The Business Times, 14 March 1997

Microfilm: NL20863
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, MARCH 14,1997
    13 words
  • Article
    MARKET SUMMARY
    47 1 D 8H33 (-23.06) QSmmihsmb) nirmr M 88UE (-15.60) D SmmUm) n KAKETKOOK 8J0CK MAMET DQHOBB imo*p-J!555-^5S MOB 1?J*«—ML 7$ BANG WNQ 7.M —-NLM SCTINDKX 7MJ8 4M JAKAITA OOMP —MUM 12.82 MA1WLACOMP IU TAIPH WPT +I3J6 SEOUL OOMP 167Jt 4M SttBfcSS tMpa amp B0V _4MJt -7181
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  • Article
    FINANCE
    64 1 US* 81 U» L«4 s „—u*—ias DM_________ M#l tM7 TBI m Ml« U7I m mm—«» hu aw BART tM MH WPIAH Ml Mtt MM SNQAfOMS* 144 KUALA LUWCI 1* JAKARTA 18.W BANGKOK 1126 8«g~ TAffB 336 8YDNKY, M9 TOKYO Wt SOUL WJ6 amor* m FRANKFURT**- 4.M LONDON Ml NEW
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  • Article, Illustration
    Lock icon Fang Ai Lian is Woman of the Year
    394 1  -  By i Clarissa Tan [SINGAPORE] Fang Ai Lian, the first woman in Singapore to head an international accounting firm, is Woman of the Year 1996. The annual award, given by the women's magazine, Her World, was presented to Mrs Fang at a
    ERIC CHU  -  394 words
  • Article, Illustration
    Tokyo cracks down on financial sector crimes
    477 1  -  Daiwa Securities and five major commodity brokers are the latest to come under scrutiny From. Anthony Rowley m Tokyo SIGNS are fast emerging that the Japanese government is orchestrating a crackdown on financial sector misdemeanours in the run-up to Japan's proposed "Big Bang"
    477 words
  • Article
    S'pore, HK among hardest hit as regional stocks slide
    280 1  -  By\ R Sivanithy [SINGAPORE] Triggered in part by a weak US bond market on Wednesday, regional stock markets went into reverse yesterday, with the Straits Times Industrials Index coming under added pressure following a worse-than-expected 11 per cent fall in January's
    280 words
  • Article
    Dow down 75 at 1pm
    39 1 [NEW YORK] Wall Street stocks took a hit yesterday after February retail sales data revived concerns of a Federal Reserve rate hike. At Ipm EST, the Dow Jones was down 75.81 points at 6,963.56.
    39 words
  • Article
    Gul Tech 135 times subscribed
    27 1 GUL Tech became another stag's dream yesterday when its public share offer was 135 times subscribed the third highest among Sesdaq IPOs.
    27 words
  • Article
    SM apologises to KL, says no intention to cause offence
    259 1 Offending words from affidavit not meant to be made public [SINGAPORE] Senior Minister Lee Kuan Yew yesterday apologised to Malaysians for remarks he made about Johor that have drawn angry protests, including from Prime Minister Mahathir Mohamad. "The Senior Minister
    259 words
  • Article
    Statement from SM Lee's press secretary
    315 1 "SENIOR Minister has been informed of the concerns expressed by Malaysian Foreign Minister Datuk Abdullah Badawi to the Acting High Commissioner of Singapore over certain remarks on Johor. He made this statement in a sworn affidavit on Jan 27,1997, in proceedings against Tang Liang
    315 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      128 1 maim Indonesia's Riady family is considering a major restructuring of Lippo's property holdings, P|lB H AMUmtIPO Precisian machining company MicroMachining Industries gets the green light for a mainhoard listing, P|l7 Au ■VSwHIB pg 17. If g perhaps time to bring back the tender system for those shares placed privately. 212*
      128 words
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      Page 1 Advertisements Column 2
      6 1 Retail sales up 0.8%, Pg 11
      6 words
    • Advertisement
      Page 1 Advertisements Column 3
      23 1 Full-year earnings y NBTCta) CHANGS PL 44.1 f 51 flTl 11.4 23.2 OmU 7.7 t 23.2 ■Mh 0.046 VWKMRI«Nir*M Fall report, Pg 17
      23 words
    • Advertisement
      Page 1 Advertisements Column 4
      66 1 Nomura to end 'VlP'client designation, Pg 19 LU > I f"* i Zf£v*' "V "> t+-JL v*' gfe%C jfcfei ''-*^s?*'* c t* fc--i- *-jSfi?- !> --V/ f~fc f TntfijlWji-^PWtin^flniJ-■ ***+'-10 i-Jl t ~Jr*r^ -4- f- r r c The Alfred Dunhill 1997 Spring/Summer Tie Collection. Indispensable for the immaculate traveller.
      66 words
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      Page 1 Advertisements Column 5
      6 1 Tang appeals to M'sia to lethimstaytnJohor,Pg2
      6 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Commercial floor space in Museum DGP to hit 625,000 sq m
      443 2  -  Sites mr MKT stations expected to ittruft mterest frjiii developers By Diana Oon THE government will increase the commercial floor space in the Museum DGP (Development Guide Plan) by about two-and-a-half times to 625,200 square metres in the long
      443 words
    • Article, Illustration
      Lock icon SCV goes all-out to wire up private estates
      521 2  -  By\ Catherine Ong SINGAPORE Cablevision (SCV) will go fUll steam in wiring up private estates for cable television this year, company president Daniel Goh said yesterday. It will also launch a ninechannel Microwave Multiple Distribution System (MMDS) for commercial buildings, particularly hotels,
      ERIC CHU  -  521 words
    • Article
      Law firms preparing for electronic filing system
      606 2  -  lfmwmwi cost for each of the 660 or se law firms will be abMt $10,000 By Diana Oon LAW FIRMS here could spend as much as $50 million on equipping themselves for the foil implementation of the re-cently-launched electronic filing system (EFS) in
      606 words
    • Article, Illustration
      Lock icon Building jobs hit $1.38b in Dec
      289 2  -  EYE ON THE ECONOMY Construction By Diana Oon CONSTRUCTION jobs awarded in December last year came up to $1.38 billion, contributing to the full year's total of $18.2 billion. The 19% volume of contracts awarded was 14 per cent above the $16 billion of
      Source: CIDB  -  289 words
    • Article
      Lock icon Tang makes appeal to M'sia to let him stay in Johor
      454 2 He has not yet sought asylum bat is making enquiries The Straits Times TANG Liang Hong has appealed to Malaysia to let him remain in Johor to conduct his legal battle against People's Action Party leaders. He said he
      The Straits Times  -  454 words
    • Article, Illustration
      Lock icon Growth in direct investment abroad slows to 21%
      442 3  -  External economy in *96 was about 38% the size of STpore economy; 1994 ratio was 30% By, Audrey Tan SINGAPORE's total direct investment overseas grew a slower 21 per cent to $46.2 billion in 1995, down from 32 per cent in 1994.
      Source: Dept of Statistics  -  442 words
    • Article
      Suntec City borrows $800 m to refinance loans
      176 3 SUNTEC City Development Pte Ltd (Suntec City) has borrowed $800 million to refinance existing loans, meet remaining construction costs and boost general working capital. Suntec City also said yesterday that with most of the project, including the entertainment centre completed, Suntec Tower
      176 words
    • NEWS Roundup
      • Article
        Developing entrepreneurs
        41 3 AN "entrepreneurship development programme" ft* Malay and Muslim businesses is being organised by tbs Singapore Malay Chamber of Commerce and Industry. This is the second time the 10-module programme, held over a year, is being conducted. It starts tomorrow.
        41 words
      • Article
        World Consumer Rights Day
        56 3 TOMORROW is "World Consumer Rights Day" which provides a platform for the consumer movement to publicise its views and concerns through the local initiatives erf groups worldwide. This year's theme—as decided by consumer groups across the world—is sustainable consumption. That is, the ability to fUtfU basic
        56 words
      • Article
        Harbourside: only 11 units left
        52 3 A COMPANY owned by Wuthetem Holdings founder Goh Chang Liang has launched Harbourside, a freehold 16-unlt residential development at Kampong Bahni Road. Yenomland is selling the units at $790 per square foot after discount. Marketing agent ERA Realty Network said yesterday that only 11 units
        52 words
    • Article
      British Telecom, NTT team up with ST Telemedia, S'pore Power
      536 3  -  Partnership will bid for Singapore's second ♦iJflrwng Kcffnce Catherine Ong BRITISH Telecom and Nippon Telegraph and Telephone Corp have teamed up with Singapore Technologies Telemedia and Singapore Power to bid for Singapore's second telecoms licence, the companies announced yesterday. The
      536 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      129 2 Why must you remain uncompetitive7 Say NO to see dramatic results. Chances are high that your company is still struggling with outdated batch processing accounting software. Which means there is considerable duplication of work in all the departments, reports are always delayed and morale of your accounts staff is low.
      129 words
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      Page 2 Advertisements Column 2
      42 2 i _l. Singapore s one and only duck restaurant at Hotel Negara An unforgettable dining experience of exciting duck dishes set against rustic beauty. Hotel Negara, 10 Claymore Road, Singapore *****0 Tel: 737 0811 x!l^BL' (Hotel Negara is located behind Chvhard Towers)
      42 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      24 3 T 10 Anson Plaza Singapore *****3 222 066S 224 8358 w I ||IVIvfIIRQ!!HvBIIMD^B I >*: I •>> I HBVC^BsOTvaaE^^HPX!??M^^^^H£^kok U^^^^^^^^^^^^^BhiiintfafciMßßiooni, BKakfeat,Tax, Service Omga, arid nmar KsrKTiimßitHißiNMMMl^^Bßßßolßl^H^^^^^^^^^^^^B
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      Page 3 Advertisements Column 2
      52 3 _"jtAt i /^Bnl^Vi fM jP^^y LE TEMPS CHANEL PREMIERE COLLECTION STEEL MODEL CHAIN BRACELET INTERLACED WITH LEATHER CASE WATER RESISTANT TO 30 METERS SCRATCH PROOF SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIQUES: NGEE ANN CITY. 391 ORCHARD ROAD. SINGAPORE TEL: *****20 ISETAN SCOTTS. 350 ORCHARD ROAD. SINGAPORE
      52 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      2892 4 (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 1996 The Company !>»jg ThtCompwy The Group i— 1— 1— Note 1996 IMS me mT SMARC CApfTAL wow wow wow W-000 SS'OOO Ssooo SS 000 KW~ Aidhorisad: FIXED ASSETS 7 g 834 g 029 ***** 42 545 250,000,000
      2,892 words
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  • FOCUS: ADVERTISING & MARKETING
    • Article, Illustration
      Now you know why you don't recall that ad?
