The Business Times, 1 April 1999

Microfilm: NL21482
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 Rffl BusinessTimes MITA lyfsSkzMl 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, APRIL 1, 1999
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  • Article
    MARKET SUMMARY
    68 1 Q iota (+0.23) n IT-SKI U Mtt (-3.46) nsnsanmnEs mm sum (-0.80) n MilKEr HOODs mm Komi STOCK HA1KET INDICES Wednesday Change KLSECOMP ***** +416 NIKKEI *****69 3163 HANO SENO *****20 «1JI SET INDEX 362.01 -7.71 JAKARTA OOMP _Ooaed MANILA OOMP —*****1 +1119 TAIPEI WPI 1881.72 -1194 SEOUL
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  • Article
    FINANCE
    81 1 FOREX BATES us$ ss USS 1.730 £(USS/SS per 1.609 1783 EURO (USS/SS per B) 1.174 1.868 DM L821 0460 YEN 120.0 1.442 RM 1800 0.466 HKS 7.760 0123 BART 37.04 0.046 RUPIAH 8,716 0.020 •SftoMunki PUKE BATES SINGAPORE* L825 KlIALA LUMPUR IliO JAKARTA ..ji 1 28.00 BANGKOK 14.75 MANILA
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  • Article, Illustration
    NOL posts its biggest loss ever of $438m
    845 1  -  National shipping line trims second-half loss and looks to 1999 profit By] Marcus Hand [SINGAPORE] Neptune Orient Lines (NOL) suffered a record $438 million loss last year, but said in no uncertain terms that it should henceforth sail into profitable waters. The
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  • Article
    Bank Negara gets more teeth to enforce bank mergers
    906 1  -  From'. Ruth Wong, Diana Oon Abdullah in Kuala Lumpur Malaysia's central bank yesterday moved aggressively to enforce mergers among banks and finance companies by cutting off funding from inter-bank sources and introducing controversial performance appraisal for chief executive officers. Among a
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  • Article
    S&P makes dramatic U-turn over Indon sovereign debt
    484 1  -  Agency backtracks on junk bond rating after only one day Froml Shoeb Kagda in Jakarta A DAY after it relegated Indonesia's sovereign debt to the junk bond category, international credit agency Standard Poor's dramatically reversed its decision yesterday. Not only did it
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  • Article
    1998 corporate earnings plunge 90% to $508m
    823 1  -  Average profit per company of only $2.6 m for 193 firms with Dec year-ends By Ven Sreenivasan [SINGAPORE] Total earnings of the 193 companies which filed their 1998 full-year results dived nearly 90 per cent to $507.9 million a much more drastic fall
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      144 1 DBBPE Ttngfc day in ewrt Indonesian businessman Johannes Kotjo admitted in court yesterday that he deliberately flouted the Stock Exchange of Singapore's rules on disclosure, Pi IB M rates unchanged Federal Reserve policy makers yesterday kept borrowing costs unchanged and signalled that they see little change inflation will accelerate in
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      8 1 Bank Negara sees 1-2 economic growth, Pg 7
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      93 1 1996 Corporate Earnings Ranking, Pgt 18 Al9 IPC's loss widens to $295 m, Pg 16 Other corporate results, Pgs 16 17 Hochstadt to step down, Pg 15 In TOMORROW'S BT With deposit rates falling, is cash still king? How the Thais are finding new business opportunities despite the economic crisis
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Gas supplies to Jurong Island not expected to be delayed
      570 2  -  EDB chief says S'pore not involved in laying of West Natnna gas pipeline By\ David Boey CONCERNS expressed by Indonesian legislators over the tendering process for an Indonesian natural gas pipeline are not expected to delay gas supplies to Singapore's
      SIEW YAW HOONG  -  570 words
    • Article
      S'pore-Thai industrial estate project gets nod
      535 2  -  Work on USs7oom project may start in September From Harish Mehta in Bangkok THE flagship US$7OO million (Ssl.2 billion) Singapore-Thai industrial estate project in Thailand has been given the green light to proceed after being delayed by the Asian economic crisis and environmental concerns.
      535 words
    • Article, Illustration
      Lock icon Feb loans growth rose by 5.5%
      279 2  -  EYE ON THE ECONOMY Bank loans By i Clarissa Tan LOANS growth rose by 5.5 per cent year-on-year to $149.9 billion in February, down slightly from January's 5.9 per cent. Adjusting for the inclusion of POSBank data, loans growth would have fallen by 2.4
      Source: MAS  -  279 words
    • Article
      Bid to boost SingaporeONE
      292 2 Centre formed to help firms create richer content A NEW initiative to prod companies to create multime-dia-rich applications, services and programs on the SingaporeONE broadband network was launched yesterday by home-grown Kent Ridge Digital Labs (KRDL), with support from the National Computer Board (NCB). Called Advanced
      292 words
    • Article
      Companies Act flexible enough
      354 2  -  MAIT.BAG Ms Juthika Ramanathan Registrar of Companies and Businesses TAN Bien Chuan ("Rough justice for venture capitalists", BT, March 30) wrote on the laws relating to company directors' responsibilities. Mr Tan proposed that newly incorporated companies be given an option not to submit annual returns for
      354 words
    • Article
      Report non-injury traffic accidents directly to insurer
      220 2 FROM next month, motorists involved in non-injury traffic accidents can report directly to their own insurance firms. Under the new scheme introduced by the Traffic Police and the General Insurance Association of Singapore (GIA), motorists in such accidents need not lodge a report
      220 words
    • Article
      Brent futures to go electronic
      231 2  -  By\ Soh Tiang Keng THE Singapore International Monetary Exchange (Simex) and the London-based International Petroleum Exchange (IPE) have agreed to replace their present mutual offset link with a screen-based electronic trading system. Both exchanges announced last night that the new in-principle agreement wUI allow the
      231 words
    • Article
      NCS wins $12m IT contract for population census
      309 2  -  By. Anna Teo NATIONAL Computer Systems has won a $12 million contract to provide IT (information technology) services for the Census of Population 2000. The permanent secretary of the Ministry of Trade Industry, Khaw Boon Wan, and NCS chairman Lee Hsien Yang
      309 words
    • Article
      For sale in Q2:11,000 HDB flats in non-mature estates
      355 4  -  Average selling prices will be up to 7% lower than in Q1 By: David Boey JUST over 11,000 new Housing and Development Board (HDB) flats in non-mature estates will be up for sale in the second quarter of 1999 under the
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    • Article
      Two years to go before rent control laws are repealed
      253 4  -  By Corinne Kerk THE Ministry of National Development yesterday reminded owners and tenants of premises under rent control that there are two years left to the repeal of the rent control legislation. This follows the government's announcement in April 1997
      253 words
    • Article, Illustration
      Lock icon HQ awards for WR Grace, Beloit Asia Pac, Unilever and BOC Gases
      150 4 FOUR companies were yesterday granted headquarters status by Economic Development Board chairman Philip Yeo. Beloit Asia Pacific Pte Ltd, a subsidiary of US-based papermaking machinery and systems supplier Beloit Corp, and WR Grace Singapore Pte Ltd, a subsidiary
      CHRIS LOH  -  150 words
    • Article
      Nippon Steel to end active involvement in $1.3b chip plant
      502 4  -  However, it will retain its 35% stake in Tampines plant By] Louis Beckerling JAPANESE steelmaker Nippon Steel has decided to quit its active involvement in a $1.3 billion joint venture chipmaking plant in Tampines that it shares with Hitachi Ltd
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    • NEWS Roundup
      • Article
        Shorter waiting period for citizenship
        80 4 SINGAPORE Immigration and Registration has cut the waiting period for permanent residents to qualify for citizenship to two to six years from two to 10 years. The change is effective from today, and also includes a shorter average processing time for citizenship applications of three
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      • Article
        ISO certificates for 200 organisations
        49 4 SOME 200 organisations received ISO certificates from Trade and Industry Minister Lee Yock Suan at last night's Productivity and Standards Board awards dinner. This year marks the 10th anniversary of ISO 9000 certification in Singapore. Since 1989, more than 2,500 certificates have been issued.
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      • Article
        Fujitsu unit sets up plant here
        41 4 FUJITSU Quantum Devices yesterday set up its first overseas manufacturing plant here. The compound semiconductor devices maker, a wholly-owned subsidiary of Fujitsu Ltd, will invest US$23 million (5139.8 million) here over the next five years.
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      • Article
        NTU official heads building agency
        49 4 NANYANG Technological University deputy president Chen Charng Ning has been made chairman of the newly set up Building and Construction Authority. The BCA was formed from a merger of the Construction Industry Development Board and the building control division of the Public Works Department.
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      • Article
        Telecoms supplier body renamed
        31 4 THE Association of Telecommunications Equipment Suppliers has been renamed to reflect a wider membership base. It is now called the Association of the Telecommunications Industry of Singapore.
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    • Article
      M'sian, citing forex curbs to avoid paying loan, loses case
      542 4  -  Defendant appeals; outcome will have huge implications By\ Catherine Ong A HIGH Court judge recently threw out an attempt by a Malaysian businessman to use Malaysia's foreign exchange control laws to avoid repaying a loan given by a Singa-pore-based bank.
      542 words
    • Article
      BT's Lee Han Shih moving over to Redas
      390 4 IN a move likely to surprise industry observers, BT's senior correspondent Lee Han Shih has decided to join the Real Estate Developers Association of Singapore (Redas). Mr Lee, a long-time property market bear best known for his weekly Property Column in BT,
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      157 2 Buying Accounting Software I Demand a Y2K Certificate. I Do not take any chances! I There is hardly any time left. Ask your Financial Controller to upgrade to FACT Realtime I Accounting Software -it comes with a Y2K Certificate vnnr ]yi hr ine when you hit Jan 1, 2000. You
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      40 2 Providing A 1 1111 IT'l I cool comfort 1 CHTT NO 97 247* 1 SS ISO WOO 1 for commerical DI Hitachi Plant and industrial Tel: 222 0665 Fix. 224 8358 buildings. Email: hpcsgr«cyberway coin.sg Website at http://www hitachiplant.hbi.ne jp
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      129 3 While in Hong Kong, Kate Archer's meeting tSM Cathay pacific in Sydney was cancelled, so she stopped by a AmericanAHnes Cathay Pacific ticket office and changed her British airways Qantas tick©t for a British Airways tick©t horn©. canadi>n Airlines" How in the world does she do it? Lxtjums Mm^k revolves
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      345 4 THE COMPANIES ACT CHAPTER SECTION 290(2Kb) NOTICE OF RESOLUTION DRAQAQES SEMBAWAHQ CONSTRUCTION PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of Dragages Sembawartg Construction Pte Ltd held at 19 Keppel Road Jit Poh Building #10-00 Singapore *****8 on the 26th day of MarcM 999. the following special
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      367 4 EXECUTIVE APPOINTMENTS l<» :illu i lM t-all 1..1|-lm I,SS.< ;l ~4| 2>>S COUDERT BROTHERS International Attorneys Coudert Brothers, founded in New York City in 1853, is a leading international law firm with 26 offices worldwide. Corporate and Financial Lawyers ■HHP Singapore fIH Due to strong business growth in our regional
      367 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Nikkei ends financial year 4.2% lower
      680 5 Bullish forecast pats index at 19,400 to 19,500 points by Sept; another fixes ceiling at 16,500 AFP [TOKYO] Japan's feeble financial markets face big risks after a gloomy fiscal year that ended yesterday with stocks down 4.2 per cent and the economy stuck in
      AFP; REUTERS  -  680 words
    • Article
      Lock icon US$3.5b Thai package puts 1% growth on track: analysts
      462 5 Job creation, tax relief to spur spending won't ignite inflation, they say Reuters [BANGKOK] Thailand's new US$3.5 billion (Ss6 billion) economic stimulus package can help the government achieve its targeted one per cent gross domestic product growth in 1999 without igniting
      Reuters  -  462 words
    • Article
      Lock icon Thailand seeks more funds from Japan
      263 5 Bloomberg [BANGKOK] Thailand is in talks with Japan to secure additional aid this year, said Thai Finance Minister Tarrin Nimmanahaeminda. The country needs the extra money to finance an ambitious plan to bolster its economy through cut taxes and increased government spending. It's seeking
      Bloomberg  -  263 words
    • Article
      Lock icon HK$ peg vital as it helps to keep trade growing: Tsang
      291 5 Bridge News [ZURICH] Hongkong Financial Secretary Donald Tsang has said the Hongkong dollar's peg to the US dollar is vital for stable monetary conditions which are the basis for trade. "Our trade volume is two-and-a-half times as big as
      Bridge News  -  291 words
    • Article
      Lock icon Taiwan raises cap on foreign fund holdings
      407 5 Individual foreign ownership of single stocks also raised to 50% from 30% Reuters, Bloomberg, AFP [TAIPEI] Taiwan's Securities and Futures Commission affirmed yesterday that it was raising the ceiling for ownership by foreign funds to 50 per cent of local stock market capitalisation
      Reuters,; Bloomberg,; AFP  -  407 words
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      4 5 A ;vone a 11..?
