The Business Times, 14 April 1998
1998-04-14
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The Business Times
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Title Section17 1998-04-14 1 MITA(P) ll(V12/97 85# S 1 N (J A P 0 R E Internet: http://www.asial.com.sg/biztimes TUESDAY, APRIL 14,199817 words
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901 1998-04-14 1 Andrew Marks - Banc One and First Chicago will also join forces in USs3ob deal From Andrew Marks in New York TWO massive banking mergers worth a total of US$9O billion (*****.3 billion) were announced yesterday, speeding the consolidation sweeping through the US financial services and banking industries.901 words
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586 1998-04-14 1 Jenny Lam - Move follows Asiamatrix deal with 4 specialists By< Jenny Lam [SINGAPORE] Medical practitioners who give profit guarantees to shareholders run a higher risk of unethical behaviour, says the Singapore Medical Association (SMA) council. It has adopted a resolution which says that in586 words
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589 1998-04-14 1 Kenneth James - BUOTSOMM OOMMBROB But was business sufficiently involved, asks Kenneth James Kenneth James IT WAS always going to be daunting, this task of setting guidelines for an epochal phenomenon that is still in the process of defining itself. Electronic commerce (EC) is the next589 words
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Article, Illustration505 1998-04-14 1 Abdul Hadhi - Prices likely to average $1.2 m to $1.3 m per unit By* Abdul Hadhi [SINGAPORE] Pidemco Land is expected to launch soon its 99-year leasehold landed development in Toh Tuck Burgundy Hill at prices that analysts say could spell aCHRIS LOH - 505 words
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Page 1 Advertisements
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Advertisement7 1998-04-14 1 inii| CHIWA ..............0 ■hi til lain ■MHMH7 words
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Advertisement20 1998-04-14 1 Green Point to buy BankAm unit, Pg 18 Prorata Motor urged to take lead in electronic commerce drive, Pg 220 words
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Advertisement87 1998-04-14 1 Piupci if fiohmm, Pg 3 nmiimnriUlr EC launched at $430p$f, Pg 3 NOKIA i i '*> J ff; vV» ll*\ 'waS aP«? i.s«* ;V*rfV"'"» Vi a" 1 f fe*':■ v.T ..M 5 I r* A IW. \Stf £V. f 1 -\i ff. J» *-V f'iwlvsii rfjl '^fakSJittzx f s >87 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration603 1998-04-14 2 Toh Han Shih - Panel on veils proposals to anchor S'pore as global e-commerce hob By' Toh Han Shih THE private sector with strong government support should take the lead in the drive to develop and promote electronic commerce (EC), says the EC policy603 words
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322 1998-04-14 2 Abdul Hadhi - Edmnnd Tie cuts salaries by 10%; Knight Frank freezes pay By Abdul Hadhi CONTINUED property market weakness is forcing more real estate consultancies to undertake hard cost-cutting measures. Edmund Tie Co (ET&Co) recently imposed a pay cut of at least 10 per cent across the322 words
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Article, Illustration363 1998-04-14 2 Raju Chellam - By] Raju Chellam SINGAPORE attracted $1.14 billion in fresh research and development investments in 1997 that is set to generate about $5.4 billion in revenue from new products and services, and lead to the creation of 1,400 jobs for research scientists andSource: NSTB - 363 words
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119 1998-04-14 2 IF YOU are not going to make the April 15 deadline for filing your tax returns, don't panic. You now have three more days to do so. However, when you do file your returns during the extension, it WUI have to be via119 words
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Article, Illustration332 1998-04-14 2 Audrey Tan - EYE ON THE ECONOMY Trade By, Audrey Tan SINGAPORE'S terms of trade (TOT) deteriorated in the second half of last year, after the onslaught of the currency crisis. But an improvement in export prices in January led to a rise in the TOT in thatSource: Dept of Statistics - 332 words
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451 1998-04-14 2 Conrad Raj - Firm upbeat about growth in corporate doe diligence work By i Conrad Raj THE regional economic crisis may have spelt death throes for many a company but for some accounting firms, it has brought new businesses and opportunities to expand. In451 words
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195 1998-04-14 2 AFP SINGAPORE tourism authorities are targeting China with its vast potential for tourists in efforts to lure more Asian visitors to the city, officials said yesterday. The Singapore Tourism Board (STB) this week launched a marketing mission to China to encourage the Chinese,AFP - 195 words
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Page 2 Advertisements
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Advertisement155 1998-04-14 2 ©BHBaarasEißZß A member of the Onoda Group of companies is proud to announce the opening of our Singapore office the construction industry experiences modernization and the application of scientific and chemical techniques, our company, with 35 years of experience is determined to do its utmost to continue to meet the155 words
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Advertisement65 1998-04-14 2 IBS Results of tender for SE| taxable book-entry Government Bond 1998 due 15 April 2000 to be issued on 16 April 1998 Tenor approx. 2 years Amount Offered Allotted *****,000,000 Amount Applied 551,556,505,0 CX) a Interest/Coupon Rate 3.125% p.a. B -i- Average Yield Price on Allotment 3.13% p.a. and 99.990%65 words
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FOCUS: PROPERTY
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Article, Illustration1188 1998-04-14 3 Lee Han Shih - THBF&OFHRTT coram Developers say supply figures are overstated but are they prepared to bare all? By Lee Han Shih HOUSING developers have complained that figures on unsold housing units reported in the press do not reflect the actual state of the market. They are1,188 words
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178 1998-04-14 3 [SINGAPORE] Lam Leong Building, a seven-storey warehouse in the Geylang area, has been put up for sale by tender. Marketing agents Jones Lang Wootton said yesterday that the freehold property occupies a site area of about 2,224 sq m. It comprises 13 strata178 words
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Article, Illustration455 1998-04-14 3 Diana Oon - M«re than 70% of units will cost less than $660,000 By Diana Oon [SINGAPORE] The consortium that Is developing Summerdale in Jurong yesterday launched the project with asking prices pegged at $430 per square foot. The 432-unit executive condominium project in Boon Lay Way is455 words
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Page 3 Advertisements
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Advertisement164 1998-04-14 3 ws<k uSCSF* m l«Hbt Mi' Slwa ftfa4l«ttsUUUSK m mm Nestled within o cosy Good floss Bungolow Aroo in prestigious District 10. Comprising 2 lots ol over 15,100 sq. ft. ond 20,300 sq. ft. respectively. Bid for one or both bund* plots. Commending view, with interesting terroin for creotive design I164 words
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Advertisement77 1998-04-14 3 ft& s -A vnuiwii 3H Im J All units are fully aiKonditioned and /vr morr information, contact Joint Marketing Agents:- 1 Km I 1 1,1 Knirilt Frank Pie Ltd Collier* jardine (Singapore) Pie Ltd IniWltw Dominic Peter* Tefc 225-6W4 UkUMfl Wumond CSoo 320-2626 Frank Lj lre»eK»n Tel: 225-6896 IHH PwndaSiaw77 words
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MARKETS IN TURMOIL
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Article, Illustration713 1998-04-14 4 Leon Hadar - IMF/WORLD BAMS MEETING Assets far Mow pre-crisis levels but slowdown 'much less pronounced' Reports by Leon Hadar in Washington THE International Monetary Fund (IMF) says in its latest World Economic Outlook (WEO) that the.flnancial crisis in East Asia has been ralmingREUTERS - 713 words
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490 1998-04-14 4 Call for IMF to work with private sector for better monitoring WAYS to strengthen the international monetary system so as to enable it to prevent, manage, and resolve future financial crises is one of themajor topics of the spring meetings of the World Bank490 words
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Article, Illustration518 1998-04-14 4 Anthony Rowley - From. Anthony Rowley in Tokyo THE International Monetary Fund is stepping up its pressure on Japan to take bolder economic stimulus measures and in its latest World Economic Outlook (WEO) published today, it urges Tokyo to consider a further cut in518 words
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764 1998-04-14 4 S N Vasuki - Mm costing 18% of GDP strengthens hand of new agency to nnrse ailing banks From S N Vasuki in Jakarta THE Indonesian government will issue 155 trillion rupiah (5532.2 billion) in bonds to a newly created state agency, in a764 words
