The Business Times, 8 April 1997

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 "~85« SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, APRIL 8,1997
    13 words
  • 67 1 Own 20MJ4 (+12.36) rt-su M6J1 (-2.17) P| BTOOMP U U8&3l(+li0) mm nwok U 1017.41 (+7.06) Q MARKET MOOD; ROCK MAUTF DOHCES Monday Change KLSEOOMP 1.IMS ttt MKKEf 17,716.67 144.92 HANOSENO 1*287.84 >83.25 SET INDEX tkmei JAKARTA COMP —WU4 0.7» MANILA COMP _i»&N MO TAIPEI WPI W17.7Q +1HLJ0 SEOUL
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  • 398 1  -  60% plunge from 1995 record part of new focus on commodities, East Asian equities By Siow Li Sen [SINGAPORE] Singaporebased investors have cut back sharply their investment in US equities to a net US$2.2 billion (553.2 billion) at the end of last year, down
    Source:  -  398 words
  • 507 1  -  This is less than 2% of the bank's total loans and advances By\ Siow Li Sen [SINGAPORE] United Overseas Bank said its loan exposure to Thailand does not exceed $500 million, or less than 2 per cent of its total loans and
    507 words
  • 394 1  -  By Lu Ning [SINGAPORE] A consortium of mainly Singapore businessmen whose projects in China include the largest discotheque in Suzhou is planning to bring Beverly Hills to Shanghai. When completed, Shanghai Beverly Hills as the luxury bungalow and condominium project in the city's
    394 words
  • 463 1  -  From, Anthony Rowley in Tokyo THE US dollar surged to a four-year high of 125 yen against the Japanese currency in Tokyo yesterday as foreign exchange dealers predicted that it would rise even further. The dollar appears to
    Source: Bloomberg  -  463 words
  • Page 1 Advertisements
    • 124 1 mauiu The Property Cafamm With the leasehold landed housing market looking lifeless, wflpnta expect the government to introduce two market -boosting measures. But there's only a 25% chance that both would happen, says Lee Han Shih, Pg4 MEWSYMPE POP mjb tt» Thri i—'i is nnder SSMbI, this pg. Concern is
      124 words
    • 9 1 UOB making provision for USSIOm Univest loan, Pg 15
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    • 291 1 worawjg Look out for BTs Property "97 supplement. Get expert advice on how the property market is taring, Check out the lateqt trends in and outside Singapore. All in a special three-parf puDout section tomorrow. The Chinese State Banquet '91 Dine like »orld leader, at T The Chinese State Banquet
      291 words

  • SINGAPORE AT HOME & ABROAD
    • 227 2 The Straits Times SINGAPORE and Malaysia recognise the value of good bilateral ties, Foreign Minister S Jayakumar said yesterday after a meeting with his Malaysian counterpart on the sidelines of an international conference in New Delhi. Prof Jayakumar also said that
      The Straits Times  -  227 words
    • 76 2 Corrections clarifications IN OUR report yeaterday, "N+l makea regional debut in Singapore", we aald that Robert Maaaey, chief executive of Compuaerve, will be one of the keynote apeakera at the Net* world Interop '97 conference. Thla ia incorrect. Mr Maaaey, though originally acheduled to be a keynote apeaker, haa been
      76 words
    • 252 2 THE $238 million road link to Jurong Island formed from the merger of seven Southern islands will be the first In the world that can be opened up for vessels to pass through, said Koo Tsal Kee, Parliamentary Secretary for National Development,
      252 words
    • 361 2  -  Audrey Tan ONE In every three private aector workers enjoyed full two-day weekends laat year, rlalng to one in two for those in managerial, professional and technical positions, a survey by the Ministry of Labour shows. Those who worked a fiveday week
      Source:  -  361 words
    • 499 2  -  USA Global Link hu to tender for licence or work with a licensed operator, it nyi Hy' Teh Hooi Ling THE Telecommunication Authority of Singapore (TAB) has thwarted a plan announced yesterday by USA Global Link to provide a global telephone-to-telephone call
      499 words
    • 294 2 TIMBER trader Roland Chew said yesterday he is "definitely going to take legal action" against the organisers of the Singapore Marketing Award after they did not name a winner In the category he had entered. The organisers, the Marketing Institute of Singapore
      294 words
    • 112 2 TELEPHONE services In the Orchard Road area were disrupted yesterday for about half an hour, the second time in as many weeks. Singapore Telecom spokeswoman Foo Kim Leng said the disruption was caused by problems at the call processing unit In the Orchard Exchange.
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    • 302 2  -  EYE ON THE ECONOMY Commerce By, Ang Wan May VISITOR arrivals gained a healthy 6.5 per cent to 634,405 in February over the previous corresponding period, according to latest Singapore Tourist Promotion Board (STPB) figures. Indonesia was the largest visitor-generat-ing market, jumping 24.9 per
      Source:  -  302 words
    • 436 2  -  But Dataqnest aspects 2ood pick *up from next year By Annette Pau THE Asia-Pacific semiconductor market ia poised for ilow recovery this year but should pick up well thereafter, said US research firm Dataquest's senior semiconductor analyst Dan Heyler last week. Dataquest's projections
      436 words
    • 410 2  -  SFpore plant wifl start concentrating on high value-added circuits By, Jennifer Lien SEAGATE Technology plana to double capacity at Its Johor printed circuit-board assenv bly (PCBA) plant In the next year and a half, company officials said yesterday. By mid-1998, the Johor
      ERIC CHU  -  410 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • FOCUS: PROPERTY
    • 677 4  -  THE PROPERTY COLUMN Some agents talk about changes to two rules that will help the market. Are they likely to be right? By Lee Han Shih IF SOME housing agents are to be believed, the government will soon introduce two measures to bring life back
      FILE PHOTO  -  677 words
    • 399 5  -  But this is imlikely to create a shortage of rooms, says report By Ang Wan May [SINGAPORE] Hoteliers are facing pressure to redevelop their properties for office and residential use, but this is unlikely to lead to a severe shortage of rooms,
      399 words
    • 210 5 [SINGAPORE] Asia-Pacific property markets as a whole remained strong last year despite less than favourable market conditions, say consultants Jones Lang Wootton (JLW) in their recent annual property review. However, the performance of individual markets varied, said JLW, in what it described as a "year
      210 words
    • 266 5  -  By Lee Kee Yeng (SINGAPORE! Work on OCBC Bank's condominium project along Kim Seng Road has started with the tearing down of 65 pre-war terrace houses and shophouses on the site. Sources said construction was expected to begin in June, pending approval from
      ERIC CHU  -  266 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 193 5 i Battery Road Republic Plaza Raffles City Tower Shell Tower Suntec City Ocean Building Southpoint 80 Robinson Road Keppel Towers Riverwalk UIC Building The Arcade The Octagon Clifford Centre Keck Seng Tower 38 Carpenter Street Tras Street Neil Road The Heeren BDD^HI^H Ngee Ann City United Square Shaw Centre Goldhill
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    • 417 5 University of Western Sydney Nepean, Australia DOCTOR OF BUSINESS ADMMISIRniON (DBA) By Coursework and Research HH Singapore New Intake 28 April 97 I Programme Innovations Duration 2 l 'i years 100% in Singapore Assessed by coursework, 4 publishable papers and a research project Specially designed for business leaders, senior executives,
      417 words