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      305 5 British American Tobacco SINGAPORE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-Sixth Annual General Meeting of BritishAmerican Tobacco Company (Singapore) Limited will be held at the Registered Office of the Company, 57 Senoko Drive, Singapore *****6 on Thursday, 29 April 1999 at 11.30 am for the
      305 words
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      Page 5 Advertisements Column 3
      94 5 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. For further
      94 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Anwar guilty only of opposing politicians: lawyer
      474 6 KUALA LUMPUR Defence closes case; judge bars document naming officials who allegedly plotted to topple ex-DPM Reuters LAWYERS for sacked Malaysian finance minister Anwar Ibrahim closed their case in his corruption trial yesterday, saying his only crime was to oppose powerful politicians seeking
      Reuters; REUTERS  -  474 words
    • Article
      SAF, Abri links to continue: Lt-Gen Bey
      334 6  -  Close cooperation as scheduled despite Indon situation From i Shoeb Kagda in Jakarta THE Singapore Armed Forces' (SAF) close co-opera-tion and interaction with the Indonesian armed forces (Abri) will continue as scheduled this year despite the difficult economic and political situation in the
      334 words
    • Article
      Lock icon Indonesia's Telkom revises tariff details
      277 6 JAKARTA Weighted average rise stays at 15%, but lower increases on basic services Reuters INDONESIAN state-owned domestic telecommunications operator PT Telkom said yesterday it had revised a planned tariff increase which had sparked a public outcry. This is the second revision after protests about the
      Reuters  -  277 words
    • Article
      Lock icon Fresh violence in Maluku province
      169 6 AMBON, Indonesia AFP FRESH Muslim-Christian violence erupted yesterday in the eastern Indonesian province of Maluku, leaving houses burning and at least seven wounded by bullets, arrows and machetes. The two groups clashed before dawn in the south-east Maluku town of Tual, forcing hundreds of villagers
      AFP  -  169 words
    • Article
      Lock icon Pig virus: five more deaths
      147 6 KUALA LUMPUR Reuters MALAYSIAN health officials yesterday reported five new deaths as authorities struggled to wipe out a worsening viral epidemic linked to pigs that has killed 76 people. All of the latest victims worked or lived on pig farms in the worst-hit central state
      Reuters  -  147 words
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  • BANK NEGARA ANNUAL REPORT
    • Article, Illustration
      Economic growth forecast at 1-2% this year
      1016 7  -  Figure near 2% possible barring external events; pick-up only in H2 From. Ruth Wong in Kuala Lumpur MALAYSIA'S central bank has forecast economic growth of between one and 2 per cent this year after a 6.7 per cent contraction in 1998. While the
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    • Article, Illustration
      Lock icon M'sian interest rates expected to fall further
      657 7  -  Lower inflation, lower fiscal spending seen easing pressure From Eddie Toh in Kuala Lumpur INTEREST rates are expected to ease further due to lower inflationary pressure and a slightly smaller fiscal package to jumpstart the economy in the next two years, according to
      Source: Bank Negara  -  657 words
    • Article
      Structural reforms to continue
      561 7  -  M'sian bank system had pre-tax loss of RM2.5b last year From Diana Oon Abdullah in Kuala Lumpur BANK Negara will spend this year completing much of the structural reforms in the financial sector initiated last year, governor Ali Abul Hassan Sulaiman said at the release of
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    • Article
      Banks must soon separate from non-bank units
      485 7 Move aims to minimise systemic risks in sector THE Malaysian central bank will soon force banks to come under new holding companies separate from other non-banking entities within the group in a bid to further minimise systemic risks in the banking system. Bank
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Back Beijing's WTO entry, Clinton urges
      502 8 US Commerce Secretary says he is cautiously optimistic about Chinese bid Reuters [WASHINGTON] President Bill Clinton appealed to US business leaders on Tuesday to back his administration's efforts to bring China into the World Trade Organisation (WTO). In a speech to the Electronic Industries
      Reuters; AFP  -  502 words
    • Article
      Chinese bid to join WTO in for long battle on Capitol Hill
      470 8  -  Lawmakers seek to challenge Beijing on various policy fronts From Leon Radar in Washington UNITED States President Bill Clinton may have the support of Congress for the Nato initiative against Yugoslavia but it could be a very different
      470 words
    • Article
      Lock icon China to allow foreigners 35% stake in telecoms
      420 8 BEIJING Part of WTO bid; further opening after five years sources AFP, Reuters, Bloomberg CHINA will further open up the telecoms sector after allowing foreign companies to take stakes of up to 35 per cent initially as part of its intensifying bid
      AFP,; Reuters,; Bloomberg  -  420 words
    • Article
      Lock icon HK court holds urgent hearing on detained migrants
      301 8 ■HONGKONG AFP HONGKONG'S High Court held an urgent hearing yesterday on the plight of more than 100 mainland Chinese arrested by immigration authorities. Judge Brian Keith is to give his judgment at 10 am today. Officials on Tuesday began rounding up mainland
      AFP  -  301 words
    • SINO Briefs
      • Article
        Lock icon China ends minimum returns guarantee
        75 8 Reuters [BEIJING] China will no longer promise minimum returns for foreign companies investing in its power industry, an industry official said yesterday. "From this year, the government will no longer promise a fixed electricity price and generating hours for projects using foreign investment," said Shao
        Reuters  -  75 words
      • Article
        Lock icon Macau's Land Fund assets up 11.7%
        70 8 AFP [HONGKONG! The value of assets in Macau's Land Fund rose 11.7 per cent to 8.8 billion patacas (SSI.9 billion) in the year to December 1998, the official Portuguese news agency Lusa said yesterday. The value of the ftmd increased 928 million patacas between
        AFP  -  70 words
      • Article
        Lock icon China computer sales to hit 150b yuan
        89 8 Reuters [BEIJING] China expects annual computer sales to hit 150 billion yuan (5J31.2 billion) next year, the China News Daily said yesterday. It quoted a Beijing-based market research company as saying that sales of computer products in 1998 were up 15.5 per cent
        Reuters  -  89 words
      • Article
        Lock icon Hang Seng Bank raises mortgage rates
        73 8 AFX-Asia [HONGKONG] Hang Seng Bank Ltd said it will offer mortgages of up to 85 per cent of a property's valuation starting today. The bank said the top-up loan over the 70 per cent cap will be insured by the Hong Kong Mortgage Corp
        AFX-Asia  -  73 words
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      47 8 '•'.Vj Ife^. I mr H The Voyage Soft-Attache Weekend Case is made of lightweight and I durable twilled nylon fabric, and measures 50 x 37 x 18 cm. it has J a main compartment with a padded base, detachable compartment and front zipped pocket, providing ample spqofcjteclothing,
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  • ASIA
    • Article
      Lock icon Japanese local govt debt fast-growing: Moody's
      311 9 TOKYO Amount totalling 52-3t yen set to rise, ratings agency says in statement —AFP LOCAL Japanese governments hold a fast-growing mountain of debt that already exceeds US$447 billion (*****.1 billion), Moody's Investors Service said yesterday. Debt held by Japan's prefectural and city governments totalled
      —AFP  -  311 words
    • Article, Illustration
      Lock icon Yaohan ex-president gets suspended term for hiding losses
      303 9 SHIZUOKA, Japan Directed execs to dress 12.6b yen loss as a 250 m yen profit Bernama THE former president of Yaohan Japan Corp received a suspended prison term yesterday for directing the company to falsify its financial statements and pay illegal dividends
      Bernama  -  303 words
    • Article
      Lock icon India's new card scheme for expats
      139 9 NEW DELHI AFP THE government launched a scheme yesterday, granting visa free entry and other benefits to "persons of Indian origin" (PIOs) living overseas. On payment of US$l,OOO (551,729), PIOs around the world will be issued with a special card, valid for 20 years,
      AFP  -  139 words
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      231 9 I QJII across As.a, golfers are flocking to Spr.ng City Golf and Like Resort Now you, too, can make a home in the City of Eternal Spring". Here in Kunming, Yunnan, the southwestern province of China, it s always Springtime, with a refreshing air-conditioned" climate all year round. which will
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  • THE WORLD
    • Article
      Fed keeps rates unchanged, inflation seen staying low
      620 10 WASHINGTON US overnight bank lending rate still at 4.75%; consumer confidence index np for a fifth month FEDERAL Reserve policymakers happy with the remarkable performance of the US economy kept borrowing costs unchanged and signalled that they see little chance inflation will
      620 words
    • Article
      Lock icon US GDP grew at 6% rate in Q4, fastest pace in two years
      471 10 WASHINGTON Bloomberg THE US economy grew in the fourth quarter of 1998 at the fastest pace in more than two years, punctuated by vigorous consumer spending and an improved trade picture, revised Commerce Department figures showed yesterday.
