The Business Times, 17 February 1998

Total Pages: 42
1 42 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, FEBRUARY 17,1998
    12 words
  • 74 1 sm MBLSS (-71.14) n BT-sn MM 08L44 (42.12) n HOMF mm 13HL71 (-61.93) H M W7Ji (41.88) £T MAMET MOOD: STOCK MA1KET POKES Moodav Change KLSE COMP Ml* TUX NIKKEI HL77U2 1*49 HANG SENG It. ***** IMi? SET INDEX 484 1491 JAKARTA COMP _4S7 71 +9JK MANILA COMP
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  • 76 1 EXCHANGE BATES rss ss USI 1178 1638 2.748 DM 0549 0 921 YEN IN 0.793 1330 Ml MM 9.429 HKJ 0.129 0217 BAHT 0.021 #035 8LTIAH 100 0.010 0.017 truer bank rata PUKE BATES SINGAPORE* 7.85 KUALA LUMPUR. 10.45 JAKARTA .22.00 BANGKOK 15.25 MANILA ....5750 HONGKONG 10.25 TAIPEI AM
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  • 546 1  -  Rupiah dives to 10,000 against US$ on jitters over possible suspension of IMFfnnds fly] Larry Wee, Ven Sreenivasan [SINGAPORE] The Indonesian rupiah plunged to the 10.000 region against the US dollar yesterday, dragging other Asian currencies and stocks down with it. Traders said the
    Source: Dow Jones; Source: Bloomberg  -  546 words
  • 907 1  -  Top Indon officials said to be sharply divided over plan From S N Vasuki in Jakarta THERE are sharp divisions among top Indonesian officials over the plan to establish a currency board, but the government is going ahead with it despite
    907 words
  • 560 1  -  hYrnn Yang Razali Kassim in Kuala Lumj/ur INDONESIA is facing a major dilemma whether or not to proceed with the currency board system to stabilise the rupiah, Prime Minister Goh Chok Tong said yesterday in Kuala Lumpur Mr Goh was asked by
    560 words
  • 584 1  -  Luxury HE flats being sold below cost, say analysts Frorrn Quak Hiang Whai in H<xngk(mg NG Teng Fong's Sino Land Co Ltd yesterday released units in a luxury residential project in Hongkong at a 35 to 40 per cent discount to secondary market rates
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  • 827 1  -  Officials to speed up efforts to tackle outstanding issues FYimi Yang Razali Kasaim in Ktwin Lumjmr MALAYSIA and Singapore yesterday made progress in improving bilateral ties, with the prime ministers of the two countries directing their officials to speed up efforts to solve outstanding
    REUTERS  -  827 words
  • Page 1 Advertisements
    • 140 1 IMSPE Taiwan airliner crashes, tiffing 199 Taiwan central bank governor Sheu Yuan-dong was among the 197 passengers and crew feared killed when a China Airlines jet returning from Bali crashed and disintegrated in flames yesterday at Taipei's international airport, P|9 fortieth far Smgapere expats BT polls seven economists on their
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    • 6 1 The Indonesian imbroglio. Editorial Pg 11
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    • 24 1 -——k V CHANEL EXCLUSIVELY AT CHANEL BOUTIOUES NOEE ANN CITY 391 ORCHARD ROAD. SINGAPORE TEL *****20 ISETAN SCOTTS 350 ORCHARD ROAD SINGAPORE TEL *****21
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  • SINGAPORE AT HOME & ABROAD
    • 519 2  -  fctat month-on-month Mi-oil domestic axports may have attracted 4% Audrey Tan SINGAPORE'S exports were likely to have risen just over iQuer cent in January but £*taomists said this merely reflects last year's low base as a weaker Sing dollar. Ip month-on-month terms. fke
      519 words
    • 538 2  -  Reports by Ronnie Lim JMSSPITE lower crude prices. Singapore refiners suffered a |I 8 per cent fall in refining jnargins last month compared *0 the 1997 average, and mar fl&js in the next 12 months are expected to stay below last gear's
      538 words
    • 447 2 Bfwth in •fiistore mUte altfws to 2% result: TDB approved oil traders KpTs) here who account per cent of offshore saw a 0.6 per cent fall tfade turnover last year due regional downturn. This in a slower 2 per cent Sfutß
      447 words
    • 353 2  -  Ben Munroe DgpKJTE the regional eco grief, Joseph and the Ef&lng Technicolor Dreamnot only go on but exrun till April 12, makweeks in all. •£s£«rid Dixon, who plays Jo{jiwand Linzi Hateley who is i&J}*arrator, are in town the creative team raCtifai
      353 words
    • 346 2  -  EYE ON THE ECONOMY Finance By I Clarissa Tan BANK loans grew a decent 12.8 per cent at the end of last year, despite the regional economic turmoil and slowdown in the local property market. While the year-on-year growth at end-De-cember is lower than
      Source:  -  346 words
  • Page 2 Advertisements
    • 189 2 BHJ NANYANG BUSINESS SCHOOL NANYANG TECHNOLOGICAL UNIVERSITY 12 A (Business Law) for July 1998 intake The MBA (Business programme is An MBA programme designed to: for- equip participants with the ability to factor practical legal considerations into Top and mid-level busincss dccisions in var,ous general managers provide participants with the
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    • 170 2 (■THJ Sunday 1 i nnwl a Sunda y Classified 1 Blfßlil special on antiques, 111 I collectors* ilIUj l £tzL z£ j J Today s modern office has to be -L- efficient as well as impressive, if you come into frequent contact KOur c/,eflts xlecVn S the n S ht
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  • Page 3 Advertisements
    • 331 3 jgpp hi u« j Joj i ;tfv***v^ v vj] -SP??! •j <.* v v w&*ijyi| WiW^WPPB ftr'cftx&m 'g; r' -r' -iff-; &y.» I%^''^ If u' You' ve navigated your way to the top of your field. So finest leather and walnut. And at your fingertips, every intelligence (V VT-i) will
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  • FOCUS: PROPERTY
    • 616 4  -  THE PROPERTY COLUMN The plunging rupiata has made the condo vulnerable Lee Han Shih IN a recent interview with Singapore Business magazine, David Lawrence, managing director of listed Marco Polo Development, played down the possibility of defaults by buyers of Ardmore Park condominium. But encouraging
      616 words
    • 460 4  -  Asian crisis hits commercial property sector but residential market still seems buoyant hYtrn Surinder Singh hi Siftlrwij THK economic crisis in Asia may have hit the commercial property sector in Australia, but the residential market seems as buoyant as ever. In fact, a leading Australian residential
      FILE PHOTO  -  460 words
  • Page 4 Advertisements
    • 273 4 I "T~ J1 I For Sale FALCON CREST at Ardmor© Park V iF r m°~/£/ t><» K/ Aittna* II h /jO/ La*** A* B3 27,279 sq ft approx. j Lot 644 TS 25 Freehold Tenure Plot Ratio: 2.0 i //h****** Height Control: Up to 30 storeys SUBJECT Ideal for Service
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    • 443 4 NEW CORPORATE BUILDING FOR LEASE Location Serangoon North Floor Area: 8,000/10,000/22,000 sq ft Ample carparking lots Easy access by CTE/TPE/PIE Large labour pools/near bus stops Reasonable rental rates T.O.P. obtained Call Sole Marketing Agent Richard Ellis (Pte) Ltd 4 Industrial Department 5 Tel: 224 8181 I Finance I Keppel Finance
      443 words

