The Business Times, 30 December 1999

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Microfilm: NL21681
Total Pages: 38
1 38 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: hUp.//business-times.asial .com.sg/ THURSDAY, DECEMBER 30,1999
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  • Article
    Lock icon MARKET SUMMARY
    60 1 Dsn 2472.69 (+25.72) BT-SRI 962.73 (+10.62) SDISCI FUTURES ***** (+3.10) STOCK MAKKET INDICES Wednesday Change KLSE COMP 804.74 +7.05 NIKKEI *****.58 +27.06 HANG SENG 16,660.82 -267.47 SET INDEX 479.42 +1246 JAKARTA COMP 674.88 -2.84 MANILA OOMP 2,142.97 +2458 TAIPEI WPI Closed SEOUL COMP Closed OSA CHINA B 772.17
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  • Article
    Lock icon FINANCE
    84 1 FOSEX RATES US$ S$ l,'S$ 1.663 £fl'S$/8$ per 1.617 1(588 El'RO(USS/S$/E) 1 008 1.677 DM 1538 0.858 YKN 1025 1.625* RM 3.800 0.438 HK$ 7.772 0214 BAHT 3750 0 044 RL'PIAH 7,025 0.024 •St to 100 units PRIME BATES SINGAPORE* 5.80 MALA IJ'MPl'R 7.25 JAKARTA 40.00 MHH 10.00 MANILA
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  • Article
    Lock icon SCV puts the heat on broadband Net service providers
    616 1  -  Company expects up to 100,000 families to sign np within three years By- Andrew Wee [SINGAPORE] Singapore Cable Vision (SCV) has launched its high-speed Internet service via cable modem, allowing subscribing families to watch TV on cable and at the same
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  • Article
    Lock icon CAD to investigate Collective's Clob offer
    339 1  -  MAS wants to know if it breaches securities laws /></ Ven Sreenivasan [SINGAPORE] In a surprise turn of events, the Commercial Affairs Department (CAD) has been directed to investigate whether the offer made by Collective Custodial Services (Asia) Pte Ltd to Clob shareholders has
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  • Article
    Lock icon KLSE set to clear the air on Clob accounts tomorrow
    420 1  -  From Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange is expected to issue a statement tomorrow that will determine the fate of the temporary nominee accounts of Clob investors held at the Malaysian share depository. According to Malaysian
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      79 1 INSIDE Exec Suite Developers carving up niches. Pg 22 Property: Why 1999 is a good year for investors. Pg 20 Top stories Shop N Save to give up Suntec City lease. Next Page US securities industry's 1999 profits jumped 29% to record USsl2.6b. Pg 14 Three Singapore stocks powered their
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      36 1 The CEO Speaks FS I •Nt W V i sir Si 1* 11 But these days Larry Ellison, CEO of Oracle, has no time for his hobbies and other pursuits. Find out why in Pg 24
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      178 1 J 9 M Don't miss BT's tomorrow Tomorrow s BT will be a humprr specs;?! jointly dated 31 Dec 1999 and 1 Jan 2000. There will be no BT on Saturday, Jan 1. a retrospective on the people, events, calamities and achievements of the last 1,000 years A round-up of
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      10 1 Only our offer has all approvals. Effective Capital, Next Pg
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  • NEXT page
    • Article, Illustration
      Lock icon Shop N Save to close Suntec store: sources
      408 2  -  Isii exclusive Competition from Carrefour and Fair Price in the area is behind move Kalpana Rashiwala IN the face of competition from French hypermarket Carrefour, QAF's Shop N Save will not renew its lease for a 23,000 sq ft supermarket at Suntec
      CHRIS LOH  -  408 words
    • ON THE grapevine
      • Article
        Lock icon Property's red-hot Tootsie
        126 2 PROPERTY consultancy Knight Frank recently held a "Miss Knight Frank Contest" during its Christmas party. Thp only catch was the "Misses" were all men, complete with false nails and stockings. The winner was one of the investment sales guys yes, the folks handling collective sales who beat
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      • Article
        Lock icon A moment to reflect?
        109 2 MRT passengers travelling late at night tomorrow will make a transit stop before crossing to the next millennium. SMRT will stop all trains in stations for a few minutes before midnight. This is to do a systems check to make sure that passengers are "absolutely safe".
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      • Article
        Lock icon Undercover agents
        140 2 ORGANISERS of a British pop concert to celebrate the millennium are using ferrets to lay cables because digging up the turf is forbidden in the royal park where the event is being held, reported Reuters. "It sounds mighty primitive but it is a well-known practice," project director Tim
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      • Article
        Lock icon Banking on baby
        151 2 DOZENS of British mothers-to-be have laid bets that they will give birth on the first day of the new millennium, according to bookmakers who are looking forward to a happy event of their own, reported AFP. One of the women stands to win £2,500 (556,725) from a
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    • Article
      Lock icon Effective Capital pushes its deal for Clob shares
      891 2  -  Conrad Raj [SINGAPORE] Effective Capital has once again reiterated that its Clob offer is the only one that has the necessary approvals in place to migrate the shares now held in suspense by the Malaysian authorities. "But whether or not investors accepted
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    • Article
      Lock icon Securities Investors Association's statement
      573 2 THE Securities Investors Association (Singapore), which represents about 30 per cent of the estimated 172,000 Clob investors whose Malaysian shares have been frozen, yesterday responded further to Effective Capital's revised offer for Clob shares: Time frame of migration of shares. Effective Capital (EC) says that Clob
      573 words
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      168 2 &a4av&ut&i s i 77ie Moroccan restaurant in Singapore 4 Moroccan and Middle Eastern Restaurant Bar 1 P 18 Lorong Mambong. Holland Village, 5(*****8) Tel: *****16 Fax: *****17 a j Welcome Celebrate j A the Millennium Eve's Dinner Parly with us 1 I Ala Carte Menu or Millennium Set Dinner I
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  • SINGAPORE companies
    • Article
      Lock icon Four stocks in select club with prices above $20
      546 3  -  PCRD, DBS, SPH and Creative shine this year Teh Hooi Ling THREE Singapore stocks powered their way past $25 this year and another rediscovered its former glory to make a foursome in the above-$2O per share club on the Singapore Exchange.
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    • Article
      Lock icon VDH posts bigger than expected $85m loss
      387 3  -  By. Andrea Tan VAN der Horst has managed to slash losses for the year ended Sept 30 but the infrastructure and engineering company is still in bad shape. Net loss came to $84.71 million, down from $191.06 million a year earlier, but it
      387 words
    • Article
      Lock icon MOX may be just the proxy for M'sian economy
      939 3  -  ![•!•}[< lock siew ruth wong WITH Malaysia poised to be reinstated in the market indices of Morgan Stanley Capital International before the middle of next year, investors are faced with the question of which stocks to take a position in. Of
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    • Article
      Lock icon CyberWorks, Hikari buy stakes in Golden Power
      367 5 HONGKONG Japan firm to own 51%, CyberWorks will take 20% of Hongkong company Bloomberg HIKARI Tsushin Inc and Pacific Century CyberWorks Ltd, two of Asia's fastest growing Internet companies, teamed up to pay HK$B39 million (*****.5 million) for Golden Power International Holdings Ltd,
      Bloomberg  -  367 words
    • COMPANY Briefs
      • Article
        Lock icon CSC placing out shares, warrants
        159 5 CSC Holdings yesterday said it has won several new construction contracts valued at $77 million and is proposing a share placement to raise $10 million. The company will place out 30 million new shares and five million warrants. The placement will raise CSC's capital by
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      • Article
        Lock icon SembCorp Logistics completes sale
        55 5 SEMBCORP Logistics has completed the sale of its stake in Sembawang Wah Kwong Shipping to Wah Kwong Shipping Holdings for U555.75 million (559.6 million). The stake comprised 17.15 million ordinary shares and 350,000 Class B shares. SembCorp Logistics said the sale will result in a group
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      • Article
        Lock icon Allgreen to get new exec chairman
        44 5 ALLGREEN Properties managing director Goh Soo Siah will be promoted to executive chairman on Jan 1, replacing current chairman Teo Joo Kim, who is stepping down. The company said yesterday that Mr Teo will remain a board member.
