The Business Times, 9 February 1999
1999-02-09
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The Business Times
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Title Section14 1999-02-09 1 THE BUSINESS TIMES MITA (P) 046/ia^B 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, FEBRUARY 9, 199914 words
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Article67 1999-02-09 1 811 U3UBB (-23.30) ml 538.41 (-14.28) SIMSCI FUTURES 117.50 (-1.70) Q MARKET MOODs mm Mixed STOCK MARKET INDICES Monday Change KLSE COMP 528.10 -3170 NIKKEI 13*9149 +9441 HANGSENQ 9.139.60 -6060 SET INDEX MB 7? -7.19 JAKARTA COMP —599.69 -6.86 MANILA COMP —1566.49 -1136 TAIPEI WP! *****8 +***** SEOUL67 words
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Article83 1999-02-09 1 FOBEX BATES USI SI USJ 1.689 £(US$/S$ per S) 1.636 1761 EURO(USS/S$ per E) 1.114 1.899 DM 1.740 0.971 YEN 1116 1.488* RM 1800 0.444 HKS l. 7.749 0118 BAHT 36% 0 046 Rl'PIAH 8,838 0019* 'Stumunio FUME BATES SINGAPORE* 5.91 KUALA LUMPUR 11.50 JAKARTA .28.0ft BANGKOK 1475 MANILA......83 words
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641 1999-02-09 1 Siow Li Sen - It's teaming up with CME and the Paris bourse By I Siow Li Sen [SINGAPORE] The Singapore International Monetary Exchange (Simex) is teaming up with the Chicago Mercantile Exchange (CME) and the Paris bourse Societe des Bourses Francaises in an unprecedented alliance641 words
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Article, Illustration709 1999-02-09 1 Diana Oon Abdullah - Tax based on market value of portfolio as at Sept 1 last year From. Diana Oon Abdullah in Kuala Lumpur MALAYSIA clarified to foreign fund managers yesterday that the 30 per cent exit tax announced last Thursday will be payable based on theSource: Bloomberg - 709 words
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609 1999-02-09 1 Diana Oon Abdullah - Anomaly arises from new roles on portfolio investments From, Diana Oon Abdullah in Kuala Lumpur FOREIGN buyers of Malaysian properties will be taxed twice on capital gains from property purchases made from Feb 15 under the new rules on portfolio investments announced609 words
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Article, Illustration146 1999-02-09 1 Highlights of Bumiputra Commerce Bank Bhd New merged bank, to be known as Bumiputra Commerce Bank Bhd, will become Malaysia's second largest financial services group with RM65b in assets. Commerce Asset-Holding is buying the entire 100% of Bank Bumiputra Malaysia Bhd (BBMB) for RMl.5Bb in shares andAFP - 146 words
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656 1999-02-09 1 Anthony Rowley - From. Anthony Rowley in Tokyo JAPAN has begun talks with South Korea on the possibility of a free-trade agreement between the two countries which could form the core of a wider trading bloc in the Asia region and beyond, a senior Japanese656 words
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Page 1 Advertisements
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Advertisement174 1999-02-09 1 DBBPB The Property Column The Lunar New Year could be a day of reckoning for some mortgagees, says Lee Han Shih, Pf 4 u Mapping the future Keppel Tat Lee Bank has unveiled its own version of the so-called road* map. "We are adopting a twopronged approach" towards achieving the174 words
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Advertisement17 1999-02-09 1 A peek into the corporate reporting season See Pg 13 Editorial: Beyond Malaysia's exit tax, Pg 1017 words
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Advertisement47 1999-02-09 1 Full report, Pg 14 <z> Bracelet fastened with screws. Yellow or white gold. 555,100. For Valentine's Day j SINGAPORE MILLENIA WALK GROUND FLOOR #01-22/23 TEL 339 0183 NGEE ANN CITY TOWER B GROUND FLOOR TEL 734 2427 HILTON INTERNATIONAL THE SHOPPINC GALLERY GROUND FLOOR TEL 235 029547 words
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SINGAPORE AT HOME & ABROAD
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478 1999-02-09 2 Ang Wan May - This is higher than new space leased, with terminations peaking in Q4: JTC By. Ang Wan May FOR the first time in at least five years, more ready-built factory space was given up than leased last year, with the478 words
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532 1999-02-09 2 David Boey - Q4 figure is 5 times that in Q2; most are 4-room flat lessees By\ David Boey THE recession has hit some HDB flat owners hard, with the number on the board's financial assistance schemes rising by leaps and bounds. Figures532 words
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Article, Illustration479 1999-02-09 2 Ronnie Lim - also bullish Reports by] Ronnie Lim SINGAPORE'S chemical industry will continue to grow in 1999, with 11 new plants worth Ssl.9 billion and employing over 900 workers starting production this year, Economic Development Board chairman Philip Yeo told an Asian chemical meeting479 words
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339 1999-02-09 2 SembCorp Industries has started work on its $650 million Jurong Island power station, awarding the turnkey contract last week to a European contractor, officials told BT yesterday. The station which will be ready in 2001, in time to use natural gas339 words
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Article, Illustration332 1999-02-09 2 Marissa Chew - EYE ON THE ECONOMY Commerce By] Marissa Chew FOOD and beverage outlets in Singapore saw yet another tough month last November, continuing their almost year-round double-digit slide in turnover. The sales turnover of cessable F&B outlets fell 21 per cent in November to $121.9Source: STB - 332 words
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331 1999-02-09 2 Toh Han Shih - By' Toh Han Shih TRICAST, a local Internet startup, has entered into a joint venture with MTV Networks, a major music TV channel, where Tricast will provide MTV-branded Internet content and services throughout Asia. Tricast chief executive Lim Joo Hong recently331 words
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Article, Illustration510 1999-02-09 3 Audrey Tan - Companies unlikely to get any major tax concessions, say analysts By. Audrey Tan THE 1999 Budget will most likely focus on lessening the tax burden on individuals, with a 10 per cent personal income tax rebate possible, analysts said yesterday. Despite510 words
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192 1999-02-09 3 The Straits Times OPPOSITION figure Chee Soon Juan was released from prison yesterday after serving his seven-day jail sentence for giving a public talk without a permit. The secretary-general of the Singapore Democratic Party had chosen to spend the time in jail insteadThe Straits Times - 192 words
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Article, Illustration422 1999-02-09 3 Christopher Tan - Industry body calls it inflationary and unproductive in a letter to the press Byi Christopher Tan MOTOR traders are dead set against the proposal for an open bidding system for certificates of entitlement (COEs), calling it "inflationary" and "unproductive". In a letter422 words
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431 1999-02-09 3 Ang Wan May - Industry can only support half the number of companies By. Ang Wan May MERGERS are inevitable in the Singapore insurance market as it can only support about half the 60 or so companies currently competing for premiums, says lan Thompson, managing director, insurance431 words
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160 1999-02-09 3 MOTOROLA has clinched a $33.7 million deal to wire up the entire MRT network with a new digital radio communications system. The system, called Dimetra, is Motorola's first in the Asia-Pacific that complies with an international standard for land-mobile radio communications.160 words
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Page 2 Advertisements
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Advertisement375 1999-02-09 2 THE university of Hull II pin UNIVERSITY OF "One of the Most Established in Singapore!" |IJJJ SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" It&V" mm Post-MBA Research Specialisms: IW I UV% S«SSio«\ FID '^Management V bA 22 Feb '99j 25thIntake.mW5T»»-\™>j>^/ >» •18 months only; 100% in Singapore Entrepreneurship and SMEs375 words
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Page 3 Advertisements
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Advertisement17 1999-02-09 3 •Tung Centre Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 313217 words
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Advertisement142 1999-02-09 3 Chair your next global meeting without even showing up. Enh?&£lk: ■<■ «SV £T,-.\ .A,» V DVkSV Yil^"' *l' Make your presence felt around the world from the comfort of your associates worldwide, for meetings, presentations, seminars, training own office. Because with Sing Tel World Conference, you can conduct sessions or142 words
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FOCUS: PROPERTY
