The Business Times, 3 February 1999

Total Pages: 38
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 04^12/98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, FEBRUARY 3, 1999
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  • 931 1  -  It is getting oat of four areas: property, financial services, hotels and resorts, ferries and crnises By Conrad Raj [SINGAPORE] In a major restructuring of its disparate operations, SembCorp Industries is writing down its assets by $420 million or about 30 cents
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  • 719 1  -  Bond rout sparked by Miy&zawa statement: traders By\ Larry Wee [SINGAPORE] Sharply higher yields on Japanese government bonds (JGBs) forced the greenback to slip by 1.5 per cent against the Japanese yen yesterday, as fears mounted of massive repatriation of overseas assets to
    Source: Bridge  -  719 words
  • 411 1  -  1,000 nnitfl sold tart month; buying trend seen contwaing By\ Marissa Chew [SINGAPORE] Major developers sold some 1,000 homes In January, suggesting that the pick-up in demand during the fourth quarter of last year has carried over into the new
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  • 514 1  -  He cites review of bankruptcy laws and HDB roles to allow homes as offices By. Jennifer Lien [SINGAPORE] Prime Minister Goh Chok Tong last night signalled a review of bankruptcy laws as well as Housing Development Board (HDB) rules which currently disallow
    SIEW YAW HOONG  -  514 words
  • Page 1 Advertisements
    • 131 1 DISISE Foreign investment approvals in Malaysia's key manufacturing sector plunged shandy in the aftermath of the imposition of capital controls on Sep 1, but have picked up since then, figures released yesterday showed, Vgg ■■m M V jM NertflnandaJ crisis irii hit heart of systow Sores J Full report, Pg
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    • 18 1 Tokyo downplays threat from high JGB yields, Pg 8 Does JOB rout reflect a nervous overshoot?, Pg 4
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  • SINGAPORE AT HOME & ABROAD
    • 498 2  -  Assurance follows concern that it may operate at a loss to drive outrivals By> Teh Hooi Ling SINGTEL Mobile said it will maintain its profit levels for the year ending March 2000 despite the huge savings it is passing back
      498 words
    • 326 2  -  It aims to boost economic ties, trade, business interests By] Lu Ning SINGAPORE-BASED Chinese companies yesterday set up their first business association in Singapore to boost bilateral economic cooperation and trade, joint investment in third countries, and the business interests of the Chinese
      CHRIS LOH  -  326 words
    • 361 2  -  US school will help develop cnrricalum, do joint research By\ Marissa Chew THE Singapore Management University (SMU) will join hands with the prestigious Wharton School of the University of Pennsylvania to develop its curriculum and undertake joint research. This was announced by the SMU
      ARTHUR LEE  -  361 words
    • 304 2  -  EYE OM THE ECONOMY Finance By 1 Eugene Low BROAD money measure M2 continued to rise in December due to POSBank's inclusion in the data increasing 30.2 per cent year-on-year to hit $160.8 billion at the end of 1998, latest preliminary figures from the
      Source: MAS  -  304 words
    • 381 2  -  By- Lu Ning SUZHOU Industrial Park (SIP) raked in a total of US$1.2 billion (S$2 billion) in foreign direct investment (FDI) in 1998 despite the Asian economic crisis, according to Li Jusen, a spokesman for the park. The final tally surpassed the government target
      381 words
    • 240 2 THE Economic Development Board has appointed Jurong Town Corporation chief Lim Neo Chian its second deputy chairman, replacing Singapore Technologies Pte Ltd head Ho Ching who has completed her term. Ms Ho, who held the position for three years since Feb 1,1996, has also
      240 words
  • Page 2 Advertisements
    • 314 2 SOUTHERN ILLINOIS UNIVERSITY Carbondale, Illinois, USA American MBA Internationally Accredited by AACSB Fully Accredited by NCACS 2nd Intake in Singapore Starting May *99 ■BBIfWg 100% taught by University's professors 18 months only; 11 modules; 495 contact hours NUU^ jH&X 100% j n Singapore Management Educahon Centre One of America's top
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    • 1 2 CATS.
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  • SINGAPORE AT HOME & ABROAD
    • 552 3  -  Demand's low as there are fewer amenities and flats are elder, say agents By Rahita Elias IF you are hunting for a cheap HDB flat, starting at Sembawang and Sengkang would be your best bets going by the latest HDB statistics. In
      552 words
    • 281 3  -  By i Christopher Tan TRANSPORT operator Comfort is looking to add more variety to its taxi fleet, now dominated by Toyotas and Nissans. "We've been scouring the world for new choices," said public relations manager Sarah Koh. "There aren't many suitable dlesel
      CHRIS LOH  -  281 words
    • 553 3 SDP leader faces 2nd trial on similar charge next week The Straits Times SINGAPORE Democratic Party secretary-general Chee Soon Juan hat chosen to serve a seven-day sentence at Queenstown Remand Prison, rather than pay a $1,400 fine Imposed for
      The Straits Times; FILE PHOTO  -  553 words
    • 319 3  -  Successful bid is $10,000-$15,000 abm cnrrent market prices By Ven Sreenivasan THERE are obviously some people out there who are willing to pay a premium to join Singapore's premier golf and country club. A transferable membership of the Singapore Country Club that
      319 words
    • 222 3 THREE out of 14 properties put up in a Knight Frank auction yesterday found takers, including a brand-new 99year leasehold bungalow in Woodlands. The 5,188 sq ft property at Woodgrove Avenue, near the Singapore American School, was bidded up
      222 words
    • 194 3  -  utotd luuiamuK Jennifer Chia WE read with disappointment your article headlined "The outlook for retail" (BT, Jan 22). In the article was written a short paragraph on our department store, Takashlmaya. This is not the first time that your paper mentioned Takaahimaya's closure based on
      194 words
    • 371 3  -  By Toh Han Shih COMPUTER Associates (CA), the world's fourth largest software company, hopes to Invest in a logistics centre in Singapore and acquire some companies in Asia, CA chairman Charles Wang told reporters yesterday. CA is talking to the National
      371 words
  • Page 3 Advertisements

  • FOCUS: MONEY MATTERS
    • 1004 4  -  Very different relationship between bonds and currencies in Japan By Larry Wee [SINGAPORE] HUGE and volatile fund flows, not economic fundamentals, determine the direction of nervous markets. They also cause financial markets to overshoot and then reverse in frightening fashion. Consider this. We
      Source: HypoVereinsbank  -  1,004 words
    • 726 4 There's good demand for S$ bonds with shorter maturity periods, says UOB [SINGAPORE] Investors who missed out on the second public bond issue of Jurong Town Corporation (JTC) or last month's new issue of $1 billion five-year Singapore Government bonds may
      726 words
    • 342 4 United Statoi Today: US Fed's regular Federal Open Market Committee ratesetting meeting widely expected to see interest rates remaining unchanged. Friday: monthly employment stats for January due. DB suggests that while bad weather could have been a dampener, the results of recent labour market surveys suggest a
      342 words
  • Page 4 Advertisements
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    • 350 4 The Receiver and Manager of SH Sameyeh Pte Ltd will be holding an auction to realise the company's assets. The SH Sameyeh Pte Ltd Collection which includes Museum level pieces will be auctioned by Mr Bruce Granger AN IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION HIGH INTERNATIONAL STANDARD exceptional and rare items seldom
      350 words

  • REGION
    • 383 5 JAKARTA Peaceful protest staged in Dili; official Timor delegation to lobby Jakarta today Reuters, AFP INDONESIAN armed forces commander General Wiranto yesterday denied arming proJakarta loyalists in the troubled territory of East Timor to fight pro-independence groups. "We have not armed the people. In fact,
      Reuters,; AFP; REUTERS  -  383 words
    • 273 5 KUALA LUMPUR DrM dismisses question of inquiry panel's credibility AFP, Bernama THE findings of a new inquiry into assaults on Malaysia's ousted deputy premier Anwar Ibrahim while in police custody will be made public, Prime Minister Mahathir Mohamad said yesterday. "What
      AFP,; Bernama  -  273 words
    • 245 5 SINGAPORE A FORUM dedicated to the Asia-Pacific automotive industry believed to be the first with public-private participation will convene this July in Indonesia. Lan Grigg, special automotive envoy to the prime minister of Australia, will chair the maiden Asia-Pacific Economic Cooperation Automotive
      245 words
    • 126 5 BANGKOK AFP MYANMAR'S junta has signalled its readiness to discuss human rights at an Asean-EU ministerial meeting in Berlin next month, a Thai foreign ministry spokesman said yesterday. Deputy ministry spokesman Kitti Wasinondh said Myanmar Foreign Minister Win Aung had written to
      AFP  -  126 words
    • 212 5 JAKARTA AFP Reuters INDONESIA will do its utmost to find those responsible for the string of recent attacks on religious groups and their properties, President B J Habibie assured visiting churchmen yesterday as fresh violence erupted in the city of Ambon, where at
      AFP; Reuters  -  212 words
  • Page 5 Advertisements
