The Business Times, 13 February 1999

Microfilm: NL21381
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MlTA(Py*rap- 85c SINGAPORE Internet http://business-times.asial.com.sg/ WEEKEND EDITION, FEBRUARY 13-14, 1999
    13 words
  • Article
    MARKET SUMMARY
    57 1 Q UK* (-132) H4U COM (+I.7J) |g M|nns ronan a*M»( 3.so) aro«MAnri—ukb FWday Change KLSEO0MP ***** *?J4 NIKKEI 1SJ73J9 +1LM HANOSENO M&4t +178J2 SET INDEX S47.0 +WS JAKARTA OOMP AWM 110 MANILA COMP _U»7« +K1» TAIPEI WP! flami SEOUL OOMP 1*1.77 +17.78 CLSA CHINA B—JCM J ACSTALLOED XJSBU
    57 words
  • Article
    FINANCE
    67 1 uas ss oss mi 2<USS/Stptrl) LBS 17# EURO(USS/8S per E) 1.134 LM1 DM L7M tlTS YEN 1141 L479* RH Im t4tf fin 7.7H CI 18 BAHT MM MM WPIAH W-MH* n mii '»»»■«i PWME1ATES SINGAPORE* tJl KUALA LUMPUR 1LM JAKARTA JKjM BANGKOK M.71 MANILA SJ» BONO KONG l«Jg TAffH
    67 words
  • Article, Illustration
    Lock icon No major initiatives in coming Budget: BG Lee
    609 1  -  Present level of the Sing dollar flwhangA rate is broadly appropriate, he says By. Anna Teo [SINGAPORE] The government will not take any major new initiatives in the upcoming Budget at month-end, having just "administered the medicine" via a $10.5 billion cost
    CHRIS LOH  -  609 words
  • Article
    Clob didn't cause KLSE's fall: SES
    852 1  -  S'pore exchange rebuts claims in Malaysian press Froml Ruth Wong in Kuala Lumpur THE Stock Exchange of Singapore (SES), responding to stinging commentaries and letters in Malaysian newspapers, has rebutted claims that "unbridled short-selling" and "price manipulation" on Clob International had been responsible for
    852 words
  • Article
    Discontent at DBS Bank over organisation revamp
    587 1  -  Hiring of top managers from outside seen as controversial By» Catherine Ong [SINGAPORE] Rumbles of discontent are being heard at DBS Bank, following its organisation revamp. A day after the bank's top honchos presented a new organisation chart to a roomful of managers
    587 words
  • Article, Illustration
    Lock icon HK govt to resume land sales for one year from April
    988 1  -  It says aim is to ensnre stability; stocks surge 3% From Loh Hui Yin in Hongkong THE government will resume a modest land sales programme from April 1, a move which signals its confidence that the property market has
    Source: Bloomberg  -  988 words
  • Article
    Lock icon US Senate acquits Clinton on both charges
    200 1 Bloomberg, Reuters [WASHINGTON] The US Senate acquitted President Bill Clinton on both impeachment charges, ending the trial with a rebuke to House Republican prosecutors who flailed to gain even a simple majority, let alone the 67 votes needed to convict. Senators voted 50-50
    Bloomberg,; Reuters  -  200 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      127 1 mama BOJaarpriN The Bank of Japan surprises financial markets by cutting short-term t A A M A interest rates lurtner after rejecting calls to force long-term rates down, Vfc4 r V "k f ffijjlj Keppel Corp has formed a new m million joint venture that will makß tt the largest
      127 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Offshore banks not necessarily going retail with freer access
      584 2  -  But they envisage better pricing, more products when some cnrbs are lifted By\ Siow Li Sen, Clarissa Tan FOREIGN banks with offshore licences here do not necessarily want to go retail if they can get greater access to the domestic market
      584 words
    • Article
      Lock icon Mobile phone penetration seen hitting 70%
      299 2 Reuters MOBILE phone penetration in developed markets like Singapore and the United States could soar to 70 per cent, a senior executive with electronics giant Motorola Inc said yesterday. "In markets like Singapore, like the US, I would say 70 per cent penetration is
      Reuters  -  299 words
    • Article
      S'pore exports to Beijing up 46% in '98
      373 2  -  Bat S'pore-China overall trade down in US$ terms By Lu Ning SINGAPORE'S exports to Beijing, China's capital, surged 46 per cent in 1996 despite a slump in overall trade between the two countries, said an official of the Chinese city. The Chinese
      373 words
    • Article, Illustration
      Lock icon Snapped up: $7m in unredeemed pledges
      235 2  -  By Eugene Low MORE than 200 people, eagerly sniffing out bargains on items like jewellery and Rolex watches, thronged the year's first public auction of pawnbrokers' unredeemed pledges yesterday. Within hours, around $7 million worth of pledges were snapped up. Over 30,000 items, including
      SIEW YAW HOONG  -  235 words
    • Article, Illustration
      Lock icon Perceptible pick-up in indicators
      650 2  -  EYE ON THE ECONOMY By Anna Teo WARNINGS about nagging uncertainties aside, this can't be disputed: the latest stream of economic indicators both performance and sentiment types have picked up perceptibly. Barring any turn for the worse in regional and global developments, this should mean a
      Source: Dept of Statistics EDB  -  650 words
    • Article
      All three bidders for Tuas Power still in the race
      333 2  -  They've just been given additional data from Temasek By Ronnie Lim ALL three consortiums vying for the $3 billion Tuas Power (TP) were yesterday given vital, additional tender data from Temasek Holdings, sources said, suggesting that market talk that one
      333 words
    • Article
      Plan to automate HDB,URA carparks scrapped
      143 2 PARKING coupons are here to stay for a while yet. The authorities have decided not to go ahead with plans to automate HDB and URA carparks because motorists may have to bear substantially higher costs if they did. In a statement issued yesterday, the
      143 words
    • Article
      Corrections and clarifications
      44 2 WE made a mistake in yesterday's Eye on the Economy column. We said that the percentage of real estate firms expecting better business prospects rose 8 per cent, when it actually fell 8 per cent. We are sorry for the error.