  • MARKETS IN TURMOIL
    • 495 5 Bloomberg [MELBOURNE] Australia's four biggest banks face the prospect of loan write-offs and losses because of their exposure to Asia's economic woes, with Australia and New Zealand Banking Group seen most at risk. Standard Poor's said yesterday. The report, the
      Bloomberg  -  495 words
    • 409 5 Tokyo most pat economy in order, lead Asia oat of crisis, says Daley AFP [TOKYO] US Commerce Secretary William Daley issued a strident call here yesterday for Japan to put its economy in order and lead Asia out of its financial
      AFP  -  409 words
    • 353 5 Bat bankers say move too little, too late; farther adjustments expected AFP [HANOI] The State Bank of Vietnam yesterday devalued its currency by 5.29 per cent to 11.800 dong per US dollar, but bankers said the adjustment was too little and too late.
      AFP; REUTERS  -  353 words
    • 332 5  -  It offers attractive opportunities, says PBEC leader //yi Catherine Ong (SINGAPORE] The secretarygeneral of the Pacific Basin Economic Council (PBEC) says he will advise members to invest in Indonesia as he sees the country offering attractive values, especially after March
      332 words
    • 280 5 Bridge News (WASHINGTON) The Interna tlonal Monetary Fund (IMF) will step up country-by-coun-try Inspections of emerging economies in the wake of Asia's financial crisis, international financial sources said yesterday, Kyodo news service reported. The IMF plans to establish a system to disclose inspection findings
      Bridge News  -  280 words
    • 251 5 Reuters ISINGAPORE] Singapore is a slightly riskier place to do business now than at any time in the last three years as a result of the Asian economic crisis, the Political Economic Risk Consultancy (Perc) said yesterday. Perc's Country Risk Report for January assigned Singapore
      Reuters  -  251 words
    • 327 5  -  It will help S'pore become the region's financial hnb, he says By i Clarissa Tan [SINGAPORE] Using the Sing dollar as the common trading unit in this region will help Singapore in its aim to be the leading financial centre of
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  • Page 5 Advertisements

  • REGION
    • 221 6 HONGKONG AFP THE Hongkong government yesterday advised residents visiting Indonesia "to be extra cautious" and avoid large crowds amid growing violence there, much of it aimed at ethnic Chinese. "The Chinese embassy in Indonesia has started registering Hongkong residents who contact
      AFP  -  221 words
    • 413 6 KUALA LUMPUR Competition for fond*, country's economic problems blamed for fail AFP. Reuters FOREIGN investment in Malaysia fell 22.7 per cent last year in the face of competition for funds and the country's economic problems. Interna tional Trade and Industry Minister Rafidah
      AFP.; Reuters  -  413 words
    • 244 6 JAKARTA Speaker's move allows Golkar to unite behind minister Reuters INDONESIA'S Research and Technology Minister B J Habibie looked set to become the country's next vice-president after a rival politician yesterday withdrew his name from contention. Parliamentary speaker Harmoko,
      Reuters  -  244 words
    • ASIA Notes
      • 52 6 AFP [BANGKOK] Thailand has expelled 19,000 illegal foreign industrial workers in the first stage of its drive to free up a million posts for jobless Thais, a top labour ministry official said yesterday. Some 300,000 illegals are expected to be expelled by the middle of the
        AFP  -  52 words
      • 64 6 AFP [BEIJING] China laid claim yesterday to the world's first advertisements, saying its peddlers and shopkeepers used the first rhyming verses to sell their goods more than 1,000 years ago. "According to documents from the Tang dynasty (618-907 AD), shop owners sang: 'New
        AFP  -  64 words
      • 32 6 Reuters [SEOUL] About 200 staff of South Korea's troubled merchant banks protested yesterday in Seoul after the finance ministry revoked licences of 10 ailing merchant banks.— Reuters
        Reuters  -  32 words
      • 60 6 AFP [JAKARTA] Foreign tourist arrivals in Indonesia hit 5.03 million in 1997, up 5 per cent from 1996 but bekm an official target of 53 million, the Jakarta Post said yesterday. Foreign exchange earnings from tourism rose to US$6.B2 billion (Ssll billion) against U516.3 billion
        AFP  -  60 words
      • 35 6 Reuters [WELLINGTON] Jim Bolger, New Zealand's prime minister until his ouster late last year, resigned his parliamentary seat yesterday to take up the post of ambassador to the US.—Reuters
        Reuters  -  35 words
  • Page 6 Advertisements
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  • HONGKONG BUDGET
    • 907 7  -  HK Financial Secretary will have to grapple with stimulating the slumping economy without digging too deeply into the territory's coffers Reports by Loh Hui Yin [HONGKONG] EVEN the usually confident Donald Tsang has admitted that this year's budget will be the most difficult of the three
      FILE PHOTO  -  907 words
    • 437 7 Proposals include pot options, doilarising the HE economy WHEN he presents his third budget, Finance Secretary Donald Tsang is likely to take the opportunity to reaffirm the Hongkong dollar's peg to the greenback, although Hongkong's currency board system has been in place since 1963. The
      437 words
  • Page 7 Advertisements
    • 93 7 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
    • 52 7 s AIA the only Asia-based life insurance company to be awarded the AAA rating. Standard foof'i M Standard and Poor's, the world's leading credit rating agency, has just assigned the highest 'AAA' rating to AIA. It's a testimony to AlA's financial .strength. It's also one more reason why more Singaporeans
      52 words

