The Business Times, 22 January 1999

Total Pages: 52
1 52 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 85C SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, JANUARY 22, 1999
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  • 700 1  -  Investors prefer stocks, property and greater liquidity in other accounts Byl Clarissa Tan [SINGAPORE] Discouraged by sharply lower deposit rates, individuals and companies here have started to shift billions of dollars in low-pay-ing fixed deposits into stocks, properties, savings and current accounts. Total
    Compiled by BT; Source: URA, CB Richard Ellis Research, S'pore  -  700 words
  • 388 1 It's for real Coke's going into fashion, sports clothing Group gets partners, franchisees for Coca-Cola Wear FT [LONDON] Coca-Cola, the world's biggest soft drinks company, is to launch a range of fashion and sports clothing in the first significant extension of the Coke brand. The Atlanta-based company, which has almost
    FT  -  388 words
  • 333 1  -  By] R Sivanithy [SINGAPORE] The Straits Times Index skidded by nearly 3 per cent yesterday as sharp plunges in regional markets and cautionary remarks by the US Federal Reserve Board chairman brought out the sellers. Brokers here said the 5 per cent plunge
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  • 76 1 [NEW YORK] US stocks were extremely volatile yesterday morning as investoH focused on the worse-than-expected US trade gap and the fall in Brazil's stock market Also dampening sentiment was the fact that a cut in US interest rates now looks unlikely after the Fed
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  • 43 1 [HONGKONG] Media tycoon Rupert Murdoch was himself in thefull glare of the media here yesterday. And so was his girlfriend Wendy Deng, an executive at Mr Murdoch's Star TV and reportedly his wife-to-be. Fall report, Pf 7 REUTERS
    REUTERS  -  43 words
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    • 136 1 uwiim Tlti Dua'a Immb DBs Bank's majority controlled Thai Danu Bank kwt 8 billl(m baht last year as bad debts continued to plague its operations, Fgll 1 v Xt HhMd hits a law Two months after its launch, the Singapore International Monetary Exchange's Hongkong stock index futures contract is .shrugging
      136 words
    • 46 1 Three-month Interbank rate eases, Pg 3 ■jrn«H| which foreiqn currency gives the hiqhest returns? EM 16 EXECUTIVE LIFESTYLE EXECUTIVE MONEY The outlook for retail, ELI Insuring against retrenchment EM 14 Sneak preview of new cars in 1999, EL 5 Dream houses for the picking, EM 12
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    • 79 1 tM Cathay British ajkmmvs AmericanAHn«r Canadian Akiincs Lomttiu *jawN*u»«> sabena* CmBAMCO II SUndwdftOwtfwd HHP wwhwwwwm. m ikMrnrft 2 the peninsula 0 ■jjjSjlPl TTXYIHCTra.S WISTIN fmmn Asia Miles programme effective 1 February 1999. Some Economy Class discounted tickets will earn 50% of miles flown. Asia Miles is managed and operated by
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    • 23 1 Pull text of Greenspan's testimony, Pg 4 Real drop* as dollar supply shrinks, Pg 9 Tokyo bank shares get a fillip, Pg 5
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  • SINGAPORE AT HOME & ABROAD
    • 480 2  -  flUtring Iraffklflg iff unseld homes at current rates will take several years By] David Boey REAL estate professionals said the government's decision not to lift the freeze on land sales comes as no surprise, as it will take several years to
      480 words
    • 264 2  -  By < Christopher Tut SEABASS Farm, a govern-ment-supported deep-sea fishfarming venture started in 1997, has reeled in a whopper a deal to supply Singapore's largest supermarket chain, NTUC Fair Price. Fair Price will buy 2.5 tonnes a week of seabass a
      SIEW YAW HOONG  -  264 words
    • 172 2 A NEW masterplan for the development of land in Singapore will be gazetted today by the chief planner of the Urban Redevelopment Authority. Master I>lan 1998, approved by National Development Minister Lim Hng Kiang last December, comprises 55 development guide plans (DGPs). These guide
      172 words
    • 323 2  -  By] Eugene Low COMPANIES In Singapore and Hongkong still lag behind their counterparts in US, Europe and Australia when it comes to professionalism in handling corporate downsizing and staff retrenchments, says David Stratford, international operations director of Davidson Associates (D&A), an international management consultancy. This
      323 words
    • 288 2  -  E7E OH THE ECONOMY Prices By Audrey Tan WHOLESALE prices plunged 6 per cent year-on-year in November, as prices of mineral fUels, crude materials, chemical goods and most manufactures fell. Latest figures from the Department of Statistics show that the domestic supply price index dipped
      Source:  -  288 words
    • 289 2  -  Mm comes after resignation of farrow boss Urn Hi Km Byi Catherine Oag JAMES Loh, another senior executive from the old Union Bank of Switzerland (ÜBS), has resigned, a move widely expected after Lim Ho Kee, chairman of ÜBS East Asia, quit earlier
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    • 307 2  -  M%p«wtkplMa> it within target of 285,000 by mid-ltM By Annette Pan UNION membership in Singapore swelled 6.4 per cent to a record 283,000 last year, said the National Trades Union Congress yesterday. Some 17,000 new members registered with NTUC up to last
      307 words
    • 271 2 HILTON International AsiaPacific is on track to achieving its planned annual increase of 20 per cent in the number of hotels despite the economic crunch, said its president yesterday. The hotel management group, which received the business headquarters (BHQ) award from
      271 words
    • 341 2  -  By\ Ronnie Lim JAPANESE-GERMAN venture Santoku Merck, which has just set up a $90 million pioneer plant here producing high-quality electronics chemicals, is planning to double its capacity to cater to an expected global recovery in semiconductors in the second half. "Demand has
      341 words
    • 173 2 STAR TV, subsidiary of News Corp, has relocated its Southeast Asian headquarters to Singapore from Jakarta. The Singapore office will be in charge of marketing, distribution and advertising sales operations for Star TVs South-east Asian markets. Its TV services currently reach more
      173 words
    • 545 3  -  Only one oat of 7 surveyed has cut GDP forecast after poor Q4 trade figures By, Audrey Tan ECONOMISTS have brushed aside the dismal trade figures unveiled on Wednesday, choosing to stick to their forecasts of a second-half export recovery. A BT poll
      545 words
    • 265 3  -  By i Conrad Raj SINGAPORE Airlines chief executive officer Cheong Choong Kong just could not refuse Fortune magazine's award of Asian Businessman of the Year as he felt the national carrier's success was a collective effort. "I may not be
      JEROME MING/ST  -  265 words
    • 220 3 Minimum rules may lie mandatory in two to three years THE Construction Industry Development Board is drafting a code of practice to help the construction industry prepare for the time when minimum buildability requirements must be met before building plans are approved.
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    • 378 3  -  Weak trade should keep rates low Irat funds shifting out By\ Siow Li Sen THE three-month interbank rate eased this week as contagion fears from Brazil receded, but analysts warn that the fallout is far from over. Yesterday, the benchmark three-month interbank rate, watched
      378 words
    • 144 3 A UNIQUE pilot project to introduce electronic learning will take off at the Raffles Girls' School (RGS) with US computer giant HewlettPackard Company providing mobile computers, training, support and access to the Internet. The pilot project will run for a year with HP
      144 words
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  • Page 3 Advertisements
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  • ALAN GREENSPAN'S TESTIMONY
    • 2476 4 Its task is to facilitate greater growth by containing inflation and by promoting competitiveness through deregulation and an open global trading system Thefollowing is the full text of US Federal Reserve chairman Alan Greenspan's prepared testimony on Wednesday to the House of Representative's
      REUTERS  -  2,476 words

  • ASIA'S ECONOMIC SLUMP
    • 542 5  -  Nikkei closes 1.5% higher, helped also by encouraging ROJ report on economy Fromi Anthony Rowley in Tokyo A FLURRY of proposed or rumoured mergers and alliances among Japanese banks helped push banking shares sharply higher on the Tokyo stock
      542 words
    • 402 5 AFP [TOKYOJ Japan's economic crisis is slowly beginning to ease but the surging strength of the yen is a source of concern, the central bank said yesterday. "The economic deterioration in Japan is moderating gradually mainly due to the increase in public
      AFP  -  402 words
    • 544 5 HK, Seoul stocks fall on renewed yuan ramonrs sparked by Brazil real float AFP [BEIJING] China yesterday attempted to quash renewed rumours of a yuan devaluation which were partly blamed for sharp falls on the Hongkong and South Korean stock markets.
      AFP  -  544 words
    • 553 5  -  NPLi still a threat; recovery will take longer than expected From* Quak Hiang Whai in Hongkong FINANCIAL systems in Asia will continue to be plagued by serious problems and the economic recovery will take much longer than many people expect, senior
      553 words
    • 211 5 AFP [TAIPEI] Taiwan's export orders fell 4 per cent last year in the first decline since 1982 amid slowing demand from crisis-hit Asian markets, official data showed yesterday. Local manufacturers received U*****.44 billion (Ssl99 billion) worth of orders from Overseas in 1998, the economics ministry
      AFP  -  211 words
    • 477 5 Bloomberg [KUALA LUMPUR] Jardine Fleming Unit Trust Ltd became the first foreign fUnd manager to exchange local currency for US dollars since Malaysia slapped controls on moving money into and out of the country last year. Jardine, which likely sold its
      Bloomberg  -  477 words
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    • 105 5 I a r?c i i kr #SW 4 lWi«i 1 KL jBH wmmHL* Prominent development at Euros I KnU BnUt with high visibility I BR T^^."i Minutes away from Euoos MRT station I Wftfc I Finishes similsr to office standard I Privnte car parking A loading I I* giß: fIHRIuJ
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  • SOUTH-EAST ASIA
    • 263 6 JAKARTA AFP HUNDREDS of police and troops poured into an eastern Indonesian province yesterday to end clashes between Christians and Muslims in which at least 24 people have died, police said. A small group of foreigners was stranded
      AFP  -  263 words
    • 434 6 BANGKOK Unemployment's doubled, illnesses rising, crime flourishing AFP A WORLD Bank meeting on the social impact of Asia's economic crisis opened here yesterday with a warning by Thai Prime Minister Chuan Leekpai that the crash had immeasurable human consequences. The premier's
      AFP  -  434 words
    • 147 6 PHNOM PENH AFP CAMBODIA'S Prime Minister Hun Sen yesterday called on the United Nations for a wide-reaching trial into crimes against humanity going beyond the Khmer Rouge genocide from 1975 to 1979. In a letter to UN SecretaryGeneral Kofi Annan,
      AFP  -  147 words
    • 274 6 KUALA LUMPUR Priority is to regain foreign investor confidence: minister AFP MALAYSIA'S Second Finance Minister Mustapa Mohamad has singled out the foreign media as the biggest obstacle to the country's economic recovery, a newspaper reported yesterday. The Star quoted Mr Mustapa as saying
      AFP  -  274 words
    • 366 6 KUALA LUMPUR Bernama MALAYSIA yesterday maintained its stand that all outstanding issues with Singapore, including the dispute over the Tanjong Pagar customs and immigration facilities, be settled as a package as agreed on earlier by both countries. Malaysian Foreign Minister Syed Hamid
      Bernama  -  366 words
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    • 93 6 V Goi IH N VIL I AfiF "M J. 1 r III! 01 I 111/. I! 110V11 I XI'I HI IN' I I! A'» NOW AKKIVI OIN IN'.M'OKI' m ct > i rtll.ll ill <;n/y l)f <lr\Ulbt'(l ,i\ in ,in\!'j( i ill 1 niDvii' c/m-nriift-" PLUSH RKIINFR SEATS GV DIGITAL
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    • 309 6 KMSminarfifflK Share Buy-Back Friday, 5 February 1999,9.00 am to I.oopm, Orchard Hotel Singapore, Ballroom I What On 12 October 1998, the Parliament passed legislation to the effect that companies are, under certain circumstances, entitled to buy-back their shares. As the rules relating to share buy-back are very recent, there are
      309 words