      44 words
    • Article
      Property prices: Game isn't over yet
      166 2  -  SATURDAY MAILBAG Oh Soh Beng Singapore PLEASE allow me to reply to Toh Tau Paing's letter "Greed and fear determine property prices" (BT, Jan 30). He writes: "Prices are not determined by supply and demand, but by greed and fear." This statement goes against
      166 words
    • Article
      Lessons from Galbraith
      333 2  -  Francis Tay Singapore via Internet THE ongoing debate on property prices in your letters prompted me to re-read a John Kenneth Galbraith book entitled A Short History of Financial Euphoria. While a liberal undercurrent is obvious in the book, and despite his unflattering remarks about institutional leadership,
      333 words
    • Article
      Are dual listings to protect greedy investors?
      120 2  -  Denis Distant Singapore via Internet I REFER to the letter "Pray tell, why dual listings still?" from Winston Lee (BT, Feb 6) and think the situation bears similarity to the TAS calling Sing Tel to book when they reduced their charges to meet
      120 words
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  • BG LEE'S SPEECH
    • Article, Illustration
      Lock icon Scenarios for Singapore's future
      4538 3 We reproduce below an abridged version of a speech by Deputy Prime Minister Lee Hsien Loong at the Economic Society of Singapore dinner last night IN one and a half years, the Asian financial crisis has totally altered the economic landscape. The currencies of the East
      CHRIS LOH  -  4,538 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon 15 Japan banks get prelim nod for bailout funds
      417 4 Bloomberg [TOKYO] Japan granted preliminary approval for a 7.45 trillion yen (*****.5 billion) bailout of 15 of the nation's biggest banks, the latest step in the government's drive to bring back confidence in the industry. The government will invest the funds
      Bloomberg  -  417 words
    • Article, Illustration
      Lock icon BOJ lowers short-term rates in surprise move
      652 4  -  But the central bank resists pressure to control long-term interest rates From. Anthony Rowley in Tokyo THE Bank of Japan surprised financial markets yesterday by opting to lower short-term interest rates further, after rejecting calls for it to force rates down at the
      AFP  -  652 words
    • Article
      IMF cautions HK against tight fiscal policy
      459 4  -  And a budget deficit should be only for the short term, it says From Loh Hui Yin in Hongkong AS Hongkong gears up for Budget day on March 3, the International Monetary Fund said it would be undesirable for the government to tighten
      459 words
    • Article
      Lock icon Six KL stock brokerages put under receivership
      359 4 D&n&h&rta names administrators to managfl their assets Bloomberg [KUALA LUMPUR] Malaysia placed six ailing stock brokerages under receivership and appointed special administrators to manage their assets, looking to fix the country's financial industry. Pengurusan Danaharta Nasional, a special govern-ment-owned agency set up to
      Bloomberg  -  359 words
    • Article
      Indon people's economy concept gathers steam
      748 4  -  IMF move will pave way for cheap loans to co-ops and SMEs From Shoeb Kagda in Jakarta INDONESIA'S much publicised programme to channel economic resources away from large conglomerates to the legions of small and medi-um-sized enterprises (SMEs) is gathering momentum as the government
      748 words
    • Article
      Lock icon HK manufacturers expect orders to fall this year
      294 4 AFP [HONGKONG] Hongkong's manufacturers are anticipating a general decrease in volume of orders in 1999 compared with 1998, yet the downward pressure is expected to lessen somewhat in the second half of the year, a government survey showed yesterday. All manufacturers in
      AFP  -  294 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      28 4 Wlalindo Art Qalltrif &A. 9 Penang Road *03-06 Park Mall Singapore *****9 (opposite Dhoby Ghaut MRT) Tel: 334 1415 Fax: 334 1416 e.mail: malindatt singnet.com.sg Opening hours: llam-BJopm
      28 words
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  • REGION
    • Article
      Thai farmers hit out at EU for cutting privileges
      488 5  -  Union steps np war of words, calls for trade privileges to be extended FYom Harish Mehta in Bangkok THAILAND'S union of 20 million poor farmers yesterday intensified their war of words against the European Union which this month cut off trading
      488 words
    • Article
      Lock icon M'sia to raise toll rates on March 1
      196 5 KUALA LUMPUR Reuters MALAYSIAN Works Minister Samy Vellu said yesterday that toll rates at four highways will be raised and another cut from March 1. "We will go ahead with the new toll rates on March 1," he was quoted by the
      Reuters  -  196 words
    • Article
      Lock icon Anwar pursues conspiracy claims despite court ruling
      375 5 AMWAR'S TRIAL Judge warns him he may be accused of being'evasive' AFP SACKED Malaysian deputy premier Anwar Ibrahim pursued his claims yesterday of an alleged political plot to oust him despite a court ruling against such evidence at his corruption trial. "My defence
      AFP  -  375 words
    • Article
      Bank of Thailand orders closure of LPN Credit Foncier
      281 5  -  Insufficient capital, huge loss, lack of rehabilitation plan From Harish Mehta in Bangkok THE first Thai credit foncier company was ordered shut yesterday for making huge losses, maintaining insufficient operating capital, and failing to come up with a credible rehabilitation plan.