  • SOUTH-EAST-ASIA
    • 351 6 HANOI Rabin says Vietnam must do more to earn trade privileges; Hanoi says US must help Reuter US TREASURY Secretary Robert Rubin hailed the signing yesterday of a pact to reschedule Vietnam's debt as a significant step, but dashed hopes that the war-time
      Reuter; REUTER  -  351 words
    • 202 6 KUALA LUMPUR AFP, Bernama MALAYSIA has reiterated its commitment to liberalising its tariff regime on industrial products and denied US and Japanese allegations that it is putting up trade barriers, a report said here yesterday. Some 5,125 tariff items have been abolished or reduced
      AFP, Bernama  -  202 words
    • 267 6 ■YANGON Reuter A BOMB exploded at the house of one of Myanmar's top military officials, killing his daughter and setting off a renewed security alert in Yangon, sources close to the family and diplomats said yesterday. The attack on the home of Lt-Gen
      Reuter  -  267 words
    • NOTE Book
      • 105 6 Bernama [KUALA LUMPUR] The incidence of bank fraud reported to Bank Negara Malaysia declined from 526 cases In 1996 to 207 cases last year, with the amount of losses also reduced from M 532.5 million (5118.74 million) in 1996 to M 519.3 million last year,
        Bernama  -  105 words
      • 75 6 AFP [BEIJING] China has withdrawn an exploratory oil rig in the South China Sea in an area disputed with Vietnam, a senior official with the China National Offshore Oil Corp (CNOOC) said yesterday. "After completing its normal work, the Kantan 111 has been withdrawn,"
        AFP  -  75 words
      • 81 6 Reuter [BANGKOK] The Bank of Thailand said yesterday that it would wait for a few months for clearer signs of economic stability before easing high Thai interest rates. Assistant central bank governor Slri Ganjarerndee said Thai lending rates should not decline before the
        Reuter  -  81 words
    • 390 6  -  KUALA LUMPUR Central bank meets chiefs of financial institutions By Eddie Toh BANK NEGARA continued its information drive to explain its new credit curbs yesterday as a still-rattled stock market continued to fall further. The central bank met chief executives of Malaysian financial
      390 words
  • Page 6 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • 58 7 Reuter [TAIPEI] Taiwan is considering establishing an indicator system to regulate the flow of investment to China, the leading China Times daily said yesterday. The indicator, which would reflect political and economic conditions on the mainland, could be used to signal when such
        Reuter  -  58 words
      • 63 7 AFP [HONGKONG] Hongkong's future cabinet, the Executive Council, under Tung Chee-hwa is to release in the next few days a consultation paper on planned changes to human rights and civil liberties laws, sources said yesterday. The paper will seek to scrap amendments to
        AFP  -  63 words
      • 60 7 AFP [BEIJING] China yesterday slammed Denmark for plans to table a UN motion condemning Beijing's human rights record and defended its 1989 crackdown in Tiananmen Square. "I can say that relations between China and Denmark will be seriously damaged politically and economically if Denmark really
        AFP  -  60 words
    • 433 7  -  SINGAPORE Worst may be over for state-owned firms, says former top official of think-tank By Lu Ning THE worst may be over for China's once moribund stateowned enterprises (SOEs), says a Chinese expert on them. In an unusually optimistic assessment, Yang Mu, a former top official
      433 words
    • 129 7 BEIJING Reuter CHINA'S construction industry is riddled with corruption resulting in shoddy quality and deadly building collapses, the official Market Daily said yesterday. Some 27.6 per cent of economic crimes in China in 19% involved the construction industry, the paper said. In Shanghai, 39
      Reuter  -  129 words
    • 368 7 WASHINGTON AFP, DPA CHINA'S economy produced more than US$745 billion (551.07 trillion) of goods and services in 1995, topping the list of economic "emerging giants" identified by the World Bank in a new annual publication released at the weekend. While the
      AFP, DPA  -  368 words
    • 253 7  -  HONGKONG By\ Loh Hui Yin THE US is determined to stamp out any corruption at its Hongkong consulate after its top immigration official here was implicated in a visa fraud case. James Deßates, the chief official responsible for immigration to the
      253 words
  • Page 7 Advertisements
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      213 words

  • ASIA
    • 395 8 SEOUL Chung says funds given to politicians, then denies making payoffs AFP THE founder of South Korea's Hanbo Group, in dramatic testimony broadcast live from a Seoul jail, at first admitted yesterday that company officials had offered cash gills to senior ruling and opposition
      AFP  -  395 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
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      147 words