  • CHINA-HONGKONG-TAIWAN
    • 419 7  -  Apple Daily devotes a foil page to her Hongkong debut Fromv Quak Hiang Whai in Hongkong NOT all eyes were on the international corporate bigwigs, including News Corp chairman Rupert Murdoch, who came to Hongkong this week as part of Chief Executive Tung Chee-hwa's
      REUTERS  -  419 words
    • 311 7 TAIPEI AFP TAIWANESE authorities have decided to throw open fixed-line telephone networks to private investors, banishing years of state monopoly, an official said yesterday. Fixed networks for both domestic and international calls would be opened up to private operators to compete with state-run
      AFP  -  311 words
    • 480 7  -  SINGAPORE Kmaimedtt fighting corruption and increasing consumption By\ Lu Ning WHILE its neighbours are grappling with their deepest post-war economic crisis by cutting wages, China is planning a massive 30 per cent pay rise for its civil servants this year,
      480 words
    • 101 7 TAIPEI AFP THE Taiwan cabinet resigned en masse yesterday ahead of a reshuffle with several ministers expected to be replaced. "We submitted our resignations to the president to show respect to the newlyelected parliament which is to inaugurate on Feb 1," Premier Vincent Slew
      AFP  -  101 words
  • Page 7 Advertisements
    • 264 7 Introducing a truly AmaZing Lens The New SEIKO Super SV 1.67 AZ i Y >" t j *$2 < -i k w V i, t r >t 4 A revolutionary "double aspherical" design creating a lens so thin and vision so dear, comfortable and distortion-free, you can actually feel the
      264 words

  • ASIA
    • 168 8 WASHINGTON AFP THE United States will move on anti-dumping complaints against steel imported from Japan once December trade figures are out, US Trade Representative Charlene Barshefsky said on Wednesday. Ms Barshefsky's statement followed President Bill Clinton warning on Tuesday, calling on Japan
      AFP  -  168 words
    • 411 8  -  Bids likely to be called by April; first airport could go private a year later From, Rajendra Bajpal in New Delhi THE Indian government has approved a plan to corporatise five of the major airports in the country and the first of these
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    • 53 8 [NEW DELHI] Members of the All India Student Association carrying an effigy of firebrand Hindu leader Bal Thackeray during an anti-Shiv Sena protest near Parliament on Wednesday. Mr Thackeray reiterated that his right-wing Hindu party, Shiv Sena, would sabotage Pakistan'sfirst cricket test tour af India in
      AFP  -  53 words
    • 390 8 SYDNEY US back In 2nd place, Japan takes 20% of exports to stay top AFP THE United States surged back to second place in the league of Australia's overseas markets last year as exporters hammered by Asia's economic crisis sought new markets, according
      AFP  -  390 words
    • 229 8 SINGAPORE Further shrinkage expected this year, says report ASIAN private equity funds raised US$6.5 billion (5510.9 billion) in 1996, down 23 per cent from US$B.5 billion in 1997, and this is expected to fall by another 23 per cent to about US$5 billion
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    • 232 8 NEW DELHI Bridge News THE Indian government has decided to honour "honest" income tax and corporate tax payers by awarding certificates and promising to speedily clear their tax returns, the country's top tax official said on Wednesday. Chairman of the Central Board of
      Bridge News  -  232 words
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    • 285 8 STORBEST LOGISTICS PTE LTD IjS&lfl gim/\n I'm *3 keppel road Singapore *****8 I J*l \:jLV pgrl TEL 323 1984 323 1939 323 1978 FAX323J930 JImHI 1 1 M. Q***** Hf r M' Quality pursuit has always been part of Storbest's corporate Together wkh Supbest Trading and Swee Seng Hup Kee,our
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  • THE WORLD
    • 354 9 NEW DELHI AFP US federal agents were working with Indian security officials here yesterday to investigate an alleged plot to bomb American diplomatic missions in India. A US embassy spokeswoman said a team comprising agents "from several federal security groups in the
      AFP; REUTERS  -  354 words
    • 211 9 WASHINGTON AFP MOST regions of the US showed "solid economic growth overall" for December and January, despite mixed or weak results in some industries, the Federal Reserve Board said on Wednesday. Consumer spending "grew at a moderate pace during the holiday season", according to
      AFP  -  211 words
    • 476 9 WASHINGTON Crises in Asia, Russia, Brazil hit US exports as imports teach record levels Reuters THE US trade deficit swelled to U5515.49 billion (Ss26 billion) in November from a revised U5513.59 billion in October as imports rose to -record levels while exports
      Reuters  -  476 words
    • 142 9 PARIS Reuters INTERNATIONAL money manager George Soros told a financial conference yesterday that an "asset bubble" could be the next threat to the world financial system. Due to high stock market valuations in the US and Europe, reinforced by streams of money out of emerging
      Reuters  -  142 words
    • 516 9 SAO PAULO Investors nervous as central bank leaves overnight rate flat Bloomberg AFP THE Brazilian real plunged on reports that the stock of US dollars at commercial banks is dwindling due to capital flight of more than US$5OO million (*****.7 million)
      Bloomberg; AFP  -  516 words
    • 224 9 BONN FT GERMAN Chancellor Gerhard Schroder has signalled a significant change in his country's policy towards developing countries with an international initiative to speed up and extend debt relief for the poorest nations. Writing in yesterday's Financial Times, Mr Schroder invited support from
      FT  -  224 words
    • 616 9  -  Sip to say Vyamnar 'non-party'to 1980 EU-Asean treaty From Shada Islam in Brussels ASEAN and the European Union have settled their lastminute differences over Myanmar's status at an EUAsean meeting in Bangkok on Jan 24-25, allowing the talks to
      616 words
  • Page 9 Advertisements
    • 213 9 HOTEL INVESTMENT OPPORTUNITY A debt-free and profitable 4-star resort in Berastagi, North Sumatra, Indonesia, is seeking a strategic investor to enter into a shareholding partnership to upgrade existing hotel and participate in expanding the hotel owning company. Such partner should bring incremental value to the company in the form of
      213 words
    • 132 9 I GOLD/ PFEIL I GERMANY Sale up to 50% Sale now on till 31 Jan *99 Unit N0.5, Orchard Parade Hotel, 1 Tanglin Road, Singapore *****5 Tel: 738 7900 #02-28/31 Wisma Atria, 435 Orchard Rood, Singapore *****7 Tel: 834 2191/92 We're open daily from 10.30 am to 9.30pm AURORA made
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  • EDITORIAL & OPINION
    • 845 10  -  THE BUTTOMmnE OPINION By Harish Mehta The writer is BT's Bangkok correspondent He is also BT's Indochina specialist THE leaders of the Khmer Rouge are faying to avoid prosecution and trial, but they must not be allowed to get away with mass
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    • 79 10 'Iniagine a robbery indictment that failed to indicate who or what was robbed, or what property was stolen. Imagine a murder indictment without identifying a victim' -QngvyGhUg defending Bill Clinton in the US Senate, on the lack of specifics in the charges against the president 'I worry
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    • 767 10 EDITORIAL AS reviews go, the IMFs recent self-assessment of the economic programmes it is supporting in East Asia is an extraordinary document The institution has never before in its 54-year-old history produced a comparable post-mortem of its own performance anywhere in the world. Why has it
      767 words
    • 960 10  -  Even as Asia looks to export its way ont of its troubles, an American slowdown may not be tar off By: Mike Loh DrMikeLoh is with Deloitte Consulting. He is the author of "Re-Engineeringat Work", published by Gower of England (1995,1997). The
      960 words
    • 1025 10 What tta»mr left oat THE Asian crisis has humbled presidents, bankers, tycoons, economists, journalists and millions of ordinary people. But not the International Monetary Fund (IMF). The IMF's just published analysis of its policies towards Thailand, South Korea and Indonesia, in which it* has played a
      1,025 words

