The Business Times, 6 April 1999

Total Pages: 38
1 38 The Business Times
  • 13 1 THE BUSINESS TIMES MITApJWJipW^ 85c S INGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, APRIL 6, 1999
    13 words
  • 56 1 11 1 11 11 Dmao (+36.41) BT-SBI 6L5J9 13.56) DSZMSCI FUTURES 232.40 (+7.20) STOCK HABKET DQHCES Change KLSECOMP MM -4U NIKKEI 16J334.78 +44i>9 HANGSENG CM SET INDEX SM.7S 417 JAKARTA OOMP SK14 «t»l MANILA COMP —M41J? +11* TAIPEI WP! Cloaed SEOUL OOMP dosed CLSA CHINA B Closed AUSTALLOED
    56 words
  • 80 1 FOBEX KATES USI SI USt 1.714 £(US$/SI per S) LIN 1781 ElfRO(US$/S$ per E) 1.177 IM1 DM L817 0*4 YEN 1SL4 1.421* Mf 18M 0.464 BO 7.1ft 0224 BAKT 17.71 0.041 80PIAH— Sjm MM* •SffMimtn ram bates > SINGAPORE* MS KUALA LUMPUR 11JI JAKARTA 38.M BANGKOK 14.71 Manila rum
    80 words
  • 637 1  -  Economists more upbeat, bnt average forecast still at minnsOJ%:BTpoU By. Audrey Tan [SINGAPORE] While most economists had earlier expected the Singapore economy to recover only in the second half of this year, some now say the recession could have ended in the
    637 words
  • 598 1  -  By' Ven Sreenivasan [SINGAPORE] The Singapore stock market has started the post-results season with a bang, with property stocks continuing to lead a broadbased rally which saw the key market index soaring to its highest level in 15 months. The benchmark Straits Times Index gained
    Source: Bloomberg  -  598 words
  • 329 1  -  Japanese retailer, with 7 S'pore shops, rnns np 23b yen debt By: Rahita Elias [SINGAPORE] Japanese footwear retailer Americaya Shoe Co, which also operates in Singapore and Hongkong, was yesterday declared bankrupt by the Tokyo District Court. Americaya Shoe, established in 1925, has almost 100 stores
    329 words
  • 616 1  -  L-Jacob, Labroy Marine also earn A grade: survey By, Anna Teo [SINGAPORE] Nat Steel Electronics (NEL) is Singapore's most transparent listed company, followed by LindetevesJacoberg and Labroy Marine, according to a survey of more than 100 analysts. The survey, by Corporate Transparency Ratings Pte
    616 words
  • Page 1 Advertisements
    • 130 1 DfgPPE Fw book lovers The National Library Board will be opening a library at Ngee Ann City, P|2 lTstea rate est Bank Negara has slashed the three-month intervention rate by SO basis points to &5% in a move to further ease interest rates to revive the Malaysian economy, Pfß Nato
      130 words
    • 17 1 Export* seen lagging, Pg 2 Property stocks jump to 12.5-mth high, Pg 15 Market reports, Pg 20-24
      17 words
    • 333 1 Thanksto thetankan ""v X w i i>4 s t« I>, V i8R lliRnSn V \fl&. i af 1 J J ■Me 1L > [TOKYO] Investors watching trading on the floor of the Tokyo Stock Exchange were pleased yesterday morning. Share prices surged over230points in early trade following encouraging findings of
      333 words
    • 10 1 Too lew firms using Net to disseminate info, Pg 15
      10 words

  • SINGAPORE AT HOME & ABROAD
    • 380 2  -  National Library Board aiming LibraryQOrchard at readers aged 18-30 By] Marissa Chew THE quiet fifth floor of Ngee Ann City's podium block will come alive in August with book lovers visiting a new 1,500 sq m (16,000
      380 words
    • 220 2 174 nnits taken up in just two weekends of marketing CENTREPOINT Properties' D'Manor cluster housing project was sold out yesterday, after just two weekends of marketing. The 174-unit development at Tanah Merah Kechil Avenue was soft-launched over the Hari Raya Haji long weekend and
      220 words
    • 271 2  -  By\ Soh Tiang Keng SINGAPORE'S Insurance Ombudsman Bureau (IOB) handled 19 general insurance cases last year four more than in 1997. In its latest annual report, the bureau said that out of the 19 cases, 16 were outside its terms of reference. Two
      271 words
    • 478 2  -  One-third remission if he maintains his good behaviour By < Conrad Raj NICK Leeson, the rogue trader who bankrupted Britain's oldest investment bank, Barings pic, is expected to walk out of Changi Prison on July 3 after having served 52 months
      FILE PHOTO  -  478 words
    • 517 2  -  MAII.BAft Roland Ma, CPA Chan-Ma Co Singapore I REFER to Anna Teo's well-written article "S'pore reviewing need for auditing of private firms" (BT, April 5). I must declare my personal interest in this issue as a practising CPA. The reason often cited
      517 words
    • 315 2  -  EYE ON THE ECONOMY Outlook By Audrey Tan WHILE external demand has shown some signs of a pickup, Singapore's export competitiveness still lags behind that of its competitors, says DBS Bank in its latest Investment Quarterly. Hence, the bank expects Singa- pore's non-oil domestic exports to contract
      Source: Ministry of Trade & Industry  -  315 words
    • 348 2  -  59% of 1997*8 $41 Jb comes from real estate activities By] Eugene Low OPERATING receipts in the real estate and business services sector increased by 5.1 per cent to $41.5 billion in 1997, compared with $39.5 billion in 1996, a survey
      348 words
    • 367 3  -  Swedish giant to spend $10m over two years on R&D for wireless data applications By' Teh Hooi Ling ERICSSON will pump $10 million over two years to set up in Singapore its first CyberLab in Asia. The Swedish telecommunications
      367 words
    • 323 3  -  E-commerce is other high-growth segment: Dataquest By. Raju Chellam INFORMATION technology services and the rush to get into e-commerce will fuel the growth of IT in countries like Singapore between now and 2003, according to forecasts by researcher Dataquest,
      Source: Dataquest  -  323 words
    • 286 3 SINGAPORE is one step closer to accepting overseastested telecommunications equipment under an agreement endorsed by Apec telecoms ministers last year. The Telecommunication Authority of Singapore (TAS) said that Singapore had notified the Apec Telecommunications Working Group (ATWG) that it intended to start
      286 words
    • 312 3  -  By, Annette Pau THE government yesterday officially opened a new and expanded competence centre to boost the technological capabilities of local precision engineering (PE) companies. To be equipped with some $12 million worth of machinery and equipment by 2001, the Precision Engineering Application
      ARTHUR LEE  -  312 words
  • Page 2 Advertisements
    • 97 2 SES Properly Index hits 12-month high, Pg 15 Wc 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,
      97 words
    • 172 2 LI FUNG DISTRIBUTION (SINGAPORE) LIMITED (Incorporated in the British Virgin Islands) VOLUNTARY CASH OFFER FOR INCHCAPE MARKETING SERVICES LIMITED (Incorporated in the Republic of Singapore) REMINDER OF FINAL CLOSING DATE l| The Development Bank of Singapore Ltd ("DBS Bank") for and on behalf of Li Fung Distribution (Singapore) Limited ("LFDS"
      172 words

  • Page 3 Advertisements
    • 190 3 W2 J EPSON THE POWFR t O CRE ATI Break the speed barrier. II II NIW II'SON SIYI US COI OK 900 1111 ■.lln Hi •,pr.-<l Itllolll |)l 111 I I I»t\ 10 l.lkc yoill lulMlll".'. 11l .lIIOIIICI I > 1. 1 11 I•. in business, soeed :s of the
      190 words