    • 86 5 Audi Automatic or manual, there's nothing like tiptronic transmission. you to puts the at your Then the gear changes pure Or as A Audi's Dynamic Shift Program, Test the Audi H actually your Then automatically provides you with /Jtitii iUK i probably new comti equipped with an acoustic partdng choose
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  • ASIA'S ECONOMIC SLUMP
    • 687 6  -  Sharp fall after capital controls were imposed last September From. Eddie Toh in Kuala Lumpur FOREIGN investment approvals in the key manufacturing sector plunged sharply in the immediate aftermath of the imposition of capital controls on Sept 1 but have picked up
      687 words
    • 258 6 Bloomberg [KUALA LUMPURI Abdul Murad Khalid resigned as the assistant governor of Malaysia's central bank effective from Monday, central bank officials said. The reason for his resignation and other details were not immediately available. The central bank, Bank Negara Malaysia, did not issue
      Bloomberg  -  258 words
    • 425 6  -  From] Ruth Wong in Kuala Lumpur MALAYSIA has targeted a loan growth of 8 per cent for this year, after seeing an annual contraction of 0.9 per cent in loans given out by the banking system at end-De-cember, Second Finance Minister
      425 words
    • 289 6 defaults, corporate woes worry investors AFP [TAIPEI] Rising loan defaults and corporate difficulties have set alarm bells ringing and shaken the confidence of investors in Taiwan, sparking warnings it could be the next victim of the Asian financial flu. Banks have tightened credit amid fears
      AFP  -  289 words
    • 148 6 AFX-Asia [KUALA LUMPUR] Malaysia's National Economic Action Council has completed a study on the imposition of an exit tax to replace the 12month holding period on stockmarket proceeds. First Finance Minister and National Economic Action Council executive director Daim Zainuddin was quot- ed yesterday
      AFX-Asia  -  148 words
    • 235 6 Bridge News [SINGAPORE] Although US investment house Goldman Sachs has upgraded its ratings on Malaysian banks recently, most fund managers say they are still cautious on the country's banking sector in the light of its massive bad debt problems. But while some
      Bridge News  -  235 words
    • 99 6 Reuters [JAKARTA] One of Indonesia's leading opposition parties said yesterday it would close ailing banks, seek to renegotiate loan repayments and try to restrict currency trading if it wins the June 7 national election. The National Mandate Party (PAN), headed by popular
      Reuters  -  99 words
    • 575 6  -  Better to rely on domestic resources than foreign help From, Anthony Rowley in Tokyo FORMER Thai finance minister and deputy prime minister Virabongsa Ramangkura yesterday rejected the view that Thailand's crisis-hit economy is on the mend, and predicted further economic deterioration and
      575 words
    • 64 6 [HONGKONG] A monk chanting a prayer as he waited for alms on a Hongkong street yesterday. Tfte state cfthe economy and unemployment remain the top public concerns in recession-hit Hongkong and many analysts are warning that there will be little improvement in
      AFP  -  64 words
    • 684 6  -  ABumnaw R.P Ada ftffftrg Tahiable fa ftf gnHAI nPiUw By Yang Razali Kassim IF only the World Economic Forum's prescriptions could be as apt as some of its themes. The conference just held in Davos, Switzerland, addressed a curious title, "Responsible
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  • THE REGION
    • 497 7 BEIJING Bnt securities ops of these five businesses will be maintained and merged into a company Bloomberg CHINA'S four biggest stateowned commercial banks and its biggest insurance company will shed their trust companies by the end of the month as the central bank steps
      Bloomberg  -  497 words
    • 161 7 HONGKONG Bridge News THE former chairman of collapsed Guangdong International Trust and Investment Corp, Huang Yantian, has been detained for investigation into suspected irregularities, amid a slew of top bosses of investment window companies facing charges of fraud and embezzlement, according to the
      Bridge News  -  161 words
  • Page 7 Advertisements
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  • REGION
    • 267 8 WASHINGTON Reuters THE United States on Monday welcomed two proposals made by Japan to open its construction market, but said US firms still faced "serious barriers" and vowed to continue pushing for better access. "Despite Japan's proposals, we remain seriously
      Reuters  -  267 words
    • 312 8 WASHINGTON Move prompted by New Delhi response to N-test ban treaty AFP INDIAN moves toward signing a global nuclear test ban treaty have led the United States to consider lilting some of the sanctions imposed after New Delhi's nuclear tests in May, the
      AFP  -  312 words
    • 546 8 TOKYO Industry leader says companies especially hate unsolicited ratings AFP JAPAN must shatter its awe for major global credit rating agencies, a financial industry leader said yesterday, adding that many firms "hate" some of their assessing practices. "Japanese corporations and
      AFP  -  546 words
    • 351 8 TOKYO Long-term rates of 2% not high compared with other nations minister Reuters JAPAN yesterday played down' a climb in long-term interest rates which reflects growing worries about mushrooming government debt and could threaten government hopes for a long-thwart-ed economic
      Reuters  -  351 words
    • 148 8 SEOUL AFP SOUTH Korean financial watchdogs yesterday announced the compulsory combination of ailing Chungbuk Bank with a stronger institution, branding it technically bankrupt. Chungbuk was asked to complete the merger by the end of April, the Financial Supervisory Commission said. The commission did
      AFP  -  148 words
    • Article, Illustration
      56 8 [MELBOURNE] Antarctic explorers (left-right) Peter Hillary, Eric Philips and Jan Muir enjoying a meed in a cool room at the Carlton Crest Hotel in Melbourne yesterday. The team made a successful bid to reach the South Pole on foot last week after they spent 84 days trekking from
      REUTERS  -  56 words
    • 275 8 WASHINGTON Bloomberg THE US filed a trade com--plaint against South Korea., saying the country failed to live up to an agreement on importing US beef, the US Ag-., riculture Department said. The US Trade Representative's office has asked the* World Trade
      Bloomberg  -  275 words
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  • THE WORLD
    • 486 9 RIO DE JANEIRO Appointment shores up rally sparked by hopes of new govt policy: analysts Bloomberg BRAZIL'S currency soared as much as 10 per cent against the US dollar yesterday as the government replaced its central banker for the second time
      Bloomberg  -  486 words
    • 350 9 NEW YORK Top firms fatten pay cheques with options, bonuses even as profits slide Bloomberg WALL Street firms are paying billions in bonuses to keep star investment bankers and traders from defecting, a Merrill Lynch passed out new stock options to fatten
      Bloomberg  -  350 words
    • 438 9 WORLD ECONOMIC FORUM Asian countries in recovery unlikely to be lamped with those in greater difficulty The Straits Times [DAVOS) Europe is now able to differentiate among countries in Asia, and there is little danger that those in recovery will be lumped together with
      The Straits Times  -  438 words
    • 383 9 PARIS He calls for global institutions that can avert excesses and too mnch instability AFP THE world's next major financial crisis will blow up "at the heart of the system" due to over-heating on the stockmarkets, financier George Soros
      AFP  -  383 words
    • 290 9 WASHINGTON FT, NYT PRESIDENT Bill Clinton set himself up for a fierce struggle with Republicans over how to spend the money after promising "a new era of opportunity" when he unveiled next year's budget on Monday forecasting more than US$2.4 trillion (Ss4 trillion)
      FT,; NYT; REUTERS  -  290 words
    • 704 9  -  With the Monica ■MnHil rftftrhing > dose, Congress turn* to other matters From. Leon Hadar m Washington AS Washington enters the endgame stage of the Monicagate crisis, the White House and Congress are preparing to focus on some of the major domestic and
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  • Page 9 Advertisements
    • 115 9 4 m i SustillS^ The Straits Times \X/eekly Edition provides you a crisp summary of every weeks major news break reported in The Straits Times about Singapore and A#an Covering news from local politicv business and economy to general interest news and sports, it makes sure that you do not
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    • 49 9 i > THE WORLD S LEADING 1 OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS K Incoifjor.ition Ft'Os from USSSOO J BAHAMAS JERSEY V I U BRITISH VIRGIN MAURITIUS ISLANDS ft B SEYCHELLES jSm a CAYMAN ISLANDS SAMOA B IRELAND Visit OCRAs definitive OHshore Companies Web Site at wivw otra com j
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  • EDITORIAL & OPINION
    • 769 10  -  THB mmmm OPINION By Thomas Friedman The writer is a New York Times columnist NYT UNTIED States Deputy Treasury Secretary Lawrence Summers joked the other day that he had a new idea for solving the problem of Brazil's collapsing currency/the reaL He suggested the
      NYT  -  769 words
    • 128 10 The West needs (Yugoslav president) Slobodan Milosevic to settle Kosovo, and Milosevic needs the pressure of the West to be able to do it All the rest is hypocrisy.' -as*hrWeH*ei^heat f on the situation in the Balkans. 'His enemies are his best friends. He thrives when Serbs