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489 1998-04-14 4 Larry Wee - Byl Larry Wee [SINGAPORE] The Indonesian rapiah jumped 7.3 per cent in Asian trading yesterday to close at a two-month high of 7,600, after its 8,200 close to die greenback last Thursday. Traders said that the rupiah rose in expectation489 words
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Article333 1998-04-14 4 Audrey Tan - Baal economic pain only just beginning, says think-tank By Audrey Tan [SINGAPORE] Asian economies will not see a quick turnaround and are only just beginning to feel the real economic pain, warned the Economist Intelligence Unit (EIU). The think-tank said it will take at333 words
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Page 4 Advertisements
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Advertisement21 1998-04-14 4 Why IMF needs to change its approach, Pg 10 No bsutieflaw in approach to Asian crisis, Pg 10 HBB i B21 words
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SOUTH-EAST ASIA
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367 1998-04-14 5 KUALA LUMPUR Govt mnlling new guidelines to banks to provide loans to contractors hit by slowdown: minister Bernama MALAYSIA'S Works Ministry is preparing a report to the treasury on contractors building major infrastructure requesting financial assistance to proceed with their projects, Works MinisterBernama - 367 words
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205 1998-04-14 5 ■YANGON Reuters MYANMAR's top general said the military government will not rule the country forever, state-run media reported yesterday. "Our Tatmadaw (armed forces) will not take up the responsibilities of the state forever it would be improper to do so," Senior General Than Shwe, chairmanReuters - 205 words
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Article, Illustration71 1998-04-14 5 [KUALA LUMPUR] Visiting French Secretary of State for External Trade Jacques Dondoux (left) taking the hand of Malaysian International Trade and Industry Minister Rafidah Aziz shortly after signing a memorandum of understanding here yesterday. The MOU wasfor the transfer ofFrench technology and the promotion ofAFP - 71 words
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304 1998-04-14 5 MANILA Church qmzzes them on sensitive issues like birth control AFP CANDIDATES in next month's Philippine presidential elections have been grilled by the Roman Catholic Church on their positions on sensitive issues like gambling, capital punishment and birth control, news reports said yesterday. Eight of theAFP - 304 words
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167 1998-04-14 5 BANGKOK AFP THAI opposition leader and former premier Chavalit Yongchaiyudh has vowed to resign as New Aspiration party chief before the end of the month and make way for a new era in Thai politics, reports said yesterday. Mr Chavalit saidAFP - 167 words
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157 1998-04-14 5 JAKARTA Reuters CHINA views ethnic Chinese in Indonesia as Indonesian nationals and the frequent riots targeting them as an internal Jakarta affair, Chinese Foreign Minister Tang Jiaxuan said yesterday. Speaking to reporters after a meeting with President Suharto, Mr Tang said violence involvingReuters - 157 words
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265 1998-04-14 5 JAKARTA Govt allocating 598b mpiah in 98/99 budget to create labour-intensive jobs AFP INDONESIA'S economic crisis will send unemployment levels to nearly 15 per cent of the country's workforce by the end of 1996, the country's manpower minister predicted yesterday. "By theAFP - 265 words
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Article, Illustration374 1998-04-14 5 JAKARTA Ten-month long drought hits 80% of farmland AFP THE Indonesian province of East Kalimantan is facing a widespread food shortage after 10 months of little rain and major crop failures, reports said yesterday. More than 84,000 hectares of crops had failed sinceAFP - 374 words
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Page 5 Advertisements
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Advertisement145 1998-04-14 5 :*fl lf«'*rrv" i J ri'ilieil >»J I l in 9 With the right financial resources behind you With IFS, you'll be surprised just how far you can spread your wings. That's because we understand what a growing business needs to take flight. When it comes to doing business overseas, you'll145 words
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CHINA-HONGKONG-TAIWAN
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295 1998-04-14 6 SHANGHAI Zhu-gnided move seen linked to plans to boost infrastructure loans Reuters CHINA has shaken up the top management of its three key policy banks in a move apparently tied to plans to boost lending to infrastructure projects, bankers said yesterday.Reuters - 295 words
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205 1998-04-14 6 BEIJING Reuters CHINA has ordered commercial banks to adopt a new credit-rating system in line with international standards as part of a drive to curb lending risk, the Financial News said yesterday. "Clearing and classifying banks' credit assets by using international practicesReuters - 205 words
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Article, Illustration51 1998-04-14 6 [LAMMA ISLAND, Hongkong] A fisherwoman looks over dead fish in open water near fish farms yesterday, after oxygen-guzzling organisms known as "red tide" devastated the territory's fish stock. An algae attack has killed half of Hongkong's farmedfish with losses estimated at HKs7omillion (5514.4 million).RBUTERS - 51 words
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Article281 1998-04-14 6 BEIJING Mandela to visit China before end of the yean report AFP SOUTH African Deputy President Thabo Mbeki wound up his nation's highest-level visit to China yesterday by meeting the Chinese President and Premier in Beijing and pledging closer ties. "South Africa and ChinaAFP - 281 words
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200 1998-04-14 6 BEIJING Reuters CHINA'S southern province of Hainan is celebrating its 10th anniversary as the country's biggest free-market zone, but festivities have been overshadowed by the island's poor economic performance, the People's Daily said yesterday. Hainan's gross domestic product growth has averaged 5.3 per centReuters - 200 words
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Page 6 Advertisements
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Advertisement27 1998-04-14 6 II Introducing I II our new II daylight I flights. I^l IB m Am M 9■|TH H B V V ■■H I fl I Lufthansa Specials 127 words
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ASIA
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496 1998-04-14 7 TOKYO 1,665b yen surplus is the 11th consecutive monthly ye&r-on-ye&r gain AFP JAPAN'S current account surplus nearly doubled in February, increasing pressure on Tokyo ahead of this week's meeting of the Group of Seven (G-7) finance ministers. The current account surplus jumped 97.1AFP - 496 words
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Article321 1998-04-14 7 TOKYO Bloomberg JAPANESE companies ordered fewer machines in February, the fifth slide in the last seven months, as Mitsubishi Motors Corp, Toshiba Corp and others in Japan and Asia scaled back spending, government figures showed yesterday. Private industry machinery orders, excluding those from utilities andBloomberg - 321 words
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ASIA Notes
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63 1998-04-14 7 Reuters [DHAKA] President Bill Clinton will visit Bangladesh later this year, stamping a US seal of approval on the South Asian country's democratic reforms, American UN envoy Bill Richardson said yesterday. Mr Richardson, on the second leg of an Asian tour, stressed the needReuters - 63 words
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62 1998-04-14 7 AFP [SEOUL] A 37-strong Taiwanese business delegation, the first of its kind since Seoul recognised China in 1992, met here yesterday with senior South Korean officials to discuss possible investments, trade ministry officials said. The officials said the group, led by Core Pacific Group chairmanAFP - 62 words
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86 1998-04-14 7 AFP [HARDWAR, India] An estimated three million worshippers flocked to the Indian holy city of Hard war yesterday, forcing security to be stepped up for a Hindu pilgrimage which is expected to attract millions more. Officials said 25,000 police had been deployedAFP - 86 words
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Article, Illustration61 1998-04-14 7 [MANGALORE, Australia] An ultrabat stunt plane crashing into a crowd at a country air show in Mangalore, 110 kilometres north ofMelbourne, on Sunday. The plane's 66-year-old pilot was preparing the plane when it charged away from him with the throttle set on full It ploughedREUTERS - 61 words
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398 1998-04-14 7 BEIJING AFP [BEIJING] North and South Korean officials held a third day of high-level talks here yesterday, with the North hinting it will keep its doors open to the South to seek ways to ease its food shortages. "I believe thoseAFP - 398 words
