The Business Times, 2 April 1998

Total Pages: 40
1 40 The Business Times
  • 12 1 THE BUSINESS TIMES MTTA(P) 110/12/97 85C SINGAPORE Internet http://www.asial.com.sg/biztimes THURSDAY, APRIL 2,1998
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  • 54 1 DSwa (-29.06) P"I«L4§ (-12.01) triWOOBP mmimM (-20.44) nsr-* STOCK HABKET INDICES Wedaeadcj Cknat KISEOOMP 760.06 -tt.47 MKKH 19MSM -28U1 HAHQSENO 11*1.41 __18?Jf SEtimex: mn IM JAKARTA COMP _JJU* -17.4? MANILA COMP _U*J7 TAIPH WP! UNLM -4&M 880UL00MP MU2 -1181 C16A CHINA B M.H -4.16 AUSTALLORD *7 lpa EST
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  • 68 1 «u» UBS SI UBI tug £(US3/8f pcr£) L«7I 179? DM 1J47 9JB7S YEN 13U 1114* HI U48 0.444 HKI 7.741 H0t BAHT S9J8 0.941 MIPIAH MM MIT •Ummrnm ran urn SINGAPORE* _7J| KUALA LUMPUR 1119 JAIABA 28.00 BANGKOK 14.71 MANILA BONO BONO rum iM SYDNEY 8.46 TODD im SEOUL
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  • 856 1  -  The worst did not happen, but a lot can still go wrong W Wong Wei Kong [SINGAPORE] Asian equity markets are not nearing the light at the end of the tunnel. Notwithstanding their remarkable strength in the first three months of the year,
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  • 726 1  -  Rnpiah falls below 9,000; stock market closes 3J2% lower From, S N Vasuki in Jakarta INDONESIAN financial markets retreated yesterday on diminishing expectations of an effective deal between Jakarta and the International Monetary Fund (IMF). The IMF's deputy managing director, Stanley Fischer, arrives
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  • 125 1 Bloomberg {JAKARTA] Indonesia won't create a new currency and peg it to the US dollar as suggested by Johns Hopkins academic Steve Hanke, Bank Indonesia governor Sjahril Sabirin was quoted by Bisnis Indonesia as saying. The only option open to Indonesia is
    Bloomberg  -  125 words
  • 415 1  -  Prices for King Albert Park units also down 20-25% By, Abdul Hadhi [SINGAPORE] Waterbank Properties is offering a twoyear rental guarantee for its freehold King Albert Park condominium in Bukit Timah possibly a first for a local development. The rental guarantee comes as
    415 words
  • 65 1 [SEOUL] Suh Sang-rok, the former vice-chairman of the collapsed Korean steel conglomerate Sammi group, believes in thing his best whether in the boardroom or the dining room. One of the many South Korean executives who have fallen on hard times, Mr Suh, aged 62, says he considers
    REUTERS  -  65 words
  • 623 1  -  Most board members at state electricity firm lose jobs From Bruce Cheesman in Bangkok IN a clear sign of Thailand's commitment to speeding up privatisation of state companies, the majority of the board of the Electricity Generating Authority of Thailand (Egat) have been given their
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  • Page 1 Advertisements
    • 121 1 msnxE The Singapore economy remained competitive last year, and continued to generate "adequate returns" fbr companies brae, says a study by the Department of Statistics, •I• > V .:A 1} Newly-listed Dragonland Ltd yesterday reported after-tax interim loss of (Lam, just months after its debut on the stock market, VgH
      121 words
    • 10 1 Liang Court holds on to Sarkies Rd project, Pg 4
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  • SINGAPORE AT HOME & ABROAD
    • 434 2  -  Profit share of GDP relatively stable last year despite regional turmoil By Audrey Tan THE Singapore economy remained competitive last year, and continued to generate "adequate returns" for companies here, says a study by the Department of Statistics. The study shows
      434 words
    • 565 2  -  By] Frances Lui DUTY Free Shoppers (DFS) has scaled down its Singapore operations, including laying off about 70 people, in a bid to survive the retail slump which has crushed the high-end luxury goods market here. Saw Phaik Hwa, regional president of DFS,
      ARTHUR LEE  -  565 words
    • 495 2  -  ASBM 11 SUMMIT Bigger summit making EU less keen on Asean dialogue By Yang Razali Kassim THERE are disturbing signs that Europe is downplaying its traditional annual dialogue with Asean now that a broader framework of ties has been achieved with the larger
      495 words
    • 425 2  -  By < Carol Eng "LITTLE drops make an ocean," says Peter Lim, one of this year's 14 winners of the National Productivity Award in the individual category. The 47-year-old superintendent's suggestions hardly more than a dozen on productivity improvement have resulted
      425 words
    • 178 2 US-BASED Adaptec Incorporated, which is cutting its workforce, said yesterday there will be no layoffs at its Singapore factory. Responding to BT's queries, KY Lim, vice-presi-dent for Adaptec Manufacturing Singapore, said: "At this time, Adaptec Manufacturing Singapore is not affected (by the layoffs)." Adaptec's
      178 words
    • 313 2  -  EYE OX THE ECONOMY Finance By] Frances Lui BUSINESS was virtually flat for the pawn shop Industry last year, with total loans handled growing barely one per cent to 52.15 billion. The moneylenders gave out loans of $1.13 billion last year, 3.3 per cent higher than
      Source: of Pawnbrokers  -  313 words
    • 471 2  -  Traffic volume on ECP down 17% on first day of EBP By i Christopher Tan EXTRA COEs will be released only if the electronic road pricing scheme manages to take 10-20 per cent of vehicles off the road. Communications Minister
      471 words
    • 398 2  -  By] Ronnie Lim ELECTRICITY demand here has not fallen drastically since the regional crisis, the Public Utilities Board's chief executive Ong Ho Sim said yesterday when he announced the launch of the mechanism for a free market for electricity here. "Demand has dipped
      398 words
    • NEWS Roundup
      • 62 2 MOBILEONE (Ml) will launch its 177 million Code Division Multiple Access (CDMA) network in June and expects to invest another |66 million by the end of the year to expand the network's capacity. Chief executive officer Neil Montefiore said Ml expects to sign on
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      • 44 2 A 1998 Singapore-Russia agreement that has benefited over 100 Singapore companiee exporting to Rusaia was renewed yesterday. Hie Memorandum of Understanding will give easy passags to Russia for products tested for saftty by the Singapore Productivity and Standards Board (PSB)..
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      • 47 2 THE cut in the skilled foreign worxer levy irom szuu to $100 per month, announced last November, took effect from yesterday. The reduction, which comes under the skilled levy scheme, will be extended to all other sectors, including manufacturing and aervicee.