      281 words
    • Article
      Lock icon Suharto denies he's behind riots
      223 5 JAKARTA Reuters INDONESIA'S disgraced former president Suharto has denied accusations he has been masterminding violence sweeping the country since his downfall, Kompas newspaper reported yesterday. Hundreds have been killed in recent outbursts of violence around the sprawling archipelago with the government blaming so far unnamed
      Reuters  -  223 words
    • NOTE Book
      • Article
        Lock icon At least 1,200 Indon firms closed in 1998
        73 5 AFP [JAKARTA] At least 1,200 medium and large Indonesian firms closed in 1998 because of the increased cost of imported raw materials, a report said yesterday. "The 1,200 companies are among the 23,000 large companies in Indonesia," the head of the Central
        AFP  -  73 words
      • Article
        Lock icon Philippines to launch euro bond
        67 5 AFP [MANILA] The Philippines is to launch a eurocurrency bond issue possibly in March to raise 300 million euros (Sss7o million), Finance Secretary Edgardo Espiritu said yesterday. He will lead a team of finance ministry officials and central bankers on a roadshow in six key
        AFP  -  67 words
      • Article
        Lock icon China involved in 90% of HK re-exports
        102 5 Reuters [HONGKONG] China was involved in HK$l.O5 trillion (5J253 billion), or 90.4 per cent, of Hongkong's total HK11.16 trillion In re-exports in 1996, including flows to and from China, census and statistics department figures showed yesterday. Re-exports accounted for 86 per cent of
        Reuters  -  102 words
      • Article
        Lock icon HK population grows to 6.8m
        92 5 AFP [HONGKONG] The population in Hongkong rose 2.8 per cent to an estimated 6,805,600 in 1999, from 6.617 million in 1997, according to the census and statistics department figures yesterday. It said the balance of arrivals and departures showed a net inflow of some 167,600
        AFP  -  92 words
      • Article
        Lock icon Aussie DPM to visit S'pore
        80 5 AFP [SYDNEY] Australia's Deputy Prime Minister and Trade Minister Tim Fischer will visit Singapore, India, Indonesia, Dubai, Iran and Turkey on official business later this month, his office said yesterday. Mr Fischer will be in Singapore from Feb 21 to Feb 23 for a joint
        AFP  -  80 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      1229 5 CENTRAL PROPERTIES LIMITED AND ITS SUBSIDIARY COMPANIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 1. Unaudited Profit and Loss Accounts The Group The Company 1998 1997 Change 1998 1997 Change Ss'ooo SS'OOO SS'OOO Ss'ooo Turnover 28.357 20.862 +35.9 28.914 36.092 -19.9
      1,229 words
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  • THE REGION
    • Article
      China won't bail out 'window companies': Guangdong official
      339 6 SHENZHEN From now, all firms have to establish own credit through market competition CHINA issued its strongest statement yet yesterday that "window companies" aimed at funnelling foreign investment to local government projects could no longer count on bailouts from the state. Official
      339 words
    • Article, Illustration
      Lock icon Get in fast or risk missing the WTO bus, US tells China
      335 6 WASHINGTON Progress in talks but nothing dramatic, says Barshefsky Reuters UNITED States Trade Representative Charlene Barshefsky urged China on Thursday to move quickly to join the World Trade Organisation or risk being left out of the global trading
      Reuters  -  335 words
    • Article
      HK airport axes 2 senior staff for opening debacle
      344 6  -  From'. Loh Hui Yin in Hongkong THE Hongkong Airport Authority has sacked two senior officials in the wake of high-ly-critical reports about their work performance which contributed to the debacle when Chek Lap Kok airport opened on July 6 last year.
      344 words
    • Article
      Lock icon Australia challenging HK, S'pore in finance hub fray
      529 6 CANBERRA Howard directs govt to study incentives to woo firms to country Bloomberg AUSTRALIA threw down the gauntlet to Hongkong and Singapore, warning it will exploit its spot as Asia's bestperforming economy and join the race to become the region's dominant finance
      Bloomberg  -  529 words
    • Article
      Lock icon HK's Leung in China to settle legal row
      187 6 BEIJING AFP HONGKONG Secretary for Justice Elsie Leung arrived in Beijing yesterday to explain a landmark court ruling that has sparked a legal dispute between the territory and mainland authorities. Airport officials confirmed her arrival but said she would not meet reporters.
      AFP  -  187 words
  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      459 6 Vessel Voy No Berth Arrival Departure Jeraae Part Adka Tarunag *****9 Jtl alongside 13.02/1200 Bt Mekar *****9 J01 alongside 13.02/0600 Bt Sejati *****9 J01 alongside 13.02/0600 Gsh 210 48Sa J1S alongside 13.02/0600 Idc 2 8/98 J17 alongside 13.02/0600 Princess Lil 0299 J07 alongside 13.02/1800 Sinarcentral 02/99 J15 alongside
      459 words
    • Article
      CONTAINER SCHEDULES
      1533 6 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boofcing/BoUncc Rstls Ship Voy No Ett/Btr Portod From To From Aci Oasy 020A 14/800 M 0/800 12/1659 12/1100 II 12/1500 12/1459 12/1900 2* 12/1700 13/0459 U/0900 2* 12/1700 13/0*59 13/0900 13/0700 U/189 13/1400 4 13/1200 13/1459 13/1700 AtlMbc I* 90W
      1,533 words
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  • REGION/WORLD
    • Article
      Lock icon US business inventories unchanged in Dec
      479 7 WASHINGTON Sales gain of 1% biggest since IJ% rise in Sept 1997 Bloomberg INVENTORIES of unsold goods at US businesses held steady in December as drops in factory and chain-store stockpiles were offset by increases at auto dealers, building material suppliers and wholesalers. Business
      Bloomberg  -  479 words
    • Article, Illustration
      Lock icon Talking war and peace
      60 7 [ISLAMABAD] A 15-metre model ofa nuclear missile named an "Islamic bomb "is towed past the Pakistani Parliament building in Islamabad yesterday by supporters of a Muslim separatist campaign in the Indian state of Kashmir. The show coincided with the opening of a two-day conference ofPakistani and
      AFP  -  60 words
    • Article
      Lock icon Seoul to sell 1.2t won of bad loans in global auction
      357 7 SEOUL Bloomberg THE South Korean government agency responsible for cleaning up the nation's ailing banks said it will sell 1.2 trillion won (Ssl.7 billion) of bad loans in an international auction in April. Korea Asset Management Corp hopes it
      Bloomberg  -  357 words
    • Article
      Lock icon Schroeder urges compromise in pay row
      379 7 BONN 16 Metall demanding <L 5% rise; employers offer 2.3% Reuters CHANCELLOR Gerhard Schroeder yesterday appealed to Germany's metal and engineering workers not to strike and to try to reach a deal with employers at the negotiating table. In open letters to Klaus Zwickel,
      Reuters  -  379 words
    • Article
      Lock icon Pakistan lifts ban on repatriation of sale proceeds
      271 7 KARACHI AFP PAKISTAN'S central bank has agreed to allow foreign portfolio investors to repatriate sale proceeds, reversing a ban it clamped after the country's nuclear tests in May, bankers said yesterday. The State Bank of Pakistan imposed the ban as part of
      AFP  -  271 words
    • Article
      Lock icon Will Clinton go after his pursuers?
