The Business Times, 26 January 1999
1999-01-26
1
38
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The Business Times
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Title Section11 1999-01-26 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, JANUARY 26, 199911 words
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Article15 1999-01-26 1 Dsn 13MJ8 (-80.73) mm 97L75 (-35.06) riSDDCiruniEß M 208.72 (-11.58) fT MAXKETHOOD: UDm15 words
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Article86 1999-01-26 1 FOSEX BATES USt SI USS IJB7 £(US$/S$ per 1.867 1796 EL'RO(USJ/S$ per E) MM 1*7 DM 1JM I Ml YEN 1148 1.476 RM S8M 4444 HKt 7.741 4218 BAHT MM 4644 BUPIAH 44M 4818* St to m units B-010 •St to uo unit PUKE RATES SINGAPORE* 5.91 KUALA LUMPUR86 words
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Article, Illustration1242 1999-01-26 1 R Sivanithy, Larry Wee - Rnpi&h Ring dollar hit hard; STI leads with &5% plunge By R Sivanithy, Larry Wee [SINGAPORE] Asian currency and stock markets plummeted by over 5 per cent yesterday as they bore the brunt of fears of a yuan devaluation, but European stockSource: Bloomberg - 1,242 words
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927 1999-01-26 1 Loh Hui Yin - Prime minister says no change in govt policy on currency From. Loh Hui Yin in Hongkong CHINESE Premier Zhu Rongji said late last night the yuan would not be devalued after analysts remained divided over how long the Chinese government could stick to this927 words
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Article56 1999-01-26 1 AFP [NEW YORK] US blue chips were mixed yesterday morning, untouched by the nervousness in Asian markets over the possibility of a devaluation of the yuan. Investors instead were focussed on corporate earnings and by noon EST, the Dow Industrials was down 10.30 pointsAFP - 56 words
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Article, Illustration78 1999-01-26 1 [SINGAPORE] Curvaceous and colourful, the latest version of Apple Computer's enormously successful iMac was launched in Singapore yesterday and immediately attracted appreciative ogling. The iMac is proving to be Apple's pot of gold, with some 800,000 units sold worldwide since its initial launch in the US lastALPHONSO CHAN/ST - 78 words
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1254 1999-01-26 1 Eddie Toh, Ruth Wong - Daim says exit tax may replace ban on capital repatriation From, Eddie Toh, Ruth Wong in Kuala Lumpur MALAYSIA may ease a 30 per cent foreign ownership cap on its protected banking sector and impose an exit tax to replace1,254 words
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Page 1 Advertisements
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Advertisement155 1999-01-26 1 DBBPB Gemg ikni Mitsui Chemicals, Japan's second largest petrochemical company, yesterday said it was going ahead to build a USslBom phenol plant on Jurong island, Pg2 Cftfevop Q4 Avm 27% Fourth quarter earnings at Citigroup fell 27%, beating estimates, as declines in income from investments and Salomon Smith Barney outpaced155 words
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Advertisement17 1999-01-26 1 Bank stocks lose chunks of recent gains, Pg 15 More volatility forecast for S'pore bourse, Pg 1517 words
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Advertisement430 1999-01-26 1 Editorial: Yuan jitters not well founded, Pg 10 Devaluation report a test of sentiment: analysts, Pg 7 HK$ peg to survive yuan devaluation, Pg 7 More reports, Pg 7 Save Up To 20% On Your Caroo Insurance Take advantage of NTUC Income's distinctive advantages in cargo insurance if you are430 words
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SINGAPORE AT HOME & ABROAD
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482 1999-01-26 2 Ronnie Lim - Work on Jurong Mni plant starts in An£ its 3rd project may be in pipeline Reports by Ronnie Lim MITSUI Chemicals, Japan's second largest petrochemical company, yesterday said it was going ahead to build a US$lBO million (*****.6 million) phenol plant on482 words
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Article316 1999-01-26 2 Eugene Low - E7E ON THE ECONOMY GDP By\ Eugene Low DESPITE better-than-expected growth *in 1998, economists polled by Consensus Economics Inc expect the economy to shrink this year as hopes of an export-led recovery fade. Eleven forecasters surveyed by the Lon-don-based'consultancy early this month see316 words
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279 1999-01-26 2 US embassy: Rising bankruptcies will create stress for banking system SINGAPORE'S growth in 1999 may exceed the government's forecast, but the nonperforming loans problem of local banks may worsen, says the US embassy here. In its report, "New Year prognosis279 words
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Article, Illustration623 1999-01-26 2 WITH Indonesian natural gas set to start arriving on Jurong Island in 2001, Singapore has started talks with potential new investors to set up gas-based plants here to produce a whole new chain of methanol-based petrochemicals. Other plans toJEROME MING/ST - 623 words
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203 1999-01-26 2 THE Housing and Development Board (HDB) will admit another 14 housing agencies into the Listed Housing Agents Scheme, the board said yesterday. The housing agents will be part of the scheme for two years. This brings to 583 the total number of203 words
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326 1999-01-26 3 MOST Singapore traders will be ready to deal with the millennium bug, but their regional counterparts may not be Y2K-compliant, officials from the Trade Development Board (TDB) warned yesterday. On its part, the board's trade-facilitating IT systems will be Y2K-ready by326 words
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Article244 1999-01-26 3 It's voted as best airport worldwide by business travellers in lap* polk CAAS CHANGI Airport received top honours in a poll of more than 100,000 business travellers from over 200 countries, who are members of the International Airline Passengers Association (lapa). The Civil Aviation Authority of244 words
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333 1999-01-26 4 SILKAIR and its insurers will have to stump up U5514.56 million (5524.6 million) if the families of all the 104 victims of flight MIIBS which crashed on Dec 19, 1997, near Palembang in Sumatra accept the new compensation terms. The airline333 words
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442 1999-01-26 4 Conrad Raj - Group has more than enough assets to make up for $12m shortfall: spokesman ity Conrad Raj NG Teng Fong's Far East Organization, Singapore's largest private property developer, has up to March 6 to top up for the fall442 words
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Article759 1999-01-26 4 Corinne Kerk - THE GDL LAWSUIT 'Built-in' term not meant to be in brochure: plaintiff By* Corinne Kerk CITY Developments Ltd's (CDT) claim that the terms "buiii-in" and "built-up" are used interchangeably in the property industry is merely a cover-up for a brochure error by its staff,759 words
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Article, Illustration515 1999-01-26 4 THE University of Chicago Graduate School of Business (GSB) will become the second top international institution to set up a permanent campus here, when it opens the doors of its Asian campus along Orchard Road in mid-2000. The university will offerCHRIS LOH - 515 words
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Article34 1999-01-26 4 PRIME Minister Goh Chok Tong, hospitalised last Friday for urinary tract infection, was discharged from Singa- pore General Hospital yesterday. A statement from his office said he has recovered completely.34 words
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Article, Illustration413 1999-01-26 4 SOME of the top names in world finance gathered here "yesterday for the first-ever ineeting of the International Advisory Panel (lAP), formed by the government last year to get private sector advice on the banking industry. The lAP will discuss the financial sectorCHRIS LOH - 413 words
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Article, Illustration524 1999-01-26 4 FRANCHISE DAY WANT to hear the pitter patter of little feet while you work? Or perhaps you fancy combatting pests? You can do either if you sign up as a franchisee with two of the new franchises that the Singapore Productivity and Standards BoardARTHUR LEE - 524 words
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Page 2 Advertisements
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Advertisement16 1999-01-26 2 ■3 j TlipiMl TangWn Mai, avary third Saturday ol tha month. spm 11 pm I****! 316 words
