The Business Times, 11 March 1998

Total Pages: 40
1 40 The Business Times
  • 14 1 THE BUSINESS TIMES MIT A (P) 110/12/97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, MARCH 11,1998
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  • 60 1 Bv5M6 7.39) BT-aw MLB (+9.48) Mi STOMP UI3G6JS (+21.56) Q 8w5?t+6.26) QVAUETHOOD: STOCK MAHET INDICES Tuesday Change KLSE CMP ***** NIKKEI M>KB« *1U9 HANG SENG 1«£9&S7 -KJ3 SET mora HUM -MS JAKARTA COMP _4».4S -US MANILA COUP —J.IJ4J1 -4tM TAIPEI WPI MV717 +UI SEOUL OOMP K6J«__>17» CUACaiHW|_JJI»7» *48
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  • 72 1 EXCHAM6B lATEB U8$ St USt 1.842 S 1JH 1888 DM U47 MM YKNltt 1.784 1188 MS t»7 8.422 HKS 0.12* 8112 BAHT 8.823 8.887 AffUIUIt tilt Itlt Inttriank rata FIDOS BATES SINGAPORE* 7.86 KUALA LUMPUR 11.45 JAKARTA AW BANGKOK 1U& MANILA .MM HONGKONG It* TAIPEI 8.80 SYDNEY 149 TOKYO
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  • 908 1  -  Move may be bid to mend fences with IMF but markets are still nervons From I S N Vasuki in Jakarta INDONESIA yesterday appeared to back away from its earlier threat to sever ties with the International Monetary Fund (IMF), soon after Suharto
    REUTERS  -  908 words
  • 353 1  -  Bnt Sept date for new road taxes, other measures unchanged By Christopher Tan [SINGAPORE] The Land Transport Authority has brought forward to April 1 the effective date of the new registration fee and ARF (additional registration fee) for
    353 words
  • 435 1  -  From. Eddie Toh in Kuala Lumpur TYCOON Rashid Hussain has clinched the deal to buy Sime Bank for 852.24 million Malaysian ringgit (*****.8 million), after which he will merge it with RHB Bank to form the second-largest bank in Malaysia. Rashid Hussain Bhd,
    435 words
  • 770 1  -  Lineup dominated by nominees of Suharto's daughter Tntnt From Yang Razali Kassim in Jakarta 808 Hasan, a tycoon and close associate of President Suharto, is likely to be Indonesia's new Trade and Industry Minister, while Fuad Bawazier, the top-ranking finance bureaucrat, will be the new
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  • Page 1 Advertisements
    • 130 1 UtHlbE The sale is «i Far East Org is selling units in its freehold landed project, The Greenwood, following enquiries from home-seekers and investors, P|3 Hard times for hard dak drives Growth in hard disk drive shipments is likely to slow to 10 per cent, their weakest performance in years,
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    • 23 1 No drama, no surprises as Suharto's re-elected, Pg 6 Unfinished business/or Suharto, Pg 6 Suharto needs the IMF, The Bottom Line, Pg 10
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  • SINGAPORE AT HOME & ABROAD
    • 796 2  - SilkAir crash team exploring all causes pilot suicide too Investigators also puzzled by the manner in which the flight recorders stopped working Bg\ Felix Chan [SINGAPORE] Three months after the Silk Air crash in Indonesia, investigators have yet to nail down the likely cause and are still exploring all possibilities
      796 words
    • 339 2  -  Withdrawals due partly to high FD rates at other banks By < Clarissa Tan FACED with a net outflow of funds, national savings bank POSBank is raising its savings rates again the third time this year this time by 0.625 point for sums above
      339 words
    • 366 2  -  BYE ON THE ECONOMY Construction By- Diana Oon CONSTRUCTION continued at a steady pace over the final quarter of last year, with a total of $4.8 billion paid out to contractors for work in progress from October to December. This was a shade below the
      Source: CIDB  -  366 words
    • 933 2  -  Developers argue for share of interest on property payments Reports by Diana Oon WHEN times are hard, every penny counts. Property developers, squeezed by stagnating sales and holding land bought when prices were higher, are looking for relief too. One grumble by developers is
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    • 476 2 THE High Court has awarded the lawyers acting as stakeholders in a property transac tion the $274,000 interest on the sum they were safekeeping. because there was no contract between the parties involved that addressed the matter of interest earned. The decision by
      476 words
    • 773 3  -  YESTERDAY IMPARUAMEMT But govt is prepared to cot taxes, rentals, or ran a budget deficit if times are bad By. Audrey Tan FINANCE Minister Richard Hu gave nothing away in his response to MPs' debate on the budget yesterday, saying the
      FILE PHOTO  -  773 words
    • 584 3 'For if the scholar decides not to keep his promise now, how can we depend on him when he promises to do more later? He may be smart and well-qualified (but) integrity once broken up is like Humpty Dumpty, hard to put together again. 'Anyone who says
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    • 528 3  -  By David Boey THE debate on bond-breaking continued in parliament yesterday with several MPs voicing support for Economic Development Board chairman Philip Yeo's strong views against scholars who fail to carry out their obligations. And after two days of lively exchanges between MPs
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    • IN Brief
      • 68 3 FINANCE Minister Richard Hu yesterday rejected for the government to relax the 20 per cent cash downpayment rule for property purchases, saying this will reduce the buffer which banks have in the event of default Central Provident Fund savings should also not be used for
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      • 90 3 YU-FOO Yee Shoon, MP for Bukit Timah GRC, yesterday suggested that workers be allowed to use part of their CPF savings for an unemployment benefit scheme. But Dr Hu said the government has no such plans for now, adding that the proposal has
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      • 116 3 ALTHOUGH white-collar workers face the same uncertainty and problems of retrenchment as older, less skilled workers, less has been said about the former's retraining and upgrading needs, said Ong Kian Min, MP for Pasir Ris GRC. Mr Ongfeh this was important as he believed many
        116 words
      • 94 3 LIM Hwee Hua of Marine Parade GRC suggested that local banks capitalise on their strong market presence in Singapore to "extend more. If not new, products and services". The government should also ensure a sufficient supply of manpower to support the financial sector's envisaged larger
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    • 414 3  -  Project earlier said to be for lease only; terrace houses going for about $2m By\ Diana Oon FAR East Organization has started selling at prices from about $2 million for a terrace house and $6.7 million for a bungalow a
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  • Page 3 Advertisements
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  • MARKETS IN TURMOIL
    • 573 4  -  Figure revised down to 4-5% less than 2 months ago from an original 7% target Reports froth Eddie Toh m Kuala L umpur MALAYSIA may further lower its revised economic growth forecast of 4-5 per cent for 1998, Finance Minister Anwar Ibrah i
      573 words
    • 468 4 [KUALA LUMPUR] Malaysia will allow ailing and unwanted banks to close down, Finance Minister Anwar Ibrahim warned yesterday. "Yes, for example Sime Bank. If there are no other private parties willing to take up (Sime Bank) in a merger exercise, we
      468 words
    • 311 4 [SINGAPORE] For Asia's sake, China should keep its no-devaluation pledge for a year or two for currencies in the region to stabilise, Senior Minister Lee Kuan Yew has suggested in an interview with Time magazine. "I think Asia will
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    • 359 4 Measures to repay bank debt totalling USs2ob announced AFP [JAKARTA] Indonesia's central bank has announced tough measures for local banks to repay debt totalling US$2O billion (5532.8 billion) to foreign creditors to restore sagging investor confidence, officials said yesterday. Among the measures is a requirement
      AFP  -  359 words
    • 468 4  -  Aussie leaders trying to help find best way forward for Indonesia From. Margaret Thomas in Canberra AUSTRALIA is keen to see Indonesia implement the reforms called for by the International Monetary Fund, but recognises that President Suharto needs some leeway in
      468 words
