The Business Times, 9 March 1998

Total Pages: 44
1 44 The Business Times
  • 10 1 TheBusinessTimfS MITA(P) 110/12/97 85c SINGAPORE Internet http://www.asial.com.sg/biztimes MONDAY, MARCH 9,1998
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  • 679 1  -  Tough stance comes after IMF postpones decision to release USs3b funding From S N Vasuki in Jakarta PRESIDENT Suharto yesterday upped the ante against the International Monetary Fund by declaring that the "liberal" economic reforms prescribed by the IMF are not in
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  • 1052 1  -  From Yang Razali Kassim in Jakarta AS President Suharto prepares to be re-elected for his seventh straight term tomorrow, with Dr B J Habibie as his new vice-president, an intense tussle is raging behind the scenes to influence the shape of
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  • 455 1  -  By] David Boey UPGRADES that restore the punch to ageing Russian fighter aircraft and combat helicopters. Retrofittings that add capabilities and give a new lease of life to old Russian military transports. These are projects that engineers and weapon systems specialists
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  • 112 1 The March 7-8 1998 Weekend Edition of The Business Times carried on page 10 a photograph with the caption "Money back for BNI depositors". Below this caption, there was an article stating that BNI is one of the
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  • 450 1  -  Market talk points to EPF as buyer; UEM also likely to tap bond market for USs4oom From Ruth Wong in Kuala Lumpur DEBT-LADEN construction group United Engineers (Malaysia) Bhd (UEM) is selling a 20 per cent stake in Projek Lebuhraya
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  • Page 1 Advertisements
    • 155 1 mama uommercuu vomcies resale prices U fall Resale prices of commercial vehicles are likely to take a beating hi the wake of changes to the vehicle road tax structure, Pf 2 <• m Hr UMgOWBfI Property group Liang Court Holdings is expected to write down around $30 million on its
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    • 39 1 IMF delay may stall Indon manufacturers, Pg 4 |L. '-^f-ilSt J^pvi v^l a |9L IMf B^^Br' j& CHANEL EXCLUSIVELY AT CHANEL BOUTIOUES NQEE ANN CITY 391 ORCHARD ROAD. SINGAPORE TEL *****20 ISETAN SCOTTS. 350 ORCHARD ROAD. SINGAPORE TEL *****21
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  • SINGAPORE AT HOME & ABROAD
    • 453 2  -  New road tax structure likely to affect private, tourist buses the most By i Christopher Tan RESALE values of commercial vehicles are likely to take a beating in the wake of changes to the vehicle road tax structure. The most affected will be
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    • 398 2  -  Go to LTA website and enter car number to find ont new tax By\ Siow Li Sen THE new vehicle tax changes will not have retrospective effect, as with most tax changes, said the Land Transport Authority (LTA) over the weekend.
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    • 276 2  -  fly 1 Toh Han Shih A HOST of Canadian venture capital firms plan to set up shop in Singapore this year, some to invest in local hightechnology firms and others to source investments for Canadian high-tech companies. Technology Development Corporation (TDC),
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    • 380 2 The Straits Times SINGAPORE is studying the various components of the toll to be imposed at Malaysia's end of the Second Link and will pick the relevant ones to match, said Deputy Prime Minister Lee Hsien Loong yesterday. He said
      The Straits Times  -  380 words
    • 274 2  -  E7E ON THE ECONOMY Electronics B)h Jennifer Lien GROWTH for new orders of electronic components in the US moderated in January, falling from December's revised 37.8 per cent to 12.2 per cent. The preliminary December figure, reported last month, was 37 per cent. This
      Source: US Commerce Dept  -  274 words
    • 72 2 [SINGAPORE] Clothes by Stella McCartney, daughter of former Beatle Paul McCartney, making their debut in Singapore on Friday during the 1997 Investment Fund Awards at the Ritz-Carlton Hotel. The awards, now into the second year, included a fashion gala featuring the Alfred Dunhill Spring/Summer Menswear
      ARTHUR LEE  -  72 words
    • NEWS Roundup
      • 64 2 INTRACO Ltd has won a contract from the Land Transport Authority (LTA) to supply 24 construction wagons to be used for construction works at the North-east Line and the Changi Airport Line of the Mass Rapid Transit system. The $4.2 million contract is for the
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      • 85 2 PROSPECTIVE polytechnic students who are also sportsmen or sportswomen can now apply for a place through the Joint Polytechnic-Singapore Sports Council admission scheme. Besides the minimum entry requirements, applicants must fulfil one of the following two criteria. Firstly, the applicant must be a current national
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  • Page 2 Advertisements
    • 379 2 Why should I spend make my old manu software year*2ooo-compatible when I could buy Core™ 8.1, a fully integrated multi-user business system, for $5,000 only?" Ms Evon Tan, Assistant System Administrator, DNT Singapore Pte Ltd ore™ 8.1 comes with 14 inte- State-of-the-art object costing methods for different groups grated modules
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    • 137 2 ....{for proven expertise in o° commercial and industrial air-conditioning, CERT NO 97/117 ventilation, mechanical ssiso*w: and electrical Hitachi Plant systems. 10 Anson Road #12-14 International Plaza S pore *****3 Tel: 222 0665 Fax: 224 8358 Email: hpcsgr@cybeway.com.sg Website at http //www.hitachiplant hbi.ne.jp ii 4 f —VW\. WORLD WIPE I Since
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  • SOUTH-EAST ASIA
    • 232 3 JAKARTA AFP PRESIDENT Suharto yesterday formally agreed to be nominated for a seventh fiveyear term in charge of crisistorn Indonesia. Mr Suharto, 76, gave the nod to leaders of the five factions in the policy-making People's Consultative Assembly who met separately at his Cendana
      AFP  -  232 words
    • 612 3 SINGAPORE HE, M'sia come next; expats give S'pore more marks than UK, US and Australia AFP SINGAPORE, Hongkong and Malaysia have the most busi-ness-friendly bureaucrats in Asia, while Indonesia, South Korea and Vietnam have the most inefficient civil service, according to a regional poll.
      AFP; Source: PERC  -  612 words
    • 317 3 KUALA LUMPUR Bloomberg MALAYSIA is considering releasing Aetna Inc and American International Group Inc from an obligation to cut their holdings in local insurance operations to 51 per cent, said Finance Minister Anwar Ibrahim yesterday. "We're looking at it," Mr
      Bloomberg  -  317 words
  • Page 3 Advertisements
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  • MARKETS IN TURMOIL
    • 347 4  -  But most analysts don't expect currency to breach RMS mark By, Audrey Tan {SINGAPORE] The Malaysian ringgit will tumble to 5.50 to the US dollar by year-end, following the cut in Malaysian banks' statutory reserve requirement (SRR), said US investment bank Morgan Stanley Dean
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    • 453 4 Party official says it has already been implied in broader terms Reuters [JAKARTAJ Indonesia's ruling Golkar party has blocked references to the economic crisis ravaging the country from being included in draft guidelines setting out government development policy for
      Reuters  -  453 words
    • 381 4 Urgent need to keep production lines running, warns leading economist AFP [JAKARTA] The International Monetary Fund's decision to delay crucial fiinds for tur-moil-wracked Indonesia could undermine financial guarantees from the country's trading partners and halt key manufacturing processes here, economists warn. "Some of
      AFP  -  381 words
    • 312 4 AFP [BASEL] The working of the world financial system and the rules must be reworked in the light of the crisis in Asia and the linking of markets and dealing systems, the Bank for International Settlements (BIS) indicated today. The
      AFP  -  312 words
    • 335 4 Reuters [JAKARTA) Indonesia intends to go ahead with the implementation of International Monetary Fund (IMF) reforms, one of President Suharto's sons said yesterday. But businessman Bam bang Trihatmodjo said he thought that soon after the swearing-in of his father for a
      Reuters  -  335 words
    • 249 4 AFP [BANGKOK] International investors including financier George Soros are looking to the coming US visit by Thai Premier Chuan Leekpai for a signal to return to Thailand, reports said yesterday. "If the government can show the world that Thailand has
      AFP  -  249 words
  • Page 4 Advertisements
    • 30 4 Opens Tomorrow! Asia's Leading Trade Show on Drinking Water, Processed Water S Waste Water Technology 10 12 March 98 Suntec Centre K Singapore (J v' 1 .>i\ s yss kx
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    • 184 4 I 'a I •stop News at your I convenience I But fcrtffchanoi I I Bedok You can now purchase your favourite copy of I I newspaper or magazine from our new Stop Press I •CboaChuKang 9 I gyno, Kiosk at Choa Chu Kang bus interchange. All our I *Hougang central
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  • Page 5 Advertisements
    • 182 5 Biggest I [Win tier I I 1997 INVESTMENT FUND AWARDS ISN'T I DBS ASSET MANAGEMENT. IT I Our Clients. Overall best 3-year performer Shenton Income Fund Bo Fu^^ ltegory est 3-year performance) -US Growth Fund Ye% DBS Asset Management might lave won the most awards and was the overall best
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  • Page 6 Advertisements
    • 2071 6 The Sime Darby Group INTERIM RESULTS FOR THE HALF-YEAR ENDED 31 ST DECEMBER 1997 Sime Darby Berhad (Company No. *****-M) Unaudited results of the Group tor the half-year ended 31st December 1997 The Plantations Division reported significantly higher profits on the back of higher crude palm oil prices. 1997 1996
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  • CHINA-HONGKONG-TAIWAN
    • 612 7  -  NATIOMAL PEOPLE'S CONGRESS But central bank governor says official tight monetary policy still stands From Lu Ning in Beijing IN an apparent departure from tight monetary policy, China plans to increase money supply in the country to support infrastructure and
      REUTERS  -  612 words
    • 454 7  -  HONGKONG Its doable taxation pact with China is first of more planned By] Loh Hui Yin WHILE Singapore tries to play catch up with Hongkong in the fund management industry, the Special Administrative Region is negotiating for tax treaties, an area in which
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    • 168 7 BEIJING AFP [BEIJING] China's economic czar Zhu Rongji warned yesterday that construction of luxury hotels and top-grade offices had to stop to correct a dangerously unbalanced investment structure. In a meeting with parliament delegates from northeastern Liaoning province, Mr Zhu said
      AFP  -  168 words
    • 250 7 BEIJING Those that meet requirements will be allowed to list Reuters CHINA will allow more companies operating under government ministries to seek independence from their parents and list shares, a top official said yesterday. China on Friday said it would dissolve 15 ministries or
      Reuters  -  250 words
  • Page 7 Advertisements