  • COMPANIES & MARKETS
    • 526 11  -  Analysts say DBS may have to pump in more fnnds to help it recapitalise From, Hariah Mehta in Bangkok DBS Bank's majority controlled Thai Danu Bank lost 8.08 billion baht (Ss37l million) last year as its operations continued to
      526 words
    • 400 11  -  By' Teh Hooi Ling [SINGAPORE] Datacraft Asia, a communications and network system integrator, continued to turn in strong growth despite difficult times: its first half net earnings grew 40.2 per cent to US$9.B million (5516.4 million). For the full year, the company's
      400 words
    • 348 11  -  By Siow Li Sen [SINGAPORE] Two months after its launch, the Singapore International Monetary Exchange's Hongkong stock index futures contract is struggling to stay alive, a victim of the drying up in hedgefUnd activity. Trading has shrivelled, hitting zero volume last Friday, Monday and again
      348 words
    • 746 11  -  HOCK LOCK SIEW R Sivanithy A DEALER with more than 10 years' experience yesterday commented that Merrill Lynch must have made a lot of money from their recent covered warrant issue on the Singapore banking sector. Specifically, the comment was that the US broker
      746 words
    • 264 11  -  SES buying-in leaves short-sellers with heavy losses By I Conrad Raj [SINGAPORE] Interest in CK Tang warrants and its underlying stock continued even as the Stock Exchange of Singapore conducted buying-in operations on them, leaving short sellers with significant losses. Nearly three
      264 words
    • 327 11  -  By\ Siow Li Sen [SINGAPORE] The Singapore International Monetary Exchange may introduce a Euroyen futures contract based on Libor (London interbank offered rate) which, if it takes' off, could pose a serious challenge to Tokyo. Currently, Simex has a three-month Euroyen futures
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    • REGIONAL COMPANIES
      • 337 12 Analysts expect USsl.Bb loan write-off, with provisions up 200% Bloomberg [HONGKONG] HSBC Holdings pic, the UK's biggest bank, will write off US$l.B billion (Ss3 billion) in Asian loans, driving earnings down by as much as 30 per cent, analysts said. The slump,
        Bloomberg  -  337 words
      • 620 12  -  Higher provisions set aside for non-performing loans From. Hariah Mehta in Bangkok NINE Thai commercial banks reported combined losses of more than 210 billion baht (559.7 billion) last year, with some remaining in the red for the second year
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      • 511 12  -  Hutchison Telecom sends 2 senior staff to boost operations Teh Hooi Ling HUTCHISON Intrapage's (HI) shareholders, who were said to be selling out, have now reaffirmed their commitment to the company and are now looking forward to the taste of profits by year end. Intraco
        ARTHUR LEE  -  511 words
      • 278 12 [SINGAPORE] After keeping a low-profile in recent years, United Motor Works founder Chia Cheng Guan was once again the centre of attention yesterday evening. So was his wife, Janet. The occasion was their 60th wedding anniversary celebrations, held at the Shangri-La's Island Ballroom. Some
        SIEW YAW HOONG  -  278 words
      • 283 12 Reuters [LONDON] Laura Ashley chief executive Victoria Egan yesterday vacated one of the most worn seats in the British corporate boardroom, leaving Malaysian businessman Ng Kwan Cheong to try out the chair for size. Ms Egan's departure from Laura Ashley for personal
        Reuters  -  283 words
      • 249 12 Holding company to ghre better control of Thai operations [SINGAPORE] The Hour Glass (THG) is changing the shareholding structure of its business in Thailand to give it greater control over the policies and directions of its Thai operations. The company said yesterday it
        249 words
      • 233 12 Bloomberg [KUALA LUMPUR] Renong Bhd, Malaysia's largest industrial group, said yesterday its property unit missed interest payments totalling 41.4 million Malaysian ringgit (5518.3 million) as the nation's recession takes its toll. Prolink Development Sdn's default on interest payments due to an undisclosed
        Bloomberg  -  233 words
      • 120 12 [SINGAPORE] Bonvests Holdings has applied to the Stock Exchange of Singapore (SES) for a Sesdaq listing of its wholly-owned waste management unit Colex (Singapore). Colex will remain a subsidiary of Bonvests alter the listing, which is still subject to the approval of the SES,
        120 words
      • COMPANY Briefs
        • 80 12 (SINGAPORE] Two directors and two substantial shareholders of PohLisn Holdings have sold more than 15 million shares, or about 7 per cent of the company, In the past week. Almost all the transactions took place at 21.5 cents a share. Directors Lim Ah Leek
          80 words
        • 32 12 (SINGAPORE] Te Lay Guat, a director ofSupercoffee Mix, has sold 30,000 warrants of the company at 30 cents apiece. This reduces his warrant stake to 10.32 per cent
          32 words
        • 38 12 [SINGAPORE] Pacific Can yesterday said the Stock Exchange of Singapore has given in-principle approval for its proposed one-for-two bonus issue. A circular on the issue details will be sent to shareholders.
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    • INTERNATIONAL COMPANIES
      • 429 13 Investors wary after retailer Onsale says it will sell products at wholesale prices Bloomberg [SEATTLE] Shares of Internet companies slumped on Wednesday, led by a 19 per cent decline in No 1 online bookseller Amazon.com, amid concern that earnings and profit margins
        Bloomberg; Compiled by BT  -  429 words
      • 396 13 Bloomberg [WALTHAM, Massachusetts] Lycos Inc, the No 3 Internet search service, said it is seeking an investor as its Web rivals team up with media and technology companies. The disclosure follows the landmark US$7.2 billion (5512.1 billion) acquisition announced yesterday of No
        Bloomberg  -  396 words
      • 321 13 Money to be spent on Rambus DRAM chip facilities Reuters [SEOUL] US chipmaker Intel Corp has agreed to invest US$lOO million (Ssl6B million) in South Korea's Samsung Electronics Co Ltd to expand cooperation in the next-generation memory chip industry, Samsung said yesterday. Under the
        Reuters  -  321 words
      • COMPANY Briefs
        • 52 13 Bloomberg [DEARBORN, Michigan] Ford, the world's No 2 automaker, said fourth-quarter earnings rose 6.5 per cent on strong North American sales of high-profit trucks. Profit from operations rose to US$l.67 billion (Ss2.B billion), or US$l.35 a share. Ford was expected to earn US$l.27
          Bloomberg  -  52 words
        • 53 13 Bloomberg [MURRAY HILL, New Jersey] Lucent Technologies, the world's largest phone-equipment maker, was expected to report higher fiscal first-quarter profit yesterday amid strong demand from phone companies. Lucent is expected to earn US$l.Ol a share. A year ago, tt had profit of 86 cents
          Bloomberg  -  53 words
        • 66 13 Bloomberg (NEW YORK] Shares of tobacco companies fell on Wednesday after President Bill Clinton said the US government will sue cigarette makers to recoup billions of dollars spent treating sick smokers. Philip Morris fell 2 3/16 to 48 Hin late trading. UK-based British American
          Bloomberg  -  66 words
        • 48 13 AFP (DARMSTADT, Germany] German pharmaceuticals maker Merck KGaA said group sales totalled 4.15 billion euros (SsB billion) in 1996, an increase of only 1.8 per cent. "The currency turbulence in Asia and Latin America was largely to blame for this," Merck said.—AFP
          AFP  -  48 words
      • 490 13 US COKFOKATO RESULTS Sales of consumer electronics chips np 13% from third qtr Bloomberg [DALLAS] Texas Instruments, the biggest maker of semiconductors for cellular phones, said fourth quarter earnings rose a better-than-expected 8.2 per cent, fuelled by demand for its processors
        Bloomberg  -  490 words
      • 498 13 Bloomberg [DETROIT] General Motors Corp's fourth-quarter earnings rose 55 per cent, easily beating expectations, as the world's No 1 car maker recovered from two crippling strikes and boosted sales of high-profit pickup trucks. GM's profit from operations climbed to US$2.l9
        Bloomberg; FILE PHOTO  -  498 words
      • 279 13 Bloomberg [MILPITAS, California] Quantum Corp, the No 2 US independent computer diskdrive maker, said on Wednesday that fiscal third-quarter profit rose 8.1 per cent, higher than expected, as demand for personal computers boosted sales of its disk- and tapedrive products. Profit before charges
        Bloomberg  -  279 words
    • FINANCE & COMMODITIES
      • 447 14 Begnlatora can then rety more on bank's share price to gauge company'i health Bloomberg [NEW YORK] Bank regulators worldwide should push commercial banks to release more information to investors as part of an effort to prod industry to play a greater
        Bloomberg  -  447 words
      • 238 14 Bloomberg [TOKYO] Daiwa Bank, Japan's 12th largest lender, and Sumitomo Trust and Banking Co, the second largest trust bank, have denied a Japanese press report that they are studying a merger. Daiwa Bank and Sumitomo Trust are thinking of merging by April 2000,
        Bloomberg  -  238 words
      • 114 14 [COSTESTI, Romania] Romanian coal-miners on strike yesterday making victory signs as they pause on their march, now into the fourth day, towards Bucharest. The miners, who are striking to demand a 35per cent wage rise and protesting against the planned closure of 140 pits,
        REUTERS  -  114 words
      • 289 14 Bloomberg [LONDON] Barclays Global Investors, the fund management business of Barclays pic, surpassed Schroder Investment Management in winning the most new business in 1998 as companies switched to passive fund managers from active. BGI, which controls about four-fifths of its
        Bloomberg  -  289 words
      • 369 14  -  Stanchart first to offer service to corporate customers By' Toh Han Shih [SINGAPORE] Standard Chartered Bank Singapore yesterday launched Asia's first Internet foreign exchange dealing service. The service, called On-Line Treasury, allows real-time electronic foreign exchange and money market transactions for corporate customers. On-Line
        369 words
      • 275 14  -  Arrangement covers S'pore firms planning to invest overseas By I Soh Tiang Keng [SINGAPORE] ECICS Credit Insurance of Singapore and Japan's Ministry of International Trade and Industry have signed an agreement to establish a reinsurance arrangement for overseas, investment insurance. A memorandum
        275 words
      • 332 14  -  By' Wong Wei Kong JURONG Town Corporation's inaugural offer of $280 million of 10-year bonds was 3.1 times subscribed by institutional investors when the offer closed yesterday, beating the 2.6 times rate for its seven-year bond issue last November. The statutory board
        332 words
      • 250 14 Bloomberg [SEOUL] Prudential Asset Management Asia, a unit of Prudential Insurance Co of America, has hired Acts Capital Management Co to advise it on investing more than US$lOO million (Ssl67 million) in Korean stocks and convertible bonds. Acts president Chung
        Bloomberg  -  250 words
      • 192 14 Bloomberg {TOKYO] Credit Suisse Group's Tokyo operation is under investigation by Japan's Financial Supervisory Agency, an official in the agency's investigation division said yesterday, without giving details. The announcement comes alter the Nihon Keizai reported the agency is examining derivatives trading at Europe's sixth-largest bank.
        Bloomberg  -  192 words
      • 179 15  -  cnraT Reports —mil ffiiippnuft IkiAwr Bob Butcher THE MSCI Singapore Free Index fell back to the top of its previous trading range yesterday as the sense of relief of turbulence in world markets abated. The January lead month contract opened at the high price for
        179 words
      • 194 15  -  MSdlUnaMm Cecilia Woo THE Simex MSCI Taiwan Stock Index futures finished up on both the January and February 99 contracts. The January 99 futures contract held above the 260.0 level, with the low at 261.5 while the stock index kept itself above the critical 6,300
        194 words
      • 335 15 ENERGY REPORT Bloomberg [NEW YORK] Crude oil rose more than 2 per cent yesterday on speculation that a report of lower-than-expected US inventories could signal the erosion of a supply glut that sent prices to 12-year lows last month. Crude supplies stand
        Bloomberg  -  335 words
      • 313 15 Reuters Bloomberg London DATA showing a wider-than-expected US trade gap and signs of fading business confidence in Germany knocked the US dollar. The greenback was already depressed against the yen by US threats to Japan over its steel exports, dealers said, and slipped further after US Commerce Department
        Reuters; Bloomberg  -  313 words
      • Article, Illustration
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      • 1284 15 HOOMPBTUMi Jan 21 MM uopti KStCMmuaa«M OM MM opm I— I— fctt (t—» Wwn f*» w.oo j» ■w* qoloo use £8 I Mm9f ***** HI ***** 000 i Mw Om HMI In tm ((MM} Maw NOW 6450 »0 Hvff TWO !A5 Apr* 7100 7175 TUB 100 2275 S£ SS SS
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    • Article, Illustration
      1174 16 AFP DinW -MU» HONGKONG stocks closed sharply lower yesterday on concerns about the financial health of China-related firms and local banks' earnings, analysts said. The Hang Seng Index ended down 266.34 points or 2.6 per cent at 10,048.57. Total turnover was worth HK15.5 billion. Dealers said banking and property
      AFP  -  1,174 words
    • 1754 16 Jm21 Noco 31 Croup *****0 <000 At Ports 260.000 -84)00 AMay National r*y\ /}q*\ wch UM Oomocq til jftfi -3400 JUMZwtdl 925.000 -LOOO amoc waooo -cooo Aid* Croup *56.000 5400 BAT M 625.000 -MLOOO KMC 386.400 -H200 HCC 6X000 -1000 •OC Group 840.400 18.400 BRFotroloum 924.400 inch
      1,754 words
    • Article, Illustration
      478 16 Reuters DSh«Aaßhig -0.42 SHENZHEN'S hard currency B share set a record closing low for a third consecutive day yesterday, ending down as expectations of slumping 1998 profits triggered foreign selling, analysts said. The B Share Index closed down 0.42 of a point, or 0.85 per cent, to 48.33. Turnover
      Reuters; Source:  -  478 words
    • 322 16 AFP Hwpmb *hm TAIWAN share prices closed 0.3 per cent higher yesterday despite late profit-taking that trimmed early gains, analysts said. The TSE Weighted Price Index rose 21.49 points 6,332.20, following a 0.5 per cent decline in the previous session. "Yesterday's rise was only a technical rebound. Inves- tors
      AFP  -  322 words
    • 1435 16 AFP Buma *aua SHARE prices in Tokyo rose 1.5 per cent yesterday on stronger bank shares amid expectations of farther progress in the state-backed restructuring of leading banks, brokers said. The key Nikkei 225 Index gained 217.37 points to finish at 14,245.42 points. An estimated 539 million shares changed
      AFP  -  1,435 words
    • KUALA LUMPUR STOCK MARKET
      • 231 17 POnporitolilg ♦1&JB5 MALAYSIAN share prices ended 2.6 per cent higher yesterday on local institutional support for index-linked stocks after a five-day holiday. "Institutional support on heavyweights such as Genting and Maybank boosted the bourse," an institutional dealer with a local brokerage said. The Composite Index rose
        231 words
      • 7808 17 Cnhmt prefects I*M Laat v«i Day Mat Cap m> Law Clipiky Bala -000 MM* Law P/l fB 310 292 Aflnomolo 310 10 M XO 17.1 125.6 •3 73 Anphaaa 76 unci* 70 79.3 74.5 112.1 2S3 255 Apo«oFaodMlg 270 6 2 270 270 M 10X0 204 178 BarfayaLand 193 IO
        7,808 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 210 18  -  WARRANT WATCH -Br R Sivanithy IF anyone wanted to know why warrants can be more profitable than shares, they need to look no further than the movements posted by construction stock Lim Kah Ngam (LKN) yesterday. The shares surged 29 per cent, which was
        210 words
      • 188 18 Of Or H* rm Om, LartOmte 01* M* VH MM MC« HM. u» Um Cmmm coop) nm> u» cv wt 5123 COL(fOOO)HK 400 44 2 20.3 7744.7 5124 CAttwy Ptc 20c HK_720 265 U M 6 2474* 4 5125 ChMi«Un«S0cHK.T7M 240 4J 4.7 NMJ 5124 MK7*S0c400HK_5M 136 1304.5
        188 words
      • 1807 18 S2-W* LMt V* 0«v L».« Owtl A?1 tgg> t— X— Cw—«y Uf «f- COOP) Hl«h Law »»»f Wh» Prtca 209 3 31*0 *Acf W*****1 OSS 13 M 136 M 13 13 115 35 43 3164 AcmaW0W724 203 -LS 529 22.5 20.3 20.5 21 23 SMI AMTach W0I0607 28.3 j, 12.5
        1,807 words
      • 240 18 AFP □Weffingtw -175 NEW Zealand shares fell 0.1 per cent on profit-taking yesterday after five consecutive days of gains, but brokers said the large volume traded was still a positive. The NZSE-40 Capital Index closed down 2.75 points at 2,216.87. Turnover was worth NZ5202.73 million. —AFP v- c—» ANZ
        AFP  -  240 words
      • Article, Illustration
        699 18 AFP PSETMg 41 THAI shares slipped 2.3 per cent at the close yesterday as investors sold off bank shares amid a raft of poor profit results, dealers said. Analysts said Thai Farmers Bank pic's net loss of 39.88 billion baht (551.83 billion) in 1998 indicated the massive provisioning burden
        AFP  -  699 words
      • 253 18 AFP □■mil* -&M PHILIPPINE share prices closed 0.2 per cent lower yesterday as the market consolidated, analysts said. The Philippine Stock Exchange Composite Index fell 3.59 points to close at 2,142.80 points. Turnover rose to 1.41 billion shares worth 1.96 billion pesos from 661.7 million shares worth 2.07 billion
        AFP  -  253 words
      • 368 18 AFP nO—iitaMg -fljlflF SOUTH Korean share prices plunged 5.1 per cent to below the psychologically-impor-tant 600-point level yesterday on profit-taking following recent steep rises, dealers said. Investors also reacted negatively to external factors including continuing concerns over a possible devaluation of the Chinese yuan. "Investors were oversensitive to foreign
        AFP  -  368 words
      • 560 18 AFP QAllOrthiriM -M.7 SHARES fell 0.7 per cent yesterday to end a four-day positive streak as investors took their lead from a weaker US market, brokers said. The All Ordinaries Index tumbled 20.7 points to 2,852.0. The All Resources Index slipped 13.0 points to 969.0, while the All Industrials
        AFP  -  560 words
    • 6090 19 Transact ior in 21 6c 6r M Wt Val Day Last Oust* Dtv Dlv Vld Nat Cap Avg StW Cmmiy Sala COOP) High Law ggyaf laBar H C'vr P/C $mW Prtca MULTI MMISTIY 142 T7.5 m t IOOO Acma SOc 78 -3 5K> 80.5
      6,090 words
    • 1168 19 Or Of M Wt Last Val My LaatOwta 01* M* VM Mat C«# Av« MN> L— Cinn COOP) 8»»ar M> fw W PHta 243 30 2049 AS Auto IOC 100 -9 839 n3 107 107 MM 15 N 7 14 10 3 123.3 112 79.5 45 a 2051 ASJ
      1,168 words
    • STOCK EXCHANGE OF SINGAPORE
      • 340 20 SfdB ¥•<■» CKTang Wt99 31,778,000 STEngglOc 15,964,000 SenftCorpi 25c M.523,000 SingTel 15c 12.668,000 OeSUnd 10,265,000 CK Tang 20c 7,547,000 SCoffeemix5c 6,458,000 Um Kail N9M 6,397,000 08S50SGCW99 4,683,000 008 Foreign 4,186,000 Mwfci > OSS Foreign 44,962,848 OCBC Foreign 38,905,530 S«mbCorp( 25c 34,375,270 SingTel 15c 30,415,329 008 Foreign 29,676,774 D6SLM4 26,306,304 STEagglOc
        340 words
      • 616 20  -  STOCKMARKET COMMENTARY Weakness on regional markets and Greenspan's warning on Wall Street among factors cited By R Sivanithy [SINGAPORE] Weakness throughout the region and an air of caution surrounding Wall Street after warnings by US Fed chief Alan Greenspan about the heights US
        616 words
      • ON THE GRAPEVINE
        • 71 20 IN this age of political correctness where lots of things are out of bounds, a recruitment ad from the fUnd management arm of the giant insurer, Prudential, took some by surprise. Apart from the usual requirements like resume, applicants for the three positions are also required to
          71 words
        • 87 20 THERE 1* an "unofficial ben" on China lending among international banlu in the wake of Beijing's decision to declare Guangdong International Trust and Investment Corporation bankrupt According to basispolnt, a regional debt markets newsletter, bankers and international investors will shy away from China loans and bonds, a move
          87 words
        • 126 20 MALAYSIAN brokers are saying the much-anticipated exit tax on foreign portfolio investments is expected to be introduced by the authorities within the next month. According to market talk, the exit tax will be on a staggered basis, ranging from 30 per cent if money is
          126 words
        • 95 20 HERE'S a story that seems to reflect the current regional situation. A colleague with a crumpled A!5O plastic note decided to sxnootben it out with an iron, placing the note between two sheets of paper. It worked fine. Another colleague heard about his feat and
          95 words
      • Article, Illustration
        61 20  -  -By Wong Wei Kong ST Engineering shares fell $0.07 to $1.60 yesterday on a volume of 16 million shares, compared with its 10-day traded average of 8.2 million shares. The daily and weekly RSI, Stochastics and MACD charts suggest that there may be more downside before the stock
        61 words
  • Page 11 Advertisements
    • 72 11 GIRARD PERREGAUX pour FERRARI F 310 B *&'4\flttr? V«* V* .-,^«^peT t* wi >■ .•> <-^-■.-•*-• j^ggaagwKgsiMWg" r 18K white gold automatic chronograph with perpetual calendar. Also available in titanium. Exhibition At Paragon 20-31 January 1999 GP 1 Girard-Perregaux Manufacture depuis 1791 Available at all authorised retailers f Exclusive Distributor:
      72 words

