The Business Times, 28 April 1999

Microfilm: NL21483
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    11 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, APRIL 28, 1999
    11 words
  • Article
    MARKET SUMMARY
    67 1 m *****9 (+6.77) BT-SRI 76L85 (+9.27) SOKSCI FUTURES 280.00 (+2.70) H MARKET MOOD: Mixed STOCK BASKET INDICES Tuesday Change KLSE COMP 67(1(12 -188 NIKKEI 16,957.27 +38.76 HANOSENG 11,364.79 +237.77 SET INDEX ***** +9.66 JAKARTA COMP —.*69.21 -11 MANILA COMP —2,420.86 +2818 TAIPEI WPt 7,660.13 -7496 SEOUL COMP *****
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  • Article
    FINANCE
    81 1 FOBEX BATES us* s$ USS 1.698 £(US$/S$ per 1.613 1740 EURO(US$/S$ per E) 1.063 1.806 DM 1.839 0.924 YEN 1195 1.422 RM 1800 0.447 HKS 7.760 0.219 BAHT 37.63 0.046 RUP1AH 8£55 0.020 St to 100 units PRIME RATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA 18.00 BANGKOK 14.75 MANILA
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  • Article, Illustration
    Salim sells UIC stake to Filipino in unconditional deal
    874 1  -  Tycoon Gokongwei to pay $311 m same price as Payson Cha's aborted offer Byy Conrad Raj [SINGAPORE] The Salim group has found another buyer in Filipino mandarin John Gokongwei for its 23 per cent stake in United Industrial Corporation, after Hongkong's
    874 words
  • Article, Illustration
    S'pore tycoon in bid to buy RM10b of Clob stocks
    557 1  -  Daim-linked Akhbar Khan proposes to take over stocks at 30%" discount: report From] Eddie Toh A FLAMBOYANT Singapore businessman with ties to First Finance Minister Daim Zainuddin has emerged as a major contender to buy over 10 billion Malaysian ringgit
    557 words
  • Article
    Asian stocks run up further gains
    238 1  -  Good showings in S'pore, HE and Tokyo bourses By] R Sivanithy [SINGAPORE] It was a good day for the region's stock markets yesterday as most continued to recover on the back of a firm overnight Wall Street, abundant liquidity and positive showings by regional
    238 words
  • Article
    Want good ideas from staff? Change work culture: survey
    386 1  -  Deference, aversion to risk blamed for staff keeping mom By, Audrey Tan [SINGAPORE] Senior managers in Singapore face an uphill task in persuading employees to share their ideas, two surveys by human resource consultancy Watson Wyatt suggest. The consultancy found in
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      191 1 dispe Money Matters Larry Wee picks out the tops and bottoms for the Sings, yen and euro, Pg 5 Indeo polls Yang Razali Kassim examines why there are speculations that Indonesia's upcoming elections may be postponed, Pg7 IMF's new vaccine Give the new IMF credit plan a chance, says Vikram
      191 words
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      10 1 KL can withstand flight of funds: central bank, Pg 6
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Housing market recovering, but office sector cautious: ET&Co
      684 2  -  More investment sales expected, with retail segment stabilising By\ Corinne Kerk STRONG demand has led to price increases in the residential market in the first quarter of this year, but the office sector remains cautious. Overall, investment sales will see more activity,
      FILE PHOTO  -  684 words
    • Article, Illustration
      Lock icon March visitor arrivals up 11.7%
      313 2  -  EYE ON TOE ECONOMY Tourism By\ Carol Eng VISITOR arrivals grew for the third straight month in March with an 11.7 percent increase year-on-year. This brought the first quarter's growth to 9.3 per cent, which means about 1.7 million foreigners visited Singapore during a.l i
      Source: STB  -  313 words
    • Article
      PowerSenoko launches $670m repowering project
      308 2 ELECTRICITY generator PowerSenoko yesterday launched a $670 million project to treble the capacity of Senoko Power Station's Stage 1 Development, which was commissioned in 1975. When completed, the exercise will add some 720 MW to the power station's generation capacity, said PowerSenoko chairman Peter Seah.
      308 words
    • Article
      Lock icon SP may buy 325m cu ft Indon natural gas per day
      232 2 Bloomberg SINGAPORE Power said it is likely to buy 325 million cubic feet of natural gas a day from the Asamera field in Indonesia to secure low-cost fuel supplies for its two power plants. Singapore Power will be the
      Bloomberg  -  232 words
    • Article, Illustration
      Lock icon S'pore Syngas may expand plant
      462 2  -  By Eugene Low THERE is a "good chance" that Singapore Syngas, a joint venture between Germany's Messer group and US-based Texaco, will invest another US$2OO million (Ss34o million) to expand the capacity of its synthetic gas plant on Jurong Island, says Messer group president and
      ARTHUR LEE  -  462 words
    • Article
      A robust desire in East Asia to see a rebound: Teo Chee Hean
      385 2 [WASHINGTON] Having tasted phenomenal success, East Asians have a robust desire to return to an affluent life and this "fire in their bellies" is a special reason why the region will bounce back. Minister of Education Teo
      385 words
    • Article
      S'pore-Canada R&D tie-up enters $3.6m second phase
      392 2  -  Five projects to get total funding of $2.9 m under scheme By' Tan May Ping A SINGAPORE-Canada research tie-up yesterday announced the second phase of a collaboration, in which $3.6 million has been allocated to fund selected projects. The National Science and Technology
      392 words
    • Article
      Telcos' advertising tab seen topping $100m in '99
      518 2  -  Existing players say they won't spend less than '98 figure, estimated at $76.4 m By Teh Hooi Ling ADVERTISING spendings by telecommunications companies could exceed $100 million this year, as the market gears up for more liberalisation. Existing players told BT that
      518 words
    • Article
      Lock icon Read-Rite's 14% global jobs cut to hit S'pore staff
      211 3 Bloomberg [MILPITAS, California] ReadRite Corp will be shedding an unspecified number of workers in Singapore as part of its plan to cut 2,500 jobs, or 14 per cent of its workers worldwide. The move comes as the No 1 maker of
      Bloomberg  -  211 words
    • Article
      Call to set up shareholders' association
      572 3  -  MAZLBAO Dr R C Cooper Singapore I MUST congratulate your writers Wong Wei Kong and R Slvanlthy on their very balanced presentation of the controversy over the government's decision to increase the duration of stock options from Ave to 10 years. Both writers have
      572 words
    • Article
      US$ dips below S$1.70 again in Day 2 of selling
      308 3  -  Bat fall may be limited by reluctance to see S$ strengthen too quickly By Larry Wee [SINGAPORE] The US dollar closed below 551.70 once again in Asian trading yesterday, after what traders described as a second day of selling by
      308 words
    • Article, Illustration
      Lock icon Union leaders aware of big picture
      314 3 That's why they backed wage cuts, says Boon Heng UNION leaders are aware of economic developments, sometimes even ahead of official statistics, and that is why they supported the wage cuts last year. In his May Day message for workers, National Trades Union Congress
      FILE PHOTO  -  314 words
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      227 3 SingS may be reaching a crossroads, Pg 5 IF THERE'S STRENGTH IN NUMBERS, HOW DOES US$2OO BILLION < > SOUND TO YOU? ..> In the world of insurance, size can be an overstatement to say that CGU responsibility are a part of our everyday be a reassuring factor. offers some
      227 words
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  • FOCUS
    • Article, Illustration
      Lock icon Go-getter with a macro view
      1003 4  -  Reputedly the Philippines' sixth richest man, John Gokongwei has his finger in many pies. The bold visionary doesn't mind the occasional scrap either By. Al Labita [MANILA] WHEN taipan John Gokongwei built a shopping mall here In 1987 costing 2.2 billion pesos (5J95.7 million today),
      FILE PHOTO  -  1,003 words
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      817 4 Central Office Mumbai- 400 021, India BALANCE SHEET OF THE STATE BANK OF INDIA AS ON 31ST MARCH 1998 BALANCE SHEET PROFIT LOSS ACCOUNT (000s omitted) (000» omitted) rivriiT s As On As On Year Ended Year Ended CAPTIAL 31.03.98 31.03.97 31.03.98 31.03.97 LIABILfTIES Schedule [current year) (previous year) Schedule
      817 words
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      766 4 I! The First Canadian Bank HQ Bank of Montreal II 129, St James Street, Montreal, Quebec H2YIL6, Canada I 11 Financial Statements for the fiscal year ended October 31,1998. I II x CONSOLIDATED STATEMENT OF INCOME I II As at October 31 (Canadian $In millions) (Canadian $In millions) looa 1QO
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Tops and bottoms of US dollar ranges
      1142 5  -  Where the key points in trading could be for the Sing, yen and euro By Larry Wee [SINGAPORE] THE comeback story for Asia whether or not it's the real thing continues to be led by stock markets. Of the stock indices that we
      Source: Bridge; Source: HypoVereinsbank  -  1,142 words
    • Article, Illustration
      Singapore dollar may be reaching a crossroads
      1111 5  -  Signs of economic recovery could signal stronger Sing in second half of year By Vincent Low THE Singapore dollar, which has been used actively as a funding currency in Asian carry trades in the past few months, has reversed abruptly from its depreciating
      1,111 words
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      144 5 how to buy a good PERSIAN CARPET 3 Distinct factors to consider rarity Depends on the the v Rn J LOCALITY where was made ASK^^kAv and the CONDITION. ARTISTRY 4L«9&M4 Depends on the GRACEFUL r y"L Jr^ flow of lines, careful balance of the different parts of the J- fl^L
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  • ASIA ON THE MEND
    • Article
      Lock icon Watchdog issues expose of Indon banking misconduct
      444 6 It says central bank collnded with bankers, four banks gave excessive loans AFP, Bridge News [JAKARTA] An Indonesian watchdog yesterday issued a book disclosing alleged bad practices by central bank officials and bankers, accusing them of having triggered the country's banking crisis. The
      AFP,; Bridge News  -  444 words
    • Article, Illustration
      Lock icon Taipei workers protest
      44 6 [TAlPElftatour activists unveiling a chart showing the number of jobs lost due to illegal factory closures since last year during a protest outside Taiwan's Parliament yesterday. The protestors demanded legislation to protect the rights and interests of domestic blue-collar workers. AFP
      AFP  -  44 words
    • Article
      Lock icon Asian rebound sustainable, say investment houses
      519 6 Much depends on electronics; China, Japan still face risks Bloomberg [SINGAPORE] Asia's economic recovery is well under way and sustainable, although risks persist in China and Japan and much depends on the electronics sector, economists from two investment houses said here yesterday. SG Securities
      Bloomberg  -  519 words
    • Article, Illustration
      Lock icon Decision on May 18 on US$600m Indon loan
      210 6 Bloomberg [JAKARTA] The World Bank will decide on May 18 on the dlsbursal of a US$6OO million (Ssl billion) loan for Indonesia, which the bank delayed on worries that the amount may be misused for political ends. Aid organisations and opposition groups
      Bloomberg; FILE PHOTO  -  210 words
    • Article
      Lock icon Danaharta to remove up to RM40b NPLs by June
      139 6 Bernama [KUALA LUMPUR] Malaysian Second Finance Minister Mustapa Mohamed yesterday said Pengurusan Danaharta Naslonal Bhd (Danaharta) is expected to remove up to 40 billion Malaysian rlngglt (5J17.9 billion) of non-per-forming loans (NPLs) by June. By mid-March, Danaharta had removed about RM22
      Bernama  -  139 words
    • Article, Illustration
      Lock icon G-7 push for action from Tokyo spurs talk of new budget despite denials
      641 6 Market* expect dollar to more within 117-123 yen range Reuters [TOKYO] Despite repeated government denials, the markets believe that Japan will soon have to take new steps to stimulate the economy and that Is likely to help
      Reuters; REUTERS  -  641 words
    • Article
      Lock icon KL can withstand flight of foreign funds: central bank
      513 6 AFP, Bloomberg, Bridge News, AFX-Asia [WASHINGTON] Malaysia could absorb an exodus of foreign portfolio Investment after Sept 1 when its exit levy on foreign funds is lifted, deputy central bank governor Zetl Akhtar Aziz said here on Monday. Even If the
      AFP,; Bloomberg,; Bridge News,; AFX-Asia  -  513 words
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      20 6 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. ■Mvk.Mii.rMii. Another Claeelfled Servlc#
      20 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Anwar back in court on sodomy charge
        102 7 AFP [KUALA LUMPUR] Malaysia's ousted deputy premier Anwar Ibrahim was back in court yesterday to face a new charge of sodomy less than two weeks after being sentenced to six years' jail for corruption. "It is not selective prosecution but malicious prosecution," Anwar
        AFP  -  102 words
      • Article
        Lock icon SET to delist six ailing firms
        71 7 Bridge News {BANGKOK] The Stock Exchange of Thailand's board of governors has resolved to delist six financially troubled firms after they failed to submit financial statements, the SET said yesterday. The six are property developers Ban Chang Group Pic, Star Block Group Pic, Univest
        Bridge News  -  71 words
      • Article
        Lock icon Sharp making viewcams in M'sia
        103 7 AFP [KUALA LUMPUR] A Malaysian affiliate of Japan's Sharp Corp yesterday announced plans to launch local production of viewcam video cameras and liquid crystal display (LCD) projectors over the next two months. Sharp-Roxy Electronics Corp (Sdn Bhd) said viewcam production would start next month at
        AFP  -  103 words
      • Article
        Lock icon Manila likely to stay on US watchlist
        75 7 AFX-Asia [MANILA] The Philippines is likely to remain on the US watchlist of intellectual property rights violators, even after the enactment of an IPR law, amid weak enforcement of IPRs particularly in high-technology industries, an official of the US embassy hi Manila said.