  • ASIA
    • 268 8 SYDNEY AFP THE Australian economy appears to be losing momentum even before facing the full ex-te-mt of the Asia crisis, econornists now believe after a week-long deluge of data. Official figures that broadly hinted at the extent of the damage the downturn had
      AFP  -  268 words
    • 451 8 TOKYO LDP official lashes out at international pressure on Japan to boost its economy Bloomberg BLASTING international pressure on Japan to spend more to revive its economy, ruling party official Taku Yamasaki said the government plans new measures that may top
      Bloomberg  -  451 words
    • 363 8 TOKYO Official suspected of leaking information on central bank ops AFP BRIBERY scandals which have embroiled Japan's finance ministry and financial institutions have spread to the central bank, press reports said over the weekend. Prosecutors have questioned senior officials from at least six banks
      AFP  -  363 words
    • 309 8 SEOUL President moves to keep reforms going despite row over PM AFP PRESIDENT Kim Dae Jung yesterday installed reformists and technocrats into South Korea's powerful intelligence agency and other key viceministerial posts. Mr Kim appointed career administrators as vice-minis-ters in charge of economics,
      AFP  -  309 words
    • 513 8  -  NEWDELHI Opponents'disarray means BJP will win a vote of no confidence By\ Rajendra Bajpal THE chances of India's rightwing Hindu-nationalist Bharatiya Janata Party (BJP) and its allies forming a government brightened last night as dissension among its opponents increased. The BJP alliance failed
      REUTERS  -  513 words
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  • THE WORLD
    • 177 9 LONDON AFP [LONDON] Britain's tough-minded Chancellor of the Exchequer Gordon Brown is to impose a spending freeze until the next general election in 2002. press reports said yesterday. Mr Brown, who has already pledged to stick to the tough spending limits set by
      AFP  -  177 words
    • 466 9 FRANKFURT Information which benefited Tietmeyer and Issing was public knowledge, says bank Reuters [FRANKFURT] The Bundesbank yesterday strongly rejected a German magazine report which suggested Bundesbank president Hans Tietmeyer and chief economist Otmar Issing may have allowed insider knowledge to be used
      Reuters  -  466 words
    • 278 9 WASHINGTON It considers a war with the US plausible, says Pentagon study AFP CHINA'S leadership holds "dangerous misperceptions" about US military power and intentions that could lead to political friction and even military conflict in the future, a report prepared for the
      AFP  -  278 words
    • 250 9 WASHINGTON AFP INDEPENDENT prosecutor Kenneth Starr, who is investigating US President Bill Clinton in sex-and-perjury allegations, has not ruled out bringing formal charges against the president, US News and World Report said on Saturday. Mr Starr recently hired a constitutional law
      AFP  -  250 words
  • Page 9 Advertisements
    • 715 9 University of South Australia PhD MBA Doctor of Philosophy in bmtXaHKNit Business Management hHK| HEP 13th Intake April 98 sth Intake April '98 MkMi'ujThi Designed to develop Innovation .100% in Singapore. Min 3 years RHK||j bilking High level of face-to-face contact and Communication Skills International team of PhD ~8 months;
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  • BUSINESS IT
    • 605 10  -  Digital vows to hold the fort in the face of attempts to exploit takeover worries Reports by] Raju Chellam [SINGAPORE] Computer giants International Business Machines Corp, HewlettPackard Company and Sun Microsystems Inc are chasing a new market opportunity following the Digital Equipment Corp-Compaq Computer
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    • 255 10 [SINGAPORE] Graham Long. 53. takes over as president of Digital's reorganised Asia/South Pacific Area from April 1. He spent 14 years working in Asia, and has been with Digital for 11 years now. He spoke to BusinesslT at his Singapore office last week. Ex
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    • 312 10  -  By Kenneth James [SINGAPORE] Everybody has an opinion about the Compaq-Digital deal, it seems. And Sun Microsystems Computer Company's Timothy Dwyer, who passed through Singapore recently, is no exception. Mr Dwyer, who is SMCC's vice-president and general manager for international operations, believes
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    • 370 10  -  About $Lsm to be spent on R&D effort over next two years Ky Annette Pau [SINGAPORE] SINGAPORE'S Data Storage Institute, Productivity and Standards Board and local companies have formed a research consortium to develop digital video disk (DVD) rewritable technology. DSI director Low
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    • 145 10 AFP. (TOKYO) Japan's domestic shipments of personal computers (PCs) are likely to rise 7.3 per cent from a year earlier to 8.5 million units in 1998, a research agency said on Friday. The rise is based on the expected growth in
      AFP.  -  145 words
    • 622 11  -  Its director for the region is confident of 20-25% increase in revenues By\ Kenneth James [SINGAPORE] Novell Inc's "back to basics" approach to technology and marketing is already reaping returns for its Asean operations, the networking software major's new regional chief Sam
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    • 225 11 Reuter [BEIJING] Microsoft Corp said on Friday it would help China's main telecommunications carrier develop its Internet capabilities as part of a long-term co-operative project. Microsoft China Co Ltd, a wholly-owned subsidiary of the US computer giant, signed a deal on Thursday with
      Reuter  -  225 words
    • IT TAKES
      • 75 11 [SINGAPORE] Eight of the world's largest importers have picked Asian Sources, a Hongkong Internet firm, to build and maintain their Web-based catalogues of Asian-made consumer products. The importers are Toys R Us, Dollar General, Longs Drugs, Woolworths, Coles Myer, Encore Sayles, Tamarind and Sono
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      • 44 11 [SINGAPORE] SAP has appointed John Dußois as South Asia Pacific executive vice-president from January. Mr Dußois is managing SAP's business operations in Malaysia and Thailand. He succeeded Rokiah Ahamed, who is now SAP executive vice-president of the Indian subcontinent.
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      • 37 11 [SINGAPORE] 3Com has donated its Internet solutions worth a total of $10,000 to Ave welfare organisations. Hie organisations are The Helping Hand, New Direction, Singapore Anti-Narcotics Association, Singapore After-Care Association and Teen Challenge.
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      • 34 11 [SINGAPORE] Lucent Technologies will hold a technology seminar on Thursday at Goodwood Park Hotel Speakers will talk cm trends in the Internet, data networks and wireless technologies. For more information, call 872-8599.
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      • 30 11 [SINGAPORE] Seagate Technology has appointed Don Kennedy as its Asia Pacific sales vice-president. Before joining Seagate, Mr Kennedy helped establish Westan International, a distribution firm.
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      • 41 11 [SINGAPORE] Cards Asia 98, a smart card conference, will be held from March 31 to April 2 at the Singapore International Convention and Exhibition Centre. It will showcase smart cards for transport, banking, payment, access control and identification.
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      • 89 11 [SINGAPORE] Dell, a US PC maker, has received approval to establish a manufacturing and sales centre in the coastal city of Xiamen, China. The centre is expected to begin operations later this year and will initially employ several hundred people. The centre in Xiamen, called
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      • 49 11 [SINGAPORE] Elixir Technology is offering a series of software courses focusing on Java and object technology. From today to March 11, there will be a course on Java enterprise programming, and from March 24 to 27, Java Core programming. For more information, call Corina at 532-4300.
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      • 86 11  -  -Compiled by 1 Toh Han Shih [SINGAPORE] Passages, a frequent flyer programme owned by Singapore Airlines, Malaysian Airlines System and Cathay Pacific, is offering its members an auction over the Internet. Interested members can go to the Passages Website at http://www.passages.com.sg and place their bids not money
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    • 462 11  -  Quality of Web site in Singapore has gpnenp, says expert By Toh Han Shih [SINGAPORE] Local multimedia firms are becoming more competitive in the world arena, thanks to US software firm Macromedia and the National Computer Board's Local Industry Upgrading Programme
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    • 516 11  -  Two of them are tracking the trend and adding on to their headcount Toh Han Shin (SINGAPORE) Although Asia's currency crisis is causing some sectors to lay off people in this region, the same does not apply to US IT firms People Soft,
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    • 203 11 [SINGAPORE] Outsourcing of applications and technical skills could be the key to survival in mid-sized organisations in the future, according to a study conducted by the Gartner Group. The study says that by 2001, 85 per cent of mid-sized enterprises in the Asia-Pacif-ic will
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    • 487 12  -  They tell a country's technological strength, says expert By' Toh Han Shih [SINGAPORE] If Singapore wants to create more of its own big world-class multinationals, it needs to generate more patents, says Liu ShangJyh, associate professor of technology management at Taiwan's
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    • 138 12 Bloomberg [NEW YORK] PointCast Inc is shifting its focus from the individual to the corporation as it seeks profits and more customers and considers an initial public offering this year. The money-losing company is a pioneer in offering so-called push services that let publishers
      Bloomberg  -  138 words
    • 320 12  -  Sab-USsl,ooo PC is Asia-designed and makes its debut in Asia first By) Raju Chellam [SINGAPORE) Compaq Computer last week launched its new desktop computer targeted specifically at price-sen-sitive commercial customers in emerging markets. Called the Deskpro 1000, the 200 MHz MMX-enabled system retails
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    • 636 12  -  By Jean-Luc Lebrun The writer is Business Catalyst and Communicator at Kent Ridge Digital Labs WE ALL have ideas blasting into our lives from time to time. We don't really ask for them, they just gate-crash and grab our attention like a policeman's
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    • ON THE SHELF
      • 53 12 The Santa Cruz Operation (SCO) has formed its first Singapore user group, called SCO Unix Professionals Group (UXPG). Members get free access to SCO support materials and discounts on SCO products. The first SO applicants get in free, and others pay a nominal charge. For
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      • 51 12 Canon has launched its most compact and lightweight flatbed scanner, targeted at both beginners and general users, with a retail tag of $299. Called CanoScan FB3IO (above), the 2.7 kg scanner comes with a plug-and-play system with software, and offers 300 by 600 dots per inch scanning
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      • 70 12 Homegrown Palette Multimedia has launched D-eye Expert, a new PC video-conferencing kit, with a retail tag f of $639. The Expert, available immediately, is an upgrade over the earlier D-eye model launched last year. D-eye Expert comes with a digital video camera, a video capture card,
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      • 54 12 Hewlett-Packard has launched Sure Store CD-Writer Plus 7200, its second rewriteable drive, in internal and external versions. HP said it will work as a CDROM, CD-recordable and CD-rewriteable drive, with 650 MB capacity. The internal model ***** will retail at $732, and the external model, 7200e,
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      • 83 12 IBM has announced four new models of its ThinkPad notebook computers, with 12.1-inch screens and targeted at students, small business owners and consumers. Two new 380XD models run on Pentium 233 MHz MMX processors, with prices starting at $4,699. The ThinkPad 310 ED (above) runs on
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      • 42 12 Dell Computer has announced its Power Edge 2200 small-business server, with pre-installed Microsoft BackOffice Small Business Server software. The 2200 runs on 233,300 or 333 MHz Pentium II processors, and is available now at prices starting from $7,649.
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      • 63 12  -  Compiled by Raju Chellam Canon has launched a multifunctional machine, Multipass C2O (above), that lets users fax, copy, scan and print in colour, using plain paper. The $849 machine transmits faxes at a modem speed of 14.4 kpbs, copies at 360 by 360 dots per inch (dpi) resolution,
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  • Page 10 Advertisements