  • REGION/WORLD
    • 450 10 NEW DELHI In a change of tactics, party says it is chalking out a strategy if the Gowda govt falls on Friday AFP HINDU nationalists made a Uturn here yesterday pledging to try to form a government if India's beleaguered ruling coalition loses a
      AFP  -  450 words
    • 302 10 WASHINGTON Reuter PROFITS of US manufacturing companies slipped in the final quarter of last year despite rising sales, the Commerce Department said yesterday. A quarterly survey of about 8,300 companies showed that profits dipped in the fourth quarter to a seasonally adjusted 6.1 cents
      Reuter  -  302 words
    • 366 10  -  SINGAPORE By) Larry Wee NEW Zealand's central bank would like to see higher interest rates and a lower exchange rate under the present monetary conditions, the country's visiting Deputy Prime Minister and Treasurer Winston Peters said here yesterday. He was responding to a
      ARTHUR LEE  -  366 words
    • 341 10  -  NEW DELHI By\ K P Nayar CONTRARY to popular impression, the Indian cabinet's decision last Wednesday to bar foreign airlines from taking a stake in domestic airlines has actually opened the way for the Tata-SIA venture to take off, albeit through
      341 words
    • 249 10 HONGKONG Politically inspired action against staff: Peregrine AFX-Asia PEREGRINE Investments Holdings Ltd said yesterday in a statement to the Bangladeshi government that the arrest warrant for a staff member, Runa Alam, was a "politically inspired action against its staff". It said Ms Alam was founder
      AFX-Asia  -  249 words
    • 366 10 BASLE Reuter BUNDESBANK president Hans Tietmeyer yesterday said markets should be cautious in expecting further US interest rate changes after the US Federal Reserve ended its 20-month easing period on March 25. "Of course we have to look at how markets
      Reuter  -  366 words
  • Page 10 Advertisements
    • 182 10 WORLD BUSINESS CL,AS "From here to To ky o to the whole USA... without missing a beat!" A /N m; I Stress relief Northwest J mm time savings to il|_ W&j^m -Bk. j a where Medical Instrument Co. Owner. Singapore. global network of Northwest Airlines and KLM is perfect for
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  • EDITORIAL & OPINION
    • 778 11  -  THE BOTTOM LDVE OPINION By Neil Behrmann The writer is BT's London correspondent ARE investors sanguine about the potential risks of investing in the London stock market? Barring an election miracle for the beleaguered Conservatives, Tony Blair's "new" Labour Party will be
      778 words
    • 127 11 'On the one hand, he says "Trust me". On the other hand, he slithers and squirms away from answering any questions. You can't trust someone who can't give you a straight answer.' John Major British Prime Minister on Labour leader Tony Blair's apparent contradictory statements on Scottish
      127 words
    • 635 11 EDITORIAL CONTRARY to what some reports have suggested, the Japanese banking system is not on the verge of a new crisis, despite last week's announcement of major restructuring plans by two of the country's 20 leading banks. The downsizing and withdrawal from international business
      635 words
    • 888 11  -  Turmoil over mercenary scandal will scare off foreign investment and stall start of local bourse By Russell Baker The writer is a Sydneybased journalist who contributes to BT THE political saga unfolding in Papua New Guinea is enough to weaken the resolve of
      REUTER  -  888 words
    • 329 11  -  MAILBOX Badariah Ismail Corporate Affairs Manager Securities Commission Malaysia I REFER to your article entitled, "KLSE main board listings: paid-up raised to Mssom" (BT, Apr 2) and wish to bring to your attention two factual errors: 1. The SC statement on the Guidelines for the
      329 words
    • 575 11 Law's threat to US liberty MOST recent criticism of America's immigration policy has focused on the new welfare reform law's mean-spirit-ed limits on public assistance for legal immigrants. But the broad immigration bill that took effect this week may turn out to be a graver threat.
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  • Page 11 Advertisements
    • 60 11 TheßusinessTimes ailtAP*ia TIMES HOUSE, 390 KIM SENG ROAD *****5 PHONE: *****11 FAX: *****71 INTERNET: biztimes<®asial.com.sg Executive Director Editor TJONG YIK MIN PATRICK DANIEL Chief Operating Officer Deputy Editor DENIS TAY MARGARET THOMAS Group General Manager (Marketing) Acting News Editor THAMKHAIWOR CHUANG PECK MING Group General Manager (Production) Night Editor CHEW
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  • Page 11 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 540 12  -  Survivors critical of the costly string of mega events to mark the 85th anniversary of the sinking, says ftiißX dotal smith ALEX DUVAL SMITH DPA Survivors of the Titanic claim that tasteless commercialism including an overspent disaster film, a Broadway musical, a themed exhibition
      DPA; FILE PHOTO  -  540 words
    • 390 12 BOOKS Numerous new books explore secret DPA [GENEVA] Switzerland is in the dock, as Holocaust victims and their heirs voice strident demands for the truth regarding Swiss bankers' secret dealings with their savings and with Nazi Germany. Persistent questioning has brought journalists, publishers
      DPA  -  390 words
    • 67 12 FESTIVAL WA TC H Whats on at the Singapore International Film Feattoait "'i&Lmmm-EricKtoo Btagaporc (1997). 103 t Not rated -SoU Out NeU*erian*B(l9e6).temißa. PG. VB Sold Out r tJT ETHLRttwtk Ghatak. iadtad (1981). 110 mlns. PG. WBI^ or eall 737-8422 (flam to OpaJ. Alliance Fra&ctb 106 mlns. PO. -'ijgl£ asssrfe.« i
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    • 192 12 TELEVISION [SINGAPORE] Speakers of the French language in Singapore now have a television channel all their own. The international Frenchspeaking channel TVS celebrated its launch on Singapore Cable Vision (SCV) yesterday. Tommy Koh, ambassa-dor-at-large and executive director of the Asia Europe Foundation told the
      192 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 743 13 TV&RAPIO U.OO Tuesday After OJO CPR. BJUIIJIIIIMSSHHHHiHHHiIHHiH Exorcist (See Our Choice). 10.00 Japan Hour |ngHn^HHn«gHHHnvuarv«pf Lao PM TV Innovations. ub AM X-Piles (r). IUO TV Innovations. 3.30 The Winners. a.OO The Bill. LOO AM Close. J 3.00 Money, Money, Money. jjm By Demand. BJO How to Succeed in Busi- 3,40
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    • 207 13 CBTPTIC OROSSWORD HfWfKMi P I p p |i r I MBi I' I II 1 Watch component slip out >-4J-^J--Lr >^J ,i -||||nv >^r M 6 Cooked dish splashes back (4) culator (5-4) 13 Take advantage of old story--18 Workers' representatives found the passwords 21 Stagger to us and collapse
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  • Cycle & Carriage Golf Page
    • 1094 14  -  Caution, nicelaus d'CRUZ says, is crucial when tackling the formidable Palm Course at Saujana Golf and Country Club NICKLAUS D'CRUZ The writer is editor of the Asian Gotf Review. These articles and further information about golfing in Asia are available on the Internet at
      1,094 words
    • 990 14 Fream the dream architect PROFILE Hie prolific designer builds courses for typical golfers rather than for pros and champs RONALD Fream must be the world's most prolific golf course architect having designed more than 150 golf courses in nearly 60 countries since 1966. There is hardly a country you would
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  • Page 14 Advertisements
    • 61 14 W M I p Come join thirty-five thousand amateur golfers all over the world as they vie for the prestigious Mercedes-Benz Trophy. With a little luck and some practice, you could well be on your way V.^ v J CYOJE a CARWIAGt to the World Final to be held in
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  • COMPANIES & MARKETS
    • 454 15  -  Newly-formed company has an order book filled with jobs worth $lb By Lee Han Shih [SINGAPORE] Newly-created Sembawang Engineering and Construction (Semßec), whose order book is already filled with $1 billion of jobs, yesterday unveiled ambitious plans to become a top engineering
      454 words
    • 487 15  -  Low level due to high price, the many IPOs on offer now Byi Annette Pau [SINGAPORE] Local electronic components distributor Serial System's Sesdaq-bound initial public offer was subscribed 14 times, the company said yesterday. Serial's IPO was offered in two tranches 27.75 million Shares to
      487 words
    • 701 15  -  HOCK LOCK SIEW Anthony Rowley THE great unwinding may at last have begun on Wall Street and predictably enough, many stock analysts are trying to console themselves with the idea that the 3 per cent drop in the Dow over the past
      701 words
    • 580 15  -  Thai property company facing a liquidity crunch By\ Siow Li Sen [SINGAPORE] United Overseas Bank (UOB) is making provision for troubled loans totalling US$lO million (5514.3 million) to shareholders of the Univest group, a property company in Thailand which is facing
      580 words
    • 198 15 [SINGAPORE] The Insurance Corporation of Singapore (ICS) has cut the bonus rate for just one class of its life insurance policies. The listed company said yesterday that SRB (simple reversionary bonus) policies will get $36 per thousand sum assured this year, down 22
      198 words
    • REGIONAL COMPANIES
      • 369 16  -  It says profit from MCL share sales should be treated as capital gains By> Tan Su Yen [SINGAPORE] Hotel Properties Ltd (HPL) is appealing against tax charges of $17.7 million incurred through sales of the group's shares in associated company Malayan Credit Ltd over the
        369 words
      • 405 16 Reuter [KUALA LUMPUR] The initial public offering (IPO) of Malaysia's Bakun Hydro-Electric Corp, the holding firm of the Msls billion (SsB.7 billion) Bakun dam, has attracted good interest from local and foreign investors, the IPO's adviser said yesterday. Asked about the
        Reuter  -  405 words
      • 237 16 [SINGAPORE] Sports goods distributor Ossia International (Ossia) has acquired a wholesale and distribution business in Taiwan and set up a new joint venture company in Malaysia. The mainboard-listed company said yesterday that its 51 per cent owned subsidiary, Ossia International (Taiwan) Co, had bought wholesaler
        237 words
      • 188 16 Bloomberg [KUALA LUMPUR) United Engineers (M) Bhd said it has cancelled plans to sell a 20 per cent stake in closely held Mekar Idaman Sdn. United Engineers, the country's largest construction company, didn't say why the sale was cancelled. Company officials
        Bloomberg  -  188 words
      • 507 16 M'sian banking group to pay 880 m pesos for acquisition AFX-Asia [KUALA LUMPUR] Malayan Banking Bhd (Maybank) yesterday signed a memorandum of agreement to buy a 60 per cent stake in PNB-Republic Bank at a cost of 880 million pesos (5547.9 million). Maybank
        AFX-Asia  -  507 words
      • 143 16 Bloomberg [SINGAPORE] Hong Fok Corp, a Singapore-based property developer, said an associated company has bought a 2.36 per cent stake in the company. Hong Fok said Winfoong Holding, a unit of Hongkong's Winfoong International Ltd, paid an average of $2.52 for 3.22 million shares bought
        Bloomberg  -  143 words
      • COMPANY Briefs
        • 147 16 [SINGAPORE] City Developments Ltd's first residential project In Australia has received strong response during its launch over the weekend. More than 90 per cent, or 74 of the 81 units put on sale in Phase One of its Birkenhead Quay project in Sydney, were
          147 words
        • 101 16 [SINGAPORE] Wee Poh Holdings, which just announced net earnings of 12.43 million for the six months ended Dec 31, yesterday said it had bagged a 146 million job to widen the Pan Island Expressway. The company said the contract was won in
          101 words
        • 124 16 [SINGAPORE] DBS Bank said in a statement yesterday that it has been appointed manager of the ISO million bond cum warrant Issue for Teledata Singapore. The unsecured bonds, which will be due 2002, will be issued with 24 million detachable warrants, which are convertible
          124 words
        • 61 16 [SINGAPORE] Cam International Holdings has appointed Yap Bu Llm alias Yap Bor Lim as vice-chairman of the company. Mr Yap is the managing director of Scentsurround Worldwide Pte Ltd which holds a 17.32 per cent stake In CAM. Scentsurround acquired its Cam stake a year ago
          61 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 424 17 Kerry Packer, Brierley ruled oat as mystery buyer of As6Bm stake Bloomberg [SYDNEY] Merrill Lynch Co yesterdaytraded nearly 3 per cent of shares in Australian newspaper publisher John Fairfax Holdings Ltd valued at As6B million (5575.9 million). ABN Amro Hoare Govett
        Bloomberg; Source: Bloomberg  -  424 words
      • 408 17 Bloomberg [LAS VEGAS] Microsoft Corp said it will acquire WebTV Networks Inc for US$425 million (Ss6l2 million) in cash and stock as part of the software company's strategy to weave its Internet products with digital broadcasting. The agreement is the largest Internet purchase Microsoft
        Bloomberg  -  408 words
      • 313 17 Bank plans to seek approval for capital raising exercises Reuter [FRANKFURT] Commerzbank AG, Germany's third largest commercial bank, yesterday reported a 24 per cent rise in net profit for 1996 on the back of what it said were strong financial operations and strict cost control.
