The Business Times, 24 March 1999

Microfilm: NL21391
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 04^1^98 85c SINGAPOR E Internet: http://business-times.asial.com.sg/ WEDNESDAY, MARCH 24, 1999
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  • Article
    MARKET SUMMARY
    59 1 Q UKB7 (-4.81) DatSVie) □stsst HUkBKET MOODe STOCHUHET INDICES Tu«*day Change ELSE COUP 101.48 -4J7 NIKKEI l«,OI«.iO 4UJt8 HANG SENG 1UMLI1 -«J3 SET INDEX Mi7i -«Ji JAKARTA OOMP _JtUt +UI MANILA COUP —24M3J7 >&48 TAIPEI WP! 1*4148 -17.71 SEOUL OOMP ***** 41 CLBA CHINA B ittll +I0.O AUST
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  • Article
    FINANCE
    77 1 rmauam us* St IB*— 1.713 X(U8r8tpvX) 1JZ7 1818 EURO(lIS$/SS per K) 1.088 L884 DM 1.7*7 0.964 TEW 118.6 1.461 KM MM 0.4M HKS 7.741 0J24 BAHT S7J1 0046 RJPIAH 8jm Mil* 'Stto Mm* PBIHE BATES 8INOAPORE* „.M» KUALA LUMPUR 1LM JAKARTA J/M RANCH* 147S MANILA wm BONOKDNQ 10JS WIPH
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  • Article, Illustration
    Lock icon SIA looks set to buy half of Ansett airline for A$500m
    1005 1  -  It is expected to take over media baron Murdoch's stake in Australian airline By i Conrad Raj [SINGAPORE] Singapore Airlines appears all set to make its biggest overseas investment by purchasing a 50 per cent stake in Australia's second
    Source: Ansset Gldgs Photo: Reuters  -  1,005 words
  • Article
    Keppel TatLee, Fortis deny rumours of stake sale
    476 1  -  Move follows heavy trading in shares of KTB, Keppel Corp By i Clarissa Tan, R Sivanithy [SINGAPORE] Keppel Tat Lee Bank (KTB) and Dutch-Bel-gian financial group Fortis yesterday denied that they are in talks for Fortis to take a stake in KTB.
    476 words
  • Article
    Interest ebbs in covered warrants
    809 1  -  Volume, price have been declining over past conple of months By] R Sivanithy [SINGAPORE) Barely five months after covered warrants found their way back into the local market, interest in them has rapidly tapered off. Both the turnover and prices of almost all the seven
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  • Article
    CityDev weighs in with 70% fell in profit to $ 123.7m
    744 1  - CityDev weighs in with 70% fell in profit to 123.7m By: Lee Han Shih [SINGAPORE] City Developments yesterday declared a 70 per cent drop in net profit to $123.7 million last year, an outcome it described as "very satisfactory". "The performance, achieved against the backdrop of the worst year in
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      133 1 The US dollar may be looking good, but the Aussie dollar could be a more interesting alternative for currency players, Kb Aim Chan staying so HK Chief Executive Tung Chee-hwa has decided not only to retain Anson Chan's services but also to extend the top civil servant's term up to
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      12 1 Pricing's the key to market for covered warrants in S'pore, Pg 15
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      53 1 Another name change on the cards for Ansett?Pg 17 ij "&X'> htiir. .v. A practical car priced for practical times. A safe bet at SI I 2,9 8 8. r ><.."• mwm k* v>-» > if A" •,v N |v v Wf« >♦ v 1 '*-*K Vn < v vi
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      5 1 Property earnings roundup, Pg 16
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  • SINGAPORE AT HOME & ABROAD
    • Article
      NTUC Income extends 4.25% rate to existing home borrowers
      647 2  -  Insurance giant also slashes board rate to 5.5%, making it lowest in market Ven Sreenivasan HOMEGROWN insurance giant NTUC Income has thrown down the gauntlet in the battle for a slice of the home loans market with promotional rates starting from
      647 words
    • Article
      Motorola mulls design centre in Asia
      292 2  -  By' Teh Hooi Ling MOTOROLA is looking into setting up a design centre in Asia in the next 12 months to cater to the rising demand for embedded computer boards in the region. An embedded board is the set of micro-processing units in a
      292 words
    • Article, Illustration
      Lock icon PM Goh calls for faith, hope, clarify
      518 2 PM GOH IN EUROPE He urges French businesses to position for upturn The Straits Times [PARIS] Faith, hope and clarity. These three words just about sum up the key points of Prime Minister Goh Chok Tong's speech to French entrepreneurs yesterday, when he
      The Straits Times; LIANHE ZAOBAO  -  518 words
    • Article, Illustration
      Lock icon Singapore investors seeking to sell their London property
      506 2  -  By David Boey AS the recession bites, some Singaporean owners of London property have been trying to sell their investments but for vastly different reasons, a UK-based real estate manager said yesterday. lain Crichton, head of marketing and business development at Capital
      FILE PHOTO  -  506 words
    • Article, Illustration
      Lock icon Feb CPI down 0.6% from last year
      286 2  -  EYE ON THE ECONOMY Inflation By\ Eugene Low CONSUMER prices, which have been falling since June last year, persisted in their downtrend in February, falling 0.6 per cent year-on-year, according to figures from the Department of Statistics /r\no\ a. (DOS) yesterday. However, compared
      Source: Dept of Statistics  -  286 words
    • Article
      Offer supply chain solutions for MNCs in region: economist
      272 2  -  Opportunities abound for firms that know Asia, he says By. Audrey Tan SINGAPORE can set itself up as the architect of Asian supply chains, so that global companies will turn to local firms to provide supply sourcing instead of doing it
      272 words
    • Article
      Two million pirated items seized in nearly 700 raids in '98: TDB
      357 2 SINGAPORE last year conducted nearly 700 raids and seized over two million pirated items in an effort to stamp out piracy here, the Trade Development Board said yesterday. The trade board also spearheaded the launch of a public
      357 words
    • Article
      Citicorp eyes more investments in private firms
      378 3  -  It plays venture capitalist in firms like Teamsphere, which launched IPO By\ Carol Eng CITIBANK has been investing in private firms in Singapore, like a venture capitalist, from as early as 1986. This portfolio is now worth US$5O million (SsB6 million) and the
      378 words
    • Article, Illustration
      Lock icon Bid to extend Emporium's debt moratorium to June
      399 3  -  Byl Rahita Elias THE judicial manager of financially-troubled Emporium Holdings, Coopers Lybrand, will go to the High Court today to extend the retailer's moratorium against its creditors to the end of June. The accounting firm applied for the extension on Monday, and
      FILE PHOTO  -  399 words
    • Article
      Affordability's main factor:HDB
      319 3  -  MAXLBAG Tay Kim Poh Chief estate administration and property officer Housing and Development Board WE refer to the letter, "Unfair to earlier buyers of new flats", by Wong Kee Wah (BT, March 17). Affordability is the main consideration in the pricing of HDB flats. The government is
      319 words
    • Article
      NMP's argument to favour local contractors weak
      203 3  -  Henry Tan via Internet Singapore WITH due respect, I feel that NMP Chuang Shaw Peng's argument for government to favour local construction companies over foreign firms is a weak one. In my opinion, once contractors meet certain criteria for a particular project, it
      203 words
    • Article
      Please clarify Hillview redevelopment plans
      94 3  -  Christopher Yap via Internet Singapore I HAVE just read the news about the Selective En-Bloc Redevelopment Scheme at Hillview Estate and that worries me quite a bit. The reason for feeling this way is my recent purchase of a condominium at Glendale Park. What prompted
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    • Article
      Can Singnet cope with higher traffic?
      106 3  -  Phuah Soon Ek via Internet Singapore FOR the past three weeks, the Singnet Internet service has been jammed up starting from around 9 pm to 11 pm. Singnet has been advertising aggressively. I believe Singnet is overloaded and cannot cope with the traffic. I
      106 words
    • Article
      Snap decisions
      61 3  -  Nigel Yeung via Internet Singapore I REFER to the various reports on the property sector. Is there any way Singaporeans can buy properties other than by "snapping" them up? Your statistical analysis shows that of 10,500 properties sold in 1998, 61 per cent were "snapped" up by HDB
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    • Article
      Paper qualifications are just short-term measures
      383 3  -  Chua Chwee Leng via Internet Singapore I REFER to your report of the speech by Lim Swee Say, MP for Tanjong Pagar GRC, "Cyclical recovery won't solve jobless woes" (BT, March 16). I have a few thoughts regarding what Mr Lim said. Training to
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    • Article
      Avoid hassle, delink COE from car
      323 3  -  Edmund Leong Meng Tsi via Internet Singapore A LOT has been said against the Pay-As-You-Bid (PAYB) COE system and the most compelling reason has been the administrative hassle In maintaining such a system. The "winner's curse" is a poor excuse for rejecting PAYB. Meanwhile,
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      Page 2 Advertisements Column 1
      160 2 I 11 ta Sin a P° re fTom 18th 27th March at The Marriott Hotel. 1 I Te,: 735 5800 H'phone: 9791 7444 Email: icrichton@capital-let.co.uk I I Capital Solutions A Letting Management Service with all the right answers for Singapore Investors. I I What s Capital's fee for Letting Management?
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      164 3 Teamsphere launches IPO at 30.5 cents, Pg 17 wkit'i aim ia CBtS' MCWS/ X I* i* S«i4tf Claitiflri tkis niliiii Buy k. Scfl h. Find k. YOUR CITIBANK VISA/MASTERCARD IS THE KEY TO WINNING 9 VOLKSWAGEN GOLF 1.6 A PLUS I MYSTERY CAR. > EVERY TRANSACTION I CHANCE EVERT $100
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon US$ survives test of key supports
      1203 4  -  But Aussie could be an interesting alternative, especially against Sing By Larry Wee THE US dollar emerged a little scratched, but by and large undamaged, despite a week which saw a determined test of key supports for the yen, and a corrective dip for
      Source: HypoVereinsbank  -  1,203 words
    • Article
      Japan seen picking up at last
      836 4  -  Nikkei seen going for 18,000; JGBs likely to remain a good buy till Jane: strategist By Larry Wee AT long last, Japan's economic planners appear to be getting their act together. And this time around, the longawaited, but oft-aborted, Japanese economic recovery could really
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    • Article
      ANALYSIS
      374 4 What could hold back a slide in bond markets in 1900 THE current rally in global bond markets is based on a disinflationary environment and perceptions of weak economic data outside of the United States. There are, however, warnings of downside risks on a multi-month view, as one, the
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      174 4 Polycom Viewstation MP s t ie most affordable, high speed, professional multiple-point group video conferencing system connecting up to 4 sites on videoconference call with built-in teleconferencing capability supporting the latest H. 323 LAN Intranet and Microsoft Netmeeting™ mi j/t Specialty > y* Promotion* A i 5521,999 1 (Inclusive GST)
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      172 5 r ■PiPPPRLD-Class fflßmmsATiON I The Singapore Quality Award (SQA) f I is recognised as the most prestigious r I aUaKK award for business excellence. I Launched in 1994 with the objective of establishing Singapore as a country committed > \1 Tlt I to business excellence, it aims to help build
      172 words
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  • FOCUS
    • Article, Illustration
      Lock icon A president-in-waiting...