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    • Article
      Lock icon Parkway sells its last major US investment
      274 5  -  By\ Kalpana Rashiwala PARKWAY Holdings yesterday announced the sale of the last of its major investments in the United States. It has disposed of its effective stake of about 80 per cent in BMC Lender Limited Partnership for about US$32 million (5553.2 million).
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      230 3 r 1 ygyg Leading Automotive Journalists recently voted the ongoing accolades. We could go on and on about the many Rover 75 features j SHOWROOM HOURS: Rover 75 as their "World Car' 99". Whilst we believe engineering quality and integrity is a but trankly we'd prefer you to judge this
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon OUB CL wrt: Look beyond gearing premiums
      196 4  -  WARRANT WATCH By Ven Sreenivasan THE covered warrant issued by Credit Lyonnais on Overseas Union Bank has been rising sharply in recent weeks as the underlying stock rallied on speculation of a possible merger between OUB and the much-larger OCBC Bank. The call
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    • Article
      Lock icon Untitled
      501 4 Stocks Volume Benefun HK10c 100,280,000 OUB CL eCW*****5 40,942,000 OCBC DB eCW*****7 21,700,000 'Genting Int... 20,484,000 Fastech US10c 18.444,000 KingboardUSlOc 18,048,000 MIT 10c 17,693,000 Asia medic 5c 14,238,000 L&M 50c 14,117,000 JC-MPH WtOO 12,911,000 Stocks PacificCentury *****8,240 OUB 21,313,350 OCBC 20,052,200 OUB CL eCW*****5 19,747,195 L&M 50c 19,605,010 MIT 10c
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    • Article, Illustration
      Lock icon STI hits 4th record high as retail investors pile in
      572 4  -  I :j j comment STOCKS ven sreenivasan THE Singapore stock market continued to confound market watchers, closing at its fourth record high in five days as retail investors piled into the market ahead of the year-end and a long weekend.
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    • Article, Illustration
      Lock icon OUB hits new 52-week high of $9.60
      258 4  -  HOT STOCK By Wong Wei Kong OVERSEAS Union Bank turned in a sparkling performance yesterday, closing at a new 52-week high on higher volumes. The counter closed 55 cents or 6.1 per cent higher at $9.60, after opening at a day-low of $9.05
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    • Article
      Lock icon Diary of events
      87 4 Thursday, Dec 30 Singapore ♦10am. Heshe Holdings Ltd AGM ♦10am. Jones Lang Lasalle year-end news conference on millennium market watchback ♦2pm. Noel Gifts International Ltd AGM ♦3pm. Singapore Merchant Bankers' Association to announce the change of its name and update activities Hongkong 4.15pm. The government releases wage
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    • Article, Illustration
      Lock icon Dozy year-end session but euro, rupiah look soggy
      347 4  -  I :j comment CURRENCIES larry wee WITH Japanese markets closed from today till Jan 3, currency markets had yet another reason to move mostly in sideways fashion in Asian trading yesterday. After the Dow closed at another record high of 11,476.71, and
      Source: Reuters  -  347 words
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      50 4 if". iri It sfwufcfn't cost you II I tfie moon to be at Orchard HootC this View Year's (Eve I p ■J" f, plus: A complimentary glass of French Champagne for all confirmed reservations EURO'S *•**l, 1 S °*6 The Magic begins at EURO'S Level 1 Orchard Point Reservation: 736-0057
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      21 4 Toothache 9 See your dentist Investment advice 7 You need DBS Investor Online Get the Best Call us at 323-3955 01XJSBANK
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      265 5 I 1 I 1 I 1 I I I I I I I I I IJ I I iN« I 4 V ■<■'. 1 I SPH Stop Pre K k B K it**? "c It E Mobil Shell SPC I I Carrefour Borders •'Shop N Save Guardian Pharmacy Apex Pharmacy
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Most believe banks are 'very well-prepared' for Y2K: survey
      410 6  -  Fewer people feel the need to monitor bank balances or obtain statements By] Ling Su Ann PUBLIC confidence in the Y2K-readiness of banks in Singapore is high as the critical crossover period nears, said a survey by international research company Wirthlin
      CHRIS LOH  -  410 words
    • Article
      Lock icon Banking on satellite phones if telecoms systems fail
      364 6  -  By I Siow Li Sen AS part of a plan to meet all Y2K contingencies, local banks have rented satellite phones in case "normal" phone systems break down. The spokesmen of United Overseas Bank, Overseas Union Bank and OCBC Bank told BT
      364 words
    • Article
      Lock icon Electronic commerce can't do without logistics support
      306 6  -  TDB, IDA working on IT Action Plan for logistics industry By. Jeanette Pang THE current buzz in the corporate world may be about electronic commerce but without good logistics support, all that talk may end up being just a lot of hot air.
      306 words
    • Article, Illustration
      Lock icon Don't be Content to be a commodity
      651 6  -  l-l i comment TECHNOLOGY Be the one who can play with content, tailor tt and make it unique and compelling kenneth james DEAR Meera, Your delightful Bottom Line commentary in last Wednesday's BT (Meera Tharmaratnam: The Internet cries out for Content) had me
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    • Article, Illustration
      Lock icon UOB sees 7% GDP growth in Q4, 5.3% for year
      323 6  -  r=vl =1 on the economy outlook "y Eugene Low UNITED Overseas Bank expects the growth seen in the second and third quarters to be sustained for the six months to March 2000. "A steady GDP (gross domestic product) growth rate
      Source: UOB  -  323 words
    • Article
      Lock icon Better for govts to resolve Clob issue
      351 6  -  M»TT-PQX Lim Chin Siew Singapore IN a day or two at the most, the frozen Clob shares will (as things stand) be transferred to the Ministry of Finance in Malaysia. Perhaps, it might be the best thing to happen because when that takes
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    • Article
      Lock icon Wake up, Clob shareholders
      237 6  -  Steve S K Yeo Singapore FROM the many news reports on the Clob share saga, I am very sad and sorry to discover that Singaporeans are selfish and disunited. The formation of the Securities Investors Association (Singapore) was to help Clob shareholders resolve the dispute with
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    • Article
      Lock icon SingTel supports use of Internet
      379 6  -  Foo Kim Leng Senior Corporate Communications Manager Singapore Telecom I REFER to the letter 'Sing Tel should lower tolls to promote e-commerce' by Denis Distant (BT, Dec 27). Local telephone calls are charged at 1.4 cents a minute during peak hours and 0.7 cent a
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      17 6 Editorial: What if millennium bug is a dud?, Pg 8 Tech analysts dismiss millennium doomsayers, Pg 13
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      39 6 E-mail: btletter@sph.com.sg You can email us at btletterQsph.com.sg or fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
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      326 7 MM Pacific I ntemetwl o 0 YOU are supported by a WOrld-class YOU are assured of speedy access engineering infrastructure that provides you and seamless connectivity with our with superior connectivity for your Internet regional offices in Australia, Hong access. Kong, Philippines and India, with more countries to come. YOU
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon A century of rocketing inventiveness
      745 8  -  [bcrttom line OPINION reginald dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared MANY people will be glad to say good-bye to a century that has set records for all kinds of horror and suffering. But economically, the
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    • Article
      Lock icon IN OTHER WORDS
      127 8 'If there is a choice between chaos and dictatorship, nowadays you choose chaos.' -FransSeda a former Indonesian finance minister who was in government during the country's last transition in the *****. 'As the market advances, you see the devolution of power away from the elites.' Andrew Sbeng
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    • Article
      Lock icon What if millennium bug is a dud?