  • Page 12 Advertisements
    • 47 12 jy> THE WORLD'S LEADING OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS I Incorporation Fees from US$5OO J BAHAMAS JIRStY W J fs R LANDS V RGirj MAURIriUS 5 k m CAYMAN SFYCHULES^S^ ISLANDS SAMOA IRFI AND m Visit OCRA definitive Offshore Companies Web Site at www ocra com
      47 words
    • 9 12 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes
      9 words

  • Page 13 Advertisements
    • 114 13 £k f\/jT2r ftk* *>» G\ ""^HI Hpf *wBP* i 'tl 1 VV J* 1 k "1 RM i y^?R^ .«3Mt.-.M MV v JIP— k. ,^®jlWJlHHj jfc'A Jl.c? I wjf M- ®^teßf^®ttf^l!l3^^ns."^i^- -S in solid gold. resistant ~tb 150 m (about crown and case back. Folding bracelet clasp with double safety
      114 words

  • Page 14 Advertisements
    • 85 14 G L Calvin Klein Yves Saint Laurent short-sleeved, long-sleeved, Guy Laroche Shorts, tees, jeans, shirts polo-shirt I pants bermuda IMMM) aA COLLECTION QflO/ A blouse, jeans scarf I ffl Branded Watches, f II Branded Pens, W f V IIIjMjftJLAIJ Branded Lighters DISCOUNT Venue: Singapore International Convention Exhibition Centre, Suntec City
      85 words
    • 15 14 TODAY Wianhe Zaobao i I QfMt&M .MiMHEJI Usui SS L~.»»»..—--igiMlW in M i i,l, 1
      15 words
    • 209 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LONG HENG HUNG PTE LTD It— I l|,.L,.,|,||| (in MfnMrl vOludury Liquidation) NOTICE 18 HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. SO that the Final Meeting of the members of the abovenamed
      209 words


  • Page 16 Advertisements
    • 103 16 NOTICE IS HEREBY GIVEN that I, SEAH SIANG KWEE of BUc 417 Hougang Ave 8 #11-970 Singapore *****7, have applied for a Retail Liquor Shop licence in respect of M/s Shinkaiyo Pte Ltd located at 750, East Coast Parkway Singapore *****2, and that this application will be considered by the
      103 words
    • 109 16 NOTICE IS HEREBY GIVEN that, I, LIEW WEI MUN of Blk. 925 Tampines St 91 #09-275 Singapore *****5, have applied for a Ist Class Public House (extended) License in respect of M/s JACKSPEED PUB located at Blk. 31 Tampines St. 92 #02-01 Singapore *****1, and that this application will be
      109 words
    • 106 16 NOTICE IS HEREBY GIVEN that I, lAN SIEW PENG of Blk 97, Bedok North Ave 4 #11-1509 Singapore *****7, have applied for a Beer House, Second Class licence in respect of M/s Keypoint Food Court located at No 371 Beach Rd #01-16,17,18 Singapore *****7, and that this application will be
      106 words
    • 109 16 NOTICE IS HEREBY GIVEN that I, WONG SENG POH of Blk 464 Upper Setangoon Road *04-1229 Singapore *****4, have applied for a Wholesale Liquor Shop Licence in respect of M/s S H Distributors Pte Ltd located at 317 Outrun Road #01-22 Concorde Hotel Shopping Centre Singapore *****5, and that this
      109 words

  • Page 17 Advertisements
    • 106 17 NOTICE IS HEREBY GIVEN that I, SEE CHU CHONG of Blk 105 Serangoon North Ave 1 #05-739 Singapore *****5, have applied for a Public House First Class Licence in respect of M/s Touch The Heart Music Lounge located at 45/47 Joo Chiat Place Singapore *****9, and that this application will
      106 words
    • 103 17 NOTICE IS HEREBY GIVEN that I, LOW CHONG LEE of Blk 31, Tknglin Halt Road, #03-188, Singapore *****1, have applied for a Public House, First Class Licence in respect of M/s SUSHI-TEI located at 290 Orchard Road, *05-01/04 Paragon, Singapore *****9, and that this application will be considered by the
      103 words