        AFX-Asia  -  75 words
    • Article
      Lock icon M'sian Internet users to top 1.2m by next year
      156 7 KUALA LUMPUR Bernama THE number of Internet users in Malaysia is expected to reach 1.2 million by next year, the Dewan Rakyat or Parliament was told yesterday. Deputy, Energy, Communications and Multimedia Minister Chan Kong Choy said there were were now
      Bernama  -  156 words
    • Article, Illustration
      Will Indon polls be postponed
      729 7  -  ASIAN VIEW A delay could perpetuate uncertainty and erode confidence in the post-Suharto system By Yang Razali Kassim WHATEVER his critics may say of him, Indonesian President BJ Habibie has surprised many with some of his political manoeuvres usually associated with seasoned tacticians like his
      729 words
    • Article, Illustration
      Lock icon Habibie sets Aug 8 for East Timor vote
      257 7 NUSA DUA, Bali, Indonesia Date chosen so he can report vote results to new assembly at end- Aug AFP INDONESIAN President B J Habibie said yesterday he had set Aug 8 as the date for East Timorese to vote on independence or
      AFP  -  257 words
    • Article
      Lock icon Vietnam tries to woo back US power investor
      430 8 HANOI If Oxbow rejects offer, Hanoi will seek new investors Reuters VIETNAM has made a final attempt to salvage a key US$36O million (*****.3 million) power project and woo back its disgruntled chosen partner, US-based Oxbow Energy Corp. But an official press
      Reuters  -  430 words
    • Article
      Lock icon M'sia vehicle sales surge 7.5% in March with cheap financing
      498 8 KUALA LUMPUR March's sales of 22,800 units are highest in 3 months as demand recovers Bloomberg MALAYSIA'S vehicle sales in March rose to their highest in three months, as lower interest rates drove consumer demand. Total vehicle sales, including cars
      Bloomberg  -  498 words
    • Article, Illustration
      Lock icon Thai workers protest against privatisation plans
      323 8 BANGKOK AFP THOUSANDS of Thai state employees yesterday staged a noisy but peaceful protest against the government's privatisation drive due this year under IMF-backed reforms. At least 5,000 people, some wearing headbands saying "Stop Selling the Nation" and chanting "We will fight together", rallied
      AFP; REUTERS  -  323 words
    • Article
      Lock icon Estrada brushes off KL protest over Azizah visit
      374 8 BORACAY Aquino has right to accept a friend in her own country, he says AFP PHILIPPINES President Joseph Estrada yesterday brushed aside Malaysia's protest over a planned visit by opposition leader Wan Azizah Wan Ismail, saying "we are a free country". The
      AFP  -  374 words
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      405 7 EPSON WUJ4O. BB THE POWER TO CREATE Leader of the pack. J/KKwr jf^r EPSON. High speed and photo-quality printing that put you miles ahead. t Improve business performance by leaps and bounds with an EPSON inkjet printer Incorporating EPSON'S exclusive Perfect Picture™ Imaging System and featuring: a 1440 x 720
      405 words
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      366 8 Jf CTTH JAYA HOLDINGS LIMITED II (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Jaya Holdings Limited (the "Shareholders") will be held at 13 Tuas Crescent, Jaya Boardroom Singapore *****7 on 19 May 1999 at 10.30 am for the
      366 words
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      130 8 Hotel 81 Palace Hotel 81 Orchid Hotel 81 Star Hotel 81 -Princess Hotel 81 Gold Hotel 81 Hollywood sho PP in B irexs Air-conditioned rooms Colour TV I 25 Lorons 16 Gevlane 21 boronsB Gevlane llLorone IBGerla*s 21 Lorone 12 Ge\lane 20 Lorone 20 Gevlane 6\ Lorone 8 Gwlane AiacM
      130 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Foreign businesses put off by poor returns in China
      483 9 HONGKONG Study: MNCs may be deciding there is no money in China and they've had enough IHT WHILE the barriers to doing business in China are widely known in business circles vague regulations, unscrupulous officials and arbitrary corporate partners, for instance
      IHT  -  483 words
    • Article
      Lock icon Beijing's private sector gaining lead in economy: IFC
      264 9 MANILA AFX-Asia CHINA'S private sector is becoming the leading component of the economy, the official Xinhua news agency reported yesterday, quoting International Finance Corp resident mission chief Davin Mackenzie. Mr Mackenzie said more private enterprises in China no longer feel the need
      AFX-Asia  -  264 words
    • Article, Illustration
      Lock icon Fragile – and it costs a bomb
      96 9 Fragile and it costs a bomb [HONGKONG] Carlton Rochell, Sotheby's managing directorfor southern China and South-east Asia, displays a rare porcelain 'chicken cup 'from the Chenghua period of China's Ming Dynasty after it set a record price for porcelain at the company's first ever Asia Week Chinese Ceramics auction here
      REUTERS  -  96 words
    • Article
      Lock icon China draft law to allow appeals against govt
      233 9 BEIJING AFP CHINA'S Parliament is to consider a draft law allowing both Chinese nationals and foreign citizens to challenge legal rulings all the way to the State Council, reports said yesterday. The draft law on administrative redress would permit "foreign citizens, people
      AFP  -  233 words
    • Article
      Lock icon BOC to set up asset management firm
      294 9 BEIJING New company to handle bank's bad debts, says head Bloomberg, Reuters THE Bank of China (BOC) one of the nation's four large state-owned banks plans to set up an asset management company (AMC) in the second half of the year to deal
      Bloomberg,; Reuters  -  294 words
    • Article, Illustration
      Lock icon Richard Li says Cyberport deal's 'more than fair'
      524 9  -  Govt still nnder fire over award of HKsl3b project Front Quak Hiang Whai in Hongkong PACIFIC Century Group chairman Richard Li yesterday defended the controversial awarding of the Cyberport project, saying the deal was "more than fair" for the Hongkong government and
      REUTERS  -  524 words
    • Article
      Lock icon Chinese to boost tax rebates to spur exports
      233 9 BEIJING Rebate hike applies to 20 types of goods inclading machinery Reuters CHINA expects to raise export tax rebates by 2.56 percentage points overall this year, the official Xinhua news agency quoted a top finance official as saying. Export tax rebates would
      Reuters  -  233 words
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      326 9 NOTICES To advertise call toll-free 1800-741 1883 Fax_NoJ4ll29B NOTICE IS HEREBY GIVEN that I, WONG WENG CHEONG of Blk 42, Tanglin Halt Road, #09-195, Singapore *****2, have applied for a 2nd Class Beer House Licence in respect of iM/s Keppel Poolside Cafe located at Keppel Club, Bukit Chermin, Singapore *****8,
      326 words
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      320 9 NOTICE IS HEREBY GIVEN that I, AU MAN KWONG of 16 Kew Drive Singapore *****7, have applied for a Beer House 2nd Class Licence in respect of M/s Tomarigi Food Chain Pte Ltd located at 50, Eu Tong Sen Street, Ist Storey Annex Singapore *****3, and that this application will
      320 words
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  • ASIA
    • Article
      Lock icon Japan plans to halve ministries, agencies
      212 10 TOKYO Bloomberg THE Japanese government has approved a plan to cut its bureaucracy by one-quarter, sacking more than 250,000 workers, in the next 10 years, in response to calls for it to cut costs. Prime Minister Keizo Obuchi's cabinet also plans to almost halve
      Bloomberg  -  212 words
    • Article
      Lock icon NZ minister sheds tourism portfolio
      261 10 WELLINGTON Result of policy dispute within tourism board Reuters NEW Zealand minister Murray McCully resigned his tourism portfolio yesterday amid a row over policy but will retain responsibility for sports, fitness and leisure. The minority government of Prime Minister Jenny Shipley has been under pressure
      Reuters  -  261 words
    • Article
      Lock icon Meet monthly reform targets or face sanctions, chaebol warned
      435 10 SEOUL New penalties are higher interest rates on loans, end to fresh loans, receivership Bloomberg SOUTH Korea delivered its strongest warning yet to top industrial groups, telling them to meet monthly reform targets presented to state-con-trolled creditors or face stiff new
      Bloomberg  -  435 words
    • Article
      Lock icon Seoul may inject more funds into Korea First Bank
      409 10 SEOUL US firm Newbridge says plan to take over the bank stays AFP SOUTH Korea's government may inject more funds into Korea First Bank, financial sources said, as negotiations for the bank's sale appeared to run into further trouble. The comments
      AFP  -  409 words
    • Article, Illustration
      Lock icon Another cloning success
      54 10 [TOMAKOMAI, Japan] Japanese scientists have succeeded in cloning the world's first Holstein calves, pictured here upon birth last week, from cells obtainedfrom milk at a research laboratory here. Snow Brand Milk Products Co said yesterday. Two calves were cloned from mammary gland cells extracted from cow's milk,
      REUTERS  -  54 words
    • Article
      Lock icon CIH virus strikes one million PCs in S Korea
      323 10 SEOUL Damage estimated at USs2som; 100,000 PCs in China also hit Bloomberg, AFP THE CIH computer virus struck as many as one million (or 15 per cent of) personal computers in South Korea on Monday, inflicting more than US$25O million (*****
      Bloomberg,; AFP  -  323 words
    • Article
      Lock icon Japan's retail sales fall 7.9%, dimming hopes of recovery
      306 10 TOKYO AFP SALES at large Japanese retail stores dived 7.9 per cent in March from last year, the government said yesterday, dimming hopes of a recovery in demand in the world's second largest economy. Large retail store sales fell a revised
      AFP  -  306 words
    • Article
      Lock icon Seoul strikes ease but unions vow to fight on
      500 10 SEOUL Subway strike ends, Korea Telecom workers won't start Reuters [SEOUL] Labour tensions in South Korea eased yesterday after subway workers ended a week-long strike, but metal workers began a partial stoppage and public sector labour unions staged protest rallies. Metal
      Reuters  -  500 words
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      210 10 NOTICE IS HEREBY GIVEN that I,TAY SWEE MENG of Apt Block 6, Boon Keng Road, *09-64, Singapore *****6, have applied for a Second Class Public House Licence in respect of M/s Net Restaurant located at 535, Clementi Road, Block 16, Level 2, Singapore *****9, and that this application will be
      210 words
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      7 10 I TODAY®***#. Lianhe Zaobao IfciiESßr «3E±JWg» gUUIC23%Rft
      7 words
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      88 10 nrr£/l THE WORLD'S LEADING v *r OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Since 1975 our worldwide staff of over 275 multi disciplined professionals including lawy«?ts, chartered accountants, chartered secretaries and bankers have provided /Mm confidential and cost effective company formation in all the major low tax areas Incorporation Fees from
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  • THE WORLD
    • Article, Illustration
      Lock icon Asia's middle classes badly hit by crisis: World Bank
      634 11  -  East A facing sharp reversal in efforts to fight poverty, says report From' Vikram Khanna in Washington ASIA'S lower and middle-in-come groups have been among the worst hit by the regional economic crisis, according to the World Bank's chief economist Joseph
      AFP  -  634 words
    • Article, Illustration
      Give new IMF credit plan a chance
      852 11  -  OOMMBMTAKT Pond's going into uncharted territory with contingent credit line By Vikram Khanna Urvi HE least costly way to f I 1 strengthen the strong" I was how IMF I managing director Michel Camdessus described the fund's new contingent credit line (CCL), which
      852 words
    • WORLD Watch
      • Article
        Lock icon Consumer confidence at 9-month high
        84 11 Reuters [NEW YORK] US consumer confidence shot to Its highest level In nine months In April, as plentiful jobs helped restore Americans' optimism to levels not seen since a financial crisis began to spread across the globe last summer. The Consumer Confidence Index rose to
        Reuters  -  84 words
      • Article
        Lock icon Start of recession in Germany?
