The Business Times, 10 March 1999

Microfilm: NL21390
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MIT A (P) 046/l^|--- 85c SINGAPORE Internet- http://business-tlmes.asial.com.sg/ WEDNESDAY, MARCH 10, 1999
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  • Article
    MARKET SUMMARY
    64 1 BT-SBI 57L56 (-5.17) SDB9CI FOTOIES 213J0 (-0.10) rrj KAIKET HOOD: Ei Mixed STOCK HAIXET INDICES Tuesday Change KLSE OOMP ***** +18.87 NIKKEI 164)96.78 +J 17.86 HANG SENO *****.96 _.+268.96 SET INDEX ***** -7.09 JAKARTA OOMP -616 MANILA OOMP _1JK.41 -29.87 TAIPEI WPI 8,493.43 +81.47 SEOUL COMP 672.86 ♦1.01
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  • Article
    FINANCE
    77 1 fin ii mi USI ss US! 1.731 £(US$/SJ perSi) 1606 1783 El'R0(US$/S$ perE) 1.088 1.883 DM 1.718 1963 YEN 111.7 1.423• RM 1800 1466 HKI 7.749 0123 BAHT 3719 0.046 RUPIAH 19» 0.019 10/Miotics fume tins SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 10.2&
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  • Article, Illustration
    Salim sells its 23% UIC stake to listed HK firm
    709 1  -  Sale could be prelude toHKß'sbidto wrest control of UIC from Wee Cho Yaw By Lee Han Shih [SINGAPORE] After nine years and over $100 million in losses, Indonesia's beleaguered Salim group is selling its entire 23 per cent stake in
    709 words
  • Article
    Lock icon China denies it set up team to study yuan devaluation
    432 1 Denial follows report by financial consultancy IDEA Reuters, AFP [BEIJING] China's central bank said yesterday that a report circulating In financial markets that Beijing had set up an informal team to study a possible devaluation of the Chinese yuan was
    Reuters,; AFP  -  432 words
  • Article
    In surprise move, developers may be allowed to carry forward losses
    583 1  -  Redas, IRAS in talks on inter-group offsetting By David Boey (SINGAPORE] Property developers may soon be able to carry forward losses from projects and offset them against profits in the parent company if talks between the tax authorities and
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  • Article
    NCB, TAS, SBA likely to be merged
    991 1  -  F***** Budget may still be in deficit: Dr Hn By, Anna Teo [SINGAPORE] The government is looking into merging the key agencies in the information technology (IT), telecommunications and broadcasting sectors, Finance Minister Richard Hu announced yesterday. This will involve not only the
    991 words
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      123 1 dbbpb fthbbplut Chartered Semiconductor Manufacturing is expected to invest in a 6th wafer plant in Singapore, P| 2 #T ,ni M Of* ■n 11 UtH&g BBC oCOttS DBS Land and its partner Schroders are likely to push their combined stake in the service apartment company to 35.45%, PgM Xney Hatters
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      44 1 Yuan devaluation fears just won 'tgo away, Pg 7 Devaluation not a matter of 'if but 'when' with new deposit rates, Pg 8 China's banki raise US$, HKS interest rates, Pg 8 UK BUDGET Hio% starting tax on small businesses Full report. Pg 11
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      201 1 Bill Gates on S'pore There's a lot happening (in Singapore) in business-to-business e-commerce.^ Microsoft chairman BiN Gates who, however, noted that S pore lags In the consumer-to business segment Full report. Pg Microsoft to take part in HKcyberport V project. Pg 10 ur if* I M.l v l>v 11 >mi
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      6 1 More reports from Parliament, Pg 4
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Better outlook, so Chartered may start on 6th fab next year
      734 2  -  Company sees 30% growth this year against Dataquest's forecast of 19% By, Jennifer Lien WITH eyes set on a recovery in the chip market, the newlyrevamped Chartered Semiconductor Manufacturing is likely to invest in a sixth wafer fabrication plant
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    • Article
      Seagate: Q1 shipments for desktop drives will be flat
      363 2  -  By, Jennifer Lien SEAGATE Technology expects desktop disk drive unit shipments to be flat this quarter, while high-end disk drive shipments will be "up a little bit" from last quarter, executive vice-president Bill Watkins said yesterday. "Desktop units will be somewhat
      363 words
    • Article
      UK venture capital company invests $5.3m in local firm
      377 2  -  3i backing chip industry's Micro Fab Technology By Eugene Low UK-BASED venture capital firm 31 is investing $5.3 million in homegrown electronics manufacturer, Micro Fab Technology. The fluids will be used to buy fixed capital assets and boost working capital for
      377 words
    • Article, Illustration
      Lock icon Job ads down 45% in Feb
      320 2  -  EYE ON THE ECONOMY Labour By\ Marissa Chew THE volume of recruitment advertisements plunged 45 per cent in February after the slide eased in January. The volume of job ads has been falling since November 1997, when the regional crisis started kicking in. The
      Source: SPH  -  320 words
    • Article
      S'pore can lead in Internet technologies: Bill Gates
      537 2  -  Bat it lap in consumer-to-business interest in the Net By Raju Chellam in Hongkong SINGAPORE has the opportunity to lead the way In using Internet technologies, esp e c 1 a 11 y in buslness-to-business e-com-merce, according to Microsoft's chairman and chief
      537 words
    • Article
      One in six of 1998 grads still jobless after 6 months
      349 2  -  17% figure's over three times the rate of previous year Byi Carol Eng SHOWING just how the market has turned, one in six, or 16.6 per cent, of last year's fresh graduates were still unemployed after six months or
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    • Article
      Frantic bidding pushes up COE prices by 10%
      531 5  -  Uncertainty over new system soon makes many buyers take the plnnge By < Christopher Tan FRANTIC buying by motorists sent COE premiums up by an average 10 per cent in the April tender—the last before a new bidding system kicks in. Motor
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    • Article
      OCBC cuts rate for first year of home loan to 4.5%
      421 5  -  It also fixes rate for 2nd year at 5% as competition hots up By< Clarissa Tan IN the latest round of the housing loan war, OCBC Bank yesterday cut the fixed interest rate on the first year of its
      421 words
    • Article, Illustration
      Lock icon French confectionery investing $2m in new stores in S'pore, China
      452 5  -  By Rahita Elias FRENCH confectionery Les Gourmandises, which began operations about three months ago, is investing over $2 million in stores here and China this year. Chairman and chief executive Gerald M Melieres told BT that two more shops would
      SIEW YAW HOONG  -  452 words
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      130 3 Vincent Li is now welcome to rest pacific his weary bones at over 200 lounges AmencanAities worldwide, from five different airlines, no British airways matter which of the airlines he's flying. canadbn Airlines- How in the world does he do it? Lomtms revolves around you. Now there's an alliance that
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  • PARLIAMENT
    • Article, Illustration
      Lock icon MPs urge review of regulatory and tax systems
      509 4  -  Other industries could benefit from liberalisation; group taxation suggested By. Anna Teo TWO MPs yesterday called for a full review of the regulatory and tax systems to ensure that they are totally business-friendly and supportive of the economy's broad goals. Nominated MP
      FILE PHOTO  -  509 words
    • Article, Illustration
      Lock icon MCD needs more funding in tough times: NMP
      937 4 The following are extracts of a speech in Parliament yesterday by Nominated MP Claire Chiang. IF this recession persists, or even if we are to achieve only stagnant or very low rates of growth for the next few years, the number of
      FILE PHOTO  -  937 words
    • IN Brief
      • Article
        Landlords do pass on tax savings
        53 4 MOST landlords are passing on "at least half' of the property tax rebate savings back to their tenants, a survey late last year shows. Finance Minister Richard Hu said more could be done, as public sector landlords such as statutory boards will pass on
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      • Article
        Nice facades but not at extra costs
        125 4 WHILE the government strives to keep costs down in constructing public buildings, this should not mean that Singapore's schools and hospitals, etc, should sport uninspiring facades. Said Dr Hu: "I agree that our government buildings should not be ostentatious, but neither should we
        125 words
      • Article
        Promoting venture funds:long way to go
        128 4 WHAT Singapore needs is a big pool of venture capital flmds that are led or managed by entrepreneurs—or at least decision-makers who "think on the same wavelength as the entrepreneurs they hope to support", said Inderjit Singh (Ang Mo Kio GRC). Currently, the decision-makers
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      • Article
        Give tax deduction for home PCs
        62 4 INTRODUCE tax deduction for the purchase of home computers, Kreta Ayer-Tanglin GRC MP R Sinnakaruppan suggested. Alternatively, for those who do not pay income tax, a grant should be given. This will raise the proportion of homes with PCs beyond 40 per cent, and
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      • Article
        Singaporeans rough it out in tough times
        107 4 SINGAPOREANS are a resilient lot who adjust to the difficult times, said Nominated MP Claire Chiang. She said some families she knows have "adjusted their meals to include less meat which is a healthy move anyway and have cut back on eating in
        107 words
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      207 4 THE OF SINGAPORE ISSUE DATE 19 MARCH 1999 fs MATURITY DATE 15 OCTOBER 2005 INTEREST RATE 4.375 PCT PRICE TO BE DETERMINED AT THE AUCTION INTEREST PAYMENT DATES 15 OCTOBER AND 15 APRIL FIRST INT PAYMENT DATE 15 APRIL 1999 CALCULATED FROM 23 OCTOBER 1998 1 MIN DENOMINATION AVAILABLE SGDI,OOO
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      7 4 CATS. Buy It. Sell It. Find It.
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      536 5 "IK 1 Volvofc4 hAj qk* H industry M *rrl 'on lump 2.8 M l -V- -nffas, J lb 1 x, fSi. 1 El!Br£* 5 /V\o*^ AOv x o o i°»\vv^e^ V *>***&" £r hi* I |)Lw »?5> J '3 v c v <V/ *<? cC *5k I, t /jf* *4T
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  • Page 6 Advertisements
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      129 6 Are your purchasing costs larger than you think? A The New DBS MasterCard Purchasing Card \BSu>r.s i I I IIIV I•.I S11 I M.«rl!> tin., s th(> valu. 'hv O.Kj-rM, (MIH tV W, 111 11! n<) va 'ivi DP'.S f 11!;■"•' t .11'! 1 Pun baling (ani transforms ,ind sintp!<f-.'