      554 5  -  A volume that enlightens the advertiser, educates the student and entertains the consumer By] Lulin Reutens [SINGAPORE] AN informal survey conducted recently by a Malaysian newspaper found that not one respondent could recall a single piece of advertising they had seen,
      554 words
    • Article
      Showcase for the latest in cleaning equipment
      377 5 [SINGAPORE] The World Trade Centre will soon be "awash" with activity. From March 19 to 21, it will house the largest industrial cleaning, maintenance and building services trade fair in the Asia-Pacific region. Called Interclean Asia 1997, the fair is touted not only
      377 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      114 5 Home Decor For people who love their homes Creating Desire Sympress 233 pages i 2 game calls for steady, consistent play. 1» accurate are Sj^JP^g^gM^opKr have their role Over the The Rolex Masters has always the above abundantly. have been etched constantly on the faces players and spectators alike, f
      114 words
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  • SOUTH-EAST ASIA
    • Article
      Committee upholds land deal with Thai group
      227 6 MANILA A PHILIPPINE presidential committee yesterday upheld a controversial 1.89 billion peso (Sslo3 million) property joint venture between the government and a Thai-led consortium, Budget Secretary Salvador Enriquez said. But it also found some aspects of the 1995 deal questionable and said those
      227 words
    • Article, Illustration
      Lock icon High flyer
      55 6 BANGKOK] A member of the Thai Royal Navy team jumping out of a helicopter yesterday during practices at the International Parachuting Championship 1997. About 60 teamsfrom around the world are participating in the championship, which will run through March 24. Parachuting in Thailand has been categorised as a
      AFP  -  55 words
    • Article
      KL eases stock rule for insurers
      517 6  -  KUALA LUMPUR Firms can pomp more fands into stock market, except for highly-speculative second board By Eddie Toh INSURANCE companies in Malaysia which have assets of almost Msls billion (SsB.6 billion) have been given the green light to invest more of their funds in
      517 words
    • Article
      Lock icon Thai govt agency to run failed bank
      396 6 BANGKOK New management team to start work at BBC on April 1 AFX—Asia Reuter THE Bank of Thailand has approved plans for a government agency to take control of the failed Bangkok Bank of Commerce from April 1. BoT governor Rerngchai Marakanond was
      AFX—Asia; Reuter  -  396 words
    • Article
      Indon banking stocks hit by tough central bank talk
      366 6  -  JAKARTA JSE Index dips 12 pts as warning on credit growth sparks selling pressure Ry\ S N Vasuki BANKING stocks here came under heavy selling pressure yesterday following a comment by a senior Bank Indonesia (BI) official that financial institutions which
      366 words
    • Article
      Lock icon Multimedia corridor not to compete with S'pore: Mahathir
      234 6 ■JOHOR Bernama THE Multimedia Super Corridor (MSC) is not aimed at competing with anyone, particularly Singapore, Prime Minister Mahathir Mohamad said yesterday. The MSC is being developed over an area measuring 15 km by 50 km. The entire area will encompass the
      Bernama  -  234 words
    • Article
      Lock icon Thailand to cut long-distance rates
      351 6 BANGKOK 10% cuts for domestic long-distance calls seen adding to woes of phone firms Bloomberg THAILAND plans to cut domestic long-distance call charges by 10 per cent, curbing earnings at phone companies already squeezed by expansion costs and royalty payments to the government. Analysts yesterday
      Bloomberg  -  351 words
    • NOTE Book
      • Article
        Lock icon Negotiating team killed: Hun Sen
        86 6 AFP [PHNOM PENH] Cambodia's Second Prime Minister Hun Sen said yesterday that all but three members of a 15-strong government team sent to persuade hardline Khmer Rouge rebels to defect had been killed. "The information I just received which can be regarded as 80 per
        AFP  -  86 words
      • Article
        Lock icon Indon ministers unhurt in copter incident
        37 6 Reuter [JAKARTA] Indonesia's Health Minister Sujudi and Food Minister Ibrahim Hasan and other officials escaped unhurt when their helicopter made an emergency landing at a Sumatra airport yesterday, Antara reported. Reuter
        Reuter  -  37 words
      • Article
        Lock icon Few locals tap M'sian tax incentives
        64 6 Bridge News [KUALA LUMPUR] The Malaysian government is concerned over the small number of local entrepreneurs who take advantage of the various tax incentives offered by the government, Bernama said yesterday. Finance Ministry secretary-general Clifford Herbert said the government's incentives were aimed at increasing
        Bridge News  -  64 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      110 6 Savour award-winning haute Shanghainese cuisine at unbeatable prices during our Toast to Fine Dining promotion, an< com P' ement our sumptuous dishes with complimentary red or white wine. The culinary talents of our master chefs combined with our unique French Gueridon-styled service, guarantee a experience you forget. The to on
      110 words
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      Page 6 Advertisements Column 2
      86 6 IMMI A jAl_ifiAillikUAAi4 >|arih4AAAlAflfeAlA tTiui I WOfKTWKM (Mm 01 mU vnUnHMCSpiinra prwTBSSfOiwS VvG i network of international offlcis, OCRA provides confidential end I cost effective company formation in iH the mtjof low tlx areas inducing: II FuH Professional after sales services provided. For a FREE copy of our 100 page
      86 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Fujian province okays direct Taiwan-China sailings: report
      462 7 TAIPEI Taiwan radio says applications to sail have been sent to Beqing for review Reuter TAIWAN state radio yesterday said China's Fujian province had given preliminary approval for four Taiwan firms to sail across the Taiwan strait portending the first direct crossings since
      Reuter  -  462 words
    • Article, Illustration
      Lock icon Gearing up for July 1
      62 7 (HONGKONG] Workers at the Red Flag Decoration Cofolding flags of the new Hongkong Special Administrative Region (SAR)yesterday. The company is producing the flags on a per order basis. Most of the flags will be used for celebrations in the mainland and in Hongkong to mark
      AFP  -  62 words
    • Article
      Lack of pricing details from HK airport alarms Iata
      376 7  -  HONGKONG By] Loh Hui Yin AIRLINES belonging to the International Air Transport Association (lata) have criticised the Hongkong Airport Authority's "lack of transparency" over its plans to charge high rates for the use of the new Chek Lap Kok airport. Lim
      376 words
    • Article, Illustration
      Lock icon Tsang defends HK budget, says he is no puppet of China
      505 7 HOMGKOIfa BUDOHT He is rapped for drafting what many call a miserly budget Reuter [HONGKONG] Hongkong's Financial Secretary Donald Tsang yesterday rejected suggestions he was Beijing's puppet in formulating his budget for the financial year straddling the colony's return
      Reuter  -  505 words
    • Article
      Lock icon HK land supply not matching demand
      251 7 HONGKONG Reuter HONGKONG Financial Secretary Donald Tsang acknowledged yesterday that the territory's land supply is tight and not adequate to match rising demand, and is a factor in high property prices. "In terms of property prices, it's a consequence of market movements. We have
      Reuter  -  251 words
    • Article
      Lock icon Guangdong really firms not in queue
      137 7 BEIJING Reuter CHINA'S southern Guangdong province will not recommend real estate or financial firms for listing in the near future. The China Securities newspaper yesterday said Guangdong securities regulators had issued a circular saying priority would be given to listing firms involved in energy,
      Reuter  -  137 words
    • Article
      Lock icon China slams US over Congress' HK bill
      201 7 BEIJING Reuter CHINA yesterday criticised the United States for meddling in Hongkong, saying a US House of Representatives bill calling on Beijing to honour its treaty obligations was gross interference in Chinese affairs. Foreign Ministry spokesman Cui Tiankai said no foreign government had
      Reuter  -  201 words
    • Article
      China expands direct trading rights
      389 7  -  SINGAPORE Chinese official says new measures aimed practices in line with WTO rules By. Lu Ning IN WHAT is seen as a further step to free up its restrictive trading regime, China has officially relaxed conditions for domestic enterprises to conduct direct foreign trade. Under
      389 words
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      308 8 You MAY NOT BE ABLE TO BEAT THEM. I But you can join them. r r T Jack Nk ki.AI I Arnold Falmf.r I JTS&QSt£?&*- Gary Player j ryy&x V J -r-af,, S' w- r*' •< 2l£j&?V, j^r v T .v- T Photograph taken ai The Legends (><»H > ...ur\
      308 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      329 9 Own a luxury freehold BUNGALOW AT THE LEGENDS, ASIA'S PREMIER GOLF AND COUNTRY RESORT V Vr 1 v ~xr-. f .Zf A T V" vV V? "-,*#lr" •T"- tL.Vf»« vji 1 ;i V *y' Z. t, >.••„ ">* >• .;< *»v -r 1 '*X' r f V V ,-*V:- r
      329 words
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  • ASIA
    • Article
      Japanese economy posted 3.6% growth last year
      412 10  -  TOKYO 1997 growth set to fall to 1% as tax hikes pot strain on personal consumption By, Anthony Rowley JAPAN'S economy grew by a somewhat stronger than expected one per cent in real terms in the final quarter of last year, pushing growth
      412 words
    • Article
      Lock icon Pakistan seen at odds with IMF
      196 10 KARACHI Reuter THE new Pakistani government's growth-oriented approach to economic problems may lead to friction with the International Monetary Fund (IMF), a research report said yesterday. An IMF mission is in Islamabad for a two-week review of the economy prior to a decision on
      Reuter  -  196 words
    • Article, Illustration
      Lock icon Kim names 'Mr Clean' party chief
      464 10 SEOUL President risks loss of power to strong-willed politician: analysts Reuter SOUTH Korean President Kim Young Sam, forced to apologise last month over a bribery scandal, yesterday called on his ruling New Korea Party to repent. In a display of resolve, he named a
      Reuter; REUTER  -  464 words
    • Article
      Lock icon Japan to press US on telecoms licences for NTT, KDD
      327 10 TOKYO US delays approval in bid to open Japanese high-tech market AFP JAPAN is considering pressing the United States to reverse its decision to delay approval of licence requests from two Japanese telecom giants, a senior government official said yesterday.
      AFP  -  327 words
    • Article
      Lock icon NZ rates slide as central bank surprises market
      300 10 WELLINGTON Reuter THE Reserve Bank of New Zealand (RBNZ) caught financial analysts offguard yesterday when it announced a surprise easing of monetary conditions. The unforeseen move prompted short-term interest rates to tumble almost a quarter of a per cent and the "Kiwi"
      Reuter  -  300 words
    • Article
      Lock icon 13 Asian firms enjoy 8% of total sales in Japan
      406 10 TOKYO AFP JAPANESE investment in East Asia has prompted a concurrent increase in activity by Asian companies in Japan, with South Korean firms leading the way, a leading consultancy group has found. Paris-based Gemini Consulting said in a report this
      AFP  -  406 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      217 10 Since 1885, SCHIMMEL, Germany's leading piano manufacturer, has been cultivating the haute ecole of the fine ort and craft of piano manufacturing. On this basis, and in close collaboration with Professor Luigi Colani, the piano of The f uture e B asus Grand figurine on the was created. SchimmeUColani grand
      217 words
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      Page 10 Advertisements Column 2
      38 10 Discover The Art of Healthy Dining at DRAGON PARK VEGETARIAN RESTAURANT It 4) ***4* I 1 >>'■• th<* art of h<• i V Maurant. Set i" ,1 *<t> -.<• an i hirutown Dragon Park .v. u:- f 'vquiMte v. ith
      38 words
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  • THE WORLD
    • Article
      Lock icon Good reception for Russia's jumbo mark Eurobond
      319 11 LONDON Reuter RUSSIA raised 2 billion Deutshcemarks (Ssl.7 billion) yesterday in its second-ever international bond issue, which was well-received by investors. "There has been a very good reception of the Russia Eurobond," an official at joint lead manager Deutsche Morgan Grenfell said. The
      Reuter  -  319 words
    • Article
      Lock icon Beijing fund-raising scandal charges rouse unease in US
      269 11 WASHINGTON China-theat theorists call for new course in US China policy FT SPREADING allegations that Beijing attempted to funnel illegal campaign contributions to US political parties and candidates have added to a growing sense of unease in Washington over US-China policy. Dan
      FT  -  269 words
    • Article, Illustration
      Russia-watchers applaud the rise of Chubais
      784 11  -  EUROPEAN VIEW Kohl has no time for coal while Paris doesnt change with time By Kevin Sullivan The writer is a Spain-based journalist who contributes to BT ANATOLY CHUBAIS is once again the flavour of the month. On Tuesday, the 41-year-old wunderkind—reappointed to Russia's
      784 words
    • Article
      Lock icon US trade deficit widened to US$165b last year
      473 11 WASHINGTON Retail sales up 0.8% last month, the strongest gain since Feb last year Bloomberg Reuter THE US trade deficit in goods, services and investments widened to US$l65 billion (***** billion) in 1996, the largest shortfall in almost a decade. Net foreign
      Bloomberg; Reuter  -  473 words
    • Article, Illustration
      Lock icon In a flutter over job insecurity
      54 11 [PARIS] A French part-time actor spreading his wings at the end of a demonstration near the Eiffel Tower on Wednesday. Several thousand part-time musicians, movie and theatre actors and actresses were demonstrating to protest against the insecurity of their job situation and to demand
      REUTER  -  54 words
    • Article
      Lock icon Another blow to City's reputation
      488 11 LONDON Nat West reveals failure to detect losses by trader AFP THE reputation of The City, London's financial district, suffered yet again yesterday after major British bank Nat West revealed that it had failed to detect losses by a junior trader for over two years.
