The Business Times, 10 February 1998

Total Pages: 40
1 40 The Business Times
  • 19 1 The BusinessTMes MITA(P) 110/12/97 85c S I N G A P O R E Internet: http://www.asial.com.sg/biztimes TUESDAY, FEBRUARY 10,1998
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  • 73 1 asm 1540.72 (+6.81) n rr-su mm ML4I (-6.07) BTOWP 1387 M (+0.52) BTMGA 836J9 (-8.20) p IUUETIOOft OTOg MAHET HMCBB Monday Change KLSE OOMP 727.49 -*7» p NIKKEI 17,21)6 H +1(454 HAW SEM) IM7ltf_*»72» SET INDEX UOM 4.48 JAKARTA OOMP 52S24 418 MANILA COUP _2.«M» ♦IJJI TAIPEI WPt
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  • 79 1 EXCHANGE BATES LSI St USJ i 664 1541 2.729 DM OAM 0*20 YEN 100 0.802 I m MS 0261 0.4*4 HKS 0129 0216 BAHT 0 021 0 036 RL'PIAH 100 0.010 0.017 Inttrbank rata PUKE BATES SINGAPORE* 7.85 KUALA LUMPUR. 930 JAKARTA...- 18.00 BANGKOK 13.25 MANILA 12.50 HONGKONG .9.50
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  • 731 1  -  Merger of Local, Foreign shares welcomed by analysts Reports by] R Sivanithy (SINGAPORE] Shareholders of media and property group Singapore Press Holdings yesterday voted overwhelmingly in favour of a proposal to merge the company's Local and Foreign shares, an outcome which was welcomed
    LIANHE ZAOBAO  -  731 words
  • 278 1 [SINGAPORE] The big surprise at yesterday's SPH shareholders' meetings was the decision of Singapore Telecom (Sing Tel) to vote against the plan to merge SPH's Local and Foreign shares. SingTel's proxies voted separately in both the Local and Management
    278 words
  • 653 1  -  Rentals alone enough to pay off short-term debt, says official /W/m' Quak Hiang Whai in Hongkong NG TENG Fong's Sino Land sold about 2,200 residential units in Hongkong last year generating some HK$l2 billion (552.57 billion) in revenue besides collecting another HK$3 billion in rents,
    653 words
  • 902 1  -  Capital controls seen in Suharto's talk of "killing 9 strategy Fhnn S N Vasuki in Jakarta INDONKSIA yesterday appears! headed towards a currency board system after President Suharto declared that Jakarta had to determine a "certain" exchange rate for the rupiah in order
    902 words
  • 275 1 Move seen as prelude to flexible commission rates for equities [SINGAPORE] The Singapore International Monetary Exchange (Simex) has freed its minimum commission rates on all its remaining futures contracts "in the light of changing market conditions". In what could be a precursor to cutting loose
    275 words
  • Page 1 Advertisements
    • 128 1 msPE STIC hives off ST Capital stake to parent Singapore Technologies Industrial Corporation has agreed to sell its stake in loss-making ST Capital to its parent company for $40.4 m, Pg 15 Why all eyes are on Fm* East Orgutaatita As Singapore's biggest developer, its decision could move the property
      128 words
    • 9 1 Why *U eyes are on Far East, Pg 4
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    • 40 1 1 4W^ LE TEMPS CHANEL THE MATELASSEE WATCH COLLECTION STAINLESS STEEL FOLDING BUCKLE WATERPROOF TO 30 METERS SWISS CRAFTSMANSHIP EXCLUSIVELY AT CHANEL BOUTIQUES NQEE ANN CITY 391 ORCHARD ROAD SINGAPORE TEL *****20 ISETAN SCOTTS 350 ORCHARD ROAD SINGAPORE TEL *****21
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    • 9 1 Indon Chinese seek refuge with army, police, Pg 5
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  • SINGAPORE AT HOME & ABROAD
    • 534 2  -  About 10 laid off in S'pore amid refocus, plans to expand fixed-income business Byi Catherine Ong BANQUE Paribas said yesterday it is expanding its fixed-in-come business in Asia despite laying off about 10 people in Singapore and a few more in Hongkong
      534 words
    • 225 2 FACSIMILE machine maker Matsushita Graphic Communication Systems (MGS) is investing $25 million to boost its manufacturing and product design facilities here. The December issue of Singapore Investment News said the company, a wholly-owned subsidiary of Japan's Matsushita group, will spend $10 million to double
      225 words
    • 343 2  -  Move would help Asia rebound from recession this year By. Audrey Tan JAPAN should stimulate domestic demand to help Asian economies rebound from a year of outright recession, said an economist with US investment bank Lehman Brothers yesterday. At its annual global economics
      343 words
    • 350 2  -  By Frances Lui BUSINESS class travel is out, even on long haul flights. In some cases, room-sharing with colleagues of the same sex is in. And one multinational has told its staff to, where possible, video-confer-ence instead of fly. As companies tighten their
      350 words
    • 347 2 TIIK old Hill Stni't Police Station which iimhl to house |x> I icemen and their families in tin* 19.10s will Im* turned into an arts building with galleries. cafes and outdoor theatre performances, and also be home to ih«- Ministry of In
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    • 280 2  -  ETC ON THE ECONOMY Currency tt'J< Audrey Tan THE Singapore dollar's current weakness against the US dollar reflects expectations of a sharp economic slowdown here, says Overseas Union Bank (OlIIJ). In its latest financial review, it said the Sing dollar's 15 per cent slide against
      Source: OUB  -  280 words
    • 517 2  -  Phase 3B basic reclamation costs said to be $2.6b ItrjM/rLs fry] Ronnie Lim REGIONAL crisis or not, Singapore will start work this August on the final, largest and most expensive reclamation phase the 995-ha, Phase 3B of the $7 billion Jurong Island project,
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    • 486 2 SINGAPORE has made its final offer on investment incentives to Mobil and expects the US company to decide on its multi-billion dollar petrochemical investment here by the end of next month. Economic Development Board chairman Philip Yeo said. Talking to reporters after opening Chemical
      486 words
  • Page 2 Advertisements
    • 168 2 Stay at the Royal Crowne Plaza and enjoy our exclusive privileges Save 111 > to 45% on published room rates when you stay at Royal Crowne I'la/a hotel in Singapore from now on until March 51st, 1998. That's not all! When you pay with Aiueiic .in Kxpress card, you'll also
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  • Page 3 Advertisements
    • 467 3 BREITLING 1884 NAVITIMER Early this century, aerial navigation was The Breitling Academy thus stages aerobatics essentially a matter of dead reckoning, with the training courses where pilots have an aid of a map, an altimeter and a chronograph. opportunity to fly the three current top Cockpit instruments did little more
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  • FOCUS: PROPERTY
    • 715 4  -  THE PROPERTY COLUMN As S'pore's biggest developer, Its decision could move the property market here and In Hongkong Lee Han Shih WHEN asked last Thursday why Far East Organization delayed payment on three plots of state land, its chief executive Philip Ng shot
      715 words
    • 817 4  -  Foreigners can't buy assets to be sold unless govt changes ownership laws AW//// Harish Mehta in lUuujkttk THAILAND is inviting bids for property assets, both good and bad, worth about 200 billion baht (Ss6.B billion) held by its 56 finance companies that were closed last
      FILE PHOTO  -  817 words
  • Page 4 Advertisements
    • 162 4 NEW OFFICES FOR LEASE S? ANSON HOUSE >> Close to MRT tjN, J Triple Height Foyer ■J Ample Car Park lllfll J Spacious 3.4 metre floor to ceiling floor height ||||R -J Individual Floor Air Handling Units. I 1111 l Column Free Office Space IIwESB 1 ||[J^^* Most Advanced Raised
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    • 172 4 New 4-Storey Warehouse At Sungei Kadut For Sale/Lease Total Nett Floor Area: 170,000 sq ft Tenure: 30 years wef 1996 Units from 9,730 sq ft to 40.000 sq ft Ceiling height: 4.5 morlo m Floor loading: 15 KN/sq mor 20 KN/sq m 10-ton hoist crane and cargo lifts Ready for
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  • REGION
    • 275 5 TOKYO AFP THE chairman of Japan's most powerful business group yesterday urged lawmakers to draw up measures to awaken the slumbering economy and support Asian countries. "As Japan is not a weak country, it is important to rebuild the economy and to
      AFP  -  275 words
    • 443 5 BEIJING Exports may see no growth or even shrink: economist Reuters CHINA'S foreign trade minister. warning of the impact of the Asian financial crisis, was quoted yesterday as saying combined import and export growth this year would be slashed by half.
