The Business Times, 24 November 1999

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Total Pages: 54
1 54 The Business Times
  • 15 1 THE BUSINESS TIMES MTTA(P) 046/12/98 OCA SINGAPORE r* Internet: intp://ousiness-times.asial .com.sg/ WEDNESDAY, NOVEMBER 24, 1999
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  • 60 1 HI SHAM (-3.88) niMM kJ 83Gu03 (-127) nsasannuiES mm 3HJO (-2.40) STOCK MARKET HDKES Tuesday Chance KLSEOOMP 71ft It -ftB NIKKEI ami HAND SENG 1M8120 +108.17 8ETWDEX .496.42. -ft» JAKARTA COUP —«18.« -»1.72 MANILA COMP ORUI 4.44 TAIPEI WPI *****9 4.12 SEOUL COMP 174.06 -M CISACBINAB 807.74 -1179
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  • 71 1 F08EX1ATE8 us$ s$ USS 1.879 £(l'SS/S$ per 1.821 2.708 ElHO(US$/S$/E) l.m 1.728 DM im MS YEN 1MJ 1.601 RM 3500 0.439 HKS 7.771 Qllt BAHT 38.76 0.043 RUP1AH 7.062 0.024 •sttorn who PUKE BATES SINGAPORE* 5.80 KUALA LUMPUR 7& JAKARTA M.W BANGKOK 19.00 MANILA 11.M HONGKONG 8.26 TAffH 8.67
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  • 916 1  -  But pending outcome of talks, no decision yet to take up issue with world trade body By Ven Sreenivasan [SINGAPORE] Malaysia's actions on the trading of its shares on Clob International, Singapore's over-the-counter market, are inconsistent with its obligations under the World
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  • 408 1  -  Front Diana Oon Abdullah in Kuala Lumpur INTERNATIONAL research house S&P MMS International has forecast that Malaysia's third-quarter economic growth will come in at 12 per cent year-on-year by far the most optimistic estimate for the number, which is to be
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  • 641 1  -  Improved economic ontlook justifies this: BG Lee By, Audrey Tan [SINGAPORE] With the economy recovering, civil servants and ministers will see their pay cuts restored on Jan 1 and receive a larger yearend bonus. Deputy Prime Minister Lee Hsien Loong said
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  • Page 1 Advertisements
    • 79 1 nnapß Money Msttois Currency markets in Year 2000: Shortterm uncertainties, but big picture for Asia looks positive. I*3o Top stories Ho Bee to raise $74m from IPO of 160 m new shares. if if M Alan Harden to leave Stanchart. Pg 4 Morgan Stanley Capital International (MSCI) will fully reinstate
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    • 107 1 &The Governments intention is to restore employer CPFcontributions I I fulty to 20 per cent, the rate which prevailed before the cut... The H I restoration wiU be done as goon as possible, at a pace which the I economy can bear. If conditions are favourable, we should be able
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    • 85 1 Mail Bag: Don't put proposed Clob solutions into cold storage; Is KLSE really keen on a fair Clob solution?Pg 13 j IN SINGAPORE: Chopard Boutique, 435 Orchard Road no. 02-36, Wisma Atria, Tel. 65/737 64 51. Fax 65/235 82 00. Dickson shops: The Promenade, Centrepoint. Suntec City Cortina shops: Lucky
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    • 21 1 wSH have flexibility, Pg 10 IDA will be fair, Pg 10 Up to firms to decide on multimodal units, Pg 10
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  • NEXT page
    • ON THE grapevine
      • 99 2 NOT all of our readers may know this, but a Web site called sbt.bhmedia.com makes it a point to tell visitors about strange, sometimes useless, but apparently true facts. Here's a sampling: The sun is 330,330 times larger than planet Earth. The world's termites outweigh humans by
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      • 68 2 ACCORDING to talk in fund management circles, DBS Asset Management is on the lookout for a new chief investment officer. Cheong Kum Hong, an industry veteran who used to fill this position, has left to join Commerzbank Asset Management. Mr Cheong replaces Madeleine Lee, Commerzbank's
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      • 70 2 DURING a financial briefing yesterday, the managing director of a large equipment manufacturer for the information technology industry said that profits on IT products are very tight and prices are market dependent these days. Comparing cost of equipment such as calculators 20 years ago, he said the company
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      • 115 2 HERE'S something for those interested in the value of knowledge. A friend's wife went to Changi airport the other day to collect six small cartons of books and notes sent by her son so that he could keep up with his school work while he was here on
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      • 108 2 ACCORDING to an e-mail to BT, The Washington Post has asked readers to take any word in the dictionary, alter it by adding, subtracting or changing just one letter, and supply a new definition Here are some recent winners: "Reintarnation" Coming back to life as a hillbilly.
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    • 726 2  -  Additional wage-linked cost of $769 m a year, bat there'll be some $237 m in rebates on business costs By, Audrey Tan [SINGAPORE] Employers will have to foot an additional $769 million a year in wage-related costs with the
      FILE PHOTO  -  726 words
    • 304 2  -  Singapore accounts for 45% of total South Asian business By, Andrew Wee COMPUTER giant HewlettPackard's sales in South-east Asia have risen 32 per cent for the year ended Oct 31. Singapore currently accounts for about 45 per cent of total business in South
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  • Page 2 Advertisements
    • 275 2 Manchester Business School The University of Manchester and University of Wales, Bangor School of Accounting, Banking and Economics Distance Learning MBA AN You are already making a success of your working life. You may be a financial manager, a specialist or you might be a general manager who needs financial
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    • 37 2 i *1 THE WORLD S LEADING *r OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS I Incorporation Fees from U***** J BAHAMAS JERSEY V I m BRITISH VIRGIN MAURITIUS ISLANDS SEYCHELLES fi* CAYMAN ISLANDS SAMOA WT m BELIZE M
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  • Page 3 Advertisements
    • 175 3 .A PATEK PHILIPPE GENEVE The Patek Philippe Sculpture Collection The new Patek Philippe Sculpture Collection brings a Exclusively distributed by Cortina, ffoe Sculpture Collection contemporary blend of strength and sensuality to is now available at the newly renovated Raffles City store timekeeping evident in the smooth, sculptural lines of the
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  • SINGAPORE companies
    • 532 4  -  MEW LISTINGS Property developer will use proceeds for Kovan Centre, Great Eastern Hotel purchases By, Andrea Tan PROPERTY developer Ho Bee Investment yesterday floated 160 million new shares at 48 cents each, raising net proceeds of about $74 million.
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    • 354 4  -  By] Marissa Chew MANUFACTURING Integration Technologies (MIT) is offering 5.5 million shares to the public at 56 cents each as part of its initial public offer launched yesterday. In all, the company offered 55 million new shares at 56 cents each for its
      ARTHUR LEE  -  354 words
    • 361 4  -  PBOPLE By' Wong Wei Kong ALAN Harden, who played a pivotal role In pioneering the unit trust distribution industry in Singapore, is leaving Standard Chartered Bank after five years during which he turned third-party fund sales into a major business for the bank. The global
      361 words
    • 176 4 CHIP Eng Seng (CES) yesterday announced that the public tranche of the company's initial public offer was 77 times subscribed. At the close of its offer on Monday, CES said it received 95,754 applications for 2.9 billion shares amounting to
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    • 700 4  -  liMMHlocksievfl siow li sen LEST anyone missed the message, DBS Bank's latest foray into the Philippines is a clear indication of the group's determination to make it as a regional bank. And the bank is working against time as
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    • 315 8  -  Move trims costs, brings HQ staff under one roof liy< Conrad Raj SEMBCORP Industries, the combination of Sembawang Holdings and Singapore Technologies Industrial Corporation, is moving its headquarters from Ngee Ann City in Orchard Road to Junction 8 in Bishan on Friday as
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    • 453 8  -  It has submitted its application and is likely to launch IPO in Dec By. Andrea Tan HONGKONG-LISTED laminates maker Kingboard Chemical Holdings is eyeing a mainboard listing for its copper foil unit in Singapore. Despite the current bumper crop of initial public offerings (IPO),
      CHRIS LOH  -  453 words
    • 206 8  -  By, Jennifer Lien CREATIVE Technology's online home entertainment mall, hifi.com, has signed an agreement with US Internet giant America Online (AOL) for some prime real estate in AOL's online malls. Under the agreement, hifi.com will have a "gold tenancy" in the home theatre
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    • 279 9 It plans to use proceeds for working capital, repayment of loans Reuters REGAL Hotels International Holdings Ltd said yesterday it would receive about U*****.4 million (*****.6 million) from the disposal of all its hotel interests in the United States to
      Reuters; FILE PHOTO  -  279 words
    • 184 9 Exercise will see all F&B ops come nnder THS (Singapore) YEO Hiap Seng is selling its 40 per cent stake in Yeo Hiap Seng (Malaysia) to its wholly owned unit YHS (Singapore) Pte Ltd as part of its exercise to rationalise its
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    • 265 9  -  Jeanette Pang HONGKONG-BASED Global Tech (Holdings), which distributes cellular handsets and related accessories in Hongkong and China, rang up a 141 per cent rise in net earnings to HK$26O million (Sss6 million) for the year ended Sept 30. Turnover jumped 73 per cent to HK52.73
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  • Page 4 Advertisements
    • 100 4 Formerly a military secret. Finally available to a select few. r r r r r r r A A- A> A' A A jMi J f J I I 1 "4 > f\j IJi A 1 I 1 N 1 1 1 <»ff 1 CAM Hi-1 lit T ONS rANHISIINAt
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  • Page 5 Advertisements
    • 149 5 The Celebration Sale 6 Days of Exceptional Opportunity Mondial's 20th Anniversary Exhibition and Sale. The Grand Hyatt, Mezzanine Floor, Sir Henry Keppel 11. Today Till Monday Only, 11am Bpm. The widest array of stunning jewellery especially grouped for your easy selection. Diamonds, Emeralds, Rubies, Sapphires, South Sea Pearls... select pieces
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  • SINGAPORE markets
    • 192 6  -  WARRANT WATCH -Bi R Sivanithy ONE relatively new warrant that has not been featured here is Armstrong Industrial's 2004 instrument. The company makes moulded rubber and foam products for high-tech industries and has plants in Singapore, Malaysia, Thailand, Indonesia and China.