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Article, Illustration630 1999-02-09 4 Lee Han Shih - THE PROPERTY COLUMN A foreign bank Is said to have given Feb 15 deadline to delinquent mortgagees By Lee Han Shih THE Lunar New Year will arrive in exactly one week, on Feb 16. For some in Singapore it could be630 words
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Article, Illustration338 1999-02-09 4 David Boey - By David Boey PIDEMCO Land and main-board-listed Hotel Properties Ltd yesterday roped in Four Seasons Hotel Inc (FSHI) as a partner in a luxury hotel being developed in London by the two Singapore groups. Pidemco and HPL said yesterday New-York-listed FSHI, a heavyweight338 words
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Article, Illustration630 1999-02-09 4 Harish Mehta - From Harish Mehta in Bangkok INDIA'S leading hotel chain, Welcomgroup, the owner and operator of historic palace hotels and five-star luxury properties, has embarked on a bold US$4OO million (***** million) plan to build five new hotels across India, and to expand its flagship630 words
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Page 4 Advertisements
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Advertisement120 1999-02-09 4 expression •'-••"'J /%'AV V Ji "VKSBMI vf Sfl Si S9 bands from SERVICE HOTLINE: 1800-242 I\l «l < E W E L L E RY RAFFLES PI ACE #01 -01 Clifford Center Tel: 532 2933 TAM PINES MALI 4 Tampines Central 5 #01 -24 Tel: 782 2933 ANG MO KIO120 words
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Advertisement259 1999-02-09 4 ni For Sale Bukit Batok St 22 4/s production cum 8/s office building 68.800/171,900 sf 30 opt 30 years wef 1996 Ideal for corporate HQ Walking distance to MRT 1 Include gym 6- dormitories PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office,259 words
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Advertisement155 1999-02-09 4 Brand new building Good corporate image Best for electronics industries 5,000 sq.ft. onwards Limited units Attractive rental Vanessa Kang: Lu£M2'9s3s 6763 8C*****2-1997, B»»M001fiPNE001 Brand new 5-storey hi-tech business premises Close proximity to IMM Building German Centre Land 70,000sf; Built-in 98,0005f Z Fully air-conditioned with basement carpark z Ideal for electronics155 words
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REGION
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Article, Illustration548 1999-02-09 5 ANWAR'S TRIAL Police acted on their own to arrest 2 who had accused him of sex crimes, he says Reuters [KUALA LUMPUR] Malaysia's sacked finance minister, Anwar Ibrahim, yesterday took the witness stand in his criminal trial and said he was the victimReuters; AFP - 548 words
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294 1999-02-09 5 BANGKOK AFP THAILAND yesterday said it was ready to start carving up the proceeds of huge asset sales held to pay off creditors of finance firms closed in the darkest hours of its financial crisis. Montri Chenvidyakarn, acting secretary-general ofAFP - 294 words
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233 1999-02-09 5 UNITED NATIONS Jakarta explains its new position to UN mediator, Portugal Reuters INDONESIA'S Foreign Minister Ali Alatas said on Sunday he hoped to have a "model" by April on the future status of troubled East Timor. But he rejected proposals for aReuters - 233 words
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130 1999-02-09 5 JAKARTA Reuters INDONESIA'S official Human Rights Commission yesterday said religious rioting could easily break out again in Ambon, adding the death toll from clashes last month had passed 160. Commissioner Albert Hasibuan criticised the military for being ineffective in preventing the unrestReuters - 130 words
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203 1999-02-09 5 MANILA AFP RECESSION-HIT local manufacturers face grim prospects with the Philippines set to slash tariff lines in 11 months as part of free trade commit-, ments, a prominent industrialist warned yesterday. "The countdown to globalisation is now with us and in 11AFP - 203 words
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467 1999-02-09 7 SHENZHEN Local governments responsible for their 'window' companies: Guangdong official Reuters, AFP A TOP official of south China's Guangdong province has warned foreign investors not to equate the debt of so-called window companies with sovereign debt, the Securities Times said yesterday. Vice-governorReuters,; AFP - 467 words
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Article, Illustration63 1999-02-09 7 [BEIJINGM technician climbing through metal scaffolding after wiring Chinese characters with electric bulbs yesterday in downtown Beijing as China prepares for its new year on Feb 16 According to the Chinese zodiac, 1999 will be the Year of the Rabbit and will usher in aAFP - 63 words
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199 1999-02-09 7 HONGKONG Bridge News CHINA'S urban unemployment will stand at 10 per cent for the next 15 years even if the country's annual economic growth stays at 7 to 8 per cent in that period, the South China Morning Post reported yesterday, quoting the mainland'sBridge News - 199 words
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297 1999-02-09 7 SEOUL 16-day stoppage costs chipmaker USsloom in sales Bloomberg LG Semicon Co said its workers returned to work yesterday, ending a 16-day strike that cost an estimated US$lOO million (*****.5 million) in lost sales at one of the world's biggest makers of computerBloomberg - 297 words
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Article727 1999-02-09 7 Loh Hui Yin - LETTER FROM HONGKONG Major govt missteps and the territory's economic woes fnel anmr and thr«u»tnn nwi^rt By Loh Hui Yin IT is deep winter in Hongkong, but there's a sizzle in the air. Nerves are easily frayed, tempers are short and the atmosphere is filled with727 words
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197 1999-02-09 7 HONGKONG Bridge News THE cost of doing business in Hongkong will continue to fall, said Hongkong's Secretary for Economic Services Stephen Ip addressing a World Trade Centers Association conference yesterday. Mr Ip said property, wages and labour costs had fallen dramatically as aBridge News - 197 words
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239 1999-02-09 7 BEIJING Cooperation needed to ward off financial risks together: paper AFP CHINA yesterday renewed its call on Taiwan to ease its ban on direct trade and investment in the mainland, saying the island needed the business. "Taiwan authorities should furtherAFP - 239 words
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Page 5 Advertisements
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Advertisement128 1999-02-09 5 ■■■V 111 —"j I Audi emergency situation, will faster than its driver. The Audi A 6. Advanced driving. Here is a car that's designed to as reliable. Side impact bars a for passengers. With permanent passenger remains stable to edge over other cars when an extremely 1 Program allows the128 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration521 1999-02-09 6 Steps include easing margin fond rules, better disclosures; longer-term plan to be out tomorrow AFP, Bloomberg [TAIPEI] Taiwan's government delivered a Lunar New Year gift to the ailing stock market yesterday by announcing short-term measures designed to arrest a slide in shareAFP,; Bloomberg; Source: Bloomberg - 521 words
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Article, Illustration502 1999-02-09 6 1998 growth falls to 4.83%, the worst showing in 16 years Reuters [TAIPEI] Taiwan said yesterday its economy grew an anaemic 3.71 per cent in the fourth quarter to drag 1998 growth below 5 per cent the worst showing in 16 years asReuters; REUTERS - 502 words
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372 1999-02-09 6 Reuters [JAKARTA] The IMF said yesterday it was considering extra aid for Indonesia on top of US$ll billion (5518.6 billion) it has already pledged, since private capital could not be expected to return during the current social and political uncertainty. "The boardReuters - 372 words
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Article, Illustration317 1999-02-09 6 Bloomberg [TOKYO] Japanese Vice-Fi-nance Minister for International Affairs Eisuke Sakakibara said none of the nation's top 17 banks will fail, nor would any more be taken over by the government. "Japan's financial crisis is coming to an end" becauseBloomberg - 317 words
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441 1999-02-09 6 Ruth Wong - Fund managers also told privatisation projects no longer guaranteed by govt From Ruth Wong in Kuala Lumpur MALAYSIA will announce new rules to resolve the issue of "delivery against payments" which has stalled trading among foreign brokers. In a conference with some 120441 words
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Article, Illustration338 1999-02-09 6 Larry Wee - By Larry Wee [SINGAPORE] The US dollar re-asserted its dominance in Asian trading yesterday, forcing the euro to its lowest since its introduction this year, while the Japanese yen was once again testing levels above 113 yen. Traders toldSource: Bridge - 338 words