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    • 569 10 EDITORIAL SEEN against the convulsions suffered by other East Asian economies, Taiwan has done remarkably well The island's economy turned in 5 per cent growth last year which, although down from 1997s 6.8 per cent, was still highly commendable. However, by Taiwan's own standards, 5
      569 words
    • 981 10  -  Spectre of violence and escalating social nnrest casta shadow over coming election By\ Shoeb Kagda The writer is BT's Jakarta correspondent INDONESIA is shaking itself free of the Suharto system of government. If all goes well and a general election takes place under
      FILE PHOTO  -  981 words
    • 1061 10 THERE is a danger of expectations being raised unrealistically by all the publicity surrounding the prospects for more than a million dollars in gratuity payments being reclaimed from former Airport Authority executives Dr Hank Townsend and Douglas Oakervee. At issue is not whether they deserve to
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  • EXECUTIVE LIFESTYLE
    • 586 11  -  FASHION Sidefame sees TCS' ZoeTay, Yvonne Lim as viable forms of alternative advertising By. Parvathi Nayar [SINGAPORE] Retail may be suffering and consumers getting picky about how they part with the precious dollar, but the show must go on. Recently Sidefame Singapore unveiled the Spring-Summer
      FILE PHOTO  -  586 words
    • 1152 12  -  You don't need a treadmill to trim the fat just start walking the dog, mopping or washing the car, US researchers have found, jamb b brody reports JANE E BRODY NYT EXERCISE you know you should be doing it, but something always seems to keep you
      NYT; FILE PHOTO  -  1,152 words
  • Page 11 Advertisements
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      418 words
    • 110 11 ►ine Court Chinese Restaurant ■to usher in an auspicious and I prosperous New Year Reservations: 831 6262/6 -BP Orchard toad. 235A67 Singapore. Tel: TUc lest- of Prcm 2T Jmwwy fro 7 February Due to overwhelming demand, we're bringing bock the moil popular dishe* from our Coiifemion, New Qrtean* and Twcany
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  • Page 11 Miscellaneous
    • 788 11 CRYPTIC CROSSWORD (5,6) mw 11 The end of all aspirations YEOTEHDAFS SOLUTION (5 6) 2Do they have piercing eyes? lAlDlJluiQmciAiTiEWSjciAi9i Just the opposite! (7) 16 Flm ctass returr. to to end Ig Jll* 3 Come in, it Is not an infec- fSouthern country (9) tious disease (9) 18 C 0
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  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 361 13  -  Similar move by Sembawang Marine on non-core business comes to $32.6 m By i Conrad Raj [SINGAPORE] Like their parent SembCorp Industries, Sembawang Resources Ltd (SRL) and Sembawang Marine Logistics Ltd (SML) also wrote down their non-core businesses. In the case of SRL,
      ARTHUR LEE  -  361 words
    • 739 13  -  HOCK LOCK SIEW Alvin Tay OVERSEAS Union Bank, the "beauty queen" fed-up of being touted by the media as a marriage partner, is turning 50 this Friday. A big birthday bash has been planned for her at the Singapore International Convention
      739 words
    • 276 13  -  Analysts polled see bottom of price at $19 or $20 By, Jennifer Lien [SINGAPORE] The Creative Technology stock fell 11 per cent for a second consecutive day yesterday, closing $2.50 lower at $20. But analysts said it is reaching its bottom. A
      Source: Bloomberg  -  276 words
    • 429 13  -  Bat CFO says LG's contract to make iMacs won't hurt NEL's PCB business By. Annette Pau [SINGAPORE] Nat Steel Electronics (NEL) shares yesterday fell 8 per cent, closing 42 cents down at $4.78 following talk that its printed circuit board assembly
      429 words
    • COMPANIES
      • 623 14  -  Firm's growth backed by strong competitive edge, huge potential in China construction By\ Marissa Chew [SINGAPORE] Analysts are upbeat about Chinese ceramic tile and bathroom fixtures maker Eagle Brand Holdings, saying that its growth is backed by a strong competitive edge and
        FILE PHOTO  -  623 words
      • 384 14 Three of them Sateras Resources, Plantation and Development, Red Box-also fined Bernama [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE) yesterday publicly reprimanded four listed companies and fined three of them for flouting its listing rules. Sateras Resources (Malaysia) Bhd was
        Bernama  -  384 words
      • 282 14 [SINGAPORE] Small investors who applied for fewer than 10 lots have been allotted about one-third of the 25 million shares offered by homegrown electronics manufacturer and distributor GES International. The company, which will be listed on the main board, made an
        282 words
      • 348 14 [SINGAPORE] CSC Computer Sciences International yesterday said its general offer for CSA Holdings is now unconditional as it had garnered more than 50 per cent of the software company. The announcement comes just a day after the US group extended the offer closing
        348 words
      • 767 14  -  Results may provide cine to earnings for HE'S banking, corporate sector From Quak Hiang Whai in Hongkong UNVEILING the first major result for Hongkong's new corporate reporting season, Bank of East Asia yesterday reported a 55.5 per cent plunge in
        767 words
      • 479 14  -  It sees export-led recovery powered by electronics in H2, earnings pick-up By' Ven Sreenivasan [SINGAPORE] Despite the current consolidation, the Singapore stockmarket is poised to rise steadily during the second half and will end the year at least 20 per cent higher, according
        479 words
      • 224 14 [SINGAPORE] Mainboardlisted Kian Ann Engineering announced a 28 per cent fall in profit from $3.1 million to $2.2 million for the half-year ended Dec 31,1998. The independent distributor of heavy equipment parts and diesel engine spares also saw a 4.7 per cent
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      • 215 14  -  LETTER TO THE EDITOR Ang Hao Yao Singapore I REFER to the Hock Lock Siew commentary, "How to give Sing Tel shares a lift to match fundamentals", and the reply letter by Singapore Telecommunications. As a serious investor, I would like to add my comments
        215 words
    • INTERNATIONAL COMPANIES
      • 276 15 Reuters [PURCHASE, New York] PepsiCo Inc, which said a week ago it would take US$2BB million (*****.3 million) in fourth-quarter charges that would be offset by a US$294 million tax benefit, surprised no one on Monday by reporting operating earnings a penny
        Reuters  -  276 words
      • 461 15 Move will lead to job cats at its Singapore, Ireland, California plants Bloomberg [SEOUL] Apple Computer Inc has awarded a contract to South Korea's LG Electronics Co to make its best-selling iMac personal computer, spurring job cuts at three Apple plants, a source
        Bloomberg; Source: Bloomberg  -  461 words
      • 303 15 LAT-WP [NEW YORK] AT&T Corp on Monday announced a deal to provide telephone and Internet service over Time Warner cable TV wires reaching 20 million US households, advancing AT&T's strategy of bypassing local telephone companies. Through the Time Warner alliance, and a
        LAT-WP; REUTERS  -  303 words
      • 343 15 Online broker lifts margin requirement to 70% for 23 stocks FT [NEW YORK] Charles Schwab, the largest online stockbroker, on Monday moved to stop highly leveraged trading in a group of 23 Internet stocks, but said trading in some continued to increase from
        FT  -  343 words
      • 216 15 Sakura studying plan to buy over Nomura's shares in Kokasai Bridge News AFP, [TOKYOI Japan's top brokerage Nomura Securities Co Ltd is considering selling shares held in a close ally, Daiwa Bank Ltd, heralding a weakening of ties between the two firms, a report
        Bridge News; AFP,  -  216 words
      • 148 15 Bloomberg [TOKYO] Intel, the world's largest computer-chip maker, offered funding to Toshiba to help develop advanced memory chips that Intel needs to speed the performance of personal computers, the Japanese company said. The funds would be used to expand production of so-called
        Bloomberg  -  148 words
    • FINANCE & COMMODITIES
      • 307 16  -  It fills need to hedge Libor exposure because of big spread between Libor, Tibor By' Wong Wei Kong [SINGAPORE] The Singapore International Monetary Exchange (Simex) yesterday announced that it will launch a new three-month Euroyen futures contract based on Libor, or the
        307 words
      • 307 16  -  By\ Soh Tiang Keng [SINGAPORE] Singapore's regulation and supervision of the insurance industry is closer to OECD nations than many Asian nations, a top OECD insurance expert said yesterday. Helena Conruyt-Angenet, chairman of the OECD Insurance Committee, observed that Singapore's solvency
        307 words
      • 490 16 Neither bank is big enongh to unseat US rivals, they say Reuters [NEW YORK] The merger between French banks Societe Generale and Paribas will create a large competitor for US multinational banks but is not expected to cause widespread layoffs
        Reuters; AFP  -  490 words
      • 304 16 Reuters [LONDON] Coopers Ly-* brand "lost the plot" when auditing Robert Maxwell's business empire and were yesterday punished when a British accounting watchdog imposed a record penalty of £3.3 million (Ss9.l million). Maxwell's companies folded under huge debts in 1991; after the
        Reuters  -  304 words
      • 418 16 18 firms to get loans, to be pooled to secure 88b yen of CLOs Bloomberg [TOKYO] Merrill Lynch Japan and Sumitomo Capital Securities will arrange Japan's first collateralised loan obligation (CLO), introducing a common US financing method cheaper than bonds to Japan.