      Reuters  -  443 words
    • 303 5 JAKARTA AFP HUNDREDS of ethnic Chinese yesterday took sanctuary at military and police installations on the eastern Indonesian island of Flores after mobs angered by soaring prices torched their shops and businesses, the military said. "Many Chinese panicked because of the attack on
      AFP; REUTERS  -  303 words
    • 336 5 MANILA Reuters PHILIPPINE merchandise exports surged 22.8 per cent last year, boosted by a weaker currency, but economists said yesterday that tight credit and rising wages could temper the momentum this year. "We expect a lower growth rate this year While some of
      Reuters  -  336 words
    • 161 5 HONGKONG AFP THE Hongkong government plans to reschedule its land auction programme amid a slump in property prices as Asia's financial crisis rumbles on, a government official said yesterday. Bowen Leung, secretary for planning, environment and lands, told reporters that a new
      AFP  -  161 words
    • 483 8  -  TOKYO Surprise move comes after reports of BOJ officials being wined and dined by banks By, Anthony Rowley AN official probe into alleged bribery of Japanese financial officials by banks assumed new dimensions last night when the Bank of Japan
      483 words
    • 392 8  -  SINGAPORE By' Toh Han Shih AS a result of the Asian currency crisis, the information technology (IT) market in Singapore and the region will shrink in US dollar terms this year, according to a recent study by US market research firm International Data Corporation
      Source: IDC  -  392 words
    • 378 8 SEOUL Bat falling imports may hurt Q2 figures: officials AFP SOUTH Korea yesterday unveiled a third consecutive monthly current account surplus of US$3.O3 billion (Sss billion), but officials warned that plunging imports bode ill for ex|K»rts in the s*?cnnd quarter. Central Bank of Korea
      AFP  -  378 words
    • 243 8 ■SKOUL AFP MILITANT South Korean unionists yesterday rejected a landmark accord on legalising mass layoffs and demanded a nationwide strike to protect their jobs. Dozens of protesters occupied the headquarters of the Korean Confederation of Trade Unions (KCTU), urging the resignation of
      AFP  -  243 words
    • 51 8 [BEIJING] A Chinese woman checks out a pair of brand-name spectacles at a shopping mall in Beijing on Sunday. While massive layoffs hurt China's unskilled workers, its growing upper-middle class is shrugging off Asia s economic woes and treating itself to goods and services like never before.
      AFP  -  51 words
  • Page 5 Advertisements
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    • 53 5 He res the most advanced tool for marketing your company today. Yes. to the of fl Cell Name: Designation Company: Address: •I management Singapore Send me more information about 7 x TV* l/vri/x Call Management Services H Ivlt/LUIII Have your sales representative call me fax to Corporate Sales Department at
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  • MARKETS IN TURMOIL
    • 298 6 Bernama [KUALA LUMPUR) Minister of International Trade and Industry (Miti) Rafidah Aziz welcomed the use of Singapore currency as the intermediary unit to trade among Asean countries. "At the Asean level, this is the first effort taken to encourage trade among
      Bernama  -  298 words
    • 520 6 US also needs to take a more active role to help region out of financial crisis Reuters [TOKYO) Malaysia's Deputy Prime Minister Anwar Ibrahim politely tweaked Japan and the United States yesterday for not taking a more active role in helping
      Reuters  -  520 words
    • 42 6 [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad (left) greeting a family on Sunday after launching a women's savings fund to boost the country s ailing bourse and support his 17-year leadership in tackling the country's economic crisis. AFP
      AFP  -  42 words
    • 365 6 Govt securities may be used to back new long-term obligations AFP Reuters [BANGKOK| The Thai government is considering renegotiating the country's shortterm foreign debt into long-term obligations backed by government securities, a report said yesterday. Thai finance chiefs are looking at
      AFP; Reuters  -  365 words
    • 379 6 He blames region's govts for failing to avert crisis Reuters I LONDON International Monetary Fund (IMF) chief Michel Camdessus said yesterday that Asian currencies had fallen too far following the financial crisis in the region. In an interview with the Financial Times, Mr
      Reuters  -  379 words
    • 163 6 Bridge News ISINGAPORK) Several countries are "expected to announce soon that they will as sist with the financing of Indonesian exports". International Monetary Fund's (IMF) deputy managing director Stanley Fischer said in an interview with the Asian Wall Street Journal. In a
      Bridge News  -  163 words
    • 325 6 Chaebols warned not to offer cross-debt guarantees for loans AFP. Reuters [SEOUL] South Korea's outstanding domestic private debt has reached a staggering US$36B billion (Ss6ll billion), the Asian Wall Street Journal said yesterday. In a front page story headlined "South
      AFP.; Reuters  -  325 words
    • 176 6 Reuters (SINGAPORE! A delegation from Japan's ruling Liberal Democratic Party (LDP) met Singapore Deputy Prime Minister l<ee llsien Ixxmg yesterday to discuss Asia's economic crisis. But spokesmen for the two sides gave no details of the meeting with Mr Uh\ who is also chairman of
      Reuters  -  176 words
    • 358 6  -  Lu Ning |SINGAPORK| The negative impact of the regional financial crisis on China "is economically manageable" without any devaluation of the renminbi, a top German industrial executive has said, adding that the reform of China's state-owned enterprises would also benefit. Martin Posth. who
      358 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 203 7 H R jjfl H f j lil J Ji T I I li Y*j Til Ji 4 J» II I ,-kkr' II i ISfrli IdtaL S HBftb j r mm Kk II JBLsi "The companies receiving the inaugural ITAs (1996/97) have 1 demonstrated... that they have stayed ahead of competition,
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  • Page 8 Advertisements
    • 219 8 A B C D E F G H Just one move, and we've got you covered. Our customers and partners are a significant part of our expansion as we make the strategic investment Into an additional office in UE Square. River Valley As we take the lead in leveraging information
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  • Page 9 Advertisements
    • 270 9 The AH NEW GS3QO Like those who drive a Lexus, those who engineer them also relish the feeling ol staying at So at every twist and at every turn, you'll find that the GS responds with a mature and least one step ahead. Which is why the all new 1998
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  • FOCUS
    • 1776 10  -  The main task for Thailand's new foreign minister is to win back international confidence to overcome the country's financial crisis By' Yang Razali Kassim The writer is BT's regional analysis editor [SINGAPORE] IF Thailand's new foreign minister Surin Pitsuwan becomes prime minister one day, one
      CHRIS LOH  -  1,776 words
  • Page 10 Advertisements
    • 58 10 m Ml SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Removal of foreign share ownership restrictions and the merger of the local and foreign shares of Singapore Press Holdings Limited Pursuant to a Scheme of Arrangement involving a special bonus issue of new shares to shareholders Financial Adviser
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    • 303 10 LfcjfciwytJ KTS headboard rays KTL headboard with noodM matching (he bedspread vrth rays frame m txac* white or maple-tree cherry coloured j I I i rn 1* Composium Br I MbUMBwl alia Wm JmmKM Composium otters a variety of headboards and KTG i plain. KTK 1 with tnm. Period headboards
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  • THE WORLD
    • 453 11 WASHINGTON Bnt report urges vigilance against inflation in the light of low unemployment Bloomberg US PRESIDENT Bill Clinton's economic team sess no sign the seven-year-old US expansion is in danger of stalling, though his annual economic report to Congress says the low
      Bloomberg  -  453 words
    • 220 11 BASEL No risk of big failures in Asia's banking system: Tietmeyer Bloomberg THE Group of 10 central bank governors expect the world's industrialised countries to recover following the slump in South-east Asian economies. Bundesbank President Hans Tietmeyer said. Mr Tietmeyer. speaking
      Bloomberg  -  220 words
    • 331 11 LONDON AFP BRITISH Prime Minister Tony Blair is mobilising world leaders behind a campaign for urgent action against the "millennium bug", after a warning that it could cost £250 billion (SS6BI billion), The Independent reported yesterday. Many computer systems are unable to distinguish between
      AFP  -  331 words
    • 320 11 LONDON FT ENOCH Powell, who has died at the age of 85, was a dedicated intellectual, a scholar, a politician of influence, a British nationalist, an early imperialist who in later life became an isolationist and, if high ministerial office be the touchstone, an