        51 11 Reuters [HAMBURG] Bundesbank council member HansJuergen Krupp said yesterday that the German economy might be at the start of a recession. He said it was still unclear if the current slowdown was just a temporary downturn, but he said he expected German price stability to
        Reuters  -  51 words
      • Article
        Lock icon Fed may have to raise rates: Camdessus
        45 11 Bloomberg [WASHINGTON] The US Federal Reserve may need to raise Interest rates soon If the economy doesn't slow from its current pace of growth, IMF managing director Michel Camdessus told finance ministers and central bank governors yesterday. Bloomberg
        Bloomberg  -  45 words
      • Article
        Lock icon UK manufacturing workers losing jobs
        51 11 Reuters [LONDON] British manufacturing companies are continuing to shed workers at an alarming rate, a survey by the Confederation of British Industry (CBI) published yesterday suggested. The employer group's quarterly Industrial trends survey showed that the sector haemorrhaged around 54,000J0bs in the first quarter of
        Reuters  -  51 words
    • Article
      Lock icon IMF transparency reports likely by Sept
      273 11 WASHINGTON Reuters THE International Monetary Fund should be In a position by its annual meeting in September to introduce so-called "Transparency Reports" on all countries, Bank of England deputy governor Mervyn King said on Monday. Mr King, who chaired the group that six months
      Reuters  -  273 words
    • Article
      Lock icon Intel unveils faster Celeron, chipset for cheaper PCs
      401 11 SAN FRANCISCO It wants to lead the Bub-USsl,ooo PC market with new technology, design Bloomberg INTEL Corp, the No 1 chipmaker, unveiled a faster version of its Celeron processor and a new chipset that will lower the cost of a personal computer
      Bloomberg  -  401 words
    • Article
      Lock icon US to Europe, Japan: Boost growth
      383 11 WASHINGTON More needs to be done to prevent false recovery, Tokyo told Bloomberg WHILE global economic prospects are "better than many expected" at the height of the Asian currency crisis, Industrialised countries must do more to boost domestic growth In order to ensure the
      Bloomberg  -  383 words
    • Article, Illustration
      Lock icon Rags and riches
      68 11 [MOSCOW] An elderly invalid man on Monday begging for money from tycoon Boris Berezovsky, as he leaves the office of the Russian prosecutor-general Mr Berezovsky was formally charged on Monday with money-laundering and barred from leaving Moscow while prosecutors investigate his case. He is accused ofexpatriating hard
      AFP  -  68 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Why US mustn't close its doors to imports
      745 12  -  THB BOTTOM LDVB OPINION By Robert Reno The writer is a Newsday columnist Newsday MEASURED solely and narrowly by its merchandise trade balance, the United States is a nation slowly bankrupting itself, buying extravagantly abroad while its exports go unsold and its
      Newsday  -  745 words
    • Article
      IN OTHER WORDS
      126 12 This is not indefinitely sustainable economically and certainly not politically.' Robert Robin US treasury secretary, on why the United States cannot continue to soak up exports from Japan and the rest of Asia, sending the American trade deficit soaring. 'Air power is good for some things, but
      126 words
    • Article
      Oh no, not the haze again
      611 12 EDITORIAL THESE are testing times for Indonesia The nation needs to summon all its available resources to ensure free general elections come June 7, while at the same time setting the country's collapsed economy back on the road to recovery. Now the Association of
      611 words
    • Article, Illustration
      Lock icon The best leaders inspire others to do the impossible
      1226 12  -  They are impartial, open to new ideas, visionary and allow people to realise their potential By Mike Loh The writer is with Deloitte Consulting. He is the author of 'Re-Engineering at Work', published by Gower of England (1995,1997). The views in
      FILE PHOTO  -  1,226 words
    • Article
      Reforms pivotal to Korean turnaround, says IMF
      754 12  -  MAILBOX Hubert Neiss Director Asia and Pacific Department International Monetary Fund AS ASIAN countries emerge from crisis with earlier and stronger-than-expec-ted recoveries, we are seeing a new line of attack by the critics of the International Monetary Fund's role in Asia. Until only
      754 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Allen, Soon-Yi show off baby daughter
      361 13 PEOPLE Presumably adopted baby named Bechet Dumaine Allen in tribute to late soprano saxophonist Reuters [NEW YORK] Film-maker Woody Allen and his young wife, Soon-Yi Previn, have started their own family with a presumably adopted baby girl named for legendary jazz musician Sidney Bechet.
      Reuters; FILE PHOTO  -  361 words
    • Article, Illustration
      Lock icon The sick men and women of Asia
      450 14 A survey finds Filipinos, Thais and Singaporeans suffering more health woes than others AFP PIUPINOS, Thais and Singaporeans are more likely to have experienced health problems in the last 12 months compared to their Asian neighbours, a market information group said in Singapore
      AFP; FILE PHOTO  -  450 words
    • Article, Illustration
      Lock icon Nolan painting fetches record price
      317 14 ART AsB3B£oo offer by anonymous bidder a record for modern Aussie painting Reuters (SYDNEY] A painting by Sir Sidney Nolan of the outlaw Ned Kelly has been sold for a record price for a modern Australian painting, auctioneers Sotheby's said yesterday. The arresting image of
      Reuters; REUTERS  -  317 words
    • Article
      Lock icon Nod for drug takes weight off obesity problems
      880 14 HEALTH LAT-WP [WASHINGTON] The Food and Drug Administration (FDA) yesterday approved a medication that could help millions of obese Americans lose weight. Xenical, manufactured by Swiss medical giant F Hoff-mann-La Roche Ltd, produces modest weight loss by reducing the body's fat absorption
      LAT-WP  -  880 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      179 13 Where to wine, dine and H jsas Enjoy BIG discounts off house-pouring dnnks and been, with tasty snacks, jlf *> s Catch our talented Q dBHk local duo, who will <; JS serenade you with j* F popular love songs Jp T of today and yesteryear '\J if as well
      179 words
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      Page 13 Advertisements Column 2
      76 13 «V'. I available for: I private parties I company dinner and dance I conference I seminar and meeting. M HOTEL GRAND CENTRAL LIMITED I 22 Orchard Road/Cavenagh Road, I Singapore *****7 I Tel: 737 9944 Fax; 733 3175 I on predictions. ■n Advertise in Wine, Dine Entertain I" of The
      76 words
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      Page 13 Advertisements Column 3
      11 13 KT^ SKo 1 n ft 1 1 r JKKKmA. !kw™ ft*i
      11 words
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      Page 13 Advertisements Column 4
      140 13 An endless lunch and dinner a la carte buffet with 88 outstanding Cantonese dishes, prepared by Hong Kong chefs. Complimentary plate of Braised Whole Baby Abalone with Oyster Sauce and Braised Shark's Fin Soup with Brown Sauce will be served to diners. Lunch: *26.80 (Adult) *15.00 (Child) Dinner: *28.80 (Adult)
      140 words
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      Page 13 Advertisements Column 5
      133 13 MWENTURE wmgt 1-30 April 1999 The Best Australian i ;T Seafood Served \> Singapore Style with j A Aussie Wines 'Jg Australian seafood meat v V Ik done to the best to suit local H M j V taste. Lunch dinner. (s)■■.*«. Reservations: I 33) Orchard Raid. Singapore *****7 Rootff
      133 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1092 13 CRYPTIC CROSSWORD ACROSS R 5 5 5 g ■■6 P P 1 It's bound to be of use to a for- mJ eign traveller (&4) HI Hi H 6 Develop along the seventh g une(4 > i w r 9 National topic (7) jH| |H 10 Sailor with copper to
      1,092 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      68 14 ▲■■mam v THAI VILLAGE SHARKSFIN RESTAURANT Business Hours: 11.30 am 3pm, 6pm ~lopm Now I For dining in only. Available all day. Entitled to 1 per table only. 26 Anber Close Admiralty House. 345 1 9 Yung Ho Road. 225UEastCoastRo^ Sea View Hotel #01 -00 OW Nelson Road Sembawang Singapore
      68 words
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      Page 14 Advertisements Column 2
      551 14 INVITATION TO PUBLIC TENDER T NO.: 21/MAXUS-ADV/99 YPF MAXUS SOUTHEAST SUMATRA BV, a Production Sharing Contractor of the Indonesian State Owned Oil Company PERTAMINA, has a requirement for the supply of offshore power generation and accommodation facilities in the year 2000. For the provision of this supply of Gas Turbine
      551 words
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  • COMPANIES & MARKETS
    • Article
      Creative Q3 net to fall 35-45%: analysts
      575 15  -  Margins expected to hurt due to Brazil, DVD drive shortage, lower prices in andio By, Annette Pau [SINGAPORE] Analysts are expecting soundcard maker Creative Technology to report today a 35-45 per cent decline in net profits for its fiscal third quarter ended March,
      575 words
    • Article, Illustration
      ABN Amro offers three unit trusts for S'pore market
      332 15  -  The funds, its first launched here, will invest in Europe By Wong Wei Kong [SINGAPORE] ABN Amro Asset Management yesterday launched its first three unit trusts for the Singapore market, offering what it calls the portfolio approach to investment. The three
      332 words
    • Article
      Bulls play Footsie, ignoring growing Wall Street bubble
      676 15  -  HOCK LOCK SIEW Neil Behrmann THE London stock market is booming. The nasty slide in August and September last year is now only the faintest of memories, with the FTSE 100 Index of London's major companies now trading at record levels of
      676 words
    • Article, Illustration
      Lock icon Centrepoint Prop sees rising profits in '99
      478 15 It plans to soon sell three new projects one in Semb&w&ng and two in Tishnn Bloomberg [SINGAPORE] Singapore's Centrepoint Properties Ltd, the real estate arm of Fraser Neave Ltd, expects profit to rise in the year ending September 1999, as interest rates fall
      Bloomberg; FILE PHOTO  -  478 words
    • Article
      New player in Cam saga holding 21% stake
      213 15  -  By' Wong Wei Kong [SINGAPORE] A new substantial shareholder has come onboard troubled Cam International. Tommy Lam Wai Yin has acquired 51.2 million shares in the company, or 21 per cent of its share capital. Mr Lam bought the shares at 3.1
      213 words
    • Article
      IPO fever sees PTC subscribed 162 times
      202 15 [SINGAPORE] Poh Tiong Choon Logistics' initial public offer closed yesterday with a healthy 162 times subscription rate as IPO fever continues to grip punters. The company offered a total of 50 million shares 25 per cent its enlarged share capital at 19 cents
      202 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Telekom signs Internet deal with H-P, Microsoft
        295 16 Initial plan is to set up a South-east Asian version of America On-Line Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, the country's largest phone company, has signed on Microsoft Corp and Hewlett-Packard Co to help it launch a new Internet business, which it hopes
        Bloomberg  -  295 words
      • Article
        Stanchart wins race for Nakornthon?