      AFP  -  488 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      129 11 M\ THE flr M GREAT I SINGAPORE 1 SAIL Where else in Singapore can you walk on a sandy beach, sip and swim in a pool right by the lapping waves, 3 CT dine in cool airy comfort with the best sea view in town or party under starry skies
      129 words
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  • Page 12 Advertisements
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      333 12 ,,;''1Sk M^L&-' air' > GARDENVILLE. •«fc- Ml FreekolJ Residences m^m—m^mMM mmm mmmm^m^^ ******MMaaMBHB M—————^^^^^—^^fmmm^mamm—— If *»A <."i «f{t >•♦*'.(> ft ...w; t >1 ifH -«imo od t-.in-tf .w>.j.i-i noi>. •<.,■ I* ,*1 tt Located Next To Shangri-La. ,o/ f HUME LOCATION IN UK OfiCBABD ftOAD AfiEA. I( >.rJi.. UJ PMME
      333 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Human rights are a one-way street for EU
      773 13  -  OPINION THE BOTTOMLXME By Michael Hindley The writer is a Member of the European Parliament THE latest ministerial talks between the Commission of the European Union (EU) and the Association of South-East Asian Nations went well, with a full and useful exchange
      773 words
    • Article
      IN OTHER WORDS
      144 13 'I look upon Dracula as being a very sensuous man, with a definite sexual attraction to his victims. He is turned on by certain women the most beautiful women he can find.' LJI DcQ tXeVcusGQ the Houston Ballet's artistic director on the character of the hero of
      144 words
    • Article
      Hongkong on a steady course
      627 13 EDITORIAL DONALD Tsang was true to form when he presented the Hongkong government's budget proposals: the Financial Secretary resisted the temptation to recklessly cut taxes despite the mountain of cash in the colony's coffers as the business community would have wanted it In fact, the
      627 words
    • Article, Illustration
      New frontiers of tax
      1214 13  -  The increasing integration of world markets will shape tax systems of the 21st century By Mukul Ashor TAX systems of the future will be shaped by two trends that are here to stay: the globalisation of economic activities and the increasing integration of financial and capital
      1,214 words
    • Article
      WHAT THE OTHERS SAY
      681 13 Vetanyaho holds the aaswvr BENJAMIN Netanyahu, Israel's Likud Party prime minister, is fond of telling Americans he is the only Israeli politician today who can build a majority in Israel that can take Oslo to its logical conclusion. I think he's right, and if he's ready
      681 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      49 13 DOOWESBURT By Garry Trudeau aeu,SINCE WUUMTTO fNO,lmanttobea I UJV&rTH&z, \AFBYOU f 0.J.. ive Be A PROSB- GURFBZ. THATZ really PUBLIC/SHY mjt m I P£SIGNfiTB!Tte\siUMN6\ O&NLSAN- QJTOR? OR. HJHYICAMZ HBRB—JO §|b BACK UP j LAI/U SCHOOL 1 YOUN6 i INGTOMXP APUPUC \G£T GOOP GNOU6H TO r XjVSmONj J chminallam. pereNPeß*
      49 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Clash over da Vinci exhibits
      668 14  -  Questions of authenticity have been raised about some works in a show on the artist says bpchari. rm.th MICHAEL ELLIS Reuter AN EXHIBIT on Leonardo da Vinci encompassing the range of his art, inventions and scientific studies has stirred controversy over the authenticity of some
      Reuter; REUTER  -  668 words
    • Article
      Lock icon Japan now land of rising stars
      478 14 EXHIBITIONS Spotlight an Tokyo's young writers at Paris Book Fair AFP [PARIS] The Land of the Rising Sun has become the land of the rising stars at this year's Paris Book Fair. No fewer than 20 Japanese authors, many still in their 30s, are
      AFP  -  478 words
    • Article, Illustration
      Lock icon Shakespeare falls from grace in US
      497 14 PROFILE DPA [WASHINGTON] Widely regarded as the greatest English author ever, William Shakespeare is at present experiencing a remarkable renaissance in the US in the world of Film at least Romeo and Juliet, for example, or Hamlet, both currently doing the rounds of America's
      DPA; FILE PHOTO  -  497 words
    • Article, Illustration
      Lock icon Lagerfeld's atypical collection disappoints
      666 16 FASHION Winter at Chanel was historically correct but devoid of the house's signature glitz AFP [PARIS] Loyal Chanel customers will probably be disappointed by the winter collection sent out by Karl Lagerfeld on Wednesday. Conspicuously absent were the chic little cardigan jackets and signature suits, which
      AFP; AFP, REUTER  -  666 words
    • Article
      Lock icon Sampras suffers first defeat of '97
      482 16 TENNIS Reuter [INDIAN WELLS, California] World No 1 Pete Sampras suffered his first loss of the year on Wednesday when 43rdranked Czech Bohdan Ulihrach beat him 7-6 (7-5) 7-5 in the second round of the Champions Cup. Sampras arrived on stadium court having won
      Reuter  -  482 words
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      8 14 Home Decor For people who love their homes
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      195 14 'I'm WEATHER Stngaporee Showers with thunder over most areas in the late afternoon. Tempera ture (33-23) Europe HVU* CM. CM. HM m/U* OmmL Mnta 13/04 (loudy UUnU 1118 (Vmh AurtdM 2J/IS Sony Uhrw I VOX CMl> HwumAM 2V15 (Mtv to** X.-H (tody Berti IMB (tod> Cbr*> »"20 (tody li« (todv
      195 words
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      32 16 Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC ~jngdpore Kinokuniya Shell BP PreSS mph esso WKB Holdings k
      32 words
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      375 16 BUSINESS Notices r M THE MATTER Of THE MM ACT, CAP SO ANO M THE MATTER OF WtMU (CHINA) PTE LTD (In Membera' Voluntary I Iqidrtalliin) NOTICE IS HEREBY GIVEN pursuant to Section 308 of 8te Companlai Act. Cap SO. fiat a I), atin n ga, rim MMinj of wm
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  • COMPANIES & MARKETS
    • Article
      Gul Tech offer 135 times subscribed; joins Sesdaq top 3
      308 17  -  IPO WATCH Five other IPO hopefuls await fimU nod from SES Reports Annette Pau [SINGAPORE] Gul Technologies' public share offer closed yesterday a hefty 135 times subscribed a clear sign that IPO sentiment has not waned despite the overall market's
      308 words
    • Article
      Transtech targets Aug listing to raise $ 18m
      341 17 Transtech targets Aug listing to raise 18m [SINGAPORE] Local electronics contract manufacturer Transtech Electronics hopes to raise some $18 miUion from a main-board listing in August, managing director Alan Tan said yesterday. He was speaking to reporters after the company celebrated the official opening of its $14-miUion headquarters building and
      341 words
    • Article
      SmaLl punters to get bulk of Noble IPO
      203 17 [SINGAPORE] Close to twothirds of the 10.3 million shares offered by Hongkongbased Noble Group Ltd will go to small investors those who applied for up to 9,000 shares. Specifically, small investors will get 63.2 per cent of Noble's initial public offer. At
      203 words
    • Article
      C&C gearing to meet head-on threat from parallel imports
      643 17  -  HOCK LOCK SIEW Christopher Tan LITTLE was mentioned about parallel importers when Cycle Carriage Ltd gave a briefing on its results yesterday. In fact, the threat probably the single largest it is facing in recent history warranted just one line in
      643 words
    • Article, Illustration
      Lock icon Micro-Machining gets IPO nod
      260 17 [SINGAPORE) Precision machining company Micro-Ma-chining Industries yesterday said it had received the nod for a mainboard listing. Its initial public offer is expected to take place by monthend, joining a queue formed by New Toyo, Rallies Medical Group, Serial Systems and Excel Machine Tools. Market sources
      ARTHUR LEE  -  260 words
    • Article
      HPL beats forecasts with 51% jump in profit
      390 17 Rise due to profit from Nassim Jade and Scotts 28 being booked By Ang Wan May (SINGAPORE] Tycoon Ong Beng Seng's Hotel Properties Ltd outperformed analysts' predictions yesterday by posting a 51 per cent jump in profit to $44.1 million despite lower
      390 words
    • REGIONAL COMPANIES
      • Article
        Riadys may restructure listed property holdings
        611 18  -  JRevamp may see infusion of new capital by foreign groups: analysts From l S N Vasuki in Jakarta INDONESIA'S Riady family founders of the giant Lippo group is considering a major restructuring of its listed property holdings. Analysts said that the restructuring, which has
        611 words
      • Article
        Tycoon Sampoerna to raise Indofood stake
        413 18 He plans to make it 15% after baying 5.63% this week [JAKARTA] Indonesian tobacco tycoon Putera Sampoerna plans to lift the 5.63 per cent stake he acquired in PT Indofood this week to 15 per cent eventually, it was reported yesterday. Mr Sampoerna bought
        413 words
      • Article, Illustration
        Lock icon Sembawang Shipyard's edge
        55 18 [SINGAPORE] Sembawang Shipyard's latest pride and job on the Indonesian island of Karimun will be officially opened by Prime Minister Goh Chok Tong and Indonesian President Suharto on Monday. PT Karimun Sembawang Shipyard, which will compete primarily on price, is expected to become profitable in its third
        ARTHUR LEE  -  55 words
      • Article
        Ossia meets forecasts with 23.2% profit rise
        339 18  -  By, Jenny Lam [SINGAPORE] Sporting goods distributor and manufacturer Ossia International has reported a 23.2 per cent rise in net profit to $7.68 million, in line with a forecast in its listing prospectus and market expectations. However, the company, which was listed on
        339 words
      • Article
        S'pore Technologies Pte unit seeks PSE membership
        424 18  -  Tratiag starts at UOB Securities Philippines From, Al Labita in Manila A NEWLY-FORMED stockbroking house owned by Singapore Technologies Pte Ltd is applying for membership of the Philippines Stock Exchange (PSE). PSE chief operating officer Rafael Llave yesterday said the exchange's 186 brokermembers
        424 words
      • Article
        Van der Horst unit issuing new shares to raise 1.2b pesos
        407 18  -  From Al Labita in Manila [MANILA] A listed unit of Singapore's Van der Horst Ltd is raising 1.2 billion pesos (5565.4 million) to push its expansion projects in the Philippines, an official said yesterday. East Asia Power Resources Corp
        407 words
      • Article
        Kotjo sells entire 8.4% UPP stake for $14m
        223 18 [SINGAPORE! Johannes Kotjo has sold his entire 8.4 per cent stake in United Pulp Paper for over $14 million. A brief notification to the company yesterday said Mr Kotjo sold his 9.7 million shares at $1.50 each on Wednesday. The deal pushed
        223 words
      • Article
        Keppel unit to build its second distripark
        184 18 [SINGAPORE] Following the success of its first distripark in Benoi, Keppel Logistics (formerly W&T Logistics Pte Ltd) is planning a second, having acquired a 12-acre site in Jurong for about $9.8 million. The wholly-owned subsidiary of Keppel Telecommunications Transportation said yesterday it had
        184 words
      • COMPANY Briefs
        • Article
          FU Yu's net profit falls 24%
          92 18 [SINGAPORE] Bogged down by last year's electronics slump, ma inboard-listed Fu Yu Manufacturing yesterday reported a 24.2 per cent drop in net profit to $11.4 million for the year ended Dec 31. Turnover rose 13.4 per cent to $206.2 million. Earnings per share were
          92 words
        • Article
          Eltech recovers with $46,000 net profit