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Advertisement21 1999-01-26 2 Classified First. Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary, Check Classified First.21 words
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Advertisement331 1999-01-26 2 UNIVERSITY OF LOUISVILLE J!#' SiflF Kentucky, USA g American MBA Internationally Accredited by AACSB Accredited by the Commleslon on Colleges of the SACS 3rd Intake in Singapore 8 February '99 I Ranked 7th among 18 months only; 13 modules "Top 25 Business 100% completed in Singapore Schools" in the US331 words
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Page 3 Advertisements
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Advertisement20 1999-01-26 3 It was as common a sight as the popular yellow button and brought an equally bright smile to your face.20 words
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Page 4 Advertisements
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Advertisement18 1999-01-26 4 Buy It. Sell It. Find It. Classified, ft# Call Today For Results Tomorrow. ICA,T,S'1 CA,T,S L j| y18 words
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FOCUS: PROPERTY
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Article, Illustration874 1999-01-26 5 David Boey - Factories, warehouse buildings now sport not only aesthetically pleasing exteriors but also functional features like heavy cargo lifts, access ramps By\ David Boey [SINGAPORE] INDUSTRIAL properties launched in recent years have begun to sport smart new looks that are pleasing to the eye, yet874 words
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Page 5 Advertisements
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Advertisement381 1999-01-26 5 Hm properly column has been held over. lEqiibiimml 1 m was Prime Office Space for Lease Prudential Tower, a brand new high-tech office building at Raffles Place, Singapore's financial and business hub. Ideal for financial institutions, major professional services C companies and MNCs, looking to establish themselves for the long381 words
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ASIA'S ECONOMIC SLUMP
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837 1999-01-26 6 Lee Kuan Yew - OOKMBMTAKY The shaDsags Is to boOd a systsusaeh that ths awe tally a ssutrypartklpatss laths global It bsosflts By Lee Kuan Yew Mr Lee contributed the above article to Time magazine WITHIN a year of its eruption, the Asian currency crisis has spread across to837 words
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Article, Illustration615 1999-01-26 7 Jf <> Ik, <IHIMHHH TUA* UmUim PEAKS No noticeable change son on local Mack market for foreign currency AFP [SHANGHAH Hints of a yuan devaluation in China's official English-language press are likely just a test of overseas sentiment analysts said yesterday, amid noAFP - 615 words
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441 1999-01-26 7 vrot interest rates may spiral lad delay rtcmry: analysts Reuters [HONGKONG] Chances are good the' Hgtagkong dollar peg wotdd survive a devaluation of the Chinese yuan but neither the currency nor the territory's economy would emerge from the experience ttfiscatjwd, 1 analystsReuters - 441 words
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309 1999-01-26 7 Mere seen leading t» HE retimltfPSS peg ia early 2000 Reuters [HONGKONG] China will devalue its yuan by about 10 per cent in the second half of this year, and Hongkong will be forced to abandon its US dollar peg inReuters - 309 words
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240 1999-01-26 7 Reuters [TAIPEIJ Taiwan officials voiced concern yesterday about any possible devaluation of China's currency, saying such a move could aggravate Asia's financial crtyis and pressure Taiwan's economy. J "If (China's yuan) deprqgiates sharply, it may trigger depreciation of other currencies in order toReuters - 240 words
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276 1999-01-26 7 Bloomberg [TAIPEI] Taiwan's seasonal ly-adjusted jobless ttfa fptfr to a 13-year high ber, yet Isn't expected Ky worsen much economy keeps growina inthe face of an Asian-vide slowdown. The seasonally jobless rate rose to 3jDB afo', cent, from 2.96 per cent month earlier,Bloomberg - 276 words
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399 1999-01-26 7 Vehrae falls 17% while value «f sales tumbles by 20% Bloomberg [HONGKONG] Hongkong retail sales fell in November for a 13th straight month, as an economic recession in this former shopping hub kept consumer spending in check. By volume, retail sales tumbledBloomberg - 399 words
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Advertisement153 1999-01-26 6 I I I I H I NTT. On duty. 24 hours a day. 365 days a year. I I "T Global telecommunications. The developments are coming so fast, it's hard to keep up with the changes. Fortunately, now there's one answer: NTT— a participating member of Star Hub in Singapore.153 words
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Advertisement127 1999-01-26 7 I £*****s Tech > ;f ]H ■ft*. V .yjy, wfiWgSaaU nHrti Mf" :l f pfjHp' apg 4Mi :r tBjBQOBb^K' 1 jjj 'Kffi&OT 'SSsnfce 1 is x v > «< f-->'' MffX H T fliiiiii 11 H| v <^|pl Prominent development at Eunos/ jl Kaki Buktt with high visibility I Minirtes127 words
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REGION
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420 1999-01-26 8 ANWAR'S TRIAL More suits against paper, CNN, Newsweek being prepared: lawyer AFP [KUALA LUMPURJ Lawyers for Malaysia's ousted deputy premier Anwar Ibrahim yesterday filed a defamation suit against Prime Minister Mahathir Mohamad seeking 100 million Malaysian ringgit (5544.4 million) in damages.AFP - 420 words
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265 1999-01-26 8 KUALA LUMPUR Reuters MALAYSIA said yesterday ties with Singapore had improved after hitting a bad patch last year and it saw no reason for another flare-up owing to a lingering dispute over a railway station. Malaysia's newly-appoint-ed Foreign Minister Syed HamidReuters - 265 words
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467 1999-01-26 8 Loh Hui Yin - It alio needs to Hh«ralia* broadcast sectors From', Loh Hui Yin in Hongkong A SERIES of events over the past 18 months, such as certain court decisions, the stock market intervention and China's decision to try a467 words
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Article, Illustration429 1999-01-26 8 JAKARTA He pledges army will be nestral, net try te take ever govt AFP INDONESIAN armed forces chief General Wiranto has assured top opposition leaders the military would support any winner of a fair election and would not try to take overAFP - 429 words
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438 1999-01-26 8 Shoeb Kagda - Promi Shoeb Kagda in Jakarta INDONESIA'S major donors yesterday reaffirmed their continued support for the country in the wake of its devastating economic, political and social crisis but warned that financial and social reforms must be carried out transparently and efficiently if more financial438 words
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598 1999-01-26 9 TOKYO Imperts down 105% in Ist fall in five years; trade war with US leaning AFP JAPAN'S trade surplus surged 40.1 per cent last year to hit a record high, as imports in the world's second largest economyAFP - 598 words
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389 1999-01-26 9 TOKYO US economic health, yen's strength worry region's exporters Bloomberg THE economy in Osaka, Japan's second largest industrial area and home to many of the nation's top electronics makers, is in a "severe state", said the head of the central bank's OsakaBloomberg - 389 words
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264 1999-01-26 9 SEOUL Thousands are against takeover by Hyundai Electronics AFP THOUSANDS of workers at South Korea's major semiconductor maker LG Semicon Ltd downed tools yesterday after submitting their resignations to protest against the takeover of their firm by a rival group. Assembly linesAFP - 264 words
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Article, Illustration80 1999-01-26 9 [NEW DELHI] Activists carrying placards during a demonstration hereyesterday to protest against the federal government's failure to stem violence against Christians. The rally was held to condemn the killing qfAustralian-born missionary Graham Stewart Staine and his two sons who were burnt alive in the eastern stateREUTERS - 80 words
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Advertisement1237 1999-01-26 8 ASEAN SUPREME FUND LTD I (Incorporated in the RapubSc of Singapore) The Board of Directors of ASEAN Supreme Fund Ltt wishes to mats the Mtowing announcement RESULTS FOR THE HALF YEAR ENDED S1 OCTOIER 18N (These figures have not been audited) 1 May INI Is 1 MaylM7to 31 Oct 19N1,237 words