  • FOCUS: PROPERTY
    • 814 4  -  While some properly majors, daunted by the downturn, have put projects on hold, others including JTC and Ayala Land are looking for opportunities From Al Labita in Manila TALK about the Philippine property market and no one is more upbeat about its recovery
      FILE PHOTO  -  814 words
    • 467 4 Rising migrant outflow has hurt housing demand, but construction sector npbe&t on outlook Bloomberg [WELLINGTON] Demand for new housing in New Zealand could be hit by rising numbers of migrant outflows but building companies are still hopeful of a pick-up as the economy turns around.
      Bloomberg  -  467 words
    • 146 4 Bernama [KUCHING, Malaysia] The Sarawak government has reduced the downpayment for the purchase of low-cost houses in the state from 1,500 Malaysian ringgit (*****) to RMSOO with immediate effect. State Housing Minister Celestine Ujang said: "We offered low-cost houses to successful applicants but they still
      Bernama  -  146 words
  • Page 4 Advertisements
    • 231 4 !|4 jBEB 9kJJ |H I Special Feature Shipping Times •27 April 1999 PCTftQ V I Published in conjunction with the Each of these topics is of crucial I Oceanology International 99 Pacific Rim importance to the Pacific Rim Exhibition Conference, this special countries and will ensure that the feature is
      231 words
    • 51 4 Factory In Tuas For Sale Single storey factory annexed to a 3-storey office with a single storey workshop and an incineration plant. Land Area Approx. 87,413 sq ft Gross Floor Area Approx. 56,123 sq ft Tenure 30 30 years w.e.f Sept 1990 Call Sole Marketing Agent CB Richard Ellis (Pte)
      51 words
    • 125 4 AMARA CORPORATE TOWER Brand New 12-Storey Office Tower at 100 Tra* Street Floor Area from 900 *q ft onward*. Approx. total lettable space of 50,000 aq ,r Close proximity to Tanjong PagarMßT Station, Taxi Stand and Bui Stop. Cloee to Bank*, Pent Skop* and Food Outlet*. ,r Ample Parking Space.
      125 words
    • 110 4 Colonial Bungalows Apartments for Lease Looking for a home with a fascinating history and unique T character and Qavour? I jHi We have many black white colonial bungalows and apartments situated on sprawling grounds in various locations in Singapore. Please call Ms Eleana Teo at Tel: 223 0028 for enquiries.
      110 words

  • ASIA'S ECONOMIC SLUMP
    • 440 5  -  Intervention rate slashed by 50 bps to help revive economy From. Eddie Toh in Kuala Lumpur THE Malaysian central bank has slashed the three-month intervention rate by 50 basis points to 6.5 per cent in a move to further ease interest rates to
      440 words
    • 344 5 Reuters, AFP [KUALA LUMPUR] Malaysian business groups, worried over the high cost of imports, yesterday urged the government to allow the ringgit currency to strengthen against the US dollar. Their call coincided with official data released yesterday showing that Malaysia's trade surplus jumped 88
      Reuters,; AFP  -  344 words
    • 133 5 Oana-TNA [BANGKOK] The Thai finance ministry is drafting additional tax incentive and investment promotion measures to further spur economic activity and private investment, a senior Thai official said here yesterday. Somchai Ridchupan, the director-general of the excise department, said that the new measures would
      Oana-TNA; REUTERS  -  133 words
    • 423 5 Girt My manages to borrow <L3t yen at Mow market rate FT [TOlfYO] The financing of Japan's banking reform programme took a big step forward last month when the government agency responsible for it successfully borrowed 6.3 trillion yen (SI9O billion) in public auctions.
      FT  -  423 words
    • 412 5  -  PM's hospitalisation dents market; White Paper on economy to be tabled today From Eddie Toh in Kuala Lumpur THE Malaysian stock market failed to extend its rise yesterday ahead of the tabling of a White Paper on the improving economy today. The Kuala Lumpur
      412 words
    • 302 5 AFP [JAKARTA] The Indonesian government proposes to establish an independent body to supervise the activities of banks and other financial institutions by 2002, Finance Minister Bambang Subianto said yesterday. Mr Subianto told reporters the proposed new body will form one of the
      AFP  -  302 words
    • 620 5  -  Sentiment Index edges up for first time since Q2 '97 From, Anthony Rowley in Tokyo AFTER nearly two years of deepening pessimism, business sentiment in Japan has finally turned the corner and has become cautiously optimistic, the Bank of Japan (BOJ) said yesterday
      620 words
  • Page 5 Advertisements

  • SOUTH-EAST ASIA
    • 347 6  -  Chao Phaya execs alleged to have wrongly given loans totalling 260 m baht From. Harish Mehta in Bangkok A DEFUNCT Thai finance company, Chao Phaya Finance Securities, has been charged in a Bangkok court with allegedly extending improper loans, becoming the first finance
      347 words
    • 318 6 DILI, East Timor Rebel leader's order follows killing of 17 by pro-Indon militia AFP JAILED East Timorese rebel leader Xanana Gusmao ordered, all East Timorese to wage war against Indonesian troops after he learnt that a pro-Indonesian militia had killed 17 East
      AFP  -  318 words
    • 321 6 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad remains in hospital with a lung infection and his condition is unchanged, an aide said yesterday. "He is OK," the aide told Reuters. "His condition remains the same." He was responding to stock market rumours
      Reuters  -  321 words
    • 200 6 KUALA LUMPUR AFP A ROYAL commission investigating injuries suffered by ousted Malaysian deputy premier Anwar Ibrahim in custody will present a report to King Tuanku Ja'afar today, the official Bernama news agency said. The three-man commission would also recommend action against Rahim
      AFP  -  200 words
    • 302 6 JAKARTA AFP THE registration of millions of voters for Indonesia's crucial June 7 elections got off to a sluggish start here yesterday with few registrants and many areas awaiting delivery of registration papers. Poll officials announced on Sunday that voter registration
      AFP  -  302 words
    • 652 7  -  LBTTHRFftOM JAKARTA Social Assure lines are now being manipulated bv parties more concerned with winning tho pnii« < n« <Tlt^ernt<on By Shoeb Kagda JNDONESIA'S human geography at times belies belief. In range and diversity, the country is ethnologically rich with 336 ethnic groups
      652 words
    • 115 7 MANILA Reuters VIETNAM and the Philippines have agreed to hold soccer matches between their troops garrisoned in the Spratly Islands to promote confidence in the disputed area, the Philippine Defence Department said yesterday. Defence Secretary Orlando Mercado made the proposal in talks with Vietnamese President
      Reuters  -  115 words
    • 256 7 BANGKOK He will visit Germany, Portugal, Greece and Belgium AFP THAI Commerce Minister Supachai Panitchpakdi is to head for Europe tomorrow on another mission in his campaign for the top job at the World Trade Organisation (WTO), sources here said. Mr Supachai is
      AFP; FILE PHOTO  -  256 words
    • 420 7 MANILA Tycoon will fork oat USs2oom in fresh capital: govt official AFP MAJORITY shareholder Lucio Tan will fork out US$2OO million (*****.7 million) in fresh capital to keep debt-lad-en Philippine Airlines (PAL) flying if it fails to draw new investors, a
      AFP; FILE PHOTO  -  420 words
    • 165 7 I KUALA LUMPUR Bridge News MALAYSIA'S key opposition party, the Democratic Action Party (DAP), said yesterday it would call for an urgent debate in Parliament today to discuss the viral outbreak. Its leader, Lim Kit Siang, said the party would call for
      Bridge News  -  165 words
  • Page 6 Advertisements
    • 48 6 "*">'*'" 3 t. i r 5 'a-ay electronic X 56.-.L adjustment ~>:"* A M >; v ji v it k■ ifit[jf' '/■>-. l 'cj t .v\ i v"M, 'ii <,< v't? 11 v r ip. O rc /O ■./.<•* c- Df i r r c /-'jn v.dc-c CParr-.c- Or s:t
      48 words

  • Page 7 Advertisements
    • 41 7 N r-o-js-run video channels. Or sit jp for a fresh menu specially created by renoAred Ajst r al:an ijr Perry -//.th a choice of .vines. Then recline to pondc-r business figures c f your K THE SPiRi T OF A USTRALIA
      41 words

