The Business Times, 13 April 1999

Total Pages: 36
1 36 The Business Times
  • 11 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-timei.asial.com.sg/ TUESDAY, APRIL 13, 1999
    11 words
  • 61 1 □m IHL2B (-8/98) wmvr-SMi U 9SU6 (+0.25) riSDBGimDBES mm MBJO (-0.80) CIMiBIETBOODe El Mixed STOCMAIKET HUMES Monday Change KLSECOMP 171.41 *il NIKKEI l«jH74#—44&» HANO SENG 11,744,74 —-MM SET INDEX ITttt -117 JAKARTA COUP _4X1.1I 4M MANILA COUP _W» TAIPEI WPl 7J414« m SEOUL COUP «M4 *Ut CL8A CHINA
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  • 72 1 FOBEX BATES USt SI UBS— L7* £(USS/Slper£)— U17 t»l EURO(USt«lperE} UM tM DM \m IM YEN UM_trt4** RM U* MW HKI— 7.741 1» BART «*7 RUP1AH tm—«•' FUME SATES SINGAPORE* ..6.826 KUALA LUMPUR 11.6# JAKARTA 28.00 BANGKOK 1471 MANILA ZZJO HONG BONG TAIPEI &M SYDNEY 8.46 TOKYO in SEOUL
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  • 649 1  -  IME to be turned into shell company before buying five Cathay firms By Rahita Elias [SINGAPORE] Loss-making IMM Multi-Enterprise (IME) is to be given a complete makeover by cinema chain Cathay Organisation Holdings through a reverse takeover. Choo Meileen, Cathay's chairman and chief
    ARTHUR LEE  -  649 words
  • 573 1  -  Move expected to make GIC managers more accountable for their performance Byi Catherine Ong [SINGAPORE] The Government of Singapore Investment Corporation (GIC), one of Asia's biggest fund managers, has split into three companies under a major reorganisation which bankers and brokers say would
    573 words
  • 769 1  -  Getting S'pore investors back is important: SC chief From Diana Oon Abdullah in Kuala Lumpur A "WIN-WIN solution" that is "mutually acceptable to both parties" could be found soon to the issue of frozen Clob shares, the chairman of Malaysia's Securities Commission
    SIN CHEW JIT POH  -  769 words
  • 302 1  -  Tokyo and Hongkong stocks take a bigger fall By R Sivanithy [SINGAPORE) Worries over how Wall Street will open the new week and steep falls in Japan and Hongkong yesterday slowed down the pace of recent gains in regional equities, although the
    302 words
  • 52 1 Bloomberg [NEW YORK] Wall Street stocks pulled ahead at midday yesterday after slumping in early trading in a broad sell-off triggered by Compaq Computer's earnings warning. By Ipm EST, the Dow Jones Industrial Average was up 61.33 points at 10,235.17, overcoming an early 77-point
    Bloomberg  -  52 words
  • Page 1 Advertisements
    • 112 1 mauiß lit Property Odiimn Shangri-La's decision to collect parking fees and risk antagonising patrons highlights a dilemma faced by hotels, Pg4 QIC npuihf fNMM6 Cycle Carriage will buy into one more dealership and restructure its interest in another, Ft 13 MmtIUM The battle for control of Bangkok's listed five-star Regent
      112 words
    • 46 1 %Ju*t like NOL buying APL to become a global player, It shows Spore's foresight In attracting someone respected In the shipping Industry worldwide Desmond Tamaki of the Port Authority of New York and New Jersey on the appointment of Remming Jacobs to NOL. Shipping Times, Pql
      46 words
    • 12 1 Editorial: Win-win hope for Clob investors? Pg 10 Market reports, Pg 18-22
      12 words

  • SINGAPORE AT HOME & ABROAD
    • 566 2  -  System recognises S'pore English, Mandarin; service free during trial ran By' Wong Wei Kong CHECKING on your favourite stock? Just pick up the telephone, dial a number, say the name of the stock and get the latest price quote. This is the
      SIEW YAW HOONG  -  566 words
    • 283 2  -  By\ Rahita Elias PAULANER Brauhaus Consult and Lufthansa's airport restaurant arm have formed a 50-50 venture to reopen German microbrewery-cum-res-taurant Paulaner Brauhaus at Millenia Walk in May. The new Paulaner Brauhaus will start off with a paidup capital of about $500,000 which would be spent
      283 words
    • 261 2 Reuters INDONESIA'S long-awaited interim report on the mysterious December 1997 crash of a Silk Air Boeing 737-300 failed to shed light on the cause of the disaster. "The AAIC (Indonesia's Aircraft Accident Investigation Commission), after 15 months of exhaustive investigation efforts, is still not
      Reuters  -  261 words
    • 526 2  -  Exchange ready to respond if there's demand: president By\ Siow Li Sen THE Singapore International Monetary Exchange (Simex) is ready to launch regional interest rate contracts, including the Singapore dollar, if there is market demand, said Simex president Ang Swee Tian. In
      526 words
    • 406 2  -  By\ Eugene Low GERMAN specialty chemicals manufacturer Merck is investing about $100 million in its operations here over the next few years, said Jurgen Eichler, director and general manager of the company's electronic chemicals division. He was speaking to reporters yesterday at the opening
      ARTHUR LEE  -  406 words
    • 385 2  -  By- Audrey Tan SUPERMARKETS may have the lion's share of the grocery trade here but mini-marts such as 7-Eleven are seeing better profit growth, a study released yesterday by the Department of Statistics (DOS) found. The paper showed that despite conventional wisdom about economies
      Source: DOS  -  385 words
    • 445 3  -  Contract is for largest systems integration project in Ada By] Raju Chellam EUROPE'S largest IT consulting group, Cap Gemini, has clinched a contract worth about $100 million from phone operator Star Hub for systems integration and IT services. The project covers services
      445 words
    • 389 3 Leaders swop views on regional and intl developments The Straits Times [BANDAR SERI BEGAWAN] Prime Minister Goh Chok Tong and Brunei's monarch, Sultan Hassanal Bolkiah, had a four-eyes meeting yesterday at which they reaffirmed their countries' warm and close bilateral ties. The two
      The Straits Times  -  389 words
    • 258 3  -  nan.B*B Lee Kheng Joo Hongkong THE chorus of "Singapore lacks talent" has gotten a little too loud. As there are only three million of us, the chances of having an Einstein or a Bill Gates among us is slim. The flip side to this constant
      258 words
    • 155 3  -  Wong Kee Wah Singapore MY wife and I both bought an invest-ment-linked policy from a leading insurance company here in 1995. Unfortunately, we dealt with an unprofessional and unethical agent, who misled and induced us into purchasing the policies with a
      155 words
    • 98 3  -  Eric Ang Teck Sin via Internet Singapore YOUR article "Clob investors were net buyers of KL stocks during Asia crisis" (BT, April 9) clearly stated the facts. Political leaders must recognise that as far as business is concerned, all are profitoriented, whether speculators or investors and no
      98 words
  • Page 2 Advertisements
    • 327 2 A) SOUTHERN ILLINOIS UNIVERSITY y Carbondale, Illinois, USA American MBA Internationally Accredited by AACSB 18 months 11 modules 495 contact hours Fully Accredited by NCACS 100% taught by University's professors 2nd Intake in Singapore Starting May '99 0 100% in Sin B a P ore Management Education Centre MMBawBEI One
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  • Page 3 Advertisements
    • 6 3 Buy It. Sell It. Find It.
      6 words
    • 148 3 mmmmiM */j —J_!?sr I VsJF r r B\ H M «BP* W»flH Engine technology has with virtually no engine wear! So if you are (afcv advanced rapidly. Engines are being built smaller and have hhl fl unsurpassed performance, whatever car you to withstand enormous pressure. Be it on drive, you'll
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  • FOCUS: PROPERTY
    • 248 4 Xinhua [BEIJING] China could be in for real estate trouble if the central government does not take measures to maintain an appropriate growth rate in property investment and create effective housing demand, the China Daily newspaper reported over the weekend. "There are indications that
      Xinhua  -  248 words
    • 714 4  -  THE PROPERTY COLUMN Shangri-La's decision to collect parking fees and risk antagonising patrons highlights a dilemma faced by many hotels By Lee Han Shih YOU know Singapore hotels are in trouble when Shangri-La starts charging for parking. Shang, arguably the best hotel in
      714 words
    • 170 4 Reuters [SYDNEY] The Australian government said yesterday it intends to outsource management of its As2.B billion (Ss3 billion) non-defence property portfolio, comprising more than 800 properties in 50 countries. The government would seek a strategic alliance with one or more private sector managers, the
      Reuters  -  170 words
    • 415 4 Lower interest rates likely to boost demand: Agents Bridge News [HONGKONG] Centaline Property Agency managing director Shih Wing-ching said he believed lower interest rates in Hongkong could boost buying interest in the local property market. "Cash is no longer king," Mr Shih said, explaining
      Bridge News; FILE PHOTO  -  415 words
  • Page 4 Advertisements
    • 491 4 PRIME INDUSTRIAL LAND FOR SALE Address 200 Bedok South Avenue 1 Land Area Approx. 174,246 sq ft Existing GFA Approx. 37,972 sq ft with a redevelopment potential of up to 435,000 sq ft Tenure HDB Leasehold 60 years wef 1 June 1972 Ground Rent 5512.00 per annum Permissible Plot Ratio
      491 words
    • 67 4 jfL CUSMMAN& H V WAKEFIELD. See beyond the expected I NEWLY FITTED OFFICES I FOR TAKEOVER I (at subsidized rents) I Republic Plaza 3,600 sqft upwards I UOB Plaza 500 sqft upwards I SLA Building 2,300 sqft upwards I Kcppel Tower 2,600 sqft upwards I Ngee Ann City Tower 760
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    • 9 4 VISIONS FUTURE <,/v BETTER THAN DREAMS nf t/iC' PAST
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  • ASIA ON THE MEND
    • 571 5 Analysts say move is prompted by the need to keep the won from rising too fast Reuters [SEOUL] South Korea yesterday said it planned to pay off US$7.7 billion (5513.2 billion) of its massive loan from the International Monetary Fund
      Reuters; REUTERS  -  571 words
    • 523 5  -  Three-part plan drawn np to bring region back on track Byi Conrad Raj [SINGAPORE] The US$lO billion (5117.3 billion) Asia Growth and Recovery Initiative (Agri) held its first meeting in Singapore yesterday with Thailand being the first country to come up with
      523 words
    • 388 5 Bloomberg [BEIJING] China's trade surplus was almost eliminated last month as imports surged on rising domestic demand and exports continued to shrink, state media reported yesterday, citing customs data. Imports in the first quarter totalled U5532.99 billion (Sss7 billion), up 11.6 per cent
      Bloomberg  -  388 words
    • 131 5 Bloomberg [KUALA LUMPUR] Malaysia yesterday defended its move to impose capital controls in September and argued that such steps were needed to safeguard its recovery. The economic recovery and currency stability currently enjoyed by some of the crisis-hit countries might not last, said the National Economic
      Bloomberg  -  131 words
  • Page 5 Advertisements