    • 240 4  -  By Vikram Khanna [SINGAPORE] If Indonesia implements the right set of macroeconomic policies, its economy can bounce back faster than either Thailand or Malaysia, said John Calverley, chief economist at American Express Bank. In an interview with BT yesterday, Mr Calverley pointed
      240 words
    • 173 4 AFP [JAKARTA] Indonesia's National Logistics Agency (Bulog) yesterday said it had dropped all its import monopolies except on rice, in line with reforms demanded under a US$4O bUlion (5565.6 bUlion) International Monetary Fund bail-out deal. Bulog said that as of Feb 1,
      AFP  -  173 words
  • Page 4 Advertisements
    • 108 4 Mgam Look what Asia is spending on water and wastewater technology: Malaysia (US$2.4 billion in next 28 years) Indonesia (US$4BO million in 1996) Singapore (Ssi.4 billion Thailand (US$lB billion) South Korea (US$3 billion) Taiwan (NTsi3 billion) China (US$7.2 billion) Hong Kong (US$2 billion) Japan (18 billion yen to year 2000).
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  • FOCUS: MONEY MATTERS
    • 1121 5  -  Greenback's good week no help to sagging fortunes of most Asian currencies By Larry Wee [SINGAPORE] THE contrast could not be more stark. On the other side of the Pacific, the Dow Jones Industrial Average posted another record high last week, the
      Compiled by BT  -  1,121 words
    • 459 5  -  Amount only enough to last till end of month: banker By\ Sander Thoenes FT [JAKARTA] Indonesia's usable hard currency reserves have dipped below US$lO billion (5516.5 billion), compared with official reserves of U5516.33 billion, bankers said late last week. Massive food imports and bail-outs of
      FT  -  459 words
    • 412 5 By ANZ Investment Bank INDONESIA PRESIDENT Suharto's dilemma between IMF support and hyper-inflation suggests that the probability of a currency board in Indonesia between March and April will arise (though we still think there's less than a 50 per cent chance). We continue to recommend staying out of
      By ANZ Investment Bank  -  412 words
    • 369 5  -  Compiled by Larry Wee Sources: Independent Economic Analysis Holdings (IDEA), JP Morgan (JPM) MMS International (MMS) UNITED STATES TOMORROW: After January's 0.1 per cent growth, most expect a better February retail sales number (month-on-month) anything from 0.4 per cent (IDEA) to 0.5 per cent (JPM) and 0.6
      Sources: Independent Economic Analysis Holdings (IDEA),; JP Morgan (JPM); MMS International (MMS)  -  369 words
  • Page 5 Advertisements
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  • INDONESIA'S PRESIDENTIAL ELECTION
    • 1033 6  -  Tackling the economic crisis and putting in place a succession plan remain priorities By' Yang Razali Kassim [JAKARTA] HOURS after President Suharto was re-elect-ed for a seventh straight term yesterday, the new Mulia Hotel partly owned by his son Bambang Trihatmodjo was the scene of a
      REUTERS  -  1,033 words
    • 717 6  -  From S N Vasuki in Jakarta WHILE representatives took their job seriously, the atmosphere was strikingly without drama when Mohammad Haji Suharto was re-elected to serve a record seventh term as Indonesia's President yesterday. The 76-year-old leader will take the
      REUTERS  -  717 words
  • Page 6 Advertisements
    • 188 6 H MANAGING CURRENCY RISKS STRATEGIES FOR SMEs Saturday 28 March 1998 (8.45 am to 12 pm) Vanda Room Singapore Polytechnic DHHD 500 Dover Jt6ad Mr V. Maheantharan Head, Department of Business Administration OPENING Mr Derek Goh-*Prt»ident ASME, CEO Serial System Ltd HMXMMM FOREIGN EXCHANGE MARKET OUTLOOK TREASURY PRODUCTS Overview of
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  • REGION
    • 456 7 BEIJING At this rate, country won't meet 8% GDP target, says state economist Reuters CHINA'S industrial output growth dropped sharply to 8 per cent in the first two months of 1998 from a year earlier, in a new sign that sluggish domestic demand
      Reuters  -  456 words
    • 228 7 BEIJING AFP CHINA'S parliament, the National People's Congress (NPC), yesterday formally adopted a plan to streamline the bloated bureaucracy by a 97.8 per cent majority. The plan which will cut the number of ministries and ministerial-level commissions in Beijing from 40 to 29
      AFP  -  228 words
    • 472 7  -  NATIONAL PEOPLE'S CONGRESS Chen to be prosecuted for corruption and neglect of duty in USs2.2b scandal From Lu Ning in Beijing THE powerful former mayor and party secretary of Beijing, Chen Xitong, will face charges of corruption and neglect of duty for his
      472 words
    • 199 7 ■YANGON Reuters MALAYSIAN Prime Minister Mahathir Mohamad said yesterday his country will have to cut back on its investment in Myanmar, but praised Myanmar's efforts to open up its economy. "Because of the currency crisis, the cost of investment in our own country
      Reuters  -  199 words
    • 268 7 HONGKONG AFP AS March 31 nears, many me-dium-sized companies in Hongkong are facing financial difficulties as Japanese banks withdraw credit lines to improve their standing at the end of their financial year, European banks say. This tendency, in evidence since the start of
      AFP  -  268 words
    • 287 7  -  VELIZY, France Scheduled launches of two satellites by Lao-Thai joint venture put on hold By' Teh Hooi Ling EUROPE'S leading commercial satellite launcher Arianespace expects orders from Asian countries, with the exception of Japan and Singapore. to dry up in the next two years
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    • 227 7 MANILA AFP TWO industry associations yesterday urged the Philippines' monetary board to abort any move to impose ceilings on bank lending rates, warning that this would jeopardise the entire financial system. "Putting a cap on lending rates will put in jeopardy the
      AFP  -  227 words
    • 494 8  -  Financial system deregulation bills to be sent to parliament for approval for them to take effect Dec 1 Prom, Anthony Rowley in Tokyo JAPANESE Prime Minister Ryutaro Hashimoto's cabinet yesterday approved a series of bills designed to get the planned
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    • 258 8 TOKYO Bloomberg THE Japanese government's move to inject trillions of yen into the nation's banks to help replenish their capital has stabilised the financial system, Satoru Kishi, president of Bank of Tokyo-Mitsubishi Ltd, said yesterday. "This plan has already been extremely
      Bloomberg  -  258 words
    • 328 8 TOKYO Reuters PRIME MINISTER Ryutaro Hashimoto vowed yesterday to get to the bottom of scandals now engulfing the Bank of Japan (BOJ) and the Ministry of Finance (MOD. But in remarks to the Lower House of parliament, Mr Hashimoto and Finance
      Reuters  -  328 words
    • 55 8 [TOKYO] A jubilant Yuka Kojima was practically on cloud nine yesterday, when she was tossed in the air to celebrate her gaining a place at the prestigious Tokyo University. The elite varsity released its entrance examination results yesterday, posting the announcements on the campus as Tokyo University
      REUTERS  -  55 words
    • 247 8 SEOUL AFP POLITICAL tension rose in South Korea yesterday as the opposition took legal action against the acting prime minister despite an appeal by President Kim Dae Jung for help to overcome the economic crisis. The opposition Grand National Party (GNP) filed two
      AFP  -  247 words
    • 268 8  -  NEWDELHI By] Rajendra Bajpai VETERAN Indian politician Atal Bihari Vajpayee of the Hindu nationalist Bharatiya Janata Party (BJP) will be sworn in as the country's new premier by the weekend. President K R Narayanan sent a message to Mr Vajpayee last
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    • 164 7 AFTER A HARD DAY'S WORK, jflK THERE'S SIMPLY NOTHING LIKE I YOUR OWN CASTLE BY THE SEA ■MM mW r w A iw m M r i afcvf vv •w V 7£Lz. Imagine being able to, quite literally, stroll down to the beach at the end of your working day.
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  • Page 8 Advertisements
    • 822 8 GOLDEN HOPE PLANTATIONS BERHAD (Incorporated in Malaysia) I (Company No. *****-U) Golden Hope Directors: Registered Office: Tun Ismail bin Mohamed Ali (Chairman) 13th Floor, Abdul Rahman bin Ramli Menara PNB, Zain Azahari bin Zainal Abidin 201-A, Jaian Tun Razak, Mohammad bin Abdullah ***** Kuala Lumpur Howe Yoon Chong Malaysia Dr.
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  • THE WORLD