      1642 6  -  or a blind pretender to the throne? Whatever he is, the controversial and influential Abdurrahman Wahid is not somebody who can be ignored K.. 1 X 1.1 11 1 xl n Reports by Yang Razali Kassim The writer is BT's regional analysis editor Abdurrahman Wahid must have learnt
      FILE PHOTO  -  1,642 words
    • Article
      'Yes, I have many enemies. But it's important that I do the right things'
      1763 6 HIS eyesight is deteriorating fast, the result of a recent stroke, but Abdurrahman Wahid is as sharp-tongued as ever. BT's Yang Razali Kassim caught up with him recently at his home in Ciganjur, south Jakarta, a
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Thailand projects bullish picture of economy for IMF
      642 7  -  Foreign reserves to hit USs32b, it says, balance of payments ontlook strong From, Harish Mehta in Bangkok THAILAND yesterday presented a bullish picture of its rapidly healing economy, forecasting that its gross foreign reserves would hit US$32 billion (5555.4 billion) to US$34
      AFP  -  642 words
    • Article
      Lock icon Indon official denies capital control plans
      245 7 Reuters [JAKARTA] A senior Indonesian central bank official yesterday denied there were any plans to impose a tax on capital flows or to implement any other capital controls. There have been some media reports that Indonesia, which has long maintained an open capital account,
      Reuters  -  245 words
    • Article
      Lock icon Seoul watchdog controls Korea Life
      239 7 AFP [SEOUL] South Korea's financial watchdog yesterday placed scandal-rocked Korea Life Insurance Co Ltd under administration after an audit revealed its debts exceeded assets by US$2.4 billion (554.2 billion). The move came amid an investigation into alleged embezzlement and illegal transfer of funds by former
      AFP  -  239 words
    • Article
      M'sian bankruptcies up 10%; company wind-ups up 40%
      361 7  -  1998 figures show slowdown not as bad as thought: minister From Ruth Wong in Kuala Lumpur MALAYSIA'S economic slowdown is not as bad as some groups make it out to be, said a minister yesterday after visiting the Official Assignee Department here.
      361 words
    • Article
      Lock icon HK retail sales slump for 15th month
      323 7 Bloomberg [HONGKONG] Hongkong's retail sales fell for the 15th straight month in January as a modest rebound in tourist arrivals failed to offset a slump in domestic spending brought on by declining property values, high unemployment and a shrinking economy. Retail sales fell
      Bloomberg  -  323 words
    • Article
      Lock icon S Korean economy shrinks 5.3% in Q4
      388 7 That means 5£% fall for 1998, dampening hopes for pick-up Bloomberg [SEOUL] South Korea's economy contracted more than expected in the fourth quarter of 1998 due to slower improvement in investment and consumption, suggesting any recovery may fall short of expectations. Gross domestic
      Bloomberg  -  388 words
    • Article
      HK's mortgage default ratio rises above 1% for the first time
      453 7  -  HEMA warns banks to stay prndent in their lending From< Quak Hiang Whai in Hongkong BAD debts from Hongkong's mortgage loans continued to rise, crossing the one per cent level for the first time last month, the Hong Kong
      453 words
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      Page 7 Advertisements Column 1
      90 7 Regus is changing the way people 1 JL' work by providing fully furnished, 1 Jvlll staffed and equipped offices on 1 flexible terms. Your company can be I operational in Singapore or a choice I of 200 centres worldwide, within PHk Instant infrastructure, leading edge ißi technology and a professional
      90 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Axed Indon bank staff want more payment
      241 8 JAKARTA Stndents demand for firmer Abri action to control riots Reuters HUNDREDS of employees of Indonesian banks shut down by the government marched through the capital yesterday to demand higher severance payments. Around 500 protesters marched on the central bank, Bank Indonesia, waving
      Reuters  -  241 words
    • Article, Illustration
      Lock icon BASF to keep investing in region despite tough 1998
      381 8  -  By\ Eugene Low [SINGAPORE] Despite a difficult 1998, German chemicals giant BASF will continue to invest heavily in the region, says Jurgen Hambrecht, member of the company's board of executive directors. BASF yesterday announced a 10 per cent fall in Asia
      CHRIS LOH  -  381 words
    • Article
      Lock icon Judge to give verdict on Apr 6, issues warning to defence team
      531 8 ANWAR'S TRIAL Lawyers refusing to snm np until judge hears application digmiftg hiimmlf Reuters [KUALA LUMPUR] The judge in the corruption trial of sacked Malaysian deputy prime minister Anwar Ibrahim said yesterday he will give his verdict on
      Reuters  -  531 words
    • Article
      Lock icon Jakarta sends reinforcements to try to stop Borneo carnage
      265 8 SINGKAWANG, Indonesia Grisly ethnic violence has claimed 165 lives AFP ABOUT 1,000 military and police reinforcements were flown in to Indonesian Borneo yesterday to help end grisly ethnic violence which has claimed 165 lives and sparked a refugee exodus. The additional
      AFP  -  265 words
    • Article
      Lock icon Media barred from pig-shooting exercise
      330 8 KUALA LUMPUR Many not showing up for vaccination on talk that it's not JE, but it is JE: minister Reuters MALAYSIA sent in more troops yesterday to shoot over 300,000 pigs in a bid to stop the spread of a deadly virus and blocked media
      Reuters  -  330 words
    • Article
      Lock icon Asia still 10 years behind US in online commerce
      359 8 SINGAPORE Region's corpor&tes must move faster, conference told AFP ASIA is lagging 10 to 14 years behind the US in electronic commerce even though the region is showing increasing commitment to the Internet a conference was told yesterday. Information technology professionals
      AFP  -  359 words
    • NOTE Book
      • Article
        Lock icon Labuan nod for US$330m mutual funds
        78 8 Bridge Nods [KUALA LUMPUR] Two mutual funds with a total flind size of US$33O million (***** million) have received provisional approval to be registered in Malaysia's offshore financial centre of Labuan, the Labuan Offshore Financial Services Authority said yesterday. The fluids were, however, not
        Bridge Nods  -  78 words
      • Article
        Lock icon Asean,EU to hold talks in May
        81 8 AFP [BANGKOK] Asean and theEU have agreed to hold their first talks in two years despite a row over Myanmar which has poisoned inter-bloc relations, a top European Union official told AFP yesterday. "The meeting will go ahead in Bangkok in mid-May," said Michel
        AFP  -  81 words
      • Article
        Lock icon Indon ministers can campaign for June
        90 8 Reuters [JAKARTA] Indonesian President B J Habibie has said ministers can campaign in the run-up to the June election, State Secretary Akbar Tandjung said yesterday. "The president has approved the ministers for campaigning except five ministers," he told reporters. The five senior ministers could
        Reuters  -  90 words
      • Article
        Lock icon Japan gives Vietnam low interest loans
        65 8 AFP [TOKYO] Japan is to grant Vietnam low-interest loans of more than 10 billion yen (***** million) as well as preferential trade treatments under Most Favoured Nation status, reports said. Prime Minister Keizo Obuchi will outline the plans in talks with Vietnamese Prim* Minister
        AFP  -  65 words
  • Page 8 Advertisements
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      255 8 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
      255 words
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  • CHINA – HONGKONG – TAIWAN
    • SINO Briefs
      • Article
        Lock icon Gxitico has US$740m foreign debts
        64 9 AFX-Asia [HONGKONG] Guangzhou International Trust and Investment Corp's foreign debts totalled US$74O million (Ssl.3 billion) as at the end 0f1998, compared to its total liabilities of US$2.4 billion, the Ming Pao Daily reported. The report quoted an unnamed source as saytng that overdue foreign debts
        AFX-Asia  -  64 words
      • Article
        Lock icon Taiwan jobless rate falls
        83 9 Bloomberg [TAIPEI) Taiwan's seasonally adjusted Jobless rate fell to 2.70 per cent in February, the second consecutive decline, as economic growth headed off a jump in unemployment. In January, the unemployment rate fell to a seasonally adjusted 2.97 per cent from a 13-year high of 3.06
        Bloomberg  -  83 words
      • Article
        Lock icon China telcos likely to get Net nod in H2
        85 9 AFX-Asia [HONGKONG] Chinese telecommunications companies awaiting approval from the Ministry of Information Industry to start Internet phone services will possibly obtain licences in the latter half of tills year, the official Xinhua news agency reported. In a report monitored here, Xinhua
        AFX-Asia  -  85 words
    • Article
      Lock icon Rise in smuggling of diesel into China from HK, say traders
      262 9 SINGAPORE Reuters SMUGGLING of key oil product diesel into China from Hongkong has increased in recent weeks, prompted by potential windfall profits, oU traders said yesterday. Commercial terminal operators said they have seen strong demand for diesel, which they
      Reuters  -  262 words
    • Article, Illustration
      Lock icon Anson Chan to stay in job till 2002
      766 9  -  Top civil servant's retirement at this time not in HK's interest, says Tung From Loh Hui Yin in Hongkong CONTRARY to earlier speculation, Hongkong Chief Executive Tung Chee-hwa has decided not only to retain Anson Chan's services but also to extend the
      REUTERS  -  766 words
    • Article
      Lock icon Hopes of saving Gitic fade as liquidators start selling assets
      319 9 MHONGKONG Creditors scramble to draw np revamp plan for April meet Reuters {HONGKONG] Hopes that Guangdong International Trust and Investment Corp (Gitic) can be saved are fading fast as an April 22 creditors' meeting draws near and liquidators start disposing
      Reuters  -  319 words
  • Page 9 Advertisements
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      170 9 m EPSON r 'T the power to cre ate Break the speed barrier. V THE NEW EPSON STYLUS COLOR 900. Ultra-high speed colour printing to take your business to another plane. speed is of the essence. And speed is the essence The smallest it.k droplets i3ph of an ,m< et
      170 words
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  • ASIA
    • Article, Illustration
      Lock icon 'Dolly' doners get NZ nod to breed transgenic sheep
      509 10 WELLINGTON Scottish scientists will raise flock of up to 10,000 engineered to produce human protein in their milk AFP THE Scottish scientists who cloned "Dolly" the sheep yesterday won permission in New Zealand to create huge flocks of sheep genetically engineered
      AFP  -  509 words
    • Article
      Lock icon Howard honours 'mateship' in draft preamble
      486 10 CANBERRA But fails to explicitly recognise Aborigines' role in history Reuters AUSTRALIA'S conservative government released a new constitutional preamble yesterday honouring both indigenous culture and the more modern concept of "mateship". But the draft preamble, released by Prime Minister John Howard, failed to explicitly
      Reuters  -  486 words
    • Article
      Lock icon India's industrial growth continues to fall
      248 10 BOMBAY AFP [BOMBAY] India's industrial growth rate fell more than three percentage points in the nine months to December 1998 from the corresponding period the previous year, reports said yesterday. According to the finance ministry, industrial production growth fell to 3.5 per cent between
      AFP  -  248 words
    • Article, Illustration
      Lock icon An act of courtesy?
