The Business Times, 24 March 1998

Microfilm: NL21174
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    23 1 THE BUSINESS TIMES MIT A (P) 110/12/97 85c S I N G A P 0 R E Internet: http://www.asial.com.sg/biztimes TUESDAY, MARCH 24, 1998
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  • Article
    MARKET SUMMARY
    71 1 OTII IfMQ.44 (-18.67) BT-SRI ***** (-9.21) BTOOUP M»JS (-6.59) nVTBQA M ***** (-5.46) El BASKET MOOD: illZßd STOCK MABKET INDICES Monday Change KLSE COUP 736.79 +4.66 NIKKEI *****.83 +38J6 HANO SENO 11,***** +30.10 SET INDEX 603.67 +3.92 JAKARTA COMP _i 16J2 4.41 MANILA COMP __2J 10.06 +36.92 TAIPEI
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  • Article
    FINANCE
    72 1 FOIEX BATES us* ss USS 1.603 £(l'S$/S$ per 1.668 1671 DM 1.835 0-871 YEN 130.6 1228* MS 3576 0.448 HKS 7.748 0207 BAHT 38.75 0.041 RUP1AH 9225 0.017* •SftolOOuntU ram bates SINGAPORE* 7.81 KUALA LUMPUR llid JAKARTA _28.« BANGKOK 14.75 MANILA 22J0 HONGKONG 10.26 TAIPEI JJ| SYDNEY 8.45 TOKYO
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  • Article
    KL regulators take over at Halim Securities
    694 1  -  RMlOm default against clearing house; Halim among 9 ordered to merge or recapitalise From Eddie Toh in Kuala Lumpur MALAYSIAN stockmarket regulators yesterday took the unprecedented step of directly administering a troubled firm controlled by businessman Soh Chee Wen and ordering eight other
    694 words
  • Article
    Parkway earnings slide 59%
    534 1  -  Poorer results due mainly to $23m exceptional loss By, Jenny Lam [SINGAPORE] Healthcare and property group Parkway Holdings yesterday reported a sharper-than-expected 59 per cent plunge in net profit to $19.7 million due mainly to a $23 million exceptional loss. Analysts had expected a profit of
    534 words
  • Article
    Lock icon Shortage of imported inputs choking off Asian exports
    469 1 Export growth seen falling to 2.6% despite currency depreciations Reuters [SINGAPORE] Tumbling regional currencies may not lead to the much-heralded flood of Asian exports to the West because imports of the raw materials needed to fuel the boom have dried up, industry
    Reuters  -  469 words
  • Article, Illustration
    Lock icon Hearing it from HK's justice secretary
    69 1 {I lONGKONG) Elsie Leung, the Secretary for Justice who has been put under the spotlight over the Sally Aw affair, arriving to appear before a panel of the Hongkong Legislature yesterday. Ms Leung's appearance before lawmakers follows public clamour for an explanation of her
    AFP  -  69 words
  • Article
    Indonesia reverses decision to impose 5% tax on forex deals
    835 1  -  Short-term interest rates raised; rupiah strengthens to 9,100 From S N Vasuki in Jakarta INDONESIA yesterday abruptly reversed last Friday's decision to impose a 5 per cent tax on foreign exchange transactions and instead raised short-term interest rates in a
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      130 1 DfSmE not property When was the last time you remembered a 435unit property launch sold out in a week? One just did, Pf 2 Hock Lick Stew What's wrong with Hong Leong Asia? The company has a lot going for it and yet its stock is trading at a discount
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      9 1 Asia will rebound from crisis in 3years, Pg 6
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      115 1 SingaPort '98 SingaPort '98, the foremost international maritime exhibition in Asia, opens today at Singapore's World Trade Centre. To mark this major event organised by PSA Corp, Shipping Times brings you today a special eight-page supplement which examines the problems and prospers facing the maritime industry in Asia. Don't miss
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  • SINGAPORE AT HOME & ABROAD
    • Article
      All 435 Villa Verde units launched by KepLand sold
      447 2  -  Not known if developer will release early 80 units it holds back By. Abdul Hadhi ALL 435 units in Keppel Land's 99-year leasehold landed project Villa Verde launched just over a week ago are sold. The last time a major project
      447 words
    • Article
      Conversion to Land Titles system being speeded up
      401 2  -  Diana Oon THE Ministry of Law is speeding up its conversion of private land titles from the old common law Registration of Deeds Act to the system of registering titles under the Land Titles Act 1959. The Land Titles system is a
      401 words
    • Article, Illustration
      Lock icon Habitat may sell 2 projects en bloc if prices are right
      557 2  -  Asking price: $lllm for Anderson Green, $26m for Gilstead 38 By< Jenny Lam INDONESIAN-owned Habitat Properties is quietly seeking buyers for some of its sites and condominium projects in Singapore. Sources told BT that the firm owned by the
      ARTHUR LEE  -  557 words
    • Article
      THL makes oodles from instant noodle sales in China
      384 2  -  Success earns firm Overseas Enterprise Incentive award ft,] Frances Lui PEOPLE told Edwin Tsai he was selling ice to the Eskimos when he tried to break into the Chinese convenience food market with instant noodles about five years ago. Today, China
      384 words
    • Article
      Innovation Centre expands facilities
      127 2 THE second stage of the Innovation Centre will be launched today, expanding the "business incubation" facilities in the Science Park for high-technology start-ups. Housed at the Gemini building at Singapore Science Park 11, the $8 million centre has room for another 26 start-up firms and provides
      127 words
    • Article, Illustration
      Lock icon Inflation eases to 0.9% in Feb
      311 2  -  EYE ON THE ECONOMY Inflation By. Audrey Tan CONSUMER prices rose a mere 0.9 per cent year-on-year in February, despite higher health and housing costs. Figures released yesterday by the Department of Statistics (DOS) show inflation eased for the fourth month in February, down
      Source: Dept of Statistics  -  311 words
    • Article
      S'pore Power eyes existing projects in region
      256 2  -  These include developments facing payment problems By i Carol Eng TAKING advantage of opportunities thrown up by the regional crisis, Singapore Power (SP) is looking at investing in existing power projects in neighbouring countries, said chairman Ho Kwon Ping yesterday. Potential projects include
      256 words
    • Article
      Why volunteers drop out of community service
      251 3  -  By, Kau Yi Kang INEFFICIENT management of volunteers and the lack of activities to promote group ties among them these are two key reasons why people drop out of voluntary work, according to a study. The lack of a clear induction programme, a
      251 words
    • Article, Illustration
      Lock icon Millenia Walk tenants in protest shutdown
      587 3  -  They seek rent cut, concessions; landlord says it's doing all it can By Frances Lui PONTIAC MARINA, the developer of Millenia Walk in Marina Centre, is once again. embroiled in a row with its tenants over poor shopper traffic. More than 20 retail tenants
      FILE PHOTO  -  587 words
    • Article
      Two new categories for National IT Awards
      187 3  -  By\ Raju Chellam SINGAPORE'S premier information technology awards, the National IT Awards, opened for nominations yesterday with two new categories. The awards are given once every two years by the National Computer Board (NCB) and seek to honour both IT vendor and user
      187 words
    • Article
      PM Goh starts whirlwind visit to Myanmar, Thailand
      404 3  -  Business delegation will also accompany him for Yangon stop From Ronnie Lim in Yangon PRIME Minister Goh Chok Tong is making a whirlwind three-day two-stop visit to Myanmar and Thailand starting today, continuing the flurry of intra-Asean meetings among regional leaders aimed
      404 words
    • Article
      Lock icon Europe should show concern over turmoil, says PM Goh
      304 3 The Straits Times EUROPEAN nations should be seen to be concerned about the economic turmoil in Asia and change public perception that they are holding back from helping. Prime Minister Goh Chok Tong said. And European investors should look at countries
      The Straits Times  -  304 words
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      26 2 Will KepLand start a second price war? Pg 4 Buy It. Sell It. Find It. /Iv, Classified. M Call Today For Results Tomorrow, I^ 7 5
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      Page 2 Advertisements Column 2
      157 2 B Terrace factories for sale A quality development by Arcasia Land, First Capital Corporation Ltd and Waterbank Properties 4-storey units with total gross floor areas from 13,000 to v\ 30.000 sq ft. T Straight 60-year leasehold with Y"*" V/\ ndki no land rent. I Distinctive and efficient building Hocinn u»»
      157 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Will KepLand start a second price war?