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254 1999-02-09 6 Reuters [SEOUL] Moody's Investors Service yesterday said South Korea had "potential for a multi-notch upgrade" of its foreign currency bank deposit ceiling if the ratings agency decides to upgrade the country's sovereign ratings. "I think there's a lot more potential for aReuters - 254 words
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Page 7 Advertisements
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Advertisement119 1999-02-09 7 i Introducing the Sharp Ultra Slim notebook PC. With the speed, pg»^_ TICHHOLOOT MCMHZ. MM MMORt storage and connectivity of a desktop computer in a Win9B notebook up to noum XljM MM UN |MVM OHNMI BMTMV I J>i(j(|6 J no bigger than a magazine, and only 2cm thin. Complete with119 words
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THE WORLD
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552 1999-02-09 8 CUMTOITS IMPEACHMENT Call to probe if White House aide lied about bid to smear Lewinsky LAT-WP WITH closing arguments in President Bill Clinton's impeachment trial scheduled to be made yesterday, and little doubt that the President will survive a vote to remove himLAT-WP - 552 words
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353 1999-02-09 8 THE MICROSOFT CASE Company may lose even though govt has weak case Bridge News A GROWING number of economists, lawyers and thinktank scholars many of them conservatives who have championed Microsoft's side in the anti-trust trial the US government brought against the firmBridge News - 353 words
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488 1999-02-09 8 BONN Govt accuses CDU of racist campaign, seeks compromise on citizenship reforms Reuters GERMAN Chancellor Gerhard Schroeder's government yesterday said it would draw lessons from its defeat in a regional election and seek compromise over controversial plans to grant German passportsReuters - 488 words
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465 1999-02-09 8 MOSCOW Reuters RUSSIA is sinking in a quagmire of foreign debt, but the International Monetary Fund (IMF) is not yet ready to come to the rescue and analysts say a compromise may not be reached until the debt payments crunch intensifies.Reuters - 465 words
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279 1999-02-09 8 SAO PAULO AFP INFLATION in Brazil will surge over the next few months but will close the year at 6 per cent, Finance Minister Pedro Malan said on Sunday. He said the government will act "with determination and speed" to preventAFP - 279 words
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Article, Illustration328 1999-02-09 8 AMMAN AFP WORLD leaders and griefstricken Jordanians paid their last respects to peacemaker King Hussein yesterday at a state funeral which in mourning at least brought together several sworn foes. King Hussein, at the end of a 46-year rule, made his last journey throughAFP - 328 words
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353 1999-02-09 8 PARIS Estimates indicate they slid farther last year due to Asian crisis: OECD AFP THE amount of money flowing into the world's poorest countries fell in 1997 for the first time this decade, with official aid at its lowest level ever, and estimatesAFP - 353 words
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Page 8 Advertisements
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Advertisement126 1999-02-09 8 FOR SALE &es*tA, c "(jfiresme/* 4 £&outiyu& (JfjRQO fflote/" Features include: 119 spacious guest rooms suites Stunning restaurants bar Conference recreation facilities Development potential Under management by Mirvac available with vacant possession Expressions of Interest close: sth March, 1999 Andrew Seet, Singapore Ph: 224 8181 Jony Karp, Singapore Pti: 536126 words
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Advertisement7 1999-02-09 8 Zaobao IfttttkW: ii ®8 Jiff if «ff#»7 words
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Page 9 Advertisements
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Advertisement231 1999-02-09 9 ©PACIFIC I HUH I NTERNET we pamper our loyal surfers jßjn? with a social membership to Iff the Warren Golf& IB^^^Couijlry Club Sounds too to be true? Not you're a Pacific Internet subscriber as keen with us for at least iSA 6 months. You'll stand a chance to $f* i-231 words
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EDITORIAL & OPINION
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Article, Illustration792 1999-02-09 10 Anthony Rowley - THE BOTTOM LIME OPINION By Anthony Rowley The writer is BT's Tokyo correspondent IF Charles Darwin had survived long enough to witness the so-called globalisation of the world economy during the past two decades, he might have extended his great theory to state that792 words
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Article103 1999-02-09 10 think this is the year in which we will find out if the world financial crisis turns into a trade crisis. We keep telling Japan that this is the time to take down their trade barriers, but as usual they are unresponsive.' David Aaron US Undersecretary Of103 words
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Article677 1999-02-09 10 EDITORIAL The new rules on the repatriation of portfolio capital announced by Malaysia last week are a positive step, but more will be needed if Malaysia is to rebuild a conducive investment climate for portfolio investors. On the face of it, yesterday's 5.9 per cent fall677 words
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Article, Illustration1044 1999-02-09 10 Christopher Lehmann-Haupt - Tnrbocharged capitalism has made many very rich, bat has it been good for society as a whole? Byi Christopher Lehmann-Haupt NYT BY the term "turbo-capital-ism", Edward Luttwak means turbocharged capitalism, or the state of today's American economy, which has been "unleashed by theNYT; FILE PHOTO - 1,044 words
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Article, Illustration1009 1999-02-09 10 ft lna rtw* frrr poico KING HUSSEIN of Jordan served for 46 years, more than any other living monarch except His Majesty the King. His sudden, serious cancer relapse has removed one of the giants from the world stage. Not only did King Hussein serve for1,009 words
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EXECUTIVE LIFESTYLE
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Article, Illustration515 1999-02-09 11 Ven Sreenivasan - GOLF Recovery in asset prices, stockmarket rally posh prices back to mid-1998 levels By' Ven Sreenivasan [SINGAPORE] Prices of golf club memberships saw their biggest ever surge last month, with some gaining over 35 per cent, as the "Santa Claus" rally spilled515 words
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Article, Illustration645 1999-02-09 12 MAGGIE FOX - However, it is usually considered one of the more curable forms of cancer, reports maggie fox MAGGIE FOX Reuters THE cancer that killed King Hussein of Jordan is on the rise, but it is usually considered one of the more curable formsReuters; FILE PHOTO - 645 words
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Article, Illustration480 1999-02-09 12 MOVIES Disney also exploring plans to bnild theme park in south China LAT-WP [BEIJING] Ending a high-pro-file dispute that pitted China's Communist leaders against the corporate parent of Mickey Mouse, authorities in Beijing have rescinded their ban on films produced byLAT-WP; FILE PHOTO - 480 words
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Page 11 Advertisements
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Advertisement703 1999-02-09 11 Where to wine, dine and (gjassfe £jSX£££XEL Prc-Chinese New Year Set Menus for Corporate Luncheon 8C Dinner (7-13 Feb) £268 or #338 for 8 to 10 >ax Yusheng Promotion (3 Feb 2 Mar) Lobster at $88 per order, Abalone at #68 OC Salmon at $58 or $48 Chinese New Year703 words
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Advertisement67 1999-02-09 11 AWentine <J)ancina Surprise.' %t Ballroom dancing, 'pewd performance by Dallas e3 Martha William*, a um P tuo u4 seafood f% dinner with a glaM of j| WLne at Neptune. Date :14 February 1999 7.30pm-l .00am Price $38nett per person Reservations: 224-3203 II HIISkH Advertise in Wine, Dine Entertain of The67 words
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Page 11 Miscellaneous
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Miscellaneous1037 1999-02-09 11 CRYPTIC CROSSWORD ACROSS 1 Not worth considering one le- I gal scholar in casual dress! Lb mmm mmm mm 6 It was considered dangerous to include some Scandinavian books (4) IMB hh BH 9 It isn't favourable to be without a game (3,7) 10 One takes step back at one's1,037 words
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Page 12 Advertisements
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Advertisement111 1999-02-09 12 iff' I .4. 1 v:' I H P I m M* t I I I ;%li I V 4 I m 1 Vm* W I I nnt aHo t t' I Our AS/400 Business Partners: EES CSA CSC CSSL NCAPORt Cyan SYS WS& Fiserv r WkC /mrm* I iNrmiuM IDEchwrds111 words
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COMPANIES & MARKETS