        Reuter  -  313 words
      • 357 17 Reuter [NEW YORK] Exxon Corp and General Electric are co-cham-pions this year, topping the Forbes Super 100 list with the distinction of being America's top companies. The Forbes' list of 500 of the country's top corporations ranks them according to
        Reuter; Source: Forbes  -  357 words
    • FINANCE & COMMODITIES
      • 339 18  -  First Thai bank to tap S'pore offshore market since Thai financial crisis liy\ Soh Tiang Keng [SINGAPORE] Nakornthon Bank has tapped the local offshore market for US$75 million (SsloB million) for the second time in seven months. The listed Thai bank yesterday signed a
        339 words
      • 423 18 Trillions in sour loans will surface if bank subsidiaries fail Bloomberg [TOKYO] Japanese banks have trillions of yen of "hidden" bad home loans they haven't reported to investors, said a Japanese lawmaker and certified public accountant. Commercial banks extended the home loans
        Bloomberg; FILE PHOTO  -  423 words
      • 302 18 Reuter [SYDNEY] Westpac Banking Corp must show its proposed merger with the Bank of Melbourne Ltd would not lessen competition, Allan Fels, chairman of the Australian Competition and Consumer Commission (ACCC), said yesterday. He was speaking in a television interview on Channel Nine's
        Reuter  -  302 words
      • 336 18 Move adds pressure on big banks to buy securities firms NYT, AFX-Asia [NEW YORK] Move over Chase, Lehman and Salomon, here comes Bankers Trust-Al-ex Brown, a new gorilla on Wall Street and in world securities markets. A US$l.7 billion (552.45 billion) acquisition of Alex Brown
        NYT, AFX-Asia  -  336 words
      • 129 18 Bloomberg [BEIJING] China Merchants Bank, a Shenzhen-based commercial bank, saw profits rise 38 per cent last year to 2.423 billion yuan (*****.8 million), a bank official said. Zhou Wen, chief information officer, said the company earned about US$lOO million (Ssl44 million) in profits from
        Bloomberg  -  129 words
      • 218 18 rsimKJi Report Reuter [SINGAPORE) Simex Euroyen futures failed to make much headway yesterday even as Japanese government bond (JGB) hit new highs on shortcovering by hedge funds. "Market sentiment has swung around once again. There's no rate hike expected at least till the autumn now,"
        Reuter  -  218 words
      • 194 18  -  MSCI TAIW AM FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures resumed their rise yesterday. Trading was bullish with the April contract closing just off its high of 351.1. The discount to cash narrowed further
        194 words
      • 216 18 ENERGY REPORT Reuter [LONDON] Opec blithely lifted oil output again in March and showed no sign of stemming the rising tide of production which has contributed to a 30 per cent oil price slump in the space of three months. Crude output rose
        Reuter  -  216 words
      • Article, Illustration
        1254 18 PfTERBAWK CROSS RATES iiE A5 C$ Rmfe ECU Ffr Om HK$ tnd B» Bwptoli Ytw Won M$ KZ$ P«fc fo N«o S$ Bud Sfr NT$ Baht Pound —US$ Australia 1 o«2 6178 0.675 4.431 1316 6.019 27.857 18.685 0.968 6.940 1.936 1126 31.218 20.477 1.115 3.430 '129 21.*****.207 0.477 0.777
        1,254 words
      • 284 18 Reuter London THE US dollar rose sharply yesterday, supported by a weakened German mark and the differential between US interest rates and those in Japan and Europe which appears set to widen. By 1230 GMT, the dollar had climbed to 1.6955 marks from 1.6863 late on Friday. It
        Reuter  -  284 words
    • 1770 19 SlCOHrUTUBES A P r7 RUMCR (Mures closing as <t 5.30pm> RSS 1 CONTRACTS cwtsAg) Clost Volumt Op«n Month High Low Sttt (tonnts) Inttrtst May 97 167.75 1125 Jun 97 169.00 1150 Jul 97 171.00 170.00 170.25 500 2170 Aug 97 170.75 1870 $«p 97 171.25 1870 0<t/Dcc 97
      1,770 words
    • 2410 19 LONDON Mistrials 07 Ptnca *h AB Ports 271.400 unch Abbey National 760.400 19.400 Allied Domecq 448.400 -1.600 Amec 139.400 -4 Asda Group 107.400 *1 BAT Ind 517 -2.400 BC Pic 178.400 5 BtCC 272 1.600 BOC Group 943 -.400 BR Petroleum 678.400 8 BTR 256 -4 Bank
      2,410 words
    • 1649 19 Reuter P Nikkei 225 -144*2 STOCKS ended lower yesterday, as afternoon selling in the financial and construction sectors erased early gains by exporters, whose shares were buoyed by the yen's weakening against the dollar, brokers said. The 225-share Nikkei Average fell 144.92 points to 17,715.67. June Nikkei futures lost
      Reuter  -  1,649 words
    • Article, Illustration
      1564 20 Bloomberg QHangSeog +8125 STOCKS rose for a second day yesterday as a rally in US shares helped ease concern rising interest rates will stunt corporate earnings HSBC, which accounts for about one-fifth of the Hang Seng Index, led the way. Wharf Holdings, Wheelock and other property-related companies rebounded from
      Bloomberg  -  1,564 words
    • Article, Illustration
      658 20 Reuter kl Shenzhen B Index -0.86 SHENZHEN B shares ended slightly down in dull trade yesterday as uncertainties over the annual results of B listed companies persisted, dampening buying interest. The B Share Index shed 0.86 point to 160.41. Turnover was HK168.4 million, compared with Friday's HK$5B.B million. "I
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  658 words
    • 404 20  -  Bruce Cheesman HWP Index +***** SOARING electronics stocks led to the now predictable bullrun, with the index increasing by 1.8 per cent yesterday. The TSE Weighted Price Index rose 150.30 points to close at 8,517.70. Taiwan continues to ignore the mood of Asia's mainly depressed markets by continuing to
      404 words
    • 270 20 Bloomberg n Wellington 4g SHARES fell yesterday amid concerns that domestic and US interest rates are headed higher. The NZSE Top 40share Index fell 4.52 points to 2,221.01. Trading was valued at NZ523.7 million Bloomberg »B m *h no ANZ Banking 9.03 0.08 ***** Advantages MWg» 1.27 0.02 2000
      Bloomberg  -  270 words
    • 313 20 AFP Q Manila -69.63 SHARE prices closed 2.3 per cent lower yesterday on fears of a property glut and on negative sentiment about San Miguel's soft drink merger with Australia's Coca-Cola Amatil. The PSE Composite Index lost 69.63 points to 2,990.96. Turnover was 9.9 billion shares worth 2.9 billion
      AFP  -  313 words
    • 416 20 AFP Composite Index +7.48 SHARE prices rose yesterday, as local institutional investors went on a buying spree ahead of a planned rise of the foreign shareholding ceiling. The Composite Index gained 7.48 points to 694.90. Turnover was 40.7 million shares worth 546.5 billion won. Risers beat falls 434 to
      AFP  -  416 words
    • 622 20 AFP PAnOrdmarta -3.5 SHARES eased yesterday as anxiety ahead of the release of a government report on the Finance sector combined with profit taking to depress sentiment, brokers said. The All Ordinaries Index lost 3.5 points at 2,366.0. Turnover was 221.8 million shares worth A 5617.9 million. Among leading
      AFP  -  622 words
    • Article, Illustration
      792 20 Bloomberg kJ Composite Index -0.79 STOCKS were little changed yesterday, as property and finance stocks fell on concerns that rising US interest rates may prevent expected interest rate cuts in Indonesia, brokers and analysts said. "The interest rate differential between the US and Indonesia has narrowed to its smallest
      Bloomberg  -  792 words
    • KUALA LUMPUR STOCK MARKET
      • 308 21 AFX-Asia Q Composite Index -2-55 SHARE prices closed lower yesterday, reversing early signs of a let-up in selling pressure, dealers said. They said investors are still worried about the implications of Bank Negara's recent rulings and are unlikely to regain confidence until further news surfaces.
        AFX-Asia  -  308 words
      • 277 21 U» 0— Until Coniumor prd 19 24 14 MM pri 27 52 9 Construction 10 9 6 Trtdbtq/Svc 22 51 16 InfrMtni I t 0 rn«Kl 27 23 17 Hot»! 2 3 t Protxrty 22 27 IS Ptontotton 19 10 Mining 2 4 2 Trust t 0 3 LOW 32
        277 words
      • 8053 21 INDUSTRIALS CtniMr products 1997 Last Vol Day Net Cap L— Cl— iO *000 HUfc 790 650 670 tO 9 670 670 5L1 271.6 448 322 Anqkasa 324 -4 1043 334 324 9.6 477.7 905 705 Apollo Food Hlq 730 -20 128 770 725 292.0 428 189 B*rjayalnd 310 -4 3314
        8,053 words
    • WARRANTS&OPTIONS
      • 218 22  -  WARRANT WATCH By Ven Sreenivasan THE Multi-Purpose Holdings Bhd warrant, which has benefited from the strong retail interest in Clob-traded counters in the last few months, fell 1.5 cents to 95.5 cents amid jitters over the direction of the Kuala Lumpur bourse. In KL,
        218 words
      • 3594 22 •OHM, LOAM ft WARRANTS j wt LMt vol Day Ou«U H*h La« StM (000 > Hl L 8 H f t 68 48 m 3000 m AM08 C5.5H*****6 50sc unci) 10 50 50 50 62 415 3)60 *Actr ******1 US$ 43 5 43 42 42 5 43.5 131 77 3164
        3,594 words
    • 2214 22 MALAYSIAN STOCKS Of Or M i Vo4 0«* L**t Quota 0* Mv VM Nat M Ca» Ml* La* Stno Company M COOO) MH»I Law Buyar w Ctr W Tt8 370 m s 5000 AIS8 50c 370 32 390 370 370 380 5 0 <9 0.4 75.2 379.5 137
      2,214 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1597 23 TURNOVER COOO) VALUC COOO) Mrt> g» r»m w» cut Wfi MnW 20,894 12,926 ***** 72,221 25.631 97 852 nwn M80 7.200 13.380 61,715 10.696 72.6« HMO *01 932 1,733 1.792 4.082 5.476 16.238 21.7V. 25.900 19.255 45.155 nanttMcn 1.433 1.433 3.983 3,983 IMM 547 547 1.501 1.501 M.W 3441 19,361
        1,597 words
      • 4408 23 Transaction Date :Apr 7 Or Gr M Wt List Vol Day Last Ouota Ot* Wv YM Nat Cap Avg HI| (l WT i r| JtHo Comp40y Sa>a COOP) High Low Boyar Sallar C'vr P/t $m>l Prlca MBtftTMMS 5146 ASENTS***** US- I I I I ««S 885 !IM AcarKk
        4,408 words
      • 1114 23 6r St M WT 1997 LmI Vot Dov Lost Ouolt CM* Mr W IM Cap Av« hnh l— ttw ci«m«v tf rooo) l— Bmwr h» cw w Mw SCSOAQ 186 131 0 2000 ABRHWgsSC 133 cd 130 135 3.0 6.0 ai 190.0 59-2 134 202 144 0 2049 AS
        1,114 words
      • Article, Illustration
        73 24  -  bjl Shiv Taneja OVERSEAS ÜBION BANK'S foreign tranche, which closed 20 cents higher yesterday at f10.60 on a volume of 1.55 million shares, will experience some volatile trading in the near term. Investors should use any weakness in the days ahead as an opportunity to accumulate the shares,
        73 words
      • 241 24 Stacks HK land US$0.10 4.286,000 •MBF Land Bhd 3.341.000 *MBf Hldgs 50c 3.063,000 *AMD6 50c 2,677,000 Labroy M 20c 2,422,000 'Asia Pac Ld 2.159,000 •Multi-P Wt98 2.053.000 •PJ Dev Wt 2,046.000 NatSteei 50c 2.019.000 •Amsteel Wl 1.978,000 Stocks DBS Foreign 20,100,356 OUB Foreign 16,366,582 UOB Foreign 10.841,382 HK Land US$0.10
        241 words
      • 655 24  -  STOCK MARKET COMMENTARY Selective buying of property and bank stocks; brokers say retail investors hit by heavy contra losses on Clob By Ven Sreenivasan [SINGAPORE] The stock market here recovered slightly yesterday amid selective institutional buying of blue chip stocks. However, the
        655 words
      • ON THE GRAPEVINE
        • 71 24 A COUPLE was seen carrying their shoes walking around the showflats of Guilin View, a condominium project developed by City Developments. When asked why, the husband said: "These are expensive brands. I've heard of people losing shoes when they visit showflats and I don't want that to
          71 words
        • 117 24 GERARD GREENE, director and chief operating officer of John Govett Asia, is moving on to bigger and better things, we hear. Later this month, Mr Greene will move to London as managing director of AIB Investment Managers UK Ltd, an Allied Irish Bank group company responsible for discretionary
          117 words
        • 82 24 STANDARD CHARTERED BANK, the largest distributor of third-party fluids in town, is making further in roads with local bank-managed fUnds. Stanchart already sells the entire range of UOB Asset Management funds (UOB's the first local bank to allow another bank to sell its investment products), and
          82 words
        • 128 24 AT a recent interview, Chris Cowan, the outgoing group finance director of Jardine Matheson Holdings, told our reporter that its 25 per cent owned associate, Rowe Price Fleming, did very well in the US in 1996 despite the bad publicity which dogged Jardine
          128 words
        • 76 24 IN HONGKONG, accountants are said to be refusing to audit companies With major exposures to China because there is no way to ascertain the validity of Figures. Apparently, if something goes wrong, the accounting firm could get sued for big sums. Given that the auditing fee is not
          76 words
        • 70 24 KERRY PACKER, press baron and richest man in Australia, once gave out U*****,000 in tips to a bunch of unbelieving croupiers in a Las Vegas casino. This and other gems of information on the gaming capital of the world are to be found in the new edition of
          70 words
        • 81 24 THE young in Vietnam patronise cinemas for more than just a movie. A study by a Western market research firm found that many Vietnamese young couples go to the cinemas to "make out" because they don't have privacy in their crowded homes. When asked, many young Vietnamese
          81 words
  • Page 15 Advertisements
    • 133 15 %i% a C W* l non-stop »ft Your Choice: More than 10 million* travellers fly with us every year but you remain our No. 1 passenger. Swissair believes in treating its passengers as individuals/ with specific needs, tastes and preferences. That's why we go the distance to offer you an
      133 words