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  • Page 2 Advertisements

  • Page 3 Advertisements
    • 72 3 i Tomorrow another great investment in Singapore will be made. No matter what practical advancements we make, they are of little use without skilled, capable people. That's why, from tomorrow we'll be training a local and regional group to be the telecommunications leaders of Asia at our Asia Pacific Training
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  • FOCUS: PROPERTY
    • 483 4  -  The Balmoral area, with 500 units coming up and 700 already launched, has seen poor take-up rates By. Ang Wan May [SINGAPORE] Liang Court Holdings has decided to hold its 32unit Sarkies Road project as an investment property rather than sell it, given
      483 words
    • 459 4  -  But consultants say slide for rest of year will be more controlled By Diana Oon [SINGAPORE] Property values fell by an estimated 8 per cent in the first three months of this year, but a more controlled slide is expected for the rest of
      459 words
    • 520 4  -  urrrims to the editor Christopher M.G. Brown Chairman Jones Lang Wootton I WRITE in connection with your article of March 30 concerning Ardmore Park and the response from David Lawrence of Marco Polo Developments. As the lead agents on Ardmore Park and as major players
      520 words
    • 86 4 We'd like to point out that property market participants have never respected the distinction in economics between a marginal price and an average price. They almost always take the last transacted price as the benchmark or going price until the next transacted price comes along. We've had
      86 words
    • 339 4  -  D J Lawrence Managing Director Marco Polo Developments I THINK we have, in good humour, "agreed to disagree" over your method of statistical analysis whereby, by your own admission, you take a sample of 50 units (I am sure coincidentally these are about the 50
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    • 975 4 Property transactions for ctstricts 09 and 10 (sectors 22 to 23 and 24 to 27) lodged between Jan 12 and Mar28,1996 mOJKTNMC/ PflOP CONTRACT TENURE BULT-W ffKE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (STOOO) (St) District 09 Aspen Ht Apt 26-12-1997 999 1324 1200 906 Aspen
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  • Page 4 Advertisements
    • 198 4 INDUSTRIAL PROPERTY FOR SALE I CENTRAL I LOCATION Built-in 360,000 sq ft •Land area 230,0005q ft •Tenure Balance 33 years No ground rent payable 3 mins walk to MRT Within established housing estate Main road frontage Suitable for light/high-tech industries Sale lease back or vacant possession For more details, please
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    • 9 4 tßu&iness/ Seroice&J^HKlucts^ HBVM The Straits Times Classified Classifications 201-266
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  • SOUTH-EAST ASIA
    • 513 5 KUALA LUMPUR Lim Guan Eng loses first round appeal; court sets aside fine but imposes jail term Reuters A MALAYSIAN court yesterday sentenced an opposition leader to 18 months in jail in a sedition case that has attracted international attention. Judge Gopal Sri Ram
      Reuters; FILE PHOTO  -  513 words
    • 333 5 HANOI Only 25 exhibitors in show versos 100 four years ago AFP VIETNAM'S Oil and Gas Expo opened yesterday to a near empty exhibition hall in a sobering reflection on what was once one of Vietnam's most promising industries. "There are no
      AFP  -  333 words
    • 183 5 PHNOM PENH AFP CAMBODIAN police yesterday broke up two demonstrations that threatened violence between supporters and opponents of deposed co-pre-mier Prince Norodom Ranariddh. Twice tension mounted outside the Phnom Penh hotel where the prince has been staying since his return on Monday. Armed
      AFP  -  183 words
    • 271 5 KUALA LUMPUR AFP MALAYSIA yesterday stood firm insisting all illegal immigrants will be deported, including those from the troubled Indonesian province of Aceh who claim their lives may be in danger if they return home. Abdul Rahim Noor, in-spector-general of police, said all foreigners
      AFP  -  271 words
  • Page 5 Advertisements
    • 133 5 "r-* Lefs talk. Surviving today's global marketplace means having a truly global communications network. And there are a lot of people out there offering it to you. Or, rather, there are a lot of people claiming to offer it to you. What they might provide is a single contact, but
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  • MARKETS IN TURMOIL
    • 348 6  -  From Leon Hadar in Washington THE World Bank was due to have hosted a coordination meeting on Indonesia yesterday to discuss the major social impact of the current economic difficulties in the country, and to exchange views on possible responses,
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    • 657 6  -  Leading finance firm declares bankruptcy while Nikkei, yen take another dive From. Anthony Rowley in Tokyo NOT with a bang, but rather a series of crashes was how Japanese markets entered their first official day of the nation's Big Bang
      AFP  -  657 words
    • 284 6  -  Act provides for rehabilitation, quick processing of cases By\ Siow Li Sen [SINGAPORE] Thailand's new Bankruptcy Act, eagerly awaited by creditors, is expected to come into effect any day now, said a Thai legal adviser. "It could be today or tomorrow. When I checked
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    • 518 6  -  Haggling overvalue, exposures may delay plans, say From] Ruth Wong m Kuala Lumpur ALTHOUGH the consolidation of Malaysia's crowded finance sector has taken a big step forward, analysts say some problems lie ahead. "We are not advising our clients to get warm and
      518 words
    • 477 6  -  Over-inflated wages, over-rigid US$ link among reasons cited From Anthony Rowley in Tokyo A potentially controversial report which challenges orthodox views on the causes of the Asian currency crisis has "been drawn up by the Japan External Trade Organisation (Jetro), for
      477 words
    • 266 6 Bloomberg [BANGKOK] The Export-Im-port Bank of Thailand yesterday signed a US$l billion (511.6 billion) five-year loan that is co-financed and guaranteed by the Asian Development Bank. This is the largest private credit since Thailand devalued its currency on July 2. The loan is
      Bloomberg  -  266 words
  • Page 6 Advertisements
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    • 9 6 nualiMw wMukw seen at lowest since '94, Pg 9
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  • Page 7 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 708 8  -  CHINA WATCH MXTCs are weighing In with billion -dollar prqfects In China By Lu Ning JUST as the Asian financial crisis is expected to bite into foreign capital flows into China, there has been a string of high-profile investments by some of the most powerful multinational
      708 words
    • 326 8 WASHINGTON Reuters THE United States is largely satisfied with how China has acted towards Hongkong in the first nine months that the former British colony has been under Beijing's control, US officials said on Tuesday. Although there are some cases concerning the
      Reuters  -  326 words
    • 462 8  -  PriceCostco, like Bayer, being blocked by local officials From Laurence Eyton in Taipei THE US-based PriceCostco hypermart group is considering suspending a NT$lO billion (***** million) investment plan in Taiwan now that a local political squabble has delayed the building of its second
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    • 222 8 HONGKONG AFP HONGKONG officials were putting the final touches yesterday to preparations for the start of the territory's first poet-colonial elections. Constitutional Affairs Secretary Michael Suen toured the central counting station, where a 1,400-strong team will compile the results of today's poll. In the first
      AFP  -  222 words
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  • ASIA
    • 374 9 TOKYO Resignations of governor, deputy over bribery scandal appear good enough Bloomberg THE Bank of Japan left its upper management intact for the new financial year, signalling its position that the resignations of the governor and his deputy last month were enough
      Bloomberg  -  374 words
    • 375 9 TOKYO Quarterly tankan survey is to be released today AFP JAPAN'S key tankan survey of business confidence is likely to be the worst for nearly four years, analysts said yesterday, on the eve of its release and as the economy slipped
      AFP  -  375 words
    • 314 9 CANBERRA Senate mom mean Howard can dissolve both houses any time Reuters AUSTRALIA'S parliament yesterday handed the conservative government another trigger for an early election expected later this year. The upper house Senate rejected for a second time a government bill
      Reuters  -  314 words