  • REGION
    • 250 8 BEIJING Reuters EUROPEAN Trade Commis- sioner Leon Brittan arrived in Beijing yesterday for talks on China's long-delayed bid to join the World Trade Organisation (WTO), an EU spokesman said. Mr Brittan would meet Chinese Foreign Minister Qian Qichen and Foreign
      Reuters  -  250 words
    • 491 8 TOKYO He also poshes for better relations with US, Russia, China in policy address AFP JAPANESE Prime Minister Ryutaro Hashimoto vowed in a wide-ranging policy speech yesterday to lift the economy from the doldrums, cooperate with the US on Iraq and seek
      AFP  -  491 words
    • 305 8 TOKYO AFP, Bloomberg JAPAN'S corporate bankruptcies in January soared 24.8 per cent from a year earlier to 1.502 cases, the worst post-war record for the month of January, a private credit research agency said yesterday. However, the country's corporate bankruptcy liabilities in the
      AFP,; Bloomberg  -  305 words
    • 193 8 TOKYO Reuters TWO of Japan's leading banks, Sumitomo Bank and Bank of Tokyo-Mitsubishi, were implicated yesterday in a widening bribery scandal involving officials at Japan's powerful Ministry of Finance (MOF). Tokyo prosecutors yesterday issued a fresh arrest warrant against two MOF inspectors, who were already
      Reuters  -  193 words
    • 209 8 THE HAGUE Reuters CHINA and Royal/Dutch Shell Group yesterday signed a long-awaited deal for the construction of a US$4.5 billion (517.5 billion) petrochemicals plant in China's southern Guangdong province. The joint venture agreement, for an ethylene plant in Nanhai, was signed in
      Reuters  -  209 words
  • Page 8 Advertisements
    • 223 8 SHE&ATON HOTELS ft &ESOKTS IN ASM sjlilitil m —J N n *(Ope«« nf U« 19W) SaA(M c V eoto ,>* ril I II 111 I ,Q -^B——- M Kowfcm W m > mm Gm ■Mi M mi M mL-zrzE 11 m ff I; V<-*| iTflB B !^g»—~■ m SKIm M
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  • REGION/WORLD
    • 239 9 PARIS Reuters THE US delegation at the Organisation for Economic Cooperation and Development (OECD) talks here on a global investment liberalisation treaty said yesterday it did not want an agreement that could lead to discrimination against US telecoms and computer software companies. A statement
      Reuters  -  239 words
    • 392 9 TAIPEI Taiwan central bank governor and wife MMiig the passengers Reuters A TAIWAN airliner from Bali crashed in a fireball yesterday at Taipei's international airport. killing all 197 people aboard and two on the ground, officials said. Among the passengers and presumed dead were Taiwan's
      Reuters; REUTERS  -  392 words
    • 377 9 NEWDELHI 15 killed in armed clashes, bomb blasts on Ist day of elections AFP MORE than 100 million Indians. guarded by hundreds of thousands of security personnel. voted yesterday as the world's largest democracy returned to the polls for the second
      AFP  -  377 words
    • 247 9 BONN Reuters GERMANY yesterday announced an aid package for the construction industry designed to mobilise 22 billion marks (5520.2 billion) in investment and stop building workers joining record dole queues in the run-up to this year's election. Construction Minister Eduard Oswald said cheap loans
      Reuters  -  247 words
    • 198 9 BRUSSELS Reuters PLANS to boost employment by lowering Value Added Tax (VAT) on labour-intensive service industries made little headway yesterday at a meeting of European Union Finance ministers. Ministers said they needed more information before deciding whether to try out the idea in practice
      Reuters  -  198 words
  • Page 9 Advertisements
    • 213 9 THIS EVENING BE AWARE IMPORTANT NOTICE TWO SEMINARS AT 7 P.M. TUESDAY 17TH FEBRUARY AND FRIDAY 20TH FEBRUARY 1998 at the SINGAPORE ART MUSEUM (Patron's Club) 71 Bras Basab Road, Singapore *****5 to inform/enlighten the Singapore public on the future relevance on the global economy of the art/wealth preservation aspects
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    • 104 9 v I [mm J ffvv ma* ilia wP L 1 v» M fr M 88E3G3 \i I mm Introducing The Westin Tai Ping Yang Shanghai Deluxe Winter Bonus Rate promotion. Your red carpet awaits from Nov. 22,1997 until Feb. 28,1998 for US$lOB based on deluxe single room occupancy. Double room
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  • Page 10 Advertisements
    • 31 10 A Service of NBC Dow Jones v CNBC Asia Business News is available on channel 15 of Singapore Cable Vision. For more information please call Singapore Cable Vision at >72 0188.
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  • EDITORIAL & OPINION
    • 794 11  -  THE BOTTOM LOVE OPINION By Tye Kim Khiat The writer is BT's deputy foreign news editor IS THE Australian economy insulated against the financial crisis in Asia? Australian Prime Minister John Howard would like the investors to think so. But his overweening confidence may
      794 words
    • 105 11 This is the new male thing. You used to be judged on what kind of car you drive, now it's how much memory and disk space you have (on your computer).' HffitriiAll Kfftmiw chairman of a software company as company executives are becoming more computer literate. The
      105 words
    • 653 11 EDITORIAL TWO events occurred over the weekend which seriously compounded the uncertainty that hangs like a dark cloud over the Indonesian economy. One was news of a letter from IMF managing director Michel Camdessus to Indonesian President Suharto expressiog opposition to a planned currency board for Indonesia.
      653 words
    • 1102 11  -  Zhn Rongji has set his task as premier to streamline the Chinese govt on road to a market economy Lu Ning The writer is a BT correspondent specialising in China affairs A POPULAR Chinese political quip goes: "Stick with the ministry of commerce, you'll be wallowing
      FILE PHOTO; Source: HK Economic Times  -  1,102 words
    • 345 11  -  MAILBOX A S K Wee Singapore TO MY horror, I read of the IMF chiefs threats to cut Jakarta's bailout funds. The IMF's playing with the lives of millions of Fast Asians and his actions are no differ ent from the Clinton administration's playing with
      345 words
    • 385 11 Most crndal time far Suharto PRESIDENT Suharto has governed for 32 years, since the last ruinous riots swept the country and resulted in the downfall of Sukarno. Next month, barring unlikely events, he will be selected again to another five-year term. In all that time, he
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  • Page 11 Advertisements
  • Page 11 Miscellaneous

  • Page 12 Advertisements
    • 570 12 I K r s <t W t, *4. BKHH I i"2^«im I 91 St *C j*| II fi I I I g ■H^§^.'-',/• "^B I fj J I 1 jflrii ■*^^^^p; i ?^iil| mam i fl I w§9h I m BL vR T A BP w> M: IVI'VHi H m
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 719 13 TV&RADIO 7.30 Boston Common. LOO PM TV Innovations. 1. B i 8.00 Three Rooms Face Off 3.00 CDIS. 2.30 PM TV Innovations. (Lastep). 4.00 Chlnna Chinna Aasai (r). IMf 4.00 Kidz Blitz: Alf. 8.30 Shiver The Bleeding 430 Chinna Kuyili (r). 4-30 Dexter's Lab. Man. 5.00 Akkam Pakkam S 5.00
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    • 178 13 CRYPTIC CROSSWORD 1 Back up during games (7) PI PI T 5 Stored a crumble that had been purposes? (7) DOWN creature (8) YESTERDAY'S SOLUTION 1 Start with well-dressed person 13 The look of one who's broke? |s| i lolElclAlßßA'pTHlo'ploisl from Kent area (3,3) (5,5) iTUeUoyEMpWAMoMwi 2 Voting system will
      178 words