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Yuan devaluation fears just won't go away
      1096 7  -  Rumours continue but China's still unlikely to devalue its currency in the near future By Larry Wee I, INANCIAL markets had 1 their share I of mini-dra-I mas over the 1 last week. Happily, those hoping that volatile market conditions and op-tions-related plays
      Source: Reuters; Source: HypoVereinsbank  -  1,096 words
    • Article
      Asian US$ bonds gain ground
      739 7  -  Widespread local buying M'sian, Thai bonds fare best By' Damien Wood The author is director of credit research, Barclays Capital AFTER subdued trading surrounding the Chinese New Year festivities, trading in Asian US dollar bond markets has regained considerable momentum. Widespread local buying as well
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    • Article
      Lock icon THE WEEK AHEAD
      374 7  -  Compiled by Larry Wee Sources: ABN-Amro (ABN); Independent Economic Analysis Holdings (IDEA); MMS International (MMS) United States: Tomorrow: Another healthy set of employment statistics last Friday points to strong US numbers over the coming month, predicts IDEA, starting with a 0.7 per cent jump for February retail
      Sources: ABN-Amro (ABN); Independent Economic Analysis Holdings (IDEA); MMS International (MMS)  -  374 words
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      33 7 r c -SINGAPORE--1000 How will the top 1,000 Singaporeincorporated companies make it to the next mountain top? Find out in tomorrow's special. TheßusinessTimes Classified First. Want more accessories for your car? lhiyk.Sdk.Mk. f
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Bank of Thailand moves to curb baht speculation
      379 8 Commercial banks asked to tighten baht/dollar swap trading roles Reuters [BANGKOK] The Bank of Thailand yesterday asked commercial banks to tighten baht/dollar swap trading rules to curb short-term offshore speculation in the baht. Currency dealers said the changes, effective yesterday, were aimed
      Reuters  -  379 words
    • Article
      Lock icon Thailand to seal US$1.45b loan deals
      173 8 Bloomberg [BANGKOK] Thailand will sign agreements later this month to borrow US$l.45 billion (552.5 billion) from the World Bank and Japan. On Monday, the government delayed an announcement on the use of the money, which was slated for yesterday. It plans to finalise plans
      Bloomberg  -  173 words
    • Article, Illustration
      Lock icon Long way to send money
      63 8 [PANYU CITY, China] Chinese migrant workers crowding a local bank office on Sunday in the southern city of Panyu, in Guangdong province, to remit large proportions of their salaries back home to support theirfamilies. With a bluntness rarely heard from top Chinese leaders, Premier Zhu
      REUTERS  -  63 words
    • Article
      Indon reforms at risk as banks bleed
      694 8  -  Market sceptical after news of plan to merge five biggest private banks From Shoeb Kagda in Jakarta WITH the banking sector haemorrhaging badly, Indonesia's economic reform process is teetering on the brink of total collapse as the government tries to navigate itself out
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    • Article
      Lock icon Indonesia mulls penalty for rupiah transfers
      176 8 AFP [JAKARTA] The Indonesian government is planning to penalise anyone taking more than five million rupiah (*****) in cash into or out of the country, the central bank governor said in remarks published yesterday. But Bank Indonesia chief Syahril Sabirin said the pro- posal
      AFP  -  176 words
    • Article
      Lock icon China's banks raise US$ and HK$ interest rates
      418 8 Increases narrow gup between Chinese and foreign rates Bloomberg [BEIJING] China raised interest rates on US dollar savings by almost a percentage point, aiming to stem an outflow of hard currency as international banks cut credit lines amid a string of corporate
      Bloomberg  -  418 words
    • Article
      Devaluation not a matter of 'if' but 'when' with new deposit rates
      775 8 WHAT INDEPENDENT ECONOMIC ANALYSIS (DBA) SATS Demand for US$, HK$ likely to rise as yuan demand falls CHINA'S move to increase US dollar and Hongkong dollar deposit rates sparked concern that this could be a signal that the
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    • Article
      Lock icon NPLs at 4 biggest banks may cost China 500b yuan
      240 8 Bloomberg [SHANGHAI] China's cleanup of bad loans at its four biggest banks will cost the nation 500 billion yuan (SIIO4 billion), a China Construction Bank official said. China Construction Bank is setting up the country's first bad debt unit, Shinta
      Bloomberg  -  240 words
    • Article, Illustration
      Lock icon Japan bank heads should roll if restructuring fails: reform chief
      403 8 AFP JAPAN'S financial reform chief yesterday said bank governors should resign if they fail to rehabilitate their businesses despite massive injections of public money. Financial reconstruction commission chief Hakuo Yanagisawa said he would keep a close eye on how the
      AFP  -  403 words
    • Article
      Lock icon Most M'sian firms see forex curbs beyond '99
      138 8 Reuters [KUALA LUMPUR] Most Malaysian manufacturers expect capital controls imposed last September to remain in place well beyond the end of 1999, according to a poll by the Malaysian Institute of Economic Research (MIER). MIER said yesterday that a survey of 135
      Reuters  -  138 words
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  • REGION
    • Article
      Lock icon Megat Junid drafted that letter: Azmin
      621 9 ANWAR'S TRIAL Ummi told me she was paid for her part, he says; prosecution attacks ex-aide's credibility Reuters [KUALA LUMPUR] A former aide to Anwar Ibrahim said yesterday that a Malaysian government minister wrote a letter which accused the then deputy prime minister of
      Reuters  -  621 words
    • Article
      Lock icon Decision on Ta Mok under fire
      109 9 PHNOM PENH AFP THE Cambodian government came under fire yesterday for refusing to hand over captured Khmer Rouge military chief Ta Mok to a proposed United Nations international tribunal saying he would face his accusers at home. Human rights groups argued Cambodia was incapable
      AFP  -  109 words
    • Article
      Nobel peace laureate blames E Timor unrest on Suharto
      426 9  -  ABC radio: Senior Aussie military team in Jakarta for talks From\ Surinder Singh in Sydney NOBEL peace laureate Jose Ramos Horta has made certain allegations about former Indonesian president Suharto's role in the continuing unrest in East Timor, and about his
      426 words
    • Article
      Lock icon Indon A-G now says phone tape's genuine
      203 9 JAKARTA Bloomberg INDONESIAN Attorney-Gen-eral Andi Ghalib admitted yesterday that the leaked tape of a phone conversation between himself and President BJ Habibie is genuine, retracting his earlier assertion that the conversation never took place. "Yes, the voice on the tape is mine," he
      Bloomberg  -  203 words
    • Article, Illustration
      Why Sabah is crucial to Dr Mahathir
      1150 9  -  UAXYIBW BflffMt fear Is that losing this week's elections could trigger a domino affect in five other states By Yang Razali Kassim WHATEVER his doctor might say, Prime Minister Mahathir Mohamad has turned himself into the primary vote-getter in the Sabah state elections.
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    • Article, Illustration
      Lock icon Microsoft to take part in HK cyberport project
      745 10  -  It will also ensure that HK universities get latest software and technology From l Quak Hiang Whai in Hongkong MICROSOFT chairman Bill Gates, who unveiled his strategic alliance with Hongkong Telecom yesterday, gave the thumbs-up to Hongkong's much-hyped cyberport project when he
      AFP  -  745 words
    • Article, Illustration
      Lock icon China mulls constitutional changes
      324 10 BEIJING Parliament studying country's first unified contracts law Reuters CHINA'S Parliament began deliberating landmark constitutional amendments yesterday, including provisions to boost the private sector and enshrine the rule of law. The legislative body also began consideration of China's first unified contracts law, intended to ease foreign
      Reuters; AFP  -  324 words
    • Article
      Lock icon Shanghai boost for private-foreign firm joint ventures
      343 10 SHANGHAI AFP SHANGHAI will fully open up its private enterprises to joint ventures (JVs) with foreign companies for the first time this year in an effort to spur fast-declining investment, a senior Shanghai official said yesterday. The eastern commercial hub planned to "actively
      AFP  -  343 words
    • Article
      Lock icon China's FDI seen plunging 56% this year
      350 10 SHANGHAI Govt economist cites weak flows from HK, Taiwan, Japan AFP [SHANGHAI] China's foreign direct investment (FDI) this year will plummet by more than 56 per cent from the 1998 official figure to less than US$2O billion (5534.6 billion), senior trade ministry economist
      AFP  -  350 words
    • Article
      Lock icon Guangdong rules out Gitic restructuring
      281 10 BEIJING Province will iqject HKSISb assets into GDE: official Reuters THE executive vice-governor of China's Guangdong province, Wang Qishan, said yesterday that it would be "impossible" to restructure the failed Guangdong International Trust and Investment Corp (Gitic). "Experts think this kind of asset restructuring is
      Reuters  -  281 words
    • Article
      Lock icon Industrial output in China jumps 10.6%
      182 10 BEIJING Reuters CHINA'S industrial production accelerated in the first two months of this year, powered by sustained state spending on infrastructure, Xinhua reported yesterday. Value-added industrial output grew 10.6 per cent in January and February compared to the same two months of 1998, the
      Reuters  -  182 words
    • Article
      Lock icon HK justice secretary faces censure motion
      328 10 HONGKONG Reuters HONGKONG'S top justice official faces a no-confidence motion in the legislature today over her handling of Chi-na-sensitive cases. The landmark debate will be the first time a top government official has faced a censure motion since Britain returned the financial centre of
      Reuters  -  328 words
    • ASIA Briefs
      • Article
        Lock icon Aussie move for hedge fund inquiry
        80 10 Bernama [MELBOURNE] An Australian Parliamentary Committee has asked the Reserve Bank of Australia and the Australian Prudential Regulation Authority to conduct inquiries into hedge ftmd activities. The panel recommended that the Reserve Bank inquiry establish the size of hedge funds, and set up a
        Bernama  -  80 words
      • Article
        Lock icon India sees WPI inflation at 5-5.5%
        102 10 Reuters [NEW DELHI] India will end the present fiscal year this month with year-on-year inflation, based oft wholesale prices, between 5 and 5.5 per cent. Finance Minister Yashwant Sinha said yesterday. "Liflatkm is likely to be contained at 5 to &5 per cent and
        Reuters  -  102 words
      • Article
        Lock icon Japan to scrap fingerprinting of aliens
        78 10 Reuters [TOKYO] The Japanese cabinet endorsed a bill yesterday that would abolish the controversial practice of mandatory fingerprinting of foreign residents in Japan, government officials said. The revised bill on the Alien Registration Law, which still has to be approved by Parliament would require
        Reuters  -  78 words
      • Article
        Lock icon North Korea warns Japan of retalistion
        75 10 AFP [TOKYO] North Korea yesterday warned Japan of a "thousand-fold retaliation" if Japan were to launch a pre-emptive attack to prevent a missile launch directed at Japan. It blasted Japan's defence chief for saying Tokyo can legally take such a move. "His assertion is
        AFP  -  75 words
      • Article
        Lock icon Seoul seeks bankruptcy for 7 firms
        47 10 Reuters (SEOUL) South Korea's Financial Supervisory Service said yesterday it had applied for bankruptcy for seven insolvent mutual savings companies. The seven, an unlisted, were Kisan, Dongwha, Ilshin, Donga, Shinil, Kyungil and Samwon mutual savings ft finance companies, it said. —Ratters
        Reuters  -  47 words
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      158 9 Microsoftwnat to fo today?* jUHSIIHHHHHiIIHHBKHHBHIIIH ■f£BHH||^H I A "l (£^ss%£&, to take on the NEW MILLENNIUM? I Attend The Microsoft office2ooo Program Synopsis: a Learn how a new Web-productivity workstyle which integrates core COTDOTcII© productivity with the Web can help you streamline the process of sharing information and working with
      158 words
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  • REGION/WORLD
    • Article
      10% starting tax rate for small firms in UK budget
      562 11  -  Brown raises spending on health, education and other public services From: Neil Behrmann in London BRITISH Chancellor Gordon Brown yesterday announced a mildly expansionary Budget for the UK aimed at helping enterprises, including a new starting tax rate for small
      562 words
    • Article, Illustration
      Lock icon Clinton not fit for office, says former aide in expose
      460 11 WASHINGTON He calls Clinton a good steward with horrible flaws AFP EX-CLINTON aide George Stephanopoulos questions the US president's fitness for office in yet another expose by a former White House insider. In a book to be published tomorrow a
      AFP; REUTERS  -  460 words
    • Article
      Lock icon US pushes on with probe of Starr
      152 11 WASHINGTON Bridge News THE US Justice Department asserted its power to investigate alleged misconduct by independent counsel Kenneth Starr, the Washington Post reported yesterday. In papers filed on Monday with the special court that oversees independent counsels, the department argued that the court
      Bridge News  -  152 words
    • Article
      Lock icon Thai govt wants bankruptcy bill passed unchanged
      270 11 BANGKOK Reuters THAI Finance Minister Tarrin Nimmanahaeminda said yesterday the government was determined that Parliament pass its version of the bankruptcy bill despite objections from some senators seeking to water it down. "The government is seeking to have the original draft (of the
      Reuters  -  270 words
    • Article
      Lock icon US defends handling of spying scandal
      318 11 WASHINGTON Reuters UNITED States Energy Secretary Bill Richardson yesterday defended the Clinton administration's handling of a Chinese espionage scandal and said he was concerned that China was still spying against the United States. Speaking on NBC, he said the US government had acted quickly
      Reuters  -  318 words
    • Article
      Lock icon Microsoft in talks to settle suit: report
      167 11 Redmond, Washington Bloomberg MICROSOFT Corp and the US government are exploring ways to settle the landmark antitrust trial against the world's biggest software maker, the Seattle Times reported, citing unidentified people close to the case. The report of possible settlement talks comes as
      Bloomberg  -  167 words
    • Article, Illustration
      Lock icon US economy has been spectacular: Greenspan
      603 11 WASHINGTON Inflation has been "well-behaved' as well, says Fed chief Bloomberg THE US economy "has turned in a spectacular performance in recent years", with inflation staying low even as the nation's unemployment rate fell, Federal Reserve Board chairman Alan Greenspan said on Monday. Real
      Bloomberg; FILE PHOTO  -  603 words
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      85 11 lob Creator j seeker j Fairy tale Fiery tale? 1 |j j Retrenched at 30. Managing Director at 45. The story of a retrenched worker with the burning desire to succeed. Read all about how success is created. Be informed of latest business trends, developments, and proven formulas for success.