    • 268 9 SEOUL Reuters SOUTH Korean President Kim Dae Jung planned to announce "dramatic measures" to boost the ailing economy after he returns from the Asia-Europe Meeting (Asem) in London, Seoul media said yesterday. "Unemployment and an economic slump are the biggest issues
      Reuters  -  268 words
    • 68 9 Kings of the walk one last time [NAGASAKI] King penguins walk past visitors at an aquarium in Nagasaki, south-western Japan. The penguins made their farewell parade on Tuesday, theaaquarius last operating day. The aquarium is being forced to shut down after 39 years because of a shortage of funds. The
      REUTERS  -  68 words
    • 213 9 USYDNEY AFP GIANT US computer chip maker Intel Corp is reportedly considering investing up to As 6 billion (556.4 billion) in Australia in a massive manufacturing facility. The Australian Financial Review said the state of Victoria was on Intel's short list for a
      AFP  -  213 words
    • 237 9 BOMBAY AFP AN INDIAN industry and trade association yesterday welcomed New Delhi's decision to cut petroleum product prices as part of measures to reduce price controls. Industrialist Ram Gandhi, president of the Indian Merchants Chamber, said: "We welcome the move. It should have come
      AFP  -  237 words
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  • THE WORLD
    • 676 10  -  Question facing Fed, economists is how severe the Asian crisis impact will be From, Andrew Marks in New York THE Federal Reserve's poli-cy-making committee on interest rates faced with a strong economy, slowing inflation, and continued uncertainty of the impact
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    • 435 10 WASHINGTON NAPM index climbs to 54$ leading indicators up by more than expected Bloomberg A CLOSELY watched gauge of US manufacturing advanced in March, reflecting strength in both production and new orders while prices were tame. The National Association
      Bloomberg  -  435 words
    • 490 10 WASHINGTON Study says efforts to correct bug will slow productivity, growth Bloomberg US taxpayers will pay more than US$4.7 billion (517.6 billion) as the federal government tries to correct the Year 2000 computer bug, said Franklin Raines, director of the White
      Bloomberg  -  490 words
    • 68 10 [LONDON] A general view of Britain's controversial Millennium Dome at Greenwich, in south-east London, as work began on Tuesday to suspend the 100,000sq m Teflon-coated canopy from twelve 100m-high steel masts. The dome, which willform the centrepiece of Britain's celebration of the millennium, remains steeped in political controversy
      AFP  -  68 words
    • 312 10 LONDON AFP BRITISH exporters and manufacturers continued yesterday to pressure the Bank of England for a cut in Interest rates that they say have pushed sterling to cripplingly high levels. Confederation of British Industry director-general Adair Turner told a CBI meeting late
      AFP  -  312 words
    • 310 10 MOSCOW Reuters THE International Monetary Fund is concerned Russia may lose time reforming the economy as a result of political uncertainty following the government's dismissal, the IMF's Moscow representative said yesterday. But Martin Gilman said in an interview that Russia could find
      Reuters  -  310 words
    • 318 10 JERUSALEM AFP ISRAEL'S "security cabinet" approved yesterday a 20-year-old UN resolution calling on the Jewish state to withdraw its troops from Lebanon. The inner cabinet gave unanimous approval to a proposal by Defence Minister Yitzhak Mordechai to implement UN Resolution 425 on condition that
      AFP  -  318 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
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  • EDITORIAL & OPINION
    • 718 12  -  THE BOTTOMLXMB OPINION By Ronnie Lim The writer is BT's trade and industry editor IN sharp contrast to Yangon's ever-resplen-dent Shwe Dagon Pagoda, Myanmar seems to be losing its glitter, as foreign investors shy away. The country is dancing to a different
      718 words
    • 125 12 4 I can't imagine anyone spurning me, can you? But if they did, I'd cut more than theirtieinhalf.' -j«m Coffin. assertive British author and actress. This is just a spat, a quarrel between doctor and patient And we have a very unpleasant doctor here.' Sarwoao KmHimaatnuutya former
      125 words
    • 614 12 EDITORIAL Malaysia's decision to deport all illegal immigrants would have been difficult to implement even in the best of circumstances. Given the way the situation has worsened over the years, the exercise is likely to be protracted and perhaps, in the end, impossible. Indeed, Malaysia's illegal immigrant
      614 words
    • 825 12  -  Both benefit more from closer ties than by turning away from each other By Yang Razali Kassim The writer, BT's regional analysis editor, is in London to cover the Asia-Europe Meeting WHEN the first Asia-Europe summit was held two years ago
      FILE PHOTO  -  825 words
    • 815 12 OommittM most avoid haste THAILAND'S National Forestry Policy Committee is to consider a proposal from Agriculture Minister Pongpol Adireksarn to scrap three Cabinet resolutions adopted by the Chavalit Yongchaiyudh administration last April. Of particular interest is the April 22 resolution reached at Wang Nam Khiew district
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  • Page 12 Miscellaneous
    • 35 12 DOOHESBURY By Garry Trudeau —1 WH&J YOU FIR&TH£ARP THAT 50L£T$90RT0UTOUR. [m 1 TW PRZ&P&STM&HT HAVE 11 T^M 11 I I /yj//tT/y) b MAY- /™7? JAJfll ft? MO(J££-, 40H/XT4AAA& e V. I I4f~ 1 RRST THOUGHT*
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  • EXECUTIVE LIFESTYLE
    • 1272 14  -  Rev up and be counted, says Christopher tak, as he takes a look at some of the newest machines set to come in over the next few months CHRISTOPHER TAN HOW that it has been officially decided that motorcycles occupy half the space of
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    • BUMPER to BUMPER
      • 154 14 INTRA-MOTORS has introduced a finance package for its Rover 600 that "waives" Instalment payments for the first year—hot on the heels of a "zero-interest" package Performance Motors Just started for the BMW 3161 (incidentally, the remaining 300-plus units have been sold). The deal offers
        154 words
      • 51 14 TOYOTA agent Borneo Motors gave out some 1,200 Cash Cards yesterday, the first day of Electronic Road Pricing on the East Coast Parkway. The company had actually set aside 2,000 pieces of the card, each with a stored value of $7, to be given
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      • 78 14  -  by Christopher Tan BMW AG last year chalked up revenue of over 60 billion marks (S$S2.4 billion), up 15 per cent Net earnings catapulted by 52 per cent to more than 1.2 billion marks. This was despite continuing losses in subsidiary Rover Group, and heftier labour
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  • COMPANIES & MARKETS
    • 732 15  -  IT professionals more receptive, and plans likely to win strong govt backing By' Ven Sreenivasan, Toh Han Shih [SINGAPORE! Stockbrokers are up in arms over a reported plan by the Stock Exchange of Singapore to introduce Internet share trading. "SES is trying
      732 words
    • 155 15 [SINGAPORE] Broking firms Kay Hian Pte Ltd and Kim Eng Securities will subscribe or procure subscriptions on a bought deal basis for respectively 2.3 million and two million new shares of five cents each in food and entertainment group ABR.
      155 words
    • 725 15  -  HOCK LOCK SIEW Quak Hiang Whai THE Hongkong bourse is widely seen as Asia's most liquid market. It is also the market with the shortest memory, with huge foreign funds supposedly coming and going and dictating the mood and market
      725 words
    • 442 15  -  It's still sticking by its $&37m earnings forecast for full year Teh Hooi Ling NEWLY-LISTED Dragonland Ltd has announced interim losses just over a month after its debut on the stock market. But the developer, which specialises in township developments in China, is sticking
      442 words
    • 307 15  -  By, Jenny Lam [SINGAPORE] Former Scotts Holdings chief Rafiq Jumabhoy has resigned as a director of the company. In a separate announcement, the company explained why it no longer expects to meet its original forecast of improved results for the current year.
      307 words
    • 225 15  -  By i Conrad Raj [SINGAPORE] The shares of Neptune Orient Lines lost over 8 per cent of their value yesterday, after Tuesday's disclosure of the massive cost of restructuring the company following its takeover of APL Ltd, a US logistics and
      225 words
    • REGIONAL COMPANIES
      • 422 16  -  He may rework earlier plan to inject Assets into Ekran for RM9OOm: sources From. Eddie Toh in Kuala Lumpur SARAWAK tycoon Ting Pek Khiing is looking for fresh ideas to raise capital to finance a poorly received rights issue even as his
        422 words
      • 224 16 AFP [TOKYO] Nissan Motor Co Ltd said yesterday it had suffered book losses of 50.5 billion yen (Ss6l2 million) on its securities holdings at the March ending of the latest financial year. "The company incurred most of the appraisal losses on bank and other