  • EXECUTIVE LIFESTYLE
    • CYCLE & CARRIAGE GOLF PAGE
      • 989 14  -  At the Gary Player Country Club course, the trickery starts from the second hole and just doesn't let up. says micklaus D'CRUZ NICKLAUS D'CRUZ IF you think about the game in its most basic terms, it really is not all that complicated.
        989 words
      • 539 14  -  No club spared; some maj limit resale of memberships By Ven Sreenivasan MEMBERSHIP prices of golf clubs hit a record low last month as the regional financial turmoil continued unabated. As a result, the eight-club BT Golf Index fell a whopping 20.86 points,
        539 words
      • 603 14  -  Electric carts leaving conversation and patience behind them By Nicklaus D'Cruz I'M SURE we play a different game of golf now from, say, 10 years ago. Some differences are obvious innovations introduced to the game, like our move from hickory to iron to steel
        603 words
  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 354 15  -  Wharves at three plots of land to be redeveloped into 2,348 condo units By\ Diana Oon [SINGAPORE] The Keppel Group has received provisional planning approval to redevelop its Telok Blangah wharves into a massive condominium with over 2,000 homes. k
      354 words
    • 406 15  -  By] Diana Oon [SINGAPORE] Beverage and property' group Yeo Hiap Seng has been given provisional planning permission to redevelop its Dunearn Road factory and warehouse site, although it has still to sort out a restrictive covenant issue with the Land
      406 words
    • 394 15  -  Bnt it warns that strong US$ may drag it back into the red Ry* Carol Eng (SINGAPORE) Packaging group CarnaudMetalßox Asia (CMB Asia) yesterday reported a business turnaround with net earnings of $515,000 for the year ended Dec 31. compared with a
      394 words
    • 627 15  -  HOCK LOCK SIEW Conrad Raj IT HAS been more than half a year since Singapore Airlines chairman S Dhanabalan floated the idea of a share buyback scheme to improve the value of the company's stock in the eyes of investors.
      627 words
    • 290 15  -  ////< Ang Wan May (SINGAPORK) AFP land's bid to retain ownership of the Mauritian resort and residential project of Mauritian businessman Roland Maurel has fallen through. The prime minister of Mauritius has not given ap proval for AFP formerly Amcol Holdings, to buy the
      290 words
    • 351 15  -  Siow Li Sen ISINGAPOREI Keppel Finance yesterday posted a 14 per cent drop in group ne t profit to $22 8 million for the year ended Dec 31, 1997. Earnings per share of the soon-to-be merged finance company was down 17 per cent to 10
      351 words
    • REGIONAL COMPANIES
      • 465 16  -  3.6b b&ht stock swap involving Shinawatra, Charoen units biggest Thai cable TV deal From. Harish Mehta in Bangkok IN THE biggest cable TV deal in Thailand, a cable TV subsidiary of the giant Charoen Pokphand Group yesterday bought the cable TV operation
        465 words
      • 311 16  -  Teh Hooi Ling |SIN(i AI'()KK| Singapore? Telecommunications is in talks to invest in Malaysia's telecom m u nications industry. "We are looking at various opportunities in Malaysia," Bloomberg News quoted Allen Lew. chief operating officer of Singapore Telecom International. as saying.
        FILE PHOTO  -  311 words
      • 309 16  -  By\ Siow Li Sen [SINGAPORE] Singaporeaiy businessman Oei Hong is expanding his group's communications business by increasing its stake in a mobile phone operator. In a deal signed yesterday, 1 Mr Oei's listed Star Telecom will buy from Taiwan-owned Pewc Telecommunications its 28
        309 words
      • 346 16  -  Christopher Tan (SINGAPORE) Transportbased Comfort Group has teamed up with NTUC Choice Homes to build private condominiums in Simei its second foray into property since an executive condo venture with Lum Chang last year. The group, which operates Singapore's largest taxi fleet and
        346 words
      • 146 16 [SINGAPORE] Parkway Holdings has given up control of a local dialysis unit to its USbased partner RTS-Worldwide Holdings Inc. a subsidiary of New York-listed Baxter International Inc. Parkway sold an 11 per cent stake in Gleneagles Dialysis International Pte Ltd (GDI) to
        146 words
      • 380 17 Bank Negara has given Aussie group go-ahead to start talks, say bankers Bloomberg [KUALA LUMPUR] Australia New Zealand Banking Group Ltd is in talks to buy about 30 per cent of Malaysia's Sime Bank Bhd from a statecontrolled fund, said
        Bloomberg  -  380 words
      • 435 17  -  Fronv Quak Hiang Whai in Hongkong SOUTH China Morning Post (Holdings) has turned in a credible set of interim results, reporting a jump of 8.5 per cent in net profit to HK5411.69 million (5589.1 million) for the six months to Dec 31.1997. up from HK5379.35
        435 words
      • 106 17 Bloomberg [KUALA LUMPUR] Com merce Asset-Holding Bhd yesterday denied a newspaper report that it's in talks to merge with Bank Bumiputra Malayma Bhd. The company also denied ft's in talks to merge with International Bank Malaysia Bhd, another banking group. Commerce Asset said it is
        Bloomberg  -  106 words
      • 339 17 AFP (BANGKOKI Thai Airways In ternational pic said yesterday that it had posted a massive net loss of 26.66 billion baht (*****.7 million) In the first quarter of its 1997/98 fiscal year as the regional economic crisis took its toll.
        AFP  -  339 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 404 18 US giant trying to close price gap to regain market share Bloomberg [NEW ORLEANS] Eastman Kodak Co and Fuji Photo Film Co will step up their battle this year to win business in the US market for colour film
        Bloomberg  -  404 words
      • 391 18 Brisk copier sales power 4th straight year of growth, bnt earnings gain slowing Bloomberg ITOKYOJ Canon Inc, a Japanese maker of copiers, printers and cameras, said brisk copier sales powered a 26 per cent increase in profit for the year ended Dec 31.
        Bloomberg  -  391 words
      • 163 18 Reuters [LONDON] Barclays pic is pursuing its plan for a merger with rival National Westminster Bank, the Sunday Times reported.« The paper said Barclays chief executive Martin Taylor, who has close ties with the government, is "discreeUy lobbying"»aenior government figures for approval of a
        Reuters  -  163 words
      • 347 18 Reuters [TOKYOJ Japanese advertising group Dentsu Inc. dominant in Japan but hardly a household name abroad, says it will beef up its overseas business to brave heightened global competition. For over two decades, Tokyo-based Dentsu has held the status as the world's largest
        Reuters  -  347 words
    • FINANCE & COMMODITIES
      • 371 19  -  Kortgage banks' global issues to be redenominated in the euro next January By i Catherine Ong THE Association of German Mortgage Banks is in town to promote its triple A-rated Pfandbrief bonds ahead of the launch of the euro in January next year.
        371 words
      • 393 19 DHJ Barings' pnllout to benefit big US firms, say analysts FT The withdrawal last week by ING Barings from Latin American equities research, sales and trading has left many of its competitors close to shock. -*jf This was not the withdrawal of a marginal player
        FT  -  393 words
      • 231 19 mimi« Report Reuters (SINGAPORE) Simex Euroyen futures softened yesterday as cash rates rose due to demand from Japanese banks for funds covering the fiscal year-end while the prospect of fresh economic stimulus steps continued to hang over the market. Dealers said activity was slow
        Reuters  -  231 words
      • 158 19  -  MSCI TAIWAN FUTURES Ms Cecilia Loh day. Ms Cecilia Loh, Service Dealer, Refco S'pore Pte Ltd (SINGAPORE) The Slmex MSCI Taiwan Stock Index futures contract fell 2.7 points despite the Talex closing up 1.83 points. US Imposition of anti dumping tariffs against Taiwan chip
        158 words
      • 232 19 ENERGY REPORT Reuters [LONDON) Oil prices were flat yesterday as Iraqi tension again failed to take the weight off a huge global oil glut. Crumbling Asian oil demand, too much supply and brimming oil storage tanks have sliced a third off prices over the past
        Reuters  -  232 words
      • 298 19 Reuters London THE US dollar and the mark perked up against the yen yesterday, revitalised by speculation that the Japanese economic stimulus package which is expected to be announced this week will not do enough to boost growth. The yen was also undermined as Indonesia's plans to set
        Reuters  -  298 words
      • Article, Illustration
        1012 19 nrrMMAMKOOWKATM MIC £L-JL«S£_2E^J!__5LJ5L5i£5E!S_J6LU5*-_E-JELE£JL2£L_2L*5L_JLJ!!L5£^2LJE M*Ba -0.961 ifTI UN iOM UO 2M700MM IM 1M 2« US029JB27.5K UB 12* MB 2L0B SUM MR 0404 CM 1040 1753 0439 4229 1242 SJM ********** UM UB 2JB *****09*0441 UB MM IMfrnXM 1423 IM 0«M IB 0.174 OJI 17B 0l2I9 19S 4177 UK OJE 2JBH MR
        1,012 words
    • 1521 21 81C0M rUTUHES Feb 16 WWEI (Www de*e «l 5JOje) RSS1CONTRACT(Scwts/k«j Oom VaMna Opaa f.tt !■>■■■ ,t n)y> UHI Mu (lOfltfj WlffttT Hv 98 0X25 200 Apr 98 137.25 3550 May 98 140.25 3550 IM M 3250 JwVS«p9e 152.25 147.00 150.25 750 4320 0ct/Dac98 158.00 MOO JwAtar 99 Ml50
      1,521 words
    • 2093 21 Na» fmm V Grave 506 *3 ABPort* 294 -V400 Attoy Natoonal 1209 25 AMad Domocq 537 7 Aaac 125 AsdaGrm* 194 ♦HOC BAT M 569 H BC Pfc 3TV600 Laoc BICC *i BOCGm* 936 -6 6AP*tro«u>i> *****0 2 600 STB 162 -600 Bam o> Scotland 650.400 >1400
      2,093 words
    • 1655 21 AFP PgMM -15.41 JAPANESE share prices ended slightly lower yesterday, with most of their early losses on profit taking recouped by late bargain hunting. Brokers said investors turned sellers of banks, chemicals, construction and steels in early trading as expectations for a substantial government economic stimulus package faded. The
      AFP  -  1,655 words
    • Article, Illustration