  • Page 16 Advertisements
    • 313 16 You can say NO to duplication in your accounts department You must be fed up of the number of times the same voucher or invoice is made, posted, updated and written over and over again by the different departments in your company. This naturally leads to delays, errors and unnecessary
      313 words
    • 451 16 Seminar on Finance For Non-Financial Managers As companies strive to enhance their shareholders' funds, there is a greater need to understand financial information, particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction
      451 words
    • 93 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words

  • Page 17 Advertisements
    • 182 17 FIRST IMPRESSIONS ARE OUR LAST CONCERN -~r.- in in mrnmu izr— "From Ssl4s*, Including American Breakfast, There's Nothing Quite Like The Grand Plaza Hotel sm We're confident that you'll like what you see at the Crand Plaza Hotel. In the heart I Singapore's Civic and Cultural District, our guests enjoy
      182 words
    • 819 17 Mil (s m ua x is m) Mil UNITED OVERSEAS BANK LTD IV V V (INCORPORATED IN THE REPUBLIC OF SINGAPORE) UOB WARRANTS 1997 TO SUBSCRIBE FOR SHARES IN UNITED OVERSEAS BANK LIMITED EXPIRING AT 5.00 P.M. ON 16 JUNE 1997 To Holders of Warrants 1997 ("Warrants") IMPORTANT NOTICE This
      819 words



  • Page 20 Advertisements
    • 42 20 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao. ♦The Thai stock market was closed yesterday. Singapore Business Giving you the winning edge
      42 words

  • Page 21 Advertisements
    • 131 21 ~~Lcind Transport Authority Infoline— COE Bidding Results Car Registration Number Availability. Available on lOth or 11th of every month. All you Available between Saturday and Wednesday each week. All you need is need is enter your IC, Passport or Company Registration enter your Car Registration number; number and the Vehicle
      131 words



