • 339 13 Marks Spencer revamps after sales drop Bloomberg [LONDONJ Marks Spencer pic, the UK's largest clothing retailer, said it will split into three divisions after Christmas sales fell below expectations, pushing forecast fullyear profit down more than 40 per cent. The shares plunged to a 5 1/2 year low. Full-year pre-tax
        Bloomberg  -  339 words
      • 334 13 NYT [SAN FRANCISCO) Advanced Micro Devices, a major rival of Intel Corp, reported fourth-quarter earnings on Wednesday that fell a few cents short of analysts' estimates. It was the company's second consecutive profitable quarter after it reported losses in the first half of
        NYT  -  334 words
      • 323 13 Other firms signal interest in defence electronics firm FT [LONDON) General Electric Company of the UK has told British Aerospace it must come up with acceptable terms by the end of this week if it wants to buy GEC's Marconi defence
        FT  -  323 words
      • 199 13 Reuters [TOKYO] The next president of Hitachi Ltd, Etsuhiko Shoyama, said yesterday the company was expected to announce several withdrawals from loss-making business areas by the end of this calender year. "We will review all of our operations to make it
        Reuters  -  199 words
    • FINANCE & COMMODITIES
      • 568 14 Flat loan growth, tighter margins, heavier provisioning for bad debt blamed Reuters AFX-Asia [HONGKONGJ Hongkong banks are expected to post an average earnings decline of 34.8 per cent for 1998 and a further decline in 1999, due chiefly to heavier provisioning for bad
        Reuters; AFX-Asia  -  568 words
      • 312 14 Morgan Grenfell Private Equity to focus on Europe Bloomberg [LONDONJ Morgan Grenfell Private Equity (MGPE), the venture capital arm of Deutsche Bank AG, is raising a new £1 billion (Ss2.B billion) fund for European buyouts as investors take advantage of restructuring
        Bloomberg  -  312 words
      • 181 14 Bloomberg [BOMBAY) Bank America Corp said it has gained approval to become the first US bank allowed to buy shares in Indian companies for its own account, about a month after it put its Indian branches up for sale. The bank was granted official foreign
        Bloomberg  -  181 words
      • 248 14 Bloomberg [LONDON] The International Financial Futures and Options Exchange (LifTe), Europe's second-largest derivatives exchange, said it traded a record daily amount in 1998, though it lost its dominance in German bund futures trading to Eurex, its Swiss-German rival. Liffe said it traded an average
        Bloomberg; FILE PHOTO  -  248 words
      • 273 14 Reuters (LONDON] Dutch investment bank ING Barings said on Wednesday its head of global equities Jeremy Palmer had resigned and chief executive David Robins would run the business on an interim basis until a new head was found. The announcement comes amid a structural
        Reuters  -  273 words
      • 481 14 Move to prevent similar mistakes as investment in LTCM Bloomberg [FRANKFURT] Dresdner Bank AG is revamping its risk management to avoid such mistakes as the investment in Long-Term Capital Management LP (LTCM), the US hedge fund that cost Germany's third largest bank US$l44 million
        Bloomberg  -  481 words
      • 160 15  -  Reports MSCI Singapore Index Bob Butcher THE wild ride the US market took overnight on news that Brazil was devaluing its currency had the MSCI Singapore Index on the defensive yesterday. The lead month January contract opened at 219.50 and sold off throughout the morning.
        160 words
      • 164 15  -  MSCI Taiwan fatnres Juliana Loo THE Simex MSCI Taiwan Stock Index Futures fell 0.9 point yesterday following news of devaluation of Brazil's currency, which is affecting the global financial market as a whole. The underlying Taiwan Stock Exchange Weighted Price Index dropped 78.02 points. Chipmakers
        164 words
      • 328 15 ENERGY REPORT Reuters [LONDON] Oil prices showed modest gains yesterday in technical trading, though analysts said a continued abundance of supply in heating oil and the prospect of warmer weather in key consuming centres could cause a relapse. International benchmark Brent crude's
        Reuters  -  328 words
      • 307 15 Reuters AFP London THE US dollar's battle to recover from jitters about Brazil suffered a setback yesterday after an international ratings agency downgraded Brazilian debt. Standard Poor's decision to lower the credit rating on Brazilian foreign-curren-cy debt by one notch fanned concern that Wednesday's devaluation of Brazil's currency,
        Reuters; AFP  -  307 words
      • Article, Illustration
        1232 15 HTERBAME CROSS RATES Jan 14 tf CS ta* Ur» Ffr P» NK$ md Is 8wp>ah Van Won H ICMlH Nio S$ tawd Sfr MT$ 8afct Hmt USS Australia 0.965 6.T78 0.544 3.567 1063 4.902 26.890 55.049 0.717 7.504 2.404 1.171 ***** 24.364 1.064 3.869 0.864 20.413 23.333 0284 0.633 Canada
        1,232 words
      • 1814 15 SICOM FUTURES Jan 14 RUBBER (futures closing m at 130pm) RSS1 c«itiAg) Ctolt VobMM Open Month Ntyi Low Sbtt (twwtt) hrtereit FrtW 120.00 120.00 120.50 275 «0 Mar 99 122.50 1250 Apr 99 126.25 275 May 99 126.75 225 625 Jun 99 130.75 275 Jul/Sep 99 132.00 132.00 133.75 75
        1,814 words
    • Article, Illustration
      1417 16 AFP f3 Hang Seng -90.64 HONGKONG share prices ended 0.9 per cent lower yesterday, paring early steep losses sparked by the Brazilian economic turmoil and worries over debt-laden Chi-na-related firms, dealers said. The key Hang Seng Index lost 90.64 points to close at 10,183.13. The value of turnover amounted
      AFP  -  1,417 words
    • Article, Illustration
      557 16 Reuters Shenzhen B Index -L 66 SHENZHEN'S hard currency B shares closed down sharply yesterday on worries over the debt of listed companies, brokers said. The B Share Index slumped 1.65 points, or 3.17 per cent, to 50.35 on turnover of HK$7.2 million against HK$4.3 million on Wednesday. Shenzhen's
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  557 words
    • 364 16 AFP □WP Index -78.02 TAIWAN share prices closed 1.2 per cent lower yesterday as the market was shaken by the Brazilian financial crisis, analysts said. "The Brazilian financial crisis has an indirect impact on Asia. Taiwan cannot be spared from being hit by the storm," said Michael Hsu at
      AFP  -  364 words
    • 2340 16 LONDON MMtrtah JmM Nace 31 Group. 605.000 -7.000 AB Ports 279.500 5.000 Abftey National 1258.000 -6.000 Allied Oomecq 49S.OOO -2.000 Allied Zurich 90.050 -2.500 Amec 17X500 unch Asda Croup 153.000 -6.500 BAT tad 634.500 4.500 BG Pic 409.500 29 250 B1CC 66.000 0.500 BOC Group 821.500 -23.500
      2,340 words
    • 1564 16 AFP PjHiktaafflS ♦33&2t JAPANESE stocks climbed 2.5 per cent yesterday, heartened by the formation of a coalition government in Japan and the dollar's steady comeback against the yen, brokers said. The lower yen pushed blue chips and exporters higher, and combined with a rally in the bond market to
      AFP  -  1,564 words
    • KUALA LUMPUR STOCK MARKET