      23 10 [KWACHON, South Korea] South Korea's Finance and Economy Minister Lee Kyu Sung (left) and other senior officials convins REUTERS
      REUTERS  -  23 words
    • Article
      Lock icon Australia plans more powers for regulator to limit Telstra monopoly
      392 10 CANBERRA Bloomberg AUSTRALIA wants to give its antitrust regulator powers to take quick legal action against Telstra, the nation's No l telecommunications company, to prevent it from abusing its monopoly powers. The move would help pare back Telstra's ability to
      Bloomberg  -  392 words
    • Article
      Lock icon Major advances in draft of new Indian telecoms policy: official
      265 10 Reuters [NEW DELHI] An Indian government panel has approved the draft of a new telecommunications policy which proposes a mix of revenue-shar-ing and entry fee payment for private operators, officials said yesterday. "The draft has been cleared. Major advances have
      Reuters  -  265 words
    • Article
      Lock icon Aussies spending big to draw tourists
      279 10 NEW YORK Country expects hosting 2000 Olympics will help Bloomberg AUSTRALIA intends to use one of the largest budgets in the world a government grant of A 1141.4 million (*****.9 million) and about the same amount from the private sector to lure more visitors
      Bloomberg  -  279 words
    • ASIA Notes
      • Article
        Lock icon NZ to get first woman chief justice
        77 10 AFP [WELLINGTON] New Zealand yesterday named its first female chief justice—Sian Elias. Prime Minister Jenny Shipley said in a statement that Ms Elias would take up her appointment in May on the retirement of Thomas Eichelbaum. "Sian Elias is being appointed because of
        AFP  -  77 words
      • Article
        Lock icon Spare another election, Goans urge
        69 10 AFP [NEW DELHI] Voters in a tiny Indian state are campaigning against new elections, saying they were sick of party-hopping politicians, newspapers reported yesterday. Several citizens groups told chief election commissioner M S Gill that they would prefer New Delhi to extend direct federal rule
        AFP  -  69 words
      • Article
        Lock icon Sri Lanka GDP up 4.7% in 1998: paper
        60 10 Reuters [COLOMBO] Sri Lanka's gross domestic product is estimated to have grown 4.7 per cent last year, lower Hmp a government forecast of 5 per cent, said the state-owned Daily News yesterday. "Sectors such as agriculture, manufacturing, construction and telecommunications had powered
        Reuters  -  60 words
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  • THE WORLD
    • Article
      Lock icon Justice Dept takes tough line on Microsoft move
      506 11 THE MICROSOFT CASE Official: Deal must address charges that firm abused monopoly power FT [WASHINGTON] The US Justice Department on Monday adopted a tough stance towards overtures by Microsoft on talks to settle the long antitrust trial of the world's largest software
      FT  -  506 words
    • Article
      Lock icon Brown welcomes drop in UK inflation to below 2.5%
      403 11 LONDON Bloomberg UK Chancellor of the Exchequer Gordon Brown welcomed figures yesterday showing that the annual rate of inflation fell below the government's 2.5 per cent target in February for the first time, indicating that the target will be met for
      Bloomberg  -  403 words
    • Article
      Mass resignation of EC to dominate EU summit
      620 11  -  Pressure mounts to name new team, clear budget reform From Shada Islam in Brussels LAST week's mass resignation of the European Commission following allegations of fraud and nepotism looks set to dominate a European Union summit starting in Berlin today. EU leaders
      620 words
    • Article, Illustration
      Lock icon Unloading his EU problems
      45 11 [BORDEAUX] A farmer unloading his cattle yesterday at the Bordeaux administrative centre during a demonstration to protest against the European Union agricultural reform package. Farmers plan to block many administrative centres in France before the European Union summit in Berlin. REUTERS
      REUTERS  -  45 words
    • Article
      Lock icon SEC may lack staff to stop Internet fraud
      275 11 WASHINGTON Watchdog has seen rise in complaints, say govt auditors Bloomberg SECURITIES regulators may be ill-equipped to stop the increasing number of fraudulent investment scams that use the Internet to lure unsophisticated investors, government auditors said. The US Securities and Exchange Commission
      Bloomberg  -  275 words
    • Article
      Lock icon One in 20 UK judges admit being freemason
      218 11 LONDON AFP ONE in 20 judges in Britain has admitted to membership of the secretive freemasons' society, the British government announced late on Monday. Junior Justice Minister Geoff Hoon said a similar proportion of magistrates had said they were freemasons, in responses
      AFP  -  218 words
    • Article
      Why Shakespeare was Clinton's and America's favourite film
      870 11  -  LETTER FROM WASHINGTON Oscar winner seen reflecting nation's political, cultural mood By Leon Hader THEY were probably celebrating in the White House on Sunday night, after the Oscar ceremony in Los Angeles ended with a surprise of sorts. Shakespeare in Lave, an
      870 words
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      Page 11 Advertisements Column 1
      194 11 A GOLDEN GATE UNIVERSITY EMBA Introducing the Golden Gate University Executive Master of Business Administration (EMBA). i It is a rigorous 18-month program. i But you need to attend classes L only on alternate Fridays (evening), (afternoon) and Sundays y). So you can balance family and study. ring the American
      194 words
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      Page 11 Advertisements Column 2
      134 11 I Important Question for the CEO I Have you been awarded the I Y2K Certificate? I A prudent CEO like yourself does not leave things to chance. Your accounting software may crash on January 1, 2000 and this could have disastrous consequences for YEAR 2000 READY your company. Insist on
      134 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Are Aussies rich enough to snub Bay watch?
      725 12  -  THE bottom love OPINION By Shahiron Sahari The writer is a Sydney-based journalist who contributed this article to BT THE Australian economy is doing so well that some people are turning down business and tourism opportunities. The Baywatch vs Avalon episode is
      725 words
    • Article
      IN OTHER WORDS
      150 12 In particular, my decision to sell McDonald's was a very big mistake. Overall, you would have been better off last year if I had regularly snuck off to the movies during market hours.' -Warren Buffett the world's second-richest man, in his annual letter to shareholders of his
      150 words
    • Article
      Keeping Indonesia intact
      648 12 EDITORIAL SINCE the fall of former Indonesian president Suharto last May, there has been rising evidence that some of its far-flung provinces want to go their own way. Stories about the intensifying economic crisis have gradually made way for horrific accounts of violence that has flared up
      648 words
    • Article, Illustration
      Lock icon Plenty to worry about in American bull market
      915 12  -  Wealth effect may lead to more spending and spark inflation, making Fed raise interest rates By i George Marotta The writer is a fellow at Hoover Institution at Stanford University LAT-WP AMERICANS live in very prosperous times. The economy has been expanding
      LAT-WP; FILE PHOTO  -  915 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1078 12 Chwui upsets the people THE Thai prime minister has given Field Marshal Thanom Kittikachorn an honorary military title to add to those he awarded himself. As a politician regarded as a man of the people, Mr Chuan has overlooked the feelings of a wide body of
      1,078 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Another three for Hall of Fame
      443 13 GOLF Ballesteros, Alcott and the late Mangrum are the latest inductees Reuters [ST AUGUSTINE, Florida] Seve Ballesteros, the charismatic Spaniard who won three British Opens and two Masters titles, joined Amy Alcott and the late Lloyd Mangrum on Monday as the newest inductees to
      Reuters; FILE PHOTO  -  443 words
    • Article, Illustration
      Lock icon Weinstein's in love—with winning
      1139 14  - Weinstein's in love —with winning Rivals accuse studio mogul of upping the ante by spending millions to promote 'Shakespeare', says bebmardweimraub BERNARD WEINRAUB NYT THE post-Oscar King of Hollywood lives in New York, behaves like an old-time studio mogul and has plenty of enemies. Especially Monday morning. In the aftermath
      NYT; REUTERS  -  1,139 words
    • Article, Illustration
      Lock icon Ha vinto! And all of Italy rejoices
      979 14 Benigni's Oscars give Italian cinema a boost; even the prime minister is pleased NYT [ROME] It was 4am when the news hit the Casa del Popolo, a social centre in Vergaio, Roberto Benigni's hometown in Tuscany. As a giant screen, set up for
      NYT; AFP  -  979 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      146 13 Where to wine, dine and ijfß^ All the fresh oysters you can eat! Help yourself at our carving station then feast over a lavish buffet dinner complete with appetizers, soup and tempting desserts. Complement your meal with a specially priced wine-by-the-glass. Dinner: Monday Friday I j Time 6 00 P*
      146 words
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      Page 13 Advertisements Column 2
      79 13 r ,IoL I available for: I private parties company dinner and dance I conference I seminar and meeting. HOTEL QRAND CENTRAL LIMITED I 22 Orchard Road/Cavonagh Road, I Singapore *****7 I Tat 737 9944 Fax: 733 3175 I depend on predictions. Advertise in Wine, Dine Entertain of The Business Times
      79 words
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      Page 13 Advertisements Column 3
      1 13 AND
      1 words
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      Page 13 Advertisements Column 4
      167 13 I One of the best places to enjoy nonya food is St. Gregory's Brasserie. Our chef won't aisappoint you with his buffet spread of Nonya specialities, including Kueh Pietee, Ayam Buah Keluak, Otak Otak, Udang Assam, Yang Tau Foo Lemak and Apom Berkuah, that vary every day Daily Nonya Lunch
      167 words
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      Page 13 Advertisements Column 5
      128 13 Food Wine Festival 1 -31 March 1999 We bring you the grandeur of this French region at Top of the M' Jhp Revolving Restaurant OfMfe Bon Appetit! ilz Revolving Reservations: 831-6258/88 19th floor r SB Mandarin |Jj Singapore ««3<c3«ai 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361
      128 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      775 13 CRVFTIC CROSSWORD 27 Happen«) to live by Lakeside mountain (6) 28 Mistrusts those questioned 7 one receiving guarantee of YESTERDAY'S SOLUTION by police? (8) concert, I understand (8) i ImlbleldldlqMnM DOWN 14 The main cause of Mase- [oWsMoU eMamrMTBB 1 Imposing bird leaving US .jrl!)! 18^' 3 football championship (6)
      775 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      111 14 J 71] 71\ J All MB ii h\ dII fl WEDNESDAY, HTIfiRCH 31, 1999 I /If inTER-connnEriTflL HOTEL |l Ij\j" 5 VI a3O ra P m A CJL _\J uL_I L' U Space s limited. Register early by phone or fax. Please contact (Tlershal seah or Renee Tan at: RSSET
      111 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Van der Horst gives reasons for disclosure lapses
      735 15  -  It did not promptly announce recall of $151mACN for fear of causing panic By: Lee Han Shih [SINGAPORE] A week after the stock exchange asked Van Der Horst to explain what appears to be a series of disclosure lapses, the company yesterday
      FILE PHOTO  -  735 words
    • Article
      CSA's parent aims for 18-20% growth
      348 15  -  It believes in leaving CSA to do what it knows best By] Kenneth James [SINGAPORE] For CSA Holdings, it's going to be largely business as usual for the next few years, and new parent Computer Sciences Corp (CSC) isn't complaining. CSC chairman Van B
      348 words
    • Article
      Pricing's the key to market for covered warrants in S'pore
      731 15  -  HOCK LOCK SIEW R Sivanithy DESPITE the best efforts of the Stock Exchange of Singapore to educate brokers, and attempts by big players like Merrill Lynch, SG Securities, DBS Bank and Deutsche Bank to drum up interest, there are worries
      731 words
    • Article, Illustration
      Lock icon UIC shares surge further 2% in heavy trade
      609 15  -  Wee Cho Yaw buys second lot of shares; Salim says deal is on By Ven Sreenivasan [SINGAPORE] UIC shares and warrants continued to ride higher in the wake of speculation over a possible tussle for control of the company by its two
      Source: Bloomberg  -  609 words
    • CORPORATE RESULTS
      • Article, Illustration
        Recovery in FY2000 seen for most property firms
        1024 16  -  FT99 turnarounds widely expected for DBS Land, MCL Land, Keppel Land By< Ang Wan May [SINGAPORE] This year will see some property companies returning to the black but the bulk of recovery in earnings will only come through in FY2OOO, say analysts.