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      52 11 ■>DAY anheZaobao tßßam/6 888M3SH US9W 1 BT I mmmm i |||jj||||KH premier issn at al Wiammmamt* a bookstores. 1 ORtnyoumomecard j mmm I I I Momo:(Dr/Mf/M«j Profession: Company: Nature of business: I Mailing oddroos: I Postal code I Toi: CM) 10) I Fox: E-moil: II I Far uialrlis, jlaasa call
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Yes, the small man can beat Amazon.com
      769 12  -  IBB BOTTOMLDfB OPINION By Thomas Friedman The writer is a New York Times columnist NYT I RECENTLY wrote a column about Lyle Bowlin, who, for about US$l5O (Ss26o) a month, had managed to put together a Web site that could compete with Amazon.com
      NYT  -  769 words
    • Article
      IN OTHER WORDS
      140 12 'I wish to stress that money is held in trust for the people. One should not be overwhelmingly arrogant that the people will continue to give a mandate to leaders who are wasteful and corrupt.' -WanAzbah wife of ousted Malaysian deputy premier Anwar Ibrahim, on Prime Minister
      140 words
    • Article
      China's bold but risky course
      660 12 EDITORIAL CHINA'S Premier Zhu Rong-ji minced no words about the state of affairs in his country during his address last week to the annual session of the National People's Congress (NPC). His basic message: China is sailing into rough weather and it's time to take
      660 words
    • Article, Illustration
      Lock icon Why an effective board is vital for a company
      1082 12  -  It should monitor top management, and decide on strategy, executive pay and succession By] Loizos Heracleous EFFECTIVE corporate governance is an idea whose time has come. Adam Smith's concerns in his Wealth of Nations about the seemingly unlimited life, size and
      FILE PHOTO  -  1,082 words
    • Article, Illustration
      How I lost out on US$5m in the Internet economy
      1041 12  -  By. Michael Lewis Michael Lewis, the author of 'Liar's Poker', 'The Money Culture'and 'Trail Fever', is a columnist for Bloomberg News. The opinions expressed are his own TWO-and-a-half years ago, I found myself at a conference table with a few
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Nervous nominees tell of the agony
      390 13 OSCARS Waiting to know who wins is sheer torture, say Oscar front-runners Reuters [LOS ANGELES] The nominees for this year's Oscars met for lunch in Beverly Hills on Monday and talked of the heartburn, indigestion and just plain agony they suffer waiting for those
      Reuters; AFP  -  390 words
    • Article, Illustration
      Lock icon A timeless American folk hero
      1371 14  -  No one embodied the American dream of fame, fortune or created a more enduring legend than DiMaggio, who died on Monday, says josbphdurso JOSEPH DURSO NYT JOE DiMaggio, the flawless centre fielder for the New York Yankees who, along with Babe Ruth and Mickey Mantle,
      NYT; REUTERS FILE PHOTOS  -  1,371 words
    • Article, Illustration
      Lock icon US court won't block suit against Stone
      451 14 FILM Damage claim says Natural Born Killers is liable for couple's killing spree LAT-WP [WASHINGTON] The Supreme Court refused on Monday to block a lawsuit at its preliminary stage that seeks to hold filmmaker Oliver Stone liable for a young couple's murderous rampage
      LAT-WP  -  451 words
    • Article
      Lock icon Trying to find that funny bone
      455 14 HUMOUR Art of comedy may be a quest, lifelong for some, to solve NYT [ASPEN, Colorado] At one point, the question before the group was whether there was any subject too dark to be claimed by humour. The Holocaust? Cross burning? Aids? Martin Short,
      NYT  -  455 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      154 13 Where to wine, dine and entertain...^ All the fresh oysters you can eat! Help yourself at our carving station then feast over a lavish buffet dinner complete with appetizers, salads, soup and tempting desserts. Complement your meal with a specially priced wine-by-the-glass. MHj inner: Monday Friday liSSf Time 6.00pm till
      154 words
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      Page 13 Advertisements Column 2
      68 13 available for: private parties company dinner and dance conference seminar and meeting. I HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Gavenagh Road, Singapore *****7 Tel: 737 9944 Fax: 733 3175 J depend on predictions. W;r? g Advertise in Wine, Dine Entertain lof The Business Times and reach out to 140,000 readers
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      Page 13 Advertisements Column 3
      38 13 GbvfoWMt fiftUiiC f<V iHSttft, UKAL $M*Miktl for novr ~&i* count... UMAUtfM' Attcy vj f/W*5 A 8*K*ti*3 mu(I Jl<i.OO«+ ftf cJuld -PALM TERRACE AND POOL Level 5 Royal Crowne Plaza Singapore. 25 Scotts Road, Singapore *****0 V. 7ih7990 MiirtfM
      38 words
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      Page 13 Advertisements Column 4
      170 13 The freshest seafood dishes come with unlimited wine in St. Gregory's Brasserie in the Grand Plaza i Parkroval on Friday and Saturday evenings. Delicious Rock Crab with Tang Hoon, juicy cold Oysters, Prawns and Green Mussels on ice, Baked Slipper Lobster and many more. Plus as much wine as your
      170 words
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      Page 13 Advertisements Column 5
      118 13 Savour Teochew Flavours from Shantou at Pine Conrt Chinese Restaurant 1 1 TO 21 MARCH 1999 Lunch: 12.00pm 2.30pm Dinner: 6.30pm 10.30pm Reservations: 831-6262/66 Ifir ffl' Mmiann}]X^gaporr 333 Orchard Road, Singapore *****7. Td: 737 4411 Fas: 732 2361 vMn Ws 100 DisU« Woh><T Prepare yovritll for on incredible l»n«ktim» bufftt
      118 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1120 13 CRYPTIC CROSSWORD t»uld deep water (3,9) 31 Violent tale about origin of murder (6) ing in two quarters (6) YESTERDAYS SOLUTION 11 When fighting men go into the Mt|h|e|l^sitjwio|bTc^Mß V M services (6,6) ■BifBTCTBoHpBwBAmEI 15 An offer of equality in race 1 Mislaid one's watch and was matters? (5) held
      1,120 words
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  • Page 14 Advertisements
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      263 14 f J Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rehtal of a wide range of refuse bins Sale and rental of mechanised waste storage and handling equipment Sale and rental of the Green I Machine, a ride-behind
      263 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Big jump in DBS '99 earnings seen with POSBank on board
      635 15  -  Analysts polled expect 100-275% growth; more sedate rises for other banks By I Siow Li Sen [SINGAPORE] DBS Bank's earnings for 1999 are likely to skyrocket due to the full-year contribution from POSBank and lower provisions while those of
      FILE PHOTO  -  635 words
    • Article
      Datacraft stock hits record high
      305 15  -  By* Teh Hooi Ling [SINGAPORE] Datacraft Asia's shares yesterday soared to a record high following an announcement that the communications and network systems integrator had acquired a company in South Korea. Datacraft chairman Des Althorp said the Korean company, Commis Network, and Perfect Networks Inc,
      305 words
    • Article
      New Renong rescue dealwhen Plus is also a minus
      726 15  -  HOCK LOCK SIEW Eddie Toh THE new rescue plan for Renong announced on Monday may be sweeter than the old proposal, but it still leaves some bitter aftertaste. First, the sweetness. In the new revamp, the Malaysian government will not dip
      726 words
    • Article
      Building loans still account for bulk of OUB's lending
      360 15 [SINGAPORE] Despite the current poor property market, loans to the building and construction sector continued to account for the bulk of Overseas Union Bank's lending. In fact such loans increased more than 14 per cent to $7.07 billion last year while
      360 words
    • Article
      Lock icon Clob sell-down unlikely, says NEAC
      121 15 Bridge News [KUALA LUMPUR] Malaysian shares that were traded in Singapore will not be significantly sold off once a ban on trading on those shares is lifted, according to the deputy head of the National Economic Action Council (NEAC) Secretariat, Victor Wee. The NEAC is
      Bridge News  -  121 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        DBS Land, Schroders acting in concert over Scotts: sources
        595 16  -  If their 24.9% stake tops 25%, they most make general offer, valued at $92m By Conrad Raj [SINGAPORE] The Stock Exchange of Singapore is said to have ruled that DBS Land and its partner Schroders Asian Properties are acting in concert
        595 words
      • Article, Illustration
        Lock icon QAF earnings set to improve in '98
        512 16 [SINGAPORE] Salim-con-trolled QAF expects 1998 sales and earnings to beat those of the previous year with improved margins from bakery operations despite a "bread war" in the local market, said group managing director Tan Kong King in a BT interview. He said growth
        CHRIS LOH  -  512 words
      • Article
        QAF to set up 18 more Shop N Save supermarts here
        519 16  -  Reports by i Carol Eng [SINGAPORE] QAF expects to open at least another 18 more Shop N Save supermarkets in Singapore, at a rate of five a year. This is the same pace as that of Singapore's biggest supermarket
        519 words
      • Article, Illustration
        Lock icon Heshe in garment complex project
        371 16  -  By] Rahita Elias [SINGAPORE] Sesdaq-listed Heshe Holdings is spearheading a project to develop a garment manufacturing complex in Batam for Singapore companies in the trade. Executive chairman Chia Shi Teck recently told BT that the first two phases of the complex, which would cater specifically
        FILE PHOTO  -  371 words
      • Article
        KL to quadruple paid-up for Second Board to RM40m
        568 16  -  Move will affect more than 90% of the 283 firms now listed From Diana Oon Abdullah in Kuala Lumpur IN a move that could push some second-board companies to merge or delist from the Kuala Lumpur stock exchange, Malaysia's Securities Commission
        568 words
      • Article
        MyWeb to seek front-door Nasdaq listing, says CEO
        579 16  -  Internet company awaiting Q1 audit before deciding By' Teh Hooi Ling [SINGAPORE] Internet company MyWeb Inc.com, at the centre of some Nasdaq listing confusion last month, says it intends to get a listing via the "front door" on Nasdaq, the US technology-laden
        579 words
      • COMPANY Briefs
        • Article
          CSA seeks confirmation from HK's SFC
          65 16 [SINGAPORE] CSA Holdings said the company has sought confirmation from Hongkong's Securities and Futures Commission on whether a mandatory general offer is required for CSA subsidiary Automated Systems Holdings (ASH). This follows US-based Computer Sciences Carp's successful acquisition of CSA last week. ASH has
          65 words
        • Article
          Amtek has total bank facilities of $102m
          84 16 (SINGAPORE) Amtek Engineering said it has total bank facilities of $101.6 million, comprising overdraft of $20.9 million, revolving short-term loans of $78.3 million and a terra loan of $2.4 million. Of these, only $53.2 million have been drawn down. All the facilities are
          84 words
        • Article
          Kim Eng director quits
          43 16 [SINGAPORE] Kim Eng Holdings said Andrew William Hobbs has resigned as a director with effect from March 5, after having retired from his executive appointment with Kim Eng Securities (London), a wholly-owned subsidiary of Kim Eng Holdings, in December.