        369 16  -  UK bank's execs seen at Thai bank's board meeting From Harish Hehta in Bangkok BRITAIN'S Standard Chartered Bank appears to be moving closer towards its goal of taking a controlling 69 per cent stake in Thailand's crippled Nakornthon Bank worth an estimated 4.8 billion baht
        369 words
      • Article
        Hup Seng Huat interim soars to $1.7m
        152 16 [SINGAPORE] Mainboardlisted Hup Seng Huat's interim profit for the half year ended Jan 31 shot up to $1.7 million from $166,000. However, group revenue dipped 11.7 per cent to $25.3 million. Earnings per share improved to 0.58 cent from 0.07 cent, while net
        152 words
      • Article
        Teamsphere expanding in Australia
        148 16 [SINGAPORE] Sesdaq-listed Teamsphere is expanding its presence in Australia through subsidiary Forbes Engineering Holdings. The specialist metals engineering group yesterday announced its plans to invest about A 5250,000 (*****,000) to set up a branch office in Sydney under the Forbes name. Besides being able to produce
        148 words
      • Article, Illustration
        Lock icon Renault chief calls on Obuchi
        60 16 [TOKYO] Renault chairman and chief executive Louis Schweitzer (centre) gestures as he talks with Japanese Prime Minister KeizoObuchi (right) while Nissanpresident Yoshikazu Hanawa looks on at the premier's official residence in Tokyo yesterday. Mr Schweitzer said that Renault and Nissan were looking closely at the
        REUTERS  -  60 words
      • Article
        Lock icon First Pacific to go for Indofood alone
        230 16 Bloomberg [HONGKONG] First Pacific Co said it ended its attempt to buy 60 per cent of PT Indofood Sukses Makmur, the world's biggest noodle maker, with Nissin Food Products of Japan, and will instead buy 30 per cent of the company by itself.
        Bloomberg  -  230 words
      • Article
        Lock icon Meralco Q1 net profit dips 0.8% to 1.1b pesos
        422 16 Secession eats into industry demand for electricity Bloomberg [MANILA] Manila Electric Co (Meralco), the Philippines' largest power distributor, said first-quarter net profit fell 0.8 per cent as industry demand for electricity shrank in the recession. Meralco earned 1.15 billion pesos (Sssl
        Bloomberg  -  422 words
      • Article, Illustration
        Lock icon Kingfisher merges with supermart group Asda
        233 16  -  Byi Carol Eng [SINGAPORE] Kingfisher, the owner of the Electric City chain in Singapore, is merging with a British grocery group to become one of the world's top 10 retailers by market capitalisation. Yesterday, Kingfisher said it is merging with the Asda group to
        FILE PHOTO  -  233 words
      • Article
        Lock icon SingTel seen growing on Internet Asian expansion
        537 16 Analysts say stock still has room to increase in price Bloomberg [SINGAPORE] Singapore Telecommunications Ltd may rise as it transforms itself from a stodgy, underachieving telephone monopoly to an exciting play on the Internet and Asia's economic recovery. At least that's what some
        Bloomberg  -  537 words
      • Article
        Compact placing out 10m shares to raise $2.7m
        114 16 [SINGAPORE] Compact Metal Industries is making a placement of 10 million new shares, or 5.05 per cent of its present share capital, at 30.5 cents each. DBS Bank has been appointed placement agent and the shares are being issued at a discount
        114 words
      • Article
        Lock icon ABN Amro to expand consumer banking in Malaysia
        300 16 Reuters [KUALA LUMPUR] ABN Amro Bank Bhd yesterday said it is aggressively moving into consumer banking in Malaysia and also plans to underwrite several domestic corporate bond issues this year. The bank, which until recently was mainly involved in corporate and investment
        Reuters  -  300 words
      • COMPANY Briefs
        • Article
          Robert Fleming buys stake in MMI
          55 16 [SINGAPORE] Disc component maker MMI Holdings yesterday announced that UK-based Robert Fleming has become a m«0or shareholder in the company. Robert Fleming, a unit of Hongkong-based, Singapore-listed British trading conglomerate Jardine Matheson Holdings, bought 3.5 million shares at $1.21 each, representing 1.43 per cent
          55 words
        • Article
          Popular plans Internet service
          44 16 [SINGAPORE] Popular Holdings has plans for an Internet service, the publishing group said yesterday. However, the service is unlikely to be launched soon and the launch date has not beendecided, Popular said in response to a commentary mThe Business Times.
          44 words
        • Article
          GE Life reduces stake in Times Pub
          55 16 [SINGAPORE] Great Eastern Life Assurance has sold some of its shares in Times Publishing—67s,ooo shares on April 21 at an average price of $2.66 each and another 750,000 shares on April 22 at around 12.70 per share, reducing its stake to 10.06 per
          55 words
        • Article
          Rotary Engg to build J Island complex
          74 16 [SINGAPORE] Rotary Engineering has set up a new subsidiary to build an integrated maintenance complex on Jurong Island. Wholly-owned Rotary IMC, which has an authorised capital of $10 million and paid-up capital of $2, will provide a comprehensive range of services to the
          74 words
        • Article
          Huan Hsin sets up US subsidiary
          50 16 [SINGAPORE] Huan Hsin Holdings has incorporated a wholly-owned subsidiary in the US to wholesale and market wire and cable, plastic injection and telephone access. California-based Integrated Products h*» an authorised capital of US$l million and paid-up capital of US$9OO,OOO, and will be internally ftinded.
          50 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon NTT in talks with AT&T on int'l data service alliance
        446 17 Not clear how pact would affect AT&T's planned investment in Japan Telecom Bloomberg (TOKYO] Nippon Telegraph Telephone Corp, the world's largest telephone company, says it's in talks with AT&T Corp to form an alliance covering international data transmission, the fastest
        Bloomberg  -  446 words
      • Article
        Lock icon AT&T Q1 profit rises 42% on 6.1% sales increase
        218 17 Bloomberg [NEW YORK] AT&T Corp, the largest US long-distance phone company, said firstquarter earnings rose 42 per cent, beating estimates, as it boosted sales at the fastest rate in at least two years. Profit from operations rose to US$l.7B billion (Ss3
        Bloomberg  -  218 words
      • COMPANY Briefs
        • Article
          Lock icon Microsoft buys Web-calendar company
          53 17 Bloomberg [REDMOND, Washington] Microsoft Corp said it bought Jump Networks, a'provider of Web-based calendar services, to enhance its e-mail offerings and catch up with Yahoo! and America Online. Terms of the agreement weren't disclosed. Jump Networks lets users access e-mail, address books and to-do lists from
          Bloomberg  -  53 words
        • Article
          Lock icon Sales rise for Europe's biggest retailer
          54 17 Bloomberg [COLOGNE] Metro AG, Europe's biggest retailer, said first-quarter sales rose 7.5 per cent, helped by an early Easter and rising cash carry sales. Sales amounted to 19.58 billion deutschemarks (SslB billion), ahead of the average forecast of 19.17 billion marks in a Bloomberg
          Bloomberg  -  54 words
        • Article
          Lock icon Union Carbide Q1 profit falls 90%
          77 17 Bloomberg [DANBURY, Connecticut] Union Carbide said first-quarter profit fell 50 per cent as declining prices led to a loss in its basic chemicals unit. It warned secondquarter earnings could be disappointing. Profit from operations fell to US$7l million (Ssl2o million), or 52 US cents
          Bloomberg  -  77 words
        • Article
          Lock icon Japan's Aiwa takes heavy profit fall
          64 17 AFP {TOKYO] Japan's audio equipment maker Aiwa said yesterday it suffered a 59.9 per cent fall in profit in the past year to March as the strong yen ate into export earnings. Aiwa, a Sony Corp subsidiary, said group net profit fell to 3.5
          AFP  -  64 words
      • Article, Illustration
        Lock icon ASX to acquire SFE in A$140m deal
        308 17 Reuters [SYDNEY] The Australian Stock Exchange Ltd said yesterday it would pay Asl4o million (*****.7 million) in a cash/scrip offer to acquire the Sydney Futures Exchange after the boards of both organisations unanimously agreed to merge. Shares in the ASX, which resumed trading
        Reuters; REUTERS  -  308 words
      • Article
        Lock icon Amazon to buy 3 online firms for US$645m
        320 17 Bloomberg [SEATTLE] Amazon.com Inc, the largest Internet retailer, agreed to buy three closely held online companies including rare book and music seller Exchange.com for a total of US$645 million (Ssl.l billion), mostly in stock. The other two companies are Accept.com, which is
        Bloomberg  -  320 words
      • Article
        Lock icon Sony Music suffers first loss in its music business
        400 17 Bat slump offset by Play Station unit; group profit falls 12% Bloomberg (TOKYO) Sony Music Entertainment (Japan) Inc. a subsidiary of the world's No 2 consumer electronics company, said group net profit fell 12.1 per cent as the first-ever loss for
        Bloomberg  -  400 words
      • Article
        Lock icon GEC to buy date networking leader Fore for US$4.5b
        409 17 NYT [LONDON] The General Electric Co of Britain, accelerating the European rush into the data networking business, said Monday that it had agreed to acquire Fore Systems Inc for US$4.5 billion (557.7 billion) in cash. Fore is a leading developer of
        NYT  -  409 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Fortis says no to SocGen offer to sell stake
        525 18 Informal request made as part of SocGen's bid to fight BNP takeover Bloomberg [BRUSSELS] Fortis, Belgium's largest financial company, turned down a request by Societe Generale SA to buy a stake in the French bank as part of its efforts to
        Bloomberg; FILE PHOTO  -  525 words
      • Article
        Lock icon Deutsche raises 3.1b euros from share sale
        285 18 Bloomberg [FRANKFURTJ Deutsche Bank AG, Europe's biggest bank, yesterday said it raised about 3.13 billion euros (555.7 billion) in a share sale to help finance its US$lO.l billion (5517.2 billion) acquisition of Bankers Trust Corp. The bank sold 59.5 million shares at 38
        Bloomberg  -  285 words
      • Article, Illustration
        Lock icon Global insured losses hit US$17.5b
        420 18  -  Figure more than doable '97 losses; surge due to billion-dollar disasters: Swiss Re By\ Soh Tiang Keng [SINGAPORE] Global insured losses from natural catastrophes and man-made disasters came up to US$l7.5 billion (5529.7 billion) last year, or more than two-and-a-half times the US$6.B billion in
        FILE PHOTO  -  420 words
      • Article
        Lock icon Vanguard funds come out tops, drawing US$18b in Q1
        411 18 Overall flows to stock and bond fond* down 51% in same quarter Bloomberg [BOSTON] Vanguard Group, the second-biggest US mutual fund company, is on pace to attract even more money to its stock and bond funds than 1998 when a record
        Bloomberg  -  411 words
      • SMALL Change
        • Article
          Lock icon Financial regulators meeting in HK
          62 18 Bridge News [HONGKONG] Hongkong's Securities and Futures Commission (SFC) will hold meetings with key officials from overseas financial regulators including UK's Financial Services Authority (FSA) on Friday morning, a spokeswoman said yesterday. She added the SFC will present its new corporate logo following the meeting
          Bridge News  -  62 words
        • Article
          Lock icon Colonial keen on more UK acquisitions
          74 18 Reuters [MELBOURNE] Banking and insurance group Colonial Ltd said yesterday it remained keen on further acquisitions in the United Kingdom to improve the company's competitive position. Chairman David Adam told shareholders at the annual meeting that Colonial, which hit the takeover trail in 1998
          Reuters  -  74 words
        • Article
          Lock icon Royal & Sun extends Tyndall offer
          104 18 Royal Sun extends Tyndall offer Bloomberg [MELBOURNE] Royal Sun Alliance Life Assurance Australia Ltd, a unit of Britain's third largest insurer Royal Sun Alliance Insurance Group pic, said yesterday that it had extended a takeover offer for Tyndall Australia Ltd after failing to buy as many shares as it needed.
