The Business Times, 10 April 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, APRIL 10,1997
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  • 696 1  -  Sweeping Australian financial reforms pave way for Asian takeovers Prom Russell Baker in Sydney AUSTRALIA has lifted its ban on foreigners owning local banks, clearing the way for Asian banks to seek a significant presence here. In what some describe as the country's
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  • 351 1  -  By Chuang Peck Ming [SINGAPORE] Former Cabinet minister Yeo Ning Hong is giving up his executive chairmanship of Singapore Technologies Pte Ltd (STPL) to focus on the Port of Singapore Authority (PSA). Dr Yeo, who has been nonexecutive chairman of
    FILE PHOTO  -  351 words
  • 465 1  -  From From Harish Mehta in Bangkok and Siow Li Sen in Singapore LISTED Thai finance company Sri Dhana Finance and Securities is in merger talks with Singapore's DBS Bank, a senior official of the Thai firm said yesterday. The talks come
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  • 101 1 [SINGAPORE] Onefalse move, and the man disappears into a cloud of white smoke. This is not quite a David Gopperfleld magic show, but it may be an option for security-conscious homeowners. Andrew Knights, chief executive of Smokecioak Ltd, demonstrated yesterday how a smokecioak' works.
    CHRIS LOH  -  101 words
  • Page 1 Advertisements
    • 114 1 Biankmt Pandan Valley homes have not lost their appeal, although the American School has moved out selling prices are still holding. P|4 SospoDsn surprise China's premier trading group Sinochem has suspended plans to float unitonSES, Pglfl MBWSYMJPH OObcCktltitiMwU*af tost otters ip, pg 2. Part of higher COE premiums likely to
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    • 33 1 Dollar poised to test 127 yen A COUPLE of variables are being added to the equation as Japanese officials hint of currency intervention and a likely rise in long-term interest rates, Pf 7
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    • 19 1 More reports, Pg 8 +Will changes lead to a Big Bang? +Bid for National Australia Bank not ruled out
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    • 51 1 H PvH Jm fcfc«M J- wL A nfljj^d Lb B iCr X, '3 n |l B I SB I u3«l -jia |iy| H >y mB B PIH /f j IKICMB Mff'^HfwMSHrßßfl vi- .&-<.* a mBTSb I fl|^6|^W^gHapp^|fc|a^g^fc. 435 Orchard Road-N° 02-36, Wisma Atria Tcl 65/737 64 51 -F« 65/235 82
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  • SINGAPORE AT HOME & ABROAD
    • 502 2  -  Income will probably revise rates next year; OAC Insurance still debating issue By Soh Tiang Keng IT IS almost certain that three of the Big Four companies in Singapore's life insurance industry Prudential, NTUC Income and AIA will not cut their
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    • 387 2  -  Bids for state land in Geylang, Mugliston Park said to be fair By Diana Oon MCL LAND topped the list for two of the three residential parcels in a government tender which closed yesterday. Consultants said MCL's offer of an average of
      387 words
    • 473 2  -  By\ Shiv Taneja BANK of America is beefing lip its retail products here, say industry sources. Plans include distributing third-party unit trusts and the launch of the bank's own investment management products, sources said this week. There is also talk that BankAm, which hived off
      FILE PHOTO  -  473 words
    • 201 2 THE Productivity and Standards Board (PSB) approved $585 million in grants last year under its Local Enterprise Financing Scheme and the Local Enterprise Technical Assistance Scheme. This was revealed at a press conference yesterday outlining PSB's achievements in its
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    • 145 2 Reuter SINGAPORE'S Changi and Britain's Manchester have been voted the world's top two airports by long-haul airline passengers, the International Air Transport Association (lata) said in Geneva yesterday. Changi's spanking terminal ousted Manchester, undergoing reconstruction, from the top spot it held last year in a
      Reuter  -  145 words
    • 321 2  -  EYE ON THE ECONOMY Manufacturing By. Andrey Tan THE manufacturing sector will contract for the third consecutive quarter in the first three months of the year, but a "strong rebound" in economic growth should follow shortly after, says Yamaichi Research Institute. It forecasts a
      Source:  -  321 words
    • 376 2  -  By Ven Sreenivasan COE premiums for all categories of cars, except luxury cars, were up for May. As was widely expected, the premiums for Category 1 cars (1,000 cc and below) hit a new high of $35,550, surpassing the
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    • 380 2 Railway obtains Mareva injunction, says the two are also squatters themselves The Straits Times MALAYAN Railway (KTM) has obtained a Mareva injunction which restrains two companies which have been collecting rent illegally from squatters on its land from moving
      The Straits Times  -  380 words
    • 296 2  -  Victors Inc expects Asia-P&c sales to hit USssoom in 5 years By Audrey Tan US-BASED hydraulic parts maker Vickers Inc expects its Asia-Pacific sales to surge to US$5OO million (SJ72O mUlion) in five years, from around US$lOO million now. The company, a whollyowned subsidiary
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  • Page 3 Advertisements
    • 146 3 i BERTOLUCCI OUTSTANDING HAND-CRAFTED SWISS WATCHES The divers' watch from Bertolucci hints at the energy beneath totally water-resistant at 300 meters. No wonder it requires your elegance. Despite its exclusive bracelet and hand-crafted many months to make; like the man who wears it, the divers movement this is an active
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  • FOCUS: PROPERTY
    • 609 4  -  Interest in the Pandan Valley/Mt Sinai condo belt remains strong despite the relocation of the American School By, Jenny Lam [SINGAPORE] THE relocation of the Singapore American School from Ulu Pandan Road to Woodlands does not seem to have dampened interest in the Pandan Valley/Mt Sinai
      ARTHUR LEE  -  609 words
    • 317 4  -  Freehold plot of 44,500 sq ft could fetch over $40m By] Diana Oon [SINGAPORE] Three bungalow sites in Shelford Road have been put up for collective sale by their owners. Nos 12A, 14 and 14A Shelford Road, which have a combined
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    • 1081 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between May 5,1996 and Apr 7, 1997. PROJECT NAMEJ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (SS-000) (SS) District 11 Arcadia Gdn Apt 6/2/97 99 7500
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  • Page 4 Advertisements
    • 302 4 Prime Residential ]jiJ(P site at No ls WZ//» Newton Road \V/ Site Area: 7,738 sq approx Jfck/f/ 4 Freehold Written Permission obtained for a b,ock of 11 store y apa rtments Easy accessibility via Central 8 Expressway 2! Closing date of tender 7 May 97 (Wed) at 3 pm. KAtdPCH
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    • 54 4 RIVERWALK OFFICE SPACE SALE I LEASE Good Investment Opportunity Singapore River Front CBD/Financial District Vicinity Ample Parking Lots Accessible to Current MRT (next to future Clarke Quay MRT) Approx. 1,200 16,000 sq.ft. remaining Expected TOP June '97 <> Sale $1200 PSF Lease 5.50 PSF (inclusive) BP No: 3-*****-1996-AAOOI Singapore Business
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  • Page 5 Advertisements
    • 85 5 > LU -J Q. 0 1 UJ 'II 0. o o Success starts with an attitude. A confidence that you can integrate ideas with knowledge to change forever the way business approaches a challenge. The greater the resources, the greater the possibilities. Z v. 3 o ;li o O tJ
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  • REGION
    • 334 6  -  BANGKOK Downgrading comes a day before lannch of USssoomThai bond issne in US By) Harish Mehta MOODY'S Investors Service has lowered its sovereign debt rating for Thailand to A3 from A 2 and its long-term debt rating for five Thai banks.
