The Business Times, 27 March 1997

Microfilm: NL20864
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    21 1 THE BUSINESS TIMES MITA (P) 023/12/96 85t S I N G A P 0 R E Internet: http://www.asial.cora.sg/biztimes THURSDAY, MARCH 27,1997
    21 words
  • Article
    MARKET SUMMARY
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    32 words
  • Article
    FINANCE
    39 1 J' WmmmWU rn m UBS 1.441 i_ lift ISM wr_ mm. mk YEN (19 tm 1JM m tMI M84 BXft ft» Itfl SsiEZzzSSzzZ HBBB13B mm. ifji 2DMCH- im nANBVgr~ 4M LONDQR. ,111 NBVWRK.. J. 25 (Source: NatWest Bank)
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  • Article, Illustration
    KL freezes new ties, contracts with S'pore
    480 1  -  Move decided at cabinet meeting chaired by Anwar Reports by] Eddie Toh in Kuala Lumpur IN A surprise development, the Malaysian government yesterday decided to freeze fresh bilateral dealings with Singapore, including the award of new contracts to Singapore companies. The move, the
    480 words
  • Article, Illustration
    Lock icon TAS: telecoms operators not barred from price war
    567 1  -  Rates for cellular, pacing services will be determined by market By i Catherine Ong [SINGAPORE] The Telecommunication Authority of Singapore said it will adopt a hands-off policy on pricing for cellular and paging services when the first-ever competition in the mass market
    CHRIS LOH  -  567 words
  • Article
    Markets brace for mixed hit
    291 1 [KUALA LUMPUR] While Singaporeans were shocked by the latest move in the ongoing bilateral row, analysts here do not expect the Malaysian economy and its bourse to be too rattled. They say the move won't retard the flow of private foreign direct investments from Singapore
    291 words
  • Article
    Reactions: shock and surprise
    408 1 "lam really very shocked as I thought everything wasfinally settled. I need to digest this news to know what the full impact will be." Jannte Tay, managing director of Hoar Glass "For the Malaysian cabinet to reopen old wounds makes Malaysia seem unduly vindictive, when Lee
    408 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      111 1 CkjD«v beats bracMts with 34% Pf 17 A WIMI Full year earnings NET dm) CHG 0— HKSH,76S g.7 mttMrnaa HKl2,(ttO t 25.6 CMi HK56,860 fia.o CBL §m M t 33.8 KM 80.8 t 16.8 m IiLUM a-"" in 66 0 Mrmm 12 »e.o Interim earnings NET Om) CHG tab* (LM>
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      Page 1 Advertisements Column 2
      14 1 They've got Singapore talking, Pg 4 Hutchison wmrnm up lowest paging rates, Pg 3
      14 words
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      Page 1 Advertisements Column 3
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Exec condos likely to be almost fully open to public by 1999
      560 2  -  HngKi&ngs&ys buyers' $10,000 income ceiling will be raised progressively By. Abdul Hadhi EXECUTIVE condominiums are likely to be almost fully "open" to the public by 1999, National Development Minister Lim Hng Kiang said yesterday at the first land
      560 words
    • Article
      Hitch in downstream plant to hit PCS2 output
      484 2  -  /tn Ronnie Lim Ji. r CONSTRUCTION hitch at a jnajor downstream plant will jpean that Singapore's second petrochemical complex will operate at about only twothirds capacity initially when tt starts up next month, BT has learnt. "Yes, because of construction delays, we
      484 words
    • Article
      Multi-agency teamwork pays off
      156 2 A POTENTIALLY complex project involving relocating more than 500 small and medi-um-sized enterprises or businesses went off without a hitch thanks to the cooperation of seven government agencies. And yesterday the undertaking, called The Woodlands Relocation Project, was one of eight multi-agency projects whose efforts were
      156 words
    • Article, Illustration
      Exide may start manufacturing in region this year
      519 2  -  By Raju Chellam US-BASED UPS (uninterrupted power supplies) company Exide Electronics Group Inc is considering setting up a manufacturing venture either in Singapore, Malaysia or the Philippines this year. The US$46O million (*****.4 million) company will decide on the final location in
      519 words
    • Article, Illustration
      Lock icon Catering trade at slow pace
      346 2  -  E7E ON THE ECONOMY Commerce By. Jenny Lam AFTER the year-end festive feasting, the catering trade index started the new year at a slow pace, with just a marginal 0.3 per cent year-on-year rise in January in volume (or constant price) terms. At current prices
      Source: Dept of Statistics  -  346 words
    • Article
      Dealers see steady local rates despite Fed hike
      400 2  -  But if money market rates continue to firm, prime will rise Byl Siow Li Sen LOCAL interest rates, which have been firming of late in the money market, should remain unchanged for the time being despite the US Federal Reserve Board raising
      400 words
    • Article
      S'pore-Sichuan trade panel forms investment funds group
      393 2  -  USs2oomfimdwffl support viable China investment projects By, Lu Ning THE Singapore-Sichuan Trade and Investment Committee (SSTIC), which plans to set up a joint ftind of US$2OO million (Ss2BB million), yesterday announced the formation of a new sub-committee on investment funds. The new sub-committee
      393 words
    • Article
      Hutchison serves up lowest paging rates in town
      556 3  -  New rates are a third lower than current ST tows to match rates Reportsby 1 Teh Hooi Ling HUTCHISON Paging yesterday unveiled the lowest price in town for numeric paging at $9.90 a month or 34 per cent lower than the current
      556 words
    • Article
      Good deals for handphone, pager
      296 3 THINKING of getting a handphone or a pager? There are a lot of good deals to be had now, as new entrants coming to the market on April 1 offer special launch packages. However, existing mobile phone users who plan to switch to new operator
      296 words
    • Article, Illustration
      Lock icon Survey sees lower salary hikes, bonuses this year
      427 3  -  Demand for jvuger, technically-qualified staff increasing By< Audrey Tan BASIC salary increases and variable bonuses are expected to be lower this year than last year, a survey by Remuneration Data Specialists (RDS) shows. Pay rises of 6.2 per cent for executives and
      Source: RDS  -  427 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
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      160 words
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      Page 2 Advertisements Column 2
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      91 words
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      Page 2 Advertisements Column 3
      205 2 Fed's move aimed at reassuring markets, Pg 11 A gentle braking by the Fed, Editorial, Pg 13 ADVERTISEMENT OF FINAL MEETING OF COMPANY In the matter of ORIENT CHARTERS PTE I l (In members' voluntary liquidation) and In the matter of Section 308 of the Companies Act (Cap. 50) NOTICE
      205 words
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  • Page 3 Advertisements
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      92 3 For Home or office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline *****49-2577. SPRING SUMMER 1997 PROMOTION Our Taglio Esclusivo consultant. Mr David Supeljack will be present to assist you g j|H|^H'
      92 words
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      Page 3 Advertisements Column 2
      7 3 Singapore Business -Giving you the winning edge
      7 words
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  • FOCUS
    • Article
      They've got Singapore talking
      1048 4  -  dome April 1, Singaporeans will for the first time get a choice outside the government-linked monopoly for their voice connections Catherine Ong, Teh Hooi Ling [SINGAPORE] YOU see them on television, you hear them on the radio and you read about them in the newspapers. They
      1,048 words
    • Article, Illustration
      Lock icon Is there room for 3 more paging players?
      1151 4  -  ¥y Genevieve Cua (SINGAPORE] One in three Singaporeans (arries a pager. This is Singapore Tele- < om's tally as of last September one i lillion subscribers, or half of the Repub- ic's working population. With such numbers, the question up- ermost in
      GRAPHIC BY BEN CRUZ, GENEVIEVE CUA  -  1,151 words
    • Article
      Handphone market duopoly: no review till 2000
      965 4  -  number of MMwpfatitupg not all that critical: TAS Byi Catherine Ong (SlNGAPOßE] The Telecommunication Authority of Singapore (TAS) will not review its policy of having a duopoly in the cellular phone market before the year 2000 despite wanting to hasten competition in telecoms
      965 words
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  • Page 5 Advertisements
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      272 5 I 50% Off I I your subscription for 6 months... I \«s2o worth of free local calls I For $40 a only $20 (for H H H I 1 I $30 worth of free local weekend calls f I I For just $30 month I 1 Now, only $15 a
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon HUDC prices fall as deals plunge
      617 6  -  Agents cite exec condos, May curbs as factors but say privatisation may turn things around By Abdul Hadhi [SINGAPORE] RICES of HUDC flats ap- to have taken a amid low sales vol- ume. Property agents told BT that buyers do not ex- pect to
      FILE PHOTO  -  617 words
    • Article
      Major projects to give boost to M'sian housing
      377 6  -  About 29% of 800,000 new units expected to be sited near MSC Tan Su Yen {SINGAPORE] Major infrastructure projects such as the Multimedia Super Corridor (MSC) will provide the catalyst for 800,000 new housing units in Malaysia by the year 2000. Close
      377 words
    • Article
      More than 50% drop in property launches in Q1
      279 6  -  Ry\ Diana Oon [SINGAPORE] Fewer property projects were launched in the first quarter of this year compared to the previous three months, said property consultants Richard Ellis yesterday. Richard Ellis' first quarter review of the residential sector showed that total new
      279 words
    • Article
      House Hunt
      937 6 HDB transactions from Feb 24,1997 TYPE/ POSTAL CONTRACT WLHN MKC PSF LOCATION DISTRICT DATE (SOFT) l*T <sroo» 09 Bedok North St 3 1646 12/33/97 484 128 264 3-WoowffVyAI BtPurmei 409 05/03/77 807 233 289 Bukit Batok West Ave 8 2366 12/03/97 807 188 233 ChaiChee Drive 1646 17)03/97
      937 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      192 6 Our Offers Can Make A Big Difference To Your Project From log to timber flooring, to contemporary furniture to neo-classical fantasies, and other Example. gL timber products... Sterling Wood International Carcass construction can have it ready for you. On-time. On-budget. Plywood/partical board P And exactly to your dream design. Check
      192 words
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      Page 6 Advertisements Column 2
      25 6 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall CJLT.S. at 1800-737-1166. Anottw Oervtw
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  • Page 7 Advertisements
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      90 7 Hi 1 t 0 m In every era, the few who make a difference are V ui those who dare to imagine a world beyond the horizon. A world in which old truths are enriched with new ones. The greater the resources, the greater the possibilities. A 1 i m*
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Khashoggi wanted in Thailand on new charge
      174 8 BANGKOK Reuter [BANGKOK] Thai police said yesterday they had issued another arrest warrant for Saudi Arabian tycoon Adnan Khashpggi on a separate charge of conspiring to defraud the ailing Bangkok Bank of Commerce. Major General Seri Themeeyavej, chief investigator 6f economic crimes, told
      Reuter  -  174 words
    • Article
      Framework for Labuan exchange by year-end
      428 8  -  KUALA LUMPUR Possible new measures to allow offshore banks some access to M$ business By] Eddie Toh THE legal framework for the proposed international stock exchange in Labuan will be ready before the end of this year, a senior official of Labuan Offshore Financial
      428 words
    • Article
      Lock icon Ramos accepts minister's resignation over land deal
      322 8 MANILA Faroe over pricing of land in USsLlb Manila Bay project Reuter PHILIPPINE President Fidel Ramos yesterday accepted the resignation of a senior cabinet minister after a furore over a land deal between a state agency and a Thai construction firm. Transportation and
      Reuter  -  322 words
    • Article
      Lock icon January rise is first in 8 months for Thai exports
      250 8 BANGKOK Bloomberg THAI exports grew for the first time in eight months in January, paving the way for a reduced trade deficit this year, Finance Minister Amnuay Viravan said. Speaking to reporters after meeting central bank officials, Mr Amnuay said
      Bloomberg  -  250 words
    • NOTE Book
      • Article
        Lock icon Cambodian elections next Nov
        55 8 Reuter [PHNOM PENH] The two main parties in Cambodia's uneasy coalition government have agreed to hold the next general elections in November 1998, a government statement said yesterday. The agreement was reached after the Cambodian People's Party and the royalist Funcinpec had apparently narrowed some of
        Reuter  -  55 words
      • Article
        Lock icon Philippines: investments hit record high
        62 8 AFP [MANILA] Investments in priority areas, free ports and special economic zones in the Philippines rose 20.2 per cent year-on-year to 490.2 billion pesos (Ss27 billion) in 1996, a figure which President Fidel Ramos said was "unprecedented". Foreign direct investments in the nine months to
        AFP  -  62 words
      • Article
        Lock icon Jan trade deficit seen for M'sia
        60 8 Bloomberg [KUALA LUMPUR] Malaysia's trade figures are likely to swing to a deficit for January, with higher imports and a slowdown in exports, economists said. The government is expected to release the January trade data later this week or early next week. Analysts expect
        Bloomberg  -  60 words
    • Article
      Lock icon M'sia sets jail terms, fines for hackers in computer crimes bill
      260 8 KUALA LUMPUR AFP MALAYSIA has moved to curb computer crime with jail terms and hefty fines for offenders under new legislation unveiled in parliament, officials said yesterday. The computer crimes bill was presented Tuesday, a month after a computer