        Bloomberg  -  418 words
      • 265 16 Reuters [LONDON] The London Metal Exchange is pressing ahead with introducing Sword, its electronic warrant trading system, although many warehousing companies are wary of signing new contracts. The LME on Monday said warehouses accredited to issue Sword warrants must do so from Feb 15.
        Reuters  -  265 words
      • 178 16 Bloomberg [NEW YORK] Real estate investment trusts (Reits) increased their dividends an average of 5.6 per cent in 1998, a slightly bigger increase than in 1997, according to a study by J P Morgan Securities Inc. Of the 143 Reits tracked by J P
        Bloomberg  -  178 words
      • 200 17  -  MiMm Reports HSClSbipponbte Bob Butcher, Jardine Fleming THE MSCI Singapore Free Index had a decent rally early yesterday but sold off into the close as the yen strengthened and the Japanese government bond market and the Nikkei stock index plunged. The February contract opened at
        200 words
      • 187 17  -  MSGI Taiwan fttnrai Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index ftitures contract slipped yesterday to 246.4 on a lack of confidence in the economy. The February '99 contract hit the day's high of 253.3 following the central bank's lowering
        187 words
      • 300 17 motor REPORT Reuters [LONDON] Lowly world oil markets moved sideways yesterday despite renewed efforts from within Opec to organise the extra curbs needed on supply to lift prices. London futures for benchmark Brent traded unchanged at US$lO.BB a barrel after a
        Reuters  -  300 words
      • 311 17 Reuters, Bloomberg Iffrintfrn WHILE concern surfaced after the US dollar hit session lows near 112.50 yen, its weakest in one-and-a-half weeks, traders are betting the Japanese central bank will hold its fire until it shows signs of breaking below 110. The dollar was at 112.59/64 yen at 1556
        Reuters,; Bloomberg  -  311 words
      • Article, Illustration
        1124 17 Rates quoted by AP Singapore UITUSMAMS CROSS SATES Feb2 ■U ,M 1 C$ faf ffr Pw HK$ Utiiit* Yw W 1 83*41 N«» g to* Mr 87$ 8*t Pm* J Awtnto 0.961 4.179 0.543 1691 UOI 4.944 27.W***** 0.721 7.462 2.424 *****2.733 ***** 1075 1242 0903 ***** ***** 0JS7 1431
        Rates quoted by AP Singapore  -  1,124 words
      • 1525 17 8IC0M FUTURES Feb 2 mm (MvndMtotajt UOp» KstcamucTatMtiAD am wm opw mtfc u» $tt ftwrt utifwt M*99 MOO 1300 S99 *5.00 990 99 wm m Jmn mso zoo MltoM 122.50 MSB Oct/Oec 99 126.00 80 KSS 3 CONTRACT (US cwbAf} Mm Opw Mo** Wjli Uw iatt ttmmm) Mwrt «Ur99 66.50
        1,525 words
    • Article, Illustration
      1228 18 AFP P Bug Stag -HB3 HONGKONG share prices fell 1.0 per cent yesterday in directionless trading, after a local bank kicked off the results reporting season with a hefty drop in its profits, dealers said. Sean Li, at Amsteel Securities, said the market was hit by profit-taking after Bank
      AFP  -  1,228 words
    • 1612 18 M» Nat* 31 Group 624.400 -0.100 A8P«rtS 273.000 L000 AMoy National 1250.000 45.000 AMad Domocq 477.000 *1300 MM Zurich 59X000 -367.000 Am* 17X000 7300 A id< Group 162.000 -2.750 ■AT M 614.000 -XOOO 80 Pic 364.000 -S300 B4CC 7X000 n.500 SOC Croup 870.000 *10.000 BP Potroloint 924.400
      1,612 words
    • Article, Illustration
      486 18 Reuters -Qjg SHENZHEN'S hard currency B shares closed a touch weaker yesterday. pulled back by losses In Hongkong stocks and a record low in Shanghai B shares, analysts said. The B Share Index fell 0.21 point, or 0.45 per cent, to 47.63 on turnover of HK13.0 million. The index
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  486 words
    • 318 18 AFP QWPhte -113J8 TAIWAN share prices closed 1.9 per cent lower yesterday as the market came under margin call pressure, dealers said. The Weighted Price Index fell 113.15 points to 5,749.64. Volume was 1.48 billion shares worth NT544.77 billion. Decliners led advances 384 to 55, with 51 stocks unchanged.
      AFP  -  318 words
    • 1458 18 Bloomberg, AFP Dramas -ma JAPANESE stocks fell as a stronger yen imperiled exporter profit and record-high government bond yields threatened banks' bond portfolios and corporate borrowing. Sony Corp, Honda Motor Co and Sanwa Bank paced the decline. The benchmark No. 203 Japanese government bond rose to a record 2.31
      Bloomberg,; AFP  -  1,458 words
    • KUALA LUMPUR STOCK MARKET
      • 7745 19 Cimw pnMi MM IMl M On Ma* CM W» L— CI1H» *h "*00 Hl|l> L— PH. f no tn Aj»«■»■>» 300 imc* i 100 300 ma 1214 43 72-5 M»m -74 3 74 74 112.1 203 290 Apa4aFap4H* *60 10 262 294 9.0 W4.0 204 174 tatolM IT* J SO
        7,745 words
      • 212 19 AFP QCbmpoote latex -ILBB MALAYSIAN share prices ended 2 per cent lower yesterday In moderate trade due to selling pressure on index-linked counters and a lack of fresh leads. "Uncertainties related to the exit tax caused the bourse to come under intense selling
        AFP  -  212 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1902 20 BONDS. LOANS VAMANTS L "t Vol Day Last Ouota A»q U» Mw Cl—M| Sale *or- COOO) High Law Buyer Seder Price 20.5 3 3160 'Acer ******1 USS 12 unch 101 12 12 11.5 12.5 35 4.5 3164 Acme ******4 17 unch 4S4 18.5 16.5 16.5 17 18 3161 AIITech ******7
        1,902 words
      • 198 20  -  WARRANT WATCH -By R Sivanithy THERE seems to be a tapering off of interest in the market. Volume and prices have come off a great deal, mainly because of Wall Street-related uncertainties and a running out of ideas locaUy. If, however, the market does
        198 words
      • 206 20 HONMONf STOCKS Gc Cf u Laat Vat Day Last Owti OK ON VM Nat M Cap High La» »tna Company Sata rOOO) High Law Buyar S—* CV P/t S<ni 5123 CDC (2000) HK 400 400 8 2.4 2 20.5 7744.7 5124 Cathay Pat 20c MK—720 265 2.1 7*
        206 words
      • Article, Illustration
        685 20 Reuters, AFX-Asia POwnpoatelndei -3J5 JAKARTA stocks slid lower yesterday in thin trade, pulled down by regional weakness and a pick-up in monthly inflation in January, dealers said. The Composite Index closed down 3.95 points or one per cent at 405.16 points on volume of 268.1 million shares worth 184.21
        Reuters,; AFX-Asia  -  685 words
      • Article, Illustration
        667 20 AFP n SET Index -ILO SHARP selling in banking and finance shares spurred by worries over levels of doubtful debts dragged the Thai share market 3.2 per cent lower at the close of trade yesterday, analysts said. Analysts said sentiment was rocked by yesterday's confirmation from Bangkok Bank pic
        AFP  -  667 words
      • 285 20 AFP Q Manila +5«30 PHILIPPINE share prices closed 0.3 per cent higher yesterday, with investors buying up Philippine Long Distance Telephone Co amid lingering caution on the country's economic prospects, analysts said. The Composite Index rose 5.30 points to close at 1,975.29. Turnover hit 2.3 billion shares valued at
        AFP  -  285 words
      • 390 20 AFP El Composite Intel j43> SOUTH Korean share prices closed 2.5 per cent lower yesterday on huge futures-led selling, dealers said. They said renewed caution over the Russian economy also sent investors to the sidelines. Boram Securities dealer Han Soo-Chul said foreign interest fell substantially with institutional selling weighing
        AFP  -  390 words
      • 569 20 AFP PAllOrfaariai -117 AUSTRALIAN share prices closed down 0.6 per cent yesterday as a lower Wall Street caused investors to take profits, brokers said. The All Ordinaries Index closed down 16.7 points at 2,907.0. The All Industrials Index closed down 30.6 points at 5,289.2 while the All Resources Index
        AFP  -  569 words
      • 253 20 AFP PI Wellington -MIS NEW Zealand shares closed steady yesterday as most leading stocks succumbed to profit-taking, dealers said. The NZSE-40 moved up 0.8 point to 2,210.26 on turnover of NZ$l35 million. A dealer said investors had been chasing commodity stocks in expectation of a turnaround in prices. —AFP
        AFP  -  253 words
    • 5573 21 Transaction date FYb 2 Or Or M Wt n Last Vol Day LMt Ouot. Dtv W "J Ht*fc Lf« StNo Company S«k COOO) HtqK Low 8uytf Soflor C'vf MULTHMOUSTiY ,42 17.5 m t 1000 Acma 50c 70 OS 292 72.5 69 69.5 70 27.5
      5,573 words
    • 1064 21 Or Of M Wt 52-wn Last Vol Day Last Ouota Otv YM Nat Caj A»f U» «w Cwinoy I* (-OOP) Hmi L— —yr «—T Car Wf W» MANUFACTURING 243 30 2049 AS Auto 10c 97 unch 433 t02 96 5 97 98 15 H 7 1.5 92 "03 100
      1,064 words
    • STOCK EXCHANGE OF SINGAPORE
      • 391 22 Stacks Volume ST Engg 10c 13,397,000 CK T**jWt99 1,373,000 LKN Wt99 6,892,000 CK Tanq 20c 5,645,000 DBS Land 4,909,000 SembCorpI 25c 4,838.000 *TanChonqlnt50c 4,665,000 SingTel 15c 4,358.000 E Res WtOI 3,366,000 BankBkt MLCW99 3,297,000 ttadu > Creative T 25c 32,114,213 0C8C Foreign 24,889,539 DBS Foreign 22,*****0 ST Engg 10c 19.314,818
        391 words
      • 647 22  -  STOCK MARKET COMMENTARY Lack of clear direction from Wall Street, HE pulls bigger caps down, dragging the broader market along By R Sivanithy LOCAL stocks swung back and forth yesterday in yet another boom-and-bust session that saw stocks cave in under
        647 words
      • ON THE GRAPEVINE
        • 105 22 CAUGHT at a press conference: chief financial officer Chay Yee Meng of blue-chip electronics contract manufacturer Natsteel Electronics signing multiple copies of the February issue of CFOAsia (tagline—"a magazine for financial directors and treasurers") for members of his staff and industry analysts present. Reason: the "Man with the
          105 words
        • 160 22 SOLICITING for business in the arcane world of law has reached new heights, or shall we say new exposure, in the case of one Hongkong lawyer. Paul Tse Wai-chun advertised his legal services with only his private parts covered by a book entitled Legal Rights are Inborn.