    • 424 9 WASHINGTON Figure suggests efficiency gains may be harder to achieve if economy slows Bloomberg AMERICAN worker productivity rose less than previously estimated in the final three months of last year, the Labour Department said, suggesting gains in efficiency may be harder
      Bloomberg  -  424 words
    • 388 9  -  SINGAPORE US research firm ad vises drive makers to cut build plans drastically by 15-20% By Jennifer Lien GROWTH in hard disk drive shipments is likely to slow to 10 per cent this year easily the industry's weakest performance in years, an
      388 words
    • 233 9 LONDON AFP THE British parliament passed legislation on a minimum wage yesterday despite strong protests from the Conservative opposition. After passing its third reading in the lower house, the legislation, which paves the way for a national minimum wage, will go to
      AFP  -  233 words
    • 159 9 TOURS, France Bloomberg GERMAN Finance Minister Theo Waigel yesterday said the government will forecast 1998 growth of 2.5 to 3 per cent in its annual report on the economy to be published today. The forecast, a reiteration of earlier government estimates, compares
      Bloomberg  -  159 words
    • 317 9 BRUSSELS Reuters GREECE is threatening to block the process of European Union enlargement if the EU puts its membership offer to Cyprus on ice as France has proposed, diplomatic sources in Brussels said yesterday. As feared, the Turkish Cypriot community on
      Reuters  -  317 words
  • Page 9 Advertisements
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  • EDITORIAL & OPINION
    • 768 10  -  THE BOTTOM LIME OPINION By Vikram Khanna The writer is BT's regional economics editor WHETHER if s brinkmanship or atmospherics or genuine policy differences, Indonesia's well-publicised confrontation with the IMF could have serious consequences. It could even make the adoption of a
      768 words
    • 118 10 'In Asia, you have the idea that the pilot is king and therefore the co-pilot can't tell the pilot something even if he sees an obvious mistake.' JimEckoi of Indoswiss Aviation, speculating on why so many planes crashed in Asia last year. 'We're not saying it's not
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    • 599 10 EDITORIAL THERE was a time when the world used to look forward to news coming out of Washington, regarding the capital of the United States as the key political arena, where fascinating debates over civil rights or the Cold War would take place and whose
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    • 984 10  -  It's poshing hard for wage rise as way to restore consumer confidence and economic recovery By t Anthony Rowley The writer is BT's Tokyo correspondent JAPAN'S annual spring wage offensive or shunto is getting into full swing and it has taken on an unusually militant
      PILE PHOTO  -  984 words
    • 950 10 Plenty on Suharto's plate AT 76, President Suharto is wrestling problems that would present a formidable challenge to someone half his age... the Indonesian economy is on the verge of collapse, the value of the rupiah is down 75 per cent, the International Monetary Fund is
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  • Page 10 Miscellaneous
    • 52 10 POOMESBURY By Garry Trudeau MI KB, nokjp- W /5 TP Pi T !I[ S Z M S CHAaL m 6? SUMMER... ILH MANAGEMENT AT A PLAN -/cC FIRE 1 JORDAN'S GON6 U/HEN? fi_ I CERTAIN PLANT OU7SIPE I EVERYONE ANP W 1 \ONATDUROF j MJS SAIGON MUCH VME TO 5
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  • Page 11 Miscellaneous
    • 717 11 TV&RAPIO mmmmmam. 2 Dry Run. 730 Tamil SeithitfVeu;sjm 1230 AM NYPD Blue Lost Is- 8.00 Berita 12. T n, l r no o^° n t rael < Pt *>' (See ur a-" Tinjauan rr.f' Festival Choice). 9.00 Keluarga Harmuni. family Classics L4O The Late Night Movie Cinemathique Sarah. Leagues Under
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    • 248 11 CRYPTIC CROSSWORD ACROSS i I i 5 Act One must be revised with--9 Music tolerated when flying ■——LJ—-.L_L_L_J__l_ j j j j j 10 Walk some way with unsteady 12 Area capable of yielding (9) I I s 13 Possibly royal characters 16 A yarn may well be spun about
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  • EXECUTIVE LIFESTYLE
    • 1174 12  -  Both houses succeeded in turning out beautiful clothes but failed to reinvigorate themselves, says robot givham ROBIN GIVHAN LAT-WP THE fall '98 womenswear shows in Paris began on Monday with the unveiling of two long-awaited collections: the first ready-to-wear line from the venerable leather goods house
      LAT-WP; AFP  -  1,174 words
    • 443 12 ENTERTAINMENT Some insiders see icebergs ahead for Titanic on March 23 Reuters [BEVERLY HILLS, California] The nominees for the Oscars posed for a group photograph on Monday and then did something people are supposed to do a lot of in Hollywood enjoy a long, leisurely
      Reuters  -  443 words
  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 439 13  -  Fm of the stores will be in S'pore, the sixth will be in Kuala Lumpur By. Jenny Lam [SINGAPORE] Robinson Company, the star among Singapore's troubled retailers, is embarking on a substantial expansion this year in Singapore and Malaysia. The company
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    • 431 13  -  By Jenny Lam [SINGAPORE] Keppel Land will be developing a second condominium in the Newton Road area on a Lincoln Road site which it acquired late last year for $41.8 million. The project, which has obtained outline planning permission, will be an 18-storey
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    • 147 13 Reuters [SINGAPORE] Merrill Lynch has upgraded its call on Keppel Land to "buy" from "accumulate" in its latest research note on the property group dated March 4. Merrill said it had earlier downgraded Keppel Land on concerns about its exposure in Indonesia. "We last
      Reuters  -  147 words
    • 699 13  -  HOCK LOCK SIEW Russel Baker THE stock market euphoria sparked by the resignation of BHP's managing director John Prescott seems a little premature, with many investors ignoring the fact that the resources group still faces an uncertain future. Since Mr Prescott announced
      699 words
    • 412 13  -  UPCOMING IPOS Annette Pau [SINGAPORE] LOCAL diskdrive component maker Brilliant Manufacturing is biting the bullet and going ahead with its mainboard initial public offer despite the thickening haze clouding the global disk drive industry. Early next week, market watchers said, it will
      412 words
    • 306 13  -  By\ Soh Tiang Keng (SINGAPORE] Locally-incor-porated India International Insurance (Triple I) is making early preparation for a possible listing of its shares on the Stock Exchange of Singapore. Financial sources told BT yesterday that the date of its listing has not been finalised.
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    • REGIONAL COMPANIES
      • 536 14  -  MEW KIDS ON THE BLOCS Offer of 74m new shares expected to be priced between 28 and 33 cents By. Annette Pau [SINGAPORE] Mainboard aspirant Li Xin Industries is all set to raise between $20 million and $25 million from its
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      • 262 14 Bloomberg [SINGAPORE] Hersing Realty Ltd may move to widen its business after its initial public offering by buying the Asian rights to two home ftirnishing franchises from a company owned by its chairman. Hersing Realty, which owns one of Singapore's largest real estate agencies, is
        Bloomberg  -  262 words
      • 114 14 Reuters [LONDON] Jardine International Motor Holdings said yesterday that the economic downturn in Asia would inevitably have an effect on its results in 1998. "The downturn in Asia's economy will inevitably have an effect upon Jardine International Motors' results in 1998,
        Reuters  -  114 words
      • 142 14  -  LETTER TO THE EDITOR Wee Siew Kim President Singapore Technologies Aerospace I REFER to the article titled "Unmanned planes being developed" in The Business Times on Monday. We wish to clarify that ST Aerospace (ST Aero) is presently only involved in the maintenance of
        142 words
      • 68 14 jCHEBU ISLAND, South Korea] Employees ofDaewoo Motors—a total of 42 men split into two teams —scrambling for control ofa flag during a "salesman training" yesterday on cooperation and teamwork. Many Daewoo employees, once holding prestigious white-collar jobs in the company, were offered the choice
        REUTERS  -  68 words