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799 1999-02-09 13 Ven Sreenivasan - CORPORATE RESULTS PREVIEW Uncertainty over provisions; some bright spots seen for electronics, marine, 'defensive' firms By Ven Sreenivasan [SINGAPORE] This results season, unpleasant surprises could abound because no one really knows how Singapore's listed companies will recognise provisions in their books, analysts799 words
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323 1999-02-09 13 Annette Pau - By. Annette Pau [SINGAPORE] Industry analysts are looking at a positive March corporate reporting season for the electronics industry, with earnings increases averaging some 20-30 per cent for 1998. "There will be no surprises," says David Toh, a technology analyst at ING Barings.323 words
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678 1999-02-09 13 Siow Li Sen - HOCK LOCK SIEW Siow Li Sen IF the recent disclosures on the exposure of Singapore banks to China and Hongkong are anything to go by, it seems the disclosure policy of the banks has not changed much. Regular exhortations by the regulator678 words
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Article, Illustration624 1999-02-09 13 Catherine Ong - But 1999 earnings outlook brighter as provisionings seen peaking last year /?«/< Catherine Ong [SINGAPORE! Higher provisions for bad debts and recession in regional economies are expected to take their toll on the 1998 earnings of Singa-pore-listed banks, some of whomFILE PHOTO - 624 words
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COMPANIES
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717 1999-02-09 14 Ruth Wong - It will merge Bank of Commerce with Bank Bumi; govt to assume latter's RM5b bad loans Reports from Ruth Wong in Kuala Lumpur FINANCIAL group Commerce Asset-Holding Bhd (CAHB) yesterday agreed to buy troubled state-owned Bank Bumiputra Malaysia Bhd (BBMB) for 1.58717 words
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318 1999-02-09 14 MALAYSIA will set up a new Islamic or interest-free bank following the merger of Commerce Asset-Holding Bhd (CAHB) and state-owned Bank Bumiputra Malaysia Bhd (BBMB), Second Finance Minister Mustapa Mohamed said yesterday. He said a new Islamic banking licence would318 words
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397 1999-02-09 14 Teh Hooi Ling - Net stock's strong US debut fails to lift parent; revamp complicates matter By' Teh Hooi Ling [SINGAPORE] Many analysts in Singapore are unable to put a value on Pacific Internet (PacNet) and so are at a loss over its worth to397 words
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Article291 1999-02-09 14 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Chuan Hup Holdings and PCI have bucked the market trend, posting significantly firmer profits at half time. Chuan Hup's interim net earnings tripled to $15.5 million for the six months ended Dec 31, 1998, although turnover increased by just291 words
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Article, Illustration288 1999-02-09 14 Marissa Chew - By Marissa Chew [SINGAPORE] Chinese ceramic tiles and sanitary ware maker Eagle Brand Holdings made a disappointing debut yesterday, closing the day at 16.5 US cents or 13 per cent lower than its offer price of 19 US cents. The mainboard debutanteSource: Bloomberg - 288 words
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312 1999-02-09 14 Marcus Hand - By\ Marcus Hand [SINGAPORE] Inchcape pic has agreed to sell Inchcape Shipping Services (ISS) for £47.5 million (*****.1 million) to London-based venture capital firm Electra Fleming. The deal is expected to be completed by March 31, with Inchcape planning to use the sale's proceeds312 words
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182 1999-02-09 14 Margaret J J Koh (Mrs) Singapore - LETTER TO THE EDITOR Margaret J J Koh (Mrs) Singapore I REFER to your article on my resignation, headlined "OCBC exec vice-president Margaret Koh resigns", in BT last Saturday. As OCBC said in its statement, I resigned for personal reasons, the chief of which is182 words
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Article, Illustration480 1999-02-09 14 Alvin Tay - Focus on consumer, commercial banking and 'upwardly mobile individuals' Reports by. Alvin Tay [SINGAPORE] KEPPEL Tat Lee Bank has unveiled its own version of the so-called road map, focusing on consumer and commercial banking and targeting what it calls "upwardly mobileCHRIS LOH - 480 words
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Article, Illustration314 1999-02-09 14 Plans to move backroom staff to Tampines Centre [SINGAPORE] Keppel Tat Lee Bank will move its headquarters from Keppel Towers in Hoe Chiang Road to the old Tat Lee Bank site in Market Street when the new 22-storey building is completed314 words
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172 1999-02-09 14 (SINGAPORE] The Big Four label for the local banks has become a misnomer, says the chief executive officer of Keppel Tat Lee Bank, Benedict Kwek. Instead, he thinks that following the completion of the Keppel Bank-Tat Lee Bank merger last December, the Big172 words
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REGIONAL/INTERNATIONAL COMPANIES
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242 1999-02-09 15 Bloomberg [REDMOND, Washington] Microsoft Corp, the No 1 software maker, said it plans to reorganise into four groups to focus on customer service and hopes to bring back a top programming wizard who spearheaded the development of Windows 95 and the Internet Explorer browser.Bloomberg - 242 words
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COMPANY Briefs
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Article75 1999-02-09 15 [SINGAPORE] Mainboard-listed Teledata has teamed up with The Netherlands' Internoc Holding to form a remote network and system management and consultancy joint venture. The joint venture company, with a paid-up capital of $1.5 million, will be Internoc's network operating centre for the Asia-Pacific region. Internoc holds75 words
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Article90 1999-02-09 15 [SINGAPORE] Boustead Singapore yesterday said its 55 per cent unit, Boustead Projects, has won a $1.33 million contract from Ace Equipment in connection with its proposed two-storey factory building at Changi South Street One. Boustead said its group managing director and substantial shareholder Wong Fong90 words
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Article104 1999-02-09 15 [SINGAPORE] With effect from yesterday, Margaret Tan has taken over as managing director of UIC Technologies Pte Ltd, a principal subsidiary of United Industrial Corporation Ltd. She replaces Lee Wah Poh who has resigned. In the last 10 years, Dr Tan has been a lecturer,104 words
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83 1999-02-09 15 [SINGAPORE] Keppel Finance said yesterday the High Court of Singapore has approved its merger with Tat Lee Finance. Following the approval, Keppel Tat Lee Finance (RTF) shares and warrants will start trading on Feb 15. The first date on which subscription rights under83 words
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Article41 1999-02-09 15 [SINGAPORE] Van Der Horst yesterday said that substantial shareholder Bambang Trihatmodjo's stake in the company had fallen to 4.75 per cent, following the sale ofBoo,ooo shares by an independent financial institution at 67.52 cents a share.41 words
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71 1999-02-09 15 [SINGAPORE] Broadway Industrial Group said it has struck an agreement for an investor to subscribe for new shares in its subsidiary. Compart Holdings. The subscription monies will be used to increase production capacity to meet the growing demand for Compart's products. Broadway said71 words
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Article96 1999-02-09 15 Bloomberg [FRANKFURT] BMW's stock rose 9.9 per cent yesterday following its decision on Friday to replace chief executive Bernd Pischetsrieder for failing to make the company's UK Rover unit profitable. The BMW counter rose as much as 66 euros to 735 euros after MrBloomberg - 96 words
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427 1999-02-09 15 USslb project could signal convergence of pagers, cell phones, TV sets, computers NYT, Reuters [CHICAGO] In what is being billed as the next giant step in the Internet revolution, Motorola Corp, the maker of wireless communications products, and Cisco Systems Inc,NYT,; Reuters - 427 words
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344 1999-02-09 15 Bnt '99 gains expected to fall with rapiah firming Reuters [JAKARTA] Indonesia's largest mining firms will enjoy a surge in 1998 profits, reaping the benefits of a jump in dol-lar-based export earnings due to the sharp drop in the rupiah's value, analystsReuters - 344 words
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261 1999-02-09 15 Reuters [BANGKOK] Thai tollway operator Bangkok Expressway pic is expected to show its first profit in two years when it reports fourth quarter 1998 results later this month, helped out by lower interest rates, analysts said yesterday. Analysts said the lower rates helpedReuters - 261 words