  • CHINA-HOHGKONG-TAIWAN
    • 407 8 BEIJING Move comes on eve of Zhn Rongji's visit to US, Canada and as WTO talks intensify Reuters ON the eve of Premier Zhu Rongji's visit to the US and Canada, China yesterday announced that it had given business licences to four more
      Reuters  -  407 words
    • 256 8 BEIJING FT CHINA Unicom, the second state telecommunications carrier, plans to invest the equivalent of US$3 billion (Sss billion) in building GSM mobile phone networks to challenge China Telecom, the dominant state carrier. The plans are the latest sign that Unicom, which has
      FT; REUTERS  -  256 words
    • 232 8 BEIJING They bnilt lnxnry homes and hotels with public foods AFP CHINESE leaders have called for stiff penalties after local officials embezzled 264 million yuan (Ssss million) of public funds to build luxury homes and hotels, state media reported yesterday. Inspections found that
      AFP  -  232 words
    • 300 8 SHANGHAI Reuters THE clock is ticking for China's free trade zones as tighter tax and foreign exchange policies and Beijing's drive to join the World Trade Organisation (WTO) erode privileges that have made them special. The 15 free trade zones, which dot the
      Reuters  -  300 words
    • 240 8 BEIJING FT CHINA plans to launch a nationwide campaign this month to catch a multitude of cheats who evade taxes by using fake invoices and falsify, ing receipts, contributing to a strain on central government finances that ranks as one of the
      FT  -  240 words
  • Page 8 Advertisements
    • 324 8 IUIj.I.MIFELS Keppel FELS Limited (Incorporated in the Republic of Singapore) Proposed Merger Between Keppel FELS Limited and Keppel Integrated Engineering Limited "oM^re3o As°l ,he Scheme <xumem obt>ln copies of the Scheme Document during nonn.l busine» houn (a) the registered office of KFL at 31 Shipyard Road, Jurong Town, Singapore *****0;
      324 words
    • 576 8 THE RRST SCHEDULE Expression Meaning CDP or "Depository* The Central Depository (Pte) Limited "Depositor" and 'Depository Register- meani 9S to in Section 130 A of the Companies "Securities Account" a securities account maintained by a Depositor with CDP -KFL Shareholder," "H?* *•''•9*— holder is CDP. the term reUtKjn to such
      576 words

  • ASIA
    • 454 9 NEWDELHI It rejects demand for dismissal of minister, braces for battle in Parliament Reuters INDIAN Prime Minister Atal Behari Vajpayee's fragile coalition set itself on a dangerous collision course with one of its biggest partners yesterday, but said it was ready
      Reuters  -  454 words
    • 284 9 ALMATY, Kazakhstan Central bank stopped supporting tenge from yesterday Reuters KAZAKHSTAN has abandoned the defence of its fixed exchange rate and will let its currency, the tenge, find a free market value, Russia's Interfax news reported on Sunday. Interfax quoted central bank chief Kadyrzhan Damitov as
      Reuters  -  284 words
    • 63 9 [NEW DELHI] Tibetan activists chant a prayer and one displays a placard featuring Tibetan activist Thupten Ngodup, who immolated himself in Delhi last year, during a demonstration near Parliament in New Delhi yesterday. About 100 protesters demanded that the UN Human Rights Commission meeting in Geneva
      AFP  -  63 words
    • 242 9 DHAKA Fake deals inflated shares, lnring investors, say prosecutors AFP A FORMER chairman of the Dhaka Stock Exchange, Bangladesh's premier bourse, has been charged in court with luring investors to buy shares in fake transactions as part of a 1996 market scam, lawyers
      AFP  -  242 words
    • 172 9 ■BOMBAY AFX-Asia THE Nitish Sengupta committee has proposed the takeover of Cochin Refineries Ltd and IBP Ltd by the state-run Bharat Petroleum Corp Ltd (BPCL), The Economic Times reported. The committee was appointed by the ministry of petroleum and natural gas to recommend ways
      AFX-Asia  -  172 words
  • Page 9 Advertisements
    • 846 9 Integrated Engineering Keppel Integrated Engineering Limited (Incorporated in the Republic of Singapore) Proposed Merger Between Keppel FELS Limited and Keppel Integrated Engineering Limited The directors of Keppel Integrated Engineering Limited wish to announce that the Scheme Document relating to inter alia the scheme rwKT) hoEe« n Sord£!° n h t
      846 words
    • 1065 9 THE FIRST SCHEDULE Expression Meaning "CDP" or "Depository" The Central Depository (Pte) Limited Depositor" and "Depository Register" have the respective meanings ascribed to them in Section 130 A of the Companies Act Chapter SO "Securities Account" a securities account maintained by a Depositor with CDP KIE Shareholders registered holders of
      1,065 words

  • THE WORLD
    • 409 10 LONDON Reuters BELGRADE, not Nato, has seized the initiative in the war for Kosovo and is dictating the logic and tempo of the conflict, military analysts said yesterday. "We are nearly two weeks into the Nato campaign and all we have
      Reuters  -  409 words
    • 513 10 THE KOSOVO CRISIS Alliance members to begin airlifting 100,000 stranded Kosovo refugees Bloomberg, AFP, Reuters [BELGRADE] Nato intensified attacks against Yugoslav army forces as members of the 19-nation military alliance prepare to airlift at least 100,000 Kosovo refugees stranded at the border with
      Bloomberg,; AFP,; Reuters; AFP  -  513 words
    • 235 10 WASHINGTON Bloomberg PROFITS after taxes at major US manufacturers fell during the fourth quarter of 1998 to the lowest level in three years, the Commerce Department said. Retailers' profits were higher. After-tax profits at major manufacturers averaged 5.1 cents per dollar of
      Bloomberg  -  235 words
    • 307 10 LONDON FT BANK regulators have had to delay an overhaul of international bank capital adequacy rules after last-minute objections by Germany. The Basle committee of banking supervisors was scheduled to publish this Friday its proposals for sweeping reforms to its 1988 capital agreement the world
      FT  -  307 words
    • 206 10 MOSCOW AFP THE rouble crashed through the 25-to-the-dollar barrier yesterday, closing trading at a rate of 25.11 against the US unit, its lowest level to date. The rouble lost 28 kopecks on moderate volume of US$l35 million (***** million) of trade, the Itar-Tass news
      AFP  -  206 words
    • WORLD Watch
      • 100 10 Reuters, AFP [TUNIS] Libya yesterday handed over the two suspects in the 1988 Lockerbie airliner bombing to die UN for trial in the Netherlands, making legal history and ending more than a decade of waiting for families of the 270 people killed. Abdel Basset al-Megrahi,
        Reuters,; AFP  -  100 words
      • 143 10 AFX-Asia [LONDON] Microsoft Corp chairman Bill Gates has dismissed suggestions that the US Justice Department's lawsuit against the company could culminate in the break-up of Microsoft, the Independent newspaper reported. In an interview with Mrmrnnr published this week, Mr Gates says Microsoft is being
        AFX-Asia  -  143 words
      • 104 10 Reuters [LONDON] Britain's struggling engineering industry slipped further into recession in the first quarter of the year and is unlikely to recover significantly until 2000, the Financial ffmnewspaper said yesterday. ft said the latest survey from the Engineering Employers' Federation, due to be released tomorrow,
        Reuters  -  104 words
      • 67 10 Reuters [BAGHDAD] Western warplanes bombed and destroyed another control station on a pipeline used by Iraq to export oil via its southern terminal of Mina-al-Bakr, the Iraqi News Agency INA said yesterday. IN A, quoting an oil ministry spokesman, said the raid took place
        Reuters  -  67 words
  • Page 10 Advertisements
    • 3 10 i«±M JHBj3 mm
      3 words
    • 36 10 GOURMET CONGEE WITH EVERY GOURMETT~ CONGEE /jjm/fe Choose 1 Free from 5 selected J4 popular choic< Ijm further nonce) 538 6066 Present this ad to set a 80/81 Boat Quay S'pore *****8 Fr66 Privilege Card d
      36 words
    • 338 10 COUDERT BROTHERS International Attorneys Coudert Brothers, founded in New York City in 1853, it a leading international law firm with 26 offices worldwide. Corporate and Financial Lawyers IK Singapore Due to strong business growth in our regional practice, our Singapore office, established in 1972, requires enthusiastic lawyers who are client
      338 words

  • FOCUS
    • 2081 11 S pore needs to unleash the creative potential of its citizens and get maximum performance out of people and organisations to reach common goals The following is an extract of a speech Deputy Prime Minister Lee Hsien Loong gave at the Administrative Service annual
      FILE PHOTO  -  2,081 words
  • Page 11 Advertisements

  • EDITORIAL & OPINION
    • 854 12  -  TUB BOTTOM UMB OPINION By Anthony Rowley The writer is BT's Tokyo correspondent SPARKS have begun to fly in the world of economic development with the arrival earlier this year of Tadao Chino as president of the Asian Development Bank. He and
      854 words
    • 115 12 'General Shelton and Secretary Cohen think we need to change the culture of the Pentagon, and make people more alert to the dangers that can flow from being too generous or you could say profligate or lax with operational details.' Kenneth Bacon the chief Pentagon spokesman, on
      115 words
    • 681 12 EDITORIAL ONE by one, the elements of Japan's economic recovery are slotting into place, the latest being yesterday's announcement by the Bank of Japan (BOJ) that sentiment among Japanese business firms improved in March for the first time in nearly two years. The process of
      681 words
    • 928 12  -  They can cut the fiar-al deficit ai>^ pave the way for opening op many closed industries By] Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT THE changes in India's ex-port-import policy announced on
      928 words
    • 962 12 IT IS not often that representatives of the global bond markets clash with the International Monetary Fund (IMF). But moves by the IMF to encourage a number of developing countries to default on their foreign bond obligations have sent many into a lather. Apart from the
      962 words