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288 1998-04-14 7 NEW DELHI Govt hopes the move will help boost the flagging economy AFP INDIA'S new coalition government on Friday removed import curbs on more than 300 products in a bid to fire the slowing economy. Commerce Minister Ramakrishna Hedge said the government hadAFP - 288 words
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Page 7 Advertisements
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Advertisement191 1998-04-14 7 University of South Australia Adelaide nu*i ppn (gflgS^ PHDkMBA Doctor of Philosophy in 13th Intake 18 April '98 Business Management Sth Intake June '98 100% in Singapore Min. 3 years Entrepreneurial, Strategic Thinking High level of face-to-face and Communication Skills contact *18 months; 100% in Singapore International team of PhD191 words
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Advertisement23 1998-04-14 7 VAmi J floto i&ti m ~to c«.s«.&K&ti ou>i ctyifeytAlt^. The Ritz-Carlton® Kuala Lumpur 4 f Ball Hong Kong Singapore Osaka Seoul Shanghai Sydney23 words
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Page 8 Advertisements
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Advertisement145 1998-04-14 8 t t I t -ft. t Just how manyfree insertions can you win in The Straits Times Readers' Pick of the Press Awards? K That's right, 8 free full-page, full-colour insertions. Or 2 merit prizes of 4 free insertions each. That's what you, the advertiser, stand to win when your145 words
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THE WORLD
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526 1998-04-14 9 MOSCOW AetiaiPHfOntnl bank chief sign acton focwinfoa boditUryrlfonr Reuters, AFP RUSSIA took a big stride yeeterday towards pereuadlng the International Monetary Fund to reeume disbursing billions of dollars in loans, whan it announced the signing of a 1998 financial plan putting budgetary rigourReuters,; AFP - 526 words
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373 1998-04-14 9 MOSCOW Buthaklatiit oompromlM with opposition od otUnot lino-np Reuters RUSSIAN Priildint Borli Yiltiln itood firm yMterday ovar hi# choice of Sergei KlrlBJco u prlmi mlnlitir, but tid hi might oompromlM by naming tomi jnlnlsters proposed by thi opposition. "I iay again X havaReuters - 373 words
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Article, Illustration464 1998-04-14 9 BELFAST Reuters THOUSANDS of Northtrn Iraland Protsstants paradad thslr loyalty to Britain and markad past victorias ovsr Roman Catholics on tha straata of tha province yeeterday. Three days altar tha Brit-Ish-rulad province's bittarly dlvidad politicians andad 21 months of talks with a historic acoord,Reuters; AFP - 464 words
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286 1998-04-14 9 FRANKFURT Reuters LEADING German politicians called on the government to brine back tax on •amines from shares, but builntM leaders oppoaad the mova, aayinc it would harm Germany'! fledgling equity culture. German equity markets have bean on a reoord run InReuters - 286 words
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Page 9 Advertisements
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Advertisement159 1998-04-14 9 ftnwtt ftntiMi MB WUIUIIH mm pumrwMWWii T**TT"" Xs sff f sjxss' Iy#n,port ftyitmiinFidinl Pallet• UwEnrareimini 71[m ■g 7, Pharmaceutical. l aov,mmOTt > inoiwc ua Agnouitural ryW////AJ*Au.tr.ll. Plaatloa/Chamloal Will %%w\\fly\mhWxw f f jTjr .41 JJrjr JT JT f Sri/tln Corporation Communication Johnton John»on InttrfCj/fy^MrUp^a^f JT Balfour-Food I"™'1"™' Auttralla Pty Ltd Irrigation159 words
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REFOCUSING THE IMF
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Article, Illustration2359 1998-04-14 10 Martin Feldstein - Fund can be more effective if it pursues less ambitious goal of maintaining countries' access to capital markets By\ Martin Feldstein 11 Martin Feldstein is Professor ojl j Economics at Harvard University ancs president of the National Bureau of.' > Economic Research. ThisFILE PHOTO - 2,359 words
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1547 1998-04-14 10 Vikram Khanna - The Fond may have made some mistakes but it doesn't make sense to say that its core principles are wrong By' Vikram Khanna [SINGAPORE] It happened in Latin America in the 1980s and in Eastern Europe in the early *****. Today,1,547 words
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Page 11 Advertisements
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Advertisement64 1998-04-14 11 All of these Securities have been sold. This announcement appears as a matter of record only. U.S. $1,000,000,000 Fullerton Global Corporation Limited Zero Percent. Exchangeable Bonds Due 2003 unconditionally guaranteed by Temasek Holdings (Private) Limited I ffO t f| and exchangeable for Ordinary Shares of Singapore Telecommunications Limited Issue Price:64 words
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EDITORIAL & OPINION
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Article, Illustration775 1998-04-14 12 Leon Hadar - THB BOTTOM LIMB OPINION By Leon Hadar The writer is BT's Washington correspondent ONE of the major debates that has dominated the American social science field revolves around the following question: Is the American body politic the reflection of the interests775 words
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Article127 1998-04-14 12 'People are saying their cutbacks could be engineered with smoke and mirrors.' -RodGanhni crude.oil trader, on market doubts as to the sincerity of Venezuela's plans to cut production output, thereby easing the global oversupply of crude oil. 'I now will have the best of both worlds.' -EimlFardll127 words
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Article571 1998-04-14 12 EDITORIAL THE confrontation on Australia's docks may be the last gasp of the militant trade unionism that has characterised industrial relations in that countiy. Nevertheless, the government could ultimately pay a high price for its stand The showdown comes after John Howard's Liberal-Nation-al Party coalition government571 words
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Article, Illustration877 1998-04-14 12 Neil Behrmann - Changeover and adjustments before and after EMU next year present sales openings for Asians By Neil Behrmann The writer is BT's London correspondent IN LESS than nine months, it will be upon us but are you preparing for it? ElevennL*PHOTO - 877 words
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294 1998-04-14 12 David Pearce - MAILBOX David Pearce Acting High Commissioner Australian High Commission Singapore IT WAS disappointing to read the sensationalist heading "Canberra comes under fire over immigration policy" in your newspaper (BT, March 30). The article reporting a paper written by Professor Murray Goot294 words
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209 1998-04-14 12 Choo Hoey - Choo Hoey Conductor Emeritus Singapore Symphony Orchestra I WAS a little taken aback by two curious assertions in David Chow's review of the weekend concert by the SSO ("Where size makes a difference", BT, March 23). In the second column, David209 words
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Article140 1998-04-14 12 laitMntMton HONGKONG has certainly had its share of natural disasters in recent months. First it was avian flu, then the cholera threat, and now the fish-killing red tides. The way in which such outbreaks are handled makes the difference between a minor scare and a major140 words
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Page 12 Miscellaneous
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Miscellaneous12 1998-04-14 12 POOHESBURY By Garry Trudeau S- —v J&BMY I Ctmitajf OKAY' J HSp12 words
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Page 13 Advertisements
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Advertisement534 1998-04-14 13 Buy It Sell It. Find It. Classified, CATS. Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain... sa-MB**** How vour lioss! can make voxi a superstar... If I «y jf* Thai Food Haven Sat the Heeren "Expect to be satisfied M* a rather than surprised >jE at534 words
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Advertisement57 1998-04-14 13 333 Orchard Road, Singapore *****7. Tel: *****11 iWATCH H A BEAUTIES 111 I CAT-WALK JiU DOWN OUR H'BAIIBOOM AISLE THIS Secretaries' Week V jaO to 34 April 9m Book your tickets at *****88 today. $46 NETT per person 12-2pm Lo-ar/gnn.art: k. K»"» 1 »—Js_ Mb lUX toscano Csq*? "t&A mt57 words
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Page 13 Miscellaneous
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Miscellaneous728 1998-04-14 13 TV&HAPIO 240 PM TV Innovations. 8,00 Games People Play. 1040 TV Shopping Network, 1 400 Kidz Blitz: Alf Tales. 840 Dreamers Life And LOO PM TV Innovations. 440 Lassie's Rescue Rang- Deaths (See Our 340 CDIS. ers. Choice). 4.00 Tamil New Year Spe- {I 0.00 Bimble's Bucket. o Team Knight728 words