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Article, Illustration363 1999-02-09 15 It will feature content from largest online publisher of women's material NYT [NEW YORK] Microsoft Corp was set to introduce a new Web site for women yesterday, hoping to capture what many feel is the largest and fastest-growing market on the Internet.NYT; FILE PHOTO - 363 words
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511 1999-02-09 15 Quak Hiang Whai - From Quak Hiang Whai in Hongkong HONGKONG'S status as the capital-raising centre for China entities took another blow yesterday after Shandong International Power Development (SIDP) became the third mainland company to back out of an initial public offer511 words
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FINANCE & COMMODITIES
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245 1999-02-09 16 Reuters [LONDON] Merrill Lynch and Warburg Dillon Read have strengthened their position as the most highly rated brokerage houses among Britain's leading companies. The 15th Annual Broker Survey conducted by Consensus Research International found Merrill Lynch retaining its title of top securities house forReuters - 245 words
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Article, Illustration456 1999-02-09 16 Neil Behrmann - Estimated 5-9% jump in US sales last year helps cushion fall From, Neil Behrmann in London PRELIMINARY estimates by De Beers, the diamond cartel that controls about twothirds of the diamond business, has estimated that worldwide diamond jewellery sales dipped by around456 words
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376 1999-02-09 16 NYT [NEW YORK] William R Hambrecht, the longtime Silicon Valley investment banker, plans to introduce a system for underwriting initial public stock offerings through the Internet. While other firms have given online investors an opportunity to get in on the groundNYT - 376 words
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157 1999-02-09 16 Bloomberg [TOKYO] Daiwa Bank Ltd, Japan's 12th largest lender, said it is forming a "strategic alliance" with Bank of Kinki Ltd and Bank of Osaka Ltd, which may lead to the formation of a holding company, according to a joint statementBloomberg - 157 words
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246 1999-02-09 16 Reuters [TOKYO] The expansion of the mutual fund market may lead to a greater number of ratings by credit agencies in Japan, where such assessments are much less common than in the US or Europe. Top rating agencies Moody's Investors Service and StandardReuters - 246 words
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166 1999-02-09 17 Charlie Kuo, Refco Singapore - SQKELReports MSCI Taiwan fkrtnres Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract rose for a second day as the Ministry of Finance announced three new shortterm rescue measures on Sunday. The ministry also said more long-term stabilisation measures will be released166 words
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219 1999-02-09 17 Bloomberg [LONDON] Silver fell 2 per cent here as rising stockpiles and a drop in the cost of borrowing the metal for use in jewellery, photographic paper and other applications signalled tight supplies could be easing. Stockpiles in New York Mercantile ExchangeBloomberg - 219 words
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314 1999-02-09 17 ENERGY REPORT Reuters [LONDON] Oil prices rose slightly yesterday morning after weekend comments by leading producer Saudi Arabia on output restraints but underlying market tone remained weak. International benchmark Brent was up five cents at U5510.46 at 1145GMT. This isReuters - 314 words
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Article326 1999-02-09 17 Reuters, Bloomberg London THE euro took another knock yesterday, falling to new lifelows versus the US dollar, bothered by weak growth prospects in the euro zone compared to strong growth in the United States, analysts said. "The euro is remorselessly grinding downwards, it's the old story of weakReuters,; Bloomberg - 326 words
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Article, Illustration1240 1999-02-09 17 DVTERBAJVK CROSS RATES Feb_ A$ 8Wb EMr0 Ffr lnd»s»up ti h y Woo BM MZSHI, P. w S$ ,and Sfr MT$ Batit Po—d USS Australia 0.970 6.178 0.580 3.804 1.134 5.052 27.688 57.621 0.740 7 666 2 478 1169 3?47? ?siu* iini no-,. Canada 1.031 5.579 0.598 3.922 1.170 5.2091,240 words
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Article1869 1999-02-09 17 S1C0M FUTURES Feb 8 RUBBER (futurw ctostnq ts at 5.30pm) RSS t CONTRACTUS ctnts/kq) Close Volume Open Month HiQh tow Sett (tono»s) Interest M* 99 114.75 1100 500 Apr 99 115.75 800 850 99 118.25 300 925 J«n 99 120.25 200 Jul/Sep 99 ***** 975 Od/Dec 99 127.25 300 RSS1,869 words
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Article, Illustration1298 1999-02-09 18 Reuters Hang Seng -50.60 HONGKONG stocks closed lower yesterday in thin turnover as blue chips caught up with weak Hang Seng Index futures and worries about corporate results and economic prospects continued unchecked, brokers said. The Hang Seng Index closed off 50.60 points or 0.55 per cent at 9,139.60Reuters - 1,298 words
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Article, Illustration527 1999-02-09 18 Reuters Shenzhen B Index »0.46 SHENZHEN'S hard currency B shares closed with firm gains yesterday as local investors snapped up small-capitalisation issues, analysts said. The B Index rose 0.46 point, or 1.02 per cent, to 45.28. Turnover rose to HK$3.7 million, from Friday's HK$2.7 million. Shenzhen's domestic A SharesReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 527 words
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Article360 1999-02-09 18 AFP QWP Index +***** TAIWAN share prices rose 2.0 per cent yesterday after the government announced short-terms measures to shore up the stock market, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index rose 112.80 points to settle at 5,822.98. Volume expanded to 2.42 billion shares worth NT574.19AFP - 360 words
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Article2331 1999-02-09 18 LONDON Industrials Ml Nki 31 Croup 627.000 -4.400 *8 Ports 278.000 5.000 AbOey National 050.000 -38.000 Allied Domecq 470.400 -5.000 Allied Zurich 883.000 -38.400 Am« 172.000 1.000 Asda Group 153.200 -2.800 BAT Ind 614.000 15.000 BG Pic 362.000 5.000 8 ICC 84.000 1.000 BOC Group 858.000 -11.4002,331 words
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Article1585 1999-02-09 18 AFP P Nikkei 225 +9C41 TOKYO share prices bounced back 0.7 per cent yesterday from a five-session losing streak as sentiment improved on the recovery of Japanese government bonds and the yen's easier tone, brokers said. "The market was feeling ready for a correction. It was naturally heartened byAFP - 1,585 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration404 1999-02-09 19 AFX-Asia Q Composite Index -32.70 SHARE prices closed sharply lower across the board, breaching several support levels as foreign selling continued unabated following the announcement of exit taxes last week, dealers said. The KLSE Composite Index closed down 32.70 points at 526.10, off aAFX-Asia - 404 words
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Article8623 1999-02-09 19 INDUSTRIALS 1999 Last Day Net Cap Low Clip am lili 'OOP Mlffc Law P/t tail 310 280 Aiinomoto 280 -6 2 280 280 1S.4 113 5 83 62 Angkasa 70 -3 42 70 62 103.2 283 244 A polio Food Hlg 244 -13 4 254 244 8.5 97.6 204 1528,623 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1949 1999-02-09 20 BONOS, LOANS t WARRANTS 52-W* Last Vol Day Last Quote Avg High Low St no Company Ml «f COOOl High Lm Buyer Seller Price 20.5 3 3160 "Acer ******1U S$ 11 K).S 12 35 4.5 3164 Acma ******4 15.5 -0.5 478 16 15 15 15.5 16 3161 AllTech ******7 28.51,949 words
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180 1999-02-09 20 R Sivanithy - WARRANT WATCH -By R Sivanithy THE recent play on the Flextech stock and warrant seems to be coming to an end, going by the last two or three sessions. The upward surge in both instruments was probably speculative to start with (although there was a180 words
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Article216 1999-02-09 20 HONGKONG STOCKS Or Or 5Z-W* Last Vol Day Last Ouott Dtv Dtv YM Nat M Can Lo Stno Cotnpany Sa>a (OOP) Mtqt» Low Bvyf SaHar H Cor H P/C $mll 5123 COC (2000) MK 400 4)0 8 2.4 2 20.5 7744.7 5124 Cathay Pac 20c HK_ 720 265216 words
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Article260 1999-02-09 20 AFP □Wellington -2147 NEW Zealand shares yesterday closed down 1.1 per cent in lacklustre trade, led lower by Telecom Corp. The NZSE-40 Capital Index closed 23.47 points lower at 2,188.34 on total turnover value of NZ$Bl.7 million. Losers outpaced gainers 60 to 28 among the 138 stocks traded. AFPAFP - 260 words