  • EXECUTIVE LIFESTYLE
    • 633 13 Oliver! songwriter Lionel Bart dies at 68 of cancer NYT [NEW YORK] Lionel Bart, the composer, lyricist and playwright best known for the musical Oliver!, died on Saturday in Hammersmith Hospital in London, his longtime hometown. He was 68. The cause was cancer, his
      NYT; FILE PHOTO  -  633 words
    • 881 14  -  28-year-old American thrashes his British opponent in the Davis Cup and the fans go wild. bu. Barclay reports from the sidelines BILL BARCLAY AFP American Jim Courier kept his cool amid pandemonium in the National Indoor Arena on Sunday to win a marathon five-setter
      AFP  -  881 words
    • 462 14 GOLF He is first since 1974 to win four contests before The Masters LAT-WP [DULUTH, Georgia] David Duval has continued his marvellous early season play by winning the Bell South Classic to become the first golfer to win four tournaments before The Masters since Johnny Miller
      LAT-WP  -  462 words
    • 532 14  -  By Ven Sreenivasan [SINGAPORE] As predicted last week, after having rebounded from lows in October last year, golf club membership prices seem to be levelling oVit. In fact, the prices of two of the most expensive clubs even fell slightly last month,
      532 words
  • Page 13 Advertisements
    • 373 13 WllPrP tf) WlflP Hinp and PYlfartoin Offers Personalised Cash Access SI to apply. iU nmC umc ana cnienain... 1^^*****545 1 wlßwiiHHr^N^i* Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. $22 (Adult) £15 (Child) for 4 to 5 persons £20 (Adult) £15
      373 words
    • 85 13 I ADVENTURE- I 1-30 April 1999 I Secretaries' I I Week Special Featuring 2 specially H choreographed fashion show from Australia 19-23 April 1999 12noon 2.30pm I Mandarin Ballroom, per person Reservations: I 333 Road S.njupof* 23M67 7}« 2342 Moussandra serves a variety of Mediterranean food. You should try our
      85 words
  • Page 13 Miscellaneous
    • 737 13 CRVFTIC CROSSWORD 26 A memorial on the wrong site would be (10,5) 7 Unfamiliar mathematical YESTERDAY'S SOLUTION DOWN quantity (7) 1 father said to bent in the sto- 8 t*" l oh and ISUdUI 1 (7> .u 15 It goes up when the rain 2 Agree with me taken from
      737 words

  • Page 14 Advertisements
    • 58 14 I a I Concorde Kuala Lumpur Concorde Shah Alam What's your drift today? CONCORDE H°T E 1 s A KESOKTS MALAYSIA KUALA LUMPUR (*****1-H): 2 Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia. Tel: (03) 244 2200 sh AH ALAM (*****8-U): 3 Jalan Tengku Ampuan Zabedah C9/C, Seksyen 9,***** Shah Alam,
      58 words