      • 8542 17 NMMJf TRIALS Coniinr pnMi 1999 Last Vol Day Net Cap Mgh Lw C—p—» Wt 'OOP U» _W_W 300 292 Ajinomoto 300 16.6 121.6 83 76 Angkaaa 78 -I 75 78 77 115.0 283 255 Apolio Food Hlg 263 2 1 263 263 9.2 105.2 204 178 BerjayaLand 183 -1 185
        8,542 words
      • 407 17 AFP nComponte Index -0.7 MALAYSIAN share prices ended 0.1 per cent lower yesterday in moderate trade as institutional support for heavyweights pared sharp early losses. "Sentiment took a turn for the better when local institutions stepped in. Most blue chips came off early lows," a
        AFP  -  407 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1908 18 BONOS, LOANS VARIANTS m Last Val Oay Ouata A»g High Stno taW ««>0O> Ml* L«. -V 20.5 3 3W0 "Acar ******1USS IS *0.5 120 IS 14 15 15.5 95 4.5 3164 Acma ******4 23-5 *0.5 1022 24.5 21 23.5 24 23 3161 AltTach ******7 28.5 12.5 0.5 m 3003 Apollo
        1,908 words
      • 196 18 WARRANT WATCH AN incredulous dealer yesterday asked how it is that warrants issued by financially troubled companies could make it to the top percentage gainers list. One answer of course is that true to tradition, the retail player is always the last to
        196 words
      • 222 18 MOMKOM STOCKS Or Gr 52.Mli Laat Vol Day I-—* Ml O* »«< "C» Hl» I— ttno C«w—wy sm rOOO) H>» L~ Buyr *—f C* H W »W 5123 COt (2000) HK 400 8 2.4 2 20-5 7744.7 5124 Catftay P*c 20c HK—720 265 U M 6 *****.4 5125
        222 words
      • Article, Illustration
        668 18 AFP P Composite Index -1(X55 INDONESIAN share prices closed 2.5 per cent down but off their lows yesterday on a late rebound in Telkom and other big caps, amid concerns Brazil's devaluation and the weakening rupiah will derail the country's economic recovery, dealers said. "Indonesia is the weakest country
        AFP  -  668 words
      • Article, Illustration
        736 18 AFP H SET lain +L3B THAI shares yesterday rebounded from earlier jitters over Brazil's currency devaluation, ending up 0.4 per cent after a day of volatile trading, dealers said. "Investors have digested the Brazil crisis and are convinced that it will stimulate capital inflow into this region, and the
        AFP  -  736 words
      • 293 18 AFP n Manila -104J2 PHILIPPINES share prices plunged 4.8 per cent yesterday amid fears that the devaluation of Brazil's currency would spark a contagion effect on battered Asian economies, a dealer said. The Composite Index plummeted 104.12 points to 2,063.28. Turnover rose to 1.13 billion shares worth 2.24 billion
        AFP  -  293 words
      • 385 18 AFP P Composite Indg -28J1 SOUTH Korean share prices ended 4.5 per cent lower yesterday on worries over fallout from the Brazilian crisis, but managed to stay above the psychologically important 600-point level, dealers said. The Composite Index closed down 28.61 points at 604.42. Volume was 315.4 million shares
        AFP  -  385 words
      • 584 18 AFP QAD Ordinaries -17.2 SHARE prices closed down 0.6 per cent yesterday having recovered slightly after data showed unemployment at an eight-year low and the bond market turned around, brokers said. The All Ordinaries Index closed 17.2 points lower at 2,804.8. The All Industrials Index lost 12.6 points to
        AFP  -  584 words
      • 236 18 AFP □Wellington +439 NEW Zealand shares rose a modest 0.2 per cent yesterday, shaking off global financial jitters fuelled by economic turmoil in Brazil, dealers said. The NZSE-40 Capital Index ended up 4.39 points at 2,111.76. Turnover was worth NZ589.52 million. —AFP JhM <***" AN2 Banking 12.30 (inch 517
        AFP  -  236 words
    • 6647 19 Transaction date: Jan 14 j Gr Gr M Wt 52-WH Laal Vol Day Last Ouote Otv 01* YM Net Cap A»q Hlqfi Law StNa Company Sala I'OOO) High Law Buyar Seller Car P/t Smll p,k MUiTMNOUSTRY 142 17.5 mt 1000 AcmaSOc 81.5 -1.5 614
      6,647 words
    • 1337 19 Or Cr M Wt 52- Wk Last Vol Day Last Ouott ON Otv Yld Nat Cuf A»g High Law StNo Company COOOl H» U» l»l» «—r Cw W WW MANUFACTURING 243 30 t 2049 AS Auto IOC 113 -4 1185 116 110 113 115 15 N 7 1.3 10.7
      1,337 words
    • STOCK EXCHANGE OF SINGAPORE
      • 405 20 Stocks Votume S Coffeemix 5c 28.244,000 CMI Wt02 22.014,000 CK Tang Wt99 12.867,000 OBS Land 10,419,000 SembCorpI 25c 10,125,000 Compact 10c 9,747,000 Draco Wt02 8,740,000 Sin Soon H 10c 8,646,000 ST Engg 10c 7,688,000 CSA Hldgs 20c 6,990,000 Stocks _V OCBC Foreign 75,455,578 OBS Foreign 69,200.524 UOB Foreign 41,856,981 OUB
        405 words
      • 648 20  -  Analysts see corrections along the way bnt no collapses; small-caps continue to be in play STOCK MARKET COMMENTARY Hi) R Sivanithy AS expected, Brazil's financial woes dragged local stocks down yesterday but brokers said it was unlikely to cause the same widespread panic-sell-ing
        648 words
      • ON THE GRAPEVINE
        • 96 20 THE Official Receiver, that's the chap in the government who takes things from bankrupts and sells them so that their creditors can be paid off, said it has a Browse Grab counter which will be conducting retail sales today and tomorrow from 10am on the fourth floor
          96 words
        • 82 20 WITH the ongoing lawsuit between CDL and a buyer, it's little surprise that the word "area" is now treated with care in the industry. At yesterday's launch of Summer Gardens, a cluster housing project by the Kuok group, its marketing agent Edmund Tie was very careful
          82 words
        • 73 20 THE latest Far East group's newsletter contained a message from its chief executive officer Philip Ng. In it, he said: "I recall a most inspiring book. Built to Last, that gives studied accounts of great business organisations that have endured Ups and downs." One observer, looking at
          73 words
        • 85 20 WHAT'S hot in Indonesia these days? Microsoft SQL Server 7.0 is. According to the software giant, a standing-room only crowd packed the Shangri-La Hotel ballroom in Jakarta last month to catch the launch of Microsoft's new SQL Server 7.0. It also helped that the show featured "a
          85 words
        • 94 20 EVEN before Intel's Pentium II processor has reached saturation point, the chip giant has announced it will debut Pentium HI, a new line of high-performance processors that will "convey the most powerful personal computing experience for the next generation of the Internet". Intel said it
          94 words
      • Article, Illustration
        78 20  -  -By Wong Wei Kong SUPER Cofteemix Manufacturing shares rose $0,075 to $0.45 yesterday on a volume of 28.2 million shares, compared with its 10-day traded average of 1.5 million shares. The stock has hit the roof, going by the overbought signals emitted by the daily and weekly RSI
        78 words
  • Page 11 Advertisements
    • 78 11 r\ y in solid gold. Water-resistant to 150 m (about S<X) ft). Screw-locked crown and ca.se back. Folding bracelet clasp with double safety catch. Overseas. The world is yours. I VACHERON CONSTANTIN THF WORLD'S OLI)K.ST WATCH MANUFACTURER Geneva, since 1755 Authorised Retailers Cortina Watch Tel: 339 9'85 Roy Eaatern Watch
      78 words
    • 20 11 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service
      20 words