          43 words
        • Article
          Ipco names managing director, CEO
          43 16 [SINGAPORE] Ipco International has appointed Benety Chang its managing director and chief executive officer with immediate effect It said Dr Chang was formerly executive director of Promet Bhd and was its managing director between 1997 and last year.
          43 words
        • Article
          Lock icon M'sian Tobacco pre-tax profit up 44%
          67 16 Bernama [KUALA LUMPUR] Cigarette producer Malaysian Tobacco Company has recorded a 44.2 per cent increase in group pre-tax profit to 23.24 million Malaysian ringgit (5510.6 million) for the year ended Dec 31. Turnover was barely changed at RMS2S million. Earnings par dure increased to
          Bernama  -  67 words
    • COMPANIES
      • Article, Illustration
        Lock icon Sony overhauls operations, may axe 17,000 jobs, shut 15 plants
        766 17  -  It realigns affiliates, sets IT, computer products at heart of electronics business; Nikkei gains 2% By. Anthony Rowley in Tokyo JAPANESE consumer electronics giant Sony Corp yesterday said it will cut its headcount possibly by 17,000 or about 10 per
        REUTERS  -  766 words
      • Article
        Lock icon HK names advisers for planned exchanges merger
        299 17 Reuters, Bloomberg [HONGKONG] The Asian arms of Morgan Stanley and Merrill Lynch were yesterday appointed as financial advisers on the proposed demutualisation and merger of the territory's stock and futures exchanges and their associated clearing houses into one single listed entity. The Hong
        Reuters,; Bloomberg  -  299 words
      • Article
        Sony yet to decide on staff cuts in S'pore
        243 17  -  By' Teh Hooi Ling [SINGAPORE] It is still not decided yet how many of Japanese electronics giant Sony's 3,700 staff here can keep their jobs beyond March 2003 following a global restructuring plan announced in Tokyo yesterday. Sony Corp yesterday said
        243 words
      • Article
        Lock icon Thai Military Bank seeks partners
        310 17 Armed forces cutting stake in retreat from banking sector AFP [BANGKOK] Thai Military Bank (TMB), confirming plans by the armed forces to retreat from the banking industry, said yesterday it was in talks with potenti£d strategic partners. The move follows weeks of repeated denials by
        AFP  -  310 words
      • Article
        Lock icon Daewoo Heavy Ind's earnings jump 71%
        185 17 Bloomberg [SEOUL] Daewoo Heavy Industries Co, South Korea's second biggest shipbuilder, said its profit rose 71 per cent last year, exceeding analysts' estimates. Audited profit rose to 161.6 billion won (*****.2 million) on an unconsolidated basis frofri 94.73 billion won in 1997, a Daewoo
        Bloomberg  -  185 words
      • Article, Illustration
        Lock icon Elec & Eltek down 17.5% as electronics stocks slide
        390 17  - Elec Eltek down 17.5% as electronics stocks slide Counter hit by worse than expected 12% drop in interim earnings By, Annette Pau [SINGAPORE] Electronics stocks dipped yesterday due to poor market sentiment, led by printed circuit board maker Elec Eltek Co International which posted lower than expected results on Monday.
        Source: Bloomberg  -  390 words
      • Article
        Lock icon Take over Surabaya bourse, JSE urged
        143 17 Reuters [JAKARTA] The planned merger of Indonesia's Jakarta and Surabaya stock exchanges would be best accomplished by Jakarta taking over the smaller bourse, the team studying the plan recommended yesterday. "The best way for merger is for the Jakarta exchange to acquire or take
        Reuters  -  143 words
      • Article
        UEM shares seen coming under more pressure
        376 18  -  Serious erosion of NAY with plan to use PLUS in Renong rescue: analyst From Eddie Toh in Kuala Lumpur THE share price of United Engineers Malaysia is expected to come under further pressure following a plan to use its main cash cow, PLUS,
        376 words
      • Article
        Lock icon BAT expects poorer Q1 as '98 profit falls
        394 18 1998 earnings hit by £613 m settlement, big drop in Asia contributions Bloomberg [LONDON] British American Tobacco pic (BAT), the world's No 2 cigarette company, has warned of lower firstquarter operating profit as the cost of November's settlement between tobacco companies and
        Bloomberg  -  394 words
      • Article
        Lock icon Anwar assails Renong deal as unfair to many smaller firms
        481 18 Kit Siang questions tying of PLUS concession to bond issne Reuters [KUALA LUMPUR] Malaysia's sacked finance minister Anwar Ibrahim yesterday criticised a proposed US$2.2 billion (Ss3.B billion) debt restructuring plan for Renong as a bailout that he said was unfair
        Reuters  -  481 words
      • Article
        GES scores 49% surge in net to $9.1m
        335 18  -  Margins improve in all business areas with economies of scale, it says W Wong Wei Kong [SINGAPORE] GES International yesterday reported a surge in net profit to $9.1 million for the six months to December 1998, up 49 per cent from a
        335 words
      • Article, Illustration
        Lock icon HK world's cheapest property stock market after Japan
        297 18 Salomon uses market cap-to-earnings ratio as basis Reuters [HONGKONG] Hongkong appears to be the world's cheapest property stock market after Japan on the basis of market capitalisation-to-earnings ratio, Salomon Smith Barney said yesterday. Hongkong has a market capitalisation of 10.5 times the
        Reuters; FILE PHOTO  -  297 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Telecom Italia decides to fight debt with debt
        470 19 It wants to raise 20b euros to hasten a defensive internal merger: analysts Bloomberg, Reuters [MILAN] Telecom Italia has cppie out of its corner to fight Olivetti's debt-laden bid with preparations for a mega-loan of its own that could speed up a
        Bloomberg,; Reuters  -  470 words
      • WORLD Briefs
        • Article
          Lock icon AMD to cut jobs, warns of Q1 loss
          92 19 Bloomberg [SUNNYVALE, California] Advanced Micro Devices Inc (AMD) will cut 300 jobs, or 2.2 per cent of its workers, and warned that production glitches will result in a first-quarter loss. AMD will take unspecified charges in the first and second quarters for
          Bloomberg  -  92 words
        • Article
          Lock icon Polaroid's new throw-away camera
          63 19 Reuters [NEW YORK] Polaroid Corp, which pioneered instant photography, is now going disposable and hopes to sell millions of a throw-away camera, especially to the youth market. The Pop Shots, as the new camera is being called, is a single-use camera that will provide 10 instant
          Reuters  -  63 words
        • Article
          Lock icon Borders Q4 earnings up 10.4%
          68 19 Reuters [ANN ARBOR, Michigan] Borders Group Inc said on Monday its fourth-quarter net income rose amid strong increases in sales. It posted fourth-quarter consolidated earnings of US$86.7 million (S$150 million), or US$1.06 ■per share, up 10.4 per cent from US$78.9 million, or 96 US cents
          Reuters  -  68 words
      • Article, Illustration
        Lock icon NYSE Q4 profit down 27% as new listings fall
        255 19 Bloomberg [NEW YORK] The New York Stock Exchange's profit fell 27 per cent in the fourth quarter as the number of new companies that listed on the world's largest stock market tumbled. Quarterly net income fell to US$7.4 million (5512.8 million)
        Bloomberg; FILE PHOTO  -  255 words
      • Article
        Lock icon eßay ousts Amazon.com as most valuable Net retailer
        387 19 Karket values of USs2o.7b, USsl9.3b respectively Bloomberg (SAN JOSE. California] Amazon.com Inc, the top online bookseller, bid goodbye to the title of most valuable Internet retailer, thanks to eßay Inc, the online auction house that began as a forum for trading Pez
        Bloomberg  -  387 words
      • Article
        Lock icon Seagate to take Q3 charge of US$50m for cost cuts
        273 19 Bloomberg [SCOTTS VALLEY, California] Seagate Technology, the No 1 computer disk-drive maker, will take a fiscal third-quarter charge of US$5O million (SsB6 million) to US$6O million for previously disclosed cost-cutting efforts. The charge covers closing of its semiconductor plant in
        Bloomberg  -  273 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon NAB makes changes in its top ranks
        197 20 Bloomberg [SYDNEY] National Australia Bank Ltd, Australia's largest bank, has created one new position and merged several others in its senior management ranks. Gordon Wheaton, the former chief executive of AsiaPacific, has been appointed to the newly created position of chief executive, Australian