      616 4  -  188 PROPERTY COLUMN To boost cash-flow, it may slash condo prices after cuts at landed Villa Verde By Lee Han Shih OF THE half dozen major private housing developers in Singapore, Keppel Land (KepLand) has turned out to be the one which finally
      616 words
    • Article, Illustration
      Lock icon S'pore office occupancy costs down 23%
      388 4  -  Fall tacts relative cost advantage against HK, Tokyo By, Ang Wan May THE currency and stock m&rktet turmoil has lowered office occupancy costs in Singapore, bolstering its relative cost advantage against Asia's other Financial centres, Tokyo and Hongkong. In a report on the impact
      Source: Jone Lang; FILE PHOTO  -  388 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      790 4 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Service LABROY MARINE LIMITED (Incorporated in the Republic of Singapore) The Directors of Labroy Marine Limited wish to announce the unaudited results of the Company
      790 words
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      Page 4 Advertisements Column 2
      97 4 C Didn't yw know? I read it in A Cit»* Htwt in Smdiy Clmifitd tfcii wttkmd. J 19TAI SENG DRIVE FOR SALE BY TENDER Description' 6-storey purpose-built light industrial building Built-in Area 89,245 sq ft (approx) Land Area 42,314 sq ft (approx) Tenure JTC leasehold, 30 +30 years w.e.f. 1
      97 words
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      Page 4 Advertisements Column 3
      90 4 Corporate Industrial Building in Tampines FOR SALE Land Area Approx. 161,500 sq ft Built-in Approx. 108,000 sq ft Tenure HDB lease 30 +30 years w.e.f. 1989 Excellent condition and corporate identity For more details, please contact Sole Marketing Agent Richard Ellis (Pte) Ltd Tel: 224 8181 FOR SALE BY TENDER
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      Page 4 Advertisements Column 4
      65 4 INDUSTRIAL PROPERTY FOR SALE I CENTRAL I I LOCATION Built-in 360,000 sq ft Land area 230,000 sq ft Tenure Balance 33 years No ground rent payable 3 mins walk to MRT Within established housing estate Main road frontage Suitable for light/high-tech industries Sale lease back or vacant possession For more
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon Asia's "poorer' billionaires
      329 5 AFP [HONGKONG] Asia's tycoons are feeling the pinch amid the region's economic turmoil, with some of them scraping by on their last few billion US dollars or so, according to a new Forbes survey. Forbes magazine's annual "Global Power Elite" survey of the world's wealthiest people shows
      AFP  -  329 words
    • Article
      Apartment sector holds hope for Thai property market
      518 5  -  Expat occupancies, rentals holding up well; JLW report From, Harish Mehta in Bangkok THE sole glimmer of hope in Bangkok's depressed property sector is the apartment market targeting expatriates, which outperformed all other property sectors, and was not impacted by the severe
      518 words
    • Article
      S&P downgrades ratings of three HK banks
      546 5  -  Gnoco's D&o Heng among those hit; SAP says revision reflects tougher environment From Quak Hiang Whai in Hongkong CREDIT rating agency Standard Poor's yesterday downgraded the long-term outlook for three Hongkong financial institutions which included Quek Leng Chan's Dao Heng Bank. Its rating
      546 words
    • Article
      Lock icon Anwar: Don't use political clout on banks
      279 5 Economy may get hurt if banks bow to political demands for loans, he warns AFP [KUALA LUMPURJ The banking sector will run into trouble if companies use political clout to extract loans, Malaysia's Finance Minister Anwar Ibrahim has warned, according to media reports
      AFP  -  279 words
    • Article
      Lock icon Asia will rebound from crisis in 3 years: Krugman
      381 6 Bloomberg [MANILA] Asian countries will rebound from the regional currency crisis within three years, making them good places to invest, while US stocks look dangerously overvalued, Massachusetts Institute of Technology economics professor Paul Krugman said. "The prospect for an Asian recovery
      Bloomberg  -  381 words
    • Article
      Tourism in E Asia, Pacific region grows a mere 1%
      301 6  -  Asian crisis cited for worst tally among regions worldwide By David Boey [SINGAPORE] The Asian economic flu has dampened the region's tourist industry, with East Asian and Pacific countries recording the smallest growth in international tourist arrivals last year among
      301 words
    • Article
      Lock icon Labuan's tax haven operations affected by regional crisis
      537 6 Bat some players may take advantage of Asia's woes to set np shop Reuters [KUALA LUMPUR] Malaysia's eight-year-old tax haven on Labuan island attracted hundreds of new companies last year, but Asia's financial crisis squeezed operations at banks and insurers, Labuan's regulator
      Reuters  -  537 words
    • Article
      Lock icon Long ailing peso does fine without its safety net
      485 6 Unit closes at 37.69 after volatility band withdrawn Reuters [MANILA] The Philippines' long-ailing peso survived its first foray into the free market yesterday after months of being cushioned by a safety net. The peso rose to 37.550 to the US dollar
      Reuters  -  485 words
    • Article, Illustration
      Lock icon Seoul bank suspended till April 30
      174 6 AFP [SEOUL] South Korea's finance ministry yesterday suspended the operations of First Merchant Banking Corp until April 30, prompting hundreds of investors to swamp branches to get their money back. The ministry said Shinhan Bank, the merchant bank's largest shareholder with 7.3 per cent,
      AFP  -  174 words
    • Article, Illustration
      Thai spice for woes
      582 6  -  LETTER FROM BANGKOK Creative humour is good medicine in hard times By Harish Mehta THAILAND'S economic downturn is bringing out the best, and worst, of Thai humour. Much of it borders on the bizarre. A tourism company in Bangkok is advertising its cruises as "Thai-tanic". Titanic
      582 words
    • Article, Illustration
      Lock icon Ringgit up 3% on hopes of new ownership rules
      355 6  -  Other regional nnits lifted by progress in Jakarta-IMF By Larry Wee [SINGAPORE] Optimism that the Malaysian Deputy Prime Minister will announce significant relaxation of ownership rules today to strengthen Malaysian companies and banks boosted the ringgit yesterday. Traders reported a particularly
      Source: Dow Jones  -  355 words
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      266 5 m EPSON With Our Earth Epson's latest big advancement J!SL in printing technology is thinner than a human hair. i Print head containing 192 Micro Piezo nozzles. size. MlCrO PieZO Technology. The result is brilliant color, sharp printing and true photo A new Standard Of printing quality. And Micro Piezo
      266 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Indon Muslim leader says govt paranoid about change
      415 7 JAKARTA Bid to maintain status quo driving crackdown on dissent: Amien Rais AFP THE Indonesian government's paranoia about change is driving a crackdown on dissent, vocal Muslim leader Amien Rais said yesterday. "There is a paranoid psychology on the part of the
      AFP  -  415 words
    • Article
      Lock icon Brunei health minister sacked amid smog woes
      238 7 BANDAR SERI BEGAWAN Sultanate suffering from effects of Borneo forest fires Reuters THE Sultan of Brunei sacked his health minister yesterday amid controversy over worsening smog in the South-east Asian country. Sultan Hassanal Bolkiah said in a statement issued through the Prime Minister's
      Reuters  -  238 words
    • Article, Illustration
      Lock icon Health fears grow as fires rage in East Kalimantan
      354 7 JAKARTA Reuters THOUSANDS of residents of the Indonesian city of Samarinda have fallen ill because of thick smoke from forest fires in East Kalimantan province, the official Antara news agency reported yesterday. Visibility in the city dropped to 100 m on
      Reuters; AFP  -  354 words
    • Article
      Lock icon Asean to seek special statement on crisis at London talks
      338 7 NASUGBU, Philippines It will call for more help to address currency woes AFP THE Association of Southeast Asian Nations (Asean) will seek a special leaders' statement at a London meeting urging other nations to do more to address the regional
      AFP  -  338 words
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      237 7 IgH V ■i^P-< BH^H ITT y|jjjTi| J» %YX I f ■KSBK^2Eih3EuS^^^^^^lllll^^^^ll^^^^^^h i rf -J I 4«Sr. >"'• 5? "■*£.*< Mffr^^f-'--1 >^Sw ft I mT V*^T' •>:... v*v*. «&4'4- jj > ~<*■■ > '-•oji y .7i Hyp* w<# y Y f v ♦> W*m x **3i Aspiring higher. Exploring further. HH
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  • CHINA-HONGKONG-TAIWAN
    • Article
      HK govt won't bow to pressure on Sally Aw
      409 8  -  Justice Secretary Leung denies charges of favouritism, calls for patience From Loh Hui Yin in Hongkong JUSTICE Secretary Elsie Leung yesterday said she would not "bow to external pressure" and would continue to act independently in carrying out her duties, particularly
      409 words
    • Article, Illustration
      Lock icon Taiwan invites new Chinese PM for a visit
      505 8 TAIPEI Bat offer of olive branch unlikely to lead to talks soon: analysts AFP TAIWANESE Premier Vincent Siew lost no time in offering an olive branch to new Chinese Premier Zhu Rongji when he invited him to visit the Nationalist island. But
      AFP; FILE PHOTO  -  505 words
    • Article
      Lock icon Shell tie-up in China will spur growth, say reports
      322 8 BEIJING AFP A RECENT US$4.5 billion (557.2 billion) foreign joint petrochemical venture will bring a host of other would-be foreign investors to southern Guangdong province for related industries, reports said yesterday. Oil giant Royal Dutch/Shell signed an agreement with three Chinese
      AFP  -  322 words
    • Article
      Lock icon Foreign investment flows into China rise despite Asian crisis
      356 9 BEIJING Actual inflow np 2% in Jan and Feb this year as investment approvals surge 24% Bloomberg CHINA'S foreign investment inflows rose in the first two months of 1998, as spending by US and European companies offset a drop in investment
      Bloomberg  -  356 words
    • Article, Illustration
      Lock icon Model of the future
      73 9 [BEIJING] Visitors viewing a model of the Qinshan nuclear plant phase 11, on display at the Nuclear Exhibition in Beijing yesterday. The plant is under construction in Jiangsu province near Shanghai. China's nuclear energy sector is to be completely restructured with the disbanding of the China
      AFP  -  73 words
    • Article
      Lock icon HK inflation rate down to 4.5% in Feb
      213 9 ■HONGKONG AFP HONGKONG'S inflation rate fell in February to 4.5 per cent year-on-year, from 5.1 per cent in January, according to government figures released yesterday. The consumer price index (A) tracking the 50 per cent of Hongkong households spending between HK52,500 (*****.50)
      AFP  -  213 words
    • Article
      Lock icon Beijing poised to play influential role in Asem in April
      412 9 BEIJING Factors in its favonn weathering of Asian crisis, new premier AFP CHINA is likely to be an especially influential player at the Asia-Europe Meeting (Asem) in April after weathering the Asian financial crisis and with a new premier deemed
      AFP  -  412 words
    • Article
      Lock icon First 2 Chinese mutual funds a hit with investors
      367 9 SHANGHAI Stock market falls as investors sell shares to buy funds, say sources AFP EAGER investors crowded stockbroking firms yesterday to buy China's first two mutual funds while the stock market eased as traders sold shares to raise cash to buy
      AFP  -  367 words
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      10 8 9 k The StraitsTi 11 tcs I 1 Ki?-m&i-K w
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      Page 8 Advertisements Column 2
      142 8 Today's modem office has to be I efficient as well as impre ss/ve, (11 S especially if you come into frequent contact with your clients. Thus selecting the right —X l|M i Introducing the VERTICA Furniture System IjiF I I II MM -the most comprehensive furniture system furniture sys t
      142 words
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      Page 8 Advertisements Column 3
      127 8 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 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,
      127 words
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  • Page 9 Advertisements
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      41 9 1BIS1:I#. wy s#iliiL A Singapore-Hyderabad non-stop Sunday and Tuesday EFFECTIVE MARCH 29, 1998 y with you in Singapore tine* 195*. e»—«r "-a* ■Mil. EAT'S A SUNDAY Yummy ideas for Sunday breakfast, brunch and lunch The New Paper Fastads; every Saturday. fjOSt&CfS
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      119 9 The 1 Straits Times. Now j Available In French. Bon appetit! It's a delicious offer brought to \on b\ The Straits Times and Deli trance. And the best part is it's the perfect deal for two. Order a Breakfast Set at any Deli trance CafeBakery or Sidewalk Cafe and you'll
      119 words
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  • ASIA
    • Article
      Doubts over LDP plan to boost economy keep markets subdued
      582 10  -  Economists fear row over quantity and quality of stimulus could dilute package From Anthony Rowley in Tokyo JAPAN'S ruling Liberal Democratic Party (LDP) is due to publish an outline of its new economic stimulus package tomorrow but financial markets were
      582 words
    • Article
      Lock icon India's currency ratings outlook stable, says S&P
      520 10 NEWDELHI Agency does not expect new BJP-led govt to last fall term Reuters STANDARD Poor's said yesterday that the outlook for India's long-term foreign currency rating of BB+ and local currency rating of BBB+ remained stable. "The new government is likely to continue
      Reuters  -  520 words
    • Article, Illustration
      Lock icon Flower petals for Indian martyr
      77 10 [NEW DELHI) Sonia Gandhi sprinkling flower petals near a portrait of Indian martyr Shahid Bhegat Singh, who was hanged by the British authorities for throwing a bomb in parliament in 1931. She was attending the commemorativefunction at the Congress (I) Party headquarters yesterday. The Congress
      AFP  -  77 words
    • Article
      Lock icon Spirit of Big Bang vital to Japan's reforms: banker
      534 10 TOKYO Success hinges on raising old rules to global standards Reuters JAPAN's "Big Bang" reform is more about spirit than technicalities, says Yukuo Takahashi, managing director of the global trading division at Chase Manhattan Bank's Tokyo branch. "Make or break for
      Reuters  -  534 words
    • Article
      Lock icon Japan insurers back in property: report
      220 10 TOKYO AFP MAJOR Japanese life insurance firms will resume investing in property after lower land prices cut the cost of developing commercial buildings, a leading newspaper said yesterday. Nippon Life Insurance Co plans to invest 600 billion yen (557.4 billion) in new real estate
      AFP  -  220 words
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      1085 10 cri M PACIFIC CARRIERS LIMITED mcoirowra in m kwiik or siNuran The Directors of Pacific Carriers Limited wish to report as follows to shareholders:UNAUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1997 The Group The Company 1997 T 1996 Vorionce 1997 1996 Vorionce $000 000 $000 000 1 a) Turnover
      1,085 words
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  • FOCUS
    • Article, Illustration
      Lock icon Dilemma of coalition politics
      871 11  -  India's BJP faces the challenge of keeping the new govt intact without radically changing its own ideology Yogi Aggarwal [NEW DELHI] THE Bharatiya Janata Party (BJP) has waited for this moment for years. Finally, as BJP leader Atal Behari Vajpayee was sworn in as prime minister
      FILE PHOTO  -  871 words
    • Article, Illustration
      Will Congress be trapped in dynastic politics?