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    • 126 6 KUALA LUMPUR AFP MALAYSIA will press its judiciary to impose mandatory jail sentences on chief executive officers of companies convicted of seriously damaging the environment. "The cabinet has directed the ministry to go for mandatory jail sentence apart from fines because it
      AFP  -  126 words
    • 453 6  -  HONGKONG Proposals will curb political links with foreign groups, tighten control over rallies Byl Loh Hui Yin HONGKONG'S future government has published proposals which would curb political parties' links with overseas groups and also give police wider powers to decide on
      AFP  -  453 words
    • 215 6 JAKARTA Reuter INDONESIAN President Suharto's eldest daughter acknowledged on Tuesday a link with the head of the country's largest Muslim organisation, underscoring her powerful role in the ruling Golkar party. Siti Hardiyanti Rukmana, a prominent businesswoman, was quoted as saying, by the official
      Reuter  -  215 words
    • 211 6 TOKYO AFP MYANMESE dissident groups in Japan yesterday denied any link to a mail bomb which killed a daughter of a senior army official in Yangon. "That blast has nothing to do with us," said a statement issued by a joint action
      AFP  -  211 words
    • 400 7  -  TOKYO Dealers still expect currency to test higher levels against yen this week By, Anthony Rowley SCALING peaks not seen since August 1992, the US dollar touched 126.93 yen at one point in Tokyo yesterday, although it later eased back to
      Source: Bloomberg  -  400 words
    • 212 7 BEIJING AFP CHINA yesterday announced a one-year extension on the tax-exempt status allowing foreign joint ventures to import capital goods duty free. The duty-free status of imports by foreign-funded enterprises set up by the first quarter of 1996 wiU be extended by
      AFP  -  212 words
    • 225 7 HONGKONG AFP RENATO RUGGIERO, direc-tor-general of the World Trade Organisation (WTO), is to make an unprecedented visit to Beijing next week in a bid to keep alive China's 10-year negotiations to enter the trade body, it was reported yesterday. Mr Ruggiero told the South
      AFP  -  225 words
    • 186 7 NEW DELHI AFP DEFIANT Indian Prime Minister H D Deve Gowda yesterday hit out at the Congress party for challenging his government for power, saying his job was "not negotiable". He spoke out after last-ditch peace talks were announced between the ruling
      AFP  -  186 words
    • 621 7  -  CUD!A WATCH Rate cut hinges on political, economic priorities By Lu Ning THE deputy director of China's State Administration of Taxation, Xian Huaicheng, was in town last week. One of the masterminds behind China's comprehensive tax reform of 1994, he gave an interesting
      China  -  621 words
  • Page 6 Advertisements
    • 118 6 9 "'W 9tSKBB3SEBi£&~ I I Atrilum pp Occupying a Prime Location close to the House of Commons, I he *S Atrium is a New Landmark Residential Development, situated in the heart of London. Quality, innovation and themes which run j consistently through all the elements of The Atrium, ensure the
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    • 92 6 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
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  • Page 7 Advertisements
    • 459 7 I The 7th International Boating Showcase for the Southeast Asia Region incorporating MARINA ASIA 97 COMMERCIAL CRAFT ASIA 97 TACKLE ASIA 97 WATER SPORTS A DIVE EXPO ASIA 97 H i -i. -> M -w- -.I—— WW".*" 1 mummhmmmhhm ~^(H H Irode Aimbrion H Child Mow? 2 ss2Wper entry Admission
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  • AUSTRALIA: FINANCIAL REFORMS
    • 483 8 SYDNEY Analysts say impact of Wallis Inquiry will be milder than 1983 deregulation Reuter AUSTRALIA'S latest financial reform proposals are aimed at tidying up existing rules and are unlikely to have the "Big Bang" effect of 1983's original deregulation, analysts said yesterday. Treasurer
      Reuter; REUTER  -  483 words
    • 181 8 SYDNEY Reuter AUSTRALIA'S largest bank, National Australia Bank Ltd (NAB), cannot be ruled out as a takeover target of foreign banks after the release of the Wallis financiarreport, brokers said yesterday. NAB shares rose sharply yesterday after the government released the
      Reuter  -  181 words
    • 288 8 CANBERRA RBA to remain responsible for financial stability Reuter THE WaUis Inquiry into the financial system has recommended that a single agency should oversee some financial regulatory operations. The report also said the Reserve Bank of Australia should remain responsible for the stabUlty
      Reuter  -  288 words
    • 338 8 SYDNEY Reuter LIFE insurer and money manager Australian Mutual Provident Society (AMP) said yesterday a merger with a major Australian bank after the end of the "six pillars" policy would not make strategic sense. "We have difficulty seeing where either an acquisition
      Reuter  -  338 words
  • Page 8 Advertisements
    • 298 8 Perhaps admired them from afar: The telecommunications firm that set of 90% system uptime-and surpassed it] The auto manufacturer that radically accelerated its time-to-market with a powerful new data system. The financial services processor that gives institutions in 20 countries W/ highly secure transactions-instantaneously. Granted, at DIGITAL we're known for
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  • THE WORLD
    • 357 9 LONDON Mergers held up by current laws: House Hanking panel chief FT THE US Congress must act soon to legislate for far-reach-ing reform of the country's financial system, James Leach, chairman of the House of Representatives' Banking Committee, said here yesterday. Mr
      FT  -  357 words
    • 303 9 DULUTH, Minnesota Circumstances favour expansion, says Fed official Bloomberg THE US economy is enjoying "favourable" circumstances that should continue to propel it forward through 1997, Gary Stern, president of the Federal Reserve Bank of Minneapolis, said on Tuesday. "The US economy is in
      Bloomberg  -  303 words
    • 119 9 MOSCOW Reuter THE World Bank could lend Russia up to US$9 billion (Ssl3 billion) over three years, ItarTass news agency quoted World Bank president James Wolfensohn as saying. Mr Wolfensohn, speaking to the agency in Washington before a visit to Russia, said he hoped
      Reuter  -  119 words
    • 43 9 [KNUTSFORD, England] BBC journalist Martin Bell speaking to journalists at his hotel here on Tuesday. Mr Bell has offered to stand as an anti-corruption candidate in the parliamentary seat of Tatton, Cheshire, in the forthcoming British general election. REUTER
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    • 279 9 PARIS AFP THE US repeated demands that developing countries, notably in Asia and South America, open their financial markets widely to competition, in remarks made by US Deputy Trade Representative Jeffrey Lang in Paris yesterday. Referring to talks, under the aegis of
      AFP  -  279 words
    • 186 9 BERLIN Bloomberg GERMAN political and union leaders, battling with persistently high unemployment, sought to end their squabbles and find concrete measures to put the country's 4.5 million jobless back to work. Speaking at a jobs summit in Berlin organised by the DGB German
      Bloomberg  -  186 words
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  • EDITORIAL & OPINION
    • 774 10  -  THB BOTTOM UMB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT KEEPING TRACK of the European Union's long and complicated negotiations on institutional reform is no easy business. Even the name of the exercise the inter-government conference
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    • 155 10 Twenty-seven years of teaching, you want some recognition. Nobody paid me a scrap of attention. And you write one book, boom, you're in the public eye.' Frank MeCoart 66-year-old retired New York City schoolteacher who won the Pulitzer Prize for biography for 'Angela's Ashes', a searing story
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    • 625 10 EDITORIAL CRUCIAL to Singapore's continued prosperity, the concept of tripartism was further strengthened by the recent NTUC conference's commitment to worker welfare in the 21stcentuiy. NTUC 21, the blueprint adopted on the occasion, also demonstrated that a labour movement remains as important today as ever.
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    • 1257 10  -  US and the region, especially Singapore, have every reason to ensure safe sea-lanes By\ Leon Hadar The writer is BT's Washington correspondent DURING the Cold War, maintaining freedom of navigation through the waters of Southeast Asia was a major goal for US forces, both to permit
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    • 263 10  -  MAILBOX Zainul Abidin Bin Ibrahim Assistant Director Corporate Communications Land Transport Authority Singapore PLEASE refer to the article "COEs for Cat 1 and 2 hitting new highs soon" by Christopher Tan (Business Times, Apr 5-6). Firstly, we would like to point out that it is
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    • 528 10 Human rights dhrMas Bnropt WITH three other nations, France has decided to disassociate itself from a resolution condemning Chinese human rights that the EU has put forward each year since the Tiananmen Square massacre in 1989. The impression has thus been created of a divided Europe
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  • Page 10 Miscellaneous
    • 41 10 DOOHESBURY By Garry Trudeau NOTHING SPCCJAL NOT MeU,«&e SAMeHBXZ. fan T~\ (v*Au VXJ'MHATt JU9T CHECKING IN REALLY- HAD A LOTCF MEHAVBNT I V Z*\U p *J ANYTHING New HOW ABOUT RAIN. SE£N THE i vSyS= k I YOU? Be€NAV£ Y ZUN'N
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  • Page 11 Advertisements
    • 400 11 I I Founded in 1942. Sin Soon Huat Limited has come a long may in establishing itself SUMIHIH BUSSRNINTERNRTIQNRL PTE LTD as a regional industrial player in South East Asia. Recognised as a leading company for i stienton Haii 17-07 Hobina House j providing a broad spectrum of industrial harduiare
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  • EXECUTIVE LIFESTYLE
    • 726 12  -  This month and next the best of Britain will hit the shores ofSJjore. David soznr highlights some attractions of the UK OK LAH. rest DAVID BOEY BRITONS are on the march. And they're heading our way in strength and style, courtesy of the UK
      REUTER  -  726 words
    • 910 12 ■BOOKS A Soviet translator recalls Cold War summits and working with Gorbachev Reuter [MOSCOW] When the history books picture key moments at the end of the Cold War, they will probably show the bald, moustachioed head of Pavel Palazhchenko popping up between US president
      Reuter; REUTER  -  910 words
    • 967 14  -  BMW chairman gives a review of the firm's policies and performance in 1996 By i Christopher Tan BAYERISCHE Motoren Werke, Bavarian Motor Works or simply BMW Ag was formed in 1916. From the brink of collapse in the late--*****, the independent company turned around in