      Bloomberg  -  471 words
    • Article
      Lock icon Nato expands Yugoslav bombing campaign
      440 10 BELGRADE Russia to send ship to Mediterranean Sea to gather info Reuters NATO said yesterday it was expanding its bombing campaign in Yugoslavia and a British general said that "the tempo is hotting up", as Western powers rejected a peace bid by Yugoslav President Slobodan
      Reuters  -  440 words
    • Article, Illustration
      Lock icon New territory for Inuit people
      53 10 [IQALUIT, Canada] Paul Oaklik, the new premier-elect of Nunavut, arriving on a dog sled on Tuesday in Iqaluit, North West Territories, Canada, for a photo opportunity. A new territory called Nunavut will be formed today, giving the Inuit people more control over their government and
      AFP  -  53 words
    • Article
      Lock icon Rise in UK minimum wage to benefit 2m Britons
      409 10 LONDON Reuters TODAY around two million Britons will see their weekly pay go up thanks to a new minimum wage. The increase for most will be minor, but the government hopes that along with its new working families tax credit and
      Reuters  -  409 words
    • Article
      Lock icon WTO fails to agree on new chief
      219 10 GENEVA AFP THE World Trade Organisation (WTO) failed to reach an agreement yesterday on a new director-general to succeed Renato Ruggieri, officials said. The WTO meeting wrapped up inconclusively after 15 minutes with delegations deadlocked over rival candidates Supachai Panitchpakdi of Thailand and
      AFP  -  219 words
    • Article
      Lock icon US officials cautious about next IMF Russian deal
      410 10 WASHINGTON Fears that previous loans were lost in illegal arrangements Reuters US officials and lawmakers on Tuesday urged a close look at plans for new International Monetary Fund lending to Russia amid doubts about the size of the deal and the fate
      Reuters  -  410 words
    • WORLD Watch
      • Article
        Lock icon IMF approves US$5b funding for Brazil
        117 10 Reuters tSAO PAULO) The International Monetary Fund's approval of a US$4.9 billion (SsB.s billion) payment for Brazil fuelled optimism In markets yesterday and fed growing hopes that Latin America's biggest economy has left the worst of its currency crisis behind. Hie real inched up
        Reuters  -  117 words
      • Article
        Lock icon Microsoft, US govt fail to reach deal
        72 10 AFX Asia [WASffINGTON] Representatives of Microsoft Corp and the US government failed to reach an agreement after meeting yesterday to discuss a possible settlement of the anti-trust suit against the software company, the Wall Street Journal Interactive reported. Meanwhile, the Microsoft anti-trust trial
        AFX Asia  -  72 words
      • Article
        Lock icon Russia won't giv up Kuril Islands
        112 10 AP [MOSCOW} Russia will not consider giving up any of the Kuril Islands to Japan, but believes a solution to the dispute can be found, a top Russian official said on the eve of talks in Japan. Russia and Japan have promised to settle
        AP  -  112 words
      • Article
        Lock icon Moscow wants 75% of debts forgiven
        56 10 Bloomberg [MOSCOW] Russia will ask its creditors to forgive as much as 75 percent of its Soviet-era debt of about USI66 billion (SSI 14.1 billion), First Deputy Prime Minister Yuri Maslyukov said yesterday. Russia has been in talks with its foreign creditors on rescheduling
        Bloomberg  -  56 words
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      114 10 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO 203 OF 1996 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZENITH DATA SYSTEMS (ASIA PACIFIC) PTE LTD (In Liquidation) NOTICE OF INTENDED DIVIDEND TO PREFERENTIAL CREDITORS NAME OF COMPANY: Zenith
      114 words
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      84 10 EEI [Services! IServicesl •Lamda Prints 4 Duratrans Commercial 4 Exhibition (direct output from diskette) Enlargement for Display 4 Ughted Digital Injet Print (up to 600 dpi) Box (Up to 20ft) Digital Retouching of Trans. Dur f ans Omdnt, D«play Trans Computer Slides Presentation •R3 Slide to Print, Slide Duplicating Lamination
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      9 10 Why US interest rates need to rise, Pg 11
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  • EDITORIAL & OPINION
    • Article, Illustration
      Habibie caught between old and new ways
      751 11  -  THE BOTTOM LIME OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent OLD habits die hard and in Indonesia they don't die at all, it seems. The ongoing rift between President B J Habibie and the General Elections Commission (KPU) on allowing
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    • Article
      IN OTHER WORDS
      145 11 'I am sure most members of the committee... have not allowed themselves to be provoked into some sort of pre-emptive action against inflation and, in hindsight, their patience has proven to be correct.' Alan Blinder a Princeton University economist and a former US Federal Reserve vice<hairman, on
      145 words
    • Article
      Fixing the hedge-fund problem
      603 11 EDITORIAL THE recent call by Australian Treasurer Peter Costello for a renewed focus on reforming the international financial architecture should be supported by Asian governments. For it seems that the enthusiasm shown last year for the initiative has all but vanished Mr Costello, who spoke last
      603 words
    • Article, Illustration
      Lock icon Japan sitting on powder keg of industrial reform
      1031 11  -  Slashing 'excess' capacity and cutting jobs may be the'in' thing to posh bat where will it lead? By. Anthony Rowley The writer is BT's Tokyo correspondent IT HAS become "politically correct" among big businessmen, politicians, bureaucrats, officials and analysts in Japan to
      FILE PHOTO  -  1,031 words
    • Article, Illustration
      Why US interest rates need to rise
      607 11 MOST commentators argue that the United States Federal Reserve does not need to raise interest rates now because inflation remains low, making a neutral monetary policy appropriate. But current policy is not neutral: it is deliberately loose. The Fed, remember, cut rates three
      607 words
    • Article
      WHAT THE OTHERS SAY
      320 11 America in love with stock-market boom IT WAS only last autumn that stock markets in the United States and most other countries were reeling in fear of a possible worldwide recession. That the recession failed to appear is readily apparent from the fact that the Dow
      320 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon China may accept more US films
      881 12  -  Currently no more than 10 are allowed into the country each year, reports xsukegkhoxjk ERIK ECKHOLM NYT Hollywood has received its first sign in years that China may be willing to allow more American films into its cinemas, a movie industry leader said on
      NYT; FILE PHOTO  -  881 words
    • Article
      Lock icon Jazz legend Joe Williams dies of lung illness at 80
      482 12 PEOPLE Reuters [LAS VEGAS] Legendary jazz and blues singer Joe Williams, whose deep baritone often turned the Basie band into a swinging revival meeting, has died in Las Vegas of acute lung disease, a hospital spokeswoman said. Williams, 80, collapsed
      Reuters  -  482 words
    • Article, Illustration
      Good sales at auctions of S-EA pictures
      813 12  -  ART Christie's nets $5.4 m while Sotheby's sells $2m By] Parvathi Nayar [SINGAPORE] Popular fiction often pictures an auction as a scene of solemn activity, full of traps for the unwary. Where the merest twitch and certainly a friendly wave to a passing
      813 words
    • Article, Illustration
      Lock icon Bottled water not necessarily better than tap water
      411 13 HEALTH Quality good but some brands' quality spotty, study finds NYT (WASHINGTON] People who buy bottled water cannot be sure that it is purer or safer than tap water, an environmental advocacy group said in a report issued Tuesday after sampling 1,000
      NYT; FILE PHOTO  -  411 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      60 12 (j cucdtyte /> LnduAtXt^ j *00.1^14+.e>i CP<\VLsLon Coeflfl Venue. flund*!. ecca f/ ou ocoyt t£ coit^OLnt^. Theßitzx^arlton* MILLENIA SINGAPORE Surroundings reminiscent of an emperor's summer abode. The art of Cantonese cuisine, fit for a royal entourage. Please call 434 5288 for reservations. 7 Raffles Avenue, Singapore *****9. Tel: 337 8888
      60 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      530 13 Whprp tn WIIIP /jitip QtiH onfDH > oin Presented Diners club Offers Personalised Cash Access -J jo apply canT? IICIC IU WIIIC, UIIIC dim eiHtrUiin.M atW er3(MloolocatloDSw»Hdwide.^^l™2W4s4s New Zealand Rock Oysters on Ice, Italian Pasta, Sashimi, Tempura and a whole lot more all at Cafe Plaza! Lunch Japanese Sunday, Monday
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      Page 13 Advertisements Column 2
      71 13 BtralianO ADVENTURE I April 1999 I Secretaries' *SWXr I Featuring a specially j[Y>,S IV choreographed fashion show .<; from Australia 19-23 April 1999 <mT 12noon 2.30pm Mandarin Ballroom, $46 nett per person Reservations: W3r 533 Orchard Kojd Singapore *****7 737 2200 Fax: 738 2382 iS&L... MM| I Advertise in Wine,
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      715 13 CKVPTiC CROSSWORD mild (8) 11 Three consecutive notes that lii 12 Narrow cleft, we hear, for an P^rovernight outstanding (6) j| |i r^n complexion IV Wmm 22 Kittens may make such a P®| iH IH mess (6) L 24 23 The surprising discovery of a MB ""■■j sacred book (10)
      715 words
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  • MOTORING
    • Article, Illustration
      Lock icon Citroen distributorship back with Yontrakit
      582 14  -  New operation will keep the Motorviva name when it starts up in May Christopher Tan [SINGAPORE] GOLDBELL Engineering has given up the Citroen distributorship as part of a rationalisation programme started last year. In an ironic twist, the French franchise has now gone back to
      CITROEN  -  582 words
    • Article, Illustration
      Lock icon Former BMW No 2 joins Ford as VP of newly set-up 'premier group'
      413 14 New group comprises Aston Martin, Volvo, Jaguar and Lincoln [SINGAPORE] Wolfgang Reitzle. the former BMW No 2 who left suddenly two months ago, has joined Ford. He has been named group vice-presi-dent of Ford's newly-created "premier automotive
      AFP  -  413 words
    • Article
      New VW S'pore appointments
      140 14 [SINGAPORE] Stefan Jacoby has been appointed managing director of Volkswagen Group Singapore. Formerly VW vice-president in charge of the Asia-Pacific region, Mr Jacoby will be based in Wolfsburg, Germany. He has been with the Volkswagen group since 1985. Meanwhile, Marck Doll, formerly in charge of BMW's
      140 words
    • Article, Illustration
      Bond again—new beemer for 007
      174 14 [SINGAPORE] British spy Agent Double-O-7 will be driving a BMW Z8 power roadster, which has yet to be unveiled (photo above), in the next James Bond movie that is scheduled for release in November. BMW's Singapore regional office said actor Pierce Brosnan would be getting
      174 words
    • BUMPER to BUMPER
      • Article
        Wheel and deal in Vienna
        84 14 FEELING frisky in Vienna? Call Erotik Taxi. According to a Reuters report, the mobile brothel 9ends out a stretch Cadillac for US$25O (*****) an hour complete with chauffeur, drinks, videos and condoms. The eight-metre limo's windows are blacked out, as is the partition separating the
        84 words
      • Article
        Recycling outdated Audis
        121 14 BELIEVE it or not Audi 80 and 100 models are still available from agent Motor Ultima. No, they're not used cars, but one could hardly call them "brand new" either. The 80 and 100 are outdated products, replaced by the A 4 and A 6 respectively. Production
        121 words
      • Article
        Kumagai bags $24.5m MRT contract
        63 14 KUMAGAI Gumi has secured a $24.5 million deal to build the Polytechnic MRT station. Construction includes a ground floor for plant rooms, a concourse, two side-platforms and a curved stainless steel roof. This will be the first time a station is being built on an
        63 words
      • Article
        SingTel Paging organising driveaway
        61 14  -  Compiled by Christopher Tan SINGTEL Paging is having a driveaway treasure hunt in aid of the Singapore Association of the Visually Handicapped. The registration fee is $180 per car (four occupants). The event, scheduled for April 10, will be Sing Tel Paging's third. This time, the
        61 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      209 14 Bought November 1996 0 I CABLE a WIRELESS l "SPRIT Foster's Brewing Group Limited I U552,942,000,000 I Esprit Holdings Ltd US$ 1,170,000,000 I I US$Bl 300 000 Bought Deal Sale by VEBA of its 10.2% Bou jh ST I holding in Cable Wireless I Global Coordinator Global 1999 The Ka
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      Page 14 Advertisements Column 2
      40 14 BUY<* SELL* FIND,/ Classified ads make just about anything an easy sell. No matter what it is, you can always buy it, sell it or find it with the Classified TOLL PRE E&S& 1800-737-1166 |CAX&| Coll Today For Results Tomorrow.
      40 words
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  • COMPANIES & MARKETS
    • Article
      DBS gets 91.8% of Kwong On, will take it private
      389 15  -  Hongkong bank's shareholders have np to April 30 to sell their shares to DBS From Quak Hiang Whai in Hongkong SINGAPORE'S DBS Bank has secured more than 90 per cent of Kwong On Bank's shares and will take the Hongkong
      389 words
    • Article, Illustration
      Lock icon NOL chairman Hochstadt to step down
      421 15  -  CEO Lna Cheng Eng to take over; search for new CEO not confined to S'pore By* Conrad Raj [SINGAPORE] After 15 years at the helm of Neptune Orient Lines, Herman Hochstadt will pass the non-executive chairman's baton to chief executive officer Lua Cheng Eng.
      FILE PHOTO  -  421 words
    • Article, Illustration
      Lock icon Kotjo admits breaching SES rules on disclosure
      771 15  -  VDH chairman cross-examined for more than four hours By' Catherine Ong [SINGAPORE] Johannes Kotjo, the Indonesian businessman once known to Singapore stockmarket punters as the man with the Midas touch, did not have it easy in court yesterday. He was cross-examined for more
      FILE PHOTO  -  771 words
    • Article
      Merge DBS'HK branch and Kwong On? Hang on
      814 15  -  HOCK LOCK SIEW Quak Hiang Whai DBS Bank yesterday announced that it has secured acceptances for more than 90 per cent of the shares of Kwong On Bank, which has 32 branches in Hongkong. That begs the question what DBS is going
      814 words
    • CORPORATE RESULTS
      • Article, Illustration
        Lock icon IPC's bottomline loss widens to $295.4m
        672 16  -  Company's debt restructuring scheme finalised; turnover down 86% for the year By, Jennifer Lien [SINGAPORE] Bottomline loss at former high flying IPC Corp widened to $295.4 million last year and the group said yesterday that it had finalised terms for a debt restructuring scheme.