      1561 22 AFP Qn»"ffSen* -***** HONGKONG shares dropped Lft. per cent yesterday on worries over rising interbank rates amid the financial crisis Indonesia, dealers said. '♦TThe market is worried over the currency situation in Indonesia," said an analyst. The key Hang Seng Index lost 150.57 points to close at 10,124.03. Turnover
      AFP  -  1,561 words
    • Article, Illustration
      679 22 Reuters n Shenzhen B Index -156 SHENZHEN'S B share market closed lower yesterday, taking its cue from heavy losses on the Hongkong stock market. The B Index fell 2.55 points to 91.15 on turnover of HK$2O million. "B shares cannot shake off the influence of Hongkong stocks," an analyst
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  679 words
    • 393 22 AFP QWP Index +LB3 STOCKS closed slightly higher yesterday on bargain hunting of technology and property shares, dealers said. "US anti-dumping tariffs against chip makers suppressed high-techs in early trading but bargain hunters bought at the lows," said a broker. "The impact of the US measure on static random
      AFP  -  393 words
    • Article, Illustration
      718 22 AFP ♦fig STOCKS rose 2.1 per cent yesterday on buying in large-cap, safe issues despite uncertainty over plans to peg the rupiah to a fixed exchange-rate, analysts and dealers said. One analyst said that as the rupiah weakened, overseaslisted stocks rose again. "When there is a big movement in
      AFP  -  718 words
    • Article, Illustration
      890 22 AFP PSETMn -15J1 SHARE prices closed 3.2 per cent weaker yesterday as investors held back amid worries about the direction of the Indonesian economy. Analysts said investors preferred to take profit because they were unsure about the effect Indonesia's deepening economic crisis would have on neighbouring countries. The SET
      AFP  -  890 words
    • 319 22 AFP n«Mih -7125 PRICES fell yesterday, sparked by a regulatory rilling for the country's largest power distributor to reduce tariffs and refund consumers. The Energy Regulatory Board ordered Manila Electric Co to "immediately" reduce its tariffs and give refunds to overcharged customers. The PSE Composite Index fell 72.25 points
      AFP  -  319 words
    • 441 22 AFP CI Composite Intel -7J4 SHARES fell 1.5 per cent yesterday on sluggish trade. Dealers said turnover was also slowed by the US holiday while financial stocks found some support after it was announced that Korea First Bank and Seoul Bank will resume trading at 8.120 to 7,550 won
      AFP  -  441 words
    • 587 22 AFP QAllOrfauuKg -3LB SHARE prices slumped 1.2 per cent yesterday as Asia's economic crisis and the related political crisis in Indonesia shook investor confidence. "We have caught the Asian jitters again, based mainly on the Indonesian talk to peg its currency against the US dollar." a broker said. The
      AFP  -  587 words
    • 250 22 Bloomberg CI Wellington -2182 SHARES fell yesterday, amid concerns prices for key export commodities such as pulp won't recover any time soon. The benchmark NZSE Top 40-share Index fell 22.62 points, or about one per cent, to 2,290.39. Within the index, decliners outnumbered gainers by 26 to 13. Bloomberg
      Bloomberg  -  250 words
    • KUALA LUMPUR STOCK MARKET
      • 8816 23 —mwmi Cmsmmt products t9M Last Vol Day Net Cap Mtfk La* CiapMf Sat* '000 High Law P/C Smll 310 180 Ailnomoto 280 3 8 285 280 1S.5 113.5 148 73 Angkasa n2 -9 56 1t9 112 2.6 165.1 290 123 Apollo Food Hlg 230 37 92.0 388 190 Berjaya Land
        8,816 words
      • 496 23 AFX-Asia n Composite Index -2X56 CONCERNS over Indonesia's resolve to implement a currency board system spilled over to drag the Malaysian ringgit and stock market lower yesterday. Dealers said the failure of the Commerce Asset Holdings Bhd and Rashid Hussain Bhd merger deal added to the
        AFX-Asia  -  496 words
    • WARRANTS & OPTIONS
      • 3590 24 ikm, LOANS i VARIANTS uj?®"*® Llll Vol Day LMt Ouoto Av« -P*l|l I— s» no Company Salt »w COOO) HtgA Low Buyor Sollor Prlct 9 m 3000 m *MOBC5.5H*****6T. 15 -2 48 16 15 14 20 8 3160 "Actr ******1 USS 16 14 18 8.5 3164 Acma ******4 21 *1
        3,590 words
      • 207 24  -  WARRANT WATCH By Ven Sreenivasan THE recent rally on the local bourse has been led by a slew of warrants, most of which are trading at under 50 cents. But there is one warrant that has significantly underperformed the market Apollo Enterprises. Yesterday, the
        207 words
    • 2322 24 Transaction Date :Feb 16 mCjiysmn stocks Qt 6r 1 Mm LKt V« tar UM 0mm OH D*v VW Mat MC# <■» L— «*»>» Cioiin Uf rOOO> t— Bwyar *«■»> CV PIT tmM 478 28 in I 5000 A1S8 50c <33 525 Kt6 95 KT «2 5 0 3J
      2,322 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1272 25 TVtttOYH COOO) VALUE ('OOO) cm t«ui xn ink r+m Jjfatrw 9U17 139,061 230J78 174,02 HW1 2*9,044 "S5? 13.M6 56,907 70.913 "02,839 54.809 137 649 2344 <424 3,081 U89 <371 2*S22f» 33.011 49.725 4U33 15.544 54,778 3387 Sjm 5.999 5999 >.«4 1.424 MM IMS s* 2,682 32.343 35,025 644 >0,313 n.159
        1,272 words
      • 5233 25 Transaction Dale: Feb 1G 1997/90 Last Vat Day Last Quota Otv Oiv ru Hat Cap Avo nm> L— StHa Company SaM a/- OOO) Htgn Law Buyer SaMpr CK P/I $mM Prtce WDUST8UIS tS7 1*5 a 1020 ACC Dynamlcs60c -.43 J.5 59 43 37 365 41 J* 2 42
        5,233 words
      • 813 25 SI A <£ 3S SKSMO 74 2000 wwank KM 10 41 107 00 MX 109 JO 60 02 M17 414 nr ;sr a*** 1 m s ts Si 41 «W MJMipJOc M 95 3 *5 4) so 4 44 J£S Am»6MM94ll0. 20 -1» an 10 J Hi 109 10
        813 words
      • 224 26 Stocks Volume •Renong BM 50c 51,950,000 •Rekapacific Bh 26,783,000 Easyknit HKIOc 21,674,000 •M Resources 16,830,000 •RHB Cap Bhd 15,698,000 •RMB Cap Wt99 15.549.000 •MBf Capital 15,322,000 SingTel 15c 10,182.000 Asia FoodiProp 9,957,000 •Renong WtOO 7.620.000 Stocks •Renong Bhd 50c 39,136.505 UOB Foreign 39,103,464 OCBC Foreign 33,331,748 SIA Foreign 31,853,025 SingTel
        224 words
      • Article, Illustration
        59 26  -  by Shiv Taneja UOB FOREIGN closed 60 cents lower yesterday at $7.45 on a volume of 5.05 million shares, compared with its 10-day traded average of 3.8 million units. In the next few sessions, the stock will come under more selling pressure. But long-term investors should buy into
        59 words
      • 639 26  -  STOCK MARKET COMMENTARY S'pore market tumbles in tandem with regional bourses as showdown looms between IMF, Jakarta over currency board plans Hi/ Ven Sreenivasan [SINGAPORE] The local stock market tumbled in tandem with regional bourses yesterday as investors kept to the sidelines
        639 words
      • ON THE GRAPEVINE
        • 56 26 MALAYSIAN Prime Minister Mahathir Mohamad's office in Kuala Lumpur is expected to be turned into a college when the premier moves to Putrajaya, the new administrative centre, at the end of this year. What is still unclear is the status of his official residence, Sri Perdana. Will
          56 words
        • 80 26 PATRIC LIM. chief operating officer and major shareholder of listed Khong Guan Holdings, is believed to be still interested in the financial services sector although he has given up the dream of owning a bank. He is believed to be keen in buying a substantial stake in Uniphoenlx
          80 words
        • 103 26 SINGAPORE'S Sim Lim Square, that renowned place selling electronics and computers, may just end up as Sin Lim Square, going by the number of its traders caught for software piracy. The most recent case is a 28-year-old part-time labourer, who received a sentence of
          103 words
        • 158 26 IN THE complex game of Chinese communist politics, it is sometimes important to read between the lines. The visit to Hongkong by the National People's Congress chief Qiao Shi seen by many as a hardliner and foe of President Jiang Zemin has been closely watched by the Hongkong
          158 words
        • 95 26 LIM CHUAN POH, the former director-general of Telecommunication Authority of Singapore, is a highly wanted man nowadays. BT understands that he's being courted by bidders of the basic telecom licence to head their operations. The three pre-qualifled bidders are now busy doing preparation work in anticipation
          95 words
  • Page 15 Advertisements
    • 303 15 Buy one, get one FREE! Purchase any of the following AMANO Time Recorders to receive a FREE user-friendly Unibind Thermal Binding System Model Sl2 worth $350. Promotion starts now while stocks last! Limited stocks so hurry and place your orders now! tmmm, amano Renowned for their reliability, accuracy and user-friendly
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  • Page 16 Advertisements
    • 324 16 Dow Jones Markets introduces Active]. The trading room revolution starts here. T. sf"sU v -y%\ -v^^^l^^HmßPHH|||^^H You work on the decisive edge where decisions are made instantly and constantly all day long. And Dow Jones Markets gives you a decisive edge the information and power tools that no one else
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  • Page 17 Advertisements
    • 236 17 UNIVERSITY OF HS UNIVERSITY OF WESTERN SYDNEY BS LOUISVILLE Neoean A astral u "The Top 25 Business Schools" Kentucky. USA ®Bad dbalmba ftII riiiß M M 1 1 Hlfl PoOr m msmm fliiimUi ■inn Ist Intake March '98 2nd Intake March 98 Nationally accredited by AACSB Duration 2 l 'i
      236 words
    • 29 17 This announcement appears as a matter of record only. SINGAPORE POWER Singapore Power Limited *****,000,000 Medium Term Note Programme Arranger and Dealer Citicorp Investment Bank (Singapore) Limited February 1998
      29 words
    • 214 17 1 0) Uh Just one of tbe great benefits from Double Options in Asia Pacific Now, when you stay at Inter-Continental Hotels or Resorts in Asia FWcific, it's even tetter value than ever before. Choose two of these great options that hest suit you, to take advantage of real Inter-Continental
      214 words