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Advertisement223 1999-01-26 9 jfl V*"* S? 0,. Tomorrow's World :.|r Today IhiSv jy -r c;' yJtk w /a. 33.000 aq m erf net! 'M W lettable area "SSSST K Heart of the financial district B-mlnute atroll to Ma ft lee Place MKT Excellent floor-to- 4-mlnuto ournoy to Mtienton Way 3-mlnute to the Stook223 words
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Advertisement110 1999-01-26 10 .com.sg/ I READ IT FIND IT BUY IT 3H ]H i j i| I IT news, views, and product I reviews from the SPH stable --'':k3 ft j; Packaged for your convenience ::;^^ri I And expanded to meet KH I IS all your IT information needs 1 BH II I110 words
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THE WORLD
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490 1999-01-26 11 i: fctRIO DE JANEIRO fapanPlueim lighter ctntrtls en Imports, prices, yhfltnpfttriatiM AFP, Reuters BRAZIL'S finance ministry jhas denied press reports Claiming the government is to isiinrh a new economic plan £nr revive the sinking real. President Fernando HenTique Cardoso has calledAFP,; Reuters - 490 words
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186 1999-01-26 11 m NEW YORK Reuters THE US Council on Foreign Relations said yesterday that it is sponsoring a private, non-partisan group to study international economic uncertainty and market turmoil and help shore up the global financial system. The Commission on Future International Financial ArchitectudsReuters - 186 words
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285 1999-01-26 11 IP FRANKFURT Bloomberg •BRAZIL'S shaky economy «and its impact on global Sgrowth and financial markets set to dominate this year's •annual meeting of the World Forum, which *Dpens in Davos, a Swiss ski treeort, on Jan 28. L About 2,000 business andBloomberg - 285 words
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339 1999-01-26 11 BUENOS AIRES IMF reacts with caution to Menem's proposal AFP, Reuters A FORMER economy minister here described President Carlos Menem's idea of dollarising the Argentine economy as "a monumental error", a local newspaper reported Sunday. "This time Menem's political nose has failed him," Domingo CavalloAFP,; Reuters - 339 words
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Article, Illustration384 1999-01-26 11 Leon Hadar - GLXMTOM IMPEACHMENT TRIAL Prosecutors press on for trial and for Lewinsky to testify From Leon Hadar in Washington REPUBLICAN Senators have "summarily rejected" a proposal to vote on the articles of impeachment against US President BUI Clinton without hearing from witnesses, Republican leader TrentAFP - 384 words
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330 1999-01-26 11 GENEVA Reuters UNITED States trade ambassador Rita Hayes said yesterday that she wouid ask for authorisation from the World Trade Organisation to slap sanctions on the European Union over their continuing dispute on hananas. Hie US has said it intends toReuters - 330 words
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Page 11 Advertisements
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Advertisement25 1999-01-26 11 *IO attar cn o a 1 "eeMy guide to O* puh and lounges, every Friday in Q5 %I— The New Paper Fastad*. 5 JMa* d25 words
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Advertisement18 1999-01-26 11 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 313218 words
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Advertisement67 1999-01-26 11 Mil H Results tender for H book-entry Government H 1999 due 1 February 2004 H be issued on 1 February 19^H Tenor approx. 5 years Amount Offered Allotted 551,000,000,000 Amount Applied 552,145,837,000 mmi Interest/Coupon Rate 3.500% p.a. raSE&i Avera 9 e Yje,d Price j||p|P9 on Allotment 3.61% p.a. and 99.501%67 words
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EDITORIAL & OPINION
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Article, Illustration736 1999-01-26 12 Shada Islam - THE BOTTOMLDIB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT THE last-minute cancellation of the meeting between European Union and Asean senior officials scheduled for Bangkok yesterday illustrates the growing gap in trust and confidence between736 words
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Article128 1999-01-26 12 4 lf you own stock, if you're a CEO of a company, if you've got stock options, you're fat and happy. But I tell you what, if you're out there working every day with your hands, teaching, whatever the case may be, you are having a tough128 words
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Article653 1999-01-26 12 EDITORIAL ALMOST every time there is a big selloff in regional stock markets, one reason cited is fears of a currency devaluation in China, which, it is said, would trigger yet another bout of exchange-rate and financial instability in the region This time round, such653 words
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Article, Illustration1061 1999-01-26 12 Paul Samuelson - Size «f US GDP will pmrwlwyntofir tkeldirui reserve currency By Paul Samuelson The writer is an economist at the Massachusetts Institute cf Technology. This commentary first appeared in The Ice Angeles Timet AT LAST, it is official. The main 11 nations in EuropeFILE PHOTO - 1,061 words
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Article, Illustration1068 1999-01-26 12 ARGENTINA'S currency board was created after decades of high inflation. The country then decided the cost of monetary irresponsibility outweighed the gains of independence. With that decision taken, the benefits of maintaining the peso's identity have become very doubtful. The chief argument for possessing a currency1,068 words
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Page 13 Advertisements
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Advertisement661 1999-01-26 13 Where to wine, dine and entertain...... Complimentary heart-shaped premium chocolate• I T and a chance to win one of two diamond I j s solitaire pendants, courtesy of Jt.M. Oii Mokd Jewellers. g|g| ssoeta kmm. I >* I I Bock now to avoid disappointment, J Where to wine, dine and661 words
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Advertisement115 1999-01-26 13 S .Bi l( u if v^v $25 BEIJING DUCK DURING THIS MONTH ONLY AT PINE COURT CHINESE RESTAURANT Reservations: 831-6262/6 J' Price is subject to 10% service charge and prevailing govt, taxes including GST at 3% Mandarin flfi Suuuparr 333 Orchard Road, Singapore *****7. Tel: 737 4411 If I For115 words
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Page 13 Miscellaneous
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Miscellaneous973 1999-01-26 13 TV&HADIO b n lnso Turn. m caien -30 PM TV Innovations 5. Conan The Adventur 2.45 Mind Your Body. LIB Kaleidoscope. 840 Prime News. lirtllvlitMii WatarPlanet: 1 w I 400 Kldz Blitz Spsiim er aj When the Bell Rings. L4O The Great Mountain &30 Wajah Kasih teta Dllpr»i It 400973 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1158 1999-01-26 14 JAMES STERNGOLD - The whimsical tale about the playwright in love and Saving Private Ryan were the big winners reports jambs stebmqou) JAMES STERNGOLD NYT THE Golden Globe award for best motion picture musical or comedy was presented in Beverly Hills on Sunday night to Shakespeare in Love,NYT; REUTERS; REUTERS PHOTOS - 1,158 words
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Article, Illustration492 1999-01-26 14 AUSTRALIAN OPEN Only three seeded players are left in the men's singles Reuters [MELBOURNE] The Australian Open lost two of its brightest stars yesterday when former champion Andre Agassi crashed back to earth and Russian teenager Anna Kournikova's lucky run came to an end. Seventh seedReuters; REUTERS - 492 words
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COMPANIES & MARKETS
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608 1999-01-26 15 Siow Li Sen - Bat analysts say correction is healthy and offers buying opportunities By\ Siow Li Sen [SINGAPORE] Bank stocks yesterday played out the old adage that those who rise the fastest will fall the hardest. Just as they had led the pack608 words
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Article, Illustration585 1999-01-26 15 Ven Sreenivasan - Chartists see STI sliding down to 1,200 in near term By Ven Sreenivasan (SINGAPORE! The Singapore stock market is getting a heavy dose of a reality check after an almost uninterrupted three-month-long liquidi-ty-fuelled rally, according to brokers and analysts. Most market experts expect theFILE PHOTO - 585 words
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685 1999-01-26 15 R Sivanithy - HOCK XjOCK SIEW R Sivanithy WHAT has been holding back Singapore Telecom's share price? How come a company dubbed the best telecom company in Asia prior to its listing has seen its shares do next to nothing after listing? And685 words