      FILE PHOTO  -  967 words
    • BUMPER to BUMPER
      • 128 14 VIRTUAL reality has become a new tool In car designing. According to Volvo Car Corp design director Peter Horbury, the Swedish car maker is among the first few to make use of VR technology in its design process. At the recent press test-drive of the C7O coupe in
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      • 83 14 MAZDA is showcasing a concept car aimed at women, with supposed feminine touches such as tortoise-shell accents on the door handles and leopard-print carpeting. Chevrolet has gone one step further, it has unveiled an actual production sedan it expects to appeal to women. The Chevrolet Prizm is based
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      • 84 14 BMW-OWNED Rover Group has opened a new design and engineering centre at its 363-hectare test and proving ground at Gaydon in Warwickshire, England. The £80 million (Ss7o million) high-security building is home to more than 1,000 engineers and designers work: ig on Rover's cars and 4x4
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      • 66 14 AUTO VENTURE company Wheels for Fun is organising a driveaway over the Hari Raya Haji weekend later this month to The Mines Beach Resort, located just before Kuala Lumpur. Activities include shopping, golf, watersports, lazing in the sand, and more shopping. Not all meals are
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      • 134 14 FANCY CARS seem to be the choice enticement among banks these days. Last year, Standard Chartered offered three Jaguars—one of them an XKB coupe—worth about $850,000 to get new deposits. The programme was apparently so successful, it decided to hold another. This time, four Mercedes-Benxes form
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      • 109 14 NISSAN'S £215 million (*****.9 million) investment in a third model at its Sunderland plant will create 800 direct new jobs and an additional 2,700j0bs among UK component suppliers. Nissan will build a new "C sector" model, alongside the Micra and Primera. Last year, the
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      • 99 14  -  Compiled by 1 Christopher Tan SINGAPORE MRT Ltd has launched a limited Thematic Edition ticket 9et featuring pictures of the world's first mass-produced car— Ford —in various stages of production. Each set comprises four tickets in an attractive folder. Priced at (27 a set,
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    • 240 14 PROFILE Japanese ninja actor to open school for action star wannabes DPA [TOKYO] A Japanese ninja movie star, Sho Kosugi, yesterday announced that he will set up a ninja academy both in Tokyo and Hollywood for Asians wishing to become action movie
      DPA  -  240 words
  • Page 12 Advertisements
    • 93 12 Wj%jf i I fggfl I H\ .v* I I I^^. Man'-- *?SJ:si*. s NJBPW wk IMI n^^HM 1 iMb^^H^^^Kl Kpjfel?'!^^lS*??* l Kjgj^BjHrel PP g ijj Biffi&3B —8 I IJ| I j I'iTiy^dfl m 3 IMHI| Iffy-IBMBBI Om| PjMHpK Hggj I f A I p\| 1| I JI |J o\ vO
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    • 88 12 What's on at the Singapore I International FUm Festival imamitt* f 7pm AkOmut. Chang TstbChi. Taiwan (1996). 97 mins. R(A)—► M n»» QtixML. Riturik Ghatak. India (1953). 120 mins. PG 1 (TUB Ttafeeta at M the door or call 737-8422 1 M ThaltadlMltMlii Lim Sunt Yen. Singapore (1907). 90 mina.
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  • Page 13 Advertisements
    • 457 13 Where to wine, dine and entertain PASTA FEAST Ist-14th April 1997 YOUR CHOICE OF I. SPAGHETTI 2. TORTELLINI \U 7) 4. MACARONI SCALLOPS/CLAMS/ SQUID/SHRIMP accompanied with PRICE SSls.oo+++ Cilvd Chardonnay »r Calvet Cabernet Sauvignon SSB.oo+++ per glass SS3S.WM-M- per bottle LUNA COFFEE Far reiervatiou, call 733 2081 eit 441 A
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    • 197 13 -y ~v. 7" SINGAPORE BUSINESS Giving you the winning edge it, > v. -r-. i PUNJABI FOOD I PQOMOTiqgf^#W; Sfimple the best dishes from Punjab at the Rang Mahal! Be transported to the land renowned for its countryside through exotic dishes like Jbinga Panipat King Prawns with spices prepared on
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    • 79 13 BIGGEST Dian Xin Restaurant At The Neptune on Shenton Way Pian Xin/Lunch U rgl j J 7TH FLOOR. OVERSEAS UHtON HOUSE. i, COUYBK QUAY. S«NGArt*E *****1. TEL: 22* 3922 I %Ji 11 y Savour our extravagant spread Features weekly specialities k 6.30pm to 10.30pm daily k Adult $25.00* Child (below
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  • Page 13 Miscellaneous
    • 748 13 TV&RADIO nfr r i I liii ii I 11.00 Silk Stalkings Services Drama/Eng. Subts). 1 liMtTiT7s>— ns Rendered. IL3O TV Innovations. Z3O PM The Winners. UjjO Central Park West. L3O AM Close. 3.00 Money, Money. Money. 12.48 AM The Outer Limits 3JO Hot Property Asia. First Anniversary (See "1 ■<
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    • 156 13 CRYPTIC CROSSWORD 28 Betting, properly, should be joyous (9) 10 Drugs dealer who puts his foot YEETFERDAY'S SOLUTION 29 examp e> down? in cathedral (5) 15 How much a line {Qr writer I N"M' WJ'LJ U' M"| DOWN normally going to extremes? L H A W°H 1 f.H" 1 Peer
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  • Page 14 Advertisements
    • 413 14 23 25 April 1997 m ■flflHjt m I Singapore International Convention Exhibition Centre ASIA CARD TECHNOLOGY '97 The Premier Exposition 3 Conference on Card Technology and Applications ImVVwamgASUBAMHG TECHNOLOGY '87 A unique opportunity to keep up with card technology development at Asia Card Technology' 97 o a first time showcase
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    • 8 14 Home Decor For people who love their homes
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  • Page 14 Miscellaneous
    • 197 14 THE WEAimm Singapore: Partly cloudy in the morning. Showers are expected around midday and afternoon. Temperature (33-25) iwp Hl/Lo* Obai. ft mii In Hk/U* Oml Aate-P»ctflo HtXo* Cood. Mrnki «WI Cloudy AflaM 11/R Clowh Aurtland Of IS (Ywty Mhm «M»1 Ckmta Buenos Aim (My RmWMI TMorn Ho* (My Cta*o IVM
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  • COMPANIES & MARKETS
    • 475 15  -  Chinese state-owned trading conglomerate declines to give reason for change By Lu Ning [SlNGAPOßE] In a surprise move, Sinochem, China's premier state-owned trading conglomerate, has suspended its plan to float its Asian unit on the Stock Exchange of Singapore (SES). This is despite the SES granting
      475 words
    • 398 15  -  Jenny Lam [SINGAPORE] Raffles Medical Group's initial public offer raked in a subscription rate of 50 times, a creditable performance compared with the weak showings by the previous few offers. The Sesdaq-bound health care group said yesterday that it received 56,241 applications for the
      FILE PHOTO  -  398 words
    • 752 15  -  HOCK LOCK SIEW Russell Baker Coca-cola Amatii's a 53.4 billion (Ss3.B billion) deal with San Miguel Corp (SMC) grabbed the headlines last week. It resulted in the largest Coca-Cola bottling group outside the US. Ostensibly, the rationale for the deal which will
      752 words
    • 298 15 (SINGAPORE) Retail investors who sold their Serial System shares yesterday enjoyed at best a 3.5 cent or 5 per cent premium in the first two hours of trading. The stock closed at 61 cents, just 3 cents above the public offer price. Institutional investors who
      298 words
    • 598 15  -  Paper profit conld top $100 m; Malex deal approved by all authorities By\ Lee Han Shih [SINGAPOREI Camerlin's deal to sell its Brierley Investment stake to Malaysia-listed Malex Industries has bagged a multi-million dollar paper profit for the company. Camerlin is owned
      598 words
    • REGIONAL COMPANIES
      • 348 16  -  Shares riding on rising sentiment after reports of higher chip prices By Jennifer Lien [SINGAPORE] Electronics stocks performed strongly again yesterday, mostly due to rising sentiment following recent reports of increases in semiconductor prices. The SES Electronics Index continued its rebound, rising 0.34 points to
        Source: Bloomberg  -  348 words
      • 399 16  -  From, Al Labita in Manila LISTED Philippine conglomerate San Miguel Corp has denied rumours that there will be a management shakeup at Tuesday's annual stockholders' meeting. The market has been rife with rumours that a coup is in the offing to oust board chairman Andres Soriano
        399 words
      • 246 16 (SINGAPORE) First Capital Corporation (FCC) and Jurong Engineering are issuing bonds to raise capital for expansion. Property group FCC said yesterday that it would issue $146 million worth of secured fixed rate bonds through subsidiary Century Square Development. "The proceeds of the issue
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      • 272 16 Renter [SINGAPORE] HSBC James Capel has called for a strong buy on Singapore property and hotels group City Developments Ltd (CityDev) as it has calculated that the group's prospective net asset value per share (NAV) is $18.40. In a
        Renter; FILE PHOTO  -  272 words
      • 117 16 AFX-Asia [HONGKONG] Renong Bhd is promoting a plan to build an MSB.3 billion (554.78 billion) high speed train line between Kuala Lumpur and Singapore, the Asian Wall Street Journal reported. It quoted an unnamed government official as saying the proposal caught the DRB-Hi-com group
        AFX-Asia  -  117 words
      • 441 16  -  Main component of project exempted from lending carta Reportsbj Eddie Toh in Kuala Lumpur THE developer of the massive KL Linear City, which is expected to cost MSS-10 billion, is confident of getting funding despite Bank Negara's property lending curbs. A KL
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      • 164 16 Bernama [MANILA] A government technocrat has been chosen as the new president of the con-troversy-wracked Philippines Stock Exchange (PSE), PSE chairman Wilson Sy announced here yesterday. Mr Sy told reporters that Jose Luis Yulo Jr, a management expert, was picked by the PSE's search committee
        Bernama  -  164 words
      • 280 16 THE KL Linear City, expected to be the world's longest building when completed, has hit some snags in its efforts to evict squatters from its construction site along the Klang River. The squatters spurned a previous deal and are demanding cash
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      • COMPANY Briefs
        • 38 16 [SINGAPORE) Sincere Watch has bought 825 sq m of office space In Suntec City for 16.57 million. The premises will aid the company's expansion and cut Its reliance on short-term rented properties. ''■i
          38 words
        • 48 16 [SINGAPORE] Listed property group Keppel Land will integrate four of its key management subsidiaries into one company, Keppel Land International, from today. The four merged units are Steamship Investment k. Development, Straits Mansfield Property Marketing, Straits Property Management and Straits Steamship Retail Management.