      • 408 14  -  Kingfisher sets ap base in HE for group's expansion From Quak Hiang Whai m Hongkong UK-BASED retail giant Kingfisher pic is scouting for investment opportunities in Asia, chief executive Geoffrey Mulcahy said yesterday. Mr Mulcahy, who oversees a non-food retail group with 82,000 employees,
        408 words
      • 202 14 Bloomberg [NEW YORK] Planet Hollywood International Inc said on Monday that it and two partners plan to build a hotel and restaurant complex on property they bought in Times Square. Planet Hollywood, the chain of film-theme restaurants, will move its flagship eatery in
        Bloomberg  -  202 words
      • 205 14 [SINGAPORE] Nat Steel Ltd said yesterday it would make a $1.2 million loss on its sale of an 18.8 per cent stake in Hong-kong-listed steelmaker Burwill Holdings, following the lapse of a conditional sales and purchase agreement. The main board-listed steelmaker said it
        205 words
      • 352 14 But company is poised for long-term growth: chairman AFP [HONGKONG] Asia Satellite Telecommunications Holdings Ltd said yesterday economic uncertainty in Asia had hit transponder capacity demand, but the company, which lost its latest satellite in December, was well-posi-tioned for growth. Asia Sat posted a
        AFP  -  352 words
      • 194 14 Bloomberg [HONGKONG] Cheung Kong has won a government tender for a hotel development site in a suburb of Hongkong for about HK11.2 billion (***** million), Lands Department official Allan Hay said. The site, in the new suburb of Ma On Shan in
        Bloomberg  -  194 words
      • 505 14 Bloomberg [HONGKONG] Hongkong Aircraft Engineering Co (Haeco) said 1997 net profit fell 35.3 per cent to HK5320.1 million (5167.8 million), or HK11.73 per share. Analysts had expected a drop of 29 per cent to HK$352 million (U5545.54 million), or about HK$l.9O per share, according
        Bloomberg  -  505 words
    • INTERNATIONAL COMPANIES
      • 595 15 Stocks of Net service providers surge as investors move funds into sector Reuters, Bloomberg [LOS ANGELES] The troubles of computer makers proved a boon to Internet-based businesses on Monday as investors poured money into the likes of Yahoo Inc, Amazon.com and almost
        Reuters,; Bloomberg; Source: Bloomberg  -  595 words
      • 448 15 Ova-weight Latin America, Mid-east, Africa markets, orgies DM6 strategist Reuters [NEW YORK] Asia should be underweight in a portfolio of global emerging market stocks, a Deutsche Morgan Grenfell strategist recommended on Monday. In his report, Geoffrey Dennis also urged overweight positions in Latin
        Reuters  -  448 words
      • 333 15 Mm comes amid management crisis at Philadelphia bourse Bloomberg [NEW YORK] The American Stock Exchange has approached the Philadelphia Stock Exchange about an "affiliation" that could include a merger. The Philadelphia exchange also received a letter from the Chicago Board Options Exchange
        Bloomberg  -  333 words
      • 325 15 Reuters [PARIS] Two of France's most venerable companies, Generate des Eaux and Havas, on Monday announced plans to merge into a 210 billion French franc (5556.1 billion) group ready to do battle with the world's media giants. The deal, which values Havas at 40
        Reuters; AFP  -  325 words
      • 244 15 Bloomberg [PALO ALTO. California] Hewlett-Packard Co sold the most Windows NT-based computer workstations worldwide in the fourth quarter and full year of 1997, according to a report by market researcher Dataquest. For the fourth quarter, Hewlett-Packard led the industry in units
        Bloomberg  -  244 words
      • 125 15 Reuters [NEW YORK] The Justice Department has widened its investigation of World Com Inc's proposed acquisition of MCI Communications Corp, the Wall Street Journal said yesterday in its electronic edition. The move signals that the US$37 billion (5560.7 billion) transaction could face antitrust problems, the Journal
        Reuters  -  125 words
      • 433 15 Bloomberg [NEW YORK] A seat on the New York Stock Exchange, the entry ticket for trading on the world's biggest stock market, sold for a record US$2 million (553.3 million), more than triple its price a decade ago. Owning one of
        Bloomberg  -  433 words
      • 288 15 NYT [NEW YORK] Making a major leap into the consumer long-distance telephone business, Qwest Communications International Inc said on Monday that it had agreed to acquire LCI International Inc for US$4.4 billion (557.2 billion) in stock. The deal, assuming Worldcorn Inc's
        NYT  -  288 words
    • FINANCE & COMMODITIES
      • 509 16  -  Higher shareholdings by SocGen, Bangkok Bank boost capital of Asia Credit to 7b baht From Harish Mehta in Bangkok IN the first takeover of an operating Thai finance company since the outbreak of the financial crisis last year, international commercial and
        FILE PHOTO  -  509 words
      • 410 16 Krnngthai AXA won one of 12 new life insurance operating licences last year AFP [BANGKOK] France's giant AXA Insurance Group and Thailand's state-owned Krung Thai Bank on Monday launched a joint venture life insurance firm here, the companies said. The new firm,
        AFP  -  410 words
      • 372 16 Reuters [TORONTO] Royal Bank of Canada on Monday said it will buy an Atlanta, Georgia-based Internet bank in a US$2O million (5533.1 million) deal that marks the first entry by Canada's biggest bank into the US retail market. Toronto-based Royal said it will
        Reuters  -  372 words
      • 291 16 FT [CHICAGO] Alcoa, the biggest worldwide aluminium producer on Monday announced it was taking over Alumax, the third largest US producer, for US$3.B bilUon (556.3 billion). The price of the agreed takeover includes Alcoa taking on about US$l biUion of Alumax's debt. The
        FT  -  291 words
      • 257 16 Move sign of pressure to consolidate in N America's pulp and paper industry FT [TORONTO] Bowater, the US newsprint and pulp producer, on Monday agreed to buy Canadian forest products group Avenor for C 53.5 billion (Ss4.l billion), topping last month's Cs3 billion
        FT  -  257 words
      • 211 16 SOKESLReport Reuters [SINGAPORE] Simex Euroyen futures edged higher yesterday on the back of gains in Japanese government bond (JGB) futures and easier cash rates. Dealers said bond futures rose as yields fell to record lows amid lingering pessimism about the Japanese economy despite reports of
        Reuters  -  211 words
      • 164 16  -  MSCI TAIWAN FUTURES Cecilia Loh, Cecilia Loh, service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index fixtures contract closed marginally higher, up 2 points with the electronics industry index accountable for the gains in the cash index. The March '98 futures was
        164 words
      • 235 16 EKERGY REPORT Reuters [LONDON] Weak global oil prices regained some ground yesterday but brimming storage tanks and a battle for market share between two of the world's largest producers will make the respite brief, traders said. April futures for Brent blend, the international
        Reuters  -  235 words
      • 263 16 Bloomberg, AFP London THE dollar rose against the mark on expectations the German economy isn't growing fast enough to prompt higher official German interest rates in coming months. The US currency fell to 127.62 yen, from 128.0 on Monday amid signs Japanese companies are converting overseas profits into
        Bloomberg,; AFP  -  263 words
      • Article, Illustration
        1164 16 DITHEBAMK CEOW EATM Mario as c$ §■> tcu rn 9m m y- ww m ig$Nih n» ss hx m m Hmt w> AastraBa -1944 1178 020 4.102 L223 5.180 ***** 49.9* 0JS3 ***** 2203 IWfc ***** 2170 1090 3231 1998 *****29.408 1409 028*' Canada 1059 5200 0.455 4.343 1295 5.4*5
        1,164 words
    • 1518 17 SXCOM FUTURES MarW MWKt (Mm ctoswq m at SJQym) BSicoimucr<s«irtjA«> Om* mm opM—Ml W# Law Satt (t—WW) Marast Apr 98 moo moo 119.00 zoo ks May 9i Q2.00 120.50 12L50 500 2900 J—98 ***** 3125 MlSas98 ***** 4095 Oct/Dac 96 137.00 136.00 136.75 1350 5625 JanftM99 W0.25 150
      1,518 words
    • 2122 17 lonmn mmmmwm MvN htetltah fma 31 Group 585 3 AB Ports 351.400 .200 Abtay National *****/4 11/4 AINod Domecq 578 9 Amoc 155 unch Asda Group 19*600 -JOO BAT md 650 *5 BG P(C 296 -1200 BICC 151 -4 BOC Group 951 -2* BO Potrotoum 836.400 *196
      2,122 words