      FT; REUTERS  -  320 words
  • Page 11 Advertisements
    • 205 11 r c r shcd rficcs for 5h,,r, and i,,ng up-and-coming Riverfront district. c r m Exclusive business address CONVENIENCE Complete secretarial support from Business riA** to OhAfttAn uu«# Ar-K-rH a~»A Support Services Centre with conference Close toShenton Way, Orchard Road, rooms and f aci ities available Suntac city Convention Centra,
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    • 6 11 Zaobao X'' S -S i «d)>l§4>£»
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    • 64 11 M M Diabolo de Cartier pen Hand-cnfted 18 carat gold nib. different vv idths of nib. Prices range from ***** For Valentine's Day THE ART OF BEING UNIQUE artier boutique/ Singapore Millenia Walk. #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel:
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  • EDITORIAL & OPINION
    • 806 12  -  THE BOTTOKUME OPINION By Ronnie Lim The writer is BT's trade and industry edit(jr THINGS are no longer "swinging" at Singapore's refineries, once collectively touted as the regional swing centre geared to take up any supply slack in oil products. Today, the
      806 words
    • 129 12 'For the government to choose sides in a highly competitive industry is unfair and unnecessary.' -Bill Gates Microsoft Corp's chairman, in a letter to Microsoft s 25.700 employees and 1 million shareholders, explaining why he was taking a firm stand In the US Justice Department s antitrust
      129 words
    • 677 12 EDITORIAL THE real message in the belated signing of the Ja-pan-United States civil aviation pact is that there will be no free market in flying until the principle of reciprocity is taken to its logical conclusion: when American skies are also fully open to the
      677 words
    • 1186 12  -  Australia's farmers' federation is backed by Canberra in its fight against the dockworkers' union Peter Lynch The writer is a Sydneybased journalist wflp contributes to BT IT HAS become almost as much a ritual as the cricket season or the rugby league: Australia's ports are again the centre
      FILE PHOTO  -  1,186 words
    • 862 12 Bnda eaanotjaattfy ths twain THERE is an irony In US President Clinton's being the victim of grand jury leaks that violate the rules. On issues of civil liberties, he has been a tone-deaf president. He has al lowed shameful infringements of constitutional rights. Including the virtual
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  • Page 12 Miscellaneous
    • 52 12 DOOMESBURY By Garry Trudeau ANPAffiX LUNCH J VB ONLY GOT Five DAYS TOG&H- v thought i&ppeamm MNP&RJL YEAH.UKZ. jfr THejFEei POeSTHAT SOUNDS LIKE THAT, HOLIDAY, FULL OF ALL TUB SPB- KIPNAPJfe SOUNPUK3FUN, I SORING.) I SM/££TH6ART... J CIAL THINGS ABOUT CHR/STMA& I PING IS SO CU f ?OPX jHAT ALWAyS
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  • Page 13 Advertisements
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    • 187 13 Marketsquare I RESTAURANT FOOOCOURT WINE CELLAR Theme Resduirant Foopcourt JaUniine/'si Sel c Wlmu i y %>iy++ I SOUP SALAD V*-*-jfr MAIN COURSE .SB ipVl Filet 'Mignon' with 0 Shallot Red Wine Jus OR Salmon Fillet' Rose' .fcj". w»f/) 'Bell-Pepper' Sauce Slipper Lobster 'Oscar' with Prawn Bisque DESSERT COFFEE or TEA
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    • 194 13 Enjoy Western dishes and Asian Cafe Vienna Open from 6am to lam. its popular buffets for lunch, btgh tea and dinner are among the best— C ROW NE PLAZA SiNOMOii humeri) the H\.st 11 didL\ Imm i.*mmi Pl*:* hmr mcrtrttmmt. ple.t* tall 7 J/-79JJ W/i Kmstd. \,m K *fimn JJKJAI
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    • 245 13 Buy It. Sell It. Find It. Classified. CATS Call Today For Results Tomorrow. 1300-*****66 Savour tantalising set-dishes from BBQ Ribs. Mushroom lasagna, seafood planer, Italian Genoa-baguette to N>\m>a laksa, seafood hor-fun, chicken prawn cla>pot and fried vegetarian planer and complimented with soup, salad and more at the Cafe Victoria from
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    • 174 13 J{ RMriny'flavYtArtfeUfnitiiH AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we.usher in the Year of the Tiger this Lunar New Year season Call 831 62t>2 for more details. Singapore "J 3.V CVvhjrJ Road. Singapore MM(? Tel *J74-»i» a eEn| Chinese New Year Prosperity Bufeet 28 Janu.tr>
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  • Page 13 Miscellaneous
    • 746 13 TV&RADIO Premiere 12 30 Team Knight Rider 3.00 CDIS. -tin Choctaw L-9. 4.00 ChinnaChinna Aasai(r). Artft ra m m nS 10 30 New s 5 Tonight. 4.30 Chinna Kuyili (r). J I™ KK ml! n i k Ilo Business Da y 5.00 Akkani Pakkam. •aoo Si UM Insight. 5.30 Iniyavai
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    • 187 13 CRYPTIC CROSSWORD 1 M Uti f I I P 4 I 5 k I p~~ of a two-wheeler (6) 23 Found out that duke has Insur ana* (10) and heal (8) YESTERDAY'S SOLUTION 24 Non-clerical one left In charge 7 Sarcastic these days with the going round (4) nymph (5)
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  • EXECUTIVE LIFESTYLE
    • 1175 14  -  Britain's fiercely competitive newspapers seem to trust no one but the late princess to captivate gossip-hungry readers, writes warren hoge WARREN HOGE NYT WITH Diana gone, a now press code in place and the comparatively straight-laced officials of Prime Minister Tony Blair's new Uibour government offering
      NYT; FILE PHOTO  -  1,175 words
    • 691 14 YACHTING Entry fee of U*****,000, due to the record 16 challenger clubs NYT [NEWPORT. Rhode Island] When a U*****,000 (*****.875) entry fee. in the form of a letter of credit, came due on Jan 31 for challengers to the America's Cup. one of
      NYT; FILE PHOTO  -  691 words
  • Page 14 Advertisements
    • 128 14 It could be any number of K 1 fT anniversaries, ISO certification, pages but the cost of a special X wJIJLJL 1 A ground-breaking ceremonies feature in our newspapers and topping-up ceremonies, will remain the same for you: $0. We will Since you have so much to gain and nbthing
      128 words
  • Page 14 Miscellaneous
    • 152 14 TUi! WEA'ftuatt Hingaporw Fair and occasionally windy. Temperature (31-25) AaU-Fftctflc HVbo* Good. Europe Hl/Lo* Good. Ajaerka Hl/Lo* Good. AurUand Jti IS (loud) Kmsu-nlam «U2 Showers Buhhjs Airw *115 rnonn H«n*.* 34 IS (kh Aim 12/0" (loud) 11 I lB H«*iW -1/-10 Sunn) Herla 03,2 Shcmws ChkW »*1 Hood) Hunt*y —11/18
      152 words

  • COMPANIES & MARKETS
    • 518 15  -  ST Capital to raise $57m through 1-for-l rights issue at 40 cents a share Reports by] David Boey [SINGAPORE] Singapore Technologies Industrial Corporation has agreed to sell its stake in loss-making ST Capital to its parent company for $40.4 million,
      518 words
    • 493 15 [SINGAPORE! ST Capital yesterday announced a hefty $26.5 million after-tax loss, way beyond the $18 million revised forecast it made last month. The loss, which amounts to more than one-third its capital and reserves, was caused by the regional financial turmoil, in particular
      493 words
    • 952 15  -  HOCK LOCK SIEW Anthony Rowley FINANCIAL markets are convinced that Japanese banks have been cooking their books for years, and that Finance Ministry inspectors have been discreetly looking the other way while bankers tried out their recipes for creative accounting. But
      952 words
    • 580 15  -  Variations in forecasts hinge on provision levels //v Clarissa Tan (SINCiAI'OKKI Analysts ex l*?ct the Hit; Four banks to post average earnings growth of to 7 per cent for 1997, a far cry from the double digit jumps they had predicted
      580 words
    • REGIONAL COMPANIES
      • 602 16  -  Deal will not benefit HK Telecom in terms of getting into the Chinese market Fromi Quak Hiang Whai in Hongkong STATE-controlled China Telecom Group moved a step closer to taking control of Hong kong Telecom yesterday when it paid HKJI2.B billion
        602 words
      • 290 16  -  By, Annette Pau [SINGAPORE] Mainboardlisted Datacraft Asia is raising U5539.2 million (Ss6s million) through a placement of 16 million new shares at USS2.SO each to repay bank borrowings and to boost working capital. company officials said yesterday. The 10-cent shares were priced at a 4.6
        290 words
      • 167 16 [SINGAPORE] Investors gave Hotel Properties Ltd's divestment of Australian retail chain Brashs the thumbs up yesterday. llie HPL stock rose eight cents or 7.4 per cent. Volume was a healthy 3.08 million, or nearly three times its 10-day average. HPL announced over the weekend
        167 words
      • 280 16  -  ////< Conrad Raj (SINGAPORE) Sembawang Corporation yesterday announced that it had sold five million shares or 3.59 per cent of Jurong Shipyard Limited. The diversified govern-ment-linked group gave no reason for the sale but the disposal at $7.43 a share would have raised
        280 words
      • 205 16 Reuters |SYI)NKY| (tlobal media group News Corp Ltd hit a new all tune high on the Aus trallan Slock Kxcliange yester day following last week's earnings report and continued success for the movie Titanic. News Corp shares closed up cents at As 9 .15