  • Page 11 Advertisements
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  • Page 12 Advertisements
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    • 152 12 I This FACT-IBM Seminar will help I I you cope better with the Regional I Economic Crisis < j I Knowledge is power, and power may mean survival. This seminar shows how I J H SMALL AND MEDIUM-SIZE COMPANIES can instantly improve their financial management (foreign currency exposure, inventory, P&L,
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    • 18 12 The Straits Times CLASSIFIED Where buyers and sellers meet Find ready cash by advertising your garage sale. CATS.
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  • Page 13 Advertisements
    • 250 13 Where to wine, dine and entertain...|jy »>«£ Http:// www. ana-kotels .com Not juat seafood either. Visit our home page and you can order tonight's dinner from our cyber selection. Browse through the menu, leave us your order and it'll be ready to pick up before you can say 'information superhighway'.
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    • 177 13 KINTAMANI -INDONESIAN RESTAURANTAVAILABLE FOR THE IST TIME 9 MARCH TO 31 MARCH SEA BASS, STINGRAY. SQUID A CHICKEN GRILLED TO PERFECTION USING EXOTIC SAUCES WITH JUST THE RIGHT HEAT. SERVED SIZZLING HOT FROM THE GRILL. So for a BBQ culinary experience, visit us at Kintamani Indonesian Restaurant. Level 3. For
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    • 145 13 Enjoy Western dishes and Asian Cafe Vienna Open from 6am to lam, its popular buffets for lunch, high tea and dinner are among the best— CROWN E PLAZA' SINGAPORE Fm-mnly lit RtymJ HdtJty Im• Cmrm PUit Ftr rtstnvtnm. pita* call 731-7932 25 Scuts Road, Simgsfn *****0 7V (6}) 737 7966
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  • Page 13 Miscellaneous
    • 783 13 j; TV&RADIO Praolen 12 1130 Spin City Not In The LOO PM TV Innovations. 1^ Tin pmtvi, City (See Our Choice). 3.00 CDIS. Inn IKJmKS AM C V bUI The™ Was «■*> '"dian Matinee: Sri Rag 2"-ui Dhlo, n r u An Old Woman. Aira falls havendra Vaibhava (Tele *2
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    • 175 13 CKVFTIC CROSSWORD ACROSS 26 Studio that is later converted (7) 7 A couple of scraps for bird (7) SATURDAY'S SOLUTION 27 Arab leaders trembling in 8 Yet it's a misplaced feeling of speech (7) gratification (7) B i^ T [B|M|A|NMoio]nio]u[H]Qi 28 Arrested missing Pole perhaps, 14 Hes not left with
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  • EXECUTIVE LIFESTYLE
    • 585 14  -  MUSIC By David Chow FRIDAY evening's concert with the Singapore Symphony Orchestra was delightfully refreshing, with an American conductor and a Danish solo Ist making wonderful music together in a programme that spanned the Classical to the post-Romantic eras. The Helios Overture
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    • 710 14  -  Over-eager actors reduced Kiss of the Spider Woman into semi-comic banter, says ben momroe BEN MUNROE KISS of the Spider Woman is a novel written entirely in dialogue by Argentinian Manuel Puig, then translated from the Spanish by Allan Baker. It was made into a
      710 words
    • 650 14  -  ART Visual* aims to create an awareness abont installation art By Ben Munroe WALKING into an exhibition currently at LaSalle College of the Arts is a challenge in itself. Viewers must first duck right under the threads tautly strung across the entrance by
      650 words
  • Page 14 Advertisements
    • 261 14 'ricing, Trading Structuring Derivatives 23 -25 Mar 1998 nternal Auditing of Financial Institutions 24 -27 Mar 1998 teal Estate Lending 25 -28 Mir 199 a WAPs: Managing Risks Improving Yields 30 Mar -1 Apr 199 a Managing Risks in Derivatives i-3Apri99B Creating client focus with Financial Planning 13 Apr 1998
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  • COMPANIES & MARKETS
    • 509 15  -  But no provisions likely to be made and modest profit growth is expected By- Jenny Lam [SINGAPORE] Property group Liang Court Holdings is expected to write down around $30 million on its investment properties following a recent revaluation, sources said. On
      509 words
    • 144 15 MBT [KUALA LUMPUR] The Kuala Lumpur Stock Exchange on Friday announced a new rule for the placement of funds in trust accounts to enhance investor protection. It said the Securities Commission had amended KLSE rules on member companies. New rule 19A states that all
      MBT  -  144 words
    • 763 15  -  MARKET MATTERS A new blueprint is needed to deal with some concerns By Eddie Toh MALAYSIA has reached a crossroads in its wealth restructuring programme aimed at creating a level playing field among its various ethnic groups. In the face of the economic crisis
      763 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 341 16  -  ST Engg is designing remote-controlled reconnaissance planes By] David Boey [SINGAPORE] Singapore's largest engineering group, Singapore Technologies Engineering, is designing remotecontrolled reconnaissance planes. Called unmanned aerial vehicles or UAVs, the planes can be used for both civil or military missions. Work on developing the homegrown UAV
        341 words
      • 183 16 NST [KUALA LUMPUR] Soft drink producer Fraser Neave Holdings Bhd expects a significant drop in its pre-tax profit for the current year ending Sept 30. Chairman Yahya Ismail on Friday said: "It will be too ambitious to even say that we expect to
        NST  -  183 words
      • 684 16  -  Analysts reckon the loss could be more thanßM4oom From Eddie Toh in Kuala Lumpur MALAYSIA'S oldest conglomerate, Sime Darby Bhd, could post a pre-tax loss in excess of 400 million Malaysian ringgit (SJ 166.2 million) for its full year ending June
        684 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 468 17 Reuters [HONGKONG] China s concern over possible asset erosion may slow the pace of state-owned firms seeking a Hongkong listing, analysts said. The state China Securities Regulatory Commission (CSRC) was concerned about state-owned enterprises floating shares at large discounts to their own
        Reuters  -  468 words
      • 610 17 Disclosure by top PC maker that it may roughly break even in Q1 shocks analysts Bloomberg [NEW YORK] Technology stocks are expected to fall today in the wake of Compaq Computer Corp's warning it will "roughly" break even in the
        Bloomberg; Source: Bloomberg  -  610 words
      • 448 17  -  Analysts say profit warnings from Intel, Compaq will have adverse impact By, Jennifer Lien [SINGAPORE] Singapore electronics stocks will likely be hit today, following last week's profit warnings by chipmaker Intel Corp and Compaq Computer. Analysts and suppliers fear that the unexpected warnings may
        448 words
      • 487 17 Players zoom in on Telkom, Indosat, Tambang Timah Reuters [JAKARTA] A handful of stocks listed in crisis-hit Indonesia and abroad are helping to send the Jakarta Composite Index in the opposite direction to the tumbling rupiah as arbitrage plays kick in. Investors
        Reuters  -  487 words
    • INTERNATIONAL COMPANIES
      • 456 18 Baby boomers, hi-tech productivity will keep stocks growing for another 10-15 years: analysts AFP [NEW YORK] Wall Street has 10 or 15 years of solid growth ahead of it because of tXiture investments by baby-boomers and technological progress that will make US firms more
        AFP  -  456 words
      • 238 18 Bloomberg (WASHINGTON) US President BtU Clinton said he intends. to nominate Securities and Exchange Commission chairman Arthur Levitt to another term as the top US securities regulator. Mr Levitt, 67, whose fiveyear term expires in June, has championed the interests of small investors
        Bloomberg  -  238 words
      • 421 18 Pharmaceuticals group names Schering-Plough, Zeneca and Bayer FT [STOCKHOLM] Astra, the Swedish pharmaceuticals group, is contemplating an international merger to consolidate its position as one of the world's leading drugs manufacturers. The company, which produces Losec the world's best-selling prescription drug on Friday identified
        FT  -  421 words
    • FINANCE & COMMODITIES
      • 413 19 Domestic foods seen reshuffling portfolios after Eoropeao single currency launch Reuters [LONDON] Major investment banks are busy concocting new government bond indices to capture a growing market for index tracking funds after the launch of a European single currency. Fund managers said on
        Reuters  -  413 words
      • 308 19 He received options for 300,000 shares on top of a raise of 15% Bloomberg [WASHINGTON] Citicorp gave chairman John S Reed a 15.3 per cent raise last year, paying him some US$4 million (556.5 million) in salary and annual bonus. Mr Reed
        Bloomberg; FILE PHOTO  -  308 words
      • 279 19 Sale part of cost-cutting after decade of expansion Bloomberg [COLUMBUS, Ohio] Banc One Corp has agreed to sell eight branches to Trans Financial Inc and three to First Federal Financial Corp as the bank cuts costs and boosts earnings. Bowling
        Bloomberg  -  279 words
      • 284 19 FT [LONDON] Liquidators for Trustor, the Swedish investment company at the centre of a 485 million Swedish kronor (5598.3 million) fraud inquiry, have been told they could seek damages against Barclays Bank over its handling of the company's financial transactions. Lawyers commissioned by
        FT  -  284 words
      • 206 19 Bridge News [MELBOURNE] The government ban on mergers among the country's four biggest banks is holding Australia back in competition in the global banking industry, according to Don Argus, managing director of the National Australia Bank. "When I see the level of
        Bridge News  -  206 words