        AFP  -  224 words
      • 414 16  -  By- Annette Pau (SINGAPORE) IPC Corps shares yesterday closed 8 per cent down, or 1.5 cents at 17 cents, after hitting as low as 15.5 cents during the day. The mainboard-listed stock was the third most actively traded counter
        414 words
      • 122 16 Bernama [KUALA LUMPUR] Innovest Bhd recorded a lower group pretax operating profit of 49.4 million Malaysian ringgit (5521.9 million) for the year ended Dec 31, down 48 per cent from the RM94.4 million achieved in 1996. Announcing its unaudited results yesterday, it said group
        Bernama  -  122 words
      • 300 16  -  Sesdaq-boandfirm has 10% of domestic ■arhrt hmd By] David Boey [SINGAPORE] Tai Sin Electric Cables Manufacturer will plug into the Stock Exchange of Singapore's second board within the next few weeks and will leverage on the "survival rate" of companies in its
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      • 255 16 [SINGAPORE] Investors who successfully applied for up to 49,000 shares in plastics injection moulder Li Xin Industries' initial public offer will together receive the lion's share, or 63.2 per cent, of its public tranche. Applications for 1,000 to 49,000 shares have
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      • 642 16  -  Disgruntled investors can also obtain damages from offenders By\ Meera Tharmaratnam in Kuala Lumpur MALAYSIA has given significant new powers to its regulators to act against a broader base of people involved in insider trading cases. Amendments to Malaysia's securities
        642 words
      • COMPANY Briefs
        • 60 16 [SINGAPORE] Malaysian-listed Hospital Pantai has upped its stake in Sesdaq-listed Asiamatrix from 20.34 per cent to 20.44 per cent. Asiamatrix said yesterday Hospital Pantai had through Pantai Healthcare (Cayman) bought another 30,000 shares at nearly $2.50 per share. Hospital Pantai has been accumulating the shares
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        • 80 16 [SINGAPORE] Hong Leong Asia Ltd has won an HDB contract to supply pre-fabricated building components to three residential areas. The contracts are worth a total of $16.9 million. Hong Leong will supply 42,0005q mof wall facade elements, 224,000 sq m of floor panels and
          80 words
        • 103 16 [SINGAPORE] Tampines Mall has officially opened Garden Walk at its Basement One. The four-month renovation project was undertaken to introduce the Garden theme to the Midi and the result is an improved atmosphere, allowing shoppers to browse in a more relaxed setting. Enhanced features
          103 words
        • 64 16 [SINGAPORE] Rice-cracker maker Want Want Holdings has proposed a bonus issue of one new share for every five shares hekL The bonus shares will increase the company's issued capital by 96.11 million shares or U5519.62 million (5531.7 million). The bonus shares will not be
          64 words
        • 50 16 Reuters [SINGAPORE] Singapore's Jack Chia-MPH Ltd intends to expand its publishing capabilities to educational books. It said subsidiary MPH Education (S) Pte Ltd will publish these books following the decision by Singapore's Ministry of Education to open the school textbook market to commercial publishers. Reuters
          Reuters  -  50 words
        • 67 16 [SINGAPORE] Nat Steel Electronics sakl wholly-owned Nat Steel Electronics Hungary Manufacturing, incorporated in Hungary, is buying a property comprising land and buildings with an area of about 66,000 sq min the country. The price 0f440 million Hungarian forints (inclusive of VAT) —about 553.4 million—will
          67 words
        • 79 16 Appointments resignations [SINGAPORE] Keppel Land has appointed Khor Poh Hwa director. Mr Khor, 48, who has been appointed CEO-designate to spearhead the corporatisation of the commercial functions of the Public Works Department (PWD), is currently director, specialist services division of PWD and chief information officer. Ho Wah Genting International said
          79 words
      • 151 16 AFX-Asia [HONGKONG] Cosco International Holdings Ltd said its wholly-owned Shun Shing Construction and Engineering Co Ltd has been awarded an HK$BlB million (*****.6 million) construction contract by the Hongkong Housing Authority. It said in a statement yesterday that Shun Shing will undertake the
        AFX-Asia  -  151 words
    • INTERNATIONAL COMPANIES
      • 345 17 US giant upbeat, about China reforms opening upmarket opportunities Reuters [TAIPEI] US beverage giant Coca-Cola Co's chairman Doug Ivester said yesterday that Asia's financial turmoil would not deter its investment plans for the region, and that China's economic reforms could open market
        Reuters  -  345 words
      • 208 17 AFX-Asia [ADELAIDE] Mitsubishi Motors Australia Ltd said it posted a 1997 net profit of Aslo6 million (Ssll3 million) after a loss of As6o million a year earlier. Managing director Mike Quinn said the 1997 results reflected an improved sales performance in both the
        AFX-Asia  -  208 words
      • 339 17 Group signs 3-year export deal with Iran state firm AFP [SEOUL] South Korea's ailing Kia Group is negotiating with Scania AB of Sweden and Bectel of the US to spin off its truck and commercial vehicle arm, Asia Motors Co,
        AFP; FILE PHOTO  -  339 words
      • 270 17 Reuters [NEW YORK] International Business Machines Corp and Sun Microsystems Ine were to announce later yesterday that they will jointly develop a computer operating system based on Sun's Java programming environment. Executives for Sun and IBM expected to roll out the system in mid-1998.
        Reuters  -  270 words
      • 193 17 Reuters [MOUNTAIN VIEW, California] Netscape Communications on Tuesday released the programming codes of its Navigator and Communicator browsers on the Internet to try to stop its market share slide to Microsoft. It was the first time a major software company has
        Reuters  -  193 words
      • 156 17 Bloomberg [MIAMI] Brooke Group Ltd said its fourth-quarter loss widened, as its Liggett cigarette unit continued to lose sales. Brooke Group, which makes Chesterfield and Lark brands, said its loss widened to U5526.6 million (Ss43 million), or US$l.47 a diluted share, from US$2O.3
        Bloomberg  -  156 words
      • 355 17 Bloomberg [SYDNEY] Coca-Cola Amatil Ltd, the largest Coke bottling company outside the US, said sales in the first quarter in the Philippines increased by a third while Indonesian sales held steady. "Early indications for Co-ca-Cola Amatil's 1998 performance are good and you will be encouraged
        Bloomberg; REUTERS  -  355 words
      • 312 17 Bloomberg [TULSA, Oklahoma] Closelyheld Syntroleum Corp will merge with its largest shareholder, SLH Corp, to become a public company, giving it US$5O million (5580.7 million) to invest in plants using its much touted, yet unproven technology for turning natural gas into diesel fuel
        Bloomberg  -  312 words
      • 263 17 Bloomberg [TOKYO] Japanese real estate loan and sales company Daiichi Corp will liquidate, ending its efforts to restructure under mounting bad debts, managing director Tsuneo Matsuda said. The company said it will meet the press at 3.30 pm Japan time yesterday at the
        Bloomberg  -  263 words
    • FINANCE & COMMODITIES
      • 389 18 Bank also rethinking pledge to take np unsubscribed shares in finance unit's Dec rights issne Bloomberg [BANGKOK] Bangkok Bank, Thailand's largest bank, is selling yet another subsidiary Union Asia Finance. Union Asia and the bank are "negotiating with some potential partners", Union
        Bloomberg  -  389 words
      • 298 18 Bloomberg [HONGKONG] Bankers Trust is cutting back its Asian loan syndication business to devote more resources to other services, such as mergers and acquisitions, a bank spokeswoman said. Michael Tse, a Hongkongbased managing director and head of loan syndication in Asia, left the firm amid
        Bloomberg  -  298 words
      • 183 18 [SINGAPORE] Total trading volume on the Singapore International Monetary Exchange (Simex) rose 24 per cent during the first quarter of this year. Simex also reported strong first-quarter turnover growth for individual products during the quarter. Trading volume for all products from January to
        183 words
      • 53 18 [BRUSSELS] Irish farmers demonstrating outside the building where European Union agriculture ministers met in Brussels on Tuesday. The farmers were protesting against the reforms to EU agriculture polity, called Agenda 2000, which callsfor cuts in cereal, beef and dairy intervention prices of up to 30
        REUTERS  -  53 words
      • 394 18 Still strong demand for high-yield investments Reuters [NEW YORK] The US junk bond market is expecting about 20 new issues totalling more than US$4 billion (556.5 billion) to price this week as the appetite for high-yield investments remains strong, sources said.