        1,024 words
      • Article
        SBS earnings surge 79% to $39m, outpacing forecasts
        595 16  -  Fare hike from 1997, cheaper fuel help to boost results ffyi Christopher Tan [SINGAPORE] Higher fares and cheaper fuel helped boost Singapore Bus Services' earnings by more than $10 million. Other operational improvements, a higher number of bus advertisements and an increase
        595 words
      • Article, Illustration
        Lock icon Heshe still in the red; loss at a lower $ 1.4m
        461 16  - Heshe still in the red; loss at a lower 1.4m Forex provisions, corporate building losses among factors By'. Rahita Elias [SINGAPORE] Sesdaq-listed Heshe Holdings continued to bleed at half-time as losses from its corporate building, associate units and forex provisions ate into earnings. In the six months to last December,
        FILE PHOTO  -  461 words
      • Article
        Asia crisis dampens Super Coffeemix
        225 16  -  By I Soh Tiang Keng {SINGAPORE] Super Coffeemix Manufacturing suffered a group net loss of $6 million last year as its business was hit by the Asian economic crisis. In 1997, it enjoyed group net earnings of $4.5 million. Last year, group turnover fell 21
        225 words
      • Article
        Pacific Century RD net drops 68% as minorities rise
        284 16  -  By\ Marissa Chew [SINGAPORE] Pacific Century Regional Developments, the Singapore-listed arm of Hongkong's Pacific Century Group, yesterday posted a 68 per cent fall in net earnings to $674,000 for 1998, largely due to a hike in minority interests. The company made
        284 words
      • Article
        Property provisions hit Eltech, but FY9B loss fails to $3.6m
        366 16  -  By. Annette Pau [SINGAPORE] Eltech Electronics posted net losses of $3.6 million for 1998, compared to a $6.3 million loss a year ago. Directors blamed the losses on substantial provisions for its real estate business which "more than offset" group
        366 words
      • Article
        Lee Kim Tah net up 45% to $3.4m
        217 16 [SINGAPORE] Construction and property company Lee Kim Tah yesterday reported a 45 per cent jump in earnings to $3.4 million for the year ended Dec 31,1998 despite a sharp drop in turnover. Completion of a smaller number of construction contracts and reduced
        217 words
      • AT A GLANCE
        • Article
          Twinwood $908.000 the red
          60 16 [SINGAPORE] Twin wood Engineering yesterday reported a $906,000 net loss for the year ended Dec 31, against a profit of $4.8 million in 1997. Turnover plunged 54 per cent to $9.6 million. Loss per share came to half a cent while net tangible asset backing per
          60 words
        • Article
          SMB earnings slip 15% to $8.2m
          69 16 [SINGAPORE] SMB United has posted a 15 per cent drop in net profits to |8.2 million for 1998. This was despite a 27 per cent rise in turnover to $77 million. Earnings per share fell to two cents but net tangible asset backing per
          69 words
        • Article
          $2.3m loss at ITE Electric
          62 16 [SINGAPORE] ITE Electric Co has made a loss of $2.3 million for the year ended Dec 31, compared to profits of $412,000 in 1997. Turnover fell 20 per cent to $24 million Loss per share came to 5.7 cents while net tangible asset backing per
          62 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Banks' Foreign-Local share premiums narrow
        546 17  -  Closing of gap to as low as 20% makes merger of 2 tranches feasible: analysts By I Siow Li Sen [SINGAPORE] The premiums commanded by the Foreign shares of local banks over their Local shares have narrowed to as little as 20 per cent, again
        Source: Bloomberg  -  546 words
      • Article, Illustration
        Lock icon Teamsphere launches IPO at 30.5 cents
        393 17  -  It expects to doable net profit to $4.4 m for year ending June By I Carol Eng [SINGAPORE] Specialist metals engineering company Teamsphere yesterday launched its initial public offer at 30.5 cents a share, on the promise of a doubling in net profit to
        ARTHUR LEE  -  393 words
      • Article
        Kingfisher posts 15% profit rise
        185 17 [SINGAPORE] Kingfisher the British owner of Singapore's Electric City has reported a 15 per cent rise in last year's pre-tax profit to about $1.6 billion. In a statement yesterday, the group also said it has "tailored" a business growth plan for Singapore, which will be
        185 words
      • Article
        Yet another name change on the cards for Ansett?
        421 17  -  The airline has already undergone 3 name changes From Russell Baker in Sydney WHAT'S in a name? Plenty, going by Ansett Australia's record of changing its name. Three times, to be exact. Each time, the airline took on a new name
        421 words
      • Article
        Lock icon NOL: Stacktrain profit 'above the line'
        149 17 Bloomberg [SINGAPORE! Neptune Orient Lines Ltd, the world's fifth-largest shipping company, said yesterday it will record the profit made on the sale of its US cargo rail unit at the pre-tax operating level in 1999. Last Wednesday, NOL said it had sold its stacktrain
        Bloomberg  -  149 words
      • Article
        Confusion over Li & Fung offer closing
        270 17 Confusion over Li Fung offer closing [SINGAPORE] Confusion continues over the closing date for Li Fung's unconditional offer for Inchcape Marketing Services (IMS) shares. A statement released by IMS yesterday said that while IMS is not in a position to determine the closing date of the offer, the offeror Li
        270 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Gucci ordered to discuss LVMH bid
        435 18 Reuters [AMSTERDAM] An Amsterdam court ordered Gucci on Monday to open serious talks with France's LVMH over its US$6.3 billion (5510.9 billion) bid for control of the Italian fashion house. The hearing before Amsterdam's commercial court was the second time in less than a
        Reuters; AFP  -  435 words
      • Article
        Lock icon Nikko Sec to take 13.3b yen real estate loss
        194 18 Bloomberg [TOKYO] Nikko Securities Co, Japan's third largest brokerage, said it will post a 13.31 billion yen (*****.4 million) loss on aid to a financial affiliate. It's the second of Japan's big three brokerages to say it will take a charge
        Bloomberg  -  194 words
      • Article
        Lock icon MediaOne bid spurs talk of UK cable consolidation
        399 18 Shares in Telewest, part-owned by US' Media One, surge on ramonr of stake sale Reuters [LONDON] A US$6O billion (Sslo4 billion) bid for a key US shareholder in British cable group Telewest Communications and mobile telephone operator one2one may trigger another wave
        Reuters  -  399 words
      • Article, Illustration
        Lock icon Pfizer leads 1998 US prescription drug sales
        227 18 Merck and Bristol-Myers Squibb are next Bloomberg (PLYMOUTH MEETING, Pennsylvania] Pfizer Inc. maker of the anti-impotence drug Viagra, led US prescription drug sales in 1998, followed by Merck Co and BristolMyers Squibb Co, said IMS Health Inc. With US$6.O9 billion (5510.5 billion) in
        Bloomberg; REUTERS  -  227 words
      • Article
        Sally Aw sells her 50.04% Sing Tao stake to Lazard Asia
        444 18  -  From Quak Hiang Whai in Hongkong INTERNATIONAL investment bank Lazard Asia Investment Management has taken over Sing Tao Holdings, marking the end of the Aw family's control of the Hongkong publishing group after 61 years. Lazard Asia yesterday announced
        444 words
      • COMPANY Briefs
        • Article
          Lock icon No plans to sell HK Telecom stake
          82 18 AFX-Asia {HONGKONG] China Telecom (Hongkong) Ltd's parent, China Telecom (Hongkong) Group Ltd, said it is not aware of any plan to sell a part or the whole of its 13 per cent stake in Hongkong Telecommunications Ltd. The parent company's vice-chairman, Li Ping,
          AFX-Asia  -  82 words
        • Article
          Lock icon Lippo Bank unaware off merger plan
          84 18 Reuters i JAKARTA! Indonesia's Lippo Bank said yesterday it was unaware of any plan by the government to merge five private banks, including Lippo. "I don't know about that Plan, and I think the government has not confirmed such a plan yet," said James
          Reuters  -  84 words
        • Article
          Lock icon Fujitsu buys online firm for 26b yen
          68 18 AFP [TOKYO] Japan's Fujitsu Ltd said yesterday it would take over the country's top online content service, Nifty Corp, in a 26 billion yen (*****.7 million) deal. Fujitsu, which already owns half of Nifty, will buy the remaining shares from trading house Nissho
          AFP  -  68 words
      • Article
        Lock icon NEC chip restructuring to focus on discrete devices
        469 18 Spinoff on cards; older chip production may go to Taiwan Bloomberg [TOKYO] NEC Corp, Japan's No 1 microchip maker, is likely to focus restructuring of its computer chip business on production of discrete electronic components such as transistors and resistors, said NEC's
        Bloomberg  -  469 words
      • Article
        Lock icon Taiwan Semicon, UMC expand wafer capacity
        199 18 AFX-Asia [TAIPEI] Taiwan Semiconductor Manufacturing and UMC group have decided to advance capacity expansion at their wafer plants. The construction of TSMC's sixth wafer plant for eight-inch wafers in Tainan, southern Taiwan, is anticipated to be completed in May, the China Times quoted company
        AFX-Asia  -  199 words
      • Article
        Lock icon Daewoo to sign Samsung Motor takeover deal by April
        293 18 Consulting firm to decide on price of acquisition Bloom berg [SEOUL] Daewoo Motor Co, South Korea's second largest carmaker, yesterday agreed to sign a contract by the end of April to take over Samsung Motor Inc, the country's smallest and weakest
        Bloom berg  -  293 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Yahoo! in talks to buy online video firm: sources
        553 19 Broadcast.com shares sharply higher bnt big price tag could derail deal Reuters, AFX-Asia [PALO ALTO, California] Yahoo! Inc is in talks to buy online video company Broadcast.com in a deal that would help the popular Internet portal meet the growing demand
        Reuters,; AFX-Asia  -  553 words
      • Article
        Lock icon Asea Brown, Alstom merge power-generation business
        380 19 50-50 venture of Swiss-Swedish, French groups has revenues of USsllb Reuters [PARIS] Swiss-Swedish engineering group Asea Brown Boveri and France's Alstom yesterday said they were merging their power-genera-tion businesses into a 50-50 joint venture with revenues of US$ll billion (5519.1 billion). ABB said in
        Reuters  -  380 words
      • Article, Illustration
        Lock icon NYSE keen on national watchdog
        319 19 Single body for US bourses will cat redundancies, save money: president Reuters [NEW YORK] The New York Stock Exchange would be interested in considering the creation of a single body to regulate the country's exchanges in order to eliminate redundancies and save money, a senior
        Reuters; FILE PHOTO  -  319 words
      • Article
        Lock icon AT&T launches largest bond offer of US$7b
        285 19 FT [LONDON] US telecommunications company AT&T on Monday broke new ground with the largest bond offering ever in a US$7 billion (5512.1 billion) issue. The offering was increased from a planned US$6 billion owing to the strength of investor demand. The sheer size
        FT  -  285 words
      • Article
        Lock icon 4 Canadian telcos merged to challenge Bell Canada
        402 19 Atl&nticCo to emerge as Canada's third largest telco in Cs2.Bb merger Bloom berg [TORONTO] Four of Canada's smallest phone companies agreed to a Cs2.B billion (553.2 billion) merger, creating a single competitor for all of eastern Canada to rival Bell Canada, the
        Bloom berg  -  402 words
      • Article, Illustration
        Lock icon Compaq Q1 sales need late jump to meet forecasts
        421 19 Reuters [NEW YORK] Compaq Computer Corp, the No 1 maker of personal computers, will need a sales surge in the final days of March to meet Wall Street earnings forecasts, a brokerage analyst said on Monday. In addition, Donaldson, Lufkin Jenrette
        Reuters; FILE PHOTO  -  421 words
      • Article
        Lock icon Starwood expected to split hotel business
        331 19 Sheraton owner's move will boost share valne: analyst Bloomberg [WHITE PLAINS, New York] Starwood Hotels Resorts Worldwide Inc is expected to eventually split into separate hotel-management and hotel real estate companies in a bid to boost its value to investors, an analyst said. The
        Bloomberg  -  331 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon HK mortgage price war looms as Amex cute rate to below prime
        648 20 Fight over bread and butter loans may force smaller banks to merge: analysts Bloomberg [HONGKONG] American Express Co's local banking arm has dropped its price on mortgages to below the prime rate, the first time such lending has
        Bloomberg  -  648 words
      • Article
        Lock icon Dresdner may relocate its arbitrage units
        219 20 Bloomberg [LONDON] Dresdner Bank AG has said it may move its Paris-based equity derivatives arbitrage and fixed-in-come arbitrage businesses to Frankfurt and London to cut costs and centralise trading activities. "We want to bring the businesses closer together for obvious synergies in trading and
        Bloomberg  -  219 words
      • Article
        Lock icon Den norske Bank to buy Postbanken for 4.5b kroner
        294 20 Merger expected to boost its position as Norway's top bank Bloomberg, Reuters [OSLO] Den norske Bank ASA, Norway's largest bank, said yesterday that it had agreed to buy state-owned Postbanken, the country's fourth largest bank, for 4.5 billion kroner (Ssl.l billion)
        Bloomberg,; Reuters  -  294 words
      • Article
        Lock icon ABN Amro to expand in Latin America as rivals quit
        301 20 Bloomberg [SAO PAULO] ABN Amro Holding NV, Europe's fifthbiggest bank, is planning to extend its growth in Latin America, opening brokerages in Brazil and Mexico and expanding the mergers and acquisition business to fill a vacuum left by rivals' retreat.