          84 18 [SINGAPORE] Main board-listed Eltech Electronics returned to the black last year after two years of losses. It posted group net earnings of $46,000 for 1996 on an 8.7 per cent rise in group turnover to $112.21 million. Earnings per share in 1996 amounted to
          84 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Two Shanghai electronics firms to merge via share transfer
        329 19 Merger first of a series aimed at bailing out ailing pillar industries AFP [SHANGHAI] Shanghai authorities have approved the merger of two listed electronic equipment companies, the first of a series of mergers expected to bail out pillar industries which are
        AFP  -  329 words
      • Article
        Lock icon Nomura to end 'VIP' designation for clients
        201 19 AFP Bloomberg [TOKYO] Nomura Securities will discontinue its practice of designating selected clients 'VlPs' at the end of March in response to recent allegations it has given unfairly favourable treatment to these customers, the company said in a statement. Nomura's favourable treatment of
        AFP; Bloomberg  -  201 words
      • Article
        Lock icon Newsprint savings benefit Mirror's titles
        279 19 Reuter [LONDON! The Mirror Group is seeing a 20 per cent reduction in its newsprint bill but is ploughing some of the money saved back into its titles, chief executive David Montgomery said yesterday. "We are trying to enhance our papers rather than cutting the
        Reuter  -  279 words
      • Article
        Lock icon RTZ-CRA, Plutonic settle Kelian suit
        170 19 Bloomberg [MELBOURNE] RTZ-CRA, the world's largest mining company, has reached an out-of-court settlement with a group of five Australian companies associated with Plutonic Resources Ltd and Resolute Ltd, according to a joint statement by Plutonic and CRA issued yesterday. The litigation was over CRA's takeover
        Bloomberg  -  170 words
      • Article, Illustration
        Lock icon Keys to tomorrow's technology
        47 19 [HANOVER, Germany] A worker of Dutch company Philips cleaning a keyboard dummy at the CeBIT technology trade fair here on Wednesday. The fair, the largest of its kind in the world, was opened to the public yesterday and will last until Wednesday. REUTER
        REUTER  -  47 words
      • Article, Illustration
        Lock icon Coles Myer posts 41% surge in earnings after two-year nightmare
        517 19 Recovery boosts share price of biggest Australian retailer Reuter [MELBOURNE] Australia's biggest retailer Coles Myer Ltd yesterday reported a 41 per cent surge in half-year earnings, its first profit rise in almost two years. The result buoyed Coles' once-sinking share
        Reuter; FILE PHOTO  -  517 words
      • Article
        Lock icon Proton distributor EON starts used car division
        473 19 EON Motoria to open 10 branches and 10 outlets this year AFP [KUALA LUMPUR] Malaysia's national Proton car distributor Edaran Otomobil Nasional Bhd (EON) yesterday officially entered the used car market having already cornered the bulk of the domestic passenger car market. Naming
        AFP  -  473 words
      • Article
        Lock icon S Korea's Sunkyong Group to freeze wages
        281 19 Reuter [SEOUL] South Korea's Sunkyong Group yesterday said it planned to freeze this year's wages for all employees at last year's levels. The group said the move was to help its affiliates endure the current economic difficulties and hone industrial competitiveness. The Sunkyong
        Reuter  -  281 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Four stocks in Dow industrial index to be replaced
        322 20 AFP [NEW YORK] The Dow Jones group announced on Wednesday it was rejuvenating the index of blue chips that bears its name, replacing four issues whose influence has changed with dynamic new stocks. The Dow Jones Industrial Average's first change in
        AFP  -  322 words
      • Article, Illustration
        Lock icon Marsh & McLennan back on top with US$1.8b merger
        327 20 Marsh McLennan back on top with US$1.8b merger Johnson Higgins acquisition helps US firm regain spot as world's biggest insurance broker FT [NEW YORKJ Marsh McLennan, the international insurance broking and financial services group, has trumped its nearest rival Aon with the USssl.B billion (552.6 billion) acquisition of Johnson Higgins
        FT; Source:  -  327 words
      • Article
        Lock icon Apple likely to announce big job cuts, loss today
        421 20 The troubled PC maker also will specify which product lines it plans to drop Reuter [NEW YORK) Apple Computer Inc, undertaking a second restructuring in a year, is expected to announce today thousands of job cuts and a huge loss for
        Reuter  -  421 words
      • Article, Illustration
        Lock icon Sabena in the red for 5th year with 8b franc loss
        289 20 [BRUSSELS] Sabena SA, Belgium's national airline, reported a greater-than-expected net loss of 8.86 billion Belgian francs (Ss36o million) for 1996, its fifth year in the red. Sabena said its earnings fell last year because of onetime restructuring costs and
        REUTER  -  289 words
      • Article
        Key developments to help Net meet new challenges
        374 20  -  From\ Koh Su Haw in Los Angeles DIGITAL Equipment Corporation chairman Robert Palmer foresees that "the Internet will grow and evolve" as it becomes part of daily life. He noted three technological developments which will facilitate this monumental shift toil "n«w universal
        374 words
      • Article
        Lock icon Hoechst scraps plan to spin off drugs unit
        154 20 FT [FRANKFURT] Shares in Hoechst, the world's largest drugs and chemicals group, tumbled 8 per cent on Wednesday after the group revealed it had abandoned plans to seek a separate listing for its pharmaceuticals business. It also revealed fourthquarter results well below
        FT  -  154 words
      • Article
        Lock icon Digital pay-TV: logical if German groups close ranks
        304 20 NYT [FRANKFURT] On paper, a deal to end the wrangles besetting the development of digital pay-TV in Germany looks easy. Three key players DF-1, Premiere, and Deutsche Telekom all hold valuable cards, but can't work alone. Premiere, the analogue subscription channel owned
        NYT  -  304 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Nymex plans to launch Asian crude contract
        428 22 Launch will follow exchange's link with Hongkong Futures Exchange this summer Bloomberg Reuter [BOCA RATON, Florida] New York Mercantile Exchange officials expect to launch a new crude oil contract for the AsiaPacific region by the end of the year. The launch would follow
        Bloomberg; Reuter  -  428 words
      • Article, Illustration
        Lock icon Cold comfort
        84 22 [COLOGNE] A German coal miner sitting against a camp fire as he tries to get some warmth near the Cologne soccer stadium on Wednesday. About 10,000 miners spent the night in a provisional camp outside the stadium prior to a last attempt, between the coal miners union and
        REUTER  -  84 words
      • Article
        Lock icon Smith Barney, Lehman Bros told to refund US$5.6m
        360 22 Firms overcharged investors who sold mutual fniids NYT [NEW YORK] Because of a complaint from one disgruntled investor, several thousand people who were overcharged when they sold mutual funds held in accounts at Smith Barney and Lehman Brothers will get US$5.6 million
        NYT  -  360 words
      • Article
        Lock icon UK insurer cautious about India
        257 22 AFP (BOMBAY] Britain's Guardian Insurance yesterday said it was taking a cautious view of the Indian health insurance market, which New Delhi opened up last month. "It is too early to comment on our plans for the Indian health insurance market, though we are keen
        AFP  -  257 words
      • Article
        Lock icon Nymex chief calls for level playing field with LME
        332 22 Bloomberg [BOCA RATON, Florida] The chairman of the New York Mercantile Exchange says he wants a "level playing field" with the London Metal Exchange, whether that means more regulation on the LME or less on US exchanges. Nymex chairman Daniel Rappaport
        Bloomberg  -  332 words
      • Article
        Lock icon KL supports Indon move to close palm oil sector to foreigners
        219 22 Bridge News [JAKARTA] Malaysia's Minister of International Industry and Trade Rafidah Aziz said on Wednesday that her country supports Indonesia's move to close the palm oil sector to foreign investment. The minister addressed the subject following her presentation to
        Bridge News  -  219 words
      • Article
        Lock icon Euroyen, JGBs up as Nikkei tumbles
        231 22 SOKEXReport Reuter (SINGAPORE) Simex Euroyen futures made headway yesterday as Japanese government bond (JGB) futures reached new highs on active cash bond buying and a sharp drop in Tokyo stocks. Dealers said seasonal demand ahead of the Japanese financial year end on March 31
        Reuter  -  231 words
      • Article
        Futures traders happy with 1-pt discount
        192 22  -  MSCX TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan futures traded in a tight range yesterday with the March contract dominating trade. Traders seemed comfortable to buy the March contract at around one point discount
        192 words
      • Article
        Lock icon High sulphur fuel oil market quiet
        197 22 ENERGY REPORT Reuter [SINGAPORE] The high sulphur fuel oil market was quiet yesterday with many traders waiting for clearer directions. Traders said that a lack of physical activities and movements in the swaps market dampened sentiment and discouraged trading. In the swops market, fuel
        Reuter  -  197 words
      • Article, Illustration
        Untitled
        1458 22 niTERBAME CROSS RATES Uari3 AS C$ >w> ECU Ffr Dw HK$ tad ts ill* Yen Won MS »2$Mih Pwo S$ land Sfr UTS Brtt htmi US$ Australia 1080 6.178 0.692 4.524 1.342 6.137 28.414 19.011 0.968 6.962 1961 1.159 31.848 20.860 1136 1492 1153 21.814 20.549 0.495 0.792**» Canada 0.926
        1,458 words
      • Article
        Lock icon CURRENCY REPORT
        282 22 Reuter London THE US dollar gained ground against all other major currencies after the announcement in Washington of US retail sales figures for February, forex dealers said. At 1410 GMT, the dollar was trading at 1.6999 marks against 1.6952 just before the announcement and 1.7001 on Wednesday. It
        Reuter  -  282 words
    • Article
      COMMODITY PRICES
      1769 23 SICOMFPTUEBS Mar 13 RU8KR (fataras doti* as S JO—) RSS 1 CONTRACTS cwtsA,) Close Votant OpMonth Mgh tow Sett (ton—s) Interest Apr 97 174.25 150 175 May 97 175.75 1125 Jan 97 176.75 850 Jul/Sep 97 178.50 150 5835 Oct/Dec 97 179.50 179.50 180.00 450 4200 Jw/Mir 98
      1,769 words
    • Article
      WORLD STOCK MARKETS
      2373 23 as* London: FTS£-100 4J97.T -2*S Parte: C AC *40 2,***** 1041 StocHMkKOMX 2.W4-J7 3.64 Frankfurt OAX 3J4MI -*539 ■rwoootc BCL-20 2,791.82 -W.79 unov AncttrdaiK COC 758.03 U8 Zurich: SUM 4.60ft* -66.3 J*W*Jah«Hnd MT3.T *$J sea Toronto: TSCConp MS7.21 4US Now York: Dow Jonot 7,***** -45.79 LOtflnm Mvstriais
      2,373 words
    • Article
      Lock icon TOKYO
      1658 23 Reuter Q Nikkei 225 -***** STOCKS ended at their lowest level since Feb 7 yesterday as sentiment weakened on a series of recent corporate scandals, brokers said. The feeble tone was hurt further in late afternoon by rumours that Daiwa Securities was being inspected by Japan's securities watchdog. But
      Reuter  -  1,658 words
    • Article, Illustration
      Lock icon HONGKONG
      1653 24 Bloomberg Q Hang Seng -202.04 STOCKS fell to their lowest in almost three months yesterday as real-estate developers tumbled amid concern that rising interest rates will squeeze their profits. Property stocks posted their worst decline in almost two months, dragging the Hang Seng Index lower for a fifth day.