          Bloomberg  -  104 words
        • Article
          Lock icon Chinatrust puts up Koo,Jr,for president
          116 18 Bloomberg [TAIPEI] Chinatrust Commercial Bank, Taiwan's largest privately-owned bank, said yesterday that the 35-year-old son of president and chairman Jeffrey Koo, Sr, had been nominated as the bank's new president Jeffrey Koo, Jr, now deputy president, was approved by the board in a meeting to
          Bloomberg  -  116 words
      • Article
        Lock icon Nicholas-Applegate to sell bond unit to WestLB
        210 18 NicholasApplegate to sell bond unit to WestLB Bloomberg [SAN DIEGO] Nicholas-Ap-plegate Capital Management LP plans to sell its US$9 billion (5515.3 billion) bond unit to Westdeutsche Landesbank Girozentrale, Germany's biggest state- owned bank, according to people familiar with the situation. WestLß Asset Management, a unit of the German bank, is
        Bloomberg  -  210 words
      • Article
        Lock icon Heavier losses likely: Sanwa, Yasuda
        258 18 AFP [TOKYO] Two major Japanese banks warned yesterday they were facing heavier than expected losses for the past year to March, as they struggle with poor profitability and heavy bad loans. Sanwa Bank Ltd said it was facing a heavy 470 billion yen (556.7 billion)
        AFP  -  258 words
      • Article
        Lock icon Korea First takeover may be delayed, warns Newbridge
        346 18 Differences over terms said to be patting deal at risk Bloomberg [SEOUL] Newbridge Capital Ltd, which agreed in December to buy a controlling stake in Korea First Bank, said the deal may not be completed by the deadline this Friday. The warning
        Bloomberg  -  346 words
      • Article
        April futures trade within fairly tight range
        169 19  -  SIMEX Reports MS& Singapore Index Christopher A Podbury, Jardine Fleming THE MSCI Singapore Index futures gained ground in trading yesterday on limited institutional buying. However, trading in the April futures contract was kept within a fairly tight range of only 3.8 index points
        169 words
      • Article
        Volume surpasses 20,000 to hit record high
        171 19  -  MS& Taiwan fatnres Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract has for the first time surpassed the 20,000 mark, establishing a record high of 24,930 contracts. The previous daily high was 18,434 contracts traded on Feb 23,1999. The
        171 words
      • Article
        Lock icon Oil prices drift sideways as traders await Opec's April output data
        301 19 EMERGY REPORT Reuters [LONDON] Oil prices coasted sideways yesterday as traders geared up for the first concrete clues on whether key producers are living up to supply cut pledges. Benchmark Brent blend crude oil for June delivery meandered to
        Reuters  -  301 words
      • Article
        Lock icon CURRENCY REPORT
        333 19 Reuters, Bloomberg London THE euro rose against the dollar and yen yesterday, strengthened by the perception that European policymakers would not allow it to slide unchecked. Traders began to ponder the wisdom of betting aggressively against the euro after Bundesbank president Hans Tietmeyer said on Monday that a
        Reuters,; Bloomberg  -  333 words
      • Article, Illustration
        Untitled
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        1,082 words
      • Article
        Untitled
        1683 19 SICOM FUTURES A pr27 IMBCS(Mamdosiflq«4SJ09n) RS51 C0NT8ACT(ScwtvA<j) CkMM VofcHM Odm low Srtt (to-ti) kJrt *9» 97.50 SO Jw99 ;99.25 99.25 99.25 100 250 -M99 W150 775 »0i25 275£P» M 105.25 275 0ct/0t< 99 ***** 975 IBS 3 CONTRACT (US c»tfs/k« VoJwm Qbm HH» taw Srtt (tawm) tatomt •toyW 5100 150
        1,683 words
    • Article, Illustration
      Lock icon HONGKONG
      1391 20 AFP P Hang Seng *237.77 HONGKONG share prices closed 1.8 per cent higher yesterday on selective buying by foreign investors following overnight gains on Wall Street, dealers said. The key Hang Seng Index gained 237.77 points to close at 13,364.79, a day after cracking the psychological 13,000point level for
      AFP  -  1,391 words
    • Article
      WORLD STOCK MARKETS
      2261 20 LONDON Industrials «ar y Poind 31 Group 6.76 -0.09 A B Foods 4.49 0.12 A B Ports 2.78 0.03 Allied Oomecq 5.13 -0.08 AHied Zurich 8.34 0.07 Anglo American GoM 38.80 -0.30 ASOA Group 2.01 0.06 Bank of Scotland 9.28 0.15 Barclays 19.65 0.01 B«SS 9.80 0.28
      2,261 words
    • Article, Illustration
      Lock icon CHINA
      539 20 Reuters Q Shenzhen B Index -L 53 SHENZHEN'S hard currency B shares fell nearly 3 per cent yesterday. Turnover was light as losses in domestic A shares and poor corporate 1998 profits scared off buyers. The B share index fell 1.53 points, or 2.67 per cent, to 55.60 on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  539 words
    • Article
      Lock icon TAIPEI
      323 20 AFP □WPlnta -78J6 TAIWAN share prices closed one per cent lower yesterday as the index retreated after a series of steady gains in recent days, analyst said. "It was about time the index pulled back for consolidation," said Cooper Liao, manager of Jih Sun securities. The TSE Weighted Price
      AFP  -  323 words
    • Article
      Lock icon TOKYO
      1606 20 AFP □Nikkei 225 ♦38.7» TOKYO'S key stock index edged up 0.2 per cent yesterday after the Group of Seven industrial nations prodded Japan to take additional economic stimulus measures, brokers said. Foreign investors bought back banking issues and also chased high-tech issues' following a rally in New York's technology-heavy
      AFP  -  1,606 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8802 21 MOUS TRIALS Conswmr products 1999 Last Vol Day Net Cap Hlffc Lew jg» 'OOP High Law HI $mH 310 255 Ajinomoto 300 5 13 306 297 16.6 121.6 83 46 Angkasa 66 9 90 79 66 97.3 283 220 Apollo Food Hlg 252 -8 10 260 252 8.8 100.8 204
        8,802 words
      • Article, Illustration
        Lock icon Shares edge lower on technical correction
        414 21 AFP P Composite Index -3.88 MALAYSIA'S key share index ended 0.6 per cent lower yesterday in a technical correction foUowing recent sharp gains. "The stock market has been overbought. The correction is not surprising," an institutional dealer with a local brokerage said. The dealer
        AFP  -  414 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2198 22 32 Wk L.»t Voi Day Laat Ouott Avg HIgh Law Stwo Company lata ♦f fOOO) High Law Myw W Wca 23 3 3160 A Acar ******1 US$ 21 *13 1419 23 203 203 22 ~j 28 4.5 s 3164 Acma ******4 24.5 -1.5 599 26 24.5 24.5 25 25 30
        2,198 words
      • Article
        CLOB INTERNATIONAL
        231 22 61 Or S2-WH Last Vol Day Last Owti OK OK YM NX M Cap Mfh Law Mna Company Sat* (OOO) Mlph Law Buyor SaPar C'vr P/l Jmtl 345 173 5123 COL (2000) MK 330 cd 315 330 8 2.4 2.4 16.9 6389 4 5124 Camay Pat 20c HK_720
        231 words
      • Article
        Bonvests 2002: decent set of numbers
        178 22  -  WARRANT WATCH -By R Sivanithy WHENEVER we've used the BlackScholes pricing model over the past couple of weeks, we came to the conclusion that the warrant in question is overpriced. This is because the hectic punting in the penny warrant segment has pushed valuations
        178 words
    • Article
      Lock icon WELLINGTON
      298 22 AFP H Wellington «gU» NEW Zealand stock prices rose 1.5 per cent yesterday to a 1999 high, propelled by rallies in Telecom Corp and the pulp, paper and forestry stocks. The NZSE-40 Capital Index finished up 34.56 points at 2271.07. Turnover was a modest NZ$7B million. AFP my «a
      AFP  -  298 words
    • Article, Illustration
      Lock icon BANGKOK
      897 22 AFP n SET latex +M 6 THAI shares grew 2.3 per cent at the close yesterday as investors weighed into selected banks on the back of recent loan quality figures and positive regional sentiment, dealers said. Analysts said the market traded in relatively heavy volumes as investors rushed to
      AFP  -  897 words
    • Article
      Lock icon SEOUL
      392 22 AFP F1 Composite Indei +17.68 SOUTH Korean share prices closed 2.3 per cent higher yesterday amid signs of easing labour unrest and a belief the economy is improving, dealers said. They said share prices rose sharply at the opening before yielding to heavy programme selling by mid-morn-ing. They rebounded
      AFP  -  392 words
    • Article
      Lock icon SYDNEY
      662 22 AFP IHiAll Ordinaries *1&5 SHARE prices posted firm gains across most sectors yesterday, rising 0.5 per cent on the back of strength in overseas markets, brokers said. The All Ordinaries Index closed up 15.5 points at 3,145.2. The All Industrials Index firmed 27.1 points to 5,583.6, while the All
      AFP  -  662 words
    • Article, Illustration
      Lock icon JAKARTA
      725 22 AFP Q ComDoate Index -L 2 INDONESIAN shares closed slightly lower yesterday with some profit-taking on rising political concerns but with buying interest from foreigners seen in selected blue chips, dealers said. "In general, the market was weak due to political uncertainty," a dealer at a regional brokerage said.
