The Business Times, 16 March 1999

Microfilm: NL21391
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    11 1 !The BusinessTimes MlTA(P^wrn^ 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MARCH 16, 1999
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  • Article
    MARKET SUMMARY
    61 1 Dsn I»4MJ9 (+8.45) □mm (+5.04) PlsmsanrrDßEs U ***** (+2.10) nXABKET MOODe mm Kxed 9P0CK MABKETINDK35 Monday Change KLSE COUP 618.46 -1M4 NIKKEI 15,779.60—+290.74 HANOSENO 10JBMM +*.1 SET INDEX 360.88 >16.09 JAKARTA OOMP—Jna J.62 MANILA COUP 1,***** J.96 TAIPEI WPI 6£9&» +U569 SEOULCOMP ***** +112 CHINA B 466.78 -410
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  • Article
    FINANCE
    80 1 FOBEX SATES US$ St US$ 1.724 £(US$/S$per£) 1.627 1806 HURO(USt/SS per E) 1.094 1.886 DM 1.789 0.964 YEN 118.4 1.456* RM 1800 0.454 HKS 7.760 0122 BAHT 1717 0.046 MJPIAH 8,671 0.020 •St to ICO units raOKE SATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA 28.08 BANGKOK 14.75 MANILA 22.90
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  • Article
    JC-MPH owner wins court stay against HLF
    741 1  -  Eight-week grace for Jack Chia family to work out debt plan with creditors By i Conrad Raj [SINGAPORE] The financial-ly-beleaguered Chiarapurk family, which controls listed Jack Chia-MPH, yesterday won a small but significant victory against the Hong Leong group which is said to
    741 words
  • Article
    Keppel TatLee slashes home loan rate to 4.25%
    422 1  -  By Clarissa Tan [SINGAPORE] Keppel Tat Lee Bank undercut its competitors for home loans yesterday, lowering its promotional first-year fixed rate offer to 4.25 per cent per annum. In a move which indicates the intensity of the ongoing home loan war, Keppel
    422 words
  • Article
    M'sia may lift ban on foreign banks opening branches
    318 1  -  Permission will be given on a case-by-case basis From Ruth Wong in Kuala Lumpur MALAYSIA may end a 25year freeze on foreign banks opening branches in the country, central bank governor Ali Abul Hassan Sulaiman said. "We may allow them to
    318 words
  • Article, Illustration
    Lock icon The car or the stock?
    47 1 [SINGAPORE] Watched by its guests, Cycle Carriage rolled out its new Mercedes-Benz S Class at the Shangri-La Hotel yesterday. And for those watching the share price of the listed motor stock, the picture isjust as nice. Foil report, PglB SIEW YAW HOONG
    SIEW YAW HOONG  -  47 words
  • Article, Illustration
    Lock icon VDH says it has enough working capital
    663 1  -  Ry Ven Sreenivasan [SINGAPORE] Debt-laden Van Der Horst said yesterday evening that it has "working capital resources sufficient to meet the group's current daily operational requirements", hours after its shares were routed on the stock exchange. What prompted the statement and the selldown
    Source: Bloomberg  -  663 words
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      147 1 msn>E TW Prqmtjr Muni Would UOL be better off if it didn't buy Goldhill Square? Lee Han Shih 1 shares his views, Pf 6 Worst ihtwiiig Hie Malaysian property market turned in its worst performance in seven years in 1996, with transactions down some 32% to 186,000 from the previous
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      8 1 A Thai banker's story Full report, Pg 7
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      86 1 JL HHHHUHHHL. I^^^^^^Ubphe^hh' ~^^X^7\ f 181 m^HSH' I fae I Hla I «-ii s- f jtm^titirtir' I MMHHBriHrfSBHi I 53 B I gp "iaf '^s^l VISIT OUR SHOW FACTORY TODAY! Enter from Block 352 Uhi Ave 1 tLflflfl Open Daily (including Sundays) 10am Bpm Hrs I ■R I Paya Übi
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      11 1 Nikkei rise* in liquidity-driven rally, Pg 12 Market reports, Pgs 24-28
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon HDB may lower prices of new flats this year: Hng Kiang
      481 2  -  SCCCI developing 30-storey office block with DBS Land, OCBC gronp at TelokAyer Street By] Marissa Chew PRICES of new HDB flats could be lowered this year in line with lower tender prices, Minister of National Development Lim Hng Kiang
      KEN TAY/ST  -  481 words
    • Article
      Don't differentiate reserves
      143 2  -  LETTERS TO EDITOR Goh Tiong Hwee via Internet Singapore I VIEW with concern the ongoing emphasis on current versus past reserves. To me, reserves are reserves. There is no differentiation under which term it was accumulated. Each dip into the reserves must be based entirely on its
      143 words
    • Article
      Nets clarifies charges imposed on e-commerce
      222 2  -  Theresa Lee Corporate Communications Network For Electronic Transfers (Singapore) Pte Ltd WE refer to Dr Toh See Kiat's speech in Parliament reported under the headline "Set up Internet alternative to Nets" (BT, March 11). He said Nets charges 4-6 per cent for Internet transactions
      222 words
    • Article
      Controversial Mahbubani book a bestseller here
      390 2  -  By' Toh Han Shih A SLIM but controversial book by Kishore Mahbubani, Singapore's permanent representative to the United Nations, titled Can Asians Think?, has made a bigger impact at home and abroad than most people thought likely. The book, published by Singapore's Times Editions
      390 words
    • Article, Illustration
      Lock icon Manufacturing jobs: gloomy outlook
      317 2  -  EYE ON THE ECONOMY Jobs By: Eugene Low THE employment outlook of companies in the manufacturing sector, surveyed during the first quarter this year continues to be bearish, according to the Ministry of Manpower's latest labour market report. For manufacturing as a whole, a net 9
      Source: Ministry of Manpower  -  317 words
    • Article, Illustration
      Lock icon Breaking the ice before the dough
      102 2 Glenn Poh (R), an instructor with the Baking Industry Training Centre (BITC), demonstrating the making of mango mousse cake to some employees of Sumitomo Bakelite Singapore. The mirror above the table enables the students at the back to view the instructions. The baking course
      SIEW YAW HOONG  -  102 words
    • Article, Illustration
      Lock icon Asia-Pac printer shipments shrank US$812m in '98
      479 2  -  Market value falls 25.8%, units down 1.7%: IDC survey By] Raju Chellam [SINGAPORE! Shipments of computer printers of key countries in the Asia-Pacific were down by US$Bl2 million (Ssl.4 billion) in 1998 over the previous year, according to the results of a preliminary
      Source: IDC Asia-Pacific  -  479 words
    • Article
      Tax claims for R&D work cover more bodies
      431 3  -  Firms can choose from 22 approved bodies compared to two previously: EDB By\ Rahita Elias COMPANIES in Singapore can now claim tax deductions for research and development expenses involving a substantially bigger number of organisations. Speaking at yesterday's opening of Pharmacia Upjohn's
      431 words
    • Article, Illustration
      Buckman Lab opens US$4m Tuas plant
      240 3 Regional business seen growing by 10-20% this year US-BASED chemicals company Buckman Laboratories yesterday opened a US$4 million (556.9 million) manufacturing facility in T\ias. The 2,791 sq metre site houses Buckman Asia's production plant, technical service centre, warehouse and offices. The new plant will
      240 words
    • Article, Illustration
      Lock icon Megawati promises clean, respectable Indon govt
      565 3 The Straits Times INDONESIAN opposition leader Megawati Sukarnoputri, quietly confident of securing the presidency this year, has vowed to put up a "clean and respectable" government with the will to restore confidence to a country rocked by a financial crisis and ethnic bloodshed. In
      The Straits Times; SIEW YAW HOONG  -  565 words
    • Article
      5.27% pa returns expected from GE Life's new plans
      252 3 GREAT Eastern Life yesterday launched two new savings plans, Smart Saver and Choice Investment, offering projected returns of up to 5.27 per cent per annum. An endowment rider. Smart Saver, caters to those who are cash-strapped. Choice Investment, on the other
      252 words
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      312 2 D 7492 TW MSClTw«lndexFuture iOption» 'OflO- 000'f ***** J?6» ll»' o*o4p' 136* ZWJ4 *****j| I 876 40 TW M9ClTuw«nlnd«Futun>/Optians H ****** ****** A 277 50 279 00 12 1 3 4995*094 2 60* 219 tO* 276 20 V B C 7710 TW M9ClTuwwilndexFuturei/Optionj 1 279 10* 279J0*" ****** 2T85f1147 061
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      27 2 DRAKE EXECUTIVE SEARCH DRAKE INTERNATIONAL (S) LTD 8 Shenton Way #40-03 Temasek Tower Singapore *****1 Tel (65) 225 5809 Fax (65) 227 0071 Email johnkoh@drakesin.com.sg Website http://vvvvvv.drakeinll.com
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      166 3 Regus is changing the way people work by providing fully furnished, staffed and equipped offices on flexible terms. Your company can be I operational in Singapore or a choice Instant infrastructure, leading edge technology and a professional working environment, tailor made to your 1 changing business requirements. L You can
      166 words
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  • PARLIAMENT
    • Article, Illustration
      S'pore-Indon cooperation intact amid strain in relations
      539 4  -  Vested interest in stability ensures continued relations; S'pore to meet EL officials next month By. Audrey Tan DESPITE the current strain in Singapore-Indonesia relations, Singapore is prepared to work with whoever becomes the president of Indonesia and forms the next government, said Fpreign
      539 words
    • Article
      Govt unveils 2 rules to curb exploitation of foreign workers
      261 4 Firms face freeze on hiring if they have over 2 such workers migging in same year TO deter employers from exploiting their foreign workers, the government will introduce two rules to curb the access of errant firms to such workers.
      261 words
    • Article
      'Manpower industry' on the cards to develop skills
      577 4  -  Training institutions could serve both S'pore and region By* Carol Eng A NEW service sector could develop in Singapore to serve both the country as well as the region a "manpower industry" to develop talent. Revealing this in Parliament yesterday. Manpower Minister
      577 words
    • Article, Illustration
      Lock icon Cyclical recovery won't solve jobless woes
      1034 4 Key to Singapore's structural recovery is to focus on the development of knowledge workers Full text of speech by Lim Swee Say, MP of Tanjong Pagar GRC and National Trades Union Congress deputy secretary-general LAST year in June I was here to express my
      FILE PHOTO  -  1,034 words
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      203 4 Hindustan Petroleum Corporation Limited (HPCL), an oil major in India, is in the process of setting up a 9 MMTPA grass-root refinery in the State of Punjab, India. This project has received Government of India approval and other statutory clearances. This project, estimated to cost approximately R5.10,000 crores (US 2.35
      203 words
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      97 4 WJH SiEr National University of Singapore MP Nanyang Technological University 1 PUBLIC LECTURES fi jffl PROFESSOR MICHAEL SPENCE SI JJffl Lee Kuan Yew Distinguished Visitor B H "GLOBAL ECONOMY AND "INFORMATION TECHNOLOGIES: GLOBAL BUSINESS: TRENDS AND EFFECTS ON nTT? MM THE REALITY AND THE BUSINESSES AND MARKETS" JljJ PERCEPTIONS" Cg
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      585 5 A 20% BONUS! IT'S ENOUGH TO MAKE YOU WANT TO LEAVE THE COUNTRY. -I'v T bS P erfect| y honest th afs the This means that 20,000 Asia Miles earned on your UIV entire idea: Adios. Ciao. Arrivederci. Citibank Cathay Pacific Visa gives you 24,000 Asia Miles JLI Sayonara to
      585 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Novena Square: UOL's bane?