  • Page 18 Advertisements
    • 105 18 NOTICE IS HEREBY GIVEN that I, lAU LEONG ENG of Blk 419, Yishun Ave 11, #05-369 Singapore *****9, have applied for a Retail Liquor Shop Licence in respect of M/s Heng Eng Boon Minimart located at Blk 419, Yishun Ave 11, *01-379 Singapore *****9, and that this application will be
      105 words
    • 105 18 NOTICE IS HEREBY GIVEN that I, ONG POH CHYE of Blk 786F Woodlands Drive 60 #0603 Singapore *****6, have applied for a Retail Liquor Shop licence in respect of M/s Hong Li Minimart located at Blk 832 Woodlands St 83 #01-69 Singapore *****2, and that this application will be considered
      105 words
    • 105 18 NOTICE IS HEREBY GIVEN that I,TAN GIM SUN of 57 Terang Bulan Ave, Singapore *****0, have applied for a First Class Public House licence in respect of M/s CLUB 118 Karaoke Lounge located at 101 Victoria Street, Queen Wing Ground Floor, Singapore *****8, and that this application will be considered
      105 words
    • 160 18 NOTICE IS HEREBY GIVEN that I.YEO MEOW GEK of Blk 560 Hougang St. 51 *04-406 Singapore *****0, have applied for a Retail Liquor Shop licence in respect of M/s Season Titbit located at 21 Hougang St. 51 #01-39 Singapore *****9, and that this application will be considered by the Liquors
      160 words

  • Page 19 Advertisements
    • 29 19 finance i jjj rn» HI: 4W 4222/4W lucll »M< III: 282 1458/1818 BHllr Til: 446 8811/8255 > Brtlt !■«> Hi; *****U/1»1» E«»t C«wt Ttl: I 4« 88/BM S>ni|Mi Til: 218 MM/MN
      29 words

  • Page 20 Advertisements
    • 459 20 M THE MATTER OF THE COMPANY* ACT, CAP. 80 COM FOOO MACHINERY WWQAPORE) (In Voluntary Liquidation) At aa Extraordinary Geaeral Meetiag of the above Compeay duly coevened aad held at 190 Middle Road #14-02, Fortune Centre, Singapore *****9 oa Friday 22nd Jaauary 1999 at lOnan., the following special resolution was
      459 words
    • 430 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 02 TECHNOLOGY PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 12 Jalan Lemtoah Kailang, Singapore *****8 on the 18 January 1999. the following resolutions were duly passed:1. SPECIAL RESOLUTION WINDING-UP That the
      430 words
    • 535 20 M THE MATTER OF THE COMPANIES ACT, CAP. SO AMD M THE MATTER OF YEO CHEONQ BOON PRIVATE LIMITED (in Morno6fi voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290<2)<b)] At an Extraordinary General Meeting of the Company heM at YWCA Fort Canning Lodge, 6 Fort Canning
      535 words
    • 474 20 FORM 69 (3) (Rule 91) NOTICE OF INTENDED DIVIDEND IN THE HIGH COURT OF THE REPUBUC OF SINGAPORE COMPANIES WINDING UP NO. 212 OF 1986 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF E.G. TAN CO (PTE) (In Liquidation) Name of Company E.G. Tan
      474 words
    • 262 20 r M THE MATTER OF TX COMPAMES ACT, CAP 90 AND M THE MATTER OF COBMAUOMT MVUTOHI m uaarrco (In MMnbifi' Voluntary Llquidstton) NOTICE OF FMIAL MEETING NOTICE IS HEREBY OIVEN pursuant to Section 308 of Vie Companiee Act, Cap 50, Rial a Rnal Meeting of tfia Membere of the
      262 words
    • 837 20 THE STRAITS TIMES CLASSIFIED osk YOUR GUIDE TO MORE PRODUCTS SERVICES jjgf US$BO,OOO,OOO FLOATING RATE NOTES DUE 2000 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 3-month period from 22nd January 1999 to 22nd April 1999 (90 days) is
      837 words
    • 530 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NtKKO CAPITAL SINGAPORE PTE LTD (In Miiwbin' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Purauant to Section 290(2Kb)] At an Extraordinary General Mooting of the Company hold at 9 Panang Road *13-21 Park Mall. Singapore
      530 words

  • EXECUTIVE Lifestyle
    • 1636 21  -  COVER STORY What developments can we expect on the shopping front in the months ahead? tam su yen reports TAN SU YEN AT CAUSE WAY Point, Singapore's newest suburban mall, two equally aggressive budget stores, 0ne.99 and Shop n Pay, slug it out eyeball-to-eyeball for the
      FILS PHOTO  -  1,636 words
    • ENTERTAINMENT
      • STRAWS In The Wind
        • 74 22 OVERHEARD on a recent flight to San Francisco. The safety video was playing and a four-year-old Australian boy who was travelling with his older brother and father was watching the screen in front of him intently. When he heard the line about how adults should
          74 words
        • 57 22 DOES this sound like a dream home or what? Seen in the classifieds section of a local magazine was this property which was up for rent: "Changi colonial bungalow, majestic spacious rental to share—fully furnished, maid service, food, toothbrush. $1,500 inclusive." We can think of many who wouldn't
          57 words
        • 67 22 YOU'VE heard of lion and lioness, tiger and tigress, but what do you call a female mongrel dog in a bad mood? The answer lies in this advertisement in the "Found" section of The Straits Times classified ads. It said: "Cross Mongress Found," What if
          67 words
        • 28 22 BETTER check your mood before you drive in Hongkong. According to a government statement there, a woman had been arrested for "furious driving".
          28 words
        • 59 22 TALK about inappropriate titles. You'd think "Swelling and Inflammation" would be the name of some school health exhibition about poor hygiene or something along those lines. Instead, it's an art exhibition which "explores the historical relationships between man and nature", "harmony and conflict", and so
          59 words
      • 606 22  -  CINEMA Meet Joe Black could have been a really engaging romantic movie. Unfortunately, it gots sidetracked by too many unimportant issues By\ Susan Tsang THIS film has an interesting premise and some very big actors, but the romance involving Death (as a handsome young man) who
        606 words
      • 411 22 TELEVISION LAT-WP [LOS ANGELES] The recent deal between Microsoft, Ragdoll Productions and itsy bitsy Entertainment Co to develop interactive toys based on the hit TV series Teletubbies highlights concerns about the unsettling alliance between children's television and merchandising. Featuring a band
        LAT-WP  -  411 words
      • 538 22  -  CINEMA Special effects aside, there's hardly anything electrifying in this tale of alien invasion By: Parvathi Nayar VIRUS is that dreaded celluloid harmony, the one-note movie. Based on an original series from Dark Horse comics, the film's take on alien invasion offers a sentient electric
        538 words
      • 603 22  -  CINEMA The doughty duo in Simon Birch succeed quite admirably; the two in The Mighty hardly inspire any confidence By\ Susan Tsang MOVIES are not child's play. This is illustrated by The Mighty and Simon Birch, two children's movies which feature pairings of two misfits
        603 words
    • VIEWPOINT
    • PROFILE
      • 1463 24  -  Ernest Hemingway is revered by many as an icon of American fiction whose characters influenced a whole generation of college students. Others consider him a macho pig, a bigot and a boor. Like him or loathe him, he remains among the greatest stylists of the century, says
        LAT-WP; FILE PHOTO  -  1,463 words
      • 1290 24  -  SOCIETY IcwpariMßiftlMtwv offers a hard look at contemporary feminism and at how love and ideology dent always mesh By Ana Taylor Fleming LAT-WP [LOS ANGELES] Is there any yardstick, any stretch of the imagination, by which the late Princess of Wales might
        LAT-WP  -  1,290 words
    • MOTORING
      • 1511 25  -  CHRISTOPHER tam gives you a sneak preview of whaf s coming your way in 1999 CHRISTOPHER TAN ITS the year before the new millennium. Or the year before the year before the new millennium. Whichever way you time it, some car makers are likely
        1,511 words
    • LEISURE
      • Article, Illustration
        438 26  -  Compiled by M Yasotha MUSIC Saint Paul Chamber Orchestra This highly-acclaimed orchestra, led by its music director Hugh Wolff, has drawn a large following in both Europe and America with the startling precision of its ensemble work. Two different programmes have been lined up. The first night features
        438 words
      • 1065 26  -  Period instrument performance if s a term often heard nowadays. But what does it mean? And how does it differ from a performance given by a conventional orchestra? p ttu gets some answers from Trevor Pinnock, director of the world-renowned English Concert P Y
        1,065 words
    • Article, Illustration
      722 27 Bride Of Chooky. In this sequel, the killer doll gets a girlfriend. Republic, Century. A Bag's lite. Animated take on the life of ants. Orchard, Eastpoint, Yishun. Clay Hnw. Vince Vaughn in a story of sexual intrigue. R(A). Lido, Oriental, Yangtze. Dance With Me. Vanessa Williams celebrates the passion
      722 words
    • 118 27 Cathay Or* Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whrtesarxis 585-1782 Ookton Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina TampinesB Tnngßahru Yishun Ov#rtMS Movie Clement i/Co'wealtti 777-0669 Golden/New Town
      118 words
    • EPICURE
      • 840 28  -  Pork ribs cooked with coffee the combination shocked the guests gathered at Wolfgang Puck's Food Wine Experience in LA. Until they tried it that is. And the man behind the dish? None other than Sam Leong, chef de cuisine at Four Seasons Singapore, tax su Targets
        SIEW YAW HOONG  -  840 words
      • 626 28  -  RESTAURANT By] Rahita Elias SAY "pancake" and what comes to mind immediately are mounds of thick, fluffy flapjacks smothered in maple syrup. But the Old Dutch Pancake House, which opened here recently, should change that perception quite dramatically. Its pancakes, which are about 30cm
        SIEW YAW HOONG  -  626 words
      • 253 28 CRAVINGS THE NEW YEAR celebrations are over but millennium fever starts in earnest. The Ritz-Carlton Hotel Company has unveiled its millennium plans, the most exclusive of which is "The Ultimate Experience", available to just one couple in each of the group's 35
        253 words
      • 81 28 THEY LOOK like miniature pomelos, but the green, fleshy citrus fruits found in Cold Storage in recent weeks are actually Israeli grapefruits which go by the cutesy n«m> of Jaffa Sweeties. Retailing for about $1.50 each, the pale fruit has the refreshing, juicy flavours of pomelo and the
        81 words
      • 85 28 JOIN the Hari Raya festivities at Indonesian restaurant Kintamaniln Apollo Hotel, which it rrffrring r> Itofi v Rayabuffetfrom Priced affordably at $18+++ for lunch and $19+++ for dinner, the spread includes Ayam Bumbu Matah or Shredded Chicken with Chilli Lime, Sop Buntut Nusantara or Oxtail Soup, and
        85 words
      • 94 28 CHINESE restaurants used to have dimsum trolleys from which restaurant patrons could pick their choice of delectable bites. Now tea trolleys are making an entrance. Cherry Garden in The Oriental Singapore recently Introduced a tea trolley service at lunch and dinner featuring classical teas like the
        94 words
      • 112 28  -  Compiled by Tan Su Yen IT WILL BE a night of Shanghainese glamour at Club Chinois on Jan 24 as the Singapore Symphony Orchestra Ladies League and the Tung Lok group celebrates the orchestra's 20th anniversary with a fund raiser. Club Chinois will be transformed to
        112 words
      • 665 28  -  THEME RESTAURANT The service at Snoopy Place on a bad day is enough to make Spike scurry hometoNeedles By 1 Tan Su Yen "GOOD GRIEF," Charlie Brown would mutter in dismay if he had the experience of dining at Snoopy Place, the newly-opened
        665 words
    • STYLE
      • 815 29  -  The Brave New World exhibition breaks no new ground, but provides an interesting overview of the kind of work currently being produced in Singapore, says faavathi mil PAKVATHI NAYAR THIS year's opening exhibition at Soobin Art Gallery showcases some 40 works by a group of
        815 words
      • 545 29  -  GOOD FINDS Character with a capital C-that about suns up Eclectic Attic's motley assortment of collectibles By' Tan Su Yen AT THE door, a pink feather boa is draped over a vintage velvet gown. Deeper into the maze of collectibles, a cast iron angel lamp keeps
        545 words
      • 756 29  -  FURNITURE At Moss Uving, the emphasis is on offerings wide variety of designs to suit as many tastes as possible By, Jaime Ee IT SEEMS to be the mantra these days for furniture stores value-for-money, we can give you the designer look at a fraction
        756 words
  • Page 21 Advertisements