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Article, Illustration307 1999-01-26 15 Conrad Raj - Group has provided for $17m invested in Brisbane yard By i Conrad Raj [SINGAPORE] Th* Keppel group has deeded f6 Walk away from its shipyard operations in Australia as part of its restructuring plans to discontinue or hive off nonperforming assets. A307 words
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REGIONAL COMPANIES
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Article, Illustration457 1999-01-26 16 David Boey - Some Asian flights cot, Irat more services to US, Europe, Australia By] David Boey [SINGAPORE] Singapore Airlines' passenger capacity will rise by 6 per cent this year, despite the reduction of flight frequencies to several Asian destinations. This is because increased flightsFILE PHOTO - 457 words
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414 1999-01-26 16 AFX-Asia [HONGKONG] Shangri-La Asia Ltd was the worst performer on the Hang Seng Index yesterday morning, having been dragged lower by negative sentiment surrounding the planned A-share listing in Shanghai of 20 per cent of its China World Trade CentreAFX-Asia - 414 words
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Article, Illustration413 1999-01-26 16 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Sing Tel Paging yesterday launched a programme called Grape to win a bigger slice of the youth market. It expects to double its number of subscribers who are under 21 years to 200,000 within 12 to 18 months. SuchARTHUR LEE - 413 words
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239 1999-01-26 16 [SINGAPORE] The Asean Fund Ltd yesterday said its net loss doubled from US$3O.3 million (5551.1 million) to US$6l.B million in the year ended October 1998 as Asean markets continued their downward slide. Loss per share was US$4.l2 against US$2.O2 in 1997, while net239 words
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503 1999-01-26 16 Lu Ning - MEWUSTDTOS Chnnlan Group says float could be as early as year's end By: Lu Ning [SINGAPORE] The Chunlan Group, one of China's top home appliance makers, will seek a listing on the Stock Exchange of Singapore (SES) as part of a globalisation503 words
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162 1999-01-26 16 [SINGAPORE] CSE Systems Engineering, a member of the Singapore Technologies Group, has received in-prin-ciple approval from the Stock Exchange of Singapore for a Sesdaq listing. The systems integrator is 46 per cent-owned by SingTech through its whollyowned subsidiary, Dinervest Investments Pte Ltd,162 words
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265 1999-01-26 16 David Boey - By David Boey [SINGAPORE] MobUe phone service providers Mobile One (Asia) and Sing Tel Mobile will have a new competitor to contend with, with the launch of Singapore Technologies Advanced Radio's (Star) "Phone Connect" mobile phone service today. The Singapore Technologies unit's Phone265 words
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COMPANY Briefs
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Article36 1999-01-26 16 Bloomberg {SINGAPORE} Soong Tuck Yin, the head of research at local brokerage G K Goh Research, will be leaving the firm to Join Jardine Fleming Singapore Securities Pte Ltd. BloombergBloomberg - 36 words
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Article45 1999-01-26 16 [SINGAPORE] Rothmans Industries said that William Patrick Ryan has resigned as director with effect from yesterday. Joseph John Heflternan takes over, with Mr Ryan as alternate director to Mr Heffernan. Meanwhile, James Richard Suttie has been appointed alternate director to Anthony Jones.45 words
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75 1999-01-26 16 [SINGAPORE] Progen Holdings said yesterday it was finalising negotiations for a joint venture here with a Taiwanese party. The new company will reclaim disks, which includes salvaging used storage disks, making new substrate, and certifying storage disks. Progen will hold a 60 per cent75 words
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Article25 1999-01-26 16 [SINGAPORE] Ridzwan Dzafir has retired from the board of Intraco, while Lai Teck Poh has resigned as a director of Harimau Investments.25 words
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57 1999-01-26 16 [SINGAPORE] Prima has acquired an additional 2.5 per cent stake in the capital of Ceylon Grain Elevators Ltd, an associate company listed on the Colombo Stock Exchange. The company said yesterday it paid 48.8 million rupees (Ssl. 19 million) for its acquisition, which57 words
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86 1999-01-26 16 Bloomberg [JAKARTA] Shareholders of PT Indofood Sukses Makmur approved yesterday the sale erf 1 60 per cent of Indonesia's biggest food producer to Hongkong's First Pacific and Japan's Nissin Food Products Ltd for US$57O million (*****.3 million). Eva Hutapea was named the company'B new president director.Bloomberg - 86 words
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REGIONAL/INTERNATIONAL COMPANIES
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409 1999-01-26 17 Drop in income from investments and Salomon Smith Barney unit Bloomberg [NEW YORK] Citigroup, the world's largest financial services company, said fourthquarter earnings fell 27 per cent, beating estimates, as declines in income from investments and Salomon Smith Barney outpaced gains inBloomberg - 409 words
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258 1999-01-26 17 Reuters [NEW YORK] AT&T Corp, the No 1 US long distance company, yesterday reported higher 1998 fourth-quarter profits of nearly US$2 billion (553.4 billion), matching Wall Street expectations, as strength in its business and wireless subscribers offset a decline in its core consumerReuters - 258 words
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Article, Illustration51 1999-01-26 17 [TOKYO] Japan's mobile communication giant NTT DoCoMo unveiling its 'i-mode' cellular phone Digital Mova Nsoli Hyper, which enables users to do online banking, online shopping, ticket reservation, e-mail and access online news service, in Tokyo yesterday. NTT DoCoMo will start the online service next month.AFP - 51 words
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229 1999-01-26 17 Bloomberg [KUALA LUMPUR] Renong Bhd's creditors will meet with Malaysia's debt arbitration committee in the second week of February to complete a debt plan aimed at keeping the nation's biggest industrial group afloat. Malaysia's Corporate Debt Restructuring Committee sent out letters to Renong'sBloomberg - 229 words
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507 1999-01-26 17 Steelmaker scraps Indon, China joint venture projects, new mills at home AFP [SEOUL] South Korean steel giant Pohang Iron and Steel Co (Posco) yesterday unveiled a drastic cut in facilities at home and abroad to bolster its competitive edge. The world's second largestAFP - 507 words
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189 1999-01-26 17 AFX-Asia [MANILA] Eight carriers, including Philippine Long Distance Telephone Co and Singapore Telecommunications Ltd, signed a resolution asking the US to share costs of international Internet links with the Asia-Pacific, a PLDT statement said. The other signatories are The Communications Authority ofAFX-Asia - 189 words
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260 1999-01-26 17 Its woes could boost Philippine banks' bad loans: analysts Bloomberg [MANILA] Pilipino Telephone Corp (Piltel), the mobile phone unit of Philippine Long Distance Telephone Co, said it has suspended interest and principal payments on 34 billion pesos (Ssl.s billion)Bloomberg - 260 words
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680 1999-01-26 17 Ruth Wong - New deal will cat buyer SP Seta's purchase price by more than half From] Ruth Wong in Kuala Lumpur RENONG Bhd's property unit, Prolink Development Sdn Bhd, has agreed to slash prices on its Johor-based Gelang Patah development in a fresh680 words
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FINANCE & COMMODITIES
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195 1999-01-26 18 Reuters [MELBOURNE] National Australia Bank Ltd is set to report tomorrow a robust first quarter profit which will consolidate its position as Australia's largest and most profitable bank. Analysts expect NAB to achieve net earnings before one-off items of about AReuters - 195 words
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377 1999-01-26 18 Rowe Price to take 10% of asset management tie-up capitalised at 2b yen Dow Jones, Bloomberg [TOKYO] Japan's Daiwa Securities Co and Sumitomo Bank Ltd said yesterday two foreign partners are joining the alliance they formed last year. T Rowe Price AssociatesDow Jones,; Bloomberg - 377 words