      AFP  -  725 words
    • Article
      Lock icon MANILA
      322 22 AFP Bjtafc ****** PHILIPPINE share prices closed 1.1 per cent higher yesterday due to foreign buying. "There are more values today and greater liquidity because of foreign buying," Jean Aquino of Summit Securities said. The Composite Index added 25.38 points to 2,420.85. A total of 1.4 billion shares worth
      AFP  -  322 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6738 23 Transaction date: Apr 27 w Last v«4 Day Last Ouata ON Ot» W HlgH L— IW» Cl»ll> fah rOOO) MM> Law Myar imr CV MULTHNOUSTtY 120 17.5 m b 1000 Acma 50c 99.5 cd -1.5 874 103 99.5 99.5 100 10 3.3 5 8-2
      6,738 words
    • Article
      SESDAQ
      1321 23 *L—r two Ciwnay uS COOP) mrjrn* 0 »al>ac Cw Wt *3 p£2 MAMUFACTIIMM i 179 30 C 2049 AS Auto 10c 1T7 uncft 1677 120 115 t17 IIS IS N 7 13 K 1333 118 ,2 s e 2 S? I JS T t 715 »9 I nj M3
      1,321 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        380 24 «wla ¥ok—o Frt Links 20c 58,654,000 DragonLand 10c 18,181,000 UIC 14,464,000 Roly IntUSIOc 12,079,000 Frt Links Wt02 11,312,000 Pac Amies US20c 10,703,000 GES Intl Ltd 20c 10,274,000 Hotung Inv NTS 10,043,000 CM Telecom HK75c 9,881,000 Lim Kah Ngam 9,044,000 Stocks 08S Foreiqn 54,947,585 OCBC Foreign 35,935,764 SPH 21.274,064 SingTel 15c
        380 words
      • Article, Illustration
        Heavy play on US$ stocks as blue chips pull back
        647 24  -  STOCK MARKET COMMENTARY STI seen testing 1,900 soon, possibly once the overhang from last week's ▼olnme is cleared By R Sivanithy PUNTERS plunged enthusiastically into US-dollar issues yesterday in a frantic bid to find value in a laggard segment while
        647 words
      • Article, Illustration
        HOT STOCK
        60 24  -  By Wong Wei Kong DRAGON Land closed up one cent at US$O.l5 yesterday on a volume of 18.2 million shares, compared with its 10-day traded average of 3.07 million units. The stock is at a new 52-week high but is looking toppish based on technical indicators such as
        60 words
      • ON THE GRAPEVINE
        • Article
          Top Indon bonds recovering
          105 24 HIGH-QUALITY Indonesian bonds are back on investors' radar screen. According to an Asian credit strategy report by Merrill Lynch, these bonds have now started to recover values as investors buy in the belief that the bad situation in the country is already reflected in their price.
          105 words
        • Article
          Off-balance sheet items explained
          125 24 IT looks like Singapore banks' presentation of their off-balance sheet items still has some way to go when compared to US companies. Take American Express Company's 1998 annual report, for instance. In note 7, which runs for three pages, it explains in detail its derivatives and
          125 words
        • Article
          Nostradumb-dumb?
          206 24 AN academic at the equivalent of an Ivy League college in South Africa has trawled through the prophecies of Nostradamus to come up with a chilling prediction. University of Stellenbosch professor of political science Willie Breytenbach says his reading shows that World War in will start in July in
          206 words
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      609 15 Seminar on Finance for Non-Financial Managers As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction
      609 words
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      200 16 JVBN-AMRO NEW APPOINTMENTS ABN AMRO Singapore Branch announces the appointment of two new Vice Presidents: Mr. Victor Bay Swee Huat has joined as Vice President and Head Consumer Banking, Singapore. Mr. Bay spent almost ten years with HSBC where he held various positions in Personal Banking, Trade Services and Corporate
      200 words
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      Page 18 Advertisements Column 1
      139 18 FREE $20,000 OFFICEM AKEOV ER L_ I Bmi. fcifay^-', 1 K H Jhhßh|^jyj|^||s. TWO WAYS TO WIN! llf your present off,ce.sra.edugl.rst by A A Subm.t your friend', or employer's off.ee and our we will do a makeover and you w.ll be entered .Mo our Lucky Draw to win furn.sh a
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      Page 18 Advertisements Column 2
      18 18 Sunday Classified fa 1 at Clarke Quay [c^rs] Every Sunday, 9am spm Buy N. Sci It. Find It.
      18 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      108 20 NOTICE IS HEREBY GIVEN that I, GOH BIAN AUN, STEVEN of Blk 310, Jurong East St. 32 *13-294 Singapore *****0, have applied for a Retail liquor Shop Licence in respect of M/s 7-Eleven located at Blk 623, *01-216 Choa Chu Kang St 62 Singapore *****1, and that this application will
      108 words
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      Page 20 Advertisements Column 2
      104 20 NOTICE IS HEREBY GIVEN that I, TAN KOK HUAT of Blk 573, Hougang St 51 *05-27 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 153, *01-546 Serangoon North Ave 1 Singapore *****3, and that this application will be considered by
      104 words
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      Page 20 Advertisements Column 3
      108 20 ft NOTICE IS HEREBY GIVEN that I, TAN TOH LIANG, IGNATIUS of Blk 296, Choa Chu Kang Ave 2 #(>9-04 Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 634, #01-112, Bukit Batok Central Singapore *****4, and that this application will
      108 words
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      Page 20 Advertisements Column 4
      104 20 NOTICE IS HEREBY GIVEN that I, LIM YEE YEN of Blk 309, Woodlands Ave 1, #01-327 Singapore *****9, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 303, *01-189 Woodlands St 31 Singapore *****3, and that this application will be considered by the
      104 words
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      Page 21 Advertisements Column 1
      103 21 NOTICE IS HEREBY GIVEN that I, ANTHONY FRANCIS of Blk 605, Choa Chu Kang St 62 *04-153 Singapore *****5, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 768, #01-06, Woodlands Ave 6 Singapore *****8, and that this application will be considered by
      103 words
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      Page 21 Advertisements Column 2
      103 21 NOTICE IS HEREBY GIVEN that I,TEO HAI GUAN of 77 Kismis Ave Singapore *****4, have applied for a Beer House, First Class Licence in respect of M/s Cafe 77 located at No. 317 Outram Road *02-40/41/42 Concorde Shopping Centre, Singapore *****5, and that this application will be considered by the
      103 words
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      Page 22 Advertisements Column 1
      103 22 NOTICE IS HEREBY GIVEN that I, GOH SUAT HOON of Blk 2, Holland Avenue *13-92 Singapore *****2, have applied for a Retail Liquor Shop licence in respect of M/s 7-Eleven located at Blk 959, *01-156 Jurong West St 92 Singapore *****9, and that this application will be considered by the
      103 words
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      Page 22 Advertisements Column 2
      100 22 NOTICE IS HEREBY GIVEN .that I, HO SUNNY HO of Blk 46l,HougangAve 10,#06-978 Singapore *****1, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 681, #01-821, Hougang Ave 8 Singapore *****1, and that this application will be considered by the Liquors Licensing Board
      100 words
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      Page 22 Advertisements Column 3
      102 22 NOTICE IS HEREBY GIVEN that I, NG YEW MUN of Blk 153, Gangsa Road #10-319 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 888, #01-705 Woodlands Drive 50 Singapore *****8, and that this application will be considered by the Liquors
      102 words
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      Page 22 Advertisements Column 4
      105 22 NOTICE IS HEREBY GIVEN that I.YEO GUAN HOCK of Blk 317 *20-211 Ang Mo Kio St 31 Singapore *****7, have applied for a Retail Liquor Shop Licence in respect of M/s 7-Eleven located at Blk 492, #01-72 Jurong West St 41 Singapore *****2, and that this application will be considered
      105 words
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      64 23 Citibank Margin Trading Account Trade up to 2.5 timCS your share value or withdraw CASH ou it. Call 339-7126 now. THE CITI NEVER SLEEPS It r.l ii« li» v ;i I I sli«ii I <i n ,i i. v < > i i v i s ii .ii ii i<,i
      64 words
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      Page 24 Advertisements Column 1
      514 24 NOTICE IS HEREBY GIVEN that I, ALLAGAN STEVEN of Blk 821, Jurong West St. 81, #07-488 Singapore *****1, have applied for a Beer House Ist Class Licence in respect of M/s Mary's Eating House located at 46/48 Bencoolen Street Singapore *****4, and that this application will be considered by the
      514 words
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      Page 24 Advertisements Column 2
      515 24 DBS investor Online. The daily diary of Asia's markets. Get informed. Call 438-1188 taiiy gjDKSBANK In the mailer of the Companies Act, Cap. JO HAKANSSON ENTERPRISE (SINGAPORE) PTE LTD (Incorporated In Singapore) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 3
      515 words
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      Page 24 Advertisements Column 3
      421 24 bi the matter of the Companies Act. SO PP. INVESTMENT CORPORATION PRIVATE LIMITED (Incorporated In Singapore) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 5 Shenton Way #02-09 UIC Building (Podium). Singapore *****8 on 21ft April 1999 the following resolutions were
      421 words
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      Page 24 Advertisements Column 4
      339 24 NOTICE IS HEREBY GIVEN that I, LEONG YEW KJEN of Blk 923, *11-54, Hougang Ave 9 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Lian Yew Mini-Mart located at Blk 268, Bishan Street 24, *81-170 Singapore *****8, and that this application will be considered
      339 words
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      Page 24 Advertisements Column 5
      331 24 NOTICE IS HEREBY GIVEN that, I TOH SIEW MUE of Blk 283 Choa Chu Kang Ave. 3 #03-400 Singapore *****3, have applied for a Beer House, First Class in respect of M/s Ah Mei Bak Kut Teh located at Blk 253 Choa Chu Kang Ave. I#B 1-17 Singapore *****3, and
      331 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      297 25 Bridge News, Reuters There were rumours in late trade that Louis Dreyfus has covered an end-April cargo on the US Gulf to Japan run at a much higher U5518.35 without combination port discharge. TANKER& Trading was lacklustre here with a shortage of new cargoes and rates continuing to
      Bridge News,; Reuters  -  297 words
    • Article
      MARITIME STOCKS
      275 25 11 M ■>«_ CWT Distribution 0.90 -004 SK> ChuanHup 0.95 -0.01 4S9 Cosco Investment 1.06 unch 1331 Fr*MM Unto 0.29 a 02 3M54 GBHMdhigs 037 0.03 401 H«l Sun Hup 0.65 unch 976 IMC HoMlng«-fW —5.60 tncti 0 J4ya Holdhlft 0.92 -0.03 1732 Jurona Shipyard 7.40 -O.OS 133
      275 words
    • Article, Illustration
      Lock icon Transhipments to form new Johor port's main lifeline
      608 25  -  Tanjung Pelepas to be completed in 2001 expects domestic cargo to amount to only 20% of business By] Marcus Hand [SINGAPORE] Tanjung Pelepas, a major new container port development in southwestern Johor, is targeting for 80 per cent of its business to
      MARCUS HAND  -  608 words
    • Article, Illustration
      Lock icon Kosovo war may hurt profits: Carnival
      218 25 Bloomberg [MIAMI] Carnival Corp, the world's biggest cruise-line company, warned that the Kosovo military conflict could cut its fiscal 1999 earnings as Mediterranean cruise bookings have slowed. Miami-based Carnival said estimates assume the conflict will continue for a prolonged period. The company said the
      Bloomberg; FILE PHOTO  -  218 words
    • Article, Illustration
      Millennium bug: better safe than sorry
      492 25  -  STRAIT TALK By< George Joseph NO one on earth can say for sure that nothing untoward will happen during that epic crossover to the new millennium on midnight of Dec 31. No, not even a Bill Gates. The Millennium Bug, as the problem with
      492 words
    • Article
      80% of shipping sector to be Y2K ready by June
      343 25  -  MPA expects rest of industry to be compliant by year-end Byi Marcus Hand [SINGAPORE] Some 80 per cent of shipping companies and port terminals will be Y2K ready by June, and the rest by year end, according to the Maritime
      343 words
    • Article
      Critical to manage ocean environ
      172 25 [SINGAPORE] The need to "properly manage" the world's oceans and marine environment has become increasingly critical in recent years, a government minister told the opening of a marine science conference here yesterday. "It is imperative that the oceans' resources be properly managed as marine-based activities
      172 words
    • Article, Illustration
      Lock icon Tankers chasing too little oil
      944 26 Oil. FREIGHT RATES Drop in shipments force shipping rates for crude oil vessels on the Gulf-Asia route to a 12-month low Bloomberg [SINGAPORE] OIL tanker owners are looking at a slump in earnings this year as shipping rates for crude oil vessels on the Gulf-Asia
      Bloomberg; FILE PHOTO  -  944 words
    • Article
      SHIPPING SCHEDULES INDEX
      322 26 PAGE Frota 11 ANL 3 Frt Links 12 Accord 8 Link Ahrenkiel 12 Gemartrans 8 AASCO 12 5?" 1 '< Asia OCl 5 12 Appenship 5 n S Hu|> Austral 8 4 Ayant 12 H n > ln 3 Btang Mas 8 4 BSA 7 3 BTL
      322 words
    • Article
      SHIPPING GUIDE
      19374 33 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 05/05 31/05 Norsul CSAV SINGAPORE OWS 45-37*033 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/05 01/06 Deimas csav Singapore ows 45 *****44 04/05
      19,374 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        681 39 Vessel Voy No Berth Arrival Departure *ra Prj«*sh fM IS »lon«jid« U?i£S2, Btiutul II2 9906 J02 Jta*** Bt a **J3 *****9 JOI '•W* 27-oyaw Bt CM 12 *****9 JOI itongsKX 27.04/1800 81 Hi NO795 *****9 JOI itonpid* 28.04/0100 Bt S*pti *****9 JOI Mngsid* "*52*° c Progress 27/04 J09
        681 words
      • Article
        CONTAINER SCHEDULES
        1772 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Batinc* Rstls Ship Voy No Etb/Btr Portod From To From if, i*. OKI 30/0700 M vmt» vrwst 17/1900 0 27/1500 27/1*59 27/7900 a 27/1700 21/0*59 21/0*0 21 27/1700 21/0*59 21/0100 21/0700 2V*99 WW 4 21/1200 21/V959 21A700 7 9915 30/1700
        1,772 words
      • Article
        GLOBAL HOLIDAYS
        180 39 Apr 29 Japan: Greenery Day. Apr 80 Denmark: General Prayer Day. Finland: May Day Eve. Mayl Greece: Labour Day. Germany: Labour Day. Austria: Labour Day. Belgium: Labour Day. China: Labour Day. Finland: May Day. France: Labour Day. May 8 France: V ictoria Day. May 13 Indonesia: Ascension Day.