  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 155 22 CRYPTIC CROSSWORD lead to row (7) a fckHtae tetters 8 CVerywhcrc for a YEOTEWIArB SOtDTWW and got indulgent (7) 14 If sitting, have a drink first (9) DOWN 16 Off to a dance with student, for 1 Where birds fight for room to a story (9) idialnig*rßAßSßißaß manoeuvre (7) 17
      155 words

  • Page 23 Advertisements
    • 87 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. RESULTS OF LAST WEEK'S POLL: Theatre and cinema: Which do you prefer to watch? Theatre. It's live and therefore calls for better acting—lB.9per cent Cinema. It's slicker, with better
      87 words



  • Page 26 Advertisements
    • 425 26 Where to wine, dine and entertain..."""? atover3o,ooo locations worldwide. 290 4545 Every Saturday and Sunday pamper yourself (ram m early as 12.00pm to our sumptuous High Tea Buffet of papular Asian and Western sweets and savouries at Clft Victoria. CALL 330 3585 OR 330 3590 FOR RESERVATIONS <^DN 76 Bras
      425 words
    • 162 26 Trevor Pinnock and the English Concert perform on Feb 9 (Charity Premiere for Hope Fund) and 10, Victoria Concert Hall, 8.15pm. Tickets: Charity Premiere—s2oo $100. Call Hope Fund at teL323-1119. Feb 10— $125, $95&575. Call Sistk at teL--348-5555. IS. J #H n n v^Y $25 BEIJING DUCK DURING THIS MONTH
      162 words

  • Page 27 Miscellaneous
    • 2080 27 TODAY'S TV L3S am Ranma 1/2. »I«WUMI u. PM TV Innovations. J£ 3E£SKi.OfT«. 480 Kidz Blitz: Sesame jm? 4.00 TV Innovations. hired by the residents street. 800 See Saturday's Schedv c aiiiuiig a Qity to save them from am Kidz Blitz: Amazing Anithe ruins an extremist group. The JS Bite
      2,080 words



  • EXECUTIVE Money
    • PERSONAL INVESTMENT
      • 1049 30 BULVBEYE 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, Phillip. Great Eastern Life ♦(Boy)—Fraser-AMMB Research, Jan 18, $10.20 Using the Embedded Value approach, the fair value
        1,049 words
      • 1201 30  -  If and when it happens, the merging of the local and foreign tranches is likely to throw up questions of fair value, and compensation, loots bbcxhrxjmo looks at some of the possible answers LOUIS BECKERLING THE domestic stocks of the Big Four Singapore
        Source:; FILE PHOTO  -  1,201 words
      • 777 30  -  Analysts cite retain of buyers, share prices Mow NAY By' Yen Sreentvaaan PROPERTY stocks are set to stay the course despite having run up sharply in recent months, say analysts. Despite the fact that most property stocks are trading at more than double their
        Source: Bloomberg  -  777 words
      • 805 31  -  Microsoft's 75% profit increase may have helped prop up local counters, but analysts aren't ready to raise profit forecasts yet reports loots LOUIS BECKERLING Electronic counters weathered the sell-off on the local sharemarket comparatively well yesterday —and in part may have Microsoft to thank for the
        Source: Bloomberg; FILE PHOTOS  -  805 words
      • Article, Illustration
        340 31 Compiled by BT inviitminl objicllvi To achieve long-term capital growth by Investing mainly in Hated securities on Singapore and Malaysian stock exchanges. ri* v InvMtinent stylo A value-oriented investment philosophy and a top-down approach to the investment process. Long-term investment success can be attained by Investing in companies
        Compiled by BT; Source:  -  340 words
      • 755 31  -  THBFDVBRPODVT Speculators still chasing C K Tang shares are ignoring reason and tact, driven only by greed By Conrad Raj THE speculators who have recently poured millions of dollars into buying C K Tang shares and warrants apparently know something that the company itself
        755 words
      • 263 31 UfiT TRUST/SECTOR MONTHS: 30JUNM-1&1ANW) CHANGE RANK Templeton EQ 93.95 1 Templeton tF Thailand/Thailand EQ 58.2 2 Schroder Singapore Trust/ Singapore EQ 53.4 _3 UOB United Regional Growth/ Far East PacEx Jap EQ 47.1 4_ UOB United infl Growth/Global EQ 43 37 5 RyeArrowe Alien Bond
        263 words
    • RESIDENTIAL PROPERTY
      • 1419 32  -  Homebuyers have about 350 leasehold landed properties to choose from in today's market ako wan mat highlights some choices ANG WAN MAY THE sell-out success of the Kuok Group's cluster housing project, Summer Gardens, is evidence that there is a significant group of homebuyers looking
        FILE PHOTOS  -  1,419 words
      • 587 33  -  CrawifinUi Summer Gardens' successes are signs of the east coast's appeal By] David Boey IT was a scene reminiscent of the height of the property bubble, when virtually any condominium sold and sold. Last weekend, hordes of avid house-hunters headed east to DBS Land's Casaflna
        587 words
      • 760 33 Property transactions for districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between Dec 13 1998 and Jan 16 1999. PROJECT NAME/ POOP CONTRACT TENURE BULT-M/ PRICE PSF STREET NAME TYPE GATE UWOAREA* (SOFT) (SS000) (SS) District 15 Butterworth View Apt 23/09/98 FH 1227
        760 words
      • 1764 33  -  The recent court case concerning a homebuyer's dispute over the terms 'built-in' and 'built-up' is likely to have implications for the property market, corxmme sebk gives a run-down of the proceedings CORINNE KERK Theoase Roger Lim BioHiong, a computer engineer, sued listed developer City Developments Ltd
        FILE PHOTO  -  1,764 words
    • PERSONAL FINANCE
      • 579 34  -  Insurers may have a role to play with the increasing loss of jobs amid the economic downturn, SOB TIAMO EBNO reports SOH TIANG KENG INSURANCE companies in Singapore provide cover for a wide range of mishaps and diseases, including deaths, floods, heart attacks and Aids.
        FILE PHOTO  -  579 words
      • 414 34  -  Benchmark combines price and income components of S'pore govt securities Wong Wei Kong UNITED Overseas Bank will launch today the UOB SGS Index, the first index to provide a consistent measure of the performance of the Singapore bond market. Jointly developed by UOB and Quant
        414 words
      • 342 34 YOU'D be forgiven for thinking that Thailand was well on its way to financial and economic recovery, judging from the astonishing returns from the Thai baht last year. A currency appreciation of 22.2 per cent, combined with an annual foreign depos- it rate of
        342 words
    • 1391 34 mportuwrt 1—1 nm Oiportnoywi mm n-, M a| 1!S 1122 1™ W 3,8875 ***** ***** «5.000 M9 999 4 1800 4.1700 4 2800 74.000 149.999 3 8125 3.8125 3 8125 Dmk c| S10.000 Dm99 999 2 3700 2
      1,391 words
    • UNIT TRUSTS
      • 533 35  -  iri tiwART aldcroft outlines the considerations for making the move STEWART ALDCROFT The writer is marketing and sales director with Templeton Franklin Investment Services (Asia) Ltd and is based in Hongkong. ONE of the often-asked, but less frequently answered questions about investing in unit
        FILE PHOTO  -  533 words
      • 630 35 Source: CPF All investors should assess their tolerance for risk before making any investments. Unless you have some idea of what levels of risk you can bear, you cannot know what sort of investments are best suited to you. The fowowtng questions, which form part of
        Source: CPF  -  630 words
    • Article, Illustration
      170 36  -  By Shiv Taneja Dl ESPITE all the miseries of Thailand's economy last year, I the Thai baht was where you ought to have denominated I your foreign currency deposit in. Over a 12-month period to Dec 31,1998, the Thai baht I fixed deposit returned a mindboggiing 41 per
      170 words



  • Page 33 Advertisements
    • 49 33 KHL BUILDING FOR LEASE •25 New Industrial Road F| exible sizes from 4,000 sq ft to 111,000 sq ft Corporate Image Attractive rental rates Central Aircon Ready for occupation in 2nd Quarter 1999 Call Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tal: 224 8181 Fax: *****57
      49 words
    • 140 33 ■Ecmemml if WWM Prime Office Space for Lease Prudential Tower, a brand new high-lech office building at Raffles Place, Singapore's financial and business hub. Ideal for financial institutions, ma|or professional services companies and MNCs, looking to establish themselves for the long term at a prime location. Central Location Opposite The
      140 words


  • Page 35 Advertisements
    • 477 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
      477 words

  • Page 36 Advertisements
    • 233 36 Investment Big Four: when the tranches merge EM 10 We Can GiveJ/ou The Inside Story On Health Care Investments. ACM Investment Funds INTERNATIONAL HEALTH CARE PORTFOLIO #f Investing For Growth In The World's >> Expanding Health Care Industries t W lin I lealih aiv luvvMniciitx.' Here s u li\: •I
      233 words
    • 2 36 Dream homes
      2 words