        Reuters  -  394 words
      • 295 18 [SINGAPORE] OUB Manulife and Axa Life Insurance will cut bonus rates for their life insurance policies this year. Plans for their imminent cuts revealed to BT yesterday come in the wake of a warning on Tuesday by the Life Insurance
        295 words
      • 190 18 SXHELReport Reuters [SINGAPORE] Siraex Euroyen and Japanese government bond (JGB) futures were lifted yesterday by more signs of weakness in the Japanese economy. Daiichi Corp, a Japanese non-bank lending institution, said yesterday it was preparing for dissolution under guided special liquidation procedures. Dealers said comments by
        Reuters  -  190 words
      • 163 18  -  l&Cl TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore Pte Ltd. [SINGAPORE] The Simex MSCI Taiwan stock Index futures contract tumbled 2.10 points amid concern that first-quarter earnings of technology and computer companies may not live up to expectations. The cash index
        163 words
      • 288 18 ENERGY REPORT Reuters [LONDON] Oil markets were steady yesterday as traders took another look at an Opec deal to cut production after disbelievers triggered two days of harsh price falls. Traders marked values more than a dollar lower on Monday and Tuesday,
        Reuters  -  288 words
      • 274 18 Reuters THE dollar set two-and-a-half month highs against the yen, seven-month highs against the mark and near-eight-month highs against the Swiss franc yesterday, and its prospects look bright, analysts said. The dollar dropped from overnight highs of 133.85 yen after verbal intervention from Ministry of Finance official Eisuke
        Reuters  -  274 words
      • Article, Illustration
        771 18 nTTHKBACTOOSSKATBS Aprl T3! s.i,g.3;att.s .t mhjijuj fyj ar arm wis a ss".s«v: aassissSalWS Itt 1425 lSH 0.930 4.645 IM 8344 4258 9L60I 1435 M.97Z 3.920 1M 47.735 40J71 1741 1431 U37BJM 4L«7 0644 SB as, BSS»ffi»™Sa£ga8g«tsL£J8«SSStlffii§8 hm|Im« am 0J83 lOTi oieo am 02» um now an itm 047i azb 5J2t
        771 words
    • 1395 19 BWM FUTU1B8 Apri issfcwmcmcNtiAtf am MM OPM MmMi Mfb Lot Satt (Imbm) Interest Itoy It 1T7J0 117.25 117.00 «00 ISO JMlft ***** 100 300 Mn 126.75 IMS tmn bits mm SM96 ***** MM Oct/Oac 96 133.00 4990 Jw/Mw 99 137.75 87.75 07.75 75 975 Apr/JM99 ML25 RSSSCQKTIACTaiScHtiAD MM
      1,395 words
    • 1919 19 *Fj htoMBfa Hua *h 31 Group 594.400 -3.000 AB Ports 378.000 unch Abbey National H91.610 25.no AIMOonwcq 601.000 14.600 Amoc 160.000 *1000 Aada Group 202.000 unch •AT M 601.000 -4.000 K Pit 312.400 3.400 WCC 150.000 2.000 BOC Group 936.000 -30.400 BRPotroleum 865.000 2.600 STR 203-200 2^00
      1,919 words
    • 1581 19 Reuters, AFP Qnua -am STOCKS ended weaker yesterday, erasing gains earned on the previous day as a result of what appeared to be government help and reflecting the weakness of the Japanese economy, brokers said. The Nikkei Average fell 1.73 per cent or 285.51 points to 16,241.66 on the
      Reuters,; AFP  -  1,581 words
    • Article, Illustration
      1499 20 Bloomberg P Hang Seng -187.21 STOCKS fell, driving the benchmark index to its lowest in two weeks, led by HSBC Holdings pic and Hutchison Whampoa Ltd as borrowing costs rose. The benchmark threemonth interbank borrowing rate rose 30 basis points to 6.817 per cent, its highest in two weeks,
      Bloomberg  -  1,499 words
    • Article, Illustration
      557 20 Reuters Source: Credit Lyonnsis Sec Asia CI Stenbcn Blatox -OH CHINA'S hard currency B shares closed lower yesterday due to disappointment over B share corporate profits, analysts said. Even the relatively solid profits of Shanghai market leader Zhejiang Southeast Power failed to overcome the general disappointment with earnings for
      Reuters; Source: Credit Lyonnsis Sec Asia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  557 words
    • 340 20 AFP nwphte -*m THE Taiwan stock market slipped 0.5 per cent as investors lost confidence amid thin turnover, dealers said. "Investors stepped aside as they had lost confidence due to lower turnover this week," said Clement Lou of Taiwan International Securities Corp. The Weighted Price Index dropped 49.66 points
      AFP  -  340 words
    • Article, Illustration
      629 20 AFP Qfi— -17.47 INDONESIAN stocks fell sharply yesterday on the first day of a troubled new financial year, with heavy profittaking and apprehension over negotiations with the IMF contributing to the falls. "People are still waiting for results (from the International Monetary Fund)," a dealer at a local brokerage
      AFP  -  629 words
    • Article, Illustration
      797 20 AFP P SET Met -154 THAI share prices slumped 0.5 per cent yesterday in slow trade as investors continued to digest new banking regulations and poor economic performance figures announced by the central bank. Analysts also blamed the drop in Thai share prices on similar declines in regional markets
      AFP  -  797 words
    • 273 20 AFP QlbmU -2L06 PHILIPPINE share prices closed 1.3 per cent lower yesterday due to profit-taking, pushed by a weaker peso and the approach of the Easter holidays. The Composite Index shed 29.05 points to close at 2,209.37 points. Turnover fell to 630 million shares worth 1.17 billion pesos. —AFP
      AFP  -  273 words
    • 404 20 AFP DOnpoßtiMß -1182 SHARE prices slid 2.7 per cent in light trade on the Korea Stock Exchange yesterday amid a lack of follow-through buying with customer deposits sharply diminishing, dealers said. "There were no negative leads to affect the market but subsiding buying demand unnerved investors about holding stocks,"
      AFP  -  404 words
    • 577 20 AFP flAlloriii>rie» +8.7 AUSTRALIAN share prices rose 0.3 per cent yesterday in mixed trade stunted by continued disinterest from offshore investors. The All Ordinaries Index rose 8.7 points to 2,752.9. The All Industrials Index climbed 17.1 points to 4,719.1, while the All Resources Index edged up 1.6 points to
      AFP  -  577 words
    • 241 20 AFP □Wellington +44.45 NEW ZEALAND'S share market rose 1.9 per cent yesterday largely on the rise of Telecom Corp, dealers said. The NZSE-40 Index was up 44.45 points to 2,332.72 on turnover of NZ$B4.3 million. Telecom expanded 25 cents to NZ$B.B7, having glimpsed NZ$B.95 mid-ses-sion.—AFP »i n* V- rtm
      AFP  -  241 words
    • KUALA LUMPUR STOCK MARKET
      • 8470 21 ClMMMf pflAKtt »98 Last vol Day Nat Cap leer Ci—mi «ala -goo HHP La» pfi %mB 310 WO A|inomoto 270 14 9 109 4 148 73 Anqkase 110 a 38 115 110 23 162.2 290 123 ApoMo FooO Hlq 205 -7 6 210 203 6 0 82 0 388 190
        8,470 words
      • 375 21 AFP jyj Composite Index -19.47 MALAYSIA'S key stock index ended 2.7 per cent lower yesterday on fears of more corporate failures after the receivership of construction firm Wembley Industries Bhd, dealers said. Renewed concerns over banks' eroding profits due to higher provisions and a stricter
        AFP  -  375 words
    • WARRANTS & OPTIONS
      • 3347 22 ■ONBS, LOANS t WAMANTS I 1 L«»t Vol Day Laat Ouott *,g 5* 1 Camp any Sal* ♦<*-- COOO) Ln Buyer SMtor Prlca 23.5 9 m 3000 m AMOB C5.5H*****6 >8 I i« 20 20.5 8 3160 "Acar ******1 USS IS 14 IS 9S 8J 3164 Acma ******4 26 -2
        3,347 words
      • 174 22  -  WARRANT WATCH -By] R Sivanithy A BANK'S warrants are hardly what one would call a risky proposition, but it'd be apt to say that of Tat Lee Bank's 1998 instrument. It only has about five months left before expiry. The warrant is otherwise an
        174 words
    • 1955 22 Transaction date Apr 1 IW> if* Y* o«* Laatouat* m* nv Nat m Cm L— Mm Cawpawy U* COOO) HM> L— Buyar Mir CV Ptt %m* 135 28 ms 5000 AIS850C 92 -4 502 96 903 92 92.5 5.0 33 12 36.5 943 6S3 12.5 m ***** AM0850C
      1,955 words
    • 5931 23 Transaction date Apr 1 0* Cr m wt .*98 Leet V«l Day UMOwta Oiv IN* VM Nat Cap Avg HlgB Law StNe Cimpany Sato COOP) HI# Law Buyer Mhf C'ar P/I Wee 43 18.5 1020 ACE Dynamic »60c... 35.5 -1 27 37 35 35
      5,931 words
    • 1019 23 Of Or M Wt l3d« Vdl Of kMOHM M* M* YM Nat Cd» A«* u» mm cim$mi fail rooot >■» l— —m «o cw p/t m 134 96 2000 AM HMQt V (W wsp 3.0 6.0 0.1 OS.7 51.6 ns 243 7* *2049 AS Auto 10c 200 unc* 243
      1,019 words
  • Page 15 Advertisements
    • 33 15 Kf Jbfc^JjjjBIn 'i.^* I A jflf :^bJ c w jHpP' <•*»«> >ii '^^|k. 1 1 'rn „y a MB pn^|^XSl|6|^^^ x V '^vfpS; ■KjpgjSFT* A r-;\& •••I*,-' P Kg NGEE ANN CITY #01-03/04, *jjy
      33 words

  • Page 16 Advertisements
    • 256 16 MgA The Certified Diploma ffijllS In Accounting And Finance (CDAF) I f (Awarded by the Association of Chartered IDSUIUie 01 Certified Accountants, U.K.) Certified a development programme pjjjjjj. FOR EXECUTIVES/MANAGERS ft I i The CDAF is a post-graduate qualification offered by the Association Accountants 0/ Chartered Certified Accountants (United Kingdom).