      779 11  -  COMMENTARY Unless Sonla Gandhi proves to be an astute leader, she may be a mistake the Congress will regret By Yogi Aggarwal FOR years a myth was built around Sonia Gandhi's sphinx-like enigma, her Monalisa smile. Even when she finally decided to campaign
      779 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      429 11 For the first time, the co-location I OPEN TO °f Asia's four most important ffll TRADE PUBLIC! exhibitions tor the marine, dive and sports fraternity presents: BOAT ASIA Expo hUUIs 2,4,5,6 and More than 400 exhibitors, including 1 9 9 8 On-water Display at the national groups and major key
      429 words
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      Page 11 Advertisements Column 2
      191 11 Maple Garden's HAPPY Price II tvitAont 4 pinch in tki pock.it viianhe MM HAPPY Prices j Northern Southern China Delicacies jI Set Menu. Original Price: per person j >r7E WJ/S iS Special HAPPY Price: $29.80 per person j fc. h■■■ m-a mSM <min 4 p ers ns £m JE3 Hi
      191 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Yeltsin sacks govt, says reforms will stay on track
      496 12 MOSCOW Reform-minded fuel and energy minister appointed acting premier Reuters PRESIDENT Boris Yeltsin yesterday dismissed Russia's entire government in a shock announcement but said reforms would stay on track. "The dismissal of the government does not mean a change of course
      Reuters; REUTERS  -  496 words
    • Article
      Benchmark Brent crude jumps US$1.68 a barrel
      546 12  -  Dow down 56 at lpm EST, with airline stocks hit hardest From] Neil Behrmann, Andrew Marks in New York OIL prices soared yesterday on news of a new pact to cut oil production, with benchmark Brent crude surging US$l.6B to U5514.90 a barrel.
      546 words
    • Article
      Lock icon Surprise deal to cut oil output set to bolster prices
      290 12 LONDON FT A SURPRISE deal to shore up sagging world oil prices was struck at secret talks in Riyadh on Sunday when Saudi Arabia, Venezuela and Mexico agreed to cut production. The deal could pave the way for as much
      FT  -  290 words
    • Article
      Lock icon Malaysia won't slash output say traders
      205 12 SINGAPORE Bridge News, AFP ASIAN crude traders said yesterday that Malaysia reportedly will not cut its oil output as part of plans announced by Opec members, and at least one non-Opec country, to cut oil production in order to help bolster sagging world prices.
      Bridge News,; AFP  -  205 words
    • Article
      Lock icon Investors should sell US stocks: top economist
      145 12 MANILA Reuters TOP international economist Paul Krugman yesterday said investors should sell US stocks after the record run in Wall Street. "I think it's sell North America, which really looks overvalued right now," Mr Krugman, a professor of economics at the Massachusetts Institute
      Reuters  -  145 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Bells could cost US its treaty with Manila
      758 13  -  THE BOTTOM LOVE OPINION By Al Labita The writer is BT's ManUa,correspondent IN A manner typical of US-Philippines relations in recent years, Washington's push for an agreement on the status of visiting US soldiers during joint military exercises is mired in a
      758 words
    • Article
      IN OTHERS WORDS
      158 13 Tve made a career after a fashion of suggestingthat there was nothing uniquely right here (fn Asia), but now let me say there is nothing uniquely wrong either.' Paul Krngman Massachusetts Institute of Technology economics professor, who now says Asian countries will rebound from the regional currency
      158 words
    • Article
      Zhu reassures Hongkong
      550 13 EDITORIAL Hongkongers looking for signs of their new prime minister's attitude towards the Special Administrative Region would have been reassured when Zhu Rongji and other top Chinese leaders expressed satisfaction with how their government has conducted itself, particularly in Asia's financial crisis. Indeed, it seems that Beijing
      550 words
    • Article, Illustration
      Lock icon Asia: optimism returns
      962 13  -  ESS Economist's View 5. Investor confidence has rebounded, but risk of farther volatility remains By Winston Koh INVESTOR confidence in Asia's financial markets seems to have rebounded, as seen in the renewed inflows of foreign ftinds Jnto the gion's stock markets and in stronger exchange rates. This
      FILE PHOTO  -  962 words
    • Article
      Many small HDB estates aren't cabled
      179 13  -  MAILBOX M Wong Singapore I REFER to an article headlined "New SCV instalment plan (BT, March 20). I don't think the statement in the sixth paragraph is true. It gives a false impression that SCV has successfully cabled all HDB estates other than those
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    • Article
      Asians should keep eyes on life's real prize
      258 13  -  Paul Casson US, via Internet THE late Reverend Dr Martin Luther King once stated: "Keep your eyes on the prize." It is a wise saying, which I feel all of Asia could do itself well to heed. At this very moment, the
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    • Article
      WHAT THE OTHERS SAY
      431 13 Spectre of TB returns A STATEMENT issued by the World Health Organisation should finally put paid to the illusion that modern medicine is winning the war against killer diseases such as tuberculosis (TB). The organisation is ringing a compelling alarm about TB as the world prepares
      431 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Golf index driven to new low
      419 14  -  Mini rally in stock market seems to have done little for club membership prices, says vem sreehivasam VEN SREENIVASAN v THE mini stock market s rally of the last few weeks seems to have done lTttle for golf club membership prices in the secondary
      419 words
    • Article, Illustration
      Lock icon A worst record for The Postman
      330 14 MOVIES AFP [LOS ANGELESThe Post man, directed and"-Btarring Kevin Costner, was chosen on Sunday as the worst* movie of the year in the lflth ahnual edition of the Gojden Raspberry Foundation, best kncnyn as theßfczsiefc* v \VThai aVardj -are handed out each-year oo the
      AFP; FILE PHOTOS  -  330 words
    • Article, Illustration
      Citibank B tops Corporate Golf League
      711 14  -  Team bonnces back in searing heat to beat SKF by a point By Alan Clark [SINGAPORE] Citibank B team captain Jeremy Soo Jed his team to victory in the latest Citibank Business Times Corporate Golf League played last Friday with golf that matched the
      711 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      178 14 I'«'. i r TheßusinessTimes SINGAPORE n 9 l PREMIERES UE&HIHvSMni QHi jCX ■BhlEk <uk yL, jHQN 2 ■H&V Jil iiW As, i9\ |^a| f| Mf _481 4E3 Watch this space as your prize unravels. T The Business Times, your business daily, now brings you the latest from Bvlgari Parfums. Get
      178 words
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      Page 14 Advertisements Column 2
      19 14 r Locate its owner through Classification 821 (Faitod). Simply call C«A.T.S. at 1800-737 r 11<» for >'« OMSjned Sejvtoe 'C
      19 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      174 14 THE WEATHER Singapore: Fair. Tempera ture<32-26) AtU-Paofflc Hl/Lo* Oaoi Europe Hl/Lo* Cood. Aaw4« B/U* Cood. \urkland »16 Sunny AMtajka,— i_ 07/00 CVwiy Buenos Aire* 21/11 Sunnv Bangkok —1 **■"*> Cloudy Ateas. I su-.. ST 12/02 aoy* Hfrtn Of-5 *5> ftmhav »24 (Toudy Boa 07 DO <**& H"***"Bhh*, J.%'26 Haz> Oipetihnjjen
      174 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
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      675 words
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      Page 15 Advertisements Column 2
      138 15 i Ss£ MB J3B RieAing Grant) Cru Kirtcbbery 19%, A f) Vineyard Snaib 6 FmgUp with Beer oAisace We bring you the wine Zjl cuisine of Alsace. 27 March 8 April Bon A PP etit! Please call 831 6258/9 «\7.^7«« for reservations. iwiiuw Sp+m+oT*: CHtf Nl#»! VtlTfN AM CIIMtCI IfLVCMDt?C
      138 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      800 15 TV&BAPIO Premiere 12 8.30 Fame Awards (Talent 10.00 TV Shopping Network. Search Programme). LOO PM TV Innovations. v hi *30 PM TV Innovations. 9>30 Team Knight Rider. 3.00 CDIS. Y >lf iT 4.00 Kidz Blitz: Festival of 1030 NewssTonight. 4.00 Chinna Chinna Aasai ~J ft t Family Classics Cin- 11.00
      800 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      289 15 CRYPTIC CROSSWORD 1 Details of problem suggest reducing staff as solution (5,3,7) HI WM fIH H| IH 9 Opposed to profit, in a way (7) 10 In outskirts of Tewkesbury, 9 I wise woman is nervous (7) mm mmm mmJ 11 Animal proverbially getting m |H things back to front?
      289 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      355 16 Ti j|| "v JT-"'^.-is ICi''-<p4 -yjj* fc: y* y.« j£» jf-forj'WiSiSi r> u fy'-.'' f y*\'&~'> 4 rv■ v V"!» r *A -7< •.'ss£. w?,.*■ s'aj? **7*-; ■.>' v .W f *ly 'if' .nv'f, vpv* i"..'- £p~ v,• w-'iV* i- i <*■ -i -T* Thr" t t'3r S.3^g&."**'- V', ,:f
      355 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Shangri-La Hotel's earnings down 10%
      475 17  -  Company warns of weaker 1998 results as refurbishment enters fall swing By, Ang Wan May [SINGAPORE] Shangri-La Hotel yesterday posted a 10 per cent drop in net earnings to $17.9 million for 1997 and warned of even weaker results this year. Earnings per share came
      FILE PHOTO  -  475 words
    • Article
      DBS Land clarifies issues
      572 17  -  LETTER TO TOE EDITOR Mrs Lim Joke Mui WE REFER to March 21's Hock Lock Siew column headlined "Watch out for more provisions at DBS Land from Indonesia", which highlights several issues in a rather misleading manner. ♦Investment in Parkway Holdings Your journalist is erroneous in
      572 words
    • Article
      Languishing Hong Leong Asia shares: lesson for IPO buyers
      728 17  -  HOCK LOCK SIEW Conrad Raj POR a stock that was subscribed more than 28 times and had dozens of institutions from Hongkong to the US clamouring for a piece of the action, Hong Leong Asia's current performance must be most disappointing.