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Miscellaneous242 1998-04-14 13 CRYPTIC CROSSWORD ACROSS j2 |3 Nt t 1 Italian island produce shows a sign of 7 8 Musical representation of H^|~~ aimless rebels (3,10) I 1 1 1 I I I 1 I I 1 i 11 Duty to which criticised peo13Sunhat,thebestone(4) Lj^ 16 In prison, see our fortitude (7)242 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1086 1998-04-14 14 RANDY HARVEY - Despite losing to his best friend and others at the 1998 Masters, and not winning for the last nine months, Woods still has a lot to offer the golfing world, says bandy has vby RANDY HARVEY LATWP MARK O'Meara, best known until SundayLATWP; AFP - 1,086 words
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Article, Illustration940 1998-04-14 14 PERSONALITY Star bond trader at centre of firm's rise and fall still in HK, living in more expensive home Bloomberg [HONGKONG] Three days before Christmas, Andre Lee sold his mint-green home overlooking the South China Sea. a US$6.5 million (5510.4 million) trophy the 34-year-old bondBloomberg; FILE PHOTO - 940 words
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Page 14 Advertisements
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Advertisement152 1998-04-14 14 |L, I Today's modern office has to be —Jb- efficient as well as impressive, I especially if you come into frequent contact p;, WrmmM wrth your clients. Thus selecting the right LgfppV s tJ:'V' SJSridt.™ furniture system is very vital. JB FES j Introducing the VERTICA Furniture System mWis I152 words
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COMPANIES & MARKETS
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Article, Illustration383 1998-04-14 15 Teh Hooi Ling - Group will hive off some investments, scale down BAD activities in revamp By' Teh Hooi Ling [SINGAPORE] In a major restructuring exercise, Sesdaqlisted Goldtron will close its manufacturing facilities in Singapore, hive off some investments and scale down its R&D activities to focusFILE PHOTO - 383 words
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140 1998-04-14 15 [SINGAPORE] Datapulse Technology yesterday reported a 204 per cent rise in net earnings to $4.6 million for the six months ended Janu- ary, and expected the year's second half to be even better. This follows a 428.4 per cent jump in interim net earnings to $1.5140 words
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198 1998-04-14 15 Annette Pau - By. Annette Pau [SINGAPORE] Packaging company Broadway Industrial Group Ltd has agreed to form a joint venture with USbased Prent World Wide Corporation to make high-end thermoformed products in Asia. The venture, Prent Broadway Holding Pte Ltd, will have an198 words
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Article210 1998-04-14 15 Bernama [KUALA LUMPUR] Westmont Industries Bhd, abiding by tomorrow's deadline to release its financial results, reported a group operating loss of 108.64 million Malaysian ringgit (5547.3 million) for the year ended Dec 31. This was an improvement over the RM215.6 million loss in 1996. TheBernama - 210 words
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675 1998-04-14 15 Eddie Toh - HOCK LOCK SIEW Eddie Toh Malaysian casino king Lim Goh Tong is a good poker player. He has proposed a corporate restructuring exercise which might achieve two goals create a possibly synergistic alliance between two companies in his stable, and at the675 words
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262 1998-04-14 15 Extension nntil Friday pending Sime Hawk fnniiing Reuters [KUALA LUMPUR] Shares of financial service company Rashid Hussain Bhd and two related companies were granted a trading suspension until Friday to announce funding details on a proposed bank purchase, the Kuala Lumpur Stock ExchangeReuters - 262 words
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307 1998-04-14 15 Bloomberg [KUALA LUMPUR] Malaysian brokerage Amsteel Securities Sdn Bhd has sued Teong Teck Leng, the developer of Malaysia's largest electrical home-appliance maker, for RMI2 million (555.2 million) in trading losses. Amsteel claims that Mr Teong owes it that amount for losses suffered from tradingBloomberg - 307 words
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REGIONAL COMPANIES
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Article, Illustration520 1998-04-14 16 Eddie Toh - It also discloses extraordinary loss of RMftlftm from Wembley investment From Eddie Toh in Kuala Lumpur TING Pek Khiing's Ekran Bhd has dropped a bombshell. The previous developer of the stalled Bakun hydroelectric dam in Sarawak yesterday announced a net loss of 405.3 millionFILE PHOTO - 520 words
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417 1998-04-14 16 Analysts cite higher taxes and lower connection fees Reuters [HONGKONG] China Telecom (Hong Kong) Ltd is expected to report only modest profit growth for 1997 because of higher tax charges and lower connection fees, despite a rapidly growing subscriber base, analysts said. And theReuters - 417 words
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323 1998-04-14 16 Reuters [HONGKONG] China's Wuhan Boiler Co Ltd will list 125 million hard currency B shares in Shenzhen tomorrow, the company said in a statement published in the Shenzhen-based Securities Times yesterday. The offer, launched between March 20 and 23 at HK51.492Reuters - 323 words
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204 1998-04-14 16 Reuters [TAIPEI] Taiwan's Nan Ya Plastics Corp pledged yesterday to restart its fire-dam-aged polyvinyl chloride leather plant in southern Kaohsiung county once the government consents. "We will apply to the Bureau of Labour Affairs to restart the fire-damaged plant," Lee Chen-Liang, aReuters - 204 words
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462 1998-04-14 16 40% tax on exports to replace ban, this will be cut to 10% by the end of next year Bloomberg [JAKARTA] Shares of Indonesia's palm-oil producers, led by PT London Sumatra Indonesia Plantations, surged yesterday after the government saidBloomberg - 462 words
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COMPANY Briefs
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73 1998-04-14 16 [SINGAPORE] ABR Holdings has secured in-principle approval from the stock exchange for the listing of 4.3 million new shares that it had agreed to place out through Kay Hian Pte Ltd and Kim Eng Securities (Pte) Ltd. Kay Hian will subscribe or procure73 words
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47 1998-04-14 16 Bernama {KUALA LUMPUR] Ayer Molek Rubber Company has recorded a group pre-tax operating loss of 7.23 million Malaysian ringgit (553.15 million) for 1997, an increase of 239.6 per cent over the RM2.13 million pre-tax operating loss in the previous year. BernamaBernama - 47 words
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Article73 1998-04-14 16 AFX-Asia [KUALA LUMPUR] MBf Land has aborted a plan to acquire retail properties, land and two other property companies due to the regional crisis. The company yesterday said it was calling off its proposed purchase of the 14-storey Skudai Hotel retail lots in the UE3 ShoppingAFX-Asia - 73 words
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82 1998-04-14 16 AFX-Asia [MANILA] Businessman Alfonso Yuchengco is willing to reduce his family's stake in Rizal Commercial Banking Corp in line with the bank's plan to issue more shares to the public, said RCBC chairman Cesar Virata. It is seeking to raise up to 2.5AFX-Asia - 82 words
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REGIONAL/INTERNATIONAL COMPANIES
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Article, Illustration425 1998-04-14 17 A—* ianii ■I■■rti QAJKIL pinngea ou-00^, says HD as New Delhi plant opens Reuters [NOIDA, India] Stung by plunging car sales in Southeast Asian countries, Japan's Honda Motor Co Ltd is zeroing in on India as its next growth market, company officialsReuters; FILE PHOTO - 425 words
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275 1998-04-14 17 Bloomberg [BRUSSELS] The Belgian government won't stand in the way of a bid by France's Suez Lyonnaise des Eaux SA to buy the outstanding shares in Societe Generale de Belgique SA (SGB), Finance Minister Philippe Maystadt said. Mr Maystadt said the government isn'tBloomberg - 275 words
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247 1998-04-14 17 Bloomberg [TOKYO] NEC Corp, Japan's largest microchip maker, and Rohm Corp, a custom-maker of microchips, plan to cooperate in developing "system-on-a-chip" devices, demand for which is skyrocketing because of the proliferation of digital electronics products. Under the agreement, NEC will supply dynamic random-accessBloomberg - 247 words
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215 1998-04-14 17 Wheel-maker hit by rising forex losses and interest rates Reuters [SEOUL] South Korea's Dooray Air Metal Co Ltd and its four unlisted affiliates yesterday applied for court receivership with Seoul District Court, company officials said. They said the company had been squeezed byReuters - 215 words
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Article91 1998-04-14 17 Reuters [NEW YORK] MerrUl Lynch Co Inc yesterday reported an 11 per cent jump in first-quarter profits to a record US$5lB mUlion (5J824.9 million), exceeding Wall Street estimates in a performance driven by strong gains in most of its businesses and by the boomingReuters - 91 words