      AFP  -  260 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      222 8 LOONEY TUNES, names, characters and ail related indicia are trademarks of Warner Bros. ©1997 infinite Possibilities m. 2060 'nmßßm 2^c P m at a times Paper up to A3 size Fast first copy speed: 4.0 seconds *2 standard 600-sheet paper cassettes jj• A wide variety of options Y 50-200% Zoom
      222 words
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • Article
        Lock icon Top 10 China firms make 52% of profits
        72 9 Reuter [BEIJING] The profits of China's top 10 state-owned industrial firms accounted for 52.4 per cent of total profits of 18,000 major state firms in 19%, according to a survey published in the Financial News yesterday. The survey by the State Statistical
        Reuter  -  72 words
      • Article
        Lock icon Two foreign banks to start yuan business
        71 9 Reuter [SHANGHAI] Two foreign banks will begin conducting local Chinese currency business either today or tomorrow, the head of the People's Bank of China Shanghai branch, Mao Yingliang, said yesterday. He declined to name the two banks. Asked about the tax rate the
        Reuter  -  71 words
      • Article
        Lock icon Public official jailed for selling documents
        76 9 AFP [HONGKONG] A Chinese public security official was sentenced to three years in jail for selling travel documents to enable mainlanders to settle in Hongkong, the Ming Pao daily reported yesterday. He Mingbao, director of the Public Security Department of Lanzhou in northwest China's
        AFP  -  76 words
    • Article, Illustration
      Lock icon Gore paints rosy picture of Sino-US ties
      443 9 BEIJING US talks of peaceful future but hints at change of heart if funding scandal is trne Reuter US Vice-President A 1 Gore yesterday offered his Chinese hosts rosy messages on future ties after assuring Beijing that Washington's policies would not immediately change
      Reuter; REUTER  -  443 words
    • Article, Illustration
      Cleaning up China
      655 9  -  CHINA WATCH Is Jiang getting serious with fighting graft or Just scoring points? Lu Ning THE most memorable event in the otherwise uneventful meeting of China's National People's Congress (NPC) this month happened when two government reports were submitted to a vote. First 30 per cent of
      655 words
    • Article
      HK acts to speed up supply of housing unite; banks up rates
      446 9  -  HONGKONG Moves come one day after record price paid at land auction Quak Hiang Whai A DAY after companies linked to tycoon Ng Teng Fong paid a record HK$ll.B2 billion (552.2 billion) for a residential site, the Hongkong
      446 words
    • Article
      Lock icon 100 property developers in Xian closed down
      132 9 BEIJING AFP CHINA has closed down 100 real estate developers in Xian, in north-western China, for operating illegitimate businesses, the official China Daily newspaper said yesterday. The report said 97 of the developers had not carried out any real estate projects since 1994
      AFP  -  132 words
    • Article
      Lock icon China expects inflation to be below 6%
      201 9 BEIJING Reuter CHINA'S inflation is expected to be low in 1997, enabling the central bank to focus on reform of monetary controls and reduction of unhealthy assets, People's Bank of China governor Dai Xianglong said. Mr Dai forecast inflation at below a target
      Reuter  -  201 words
    • Article
      Lock icon WTO entry: China said to be ready for concession on car parts
      187 9 TOKYO AFP CHINA has offered to accelerate abolishing its non-tariff barriers on automobile imports as a concession to be-' come a member of the World Trade Organisation (WTO), a Japanese foreign ministry official said yesterday. Beijing offered the
      AFP  -  187 words
  • Page 9 Advertisements
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      185 9 If it's not for the ICE 'N' WATER dispenser, you would probably mistake it as a cabinet. Amana ■iSIES* Refrigerator/Freezers jHUHr ?Wj r Hp—l I I Mlfr/ ,fe IHb I Worl''- B bbt<-_,___ IU I JS Presenting the totally built-in look by It's little wonder then that Amana is the
      185 words
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  • ASIA
    • Article
      Lock icon Aussie firms see Q2 profits rising amid flat prices: survey
      249 10 SYDNEY Bloomberg AUSTRALIAN companies expect profits and sales to rise in the coming quarter, even as selling prices remain constrained, a survey found. The survey of 3,000 companies by the Australian Bureau of Statistics forecast profits would rise by an
      Bloomberg  -  249 words
    • Article, Illustration
      Lock icon PNG PM to stand down till mercenary probe over
      460 10 PORT MORESBY Premier (Sum jumoances his deputy juid deface minister will also step down AFP PRIME Minister Julius Chan ended Papua New Guinea's two week political crisis yesterday by announcing he will "step aside" pending the outcome of an inquiry into
      AFP; REUTER  -  460 words
    • Article
      Lock icon BOJ survey is expected to chee manufacturers
      330 10 TOKYO t§ dww inpiWBBWBt ia retail aoctar Reuter BUSINESS sentiment in Japan is expected to show modest improvement in a quarterly survey to be released on April 2, although most of the cheer will likely be confined to the manufacturing sector, economists say.
      Reuter  -  330 words
    • Article
      Lock icon S Korea to fully open up reinsurance market
      195 10 SEOUL AFP SOUTH Korea is to fully open its burgeoning reinsurance market to foreign rivals from April 1, paving the way for a cut in load insurance premiums, the finance and economy ministry said yesterday. "The ftill liberalisation is aimed at bringing
      AFP  -  195 words
    • ASIA Notes
      • Article
        Lock icon S Korea in race for US$1 investment
        61 10 AFP China to lure a US$l bilboo (551.44 billion) tn milium -cum from US silicon giant Dow Corning. "Riif «milnHvso froasio Dow Corning are scheduled to meet with South Korea's *q#t vice-trade minister on Thursday for their project tobuild#fu silkxm plant," said Kim
        AFP  -  61 words
      • Article
        Lock icon Aussies to hold republican convention
        75 10 Reuter [CANBERRA) Australia will hold a lfrday convention in q»rj> December to consider whether the country should becoapbta, a republic, replacing Britain's Elisabeth at bead o£gfl state, Prime Minister John Howard said yesterday. Tha trt<W: commitment to hold the convention does not min i—m aqytov
        Reuter  -  75 words
      • Article
        Lock icon Seoul bus drivers on strike
        47 10 Reuter [SEOUL] Public bus drivers in Seoul and two othar South Korean cities, Inchon and Taefrm* went on strifcn to harfc fiorrmnrlw Ihr higher WagES, IWTIIHtBi of thousands of commuters stranded. Only 2percsot of A Seoul's 8,700 buses were operating, officials said.
        Reuter  -  47 words
  • Page 10 Advertisements
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      189 10 V j A half a In bank... yaf. "T" 18 b r ;~*J>^^^^^^^^^^H like makfnft trips lilont Uke talking| to a vnacMnt. talk 24 You don't need a private banker to enjoy personal banking service. You can also access your money using your Bank 121 cheque book and H H
      189 words
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  • THE WORLD
    • Article
      Fed's rate hike aimed at reassuring markets
      629 11  -  US INTEREST RATE HIKE 'Preventive policy mere psychological tku real impact from Leon Hadar iitWashington BY RAISING short-term intereat rates for the first time in nwte than two years despite tIM lack of any clear indication of rising inflation, the US Federal Reserve
      629 words
    • Article
      Lock icon Flood of criticism against Fed rate move
      320 11 WASHINGTON Reuter THE Federal Reserve was deluged with criticism on Tuesday following a decision by policy-makers to raise interest rates for the first time in more than two years. From the business community to Capitol Hill, there were no apparent early defenders of
      Reuter  -  320 words
    • Article
      Lock icon German steel workers continue strike over merger
      256 11 BONN Reuter GERMANY'S major steelworks remained idle yesterday after unions vowed to fight the creation of a joint venture between steel giants Krupp and Thyssen which could cost 8,000 jobs. Thousands of steel workers clad in white fire-proof overalls demonstrated at the Krupp
      Reuter  -  256 words
    • Article
      Lock icon Telekom M'sia, SBC buy 30% stake in S Africa's Telkom
      367 11 JOHANNESBURG Deal is Malaysian utility's largest foreign investment Reuter MALAYSIAN business strengthened its already impressive investment foothold in South Africa yesterday by sealing a multi-billion rand telecommunications deal. In the biggest direct investment in South Africa yet, Telekom Malaysia Bhd
      Reuter  -  367 words
    • Article
      Lock icon Shrinking British trade deficit allays surging pound fears
      332 11 LONDON AFP PREDICTIONS that the British economy would suffer a sharp loss in competitiveness from a surge of the pound have proved to be alarmist, economists said yesterday in the light of a sustained fall of Britain's trade deficit. The global trade
      AFP  -  332 words
    • Article, Illustration
      Lock icon Driving home a message
      46 11 [BELGRADE] Taxi drivers standing beside their cabs during a protest in front of the Yugoslav parliament yesterday. Hundreds ofprotesters blocked traffic in the centre of Belgrade pressing demands for tax cuts and a halt to forced collection of late tax payments. REUTER
      REUTER  -  46 words
    • Article
      Lock icon Bogus Spanish baroness jailed over £16b fraud bid
      146 11 LONDON AFP A SPANISH "baroness" was behind bars yesterday for trying to pull off a £16 billion (5536.8 biUion) bank fraud believed to be one of the biggest in history. Elda Beguinua, 52, of west London, who arrived at business meetings at
      AFP  -  146 words
    • Article
      Lock icon US durable orders up 1.5% in Feb to new high
      477 11 WASHINGTON More-thin-expected figure points to continued growth Bloomberg ORDERS to US factories for big-ticket goods jumped more than expected in February, rising 1.5 per cent to the highest level on record, setting the stage for continued economic growth. Electronics and
      Bloomberg  -  477 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      252 11 Cdb cow oaly 300 i i n Adding—<lo* a mmm tmrcktrgc for ardftumt access. I 1 to the Quick Stocks Portfolio Manager ■as foUows (please tick the appropriate box; prices include GST). Takes the trouble to monitor your I_ 4 Subscription Period stock performance. Q Smooths I Computes the latest
      252 words
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  • FOCUS
    • Article, Illustration
      Lock icon The great Japanese hotel sale in Hawaii
      1220 12  -  They paid top dollar for the properties Ihere in the 1980s and now many are going for a song By\ Stella Danker [WASHINGTON] THE Aston Wailea Resort sits pretty on 22 acres of lush tropical gardens on the Hawaiian island of Maui. From
      FILE PHOTO  -  1,220 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      216 12 INTRODUCING THE NEW AND ONLY 2.01 SEDAN WITH AWD The new Legacy 2.0/AWD Sedan is the culmination of decades of engineering mM.lllll-lIIIIIIJIIIIUIH.IIIIII.IW An inherent sense of security is heightened by the knowledge that the refinement. Its revolutionary aluminium alloy boxer (V series) engine Legacy Sedan comes with dual airbags, cnimple
      216 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Analysts are overpaid and usually wrong
      727 13  -  MB BOTTOM Opinion if Neil Behrmann The writer is BT's London correspondent NOW we have the evidence! Business analysts who can earn salaries ranging from hundreds of thousands of dollars to more than a million are grossly overpaid fpr their performance. A study on
      727 words
    • Article
      IN OTHER WORDS
      112 13 4 I grew up believing that competition was good, that it was invigorating, that it promoted research, that it improved the product, that it lowered the price, that it made everybody feel good. Reluctantly and painfully, 1 have concluded that almost the opposite is true in television/
      112 words
    • Article
      A gentle braking by the Fed
      668 13 EDITORIAL THE 25 basis-point hike in the benchmark Fed Funds rate by the US Federal Reserve on Tuesday is unlikely to have a seriously negative impact either on the US economy or the greenback or US or Asian markets. If anything, the hike was
      668 words
    • Article, Illustration
      Lock icon Euro minefield ahead
      1142 13  -  Lawyers working on legislation on European monetary union warn it cannot deal with every conceivable problem By' Wolfgang Munchau Financial Times THE changeover from national currencies to the European Union's single currency in 1999 constitutes a legal minefield. Many outstanding issues are being dealt with through legislation,
      Financial Times  -  1,142 words
    • Article
      CPF strict on withdrawal to avoid fraud
      262 13  -  Chan Chong Meng Manager (Public Affairs) Central Provident Fund Board Singapore PLEASE refer to the letter headlined "CPF policy not its practice" by Mr Denis Distant (The Business Times, March 4). Mr Distant pointed out the inconvenience he encountered in "withdrawing top-up funds
      262 words
    • Article
      WHAT THE OTHERS SAY
      456 13 EnraptlßßMiofrtMwal BREATHING new life into the Atlantic community will take much more than enlarging Nato. If Europe is to avoid being eclipsed by an ascendant Asia, it must make itself a more potent global player. Economic revival is the top priority. The EU is stuck with
      456 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Oscars go to rest of the world
      543 14  -  Not-made-in-Hollywood films swept the awards, says l&wsence van oelder LAWRENCE VAN GELDER NYT PROM France to Fargo, from England to Australia, there were celebrations on Tuesday in the aftermath of the 69th Academy Awards. Failure may be an orphan, but success has many
      NYT  -  543 words
    • Article
      Lock icon UK film industry needs more cash
      419 14 OSCARS Hie English Patient was made with US backing, but there is now more money going into British films Reuter [LONDON] Nine Hollywood Oscars for The English Patient on Tuesday gave Britain's film industry a much needed shot in the arm but it still
      Reuter  -  419 words
    • Article
      Lock icon All out to bag the world's shoppers
      602 14 SHOPPING Frantpfey, Dubai tanSnntoonehig shopping centre to hire USslb in tourist sales Reuter [DUBAI] Armies of Asian labourers are hanging discount signs, decorations and Ave million coloured lights on street lamps in the Gulf Arab emirate of Dubai for a monthlong shop-until-you-drop festival.