          160 words
        • 100 22 IT is not often that you get to see large international banks arch-rivals in most areas of banking—come together in a joint enterprise. Well, you do in the unit trust arena. Standard Chartered Bank's investment services unit which is the largest distributor of third-party unit trusts here—said
          100 words
        • 82 22 TRADITIONALISTS will be relieved to know that some customs are still alive in high-tech Singapore. When ordering food for her company's cocktail party, one executive told BT she soon learned that macks like samosas are a no-no. For the same reason, triangular sandwiches are out—the sharp ends
          82 words
      • Article, Illustration
        61 22  -  -By Wong Wei Kong C K Tang shares closed yesterday up a cent to 46 cents with 5.65 million shares traded, compared with its 10-day traded average of 3.64 million shares. The daily and weekly RSI and Stochastics suggest that an uptrend may be forming, a reading that
        61 words
  • Page 13 Advertisements

  • Page 14 Advertisements
    • 342 14 CSA CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) CONDITIONAL CASH OFFER BY CSC COMPUTER SCIENCES INTERNATIONAL INC. (THE "OFFER") The Directors of CSA Holdings Ltd ("CSA" or the "Company") wish to inform shareholders and optionholders that Merrill Lynch (Singapore) Re Ltd ("Merrill Lynch") had announced, for and on
      342 words

  • Page 15 Advertisements
    • 96 15 3 February 1999 This announcement appears for the purpose of record only GES INTERNATIONAL LIMITED ARBN 063 850 448 (Incorporated in the Republic of Singapore on 10 July 1986) INVITATION IN RESPECT OF 100,000,000 NEW ORDINARY SHARES OF 550.20 EACH COMPRISING:(1) 25,000,000 OFFER SHARES AT 550.25 FOR EACH OFFER SHARE
      96 words
    • 616 15 GES INTERNATIONAL LIMITED ARBN 063 850 448 (Incorporated in the Republic of Singapore on 10 July 1986) Invitation in respect of 100,000,000 new ordinary shares of 550.20 each comprising (1) 25,000,000 Offer Shares at 550.25 for each Offer Share by way of public offer, and (2) 75,000,000 Placement Shares at
      616 words

  • Page 16 Advertisements
    • 72 16 «Jusr For Vou On Rng Pom Filled Wirh Health find Wealth Celebrate this Lunar New Year with our specially-priced package of 50-s'gallon bottles of mineral or distilled water and a dispenser! i hi 00 MM i Jr W* jMri I v- |||U|i|y>i|miß r W i JPV (Ocean NATURAL MINERAL WATER
      72 words
    • 96 16 FORO MOTOR CREDfT COMPANY Floating Rate Notaa Dua April 28. 3005 (Common Coda No.: *****67 ISIN No.: U*****97 RX36) (CUSIP No.: *****7 RX3) In accordance with the terms of the documents governing the above-refer-enced Notes, notice is hereby given that the Interest Rale per annum lor the Interest Period commencing
      96 words


  • Page 18 Advertisements
    • 116 18 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, LIM SOI TEE of BLK 665, Yishun Ave 4, #06-187 Singapore *****5, have applied for a Second Class Public House Liocncc in respect of M/s Premier Thai Traditions Restaurant Pie Ltd located at No. 20 Eastwood Road #01-03 Eastwood Centre Singapore
      116 words
    • 112 18 LIQUOR LICENCE NOTICE Notice is hereby given that, I, CHEN YIN SWEE, of 248, Lorong Chuan #10-01, Chuan Park, Singapore *****7, have applied for a Public House 2nd Class Licence in respect of M/s Le Wine Warehouse Shop Deli located at 9 Tai Seng Drive, #01-01 HESHE Building, Singapore *****7,
      112 words
    • 111 18 LIQUOR LICENCE NOTICE Notice is hereby given thai, I, CHEN YIN SWEE, of 248, Lorong Chuan #10-01, Chuan Park, Singapore *****7, have applied for a Retail Liquor Licence in respect of M/s Le Wine Warehouse Shop A Deli located at 9 Tai Seng Drive, #01-01 HESHE Building, Singapore *****7, and
      111 words
    • 112 18 LIQUOR LICENCE NOTICE NOTICn IS HEREBY GIVEN thai, I, IX)W CHIN KWEE of 27, laber Terrace Singapore *****2, have applied for a Second Class Public House licence in respect of M/s Premier Thai Traditions Restaurant Pie Ltd located at No. 1 Gokttiill Plaza, #01- IW2I Singapore *****9, and that this
      112 words

  • Page 19 Advertisements
    • 115 19 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN thai, I, SIEW LEE JIN of 11, Klias Green #07-06 Singapore *****4, have applied for a Second Clam Public House Licence in respect of M/s Premier Thai Traditions Restaurant Pie Ltd located at No. 34 Sembawang Road #01-01 Hong Heng Mansions Singapore *****8,
      115 words
    • 106 19 NOTICE NOTICE IS HEREBY GIVEN that, I Chur Soo Jin of Blk 218, #02-05 Loyang Avenue, Singapore *****6, have applied for a House Beer licence in respect of Pasir Ris Bay Resort located at 165 Pasir Ris Road, #01-13, Singapore *****3, and that this application will be considered by the
      106 words

  • Page 20 Advertisements
    • 105 20 NOTICE IS HEREBY GIVEN that I, TEO KAH KENG of Blk 233 Bt. Batok East Ave 5 #12-55 Singapore *****3, have applied for a Public House, First Class Licence in respect of M/s lON KING'S PUB located at 15, Anamalai Ave Singapore *****5, and that this application will be considered
      105 words
    • 103 20 NOTICE IS HEREBY GIVEN that I, PANG CHUIYOON of Blk 8 St. George's Lane *08-263 Singapore *****8, have applied for a Retail Beer Shop licence in respect of M/s Hana Gifts International Pte Ltd located at 3 Maritime Square #01-01 Singapore *****3, and that this application will be considered by
      103 words
    • 101 20 NOTICE IS HEREBY GIVEN that I, KOK KUM CHOY of Blk 53, Marine Tcrracc, #05-233 Singapore *****3, have applied for a Public House, First Class Licence in respect of M/s Hoax PUB located at 140, Arab St Singapore *****7, and that this application will be considered by the Liquors Licensing
      101 words
    • 107 20 NOTICE IS HEREBY GIVEN that I,TOH lIAN KEE of Blk 579 12-79 Pasir Ris St 53 Singapore *****9, have applied for a Beer House 2nd Class licence in respect of M/s Fong Leek Enterprises Pte Ltd located at Blk 970 A Toa Payoh North #01-01 Singapore *****7, and that this
      107 words

  • Page 21 Advertisements
    • 104 21 NOTICE IS HEREBY GIVEN that I, KOH SOON YEE of Blk 734, *09-95 Tampines St. 71 Singapore *****4, have applied for a Retail Liquor Shop Licence in respect of M/s Ye Hong Mini-Mart located at No 20 Desker Road, Singapore *****7, and that this application will be considered by the
      104 words
    • 108 21 NOTICE IS HEREBY GIVEN that I, SEAH QUEE LIM of Blk 21 #08-37 Bedok South Rd Singapore *****1, have applied for a Public House, First Class (Extended) Licence in respect of M/s House Of Peranakan Cuisine Pte Ltd located at 10, Claymore Road Singapore *****0, and that this application will
      108 words
    • 103 21 NOTICE IS HEREBY GIVEN that I, ONG LAY PING of 78A Serangoon Garden Way Singapore *****4, have applied for a Public House, Ist Class (Extended) Licence in respect of M/s First Karaoke (KTV) located at 13A/15 Kampong Bahru Road Singapore *****6, and that this application will be considered by the
      103 words
    • 108 21 NOTICE IS HEREBY GIVEN that I, ONG SEE KIM of Blk 706, *12-46, Woodlands Drive 40 Singapore *****6, have applied for a Public House, First Class Licence in respect of M/s Summer View Hotel Pte Ltd (Extended) (Tourist Hotel) located at 173 Bencoolen Street Singapore *****2, and that this application
      108 words

  • Page 22 Advertisements
    • 975 22 lUATIfriC To nclver,lse ca ,oM ,ree 1300 /41 1883 HUI IvUIJ Fax No 741 1298 THE COMPANIES ACT CHAPTER MT SECTION 290(2Xb) NOTICE OF RESOLUTION METEOR (SXA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraofdinary General Meeting of Meteor (S.E.A.) Pte Ltd held at 350 Orchard Road. •16-09/10, Shaw
      975 words
    • 490 22 is getting Margin Financing a hassle? Call DBS investor Online at 438-1188 gj| )USBANK In the Matter of The Companies Act Cap. 50 And (n The Matter of HOT GOSSIP RESTAURANT DISCOTHEQUE PTE LTD (InVoluntary Liquidation) Hxtract of Minutes of an Extraordinary General Meeting signed by the Representative of Holding
      490 words
    • 471 22 WAH SHING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF BOOKS CLOSURE DIVIDENDS The Directors recommend a 2nd interim dividend (in lieu of final dividend) of HK$l3.5 cents per share (1997 final dividend-HK$7.5 cents) representing a dividend rate of 27% (1997 final dividend-15%). The first interim dividend