  • SOUTH-EAST ASIA
    • 198 6 KUALA LUMPUR Bridge News, Reuters MALAYSIA'S Prime Minister Mahathir Mohamad, who was discharged from hospital yesterday, said he has recovered significantly but has to have complete rest at home, national news agency Bernama reported. "I am not allowed to receive
      Bridge News,; Reuters  -  198 words
    • 496 6 JAKARTA Trial is the first of a member of Suharto's family since he stepped down AFP AN Indonesian court yesterday formally accused the youngest son of former president Suharto, Hutomo "Tommy" Mandala Putra, of corruption linked to a multi-million-dollar land exchange scheme.
      AFP  -  496 words
    • 153 6 KUALA LUMPUR AFP MALAYSIA'S former deputy prime minister Anwar Ibrahim says he has no regrets ahead of this week's verdict in his corruption trial, and is preparing for a life of contemplation if jailed. Still defiant toward Prime Minister Mahathir Mohamad, Anwar
      AFP  -  153 words
    • 363 6 JAKARTA Minister reacting to Habibie adviser's comments on autonomy plan AFP INDONESIAN Foreign Affairs Minister Ali Alatas yesterday dismissed as "pure speculation" comments by a presidential adviser that Jakarta was preparing a Hong-kong-style of autonomy for East Timor. "Hongkong is Hongkong.
      AFP  -  363 words
    • 379 6 KUALA LUMPUR ELSE ready by May, 95% of financial bodies compliant Reuters MALAYSIAN regulators said yesterday the nation's capital market is on track to protect itself from the Year 2000 computer bug, but that some companies needed to speed up. The government alone
      Reuters  -  379 words
    • 59 6 [BANGKOK] Two Thai women yesterday drenching a foreigner with water pistols during the Songkran Festival in Bangkok. The Songkran waterfestival marks the Thai New Year. During the festivities, the Thais throw water at each other in a traditional new year blessing and as a
      AFP  -  59 words
    • 294 6 KUALA LUMPUR Reuters MALAYSIA yesterday said it had not manipulated the death toll from a viral epidemic after US researchers cited a higher number of fatalities. The US Centers for Disease Control and Prevention (CDC) in Atlanta said on Thursday that
      Reuters  -  294 words
    • 250 6 JAKARTA AFP JAKARTA is investigating Japanese allegations that its contractors had paid billions of yen in bribes to Indonesian tax authorities, a senior official said yesterday. "We're investigating it. We'll look over the documents first," the head of the National Development Planning
      AFP  -  250 words
  • Page 6 Advertisements
    • 95 6 As Part Of Its 7th Anniversary Celebrations Financial Planner A Channel News Asia Is (I In*l w b if AWARD CATEGORIES m Bank Of The Year Card Of The Year Insurance Company Of The Year To Salute Excellence In Fund Manager of The Yr.,r Financial Services Sector Stockbroker Of The
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  • CHINA-HONGKONG-TAIWAN
    • 302 7 HONGKONG AFP THAILAND'S candidate for the top job in the World Trade Organisation (WTO) threw his support behind China's 13-year bid for membership in an interview published here yesterday. Thai Commerce Minister Supachai Panitchpakdi, who is vying with New Zealand's Mike Moore for the WTO
      AFP  -  302 words
    • SINO Briefs
      • 59 7 Reuters [BEIJING] China hopes to finish a five-year, 250 billion yuan (5151.8 billion) investment programme in railway construction by 2002, the official China Daily said yesterday. China's railway lines would be extended to more than 70,000 km, it quoted Cao Qing, development and planning
        Reuters  -  59 words
      • 83 7 Bloomberg [BEIJING] Asea Brown Boveri, the world's biggest electrical engineering company, said it won an order worth more than US$34O million (*****.7 million) to supply power transmission equipment for China's Three Gorges dam project. The equipment will be used to transmit power eastward from the dam
        Bloomberg  -  83 words
      • 62 7 Reuters [BEIJING] China has issued regulations to punish colour television makers who indulge in cut-throat price wars, the People's Daily said yesterday. Enterprises found selling below cost by offering discounts and subsidies or other means to cut television prices would be fined or have
        Reuters  -  62 words
      • 91 7 AFP [BEIJING] Chinese technicians have developed the country's first software program to clamp down on increasing pornography on the Internet, the People's Daily said yesterday. The programme, developed by researchers at Qinghua University, uses artificial intelligence technology to analyse data being downloaded off the
        AFP  -  91 words
      • 72 7 Reuters [TAIPEI] Taiwan's military will conduct small-scale drills in May to test its ability to fend off marine landing attempts by rival China, the defence ministry said yesterday. Dubbed Cheng Kung or "Success", the live-fire manoeuvres will take place on Penghu island in the Taiwan
        Reuters  -  72 words
    • 410 7 BEIJING Move is aimed at boosting demand for shares of large state enterprises: analysts Reuters CHINA plans to reform its initial public offering process to smooth the way for the listing of large state enterprises, according to a draft rule seen by
      Reuters  -  410 words
    • 286 7 LIBERTYVILLE, Illinois Reuters CHINESE Premier Zhu Rongji, visiting an Illinois farm where he saw expensive machinery and received a prized breeding bull, called on Sunday for increased friendship between the Chinese and US people. "I believe the Chinese and the American people can learn from
      Reuters; AFP  -  286 words
    • 375 7 MBWB ANALYSIS BEIJING AFP CHINESE Premier Zhu Rongji may find negotiations in the United States hard going, but he will face an even tougher task opening up China to foreign interests on his return, political analysts said yesterday. "The commitments China
      AFP  -  375 words
    • 521 7  -  Most prominent of candidates is banker Stanley An From Quak Hiang Whai in Hongkong ELECTIONS for the first chief executive of post-han-dover Macau got underway yesterday with four candidates declaring their intention to run for office on the first
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    • 261 7 BEIJING Reuters RECENT weakness in the euro has not shaken China's faith in the new currency and Beijing should increase euro holdings in its foreign exchange reserves, senior government officials and economists said. They told a seminar over the weekend that the euro's drop
      Reuters  -  261 words
  • Page 7 Advertisements
    • 207 7 I —liiiir I 11 ]SfWW ,ff 4 Hk n o pr r nn i ■Fi .-»y IIMK unffe Feature Apnl Published in conjunction with the Each of these topics is of crucial HBt jt Oceanology International 99 Pacific Rim importance to the Pacific Rim Exhibition Conference, this special countries and
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  • ASIA
    • 347 8 SYDNEY AFP AUSTRALIA'S booming economy could see a sharp slowdown in the second half of 1999 as "investment recession" set in, one of the country's leading economic forecasters warned Monday. "Australia is staring down the barrel of an investment recession," Access
      AFP  -  347 words
    • 575 8 TOKYO Ishihara wants partial return of US base in Tokyo AFP NEW Tokyo governor Shintaro Ishihara's tough pledges, including the return of a major US military base in the capital, threaten to rock the central government, analysts said yesterday. The 66-year-old nationalist and
      AFP  -  575 words
    • 440 8 NEW DELHI New Delhi's just trying to deflect attention, say critics AFP, Reuters INDIA'S successful test of a new intermediate range ballistic missile has drawn strong protests from rival Pakistan, but analysts say the loudest alarm bells will be ringing in
      AFP,; Reuters  -  440 words
    • 522 8 TOKYO Kofaku Bank admits to weak capital level, seeks support from allies AFP JAPAN'S Premier Keizo Obuchi yesterday vowed to press ahead with a clean-up of the banking system in the world's second largest economy as a major regional bank admitted it
      AFP  -  522 words
    • 336 8 MADRAS Reuters INDIAN Prime Minister Atal Behari Vajpayee's fragile coalition government was on the brink yesterday after its biggest partner said it would cut off support and instead work for a vote against the government. "Withdrawal is inevitable, I am on my
      Reuters  -  336 words
    • ASIA Notes
      • 72 8 AFP [SYDNEY] Australian state leaders yesterday demanded a shakeup In coastal surveillance after a boatload of flktgnl immigrant* lanAiH tr> sophisticated Asian racket Another four boatpeople, thought to be Chinese, were arrested yesterday, bringing to 58 the total rounded up since fleeing a rusting
        AFP  -  72 words
      • 87 8 AFP [TOKYO} A top Japaneee public proeecutor resigned yesterday over a scandal involving a 28-year-old former nightclub hostess, a report said. Mamoru Norisada, the 60- year-old chief of the Tokyo high public prosecutors office, submitted a letter of resignation to Prime Minister Keixo Obichi, Jiji
        AFP  -  87 words
      • 113 8 AFP [SEOULJ South Korean prosecutors yesterday threatened to arrest leaders of illegal strikes as union subway workers readied to launch rolling stoppages ahead of a planned all-out strike next week. The threat came amid fears that this could be the start of spring labour unrest
        AFP  -  113 words
      • 87 8 AFP [SEOUL] Communist North Korea is seeking to normalise diplomatic ties with the Philippines in the hope of joining the Association of South-east Asian Nations (Asean) Regional Forum, officials said yesterday. A government official here said the Philippines is the only Asean
        AFP  -  87 words
      • 99 8 AFP [DHAKA] An electricity crisis continued in the Bangladesh capital of Dhaka yesterday due to a production shortfall, with officials saying they hoped to restore normal supply in the next two days. The power crisis, which sparked violent protests by subscribers since Saturday in some parts
        AFP  -  99 words
  • Page 8 Advertisements
    • 129 8 The Premier International Food Beverage Exhibition for Asia I- 4 June 1999, Singapore Expo OK) rtra^e only BAs a qualified trade visitor, please send me more information and a complimentary pre-registration ticket.* I am interested in exhibiting. Please contact me. Contact: —era Job Title: Company: Company's Activity: Address: Postcode: Country.
      129 words