  • Shipping Times
    • 299 37 Bridge News Reuters A significant increase in voyage and timecharter rates for panamaxes from the US Gulf to the Far East brightened an otherwise dull dry cargo freight market for owners, brokers said. Biffex closed 13 to 38 points firmer than Tuesday's finish after trading 136 lots. The
      Bridge News; Reuters  -  299 words
    • 266 37 jail St V- vo cirr na*»*i»ti _aaa ao3 m CftiMPHup 0.565 -0.01 196 CMco invattmont 0.51 -0.02 27 an -0.005 zmt GBHaMngt 0.415 -0.02 IS HW Sun Hup 0.49 -0.02 300 MKacM Zoton 0.79 WCiuMmn u Jpya HoMnqs 0.535 &01 36 JmpSNpyard —7.25 -0.05 96 If IMP Corp
      266 words
    • 418 37  -  Hutchison to buy 50% stake, with Dutch firms buying thtk remaining half By\ Felix Chan [SINGAPORE] The impending sale of privately-held Dutch stevedoring company Europe Combined Terminals (ECT) is expected to bag 680 million Dutch guilders ($599.35 million) for its present shareholders.
      FILE PHOTO  -  418 words
    • 157 37 AFX-Asia [HONGKONG] The Shenzhen Special Economic Zone has become the second busiest container transport centre in China, with volume reaching 1.95 million TEUs (20-ft equivalent units) last year, up 70 per cent from 1997, the official Xinhua news agency reported. In a report monitored here,
      AFX-Asia  -  157 words
    • 670 37  -  ADMIRALTY CASEBOOK By\ Selva Kumar A WARRANTY in a marine insurance policy that a vessel shall be seaworthy at the start of a policy and that the insured shall exercise due diligence to keep the vessel in a seaworthy condition, is
      670 words
    • 480 37  -  From David Hughes in London FREDERICK Chavalit Tsao, chairman of IMC, Singapore, has been elected the new chairman of the International Association of Dry Cargo Shipowners. Mr Tsao is the second Asian owner to head Intercargo, a role undertaken by Frank Chao, of
      480 words
    • 345 37  -  By. Marcos Hand [SINGAPORE] The slow progress being made in the modernisation of India's ports and infrastructure could stifle the country's trade, Singa-pore-based feeder line Sea Consortium warns. Despite a list of some 21 port projects, worth an estimated US$6.6 billion
      345 words
    • 859 38 WAREHOUSING Van Benoekum Hoekstra's temperature-controlled underground storage in Rotterdam port suits its fruit and nuts Port of Rotterdam THE Dutch company Van Bennekum Hoekstra is the first to build a warehouse underground in the port of Rotterdam. Its new construction plans are a sharp contrast
      Port of Rotterdam; FILE PHOTO  -  859 words
    • 319 38 PACE FoongSun 8 AM. 3 FroU 12 Accord 8 FftLMs M AhreokM 12 Clink 4 Appenship 5 Gcnurtrans Austral 8 Genshgp 12 Avant 14 dory Nav 14 8'tangMas 8 HaiSunHup 8 BSA 7 Hangli 7 BTL W Hanjtn 3 BalaH Shpq 4 Heung-A 4 Bangladesh 13 Hoegh
      319 words
    • 17316 45 thebusinesstimes EXPORT ETA ETA Advertiser Vnul Voyaga Tataphona ETA ETA A<tv#rtlMf VhhI Voyaqa THaphona S» Daatu mmm Nam Numbar Nuwbar SIN Dastn Nam* Nam* Numbar Numbar 800*00* 1i I'OI m—HH Omili llll llll rtiWB 04/02 01/03 Klan Hung INTELLIGENCE CONTA IC901S 65-*****33 To ABIDJAN (AB J) 2003 -Cot*
      17,316 words
    • SHIPS IN PORT
      • 662 51 Voy Wo Bfth Arrival jgrtw Jaraag Port 8t Gogo J No *****9 JOT alongside 21.01/2000 Bt Sar Hi *****9 J01 alongside 22.01/0100 Bunga Kantan 3H J10 alongside 23.01/2300 C Soccess 21/01 J10 alongside 2101/1600 ttengai C9003 J03 alongside 21.01/1800 Ganda 4 02/99 J02 alongside 22.01/2359 Gsk 218 47Sl
        662 words
      • 1810 51 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO BoofctaQ/Mmct Ritls SWp Voy No Etfc/Btr Hhoi Froa To Frw M MmW COITW 2V0400 a 21*0 22*00 22/0900 21/1700 22/0*59 22/0900 J 22/0100 22/09 22/M00 4 22/1200 22/M0 22/1700 on 21/otoo u iviiw 22*09 22/0*00 21/1700 22/0099 22/0900 J 22,'OTOC
        1,810 words
      • 215 51 Ml Thailand: Makha Bucha Day. Fab IB China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. MM Brunei Chinese New Year. China: Chinese New Year. Portugal: Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Fab 17
        215 words
      • 744 51 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of tingle price* for a more comprehensive description of the market Prices shown are based on averagesiasd stem. Market movements are indicated. The Cockett Bunker Price Index chance and the individual
        744 words
      • 461 51 Cartaa WO Max 9912 OS IM 0.10 127 AM JmM Ommtty Water Mto Ask MmWm Sifcm No above £25 1 0 S 0 2 I 1 »0 Aw MJ 0J VO 0.06 25 0.02 Cum 300 Max 9H2 L5 IM 0.12 54 0M MAW »»A %M/M
        461 words
    • AIR & LAND TRANSPORT MEWS
      • 508 52  -  Replacement Joan Lois Virata names new tAam From, Al Labita in Manila CONTROVERSIAL ethnic Chinese tycoon Lucio Tan, hounded by foreign creditors, resigned yesterday as chief executive officer (CEO) of the debt-ridden Philippine Airlines (PAL). Mr Tan, embroiled with the creditors over PAL's
        508 words
      • 494 52 Japanese carrier hopes to make 4J>b yen during the 3-month Bloomberg [TOKYO! All Nippon Airways Co, Asia's second-larg-est airline, aims to revive its flagging fortunes with an onboard lottery, said president Kichisaburo Nomura. "We'll do anything to generate money," he said at a
        Bloomberg  -  494 words
      • 416 52 Bloomberg [WASHINGTON] Disputes between the UK government and two US airlines over access to London's Gatwick Airport could stymie aviation talks between the two governments scheduled for next month, US Transportation Department officials said. British and US officials had
        Bloomberg  -  416 words
      • 56 52 [SCOTTSDALE, Arizona] Visitors to the 28th annual Barrett-Jackson classic car auction get [a rAa/icfertord Convertible (centre) and a 1962 Dual Ghia L 6.4 once owned by Dean Martin and later sold to Lucille Ball's husband Gary Morton. Known as the 'Rat Pack' cars they will
        REUTERS  -  56 words
      • 132 52 Bloomberg [CHICAGO] UAL Corp, parent of United Airlines, said it has approached America West Holdings Corp, parent of the ninth-largest US airline, about a possible acquisition of the company. "United Airlines confirms that it has expressed to America West Airlines an interest in a possible acquisition
        Bloomberg  -  132 words
      • 75 52 [TOKYO] Toyota Motor Corp president Hiroshi Okuda sitting among Toyota's racing cars after a news conference yesterday. Mr Okuda announced that Toyota will actively consider participating in Formula One circuit racing as a full team, with entry targetedfor sometime early in the 21st century. Japan's
        ATP  -  75 words
      • 206 52  -  By\ Felix Chan [SINGAPORE] Qantas is poised to add additional capacity and frequency to regional destinations as part of its new Northern Summer schedule. From March 28, the Syd-ney-based carrier will boost capacity and frequency on several Asian routes, including; ♦A sixth
        206 words
      • 304 52 AFP [HONGKONG] Cabin crew at Hongkong's Cathay Pacific Airways have ended a bitter month-long pay dispute with the airline in the interests of "unity", the Flight Attendants Union said. "Upon the advice of the Labour Department and in a move to maintain relationship
        AFP  -  304 words
      • 1321 52 gg--- fU6KT S***** KM IH7I7 2» WO ««7 2359 LH6381 1920 $Q200t 2359 Wti w» m> SOW KM "K! SSS £S -"-as Bg gg N***** 2030 N***** 2045 !£E —-Tr gggl S S0M3 535 M *M gggL S09H S $0978 Ss S0147 2010 UK S0977 1725
        1,321 words
  • Page 37 Advertisements
    • 20 37 Warehousing Firm opts to go underground Van Bennekum Hoekstra's temperature-controlled storage in Rotterdam suits its fruit and nuts. Page 2
      20 words
    • 347 37 PAL's chief executive officer Luck) Tan quits Replacement Juan Luis Virata names new management team. BMkF m«e (3» UK P&l CLUB TTCLUB I Til TRANSPORT MVTIIAI CLUBS EXPANDING IN SINGAPORE The SE Asia branches of the UK P&l dub and the TT Oub were established in Singapore during the first
      347 words

  • Page 38 Advertisements
    • 177 38 /Keep in Touch www.nykline.com When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information SENLIM AGENCIES PTE. LTD. 133, N«w Bridge Road. #06-08, Ctwiatown Part A S'por* *****3. T* *****00 fIBMHI Fax: *****04
      177 words
    • 637 38 rAWK\ *mm±. ffira) ttfm s^^^^Lders VgMKy Accredited Shipping Agarte. UUU Association Sinoapore SNppino Aiwoctebor NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PROJECT CARGO TO DAMPIER/FREMANTU (MONTHLY SERVICE) MV "ARKTIS GRACE V.9901" ETA SIN 31/01/99 BOOKINGS CALL MONKA/JU UN* TEL 323 4374 CONTAINERSCONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETA PKL ETA
      637 words

  • Page 39 Advertisements
    • 1073 39 TO EUROPE FROM EUROPE Ivtssa vor 1 s»t rm urn hoi m sou fit lbi [vessel vot I tra ano ham »v sou fit uh m uiok $25*22/0107/02 04/02 12/02 u/w mrun oom 31/12 01/01 os/oi 30/12 23/01 NT6BMAL 314W 25/01 11/02 13/02 14/02 10/02 ITM S2K 03/01 05/01 01/01
      1,073 words
    • 1820 39 (g) HANJIN SHIPPING HANJM SMPfMC 5) m LTD I* Urn* cm lOOOK *****35-237 SALES *****74 231 DOCUNWI *****71 174 OfBttTKM5 *****41 757 MAN UM *****55 MX: *****40 310; *****43 MM |TO NW USA A CANADA USA CANADA* RMVSL/VOY lIM I M UMHAtt/YOY SU TTW Dot [IS CM HT DTT HI
      1,820 words
    • 335 39 FULLY COMTAIWIIfP PBPICAIBD »■■¥!<■> KMTC PROVIDES "Z, L REGULAR BREAKBULK SERVICE TO RED SEA EL IIH^EIiISE|S >aEP twA>iEAil pobtB mm. hfflhrti nfr hrt?hvto wfr wta hrt? \m itfr wfr wft hitilnto nfrlnto nfr \\to\ BB« liSIMil iwll!l ISfii |iH lillliU lijllwi liiii lijfli [ill ***** i&81iiS8l IISB I iwi JMNNHI
      335 words

  • Page 40 Advertisements
    • 1245 40 DSR-SENATOR LINES TO UK/CONTINENT TO MKUfiICHKANEANCANAPA WMa WW BB 181 IB MM 1 FU I KMR ¥0T SB Off Kt FOB WX MTM MMBMBTM WQBM RB 13 B 14 C 11.8 12.H 14K DM AMERICA MM fid RR MB 11 B UK MB HMUMBAMXIONA MM IS B1 It.K 14K 13
      1,245 words
    • 626 40 fIMMS Cantar MH COUTH UNO, WC rouMMtmaoa. J 8BU:<0M)»1«179 MANIA: (832) 14)4434 V FBWItoWaWMe BANGKOK: (062) 2M4057 SURABAYA: (31) 2SIMO HKBMttemtWT JKT.&)mmQTWM:pi)WUm tCUCMNQ 0g)4a04»-< BARCELONA SURABAYA MV "PONL JAKARTA" V.8526 MV "KOTA SURIA" V.5U8459 ETA SIN: 27-1-99 BA SIN: 27-1-99 SHANGHAI VANCOUVER MV "DANUBE" V.542E MV "HANJIN ELIZABETH" V.037E ETA
      626 words
    • 394 40 UNI MUARA j 1 LABtfAlt mm. wr n n vissa m n m sroß auMu vm in imm vm/v* 20/01 a/oi sums hop* vox/99 20/01 oi/a sium hou vox/aa/oisi/oi camu am vox/99 29/0102/12 CMMUM332 VOX/99 29/01 11/07 StRAffS MOPE VOX/* 07/02 10/02 IWW m/NM/KI/U IK.KWABALU I KUCHWQ I vissa vor
      394 words