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Article, Illustration338 1998-04-14 17 Bloomberg [TOKYO] Japan Airlines Co, Japan's biggest airline, said it will post a parent net profit this fiscal year after switching to more lucrative routes in China, Europe and the United States. JAL spokesman Geoffrey Tudor said the airline forecasts 14 billion yen (*****.1Bloomberg; FILE PHOTO - 338 words
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250 1998-04-14 17 Firm re verses projected lb yen profit after write-offs, losses AFP [TOKYO] Major Japanese chain store operator Seiyu Ltd said yesterday debt-rid-den finance units meant it was bracing itself for a group net loss of 59.5 billion yen (Ss73l million) in theAFP - 250 words
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154 1998-04-14 17 Reuters tTOKYO] Philips Consumer Electronics said yesterday that it aimed to sell more products in Asia that combine features from consumer electronics goods and computers. Sales of such "convergence products" would be aimed at tapping growing demand for personal computerrelated products in the region, said RobertReuters - 154 words
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241 1998-04-14 17 Bloomberg [SEOUL] Bowater Inc said it agreed to buy a newsprint mill from Halla Pulp Paper Co for US$l75 million (*****.7 million), taking advantage of a weakened Korean currency to expand its Asian business at a knockdown price. The transaction shouldBloomberg - 241 words
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FINANCE & COMMODITIES
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Article, Illustration561 1998-04-14 18 Catherine Ong - Return on equity for Asia-Pacific above 25% target set for whole group to achieve by year 2001 By Catherine Ong [SINGAPORE] Deutsche Bank AG had a record quar- ter in Asia in the first quarter, with pre-tax profits growing by more thanARTHUR LEE - 561 words
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143 1998-04-14 18 Bloomberg [NEW YORK] Green Point Financial Corp agreed to buy Bank America Corp's mobile-home finance unit for about US$7OO mUlion (SSI.I bUlion), expanding its consumer finance business, people familiar with the situation said. The purchase due to be announced yesterday will makeBloomberg - 143 words
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197 1998-04-14 18 Reuters [SINGAPORE] The Singapore International Monetary Exchange (Simex) yesterday declined comment on the future of the Brent crude futures contract after industry sources said the International Petroleum Exchange (IPE) had called for its early termination on Simex. A Simex spokesman told Reuters:Reuters - 197 words
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213 1998-04-14 18 SXXEXJleport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures firmed yesterday as the yen held its ground against the dollar after the Bank of Japan's aggressive interventions last week. But activity was confined to a familiar range in the face of conflicting commentsReuters - 213 words
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162 1998-04-14 18 Charlie Km - MSaVAIWAIT FUTURES Charlie Km service dealer. Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures tumbled for the fourth consecutive day, on persistent concerns about corporate profits in the second quarter. Despite the fact that most electronic companies in Taiwan reported162 words
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280 1998-04-14 18 ENERGY REPORT Reuters [SINGAPORE] The Asian crude market is expected to be under pressure on ample supplies this week, as refinery shutdowns for maintenance cut demand even as Indonesia and China reduce oU production, traders said yesterday. "The output cutbacks may in the midReuters - 280 words
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Article294 1998-04-14 18 AFX-Asia, AFP N«w York THE dollar posted small gains against the yen and mark in mid-morning trade here, lifted slightly by market speculation that the Federal Reserve is mulling a plan to support the US currency against the yen, dealers said. Mellon Bank foreign exchange dealer Bill BerthaAFX-Asia,; AFP - 294 words
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Article, Illustration481 1998-04-14 18 IMTHEBAMK CXMBIKAT— Apr-is I* lot fir ■< »nnn»» in m mm* *m nn m m mtfrni m sr si 3 3s si TrTHf 0J40 0.7V U« 0304 1)B 4248 217)0 4UM 0.710 Till Ml If* H4W 2UN 0J7J 2JN MM *8*7 2UM tltt M40 £5, mum un Wimia 2£ "H481 words
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Article281 1998-04-14 19 SR&MBSS&T 11 1 Om Mm 9m •"*8 25[ ■MU 13 PRBCI0US11BTALB a,, < ttiliaifa rfirr" Am Stoker* MM/ mMl MM »n QMMU WiW (M MJO (MtfM KW MA m» mii ArJ# iF' t NMV«t JMV doMi JOfJO •eUMVHCMS Apr 13 W —JMML—JMB Mr «7B tpHMw* 2472 9fl HI?281 words
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Article1488 1998-04-14 19 31 Ore* —.000 *1000 NPM moot) *4000 MMvNMtaMl 1203J00 ****** MMOMMC* 03X000 IOUOOO srar ass tffi Mm miOO -0.400 BKC u«anB -0.400 MCtree 01X400 *4400 ■Trtiiiwn OOP non *xooo gm 1MMn ****** ItKluimi TOOuOOO -10.000 ■RIM MXOOO -***** 117X000 ****** RnCMM 30X000 <000 mil -u.ooo fr* "r-TTT1,488 words
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Article1388 1998-04-14 19 AFP Reuters Qnua -M3J4 STOCKS ended lower yesterday In extremely quiet trade with foreign investors absent due to Easter holidays and domestic investors cautious ahead of a Group of Seven meeting to start tomorrow. The key 225-share Nikkei Average ended down 0.99 per cent, or 163.54 points, at *****.58.AFP; Reuters - 1,388 words
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Article378 1998-04-14 20 AFP QwPlnfax -I*o9l TAIWAN stocks dropped 2.1 per cent yesterday as investors took to the sidelines amid a lack of confidence, dealers said. "Investors felt disappointed after (market) consolidation for a while," said Jerry Cheng of Yuanta Capital Management Co. The Weighted Price Index shed 190.91 points to 8,863.11,AFP - 378 words
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Article358 1998-04-14 20 AFP Qlhnflt ♦lU* PHILIPPINES share prices closed 0.8 per cent higher yesterday amid a firmer peso and follow-through buying from a brief rally after the Easter holiday, analysts said. "Follow-through buying is carrying over from before the market took a break last week," said Oliver Plana of Asiasec EquitiesAFP - 358 words
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Article, Illustration702 1998-04-14 20 AFP Q Composite Index -3J>3 JAKARTA shares closed down 0.7 per cent yesterday amid an absence of foreign activity and with a strengthening rupiah triggering selling in overseas listed stocks, dealers said. "With minimal participation from the foreign side, I think people were hesitant to take any positions," aAFP - 702 words
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Article367 1998-04-14 20 AFP HOmpoßtohig +4JI SHARE prices closed slightly higher on the Korea Stock Exchange yesterday, with top blue chips and laggard financial the focus of futureslinked buying in the afternoon, dealers said. Foreign investors continued moderate buying on the downturn in money market rates and the yen's strength, they said,AFP - 367 words
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KUALA LUMPUR STOCK MARKET
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Article7226 1998-04-14 21 RMMMI > Cmmmt puilttl nw LMt vm on Met cop M» u» ctmm MI -boo m» m PH. 3W WO AJtaomote 279 JS"? V46 71 Anqkasa —90 unch 17 90 88 2.1 >32.7 )oo 123 ftanin PtrtHtl w? W 76.6 388 (90 ErEiLanO:!— 370 t«ch 20 370 366 21.4 25*4.47,226 words
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Article, Illustration249 1998-04-14 21 AFP, Bloomberg |3 Composite Index jj MALAYSIA'S key stock index ended 0.9 per cent lower yesterday in thin, lacklustre trading, dealers said. "Frankly speaking, the market is really lacking in confidence. The full impact of the (financial) crisis has yet to be felt and itAFP,; Bloomberg - 249 words
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WARRANTS & OPTIONS
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Article2686 1998-04-14 22 i Val Day One** Lew Mm -)--y tan «f fOCl H>» Um Tar W 23.5 9 m JOOO m AM09 C5.5H****** X*' 14« 20.5 3140 «AcrWW0731USS 23 99 93 31*4 Acma W010T24 "1 211 25 14 39 3i*i A«T«eii wowoor 293 u 30 S m 3143 m Amflatf W*****9 1*2,686 words
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Article196 1998-04-14 22 Ven Sreenivasan - WARRANT WATCH -•f Ven Sreenivasan DESPITE the general slump in the broader market, the Clob-quoted Kulim Bhd stock has managed to remain relatively steady at above $1 in recent months. The property and plantation company also has a warrant which is traded here on Clob. The196 words
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Article1769 1998-04-14 22 Timnsart ion <1 11♦ /Ypi •r mm M Ml «W Mr Mr VM IM M Cap c— mm cmmrn at v- rmm w» t— —nr «*> cw m m at 1000 /ynjOf *XS 203 MS M §5 M 10 U U 343 97.7 6SJ ttS m ***** AMOS1,769 words
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6260 1998-04-14 23 Transaction date Apr 13 j Gr Or M Wt 1998 Last Vol My L*» Out* J5!! *2 «J5 l2 mH Hm> Law 5tMa Ci—my Satt COOOt xm> Law 8nyf «—«r cw w» rTlc M9USTRIALS *H #»H—i 43 145 1020 ACE Dynamic s60<... 31 -156,260 words
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Article1055 1998-04-14 23 Or Or M Wt 19*8 Last Vat Day LaaltwH M* M* VM Mat Cap A*a H» Law KWa CawpaT «a>a fOOOl H» L— fcr* l*r Cw Wl Wi Ww 134 *2 d 2000 A8ftHM«SSc *>4 100 105 44J It3 243 76 a 204* AS Aula N>C 190 -5 tt1,055 words