      Reuter  -  602 words
    • Article, Illustration
      Volvo set to join big boys
      599 16  -  MOTORING ||^y0 been made to its cars but what buyers will notice are their looks and eleguit styling Reports by Christopher Tan "DESIGN is the most important factor buyers consider when choosing a car," says Peter Horbury, design director of Volvo Car Corp. The
      599 words
    • Article, Illustration
      Volvo seeks mileage from movie
      349 16 Volvo C7O coupe is the star car in the movie The Saint WHO is in the same league as James Bond but drives a newer, faster and a far more powerful car? Answer: Simon Templar, also known as The Saint. In a new movie based
      349 words
    • BUMPER to BUMPER
      • Article
        Hertz services on the Net
        59 16 HERTZ, the world's largest car rental company, has launched an interactive Web site, located at www.hertz.com. The site offers rate quotations as well as booking, confirmation and cancellation capabilities. Customers will be asked to enter their credit card numbers. Hertz #1 Club Gold members can
        59 words
      • Article
        Nissan adopts new control system
        70 16 NISSAN MOTOR has commercialised a new vehicle dynamics control (VDC) system that reduces sideslip for improved stability and evasive manoeuvring capabilities. The system automatically controls the brakes and engine output to keep a car under control on slippery surfaces or when the driver swerves suddenly
        70 words
      • Article
        New Exklusiv Auto showroom
        37 16 RENAULT distributor Exklusiv Auto officially opened its new showroom in Leng Kee Road yesterday. The 920 million facility boasts 42,000 sq ft of French interior design and colours in keeping with Renault's image.
        37 words
      • Article, Illustration
        Bikecaster
        71 16 JOURNALISTS a/ the Broadcasting Corporation of Pree Berlin (SFB) have an edge over competitors In meeting deadlines or delivering scoops. In a venture between BMW and the SFB, a reporter's motorcycle has been developed which carriee all the essential equipment of a large broadcast van. Based on the RllOO
        71 words
      • Article
        New Rover models on the way
        55 16 BMW-OWNED Rover Group will be replacing its6ooand 800-series cars with a single new model developed with the <T parent company this year. Its 200 and 400*eries models will be replaced by a single model after 2000. Meanwhile, expect dressed-up versions ofthe 620 and 820
        55 words
      • Article
        Mitsubishi Sigma launched
        43 16  -  Oeaifflilty Christopher Tan CYCLE CARRIAGE has launched the new Mitsubishi Sigma, the fourth new Mitsubishi to appear at its showrooms Oils year. The Australian-made Sigma, a three-litre car fitted with a V824-valve engine, is priced at x\ $175,000 (with COEX
        43 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      48 14 «V 4ii j rr' uwiiu; i.iLi JMIIHIEWH mA.ii HtMiM ■Bfßi 'fw i ilm nj «*B I SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS A GREAT BOOK FOR YOURSELF, FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTR.EPOINT. PLAZA SINGAPURA AND RAFFLES CITY
      48 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      485 15 Where to wine, dine and entertain house Original Nonya Recipe TWO DECADES OLD At the New Luna Coffee House Monva Buffet Lunch $18.00+++(Adult) For reservations, please $12.0(H++(ChiW) can 733 2081 ext46B Temasek Buffet Dinner *Complimentary Business $19.00+++(Adult) tZs available ntile $1250+ <Chiki) stocks last High Teg (Sat, Sun and Public
      485 words
    • Advertisement
      Page 15 Advertisements Column 2
      128 15 SINGAPORE BUSINESS Giving you the winning edge TOTa I I Y f SuccuLenr Scallops... fKesh pnawns... renden venison chickensuojpruous measures pound in Chinarown's vaniery op yaot hashers. Tasre The difpertence Today! Fxoat Ssl7+++ to Ss2B+++ V cor Manch onLy J OLcn-mYI For table iTUiyninumT] reservations, COll 737 1666 rnwWill) mm!
      128 words
    • Advertisement
      Page 15 Advertisements Column 3
      74 15 Dian Xin Restaurant At The Neptune on Shenton Way J Dian Xin/Lunch /|"a j 11.30am-2.30pm ®*«J» S ficpiunc i 7TH FLOOR. OVERSEAS UNION HOUSE. I nJSm riHH 7; ft Savour our extravagant spread Features weekly specialities 6.30pm to 10.30pm daily 1 Adult $25.00* Child (below 12) $17.50* All prices are
      74 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      723 15 TV&BAPIO Choice). UMM Hirari(Japanese nP®M*O" LOS AM Pre-Holiday Variety Drama/Eng. Subts). 230 PM The Winners. Special I Cliff Richard: ILOO TV Innovations. VQKC^^~7' 3.00 Money, Money, Money. The Cocert (Music). LOO AM Close. 330 Hot Property Asia. 125 Pre-Holiday Variety Spe- •m I M 4.00 The First and the Best:
      723 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      322 15 CRYPTIC CROSSWORD 1 Stock for sale: nice car, his M first, and one pair of direction indicators (11) 10 Returning sailor has an ani- I I 1 I I 1 I 1 lucky footwear for another HB__ animal (9) I I I 12 Mischievous person is rare, somehow, among production
      322 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      194 16 IDhere else can ijou encounter seafood swimming in Dom Perignon. Zf might surprise even the most up-to-ddte talents from Dom Perignon to showcase an exquisite semi-buffet lunch or dinner ala carte. connoisseur to learn that Dom Perignon is as acclaimed seafood menu at Snappers from 4-13 April. And discover how
      194 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon CityDev beats forecasts with 34% profit jump
      457 17  -  $535 m earnings and $2.6b turnover ride on sales of local property projects By\ Diana Oon [SINGAPORE] City Developments' profit surged 34 per cent to $535.4 million last year beating analysts* consensus forecast by a wide margin of over $50 million or 11
      ALLAN  -  457 words
    • Article, Illustration
      Motor losses drive down Intraco net profit by a surprise 62%
      428 17  -  By( Christopher Tan [SINGAPORE] Diversified Intraco Ltd yesterday turned in a set of results that was way below market expectations. Full-year net earnings plunged 62 per cent to $6.2 million on second-half losses in the motor business, its first
      428 words
    • Article
      GP Batteries gets nod to convert shares to S$
      145 17 [SINGAPORE) Mainboardlisted GP Batteries yesterday received Stock Exchange of Singapore approval to have its US-dollar shares listed in Singapore dollars. It hopes to make its trading debut by the end of next month. Senior executives say GPB will first have to
      145 words
    • Article
      OPH appears a safe bet in the medium term
      667 17  -  HOCK LOCK SIEW Abdul Hadhi WHEN a company doubles its net profit, one would normally expect the results to exceed market expectations. Not so for Orchard Parade Holdings (OPH). The listed arm of property tycoon Ng Teng Fong's Far East Organization
      667 words
    • Article, Illustration
      NatSteel makes strong comeback, with profit up 29%
      572 17  -  Company has plans to float successful electronics arm By: Lee Han Shih [SINGAPORE] Bouncing back strongly from large losses at half time, Nat Steel Ltd yesterday unveiled a set of very good results and hinted at a possible flotation of its successful
      572 words
    • Article
      More investors zooming in on NatSteel
      153 17 [SINGAPORE] Buying interest in Nat Steel, absent since the beginning of last year, revived in November. Its share price moved from the $2.30 level in October to hit a high of $3.62 on Feb 27 before easing off slightly in March. Trading volume rose
      153 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        Lock icon MMI launches IPO at 52 cents per share
        482 18  -  Mainboard-headed disk drive component maker offers 7&£ m shares to tap $30.4 m By. Annette Pau [SINGAPORE] Local hard disk drive component maker MMI Holdings Ltd yesterday became the 16th company to launch its IPO this quarter when it made a main
        CHRIS LOH  -  482 words
      • Article
        Lock icon S'pore investors still flocking to electronics firms' IPOs
        347 18 Bloomberg [SINGAPORE] Singapore electronics companies are lining up to sell shares. That's even as the electronics industry struggles through an export slump. MMI Holdings Ltd yesterday became the 16th company to sell shares on the Singapore exchange this year, 10 of which
        Bloomberg  -  347 words
      • Article
        ICB profit up 17% to $80.6m on strong second half
        271 18 Profit of VOI, another UOBunit, dips to $7.6 m [SINGAPORE] United Overseas Bank unit Industrial Commercial Bank (ICB) yesterday posted a better-than-ex-pected group net profit for 19% of $80.6 million, up 16.8 per cent, boosted by a strong second half.