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Article, Illustration732 1999-02-09 20 Reuters nSETlndei -7J9 THAI shares ended lower in light trade following falls in most other regional markets and amid active selling of the banking and finance sector by retail investors. The SET Composite Index fell 7.19 points to 330.77. Turnover was light, worth just 1.96 billion baht. "The marketReuters - 732 words
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Article409 1999-02-09 20 AFP n Composite Index -6.01 SOUTH Korean share prices closed 1.1 per cent lower yesterday on profit-taking despite news that Moody's Investors Service might shortly upgrade the country's sovereign debt rating, dealers said. Hanwha Securities dealer Yeon Ju-Heum said the market is likely to move lower over coming sessionsAFP - 409 words
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Article590 1999-02-09 20 AFP n All Ordinaries -IL9Q SHARE prices fell 0.4 per cent yesterday as investors sold off a careful selection of leading industrials following a slump on Wall Street, brokers said. The All Ordinaries Index closed down 11.9 points at 2,900.0. The All Industrials Index fell 34.9 points to 5,250.9AFP - 590 words
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Article, Illustration750 1999-02-09 20 AFX-Asia D| Composite Index -£86 SHARE prices closed lower in thin trade with Telkom's decline pressuring the broad market amid weak regional market sentiment and a lack of fresh local leads, dealers said. The Composite Index closed down 5.86 points at 399.69, ofr a low of 395.65, on 157.8AFX-Asia - 750 words
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Article313 1999-02-09 20 AFP n Manila -1235 SHARE prices closed 0.6 per cent lower yesterday, influenced by frenzied selling in Malaysia and domestic concern that the higher-than-expected inflation figure in January could put pressure on interest rates. The Composite Index fell 12.35 points to 1,965.49 on turnover of 331 million shares worthAFP - 313 words
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6858 1999-02-09 21 Transaction date: Feb 8 Cr Cr M Wt u 2 i*" V <X Day Last Ouot* Otv Wv YM Net Cap Avg HH> tow SW Campny S«u COOP) High Low Buyer Seller C'vr H P/t Smil Price MULTI-INDUSTRY 142 17.5 m t 1000 Acma6,858 words
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Article1370 1999-02-09 21 2 La** v* Day Last Ouott (Mv Dtv YM N*t Cap Am High Low StNo Company it* COOP) High Law Buyf SaHar C'vr p/e (mil Prtca MANUFACTURING 231 30 2049 AS Auto 10c 91.5 -4.5 498 96 91 91 91.5 15 N 7 16 86 K>4 5 96 ,J?1,370 words
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STOCK EXCHANGE OF SINGAPORE
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Article405 1999-02-09 22 Stocks Volume SembCorpI 25c 19,683,000 Eagle Brand Hldgs 15,821,000 ST Engg 10c 5,909,000 Asm Food&Prop 4,997,000 DBS Land 4,918,000 PCI 25c 4,064,000 Keppel LandSOc 2,966,000 CK Tang Wt99 2,664,000 CK Tang 20c 2,465,000 Flextech Wt02 2,447,000 Stocks SembCorpI 25c 41,043,903 SPH 18,224,612 OCBC Foreign 15,293,204 DBS Foreign 14,171,020 UOB Foreign405 words
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Article, Illustration612 1999-02-09 22 R Sivanithy - STOCE MARKET COMMENTARY STI loses 23 points and volume shrinks in the absence of any positive factors to drive the market By R Sivanithy LOCAL stocks again proved unable to shake off the worries that have dogged the market in the past week a weak612 words
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ON THE GRAPEVINE
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Article106 1999-02-09 22 IT sounded more like a gynaecological rather than an Asian chemical conference. But participants yesterday heard the phrase "foetal movement" not once but twice from a top Japanese official. Mitsui Chemicals chairman Shigenori Koda used it twice to answer questions whether the mergers and alliances happening in the106 words
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Article43 1999-02-09 22 HOWS this for a little bit of irony. Turns out that the foreign media was not allowed to last Thursday's press conference when the Malaysian authorities announced the relaxation of the country's capital controls, which were aimed mainly at foreign investors.43 words
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Article109 1999-02-09 22 OUR Hongkong correspondent received a Lunar New Year card from Hongkong legislator David Chu, who is also a well-known adventurer and property developer. The card has some encouraging words (in Chinese): "If there were no loss, would there be possession? If there were no trouble, would there109 words
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Article88 1999-02-09 22 A HONGKONG legislator cum banker showed once again why he is a favourite among the media here. David Li, who is chairman of Bank of East Asia, wrote to our correspondent in a personally signed letter to thank him for attending the bank's briefing on its annual results88 words
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Article58 1999-02-09 22 SINGAPORE Telecom has set a corporate communications standard that is hard to beat. It almost always replies to our queries on the same day be it good or bad news. And we can reach its corporate communications managers 24 hours a day: they give us their pager, mobile58 words
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Article, Illustration68 1999-02-09 22 Ven Sreenivasan - By Ven Sreenivasan KEPPEL Corp has broken through its $4.00 support level, weighed down by expectations of dismal results. The counter is now hovering just above its next medium term support of $3.50. The momentum indicators and RSI point to the likelihood that it could continue sliding all68 words
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Page 13 Advertisements
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Advertisement35 1999-02-09 13 tc&y;l :iil nfrr NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. -v J **«o v v J J j J A** y aA&^w9w Flex available: B B B Rl. R2 and 5235 words
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Page 14 Advertisements
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Advertisement55 1999-02-09 14 Gearing up for banking HbaraHsatlor OCBC 3.0, OUI2000; Just two of the road maps which will launch the local banks into the next millennium. What are our banks' CEOs planning to do as Singapore puts its liberalisation policy on the fast track? Find out in BTs special focus on Singapore55 words
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Advertisement95 1999-02-09 15 S3 ISk* W*^/^ 'jr xft y Cestui Ut 3 N or 4 N package* includes Twin Sharing Deluxe Room V 9 Unlimited golf at Jack Nicklaus course** Daily bufifet breakfast Welcome Dinner Airport Transfer U* 51 SPRING CITY ruiy viibjmam GOLF LAKE RESORT p A C CHINA YUNNAN Return bconomy95 words
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Advertisement287 1999-02-09 16 The Hong Kong Trade Development Council makes it easy for you to find the right business partner. Whether sourcing or selling products or services, Hong Kong's business networks are unbeatable in Asia-Pacific. With over 100,000 Hong Kong companies on our database, the HKTDC helps you target potential partners. Fast. To287 words
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Advertisement9 1999-02-09 17 ♦Yesterday's MSCI Singapore Index futures report was not available.9 words
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Advertisement9 1999-02-09 19 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes9 words
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Advertisement14 1999-02-09 20 S£3? trr" a —r~" ggys slgpS y ccipi^ilarritrols Jm|i Thursdays by Lu Ning TheßusinessTimes14 words
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Page 21 Advertisements
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Advertisement14 1999-02-09 21 lASTIRN ORCHARD ROAD Tilt 734 3139 lASTIRN WATCH, Till J3 S 23 3 614 words
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Page 22 Advertisements
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Advertisement1268 1999-02-09 22 Our Hot Ideas give you an instant edge. Call DBS investor Online at 438-1188 gj [)[SSBANK THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES jjgJ NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, HASIYA AU YEUNG of 49 Jalan1,268 words
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Advertisement268 1999-02-09 22 NOTICE IS HEREBY GIVEN that I, KOH HAN PYNG of Blk 324, *03-426Tampines St. 32 Singapore *****4, have applied for a Public House Ist Class (Extended) Licence in respect of M/s Shooters Pub Disco located at Blk 38, River Valley Road *01-02 Singapore *****1, and that this application will be268 words
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SHIPPING TIMES
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Article326 1999-02-09 23 Bridge News, Reuter TRADING was quiet as in many cases charterers and owners took to the sidelines to reassess the market on the Monday. Grain charterers are said to be actively chasing Panamax tonnage in the Atlantic for short periods. TANKERSc "Persian Gulf VLCC rates on a downwardBridge News,; Reuter - 326 words