          48 words
        • 62 16 Corrections Clarifications We ran a Bloomberg report yesterday saying that Vickers Bellas Holdings was considering a stake in Air Philippines. Vickers has clarified that it is not considering any acquisition In any airline company. However, there had been preliminary talks between Air Philippines and Vickers Ballas Philippines Fund, a closed-end
          62 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 303 17 Lai San Dev shares up as investors hope firm will cash in on greater opportunities in China Bloomberg [HONGKONG] Cosco (Hongkong) Group, a unit of China's largest shipping company, bought one-fifth of hotel company Lai Sun Hotels International for about HK$6lO
        Bloomberg  -  303 words
      • 73 17 [ZACATECAS, Mexico] An engineer working on a laptop on Tuesday, as packed bottles of Corona brand beer pass by on a conveyor belt at the new Modelo Group plant in Calera, in the north-central state of Zacatecas. Modelo had built the US$356 million (*****.5 million)plant with
        REUTER  -  73 words
      • 255 17 AFP [TAIPEI] Taiwan's food giant President Enterprises Group plans to establish power plants in the Philippines and Vietnam after giving up a US$lOO million (Ssl44 million) power project in China, reports said yesterday. The mass-circulation United Daily News said the group decided to
        AFP  -  255 words
      • 406 17 Fee negotiations threaten to break up the Power PC alliance NYT [SAN FRANCISCO! In a showdown that could portend the final blow to the shaky personal computing alliance between Apple Computer and IBM, the two companies are planning to try to renegotiate licence fees for
        NYT  -  406 words
    • INTERNATIONAL COMPANIES
      • 343 18 income of U*****.7m for Q3 after a USsls7m loss a year earlier Bloomberg [SCOTTS VALLEY, California] Seagate Technology Inc reported better-than-expected earnings for the fiscal third quarter as sales rose 19 per cent. For the three months ended March 28, the
        Bloomberg  -  343 words
      • 406 18 It will help hardware makers torn PCs into advanced TV sets Bloomberg, NYT NYT [SAN FRANCISCO] Microsoft Corp, looking for new markets to keep its revenue growth going, said on Tuesday it will help the computer hardware industry turn the personal computer into an advanced television
        Bloomberg, NYT; NYT  -  406 words
      • 173 18 Bloomberg [SCHAUMBURG, Illinois] Motorola Inc's orders and sales were less than expected in the first quarter, indicating that growth in its chips and cellular phones won't pick up until the second half of 1997, analysts said. Motorola on Tuesday said company-wide orders rose 4 per
        Bloomberg  -  173 words
      • 435 18 Procter Gamble to buy Tambrands for US$1.8b P&G plans to grow the Tampax business through broader retail distribution Reuter [CINCINNATI] US consumer products company Procter Gamble Co yesterday said it will acquire Tambrands Inc and its Tampax tampon brand for US$l.B5 billion (552.6 billion). Procter Gamble, which makes such personal
        Reuter  -  435 words
      • 246 18 Bloomberg [SANTA CLARA, California] Intel Corp chief executive Andrew Grove's salary and bonus last year rose only 8.9 per cent but the increase in the chipmaker's stock price netted him a profit of U5594.5 million (Ssl36 million). Mr Grove's salary rose
        Bloomberg  -  246 words
    • FINANCE & COMMODITIES
      • 407 19 Basle Committee aims to improve supervision, promote greater stability in financial markets FT [LONDON] Bank regulators have issued new proposals designed to tighten supervision in emerging markets and promote greater stability in financial markets. The Basle Committee, which groups supervisors from the
        FT  -  407 words
      • 330 19 St James's Place deal will boost business with wealthy clients Bloomberg [LONDON] Prudential Corp said it will pay up to £39.6 million (5592.6 million) to raise its stake in financial services company St James's Place Capital pic to 29.9 per cent, increasing its business
        Bloomberg  -  330 words
      • 156 19 Reuter [SYDNEY] Insurance group MMI Ltd said yesterday it had received approval from the Singapore insurance commissioner to write inward reinsurance business in Singapore. "This (reinsurance business) provides a vital link in MMl's Asian strategy," the company said in a statement. MMI is 38 per
        Reuter  -  156 words
      • 580 20 Govt taps world bond market to fond massive infrastructure projects Bloomberg [HONGKONG] China is headed for its biggest round of international bond sales in three years as it steps up spending on roads, power plants and industry. The government and
        Bloomberg  -  580 words
      • Article, Illustration
        46 20 f KISANGANI Zaire] Scores of diamond traders waiting impatiently to enter the only buyers concession open here yesterday. With the recent fall ofMbuji Mayi, the diamond industry in Zaire (worth hundreds of millions of dollars), is now concentrated within rebel-held territory. REUTER
        REUTER  -  46 words
      • 502 20 New unit, capitalised at 10 billion yen, to handle Hanwa's liquidation Bloomberg [OSAKA] The Japanese government has started a special bank to take over operations of Hanwa Bank, the president of the new bank said. Hanwa Bank failed in November under
        Bloomberg  -  502 words
      • 164 20 Reuter [LONDON] Thousands of bondholders who lost nearly £275 million (*****.9 million) in the collapse of British bank Barings will shortly hear details of a compensation offer, The Times newspaper reported yesterday. Negotiations brokered by the London-based City Disputes Panel are nearly complete, although
        Reuter  -  164 words
      • 403 20 Bloomberg [WASHINGTON] The US Treasury's second sale of in-flation-indexed notes drew far less demand than the inaugural sale in January, forcing the US government on Tuesday to pay a higher-than-ex-pected yield on the securities. The Treasury on Tuesday sold US$B,OO3 billion
        Bloomberg  -  403 words
      • 205 20 SOKEXReport Reuter (SINGAPORE) Simex Euroyen futures firmed in late trade yesterday, lifted by Finance Minister Hiroshi Mitsuzuka saying that Japan would maintain its easy monetary policy, brokers said. After a choppy day which saw December Euroyen fall through support at 99.09 to a low of
        Reuter  -  205 words
      • 181 20  -  MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPOREI Simex MSCI Taiwan Stock Index futures opened on a quiet note yesterday, and slowly moved higher, hesitant to follow the strong cash index opening. The discount to cash in the
        181 words
      • 227 20 ENERGY REPORT Reuter [LONDON) Opec president, Libyan Oil Minister Abdalla el-Badri, has consulted on the telephone with his ministerial counterparts to discuss the slide in world oil markets, sources said yesterday. Opec members have watched the value of their crude oil exports dive
        Reuter  -  227 words
      • 270 20 Reuter uanoon THE US dollar calmed down by Europe's midsession after shooting to a fresh 56-month high against the yen overnight, with traders saying bullishness was still intact but operators had judged it was time to ease off. Some Japanese officials' comments sounding a warning on "excessive moves"
        Reuter  -  270 words
      • Article, Illustration
        1311 20 UTiniBIWK CEOSS RATBS *£2 A$ CS >■> ECU ffr Dp MK$ t*8»fcH* Yw W M$ i2$Nfc» Ml *S *mt Mr *tt Nig Mf- 4 in— nw ntt» ipt im 6.066 28.068 <436 0.991 7.000 1460U29 3L*****.*****9 1471 1153 2UA2 10-434 0.482 ATM SS? 0919 19K 0S3 4?M 1236 1573 *****
        1,311 words
    • 1572 21 8I00M FUTURES Apr9 MMB (Hibrti ctesng «it 5.30p*> mtCONTtACTOcMtWW CtoM VMM OpN Ml m> f «tH (t—»> tt»wt ft* 97 *6.25 166.00 500 625 Jm97 t67.25 WO m n iw.oo nro Am| 97 U9M WO Sm«T 170.25 WTO Oct/Dtc 97 172.50 ***** 172.00 750 4M0 jm «SB «SS
      1,572 words
    • 2293 21 »W Nm *h AB Ports 2TI.400 uncti AMey National *****0 *1400 AMedOomecq 437.400 -6.600 Amec 139.400 .400 Asda Group 1H -1 BAT MO 516.400 -6 BG Pic .177 -1 B4CC 267 unch BOC Group 948.400 5.400 BR Petroleum 693.400 10.400 BTR 252 -2 Bonk of Scotland 321.400
      2,293 words
    • 1624 21 Reuter □Hitka22s -3ia33 STOCKS ended yesterday's trade with hefty losses brought on by continued selling of financial sector shares and profit-taking of some bellwether issues which had rallied on Tuesday, brokers said. The 225-share Nikkei Average finished 318.33 points lower at 17,703.37. Its June futures shed 330 points to
      Reuter  -  1,624 words
    • Article, Illustration
      1561 22 AFX-Asia Hang Seng +2811 IARE prices closed slightly gher yesterday, having trad--1 in a narrow range for most the day, with attention shift,g to China-related stocks. The Hang Seng Index osed up 28.11 points at i,426.68 on turnover of K56.65 billion. The April conact finished at 12,370 and the