  • COMPANIES & MARKETS
    • 388 15  -  Surge fuelled by strong sales at new projects, return of foreign buyers By< Corinne Kerk [SINGAPORE] The SES Property Index yesterday broke through the 600-point mark to close at a twelve-and-a-half-month high, driven by news of strong take-up rates at launches of new
      Source: Bloomberg  -  388 words
    • 484 15  -  OCBC Local shares gain 40 cents to $9.66 with 2L3m shares traded By\ Siow Li Sen [SINGAPORE] OCBC is outperforming its peers in the stock market, with its Local tranche reaching a five-year high yesterday as the market seems to vote it
      FILE PHOTO; Source: Reuters  -  484 words
    • 759 15  -  HOCK LOCK SIEW Catherine Ong RECENT reports that the Global One phone venture is near collapse did not come as a surprise to those in the telecommunications industry, even though it was subsequently denied by Deutsche Telekom and France Telecom. The
      759 words
    • 614 15  -  By* Anna Teo [SINGAPORE] Too few Singa-pore-listed firms tap the Internet to provide investor information, or have any investor relations function. And some firms said they were careful about releasing information as they were "traditionally conservative". These are some of the
      614 words
    • REGIONAL COMPANIES
      • 528 16  -  It denies baying 13 other units owned by DRB-Hicom group From\ Ruth Wong in Kuala Lumpur IN a move that could end the pricing stalemate after more than five months of negotiations, Petroliam Nasional Bhd (Petronas) has appointed a UK-based independent valuer
        528 words
      • 202 16 [SINGAPORE] Keppel Fels Energy Infrastructure Ltd, the company to be formed by the merger of Keppel Fels and Keppel Integrated Engineering (KIE), will most likely trade its new shares on May 24, the companies said. In a circular dated March 30, they
        202 words
      • 293 16  -  By, Jennifer Lien [SINGAPORE] Provisions Suppliers Corp (PSC), which last month posted a 57 per cent jump in 1998 net profit to $6.9 million, yesterday shed more light on its sharply improved results. In a statement to the stock exchange, PSC said its
        293 words
      • 257 16  -  Indon unit plans to take USsl3J>m loan from Itochu By I Soh Tiang Keng [SINGAPORE] Asia Food and Properties (AFP) has bought equity stakes in three Indonesian companies. They are Rawa Bangunnyaman, an oil plantation company; Pratama Ronaperintis, an investing holding firm; and
        257 words
      • 472 16  -  $2.72 m guarantees needed to file defence gjptinrt OT.r*g rlaimg By < Conrad Raj [SINGAPORE] Hong Leong Finance has obtained summary judgement for a claim of $2.72 million against the estate of the late Jack Chia who founded a publishing, property and trading empire bearing
        472 words
      • 268 16  - 84.1% acceptance for Li Fung's cash offer ffyi Christopher Tan [SINGAPORE] Li Fung Distribution (Singapore), the company that is buying over Inchcape Marketing Services (IMS), has garnered 84.1 per cent acceptance for its cash offer still below a stipulated mark for a better offer price. Financial adviser DBS Bank yesterday
        268 words
      • 69 16 [TOKYO] Makoto Hosoi, an employee of Japan's electronics venture Temco Japan, wearing a headset for military communications called HG-17 which features bone<onduction speakers and a bone-conduction microphone at the company s head office in Tokyo yesterday. The HG-17 enables a person to speak and listen to
        AFP  -  69 words
      • 183 16 [SINGAPORE] Printing and publishing firm SNP Corporation will pay US$B.7 million (5514.8 million) for an 87 per cent stake in a Thai printing company which produces pop-up books for children, mainly for sale in Europe and the US. .SNP said yesterday the ac-
        183 words
      • 213 16 [SINGAPORE! PSL Holdings yesterday said its inability to meet turnover expectations was due to a number of factors, including delays in ongoing projects. The engineering and construction company posted a 1996 turnover of $26.4 million, some $9 million off a figure it stated
        213 words
      • 573 16  -  Ailing b&nk in Tier-1 C&Dit&l Dl&n. giving Jr i govt right to change top management From Harish Mehta in Bangkok THE president and chief executive officer of Thailand's fourth-largest bank, the troubled Siam Commercial Bank (SCB), yesterday said he was resigning
        573 words
      • COMPANY Briefs
        • 111 16 [SINGAPORE] Singapore communications and network systems integrator Datacraft Asia said yesterday ha chairman and chief executive officer Derek Petsr Althorp had raised his stake in the company to 1.52 per cent Datacraft said Mr Althorp exercised hi* share options at U551.375 a share, raising
          111 words
        • 69 16 [SINGAPORE] DBS Bank yesterday said that it wouki merge the operations of it* subsidiary, NDC Merchant Bank, together with its own. NDCs business and undertakings, comprising all assets and liabilities, will be transferred to DBS. This will result in improved customer service snd
          69 words
        • 47 16 [SINGAPORE] Isetan managing director Nobuo Ishii and directors Gen Pukuhara and Takaahi Terasawa have resigned. The company said yesterday that Mr Ishii has been replaced by Hiroyuki Owada, effisctlve April 3. Mr Owada, 51, was previously the general manager of Isetan's Tachikawa store.
          47 words
        • 122 16 [SINGAPORE] Giving further details on its half-year results, Second Chance Enterprises said the cloture of two gold outlets and two Second Chance outlets had caused turnover to fall 30 per cent to $14.0t million. The apparel division sew higher pre-tax profit despite lower turnover because
          122 words
    • INTERNATIONAL COMPANIES
      • 448 17 Growing demand fuelled by networking and wireless applications Reuters [SAN FRANCISCO] Even amid signs of weaker-than-ex-pected personal computer demand, US chip makers are expected to report solid first-quarter earnings this month, as networking and wireless applications fuel more demand. So far, only
        Reuters  -  448 words
      • 596 17 ITALIAN TAKEOVERS Showdown on Sat as Telecom Italia shareholders vote Reuters [MILAN] Olivetti managing director Roberto Colaninno's US$65 billion (Ssll2 billion) bid for Telecom Italia faces a crunch week that will determine the outcome of the bid and the future of both companies.
        Reuters  -  596 words
      • 350 17 FT [LONDON] The next stage in the battle for control of Gucci, the Italian fashion company, will start tomorrow when its senior executives will be presented with an US$B bil-lion-plus bid by their counterparts at LVMH, the French luxury goods group. At the
        FT  -  350 words
      • 392 17 GSM extending its reach globally at much cheaper prices Bloomberg [WASHINGTON] Iridium World Communications, which lost 28 per cent in its stock price last week on doubts over its funding and subscriber growth, faces other obstacles selling its global satellite-telephone network.
        Bloomberg; FILE PHOTO  -  392 words
    • COMPANIES/FINANCE & COMMODITIES
      • 376 18 Daiwa Securities SB Capital Markets launched with 206b yen capital Bloomberg [TOKYO] Sumitomo Bank Ltd, Japan's second largest bank and and Daiwa Securities Co, the country's No 2 brokerage, may seek a foreign partner to support some products and services at a joint
        Bloomberg  -  376 words
      • Article, Illustration
        71 18 [ISLAMABAD] Money makes the world go round, and the prospect of it is enough to call for a good old knees up. Pakistani passers-by yesterday danced to the tune of traditional drummers outside a Muslim Commercial Bank (MCB) branch in Islamabad, as the MCB launched a "MAALaMAAL (wealthy)
        REUTERS  -  71 words
      • 191 18 Bridge News [BANGKOK] Thai Military Bank estimates that it will be able to restructure 15 billion baht (Ss6B7 million) of nonperforming loans by June in a move that will cut its NPLs as a percentage of outstanding credit to 32 per cent
        Bridge News  -  191 words
      • 285 18 But Petronas, Telkom, Tenaga officials keep mnm Bridge News [SINGAPORE] Persistent rumours have been swirling in the market recently that a handful of Malaysia's statelinked companies are considering bond issues to fond their projects, traders said. Oil company Petronas is said
        Bridge News  -  285 words
      • 698 18 Critics of bond rescheduling say it might push ap the cost of debt FT [LONDON] It is not often that representatives of the global bond markets clash with the International Monetary Fund (IMF). But moves by the IMF to encourage a number of developing countries
        FT; FILE PHOTO  -  698 words
      • 507 18 Fortune 500 toting of largest US companies by 1996sales RANKING COMPANY 1996 SALES RANKING COMPANY 1998 SALES *98 *97 US$B»LLION <97 US$8ILLI0N 1 1 General Motors $161.3 51 49 Johnson Johnson $237 2 2 Ford Motor $144.4 52 56 BellSouth $23 1 3 4 Wal-Mart Stores $139.2
        507 words
      • 275 18 AFX-Asia, Reuters [LONDON] Cable Wireless pic is planning to create a new global networks company, controlled by the parent group, incorporating all the cables infrastructure whose ownership is at present divided among subsidiaries around the world, the Sunday Times reported. It is believed the
        AFX-Asia,; Reuters  -  275 words
      • 177 18 Bloomberg [KUALA LUMPUR] Malaysia is halting the import of cheaper natural rubber from Thailand and Vietnam, in a bid to help its domestic rubber industry after world rubber prices fell 25 per cent in the last six months. "Imported rubber is making rubber cheaper,
        Bloomberg  -  177 words
      • SMALL Change
        • 82 18 AFX-Asia [BANGKOK] Krungthai Thanaklt {dans to separate the finance and securities business of the 12 finance companies it has acquired, in order to restore financial health after taking over the firms as requested by the Bank of Thailand. It said it foiled to meet the net
          AFX-Asia  -  82 words
        • 70 18 Bloomberg (LONDON) Prudential Corp, Britain's largest insurer, is reviewing its &9 per cent stake in insursr SI James's Place Capital since thestake may soon rise to a point at 2 which it must sell or offer to buy shares. Prudential is examining what to do about
          Bloomberg  -  70 words
        • 54 18 AFX-Asia [TOKYO] France's Societe Generate and Goldman Sachs of the US will Join Nomura-EBJ Investment Services, the pension-ftmd alliance of Nomura Securities and Industrial Bank of Japan, Kyodo News Agency reported. It said the firms will join a pension ftind management service to be offered
          AFX-Asia  -  54 words
        • 69 18 Reuters [MANILA] ABN Amro Bank has signed a memorandum of understanding to acquire controj of Great Pacific Savings Bank, a unit of House of Investments. "The proposed acquisition would allow ABN Amro to establish a foothold in the Philippine banking market and to expand
          Reuters  -  69 words
        • 65 18 AFX-Asia [BANGKOK] SG Asia Credit expects to resolve its capitalisation problems by June 30, the company mfrV "SG Asia Credit (is) prepared to resolve its financial shortfall (via) recapitalisation (by) June 30. The Bank of Thailand has already agreed with the plan," it said.
          AFX-Asia  -  65 words
    • FINANCE & COMMODITIES
      • 229 19  -  m ri« Reports MSCI Singapore Index Bob Butcher, Jardine Fleming A SHORT-lived push to the lows in the first few minutes of trading in the MSCI Singapore Index led to nowhere but a bear trap. Although many markets were closed around the region,
        229 words
      • 275 19 Reuters [JAKARTA] Indonesia's annual cocoa output may reach between 450,000 and 500,000 tonnes by 2005 as plantation area expands, officials at the Indonesian Cocoa Association said yesterday. "Our output may reach as high as 500,000 tonnes by 2005. We can easUy reach this," PS
        Reuters  -  275 words
      • 226 19 EMERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed as some California refineries resumed operation and big oil producers began a reduction of oil supplies. After surging as much as 40 per cent this year, prices
        Bloomberg  -  226 words
      • 326 19 Bloomberg New York THE US dollar rose to a onemonth high against the yen as a survey showed business confidence in Japan improved less than expected in the first quarter, fueling expectations interest rates there will remain near zero. "People had already discounted any improvement" in the quarterly
        Bloomberg  -  326 words
      • Article, Illustration
        864 19 Apr 5 Ffr P" g Y«» Wo, a mm* aiM< Sfr WTi *HPm* IKS SET L052 a95 l S u5 12! E5 JS SISS-SI °«2 I-JS "H >-100 lW 0.941 2L020 23.923 OJ95 <U35 0*» o.»o 0180 0?2 flS fti2 2 S-JS fS I* 5 1251 hj» >.«? 4.m 0.990
        864 words
      • 1516 19 SICOM FUTURES A pr5 K51 COMTRACTft ctttiVkQ) CIom VotaM OSM U» fctt (tWH) 100.50 775 102.75 150 ***** 200 **2 ***** MO $3i2L« W2 5 fct/D«t9* M»25 675 issJceimtttTflftcMbte vmm opm wp Uw mt et—m) toUmt *22 57.25 MS •5?2 58.75 1700 »J0 1760 '•8 55 M.50 1760 0et/D«c99 63.25
        1,516 words
    • 841 20 Takeovers and tie-ups in sector hit record USs49b in last four months Bloomberg [PARIS] Takeover and merger agreements in the European drug industry reached a record US$4B.9 billion (5584.8 billion) in the last four months, and investors are betting there's more in store.
      Bloomberg; FILE PHOTO  -  841 words
    • 1602 20 AFP n Nikkei 225 +44.50 SHARE prices in Tokyo closed 0.3 per cent higher yesterday as investors were relieved by the results of the key tankan survey which showed a slight recovery in business sentiment, brokers said. The key Nikkei 225 index surged to this year's high of 16,634.79
      AFP  -  1,602 words
    • KUALA LUMPUR STOCK MARKET
      • 7342 21 Com—wr prefects 1*** Last Vat Day Nat Cap H»gfc Law Campaay Ha OOP H» iw M 310 255 Ajtnomoto 270 ua )qq a 83 46 Angkasa 66 6 21 69 62.5 973 283 220 Apollo Food Hlg 220 77 mo 204 115 Bafjaya Land 136 -6 132 144 136 2
        7,342 words
      • 320 21 AFP P Composite Index -4J3 MALAYSIAN share prices closed 0.8 per cent lower yesterday due to profit-taking on selected index-linked stocks by retail players, dealers said. "The bourse was up in the morning session and retail investors took profits in the later session," an institutional
        AFP  -  320 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1973 22 BOMM, LOANS ft VAMAMTS 52-Wk m Mtafc l~ Val Day Last Quait Av* nun Lew stno Cempany Sat* *«r- COOO) High Law Buyer SaHar Mm 'Acer ******1USS 14 *1 549 14.5 13.5 14 I4J 27 4 5 3164 Acma ******4 20.5 *1.5 2046 21.5 20 20.5 21 18 AIITach ******7
        1,973 words
      • 207 22 Or 6r L«t V* Day Last Oust* Ot* OK VM MM M Cap HHH m» »M Ciimwy m« coop) hi» l— mrr* tmm cw m f* 235 173 5123 CDC (2000) HK 230 Cd 230 8 2.4 3 5 T1.8 5124 Cathay Pac 20c HK_720 cd 265 2.1
        207 words
      • 206 22  -  WARRANT WATCH -By Ven Sreenivasan OUT-of-the money warrants are stUl being hotly pursued by retail players heU-bent on making a quick buck. Yesterday's actives list featured once more a bunch of penny warrants. WhUe the appetite to punt on near-expiry warrants began with the UIC warrant, the
        206 words
    • 317 22 AFP guana* ♦iaj> PHILIPPINE share prices closed 0.6 per cent higher yesterday amid expectations of lower inflation data for the month of March, analysts said. The Composite Index added 12.96 points to close at 2,041.17. A total of 1.3 billion shares worth 1.16 billion pesos changed hands yesterday— AFP
      AFP  -  317 words
    • Article, Illustration
      703 22 AFP Composite Index -MUI INDONESIAN shares closed 0.2 per cent higher yesterday as giant rights issues unveiled as part of a recapitalisation programme sparked volatility in financial sector stocks, dealers said. The Composite Index closed up 0.91 point at 395.34. Turnover totalled 273.6 million shares valued at 103.33 billion
      AFP  -  703 words
    • Article, Illustration
      916 22 AFP PjSETlndg -437 THAI shares fell 1.8 per cent yesterday as anxiety mounted over the poor health of the finance sector, dealers said. Analysts said trading was hit by reports that the Stock Exchange of Thailand had imposed restrictions on Krungthai Thanakit and SG Asia Credit, as they had
      AFP  -  916 words
    • 6786 23 Or Of M *1 M WI Last Val Day Last Ouott W* 01* YM Cap A»f Hf> liw ><m C>mpny Sal# COOP) Uw iMyir Stitr C'vf r MHLTHMOSTRY 128 17.5 m b 1000 Acma 50c 78 cd *3.5 863 78 75.5 77 78 10
      6,786 words
    • 1334 23 S2-W* Last VM Day Last Ouota Dtv Dfv YM Nat Cap A*g Ml» Lai ttWa Ciwpaay Ut» COOP) mm Law Biiyr 8—ar Cw Pft Wn MANUFACTURING v '95 30 C 2049 AS Auto K)C 100 *11 ***** K>3 90 100 K>2 15 N 7 L5 9.4 114.2 97 79.5
      1,334 words
    • STOCK EXCHANGE OF SINGAPORE
      • 310 24 Stack! VotaKM Hotel Prop 30,577,000 GES Intl Ltd 20c 24,413,000 Wing Tai 25c 20,908,000 Orchard P 50c 17,668,000 CSC Sys S Engg 5c 13,716,000 Keppei LandWOO 13,620,000 AS Auto 10c 13,203,000 EconWtOO 12,462,000 Liang Huat Wt 12,173,000 Keppei Land50c 1 H,546,000 Stadu Wing Tai 25c -33,518,045 DBS Land Hotel Prop
        310 words
      • 622 24  -  STOCK MARKET COMMENTARY Factors cited: 1998 large write-offs, economy and property market showing signs of bottoming oat By Ven Sreenivasan THE Singapore stock market got off to a strong start yesterday on optimism that corporates were headed into a better year foUowing
        622 words
      • OH THE GRAPEVINE
        • 118 24 ONE BT reporter called up OCBC Bank's switchboard and asked for the new head of Its newest division, the Non-Performing Asset Management unit Back came the operator's almost immediate reply, "You mean the NPL unit?", which the reporter gathered was a reference to the non-performing loans unit
          118 words
        • 116 24 WILL the Malaysian stock market, which has shed a lot of fiit in over a year, get to be smaller than the real economy? It just might According to data from the latest Bank Negara report, market capitalisation tumbled to374.5billion Malaysian ringgit (S$170.8 billion)
          116 words
        • 86 24 THE riverbank land for the development of the KL Linear City—originally touted to be the longest building in the world—may revert to the Malaysian government. The pro)ect remains frozen after more than a year following the government's move to shelve mega infrastructure projects to ease
          86 words
        • 78 24 SINGAPORE'S OUB Securities is believed to be eyeing a piece of the action is a Malaysian stockbroking firm. According to market talk, OUB Securities is keen on a tie-up with Johorßaru*baeedPJß Pacific Securities. Talk has it that OUB Securities was initially looking to take a 30
          78 words
        • 47 24 HERE'S your chance to see 128 intelligent mice trying to win a robotic rat race. Just run to the Great World City atrium from today to Thursday to see the mice pit their intelligence (artificial of course) against one another at the 9th Inter-School
          47 words
      • Article, Illustration
        73 24  -  By Ven Sreenivasan OCBC bank's local stock, which has been climbing steadily in recent days, is currently above its 52-week high ot $9.45. Although the RSI indicates that the stock is overbought, it has solid long-term support at just above $8 as it heads towards its next target
        73 words
  • Page 15 Advertisements
    • 38 15 No. 1 best selling club In Japan. fii^. NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. sr-3ffl"> r- v mr~?a+.r*r> v er-ic* <*c c v«»o s+mmmmmm*J l I I I I Flex available: M R2andS2
      38 words