      591 8 EDITORIAL IN the biggest computerrelated initiative ever, as much as US$6OO billion (Ssl trillion) is spent worldwide to prepare computer systems for a vaunted software glitch. Then, come Jan 1,2000 nothing. It's business as usual. That's one scenario for the world's computer systems
      591 words
    • Article, Illustration
      Lock icon Tokyo's free spending would scare even Keynes
      975 8  -  Fiscal stimulus helps economy but future growth may not be bought so easily via public purse By, Anthony Rowley The writer is BT's Tokyo correspondent EVEN the late Lord (John Maynard) Keynes might have baulked at the prospect of applying fiscal stimulus on
      FILE PHOTO  -  975 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      779 8 Pushing beef to the Chinese THE World Bank has proved again that the pen is mightier than the sword. The sword in this case a scythe harvesting the grains that have kept the Chinese free of the diet-related health problems plaguing Westerners was defeated last week
      FILE PHOTO  -  779 words
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  • MALAYSIA news
    • Article
      Lock icon Lion's RM10.2b debt swap plan
      485 9 KUALA LUMPUR Creditors of Amsteel will get new bonds, stock, as steelmaker tries to stay afloat Bloomberg AMSTEEL Corp and four other Lion group units plan to swap much of their 10.2 billion Malaysian ringgit (554.5 billion) debt for new bonds and stock to avert
      Bloomberg  -  485 words
    • Article
      Lock icon KL index hits 5-month high as Y2K fears ease
      317 9 KUALA LUMPUR Bloomberg Reuters MALAYSIA'S stock index rose to a five-month high yesterday on optimism Tenaga Nasional Bhd and other companies with large market values will emerge unscathed from potential computer problems related to the year 2000. "Some are betting that
      Bloomberg; Reuters  -  317 words
    • MARKET moves
      • Article
        Lock icon Tongkah wrt, Avenue Assets in play?
        85 9 THE Tongkah warrant and Avenue Assets were on the top volume list yesterday, on what some dealers said might be syndicate play. The former closed a sen up at 64.5 sen, after 9.7 million units changed hands, and the latter, previously known as Phileo
        85 words
      • Article
        Lock icon Dialog up on bonus issue news
        99 9 OIL and gas service provider Dialog Bhd rose 60 sen, or more than 5 per cent, to RM 11.70 yesterday following the announcement of a bonus issue. The company has proposed to issue two new shares for every three existing shares, creating 24.5 million
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    • Article, Illustration
      Lock icon KL's set to swing into Year 2000
      430 9  -  Major hotels, FIB outlets close to big parties folly booked hYom Ruth Wong in Kuala Lum//ur IF you are in Kuala Lumpur with no firm plans for New Year's Eve and are thinking of sauntering into the city centre to join the festivities,
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      2504 9 notices To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WELLVISTA PTE LTD (In Voluntary Liquidation) At an I mravdiiury General Meeting of the members ol Wells ista Pie I id duly convened and held
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  • SOUTH east asia
    • Article
      Lock icon Govt can't take action against BI: Abdurrahman
      363 10 JAKARTA Up to Supreme Audit Board, Parliament to handle central bank, he says AFP, Reuters PRESIDENT Abdurrahman Wahid yesterday said his administration is not able to take action against Bank Indonesia (BI) officials even if they are accused of wrongdoing. "Bank Indonesia is
      AFP,; Reuters  -  363 words
    • Article
      Lock icon Jakarta approves US$10.6b worth of FDI this year
      176 10 JAKARTA Figure lower than the USsl3.6b worth approved last year AFX-Asia INDONESIA approved US$lO.6 billion (5517.6 billion) worth of foreign direct investment this year covering 1,068 projects, compared with US$l3.6 billion worth of investment in 1,035 projects last year, a statement from
      AFX-Asia  -  176 words
    • Article
      Lock icon Thai bad loans shrink for 6th straight month
      413 10 BANGKOK Bloomberg THAILAND'S bad loans fell for the sixth consecutive month in November, drop ping 1.5 per cent to 42.3 per cent of all credits as banks and borrowers restructured more debt, the central bank said. In the previous month bad loans
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon Closing ceremony
      61 10 [MANILA j A Roman Catholic priest holding a religious service yesterday on the trading floor of the Philippine Stock Exchange after the last trading session of the year Manila shares ended the year on a strong note boosted by last minute window-dressing The 33-share Phisix Index jumped 24.58
      REUTERS  -  61 words
    • Article
      Lock icon Viet growth estimated at 4.8%
      189 10 HANOI Data's latest in series of conflicting official growth figures Reuters VIETNAM'S economy has grown an estimated 4.8 per cent this year compared with 1998. an official at the General Statistics Office said yesterday. The official, speaking by telephone, said the figure was contained in
      Reuters  -  189 words
    • NOTE Book
      • Article
        Lock icon ADB okays loans for Viet reform
        47 10 Reuters [HANOI] The Asian Development Bank has approved loans worth US$lOO million (*****.2 million) to help Vietnam reform its state-owned enterprises, official media reported yesterday. The Vietnam News daily said the funds were critical to efforts to restructure state-owned companies. Reuters
        Reuters  -  47 words
      • Article
        Lock icon Thai exports seen driving growth
        63 10 AP [BANGKOK] Strong exports should push Thai economic growth upward by 4.5 per cent to 5 per cent next year, a finance ministry official said yesterday. The official, speaking on condition of anonymity, told Dow Jones News wires that the ministry had recently completed economic
        AP  -  63 words
      • Article
        Lock icon Ibra may trim Tirtobumi unit debt
        50 10 AFX-ASIA [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) is likely to give a "debt haircut" to Tirtobumi Group unit PT Margabumi Matraraya, Bisnis Indonesia reported yesterday, quoting Ibra chairman Glenn Yusuf. Margabumi, a toll road developer, owes Ibra 2.89 trillion rupiah (Ss6B2 million). —AFX-ASIA
        AFX-ASIA  -  50 words
      • Article
        Lock icon Manila bank execs charged with fraud
        61 10 AFP [MANILA] Philippine prosecutors have filed criminal suits against the principal shareholders and managers of a failed small commercial bank. Orient Commercial Banking Corp president and chief executive Jose Go and several bank officers were indicted on 34 counts of falsifying commercial documents and
        AFP  -  61 words
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      109 10 k# v SAAB The Saab 9-5 Aero. The Saab 9 5 Aero is .1 remarkable car You would need to feel the sheer exhilaration which Its time to put your toot down comes with putting your foot hard down on the accelerator Unleashing the power of its high- s I
      109 words
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  • EAST asia
    • Article
      Lock icon China posts 7.1% growth, its slowest since 1990
      437 11 BEIJING Figure higher than target 7%, helped by recovery in exports Bloomberg, Reuters CHINESE economic growth slowed to 7.1 per cent in 1999, the slowest pace since 1990, as reforms at state-owned companies fuelled unemployment and consumer spending lagged. The figure was
      Bloomberg,; Reuters  -  437 words
    • Article, Illustration
      Lock icon Soong apologises for misuse of bank accounts
      408 11 PEOPLE AFP TAIWAN'S independent presidential hopeful, James Soong, facing fierce criticism for alleged misuse of funds, apologised on Tuesday for using personal accounts of his relatives for moving huge amounts of money. An inquiry team of lawmakers, lawyers and accountants said on Tuesday
      AFP; ZXHUANG TSE HOU  -  408 words
    • Article
      Lock icon China opens stock exchange for hi-tech start-ups
      382 11 BEIJING FT THE first stock exchange in China tailored to satisfy the capital requirements of hightechnology start-up companies has opened here. The Shanghai Technology Stock Exchange, run by agencies under the Shanghai city government, is not a fullyfledged second board such as Nasdaq
      FT  -  382 words
    • Article
      Lock icon Call for caution over Net stocks
      124 11 HONGKONG SEHK, watchdog issue warning after jnmps in the counters AFX-Asia THE Securities and Futures Commission and the Stock Exchange of Hong Kong have issued a joint announcement urging investors to exercise caution in dealing in technology and Internet-related stocks. The short statement said:
      AFX-Asia  -  124 words
    • Article
      Lock icon Village on HK$105m Asian expansion
      107 11 HONGKONG Bloomberg VILLAGE Roadshow Ltd, one of Australia's largest cinema companies, will pay HK$lO5 million (5522.5 million) to buy South Korean and Thai cinema businesses from Golden Harvest Entertainment (Holdings) Ltd, the Hongkong firm said. Village Roadshow, which together with Golden Harvest chairman Raymond Chow
      Bloomberg  -  107 words
    • Article
      Lock icon HK Mortgage Corp to buy riskier home loans
      444 11 HONGKONG It will purchase HKslb worth in pilot programme in bid to stop loan portfolio from shrinking Bloomberg THE Hongkong Mortgage Corp (HKMC) said it will buy riskier home loans from banks in a bid to end shrinkage of its loan portfolio.