      256 words

  • Page 17 Advertisements
    • 307 17 Information Security Trends, Issues Practices 14 April 10.00 am 530pm Room In the 1* Global Ernst Young Information Security Survey involving respondents from 29 countries including Singapore, results showed that three out of four respondents would expand their companies' use of the Internet for business transactions if the security of
      307 words




  • Page 21 Advertisements
    • 110 21 v i J* WW jeoM ■HMHUffli If Corporate celebrations are opportunities to |7 if jj i have a total communication approach in enhancJCjry J/)■ aMfe >'.ajftML ing your company profile to your business ff /f[ associates and customers. It may be a grand opening, launching ceremony, company anni- versary, ISO
      110 words


  • Page 23 Advertisements
    • 64 23 ZZ? buy w f,nance Hotline: 320 0168 JsT Cash DeDosits fsr g g Hamii Investment Carg -AngMoKio Tel 458 4222/4333 Hi B PI rn 881 -Beach Road Tel 292 1469/1610 H Bedok Tel 445 8011/8255 flB ■HVA Bukit Timah Tel 467 1916/1918 V IH East Coast Tel 348 8262/8263 Serangoon
      64 words

  • STOCK EXCHANGE OF SINGAPORE
    • 211 24 «*>» mmm Easyfcnit HKIOc f8.490.000 'Renong Bhd 50c 12,537,000 IPC Corpn 5c 10,160,000 •RekapadficBN 9,303,000 StogTeH5c 7,981,000 Resources 7,663,000 •WfCapttJl 6,928,000 Wing Tai 25c 6,380,000 Roiy MUSIOc 6,270,000 *8erjaya Group 6,198,000 Stnda SIA Foreign 29,621,200 Single* 15c 22.259,686 City Dev 50c 18,660,010 MS Land 16,634,846 MS Foreign 15,696.600 SPH 0.149,351
      211 words
    • 669 24  -  BTOGKMABKHT COMMENTARY Not helping is the poor crop of corporate earnings; STH and KLCI straggle to cling on to key levels By R Sivanithy [SINGAPORE] The Straits Times Industrials Index clung grimly onto the 1,600 mark whUe the Kuala Lumpur Stock Exchange's Composite
      Chart info from Bridge  -  669 words
    • Article, Illustration
      64 24  -  ■by J Shiv Taneja WING TAJ Holdings closed 14 cents lower yesterday at $1.44 on a volume of 6.38 million shares, compared with its 10-day traded average of 6.85 million units. The daily RSI and stochastics are heavily oversold, but the outlook continues to be negative for the
      64 words
    • ON THE GRAPEVINE
      • 54 24 MIX Singapore with Myanmar and guess what brew you end up with? Spotted in a hotel shop in upmarket Sedona Hotel in Yangon, was what at first looked like a bottle of Singapore Sling mixer. On closer inspection, it read "Myanmar Sling", reflecting perhaps Singapore investors' number two
        54 words
      • 192 24 TEETHING problems are expected, but this is ridiculous. A motorist called up on the first day of electronic road-pricing yesterday to say that he had encountered a technical fault When he went to a major in-vehicle unit installer at Bukit Batok, he was told by
        192 words
      • 131 24 ONE old timer in corporate recovery had this word of caution for creditors who may be pinning too much hope of some salvation for their bad loans on the new Thai Bankruptcy Act which will be coming into effect any day now. The amendment has been
        131 words
      • 72 24 JERRY Gregoire, chief information officer of Dell Computer Corporation, made too much of winning the rat race with the latest cure-all IT solution*. Mr Gregoire should know, since Dell is a major US computer maker that sells US$5 million (SsB million) a day of
        72 words
      • 161 24 THERE'S a zany-looking investment magazine called Taipan which comes out of Baltimore, Maryland, whose USP seems to be fer-out forecasts that "unmask the nonsense that passes for conventional wisdom". Here are some of its recent predictions: ♦By the year2ooo, Japan will return to economic powerhouse status, but the
        161 words
  • Page 24 Advertisements
    • 707 24 BMSIM P BB Notices To advertise ca toll-fre ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF BOOKS CLOSURE PROPOSED RENOUNCEABLE RIGHTS ISSUE (THE "RIGHTS ISSUE") OF UP TO 143,956,001 NEW ORDINARY SHARES OF 550.25 EACH ("RIGHTS SHARES") IN THE CAPITAL OF ST CAPITAL LIMITED (THE "COMPANY") AT
      707 words
    • 501 24 e 1800-*****83 Ahe companies act chapters? SECTION 290(2Kb) nonet of woumow OWMY SKY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Osprey Sky Pte Ltd held at 8 Shenton Way. *19-08, DBS Building Tower Two. Singapore *****9. on me 25th day of March 1998. the following
      501 words
    • 493 24 /the companies ACT CHAPTER s<r SECTION 290(2Xb) NOTICK OF RESOLUTION KM DOW INVESTMENT PTI LTD (M MEMBERS' VOLUNTARY LIQUIDATION) At an Extraonfcnary General Meeting of KMor Investment Pte Ltd held at 8 Battery Road. *32-00. Singapore *****9. on the 24th day of March 1998. the toftowmg special resolutions were duty
      493 words
    • 656 24 IN THE MATTER OF THE COMPANIES ACT (CAP. 981 AND IN THE MATTER OF RAPHAEL INTERNATIONAL (SINGAPORE) PTE LTD (IN MEMBERS'VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section .108 of the Companies Act C*> 50 that the Final Meeting of (he Members of the
      656 words
    • 40 24 BUY FIND it Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. ton FI I 1800-737-1166 (•II T«4«r f»« Ihilm Tivitriv
      40 words

  • SHIPPING TIMES
    • 302 25 Bridge News, Ratter THERE was thin trading again for Panamaxes and while rates were holding in the Far East, sources said due to the lack of activity levels could ease. After a slow start Biffex found renewed buying interest with the May contract pushing up 15 points to
      Bridge News,; Ratter  -  302 words
    • 243 25 wmmmmmmmm *r1 It INI CWT Dtttributtor 0.715 -O.OJ 38 ClfWHup OH <X01 25 CWWIWWIWK -0.50 *0.04 S rrataMLMi 0.33 -0.01 262 MrtoMnqi OJS and) 29 MMSunHup 0.60 -004 3X2 nrmmzmm an -aoss sm MCHaMnfi HKMO ■HyaHildnfi 0.5* -0423 27 Jir*MSN9vard_000 -0.40 252 K*9P*C*f9 4.78 -ao* 1SS0 KaW*FCLS 4.52
      243 words
    • 526 25  -  Worst case scenario is -5% growth for this year, says shipping consultant By Marcus Hand [SINGAPORE] The Port of Singapore could see container throughput drop by as much as 5 p&- cent this year due to the region's economic crisis, according to
      526 words
    • 143 25 [SINGAPORE] Italian shipbuilder Fincantieri's naval shipbuilding division has won a US$l.3B billion (552.2 billion) order from the Italian Navy to build two U-212 A class submarines. Jointly developed by the German Submarine Consortium and Fincantieri, the submarines will be built at Muggiano in Genoa
      143 words
    • 694 25  -  SHIPSHAPE By Felix Chan TO Sultan Bin Sulayem, competition and cooperation are two sides of the same coin. The 43-year-old chairman of the Dubai Ports Authority (DPA) believes that the evolving nature of the port industry today, coupled with the "commonality of
      694 words
    • 290 25  -  By] Felix Chan (SINGAPORE) The exhibition space at PSA Corp's World Trade Centre has been reduced by almost a third following the demolition of two halls to make way for the construction of the North-east MRT line. The demolition of WTC Halls 1 and
      CHRIS LOH  -  290 words
    • 252 25 [HONGKONG] Hongkong's newly appointed director of marine Tsui Shung-yiu, has warned that ships not complying with ISM (International Ship Management) requirements would be detained if they entered Hongkong waters after July 1. Signalling a hard-line approach to non-ISM compliant %essels visiting the port, the
      252 words
    • 257 25 [SINGAPORE] The government of Panama h#s gone very quickly from little regulation of labour relations on board Panamanian registered vessels to a new law making obligatory for owners and operators to comply with Panamanian Maritime Labour Law. This comes with the enactment in
      FILE PHOTO  -  257 words
    • PORT Shots
      • 123 25 Reuters [TOKYO] Mitsui Engineering Shipbuilding Co Ltd said yesterday it may reduce its employees by tboutsoo toft total of 4,000 by the year to March 1001. It said It also planned to cut loans by 60 billion yen (***** million) to 210 billion
        Reuters  -  123 words