      AFX-Asia  -  1,561 words
    • Article, Illustration
      698 22 Reuter n Shenzhen B Index -L 56 SHENZHEN'S B Share Index fell yesterday dragged down by Chongqing Changan Automobile, which reported a substantial drop in profits for 1996. The Index slid 1.56 points to 157.77 with turnover rising to HKSBO.I6 million. Changan. in its annual report issued yesterday, said
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  698 words
    • 296 22 AFP QWP Index +195J9 SHARE prices rallied 2.3 per cent to their highest close in almost seven years yesterday, thanks to general positive sentiment among investors. "Retail and institutional investors were active in pursuing shares on expectations of more gains for the bullish market," said a broker. The Weighted
      AFP  -  296 words
    • Article, Illustration
      821 22 AFP CI SET Index -2.73 SHARE prices fell yesterday as profit-taking overcame bargain hunting on the news that a credit rating agency had downgraded bonds issued by Thai financial institutions. An analyst said the index fell gradually during the afternoon session following the Moody's Investors Services announcement, although it
      AFP  -  821 words
    • 413 22 AFP Fl Composite Index +ZM SHARE prices closed higher yesterday, boosted by a rally in second-liners, dealers said. The Composite Index added 3.69 points to 698.66. Turnover was 43.7 million shares worth 679.7 billion won. Risers beat falls 536 to 254 with 122 shares unchanged. The market traded in
      AFP  -  413 words
    • 592 22 AFP All Ordinaries +2Q«3 SHARES closed higher yesterday after the release of a government report on the financial sector generated strong interest in bank and insurance stocks, brokers said. "Banks are up because the report now allows foreign ownership in quite a big way into the banks," a trader
      AFP  -  592 words
    • 249 22 Reuter Q Wellington -3.92 SHARE prices lost their early gains by the close of an insipid day's trading yesterday. The NZSE Top 40-share Index ended 3.92 points down at 2,220.70 after sluggish volume of NZ$39 million. Reuter «n mm AHZ Banking 8.75 -0.35 W Adventeqes M logs 1.27 002
      Reuter  -  249 words
    • KUALA LUMPUR STOCK MARKET
      • 8282 23 HNNISTttALS Coosumtf products »97 Last Vol Day Net Cap Higb Lew Company S«K -OOP High low P/£ Smll 790 650 Afinomoto 680 unch 7 690 680 51.9 275.6 448 322 Anqkasa 336 6 278 342 332 10.0 495.4 905 705 Apollo Food Hlq 770 -10 94 780 765 308.0 428
        8,282 words
      • 274 23 AFX-Asia PI Composite Index +L6O SHARE prices closed mixed in directionless, rangebound trading yesterday. Dealers said a measured technical rebound in early trade was short-lived as sporadic selling resurfaced with investors keen to take quick profit on any gains. The KLSE Composite Index closed
        AFX-Asia  -  274 words
      • 246 23 U» 0tw Und> Cwwunmt pr« 12 JO 13 Mrt 33 43 II Conatmctlon n n 3 Tra«*/tvc 3t 27 n Mrartru I 0 1 rmwc* 29 23 it M*M I 4 1 Proporty 19 34 11 10 19 MWnf 4 1 1 Trual 2 2 0 Wan 37 57 W
        246 words
    • WARRANTS&OPTIONS
      • 3437 24 BE BONDS, LOANS WAMANTS m Last Vol 0<y Last Ouata Ay^ Ji. H* U. M« W «-«>0) Ht* Law Buy* MM W» 68 46 m 3000 mAMDSc5.5******6 50 w»ch 5 50.S 50 50 60 62 415 3160 *Ae«f ******1USS 44 *0 5 1 *1 Zt Vt. 2L 90 131 77
        3,437 words
      • 183 24  -  WARRAMT WATCH By R Sivanithy JUST a few weeks ago, the Pilecon stock and warrant were among the darlings of the market. With vague rumours regarding a takeover or the introduction of some prominent person as a major shareholder it didn't
        183 words
    • 2074 24 MALAYSIA* STOCKS G< Or M>Q7 Last Vol Day LMt Ouete Dt» 0* YM Net Cap ll» lr Stno Company SQo fOOO) High Law Buyer Seder Cw P/t 370 ms 5000 AIS8 50c I»0 ~Z 39 392 MO 378 386 SO 4.9 0.4 77.6 3898 137 94 msSOOl AM0650C
      2,074 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1120 25 ™™SL rm > """j. 0001 f rl §g if U nww ue iMg il»M am nU* »jjj Sg B S5 *2 "BS "On Su» 1,434 ***** 2%7W Mtt 2V04 M,5J7 Total 50.433 *9.554 13*.M9 MM.»31 W.TH 322.443 scsoao mit ,W MAIN CLOS TOT At -mm mS»5 sT*; W 3 M
        1,120 words
      • 217 26 Stocks VotoM •Berjaya Ind 12,339.000 *Westmont Land 6.177,000 *MBf Hklqs 4,817,000 Serial Sys 4,497,000 •II Industries 4 358,0^ JSH US$0.05 500 4086 0 25 *M6F Land Bhd 3,7M,0 •Amsteel ifiX •Promet 3,097.000 >PJ0evWt •Btriava Ind 22,885,820 •Westmont Land JSH US$0.05 500 14.994,703 U06 •RL Industries Soof6 Land 9,580.598 SMForeign..— JgKS
        217 words
      • Article, Illustration
        69 26  -  -If I Shiv Taneja BERJAYA INDUSTRIAL closed unchanged yesterday at $1.84 on a volume of 12.34 million units, almost six times its 10<iay average. Having found support at just above the $1.80 mark, the share can be expected to trade upwards in the days ahead. There is a
        69 words
      • 631 26  -  STOCK MARKET COMMENTARY Institutions said to be still unsure about full impact of Bank Negara's lending curbs and also waiting for clearer picture to emerge on S'pore economy By R Sivanithy [SINGAPORE] An early rally on both sides of the Causeway yesterday
        631 words
      • ON THE GRAPEVINE
        • 124 26 DURING a tour of Networld Interop '97, an information technology conference cum exhibition held this week at Suntec City, a team of journalists were shown the press room. A journalist (not from BT), probably anticipating the stress of covering the conference, suggested a couple of massage chairs
          124 words
        • 100 26 WHAT do these have in common: a packet of potato chips, a box of starch powder and a plastic puzzle (the kind you shift tiles around to form words or a picture; this one spelt out the word "crisp")? We didn't know either, until we received a package
          100 words
        • 116 26 Hello, Dolly and Mary and Mary DOLLY, the cloned sheep named after the famous American singer/actress, does strange things to people. US President Bill Clinton is concerned, many scientists are up in arms and even a normally straight-laced British magazine has broken down and published a ditty about it. Well,
          116 words
        • 161 26 HSU FENG, a popular Chinese actress in the 1970s and now better known as a producer of prize-winning films such as Farewell My Concubine, might move her production company from China to Singapore. According to the weekly magazine Yazhou Zhoukan, Hsu has been trying
          161 words
        • 117 26 WHO is the biggest wage-earner in Hongkong? Well, the Inland Revenue Department there would not say. It would not even give the sex of the person, presumably because this would drastically narrow down the number of possible candidates. But the IRD did reveal that this high-earner paid
          117 words
    • 4724 25 Of Or M Wt nT I,.. y«l Day Last Ouota ON Otv YM Nat Cm Avg StWa Csmpany Sala COOP) HH> taw 8uyar Sattar CV Pft jgg Prtca MOUSTMAIS 5146 ASENTS***** OS- "I ®5| S 01,0 [jSt64 "»2 931 166 162 164 166 5.0M 4.9 U 12.0 271.5
      4,724 words
    • 1044 25 Or «r M Wt 1997 LMt VM Oa* Laat 0wt6 W» 0* VW Nat Cap A»9 t— wm ciw>m sua coow hh» m »nwr »—> cw Wt W mw 186 128 2000 ABRHMasSC I21M -1 30 130 128 128 130 3.0 6.0 0.1 W43 57 4 133 202 144
      1,044 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 104 16 t S C non-slop alfr Your Choice: 70 destinations in Europe 127 cities in 72 countries You want convenience with fast, easy connection*. From Zurich, the Gateway to Europe, you can reach your European destination in time, and refreshed, for the start of a working day. Swissair believes in treating
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  • Page 17 Advertisements
    • 132 17 Http: www. ana-kotels .com Not just seafood either. Visit our home page and you can order tonight's dinner from our cyher selection. Browse through the menu, leave us your order and it'll he ready to pick up before you can say information superhighway We call it the >)INE-OUT because it's
      132 words

  • Page 18 Advertisements
    • 258 18 The World Converges at Asia's Largest InfoCommunications Event i oomim/lsi33B' The 10th Asian International Information and Communication Technology Exhibition Conference AJBWK^m Kelwork/lsiaSS The 4th Asian International Networking Exhibtion and Conference Singapore Suntec Centre CommunicAsia9B and NetworkAsia9B will be held concurrently with BroadcastAsia9B. Benefit from this powerful synergy of the telecommunications,
      258 words

  • Page 19 Advertisements
    • 674 19 lllillllillllllillliiSSHSßßSßillßßSßlßSHlSllilllliSii B Superb delicacies at incredible |§j m BK>IBKHJ M iim discounts to pamper your tastebuds. Our HI W AKkWfll I for 10 persons are ideal 2 for celebrating auspicious occasions in the charming of Dragon City M 9l Si JFM IHQ yj Sichuan Restaurant or Grand City Chinese Restaurant.