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365 1999-01-26 18 Bloomberg (ZURICH] ÜBS AG has lowered its earnings-per-share target for 2002 by 10 per cent as the world's second largest bank by assets reduces its international lending and exposure to financial markets. ÜBS cut its forecast to about 45 Swiss francs (5154.50) aBloomberg - 365 words
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222 1999-01-26 18 [SINGAPORE] Asia Insurance has incorporated two local companies in Malaysia to take over its existing general insurance and life assurance activities in that country. The company said yesterday that the move was in line with Malaysia's policy of having222 words
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184 1999-01-26 18 Bloomberg [LONDON] 3i Group pic, Europe's largest quoted venture capital fund, said it is in discussions which may lead to the acquisition of Electra Investment Trust pic. Electra has a net asset value of £1.1 billion (Ss3 billion). "The board ofBloomberg - 184 words
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Article, Illustration516 1999-01-26 18 Pqji may ask for It yen public funds, make Yasnda a nnit Reuters, AFP [TOKYO] Fuji Bank Ltd and troubled Yasuda Trust Banking Co Ltd are considering a capital tie-up, the banks said in separate statements yesterday. Business daily Nihon Kei zai ShimbunReuters,; AFP; FILE PHOTO - 516 words
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201 1999-01-26 19 Bob Butcher, Jardine Fleming - m—m Reports mil fflwgapnuo TniWw^ Bob Butcher, Jardine Fleming THE MSCI Singapore Index Futures were down in sympathy with the movements in markets around the region with the exception of Japan. The lead month January contract opened at 213 and rallied to the201 words
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181 1999-01-26 19 Charlie Kuo, Refco Singapore - MSC1 Taiwan fttnres Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures plummeted yesterday as declines in the US equities market suggested slow demand for Taiwan's electronic products. Sentiment was also damaged by news that Taiwan's government-backed stock market stabilisation taskforce has181 words
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310 1999-01-26 19 ENERGY REPORT Reuters [LONDON] World oil prices ticked lower yesterday on expectation of reduced buying by refineries and continued Opec disagreement on how to support prices. International benchmark Brent futures traded 19 cents lower by 1525 GMT at US$lO.9l a barrel,Reuters - 310 words
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Article310 1999-01-26 19 Reuters New York THE US dollar started a new trading week lower yesterday as traders speculated whether China may be the next nation to devalue its currency only one week after Brazil officially scrapped its real policy. "This morning the market can be characterised with one word rumours,"Reuters - 310 words
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Article, Illustration1071 1999-01-26 19 MTBEBAMK CK088 KATBS H M*x*++ y« Wm m mm*$ Hm tt two m mMHrnt wt £22" I«u* 0 W M2 I* 3 4J>7 1*M 2J* t»2 32.132 ***** 1004 ItM 0407 244M ***** 4301 0431 2? n ..i »T? 27f47 0.752 7.714 2.490 1232 33.495 25.490 1109 4400 4904 **********1,071 words
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Article1581 1999-01-26 19 ■gag FUTUI1B8 Jan 25 Mm (ttradMtaiiMtUOva) •SSICOKTlMTacMtVkf} CkW OpM MmHi Mfb low S«tt (tMm) HHwl N»9» 8100 113.00 113.00 SO ISO MUM 1250 AOf 99 H8.00 650 ««V99 120.50 625 J»99 122.50 250 ■M/Slp 99 125.50 600 ISI3CMRIMT (US entity VotaM Opto Mart* M|h U» Salt fl—i) Maract Sm5 5551,581 words
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Article, Illustration1201 1999-01-26 20 AFP Q Hang Seng -239.02 HONGKONG stocks closed yesterday down 2.5 per cent but well off their lows as concerns over a possible devaluation of the Chinese currency hit fragile sentiment, dealers said. "There was some last-min-ute buying back but essentially it was the same old story abbut aAFP - 1,201 words
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Article, Illustration527 1999-01-26 20 AFP nSmhtnß Intel -L4> SHENZHEN'S hard currency B shares ended yesterday's session at a record closing low as sharp losses in Hongkong stocks triggered heavy local selling, analysts said. The B Share Index fell 1.49 points, or 3.13 per cent, to 46.35, erasing Friday's historical closing low of 47.84.AFP; Source: Credit Lyonnsis Securities(Asia) Ltd - 527 words
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Article349 1999-01-26 20 AFP QWP Index -116.74 TAIWAN share prices plunged 3.1 per cent yesterday to a 29-month low on concerns over a possible devaluation of the Chinese yuan, analysts said. The Weighted Price Index plummetted 195.74 points to 6,033.21, the lowest level since the index finished at 6,083.66 on Aug 5,1996.AFP - 349 words
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Article2165 1999-01-26 20 Jmt* hw 31 Group 624.400 7.400 AB Ports 245.200 -2.800 Atfeay rational 1303.000 1.800 AIM Oomacg 460.000 -2.000 AIM Zurich 915.400 11.400 Amac 153.000 -2.000 Asda Group 154.000 -3.400 •AT InO 600.000 2.600 BGPIc 378.600 0.600 •ICC 63.000 unch BOC Group 835.000 3.600 M Potrotaum 924.400 unch2,165 words
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Article1586 1999-01-26 20 AFP U Nikkei 225 +51.41 SHARE prices in Tokyo closed 0.4 per cent higher yesterday fuelled by bargain hunting and dismissing concerns across the rest of Asia over a devaluation of China's currency, brokers said. After slipping in the morning session, the key Nikkei Index rose by nearly 100AFP - 1,586 words
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KUALA LUMPUR STOCK MARKET
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Article8476 1999-01-26 21 Cmsmmt pnMi UN Lest Vol Day Net Cap MN> Lew Cia»»ay IH> •OOP HM» Leer P/I I— 120 170 A*nomote 300 unch I 300 300 163 1216 148 35 Angkesa 78 -2 63 80 78 1.8 119.0 310 123 Apado Food Hlg 262 -20 6 27S 262 9.1 104.8 3888,476 words
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Article, Illustration301 1999-01-26 21 AFP Composite Infex -&36 MALAYSIAN share prices ended 1.3 per cent lower yesterday in line with weak regional performances amid concerns the yuan may be devalued, dealers said. The KLSE Composite Index finished at 610.19 points, down 8.35 points from Friday's close. The SecondAFP - 301 words
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WARRANTS,OPTIONS & REGIONAL MARKETS
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Article1918 1999-01-26 22 aOMDS, LOANS ft WAMAKTS wt Lut Val Day Last Ovata A»* High ..-Law Strvo Camaany SaM COOO) High Law Buyer SaMar Prtea 3 3160 -Acar ******1 USS 11.5 1.5 128 12.5 11.5 H.5 12.5 35, 4.5 3164 Acma ******4 17 -3 9A7 19.5 17 17 17.5 19 3161 ANTach ******71,918 words
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182 1999-01-26 22 R Sivanlthy - WARRANT WATCH By R Sivanlthy THERE was a time when the Jurong Engineering share and warrant were considered boring and unspectacular. This has changed in recent months and judging by how the warrant has moved, these counters have gradually found favour with investors. However,182 words
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Article213 1999-01-26 22 HONGKONG STOCKS Gr Or U-Wk Last vol Day Last Quota Mv Otv YM Nat M Cap Hl» Law Stna Company TOOO) Ht» Law Buyar S«Hf H C'»r P/t $«W 5123 COL (2000) HK 400 8 i4 2 20.5 7744.7 5124 Cathay Pac 20e HW—720 265 2.1 1A 6213 words
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Article, Illustration699 1999-01-26 22 AFP n Composite Index -19.92 INDONESIAN share prices slumped yesterday, closing 5 per rent lower on concerns over a possible devaluation of the Chinese yuan and the devastating riots in eastern Indonesia, brokers said. "The main reason for the rupiah's fall was the concerns of a yuan devaluation. TheAFP - 699 words
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Article, Illustration765 1999-01-26 22 AFP P SET Index -1112 THAI shares fell 3.5 per cent at the close yesterday as regional anxiety over a possible devaluation of China's yuan currency spooked investors, dealers said. Some investors were also waiting to see the direction of Wall Street this week, dealers said. The SET CompositeAFP - 765 words
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Article262 1999-01-26 22 AFP Qjgfc -uojo PHILIPPINES share prices plunged 5.8 per cent yesterday, with the market barometer dipping below the key 2,000-point level, on concerns that China would devalue the yuan. The Philippines Stock Exchange Composite Index lost 110.90 points to 1,951.44. Turnover rose to 834.5 million shares worth 2.2 billionAFP - 262 words