  • THE WORLD
    • 629 9 THE KOSOVO CRISIS UN chief says he's ready to meet Milosevic; Nato vows to continue air war AFP Reuters [BELGRADE] The Yugoslav Parliament voted unanimously yesterday to join a proposed union with Russia and Belarus as the North Atlantic Treaty Organisation (Nato)
      AFP; Reuters; REUTERS  -  629 words
    • WORLD Watch
      • 107 9 AFP [BRASILIA, Brazil] The International Monetary Fund (IMF) is sceptical of Brazil's new package of inflation-fighting measures, the Folha de Sao Paulo daily reported on Sunday. "The IMF's leadership will not believe in the anti-inflation regime until the country's solves its fiscal problems and
        AFP  -  107 words
      • 62 9 Bloomberg [BONN] German Chancellor Gerhard Schroeder tightened his grip over the ruling Social Democratic Party (SPD) as the party elected him chairman. Mr Schroeder's appointment as SPD chairman is seen as a move to boost his control over the party. Still, analysts warned his
        Bloomberg  -  62 words
      • 53 9 AFP [LONDON] Hundreds of truckers jammed Britain's city centres yesterday in protest at high fUel costs and road tax here. About 100 lorries blocked the streets of central London, bringing traffic to a standstill, as they headed towards Downing Street to submit a petition to
        AFP  -  53 words
      • 107 9 AFX-Asia [STOCKHOLM] Swedish Finance Minister Erik Aasbrink said he is resigning from the government with immediate effect as he does not have the confidence of the premier. His resignation came after Premier Goeran Persson told Swedish Television yesterday there will be room for tax cuts next
        AFX-Asia  -  107 words
    • 105 9 m LONDON Bloomberg UK financial services companies are optimistic for the first time in a year, with the majority of companies expecting business volumes to rise over the next three months. Optimists outnumbered pessimists by 24 percentage points, the survey from the Confederation of
      Bloomberg  -  105 words
    • 56 9 [PARIS] "Velo Taxis"driver Jacky Soulez chauffeurs Italian tourist Bernadetta Zaccarello (centre) and Nathalie Lacan, project press officer, around Place de la Concorde in Paris during the launch of the cycle powered taxi service yesterday. The concept, based on the Asian rickshaw, proposes tourist circuits around Paris
      REUTERS  -  56 words
    • 424 9 COPENHAGEN Reuters EUROPEAN Central Bank vice-president Christian Noyer was yesterday quoted as saying that the ECB's chief focus regarding the exchange rate of the euro was to maintain the purchasing power of the single currency. "We obviously want to have a stable
      Reuters  -  424 words
    • 396 9 BONN Production slowed as weak domestic demand worsened decline in exports Bloomberg INDUSTRIAL production in Germany slipped in February, wiping out an increase in January, in a further sign of sluggish growth at the core of the European single currency area. Output fell 3.4
      Bloomberg  -  396 words
    • 378 9 LONDON Mergers and acquisitions said to have helped growth Bloomberg THE world's top 35 fund managers' assets grew by a third in 1998 to US$B.2 trillion (5514.1 trillion), rivalling US gross domestic product in size. Funds were boosted by mergers and
      Bloomberg  -  378 words
    • 266 9 MOSCOW AFP RUSSIA'S Parliament yesterday postponed an impeachment hearing of President Boris Yeltsin by at least one month as lawmakers failed to agree on whether the historic vote should be an open ballot. The five-count impeachment hearing of Russia's 68-year-old leader had been due to begin
      AFP  -  266 words
  • Page 9 Advertisements

  • EDITORIAL & OPINION
    • 769 10  -  THE BOTTOM UMB OPINION By Leon Hadar The writer is BT's Washington correspondent THE debate over whether to renew China's most-favoured-nation (MFN) status has become an annual political ritual in Washington with the same outcome Congress ends up giving the green light to
      769 words
    • 118 10 'Anti-Americanism really may be becoming the Russian national idea that we have been searching for.' Andre Piontovsky Moscow-based political analyst, on how the Nato bombing of Yugoslavia has made it once again acceptable for Russians to dislike Americans. 'I thought I would never play golf again. To
      118 words
    • 616 10 Win-win hope for Clob investors EDITORIAL LAST week, a Malaysian government White Paper made the claim that the country's brokers and the Kuala Lumpur Stock Exchange (KLSE) lost about $4.8 billion in revenue over the nine years that Malaysian shares were traded over the counter on Singapore's Clob International. The
      616 words
    • 1178 10  -  Popular view of upturn as being due to IMF prescriptions does not fit reality By\ Shin Jang Sup The author is editorial writer for Maeil Business News, South Korea's leading economic daily. He is also the author of 'The Economics of the Latecomers'(Routledge, London 1996).
      FILE PHOTO  -  1,178 words
    • 934 10 India's season of uncertainty WHAT makes financial forecasting in India infinitely complex... is that there is considerable opaqueness not only in the political process but also in the ways the financial markets react to important events including, of course, political ones. Thus even while coalition governance
      934 words

  • EXECUTIVE LIFESTYLE
    • 421 11 NYT [NEW YORK] Norman Foster, the British architect whose work celebrates the power of modern building technology, has been awarded the Pritzker architecture prize for 1999. The prize includes a stipend of US$lOO,OOO (*****.300) and is to be presented at a ceremony on
      NYT; FILE PHOTOS  -  421 words
    • 843 12  -  Jose Maria Olazabal reclaims his crown at Masters tournament wai«ter Bom.Br reports WALTER BAGLEY Reuters ON Sunday, Jose Maria Olazabal took one of the most glorious walks in sports the stroll up the 18th fairway of Augusta National Golf Club as the winner of the Masters three
      Reuters; REUTERS  -  843 words
    • 944 12 MASTERS Despite losing this year, Norman deems his '96 showdown with Faldo to be more heartbreaking NYT [AUGUSTA, Georgia] When Greg Norman curled in a 25foot eagle putt on the 13th green, he was suddenly 7-un-der par and leading the Masters. The
      NYT; REUTERS  -  944 words
    • 781 12 FASHION They give off a fragrance when the wearer moves or touches his suit Reuters [SEOUL] Stumbling home after a night out at a pub in southern Seoul, office worker Lee Gyung Wook stands outside his apartment building, shaking and rubbing his
      Reuters; REUTERS  -  781 words
  • Page 11 Advertisements
    • 557 11 Where to wine, dine and entertain...^ 11 MIJ strait I Special kineh %nul X $4.50 wtt per itp with of ow coff«j/tja orjoft drink 'J Teoehew fried Kway Teow I Mushroom and Chicken Noodle I (§oup/E>ry) jl fried See Tai Sak jf Ipoh tlor fun I Fried Macaroni I *prie«
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    • 82 11 I The Great Australian I Wine Buffet! I S2s+++ per penon 6.30pm-9.00pm daily Reservations: 831 6310/6288 -mtf««Xi■'■ 111 "m/kV/T/I fl^M Orchard Road. Smgjpore 2 }M 67 737 4411 fas: 73] 2361 DAILY LUNCH &UFFET AT $12.00++ O ALA CARTE SET DINNER with free flow of house wine, beer and fruit
      82 words
  • Page 11 Miscellaneous
    • 1212 11 CBTPTIC CROSSWORD Auko6S P i~ m 1 Plainly she's a disaster (8,4) 8 A doctor surrounded by 9 How the motorcyclist pre- 8 i j I j I i ;I pared his eggs? (9) |M 11 Haring round in southern JHL__BH—— Louisiana finding an earthly ,1 j paradise (7-2) 12Get
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  • Page 12 Advertisements
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      185 words