        FILE PHOTO  -  672 words
      • Article, Illustration
        Lock icon Beleaguered Form Holdings reports net loss of $16.9m
        352 16  -  Firm's viability hinges on debt restructuring By\ Siow Li Sen [SINGAPORE] Music-record-ing company Form Holdings, whose future is in doubt, yesterday reported a net loss of $16.9 million for the year ended Dec 31,1998, against a profit of $1.7 million in 1997.
        FILE PHOTO  -  352 words
      • Article
        Inno-Pacific cuts net loss to $7.6m from $8.2m
        191 16 [SINGAPORE] Restaurant and trading firm Inno-Pacific Holdings managed to bring its net loss for 1998 down to $7.6 million from $8.2 million in 1997. Turnover was down 36 per cent to $9.6 million. The company said the previous year's turnover had included
        191 words
      • Article, Illustration
        Amara, Grand Central profits dive, ANA in the red
        372 16  -  By i Clarissa Tan [SINGAPORE] Two hotel groups, Amara and Grand Central, saw their net profits more than halved last year, while another, ANA Hotels, posted a net loss of $207,000. Hotel Grand Central yesterday reported a 60 per cent drop
        372 words
      • Article
        Hong Fok seeks to refinance $257m loan as loss widens
        376 16  -  Property group's FY9B net loss widens by 26% to $18.9 m By< Corinne Kerk [SINGAPORE] Hong Fok Corporation yesterday said its loss for 1998 sank deeper into the red at $18.9 million and is seeking refinancing for a $257 million
        376 words
      • Article, Illustration
        Lock icon Heshe may not return to the black this year as forecast: Chia
        268 16 Backont of potential tenants among reasons cited [SINGAPORE] Sesdaq-listed Heshe Holdings, which suffered a half-time loss of $1.4 million, could continue to see red for the current financial year. Executive chairman Chia Shi Teck told BT in February
        FILE PHOTO  -  268 words
      • Article
        CSE's net profit up 22%, sees 20-25% rise for 1999
        233 16 [SINGAPORE] Systems integrator CSE Systems Engineering, which was recently listed on Sesdaq, yesterday posted a 22 per cent rise in 1998 net profit to $6 million. And this year, the company sees net profit growing 20-25 per cent, managing director
        233 words
      • Article
        Writebacks in H1 help RMCA Re post $9.9m net profit
        280 16  -  Shareholders' funds deficit falls to Slum, from $25.2 m By\ Soh Tiang Keng [SINGAPORE] RMCA Reinsurance, which is under a scheme of arrangement to avert insolvency, has posted net earnings of $9.9 million for the first six months ended December
        280 words
      • AT A GLANCE
        • Article
          Berger-Int'l posts $700,000 loss
          94 17 (SINGAPORE! Berger International has reported a $700,000 loss for the year ended Dec 31,1998, compared to profits of $1.7 million a year ago. This was despite a 32 per cent jump in turnover to $191 million. Interest on borrowings hit $2.5 million, while depreciation and amortisation
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        • Article
          Broadway $15.8m in the red
          86 17 [SINGAPORE] Broadway Industrial Group has chalked up a $15.8 million loss for the year ended Dec 31,1998, up from $9.7 million a year ago. The company paid nearly $4 million interest on borrowings and took a $9.8 million hit on depreciation and amortisation. Turnover stayed
          86 words
        • Article
          China Everbright earnings down 33%
          102 17 [SINGAPORE] China Everbright Pacific has reported a 33 per cent drop in profits to $1.1 million for 1998. Turnover rose 21 per cent to $46.1 million, earnings per share fell 0.4 cent to 0.6 cent on a fully diluted basis, while net tangible assets per
          102 words
        • Article
          Fuji suffers $1.2m loss
          84 17 [SINGAPORE] Fuji Offset Plates Manufacturing has made a $1.2 million loss for the year ended Dec 31,1998, compared to profits of $2.5 million a year ago. Turnover fell 24 per cent to $19.2 million. Loss per share came to 2.43 cents compared to earnings per share
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        • Article
          GRP posts interim loss of $1.7m
          77 17 [SINGAPORE] GRP Ltd has posted a $1.7 million loss for the six months ended Dec 31,1998, compared to profits of $396,000 a year earlier. Turnover fell 33 per cent to $12.3 million. Loss per share came to 1.94 cents compared to earnings per share
          77 words
        • Article
          HBM net profit dives 60% to $372,000
          68 17 [SINGAPORE] HBM Print has reported a 60 per cent drop in profits to $372,000 for the 1998. Turnover fell 20 per cent to $22.3 million. Earnings per share fell to 0.42 cent from 1.05 cents, while net tangible assets per share fell 9
          68 words
        • Article
          Hwa TatLee suffers $2m loss
          80 17 [SINGAPORE] Hwa Tat Lee Holdings has reported a $2 million loss for the full year ended Dec 31,1998, compared to profits of $1.3 million a year earlier. Turnover fell 11 per cent to $94 million. Loss per share came to 1.32 cents compared to earnings
          80 words
        • Article
          Mayfran hit by 44% turnover fall
          77 17 [SINGAPORE] Mayfran International has posted a $1.3 million loss for the half-year ended Dec 31,1998, against net profits of $694,000 a year earlier. Turnover plunged 44 per cent to $8 million. Loss per share came to 2.04 cents compared to earnings per share of
          77 words
        • Article
          National Kap profit dips
          68 17 [SINGAPORE] National Kap has reported a 2.6 per cent drop in net profits to $6.3 million for the full year ended Dec 31,1998. This was despite a more than three-fold jump in turnover to $9.2 million. Loss per share stayed almost unchanged at 0.32 cent, while
          68 words
        • Article
          Network Foods cuts loss by 10%
          74 17 [SINGAPORE] Network Foods International has posted a 10 per cent drop in net losses to $13.6 million for the year ended Dec 31,1998. Turnover fell 13 per cent to $43.7 million. Loss per share fell to 0.2 cent from 0.3 cent. Net tangible assets
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        • Article
          Noel Gifts net loss up 11%
          75 17 [SINGAPORE] Noel Gifts International has reported an 11 per cent increase in net losses to $1.4 million for the six months to Dec 31,1998. Turnover dropped 45 per cent to $5.4 million. Loss per share rose to 1.58 cents on a fully diluted basis
          75 words
        • Article
          Progen reports $842,000 net loss
          92 17 [SINGAPORE] Progen Holdings has slipped into the red, with a net loss of $842,000 for the full year ended Dec 31, 1998, against net profits of $3.5 million a year ago. Turnover fell 63 per cent to $9.8 million. Loss per share came to 0.64
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        • Article
          Lock icon Time Engg posts operating loss
          83 17 Reuters [KUALA LUMPUR] Time Engineering said yesterday it made an operating loss 0f244 million Malaysian ringgit before (Sslll million) exceptional items and specific provisions. The non-recurring exceptional items included an unrealised foreign exchange loss of RM3OI million and goodwill written off amounting to RM1.29 billion,
          Reuters  -  83 words
      • Article
        Most construction firms in the black
        1064 17  -  Some report good profits, but firms involved in property development had their fingers burnt By David Boey [SINGAPORE] Construction and civil engineering firms appear to have slipped through 1998 relatively unscathed, going by the fullyear results that listed companies posted during the justcompleted results
        1,064 words
      • Article, Illustration
        Lock icon Profit growth expected for Jurong Shipyard, Keppel Hitachi Zosen
        622 17  -  But worldwide competition will pat margins under pressure analysts By] Rahita Elias [SINGAPORE] Jurong Shipyard and Keppel Hitachi Zosen (KHZ) are expected to enjoy profit growth over the next two years despite challenging market conditions. One thing that has helped Singapore
        FILE PHOTO  -  622 words
      • Article
        Southern Bank's net falls but it expects to survive shakeup
        432 17  -  Its confidence based on balance sheet strength, statnre From Eddie Toh in Kuala Lumpur SOUTHERN Bank, which has posted lower earnings for 1998, expects to survive the Malaysian government's drive to cut down the number of banks. "The financial services
        432 words
      • Article
        MISC profit up 27% to RM873.7m on turnover surge
        550 17  -  From Eddie Toh in Kuala Lumpur MALAYSIA International Shipping Corporation (MISC) has recorded a higher-than-expected rise in earnings as a result of the controversial purchase of all the shipping assets of Konsortium Perkapalan, controlled by Mirzan Mahathir, the eldest son of
        550 words
      • Article, Illustration
        Door makers among 56 with better earnings
        4502 18  -  While electronics firms perform well, as expected, some low-tech companies chalk np surprises By\ Lee Han Shih [SINGAPORE] A survey of the 56 listed companies that registered better profits last year turned up some predictable, and also some very surprising findings. In total,
        4,502 words
      • Article
        Losses, lower profits for 70% of companies
        667 19  -  Many plagued by property woes; GLCs were among the worst performers By\ Lee Han Shih [SINGAPORE] When the curtain fell on the worst reporting season in Singapore's corporate history yesterday, a full 70 per cent of all listed companies had declared either lower
        667 words
    • COMPANIES
      • Article
        F&N, MRCB unit picks up more land at KL Sentral
        343 20  -  RM6O psf price is a steep discount to earlier RMISO psf tag in prime project From. Eddie Toh in Kuala Lumpur PROMISING Quality, which is owned by Singapore's Fraser Neave group and Malaysian Resources Corporation Bhd, has acquired more land
        343 words
      • Article
        Keppel launches Spring City golf resort in Kunming
        227 20 [SINGAPORE] Keppel Land has launched a new resort villa project at its joint venture Spring City Golf and Lake Resort in Kunming, China. The company said yesterday that the development, called The Magnolia, comprises units with one to three bedrooms priced at
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      • Article, Illustration
        Lock icon Urban&Co plans Nasdaq listing
        776 20  -  As first step, firm will break into US market next week By: Rahita Elias [SINGAPORE] Home-grown fashion house Urban&Co, which is investing over $1 million on its expansion in the US and Singapore, plans to list on New York's Nasdaq in three to five years. Its
        SIEW YAW HOONG  -  776 words
      • Article, Illustration
        Lock icon M'sia's ahead in extending life of expiring warrants
        588 20  -  From, Ruth Wong in Kuala Lumpur WHILE Singapore's stockmarket investors now debate the merits of extending the life of expiring warrants, the Malaysian authorities decided as early as March last year which way to go. Since giving a new lease of life
        FILE PHOTO  -  588 words
      • Article
        Lock icon Lopez family may sell PCIBank stake
        386 20 Bloomberg [MANILA] The Lopez family, one of the wealthiest in the Philippines, may sell its 30 per cent stake in Philippine Commercial International Bank, a spokesman said yesterday. The family did not give a reason for selling its stake in the nation's third-largest bank,
        Bloomberg  -  386 words
      • Article
        Lock icon Air NZ risks rating cut over Ansett stake: S&P's
        494 20 SIA also eyeing 50% share though NZ carrier has first rights to stake Bloomberg [WELLINGTON] Air New Zealand Ltd's credit rating may be cut one notch if it buys the 50 per cent of Ansett Holdings Ltd it doesn't already own.