        271 words
      • Article
        Heshe slashes interim losses by 67% to $1.08m
        186 18 [SINGAPORE) Fashion retailer and manufacturer Heshe Holdings is enroute to brighter days, having slashed its interim losses by 67 per cent to $1.08 million. And the company expects its current full-year results to be "an improvement over last year". At half-time, turnover
        186 words
      • Article
        Smaller minority loss helps CSA to boost profit
        206 18 [SINGAPORE] CSA Holdings yesterday posted a 10 per cent net profit rise to $14.5 million for the year ended Dec 31. The result was slightly higher than the 9 per cent expected by analysts polled in The Estimate Directory. But this forecast
        206 words
      • COMPANY Briefs
        • Article
          Alliance wants trading suspended
          32 18 THEME PARK developer Alliance Technology and Development (ATD) has asked for a suspension of trading of its shares with immediate effect pending the announcement of its financial results.
          32 words
        • Article
          ST Auto wins army contract
          68 18 ST AUTO, the motor distribution and engineering unit of the Singapore Technologies group, has landed a deal to design and build infantry fighting vehicles for the Singapore Armed Forces. Production will commence after the first quarter of 1998. It clinched the contract with "an indigenous
          68 words
        • Article
          Pacific Century seals bid for Tokyo site
          82 18 THE Pacific Century Group, a Hongkong company owned by Richard Li, has signed a purchase agreement for a site it successfully bid for at the Japan National Railroad Settlement Corp tender. The site to be developed is in a prime business district of
          82 words
      • CORPORATE RESULTS
        • Article
          Bonvests posts 822.6m net gain
          74 18 [SINGAPORE] Diversified Bonvests Holdings turned in an after tax profit of $22.6 million last year, just a shade off its 1995 performance. Turnover was higher at $157.6 million ($153.7 million) with more recognition of revenue from its Shelford Road residential project. Earnings per share based
          74 words
        • Article
          Wong's Circuits improves performance
          53 18 [SINGAPORE] Mainboard-listed Hongkong-based PCB maker Wong's Circuits' net earnings for 1996 rose 14 per cent to $26.43 million, on a turnover increase of 17.2 pa* cent to $168.77 million. Earnings per share was up 12.8 per cent to 18.92 cents. The directors have not recommended any
          53 words
        • Article
          Pacific Century reverses loss
          88 18 [SINGAPORE] Mainboard-listed conglomerate Pacific Century Regional Developments (PCRD) returned to the black with net earnings of $1.83 million for 1996, compared to a $15.2 million loss previously. Earnings per share amounted to 1.45 cents, compared to a loss of 9.6 cents in 1995. PCRD achieved a
          88 words
        • Article
          Hong Fok turnover, gain tumble
          66 18 [SINGAPORE] Hong Fok's 1996 turnover plunged 69 per cent to $63.99 million while net gain tumbled 78 per cent to $7.9 million. Earnings per share on a fully diluted basis was down from 24.14 cents to 5.47 cents. The company said turnover and profits were
          66 words
        • Article
          PCL results take a knock
          58 18 [SINGAPORE] Shipping and freight company Pacific Carriers Ltd posted a full-year after-tax profit of $19.8 million, one-third off its 1995 performance. The weaker dry-bulk freight market resulted in an 11 per cent slide in turnover to $122.1 million. Earnings per share based on existing issued
          58 words
        • Article
          Rotary earnings soar 182% to $5.5m
          54 18 [SINGAPORE] Rotary Engineering made $5.5 million last year, up 182 per cent. Turnover also shot up 60 per cent to $120.38 million. Earnings per share improved from 1 cent to 2.8 cents. The group expects satisfactory results this year with continued efforts to control
          54 words
        • Article
          Hind Hotels lifts profit by 34%
          55 18 [SINGAPORE] Hind Hotels International yesterday announced flat turnover of $38 million for last year. After-tax earnings, however, improved 34 per cent to $6.69 million, pushing earnings per share up to 10.14 cents from 7.5 cents. The group attributed the higher profit to increased rental
          55 words
        • Article
          Hiap Moh posts poorer results
          94 18 [SINGAPORE] Hiap Moh Corporation recorded a 15.7 per cent drop in earnings to $2.02 million last year on a 15 per cent lower turnover of $48.8 million. Its bottomline figure was showed up by a $4 million extraordinary gain to $6.09 million. Earnings per share
          94 words
        • Article
          Superbowl business up, but profit dips
          43 18 [SINGAPORE] Superbowl Holdings' turnover rose 17 per cent to $41.5 million while net profit was down 14 per cent to $6 million. Earnings per share on a fully diluted basis slipped from 4.28 cents to 3.67 cents.
          43 words
        • Article
          Superior Metal earnings plunge
          50 18 [SINGAPORE] Superior Metal Printing reported a 72.6 per cent drop in net profit last year to $914,000. The losses were incurred by subsidiary Hoover Stainless Pte Ltd, which was unsuccessful in securing major projects for last year. Group turnover increased 5.9 per cent to $52.6 million.
          50 words
        • Article
          Armstrong Industrial profit picks up
          60 18 [SINGAPORE] Armstrong Industrial Corp posted a 7.1 per cent rise in earnings to $4.7 million in 1996. Turnover was 14.1 per cent higher at $42 million. Earnings per share fell to 2.66 cents from 2.91 cents. Except for losses incurred by start-up operations in China
          60 words
      • Article
        Omni Industries' profit jumps 65% to $10.2m
        287 18 [SINGAPORE] Newly-listed Omni Industries' earnings for 1996 were up 65 per cent from $6.2 million to $10.2 million on a huge turnover increase of 89 per cent from $139.6 million to $263.5 million. Earnings per share based on a pre-flotation basis rose to
        287 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Citic Pac doubles profit to HK$6.86b on equity sales
        573 19  -  Bulkof 123%jmnp reaped from disposal of HK Telecom and Uragnwair From Quak Hiang Whai in Hongkong CITIC Pacific more than doubled its net profit last year to HK$6.B6 billion (551.28 billion) from HK13.07 billion previously, with the bulk of the increase
        ALLAN  -  573 words
      • Article
        Lock icon Red hot Gitic shares quadruple in first day trade in HK
        409 19 Bloomberg [HONGKONG] Gitic Enterprises Ltd shares quadrupled in their first day's trading yesterday as investors bet the company's parent, China's fourth-largest investment company, will help it diversify. Stock in the company, which makes marble and granite slabs for construction,
        Bloomberg  -  409 words
      • Article
        Lock icon Sino Land 1st-half profit up 49%
        113 19 AFP [HONGKONG] Developer Sino Land, which on Tuesday set a record price for a single plot of land, yesterday announced profit of HK5764.6 million (S$l42.S million) for the six months to Dec 31, an increase of 49.3 per cent over the same period in
        AFP  -  113 words
      • Article, Illustration
        Lock icon Nomura shares tumble as agents raid offices in probe
        408 19 Bloomberg [TOKYOJ Shares of Nomura Securities, Japan's largest brokerage, tumbled 6 per cent after the authorities raided its offices on Tuesday night for clues in a widening scandal involving illegal trading and underworld connections. Agents from the Tokyo District Public Prosecutors
        Bloomberg; AFP; Source: Bloomberg  -  408 words
      • Article
        MRCB may further reshuffle assets, say analysts
        517 19  -  Telekom Malaysia could be roped in to buy stake in TV3 From, Eddie Toh in Kuala Lumpur THE restructuring exercise announced by Malaysian Resources Corporation Berhad (MRCB) this week may be just the tip of the iceberg, analysts said. Besides the possibility of
        517 words
      • Article
        Lock icon Motorola to gain from Japan's new network
        260 19 Bloomberg [TOKYO] Motorola Corp will likely get several billion dollars worth of orders for cellular phone equipment from DDI Corp and Nippon Idou Tsushin (IDO) as the Japanese companies build a new mobile phone network, a Motorola spokesman said. DDI, Japan's second-larg-est phone
        Bloomberg  -  260 words
      • Article, Illustration
        Lock icon Cheung Kong, Hutchison profits soar
        500 19 More growth is seen with better economy and China returns Reuter [HONGKONG! Cheung Kong (Holdings) and Hutchison Whampoa, led by Hongkong tycoon Li Ka-shing, yesterday reported sharp increases in their earnings last year. Cheung Kong rose 23.7 per cent to HK513.77 billion (552.56 billion). Hutchison
        Reuter; ALLAN  -  500 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US jeans maker VF plans to acquire Maidenform
        186 21 Bloomberg [WYONMISSING, Pennsylvania] VF Corp said it plans to acquire lingerie maker Maidenform Worldwide Inc, shoring up its position as a leading maker of women's intimate apparel. Terms of the agreement weren't disclosed. Buying Maidenform, the largest closely held maker of lingerie
        Bloomberg  -  186 words
      • Article, Illustration
        Lock icon Barney's owners ordered to pay Isetan US$197m
        393 21 Judge rejects stand they were tricked into gnaranteemg loans NYT [NEW YORK] In a blow to the owners of Barneys New York, the upscale retailer that filed for bankruptcy protection last year in a dispute with Japanese partner, Isetan Co, a judge on
        NYT; Source: Bloomberg  -  393 words
      • Article
        Lock icon Deutsche Bank profit hurt by MGAM affair
        357 21 But bank optimistic about revamp's impact on 1997 earning; Reuter [FRANKFURT] Germany's Deutsche Bank yesterday said charges related to last year's debacle at its London unit, Morgan Grenfell Asset Management, ate into 1996 earnings, but said it was optimistic overall for 1997. "For
        Reuter  -  357 words
      • Article
        Lock icon US firms act to deter Internet users who hog lines
        374 21 Measures to be taken to curb unlimited access to Internet FT [SAN FRANCISCO] Unlimited access to the Internet in the US is on its way out. Pacific Telesis, the largest telecommunications company in California, and Netcom, the biggest Internet service
        FT  -  374 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Visa starts programme for switch to new chip cards
        498 22 Programme is based on open industry standards such as the Java language FT [LONDON] Visa, the international payment cards consortium, on Tuesday rolled out its new toolkit to help banks migrate from today's magnetic stripe cards to the chip cards. The
        FT  -  498 words
      • Article
        Indon food group borrows US$152m
        293 22 Loan to build more feedmills, new meat processing plant [SINGAPORE] Sixteen Singa-pore-based banks and three other international banks Tuesday signed a deal here to lend US$l52 million (*****.9 million) to the Japfa Comfeed Indonesia (JCI) group, one of Indonesia's largest integrated agribusiness enterprises. The syndicated
        293 words
      • Article, Illustration
        Lock icon Like real
        72 22 [SAO PAULO] A Brazilian policeman holding two 50 reals bills, one fake (left) and the other real. Authorities are battling a booming underworld trade in counterfeit bills that has emerged as an unexpected side-effect of the nation's successful bid to tame hyperinflation and create a stable currency. Police
        REUTER  -  72 words
      • Article
        Lock icon Andersen Consulting not listing
        192 22 Bloomberg [PALO ALTO, California] Andersen Consulting LLP isn't considering selling shares through a public offering, said George Shaheen, worldwide managing partner. "My partners' strong preference is to remain an owneroperated enterprise," he told the Bloomberg Forum. The partnership is owned by its 45,000 employees and linked
        Bloomberg  -  192 words
      • Article
        Lock icon Bank Austria plans to expand in Asia