      Bloomberg  -  444 words
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      1240 11 (;V Registered Office: 3rd Floor, ABSA Towers East, 170 Main Street, Johannesburg, 2001 ABSA ABSA Bank Limited, Singapore Branch: 7 Temasek Boulevard #16-01 Suntec Tower One, Singapore *****7 BANK LIMITED All amounts are In Rand million Balance Sheet Income Statements as at 31 March for the year ended 31 March
      1,240 words
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  • SOUTH asia
    • Article, Illustration
      Lock icon Party-time—and, Goa's where it's at
      708 12 Party-time —and, Goa's where it's at ■4=1i13:l from bombay yogi aggarwal THE hot question these days is "What are you doing on the night of the 31st?". Every year around this time, the same question has been asked with a less heightened edge of expectation. After all, it is just
      AFP  -  708 words
    • Article
      Lock icon Wipro to foray into home Net services
      413 12 NEWDELHI It'll team up with Dutch giant KPN early next year INFOTECH major Wipro Ltd will team up with Royal Dutch Telecom (KPN) to provide competitive home Internet services for the home market early next year, newspaper reports say. "We have already testmarketed
      413 words
    • Article
      Lock icon Bangladesh would gain by selling gas to India: World Bank
      301 12 DHAKA Reuters BANGLADESH would gain more by exporting natural gas to India than by selling its neighbour fertiliser or electricity produced by the gas, the World Bank said. "The bank's assessment is that the country could easily earmark two tcf
      Reuters  -  301 words
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  • FOCUS y2k
    • Article
      Lock icon Tech analysts dismiss millennium doomsayers
      577 13 NEW YORK They forecast a relatively quiet weekend with isolated problems Reuters SOME computers may go down around the world when the calendar changes from 1999 to 2000. but any glitches will be nothing like the catastrophes some doomsayers have predicted, technology analysts said on
      Reuters  -  577 words
    • Article
      Lock icon Some firms blocking e-mail to prevent virus attacks
      384 13 NEWYORK FT SOME of the UK's largest companies are blocking electronic mail over the new year in a bid to thwart the arrival of a threatened wave of up to 200.000 new computer viruses. The move mirrors growing fears in the United
      FT  -  384 words
    • Article
      Lock icon Indon Y2K rumours as dangerous as bug itself, say analysts
      273 13 mJAKARTA AFX-Asia INDONESIA is as much at risk from possible rumours stemming from the millennium bug as it is from the computer glitch itself, analysts said. Despite its economic problems, Indonesia is not too far behind developed nations in its
      AFX-Asia  -  273 words
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      Lock icon In a hurry to got there
      52 13 [BELGRADE] An opposition supporter making a three-finger orthodox sign during an opposition New Year's concert at Republic Square here on Tuesday. Independent economist group GA-17 organised the concert three days early. saying Serbia had to move faster towards a new century and new political
      REUTERS  -  52 words
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  • WORLD news
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      Lock icon Profits of US securities industry hit new high of US$12.6b
      495 14 NEW YORK Boost a result of surging stock prices and volumes, new tech stock offerings Reuters THE US securities industry's profits jumped 29 per cent to a record US$l2.6 billion-plus (Ss2l billion) this year, powered by surging stock prices and
      Reuters  -  495 words
    • Article, Illustration
      Lock icon Kohl's legacy may be tarnished by shady deals
      451 14 PEOPLE Reuters [BERLIN] As the first chancellor of a united Germany since Adolf Hitler, Helmut Kohl was able to heal the Nazi legacy of a divided country, bringing together the two Germanys and anchoring a peaceful nation at Europe's centre. Now, a
      Reuters; AP  -  451 words
    • Article
      Lock icon GE, ABB-CE may buy into Korea Heavy
      177 14 SEOUL Bloomberg KOREA Heavy Industries Construction Co said yesterday that it is in talks to sell as much as a 30 per cent stake to General Electric Co and ABBCE for strategic alliances. The announcement comes as the government unveiled plans to auction
      Bloomberg  -  177 words
    • Article
      Lock icon US leading index rises 0.3%, pointing to further growth
      477 14 NKW YORK Second straight monthly gain higher than expected Bloomberg THE index of leading US economic indicators rose in November. pushed by gains in stock prices and orders for consumer goods that will keep driving the economy into the middle of
      Bloomberg  -  477 words
    • Article
      Lock icon Hijackers drop demands for US$200m, return of body
      390 14 KANDAHAR, Afghanistan AFP ISLAMIC militants holding 160 hostages at gunpoint on an Indian Airlines plane here dropped key demands yesterday in tense negotiations with Indian diplomats, officials said. An Indian negotiator told AFP the gunmen had waived their demand for US$2OO million
      AFP  -  390 words
    • Article
      Lock icon SEC's top cop putting pressure on Web stock manipulators
      722 14 WASHINGTON Bloomberg RICHARD H Walker knew little about computers other than how to send e-mail when he became the Securities and Exchange Commission's top cop last year. That changed when he took a crash course in how to scan the Internet
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      3 14 TODAY©^^ liantie laobao
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      76 14 nrria the world s leading OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Since 1975 our worldwide staff of over 275 multi disciplined professionals including lawyers, chartered accountants, chartered > secretaries and bankers have provided ZB X confidential and cost effective company formation in all the major low tax areas Incorporation Fees
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      33 14 36 BMCOW^SOUmO»ffI tj 5001 Sioftpoß IMUB ■co/nptrrer R Disaster Virus Removal Data Recovery On-site PC Repair Networking Network Cabling Data Conversion Security Issues Hardware Sales Software Sales 9-218-2156 I il! M 1 J
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  • FINANCE & commodities
    • Article
      Lock icon Futures close higher in subdued trading
      286 15  -  SGX Derivatives Tradln^Report MSCI Singapore Index Daphne Tay Jardine Fleming AFTER taking a day's breather, the Singapore stock market scaled new heights yesterday, unperturbed by the Y2K issue and encouraged by expectations of strong corporate earnings going into the new year. Retail players continued
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      Lock icon Oil rebounds towards 9-year highs as traders build up stocks
      243 15 ENERGY REPORT Reuters [LONDON] Oil prices stormed back towards nine-year highs yesterday as traders took out insurance against winter shortages. Benchmark Brent blend traded up 45 US cents at U5525.66 a barrel after a weekly report released on Tuesday in
      Reuters  -  243 words
    • Article
      Lock icon Palladium at all-time high on Y2K worries
      159 15 Reuters [LONDON] Palladium reached a new all-time high yesterday while gold reached its highest level in four weeks in illiquid markets amid concern over the millennium bug, dealers said. Palladium, used mostly in electronics and in carcatalysts in the vehiclemanufacturing industry, fixed at
      Reuters  -  159 words
    • Article
      Lock icon CURRENCY REPORT
      331 15 Bloomberg New York THK euro tumbled yesterday, posting its biggest drop against the yen in a week, after Bundesbank president Krnst Welteke suggested the European Central Bank is not about to raise interest rates. Mr Welteke, speaking to reporters in Frankfurt, said: "I don't see a necessity to
      Bloomberg  -  331 words