    • 1600 17 Bloomberg HMM» *IM> STOCKS traded mixed as gains in builders and software companies on the prospect of a new economy-boosting package were offset by declines in top carmakers and chipmakers. "Domestic institutions are selling because it's getting close to the (March 31) year-end and foreigners are selling because they
      Bloomberg  -  1,600 words
    • Article, Illustration
      1560 18 Reuters fl Hang Seng -95.52 STOCKS lurched to a lower close yesterday in slim trade as investors remained on the sidelines eyeing developments between Indonesia and the International Monetary Fund, brokers said. The Hang Seng Index lost §5.52 points, or 0.87 per cent, to close at a day-low of
      Reuters  -  1,560 words
    • Article, Illustration
      576 18 Reuters C 3 Shenzhen B Index -0.20 CHINA'S hard currency B shares closed mixed yesterday, hurt by lingering concerns over regional markets, analysts said. They said worries about Indonesia's ability to end a dispute with the International Monetary Fund over the nation's economic reform plan kept foreign and domestic
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  576 words
    • 403 18 AFXAsia QWP Index «f SHARE prices closed mixed in largely reduced trade with investors sidelined on a lack of fresh leads, dealers said. The market consolidated in range-bound trading as electronics at large staged a technical rebound against profit-taking in other sectors, they said. The Weighted Price Index closed
      AFX- Asia  -  403 words
    • Article, Illustration
      696 18 AFP E"1 Composite Index -£33 INDONESIAN shares dropped 1.1 per cent yesterday on concerns over the IMF's decision to delay a loan disbursement to the crisis-hit economy, dealers said. Credit Suisse First Boston securities trader Adnan Tan said the market was focusing on the ongoing battle between the government
      AFP  -  696 words
    • Article, Illustration
      823 18 AFP n SET Index -1-43 THAI share prices slipped 0.3 per cent yesterday as investors were sidelined amid doubts about the direction of regional currencies. Analysts said the bourse stagnated in quiet trade while market players waited to see what fallout Indonesia's standoff with the IMF would have on
      AFP  -  823 words
    • 303 18 Reuters Q Manila -4050 STOCKS closed weaker for the sixth straight session yesterday, hounded by concerns over the row between Indonesia and the IMF as well as the rise in Treasury bill rates, brokers said. The Composite Index closed 40.50 points, or 1.86 per cent lower, at 2,134.91 points.
      Reuters  -  303 words
    • 418 18 AFP n Composite Index +17.85 SHARE prices closed yesterday 3.5 per cent higher on the Korea Stock Exchange as investors intensified bargainhunting in late trade and selling pressure in the futures market eased, dealers said. They said shares were supported by positive sentiment ahead of the first economic ministerial
      AFP  -  418 words
    • 594 18 AFP Ordinaries *122 SHARES closed 0.4 per cent higher yesterday amid quiet trading attributed by brokers to a lack of leads from overseas markets. The All Ordinaries Index rose 12.2 points to 2,692.9, after having moved above 2,700 points. The All Industrials Index rose 27.3 points to 4,616.7 while
      AFP  -  594 words
    • 257 18 Bloomberg £j Wellington -1535 STOCKS fell as Fletcher Challenge Ltd's energy shares dropped to their lowest in sev-en-and-a-half weeks amid concerns about the slumping oil price. The NZSE-40 Index fell 15.25 points to 2,230.93. Trading was valued at NZ572.5 million. Fletcher fell 15 cents to NZ$6.O5. Bloomberg Mar W
      Bloomberg  -  257 words
    • KUALA LUMPUR STOCK MARKET
      • 9195 19 INDUSTRIALS Consumer products "98 Last Vol Day N«« Cap Hlqb Low Company Solo OOO Hiqh Low P/E Smll 310 180 Ajlnomoto 260 -10 11 260 260 14 4 105 4 148 73 Anqkasa HO 7 21 110 108 2.5 162 2 290 123 Apollo Food Hlq 200 9 10 200
        9,195 words
      • 555 19 AFP Composite Index +24.59 MALAYSIA'S key stock index closed 3.6 per cent higher yesterday in moderate trade due to a firmer ringgit. "The strengthening of the ringgit attracted investors to pick up index-linked stocks," an institutional dealer with a local brokerage said. The 100-share weighted
        AFP  -  555 words
    • WARRANTS & OPTIONS
      • 3639 20 BONOS, LOAMS t WARRANTS m 1997/98 Last Vol Day L«tt Quot. Avg High Lm StiM Company Sato *or- COOO> High Low Buyor Sollor Prleo 68 9 m 3000 m AM08 c5S<******6 )7 16 20 81 8 3)60 *Acor ******1 USS 12 -1 20 12 12 12.5 13 131 8.5 3164
        3,639 words
      • 197 20  -  WARRANT WATCH -By R Sivanithy WHAT was probably an erroneous trade in Noel Gifts stock yesterday has made the hamper company's warrant the best possible buy in the local stock market. The stock traded seven lots at 40-42 cents yesterday, but
        197 words
    • 2309 20 Transaction Date :Mar 10 MALAYSIAN STOCKS Or Or 1997/98 Last Vol Day Last Ouote Oto Mv VM Ns« M Cm HUh Law Stw Company Sale COOP) High Lew Buyer >«««f H C'vr P/t Sm« 478 28 mi S000 AISBSOc 98 5 *14.5 955 99 86.5 96 99 5.0
      2,309 words
    • 1575 21 TWWOVE* COOO) VALUE COOO) e»»> 7*1 Q»* Trtrt MAtctrM *2,004 121,414 1*3,416 122.231 78,712 200.944 Inane* 7,999 54,724 64,723 97,021 39,732 94,773 H«M» 1407 2,494 3.903 2.04S 1.102 3.147 10,265 43.143 53/428 28.944 ***** 46.298 PtoMatian 8,415 8,413 12.332 12.392 M** 1.446 1.646 1.243 U43 MM
      1,575 words
    • 5140 21 Transaction Date: Mar 10 Or Of M Wt 1997/90 Last V«i Day Last Ouate ON Mr VM Nat Cap Avg High Lav StMa Cam>pany Sale COOO) High Low Buyer Seller H C'vr Pit. $mH Price 157 10.5 a 1020 ACE Dynamlcs60c 35 unch II 35 34.5 33 35
      5,140 words
    • 1060 21 Or Or M Wt •M7AM LMt Vol Day Last Ouott Mv CMv YM N»t Caf A *9 t«H> Urn t*M» Ciim «H» COOOt C— Bwyr I—«r Cw It M Prtco 186 76 2000 ABU MWgs Sc 97 -0 5 2 97 97 96 >05 10 6 0 0-2 138
      1,060 words
    • STOCK EXCHANGE OF SINGAPORE
      • 217 22 Sticks VokHVtt •Renong BM 50c 31,710,000 *M Resources 27,724,000 *MBf Capital 21,013,000 •Rekapacific Bti 14,829,000 •Pub Bh Foreign 9,816,000 Easyknit HKIOc 9,552,000 •MBFLandBM 9,521,000 *MBf Hldqs 50c 7,677,000 •Renong WtOO 7,627,000 •Innovest BM 7,367,000 Stocks OCBC Foreign 31,058,740 •M Resources 25,510,505 SPH 22,302,704 *Renong BM 50c 19,655,460 SIA Foreign 19,556,943
        217 words
      • Article, Illustration
        56 22  -  by Wong Wei Kong RENONG closed 11 cents higher at $0,665 yesterday on a volume of 31.7 million shares, compared with its Io4ay traded average of 18.6 million shares. The daily and weekly RSI suggest more upside in the near term, and this is supported by the daily
        56 words
      • 680 22  -  STOCK MASKBT COMMENTARY Hard-hitting comments by Anwar on state of the economy cited as a possible reason for the stronger rally in Malaysia By R Sivanithy [SINGAPORE] The local and Malaysian markets put aside their problems for the time being yesterday
        680 words
      • ON THE GRAPEVINE
        • 114 22 THE Bank of Thailand could soon have a new governor, reported the Internet edition of the Bangkok Post. It said that currant governor Chaiyawat Wibulsawasdi was grilled for hours at a cabinet meeting last week. The attack apparently followed revelation by Finance Minister Tarrin Nimmanhaerainda that the
          114 words
        • Article, Illustration
          105 22 THE attached chart confirms what a European banker was recently heard saying. Hints of a sex scandal can have vastly different effects from country to country. In the UK, politicians involved usually get the chop. In France, nobody cares a hoot In Japan nobody knows, because scandals are
          105 words
        • 133 22 AND we are really talking big money, with the Dow hitting four new record highs in each of the last four weeks. A Bloomberg report yesterday revealed some annual pay packets for Wall Street's top players that are longer than Singapore's seven-digit telephone number*. Merrill Lynch, which
          133 words
        • 181 22 LAST WEEK, we hinted in our Money Matters page that there was some unusual buying interest detected in the Sterling pound arising from market talk of a mega bid launched by the Yanks. A recent Reuters story confirms that there are two rival (hostile) bids, valued at some
          181 words
  • Page 13 Advertisements
    • 133 13 I I IP nrliifff I I "I IL ti fe i 9 feJ f AF J < V 'V 'sir'. _x m V v Office space facilities planning Corporate interior design Imported custom-made office furniture Project management I BOSS DESIGN Office Contracts Boss Design International Pie Ltd Hood Office 134
      133 words