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    • 468 6 Stocfca Volume Mediating 10c 54,102,000 Golden Agri US10C 30,748.000 Asia FoodiProp US$ 29.969.000 •Qanling Int 15,191.000 AaiaDatorHK15c 12,754,000 Medtoca US5c 9,078,000 Sp Food 5c 8,976,000 Hotung Inv NT5 8,822.000 K>ie5c 6.124,000 BrffentSc 6,049.000 Stocfca MediaRing 10c 67,072,601 I DBSGip 45,251,907 0C8C 38,472.491 UOB 27,346,298 StA 27.162,270 NatElaclOc 23,988.350 SPH 18,546,932
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    • 579 6  -  ■ilcomment STOCKS r.sivanithy LOCAL stocks continued to lose their focus as well as upward momentum yesterday as a second day of forced selling took its toll on mainly the small-cap segment. There was, however, a late burst of buying in
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    • 231 6  -  HOT STOCK By Wong Wei Kong SHARES of contract manufacturer NatSteel Electronics (NEL) turned in a sparkling performance yesterday to close as the session's third biggest net gainer, after management gave more details of its operations in a conference call with fund managers and analysts.
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    • 86 6 Wednesday, Nov 24 ♦Bam. Business Week Chief Financial Officer Forum ♦11.30 am. ERA Realty, ECS Computers (Asia) Pte Ltd, Highway Innovations, Oracle Systems and Sun Microsystems signing ceremony and news conference ♦7pm. SDF (Skills Development Fund) 20th anniversary dinner ♦7pm. 26th annual report award presentation dinner ♦7pm.
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  • Page 6 Advertisements
    • 85 6 HO BEE INVESTMENT LTD (Incorporated in the Republic of Singapore on 8 August 1987) INITIAL PUBLIC OFFERING OF 160,000,000 NEW SHARES AT $0.48 EACH Applications for the New Shares may be made on printed Application Forms referred to in the Prospectus dated 22 November 1999. Applications for Offer Shares may
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    • 38 6 Short of cash to invest 7 Trie c- .::a~n th cur V.v gir -I n 3n:ing l Call OB." estO" Online Jt 323-3955 S3l )[',SBANK Larry Wee's currencies ootnmn li on page 36 J TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING.
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  • Page 8 Advertisements
    • 183 8 Collective Sale of 18 Angullia Park Prime Freehold Residential Site Next To Four Seasons Park Site area: 4,155.7 sq m (44,731 sq ft) Plot ratio 2.8. 30-storeys Exclusive Ctacadan BOuT^ —wihHloe k/ neighbourhood 1 Walking distance to /Four 8»Mom Put J J <^ SS Orchard MRTstation Subject to STB approval
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    • 765 8 Chip Eng Seng Corporation Ltd (Incorporated in the Republic of Singapore on 23 October 1998) Invitation in respect of 125,000,000 ordinary shares of 550.05 each comprising 90,000,000 New Shares and 35,000,000 Vendor Shares as follows:(1) 38,000,000 Offer Shares at SSO.IB each by way of public offer; and (2) 87,000,000 Placement
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  • Page 9 Advertisements
    • 78 9 Collective Sale of Bukit limah Mansion Prime Freehold Residential Site K> «co» PunMiß»—d HD i Mk Timah Itowrf T7% \_J TBrT A Prime Freehold Site area: 1,940.6 sqm Residential Site (20,888 sq ft) 100% Consensus Plot ratio: 2.1, 20 storeys For Sale By Tender Closing: Friday, 17 December 1999,3 pm
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    • 17 9 "-T *v- 5 *V' *V' T'\ 0 '\y h u be the next ho u r kmtssm^.
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  • PARLIAMENT news
    • 481 10  -  They need not be tied to their bank's related insurer, says BG Lee By\ Siow Li Sen HOUSING loan borrowers will soon have a choice of insurers instead of being tied to their bank's related insurer, Deputy Prime Minister Lee Hsien Loong
      FILE PHOTO  -  481 words
    • 395 10  -  The govt's role is to set the policy direction By i Christopher Tan WHILE the government wants multimodal transport operators, it leaves it entirely to the operators themselves to decide how to go about forming such entities. Minister of
      FILE PHOTO  -  395 words
    • 262 10 Redaction in registration dne to keener competition THE Communications and Information Technology Ministry is unconvinced that a merger of the COE categories for small cars and mediumsized cars in April has made small cars unviable. Responding to MPs on the issue yesterday, Minister of State
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    • 532 10  -  New authority will treat all players as favourite sons Byi Carol Eng THE new Info-Communica-tions Development Authority (IDA) will be a fair regulator and will not prefer any "favourite son", said Minister for Communications and Information Technology Yeo Cheow Tong
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    • IN Brief
      • 55 10 INFLATION forecasts have been raised to one per cent for this year, and 2 per cent for next year. This is higher than projections made last week by the Trade and Industry Ministry that inflation will be 0.5 per cent this year, and one per cent to
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      • 60 10 ISSUERS of multipurpose stored valued cards, like the popular CashCarda, are expected to make every effort to identify repay any unused balances on the cards after they expire. Tills is because the Monetary Authority of Singapore, which regulates such issuers, views money in
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      • 72 10 FROM January to October, about 5 per cent of CPF members who use their CPF savings to pay monthly housing mortgages had insufficient funds in their ordinary accounts, litis is against 3.6 per cent for 1996. As at end-October, 62,466 members had used CPF savings
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      • 41 10 THE Business Registration (Amendment) Bill was passed yesterday and the changes seek to update the act and fine-time administrative matters. For example, the validity period of certificates of registration was extended from one year to three years.
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      • 15 10 RETRENCHMENT is expected to exceed 15,000 workers this year.
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  • Page 10 Advertisements
    • 138 10 Alaskan Kins Crab now at XirVs Set Menu m 5548.80 per person Give Your Friends Business Colleagues A Royal Meal Bigger. Larger These monumental crustaceans make an unforgettable feast among friends and a royal meal for business associates. Make your reservations today) Chilled Alaskan Kins Crab In "TeocheW Style Braised
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  • Page 11 Advertisements
    • 573 11 +*4 I t High-performance VVT-i. Higkly intelligent ETCS-i. r jr Suddenly there's no need to compromise on power. r C» 4'' j The relentless pursuit of engines speed and load. I his clever move the accelerator. That means As cornering forces build, an entirely perfection involves a great many piece
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  • SINGAPORE news
    • 440 12 SCAE takes 7J% of Auckland Int'l Airport in a deal worth NZsB7m Reuters [WELLINGTON] Singapore's Changi Airport, one of Asia's busiest hubs, made its first foreign investment yesterday by buying a small stake in New Zealand's international flagship airport, Auckland. In a deal
      Reuters  -  440 words
    • 415 12  -  AMKAntopoint kicks off 10-year plan to relocate 1 9 000 car workshops Reports by Christopher Tan THE first high-rise motor workshop built under the Housing Board's $5 billion industrial estate redevelopment plan opened yesterday. The six-storey AMK Autopoint in Ang Mo Kio Industrial Park
      LIANHE ZAOBAO  -  415 words
    • 270 12 THE Housing Board will sell prototype "wall-less" flats in the upcoming Punggol 21 new town at $9,000-110,000 less than conventional flats of equivalent sizes, HDB chief executive Tan Guong Ching said yesterday. The approximate 4-6 per cent discounts are to reflect
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    • 386 13  -  C=Vd3 on the economy inflation By Jennifer Lien THE consumer price index rose 1.5 per cent in October in year-on-year terms, although the measure remained flat in month-to-month terms. The latest figures from the Department of Statistics, released yesterday, show that the consumer price
      Source: Dept of Statistics  -  386 words
    • 427 13  -  They beat Sydney, Tokyo based on survey of international banks By Wong Wei Kong SINGAPORE and Hongkong are the two most attractive locations in the Asia-Pacific for international banks to set up regional processing centres (RPCs), edging out Sydney and Tokyo, according to
      FILE PHOTO  -  427 words
    • 395 13  -  MAILLEEH Y Woozeer Singapore I DO not agree with Denis Distant ("Clob: Time to clear the smoke", Mailbag, BT, Nov 23). He should not be asking the Stock Exchange of Singapore (SES) or any other regulatory body to put into "cold storage"
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    • 319 13  -  John Tan Singapore I AM tired of reading about the endless go-ings-on of the saga of the frozen Clob shares and that the Kuala Lumpur Stock Exchange is still looking into it. It is hard to believe this, as the matter
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  • Page 12 Advertisements
    • 74 12 S Director Eric Khoos films may well be known to movie buffs at home and around the world. But unlike an actor, a director spends most of his time behind the camera. Thats why Eric carries the American Express® Card. So now, he will always be sure of instant recognition
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  • Page 13 Advertisements
    • 51 13 TW Strait* Tka Cl—MUT—tfa Mai Tangftn Mall, every third Saturday I l of the month, spm 11pm |c*uj i VOLVO a for life VOLVOS HAVE ALWAYS FORCED 1 OTHER CARS TO BE SAFER. THIS ONE S WILL FORCE THEM TO BE BETTER. S •0 :ini-..,n.i.■ s.vi-.ni-. THE NEW VOLVO SBO
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    • 35 13 You can email us at btietterQsph.com.sg, fax to us at *****71, or maS your letter to The Business Times, Times House, 390Kim Seng Road, Singapore *****5. Please give your Ml name, addrees and telephone number.