      471 words
    • 27 22 A To advertise your simply fax: 741 1298 or Call tollfree: 1800 741 1883 he Tanglln Mall, every third Saturday of the month. spm 11pm 1 <=***[ .1
      27 words
    • 340 22 THE COMMNES ACT, CHAPTER SO AND N THE MATTER Of HMjEPOCE (FIE) LIMITED IMIMfIERS VOLUNTARY WNDMG-UP) NOTICE Of RNAL MEETING NOTICE s hereby given that the '■'cT of the above mentioned Co"ocr> wl De held at 9 Battery Rood #13-!. Srs-s 'roding Building, S'pore WO a« 3 IW at 10.00
      340 words
    • 225 22 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF WILSON AW RENOVATION CONTRACTOR PTE LTD (In Voluntary Liquidation) FINAL MEETING NOTICE hereby given pursuant to Section 308 of the Companies Act. Cap SO that the Final Meeting of the members of the abovenamed company will
      225 words

  • SHIPPING TIMES
    • 306 23 Bridge News Reuters ATLANTIC Panamax rates slipped in slow trade. There was little Far East activity where charterers continued to talk rates lower. Biffex saw aggressive selling, Clarkson Securities Ltd said in its daily market report After a quiet start and a general lack of physical news the
      Bridge News; Reuters  -  306 words
    • 217 23 cwTPi*>iiaM OJ< M CfeMn Hup 0.565 -0.01 «S -049 -am rntaM 1Mb _JL_ 0.17 uncti 100s MHSfifl C.M5 *0.005 34 MalSuftM* 0446 vnch 149 MEkmxnm art WCIIoWnfi HK 5iC on* ♦o.oos r Mrtmsmimt—tM *o.os S *m#cmv 4 04 -o-oa m nwtmi rto «mch im Ka9pa< Marina 17« -0.01
      217 words
    • 692 23 Piracy acts not random but are carried out by highly organised networks [SINGAPORE] Two of the 16 Indonesian pirates, suspected of having hijacked and murdered the 15 crew of the Japanese cargo ship Tenyu last year, were also involved in another brutal hijack
      692 words
    • 63 23 [SINGAPORE] The Golden Victory, a 298,500dwt very large crude carrier, was recently completed at Hitachi Zosen's yard in Ariake Works, Japan. Owner Golden Strait Corporation has taken delivery of the tanker which is under the Panamanian registry. It is the 10th double-hull VLCC built by
      63 words
    • 599 23  -  STRAIT TALK By I Seafarer AS a deck cadet some 30 years Seafarer initially found the emphasis placed by his, very traditional, pre-sea training establishment on neatness and "good order" irksome in the extreme. Countless kit and accommodation inspections, apparently
      599 words
    • 556 23  -  Modern 'Mayday 9 call brings legendary Morse Code to an end Reports by < George Joseph (SINGAPORE] A satellitebased "Mayday" system on all passenger ships and cargo vessels of over 300 gross tonnage has fully come into force worldwide. The International Maritime Organisation
      556 words
    • 306 23 [SINGAPORE] The last Morse Code message was tapped out from Ireland's Valentia Island radio station on Monday. A solitary dot, the letter E, signalled the end of an era when radio officer and morse expert John Farrelly tapped out a final "Goodbye" from the coastal
      306 words
    • 1171 24 GLOBAL MAaiTiMU DISTRESS AMP SAFETY SYBTHM GMDSS uses terrestrial and satellite technology and shipboard radio-systems to send distress calls What is the GMDSS? A: The Global Maritime Distress and Safety System (GMDSS) is an international system which uses terrestrial and satellite technology and shipboard radio-sys-tems to ensure
      FILE PHOTO  -  1,171 words
    • 339 24 PACE Evergreen 6 ANL 3 Express T L M Accord 8 FoongSun 8 Ahrenluel 12 F 'ot« <2 Appensiup 5 Frt Links M AsUOCL 12 6 Link 4 Austral 8 Gemartrans 8 Avant 14 0"sN*) 12 B'tang Mas 8 Glory Nn 14 BSA 7 Goodrich 12 STL
      339 words
    • 17319 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Dest'n Name Name Number Number HHNHHHHHMMMHNMMHHNMHNHHHHHHHHNHHNHMHHMII lf/02 17/03 COSCO TARLIGHT RIVER 0001* 65 *****00 To ABIDJAN (ABJ) 2003 Cot# D'l voire 21/02 20/03 Pro Line pro pacifica
      17,319 words
    • SHIPS IN PORT
      • 641 37 Voy No Btrth Arrival Departure **Jg 0299 «x*js«* 02.02/2000 *r« P*f«»ti »Ot99 Jll ilongsid* 02.02/2300 T# -l V99 J02 alongside 02.02/1700 M9002 J04 ilongsid* 02.02/1100 0207,9 J(n *toogsK»» 03.02/0600 P. 5 4 *****9 JO! ilongsid* 03.02/0100 C Progress 02/02 J09 Mongsid* 02.02/1600 JJJn W ilongsid* 05.02/2300 6oM*mMcon 01
        641 words
      • 1715 37 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/B* lane* Rstls VoyNo Etb/Btr Period From To From 2 sirs* oi/soo u 02/800 02/859 02/800 OsH 04/1200 U 02/1500 02/W59 02/800 02/1500 02/1659 02/1900 2* 02/1700 0J/0659 03/0900 21 02/1700 03/0459 03/0900 1 03/0700 03/1159 03/140* 4 03/1200 03/1459
        1,715 words
      • 221 37 Feb 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. Fsk 17 China: Chinese New Year. Singapore:
        221 words
      • 733 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 averagetiled stem. Market movements are Indicated. The Cockett Bunker Price Index change and the individual
        733 words
      • 333 37 *Si2 T »toc S21 Art All— toJS, [25 *Y o "J N/N 380 Aw *U 0.3 15.1 0.07 26 0X2 -a "V 1 n i "i S u So 55 ST SE 555 5:1 5:55 53 *5 2J5 °W 180 Mu 992.0 0.4 18.6 0.07 M
        333 words
    • AIR & LAND TRANSPORT NEWS
      • 400 38 US aircraft maker will continue to support and build on customer and industry relations AFP [HONGKONG] US aviation giant Boeing Company yesterday stressed its commitment to Asia, saying the region had a bright future despite the current turbulence. Boeing vice-president Asia/Pacific Larry Dickenson,
        AFP; FILE PHOTO  -  400 words
      • 315 38 Reuters [MANlLA] The Boeing Company has opposed the rehabilitation plan for Philippine Airlines, calling it defective for sidestepping its own claim as an unsecured creditor, according to documents obtained yesterday. Boeing said it has claims for damages for what it said was a
        Reuters  -  315 words
      • 281 38 Airtonrs may bill them the cost of diverting flight Reuters [LONDON] The operator of a British holiday jet which made an unplanned landing in the United States said on Monday it may bill the brawling passengers who forced the stop. "We are currently
        Reuters  -  281 words
      • 296 38 Reuters [HONGKONG] Cathay Pacific Airways Ltd said on Monday it was still open to talks with flight attendants upset over pay and work options, but added that the over 80 per cent acceptance rate would make renegotiation of
        Reuters; FILE PHOTO  -  296 words
      • LOG Book
        • 85 38 Reuters [HONGKONG] Hongkong Dragon Airlines Ltd (Dragonair) has taken deli very of a sixth Airbus AS3P aircraft fh>m Airbus Industrie as part of its three-year fleet renewal programme, the company said in a statement yesterday. The latest A 320 has been leased under an agreement
          Reuters  -  85 words
        • 86 38 Reuters fPHNOM PENH] China Southern Airlines has launched a scheduled service between the southern Chineee city of Guangzhou and the Cambodian capital, a company representative said yesterday. The twice-a-week service is being launched under a 1966 agreement between the company and the government. The service
          Reuters  -  86 words
        • 83 38 AFX-Asia [JAKARTA] Jakarta city authorities have decided to l| resume work on a US$l.5 billion (Ss2£ billion) underground railway project that was suspended due to the economic crisis. Media Indonesia quoted city governor Sutiyoso as saying. "The subway project, covering a distance of 14.5 kilometres,
          AFX-Asia  -  83 words
      • 1576 38 AIRLME COOES M.Atmncm*HmVW.#*r fan (AFR). AIArMM (AtC). AY FTrm Oy (F9t). AZ AIMM Artm (AZA).BA Brim* Armyt Put* U6 Co IBAWi BG Btnm h«kM Artm (BBC). Roo BrumAHmStißM (USA), BO fount AMm/BOU). BR EVA Amruyt Corgn (E\fA). CA. Art Chtm (CCA). Ct Ammkm hßnrntontArtm (CKS). Ct
        1,576 words
  • Page 23 Advertisements
    • 20 23 GMDSS: satellite technology takes over All you need to know about the Global Maritime Distress and Safety System. Hft 2
      20 words
    • 206 23 Boeing still committed to Asia despite crisis US aircraft maker will continue to support and build on customer and industry relations. Back Page Frequently asked questions on the GMDSS, Page 2 TheßcknessTimes Shipping times To keep ahead in today's uncertain fast changing economic landscape, you need to be well informed.