    • Article, Illustration
      Lock icon Untitled
      1274 15 HTERBAME CROSS RATES d,, W A$ C$ BwO Euro Ffr Dm HK$ Ind Bs Pup.ah Yen Won BN WZ$ Pafc Bs Hm S$ Bwd Sfr HT$ B*ht Pound US$ Australia 0.939 6.178 0.641 4.203 1.253 5.024 28.135 45.413 0.661 7.382 2.457 1247 33.512 26.052 1.075 3.977 L029 20.350 24.242 0.400
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      1899 15 SICOM FUTURES Dec 29 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) ClOM Volume Opm Month High Low Sett (tonnes) interest Jan 00 105.00 Feb 00 106.50 900 Mar 00 109.50 109.50 109.50 600 100 Apr/Jun 00 116.00 RSS 3 CONTRACT (US centsAq) Volume Open Month High Low Sttt
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng falls on profit-taking in tech stocks
      2855 16 HONGKONG AFP CI Hang Seng -267.47 HONGKONG share prices closed 1.6 per cent lower yesterday amid profit-taking following recent rises fuelled by technology stocks, dealers said. The benchmark Hang Seng Index passed through the 17,000-point barrier for the first time soon after
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    • Article
      Lock icon Info-related stocks lift market
      1989 16 TOKYO AFP Q Nikkei 225 +27.06 SHARE prices in Tokyo crawled 0.1 per cent higher yesterday as information-re-lated stocks rallied, but they were still less than half the record level struck exactly 10 years earlier. The 225-issue Nikkei average gained 27.06 points to end at 18,810.58
      AFP  -  1,989 words
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      Lock icon CHINA
      1018 16 Reuters PJ Shenzhen B Index +L 45 SHENZHEN'S hard currency B shares closed solidly higher on selective buying yesterday as domestic investors shrugged off worries over 1999 corporate results and the Y2K computer problem. The B share index rose 1.45 points, or 1.76 per cent, to 83.91 on turnover
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,018 words
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      32 16 the new H The Times every Monday The Taipei market was closed yesterday Drive home your message to over 460,000 readers for as little as $26. Call 1800-737-1166 for fast results. f&StcNC/S
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  • STOCKS klse
    • Article, Illustration
      Lock icon Local-fund buying lifts KLCI above 800 points
      432 17 AFP, AFX-Asia H Composite Index -*-7.06 MALAYSIAN share prices rose 0.9 per cent and breached the 800-point level yesterday on support from local funds, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 7.05 points at 804.74 and the Second Board
      AFP,; AFX-Asia  -  432 words
    • Article
      Lock icon Untitled
      8762 17 INDUSTRIALS Consumer products 1999 Last Vol Day Mat Cap High Low Company Sale OOO High Law P/C Smll 440 255 Alinomoto 310 19.7 125.6 174 46 Anghasa 91.5 1 8 92 91.5 134.9 404 220 Apollo Food Hlg 346 unch 6 346 346 8.2 138.4 3200 2140 BAT 50C 2875
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3554 18 BONDS WARRANTS Decn W Ml NW l T Lot Vat Day LastOMti nim* Can liar Wk I" M* —mm if COM) Mfk lm B«v»f Mar Price InMMl 1 IT tJ 104 10.5 s 3160 "Acer ******1 US$ 40.5 unch 20 40 5 40 5 40.5 41 33.1 I 156 75
      3,554 words
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      Lock icon SYDNEY
      597 18 AFP PI All Ordinaries +&8 AUSTRALIAN share prices rose 0.2 per cent yesterday in sluggish trade, taking their lead from Wall Street, brokers said. The All Ordinaries Index dragged itself forward 5.8 points to 3,141.10. The All Industrials Index gained 9.6 points to 5,390.00 and the All Resources Index
      AFP  -  597 words
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      Lock icon BANGKOK
      800 18 AFP Q SET Index +12.46 THAI stocks surged 2.7 per cent to a five-month high yesterday on heavy buying by institutional investors, dealers said. The Stock Exchange of Thailand Index surged 12.46 points to close at 479.42 points. In yesterday's trade, volume reached 3.54 million lots worth 6.38 billion
      AFP  -  800 words
    • Article, Illustration
      Lock icon JAKARTA
      762 18 AFP CI Composite Index -134 INDONESIAN share prices closed 0.3 per cent lower as profit-taking in thin trade pulled the index lower, dealers said. A dealer at a European brokerage said that expectations in the market for yearend book-squaring to boost trade did not materialise. "From the foreign side,
      AFP  -  762 words
    • Article
      Lock icon WELLINGTON
      280 18 AFP P| Wellington >7j6 NEW Zealand stocks closed yesterday up 0.3 per cent, with a strong run in Fletcher Challenge shares adding interest to otherwise listless trading. The NZSE-40 Capital Index rose 7.6 points to 2,215.29 on tiny turnover worth just NZ524.9 million. AFP 0«2» MS (000) Advantage HDS
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    • Article
      Lock icon MANILA
      304 18 AFP H Manila +2438 PHILIPPINE share prices gained 1.2 per cent yesterday on last-minute selective buying of blue chips, ending the year 8.8 per cent above 1998's closing prices. The Philippine Stock Kx change Composite Index rose 24.58 on the last trading day of 1999 to 2,142.97. AFP Dec
      AFP  -  304 words
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      121 18 Daniel Jean Richard Commemorative stamp (1941) g; This superb creation hears the Daniel Jeanßichard signature and is paying homage to Daniel distinguished by the originality of its strong, smooth lines. Housing an automatic i v uin h'm 'ker kn nl*" < the JJmIBP chronograph movement, the curved stainless steel case
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  • Article
    Lock icon STOCKS sgx
    9162 19 MAIN BOARD Transaction date: Dec 29 Or Of M m 52-Wk Last Vol Day Last Ouota Olv Otv YM Net Cap Avg Hl» L— W» Caiwpany «1a fOOO) Mlfll LM Buyer «»■»> C'vr H P/t M MULTI-INDUSTRY 102 17.5 m c 1000 Acma 50c 117 *2 165 118
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      72 19 HOME IN ON HOB'S I SECOND BOND ISSUE AND V;;l BUILD UP YOUR flffik |fe™r z: rr;:rr: I 01 investment posTFouo j I c>riem Liw%Limit d I IPO. Shares. Bonds. Stocks. Annual Reports. 13 1 I Whatever you're offering, we help you reach out I I to 86.7% of all
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  • INVESTMENT PROPERTY
    • Article, Illustration
      Lock icon 1999: the big, rosy picture
      1349 20  -  From spectacular collective sales to single-unit purchases, paktiemchor explains why it's been a good year for investors PAN TIEN CHOR The writer is managing director, Jones Lang LaSalle. S pore THE investment sector must have been THE story for 1999 in the Singapore property market
      FILE PHOTO  -  1,349 words
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  • Article, Illustration
    Lock icon HOUSEHUNT
    1957 21 Property transactions for selected districts lodged between Nov 30 and Dec 27. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF I PROJECT NAME/ PROP CONTRACT TENURE P«CE PSF STREET NAME TYPE DATE LAND AREA* STREET NAME TYPE DATE LAND AREA (SOFT) (SS 000) (Si) (SOFT) <SS 000) <S$) 1
    1,957 words
  • Page 21 Advertisements
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      74 21 7 «to a ilk I SIHGAPURA 1V- 1 v v\fj BUILDING SOCIETY LTD II W %j|k NEED A LOAN? TAKE ADVANTAGE# OF OUR FINANCIAL STRENGTH I 1 We provide loans and financial assistance for your Corporate and Personal Financing. Car Loan Home Loan Share Loan Commercial/Industrial Loan Factory Loan and
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Developers carving up niches
      1170 22  -  Hong Leong, DBS Land and Keppel Land are cornering certain areas, marissa chew looks at their motivations, and the effects on customers MARISSA CHEW EYEING a new home in Balmoral or Newton? Well, the developer who will sell you that new apartment could well be the
      FILE PHOTO; FRANCIS TAN  -  1,170 words
    • THE CEO speaks
      • Article, Illustration
        Lock icon Guru of Internet computing