  • Page 15 Advertisements
    • 126 15 The best For fine Cantonese food with extraordinary value, Hua Yuen is where you should meet! Only the Hua Yuen Chinese Restaurant offers superior Cantonese cuisine in a comfortable and relaxing setting that is ideal for discussing business. Lovingly prepared by our Hong Kong Master Chef Li Chak and his
      126 words





  • Page 20 Advertisements
    • 129 20 WORLD BUSINESS CLA I'm in a liusiness when.- time is of the t—r .Jjfc BteW So the global networkaf f*irthwvst Airlines and KIAI >L is perfect far me, because wltetwr in the worfd I I war* K> (p> they're there lo lake me. In the IK. Northwest* domestic on work
      129 words

  • Page 21 Advertisements

  • Page 22 Advertisements
    • 324 22 BUSINESS Notices To advertise call toll-free 1800-*****83 NOTICE NOTICE IS HEREBY GIVEN that Mr Edward Lim Ah Beng, NRIC No. SOBIO3OIA, formerly Sales/Marketing Manager of JTA Motors Pte Ltd ("the Company"), is no longer in the employment of the Company with effect from 10th March 1998. He is therefore not
      324 words
    • 35 22 .-if..;.'... t y Visit J The Straits Times 1 Classified I I to start your 1 1 holidays on the j right foot. I j EE3 w Mir ■i HHH i Classifications 573-587: Travel Guide
      35 words
    • 14 22 Buy It. Sell It. Find it. Classified. CAT.S. 1800-737-1166 Call Today For Results Tomorrow.
      14 words