      728 words
    • Article
      Sino Land sells HK$7b worth of property
      405 17  -  It hopes to raise another HKs3J>b from new project From* Quak Hiang Whai in Hongkong NG TENG FONG's Sino Group sold close to HK$7 billion (SSI.4 billion) worth of properties in Hongkong during the first 10 weeks of this year, and it has
      405 words
    • Article
      Omni beats forecasts with 27% profit rise
      290 17  -  Carol Eng [SINGAPORE] Omni Industries yesterday exceeded analysts' expectations with a 27 per cent surge in 1997 net earnings to $12.9 million. The company said it expects both net profit and revenue for this year to register 15-20 per cent growth. Last year's
      290 words
    • REGIONAL COMPANIES
      • Article
        PhileoAllied's Tong Kooi Ong may be eyeing SimeSecurities
        405 18  -  Ishak Ismail of Idris Hydraulic says he was offered a stake but is not interested /-Yorri: Eddie Toh in Kualu Lumpur TONG Kooi Ong of the PhileoAllied group may be interested in buying over troubled SimeSecurities, sources said. Mr Tong's financial services
        405 words
      • Article
        Datacraft revamps into three 'virtual' companies
        267 18  -  By\ Raju Chellam [SINGAPORE] Mainboardlisted Datacraft Asia has reorganised its operations internaUy into three "virtual" companies that will share a common ownership and infrastructure, but will have its own separate sales and marketing force. The three are: Datacraft Enterprise Solutions (DES), Datacraft Telecom Solutions
        267 words
      • Article, Illustration
        Lock icon Bank of Commerce, MBf Capital in cross-selling deal
        601 18  -  800 to sell a 20% stake to MBf Cap, buy 37.5% of its anit By\ Meera Tharmaratnam in Kuala Lumpur THE Bank of Commerce has agreed to sell a 20 per cent stake to MBf Capital and buy 37.5 per cent of
        REUTERS  -  601 words
      • Article
        Republic Hotels' results hit by turmoil, haze
        365 18  -  Group net profit for 1997 falls 35.8% to $14.25 million By. Abdul Hadhi [SINGAPORE) Mainboardlisted Republic Hotels Resorts yesterday announced a 35.8 per cent drop in group net earnings to $14.25 million for 1997 within the lower end of analysts' expectations. The consensus
        365 words
      • Article
        Small Cap Index one of two new MSCI indices
        316 18  -  Small Cap Index result of fond managers' request Ven Sreenivasan [SINGAPORE] Morgan Stanley Capital International (MSCI) yesterday launched two new indices on the Singapore market the MSCI Singapore Small Cap Index and the MSCI Singapore Extended Index. The indices are part
        316 words
      • Article
        Pac Carriers earnings soar 85%
        351 18  -  By I Siow Li Sen [SINGAPORE] Mainboardlisted Pacific Carriers Ltd (PCL) yesterday reported an 85 per cent surge in net profit to $36.7 million for 1997 on foreign exchange gains and vessel sales, but the group warned that 1998 will be "a difficult and less
        351 words
      • Article
        Buoyant year for Labroy Marine
        279 18  -  By. Jennifer Lien [SINGAPORE] Marine logistics provider Labroy Marine yesterday posted a 20 per cent rise in full-year net profit to $14.1 million. This is in line with the consensus forecast of analysts polled in The Estimate Directory. For 1996, the group posted an 18
        279 words
      • COMPANY Briefs
        • Article
          Eng Kong net down 37%
          95 18 [SINGAPORE] Integrated shipping container services group Eng Kong Holdings' net profit for the six months to Dec 31 dropped 36.6 per cent to $1.23 million despite a 14 per cent higher turnover of $21.3 million. Pre-tax gain was down 40 per cent to $1.62 million.
          95 words
        • Article
          Hotel Plaza completes Sydney sale
          53 18 [SINGAPORE] Main board-listed Hotel Plaza Ltd has completed the sale of Parkroyal Plaza Hotel in Sydney. The sale, through subsidiary Success Venture Pty Ltd, reaped a pre-tax profit of Asl7 million (SJIB.I million). Hotel Plaza will get A|lo million of this, based on its 60
          53 words
        • Article
          HPL on its extraordinary losses
          94 18 [SINGAPORE] Hotel Properties Ltd yesterday gave details of its $11.24 million extraordinary losses for 1997. HPL said it reaped $14.52 million from the sale of a hotel. However, the hotelier was saddled with a $8.9 million provision for doubtful short-term loans receivable, with a provision
          94 words
        • Article
          Lock icon Eoon shares up as Pribadis cut stake
          100 18 Bloomberg [SINGAPORE] Shares of Econ International Ltd surged 23 per cent yesterday as the construction company's controlling shareholder cut its stake. Yenville Pte Ltd, controlled by Indonesia's Pribadi family, sold 21.5 million shares at 78 cents each to Sia Leng Yuen, Econ said.
          Bloomberg  -  100 words
        • Article
          Zagro Asia hit by provision
          84 18 [SINGAPORE] Agri-healthcare specialist Zagro Asia posted a 61.1 per cent fall in net earnings to $2.2 million for last year. Turnover for the Sesdaq-listed company, however, rose 12.6 per cent to $74.3 million. The company has remained relatively unscathed by the currency depreciation due to
          84 words
        • Article
          Lock icon Uraco unit in tie-up with Samsung
          81 18 AFX-Asia [SINGAPORE] Uraco Holdings Ltd said its unit Selinus Investments Pte Ltd and Samsung Electronics Co have formed a joint venture company in South Korea with an initial paid-up capital of one billion won (SSI.2 million). Uraco said Selinus will hold a 49 per
          AFX-Asia  -  81 words
        • Article
          UEM studying plans to sell Plus stake
          123 18 [KUALA LUMPUR] United Engineers (Malaysia) Bhd (UEM) said in a statement to the Kuala Lumpur Stock Exchange yesterday that its management was evaluating proposals to sell a stake in Projek Lebuhraya Utara Selatan Bhd (Plus) but has not made a recommendation to its
          123 words
      • Article
        Corrections and clarifications
        58 18 SINGTEL has clarified figures in our report yesterday headlined "Sing Tel to put $100 m into Globe's rights issue". It said Globe Telecom's losses are expected to fall below 500 million pesos (SS2I million) this year. The company is also projected to have a positive cashflow of
        58 words
      • Article
        Jardine sees acquisition opportunities in Asia
        444 19  -  Region still focus of group's core business despite tnrmoik finance director Ry Catherine Ong [SINGAPORE] The Jardine group is well-placed financially to take advantage of declining asset values in Asia to make further acquisitions, said group finance director Norman Lyle. "We will make investments,
        444 words
      • Article
        China's Yanzhou Coal IPO likely to raise HK$2b
        498 19  -  Global offer marks industry's first privatisation move Prom, Loh Hui Yin in Hongkong CHINA'S coal industry took the first step towards privatisation with Yanzhou Coal Mining's public offer of 820 million shares, which is expected to raise about HK$2 billion (*****.2 million).
        498 words
      • Article
        Lock icon Strong profit despite hefty provisions seen at Cheung Kong
        387 19 Reuters [HONGKONG] Hefty exceptional gains made last year should allow Cheung Kong (Holdings) to post a strong rise in 1997 net profit, but the property developer is set to take advantage of the gains to take large provisions. The company had
        Reuters  -  387 words
      • Article
        Kia vows to fight takeover by Hyundai
        487 19  -  From. Jennifer Veale in Seoul FINANCIALLY TROUBLED Kia Motors has vowed to fight a takeover bid by the giant Hyundai Group, which if successful would make it the world's 10th largest carmaker. It is currently No 13. The Hyundai proposal, announced on Sunday,
        487 words
      • Article
        Lock icon Cathay Pacific to lay off more staff
        147 19 Reuters, AFXAsia [HONGKONG] Cathay Pacific Airways Ltd said yesterday it was laying off staff as Hongkong Aircraft Engineering Company Ltd (HAECO) takes over the airline's storage and distribution of aircraft parts. "We have decided to have HAECO to handle our technical stores, which
        Reuters,; AFX- Asia  -  147 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Cendant set for US$3.1b American Bankers deal
        463 21 Purchase will end bitter bidding war for insurance group with AIG Reuters [NEW YORK] Cendant Corp was expected to announce yesterday an agreement to acquire Miami-based American Bankers Insurance Group Inc for about US$3.l billion (Sss billion), ending a bitter, twomonth bidding war
        Reuters  -  463 words
      • Article
        Lock icon IBM in unusual credit pact with computer reseller
        360 21 Reuters [WHITE PLAINS, New York] International Business Machines Corp's IBM Credit Corp unit has rcached an unusual credit pact with a computer reseller under which IBM may offer acquisition financing of up to US$4O million (5564.1 million). For IBM, the deal provides
        Reuters  -  360 words
      • Article
        Lock icon LSI Logic to unveil new chip technology
        258 21 612 chip can hold multiple system functions Reuters [SAN FRANCISCO] LSI Logic Corp has said that it would introduce a new chip technology that would combine all the system functions needed onto one chip to create future communications, computer and consumer products. The
        Reuters  -  258 words
      • Article
        Lock icon Goodyear poised to unveil sale of crude oil pipeline
        162 21 Bloomberg [AKRON, Ohiol Goodyear Tire Rubber Co has agreed to sell its oil pipeline as part of its strategy to focus on its tyre and other rubber-prod-ucts businesses, a person familiar with the transaction said. The sale, which could be announced
        Bloomberg  -  162 words
      • Article, Illustration
        Lock icon Sweden's Astra may shift R&D abroad
        409 21 Firm moiling move in protest against Sweden's high tax FT [STOCKHOLM] Astra, the Swedish pharmaceuticals group, may shift large parts of its research and development (R&D) operations overseas in protest at high income tax and a shortage of scientists in Sweden. The company, which
        FT; FILE PHOTO  -  409 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Int'l securities regulators issue new risk guidelines
        407 22 Watchdog sets out 12 principles to help avert disasters like collapse of Barings FT [LONDON] International securities regulators were to publish new guidelines yesterday for securities companies and their supervisory bodies on managing and controlling risk in an attempt to avoid disasters such
        FT  -  407 words
      • Article
        Lock icon US$1b bridge loan for Halla Group
        371 22 Rothschild will also help attract investment to group's core onits Bloomberg Reuters, [SEOUL] South Korea's debtridden Halla Group said yesterday that Rothschild Inc of the United States has agreed to arrange a US$l billion (SSI.6 billion) bridging loan and attract foreign capital investment to
        Bloomberg; Reuters,  -  371 words
      • Article
        Lock icon Aluminium oversupply over next four years: Macquarie
        316 22 Reuters [LONDON] The global aluminium market will be oversupplied for at least the next four years because of new expansions and the Asian economic crisis, according to analyst Adam Rowley of Macquarie Bank Group. "As a result, the price outlook appears fairly subdued,
        Reuters  -  316 words
      • Article
        NSW in 10.5b yen dual currency bond
        179 22 [SINGAPORE] The New South Wales Treasury Corporation yesterday launched a 10.5 billion yen (*****.8 million) dual currency bond in the Asian and international capital markets. The 3'/ 2 -year bond, convertible into US dollars on redemption, is lead-managed by Daiwa Singapore, the Japanese
        179 words
      • Article, Illustration