        Bloomberg  -  301 words
      • Article
        Lock icon SEC chief urges reforms to mutual fund boards
        525 20 Reuters [WASHINGTON] The top US securities regulator on Monday unveiled four major reforms designed to strengthen the role of independent mutual fund directors, the first proposed changes to the mutual fund board governance structure in nearly 30 years. Securities and Exchange Commission
        Reuters  -  525 words
      • Article, Illustration
        Lock icon Cheers as Aussie index breaks 3,000
        46 20 [SYDNEY] Traders at the Sydney Futures Exchange celebrating as the Australian sharemarket crossed 3,ooopointsfor the first time yesterday. Strong buying in resource and telecommunications stocks pushed the Australian Stock Exchange's key All Ordinaries Index to a record nigh 0f3,005.2. AFP
        AFP  -  46 words
      • Article
        Lock icon Commerzbank eyes C Lyonnais stake
        355 20 It plans to raise over 2L4b euros for possible acquisitions in Europe FT [FRANKFURT] Commerzbank plans to raise more than 2.4 billion euros (554.5 billion) in preparation for possible acquisitions in Europe's rapidly consolidating banking sector. Germany's fourth largest commercial bank, sometimes identified by industry
        FT  -  355 words
      • SMALL Change
        • Article
          Lock icon Sanwa sees 300b yen loss
          48 20 Bloomberg [TOKYO] Sanwa Bank Ltd said it will lose 300 billion yen (554.4 billion) in the year ending March 31,20 per cent more than it previously forecast, as new government rules push banks to set aside more money to cover problem loans. Bloomberg
          Bloomberg  -  48 words
        • Article
          Lock icon Hedge fund sues Salomon Smith Barney
          92 20 Bloomberg [NEW YORK] Salomon Smith Barney Inc is facing a lawsuit by MKP Capital Management alleging that the broker-dealer cost the New York hedge fund US$25O million (***** million). The lawsuit was filed on Monday by MKP Master Fund and MKP Capital Management, formed
          Bloomberg  -  92 words
        • Article
          Lock icon Barclays pays ex-chief £1.6m
          57 20 FT [LONDON] Martin Taylor, whose abrupt resignation as chief executive of Barclays last year left it in turmoil, has been paid £1.59 million (554.5 million) by the UK bank as part of a settlement. The payment, based on Mr Taylor's contract for 1999. was revealed on
          FT  -  57 words
      • Article
        Rise in interbank rate pulls futures down
        115 21  -  Reports MSCI Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Free Index traded in a tight range yesterday on very little fresh trading incentives. The futures contract opened higher before dipping to a low of 215.3 as bank stocks dragged down the
        115 words
      • Article
        Futures end lower after setting new high
        188 21  -  MSCI Taiwan fatnres Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract plummeted 5.80 points on profit-taking after setting a new high at 311.0 yesterday. A decline on Nasdaq in the last two trading days sparked fear that prices of
        188 words
      • Article
        Lock icon Oil prices fall despite Opec pledge to cut output by 1.7m bpd
        372 21 ENERGY REPORT Bloomberg [LONDON] Crude oil fell from a near five-month high as Opec members pledged to cut output, as expected, and traders focused on whether exporters will honour their promises after failing to in the past. The
        Bloomberg  -  372 words
      • Article
        Lock icon CURRENCY REPORT
        333 21 Bloomberg New York THE dollar slipped against the yen yesterday and pared gains against the euro, dragged down by a three-day slump in US stocks. "The dollar's correlation with the stock market is pretty high, so the dollar is softening with it." said Kathy Jones, a currency analyst
        Bloomberg  -  333 words
      • Article, Illustration
        Untitled
        1301 21 MTERBAWK CROSS RATES War2 3 A C$ »mb Euro Ffr Dm HK$ ind is tuplah Yen Won *U HZ$ Pafc Nso S$ land Sfr WT$ Bafct tornd US$ 0959 6 ,78 0586 3 839 1-M5 4.936 27.003 56.916 0.755 7.805 2.421 1187 32.143 24.681 1.104 3.951 0.935 21.107 23.897 0392
        1,301 words
      • Article
        Untitled
        1860 21 SI COM FUTURES Mar 23 RUBBER (futum cIosbki *s 5.30pm) RSS1 CONTRACTS centsAq) Close VoteiM Open Month MqA Low Sett (tonnes) Interest Apr 99 102.75 150 M*y 99 ***** 775 Jwi 99 105.00 250 -M/Sep 99 107.75 600 Oct/Oec 99 H0.50 525 Jan/Mar 00 114.00 RSS 3 CONTRACT (US cants/kq)
        1,860 words
    • Article, Illustration
      Lock icon HONGKONG
      1334 22 AFP P Hang Seng -6&23 HONGKONG share prices fell 0.6 per cent yesterday on prof-it-taking prompted by a decline in Tokyo stocks, but still managed to end above the key 11,000-point level, dealers said. "It is just profit-taking, with investors using the fall on the Tokyo market as an
      AFP  -  1,334 words
    • Article, Illustration
      Lock icon CHINA
      528 22 Reuters Shenzhen B Index +L 45 SHENZHEN'S hard currency B shares extended heavy recent gains yesterday, closing up on continued strong interest from domestic institutions, brokers said. The B index rose 1.45 points, or 2.91 per cent, to 51.35 on turnover of HKS26.B million, compared with HK525.9 million on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  528 words
    • Article
      Lock icon TAIPEI
      344 22 AFP QWP Index -97.75 TAIWAN share prices fell 1.4 per cent to back below the psychological 7,000-point level yesterday as investors locked in profits after recent sharp gains, analysts said. Selling of mainstream technology and financial shares pulled down the index as investors took profit from recent gains, said
      AFP  -  344 words
    • Article
      WORLD STOCK MARKETS
      2223 22 LftHftOH Mistrials *r23 torn) 3i Group 6.24 0.01 Allied Domecq 4.56 -0.05 Allied Zurich 6.14 -0.30 Anglo American Cold __23.41 0.01 ASOA Group 151 unch A B Foods 4.15 -0.10 A B Ports .2.83 0.04 Ban* of Scotland ai7 -0.08 Barclays 17.38 -0.19 >•»* ——9.11 0.01 BG
      2,223 words
    • Article
      Lock icon TOKYO
      1585 22 AFP □Nikkei 225 -«M 8 SHARE prices in Tokyo eased 2.2 per cent in post-holiday trading yesterday as investors locked away profits after last week's surge to an eight-month high, brokers said. "They took profits to adjust the speed," said Kazunori Jinnai, the deputy equity manager at Daiwa Securities.