      674 words



  • Page 22 Advertisements
    • 115 22 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 I The Business Times and ♦The Jakarta stock market was closed yesterday. BUY* SELL* fina* Classified ads can get you stereo equipment for a song. No matter what
      115 words

  • Page 23 Advertisements
    • 140 23 ~~Land Transport Authority Infoline_ COE Bidding Results Car Registration Number Availability. Available on 10th 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 cntcr your Car Registration number; number and the Vehicle
      140 words

  • Page 24 Advertisements
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      167 words

  • Page 25 Advertisements
    • 93 25 SOfTH SKONDI SOFTFWSTCOVIR COVH High rfpubjon dttfonct cww 392 dimplti I-**"**" tnergr OdoUdrai configuration irortsformohon covtr L——^—■ z]VV The Ultimate DlStdllCC Belli* npnon core. I he gradual change in softness from the centre to the outside allows the ball to maintain and convert restoration energy (from ball compression) PRECEPT into
      93 words
    • 8 25 Home Decor For people who love their homes
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  • Page 26 Advertisements
    • 1192 26 BUSINESS Notices To advertise call toll-free 1800-741 1883 Young Parents -When you want the best for your children engine plant Q FOR THE PRODUCTION OF H STRAIGHT 6 AND Vl2 ENGINES M STRAI6HT SIX CYLINDER ENGINE H Linw include, Uj Cylinder Block, Cylinder Head. Crankshaft, W Camshaft, Connecting Rod. Bearing
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  • SHIPPING TIMES
    • 313 27 Reuter ANOTHER day went past with new cargoes scarce and rates generally looking slightly softer, brokers said. Some brokers said there had been signs of the market being "talked up", but there was little evidence that higher rates had been agreed. The day never found Monday's volume, but
      Reuter  -  313 words
    • 202 27 CWT Wstribwben _U7 0.02 OmmdHmP too 0.005 5 CMMtavaatmant —US -003 t* rrMMLMl 0-79 001 J A2 Hal Sun Mup V. 0lO2 439 mucmzmm o 77 -ooi 99 mcitiimim MMJ Uu* 1 03 ss MMMrtLS U -002 199 OOI 27 MMTM US MCft 3r»y Marina 193 0.01 2779
      202 words
    • 406 27  -  Turnkey deal will tap the company's specialist skills SML president Billy Lee By Yong Mei Fong [SINGAPORE] Singapore's Sembawang Maritime Ltd (SML) has clinched a turnkey deal to repair and upgrade the Saigon Floating Hotel, which is to be transformed into a five-star
      406 words
    • 196 27 [SHANGHAI] The International Chamber of Commerce (ICC) has appealed to China to release a hijacked ship carrying a cargo of sugar which has been held in a Chinese port for 20 months. The Cyprus-flagged Anna Sierra, belonging to an Indian state trading firm, had
      196 words
    • 545 27  -  NEWBUXLDS David Hughes THERE were no actual contracts reported for VLCCs but that did not stop London shipbroker EA Gibson from issuing a strong warning to independent owners to refrain from ordering such vessels. There are good reasons for not ordering. The basic
      545 words
    • 207 27 Reuter [ADEN] Yemeni officials said on Monday they expected dredging in Aden harbour to start on April 17 under a project to restore the port as a key staging post between Europe and Asia. It would be the first tangible work to revive
      Reuter  -  207 words
    • 204 27 Reuter (HONGKONG] Asia Securities International Ltd said it would buy 91 per cent stakes in five bulk carriers from third-party China National Foreign Trade Transportation Corp of Beijing (Sinotrans) for HK5495.15 million (5590.1 million). Asia Securities and Bengal Star Investment Corp,
      Reuter  -  204 words
    • 295 27  -  By] Marcus Hand [SINGAPORE] This year's METS Asia exhibition saw a slight decrease in the number of visitors, compared to last year. The second annual marine equipment trade show, which closed on April 4, recorded a total trade visitor count of
      295 words
    • 307 27 [TOKYO] Japan's three major shipbuilders are enjoying an increase in orders for medi-um-size and large vessels, while future business outlook is also improving for doublehull crude carriers to replace ageing vessels built in the *****. Competition among the companies is expected to
      307 words
    • 137 27 Bloomberg [TOKYO] Two unions of Japan's dock workers ended their ban on working night shifts and returned to regular operations yesterday, said a union official. The National Council of Dockworkers' Unions of Japan and the Japanese Confederation of Port and Transportation Workers Union had
      Bloomberg  -  137 words
    • 874 28 BBZP PXRACnri ON A STEEP RISE Cargo theft and violent attacks on ships have rocketed over recent years, raising costs for carriers, both in goods lost and increasing insurance premiums, but ports worldwide lack preventative methods and technology Lloyd's List THE aviation Industry Is a
      Lloyd's List; FILE PHOTO  -  874 words
    • 258 28 PAOE 02 2 ACI n lutmi 5 AMI 3 tASI tl n Ablt 4 i Accord 12 Ahrtnkl«l 4 K tUTOiilM 0 JE""" J Emgraan II r*mAii« 7 Austral n LTTrV I 4 FL-BrigM 6 I FooagSon 12 Frt World T BitamirxJo 7
      258 words
    • 16349 34 THEBUSINESSTIMES EXPORT ETA ETA Advortltor VWMi VO»O0O To**ono I ETA ETA Adv*tlt* Votliol Voy£ ToMp£no I 17/04 05/05 ClM) Yong CALIFORNIA SENATOR WF78 *5-*****12 I 17/04 VM Evtrgrton NUOVA NIPPONICA 7-004W 55-*****11 I 17/04 11*5 Han|ln M. KOBE 0t5W *5-32*0224 "lb ABIDJAN (ABJ) 2003 I 17/04 n/os Tri«tmo
      16,349 words
    • SHIPS IN PORT
      • 444 41 Voy Wo Nft> Arrfrot Owrtwn MMf7 10-04/0400 II MM* 3*341' JOI >0 04/0400 3«4i7 JOI SS5S W.0V**: Khrl 0*3417 JOI MM9UI* <0.04/0*30 >Mlltra«« 3' J0» M9IM >0.04/2)00 33 VI' m turn** «.04£500 >ncnw 3'W M Hill H04/7000 Ma 44 JOi «on«M* 04/2)00 IttL 2' S S:K IvS Xi
        444 words
      • 1354 41 RICCIVWK OF EXPORT FO, COHTAMPtt AND 1ft CAH90 tortrtBUlilinri Rstii SMp Hj N* ttfc/ttr Nrtoi frw T> fw katm m MM mmo wgg wgw» it www *0C 'Gi'OtOC i wom 4 moo «M» wnoo SHE Mil aW5 jf jgj5 g5j 5g c/^oc 4 ttrnc VMM MM 555 iii
        1,354 words
      • 197 41 8»rl8 Thailand: Songkran Festival Day. Ayr 18 Brunei: Hari Raya Hajl. Indonesia: Id-el-Adha. Malaysia: Hari Raya Qurban. Singapore: Hari Raya HaJL A»raß Australia: Antac Day. Denmark: St. Bededag. Japan: Greenery Day. New Zealand: Antac Day. Apr 80 Netherlands: Queen's Day. Itojrl Belgium: Labour Day. China Labour Day. France:
        197 words
      • 950 41 THIS report, conpltod by CodMtt Maria* Oil Lid. (how* price ranpae la US dodara iaeaaad of tfaoa prtcaa tor mot* anpraheaaive daacrlpttoa of the markat Prtcaa ahown are baaed on wm aliad atem Markat bmtcbmbu art Indicated Tha Cocfcatt Bunkar Prtca Inda changi and th* individual
        950 words
      • 364 41 Cvtoa MO Mai 9913 U 144 O.It n 0.0T Aar U DmmKv Mar IhMm Art MmMm MM Ho otow £25 2 1 9 4 0 0" >MW 300 Aw 9015 0.6 12.5 0.07 32 042. Inn 300 Mb 999.9 7J> 17.9 0.N II C V WM
        364 words
    • AIR&LAND TRANSPORT NEWS
      • 445 42 Bat industry representatives say report's estimates are not realistic Journal of Commerce [WASHINGTON] Airport executives in the US say an independent estimate of airport development needs over the next five years backs their case for much more spending, but airline
        Journal of Commerce  -  445 words
      • 265 42 Reuter [NEW YORK] CSX Corp and Norfolk Southern Corp on Tuesday unveiled the highly anticipated details of their proposed US$lO.3 billion (5514.7 billion) acquisition of Conrail Inc that call for both railroads to split key routes of the Philadelphia-based carrier.