  • Page 12 Advertisements
    • 28 12 £l».-I£ir* i3sSSfif?s""* nr'ifiw -^•^S^* rt -fft MM II '"f > S2£ uki -^^fl^^T"' 11 "■«*»■wll- ——-Z_* e ,er 111 sr, ><- :>? 1 I ffn |^J Strait Talk TheßusinessTimes Shipping times
      28 words

  • Page 13 Advertisements

  • Page 14 Advertisements
    • 4 14 Excellence IS NEVER an
      4 words
    • 222 14 EXECUTIVE TIPS FROM JOHN SLEDG E R S How to succeed in business 1. Be energetic. Dedicate your time and energies to your work. Believe in yourself and your abilities. 2. Learn everything you can about the business you are in. Have a vision. 3. Flan. Visions require systematic planning
      222 words



  • Page 17 Advertisements
    • 212 17 NOTICE IS HEREBY GIVEN that I.TEO LAY BENG of Blk NOTICE IS HEREBY GIVEN that I, LAW HWEE CHING of 41 Teban Gardens Rd #10-352 Singapore *****1, have Blk 229, Jurong East, #06-701 Ave 1 Singapore *****9, applied for a Ist Class Beer House licence in respect of have applied
      212 words

  • Page 18 Advertisements
    • 195 18 NOTICE IS HEREBY GIVEN that LTay Aik Beng of Blk 750 Yishun Street 72 #04-152 Singapore *****0, have applied for a Wholesale Liquor Shop Licence in NOTICE IS HEREBY GIVEN that, I Lim Sern of Block respect of M/s SSH Marketing located at Blk 15 123, Simei Street 1, #10-394,
      195 words
    • 210 18 NOTICE IS HEREBY GIVEN that I, RAZALI BIN OSMAN NOTICE IS HEREBY GIVEN that I,TAN TIAN SER of Blk of 0019 Holland Drive, *10-425 Singapore *****9, have 377, Clementi Ave 5 #07-302 Singapore *****7, have applied for a Public House/ First Class Licence in respect applied for a Ist Class
      210 words

  • Page 19 Advertisements
    • 32 19 WHO is behind li dkmarsPint ft AN AUDEMARS PIGUET WATCH? Le ma ft re de I'lwrlogerie depuis 1875 If! i i 'j') l/iJ'MJSi la*. n w... ndf f t.-c> Koyat Oak Colkciion
      32 words

  • Page 20 Advertisements
    • 1538 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF the companies act. CAP. 50 AND IN THE MATTER OF MUTUAL TIES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened
      1,538 words
    • 165 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEXA INVESTMENTS PTE LTD I In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 15 February 1999 to send
      165 words
    • 478 20 In the matter of THK COMPANIES ACT, CAP. 50 AND In Ikt raattrr of INFORMATION PUBLICATIONS (DEVELOPMENT) PTE LTD (IN MhMBhRS VOLUNTARY WINDING- UP) At an Kxtraonlinary General Meeting of the Members of the ahovenamed Company July convened and held at 51 Anson Road. •02-s') Anson Cenliv. Singapore 07<W04 on
      478 words
    • 519 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BAKRIE METAL INTERNATIONAL PTE. LTD. (In Mtmbtri' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Wisma Bakrte. 3" 1 Floor, JL. H.R
      519 words
    • 487 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER Of PLASTON ASIA PTE LTD (Incorporated in Singapore) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of members of Plaston Asia Pte Ltd duly convened and held at 1 North Bridge Road. High Street Centre #18-06,
      487 words
    • 29 20 Reach your shareholders and potential shareholders by publicising your company's financial results in the newspapers. To advertise your NOTICES simply fax: 741 1298 or Call toll-free: 1800 741 1883
      29 words

  • EXECUTIVE Lifestyle
    • 1405 21  -  COVER STORY Working out at fitness centres is slowly becoming part of Singapore's corporate culture, partatbi kayak reports PARTATHI NAYAR THE PUSH to get fit is one of the few global trends that has consistently refused to go away. With little spare time, high stress levels and
      1,405 words
    • ENTERTAINMENT
      • STRAWS In The Wind
        • 68 22 IF THE crowds in Plaza Singapura are getting to you, just try running into the carpark. One perplexed motorist noticed a sign in an obscure corner which announced itself to be an "Area of Refuge". What kind of refuge could anybody get from standing against a wall,
          68 words
        • 69 22 MANUFACTURERS seem to be trying really hard to provide more information to consumers so that they can make informed choices. Either that, or they think consumers are total idiots. A label seen on an umbrella proclaimed it to be "100 per cent waterproof', while the instructions on
          69 words
        • 86 22 IT'S AMAZING what people remember when asked to give details about a familiar image. An advertising executive was trying to find out what the eyes of the once-popular computer game icon, Pacman, looked like. The responses he received included white eyes with black dot, black
          86 words
        • 27 22 OVERHEARD at Border's bookstore recently was an announcement to customers to please remove their bags from the floor, "including children".
          27 words
      • 594 22  -  CINEMA Instead of being played for laughs, Clay Pigeons has been turned into a drama that makes the viewer work too hard By\ Susan Tsang CLAY PIGEONS has a story-line in the darkest tradition of black comedy: a nice guy from a small town gets sucked into murder
        594 words
      • 722 22  -  COMPACT DISCS By, Andrew Lim Leo Delibes, Lakme Natalie Dessay, Gregory Kunde, Jose van Dam, Choeor Orch du Capttole e Toulouse/Michel Plasson, EMI *****02 0 (2 CDs) Donizetti, Lucia di Lammermoor, Andrea Rost, Bruce Ford, Alastair Miles, London Voices, Hanover Band/Charles Mackerras, Sony
        722 words
      • 601 22  -  THEATRE Action Theatre's Chang Eng exploits the theatrical nature of the musical genre to great effect By Parvathi Nayar Chang Eng is on at the Victoria Theatre unil Jan 31, Bpm daily (except Mon) plus a 2.30pm matinee on Sat and Sun. Tickets at
        601 words
      • 427 22  -  MUSIC By. Allan Kozinn NYT [NEW YORK) Plans for Carnegie Hall's third concert space, a flexible, technologically up-to-date chamber music hall scheduled to open during the 2001-2002 season, have been formally unveiled. The announcement was made earlier this week by the violinist Isaac
        NYT  -  427 words
    • VIEWPOINT
      • 745 23  -  Off the cuff So Mrs Tom Cruise undressed for her Broadway debut, eschewing celebrity status and movie star pay. But was there more in it for her than for the audience? by Jaime Ee I SAW Nicole Kidman naked on stage
        745 words
      • 684 23  -  BOOK REVIEW Intimacy By Hanlf Knrelshl F&ber and Faber 118 pages, $17.49 Reviewed by Chuang Peck Ming THERE isn't much sex in this critically-acclaimed novel, despite its title. While a man and a woman are involved, it isn't intimacy of the sexual kind that's
        684 words
    • PROFILE
      • 1306 24  -  Nobel laureate for literature Jose Saramago refuses to allow his powerful moral concerns to be muffled, says peter wise PETER WISE FT JOSE Saramago, the Portuguese novelist awarded the 1998 Nobel prize for literature, wants to stop the world for 50 years.
        FT; FILE PHOTO  -  1,306 words
      • 782 24  -  REAL ESTATE The surrounding community, outraged by the enormity of the building, is hoping to block or restrict the project Paula Span LAT-WP [NEW YORK] Donald Trump proclaiming the many superlatives of some enormous new building that bears his name. Outraged neighbours
        LAT-WP; FILE PHOTO  -  782 words
    • STYLE
      • 866 25  -  After years of putting clothes on Singapore women, Esther Tay has now broadened her focus to include a home accessories range that celebrates the rich colours and lush fabrics of the region, tam su ten finds out what's up for grabs TAN SU YEN PASHION designer
        866 words
      • 562 25  -  BATH ACCESSORIES Losh is good news for weary bodies in need of a good soak or scrub By< Tan Su Yen "REFORMASI" may be the battle cry on the streets of Kuala Lumpur, but in a heavily-scented, pastel-hued patural cosmetics store called Lush in
        PHOTOS BY SIEW YAW HOONG  -  562 words
    • LEISURE
      • Article, Illustration
        464 26  -  Compiled by M Yasotha THEATRE Chang Eng The Musical Action Theatre's acclaimed musical, based on the true life story of the original Siamese Twins, is back by popular demand. Produced and directed by Ekachai Uekrongtham, with music by Ken Low. Until Jan 31, 8pm (Matinee at 2.30pm on
        464 words
      • 455 26  -  NIGHTSPOT No question about it Q Bar, with its somewhat conflicting identities, is an interesting change from the usual smoky after-dark joint By] Parvathi Nayar The q bars name is a good conversation opener. What does it mean? What does it stand for? You almost feel
        455 words
      • 361 26 SMARTTALK LAT-WP [WASHINGTON] You walk into a restaurant. You want what everybody wants: good food, good service, good times. And a good table, of course. This is not merely a status issue; a good table can genuinely enhance a fine
        LAT-WP  -  361 words
    • Article, Illustration
      762 27 Bride Of Chneky. Ronny Yu (The Bride With White Hair) directs this Child's Play sequeL The killer doll gets a girlfriend his size. Together, they look for soul-transplant possibilities. Lido, Republic, Choa Chu Kang, Hougang, Jurong, Century. A Bog's Life. Disney's animated take on ants who pay "tribute" to
      762 words
    • 117 27 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yang tie 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina TampinesS Tiong Bahru Yishun Overseas Movie Clementi/CoVealth 777-0669 Golden/New
      117 words
    • EPICURE
      • 1194 28  -  Yes, times are tough, but that doesn't mean an end to fine dining, susax tsakg finds out how three high-end restaurants are coping, and what strategies they are adopting to weather the doldrums SUSAN TSANG WITH more than half the restaurants that opened in 1998 also closing
        1,194 words
      • 765 28  -  WINE CONNOISSEUR By N K Yong WHAT is the market like this year, and what are the good buys? The word from London is that there is little interest in Bordeaux. The market appears to be over-bought. Big parcels of top Bordeaux from the
        765 words
      • 438 28 CRAVINGS MICHEL TROISGROS grew up eating the wonderful cooking of his Italian grandmother. And today, the legacy of his Latin childhood lives on in his three-Michelin star restaurant, La Maison Troisgros in Roanne, near Lyon in France. "My grandmother instilled in me a love
        438 words
      • Article, Illustration
        209 28 FEEL LIKE a long, cool and none-too-sweet drink on the run? If you're near Lucky Plaza in Orchard Road, or The Plaza in Beach Road, drop into Healthy Planet. This cheery, pleasant-smelling health food outlet offers chilled Tazo teas, the bottled equivalent of the soothing Tazo infusions
        209 words
      • 91 28 NOT QUITE up to splashing out on dinner at Salut or its sister restaurant, Au Petit Salut? Consider breakfast, served on weekends from 8-1 lam at Au Petit Salut in Jalan Merah Saga, across the road from Holland Village. Two sets are on offer. The
        91 words
      • 112 28  -  Compiled by Tan Su Yen THOMSON ROAD durian king John Hoe, who started Four Seasons, Singapore's "first durian boutique", has branched out into the cafe business. At Four Seasons Cafe in China Square Food Centre, Mr Hoe, who is of Peranakan stock, has created a
        112 words
    • TRAVEL
      • 1458 29  -  Helsinki is a rare example of a city in which sophisticated urbanity coexists with a deep concern for the environment, civic awareness seems almost second nature, and public buildings often serve as design statements. SYLVIA tait contemplates the many delights of Finland's capital SYLVIA TAN THE HOUSEWIFELY instincts
        1,458 words
  • Page 21 Advertisements
    • 134 21 home with Esta 1 ELS I Have Card. Will Travel. I No matter where you travel in the world, you'll be welcomed when you carry the American Express® Card. From travel assistance at over 1,700 Travel Service offices, to instant H recognition at millions of fine establishments, our worldwide network
      134 words
    • 12 21 Travel Helsinki, Finland EL 0 V,a/(I li ;I/ J rs BHHK I
      12 words