      678 6  -  THE PROPERTY COLUMN UOL and partners UOB and SlngLand suffering big paper losses of almost $320 m By Lee Han Shih LOOKING back, buying Goldhill Square was probably the worst thing that listed United Overseas Land did. For without Goldhill, UOL is unlikely to have been
      678 words
    • Article, Illustration
      Lock icon Clearwater way ahead with 80% sold
      550 6  -  Interest may now shift to Aqu&rins by FCC as Hong Leong is content to wait By\ Marissa Chew WITH another 153 units sold over the weekend, The Clearwater at Bedok Reservoir is now 80 per cent taken up and miles ahead of two other
      FILE PHOTO  -  550 words
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      440 6 For Sale Bukit Batok St 22 4/s production cum 8/s office buildinu 68,800/171,900 sf 30 opt 30 years wef 1996 Ideal for corporate HQ Walking distance to MRT Include gym fr dormitories Sole Marketing Agents Factory In Tuas For Sale Single storey factory annexed to a 3-storey office with a
      440 words
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      23 6 Locate its owner through Classification 821 (Found). Simply call C .A.T.S. at 1800-737-1166 for this free service. Buy h. S«U h. Find h
      23 words
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      128 6 I V Ref. 016 Ref: 022 Aniline Leather. Armchair $2388 Aniline Leather $1188 Pony Skin Sl2BB 2 Seat Sofa $3688. 3 Seat Sofa $4788 ■Ef Mahogany I"" 1 H (Gloss or Matt) with Aniline Leather Ref 033 (Regular) $598 Ref 032 (Large) $1088 Ref 029 (Adjustable height) l Ref 012
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  • FOCUS
    • Article, Illustration
      Banthoon could be last Lamsam in TFB
      2325 7  -  The Lamsams' stake in Thailand's second largest private bank, which the family founded in 1945, has fallen from about 14% to about 7% Reports by Hariah Mehta [BANGKOKI ONCE the Thai Farmers Bank (TFB) encapsulated the very essence of Thai economic dynamism. Now
      2,325 words
    • Article
      Alarm went unheeded
      710 7 Banthoon anticipated a crash bat amidst the early buoyant sentiment, no one listened CALL it bankers' hunch. Banthoon Lamsam anticipated a crash. He sounded an alarm, but nobody listened, for they were busy making money while the Thai economy was growing annually at 9 per cent till
      710 words
    • Article
      What went into the making of a Thai Farmers Bank president
      629 7 A FRAMED photograph of American football coach Vince Lombard! hangs behind Banthoon Lamsam's desk in his corporate office. It's captioned: "What It Takes To Be Number One". The young Mr Banthoon was inspired by those words during the 10
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  • SOUTH-EAST ASIA
    • Article, Illustration
      KL market shrugs off election victory
      675 8  -  SABAH ELECTIONS Stocks slide 2% on economic worries as Jan manufacturing output shrinks 15.7% From Eddie Toh in Kuala Lumpur THE Malaysian stock market yesterday brushed off the national ruling coalition's surprise electoral win in the eastern state of Sabah. The Kuala Lumpur Stock
      675 words
    • Article
      Lock icon Mahathir's ally Osu sworn in as Sabah chief minister
      421 8 KOTA KINABALU Kadazans seen as big losers with Dompok oat AFP A CLOSE ally of Prime Minister Mahathir Mohamad was sworn as the new head of government in the eastern state of Sabah yesterday after the ruling coalition won an important
      AFP  -  421 words
    • Article
      Lock icon Phone call: Habibie may have to answer
      184 8 JAKARTA Bridge News LEGISLATORS at Indonesia's House of Representatives will meet today to discuss whether to summon President B J Habibie so that he can explain an alleged phone conversation between him and Attorney-General Andi Ghalib, House vicechairman Lt Gen Hari Sabarno, from
      Bridge News  -  184 words
    • Article
      Lock icon Anwar expects to be given jail sentence
      497 8 KUALA LUMPUR Ex-finance minister files notice forjudge to disqualify himself Reuters, Bridge News OUSTED finance minister Anwar Ibrahim yesterday said he expects to be sent to jail after his corruption trial, which has stirred unprecedented political unrest in Malaysia. Asked how long he
      Reuters,; Bridge News  -  497 words
    • NOTE Book
      • Article
        Lock icon Cambodia may join Asean April 19
        69 8 AFP [HANOI] A tentative date for admitting Cambodia to Asean has been set for April 19 in Hanoi, the Cambodian embassy said yesterday. "The foreign affairs ministers are very busy, but April 19 has been proposed," an IZ, embassy official told AFP. He added
        AFP  -  69 words
      • Article
        Lock icon Manila says no to zero import tariffs
        45 8 Bridge News [MANILA] The Philippine government will oppose the plans of other Asean member countries to reduce tariffs on imported products to as low as zero per cent next year, a top trade official said yesterday. —Bridge News
        Bridge News  -  45 words
      • Article
        Lock icon Jakarta blames instability for delay
        35 8 AFX Asia [JAKARTA] Finance Minister Bambang Subianto said the government has failed to meet its privatisation target in the year to March 1999 partly as a result of political problems.—AFX-Asia
        AFX Asia  -  35 words
      • Article
        Lock icon Tommy questioned about national car
        60 8 AFP [JAKARTA] A son of former president Suharto was yesterday questioned over the controversial "national car" programme involving his firm. Hutomo "Tommy" Man da la Putra, Mr Suharto's youngest son, accompanied by the president of PT Timor Putra Nasional (TPN) which produced the national Timor
        AFP  -  60 words
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      60 8 t -*g '^jgfQi^ -y^* *so!g£^S' f 5 way electronic f seat adjustment w >; Study these impressive figures and you'll see that it's worth investing in our nc-.v Business Class c /Of c/i O-' c*: js Se.it is the first in the world to offer S-way electronic adjustment to support
      60 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon New law gives China's private sector bigger role
      505 9 BEIJING It is made 'important constituent' of economy by NPC AFP CHINA, which once viewed private property as a crime, yesterday overwhelmingly approved constitutional amendments aimed at putting the private and state sectors on an equal footing. The National People's Congress voted
      AFP; REUTERS  -  505 words
    • Article
      Lock icon Yuan very strong, won't be devalued: Chinese PM
      123 9 BEIJING Reuters CHINA'S currency is very strong and will not be devalued, Chinese Premier Zhu Rongji said yesterday. "The renminbi is now very strong and will not be depreciated," Mr Zhu told a news conference marking the end of China's 11-day annual
      Reuters  -  123 words
    • Article
      Lock icon Foreign reaction to Gitic unjustified: Zhu
      282 9 BEIJING Foreign banks most extend loans prudently AFP CHINESE Premier Zhu Rongji yesterday sought to reassure international financiers who, he said, had been unduly rattled by the bankruptcy of Guangdong International Trust and Investment Corp (Gitic). The case of Gitic now being liquidated following
      AFP  -  282 words
    • Article
      HK jobless rate at 6%, govt warns it'll stay high
      531 9  -  From Loh Hui Yin in Hongkong HONGKONG'S unemployment rate has touched 6 per cent for the three months up to February, with government officials warning that the number of people out of work will remain high in the coming months.
      531 words
    • Article
      Lock icon China to shut down all OTC stockmarkets this year
      313 9 BEIJING It dosed 42 markets and delisted 519 firms last year Reuters BEIJING shut down 42 over-the-counter stockmarkets in 1998 in a crackdown on irregularities in China's securities sector and will close the rest this year, a regulatory official said yesterday.