        Reuters; FILE PHOTO  -  205 words
      • 570 16  -  Analysts are divided if it is a wise move for the gaming company /if/: Meera Tharmaratnam in huaUi Lumpur CASH-RICH gaming company Bhd's decision to take up a 22.25 per cent stake in independent power producer Powertek Bhd may be part
        570 words
      • 370 16 Bloomberg [KUALA LUMPUR] The Malaysian government's top economic adviser, Daim Zainuddin, said the number of brokerages in the country may have to be slashed by three quarters. According to executives who attended a meeting with Mr Daim last week, he
        Bloomberg  -  370 words
      • 340 16 Bloomberg |MKI.II()I)KNK| Foster's Brewing (Jroup Ltd. Australia's largest brewer. said first half profits Toll a lower-than-expected one |H i r cent as its rising tax hill otTset profit gains in its domestic brewing and wine making unity. The Melbourne-based hrewer of Victoria
        Bloomberg  -  340 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 444 17 USs3oom is due this year, with the rest in 1999 and 2000 AFP [BANGKOK! Thailand's crippled Siam City Bank pic is to ask foreign creditors to roll over its massive debt, the bank's chief said yesterday, just three days after it
        AFP  -  444 words
      • 258 17 Reuters [AMSTERDAM] Philips Electronics NV should turn a small fourth-quarter loss in 1996 into a net profit from ordinary operations in excess of a billion guilders in 1997 with contributions from all its units, analysts say. Analysts* forecasts for fourth quarter
        Reuters  -  258 words
      • 494 17 3 firms in his stable and Commerce Asset to resume trading Bloomberg [KUALA LUMPUR] Malaysian financier Abdul Rashid Hussain may be in for a long tussle to get control of the country's sixth largest bank. Bank of Commerce. Three companies
        Bloomberg  -  494 words
      • 242 17 Bloomberg [BEIJING] Royal Dutch/Shell Group said the Chinese government approved a LSS4.S billion fS$7.4 billion; chemical plant, the biggest-ever foreigpfunded joint venture in China, eight years after the first contract was signed. The Dutch company will lead construction of an 800,000-tonne per year ethylene
        Bloomberg  -  242 words
      • 265 17 FT |NEW YORK| PacifiCorp, the US electricity group. is planning to buy lip to 29.9 per cent of Energy Group's shares in an attempt to see oil any attempt by rival suitors to outbid its £4.05 billion (SSI 1 billion)
        FT  -  265 words
      • 335 17 Third straight fall, bat airline says prospects still strong Bloomberg I LONDON British Airways file said profit fell 24.5 per cent in its fiscal third quarter, held hack by the strong pound and lingering effects from a flight attendants strike last summer. Europe's largest airline
        Bloomberg; FILE PHOTO  -  335 words
      • 184 17 Bloomberg (TOKYO] Hitachi Ltd, Japan's largest maker of electronics, said its group net profit forecast of 89 billion yen (Ssl.lB billion) for the year through March will be difficult to meet. "It'll be difficult for us to achieve our earnings target of 89
        Bloomberg  -  184 words
    • FINANCE & COMMODITIES
      • 454 18 Chairman of Senate banking committee wants fall accounting of Holocaust accounts FT [NEW YORK] The merger of Union Bank of Switzerland and Swiss Bank Corporation, the world's largest banking acquisition, should be blocked until the two have made a "full accounting" for the
        FT; FILE PHOTO  -  454 words
      • 399 18 Interest rate squeeze expected to hit CBA's first half results Reuters [SYDNEY] The ever-tighten-ing squeeze on interest margins is expected to force first half profits from Australia's largest home lender. Commonwealth Bank of Australia (CBA), down about 4 per cent, analysts said yesterday.
        Reuters  -  399 words
      • 195 18 Bloomberg (AMSTERDAM) ABN Amro Holding NV said that starting yesterday its investmentbanking units win operate under the name ABN Amro, dropping the names Hoare Govett. Chicago Corp and others to present a more uniform image. The only exceptions will be Alfred Berg in
        Bloomberg  -  195 words
      • 206 18 Bloomberg [NEW YORK) Industrial Bank of Japan plans to sell USSI billion (SSI .7 billion) of preferred securities In the US to bolster its depleted capital base, according to people familiar with the transaction. IBJ will follow Sumitomo Bank, which sold US$l.B billion
        Bloomberg  -  206 words
      • 236 18 Simriii Report Reuters [SINGAPORE) Slmex Euroyen and Japanese government bond (JGB) futures firmed yesterday despite a Japanese Liberal Democratic Party (LDP) member's calls for an extra 1998/99 budget. Dealers said Euroyen futures were boosted by a drop In the overnight call loan rate. The December contract
        Reuters  -  236 words
      • 172 18  -  M 8& TAIWAN FUTURES By Charlie Kuo day. By Charlie Kuo, Service Dealer, Refco S'pore Pte Ltd (SINGAPORE) Slmex MSCI Taiwan Stock Index futures failed to sustain their early gains yesterday as some electronics firms announced disappointing January sales figuros. The February contract
        172 words
      • 248 18 EMEROY REPORT Reuters [LONDON) Opec oil producers lifted output In January as some member countries pumped more to meet higher output quotas. January production from Opec Jumped 510.000 barrels a day (bpd) from December to 28.05 million bpd, a survey found. That is easily
        Reuters  -  248 words
      • 296 18 Reuters London THE US dollar was trapped against the mark by mid-ses-sion in Europe yesterday with traders mesmerised by the possibility that opposition to European economic and monetary union in Germany could spell a delay to the project. Assumptions the single European currency will be, launched in 1999
        Reuters  -  296 words
      • Article, Illustration
        1035 18 DtTBEBAWt CROSS KATBS "7^9 as a ca> r» m *m mm tm 62S**t» m» s$ —< t$ us$ AatrtfU 0.H1 1171 05* 4069 12* 1197 26.003 ***** 0537 10.453 2575 IW 29.617 ***** UT7 1297 0.900 22.06 32.070 0.409 0571 C4M*4 L040 5.797 0.64 4233 1263 5.406 27.*****522 0-171 *574
        1,035 words
    • 1576 19 SI COM FUTURES FebS RU88£R (Marts closing at 5J0pa) RSS1 CONTRACTS cMts/kg) ClOM Vo(wm Open Moth High Low Sttt (tonts) tattrwt M* 128.00 75 200 Apr 98 138.00 132.00 132.00 725 3800 M*V 138.00 137.50 135.75 425 4025 JM 98 138.00 137.50 137.75 425 3500 .M/S* 98 148.00
      1,576 words
    • 2308 19 LONDON MntrWi Nn Grove 522 3 AB Ports 296 2 AM>ay Manor* "214 -51 AlhM Domacq S66 -3 Amae P9 -2 40C AsdaGroue -95 84CC BAT ind 590 2 600 BG Pie 3-4 600 400 BtCC '-42 3 40C 80CGro<# 972 -3 BP 8" 4 -3 BTR
      2,308 words
    • 1634 19 AFP Bmkhias *im» JAPANESE share prices closed higher yesterday due to approval in the Diet's Lower House for a financial rescue package and hopes of further help for the economy. Brokers said sentiment was buoyed by Friday's approval of legislation to help the financial sector and on expectations that
      AFP  -  1,634 words
    • Article, Illustration
      1844 20 AFP H Hang Seng +387.29 SHARE prices surged 3.7 per cent to a 1998 high on robust buying yesterday after a strong week-end performance on Wall Street and a steady easing of interbank interest rates here, dealers said. "Sentiment has mainly been improved by an easing of interbank interest
      AFP  -  1,844 words
    • Article, Illustration
      712 20 Reuters Shenzhen B Index *8.48 STRONG gains on the Hongkong stock market sent Shenzhen's B share index to a sharply higher close vester day. th»* first trading clay after the Chinese* New Year holiday. The H share Index surged its lO|iercent limit of 8.48 points toH».18«n turnover of llKs26.r>
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  712 words
    • 406 20 AFP WP Index -4835 STOCK prices slid 0.6 per cent yesterday as late selling wiped out early gains amid profittaking on technology issues, dealers said. "Institutional investors ad justed their holdings after huge gains last week." said a trader. "Technology share prices had rallied to a level where there
      AFP  -  406 words
    • 276 20 Reuters Q Wellington +15.19 SHARES shook off a slow start yesterday to end strongly. "It was a very strong day and on good volume for a Monday," a trader said. The NZSE-40 Capital Index, after starting the day square, ended up 15.19 points at 2,257.97 on turnover worth NZ$7B.4
      Reuters  -  276 words
    • Article, Illustration
      893 20 AFP n SET Index -5.48 SHARES closed lower yesterday after a volatile day of trading as investors took profit in blue chips following recent surges on the market. The SET Index lost 5.48 points at 530.50. Turnover was 228.7 million shares worth H.l billion baht. Falls beat rises 217
      AFP  -  893 words
    • 482 20 AFP Q Composite Index +1L54 SHARK prices closed 2.1 per cent higher on brisk buying of blue chips yesterday. Second liners also gained robust support from retail investors, but institutional selling stemmed further gains. "Trading in second liners was active, which represented 51 per cent of today's total volume."