  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 202 22 CRYPTIC CROSSWORD mostun 28 eg Ball I chopped on to this? (3 4) these sea mammals (8) YESTERDAY'S SOLUTION jwvbtw 8 Is it a bit of a fag to empty UOWN them? (8) U"U' M 1 tiU MM 1 Totters, when bitten by 13 stop one to celebrate settling LB
      202 words

  • Page 23 Advertisements
    • 30 23 CAST YOUR VOTE: Go to the BT Online website (business-times.asial.com.sg) and take part in the interactive poll based on this column. Intimacy by Hanif Kureishi is available at leading bookshops.
      30 words



  • Page 26 Advertisements
    • 117 26 Where to wine, dine and entertain 9 MemationaT a t over 30,000 locations worldwide. 290 4545 9SK2 76 Bru Basah Road, Sinppore *****8 Tel: 338-8333 Fax: 339-6866 W«fc-site http^wwwxarllooxamjg ■pantf -;^d ji^l /.iViX 5 SPECIAL WEEKEND BUFFET (,ome and cclcbratc the weekend with a delicious buftet spread of local western
      117 words
    • 139 26 For the months of January and February, our chefs have prepared a whole of Spanish Food to satisfy the hungry taste buds of all Spanish Food Lovers, And at unbelievably reasonable price, too! So call us up for reservation n0w.... before they are gone... GAZPACHO ANDALUZ Cold Spanish tomato cucumber
      139 words
    • 5 26 I I i I I
      5 words
    • 93 26 Perk up your weekends and bring the family for a spread of freshly baked scones, cakes and other familiar pastries. Your little ones will be delighted with our resident magician's bag of tricks. 1 Available every Saturday, Sunday and Public Holidays from 3 pm till 5 pm. #15 (Adult) #10
      93 words
    • 131 26 QBar, 9 Raffles Boulevard, tWI-03 Millenia Walk. Opening Hours: Sun to Thurs dam to 2am, Fri and Sat dam to 3am; Happy Hours spm to 9pm. A. 24-hour Coffee House lat floor The CHicken Rice Capital Of The World j 333 Orchard Road, Singapore *****7. Tel: 737 4411 1 VJ*H
      131 words

  • Page 27 Miscellaneous
    • 688 27 ■HnHMMMHHMMHMMnHHMNMMMHMIiIIMIMHNMMMiMHNMMMnMMMnHMMHMMn RE€H>IIMEIIPED yimWUIO Upiirti p on H of the legendary rock l cigic cuiu group. Lead singer Jim friends Morrison's (Val Kilmer) dabblings with drugs, The Duchess And The music and shamans are Children In Crisis, vividly portrayed. Also 9.30pm, Premiere 12 starring Meg Ryan. The Duchess of York founded
      688 words
    • 1510 27 TODAY'S TV China's Rarities. Pi nmiri 12 VBrI 4.00 TV Innovations. Z3O PM TV Innovations. <* VWjr* 1 P*QPv A. 00 See Saturday's Sched 4.00 Kidz Blitz: Sesame ules Street. *"v 5.00 Kidz Blitz Noah's Island. Pttmm 12 SJJO Kidz Blitz: Captain Zed 1 900 AMCDIS and The Zee Zone.
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  • Page 29 Advertisements
    • 45 29 Finnairflies twice a week on Mondays and Fridays to Helsinki. Travel agencies Travel Trend and Universal Travel also arrange winter tours to Lapland in North Finland. A return economy ticket to Helsinki costs $1,820 without taxes, though do check with the travel agents for promotijonalfares.
      45 words

  • Page 30 Advertisements
    • 39 30 This is not a solicitation to invest. Please seek the advice of your banker or independent financial adviser before buying or selling funds. Investing in unit trusts is for the long-term. Fund Profile is being held over this week.
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  • Page 32 Advertisements
    • 233 32 La k wWm&KM HMfeL 8. vT-jbMKT ■k BrTntfil th' i jWPrmy■»%&,.ATI». %Aflfc. I V^^HSVilEEHKDVin^^^^^^^^H wkdM il' HflUI ■I I I n Ife '''■iHpßJht 1 I if tfiEflHukx ||srjl| jS®?*! I 1; P*%»»JHpl Hv^hl |Bk2WP- I m w prgfSnjHiIRiM^HSHHUiJaHIHHHiH BfW>.«»-- |H H I M| Bk f|| Av jtjlHpl^Qß^iflS^iHVwßßni^MGllKßfl^H iH*: I I
      233 words
    • 31 32 For Sale Jalan Kilang Timor 8-storey light industrial building Site Area: 14,750 sq ft Gross Floor Area: 34,750 sq ft Ceiling Height: 4.6 metres Floor Loading: 10 KN/sqm Sole Marketing Agents
      31 words