        Reuter  -  265 words
      • 82 42 [MANILA] President Fidel Ramos (centre) joined by Charles Adams (on Mr Ramos' left), president of United Parcel Service (UPS) in Asia Pacific, and other officials and crew give the thumbs up at the inaugural/light of the launch of regular UPS air services in the Philippines on
        AFP  -  82 words
      • 274 42 Bloomberg [HONGKONG] Hongkong's airport authority has defended the charges it plans to levy on use of the territory's future Chek Lap Kok airport, arguing they were "fair, reasonable and competitive". Hitting back at airlines which have criticised the planned charges as too
        Bloomberg  -  274 words
      • 234 42 Tokyo not ready for new pact: Northwest Air official Bloomberg [WASHINGTON] Recent charges by the Japanese government that US carriers are unsafe signal that Japan is not ready to agree to a new, more open bilateral aviation accord, a Northwest Airlines
        Bloomberg  -  234 words
      • 221 42 AFP (NEW YORK] TWA has offered U5575,000 (*****,250)f0r each of the 230 people killed in July when a Paris-bound Boeing 747 crashed near New York, a representative for 55 families said on Tuesday. TWA made the offer, which is
        AFP  -  221 words
      • 324 42 Reuter [TOKYO] Nissan Motor Co Ltd said on Tuesday it would start exporting luxury sedans to Taiwan, the first major Japanese car maker to do so after Taipei lifted a 23-year ban on Japanese car imports in February. Other Japanese car makers said
        Reuter  -  324 words
      • 226 42 Problem could be that Stork wanted money first before due diligence study Reuter [KUALA LUMPUR] Malaysia does not expect a proposed rescue of bankrupt Dutch planemaker Fokker to proceed, Deputy Prime Minister Anwar Ibrahim said yesterday. "We entered into serious negotiations but I
        Reuter  -  226 words
      • LOG Book
        • 88 42 Reuter [JOHANNESBURG] A formal complaint by South African Airways (SAA) against a tie-up between Britiah Airways pk and local South African carrier Comair has been overruled, the two allied airlines said in a statement on Tuesday. The airlines sealed a franchise agreement last
          Reuter  -  88 words
        • 99 42 Reuter [NEW DELHI] India's striking truck owners kept more than two million vehicles off the road far the ninth day yesterday while they considered a government offer to solve the crisis, state and transport officials said. The strike was triggered by a planned 6 per
          Reuter  -  99 words
        • 54 42 Reuter [BEIJING] Salee of Volkswagen vehicles soared in China in March with heavy demand from government agenciee and taxi companiee, the company said in a statement issuedfromHongkongonTuaeday. Shanghai Volkswagsn reported salee 0f20,831 vehiclee in March white FAW-Volkswagen in north-eastern Changchun aoldjjQj can. the company
          Reuter  -  54 words
      • 1281 42 CITY FUSHT ETA FU6HT ETP M095 2150 *096 W5 Olllllll TM30 MO 0f02 2055 Ho CM MM VM741 1310 SOI72 0930 AmtertM KLM3 0455 KL838 2300 ***** 1420 ***** 1410 0125 0655 0126 2355 ***** 1905 v 740 1410 $025 0655 S026 2355 <***** 1W5 KLB37
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  • Page 28 Advertisements
    • 753 28 i n [auu '7*7Tn VCSSCL YOY OM VAN SU U SM g YISSB. VOT JU MM UN Ul t(X SM NOMRMDma I7WSU M/M 17/5 17/ M si 7» U/M fj ONMIMY ii M/M M/M 11/ M M/M H/M H/M NOt TOfA2 SSWSI3 31/OJ M/M M/M 17/ M 14/94 MSTHUMMUN IS
      753 words
    • 561 28 Una* A MrvtoM rapwanM by Membece o# Sw Reg Wry o# AocredWed Shipping Agwite, 8-port Naflonal Shipping Awoc /MBi Mambmofttw angapon FrXgw Torwidtf AnooMton. Every TRUCKER prefers transportfngthe BIQ shipments, ,2(^^^rds. (S)PTC LTD W Tel: 775 2616 Fax: 775 2256 I EXPORT 3 k Japan -2k Howglwwg •1 x Mania
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  • Page 29 Advertisements
    • 839 29 1 HOKK SOUTH WIST EXPtfSS (PWfCT) ALSO ACCEPTING MAMAUS Ivcsa WT m I swim \mm |an|■l wc g whmwb oi» vrn m/u lop g/*_ IDT mKT IS7ST ItW nfiT wflT gaT 1?M1 M&I MffL. 3MI M&- Bgmmutm im nm am */m w/b u/b )4/b_ _m/b_ js/b_ J4g_ J!Zg_ ij£LAflJinil >m
      839 words
    • 1367 29 OHANJIN SHIPPING mim/iot IMI i a rW W m m ma w wc ow I m _m m_ m J»_J| n—a n/K M/M I H/B 17/B M/B M/B Bg_ 17/B_ nm_ W*_ mm_ a/«_ M"* 5 nw—ab» mm li/B I nm nm b/b v&_ JZ/b_ »*L_ _gZ«_ M&- y* Igg
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  • Page 30 Advertisements
    • 1263 30 <Sr DSR-SENATOR Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT m fioJ Ism rtm Imv I ham lax «mt lma |vessel Ivor luu I rtm Imv Imm fu mi n TsHsGwsTofi "wFrir "iTS" "oHT"SIT 17« im cmoymusuccess EE7I7 an im an an mm MMUHISIUM WW7II 14M MM MM MM
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    • 1252 30 NORASIA I "i NMSHAAJAM 0713-3 IM4 1104 2MM 2704 2MM 04.M 08/00 01 OO 07N6 KM KM KM SIMFMELA 1714-1 17*4 IW M 04*5 03*6 11*1 11*6 00*6 14*5 OMS OMB tW NORSMGA 0716-3 22*4 24*4 OMS 11*6 16*5 10*6 11*6 15*6 21*6 16*6 16*6 17*6 I MUMSMME 0710-3 20*4
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    • 455 30 rs ■i CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA breakbuuc.ro/roandheavyuftanywbght B THAI HAG STATUS PRIORITY BERTHS ksk Express V.4SA SAILED 10-11/04 19-20/04 10-19/04 .1 i A* Lyra V.4M 23-25/04 26-24/04 29-30/04 01-04/05 f km ixpmi V.47A 07-09/05 10-10/05 13-14/05 14-17/05 Ash Ixpms V.4IA 20-22/05 23-23/05 20-27/05 27-30/05 BOOKINGS t INQUIRIES: m
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  • Page 31 Advertisements
    • 850 31 H— VOY 1«N WH) PKO WN UJL I WANTIYFOUW PJC-1223 2<WM7 ;AA/0 2/04/97 f IRAN OHRYAA4AT PJL-1229 18/04/97 JfSSjZI 29/04/97 I gS%SSi BBS 7 7 23/03/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLANO POINTS IN IRAN A CIS COUNTRIES LE.A^BAUAN, ARMENIA KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN A GEORGIA VIA B.ABBAS, BIK
      850 words
    • 1568 31 ACCEPIMG 10 mm, NA6OYA, Mi KOM HIMNI ROM g*, vJ &mm cmimoio Mommmvmmzm v v,wmi«oiriuiw»f iii» "J SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****01 OUTWARO (IA) *****02 COSTAR SHIPPING PTE LTD #17-08 MSIU>G SALES/KGS 420Si4i/43 INWARD DEFT (D/O> 420S7RS COSTAR AGENCIES (M) SDN BHD g TOttS
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  • Page 32 Advertisements
    • 1149 32 •ftp RDM UW HU THP ZEE LHV LHV THP ROM ANW HBG PKL SOP LMCERMMM 16*4 «*6 IB*6 BMB 13*6 M*6 1W E. OAIMNB «*O7 11*3 IMB 11*3 20*3 Zl/W 14*4 I&*4 I. REACH RW-#l3 10*4 IMS 14*0 IMS 12*6 13*6 14*6 E BUHMO Bf-030 23*3 28*3 25*3 2Mg E.