      • 248 19 Bloomberg [JOHANNESBURG] Anglo American Corp of South Africa and RMB Holdings said on Friday they have reached agreement in principle to merge their financial services businesses into what would be one of the country's biggest insurance and banking groups. "We have to
        Bloomberg  -  248 words
      • Article, Illustration
        1824 19 PRIME LEMDDIQ RATES SSB5 ABN Anro Bank NV 8* ABSA Bank LMtatf «vi Ml Bamdng6roo» AHod Irish Bank PLC 7W tonrtcwLytalwt It* Arab Banking Corp |fe Arab la* PLC 7w AsaM Bank Ltd Iv* Ban HIuLm Bank BM 8v» Bvki Cowntfdiit Itibnu 7 -v» lanca National* M Lavoro 8 Banco
        1,824 words
    • COMMODITIES FUTURES
      • 533 20  -  Weeklyßoundup Callum Henderson, MMS International This report does not constitute a solicitation to invest in any currency or Simex product. [SINGAPORE] The spectre of Indonesia looms large once more, a dark shadow encompassing all the Asean currencies. On Friday, there were wire reports that Bank Export-Im-port
        Source: Simex  -  533 words
      • 844 20 COMMODITY Weeklyßoundup AFP [LONDON] Commodities from oil to precious" metals showed little movement in quiet trading last week as traders played a waiting game. In many markets, a combination of strong supply, the Asian economic downturn and political uncertainties
        AFP; Source: Bloomberg  -  844 words
    • 1761 20 SICOM FUTURES Mar 6 HU88U (M«r« M) at at 5 JOpm) ISS t CONTRACTS cwtts/kg) CtOS* Vo4wm OpM Mowth W|ll Low Sftt (tOMti) totamt Apr 98 ***** ***** 120.00 50 825 May 98 123.00 123.00 122.00 150 '3(75 -ton 98 126.75. 126.75 124.00 150 3325 Jm/Sap 98 132.00
      1,761 words
    • 3143 21 Mploaffi CPS L«4Ul* Sopt17 P 117.7 108.1 24.1 22-2 o*» r* tv rr lv uon ahopoc sapt 24 p *72«. 0.06H. c '**—y '**»> <»» '«*«> <C«») Lum Clianq M«t 26 P 19.617 20.421 6.1 6.3 >«Hw»t>1i 50c F06 24 P 2.1884. i?<|i 8.11 134. Lun
      3,143 words
    • SINGAPORE WEEKLY MARKET OUTLOOK
      • Article, Illustration
        244 21 Market outlook THE Straits Times Industrials Index closed at 1,571.15, down 2.74 per cent for the week. The broad market was dragged down by poor sentiment, the currency turmoil and Moody's downgrade of local banks. The Dow Jones Industrial Average Index sent an ominous signal that first quarter corporate
        Source: Bridge Info  -  244 words
      • Article, Illustration
        111 21 WITH the recent spate of negative earnings announcements affecting the banking and real estate sectors, investors would inevitably be encouraged to take a closer look at defensive stocks. A good defensive stock would be Comfort. There have been many developments that point to a positive outlook for this company.
        Source: Bridge Info  -  111 words
      • 87 21 EXPLANATION OF TERMS RSI measures the rate at which prices move. As a rule, an RSI above 80 indicates an overbought condition while RSI below 20 indicates an oversold market. RSI is more effective in detecting divergences (sell signals). A divergence occurs when stock prices make a
        87 words
      • 49 21 They reflect the strength of an uptrend or a downtrend. Two indicators, %K and %D, are used together. %K is the ratio of the difference between the closing and the low during a specified period and the difference between the high and the low in the same period.
        49 words
      • 127 21 Source: Analysed by Peter Coker, a director of Bridge Int'l Broking The MACD (moving average convergence and divergence) measures the difference between two MAs. The MACD is usually plotted together with a signal line, or an MA of the MACD. Crossovers between the two acts as buy or sell
        Source: Analysed by Peter Coker, a director of Bridge Int'l Broking  -  127 words
      • Article, Illustration
        101 21 THE market for Avimo's optical component products consists of military and commercial customers. Expenditure on modernisation of the US army and air force should help ensure the financial health of this company for FY96. Being a niche player, Avimo's commercial earnings should hold steady even in the face of
        Source: Bridge Info  -  101 words
    • MARKET REVIEWS
      • 250 22 HONGKONG Reuters, AFP HONGKONG stocks have met a fresh wall of resistance after attempting to move into a new trading range and could head lower this week as regional worries keep local interbank rates high, analysts said. "I would say that we
        Reuters,; AFP  -  250 words
      • 493 22 NEW YORK But broad market benefits as economy's continued strength unsettles bonds AFP BLUE chip gains were dragged down last week by renewed financial turmoil in Asia and concerns tied to top US companies' warnings about first-quarter earnings a month ahead of their
        AFP; REUTERS  -  493 words
      • 351 22 LONDON AFP A SURGE in share prices here to record highs early in the week was reversed in later sessions amid fears of an imminent rise in British interest rates, even though the Bank of England decided to leave rates unchanged. The FTSE-100
        AFP  -  351 words
      • 350 22 TOKYO AFP JAPANESE share prices are expected to edge up in the coming week with the ruling Liberal Democratic Party expected to unveil new measures to bolster the stock market, brokers said. "Lawmakers are trying to pull share prices up towards 18,003
        AFP  -  350 words
      • 875 22 A Sydney -29.7 THE Australian share market will stay on tenterhooks in the week ahead, as nervousness over an avalanche of economic data in the previous week gives way to rate cut speculation, analysts said. "The coming week could prove pivotal to whispering speculation of a rate
        875 words
      • 1858 22 PJ Paris +H3 FRENCH stocks rose on Friday, led by exporters and financial companies such as Societe Generate SA, amid expectations for stronger-than-expected earnings. For the day, the benchmark CAC 40 Index rose 87.42 points, or 2.57 per cent, to 3,483.22, the 16th record close this year.
        1,858 words
    • KUALA LUMPUR STOCK MARKET
      • 542 23 AFP kJ Composite Index -55 MALAYSIAN stocks are likely to trade cautiously after recording a 7.4 per cent fall last week, analysts said. "Cautious sentiment will surround the market as investors wait for a clearer picture of the economy," an analyst with an
        AFP  -  542 words
      • 9354 23 mOUSTMAlS CoflSMMT pfOdttCtf 1998 Last Vol ifMk Ma# r.« Low Cwn>| in "000 High Law P/E $mil 310 180 Atinomolo 270 10 3 270 260 15.0 109.4 148 73 Angkasa m -19 275 132 m 2 6 163 7 290 123 ApolloFoodHlg 202 -23 44 230 200 5.9 80S 388
        9,354 words
    • WARRANTS & OPTIONS
      • 190 24  -  WARRANT WATCH -By R Sivanithy THERE'S a "new" name on the Kuala Lumpur Stock Exchange these days Arus Murni Bhd. The name might be unfamiliar to some but the company is actually the former Inchcape Timuran under new ownership. The shares
        190 words
      • 3846 24 MHOS, LOANS A WARRANTS wt 1997/98 LMt Vol Wttk Lift Ouott Avq Mlgb Ln ttIM Company Salt »or- COOO) Mlqh Low Buytr Stllof Prlca 68 9 m 3000 ffl AMDS c5.5%*****6 17 «T 17 17 15 17 •1 a 3160 -Acor ******1 US$ 13 -2 801 16 12 13 14
        3,846 words
    • 2441 24 Week Ended :Mar 6 MALAYSIAN STOCKS Cf Cf Iti7/M Last V<X Waak Last Quota Dlv Dtv VM Nat M Cap L— «two Campany SUf COOP) High Urn Buyar SaBar H C vr H P/C Smk 478 28 m ***** AIS8 50c 93.5 -16.5 3750 112 93 94 95
      2,441 words
    • 1354 25 tmammm* valuicooo)* o» m* ttm o»* r— MuMfW 575.518 ****** W>4*3SET 1,038.972 US, 908 1364.877 4*326 2*6*1 2*0,207 370,101 179.977 549,478 HrtMs 14,768 9.107 2MTS 22,444 4J49 26.793 Pro#W«9» 83,107 157,187 240.264 208,998 ***** *****7 30,088 303*5 ***** ***** MtWn* 7.047 7.047 8,609 MM M.W 37.199
      1,354 words
    • 5253 25 1997/98 Last Vat *Ht Lnt Quote Mv Dtv YW Net Cap A»g Hlgn Low StNo Company SM C000) HI9I1 Law Buyer Seller C'vr P/E 5<n« Price WMITHU.I 157 18.5 1020 ACE0ynamics60c 36 3 253 39 34 34.5 36 29.5 37 5146 ASC NTSK) 200 OS- 885 885 1275
      5,253 words
    • 1109 25 Last V«t MM Laat Ouot. otv Dtv YM Nat Cap Avf H» Ua »*«a OiH'T lal» COOQ1 H» Uar i»yar Mar Cw Mw WW '86 76 2000 ABRHMdtSc 100 -8 44 KM 99 KM 104 3.0 6.0 03 142.9 44.5 KM 448 76 t 2049 AS AutoWC- 187 13
      1,109 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        412 26 Source: Deutsche Morgan Grenfell Research Source: JM Sassoon Stacks Volume Easykrat HKIOc 113,860,000 •Reoonq Bhd 50c 98,303,000 •M Resources 78,626,000 *MBf Capital 71,493,000 •Rekapacific Bh 66,168,000 L&M 50c 52.938,000 Asia Foo<ttProp 39,193,000 •Pub Bk Foreign 33,058,000 •Berjaya Group 32,236,000 •Uniphoenix 30,962,000 ttada SIA Foreign 150,493,798 OBS Foreign 143,396,579 JurongShip 50c
        Source: Deutsche Morgan Grenfell Research; Source: JM Sassoon  -  412 words
      • Article, Illustration
        83 26  -  -by Teh Hooi Ling SESDAQ-listed Datapulse Technology slid turn cents to end the week at 35 cents. Volume was a sizeable 1.1 million units, lower than the lfyday average of 1.9 million lots. The technical indicators suggest that the stock is a short-term sell but a long-term buy.
        83 words
      • 744 26  -  THE WEES AHEAD Banks expected to drift; Petronas deal to bny over Konsortium's fleet also likely to dampen sentiment By R Sivanithy THERE comes a time in a market's life cycle when it comes to a crossroads. In the local market's
        744 words
  • Page 15 Advertisements
    • 204 15 I n~ I iwm+- m Get these limited r edition Mandarin JmIIF manoap* aNCAPoat A t t i 1• S Anniversary Wines at any of our F&B outlets. Enjoy a dinner for 4 at Triple 3, The Buffet Restaurant and get a saving of 25% off J*our next bill for
      204 words
    • 147 15 1 Mail Handling I as hautoma,ic raAMA Electronic Checkwriter 1 B 6000 sc Electronic LCD NB-900 8 A Postai Scale 10-digit H 9 S RM SS 9 9 < 10-digit 8] H A P6OO Electronic LCD H 1 Folding Machine JBB&/ 8 I UnKfcind® I fi TRUE-LITE Steel Crystal Binding
      147 words