      AFP  -  482 words
    • 659 20 AFP rl All Ordinaries +29.2 SHARE prices closed 1.1 per cent higher yesterday as resource stocks outperformed industrial stocks in relatively quiet trading, brokers said. "It was a very dull market. New York closed at near-re-cord levels on Friday which flowed through to most Asian markets." said a broker.
      AFP  -  659 words
    • Article, Illustration
      715 20 AFP Q Composite Index -&18 SHARE prices dropped 1.2 per cent yesterday in a technical correction, with the market unmoved by reports of social unrest and street protests, dealers said. "I do not think the market was that concerned. It is just people expressing their opinion, as long as
      AFP  -  715 words
    • 371 20 AFP Manila +1191 SHARE prices gained 0.7 per cent yesterday on buying of blue chips, analysts said. "The market is up because of the blue chips," said a trad er, adding that second liners are "in a correction stage right now". The PSE Composite Index gained 13.91 points to
      AFP  -  371 words
    • KUALA LUMPUR STOCK MARKET
      • 583 21 AFX-Asia Composite Index -0.79 SHARE prices closed mixed in heavy trade yesterday amid continued interest in financial stocks and some forced selling and profit-taking. Dei lers said support for Financials in tens Lieu u.. positive response to the central bank's cut in statutory
        AFX-Asia  -  583 words
      • 9719 21 INDUSTRIALS Consumer products 1998 Last Vol Day N«» Cap H>fl> L— CoMMHV Sat* 'OOO High Low P/C JmM 310 180 Aiinomoto 304 '4 3d 110 2<>o 16 8 '2 3 2 14a 73 Angkasa —.137 4 358 148 136 3 2 202 0 280 123 Apollo Food Hlg 270 25
        9,719 words
    • WARRANTS & OPTIONS
      • 184 22  -  WARRANT WATCH By R Sivanithy THERE seems to be some confusion over he exact status of Osprey Marltime's redeemable convertible cumulative preference shares (RCCPS) which were fea tured In this column last Saturday. The confusion lies in the $1.81 conversion price, which we understand. Is not
        184 words
      • 4041 22 BONOS, LOANS WARRANTS 97 8 Lait Vol Day Last Quota A»g "NW L »«"o Company SM ♦or- COOO) High Low Buyor Sailar Prlc* M 9 m 3000 mAMOBc5.5%*****6 195 *10.5 115 23 195 ~1»S 21 8' 8 3160 "Acar W*****1USS 16.5 -1 131 20 14.5 15 16 5 131 8.5
        4,041 words
    • 2571 22 Transaction Date :Feb 9 I MALAYSIAN STOCKS Qf Qf W7/98 tact 2#. l*«i ox ox rw N«t m cap Mun La» Stfw CgWgPy S— 'OOC, L»« 8w T y t—» H C-»T H P/t tm« 478 28 msSOOC ASBSO: r? -S 32 --2 "4 8 51 3J 09
      2,571 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1600 23 TURNOVER COOO) VALUE ('OOO) Mate Cla» Total Matn Ctoa Tatal lixhtftnaf 247,142 391.362 638.504 J39.50? 269,700 605.206 Financa 25.673 141,260 166.933 117.978 111.591 229.569 HoWS 11.281 12.735 24.016 14.941 7,173 22.115 ProparMas 17,950 192.760 210.710 55,313 103.556 158,871 Plantation 33.580 33,580 32.027 32,027 Mining 7,152 7,152 fc467 6.467 8tW 14,897
        1,600 words
      • 5299 23 Transaction Date: Feb 9 Q( Qf III m ..J?* 7 8 Latt Vol Day Last Ou«L Dl» OI« VM Nat Cap A.g **<> S»N« Company Sal* COOO) High Lav Buyar Sallar H Cyr Pit »mll Prtca —UITUALI 157 1*5 a 1020 ACE Dynamic s60c 43 J 247 43
        5,299 words
      • 923 23 \997tf y«« 0«y Last Owot* CM* otv VM *41 C«p Ar<g 0 Compwy S4I4 1000) Ml** L4» Buyer Cw P/I Jm4 PrKt tttftftft ■U !J 21 i UJ w* >0 60 oi ITTi mi u* AS AutoKk 200 -IT 401 2)1 20) 2OH 210 DON $0 0 7 17)
        923 words
      • 225 24 Stocks Volume •Renonq Bhd 50c 88,675.000 •Rekapacific Bh 65,098,000 *MBf Capital 55,221.000 •Kemayan Corp 44,412,000 •Renonq Wt 00 35.434,000 •Innovest Bhd 31,158,000 Easyknit HKIOc I 30.382,000 *M Resources 30.292.000 *MBF Land Bhd 29.603.000 Nippecraft 10c 28.739,000 Stocks •Renonq Bhd 50c 61,196,843 •MBf Capital 42,922,815 SIA Foreiqn 39,507,015 JurongShip 50c 37.653,150
        225 words
      • 661 24  -  STOCK MARKET COMMENTARY The ability of stock prices to withstand the bouts of profit-taking suggests that the trend is upward for the present moment tin R Sivanithy (SINGAPORKI The local stink market yesterday withstixxl waves of selling pressure to emerge relatively unscathed
        661 words
      • Article, Illustration
        62 24  -  by Shiv Taneja FACB closed 0.5 higher yesterday at 32.5 cents on a volume of 9.36 million shares, compared with its 10-day traded average of 2.5 million units. The counter has run up a fair bit over the past month or so, but according to the weekly MACD
        62 words
      • ON THE GRAPEVINE
        • 148 24 THK study of George Soros has become the latest fad to hit the southern Chinese city of Guangzhou in the Year of the Tiger, thanks to the recent financial turmoil in the region. Not only does his name crop up regularly in the local press, books
          148 words
        • 105 24 AND while we're on the subject of George Soros, the financier and philanthropist was heard propounding his view about the inherent instability of financial markets at the World Economic Forum meeting in Davos last week. Mr Soros said that economists who have been teaching people about
          105 words
        • 121 24 MALAYSIAN Resources Corporation Bhd (MRCB) is poised to play a bigger role in the country's banking sector. The politically well-connected group holds the key in the merger talks between RHB Bank and Bank of Commerce due to its substantial shareholding in the parent companies of both
          121 words
        • 153 24 HONGKONG IPOs and properties may not be commanding the heady pre-crisis prices they were fetching last year. But at their new bargain basement levels, turnover is booming. We're not sure what Sino Land planned to tell pressmen at a news conference yesterday but they sure
          153 words
        • 88 24 A BT reporter has had a personal encounter with the millennium bug, which occurs because some computers cannot distinguish between the years 2000,1900, 1000 etc. because they use only two digits. After dining at a restaurant in Europe, our man on holiday tried to
          88 words
  • Page 15 Advertisements
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      162 words

  • Page 16 Advertisements
    • 429 16 Workshop on Business Mandarin With Special Emphasis On Communicating In Financial And Accounting Terminology Worried about Chinese financial statements with their unfamiliar terminology? Embarrassed about not knowing how to ask those simple questions regarding financial or accounting matters in Mandarin, although they are very familiar to you in English? Concerned
      429 words
    • 92 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
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  • Page 17 Advertisements
    • 172 17 THE ART OF 'faff* PAMPERING ft IS KNOWING p WHEN LEAVE OUR GUESTS kA 1 Jf s s>-%''3wRWWHBiHBV" Contemplate the day in the serene comfort of our plush Uvtng Room, unperturbed by the rest m of the world. Quietly confident that an unparalleled level of service is only a gesture
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  • Page 18 Advertisements
    • 166 18 KHATTAR WONG PARTNERS -IHiXWtSMi is pleased to announce that as from 8 February 1998 its associated firm in Hong Kong K. W. POON PARTNERS will be known as KHATTAR WON<S PARTNERS and will continue practice under that name Khattar Wong Partners (KWP) Hong Kong will be managed and operated by
      166 words
    • 24 18 I found a car pool mrßSt t^,rou Straits VHF i Times Classified. They help me L do my part to save f/ie earth. cvrs.