        230 22 AFP [SINGAPORE] Austria's largest bank, Bank Austria AG, buoyed by the acquisition of its arch-rival at home, will go on an expansion drive in Asia where profits are expected to triple, chairman Gerhard Randa said. "The acquisition has made us bigger in size,
        AFP  -  230 words
      • Article
        Lock icon National Mutual to invest A$11m in Thai venture
        198 22 Bloomberg [MELBOURNE] The National Mutual Group said it would establish a new life insurance company in Thailand with Krung Thai Bank and a Thai businessman. National Mutual will invest Asll million (5512.4 million) in the new company and will manage it. The
        Bloomberg  -  198 words
      • SMALL Change
        • Article
          Lock icon State bank posts 11.6b yuan profit
          70 22 Reuter [BEIJING] The Bank of China, one of China's four big state-run commercial banks, generated 11.6 billion yuan (Ss2 billion) in profits in 1996, the Xinhua news agency said Tuesday. The bank's total assets were valued at 2.1 trillion yuan at the end of
          Reuter  -  70 words
        • Article
          Lock icon JP Morgan chief gets US$8.8m
          65 22 Bloomberg [NEW YORK] JP Morgan Co doubled the total compensation of chairman and chief executive Douglas Warner 111 to US$B.B3 million (5512.7 million) last year, including stock awards worth some U555.56 million. Morgan paid Mr Warner a base salary of US$6OO,OOO, a 1.4 per cent
          Bloomberg  -  65 words
        • Article
          Lock icon Sydney index futures hits volume record
          68 22 Reuter [SYDNEY] The Share Price Index (SPI) futures contract based on the Australian Stock Exchange's All Ordinaries index set a new trading record yesterday, the Sydney Futures Exchange (SFE) said. A record 37,355 SPI futures contracts were traded, representing a nominal value of A
          Reuter  -  68 words
      • Article
        Lock icon Euroyen up as Japan rate fears fade
        219 22 SOBDUteport Reuter [SINGAPORE] Simex Euroyen futures gained ground yesterday as fears of a change in the Bank of Japan's monetary policy faded. The BOJ's inaction during its money market operation left a surplus of 110 billion yen (Ssl.3 billion), confirming an accommodative stance
        Reuter  -  219 words
      • Article
        Futures recover as rate rise seems unlikely
        190 22  -  MS& TAXWAMIUTURES By Perry Gilbert vice-president, Refco Singapore Pte Ltd (SINGAPORE) The Simex MSCI Taiwan index futures bounced back yesterday, moving 101 ticks higher to close at 340.0 in the soon-to-expire March contract. Investors felt that a rate tightening by the Central Bank
        190 words
      • Article
        Lock icon Viet field: same BHP terms for Petronas
        238 22 ENERGY REPORT Reuter {HO CHI MINH CITY) Malaysia's Petronas would get the same contract terms as The Broken Hill Pty if it took over the Australian firm's stake in Vietnam's Dai Hung oil field, Petrovietnam said yesterday. "'We would have the same production-sharing
        Reuter  -  238 words
      • Article
        Lock icon CURRENCY REPORT
        266 22 Reuter London THE US dollar continued to react moderately to the quarterpoint rise in US short-term interest rates announced on Tuesday evening. It remained firm against the main European currencies and the yen. The sentiment that the rise had been largely anticipated and already factored into the markets
        Reuter  -  266 words
      • Article, Illustration
        Untitled
        1372 22 IMTERBAMR CROSS RATES Mar26 hi C$H»ECU FIT Nl HK$ !■< Is fcpMl m MS N2$ Plfc tl Pw SS 8»4 W fmmt USS AustraR* 1078 6.178 0.680 4.452 1320 4066 28.081 6.796 0.972 IMS 1999 1130 ***** ***** 1132 3.455 1146 ***** 20L363 0584 {.JM ftntfr 0.928 6.040 0.634 4.130
        1,372 words
    • Article
      COMMODITY PRICES
      1627 23 S1C0M FUTUIiBS Mar 26 HMO (MmtdMtatwaiaJOia) RSS1 cwrtsfa) OoM VolMM Ofm Mont* H*h law Satt (townaf) Irtaraat Apr 97 iKOO 1ROO 174.00 50 200 May 97 175.00 1125 Jun 97 175JO 1»0 Jul/Sep 97 ***** 56» Oct/Dac 97 17*50 4875 Jan/Mar 91 ***** ***** 179.25 75 750 RSS
      1,627 words
    • Article
      WORLD STOCK MARKETS
      2331 23 Mntriais Mjr 26 Nki *h AB Ports 272 -1.400 Abbey National 726 Allied Domecq 458 10 Amec 126.400 -1 Asda Croup 109.400 -.600 BATInd 532 *2 BO Pic 160 unch BICC 267 -1 BOC Group 950 -15 BR Petroleum 704 7 BTR 264 2 Bank of Scotland
      2,331 words
    • Article
      Lock icon TOKYO
      1658 23 Reuter Q Nikkei 225 +3184 STOCKS ended mostly steady yesterday after see-sawing throughout most of the session. Brokers said the market reacted little to the Federal Reserve's rate rise as it had already been factored into the market. The 225-share Nikkei Average ended 32.84 points higher at 18,472.45. Its
      Reuter  -  1,658 words
    • Article, Illustration
      Lock icon HONGKONG
      1588 24 AFP, AFX-Asia Q Hang Seng -***** SHARE prices dropped 0.4 per cent yesterday in quiet trad ing following a rise in US interest rates. Dealers said the fall was in line with expectations and there was still some uncertainty about the US interest rate policy following the rate rise.
      AFP,; AFX-Asia  -  1,588 words
    • Article, Illustration
      Lock icon CHINA
      674 24 Reuter *LO4 THE Shenzhen B share market ended higher yesterday on optimism over China's economic outlook and strong performances of several stocks. The B Index gained 1.04 points to 163.12 on turnover of HK$B5 million. "The central bank governor's strong economic forecast coupled with the absence of bad news
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  674 words
    • Article
      Lock icon TAIPEI
      356 24 AFP d WPlndex ♦MBJO STOCKS finished 2.4 per cent higher yesterday as investors sought bargain-priced issues. "Encouraged by yesterday's robust buying by institutional investors, more players returned to pick up low-priced issues," said a broker. The TSE Weighted Price Index jumped 185.90 points to 8,029.33. Turnover was 2.75 billion
      AFP  -  356 words
    • Article
      Lock icon WELLINGTON
      269 24 Reuter UJ Wellington +0-60 SHARE prices ended almost unchanged yesterday with the market ignoring the Federal Reserve's quarter point rate hike overnight. The NZSE-40 Capital Index ended 0.60 point higher at 2,220.87. Reuter HarM U$ C««0) ANZ Banking 9.07 "0-23 ***** Advantages Htdgs 1.30 ***** Air New Zealand (A)
      Reuter  -  269 words
    • Article, Illustration
      Lock icon BANGKOK
      847 24 AFP SET Index *311 SHARE prices rose 0.5 per cent yesterday with limited bargain-hunting in banking and finance stocks in the runup to the release of statistics by the Bank of Thailand, analysts said. A Thai Financial Trust analyst said the market did not react to the premature announcement
      AFP  -  847 words
    • Article
      Lock icon SEOUL
      419 24 AFP Fl Composite Intel +17.72 SHARE prices soared 2.8 per cent yesterday, backed by reports that the government would soon raise the foreign shareholding limit. The Composite Index rose 17.72 points to 656.62. Turnover was 43.9 million shares worth 581.3 billion won. Risers beat falls 695 to 142. Undervalued
      AFP  -  419 words
    • Article
      Lock icon SYDNEY
      612 24 AFP F1 All Primaries +0J SHARE prices closed marginally up yesterday, tempered by the combined effect of the looming Easter long weekend and a US interest rate rise. The All Ordinaries Index gained 0.9 point at 2,404.3. Turnover was 300.9 million shares worth A 5772.1 million. The banking sector
      AFP  -  612 words
    • Article, Illustration
      Lock icon JAKARTA
      756 24 AFP W Composite Index +2.06 SHARE prices closed 0.3 per cent higher yesterday as investors sought selected heavyweight stocks in an otherwise dull trading session, dealers said. "It was a very lacklustre day. But not surprising, many investors are beginning to pick up some undervalued stocks. Trading was not
      AFP  -  756 words
    • Article
      Lock icon MANILA
      339 24 AFP n Manila +19.02 SHARE prices rose yesterday as investors bought selected blue chips, brokers said. The PSE Composite Index rose 19.02 points to 3,223.14. Turnover was 9.6 billion shares worth 2.1 billion pesos. Philippine Long Distance Telephone gained five pesos to 1,595 while cellular phone industry leader Pilipino
      AFP  -  339 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Foreign funds lead late buying charge
        278 25 AFX-Asia Q Composite Index +&25 SHARE prices closed higher across the board yesterday as foreign funds led a late buying charge. Dealers said that the market had shrugged off the negative news from Wall Street, following the Federal Open Market Committee meeting, and in
        AFX-Asia  -  278 words
      • Article
        Untitled
        233 25 U» 0—li Cwwmerpr# 33 10 M»rtf m a Construction It 5 4 Trttfnt/Svc 47 12 MWh 0 1 ri>v«K« 43 16 HMM *00 PrwrtT 42 13 11 PtontaMn 23 S 0 0 Tru«t 4 0 0 ink N a RWWarranta 0 2 0 SMMlMrt 1M 39 31 fatal SOS US
        233 words
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        Untitled
        7803 25 MWSTMALS COMMMT pr«*KtS 1997 List Vol Oay Net Cap High Low Company Soto OOP High Low Pit Jmll 790 680 A|inomoto 710 unch 11 730 710 54.2 287.8 448 334 Angkasa 390 4 20 390 386 11.6 575.0 905 750 Apollo Food Hlg 845 40 1449 860 810 338.0 428
        7,803 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3818 26 > l0NM f LOANS ft VARIANTS w mi/mr Lnt vai o•* Lwi Owm *»i Htfk Lh stna Crnnwy Sat* *ar- fOOO) High Law »«v*r Pr4c 68 47 m 3000 mMMcS.5%*****6 54.5 «dS 32 IS S4 54.5 M 62 39 3160 *Ac»r ******1 US$ 42 *2.5 45 131 85 3164 Acma
        3,818 words
      • Article
        Volatility figures show Tongkah warrants heavily overpriced
        183 26  -  WARRANT WATCH By] R Sivanithy TONGKAH HOLDINGS was heavily in play yesterday, together with its warrants. The counter was among the best percentage gainers both here on Clob International and the Kuala Lumpur Stock Exchange. A review of its warrants is therefore in
        183 words
    • Article
      CLOB INTERNATIONAL
      2270 26 MALAYSIAN STOCKS Gr Or 1996/1997 Last Vai Day Last Oast* Ot* OK VM Nit M Cap HM< L— >tna Cams—V M« fOOOt H>» La» Buyar 5a—r CV It W $W 625 360 JWI aia »M 77 414 402 414 4W S3 4.9 04 84.1 424.7 137 84 ms
      2,270 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1578 27 TURNOVER COOO) VALUE COOO) i—in cm Ttw cn> Tati industrial 26.855 25.704 52.559 82 983 *8.037 *****0 f inane# 6.431 12,307 18,738 39.710 18.430 58.140 Hotatj 1.382 2,359 3,741 4.241 5.290 9.531 Prop»rti»j 4,140 34.848 38,986 28.404 43.483 71.886 Plantation 2.640 2.640 10.524 10,524 Mtnina 951 951 2.978 2,978 BLW
        1,578 words
      • Article
        MAIN BOARD
        5093 27 Transaction Date JV!ar2G Cr Cr M Wt mt/mT Last Vol Day La** Ouott Dl» Dtv YM Nat Cap Avg High Law StNo Company Sale COOOI High Lew Buyer Seller C'vr P/Z $mll Wc# INDUSTRIALS 5146 ASENTStO 200 US- 1000 900 1275 ASF USS0.*****._. US900 *>.0 214 155 1258
        5,093 words
      • Article
        SESDAQ
        1123 27 at or mm 1996/1497 Last Vat Day Last Ouotf Wv Mv YM Nat Cap High Law StNo Coma lay Sat* COOP) Miqh Law Btiyar SaMar C'rr P/t lal Prlca mn 269 134 a 2000 A8RHIdqsS« 136 cd -4 37 140 134 137 140 3.0 14.2 0.1 85.0 60 5
        1,123 words
      • Article
        Untitled
        226 28 Stocks Volume •MBF Land Bhd 8,550,000 Pac Andes 20c 6,643,000 •MBf Hldqs 50c 5,886,000 •Tongkah Wt99 5,656,000 •Asia Pac Ld 5,160.000 •Menang Corp 5,061,000 •FACB50C 4,972,000 *IG0 Corpn TSR 4,708,000 •Amstee) Wt 4,428,000 *PJ Dev Wt 4,167,000 Stacks Keppel Corp 17,412,323 City Dev 50c 12,346,360 DBS Foreign 10,218,120 •MBF Land
        226 words
      • Article, Illustration
        HOT STOCK
        65 28  -  -bf Shiv Taneja MENANG CORP, which closed nine cents higher yesterday at $1.33 on a volume of 5.06 million shares, has run up a fair bit over the past couple of sessions. Yet, the directional indicators are calling for a buy, and investors can expect more upside in
        65 words
      • Article, Illustration
        Market up after hesitant start over Fed rate rise
        704 28  -  STOCK MARKET COMMENTARY Late afternoon burst lifts STII above key 2,100 level; focus falls on Malaysian stocks and those with positive earnings surprises BU R Sivanithy [SINGAPORE] After a slow start as investors assessed the implications of Tuesday's US interest rate
        704 words
      • ON THE GRAPEVINE
        • Article
          Where is my exchange gain?