  • COMPANIES & MARKETS
    • 441 13  -  Move is part of plan to expand leasing trade, tighten grip on distributorship By Ven Sreenivasan [SINGAPORE] In a move to further expand its presence in the leasing business and tighten its grip on the motor distributorship segment, Cycle Carriage will buy
      441 words
    • 332 13 Company said to be selling share of Imperial Hotel site [SINGAPORE] The Hind Hotels International stock exploded into life yesterday, surging a massive 41 cents to $1.85 its highest since December 1996 before being suspended. 1 Volume was relatively high at 347,000 shares, compared
      332 words
    • 415 13 Bloomberg [SINGAPORE] Want Want Holding's Ltd, one of the world's largest makers of rice crackers, expects profit in the first half to rise by as much as 30 per cent as Chinese consumers lap up its snacks and beverages. The maker of such
      Bloomberg  -  415 words
    • 645 13  -  HOCK LOCK SIEW Ruth Wong ANALYSTS and investors have often paid scant attention to SCB Developments Bhd, formerly known as Selangor Coconuts Bhd. Previously a plantations company, it was transformed in 1993 into the property subsidiary of diversified holding company Boustead Holdings
      645 words
    • 433 13  -  Investors taking part in M Stanley investment scheme By] David Boey [SINGAPORE] The Kuok group has agreed to sell an undisclosed stake in main-board-aspirant Allgreen Properties for $50 mUlion to a group of institutional investors that are participating in a
      433 words
    • COMPANIES
      • 769 14  -  Goldman offers to buy shares at 38 baht each as rival pats up 27 baht bid From. Harish Mehta in Bangkok THE battle for control of Bangkok's listed five-star Regent Hotel hotted up yesterday as US investment bank Goldman Sachs made a
        769 words
      • COMPANY Briefs
        • 56 14 [SINGAPORE] Keppel Tat Lee Bank has agreed to sell its 20 per cent stake in PT DBS Securities Indonesia to DBS Securities Holding Pte Ltd for 6.85 billion rupiah (Ssl.3 million) in cash. It said PT DBS Securities Indonesia will cease to be an
          56 words
        • 43 14 [SINGAPORE] Nat Steel has clinched a deal, making it the sole supplier of all the crane spreaders at Aden Container Terminal in Yemen. The Aden Container Terminal is a Joint venture between PSA Corporation and Yemen Holdings Ltd.
          43 words
        • 43 14 [SINGAPORE] Goldtron ordinary shares and non-redeemable cumulative preference shares have been removed from the list of CPF trustee shares with effect from today. There are now 159 trustee shares on the Stock Exchange of Singapore's main board.
          43 words
        • 79 14 [SINGAPORE] Marine equipment maker GRP has sold a stake in subsidiary GRP (China) Pte Ltd to Wong Keng Chong, its partner in Yew Lee Plastics Pte Ltd. Under the deal, GRP (China) bought Yew Lee from GRP and Mr Wong, issuing 70,000 and 30,000
          79 words
      • 376 14 Group says bid not fair to minority shareholders report AFP [HONGKONG] A consortium backed by US billionaire financier Sam Zell has filed a complaint with Hongkong regulators seeking to block Lazard Asia Fund's takeover of media group Sing Tao Holdings
        AFP  -  376 words
      • 209 14 AFP [SYDNEY] A booming sharemarket and a flurry of interest in small mining companies abandoning the resource industry for the lure of the Internet have prompted a new level of scrutiny from Australian regulators, according to a report yesterday. The Australian Stock Exchange
        AFP  -  209 words
      • 414 14 Reuters [SINGAPORE] Furniture and electrical appliance seller Courts (Singapore) Ltd sees Singapore's retail sector bottoming out and consumer confidence returning, Courts deputy managing director Terry O'Connor said yesterday. "We believe in the absence of anything major happening in the region;
        Reuters; REUTERS  -  414 words
      • 235 14  -  Demand coming from foreign fonds, says analyst By David Boey [SINGAPORE] The foreign tranche of Singapore Airlines shares flew to a three-year high of $15 yesterday as foreign funds climbed aboard, but ended the day a shade lower at $14.50. Demand for SIA
        Source: Bloomberg  -  235 words
      • 536 14  -  By. David Boey [SINGAPORE] Stags are expected to dominate trading of Colex Holdings shares next Mondaywhen the waste management specialist makes its debut on Sesdaq. Analysts said the main reason for this is the low price. At just 12 cents apiece, Colex
        536 words
      • 222 14 {SINGAPORE] The anti-impo-tence pill Viagra worked on the share price of Sesdaqlisted Zagro Asia yesterday, even though it was just a thought, and a misinformed one at that. The shares closed at a six month-high in heavy trading yesterday, given a jump start by
        222 words
    • INTERNATIONAL COMPANIES
      • 755 15 Prices plunge as much as 25%-its worst since Kay 1991 Bloomberg, Reuters [HOUSTON] Compaq Computer Corp's shares plunged as much as 25 per cent after the biggest maker of personal computers warned first-quar-ter profit wUI be about half that of what analysts had forecast
        Bloomberg,; Reuters; Source: Bloomberg  -  755 words
      • 523 15 Foreigners provide momentum despite poor fundamentals FT [TOKYO] Few would have predicted that during the first quarter Japan's Nikkei-225 would prove the best performing benchmark index in the Group of Seven leading industrial countries. It ii nbw tickling the 17,000 level, a gain of 30
        FT  -  523 words
      • 193 15 Bloomberg [DEARBORN, Michigan] Ford Motor Co, the world's second-biggest car company, agreed to pay £1.008 billion (Ss2.B billion) in cash for UK car repair chain Kwik-Fit Holdings Pic, to expand its af-ter-sales business. The offer, made through Ford's wholly owned FAH Investments
        Bloomberg  -  193 words
      • 354 15 Bloomberg, Reuters [PARIS] LVMH Moet Hennessy Louis Vuitton SA, the world's No 1 luxury goods maker, said Pinault-Prin-temps-Redoute SA has obtained effective control of Gucci Group NV and as such is the only company that could bid for all of the Italian fashion company.
        Bloomberg,; Reuters  -  354 words
    • FINANCE & COMMODITIES
      • 351 16 Identras will provide assurance about identities of firms to trade over Internet FT [LONDON] International banks are preparing to offer financial guarantees for companies trading over the Internet, in an initiative that should encourage large-scale electronic commerce. A group of banks including ABN
        FT  -  351 words
      • 344 16 Bloomberg [NEW YORK] Goldman Sachs Group LP chief executive Henry Paulson's shares will be worth about US$2OO million (*****.6 million) when the 130-year-old partnership goes public next month, said people familiar with the firm. The investment bank will disclose how many
        Bloomberg; FILE PHOTO  -  344 words
      • 224 16 FT [TORONTO] The chief executives of Canada's six largest banks were yesterday to ask Paul Martin, finance minister, to remove the capital tax on banks and allow them to increase their flexibility by establishing holding companies. The meeting is the
        FT  -  224 words
      • 326 16  -  By I Soh Tiang Keng SINGAPORE software firm Apex Systems has penetrated the Chinese insurance market by successfully delivering its XLIFG software solution system to Allianz Dazhong Life Insurance in China. Apex Systems officials said it is the first software delivery by
        326 words
      • 497 16 It cites weaker inflation, gap between demand and potential output IHT [NEW YORK] Chase Securities Inc has made an unequivocal prediction that US bond prices would rally, citing far weaker inflationary pressures than most investors expect. John Lipsky and James Glassman,
        IHT  -  497 words
      • SMALL Change
        • 82 16 Bridge News (BANGKOK] Around 30 foreign investors have sought information on the sale of nationalised Radanasin Rank since March 25, Bank of Thailand deputy governor Kitti Patpongpibul said on Friday. After April 22, the Financial Institution Development Fund will shortlist three of them
          Bridge News  -  82 words
        • 86 16 Reuters [LONDON] London's derivatives exchange Liffe said yesterday the number of government bond futures traded on its new electronic system exceeded expectations. British government bond futures were the first to mako the switch from open outcry dealing to the electronic system called Connect Rather
          Reuters  -  86 words
        • 82 16 Bloomberg [LONDON] Lloyds TSB Group, Britain's most profitable bank, is considering an acquisition in the US, although a purchase in the UK remains its first priority, said a spokesman. Lloyds TSB, which had a 33 per cent return on equity in 1966, is
          Bloomberg  -  82 words
        • 94 16 Reuters [SEOUL] South Korea's Kookmin Bank, which has lured a US$5OO million (SIBBO million) investment from Goldman Sachs Co, was estimated to post a net profit of more than 300 billion won (SS42O million) in 1999, the bank's executive vice president Kim Yoo Hwan
          Reuters  -  94 words
        • 71 16 Reuters [PHNOM PENHI Standard Chartered will formally open next week the bank's retail branch in the Cambodian capital, a bank official said. Standard Chartered first opened a representative office in Cambodia in 1992. The bank lodged SO billion riel (5523.2 million) as branch capital
          Reuters  -  71 words
        • 77 16 Nikkei [TOKYO] Nomura Securities has been ranked as the securities firm with the most popular analysts in Japan for the sixth straight year, states a Nikkei survey. Second to fifth places were taken by securities houses affiliated with US firms. Morgan Stanley Japan moved
          Nikkei  -  77 words
      • 454 16 SmaU rebound in near term bat it's unlikely to last, say trade sources Reuters [BANGKOK] Falling demand for rice will put a lid on any major price recovery this year as long as output by regional producers continues to improve. Only a minor price
        Reuters; FILE PHOTO  -  454 words
      • 226 16 AFP [BOMBAY! Indian textiles and petrochemicals conglomerate Reliance Industries Ltd announced yesterday the start of production at the world's largest polypropylene factory. The plant, at Reliance's Jamnagar petrochemicals complex in the western state of Gujarat, will eventually produce an annual 600,000 tonnes of polypropylene, which
        AFP  -  226 words