      441 7 WASHINGTON White House says 'no' and analysts warn both sides against vengeful acts AFP THE close of President Bill Clinton's impeachment crisis raised questions of whether he will bury the hatchet with Congress or seek revenge against his Republican pursuers. The White House has
      AFP  -  441 words
    • Article
      Lock icon Microsoft may be made to license code: report
      208 7 NEW YORK Reuters MICROSOFT Corp may be forced to give up its Windows source code to remedy the software giant's alleged antitrust violations, Business Week said in its Feb 22 issue. In a series of articles titled "Microsoft How Vulnerable?", Business Week
      Reuters  -  208 words
    • Article
      Lock icon Hillary eyes NY Senate seat: report
      271 7 NEWYORK AFP US First Lady Hillary Clinton is seriously considering running for New York's seat in the US Senate in 2000, says the New York Daily News, citing White House sources. Mrs Clinton may make up her mind as early as next week, "after
      AFP  -  271 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      1224 7 LIMITED (Incorporated In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of the Company will be held at Hilton International Singapore, sth Level Indonesia Room, 581 Orchard Road, Singapore *****3 on Monday 15 March 1999 at 12 noon for the following purposes:
      1,224 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Web sites for busy or shy romantics
      696 8 Want to say 'Be my Valentine' but don't know how? Try the Internet LAT-WP SO maybe you're not a cynic. In fact, you're a romantic at heart. You take all this kissyface, huggy-bear Valentine's Day stuff seriously or you love someone who does.
      LAT-WP  -  696 words
    • Article, Illustration
      Lock icon Ellis' mastery of the game of fame
      864 9  -  His artistry as a novelist has been much in dispute but he has become very proficient at being a public figure, reports llotd grove LLOYD GROVE LAT-WP BRET Easton Ellis wears a Hugo Boss blazer. His shirt is Canali, his tie Polo, his
      LAT-WP; CAMERA PRESS  -  864 words
    • Article, Illustration
      Lock icon Surprise omissions at the Oscars
      409 9 MOVIES Snubbed Traman Show seen as a critics' phenomenon NYT [HOLLYWOOD] What happened to The Truman Show? The drama, directed by Peter Weir and starring Jim Carrey as a man who slowly realises that his life is a television show, was considered a virtual certainty
      NYT  -  409 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      1882 8 CRYPTIC CROSSWORD ACROSS 1 2 BI B I B I U| n 1 Caribbean restriction on cop- r I T I T I Cinemas do turn HlJBb 9 Plain gold representation, still, on stage Hb 11 At university, made appoint- jj12 Behold commercial cargo (4) iHHI 13 Part of Florida
      1,882 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      737 9 *in i i» i A i presented ,/iT% Diners Club Offers Personalised Cash Access to apply, cai: Where to wine, dine and entertain... '<1# InternationaT a tover3o,ooo locations worldwide. lIMi 290 4545 I Romantic Candlelight Set Dinner with Room Package $158 per couple Romantic 4-Course Candlelight Set Dinner $88 per
      737 words
    • Advertisement
      Page 9 Advertisements Column 2
      99 9 rr 1 sllf J I A \w I *itAeft*s»im ijM —p— I C]}aflroom CQanctng i ttJ^BaUroomdanang, mtirLj 1 'pecudperformance by jMttm 6Martha WilUmmt, V x with a gUtMcf wine at The Neptune. Date :14 February 1999 Menu include our popular sedap Mee Siam, Nonya Laksa and the exciting Rojok and
      99 words
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  • SPORTS
    • Article, Illustration
      Lock icon Fijian golfer Chand emulating Vijay
      913 10  -  Chand puts his strength down to endless days of hard practice, says JEREMY DUXBURY JEREMY DUXBURY Reuters A WAVE of Fijian golfers are preparing to launch themselves on an unsuspecting world. Inspired by the success of Vijay Singh, a new generation of Fijian golfers are
      Reuters; FILE PHOTO  -  913 words
    • Article, Illustration
      Lock icon Shadow still hangs over Salt Lake City
      796 10 OLYMPICS NYT [SALT LAKE CITY] The Olympic scandal is not over. To be sure, there will be Summer Games in Sydney in 2000 and Winter Games in this insular little outpost in 2002, but the so-called Olympic movement is still covered by a
      NYT; REUTERS  -  796 words
    • Article, Illustration
      Lock icon King slams media double standards
      553 10 TENNIS Ex-champ to got Arthur Ashe courage award at ceremony on Monday LAT-WP [BALTIMORE] In the beginning, Billie Jean King thought Arthur Ashe to be "pretty chauvinistic", but as time wore on, the two tennis greats who often shared a broadcast booth at Wimbledon for
      LAT-WP; FILE PHOTO  -  553 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Keppel in Philippine towage venture
      651 11  -  It ties np with Smit, Transpacific to form largest operator in the country Promt Conrad Raj in Manila SINGAPORE'S biggest investor in the Philippines, gov-ernment-linked conglomerate Keppel Corp, has formed a new joint venture that will make it the largest harbour towage operator in the
      ARTHUR LEE  -  651 words
    • Article, Illustration
      Lock icon KepTatLee Finance: More lay offs unlikely
      264 11  -  By\ Clarissa Tan [SINGAPORE] Keppel Tat Lee Finance, formed officially today, has retrenched 59 people but is unlikely to cut back on any more staff in the "foreseeable future", general manager for credit and operations Tina Chin said yesterday. The merged entity of Keppel
      CHRIS LOH  -  264 words
    • Article
      Keppel now has 60.9% of Kep Hitachi
      152 11 [SINGAPORE] Keppel Corporation now has 60.9 per cent of Keppel Hitachi Zosen following the close of its general offer for the company yesterday. Taking into account the shares the conglomerate already owns and the acceptances arising from the offer, the group now holds
      152 words
    • Article
      A poor show by Goldman Sachs on latest govt bond issue
      633 11  -  HOCK LOCK SIEW Wong Wei Kong IN March last year, the placement by Temasek Holdings of US$l billion (Ssl.7 billion) of convertible Singapore Telecom bonds was snapped up by international investors in six hours. The bond issue, jointly managed
      633 words
    • Article
      What's in a name? Plenty if it's Pacific Internet
      396 11  -  A California ISP by same name gets unwanted attention By' Teh Hooi Ling [SINGAPORE] A small-town Internet service provider (ISP) in northern California called Pacific Internet has been inundated with calls and e-mails from people wanting to invest in it, thinking
      396 words
    • THE CLOB ISSUE
      • Article, Illustration
        Clob shares are genuine shares issued in M'sia