      AFP  -  1,585 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks slip again as investors stay sidelined
        387 23 AFP P Composite Indcr -4.07 MALAYSIAN share prices ended 0.8 per cent lower yesterday as investors stayed sidelined amid a lack of buying interest, dealers said. "Foreigners and locals are sidelined due to a lack of fresh leads," an institutional dealer with a
        AFP  -  387 words
      • Article
        Untitled
        7571 23 INDUSTRIALS Commmt products *9*9 Last Vol Day Net Cap MHfc L— Cewpany M OOP HH> U» >/e $mil 3 J° 2 ff Ajinomoto 265 unch 2 265 265 14.6 107.4 83 55 Angkasa 55 -15 7 55 55 ail 283 220 Apollo Food Hlg 220 7 7 88 0 204
        7,571 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2009 24 BONOS, LOANS VARIANTS Ml,h L S,B Company SaM_ «w rO*S High V Low Buy"' Prlc* 18 3 3,60 "Acor ******1 US$ 13 -o 5 44 13 n 125 n 35 4.5 s 3164 Acma ******4 Zw *T 862 9 17 7 5 8 17 s 3161 AllToch ******7 28.5 26
        2,009 words
      • Article
        KepLand wrt: only for risk seekers
        181 24  -  WARRANT WATCH -By R Sivanithy AFTER a few weeks of a sideways drift, the Keppel Land warrant perked up yesterday, rising one cent to 44.5 cents on heavy volume of 7.05 million units. Going on the logic that property stocks have been out of
        181 words
      • Article
        CLOB INTERNATIONAL
        189 24 HONGKONG STOCKS Or Gr L t Laat Ouota Otv Dtv YM Net M Cm HQ U» Stiw Cwnpny COOP) U. Buyr CV M jmlT ~235 173 5123 CDL(2000)MK 230 e<T~5 4 230 230 230 250 8 2.4 33 118 ***** 5124 C«tt«vP*20cMR_720ed 245 JJ 7.4 6 *****4 5125
        189 words
      • Article
        Lock icon WELLINGTON
        298 24 AFP U Wellington +4.03 NEW Zealand shares yesterday took off in an otherwise subdued market on reports that Singapore Airlines might buy into Ansett Australia. The NZSE-40 Capital Index ended up 4.03 points at 2,148.48 on turnover of NZ553.7 million. AFP imn *h rmm Advantage HOS US 0.06 189
        AFP  -  298 words
      • Article, Illustration
        Lock icon BANGKOK
        899 24 AFP PSETlndei -&35 THAI share prices slipped marginally at the close yesterday despite cabinet's approval of Bangkok's latest commitments to the IMF, dealers said. Analysts said the market had already factored in the government's request for a bigger fiscal deficit this year to finance its planned US$l.4 billion economic
        AFP  -  899 words
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        Lock icon SEOUL
        404 24 Reuters Q Composite Index +U BLUE chip purchases by foreigners and investment trust companies pulled the South Korean composite index out of negative territory and helped the index to end higher yesterday, brokers said. The Korea Stock Exchange Composite Index closed up 6.6 points, or 1.09 per cent, at
        Reuters  -  404 words
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        Lock icon SYDNEY
        652 24 AFP rl All Ordinaries +2J AUSTRALIAN sharemarket cracked the 3,000-point threshold for the first time yesterday but weakness in Asian markets rolled back the gains, brokers said. The All Ordinaries Index finished up 2.1 points at 2,987.6. The All Resources Index closed 0.7 point lower at 1,026.9. The All
        AFP  -  652 words
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        Lock icon JAKARTA
        683 24 AFP fl Composite Index +153 INDONESIAN share prices closed mixed yesterday with late buying of Telkom and Gudang Garam failing to offset concerns over the delay in Indosat's privatisation and political worries, dealers said. A dealer at a foreign brokerage said general market sentiment was weak due to underlying
        AFP  -  683 words
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        Lock icon MANILA
        299 24 AFP Q Manila +25.« SHARE prices closed 1.3 per cent higher yesterday as investors cheered falling interest rates and positive signs on the economy, analysts said. The Composite Index rose 25.48 points to close at 2,043.97. Turnover declined to 334 million shares worth 2.05 billion pesos from 490.05 million
        AFP  -  299 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5606 25 Transaction date Mai 23 g._»_ijjjj»y,. i H ,'i^a MULTHMDVSTWY »'"!5S?:ss,?f^rrz:S 5 r° s 140 ™> j§ i issasar r «3 *29 5 m b 1276 "VfJ!o COr9 HV d 216 2W 213 214 11 11 5.1 24 401.1 201 ac I* 5 5 "2*
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      SESDAQ
      990 25 Mtah M W L»« StMo CmiM. w Laat Qyaja DW Dlv YM Nat Cap Aw( 1 L 1W cimpm. (OOP) HM» l—I fcggr gagg Cw p/l >n Prtet 2 7»5 c mt 9 Iflflfite S 5 5 '429 »0 5 88 aa Mi IS M T 1.7 8.3 K>1
      990 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        359 26 Stocks VotaMM KepTatlee Bk DBS WOO 42,758,000 UICWt99 35,225,000 JC-MPH WtOO 27,002,000 UIC 23,140,000 JC-MPH 17,072,000 KepTatlee Bank 14,530,000 KepTatlee Bank WOO 13,507,000 CK Tang Wt99 12,772,000 KepTatLee Bank W02 11.249,000 Uraco Wt02 9,473,000 StKfcS DBS Foreign 42,012.578 KepTatlee Bank 41,489,435 OCBC Foreign 41,105,131 OCBC 36,081,210 DBS 31,154,364 KepTatLee Bk
        359 words
      • Article, Illustration
        Keppel TatLee partnership rumours drum up interest
        621 26  -  STOCK MARKET COMMENTARY Boost also from hopes of UIC takeover battle; pressure on Foreign tranches of bank stocks By R Sivanithy FURIOUS punting of Keppel Tat Lee Bank shares and other counters yesterday bolstered a stock market that had started displaying signs of
        621 words
      • ON THE GRAPEVINE
        • Article
          HK$118b 'little things'
          113 26 "I DID some little things in August" was how Hongkong's Financial Secretary Donald Tsang described his decision last summer to have the government go on a HK|llB billion (5526.4 billion) spending spree to buy up Hongkong equities in an effort to fight off speculators. That intervention is
          113 words
        • Article
          Triple A rating joke?
          89 26 BLUE blood Swiss private banker Pictet Cie has just had its triple A rating reaffirmed by international bank rating agency Thomson Bankwatch. It's a bit of a joke, really, said Geneva-based Charles Pictet who was in Singapore as part of his annual tour of the bank's
          89 words
        • Article
          Tell them what they want to hear
          85 26 ONE analyst when asked what he tells clients on his marketing trips said basically he tells clients whatever they want to hear. "It's called facilitating the clients' needs," he said. So if clients want to buy, the spin will be on the virtues
          85 words
        • Article
          Robinson's management constraints
          126 26 AT a briefing for analysts and reporters cm Monday, Robinson Co's chairman Michael Wong outlined how the retail group's strategy for its regional operations placed constraints on its expansion into certain countries. "What we want is management control. In Thailand, we would be prevented from doing that
          126 words
      • Article, Illustration
        HOT STOCK
        58 26  -  By Ven Sreenivasan SEMBCORP Industries has been struggling since losing its grip on its $2.41 high in late January. However, the counter is somewhat oversold and has good upside potential if it can break past its $2.00 resistance. The next target is $2.40 and it may be worthwile
        58 words
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      46 15 wonder how 1 JH JkR- r €li> M yHMßSlxlioaltm Hgy Daily to Switzerland and Europe. Relax. Think your thoughts. And leave everything else to us. jbv Swissair. We care. swissav£7 435 On hard Road. oltt-O4AK/U6 W,sma Atria. Singapore 23H877 Tel: 737 M 133 Fax: 737 360H
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      47 18 This announcement appears as a matter of record only O YKK DEVELOPMENT (S) LTD (incorporated with limited liability in the Republic of Singapore) U5530,000,000 6.75 per cent Guaranteed Notes due 2005 Guaranteed by YKK CORPORATION, Tokyo Private Placement Issue Arranged by: Overseas Union Bank Limited March 1999
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      60 19 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager I OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail:
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      33 20 gnHK flßt^Bfe^ HfSSS^^l^Hi^%y A. fJXM yoL\\~* Personal Finance \> A •Unit Trusts -M •Property f EXECUTIVE Stocks Xife&tiJfo :r v Motoring Travel Every Friday... in THE BUSINESS TIMES. A must-read for your long weekend.
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      31 23 Classified First. Want to get a laptop? Or simply get computer savvy Log on to the best site: Check The Straits Times Classified First. Buy h Sa U Find k. 2
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      46 25 Citibank Margin Trading Account Trade up to 2.5 tilllCS your share value or withdraw CASH on it. I Call 339-7126 now. the citi never sleeps Ihl v ISh*'" U <» r 1., <1 Uii.i(l I I II I mSI H.www. i* j i j I,„ k N
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      590 26 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE This is to inform that I, Quah Poh Teong, NRIC No. *****66 C is no longer a managing partner of Legion Quest Marketing Trading with effect from 19/3/99. I have no other further other dealings with the company
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      518 26 Want to talk about investments with your peers? Join our forum at http://www.dbs. com sg/ 101/t)bs 880I5SBANK IN THE MATTER Of THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF DOLCE VITA PTE LTD GILMORE BOUTIQUE PTE LTD HEX ASTERIZK PTE LTD TAIYO LABEL PUKIM (S) PTE LTD On Members'
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      207 26 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) ANO IN THE MATTER OF LUNA LUNA MANAGEMENT PTE LTD Notice is hereby given pursuant to Section 296 of .the Companies Act IChapter 50) that a meeting of the creditors of the abovenamed company will be
      207 words
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      291 26 IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF AYNSLEY DEVELOPMENT PTE LTD (la Members' Voluntary UquMation) At the Fx Inordinary General Meeting of the companyheld o«i March 22,1999 al 20 Maxwell J®*®- *08-12 Maxwell House. Singapore *****3. the following Special Resolution was duly passed:Thai
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      Page 26 Advertisements Column 5
      61 26 THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES I ■vk.Mk.rwk.^ Can't Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified. Home Needs Classifications
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      322 27 Bridge News, Reuters A TYPICALLY slow Monday compounded by a holiday in Japan, resulted in few ships being reported fixed. Brokers noted a long list of Panamax tonnage in the east while rates in the Atlantic remained mixed Capesize trading was negligible. A few new handy grain cargoed
      Bridge News,; Reuters  -  322 words
    • Article
      MARITIME STOCKS
      262 27 «y- w CWT Distribution 0.53 jncti 10 Casco Inwilwwl 0.48 uncti 7 FratahtUnta air gncti MO 0»lhl*W» 0.38 0.01 ff HM Sun Hup 0.48 0.01 71 mCllol—p-WK MO undt 0 Jaya I loWngi 0.59 0.01 N JuronaSNtrwd—MO -0.M 179 KappalCerp 4.48 OM 3334 iu»p«rfLS ioe aoi 794 Kapp*
      262 words
    • Article, Illustration
      Local lifeboat repairer sets up Lankan venture
      467 27  -  Techno Fibre aims to build global network; Lankan venture will be its 9th overseas By Marcus Hand [SINGAPORE] Homegrown lifeboat repair and service station operator Techno Fibre is opening its ninth overseas location in Sri Lanka, as the company seeks to build a
      467 words
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      Bad weather can no longer be an excuse for loss of a vessel
      860 27  -  STRAIT TALK By I Seafarer SINCE taking over as secretarygeneral of the International Maritime Organisation (IMO) Bill O'Neil has ensured that the specialist UN agency has adopted a much higher profile and more active approach than previously.