        Bloomberg  -  197 words
      • Article, Illustration
        Lock icon Japan's 15 major banks to close 450 branches by 2002
        401 20 They aim to save 303b yen by realigning units, cutting 21,000 jobs Nikkei, FT [TOKYO] Japan's 15 major banks expect to shut down about 450 branches at home and abroad in the four years through fiscal 2002. Set to push
        Nikkei,; FT; AFP  -  401 words
      • Article
        Lock icon Thai banks to raise 700b baht capital by end-99
        241 20 Reuters [BANGKOK] New equity capital raised by battered Thai commercial banks would likely exceed 700 billion baht (Ss32 billion) by end-1999, a senior central bank official said yesterday. Salinee Wangtal, deputy director of the bank's financial institutions policy department, said nearly
        Reuters  -  241 words
      • Article, Illustration
        Lock icon Citigroup chairmen took home US$235m last year
        520 20 That was the year the group posted 13% fall in profit Bloomberg [NEW YORK] Citigroup Inc co-chiefs John Reed and Sanford Weill took home US$235 million (*****.7 million) in 1998, when they oversaw the merger that created the world's largest financial services company,
        Bloomberg  -  520 words
      • Article
        Lock icon BCCI case: UK lawyer on trial
        305 20 He's accused of hiding CEO's diary from PS grand jury Reuters [NEW YORK] A British lawyer went on trial on Monday charged with tampering with evidence by hiding the business diary of the chief executive of the bankrupt Bank of Credit and Commerce International
        Reuters  -  305 words
      • Article
        Lock icon Goldman IPO gets 'overwhelming' support
        567 20 Jon Corzine to quit as co-chairman after the share sale Bloomberg [NEW YORK] Goldman Sachs Group LP partners have voted "overwhelmingly" to sell shares to the public, converting the 130-year-old investment bank into a public company that can use stock to expand and compete with
        Bloomberg  -  567 words
      • Article
        Lock icon ADB issues NT$10b bonds in Taiwan
        187 20 AFP [TAIPEI] The Asian Development Bank has launched a Taiwan dollar denominated bond issue worth NT$lO billion (Sss2o million) in the island's First foreign debt issue since July 1998. The bonds went on sale here on day, the issue's lead manager Grand Cathay Securities
        AFP  -  187 words
      • Article
        Lock icon Amex partners WWF in first affinity scheme
        144 20 AFP [SYDNEY] American Express International launched yesterday its first credit card affinity programme, teaming up with the World Wide Fund for Nature (WWF). Every time someone uses an American Express credit card co-branded with the WWF, a percentage of what they spend will
        AFP  -  144 words
      • Article
        Futures unmoved by drop in Japanese rates
        183 21  -  iiiWinn Reports MSCI Singapore Index Bob Butcher, Jardine Fleming A FALL in Japanese lending rates did little to stir interest in the Singapore stock market or the related derivative futures market. The MSCI Singapore Index opened in line with the previous day's close
        183 words
      • Article
        Institutional buying gives futures a boost
        164 21  -  MSCI Taiwan fixtures Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract rallied 2.3 points yesterday. The Taiex posted a gain of 61.47 points behind a stronger Nasdaq, which rocketed 60.51 points, its highest in almost a month. Taiwan's technology sector
        164 words
      • Article
        Lock icon Oil prices rally 3% on report of agreement over Iranian output
        333 21 EMEROT REPORT Bloomberg [NEW YORK) Crude oil rose almost 3 per cent after a report that Iran and Saudi Arabia had agreed on an output target for Iran, a move that makes further output cuts by the Organisation of
        Bloomberg  -  333 words
      • Article
        Lock icon CURRENCY REPORT
        303 21 Reuters London THE euro drew scant comfort from European growth prospects yesterday following moderately heartening German unemployment figures. Markets quickly concluded that the 6,000 fall in panGerman jobless from January to February did not yet represent a harbinger of better times in the 11 euro-zone economies. The euro,
        Reuters  -  303 words
      • Article, Illustration
        Untitled
        1171 21 IMi'ilRBAkk CROSS RATES Mar 9 A< CI Mat far» Ffr M HOhKh KajiH Yan Wan HI Iphlih Nw S$ Kani Sir MT$ M* NaMI tf$$ Australia 0.957 4.171 0.501 3408 1135 4.893 ***** 56.551 0.768 7401 2.400 1188 ***** ***** 1.093 3.895 0.924 20.972 ***** 0J93 0432 Canada 1045 5.477
        1,171 words
      • Article
        Untitled
        1801 21 8IC0M FUTURES Mar 9 MIMCR (Mam dosing •> <1 SJOpa) RSS1 CONTRACTS cMh/k|) ClOM VoiWM Opts Mertfc Hjqfe Low Sott (tonat) lutfit Apr 99 ***** 106.00 ***** 350 650 May 99 109.75 109.75 109.25 100 975 J#n99' -***** 300 Jul/Sap 99 M75 825 Oct/Occ 99 ***** 225 Jan/Mar 00 *****
        1,801 words
    • Article, Illustration
      Lock icon HONGKONG
      1361 22 AFP U Hang Seng +2C&96 STOCKS closed 2.6 per cent higher yesterday on continued buying by institutional investors, dealers said. The blue chip Hang Seng Index closed up 268.96 points at 10,532.95 on total turnover of HK55.62 billion. "Since the Hongkong government announced its 1999/2000 Budget last week, there
      AFP  -  1,361 words
    • Article, Illustration
      Lock icon CHINA
      537 22 Reuters C3 Shenzhen B Index -2.03 SHENZHEN'S hard currency B shares index fell 4.52 per cent yesterday to end at a record closing low under pressure from large selling orders from foreign investors, analysts said. The B index fell 2.03 points to 42.95 after touching an intraday low of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  537 words
    • Article
      Lock icon TAIPEI
      337 22 AFP Index +6L47 TAIWAN share prices rose one per cent yesterday on strong buying of technology shares, buoyed by overnight gains posted by US technology stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index moved up 61.47 points to 6,493.43. "Technology shares were the most active here after
      AFP  -  337 words
    • Article
      WORLD STOCK MARKETS
      2152 22 LQHPUt hivlvWi hMWl 3i Group (20 0.20 Allied Domocq 4.88 -0.05 Allied Zurich 9.00 -0.13 Anglo American Gold 24.00 0.60 ASDA Group 147 -0.01 A 8 Foods 4.51 0.01 A B Ports 2.78 -0.08 Bonk ol Scotland 9.12 0.04 Barclays 17.64 0.25 Bass 9.01 0.14 BG 3.55
      2,152 words
    • Article
      Lock icon TOKYO
      1611 22 AFP PWMMi22S *317.16 SHARE prices in Tokyo closed 2.1 per cent higher yesterday, as limited profit-taking on early gains encouraged investors, brokers said. The Nikkei stock average of 225 leading issues rose 317.65 points to end at 15,096.70, finishing above the 15,000 mark for the first time since November
      AFP  -  1,611 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8284 23 INDUSTRIALS Consumer products I9M Last Vol Day Nat Cap High Low Cempewy Seta 'OOP MH> Iw Pft >W 310 270 Ajinomoto 270 14.9 109.4 83 61 Angkasa 61 099 283 220 Apollo Food Mlg 220 unch 2 220 220 7.7 88.0 204 137 Berjeya Land 141 1 60 141 139
        8,284 words
      • Article, Illustration
        Lock icon Renong restructure plan sends stocks up
        376 23 AFP, AFX-Asia Composite Index ♦10.67 MALAYSIAN share prices ended 2.1 per cent higher yesterday on local buying interest spurred by news of Renong Bhd's restructuring plan, dealers said. The KLSE Composite Index rose 10.67 points to finish at 530.53, off an earlier high 0f532.22
        AFP,; AFX-Asia  -  376 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        1989 24 BONOS. LOANS ft VARIANTS 52 Last Vol D.v LastOuot. Avg stno Company Sat* (000) Ht«h Law Buyer Sailer Prtc* 8 3 3,60 'Acer ******1US4 13 unch 2 12 12 S 13 35 45 3164 Acma ******4 16.5 *0.5 207 17 16 16.5 17 16 3161 AIITach ******7 2a5 39 18.5
        1,989 words
      • Article
        CLOB INTERNATIONAL
        220 24 H0N6K0NG STOCKS Qt Gr 92-W* Last Vol Day Last Ouota Wv Dtv Via Nat M Cap High Low Stno Company Sala (OOP) Mlgh Law Buyar Sa«ar C'vr H p/t SmU ~185 173 5123 COL (2000) MK 173 iu JT7 8 2.4 4.6 8 9 3349.6 5124 Cathay Pac
        220 words
      • Article
        Jaya wrt: caution is the watchword
        182 24  -  WARRANT WATCH -By R Sivanithy JAYA Holdings has been in the news lately, especially since its shares have spiked upwards in high volume. All sorts of rumours have abounded, mainly because its non-executive chairman, who owns 19 per cent of the firm, is Indonesian.