        Bloomberg  -  494 words
      • COMPANY Briefs
        • Article
          NatSteel unit opens $15m plant
          65 20 [SINGAPORE] Eastern Pretech, a wholly-owned subsidiary of Nat Steel unit Eastern Industries, yesterday opened a $15 million plant in Jurong. The plaster and mortar factory has a capacity 0f200,000 tonnes each year, bringing Eastern Pretech's regional output to 450,000 tonnes. Formerly known as Eastern Partek,
          65 words
        • Article
          Teamsphere's placement fully taken up
          64 20 [SINGAPORE] Specialist metals engineering firm Teamsphere said the private placement tranche of its initial public offer has been ftilly taken up. About 80 per cent or 23.6 million shares of the IPO were placed out. Of the remaining shares, 23 million are reserved shares and
          64 words
        • Article
          Pacific Andes to sell supertrawler
          98 20 [SINGAPORE] Pacific Andes Holdings yesterday said it had agreed to sell a supertrawler for US$3.3 million (555.7 million), payable in 10 biannual instalments with 12 per cent interest per annum. The first instalment will be paid on Sept 29, and Pacific Andes will retain ownership
          98 words
        • Article
          Intraco's technical division GM resigns
          37 20 [SINGAPORE] Intraco said yesterday that Tham Yeng Pai has resigned as general manager of its technical division, with effect from yesterday. His duties have accordingly been distributed to the respective division managers.
          37 words
        • Article
          Lock icon Global Tech IPO 5.9 times subscribed
          44 20 AFX-Asia [HONGKONG] Global Tech (Holdings) Ltd said its Hongkong initial public offer of 10 million new shares at HKII.BO each was 5.9 times subscribed. Global Tech shares will start trading on April 9 in Hongkong and Singapore. —AFX-Asia
          AFX-Asia  -  44 words
        • Article
          Lock icon Bimantara sells Toyo Kanetsu stake
          74 20 Reuters [JAKARTA] Indonesian investment company PT Bimantara Citra has agreed to sell its stake in PT Toyo Kanetsu Indonesia to the principal shareholder, Toyo Kanetsu KK Tokyo. The agreement on the sale of 1,020 shares in Toyo Kanetsu Indonesia was signed on March 23 and
          Reuters  -  74 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Packer firm sells its stake in C&W Optus
        237 21 Reuters [SYDNEY] Australia's richest man Kerry Packer trumped a rival media magnate yesterday with a well-timed exit from Australia's secondranked telecoms stock. Mr Packer, whose mere presence on a share register can boost a stock's price, quietly announced his 45 per cent
        Reuters  -  237 words
      • Article, Illustration
        Lock icon DaimlerChrysler to boost sales
        327 21 It hopes to hit 153b euros by 2001 on US, European growth Reuters [STUTTGART, Germany] DaimlerChrysler AG said yesterday it expected sales to surge more than 20 billion euros (5537.1 billion) to 153 billion by 2001 with a strong North American economy and modest European growth
        Reuters; REUTERS  -  327 words
      • Article
        Lock icon BP Amoco board okays Arco deal: sources
        432 21 Takeover seen to cost over USs2sb; it comes 3 months after BP acquired Amoco Reuters, Bloomberg [LONDON] The board of Britain's BP Amoco pic has approved a deal to acquire US oil company Atlantic Richfield Co (Arco), people familiar with the situation said
        Reuters,; Bloomberg  -  432 words
      • Article
        Lock icon Mitsubishi Electric to slash 14,000 jobs
        414 21 B,4oojobs to be cut in Japan; reductions will be over 3 years AFP [TOKYO] Japan's Mitsubishi Electric Corp announced yesterday it will cut 14,000 jobs in three years, including 8,400 in Japan, to reduce huge losses and focus on its strengths. Loss-making businesses will
        AFP  -  414 words
      • Article
        Lock icon ING beats forecasts with 21% rise in '98 profit
        333 21 Bloomberg [AMSTERDAM] ING Groep NV, Europe's fifth-largest financial company, said its 1998 profit rose a better than expected 21 per cent, as buoyant earnings from branch banking and insurance more than accounted for losses in investment and corporate banking in the
        Bloomberg  -  333 words
      • Article
        Lock icon AT&T, British Telecom get EU approval for US$3b venture
        601 21 Bloomberg Reuters [BRUSSELS] AT&T Corp and British Telecommunications pic won European Union approval for their planned US$3 billion (555.2 billion) joint venture after the biggest US long-distance phone company agreed to reduce its UK operations. AT&T will sell its ACC long-distance
        Bloomberg; Reuters  -  601 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Five banks forgive 120b yen loans to Fujita
        318 22 Bloomberg [TOKYO] Sakura Bank Ltd, Tokai Bank Ltd and three other lenders will forgive more than 120 billion yen (Ssl.7 billion) in loans to Fujita Corp, a Japanese general contractor hobbled by speculative loans that went sour. Sakura Bank will waive repayment
        Bloomberg  -  318 words
      • Article, Illustration
        Lock icon Japanese banks issue convertible shares to govt
        499 22 Move to tide them over poor fiscal year-end amid an uncertain future AFP [TOKYO] Japan's 15 biggest banks yesterday issued a huge number of convertible shares to the government to ride out the end of a dismal fiscal year in the face of
        AFP; FILE PHOTO  -  499 words
      • Article
        Lock icon LTCM up 20%, may return cash to bailout banks
        424 22 Timing, amount of money to be returned not determined yet Reuters Bloomberg [NEW YORK] The banks that saved hedge fund Long-Term Capital Management (LTCM) from the brink of collapse expect to get some of their money back as early as June,
        Reuters; Bloomberg  -  424 words
      • Article
        Lock icon Nomura, PNC Bank in asset management tie-up
        248 22 New firm to serve Japanese investment trust investors Bridge News [NEW YORK] Japan's Nomura Asset Management Co and PNC Bank Corp of the US said they will form a joint asset management venture to serve Japanese institutional and investment trust investors, marking what
        Bridge News  -  248 words
      • Article
        Lock icon LSE slaps £350,000 fine on ABN, Morgan Stanley
        139 22 Bloomberg [LONDON] ABN Amro NV and Morgan Stanley Witter Co have been fined a total of £350.000 (*****,580) by the London Stock Exchange for share price manipulation, the exchange said in a statement. ABN Amro was fined £250,000, and Morgan Stanley £100,000
        Bloomberg  -  139 words
      • SMALL Change
        • Article
          Lock icon State Street in Japan venture
          59 22 Bloomberg [TOKYO] State Street Corp, the third-largest manager of 40l(k) funds in the US, said it will join a Japanese pension-fund systems venture to be set up by Industrial Bank of Japan Ltd and Nomura Securities Co. The venture will handle record-keeping for defined contribution
          Bloomberg  -  59 words
        • Article
          Lock icon Bankers Trust quits venture with Itau
          54 22 Bloomberg (SAO PAULO] Bankers Trust Corp venture with Brazil's Banco Itau SA, following the proposed merger between Bankers Trust and Deutsche Bank AG. Bankers Trust, the Bth largest US bank holding company, will sell its stake in the joint venture to Itau, Brazil's second
          Bloomberg  -  54 words
        • Article, Illustration
          Lock icon Bank One CEO earns US$11.9m
          125 22 Reuters [NEW YORK] Bank One Corp chief executive John McCoy (right) took home about US$ll.9 million (5520.6 million) last year, during which time the bank's profits rose 5 per cent to US$3.ll billion after charges for its merger with First Chicago, according to a government
          Reuters  -  125 words
        • Article
          Lock icon Wells Fargo unit to buy bank from 3M
          81 22 Bloomberg [ST PAUL, Minnesota] Wells Fargo Co unit Norwest Bank Minnesota will buy Eastern Heights Bank from Minnesota Mining and Manufacturing Co, as 3M leaves the banking business. If regulators approve the purchase, it will be completed by early third quarter. Eastern
          Bloomberg  -  81 words
      • Article
        Lock icon US imports petrol from Asia as 3 refineries close
        424 22 Arbitrage open for prompt jet fuel exports, say traders Reuters [SINGAPORE] Troubles at three California refineries have sparked rare Asian gas oil exports to the US and kept open the arbitrage for a slew of petrol and jet fuel exports to
        Reuters  -  424 words
      • Article
        Quotation of Singapore Government Stocks (Mar 31, 1999)
        364 22 IOCNME MDOLEPWCES COUPON WTBCST OF DAYS OF (EXCU0NG GROSS MATURITY YEARRAJSED RATE AMOUNT PAYMENT ACCRUED AOTUED ftDEMPTON PA > tw DATES MEREST WTBCST) YBB(%P*} 01/04/1999 N*****0H 1997 13/4 850.00 1/4 1/10 181 100.00 1.73 15/06/1999 low 2 1979 61/4 55.80 15/5 15/12
        364 words
      • Article
        Futures dip in subdued trading
        227 23  -  Slmi-ifi Reports MSCI Singapore Index Bob Butcher, Jardine Fleming A NARROW difference between the high and the low price in the MSCI Singapore Index limited trading opportunities yesterday. This in turn led to somewhat subdued trading activity. The April contract is now the new lead
        227 words
      • Article
        Futures slide as electronics lose ground
        205 23  -  MSCI Taiwan fatures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened lower yesterday in the April '99 contract after the roUover period which ended on Tuesday. It ended 1.5 points lower in April whUe the Taiex lost 16.94 points, moving
        205 words
      • Article
        Lock icon Oil prices end rally as traders take profit; mood still positive
        282 23 ENERGY REPORT Reuters [LONDON] World oil prices took a breather from their recent rally to trade slightly lower yesterday as traders pocketed their gains, but analysts said new 10-month highs were well within reach. International benchmark North Sea Brent
        Reuters  -  282 words
      • Article
        Lock icon CURRENCY REPORT
        340 23 Reuters, Bloomberg London THE yen surged more than one per cent against the dollar and the euro yesterday as markets decided that a new fiscal year in Japan was unlikely to provoke an immediate outflow of capital, analysts said. In the overnight trade, yen sales at the Tokyo
        Reuters,; Bloomberg  -  340 words
      • Article, Illustration
        Untitled
        1124 23 INTERBANK CROSS RATES Mar 31 <* gL *■"> f>r Dm HKS to**** Yen Woo M mm* Hio Sfr uK Km* us* Australia 0.951 6.178 0.586 3.841 1.M5 4.875 26.*****.822 0.755 7.718 2.390 1181 ***** ?4*wt irv»n C wdj 052 5.492 0.616 4.039 1.204 5.127 28.072 57.658 0.794 8.118 2.514 1242
        1,124 words
      • Article
        Untitled
        1737 23 SICOM FUTURES Mar31 RUB8ER (futarw clojmq ts «t 5.30poi) RSS1 CONTRACTU cwts/ty) CiOM VotaM Optfl Ujflfl u» Sttt (tOHBM) lirttrtst J* 100.50 t50 N»*99 101.25 775 Mm199 103.50 250 Mf& 99 108.25 106.25 106.25 450 600 Oct/D« 99 110.25 110.25 110.00 150 675 Jm/MW 00 113.50 RSS 3 CONTRACT (US
        1,737 words
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      Lock icon HONGKONG
      1380 24 AFP H Hang Seng +L 99 HONGKONG stocks closed nearly unchanged yesterday as late selling offset positive sentiment triggered by hopes of China's possible entry into the World Trade Organisation (WTO), dealers said. "The market remains quite firm, but technically it is overbought," said Ben Kwong, research head at
      AFP  -  1,380 words
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      Lock icon CHINA
      548 24 Reuters QShenzhenßlndex +0-31 SHENZHEN'S B share index ended up slightly yesterday in a minor technical rally following Tuesday's 1.72 per cent fall, analysts said. It gained 0.31 point, or 0.62 per cent, to 50.91 on turnover of HK$7.4 million against HK$l5.3 million on Tuesday. Analysts said B shares were
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  548 words
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      Lock icon TAIPEI
      336 24 AFP nwP Index -16JH TAIWAN share prices fell for the third consecutive day yesterday, closing down 0.2 per cent on a lack of buying incentives, dealers said. "There are no positive leads .said Ho Chen yu, analyst with Marbo Securities, adding investors were likely to stick to the sidelines
      AFP  -  336 words
    • Article
      WORLD STOCK MARKETS
      2236 24 LONDON Mistrials Mar 31 >wmmI 3i Group 6-26 -0.01 A B Foods OS unch A B Ports 2.83 unch Allied Domecq 4.61 -0.04 Allied Zurich 8.35 0.42 Anglo American Cold 29.10 -0.10 AS OA Croup 1.51 -0.01 Ban* of Scotland 8.23 -0.10 Barclays 17.81 0.42 Bass 8.42
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      Lock icon TOKYO
      1599 24 AFP □Nikkei 225 -2153 TOKYO'S key stock index fell 0.1 per cent yesterday following a decline on Wall Street, despite buying by domestic institutions to prop up the market on the last day of the business year, brokers said. The market rallied in mid-afternoon to more than offset an
      AFP  -  1,599 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        4968 25 MBMTRttLS LMt V«l 0.V Net Cap Low Compony Soto QOQ MW> Low P/l mH MO 255 Ajinomoto 265 14 6 107 4 83 46 Angkoso 47 14 8 74 283 220 Apollo Food Hlg 220 7 7 383 4S!SKzzzfi 2 52 ,2S 12 1 Sss—» 345 JB £3 15 islliS
        4,968 words
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        Lock icon Banking stocks propel index higher
        368 25 AFP rl Composite Index -ML2S MALAYSIAN share prices ended 0.9 per cent higher yesterday as local investors supported banking stocks ahead of the release of the central bank's annual report. "Local institutional players bought index-linked banking stocks," an institutional dealer with a local brokerage said.