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Article277 1999-02-09 23 m t$ vn CWT OWrtbwHfc 0.50 <>!ei 3 ChuanHup 0.59 *0.035 782 Cote* Invafftnant .0.47 wnch 12 FratahtUnk* 0.16 -0.009 5M GB 4el<ttnqi 0.375 Mat Sun Hup 0.43 -0.005 348 HKacN Zotan 0.79 IMC Holding* —HK 5.60 J«Y« HoMtoq* 0.50 -0.01 64 Jurong Shipyard 7.05 *0.15 217 KappaiCerp277 words
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Article, Illustration448 1999-02-09 23 Marcus Hand - Strong import growth from Asia boosted throughput at top two US ports last year By: Marcus Hand [SINGAPORE] The United States' top two container ports have clocked up record box throughputs last year boosted by strong import volumes from Asia. The PortFILE PHOTO - 448 words
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503 1999-02-09 23 P T Bangsberg - China Shipbuilding Corp trying to offset competition, plnnge in ship prices From P T Bangsberg in Manila TAIWAN'S China Shipbuilding Corp (CSC), taking a beating from rival Asian yards, says it will try to expand its scope as a way to offset the competition and503 words
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PORT Shots
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100 1999-02-09 23 Reuters [LONDON] Four men were killed in a fire and explosion aboard a Panamanian-registered container vessel in Gulf waters off Dubai's Jebel All port, Lloyds Casualty reporting service said. It said the Maersk Tokyo sustained an explosion in a fuel tank last Thursday. FourReuters - 100 words
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Article53 1999-02-09 23 Bloomberg [FALLS CHURCH, Virginia] General Dynamics, Lockheed Martin and Espresa Nacional Bazan, Spain's state-owned shipyard, said they formed a partnership to build frigate-sized ships. The partners will use Espresa's design for the F-100 Aegis frigate used by the Spanish navy. The three companies said they haveBloomberg - 53 words
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71 1999-02-09 23 [LONDON] The Swedish Club has warned that, although there has been no overall increase in the number of defaulting charters in recent months, there has been a sharp rise in the number of complete failures to pay. The club's Toby Orford says: "When a charterer71 words
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70 1999-02-09 23 [LONDON] Foreign tankers in the Brazilian coastal trade are finding themselves in an increasingly more difficult situation, according to shipping industry grouping Bimco. The problems concern "Visa No 5", which can only be obtained by seafarers employed by Brazilian companies. Following an initial success70 words
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301 1999-02-09 23 Rajendra Bajpai - From Rajendra Bajpai in New Delhi INDIA may ask for reciprocal facilities for its vessels before allowing foreign ships to operate on its coasial routes, government officials said. The government earlier allowed the foreign ships to move cargo from one301 words
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153 1999-02-09 23 Alec Almazan - From, Alec Almazan in Manila MANILA'S largest river ferry operators Starcraft Ferry Corp and Laguna Lake Star Ferry have ceased operations after their main creditor took possession of their vessels after they defaulted on their loans. The state-owned Development Bank of the Philippines, which lent153 words
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Article, Illustration1096 1999-02-09 24 AIRCRAFT LANDINGS Change would enable start-up airlines to challenge established carriers, thus promoting airline competition NYT [WASHINGTON] THE United States administration wants to end limits on how many planes can land in an hour at New York's Kennedy International and La Guardia airports andNYT; FILE PHOTO - 1,096 words
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Article217 1999-02-09 24 PAGE Donqnama 3 ACL 6 ECU Line 6 ANl j ECL 5 ft Accord 8 6 ApptnsMp 5 f00n,Sm 8 Austral 8 GUnk 4 Gemartrans 8 Baiaji Slipg 4 BSA 7 HaiSunHup 8 Hanjin 3 CCNI 7 Heung-A 4 CMA 8 Hyundai 7 COSCO 5 ICFS 3217 words
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Article17674 1999-02-09 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertise Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Name Nam* Number Number ■■■■■■■■■■■■■■■■■■■■■■■■■■■MnMinMHMninBMMMMMHMMI ONOMMMHHiRMMMMMMMMMMIMMHHMIMmiMMMMMMIMMMMKMMMI To ABIDJAN (ABJ) 2003 Cot* D'lvoire To CALCUTTA (CCU) 2062 India 17/02 27/03 Seiramar VILLE Of SAGITTA 259W *5-*****7717,674 words
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SHIPS IN PORT
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Article871 1999-02-09 35 Vassal Voy No Berth Arrival Departure J»«H Nrt S«m 0399 J03 Wong** 08.02/2000 toitai Mutf4 *****9 X2 UonptM 06.02/2300 ■nsfmrMf 9902 J02 <km«sM* 0«.02/2300 It Kst4ri 2 *****9 J01 JkXMjSKX 09.02/0600 It Mtr«M *****9 JOI aowjsil* 0102/1700 at M 4288 0399 J01 «on«si4e 08.02/1700 M *493 0299 J01871 words
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Article1724 1999-02-09 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/BaUnce Rstls SWp Voy No Etb/Btr Period From To Fro* Ate Oft* C012C n/0300 U 08/1500 08/1659 08/1900 06/1500 08/1659 08/1900 2A 08/1700 09/0659 09/0900 21 08/1700 09/0859 09/0900 3 09/0700 09/1159 09/M00 4 09/1200 09/1459 09/1700 ApHwniwIi 023C >0/23001,724 words
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Article224 1999-02-09 35 Fob 16 China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. Feb 10 Brunei: Chinese New Year. China: Chinese New Year. Portugal: Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Feb 17 China: Chinese New Year.224 words
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Article756 1999-02-09 35 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual756 words
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Article485 1999-02-09 35 Carbon WO Mai 994.8 0 13 0 0 0.06 F Density Water Residue Ask Aluminium Sediment No above E25 2 0 U 0 2 0 %H/M 330 AM 987.4 0J 14.8 0.06 29 0.02 tin* 380 MM 9917 0.9 19.8 0.12 65 0.07 WT3 v/v m/m485 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration427 1999-02-09 36 Proposal if adopted will result in dramatically reduced fares AFP [SYDNEY] The Australian government is to consider a major policy shift that would allow foreign airlines to compete against local carriers in its domestic market, government sources said yesterday. The CabinetAFP; FILE PHOTO - 427 words
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543 1999-02-09 36 AFP [AUCKLAND] South Pacific nations are on the verge of creating the world's biggest seamless air traffic control system, promising greater flight efficiency. Their aim is to have the Pacific skies treated as a unified air space, endingAFP - 543 words
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308 1999-02-09 36 AFP (SEOUL] South Korea's French built high-speed train will make its maiden trial rim before the end of the year, officials said yesterday. The Train a Grande Vitesse (TGV), which will ultimately link the capital Seoul with the southern portAFP - 308 words
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105 1999-02-09 36 AFXAsia [MANILA] A European carrier is currently negotiating with Philippine Airlines on the possible acquisition of PAL's maintenance and engineering unit, the Business World newspaper quoted an unnamed senior PAL official as saying. "We are planning to spin (the maintenance and engineeringAFX-Asia - 105 words
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505 1999-02-09 36 NYT American Airlines was forced to cancel more than 300 flights over the weekend after scores of its pilots, who are upset about American's recent acquisition of a small West Coast carrier, called in sick. American, which is the United States'NYT - 505 words
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213 1999-02-09 36 Bering will also ask for delivery of aircraft already ordered to be delayed AFP [BEIJING] China will not increase its fleet of commercial aircraft this year and will ask manufacturers to postpone until 2002 the delivery of aircraft already ordered, official mediaAFP - 213 words
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Article1763 1999-02-09 36 PTY Fl)6WT CTA fUCHT HP W4578 1650 LH779 2359 MUM 8*7381 1930 8*7382 2050 *****5 *50 "***** 2359 ortt 1930 Of82 2050 M7306 *40 S***** 2359 AM8229 2230 0F6 W40 IH6380 2230 ***** 1730 S0990 0115 2230 cwmrtwwc soao3 ms C2354 09W ImMM KL843 0540 SA9721,763 words
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Page 23 Advertisements
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Advertisement19 1999-02-09 23 Aircraft landings US seeks to end flight limits Change would enable start-up airlines to challenge established carriers. Page 219 words
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Advertisement473 1999-02-09 23 Australia urged to open skies to foreign air lines Proposal if adopted will result in dramatically reduced fares. Back Page People I I I I Adeline has New I A 1 A A I fl R fl i B the I "Southern other Ms some years' HHHmLM experience in the473 words
