The Business Times, 3 March 1999

Microfilm: NL21390
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    11 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, MARCH 3, 1999
    11 words
  • Article
    MARKET SUMMARY
    66 1 OX Mian (4.24) pjwt-m ■J HMC (4.47) SMSCI FOTUIES 21L70 (-1.30) CTKABXETVOOD: BJI Mixed STOCK HA1XET INDICES Tuesday Change KLSE COUP 526.03 -151 NIKKEI 13.9S1.06 -***** HANG SENG 9,***** -***** SET INDEX -2.12 JAKARTA OOMP —***** -\M MANILA COMP _1,970.38 +411 TAIPEI WPI *****4 -4&71 SEOUL OOMP *****
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  • Article
    FINANCE
    83 1 ran bars us$ ss USI 1.733 £(US$/S$ per 1.608 1787 EURO(US5/S$ per E) 1.089 1.886 DM 1.717 0964 YEN 120.1 1.443* KM 3.800 0.466 HKJ 7.748 0J24 BAHT 37.44 0.046 HJPIAH 8360 0.020* St to 1 $0 unit* PUKE SATES SINGAPORE* 6.828 KUALA LUMPUR *11.50 JAKARTA .28.90 BANGKOK 14.75
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  • Article, Illustration
    TK Lim set to give up control of Multi-Purpose empire
    895 1  -  Tycoon seen as an Anwar ally to surrender board seats, say sources From Ruth Wong in Kuala Lumpur AFTER being reluctantly drawn into the Anwar Ibrahim saga, Malaysian tycoon Lim Thian Kiat looks set to relinquish control of his diversified
    895 words
  • Article, Illustration
    Lock icon Developers show strong interest in Sengkang site
    825 1  -  Bids of between $150 m and $200 m expected By< Corinne Kerk, Christopher Tan [SINGAPORE] Despite the dull property market, developers are showing keen interest in a Sengkang site tender, with key players teaming up either with each other or a foreign party
    JEN CHUA  -  825 words
  • Article
    Sing dollar a favoured short among hedge funds
    721 1  -  But analysts warn of dramatic reversal if sentiment tarns By I Siow Li Sen [SINGAPORE) Hedge funds are still very much around and shorting the Singapore dollar continues to be the flavour of the month among the regional currencies, said foreign exchange
    721 words
  • Article
    OCBC property valuation met with 'Is that all?'
    443 1  -  Market value of its properties as at Dec 31 is just $2-3b By\ Siow Li Sen [SINGAPORE] Perish the thought that OCBC Bank sat on billions of dollars worth of properties that were grossly understated on its books. That was exactly what
    443 words
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      130 1 msnMß It looks like the coupon on Singapore bonds will have to top 4%. Plus, the US dollar is poised to go even higher, Full reports, Pg 5 Parkway forecast Parkway Holdings' 1998 performance is likely to have fallen in line with analysts' expectations, says managing director Tony Tan, Pg
      130 words
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      209 1 jfllk £9k fHIE^^S^BPHBP^^SuBH^^I gaWpK.^B w» T /iWf Th jaNKjMk -r^^k H. 3% Hi I- J mnrn imai a 4.{ a *H_. y. prvgrsTiiifie, #wi w'lWk TUB sssiiy ctocK up asi« wuii wnen y<Hl 4k« rt m lin ■?iM« A f' iff 4M|r CRM «H*n]r pSffMr MfflM, Ana W«8N!^;1 w^ you
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      10 1 OCBC to step up activity in housing loans, Pg 17
      10 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Smugness makes West reluctant to address Asian crisis: PM
      615 2 Assumption is that many brands of Asian capitalism have failed The Straits Times [SYDNEY} Western reluctance to address the Asian financial crisis decisively stems from a "smug" belief that only the Western model of capitalism works, said Prime Minister Goh Chok
      The Straits Times  -  615 words
    • Article, Illustration
      Lock icon CPI down 1.2% in 2nd half 1998
      343 2  -  BYE Oil THE ECONOMY Inflation By I Soh Tiang Keng THE consumer price index (CPI) for Singapore's miudle and higher income groups fell during the second half of last year. But prices for the lowest income group edged up slightly. Latest figures from
      Source: DOS  -  343 words
    • Article
      Lock icon Polls accepted as fair will lower Indon tension: PM
      320 2 People's perception of coming elections crucial to country's stability, he says The Straits Times [SYDNEY] An essential condition for stability in Indonesia is its people's perception of how the coming elections are conducted, said Prime Minister Goh Chok Tong. A result
      The Straits Times  -  320 words
    • Article, Illustration
      US consultant says S'pore hotel values have bottomed out
      418 2  -  No oversupply seen as industry picks np in 18 months By Carol Eng SINGAPORE hotels' capital values have bottomed out but are likely to stay down for the next 12 to 18 months before rising, says a new United States-based hotel
      418 words
    • Article
      BG Lee sends his condolences
      154 2 DEPUTY Prime Minister Lee Hsien Loong has sent his condolences to the wife of retired Colonel Khoo Eng An, a former commander of the Republic of Singapore Navy (RSN) who died on Monday. In a letter to Dorothy Khoo dated March 2, Brig-Gen Lee said
      154 words
    • Article, Illustration
      Lock icon Homegrown firm Mode Circle to be wound up
      420 2  -  Byi Carol Eng EVEN those once touted as Singapore's most enterprising firms can buckle under, as shown by cosmetics firm Mode Circle which is folding up. Earlier this month, the High Court ordered Mode Circle to be wound up and appointed Menon
      FILE PHOTO  -  420 words
    • Article
      SIA heads list of top 50 Asian brands
      372 2  -  By Eugene Low SIA, or Singapore Airlines, is the top brand in Asia, according to international branding consultancy Interbrand. The airline was ranked highest on Interbrand's list of the top 50 Asian brands. Shauna Li-Roolvink, Interbrand's head of strategy practice, told BT
      372 words
    • Article
      TDB opens Bangkok office
      581 4  -  Hove to boost Slagging bilateral trade which fell 24% in last 2 years with onset of Asian crisis From Harish Mehta in Bangkok THE Singapore Trade Development Board yesterday opened its Bangkok office in a bid to boost bilateral trade, which has fallen by 24 per
      581 words
    • Article
      Shanghai-S'pore housing project is 90% ready
      298 4  -  Units in $200 m development will be handed over to buyers in Q2 By' Teh Hooi Ling THE $200 million ShanghaiSingapore housing project in Pudong is 90 per cent completed, and will be handed over to buyers in the second quarter of this year.
      298 words
    • Article
      Casinos support quality tourism
      728 4  -  LETTERS TO THE EDITOR Tan Hock Siew Singapore TWO recent letters in The Straits Times (Feb 19) against the merits of legalising a casino in Singapore have prompted me to share my views on this subject. Over the past 30 years, I have had the opportunity
      728 words
    • Article
      Restrictions that retard e-commerce
      177 4  -  Denis Distant via Internet I REFER to Wayne Lim's letter "Time to review credit card income limits" (BT, Feb 20) and his inability to get a credit card in spite of he and his wife earning $45,000 per annum. In the US, where credit cards first
      177 words
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      65 3 ,e JBL.^ v l. jg Mffis ->. <£.- 4 "Vu* jOfe tC: v •si*'," ijflljHHi A Mi James Giaf Managing Director. Coiporate Finance. Merrill Lynch (Singapore) Pte Ltd > Millonui MARINA PROPERTIES PTE LTD ISO 9002 CERTiFIED 1908 Marina Properties Private Limited. 3 Temasek Avenue. Centennial Tower. #10 02. Singapore
      65 words
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      418 4 Our results for 1998 In a number of our major markets 1998 saw changes. As a result we propose to conthe toughest economic conditions for many solidate our share capital into a single class years. That the Group is able to report in- of ordinary shares in US dollars and
      418 words
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      73 4 HELP SAVE \St\ EARTH. m (And get paid for doing it) Give the Earth and other Singaporeans a helping hand offer /j\ J someone a paid lift 1 Wv to work each day! I To experience the rewards of saving A the environment, call! 800-*****66 J A /}£j\ for a
      73 words
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Greenback looks set to move higher
      1261 5  -  Volatile markets may allow for buying opportunities on dips By Larry Wee TRY as any observer will, it's rather difficult not to reach the conclusion that, despite a hiccup now and then, the US dollar is still the best bet compared to the somewhat
      Source: Hypovereinsbank  -  1,261 words
    • Article
      Sing bond yields: 4% expected
      775 5 Response to HDB issue shows need for higher coupons IT'S beginning to look like coupons on the next couple of Sing bond issues will have to be above 4 per cent, in order to attract better investor demand. This was underlined by less than enthusiastic
      775 words
    • THE WEEK AHEAD
      • Article
        United States:
        79 5 Friday: The highlight of the week is February's labour market stats, which are once again widely expected to come out strong. After January's robust 245,000 new jobs, non-farm payrolls should be at least 250,000 (MMS) but could go as high as 280,000 (IDEA), or even nudge 300,000 (DB).
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      • Article
        Chlina:
        128 5 Friday: The 9th People's Congress commences. IDEA suggests agenda could be dominated by continuing shift in emphasis from state-owned enterprises (SOEs) to private enterprises (PEs). Highlights could include: changes in rules which exclude PEs from construction and en- tertainment sectors; projects in sectors like hydropower, environmental protection, agriculture and
        128 words
      • Article
        Euroland:
        66 5 Tomorrow: Despite the build-up of political pressure for the European Central Bank to cut euro interest rates, many argue that with this week's new low for the euro against the US dollar it won't oblige at its meeting tomorrow. "We expect the ECB to stay on hold at this
        66 words
      • Article
        Lock icon Indonesia:
        94 5  -  Compiled by Larry Wee Sources: Deutsche Bank Research (DB); Independent Economic Analysis Holdings (IDEA); MMS International (MMS) March 2-6: Final eligibility of political parties there are some 141 applicants for Indonesia's June elections to be announced. Other key dates to watch out for: March 27 to April 10: lists
        Sources: Deutsche Bank Research (DB); Independent Economic Analysis Holdings (IDEA); MMS International (MMS)  -  94 words
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      495 5 KPMGSeminarSeries Cash Flow Management Reengineering An Element Of Risk Management andcontrol Thursday, 25 March 1999, 9.00 am to 4.00pm, The Pan Pacific Singapore, Ballrooms I II What Cash flows are the life-blood of any organisation in business. They should be proactively managed to control the inherent financial risks. Cash flow
      495 words
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      135 6 L Are your purchasing costs larger than you think? 5 m \The New DBS MasterCard Purchasing Card process is fraught with expensive paper lfrni ir t. r ai 1 s a' 1 d costly approva l deia/s, leading to .n fl ated costs somettmes as much os '5 t mes
      135 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Fitch says Thai bank system needs US$30b injection
      542 7 Figure's three times govt funds available; less than 15% of bank NPLs restructured AFP [BANGKOK] Thailand's banking system needs US$3O billion (5551.6 billion) for recapitalisation three times the funds available under the government's capital support scheme, ratings agency Fitch IBCA said yesterday.