      • 39 25 AFX-Asia [TAIPEI] Evergreen Marine Corp (Taiwan) Ltd said*' has decided to run a South America east coast-J4arsl». America route from May. The move to aimed it mimffwf increasing demands for this route, a company said.-AFX-AsUx
        AFX-Asia  -  39 words
      • 77 25 [TAIPEI] Taiwan's Yang Ming Marine Transport Dorp has entered into a container slot swap deal with Chfea's China Ocean Shipping Co for trana-PaciflesWpptaf routes. The deal allows Ming to carry between the US Pacific coast and Taiwan Coaco can carry Yang Ming cargoes on trans-Padflc routes,
        77 words
    • 981 26 LLOTD'SLIST LLP Group, publisher of the historic Lloyd's List, expects a market valuation of £125 million Bloomberg LLP Group, which is hoping to offer shares on the London Stock Exchange this month, is best known for publishing the venerable Lloyd's List. For more than two-and-a-half
      Bloomberg  -  981 words
    • 211 26 PACE Dongnama 7 ACL 9 ECL 5 ANL 3 Ethiopian Accord Eur( 1i < Eoorgroon ft Astro 3 1 Austral 9 m y Gomartrans Batamindo 7 G#M,I W B*s.ator a inuk¥k 4 9m f wmmm Sufi Hue i B'tangMas ""-J"" 1 J CCNI
      211 words
    • 25099 34 THEBU sinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona SIN Oast'n Mm Nam* Numtar NumMr SIN Oast'n Nama Nam* Number Number WMMMMMMMMMMRMMMHMHMMHMMNNMMMMMMMM MMMNMMMKMMMMMMMBilMMMMMMMNMHMNMMUMMMHfiMMi IS/04 09/09 Evargraan NUOVA LLOYDIANA 4-015W 45-*****1 A 15/04 0t/0S Triastino N LLOYDIANA 0200-08W 6S-T*****5 T# ss^s?i £Sris;
      25,099 words
    • SHIPS IN PORT
      • 733 39 Vewl Voy No Bfth Arrival Dwparturi JilW Ar«M|dy)144 4 J02 ilongjidt 02.04/0415 Art Xtontm *13 JOi Hongsid* 03 04/2300 MvMcM *002 J13 1M4M 02.04/1000 •Mm IMy« *****1 J02 Hongsid* 01.04/2300 K hrttt U APT XI 01.04/1700 It Hiri 2929 *****4 J01 llongiM 01.04/2)30 HIM AMI J01 Ilongsid* 02.04/0300
        733 words
      • 1627 39 1CCCIYII— or EXPORT FCl CONTAINERS AND LCL CARGO Booklnt/Batanct litis Ship Voy Wo Etb/Btr Nrtod Prow To Prow Aci uir 0021 01/2351 U OVHM 8VMM OVHM OI/IMO OVHM OVHOO a OVWOO *****51 52 0100 M 0VT7M 02/0451 32/8*0 02/0700 02/1151 02/v»00 4 02/1200 02/1*51 02/1700 wwiT mii ovum
        1,627 words
      • 205 39 Apr 0 Hong Kong: Ching Ming Festival. Apr 7 Brunei: Hari Raya Haji. Malaysia: Hari Raya Ha)i. Apr 3 Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday. Canada: Good Friday. Denmark: Good Friday. Finland: Good Friday. Germany: Good Friday. Hong Kong: Good Friday. Indonesia: Good
        205 words
      • 861 39 THIS report com piled by Cockett Marin* Oil Ltd, show* price range* In US dollars instead of single price* for mor» comprehensive <tescrlption at the market Price* ahown an baaed on avarag* ilied •t*m Market movement! an Indicated. The Cockett Bunker Price Index chance and the
        861 words
      • 355 39 Cartoa WO Mm 993.3 2.0 ft A 0.31 41 0.09 MarM Dwwtty Motor RmWm Atk AJnMw iKiiil NoMom£25 12 2 10 0 %HM 300 AM 905.9 OJ 14.4 0.0« 30 0.02 torn 300 MM 992J 0.9 19.9 0.13 M 0.04- »M» m mm* Bo Mom 035
        355 words
    • AIR & LAND TRANSPORT NEWS
      • 398 40  -  S'pore national carrier flying to New Jersey airport 3 times a week By Marcus Hand (SINGAPORE] Newark International Airport in New Jersey is now connected direct to South-east Asia for the first time with the arrival of an inaugural Singapore Airlines (SIA) flight there
        398 words
      • 235 40  -  By\ Felix Chan [SINGAPORE] Flag carrier Singapore Airlines roped in several awards in two surveys held earlier this month. SIA clinched the Best Globed Air Cargo Carrier and Best Asian Air Cargo Carrier in the Asian Freight Industry Awards (AFIA) organised by Cargo
        235 words
      • 180 40 Reuters [LONDON] British Airways will side-step legal challenges to its new cut-price airline by announcing that it will fly to destinations not served by other no-frill carriers, the Financial Times newspaper said yesterday. The paper reported that BA would announce this week
        Reuters  -  180 words
      • 112 40 AFP [WASHINGTON] A German military transport was flying at the wrong altitude when it collided with a US Air Force C-141 off Africa last year, killing all 33 people aboard both planes, a US probe found. The six-month air force investigation
        AFP  -  112 words
      • 300 40 AFP, Reuters [MOSCOW] Russia has summoned the Canadian ambassador to Moscow to protest against the detention of an Aeroflot airliner at Montreal airport over a legal dispute between the state airline and a former Canadian partner.. Acting on a court order after
        AFP,; Reuters; REUTERS  -  300 words
      • 420 40 Bloomberg [SEATTLE! FDX Corp said it may reach a compromise with federal aviation regulators on their proposal to more than halve the amount of freight some Boeing Co 727 cargo planes are allowed to carry. The Federal Aviation Administration plans to
        Bloomberg  -  420 words
      • 62 40 (SYDNEY] A one-fifth scale replica of a KLM Boeing 747-400 aircraft makes its way on a barge under the Sydney Harbour Bridge yesterday to mark April Fool's Day. The 15.2 metre-long plywood plane is the largest model ever made ofa Boeing 747 and was commissioned by KLM
        AFP  -  62 words
      • 487 40 Bloomberg (CHICAGO) Delta Air Lines Inc probably will seek an alliance with United Airlines that will let the airlines sell seats on each other's US flights as they attempt to counter a major rival partnership, a report by United pilots
        Bloomberg  -  487 words
      • 1602 40 CTTT FUSOT ETA fUCMT CID mmm onu tm sow mo sowo ows mmi M73M mo mtju zob soeo3 nos CZ3S2 osas Oftl 1930 0FI2 2055 "353 2045 S0804 1020 ***** 2220 IMmNC C2 3017 2010 ImHtrim KL843 0450 (1(46 0040 M VW741 1310 VN740 1410 $023
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    • 712 26 NOHIH AMERICA vpsa yoY ox vm 1 su 1 u sm vissti voy ju mm mm" a* sm 1 1 1 I»""■"»I"" ST mm mm ■SmSmUmSm-^r BUPiW IIIUI OIBIPWBBI HO NfDUOYD DAMMAN 2« 13/13 IS/03 14/03 20/03 24/03 31/13 31/13 yissa VOYAGC LG9 SM ooumpan nwsi3 oTTm io/S wohddmiai tu
      712 words
    • 567 26 XoaVOS. Lmas services represented <* M rnt r *<*« h R «o r y<* £TKI S*igapareFrai*»t Forwarders w|jgPw Accredited Shipping Agems. UUkf Association Singapore Shipping Association < I I i I a Full Cover Insurance Services To Moscow CIS Mongolia k Call Gareth Evans Moscow Container Line (Singapore) Pte Ltd
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  • Page 27 Advertisements
    • 955 27 SAX SERVICE (DWECT) Ivesa voy sum ux oak mi hou <w cch __jjgj m n* rn.ua oou n/03 26/oa 31/03 31/03 01/04 01/04 01/0* Q'/m 02/ M J2/q4_ ATI COMET 0011 H/03 02/04 07/04 07/04 08/04 01/04 01/04 08/04 09/04 09/04 NOIBMOUOISt 0151 25/03 11/04 14/04 14/04 15/04 15/04 15/04
      955 words
    • 1914 27 <h) hanjin shipping HANJIN SWffW6 (S) PTIITD Imp //ma. tm NOIIM *****35 737 SALCS *****74 7* DOCUMtNT *****71 774 OKUTWIS *****41 757 MM UM *****55 MX *****40 O M 11 *****0000N TO NW USA it CANADA USA CANADA* R* VSI/VOT OAM SM UNI HAIR/VOT SKA IIW MK |TO Oi MSf
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    • 1536 28 DSR SENATOR UNES TO UK/CONTINENT TO RED SEA/MEDFTERRANEAI^CANADA VEMEL WW wT LEH BTM AMI HMI MV ft* HEMEL VOT MM JIO BIT IK EOS VIC MTU TRADE ETEMBTY WMI7 DM MM MM 23 M MM MM WASHINGTON KM WHWI7 MM 17 M 23 M 21M MM MM MM HMUM TOKYO
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    • 1308 28 YML ,nt#fn#t w b Brt wt P //www.ymLcom.tw 1111 /i, ma A liiJ iH/H'l Hj!iJl jllil'UJ fIAI IHJII &|-H j;l'J M 1 ARRIVAL FIXED MY-TUESDAY VESSEL VOY LEH FXT HAM ANR HFA 8111 MING MOON ABO 7 SLD SLD SID SID SLD 07/04 DOVER BRIDGE ASOB SLD SLD SLD SLD
      1,308 words
    • 470 28 KpSSEHONUNE SSf JSL Till Mt34M MX> ISIIIII 1 MUARA LABUAN j vissti NT in (u vtssa vor fro n* SFOM MUARA SfOCf UN iwosra vow/n m/m o»/m lhosfbi voh/m m/m io/o« Amootr vo*/w io/m ii/m AHtaarr vou/w io/m m/m j. F«osra vioi/m is/m i«/m J-ww vm/w is/m w/m AR&GLOtT VIM/W
      470 words

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    • 1319 29 vmft VOY SIN BKK PQU PKO PSN 1W SUN IBA I BIK IRAN SHOJAAT PJL-1271 ~I I I 18/03 26/03 IRAN TSYFOUM PJL-1273 21/03 30/03 1 1 1 I 1 I 1 I ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN.