      24 words




  • Page 22 Advertisements
    • 85 22 calling about f See...l told The card we're I the computer I you this was a J making for Susan I I advertised in I 1 deal. J Yup, we got what is going to be J Straits Times/ f s 1 we wanted because real nice! Class ified.^X,—( lt
      85 words


  • Page 24 Advertisements
    • 504 24 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that. I Gurdeep Kour of Blk 716. #08-51 Clementi West. Street 2 Singapore *****6. have applied for a Public House Second Class Licence in respect of \!/s Sitara Restaurant located at 291, Serangoon Road Singapore *****1. and that
      504 words
    • 319 24 NOTICE IS HEREBY GIVEN that. I Ramachandran s/o Thankavelu of Blk 503 Central I #04-0295 Singapore *****3, ha\e applied for a Retail Beer Shop Licence in respect of M/s Shaktivel Trading located at Blk 640 Rowell Road #01-0058 Singapore *****0, and that this application will be considered by the Liquors
      319 words
    • 335 24 NOTICE IS HEREBY GIVEN that. I Chin Yi Fong of Blk 409 Scrangtxw Central #11-301 Singapore *****9. have applied for a First Class Liquors Licence in respect of M/s Nautical Cafe located at 902 East Coast Parkway Singapore *****4. and that this application will he considered by the Liquors Licensing
      335 words
    • 331 24 NOTICE IS HEREBY GIVEN that. Tan Sing Richard of Blk 433. Clementi Ave 3 #13-63 Singapore *****3. have applied for a Public House 2nd Class Licence in respect of M/s Fiesta Japanese Restaurant located at Suntec City Mall. No. 3 Temasek Boulevard. Unit B No. #81-062 Singapore *****3. and that
      331 words
    • 269 24 NOTICE IS HEREBY GIVEN that. I Toh Chin Yew Joseph of Blk 360 #10-356 Woodlands Ave 5 Singapore *****0. ha\e applied for a Retail Liquor Shop Licence in respect of Nl/s Tiffany Hampers Gifts Pie Lid located at 59. Jalan Pemimpin. L&Y Building #02-01 Singapore *****8. and that this application
      269 words

  • SHIPPING TIMES
    • 314 25 Bridge News, Reuters THERE was some talk that rates have found a bottom, but the suggestion remained hesitant though with the weekend approaching, owners were showing signs of resistance. Even charterers said that owners had nothing to gain fixing yesterday but just might by next week. The Baltic
      Bridge News,; Reuters  -  314 words
    • 290 25 »mhkm -m m s$ m CWTOMMn.OiH *0409 IN Oman Hup 050 -0.025 144 Co*colo»»Hwwil .0.795 *0.01 44 Frataht Unto 0.365 iMi DU tlW** 0-325 -0.035 TI3 Mai Sun Hup 0.555 -0.02 347 HrtacM Zosan 0.4 -0015 54 IMC HoMingt 5.4 Jay* HoMngs 0.45 uncfi 54 Juran. Shipyard 7.7
      290 words
    • 462 25  -  Move strengthens shipping giant in Australasian refrigerated trades /■Yom David Hughes in London P&O Nedlloyd has bought UK-based Blue Star Line for £60 million (*****.5 million), in a move which will significantly strengthen the AngloDutch container shipping giant. especially in the
      462 words
    • 461 25  -  Union members walk ont to attend nnion briefings on Melbourne dispute From Jerzy Farynski in Sydney MAJOR ports in Australia came to a standstill yesterdajj as dock workers in Sydney. Adelaide and Fremantie downed tools to hear reports and express their anger at what
      461 words
    • 474 25  -  Intl Container, Asian Terminals say move doe to peso's fall against US$ Prirm P T Bangsberg in Manila A SHARP rise in cargo handling charges is on the cards at the main Philippine port, though operators fear it may be a
      FILE PHOTO  -  474 words
    • 199 25 Lloyd's List |TOKY()| Single hull VLCCs navlgatlnK the busy liny of Tokyo hit now subject (o onboard ship Inspections as part of a new safety campaign In response to last summer's oil spill In the area from the tanker Diamond Cracv The 140 member
      Lloyd's List  -  199 words
    • 422 25  -  But no date for shift has been set, chief financial officer says /If,] Marcus Hand |SINGAPORE| Swedish tank er company ICB Shipping Is still planning to move Its operations to Singapore, after fighting off a hostile takeover hid. Karl Molander, ICB's chief
      422 words
    • 254 25 (SINGAPORE) Knud E Stubkjaer, Maersk Line's chief executive for Asia, is leaving Singapore to take up the post of executive vice-pres-ident and head of AP Moller's liner division in Copenhagen. The appointment follows the sudden death from a heart attack of
      254 words
    • 1190 26 HONGKONG PORT Competition for traffic is heating up around HK, and it will have to work hard to stay the No 1 container port PDI HONGKONG'S premier position as the world's No 1 container port is threatened by smaller neighbouring ports, where cheaper fees and improving
      PDI  -  1,190 words
    • 257 26 PAGE EIS 14 AO. 9 Ethiopian 6 AMI 3 Eurohans 6 Accord 8 E*p Orient 14 Appcmtiip 5 Evergreen 6 8 Astro 3 FoongSwt 8 Austral 9 GUnk 4 BSA 7 Gemartrans 8 Batammdo 7 Genshpg 9 Bayswater 7 Mai Sun Hup 8
      257 words
    • 26802 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adv»rtis»r VMMl Vovum TMaohona I FT A FT* AdvartlMr t-. I 7__. ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyege Telephone SIN Destn Name Name Number Number SIN Destn Name Name Number Number A 17/02 14/03 Trlestlno EVER GRACE 0200
      26,802 words
    • SHIPS IN PORT
      • 792 39 Vossol Voy No Berth Arrival Departure J*rM* tat RMpJan 0*29* JOl «on«Ml* Of 02/2200 H 5 Wwu IFM96 JOl Jtomjiii* 09 02/1700 It Sar li *****6 JOl »<XX)W» Of 02/2100 It Saruti 4 *****6 JOl 4oa«m* Of 02/2300 Cuu Tiring ctSOOJ J04 «on«u<M Of 02/1600 CaiHoowwil 2/96 JH
        792 words
      • 1786 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookhq/Btianct litis Ship Voy No Etb/Btr Ptrlod From To From aci ximcui o on n/UM u otmoo ovnw otmoo Umny t OU V*00 24 01/1700 *5/0451 0/0*00 n oi/uoo io/o*5' n/owo n/orao a/mi b/mm 4 IO/UOO 10/1451 n/1700 MhMMII OtM
        1,786 words
      • 197 39 Fab 11 Japan: National Foundation Day. Thailand: Makha Bucha. MM United States: Washington's Birth day Holiday. F«b 23 Brunei: National Day. Luxembourg: Carnival Monday. r*b24 Portugal Carnival. Mara Greece Orthodox Lent Monday. Mar 17 United Kingdom 9t Patrick's Day. MarM Japan: Vernal Equinox Day. MarSl Mexico. Juarez Day.