        180 words
      • Article
        COCKETT BUNKER MARKET REPORT
        771 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on average sized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        771 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        426 39 180 Ma 995.1 0.9 19.8 0.10 66 0.09 r>imtti Uattf tnniln Ask ajmmMk SttfhMfft Ho Abovt E2S 1 0 12 *fli2 MO Avf 987.3 0.4 13.0 0.07 43 0.02 *JJ2 380 Mm 994.2 tO 19.5 0.11 250 0.05 M/W3 %vff %M/tt %H/H mt No*—>635 3 1
        426 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon FAA orders inspection of Boeing bulkheads
        375 40 aviation safety Order covers about 500 737-100 through 737-500 planes for fatigue cracks Reuters [WASHINGTON] The Federal Aviation Administration on Monday ordered certain Boeing 737 aircraft checked for fatigue cracks in the aft pressure bulkhead that keeps the cabin air-pressure comfortable. The order covers
        Reuters; FILE PHOTO  -  375 words
      • Article, Illustration
        Lock icon Flexible Premacy
        52 40 [TOKYO] Mazda Motor Corp president James Miller showing how bicycles can be stored in the back of the new five or seven-seater compact car Premacy at a Tokyo hotel on Monday. The seats can be rearranged in various ways within the car, which measures about 4.3 metres in
        REUTERS  -  52 words
      • Article
        Lock icon War rages among India airlines
        201 40 Reuters [NEW DELHI] Slack summer traffic has prompted cutthroat competition between domestic airlines in India, with one reducing its fares and another increasing the frequency of flights, airline officials said on Monday. Two of the three domestic airlines Sahara India Airlines and state-run Indian Airlines
        Reuters  -  201 words
      • Article
        Lock icon New radar inadequate: FAA
        310 40 NYT [WASHINGTON] The US Federal Aviation Administration said on Monday that a new traffic control system for low-er-altitude aircraft, already several months behind schedule, still cannot run fast enough to serve in busy environments. The agency had hoped to begin using the system in Boston last
        NYT  -  310 words
      • Article
        Lock icon Northwest to decide on fleet change this year
        402 40 Airline will be looking at price, training and spare parts costs Reuters [CHICAGO! Northwest Airlines Corp is likely to decide this year on whether it will choose Boeing Co or Airbus Industrie aircraft to replace its ageing DC-9 fleet. But despite a
        Reuters  -  402 words
      • LOG Book
        • Article
          Lock icon Lufthansa denies losses report
          124 40 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's second largest carrier, rejected a report in Der Spiegel magazine that it is losing 10 million deutsche marks (559.3 million) daily as a result of Nato's air campaign against Yugoslavia. Lufthansa said the figures mentioned in the's article "lack all
          Bloomberg  -  124 words
        • Article
          Lock icon CPA, SAA in talks over alliance
          56 40 AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd and South African Airways are in talks about a possible code-sharing alliance, the Hong Kong Standard reported, quoting Cathay Pacific corporate communications manager Quince Chong. Mr Chong said an announcement would be made in the next couple of
          AFX-Asia  -  56 words
        • Article, Illustration
          Lock icon Skymark to boost Tokyo-Fukuoka fare
          131 40 Bloomberg [TOKYO] Skymark Airlines Co, a Japanese discount airline, said it will increase fares on its Tokyo-Fukuoka flights from July 1 to Sept 30 because it needs funds to expand. Skymark, which started operations in September, will boost its one-way fare between the cities to
          Bloomberg  -  131 words
      • Article
        Lock icon Support for Boeing shareholder's call
        285 40 Reuters [LOS ANGELES] A shareholder proposal to change the way Boeing Co elects its directors won the support of a majority of shares voted at the company's annual meeting on Monday. The proposal that Boeing put up its entire board of directors for reelection annually
        Reuters  -  285 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1761 40 an man cia ruan ti» so2qob an MUM AA8230 1900 FMi S09M IMS S0990 0105 25 rm.irti.il m cos zo« COH o« "j* NmmI VH741 1310 VW742 0905 Aatt«*■ KL843 0435 HL838 2300 S0T75 1830 S0T76 1405 5023 0705 WIMP MIO MTM MI891 mO M892 0T35
        1,761 words
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      Page 25 Advertisements Column 1
      18 25 Tankers chasing too little oil Rates for crude oil vessels on Gulf-Asia route at 12-month low. Page 2
      18 words
    • Advertisement
      Page 25 Advertisements Column 2
      154 25 FAA orders inspection of Boeing bulkheads 500 737 planes to be checked Back Page travels fast 1\ sl\( i AIM)RL when you want to reach out to a select target audience in the transport and logistics industry only one daily otters you the advantage ot maximum reach at minimum cost
      154 words
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      Page 26 Advertisements Column 1
      1137 26 I NORTH AMtPKA I I IXPOWf I I OTWM P«T/AUr75Sg-| S3X-»UW6HUm«toMt«.tt**WTOLt Of CdrffMl I vusa wr lUSM nos* iombacn mum moustoh okmo WW ran uncoarr I n uuiaTT ommmima I uuu am «n— "HBTr- U7ST" H7lr fl/« -B7JT H7IT- -R7ST ~J7753 M cuvhomkom mm|m/m| ii/m h/m is/m h/m ii/m m/m
      1,137 words
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      Page 26 Advertisements Column 2
      783 26 Ltm services representee IMQ®;) by Members of the Registry of Sh*jp*ig Agentt. Singapore Shippng Association Members of the Singapore Froght Forwarders Assoc lanon SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES SINGAPORE to BATAM, BINTAN, KARIMUN SINGAPORE to BANGKA ISLAND A \±±-m SINGAPORE to OLEGON SAMARINDA/BALIKPAPAH/BAHiARMASJN TO SINGAPORE*" MANIIA/SUBIC BAY/LUZON TO
      783 words
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      Page 27 Advertisements Column 1
      1201 27 TO EUROPE FROM EUROPE vtssa vor !sm rtm *jw haw wv sou m leh 1 [vtssa voy I rtm um ham m sou fit uh sjw API ALMANMNE 30BW 29/04 22/05 19/05 20/05 17/05 LALOBtE 52*E 04/04 06/04 09/04 10/04 2«/04 MAAS S29W 30/04 I*/0S 18/05 21/05 22/05 M<X AJMZOMTE
      1,201 words
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      Page 27 Advertisements Column 2
      1995 27 HANJIN SHIPPING IlikP i *****30 HAWJm SHIPPING (S) HI LTD hup lom IOQCINC 737C73S 737 Mm *****74 731 DOCUMKI *****/1 774 OftRATKMS *****50 751 MAIN UK *****55 FAX *****40 d *****f*****M TO NW USA CANADA 7 USA CANADA* ~1 "WW "-IS. LM HAUL/VOY I HW I DEN I POX ICM
      1,995 words
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      Page 27 Advertisements Column 3
      488 27 vcsa w_ _a*_ fit vor sin hk m ua nt Ivtssa |wjsw LB |*rei r" "L WC tttlUW6 m 75/ M 77/04 WW 71/04 07/05 04/0S 07/ PS 00/05 j I I iSI lomll 8$ I HYUNOAI SHBWTEK 073S 30/04 07/05 09/05 11/05 17/04 Mam«A 7%'1 MM HpfHwiK 904S |M/osl
      488 words
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      Page 28 Advertisements Column 1
      1716 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA «SStl VOY SIX UM RTM Wfl HAM BRV RJI VtSStL yQY Gl! IK FOi lIC «H KAKjIM WILMINGTON WNS2O 27 M 14 H 1( 86 17 05 1105 1105 29 05 SHANGHAI SENATOfI WMS7O MM 10 00 10.06 20 06 22 06 01 00
      1,716 words
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      Page 28 Advertisements Column 2
      879 28 MAC-NELS S'PORE M'SIA I Carrier: MN CONTR LINES, INC p. guoang: <07)****** KVV~ JCW 1"»™OOD« SIBll: (084) *****9 MANHJk: (632) *****24 W V PENANG: (04) *****36 BANGKOK: (682) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHiNG (082) *****1-3 CAICUnA MADRAS MV "HEIMAR J"
      879 words
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      Page 28 Advertisements Column 3
      494 28 LINE ST TIL: 21«345« FAX: ISISIIS MUARA LABUAN VBSa VOT ETD ETA VRSa VOT FTC ETA SPOKE MUAftA SPOKE LM OUUHAJN332 VO9E/99 S*d 29/04 OUUKA *337 VWE/W MM »/04 j p*ospb vwe/w oi/os o«/os j now vwt/*» oi/os os/oj CARMA *332 VIOE/W 06/05 Of/OS CAJUUUk *332 VIOE/99 M/OS 10/05 JPOOSPB
      494 words
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      1153 29 VESBgL S?OY KHH HKG SIN PQB PXB DMM SHJ BA BIK 5-101 23/04 26/04 05/05 06/05 07/05 09/05 11/05 2*" PJLI34S 30/04 03/05 12/05 13/05 14/05 16/05 18/06 I?™ ■J***' PJLI346 07/05 10/05 19/05 20/05 21/05 23/05 25/05 12/05 14/05 18/05 27/05 28/05 29/05 30/05 01/06 jIRAN LORESTAN 5-102 19/05