  • Page 33 Advertisements
    • 14 33 The Straits Times CLASSIFIED Where buyers and sellers meet Sell your old clothes. CATS.
      14 words
    • 105 33 Light-Industry Corporate Building at Tampines St 92 I FOR SALE BY TENDER I T|Ljf An 8-storey modern detached factory with basement car park. Vj Prominent frontage along PIE; ideal as a corporate building. j-j. Site Area: 51,716 sq ft approx. J 1 Built-in Area: 129,288 sq ft approx. 1 Tenure:
      105 words


  • Page 35 Advertisements
    • 478 35 Now's your chance to invest in Singapore's No. I bond fund. If you're looking for an investment with a consistent performance, consider the Citi Global Bond Fund. With 33%* returns from August 31, 1995 to August 31, 1998, the Fund beat its nearest rival by a full 10.31% to be
      478 words

  • EXECUTIVE Money
    • 735 36  -  The top 10 averaged returns of over 25% last year; but overall, performance was dismal, with an average return of -5%. BHXVTAMBJA looks at what the winners did right SHIV TANEJA JUST over one in four locally-approved unit trusts made money for investors last
      735 words
    • PERSONAL INVESTMENT
      • BULL'S EYE
        • 544 30 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche-Morgan Grenfell, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch. Sembaw&ng Corp Industries ♦(Buy) Fraser- AMMB Research, Jan 13, $2.13 The impending IPO of SCl's 75 per cent
          544 words
        • Article, Illustration
          461 30  -  Graham Muirhead chief investment officer, Morgan Grenfell (Asia) Ltd "TIT E believe Asian 1/1/ stockmarkets (ex- f eluding Japan) are likely to perform better than their global counterparts over the next few years. This may seem a heroic forecast given the prevailing economic gloom. However, there are
          461 words
      • 936 30  -  They may be boring, but the dependable funds are a safer bet than briefly stellar ones, says shxvtameja SHIV TANEJA THE average return from 97 unit trusts last year was minus 5 per cent, and yet the top 10 funds had a whopping average return
        936 words
      • 696 30  -  Two fond managers from HSBC Asset Mgt speak their mind By Shiv Taneja 1999 is going to be an average year for global equities and bonds, but the way the smart money is going to play it is to have a very well
        PHOTOS BY CHRIS LOH  -  696 words
      • 287 30 UKTT TRUST/SECTOR (6 MONTHS: 30JUN96-08JAN99) CHANGE RANK Tempkrton MF*Korean/Korean EQ 100.29 1 Templeton IF Thailand/Thailand EQ 64.19 2 Schroder Singapore Trust/ Singapore (CPF approved) EQ 60.52 3 UOB United Regional Growth/ Regional (CPf approved) EQ 48.48 4 UOB United Int'l Growth/ Regional (CPF approved) EQ
        287 words
      • 914 31  -  Even blue-chip firms are in for revamps amid improved market conditions and better prices, reports womb vd homo WONG WEI KONG POUR and still counting. Takeovers are ringing in the New Year for the Singapore stock market, and analysts expect more companies to change hands
        FILE PHOTO  -  914 words
      • 1032 31  -  With liberalised CPF investment rules one can ponder many options By. Anthony Lee The writer is country manager head, consumer services group, American Express International, Inc. THE money in your CPF account has traditionally been viewed as savings, to be withdrawn only at age
        FILE PHOTO  -  1,032 words
      • 1238 31 Offered by various banks (as at J cm 13. 1999) DvpotJt amount 1-mth 3-nNh #-mtti Deposit amount 1-mth 3-mth DBS Bank HSBC 253 M A$ S10.000 A24.999 4 0600 4 1400 4 2000 25,000 -74.999 3 6250 3 6250 3 6250 A25.000 A49.999 4 0900 ***** 4
        1,238 words
    • RESIDENTIAL PROPERTY
      • 446 32  -  But the owners are not badly off, as the project was sold at an average of $460 psf, says elahtekoh ELAINE KOH WHILE Hume Park I in Upper Bukit Timah is a development largely targeted at the owner occupier, almost half the units
        446 words
      • 418 32 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Nov 30, 1998 and Jan 11,1999. Projact imml Prop Contact Tanure Buft-W Price M StrMtmm type fete Mm* mm (srooQ <s« District 11 Arcadia Gdn Apt 17/11/90 99 3734 1500 402
        418 words
      • 1077 33  -  Despite CPF cuts and salary freezes, young professionals are finding it more affordable now to buy their first private property, reports david boet DAVID BOEY The much-publicised debate on whether the private housing market has bottomed out has spurred many aspiring households to scout around
        FILE PHOTO  -  1,077 words
      • 581 33  -  Sharp discounts at Central Grove, Simsville, Woodgrove By. David Boey ASPIRING home owners lured into the market by price cuts and lower mortgage repayments are spoilt for choice. Apart from executive condominium projects such as Summerdale, launched at $400 per square foot, there
        581 words
      • 283 33 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR MO YEAR 11-36 Citibank (max of 30 years) -1 to 5 years loan duration 5.***** 5.5000 5.5000 5.5000 5.5000 6 to 10 years loan duration 5.7500 5.7500 5.7500 5.7500 5.7500 5.7500 11 to 30
        283 words
      • 248 33  -  Prices start from $246 psf for Kuok group's new project Byi Carol Eng THE Kuok group yesterday launched its first cluster housing project Summer Gardens at Upper Changi with prices starting from $246 per square foot. The 99-year Summer Gardens, near to Tanah Merah MRT station, has
        CHRIS LOH  -  248 words
    • PERSONAL FINANCE
      • 1218 34  - Vibrant, modern —that's the image OUB wants The bank's redesign is striking, and it goes beyond the physical, reports ot.abissa tam CLARISSA TAN PERHAPS it's the striking purple of the round sofas, or the warm wood panelling on the walls, or the trendy halogen lamps peeping from their perch just
        ARTHUR LEE  -  1,218 words
      • 828 34  -  THE FIMBR PODVT All eyes are on interbank rates as DBS' rivals hold out against a rate cut By Alvin Tay THREE highly respected bankers, all singing the same theme: that the fall in local interest rates may be about to bottom out. I
        828 words
      • 613 34  -  Income's rate now 6%, Axa's 8.75%; others may follow By 1 Soh Tiang Keng TWO life insurance companies in Singapore have got off to a brisk start in the New Year by cutting their loan rates to policyholders to ease their financial burdens in
        FILE PHOTO  -  613 words
      • 874 35  -  You can still get 3 per cent or more for the Sing dollar fixed deposits if you bother to shop around, siow li sen finds out SIOW LI SEN Depositors— usually conservative people who husband their hard-earned money can't be faulted if they're feeling a
        874 words
      • 700 35  -  Amid lower rates and a volatile stock market this asset class is no more boring By Wong Wei Kong TURNED away by rising volatility in the stock market and record low deposit rates? Then Singapore Government Securities (SGS) might just be the right
        FILE PHOTO  -  700 words
  • Page 36 Advertisements
    • 165 36 Properly First-timers take the plunge EM 13 FnD ranking of mitt trust*, EM 10 j With American Express Bank, your investments work overtime for you while you channel your energy where it matters. This is possible only when you have the best portfolio of investment opportunities at your fingertips at
      165 words
    • 6 36 Finance OUB's new look EM 14
      6 words