  • Page 18 Advertisements
    • 242 18 mrnm V fl I] '"^^l 'v^^ r 1 1 111 f J J i T* ft 11*1 i I* I I |> 1 vTTTTX. I mmwmmaam^^^^M ->»Wz»7iT?l/T«T»M/«iTgCTk7JTW*fyffTiT7^^^^^^^^^M II Kji ■■■fllltMfifl I Bl^Qhl fcT^j t Aspiring higher. Exploring further. cy Thi* it the spirit of the International Trade Award. First launched
      242 words
    • 49 18 I. Online, Multi-Currency, Ready to Use, Packaged Accounting Software a 0 Sales Orders 0 Delivery Orders 0 General Ledger V 0 Accounts Receivable a °d V] BSS SOFTWARES (S) PTE LTD #05-20 Afro Asia Bldg, 63 Robinson Road, Singapore *****4 Tel: 224-3812, 224-5561 Fax 224-5302 e-mail flidea@swiftecti.com.sg Internet: http://www.flidea.com.sg
      49 words


  • Page 20 Advertisements
    • 2167 20 Despite two-piece can selling price reductions, the new Tuas and Ho Chi Minh City plants delivered positive operating contnbutions (more than covering their respective depreciation charge) on the back of the strong volume gains and the f r \Y\ systematic implementation of the Group s costs reduction program. This continued
      2,167 words




  • Page 24 Advertisements
    • 60 24 Clipper Chronograph watchem TIME MAKES THE DIFFERENCE. |®®3*// DICKSON WATCH 6- JEWELLERY (S) PTE LTD H iHF IA whotty owned übwWy of DICKSON CONCEPTS (INTERNATIONAL) LIMITED I ,rt#fflf| 391 A Orchard Road Nfee Ann City #17-06 Singapore *****3 Av d,> 9 DICKSON WATCH JEWELLERY: The Pr.m«,.d.. Cntr.po.,.. SunU* Ply. HERMES
      60 words

  • Page 25 Advertisements
    • 69 25 Hello? I'm calling m so your advertisement in great...just like HirK m Y ct The Straits Times Classified... J I the ad I The Straits Times Classified. 1 you still have the puppy... J described. J \l'm going to take real good^ I'll be right over! c.irc of luin FJ
      69 words

  • Page 26 Advertisements
    • 392 26 O/tCt'.S |o achiTtisi- call toll-free ISIKi-741 IKX.* IN THE MATTER OF THE COMPANIES ACT CAP 5* AND IN THE MATTER OF K.EVG SENG DEVELOPMEVT PTE LTD ila Member?' Notonun Ltqaidaoofii NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section XW of the Coopuuet Act Cjp 50 that the
      392 words
    • 21 26 As LOOKING FOR YOUR SPOT ON THE TEAM? Look to the employment section of The Straits Times Classified. Pf I CATS.
      21 words
    • 132 26 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Singapore Press Holdings Limited (the "Company wishes to announce that the Directors of the Company have exercised the powers granted to them pursuant to Anicle 32(1) of the Articles of Association of the Company to reduce the presenbed percentage
      132 words
    • 305 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NWM INVESTMENTS PTE LIMITED (IN LIQUIDATION) NOTICE IS HEREBY OIVEN that the creditors of the abovenamed Company, which is being voluntarily wound up. are required on or before 17th March. 1998. to send *1 their names,
      305 words
    • 1109 26 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. |ca.ts. 00 Indian Overseas Bank (incorporated in India) Central Office, 763, Anna Salai, Chennai 600 002 BALANCE SHEET PROFIT LOSS ACCOUNT AS AT 31ST MARCH 1997 Rs in 000s FOR THE YEAR ENDED 31 ST MARCH 1997 Rs
      1,109 words