  • SHIPPING TIMES
    • 303 23 Bridge News, Reuters PANAMAX rates have slipped in the Atlantic but remain at stronger levels in the east, brokers said. But it remained uncertain how long the firmer market would continue there. The futures had a down day in very thin volume of 49 lots, Clarkson Securities Ltd
      Bridge News,; Reuters  -  303 words
    • 249 23 n w CWT Distribution-.0.69 *0.02 W Owm 0,46 *003 20 CMc*kNMtnMM.a7« -0J0I t FrpMtflMs 0J3 *001 109 M&Mngs 0.32 Hal Sun Hup O SS inch 6 HNacN Zooan 0.99 -0009 19 MCHatdings —MK5.60 »yam*an<» <X51 *007 77 JuraaaSMpyar* —7.90 *0J5 30 KlpailCarp 4.12 *0.12 TBI KappalflLS 4.60 *0.06
      249 words
    • 390 23  -  Joint venture aims to help S'pore become automotive logistics hub By Marcos Hand [SINGAPORE] PSA Corp has entered into a joint venture with a German automotive logistics specialist to develop its automotive logistics business in Singapore and Asia. PSA hopes to use
      390 words
    • 282 23 MBT [KUALA LUMPUR] Klang Port Container Terminal (KPCT), the container services division of Kelang Port Management Sdn Bbd (KPM), recorded an impressive 30.4 per cent growth in container throughput last year. KPM said that this was a commendable achievement compared
      MBT  -  282 words
    • 755 23  -  STRAIT TALK By\ Seafarer THERE is a widespread feeling in this region that the International Safety Management (ISM) Code is an unnecessary imposition on shipping. And there is a softly spoken subtext that it is a Western imposition. This view of
      755 words
    • 325 23  -  By. Felix Chan [SINGAPORE] Singapore has been voted one of the top three ports for the cruise business in a 1997 poll of the world's cruise line managers and executives. Singapore came in second after Port Everglades aft one of
      325 words
    • 837 24 ASIAN SHIPPING Profits suffer as slump in cargo leads to over-capacity and lower freight rates Bloomberg Merchant sailors once milled through the streets of Wanchai, looking to unwind in the waterfront bars and cheap hotels that were turned into the stuff of legend by the 1950s
      Bloomberg  -  837 words
    • 351 24 PAGE Evergreen 6 ANL 3 ftr M Accord 8 'oo"flSw Ahrenkiel M FroU 15 Appenstiip 5 FrtUnks 16 Asu OCt. 15 CUnk 4 Astro 3 Gemartrans 8 Austral 9 Genshpg 9 Avant 16 Glory Na» 16 B'tang Mas 8 Goodwill 16 BSA 7
      351 words
    • 17478 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Ady*rtts*r VtjjH Voyag* TH»phon* ETA ETA A<Jy*rtis*r V*ss*i SIN 0*st'n Nam* Nam* Number Num6*r SIN 0*stn Nam* Nam* Numt>*f Numo«r ;,<st •».> H/03 25/03 UASC LEERORT W 45-374*417 To BREMERHAVEN (BRV) 2057 To ABIDJAN (ABJ) 2003 Germany Ivory Coast, Cote D'lvoire n/03 02/04
      17,478 words
    • SHIPS IN PORT
      • 788 39 Voy No Bfth Arrival Departure JM| Nrt A*tttyit A9602 J05 atM«Mt W.03/M4S *f>tu 0>m *9803 jit Ooflfsri* W.0V2O3O Aurwa Act 01 J22 *o*pkM T103/2300 Mnowvj Act 4* J07 Mompxlt R03/I000 fcfc M 0298 J17 MnqMl It 03/2300 It NwdUM MAOT J01 MongsiO* 10.03/2359 IIP«mm *****6 J0I MonqwM 10.03/2300
        788 words
      • 1727 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/B«l«nce Rstli Ship Voy No Etb/Btr Period From To From ActMvtr OM 12/2000 U 10/1500 n/IM II 10/1500 10/1659 xvnoo 2A 10/1700 n/0*59 11/0*00 2« «/itoo n/otw n/om i him wn vmw 4 n/1200 ivmsi n/iToo tab* ooS aam i
        1,727 words
      • 208 39 Mar 17 United Kingdom: St Patrick's Day. Mar 20 Japan: Vernal Equinox Day. Mar 21 Mexico: Juarez Day. Mar 28 Greece: Independent Day. Apr 9 Hong Kong: Ching Ming Festival. Apr 7 Brunei: Hari Raya Haji. Malaysia: Hari Raya Haji. Apr Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr
        208 words
      • 851 39 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        851 words
      • 499 39 Carton 180 Max 992.4 1.8 15» O.M 72 0.06 Mar S Demrty Water ResMue Ask /UmMvm Sediment No abow E25 4 113 0 0 380 Aw 984.2 0J OJ O.M 25 0.02 [m 380 Mai 992.3 1.0 18.7 O.M 48 0.06 M/WI %W %m/m mt mm*
        499 words
    • AIR & LAND TRANSPORT NEWS
      • 429 40  -  Japanese car maker intends to participate this time with complete Honda machines By i Christopher Tan [SINGAPORE] Japan's Honda Motor Co is set to re-enter the high-finance world of Formula One racing after an absence of six years. According to a statement
        FILE PHOTO  -  429 words
      • 167 40 AFP [KUALA LUMPUR] The new 9 billion Malaysian ringgit (553.6 billion) Kuala Lumpur International airport will open to chartered flights in May and for commercial operations the following month, Finance Minister Anwar Ibrahim said yesterday. Mr Anwar, who is also
        AFP  -  167 words
      • 522 40 AFX-Asia [HONGKONG] Hongkong Dragon Airlines Ltd said it has so far managed to avoid much of the slump in the aviation industry caused by the regional economic crisis due to steady growth in traffic volume and earnings on its China
        AFX-Asia  -  522 words
      • 454 40 AFP [SEOUL] Korean Air posted its biggest ever loss 0f397.4 billion won (*****.5 million) in 1997, reflecting huge foreign exchange translation losses, officials said yesterday. It was Korean Air's second consecutive shortfall after a net loss of 210.5 billion won in 1996. As a
        AFP; FILE PHOTO  -  454 words
      • 208 40 Bloomberg [Taipei] Taiwan's government ordered China Airlines to fire three executives in charge of flight safety as well as nearly 70 advisers in the wake of Taiwan's worst air crash. "We're showing our firm determination to reform CAL. The Ministry of Transportation and Communications
        Bloomberg  -  208 words
      • LOG Book
        • 49 40 Reuters [PARIS] Indonesian carrier Garuda will suspend its twice-weekly passenger service between Paris and Jakarta with the introduction of summer schedules from April 1, due to plummeting passenger loads, industry sources said. Garuda currently operates Boeing 747-400 and MD-11 aircraft on the route. Reuters
          Reuters  -  49 words
        • 80 40 AFP [HANOI] Vietnam and Cambodia are negotiating weekly direct flights linking Ho Chi Minh City to Siem Reap, a Vietnam Airlines official said. The new route is expected mainly to serve tourists who fly to Siem Reap to visit the famous Angkor
          AFP  -  80 words
        • 89 40 Bloomberg [VIENNA] Lauda Air AG said fiscal 1997 net income fell 32 per cent as increased fuel costs offset a higher passenger count. The airline said net income fell to 45.2 million schillings (Sss.B million) in the fiscal year ending October 1997, from
          Bloomberg  -  89 words
      • 1775 40 CITY FUCHT CTA FLIGHT ETD MataM 0«156 1725 OUST 2025 S04W ono MaW* I 7 Fraafcfvrt S025 0*55 BAT305 2255 Aa»ttr«aai SO327 0820 S0328 2330 "1!* *15 ®™5 V)D1T ICiA tM t-i-ic BA7306 W40 S026 2355 cm uro 2» Auckland N***** 2045 ****** 2045 S02M 2045
        1,775 words
  • Page 23 Advertisements
    • 21 23 Asian shipping battered by currency storm Profits suffer as slump in cargo leads to over-capacity and lower freight rates. Pag© 2
      21 words
    • 149 23 Honda to re-join Formula One after 6-year absence Japanese car maker intends to participate with complete Honda machines. Back Page B manufacturer or iIjM, Iquipmenc and services, this is levent for you. Singaport is W*'^pTc"' lest exhibition of its kind in -^rTj M -y— nK»>llis the premier one-stop 7"l *P\i
      149 words

  • Page 24 Advertisements
    • 1103 24 I NORTH AMERICA I 1 EXPORT 1 OTHER DESTINATIONS I I sax-suwwsHinTUEEXFHlss-PWgCTTOLA pn TO COAST soi^Ai«HK*/»stAAi«gsroißsss«vicgm VOT 1,811 I"* lw> m JW,qtT wssa vot m Imamaimio I mhwwm omo jto wow ammacta wmw MaMMH win li/n ii/m 17/n m/m oi/m m/m m/m m/m a ommmmmm tan JJ/M i«5 m «/m
      1,103 words
    • 641 24 Lnes services represented -jJK Merrfcers <* the Members of the Registry c< Singapore Fretcfit Forvwders Accredited Shipping Agents Association J/ Singapore Shipping Association around Asia. Shipping Times Just talk to us... I Iris Lim 740-2044 Jarrod Leong 740-2089 EXPORT 3 Jopon 2 Hongkong 1 Monfa 1 Koo*>wung Kwlung iAc«p*ng Kl
      641 words

  • Page 25 Advertisements
    • 1000 25 TO EUROPE FROM EUROPE «ssa VOT SM ITM AM HAM MV SOU «T LbT] [vBSE VOT ITM AM HAM MV SOU FIT L£H m~ DANUtf SIM 12/03 04/04 01/04 02/04 30/0) HYUNDAI AOMKAI 6001 21/0211/02 14/02 12/03 TY* 110« 13/03 29/03 31/03 03/04 04/04 XT HKHNfSS 40U 11/02 21/02 23/02
      1,000 words
    • 2396 25 I HANJIN SHIPPING USA CANADA* Htva/wr urn sm~~ am hmi/vot 1 I» I ">» |oi tsr Ipt|mt|m« m »w tvr rut pn I h. Faasrowi omi u/m "is/to mmct m/m m/m m/m m/m m/m oa/m 07/ M m/m m/m ~m/m~ m/m m/m m/m m/m urensTowiPMi u/m u/m coona/iog m/m m/m
      2,396 words

  • Page 26 Advertisements
    • 1345 26 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MmJi imtRANEANCANAPA VESOEL WY Mr* LB< HW IW Ml «V HI VEMEL WY W BT W H» WJ_ MTN_ KJ MALTA MOll 11 n iiu MB JIB UN KM 03 M HJimUWB WW4 MM KB KB RN MM MM MM HJLONBBEACH MM MM BM
      1,345 words
    • 1236 26 MY YML Intenwt W«t> Sit* http: //www.yml.com.N» ft- v < TWKt*BKLYEVBrrmutoo*Y/suM*r VESSEL voy sin cm* rtm ham fxt leh ami MALACCA BRIDGE ABIOW 13/03 17/03 04AM 02AM 01/04 06AM MING EAST JBIOW 15A)3 01/04 03AM 04AM 06AM MING SUN ABIIW 20/03 24/03 11/04 09*04 08AM 13AM RHEIN BRIDGE JBIIW 22/03
      1,236 words
    • 482 26 1J ESSELTON LINE A TILi *****56 FAX: *****12 1 MUARA ~j .LABUAN VESSCI VOT ETC ETA VTSSfI. VOT FTC FTA SPORf MJAtA SPOM UN iptosrat vo/i/w is/03 lt/ti irtosw von/* 13/03 u/n APHI GLORY VO7E/00 17/03 10/03 MttOOM VO7I/I0 17/03 21/03 1 POOSPB VOB/00 22/ OS 25/03 L«OSPB VOK/W 22/03
      482 words