  • Shipping times
    • 316 37 Bridge News Reuters TANKERS: Trading in the Atlantic was slow and the "quietness" of the marketwas causing some jitters with some now wondering whether the pressure for early ships in the US Gulf is easing. ♦Orix allegedly took the 72,413-d wt, 1998-built Quint Star for its January grain
      Bridge News; Reuters  -  316 words
    • 257 37 JmU CWT DMributton. OlMS -OjOI 203 ChuanHup 0.545 -0X119 2*1 Coaco Invattmant-0.S4 -0.025 19 MMLM 0.195 -0.005 20T3 G9 HoMlnqs 043 -OOI 95 Hal Sun Hup OlS» OjOOS 1799 HNacMZoMn 0.79 IMC I HI* m HKU JayaHoMlntf 0J73 -OjOOS SS Jgrona Shipyard 7. unch 122 KappalCarp -0.1 4294 KappalFELS
      257 words
    • 629 37  -  Milford Haven Port Aathority accepts blame for pollution; case against harbour master dropped From David Hughes in London A UK port authority has accepted responsibility for an oil pollution incident which cost over £100 million (*****.77 million) to clear up. Milford Haven
      FILE PHOTO  -  629 words
    • 165 37 Bridge News [TAIPEI] Talks between shipping associations of Taiwan and China to expand the number of ports on each side open for direct shipping links will likely be held after the Lunar New Year in mid-February in Hongkong, the Chinese-lan-guage Economic Daily News reported.
      Bridge News  -  165 words
    • 704 37  -  &DMIRALT7 CASEBOOK By I Selva Kumar ANEW Zealander employed as an electrician by an English shipowner was injured while his vessel was in dry dock in Germany. He sued the shipowner in England but the shipowner said the
      704 words
    • 382 37 US wants same rights for American lines which Chinese lines eqjoy in US Bloomberg [BEIJING] China needs to allow the US more access to its maritime and aviation markets, said James Oberstar, the ranking Democrat on the US Congress' Transport and Infrastructure Committee.
      Bloomberg  -  382 words
    • 276 37  -  By] Felix Chan [SINGAPORE] Members of the New World Alliance (TNWA) declared their first year together a success with the development of some of the industry's "most competitive ocean transportation services" and anticipates closer collaboration in 1999. APL, Hyundai Merchant Marine and
      276 words
    • 990 38  -  MARCUS HAND looks at the main issues Involved In the trade of toxic' ships MARCUS HAND THE first ever protest by Greenpeace in Singapore on Monday against the P&O Nedlloyd containership Encounter Bay probably provoked more questions than solutions to the problems of
      990 words
    • 317 38 PAGE FoongSun ANL 3 Froti 1 Accord 8 Frt Links Ahrenkiel 12 c Link Appenship 5 G m rtr4ns Austral 8 Genshgp 1 Avant M Gtory Nav B'tanq Mas 8 HaiSunHup BSA 7 Hangli BTl M Hanjin Balaji Shpg 4 Heung-A Bangladesh >3 Batamindo 12 HtALine Chipolbal
      317 words
    • 18060 45 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 22/01 19/02 COSCO LUOBAHE 0006C 65 *****00 i To ABIDJAN (ABJ) 2003 Cot* D'lvoire 23/01 03/02 anl apl emerald oes *****5755 22/01
      18,060 words
    • SHIPS IN PORT
      • 719 51 Vessel Voy No Berth Arrival Departure Juronq Port Asian Wind 2 J04 a'ongside 13.02/2200 Bt Pu Tttof2 *****9 J01 alongside U 01/0600 Bt Rejeki Ri *****9 J01 alongside 13.02/1500 Bt Sur It *****9 J01 alongside 14.01/0400 Bt Sur lii *****9 J01 alongside 14 01/0500 Bt Sunati 4 *****9
        719 words
      • 1848 51 RECEIVING OF EXPORT FCL CONTAINERS AMP ICL CARGO Boofcing/Bolonce Rstls Ship Voy No Etb/Btr Period From To From km m 17/1200 U M/1500 M/1659 wmo II M/BOO M/1659 M/1900 U M/1700 15/0659 15/0*0 21 14/1700 15/0659 15/0900 3 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 kiMk mi M/BOO
        1,848 words
      • 223 51 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.
        223 words
      • 824 51 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
        824 words
      • 422 51 Carta* WO Mm 991.0 3.9 15.4 0.15 78 0.07 Dec 31 Density Water Residue As* Aluminium Sediment No above E2S 0 13 10 0 735" 380 Aw 988.6 OJ 14.4 0.07 27 0.02 Exiaa 380 Mai 994.2 15 19.6 0.12 47 0.06 wrl mi Wo abow
        422 words
    • ATR & LAND TRANSPORT NEWS
      • 448 52 BRAZILIAN CURRENCY DEVALUATION More expensive for Latin American airlines to raise money they need to pay for jets Bloomberg [SEATTLE] Boeing Co and Airbus Industrie, the world's only two makers of big commercial jets, could lose business in Latin America after Brazil
        Bloomberg  -  448 words
      • 345 52 Reuters [TOKYO] Toyota Motor Corp on Wednesday unveiled its small Yaris passenger car, a strategic product to be built in France and Japan targeted primarily at the domestic and European markets. The company aims to sell 250,000 of the hatchbacks per year worldwide,
        Reuters; AFP  -  345 words
      • LOG Book
        • 106 52 AFX-Asia [MANILA] China imported 56 aircraft in 1906, of which 25 were from Boeing Co, the official Xinhua news agency reported, quoting China Aviation Supplies Import and Export Corp records. In a dispatch monitored here, Xinhua said the rest of the imported aircraft comprised 16 units
          AFX-Asia  -  106 words
        • 95 52 Bloomberg [GUANGZHOU] China Southern Airlines Co, the country's biggest in terms of aircraft fleet, said it secured a syndicated loan to pay for 2 aircraft. The US$B5 million (5J142.8 million) loan is lead managed by Credit Lyonnais, said Zhu Deci, an in-house consultant of the
          Bloomberg  -  95 words
        • 89 52 AFX-Asia [MANILA] Car sales in 1998 fell 54 per cent to 34,688 units from 75,760 a year earlier, data from the Chamber of Automotive Manufacturers of the Philippines Inc said. Sales in December fell 40.7 per cent year-on-year to 2,880 units, but were 24.4 per
          AFX-Asia  -  89 words
      • 221 52 AFP [KUALA LUMPUR] The Malaysian transport ministry said it might hire experts to get rid of rats which have started breeding again at the country's brand new billion dollar international airport. Transport Minister Ling Liong Sik was quoted by
        AFP  -  221 words
      • 246 52 AFP [BONN] Blackmailers are once again threatening the German train system, only weeks after the arrest of suspected extortionists in December, police said on Wednesday. The new threats are coming from people identifying themselves as supporters of the previous blackmailers, federal police (BKA) spokesmen
        AFP  -  246 words
      • Article, Illustration
        54 52 [BREMEN, Germany] Visitors at the Bremen Airport take a look at a scale-model of the future International Space Station (ISS) hanging in one of the terminal halls. The model measuring 10 metres in length, eight metres in width and about five metres high, shows the ISS in its
        AFP  -  54 words
      • 387 52 But orders for commercial jets expected to be moch lower in 1999 Reuters [PARIS] France's Aerospatiale said it had record orders worth 86.8 billion French francs (5525.77 billion) in 1998, up from 74.7 billion in 1997, and its turnover rose 10 per cent to 58 billion
        Reuters  -  387 words
      • 184 52 [SINGAPORE] Singapore Airlines (SIA) will withdraw its Berlin service from its international network in March, the carrier's third since the onslaught of the Asian economic crisis. In a statement yesterday, SIA said that while load factors on its Berlin service had increased steadily over the
        184 words
      • 1808 52 cmr FII6HT CTA FUtHT CTD W4587 2359 U«M **8230 WO „i." IH6381 1920 Fatoato WW TO MHO OHO S0230 1920 tiirtiiftC S0803 1915 C2354 0910 Aait*f«M NZ4327 0(00 KLB44 0105 S0327 0800 N***** 2320 RmI ¥*741 1310 VK742 0905 CA973 1005 $0328 2320 $0175 «35 $0176
        1,808 words
  • Page 37 Advertisements
    • 22 37 Questions, bat no answers to shipbreaking problem Marcus Hand looks at the main issues involved in the trade of'toxic* ships. Page 2
      22 words
    • 197 37 Boeing, Airbus stand to lose with Brazilian currency plunge Harder for Latin American airlines to raise money to pay for jets. Back Page TheßusinessTimes Shipping times To keep ahead in today's uncertain fast changing economic landscape, you need to be well informed. And you also need to reach out to
      197 words