      860 words
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      PSA's Aden container terminal gets its first vessel calls
      271 27 [SINGAPORE] The first containerships called at PSA Corp's port project in the Middle East, Aden Container Terminals (ACT), last Friday. They were APL's Dragon Sumbawa, and the Kota Waris from PIL (Pacific International Lines). A small ceremony to mark the event
      271 words
    • PORT Shots
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        Evergreen to use Kris feeder services
        67 27 [LONDON} Taiwan-based carrier Evergreen Is to use Syarikat Perkapalan Kris feeder services from Singapore and Port Rlang to serve nine additional ports In South-East Asia. The Malaysian company will feeder boxes to Kuching, Sibu and Bintulu in Sarawak; Kota Kinabalu, Sandakan, Tawau and Labuan
        67 words
      • Article
        Frontline's profit rises
        103 27 (LONDON] Bermuda-registered tanker specialist Frontline, controlled by John Fredriksen, has reported a 55 per cent increase in annual net income, from US$l7.4 million (8*29.9 million) in 1997 to US$27.O million last year. For 1998, earnings before interest, tax, depreciation and amortisation, including earnings from associated companies were
        103 words
    • Article, Illustration
      Lock icon Orders strain assembly lines
      601 28 AIRBUS INDUSTRIE World's No 2 commercial-jet maker finds it has trouble keeping up with boom in aircraft orders Bloomberg [NEW YORK] AIRBUS Industrie, the world's No 2 commer-cial-jet maker, said its production lines are struggling to handle blistering demand, joining rival Boeing Co in suffering the
      Bloomberg; FILE PHOTO  -  601 words
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      SHIPPING SCHEDULES INDEX
      312 28 PACE froti 12 ANL 3 M t Accord 8 L 4 Altrenkiei M $«wrtrans 8 AASCO 4 Censhcx; 14 AM OCl S S 10 W i* J! Appenship 5 ftHup Austral 8 Avant M £"<•" B'tang Mas 8 n IK1 7 13 BTL 14 14 a HUAJ.
      312 words
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      SHIPPING GUIDE
      20644 35 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vassal Voyaga Tataphona ETA ETA Advartlsar VmH Voyaga Taiaphona SIN Dastn Nam, Nama N umt>ar Numbar SIN Dast'n Nama Nam, Numtoar NumOar 'ilii||fBii|[|||IMillll6Sii8WWWMI8iM>(Uli<8W>(l am—MMmnKaiajM iiii<6<||m» > I I'lWUMWWHil Mi"W1——If lOfilW 2*/03 03/04 Oram Ship HEIMAR J. 0I2N 65-*****05 to ADELAIDE (ADL) 2007 Australia
      20,644 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        801 41 Vessel Voy No Berth Arrival Departure J M» tfonpul* 2X03/0800 3"*. J" JNMHIHI# 26.03/1200 rr*r HI -s 4 *><**4. 2403/1200 bTZI.1*. ?SU« -5? 23.01/2100 221?. -2 *mp»* 24.03/0300 22TL.« "Jf" *»*&<» 23.03/2359 02M99 JOJ <lon«SH>( 23.03/1800 2 2521 *»v" 23.03/1215 2 ,,!f 512. M *onquto 2403/0130 J$; 23.03/2100
        801 words
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        CONTAINER SCHEDULES
        1775 41 RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Booklng/BtUnc* Rstts Ship Voy No Etb/Btr Porlod From To from Aci *«gno*4 OOM 2 WO TOO U 21/1500 23/1*51 13/1*00 B 23/1500 23/1459 2VM U 21/1700 24/0459 24/0900 21 21/T700 .'4/0459 24/0900 24/0700 24/1159 24,1400 4 24/1200 24/M59 24/1700 MOTMV42
        1,775 words
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        GLOBAL HOLIDAYS
        214 41 Mar 28 Greece: Independence Day. Mar 28 Brunei: Hari Ray a Hajl. Indonesia: Harl Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. M*r 28 Taiwan: Youth Day. Aprl Denmark: Maundy Thursday. Mexico: Maundy Thursday (optional). Apr 2 Mexico: Good Friday (optional). Germany: Good Friday. Finland: Good
        214 words
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        COCKETT BUNKER MARKET REPORT
        751 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 mar ket. Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        751 words
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        VERITAS BUNKER QUALITY REPORT
        452 41 c**» 180 Mai 998.1 3.4 18.6 0.09 59 0.07 Entity »«ttf KmHIw Art Aluminium Sediment No above E25 2 I M 0 0 0 %H/H 380 Aw 984.9 0.3 13.2 0.06 35 0.02 (nor 380 Mm 994.2 U 18.9 0.11 250 0.06 M/Wl %M/» »M/M rr*
        452 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Delta completes tender offer for ASA
        205 42 Bloomberg [ATLANTA] Delta Air Lines Inc, the No 3 US airline, completed a US$7OO million (Ssl.2 billion) tender offer for the portion of ASA Holdings Inc, parent of regional carrier Atlantic Southeast Airlines, it did not own to improve service in Atlanta. Delta now
        Bloomberg  -  205 words
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        Lock icon United to suspend HK-Delhi-London service
        229 42 US carrier slams HK govt for failing to implement open skies policy AFX-Asia [HONGKONG] United Airlines is to suspend its daily Hongkong-Delhi-London flights and its round the world service from April 3, the Hongkong Standard reported. Don Curran, the airline's vice-president in charge of the
        AFX-Asia  -  229 words
      • Article, Illustration
        Lock icon UK govt refuses to give in to truckers
        314 42 Reuters [LONDON] Hundreds of British truckers brought traffic to a crawl in central London on Monday in protest against increases in diesel duty and road tax but the government refused to back down. Blaring their horns, more than 200 drivers in flat-beds,
        Reuters; REUTERS  -  314 words
      • Article, Illustration
        Lock icon Air France may phase out Concorde from 2007
        504 42 French carrier's 6 Concordes flying hftif empty and fleet becoming too costly to operate Bloomberg [PARIS] Air France, Europe's third largest airline, said it expects to take its Concordes out of service from 2007 as the supersonic jets become too expensive to
        Bloomberg; FILE PHOTO  -  504 words
      • Article
        Lock icon Lufthansa's passenger traffic up
        216 42 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's No 2 airline, said it carried 10.9 per cent more passengers in February than in the same month a year before, boosted by demand for intercontinental flights. Passenger count rose to 3.02 million people while cargo traffic rose 2.5 per
        Bloomberg  -  216 words
      • Article
        Lock icon Spanair to buy 45 Airbus planes worth US$2.2b
        491 42 Spain's Mo 3 airline gets set to expand service Bloomberg [MADRID] Spanair, Spain's third biggest airline, said it ordered as many as 45 Airbus planes worth as much as US$2.2 billion (553.78 billion) as it prepares to expand service in Spain and
        Bloomberg  -  491 words
      • Article, Illustration
        Lock icon China halves airlines' annual payment to development fund
        252 42 AFP [SHANGHAI] China's aviation regulator has halved the annual payment it demands that airlines contribute to a national development fund to help them meet harsh orders requiring a 1999 return to profit, an industry source revealed yesterday. An official at Shanghaibased China
        AFP; FILE PHOTO  -  252 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1695 42 CITY FU6MT ETA FU6HT ETD MM, mo Frwkfari IH6372 M5S 8*7305 0005 LH6381 1920 $025 0655 0f5 0005 $0230 (920 6*973 1005 W6373 2355 tMtrtai KU43 0540 $024 2320 **> J®** H2U5 MO W4MT 1359 **837 (535 MM* Z359 MM NZ42M 2030 W4285 2045 '<+>** V>m
        1,695 words
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      24 27 Airbus Industrie: Orders strain assembly lines World's No 2 commercial-jet maker finds it has trouble keeping up with boom in aircraft orders. Page 2
      24 words
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      Page 27 Advertisements Column 2
      164 27 Air France may phase out Concorde from 2007 French carrier's 6 Concordes flying half empty and fleet becoming too costly to operate. Back Page SPECIAL FEATURE All AIR RAIL* SHIPPING TIMES •14 APRIL 1999 KEEP YUUR IHJSINESS In conjunction with Inter Airport Asia and Exporaii Asia 99, Shipping Times, the
      164 words
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      1169 28 I NORTH AMERICA I 1 EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST Of CEHTHAL AMERICA (MABQABfTA BERVICE) w raai l msa lu§ m hou ooc m («xia>cm ma m sw oauinu smiowco co—to w (mmm ommmmimu mmaag" ooaauraiNu ssisi) m/w I 24/
      1,169 words
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      Page 28 Advertisements Column 2
      832 28 L,nes services represented |2»©»-i Memtsefs 01 fteQ'St'V Ol Accredited Shipping Agents 2s Singapore Shipping Association Members of the Singapore Freight Forwarders Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES 0?., SINGAPORE to BATAM, BINTAN, KARIMUN Y SINGAPORE to BANGKA ISLAND J SINGAPORE to OLEGON LS?W SAMARINDA/BAUKPAPAN/BANJARMASIN TO SINGAPORE MANILA/SUBIC BAY/LUZON
      832 words
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      1157 29 TO EUROPE FROM EUROPE vtssa vot sin itm anr ham wtv sou fit lb< [rasa vot I itm anr ham miv sou fit leh swl OK SS2W 2S/03 17/04 14/04 15/04 12/04 TTK S24E 21/02 02/03 OS/03 04/03 24/03 MX MIS OMW 26/03 11/04 13/04 14/04 17/04 DANUOE S4* 04/03
      1,157 words
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      Page 29 Advertisements Column 2
      2040 29 (2) HANJIN SHIPPING Ikf 97 iMi Mm Lot -S*£ 37*0730 HANJNI SHIPPING (S) fTI ITB N* /fwm hop. cm HOOHG: *****35 237 SALES; *****74 731 OOGJNBIT *****71 774 OPfMIKMS: *****50 25! HUH UK: *****55 FAX 777WM at HO: **********QM TO NW USA CANADA UfjH CANADA* WIVSI/VOY I IAM I SM
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      Page 29 Advertisements Column 3
      463 29 UY CON TAINHIIIP PIPICATIP til Yltll I vessa w_ m wr j*_ hk je_ _us*_ _ra_ [vessel iwt i sin ihe IMI s%| J 1 I UTCfUSM W«S 24/B3 02/04 04/04 M/M 07/04 jjjfljj \l\ftl\ ruVfi mmm as a/w «na 31/n 04/04 ot/04 01/04 w/04 Str hSKkomg wk I n/&
      463 words