      Reuters  -  313 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      M'sian property deals dive 32%; prices fall across board
      544 10  -  BTSIAIO9B PROPERTY MARKET REPORT But minister says worst is over, citing 3.5% rise in home transactions in Dec Reports by Diana Oon Abdullah in Kuala Lumpur THE Malaysian property market turned in its worst performance in seven years in 1998, with
      544 words
    • Article
      Sales of homes priced over RM1m halved to 209
      328 10 Average purchase price dips 8%; Selangor most active RESIDENTIAL properties continued to dominate the market last year, with the sub-sector taking the lions' share of total property transactions, at 123,000, or 66 per cent of the pie. The slice has been
      328 words
    • Article
      Grim outlook with glut in office space, retail and hotels
      309 10 Empty office space in '98 was over ten times amount in' 97 THE outlook for office space, retail and hotels continues to be dampened by the oversupply situation, according to the Property Market Report. There was some 836,000 square metres
      309 words
    • Article
      Lock icon Scattered staff protests over Indon bank closures
      447 10 Jakarta bourse suspends trading of closed banks AFP, Bridge News [JAKARTA] Scattered protests by employees greeted the weekend closure of 38 banks here yesterday as the Bisnis Indonesia daily said the Jakarta Stock Exchange would suspend trading of closed listed institutions. "The next
      AFP,; Bridge News  -  447 words
    • Article, Illustration
      Lock icon Yen hits 1-month high, rupiah back below 9,000
      503 10  -  By Larry Wee [SINGAPORE] The yen soared to its strongest in a month as key Japanese stocks hit a 7-month high in Tokyo trading yesterday, all but brushing aside a repeated warning against excessive yen strength. Players said that from an opening
      Source: Bridge  -  503 words
    • Article
      Cautious welcome for passage of key Thai bills
      607 10  -  Move seen boosting investor confidence; debt revamp not easy From Harish Mehta in Bangkok FOREIGN bankers and analysts hailed the passage of ihe Bankruptcy, Foreclosure, and Condominium Ownership Bills by the Thai Senate last Friday, but warned that the government still faced
      607 words
    • Article
      Lock icon Bangkok puts off approval of IMF agreement to next week
      314 10 Reuters [BANGKOK] Thailand yesterday delayed approval of its latest agreement with the International Monetary Fund, sparking rumours of a possible rift with the agency. Finance Minister Tarrin Nimmanahaeminda said the cabinet would not, as previously expected, consider the letter of
      Reuters  -  314 words
    • Article
      Lock icon Danamodal puts 11 more institutions on watch list
      113 10 Bridge News. [KUALA LUMPUR] A special Malaysian agency set up by the government to recapitalise the banking sector has placed 11 more financial institutions on its watch list, according to the Star newspaper yesterday. Danamodal Nasional managing director Mohammed Daud told the
      Bridge News.  -  113 words
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      162 11 What does it take to be a leader in global business? A global partner. For 80% of the world's leading corporations, that partner is Bank of America. Actively doing business in 190 countries, Bank of America has the financial strength and intellectual capital to serve clients now and in the
      162 words
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  • ASIA
    • Article, Illustration
      Lock icon Nikkei rises 2% in liquidity-driven rally
      469 12  -  Low BOJ rates virtually forcing money into stocks, say analysts From, Anthony Rowley in Tokyo TOKYO stock prices continued to surge yesterday, adding credence to the view that the authorities are indirectly targeting the stock market as a means to reverse deflationary trends in
      Source: Bloomberg  -  469 words
    • Article
      Lock icon Japan's Jan current account surplus jumps
      289 12 TOKYO Bnt the 72% rise won't boost sagging growth, say analysts Reuters JAPAN'S trade surplus posted a hefty rise in January, but it is unlikely to become an engine to power the nation's sagging economy back to growth, economists said yesterday. The ministry of
      Reuters  -  289 words
    • Article
      Lock icon Aussie capital gains tax a pain: US group
      197 12 SYDNEY AFP AUSTRALIA'S capital gains tax regime was a key barrier to foreign investment, an 88strong US trade delegation reportedly said yesterday. "It makes it very difficult to imagine how we could get the correct returns on investment that you can get
      AFP  -  197 words
    • Article
      Lock icon S Korea calls for funds to help starving N Koreans
      228 12 SEOUL AFP SOUTH Korea yesterday launched a campaign to raise funds to help feed starving North Korea amid reports famine has killed more than three million in the communist state. But North Korea quickly denied the reports and accused South
      AFP  -  228 words
    • ASIA Notes
      • Article
        Lock icon India bash to feature mock nuclear test
        67 12 AFP [NEW DELHI) India's Hindu nationalist-led government will celebrate its first year in power on Friday with a pyrotechnics display replicating New Delhi's 1998 nuclear tests, a report said yesterday. Officials from the information ministry told the Statesman newspaper the function would also
        AFP  -  67 words
      • Article
        Lock icon Japan wholesale prices falling: agency
        58 12 Bridge News [TOKYO] Japan's core domestic wholesale prices have been falling since the summer of 1997. the Economic Planning Agency (EPA) said in its weekly report released yesterday. The agency said the wholesale prices, excluding foods, oil and coal products and utility charges, fell 0.1
        Bridge News  -  58 words
      • Article
        Lock icon Resist US to cure Japan: writer
        94 12 AFP [TOKYO] Controversial Japanese writer Shintaro Ishihara, who outraged US lawmakers a decade ago with his book A Japan That Can Say No, is now offering the same prescription to cure the ills of this troubled city. The former construction minister is seen as
        AFP  -  94 words
    • Article
      Demographic time bomb set to hit Asia, says report
      345 12  -  SINGAPORE Health costs to rise; retirement saving needs to start now By\ Soh Tiang Keng [SINGAPORE] The demographic time bomb will hit Asia soon, which will lead to rising healthcare costs and compel many people to save now for retirement. This
      345 words
    • Article, Illustration
      Lock icon All geared up for chemical warfare
      51 12 [SEOUL] A South Korean family running from a building supposedly contaminated by a chemical attack during a monthly civil defence drill here yesterday. During this exercise, North Korean planes were supposed to have penetrated South Korea's defences and dropped chemical weapons in the city.
      REUTERS  -  51 words
    • Article
      Lock icon India to open up insurance sector to foreign firms
      230 12 NEWDELHI Overseas-funded projects to get speedier approval AFP INDIAN Industry Minister Sikander Bakht reached out to foreign investors yesterday, saying the government would speed up approval and implementation of overseasfunded projects. "This is part of the government's agenda for further re-
      AFP  -  230 words
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      1295 12 A ARMSTRONG INDUSTRIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Armstrong Industrial Corporation Limited (the "Company") will be held at The Conference Room, 531 Bukit Batok Street 23, Singapore *****7 on 1 April
      1,295 words
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  • THE WORLD
    • WORLD Watch
      • Article
        Lock icon Albanians ready to sign Kosovo pact
        99 13 AFp Reuters [PARIS] Ethnic Albanians are ready to sign an agreement with Serbs to end the conflict in Kosovo, it was announced yesterday after peace talks resumed in Paris. "This is very good news which we welcome," said the peace talks' co-chairmen, British Foreign
        AFp; Reuters  -  99 words
      • Article
        Lock icon Go further in deficit cut, Bonn urged
        100 13 AFP [BRUSSELS] EU finance ministers urged Germany to go further in cutting its deficits in 2002 and warned France that it had cut its deficit-cutting plan too loosely, reports said yesterday. The ministers were particularly critical of the German plan to reduce deficits
        AFP  -  100 words
      • Article
        Lock icon Bonn backs debt write-offs
        54 13 Reuters [BONN] The German finance ministry yesterday said that Bonn supported international debt write-offs for poorer countries, but would only back sales of IMF gold with the approval of the Bundesbank. "We say yes to debt forgiveness, but only to gold sales with Bundesbank support," a
        Reuters  -  54 words
      • Article
        Lock icon Further woes seen for Latin America
        64 13 Reuters [PARIS] Latin America will face further economic slowdown and may be hit by fresh financial turmoil this year, the Inter-American Development Bank warned yesterday. Crises in Asia and Russia cut Latin America's growth by half to 2.5 per cent in 1998 from 5.3
        Reuters  -  64 words
    • Article
      Lock icon Legal tactic will argue AOL aims to be challenger
      346 13 THE MICROSOFT CASE NYT [NEW YORK] Microsoft Corp will counterattack when its anti-trust trial resumes next month by presenting evidence that suggests America Online plans to become a head-on challenger, according to people close to the software company. The Microsoft legal
      NYT  -  346 words
    • Article
      Lock icon Economic rebound likely in H2, says Buba official
      546 13 FRANKFURT This suggests ECB won't cut rates; Jan industry orders show first rise in 6 months Bloomberg, Reuters GERMAN economic growth is likely to rebound in the second half of 1999, Bundesbank council member Ernst Welteke said, suggesting the European Central Bank
      Bloomberg,; Reuters  -  546 words
    • Article, Illustration
      Lock icon Duty calls
      79 13 [CALAIS, France] British student Catherine Gorynfrom the University of Preston on Sunday waiting by the roadside with a soft drink after Channel ferry workers halted traffic through the Channel Tunnel. They were protesting against a plan to scrap duty-free sales in the European Union. The lack of dutyfree
      REUTERS  -  79 words
    • Article, Illustration
      Lock icon Santer warned his head is on the block
      471 13 BRUSSELS EC chief compelled to take decisive action on fraud report AFP EUROPEAN Commission president Jacques Santer was warned yesterday that his head is on the block if he fails to take decisive action over allegations of corruption in Brussels' corridors of
      AFP  -  471 words
    • Article
      Lock icon US wary of greater role for IMF panel
      189 13 PARIS AFP THE US has "considerable reservations" about proposals to transform the International Monetary Fund's (IMF) policy-making interim committee into a decision making body, US Deputy Treasury Secretary Lawrence Summers said here yesterday. He made the comments at a press conference on
      AFP  -  189 words
    • Article
      Lock icon Adopting US dollar has its price: Summers
      437 13 PARIS Countries will lose monetary freedom, US will set terms AFP COUNTRIES looking at taking on the US dollar as their currency would have to consult US authorities and be prepared to live without monetary independence, US Deputy Treasury Secretary Larry Summers said
      AFP  -  437 words
    • Article
      Lock icon S America avoided Asian mistakes in recent crisis: IMF
      239 13 PARIS AFX-Asia LATIN American countries have strongly resisted the effects of recent global financial turmoil partly because they avoided the mistakes made in many Asian countries, IMF managing director Michel Camdessus said. Latin America "has shown a strong capacity, and in
      AFX-Asia  -  239 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
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      Page 13 Advertisements Column 2
      135 13 §The Golden Gate University Executive Master of Business Administration is a rigorous 18-month program. But you need to attend classes only on alternate Fridays (evening), Saturdays (afternoon) and Sundays (full day). So you can balance career, family and study. You'll be challenged and inspired to apply cutting-edge theory to real
      135 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Sometimes, it pays to sleep with the enemy
      805 14  -  THIS BOTTOMLDfE OPINION By Kenneth James The writer is BT's Technology Editor FIRST, there was Singapore and its IT2OOO Masterplan and Singapore ONE; then came Malaysia and its Multimedia Super Corridor (MSC). Now there's Hongkong's proposed HK$l3 billion (552.9 billion) Cyberport Which