        1189 24  -  Oracle CEO Lawrence Ellison is driven by a new personal computing paradigm based on the Internet as bajucheuam finds out RAJU CHELLAM HE loves to wear designer clothing. he gets his kicks out of flying his own fighter jet. he's an avid sailor whose yacht Sayonara
        1,189 words
      • Article
        Lock icon Reincarnating Oracle
        206 24 ORACLE Corp is turning itself into an e-business because chairman and CEO Larry Ellison wants it to lead in Internet computing. The giant shifted its technology development efforts to be Net-enabled three years ago and has vowed to have all of its products and services Net-compatible. Mr Ellison
        206 words
  • Page 22 Advertisements
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      279 22 Jneeldv Edition^ V win 2 return air-tickets Plus 5 Sasha's bw hampers jvorth over $500 when yof subscflficlfc,, at least 6 months. m' Get a Bearlie/Beatrice for 6-months subscription, Bearb/Bearsty for 12Subscribe for 2 years to bring this t j whole Sasha's bear family home and quadruple your chances to
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      484 23 1171 i iiriitA _1 w% _1 -i- Presented iyinCTS Club Diners Club Credit Card 7o apply, call: Where to wine, dine and entertain... [CELEBRATE THE LAST CENTURY] WITH DE GRAND Happy Honrs 5.00pm to 9. OOpnt Draft beer per mug $6.50* Dr.itt beer per jug 524.()0n- tree Titbits i Festive
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      38 23 WmjM down* Hlivc English entertainment. Happy Hours 6pm 9pm daily Ss+++ on all house pours 2()"-.i off all other drinks Reservations: 831-6310/6288 Un/nhnn (S St/ufy**r A; 111 ()wkwd R<Md S<Of;jpurc 2 I M 71? 4411 Fjmi 712 2M.1
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      878 23 I,^ <; fn if t T7ff3^Premiere 12 4,30 Mortal Kombat. 10.00 News On 8. 12.00 MN One Hour News. rremiere j uman ji 10.30 Spiral. 1.00 AM Business Tonight. 3.00 PM TV Innovations. 5.30 Zorro (Cartoon). 11.30 Super Sunday. 1.30 This Week In India. CindnncAnooti... u 4 Z hi".!? 6
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    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 2
      282 23 CRYPTIC CROSSWORD ACROSS degrees (7) 6 Seating is never enough for Warm start aids pups (6) this party activity (7 6) One of three boatman turns up 8 An open-air practice? (3-3) o,cl address (6) 9 Where everybody goes in to s P ee d at which we go? sweep
      282 words
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  • Page 24 Advertisements
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      201 24 (JOB BANKING CEO SPEAKS. UOB PRIVILEGE BANKING LISTENS. I At UOB Privilege Banking, we translate every CEO's balance of at least *****.000 in deposits or unit trust investments. j- banking v j S jon into results. Which is why we'll assign a Admittedly. Privilege Banking isn't for everyone. But for
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      12 24 This is the last of our series of interviews with company CEOs
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  • SHIPPING TIMES
    • Article, Illustration
      Lock icon Lower port charges for HK registered ships calling China
      505 25  -  Agreement signed on preferential port does, to take effect from Jan 28 By, Ann Toh [SINGAPORE] Shipowners of Hongkong registered ships are being offered preferential rates for port dues at Chinese ports from next month, Hongkong's Secretary for Economic Services Stephen
      FILE PHOTO  -  505 words
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      Lock icon MARITIME STOCKS
      312 25 Source: BRIDGE SO '000 tea »«/-*> CWT Distribution 1.26 0.02 23 Chuan Hup 0.44 0.01 ***** Cosco Investment t.18 0.01 131 Freight LMii 0.30 -0.01 653 G8 Holdings 0.89 unch 15 Hoi Sun Hup 0.85 0.02 879 IMC HoWngs-HK —5.60 unch 0 Joy* Holdings 1.22 unch 266 Jurong
      Source: BRIDGE  -  312 words
    • Article
      Lock icon Jinzhou Harbour adds two bulk cargo berths
      139 25 Reuters [SHANGHAI] Shanghai-listed Jinzhou Harbour Co said it has completed construction of two bulk cargo berths at the northeastern port of Jinzhou at a cost of 341.64 million yuan (5568.2 million). A 35,000-tonne berth with an annual throughput capacity of 600,000 tonnes for
      Reuters  -  139 words
    • Article
      Lock icon Low prices spell short-term gains but long-term trouble for owners
      808 25  -  NEWBUILDS By, David Hughes SO has 1999 been a good year as far as newbuildings are concerned? Well, the answer will very much depend on who you ask, and whether they are thinking in the short- or long-term when they
      808 words
    • Article
      Lock icon Philippine ferry firm's fleet operations suspended
      456 25 All 12 ferries of Trans-Asia Shipping, owner of ill-fated Asia South Korea, restricted to port AFP (MANILA] Philippine maritime authorities barred the entire fleet of a ferry firm involved in last week's maritime disaster from putting out to sea. as the coastguard prepared to
      AFP  -  456 words
    • Article
      Lock icon Chittagong port hit by strike
      211 25 Reuters [CHITTAGONG, Bangladesh] A strike paralysed Bangladesh's southern Chittagong city for a second day on Tuesday, halting transport and disrupting deliveries from the country's main port, officials said. The strike called by Islamist opposition party Jamaat-e-Islami was extended until 4 pm on Tuesday. They were
      Reuters  -  211 words
    • SHIPPING news
      • Article, Illustration
        Lock icon RMS Titanic sued for not repaying salvage investors
        434 26 Ohio company claims USsBm from firm that salvaged most famous shipwreck Bloomberg [NEW YORK] RMS Titanic Inc, which has exclusive salvage rights to one of history's most famous shipwrecks, has been accused in an US$B million (5513.4 million) lawsuit of defrauding an
        Bloomberg; FILE PHOTO  -  434 words
      • PORT Shots
        • Article
          Lock icon Thai ro-ro ferry missing
          101 26 THE International Maritime Bureau (1MB) has issued an alert for the long-overdue Thai-flagged ro-ro ferry 9 Sea Star 4. The 461 gt, 1966-built ship left Hongkong with eight crewmen on Oct 14 bound for Thailand and has not been seen since. Anyone sighting the missing vessel
          101 words
        • Article
          Lock icon Carnival sees record year
          72 26 YEARLY profits for US cruise giant Carnival rose again this year to US$l.O3 billion (551.72 billion), up 23 per cent from 1998 s US$B36 million. Despite a weaker fourth quarter, the company has recorded its "34th consecutive quarter of year-over-year earnings improvement". The excellent cruise market
          72 words
        • Article
          Lock icon Club warns over Yemeni cargoes
          117 26 MUTUAL P&I and hull insurer the Swedish Club has issued a warning to shippers regarding bogus and inflated cargo shortfall claims at some ports in Yemen. Excessive spillage when unloading grain and overestimates of cargo casing damage have led to claims of up to U*****,000,
          117 words
        • Article
          Lock icon Austal moves into US market
          67 26 AUSTRALIAN Cast ferry specialist Austal is to link up with US firm Bender Shipbuilding and Repair to build ships for the US domestic market. Austal sees the US as a market with a huge potential for expansion, but needed to have its own US-based yard
          67 words
        • Article
          Lock icon NTA buyout gets the OK
          64 26 THE buyout of Swedish tanker firm N&T Argonaut (NTA) by rival World-Wide Shipping is now in the clear as World-Wide's stake rose above the 90 per cent level needed to force remaining shareholders to sell. The fleet owned by the Sohmen family is now 28
          64 words
        • Article
          Lock icon Log carrier sinks off Shantou
          49 26 ALL 17 crew of the 5,117 dwt bulk log carrier Violet Ocean were rescued by China Shipping Group's Yin Xing after it sank 64km south-east of Shantou recently. The Panamanian-flag ship was owned by South Korean firm Wonhee Shipping and had an all-Korean crew.