      Bloomberg  -  1,653 words
    • Article, Illustration
      Lock icon CHINA
      712 24 Reuter Q Shenzhen B Index *X 33 THE Shenzhen B market rose in heavy trading yesterday, with institutions encouraged by the market's recent gains. The B Index rose 3.33 points, or 2.1 per cent, to 165.53 on turnover of HK5269.6 million. "Today's rise was a follow-up of Wednesday's solid
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  712 words
    • Article
      Lock icon TAIPEI
      413 24 AFP QWP Index +13.08 STOCKS rose 0.2 per cent to a new seven-year closing high yesterday as bargain-hunters bought bank shares. "Late bargain-hunting for banking counters wiped out early losses incurred by heavy profit-taking on low-priced paper and construction shares," said a trader. The TSE Weighted Price Index increased
      AFP  -  413 words
    • Article
      Lock icon WELLINGTON
      277 24 Reuter n Wellington -14,50 AN EASING of monetary conditions failed to assuage investor concerns about corporate earnings, as shares ended on a weak note yesterday. The NZSE-40 Index lost 14.50 points at 2,251. Reuter Nvtl US COM) ANZ Btnkinq 8 70 -O.K) 9200 Adv*nt*g*s Hldgi 1.28 uncti ***** Air
      Reuter  -  277 words
    • Article, Illustration
      Lock icon BANGKOK
      850 24 AFP QSFT Index -159 SHARE prices dropped in thin trading yesterday amid profittaking by local traders,. Dealers said the positive impact on the market of the establishment of the Property Management Loan Organisation, which will assist finance and property companies facing liquidity problems, had faded. This led to fears
      AFP  -  850 words
    • Article
      Lock icon SEOUL
      424 24 Bloomberg CI Composite Intel -MO STOCKS fell for the fourth time in five days yesterday, on concern a slowing economy will dent corporate profits. Economists predict South Korea's gross domestic product could grow as little as 5 per cent this year, a 17-year low. "We've got an economy that's
      Bloomberg  -  424 words
    • Article
      Lock icon SYDNEY
      624 24 AFP n All Ordinaries -L 8 SHARE prices eased slightly yesterday as nervous investors stood back and awaited some direction from the US market, brokers said. "People are sort of hanging in on the sidelines waiting for a major trend from America," a dealer said. The All Ordinaries Index
      AFP  -  624 words
    • Article, Illustration
      Lock icon JAKARTA
      781 24 AFP Pfhrnponte Index -12.62 SHARE prices closed lower yesterday on a continued sell-off in banking stocks and weak market sentiment. A dealer said: "Some people are getting nervous and just either taking profit or cutting losses." The JSE Composite Index closed down 12.62 points at 669.99. Turnover was 210.6
      AFP  -  781 words
    • Article
      Lock icon MANILA
      357 24 AFP n Manila -9.40 SHARE prices closed lower yesterday with trading concentrated on second-liners. The PSE Composite Index fell 9.40 points to 3,261.24. Turnover was 14.2 billion shares worth 2.7 billion pesos. Philippine Long Distance Telephone fell five pesos to 1,600. Manila Electric Co A and B shares fell
      AFP  -  357 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Situational stocks dominate trading
        281 25 AFX-Asia H Composite Index -HUH SHARE prices closed mixed yesterday with situational stocks continuing to dominate trade amid a relative lack of buying interest in blue chips, dealers said. The KLSE Composite Index closed up 0.04 of a point at 1,249.76, on volume of 461.6 million
        AFX-Asia  -  281 words
      • Article
        Untitled
        241 25 u» Uwco Consumer prd 23 20 >T KVI Brt 27 37 23 Conatrmlln 10 17 28 25 Intrastru I o rwnnc. 21 21 Hot* I J 0 £2"2» IT 32 Plantation 10 20 6 MMnq 3 3 1 Tnat 0 3 0 Loan 29 60 26 ftt*/Warr«ntt 1 1 0
        241 words
      • Article
        Untitled
        8064 25 Cmmmmt prefect! 1997 Last Vol Day Nat Cap HN> Lai Ci—my *ata 'OOP MH> Law P/l %m* 790 680 AjKvjmoto 740 56.5 299.9 «4I 334 Angkasa 404 -2 125 406 404 12.0 595.7 90S 750 ApoNo Food Hlg 780 5 28 780 775 312.0 428 189 Barjayalnd 422 unch *****
        8,064 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3675 26 BONDS, LOANS ft VAMANTS w t I9N/IHT LmI V<M Day Last Owata A*f Lm Stna Company SM .of COOO) M*h Lav Buy.' S»iUr Mn 66 47 m 3000 m AMOB cS.5******6 S6 -1.5 6 56 56 56 62 39 3160 -Acaf ******1USS 47 unch 56 47 46.5 46.5 47 131
        3,675 words
      • Article
        G K Goh warrants worth collecting on weakness
        168 26  -  WARRANT WATCH By R Sivanithy DESPITE the pullback in prices and an apparent decline in liquidity from its heady heights of a few weeks back, market volume has remained relatively healthy at about $400 million to $500 million daily. So it makes
        168 words
    • Article
      CLOB INTERNATIONAL
      2197 26 MALAYSIAN STOCKS 6r fir IWWH7 Last VK D«y Laat Ouata W »Kt M Cap IB» Lp» »tm CI Wp M hH rOOO) Hl» L— Bwyar «—ar CMr P/I ~62S 360 w *1" iaich 47 412 408 4» 4M SO 4.9 0.4 815 420.6 137 84 mt 5001 AMOBSOc
      2,197 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1216 27 TURNOVER fOOO) VALUC COOO) main o» t»««i mm cut r«u> Industrial 55,321 44,692 *00.01$ 176,045 ***** 274,669 rtMKI <175 13,851 16,726 52.743 22.475 75JM MM 1.131 1,567 3,096 3,704 4,651 MS5 ProparttM 6.475 27.662 3057 33.763 43,746 77.526 3,002 3.002 13,613 13,613 MMM 1,666 UM S37S 5.575 6LW 4.122 30,066
        1,216 words
      • Article
        MAIN BOARD
        4897 27 Of Or M Wt 1996/1997 Last V* Day Laat Quota Of* Ok W M Cag An High Lew StNo Company Sal* rOOOl MH> 1— »d—r Cw P/t W Ww mmniULi 5146 ASE NT$10 200 US- 1000 900 1275 ASF US$0.***** US900 885 90.0 214 162 1258 Acar 50c
        4,897 words
      • Article
        SESDAQ
        1025 27 Of or mm im/m? Last V« Day LwIOmH Mi Mi M Cm A*9 m0t L— W» Car Ml »A~ fOO> Wgl L— *fr Kg C*W Pft jm Ww trtfiMr 289 13S 2000 AMHMasSc 153 -2 M IM 153 ISO 154 JO >4.2 0.1 95 6 MA 154 202 68
        1,025 words
      • Article, Illustration
        HOT STOCK
        64 28  -  -bf! Shiv Taneja KEPPEL FELS, which closed yesterday six cents lower at $4.82, is trading near its two-year low on a volume of 2.54 million shares. The daily and weekly RSI and stochastic charts are heavily oversold. Based on the directional indicators, there is still some more downside
        64 words
      • Article, Illustration
        Electronics output fall takes its toll on market
        663 28  -  STOCK MARKET COMMENTARY Broad-based weakness also caused by poor corporate earnings and region-wide pressure; EL Second Board, meanwhile, comes into play R Sivanithy [SINGAPORE] A poor set of January industrial production numbers, disappointing earnings and region-wide pressure triggered possibly by a weak
        663 words
      • Article
        Untitled
        215 28 Stocks Volume *8erjaya Ind 16,568.000 UPP25C 10,849,000 9mm Ind 10c 8,063,000 •MBf Hldqs 50c 5,858,000 m Land US$0.10 5,533,000 •Promet 4.513.000 •MBF Land Bhd 4,231,000 •Asia Pac Ld 3,986,000 'FACB 50c 3.839,000 ?Amsteel Wt 3.696.000 Stacks$ •Berjayalnd 39,337,640 Keppei Cofp 31,806,757 «A Foreign 19,220,677 l)PP25c 16,475,640 HK Land US$0.10 15.390.005
        215 words
      • ON THE GRAPEVINE
        • Article
          Those bonuses
          109 28 IN YESTERDAY'S column, we speculated that local companies may be attaching a new meaning to the word "bonus", following Keppel's proposed bonus issue which was widely been seen as an attempt to soften the blow of weak earnings. In Keppel's case though, it's worth noting that the company
          109 words
        • Article
          The customer's always right
          148 28 UNITED OVERSEAS BANK'S decision to set up a dedicated unit trust centre (a booth might be a more appropriate description!) at its main banking hall is an excellent idea, but the folks in-charge are going to need to iron out some glitches that seem to have
          148 words
        • Article
          We're worth more
          64 28 GOSH, maybe in addition to disclosing directors' remuneration, companies should also reveal the amount earned by their auditors. At Wednesday's internal auditors' conference, one head of internal audit said that people in his profession are getting "only $200,000" while directors get much more. Oh, and by the
          64 words
        • Article
          A flight that was fancy
          110 28 REMEMBER Country Heights, the first ever Malaysian property project to sell the concept of prime land for the rich and famous to build their bungalows? The project was instantly popular after purchases by some well-known Malaysians. Well, the company recently flew a bunch of analysts
          110 words
        • Article
          And another that wasn't...