      AFP  -  542 words
    • Article, Illustration
      Euro hits a new low on renewed greenback surge
      321 7  -  Strength of US dollar saw S$ pip recent 1.7330 low By Larry Wee [SINGAPORE] Renewed US dollar strength forced the euro to yet another new low of US$l.OB6O in Asian trading yesterday afternoon, and allowed it to surge back above 120
      321 words
    • Article
      Lock icon Call to clear Afta product uncertainty
      250 7 AFP [JAKARTA] Uncertainty over which products will be exempt from tariff cuts under an Asean free-trade plan is deterring foreign investment in the region, according to the chief of DaimlerChrysler's Asian operations. "We are prepared to do investment and to be present in the
      AFP  -  250 words
    • Article
      Lock icon RM undervalued because of peg says M Stanley
      414 7 And this is boosting competitiveness of exports: report Bernama [KUALA LUMPUR] Malaysia's exchange rate is undervalued because of the currency peg under capital controls and this is boosting export competitiveness, Morgan Stanley Dean Witter said in a report. The report, WfiSbh was
      Bernama  -  414 words
    • Article, Illustration
      Lock icon Japan jittery over real recovery prospects
      420 7 Jan jobless at record high 4.4% with number np 25% Reuters, AFP [TOKYO] Japan yesterday gave voice to fears that massive public spending might not succeed in sparking a real recovery, and a central bank official said all options should be studied when pondering
      Reuters,; AFP  -  420 words
    • Article
      Lock icon Korean bank NPLs up 4.3% last year
      378 7 AFP [SEOUL] Non-performing loans (NPLs) at South Korean banks rose 4.3 per cent year-on-year to 22.2 trillion won (5531.4 billion) at the end of last year, a financial watchdog agency said yesterday. The Financial Supervisory Commission attributed the rise to more corporate failures
      AFP  -  378 words
    • Article
      Lock icon Indon trade plunges, but easing inflation offers hope
      377 7 AFP [JAKAßTA] Indonesia released trade figures yesterday showing both imports and exports tumbling with the country mired in recession, but slowing inflation offered a ray of hope to the economy. Exports slumped 16.9 per cent in December from a year ago and
      AFP  -  377 words
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      61 7 400 Queen Street, MELBOURNE 16 Leicester Street, CARLTON —__|g a «c^ sr 1 6levelmukHleck 7 j Hi L, «> carpark- Blevdcarparlc• %r,sS MOD* -,S j AiS:~ CARPARKS Tr Contact 10 AnJ R o ,d g n or > PteLtd 1006 spaces in total Vacant Possession Available Separately jeh'lmms For Sale
      61 words
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      61 7 i 177/1 THE WORLD'S LEADING TT, offshore company AND TAX PLANNING SPECIALISTS Sif'M. V>/S o H i:i.> over ?iS Incorporation Fees from US$5OO J BAHAMAS JERSEY K I BRITISH VIRGIN MAURITIUS M ISLANDS m F A m SEYCHELLES Kft P f&T m CAYMAN ISLANDS SAMOA J* m IRELAND /*m Visit
      61 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon I acted alone, Mahathir's not involved, says former IGP
      626 8 INQUIRY INTO ASSAULT ON ANWAR Dr M disappointed with R&him, says A-G will decide what action to take AFP, Bernama [KUALA LUMPUR] Malaysia's former police chief who assaulted ousted deputy premier Anwar Ibrahim said yesterday he acted alone and tivat Prime
      AFP,; Bernama; AFP  -  626 words
    • Article, Illustration
      Will the buck stop at Rahim Noor — or go higher?
      819 8  - Will the buck stop at Rahim Noor or go higher? ASIA* VIEW By Yang Razali Kassim FINALLY, after months of foot-dragging, Malaysia's own whodunit has been solved. The former inspector-general of police (IGP), Abdul Rahim Noor, yesterday personally owned up to what was already widely speculated: that it was he
      819 words
    • Article
      Lock icon I was paid to watch accuser, says former commando
      275 8 KUALA LUMPUR Reuters [KUALA LUMPUR] A former army commando told a Malaysian court yesterday he was paid to monitor the movements of a man who accused sacked finance minister Anwar Ibrahim of sodomising him. Ma'amin Latip, testifying at the trial of
      Reuters  -  275 words
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      188 8 Do what you do best and outsource the rest Sound advice when it comes to IT. Especially if you're money (we thought that might get your attention). Because to be frank, we can look after your outsourcing to National Computer Systems. You see, by letting us take care of the
      188 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Indon army unit accused of inciting violence
      275 9 JAKARTA Reuters EAST Timor guerilla leader Xanana Gusmao yesterday accused an intelligence unit within the Indonesian army of inciting violence in the tense territory. He called for the SGI, the intelligence wing of the Indonesian armed forces (Abri), to be withdrawn from East
      Reuters  -  275 words
    • Article, Illustration
      Lock icon Tension rises as two more bodies found in Ambon
      484 9 AMBON, Indonesia Troops posted in key areas amid rumours of peaceful protest by Muslims AFP TENSION mounted in the trouble-torn city of Ambon yesterday as two more bodies were found and troops were posted at key spots amid rumours of Muslims
      AFP; REUTERS  -  484 words
    • Article
      Lock icon Minor Thai cabinet reshuffle soon
      198 9 BANGKOK Reuters THAI premier Chuan Leekpai said yesterday a minor cabinet reshuffle was on the cards soon, but ministers in key portfolios such as finance would not be changed. The opposition has demanded the removal of Finance Minister Tarrin Nimmanahaeminda, Deputy Prime Minister and Interior
      Reuters  -  198 words
    • Article
      Lock icon Top WTO post: US won't back Supachai
      265 9 CHIANG MAI It prefers Canadian or NZ candidate to be director-general AFP [CHIANG MAI] The United States yesterday said it would not back Thailand's candidate for the World Trade Organisation's (WTO) top post as US Secretary of State Madeleine Albright began a twoday
      AFP  -  265 words
    • Article
      Lock icon Record 199 candidates in Sabah polls
      560 9 KOTA KINABALU They will fight for 48 seats in this month's elections Bernama A RECORD 199 candidates will be contesting the March 12 and 13 Sabah state elections after nominations closed yesterday with only one disqualification, the lowest in history. In the 1994 election.
      Bernama  -  560 words
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      238 9 J ————————I—_______—___ f J Z 5 9 1116 Pro s ram 0 A 14-month full time MBA program modeled after the Sloan Fellows program at MIT. Three 14-week trimesters followed by six weeks at the Sloan School at MIT. A dissertation on an Asian business project or policy issue. A
      238 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon KMT defeats first ever vote of no confidence
      253 10 TAIPEI AFP TAIWAN'S ruling Kuomintang party (KMT) yesterday defeated the first no-confi-dence vote it has ever faced amid a storm over a controversial share transaction tax. Parliament voted 142-83 against the motion. The KMT has 123 seats in the 225-seat legislature but
      AFP  -  253 words
    • Article
      Lock icon HK to put 25 lots of land for sale in next fiscal year
      280 10 HONGKONG Govt ends 10-month moratorium on sales to prop np market AFP HONGKONG'S government will put about 25 lots of land up for auction in the next fiscal year after a 10-month moratorium on sales to prop
      AFP  -  280 words
    • Article
      Lock icon Basic Law change to stem immigrant influx?
      271 10 HONGKONG Step not ruled out in longer term: HE security secretary Reuters HONGKONG yesterday said it would not rule out amending its post-colonial constitution to stem a potential mass influx of immigrants from mainland China. Secretary for Security Regina Ip told legislators that
      Reuters  -  271 words
    • Article, Illustration
      Lock icon Albright upbeat on Sino-US ties at end of China trip
      445 10 BEIJING She reaffirms US commitment to forging a partnership despite disputes Reuters AMERICAN Secretary of State Madeleine Albright wrapped up a contentious two-day visit to China yesterday, saying bilateral ties were on track despite fierce disputes over human rights, trade
      Reuters; REUTERS  -  445 words
    • Article
      Lock icon Zhu trip on track despite tensions, she says
      149 10 BEIJING AFP THE upcoming visit of Chinese Premier Zhu Rongji to the United States is on track despite tensions in Sino-US relations, US Secretary of State Madeleine Albright said yesterday. Mr Zhu's April visit to Washington will cover nonproliferation issues, human rights
      AFP  -  149 words
    • Article
      Lock icon China court to hear case filed by shareholder
      133 10 SHANGHAI Bloomberg CHINA'S courts agreed for the first time to hear a case in which a shareholder of a publicly traded company is accusing it of violating shareholder rights and is demanding the return of part of its investment, the Asian Wall
      Bloomberg  -  133 words
    • Article
      HK hamstrung in using exec power to cut wages
      499 10  -  Unlike HE, S'pore govt controls union and media: official From Loh Hui Yin in Hongkong A SENIOR Hongkong official said the government is hamstrung in using its executive powers to cut wages, unlike Singapore where the government has control over labour
      499 words
    • Article
      Lock icon HK business elite faces rising criticisms
      651 10 HONGKONG Tycoons' clout still strong bnt respect for rich is fading IHT WHEN Hongkong's tycoons complained in public this year that they wanted the government to sell more land, the government obliged days later. When the richest and most powerful bid too much for
      IHT  -  651 words
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      8 10 Editorial: An opportunity for US, China, Pg 14
      8 words
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      192 10 Hong Kong FLAS '99\HotfunM The 11th HK Int'l Machine Tool* Int^,str y Fa r C/ Linkage Industry Exhibition, South China Int'l HK Pack, Measurex '99 Textile Exhibition 26-29.3-1999 22-25 3 1999 Hong Kong Convention Exhibition |j"I {11 f f Address: 1 Harbour Road, Wanchai, fiong Kprig. > I > I
      192 words
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      180 11 No matter which of these five cathay pacific airlines she flies, Melissa White AmericanAirfnes earns miles she can use on any bruish airways of them. Anywhere in the world. canadbnAiriinesHow in the world does she do it? revolves around you. Now there's an alliance that lets you earn miles on
      180 words
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  • ASIA
    • Article
      Lock icon Indian software makers hail Budget boost
      450 12 NEWDELHI Exports likely to double to USs4b in year to March 2000 AFP INDIAN software makers have applauded Finance Minister Yashwant Sinha's Budget, saying it will help almost double exports to US$4.l billion (Ss7 billion) in the year to March 2000. Software exports in
      AFP  -  450 words
    • Article
      Lock icon Aborigine suit: lawyer rejects claim of genocide
      193 12 DARWIN AFP FORCIBLY removing partAboriginal children from their families in the 1940s and 1950s was not genocide but a way to help them escape a pitifUl existence, a court was told here yesterday. Aborigines Lorna Cubillo, 60, and Peter Gunner, 51, are suing
      AFP  -  193 words
    • Article, Illustration
      Lock icon India's colourful festival
      52 12 [NEW DELHI] Indian Finance Minister Yashwant Sinha (right) greeting Prime Minister Atal Behari Vajpayee during celebrations of the Hindu spring festival, Holi, here yesterday. Holi is a festival celebrated in India to welcome the onset of spring during which people throw colours on each other and distribute
      REUTERS  -  52 words
    • Article
      Lock icon Indian telcos take govt to court over US$872m fee dispute
      452 12 NEW DELHI They say regulator hasn't met terms of contract and they have lost money Reuters SEVERAL private Indian telecoms firms have started legal action against the government in a dispute over US$B72 million (Ssl.s billion) of unpaid licence fees.