      • 195 17  -  KIMKI Reports Bob Butcher, Jardine Fleming THE MSCI Singapore Index created a triangular pattern on the daily chart as it traded back and forth within an increasingly narrow range. Traders who attempt to make profits by buying and selling throughout the day known as day
        195 words
      • 190 17  -  MSGlTaiwan Mares Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures edged down amid concerns that a warning on first-quarter earnings by Compaq Computer Corp may signal that the recent rallies in Nasdaq were overdone. The April '99 contract fell 4.1 points
        190 words
      • 281 17 ENERGY REPORT Reuters [LONDON] World oil prices moved sideways yesterday as dealers took a breather after Friday's hefty gains. UK Brent blend traded 6 cents lower at US$l4.BO a barrel by mid-afternoon after jumping 60 cents on Friday amid forecasts
        Reuters  -  281 words
      • 314 17 Bloomberg Reuters, London DOLLAR losses were stemmed in afternoon trade here yesterday as expectations of huge losses for US equity prices failed to materialise, analysts said. During the session the dollar touched a IVi week low against the yen and matched lows set against the euro last week
        Bloomberg; Reuters,  -  314 words
      • Article, Illustration
        1143 17 PTTHEBAME CROSS BATES Apr 12 c$ !■> far* Ffr mk$ o»ym mm mt mm* Hm ss >1 m on$ mm Hmi m AmtraOa 0.955 6.178 0.509 3.843 1152 4.940 28.494 55.431 0.747 7.797 2.423 1174 32J79 24J06 1100 1927 0.943 2Ltt2428t OJM 0491 k Canada 1047 1539 0.616 4043 1205
        1,143 words
      • 1654 17 BOOM FUTURES Apri2 RHKt (Mm dotta* it UOpa) ISS1 C0NT«ACT(S eMts/k«) CUM Mm OpN Month Hfrfc I— Satt (twwt«) mtorwt May 99 HiOO 775 Jw 99 103.25 250 M 99 104.50 200 At* 99 106.25 200 te99 #7.75 200 0ct/8ac 99 109.75 «75 ISS 3 COKTRACT (US ctntsAq) VotaM Opafl
        1,654 words
    • Article, Illustration
      1358 18 AFP □BhagSeag -MM» HONGKONG share prices fell 1.4 per cent yesterday as investors locked in profits on blue-chip bank and property issues following last week's sharp gains, dealers said. "The market has long expected a consolidation," said Sean Li, associate director at Amsteel Securities. The key Hang Seng Index
      AFP  -  1,358 words
    • Article, Illustration
      498 18 Reuters riShenihanß Index -LO4 SHENZHEN'S hard-currency B shares ended sharply lower yesterday after investors took profits from last week's heavy gains, analysts said. The B share index dropped 1.04 points, or 1.77 per cent, to 57.5. Turnover was HK522.5 million, down from HK542.6 million on Friday. Poor 1998 results
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  498 words
    • 324 18 AFP Q VP Index -2X3 TAIWAN share prices dropped 0.3 per cent yesterday due to a short-term technical correction in overbought financial and plastics issues, dealers said. The Weighted Price Index edged down 23.3 points to 7,242.40. Turnover was NT1127.83 billion. Declines led advances 349 to 110, with 34
      AFP  -  324 words
    • 2084 18 «>r 12 Hmt *h 31 Croup 4.49 -0.28 A B Food* 4.16 004 A B Ports 2.80 unch AKiad OooMcq 4.58 -0.03 AINad Zurich 923 0.22 Anglo Amartcan Gold 35.00 0.80 ASOA Group V49 0.01 Bo* of Scotland 8.99 -0.13 Barclays 18.73 -044 Bass 8.45 0.08 BG
      2,084 words
    • 1537 18 AFP Q Nikkei 22S -348.23 SHARE prices in Tokyo closed 2.1 per cent lower yesterday as investors took profits on last week's gains, brokers said. The Nikkei 225 Index lost 348.23 points to end at 16.507.4. "Because of strong gains seen last week, investors locked away their profits, particularly
      AFP  -  1,537 words
    • KUALA LUMPUR STOCK MARKET
      • 7841 19 INDUSTRIALS Consumer prefects 1999 Last V«4 Day Net Cap mi L— emir M> *000 i*t> u» W >*** 310 255 A|inomoto 270 14.9 109.4 83 46 Angkasa 59.5 -0.5 29 60 59.5 87.7 283 220 Apollo Food Hlg 220 7.7 88.0 204 115 Beoaya Land 137 -1 157 140 136
        7,841 words
      • 396 19 AFP Composite Index +3-31 SHARE prices closed 0.6 per cent higher in moderate trade yesterday due to institutional support for index-linked stocks, dealers said. An institutional dealer with a local brokerage said that despite the higher close the market was bracing for a difficult time
        AFP  -  396 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2141 20 NHBLLMMIVMMNTS to 52-*k Last Val Day Last Ouot. Avq La* Strvo Company SaM *ar- COOOI High Law Buyar Sa«ar Prtca 18 3 s 3160 "Acar ******1USS 14.5 -0.5 25 14.5 14.5 U 14.5 27 43 3164 Aetna ******4 21.5 -1.5 328 23 21.5 21.5 22 22 S 3161 AHTach ******7
        2,141 words
      • 217 20 Gr 6r 52-Wk Last V« Day Last Ouott Mi Mr «V IM M Cap H>» Law Stwa Camp any Sata COOP) H>» Lai Buyar Sa6ar Cw W $«n« 235 173 5123 C0L(2000)HK 230 cd 235 8 2.4 3.5 T1.8 ***** 5124 CathayPac20cHK_720cd 265 2.1 7A 6 *****.4 5125
        217 words
      • 182 20  -  WARRANT WATCH -By R Sivanithy WE continue to look at warrants that expire next year, with the spotlight falling on Republic Hotel. The counter is especially interesting because there seems to be a play building on the hotels sector. The Republic warrant costs 24 cents
        182 words
    • 303 20 AFP Q Wellington jMj SHARES fell 1.4 per cent yesterday in thin trading, dragged down by a fall in market heavyweight Telecom Corp which unwound more than half the strong gains seen on Friday. The NZSE-40 Index was down 29.83 points to 2,141.26 on turnover of NZ546.7 million.—AFP afo
      AFP  -  303 words
    • Article, Illustration
      910 20 AFP □SETMeat -L 27 SHARES dipped 0.3 per cent at the close yesterday with no fresh leads to jolt the market out of the Thai New Year holiday mood, dealers said. Dealers said the market languished in very quiet trade ahead of a three-day holiday, subdued by doubts over
      AFP  -  910 words
    • 403 20 AFP Fl Composite lain +122 SOUTH Korean share prices inched 0.3 per cent higher yesterday despite some prof-it-taking in early trade as investors remained confident of the market's prospects, dealers said. They said the main index traded at one time above the psychologically-important 700-point level but profit-tak-ing by investors
      AFP  -  403 words
    • 660 20 AFP PAllOriiaariai -2LB AUSTRALIAN sharemarket slipped 0.7 per cent yesterday on fears of an impending fall on Wall Street, brokers said. The All Ordinaries Index finished down 21.8 points at 3,038.2. The All Industrials Index closed dowh 48 points at 5,470.1, while the All Resources closed 2.9 points higher
      AFP  -  660 words
    • Article, Illustration
      696 20 AFP Q Composite Index -0M INDONESIAN share prices closed mixed amid foreign buying in select blue chips and late profit-taking in the broader market after the recent run-up, dealers said. A dealer said the market was mainly driven by followthrough foreign buying of blue chips. "Foreign investors who began
      AFP  -  696 words
    • 304 20 AFP 71 Manila +522 PHILIPPINE share prices gained 2.5 per cent yesterday amid government efforts to cut interest rates. The Philippine Stock Exchange Composite Index climbed 52.20 points to 2,157.08. Turnover rose to 2.6 billion shares worth 3.08 billion pesos from Thursday's 1.371 billion shares worth 2.952 billion pesos.
      AFP  -  304 words
    • 5932 21 Transaction d.itr Apr 12 j Of Of M Wt 52-Wk Last Vat Day Laat Owata Mv 0«v YM Nat Cap An Hm> Law StNa Campawy »ata COOP) Hl<l> Law fctyar 8—ar Cw Pfl $wll Plica MTHNMTRV 128 173 m 6 1000 Aema 50c 82
      5,932 words
    • 1243 21 1 Or Or M Wt i S2-WH LMt Vol Day Last Ouata Ok Ok W IW Cap Avg MHI> Law M» Ciw>i«y faH COOO) L— —yar 8*8m Cw $mt Prtea MMUFACTUMW 195 30 c 2049 "ASAutolOc 102 -4 837 KM KM 102 103 15N T 13 9.6 116.5 105
      1,243 words
    • STOCK EXCHANGE OF SINGAPORE
      • 378 22 mnsMEB^amm Stxto Wt Hotung Inv MT5 16,475,000 SingTel 15c 15,426,000 GCS Intl Ltd 20c 14,468,000 ZagroAsia5c 12,075,000 STEnggKk 9,856,000 Total Automation 5c 8,913,000 *TanChonglnt50c 8,898,000 DBS Land 8,591.000 Samudera 10c 8,390,000 TeiedatalOc 8,139,000 Stxto SinqTellSc 41,303,551 DBS Foreign 35,197,398 0U8 Foreign 33,675,360 SIA Foreign 32.492,493 U0B Foreign 28,660,862 OCBC Foreign
        378 words
      • 622 22  -  STOCK MARKET COMMENTARY But stock market displays resilience despite hint of a Dow fall and losses in HE and Tokyo affecting sentiment By R Sivanithy A SHARP dip in the S&P 500 futures contract traded on the Globex system yesterday put
        622 words
      • ON THE GRAPEVINE
        • 145 22 Why Payson Cha-bot" WE hear on the grapevine that Hongkong businessman Payson Cha's recent decision not to proceed with the purchase of UIC shares from the Salim group at $1 a share has nothing to do with UOB's boss Wee Cho Yaw's blunt statement that he would not accept Mr
          145 words
        • 133 22 BANKERS and brokers often treat their relations with the Government of Singapore Investment Corporation (GIC) with the greatest care because they all wait for die latter to dish out morsels of its more than $100 billion funds. Thus, it is often difficult to find anyone in
          133 words
        • 69 22 OCBC Bank has set up a new unit called Non-Performing Asset Management and appointed Danny Chla Kong Hin its vice-president From the name, you can imagine that this is not one entity other fund managers in town will try to outperform. Thankfully for OCBC shareholders,
          69 words
        • 37 22 "THAT S Phileo Promenade," Mokhzani Mahathir was heard telling his father, were shown viewing the skyline of Kuala Lumpur from the National Heart Institute where the premier waa^^for^^^^^ PhileoLand, the owner oftheoffice tower.
          37 words
      • Article, Illustration
        60 22  -  By Wong Wei Kong ZAGRO Asia shares closed up $0.03 yesterday at $0,265 on a volume of 12.1 million shares, compared with its 10-day traded average of 1.02 million units. As suggested by the RSI, Stochastics and MACD readings, the stock's sharp spike has exhausted most of its
        60 words
  • Page 13 Advertisements
    • 113 13 (This appears as a matter of record only) GPE Industries Limited (Incorporated in the Republic of Singapore) THE PROPOSED ACQUISITION FROM WHITEHILL INVESTMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF GOLD PEAK INDUSTRIES (HOLDINGS) LIMITED OF 100,000 ORDINARY SHARES OF HK$lO EACH IN WHITEHILL INDUSTRIES LIMITED; 6,189,000 ORDINARY SHARES OF HK$l EACH
      113 words