        Lock icon BOT-Mitsubishi is leading foreign bank in Shanghai
        390 22 It is tops in terms of assets, loans, deposits and profits AFP [SHANGHAI] Japan's Bank of Tokyo-Mitsubishi (BOTMitsubishi) led 45 foreign banks with operational branches in Shanghai last year in all categories, except in the bill settlement business. A statement from the Shanghai
        AFP; FILE PHOTO  -  390 words
      • Article
        Lock icon JGBs end higher on short-covering
        250 22 Reuters (TOKYO) Key June 10-year Japanese government bond futures ended higher yesterday due to short-covering by dealers, traders said. "Dealers who took short positions as hedges are buying back. It's a familiar pattern," said a dealer at a foreign brokerage house. Traders said the Bank
        Reuters  -  250 words
      • Article
        Futures down over earnings worries
        146 22  -  MSCI TAIWAN FUTURES Charlie Kuo, [SINGAPORE] The MSCI Taiwan futures tumbled amid persistent worries over possible lower-than-expected firstquarter earnings of electronics companies. Featured buyers were Pru-dential-Bache. Refco (Singapore), DBS Trading and Phillips GNI Futures with ING Futures Options, Credit Lyonnais Rouse. Goldman Sachs and Merrill
        146 words
      • Article
        Lock icon Oil prices leap US$2 after supply pact
        278 22 ENERGY REPORT Reuters [LONDON] World oil prices rose more than US$2 a barrel yesterday after major producers moved to rescue glutted oil markets from nine-year price lows by agreeing to cut output. Brent blend, the European benchmark grade, jumped more than US$2 a
        Reuters  -  278 words
      • Article
        Lock icon CURRENCY REPORT
        258 22 Bloomberg London THE US dollar reached a two month high against the deutsche mark yesterday after Russian President Boris Yeltsin fired his entire cabinet. Mr Yeltsin, who assumed the responsibilities of Prime Minister Victor Chernomyrdin, gave no reason for dismissing his cabinet. Political turmoil in Russia typically hurts
        Bloomberg  -  258 words
      • Article, Illustration
        Untitled
        1264 22 INTERBANK CROSS RATES Mar 23 A$ C$ Bmb ECU Ffr Dm Hft$ Ind Bs Rupiah Yen Won BM NZ$ Ptfc Bs Peso S$ Bawd Sfr MT$ Eafct Pwd US$ Australia 0.940 6.178 0.614 4.066 1.219 5.149 26.270 61.305 0.868 9.084 2.376 1.182 29.513 25.064 1.065 3.310 0.995 21.774 25.751 0.391
        1,264 words
    • Article
      COMMODITY PRICES
      1833 23 S1C0M FUTURES \tar23 RUBBER (Marts dosing ts it 5.30pm) RSS1 CONTRACTU cnitsAg) Close Votome Opw Moatto Htyj Low Sett (tonnes) Interest Apr 98 110.00 110.00 112.25 25 550 Itey 98 114.75 114.00 114.00 75 2125 Jgn 98 116.50 116.50 1T7.25 25 3450 Jvt/Seo 98 '23.50 4245 OctScW 129.50
      1,833 words
    • Article
      WORLD STOCK MARKETS
      2362 23 LONDON inousxnais Mv23 Pwct *h 31 Group 586.000 1.600 AB Ports 380.000 -5.000 Abbey National 1188.200 16.200 Allied Domecq 590.000 5.000 Airwc 155.000 *1.000 Aidi Group 200.000 -9.000 BAT Ind 628.000 -6.400 BGPtc 305.400 3.400 BICC 147.000 -5.000 BOC Group 1008.000 unch BR Petroleum 932.000 65.000 BTR
      2,362 words
    • Article
      Lock icon TOKYO
      1639 23 AFP Q Nikkei 225 *3836 JAPANESE share prices closed a modest 0.2 per cent higher yesterday after earlier gains were eroded in late trading amid emerging scepticism about possible tax cuts, brokers said. Share prices were pressured on the lack of follow-through buying to support gains seen earlier, coupled
      AFP  -  1,639 words
    • Article, Illustration
      Lock icon HONGKONG
      1545 24 Reuters, AFP FlHangSeng +30J0 HONGKONG share prices closed 0.3 per cent higher yesterday as investors took profits and the key Hang Seng Index moved closer to resistance levels, dealers said. The Hang Seng Index was up 30.10 points at 11,594.33, off an early low of 11,488.91 and an early
      Reuters,; AFP  -  1,545 words
    • Article, Illustration
      Lock icon CHINA
      614 24 Reuters n Shenzhen B Index -0.73 SHENZHEN'S hard currency B Share Index ended weaker yesterday in slack trading on selling of newcomer Dalian Refrigeration, analysts said. The B Index lost 0.73 point, or 0.75 per cent, to 95.72 on turnover of HK$7.B million against Friday's HK525.3 million. "Dalian Refrigeration's
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  614 words
    • Article
      Lock icon TAIPEI
      372 24 AFP QWP Index -W. 47 THE Taiwan stock market fell 1.1 per cent yesterday on strong selling of technology issues, brokers said. High-tech shares, which had been the most favoured buys in the bourse, were hit by newspaper reports that predicted a decline in sales of leading computer chip
      AFP  -  372 words
    • Article, Illustration
      Lock icon JAKARTA
      730 24 AFP n Composite Index -0.41 JAKARTA shares closed down slightly yesterday as investors took advantage of the strengthening rupiah to speculate in large overseas listed stocks, dealers said. "They're trying to get people to hold rupiah instead," said a dealer with a regional brokerage. The Jakarta Stock Exchange Composite
      AFP  -  730 words
    • Article, Illustration
      Lock icon BANGKOK
      819 24 AFP PSETlnfai +3J2 THAI share prices ended 0.8 per cent stronger yesterday as investors heaved a sigh of relief over a central bank decision not to tighten a key banking regulation, dealers said. "The decision to put aside the capital adequacy ratio changes for banks was a big relief
      AFP  -  819 words
    • Article
      Lock icon MANILA
      348 24 AFP Q Manila +35J2 PHILIPPINE share prices closed 1.6 per cent higher yesterday amid a firming of the peso and a strong showing by second liners, analysts said. The Philippine Stock Exchange Index gained 35.92 points to 2,310.06. Volume rose to 3.279 billion shares worth 1.634 billion pesos compared
      AFP  -  348 words
    • Article
      Lock icon SEOUL
      381 24 AFP CI Composite Index -9.72 SHARE prices closed 1.8 per cent down on the Korea Stock Exchange yesterday as the sharp rise of the won triggered institutional profit-tak-ing for fear of foreign exchange-linked selling, dealers said. As the won firmed, largecap shares targeted by foreigners came under heavy selling
      AFP  -  381 words
    • Article
      Lock icon SYDNEY
      584 24 AFP HAP Primaries +4J THE Australian Stock Exchange's main indicator, the All Ordinaries Index, closed 4.1 points higher at 2,779.3, pipping by 0.1 point the previous highest close, reached jointly on Sept 25 and Oct 1 last year. The All Industrials Index fell 0.9 points to 4,792.4, while the
      AFP  -  584 words
    • Article
      Lock icon WELLINGTON
      258 24 AFP n Wellington -30.75 STOCKS going ex-dividend forced the New Zealand share market down 1.3 per cent yesterday, dealers said. Ord Minnett's John Rattray said there was no simple explanation for the fall. The NZSE-40 ended down 30.75 points at 2,319.27 on turnover of NZ$BB.2 million. Marl] *tt (000)
      AFP  -  258 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9006 25 INDUSTRIALS Consumer products '998 La«» Vol Day Net Cap High Lew Company Sal* OOP High Low P/t Smll 310 180 Ajlnomoto 280 15.5 )13.5 148 73 Angkasa 125 unch 55 125 123 2.9 184.3 290 123 Apollo Food Hlg 215 8 3 215 210 6.3 86.0 388 190 Berjaya Land
        9,006 words
      • Article, Illustration
        Lock icon Firmer ringgit boosts Malaysian shares
        406 25 AFP n Composite Index +4.55 MALAYSIA'S key stock index closed 0.6 per cent higher in thin retail-driven trade yesterday due to a firmer ringgit and expected new positive measures to stimulate the economy. "The upward trend was influenced by a stronger ringgit and optimism in
        AFP  -  406 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3758 26 BONOS, LOANS ft WARRANTS m 1997/98 Last Vol Day LMt Quota Avq High Law Stno Company Salt COOO) High Law Buyar Sailar Prtca 68 9 m 3000 m AM08 <5 5******6 18 *1 5 18 18 15 20 81 8 3160 A Acar ******1 US$ »5 uoch 24 15 15
        3,758 words
      • Article
        Better to give Econ wrt a miss
        205 26  -  WARRANT WATCH By Ven Sreenivasan THE Econ International stock and warrant have been surging on strong volumes since the beginning of last week. Yesterday, the construction counter jumped 17.5 cents or 23 per cent to 92 cents on a volume of 2.5 million
        205 words
    • Article
      CLOB INTERNATIONAL
      2367 26 Transaction date Mar 23 MALAYSIAN STOCKS Gr Gr 1997/98 Last Vol Day Last Quote Dtv Wv VM Nat M Cap High Lav Stno Company Sal* COOO) Htgh Law Buyer Seller C'yr P/t $m* 478 28 ms 5000 AISBSOc 108 »6 1024 109 103 107 108 S.0 3.3 1.0
      2,367 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6569 27 Transaction date: Mar 23 Gr Or M Wt 1997/98 Last Vat Day Last Ouot. Oly Dlv YW Not Cap Avg High Law StNo Company Sal* COOO) High Law Buyor Sallar C'vr P/E SmM Price INDUSTRIALS 157 18.5 1020 ACE Dynamics60c. 35.5 -0.5 149 35.5
      6,569 words
    • Article
      SESDAQ
      1167 27 Cr Or M art 1997/98 Last Vol Day Last Ouota Otv Otv YM Net Cap Arq M(«h Low StNo Company SM COOP) Ht«h Low 8uyar Sadar C'rf P/t jmll Prtca 166 76 2000 ABRHMqsSC 108 unch 40 111 106 109 110 3X3 6.0 0.1 154 3 48.0 106 448
      1,167 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        239 28 Stocks Volum* •Renong Bhd 50c 22,084,000 *Pub Bh Foreiqn 18,126,000 *M Resources 14,592,000 •Refcapacific Bh 13.431.000 Asta Food& Prop 8,862,000 •Multi-Purpose 8,778,000 *MBF Land Bhd 8,680,000 •Berjaya Croup 8,159,000 •Innovest Bhd 7,387,000 •Insas Bhd 7,104,000 Stocks SPH.. 26,733.439 *Pub Bh Foreign 19,663,570 DBS Land 17,216,037 •Renong Bhd 50c 15,775,785 *M
        239 words
      • Article, Illustration
        Lock icon Market retreats as hopes of further rate cuts fade
        654 28  -  STOCK MARKET COMMENTARY Investors take profits on property and bank stocks after sharp run-ups; EL bourse firms ahead of Anwar economic measures HU Ven Sreenivasan [SINGAPORE] Singapore stocks fell as investors took to the sidelines following last week's sharp run-ups. But
        Chart info from Bridge  -  654 words
      • Article, Illustration
        HOT STOCK
        59 28  -  -by Shiv Taneja ACMA Ltd closed 10 cents higher yesterday at $i. 17 on a volume of 3.18 million shares, compared with its 10-day traded average of 391,800 units. In the near term, there will be selling pressure on this counter, but long-term investors should buy on weakness,
        59 words
      • ON THE GRAPEVINE
        • Article
          Lots of smoke without fire
          72 28 PERCY Weatherall. managing director of Hongkong Land, was asked last Friday to comment on persistent rumours that the Jardine group is planning to shift its secondary listings back to Hongkong. He denied there was such a plan but was told that in Hongkong and Singapore,
          72 words
        • Article
          Far from moving out
          127 28 JARDINE Matheson's new finance director Norman Lyle yesterday told BT that far from moving out, the group Is In fact beefing up its presence here. More Jardine senior managers are now based in Singapore, the regional bead office for South Asia. For example, Colin Terry, who
          127 words
        • Article
          Hard at work
          183 28 THERE appears to be a widely-held belief that analysts have been too slow to revise their estimates in these turbulent times. The situation may not be all that bad, according to a recent survey by Salomon Smith Barney in its latest issue of Weekly Pacific Perspectives. It
          183 words
        • Article
          Harvard workout for the community
          152 28 FOR obvious reasons, you would expect someone in the insurance business to promote longevity. Tan Kin Lian, chief executive of NTUC Income, is big into healthy living for more than just business reasons, we think. He currently heads the Committee on Healthy Lifestyle, a body
          152 words
        • Article
          Is she Zhu's idol?