  • Page 38 Advertisements
    • 1196 38 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I MX SUPER SHUTTLE EXPRESS DWKT TO LA I I WEST COAST Of CEHTRAL AMERICA (WABQABfTA SERV)CE) I vcsa yot nrSTTcn,. m dm hw ok hi neocoott vgs wt AOAnu; saw iommio _cgtwTo r cauwa MWAYtimNA sauha cwi ooaoom Inw
      1,196 words
    • 694 38 Lmes services represented Members of the b V Members o» the Registry o» yTJi Singapore Freight Forwarders Accredited Shipping Agents, Associate*! Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FRE MANTLE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 20/01/99 BOOKINGS CALL MONKA/M UNO TIL 323
      694 words

  • Page 39 Advertisements
    • 1132 39 TO EUROPE FROM EUROPE Ivtssa VOY SIN RTM ANR HAM BRV SOU FIT UN Vgsa VOT ETM ANR HAM MtV SOU FIT UN SIN HT EMPtROR 31AW 18/01 04/02 06/02 09/02 03/02 HYDUKf 31X 24/12 26/12 29/12 23/12 14/01 mi uuiomn 020W 21/01 13/0210/02 11/0201/02 rhmi $*****/12 29/12 01/01 02/0119/01
      1,132 words
    • 1907 39 I HANJIN SHIPPING HANJIN SHIPPING (S) PTE ITS Uwm Imp (m lOOUK *****3S 737 SAIfS *****24 731 DOCUMENT 37*0771 274 OKUTKMS 32*0741 757 MUD UM *****55 FAX ******0 a HO: **********6 M TO NW USA CANADA USA CANADA* FDR VSI "VOY I MM I UNI HAUI/VOY SEA AW MX PM
      1,907 words
    • 422 39 nssa wr_ jm_ ri6 wt sm ws ia usi pus KMTC PROVIDES HTUBOAI SPMITtI 01IS IS/01 12/01 IVOI 20/01 27f1l MT(HOMtfOW WIS 17/01 10/BI WW M/ 01 24/01 W/01 21/01 20/81 DCf*||| AD RDRAKRIII If utcpvsm jois_ n/oi_ jvoi_ 3i/oi_ «/w ovro nEUULMII DnCAIVDULIV WWMW IPS 14/01 20/01 IW 27/01
      422 words

  • Page 40 Advertisements
    • 1577 40 DSR-SCNATOR LINES TO UK/CONTINENT TO MEDrTERRANEANCANADA ttttfL VOT SW LtH HTM IM* HAW IRV FU VtSSfl VOT SIM BIT IK F0« W.C WW TIUOC MABVfST WOMt 11 SI 07 02 0* 02 OB 02 0(02 MO2 MTMOS StWATOfI WMMB 14 01 1101 0212 M B 0102 U HAMJM VALENCIA WNMM
      1,577 words
    • 857 40 Carrtar:MNCONTRLINES, INC I -I\-/ J QMMOiimtTWOOW SIBU: (064) *****9 MANILA: (632) *****24 V POIANO: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31)*****0 P. KELANO: (03) *****77 JKT. (21) *****07 MON: (61) *****3 KIXXNO (062) *****1-3 BARCEIONA LAEM CHABAN6/BANOKOK~ MV "PONL JAKARTA" V.8526 M V "SINAR JAVA" V.1015 ETA SIN: 27-1 -99
      857 words
    • 574 40 LINK Bg J mi »WMM mi m«m MUARA LABUAN vissa vor m> iu vtssa vot rro eta SPOM MUARA Srati UN STRAITS HOPE VOIE/00 IS/01 11/01 STUIS HOfl VOIE/00 15/01 10/01 caaaka jnb-j7 voa/n 10/01 a/oi owtMAM»» vra/oo 10/01 a/01 jpnospb voii/oo a/oi i7/oi siuirs HOfi voa/oo »/oi 31/01 Stum
      574 words

  • Page 41 Advertisements
    • 1321 41 IVEBSEL VOY SIN PKG PEN PQB PUB DAM I BHJ IBA «K IRAN TABATABAEI PJLI33I 25/01 04/02 07/02 03/02 00/02 07/02 IRAN TEYFOURI PJLI32B 06/02 18/02 10/02 15/02 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
      1,321 words
    • 1964 41 !*!<• Wukly to Europe Main Porttl Ivory Monday and Saturday I Dlroct to Browonhawon in 20 days J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) 1 I COSTAR SNIPPING PTE LTD #i7-08DISBLDG SALES/IKGS *****57/60 INWARD DIPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN
      1,964 words
    • 596 41 \tiFi EASTERN CAR LINER, LTD. Wjfcj ECL (SINGAPORE) PTE LTD I specialize in roup heavy ufT UPTQ 450 tohT| ECI (SINGAPORE) PTE HO LOAD NG FOR HO CHI MINH/ HAIPHONG MANILA/BATANGAS MV "TEN" MV "ERISA AZUL" VOY. 17 ETA SIN 15/01/99 ETA HCM 18/01/99 ETA SIN 20/01/99 ETA BTG 26/01/99
      596 words

  • Page 42 Advertisements
    • 1410 42 EUROP£/UK/SCANOINAVIA/FINLA*D/BUSStA I I SGP ROM AMW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E OELUXE RW-606 16*1 05*2 06/02 04/02 09/02 It/02 E REPUTE RE 025 24/12 27/12 26/12 25/12 28/12 21/01 22*1 E. DELIGHT RW-M6 24*1 12/02 17/02 13/02 15*2 16/05 17/02 E. ROUND RE-035
      1,410 words
    • 1022 42 pacific international unes (ptei ltd^ SSSSSSSS U, 140 Ceci street PIL Building, Singapore *****0. CR NO 100e*****00E IVtSSIL VOT W ISO BI STP MB M W A* HI PKi g I UOtA AUSTIAUA 073 10/1 10/1 7S/1 30/1 3/7 7/7 13/3 IS/7 I OUNCA fttAIAl 1 MS ffIEZ "57T~ 3/7
      1,022 words
    • 627 42 /cz: NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel vor_ so) nu w» jw err io MANIA) PBIKESS Vo?ts IT/01 02/02 05/02 04/02 NANTAI QUtEW VO37S 24/01 04/02 08/0? 11/02 12/02 "IS/oT NANIAI DtAGON Y.QIIS 04/02 IS/02 M/J2 22/02 23/02 NAMttlrtlN« V.027S 14/0? 27/02 02/03 03/03 mmiVBWS V.037S
      627 words

  • Page 43 Advertisements
    • 462 43 BSfl n.l M MYANMA wBBk FIVE STAR LINE (Myanaar National Um) Loading far Yaagon (Rangoon) VESSEL VOT SIN PKL PEN PGU DAWtI 2W SLD MNYA IMW 21/01 MALAYSIA AGENTS: KHJSTEAD SHIPPING AGENCIES KUL TEI (03)*****00 PKL TEL (03) *****01 PM: m (04)*****02 PGU: TU (07) *****21/4 BANK LINE (A strvkt
      462 words
    • 1310 43 hmaP I HYjJNDAIMERCHANT MARIN E |VBSa VOT SM SOU 184 BTBI lAW I HABI MV IFE l IVBSB VOY|SQU|IBI|RIB|AET|HAB|ORV|Itt|SMI mxnm onw is/oi 04/0205/0231/01 02/02 htomb 3151 23/12 30/11 24/12 29/12 14/01 HTIBPBOR 316W 11/01 03/02 04/02 04/02 09/02 BBE 5241 02/01 01/01 27/12 29/12 19/01 NOLAMAZOMTE WOW 21/01 18/02 13/02
      1,310 words
    • 1192 43 >| oorwogon ipeoakzed oukxamen QmsKS to MotiH rniuw un« tin S •rao/KuiranstnwVfSStl VOY RAMP HEIGHT SIN LAX CKL MUA SAV Ml ORF NYC IWWI MM TALAOOT F903 400 TMH UM 2675T 22/02 ***** OS76T 07/03 M7OTTO7OT 11/03 WoT 11/03 TAMPERE F904 400 Tons 6.3 M 07/02 06/03 IS/03 11/03 20/03
      1,192 words