      Reuters  -  452 words
    • Article
      Lock icon US, Japan clash over flat glass and steel
      329 12 TOKYO But they resolve to cool the trade row before May summit AFP SENIOR US and Japanese trade officials yesterday clashed on trade but agreed to try to cool the row before a US-Japan summit in Washington this year, reports said. Deputy
      AFP  -  329 words
    • Article
      Lock icon Shopping boom snuffs out Aussie rate cut hopes
      351 12 SYDNEY Jan retail sales soar 5.2%, more than doable expectations Reuters AUSTRALIAN consumers spent up a storm at the January sales, official figures yesterday showed, putting paid to thoughts that the economy is in need of another interest rate cut any time
      Reuters  -  351 words
    • Article
      Lock icon Recovery will usher in funding crisis: Keating
      247 12 BRISBANE Reuters ASIAN countries emerging from an economic downturn face a funding crisis as more people move into cities and demand grows for urban infrastructure, former Australian prime minister Paul Keating said yesterday. "While we have had a crisis in Asia that we
      Reuters  -  247 words
    • ASIA Briefs
      • Article
        Lock icon Ex-chiefs of failed Japan bank quizzed
        90 12 AFP [TOKYO] Japanese prosecutors yesterday questioned former chiefs of Hokkaido Takushoku Bank Ltd about hopeless loans extended before the bank's collapse. They spoke to two of the bank's former presidents 71-year-old Hiroshi Yamauchi who held the post from April 1989 to June 1994 and
        AFP  -  90 words
      • Article
        Lock icon Watchdog inspecting Sumitomo Bank
        52 12 Bloomberg [TOKYO] Sumitomo Bank Ltd, Japan's biggest lender, is being inspected by Japan's financial watchdog, a bank spokesman said. The Financial Supervisory Agency is looking at the lender's risk management system, particularly foreign-exchange, interest-rate and other risks that can significantly alter earnings, the Nihon Keizai reported
        Bloomberg  -  52 words
      • Article
        Lock icon Sri Lanka issuing 5-year bonds
        75 12 Reuters [COLOMBO] Sri Lanka's Central Bank will start issuing five-year treasury bonds from this week to boost the long-term debt market, TSN Fernando, superintendent of the bank's department of public debt, said yesterday. "Initially one billion rupees (Ss22 million) worth of treasury bonds will be
        Reuters  -  75 words
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      177 12 I I IVKZ3ch^3 i eaygaiaaaßii^ Furniture business opportunity LOW COST, GOOD PROFIT We invite you to come and get that chance at the PLAN YOUR VISIT "Furniture Interior Expo '99". Which will be held at the Jakarta Convention Centre Indonesia, a very j_ comfortable exhibition hall in a safe and
      177 words
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  • THE WORLD
    • Article
      Lock icon US economists see 3% growth this year
      454 13 WASHINGTON They say strong growth, low inflation likely to leave rates intact Bloomberg, Reuters THE US economy will probably grow 3 per cent in 1999, faster than first thought, according to a panel of forecasters from the National Association for Business Economics (NABE).
      Bloomberg,; Reuters  -  454 words
    • Article, Illustration
      Lock icon Animal attraction
      30 13 [P ARJS] Leader of the French communist party, Robert Hue, standing beside a cow during the 36th international farm show at the Porte de Versailles here yesterday. AFP
      AFP  -  30 words
    • Article
      Lock icon Brazil's real tumbles to new low, raising fears of inflation
      337 13 BRASILIA Fall blamed on lack of US dollars, foreign bonds coming dne Reuters. Bloomberg BRAZIL'S battered currency slumped to a new low on Monday, adding urgency to talks between the government and the International Monetary Fund on how to save
      Reuters.; Bloomberg  -  337 words
    • Article
      Lock icon Borrowers must avoid short-term credits, says IMF
      383 13 WASHINGTON Reuters THE International Monetary Fund on Monday urged borrowers to look more cautiously at volatile short-term capital flows and said lenders might be forced to wait for cash if countries needed time to pay. IMF managing director Michel Camdessus, speaking to the
      Reuters  -  383 words
    • Article
      Lock icon Lewinsky says sorry to Hillary, Chelsea
      256 13 NEW YORK Reuters MONICA Lewinsky told Hillary and Chelsea Clinton "I am very sorry" in a taped ABC-TV interview about her affair with President Bill Clinton, the Daily News reported yesterday. In the latest of a series of leaks about the former White House
      Reuters  -  256 words
    • Article
      Lock icon WTO sets up dispute panel over US 301 laws
      461 13 GENEVA US, EU trade charges as move is linked to banana row Reuters THE World Trade Organisation yesterday set up a panel to look into the United States' controversial 301 laws which the European Union says violate global trading rules. Ambassadors
      Reuters  -  461 words
    • Article
      Lock icon Russia denies Y2K will trigger its nukes
      299 13 MOSCOW AFP RUSSIA yesterday denied the millennium bug could accidentally launch its nuclear weapons, claiming that its system control computers had no dates built into their memories. "There are no such problems in either the main, reserve or duplicating computers of our strategic
      AFP  -  299 words
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      168 13 www.sharp.com.sg SHARP Sharp Minds, Sharp Products. c Carry less! New, extra light J IXotelision can lumen brilliance on a big screen in VGA and Let them gasp, leave them breathless! With the new XG'NV4SM you can project PC and Mac images with plug and play convenience and achieve stunning 300"
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  • EDITORIAL & OPINION
    • Article, Illustration
      Habibie scores a coup over E Timor
      756 14  -  THE BOTTOMLDTE OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent AFTER 23 years of pouring money and material into its 27th province, Indonesia has, in the blink of an eye, decided to give East Timor what it has been demanding for
      756 words
    • Article
      IN OTHER WORDS
      133 14 'Election is not the end of democracy. Democracy is a process. Election is just one important event in the process.' General Olusegnn Ohasaiyo who was officially declared Nigeria's next president. I can't recall a single ad from a mutual fund company.' Jerry Delia Femina who runs his
      133 words
    • Article
      An opportunity for US, China
      604 14 EDITORIAL UNITED States Secretary of State Madeleine Albright is in Beijing this week holding talks with Chinese leaders that focus on deteriorating Sino-US ties. Indeed, the negotiations are taking place in the worst possible diplomatic atmosphere, with the Clinton administration and a bipartisan coalition in
      604 words
    • Article, Illustration
      Lock icon Siege mentality keeps Microsoft on cutting edge
      961 14  -  Combative culture makes the software giant an intimidating competitor By\ David Ignatius in Redmond, Washington TWO weeks ago, with Microsoft under attack in the United States federal court for allegedly doctoring a videotape, the company's president, Steve Ballmer, sent a gung-ho e-mail message
      FILE PHOTO  -  961 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1080 14 DeUy over banks bodM ill WHATEVER the reason or objective in delaying the bank clean-up, and however strongly the move was endorsed by the World Bank and the International Monetary Fund (IMF), the decision does not bode well for the credibility of bank restructuring measures now
      1,080 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Two struggle to a win
      373 15 Rafter and Ivanisevic win openers in Scottsdale but two other seeds fade out Reuters PATRICK Rafter is trying to find the form that made him a two-time US Open champion while Goran Ivanisevic was fortunate to find the second round as the seeded pair won
      Reuters; FILE PHOTO  -  373 words
    • Article, Illustration
      Lock icon Is fashion getting out of fashion?
      981 16 FASHION Some fashion gurus feel it has pushed itself into the margins of most people's lives NYT (MILAN. Italy] In this aristocratic old city where fortunes have been made from mere cloth, just about all the Milanese have fashion on their minds, if not
      NYT; PHOTOS BY REUTERS  -  981 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
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      157 words
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      Page 15 Advertisements Column 2
      107 15 available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat 737 9944 Fax: 733 3175 Caa¥omul Wait for P t for "Jour »yuM count... MAUK£CS' ALUy 'SUff^T £*er«j fVuUjj i rvfiv'nflC I per Aditf 1&.00+++ ?tr ctiiuL
      107 words
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      Page 15 Advertisements Column 3
      163 15 An endless lunch and dinner a la carte buffet with 88 outstanding Cantonese dishes, prepared by Hong Kong chefs. Complimentary plate of Braised Whole Baby Abalone with Oyster Sauce and Braised Shark's Fin Soup with Brown Sauce will be served to diners. Lunch: $26.80 (Adult) $15.00 (Child) Dinner: $28.80 (Adult)
      163 words
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      Page 15 Advertisements Column 4
      109 15 Js-nftiSS W 1 B f 2-13 March '99 Fu Acrobatic Troupe performance 2-4 March *99 vLINARY ■■MLQjfiffORMiNG ■RTS Reservations: 224-3203 i O 111 Ummm Hmm, C+mr Q/m% %fW —Mi 1*2*4*22 W*w Uao's 100 Diskgs <Sour»ne+ Prepare yourself for on incredible lunchtime buffet featuring 100 delightful dishes including Braised Short's Fin.
      109 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      864 15 CRYPTIC CROSSWORD ACROSS 19 Eventually observing cor--20 Sidney turns to marriage af--24 The one over here belongs —IhJ Lm mm LbJ ImJ LjJ Lj^H tho?x?of, smasl J es ca 7 Treat gently when said com- YESTERDAYS SOLUTION noe on the water (9,5) has custod (64 4) |p| R |o|p|o| s
      864 words
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  • COMPANIES & MARKETS
    • Article
      OCBC to step up activity in housing loan market
      467 17  -  Flat performance in '98 attributed to the overall sluggish property market By I Siow Li Sen [SINGAPORE] OCBC bank intends to move aggressively into the housing loans business following a flat performance last year. Indeed, the bank was active in giving
      467 words
    • Article, Illustration
      Lock icon Parkway close to analysts' forecasts: MD
      702 17  -  No more provisions; three hospitals off to good start this year By: Rahita Elias [SINGAPORE] Parkway Holdings' 1998 performance is likely to have fallen in line with analysts' expectations, according to managing director Tony Tan in response to a press query. He also told
      SIEW YAW HOONG  -  702 words
    • Article
      With new man at its helm, ST Computer to restructure?
      504 17  -  HOCK LOCK SIEW David Boey ALL eyes are on Stephen Yeo, the National Computer Board's former chief executive who joined ST Computer Systems and Services Ltd at the start of this month as its second president and chief executive officer.