        317 12  -  Several Malaysian newspapers have commented on the Clob issue in recent weeks. We reproduce here two of such articles written by the New Straits Times and the Nanyang Siang Pau as well as the Stock Exchange of Singapore's response to the NST
        317 words
      • Article, Illustration
        KL's unit trust proposal unfair
        786 12  -  Andrew Chia Singapore via Internet I READ with great concern the proposal by the Malaysian government to set up a unit trust to buy over all the Clob shares held by Singaporean shareholders at as much as a 30 per cent discount to the market
        786 words
      • Article
        Clob complied with M'sian law
        278 12 This SES'response to an NST article was published in NST, Feb 10 [SINGAPORE] Hardev Kaur's article (NST, Jan 25) referred to Clob International as an "illegal" market. The Stock Exchange of Singapore (SES) has always ensured that Clob complied fully with Malaysian law. Clob was
        278 words
      • Article
        S'pore should mop up after itself
        880 12 Abridged version of article by H&rdev Kaur published in NST on J&n 25 THE final curtain came down on illegal trading of Malaysian stocks on Sept 15, 1996. That was the last day of trade on Singapore's Clob International, with a total of 22.5
        880 words
      • Article
        Clob issue needs to be settled urgently
        861 12 This article appeared in Nanyang SiangPanonFebl2 ANALYSTS have said that holders of Malaysian shares previously traded on Clob were unlikely to give up their shares at prices last quoted on Sept 15, 1998 because prices then were at their bottom. Hence, such a
        861 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Parkway-SouthQuay deal on Auric Pac
          92 13 [SINGAPORE] Parkway Holdings and South Quay Capital Asia are entering into an agreement to hold their effective stakes in listed food maker and distributor Auric Pacific Group through separate units. South Quay, which currently holds its 4.18 per cent stake in Auric Pacific through Westront
          92 words
        • Article
          Lock icon Pacific Can details China plan funding
          68 13 Reuters [SINGAPORE] Pacific Can Investment Holdings yesterday said it expects to fluid wholly-owned subsidiary Paccan Infrastructure Pte Ltd's investment in infrastructure projects in China from internal sources and borrowing. It said that if and when the relevant approvals were obtained, "the sources of funds
          Reuters  -  68 words
        • Article
          Lock icon 5.6b baht loss for Securities One
          50 13 AFX-Asia [BANGKOK] Securities One pic said it posted a 1998 net loss 0f5.627 billion baht (*****.6 million) on operating profit 0f553.8 million baht. It said the net loss were due largely to loan losses of 6.1 billion baht booked in the second quarter. —AFX-Asia
          AFX-Asia  -  50 words
      • Article
        Lock icon S'pore Petroleum warns of worse second-half results
        294 13 Bloomberg [SINGAPORE] Singapore Petroleum Co, an oil refiner, said earnings for the second half of 1998 were worse than the first half, when profit fell 98 per cent, as falling oil demand in Asia pushed prices down, causing refineries to make a loss.
        Bloomberg  -  294 words
      • Article
        CMB ends tough 98 with $11m profit
        545 13  -  Sales up bat company faces severe pressure on prices and margins By Ven Sreenivasan [SINGAPORE] Packaging group CarnaudMetalbox Asia yesterday reported net attributable earnings (before extraordinary items) of $11.1 million for the year ended Dec 31, 1998, compared to $515,000 in 1997. Net
        545 words
      • Article
        Central Properties profit 58.4% lower
        194 13 [SINGAPORE] Due to a poor first half performance, net profit at Khoo Teck Puat's investment arm Central Properties Ltd fell 58.4 per cent to $3.2 million for the year ended Dec 31,1998. Pre-tax profit slipped by $3 million to $12.4 million due to a decrease
        194 words
      • Article, Illustration
        Lock icon GPE paying $22.2m for stakes in group of firms
        335 13 It'll pay HE parent Gold Peak in cash for the acquisition [SINGAPORE] GPE Industries is paying $22.2 million to its Hongkong parent for a group of companies it says is one of the major suppliers of precision parts and components in
        CHRIS LOH  -  335 words
    • Article
      BT SHARE INFORMATION SERVICE
      3675 13 Mum Mayfran Sap 24 P 1M2 0.121 180 020 Dat* TY LY TY LV Metro Mtdgs Nov 11 I ***** 2JH 19L 2.46 Cimpwy mm ($m) lata) tcta) Motaiock Ok a I UM a523 2-41 a73 Mo»an tl»« I 0.544 UN 0.43 17* WlWdfl I P
      3,675 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Commerce Asset up 9.7% on Bank Bumi takeover
        453 14 S&P affirms BB ratings of both banks and says merger benefits the industry AFP [KUALA LUMPUR] Shares of Commerce Asset Holding Bhd rose sharply yesterday on resumption of trade as investors cheered its takeover of state-owned Bank Bumiputra Malaysia, analysts said. Trading
        AFP  -  453 words
      • Article
        No definitive proposal yet on Powertek, says Tanjong
        357 14  -  Firm approached by potential investors in past few months From Ruth Wong in Kuala Lumpur TANJONG pic said it would continue to pursue and evaluate business development opportunities in the power generation industry to add value to its investment in its independent
        357 words
      • Article
        Lock icon SEC okays trading collar changes
        427 14 Bloomberg, Reuters [NEW YORK] The Securities and Exchange Commission has approved changes to the New York Stock Exchange's trading collars, which will allow the Dow Jones Industrial Average to rise or fall 2 per cent before restrictions on program trading are slapped. The changes will
        Bloomberg,; Reuters  -  427 words
      • Article
        Lock icon Regulator attacks BSkyB's bid for Man U
        189 14 FT [LONDON] The main regulator for the television industry has called for British Sky Broadcasting's planned £623 million (Ssl.7 billion) takeover of Manchester United soccer club to be blocked, together with similar deals by other media companies. The Independent Television Commission, which regulates
        FT  -  189 words
      • Article, Illustration
        Lock icon Coke gains market share over Pepsi in US
        303 14 Bloomberg [BEDFORD HILLS, New York] Coca-Cola Co widened its domestic lead over rival PepsiCo in 1998, a report said, as sales of Coke's Sprite rose three times faster than the rest of the industry. Coca-Cola's share of the estimated U5556.3 billion (5594.6
        Bloomberg; FILE PHOTO  -  303 words
      • Article
        Globe to spend US$60m on mobile network
        208 14  -  Prom Al Labita in Manila [MANILA] Globe Telecom will install US$6O million (*****.4 million) worth of equipment this year to expand its mobile phone network, said its president, Gerardo Ablaza, yesterday. This will raise the amount that the company, a joint venture between