          49 words
        • Article
          Lock icon K-Line launches new service
          44 26 FROM Jan 8, Japan's K-Line will begin operating a new weekly three-ship service between Korea, northern China and Singapore. One of the 1,300 TEU ships is owned by K-Line, and two are on a space-charter arrangement from Regional Container Lines.
          44 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      206 26 PAGE Diafc Lloyd 8 ACL 6 Oongnanw 3 ANL 3 ECL 4 i Accord 8 ECO Line 6 Appenship 5 Evergreen 6 Austral 8 foongSun 8 Balaji Shpq 5 CLink 4 BSA 7 Gemartrans 6 B tanq Mas 8 Hangii 7 CCNI 7 Hanjin 3 CMA 8
      206 words
    • Article
      Lock icon SHIPPING GUIDE
      19745 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 14/01 13/02 CSAV CSAV HONGKONG 012S *****5755 To ABIDJAN (ABJ) 2003 Cote D'lvoire »/oi 13/02 Norsui csav hongkong 012s 65-*****33 a/01
      19,745 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        693 37 Vessel Voy No B«rth Arrival Departure SpC Capricor *****9 29/12/7:25 29/12/1940 Rupat »M<J| *****9 J03 29/12/5:55 29/12/23:00 Samftdewa 2 9 J06 29/12/9:15 30/12/840 Batuftcm 65 J*> 29/12/8:05 30/12/20:00 JamOi Jaya *****9 J03 29/12/8:20 29/12/23:15 Ca«alier 9907 J23 29/12/945 01/01/14:00 n«k) St* JUH-99 J02 29/12/10:20 29/12/23^0 Aitka Seraya 13/99
        693 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1917 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Btlance Rstls Ship Voy Mo Etb/Btr Poflod From To From *ci hachoua o«i 1/8.00 J 2222? a/rot n/uoo 4 a/i2oo a/M59 a/uoo ayu 8abu is M/iToo amoo a/859 ivnoo a 29/itoo nmm worn a 29/itoo a/0659 a/0900 j a/o/oo a/iB9
        1,917 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        209 37 Dm 30 Philippines: Rizal Day. Deo 31 Thailand: New Year's Eve. Jul Malaysia: New Year Day. South Korea: New Year Day. Taiwan: News Year Day. Denmark: New Year's Day. Finland: New Year's Day. Germany: New Year's Day. Ju 2 South Korea: New Year. Jan 3 Australia: Market Holiday.
        209 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        807 37 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 averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change and
        807 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        476 37 180 Max 992.1 2J 18.1 0.09 68 0.09 iw >1 Otniltv iittr Residue Ash A lumi niufli Sediment above E25 6 1 21 P* 23 T mn 3gQ Aw 983.8 0.5 12.4 0.06 32 0.02 380 Mai 9907 14 15J 0.08 67 0.04 WW} m/m m/m
        476 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon MAS urged to solve airport cargo woes quickly
        632 38 After 18 months' operations, problems at M'sian carrier's cargo centre still nnresolved Bernama [KUALA LUMPUR) Shippers and freight forwarders say the Kuala Lumpur International Airport (KLIA) MAS Advance Cargo Centre (ACC) must quickly re solve long-standing problems relating to cargo handling. They
        Bernama; FILE PHOTO  -  632 words
      • Article, Illustration
        Lock icon Vietnam Airlines slashes year-end flights by 50%
        91 38 [HANOI] National flag carrier Vietnam Airlines has cancelled 50 per cent of its international flights scheduled for tomorrow and Saturday, a company spokesman said. "Because of a fall in demand, we have cancelled half the flights, "an airline spokesman said. He said 30
        AFP  -  91 words
      • Article
        Lock icon China Southern Air to increase flights during New Year holiday
        142 38 [GUANGZHOU, China] China Southern Airlines will be expanding its New Year holiday flight schedule. China Southern Airlines, China's largest airline and the first to be certified fully Y2K compliant, will add 105 flights during the holiday period. including charters. There
        142 words
      • Article
        Lock icon US, German firms team up to buy Fairchild Aerospace
        340 38 FT [NEW YORK] Clayton Dubilier Rice, the US private equity house, has teamed up with Allianz, the German insurer, in a US$l.2 billion (551.99 billion) bid for Fairchild Aerospace, the maker of Dornier regional jets. CD&R will inject US$3OO million of
        FT  -  340 words
      • Article
        Lock icon Hainan Air's profit to surge
        96 38 Reuters (SHANGHAI) Hainan Airlines Co is likely to report a sharp rise in 1999 net profits to 148 million yuan (5529.6 million), the official China Securities newspaper reported yesterday. The newspaper did not give a comparison or say whether the figure was calculated under domestic
        Reuters  -  96 words
      • Article
        Lock icon Thai car output doubled in first 11 months
        254 38 Bloomberg [BANGKOK] Thailand's assembled car and truck output in the first 11 months of the year more than doubled from the same period a year ago. as domestic sales and exports surged. Vehicle output in January through November was 298,000 units, an
        Bloomberg  -  254 words
      • Article
        Lock icon Qantas probes loss of jet engine covering
        255 38 Inquiry into weekend's incident its third in as many months Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest carrier, has launched its third safety investigation in as many months after a jumbo jet engine covering fell off in mid-flight on the weekend. Fan ducting
        Bloomberg  -  255 words
      • Article
        Lock icon China Airlines delays sale of stake
        203 38 Reuters [TAIPEI] The state-directed foundation that owns Taiwan's China Airlines said that plans to sell half of its holdings in 1999 would be delayed indefinitely apparently for lack of a buyer. The China Aviation Development Foundation said it would not be able to carry
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1962 38 CITY FLIGHT ETA fUCMT ETD Adelaide SAT381 1930 BA7382 2050 Fuhuoha SOW 1540 S0990 0125 0F81 1930 Of82 2050 Guangzhou S0803 1910 C2352 0835 AN8229 2230 C2353 2045 S0804 1015 LH6380 2230 Hanoi **741 1310 VN740 1410 $0229 2230 VKS0743 1925 Amsterdam S023 0650 CA974 0120
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      16 25 The Baltic Exchange wiD remain clued for the Christmas and New Tear holidays until next Holiday
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      43 25 Bnck p.»gc I y/ 11 1L JL Cairo or Congo, j Sailing schedules to The African Continent. 2 4 hours a day in the Shipping Guide Fax-On- Demand hotline 740 6000. Another innovative service ottered by THIMI >l\! V-Timi siiiitiv.Timks I mi an
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      189 26 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com ATMC™ NIPPON YUSEN KAISHA SENLIM AGENCIES PTE. LTD. I 133, New Bridge Road, *08-09, Chinatown Point