      1,153 words
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      Page 29 Advertisements Column 2
      1469 29 VwJhl W«#kly Sailing to Mm NmUW, pjM(Yi«NM) T|> f BTbt c 1900 FA^*****M^^^^^^^^^ TJ2osM2 lll^cSS[E^FS^™ ll B, l ll ,lll^ sa fwl Si r k™. as [aTI ~"TT"" PHTTYIfVtI/0049E 01/05 OS/05 10/05 7.«, 77/1)4 75/04 V*/** «S AS* IfA SGP ZHO9GHE/004SE 02/05 04/05 01/05 10/05 Jlw/noflL %/ru 75/04 30/04 JMS
      1,469 words
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      Page 29 Advertisements Column 3
      321 29 Eastkhn Car Liner, Ltd. llfc ECL (SINGAPORE) PTE LTD AGBIT IN SINGAPORE: 1 SPECIALIZE IN RORQ HEAVY UFT UPTO 450 TOWS Ed (SINGAPORE) Fit LTD LOADING FOR MANILA PORT KLANG MV "CORAL HERO" V.16 MV "OCEAN SAMPAGUITA" V.20 ETA SIN 29/04/99 ETA MNL 04/05/99 ETA SIN 30/04/99 ETA PKL 01
      321 words
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      Page 29 Advertisements Column 4
      55 29 CHINA 2 SAILINGS WIIKLY Accepting LCL/FCL to all destinations in China MV. "POO. NETHERLANDS* V10B)15 ETA SN 29/04/99 MV. 'NEDtiOYD EUHOWT V.09EM15 ETA SM 02/05/99 Shipping Times *~3USINESSCENTRE Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping
      55 words
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      Page 30 Advertisements Column 1
      1368 30 F EURQPtAWSCAIIDtWAWAyFIWLAWD/RUSStA U SGP RON ANW HBG THP ZE£ LHV I LHV THP ROM ANW HBG PKL SGP E DYNAMIC RW-004 02/05 24/05 28/05 22/05 24/05 25/05 26*5 IE RENOWN RE-833 08/04 10/04 OM4 11/04 13*4 83*5 04/05 E DEVOTE RW-MM 08*5 27/05 02/06 2MB 31/05 81*8 02/06 E RIGHT
      1,368 words
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      Page 30 Advertisements Column 2
      677 30 f PACIFIC INTERNATIONAL UNES (PTE) LTD A I SSSSSSU 181 140 Cecil Street, #03-00 PIL Burtding, Singapore *****0. 1 CR NO **********06 I IK r?c T .V °r ,il fflfjr" a tn —i^— L T ,7. n<; h£R WWMTOAM4 nwi 7/5 «/S H/S 22/5 >4/1 I W/S 5/4 I 4/4
      677 words
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      Page 30 Advertisements Column 3
      576 30 rt* NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VQY SIM PUI I DOK 1 JWI I CFT |Bd HAKIAIQUgN VO34S 21/04 07/85 11/05 14/05 15/05 ~U/K NAMIAI MACON MI3S 04/DS 15/05 11/05 22/05 23/05 NAXIAIVBWS V.034S 11/05 24/05 30/P5 02/04 03/86 WOT GOLfIBI WAGON tOI2S 21/05 05/04
      576 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      471 31 BSfl n. V6MBL MYANMA MHMk FIVE STAR LINE (Myonmar National Line) v Loading for Yangon (Rangoon) VISSII VOY SIN PKI PEN PGU •AGO VIO9W SU) PATHIIN VIS7W 02/0$ MALAYSIA AGENTS: lOUSTIAO SHIPPING AGENCIES KUL Til (03)*****00 PKL HI (03) 37*6101 PIN: Til (04)2****** PGU: IE (07)*****21/4 BANK LINE (A s«rvic»
      471 words
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      Page 31 Advertisements Column 2
      1283 31 HYUNDAI MERCHANT MARINE CO., LTD. ivssa vor|swisou|iai»ni|AiiT|HMi|iv|m| Ivesa vori sou uh btm ant hami tv mTaT APIALMANOM 308W 29/04 17/05 22/05 19/05 20/05 LA LOOK 5251 09/04 10/04 04/04 06/04 21/04 MAAS 529W 30/04 21/05 22/05 16/05 19/05 NOt AMA2OMTE 0211 05/04 10/04 07/04 01/04 29/04 NOICYPMNI 011W 03/05 19/05
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      Page 31 Advertisements Column 3
      1151 31 Bk 1 norvflgion speoobed oukxamen Gto)3(o]<3 Wilhelmsen Lines TO NORTH AND LATIN AMERKA 'RORO HEAVYUFT SERVICE" VESSEL VOT RAMP HEIGHT SIN I LAI CKL MU SAV UL OtF NYC Hw MOO IAMOU F9lO 400 Tom 6.3 M 09/05 10/06 19/06 22/06 24/06 26/06 27/06 29/06 03/07 *****~ TAMPA F9ll 400Tms
      1,151 words
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      Page 32 Advertisements Column 1
      1912 32 ■AHQKOK/MAP TA PHUT/LAEM CHABAHQI JAKARTA/PANJANQ VESSEL VOY SIN BKK HTTP LC VESSEL VOY SHN JKT PJN NAWTA BHUM" 443N In Pt 01/06 02/05 GURU BHUM 126S In Pt 02/05 KOTA HAHTA HTAO23 29/04 02/05 GURU BHUM ***** 30/04 02/05 VAWTRA BHUM 288N 29/04 02/05 01/05 AKA BHUM* 341S 01/05 06/06
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      50 33 &XSE&I ORIENT PACIFIC CONTAINER LINE LIBYA BENGHAZI TRIPOLI Look Up Our Schedules On PG4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES NEW GUINEA PACIFIC UNE CHECK OUT THIS Our Schemes Are SPACE FOR On PG 5 H SWIRE SHIPPING NEW ADVERTISERS AGENCIES PTE LTD.
      50 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      50 35 STB^kDial74o-6000 Oil GGITISnG (Retrieve more schedules!) Sl#) Press "1~ -JE\ Select the port and key in SIKJ the four digit code wF eg: To New York (NYQ 2275 Key in your fax number your phone number Another Innovative service offered by The document Will be Shipping times !!ES/K.s. y s£.
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      142 36 m—— H—i yia— i m mBMmMfiMMmMBM (FOREST PRODUCTS SHYICE) FROM: U.K./ CMTmBW MIPOLE EAST TO; FAW EAST EIjRQPE SERVICE VKSa/VOY SIN LAfll CHAIAH6 KAMA HONGKONG KffIJJWG OCEAN QUEEN V3SA M/ 04 30/04 f«RO 05/06 07/0* 10/06 12/06 LOADING rot: JIMMN/Un/FUISNMG/MTWnP MALAYSIA- HSH SON MO TAWAU OMKOCN ROGHT SVG PORT KELANG
      142 words
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      Page 36 Advertisements Column 2
      165 36 dxiaco^^JTfWTTTyfJTTTfJITTTffTTyT^II^^M BMIPPINQ LINE .ill ijlilL' BlVl 711 k' I I I I LIBYA BENGHAZI TRIPOLI vcsawun votwo mow awatfOM wmi WB BTI mmui tmpou~ StUMTU S-KI *****9 7404 99 04 05 99 AO4UU *****9 01-05 99 07.05 99 IMIAfi PJU34S 73 04 99 03.05.99 13 0599 II U6HOU 03 05
      165 words
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      Page 36 Advertisements Column 3
      152 36 ESP LINES mmr la and fci snvici OVTThSONG, in IfiftHlfffl. MOW ROM HAMUK, tOTTHtMM wat, oxo—o iMuyriA. mmu jutmof, mosTowi (MOWM NO CM—UMWW» REGULAR CONTAINERISED INDONESIAN SERVICE VBSa/VOT»g STOK JKT I S— fC I SMC ram i /un-ai a/H nm w* HDIMBWH V/M 30/04 IMUM/VJ 30/04 OVQS >4/05 f«W I
      152 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      1059 37 ■mbSAMUDERA shipping line ltd —72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR no **********0 D TEL: *****88 FAX: *****29 (OUTWARD) *****03-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Celia/Jessica/Mei Chan/Jeslynn/Dora/lvy/Hanim Pit U 8 SLGS/WEEK EVERY 4 DAYS I VESSEL VOY I SIN
      1,059 words
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      Page 37 Advertisements Column 2
      929 37 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO \m I*t I suo nw pog cm oqm mi nti'Torf I sav 1 new 1 tam hou I HOIGM DURE /OSSO 24/04 79/04 04/04 06/04 01/05 05/05 13/05 IS/05 14/06 17/04 11/0* 21/0* ?S/04 30/04 04/07 HOEGH MIRANDA /07SQ M/ 05 75/05
      929 words
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      Page 37 Advertisements Column 3
      682 37 rrrg Singapore Soviet Skipping CPL a Ho **********0* Mdtifine Slapping Pi W33) a (to **********0 C VESSEL VOY SIN BOM PNG PKL KOTARATU RKUO43 06/05 12/05 TEA 23/06 KEDAH 129N 11/05 19/06 TEA 30/06 KOTA RUKUN RKNO37 17/05 2S/06 THA 05/06 VESSEL TOY tm CALCUTTA SM KOTAPETANI PTNO27 01-02/05 06/05
      682 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      601 38 I~ VESSEL VOY SIN MAA SIN I TIGER SEA 705N 0102/05 07 09/05 14 15/05 I TIGER BAY 706N 04 05/05 1113/05 1&18/05 I TIGER ISLAND 707N 07 08/05 14 16/05 21 22/05 I TIGER PEARL 708N 11-11/ OS Ifr2o/05 I TIGER SEA 709N 2123/05 28 29/05 I TIGER PEARL
      601 words
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      Page 38 Advertisements Column 2
      1079 38 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113
      1,079 words
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      Page 38 Advertisements Column 3
      1204 38 OOCL (Singapore) Pte [jJ^CF^teppeTpistrpk 65 CMa St OCKCIr #42-00 *****13 Hk SI3 #01-128 l_.l, vl O MO **********0H 1*272 7827 f« bookmg W: *****43 Fu: 431 2966 Fu: 272 7825 i fMl Orient Overseas Contaner Une Y (Malaysia! Sdn Bhd (tog N* *****2-u) ca H S*\ PETAUNG JAVA W: 03-756
      1,204 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      128 39 LEGEND R Thunderstorm Temperature c X\ Shower Weather _X Wind direction with speed m knot* Rom Cloudy Sky Wov# Surface wind* are indicated by arrows which Hy with the wind One fu* circle represents colm or hght ond vonoble wmds One hoM Heche represents 5 knots I—» One fuK Heche
      128 words
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