  • Page 16 Advertisements
    • 788 16 OSPREY MARITIME LIMITED (INCORPORATED IN SINGAPORE) The Directors are pleased to announce the unaudited results of the Group and the Company for the year ended 31 December 1997 as follows: Revenue US$ 153.7 m +79% Net Profit US$ 17.7 m +11% Earnings per Ordinary Share SIN cents 10.17 -20% (All
      788 words
    • 267 16 Public seminar on <m 1 M BLVbkI H I M. ißM^^Bl Heller Asia Capital Stone Forest Consulting will be there to share Top,cs SpeatoWi With you their of the Asian Philip Wee currency crisis on the economy Regional Treasury Economist, expertise and provide as a whole Standard Chartered Bank you
      267 words
    • 19 16 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified Service
      19 words

  • Page 17 Advertisements
    • 213 17 k jph JTy Singapore's one and only duck restaurant at Hotel Negara Experience Over 30 Duck Dishes at The Drake Pocket-Saver Lunches Renowned for its uniquely delicious cuisines and lovely country ambience. The Drake is the perfect place to bring your friends and business associates, enjoy a feast that pleases
      213 words
    • 184 17 ■I AJ a 1 A 1 AX# I I 1 |T*V| I A A there's only one trip a year the wised-up will ever B The best position to know it all first is from the Sk \f f Sk fSk world's biggest industrial fair, with 7,000 exhibitors I I
      184 words

  • Page 18 Advertisements
    • 1777 18 SAN TEH LTD FU, YEAR financial statement (Incorporated in the Republic of Singapore) AND DIVIDEND ANNOUNCEMENT The Directors of San Teh Ltd are pleased to announce the following unaudited results of the Company and of the Group for the year ended 31 December 1997: 7. Review of the performance of
      1,777 words