          133 28 AT LAST Thursday's press conference carried live by a number of TV networks, China's new Premier Zhu Rongji requested that Wu Xiaoli of Robert Murdoch's Chinese language Phoenix TV be given a chance to ask a question. "I like very much your programme," Mr Zhu said
          133 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      139 17 At our Centre you can enjoy all the facilities of a World-Class Venue with a special touch of local flavour and hospitality. And whether it's for 20 or ■■■■■BIHMp 2,000 we'll give you all the support you need. Choose from 26 Meeting Rooms, a Ballroom, an Auditorium, Gallery lp| MB
      139 words
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      Page 18 Advertisements Column 1
      28 18 =I=l=l =U If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. t Another Classified Service
      28 words
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      Page 19 Advertisements Column 1
      68 19 wjfv# fat**. 4Cm Savour the inspired flavours of Cafe des Artistes. Now open at The Oriental, Singapore. Bring along this advertisement before 13 April 1998 to enjoy lunch time. Advertisement can be used for a one time redemption only. Call 331 0082 for reservations. T iiwc't'roti Level 4, The Oriental,
      68 words
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      Page 20 Advertisements Column 1
      274 20 I NATIONAL in 1 st r V 1 (i b s bank y c h t P pot ■Mgl COMPUTER board At an y one jj me there are 150,000 containers in our port terminals, and pv e ltd i; i a busiif e s n w s (s?ng a
      274 words
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      Page 21 Advertisements Column 1
      155 21 I Emirates has I I won Airline I I of the Year. I I What more could you ask for? I Best Airline to the Middle East Best Economy Class Best Cabin Staff H tp Gold Gold Gold Best In-flight Food and Wine Best Long-Haul Airline Best In-flight Entertainment H
      155 words
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      Page 24 Advertisements Column 1
      35 24 Bosses, we want to hear from you. Do you have a model secretary? Tell Simone (Tel: 740-1265) about her and she may be featured in the Secretarial Administrative Careers supplement in The Straits Times OC
      35 words
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      Page 25 Advertisements Column 1
      28 25 Jl|[lMl•■ I A j a k i/fl lli i I :X ,^Vf£l^lHlltllltff£^^^H iJnM* rffi Bil* i ii'j ii i ]T7j»jT] I[• j > jl*] •j Classifications 402-568: Properties fATi
      28 words
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      Page 26 Advertisements Column 1
      45 26 f wow! I A buyer I love this car 1 the very I that I found next day I through j v S 's. The Straits Times room, Buying or selling through what a 2/ I The Straits Times Classified is child's play. 1800-737-1166.fi i
      45 words
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      Page 27 Advertisements Column 1
      31 27 ADREAMBOSS Secretaries, what do you want in a dream boss? Call Simone at 740-1265 and we may feature him in the Secretarial Administrative Careers supplements in The Straits Times J QC
      31 words
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      Page 28 Advertisements Column 1
      77 28 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a topping-out ceremony. It's another chance
      77 words
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      Page 28 Advertisements Column 2
      226 28 W Mill*l FRANK INVESTMENTS PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 308 of the Companies Act.. (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the office of M/s Wee Seng Tiong Co., at
      226 words
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      Page 28 Advertisements Column 3
      592 28 S Shangri-La hotel LIMITED (INCOKWJKATED IN SINGAPORE) 1997 FULL YEAR RESULTS FINANCIAL HIGHUGHTS DIVIDEND ANNOUNCEMENT YEAR ENDED 31ST DECEMBER 1997 1996 Variance SS'OOO $$'000 Turnover 139,328 148,357 (6.1) Operating profit 26/337 30,253 (12.9) Share of losses of associated companies 4,092 2,920 40.1 Net profit before taxation and minority interests 22,245
      592 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      325 29 Bridge News, Reuter FAR East Panamax rates slipped again with the rate for a large modern vessel fixed for a round voyage in the area now at under US$B,OOO daily, brokers said. Atlantic rates remained weak with brokers talking of Panamaxes ballasting out of the US Gulf as
      Bridge News,; Reuter  -  325 words
    • Article
      MARITIME STOCKS
      306 29 SB Mm■ n>a a m CWT OMrlbutton 0.79 unci) JO Churn Hu« 0.52 unci) 49 C«*C0 Investment -0.77 -0.005 2 Freight Links 0J4 unch 94 G8 Holdings 034 -0.005 27 Hal Sun Hup 0.615 -0.005 56 Hitachi Zosen 0.705 *0.03 41* IMC Holdings HK 5.60 Jaya Holdings 0.57
      306 words
    • Article, Illustration
      S'pore best port and terminal operator in Asia
      462 29  -  Republic wins AFIA award for the 11th time and PSA for the 9th time By. Marcus Hand [SINGAPORE] The Port of Singapore has once again clinched the award for Best Seaport (Asia) category in the Asian Freight Industry Awards (AFIA). Terminal operator
      462 words
    • Article, Illustration
      Lock icon Carnival chalks up record 1st qtr profits
      299 29 Lloyd's List [MIAMI] Leading US cruise line Carnival Corporation reported record first quarter results, with net income up 7 per cent to U*****.9 million (*****.8 million) on revenues up 29 per cent to U*****.8 million, in the three months to Feb 28. This
      Lloyd's List; FILE PHOTO  -  299 words
    • Article
      Manila to set up Asian maritime university
      367 29  -  From Alec Almazan in Manila THE Philippines is looking at establishing its first maritime university which will serve as an institution for higher learning for the region. To be known as the Asian Maritime University, the facility is one of Philippine President Fidel
      367 words
    • Article, Illustration
      Lock icon Low rates force capacity cut
      720 30 TRAMS-PACIFIC SHIPPING Major Asian shipowner group endorses fewer sailings or even withdrawal from some major routes Journal of Commerce THE withdrawal of capacity from the trans-Pacific trade as a result of low freight rates and the current economic turmoil in Asia has been endorsed by
      Journal of Commerce  -  720 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      254 30 PAGE ECl 5 ACL 9 tlS M ANL 3 Ethiopian 6 Accord a Appanship 5 M Astro 3 t»Kgr»« 8 Austral EoongSun BSA 7 CU* 4 Batamindo 7 Gamartrans 8ays«atar 8 Ganshpg 9 B'tang Mas 8 H Sun Hup 8 CCNI 7 HangN
      254 words
    • Article
      SHIPPING GUIDE
      24384 38 THEBUSINESSTIMES T HEBUSINESSTIMES EXPORT ETA ETA Advertiser Vnstl Voyage Te4ephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Dest'n Name Name Number Number 31/03 25/04 Evergreen E. GENUIS HH» 45-*****11 A 31/03 25/04 Triestino EVER GENIUS 0204-047W 45-*****35 03/04 23/04 COSCO EMPRESS PHOENIX
      24,384 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        807 43 Vessel Voy No Bfftn Arrtvol Poporturo UHMWtni 1131 X M 'jK Motown JtOl/MOO RCStUMt OKI* JOI H««M« 23.01/1500 KHMJff 0401M JOI ££2£? It Norttmt Mtr23 JOI MugiM »V* Kloita *****0 JOI Heme* R H 210* 0300 JOI <Mn«M* 1103/1300 R S Wbm *****0 JOI it»npn» 1403/0110 R SO*
        807 words
      • Article
        CONTAINER SCHEDULES
        1740 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Bookliq/BalMc* Rstts SHIp Voy No Etb/Mr Ported From To Frow 4C4CX 412N 2V2100 14 23/1500 21/MM 21/MM 21/15M 2VMM 21/1*00 24 21/1700 24/0451 24/0*00 II 21/1700 24/0*51 24/0*00 1 24/0700 24/115* 2VM00 4 24/1200 24/145* 14/1700 444 MM 2t*5 24/2100
        1,740 words
      • Article
        GLOBAL HOLIDAYS
        208 43 Mar 28 Greece: Independent Day. Apr I Hong Kong: Chlng Ming Festival. Apr 7 Brunei: Hari Raya Hajl. Malaysia: Harl Raya Haji. Apr 0 Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday. Canada: Good Friday. Dtnmark: Good Friday. Finland: Good Friday. Germany: Good Friday. Hong
        208 words
      • Article
        COCKETT BUNKER MARKET REPORT
        894 43 THIS report compiled by Cockett Marin* Oil Ltd ihowi price range* In US dollar* ln*teed of unfit prwM for mora comprehensive description of th« market Price* ihown are baaed on average-* Had stem Market movMMfita an Indicated Tha Cocnett Bunkar Prlca Inde* change and Ota individual
        894 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        405 43 Corfeco )M Mu mi 2.0 15.8 0.J1 72 0.0f ftrll DMKtT Wotor H*Wm Art A Hi ml itftiai M*Nt No o9om US S 2 1 2 0 1 r-T- MOM Nil 0.4 14J 0.09 2t 0.02 taZ MO Mu 992.) 10 19.9 O.M 94 0.0* H/ITI
        405 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Airbus' Latin America order is its 2nd largest
        428 44  -  Joint purchase makes Airbus the prime commercial aircraft supplier in Latin America Byl Felix Chan (SINGAPORE] Europe's Airbus Industrie sounded the death knell for arch rival Boeing in the Latin American market when it clinched a deal to sell 179 planes to
        FILE PHOTO  -  428 words
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        Lock icon Thai Airways to go ahead with plane purchases
        183 44 AFX-Asia [BANGKOK] Thai Airways International Ltd will go ahead with plans for the lease purchase of seven new aircraft from Boeing Co and Airbus Industrie despite the regional downturn in air travel, the Nation daily reported. Earlier the state-owned airline was ordered
        AFX-Asia  -  183 words
      • Article
        Lock icon Passenger held after trying to burn Taiwan aircraft
        315 44 AFP (TAIPEI) A passenger tried to set fire to a Great China Airlines plane on a domestic flight yesterday, but security men overwhelmed him shortly before the jet with 20 people aboard was forced to make a safety landing. "The man was
        AFP  -  315 words
      • Article, Illustration
        Lock icon Philippines' second fatal aviation accident in 7 weeks
        598 44  -  By Felix Chan [SINGAPORE] The Philippine Airlines (PAL) crash in central Philippines on Sunday is the country's second fatal aviation accident in seven weeks, after a Cebu Pacific DC-9 slammed into a mountain in the southern Philippines on Feb 2, killing all