  • Page 17 Advertisements
    • 68 17 tf PUBLISHED W ,T *Zl^^^^^®BflH®tffci _—^-ikj^i^r^T^^SiK^iiiiiatgssSSS 0 What your competitors get up to. First thing in the day, the International Herald Tribune alerts you to events around the world that will affect you locally It spots the early warning signals and points out the risks and the opportunities. Straight and
      68 words



  • Page 20 Advertisements
    • 28 20 Personal Finance Unit Trusts •Property l\rl\ wfi UIJJ •Stocks •Epicure Style •Motoring •Travel Wg v v Mf in THE BUSINESS TIMES. iyiflOs for your long weekend. V J
      28 words



  • Page 23 Advertisements
    • 68 23 f calling about /See...l told\ /The card we're\ the computer I Y ou this was a making for Susan J y advertised in J good deal.X Yup, we got what V is going to be J Vjhe Straits Times J f J* S f we wanted because real nice! 1
      68 words

  • Page 24 Advertisements
    • 941 24 Toothache? See your dentist investment advice 7 You need DBS Investor Online Get the Best Cil 038-1188 SSI tI'.SBANK NOTICES IHtIIUIFELS I Keppel FELS Limited I (Incorporated in the Republic of Singapore) I (Formerly known as Far East Levingston Shipbuilding Limited) I U*****,000,000 1.5 per cent. Unsecured I Convertible Bonds
      941 words
    • 13 24 It advertise yew simply fun 741 1198 •r Call toll-free: 1800 741 1883
      13 words