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Article413 1999-01-26 22 AFP P Composite Intel -1(182 SOUTH Korean shares fell 2 per cent yesterday on heavy futures-led selling amid concerns over possible external shocks, dealers said. The Composite Index closed down 10.82 points at 539.76, off a low of 538.35. The benchmark corporate bond yield was steady at 8.4 perAFP - 413 words
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Article569 1999-01-26 22 AFP □ADOrtiirfci -2QJSO AUSTRALIAN shares fell 0.7 per cent yesterday amid lacklustre trading strongly influenced by sharp drops on overseas markets, brokers said. The All Ordinaries Index fell 20.5 points to 2,827.9. The All Industrials Index finished 33.7 points lower at 5,113.6 and the All Resources Index fell 10.5AFP - 569 words
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Article245 1999-01-26 22 AFP Q Wellington -2<L54 NEW Zealand shares closed down 0.9 per cent yesterday in line with a sharp fall on Wall Street at the week-end, dealers said. The NZSE-40 Capital Index dropped 20.56 points to 2,168.79. Turnover was worth NZ5102.49 million yesterday. mii «a rmi ANZ Banking 12.00 -0.20AFP - 245 words
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6214 1999-01-26 23 Or Or M Wt IM» Last Vat Day Last Owata Dtw Dlv VM Hat Cap A*o WH» Ua »tWa Campiwy W« COOP) HlqH Law Owypr »a«w C'w P/C »aaJi Prlca MULTI MBUSTRY M2 17.5mt 1000 AcmaSOc T1 -6.5 826 76 70.5 70.5 71 2736,214 words
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Article1139 1999-01-26 23 Or Or M Wt IMn LMt VM on Last Oaata Mr tk W M Cap A«f Hut Laar StMa Ci—my «H COOP! H» U» Orar 8a8ar Cw Wl <— Ww MANUFACmmC 243 30 2049 AS Auto IOC 96.5 -95 02* 104 965 96.5 98 15 N 7 15 9.11,139 words
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STOCK EXCHANGE Or SINGAPORE
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Article335 1999-01-26 24 Stocks V*m SembCorpI 25c 13,560,000 SingTel ISc 12,496.000 DBS Land 11,513,000 •TanCJwngtoitSOc 9,996,000 STEngglOc 7,062,000 KeppeiCorp 6,527,000 Wtnq Tai 25c 6,361,000 DBS Foreign 5.945,000 CKTangWt99 5,918.000 OtJB Foreign 5,785,000 Stocks DBS Foreign 79,086,287 0C8C Foreign 54,962,323 0U8 Foreign 36,737,184 DOB foreign 33,458,593 SingTel 15c 30,770,371 SembCorpI 25c 30.007,846 Keppei Corp335 words
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Article, Illustration609 1999-01-26 24 R Sivanithy - STOCK MARKET COMMENTARY There were more than 30 falls for each rise; 81-point drop brings loss in last three sessions to 9.7% By R Sivanithy LOCAL stocks were thumped hard yesterday by deepening worries that China might devalue its currency and the609 words
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ON THE GRAPEVINE
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Article137 1999-01-26 24 A MODEST four-cent advance in its share price—from 96 cents to $1 was enough to put Pacific Century into the running for the better part of the day as the top gainer on the local stock market yesterday. But a late surge saw Rothmans Industries add137 words
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Article76 1999-01-26 24 EXPLANATIONS for the latest sharp retreat of regional stock markets abound, but so far none has pointed to the re-appearance of that dread headline: 'The worst may be over..." Investors may recall the refrain being brushed aside as regional stock markets went from one dismal decline76 words
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Article62 1999-01-26 24 WHATS in a name card? A lot, apparently, for management consultant McKinsey. The firm's name cards are usually slightly smaller than the average card, a little bird in the industry told us. This is because, traditionally, the consultancy has felt that it should not be "bigger"62 words
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Article106 1999-01-26 24 THE deflationary regional environment may take a turn for the worse with the news that the ample Philippine President Joseph Estrada plans a sharp reduction in consumption levels with the aim of reducing his waistline. According to news agency AFP, Mr Estrada told journalists yesterday that he is106 words
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Article84 1999-01-26 24 WORK on the Kuala Lumpur Sentral project—a key rail and monorail hub—is almost back on track. Hie plan to link the two existing monorail projects—Star and Renong'sPutra—is expected to be ready by the end of next year. However, the rail project to link KL Sentral and84 words
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Article, Illustration62 1999-01-26 24 Wong Wei Kong - By Wong Wei Kong SembCorp Industries Ltd shares closed down $0.12 at $2.17 yesterday on a volume of 13.6 million shares, compared with its 10-day traded average of 13.8 million shares. The daily and weekly RSI and Stochastics suggest that the stock is near support levels. This is62 words
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Page 15 Advertisements
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Advertisement38 1999-01-26 15 f_-'*" r '•'^l' V l y B B so'**Agent Transview Golf pte Ltd J 8 V ,-.r lt r- m J J M<■ J J J 5 Singapore Mala y s i a Indonesia Thailand Hong Kong Chi38 words
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Page 16 Advertisements
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Advertisement61 1999-01-26 16 FSplpnHitl Valnp Rated. TojSfit Lunch of the Class b v s2s for 3 courses $22 for 2 courses I L lines. Cosy H ambience t of the Class by y functiUte Business Times. M Cosy ambience for private functions. Bu«inrt« Hn (Wine Bar): Lunch: 11.30 am 3.30pm (MorvFri) Evening: 5.30pm61 words
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Advertisement23 1999-01-26 16 I own cm education institution. The Straits Times Classified is my course to success. I CATS, j 1800-737-1166 Call Today For Results Tomorrow.23 words
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Advertisement131 1999-01-26 17 AAA BP l -x Breakthrough Group make Hk g||H innovative product solutions for the most demanding needs So when we point out Hiat «SpP AIA-AIG s one ot the strongest Jlpp insurance and financial institutions JPra in the world, with assets over Jmm' USSIB4b and serving more than Br|||"j» SHi'131 words
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Page 18 Advertisements
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Advertisement1159 1999-01-26 18 ASEAN FUND LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of ASEAN Fund Limited wishes to make the following announcement: AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 1998 19M IN7 (usrooo) (usrooo) ♦or(-) 1. Investment and Other Income (55,837) (20,857) (167.71) Dividends and Interest Received1,159 words
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Advertisement12 1999-01-26 18 Zaobao W'.' a I 9 M I Vv #p r wZ3f t12 words
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Advertisement89 1999-01-26 18 We provide consultancy services on ofishore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services arc available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement23 1999-01-26 18 Classified First. Need to get something fixed? Or simply seek out a good buy? Your best bet: Check Classified First, fa CATjSL u23 words
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Advertisement6 1999-01-26 20 ■■EMKfiIR Thursdays c sr I S&ssS**TheßusinessTimes6 words
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Page 21 Advertisements
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Advertisement7 1999-01-26 21 Wednesdays Money Matters by Larry Wee TheßusinessTimes7 words
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Page 22 Advertisements
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Advertisement20 1999-01-26 22 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes 8 I M 0 A P O R E 'Hr *r20 words
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Page 23 Advertisements
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Advertisement81 1999-01-26 23 r«. -:v .fltflfa-;.-"- -I Hello? I'm calling about\. you'reX /i.c mBO 8 4 r! r -%v v* *j> f your advertisement in great...just like Z 1 found my pet'hraugh X I The Straits Times Clarified... J I the ad J The Straus Times Classified 1 you still have the puppy...81 words
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Page 24 Advertisements
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Advertisement1261 1999-01-26 24 Our Hot Ideas give you an instant edge. Call DBS investor Online ar 438-1188 gj D[ iSBANK [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, SU CHIEN HUA of Blk 29 Havelock Road *14-647 Singapore *****9, have applied for a Beer1,261 words