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Advertisement704 1999-02-09 24 I3UPER SHUTTVE EXPRESS [OULF KARACHIEXPRESS (QKX) "1 rasa votaci lgo sm mm. vot ju dm mn hb km cot pig pT" SoWMS 03/02 21/02 PM NBUOTT) DAMUM «T 17/01 20/01 If/01 11/01 05/02 00/02 Ti W ujn ooaomu 2owsoo 10/02 20/02 nykvmgo m OJ/02 05/02 05/02 07/02 12/02 10/02 20/02704 words
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Advertisement633 1999-02-09 24 Lines services represented (I ffml! by Members oI the Registry of Accredited Shipping Agents Singapore Shipping Association AMM Members of the tlflSkl s,n 9apore Freight Forwarders Association MACOLINE Accepting DUBAI PASIR GUDANG ONLY I TIL- 22MynFZfc*****4^^| SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES ;jj| rSINGAPORE to BATAM, BINTAN, KARIMUN *ft»633 words
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Advertisement1108 1999-02-09 25 I SAX StRVKE (DIRECT) vgsa voy sura ux oak m hou ch ~ax 1 xbw I <ji 1 ktc AfISAMONTX 00* 03/02 U/02 23/02 23/02 24/02 23/0? 24/07 24/02 25/02 25/02 grgßjg 0231 10/02 25/02 02/03 02/03 03/03 "02/03 03/03 03/03 ***** 04/03 00* 16/02 04/03 00/03 09/03 10/03 09/031,108 words
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Advertisement38 1999-02-09 25 CONTAINER SERVICE S'PORE/ JAKARTA/SEMARANG/SURABAYA VESSEI/VOY jpoflf JAKARTA SEMARANG SURAtAYA PERMAI *****-426 15/02 1&02 19D2 PERMAI *****-427 22/02 25/02 2M)2 PERMAIIO42B-428 01/03 04/03 OM)3 PtRMAI *****9-019 09HJ2 12/02 PERMAI *****0-020 1&02 IM2 PERMAI *****1-021 23/02 2602 ERMAIIIOO22-022 2(V03 05/0338 words
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Advertisement1809 1999-02-09 25 0 HANJIN SHIPPING i|k;F 1 SHIffING (S) m lIP (oni lOOBWG 32M*****7 SAUV 32*0224 731 DOCUMEW ********** OffUTKWfS *****50 2SI WUill UW *****55 FU 777tH0 C 1 HO I 1534T****** to nw usa a canada| usa FDBW/VOY 4AM im LM HAU VOT SU "W MX >01 Of *SJ HT DTT1,809 words
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Advertisement339 1999-02-09 25 KMTC provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 220 8558 hnioi W 23MSSI flMii ih PndbJa*iStUMApriHSMW ill iW»Hi (WIM-*****30 ffo) 03-7SASJ47 WoCliMiHlwl an* **********0N it,.. 110-02 A SwOMM HTTf -//WWW IMTCCOJU WO4-M3MOO (Hi) 04-*****44 .OW/M wirz/wuMmftß fMm* ffj 07-3523*7339 words
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Page 26 Advertisements
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Advertisement1286 1999-02-09 26 C DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA ¥t tl WY BTM IMM MM IWW I FIX I [wTIKt IvOY Sj 0(T Vt FOS W.C MTW *2" K SMJHGHAI SENATOR WMtO7 »r 1412 1102 "Tie" HW Hb 22? 2? £2 H2 I,K n au msmA Mc WKWWUUN6TON MM B B 191,286 words
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Advertisement676 1999-02-09 26 Cwrtsn MNCONTR LINES, INC P. GUOANG: (O?) *****26 l~J\y J O" **********06 SOU: (064) ****** MANILA- (632) *****24 BANGKOK; (662) *****67 SURABAYA (31) *****0 P KELANG: (03) *****77 JKT: (21)*****07 MDN: (61)*****3 KUCHINQ (082) *****1-3 BARCELONA SURABAYA MV "VILLE DE SAGITTA" V.9906-4 MV "KOTA INDAH" V.1DH221 ETA SIN: 18-2-99 ETA676 words
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Advertisement531 1999-02-09 26 BLIJESSELTON LINE Wl» MM4M PMi MMIH MUARA r LABUAN vissa vor no ra vissa vor no eta sratt muaju sro«E HM HOK Vo*/W 13/02 17/01 (ARAKAM33? VO4I/99 JO/0J 23/02 (AtAKA JN332 VO4E/99 20/02 STRAITS HOK VO4I/W 25/02 20/02 jK. KINABALU r KUCHING i vissa vor no ru vissa vor no531 words
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Page 27 Advertisements
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Advertisement1111 1999-02-09 27 [VESSEL VOV SIN PKO PEN PQ6 PUB DAM I SHJ IBA WK WAN TABATABAEI PJLI33I 00/02 18/02 19/02 20/02 22/02 24/02 IRAN TEYFOURI PJLI32B 13/02 22/02 23/02 24/02 26/02 28/02 IRAN BAKERI PJLI336 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 IRAN BABAEI1,111 words
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Advertisement1606 1999-02-09 27 JiifMN ¥0013W (ETA SIN 3 Frt ft), Como USA Cist-C«ait AII-WitM iirfUi will «cll at .M#rf»lfc Hfti li»t—< »l Mfi—ri« I rn G CT P AD IT»* SHENTON WAY TEL- 226 1900 FAX: *****00 OUTWARD (l/L) *****02 JOHORE Of FIG: I WW'R" IHirPIII® rll LTD #17-01 MS BIOG SAIiS/KKGS *****57/601,606 words
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Advertisement478 1999-02-09 27 j EASTERN CAR UNO, LTD. IJLI MWMWIB 1 Kl (SWf6APOt£) PT! LTD LOAD NG FOR MANILA/ BATANOAS PORT KLANG/ COLOMBO MV "CORAL HERO" V.14 MV "TAISHUN" V.34 ETA SIN 06/02/99 EIAMNL 15/02/99 ETA SN 10/02/99 ETA PKI 11 /02/99 ETABTG 17/02/99 ETA CL6 17/02/99 CALCUTTA HO CHI MINH/ HAIPHONG MV478 words
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Advertisement1308 1999-02-09 28 EUROPEAWICAMDIMAVIA/ninJWO/ttUSBIA SGP ROM ANW HBG THP ZEE IMV LHV THP ROM ANW HBG rtCl SGP E DAINTY RW-009 14/OZ #5/03 00/03 00/03 10/03 E RESULT RE-023 14/01 11/01 15/11 17/01 19/01 11/02 1I1» E. DYNAMIC RW-003 21/02 12v«3 13(03 15/03 11/03 17/03 E RENOWN RE-032 21AB 23/01 22/01 24/01 20/011,308 words
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Advertisement794 1999-02-09 28 ==XFT= ADVANCE CONTAINER LINES (PTE) LTD AUI 140 C«c« Street, #12-00, PIL Building. Slnaaoore *****0 W TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****6<y *****06 lAHOKOK (W*'T «im POTn >n» LCHII >n MIT) Vtssa VOT I W KK VfSSR I VOY UN JKT SEAMAftNE" SMNO39794 words
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Advertisement571 1999-02-09 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessei Ivotlsm I piu lom jwi err |tq tUWUiPtIWg mn 14/P? ?«/02 03/D3 04/D3 ~~rl mumvEHus v.om 11/0? 24/02 02/03 05/03 04/03 w/03 GOiflßt MUGOII <01 OS 03/03 12/03 14/03 11/03 20/03 mimiQugii VQ33S 13/03 22/03 24/03 21/03 30/03 02/04 mUIDUGOW571 words
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Advertisement450 1999-02-09 29 BSfl n M| MYANMA wBBk FIVE STAR UNE (Myaanor National Lint) Loading for Y a agon (Rangoon) vnsa vor sin pki hn pgu HPA-AN 2S*W SIO MONC-U 20W MPT MALAYSIA AGENTS: BOUSTEAD SMPPMG AGENCIES RUL TH (03)*****00 PKL TH (03)376*101 PHI: TU (04) 2****** PGU: TH (07) *****21/4 BANK LINE450 words
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Advertisement1277 1999-02-09 29 HYUNDAI MERCHANT MARINE CO., LTD. Ivissa VOY ISM I SOU lUN RIM I ANT |HAM| BRV IFE I Ivcsa VOT| SOU LEH ITN ANT HAN MV FE 1 SM I DANUBE S43W 11/02 01/03 06/03 03/03 04/03 MUCOSAL 0051 22/01 23/01 17/01 19/01 09/01 TTK 526W 12/02 OS/03 06/03 28/021,277 words
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Advertisement1142 1999-02-09 29 rtorwigkn spectakzea auxxomen (t\o)§(o]G Wilhelmsen Lines TO NORTH AND LATIN AMERKA "9090 HUVYUFT StRVKt" IVISSa I VOY RAMP HEIGHT SW LAI gi MIA SAV 9AI ORE NYC NEW MOO TEXAS F9OS 4001 MS 6.3 M IW 25/03 03/04 06/04 01/04 To7oTTT76r 12/04 TTJW U/64 TOM F906 400 Ta« 6.3 M1,142 words
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Advertisement2056 1999-02-09 30 banokqk/ map ta phut/laem chabanq jakarta/panjanq vessel voy sin bkk mtp lch vessel voy sin jkt pjn DANU BHUM 28N 10/02 14/02 13/02 ANRO GOWA' 071 "In Pt 13/02 NANTA SHUM" 432N 10/02 13/02 14/02 QURU BHUM 116S 10/02 14/02 KOTA RATNA RNAOB9 10/02 13/02 GURU BHUM ***** 11/02 14/022,056 words
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Advertisement18 1999-02-09 30 CONTAINER SERVICE TO APIA VAVAU NUKUALOFA PAPEETE PAGO PAGO PORT VILA RAROTONGA NZa CAMPAIGNER V. 02S/99 ETA 08/02/9918 words
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Advertisement41 1999-02-09 31 New Service to Norasia Middle East Is Now with Barwil Agencies Wan Hai Lines on Page 7 Page 5 j New Service to I Calcutta/Haldia direct service to Calcutta Shipping SAMUDERA SHIPPING LINE Page 12 (Mon/Wed/Fri) Pa S e 12 (MonAVed/Fn)41 words
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Advertisement51 1999-02-09 33 vaTai Dial 740-6000 on demand (Retrieve more schedules!) Press "1" CT f Select the port and key in f° ur digit coc le eg: To New York (NYC) 2275 st£) Key in your fax number your phone number Another innovative service offered by e T^e document Will be Shipping Times51 words
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Advertisement149 1999-02-09 34 f *N iHH FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: 7 Port of Destination: Cargo Volume: Special Requirements: ADVERTISERrPRODUCTS/SERVICES Saw an advertisement in Shipping Times of149 words
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Page 35 Miscellaneous
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Miscellaneous127 1999-02-09 35 LEGEND: R Thunderstorm Temperoture 7 Shower Weother Wind direction with speed m knots Rom Cloudy Sky Wove height KHl,CO, <i k* o,r w, "♦»< h My with the wind One M circle represents cotmc* kght ond vonoble wmds W One ho* tleche represents 5 knots L_». One fuH Heche rep.esents127 words
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Page 36 Advertisements
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Advertisement158 1999-02-09 36 -BUSINESSCENTRE to shipping services and products. Around-the-clock. Seven days a week. I *4) 740-6000 Press 1 key in Document Code Key in fax number Enter your phone number >>**■<< international <- FREIGHT FORWARDING I BlifjJM Are you conversant with the roles and responsibilities yas a contractual carrier or a forwarding158 words
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