        208 words
      • Article
        Lock icon Lai Sun plans to redevelop Furama, Ritz in HK
        381 14 Furama to be torn down, turned into hotel-office complex Bloomberg [HONGKONG] Lai Sun Development Co and Lai Sun Hotels International Ltd will tear down and redevelop Hongkong's Furama Hotel, and possibly the next door Ritz Hotel in two years, a person
        Bloomberg  -  381 words
      • Article
        Lock icon Astra asks for 70% write-off on US$1.2b debt
        399 14 Bloomberg [JAKARTA] PT Astra International, Indonesia's largest car assembler, asked holders of about US$l.l7 billion (Ss2 billion) in debt to write off 70 per cent of those borrowings if they want to be paid immediately. Astra, which like other large Indonesian companies,
        Bloomberg  -  399 words
      • Article
        Lock icon Genting earnings seen 40% down on Star Cruise goodwill write-off
        485 14 Regional crisis and capital controls also factors: analysts AFX-Asia [KUALA LUMPUR] Genting Bhd is expected to report net profit of between 400 million and 486.7 million Malaysian ringgit (Ssl7B-$217 million) for 1998, down about 40 per cent from RM771.3 million
        AFX-Asia  -  485 words
      • Article
        Lock icon Cocoa price slump will hit Khong Guan's second half
        188 14 Reuters [SINGAPORE] Khong Guan Flour Milling Ltd said yesterday a slump in cocoa bean prices would hit second-half results, and full-year earnings were unlikely to improve in 1998/99 (May-April). "Recent downward movements in prices of cocoa beans could have an adverse
        Reuters  -  188 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Dai-Ichi Kangyo Bank sees 390b yen loss
        387 16 It triples planned bad loan writeoffs to make clean start bat will pay dividend Bloomberg [TOKYO] Dai-Ichi Kangyo Bank Ltd, Japan's third-larg-est lender, reversed its earnings forecast for the year to a 390 billion yen (Sss.B billion) loss, it's third straight, after more
        Bloomberg  -  387 words
      • Article
        Lock icon AIG Q4 earnings rise 14% to US$990m
        709 16 Derivatives trading and other financial services boost profit Bloomberg [NEW YORK] American International Group Inc, the largest US financial company by its market value of US$lll.B billion (*****.8 billion), said its fourth-quarter earnings grew 14 per cent, driven by profit from derivatives trading
        Bloomberg  -  709 words
      • Article, Illustration
        Lock icon Sanwa Bank to up stake in Toyo Trust by 100b yen
        334 16 Sanwa will become largest shareholder with 13%: report Bloomberg [TOKYO] Sanwa Bank, Japan's Fifth biggest bank, wiU boost its stake in Toyo Trust Banking Co by 100 biUion yen (551.48 billion), making Sanwa the largest shareholder in the trust
        Bloomberg; FILE PHOTO  -  334 words
      • Article
        Lock icon Union Bank of HK replaces chairman ahead of results
        143 16 Bridge News [HONGKONG] The Union Bank of Hong Kong has appointed Fu Yu-ning as chairman and director of the bank effective Thursday, replacing Li Yin-fei, who resigned the same day, the bank said in a statement yesterday. The bank is due
        Bridge News  -  143 words
      • Article
        Lock icon ING Barings realigns units
        287 16 Bloomberg [AMSTERDAM] ING Barings, the investment bank of Dutch financial-services company ING Groep NV, told its staff of plans to integrate its Amsterdam and London operations, while selectively reestablishing its emerging market equities business and cutting costs further. Chief executive David Robins and ING Groep's board
        Bloomberg  -  287 words
      • Article
        Lock icon Lloyds TSB meets forecasts with 30% rise in H2 profit
        320 16 Bloomberg [LONDON] Lloyds TSB Group, Europe's biggest bank by market value, said secondhalf 1998 net income rose 30 per cent, at the top end of expectations, as retail banking income rose and costs fell. The bank said second-half net income
        Bloomberg  -  320 words
      • Article, Illustration
        Lock icon Euro/US$ searching for support
        394 16 Enro/US$: As expected Euro/ USS traded higher at the beginning of the week, rallying from a low of 1.1218 on Monday to touch a high of 1.1361 on Wednesday. Thereafter, the unit succumbed to gravitational pressures and dipped to a new low of 1.1212 on Thursday.
        Source: DBS Bank  -  394 words
      • Article, Illustration
        Lock icon Canada to let foreign banks open full branches
        419 16 That will help arrest decline in foreign bank share of assets [OTTAWA] The government has introduced legislation enabling non-Canadian banks to open commercial branches in the country, in line with practices in most other industrialised nations and increasing domestic competition. The change,
        FILE PHOTO  -  419 words
      • Article
        Lock icon TSE to revise 10-year JGB delivery rules
        209 17 Reuters [TOKYO] The Tokyo Stock Exchange (TSE) said yesterday it would change its rules on bonds eligible for delivery against its 10-year Japanese government bond (JGB) futures contract in line with a final proposal by market participants. A TSE official said a working
        Reuters  -  209 words
      • Article
        Lock icon It's up to members how to liquidate stocks: Inro
        197 17 Reuters, Bloomberg [KUALA LUMPUR] The International Natural Rubber Organisation (Inro) said yesterday its member nations would have to decide how to liquidate its stocks if the price stabilisation pact was scrapped. Inro buffer stock manager Arch Roberts told Reuters members could
        Reuters,; Bloomberg  -  197 words
      • Article
        Lock icon Oil prices edge higher ahead of long holiday weekend in US
        404 17 ENERGY REPORT Reuters [LONDON] Oil prices ticked higher yesterday as traders scrambled to cover their positions ahead of a long holiday weekend in the United States, traders said. But the prospects for a real crude oil price recovery still
        Reuters  -  404 words
      • Article
        Lock icon CURRENCY REPORT
        325 17 Reuters, AFP Tiftiwkw US dollar/yen traded erratically in a two-yen range yesterday as the Bank of Japan successfully, but perhaps only briefly, outmanoeuvred calls for it to support the Japanese government bond market, analysts said. "It was very volatile for dollar/yen, but at the end of the day
        Reuters,; AFP  -  325 words
      • Article, Illustration
        Untitled
        1084 17 DTTERBAME CROSS BATES FebrJ Ow HK$ IX ti Vm Wo m |g$ N> ts S$ Iwl Sfr MT$ 8drt fmd US$ cUSd?* 1042 0 960 1569 0 597 S LS J2 JS 2*2 SS 121 ItZ U74 33.014 ***** 1099 1*9 0.*****403 23.823 0J97 0.644 CflMM 1.042 5.569 0.597 3.914
        1,084 words
      • Article
        Untitled