        AFP  -  368 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Putting implied volatility to work
        196 26  -  WARRANT WATCH -By R Sivanithy IN today's column we'll illustrate how using implied volatility might lead to a different investment decision than that which would be reached by the traditional method of looking at the gearing and conversion premium. We look at the Tibs 2000
        196 words
      • Article
        Untitled
        1954 26 BONDS, LOANS i WARRANTS 2- Wk VI Htah Law stfui Co max. y* 4 Oay Last Qvata Avg StB# Comjwny Sat# COOO) High Lm Buyar Mk Prtca 3 3160 A Acar******1 OSS 13 unch Is 13 i5 tJ* rT* T 27 4.5 3164 Acma ******4 18.5 T 397 20 8
        1,954 words
      • Article
        CLOB INTERNATIONAL
        186 26 HONORONO STOCKS Omi Last Out* ON 0*v YW Not MCa Hl» L— "w firnnny COOP) H*h Low feryor C*w H P/l Sn* 235 173 5123 COL (2000) HK 230 Cd 2223 I 8 2.4 33 njj 44S3J 5124 C«ttwyPK20cHK_720cd 265 74 ******"! ca 3 S«7 04 5 117
        186 words
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      Lock icon BANGKOK
      886 26 AFP PSEHoig -7.75 THAI shares fell 2.1 per cent yesterday after investors took profits a day after the government unveiled a multibillion dollar economic stimulus package, dealers said. The SET Composite Index closed down 7.75 points at 352.01. Yesterday's volume totalled 1.25 million lots and declines led advances by
      AFP  -  886 words
    • Article
      Lock icon MANILA
      293 26 AFP Q Manila +IGJ9 SHARE prices closed 0.8 per cent higher yesterday on win-dow-dressing at the end of the first quarter, analysts said. The Philippine Stock Exchange Composite Index rose 16.19 points to finish at 2,023.21. Volume climbed to 6.069 billion shares valued at 1.47 billion pesos from 2.05
      AFP  -  293 words
    • Article
      Lock icon SEOUL
      394 26 AFP PI Composite Index +OJ3 SOUTH Korean shares ended barely higher yesterday as late profit-taking offset continued institutional interest, dealers said. The Composite Index closed up 0.93 point, or 0.2 per cent, at 618.98, off a high of 622.91 and a low of 614.83. Volume was 164.8 million shares
      AFP  -  394 words
    • Article
      Lock icon SYDNEY
      656 26 AFP CI All Ordinaries -28J AUSTRALIAN share prices fell 0.9 per cent yesterday on futures-linked selling and a plunge in commodity prices, brokers said. The All Ordinaries Index closed 28.1 points lower at 2,967.2. The All Resources Index closed 33.6 points lower at 1,035.8. The All Industrials Index fell
      AFP  -  656 words
    • Article
      Lock icon WELLINGTON
      286 26 AFP n Wellington +17J2 NEW Zealand shares rose 0.8 per cent yesterday as a strong performance by heavyweight Telecom Corp boosted the market on a day of erratic fiscal year-end trading. The NZSE-40 Capital Index gained 17.12 points at 2,143.18. Turnover was NZ$B6 million.— AFP f 11 roow Advantage
      AFP  -  286 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5262 27 Transaction date: Mar 31 j W 0*y Last Quot. Otv VM Nat Cm A*q u StWo Company M« COOP) HUh Law Buy, >aMar C»r H P/t >m5 Prtca MULIMNOUSTIIY 128 17.5 mb lOOO AcmaSOc 72.5 Cd*1 335 74.5 71.5 72.5 73 27.5 1 19
      5,262 words
    • Article
      SESDAQ
      612 27 H| 2 n», -sr'ss, c£ y 3 MMUFACYUMM 3» S 5 "Z 5 T .7 8-2 96.8 M 256 85 c 2001 A»t*m«trli 50c 110 -7 333 ns )0 q -?5 jj 8 L4 <9-5 59 3 it J^cr.w.io 0 r L 1, i 5 r s 595 275
      612 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        363 28 Stadtt m— Jaya Wt99 17,241,000 Uraco HldqslOc 13,355,000 UiC 13,197,000 Uraco Wt02 12,292,000 DBS Land 12,250,000 Wing Tai 25c 11,991,000 *TanChonglnt50c 11.919,000 GES Intl Ltd 20c 8.842,000 Keppe) Land 50c 8.659.000 Keppel LandWOO 6,863,000 Stocks DBS Fofeiqn 34,477,070 City Dev 50c 32,872,100 DBS Land 31.037,850 SPH 27,660,981 UOB Foreign 24,857,911
        363 words
      • Article, Illustration
        Market pauses to take stock as results season ends
        633 28  -  STOCK MAMEBT COMMENTARY STI hovers within narrow range; banks' Local shares still in play; rumoured takeovers another theme R Sivanithy THERE was a strong element of "what next?" in trading yesterday, as players pondered their next move with the end of
        633 words
      • ON THE GRAPEVINE
        • Article
          Fasten your seat belts
          88 28 MALAYSIAN Airline System could be heading for considerable turbulence. Word is that the national carrier may seek assistance from the Corporate Debt Restructuring Committee to restructure its debt. According to its latest annual report, MAS has more than one billion Malaysian ringgit (***** million) in short-term
          88 words
        • Article
          De-bugging year VCR
          74 28 A READER has this tip for those who worry that come the Year 2000, they may not be able to programme their video casette recorders. Just set the year to 1972 because the dates in that year all correspond with those for the year 2000, and the
          74 words
        • Article
          A nicer kind of bag
          92 28 HERE'S a tale about a bug of an altogether different kind. It's the never-ending story about the legendary popularity of the new Volkswagen Beetle. Someone just back from Los Angeles says there are more Beetles on the streets there than tairia of course, there aren't
          92 words
        • Article
          Chicken and egg?
          94 28 A SINGAPORE high-tech start-up was recruiting some skilled professionals. An American who graduated with a PhD from a top US university gladly took a pay cut to join this young Singapore company, even though the firm is not yet profitable. On the other hand, when the firm
          94 words
        • Article
          Not Net yet?
          98 28 ANOTHER Singapore high-tech start-up had several offers to go public, despite the fact that it's not yet bringing home the bacon. It seems that various organisations e-mailed the company offering to list it electronically, via the Internet—without the formal paperwork and legalese that established stock exchanges normally
          98 words
      • Article, Illustration
        HOT STOCK
        82 28  -  •By Ven Sreenivasan The stock of computer maker GES International has been flying high in the wake of rumours of corporate development True to the saying "buy or the rumour, sell on the news", the stock dipped yesterday after the company announced a new order worth some US$lOO
        82 words
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      59 15 Wy l < JflSb JSP H boss i K 2 V 1 f mmmm hugo boss golf Ma Tr#*. X 207 I' I Vt PSp Jel I >^l i _Irl l/J Lr ab2lH I-X 1 V/ :<v HBKa^' «mL_ £kV r>V IC iflv' Pi Bl LJH fl| 3H 1 M
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      101 21 Another benchmark set by Citibank. The longest bond maturity achieved by a AAA-Rated issuer in Singapore Dollars Niß Nordic Investment Bank S$ 150,000,000 Principal Amount of 4.125% Notes Due 2004 and S$ 150,000,000 Principal Amount of 4.75% Notes Due 2009 Arranger and Lead Manager Citicorp Investment Bank (Singapore) Limited March
      101 words
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      328 22 Strait Talk SHIPPINGTIMES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUNEX SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 5 Shenton Way. #34-01, UIC
      328 words
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      Page 22 Advertisements Column 2
      400 22 NOTICES advertise calMolMreHBo^4nBB^| IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NIPPON STEEL SEMICONDUCTOR SINGAPORE PTE LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duty convened and held at 16 Raffles Quay
      400 words
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      Page 22 Advertisements Column 3
      407 22 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TOPPAN PRINTING COMPANY (SINGAPORE) PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No 38 Liu Fang Road, Singapore
      407 words
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      Page 22 Advertisements Column 4
      7 22 Editorial: Fixing the hedge-fund problem, Pg 1
      7 words
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      Page 24 Advertisements Column 1
      55 24 I /Hello, C.A.T.S.I\ Wow! I'd like to place an A A buyer I love this car V advertisement to J I the very I that I found I N SJI II my Car J nextday through ip jR; 1 Buying or selling through The Straits Times Classified is child's Play.