      805 words
    • Article
      IN OTHER WORDS
      90 14 'We live in a world with two soft-drink makers, two airliner manufacturers, three toothpaste makers and 180 currency manufacturers.' Ricardo Hansmann Inter-American Development Bank chief economist, after the bank called on the region to consider linking its currencies to the US dollar or replacing them with greenbacks
      90 words
    • Article
      A turning point for Thailand
      715 14 EDITORIAL WHEN Thailand's economic crisis passes, its chroniclers will mark March 12,1999 as a major milestone. With the passage, on that day, of the bankruptcy and foreclosure bills by the legislature, Thailand cleared a huge hurdle on the road to economic recovery. The reaction from
      715 words
    • Article, Illustration
      Lock icon Economic models drift away from real world
      979 14 Problem with new economic geography, say geographers, is its obsession with mathematical tools The Economist THE leading light of the "new economic geography" is Paul Krugman, professor of economics at the Massachusetts Institute of Technology. These days he is widely known for his
      The Economist; FILE PHOTO  -  979 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1036 14 Heart of (foorge Bush Jr ACCORDING to George Bush Jr: "America is not ready to overturn Roe vs Wade because America's hearts are not right. And so, in the meantime, instead of arguing over Roe vs Wade, what we ought to do is promote policies to
      1,036 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Bad fight and worse judging decision
      543 15 BOXING It's a draw against Holyfield bat Lewis is dear winner on audience scorecards LAT-WP [NEW YORK] It was a bad night for boxing. And a good night for promoter Don King. Some things never change. Boxing had its stage and its audience on
      LAT-WP; REUTERS  -  543 words
    • Article, Illustration
      Lock icon Old pals tussle over an Oscar
      1032 16  -  Movie moguls Jeffrey Katzenberg and Harvey Weinstein get on the phone and talk about money, Bernard wexmraub listens in BERNARD WEINRAUB NYT TWO heavyweight moguls in the entertainment business, Harvey Weinstein, co-chairman of Miramax, and Jeffrey Katzenberg, co-owner of Dreamworks, have been locked in
      NYT  -  1,032 words
    • Article
      Lock icon Smoking in pregnancy inked to adult male violence
      276 16 HEALTH Reuters [CHICAGO] Male children born to women who smoke during pregnancy run a risk of violent and criminal behaviour that lasts well into adulthood, perhaps because of central nervous system damage, a study published on Sunday said. The finding was consistent
      Reuters  -  276 words
    • Article, Illustration
      Firmer prices boost golf index to 10-month high
      427 16  -  But buyers cautions despite greater interest: brokers By Ven Sreenivasan [SINGAPORE] The secondary market prices of golf club memberships continued to climb last month on the back of a general pick-up in asset prices, boosting the membership prices of some clubs to
      427 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      577 15 Where to wine, dine and entertain... as WAx Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. *22 (Adult) *15 (Child) for 4 to 5 persons *20 (Adult) *15 (Child) for 6 persons above For reservations, please call 290 8005/299 9011. Prices
      577 words
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      Page 15 Advertisements Column 2
      68 15 4. Savour Teochew Flavours from Shantou at Pine Court Chinese Restaurant 11 TO 2 1 MARCH 1999 Lunch: 12.00pm 2.30pm Dinner: 6.30pm 10.30pm Reservations: 831 -6262/66 Man&f^Ksigapo, r BS mm *m a «wju*T 333 Orchard Road, Singapore *****7 Tel: 737 4411 Fax: 732 2361 Advertise in Wine, Dine Entertain of
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  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      809 15 CBTPTIC CROSSWORD 1 Trouble between two counthere's place for 17 Traded in copper disastrous26 Offer of free cap—seeprelimiwas not planned in advance 1 1 1 1 (14) of us are mending our ways YESTERDAY'S SOLUTION DOWN (4A5) IRICIPIuIBILI I IclAlHMwUlHia 1 Like a square, either side is as 13 Are
      809 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      268 16 Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rental of a wide range of refuse bins Sale and rental of mechanised waste storage and handling equipment Sale and rental of the Green Machine, a ride-behind sweeper from the
      268 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      204 16 THE WEATHER Singapore Partly cloudy and slightly hazy. Showers with thunder in the afternoon over most areas. Temperature (25/32 C) Asls-PmIIIo Lo/HT Good. JfTuakm 2/22 dear Stwihohn -2/1 Sum AudJaad do«K 17/32 dnudy Vimaa -W show? Bantjwk fe*4 far Zunrh V% showers irt! snow Enropt Lo/Hl* Cood. Bowlwy to/to hazy
      204 words
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  • COMPANIES & MARKETS
    • Article
      Acer Int'l profit down 97% on Latin American losses
      482 17  -  Net profits from ACl's operations amounted to $20.8 m By Annette Pau [SINGAPORE] Acer Computer International yesterday said FY9B net profit tumbled 96.6 per cent to $794,000 as huge losses from its Latin American associate wiped out earnings. Net profits from
      482 words
    • Article
      Jardine anticipates more S'pore investments
      408 17  -  MCL Land, HE Land, Dairy Farm looking out for opportunities By] Louis Beckerling [SINGAPORE] Jardine Matheson regards Singapore as an important marketplace and anticipates further investments here, said finance director Norman Lyle. He was in town to address fund managers and analysts on the results
      408 words
    • Article
      Reasons for staying put with Jardine Matheson
      870 17  -  HOCK LOCK SIEW Louis Beckerling POLLOWING on a poor crop of results from the companies in its stable, Jardine Matheson has taken to the road to persuade shareholders to hang on for a recovery ride. The message ought to be heeded for a
      870 words
    • Article, Illustration
      ST Computer net dives 26% to $10m after $4m provisions
      590 17  -  It makes provisions for stock, doubtfnl debts, depreciation; CEO maintains 20% profit growth target By David Boey [SINGAPORE] ST Computer Systems Services yesterday reported that group net earnings for the year ended Dec 31, 1998, fell 26 per cent to
      CHRIS LOH  -  590 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Indonesian bank shake-up: the major casualties
        683 18 The Indonesian government's decision to liquidate 38 banks and nationalise seven has put some of the nation's best-known people out of the banking business. Among those to lose in the shake-up are several of former president Suharto's children, timber tycoon Bob Hasan, business leader
        Source: Bridge News  -  683 words
      • Article
        Teamsphere raising funds to expand overseas
        372 18 [SINGAPORE] Specialist metals group Teamsphere Ltd, which is launching its initial public offering later this month, is raising funds to boost its presence overseas, set up new plants, and upgrade equipment. Managing director Poh Kiat said the company was launching its IPO now as
        372 words
      • Article
        S-class could boost CCL earnings over next two years
        429 18  -  Estimated 500 bookings already made for highermargin new model By i Christopher Tan [SINGAPORE] Cycle Carriage Ltd is expected to get an earnings boost in the next two years from the new Mer-cedes-Benz S-class, traditionally the product with the healthiest margins.
        429 words
      • Article
        Kim Eng injects $23m into Thai unit
        197 18 [SINGAPORE] Kim Eng Holdings has increased its investment in its Thai unit, Nithipat Capital and Securities, by about $23 million. It said yesterday that it raised its stake by subscribing for another 50 million shares of 10 baht each at par and for
        197 words
      • Article
        China Everbright: no deal yet with broker
        175 18 Reuters [HONGKONG] China Everbright Ltd yesterday said it was undertaking a due diligence review of Everbright Securities Co Ltd and its completion was still uncertain. The company had yet to reach agreement with China Everbright Holdings on the consideration and form of payment
        Reuters  -  175 words
      • Article
        PacNet targets Hongkong's private consumer market
        273 18 Bloomberg [SINGAPORE] Singapore's Pacific Internet Ltd said it's boosting its services in Hongkong to attract private consumers after losing out to its rivals in that market. Pacific Internet, commonly called PacNet. has 32,000 di-al-up customers in Hongkong and is one of the five biggest
        Bloomberg  -  273 words
      • Article
        Renong appoints 7 new directors
        384 18  -  Larger than expected team feels talk of chiefs exit Prom Eddie Toh in Kuala Lumpur RENONG Bhd has appointed a larger-than-expected team of new directors, a move that reinforces talk of the imminent departure of major shareholder and executive chairman Halim Saad from the debt-laden
        384 words
      • Article, Illustration
        Corporate scorecard
        64 18 Company results for the year ended Dec 31, '98 Excludes Faimac which changed its financial year-end from May 31 to Dec 31 and hence released results only for seven months ended Dec 31. 1996 Excludes Keppet Hitachi Zosen which also changed its financial year-end from Mar 31 to
        64 words
      • Article
        SIA, Lufthansa to make 2nd bid for Thai Airways stake
        497 18  -  Earlier proposal thrown into uncertainty by Thai minister's comments By\ Felix Chan [SINGAPORE] Singapore Airlines will re-submit a joint bid with Germany's Lufthansa for a stake in Thai Airways International, shrugging off reports that the offer could be jeopardised by
        497 words
      • Article, Illustration
        Nissan edges closer to deal with Renault
        534 19 Reports say Renault board meeting today may discuss making equity purchase Reuters [TOKYO] Shares in Japan's Nissan Motor Co Ltd surged here yesterday as the troubled carmaker edged closer to a deal with France's Renault SA. Nissan's share price, which collapsed last week
        Reuters; AFP; Source: Bloomberg  -  534 words
      • COMPANY Briefs
        • Article
          Wee Poh interim net stamps 77%
          93 19 [SINGAPORE] Wee Poh Holdings has reported a 77 per cent drop in group net earnings to $285,000 for the first six months ended December 1998. Group turnover rose 22 per cent to $70.4 million. The company attributed the profit decline to lower margins from
          93 words
        • Article
          ASJ Hldgs profit up 19.5% to $5.5m
          103 19 [SINGAPORE] Sesdaq-listed ASJ Holdings last night announced a 19.5 per cent rise in group net profit to 15.5 million for the year ended December 1998. This was achieved on the back of a 40 per cent jump in turnover to $49.4 million. The
          103 words
        • Article
          DBS Land unit buys into Shanghai firm
          59 19 [SINGAPORE] DBS Land yesterday announced that its wholly-owned subsidiary Hua Sheng Holdings has taken up an 85 per cent stake in Shanghai Xinqing Property Development. The Shanghai-incorporated company has a registered capital of 42 million renminbi (SsB.7 million) and is undertaking a residential
          59 words
        • Article
          Super Coffemix expands to Taiwan
          72 19 [SINGAPORE] Super Coffeemix Manufacturing said wholly-owned Super Monte Marketing has set up a branch in Taiwan to distribute and market the company's 3-in-l instant coffee mix and 3-in-l instant cereal drinks as well as other instant beverages and convenient food products. Super Coffeemix also announced
          72 words
        • Article
          Overseas sales put Omni Mold in black
          87 19 [SINGAPORE] Omni Mold posted profits of $862,000 on the back of improved overseas sales for 1998 after suffering a $2 million loss the previous year. Revenue grew 34 per cent to $14.1 million from $10.5 million. However, the company's operating profit was cut
          87 words
        • Article
          Details of Armstrong's Soon Lee project
          155 19 [SINGAPORE] Armstrong Industrial Corp yesterday provided more information on its Soon Lee Realty Ltd project. It said the cost of its investment in Soon Lee was $15,000, representing 15 per cent of the equity. There is also an outstanding shareholders' loan of $10,183,521 from
          155 words
        • Article
          Avimo acquires Diverse Optics
          50 19 [SINGAPORE] Avimo Group said it has acquired the business of Diverse Optics for about US$2.5 million (554.3 million). Diverse is a specialist manufacturer of precision plastic optics. In the year to Sept 30.1998, Diverse reported a loss before tax of US$lOO,OOO and had negligible net assets.