          103 28 THE local press were invited for a recce yesterday of the new PT Karimun Sembawang Shipyard which will be officially opened this coming Monday. Included on the itinerary was a 10-minute helicopter ride for filming and photography. One TCS cameraman, a BT photographer and a Sembawang
          103 words
        • Article
          ... but at least some get a treat
          63 28 but at least some get a treat STAFF and partners of computer database firm Informix got some unexpected visitors during their meeting at a local hotel yesterday. During a break, they were asked by Kevin-Costner bodyguard types to move to the sides. And through the gap trooped some Miss Universe
          63 words
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      78 17 Kr Jjr m, m wr A IBi Jr PI SINGAPORE BOUTIQUES: CENTRE POINT #01-30 TEL: 737 4509 MILUENIA WALK *01-30 TEL: 332 3747 PARAGON BY SOGO *01-19/23 TEL: 734 9935 CORNERS: TAKASHIMAYA S.C. METRO PARAGON DAIMARU C.K.TANG KUALA LUMPUR: UNIT PSA LOT 10 TANGS-STAR HILL SOGO K.L ERAMAN DUTY FREE
      78 words
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      345 18 Engrossment of Sequestration Judgement Flemish Court of the First Instance, in compliance with instructions of M. Couvreur, the Appointed Sequestrator MAJOR INTERNATIONAL LIQUIDATION AUCTION OUSTANDING EXTREMELY VALUABLE WHOLESALE STOCK SEIZED UNDER PREVENTIVE DISTRAINT Confiscation Order imposed by City Bailiffs under police supervision Impounded goods placed in custody of Court-appointed Sequestrator
      345 words
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      Page 19 Advertisements Column 1
      128 19 What's your favourite business perk? Avoiding queues with priority check-in, a generous 30 kg baggage allowance plus priority tags to ensure it all arrives first French champagne, or Australian wtne or beer to relax you and an amenities kit with Red Earth fine skin care products. 10" more leg room
      128 words
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      Page 20 Advertisements Column 1
      239 20 7JO pm Traditional Irish dancing jvj 8 pm Blindfold Oyster Shucking Green beer raj 9 pm World record Oyster Opening attempt by current f£j World Champion from Ireland Gerry Grealisfa Kj PLUS Live Irish Music by HARVEST fgj SPONSORED BY IM muddy rncßphy's fßfsh Pas w c|] 442 Orchard Road
      239 words
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      Page 20 Advertisements Column 2
      11 20 Sabena CEO plays down impact of deregulation, Shipping Times, Pg 18
      11 words
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      Page 21 Advertisements Column 1
      328 21 A Prßmier Property y^ pmenf The City of the Centur y t i, 4, r 1. Free interior decorations including false Ideally connected to Eastern China and Mfe t Kerr* E City is developed by Kern Properties Ltd. in association UA beyond with Cheung Kong Ho dings China E ver
      328 words
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      Page 24 Advertisements Column 1
      38 24 MONT® BLANC Available at MONTBLANC BOUTIQUES Singapore: Ngee Ann City #01-32 Raffles City #01-37 A Millenia Walk #01-04/05 and all authorised dealers. MONTBLANC CORNER: Sincere Watch Limited #01-013/015 Suntec City Mall MONTBLANC SHOP IN SHOP: Daimaru Liang Court
      38 words
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      Page 25 Advertisements Column 1
      28 25 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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      Page 26 Advertisements Column 1
      20 26 PIONEERING SPIRIT LONCINES CONQUEST PERPETUAL CALENDAR, Sapphire glass, 100 m water-resistant. Available in bi-cokxjr and stainless steeL IJONCINES. MADE SINCE
      20 words
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      Page 28 Advertisements Column 1
      2066 28 j BUSINESS a A a centrepoint properties ltd (Incorporated in the Republic of Singapore) V ANNOUNCEMENT CENTREPOINT PROPERTIES LTD SCRIP DIVIDEND SCHEME On 6 March 1997, the Directors of Centrepoint Properties Ltd (the 'Company') announced the application of the Centrepoint Properties Ltd Scrip Dividend Scheme (the 'Scheme') to the final
      2,066 words
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      Page 28 Advertisements Column 2
      276 28 IN THE MATTER OF THE COMPANIES ACT. CAP. 5* AND GAPURA BINT AN (S) PTE I.TD (la Members' \oluntar) liquidationi Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at I North Bridge Road #14-10 High Street Centre. Singapore *****4 on Friday I4ih March 1997 at
      276 words
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      Page 28 Advertisements Column 3
      340 28 f THE COMPANIES ACT CHAPTER 90 SECTION 2M(2Xb) NOTICE Of RESOLUTION KMART METRO (PTE) LTD (IN MEMBERS' VOLUNTARY LIOUOATION) At an Extraordinary General Meeting of Kmart Metro (Pte) Ltd held at 36 Robinson Road •18-01 City House Singapore *****7 on the 7lh day of March 1997, the following special resolutions
      340 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      285 29 Bridge News Reuter RATES were stronger for Panamaxes in most areas of the market with the east particularly active, especially for period business, brokers said. Follow through buying continued from Tuesday, amidst reports that the Pacific market is hotting up, the Atlantic appears to be still dragging its
      Bridge News; Reuter  -  285 words
    • Article
      MARITIME STOCKS
      238 29 CTrTBMOMlliw U2 4JB 33 CftuanMi* V04 -001 178 Caacslnvaatmant _143 -001 7 FratJNUaka 0303 -OOM IM GMMMngt 0.91 -0.005 TU 4teBrSSfi JiftHMhn ,110 -OCT .24 Jwn«n»»«—<J> -023 211 MwrfCarp Ul -a» 3207 MWIRU 4J2 4M 2549 mmmitu —-_i5i uncft 27 KafpatTo* 154 -0.04 >01 LatowyMartw 232 -002 1041
      238 words
    • Article
      S'pore's Legend Marine merges with Aussie firm
      386 29  -  Nautilus Australia buys S'pore ship supplier for A $500,000 W Yong Mei Fong [SINGAPORE] Singaporeowned ship supplier Legend Marine group, which operates a number of branches in Australia, has merged with rival company Nautilus Australia. The merger took place officially last week. Nautilus,
      386 words
    • Article, Illustration
      Lock icon Aussie ports must catch up with rest of world: Sharp
      377 29  -  Boost productivity now or it will take 50 years to match world's best ports, says minister From, Selva Kumar in Sydney AUSTRALIA'S ports and port workers have received a stern warning from Transport Minister John Sharp: improve on productivity now
      FILE PHOTO  -  377 words
    • Article
      Lock icon 4 Taiwan carriers get Chinese nod for direct routes: report
      126 29 Reuter [TAIPEI] China's Fujian province has given preliminary approval to at least four Taiwanese shipping firms seeking permits to sail direct routes between Taiwan and rival China, Taiwan state radio said yesterday. The broadcast said the applications to sail between
      Reuter  -  126 words
    • Article
      Ship master's negligent advice gives rise to action in rem
      733 29  -  ADMIRALTY CASEBOOK By\ Selva Kumar Anew Zealand court has held that the negligent misrepresentation by the master about his vessel's cargo capacity could give rise to an admiralty action in rem. Baltic Shipping owned the vessel Samarkand, which was time
      733 words
    • Article
      Lock icon 3 Asian carriers shaking up North Atlantic trade
      334 29 Cosco, Yangming and K Line offering huge discounts Journal of Commerce [NEW YORK] The rate-setting alliance on the north Atlantic Ocean is holding to its prices while newcomers from Asia seek market share by offering huge discounts, reportedly as much as US$l,OOO
      Journal of Commerce  -  334 words
    • Article
      Cosco gets US$138m govt loan to buy 4 US-built ships
      278 29 [WASHINGTON] Cosco Line Inc, the ocean shipping company owned by the Chinese government, has landed a US$l3B million (*****.3 million) US government loan guarantee to buy four US-built containerships just months after it finalised a deal to lease a former
      278 words
    • Article
      MOL sets up 8th Asian unit in Philippines
      160 29 [SINGAPORE] Mitsui OSK Lines (MOL) has established its own local company in the Philippines its eighth in Asia. Headed by F H Bautista, Mitsui OSK Lines (Philippines) will begin operations on April 1. It will be based in Manila, with an office
      160 words
    • Article
      Lock icon Call for inquiry into leasing of base to Cosco
      251 29 NYT [WASHINGTON] Both of California's senators have asked the White House to investigate the leasing of a former Navy base in Long Beach to China's state-owned shipping company Cosco, which last year transported several thousand automatic weapons that federal officials say
      NYT  -  251 words
    • POET Shots
      • Article
        Lock icon Bigger free trade zone in Penang port?
        100 29 Bridge News [KUALA LUMPUR) The Free Commercial Zone (FCZ) at the Butterworth wharfe north of Malaysia, maybe expanded due to increased demand for such trading facilities, reported The Sun newspaper yesterday. Butterworth is a town on the mainland, off Penang island. It falls
        Bridge News  -  100 words
      • Article
        Lock icon VSEL Shipyard wins £200m navy order
        83 29 Bloomberg [LONDON] General Electric Co pic's VSEL shipyard beat Kvaerner ASA of Norway and a unit of British Aerospace pic for a £200 million <Ss46o million) order for oil tankers to be supplied to the UK Royal Navy. The UK Ministry of Defence said
        Bloomberg  -  83 words
      • Article
        Chinese insurer provides ecport credit
        70 29 [SHANGHAI} PICC Property, one of three subsidiaries of China's biggest insurer. People's Insurance Company of China, has provided a Shanghai-based company with a USsio.4s-millton export credit guarantee for five container cranes to be sold to Brazil. PICC Property signed the agreement with Zhenhua Port Machinery
        70 words
      • Article
        Lock icon Gdansk workers protest against layoffs
        87 29 AFP [GDANSK, Poland] About 1,500 workers from the bankrupt Gdansk shipyards briefly blocked traffic in this Polish port city on Wednesday to denounce the government's decision to lay them off. The protesters, among them women holding rosaries and praying, filed by the famous monument commemorating
        AFP  -  87 words
    • Article, Illustration
      Lock icon Parties at odds over changes
      998 30  -  US SHIPPING; REGULATORY REFORM ON THE WAY Pressure is strong for the US Senate to pass a bill that would partially deregulate the maritime industry, allowing individual carriers to sign confidential cargo contracts with customers, but all sides have their grouses Bu' William Roberts SHIPPING
      FILE PHOTO  -  998 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      394 30 PACE EuroHansa 8 A£l 4 Euroeast 14 ANL 5 ty r 9 rfefl 8 Able 12 Fl-BriqM 13 i Accord 12 famous 9 Appenship 7 Farwtde 4 Astro 5 f««»flSun 12 Austral 13 Fro<4 M Avant 8 M links 4 Btang Mas 12
      394 words
    • Article
      SHIPPING GUIDE
      11319 38 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vnsd Voyage TK*pHon« ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Sd'e Name Number Number SIN Dest'n Name Name Number Number ■■■■■■■■■■MMMMHMMMHHniaHMBMHMaHlaHMHHaMMMI {MMHHMtBIMMMHMMHMMMIMNNMMMMMMMMMMMNMWMNi A 19/03 12/04 NVK IWASHIRO OIOS 65-*****23 A 19/03 12/04 Wilhelmsen IWASHIRO 0I0S 65-*****77 t- AMI nUARI/ CT mUUC fAIIMl
      11,319 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        783 45 J Vossol VoyMo Bfth Arrival Doportur* Jv*** Nrt latam kW *337 J02 aM«*y4* R MM *****7 J01 ttootfut* Mania Hjrmo I J05 Itmtut, IS03/800 P, 2507 0503 JU tv*si* 5^S5 s 2500 0*03 JO aton«u4* 13.03/OTOO MUM J03 Hongs** S SKSSS. »«*CoofM I J00 5.03/2300 SM Sapehrt I
        783 words
      • Article
        CONTAINER SCHEDULES
        1746 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/BoUnc* Rstls SWp Voy No Etb/Btr Ported From To Frow Aci »M4 MM M/21M M U/1500 U/MSt U/HOO U/1500 U/MSt IVIWO 21 11/1700 M/MSt WOW i mno M/mt m/moo Aa S«» 2MA M/0700 1A U/1500 tl/MSt U/HOO U 11/1700 M/MSt
        1,746 words
      • Article
        COCKETT BUNKER MARKET REPORT
        753 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        753 words
      • Article
        GLOBAL HOLIDAY
        212 45 Mar 17 Australia: Canberra Day. Mar 30 Japan: Vernal Equinox Day. Mar 27 Denmark: Maundy Thursday. Philippines: Maundy Thursday. Mar 38 Australia Good Friday. Canada: Good Friday. Denmark: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Netherlands: Good Friday. New Zealand: Good Friday. Norway: Good Friday. Philippines
        212 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        476 45 CirtN Mart OonUty inter lesldMO Art MimWyi fcggwt %M/M «WW1 %v/» »«/M %M/H mi nwttS ISO/Clmac Limits Spec 991 10 15.0 0.10 00* O.IO* Spec 635 991 1.0 W.Q Q.g W O.W Northern Europe 180 Ave 900.9 0.2 H9 0.04 21 0.01 100 Mai 990.5 14
        476 words
    • AIR& LAND TRANSPORT NEWS
      • Article
        Lock icon Call for Thailand to liberalise air policy
        422 46 A matter of equal importance to expansion of airport, says tourism official Journal of Commerce [BANGKOK] A senior tourism official wants Thailand to accelerate its liberalisation of aviation as a necessary adjunct to expansion of the main airport here. "In my opinion, of
        Journal of Commerce  -  422 words
      • Article
        Lock icon World civil aviation traffic forecast to grow 5.5%
        164 46 AFP [MONTREAL] World civil aviation traffic, in terms of pas-senger-kilometres flown, will maintain an annual growth rate of 5.5 per cent between 1995 and 2005, the International Civil Aviation Organisation (ICAO) said on Wednesday. This compares with an annual growth rate of
        AFP  -  164 words
      • Article, Illustration
        Lock icon Practice jump
        55 46 [TAIPEI] Far East Air Transport flight attendants leaping from the door of a Taiwan passenger jet onto an inflatable escape chute during routine emergency training exercises at Taipei's Sungshan Airport yesterday. One of the Taiwan airline's jetliners was hijacked on March 10, an incident that heightened concern over
        REUTER  -  55 words
      • Article
        Lock icon NY port authority, mayor in airport rail dispute
        290 46 NYT [NEW YORK] The Port Authority said on Wednesday that it expected construction to start this summer on a project considered among New York City's most pressing transportation needs: a rail connection to Kennedy International Airport. But the latest version of the
        NYT  -  290 words
      • Article
        Lock icon Petronas eyeing commercial engine market: reports
        237 46 M'sian firm wants to build on success of its racing engines AFP [KUALA LUMPUR] Malaysian national oil firm Petroliam Nasional Bhd (Petronas) plans to develop passenger car engines following its successful production of racing engines, reports said yesterday. Petronas, which had earlier developed a
        AFP  -  237 words
      • Article
        Lock icon Sabena CEO plays down impact of deregulation
        260 46 Reuter [BRUSSELS] Belgian airline Sabena SA said on Wednesday that air transport deregulation in the European Union was de facto completed as many airlines would stay out of the rat race for high-density routes. "The deregulation which goes into effect on April 1
        Reuter  -  260 words
      • Article
        Lock icon US air cargo traffic up 15.6% in Jan
        237 46 Journal of Commerce [WASHINGTON] Air cargo traffic in the US grew 15.6 per cent in January, the biggest growth since 1994, the US Air Transport Association (ATA) reported. Domestic cargo grew 11.8 per cent, while international traffic was up 21.1 per cent.