        197 words
      • 896 39 THIS report. complied by Cockett Marin* OU l.td. ahowa price rang** In US doliar* Inataad of alnfl* prlrea Ibr a more cumprehanalve da •crtptlon of lh* mark*! Prlca* ahown ar* baa*d on average alaed atam Markat movement* ar* Indlcatad Th* Cnckatt Bunkar Prlca lnd*i change and
        896 words
      • 409 39 180 Mai 1016.5 0.8 MJ O.M 106 0.05 Dwttttv »alaf t.Utfu. At* AKjminlyr MhMftt Me abOM £25 1 0 0 4 1 0 MO Am 986.2 0.4 13.0 0.06 28 0.01 lt MO*" 9,20 1.0 16.6 0.10 43 0.04 />r> mm NoabQM635 3 0 0 0
        409 words
    • AIR & LAND TRANSPORT NEWS
      • 368 40 But Tnrnbull is determined that airline will weather difficult period AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd managing director David Turnbull said the airline, as well as Hongkong and the region, may yet encounter some "nasty storms ahead". Writing in the company's weekly
        AFX-Asia; FILE PHOTO  -  368 words
      • 419 40 It suffers another setback with collapse of Channel project Bloomberg [LONDOI"?] Richard Bransan may have conquered the airline business, but his other great passion trains is proving far more difficult to master. Already facing unprecedented criticism because of delays and breakdowns on
        Bloomberg  -  419 words
      • 146 40 AFP [TOKYO] Former lawmaker Eitaro Itoyama has become the largest shareholder of Japan Airlines Co Ltd (JAL). holding "slightly less than a 3 per cent stake", a JAL official said yesterday. Mr Itoyama's holding now eclipses the stakes of Tokio Marine and Fire Insurance Co
        AFP  -  146 words
      • 339 40 Italian govt assures that airline will stop undercutting fares Reuters [BRUSSELS) The European Union's Transport Commissioner Neil Kinnock said he has reached an accord with the Italian government on state airline Alitalia's pricing policy and consequently the EU executive would no longer need to
        Reuters  -  339 words
      • 1549 40 CITY UlOMl IT* FLIGHT CTO ',0804 10?) Abu CXwbi CV794 2)00 Hanoi VMM) 1)10 ¥***** 1410 MMM 6A7)6I 19)0 6A7J82 2050 74J oui njo on? ?ovo H«t T*i ro«or isao ***** ims S0229 2220 "1895 2150 Mi»% 1815 Anita<«aai SO)27 0810 U644 0121 Ho CM Mlnh
        1,549 words
  • Page 25 Advertisements
    • 23 25 Cheap neighbours threaten HE port Competition is heating up, it has to work hard to stay as No 1 container port. Page 2
      23 words
    • 4 25 Waterfront showdown, Pg 12
      4 words
    • 410 25 Nasty storms ahead for Cathay But MD confident that airline will weather difficult period. Back Page People Sooho Cho, president of Hanjin Shipping, has been re-elected chairman of the Korea Shipowners' Association (KSA). Mr Cho. who was formerly the vice-chairman of KSA from 1994 to 1996, was also the association's
      410 words

  • Page 26 Advertisements
    • 799 26 I wr ott yam 5a u m vnsa vor ju Imml mm fuJi laxjno I sm kiamuomti uwtn ij/oi u/ii M/oi ii/m boiioi ~tn ii/oi is/ii m/oi 10/01 05/ M m/m io/m UMSMT IMM 14/01 19/11 19/11 M/M 19/01 HOMttOUOAI HI M/ 11 11/01 01/01 M/ 01 11/01 14/ M
      799 words
    • 623 26 '< W />C*S "5C"55«' 6 3 I*INl!j W MnWI O t»-« Regittry 'J to.'.'Wvl Sr»oo">g V'l'y Sinjw/Ii ViM>rg A ivy,, ator Memoe's of the Sroaocxe Freight Forwaraers Assocator SfflPPlNGTDjffiSOxura Just talk to us Iris Lim 740-2044 Jarrod Leong 740-2089 EXPCXn 3xJopon 2 Hongkong 1 Moo.* 1 Koaiw* KT. *o WCX
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  • Page 27 Advertisements
    • 1025 27 I PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU IvEssa I vot Ina sin ra Iswnp I iax dim I mbw |o« mtc I«i hou mm API JAPAN 02H 05/01 07/01 08/01 23/01 27/01 21/01 28/01 29/01 29/0) 21/01 21/01 30/01 APUOMA 0211 12/01 14/01 15/01 30/01 03/02
      1,025 words
    • 2439 27 HANJIN SHIPPING USA CANADA* [RHWi/voY |mI <« UNimm/vor m w m |01 —sr I m on mat rtt owi rw rm m h. hamouog 034t u/m h/m own m/m m/m w/oT" M/ 03 m/m m/m w/m io/m io/m u/m u/m q;/m w/w m/m H.HAMUtO 034 l 13/ M 14/ M
      2,439 words
    • 102 27 ORIENT EXPRESS UNES (U.K.) LIMITED OgfJ, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE WSSa VOY SINGAPORE tOMIAY VISSii VOY lOMIAY SINGAPORE SINARTOBA 223 13/02 22/02 SINAR TQ6A 222 01/02 13/02 OOCL ADMIRAL 013 16/02 25/02 OOCL ADMIRAL 012 04/02 16/02 KEDAH 012 20/02 01/03 KEDAH Oil 09/02 20/02
      102 words

  • Page 28 Advertisements
    • 1395 28 {<£= DSR-SENATOR iml Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT Vtssa VO~ BW L£W BTIB AKT HAM BHV HJ VOKL WY ia RJ BTH OWY MAM Ml NANJN SAM FRANCISCO WMO7 10 02 27 B IIU 02 M BO] MB MM CHOYAM SUCCESS 808 10 01 ***** 20
      1,395 words
    • 1129 28 Y lnterrkat w b Sl,# hn P //www yml.com. tx* LHJ rt, KA a inn* B3!lfsßl!l!llLli!Lfl4'rm.'li'HJJll:lilJJHll BJil'Wl'U'l/iJMmU'lJmmi'JMl ARRIVAL RXH> DAY-tuboay VISttL wor lim fkt ham anr hfa sin MING MOON Ami SLD SID SID SIO SLO ICVO2 OOVtR BRIDGE A752E SID SLD SID SIO SLD 17/0? MING STAR AOOIE SID
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    • 505 28 JESSELTON LINE I SS r TILj 28*3456 MXi *****13 MUARA" LABUAN 1 vissa vot no n* vissa vot nt nt srati MUARA STOW LM Artll G4.OTT VO4I/W 12/02 15/02 AfM GLORY VO4I/W 12/02 H/02 J.FROSFB VOSI/W 17/02 20/02 IF*OSFB V0«/* 17/02 21/02 AFRtGLORT VOSI/9I 21/02 24/02 Am GLORY VOSI/W 21/02
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  • Page 29 Advertisements
    • 1275 29 IVES3CL VOY SIN BKK POU PKO PIN BLW «UW BA 1 BIK IRAN G HEY A MAT PJL-1272 11/02 20/02 EBE OLDENDORF PJL-1277 14/02 23/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAIJAN. ARMENIA, KAZAKHSTAN. UZBEKISTAN, TURKMENISTAN. KIRGISTAN, TADZHIKISTAN 5 GEORGIA VIA B. ABBAS. BIK AG£NT
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    • 1766 29 HOT-LINE TEL: *****35 SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD HZ-MMSUDG SAUS/IKGS 4205M1/43 INWARD MPT (O/O) *****65 COSTAR AGENCIES (M) SDN BHD (R NO: **********01 TQWIRJWOjO666O9)_CONVENTK>IIAt *****50/55 T/SHPMT DIPT *****25 TEL 02-07-35 ***** FAX: 02-07-*****70 VSI/VOT S»