  • Page 15 Advertisements
    • 210 15 '^^^^^^^^^^^^^^^^^HliliiilßßSi«li!iilHiiifilM9lß»R One company offers complete, value-for-money solutions sounds, it's a complex business operation supported to help prevent poor security nibbling away at your profits, by five major divisions at CISCO. The tried and tested and gnawing at you. CISCO. expertise of these divisions is available to you not just in
      210 words

  • Page 16 Advertisements
    • 31 16 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. CATS. Buy K. Sdilt Find It.
      31 words




  • Page 20 Advertisements
    • 104 20 NOTICE IS HEREBY GIVEN that I, ONG SEONG WAN of Apt Blk 120 *01-473,Pasir Ris St 11, Singapore *****0, have applied for a Wholesale Liquor Shop Licence in respect of M/s Golden Hung Ho Distributor located at 47 Chuntin Rd Singpore *****1 and that this application will be considered by
      104 words
    • 106 20 NOTICE IS HEREBY GIVEN that I, KWEK KHAN CHEE of Blk 233 Compassvale Walk *06-478 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/S Kwek Seng Huat Provision Shop located at Bedok Road Bedok Shpg Complex *01-324 Singapore *****3 and that this application will be
      106 words
    • 27 20 Classified First. Looking for a holiday destination? Or simply getting away from it all? Check The Straits Times Classified First. Buy It. Sal k. Rnd It. 1
      27 words

  • Page 21 Advertisements
    • 31 21 Who is behind an Audemars Piguet watch? Showroom Service Centre: AUDEMARS PICUET (SINGAPORE) PRIVATE 9 Raffles Boulevard #01-111/112 Millenia Walk Singapore *****6. Tel: 3999 39 Fax: 3391 301. f/ytina Vl'atfh fgnhg
      31 words

  • Page 22 Advertisements
    • 437 22 HARIMAU INVESTMENTS LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Sixth Annual General Meeting of the Company will be held at 65 Chulia Street 50 th Storey, Committee Room, OCBC Centre, Singapore *****3 on Tuesday, 4 May 1999 at 12.00 noon for the
      437 words
    • 633 22 Toothache? See your dentist. Investment advice? You need DBS investor Online. Get the Best. Cal 438-1188 :oday gjmSBANK IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF DORVAL SHIPPING (SINGAPORE) PRIVATE LIMITED (In Members' Voluntary Vending Up) At an Extraordinary General
      633 words
    • 603 22 NOTICE IS HEREBY GIVEN that I, GOH LUCIA IMMA CULATE of No 4 #02-02 Rifle Range Singapore *****3, have applied for a Ist Class Public House Licence in respect of M/s Carina's Karaoke Pool PUB located at 304, Orchard Road, #04-41-43 Lucky Plaza Singapore *****3, and that this application will
      603 words
    • 13 22 n advertise ytur simply fax: 741 1198 •r Call toll-free: 1800 741 1883
      13 words