        Journal of Commerce  -  237 words
      • Article
        Lock icon UK Labour Parly vows to clamp down on rail franchise operators
        246 46 Reuter [LONDON] Britain's opposition Labour party has pledged a regulatory clampdown on the rail industry, citing the rail franchise operators and Railtrack pic as the most likely targets for a tougher approach. Labour's transport spokesman Andrew Smith said he
        Reuter  -  246 words
      • Article
        Lock icon Taiwan wants to join AIR's plane project
        225 46 AFP [TAIPEI] Taiwan's Aerospace Industry Development Corp (AIDC) is seeking to join Europe's Aero International Regional Group (AIR) in developing regional passenger jets, an aviation official said yesterday. AIDC would team up with Latecore, one of France's leading aircraft frame makers, to compete
        AFP  -  225 words
      • LOG Book
        • Article
          Lock icon New direction for air traffic control
          82 46 Bridge News [KUALA LUMPUR] Air traffic control services will come under the Malaysia Airports Bhd (MAB) under the government's privatisation programme, The Sun newspaper reported yesterday. Transport Minister Ling Liong Sik said this was decided by the cabinet meeting on Wednesday. Currently, air traffic
          Bridge News  -  82 words
        • Article
          Airbus sets up office in Rio de Janeiro
          84 46 (RIO DE JANEIRO] AirtAis has decided to set up its own t office at Rio de Janeiro to develop business in the Brazilian market limited so for to three A3OOB aire rafts operated by Vasp airline. According to Comtex, eventually the facility
          84 words
        • Article
          Lock icon Yeltsin's son-in-law to head Aeroflot
          59 46 Reuter [MOSCOW] President Boris Yeltsin's son-in-law was named acting head of Aeroflot, Russia's state airline, (Ml Wednesday. He had been deputy head before Mr Yeltsin v appointed the company's previous chief to his Kremlin "7 staff. Valery Okulov, who is married to Yeltsin's elder daughter
          Reuter  -  59 words
        • Article
          Lock icon RAC In helicopter service venture
          71 46 AFP [PHNOM PENH] Cambodia's national airline Royal Air Cambodge (RAC) has entered a joint venture agreement with a New Zealand helicopter company to offer charter air service to remote destinations, officials said yesterday. a RAC and Helicopters (NZ) Ltd signed the agreement on Wednesday creating
          AFP  -  71 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1695 46 CITY FU6HT ETA FII6HT ETP M*||__JW|MraO_MIIO_gW Alilalil S0229 2220 6ilHwWC CZ354 0920 Amsterdam SO327 0820 KL844 0125 Hanoi VN745 1255 VN744 1355 KL837 1540 KL838 2335 VN741 1310 VN740 1410 0126 2355 Hat Yal TG407 2120 T6408 0820 2355 MI895 2145 MI896 1820 Athens 0S546 2230
        1,695 words
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      Page 30 Advertisements Column 1
      1205 30 Hf Hf SP BBS I «J KPTUMAUXAMMITI WWW IJ/U 14/ M M/M M/M N/M M/M N/M M/M M/M 10/04 14/ M [SjK ISSS 117/ M I M/M I 0/M Imm «wS !!<!! 2' o! «MM« AifXAMMTI MBit M/M 10/01 M/M M/M M/M 10/ M M/M M/M M/M 11/ M 14/
      1,205 words
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      Page 30 Advertisements Column 2
      434 30 Unaa MivioM raprmnM by Member* o( the Ragiatry of Accredited Shipping.Agent>, S*pora National Shipping Aaaoc Smgapqre Freight Forwarders' Association. Shipping Times Just talk tous Iris Lim 740-2044 Tan Lip Chuan 740-1645 *Jarrod Leong 740-2089 »Philip Koh 740-2382 JZJL _ZUL Bft JML_ HMWUMI 91W I|*l am ><* Mf —-ttarnui im »w
      434 words
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      Page 31 Advertisements Column 1
      135 31 !J !i!llMiifl We would like to say a big "Thank You" to our customers for their support and confidence in us. Being voted the Best Container Terminal Operator-Asia for the Bth time, and the Best Seaport-Asia for the 10th year at the Asian Freight Industry Awards We would like to
      135 words
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      Page 32 Advertisements Column 1
      539 32 II VESSEL VOY SIN MAA SIN I TIGER ISLAND 517N 14-15/03 19-23/03 MM I TIGER BRIDGE 518N 17-18/03 23-26/03 31-01/04 I TIGER BAY 519N 21-22/03 26-30/03 04-05/04 I TIGER WAVE 520N 24-2S/03 3M2/04 07-08/04 I TIGER ISLAND 521N 28 29, 03 02-06/04 11-12/04 I TIGER BRIDGE 522N 31-01/04 006-09/04Q1 14-15/04
      539 words
    • Advertisement
      Page 32 Advertisements Column 2
      697 32 FREIGHT LINKS EXPRESS Js 62 Toh Guan Road Singapore *****1 Cfa Tel: *****66 (60 Lines) Fax: *****33 ||*V?|| V\ E-MAlL:flesin@singnet.com.sg oo»ooa CONSOLIDATION SERVICE CANADA ETD SIN SOUTH AFRICA ETD SIN MONTREAL 19/03 CAPETOWN 18/03 TORONTO 19/03 DURBAN 18/03 VANCOUVER 19/03 JOHANNESBURG 18/03 GREECE ETD SIN SPAIN ETD SIN PIREAUS 23/03
      697 words
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      Page 32 Advertisements Column 3
      1160 32 OOCL (Sinoopore) Pie Lid CFS Keppel Distrpk r^ST^I 7f Amm Rm4 #21-44 (S) *****6 Mk 513 #01-12# tmq*y 'Y6Y, jVfl aiWlim/tOOOON W: 272 7#27 nrf 3269 80 V&« W: *****13 f« 221 3942 fti: 272 7t2S *Otm AMSMCA USA/ CANADA <> AUSTRALIA TO USA |SGf SPO |~0« [5 [mm [nyc
      1,160 words
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      Page 33 Advertisements Column 1
      1055 33 TO EUROPE FROM EUROPE VESS& VOY SIN RTM HAM MV SOU OH 1 IviSSa. VOY RTN HAM IRV SOU IH H6 S»T~ NBUOYD HONSHU 3107 15/03 04/04 03/04 31/03 01/04 MOSa 2097 23/02 20/02 20/02 01/03 10/03 NEDUOYD ASIA 5117 20/03 10/04 00/04 12/04 HOE 40*7 20/02 20/02 24/02 24/02
      1,055 words
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      Page 33 Advertisements Column 2
      2374 33 H ANJIN SHIPPING USA CANADA* UHimit/vor mm |**sw sa rox |nw tot |cm ptt oe< pwl »vw mcm oos ntc o»f m m ru. w wc H. KAOHSOMG 0271 12/03 13/03 03/04 05/04 04/04 Qt/04 "ot/oT 00/04 ~05/»4 01/04 01/04 ~00/04 00/04 11/04 "w/oT" >5/04 M/04~~ 01/04 00/04 07/04 H.aUAOfIHO74I
      2,374 words
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      Page 34 Advertisements Column 1
      1257 34 <5= BSn-SEMA TOR lA Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT vessel Fwy Kw 'I rtm I brv I mam I fix I ant lha I vessel Ivor Ilha rtm brv "ham fu lant~ sn HAMJN YOKOHAMA WN7U 155" TTST M M 11 M 12.M CHOYANG WOULD EE7I2
      1,257 words
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      Page 34 Advertisements Column 2
      1258 34 NOR/VSIA I ci WOYISM PKL~| OOA LASBCL VALALO ROT ANT FELLHA I MSC ALEXA 9709-3 14*3 IMJ3 20*3 30*3 29*3 00*4 07AM 03AM MM 04*4 05/04 I MSCCAALA 9710-3 19*3 20AJ3 04*4 06*4 05*4 IMM 14AM 10AM 11/04 11*4 12*4 I NORFRIOOURG 9711-3 27/03 27«3 11*4 13AM 12AM 24*4 21*4
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      Page 34 Advertisements Column 3
      370 34 Direct Container Service < to I Fangcheng Zhanjiang Vessel S'pore Fangcheng Zhanjiang UANBAO 07/03 12/03 14/03 ~T7~ /VQ/?TRANS CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA BREAKBULK, RO/RO AND HEAVYUFT ANY WEIGHT THAI FLAG STATUS PRIORITY BERTHS kirn Express V.43A MM! SUED SAftß km Express V.44A 20-21/03 22-23/03 27-21/03 2S-31/03 Asia Express
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      Page 35 Advertisements Column 1
      1363 35 IVBBBP. VOY 1 SIN I POU PKO PEN I SUR IRAN TEYFOURI PJL-1223 20/03/97 31/03/97 HUH QHEYAMAT PJL-1229 27/03/97 08/04/B7 IRAN TAKHTI PJC-1224 13/03/97 07/03/97 23/03/97 |IRAN YAMIN PJL-1218 07/03/97 17/03/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN.