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STOCK EXCHANGE OF SINGAPORE
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Article211 1998-04-14 24 IW. w— •M Resources 8,827.000 'Umphoenix 7,031.000 *RenongBM50c 6,157,000 *Refcapacific Bh 5,820,000 SingTel ISc 5,181,000 CSCHIdgslOc 4,889,000 DBS Foreign 4,465,000 Brilliant 8c 4,182,000 •*Bf Capital 3,731,000 pes Ft 2,974,000 Stocks DBS Foreign 51,959,772 SPH 15.111.783 SingTel 15c 14,338,849 0C8C Foreign 12,643,487 City Dev 50c 11,193,922 SIA Foreign 9,488,123 DBSFR 9,139,320211 words
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Article, Illustration665 1998-04-14 24 Ven Sreenivasan - STOCK MARKET COMMENTARY Focus falls on region's economic ontlook; signs of selective buying of bank and property stocks Ven Sreenivasan THE Singapore stock market saw another day of lacklustre trading as investors shrugged off a general strengthening in the regional currencies toChart info from Bridge - 665 words
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Article, Illustration59 1998-04-14 24 Shiv Taneja - -b Shiv Taneja NORTH Borneo Corp dosed over 10 per cent tower yesterday, down 34 cents to $3.04 on a volume of 1.4 million shares. Its 10-day traded average is 728,000 shares. In the near term, the counter will trade sideways, but in the longer term the outlook59 words
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ON THE GRAPEVINE
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Article144 1998-04-14 24 ONE sign of renewed activity in Indonesia's financial markets Is that research analysts are re-building links with journalists. BT's Jakarta bureau has received research reports from four local broking firms over the past week while analysts, who had all but vanished during the recent turmoil, are144 words
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Article75 1998-04-14 24 THE Cricket Club takes the concept of finger food to a ridiculous extreme. A colleague was there yesterday just before lunch, but since the lunch service wily starts at noon, he deckled on a quick snack —some finger food, to be precise. When he asked for a fork,75 words
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Article116 1998-04-14 24 THERE is a commonly -held belief that salemanship is not a strong suit of most Singaporeans, but that's certainly not true at American Express Bank (AEB), where Singapore took top honours at the Great Achievers Award for Sales Excellence in 1997. A total of 21 people from116 words
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Article95 1998-04-14 24 WHILE on the subject of American Express, we understand that die much talked about credit card from American Express International may finally be launched some time around June this year. J It was reported last March thai Amex had got approval from the Monetary Authority of Singapore95 words
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Article115 1998-04-14 24 THE game of musical chairs in the legal sector continues. Latest to change chairs is AljuniedGßCMPTohSeefUatwhohas quit Arthur Loke and Partners to presumably beef up the information technology law practice at Tan Feng Chin Partners. Dr Toh, who graduated inlaw from the National University of Singapore in 1982115 words
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Article86 1998-04-14 24 FROM his 17 years with NTUC Fairprice, forma* chief executive Lim Ho Sang g§ recaQedahumoroua incident he would never forget Mr Urn, who was featured in Singapore's Very Own —the magazine marking the 2Sth anniversary of the supermarket coopaattw recalled walking around the supermarket one day when he86 words
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Page 15 Advertisements
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Advertisement202 1998-04-14 15 afej When It's Number One. It's Worth Waiting For. a r The Superb New Titanium V' T3OINF Driver from S-Yard. /j Never before has club been so highly f acclaimed, winning numerous accolades Ls and bringing tremendous joy and satisfaction to discerning golfers on every fairway. *0 S-Yard has become202 words
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Page 16 Advertisements
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Advertisement182 1998-04-14 16 TXCLUSIvt 3 TheßusinessTimes Plaza It's time to reward your secretary for her diligence and commitment. Tell us why she should be treated to an all-expense paid luxurious weekend deluxe suite stay for two at the J R yal Crowne Plaza Singapore. And be pampered like a star with limousine pick-up,182 words
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Advertisement89 1998-04-14 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement91 1998-04-14 16 I Keppel Bank of H Singapore Limited H Announcement I Foreign Shareholdings Pursuant to article 44(4) of the Bank's Articles of Association, Keppel Bank of Singapore Limited hereby announces that as at 31 March 1998, the percentage of foreign shareholdings in its issued share capital was 8.5%. This includes the91 words
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Page 17 Advertisements
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Advertisement1016 1998-04-14 17 I I I MCLland I I MCL LAND LIMITED I I NOTICE OF ANNUAL GENERAL MEETING I I NOTICE IS HEREBY GIVEN that the Thirty-Sixth Annual General Meeting of Ma Ijnd I Limited will be held in the Degas Monet Suites, Ist Floor, The Oriental, Singapore, 5 Raffles Avenue, Marina1,016 words
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Page 18 Advertisements
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Advertisement24 1998-04-14 18 HONE SWEET HOME Si 11 8- f B I ga I g Open the pagee of The Straits Classified to find your dream home.24 words
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Advertisement20 1998-04-14 18 B I'm a car dealer. The Straits Times Classified hetps to accelerate my business. 1100-737-1166 Can Today For Route Toroonow.20 words
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Page 20 Advertisements
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Advertisement285 1998-04-14 20 Ttawgfcftfcj Sydney and Wellington marketswere closed yesterday BUY*' SELL* JPP Classified ads make finding a job an easy chore. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 1 1 FREE 1800-737-1166 TSI Call Today For Rosilts Tomorrow. Visit The285 words
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Advertisement13 1998-04-14 20 See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts13 words
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Page 21 Advertisements
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Advertisement14 1998-04-14 21 Making smart education choices begins with The Straits Times i Classified. L—— LJ $j_14 words
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Page 22 Advertisements
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Advertisement27 1998-04-14 22 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE CITI NEVER SLEEPS Branchci at I Shenton Wiy 268 Orchard Road27 words
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Page 23 Advertisements
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Advertisement7 1998-04-14 23 than dreams ACCIDENT amM of//u pAST ——————————-—5—-—J7 words
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Page 24 Advertisements
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Advertisement412 1998-04-14 24 mTCTinggg Notices To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TATBEN CEREAL OIL PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50412 words
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Advertisement337 1998-04-14 24 NOTICE IS HEREBY GIVEN that, I Lim Teck Kim of Blk 280 Choa Chu Kang Ave 3 #12-366 Singapore *****0, have applied for a Retail Liquor Shop Licence in respect of M/s Full Luck Minimart located at Blk 6 Holland Close #01-18 Singapore *****6, and that this application will be337 words
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Advertisement117 1998-04-14 24 In business, t being at the right place at the right time with the right crowd is critical. Our Special Features can help you get there. The right place, because the editoral focus complements your advertisement. The right time, because our special features arc specially planned to coincide with specific117 words
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SHIPPING TIMES
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Article279 1998-04-14 25 Contributed by Simpson Spence Young WHILE there are few interesting deals reported this week, there was increased activity in the Panamax bulker market. The 1983 built United Hope was said to be working at something just over US$7 million, with special survey due soon, however more interest wasContributed by Simpson Spence & Young - 279 words
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Article264 1998-04-14 25 a CWT Distribution 0.80 Oman Hup 0.50 unch 33 Case* Invwtmorrt 0.78 -0.03 FraMit Links 0.32 unch 104 CBHeMnqs 0.315 unch 34 H*4 Sun Hup as* -OCT 94 h«ucn zomt are *0.005 541 IMC HoMnjS —HK 5.60 Jaya HoMSnqs 0.585 *0.045 30 Jurona Shipyard 8.00 -0.15 58 KappalCarp264 words