      206 words

  • Page 24 Advertisements
    • 899 24 NORTH AMERICA I EXPORT I I OTHER dcMIATIONS I SSX SUPER SWTTLE EXPREBB PffgCT TO LA W«T CO AST Of COmUL VBSR vot Imm I rosw ua an moo cmc irr wocoarr nssa 1 totTsT 9YT7I wmi lq—pp mm HBWYTffWf MfffTlfT OOQI—KA UHM I W/H I M/H H/H M/H H/M
      899 words
    • 122 24 The Global Maritime Distress and Safety System (GMDSS) came into effect globally on Monday. This is Part One of a two-part Question and Answer series produced by the International Maritime Organisation about the system A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL
      122 words
    • 664 24 Lines services represented MaiiiiiiL irf iim l-BSll) b V Members o( the Registry erf kHI Singapore Ftert* Fwwaroers Accredited Shipping Agents. Association Singapore Shippng Association CONTAINERS/CONVENTIONAL CARGO FROM PORT KLANG/SINGAPORE ft JAKARTA ETA PKL ETA SIN ETA MALE piiMMsLJijr vkm wttm mmm \imm PriMenUjr WN Zimm •l/B/W NWN Liur MARINE
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  • Page 25 Advertisements
    • 1140 25 TO EUROPE FROM EUROPE ivissa voT|siimi»i»HMiw»MunT ta~| Ivessii voy I rtm amr ham Mtv sou ext uh «n MM S2SW 05/02 21/02 23/02 26/02 27/02 THAMES 552! 14/01 13/01 14/01 11/01 04/02 NOIPCARI 007W 00/02 25/02 27/02 02/03 24/02 NOl AGATE *****4/01 I*/01 14/01 13/01 04/02 DAMUK 543W 11/02 04/03
      1,140 words
    • 1882 25 <g) HANJIN SHIPPING Ikr 1 U t ikMr<Li> -Ub mora HARM SHIPPING P) HI ITP K»//—» bjt KXXW6; 3MBBS-23T SAUS 32t0224- 731 DOCUMBIT *****71 274 OHOMBBS: 3MBM-2SI MAW LUtt: *****5S HI: 2724M0 CI Ml I 534t*****M TO NW USA A CANADA USA CANADA* imvsi/voy mm 3T™ umhaik/vdy sa m km
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    • 444 25 HILLY CONTAINHIf P PBPHATBP SIKVICBf rasa w_ fts wr mwm ua wis pSL y T Iml *6 IvESsa wlsw I jpJ mmtm m h*i m\ iw v/o\ 3i/ti n/w oa? k/bj |]j*{[l 11)$ I $/ol 16mlosffiToT/fh mtcuaui wis w/oi w (WOW iw «I i</« I ia/m ralt£fflli4/M| ■TCjßgit wis 30/Qi
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  • Page 26 Advertisements
    • 1528 26 DSR-SENATOR LINES TO UK/CONTINENT TOMEPrTKRRANEANfCANADA *aa wi m g ma urn mm wv fu kmb WY mi an n* ro» nc wra HANJM DALIAN W0907 21.8 11K it s 17 B 118 ltd SHANGHAI SfNATOR WMH7 »01 14 B 1102 II B 2102 27 02 MERKUH STAR WON! 30 01
      1,528 words
    • 855 26 1 -I\-/ I on Wk ISDOBTSeoeeB SWJ: (064)*****9 MANILA: (632) *****24 W POiANQ: (04)*****36 BANGKOK: (662) *****67 SURABAYA; (31) *****0 P. KELANQ: (03) *****77 JKTi (21) *****07 MON: (61) *****3 KUCH64Q (062) *****1-3 BARCELONA SURABAYA MV "NORASIA MALTA" V.9905-4 MV "SEA EXPRESS" V.EPRO97 ETA SIN: 9-2-99 ETA SIN: 7-2-99 LONG
      855 words
    • 529 26 LINK gy TKti 1»341> IMb IBMIII MUARA j LABUAN vosa voy no eta vcsa vor m ra SPORE MUARA SPOtE UN VO3E/W 03/01 04/02 OMtUKSXi VO3E/W 03/02 07/02 Jijosra voa/no«/oioi/oi snumwpf v«/w 04/0213/02 VO3E/44 04/02 12/02 OUUtAA JN232 VO4E/09 12/02 U/02 CAKMUJQJ2 VO4E/44 12/02 IS/02 STIAITSHOPE VO4I/04 20/02 23/02 IH
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  • Page 27 Advertisements
    • 1148 27 VOV SIX PKQ pew PCM DUB DAM I SHJ M BIK •RAN TABATABAEI PJLI33I 09/02 18/02 19/02 20/02 22/02 24/02 ■RAN TEYFOURI PJLI32B 13/02 22/02 23/02 24/02 26/02 28/02 IRAN BAKERI PJLI33B 22/02 03/03 04/03 08/03 07/03 09/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 18/03 I IRAN BABAEI
      1,148 words
    • 1524 27 Jlhmlm VOOI3W(IUSIN J J M M), Cum VS« ImKhil I All-Watar nnin will tall at I Moi*f #11l poitf illtM(l #f iiltlMor# T Jj I itil TIL 226 1900 FAX: *****0 A OUTWARD (IAr^^^SwSMS^JOMoSrSFHar 1 I SHIrrIPII rTf LTD #17-01 MS HOG SAJiS/BKGS *****57/60 INWARD DIPT (D/0i *****1S COSTiI AfiEIICKf
      1,524 words
    • 625 27 'ir-g-i EASTERN OUt UNER, LTD. Lt ECL (SINGAPORE) PTE LTD lT 1 IN ROIWC HEAVY URUrTO4SOTOHsT ML fiHtfiATOßg) WHIP LOADING FOR MANILA/ BATANGAS PORT KLANO/ COLOMBO MV "CORAL HERO" V.14 MV "TAISHUN" V.34 ETA SIN 08/02/99 ETAMNI 15/02/99 ETA SBM 10/02/99 ETA Ha 11 /02/99 "ABTG 17/02/99 ETA CM 17/Q2/99
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  • Page 28 Advertisements
    • 1385 28 EUROPE/UK/SCAWDIWAV>A/FIWUWP/RUSBIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DIADEM RW-004 ***** 26/02 27/02 01/03 03/03 N GENOVA RE-021 1141 12/01 14/01 0442 E OAINTY RW-009 14/02 86/03 06/03 04/03 10/03 E RESULT RE-623 14/01 16/01 15/01 17/01 11/01 1142 1242 E. DYNAMIC
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    • 988 28 PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, «03-00 PIL Building, Singapore *****0. I I CR NO **********06 |VK» vor m Imi"I w std m m «i m m mm raum 3 oss 4/2 s/2 u/2 10/2 24/2 2/3 3/3 QQQAfUTT OM aa "1/T~ nn nft §!/3 ~77T" MICA
      988 words
    • 561 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA Vtssa vov SIN PUI I DW IJW I CTT 1K» mniuDttGow <01 is 07/0? 14/w ?o/o? nm im mtm mug mn 14/02 a/02 03/03 m/u NMttIVBIUS V Q32S 11/02 24/02 02/03 05/03 M3~ W/P GOLDEW DRAGOW I.OIOS 03/03 12/03 14/03 19/B3
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  • Page 29 Advertisements
    • 459 29 !■> MYANMA pHBk FIVE STAR LINE (Myanmar National Lino) Loading for Yaagon (Rangoon) VIS $11 VOT SIN pkl pen pgu NPA-AN 2S4W SU> MONO-U WW 07/02 MAUYSIA Ad NTS: BOUSTEAD SHIPPING AGENCIES KUL TH (03)*****00 PKL Til (03) 37M101 PEN: TO (04)2****** PGU: HI (07)*****21/4 BANK LINE (A strviu of
      459 words
    • 1291 29 HMM?= HYUNDAI MERCHANT MARINE CO., LTD. IVISSR VOT SM sou UH on» l ant 1 ham |tv| fb fvßsa voylsouluhlrtmlantlhamlmnl fblsw V®*"** 1 V™ "£2 -"W M/« ware ssxTTTo? Ivoi m/oi oi/w 525W 05/03 2*/02 27/02 21/03 B/02 NOL AGATE 0101 15/0120/01 14/01 11/01 o*/02 Ml FURL 007W 08/02 24/02