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    • 590 29 EASTERN CAR UNER, LsJ Ea (SINGAPORE) PH ltd smuuzi IN ROUP A HEAVY UFT UPTO 122 TOWS 1 EGL (SiNGAFORE) PTE UV LOADING FOR PORT KLANG/MUARA LAEM CHABANG MV "ORANGE SKY V.78 MV "ORANGE MOON" V.98 ETA SIN 10/02/98 > 4/***** ,/02/ 8 ETA S*M 10/02/98 EtA LCB 14/02/98 JEBEL
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  • Page 30 Advertisements
    • 1360 30 EUROPtAIK/SCAKW WAVIA/H NLA* D/RUSSIA SGP RON ANW HBG THP ZEE LHV LMV TUP ROM ANW HIG PW. SGP E ROUNO RW-030 14/02 06/03 11/03 07/03 ***** 10/03 11/03 E GALLANT RE-064 21*1 20*1 22/01 24*1 11/02 E RENOWN RW-027 22/02 IS/03 16/03 14/03 16/03 17/03 11/03 E GROUP RE-067 204)1
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    • 888 30 tAI MAC-NELS S'PORE M SIA Carrier: MN CONTR LINES, INC l-fVy Vv) CW ttth IaoOSTMOOM SJBU (064) *****9 MANLA: (632) *****61 V PEMANQ: (04)*****36 BANGKOK: (662) *****67 SURABAYA: (31 >*****0 P- KELAHQ: (03) *****77 JKT. (21) *****07 MOH: (61) >***** KUCHNQ (062) *****1-3 TYO/YOK/OSA/UKB GENOA/BARCIIONA MV "ASIAN PEGASUS V.N046 MV
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    • 408 30 rca. NANTAI LINE j FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA vessel I vor I so mi 1 dw 1 err I jgaT jjjWMMItOi 004S 10/0? 20/07 24/02 M/W NAMUIftttKE 020S 16/0? 02/03 (X/ 03 02SS 22/02 02/03 04/03 W/P3 GOIDfN IXAGOU 003S 01/03 11/03 15/03 lt/03 NAMtt) PtIIKESS 020S
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  • Page 31 Advertisements
    • 576 31 i BSA it. mm MYANMA FIVE STAR LINE (Myaomoar Notional lino)' 1 loading for Yongon (Rangoon) VISSII vor SIN PKG PIN PGU smwi 79W IN PT HPA-AN 240W 11/02 MALAYSIA AGINTS: OOUSTUO SHIPPING AUNCKS KUL TR 02-03-*****00 PKL 111 02-03-*****01 PIN: TH 02-04-*****02 PGO: TIL 02-07-*****21/4 BANK LINE (A I4rvi(4
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    • 1212 31 A HYUNDAI MERCHANT MARINE CO. LTD. I row vot_ SWM W ant mWV 111 Iyism vor|MM|UH|ww|<w|HMi|wy|reiail NOl LOUTt 301W 13/02 M/ 0) 07/01 01/03 03/0) 03/03 03/0) HT OUU JO* 77/01 29/01 27/01 25/01 25/01 27/01 14/02 HYMKRIKM )10W 16/02 04/03 05/03 07/03 07/03 07/03 10/02 HYCOMOMOOOI3IOI 79/01 05/01 03/02
      1,212 words
    • 946 31 norwegon ipeoohzed oufocorners Q@g(oj(? TO NORTH AND LATIN AMERICA IVISSII VOY RAMP HtIOHT SIN LAX CRI MIA SAV lAI QRF NYC NEW »0» TAROMGA FBO4 400 Tom 6.3 M 12/02 10/03 IS/03 21/03 23/03 2S/03 26/03 27/03 01/04 OS/04 TAIKO FBO5 400 T«n 6.3 M 28/02 23/03 05/04 01/04 10/04
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  • Page 32 Advertisements
    • 793 32 BANQKOK/LAEM CHABANQ JAKARTA/PANJANO VESSEL VOY SIN SIKK LCH VESSEL VOY SIN JKT PJN ORA BHUM" 43N In Pt 13/02 DEJA BHUM 7348 In Pt 13/02 12/02 NAWTA BHUM 380N In Pt 14/02 13/02 XETHA BHUM 22SSB 12/02 14/02 SINO OCEAN OCNQ63 11/02 14/02 XETHA BHUM 22SS 12/02 14/02 BAN! BHUM"
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    • 128 32 GEMARTRANS 4 SAMJNQB WEEK TO HCM. W s VANXIMN (SOW 11/O7 It/OI MfLMH MOM 14/07 17/01 UU MUM «ON 14/07 19/01 GUAM »M 7 17/07 70/07 MOJNH DOM I 70/07 73/07 2 SAILINGS WEEK TO HAIPHONQ Visa I HOY I IN MTM XIANG SHAN 9004N 17/02 11/07 MBJNM QQ4I I
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    • 384 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****88 FAX: *****64 TLX R*****6 SJNMER CR No: **********0W Receiving Cargo at PTI Blntulu Muara rasa vgj JM mi ***** Yfi! J1 8«a IM Vflo3t 14 IS/0? 70/0? *U* VWO7I IJ-IV0? It/W E lIS/E *foo3f 1/1 I/O? 72/0? IS«r»
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    • 541 32 A ACCORD A SHIPPING PTE LTD B TIL *****15 (40 Lin**) FAX *****30 KMT UA/tG (03) 307 1001 K M OMICT ACCESS TH: *****55 (EXPORT BOOKING) HSB CUOAMG (07)35) /J/7 *****34 (EXPORT DOC), *****39 (IMPOST) ffftMK (04)*****41 USL: HTTP://WWW. ACCOSO.COM. SO UJUUtU (71)*****70 WSA/ H)tr mm 1 pot? rasin pot
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  • Page 33 Advertisements
    • 407 33 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE ~VSL VOY PORE I A DAM/ROAM |H BUNG BREMEN] ANTWERP KUTAI 27 2 il OMIT 5/3 TO AUSTRALIA FULL CONTAINER SERVICE vs. wy_ prgi Hit I BNE I SYO I Mil I «A I UK. |fflt I NOICRYSTAL VMS 2401 31«1
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    • 1109 33 ADVANCE CONTAINER LINES (PTE) LTD AO I 140 Cec s re *< #12-00, PIL Building, Singapore *****0 La TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 BANOKOK JAKARTA PORT piAILAWD H MMypg VOY SSi HOC VtM<l VOY SM JKT Tittij 11/09 wwi 14/09 O
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    • 964 33 VESSELS VOY SIN I JED I MLA LEH" HAM THP HTM ZEE VILLE D'AQUARIUS U24W 16/02 24/02 26/03 02AM 06/04 07/04 07/04 jW> VILLE DE AMTARES L24W 24/02 04/03 00/03 14/03 17/03 IMX3 18/03 19/03 VWXEDE VIRGO S24W 03/03 12/03 16/03 22/03 23/03 25/03 2MB 26/03 VILLE DE NORMA N24W
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  • Page 36 Advertisements
    • 56 36 To retrieve more schedules, Just follow these simple steps... document l) ittl ep be faxed JT iy\ %M PrBSS 1 rjjz' the port ste ste P nd ke y m the four hone number ftjf digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 OJ
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  • Page 39 Miscellaneous
    • 130 39 LEGEND: R Thunderstorm Temperoture c Shower Weother Wind direction wrth speed in knots ee Rom V-x Cloudy Sky Wov h h S-*K. winds ore indicated by arrows which fly with the wind One fuK circle represents calm or kght and vor.oble wmds One hoH Heche represents 5 knots I—One Ml
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  • Page 40 Advertisements
    • 74 40 -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740*6000 Press "1" key in Document Code Key in fax number Enter pur phone number I 13iBtel[. n ITTIR WAV. II No static No cross talk No channel delays M No eavesdropping
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