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Advertisement227 1999-01-26 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF CHUGAI INTERNATIONAL SALES (SINGAPORE) PTE LTD (IN LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, that the final meeting of the members of the abovenamed company will227 words
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Advertisement289 1999-01-26 24 IN THE MATTER OF THE COMPANIES ACT, CAP JO AND FRP-WSC JV PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company convened and held at 141 Middle Road *05-03. GSM Building, Singapore *****6 on Friday, 22 January 1999 the following resolutions were duly passed: 1.289 words
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SHIPPING TIMES
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Article312 1999-01-26 25 Bridge News Bridge News, ACTIVITY wound up here with the key US Gulf-Japan rate at US$l6.OO without combination ports, a rise of almost US$3.OO ova- the week on the last reported business fixed. The pace of the increase in the cash market slowed, so the futures responded byBridge News; Bridge News, - 312 words
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Article178 1999-01-26 25 CVTOMrttuMn.OSBS -OOS9 71 nwill*» 0.54 -OOZS 424 52wu*i» MS -oow mo MlfcMn«l 0.3*3 -0.03 26 £5s -o.o4 sir HRMMZWM -6.79 1 wtmiHi—wuo 3pl£=tS «W*IWIW V77 -004 987 MP—'TjW U> -0.1 739 \jirwt Marin* L60 -O02 2 Wg*di Ol30 uncft a wcc~ —a«a -oj3 3*i Q»ryvM u»ase MM <178 words
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Article, Illustration423 1999-01-26 25 Marcus Hand, Felix Chan - Growth of container throughput outstripped growth in total cargo tonnage last year By Marcus Hand, Felix Chan [SINGAPORE] Clocking up a record throughput of nearly 120 million tons in 1998, the Port of Antwerp joined a growing list of north European ports showing423 words
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Article, Illustration60 1999-01-26 25 [BREMERHAVEN, Germany] The front part of the cruise liner Norwegian Majesty, owned by Norwegian Cruises, arrives in a dock after the ship was cut in half to lengthen it from 173.5 metres to 207.1 metres at the Lloyd Werft shipyard in the northern German city of Bremerhaven.REUTERS - 60 words
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363 1999-01-26 25 It wants to make Beirut the gateway for transit shipments in the Middle East Reuters [BElßUT] Lebanon is redrawing its transport plans in anticipation of a radical increase in business with the Gulf, Transport Minister Najib Mikati said in an interview. "We want to restoreReuters - 363 words
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PORT Shots
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Article68 1999-01-26 25 AFP [TOKYO] Japanese shipyards received expert orders for 16 vessels in December, an industry group said. The orders fell from 37 export shipbuilding orders a year earlier, the Japan Ship Exporters Association said. The December orders comprise three cargo vessels amounting to ***** grossAFP - 68 words
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Article74 1999-01-26 25 [SINGAPORE] American President Lines (APL), Crowley American Transport, Ivaran Lines, Transportacion Maritima Grancolombiana (TMG) and Transportacion Maritima Mexicana (TMM) have formed an alliance to launch a joint weekly, fixed-day service between the US Gulf, Mexico, Central and South America. A second Joint service is also to74 words
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176 1999-01-26 25 [SINGAPORE] The Maritime Port Authority of Singapore (MPA) is playing host to Hiromichi Toya, special adviser to the Japanese Ministry of Transport, this week under its distinguished visitors programme. Mr Toya has been with Japan's Ministry of Transport for over 30 years, and prior to176 words
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Article, Illustration649 1999-01-26 26 AIR TRANSPORT Airlines formed with start of open skies in 1991 soon collapsed, leaving many unemployed Reuters [NEW DELHI] THE sky looked like the only limit for pilots when India opened its domestic aviation sector to private investors early this decade. EveryReuters; FILE PHOTO - 649 words
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Article337 1999-01-26 26 Bloomberg [BANGKOK] Thai Airways International, Asia's sixth-biggest carrier, said it has delayed by at least a month a decision on raising domestic fares as directors were divided on the potential benefits. "We will have a conclusion on the fare structure at the next board ofBloomberg - 337 words
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Article207 1999-01-26 26 P*OC Donqnama 3 ACL 6 ECU Lin* 6 AM. 3 ECL 5 Accord I 6 Appenship 5 Foon Sun 8 Austral a GLink 4 Gmirtrms 8 j Hji Sun Hup 8 B'tang Mas 8 CCNI 7 3 CMA 4 cosco s •2r •CFS 3 CSAV 3 Inter207 words
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Article18202 1999-01-26 33 THEBUSINESSTIMES EXPORT w ETA ETA Advartisar Vassal Voyig* Talaphona ETA ETA Advartlsar VnM Voyaga Talaphona SIN Dast'n Nama Nam* Number Number SIN Dast'n N*m* Nama Numbar NumDar ,.,.,.un»iii/uw To BRISBANE (BNC) 2058 Australia To ABIDJAN (ABJ) 2003 Cott D Ivoire 03/02 21/02 msc Agy msc fremantle v oma18,202 words
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SHIPS IN PORT
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Article581 1999-01-26 37 >wrt tm/ Mo 6rt> Arrival Ptprturi jmM R)MJ« *****9 JOI tlongsM* 26.01/0100 M« K«*m 3K J09 aiongsjdt 25.01/2300 C Suet hs 25/01 JI1 aloogsMc 25.01/1500 Dw»H I 01/99 J04 Mongsidt 25.01/1900 Saul 01/99 JOB HongwM 25.01/1830 SoMmMco* 01 JM HonqsM* 04.02/0800 Mm PrtMWM *****P J13 itongudt 27.01/0700 Kaaot581 words
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Article1677 1999-01-26 37 RECEIVING or EXFOBfT FCi CONTAINERS AND LCL CARGO Booktnq/BaUnc* Rstls SNp Voy Mo Etb/Btr Period Fro* To Frow At! UMC «M 26/0700 U 24/1500 MMM 24/8M 1« 24/1500 24/1659 24H0C M 24/1700 29/0*5! 25,WOC 21 24/1700 25/0659 25/0900 I 25/0700 25/H51 25A40C 4 25/1200 25/1459 25/1700 Ml *****1,677 words
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Article218 1999-01-26 37 Ml Thailand: Makha Bucha Day. Faklft China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. Mil 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 China:218 words
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Article730 1999-01-26 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Banker Price Index change and the Individual730 words
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Article433 1999-01-26 37 CJrtofl 100 Ma 9912 0J Hi 0.10 127 0.06 JmM K DwHfty Water BhMm Ask UmMim Si—lit NoatowE2S 1 0 5 0 2 0 300 Aw 968.5 OJ MJ 0.06 25 0.02 Com 360 Mai 994J L5 If J 0.12 M 0.06 »MI %M/M MM mmmt433 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration321 1999-01-26 38 Betying will also try to turn lorn-making airlines aronnd AFP [BEIJING] China will slash investment in its aviation sector by half to 11.1 billion yuan (552.23 billion) this year and work towards wiping out airline losses, news reports said yesterday. The figure representedAFP - 321 words
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199 1999-01-26 38 Reuters [MADRID] Spanish airports authority AENA acknowledged that land at Madrid's Barajas airport had been contaminated by leaked aircraft fuel but denied it posed a health hazard. The fUel, believed to have escaped more than 20 years ago, wasReuters - 199 words
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274 1999-01-26 38 Bloomberg [STOCKHOLM] Scandinavian Airlines System, Europe's sixth-largest airline, said it has given priority to negotiations with the Airbus Industrie group about ordering long-haul planes to upgrade its fleet. SAS is considering buying up to 15 Airbus A 330 and A 340Bloomberg - 274 words
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Article, Illustration243 1999-01-26 38 Reuters [LONDON] British Airways pic's chief executive Robert Ayling has denied that Britain's main airline is losing significant market share in premium class passengers, the Financial Times said yesterday. In an interview with the newspaper, Mr Ayling criticised the pricing strategies ofReuters - 243 words
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Article, Illustration394 1999-01-26 38 Reuters [DHAKA] Bangladesh has'decided to ban the use of leaded fuel for vehicles, saying it is responsible for severe air pollution in the capital Dhaka and other major cities, officials said. "We have taken a clear decision that this business of leadReuters; FILE PHOTO - 394 words
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316 1999-01-26 38 AFP [NEW DELHI] India's car market will post a dramatic turnaround next year, with growth of around 20 per cent, the managing director of the country's largest auto firm predicted. R S Bhaskarudu, managing director of Maruti Udyog Ltd, told the Business StandardAFP - 316 words