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  • EDITORIAL & opinion
    • 768 14  -  mm I bottom line OPINION harish mehta The writer is BT's Bangkok correspondent. He is also BT's Indochina specialist LAOS is slipping back to a state of isolation. Singapore's Silkair, Malaysian Airlines, and Royal Air Cambodge have stopped flying to Vientiane, the capital. Tourism,
      768 words
    • 149 14 'Any fool can keep inflation down at the cost of all sorts of other things.' Jim Aadertoa promising to renegotiate the New Zealand central bank's zero-to-3per cent inflation target if his Alliance l*arty forms the next government in coalition with Labour and the Greens in Saturday's elections.
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    • 684 14 EDITORIAL EVER since the economic recovery gathered steam in the second half of this year, hardly a week has passed without a report of an en bloc properly offering. Since June, more than 20 such collective sales have been completed and another 50 are reckoned
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    • 1247 14  -  After a slow start, corporate chiefs are rushing to put the Internet at the core of their strategy Ity. Andrew Hill FT WILLIAM Harrison of Chase Manhattan surfs the Internet for an hour after work every evening; Thomas Frist of Columbia/HCA realised the health
      FT; FILE PHOTOS  -  1,247 words
    • 953 14 Quizzing Wtranto ANY inquiry into the violence which erupted in East Timor in September, sooner or later, would lead to the Indonesian Military (TNI) simply because it was the institution most responsible for maintaining security in the territory at the time. Thus, it should come as
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  • MALAYSIA news
    • 446 15  -  Analysts see fall reinstatement poshing ELSE index to over 1,000 From. Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad received another election campaign boost when the influential Morgan Stanley Capital International said it would now fully reinstate the country
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    • 202 15 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, the country's biggest phone company, said it is eager to find a foreign shareholder as it looks to weather increased competition at home and overseas. "Sooner or later, we'll have to forge alliances," said
      Bloomberg; FILE PHOTO  -  202 words
    • MARKET moves
      • 108 15 SABAH counters came alive yesterday as Prime Minister Mahathir Mohamad visited the eastern state the same day. Investors are hoping that Sabah-based companies, like North Borneo Corp (up 24 sen to RM3.80), Tekala (14 sen to RM1.55), Anson Perdana (14 sen to RM1.39) and CP Bhd (12
        108 words
      • 53 15 TELEKOM Malaysia and Tenaga Nasional, the two largest companies in Malaysia, weighed down the market yesterday. Telekom shed 30 sen to RM11.70, while Tenaga eased 20 sen to RM8.65. If not for the two, the market barometer would have been in positive territory; not 0.62 of a point
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      • 62 15 SOME finance stocks managed to rise despite the market barometer's slip. RHB Capital firmed 28 sen to RM3.54 while Arab-Malaysian Merchant Bank inched up 10 sen to RM8.15. The two groups are now set to emerge as anchor banks following the relaxation of the earlier merger blueprint to
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      • 54 15  -  Compiled by! Eddie Toh UDA Holdings formerly known as the Urban Redevelopment Authority—rose 19 sen to RM2 yesterday despite the lukewarm response at its debut at RM1.50 last week. Analysts expect the property company to benefit from the economic recovery «n<i potential spin-offs from election pledges to
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    • 327 15 KUALA LUMPUR Bloomberg THE central banks of Malaysia and China have agreed to let each other's banks set up branches in their respective countries in a move that will partially liberalise their financial services industries. The pact was signed yesterday
      Bloomberg  -  327 words
    • 1006 16  -  ELECTION Anwar is a non-issne on Chinese-dominated island, bnt looms large in the Malay heartland across the bridge Frtmt Ruth Wong in Kuala Lumpur THE site of an abandoned housing project just outside Penang's capital Georgetown was a hive of activity an hour before
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    • MALAYSIA Briefs
      • 76 16 AFP [KUALA LUMPUR] A Malaysian group set up to monitor upcoming polls claimed yesterday there were "serious deficiencies" in the voters' list and called for a thorough investigation. Kamar Ainiah Kamaruzaman, president of the the Malaysian Citizens Election Watch, cited hundreds of complaints, such as voters'
        AFP  -  76 words
      • 74 16 Reuters [KUALA LUMPUR] Malaysia's central bank governor said yesterday that capital controls will remain "for some time". "We envisage that capital controls will remain for some time until there is discernible normalisation of the currency and financial markets," All Abul Hassan Sulaiman said
        Reuters  -  74 words
      • 71 16 Reuters (KUALA LUMPUR] Malaysia's biggest Chinese-language newspaper has apologised for altering a photograph to remove Jailed former finance minister Anwar Ibrahim from a line-up of the nation's political elite. Sin Chew Jit Poh said a junior sub-editor doctored the 1995 photograph which ran in the
        Reuters  -  71 words
    • 63 16 [KELANTAN] A Muslim lady walking past a replica of an army tank designed by the Islamic opposition Parti Islam SeMalaysia party in Kota Baru. in the eastern state of Kelantan. Kelantan is the only state in Malaysia ruled by the opposition party. As the general election nears,
      AFP  -  63 words
  • Page 15 Advertisements
    • 286 15 Taiwan reweighting to take one year, Pg 22 1 1 .4 V iHR&ri i In Truly great design is all in the J details. Introducing the new Ericsson Ml r JSHHSHH f T2Bs Breakthrough design isn't about J superficial beauty. It's about every part 4- ,mH 1' a perfect form
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  • Page 16 Advertisements
    • 217 16 Formula I.The ultimate proving ground protection and unsurpassed performance, Mobil 1 is V or man anc machine. It is here that the only oil to choose, whatever car you drive. 1 World Champion Mika Hakkinen drove Now for a limited period only with any 4-l'ter his McLaren Mercedes car to
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  • Page 17 Advertisements
    • 282 17 Page 17 HOW 10 WML Wl HfU YOUTHE MIUENNIIIM SPARK YEAR 2M For this season, all items displayed in our counters are marked down to Nett Prices. Diamond Industries Pte Ltd, Main Hall, 5 Harper Road, There is no room for further discounts. Even if the boss's sister were to
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  • Page 18 Advertisements
    • 149 18 Take control of your money. Online banking may not be a new concept, but here's one that'll knock the others off the desktop, so to speak. It's Citibank Internet Banking. One click is all it takes for you to perform more banking transactions, faster than ever. Apart from all the
      149 words

  • SOUTH east asia
    • NOTE Book
      • 42 19 AFP (JAKARTA] A group of Indonesian farmers yesterday filed a lawsuit against former president Suharto saying they were illegally evicted from their land, and are seeking to add their case to a court battle with Time magazine. -r-AFP
        AFP  -  42 words
      • 49 19 Reuters [BANGKOK] The Thai opposition plans to submit a no-confidence motion against Prime Minister Chuan Leekpai's administration today, but the government is confident it will survive. The opposition says the motion will focus on massive non-performing loans held by the state-run Krung Thai Bank. —Reuters
        Reuters  -  49 words
      • 38 19 Bloomberg [BANGKOK] ING Baring Securities (Thailand Ltd) bought a seat on the Stock Exchange of Thailand for US$3.6 million (Ss6 million). It won the seat in an auction organised by the Thai government.—Bloomberg
        Bloomberg  -  38 words
      • 77 19 AFX-Asia [BANGKOK] Total Access Communications (TAC) Pic will halve the price of its mobile phone handsets next year to lift its subscriber base to betweeh 120,000 and 150.000, the Bangkok Post quoted TAC vice president Jaturon Himathongkom as saying. Alter suspending investment for some
        AFX-Asia  -  77 words
    • 268 19 JAKARTA AFP MORE than 200 trillion rupiah (Ss46 billion) worth of government bonds issued to finance the recapitalisation of Indonesia's ailing banks will be traded for the first time next year, a report said yesterday. The trade will be introduced in stages
      AFP  -  268 words
    • 537 19  -  Move hints at political battle for control of bank restructuring agency From Shoeb Kagda in Jakarta AFTER weeks of speculation, Indonesia yesterday announced that it was placing the powerful Indonesian Bank Restructuring Agency (Ibra) directly under the wings of the president, in a hint
      537 words
    • 607 19  -  US soft landing, sustained Japan recovery assumed From, Anthony Rowley in Tokyo THE Asian Development Bank has issued an extremely upbeat assessment of Asian economic prospects for this year and into the new millennium, raising its growth forecast for 1999 to 5.7 per