  • Page 24 Advertisements
    • 500 24 BUSINESS Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TV All-conditioning Services Pte Ltd (In Member's Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of Companies Act Cap 50 that the Final Meeting of the Company will
      500 words
    • 307 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RSEA-HOCK UAN SENG (CONSTRUCTION) PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be
      307 words
    • 894 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BORNEO SUNSHINE PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN thai an-Extraordinary General Meeting of Members of BORNEO SUNSHINE PTE LTD duly convened and held at 4158 Jalan Besar. Singapore *****6 on Ist April 1997, the
      894 words
    • 92 24 To advertise call toll-free 1800-741 1883 Are You THROWING AWAY POTENTIAL PROFITS? Recommendations from experts ig. illiiyly Useful tips on what to buy, K&fc' @X..i sell or hold. Allocation Results using CDP Nos. Wondering S> which share result 7 Call 740-2350(24-hrs) to check first. Calls cost only 50* per a
      92 words

  • SHIPPING TIMES
    • 285 25 Bridge News CHARTERERS continued to talk of lower rates for Panamax tonnage in most areas of the market, but start from the US Gulf, levels have held so far fcirly steady. The ftrtures again tested fee support levels and, Cven though the May contract broke through the tfiOO
      Bridge News  -  285 words
    • 130 25 4»T m *b W —m S5 T Swim* am w* m %mkMMtMHl_US a 0.7* -OM m 1»lfcMfc|l Ml Ml >S j*SWH5 om8 ojx m iwSIm-IIJtu aKl> "o? m* Grv *M ojo4 m TCiirmniii LS2 aoi SS 2% 3S KcMcCvrtm bM OM •> gZZSL—12 Z Cii itcmt—u kms m
      130 words
    • 433 25  -  Increased US$l75 per TED and US$225 per t'£U with effect from May 1 By] Marcus Hand [SINGAPORE] The Far Eastern Freight Conference (FEFC), struggling to reach a minimum rate level outlined at the end of last year, will increase rates on
      433 words
    • 277 25 Mfntetoknt* create efficient pert of entry mechanism [BEIJING] Shared information through the Internet and unified standards of commodity inspection are among the proposals put forth for cooperation between ports of entry in Guangdong province and Hongkong. A study on strengthening cooperation between
      277 words
    • 160 25 Reuter {HONGKONG] Shenzhen, ranked fourth in China after Shanghai, Tianjin and Qingdao last year, hopes to be China's second largest container port this year. The Shenzhen-based Securities Times said yesterday that Shenzhen, which borders Hongkong, handled 210,000 20foot equivalent units (TEUs) in
      Reuter  -  160 words
    • 162 25 [SINGAPORE] An Antwerpbased maritime and transport group is offering a scholarship programme to a student from any Asian country for maritime studies at the University of Antwerp, in a move aimed at developing transport and maritime ties between Europe and Asia. The company, Ahlers, an
      162 words
    • 292 25 AFP [DUBAI] Construction has started on an US$B5-million (5J121.5 million) petroleum products terminal in the emirate of Fujairah, the world's second largest bunkering centre after Singapore. The Van Ommeren Tank Terminal Fujairah, in the north-east of the United Arab Emirates Fujairah, will be completed
      AFP  -  292 words
    • 138 25 [CAIRO] Revenues from Suez Canal tolls feU US$7O Million (SIIOO.I million) In 1996 as compared to the previous year despite Egypt's efforts to encourage oil tankers and bulk freighters to use the waterway. Revenues declined from U551,951 miUion in 1995 to US$l,BBl million
      138 words
    • PORT Shots
      • 96 25 [SEOUL] In collaboration with Hanjin Heavy Industrie Daewoo Corp haa won a UBf«2 million (S*o million) award from MISC, a Malaysian state-run shipping firm, for two 700-TBU (20-foot equivalent unit) container ships, according to a Comilne news report Company sources disclosed Daewoo Corp and
        96 words
      • 52 25 AFX-Asia [JAKARTA] Sukanto Tanoto of the Raja Garuda Mas group and the Salim Group are to sign a cooperation agreement for the establishment of a Joint venture liquid carrier company. Bimls Indonesia quoted Mr Sukanto as saying the agreement will be signed on April
        AFX-Asia  -  52 words
      • 71 25 AFP [WASHINGTON] A fire on a Cunard Line cruiae ship killed a German crew member and forced paseenfws to spend most of the night preparing to evacuate the ship, officials said on Sunday. The ftre broke out st l.eoem (OMOGIfT), shortly after the
        AFP  -  71 words
    • 194 25 Business Line [BOMBAY] The Jawaharlal Nehru Port Trust (JNPT) will appoint an independent agency to examine the government's suggestion that the port corporatise itself instead of asking for financial restructuring. If the port decides to go ahead, it could
      Business Line  -  194 words
    • 983 26  -  WORLD SHIPPING: CLOUDS ON THE HORIZON An unprecedented surge in new ships set to arrive on the world market between now and the end of the decade is set to cause container overcapacity on ocean shipping lanes, boding ill for maritime operators QL Peter Tirschwell
      Journal of Commerce; FILE PHOTO  -  983 words
    • 258 26 PAGE Eastmai 5 n EAS lot I II AM. 3 ECl 6 AW* 4 EES 12 i Accord 12 am*M 4 Euroh Appenstap 5 twgrew 6 Astro 3 F,mous T Austral H Fl-Briqht 6 A»ant 6 foongSw 12 UA 7 Frt World 7
      258 words
    • 13961 32 THEBUSINESSTIMES EXPORT rage ETA CTA AR~1Mr V«M *RWW T MM** tTA CTA V«M (MMgj|MBi(MMMBIIMRMMRMaMMMBaWMRRBBMMBWBBBBRBMRMBM 17/M 0/99 Hat#* K M-BWB4 To BREMERHAVEN (BRV) 2097 AMMAN (ABJ) 200), Garmany ivory Coast, Cota D Ivolra HM4ln tram cosmos mm» MM MW COSCO TAV*A B/M MW DSEN HONMONO SENATOR urm m-btmm WW
      13,961 words
    • SHIPS IN PORT
      • 581 39 y HM l voyNo wnii zTzT *143 m~t** MM/2300 MM "43 -:vr::: m 94, c joo mm** mow £S£ mm/omo «°2?; ESS SEcjoc J 2525 m ZI M M/0*>0 MIMMM* MM/OOOO U-Mlhr VMtl M Jagg 0. Utmf J? S5, 07 04/1400 U«*C*I»3* L* j?, r 04/1000 Mw 6f«***
        581 words
      • 1358 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO loofcto«/MMC« *»th Sdip Voy No Etb/Btr Nrtod from To Frow u c 2iw oa/mo u ormoo or/«n or/mo M«*y» 07/000 07/1455 07/8W 0302« 01/2 JOC U 07/1700 04/0*54 04/0400 U^*T a 47/1744 04/0*51 04/CTOC 04/0700 OHM 44/5444 4 04/1200 04/5451
        1,358 words
      • 199 39 Apr* Philippines: Day of Valour. Apr 12 Thailand: Songkran Festival Day. Apr IB Brunei: Hari Raya Haji. Indonesia: Id-el- Adha. Malaysia: Hari Raya Qurban. Singapore: Hari Raya Haji. Apr 28 Australia: Antac Day. Denmark: St. Bededag. Japan: Greenery Day. New Zealand: Antac Day. Apr*) Netherlands: Queen's Day. Mayl
        199 words
      • 881 39 THIS report, coaipltod by C*cM« Marine Oil Lid. ihowt price range* in US fair* toatoad of tingle price* tor more oomfnhmmtw deacrlptlon of tha market Price* *how* *ra baa* cm •yorage-.twd ■tan Martat ainr*nn~ are indicated The Coctottßuakar Prtoa Index chaag* andthe todl vidua) i Inlla*
        881 words
      • 307 39 c*. W*- U °"4 0 ltk .a He mom QS 119 4 0 *»1 —Mltf ummm Am jgj OA 123 0.0T 32 M2 310 Hu MM T.0 17.9 O.N «7 iwn %w/w MM —aw WMQMMS n 7 0 1 ";.o 5S5TZE SMC 55i 10 S!o CM®
        307 words
    • AIR&LAND TRANSPORT NEWS
      • 449 40 mcarUia dtnttowmut tUtotj taftnutiMi NYT {WASHINGTON] Under pressure from Congress to tell the jftffitic more about airline safety problems, the Federal Aviation* Administration has begfcft. announcing major violations by airlines and the flms they bring. —-But displaying some lingering uncertainty about how
        NYT  -  449 words
      • 266 40 (ANCHORAGE, Alaska] FedMr# Express Corp broke ground last week on a US$3B mlHlon (5554.3 million) hub scansion that will improve its international flow of foods, oipiriMlly between the US and growing markets in Asia. .-According to a Business Ijfcr* report, Denny Bird, manajftng director
        266 words
      • 71 40 LUXEMBOURG] Firemen work at the site where a passenger train collided head-on with a freight train in Luxembourg over the weekend, killing one person and injuring nearly 30, seven of them seriously. The accident, the cause of which is not yet mown, blocked the mainline to
        REUTER  -  71 words
      • 172 40 Bloomberg {STOCKHOLM] Saab AB, a .Swedish aerospace company, said it has signed an agreement with Airbus Industrie, a £\gropean aircraft maker, to evaluate whether it will enter |tS a risk-venture partner in the new super-jumbo A3XX aircraft. A v'Saab would make parts
        Bloomberg  -  172 words
      • 263 40 UnrMaglaT trail qui carry pasMager* at speeds «f opt* AQOkmanhNr AFP [OTSUKI] Japan has launched pew magnetic suspension rail line that could provide the Inundation for the next gener;ftslon of trains which would carry passengers at speeds of lIP to 500 kilometres
        AFP  -  263 words
      • 177 40 AFP [SHANGHAI] Some 10,000 cart were smuggled Into China last year despite touch action taken by the authorities, a nevepaper reported yesterday, citing Japaneee statistics. Accordinc to ths statistics, 10,000 more cars were exported to China than indicated by Japan's figures on exports to
        AFP  -  177 words
      • 261 40 AFX Asia [HONGKONG] The US Mid It Is concerned about the high lending feee propoeed for Hongkong's new airport, end has called for a "reeeonable rate Richard Boucher, US consul general in Hongkong, said the US is "concerned" about the
        AFX Asia  -  261 words
      • 242 40 AFXAtka (HONGKONG) Cathay Pacific Airways Ltd will be permitted to operate an unlimited number of ssrvfces to 14 cities In the US, under an air servkee agreement designed to ensure smooth air links after China regains sovereignty of Hongkong In July.
        AFXAtka  -  242 words
      • 254 40 MbylßtnUahi hwy,lM*irilir Bloomberg (TOKYO) Japan Aircraft Man ufecturing Co, one of five Japanese airplane body makers, will withdraw from a corporate jet project led by Mitsubishi Heavy Industries Ltd and Canada's Bombardier Inc, said a Japan Aircraft official yesterday. Japan Aircraft wasn't able
        Bloomberg  -  254 words
      • LOG Book
      • 945 40 cht now m niwr n» MM, S0230MM 0F12 20SS MM ***** MS 1SM00M j toMMMM 101IT Mi] MJ44 0SM HP- 8 IB* W5 rustmss slob zsm bcbbm mt* m mm m IIMZas *£25 **i mag i AM— SQS*****0 SMBMB VMM MM AMMM ST) IMS S02M 2045
        945 words
  • Page 25 Advertisements
    • 19 25 ~4 i Sailing into a c container dot New ships set to arrive on the world market. Fate 2
      19 words
    • 300 25 FAA grapples with policy of openness Uncertain how much info to disclose. Bank Pa#e People API lISIIICIWII MrilT APL, in a recent management re* Ron Wlddowi is vice-president, operastructure, has named Keith Mackle tions and Soon Kelly vice-president, vice-president of transpacific and re- terminal operations. Thomas Kelly frigerated services. Mltsuko
      300 words