  • Page 44 Advertisements
    • 771 44 iANOKOmiAP TA PHUT/LAIM CHABANOj J AK ARTA/PA W JAHO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 3C6N 18/01 20/01 19/01 ANRO JAVAKAHTA* 070 18/01 1»/01 YAHTRA BHUM** 275N 17/01 20/01 21/01 DEJA BHUM 782S 18/01 20/01 ACXRUBY 30N 17/01 20/01 21/01 ACX JADE# 38S
      771 words
    • 511 44 f tNDONESIANAnONA^IN^^ wi vot prow' I ri>Mi/«'M<i|M-»u»c Ihumw uivmxr AVK«t 1 I 31/11 I ti/n l*/M QUIT M/M TO AUSTRALIA "T FULL COIfTiyNBR MEHVICE va Ivdylwc MilFtil —Istc m ha__JCL.^L_ tfi ivotr on 14/qi u/*i m/>i Q'/w **/n v/n tnumtit us ti/»i n/»i m/w w/« w/m mimi its a/i» 30/qi
      511 words
    • 907 44 VESSELS VOY PSTT PKL MLA LEH RTM HAM ZEE SOT "I VJ-EPEVELA H2SHH 20rt)1 21/01 OVQ2 gg 11/02 12/02 14AB IMB VILLE DC SHANGHAI H29W 3&01 27/01 OMB 15/02 16/02 17/02 19MB 2002 VB-LED-ORION Y29W Q2AB OMB IMB 2MS IW 27/02 VILLE DE MIMOSA V3OW 1(V02 2MB 01/03 02/03 OMB
      907 words

  • Page 45 Advertisements
    • 52 45 wmmmmi STEftTfcDial74o-6000 Oil G€ITI3nG (Retrieve more schedules!) do Press "1" CT Select the port and key in SKI the four digit code eg: To New York (NYC) 2275 st£) Key in your fax number your phone number Another innovative service offered by The document Will be Shipping times s ii/!t
      52 words


  • Page 47 Advertisements
    • 149 47 HHinggM| i 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: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      149 words

  • Page 48 Advertisements
    • 1007 48 ■hmbSAMUDERA shipping line ltd 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME: 535 6266 Cella/Jestlca/Mei Chan/Jetlynn/Dora/Hanim 7 slgs/week 2 slg/week I VESSEL [~VOY [—SIN |~JAK [VESSEL IVP Y SIM
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    • 549 48 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORi TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER VKSft VOYAGE HA SINGAPORE ETA COLOMBO »KARACHI SHAIAMAI ooshw 12/01/w I;/oi/W 22/01/99 SWAT OOSHW 17/01/99 22/01/99 27/Dl/W SHAUMAI 006HW 31/01/99 05/0?/* 10/02/99 SWAT 004HW 07/02/W 12/02/99 17/07/99 SHAIAMAI 007HW 22/02/99 2//02/99 04/03/99 SWAI 007HW 01/03/99
      549 words
    • 460 48 ENG liE SHIPPING CO PTE ITD I IhMl Fu: *****36/532**60 I T CR N«i *****0000—t I VESSEL VOY SIN ETA SIN ETD DESTINATION Boono Aoodi 2/99 14/01 15/01 Kuolo lungkol/Jombi Rosmolowoh 1/99 14/01 15/01 Kuolo lungtol/Suratoyo Sinot Central 2/99 14/01 16/01 Perawong/Buoion/PBaru Uraon Slot 16 2/99 15/01 16/01 Jokorto Gondoll
      460 words
    • 338 48 (YfA Singapore Soviet Shipping CPL a No lOOSOMOOOON k\\l Multiline Shipping PL w33 J s«te*ry) a IU H*****0000C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNO2S 19/01 27/01 07/02 KOTARATU RTUO33 26/01 03/02 13/02 PERAK 124N 02/02 10/02 21/02 {vessel »0Y m mcun> m HARIBHUM 07SV 20-21/01 27/01 06/02
      338 words

  • Page 49 Advertisements
    • 897 49 SIN TO SRI LANKA/ INDIA, CANADA, US/EC/GULF, MEXICO IW6| S« I JUT I SUO I I OtW I CMO I OOM I HAi I MTI I Off IMVI WW 1 IM* I HflU 1 MBBiataai 22/01 ?*/Q' 10/01 12/01 03/02 30/Qi n/oi 14/02 u/m i;/m ii/ 03 21/03 ?s/03 m/oj
      897 words
    • 1513 49 iS iff, St H 1 JE, 1 m ww m ml yw ww *wn wIZ POMI KOWLOON O?WAO7 14 0) 30 01 01 0? 02 0? 06 0? PONIKOM QIVMA3 2101 06 0? 0042 09 02 1101 PONI SOUTHAMPTON 05EA51 1112 21.12 22.12 2112 I2jol ILOI 1041 22J01 21j01 ponl
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  • Page 50 Advertisements
    • 944 50 I VESSEL VOY SIN MAA SIN I TIGER PtARL 675N 17-18/01 22-24/01 29-30/01 I TIGER SEA 677N 20-21/01 25-28/01 02-03/02 I TIGER BAY 678N 24 25/01 3002/02 06 07/02 I TIGER ISLAND 680N 27-27/01 01 04/02 08 09/02 I TIGER PEARL 679N 29 30/01 04 06/02 11-12/02 I TIGER SEA
      944 words
    • 631 50 JV FREIGHT LINKS EXPRESS I Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg LCL DIRECT SERVICE ISTANBUL (TURKEY NEW DELHI (INDIA) IZMIR (TURKEY) COCHIN (INDIA) MERSIN (TURKEY) ABU DHABI (UAE) Overseas Offices Hongkong *****113 flms@asiaonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42 kunthida@fleth.co.th Surabaya *****00 fle-sub@sby.mega.net.id Jakarta *****48 flei6B9l@rad.net.id Penang *****90
      631 words
    • 1220 50 [OOCL (Singapore) Pte Ltd CFS Keppel [Mtrpk 79 Amm Rm4 *21-04 (S) *****6 Oft 513 #01-128 r z-K CI NO **********0H Ufc 272 7827 for bookmg M *****13 F« 221 3942 Fn: 272 7825 t mamrv Orient Overseas Container Line i (R)/, Z (Malaysia) Sdn Bhd (fag No: *****2-U) co
      1,220 words
    • 68 50 ETA ETD JUN3 18/1/99 19/1/99 PHNOM PENH TROPICAL ROSE 28/1/99 30/1/99 PHNOM PENH JUN 3 29/1/99 30/1/99 SIHANOUKVILLE (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD SI ANSON ROAD #0»-53 ANSON CENTRE SINGAPORE 0207 TEL *****07/*****22 TLX R*****0 FAX *****H CR NO: **********0R EXPRESS TRANSLINE PTE LTIT"
      68 words

  • Page 51 Miscellaneous
    • 137 51 LEGEND: R Thunderstorm Temperature c y<\. y Shower Weather —,X Wind direction with speed in knots Rom vy Cloudy Sky Wove he, 9 ht ore indicated by arrows which fly with the wind \l) n fuM cifc, represents calm or light and variable winds J One hart fleche represents 5
      137 words