  • SHIPPING TIMES
    • 304 23 Reuters, Bridge News TRADING was brisk for Atlantic traders, with most brokers suggesting that the fall in rates has at least been halted and rates are now improving. Overall, several Panamaxes have been reported fixed, but rates in the east remained weak. The pace also quickened for handymaxes
      Reuters,; Bridge News  -  304 words
    • 277 23 r"i 'liRHWHWHHHHMI n *h m CWT Otatrtbuttoo 0.65 -0.01 202 Oman Hup 0.72 uncti 249 Coaca Invpstmant 0.56 -001 29 FrtfoMUnki 020 unci) I9M C9 Holdlnfs 0.44 -001 W Hal Sun Hup 0.54 uadl 1514 IMC HeMktffHK 5.60 unch 0 Jay* Holding* 0.80 OOt 3123 Jmtmm Shipyard 745
      277 words
    • 696 23  -  Moller partner a man respected in shipping circles worldwide By. Marcus Hand, Felix Chan [SINGAPORE] Shipping industry executives yesterday gave the thumbs up to the appointment of A P Moller partner, Flemming Jacobs, as the new group president and chief executive officer
      696 words
    • 361 23  -  Deal signed to undertake feasibility study of terminal From Alec Almazan in Manila PHILIPPINE President Joseph Estrada is supporting a move to have a private consortium of port operators, domestic shipping lines and cargo handlers to take over and manage the state-owned North
      361 words
    • 229 23  -  By\ Marcus Hand [SINGAPORE] The Philippines, the world's largest supplier of seafarers, has settled a row over which agency should issue endorsement certificates for officers and engineers to comply with the revised 1978 Standards of Training, Certification and Watchkeeping (STCW) convention. The decision by
      229 words
    • 973 24 MARINE COATINGS Preventive maintenance, especially the use of high-quality coatings, can prevent damage by corrosion ASMI News [SINGAPORE] ONE of the marine services that is receiving much interest these days is in the area of marine coatings. This has become a critical factor in the likely
      ASMI News; FILE PHOTO  -  973 words
    • 209 24 PACE ECL 5 ACL 6 Evergreen 6 ANL 3 FoongSun 8 Accord 8 6Lil 4 Appenshp 5 Gemartrans 8 Austral 8 Hangli J Balaji Shpq 4 3 BSA 7 Heung-A 4 B'tanq Mas 8 7 CCNI 7 ICFS 3 CMA 8 Interasia 7 COSCO S Intertransport 5
      209 words
    • 17750 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VMM) Voyaga Taiaphona ETA ETA Advartlsar Vassal SIN DasTn Nama Not* Numbar NumOar SIN Dastn N«ma N*m« Num&ar NumOar u i 111—«»——ww w—iw»• iiiwii— iriiiirwrnrnr To BUENOS AIRES (BUE) 2060 Argentina Tb ABIDJAN (ABJ) 2003 Cot* D'lvolro I n/04 17/05 CSAV OUARORANT EXPRESS
      17,750 words
    • SHIPS IN PORT
      • 602 35 VhmI Voy Mo Bfth Arrtvol D*txrturt Aon ijct, 06/99 «to«)SK)« 004/2300 S&co'I, n m *ovuoo into. I 0499 JU Homprtt ,2 <H 2 3 2S M LMtlri I 04*599 M M* MJ«g i M NurMn«2 MW99 J01 lK>WP 5"S522? M fu Tt(or2 *****9 J01 Hon*** 004/830 SriJr 004/2359
        602 words
      • 1655 35 RECEIVIH6 Of EXPORT FCl CONTAINERS AND LCI CAW60 Booktnq/BtUnc* Rstls Ship Voy Mo Etb/Btr Period From To From AO VMM 00* OWN tt/1500 0/1654 tt/«00 8 12/1500 tt/*59 12/1900 timanan 307t <5/0200 5 U/1500 OMSI U/1900 8 U/800 BMW 12/1900 a 12/1700 11/0659 a/woo 2t i2/i7oo a/out a/owo
        1,655 words
      • 189 35 Apr 17 Brunei: Hijrah Anniversary of Royal Brunei. Indonesia: First Day of Muharam. Malaysia: Awal Muharram. Apr 28 New Zealand: Anzac Day. Apr M Australia: Anzac Day Holiday. Apr 29 Japan: Greenery Day. Apr 30 Denmark: General Prayer Day. Finland: May Day Eve. lUyl Greece: Labour Day. Germany:
        189 words
      • 750 35 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on averagesiaed stem. Market movements are Indicated. The Cockett Bunker Price Index change and the individual
        750 words
      • 416 35 Cart,, MO Ma *95.1 14 1».1 0.10 M 0.05 Art f— T *> above E25 1 1 10 0 0 0 Water 330 A W Qfsn 0.4 12.5 0.07 40 0.02 300 Max 9M2 LB 152 0.11 250 0.05 M/MM %ift %m/M m/m nm ■gg Wo
        416 words
    • AIR & LAND TRANSPORT NEWS
      • 328 36 Mobile phones not the cause either; focus of probe now on pilot error or mechanical fault AFP [BANGKOK] A team investigating the Thai Airways crash that killed 101 people has ruled out bad weather and interference from passengers' mobile phones as causes
        AFP; FILE PHOTO  -  328 words
      • 253 36 AFP [MANILA] Ford Motor Co of the United States has sought government permission to import semi-knocked down (SKD) assembly units to the Philippines, a trade department official said. "We will refer Ford's request to Malacanang (the presidential palace)," Board of
        AFP  -  253 words
      • 412 36 Reuters [HAVANA] Britain's Trade Minister Brian Wilson inaugurated a British Airways London-to-Havana weekly service on Saturday, saying he believed the new air link would boost British tourism and business in Cub?. Mr Wilson, who was ending a three-day working visit to the communist-ruled
        Reuters  -  412 words
      • 295 36 Bridge News [MANILA] Two Philippine banks yesterday backed the Philippine National Bank's (PNB) bid for representation on the Philippine Airlines Inc's (PAL) interim rehabilitation committee, documents submitted to the Securities and Exchange Commission (SEC) showed. "We interpose no objection to PNB's nomination
        Bridge News  -  295 words
      • 212 36 AFP [SUVA] Industrial trouble at Fiji's Nadi international airport was averted yesterday when 500 airport workers facing redundancy through the privatisation of airport operations won a legal reprieve. A restraining order from Fiji's High Court came as government officials met native landowners
        AFP  -  212 words
      • 56 36 [LEIPZIG] Visitors at the Auto Mobil International car show admire the Aoantime by French car maker Renault in Dresden, Germany. The 4.5-metre long 'grand torurisme coupe' will go into production in autumn this year. More than 500 exhibitors from 29 countries are presenting their latest models and
        AFP  -  56 words
      • 145 36 Reuters [AMSTERDAM] KLM Royal Dutch Airlines said that it would suspend its service between Amsterdam and the Yemeni capital Sana'a from June 15. The decision was taken because of the sharp decline in traffic and revenues on this route and costs which were
        Reuters  -  145 words
      • 1745 36 CITY FU6HT n* FU6HT ETP Ofi WIS ****** 2359 MUM 0*7301 1930 8*7382 2055 1_ SOW* Q» OfOI 1930 MM $0909 1710 ***** 0105 **0229 2230 timrtwHC $0(03 1905 CZ354 0910 IH6300 2230 CZ351 2045 ***** WB SOa< 2230 Hanoi VK741 1310 ¥*740 MX) *»>tor«a* $023
        1,745 words
  • Page 23 Advertisements
    • 18 23 Marine coatings Lengthening a vessel's life The use of high-quality coatings, can prevent damage by corrosion. Pag© 2
      18 words
    • 360 23 ASRY'ssateiteaiufvast en strengthened by the d jartment. He will report ■ncejUffttaM maritime career in 1965, eld positions as marine the Oslo Techniship manager well as TOC'99 Boat and METS jffe The 1999 Terminal Operations Conference ktllk '00 and Exhibition will be held in Genoa, Italy, from HalO 77 June 1-3.
      360 words
    • 222 23 Thai Airways crash; weather ruled ont as cause Mobile phones not the cause either; focus of probe now on pilot error or mechanical fault. Back Page (ses) ffl BB U t&■ Singapore will again play host to IMDEX ASIA at Above below water Platforms the World Trade Centre from 4-7
      222 words

  • Page 24 Advertisements
    • 791 24 if -> '■inn rasa wtm m an msa votjuhmmm m km coin» sa 2SJ2J2?. 2£ 22 S mvwo M*~ 31/13 12/ M 12/ M M/M M/M 13/ M 17/ M M*4~ OOQ ABBNCA 33W514 07/04 25/04 OOQCMVOKNU 35WS1S 14/04 02/05 jj|j NOWUOTBOIBAI 441 07/04 00/94 00/04 11/04 14/04 10/04 14/04
      791 words
    • 708 24 i /r4«ox Lines services represented u.. 0 -f©l'" by Members of the Registry of |9R\ Accredited Shippog Agents Association I Singapore Shipping Association u. SEMBAWANG KIMTRANS (S) PTE LTD 0 CONVENTIONAL SERVICES J^L r—rA SIWGAPOtE to BAIAM. BINTAN. KARIMUN /j»» Y SINGAPORE to KANGKA ISLAND A i w W SINGAPORE
      708 words

  • Page 25 Advertisements
    • 1151 25 SAX SIBVKI (DIRECT) VB» VOT aNEtt 1 LAX OAK OH HOU ICH «H MBI I«l KTC mvmt oifli 07/04 22/04 ay/x a/04 »/04 27/ x a/o« a/m w/m w/m WW!. 0101 H/04 27/04 04/05 04/05 05/05 04/05 05/05 05/05 04/05 04/05 mmana 0241 21/04 06/05 11/05 11/05 11/ os 11/05
      1,151 words
    • 1838 25 OHANJIN SHIPPING SgkFl AM Wf«lJ» *****31 HAWM SHIPPING (S) milD h* //mm bp (on. MXKINC *****35 737 SAIB *****74 731 DOC'JMHfI *****71 774 OfHUIOB *****5M51 MAM UN! *****55 ft! 777WM (I HO-11S3W100W TO NW USA A CANADA USA fAH/UW [n«vu7voy MM sm um haia/voy «T~| nw En I Si oi
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    • 531 25 EgßjjjgHgsi """kmT"C ,e arcNOWMW wss 11/04 13/04 wa ]V* n/04 jo/m b/w n/w P"CMM »55 14/04 73/ M 75/W 77/D4 70/W i |f\ M .1! mmm n n/04 b/m t* ii/h «/m p/m b/m m/h provides LVL (OnSOIIQQTIOn TO MTCUUAR WSS 73/04 3Q/IM 07/05 04/05 05/05 UPCKEUII6 W4S 7VW 17/
      531 words