  • Page 26 Advertisements
    • 666 26 I—» I vtssa vor oar van sa u sm vissa voy ju dm mm im ca m <mmmuf oomn i7/m jo/m »/m m/m io/m noiia ill 11/03 m/m m/ 03 »/03 HONG KONG EXPtfSS 07WS11 14/03 17/03 17/ M 11/03 17/04 OtMIMY IS M/ 03 30/03 31/03 04/04 10/04 IS/04
      666 words
    • 64 26 SENLIM SHIPPING PTE. LTD. 133, Hmti Brtdg* Road, *06-00, CMMmm Point *****1 T«fc *****00 JHMtfHi Fw: *****04 Tata: RS ***** SENUM WEEKLY REGULAR SOVta TO EAST/WEST M*SIA (wiewn mi (mKiiri Cvfa) VBSa VOT lUSM SM KUOMG KNANG PJOUM SIMM WIJ V* 11/4 f/4 sunu wv n/4 n/4 VMM 7/7 12/4
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    • 509 26 UHM sMVtoM fßpfnionioc by Mdnbtra of tw R«gMry of Accredited Shipping Agents. S*pore National Shipping Ano Member* of the Singapore FraigN Fonwaidafi' Assoostkx). k*. HjyJ y-^pBjajHBB J frr^BML"- EXPORT 3 x Japan -2 x Hongkong •1 x Manila -1 x Koariiium, Kulung (Atfpling FQ I* BKK/NAHA/SBAAI/CBU/lOf tamai wg iin iw
      509 words