      607 words
    • 451 21 HONGKONG Investments fall on fears of conflict with Indon military Bloomberg, AFP, Reuters THE Indonesian rupiah fell yesterday as investors reduced their investments in the country on concerns that calls for independence in Aceh province may lead to conflict with Indonesia's powerful military. But in
      Bloomberg,; AFP,; Reuters  -  451 words
  • Page 19 Advertisements
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  • Page 20 Advertisements
    • 61 20 Online stock trading in regional markets. iGohl^^^H a w r •>w&T^r*' likj^Bllflß^ *V^; "Vij--i3>J \H \yr*>&'■' <: '^%M;-MS%W; v tf you want wai& tor V4ffeittik>r«*Mv' i %K^i»^i*^fcai--**i^at»i^^' MP you on w^o^ Hong Kong, at the qHck of 9 button, the stock's yours! No hassle, no waltina time. Test drive rf?>
      61 words

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    • 404 21 t i 1 The A fast-paced 12-month full-time MBA modelled after the Sloan Fellows NAN YANG programme at MIT. Three trimesters in Singapore followed by six j j weeks at MlT's Sloan School: a powerful mix of East and West. A J//)fI team dissertation on an Asian business project or
      404 words

  • EAST asia
    • 249 22 HONGKONG Reuters HONGKONG real interest rates have eased by more than 2 per cent since their peak a year ago and its real prime rate should fall to 6 per cent by end-2000, according to Nomura International. Contrary to the
      Reuters  -  249 words
    • 339 22 TAIPEI Move aims to avoid market dislocations; investors, Taipei regulators consulted Reuters MORGAN Stanley Capital International said yesterday that its hotly awaited reweighting of Taiwan's stock market in its global indices will be phased in slowly over a full year to avoid
      Reuters; FILE PHOTO  -  339 words
    • 416 22 HONGKONG It's in better position than Vodafone, says HK shareholder Bloomberg HUTCHISON Whampoa Ltd, a Hongkong company set to become the single largest shareholder of Mannesmann AG, said it supports a decision by the German telephone company to reject a hostile takeover bid from
      Bloomberg  -  416 words
    • 335 22 TAIPEI FT TAIWAN appears ready to end its D-Ram battle with the US and observers are linking the move to the island's efforts to join the World Trade Organization (WTO). Taiwanese manufacturers of D-Ram memory chips breathed a sigh
      FT  -  335 words
  • Page 22 Advertisements
    • 120 22 KM safcV-.. .J- ji ,/X-'r-O IHBI ..i A 4t\fj9~ Jt%t■ fj y 1 7 'djSß '",V, MP. •■•aßWfffcS*>#v.^ Mix match Presenting Canadian Airlines' Sun, Snow Cruise Vacations the package holidays that let you mix match your travel plans to to fit your style suit your own travel style. Enjoy the
      120 words

  • SOUTH asia
    • 451 23 BOMBAY i s Knmar&com's 10b rnpee project a bid to kick-start »e-commerce in India, f bypassing shortage of phone lines FT AN Indian company is to set up a nationwide satellite-based e-commerce network that would allow millions of Indian consumers to purchase goods
      FT  -  451 words
    • 74 23 [PUSHKAR, India] A RAJASTHANI nomad waiting for customers to buy his camels at sunset in Pushkar during the annual cattle fair, in the Indian desert state of Rajasthan. The annual fair attracts Rajasthani nomads to sell and buy camels and sheep. People also come to the
      REUTERS  -  74 words
    • 428 23 ÜBOMBAY Analyst: Sector will outperform stock market as a whole Reuters INDIA'S cement shares are expected to continue rising steadily this year, driven by increased consumption in a quickly growing economy. After a three-year economic slowdown, cement firms are poised to post higher sales
      Reuters  -  428 words
    • 330 23 ISLAMABAD Process forms part of USs&3b Paris Club restructuring Reuters GERMAN creditors held rescheduling talks with Pakistan yesterday as part of a US$3.3 billion (555.5 billion) Paris Club restructuring that has to be wrapped up by the end of the year, government officials said.
      Reuters  -  330 words
  • Page 23 Advertisements
    • 496 23 isn't it time you invested in a plan that gets results like these? The future. We all need to plan for it. The question to you best? And which one to deliver the returns you need? an easy Chartered's Investment just been listed as the world's most innovative investment products*
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  • Page 24 Advertisements
    • 38 24 SKAfe ?<;■ B. I s I Bf H I I 1H I fl^^vf I I I |-j lIKUIIVI lltlDlNllt I *ISII) I N CI S I I *,T5 Cafenhtil 3 *r^^%'^^vsh?^%#u'.*>/*- •dHHHI' -*v.*.. *>• .41 -A-s>v> -.4. *.>*„.■ «JBR! *&?/s*-- -.fe^t^?#^BKßl
      38 words

  • WORLD news
    • 283 25 SEOUL Bloomberg SOUTH Korea's jobless rate fell to a 21-month low of 4.6 per cent last month as retailers and manufacturers hired more staff to help handle the increase in demand brought by faster economic growth. A total of 155,000 jobs were added last
      Bloomberg  -  283 words
    • 532 25 SYDNEY Economistspolled cat year-end forecasts to 62.50-6&50 US cents Bloomberg THE Australian dollar, the world's top-performing currency against its US counterpart until early October, has fallen 4 per cent since then, to 63.76 US cents yesterday. The fall came as jittery foreign investors
      Bloomberg; Source: Bloomberg  -  532 words
    • 277 25 WASHINGTON Economy will grow by 0.6% current fiscal year, up to L7s%inthenext Reuters A TOP Japanese official said on Monday that growth prospects in the world's sec-ond-largest economy may be brighter than previously forecast, helping to boost the yen's fortunes in jittery foreign exchange markets.
      Reuters  -  277 words
    • Article, Illustration
      45 25 [SYDNEY] Now here's a handphone that's chic enough for your Fendi handbag. Supermodel Naomi Campbell yesterday launched a new line of Nokia cellulars in Sydney's swanky Queen Victoria Building. She is on a three-day visit to Australia her first to the country. REUTERS
      REUTERS  -  45 words
    • 119 25 SEOUL Bloomberg DAEWOO Group's Korean lenders will extend a moratorium on the companies' debt another month if an agreement to reschedule payments can't be reached by tomorrow's deadline, an official at the Corporate Restructuring Coordinating Committee said. The committee, which represents 210 Korean financial
      Bloomberg  -  119 words
    • 570 26 FRANKFURT Schroeder willtry to negotiate rescue package for company with banks AFP Bloomberg PHILIPP Holzmann, a 150-year-old German construction giant, filed for insolvency yesterday but Chancellor Gerhard Schroeder said immediately that he would go to Frankfurt to negotiate a rescue with the
      AFP; Bloomberg  -  570 words
    • 474 26  -  Differences will now be left to ministers to resolve in Seattle From D Ravi Kanth in Geneva WORLD Trade Organization (WTO) director-general Mike Moore and his team have given up after months of haggling on a plan to prepare a draft road map
      474 words
    • 294 26 WASHINGTON Reuters NEW orders for costly manufactured goods tumbled unexpectedly for a second straight month in October, led by a big drop in demand for electronic and electrical equipment, the US government said yesterday. The value of total new orders for durable goods
      Reuters  -  294 words
    • 207 26 TEHERAN Bloomberg, Reuters THE Organisation of Petroleum Exporting Countries will not boost output to compensate for a disruption in shipments from memberstate Iraq, though it could act if the situation lasts more than two weeks, an Iranian oil official said. Still, crude
      Bloomberg,; Reuters  -  207 words
    • 409 29 WASHINGTON Options offer buyers insurance against markets drying up doe tothe 'bog' FT 'THE New York Federal Reserve has sold almost US$37O billion (*****.1 billion) in "liquidity options" to leading banks in an effort to quell panic about the millennium
      FT  -  409 words
    • 370 29 But watchdog will continue to give guidance to industry Reuters fWASHINGTON] A Federal securities regulator said on Monday new regulations for booming online stock trading might be premature despite fears customers are not getting the best investment advice. Securities and Exchange Commissioner Laura Unger
      Reuters; FILE PHOTO  -  370 words
    • 197 29 MONTREAL Bloomberg ALCAN Aluminium Ltd shareholders overwhelmingly approved the company's planned US$ll.B billion (5519.7 billion) purchase of France's Pechiney SA and Swiss-based Algroup's aluminium and packaging units, moving closer to creating one of the world's two biggest aluminium producers. At a meeting in Montreal, more than
      Bloomberg  -  197 words
    • 255 29 AMSTERDAM FT WORLD Online, a Dutch provider of Internet access in 15 countries, intends a public offering early next year, with a target valuation of 4 billion to 5 billion euros (556.9 billion to SsB.6 billion). Nina Brink, founder and chairwoman, said
      FT  -  255 words
  • Page 25 Advertisements
    • 194 25 > $MH ?i ?f M ff^ff/ 1 -J"-; -1* ~zx* **r*?w? i i 4te-'.-*-'v's? --J^&srfA} BBHjflfiMsfij|j|||^^ I 1 I I 1 1 1 liirrTrolt f:t»v ■1^ .<• f .4 w r -^j r> !4''■*-^E^ <v y •<%'.>• MB *J a •V--r- >--'-iigi#^ j| l-. i ffilM I, i^m—'l "liniiliiiiiTTrffliiittl^<j^M|SmßMßWjjl|M|^Mß[^MH^M Style.