      504 words
    • Article
      Teamsphere gets nod for Sesdaq listing
      183 17 [SINGAPORE] Local specialist metals engineering group Teamsphere Pte Ltd yesterday said it received in-princi-ple approval from the Stock Exchange of Singapore for its proposed Sesdaq listing. The company is expected to launch its initial public offer sometime within the month, said sources. Citicorp Investment
      183 words
    • Article, Illustration
      Intraco's top telecom man Tay Kim Hock resigns
      338 17  -  Company gives no other details on surprise move By' Teh Hooi Ling (SINGAPORE! In a surprise announcement, Intraco Ltd yesterday said Tay Kim Hock, its chief operating.officer and point man for the group's thrust into telecommunications, has resigned with immediate effect. In
      338 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Millennium & Copthorne sees no severe recession in its markets
        451 18 Millennium Copthorne sees no severe recession in its markets Hotel group's 1998 pre-tax up 20%; it says occupancy's strong and it's eyeing acquisitions AFX-Asia, Bloomberg [LONDON] Millennium Copthorne Hotels said it does not believe the markets in which it operates are heading for a severe recession, adding that it will
        AFX-Asia,; Bloomberg; FILE PHOTO  -  451 words
      • Article
        BNP buys Alliance Securities' SES seat
        506 18  -  Move fits in with French bank's regional expansion By' Wong Wei Kong [SINGAPORE] French bank Banque Nationale de Paris (BNP) yesterday announced the acquisition of Alliance Securities' seat on the Stock Exchange of Singapore (SES), notwithstanding the government's plans to merge the stock and
        506 words
      • Article
        Lock icon KL to present Renong debt repayment plan
        178 18 Bloomberg [KUALA LUMPUR] Malaysia will present Renong Bhd creditors, who are owed more than 20 billion ringgit (Ss9.l billion), with a debt repayment plan on Monday aimed at keeping the nation's largest industrial group afloat. The country's Corporate Debt Restructuring Commit- tee will
        Bloomberg  -  178 words
      • Article
        SPP's Indon unit declared bankrupt
        263 18  -  By David Boey [SINGAPORE] An Indonesian subsidiary of SPP Ltd, PT Borpiling Lestari (PTBL), has gone bust. The company was declared bankrupt by an Indonesian court last week after creditors rejected a repayment plan. SPP said yesterday that the closure of the construction and foundations
        263 words
      • Article
        Lock icon TAC back in black on baht strength
        294 18 Bloomberg [BANGKOK) Total Access Communication pel (TAC) yesterday said it returned to profit in 1998 after a record loss a year earlier, mainly because of a currency gain as the baht strengthened against the US dollar. Thailand's second-largest mobile phone operator earned 13
        Bloomberg  -  294 words
      • Article
        JC-MPH stock, warrants soar in heavy volume
        499 18  -  Sharp rise prompted by news that Hong Leong group keen on stake in company Hy i Conrad Raj [SINGAPORE] The price of Jack Chia-MPH shares and warrants shot up in frenetic trading yesterday on news that the residential home builder and publisher was
        499 words
      • Article
        Analysts see 80-85% jump in NEL net earnings
        423 18  -  By, Annette Pau [SINGAPORE] Analysts are expecting blue-chip contract manufacturer Natsteel Electronics to post an 80-85 per cent jump in net earnings for the year ended December 1998 when it releases its results today. The much-anticipated improvement is expected to be boosted
        423 words
      • Article
        Nippecraft bounces into black with $4.1m profit in '98
        335 18  -  Reliance on own brand, cost-catting lead to turnaround Byy Carol Eng [SINGAPORE] In a major turnaround from the $416,000 net loss in 1997, mainboardlisted Nippecraft netted $4.1 million in earnings last year and expects "significant growth" over the next few years.
        335 words
      • COMPANY Briefs
        • Article
          Pacific Can exco changes
          37 18 [SINGAPORE] Pacific Can Investment Holdings said Low Hua Kin has ceased to be chairman and a member of the company's executive committee. Mr Low remains as non-executive chairman of the board of directors.
          37 words
        • Article
          Sootts Holdings official quits
          20 18 [SINGAPORE] Scotts Holdings said Chee Wai Ping, general manager (retail development), has resigned from the company.
          20 words
        • Article
          Keppel FELS signs MOU on JV
          55 18 [SINGAPORE] Keppel FELS and SMIT International of Rotterdam have signed a memorandum of understanding to transform the present pool arrangement Asian Lift Pte Ltd into a full-fledged joint venture with the two parties each continuing to own half of the company's equity. The agreement
          55 words
        • Article
          Lock icon Camerlin pre-tax up 19% to RM45.6m
          65 18 Bernama [KUALA LUMPUR] Camerlin Bhd posted 45.63 million ringgit (5520.8 million) in group pre-tax profit for the year ended Dec 31,1998, up 19 per cent from RM38.42 million previously. Releasing its unaudited results, Camerlin said group turnover rose 24 per cent to RM152.66 million
          Bernama  -  65 words
        • Article
          Lock icon Sime Darby interim results on March 17
          55 18 Bloomberg [KUALA LUMPUR] Sime Darby, one of Malaysia's biggest and most diversified companies, will report on March 17 its results for the half year ended Dec 31, a company official said. No other details were immediately available. Sime Darby owns businesses in real
          Bloomberg  -  55 words
        • Article
          Lock icon Rights issue from Thai firm Delta
          103 18 Bloomberg [BANGKOK] Delta Electronics, Thailand's largest maker of computer monitors and one of its biggest exporters, said it aims to raise 720 million baht (5533.26 million) from a one-for-20 rights issue in May. Delta, two-thirds owned by units of Taipei-based Delta Electronics, said it
          Bloomberg  -  103 words
      • Article
        Lock icon Bakrie sells assets to save Bank Nusa: report
        373 19 Antara says chairman taking steps to avoid being blacklisted Reuters [JAKARTA] Indonesia's Bakrie Group has sold assets to raise funds to stop its banking arm Bank Nusa Nasional (BNN) being shut down by the government, the official Antara news agency said yesterday.
        Reuters  -  373 words
      • Article
        Lock icon Japanese in stake deal with LG Metals
        294 19 Bloomberg [TOKYO] A Japanese group led by Nippon Mining Metals Co will buy 50 per cent of the copper businesses of LG Metals Corp for US$3l9 million (***** million), creating one of the largest copper smelting groups in the world, the companies said.
        Bloomberg  -  294 words
      • Article
        Lock icon Telekom: Analysts expect weak results
        374 19 AFX-Asia [KUALA LUMPUR] Telekom Malaysia Bhd will report net profit of 1.1-1.4 billion Malaysian ringgit (Sssol-$638 million) for 1998, down from RM1.83 billion in 1997, pressured by poor performances from its cellular operations, analysts said. The results are expected to be released soon. Other contributing
        AFX-Asia  -  374 words
      • Article
        Lock icon Sanyo sees 15b yen loss as sales fall
        226 19 AFP [TOKYO] Japan's Sanyo Electric Co Ltd said yesterday it would slip into the red in the year to March 31 due to weak sales and losses stemming from the liquidation of overseas sales units. It forecast a group pre-tax loss of
        AFP  -  226 words
      • Article, Illustration
        Bausch & Lomb's sees high growth in Asia-Pac region
        413 19  - Bausch Lomb's sees high growth in Asia-Pac region It expects new surgical equipment business to grow 17% By Marissa Chew [SINGAPORE] Despite the region's economic woes, American eyecare giant Bausch Lomb will see its newest business in surgical equipment grow by 17 per cent in the Asia-Pacific this year while
        413 words
      • Article
        Lock icon HK Telecom plans to convert HK to Asia's Internet hub
        251 19 Three-year plan for e-commerce centre; it buys Taiwan ISP Reuters, Bloomberg [HONGKONG] Hongkong's leading telecom company, Hongkong Telecommunications Ltd. yesterday unveiled plans to build the territory into Asia's preferred Internet hub and e-commerce centre in three years. Hongkong Telecom, in
        Reuters,; Bloomberg  -  251 words
      • Article
        Lock icon US fund manager owns 14% of Swire 'A' shares
        195 19 Bloomberg [HONGKONG] Brandes Investment Partners LP, a closely held US fund manager, became the largest holder of A shares in Swire Pacific Ltd, which has interests in real estate, aviation and CocaCola bottling. In a disclosure notice issued through the Hong
        Bloomberg  -  195 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Earlier opening stuns London dealers
        569 20 Plans for Ist phase of harmonisation between London and Frankfort ready soon: LSE Reuters [LONDON] The prospect of the London Stock Exchange opening an hour earlier was greeted by a mixture of horror and resignation by hardpressed local equity dealers on Monday. Only last July,
        Reuters  -  569 words
      • Article, Illustration
        Lock icon The going gets tough even for The Real Thing
        538 20 Coca Cola hits a rough patch abroad, with falling sales, flat or sliding profits NYT [NEW YORK] In a speech in Chicago last week, the chairman and chief executive of Coca-Cola Co made references to several popular films of different eras,
        NYT; Source: Bloomberg  -  538 words
      • Article
        Lock icon Hewlett-Packard aims to make 1m PCs next year
        198 20 Reuters [SINGAPORE] US computer giant Hewlett-Packard Co aims to produce one million personal computer (PC) units in 2000, and booming Asian markets will contribute to the target, a senior company official said yesterday. HP is positioning itself as the world's No 2
        Reuters  -  198 words
      • Article
        Lock icon Alcatel to buy rival Xylan for US$2b
        339 20 TELECOM DEALS Move by French phone maker to boost US presence Bloomberg [PARIS] Alcatel SA, Europe's No 2 phone-equipment maker, agreed to buy US rival Xylan Corp for about US$2 billion (553.4 billion) in cash, boosting its business that links computers to phone
        Bloomberg  -  339 words
      • Article
        Lock icon GEC to buy Reltec for US$2.1b
        347 20 Bloomberg [LONDON] General Electric Co pic, one of the UK's biggest manufacturers, on Monday agreed to acquire US-based Reltec Corp for US$2.l billion (553.6 billion) in cash and assumed debt as it expands into telecommunications after selling defence businesses. GEC will pay Kohlberg Kravis
        Bloomberg  -  347 words
      • Article, Illustration
        Lock icon New models, cost cuts boost Renault H2 earnings 18%
        479 20 European recovery sees '98 net soaring 63% to 1.35b euros Bloomberg [PARIS] Renault SA said second half profit jumped 18 per cent, boosted by cost cuts and the continued success of three new models the Clio compact car, the Megane Scenic
        Bloomberg; REUTERS  -  479 words
      • Article
        Lock icon ING to sell 25% stake in Dutch mobile phone firm
        278 20 Bloomberg [AMSTERDAM] ING Groep NV will sell a 25 per cent stake in Libertel Groep, the Netherlands' No 2 mobile phone company controlled by the UK's Vodafone Group, in an initial offering that one analyst estimates could raise as much
        Bloomberg  -  278 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon MCI WorldCom begins selling Internet services in Asia
        565 21 Move is part of US phone company's USs&sb plan to expand globally Bloomberg [HONGKONG] MCI WorldCom Inc, the second largest US long-distance phone company, said it has begun selling Internet services to businesses in the Asia-Pacific markets as part of a US$6.5
        Bloomberg  -  565 words
      • Article, Illustration
        Lock icon Iridium misses target plans to renegotiate loans
        394 21 Satellite-based telco cites phone, pager shortages, poor marketing efforts Bloomberg [WASHINGTON] Iridium, provider of the world's first satellite-based global-tele-phone network, said it expects to fall short of first quarter profit and revenue target and will have to renegotiate its credit agreement. Iridium's system
        Bloomberg; FILE PHOTO  -  394 words
      • Article
        Lock icon Schwab Web site down for 3rd time in 3 weeks
        311 21 Bloomberg [SAN FRANCISCO] Charles Schwab Corp said its Web site crashed for 25 minutes, its third outage in three weeks, because of software it's installing to add capacity to its online trading systems. The outage lasted from about 10 am
        Bloomberg  -  311 words
      • Article
        Lock icon Quantum stock split to track businesses
        410 21 It will also expand its computer network storage unit Bloomberg [MILPITAS, California] Shares of Quantum Corp, the No 2 computer disk drive maker, rose 19 per cent on the company's plan to expand its computer network storage unit and split its shares into separate
        Bloomberg  -  410 words
      • WORLD Briefs
        • Article
          Lock icon Baan posts US$295m Q4 loss
          82 21 Bloomberg [PUTTEN, Netherlands] Baan NV, Europe's No 2 business-management software maker, lost US$295 million (*****.9 million) in the fourth quarter, more than expected, as it took charges to cut a fifth of its workforce and sell units. The fourth-quarter loss was US$l.45 per diluted share,
          Bloomberg  -  82 words
        • Article
          Lock icon Dow Corning earnings down 21% in Q4
          57 21 Bloomberg [MIDLAND, Michigan] Dow Corning Corp said fourth-quarter earnings fell 21 percent, dragged down by a strong US dollar and weak demand in Asia. The joint venture of Dow Chemical Co and Corning Inc, had net income of US$4B.4 million (5583.8 million), down
          Bloomberg  -  57 words
        • Article
          Lock icon DuPont completes Herberts purchase
          56 21 Bloomberg [WILMINGTON, Delaware] DuPont Co completed its purchase of paintmaker Herberts from Germany's Hoechst AG for US$l.9 billion (553.3 biUion) in cash, making DuPont the world's biggest maker of auto paints. The combined business, to be known as DuPont Performance Coatings, will have annual sales of
          Bloomberg  -  56 words
        • Article
          Lock icon Fungicides boost BASF's sales
          48 21 Bloomberg [LUDWIGSHAFEN, Germany] BASF AG, Europe's largest chemicals maker, said 1998 sales at its cropprotection unit rose 6.6 per cent, boosted by continued strong demand for fungicides. Sales for 1998 rose to 3.423 billion Deutschemarks (553.3 billion) from 3.210 billion marks in 1997. Bloomberg
          Bloomberg  -  48 words
      • Article, Illustration
        Lock icon Shares of PC makers, Intel fall on concern about sales
        508 21 Analysts say the PC market is not as robust as expected Bloomberg Reuters [SANTA CLARA, California] Shares of Intel Corp, Compaq Computer Corp and other computer related companies fell on concern that slowing personal computer sales will eat into profits.