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      687 26 Lines services represented 41 °< Refl«s»y <* Members o» the iwJJJ Accredited Shipping Agents. UIU Singapore Freight Forwarders Sfrore National Shipping Assoc Association SULY UNE MALE Ivissa VOY lIU |~ITA ns P.KIANG SPORE WUUi Empress Lily VOlOO 09/01 11/01 20/01 Princess lily VOlOO 24/01 26/01 03/02 Empress Uly VO2OO 14/02
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      1085 27 SAX SERVICE (DIRECT) vissa wr sum u» oak dai hou oo ax mbb ah ntc AWGAWtT Olti 15/12 30/12 04/01 04/01 04/01 04/01 04/01 04/01 05/01 05/01 AW SUB 016t 22/12 06/01 11/01 11/01 11/01 11/01 11/01 11/01 12/01 12/01 APISAMOHTX 0171 05/01 20/01 25/01 25/01 25/01 25/01 25/01 25/01
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      2017 27 ©HANJIN SHIPPING iklPl ifctalplM Safe *****30 HAHWN SHIPPING (S) PTIE LTD wn KKHWIG *****3S 737 SALfS *****74 731 POCIMtfWT *****7 774 OPBMBORS *****50 7SI MAM LHI( *****5S W TTTtHO aMO **********0 M TO NW USA CANADA USA CANADA* R* vsi/voy lIU uni hau/voy I su tw* do poi oi Sp
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      77 27 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgateombox2.singn<!tcom.sg mi'' Calcutta y iChittagong PORT LOUIS |02/01 I Karachi iv Jf COLOMBO 02/01 J KARACHI/LAHORE 06/01 Bombay h x Madras Bombay 06/01 I
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      1601 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfI'KKRANEANCANADA VtSSil vor IST LEH HTM MIR MOM WW FU Vtatl WOT MM 6IT W »C HI HANJIN SAM FRANCISCO 0015W 2t 12 15 01 17 tl 11.01 10 01 Sit 11.01 WASMWGTON SENATOR 0943W JO 12 1101 10 01 20 01 22 01 20
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      840 28 AM MAC-NELS S rURc IVTSIA Carrier: MN CONTR LINES, INC p.ouo*no:(o7)3«b™ I J cm *Ot iaoo*7sooooc SBU: (064) *****9 MAMLA: (632) *****24 w PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: pi) *****11 P. KELAHQ: (03) *****77 JKT: (21)*****45 KUOIWG (082) *****1-3 AIRES IX "EVER GENTRY" V.0318-080W ETA SIN: 31-12-99 BOOKING,
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      669 28 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vent I SPORE N SHEVA COLOMBO P.KLAN6 TULSIOAS V.III 02 JAN 12 MM 16 JAM 22 JAM TARPON SILVER V IMW IS JAN 11 JAN 23 JAN 29 JAN CAPE CANAVERAL V II7W II JAN 2% JAN 30 JAN OS FEB TULSiOAS V 119 25
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      1906 29 [vessel voy khh hko sin pko dxb dmm I ba I bik IRAN TAKHTI PCL-001 22/12 24/12 28/12 29/12 08/01 00/01 11/01 13/01 IRAN BAABAEI PCL-135 29/12 31/12 04/01 09/01 IS/01 16/01 18/01 20/01 IRAN TABATABAEI PCL-137 05/01 07/01 11/01 12/01 22/01 23/01 25/01 27/01 IRAN SEESTAN PCL-136 12/01 14/01
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      1116 29 20 DEC 99 EVERY MOMMY 1 TO LONODEACR -19 DAYS I TO OAKLAND 21 DAYS J I GENERAL AGENTS IN SINGAPORE 80 RORINSON RD TEL 226 1900 FAX: *****08 OUTWARD (8/1) COSTAR SHIPPING PTE LTD #12-00 SALES/IXGS *****57/43 inward DEFT (D/ 0) *****85 COSTAR AGENCIES (M) SON BHD QUO: **********018
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      766 29 IUKOEf IXPtKSS sorvtct EXPORT I IMPORT visa. VOT sm ia m w HO IHV ,HI vpsa jvor rm \hm m ijj la" NJ WUMGTOM 01M 104/01 21/01 23/01 24/01 25/01 24/01 27/011NilLONDOi 02N 09/12 11/12 14/12 15/12 02> 1 SSL- I Kswrm a—l ro 4 m i > taw. ■amvw.
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      1451 30 EOROPEAJK/SCAMDINAVIA/TINLAMD/RUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PHI SGP E OELUXE BW 013 01/01 20/01 2MI 22/91 24/01 25/01 28/01 E REACH RE-02C 0912 11/12 10/12 14/12 12*1 03*1 E DIVINE RW-001 08/01 27/01 02*2 29*1 31*1 01*2 02*2 E REPUTE RE 022 16/12
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      967 30 ADVANCE CONTAINER LINES (PTE) LTD ill ,1 TEL: *****21. FAX *****19, TELEX RS2O34OACLPI FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****6(V *****06 CR NO *****M0000E JAKABTA »(7 wun I voy an moc VBsa vor jkt KOTASEB [WJ/LCHI KSEOI9 30/12 Thu 2/1 Sun SUAE SUNDA (UTCI) 042 1/1
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      471 30 96 TELOK BUWGAH ROM) 062-62 OnfORT CENT*, STOK MM TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W VESSEL VOY ETA ETD DESTWATIOR BiMUMM 01/2000 01/01/2000 02/01/2000 MURTH MMUKWA 02/2000 06/61/2086 07*1/2000 PALEM6ARK/ PKL MLAMMURTOK KAGURI 01/2000 12*1/2000 1301/2000 PONTIANAK ILMAMUI 01/2000 12*1/2000 13*1/2001 MALAYSIA POTTfONTIANH For
      471 words
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      419 31 mm, MYANMA FIVE STAR UNE r (Myamar Natioool Line) W loading for Yaogoo (Raogooa) VESSEL VOY SM PRi PEN PGU MAWIAMYHK 07W SU SITTWI 91W 15/01 MALAYSIA AGENTS: OOUSIEAD SHIPPING AGENCIES RUL TEL (03)*****00 PKL 1H (03)*****01 PEN: TEL (04)*****02 PGU: TH (07) *****21/4 BANK LINE (A jervkt of Andrew
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      1207 31 HAfAT-' HYUNDAI n=™ wm OI lu.il im I via I Ml I HAM IKVI m. fvesa VOT I SOU I 181 IHMI AW I HAR IWV I m HTI 15 H7W 307ij T/ToT n/oi l»7oi jo/oi omm ot/u u/ii»/u w/u »/ii MOLBK Oil# 31/ J 21/01 22/01 14/01 11/01 HYBMAL
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      975 31 WALLENIUS WILHELMSEN TO NORTH AMD LATIN AMERKA CAR RORO HEAVYUFT SERVta* vissa VOY I AMP HEIGHT SIN LAJC CKL MIA SAV lAL I OKF HYC NEW I MOB TAJIO AHOOf 400 TMS 6JM U76T 10/02 17/02 20/02 22/02 24/02 «7oT 27/02 02/03 04/03 TOURCCXMG AHOO3 400 tan 4.3 M 27/01
      975 words
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      1771 32 INDONESIA NATIONAL LINE TO AUSTRALIA H RJU. COtfPMNBt BEHVICE va wj» w t in n> aw USUUI 24> JI/1I «4/»l 11/ M 14/11 17/11 noM»MSMf~ ~uT «/»i "ivii ji,ii n/»T ihncki ~»T n/ii w/T~ nw »/oi a/ri mawum i» |»/»i|»/»i|ti/w n/n FEEDER SERVICE TO INDONESIA «i vot smwi umu mmm
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      53 33 13 NEW BREAKBULK SERVICE I UOJMTC&IVS For Complete MjHMHM Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on FR. MEYER'S SOHN ISIB9 SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container Project Crosstrade Turn To Pg 14 every Mon/Wed/Fri I Details See Pg 4 HUB
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      67 35 MALDIVES NATIONAL LINE 1 IRAN AFGHANISTAN See Our Ad on Page 4 under Turn To Page 6 Seaward Shipping Cross Ports Agencies Pte Ltd. Intercontinental Pte Ltd COLUMBUS LINE Singapore Pte Ltd Look Q ut For Our o v V*/. i M Schedule Every Tuesday Providing You With More J
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      33 37 I AHOY! Europe. Sailing schedu Ics from Amsterdam to Zurich. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by Turin >im>sTi\ii:s I Snii'i'iv; I imi:s
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