      1,319 words
    • 1779 29 DIRECT SAILING 1M TO IMAIMIIAI XINGANG J I SINGAPORE'S GENERALAGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/l) 4205M2 iOHOM OffKE: COSTAR SNIPPING PTE LTD #17-mnshog smis/MGS 4205*41/43 INWARD DEPT (0/0) *****15 COSTAR AGENCIES (M) SDN BHD CR NO: H*****0000M TOWER TWO (OHtQf) (ONYtNTIONAI *****50/55 T/SNPMT DIPT *****25
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    • 568 29 I EASTERN CAR LlNBt, LTD/'Ti'SStf« iSJ KL tSIHOAPORE) Pit ITP J_ Kl (SHt6AfOKD FT! HP LOADING FOR PORT KLANG/MUARA 1 PORT KLANG/Pf NANG MV "ORANGf SKY" V.SO MV "BAAB ULLAH" V.49 ETA SIN 28/03/98 ETA PKL 29/03/98 ETA SJN 29/03/98 ETA PH. 30/03/98 ETA MUA 01 /CM/98 ETA PNN 01/04/98
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      1,216 words
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      720 words
    • 359 30 NANTAI LINE FUU.Y CONTAINERISED SERVICE TO I MAURITIUS SOUTH AFRICA I VBSH 1 VOT I SW I PUi I DW I CFT I »/Wl KAjmiwua vOTis 07/w 20/ m ?</w mm yews v o2*s 14/04 n/H wh x/os 03/tt GOIPBIMU6OII im ty* 30/H OS/OS mmptwas wis 30/04 u/os \m mm
      359 words

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    • 551 31 1 BSA jl~l mm MYANMA pBBk FIVE STAR UNE (Myanmar Notional Lino) Loading lor Yangon (Rangoon) VISSIL VOY SIN PKG PIN PGU PAGAN 254W SU> (AGO 101W 04/04 MALAYSIA AGENTS: lOUSHAD SHIPPING AGENCIES KUL m 07-03-*****00 PKL Til 02-03-*****01 PIN: HI 02-04-*****02 PGO; Til 02-07-*****21/4 BANK LINE (A s»r*it# of
      551 words
    • 1291 31 HYUNDAI I MERCHANT MARINE CO. LTD. IVRSfI VOT ISM I SOU UH BTM ANT NAM BRV FB. fVKSa VOT I SOU I IB! ETM I AMT I HAM I ERV I I SM I API AUMNMNf 301W 07/04 20/04 25/04 22/04 23/04 ACAPUCO 3011 01/03 14/03 11/03 12/03 02/04 MAAS
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    • 885 31 flB MM JEE norwagion tpeoatized outocoman mm mm awes TO NORTH AND LATIN AMERia Ro HIAYYUFT SERVICT [VESSU VOY RAMP HEIGHT SIN LAX Cll MU SAV Ml ORF NYC |WW| MM TAMPA fSOT" 400 Tmi ~6JM ***** 10/05 22/05 24/05 26/05 27/05 28/05 02/04 04/04 TALABOT FM9 400 Tom 6.3
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    • 948 32 BANQKOK/LAEM CHABANQ JAKARTA/PAN JA NO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN XETHA BHUM 229N8 In Pt 05/04 MATHU BHUM 361S In Pt 04/04 YANTRA BHUM 234N 04/04 08/04 MATHU BHUM ***** In Pt 04/04 CHANA BHUM 12N 05/04 08/04 08/04 GURU BHUM* 72S 04/04 07/04 ACX
      948 words
    • 461 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAO, SINGAPORE 0206 TEL *****68 FAX *****64 TLX: R*****6 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu I Muara vtssa vor sin ry SSSI4 vot mm mua IStno V9807E IMZ/W 17/04 WMSE 1*43/0401/04 I Mm) YWOSI 16 17/04 72/04 MPMH V9BOSC
      461 words
    • 543 32 I ACCORD MM SHIPPING PTE LTD TEL: ***** IS (40 Lin«s) FAX: *****30 MTKIAMG (03)34/1001 B Wk WNECT ACCESS TEL: *****55 (EXROET BOOKING) MM GUDAHC (07)*****/7 *****34 (EXPORT DOC), *****39 (IMPORT) nMAMG (04)*****4$ UtL:HTTP://WWW.ACCOHD.COM.SO JJUUUIU (11)*****70 w>ti m sin w»w m sin pokt eta sin poet mtm (FAR EAST) (INDIA)
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    • 388 33 INDONESIA NATIONAL LINE TO EUROPE ~1 EXPRESS SERVICg "vii VOY |TpO«E lADAM/ROAM H'llMG MiMEN ANTWERP A VESSEL 43W1 IS/OS 19/05 "oiTf 2S/05 TO AUSTRALIA RILL COMTMNB* OTVICg V*. WY_ parsi he I ««I «yd wal wa| mil lug I W— V.I3S KM MM IUM 17M 2004 2MM iSienu met mm~vvm
      388 words
    • 1052 33 ADVANCE CONTAINER LINES (PTE) LTD I A A\ I 140 Cacil Street, #12-00, PIL But Wing, Singapore *****0 TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****06 BANGKOK JAKARTA (WMfr ssm PAT/ 7 S*» LPVI sn »*T) (> UHftfcJNM), VESSEL VOY SM IKK VESSa VOY
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    • 905 33 Kg^£gg|ggi^H vessels voy »TT jed mla lbi ham thp wtm zee JWK 10*04 18*04 24AM 30*04 01 A» ***** QMS OMIS VMJ.E DE TAURUS A2SW IBM gg> 2MM Q6A» 08*06 08/06 08/86 0M» VALLE D*AQUARIUS U2gW 21 AW 28*04 Ojg 1(V06 11Ag ttg IMB 14A» WXE DE ANTARES L29H WQ*
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    • 46 36 I To retrieve more schedules, Just follow these simple steps... document ghal 740-6000^^H^^ l tep be faxed Select the port Step key in the four number /if Arjpdigit code Key in your Example: —I—, fax number To NEW YORK (NYC) 2275 tor calls within Singapore IMtßd
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  • Page 39 Miscellaneous
    • 122 39 LEGEND. R Thunderstorm T.mp*ratur* m Q X\ y Show«r W*oth*r Wind (traction with sp**d in knot* Rom V^/ Cloudy Sky Wov h *'9 h S-rfjc* winds or* mdk*t*d by arrow* which Hy wit* th* wind On* M circl* r*pr*s*nts calm or light and vanobi* wind* On* hoM «*ch* nprmnti 5
      122 words