  • Page 19 Advertisements
    • 63 19 I*l th•r k« lIIIT A I P) /WMW "Lightware Projectors take the worry out of travel for our staff, and they make looking good look easy to our clients." Gary Otterpole, Bloomberg Include remote mouse and carry bag. Light Compact Bright Stylish Affordable Sole Distributor: IRWELLBANK HOLDING private limited 1
      63 words


  • Page 21 Advertisements
    • 15 21 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow, i too-737) 144
      15 words
    • 398 21 CATS. 1800-737-1166 TheßusinessTimes s A P 0 R E ££r- Regional cuuflpics Leong Asia wins SSSr nil miK t() list Oil SES =s== piuiiii) r=s=Ms "«<•« Mpulwttt MuMiniim LUX naMet<* a w4 v«- ».xtm» r»tmfww^ v ntfo- v«*iaitaß, v.S {vmm tuc ri»MM It. 1.1 11 L.MMIX lima* >•»>■■ Qwrf »*IT>
      398 words



  • Page 24 Advertisements
    • 42 24 >• *r* jjj ~<* I I'd like to place an a buyer I love this car ■Elk. J VV 1 the very I that I found fW I through J > Vroom, Buying or selling through Th« Straits Times Classified is child's Play. CaMCAT.S.at 1800-737-1166.®
      42 words

  • Page 25 Advertisements
    • 165 25 WORLD B USINESS CLASS I'm in a business where time is of the essence So the global network of Northwest Airlines and KLM J is perfect for me, because wherever in the world I '^k?■ want to go they're there to take me. In the US, "From here to Tokyo
      165 words
    • 10 25 The Straits Times Classified 1 Where I buyers sellers CAT'S
      10 words

  • Page 26 Advertisements
    • 359 26 BUSINESS Notices To advertise caU toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 NIHON SYSTEM SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 7500 A Beach Road #11-323, The Plaza. Singapore *****1 on 4 March 1998,
      359 words
    • 222 26 -fr. 'fry;; y.?glE g*yj NOTICE lS Philippine National Bank USD 100 mio Negotiable United States Dollar Floating Rale Certificates of Deposit due in June 1999 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the interest period from 9 Mar 98 (inclusive) to
      222 words
    • 182 26 Standard ft Chartered *****,000,000 Negotiable Floating Rate Singapore Dollar Certificates of Deposit due 6/6/2000 In accordance with the provisions of the abovementioned Certificates of Deposit, notice is hereby given that for the Interest Period from 9 March 1998 inclusive to 9 June 1998 exclusive the Interest Rate applicable to the
      182 words
    • 317 26 NOTICE HEONC LEE FOODSTUFFS (S) PTE LTD tin imiibw 11 voiunnirn* Liquidation I Al an Extraordinary General Meeting of Heong I jte Foodstuffs (S) Pie I id held on 28th February 1998. the following special resolutions were duly passed1. "Thai the Company be wound up voluntarily and thai MrTanGtm Soo
      317 words
    • 321 26 The Straits Times Classified/TangHn Mall Tanglin Mall, every third Saturday of the month, spm 11pm |cata| IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RED ARC INTERNATIONAL PTE LTD (Members' Voluntary Winding Upl At an Extraordinary General Meeting of the Members of the abovenamed
      321 words
    • 188 26 HILL GROVE REALTY LTD *****,000,000 Guaranteed Floating Rate Notea Due 1999 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 3-month period from 9 March 1998 to 9 June 1998 (92 days) is 6.75% per annum with a Coupon Amount
      188 words
    • 307 26 m THE MATTER OF THE COMPANIES ACT. CAR SO P.W. PTE LTD (ki Voluntary LiQuidition At an Extraordinary General Meeting of the members of P.W. PTE LTD duly convened and held at 6001 Beach Road #14-01 Golden Mile Tower, Singapore *****9 on the 27 day of February 1998, the following
      307 words

  • Shipping times
    • 282 27 Contributed by Simpson Spence Young THERE has been a lot of interest in the handy/handymax bulker market following last week's benchmark sale of the Korean Pioneer and there seems to be increased activity in their sector, both inspection and deals. The older Mosdeep 949,000/81) has been committed to
      Contributed by Simpson Spence & Young  -  282 words
    • 263 27 SB m: »i a *t- \w CWT DHtrtoiMon 0.69 -0.01 9 Chuan Hup 0445 -0.015 66 Caaca Inwtmant 0.90 rratoMUnta 0J3 ufvc* 99 GCMoMngt 0.32 -0.01 S Hal Sun Hup 0.52 -0.025 578 HKacMZotM 0.595 -0.01 39 IMC HoM*9i _MK 5.60 Jrr«Hot«nqs—0.445 -0.005 10 Juronq SMpyard 7.70 -0.20
      263 words
    • 477 27  -  Increasing numbers of high speed passenger craft will add to risks in crowded sea lanes By Marcus Hand [SINGAPORE] International Maritime Organisation (IMO) secretary-general William O'Neil has called for the introduction of vessel traffic control systems similar to air traffic control
      477 words
    • 180 27 Reuters [LONDON] The London P&I Club said it was one of the winners in this year's renewal season for marine protection and indemnity insurance business. The London Club, one of 15 or so mutual marine liability insurers, increased its overall tonnage to 33 million
      Reuters  -  180 words
    • 231 27 AFP [KEELUNG, Taiwan] A Shanghai container vessel paid a call to Taiwan's northern port of Keelung yesterday, resuming Chinese shipping services to the nationalist island via a third country. The ship, Mild Sun, arrived quietly at the harbour at around Bam
      AFP  -  231 words
    • 259 27 Bloomberg [SYDNEY] Stevedores at Sydney's Port Botany will walk off the job for 48 hours on Wednesday in the latest salvo in the battle for control of Australia's waterfront labour. The Maritime Union of Australia said about 330 of its members would stop
      Bloomberg  -  259 words
    • 630 27  -  LINER SCENE David Hughes IN the container industry there are times when competition is necessary. There are also times when cooperation is more appropriate. That was the gist of a response by Dr Yeo Ning Hong to a question at a press conference
      630 words
    • 1081 28 COMT&IKER SHIPPIMO Plans for super-large ships such as Samsung Heavy Industries' 8,770 TEU-ship will intensify industry competition ABS Surveyor AMONG shipbuilders preparing themselves for the era of 8,000-TEU containerships is South Korea's Samsung Heavy Industries (SHI). The proposed Samsung vessel would carry 8,770 TEU. The
      ABS Surveyor  -  1,081 words
    • 349 28 PAOC Ethiopian 6 Amazon 14 Evergreen 6 AM. 3 F«w«e M Accord 8 tang Sun 8 Ahrenkiel 14 fr 15 AppensMp 5 Frt Links 16 AsiaOCL IS GLM 4 K Astro 3 Gemartrans 8 Austral 9 Gensl>pg 9 Avant 16 Cory Nav 16
      349 words
    • 17385 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vnul Voyage Teiepnone SIN Oest n Nam* N»m« Number Number SIN Dest'n Name Name Number Number VMNMMNMHMMNMMMMMMMMMMNMMMMNMMMHNMWMi 14/03 03/04 OOCL SHANGHAI EXPRESS 02WB10 45 *****13 To T0 seskssp »/°3 24/03 UASC KIA WALEED C263W J™ 0
      17,385 words
    • SHIPS IN PORT
      • 642 43 Voy No B*fth Arrival Dtpartur 9802S6 J rW1 *>03 alongside 09.03/050* 01 J22 alongside 11.03/2300 4A JOT along:m 11.03/1200 M 0298 JIT alongside 11.03/1400 9806 MS alongside 08.03/1800 tt Ooa Rustu *****8 J01 alongside 08.03/1800 Bt Mm Gt6 ST *****6 J01 alongside 08.03/060< «PA*!} 1 "4* J01 along
        642 words
      • 1064 43 RECEIVING OF EXPORT FCt CONTAINERS AND La CARGO Boo*in<j/Munc« ksiis Ship Voy No Etb/Btr Ptrlod Frow To From iam nm WW u ovrroo hm mw a otrw mm mm > mmm am owuoc ovum ovum ovnw C1555 MM MM U MM MM MM a MM MM MM mm
        1,064 words
      • 207 43 Mar 17 United Kingdom: St Patrick's Day. Mar SO Japan: Vernal Equinox Day. lbr 21 Mexico: Juarez Day. Mar 28 Greece: Independent Day. Apr* Hong Kong: Ching Ming Festival Apr 7 Brunei: Hari Raya Haji. Malaysia: Hari Raya Haji. Apr Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10
        207 words
      • 842 43 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehen sive description of the market Prices shown are based on averagesited stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        842 words
      • 414 43 Cartbb I MO Mai 1016.5 0.8 15.8 o 14 106 0 06 26 D—«lty Water hiltw Art AlawlMaai S«<I«w< No abow £25 S 0 0 4 %nS" 300 An 964.5 0J 13.3 0.06 26 0.01 JL] 390 W O 10 17.9 0.14 48 0.04 N/N mi
        414 words
    • AIR & LAND TRANSPORT NEWS
      • 430 44 Airbus, Boeing engage in price war as they fight for market share Bloomberg [PARIS] Aircraft prices have fallen 20 per cent in the last two years, according to Aerospatiale, as Boeing Co and Airbus Industrie slug it out over market share.
        Bloomberg  -  430 words
      • 464 44 Reuters [LONDON] Forget women and children first. In a burning airliner on an airport runway the rule is survival of the fittest. "In these situations people don't think rationally. Young, fit males are the most likely to escape alive," said
        Reuters; FILE PHOTO  -  464 words
      • 608 44 Korean carmaker likely to be taken over by third party Reuters [SEOUL] The future of South Korea's ailing Kia Motors Corp looked even bleaker after the resignation of its chairman to take a top government job, analysts said. Former Labour Minister Jin Nyum,
        Reuters; FILE PHOTO  -  608 words
      • 247 44 AFP [COLOMBO) Sri Lanka, which is currently in negotiations with the Dubai-based Emirates airline, will not sell its national carrier, Air Lanka, for a "song", a newspaper here said yesterday. The Sunday Island said President Chandrika Kumaratunga has assured her people's
        AFP  -  247 words
      • 238 44 AFP [MANILA] Troubled national carrier Philippine Airlines (PAL) has urged staff to lend it money to ease the company's cash crunch amid the Asian economic crisis, a local paper reported yesterday. PAL president Jose Antonio Garcia asked staffers in a memorandum on Friday to
        AFP  -  238 words
      • 336 44 AFP [HONGKONG] Heavy fog threw Hongkong air traffic into chaos at the weekend, with more than 10,000 passengers hit by delays and cancellations, officials said yesterday. Airport said that as of 12.15 pm (0415 GMT) authorities had cancelled 24 flights, delayed 45
        AFP  -  336 words
      • 1669 44 CITY fltcm CT* RIGHT ETC Abu Dhabi 0M56 1725 HP92 1935 H«oi ****** 1310 **742 0905 CKB7 2235 »"5 1850 S0I76 1210 Ansttrdam K1843 0550 *P92 1935 WT<0 S0343 0755 $0328 2330 Hat*«l TC407 1540 TC408 1645 W.837 1540 KIB38 2335 MW5 WO W» W Aurtland N242M 2045 ****** 2045
        1,669 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 802 28 L NORTH AMERICA 1 EXPORT I OTHER DESTINATIONS I f. j?* SHUTTLE BXPWEBS WWECT TO LA F~l SERVICE TO WWTCOABT SOUTH AMPUCA/MU AHOW gXPfttßa mm w» lokl wr iMKoon msa vot 5 mmjmio mbawwwa atiAO M 1 OOdMMN 2*511 11/ M 11/ M 17/ M 01/ M 11/04 01/ M
      802 words
    • 54 28 SHIPPING LTD WEEKLY SINGAPORE CALCUTTA HALOIA SINGAPORE VMM IN VOY OUT VOY CALCUTTA SINGAPORE CALCUTTA STEAMER FORTUNE 108EB 109WB 04/03/98 11/03/98 16/03/98 MiREMAD 007EB 008WB 11/03/98 18/03/98 23/03/98 MINTS: Shipping Agonci•» (A Dtvition of Jordino Mutlmuii (Singapore) lid) Warilimo Squor* *10-46, WoHd Trod* Contro (Lobby D) Singapore *****3 Toll *****33
      54 words
    • 497 28 Lines services represented Memfcefs d the Registry ol Accreditea Sfwpong Agents Sngapore Sfnpp»ng Association Members of the tia»l Singapore Freight Forwarders Association Send out 48,000 -dbv copies of your sailing schedules around Asia. >^7^ Place an ad in... Shipping Times Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 x Jopon
      497 words