        1677 17 S1C0M FUTURES Feb 12 RU88CR (Mares desta«K«t5J0p«) R5S t cwtsAq) ClOM VflkMW OpM Moett Wqfc U» Srtt (twwH) jgjgg "*99 ***** 200 500 Apr 99 1)025 850 H»Y99 112.75 925 199 114.75 300 Mfep99 ***** 825 Oct/Otc 99 ***** 150 RSS 3 CONTRACT (US c*n«sAfl) VoiWM OpM {M U» Srtt
        1,677 words
    • Article
      WORLD STOCK MARKETS
      2243 18 LONOOM Miftflilf FWt2 Nan 3) Croup 607.400 ♦11.000 AB Ports 279.000 -4.000 AbOay National 1247.560 50.390 Allied Domecq 454.400 4.000 Alltad Zurich 895.000 42 600 Amac 186.400 1.400 Asda Croup 156.000 unch BAT Ind 573.000 -15.000 BC Pk 354.000 -8.200 BICC 67.000 3.000 BOC Croup 872.400 2.400
      2,243 words
    • Article
      Lock icon TOKYO
      1611 18 AFP H Nikkei 225 »2L29 SHARE prices in Tokyo closed 0.2 per cent higher yesterday, as investors waited for the outcome of a Bank of Japan policy board meeting, brokers said. The Nikkei average of 225 leading issues gained 21.29 points to end at 13,973.69. The Tokyo market won
      AFP  -  1,611 words
    • Article, Illustration
      Lock icon HONGKONG
      1314 18 AFX-Asia FlHangSeng +278.62 HONGKONG share prices closed sharply higher yesterday, with reports that the government plans to announce the resumption of land sales adding to solid early gains made on the back of a firmer Wall Street overnight, dealers said. They said a resumption of land sales would at
      AFX-Asia  -  1,314 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8305 19 INDUSTRIALS Cofisumtf products <999 Last Vol Day Net Cap Company Salt OOP High Loo PIt Jmli 310 280 A|inomoto 280 154 n3.5 83 62 Angkasa 74 3 17 75 71.5 109.1 283 244 Apollo Food Hlg 255 8 9 102 0 204 152 Berjaya Land 169 1 189 171 168
        8,305 words
      • Article, Illustration
        Lock icon Hopes of post-CNY rally prompt buying
        403 19 AFP Composite Index *7,84 MALAYSIAN share prices closed 1.4 per cent higher yesterday but some late profit-taking hampered a pre-Chinese New Year rally, dealers said. The Kuala Lumpur Stock Exchange's Composite Index rose 7.84 points to finish at 570.79 while the Second Board Index
        AFP  -  403 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        DBS' KepTatLee wrts worth watching
        177 20  -  WARRANT WATCH -Byi R Sivanithy ONE of the more attractive warrants in the market is the covered warrant issued by DBS Bank on Keppel Tat Lee Bank. It has had a good run in the past couple of days though, so let's see if there's
        177 words
      • Article
        Untitled
        1976 20 BONOS, LOANS ft WARRANTS wi 52-Wk Last Vet Day Lait Quote A«« High Law St no Company Sa4e »«r- COOO) High Law Buyer Seller Mca 18 3 3160 *Ac»r ******1 USS 12 unch 9 12.5 12 11 12 35 4.5 3164 Acma W*****4 16.5 -0.5 253 17.5 16 16 17
        1,976 words
      • Article
        CLOB INTERNATIONAL
        211 20 HONGKONG STOCKS Cr Gr 32-Wk LMt Vol 0*y LM1 Ouoto ON Mv VM Nat MC« High Low Stno Cowiponv ><*« rOOO) Nlgti Low auyor Wf C'w P/t in* 5123 COL (2000) MK 400 8 2.4 2 20.5 7744.7 5124 CHhty Poc 20c H*__720 265 2.1 7.4 6 *****.4
        211 words
      • Article
        Lock icon WELLINGTON
        268 20 AFP F1 Wellington +3L46 NEW Zealand shares rose 1.5 per cent yesterday with Telecom Corp doing much of the work in the wake of a strong close on Wall Street. The NZSE-40 rose 31.46 points to 2,169.00. Turnover was a high NZ5131.6 million of which Telecom stocks accounted for
        AFP  -  268 words
      • Article, Illustration
        Lock icon BANGKOK
        769 20 AFP SET Index *3178 THAI shares surged 10.8 per cent yesterday after the upper house of Parliament approved a bankruptcy court bill, analysts said. The Stock Exchange of Thailand (SET) composite index soared 33.78 points to close at 347.43 points, while the select SET 50 added 2.9 points to
        AFP  -  769 words
      • Article
        Lock icon SEOUL
        406 20 AFP Composite Index *27.78 SOUTH Korean share prices closed 5.3 per cent higher yesterday buoyed largely by gains in futures as foreign buying interest was revived amid easier money market rates, dealers said. The expiry of February options contracts on Thursday and the apparent end to program selling relieved
        AFP  -  406 words
      • Article
        Lock icon SYDNEY
        599 20 AFP All Ordinaries +215 AUSTRALIAN share prices gained 0.8 per cent yesterday on the back of a strong Wall Street, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, climbed 22.5 points to 2,889.5. National turnover totalled 383.4 million shares worth A 51.26 billion. The All
        AFP  -  599 words
      • Article, Illustration
        Lock icon JAKARTA
        725 20 AFP QCmpogite Index -110 INDONESIAN shares fell 0.5 per cent yesterday in a volatile market with some players taking profits ahead of the weekend despite sharp gains on Wall Street overnight, dealers said. "The Wall Street gains overnight and rebounds in most regional markets should have had a positive
        AFP  -  725 words
      • Article
        Lock icon MANILA
        297 20 AFP Pjufc *25J> PHILIPPINE share prices rose 1.3 per cent yesterday due to bargain-hunting after recent falls, analysts said. The Philippine Stock Exchange composite index rose 25.19 points to close at 1,919.78 points. Volume fell to 311.6 million shares worth 1.01 billion pesos from 3.26 billion shares worth 942.6
        AFP  -  297 words
    • STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      • Article
        Untitled
        6395 21 Cf Cf M Wt 52 W LMt V«l Day LastOuote CNv Dtv YM Net Cm Ay* HlgA Low StNo Company U* COOP) I— Buyer »—or H C yr P/E $mk Prtca MILTHMDUSTRY 142 17.5 m» 1000 Acma 50c 71.5 -0.5 89 73 71.5 70 71.5 27.5 I 19.2 5 «8.3
        6,395 words
      • Article
        SESDAQ
        1173 21 M W L«rt VX On LMt OMK Mr M W MM CJJ A»J HNfc La» w» Ciw»M| »a4a COOOl HH> L— »rar »«Bar CV H M |Sl Wa 231 30 2049 AS Auto 10c 93.5 -2 1014 99 92 923 94.5 IS N 7 U U 104.8 92 ,E
        1,173 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Foreign-tranche bank shares keep STI steady
        613 22  -  STOCK MARKET COMMENTARY Index down just 2.32 pts despite profit-taking general reluctance to keep positions open ahead of holiday period By R Sivanithy A RECOVERY in the Foreign tranches of bank stocks helped the Straits Times Index keep its nose above water for most
        613 words
      • Article
        Untitled
        264 22 Stocks Vtot XepTitLM Bk DBS WOO 12,688,000 DBS Land 9,344,000 CKTang WI99 8,236,000 SembCorpi 25c 8,185,000 Keppei LandWOO 6,966,000 STEnggKJc 6,818,000 Bank Bkt MLCW99 6,693,000 KepTatlee Bank 6,185,000 SingTel 15c 5,417,000 teppei Land50c 4,595,000 Stocks < DBS Foreign 49,706,199 OCBC Foreign 33,690,026 SIH 22.540,726 U08 Foreign 21,957,106 DBS Land 20,231,480
        264 words
      • OH THE GRAPEVINE
        • Article
          Will DBS pay like JP Morgan?