          176 28 ONE unsuccessful applicant for Noble Group shares which are denominated in US dollars was happy to see that her bank, POSBank, returned her money with no exchange loss. Happy, until she found out that POSBank stood to make $7.92 on her one lot of shares.
          176 words
        • Article
          Mercedes Maners?
          92 28 MCL Land (formerly Malayan Credit Ltd) is bustling upmarket in the condo business. And what better way than by borrowing the wheels of its 60 per cent parent, Mercedes Benz distributor Cycle Carriage? The two wheels of the C&C logo, which in Singapore have become almost interchangeable with
          92 words
        • Article
          Name game
          94 28 ACCORDING to Chinese papers in Hongkong, a senior official in Jardine Fleming is called Mr P J King. If the name does not already evoke rich imagery, wait till you read his Chinese name. In Hongkong, it is a common practice for expatriates to translate their names. phonetically.
          94 words
        • Article
          Admiral's privilege
          58 28 HMS ILLUSTRIOUS, a British aircraft carrier, has amongst its "weaponry" on board a Jaguar Sovereign car. As big as the aircraft carrier is, no, it isn't for joy-rides around the ship, but is used by the ship's admiral for official functions at the carrier's various ports of call.
          58 words
        • Article
          Nars attack!
          136 28 FAD cosmetics importer and retailer True Colours may be feeling the heat these days. Competitor Estee Lauder has cut prices for the cosmetics line MAC, once distributed solely by True Colours, and its new outlet at The Heeren ain't exactly packed either. Sure, an advertising campaign may be
          136 words
        • Article
          Transactions just as brisk
          59 28 A DBS BANK branch manager recently said for all the talk about a slower property market, he hasn't benefited from a lower workload. "Transactions are just as brisk," he said. And they fall into three categories: new launches, freehold properties in the popular 9,10 and 11
          59 words
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      258 17 m wjjjjjjjjc mi JiJ mi UD'JrU iJU J lifSJ tm IJJjJJJJJ JJGJJJjJ iHttl t *jjum %t@F >;• $as*w H/J74L **^Sr-^%•, nHffj' v. <V '^^'i." sßs^ i i :>! '-2* y j? mbo £Z',' y Meyer before has a dub been so highly -Ms 1 acclaimed, winning numerous accolades and bringing
      258 words
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      Page 18 Advertisements Column 1
      227 18 University of Wales, Bangor Zr Manchester Business School THE UNIVERSITY OF MANCHESTER owv 1997 intake/! This MBA has been designed specifically to offer and Economics at the Wales B Bangor, one of Europe's leading university Strategic Management departments in banking and finance studies. specialist options With its emphasis on finance,
      227 words
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      130 19 What's your favourite business perk? Avoiding queues with priority check-in, a generous 30 kg baggage allowance plus priority tags to ensure it all arrives first French champagne, or Australian wine or beer to relax you and an amenities kit with Red Earth fine skin care products. 10" more leg room
      130 words
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      Page 20 Advertisements Column 1
      549 20 Incorporated on 28 Morch 1987, International Factors (Singapore) Ltd started off ten years ago with an initial capital of $2 million offering factoring as its main service. Today, the Company is Singapore's leading factoring company and prides itself on continuing to provide friendly, efficient and competitively-priced services. As we celebrate
      549 words
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      Page 21 Advertisements Column 1
      1548 21 QAM TCU ITD FULL YEAR FINANCIAL STATEMENT ]> ;and dividend announcement The Directors of San Teh Ltd are pleased to announce the following unaudited results of the Company and of the Group for the year ended 31 December 1996: 7. Review of the performance of the company and to principal
      1,548 words
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      187 24 —Land Transport Authority Infoline Res s INFI!!lill6 COE Bidding Results Car Registration Number Availability. I Wondering which share result An SPH AudioTex Service Available on 10th or 11th of every month. AH you Available between Saturday and Wednesday each week. All you need is Call Olir llOn- 1900 AlldioTcX Enquiry
      187 words
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      48 25 GET THE BEST IPO FINANCING FROM CITIBANK. FOR ENQUIRIES. PLEASE CALL OUR 24-HOURCITI PHONE BAN KING ON i I SOO) 225-5225 CITIBANK I', k\ II I S I ONI s|| NI( N > s <> K < II \K I > K() D I > K<>\ < I \s I
      48 words
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      35 26 VISIT ALFRED dunhill at raffles hotel arcade, the paragon. NGEE ANN city. SOGO RAFFLES CITY, daimaru LIANG COURT and leading watch retailers The Centenary Steel Watch from Alfred Dunhill. Indispensable for men of the world.
      35 words
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      356 28 BUSINESS Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GORDON TRENO PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Jin Hegarmanah No 24, Bandung, Indonesia, on 21 March
      356 words
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      Page 28 Advertisements Column 2
      438 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ANN LOK YUEN (PRIVATE) LIMITED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.so. that a Final General Meeting of the abovenamed Company will be held at 9
      438 words
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      Page 28 Advertisements Column 3
      190 28 NOTICE THE SIAM COMMERCIAL BANK PUBUC CO. LTD. N*gotiabl« Floating Rat* United States Dollar Certificates off Deposit due In September 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from 27 Mar 1997 (inclusive) to 30 Sep 1997 (exclusive)
      190 words
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      Page 28 Advertisements Column 4
      268 28 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF EASTERN CHANDUNG PTE LTD (In Members" Voluntary Liquidation) NOTICE OF RNAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 ol tha Companies Act. Cap. 50. the Final Maating of the members ol the abovenamed
      268 words
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      Page 28 Advertisements Column 5
      254 28 To advertise call toll-free 1800-*****83 [and transport authority DSDDBEB93B 1900-914-0900 Are Y u THROWING AWAY POTENTIAL PROFITS? Available on 10th or 11th *WiY month. All you need Is enter your IC, Pfetport or j the Wondering Avfllabla betwfeen flfcftntfcy WedflMlfßy aech which share result? 9 week. Alf you need b
      254 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      308 29 Bridge News, Reuter THERE was still little activity to emerge on the freight market as brokers are finding it difficult to find real business to fix ahead of the holiday, sources said. The tone on the freight futures market remains extremely nervous ahead of the holiday period, as
      Bridge News,; Reuter  -  308 words
    • Article
      MARITIME STOCKS
      184 29 MHHHMMMMr WmU a f- M 22 FrewSi—L-<t£ *OM 37 WliMMI HTTT <M 17 SisZnv UM «w m 11 Tim MO m*h H MSTl=tS 28 «S S5SSL—tS tSS 35 MmIT* L40 -Ou« MS UftjlMM 2JOO -OM 3094 Sot*"" —iff «ouoi m ssestjes hilMMCa*—OLTS -OuOJ J7 STK L70 irffNM U«
      184 words
    • Article
      FLEH unit Piow Hong buys 56 new cranes
      456 29  -  Freight Links aims to build its heavy equipment arm into a core business By\ Felix Chan [SINGAPORE] Home-grown logistics group Freight Links Express Holdings (FLEH) intends to build its heavy equipment arm into a core business along with its current freightforwarding, warehousing,
      456 words
    • Article, Illustration
      Lock icon Pakistan plans free port for Central Asian oil and gas
      348 29 Reuter [ISLAMABAD] Pakistan, dependent on imported oil and gas to meet rising domestic demand, plans to develop a free port to process oil and gas from Central Asia. "We are ready to build massive infrastructure in Gwadar to create a
      Reuter  -  348 words
    • Article
      Jurong Shipyard deaths:job on oil rig tank not scheduled
      254 29 [SINGAPORE] The three workers who died inside a tank in an oil rig mishap at Jurong Shipyard on Monday were not authorised to enter the area, nor was the job on the tank scheduled for that day. The incident, which resulted
      254 words
    • Article, Illustration
      Former Marine Dept director now with NOL
      275 29  -  By Yong Mei Fong [SINGAPORE] Former Marine Department director Teh Kong Leong has joined Neptune Orient Lines, following his resignation from the Maritime and Port Authority of Singapore (MPA) earlier this year. Mr Teh had been director of Singapore's Marine Department since 1987.