        Bloomberg; Reuters; Source: Bloomberg  -  508 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Jardine Lloyd Thompson profit rises 15%
        338 22 Reuters [LONDON] British insurance broker Jardine Lloyd Thompson Group, reporting a 15 per cent jump in annual profits, yesterday said its markets are likely to remain competitive but it is confident of delivering further growth. Chief executive Ken Carter said the group had £70
        Reuters  -  338 words
      • Article
        Lock icon Taiwan bank drops plan to buy BankAmerica unit
        427 22 Chin&trnst says US bank's Taiwanese retail operations unit is too expensive Bridge News [HONGKONG] Taiwan's Chinatrust Commercial Bank has abandoned plans to bid for Bank America's retail operations in Taiwan since it decided that the unit was too expensive in the current
        Bridge News  -  427 words
      • Article, Illustration
        Lock icon Wells Fargo launches animated ads on its ATM screens
        336 22 Reuters [SAN FRANCISCO] Making use of an audience that is sure to be watching, Wells Fargo said on Monday it was launching animated advertisements on the screens of some of its automated teller machines. Online book and music seller Amazon.com will
        Reuters; FILE PICTURE  -  336 words
      • Article
        Lock icon Bond funds see more cash coming their way in '99
        381 22 Asset allocations said to be distorted by record stock gains Reuters [BOSTON] Mutual fund investors will buy more bonds this year as predictable ballast for their portfolios and protection from potential stockmarket pitfalls, fixed-in-come experts said. The recent and rapid
        Reuters  -  381 words
      • Article
        Lock icon Lloyd's syndicate posts £16m 1996 profit
        179 22 Reuters [LONDON] Lloyd's of London syndicate 780, managed by BF Caudle Agencies Ltd, reported profit of £16.2 million (5544.6 million) for the 19% underwriting year on Monday. The profit, calculated before the deduction of personal expenses, equals a 31 per cent return on capacity
        Reuters  -  179 words
      • SMALL Change
        • Article
          Lock icon Asahi Bank plans 145b yen placement
          99 22 Bridge News [TOKYO] Asahi Bank said yesterday it will increase its capital through a 144.88 billion yen (SS2.I billion) third-party placement of regular shares on March 24. The additional capital will allow the bank to write off bad debts worth 140 billion yen in
          Bridge News  -  99 words
        • Article
          Lock icon Daiwa Bank widens loss forecast
          126 22 Bloomberg [TOKYO] Daiwa Bank Ltd, the smallest of Japan's nine major nationwide "city" banks, has widened its parent pre-tax loss forecast for the year ending March 31 by 46 per cent to 263 billion yen (Ss3.B billion) to boost its disposal of bad loans. Daiwa
          Bloomberg  -  126 words
        • Article
          Lock icon Saudi banks plan merger
          94 22 AFP [RIYADH] Businessman Prince Walid ibn Talal has announced a planned merger between his United Saudi Bank (USB) and Saudi American Bank (Samba), the economic daily Al-Iqtissadiya reported on Monday. "The merger is in its final phase. It will take place in two weeks," Prince Walid
          AFP  -  94 words
        • Article
          Lock icon Bank of NY to buy trust business
          51 22 Bloomberg [NEW YORK] Bank of New York Co has agreed to buy the corporate trust business of Union Planters Corp for an undisclosed amount, expanding its fee-based revenue. The acquisition is the bank's 25th purchase of a corporate trust business in five years.
          Bloomberg  -  51 words
        • Article
          Lock icon Former Telstra boss joins NAB board
          78 22 Bloomberg [SYDNEY] Frank Blount, the former chief executive of Telstra Corp, Australia's No 1 telecommunications company, will join the board of National Australia Bank Ltd, Australia's largest bank and biggest company by market value. Mr Blount, who handed control of Telstra to Ziggy Switkowski
          Bloomberg  -  78 words
      • Article
        Volume subdued given narrow range
        188 23  -  frlmini Reports fndtng Bob Butcher, Jardine Fleming DESPITE the pounding suffered by the Japanese market, the MSCI Singapore Index was relatively unchanged yesterday. The lead month March contract opened at 212.50. The high of the day came soon after the cash market opened. The March
        188 words
      • Article
        Futures follow key stock index lower
        136 23 MSCI Taiwan fixtures THE Simex MSCI Taiwan Stock Index futures contract fell a second day, closing down 4.10 points to 270.9. The Taiwan Stock Exchange Weighted Price Index ended 48.71 points lower at 6,263.54, with chip makers pacing the decline amid concerns that Taiwan
        136 words
      • Article
        Lock icon High world oil stock level erases fears over Iraq supply loss
        311 23 ENERGY REPORT Reuters [LONDON] World oil stocks grew again in January to stay at such a high level that oil traders will lose little sleep over Iraq's enforced suspension of half its crude exports, analysts said yesterday. Iraq's stoppage
        Reuters  -  311 words
      • Article
        Lock icon CURRENCY REPORT
        310 23 Reuters London THE falling euro kept its head above fresh lows against the US dollar and sterling yesterday as nothing looked like denting confidence about the US economy. "Really, this is all about dollar strength," said a dealer at a major European bank in London as the euro
        Reuters  -  310 words
      • Article, Illustration
        Untitled
        1118 23 uVTERBAWK CROSS RATES Mar 2 C$ EMfC Ffr YW Won KM mnk 18 Peso SS tart Sfr WT$ Mrt tfs$ ir si:: a s a 31S 3 3 3 S«» a s snas ss ss Euro 1749 1658 9.037 6.560 L956 8 435 46 283%1S !tt5 «S °/m !2«5 J2
        1,118 words
      • Article
        Untitled
        1680 23 SICOM FUTURES Mar2 RUBBER (Mam dosing as it SJOpa) 8SS1 CONTRACTcs ceotsAq) Close Volume Open Mwrth Lw S<tt (tomm) lnt«rnt 112.50 700 **99 114.50 925 oo t 50 300 120.00 825 99 173 5Q >25 00 RSS 3 CONTRACT (US cants/kg) Volume Open Mwth MM* Sttt (totWi) Iwtere St MOO
        1,680 words
    • Article, Illustration
      Lock icon HONGKONG
      1306 24 AFP U Hang Seng -10&88 HONGKONG share prices closed 1.1 per cent lower yesterday, falling back below the psychological 10,000-point level on profit-taking ahead of the government's budget announcement, dealers said. "It is mainly profit-taking. It is as simple as that," said Howard Gorges, vice president of South China
      AFP  -  1,306 words
    • Article, Illustration
      Lock icon CHINA
      560 24 Reuters QShenzhenßlndex +OJ2 SHENZHEN'S hard currency B shares ended higher in see-saw trade yesterday, with small-capitalisation stocks extending a recovery from last month's lows, analysts said. The B Share Index climbed 0.12 point, or 0.25 per cent, to 46.16 as turnover fell to HK$2.6 million from HK$3.3 million on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  560 words
    • Article
      Lock icon TAIPEI
      358 24 AFP □wPInitei -48.71 TAIWAN stocks closed 0.8 per cent lower yesterday as the mainstream financial and technology sectors weakened amid a lack of fresh leads, dealers said. The Weighted Price Index fell 48.71 points to 6,263.54. Volume was 2.22 billion shares worth NTS62.22 billion. Declines outnumbered advances 238 to
      AFP  -  358 words
    • Article
      WORLD STOCK MARKETS
      2243 24 LOHPOH Industrials Hun 31 Group 617.400 15.000 AS Ports 265.000 unch Abbey National 1198.000 7.000 Allied Domecq 478.000 5.000 Allied Zurich 900.000 -2.000 Ante 191.000 -1.000 Asda Group 153.400 -2.000 BAT Ind 579.400 -0.600 BG Pic 355.400 -5.600 BICC 84.000 1.000 80C Group 826.400 3.400 BR Petroleum
      2,243 words
    • Article
      Lock icon TOKYO
      1604 24 AFP P Nihka 225 -300* SHARE prices in Tokyo lost 2.1 per cent yesterday on heavy selling near the close by institutional investors, brokers said. The Nikkei stock Average of 225 leading issues fell 300.69 points to end at 13,921.06, the first drop below the 14,000-point mark since Feb
      AFP  -  1,604 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8385 25 INDUSTRIALS Cmswmt products LMt V* Day Ntt Cap n* 9 Low Company Solo OOP High Low P/E $mll 272 Ajinomoto 272 unch 2 272 272 15.0 110.2 83 62 Angkasa 67 unch 1 67 67 98 8 283 240 Apollo Food Hlg "240 a a 2 204 152 Btr|aya Land
        8,385 words
      • Article, Illustration
        Lock icon Shares ease on corporate earnings fears
        418 25 AFP, AFX-Asia Q Composite Index -5.51 MALAYSIAN share prices closed one per cent lower yesterday in duU trade as investors remained on the sidelines amid fears of weak corporate earnings, dealers said. The KLSE Composite Index fell 5.51 points to finish at 526.03, off
        AFP,; AFX-Asia  -  418 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2021 26 BONOS, LOANS ft WARRANTS Stno Company sV* 000! Hi„h V L ,t °"f A vWHJl Hlffi Low Buyor Sollor Prtc# 3 3.60 "Acer ******1 USS US 12.5 .1,5 54 ,2 5 12 c 35 4.5 3164 Acma ******4 W5 O 23 17 9 2« 2« 3161 AIITech ******7 28 5
        2,021 words
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        CLOB INTERNATIONAL
        188 26 HONGKONG STOCKS Last Vol Oty Last Quota D*v ru w VM u Stn, Comply S«. (OOQ, Ht» Ln. H Cyr HIW 5123 COL (2000) HK 400 I I 7 7 77 5124 CathayPac20cHK 720 265 < ,I£^I 5125 Chtunq Kong50c HK. 1780 MO It S 5126 HK Ttl
        188 words
      • Article
        Flextech wrt: gearing below average
        156 26  -  WARRANT WATCH -By R Sivanithy FLEXTECH'S shares and warrants have been active and firm lately, no doubt because of expectations that the company's earnings will surprise on the upside. One estimate by a local brokerage is for a 40-odd per cent increase over 1997. The
        156 words
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        Lock icon WELLINGTON
        254 26 AFP Q Wellington -8.02 NEW Zealand shares finished down 0.4 per cent yesterday, with Telecom Corp under pressure as the end-of-March second pay date for its instalment receipts nears. The NZSE-40 Capital Index was down 8.02 points to 2,158.02 on average turnover of NZ$lOB.B million. AFP *f- mm AN2
        AFP  -  254 words
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        Lock icon BANGKOK
        758 26 AFP □SCTlndex-112 THAI share prices fell 0.6 per cent yesterday following the regional trend after erasing strong early gains which saw the index approach the 350point level, dealers said. Shares were led lower by profit-taking in banking and finance issues after recent gains, with many investors sidelined on concerns
        AFP  -  758 words
      • Article
        Lock icon SEOUL
        438 26 AFP Q Composite Index +13J1 SOUTH Korean shares closed up 2.7 per cent yesterday amid easier money market rates and a firmer yen, with foreign investors engaged in active bargain-hunting, dealers said. Program buying set in during the afternoon, but a slight setback in futures trimmed the gains towards
        AFP  -  438 words
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        Lock icon SYDNEY
        606 26 AFP P All Ordinaries -18.30 AUSTRALIAN share prices slipped 0.6 per cent yesterday in light volume as investors digested a glut of economic news and company reports, brokers said. The All Ordinaries Index closed 18.3 points lower at 2,892.8. The All Industrials Index fell 34 points to 5,240.8. The
        AFP  -  606 words
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        Lock icon JAKARTA
        708 26 AFP Q Composite Into -L 36 INDONESIAN share prices closed 0.3 per cent down yesterday with negative sentiment over delayed bank closures balancing a technical rebound in big-caps, brokers said. They said there was also disappointment over the government's partial reversal of a domestic call tariff increase for state-owned
        AFP  -  708 words