  • Page 29 Advertisements
    • 1050 29 TO EUROPE FROM EUROPE VRSa VOY SM RTM AM HAM NV SOU PIT ioT] IvHSII VOY RTM AM HAM MV SOU FIT 104 SuT HY COMMODORE SO9« 07/03 21/03 25/03 24/03 23/03 MOi AGAJT 4071 U/02 11/02 14/02 07/03 NOl PIARL 310(09/03 24/03 28/03 31/03 2S/03 NOL TOURMALIN! 20M 15/02
      1,050 words
    • 2158 29 H ANJIN SHIPPING USA CANADA* FOR VSI/VOY IMMI SM UNI MAUL/VOY SUTI TM 0« PO* OO MP Sf MT MEM Ptt P»»il TV« YU pTTZ H. FfUISTOVrt 0301 13/03 15/03 MtKT 03/04 04/ 04 05/04 05/04 00/04 00/04 07/04 00/04 01/04 00/04~ 09/04 05/04 ~09/04~ 00/04 H-HmSTOMOMI 13/03 15/03 CQIAIIg/102t
      2,158 words
    • 108 29 f^ gt ORIENT EXPRESS UNES (U.K.) LIMITED 01-.iL (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SiNGAPORE/MUMBAj (BOMBAY) SHUTTLE VESSEL VOY SINGAPORE lOWIAY VESSEL VOY lOWIAY SINGAPORE KEDAH 013 13/03 22/03 OOCL ADMIRAL 013 25/02 09/03 LEERORT 311 16/03 25/03 KEDAH 012 01/03 13/03 LEERORT 311 16/03 25/03 LEERORT 310 04/03 16/03
      108 words

  • Page 30 Advertisements
    • 1649 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDFTERRANEANCANADA VtSKI VOY SIN UH BTM WW HAM MY FU VtSKL WY MM BIT K FOS KC HI HJMM.TA WWII 11 n 2* 03 30 09 11 13 01 04 02 04 01 04 CMJFOIWUSai WMOI3 10 03 10 03 20 03 20 03
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    • 1217 30 LJNE Internet Web Site http. //www.ymlcomtw Liii j% *A Irk Jt *lA\* if ffc *1 Em4MI A<MWSS: c^72o^'«>— [2n2HZE3in*E!l22ill2n2]in2!nilZ2l!mniEn22^n2Sl232^E2m23 rwic *«L* EVERY ThursdaylHJNOAY VESSEL WO* SM CMB RTM HAM FXT L£M ANR MALACCA BRIOGE ABIOW 134)3 17/03 04/04 02/04 01/04 06/04 MING EAST JBIOW 154)3 01/04 03/04 04/04 06/04 MING
      1,217 words
    • 534 30 TEL: M ***** FAXt ***** 1 2^ MUARA LABUAN vtssa voy no fta vßsa vor rro m SPO« MUAIA SfOtE 1M i nosrat von/w 13/03 u/03 J «osra voti/w 13/03 17/03 Afwaotr von/w 17/03 20/03 AFttGuwr voti/w 17/03 21/03 i rtosrot voh/98 22/03 25/03 vok/m 22/03 26/03 APUaarr WW/91 27/03
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  • Page 31 Advertisements
    • 1509 31 I VESSEL VOY SIN BKK POU I PKO PCW BLW SUW IBA BIK IRAN SHOJAAT PJL-1271 18/03 24/03 IRAN TEYFOURI PJL-1273 18/03 27/03 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA, KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN, KIRGISTAN, TAOZHIKISTAN 4 GEORGIA VIA B. ABBAS, BIK AGENT IN SINGAPORE
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    • 2335 31 EVERY MONDAY DIRECT TO JAMM KOBE 7 MVS NAftOYA •t PAYS GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OfFKE.COSTAR SHIPPING PTE LTD #17-0# MS lIDG SALES/BKGS *****41/43 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CRNO: **********0 M TOWER TWO (*****9)
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  • Page 32 Advertisements
    • 1499 32 EUROPE AJK/SCANDINAVIA/FINLANO/RUSStA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E ROYAL RW 036 14/03 03/04 08 04 04/1)4 06/04 07/04 08,04 E GARLANO RE 052 06/02 10/02 09/02 1102 13/02 09/03 10/03 E REPUTE RW-013 21/03 10/1 M 15/04 11,04 13/04 14/04 15/04
      1,499 words
    • 1285 32 WLAM MAC-NELS b'PORE MSIA Carrier: MN CONTR LINES, INC I IV/V* I OWMOI **********0 C S1BU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUOMNG (062)*****1-3 MANILA ASHPOP MV "MARTRAVtLLER" V.99N MV "ZIM QINGDAO"
      1,285 words