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      Page 35 Advertisements Column 2
      2184 35 ACCEPT** WHRIY TO MANZANILLO AND au mum rams via HONG ROM i' i i 4 I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****01 OUTWARD (l/l) *****02 JOHORE OFFICEI COSTAR SHIPPING PTE LTD #17-MNSHOG SAUS/BKGS 4205M1/43 MM DIPT (D/ 0) 420S7<S COSTAR AGENCIES (M) SDN BHD T/SHPMT
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      Page 36 Advertisements Column 1
      1255 36 1 MMHMSMNRWMMWMIIMgB* risTl ROM ANW HSG THP ZEE LHV IHV THP ROM ANW HM PW. SGP I RESULT RW-012 15AO 04/04 00*4 16*4 17/04 tM4 09*4 E. GALLANT RE 050 IMB 19/02 11/02 28*2 21*2 17/13 11*3 E. ROYAL RW-030 22/03 11/04 10*4 12*4 14AM 15/04 10*4 E. GRAND RE-081
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      Page 36 Advertisements Column 2
      1033 36 vts» VOYAM SCrOMMMUDMMMNKWTUa VESSQ VOYAW OW JOA AM DMN MN SflP UMONMIIO 0447-OZ7W 20/03 30/03 31/03 01/04 01/04 04/ M UMCONCEIT 044M32E 02/113 02/13 03/03 04/03 05/03 17*3 HIWCKMN 044M319 27/03 04/04 04/04 07/04 01/04 04/04 12/04 04/04 UNKONCOtO 0444-035E 01/03 01/03 10/03 11/03 12/03 24/03 B Aiao accepong FCL
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      Page 36 Advertisements Column 3
      460 36 na> NANTAI LINE FUIIY CONTAINERISED SERVICE TO MAURITIUS SOUTH AftKA rasa vdt I an 1 ruj 1 out I cpt WW 013S 14/D3 24/03 W/B 82/14 RjjNHWjgg 0135 25/03 00/04 12/ M mroiouffli om m iw iw h/m WlWIfWg 014S 00/04 27/04 24/H mums orn 24/04 03/05 07/05 ii/ik NOftf
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      Page 37 Advertisements Column 1
      677 37 M MYANMA VBSBk FIVE STAR UNE V (Mynaor Notional Um) V Loadi*) lor Yw|«i (R«n|B6n) vessel voy s« m rm rw HP*-AM 233W 23/3 PAGAN 242W M/ 3 BAUYSiA AGENTS: tOUSTIAO SMPPMG AGENOES KUL Ttt 02-03-***** M MO: Ttt 01-03-17*410) POt m M-04-24T2402 PGD: Ttt OM7-JSIWI/4 BANK LINE (A MTrit*
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      Page 37 Advertisements Column 2
      1155 37 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 PMA PRE PGD VPSE VOTISMI UH I rim I INI I IMM I m JjL— TiToi 13/02 15/01 MtIBPBKM JO4W 16/03 *2/04 03/04 OS/04 OS/04 05/04 N/N 20/03 20/03 22/03 HY GONIAL 304W 23/03 N/N l»/N 12/N 12/N 2/N 15/04
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      Page 37 Advertisements Column 3
      510 37 tjfc FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) Twice Sailing To UNITED KINGDOM o a Bln^Nh^Eu )^o w E London DIRECT SAILING TO SOUTHAMPTON FELIXSTOWE Please call for FAMOUS MOLLY I *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES)
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      Page 39 Advertisements Column 1
      43 39 To retrieve more schedules, just follow these simple steps... document Mva\ be the port Step key in the four number digit code Key in your Exampte: r-^—« fax number To NEW YORK (NYC) 2275 *f n Qi United States for calls within Singapore
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      1535 40 PUL INTERNATIONAL UNE HJ^NTERNATKiNAL MMmOffCI) 4SISS/WK ItACON UMtAMI ?M >T I |jwL~ jßaffiggi gw I jjyfl Em I }jfli iff 0 tjffl iii I iff SI a" g j 18 I jggffljgf— 1 flh Lh/M I MOM I a/" ISi I 11/fi I SURAIAYAISIGS/WK vu vot ufo fl| WAWWMYA Jfi—
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      Page 40 Advertisements Column 2
      480 40 A ACCORD fl SHIPPING PTE LTD M m UUCT MOSt Til! *****57 (IXPOftT BOOKMO) mx, 5J 235.M7 (IXFO*T DOC,,32JJ4M (U»o«T) 22™ SJS mZZ I row w I w>w immlmi mailmw msm (EAR EAST) (INDIA) (EUROPE OTHERS) (USA/CANADA) MNGKOK 'V O3 IO*MY 11/03 GOTHENBURG 17/03 H751 iSMS -mS— Mtcaom 20/03 IPS
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      Page 40 Advertisements Column 3
      268 40 BINTANG MAS SHIPPING PTE. LTD. Singapore 0206 FAX; *****64 TUCfIKBKSMMER CR m agj^ I Blntrtu I I Muara I VtSSQ VOY SW ITU VESSQ VOY SM lIUA j*HSw W702E11-11/03 71/03 KhraryM W7osf 14-15/03 11/03 bring fatal 23-24/03 77/03 MvcwyGS V9703J 2021/03 25/03 Hmmykh YI7OU 25-24/03 30/03 I MM I I
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      458 41 LCL A FCI ffln|C3l Services to Caribbean K "ippi "o A Central America MABBK«NCOUVa MOKINC 9706 9704 Port Country 16/03 24/03 Belize City Belize 19/04 26/04 Bridgetown Barbados 22/04 29/04 Cortogena Colombia 21/04 28/04 Castries St. Lucia 21/04 28/04 Fori de France Martinique 22/04 29/04 Freeport Bahamas 16/04 24/04 Kingston
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      Page 41 Advertisements Column 2
      797 41 f aSSaPW PACIFIC INTERNATIONAL LINES (PTE) LTD I I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I J LJ^I 1 1 I GQ NO: **********0E 5p j j ibs ijg. n «i Ij in Bilk 8 1W li I I I SrlHttiM I m— J2L, 1,w,1EI ,w,IE E
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      Page 41 Advertisements Column 3
      771 41 **********02 I VESSELS VOY SM JED PSO LJEH HAM RTM THP ANR VKXE D'AOIJLA AI9W 16/03 38AB 28AP 08AM 07AM 08/04 10AM 11AM VJ-EDECAWNA CI9W 26/03 (MAM 06AM 15AM 16AM 18AM 19/04 20"04 VW-LE 06 SAGfTTA SI9W 31 AH 08AM 11AM 20AM 21AM 23AM 24AM 25/04 VILLE DE NORMA NI9W
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      Page 41 Advertisements Column 4
      136 41 /^imorbulA I norsulk cargo services ltd r I regular conventional I ■nOHUXMROO 15/03 01/04 WI/MB/MT/UK I ■nOUUUSBAVA. 20/03 M/ 03 ITAIT/W SUfOTT I ALSO LOADS SABAH/SARAWAMMOO PORTS |T Inoouutm 28/03 XT/M/M& I- MAS INTERNATIONAL SHIPPING PTE LTD MAS INTERNATIONAL TRANSPORTATION (S'PORM) PTE LTD AFFILIATED TO EAS INTERNATIONAL TRANSPORTATION LTD-CHINA CROUPACE
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      Page 42 Advertisements Column 1
      987 42 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR HO. 1847MMO0M BOOKIIISS pALL PIBECT JESSICA/CELIA/MEI CHAM 7 SLGS/WEEK 3 SLGS/WEEK I VESSEL [VOY TSM [JAK [VESSEL [VOY [81 IBUR SMAR JAVA 920 15/03 (SAT) 19/03 (SUN)
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      Page 42 Advertisements Column 2
      1192 42 rn YANGMMG LJNE TWKXWHKLY EVERY THURSDAY/SUNDAY HJUJJJ ARRIVAL FIXED DAY-MONDAY «na wnr I» I«m m ta vena »oy io ft n« m in Isa I DOVER BRIOGE A7IOM I ISO 3 I (MM MO* 0304 07/04 MNWATMN BROGE A7O4E SU) SU SLO SLO SLO IIMB I NORMANOC BRIOGE J7ION I
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      Page 42 Advertisements Column 3
      375 42 Singapore Soviet Shipping fla Co. Pte. Ltd. 'CB110:**********00 BOMBAY/COCHIN VESSEL VOY I SIN BOM TRADE FAST TFSISI 14/03 22/03 SEA SUCCESS I 02N 10/03 28/03 MEKHANIK KURAKO MK3ON 29/03 OOAM KOTACAHAYA CAHI7O 03/04 11/04 ANNOUNCING REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA VESSEL VOY SIN BOM/N.SHEVA TRANSOCEANIC 03-07 13/03 21/03 HEAVYUFT
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      Page 43 Advertisements Column 1
      969 43 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE I VESSa VOY SIN PKG CM> MIA GEN BCN HTM FEL L£H MSCALEXA 9709-3 15 MAR 16 MAR 20 MAR 29 MAR 31 MAR 01 APR 06 APR 07 APR 08 APR 1 MSCCARtA 9710-3 19 MAR 20 MAR 24 MAR 02 APR 04
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      Page 43 Advertisements Column 2
      1049 43 NaMNCKONClioT"mm""mmF"~ifiP~ oum —mm Stt =r ft* jfljjjf -MB BBM_ _BH IB JDL HBO— W7II no MD. HONSHU 3107 15.03 141T 1103 StM MM MM MM W JJg }2! Hj 14JO JIM TIM MM ItW ~JJ "tSSP" 'I" 22 "2 07S iiS TSS nS ISB mi vS iS 2103 kO3 ii
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      Page 43 Advertisements Column 3
      438 43 -rWA'i JfltfLf „o sm EX FORT TO HO CHI MM CITY IHP9MT FMtM HO CHI ww IWT 1 W I m- rWWH mk mm, vor mnc dm !!J/S !!!iS !i£i SL ll'fi >«■ *711 Hyu u/u MAGOM UUJMJfT/M MM 4/2 H/S 1/2 nuS il/K WWIWWSA 4711 14/tt 14/41 CSM4 MUfiON
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      Page 44 Advertisements Column 1
      446 44 SINO EXPRESS SHIPPING jf/l 11 COLLYER QUAY *06-01 THE ARCADE iSINOTRANSI J 8 (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 BINOEX X^Z SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYA6E ETA SIN ETA HKG ETA SHA G. LUCK 9706 14/03 19/03 ***** 0. GLORY 9708 21/03 26/03 30/03 G. WELL 9708 28/03
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      Page 44 Advertisements Column 2
      228 44 1-IWv~ J cmnoummwn ateih(oB4)nei7« «UMLA:(BS2)«iaawi POiANG: (04) *****6 BAHQKOK: (6M) IHWW tURAHAVA: (J1) *****0 ft KELANQ: (08) *****77 JKT (21) *****07 IP* <H) 8446P HONGKONG MV "SEA RANGER" V.N094 ETA SIN 16-3-97 PUSAN MV "BUNGA SURIA" V 8097 ETA SIN 16-3-97 CAU BOOKING: 220-2022 MARIIYN/YONG/LOOI/HAMIDAH CAIXI MAC-NlLfc MMBM CONSOLIDATION, WAREHOUSING,
      228 words
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      Page 44 Advertisements Column 3
      174 44 ■OCEAN ISLAND 13/03 RdnVAtw/UK I ■iRENE 22/03 28/03 Rdm/Atw/Bmn/UK I DELTA STAR 12A* Rdm/Atw/Brm/UK/N«i I CANALP 15/04 RdrrvAtwAJK/Nan I B'Loads ETW.MHay—.lndonesia J ■happy DAY Dubai/A.Dhabi/Bahrain/DammarVKuwait ■ADAMASTOS Hodetdah/JeddafVAqaba/Pt Said I ■CARAVOS EXPLORER Dubai/A. Dhabi/BahrairVDamrnaiVKiiwaK I ■A. VERMEZ Hodetdah/Jeddah/Egypt I ■GLOBAL JANE Dubai/A. Ohabi/B*vainre*nm«VKuwaN| 1x»d» Singapore. E7W. Malaysia. Indonesia I Loadlngfor^^^^^^ ■OZGUR
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      129 45 lEGENO: R Thunderstorm Temperature c V Shower W•other _X Wind direction with speed in knot* Roin V-/ w Cloudy Sky Wove height Serfoee winds or* indicated by arrows which fly wtth the wind On* tu* circle represents calm or kght and vooobte winds 1 One half Heche represents 5 knots
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