        182 words
    • Article
      Lock icon WELLINGTON
      300 24 AFP n Wellington -17J4 NEW Zealand stocks fell 0.8 per cent yesterday on heavy selling of Telecom Corp ahead of the debut of its instalment receipts as fullypaid shares, dealers said. The NZSE-40 Index lost 17.94 points to 2,155.80 on average turnover of NZ$97.3 million with the combined Telecom
      AFP  -  300 words
    • Article, Illustration
      Lock icon BANGKOK
      896 24 AFP P SET Mat -7.09 THAI shares closed down 2.1 per cent yesterday in thin trade marked by sharp selling in selected stocks, dealers said. Share prices closed lower led by communications, property and chemicals on concerns over debt restructuring and weakening profit performances, dealers said. Investors also sold
      AFP  -  896 words
    • Article
      Lock icon SEOUL
      414 24 AFP >1 Composite Into *LOl SOUTH Korean share prices closed slightly higher yesterday, extending sharp gains the previous day triggered by Wall Street's rally, dealers said. They added the stronger Japanese yen helped keep downside support steady. Futures-led selling also limited the upside as investors turned cautious over the
      AFP  -  414 words
    • Article
      Lock icon SYDNEY
      656 24 AFP PAnOrfimriM -8JB SHARE prices drifted 0.3 per cent lower yesterday, held back by concerns that Wall Street will extend its overnight fall, brokers said. The All Ordinaries Index fell 8.8 points to 2,920.8. Turnover totalled 322.8 million shares worth A$1.02 billion, with falling stocks outnumbering rises 662 to
      AFP  -  656 words
    • Article, Illustration
      Lock icon JAKARTA
      690 24 AFP P Composite Indei -5J5 INDONESIAN share prices slipped 1.3 per cent yesterday in flat trading amid a lack of positive leads, dealers said. "There were not that many players in the market," a dealer with Mashill Securities said. "I think our market will be continue to be flat
      AFP  -  690 words
    • Article
      Lock icon MANILA
      347 24 AFP n Manila -2937 PHILIPPINE share prices closed 1.5 per cent lower yesterday due to profit-taking and the absence of positive leads, analysts said here. The Composite Index fell 29.87 points to close at 1,998.41 points. Turnover fell to 590 million shares worth 1.01 billion pesos compared to 750.63
      AFP  -  347 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5921 25 Transaction date: Mai 9 to to M Wt 52-Wk Last Vol Do* Loot O»ote W* W IfJU £3 W» L— Wh Ci-jiny I* rooo) HN» t— Brae loBoc Cw M MHLTHMUSTIY 142 17.5 m t 1000 Acma 50c 70 -0.5 125 72.5 69 70
      5,921 words
    • Article
      SESDAQ
      1069 25 Or Or M m «2-m LMl Val Day Last Ouat. ON Otv VM IM Cap Aa« L— HWt C—M*y Wt COOP) H# L— W* C*W MANUFACTIIMM 219 30 2049 -AS Auto 10c WJ -0.5 147 90.5 89 895 90 15 M 7 17 8.4 1022 90 79.5 45 2051
      1,069 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        420 26 Stocks VofciiM Wing Tai 25c 10.329,000 JC-MPH WtOO 10,039,000 DBS Land 9,145,000 UIC Wt99 6,708,000 Elec 80c 6,561,000 UIC 6,353,000 ST Engg 10c 5,506,000 CK Tang Wt99 4,824,000 DBS Foreign 4,106,000 Keppel LandWOO 3.934.000 Stocks DBS Foreign 50,632.532 Elec 80c 30,364,960 City Oev 50c 29,130,929 DBS Land 20,782,998 OCBC Foreign
        420 words
      • Article, Illustration
        Property stocks recover further amid weak session
        609 26  -  STOCK MARKET COMMENTARY Bank stocks surprisingly resilient; poor earnings overshadow Nikkei's snrge above 15,000 points By R Sivanithy PROPERTY stocks provided the only bright spot in an otherwise weak session yesterday in which earnings shocks were heavily punished and bank stocks surprised with
        609 words
      • ON THE GRAPEVINE
        • Article
          More companies seek help
          83 26 ANOTHER three companies have sought help from Malaysia's debt arbitration panel, the Corporate Debt Restructuring Committee. This brings to 45 the number of companies with troubled loans, now collectively exceeding 22 billion Malaysian ringgit (Sslo billion). The CDRC has rightly chosen to help resolve the biggest
          83 words
        • Article
          Millennium babies
          127 26 SOME things you can't leave to the last minute, and having a baby is one of them. That takes nine months, give or take a few days. So if you want to have the first baby of the new millennium, you'd better get the preliminaries completed on or
          127 words
        • Article
          Disappointing date with Gates
          118 26 THERE was no doubt as to what was the main event in Hongkong yesterday as far as the media was concerned. Bill Gates, of course. During the press conference yesterday, the Microsoft chairman and multi-billionaire attracted no fewer than 100 reporters and cameramen who came to
          118 words
        • Article
          Priceless collection
          96 26 AND considering the influence of Mr Gates, it is understandable that Hongkong Telecom chief executive Linus Cheung in opening the press conference yesterday should relate his experience at Mr Gates' new home in Seattle which he visited last year. Commenting on the Microsoft chiefs collection of expensive items,
          96 words
      • Article, Illustration
        HOT STOCK
        56 26  -  By Louis Beckerling INFORMATICS Holdings' shares closed unchanged yesterday at 50 cents on a volume of 218,000 shares, compared with its 10day traded average of 504,300 shares The RSI and stochastics indicate that the stock is consolidating after its recent gains. This suggests that it is likely to
        56 words
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      94 15 wnv mtmiicvimih^h hh i^B VJ Of#M 1 -gjfl 4 i suj^^H HHms such a long word *r* f t£&&_, jiv l Y V Wi|UCi v\ 1 j fir tiy t ijij^Bk^ t* \i/tt\/ q pi IM w vJUCi i i w« SB: IsS^df r Daily to Switzerland and Europe. Travel,
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      36 16 It's easy. I'll just find it in The Straits Times Classified. MfrT Dad does it all the time. He changes cars as often as |cata| I change my toy cars. Buy it Sea it Find it
      36 words
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      121 17 XOIT AT A] J LUEDHESDnY, mfIRCH 31, 1999 t I ll II ihter conTinEnmi hotel ILI L\l U I j Vn L 111 1 u SINGAPORE LllJ\l_ fj I (l J 77 8.30 am. to 5.00 p.m. LvL i_ LjUl V/]|l 1 \J space is limited. Register early by phone
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      Page 17 Advertisements Column 2
      47 17 THE WORLDS LEADING v 1 OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS t Incorporation hees from L/SSiOO J m BAHAMAS JfRSEY V I M BRITISH VIRGIN MAURITIUS |g i ISLANDS SEYCHELLES fi* CAYMAN ISLANDS SAMOA IRELAND M Visit OCRAs definitive Offshore Companies Web Site .it www ocra com
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      Page 17 Advertisements Column 3
      137 17 v ll 9S9HIV /*sa B^S^H>Mhars Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one bedroom to a penthouse, are fully furnished.
      137 words
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      218 18 lliccse A flair. At Le Meridien. ht<\f \lu\h t t uiillil I'imliinl nml hl\ I 111 ISI S IDC IIISI I HI) libit Si I *****11 ll 111 I I 111 I n iii li milii In ln\ i s lluil In am sn liill't lluiiilmim win n lit llns
      218 words
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      Page 18 Advertisements Column 2
      60 18 Sunday Classified at Clarke Quay Every Sunday, 9am spm fjp APPOINTMENT^^'^ SummerJ999 ISolieption. fr V For your personal 4 cofiion with Thomas, please Grand Hyatt Singapore *****^ 19 23 March 1999 LANVIN l» A K I S noimour:, miano mvatt muc.aP'>nr if v scott;, road ~.ingapor{ .?a?n tfi para, mm
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      165 19 < 2>ooce<z>s~ &oCtN&£S wxsrW JJ a M)il*~ p ~T*€ CM°<ce£. A AS/400e= Engine of e-business HHJf Choosing a server to take your business to the Web? The scalable AS/400e server is LJflp J 1 K everything a growing business needs. It supports hot Web technologies like Windows NT, M I
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      Page 19 Advertisements Column 2
      195 19 Jump-start your business with the AS/400, the engine of e-business. If you are looking for a scalable and reliable platform to run your business, look no further than the AS/400. IBM's new AS/400 Model 720,730, and 740 servers allow your organisation to run the e-business solutions alongside lines of business
      195 words
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      69 20 HELP SAVE THE£T^\S earth, ym (And get paid for doing it) \0 l Give the Earth and other \ir J Singaporeans a helping hand offer J someone a paid lift to work each day! /I To experience the rewards of saving 1 1 the environment, call 1800-*****66 a for a
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      Page 20 Advertisements Column 2
      72 20 Master Sales Agent Wanted Adverts for international tourism directory: hotels, restaurants, shops, car hire etc These adverts are proven to be popular. We supply: leads, backup, soft h/ware and expenses. Would suit Agent who is able to recruit 4-6 full/part-time reps. Minimum income $250,000 per annum. Only investment is basic
      72 words
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      31 23 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best Check The Straits Times Classified First. Jl"" CATA) Buy h. Scl It. Find It.
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      24 24 saw /Ding dongTX such^X girlfriend. "1 "X") Buyinaorsellinathrouah The Straits Times Classified is child's play. CallC.A.T.S.at 1800-737-1166.S I Buy It Sdl It Find IL
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      1327 26 Want to talk about investments with your peers? Join our forum at http://www.dbs. com sg/ 101/ bbs 831M5SBANK NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 TONQ BEE COMPANY (1988) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) (Incorporated in Singapore) LOST SHARE CERTIFICATE Application has been made to the
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      Page 26 Advertisements Column 2
      77 26 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
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      Page 26 Advertisements Column 3
      13 26 advertise your i simply lax: 741 1198 •r Call 1011-free: 1800 741 1883
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      303 27 Bridge News, Reuter ASIA Panamax rates were expected to firm this week, at least for the early ships. Others talked of the Atlantic market as having peaked and "stumbling". But fundamentally there remains some strength in the market and rates could rise again. BUtac Futures for the most
      Bridge News,; Reuter  -  303 words