      275 words
    • PORT Shots
      • Article
        Guangdong ports handle more trade
        87 29 [HONGKONG] Trade through Guangdong's 195 ports was valued at U*****.97 billion (*****.2 billion), up 5.8 per cent last year. Five more ports are expected to open this year since, according to Chen Yongshen, director of Guangdong provincial port office, rapid development of the ports was
        87 words
      • Article
        Lock icon P&O line misleads passengers:Florida
        93 29 Reuter [FORT LAUDERDALE, Florida] Florida on Tuesday charged in a civil complaint that Princess Cruises, a unit of Peninsular and Oriental Steam Navigation Co of Britain, was deceiving passengers on fees. The filing in Broward County Court here seeks US$l5,OOO (5521,450) for each violation of a
        Reuter  -  93 words
      • Article
        Lock icon Kuwait court to rule an KOTC case
        96 29 Bridge News [KUWAIT CITY] Kuwait's ministerial court has assigned April 22 as the date to rule whether prosecutors and lower courts committed procedural errors in a 3-year-old embezzlement case involving the Kuwait Oil Tanker Co (KOTC) and a former minister. The verdict will
        Bridge News  -  96 words
    • Article
      Lock icon Dutch help for China's intermodal transport hits serious snags
      447 30 Proposal to improve links at eastern ports meets political infighting within govt departments Journal of Commerce (SHANGHAI! The Netherlands has offered China a comprehensive technical assistance plan with a menu of options to improve transport planning, but endemic political infighting within
      Journal of Commerce  -  447 words
    • Article
      Lock icon New shipbuilding group for Poland
      175 30 Reuter [WARSAW] The Polish government on Tuesday pushed ahead with the creation of a shipbuilding group to help the industry survive foreign competition. Finance Minister Marek Belka said the government, tired of waiting for results of talks among the group's would-be members, decided to kick-start
      Reuter  -  175 words
    • Article
      Kvaerner's order books look good except at UK yard
      640 30  -  NEWBUILDS By David Hughes ON BALANCE it has been a good few weeks for the massive Nor-wegian-owned, but Londonbased, shipbuilding and engineering conglomerate Kvaerner. The group has secured two major shipbuilding contracts as well as letter of intent for an offshore
      640 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      267 30 PACE Eastmal S ACL 11 "Stall n AMI 3 ECl 6 Able 4 EES 6 Accord 12 "taoptan 6 Ahrenktel 4 Euroftans 6 Appenship 5 Ewgrwn 6 Astro 3 Austral 11 FL-Bright 11 Avarrt 6 FoongSun 12 BSA 7 Frt Work) 7 BatamirxJo
      267 words
    • Article
      SHIPPING GUIDE
      15885 36 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 30/03 21/04 DSEN SOVCOMFLOT SENATOR WF717 *****6166 A 31/03 23/04 Han|in H. FELIXSTOWE 032W 65 *****24 31/03 24/04 Evergreen E. OIANT 6
      15,885 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        750 43 Vessel Voy No Berth Arrival Departure Uwjjfl *170 J_U M alongsKle £H552! Am turns 44/* J17 aiongs.de 28 03/0600 MUMS HMO J02 aMfi* 2703 2300 9t M«i 2Mart/ J01 alongside 27.03/0029 St 9e, J *****7 J01 alongside 03/W00 jeoenfuegos Olfll J« flnvSS Caod liiclt 1/97 JO« alongside 27.03/1800
        750 words
      • Article
        CONTAINER SCHEDULES
        1799 43 RECEIVING OF EXPORT FCL CONTAINERS AMD LCI CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Ported From To From to LDv 087i 28/2 k* U 26/isoo 26/*59 26/1900 IS 26/1500 26/1659 26/WOO 2A 26/1700 27/065* 27/0*00 21 26/1700 27/0659 27/0900 I 27/0700 27/1159 27/1400 4 27/1200 27/1459 27/1700 MuMMi
        1,799 words
      • Article
        GLOBAL HOLIDAY
        230 43 Mar 27 Denmark: Maundy Thursday. Philippines: Maundy Thursday. Mar 28 Australia Good Friday. Canada: Good Friday. Denmark Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Netherlands: Good Friday. New Zealand: Good Friday. Norway: Good Friday. Philippines: Good Friday. Singapore: Good Friday. Sweden: Good Friday. Switzerland: Good Friday.
        230 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1022 43 THIS report, compiled by Cockett Marine Oil Ltd. thows price ran«e* in US doUan Instead of tingle prices for a more comprehensive description of the market Prices shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and the indl
        1,022 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        455 43 Carton '80 Mai 993.3 1.1 16.8 O.n 106 0.0* U— XI Dtfltrty Watff IhMin Ask AhmMm Sl*wiirt >0 abOM E25 2 1 9 4 1 0" 2L2 1 r-TT" 380 AM 905.5 0.5 12.6 0.07 34 0.0? *22 380 Mai 995.9 7.0 17.9 0.18 81 O.cf
        455 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon All Boeing 737s have rudder problems: report
        515 44 US plane maker denies report, says all3,ooojets in service are safe AFP [LONDON] All 3,000 Boeing 737 aircraft in service have flawed rudder designs, the BBC claimed on Tuesday, citing a leaked US air safety inspectors' report. Rudder jamming "can no longer be
        AFP  -  515 words
      • Article
        Lock icon M'sians heading for Fokker talks: report
        283 44 option seen as final lifeline for Dutch firm Reuter [AMSTERDAM] A team from the Malaysian government investment company Khazanah was to visit the Netherlands yesterday to discuss a possible relaunch of bankrupt Dutch aircraft maker Fokker NV, the Dutch news agency ANP reported on
        Reuter  -  283 words
      • Article, Illustration
        Lock icon US rates S'pore, Saudi Arabia as meeting air safety standards
        219 44 Reuter [WASHINGTON] US officials on Tuesday said that Saudi Arabia and Singapore met international safety oversight standards for their airlines, but Pakistan and Nauru were rated conditional and Malta unacceptable. The Federal Aviation Administration said the ratings did not indicate
        Reuter; FILE PHOTOS  -  219 words
      • Article
        Lock icon FAA refuses to release airline safety rankings: ex-official
        258 44 Reuter (WASHINGTON] A former senior official of the Transportation Department said on Tuesday the Federal Aviation Administration had accident and incident ratings for US airlines but refused to make them public. Mary Schaivo said at a news conference and in a re:
        Reuter  -  258 words
      • Article
        Lock icon Ansett launches business-class service
        232 44 Reuter [MELBOURNE] Australian airline Ansett launched its new Business First service yesterday, joining battle with rival Qantas in an aggressive pitch for the wallets and stomachs of the business traveller. Ansett, owned equally by News Corp Ltd and Air New Zealand Ltd, said the new class
        Reuter  -  232 words
      • Article
        Lock icon Boeing's deal with Air China seen as major breakthrough
        334 44 Prospects for other sales to follow, say analysts Bridge News [SEATTLE) A US$6B5 million (*****.5 million) airplane deal announced on Tuesday by Boeing to Air China is seen as breaking a logjam in sales to that Asian nation, an analyst said.
        Bridge News  -  334 words
      • Article
        Lock icon Ford to increase stake in China venture
        201 44 AFP [BEIJING] The US-based Ford Motor Co has won agreement to Invest a further U5554.5 million (5177.9 million) in China's Jiangling Motor Co (JMC) for the development of a light, commercial vehicle for the China market, the company said yesterday. The deal allows
        AFP  -  201 words
      • LOG Book
        • Article
          Lock icon Air Canada's ex-president paid C$3.2m
          99 44 Bloomberg [MONTREAL] Air Canada's former chairman, prasklent *-3 and chief executive's salary and bornia mare than last year to C 52.16 million (US$2.2 million), the result of a special retirement bonus. The country's largsst airlins paid HoUis Harris a C 51.37 million bonus when he
          Bloomberg  -  99 words
        • Article, Illustration
          Lock icon Isuzu to launch new vehicle
          71 44 Reuter [TOKYO] Isuzu Motors Ltd said it will launch a new sport-utility vehicle, named "VehiCßOSS,'* to Japan on April 26. The four-wheel-drive <4WD) ear, powered by a 3.2-litre V 6 petrol engine, will use plastic panels (br the tower part of body and a''torque on
          Reuter  -  71 words
        • Article
          SIA plans new services from March 30
          72 44 (SINGAPORE] Singapore AlrUn»wUH»]ncnttlii(tt» services to several destinations with eflfect from Sunday. The new services will include one additional weekly from Singapore to Athens, Manchester, Guangshou, Surabaya, Ho Chi Minh City, Delhi and DIUtfUL Prom J August. SIA will begin flying to Jeddah instead
          72 words
      • Article
        Lock icon Indonesia aims to sell patrol planes to UAE
        161 44 Reuter [ABU DHABI] Indonesia is seeking a US$25O-US$27O million contract to supply maritime patrol aircraft to the United Arab Emirates, Indonesian Foreign Minister Ali Alatas said during a visit to the Gulf Arab state on Tuesday. "We are interested in bidding for
        Reuter  -  161 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1251 44 CITY FLIGHT ETA FLIGHT ETD S0171 1420 VH740 WW mmm ormaw na swt4 hp MM* S0230 1815 0FI2 2050 UA805 0105 UA806 0800 Oft, 1930 SOI H40 CXTK) 0040 AMtirtM KL843 0550 KL834 0025 "J® 3 S22 nS ni x mm n in CX7T7 1235 S0862
        1,251 words
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      19 29 Dutch help for China's intermodal transport hindered Proposal to improve links at eastern ports meets political infighting. Page 2
      19 words
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      Page 29 Advertisements Column 2
      48 29 'Newbmlds' column by David Hughes, and more news reports See Page 2 f v "ZIM ATLANTIC" Departing today on her Maiden Voyage, joining her sister ships Zim Pacific Zim Asia Zim America Zim Canada Zim Italy Zim Korea Zim Japan Zim Hong Kong Zim Israel *11 WAYS ZIM
      48 words
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      Page 29 Advertisements Column 3
      113 29 All Boeing 737s have rodder problems: report US plane maker denies report, says all 3,000 jets in service are safe. Back Page ZIM STRENGTHENS YOUR LINK WITH THE WORLD EIGHT NEW ULTRA-MODERN CONTAINER VESSELS JOIN ZIM'S CONTAINER FLEET The eight new vessels feature advanced technology, modem satellite communication systems, ultra-modem
      113 words
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      818 30 [attiQAPOM CMjrOWWIABXPWBS (DIW6CTFROOI WEST COAST) IQULF KARACHI EXPWfSS j lOQ VBSB fVW |OM VAN HA |tt SM VBSB. VOT JM MM MM lAI CM SM nnr sows* mm m/m m/u io/n v/n wbtbbunu* iii v/n~ ~ii/u u/u S/n ts/n mOKON 52W510 10/03 13/03 13/03 17/03 M/M OABMABOAT Hi 14/03 14/03
      818 words
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      Page 30 Advertisements Column 2
      609 30 xSjjgv Lines services represented by Member* of the Registry of \jW9M}) Accredited Shipping Agents. S pore National Shipping Assoc. Membersofthe Singapore Freight Forwarders' Association Just talk to us... Iris Llm 740-2044 Tan Lip Chuao 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 EXPORT 3 x Japi -2 Mangling •1 x Monfa