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        Lock icon MANILA
        341 26 AFP H Manila +6JI SHARE prices rose 0.3 per cent yesterday in thin trading, with many investors nibbling on key issues while awaiting for clearer market direction. The Composite Index added 6.11 points to close at 1,970.38. Turnover was 250.86 million shares worth 713.28 million pesos from Monday's 475.3
        AFP  -  341 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD"
      5311 27 Transaction date: Mar 2 I e g ra. 0, »u. jr°aa. t a; a MULTI-INDUSTRY 142 17.5 m t lOOO Acmj 50c .72 5 t? s cai 7* c v 55 25 t 1217 Alliinc# T«ch 29 one* 29 29 27 5 1 19
      5,311 words
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      SESDAQ
      789 27 Mt 52 w c^ r s L r ,•<&, i c ,5? MANUFACTURING 79.5 45 205? ASJ HkkjViOcZZZ 58 5 "T 90 5 5 5 N 7 8.6 104.5 90 260 85 2001 Asl.rn.trti 50c 100 unch 5 100 100 too ioi 52-2 55 r, a ss si I
      789 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        384 28 Stocks Voteme JC-MPHWtOO 20,092,000 JC-MPH 8,983,000 Flextech Wt02 8.760,000 PSL Hldqs 10c 7,527,000 Flextech 15c 5.607,000 ST Enqq 10c 4,297,000 IPCO W02 4,138,000 Serial Sys 10c 3,828,000 Amtell Enqq 20c 3,806,000 MullndBt ML PW*****4 3,153,000 Stocks OCBC Foreiqn 24,617,910 SPH 16,155,598 SIA Foreign 8,694,105 DBS Foreiqn 8,635.992 (JOB Foreiqn 6,911,472
        384 words
      • Article, Illustration
        Churning of second-liners as focus falls on laggards
        541 28  -  STOCK MARKET COMMENTARY Electronics stocks, JC-MPH in limelight; concern still over state of Wall St, regional markets By R Sivanithy A CHURNING of electronics stocks and other second liners most notably Jack Chia-MPH was the order of the day yesterday as Monday's
        541 words
      • ON THE GRAPEVINE
        • Article
          Renong in for major changes?
          138 28 DEBT-laden Renong Bhd may undergo a change in both management and shareholding, we hear on the grapevine. The Malaysian government is expected to nominate a new corporate player to take over the listed infrastructure group from major shareholder and executive chairman Halim Saad. The company
          138 words
        • Article
          Clinton's Amex card rejected
          131 28 IF this can happen to Bill Clinton, it can happen to you. The US president didn't leave home without it. But that wasn't good enough on Monday when Mr Clinton's American Express card was refused at a bookstore in the nearby ski resort of Park City,
          131 words
        • Article
          Still not meaningful
          74 28 ONE can't fault paper merchant Hiap Moh Ltd for not trying. The company, in fact tried a little too hard in its effort to give shareholders comparative figures when it released its financial results recently. In comparing last year's $1.2 million profit with this year's $3.3 million
          74 words
        • Article
          Crushing Netscape
          68 28 A FORMER Microsoft employee related how deeply he was steeped in his mission at Microsoft. When he was working at Microsoft in Singapore, his handphone would flash the words, "Crush Netscape", whenever it was turned on. Netscape, a US Internet company that has been bought by US Internet
          68 words
      • Article, Illustration
        HOT STOCK
        56 28  -  By Wong Wei Kong FLEXTECH Holdings closed up $0,045 yesterday at $0,965 on a volume of 5.6 million shares, compared with its 10-day traded average of 1.05 million units. The RSI and stochastics charts and the MACD indicators suggest that the stock may be exhausting its upside potential
        56 words
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      46 17 wonder hp^ b f iij 1 i \Vt)M j t* Daily to Switzerland and Europe. Relax. Think your thoughts. And leave everything else to us. yv Swissair. We care. Swissair^/ 435 On hard Road. *IH (t4/t)SA)f> Wumo Atria. Smfapore 23HH77. Tel: 737 5133 Fax: 737 JtkUf
      46 words
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      83 19 Go On-Line! Trade Singapore shares with Hotline: 53-43-113 www.sass-i.com.sg At SASS-i. we offer: down-to-earth DIGESTS of the most important events of the day; carefully-considered IDEAS on how you can profit from them; and as a cure for your information overload, a WEEKLY E-MAIL from our experts to draw your attention
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      Page 19 Advertisements Column 2
      29 19 V 4^ --<5 <■« J%.«- \SF pl 9 r23 March 1999 W '^|i W »J£ LAN VIN I* A K I S COTTS ROAD SINGAPORE 22S?t1 TFI ?3«i 4019 PAR
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      Page 19 Advertisements Column 3
      8 19 MCI selling Internet services in Asia, Pg 21
      8 words
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      306 20 Castle Group BT-03 CANNOT FIND IT AT YOUR FAVORITE BOOKSTORE Fax a copy of this ad and your business card to (62-21) 572 7329 or email: yirl@castleasia.com for table of contents and order form (IABNAMRO NEW APPOINTMENTS ABN AMRO has announced that Mr. Lim Meng Tat has joined ABN AMRO
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      Page 20 Advertisements Column 2
      18 20 Sunday Classified f§» 1 at Clarke Quay cat! Every Sunday, 9am spm Buy h. Sell h. Find h.
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      758 21 LI FUNG DISTRIBUTION (SINGAPORE) LIMITED (Incorporated in the British Virgin Islands) CONDITIONAL VOLUNTARY CASH OFFER FOR INCHCAPE MARKETING SERVICES LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF REVISION OF OFFER PRICE Introduction ThG Dovel °P ment Bank of Singapore Ltd ("DBS Bank"), for and on behalf of the Board
      758 words
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      1034 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I SEMBAWANG RESOURCES LIMITED (Incorporated in the Republic of Singapore) Notice to holders of the S$ 100,000,000 3.25 Per Cent. Bonds Due 2002 of Sembawang Resources Limited (the "Bonds") Reference is made to the Company's letter to the holders
      1,034 words
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      37 27 vIIJD f T e maitre de I'horlogerie depuis 1875 Showroom Centre: AUDEMARS PICUET (SINGAPORE) PRIVATE LIMITED v2^ Kafrirs Boulevard #01-111/112 Millenia Walk Singapore *****6. Tel: ***** I 3/] 19 |3 s 3 Fax: *****01 iniernet: http://www.audemarspiguet.com CortinaW^tchCglltrC
      37 words
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      Page 28 Advertisements Column 1
      1809 28 MAKKETMOOD Market mood indicates likely trading sentiment today based on brokers polled at S-Spm yesterday Overnight events may alter sentiments. Brokers polled: INC, Harings. Phillip. Credit Lyonnais Securities. Daiwa. Fraser. GK Goh. Kay Hlan. Morgan Grenfell. SG Warburg. Nomura. Merrill Lynch Want to talk about investments with your peers? Join
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      Page 28 Advertisements Column 2
      415 28 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES Bnyk.Mk.MiL THE COMPANIES ACT, CAP. SO CIMHUP ENTERPRISES PTE LTD (In Member* Voluntary Liquidation) At an Extraordinary General Meeting of the ibovementioned Company duly convened and held at 7SOOA Beach Road 116-317 The Plaza Singapore *****1 on 1 March 1999
      415 words
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      Page 28 Advertisements Column 3
      23 28 m m The company is growing and i we needed more people. We turned to Recruit and found all the people we needed.
      23 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      314 29 Bridge News, Reuters TRADING was said to be quieter than last week for the Panamaxes both in the Atlantic and the Pacific. TANKERS: Hopes of continuing Firm levels for very large crude carriers (VLCCs) from the Persian Gulf are disappearing fast. Chinese Petroleum Corp opened seeking a VLCC
      Bridge News,; Reuters  -  314 words
    • Article
      MARITIME STOCKS
      285 29 SES 000 Mar2 St fW CWT Distribution 0.53 unch M Chuin Hup 0.605 *0.01 111 Cosco Investment 0.49 *0.01 3 Freight Links 0.165 *0.005 601 OB Holdings 0.375 *0.005 6 Mai Sun Hup 0.46 *0.005 227 IMC Holdings HK 5.60 Jay* Holdings 0.535 *0.02 115 Jurong Shipyard 6.50
      285 words
    • Article, Illustration
      Lock icon Asian share of global containership fleet slips
      627 29  -  Asian fleet down from 52.1% to 50.5%, European Union fleet np to 25.3%, from 23.4%: survey By: Felix Chan [SINGAPORE] Asian container operators saw their collective foothold in the global market slip slightly last year amid the region's continuing economic turbulence, a new
      Source:  -  627 words
    • Article
      Seafarers' input should lead to better ship design
      685 29  -  STRAIT TALE Byl Seafarer SHIP design is a controversial subject in the light of structural problems with bulk carriers and similar cracking and corrosion problems with relatively modern large tankers. The International Maritime Organisation and the International Association of Classification Societies have
      685 words
    • Article, Illustration
      Lock icon S'pore receives record 1.05m cruise passengers
      269 29  -  By] Felix Chan [SINGAPORE] A record 1.05 million passengers passed through the Singapore Cruise Centre's (SCC) halls last year, boosted in part by the depreciation of Asian currencies and innovative products offered by cruise lines. The record throughput is a 33 per cent increase
      FILE PHOTO  -  269 words
    • Article
      Logistics venture in Dubai
      137 29 [SINGAPORE] Singapore-based Mitsui-Soko International, in partnership with Sumitomo Corp of Japan, has set up a logistics joint-venture, AR Summit, in Dubai to provide warehousing and logistics services in the Middle East. The $5.5 million joint venture consists of a 9,000 square metre warehouse and office complex
      137 words
    • Article, Illustration
      Lock icon IMO seeks uniform standard
      1130 30  -  PORT STATE CONTROL Efficient inspection of ships visiting a country's ports is the final safety net in maritime safety Anitra Green ITJ THE inspection of foreign flag vessels visiting a country's ports, known as port state control, can b| defined as the final safety net in
      ITJ; FILE PHOTO  -  1,130 words
    • Article
      SHIPPING SCHEDULES INDEX
      348 30 PACE Express TL 14 ANL 3 FoonflSun 8 Accord 8 frcrta '2 Ahrenkiel 14 W Links 14 AASCO 4 °Link 4 Appenship 5 Gemartrans 8 AsiaOCL 6 Genshpg 14 Austral 8 Glory Nav 14 Avant 14 HaiSunHup 12 B'tang Mas 8 "a"*)' 1 7 BSA 7 Han)in
      348 words
    • Article
      SHIPPING GUIDE
      20586 37 thebusinesstimes THEBUSINESSTIMES EXPORT «uT rC-f A<N rtii4f V#iM Voyaga Talapfiona ETA ETA Advartisar Vnul Voyaga Tn»phor>. 5 "«n» Number Numtwr SIN Dastn Nam* Nam* Numear Numtar 10/03 16/03 Oram Ship HEIMAR J. OHN 65-*****05 ABIDJAN (ABJ) 2003 Cot* D'lvolre 8/03 8/03 Samudara M REGINA RGAOtS *****42S1 8/03 B/04
      20,586 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        687 43 Voy No Berth Arrival Departure alongside 03.03/0600 1 alongside 02 03/2359 Bt DeociptaZ *****9 JOI alongside 05.03/0400 *****9 JOI alongside 03 03/0400 J alongside 03.03/0400 "2/03 J09 alongside 02.03/1600 r™* 0299 J04 alongside 03.03/1500 LZTSL 1 alongside 03 03/1800 01/99 J02 alongside 02.03/2315 J*"* 1 01/99 J» alongside
        687 words
      • Article
        CONTAINER SCHEDULES
        1780 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls SWP Voy No Etb/Btr Period From To From 0M 05/0700 IA 02/1500 02/165* 02/1*00 a 02/1500 02/1451 02/1*00 a 02/1700 03/0659 01/0100 21 02/1700 0J/0651 01/0100 1 01/0700 01/1151 01/1400 1 01/1200 01/1451 01/1700 A* litfonm 05*" 04/1200
        1,780 words
      • Article
        GLOBAL HOLIDAYS
        211 43 Mar 8 China: Womeri's Day half day. Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mar 22 Japan: Vernal Equinox Day. Mar 20 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Singapore: Hari Raya Hayi.