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      1614 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfItIKRANEAN/CANADA Wl «w LB) HTM MIR HAW IRV FIX VESSEL VOY $M MT SPt FOS W.I MTU •MHMOAUAN WQ9IS 21 S3 17 M It.M IS M II.M 1104 LONDON SENATOR WM9IS 29 13 11 M 11.64 15 M 17 M 29 M CHOYANOATUS WN*II 10
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      Page 30 Advertisements Column 2
      866 30 AM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) 36t373i l-JVy J cm NO. IaOOCTMOOM 8»U: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKTi (21)*****07 MOW. (61)*****3 KUCHINQ (062) *****1-3 CALCUTTA MADRAS MV "HEIMAR J"
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      542 30 UNE 1 MUARA n 1 LABUAH 1 «ssa VOT FIB ETA VKSH VOT ETD ETA SPORE OMIARA SPOtf UN CAAAKA*332 VOU/99 5*4 W CAJUKAJNU2 VOM/W W 24/03 jprosph vo«/w a/03 31/03 jpwsra voh/w a/03 oi/oo CMMRA *332 VC7E/W 31/03 03/04 CAKAKA JN332 VO7I/W 31/03 04/04 j «osm VOTI/W 07/0410/04 j
      542 words
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      1166 31 VESSEL VOV StN PKO PEN PQB PUB DAM BHJ BA BIK "1 IRAN LOfIESTAN PJLI33B 22/03 31/03 01/04 02/04 04/04 00/04 IRAN TABATABAEI PJLI339 20/03 07/04 00/04 00/04 11/04 13/04 IRAN TEYFOURI PJLI34O 06/04 14/04 18/04 10/04 18/04 20/04 IRANVAHOAT PJLI329 12/04 21/04 22/04 23/04 28/04 27/04 IRAN BAAKERI PJLI34I
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      Page 31 Advertisements Column 2
      1911 31 "Mi* wrtUr faNp Evropt Mill Mi I Every Monday and Saturday* J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TH; 226 190 C FAX: *****08 OUTWARD (l/L) COSTA* SHIPPING PTE LTD «17-OSDRSRU>G SAUS/IKGS 420SAS7/M INWARD DIPT (D/O) *****45 COSTAR AGENCIES (M) SDN BHD CI MO: 1)*****0000* TOWIR TWO (04M09) CONYIMTK)NAI
      1,911 words
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      Page 31 Advertisements Column 3
      527 31 i--—, EASTERN CAR UNER, LTD. Sunte Qty fear 2, I Ifc Ea (SINGAPORE) PTE LTD I SPECIALIZE IN RORO HEAVY UfT UPTO 450 TONS Ed (SINGAPORE) PTE LTD LOAD NG FOR CALCUTTA/ CHITTAGONG/CHENNAJ YANGON/CHITTAGONG MV "CORAL HERO" V.IS MV "GRACE LUNA" V.6 < ETA SIN 18/03/99 ETA CAL 25/03/99 ETA
      527 words
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      1359 32 I SGP ROM ANW HBG TUP ZEE LHV LHV THP ROM ANW HBG PKL SGP I I ?^K U E t R 7 27/t3 14 < 1M M*« 11*4 18*4 19/04 20AM E ROYAL RE 038 25*2 27/ TO 2MB 28/02 B2AC 2S/B3 Zt %3 I r DISSS' X2K Jf
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      706 32 f PACIFIC INTERNATIONAL UNES (PTE) LTD I SSSSim VM 140 Cecil Street, #03-00 PIL Building, *****0. I Cfl NO **********06 I I lUHCA TfWTAJ 2 125 tAt~ Sr~ M li/i T M rwto27 M/ 3 M/ 3 S/4 'l 1 IV/4 4/4 jjfl gfl I gflj I I l msn
      706 words
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      430 32 Pfa> NANTAI LINE J FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vKsa wr si mi nut jj gr w mm rows toss 04/04 16/04 it/m 20/04 n/w" GOiDEW MUGOI WIS IS/04 24/04 H/Q4 li/oT mmouffll V.034S 24/04 04/05 01/05 11/85 12/05 ~wT mWDIU6O<I *O)3S 05/05 m/ps ii/ds 21/05 22/05 MAWttIVBWS
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      457 33 i BSA ii *mm MYANMA Ipßßk FIVE STAR UNE W (Myonmar Notional Llm) Loading for Yangon (Rangoon) vessei vor sin pu pen pgu MERGUI VISI SID CHIN SHWE HAW VWW 51* MALAYSIA AGENTS: lOUSTUO SHIPPING AGCNCKS KUL TH (03)*****00 PKL Til (03) 37*4101 PEN: Til (04)2****** PGU: TEL (07)*****21/4 BANK
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      Page 33 Advertisements Column 2
      1308 33 HMMO HYUNDAI MERCHANT MARINE CO., LTD. I Vtssa VOY |9N I SOU UH RIM ANT HAW MV HI IVESSR WT SOU I LB9 I NTM I ANT I HAM IWV m. SI UE 552W 25/03 12/04 17/04 14/04 15/04 TYNE 526f 05/03 06/03 21/02 02/03 24/03 NOIRIS 000W 26/03 16/04
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      Page 33 Advertisements Column 3
      1168 33 V "V rxywegwi ipeaahtd oukxomen \2r. Qsssks.-. Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SHftCE" IVISSa VOY RAMf HEIGHT I SIN LAX CRI MIA SAV BAL ORF NYC NEW MM TARONGA FOO7 400 hm 6.3 M "***** 22/04 0176S *****" 0*705~ M7OT W76T 11/ OS Ts7oT 17/05 TAIKO
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      Page 34 Advertisements Column 1
      731 34 BANGKOK/MAP TA PHITTjUHI CHABANO] JAKAWTA/PANJAMO VESSEL VOY SIN 1 BKK MTP LCH VESSEL VQY SIN JKT PJN NANTA BHUM" 438N In Pt 27/03 28/03 QURU BHUM 122S In Pt 28/03 KOTA RATNA RNAIOI In Pt 27/03 QURU BHUM ***** 25/03 28/03 YANTRA BHUM 283N 2S/03 28/03 27/03 AKA BHUM 338S
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      Page 34 Advertisements Column 2
      536 34 INDONESIA NATIONAL LINE TO AUSTRALIA "T FULL COWFAINB* BBHVICE va Ivor Inc silml— In»I m I Imi 1 wiiwr 11s M/oiv/n mm i:/m is/m u/x AWMBAU IPS H/WB/X 14/04 U/»4 H/*4 H/*4 UH»I l«S M/*4U/04 11/*4 n/N M/W ?VO4 «/0i rtonDWK»«i«|i7s is/mit/m l»/w|30/— |<o/as |w/w| FEEDER SERVICE TO INDONESIA «l
      536 words
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      Page 34 Advertisements Column 3
      873 34 VESSaa VOY ISN 1 PW. JH) IMU I Lffl I RIM I HAW zg OOT~ vm PC SHANGHAI H3OW 3Q403 31AM 08/04 14AH aw 21/04 23W 28W4 3^04 VILLE D-ORON Y3OW 084)4 07A)4 15AH 2004 26AM 27/04 2BAM 3Q04 0106 VXEDEMR4QSA V3IW 1304 14AM 22/04 2704 03/06 04/06 0606 ~07/08
      873 words
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      Page 35 Advertisements Column 1
      52 35 VaTal STEftTfc Dial 740-6000 on demand (Retrieve more schedules!) Press "1" c -jC\ Select the port and key in 'Wl the four digit code —eg: To New York (NYC) 2275 Key in your fax number Jj? CTB^L^k STbaEnter your phone number Another innovative service offered by The document Will be
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      Page 37 Advertisements Column 1
      154 37 mmanrnm free Reader Enquiry Service cut out and fax to 65-*****29 n Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by:_ Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      154 words
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      Page 38 Advertisements Column 1
      145 38 ft j^QlEiiieiltA (FOREST PSOOUCTS SERVICE) FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAB EAST YESSU/YOY SW LABW CHAIAN6 gjjgA HONGKON6 BBMjjt GUARDIAN ANGEL SAILED SAILED SAILED MMVOYOM 07/04 09/04 13/04 IS/04 IK DOMVOYO,6 ,5/M ,7/M PASOUAU MAUTSIA- KNMSNMD TAWAU- CAKKMN KEKMT SVCS PORT KELANG AGENT: SUNSMP AGBKES (M) SON BHD P.
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      Page 38 Advertisements Column 2
      193 38 I SHIPPING LINE if Lf'lljf'll ■iVI 111 r _11 yy I J [nlll I LIBYA BENGHAZI TRIPOLI ypsami vomo wow swcooti puoaj WB date wnatm tmpou "M 1333 H.W.W 0003W 1103.W HtHESAH 2403-W 04.05.W 0706 W "Pffl 1337 OSO3W 15 03 W KO3W BMgBI 31.03.W 13.05W I3OSW IOttSIAH 1331 IMI3W
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      Page 38 Advertisements Column 3
      168 38 jSs ESP LINES WEEKLY ICI AMD fCI SERVICE —M Mtro BgSff ONTTAGONG, MAMAS lANGKOK. HONG ROM HAMBURG, MTTBMM MNNAY, COIOMBO JACAtTA. MANtA AKTWBtf, FUIBTOW! CAIQfTTA HO CM MINK HATHOH6 UtOUm COMTAHtiRISCD tNPONfSUM SBtVKI VC«I/VOTACt S'fOtl I HI I Sl» IW I ilt mmM/W4 n/a ?s/o am 31/w bmmh/mm-hm m/»3 vna
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      Page 39 Advertisements Column 1
      1099 39 -m—SAMUDERA shipping line ltd 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 C»lla/Je»»lca/Mel Chan/Jatlynn/Dora/Hanim EnS3323HS3QSHI 7 slgs/week [QB2iSZI3I 2 slg/week [VESSEL VQY SIN JAK [VESSEL IVOY 1 8X IPLB PANCARAN SINAR 149 24/03
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      Page 39 Advertisements Column 2
      1022 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I P«0 I S« JKT SUP HW I POO I «0 0Q« I HAL MTL I 0« I SAV I NEW I Ml I HOU HOEOMPTq /O*SO 70/03 75/03 20/07 05/03 27/03 31/03 06/04 00/04 OS/OS 00/05 00/05 17/05 16/05 21/05 25/05
      1,022 words
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      Page 39 Advertisements Column 3
      525 39 fffg Singapore Soviet Shipping CPL kVVV aibIOOSOMOOOOM k\V Skippbj PI w 33) auwvnum. VOY SIN BOM PNO PKL KOTA RATU RTUO3S 27/03 03/04 14/04 15/04 PERAK 12N 03AM 10/04 21/04 22/04 KOTA RUKUN RKNO33 00/04 10/04 27/04 26/04 VE»B- VOY %m CALCUTTA SIX M REGINA RGAOB7 29-30/03 04/04 16/04 SEA
      525 words
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      Page 40 Advertisements Column 1
      573 40 I VESSEL VOY SIN MAA SIN TIGER ISLAND 695N 26-27/03 02-04/04 09-10/04 TIGER PEARL 696N 30 30/03 06-06/04 13-13/04 TIGER SEA 697N 02-03/04 09-11/04 16-17/04 TIGER BAY 698N 06-06*04 13-15/04 20-2CVO4 TIGER ISLAND 699N 09-1004 16-18/04 23-24/04 TIGER PEARL 700N 13-13/04 20-22/04 27-27/04 IVESSEI^^^^VO^^SI^^CA^^SIJ^I DAFA 906 26-27/03 01-06/04 12 13/04
      573 words
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      Page 40 Advertisements Column 2
      1067 40 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: fiesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD CEBU LA EM CHABANG SAN ANTONIO ALEXANDRIA COLON, PANAMA MALTA SANTOS BUENOS AIRES ISTANBUL MEXICO CITY SHANGHAI CALLAO/ PERU IZMIR NEW DELHI XINGANG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices
      1,067 words
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      Page 40 Advertisements Column 3
      916 40 OOCL (Sinoopore) Pte Ud CFS Keppel Distrpk 79 Immtmi Ml-04 (5) *****6 1*513 #01-121 k—kimm M fl CK NO **********0H T«fc 272 7127 \4 T«t *****13 Fu 221 3942 Fit: 272 7825 1 mowv I Orient Overseas Container line I (Malaysia) Sdn Bhd (Rag No: *****2-u) cat I KTAUNGJAYA U
      916 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      121 41 LEGEND R Thunderstorm Temperature c X\ V Shower Weather V Wind dwect.on wrth speed m knots ee Rain Cloudy Sky Wove height Surface winds ore indicated by arrows which „<th the wind On* fcA cird* r«pr«Mnn coim or 10* and votittt* wind* i_ On. M, fUch. 5 10 o~.oK.m^, w^o
      121 words
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