      609 words
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      Page 31 Advertisements Column 1
      1144 31 PACTK SOUTH WEST EXPtESS (PWECT) AISO ACCOTWW MANAUS Ivissa Ivor IHi lain* lauro I mlnlilcw I wrc la hou mm I miwM mm |i//n I i9/w Im/m I m/m |m/m |m/m w/m it/M 1»«/m m/m jm/m |ii/n I ii4i |M/» 1 M/M I P/M IBM 15/04 14/ 14/ 14/ M
      1,144 words
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      Page 31 Advertisements Column 2
      1909 31 I OHANJIN SHIPPING luMmM/ww mb m m w w w a ~~wt i bb> wt jim|mmj im "ok mm wa m m HOBBMBfITI B/M *7/M~| 17/ M M/M M/M M/M 11/ M n/M M/M 11/ M g/H g/M 22/ M g/M 21/ M M/M nm M/N g/M 11/ M I
      1,909 words
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      Page 31 Advertisements Column 3
      101 31 ORIENT EXPRESS UNES (U.K.) LIMITED OSL (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE vesse voy smfo« tomxt vtssa voy pommy sawoti lEERORT 915 28/03 06/04 LEEROKT 914 21/03 28/03 SHARTQ6A 209 04/04 11/04 SNARTOBA 208 27/03 04/04 NOROKAP 409 08/04 15/04 NORDKAP 408 31/03 08/04 LEERORT 916 17/04
      101 words
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      Page 32 Advertisements Column 1
      1186 32 CT DSR-SEMATOR in Round the World Container Sen/ices TO UK/CONTINENT FROM UK/COfmNBNT I w~TS> wm Iwwlmm I fu act im wr uw win wv wan rj m m SOVCOMH.OT tBIATOR WF7l7|M.n U.M 21.04 22.M Z2.H H H M.M CNOTMH OMNT ffTM IBBBMISBB 17 B B HMUMFfUXXTMK «Mf7l«|3lßS MM ».M MM
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      Page 32 Advertisements Column 2
      1131 32 I NORASIA I I vessel vovam pkTl ooalabmlvalalo not ant fellha I MMFMMNM 0711-3 2MB 11*4 tW 12*4 2M4 21*4 17*4 11*4 11*4 1«94 NOR HONGKONG *7124 KW DM 11*4 21*4 MM 27*4 26*4 24*4 2*04 2S*4 2M4 I NORSHMUAH 0713-3 00*4 MM 2HI W M« IMS IMB 02*6 KM
      1,131 words
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      Page 32 Advertisements Column 3
      435 32 -rr- /VOfITRANS CONVENTIONAL SBtVKE ID THAJUND AND MALAYSIA BREAKBUIK, RO/RO AND HEAVYUFT ANY WBGRT THAI FLAG STATUS PRIORITY BOTHS i+ixinHVAU saila sua 2*30/03 jmi/nA*ExpmV.4SA 05-07/04 0848/B4 12-13/04 IJ-IA/W* ABa Expats V.4AA 18-21/04 22-22/04 20-27/04 27-30/04 Ado Espraai V47A~ 83-OS/OS 08-08/0S 10-11/05 11-14/05-BOOKINGS t ENQUIRES: IB HI tu JM skmme its>
      435 words
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      Page 33 Advertisements Column 1
      1214 33 1 y j t ly t ißß| J| VtttlW VQY MM POU PKO PtN «UW BA BJK IRAN TCYFOURI PJL-1223 20/03/97 2#/ 31/03/07 MAM OHCYAMAT PJL-1228 06/04/97 03/04/97 li£££Z m IRAN TAKHTI PJL-1224 13/03/97 07/03/97 28/03/97 23/03/S7 IRAN TAKWTI PJL-123Q 18/04/97 13/04/97 28/04/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS
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      Page 33 Advertisements Column 2
      1187 33 TO SOUTH ITALY 1 MAM LOCALITIES VIA II NAPLES j I SINGAPORf'S MM MM 6 SHINTON WAY TIL *****00 FAX: *****04 OUTWARD (l/l) *****02 JOHORE OFFICE; I COSTAR SHIPPING FT! LTD #17-44 DIS HOG SAUS/MGS «MSMI/43 INWARD DIPT (D/O) *****85 COSTAR AGENCIES (M) SDN BHD I |CI NO: **********0* TOWB
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      Page 33 Advertisements Column 3
      425 33 /7 IPERKAPALAN DAI ZHUN //Jx TONG JOO SHIPPING PTE LTD CR NO; **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 K9cam§-fAsrtsr nuusn muuwMomum/ ho chi muH-miCAm ~2 Ami %rm 20/03 wtomg 9720 00/oo gmjat as ijz jo/m WSOOM ***** 30/03 GUOO 0741 06/04 GIWI ***** 01/04
      425 words
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      Page 34 Advertisements Column 1
      1272 34 EURQPE/UK/SCANDimVIA/FINLAKO/BUSSIA SGP ROM ANW HBG TUP ZEE LHV LHV THP RDM ANW HBG PKL SOP E REFINE RW-010 29/03 11AM 23AM 11AM 21/04 22AM 23AM E GRAND RE-MI 27/02 02/03 28/02 03-03 (MAW 20AK E REPUTE RW-000 OSAM 2SAM 30AM 20/04 28AM 20/04 30/04 E GRAOEN RE 007 04/03 05/03
      1,272 words
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      Page 34 Advertisements Column 2
      1147 34 imsß IMPOST VISSU VOTAGI WDNMUUDMMNINTIU VESSIL VOTACI DM MA AIU HMD lAH SCP I UNI (ONCER! *****3*1 03/04 13/04 13/04 14/04 15/04 14/04 14/04 17/04 UNI CORONA 0445 034E 14/03 14/03 17/03 11/03 l»/03 31/03 UNI COHCOKO 04SO 034* 10/04 20/04 70/04 71/04 72/04 7V04 21/04 74/04 UW CHAJTT 0444
      1,147 words
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      Page 34 Advertisements Column 3
      467 34 /£ZT NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SW PUI I DUI CPT~ IjjjlM ftIIKESS 0135 ?4/t>3 01/04 12/04 NAMTAI QUEEN PITS 02/04 11/04 IS/04 H/04 mrountiNtE 014s w/04 27/04 24/04 NANIAIVEWUS om 24/04 03/05 07/05 11/05 NOW 0145 03/05 11/05 17/05 21/05 mmrtiNQSs
      467 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      733 35 iJBSAjI ■EUUflliftMfaUliiSHll^^ MM MYANMA \BBBk FIVE STAR LINE W (Myoamar National Um) 1,1 Loading for Yangon (Rangooa) vtssa vot six m pn reti PAGAN 242W MPT HPA-AN 211W 17/03 UUTSU MINTS: OOUSTEAD SMPPMG AGENOES lUL m 07-03-2417)00 P*L TU 02-03-*****01 rot TH 02-04-2****** NO; HI 02-07-*****21/4 BANK LINE (A W¥k*
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      Page 35 Advertisements Column 2
      1141 35 4 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKCfe *****32 I HH I RR I NO I mm Ml I M I IMI I Ml I M I MM I Ml I X 14/03 M/ 03 29/01 MIHHU NOP N/03 l«/H 17/H 19/H 11/04 14/04 22/H i 03/ M
      1,141 words
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      Page 35 Advertisements Column 3
      30 35 "PAftUBgOU wmnrauD INifcHflCt nwmMßtlwi uniJnM —Jtn.fr cmtmuu. bouth Akmmc* Accrnptmg cargo tor portt m Mtafco. OuHm*H B S*mt ot, HonArma, Coato Hem. OwnMcan Rf*. Pumto fltoft Vfcnuwfc. P*m. Ch*il Unjguqr
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      Page 35 Advertisements Column 4
      550 35 FAMOUS CONTAINER LINES JIF— 80 ROBINSON ROAD, #22-02 SINGAPORE *****6 y HOT UNE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (c 0.... 311KP) NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL: 603-*****33 (20 UNES) FAX: 603-*****33 (05 UNES) COMPREHENSIVE SAILINGS TO AND FROM PORT KLANG
      550 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      27 37 To retrieve more schedules, just follow these simple steps... 740-600n^^^^^^P Jfj~' the port your St Step key in the four number /jV code for calls within Singapore
      27 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      441 39 Woalcly LCL A FCL m IPOIIBi-#!! Services to Conbboon hipping A Centrol America MAERSK NEWARK SEA VIGOR 9706 9706 Port Country 30/03 06/04 Belize City Belize 03/05 10/05 Bridgetown Barbados 06/05 13/05 Cartagena Colombia 05/05 12/05 I Castries St lucia 05/05 12/05 Fort de France Martinique 06/05 13/05 Freeport Bahomos
      441 words
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      Page 39 Advertisements Column 2
      1252 39 ADVANCE CONTAINER LINES (PTE) LTD JA I Z 140 Cecil Street #12-00. P»L Building, Singapore *****0 —1 m I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO. **********0E JJJUAfk (5 tSSHSiSk to PAT. 3 SMH<£ to OMT. 2 SMUngs to LCH) (4 Utllf«/WM» IMAIiAwn —p—- ytssa voy ACT
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      Page 39 Advertisements Column 3
      921 39 CR NO: **********0Z wrssgis VOY Stt JED PSO LEH HAM RTM THP ANR V±E DC SAQfTTA SI9W 3(V03 09/04 11/04 20AM 21AM 23/04 24/04 ~~2S/04 MUCK NORMA NI9W 07/04 16/04 18/04 27/04 28/P4 3(V04 01/06 02/06 VfcLE OE GEMMA HIBW 14/04 23/04 25/04 04/05 06/06 07/06 06/06 09/06 VILLE DORION
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      Page 40 Advertisements Column 1
      835 40 —I i i "-^l giSEL VOY SIN BKK VESSEL I VOY SIN PttL XftMABHUM "W Thu |lnPt Sun 3<VQ3 BUNOASEROM T067 Thu I *Pt Frt I 3SAM HATHA BHUM 192N Sat 29/09 Tu* 01AM BUAS EMPAT 7537 St 29/03 Sun 30/03 ijffftj gsi Sjn irn wsd 02/04 BUNOA SEROJA TOM
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      Page 40 Advertisements Column 2
      173 40 PUL NTEFNATtONAL i j^J BlftfrSMllU (g IM/mTiMmI M/MIMM I >77>4 I ■JBaalM—■ I I T ITT ¥Tl|T T t BHH I fts M 07/N MOM It/04 1 INi 1 14/04 1 fcOBBBIWi I I ■M.TT gp;!'l I* 1 I I I I."i!I B I >1S 14/14 —>■ US HI 11/
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      Page 40 Advertisements Column 3
      466 40 1 JM CCORD A SHIPPING PTE LTD TKL: *****56 (40 U»M) MX > *****46 KMTUAMG (0313*7195! J MtfCT ACCtSS TfL *****57 (EXPORT ftOOKING) MMGUMN6 (07) 3SI 1317 225M07 (iXPOftT DOC), *****64 (IMPOtT) nuHG (04)*****40 O«trfmp!//WWW.ACCO«O.COM.SO wuutu (11)*****70 POW raW HHtT in SIM HUT ITA $IM POUT IttsfiT (FAR EAST) (INDIA)
      466 words
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      Page 40 Advertisements Column 4
      238 40 BINTANG MAS SHIPPING PTE. LTD. 38 NBL ROAD, SNQAPORE 0206 TEL: *****68 FAX: *****64 KCj TLX R*****6 SMMEP CR No: **********0W R»c«Mng Cargo *PTI I Pintottt n 1 Miw 1 vtssa ¥81 SS EM VsSfi M 8 BBA S3tt®SBWB« SESi I mm I —"■ftl vtssa m m an ffisa mas
      238 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      448 41 SINO EXPRESS SHIPPING r 11 COLLYER QUAY *06-01 THE ARCADE iSINOTRANSI yy# J S (*****7 J.TEL: *****00 FAX: *****08 \VcH-JLS^ V—W TLX: R*****1 BINOEX SINOTKANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG ETASHA G. WELL 9708 28/03 02/04 06/04 G. LUCK 9708 04/04 09/04 13/04 Q. GLORY 9710 11/04
      448 words
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      Page 41 Advertisements Column 2
      168 41 ZXXXSS 5!052:(W2)aM«67 291M0 R KBJtNG: (09) 3M8V77 JKTi (21) M ***** HON: (fl) M 4123 SYDNEY/MELBOURNE MV "KOIA HADIAH" V. HIAOO3 ETA SIN 29/03 MV "NYK PROVIDENCE" V. 03S ETA SIN 05/04 FREMANTII 1 MV "LIBRA AUSTRALIA" V. 111 ETA SIN 31/03 CALL BOOKING: 220-2022 MARILYN/YONG/HAMIDAH/MAS/LOOi CALL* mnWßlil»iM2 1 CONSOLIDATION,
      168 words
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      Page 41 Advertisements Column 3
      145 41 < "*i Kp9Bk^BlV^VV^^MT|T^fnf9» [Spora P.Katong Loadfrig For J iRENE 26/03 30*03 RArVAtWBmnWK fl DELTA STAR 12AM KW—(>lMtm a ■cANALP 13*04 RdrrvArw/UtCNar J B'Loads E7WMda»ea.lnJonMfci M <« J ■STARSIN JeddatVAqaba/Egypt/Aigena *4 1 ■PAN CRYSTAL Dubai/BahrairVDarTrnanfeuwait ■a VERMEZ HodaidahMadctah/Egypt M ■GLOBAL JANE Dubai/A. Ohatoi/BahrairVDanvTian/KuMttl toadaStngapora, E7W. Mdaya. Indonaaia 'J 1 Loading tor
      145 words
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      Page 42 Advertisements Column 1
      759 42 Shipping Times "*BusinessCentre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps 8 UFO I Turnkey Foctary Automation System >*■ afl| Automated Storage and Retrieval
      759 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      144 43 I 100E 110E 120gVr LEGEND: P Tk A~ Temperature Op Ihunderstorm Weather V W,nd direction w.th speed knots v Shower M Rain Wove height r Cloudy Sky Surface winds ore indicated by arrows which fly with the wind One tud circle represents calm or light and vorioble winds I One
      144 words
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