        211 words
      • Article
        COCKETT BUNKER MARKET REPORT
        734 43 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        734 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        522 43 mum 994.6 10 18 8 0.09 S2 0.07 F 25 Ptw<tT Water »wMw Art Al—infra Sedtwet No above £25 I 0 17 0 1 0 SM/M 380 Ave 986.0 0J MJ 0.06 30 0.02 tin* 380 Mm 994.9 0.7 19.4 0.09 65 0 07 %n/u Wo
        522 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Many US airports lagging in Y2000 compliance: report
        297 44 Only a third will complete preparations by recommended Jane 30 date Reuters [WASHINGTON] A congressional report released on Monday finds many US airports are behind in preparing for the year 2000 computer problem, raising the risk of air travel delays. The General
        Reuters; FILE PHOTO  -  297 words
      • Article
        Lock icon Oman mulls offers to privatise airport
        175 44 Reuters [MUSCAT] Oman is studying offers from international firms to take part in developing and managing the Gulf Arab state's main airport, which is up for privatisation, the official Omani News Agency (ONA) reported on Monday. ONA quoted Communications Minister Salem bin Abdullah al-Ghazali
        Reuters  -  175 words
      • Article
        DHL to launch new global product in S'pore
        282 44  -  Direct Distribution is targeted at small and medium-sized businesses By Marcus Hand [SINGAPORE] Singapore has been chosen as the launch country for DHL Worldwide Express' new global distribution product targeted at small to medium-sized enterprises (SMEs). Direct Distribution is a logistics solution
        282 words
      • Article
        Lock icon Boeing confirms KLM order for 9 planes worth US$980m
        221 44 Bloomberg [SEATTLE] Boeing Co, the world's largest aircraft maker, confirmed that it has received an order for nine aircraft from KLM Royal Dutch Airlines NV, as the carrier strengthens its fleet to cope with growing numbers of international passengers. Boeing said
        Bloomberg  -  221 words
      • Article, Illustration
        Lock icon Swissair to pay 195,000 francs to kin of each crash victim
        591 44 Accepting payment will not affect relatives' rights to getting final, possibly higher, compensation Reuters [ZURICH) The parent firm of Swissair whose aircraft crashed off Canada last year killing all 229 passengers said on Monday it would pay 195,000 Swiss
        Reuters; FILE PHOTO  -  591 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1766 44 OTY FU6HT £T* FU6HT CTD S025 0655 0f5 0005 MM **8230 1920 6*973 KX» LH6373 2355 LH6381 1920 LM786 KM $026 2355 $0230 1920 W<566 1650 LH787 2359 Uaftariam M.843 0540 $024 2320 *****5 1650 JJ 2 582 $0327 0600 KL838 2335 MB °g6*973 KXH S0909
        1,766 words
      • Article, Illustration
        Lock icon Largest in the market
        60 44 [LOUISVILLE, Kentucky] Ford Motor Company officials unveiled a pre-production version of its new sport utility vehicle the Excursion, during a press conference at its Kentucky Truck Plant in Louisville. The Excursion will be the largest sport utility vehicle in the market. Ford is scheduled to start
        REUTERS  -  60 words
      • Article
        Lock icon Virgin starts new offensive against BA
        500 44 It is launching new routes, plans livery changes Reuters [LONDON] British entrepreneur Richard Branson's Virgin Atlantic Airways promised a fresh onslaught on arch rival British Airways pic, with the launch of new routes and frequencies this year and livery changes next year. It started
        Reuters  -  500 words
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      23 29 Many US airports lagging in Y2OOO compliance: report Only a third of them will complete preparations by recommended June 30 date Back Page
      23 words
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      Page 29 Advertisements Column 2
      215 29 New age harbour towage ks iitfl Authority Singapore's liberalisation scheme allows Tug Towage The Maritime Port Authority whole new ocean of potential Services °f Singapore's liberalisation for operators and the SHIPPING TIMES scheme now provides port supporting industries. c c users with an alternative to ol bpecial reature Shipping Times
      215 words
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      Page 29 Advertisements Column 3
      25 29 Port state control: IMO seeks nnifarm standard Efficient inspection of ships visiting a country's ports is the Final safety net in maritime safety. Page 2
      25 words
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      1272 30 NORTH AMERICA I I EXPORT 1 1 OTHER DESTINATIONS I SSX SUPER BHUTTUE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) rasa w ni (Ids ia dm hou ok my booco an vtssa I vot T sm"| I jj£ Imi 1 I I 1 iH 1 ooaoau
      1,272 words
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      Page 30 Advertisements Column 2
      706 30 SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES —SINGAPORE to BATAM. BIKTAW. KARIMUN Y SINGAPORE to BANGKAISUND A SINGAPORE to CILEGON l^Tricl SAMARIN DA/BALJ KPAPAN/BAHJ ARMAS IN TO SINGAPORE MANILA/SUBIC BAY/LUZON TO SINGAPORE Aaapiingso((MtaiwltaiKt(ajNi.F«EiiqMritv'lMiM|s r nMSiCMIK£ P.K. Chiom Tel: ***** M Fox: *****33 CONTAINERS/ CONVINTtONAI CARGO F«C* PO«T KUM/SMGtfORE/Mltftt t lANGKOC
      706 words
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      1148 31 TO EUROPE FROM EUROPE Vtsstl VOT SWIIMUHMiKVMUiriBI ||vKStI VOT BTM AMU HAM BBV SOU FXT LEH S4K APIAUUMM* 307W 04/03 27/03 24/03 25/03 22/03 NOCAMAZOWTE 0201 13/02 10/02 11/02 01/02 04/03 BUAS 528W 05/03 21/03 23/03 26/03 27/03 HY Gf MRU. 314E 11/02 13/02 14/02 10/02 04/03 NOICYPRINI 010W 01/03
      1,148 words
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      Page 31 Advertisements Column 2
      2080 31 OHANJIN SHIPPING mJrE i MsMyalM -Sole 37*0730 HAHJIN SHIPPING (S) PTE lIP hn» Imyi com MO— *****3S 237 SALES 32*0774 731 MQMBI 37*0771 774 OftIATIORS 37*0750 7SI RHR LWt *****55 HI ******0 WO **********0 M TO NW USA CANADA USA CANADA* FOR VSL/VOY |UMI Ut UNI HAUL/VOY «T~] TTW DO
      2,080 words
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      Page 31 Advertisements Column 3
      513 31 VKSQ VOT_ _SM_ m WY SW HKG KB. USM PUS [VKSa I VOT IS« |PK6 IVtSSB I VOT ISWI MT I MT(KRUW6 W3S 11/02 23/02 ***** 24/0? 21/D2 02/03 04/03 05/03 joiHl KTUXUii SPIIMTB 02QS 24/02 OS/03 07/03 01/03 10/83 pTf mm* M4S I 14/03 I fatt |MMK ULSM IPS
      513 words
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      1287 32 C DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA mn -gj- m |ww_|fu 11 vma Ivor Iswlbit lin to i» I mtw HAMJIN PORTIJuMD £12 i£s «2"" 8 M nn CALIFORNIA SCNATOR WMII2 04 (3 71U 23 03 "SIT ~77kT ""*5" 2" a 31 01,4 >«*ttKMTOR WMI3 11«J 2113 3* 03 01
      1,287 words
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      Page 32 Advertisements Column 2
      831 32 WLAM MAC-NELS S PORE M'SIA C®ffl®ffs MM CONTR LINES, INC p. QUDANG: (07) *****26 lrJ\y VzJ SIBU: (084)*****8 MANILA (632)*****24 PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (317»1660 P KELANO: (03) *****77 JKT: (21) *****07 MDN: (61)*****3 KUCHiNG (082)*****1-3 BARCEIONA J MV "NORASIA SHARJAH" V.9908-4 ETA SIN: 5-3-99 SURABAYA AUCKLAND
      831 words
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      Page 32 Advertisements Column 3
      549 32 LINE MM4S6 PAXi ISMII 2 MUARA LABUAN vessel vot no in vusu V or no cta STOW MUARA S!,, CAAAKA JN337 VOSI/W 06/01 09/03 STRA/TS HOPE VO4I/W M 03/03 J PROSPER VOSI/W 13/03 U/03 (AAAXA JN332 VOSI/W 13/03 10/03 CARARA *332 VOtf/W U/03 U/03 J PROSPB VO«/W 13/03 I J/03
      549 words
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      1198 33 VESSEL VQY SIN PKO PEN PQB PUB DAM I SHJ I BA I BIK IRAN BAKERI PJ LI 330 22/02 03/03 04/03 06/03 07/03 00/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 18/03 IRAN BABAEI PJLI333 08/03 17/03 18/03 10/03 21/03 23/03 IRAN TAKHTI PJLI337 18/03 24/03 28/03 28/03
      1,198 words
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      Page 33 Advertisements Column 2
      2527 33 Jinfpoh* VOOI3W(ETASW 1 3 l«b 99), €•!<• USA E«st-CMSt I All-WaUr urvid will call mi I I SINGAPORE'S GENERAL AGINTS: 6 SHENTON WAY TEL: 226 1900 f AX: *****08 OUTWARD (B/l) ~™™42OSBO?JOHORrOfFK^™ IB^^^^^| COSTAR SHIPPING PTE LTD #17-O«MSILOG SAUS/MGS 4205«57/A0 INWARD DEPT (D/ 0) *****55 COSTAR AGENCIES (M) SDN BHD
      2,527 words
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      1193 34 I""""" I F DFVFIOPRWMft IM«I ZH LHV LHV THP RDM ANW HBG PKL SGP I E gyjff ?SS SS 2JS «25 22! 2*° 31/13 E RE «-«32 04*2 00*2 06*2 07*2 09/02 04/03 06 U3 I E OUU«OND RtTSu J?S 22? «21 £2? ff2l 17/04 1 REF,Mt Rf #l> 11/K