  • SHIPPING TIMES
    • 414 25  -  Manila to focus efforts on complying with revised STOW convention From. Alec Almazan in Manila THE Philippines continued to be the single largest supplier of seafarers to the world merchant fleet in 1998, with the number of Philippine seafarers deployed overseas reaching 193,300.
      414 words
    • 409 25  -  By] Felix Chan [SINGAPORE] Economic crisis or not, the organisers of Boat and METS Asia '99 are gunning for 35,000 visitors to show up for Asia's forthcoming marine leisure showcase. This year's event marks the first time that the respective organisers of the
      409 words
    • 278 25 5 O m CWTDtHrtXHIan 0.59 0.03 60 ChuanHup 0.70 (UU 597 C«sco m»*itm*n< 0.54 0.02 65 rratgM Link* ate uach 2101 C0HoMbi9« 0.42 0.01 44 HaiSunHup 033 0X3 1W9 IMC HoMlnft-HK 5.60 undl 0 J«Y« »<**ngi 0.71 -0.04 534 JuronaSNpyarri 7.15 0J5 197 K*ppM Corp 4.74 0.02 1700
      278 words
    • 274 25 Reuters [MADRAS] India's southern Madras port is planning to handle 37 million tonnes of cargo in 1999/2000 (AprilMarch), a senior port official said. "We'll be handling about 36 million to 37 million tonnes next year," Chennai (Madras) Port Trust chairman P
      Reuters  -  274 words
    • 287 25  -  By] Marcus Hand [SINGAPORE] APL, the container shipping arm of Neptune Orient Lines (NOL), inked a deal yesterday with Dutch marine paint specialist Sigma Coatings to advertise on its containers. In an innovative agreement worth over $500,000, which APL believes to be the
      287 words
    • 306 25 Strikers agree to return to the negotiating table Reuters [SANTIAGO] A» crippling two-day strike by workers at ports across Chile ended last week when leaders of the stoppage agreed to talks with high-level government officials, port sources said. The strike, coming at the height
      Reuters  -  306 words
    • 175 25 Bloomberg [NEWPORT NEWS, Virginia] Newport News Shipbuilding Inc, the world's largest maker of nuclear submarines and aircraft carriers, is the target of a strike by 9,000 hourly workers, the United Steelworkers of America said. The workers went on strike at 12.01 am East Coast time
      Bloomberg  -  175 words
    • 1081 26 IMTBRNET SHOPPING Online retailers acquire a reputation for hiding shipping and handling charges until the last stage of transaction NYT CAR dealers have a reputation for waiting until the last minute to reveal hidden charges to unwary customers. The Internet may be developing a similar
      NYT; FILE PHOTO  -  1,081 words
    • 211 26 PACE ECL 5 ACL i 6 AN L 3 foongSun 8 Accord 8 6Link Appwship 5 Gemartrans 8 Austral 8 1 Baiaji Shpg 4 3 BSA 7 Heung-A 4 Btang Mas 8 H rwxUi 7 CCNI 1 \cn 3 CMA 8 Interasia 7 COSCO 5 Intertransport 5
      211 words
    • 20400 33 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Viud Voyaga Talaphona ETA ETA AdvartHar Vnul Voyaga Talaphona **!—PggL —*gg Ninbac Numtar SIN OtsTn Nama Wo— Numbar Number D ,r> l*u /in .v •./>»-. 17/04 29/04 ANL POND BRISBANE ITS 69-*****55 To ABIDJAN (ASJ) 2003 Cot* D'lvolrt 23/04 20/05 cosco xibohe oobe
      20,400 words
    • SHIPS IN PORT
      • 615 37 VmmI Voy Mo Bfth knhtt Ngrtgl Bt Hindi Jay 0)0499 J01 alongside 06.04/0100 Bt Mustika *****9 J01 alongside 05.04/2300 Bt Scjjti *****9 JOt alongside 05.04/2300 Chenclneb888 T***** J02 alongside 06.04/2300 Gsh 210 50SA J14 atonqside 05.04/2359 Pec Chung Mm 161 J09 alowjsxle 09.04/0700 Rubin Lotus 76 J22 alongside
        615 words
      • 1815 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/BoUnco Rstts Ship Voy No Etb/Btr Portod From To From fci M>K« 023* 06/W00 t* OS/BOO 05/1659 05/1900 04/1500 05/1659 05/1900 in OO/MOO M OS/BOO •VMM OVUM 09/1900 05/1459 05/1*00 U 05/1700 06/0659 06/0900 a OS/TWO 06/0659 06/090C 06/0700 06/1159
        1,815 words
      • 191 37 Apr Greece: Orthodox Good Friday. Apr 12 Greece: Orthodox Easter Monday. Apr 17 Brunei: Hijrah Anniversary of Royal Brunei. Indonesia: First Day of Muharam. Malaysia: Awal Muharram. Apr 28 New Zealand: Anzac Day. Apr 26 Australia: Anzac Day Holiday. Apr 22 Japan: Greenery Day. Apr 20 Denmark: Generai
        191 words
      • 752 37 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index* change
        752 words
      • 401 37 Carton 180 Max 998.1 14 18 4 0.09 59 0.07 Mar 25 Density Water InMw Ask AhiaMva tedlaeet Ho above E25 2 1 15 0 0 0 JTZ" 380 Aw 985.1 03 12.9 0.06 38 0.02 In 380 Max 994.2 LI 18.9 0.11 250 0.06 WW)
        401 words
    • AIR & LAND TRANSPORT NEWS
      • 497 38  -  Passenger load factor in Feb rose 9.9 percentage points to 75.2 per cent from a year ago By. Felix Chan [SINGAPORE] Singapore Airlines (SIA) saw its load factors improve for a third straight month in February, boosted by higher passenger traffic. The
        FILE PHOTO  -  497 words
      • 445 38 European group favoured over Boeing as supplier of 12 new long-haul aircraft Financial Times [STOCKHOLM] Scandinavian Airlines System, the three-nation Nordic airline, is likely to place a 13 billion Swedish kronor (552.69 billion) to 15 billion kronor order for long-haul aircraft with
        Financial Times  -  445 words
      • 622 38 AFP [NEW YORKJ The US automotive industry is betting on fuel cell-powered cars as an alternative to internal combustion engines in the 21st century, analysts say. "We have seen over the last years a competitive race between manufacturers to
        AFP; FILE PHOTO  -  622 words
      • 1580 38 OTY FUCHT tTA FU6HT CTO $***** 2359 AiaUM 8A738I mo 8A7382 2055 FW—M SQ9M 17W $0990 0W5 £5 *—<—WC S0803 1905 C23S4 0910 COM IMS SW04 MB "THU tfc IM VW741 OW W740 t4W —rr! zZ wire na stKtlifB >023 0705 GA972 0010 u t y.i
        1,580 words
  • Page 25 Advertisements
    • 28 25 Internet shopping Watch out for shipping costs Online retailers acquire a reputation for hiding shipping and handling charges. Page 2 He freight market wu doaed on Good Friday
      28 words
    • 454 25 SlA's load factors rise for third straight month Passenger load factor in Feb rose 9.9 percentage points to 75.2 per cent from a year ago. BaokPafe People Thomas Milter (Asia Pacific) has appointed Harry Lawford p as chairman from April 6. Mr Lawford wilt assume responsibility for the activities of
      454 words

  • Page 26 Advertisements
    • 634 26 f north amspuca H i [SUPER SHUTTLE EXPRESS IQULF KARACHI EXPfKSS (OKX) 1 msa wyt6t g ~T""*"ST' M M VBSa I VOT I XA I DM OAM I MB I KM COl I PI6 Sm" OOQ OfINA 30W512 24/03 12/04 OOCi IMTAIM 23W513 31/03 10/04 POO MBUOYD DAMU* 44f 24/03
      634 words
    • 86 26 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hong Kona 4am Chh». ikvbwy tmub j tUH YlttKU VtSSII VOY ITD SI ETATYO ETA KM ETAYOK ETA NGO ETA OSA HOUSTON ****** MWTt UtM I Tun
      86 words
    • 763 26 Lnes services represented u WemtiefS <he Registry of Naii.i Singapore Freight Forwarders Accredited Shipping Agents. ClUy Association j vg*«».y Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD 4y convitmom somas ,|j|. SINGAPORE to BATAM, BIKTAM, KARIMUN SINGAPORE to BANGKA ISLAND A SINGAPORE to CILEGON L^&eJ SAMARJNDA/BAUKPAPAN/BANJARMASIN TO SINGAPORE"" MANILA/MM BAY/LUZON
      763 words