  • Page 27 Advertisements
    • 1153 27 I PAOFK SOUTH WEST EXPRESS (MREG) ALSO ACCEPTING MANAUS vcsa wt hi am swmi u« pal mp» <w nyc ah hou won sea AKMUPFWB Olg 07/04 09/04 10/04 25/04 30/04 01/05 01/05 02/0S 03/05 01/05 01/05 02/05 1 APICHNA 0171 14/04 16/04 17/04 02/05 06/05 07/05 07/05 08/05 o</05 J)7/05_
      1,153 words
    • 2209 27 HANJIN SHIPPING USA CANAPT^^^^L liw hair/tot "I in f 1 sm' sea roi nw T top cm Ton Tow T p«" *wi mm m myc ow rvt m y* I ttc m H. SEATTUO4SE 01/04 lt/04 01/05 03/B 02/B H/0$ 04/05 04/ M 03/05 04/ OS 07/0$ 04/0$ H/B 01/0$
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  • Page 28 Advertisements
    • 1506 28 fir DSR-SENATOR mA Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT HMti lwr~ Ml HTM IMV I HAM FU MT I LHA~||vtSSfl VOT LHA RTM IHV WW FU( AMT S* HMUM WTTtfIOAM WKM7 MM 17 M 21M 31 M (1M 0» ROSTOCK Ef7ll 16 03 II tt It U
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    • 1439 28 I NORASIA I VESSEL VOY SM PKL OOA LAS BCL VAL ALQ ROT MX ANT FEL LHA NOR SHAfUAH 1713-3 1#94 11/04 29*4 27*4 ZMM 14*6 OMJS 1196 0795 02*6 02*6 03*6 MSCRAFAELA ll]*-* "94 02*6 04*6 03*6 11*6 12*5 0095 14*5 OM6 0995 11*5 NOHSINGA J715-3 2294 2494 OM6
      1,439 words
    • 434 28 tt /VO/?TRANS CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA BREAKBUIK, RO/RO AND HEAVYUFT ANY WBGHT THAI FLAG STATUS-PRIORITY BERTHS AriiEjymWSA IN FORT 10-11/04 l»-20/04 lHf/M A» Express V.44A 23-25/04 2*24/04 29-30/04 01-04/05 Asii Express V.47A 07-09/05 10-10/05 13-14/05 14-17/05 Asia Express V.4IA 20-22/05 23-23/05 2*27/05 27-30/05 BOOKINGS i ENQUIRIES: fu mm
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  • Page 29 Advertisements
    • 1396 29 Ivismi vov \am pou pko pen «u« ba D IRAN TEYFOURI PJL-1223 20/03/07 31/03/9? IRAN QHEYAMAT PJL-1229 15/04/07 IRAN TAKHTI PJL-1230 10/04/07 22/04/07 IRAN TAKHTI PJL-1224 13/03/07 07/03/97 26/03/97 23/03/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES JJ- AZAMAUAN. ARMENIA, KAZAKHSTAN, UZBEKISTAN. TURKMENISTAN, KIRGISTAN. TADZHIKISTAN A
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    • 1949 29 ACCEPTING TO TUNIS, TRIPOLI, BCNtMft .-S mg am w VIA GENOA. I H V casablanca, Algiers, oran, mostasaham I SKIKDA VIA EOS I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY HL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD #17-O«D#S lIDG SAIES/IKGS *****41/43 INWARD DEPT ID/0)
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  • Page 30 Advertisements
    • 1007 30 I i McamHit IS] SMM IM IKJ IM twmtomMi SS"S S S UMIiSII REACH RW-013 MM HH 14*1 IMI IMB 13*6 14*6 E. OAMMN Rf-M7 IMI IM3 11*3 2MB 21*3 14*4 I IM4 I ncmrm $m m 21*4 mm iiM iw im w*s 2106 i siowiwo re mi 23,03 ?t*J
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    • 1002 30 vnsa votmi wmmmmiminthi wssa voyaw m jm ah mm mm sop I iMCMcon msum it* nm a* i\m tvm nm 71/ M tv» mommo mum nm n/w ii/m 14/ m IMCOnw M5l-C7W 17/ M 77/ M 77/ TH 7VM 71/ M 31/04 71/ M 7VM W (lOWR M4MW M/M M/M
      1,002 words
    • 392 30 la. NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VBSa I W I 1 I W I I <FT MMMMBjI H/N 13/14 17/N 21/94 HMTOUfBUg 014S 11/H Tl/K H/H smim om m/m c/k wis n/is JMU H4S 03/15 13/H 17/RS 21/15 mimif»KßS H4S 13/15 71/15 Mt mmiowa ows n/»s
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  • Page 31 Advertisements
    • 506 31 BSA ik M MYANMA «HBk PIVE STAR UNE 'T (RytMMM MMHommI UM) W YM«M (RNfMM) Vtssa VOT SMI KO P« KU MOM MM W MM WW SU ML IE 01-41-17*4101 Mk m OM4-MIMM MOt IE 4M7 JSIIMI/4 BANK LINE MORTHOOUND TO UKC "I v mi c—l mmrr iff WSM nr
      506 words
    • 1015 31 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKCfc *****32 ~7m I| ffa- a. Ijl us. .w. |jl I& Is% IS/M 11/ M l»/04 HIAMMUI MM M/M 07/ M M/OS MM MM IKS IS/04 IS/M H/M it IMMMSS M4W »/M MM ISM "M "M W" "'J| 02/04 11/ M M/M
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    • 496 31 FAMOUS CONTAINER LINES JW™ 80 ROONSON ROAD, #22-02 SINGAPORE *****6 y HOT UNE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (ce. M. SHOT) NO. 30 LORONG CEMPENINQ ***** PORT KLANQ, SELANQOR DARUL EHSAN MALAYSIA TEL: 603-*****33 (20 LINES) FAX: 603-*****33 (05 LINES) COMPREHENSIVE SAIL!HQS TO AND FROM PORT KLANQ
      496 words


  • Page 33 Advertisements
    • 35 33 To retrieve mora schedules, just follow tltess simple steps... Step^^ffhedocument 740-6000^^^^^^^ ep be faxed oyou -^^r^iT^ 88 1 the port Step key in the four number code Key in your fax (or call* within Sinfapore
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  • Page 35 Advertisements
    • 516 35 Weekly LCL FCL if ServiVes to Caribbean s hipping Central America r SEA VIGOR Tma£KsS( KXJSTON 9706 9706 Port Country 06/04 13/04 MizaCily Belize 10/05 17/05 Bridgetown Barbados 13/05 20/05 Cartagena Colombia 12/05 19/05 Castries Si Lucia 12/05 19/05 Fort de France Martinique 13/05 20/05 Freeport Bahamas 08/05 15/05 Kingston
      516 words
    • 1244 35 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 C«ctl Street. #12-00, PIL Building. Singapore *****0 I ——M w LI TEL: *****21. FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (5 SailinqiWeek to PAT. 3 Sailings to BMT. 2 SaiUn«s to LCH) (4 Sallm«s Week Vissa IVOT
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    • 982 35 IcR NO: **********0Z fp—am—MWWM wsans VOY SIN JED T PSD ~T LEH ~T HAM T RTM ~T THP ~T ANR VILLE DC NORMA NI9W 09/04 18AM 20,04 29AM 30/01 0205 QfrOS j 04AM VILE DE GEMINA HI9W 14/04 23/04 25.04 04A» 05. OS 07/06 08,36 09/05 miP nnniOM YI9W 21AM
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  • Page 36 Advertisements
    • 2096 36 VESSEL TV VOY SIN BKK VESSEL VOY SIN PKL BAWWUH *m~~) Tm Imw Thu 10/04 BUNOASEROJA 7077 Tua lln Pt Wad I 09/04 MATHU BHUMV JtSH «M 08/04 Sat 12/04 GURU BHUM 7737 Wad 09/04 fri 11/04 Thu ~WO4~ Sun I<VO4 BUNOASEROJA 707* Thu 10/04 Fri 11/04 WATHABHWI/, "154*1 "sat
      2,096 words
    • 270 36 iINTANG MAS SHIPPING PTE. LTD. 38 NEIL ROAD, SINGAPORE 0008 fMi TEL *****68 FAX: *****64 TLX: RS*****SINMER CR No: **********0W R«c«vinq Cargo PTI Blntulu J I —mrnrm ISSfI VOT SjN 181 VfSSfi VOT UN MUA MwtSm *7»4E II 12 /04 1 5/04 Mrayjafc V9707E o*o9/04 13/04 ■taqhlil mn IS-IVM 19/04
      270 words

  • Page 37 Advertisements
    • 437 37 SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE iBINOTRANSI J s (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG ETA SHA Q GLORY 9710 )l/04 16/04 20/04 G. WELL 9710 19/04 24/04 28/04 6. LUCK 9710 26/04 01/05 05/05 0.
      437 words
    • 189 37 2 KW~ J on WO. IHITMMH «BO:(OM)31«17t MANLA: (832) SlSSttl V PENANG:(O4)«B4SB6 BANGKOK:(BS2)2IS4BS7 SURABAYA:(SI)29I6IO P. KELAMQ: (88) 3M2STT JKTt (21) *****07 MOW: (»1)84«P3 SYDNEY. MELBOURNE, BRISBANE MV "BYRON BAY" V. 045 ETA SIN 12/04 FREMANTLE MV "NEDUOYD JAVA" V. 7203 ETA SIN 14/04 AUCKIAND MV "B. TERASEK" V. 107 ETA
      189 words
    • 151 37 I DELTA STAR 15/04 I canalp 15AM 20*04 RdnVAtwAJK/Nan I ■gamma 3CVO4 RdnVAtw/UK I ■van K 18/04 RdnVAiwAJX. I I- Lewd* E/W MWyw Indonesia 1 ■STARSIN I ■pan CRYSTAL OubaVßahrafrVDammarVKumft I ■a. VERMEZ HocMdah/JwkMVEgypt I ■a. HAZER Jaddah/Aqaba/ltaty I ■sea MASTER OJbm/K DhatVDarmwVKuwa* I tMda Singapore. E7W. MatayaU. Indonaaia 1
      151 words

  • Page 38 Advertisements
    • 471 38 Shipping Times "*3USENESSCENTRE Your 24-hour instant info access ccntre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. —a 1 HfliKcy in your fax number Enter your phone number Fast,
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    • 332 38 goEgg BuTo IProducts/^ServicM Turnkey Factory Automation System *> f "3 Automated Storage and Retrieval System .^f" Automated Guided Vehicle System (AGV) 11 111 ti «rf I I Muki-rtorey warehouse: t» S» 10,000 square metres currently available (1,800 to 2,000 square metres per floor) I Close to PtE/AYE/KJE Second Link to
      332 words

  • Page 39 Miscellaneous
    • 132 39 •Mlnv J I 11 k ft" AM• ?r t¥ T f > W! LEGEND or fS,orm Weofher C direction with ip««d in knot* VclySK, Woveh^t t' Wfoc# winds or* indicated by arrows wMdi My with tke wind One ful circle represents calm or fight and variable winds > One hoM
      132 words