  • SHIPPING TIMES
    • 334 27 Bridge News THE US Gulf-Japan Panamax grain rate reportedly jumped 50 US cents for an end Feb-early Mar cargo while several Panamaxes were reported fixed in the east. The Panama Canal draft was a talking point but brokers agreed the market impact will most likely be evident with
      Bridge News  -  334 words
    • 281 27 WK8F#***- wm> F«*M 11 CWTOMrfMtat O.M -0.105 29 CftuanHi* 0.44 -0.01 47 Cmc* mnumrt 0.80 FraigM LMu 0.315 -0.025 153 06 HokMngs 0.335 *0.005 1 Hai Sun Hup 0.54 *0.015 345 HKacW Zoaan 0.625 -0.015 76 IMC Hoidlngi —HK 5.60 JavaHoMtagi 0.41 *O.Ol 13 Jurong Shipyard 7.00 -0.50
      281 words
    • 511 27  -  Project is the first and largest of such contracts for JapanIndonesia routes By Felix Chan [SINGAPORE] Leading Japa nese shipping company Mitsui OSK Lines is strengthening its reach into the energy trans portation sector with a deal to acquire Burmah Castrol's 50 per
      511 words
    • 328 27 AUSTRALIAN UMIOM-DOCE ROW Anssie minister condemns move as bally boy tactics Reuters, Bridge News [MELBOURNE] Members of Australia's powerful maritime union yesterday voted to accept a labour tribunal's re-turn-to-work order but started a 48-hour strike at another dock in Melbourne. A Maritime
      Reuters,; Bridge News  -  328 words
    • 144 27 (SINGAPORE) Keppel FELS has completed a USsllomillion (*****.4 million) rig conversion job for Brazilian company Tenenge. The contract was awarded in January 1996t0 Keppel FELS and Tenenge, by Brazilian state-owned oil firm Petrobras. Work done on the rig included upgrading and modification of the existing hull, removal of
      144 words
    • 205 27 Lloyd's List [PARIS] Asia's economic crisis, along with the impending International Safety Management code, should contribute to a "more ordered and efficient transportation sector", according to French shipbroker, Barry Rogliano Salles. In its newly published annual review of shipping and shipbuilding markets, the
      Lloyd's List  -  205 words
    • 1156 28 US AIRLINE DEREGULATION System is flawed when the big airlines take advantage of their dominant position to push some fares to record highs FT ONCE the cost of a return economy class ticket from New York to Los Angeles has reached U551,836 (553.050), it
      FT  -  1,156 words
    • 256 28 PACE EIS 14 ACL 9 Ethiopian 6 ANl 3 Exp Orient 14 Accord 8 Ewgreen 6 Appenship 5 FoongSun 8 8 Astro 3 G Link 4 Austral 9 Gemartrans 8 BSA r Genshpg 9 Bat am into 7 HaiSunHup 8 Bayswater 7 Hangli
      256 words
    • 24568 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyeqe Telephone ETA ETA Advertiser Vessel Voyege Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number a To BARCELONA (BCN) 2042 Spj/n To ABIDJAN (ABJ) 2003 ir/« 14/03 Triestmo ever grace 0200 o*tw *3 twin Ivory Coast,
      24,568 words
    • SHIPS IN PORT
      • 786 41 Vessal Voy No Berth Arrival Departure J—| Part Bt Bar f*n 0496 JO) alongs** 16.02/2)00 St Bartatl Fa6* JO) alongs** 02/2359 Bt IrisiM b *****8 JO) aloogsK* 17.02/0300 St Put Tetof 02*99 JO) alongside 17.02/0900 BtRtiJ *****6 JO) alongside 16.02/1900 Bt S Weu Feb* X) j longs 02/1600
        786 words
      • 1752 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Bolanct Rstls Ship Voy No Etb/Btr Parted From To From Ac«4«tco i art N/noo u M/noo m/mm m/noo W It tt/noo M/NOO U WOO 17/OtM 17/0100 It ii/i7oo ir/MSt iwtoo J 17/0700 17/I1M I7/W00 4 17/1200 17/MM 17/1700 tiMUK 21
        1,752 words
      • 210 41 Fab 23 Brunei: National Day. Luxembourg :Carnlval Monday. Feb 24 I'ortugal Carnival. lbr 2 Greece: Orthodox I>?nl Monday. Mar 17 United Kingdom. St Patrick's Day. Mar 20 Japan: Vernal Ktjulnox Day. Mar 21 Mexico: Juarez Day. »Ur 20 Greece: Independent Day. Apr fl Hong Kong Chin# Min# Kmtlval.
        210 words
      • 885 41 THIS report. compiled by Corfcetl Marine (Ml I .id. shows iirtrr ranges In US dollar* In ■load nt single prices for a mon- comprehen •tve .Inscription Ihr market HrlrN shown an« based on average sited stem Markrl movements arr Indkat Ml The nrkrH hunker Price Indei
        885 words
      • 421 41 Carbon 180 Mu 1016.5 0.8 14.1 0.M KM 0.05 u OeMltf Weter tesldve ilk Aluminium No *bovt E25 5 0 0 3 I 0 180 Av 985 5 0.4 12.9 0.06 27 0.0! bun MO Mm 992.0 L0 16.6 0.09 43 0.04 Ho .Oovt 635 3
        421 words
    • AIR & LAND TRANSPORT NEWS
      • 276 42 Reuters [FRANKFURT] The management board of German airline Deutsche Lufthansa will discuss this week whether to set up a low-cost, no-frills airline, the company said. German weekly news magazine Der Spiegel said in an advance copy of a report to be carried
        Reuters  -  276 words
      • 415 42  -  Sales op 4.5% to 1.2 m vehicles, group turnover rises 15% to 60Jb marks last year By Christopher Tan (SINGAPORE) Despite the economic turmoil in Asia. 1997 turned out to be the best year ever for the BMW Group,
        FILE PHOTO  -  415 words
      • 287 42 AFP [HONGKONG] Hongkong held the biggest test-run of its new Chek Lap Kok airport on Sunday, with more than 1,000 volunteers putting the passenger terminal through its paces and pronouncing it ready for a July opening. Despite some unidentified "areas
        AFP  -  287 words
      • 501 42  -  Qantas, SIA, Cathay cnt fares on Asia routes as crisis heightens competition Felix Chan [SINGAPORE) With Asian carriers trying every which way to soften the blow of the region's economic meltdown through staff layoffs, with drawal from routes, aircraft deferrals and cancellations, it
        501 words
      • 277 42 AFP (HONGKONG] Hongkongbased Cathay Pacific Airways Ltd cannot rule out further job cuts, but it has no plan to order large redundancies, an airline official said yesterday. "We have already said that there is no plan for another massive round
        AFP  -  277 words
      • 1727 42 CITY RIGHT ETA RIGHT ETO $0604 1025 MaMHM CV794 2300 UMI VNT« 1310 W740 WW mmm *A736I l«30 ur3V 2050 ""43 1*29 of si N3o onz an h*y«i tg«07 imo tg4oo S0229 2220 MS95 2T50 W89t #15 AmUrtaa $0327 0010 U.644 0125 No CM MM VN74I
        1,727 words
      • 334 42 Analysts expect it to report earnings of NZ$BO-NZsloom Reuters [WELLINGTON] Air New Zealand's half-year result today is likely to show a modest improvement from 1997's sharply lower interim profit, analysts said yesterday. They generally expected a six month profit of between NZ$BO million
        Reuters  -  334 words
  • Page 27 Advertisements
    • 21 27 US air fares soar after deregulation Big carriers take advantage of dominant position to push some fares sky high. Page 2
      21 words
    • 370 27 People Star Cruises has appointed is currently chief executive of Cheong Tack Hoong as its Chan Brothers Travel, executive vice-president with a major tour operator and effect from Feb 25. Mr Cheonq travel agent. brings with him over 20 years Star Cruises has also appointed of experience in the travel
      370 words
    • 496 27 bqeebbsebbbi for SIBCON as be celebrating Us 10th Anniversary as one of the major events of the shipping and bunkering SIB C O N 98 community. Participants of SIBCON '98 will enjoy a host of attractions. The special benefits 10th Singapore International Bunkering Conference Z™" An<i ue your 24- 25
      496 words
    • 21 27 BMW turns in best year ever Vehicle sales up 4.5%, group turnover rises 15% to 60.1b marks in '97. Back Page
      21 words