          50 words
      • Article
        Hind's profit dives 91% as hotel operations weaken
        196 19 [SINGAPORE] Hind Hotels International, which owns the Imperial Hotel, yesterday said its net earnings last year fell 91 per cent to $587,000, as margins got slashed to 35 per cent from 43 per cent. Group turnover slid 19 per cent to $30
        196 words
      • Article
        Thai Danu board OKs fund raising
        294 19  -  Shareholders to approve 17b baht plan in April Ity Ven Sreenivasan [SINGAPORE] The board of Thai Danu Bank has approved the detailed terms of a 17 billion baht (Ss7B4 million) capital-raising exercise which could eventually increase DBS Bank's stake in the Thai bank from
        294 words
    • INTERNATIONAL COMPANIES
      • Article
        SG, Paribas step up war of words, call BNP move 'vague'
        428 20 Blip's BID FOR FRENCH RIVALS Reuters [PARIS] French banks Paribas and Societe Generale yesterday fired the latest salvo in their war of words with BNP as the predator awaited market regulator clearance for its surprise hostile double-bid. In a
        Reuters  -  428 words
      • Article
        Microsoft, Intel set for telecom tie-up
        358 20 They may join HP, Nortel in telecom equipment business FT [NEW YORK] Microsoft and Intel were expected to announce yesterday a joint attack on the fast-growing telecommunications equipment business, marking their biggest push yet into an industry worth an estimated US$25O billion (Ss43l billion)
        FT  -  358 words
      • Article, Illustration
        Batteries not included
        50 20 [NEW YORK] Children last weekend surrounding a display of the new 'Furby Buddies' at the 'Furby Store'at UStoy chain store FAO Schwarz in New York City. The toy is a soft plush Furby that is smaller than the electronic original, developed by Hasbro's Tiger Electronics division. REUTERS
        REUTERS  -  50 words
      • Article
        Telecom Italia to axe staff as part of defence plan
        492 20 It says talks with unions underway but it cannot confirm 40,000 layoff figure Reuters [ROME] Telecom Italia said yesterday it was planning to cut its staff as part of a defence plan against Olivetti's US$5B billion (Ssloo billion) hostile takeover
        Reuters  -  492 words
      • Article
        BASF expects unchanged sales, earnings to fall in '99
        320 20 Bloomberg [LUDWIGSHAFEN, Germany] BASF, Europe's No 1 chemicals maker, predicted earnings this year will fall with sales unchanged, though it expects economic growth in its major markets will recover by mid-year. For 1998, BASF's operating profit fell by 3.9 per cent
        Bloomberg  -  320 words
      • Article
        India's NIIT aims to follow Infosys to Nasdaq
        372 20 Software education leader plans to list within a year Reuters [KUALA LUMPUR] Indian software education leader NIIT Ltd, encouraged by the US debut of its rival Infosys Technologies, plans to list on Nasdaq within a year, a company official said yesterday. "We
        Reuters  -  372 words
      • COMPANY Briefs
        • Article
          Hyundai to sell 90% of ChipPAC
          78 20 Bridge News [SEOUL] South Korea's Hyundai Electronics yesterday said it has signed a deal to sell a 90 per cent stake in wholly owned subsidiary ChipPAC for US$55O million (*****.5 million) to a US investors group led by Bain Capital and Citicorp Venture Capital.
          Bridge News  -  78 words
        • Article
          Compaq plans Taiwan research centre
          60 20 Bloomberg [TAIPEI] Compaq Computer Corp said it will establish a manufacturing research and marketing centre in Taiwan to help suppliers improve their efficiency, as well as sell integrated products and services to customers in Asia. Compaq declined to provide details about the investment, size or
          Bloomberg  -  60 words
        • Article
          Eurotunnel in black with one-time gain
          77 20 Bloomberg [PARIS] Eurotunnel, which operates the Channel Tunnel between France and Britain, said it earned profit of £64 million (*****.5 million) last year, helped by one-time gains. It was the first profit the company has posted. Eurotunnel suffered a loss of £611 million in
          Bloomberg  -  77 words
        • Article
          Swiss tour operator buys UK firm
          67 20 Bloomberg [LONDON] Kuoni Reisen Holding, Switzerland's No 1 tour operator, said it agreed to buy First Choice Holidays. The merged company will be valued at approximately £1.5 billion (554.2 billion). Under the terms of the merger, Kuoni shareholders will own 53 per cent of
          Bloomberg  -  67 words
      • Article
        Ashton Mining sees doubling of H2 profit on record sales
        375 20 Firm also names Douglas Bailey as permanent chief exec Bloomberg [MELBOURNE] Ashton Mining Ltd, owner of the world's biggest diamond mine, said its second-half profit more than doubled after record sales from the Argyle mine. Melbourne-based Ashton added that Douglas
        Bloomberg  -  375 words
      • Article
        Sony, NBC in talks to forge global alliance, says report
        251 20 Reuters [NEW YORK] Sony Corp executives have spoken with their counterparts from General Electric's NBC network after a published report that the media companies were contemplating a global alliance, a Sony spokesperson here confirmed on Sunday. NBC has been secretly
        Reuters  -  251 words
      • Article, Illustration
        UK may offer £180m to save Rover plant: report
        506 21 A deal with BMW on Longbridge plant will save 10,000 jobs and is expected this week, it says Reuters [LONDON} The British government may clinch a deal with German carmaker BMW over the future of Rover Group's Longbridge plant in central
        Reuters; FILE PHOTO  -  506 words
      • Article
        ING's acquisition plan lifts shares of likely targets
        475 21 US insurers Lincoln National, ReliaStar seen as best fit for Dutch group Bloomberg [AMSTERDAM] ING Groep NV's aim to spend US$lO billion (5517.3 billion) on a US insurer this year has lifted the stocks of potential targets such as Lincoln National Corp
        Bloomberg  -  475 words
      • Article
        DuPont to buy rest of Pioneer Hi-Bred
        193 21 Bloomberg [WILMINGTON, Delaware] DuPont Co agreed to buy the 80 per cent of Pioneer Hi-Bred International it doesn't already own for about US$4O a share in cash and stock to boost its agricultural business, people familiar with the agreement said. The transaction is
        Bloomberg  -  193 words
      • Article
        British Telecom sued for brain damage
        189 21 Its ex-engineer says mobile phone nse led to loss of memory Reuters [LONDON] A former engineer with British Telecom said on Sunday he has sued the company, claiming his mobile phone has left him brain damaged. Steve Corney, 38, said prolonged exposure to the
        Reuters  -  189 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Macquarie Bank exec director to retire
          82 22 Bloomberg (SYDNEY] Australian investment bank Macquarie Bank Ltd yesterday said Mike Beck, the executive director and chief investment officer of Macquarie Funds Management, will retire at the end of this financial year in June. Mr Beck joined Macquarie in 1985 and has been an
          Bloomberg  -  82 words
        • Article
          Sakura to issue shares via overseas unit
          84 22 Bridge News [TOKYO] Sakura Bank said yesterday it planned to increase its capital by issuing preferred shares through an overseas subsidiary before the end of the fiscal year to March 31. Toyota Motor Corp will buy shares worth 10 billion yen (*****.3 million),
          Bridge News  -  84 words
        • Article
          Lloyd's sees no loss in alleged fraud
          72 22 Reuters [LONDON] The Lloyd's of London insurance market has said that there was no evidence it had been infiltrated by organised criminals in an alleged fraud being investigated by US and British authorities. Spokesmen for the international insurance market also said they did
          Reuters  -  72 words
      • Article
        Chiyoda to tie up with US insurer Unum
        293 22 They will sell each other's products in Japan: report Bloomberg [TOKYO] Chiyoda Mutual Life Insurance Co, Japan's eighth-biggest life insurer, said it will enter a "comprehensive" business alliance with US non-life insurer Unum Corp. The two insurers plan to sell each other's
        Bloomberg  -  293 words
      • Article
        Silver prices slip as Buffett clams up on holdings
        269 22 Bloomberg [SYDNEY] Silver fell one per cent after billionaire investor Warren Buffett unexpectedly refused to disclose on Saturday the status of his US$6BO million (Ssl.2 billion) silver stockpile, prompting speculation he may have sold some. Mr Buffett's investment company, Berkshire Hathaway,
        Bloomberg  -  269 words
      • Article
        BankBoston and Fleet to merge in US$16b deal
        890 22 Stock deal will form eighth largest bank in the US with USslBob in assets Reuters [BOSTON] Bankßoston Corp and Fleet Financial Group said on Sunday they would merge in a US$l6 billion (5527.7 billion) stock deal that would create a regional powerhouse
        Reuters  -  890 words
      • Article
        UK banks in £303m plan for new smart cards
        283 22 The 100 m encrypted cards are much harder to counterfeit Reuters [LONDON] Britain's banking system will launch a £303 million (SsBs7 million) plan next month to roll out over 100 million new computer chipequipped credit and debt cards to customers in
        Reuters  -  283 words
      • Article
        Citic Ka Wah Bank may trim HK branches
        192 22 Reuters [HONGKONG] Citic Ka Wah Bank said yesterday that it was continuing to rationalise its Hongkong branch network to boost efficiency and the number of branches might decrease slightly. "However, the overall staff number will not decrease. I believe probably it will
        Reuters  -  192 words
      • Article
        Bank stocks give impetus to futures
        184 23  -  SSMEXReports MS& Singapore Index Bob Butcher, Jardine Fleming BANK stocks pulled the MSCI Singapore Free Index up as the local interbank rates went down. The Singapore economy as a whole and the market in general are not considered as interest-rate sensitive as some other
        184 words
      • Article
        Interest in high-tech stocks boosts futures
        189 23  -  MSCI Taiwan fatures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures surged amid optimism that the strong buying of Taiwan electronics shares by foreign investors may spur interest from local investors. The March '99 contract that moved sideways during the first
        189 words
      • Article
        Oil prices edge up as market dissects output cut deal