      55 words
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      118 26 To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO. 359 OF 1995 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELBIRU ELECTRONICS PTE LTD (In Liquidation) NOTICE OF INTENTION TO
      118 words
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      Page 26 Advertisements Column 2
      57 26 PRAPORN-TRADING PTE LTD (In Members' Voluntary Liquidation) Notice is hereby given that the Final Meeting of members of the above named Company will be held at 14 Eng Hoon Street Singapore *****4 on Ist May 1999 for the purposes as stated in S3OB of the Companies Act Cap 50. CHIU
      57 words
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      Page 26 Advertisements Column 3
      145 26 UNISTAR INDUSTRIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN THAT the creditors of the abovenamed Company; which is being voluntarily wound up, are required, on or before 30* April 1999 to send in their names and addresses and the particulars of their debts or
      145 words
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      Page 26 Advertisements Column 4
      63 26 HOCK LOCK SIEW Takes you behind the news THEtoBVESSTIMES ♦The Jakarta stock market was closed yesterday. I wanna Hfeak If it's time you take a break, explore the Travel Section in the Classified. Whether it's a leisurely cruise, a free 'n' easy adventure, or a convenient packaged tour, visit Classifications
      63 words
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      527 28 To advertise call toll-free 1800 741 1883 Hw IVLIO Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF LUKE-TAN (PTE) LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of LUKE-TAN (PTE) LTD duly convened
      527 words
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      Page 28 Advertisements Column 2
      557 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SMITH BARNEY ASSET MANAGEMENT GROUP (ASIA) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap.so, that a Final General Meeting of the abovenamed Company will
      557 words
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      Page 28 Advertisements Column 3
      867 28 What did your broker do for you today? Our clients get something new everyday DBS Investor Online. :.i 438-1188 t::Lr, SSDBSBANK AM ARMSTRONG INDUSTRIAL CORPORATION LIMITED (Incorporated Singapore) 33/ 71 u Hit TSatoH Street 23 Singapore *****7 AHA "7*l (<>3J 663 5333 7a x (63) 663 5663 NOTICE IS HEREBY
      867 words
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      Page 28 Advertisements Column 4
      95 28 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO 75 OF 1993 IN THE MATTER OF LATINDOR ENTERPRISES PTE LTD NOTICE OF INTENDED DIVIDEND TO PREFERENTIAL CREDITORS NAME OF COMPANY: Latlndor Enterprise* Pte Ltd ADDRESS OF REGISTERED OFFICE: Formerly of 1 Lok Yang Way #01-08 A,
      95 words
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      Page 28 Advertisements Column 5
      116 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND PI DESIGN STUDIO 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. 50. a final meeting of the Company will be held at I6A Penhas
      116 words
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      Page 28 Advertisements Column 6
      476 28 ti THE MATTER Of THE COMPANES ACT, CAP. 50 WEST LINK ENTERPRISE PTE LTD Or Members Voluntary Wmang Up) At an Extraordinary General Meeting of WEST UNK ENTERPRISE PTE LTD duly convened and held on the 22 March 1999 the fotowwg special resolution was passed: SPECIAL RESOLUTION That the company
      476 words
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      Page 28 Advertisements Column 7
      505 28 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 PINPOINT S.E.ASIA PTE LTD PTE LTD (In Mwwbf»' Voluntary Liquidation) At an Extraordinary General Meatmg of the Company deemed to be held on 01-04-1999 the following resolutions were duly passed as SPECIAL RESOLUTION That the Company be wound up voluntary" ORDINARY
      505 words
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      Page 28 Advertisements Column 8
      444 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CUE S.E. ASIA PTE LTD (In Membra' Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed to be held on 01-04-1999 the following resolutions were duly passed as SPECIAL RESOLUTION That the Company be wound up voluntarty ORDINARY RESOLUTION
      444 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      292 29 Bridge News, Reuters WITH the Easter holidays approaching it is no surprise that details of concluded business struggled to surface, despite an improvement in business seen on Monday. Brokers said charterers will benefit due to the lack of activity if they don't have to cover quickly as the
      Bridge News,; Reuters  -  292 words
    • Article
      MARITIME STOCKS
      284 29 hmmmi a w CWT Distribution 0.55 -0.01 22 Chum Hup 0.67 0.03 341 Coko Investment 0.50 -0.01 10 Freight Links 0.18 0.01 34* GB Holdings 0.41 uncti 28 HaiSunHup 0.49 0.01 190 IMC Hoi<*ngs-KK MO unch 0 Jaya Holdings 0.74 0.03 2904 Jurpna Shipyard —6.85 uncti 2S0 MppelCorp
      284 words
    • Article
      Tanker owner Ming Wah sees tough year ahead
      383 29  -  It cites sluggish market, four tankers eliding long-term contracts this year; TO profit np 2% By: Marcus Hand [SINGAPORE] Mainboardlisted tanker owner and operator Ming Wah Universal predicts a "particularly tough" year ahead with four of its eight tankers ending long-term contracts
      383 words
    • Article
      Lock icon Hutchison Whampoa unit buys into Indon container terminals
      334 29 AFP [JAKARTA] A unit of Hongkong tycoon Li Ka-Shing's Hutchison Whampoa Ltd will purchase a 51 per cent stake in two container terminals in the Jakarta port, the Indonesian government said yesterday. Hutchison subsidiary Grosbeak Pte Ltd will pay US$2l5 million (*****
      AFP  -  334 words
    • Article, Illustration
      S'pore-based exec out to give Vanuatu a boost
      528 29  -  SHIPSHAPE By Felix Chan IT'S not every day that a Singaporebased shipping executive assumes the post of deputy commissioner of a foreign ship registry. Nevertheless, Tan Chak Chew is taking it all in his stride. Since being appointed the Republic of Vanuatu's
      528 words
    • Article
      Lock icon Danish shipping to see wave of mergers: report
      359 29 Six of 10 listed shipping firms in trouble financially Reuters [COPENHAGEN] Denmark's crisis-hit shipping industry is headed for a wave of mergers, current affairs weekly Mandag Morgen (MM) said on Monday, quoting the chairman of the Danish Shipowners Association. "We have an
      Reuters  -  359 words
    • Article, Illustration
      Lock icon Russian firm Sovfracht plans to expand in S'pore
      280 29  -  Its venture with UIC plans to increase its fleet By\ Marcus Hand [SINGAPORE] Russian shipping company Sovfracht is looking seriously at expanding its presence in Singapore, which it sees as a gateway to the region, through its jointventure Singapore Soviet Shipping (Sinsov).
      ARTHUR LEE  -  280 words
    • Article, Illustration
      Lock icon Vital alliances elude airline
      1069 30 DELTA AIR LINES US' Delta Air Lines has become very profitable but needs to extend its global reach if it is to stay competitive Bloomberg [ATLANTA] LAST week, some 18 months into the job and after two unsuccessful attempts to hook up with a major industry
      Bloomberg; FILE PHOTO  -  1,069 words
    • Article
      SHIPPING SCHEDULES INDEX
      207 30 PAGE ECU Line 6 ACL 6 ECL 5 A nl 3 Evergreen 6 Accord 8 Appenship 5 Ul Austral 8 GMMrtr s 8 Baiaji Shpfl 4 Ooodricti 5 BSA 7 Hmgli 7 B't»nq Mas 8 Han m 3 CCNI 7 HWnQA 4 8 ST I COSCO 5
      207 words
    • Article
      SHIPPING GUIDE
      18175 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaga TaMpitona ETA ETA Advartlsar Vassal Voytgt TtMpKont l'r linn' m NumOar Numb»f SIN Dast'n None Nama Numbar Numetr M/04 .2/05 Evargraan NUOVA NIPPONICA 02*0-011* *5-*****« To ABIDJAN (ABJ) 2003 Coto D'lvolro ii/tt b/os cosco sun river ooosw *5-22*1500 01/04 n/05
      18,175 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        701 41 VmmI VoyWo B*rth Arrfv«l Ppwtiir6 Bt AMU *****9 J01 atonosidt 3103/2200 17%? 5 22" *5* novuoo Bt M 2596 0599 JOt rtflqud* 3103/1430 101 Jlorepx* 31.03/1600 at S a*0U2 *****9 J01 jto«pKl« 31.03/2359 D *****9 J02 ilooqsKt* 31.03/2300 Wor» St* 9905 J23 Mowfit&t 01.04/0600 yr 7 5S?® J13
        701 words
      • Article
        CONTAINER, SCHEDULES
        1750 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofctng/Bolonco Rstls Ship Voy No Etb/Btr Ported From To From u» on* oyoroo m jvhoo jvwi jvhoo JVHOO JVMSt JVHOO a JVTTOO OVM51 OVOtOO 2* JVTTOO 0VM51 OVOtOO 1 OVOTOO OVUM OVMOO 4 OVBOO OVMSt OVITOO OVOTOO M JVHOO 3V*51
        1,750 words
      • Article
        GLOBAL HOLIDAYS
        210 41 Apr 1 Denmark: Maundy Thursday. Mexico: Maundy Thursday (optional). Apr 2 Mexico: Good Friday (optional). Germany: Good Friday. Finland: Good Friday. Denmark: Good Friday. Australia: Good Friday. Canada: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Ireland Republic of: Good Friday. Netherlands: Good Friday (Banks only). New
        210 words
      • Article
        COCKETT BUNKER MARKET REPORT
        759 41 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        759 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        406 41 »OMu 998.1 14 18.4 0.09 S9 0.07 25 Otnjity Water Residue Ask MmMm Sifcint No above E25 2. 1 15 0 0 0 *135* 380 Ave 985.1 0J 12.9 0.06 38 0.02 tin* 380 Mu 994.2 U 18 9 0.11 250 0.06 rl g No above
        406 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon China's airlines lost 2b yuan last year, says official
        318 42 Reuters [BEIJING] China's airlines lost about 2 billion yuan (Ss4l6 million) last year and the outlook for this year is not encouraging, an aviation official said yesterday. "Airlines lost over 2.0 billion yuan last year," said Li Chunjian, deputy director of
        Reuters  -  318 words
      • Article, Illustration
        Lock icon Qantas warns Y2K concerns may disrupt some flights
        369 42 Airline says it has difficulty obtaining accurate data from many critical service providers Reuters [SYDNEY] Australia's Qantas Airways Ltd yesterday said it might be forced to reduce flights on certain international and domestic routes over the 1999-2000 New Year period due to
        Reuters; FILE PHOTO  -  369 words
      • Article
        Lock icon SIA expects double-digit growth in Aussie traffic
        334 42 Reuters [ADELAIDE] Singapore Airlines yesterday said it was continuing to see double digit growth in passenger traffic in and out of Australia. "We are still seeing it, thankfully enough, double digit growth," T O Thoeng, Singapore Airlines senior vice-president, South West Pacific, told
        Reuters  -  334 words
      • Article, Illustration
        Lock icon Saab unveils new car
        46 42 [NEW Y ORK] Joel Manmbee, the president of Saab Cars USA, speaking at the unveiling of the 1999 Saab 9-3 Viggen Coupe at the New York Auto Show on Tuesday. The car will go on sale in United States in May. REUTERS
        REUTERS  -  46 words
      • Article
        Lock icon Lockerbie trial will last years: experts
        412 42 ItH be Scotland's most expensive and longest criminal case Reuters [GLASGOW] The planned trial of two Libyans accused of carrying out the 1988 bombing of a Pan Am Boeing 747 airliner over the Scottish town of Lockerbie could last several years, legal experts in
        Reuters  -  412 words
      • Article
        Lock icon Philippine govt files 237m peso claim on PAL