        AFP  -  598 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1709 44 CITY FUCW ETA FLIGHT ETO mmMmn «mm *0 mm m wo am 2x0 W43 1 WM 8A7381 1930 8A7382 2050 WJJJ ]•*> Of 61 1930 0f82 2050 MWLJW mm "P MM mo HoCMMmh VK741 1310 VK740 1410 kmitKfm SO 327 0810 W.844 0125 "J 7 50,74
        1,709 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      16 29 Low rates force capacity cut on Trans-Pacific Major Asian shipowner group endorses fewer sailings. Page 2
      16 words
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      Page 29 Advertisements Column 2
      540 29 ■mm SCANDINAVIAN Airlines (SAS) has appointed Magnus Soderlund as general manager for Singapore, Indonesia, Malaysia and Brunei. He is based in Singapore. Mr Soderlund has been with SAS since 1987, and prior to moving to Singapore, he was general manager for Greece and Cyprus stationed in Athens. Forum for Logistics
      540 words
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      Page 29 Advertisements Column 3
      21 29 Airbus' Latin America order is its 2nd largest Deal makes Airbus the prime commercial aircraft supplier in Latin America. Back Page
      21 words
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      Page 30 Advertisements Column 1
      785 30 VIHII VOY OAK YAH SIA U SJM VISSU VOT JU I MM OAM KAI COi NO UN miHSAOITTA j- 01W>0t 1 ?>/M<VIAm) I>/M NYKVttOO 054 M/M M/ 01 01/03 13/ M 19/03 11/ M M/M imBIIIIUfIUJ.mji 1 UO NIDUOYD DAMMAM 141 13/ M IS/OS 10/ M M/M 10/ M M/M
      785 words
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      Page 30 Advertisements Column 2
      609 30 Lmea services represented by ol the Registry of Accr l d Shipping Agents Sngapore Shipp.ng Association Members of the Singapore Freight Forwarders Association Retrieve More Information On Sailings 24-Hours-a-Day Through Our Fax-on-Demand System from The Shipping Guide To Use This Free Service, Just Call 740-6000 EXPORT 3 x Japan -2
      609 words
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      Page 31 Advertisements Column 1
      1089 31 SAX SERVICE (DtRECD Ivssa VOY SWETA lAX OAK IMI HOP Oi QX «1 AftJADI OOlt 11/03 26/03 31/03 31/03 01/04 01/04 01/04 01/04 02/04 M/ 04 awgahnet ooit u/03 02/04 07/04 07/04 08/04 08/04 00/04 06/04 09/04—09/w MOMWQjBg 0151 25/03 11/04 14/04 14/04 15/04 15/04 15/04 15/04 J6/04 16/04_ mm
      1,089 words
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      Page 31 Advertisements Column 2
      1880 31 (2) HANJIN SHIPPING HANJIN SHIPPING (S) PTI ITO I* /hm hoq« tm MOM*; 37*0735 737 SAUS *****74 731 MXIMNT 37*0271 774 OKMTKMIS *****41 757 MAIN UNf *****55 f« 777**0 CIK) **********0 M |TO NW USA CANADA USA CANADA* h» vsi/vqt mm sw uNimm/voY sia ttw dch poi o> msp m
      1,880 words
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      Page 32 Advertisements Column 1
      1646 32 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEANCANADA VOT JM_ IjH HTM ANR HAM ORV HJI VESSEL VOY Sm JED STT SPf FOS W.C MTB POOON6 SENATOR WWII 25 03 11 M 13M 14 M KM 1104 17 M LONOONKN WM*l« 30 03 MM 14M 1(M lIM lIM 20M HANJMKOBE WOIIS
      1,646 words
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      Page 32 Advertisements Column 2
      1242 32 MY Internet Wet) Site http: //www.yml.com.tw fIUHXiUi* tk*.• <l mwrmrmrmmirrTnmmTmßPrnrmrrrwmwTtn j.m j A'JM i ARRIVAL FIXED DAY Tuesday VESSEL VOY LEH FXT HAM ANR HFA SIN GIBRALTAR B ABOSE SID SLD SLD SLD SLD 24/03 MING GLORY ABO6E SLD SLD SLD SID SLD 31/03 MING MOON ABO 7 SLD SLD
      1,242 words
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      Page 32 Advertisements Column 3
      550 32 SS& JESSELTON LINE Jt TIL: *****5« PAXi *****13 MUARA rLABUAN VESSEL VOT no ETA VESSEL VOT (TD ETA SfORE MUAIA SPOtE LIN i rtosroi voh/91 m/oj 27/03 lwoswi vo«/w 25/03 21/03 AWiGU*r VOH/9I 29/03 01/04 AWtOOfY VO«/* 29/03 02/04 iPtosra vo*/* 02/04 05/04 j.«osw vo*/* 02/04 04/04 AFRtGUXtY VOH/91 07/04
      550 words
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      Page 33 Advertisements Column 1
      1544 33 VESSEL VOY SIN BKK POU PKO PEN BLW SUA IBA «K 1 IRAN SHOJAAT PJL-1271 18/03 26/03 IRAN TEYFOURI PJL-1273 21/03 30/03 I I I I I I I I ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN, TURKMENISTAN, KIRGISTAN. TADZHIKISTAN 8, GEORGIA
      1,544 words
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      Page 33 Advertisements Column 2
      1963 33 EVERY MONDAY 1 DIRECT TO JAPAN I KOM 7 DATS I HMO YA MTS I I SINGAPORE'S GENERAL AGINTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) T"'^Sos!o^ToHOREOfFKE^ ~l," I COSTAR SNIPPING PTE LTD »i7-08NSiiDG SAUS/BKGS 4205M1/43 INWARD OEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD I CUNO:
      1,963 words
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      Page 33 Advertisements Column 3
      643 33 l i-srn EASTERN CAR UNER, LTD.' 7 |JLi EQ (SINGAPORE) PTI LIP SSL 11 I SPIOALIZI IN RORO 4 HEAVY UFT WTO 122 TONS ECL (SINGAPORE) PTE LTD LOADING FOR CHITTAGONG/CHENNAI SHARJA/JEBEL AU/JEDDAH MV "IB EVERETT" V.7 MV "SEKI KOCHI" V.126 ETA StM 26/03/98 ETA CTG 31/03/98 ETA SIN 26/03/98
      643 words
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      Page 34 Advertisements Column 1
      1454 34 EUROPE/UK/SCANDINAVIA/FINLAND/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E RACER RW-021 28/03 17/04 22/04 IS/04 20/04 21/04 22/04 E. GOOOS RE 060 07/03 06/03 06/03 10/03 03/04 E DECENT RW-003 05/04 24 04 29/04 25/04 27/04 28/04 29/04 E GLEEFUL RE-062 06/03 10/03
      1,454 words
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      Page 34 Advertisements Column 2
      1320 34 am MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC J on NO: iaOOe7MOOOC S»U: (084) *****9 MANILA: (932) *****24 W PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (082) *****1-3 MANILA GENOA/IE HARvi MV "PiYA BHUM" V.9OE
      1,320 words
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      Page 35 Advertisements Column 1
      570 35 I BSfl ik.l mm. MYANMA pBBk FIVE STAR LINE (Myanmor National Lint) Loading for Yang on (Rangoon) VESSEL VOT SIN PKG PEN PGU AVA lUW SID PAGAN 254W IN PT MAIAYS4A AGENTS: lOUSTEAD SHIPPING AGENCIES MIL TEL 02-03-*****00 PKL IE 02-03-*****01 PEN: HI 02-04-*****02 PGO: TEI 02-07-*****21/4 BANK LINE (A
      570 words
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      Page 35 Advertisements Column 2
      1257 35 IA HYUNDAI MERCHANT MARINE CO. LTD. Ivpsa ~vof "SB" sou lew rtm ant haw brv fe Ivesse vor sou I ieh rtm ant nam mv b "{IT NOtAGAIE 3IOW 23/03 00/04 09/04 11/04 11/04 11/04 14/04 NOKYPRM 3101 26/02 04/03 03/03 21/02 21/02 03/03 21/03 HYAMHMI 312W 26/03 13/04 18/04
      1,257 words
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      Page 35 Advertisements Column 3
      957 35 MB norwwgon ipeciofcred outocamen Q°%3(°]<3 Mr mm u\£s TO NORTH AND LATIN AMERia "MRO HEAYYLIFT SERVICE" VESSEL VOT RAMP HEIGHT SIN LAX Otl NUA SAV BAL OIF NYC WW MM TAMOU FBO7 4001 MS 6JM *****" 22/04 01 05 04/05 06/05 0870T0976r 10/05 ISfoT 16/ OS TAMPA FBOB 400 TMS
      957 words
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      Page 36 Advertisements Column 1
      962 36 BAHQKOK/LAEM CHABANO JAKARTA/PANJANQ VESSEL VOY SIN BKK LCH VESSEL VOY JKT PJN KITI BHUM" 46N In Pt 27/03 DEJA BHUM 740S In Pt 27/03 28/03 NANTA BHUM 386N In Pt 28/03 27/03 XETHA BHUM 228S 28/03 28/03 SIKO OCEAN OCNQ63 25/03 28/03 XETHA BHUM ***** 28/03 28/03 MATHU BHUM 361N
      962 words
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      Page 36 Advertisements Column 2
      461 36 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 K TLX: R*****6 SINMER Wfm CR No: **********0W Receiving Cargo at PTI Blntulu 1 I Muwi vtssu voy sin iry vissti vor sw §ua I Sera V9806E 29-30/03 02/04 "PmH V9805{ Inp* 24/03 29/03 I Seng
      461 words
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      Page 36 Advertisements Column 3
      568 36 A 4CCORD A SHIPPING PTE LTD YEI S66SI IS (40 Lin**) FAX *****30 FOtT KUMG (03) 307 1001 B M DIRECY ACCESS YEI *****55 (EXPORY ROOKING) MS* GUOAMC (07) JSI 1377 *****34 (EXPORY DOC), *****39 (IMPORY) KM AUG (04) 333 1440 URLHYYP://WWW.ACCORD.COM.SG MAtU (11)*****70 PORT ITA SIN PORT ITA SIN
      568 words
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      Page 37 Advertisements Column 1
      408 37 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-COWTAINEraSEP SERVICE "m VOY PTpOAE A DAM/ROAM I HtURG I BREMEN I ANTWERP A VESSEL 43W81 21-2g(3 »/4 1/5 OMIT 5/5 TO AUSTRALIA FULL CONTAINER SERVICE VSL VOY TwHST FRE Big SYD MEL HBA ACL H» VUE DE ÜBRA V OOIS lio3 IMB 2ZV3
      408 words
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      Page 37 Advertisements Column 2
      1077 37 ADVANCE CONTAINER LINES (PTE) LTD Jl |Z 140 Cacti Street #12-00, PIL BuJkMng, Singapore *****0 iX I, I TEL: *****21. FAX *****19, TELEX .RS ***** ACL PL CR NO. **********0E OPERATIONS: *****6 a *****05 BANGKOK JAKARTA |Weekly 5 Sigt nil 2 Slgs LCH/1 Slg BUT) (S VESSEL VOY SJN BKK
      1,077 words
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      Page 37 Advertisements Column 3
      1033 37 VESSELS VOY SIN JED MIA LEH HAM THP RTM ZEE VWXEP-QRION Y24W 2<TO 01AM 06AM 12AM 13AM 15AM 15AM 16AM \ALLE DC MBKOSA V2SW 31AP 09/04 14AM 18AM 21AM 22AM 23AM g4AM VMXEOE TANYA T2SW 06AM 17AM 22AM 2BAM 28AM 3MM 3QQ4 QIAIS VIXE DE TAURUS A2SW 15AM MAM 29AM
      1,033 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      46 40 To retrieve more schedules, just follow these simple steps... ste P/^ The document 740-6000^^^^^^^ be faxed M Press"l" your Step key in the four number Co(^e Key in your Example: r—'—i fax number To NEW YORK (NYC) 2275 .k c United States for calls within Singapore
      46 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      123 43 LIGIHO: R Thunderstorm Temper oture c A y Shower Weather —S Wind direction with speed in knots Rom \^s Cloudy Sky Wov# h#, fl h Surfoce wind* or. indicated by arrow! which fly with the wind n c *clo represents cotm or light ond vonoblo winds i One hoW fleche
      123 words
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      228 44 miss the best business opportunities in the Maritime Industry. See the latest maritime technologies and services, covering every sector of the maritime industry. *ut fan, tAtae Discuss your specific product/service requirements with NATIONAL more than 300 exhibitors from over 20 countries who will PDHIIDC be in the show this year.Plus...