          153 22 we nave received an e-mall tram a DBS Bank executive expressing disappointment with the bank's latest organisation structure. It is merely an exercise in changing titles, she sakl. "There is no clear road map as to where the bank is heading towards the new
          153 words
        • Article
          Which is bigger: 1 or 2?
          91 22 WK hear that another grip* about DBS' rtttofihugßi^aafftft^nfy classification of assistant vice-presidents and treasurers. Theee people are now ranked aa Associate a while assistant treasurers and officers are renamed Associate 1. The problem with this Is that it gives the misleading Impression Hist Associate
          91 words
        • Article
          Consultants and colleagues
          88 22 rHOSE who have read the 15-page Internal announcement by DBB Bank chairman S Dhanahalan, vice-chairman and chief executive officer John Olds and president and chief operating officer, Ng Kee Choe, noted a paragraph where the three retered to consultants at AT Kearney and McKinsey Co as "coOaaguee".
          88 words
        • Article
          SICO not spared loan
          133 22 MEMBERS of the Stnpvara Mend Country Club count themssivee among the cream of the cream hi local society. But that hssnt helped the exclusive dub than Buffering ths same fete as ordinary Central ProvldNit Fund member* a« far as portfolio investment is concerned. The dub loet
          133 words
      • Article, Illustration
        HOT STOCK
        66 22  -  By Wong Wei Kong DBS Land shares closed down $0.03 at $2.14 yesterday on a volume of 9.34 million shares, compared to its 10-day traded average of 7.53 million shares. The daily and weekly RSI and Stochastics as well as the MACD charts are sending out mixed readings,
        66 words
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      Page 11 Advertisements Column 1
      243 11 1998 INVESTMENT fund awards Organised by The Business Times, Standard Chartered Bank and Guests at the Awards Dinner on 24 February 1999 can bid for a Reuters, the Investment Fund Awards is an annual event honouring variety of items in the charity auction: a playing slot at the Alfred the
      243 words
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      1157 15 I carnaudMetalbox CARNAUDMETALBOX ASIA LIMITED (Incorporated in the Republic of Singapore) PROFORMA FULL YEAR FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT Full-year financial statement on consolidated results for the year ended 31 December 1998. These figures have not been audited. Group Company SS'OOO SS'OOO Latest year Previous year Change Latest year Previous
      1,157 words
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      Page 15 Advertisements Column 2
      1442 15 profit before interest and tax, after adjusting for a $2.7 million provision against doubtful receivables and the $2 million general provision against country risk last year, was flat in Singapore dollar terms compared to last year as concerted management efforts to control costs, reduce spoilage and improve productivity was offset
      1,442 words
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      Page 18 Advertisements Column 1
      91 18 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes SINOAPORI Hie stock markets in Taiwan and China were dosed for the Chinese New Year holiday ll —■■'l 1 rmr >>MMMiUhatM> il» n»n. r »i ill I !ara»iMl MmM w>» »>■l—<—tm OT —i |j I I] Tm*ri *«fen .fTT) tmm. ««wl
      91 words
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      22 19 +The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks Classified First. Want more accessories for your car? CATS j
      22 words
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      Page 20 Advertisements Column 1
      57 20 I'm calling aboutN. /Gosh, you reX /i found my pet through\ your advertisement in greatest like The Straits Times Classified. I iThe Straits Times Classified... I _V f. J I'm going to take real good J < ni be right v —""j Buying or selling through As/ >3 J The
      57 words
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      24 21 Who is beh,nd j4UDEMA^ PIGUET iHk an Audemars Piguet watch? muiirc ilc I'lwrloycric ilepuis 18/ C > l> <n v .»r»|»iKue-'^SK Koy.il ()«»k 1 <illei
      24 words
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      Page 22 Advertisements Column 1
      481 22 Trade all over' Asia, anytime you want. Call DBS investor Online at 438 1188 >I<| M'.SBANK NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 j VICTOR'S SPORTS CLUB NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Victor's Sports Club
      481 words
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      Page 22 Advertisements Column 2
      83 22 IN THE MATTER OF THE COMPANIES ACT, CAF.SO AND IN THE MATTER Of MIDSOUTH ENGINEERING A TRADING PTE LTD (In Mentors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, that the final meeting of members of the above-namea Company will be held at 10, JALAN BESAR, #06-02,51 M LIM TOWER, SINGAPORE *****7
      83 words
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      Page 22 Advertisements Column 3
      63 22 Who says a recruitment Ad has to be boring? fce TTT f <Jk v il f y ili I I Hr |r jESsShHPBP^^^^J M t--3#ig» m mmn^^i 1 r For more information on Creative Ads, call: K r.l .111 Jll Susan Eng 740 6160 Florence Kang 740 6161 Judy Tan
      63 words