      1,193 words
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      Page 34 Advertisements Column 2
      561 34 r=o|f PACIFIC INTERNATIONAL UNES (PTE) LTD I MJAMM K BUB 140 Cecil Street, #03-00 PIL Building, Singapore *****0. j Cfl NO: 100e067nn0nF I I ffiW *or m sai fic Ttd ml ids i£i un m m *h»S- g 1; !lli iUS) I 55 M AH HOO JCD IQT STH En
      561 words
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      Page 34 Advertisements Column 3
      621 34 )m> NANTAI LINE I FULLY CONTAINERISED SERVICE TO KAURITIUS SOUTH AFRICA vessel vot si pui du« jm (ft w GOLDENDRAGON tOIOS 04/03 12/03 14/03 l»/W 20/03 nunuom Kims 13/03 Urn 2t/03 Urn w/oT WAIfUI DtAGOW V.QI2S 23/03 02/04 04/04 01/04 10/04 NAOTUVEWJS V.033S 03/04 12/04 14/04 H/Q4 20/04 GOLDEM DU6OW
      621 words
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      Page 35 Advertisements Column 1
      451 35 iBSAa Ml MYANMA wBBk FIVE STAR LINE (Mynnar National Liat) Loading for Yangon (Rangoon) VKSfI VOY SIN PKI KM PGU NPA-AN 2S6W SID MOINHA IW SI) MALAYSIA AGENTS: OOUSTEAD SMPTMG AGENCIES KUL m (03)*****00 PKL 111 (03) *****01 rat TO (04)2****** PGU: Til (07) *****21/4 BANK LINE (A wykt >(
      451 words
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      Page 35 Advertisements Column 2
      1349 35 HYUNDAI MERCHANT MARINE CO., LTD. Ivissa yoy|sM|sou|UM|rai|AM|MAM|Mv|Fa| ivßsa vorl sou I lbi I awt I h<um |mw I feismi API AIMANDM 307W 04/03 22/03 27/03 24/03 25/03 lAIOME 5251 12/02 13/02 07/02 09/02 03/03 MAAS S2OW 05/03 24/03 27/03 21/03 23/03 NOLAMAZOMTE 0201 01/02 13/02 10/02 11/02 04/03 moms oiow
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      Page 35 Advertisements Column 3
      1163 35 > norwegori spedabed oukxamer> V~, Qs&SJS Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE* IVISSH VOY RAMP HEIGHT SIH I LAX CKL DMA SAV Ml ORF NYC NfW WOI TOOA f906 400 fan 6.3 M 10/03 10/04 19/04 24/04 26/04 27/04 29/04 03/05 04/05 TAROMGA F907 4001 MS
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      Page 36 Advertisements Column 1
      702 36 ■ANOKOK7MAF TA PMUT/tAIM CHAiAHO] JAKARTA/PAN J A NO VgBSgL VOY aN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA RATNA RNAO9S In Pt 06/03 QURU BHUM 119S ~in Pt 07/03 NAMTA BHUM" 438W In Pt 06/03 07/03 QURU BHUM 119 SB 04/03 07/03 HUNSA BHUM 09N 04/03 07/03 ANRO
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      Page 36 Advertisements Column 2
      35 36 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MUARA Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fai: 65-276 3740
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      Page 36 Advertisements Column 3
      415 36 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FULL CONTMNEB SERVICE IVOTIWB «'1 1I M I CTB lItI MM I I M 121 M/MH/M 17/ M It/M n/M a/M WOIBBWBOAMI4S 11/0311/83 71/03 74/83 W/03 81/04 04/44 AUSTWIBMBt OS 18/8318/83 11/83 87/84 Bi/84 11/04 m.Ncm |ns j»/« vfn m/>«| |w/w|ii/w is/n u/w FEEDER
      415 words
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      Page 36 Advertisements Column 4
      799 36 "Q- I I MLA LB< |RTv|HAMlzg IsCXT VXEOEAKTAftES L3OW 11/03 12Q3 21/03 2VD3 31/03 01/04 02/04 OMM OMM VJ-E DC VIRQO &MMI IWX3 IMB WP 31/03 OMM 07 AM 08/04 10/04 11/04 VIIEOEVBA M3OW 33/00 25W3 06/04 07/04 13/04 14/04 ISAM 17AM iWM V LE 06 3HANOHAJ M3OW 31A>3 08/04
      799 words
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      Page 37 Advertisements Column 1
      55 37 STs£"b Dial 740-6000 on demand! —(Retrieve more schedules!) st Press "1" II SeM x CT JpV Select the port and key in the four digit code eg: To New York (NYQ 2275 st£) Key in your fax number I £Z± your phone number Another innovative service offered by The document
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      146 39 free Reader Enquiry Service cut out and fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or service
      146 words
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      Page 40 Advertisements Column 1
      130 40 FHOM: U.K./ COMTIIIEHT/ MIDDLE EAST TO: FAB EAST WW KM TMI VtSSEI YOY IAMKHAMNC MAIiIA jjOjjMMW KBUJMC GUARDIAN ANGEL SAIUD SAIUD SAILED NOAVOTQM 07/04 09/04 13/04 15/04 LQADtWG KM: UK MALAYSIA- HSH(M) SDN IHO TAWAU CAMKOMN FREIGHT SVCS PORT KBANG AGENT: SUNSMP AGONXS (M) SON IHD PUUMG 1334,00 IB: (03)*****22/24/25/26
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      Page 40 Advertisements Column 2
      212 40 I iUsca^^vrn^TTTTVTTTTTTMTTnTVTIITf^^H I SMIPPIWQ LINE i I kf'l|]|ili BlVl fII I I H H I k I CM Hi I I YOUR RELIABLE SHIPPING PARTNER TO LIBYA vpsamw ww mom vmuou nun tobmm dot "I oaami iwrou i mi isoiw www liw.w ■woman ts.w.w ouaw www EMM 1371 03 WW
      212 words
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      Page 40 Advertisements Column 3
      167 40 ESP LINES WUKIY LCI AMD fa SUVKI PUT fmiast BBSS OVTTAGONG, MAMAS MMMk HONS COM HAJMUK. IOTTBtDMI •OMftAY, COUNMO JACAITL MAMA MTWBP. NUSTOM CAIQFTTA MO (WWW. WMWWW6 REGULAR CONTAINERISED INDONESIAN SOVKI ygsa/voug sfoti I IT I M I w I at I FOMNI /M 24-424 27/02 01/C3 W/U 27/B >2-03/03
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      Page 41 Advertisements Column 1
      880 41 —■WSAMUDERA SHIPPING LINE LTD —fr* 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 WKMtmm TEL: *****88 FAX: *****26 (OUTWARD) *****63-4 (INWARD) /*****16 (IMPORT STATUS) TLX: R*****0 Chan/J>slywn/Dora/Hanlm EEQSS3HQHH 7 slqs/week QgQSEQH 2 slg/week VESSEL VQY SIN I JAK [VESSEL IVQY [SIN IPLB LAWANTI 320 27/02
      880 words
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      Page 41 Advertisements Column 2
      1123 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO na m *T SW Ik roc om ion hal im ou sav mw M hoTI /04S0 U/03. J2/03. jj/02. J2/03 _24/g3_ Jj/03 OS/04 00/04 04/05 00/05 10/05 11/15 17/05 JJ/OS 24/ OS HOKHIHBVA/MH M/ 04 H/H M 24/ M IT/oT 17/oT~lt/oT~3I/oT"m/oT"09/04 17/04
      1,123 words
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      Page 41 Advertisements Column 3
      600 41 rrrg Singapore Soviet Skipping CPL L\\« aiuiooiouooooN k\\l Multiline Skipping PI W33J OH* 1******0000 C VESSEL VOY SIN BOM PNO PKL SEA SUCCESS 1 0016 06/03 18/03 25/03 PERAK 126N 13/03 20/03 31/03 01/04 KOTA RUKUN RKNO3I 20/03 27/03 07/04 06/04 VESS€L VOY SIN CALCUTTA SIN EPONYMA 006 04-05/03 11/03
      600 words
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      Page 42 Advertisements Column 1
      612 42 ■vessel voy sl^maasiO I TIGER SEA 689N 05-06,03 11-14/03 19-2003 I TIGER BAY 690N 09-09/03 15-ISO3 23-23W3 I TIGER ISLAND 691N 12-13(03 18-21/03 26-27/03 I TIGER PEARL 692N 16-1603 22 25/03 30-31/03 I I TIGER SEA 693N 19-20/03 2528/03 02-02/04 I TIGER BAY 694N 23-23M3 29-01/04 06-0604 I |VESSE^^^^VOYj!IN^CALSIi^| I
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      Page 42 Advertisements Column 2
      934 42 FREIGHT LINKS EXPRESS JJP T«l: *****66 (60 Lines) Fax: *****33 E-mail: ffesin@singnet.com. sg DIRECT CONSOLIDATION SERVICE ALEXANDRIA (ALY) BUENOS AIRES (BUE) CEBU (CEB) ISTANBUL (IST) IZMIR (IZM) LAEM CHABANG (LCB) MALTA (MLA) PASIR GUDANG (PGU) SAN ANTONIA (STN) SANTOS (SSZ) PLIASI CALL OUR TOLL PRII LINI Overseos Offices H oo^
      934 words
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      Page 42 Advertisements Column 3
      27 42 CONVENTIONAL SERVICE VESSEL ETA ETO DESTINATION CHAHAYA VICTORY 01/03 02/03 JAKARTA. SURABAYA SEA SHINE 01/03 03/03 MANILA SOUTHERN OUEEN 03/03 05/03 BANGKOK CHAHAYA STAR 05/03 07/03 PALEMBANG/PONTIANAK
      27 words
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      Page 42 Advertisements Column 4
      805 42 OOCL (Singapore) Pte Ltd CFS Keppel Disfrpk 79 Amm led #21-04 (S) *****6 Ik Sl3 >01-128 t fj CI N0 **********0W W: 272 7127 f«Mh§ V^l J* *****13 to 221 3942 272 7125 JTt 9"«* Overseas Container Line n V*Y (Malaysia) Sdn Bhd (Reg No: *****2-m (fl PETAIIN6 JAYA T«fc
      805 words
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      Page 42 Advertisements Column 5
      183 42 FULL CONTAINER SERVICE SIN MSffi QUDANQ SIN DAILY SAILINGS \€S3EL yQY CM PG DAY VOY |E7* SN DAY gy-M-gajß-flSrwa-ißaiß-m PROGRESS 994tS 04/03/99 fTHURI MMN (Esl wa osig i&sx*r mi 6oi*w 6&&S tsar Accruing UC cargo Heafw Container (SOO tCOQ I AGENTS: 0 r ,iKgi!& SE,,v,CES m LTO cm NO: **********0-W
      183 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      118 43 —TTT? ok m ivj EMMMKM LEGEND Thunderstorm Temperature c X\ V Sh Weother Wmd d*ect.on with speed mknots Rom \^J Cloudy Sky Wove height Serfoce winds ore indicated by arrows which fly with the wind W On# cwcl* rep'etent* calm of light and variable wndt On. ha. ««*.-p,.-*. 5 k^,
      118 words
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