  • Page 26 Advertisements
    • 1289 26 DSR SENATOR UNES TO UK/CONTINENT TOMEDITERRANKAN/CANADA ««a voy tw uw imi mm m fk vcaa voy T5" an fob wx win TMKCTENBTV WWII lIM MM MB RR I7H BB PATHOS KMTOR WMTII 15 M B B MB MB BB 118 HMUMBMC&OM WWII 21*4 17 B KB 118 11 fl 11
      1,289 words
    • 681 26 Canton MM CONTR LINES. MC ROuoMnmanm Ov/XzJ 1, ,7,1yuul 8®Ur<084)*****» MAMLA: (832) *****84 S^fL* 04 28 4836 BANGKOK; (682) *****87 SURABAYA-(21)*****0 P-KELANO: (03) *****77 JKT (21) *****07 MON: (61) §***** KUCHNO (082) *****-3 CALCUTTA MADRAS MV "KOTA PERTANI" V.PTNO2S MV "SEA MARINE" V.SMNOS7 ETA SIN: 15-4-99 ETA SIN: 15-4-99 SURABAYA
      681 words
    • 471 26 LINE fly A Wli Mt34S< HUb HMIII 1 MUARA LABUAN vissa vor no in vosa vor no eta SPOKMUAIA SPOtf IM CAAAMM332 VOft/N 15/04 10/04 CARAKAM332 VOK/W 15/04 If/04 J WOW VOH/tt 11/04 21/04 JPtOSPO V0«/W 11/04 22/04 CAAAIAJO32 VOW/W IS/04 20/04 (AIAKA JN337 ¥o*/0» 15/04 20/04 j poospb vow/w
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  • Page 27 Advertisements
    • 1445 27 [VEMgL VQV HKO SIN PKO PQfl DXB DMM I SMJ BA IWK IRAN TEYFOURI PJLI34O 12/04 21/04 22/04 23/04 25/04 27/04 IRAN BAAKERI PJLI34I 16/04 19/04 28/04 29/04 30/04 02/08 04/08 IRAN SHAHRIAR PJLI344 23/04 28/04 08/08 08/08 07/08 09/08 11/08 IRAN BAABAEI PJLI34B 30/04 03/08 12/08 13/08 14/08 18/08
      1,445 words
    • 1915 27 Sailing to Mn lMl«Mflh f l Q Djitarti (¥l* Dubai) I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) Ww2^oHo«oFFia^^™" l—^™,, COSTAR SHIPPING PTE LTD #17-m dis ildg saus/ikgs 420S<S7/60 inwmd deft <o/o) 420S7SS COST AR AGENCIES (M) SDN BHD q NO: **********011 TOWER TWO
      1,915 words
    • 317 27 EAjmotN I'.VK LTD. VsA «n—«w>niu» XS, I SPECIALIZE m RORO HEAVY LIFT UPTO 450 TONS KL (SINGAPORE) PTE UD LOADING FOR YOKOHAMA PORT KLANG/PENANG/BINTULU/ MIRI MV "OCEAN BUIE" V. 67 MV "ORIENT LILAC" V. 19 ETA SIN 13/04/99 ETA YH 24/04/99 15/04/99 ETA PKL 16/04/99 ETA PNN 17/04/99 ETA BTI
      317 words
    • 28 27 ShippincTimes Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
      28 words

  • Page 28 Advertisements
    • 1348 28 EUROPtAJ^CANDtNAVWFIWLAIIP/HUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL S6P E DIADEM RW-006 17/04 07/ OS 12/05 08/05 10/05 11/05 12/06 E ROUND RE-038 18/03 20/03 19/03 21/03 23,-03 15/04 11/04 E. DAINTY RW-418 2V04 13/96 IMS 15/05 17/05 18/05 10/05 NUOVA 6ENOVA RE-022 20/03
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    • 1017 28 A j~f= ADVANCE CONTAINER LINES (PTE) LTD L_- TEL: *****21, FAX *****19, TELEX *****40 ACLPL fOK BOOKINGS PUASi CALL *****22 SALES A MAKKETING *****21-21 OPERATIONS: ******* *****06 CR MO H636X0000E IAWOKOK THimwm JAKAATA .<7 SalMp/Vatk) Vtssa VOY «N I BKK VKSH VOY I SH JKT SKtSA/dlfT IBMTI *****1 14/4 Wad
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    • 454 28 PPi NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY S* PtU DPI j JNI CPT |BO GOLDEN DtAGON *01 IS 17/04 25/04 2V04 01/05 03/05 nantai queen v.034s 21/04 ot/os 10/05 "n/oT 14/05 "iuT NANTAI DRAGON Y.013S 06/05 1 5/05 19/05 22/05 73/05 NANTAI VENUS V.034S U/05
      454 words

  • Page 29 Advertisements
    • 462 29 BSA x MYANMA «BBk FIVE STAR LINE «T (Myonmar National Lint) Loading for Yang on (Rangoon) VfSSa VOY SIM N1 KK PCU I AGO VIOOW 14/04 MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL m (03) *****00 PKL TU (03) *****01 PEN: TU (04)*****02 PGU: TU (07) *****21/4 BANK LINE (A Mrvk*
      462 words
    • 1236 29 HYUNDAI MERCHANT MARINE CO., LTD. wssa W "aT "sou" iw rim aw nam"~w tallvßsa "vof sou i» rtm "ant" ham wv ~a~ sm THAWS 554W 15/04 03/05 00/05 05/05 06/05 MAAS 5201 26/03 27/03 21/03 23/03 14/04 MOSa 526W 16/04 07/05 00/05 02/05 04/05 APIAUMNOME 3071 22/03 27/03 24/03 25/03
      1,236 words
    • 1174 29 TP* > nofwegon ipeockted outocomon Wilhelmsen Lines TO NORTH AND LATIN AMERICA RORO HIAVYUFT SERVIC!" (vISSEi VOY RAMP HEIGHT SIN lAX CRt NUA SAV BAL ORF NYC NEW MOO TAIKO F9OB 400 Tom 6.3 M INPORT 09/05 WO5 2176T 23/05 2S/0S 26/05 2S/0S 01/06 03/0* TOURCOING f 909 400 Tons
      1,174 words

  • Page 30 Advertisements
    • 664 30 BANGKOK/ MAP TA PHUT/ LAMM CHABANO JAKARTA/PAN J A NO VESSEL VOV SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NANTA BHUM** 441N 14/04 17/04 18/04 ANRO QOWA* 060 ~Tn Pt 17/04 KOTA HARTA HTAOI9 18/04 18/04 QURU BHUM 124S 14/04 18/04 YAMTRA BHUM 286N 18/04 18/04 17/04 QURU
      664 words
    • 533 30 INDONESIA NATIONAL LINE TO AUSTRALIA "1 RJLL COWDMNEB SERVICE va |ypt| ng ail m m hrt^mZm nh \m rtommetm its is/mit/m »/o<I»/m m/m w/ts WMjMMmW P/MM/M 107/05 H/>$ u/M It/ts *HWTf W/0401/M 17/tS B/05 «r«bmc Imlot/wM/os u/>s |ti%sm/m 27/05 m/m FEEDER SERVICE TO INDONESIA vu VOT yon vmmn ilmnmng suuimk
      533 words
    • 821 30 VFSSFIS VOY SIN PKL JED MLA LEH RTM MAM 7g OPT VKXEDE TANYA IBW 21/04 29/04 04/06 10/06 11/06 14/06 IMB VKJ-EOE TAURUS AMW 27AM 2M4 OW 11A)6 17/06 10/06 2CVO6 21/06 VILLE D'AQUARIUS U3IW 04/06 06A16 13/06 18/06 24/06 26/06 27/06 28/06 29/06 VILLE 06 ANTARES l£lW 12/06 21/06
      821 words

  • Page 31 Advertisements
    • 54 31 ia«gg| ORIENT PACIFIC 1 CONTAINER UNE LIBYA BENGHAZI > TRIPOLI LookUp Our Schedules On PG 4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES v i y NEW GUINEA PACIFIC UNE CHECK OUT THIS Our Schedules Are SPACE FOR On PG 5 H SWIRE SHIPPING
      54 words


  • Page 33 Advertisements
    • 49 33 Dial 740-6000 Oil G€ITI3nG (Retrieve more schedules!) SJO Press-r JC\ Select the port and key in the four digit code eg: To New York (NYQ 2275 st£) Key in your fax number I your phone number Anotheftrmovative service offered by C The document Will be SHIPPING TIMES S 3L/
      49 words

  • Page 34 Advertisements
    • 141 34 FREE Reader Enquiry Service cut out and Fax to 65-*****29 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 a product or service
      141 words

  • Page 35 Miscellaneous
    • 122 35 LEGEND: K Thunderstorm Temperature c y<X X Weather Wind direction with speed m knots JJ" Wove height Cloudy Sky Surface wind* ore indicoted by arrows which Hy with the wind Q One ful circle represents catm or light ond vanoWe winds i—» One half Heche represents 5 knots L— One
      122 words