        317 23 ENERGY REPORT Reuters [LONDON] Oil prices rose gently yesterday as dealers digested an accord by major producers to make their largest output cut in years to drain glutted markets. International benchmark Brent crude was 19 cents higher at U5512.75 a
        Reuters  -  317 words
      • Article
        CURRENCY REPORT
        343 23 Reuters, Bloomberg London THE yen backed off against the US dollar and euro yesterday afternoon, after markets judged the Japanese currency had gone a bit far in its rally to a one-month high against its US and European counterparts. Traders and analysts said, however, that the yen was
        Reuters,; Bloomberg  -  343 words
      • Article, Illustration
        Untitled
        1321 23 NTERBANK CROSS RATES Mar/S c >mb Curo Ffr Dm HK$ Ind Rs Rupiah Yen Won BM W2$ Nil h Peso S$ Rand Sfr HT$ Nlrt Powd US$ Australia 0 965 6.178 0.578 3.795 1.131 4.902 26.829 54.869 0.749 7.796 2.404 1.186 31.865 24.588 1.091 3.931 0.925 20.936 23.633 0.389 0.633
        1,321 words
      • Article
        Untitled
        1876 23 BOOM FUTURES \t ar 15 RUBBER (Mum dosing as *t 5.30pm) ISS1 CONTRACT 0 ctoh/kq) CtOM VoHim* Opon Mowtfc W«b Low Sett (tonnes) Interest Apr 99 106.50 106.50 106.75 500 150 •toy 99 108.25 ZOO 775 Jim 99 110.00 250 J*/S«p 99 112.75 825 Oct/Oec 99 116.00 225 JenAtor 00
        1,876 words
    • Article, Illustration
      HONGKONG
      1382 24 AFP Fl Hang Seng +35J HONGKONG stocks closed yesterday up 0.3 per cent with strength in two leading issues on acquisition speculation outweighing profit-taking elsewhere, dealers said. Rumours of an impending acquisition by Cheung Kong or its 49 per cent owned subsidiary Hutchison fuelled buying in the two leading
      AFP  -  1,382 words
    • Article, Illustration
      CHINA
      555 24 Reuters B Index -OJ2B SHENZHEN'S hard currency B shares closed down moderately yesterday as investors took profit after sharp gains last week, brokers said. The B share index fell 0.28 points, or 0.59 per cent, to 46.68 as turnover slumped to HK$7.7 million from HK$l5.6 million on Friday. The
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  555 words
    • Article
      TAIPEI
      324 24 Reuters QWPlndex ♦***** ACTIVE buying of Taiwan's electronics stocks by local and overseas investors yesterday helped push the island's share index decisively above 6,500 points to its highest close this year, dealers said. The Weighted Price Index closed up 135.59 points at 6,598.32. Turnover was NT5102.59 billion compared to
      Reuters  -  324 words
    • Article
      WORLD STOCK MARKETS
      2189 24 LONMN Industrials •tar is Fwd 3i Group 6.21 -0.04 Alliad Domacq 4.98 -0.10 A Iliad Zurich an 0.02 Anqlo Amarlcan Gold 23.50 -0.70 ASOA Group 1.45 0.01 A B Foods 4.37 -0.17 A B Ports 2.86 0.01 Bank of Scotland 8.43 -0.26 Barclays 18.32 -0.32 Bass u.,9.27
      2,189 words
    • Article
      TOKYO
      1627 24 AFP Hfflkkei22s ******4 SHARE prices in Tokyo closed 1.9 per cent higher yesterday, coming back from negative territory on bargain hunting and foreign buying, brokers said. The Nikkei stock average of 225 leading issues rose 290.74 points to close at 15,779.60. Trading was active with volume in the first
      AFP  -  1,627 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lower industrial output hits shares
        442 25 AFP. AFX-Asia P Composite Index -1034 MALAYSIAN share prices ended 2 per cent lower yesterday on foreign selling amid concerns over lower industrial output for January, dealers said. The ruling National Front coalition's victory in eastern Sabah state elections over the weekend led to some
        AFP.; AFX-Asia  -  442 words
      • Article
        Untitled
        8537 25 INDUSTRIALS Consumer products 1999 Lilt Vol Day Net Cap Hit* Law Cin—y San 'OOP nm> Law P/t $m» 310 270 AJinomoto 272 is.O 110.2 83 60 Angkasa 60 -1 4 61 60 88.5 283 220 Apollo Food Hlg 220 7.7 88.0 204 136 BeriayaLand 139 1 67 141 139 2.8
        8,537 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2032 26 BOWS, LOANS k WARRANTS KO.UHk Wt HloK Last Vol Day Last Ouot. Avg 7 L 5,1,0 Company Soto *ot- COOO) High Low Buyer Seller Price 'f 3 3,60 A Acer ******1 US$ 115 unch 31 13.5 13 13 13.5 I 35 45 3,64 Acma ******4 16.5 unch 313 17.5 16.5
        2,032 words
      • Article
        Econ warrant vastly overpriced
        151 26  -  WARRANT WATCH -By R Sivanithy LAST week, we wrote about Econ International's warrants which at the time cost 11 cents. Since then, they've performed only slightly, closing yesterday at 12.5 cents. However, even though there's a rumour that the company may be taken over (or its
        151 words
      • Article
        CLOB INTERNATIONAL
        215 26 HONGKONG STOCKS Cf Gf 52 U«t V* 0«y LM« Quot« Mv Otv YM MH MC« I— C—*«Y rOOO) Ht» L— Puyr S«*K CV W 210 T73 5123 COL (2000) MK 210 200 a 4 3 B to ft 40A* 5,24 C atfu y Pac 20c MK— 720 265
        215 words
      • Article
        WELLINGTON
        307 26 AFX-Asia rl Wellington *1(122 SHARE prices closed higher on the back of further gains in Telecom Corp and some other select large caps with the market overcoming earlier losses after a number of companies went ex-dividend, dealers said. The NZSE-40 Capital Index closed up 10.22 points at 2,166.76 on
        AFX-Asia  -  307 words
      • Article, Illustration
        BANGKOK
        896 26 AFP yiscr Index +15.09 THAI stocks surged 4.4 per cent yesterday in heavy trading as investors responded to the passage of the new bankruptcy bill, an analyst said. Analysts said the buying spree reflected higher confidence that Parliament was able to make the tough decisions required to get the
        AFP  -  896 words
      • Article
        SEOUL
        428 26 AFP rl Composite Index +L 22 SOUTH Korean shares closed yesterday slightly up but off their highs as late profit-tak-ing pared early gains from retail interest, dealers said. They said share prices rose from the opening bell on strong retail interest on the back of rising customer deposits and
        AFP  -  428 words
      • Article
        SYDNEY
        668 26 AFP UAH Primaries »2&2 SHARE prices gained one per cent yesterday for a third consecutive record high, ignoring the trend on Wall Street. "It looks like it's heading towards the 3,000-point barrier quickly," Macquarie Nevitts adviser Steve Mayne said. The All Ordinaries Index rose 28.2 points to 2,989.5. The
        AFP  -  668 words
      • Article, Illustration
        JAKARTA
        738 26 AFP n Composite Index -3.62 INDONESIAN share prices closed almost one per cent lower yesterday amid profittaking in large caps with lively activity in the banking sector after the weekend bank closure decision, dealers said. "In general there was renewed interest in banking counters but the index was mainly
        AFP  -  738 words
      • Article
        MANILA
        313 26 AFP n Manila -3^6 SHARE prices inched down slightly in lacklustre trade yesterday, with many investors opting to watch on the sidelines in the absence of corporate developments, analysts said. The Philippine Stock Exchange Composite Index dropped 3.% points to close at 1,941.34. Turnover was 275.58 million shares worth
        AFP  -  313 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6720 27 Transaction date: Mar 15 y.. Qf Qf yy Htoh Law Mb Vfl D«v Last Ouot* Dlv Oty YM Net Cap Avg StWo Company Sala COOP) High Low Buyar Sailer Cvt H P/I $rr>H Prlca MULTMMDUSTRY 262 73 n5 7 5 51 275 »f 5
      6,720 words
    • Article
      SESDAQ
      1340 27 .»"-u. a? nss. 3J2 tUNUFMTUMM 2*9 30 2049 AS Auld 10c 91 -13 152 92 90.5 91 91.5 15 N 7 1.6 8.6 1039 91 79.5 45 2051 ASJHIdgs20c 62 »6 6 62 59 57 61.5 2.5 10-2 0.8 11.9 55 8 59 260 85 2001 Asldmatrli 50c »5
      1,340 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        368 28 Stocks Yirhimt Van dcf Horst w.503,000 Liang HuatWt 6,099,000 *TanChonglnt50c 6,099.000 Liang Court Wt 5,675,000 STEngglOc 5,634,000 Hai SunHup W02 5,236,000 SingTel 15c 3,998,000 Wing Tai 25c 3,956,000 SembCorpI 25c 3.767,000 DBS Land 3,458.000 Stocks DBS Foreign 33,196.004 UOB Foreign 22,467,586 OCBC Foreign 20,938,504 City Dev 50c >9,575,386 DBS 19,235,250
        368 words
      • Article, Illustration
        STI inches up as market trades in narrow range
        647 28  -  STOCK MARKET COMMENTARY Heavyweights and penny warrants see heavy play as broad market waits for Dow to break key barrier By R Sivanithy STOCKS from the two extremes of the price scale proved to be the favourites yesterday, demonstrating once again
        647 words
      • ON THE GRAPEVINE
        • Article
          Saadiyat hits the zone
          78 28 WE'VE just heard that it's not only Australia that's vying to become an international financial centre. The latest entrant to launch its pitch is the United Arab Emirates. The basic idea, it seems, is that Saadiyat, an island off capital Abu Dhabi, will bridge the time
          78 words
        • Article
          House-hunting blues
          104 28 ONE would have thought house-hunting is a cinch in a down market But not for one buyer we know. Our friend was miffed because during negotiations with the seller, she was faxed a copy of a BT article which quoted broker Goldman Sachs as saying prices were on
          104 words
        • Article
          Closing ranks
          141 28 DESPITE the intensity of the competition among Internet service providers, the three players do know when to close ranks and give one another a helping hand when the occasion demands. The ISPs did just that earlier this month when passwords belonging to some Sing Net subscribers were posted
          141 words
        • Article
          Breaking even with zero profit
          103 28 IN an interview last week, Sing Net's director Chang Wai Leong told BT that his company would probably just "break even" for FY1999/2000 following its toll-free offer which is tantamount to a near 50 per cent rate cut. But upon being told that the CEO
          103 words
        • Article
          Time to update
          50 28 YOU would imagine that OCBC Bank would have a centralised customer database. Wrong. A colleague had to write two letters and make two trips—to Orchard and Clementi—to make sure that her address for all her four accounts with the bank, opened with different branches, were properly updated.
          50 words
      • Article, Illustration
        HOT STOCK
        60 28  -  -By! Wong Wei Kong ST Engineering shares cJosed up $0.01 at $1.52 on a volume of 5.63 million shares, compared with its 10-day traded average of 5.61 million units. The daily and weekly RSJ, Stochastics and MACD indicators show the stock in a trading range but with potential
        60 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      61 17 JPgp| |"qS /M, I ||j§g| tire o I sXlr wl?> l SKll? IF Daily to Switzerland and Europe. Travel, they used to say, frees the mind. It still can. So relax. Think your thoughts. And leave everything else to us. 9 VHT Swissair. We care. SWISSQir ♦5 On hard KihiJ.