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Article, Illustration468 1998-04-14 25 Felix Chan - China took third place in terms of contracted tonnage last yean Fearnleys By) Felix Chan [SINGAPORE] South Korea leapfrogged over Japan last year as the world's largest shipbuilder in terms of contracted tonnage while China emerged as the world's third largest shipbuildingFILE PHOTO - 468 words
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126 1998-04-14 25 AFP [HONGKONG! Hongkong shipping and industry associations are calling on the government to change the way terminal fees are charged, the Federation of Hongkong Industries said. The shippers and other industry groups are urging the return of a "flat-rate" charge to avoidAFP - 126 words
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Article, Illustration312 1998-04-14 25 Reuters ILONDON) The United Nations maritime affairs agency warned shipowners who fail to comply with new ship safety standards coming into force this summer they will face tough action that could cripple them financially. The warning from the International Maritime Organisation cameReuters; FILE PHOTO - 312 words
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323 1998-04-14 25 Lloyd's List [WASHINGTON] Tensions between Washington and Beijing look set to escalate as US' flag shipping firms begin preparing a demand that the Federal Maritime Commission retaliates quickly against the Chinese flag. The growing row follows the breakdown ofLloyd's List - 323 words
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Article, Illustration301 1998-04-14 25 AUSTRALIAN DOCK TURMOIL (SYDNEYI Thousands of supporters of sacked dockers were expected to gather in Sydney yesterday to prevent cargo unloaded by non-union labour from leaving the wharves. "There are going to be thousands out here the cargo will rot on the wharf,"AFP - 301 words
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Article, Illustration474 1998-04-14 26 HONGKONG Henderson's Chinese junk in HK's waterfront would rival Hutchison Whampoa's cruise-liner in Hung Horn Bloomberg [HONGKONG] Hongkong Ferry Holdings plans to build a 150-metre tall Chinese junk on dry land right in the middle of Hongkong's downtown waterfront. Its preliminary approval from Hongkong's MetroBloomberg - 474 words
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235 1998-04-14 26 PACE Djak Lloyd 9 ACl 9 Dongnama 3 AML 3 "I 5 Accord 8 6 Appensftp 5 Eurohans 6 Astro 3 Ewf reefl 6 Austral 9 8 BSA T OUnk 4 BatamirxJo 7 J""?™ Bavs*ater 8 9 rZita HaiSunHup 8 CoT 7 H4ng235 words
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Article22354 1998-04-14 34 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga Talaphona ETA ETA Vassal Voyaga SIN Dast'n Nama Nama NumOar Numb* SIN Dast'n Nama Nama NumOar Numoar 30/04 07/04 Siftroutt HYUNDAI COMMODORE KW 45-*****22 TO BARCELONA (BCN) 2042 To ABIDJAN (ABJ) 2003 Spa/n Ivory Coast. Cote D'I voire /04 07/05 CMA22,354 words
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SHIPS IN PORT
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Article749 1998-04-14 39 Vtntl Voy No Bftti Arrtwl Dtprtur* Armada 5 33 '35 13 <H7000 H AMI *****6 J01 Hongs** I3.04/M00 KKJlyl Apr 13 J01 aloogsidt 14.04/0300 It GoMm *****8 J01 ikxxjvd* It HaMwa* !Aprt« J01 atansida '?®V3S® M Haripan J Apr4 J01 alonqsid* H HUM I *****6 *1 akmgsid* HHSS?749 words
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Article1775 1998-04-14 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/BaUnc* litis Ship Voy No Etb/Btr Ptrtod f-ow To From Contr UMTS B/OTOO M O/BOO U/M5* Q/BOO Act C«*r w IVBOO O/ltSt Q/BOO u q/boo m/o*s* m/o*oo 21 0/1700 M/043* M/0*00 14/0700 MM* WMM 4 M/1200 M/MS* M/T700 UaiMvi 21,775 words
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Article198 1998-04-14 39 Apr 17 Greece: Orthodox Good Friday. Apr 20 Greece: Orthodox Easter Monday. Apr 28 New Zealand: Anzac Day. Apr 27 Australia: Anzac Day Holiday. Apr 28 Brunei: Hijrah. Indonesia: Islamic New Year Muharram. Malaysia: Muharram. Apr 22 Japan: Greenery Day. AprM Finland: May Day Eve. Netherlands: Queen's Day.198 words
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Article925 1998-04-14 39 THIS report, compiled by Cockett Marine 0U Ltd, (how* price range* In US dollar* Instead of (ingle price* for a more comprehenalve description of the market. Price* shown are baaed on average-sized stem Market movements are Indicated. The Cockett Bunker Price index change and the Individual925 words
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Article378 1998-04-14 39 CartM MO Max MIS 2.0 17.4 031 123 0.09 > Matv hiifci Ask AJumMmi SiMNt M abovt £25 1 2 4 1 £E-i 2^22—_— >w MO AM 985.9 OJ H.i 0.06 M 0.02 taZ 300 Mu 992.9 0.9 19.9 0.13 64 0.07 M/W3 %»A »M/» —<**378 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration417 1998-04-14 40 Marcus Hand - Despite regional crisis, doable-digit growth expected this year By Marcus Hand [SINGAPORE] Federal Express (FedEx) is continuing to see strong growth in its third party logistics business in Asia despite the region's economic woes. William Conley, Fed Ex's vice-president for logistics and electronic417 words
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206 1998-04-14 40 Felix Chan - By Felix Chan [SINGAPORE] South Korea's Asiana Airlines will stop direct flights to Singapore as the Asian economic crisis takes its toll but said it will maintain a presence in the market by codesharing on Singapore Airlines (SIA) flights between Singapore and206 words
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278 1998-04-14 40 But analysts are sceptical of Korean carmaker's forecast Reuters [SEOUL] South Korea's crippled Kia Group yesterday said its flagship automaker would show a profit of 150 billion won (*****.5 million) this year, but analysts said such optimism was unfounded. Such anReuters - 278 words
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262 1998-04-14 40 AFP [TOKYOJ Striking pilots at Japan's All Nippon Airways Co Ltd (ANA) forced the cancellation yesterday of six international flights as their action moved into an eighth day, officials said. The cancellations disrupted travel plans of 1,400 passengers, bringing the total impact ofAFP - 262 words
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Article, Illustration45 1998-04-14 40 [NEW YORK] Dick Colliver, executive vice-president of Honda, unveils an all-new 1999 minivan at the New York International Auto Show in New York. The yet unnamed model received its world debut at the show, which ends on April 19. AFPAFP - 45 words
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Article, Illustration393 1998-04-14 40 AFP [COLOMBO] Sri Lanka's privatisation agency on Sunday took out advertisements to defend the sale of a stake in the national airline as the main opposition vowed to abrogate the deal if they return to power. The Public EnterpriseAFP - 393 words
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Article141 1998-04-14 40 Reuters [SHANGHAI] Shanghai's airport reopened yesterday after a Thai Airways jet overshot the runway on landing on Sunday, forcing a halt to air traffic, officials said. The Thai Airways International MD-11 was said by local media to have been carrying about 300 passengers from Bangkok when itReuters - 141 words
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Article1605 1998-04-14 40 an man no man era ens 2ns saa* w» Abu DhaM 6*975 1035 Maad VH74I 1310 VW740 WW cm* 2300 _j i nw aa AMaMt IA7381 1930 BA7382 2055 Hit Tal AI422 515 TG408 1635 Of81 1930 0f82 2055 T6407 1540 MI896 1815 S0229 2220 MM951,605 words
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Page 25 Advertisements
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Advertisement22 1998-04-14 25 Hongkong tycoons vie for biggest ship Henderson's Chinese junk in HK's waterfront would rival Hutchison Whampoa's cruise-liner in Hung Horn. Page 222 words
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Advertisement316 1998-04-14 25 0M Federal Express has appointed Luis Perez as managing director, business development, for FedEx Logistics, Electronic Commerce Catalogue division, and Ken Hisamoto as business development manager of the company's South-east Asian region. Both Mr Perez and Mr Hisamoto are based in Singapore and have been with FedEx for Tl years316 words
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Advertisement23 1998-04-14 25 Fed Ex's Asian logistics business continues to grow Despite regional crisis, double-digit growth expected this year. Back Page Editorial, Pg 12 Main Section23 words
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Page 26 Advertisements
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Advertisement740 1998-04-14 26 ISHaAPOMCII I MfIACMBXPHMt (WOQ vpsa vot I OM 1 WW 1 SIA u an vtssa vov ma mm mm m an wo si aumsamtia oiwsm M/mvmat) u/u PiONOuoYowiAJ Ist v/u m/u m/u u/m m/u is/m u/m KYI VIRGO 061 03/04 05/04 06/04 0/04 ,4/04 20/04 2,/04 *gL *****51 iff 35740 words
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Advertisement627 1998-04-14 26 XeSen, A Members of the b y Members ot the Registry of r«i m at.lt Singapore Freight Forwarders Accredrted Shipptng Agents aUtf Association Singapore Shipping Association Retrieve More Information On Sailings 24'Hours-a-Day Through Our Fax-on-Demand System from The Shipping Guide To Use This Free Service, Just Call 740-6000 EXPORT 3627 words