      228 words
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      Page 45 Advertisements Column 1
      264 45 Kg' ~V L*• j i rr l u W, t r ,r» f' -T t /-j, k v -x\,,. !l f 'i'-r—t 'J* \y&? v ifr m; fL, 1 \t' PT. k fr-Jh* --3^.uWTa A I 'W •oi >r\"' vn, r ,-rJnSfr \#-i i v k fr < 3 ,-u
      264 words
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  • SingaPort'98
    • Article, Illustration
      Lock icon Revolution on ports scene
      1074 46  -  Competition hots up as ports shed state-owned image and enter commercial arena 'By David Hughes |HHH| TIS sometimes difficult to grasp just how quickly, and how much, the ports business is changing. In i fact just talking about the "ports business" is itself an indication of
      FILE PHOTO  -  1,074 words
    • Article
      Brighter outlook for rate rises
      1236 46  -  Efficiencies of scale and control of capacity boost shipping prospects By P T Bangsberg POR years, the cry in the maritime industry was: "It's the rates, stupid" never high enough, always threatening disaster. This year, while rates are still depressed, there are grudging admissions from
      1,236 words
    • Article, Illustration
      Lock icon PSA poised for next millennium
      1698 47 With a keen eye on the industry, it's set to seize opportunities PORTS and shipping have been been around for as far back as we can go in history. From rolling boats, to sailing craft, to steam-propelled ships, to modern-day vessels, the industry has come
      FILE PHOTO  -  1,698 words
    • Article, Illustration
      Lock icon Expansion is name of the game
      1429 48  -  Asia's ports are improving facilities to keep up with shipping alliances By P T Bangsberg AS SHIPPING lines introduce ever larger ships and coalesce into sprawling alliances, ports in the region are having to expand facilities to cope. But shifting trade patterns arising from
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      Lock icon New frontier in logistics business
      1156 49  -  Net technology offers market opportunities for shippers and logistics providers By Chris C G Tan The writer is Marketing Manager, Asia-Pacific Travel Transportation Industry at IBM Singapore *m ODAY, information H| about a HH H package as important to customers HHH as the package itself."—James
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      Future lies in safety standards
      1134 50 A safer maritime industry means a more competitive environment, ABS argues AS THE shipping industry struggles to adjust to tougher maritime safety standards, ABS unveils a new fleet management tool to aid the change. Tired of the manner in which the international shipping industry has
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      Sailing into the big league
      1060 51  -  S'pore Cruise Centre aims to be a top-rated player after revamp By Felix Chan IT STAJRTED with a vision. comnllimenfmixed generous dose of sheer determination and you have the makings of a top-rated cruise centre. Now seven years after it began operations, the Singapore Cruise
      1,060 words
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      Leading issues top conference agenda
      409 52  -  These include impact of shipping alliances, ports' competition «y Marcus Hand SINGAPORT '98 International Maritime Conference brings together leading shipping industry figures from around the world, to discuss the crucial issues facing the industry as the turn of the century approaches. Speakers represent the whole
      409 words
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      SingaPort 1998
      444 52 Ports Shipping Conference March 24-25, '98 Preparing for new era in container shipping Day 1: March 24 10.00-10.10: welcome address by Eric Lui, chairman, SingaPOrt 98 organising committee. 10JO-10.30: opening address by Mah Bow Tan, Minister for Communications. 10.30-1L00: keynote address by Yeo Ning Hong, chairman, PSA Corporation.
      444 words
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      274 46 Logistics Asia 14-16 October 1998 Singapore International Convention Exhibition Centre The Total Exhibition for the Asia-Pacific Logistics Industry The ONLY exhibition in Asia that brings together the entire logistics chain of service providers, consultants, IT and equipment suppliers and endusers. That's what Logistics Asia '98 is all about. You could
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      43 46 Of ON THE OFFICIAL OPENING OF SINGAPORT '98 INTERNATIONAL MARITIME EXHIBITION AND CONFERENCE A Global Port For The 21st Century Port Harbour Bureau City of Yokohama Singapore Representative Office 150 Beach Road Tel: (65)295-0123 *24-00 Gateway West Fax: (65)293-8105 Singapore *****0 (65) 295-8351
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      82 47 I Inchcape Shipping Services 8 TRADE a® With# specialist management team iaattthe leading Asian Pacific ports, Inchcape Shipping Services offers 8 /W the highest Aiality port agency ip? service available and the guarantee 111 of absolute fiaancial stability. Hrn nt*i Malaysia Taiwan China Miprahesia Thailand M'" Hong Rong Vietnam Ipmdonesia
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      124 47 Ahead Globalisation presents new challenges. We have restructured our business to recognise these demands and make us faster and more responsive in global competition. The new BLG and its subsidiaries stand for competence and 4 Q™?"7 service in transport, cargo handling \Wdnga Tradition worid 9^ We are proud of our
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      31 48 UpL SINGAPORT ENGINEERING PTE LTD (a subsidiary of PSA Corporation Ltd) SPECIALIST IN SPE's Business activities: Jfe U Marketing sales of used port equipment M M IL Surlier of spare parts
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      Page 48 Advertisements Column 2
      278 48 ijl/j) Batam Daily Service. SINGAPORE INDONESIA CROWN FREIGHT EXPRESS PTE LTD P.T. SYSTEMINDO CONTAINER PERSADA No 7 KEPPEL ROAD #03-43 TANJONG PAGAR COMPLEX LPIfJ CONTAINER DEPOT PORTABLE CABIN STEEL FABRICATION SINGAPORE *****3 TEL (65) 225 6190 (4 UNES) FAX: (65) 225 2603 BATAM FACTORY: c/o P.T. PERTAMINA TONGKANG KABIL Emad
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      105 49 Visit us at: SINGAPORT'9B (March 24 to 27) Saturn Bm Hall3A Booth 3H6-1 World Trade Centre Inmarsat B Marine Terminal v'*« it 4 1' ~t ~t 1,. a»Psr Features: Voice Fax Telex High Speed Data v a E-mail Internet Inmarsat^ Saturn Bm provides access to the international s M Jj&
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      91 49 GEMARTRANS Meeting 1 YOUR Shipping Needs IN VIETNAM^ Our activities and establishment include: offering a reliable container feeder service being a Terminal, CFS ICD operator providing Ship Brokering, Sea Air freight forwarding Liner Tramping agent Gemartrans (Asia) Co Ltd Gemartrans (S) Pte Ltd 35 Nguyen Hue Avenue 70 Shenton Way
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      Page 49 Advertisements Column 3
      62 49 11l fillil hlMil 'if i^*lfjjf s*H'».&, H *~Marllnk is relevant Information, efficient communication, ,i productive commerce and global collaboration at your fingertips. •;;> Provided by Telenor r 'Asian (Dredging ConsuCtancy Buying and Selling of used dredging equipment Engineering and new building of dredgers Consultancy Services Dredging specialist Manpower supply Dredger
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      403 50 WILSON W TAYLOR ASIA PACIFIC PTE LTD A WORLD RENOWNED NAME IN MARINE, INDUSTRIAL AND OFFSHORE CORROSION CONTROL UTILIZING THE LATEST CATHODIC PROTECTION TECHNOLOGY. K is my pleasure to announce the establishment of Wilson Taylor Asia Pacific Pte. Ltd. in Singapore with a full team of well qualified staff to
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      53 50 o^. I (for limited period of March/April 98 only) Discover a nature escapade in the city..." Til I J— I I £<l I^l Si i fiai lea 1 H I I S 1 g --OB I J The Singapore skyline from the Roof Garden y group Deluxe Suite Park view
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      50 51 Right Product Competitive Price Reliable Service 45 Far East throughout the World (fk TRAMP OIL Marine (Far East) Pte Ltd Fax *****20 7n Ch fl nt rt va/ow #17 m a T,x RS ***** TOMFE 70 Shenton Way, #17-01 A n tometadpaqt Marina House, Singapore *****8 V*' 1 Aon; *****88
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      328 51 WMBm <■•■■•"' Jurong Port, owned and operated by Jurong other regional ports. Plus, ample warehousing and Town Corporation, is Singapore's main gateway open storage facilities located near the berths for for bulk and industrial cargo. We offer you both short and long term storage of cargo, multi-purpose deepwater berths with
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      140 52 J'\ t fj'Ji i I /f/S'-f J >*-1 ii J --I -!i J 1 -H i j 4W, j'™ < A H"■ J"' "I" lII' 1 tU1 J;1?JM« -V I -H■J M I iVtil -11 i f ijjji, nwn j ,«r/, .®l*j J case*— I ~"j"~ 5* f j -A'-.j
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      161 52 HUH The Preferred Chain of No Frills Hotel (with 771 rooms) |HH 10 minutes walk from Kallang(E3)/Aljunied(E4) 111 Conveniently located Money back guaranteed. BAAIAI Air-conditioned rooms j s unsa tjsfactory jmThP^PV Colour TV' .within 15 minutes after check-in) v lAh H ■■■■■■■V v J .m ■dHIINI Attached bathroom M^^HSHHr! In-room
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      27 52 I H i of sailing schedules around Asia. Place an ad in TBtBUBDOaBTDOE SffIPPiNG Times Bernard Ong 740 1645 Iris Lim 740 2044 Jarrod Leong 740 2089
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