      61 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      172 19 SHARP Sharp Minds, Sharp Prodvcts. less! /Yew, extra light JSoteVision can All |V 4.5* u oH project lumen brilliance on a big screen VGA and Mac Lqt them gasp, leave them breathless! With the new XG-NV4SM you can project PC and Mac images with plug and play convenience and achieve
      172 words
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      Page 20 Advertisements Column 1
      34 20 Classified First. Looking for a holiday destination jMOr simply getting away from it all? Top of your itinerary: Check The Straits Times Classified First. i CA.TS. I Buy H. Sell h. Find It. rf
      34 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      2523 21 NANYANG FINANCE LIMITED AND ITS SUBSIDIARY COMPANY BALANCE SHEETS AS AT 30 SEPTEMBER 1998 P.™*** 9. LOAN AND HIRE PURCHASE DEBTORS GROUP COMPANY Associated Principal •qotty held group and company Nfllf 1999 188Z 199# 1897 Cflmainj Ktfrilft Co»t to Company by the group 18M IM7 S (Country of (Place of
      2,523 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      40 22 \T)ovs\e and Experience the True Measure of Beauty of the New S-Class Authorised dealer for CI&C snQVEIAUTOMOWE 209 Pandan Gardens Singapore *****9 (Former C&C Showroom) Tel: *****00 f T e 1 T Mon-Fri: 8.30am-7pm, Sat: 8.30am-spin and Sunday/Public Holiday: 10am-spm
      40 words
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      Page 22 Advertisements Column 2
      207 22 New age brbour towage I sc^eme a^°ws licences to other operators Tug TOWdge The Maritime Port Authority whole new ocean of potential Services Singapore's liberalisation for operators and the SHIPPING TIMES scheme now provides port supporting industries. Soecial Fear.ire users with an alternative to Tuesday tug and towage services. Shipping
      207 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      32 25 Classified First. Want a home with a sea view? Or simply seeking a new nest? Check The Straits Times Classified First. ff& i CATS. Buy It. Sell It. Find It. Immmmmmmmmmmmmmmmmaammmmmmmmmammmmmmmmmmmmmmmm- 1
      32 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      589 28 I NOTICES To advertise call toll-free 1800-741 1883 Fax No- 741 I?Qfi DO an HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE DATES £ftJWU E IS h H^ BY !on the Annud General Meeting of the Com P an y will be held at 15 Kian Teck Cresccnt
      589 words
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      Page 28 Advertisements Column 2
      109 28 Trade all over Asia, anytime you want. Call DBS Investor Online at 438-1188 to find out more >I<! XISBANK IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAGUAR AGENCIES PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of
      109 words
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      Page 28 Advertisements Column 3
      192 28 Ijjm The company is growing and we needed more people. We turned to Recruit and found all the people we needed. HYDRO EXPRESS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of It* Compares Act (Chapter 50) that a Final
      192 words
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      Page 28 Advertisements Column 4
      13 28 To advertise your simply lax: 741 1198 or Call 1011-free: 1800 741 1883
      13 words
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  • SHIPPING TIMES
    • Article
      FREIGHT MARKET
      327 29 Bridge News, Reuter THE Atlantic, except for the US Gulf, continues to show firmness in the short term and there is talk of several ships fixed for short periods at firm rates. There was also talk that at least 3 Panamaxes have been fixed for 3 to 5
      Bridge News,; Reuter  -  327 words
    • Article
      MARITIME STOCKS
      265 29 wra X hi CWTOMrttuMM 0.54 &0I tt ChuanHup 0.61 unch 28 Cosco Investment 0.49 -0.02 16 FnWKUnti ON 0.01 3TM MHoMngs 0.37 -O01 3 Hal Sun Hup 0.49 0.02 323 WCHeMngs-HK M0 undt 0 Jaye Holdings 0.59 -CM 30 Jurong Shipyard —6.80 0.09 M KeppeICor* 4.40 unch 1233
      265 words
    • Article
      S'pore now a member of int'l oil spill convention
      519 29  -  Body aims to encourage cooperation in dealing with oil pollution By Marcus Hand [SINGAPORE] Singapore has signed up for an international convention on cooperation and assistance among maritime nations in preparing for, and responding to, major oil spills. Singapore became a
      519 words
    • Article, Illustration
      PSA still the best in Asia
      95 29 [SINGAPORE] PSA executives receiving the Best Container Terminal Operator (Asia) award at the 13th Asian Freight Industry Awards in Hongkong on Friday, the 10th time the port operator has clinched the award. Left to right: Eric Teo, Tanjong Pagar Terminal manager; John Qng, vice-president
      95 words
    • Article
      South-western China now linked to coast by rail, road
      269 29 Reuters [BEIJING] China has "basically completed" a multi-bil-lion dollar railway and highway network to link landlocked south-western provinces to deep-water ports on the south coast, Xinhua news agency reported recently. It quoted officials as saying the scheme would enable impoverished south-western
      Reuters  -  269 words
    • Article
      Antwerp awards terminal deal
      306 29  -  Contracts awarded to CP Ships and MSC-Belgium tie-up By: Felix Chan [SINGAPORE] CP Ships and a joint venture between Mediterranean Shipping Company (MSC) and Belgium operator Hessenatie has emerged winners in the race for Antwerp's two new dedicated container terminals. Covering 56 hectares, the third Scheldt
      306 words
    • Article, Illustration
      Long journey from seabed
      744 30 TITANIC ON DISPLAY An object's composition, weight and fragility are key determinants of if and how it can be recovered from the wreck THE logistics behind moving the massive 20-tonne hull section of the Titanic (known to all involved as the "Big Piece") from Boston port
      FILE PHOTOS  -  744 words
    • Article
      SHIPPING SCHEDULES INDEX
      195 30 PACE ECU Line 6 ACL 6 ECL 5 AMI 3 Ewrgreen 6 Accord 8 F «*>flSun 8 Appenship 5 GLink 4 Austral 8 Gemartrans 6 Baiaji Shpg 4 Hang* 7 BSA T 3 B'tang Mas 8 4 can 7 7 CMA 8 ,CFS 3 COSCO 5 7
      195 words
    • Article
      SHIPPING GUIDE
      18328 37 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage T elepfwne ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Nam. Nam# Number Number SIN Oesfn Nam* Nam* Number Number ■MMNMMMMMMMMMMMMMMMMMMmMMMMHINNMMMKMINNK WKIBHMMaMMMMMMMMHMMHMMHMMMMMMMnMMMMMMMMHWMR 01/04 26/04 Evergreen E. GENTLE 0278-077W 65-*****11 To ABIDJAN (ABJ) 2003 Cot* D'lvolr* 0l/04 27/04 men Hung PROSPERITY CONTAIN
      18,328 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        795 41 Voy No Btrth Afrlvtl Dgpgrtur# Um Ummm *jn alongside 2103/2300 032 J12 alongside 16 03/1200 J"«*Bar» *****9 J02 alongside 15 03/2300 •<** S-O"*! woe J» Mog»k 16 03/1000 "*1™" *****9 J01 alongside 15 03/2300 5 S s ""J" JOl alongside 15 03/»00 *****9 JOl *>WS«)t 16 03/0000 BtW
        795 words
      • Article
        CONTAINER SCHEDULES
        1786 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/BoUnce Rstls SWp Voy Mo Etb/Btr Period From To From aci vwt< am it/noo u tvwoo iv*si is/woo w ivnoo ivhm 8/1900 Hmfml MM 17/1900 M 8/800 8/1699 «M fl 15/1500 15/1659 15/1900 2* 15/1700 16/0659 16/0900 2» 15/1700 16/0659
        1,786 words
      • Article
        GLOBAL HOLIDAYS
        216 41 Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mat 22 Japan: Vernal Equinox Day. Mar 28 Greece: Independence Day. Mir 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 29 Taiwan: Youth Day. Aprl
        216 words
      • Article
        COCKETT BUNKER MARKET REPORT
        752 41 THIS report, compiled by Cockett Marine Oil 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
        752 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        477 41 C**" »0 Mai 998.' 0.6 18.6 0.09 59 0.07 0«mHt Water tUdue Art Mmkkm jgjlggt No above E25 2 0 19 0 0 0 3SO AM 985.9 0J 13.4 0.06 33 0.02 tin* 380 Mm 994.9 0.7 18.9 0.09 65 0.06 UfiTi %1ft H/U %H/M t*U
        477 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        PAL rehab plan calls for US$200m cash injection
        409 42 Investors to get 90% ownership, 60% of fresh equity to come from new financiers Bloomberg [MANILAJ Philippine Airlines Inc, battling to keep Asia's oldest carrier flying, said it gave regulators a revised rehabilitation plan that has the support of two-thirds of its
        Bloomberg; FILE PHOTO  -  409 words
      • Article
        Cathay Pacific sees another tough year ahead
        420 42 Pressure to come from passenger loads and yields Bloomberg [HONGKONG] Cathay Pacific Airways will have another tough year in 1999 with continued pressure on passenger loads and yields, said Tony Tyler, the airline's corporate development director. Mr Tyler said airline capacity in Asia
        Bloomberg  -  420 words
      • Article
        EU ban may slash 15% off resale value of US airlines
        466 42 This is 7 times higher than govt estimates, say analysts Bloomberg [ATLANTA] US airlines could lose as much as 15 per cent on the resale value of their fleets if the European Union bans US-registered planes fitted with mufflers,
        Bloomberg  -  466 words
      • Article
        Supply chain management may offer alternative to business failure
        295 42  -  By\ Marcus Hand [SINGAPORE] Companies face the prospect of going out of business if they do not adopt supply chain management solutions, according to a leading US-based consultant. "The changes will occur or the companies will go out of business: they
        295 words
      • Article
        13 passengers hurt in Korean Air mishap
        376 42 AFP [SEOUL] At least 13 passengers were injured, three seriously, when a South Korean jet skidded off the runway after landing in the south-east-ern city of Pohang yesterday, airport officials said. The Korean Air MD-81 jet, carrying 149 passengers and six crew, careered
        AFP  -  376 words
      • Article
        Kuwait Airways selling part of unit
        308 42 Reuters [KUWAIT] Kuwait Airways Corp (KAC) announced an initial US$2B.B million (Ssso million) purchase bid for one of its firms as a part of a phased privatisation plan of the country's national flag carrier. KAC "agreed in cooperation with (state-owned) Kuwait Investment Authority (KIA)
        Reuters  -  308 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1597 42 OT? M6WT ETA FU6HT HQ $***** 0935 LH6373 2355 MaWOt M73M H90 IA7362 2050 WT• 1650 $026 2355 0f81 1930 Of82 2050 <****** 1650 W779 2359 AN8229 2230 $***** 1650 N24S79 2359 LH6380 2230 M730* 1840 S***** 2359 S0229 2230 W WO Amtartaa KL843 0540 6A972