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  • Page 26 Advertisements
    • 105 26 THE BUSINESS TIMES MOET CHANDON SPIRIT OF THE CENTIJRY" NOMINATION )>S which we with Singapore arrdTtfe worl^. we seek to give outstanding contributions to Singapore in al least one of M Mowing THE BUSINESS CHANDON I Social Work "THE SPOUT OF THECENTIfRY" Sports I hereby nominate the foflowtng individual: Professional
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    • 745 26 KALFARM FINANCE LIMITED (Incorporated In tha British Virgin Islands wtth llmttsd liability) ("KaHarm") PTKALBE FARMATDK (Incorporated In tha Republic off Indonasls wWi limited liability) (ths "Guarantor") NOTICE TO THE HOLDERS OF THE UJ4100,000,000 GUARANTEED FLOATING RATE NOTES DUE JULY 1909 (tha "Notes") No tics of Mooting Notice is hereby given
      745 words
    • 7 26 |catjSl| Buy It. Sett It. Find It.
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  • Page 27 Advertisements
    • 91 27 e-ideas e-tools e-success I I I K» >?t4» Tir ill Before you can have e-anything you need an SNetWOfk from 3Com. ';s£' V v jj^\x"j ■■■■■■MaM i Before you can even contemplate the simplest tasks in e-business, you need a strong network behind you. 3Com e-Networks. Can we build one
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  • Page 28 Advertisements
    • 525 28 10 Cheers! EUROPA "Dennis Foo has been an entrepreneur way before the word was fashionable; someone who started swimming with the sharks and walked the tightrope without a safety net. With his eyes focused on the bottom line, he has weathered challenges and tasted defeat. That is why the taste
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  • Page 29 Advertisements
    • 71 29 38 DAYS Mhk Hi M*., Game with France Target identified. 30 metres air borne. Hands on trigger. Focus. Aim. Bong! Ah, delicieuse with herbs and peppercorns. Match it with the fresh taste of France. Touch down: 18.10.1999, 0955 hours. Pop! Sip and enjoy. I E RI Dl EN iiiMl IT
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    • 545 29 JUBHHI SLIP AWAY TO A WORLD OF EXCLUSIVE PRIVILEGES Enjoy the added value erf our newly-created Meritus Room category. For just SJl7o+++ a night, you can be transported to a place where antique Oriental replicas and complementary chic European designer furniture take over. Begin your day with a complimentary breakfast
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  • Page 30 Advertisements
    • 1059 30 NOTICES To advertise call toll-tree 1800-741 1883 Fa* No: 741 1298 PROGEN HOLDINGS LTD f&A (Incorporated in the Republic of Singapore) ■Ailidß I PROGEN I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of I Progen Holdings Ltd (the "Shareholders")
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    • 2072 30 Harvey Norman HARVEY NORMAN OSSIA (ASIA) PTE LTD (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFER FOR PERTAMA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Introduction Boa,^°' D ec,ors n*™* No,man Hotdngsumrted ("Harvey Norman') announced to the Australian Slock Exchange and the New Zealand Stock Exchange and the
      2,072 words
    • 872 30 IN THE MATTER Of THE COMMUNES ACT. CAP M ANO m IN THE MATTER OF SEAPEX MARITIME AGENCY PTE LIMfTEO IU Maihlmm 1 Mnlnl iani^aHna\ Wwfnu»i# vomnisiy li^iihiiohi MEMBERS VOLUNTARY WINOING-UP At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 9 Temasek
      872 words

  • FINANCE & commodities
    • 266 31  -  SSMSSLReports MOT Twtor Daphne Tay, Jardine Fleming THE Singapore stock market closed lower yesterday on lack of institutional participation and fresh market leads. Newly-listed Mediaßing and small-cap issues topped the actives, providing liquidity to an otherwise listless market. Banking counters came under seUing pressure following
      266 words
    • 161 31  -  MSCI Taiwan ftitnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract inched up slightly by 0.3 point in the November contract while the Taiwan Weighted Price Index lost 6.12 points. Taiwan financial shares rose on news governmentbacked
      161 words
    • 236 31 ENERGY REPORT Reuters [LONDON] OU prices dipped as dealers guzzled profits yesterday but markets stayed close to nine-year highs hit after Iraq announced it was suspending exports. Benchmark Brent crude was trading 15 cents off at U5525.63 a barrel at 1230 GMT, just
      Reuters  -  236 words
    • 340 31 Reuters ixmdon GLOBAL fixed income fund managers cut their currency exposure to the US dollar to the lowest levels recorded since 1991 in the three months to November, a survey by US investment bank Merrill Lynch showed. But analysts at the firm said the likely result of such
      Reuters  -  340 words
    • Article, Illustration
      1179 31 ItTERBAMR CROSS RATES Nov23 —g a P" m yw m M msra* Nw s$ni sir wn —k uss CaMflT 1073 0936 tS5 n°£!? VS VS 0676 7 W 2426 L25I 33.103 25.884 1064 3.909 0.9(7 20.417 24.693 0293 0.637 0189 0176 A T« nltj n «2 A" 3 7 995
      1,179 words
    • 1762 31 8IC0M FUTURES Nov 23 RUMCR (Mara desk* m atUOM) KSSICONTtACT(ScMtsAg) CtoM Voiww Open M—Mi M«ft Uw Soft (to—s) lutornt OK 99 113.50 JM 00 HS.50 600 Fife 00 119.00 100 MV 00 ***** 100 RSS3C0MTRACT (UScwtsAq) Votom# OpM Mont* Nhjii Low Soft (tOMNS) totarost OK 99 67J0 67.50 67.50 70
      1,762 words

  • STOCKS east asia
    • 2838 32 HONGKONG Reuters, AFP PI Hang Sen& +108J7 HONGKONG shares rebounded from early weakness yesterday, gaining 0.7 per cent on late selective buying, on the back of overnight gains on Wall Street, dealers said. "The rebound is due to selective buying on a couple
      Reuters,; AFP  -  2,838 words
    • 352 32 AFP QWFbfax J -U2 TAIWAN share prices closed 0.1 per cent lower in volatile trade yesterday as investors locked in profits from a long rally, dealers said. The Taiwan Stock Exchange Weighted Price Index moved down 6.12 points to 8,046.19, compared to a 1.9 per cent rise in the
      AFP  -  352 words
    • Article, Illustration
      995 32 Reuters, AFP n Shenzhen B Index -0.77 SHENZHEN'S B shares closed lower yesterday due to a lack of confidence in listed companies' earnings prospects as the end of the year draws near, analysts said. The B Share Index shed 0.77 of a point, or 0.9 per cent, to 84.17
      Reuters,; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  995 words
  • Page 32 Advertisements
    • 55 32 the paper that made ■■H2U^titiifc££EGEniES3[OEECB2EI!]3BHIHHHHHHBHEI The Tokyo stock market was closed for a national holiday yesterday BUY<* SELL* FIND** Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it, sell it or find it with the Classified. TOLL FREE ffejjk 1800-737-1166 Si s
      55 words

  • STOCKS klse
    • 429 33 AFP D Composite Index jjj MALAYSIAN share prices slipped slightly yesterday in mixed trade amid selective buying and profit-taking ahead of the Nov 29 general election, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 0.62 of a point to finish at
      AFP  -  429 words
    • 8259 33 industrials Cmswmt products 1999 Last Vol Day Net Cap High Lao Company Sala 'OOP High Law P/C imU 440 255 Ajinomoto 310 8 310 310 19.7 125.6 174 46 Angkasa 92 2 7 92 91 135.7 404 220 Apollo Food Hlg 320 8 4 320 320 7.6 128.0 294 115
      8,259 words
  • Page 33 Advertisements

  • SGX clob & regional stocks