        206 42 AFP [MANILA] The Philippine government has filed a claim asking debt-ridden national flag-carrier Philippine Airlines (PAL) to pay 236.9 million pesos (5510.5 million) in unpaid loans and interest, documents obtained here on Tuesday said. The claim filed with the Securities and Exchange
        AFP  -  206 words
      • Article
        Lock icon SAS to decide on US$1.3b Airbus order later this year
        406 42 It may spend USs6b on plane purchases in the next decade Bloomberg [STOCKHOLM] Scandinavian Airlines System said it will decide this spring whether to spend as much as US$l.32 billion (552.3 billion) on aircraft made by Europe's Airbus Industrie group
        Bloomberg  -  406 words
      • Article
        Lock icon Mazda, Ford to make low-emission engines
        133 42 AFP [TOKYO] Mazda Motor Corp and Ford Motor Co will jointly develop low-emission engines for small cars and share costs to improve profitability, a business daily said yesterday. They will develop engines of two-litre or smaller displacement for small cars to be introduced after
        AFP  -  133 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1689 42 crrr njwrr' eta mcht ere LM374 mm batsos 2250 AtaOfeaM cvm 2255 S032S M50 0f5 2250 8A738I 1930 8A7382 2055 2250 OfBI 1930 Of82 2055 55 "H AH8229 2230 m "55 LH6380 2230 $0229 2230 SQ200I 2359 Aastartaa 0010 F Sam WW0 KJ.837 1455 KL838 2300
        1,689 words
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      Page 29 Advertisements Column 1
      22 29 Vital alliances elude Delta Air Lines It is very profitable but needs to extend its global reach to stay competitive. Page 2
      22 words
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      Page 29 Advertisements Column 2
      165 29 Qantas warns Y2K concerns may disrupt some flights Hard to get accurate data from many critical service providers, it says. Page 14 GLORY SHIP MANAGEMENT I PTE LTD I I We are managing a large fleet of 41 vessels, comprising I I of tankers, bulkcarriers, loggers, RORO, PCC, I multipurpose
      165 words
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      Page 30 Advertisements Column 1
      764 30 ItUPER IHUTTUEEXPRESS l IOULF KARACHI EXPW -—J Vtssa I VOYAGE EM IMIIIIIIMMMMM" YKSa JU IMM I MM MO RAR COl PEG SM PtONEMiOYDDUDAI 4*~ 10/03 12/03 11/ M 14/03 14/03 23/03 27/03 20/03 OOQ JAPAN 31WS11 17/03 04/04 OOCLCHMA 30W512 24/03 11/04 PiO NBNIOYDBAHRAIN 141 17/03 It/03 10/03 21/03 24/03
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      Page 30 Advertisements Column 2
      774 30 Lnes services represented |01>| by Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES r-- SINGAPORE to BATAM, BINTAN, KARIMUN Y SINGAPORE to BANGKA ISLAND \.A I SINGAPORE to OLEGON SAMARINOA/BAUKPAPAN/BANJARMASIN TO SINGAPORE MANIIA/SUBIC BAY/LUZON TO SINGAPORE AcoyMf
      774 words
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      Page 31 Advertisements Column 1
      1095 31 SAX SERVICE (DIRECT) resa voy sua lax oik Imm hou 100 lea 1 m ktc 0)01 07/04 22/04 27/04 21/04 20/04 27/04 2S/04 20/04 29/04 29/04 0101 14/04 27/04 04/05 04/05~ 05/05 04/05 OS/OS OS/0S 06/05 06/05 AWIWQUOBt 0241 21/04 01/05 11/05 11/05 12/05 11/05 12/05 12/05 13/05 13/05 AfISAMONTX
      1,095 words
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      Page 31 Advertisements Column 2
      1852 31 ®HANJIN SHIPPING i|ikP| iifaMr<lOT -Sria *****30 hanjm shipping cs> m in> tan** lootmc ntmini saib 12*0774 7» oofunan 37*07/1774 offlunous 37*0754 tsi nam ink *****55 fax tttoho n» n swwoon TO NW USA A CANADA i O$A fftNflbA* "wva/w I- I SluS/vo? fsa tiw db, I m <n mr 1mlimI«
      1,852 words
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      Page 31 Advertisements Column 3
      390 31 >U LLT CONTAINBRIIIP PBPICATBP »■■¥!<■> IgT" KMTC PROVIDES HTUMXISHMIB "pr" MM MM nj* IMAM REGULAR BREAKBULK OWWOWMW WSS 11/ M \3M IVM MM M/M HM 7V04 pwmm wm ivw mm v/m mm ftFRVITF TO DCn OEA A. nanm as iw am ai ii/m mm pm mm mm tn¥,vc IV HCU
      390 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1284 32 DSR-SENATOR LINES TO UK/CONTINENT TOMEDITKRBAWKAWiCAKADA «na wr w» cm nm awh ham mv fu wg wr tw an I ro» |wx wnT MHWMrM WQtll 02 #4 MM M M ».M 23 M MM WASHMGTON SENATOR WMHI M M IIM H M 22 M MM 7* NMUM SMRUNCISaCO WIMI7 MM MM
      1,284 words
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      Page 32 Advertisements Column 2
      722 32 Cwlf: MM COffTR UHEt, WC P. qudamq: #r) 30W726 llJ\y \zJ hamjl^s2ji«««« »«RANO: (03) ***** JKT (21) ***** SSSIQ CALCUTTA MADRAS MV "ASIAN LINK" V.912N MV "KOTA WAWAR" V.MAWI99 ETA SIN: 10-4-99 ETA SIN: 6-4-99 SURABAYA SHANGHAI MV "JURONG BALSAM" V.030 MV "HYUNDAI ADMIRAL" V.318E ETA SIN: 4-4-99 ETA SIN:
      722 words
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      Page 32 Advertisements Column 3
      442 32 LINE I muawa I I lAMiam i vcsa vot nt eu msa vot rre r* 90UWM SPOCI LAN jrtosra vw/wiMM imm vo*i/w uh ci/m CAIAAAM332 VO7I/W 01/04 04/04 OHttltt VO7l/W 01/04 05/04 j nwsw vwi/w 07/04 10/04 J ntosrai von/* o;/w ii/m CARAKAM32 VOM/W 11/04 14/04 CAtAKA JKB2 VW/ff 11/04
      442 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1249 33 |VgBSgL VOY «IW PKO PEN POB DUB DAM I SHJ IBA BIK I IRAN TABATABAEI PJLI339 20/03 07/04 08/04 00/04 11/04 13/04 IRAN TEYFOURI PJLI34O 08/04 14/04 18/04 18/04 18/04 20/04 IRAN VAHDAT PJLI32O 12/04 21/04 22/04 23/04 28/04 27/04 IRAN BAAKERI PJLI34I 19/04 28/04 20/04 30/04 02/08 04/08 I
      1,249 words
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      Page 33 Advertisements Column 2
      1470 33 Wookly Solllaf Europe Mail Ports I Iwy Monday nd Satvrfey" J I 6SHIMTOMWAY HL 226 1900 FAX: *****0* OUTWARD (l/l) l l MM l Bß Esa i» i ki«. z, r»n mm H/M kau H**™** H/03 25*3 21/03 02*4 KTC MO6 ASM NM SGP i/K 7«/nj TW6HI/00«W 01*4 05*4 HEMBIWB
      1,470 words
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      Page 33 Advertisements Column 3
      323 33 Eastern Car Liner, Lm mmj-MwMMB \t\ ta(SINGAPORE) PTE LTD I SPECIALIZE 1 RORO C HEAVY UFT UPTO 450 TONsl Kl (SWSAPOtt) PTE UD LOADING FOR MANILA CHENNAI MV "OCEAN REYNA" VOY. ISA MV "MANDIRI JAYA" V.26 ETA SIN 03/04/99 ETA MNI 06/04/99 ETA SIN 06/04/99 ETA CHEN 14/04/99 CHITTAGONG/CALCUTTA/CHENNAJ PORT
      323 words
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      Page 33 Advertisements Column 4
      67 33 GOODRICH MARITIME PTE LTD TIL 744 7559 FAX: 744 9155 DIRECT BARGE SERVICE TO BONTANG, BAUKPAPAN ALSO ACCEPTING PROJECT CARGO VESSEL ETD TBN 05-06 APRIL SHIPPING PTE LTD Wmmkty LCL conmoMOmtioti mmrvkimu to MEXICO, CENTRAL SOUTH AMERICA Accepting cargo tor porta In Mexico, Quatamata. B Satomdor. Honduras, Nicaragua. Costa Aba,
      67 words
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      Page 34 Advertisements Column 1
      1186 34 A pPHI I S6P RDM ANW HBG THP ZEE LHV I LHV THP RDM AMW HRG Ml tno I I mvwewllu 7 ?JSI 221 2M£ 24/94 28/04 27/04 20/04 E RAC£H RE 2 04*3 06/03 05/03 07/03 (N/03 01/04 02/04 I s!y—.. y." oo j. 1 !5 4 30/04 05/05
      1,186 words
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      Page 34 Advertisements Column 2
      827 34 n f ADVANCE CONTAINER LINES (PTE) LTD Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL FO *OOKINGS PUASI CALL: *****22 SALIS A MARKETING *****21-21 OPERATIONS 2212M(V *****06 CR NO. IM3M4OOOOE mWKOK jWHjKWwt JAKARTA (7 MMM *21 »kk vtssa VOY «n KOTAHARTA IPAT/ICH) HTAOIS 1/4 Tfa 4/4 Sun KOTAMAJU fUTCI)
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      Page 34 Advertisements Column 3
      388 34 rev NANTAI LINE FUUY CONTAINERISED SERVICE TO WAURITIUS SOUTH AFRICA vtssa VOT SM InulDm|JW I en to muiwws 1033S 04/04 12/ M IW H/K 20AM W GOtDEK DU6OM Ml» 15/04 24/04 21/04 31/ M MAMUIQUa) VO34S 2t/04 04/05 01/05 ~n*T 12/05 l^T mmmmcon tons 05/05 m 11/ os 21*5 ms
      388 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      474 35 BSfl n. MalßllddiaieWßßSßg^^ Iflm MYANMA iBBk FIVE STAR UNE (Myaaaiar National Lin*) Loading for Yango (Rangoon) VBMI VOY SIN PB PH Nil MOON VISI SU> OONSMWf HAW V27W Sit MALAYSIA AGENTS: OOUSTEAD SMPPMG AGENCIES nA: Til (03)2417)00 PRL TEI (03) *****01 PW: m (04)1****** PGU: Til (07) *****21/4 BANK LINE
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      Page 35 Advertisements Column 2
      1321 35 HYUN^^AERCHANTMARINECOj^^D^^^^^^ IVBSa VOY I jfa I SOU lUN I RIM lAW I HAM IMYI IB I [VBSa VOYI SOU UH RIM ANT HA3 3MY ml MY CDRMHOOK 310W 01/04 19/04 24/04 21/04 22/04 TMMKS 5531 01/03 13/09 10/03 11/03 01/04 MM S2*W 02/04 23/ M 24/04 11/04 20/04 23/04 NOIACAJt
      1,321 words
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      Page 35 Advertisements Column 3
      1017 35 V nonwgion iprrtbad oKooomwi Wilhelmsen Lines Vi^£A-^ TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE* fVKSfi VOY RAMP HB6HT |SW lAX Otl 1 MIA SAV SAL 1 ORf I RYC I RH» atm tako TooT" 4001 ms "OS ~0*704 "W7ST TI7oT" li76T WST "*****" 5*75T WfT JUST WfT Toutcomc FW
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      Page 36 Advertisements Column 1
      598 36 BAHOKQK/ MAP TA PHUT/ LAIM CHAMHOI JAKARTA/PAN J A NO VESSEL VOY SIN~| BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA HARTA HTAOIS In Pt 04/04 KIT! BHUM 98SB 02/04 04A>4 YANTRA BHUM 264N In Pt 04/04 03/04 AKA BHUM 338S 03/04 07/04 MATHU BHUM 400N 03/04 07/04 08/04
      598 words
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      Page 36 Advertisements Column 2
      36 36 (OlSw LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarder! MANILA Alto accepting Heavy Lift ft Project Cargo Tel: 65-270 7996 Fax:6s-276 3740
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      Page 36 Advertisements Column 3
      430 36 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FJLL COMTA—WICWICE a Ivor J ihg' ail m m src m. mi w 4R—M> Its 11/MM/H U/» 14/44 14/04 H/14 W W/MH/M 14*4 n/M 34*4 »/N W/tS HOMO—ME ITS li/NI7/M »*<»*4l3*s W/B MJSTMtMWHWgIXS fa/MM/Mitt/Ml 107/»[i4/m|lVw|h/m| FEEDER SERVICE TO INDONESIA Y* W SPOtf SMUUTt ILNIMK
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      Page 36 Advertisements Column 4
      672 36 I !SL I J!!. I VIXE tyOBK)N YXtN (MOi OTKA 15.Q4 2QQ4 WO4 27/04 2MM iaSn I WLLEPEMMO6A V3W ttW 22(04 27/04 03W6 04A» 06W8 07/QS QM8 I V*-L£ DE TANYA T3IW 2a<>< 21/P4 29*04 Qjgg 1(V06 11/06 ***** IVO6 1MB I 06 TAURUS A&W 27/04 28AM 06/06 11/06 17/06
      672 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      57 37 (Retrieve more schedulesi) Press "1" ■wmm£r-& /v i Select the port and key in the four digit code eg: To New York (NYC) 2275 *j£) Key in your fax number your phone number S Another innovativ* ««fvfc« off#red by The document will be hipping Times &*J faxed to y° u
      57 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      35 39 New Aiwertisers/Services/Agencies [Usco SHIPPING LINE LIBYA BENGHAZI TRIPOLI See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEW GUINEA PACIFIC LINE Our Schedules Are On PG 5 H SWIRE SHIPPING AGENCIES PTE LTD.
      35 words
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      Page 39 Advertisements Column 2
      20 39 ORIENT PACIFIC CONTAINER UNE Look Up Our Schedules On PG 4 NEWSHIP AGENCIES CHECK OUT THIS SPACE FOR NEW ADVERTISERS
      20 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      157 40 C CD FREE Reader Enquiry Service S>< cut out and Fax to 65-*****29 n Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of
      157 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      120 41 11^ LEGEND: R Thunderstorm Temperature V Show#r Weather Wind drection with speed m knots Rom Cloudy Sky Wove height Surface winds ore mdkoted by arrows which ffy with wind One full circle represents calm or light ond variable winds i_ One haW Heche represents 5 knots J on hj fl#Ch
      120 words
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