    • Article
      MARITIME STOCKS
      281 27 SSS '000 Mart St *h HI CWT Distribution 0.50 -0.029 2 Oman Hup 0.60 -0.005 79 Cosco invastmant 0.475 unch 8 FralqM LMu 0.165 *0.005 124 GBHoMngs 0.37 HaiSunHup 0.45 "0.01 261 IMC Holdings HK 5.6 Jaya Holdings 0.575 *0.01 72 Jurong Shipyard 6.50 *0.05 57 KappaiCorp 4.08
      281 words
    • Article
      S'pore in global shipping e-commerce tests
      391 27  -  Bolero system will do away with paper documentation and will be launched fully in Jnly By Marcus Hand [SINGAPORE] Trials of Bolero, a global e-commerce system that does away with the paper documentation used in ocean shipping, have begun over the last few weeks,
      391 words
    • Article
      No excuse for not applying best practice
      776 27  -  STRAIT TALK By I Seafarer BEST practice must apply to newbuildings too. Nowadays we are all concerned about setting and maintaining high standards. Port state control is becoming much tougher in its inspections and charterers are more demanding in terms of their quality
      776 words
    • Article
      Hongkong receives three cruise terminal proposals
      307 27  -  From. David Taylor in Hongkong THREE cruise terminal proposals have been put forward for Hongkong, two of them on the old airport site at Kai Tak. Seen partly as a boost to the Special Administrative Region's sagging tourist figures, the proposals also include housing
      307 words
    • Article, Illustration
      Lock icon S Korean ship orders up
      251 27  -  By] Felix Chan SHIPBUILDING orders received by South Korea jumped 53.4 per cent year-on-year to 455,500 tonnes in the first two months of 1999, industry sources said. The backlog of orders stood at 20.02 million tonnes for 312 vessels, the sources said. The volume is
      FILE PHOTO  -  251 words
    • Article
      Lock icon 6 killed in collision of bulk carriers
      147 27 Bridge News [LONDON] Two empty bulk carriers, the capesize Las Sierras and the Panamax Halo Cygnus, collided 960 km south-west of Guam in the Pacific Ocean, killing at least 6 people, press reports said on Monday. The crew members aboard the Halo Cygnus,
      Bridge News  -  147 words
    • Article, Illustration
      Lock icon Setting up a system of paperless transactions
      773 28  -  E-COMMERCE !M SHIPPING Bolero system enables documents to be transferred electronically with tight security Ry'. Marcus Hand in Singapore E- C O M M E R C E has become a major buzzword in business these days, yet ocean shipping, which carries the
      Source: Bolero International Ltd  -  773 words
    • Article
      Lock icon China Airlines in drive to restore credibility
      244 28 Reuters [HONGKONG] Taiwan's China Airlines said its flight safety efforts would restore its credibility among codeshare partners and passengers rattled by two crashes and 465 fatalities in the past five years. "Over the past year, we have introduced a number of safety initiatives
      Reuters  -  244 words
    • Article
      SHIPPING SCHEDULES INDEX
      222 28 PACE ECU Line 6 ACL 6 ECL 5 ANL 3 Evergreen 6 U Accord 8 'oongSun 8 Appenstap 5 G ljnk 4 Austral 8 Gemartrans 8 Balaji Shpg 4 Hanqli 7 BSA 7 Hanjm 3 B'tang Mas 8 Heung-A 4 CCNI 7 Hyundai 7 CMA 8 ICFS
      222 words
    • Article
      SHIPPING GUIDE
      19708 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adv*rtis*r Vassal Voyaga T «t»phon« ETA ETA Advartisar Vassal Voyaga Talapnona SIN D*srn Nam* Nama Number Number SIN D*st'n Nam* Nam* Number Number 17/03 12/04 Norsul CSAV SANTOS 0I0S *5-*****77 To ABIDJAN (ABJ) 2003 Cote D'lvolre 17/03 13/04 D*imas csav santos 010s 45
      19,708 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        829 41 V®ss«I Voy No Berth Arrival Departure J»H| Part Adka "arunag *****9 J10 alongside 10.03/1800 Bt M« Ur 03M99 J01 alongside 10.03/0300 8t Must! U *****9 JOI alongside 10.03/0300 Bt Nad Tama *****9 J01 alongside 09.03/1500 Bt S Makassa *****9 JOI alongside 10.03/0100 «S*|at *****9 J01 alongside 10.03/0300 8t
        829 words
      • Article
        CONTAINER SCHEDULES
        1873 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Book lng/B« lane* Rstls Ship Voy No Etb/Btr Period From To From Aci MM 00*1 12/0700 U 09/1500 09/1*59 09/1900 N 09/1500 09/1*59 09/1900 U 09/1700 10/0459 10/0900 21 09/1700 10/0*59 10/0900 J 10/0700 10/1159 n/1400 4 10/1200 n/1459 10/1700
        1,873 words
      • Article
        GLOBAL HOLIDAYS
        217 41 Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mar 22 Japan: Vernal Equinox Day. Mar 25 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 29 Taiwan: Youth Day. Apr
        217 words
      • Article
        COCKETT BUNKER MARKET REPORT
        768 41 THIS report. compUed by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        768 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        529 41 Carton 180 Mai 998.1 1.0 18.8 0.09 52 0.07 Mw4 Density Water Residue Ask Aluminium Sediment No above £25 3 0 20 0 0 0 %M/( 380 Ave 985.6 0J 14.0 0.06 31 0.02 Cim 380 Mi 994.9 0.7 19.4 0.09 65 0.07 HM/u %»/N w
        529 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Possible Skymark failure may end fares war
        525 42 Japan's discount fare airline says seat occupancy fell below breakeven level Bloomberg [TOKYO] Skymark Airlines Co, which started domestic flights in September, said its average seat occupancy rate fell in the first week of March to a loss-making level, indicating the end of
        Bloomberg; FILE PHOTO  -  525 words
      • Article
        Lock icon All-female crew on 3 Indian flights
        98 42 AFP [NEW DELHI] India's staterun airlines on Monday operated three flights with an all-female crew to mark International Womens' Day, the Press Trust of India reported. A spokesman for Indian Airlines said one of the flights was from Bombay to Sharjah, which had two
        AFP  -  98 words
      • Article, Illustration
        Lock icon A deal to put Ford at Volvo wheel
        61 42 [GOTHENBURG] Ford chief executive Jauques Nasser (left) shaking hands with Volvo chief executive LeifJohansson behind a model of the new Volvo SBoon Monday during a Volvo shareholders meeting in Gothenburg. Volvo shareholders voted to accept the sale of Volvo Cars to US
        AFP  -  61 words
      • Article
        Lock icon Black box of crashed Indian jet found
        301 42 AFP [NEW DELHI] The flight data and cockpit voice recorders of an Indian air force plane that crashed near New Delhi killing 22 people have been retrieved, Defence Minister George Fernandes said. He said the instruments were undamaged and could provide vital clues
        AFP  -  301 words
      • Article, Illustration
        Circle opens $26m districentre to provide turnkey services
        525 42  -  It plans to build another 25,000 sqm facility next door By] Marcus Hand [SINGAPORE] In a double celebration Circle International opened its new $26 million Singapore Districentre and was awarded Operational Headquarters (OHQ) status by the Economic Development Board (EDB) yesterday. The
        525 words
      • Article
        Lock icon Lufthansa sold record 74% seats last year
        377 42 Airline plans to increase capacity by 13% this year Bloomberg [FRANKFURT] Deutsche Lufthansa, Europe's second-larg-est airline, sold 73.7 per cent of its available seats last year, setting a record which the airline says will be difficult to meet or beat this year. The
        Bloomberg  -  377 words
      • Article
        Lock icon Sydney airport issues A$400m 5-year bonds
        132 42 Bridge News [SYDNEY] Sydney Airports Corporation Ltd has launched its long-awaited A $400 million (***** million), 5-year bond via Commonwealth Bank of Australia and Westpac. The deal will be priced mid-morning to give a spread of 95-100 basis points over the underlying 2004 commonwealth
        Bridge News  -  132 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1802 42 CITY FLIGHT ETA FLIGHT ETD S025 0655 0F5 0005 AddaMt AN8230 1920 GA973 1005 LH6373 2355 LH6381 1920 LH786 1650 S026 2355 ***** 1920 NZ4S86 1650 LH787 2359 Amsterdam KLS43 0540 S024 2320 *****5 1450 "f? ***** 0800 KL838 2335 GA973 1005 Futioti 509*9 ITB SOW
        1,802 words
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      12 27 Paperless transactions Bolero system enables documents to be transferred electronically Page 2
      12 words
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      Page 27 Advertisements Column 2
      211 27 Setting up a system of paperless transactions, Pg 2 New age harbour towage liberalisation T scheme allows Tug and Towage ■fT W licences to IRR, Ih 'i other operators Tug Towage 1116 Maritime Port Authority whole new ocean of potential of Singapore's liberalisation for operators and the scheme now provides
      211 words
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      Page 27 Advertisements Column 3
      17 27 Skymarkseat occupancy down Airline warns it may have to increase fares if business doesn't improve Back Page
      17 words
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      1169 28 I NORTH AMERICA 1 I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS W»»CT TO LA WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) visa vor ia w moh ok my Amoco an vcsa vot |"'g» flu acajmu saw lomco comho pt emeu wbuvwtura sauma one ooamuM noil ii7«
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      Page 28 Advertisements Column 2
      618 28 For Special Equipment Service: lntertransport% International Limited Page 5 EXPORT 3 x Japan -2 x Hongkong -1 x Manila ■1 x Kooshiung, It—lung (Accepting FCI to BKK/NAHA/SENDAI/CEBU/ICH) NBUCW HOHGKOIft MOM WKlii tflft TfO YOK. fI WD aqdahua oom |g ********** 1743 1943 tun run km hm 2H3 *amn or* i<lo3
      618 words
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      Page 28 Advertisements Column 3
      137 28 ZTT Members of the (-W2®c) Member s o» the Registry of f*i d Jl.l Singapore FfetgM Forwarders Accredited Shipping Agents Association vS.»"V Stfigapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES j|L -A,, SINGAPORE to BATAM, BINTAN, KARIMUN m» T SINGAPORE to BANGKA ISLAND l SINGAPORE to CILEGON l^nej
      137 words
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      Page 29 Advertisements Column 1
      1172 29 TO EUROPE FROM EUROPE Ivcsa voy 1 mn itm m ham wv sou fxt iiH~"~||vßsa vot rtm am ham wv sou fxt uh sin HYIAROM JI«W 11/03 03/04 31/03 01/04 29/03 a* SSII 20/02 17/0? 18/021S/02 11/03 NOHOUTI 012W 12/03 28/03 30/03 02/04 03/04 HYDUU 31*1 11/02 20/02 23/02 17/02
      1,172 words
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      Page 29 Advertisements Column 2