    • 3191 34 BOMPS WARRANTS Nov 23 VI Vrats fjpftry U Wmk U»t Vtl tor UstOMto M iMrt Cwv Catr CmHI M0 Lew Mm Ci—m Ml «ar- COM) N» la- M« lata Pta MIIM Mo <%| tartm%2 UN t04 10.5 3160 *Acer W*****1 US$ 40.5 unch 92 40.5 40.5 40.5 41 33.1 1
      3,191 words
    • 308 34 AFP n Composite Index -183 THE Korea Stock Exchange Composite Index closed down 3.83 points at 974.05, after a volatile session. Volume was 274.4 million shares worth 3.7 trillion won. —AFP ■Mil «M MMS«M ***** SO BrtmTach 2STS -25 Central Bank 2920 -130 ChoilComm KMOOO 3000 DwUM 4190 10
      AFP  -  308 words
    • 284 34 AFP n Manila -5.44 PHILIPPINE shares closed 0.3 per cent lower yesterday due to growing concerns over the economy, dealers said. The Philippine Stock Exchange Composite Index fell 5.44 points to close at 1,956.63. Volume rose slightly to 14.7 billion shares worth 2.1 billion pesos. AFP hH <000> MRC
      AFP  -  284 words
    • 283 34 AFP Q Wellington +127 NEW Zealand shares closed 0.2 per cent firmer yesterday, thanks to Telecom and the sale of a stake in Auckland International Airport Ltd to a Singaporean operator. The NZSE-40 Capital Index rose 3.27 points or 0.2 per cent to 2,107.89 on heavy turnover of NZ5215.5
      AFP  -  283 words
    • 585 34 AFP n All Ordinaries -L 7 AUSTRALIAN share prices closed marginally lower yesterday due to some profit-tak-ing, dealers said. The Australian Stock Exchange's benchmark All Ordinaries Index closed down 1.7 points at 3,061.4. The All Industrials Index rose 4.3 points to 5,301.7, while the All Resources closed 9.9 points
      AFP  -  585 words
    • Article, Illustration
      795 34 AFP □set latex THAI shares closed 0.2 per cent lower yesterday in quiet trade, hampered by a lack of significant factors to influence the market, dealers said. Foreign investors stayed away amid concerns about the possible impact of the Y2K computer bug, they said. The Stock Exchange of Thailand
      AFP  -  795 words
    • Article, Illustration
      706 34 AFP C 3 Composite Index -1L72 INDONESIAN share prices closed 1.9 per cent lower yesterday due to a lack of incentives that led to profit-taking in several blue chip stocks, dealers said. "There's no positive moves to drive the market," said a dealer with a regional brokerage. The Jakarta
      AFP  -  706 words
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  • 8948 35 MAIN BOARD Transaction date:Nov 23 Gr Cr M Wt 52-Wk L<il Vol Day Last Ouott Dlv Dlv YM Mat Cap Avg High Law StNo Company %tf COOO) Mft L— «a—t H Cw Pft $mll Price MULTI-INDUSTRY 182 17.5 in b 1000 Acma 50c 118 -4 643 124 117
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  • Page 35 Advertisements
    • 73 35 To overcome an y obstacles, toughen up with the Grand Vitara's powerful V 6 engine. Ml With our attractive packages, it's a steal of a deal. Get the taste of adventure our sporty new come for a Champion Motors Singapore *****2. Tel: m 9773/4. #SUZUKI J. n nc hcape Cnmpam
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  • MONEY matters
    • 1043 36  -  l-ljcomment CURRENCIES But euro, A$ and are vulnerable as the yen gains strength larry wee THE biggest event to influence financial markets over the last week must surely have been Wall Street's unequivocal thumbs-up to the Fed's decision to take back the last
      Source: Reuters; Source: Hypovereinsbank  -  1,043 words
    • 756 36 But trading band could widen to &5, with little impact on Asian currencies THE arguments for a yuan devaluation have been based on a worsening balance of payments (BOP) predicament and a flagging growth trajectory. But these have to be reviewed. China now
      756 words
    • 542 36  -  Region seeing solid rebonnd in industrial production By\ David Cohen The author is director, Macro-economic Forecasting, MMS Standard and Poor's THE flow of third-quarter gross domestic product (GDP) reports from Emerging Asia has and will testify to an impressive continuing recovery from
      REUTERS  -  542 words

  • Page 37 Advertisements
    • 625 37 Where to wine, dine and entertain..."""* Offering the lowest interest rate in town 290 4545 76 Braa Basah Road, Singapore *****8 Td: 338-8333 Fui 339-6866 Web Site http://www.caHton.coiii.ig E-mail: Re«tauranu4Carlton^om.sg Lll HSIAMi Llll I Allson Grand Menu 8-Course Set Menu at Only $29.90 per person (minimum 4 persons) 1 From
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    • 138 37 mmm tobsters, savoury honey-glazed %!c*'Beef and many more mouth- Lunch: 12 noon 2.30pm Dinner 6.30pm 10.00pm Reservations: 831-6271/88 i ~3r tfsi/tilin/i UJ Sutt/nporr j OM A. MUI 111 < ViharH Kivid, trc 11JU167 W: 717 4411 Kim: 712 2 Mil Bu-P£gf P'mugv: TUurs>*vy, 2SW\ Noy/embgr, 1111. Traditional Roost Turkey served
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  • Page 37 Miscellaneous
    • 963 37 I»lhitti 1 MTffa^——^— rr■■!■! ■12 my Twins. «-00 See Thurs Schedules. 12.45 PMInfoTVI. 830 Showbuzz. LOO Bisnes Malaysia. I ml nn S Va i u S Crimewatch. 1H»»1» 2.02 Kembara Jalur Gemi jL 4.00 Kidz Blitz. Here s Hum- News 5 Tonight. LOO PM Response TV. lang B h I
      963 words
    • 290 37 CRYPTIC CROSSWORD ACROSS 4 It is extreme carelessness to gel 1 Young crab (6) 12x1 2 incorrect (5,10) 4 Leave country to let one's hair 5 Climbers win become attached to down (2,2,4) this in training (7) 8 Unable to take the long view with 6 GokJ and diamonds provided
      290 words

  • Page 38 Advertisements
    • 381 38 ;^B £jrijmf4 BL jBB \1 ~~WL rirfflfci ■■■■■■■■■■■■■bhbbbbbbhbbhhbhbbbbbbibbbbbbbhbhbbbbbbbhbbbbbbbbhbbbp- fw >- f V f 4. It's not enough to grow Introducing the Millennium your most precious assets. Wealth Manager. T 9 t What does the new millennium hold for you and your family? Only The Citibank -■-1 llTTpOrt tint to pr0S0I"V0
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  • SHIPPING TIMES
    • 280 39 Bridge News, Reuter THE dry cargo freight market got to a sluggish start on Monday, although caper rates remained steady and some fresh business was quoted from Japan despite a holiday there on yesterday, brokers said. Panamax conditions were easier in the Atlantic and brokers spoke of a
      Bridge News,; Reuter  -  280 words
    • 262 39 IMP 1 III II Umn *h <m SSaafT. ?1o -o'o6 2614 Cpscpkwoamairt 126 -0.01 143 fntaMLM* CL33 -0.02 090 68 Holdings LOO -O.OS 89 HaiStaHup 0.75 -0.01 2180 «c immmi-HK mo unch o JayaHoldings 1.39 uneh 9330 Jorgng Shipyard 5.50 -0.40 228 NaapwCarp 436 -0.02 1266 MppalFlLS 1.42
      262 words
    • 445 39  -  Marcus Hand [SINGAPORE] Yokohama Port is spending 25 billion yen (***** million) on a new cruise terminal to be ready in time for "World Cup" cruises between Japan and South Korea in 2002. The Japanese port is also attempting to attract Asian
      445 words
    • 421 39 But company says outlook for the remainder of the year looks mildly positive Bloomberg [LONDON] P&O Nedlloyd, the world's third-largest container shipping company, said third-quarter operating profit fell 46 per cent, as average revenue per container declined and fuel prices rose. The company, a
      Bloomberg; FILE PHOTO  -  421 words
    • 831 39  -  STRAIT TALK By\ Seafarer TWO weeks ago Seafarer mentioned several recent accidents including the reefership Dole America's collision with the Nab Tower off the south coast of England. Since the Nab Tower is a substantial stone edifice it emerged from the encounter, as far
      831 words