  • Page 28 Advertisements
    • 779 28 |MIBAPOHg CAUTOniaA POWE&S |MRSCT FROM WEST COAST) [I )OUCF KARACHI tXPHtSS (OKX) I I** [m T~su u Tai vissa Ivorl ju mm Immlim ax pig sm I L»«MT IMM M/ 01 74/01 »/•> M/M U/M WW 711 M/M 77/97 73/07 77/97 05/01 04/01~ 10/ M —mm— vmwms omt m/oi »/oi
      779 words
    • 570 28 fWKK\ L,nes A services represented u.. if®!; by Member o( the Reg.str y o» Sngapore Fre.gfn Fwvwdefs Accredited Shipping Agents UUy Association Singapore Sfnpp»ng Association SHffHNGTIAffiSONUNE Just talk to us... Iris Lim 740-2044 Jarrod Leoog 740-2089 EXPORT 3 x Japan -2 x Hongkong -1 x Mania •1 x Koosfcung, Koaiung
      570 words

  • Page 29 Advertisements
    • 930 29 SAX SttVKi (DIRECT) rasa vot swm iax oak mi hou or cot 1 who 1 mi I nyT NOt AMAZOMTt 0131 19/02 05/03 10/03 10/03 11/03 11/03 11/03 11/03 12/03 12/03 HX SARDONYX 0011 25/02 12/03 17/03 17/03 IS/03 18/03 10/03 11/03 "1Q703~ 19/03 WOLUEUmsn 037E 09/03 19/03 24/03 M/
      930 words
    • 2196 29 OHANJIN SHIPPING U$A CANADA* RMVSI/VOT IMMI UN IMNAU/VOT SU iM MM POX 5i £&p PTT DTT MEM PH ["wfl rVI TU. T~m H.BUAKTMOWI 70/07 71/02 OOKT 11/03 13/ M 14/ M U/03 IS/M IS/03 U/03 17/dT~ 17/03 17/03 14/03 ~ij/M~ 11/03 M. EIZAKTH 07* 20/02 21/W H. SIATTU/04M 20/ M
      2,196 words
    • 94 29 ORIENT EXPRESS UNES (U.K.) LIMITED Of?J, (MANAGER FOR SHREYAS SHIPPING LIMITED) (BOMBAY) SHUTTLE. VtSStl VOT SINGAPORE IQMIAY VKSft VQY BOMKAY SINGAPORE LEERORT 310 20/02 01/03 NORDKAP 423 18/02 02/03 NORPKAP 424 02/03 11/03 OOCL ADMIRAL 013 25/02 09/03 OOCL ADMIRAL 014 09/03 18/03 LEERORT 310 04/03 16/03 LEERORT 311 16/03
      94 words

  • Page 30 Advertisements
    • 1463 30 <Sr DSR-SEMATOR In Round the World Container Services I TO UK/CONTINENT FROM UK/CONTINENT wr m lb< btm urn won smr Ihj "llvessb. Ivor lb* 1m I htm 1 snv how fw** tiwoicosmos worn itn un do hss tin un hmunpmm turn mb an nr tin 22* I CMOYAJBAM VMM 11K
      1,463 words
    • 1048 30 MY ANG LNE ,rrt-rn < htt P "wwwymlcomtw flUtikXlU+lt tk O m L «SS£L VOY LCH fXT HAM AMR HFA SIN DOVER BRIDGE A752E SIO SID SLD SID SLD 17/02 MING STAR ASOIE SLD SLD SLD SLD SLD 24/02 MALACCA BR ABO 2 SLO SLD SLD SLO 17/02 03/03 MING
      1,048 words
    • 476 30 Ij&IJESSELTON LINE Tlti MI34M PAX: *****13 1 MUARA 1 1 LABUAN Vissa VOY iTD Ell VDSa VOT fTD FTA SPOCf MUAJU SPOOE UN irtosm vosf/n 11/02 21/02 J.«osm vo»/w 11/02 22/02 VttGUXT VOSt/41 a/02 25/02 *mCU*T VO5l/9I 22/02 24/02 1«0»B VO4I/40 27/02 02/03 IFWSW VOtf/N 27/02 03/03 trnaon vo u/n
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    • 1080 31 |V»»»"- VP* SIN 1 BKK 1 PQU I PKQ I P«N I BLW I BUR I«A lIK IRAN QHEYAMAT PJL-1272 ~~Z 12/02 1 1 20/02 1 EIBE OLDENDORFF PJL-1277 18/02 23/02 E J!7. I iC LS9I ,TA If <ER/BREAK BULK SHIPMENTS TO INLAND POINTS IN IRAN ft CIS COUNTRIES I.E.
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    • 857 34 9 fVI r HI k mK.PII f{ I 11 lIKI I 11 J M 111 I ■ANQKOK/LAEM CHABAMO JAKARTA/PAN JA NO '4 VESSEL voy sin bkk lch vessel voy sin jkt pjn BATHA BHUM" 01N In Pt 20/02 DEJA BHUM 735S InPt 20/02 jg/Q2 MANTA BHUM 381N In Pt 21/02
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    • 341 35 INDONESIA NATIONAL LINE TO EUROPE I EXPREBB B£AW-COKTAftCRIBED SERVICE Ml I »0T I POWt «ouun DAM H lUHO IBEMEN MITWERP A fftKL I *7/3 1/4 OMIT 5/4 TO AUSTRALIA 1 WJIX COWtMWPI SPWICE wt gTWTgJ UK I I «TP 1 MB-1 MM I <m |f« noauoYDMSMK vjb|im: n«| |h«|mi|««| |ii«|
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    • 47 38 To retrieve more schedules, just follow these simple steps... document i\ )ittl *****00 be s MSelect the port *t jftnter your Step key in the four hone number code Key in your Example: —i—■ fax number To NEW YORK (NYC) 2275 for calls within Singapore UnitOd St3t&S
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  • Page 41 Miscellaneous
    • 137 41 ■■■EH3222I3CIHEIH3** Weiither V LEGEND: R Thunderstorm Temperature c X\ y Shower Weather Wind direction with speed m knots Rom Cloudy Sky Wove h *'9 h Surface winds ore mdicoted by arrows which Hy with the wind O One fui circle represents cotm or light ond variable winds 1 One hoM
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