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Advertisement958 1998-04-14 27 1 SAX SERVKE (DIRECT) 1 Ivcsa wr aim |ux oak m hdu 100 q*~_gL___2jL— mnawuoßi "om Q6/os 21/tts 25/ os 25/05 2*/ os 26/05 g/g—g/»—g*L_ Ansne M i 578 aflT" oi/Qfc 01/06 02/06 «/»—«£l_ 02/06 AfISAMOMTX 0031 20/05 04/06 01/86 00/06 00/06 »£6 Wg ££L_ mnmmiM om 27/ os 11/06958 words
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Advertisement1706 1998-04-14 27 I Gh HANJIN SHIPPING HANJtN SHirfING (S) PTt LTD //mm. km* m> MOOHC 37M73S 737 SAUS 37*0774 731 DOCIMMT *****71 774 OrOAIKMS 37*0741 757 MAIM UK *****55 Ml Ttm4o CI ft 1 **********N I TO NW USA A CANADA USA CANADA* Mva/vor |mi "siT" uwehmr/vot a* nw o» m at1,706 words
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Advertisement344 1998-04-14 27 "Ta! JOU 00/W 10/ M 17/ M 14/04 15/04 fflffiiMC I ffjc I flffi B¥| OOWAWA OSS OS/M 07/04 05A 00/04 12/04 14/04 14/04 17/04 Sif uffiil I if/fi 111/ ft jj/K| WHSSHOOII JOS«_ ]0/M 17/04 If/04 71/04 72/04 |MIM|BHw IBsMIE^I IMTC gaunt WIS 12/04 14/04 Mil 15/04 U/M 71/04344 words
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Page 28 Advertisements
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Advertisement1253 1998-04-14 28 C DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MkuimaKRANEAN/CANADA 1 Htm VOY m' LBt rtm urn mm loav Ifu II vessel WT m -°!L. JgL. gL. g!L- HANJMSAVANNAH WOOII 10 94 01 05 02 06 30 04 01 05 01 06 PATMOS SENATOR WMOIO "2 »2 MM 15 05 17 001,253 words
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Advertisement1334 1998-04-14 28 M Y IWUfcME LJNE YML lnt»rn*t W»b Srt« http: //www.yml.com.tw /l*Abk£il4±* ft*.• «i inMnmwvm.9AMi\mmmKMwmmTmxwTnMTnm!immiii ARRIVAL RKD dayti* SOAY VESSEL vor LEH FXT HAM AMR HFA SIN DOVER BRIDGE ABOB SID SID SLD SLD SID 14AM MING STAR ABo9€ SLD SLD SLD SLD SLD 21/04 MALACCA BRIDGE ABIOE SLD SLD SLD1,334 words
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Advertisement454 1998-04-14 28 LINE SSf A. tiii a«t34s« paxs assail 2 1 MUARA ~i LABUAN H vtssu voy rro ha vissa vor no m SPOtl WW* SfORI UN iraosrat vin/h 17/04 jo/m vm/jj 17/04 21/jM imOOtY VIK/n 22/04 25/04 yWIOOtY V 01/90 22/04 M/ 04 IPMSTB VIII/ 90 26/04 21/04 V |/J0 24/04454 words
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Page 29 Advertisements
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Advertisement1415 1998-04-14 29 [vessel voy sin I pou 1 pko I pen I blw I sur I pub ba bik H IRAN VOJDAN PJL 1278 18/04 25/04 MALACCA QLORY PJL 1285 14/04 23/04 IRAN GHEYAMAT PJL 1270 24/04 °'/05 IRAN VAHDAT PJL 1284 12/08 21/05 22/05 IRAN TAKHTI PJL 1288 10/05 28/05 20/051,415 words
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Advertisement1508 1998-04-14 29 SAILING 1 TO SHANGHAI XINGANG J I SINGAPORE'S GENERAL AGENTS: tSHENTONWAY IB: Itt 1900 FAX: *****08 OUTWARD (1/U <205*02 JOWORE WKE: I COSTAR SHIPPING PTE LTD #i7-oa ms iidg saus/mgs 4205M1/43 inward dept id/0) *****85 COSTAR AGENCIES (M) SDN BHD «Nfr *****M0000M TOWW TWO (06tl09) CONVENTIONAL 420M50/55 T/SHPMT PCPT 4205A251,508 words
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Advertisement549 1998-04-14 29 •i——-, EASTERN CAR UNER, Llfc'TißßSr l_fc] Eg (SINGAPORE) PTI lIP SPEQAUZt IN RORO HEAVY LIFT UPTO 122 TOWS ECI (SINGAPORE) PTE HO LOADING FOR YOKOHAMA OSAKA YANOON CHITTAGONG MV "CORAL HERO" V.6 MV "OCEAN BRAVE" V.B ETA SM 23/04/98 ETA OSK 02/05/98 ETA SIN 25/04/98 nc) t/M ETA YGN 30/04/98549 words
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Page 30 Advertisements
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Advertisement432 1998-04-14 30 r a EVERGREEN Full Container Service I RTW SHIPPING IS* PTE LTD M SIA Agents: GREEN PENINSULA AGENCIES SDN BHD 333 UIAN IBAB SHAH AtAW TEL 03 *****66 FAX: 03 *****16 SINGAPORE *****8 KUAN'AN Tit 00 SBl/366 FA* 0" S8 36 M 6 BKG DEPT DID *****62 *****63 *****01 PORT432 words
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Advertisement817 1998-04-14 30 A. MAC-NELs SPORE MSIA Carrier: MN CONTR LINES, INC f\ Z /\r~ I cm NO. IKOCTWMOM SIBU: (084) *****# MANILA: (632) *****24 Ow X PENANG: (04) *****38 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCXNQ (082) *****1-3 MANILA CINOA/BARCILONA MV "PIYA817 words
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Advertisement396 1998-04-14 30 NANTAI LINE FULLY CONTAINERISED SIRVKI TO MAURmUS SOUTH AFRICA vessel VOT I sw 1 rui I DU» I err »/wT WAJfIAI YENUS V.024S 14/84 72/04 Ml 30/0S 83/05 GOLDEN DUGON HOOIS 21/04 30/04 85/05 01/05 NANTAI ftMKESS WIS 30/04 14/05 17/05 NANTAI QUEEN <0275 W/OS 17/05 22/05 24/05 21/05 IlllWy396 words
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Page 31 Advertisements
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Advertisement331 1998-04-14 31 BSfl il M MYANMA wBBk FIVE STAR LINE r (Myanmar National Una) Loading for Yangon (Rangoon) VESSIL VOY SIN PKG PEN PGU PAGAN 254W SLO I AGO 101W IN FT MALAYSIA AUNTS: 10USTEAD SHIPPING AGENCIES Kill: TU 02-03-*****00 PKL TIL 02-03-*****01 PEN: TO 02-04-*****02 PGO: Til 02-07-*****21/4 BANK LINE (A331 words
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Advertisement1185 1998-04-14 31 I HYUNDAI MERCHANT MARINE CO. LTD. sgj yoY TT SOU 181 HTM ANT HAM BRV Fft VESSEL VOY SOU UH RTM_ ANT HAM _WV FEL_ WW U/M 04/05 ***** ***** MM3O« 27/03 28/03 22/03 24/03 14/04 WW ll MOl 05 09/05 05/05 HY COMMODORE 31 IE 25/03 28/03 26/03 16/041,185 words
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Advertisement1053 1998-04-14 31 norwegion speco'tzed outocamen Q&3(O](3 am mm un£S TO NORTH AND LATIN AMERICA ™R0 HEAVYUFT SERVICE" [vfSSCL VOY RAMP HEIGHT SIN LAX CRI MIA SAV BAI OftF NYC NEW MOB TAMPA FWT~ 400 TOM 6.3 M iW 10/05 WO5 2276T 24/05 26/05 2T7OT 21/05 02/06 06/06 TAUIOT F#o9 400 Tow 6.31,053 words
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Page 32 Advertisements
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Advertisement712 1998-04-14 32 BAMQKOK/LAEM CHAIANQ JAHABTA/PANJAHO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN SINO MARINE MRN349 In Pt 17/04 DEJA BHUM 743S ln R 17/04 KITI BHUM** 49N In Pt 17/04 MATHU BHUM ***** 16/04 18/04 NANTA BHUM 389N In Pt 18/04 17/04 MATHU BHUM 362S 16/04 18/04 PIRA BHUM712 words
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Advertisement424 1998-04-14 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 ■Ca TLX: R*****5 SINMER ■fV CR No: **********0W Receiving Cargo at PTI Bifltulu I Minn I VESSEL VOY SIN |TU msa VOY S« I Woit V 9805( 18H/W 24/04 «Gold V9807E 14-17/04 22/04 I Sew WBOBE424 words
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Advertisement829 1998-04-14 32 a ACCORD A SHIPPING PTE LTD TEL: ***** IS (40 Lines) FAX *****30 tOUTKUMC (03)367 1001 B W DIRECT ACCESS TEL S667SSS (EXPOKT BOOKING) MS* OUDAHC (07) 351 1177 *****34 (EXPOtT DOC), *****39 (IMPORT) HNANG (04) *****41 URL:HTTP://WWW.ACCORD.COM.SG JAKARTA (71) *40 0770 POtT m SIN ROW ilk SIN PORT ITA829 words
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Page 33 Advertisements
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Advertisement337 1998-04-14 33 gSj DJAKARTA IfojS LLOYD J:* a.', 1 g>y f}!:; d?*?T*T7r??^ crom M3iinnß":m|aj jf 3—a i. i nnnac 82C2 BIEDEIEHESH jTQQSfIHKI QK« HSd DC OE3E3GGDGB 2E1033ECK231H01 HBhBBHBBHH CR NO **********00 SINGAPORE SELATAN MARITIME PTE LTD TEL *****57 FAX *****59 SALES ISKANOAR SHAH PGR *****361 SEBASTIAN TAN PGR *****912 GEORGITAN PGR *****721337 words
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Advertisement943 1998-04-14 33 ADVANCE CONTAINER LINES (PTE) LTD JL I Z 140 Cecil Street, #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX *****19, TELEX :RS ***** ACL PL W CR NO. **********0E OPERATIONS: *****6 a *****05 BANGKOK JAKARYA MM S SIM PAT/2 Slgs LCH/1 Slg BMT7SGZ) (> S»iIUH«/WM» uriv **1 VESSEL VOY SIN943 words
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Advertisement554 1998-04-14 33 rTTT COMPAGNIE MARITIME V<®\ D AFFRETEMENT FULL CONTAINER SERVICE CR NO **********0Z TO: UK NORTH EUROPE WEEKLY SERVICE TO: WEST MEDITERRANEAN FIXED WEEKLY SERVICE NCLUDING NORTH AFRICA) r||lSEggS rfi rv'i TO: EAST MED BLACK SEA FIXED WEEKLY EXPRESS SERVICE s''-V« ■■'/-'•■KPV.-J i', iN.;jyi'.'. grrr» ■rrr 2 h I Z □nXZMOi554 words
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Advertisement53 1998-04-14 36 To retrieve more schedules, just follow these simple steps... a Step# document #> ial 740-6000 6P be faxed ij|r mM WBoyou* Press"l" the port Snteryour Ste ste P key in the four hone number digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 United States53 words
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Page 39 Miscellaneous
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Miscellaneous135 1998-04-14 39 LEGEND: R Thunderstorm Temperature o Q X\ A sho W#r Weather ~y Wmd direction with spaed in knots Rom Cloudy Sky Wov# h M Surface wind* ore indicoted by orrows which Hy with the wind Q One M circle represent* calm or light and variable wind* One hoM Meche represent*135 words
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Advertisement114 1998-04-14 40 In rcieiNc information trom ail\crti>cr ot vour ihouc listed oil litis Minplx follow the t e.is\ steps below. I R n I I. rly ,i Hrj 1 BgM| I V-iiruK Singapore's First And Only Digital'DirectConnect'Service. Most analogue walkie-talkies are like old handphones with poor voice quality are bulky heavy and114 words
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