      2465 29 ©HANJIN SHIPPING iiLpl i -Whs *****30 HANJIN SNIPPING (S) PTIITD b— c— WOKING *****3S 737 SALES *****74 731 DOCUMtm *****71 274 OPtIATIORS *****50 251 MAM UME *****5S FAI *****60 «HQ HS34t3OOOOM TO NW USA A CANADA USA CANADA* mvsi/vw mm sm uni haul/voy sa im on pox or Isp m
      2,465 words
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      Page 30 Advertisements Column 1
      1748 30 DSR-SENATOR UNES TO UK/CONTINENT TO MEDFTERRANEAN/CANADA VOY SW LBI HTM OMR NAM MV PU I VtHtL VOT SIM GIT Sl* FO» I W.C I MTH HAJUM PORTLAND WMI3 09m »03 It 01 21 03 30 03 31 13 01 04 PAORC SttATW WMOI3 11 03 20 03 30 03 01
      1,748 words
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      Page 30 Advertisements Column 2
      939 30 Carrier: MNCONTR UNES, INC P. QUDANQ: (07) *****26 I HW J CW NO. IXXM7SOOOM SOU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKTi (21) *****07 MDN: (61) *****3 KUCHING (082) *****1-3 BARCELONA/ GENOA/ IE HAVRE MV "NORASIA SINGA" V.9909-4
      939 words
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      Page 30 Advertisements Column 3
      570 30 LINE Sy A Tit: a»»4S« FAX* mhiii MUARA LABUAN vbsb vor no vissa vor ns tu SPOKMUAM SfOtf UN JPtOSW VO4I/W S4MI 11/03 CARAHAJN332 VOSi/99 MM 12/03 CAtAKA JN332 VO5l/99 11/03 JPtOSTB VOSI/99 10/03 20/03 J PTOSPH VOSf/99 16/03 19/03 CAIAKA JN332 V0«/94 19/03 a/03 CAJtAJU JN337 VO6C/99 19/03 ?2/03
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      1324 31 VESSEL VOY SIN I PRO PEN PQB DUB DAM BHJ B* BIK WAN BABAEI PJLI333 08/03 17/03 18/03 19/03 21/03 23/03 IRAN TAKHTI PJLI337 18/03 24/03 28/03 28/03 28/03 30/03 IRAN LOftESTAN PJLI33B 22/03 31/03 01/04 02/04 04/04 08/04 IRAN TABATABAEI PJLI339 29/03 07/04 08/04 09/04 11/04 13/04 I IRAN
      1,324 words
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      Page 31 Advertisements Column 2
      2057 31 Witkly Sailing to 1 Europe liii Ports I ivory Mowdty iod $«twrdiy* J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE COSTAR SNIPPING PTE LTD nz-oa dis iidg saies/ikgs 420$ss7/60 inward dept (D/O) 420S7SS COSTAR AGENCIES (AA) SDN BHD CK NO:
      2,057 words
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      Page 31 Advertisements Column 3
      588 31 'jrsn EASTERN CAR UNER, LTD. L£j Eg (SINOAPORE) m LTD SZZZL I SPECIALIZE IN RORO t HEAVY UfT UPTO 450 TOWS 1 ECI (SINGAPORE) PTE LTD LOAD NG FOR PORT KLANG/PENANG/BINTULU CALCUTTA/CHITTAGONG/CHENNAI MV "GOLD MEKONG" V.lB MV "CORAL HERO" V.15 ETA SIN 13/03/99 ETA PKL 15/03/99 ETA SIN 18/03/99 ETA
      588 words
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      1371 32 EUROPg/UK/SCAHDINAVIMMHUNOmUBBIA SGP ROM ANW HBG THP ZEE LHV LHV TMP ROM ANW HBG PKL SGP E DECENT RW-008 14/03 02/04 87/B4 03AM IMAM 06/04 07AM I. REFINE RE-818 11/02 13/02 12/02 14/02 11/02 11/03 12/03 E DIAMOND RW-004 21/03 08/V4 13AM 08/ M 11AM 12AM 13AM E REACH RE-022 11/02
      1,371 words
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      Page 32 Advertisements Column 2
      775 32 r PACIFIC INTERNAHOtyU- UNES (PTE) LTD A I SSSSSStU 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: Ifmwpft7ooooE I II"** V 2L m STP wa w w lUNGA TIRATAJ 4 ITW27 12/3 1 J/3 24/3 27/3nJl til 6/A uT77I I I lii I»» i jHHitfl 1 Livßsg
      775 words
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      Page 32 Advertisements Column 3
      444 32 rca* NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY Ml PLU 1 PUR I JN» (FT «Q~ mMUIQUta EO33S 13/03 72/03 21/03 21/03 30/03 02/ M lUim DIUGOW V.017S 73/03 02/04 06/04 OT/M 10/04 mrouvtms vc33S 03/04 12/04 14/04 hah 20/04 soma mason tons 14/04 23/04 21/04
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      472 33 BSA J. M MYANMA wBBk FIVE STAR UNE (MyaiiMar National Dm) v loading for Yangon (Rangoon) vtssa vot sin pkl pen pgu MM GUI VISI SID MARUMTINE V»2W SU> MALATSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL m (03)*****04 PKL HI (03) *****01 PBfc TIL (04) *****02 PGU: m (07) *****21/4 BANK
      472 words
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      Page 33 Advertisements Column 2
      1342 33 HMNEHYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOT SR SOU W IW| ACT I HAM IMVI [VBSa VOTI SOU UH RTM AMT MAR WV PR "SW HTIAMN 31IW 11/03 29/03 03/04 31/03 01/04 NOIBB 0071 11/02 20/02 14/02 14/02 10/03 NOinm 012W 12/03 02/04 03/04 20/03 30/03 BR SSIE IS/02 20/02
      1,342 words
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      Page 33 Advertisements Column 3
      1158 33 (V Hl s oorwagon specohzed ou^ocamen V s ©aaas Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HIAVYUfT SERVICE' VfSSO VOY RAMP HIIGMT SIN LAX OtL NUA SAV ML OtF NYC NfW MOB TOBA F904 4001 ms 4JM ***** 10/04 19/04 22/04 24/04 "WoTWoT 29/04 03/0$ 06/05 TAROMGA F907 4001
      1,158 words
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      765 34 lAMOKOK/MAP TA PHUT/lAIM CHABANO JAKARTA/PAN JANQ VESSEL VOY SIN BKK ~MTP LCH** VESSEL VOY SIN JKT PJN NANTA BHUM" 436N In Pt 13/03 14/03 GURU BHUM 120S In Pt 14/03 KOTARATNA RNA 097 In Pt 13/03 GURU BHUM 120 SB 11/03 14/03 HUNSA BHUM 09S 10/03 DISCH ONLY AKA BHUM
      765 words
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      Page 34 Advertisements Column 2
      529 34 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE va Ivotl wg sin] hi ~m std m ma ul fk ptowawmiAw us ii/mh/m ?i/m Ih/oj w/m oi/m m/o« AUSTwrartm as u/ojw/m 31/oJw/m oyo4 ii/m AW IVOtT lis »/M 27/(0 >4/64 W/64 H/04 IS/04 11/04 tftacmn [10s n/0483/04 |u/o«| u/m|ivm| l?s/04|
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      Page 34 Advertisements Column 3
      913 34 I I VOY I I PKL I JED I MU I LEH HTM I HAM 1 ZEE I SOT VHIEOEAWTABES L3OW 11/03 12/03 20(03 24AH 28/03 30/03 OIAM 02/04 04/04 VM-LE OE VIRQO S3OW 1&TO 17/03 2S/0B 3CVQ3 O&Q4 Q6AM O&Q4 ~1(V04 ~7v04 VMLLEOEVELA N3QW 24/03 25/03 03AM 06/04 13/04
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      Page 35 Advertisements Column 1
      47 35 (Retrieve more schedules!) sj£ Press "1" I Select the port and key in STEfcJ the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by ctb/^ The document will be Shipping times s !U
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      150 37 r mmmarnm free Reader Enquiry Service S»< cut out and Fax to 65-*****29 HmiiuuikxiiMMisn 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: ADVERTISERrPRODUCTS/SERVICES Saw an advertisement in Shipping Times of
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      Page 38 Advertisements Column 1
      172 38 m —m Mit«uJ Q*KL hhumlAdL (FOREST PRODUCTS SERVICE) FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAR EAST EMRQPE $ERVKf VKSa/VOY SIN LAEM CHAIANG MANILA HONGKONG KEILUNG TAW SKN KKU TMA GUARDIAN ANGEL SAIUD SAILED SAILED AJMVOYW4 07/04 09/04 13/04 15/04 LOADING FOB: DON VOYOI6 20/04 22/04 25/04 27/04 SETE/FLUSMNG/ANTWERP/CAGUARY/NCWPORT UK PASCHJAIi
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      Page 38 Advertisements Column 2
      215 38 I shipping imi j FIVI rll lßp IM d 111 LCmlll I LIBYA BENGHAZI TRIPOLI vissit mwi vot.no nkhon «NG*fo»t dumi Ftioci wmt pot khchaa mrou" Ultfl 1333 H.02.W 01.03.W 11.03 H It HCSA»I HO3W M.05 W 07.05.W TAKHTI 1337 05.03. W 15.03. W 25.03. W l« lAGHEH 31.03.W 13.05
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      Page 38 Advertisements Column 3
      197 38 ESP LINES WHKLY ICI AMD FCI SERVICI MUMI F All EAST RWOft OfITTAGOWG. MADRAS lANGKOK. HONG KONG HAJUUK. lOTTEKDAM MMMAY, COUMUO JAKAITA, MAMA UfTWttf, RUXSTOWt CAICUTTA HO ON MINH. HAITWON6 REGULAR COWMMHBSB —OUgMI SEKVKI I YKStI/VOTAW S'fOM JKT SW I UTC St 6 PEMUII /M 24-424 27/07 01/03 09/03 n
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      1015 39 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEI *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 535 6266 Celia/Jessica/Mel Chan/Jeslynn/Dora/Hanlm EQZ339BSDQH i slgs/week E*****31i 2 slg/week [VESSEL I VOY I SIN I JAK [VESSEL IVOY I SIN IPLB
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      Page 39 Advertisements Column 2
      1066 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO |rw|si|wT|sw|iiw|foo|aw|>ow|mt|im|o«f|sAv|Mi¥»|TAw|Hou| Upton orm /o*so 17/03 ?3/03 20/02 04/03 25/03 29/03 00/04 w/04 o; os 10/05 n/os u/os 11/ os 23/ os 27/05 HQtOH MHttVA /M»—--83/M- W/M JlZO3_ -2Lfli _LliM_ JVIH 23/04 26/ M 24/05 27/05 21/05 31/05 04/0* 09/0* 13/04 HOEOH DOIU
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      Page 39 Advertisements Column 3
      635 39 CCC* Singapore Soviet Shipping CPL a Mo lOOSOMOOOON k\\l IMtife* Shipping PL W33 J atfcitfy*»OK VESSEL VOY SIN BOM PNG PKL PERAK 126N 14/03 21/03 01/04 02/04 KOTA RUKUN RKNO3I 20/03 27/03 07/04 08/04 KOTARATU RTUO39 27/03 03/04 14/04 ISAM [VESSEL VOY SIN CALCUTTA SIN MREGINA RGAOBS 10-11/03 17/03 26/03
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      601 40 I VESSEL VOY SIN MAA SIN TIGER ISLAND 691N 12-13/03 18-21/03 26-27/03 TIGER PEARL 692N 16-17/03 22 25*03 30-30/03 TIGER SEA 693N 19 20/03 25-2&03 02-03/04 TIGER BAY 694N 23-23AJ3 29-01/04 0&0604 TIGER ISLAND 695N 26-27/03 01-04/04 09 10/04 TIGER PEARL 696N 30-30/03 05-08/04 13-13/04 I "VESSEL TIGER OCEAN 364CN8
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      Page 40 Advertisements Column 2
      1078 40 JV FREIGHT LINKS EXPRESS T®' *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg LCL DIRECT SERVICE NEW DELHI (INDIA) MERSIN (TURKEY) COCHIN (INDIA) ISTANBUL (TURKEY) ABU DHABI (UAE) IZMIR (TURKEY) For booking, please contact Tol: 1800-*****66 Overseas Offices Hongkong *****113 flms@asiaonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42 kunthida@fleth.co.th Surabaya *****00 He-sub@sby.mega.net.id
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      Page 40 Advertisements Column 3
      1251 40 OOCL (Sinoopore) Pte Ltd CFS Keooel Distrpk 79 Anson Rood #21-04 (S) *****6 Wk 513 #01-128 t M CR NO **********0H Tot 272 7(27 rm ooouaq W: *****13 P.i 221 3942 Foi: 272 7825 ililllir OrientOvwseos Container Line Wakr/iia) Sdn Bhd W«g No: *****2-CI) col PETAL) NG JAYA Tot 03-758
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      141 41 HHBBT* H (0' M LEGEND. R Thunderstorm Temperature o c X\ y Shower Weather Wmd direction with speed m knots Ram >—J Cloudy Sky Wav h «'9 h Surfoce winds ore indicated by arrows which fly with the wind One full circle represents calm or light and variable winds J__
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      77 42 Supply Chain Management Techniques Learn World Class tested Supply Chain Management Techniques that work! [IS-16 March 1999] Kent Ridge Guild House, Singapore IBM Conducted By: Michael P. Novitsky CPIM. President of Professional Consulting Alliance Technical Consultant for the Supply Chain Council Email: http://www.kuhleconsulting.com Hurry Fax: (65) 256 5523 Tel: (65)
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