  • Page 33 Advertisements
    • 523 33 MMk MYANMA FIVE STAR LINE (MyooNiar National liso) LoaAsf lor Yaogoo (Rangoon) vnsa vor sin pic pin pgu AVA 144W SID PAGAN 2S4W 10/03 MAUTSU AG4NTS: OOUSTEAD MOPPING AGENCIES KUL TH 02-03-*****00 PKL TH 02-03-*****01 PW: TH 02-04-*****02 PGD: m 02-07-*****21/4 BANK LINE (A Mrvk4 «f Andrew Wtir SMpfing) 1
      523 words
    • 1217 33 A HYUNDAI MERCHANT MARINE CO. UP. imsa vof m sou|uH|iTM|AXT|HAM|Mtv|Fa ifycsa vori sou lbi rtm ant 1 ham I riv Ipa I Ml HYCOMMOOORI 31W 01/03 25/03 28/03 26/03 NOtAGATI SOW 13/01 11/02 H/02 15/02 IS/02 14/02 07/03 MXPEARI 3IOW 09/03 25/03 24/03 21/03 21/03 21/03 31/03 TOURMAUM Nil 20/02
      1,217 words
    • 843 33 norweg*xi ipeciolized oufcxomori Bfsf/r&r 1 5 w°)3(°J(3 TO NORTH AND LATIN AMERICA jVtSSti VOY RAMP HEIGHT SIN ULX CRL MA SAV lAI 0«F NYC WPN MM TOURGOING FM6 400 Tow 6.3 M "lW 11/64 19/04 12/04 24/04 24/04 2T7oT 2170T WoT WoT TAPKXA FIO7 400 TOM 6.3 M 20/03 22/04
      843 words

  • Page 34 Advertisements
    • 914 34 IAMOKOK/LAIM CHAIAWQ J A KANT A/PAN JA HO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN RATHA BHUM" 04N 1(V03 13/03 ACX RUBY* 178 In Pt 12/03 NANTA BHUM 384N 10/03 14/03 13/03 OEJA BHUM 738S 10/03 13/03 12/03 SI NO OCEAN OCNQ6I 11/03 14/03 XETHA BHUM 227S
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    • 390 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD. SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I BlntMlu I Muara VESSEL VOT SIN fTU VfiY i«A 1 Sana V99OSE IH»/W 2V03 MU 13-14/03 If/03 ll** V9OOSE 23-24/03 29/03 M Jade VWO4E 17
      390 words
    • 597 34 A /ICCORD A SHIPPING PTE LTD TIL: ***** IS (40 Uhm) FAX: *****30 KmUAHB (03) 347 1001 K M DWfCT ACCESS TIL: *****55 (EXPORT BOOKING) MSVGUMW (U)tSUV7 *****34 (EXPOKT DOC), *****39 (IMPORT) PfHAMG (04) *****4■ IMUHTTP;//WWW.ACCORD.COM.SO JJUUUtTA (31)*****7* SAA^ row mtm pot ra sin pokt ita sin poit m sin
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  • Page 35 Advertisements
    • 384 35 INDONESIA NATIONAL LINE TO EUROPE IXPWEB3 BCMt-CONTAB<ERISEP SERVICE m »0Y I SPORi A'OAM/W DAM H'IURQ IHEMEM AMTWtHP Vt»StL 27/3 1/4 OMIT 5/4 TO AUSTRALIA FULL CONTAINER SERVICE y* wy mTSilw tm std mr m> mm. fk V»lf KCAffILA vans QM3 07D3 IM3 SHU HHB 2MB 2M3 miekuma voois urn i«n
      384 words
    • 838 35 f agggPlf PACIFIC INTERNATIONAL LINES (PTE) LTD I *****25?8Mh 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********06 I [VESSEL VOY m |"«N STD Mi UK Fit PHI SIN KOTAPEBTAAU PTMOOI 13/3 H/3 20/3 W/3 31/3 4/4 11/4 12/4 OOCIAHUTT 019 21/3 22/3 2/4 5/4 7/4 11/4
      838 words
    • 905 35 VESSELS VOY SW 1 JED MLA LEH HAM THP HTM VIU-EDE NORMA N24W 13/03 22/00 28/03 01 AW 04/04 01/04 03/04 02/04 VIU-E D 6 GEMINA H24W 19/03 28/03 02AM 07/04 08/04 11/04 11/04 12AM VILLE D'ORION V24W 24/03 01/04 08/04 gQ> 13AM 15*04 1504 i504~~ V-LE OE TANYA T2SW
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  • Page 40 Advertisements
    • 1238 40 —w SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 MM TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESS IC A/C ELIA/MEI CHAN 7 SLGS/WEEK 2 SLG/WEEK I VESSEL VOY SIN JAK VESSEL VOY SIN PLB MAERSK
      1,238 words
    • 609 40 M ENG LEE SHIPPING CO PTE HO I llOirQ T«l: *****7S Umil *****30/532*9*0 I I CKIto *****»*****< I VESSEL VOY SIN nA SIN ETD DESTINATION Moko Polo 4? 9706 09/03 11/03 Suotoyo Un<onSlwB 05/98 10/03 11/03 Perowong/Buoton Sinor Central 04/98 10/03 11/03 Pwowona/Buaton/PBoru Union Sior 18 03/98 10/03 12/03 ktoto/Suraboyo
      609 words
    • 524 40 m FAR EAST 15/03 KEELUNG/KAOHSIUNG 15/03 BANGKOK 09/03 MANILA/CEBU 15/03 JAKARTA/BELAWAN/SURABAYA 15/03 PORT KELANG/PENANG/E. MALAYSIA 17/03 BUSAN 15/03 TOKYO/YOKO/KOBE/NGO/OSA 15/03 HONG KONG SJN CHINA 15/03 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/OINGDAO/HAIKOU m EUROPE/UK 15/03 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 17/03 LOS ANGELES/NEW YORK all IPI points
      524 words
    • 493 40 Singapore Soviet Shipping d&Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL KUO CHANG 110N 14/03 21/03 01/04 02/04 KOTA RAJA RJAOO7 21/03 27/03 07/04 06/04 KOTARATU RTUOOS 26/03 03/04 14/04 15/04 KUO CHANG 111N 04/04 12/04 23/04 24/04 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA VESSEL
      493 words

  • Page 41 Advertisements
    • 979 41 mom mwm u® ADELAIDE EFFECTIVE FROM MSC CHINA V.OOIA ETA SINGAPORE 22ND MARCH 1998 ASIA AUSTRALIA EXPRESS SERVICE [VESSEL VOY SIN FEE -ADL MEL I SYD I BNE I MSC BUSAN 006 A 29 MAR 04 APR 09 APR 12 APR 15 APR MSC YOKOHAMA 004 A 05 APR 11
      979 words
    • 1838 41 yissa/vorm I swtt I sou 1 htm I ham 1 ta I vksh/voyagisou m nam um stok kok I moon I twm Imrm MYKAMTABfS 03MII0 1103 2103 3103 31.03 04.04 rnunm imuT um ~U«""TTM""IHT~™^T~""TTXr"TT^P" KTK AMOROMLDA 02WMI1 19.03 04.04 04.04 07.04 11.04 235 SST I?" VJI "J Jt"£ ifS 1!«
      1,838 words

  • Page 42 Advertisements
    • 443 42 I VESSEL VOY SIN MAA SIN I TIIGER ISLAND 609N 05-07/03 11-15/03 19-20/03 I TIGER BRIDGE 610N 09-10/03 15-18/03 23-24/03 I TIGER BAY 61 IN 13-14/03 18-22/03 26-27/03 I TIGER WAVE 612N 16-17/03 22 25/03 30-31/03 I TIGER ISLAND 613N 19-2003 25-29/03 02 03/04 I TIGER BRIIDGE 614N 23-24AJ3 29-01/04
      443 words
    • 958 42 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapore *****1 wMr Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg REGULAR LCL FCL SERVICE ALEXANDRIA(ALY)/ VALENCIA(VLC)/ BARCELONA(BCN)/ MALTA(MLA) Eld SIN BoALY Eta VIC Eta BCN Eta MLA HYUNDAI TRUSTY V 7098 13/03 01/04 EVER GUEST V0202-065W 16/03 12/04 HAMBURG EXPRESS VIBWDII 20/03
      958 words
    • 1130 42 OOCL (Singopore) Pte Ltd CFS Keppel Distrpk For booking i 79 Anton Road #21-04 (S) *****6 Mk 513 #***** t enquiry :YB\ V CR NO IIS7I7SOOOOH W: 272 7827 coil 3269 IAO M: *****)3 Hi 22) 3942 F«x: 272 7825 NORTH AMI RICA USA/ CANADA AUSTRALIA TO USA Id -CHI
      1,130 words

  • Page 43 Miscellaneous
    • 128 43 LEGEND: R Thunderstorm Temperoture V Shower Weother -V Wmd Section with speed jn knots ee Rom Cloudy Sky Wove height Surfoce wmd, ore widicoted by arrows wlwch Hy with the wind One h* crcte repr«ents catm or Nght ond vonoWe One ho« Heche represents 5 knots I— One M Heche
      128 words

  • Page 44 Advertisements
    • 24 44 Established Logistic and NVOCC Company seeking an experienced person in taking on the challenge in above sales position. Interested candidates please phone 324 6160
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