  • Page 41 Advertisements
    • 1142 41 Ivemb. vov am pko pew pqb dub dam lihj Iba I bik 1 S* 13 1 28/01 04/02 07/02 03/02 06/02 07/02 Wt1328 00/02 10/02 10/02 18/02 17/02 10/02 St!! 35" 13/02 23/02 20/02 22/02 24/02 20/02 St!! I** 1 20/02 02/03 00/03 01/03 03/03 05/03 IRAN TAKHTI TBM 27/02
      1,142 words
    • 1655 41 Jiafp«l» VOOI3W (ETA SIN 1 3 P«b H) f €«ni USA KiiKNft I All-W«t«r itrviit will call it I Hdrfttk port, iailnd of J I 6 SHENTON WAY Til: *****00 FAX: *****08 OUIWA«D {l/U "^42E3wjSSoSoSS™ l,l ,^"^il,l^,l SSJff.jSKK II6 E ITD !S1 420 wwAto dipt (D/o) *****15 COSTAR AGENCIES (M)
      1,655 words
    • 621 41 I EASTERN CAR LINER, LTD." I f_Ej K1 (SIHOAPOftE) PTI LTD ,T SPECIALIZE IN RORO t HEAVY LJfT UPTO 4SO TOMS Kl (SW6APOIE) tlI UD LOAD NG FOR MUMBAI/DUBAI/DAMMAM CALCUTTA/ CHITTAGONG MV "TBN" MV "SPRING TRADER" VOY. 26 ETA SN 25/01/99 ETA MUMAAII3/02/99 EU9N26/01/99 EUCAL 31/01/99 ETA DUBAI 18/02/99 EU
      621 words

  • Page 42 Advertisements
    • 1210 42 EUWOPt/UK/SCAMDWIAVM/WtIiANtMHJStIA 3F ROM ANW HOG THP ZEE LMV I LHV THP ROM ANW HOG PKL I SGP E. DEU6HT RW-Mt 23*1 12yU2 17/02 13/02 15/02 IMB 17*2 lE. ROUNO RE-03S SI/12 01/01 02*1 03*1 OS/91 20*1 21*1 E. DIVINE RW-003 31/01 10*2 24*2 20*2 22*2 23/02 24*2 N. GENOVARE-021 11*1
      1,210 words
    • 899 42 PA^ICIQ IMTCPMATVMJAI I IUCg IPTCf I Tn^ I sSSsSS^^^^EmHV 140 Ceci Street *03-00 PIL Building, Singapore *****0. CRNO **********06 livpsa vor m mi at stp n *xn nn NMATHUttII ess 77/1 24/1 3/7 4/J 11/2 17/2 11/2 M ti/1 -R7i —T7T- ia ua I 4UW6A TBAIAI 2 045 74/1 W/1
      899 words
    • 576 42 nantai line FUUY CONTAINERISED SERVICEIO MAURITIUS SOUTH AFRICA ma VOTIsi PUI 1 du» IJWIcw 1 M motuqubi vera a/oi 01/02 m/w ha? \yn is/r mrouousoti wis %m ts/rc lt/o? rw ~rw~~ mwrmg wn i</m nm mm mwmvßius nob \w tw QVO3 07/03 w/10 n/p GOLDBi DKAGOM MIPS 02/03 11/03 15/03
      576 words

  • Page 43 Advertisements
    • 419 43 BSA .k. M MYANMA \SBBk FIVE STAR UNE Hyw NKMkmI UM) Lmhßm) hr Yn|oi (Rihjoor) vtssa voy sm n rn rai UNYA 140W SID HPA-AN 2S4W 25/1 9MATSIA AMNISe MUSTUU) SMPPM6 AGEHOES KUL m (03) *****00 ML TU (03) 37*4101 rm m (94)mi24M pwt m (07)*****21/4 BANK LINE (A twvkt
      419 words
    • 1208 43 HMAT-' HYUNDAI MERCHANT MARINE CO., LTD. vtssa ¥or sw sou in iw aw "man Hv" ~n~ NOIMM2DMII MOW 21/J1 00/02 13/B 10/02 11/W HTOOMKMK 31* C 31/12 02/01 31/12 31/12 21/11 KM* 52 ,J W «/«"f/K m/K "I'M* Mi »1/»1 07/11 94/01 M/ 91 25/11 HVGBBAI 310W M/ 0 11/12
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    • 984 43 ft iptooh&d outournin G}°)§(o]<3 Wilhdmsen Lines TO NORTH AND LATH* AMERICA "ROtO HUVYUn SaVW" jvissa VOY UW HB6NT 9H LAI 08. MU SAV BAL ORf NYC NEW MOO IALAOOT F903 4001 M "OB R76T 22/02 02/03 05/03 07/03 WoTWiT 11/03 14/11 10/03 TAMPERE F904 4001 m OJM 05/02 00/03 15/03
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  • Page 44 Advertisements
    • 715 44 rage MMaKOKW TA PHUT/LANM CHABANO| J A K ARTA/PAN J ANO VESSEL VOV SIN BKK MTP LCH VESSEL VOY SIN JKT PJW MATHU BHUM 399N 23/01 27/01 26/01 ANRO JAYAKARTA' 071 23/01 2ft/01 YANTRA BHUM" 276N 24/01 27/01 28/01 ACX RUBY* 40S 25/01 28/01 ACX JADg 38N 24/01 27/01 28/01
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    • 530 44 N AL LINE wt vot r s'foti *'HM/rm»|riut< |mm mrwnr rasa p_ji/»i I n/n u/w pit w/w TO AUSTRALIA FULL COffTAINER SERVICE va Ivor! m m m mm I m tnuarn bshi/oin/oi oa/« nm mm u/w kasucai |»*s la/oi i»/o» m/n -nm is/« u/w n/ti wig ns|»4/wi>/oi ly/w »vw nm
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    • 865 44 (lllggggi^g VESSELS VOY 8x"" PKL 1 JED I MLA LEH RTW HAM ZEE Hof Vll£ DC BHAWOHAI Hgjg 20KH Z7/01 OXO2 IMB WQg 17/02 16MB MMB VHEtrORPW Y2BW OIAB oa4B 11 AC IMB 21/02 22A8 23/02 2MB 2MB VIiEOEMMOgA WOW 0848 MM IMB 01/03 02/Q3 03/03 OMS QMW V»J-E OS
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  • Page 45 Advertisements
    • 53 45 VaTAI Dial 740-6000 on demand JBr (Retrieve more schedules!) m Press "1" I c< JCV Select the port and key in 'VI the four digit code eg: To New York (NYC) 2275 fltt 1 Key in your fax number > your phone number Another Innovative servfc* offered by The document
      53 words


  • Page 47 Advertisements
    • 146 47 deader Enquiry ServicB cut out and fax to: 65^74-***** HDEBSBMB 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 or
      146 words

  • Page 48 Advertisements
    • 818 48 SAMUDERA SHIPPING LINE LTD 72 Anson Road, Anson House *06-01 to 03, Spore *****1 CR HO. 1047M*****D ■dki TEL: *****88 FAX: *****2* (OUTWARD) *****83-4 (INWARD) /*****11 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Cells/Jossica/Mei Chan/Joslynn/Oora/Hanim EBBDSSESSIi 7 slgs/week (2ESE22sW 2 slg/week [VESSEL VQY I SIN JAK [VESSEL
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    • 538 48 WBmSMM vsp, iH!IIJJI?'cW»H3STr^iriT?I CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER IVRSE VOYAGE lUSIGAPORI ITACOIOMIO EIARARAOi"! uua« ooohw u/pi/w ~?voi/* ~rmW~ H OOOSHW H/01/W 31/01/W QS/P2/W SHAIMM 004HW QI/Q2/W 07/m/W ~l 2/M/W uuw ooiHw M/oyw 14/w/w ~iyw7w~ s*« mm is/02/w 21/m/w ovoa^ \wimi
      538 words
    • 434 48 \*gm ENG LEE SHIPPING COFTEUDI I W: *****75 (4 Ums) F«i 5330«55/532*f«0 I I T CR lw IS«2WIMH( I Vissn VOT UN ETA SIN ETD DESTINATION GondolV 2/99 18/01 22/01 K. lungkal-iakarta Deaenfuegos 2/99 21/01 22/01 Duma Union Stor 16 2/99 21/01 23/01 tabrtc Mono Polo 26 1/99 21/01 23/01
      434 words
    • 341 48 fffg Singapore Soviet Shtppmg CPI L\\ v ah. i oosouooom k\\l MottiSne Skipping Pi W33) (WMvCMSMwr) aibitfsmoaaK VESSEL VOY SIN BOM PNG So KOTARATU RTUO33 20/01 03/02 13/02 PERAK 124N 02/02 10/02 21/02 KOTA RUKUN RKNO27 06/02 16/02 27/02 |VEBta VOY SIN CALCUTTA wTI EPONYMA 004 20-27/01 02/02 11/02 M
      341 words

  • Page 49 Advertisements
    • 747 49 SIN TO SRI LANKA, INDIA, CANADA, US/EC/OULF, MEXICO |W6| SW I JKT SW I WW law |OM OOM IMI lim lOM I Ut IWW Ml NOi mmmjsm -azgL-giioiJMiJi/oi- vm um nm u/ii 11/03 n/03 w/m 23/03 27/03 oi/m os/o* mm MMf t'Htt JJ/J2. JIZI2. Jl/1L JI/iL JJZB. _21/J2_ HZM. JZZM.
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    • 1439 49 vpw/vpttg IZfii sou I m HAM in WW Im» 1 nun lim I Imm I ht—™\imml KMWM OKMM3 31J1 04J7 OUI OM7 SS imrnrm isi—HH|_ JR MtiSßk. HHfiL JSIKL POM SOUTHAMPTON OSWM4 7MI IXO2 ISM 1107 70J7 NttSMMIS OSIAS7 1111 All 311] MJI MJI 7SJI SUI 74J1 SUI [wn sw«B
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  • Page 50 Advertisements
    • 774 50 I VESSEL VOY I TIGER SEA 677N 23-24/01 28-31/01 04-05/02 I TIGER BAY 678N 24-2SWI 304J2AJ2 06-07*12 I TIGER ISLAND 680N 27 28/01 02-06/02 10-11/02 I TIGER PEARL 679N 30-31/01 05-0«)2 13-14/02 I TIGER SEA 681N 03-04A12 09-12A)2 16-17/02 I TIGER BAY 682N 0607/02 12-15/02 19-20/02 TIGER RIVER 357CN8 21
      774 words
    • 624 50 FREIGHT LINKS EXPRESS Tel: *****66 (60 Linos) Fox: *****33 E-moil: flesinesingnet.com.s9 eadi Vffcfi! etp»n eta ptsr Istanbul Contship Auckland V7OS9 28/01/99 IS/02/99 Ixmir Contship Auckland V 7059 28/01/99 17/02/99 Delhi APL Diamond VIO9 26/01/99 06/02/99 Shanghai Danube V 5421 28/01/99 03/02/99 Xingang Hanjin Ke«lung VEQ9O6 30/01/99 07/02/99 Ptr booking, please
      624 words
    • 1107 50 lOOCL (Singopof) Pte Ltd Distrpk 179 AMM RM4 #71-04 (S) *****6 Ik Sl3 #01-128 I ONO *****7000Q0M 1******27 I SBi Ifct *****13 Fax 221 3942 to: 272 7025 Lmmdn, Sdn Bhd (tag Noc *****24* of IffUUNO JAYA Uk 03-754 777* to: 03-754 MS7 -IM 1 IrENAUG 1* 04-2******/0 to: 04-2******
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  • Page 51 Miscellaneous
    • 124 51 LfGCND: R Thunderstorm Temperature c A V Shower W#ath«r Wind direction with *p««d in knots oo Rain \J Cloudy Sky Wov# Stirfm winds or* indicated by arrows wMdi «y wttfc tfce wind 0 Ona M crde raprasants calm or light and vanatXo winds W Ona half Hocho raprasants 5 knots
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