  • Page 27 Advertisements
    • 1084 27 SAX SERVICE (DIRECT) vtssa vor mm um |qm|mh|hou 100 ax \m* m myc Plot 07/04 22/04 27/04 2»/04 21/04 27/04 21/04 20/04 79/04 29/04 Old 14/04 27/04 04/05 04/05 05/05 04/05 05/05 OS/OS 00/05 06/05 AWTWOUOCI 0241 21/04 06/05 11/05 11/05 12/05 11/05 12/05 12/0$ 13/85 13/05 ygrcyrc. out a/Q4
      1,084 words
    • 1698 27 Cmhw Swrin IMK QO HANJIN SHIPPING mJrl t Ms Mr* l* Mb *****31 n** o swrrwic (Si rn iron* Umm. cm kxxong *****35 737 saus *****74 731 documht ********** onunotts *****50 251 hajn une *****55 fai 777w« rc mh 15wwww I TO NW USA A CANADA US CANADA* Ft* oam
      1,698 words
    • 430 27 FULLY CONTAINIRISI D DIDICATIO lIRVICII WT_ jw_ n6 WT JUL J«_ a aa Wi J\ M T V KJHTC ULSAA 004S 02/ M M/M 11/ M 13/ M 14/ M ttKtHIUW 005S 04/ M OiM MS> 07/ M 11/04 13/ M IS/M 14AM HTWBiitfMHa 077S W/M 14/ M 11/ M
      430 words

  • Page 28 Advertisements
    • 1392 28 DSR-SENATOR LINES TO UK/CONTINENT TOMEPrFERRANEANCANADA wa WY mT* ia HTM WW HAM liwv IfU ifttMH VOT Ml MT tn rot WX I MTW HMUNIXMM WOT 7 KM 0108 02 OS B.M XO4 12 06 JMrMKMATOR WMT7 MM SM 27 M 21M It M M M HMUN VALENCIA WWII 13 M
      1,392 words
    • 720 28 OWVIJ «**<»«> *****9 MAMUL(US)B*****4 gssass, sssssggss CALCUTTA I MADRAS MV "ASIAN LINK" V.912N MV "SEA MARINE" V.SMNOS7 ETA SIN: 10-4-99 ETA SIN: 15-4-99 SURABAYA SHANGHAI MV "JURONG BALSAM" V.031 MV "HYUNDAI ADMIRAL" V.318E ETA SIN: 11-4-99 ETA SIN: 8-4-99 HAIPHONG VANCOUVER MV "VAN XUAN" V.E5089 MV "HANJIN HONGKONG" V.079E ETA
      720 words
    • 454 28 UNE WBr tii mm* »mm r —MUARA vtssa vor m ni vcssa vor hi eu SPOtf NUAIA SPOH UN JPMSPEt VQ7I/MM/M 11/ M JPtOSPB VO7C/M M/M 11/ M CAIAIAJKMI VOK/M 11/04 IS/M CMMAM332 VM/M 12/ M 14/ M "•ow vo*/w ii/M 21/ M j mam vok/m ii/m n/M CMAKAJN332 VOK/Mn/M2S/M
      454 words

  • Page 29 Advertisements
    • 1342 29 VESSEL VOY SIN PKO PEN PQB PUB DAM I SHJ I BA BIK IRAN TEYFOURI PJLI34O 00/04 18/04 19/04 20/04 22/04 24/04 IRAN VAHOAT PJLI329 12/04 21/04 22/04 23/04 20/04 27/04 IRAN BAAKERI PJLI34I 19/04 28/04 29/04 30/04 02/06 04/06 IRAN SHAHRIAR PJLI344 26/04 06/06 06/06 07/06 09/06 11/06 IRAN
      1,342 words
    • 2240 29 Waakly Mr*<t Calif ta "1 Kaba (4 Ray«), Nagoya (7 Day*), I Takya (t Dayt) J I SINGAPORE'S GCNERAI AGENTS: b SHENTON WAY TIL: 226 1900 FAX: *****0J OUTWARD (l/l) I COSTAR SHIPPING PTE LTD #17-MMSILDG SAUS/MGS 420SSS7/60 INWARD DEPT (D/O) *****15 COSTAR AGENCIES (M) SDN BHD WO: *****M0000M TOWWTWO
      2,240 words

  • Page 30 Advertisements
    • 945 30 i*6P ROM ANW HM TOP ZEE LMV LOT TOP RDM ANW HBO PKL tGP 04 1)M 3W NM H« HM MN Ml E. REPUTE RE-811 11/03 13*3 12*3 14*3 11*3 88*4 88*4 MB 18*4 87*8 12/06 HM IM6 11*6 12*8 E ROUND RE-034 11/03 20*3 18*3 21*3 23*3 15*4 18*4
      945 words
    • 1185 30 n ADVANCE CONTAINER LINES (PTE) LTD MvL: JEL *****21, FAX *****1#, TELEX RS ***** ACLPL FOR •°OKINOSPIfAS« CAU; *****22 SALES A MAKKETINO *****21-26 OPERATIONS: *****00/ *****06 CR NO. *****M0000E IAMOKOI _v*ssa ygY sw mn vasa I vor mn jkt~ KDTABATNA jPAT, ICH) I SNAIOS 7/4 V*d 9/4 Fri SNAESUBYA Oil
      1,185 words

  • Page 31 Advertisements
    • 446 31 i BSA n. MYANMA wBBk FIVE STAR UNE (Myamnor National Line) 1 Loading for Yangon (Rangoon) vnsa vor s* pkl pm pgu MIRG4* VISI Sift OON SMWI HAW V77W SU) MALAYSIA AGENTS: OOUSTIAD SHIPPING AGENCKS KIIL m (03)*****00 PKL TU (03) 37*4101 POt Til (04) 2****** PGth TH (07)*****21/4 BANK
      446 words
    • 1226 31 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa ~voT "5T sou |um am ant ham |wv| w. 1 Ivcsa voY|sou|ißi|RTM|AßT|HAM|m| Fa sm DANUM 544W 00/04 20/04 01/05 20/01 20/04 NOiCOtAL 00*1 10/03 20/03 14/03 l*/03 07/04 TYNI 527W 04/04 30/04 01/05 25/04 27/04 MT ADMBAI 3101 15/03 20/03 17/03 »«/W 00/04
      1,226 words
    • 1210 31 V non**gian ymrmiztd oukxarrmn ©s®as Wilhelmsen Unes TO NORTH AND UTIN AMERICA "RORO HEAVYUFT SiRVKE' jVISSEI VOT WIGHT |SW LAI CRL W SAV HI |Q« nvf 1 HWt 1 tako loos 4001 ms 6.3* 1W 00/ os ii/os ir/os M/ 05 IsW WT WoT WST WSi~ TOURCOMG F909 4001 m
      1,210 words

  • Page 32 Advertisements
    • 1843 32 BANGKOK/ MAP TA PHUT/ LAMM CHABANO] JAKARTA/PAN J ANQ VESSEL VOY SIN BKK |MTP|LCH VESSEL VOY MN JKT PJN DANU BHUM 38N In Pt 10/04 00/04 ANRO OOWA* 079 In Pt 10/04 I NANTA BHUM" 440N 07/04 10/04 11/04 GURU BHUM 123S 08/04 11/04 YAWTRA BHUM 286N 06/04 11/04 10AM
      1,843 words

  • Page 33 Advertisements
    • 51 33 SHIPPING LINE ORIENT PACIFIC 1 CONTAINER LINE LIBYA BENGHAZI TRIPOLI Look Up Our Schedules On PG 4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES NEW GUINEA PACIFIC LINE CHECK OUT THIS Our Schauta At. On PG 5 H SWIRE SHIPPING NEW ADVERTISERS AGENCIES PTE
      51 words


  • Page 35 Advertisements
    • 60 35 Dial 740-6000 on demand (Retrieve more schedules!) sApress-r c JtV Select the port and key In the four digit code eg: To New York (NYQ 2275 Key in your fax number I your phone number Another innovative service offered by The document will be SHTPPINf, Tl\f FS faxed to you*
      60 words

  • Page 36 Advertisements
    • 151 36 s free Reader Enquiry Service cut out and Fax to 65-*****29 T 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: t ADVERTISERrPRODUCTS/SERVICES Saw an advertisement in Shipping Times of a
      151 words

  • Page 37 Miscellaneous
    • 130 37 LEGEND: R Thunderstorm Temperoture c X\ V Shower Weather -V Wind direction with speed in knots e Ram V/ Cloudy Sky Wov# he, ht SoHace winds are indicated by arrows wfcidi «y with the wind \ZJ h* circle represents calm or bght and variable winds i—». One holf Heche represents
      130 words

  • Page 38 Advertisements
    • 30 38 ■PBBBBHBBOM^BMMMBBBBI iSg^^'rd'-w' ***** *^rt2cS^§S^^^ 3B^SBBj^Sß^ r js r .r"* 11 j y t i»jta r n>i 11 irSrHfeiSsS < <^^ *•«#<#■«» Wednesdays Asian View by Yang Razali Kassim TheßusinessTimes i i r i
      30 words