    • 226 39 Bloomberg [BANGKOK] Regional Container Lines, one of Thailand's largest shipping companies, plans to seU about one billion baht (Ss43 million) of bonds privately within two weeks to pay aff existing debt and invest in new projects. The bonds will be targeted at
      Bloomberg  -  226 words
    • 179 39 [SINGAPORE] Yemen's two main ports in Aden and Hodeidah yesterday resumed op erations after a strike on Monday by hundreds of port workers demanding higher wages. Union officials said the workers went on strike after the failure of talks with the transport ministry over higher
      179 words
    • AIRLINE industry
      • 727 40 Repression is unmentionable as to admit even a slight problem is to risk losing one's job AFP -1 [WASHINGTON] M IRLINE pilots have to submit to regular comI, petency exams 2 and physical > tests, but when it comes to men- tal health problems they are
        AFP; FILE PHOTO  -  727 words
    • 189 40 PACE Dongnama 3 ACL 6 00tHn 7 MIL 3 ECL 4 Accord 8 ECU Line 6 Appenship 5 Evergreen 6 Austral 8 foongSun 8 Balaji Shpq 5 Clink 4 BSA 7 Gemartrans 6 B'tang Mas 8 Hanqli 7 CCNI 7 Han|in 3 CMA 8 Heung-A 4 COSCO
      189 words
    • 20361 47 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 04/12 29/12 MOL P 0 NED SAN JOSE 7504A 65 *****86 To ABIDJAN (ABJ) 2003 Cot* D'I voire os/12 31/12 H
      20,361 words
    • SHIPS IN PORT
      • 709 53 Vessel Voy No Berth Arrival Departure Bt mom Jay ***** J01 23/11/8:00 23/11/1200 BfHB 4180 1499 J01 23/11/8:30 23/11/1800 si CWKOC *****9 J12 23/H/8K) 23/11/1900 SAwcmtrjl DCC-99 J03 23/11/8.30 23/11/23:59 Btlestari I *****9 J01 23/11/10:00 23/11/231)0 B(||«k NOV-23 JOI 23/11/1000 23/11/23:59 ft Sue III «199 JOI 23/11/10:00 23/11/2359
        709 words
      • 2040 53 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From AC ISWAN 3*0£ 25/300 2A 22/1700 23/045* 23/0100 2* 22/1700 21/06* 23/0900 3 23/0700 23/115* 23/1400 23/1200 23/M5* 23/1700 tfl M.MM0M M 25/500 S 22/1700 23/0*5* 2V0*00 21 22/1700 23/065*
        2,040 words
      • 93 53 Nov 25 United States: Thankgiving Day. Deo 8 Italy: Immaculate Conception. Dec 0 Brunei: First Day of Fasting. Dec 23 Japan: Emperor's Birthday. Dee 25 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas
        93 words
      • 791 53 THIS report, compiled by Cockett Ma rine 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 average sized stem. Market movements are indi cated. The Cockett Bunker Price Index change
        791 words
      • 474 53 Carbon HO Mu 991.2 12 17 J O.D 79 0.09 ■m M D*n*it« Water Residue lit Aluminium Sediment "0 Above E25 1 1 10 I ***** 222l '2201 aw.— Mm™ Avc 983.7 OJ 13.4 0.07 25 0.02 Um. 380 Mu 993.4 0.7 18.1 0.12 54 0.04
        474 words
    • AIR & LAND transport
      • 365 54 [CALGARY] Canadian Airlines Corp plans to respond to Air Canada's Cs92 million (Sslos million) takeover offer by the end of the week, an airline spokeswoman said. Calgary-based Canadian, with its cash reserves dwindling, faces bowing to Air Canada's advance or, in
        365 words
      • 172 54 AFP [BERN] A top Russian prosecutor met Swiss federal prosecutors on Monday as part of a joint probe into suspected moneylaundering by senior Aeroflot executives, judiciary sources said. "We hope to help the Russian judicial authorities carry out all sides of this inquiry,"
        AFP  -  172 words
      • 370 54 Its report confirms that this year will be the worst ever for air traffic delays Reuters [BRUSSELS] Air traffic delays in Europe continued to worsen in the third quarter of 1999. the Association of European Airlines (AEA) said on Monday.
        Reuters; FILE PHOTO  -  370 words
      • 492 54 Reuters [DUBAI] Saudi Arabia has signed a US$l.94 billion (553.2 billion) loan deal with foreign banks to help finance its purchase of airplanes from Boeing, an official from lead arranger Chase Manhattan said yesterday. The official at Chase's regional headquarters in Bahrain said
        Reuters  -  492 words
      • 1865 54 Ctrr FLIGHT ETA FUCHT ETD $***** 2359 Ma MM G *975 1520 Fafcaata $0989 1750 $0990 0125 AMatot AN8230 1905 fni|i>ii $0403 1910 C2352 0835 LH6381 1905 C2351 2045 $0*04 106 ***** 1905 NmmI VW741 1310 ¥*****42 0905 Aasttrtaa m.0843 0525 U.0838 2335 S0vm76 »35 6A975
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      • 355 54 A commercial launch after Dec is not ruled ont, says weekly Reuters (LONDON] European planemaker Airbus Industrie will decide next month whether to begin seeking preliminary commitments for its proposed A3XX superjumbo aircraft, industry weekly Flight International reported. A full launch
        Reuters; FILE PHOTO  -  355 words
  • Page 39 Advertisements
    • 71 39 ANNOUNCEMENT WE WISH TO INFORM THE SHIPPING COMMUNITY THAT WITH IMMEDIATE EFFECT, TMI SHIPPING PTE LTD HAS CEASED TO BE OUR AUTHORIZED SINGAPORE AGENT AND IS THEREFORE NO LONGER AUTHORIZED TO ISSUE OUR "TRANS MARINE INTERNATIONAL" HOUSE BILL OF LADING. WE TAKE THIS OPPORTUNITY TO THANK TMI SHIPPING PTE LTD
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    • 656 40 Lhi services represented hfms«s\ h* 01 Registry o» Members o< the \|KajW/ Accradtod Shipptng Agents. Singapore Freight Forwarders Sfrore National Shipping Asaoc Association Q ULY UNE MAIS Ivissa VOY IHA flu iu P. KIAN6 SPOtl mil Princess Lily V 1099 25/11 27/11 06/12 Princess Lily V 1199 12/12 14/12 23/12
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    • 1080 41 TO EUROPE FROM EUROPE rasa vot I aw m w mm wv sou fit uh| Ivcsa vot I rtm urn hah m sou fit leh an INMKS SS»W 75/11 11/11 1 J/12 14/11 11/12 APLALMANUNI 3111 M/ 11 03/11 04/11 01/11 25/11 RKK& 530W 24/11 12/12 14/12 17/12 11/12 NOLCYPtME
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    • 432 41 I FULLY CONTAINIIIIIP PIPICAf P lIIYICBI VBSa DOT SIM PI6 WT SIM Htt US> PUS 1 VOT Isw LB Irasa w |ss| JW HYUNDAI SPPOTB 033S 24/11 03/1? OS/12 07/12 00/12 HOWGK&WG I fftS I ?l'll I 30>j 1 I m X/ 12 I I mil 0021 24/1) 27/11 01/12
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    • 1521 42 DSR-SENATOR LINES 3t) UK/CONTINENT TO MEDITERRANEAN/CANADA ii I If I —y—m I I I I I nssa voy sm im rtw out ham mv flx vtssa voir sin on spi his wx mth IIMUM PORTLMO 0036W *11 S3 12 Ml 2 Hl2 >7 12 0112 Ml 2 aNZMOOUN 0938W 1(11
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    • 975 42 tkAM MAC-NELS S'PORE M'SIA (TTTTTTi Carrier: MN CONTR UNES, INC p.guoang: (07)*****28 I~I\V J CWOBO.UIIBTBBOBBR SBU: (084) *****9 MAMLA: (832)*****24 PENANG: (04) *****38 BANGKOK: (882) *****57 SURABAYA: (31) *****11 P. KELAMQ: (03) *****77 JKT: (21) *****46 KUQBWQ (082) *****1-3 DUBAI MV "XIANG HE" VOY 0148W ETA SIN: 3-12-99 Also accepting
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    • 593 42 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMMI S PORE N. SHEVA COLOMM PKLAMC TARPON SILVER VII7W 21 NOV M OEC 11 DEC 12 DEC TULSIOAS V.IIIH II OEC M OEC II DEC 71 DEC CAPE CANAVERAL VIISW M DEC 14 OEC 21 OEC IS OEC TARPON SILVER VIMW 17 OEC 25
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    • 1832 43 [vessel vov khh hkq sin pkq pqb dxb dmm ba I bik IRAN TABATABAEI PCL-130 24/11 26/11 30/11 01/12 10/12 11/12 12/12 14/12 19/12 IRAN SATTARI PCL-131 01/12 03/12 07/12 06/12 17/12 18/12 10/12 21/12 23/12 IRAN BAAKERI PCL-132 06/12 10/12 14/12 16/12 24/12 28/12 26/12 28/12 30/12 IRAN TEYFOURI