        1,597 words
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      Page 29 Advertisements Column 1
      11 29 Longjourney from seabed Factors affecting an object's recovery from wreck Pafe2
      11 words
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      Page 29 Advertisements Column 2
      369 29 CCTin has been appointed branch manager of PGODIG Vanuatu Registries Ltd as its deputy commissioner of maritime affairs based in Singapore. The registry administration is in New York. Mr Tan.is also the managing director of Richfield Marine Agencies and its subsidiary companies. He can be contacted on tel: V *****33,
      369 words
    • Advertisement
      Page 29 Advertisements Column 3
      160 29 PAL rehab plan calls for US&JOOm cash injection 60% of fresh equity to come from new financiers Back Page SPECIAL FEATURE AIR KAIL* SHIPPING TIMES •14 APRIL 1999 KEEP YOUR BUSINESS In conjunction with Inter Airport Asia and Exporail Asia 99, Shipping Times, the exhibitions' official newspaper will for the
      160 words
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      Page 30 Advertisements Column 1
      581 30 I SUPER SHUTTLE EXPtttM j 1 J5555 w** «w vtssa voyjuhmmn mo ui cot Ikg sm ooacAurotNu Mwsof 03/03 ji/oi NYK CASYOt 00WS10 10/S 21/03 W/M M/M 14/03 Sl/H OOdJAfAM limn 17/13 04/04 KONBUOVONMI 431 11/03 11/03 12/03 14/03 10/03 23/03 27/13 20/03 OOQ<M I>A 'YSL—J PfcO NtMIOYO lAMAIN 1«
      581 words
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      Page 30 Advertisements Column 2
      80 30 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 hfl --,i JAPAN PORT Hyw KmiM am. pan HYmY Tumi urn vimi I VIS5tl VOY ETPSW ETATYO ETA KOI ETA YOK HAOSA MONTI ROSA ****** 21MA«29 MAR I
      80 words
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      Page 30 Advertisements Column 3
      659 30 Lines 4 services represented IrSm;) by Members of the Registry of Accredited Shipping Agents Ns £»£i> Singapore Shipping Association Members of 9* Singapore Forwarders Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES SINGAPORE to BATAM, BINTAN. KARIMUN SINGAPORE to BAN6KA ISLAND \~J~I SINGAPORE to OLEGON Vm SAMARINDA/BAUKPAPAN/BANJARMASIN TO SINGAPORE MAHIUAUBIC
      659 words
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      Page 31 Advertisements Column 1
      1115 31 Hp^H^HFTC^TCS^^n^^YJ^VHK^ggp^H| SAX SERVICE (MRECT) vcsa w awre lux oak 1 pal hou <w lax |wa»| «i m* MIMMOMTX Old 17/13 01/04 00/04 06/04 07/04 00/04 0»/04 0»/04 09/04 00/04 OITOUMMUg 0241 14/03 ot/04 13/04 13/04 14/04 13/04 14/04 14/03 15/03 15/03 mm 0101 31/03 15/04 27/04 37/04 21/04 27/04 »/04
      1,115 words
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      Page 31 Advertisements Column 2
      2057 31 ©HANJIN SHIPPING likPl tfcMplo. -Mm J2M230 HAJUM SHTPNtG (S) PTIITO h»//— Imp cm MOKHK 37»0?3S 737 SAUS 37*0724 731 DOCUNHT 33*0271 274 OfHUTIOIfS ********** MMN UK *****55 FU *****40 OJMOnS3493OOOOM TO NW USA A CANADA USA CANADA* h* va/vor I ua I imnma/vot sa nw km ni oi isp St
      2,057 words
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      Page 31 Advertisements Column 3
      303 31 KMTC provides LCI consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 220 8558 ShMKLiatfE fcfc *****50 Mil 111 SUffkqA«Md«S*M fac *****10/***** IS (M) 03-*****30 ffmx) 03-*****42 WW-HIMOO (ta) 04-*****44 rZT? 1 MW-J/WIMmKXXM (U> 07-*****01 (hx) 07-*****04 SHREYAS SHIPPING LIMITED, MUMBAI PREMIER WEEKLY
      303 words
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      Page 32 Advertisements Column 1
      1488 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA Ma 181 HTM im HAM WW fU VtSStL VOY II Off gt FO> W.C MTW PUtUAi SWATOB WMI4 It 03 KM MM MM MM (7M MM CMOYANG PHOCNM WM9I4 1103 MM MM MM MM 1«M TRADE HARVEST WOll4 H B 11M 11M M M
      1,488 words
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      Page 32 Advertisements Column 2
      922 32 am MAC-NELS S'PORE M'SIA I Carrier: MN CONTR LINES, INC P. GUOANG: (07) *****26 I PJVy Vvl NO. 1 ********** C 8IBU: (084) *****9 MANILA: (632) *****24 W PENANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKTi (21)*****07 MOW: (61) *****3 KUCHING (082) *****1-3 BARCELONA
      922 words
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      Page 32 Advertisements Column 3
      541 32 LINE My 4 MimMMMiimiii I MUARA ~j LABUAN 1 vnsa m tn m vtssa vor rro cta SPOtl MUAKA SPOtl IM jrtosw WSI/99 17/01 20/03 J PBOSPB VOSt/99 17/03 21/03 (ARAKA *33? VO4I/99 19/03 72/03 (AKAXA *332 VO4I/99 It/03 73/03 JftOSfH VO4E/99 76/03 79/03 J PBOSPB VO4I/99 74/03 10/03 CABAKA
      541 words
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      Page 33 Advertisements Column 1
      1128 33 VESSEL VQV SIN PKO PEW PQB PUB DAM SHJ BA I BIK IRAN 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 LORESTAN 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 1 IRAN
      1,128 words
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      Page 33 Advertisements Column 2
      1706 33 W»»kly Saillif to 1 Europi Main Ptrti I Iwry iowdiy mI fttirdiy* ;;J I ff.NER AL AMNTSj 6 SHINTON WAY TIL 226 1900 FAX: *****08 OUTWARD (»/l) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #17-08 NS HOG SALES/IKGS *****57/60 INWARD MPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD TOWt»
      1,706 words
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      Page 33 Advertisements Column 3
      569 33 EASTERN OUI LINER, LTD. S«nt« Gty Tonr 2, t Ea (SINGAPORE) PTE LTD I SPIQAUZI IN ROUP ft. HEAVY LIFT WTO 450 TONS I Ea (SINGAPORE) PTE UD LOAD NG FOR CALCUTTA/CHfITAGONG/CHENNAI T YANGON/CHITTAGONG MV CORAL HERO V.15 MV "GRACE LUNA* V.6 ETA CAL 25/03/9? ETA SN 28/03/99 ETA YGN
      569 words
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      Page 34 Advertisements Column 1
      1403 34 EUROPEAN K/SCAMDIWAVIA/HHLAWD/WU SStA SGP ROM ANW HBG THP ZEE LHV LHV TUP ROM ANW HBG PM. SGP I c SL^^S^IS? 4 V™ 08/04 13/04 N/W 11/04 12/04 :3JW E "EACH RE 622 11/02 20/02 16/02 21/02 23/02 18,03 19/03 I "LU«R*-«7 26/03 ISAM 20AM 15,04 18/04 11AM 20AM E ROYAL
      1,403 words
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      Page 34 Advertisements Column 2
      1448 34 ArP ADVANCE CONTAINER LINES (PTE) LTD **VL- TEL: *****21, FAX *****19, TELEX RS ***** ACLPI K* BOOKINGS PUEASi CALL: *****22 SALIS A MARKETING *****21-21 OPERATIONS: 2212 MCV *****06 CH NO. *****M0000E ■AKOKOK 1 t>m—»/W—t (T tWIn/HM!) I VOY in I KK VBSE VQY "HN Jig MASW [PAT] 077N 17/3 Wed
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      Page 35 Advertisements Column 1
      445 35 BSfl j. mm MYANMA pBBk FIVE STAR LINE (Myonmar National linn) Loading for Yangoa (Rangoon) VISSIL VOY UN PKL PEN PGU WWW VISI SLD CMNSHWIHAW vnw 17/03 ■MAYSIA AGENTS: OOUSTUD SHIPPING AGENCIES KUI: m (03)*****00 MIL !U (03)37M101 rßt m (04) *****0? PGU: HI (07) *****21/4 BANK LINE (A Mrvkt
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      Page 35 Advertisements Column 2
      1329 35 HMNEHYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY SM SOU w BUS I AWT I HAM lEHI W I [vBSa VOTI SOU I 181 I RIM ANT HAM NY HL SM NOL AMAZOMTI 021W 18/03 05/04 10/04 07/04 01/04 DM S2SC 26/02 27/02 21/02 23/02 17/03 UIOK S26W 19/03 09/04 10/04
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      Page 35 Advertisements Column 3
      1111 35 no«vt*9nn speaoizsd oukxarrmn \L- u- ©§®®e TO NORTH AND LATIN AMERICA "*<*<> HEAVYUFT SERVICE" vessel voy ramp man V lax an mu sav |ul otf nyc new not Itabonga F907 400 Imm 6.3* "m 763" "2276T0T76s 0470T w7os~ oi7or697os~TT7oT wiw TAJKO F906 4001 mm 6JM 11/04 Of/OS 18/05 21/05 23/05
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      Page 36 Advertisements Column 1
      626 36 BANGKOK/ MAP TA HWT/ LAMM CHABANOj JAKARTA/PAN JANG VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN PANU BHUM 33N In pT 20/03 19/03 ANRO OOWA' 078 Pt 20/03~ NANTABHUM" 437N 17/03 20/03 21/03 QURU BHUM 121S 17/03 21/03 KOTA RATNA RNAO99 17/03 20/03 QURU BHUM 121 SB
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      Page 36 Advertisements Column 2
      36 36 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial ParV, Singapore *****5. CR NO: **********Q/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lilt A Project Cargo Tel: 65-276 7996 Fax:os-270 3740
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      Page 36 Advertisements Column 3
      533 36 INDONESIA NATIONAL LINE TO AUSTRALIA *1 FULL COKTMNCT SCtV>CC wl Iyptl rw ail n ro m m* m m mgumma as h/m»/« ii/oa w/w «/m 11/04 VIIVOtT lIS H/M»/« *4/04 W/M 11/04 IS/M U/04 tfIBMUU II H/*4 03/04 !4/*4h*/H 11/94 B/04 muwi |ic" ij/hio/m u/m| |a/HU/>«|»/»«lw/oil FEEDER SERVICE TO INDONESIA
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      Page 36 Advertisements Column 4
      799 36 Ivcsaaa Ivoyimnl pkl jed I mla I l£h I wnx l ham Izb I aor VWXED6VELA HXfH 24T0 2VD3 03AM O&Q4 I&P4 IMM itto4 i»04 VMXE DE BMAWOHAI H3OW 3QQ3 31/03 Mg4 13AM aVO4 21/04 aw avo4 VM£ P-QWON YXHN QftAM 07/04 IgA>4 26AM 27/04 28/04 I*o4 OVO8 VMEDEMB4QBA V3IW
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      50 37 STE§ffc Dial 740-6000 on demandl —(Retrieve more schedules!) Sj^Press-r CT JFk Select the port and key in the four digit code eg: To New York (NYQ 2275 "£> Key in your fax number I your phone number Another innovative service offered by CT The document Will be Shipping Times 5
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      48 39 STEafk Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" C Select the port and key in 5 the four digit code >-JBleg: To New York (NYO 2275 Key in your fax number your phone number Another innovative service offered by rTC The document Will be SHIPPING TIMES
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      138 40 mmaammm I free Reader Enquiry Service 3>< 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
      138 words
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      133 41 LEGEND: R Thunderstorm Temperoture °q X\ v Show«r Weother Wind direction with speed m knots Rom Cloudy Sky Wov height Surfoc* winds ore indicated by arrows which fly with the wind 0 One fu« circle represents calm or kght ond vonoble wind, One half Heche represent, 5 knot, One Ml
      133 words
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      Page 42 Advertisements Column 1
      85 42 _jour24-hourjimant info access centre to shipping services and products. Around-the-clock. Seven days a week. I 740-6000 Press 1 key in Document Code Key in fax number Enter your phone number 1 1 1 '-lit .—i I Business a "d (STC I|| I Ui» ratlo,l 25 May»^ 9 999 1 I
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