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    • 1126 29 m t ncy>A«gan tpeaalmd oukxamtn Qsmxs Wilhelmsen Lines TO NORTH AND LATIN AMERia "RORO HEAYYUFT SERVICE" IVISSII vor RAMP HEIGHT SIN LAX CKI MIA SAV KAL OftF NYC NEW MOO TAMPERE "~F904 400 1«h 6.3 M 01/02 06/03 15/03 18/03 20/03 22/03 23/03 24/03 29/03 *****~" TEXAS F905 400 Ims
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  • Page 30 Advertisements
    • 738 30 BANGKOK/MAP TA PHIIT/UMI CHABANG JAKAWTA/f AMJA)IO VESSEL VOY SIN BKK MTP LCIT" VESSEL VOY SIN JKT PJN NANTA BHUM** 431N In Pt 06/02 07/02 GURU BHUM 115S In Pt 07/02 XETHA BHUM 269N In Pt 07/02 08/02 07/02 GURU BHUM 115 SB 04/02 07/02 DANU BHUM 27N In Pt 08/02
      738 words
    • 562 30 INDONESIA NATIONAL LINE TO AUSTRALIA I RJLL COWBMWER SERVICE »a ml PIC ml tTD IM&I MM I tIX IHI PtOIOHBttAW W x/wot/oa 17/B n/w a/w a/oi OIBTBTOWWI m 11/Wl3/«jtl/f7 H/W »1/M »4/M »//M APIWOOT ItS 11/W M/lJ M/B W/B M/M 14/ M mcwnuu |ow |»/wp/oq»?/m| i»/b n/w ii/m ii/b FEEDER
      562 words
    • 893 30 I VESSELS IvoviaNi pklljed mla leh I btm ham Izb Imot VXED6MHOSA V3OW OMgt 1(VOg 18*02 2MB 01/03 Q2/Q3 ofioTVILLEDE TANYA T3OW 16AJ2 17/02 28/02 02AXJ oaICQ OUOi 1Q»TO iam VKXEOE TAURUS A3OW 23*02 2W2 O&TO OftTO IVOO ~lw 17TO IftTO aVTO VLLE D'AQUARIUS U3OW Q2A)3 03/03 12/03 16*03 22/03
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  • Page 31 Advertisements
    • 47 31 I sTa^wmooo^oncfcrTisndr —mmJ (Retrieve more schedulesl) Press "1" Select the port and key in STBby the four digit code eg: To New York (NYC) 2275 Key in your fax number I !3© Enter your phone number Another Innovative service offered by The document will be SHIPPING TIMES
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  • Page 33 Advertisements
    • 150 33 f ■HDBHILFREE Reader Enquiry Service cut out and fax to 65-*****29 Hmnnrmflfvcn Need HELP or INFORMATION on the following? (please tick relevant boxes) r 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
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  • Page 34 Advertisements
    • 1469 34 CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINS* Ivissa votage n* smgapom iu c&ombo in kaiaon UUA2M 00IHW Ot/W/W 14/M/W IVM/H sww 006HW is/m/w ji/w/w ovovw smaumai oo7m n/n/n omit omit UUZAI 007HW OIAI3/W 07/M/W IM)3/* SWAI 007HW 01/OJ/W 14/OVW t»/OVW I UUZAI
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    • 448 34 ENG LEE SHIPPING CO PTE LID I I w> *****75 Uoaal Foa> 53MUI/531HM T CHaIM»IMMO( I VESSEL VOY SIN ETA SIN FfD DESTINATION Mono Polo 24 2/99 01/02 03/02 Wmrto UwonStelO 2/99 02/02 03/02 Kuokilungkal Unggul Joyo 3/99 05/02 06/02 Duri»/Peit»«na/B«jtor Urn Slo 12 2/99 05/02 06/02 Surabaya Ow Daya
      448 words
    • 375 34 rrrtt Stagopore Soviet Shipping CPI L\\« CIbIOOSOtfOOOON k\\l Muhflmo Shipping PL a Hil47S/V*****C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNO27 06/02 16/02 27/02 KOTA RATU RTUO3S 14/02 22/02 05/03 PERAK 125N 22/02 02/03 13/03 IvgSttL VOY tii CALCUTTA SM HARIBHUM 08SV 07-08/02 13/02 22/02 EPONYMA 005 15-16/02 20/02
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  • Page 35 Advertisements
    • 801 35 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO IH6 SW MT SW PPG ItW CM KM KAI NTL ORE SAV UM NOM 1 n/OL Mm M/W IZ7QI 17/03 ?0/03 21/ M 74/03 20/03 02/04 04/04 Mffiflg It/M 22/03 20/02 02/03 21/03 24/03 oi/04 00/04 04/05 09/05 10/05 11/05 17/05 12/05
      801 words
    • 1443 35 ■528BZYSBS Sf®! iffll m HAH LiH [ymg/mnß cnu "fS 1 I |hi |> m I Mifrrri Itimhi I iimih I PONIROM 03WM3 21 01 06.02 MMMMI3O2 11 W 848 IflL-iTgL JSK_ SHMI7U TOKYO oswam 2toi 1107 102 2002 *ns«Ais quasi *.12 2112 30.12 out 1141 2SJI 24.01 21.01 2101 —yojus
      1,443 words
    • 105 35 tfS*TOYOFUJI SHIPPING CO, LTD. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER I WEAK lULK CARGO VKSB |VOY| K S« JKT MU a jpm kuwnus sT M/ei" a/of ii/oi" 01/02 io/« TRANS FUTURE 1 13 31/01 02/02 I 17/02 transpacmcs M/ 02 T5/02 24/02 PBMRg SI [21/02 23/02 25/02 01/03 10/03 AGENTS: SINGAPORE
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  • Page 36 Advertisements
    • 2212 36 I VESSEL VOY TIGER SEA 681N 10-1302 17 18/02 I TIGER BAY 682N 08-09/02 13-16/02 20-21/02 I TIGER ISLAND 683N 10-11/02 16-19/02 2* 25/02 I TIGER PEARL 684 M 14-15/02 20-24/02 28-29/02 I TIGER SEA 685N 17 18/02 23-26/02 02 03/03 I TIGER BAY 686N 20-21/02 26-01/03 05-06/03 IVESSE^^^^VOVJST^caIsi^I TIGER
      2,212 words
    • 49 36 REGULAR SBI6APORE VETllAil SBIVICE vßsas vor mm dcstwaikw CUU LONG GUN6I 1/M MPT 03/0? VUNGWI/NOK MTO4 \m MPT 04/02 DMUW/QMMHON HUM lUVBI OS 1/tt MPT 05/02 NCHC/VWGWI NMRONGO* l/*f MPT 00/02 TUNGWJ/NMPHONG AGENTS:- IMKOV SHIPPING CO PTE LTD 39 DUXTMMI SINGAPORE *****7 TEL: *****71 FAX: *****95 ca a. iiimi—
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  • Page 37 Miscellaneous
    • 120 37 LEGEND: R Thunderstorm Temperature c A^ Sho ww Weather r~S W,nd <*«ct.on wrth speed in knot* R«n \^J Cloudy Sky Wov« height Surface winds or* indicated by arrows which fly with th« wind On. fu. circle represents calm or kght and vonoWe winds One hoH fleche repress 5 knots WoTh
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  • Page 38 Advertisements
    • 46 38 Or make your dream a reality with a piece of realty. r/tfNjn Whether you're in the market for a luxurious bungalow ®wO or an affordable apartment, you can find it easily in the Classified. CATA 1 Move on to the Properties Section, Classifications 400 to 569.
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