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    • 969 43 SflHiag to Mm hMM, 1 Dfibwti (Via MM) IT-Jtl I lOIOMNSONID 111: 226 1900 FAX:*****08 OUIWWDII/U I SHIPPING fit LTD 112-00 SAIIS/IKGS *****57/60 INWARD MPT (D/ 0) *****85 COST Aft AGENCIES (Ml SDN 115 I SSaif« 25., x 1 TWHE/OI7OE 24/11 21/11 01/12 OS/I 2 EMPKSSSEA/0091W 11/11 14/11 m/ii 14/11
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    • 886 43 LIV L H rll Hh H H ■wowpSßlWWC^^^^^^^^ EXPORT I IMPORT jfr-g; -^^rTgrAj *cane* «•«<*s ro w* n hbhwivbi eoKowi h mee* w we 8 weenie m T*ANSP*CIWC SERVICE EXPORT ~a«mN«NiiunH K/ntT/swwMiMiKUiiHM/ii IMPORT VKsa vot sm td ;au *a>Mtawwmiiwme- vcsa r- vor to oax sm wooM ion [20/11 u/12 20/12
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    • 1443 44 SUROPE/UK/SCAHOINAVIA/FtHLAND/BUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E. DYNAMIC RW-667 28/11 IM2 21/12 17/12 16/12 20.12 21/12 I RENOWN RE-636 04/11 66/11 05/11 07/11 09/11 20/11 29/11 E DEVOTE RW-666 06/12 22/12 2V12 25/12 27/12 24/12 29/12 E RIGHT RE-641 11/11 13AI1
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    • 794 44 PACIFIC INTERNATIONAL LINES (PTE) LTD A 140 Cecil Street, #03-00 PtL Building, Singapore *****0. 1 CR NO VOT m Htl STB 11 M W W HI I {fll I I lUMGA TTIATAI I ITTO4S 14/11 27/11 1M? 15/12 71/12 tl/M I I wiatAtwAu fat i/» 3znz f/ii »/i2 it/12 azn
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    • 414 44 SO TEL OK BLANGAH ROM) 182-02 OTPORT CENTRE STORE *****9 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ETA ETD DESTINATION MANAMA 41/99 2V11« 2MI« MUNTOK KAGURI 19A9 2911/99 2VII/99 MALAYSIAN POTPONTIMMK mabukwa cm anm anm pklbalam UMMU 14f19 3OT1« 3V11A9 PONTIANAK MAfIUKWA 43A9
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    • 430 45 BSA iL l 'TV=J=frfT9V!!Ve9TTSff^^HJ r Ml MYANMA pBBk FIVE STAR LINE r (MyoMar National Lino) Loading for Yongon (Rangoon) VESSEL VOT SM PKL KM PGU MONGU Mr SU> RMWUMTME I7W 10/12 MALAYSIA AGWTS: OOUSIEAD SHIPPING AGENCIES KUL TE (03)*****00 PKI: TH (03) 376*101 KM: TH (04)2****** PGU: TU (07) *****21/4
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    • 1235 45 HMk HYUNDAIMERCHANIJJ^ Ivbse vot sm sou ia rim ant ham wv >a jvtssa vot|sou|lbi|hw|aiit|han|my| fbismi TNAMB 551W 2S/11 13/12 10/12 IS/11 16/12 MAAS 5321 OS/11 06/11 31/10 02/11 24/11 ansa sson 26/11 17/1210/1212/12 14/12 apiaummme 3111 01/11 06/1103/11 04/11 2S/11 NOLAGAK 016W 29/11 IS/12 16/12 10/12 21/12 NOLCffIBS 014E 03/11
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    • 932 45 IWALLENIUS WILHELMSEN j TO NORTH AND LATIN AMERKA "CAR RORO HEAVYUFT SOVKf: [VESSEL VOY RAMr HEIGHT SIN LAI CHI MU SAV Ml OtF NTC NEW MOO f TIMS AHIO 400 Ton 6.3 M 21/11 25/12 03/01 06/01 01/01 10/01 11/01 13/01 17/01 If/01 TOM AN 11 4001 ms 6J« 12/12
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  • Page 46 Advertisements
    • 1166 46 INDONESIA NATIONAL LINE TO AUSTRALIA ""1 FULL COHTMNEB 3CTVICC va *rr_ m m w m vn m m n m tfiaouu its n/11 n/n «/i7 v/ii 10/n usuui IsT »/n S/ii ii/ii u/n TT/Ti PtOMDMBMM 5J5" 07/n 17/11 14/11 11/11 jyjl mrnrr i»T u/n wit |»/n|«/n| »/n~ FEEDER SERVICE TO
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    • 742 46 VESSELS VOT I PKL I JED I MLA LBH HTM HAM ZEE SOT SAUDI JEDOAH N34W 3QTII 01/12 I<yi2 ISTI2 20/12 21/12 23/12 25/12 27/12 SAUOIJUBAK. HUPH 07/12 06/12 17/12 21/12 27/12 30/12 31/12 02A71 VXED-OBIOW 14/12 15/12 2V12 28/12 03/D1 OWI 06A>1 Q»QI I<VDI VtifOEMMOSA V3&N 21/12 30T12 04/01
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    • 51 47 FAR EAST EUROPE I Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan EAST USA I Agents: V-Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius T Wilhelmsen Turn To Pg 5 New Europe To [B MIDDLE EAST/ S.E. ASIA service China Shipping (S) Agencies Pte Ltd p 8 7
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    • 51 49 Vaul STE*| Dial 740-6000 on demand (Retrieve more schedules!) Press-r JCTV Select the port and key in STjbf the four digit code eg: To New York (NYC) 2275 s j£> Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times
      51 words

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    • 165 50 is MteiOM-UiMiM cocos traded" (FOREST PVOOUCTS SERVICE) (SunM/m Senior For Christmas Island Frrmantlr Oncn Island) Almi call other west Australia ports subject hi indwymenl TAW SXN KKU TMA VESSEL VOY. SIN CXI FMI COS OCEAN QUEEN OS/12 OS/12 THOR KIRSTEN 4SSB 01/12 OA/12 14/12 24/12 lOAMHG FO«: JtDOAH THOR KIRSTEN
      165 words
    • 332 50 TO IUMOff CHINA It EUWOFESEmnCe VESSEL/VOV XOO QOA 9HA HKO "S™ HAM HTM FEL TRApe HARVEST 02SW 14 NOV 16 NOV IS NOV 22 NOV 26 NOV 16 OEC 16 Dec 19 DEC MANJIN DALIAN 027W 21 NOV 23 NOV 25 NOV 29 NOV 03 DEC 23 DEC 25 DEC
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    • 155 50 fOUI TUMS/ WttK SAIUH6S: t. GOOAW6/SWSAWHK J SOUTH BOUND wsa wr rsuoMK aw J| bimasiwi ro<s H/iinwp) a/iimm mouaMti m wum JUMAMI zzatt IfIUM P/lifig mami mn a/maw w/iimao X PMUSWH was fl/ll (MOW 30/11 HUB BMUStMtI nm 01/1?0W)) OZ/l fTHU) HOtTH BOUND USSR W sm PGUOMK ntmsmn mm bThhhu)
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  • Page 51 Advertisements
    • 717 51 SHIPPING LINE LTD 72 Anton Road, #04-01 t* 03, Si»«apor« *****1 MAM UM/OUTWMO: 532 34M WWMD (0»h 437 2341 IMTOCT STATUS (WO): 437 2371 IHVfMTOtY (WD): 437 2420 WafcfiU http://www.MHiMd«ra.coM C* NO. **********0 D BOOKINGS UNE: 535 6266 (Celio/Je»»ico/M»i Chon/Jeslynn/Doro/Hanim) EOBHHBBfIi 8 SLGS/WEEKLY [HfISBESS9I 3 SLGS/WEIKLY Ivtssa I VOT I
      717 words
    • 854 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO Iwcl six I JUT I SUt 1 HW I ppg I cm I ton I mt 1 im 1 o»f I sav iew I iam 1 hou 1 HOIGH PTKI /0054 20/11 20/11 JiZIL-02ZII WH 07/12 10/12 22/12 H/01 23/01 23/01 20/01
      854 words
    • 501 51 ||M EN€ IH SNIPPING CO PTE DDI Mi 53MC7S (4 IW) tau SMNtt/UIHM I a■>isimimn I, VBSa VOT SMEtt SWOT DESTBMIKM SraCrtrai 15/99 73/11 74/11 Dwn/F Boni/tamg GcndoHl 9 '99 73/11 74/11 JArti UnonSttM 7/99 74/11 7S/11 tduno Union Star 8 8/99 74/11 7S/11 ta tag/Mom OwDoyo 14/99 7V" 76/11
      501 words

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    • 567 52 I VESSEL VOY SIN MAA SIN I TIGER RHYTHM 749N 2S-2S/11 30-03/12 07-0&12 I TIGER BRIDGE 752N 28-29/11 03-o*l2 11-12/12 I TIGER METRO 753N 30-01/12 06-09/12 14-15/12 I TIGER ISLAND 755N 05 06.12 10-13/12 17 18m I TIGER RHYTHM 754N 07-08/12 13-16/12 21-22/12 I TIGER BRIDGE 756N 11 12/12 16-19/12
      567 words
    • 800 52 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesindsingn^.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CEBU ISTANBUL MEXICO CITY SANTOS VALPARAISO IZMIR NHAVA SHEVA XINGANG SUVA NOUMEA MALTA SANTO DOMINGO PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING PROJECT SHIPMENT HEAVYUFT
      800 words
    • 1162 52 For bookhg l HHpiry cat *****80 Q WtfcsHr ta*//www jmdxm \&P JJf NOtTN AMIIICA UtA ''ly sgplm oil men in hou I lacsd km rk m ia ssp OOCI AMfIICA 39CS4S IKfT 10/12 IS/17 14/1? 14/1? 15/1? OOQ (AUFO4NIA 40M545 02/11 03/11 04/11 05/11 Id/11 21/11 OOQ CAUFOMA 4IES4f 01/1?
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  • Page 53 Advertisements
    • 92 53 mmm m I The advent of Information Technology and intermodal logistics solutions have ff dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated, j Shipping Times now features a full page on logistics on Thursday every
      92 words
    • 19 53 The Straits Times CLASSIFIED Where buyers and sellers meet Sell your old clothes. Buy H. Sal H. Find K.
      19 words