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Article1610 1999-01-26 38 cmr FutHt ct* fuwt no mso mm 2359 MlUKi 8*7381 1930 8*7382 2050 *****5 M30 M4579 2359 0f81 1930 Of 12 2050 6*7306 «M0 S***** 2359 **8229 2230 OTP W40 LH6380 2230 Mwda S0909 IW S0990 0H5 m29 2230 tiW0iiWC $0603 1915 C2354 0910 AMtartaa KLS431,610 words
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Page 25 Advertisements
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Advertisement21 1999-01-26 25 Slack market clips wings of aspiring Indian pilots Airlines formed with start of open skies soon collapsed, leaving many unemployed. Pa#»221 words
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Advertisement792 1999-01-26 25 China to dash aviation investment by half Beijing will also try to help loss-making airlines turn around. m_ SSI Talk Singapore Shipping Association (SSA) Is wn ,W1 organising an address by Htramlchl Toya, special adviser to the Japanese Minister of Transport, on I Current maritime pofldes of Japan and Ha792 words
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Advertisement793 1999-01-26 26 mmmm -35® varm m sm I vtssa wr ju iT mm w km en m sm 00Q ANOKA 31WSM 1 J/01 31/01 p ooaokuromu uwsos 20/01 07/ M mmuowvimibs on 13/01 is/»i is/01 17/01 11/01 m/oi 30/01 31/01 ocaSZ ZZ um I ftomuonumm n/01 12/01 u/m 10/01 M/M M/M 07/07793 words
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Advertisement505 1999-01-26 26 represented Mi a© Singapore Shipping Association CONTAINERSCONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE JAKARTA ETAPKL ETA SIN ETA MALE PrhnaaUty VMM «M&*» 17/Mrt» IMM* prtewny mm zimm mmm LIU MARINE SERVICES SINGAPORE Phase S4 72M/S3BBBM nucSM7MC SCANCHART AGENCIES SDN BHD TEL: <M) MIS7M ftuc («S) WIMM BITRANSLINDO JAKARTA TEL: Ml MMMB PAX:505 words
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Advertisement1105 1999-01-26 27 SAX SERVKi (DWECT) Ivtssft wr awro uu o* ttot MOu|oi|ax|i—|wi|ifrc mmauaa tax 27/01 11/02 10/02 14/02 17/02 17/02 17/02 17/02 10/02 u/02 jtfIMMOHtX 00H 03/02 11/02 23/02 24/02 ~23/02 24/02 24/02 25/02 25/02 mnmmm 0231 10/02 25/02 02/03 02/03 03/03 02/03 03/03 03/03 o*m 04/03 MJNX 00* U/02 04/03 09/031,105 words
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Advertisement1716 1999-01-26 27 (g) HANJIN SHIPPING Ikr I iMiMriiw -Mm max HANJM SHIPPING (S) Ml LTD k+Z/wmkm* am KXXMG 3JM73MJ7 SAIB 32*077* 731 OOCUNHI *****71 774 OWAIIMB MMMMSI IMM UM: *****55 fAI:777W*O CIKHI SMfMNN TO NW USA A CANADA USA CANADA* nt v&/vot MM m lm hau/vot STI mi da TIB oi kp1,716 words
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Advertisement308 1999-01-26 27 provides ICI consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tol: 220 8558 PWOHTta"* 1******50 Mapte rm+ 11| I SAOM h®noo„*/nOOIIS (W) 03-*****N (fu) 03-75*5342 mXS!? »j!=Z?L. '-O (W» 04-2****** (to) 04-*****44 nny.//WWWWiTC.ca« (M 07-*****02 07-*****04 shreyas shipping limited, mumbai PREMIER WEEKLY FEEDER308 words
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Page 28 Advertisements
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Advertisement1150 1999-01-26 28 DSR-SENATOR LINES TO UK/CONTINENT TOMEDfITOBANEANCANApA IWT |Ml LEH HTM WW HOW WW FIX WB. VOT Ml WT IK TO M.C MTU MMUHIT/W WOKS I niT 13.02 148 11 BU K 1412 OMMEMU MM 21*1 (712 MO2ll 02 13 02 20 0f MANMOAMXUMA WMBIIOOI 12 02 14.02 10.00 10 02 17.021,150 words
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Advertisement1249 1999-01-26 29 IVKtagL VOY I SIM I PKO I PPI I w I PUB DAM I SHJ IBA BIK NUN TABATABAEI PJLI33I 28/01 04/02 07/02 03/02 00/02 07/02 NUNTCYFOUM PJLI32B 06/02 18/02 10/02 10/02 17/02 19/02 MAN BAKER! TBN 13/02 23/02 20/02 22/02 24/02 28/02 IRAN SATTARI TBN 20/02 02/03 08/03 01/031,249 words
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Advertisement536 1999-01-26 29 EASTERN CAR UNER, LTD. |t| Ea (SINGAPORE) PTE LTD .SZTJZIL j SPKIALJZI IN RORO HEAVY UfT UPTO 450 TOWS KL (SMWOtE) FTC 111 LOAD NG FOR YANOON/CHITTAGONG PORT KLANG/ YANGON MV TERESA PRESTIGE* V0Y.26 MV "ORIENT IRIS" VQY.3O ETA SIN 03/02/99 ETA YGN 08/02/99 ETA 9N 05/02/99 EIA PW. 06/02/99536 words
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Advertisement1222 1999-01-26 30 t\MKAmnammAm/fmjmmtn\A I MP ROM ANW HBG THP ZEE LHV IHV THP ROM ANW HBG PKL SGP E DIVINf RW-003 30/01 11/02 20/02 22/02 2MB 24/02 E ROUND RE 0» 31/12 01/01 02*1 03*1 06/01 21/11 20*1 E. UNION MMIO 03/02 23/02 03*3 01*3 N. 6ENOVA RE-021 11*1 12*1 14*1 04*21,222 words
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Advertisement1013 1999-01-26 30 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cad Skwt, #12-00. PIL Buidtog, Singapore *****0 Mv Lil TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR WO. **********06 OPERATIONS: *****60 *****06 EAMOKOK JAKARTA (»-*hf»»i>« ma »m icw 1 »n mn 0 toiium/int) vtssa I vor «w awe vbml Ivor aw1,013 words
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Advertisement423 1999-01-26 31 i BSfl ia. M MYANMA «BHk FIVE STAR UNE (MyoaiMr NatioMl Lias) loading for Yango* (Raago«n) vcsa voy m m pen pgu Mlk I*OW Sl* HPA-AN W4W IN PT MALATSU AGENTS: MUSTIAO SHIPPING AGENCIES lIIL TH (01) *****00 MO: HI (03)37*4101 PEN: TU (04) *****02 PGU: TH (07) *****21/4 BANK423 words
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Advertisement993 1999-01-26 31 1 non«egon ipeoakzea aukxamtn v* u Qmsie Wilhelmsen lines TO NORTH AND LATIN AMERICA "*o*o HEAVYUFT SERVICE" fviKa VOY I RAMP HBGHT SIW LAX OIL WUA SAV ill (m mr law I talaoot «©3 4001 m 6.3 M "WoT ~370T m703~ "os76T ot75T w7or To7oT lT75r 10/ ST 7170" TAMPfRf993 words
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Advertisement689 1999-01-26 32 ■ammo*/ iw ta phuti lamm chabamo] jakawta/pamjamg VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT WN XETHABHUM 268N IrTpt 30/01 29/01 ANRO OOWA* 068 In Pt 30/01 NAMTA BHUM** 430N 27/01 30/01 31/01 QURU BHUM 114S 27/01 31/01 KOTA RATNA RNAOB6 27/01 30/01 QURU BHUM 114 SB 28/01689 words
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Advertisement530 1999-01-26 32 INDONESIA NATIONAL LINE TO EUROPE I feXPf^Bgy^6HtM»BWBgDSgWICg va VOT I ITOM I A'DAM/t'OAM IflUtC HtBBI umffiif vtssa 31/01 n/n n/oi or n/w TO AUSTRALIA "Hi FULL COHTMNER SERVICE wl Iwtlwb aw I |sTp|m|it|Mt|wr UIUMI Iltsp/Ol 30/11 07/07 H/W IS/W 10/01 I\/V1 no m ■Biowliss |n/w o*/oi u/n u/w n/oi a/oi530 words
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Advertisement818 1999-01-26 32 IvEaaajs w w pkl I jed I mla lbh wtm ham zee mar \WLLE DC BHAWQHAI H2OW 2T/D1 Ml QMB WO2 17/02 ~55~ XHM 21/02 VMEPOWON V2OW 02AB OM>2 12W2 IMB Mg» 2MB a»Q2 3MOB 27/02 MXEOCMMOaA V3OW QMB 1002 IMB 23W2 01/08 08/03 03*08 OMB 08/03 WLLEOETAWYA T3OW 17AB818 words
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Page 33 Advertisements
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Advertisement49 1999-01-26 33 New Service to Norasia Middle East JV JP Is Now with Barwil Agencies «>ll\ Wan Hai lilies on Page 7 Page 5 ft IF y New Service to M I Calcutta/Haldia direct service to Calcutta Q7VI Shipping SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) Pa S c 12 (Mon/Wed/Fri) Jp49 words
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Page 35 Advertisements
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Advertisement47 1999-01-26 35 Dial 740-6000 onaeman^ —(Retrieve more schedules!) Press'r cr jpv Select the port and key in the four digit code eg: To New York (NYC) 2275 s j£> Key in your tax number your phone number Another Innovative service offered by rT The document Will be SHIPPING TLMES47 words
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Page 36 Advertisements
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Advertisement151 1999-01-26 36 cure mmrngggmamm riALL, Reader Enquiry Service S»< cut out and fax to 65-*****29 —————T —S Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: 1 Cargo Type: Cargo Ready by:_ Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping151 words
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Page 37 Miscellaneous
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Miscellaneous99 1999-01-26 37 LCQCND: R Thunderstorm Twnp«rotur* c V Show«r Weother Wind direction with speed in knots ••Rain Qj Cloudy Sky Wove height WJ»e> ere McMW by arrows .kid, >> n circle represents catm or light and vahabt* winds One hoH Heche 5 knoH onm UM >0 knot* One toU triangle represents 5099 words
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Page 38 Advertisements
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Advertisement136 1999-01-26 38 BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. sffaIoGISTICS I ■mimi MANAGEMENT COURSE facp ■aflga KEEP APACE WITH THE DYNAMIC CHANGES IN DISTRIBUTION! B^,Ji Global sourcing, distribution and competition have led business s sectors to pay more attention to strategic planning.136 words
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