      1,149 words
    • 1038 32 VISSU VOVMf WMMMUtMIMINTUI VBSfl VOTMt M JH IN W IW W I UNCOKKH MSI-037W 17/04 27/04 27/04 M/ 04 MAX 3C/04 JMM 20/04 UMOMMIO 0447 4271 30/03 31/03 01/04 14/04 UN CHUT 0452-030N 24/04 04/05 04/D5 OVOS Ok/K 07/05 05/05 01/05 UN CM** 0441-03* 04/04 04/04 07/04 01/04 M/ 04
      1,038 words
    • 401 32 NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SW PLU I PUI (FT mumvaus om mi ag v/v> n*s NOfti 014S 03/05 u*s ims n/is mm mucks oils ii/ds m/ds »/m BMjjMjgß OTPS 77/05 31/05 81/ M MM mWAlftma 01SS 07/ M 17/N 71/ M
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  • Page 33 Advertisements
    • 741 33 mm. MYANMA Vflßßk FIVE STAR UNE r (MyiMMT NmHmml UM) W loedliif for YaafM (Rmm«mm) mm vot sm fit w MOM MM a» mpa-am niw $40 ■ALATSIA MSOTTV KWSTIAD SMVPM6 AGfMOtS lUL m W-43-*****00 HL 1H 02-01-*****01 POk TH 01-04-1412*01 Kfc TH 02-07-*****21/4 BANK UNE (A mvko of A«*ow W*
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    • 1233 33 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 I 10? M IM4 i% Ntmui iißrniSi ißos i?!s m!m ofSl m?os I 3/04 3/04 1/04 HT AMMBAI M4M 20/ M 07/05 M/OS 10/05 10/05 10/05 11/ M I S/M 25/04 4/04 NINMMRS *4W 27/ M 14/ M IS/M
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    • 36 33 PArWE^or\, SHWPINQ PTE LTD W—khf LCL conuohdmUon amrvicmm to MEXtCO, CENTRAL A SOUTH AMERICA Accepting cargo tor ports *t MWm Cutm-i B SetomOor. Hondw* Costa «ca. Domncmn flap, Puerto fltoo, MnMll lhnkjmd, CotomtJie. Ecudor, Chte Uruguay
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    • 575 33 FAMOUS CONTAINER UNES Jlf mm 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (Co. no. siissp) NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL 603-*****33 (20 LINES) FAX: 603-*****33 (05 UNES) COMPREHENSIVE SAILINGS TO AND FROM PORT KLANQ
      575 words


  • Page 35 Advertisements
    • 45 35 To retrieve more schedules, just follow these simple steps... d° cument j^ial the port your Step Step key in the four %j|phone number XM digit code TT ~1 Key in your Example: fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      45 words


  • Page 37 Advertisements
    • 439 37 WMkly LCL AFCL f()|j||l3| Services to Caribbean m W fs "ippim a Central America mabsk Houston] sea jade 9706 615E Port Country 13/04 20/04 MizaCity Baliza 17/05 24/05 Bridgetown Barbados 20/05 27/05 Cartagena Colofnkxa 19/05 26/05 Castries St. Lucia 19/05 26/05 Fort de France Martinique 20/05 27/05 Freeport Bahamas 15/05
      439 words
    • 1040 37 ADVANCE CONTAINER LINES (PTE) LTD JB I Z 140 Cadi Street, #12-00, PIL Building, Singapore *****0 L I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E JAIAIfA (9 to PAT, 3 SaHtaai li SMT, 2 Satttofi 1 LOhT (4 Sslllat«/Waa» l^ AVn y^^* W L Vtssa IVOY
      1,040 words
    • 819 37 CR NO: **********0Z __^J VESSELS VOY SM JED PBO US HAM RTM THP ANR MLLEOEGEMB4A HI9W 14/04 23/04 26/04 (WHS 06/06 07/06 08/06 08X16 VLLEOXWKM YI9W 21/P4 3004 02/06 11/06 12/06 WO6 16/06 16/» V-LEDEVELA Visw 2»X>4 07/06 08X16 WPS 19/06 21/06 22/06 23X» VLLE DE CAPELLA T2OW <*X* 14/06
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  • Page 38 Advertisements
    • 802 38 BANQKOK PT KILAHQ VESSEL VOY MN BKK VESSEL I VOY I SIN PKL XETHA BHUM -SS" Tbu InPt fanhvoT SUNOABEROJA 707» Thu M 11/04 rTthABHWI l&r-i rST""isbr B MAS EMPAT 7543 to. 12AM San 13AM YANTHA BHUM— JAWUBHUM I® AHjWBHUM IS/04 BUNOA BERQJA 7081 Sun 13AM Mon 14AM iSam st
      802 words
    • 446 38 KSSaSL. fc ..^<a ;L -a—--•fa«»So2-IT5l»* fa*N ta*»T/««M»» *+*m m mm. HMTOWKI) 4SWS/WI 11—I IK 1 11/i?l W I lt/oTI HI I IvW I>U I iivfi BH I 11/fl ii jjl BHST \m I ivjil"f, IMP ffinß MLm. |j|P |ffl[|jj}j Sjßj KSjiii ■mui "~m ti/9* lim TSTvrm W7ir| I iff 114/wl
      446 words
    • 615 38 A 4CCORD A SHIPPING PTE LTD Til: *****56 (40 tin**) PAX *****46 ntT DJUtC (tSfM/lttl Km Wk, DWfCT ACCISS TO. *****557 (iXKMT aOOMNO) MSB OiMC (S7)iSIIW 225M37 (IXTOCT DOC), *****64 (IMPOCT) PBMMG (M) JX! 1441 pow ra sin potr ha sw pot ita $m wmtt msm (FAR EAST) (INDIA) (EUROPE
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  • Page 39 Advertisements
    • 429 39 SINO EXPRESS SHIPPING I 11 COLLYER QUAY #06-01 THE ARCADE ItSINOTRANSI J 8 (*****7 J.TEL: *****00 FAX: *****08 VcV+Mr TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG ETA SHA 0. GLORY 9710 11/04 16/04 20/04 6.WEU 9710 19/04 24/04 28/04 6. LUCK 9710 26/04 01/05 05/05
      429 words
    • 172 39 ACCEPTING LCI TO VANCOUVER/TORONTO/MONTREAL MV "CHESAPEAKE BAY" j V. 07E516 j ETA SIN 15-04-97 I AUCKLAND MV "B. TERASEK" V. 107 ETA SIN 12-04-97 j CONSOLIDATION, WAREHOUSING, TRANSPORTATION, I HOUSEHOLD REMOVAL AND AIR CARGO j cxmESS sm JD LCL CONSOLIDATION SERVICE 11, Oijtfw >■> _-rna„ yRj TOKravoMOHAMA/WAQOVMCoss gg gg> gg»
      172 words
    • 160 39 delta STAR 15/04 I CANALP IVO4 2CVO4 RdnMtwAJKAtan GAMMA 30/04 RdnVAtw/UK 1 VAN K 18AM RdnVAtWUX. I Loada EVW Mataywa. Indonean J Loading fcx HSTARSM HodaidtfiUaddah/AqabWEgypt/Aigtorß I ■pan CRYSTAL ■a. VERMEZ HcxMctah/JwfcMVEoypt 1 ■a. HAZER JwtttfVAqatMriMy I ■sea MASTER Dubai/A. ONfei/DamnwVKiMMtt I lot* EVW. lndon—f I I narinq inr ■piNAR
      160 words

  • Page 40 Advertisements
    • 465 40 Shipping Times 24 -"3 l jstnessCentre Your 24-hour instant info access centre 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. Call 740-6000 Press" 1" key in Document Code Key
      465 words
    • 333 40 J Turnkey Foctory Automation System Automated Storage and Retrieval System 'I (AS/ |j|,f Full Range of Conventional Pallet I Bj6» r WW 9 ■j *^Sf^^%*"- 1 'mjm Mufti-storey warehouse: Tuo»a»«*«i3 ii« 10,000 square metres currently available (1,800 to 2,000 square metres per floor) mfW Close to PIE/AYE/KJE Second Unk to
      333 words

  • Page 41 Miscellaneous
    • 116 41 LEGINO i ""wiolhw C r draction -rlti h>*«> in knon i V2id,», SiHiti vMi of# mdicottd by orrowi vMdi Hy wilfc tfci wind 0 On* ful cird* r*pr**«nt* cotm or Ught and vorioM* wrtd» i—•. On* hoH H*ch* r*pr***nt* 5 knot* L_» On* ful ft*ch* r*pr***nt* 10 knot* 4—» On*
      116 words