  • Page 27 Advertisements
    • 1531 27 VESSEL VOY SIN BKK POU PKO PEN BLW BUW BA BIK IRAN SHOJAAT PJL-1271 16/03 24/03 RANTEYFOURI PJL-1273 18/03 27/03 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN, TURKMENISTAN, KIRGISTAN, TADZHIKISTAN GEORGIA VIA B. ABBAS, BIK AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT
      1,531 words
    • 1895 27 EVERY MONDAY "1 DIRECT TO JAPAN I KOil .7 DAYS I NAtOYA DAYS I [SINGAPORE'S GINERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #i7-os dbs bldg saies/rkgs *****41/43 inward dept (D/O) *****85 COSTAR A6ENCIES (M) SDN BHD (R WO: **********0X1 TOWER TWO
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    • 541 27 EASTERN CAR LINER, LTD/^rLT* fJLI Ea (SINGAPORE) PTE LTD SPECIALIZE IN ROUP HEAVY LIFT UPTO 122 TONS ECL (SINGAPORE) PTE UD LOADING FOR JAKARTA YANGON/CHITTAGONG MV "SONBAI" V.48 MV "AMRTA VII" V.3 ETA SIN 16/03/98 ETA JKT 18/03/98 ETA SIN 18/03/98 ETA YGN 23/03/98 ETA CTG 28/03/98 CALCUTTA PORT KLANG/PENANG
      541 words

  • Page 28 Advertisements
    • 1462 28 EUROPEAJK/SCANDINAVIA/HNLAND/RUSSIA (IFI ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E ROYAL RWO36 14,03 03/04 M/ 04 04/04 06/04 07/04 08/04 E GLOWING RE 043 20/02 19/02 21/02 22/02 18/03 E REPUTE RW 013 21/03 1044 15,04 11/04 13/04 14/04 15,04 E GAINING RE 002
      1,462 words
    • 896 28 MAC-NELS S MhE M'SIA I Carrier: MN CONTR LINES, INC I I\"V J Ml MO. IROOC7ROOOM SIBU: (064) *****9 MANILA: (632) *****24 W PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 KUCHWG (082)*****1-3 MANILA GENOA/IE HARvi MV "MARTRAVELLER" V.99N
      896 words
    • 385 28 l|sm. NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VQT SIN PUJ PUR <TT »/MY~ NAWIAi QUEEW 024S 20/03 21/03 01/03 05/04 07/04 NAMTAI WAGON 60SS W/03 07/04 11/04 15/04 nantai hbnce 021s OS/04 ii/hm 21/04 mwmvßws B« M/M 23/04 27/04 01/05 04/05 GOLDOt WAGON 004S 21/04 30/04
      385 words

  • Page 29 Advertisements
    • 528 29 i BSA ii J Mr MYANMA WBk FIVE STAR UNE r (Myoaaiar Natioaal list) 1 Loading for Yongoa (Rangoon) Vissa VOT SM PRG PIN PGU AVA 144W $U) PAGAN 254W 11/03 MALAYSIA AGfMTV OOUSTEAD SMPPWG AGENCIES KUL m 02-09-*****00 PKL: HI 02-03- *****01 ret TO 02-04-*****02 P6O: HI 02-07-*****21/4 t«|
      528 words
    • 1380 29 A HYUNDAI MERCHANT MARINE CO. LTD. "SOUTia IWWI AW I MAW IMV m [vissa VOT|SOU|I»|nW|AIIT|HA»|OM|m|SWI DANUOf 303W 12/03 30/03 07/04 04/04 02/04 NT ANNUA 3111 14/02 21/02 10/02 11/02 12/03 mc 304W 13/03 03/04 04/04 21/03 31/03 31/03 31/03 HTWGNWSS 30K 10/03 25/02 23/02 21/02 21/02 23/02 14/13 HY RMSAL
      1,380 words
    • 908 29 norwtgpn ipsdoiztd oukxanwn Q)§)§(2J(S TO NORTH AND LATIN AMERIU |yKSII VOT RAMP HEIGHT SIN LAX CRI IMA SAV ML 00 NYC |WW MOI "OT" iw WsTls7sr 5T75T liTH™ B7sr «78T TAPKXA FM7 4001 m 6.3 M 21/03 22/04 01/ OS 04/05 M/ 05 01/0$ 01/05 10/05 15/05 14/05 |tam pa
      908 words

  • Page 30 Advertisements
    • 918 30 AHOKOK/LAIM CHAIANO J AKAHT A/PAN J AMO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN StNO MARINE MRN339 In Pt 14/03 XETHA BHUM 227S 12/03 14/03 MATHU BHUM 380N In Pt 15/03 XETHA BHUM ***** 12/03 14/03 BANI BHUM** 88N In Pt 14/03 15/03 GURU BHUM* 69S 14/03
      918 words
    • 379 30 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0208 TEL: *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu I Muara VESS|I VOT SIN jrgVISMIVOYSJNMUA BSma VWOSE lU7/03 21/03 *WS( 14-IS/03 20/03 I Serio V9OME 78 79/04 03/04 MJode V9BO4MMI/03 73/03 MfeoH V9005E 72
      379 words
    • 618 30 |j|ACCORD A SHIPPING PTE LTD TCL *****15 (40 lm««) FAX *****30 KM KUUtC (03) 367 1001 E M DIRECT ACCESS Tit: *****55 (EXPORT BOOKING) MS*MMM <07)351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) MWUtG <04)*****40 URUHTTP://WWW.ACCORD.COM.SO JULAKIA (211*40 0770 POM IU tIN row IT* SIM MOT ITA $IN POiT ITA SIM
      618 words

  • Page 31 Advertisements
    • 376 31 f ItO EUROPE "I I PYPPPm IMMCi m I VOY I S PORE A'OAM/N'DAM H IURQ BREMEN ANTWERP A VESSEL 42W1 27/3 1/4 OMIT 5/4 TO AUBTRALIA 1 RJU. CONTAINER BgflVtCE m Ivor WBT W K W a HM <ft FK MUiOEDimiA Ivani own r<n imj au am 2W» »w
      376 words
    • 964 31 aa«pil PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO **********06 PKI SIN SYP an AM «t PHI nn I KOTAPfITABA PTIIOOI 13/3 IS/3 4/3 21/3 31/3 4/4 11/4 12/4 I I teakttlUA 6AAW 1171 ift 4/4 7/4 10/4 17/4 JETI
      964 words
    • 877 31 VEBBELB VOY SN JED MLA LB4 HAM THP fTTHA ZEE vtxEDe norma mm ivm gg 27*03 oa/o4 oaw 02*04 otw ~~qm>T~ VR-LEOEGEMHA H24W 10*03 27/00 01/04 0004 06/04 10*04 IQD4 11/04 VIEP-OWON Y24W 24/00 01/04 06*04 12*04 1304 1004 16*04 1M»~ V6-LEO6TANYA T29H 01/04 10*04 ISQ4 30*04 21*04 23*04 23/04
      877 words


  • Page 33 Advertisements
    • 52 33 To retrieve more schedules, just follow these simple steps... document 740-6000^^M^^^ tep JpCwill be faxed Jt m M ep GSS r the port your Step key in the four number Co( e Key in your Example: —'—i fax number To NEW YORK (NYC) 2275 4U o United States for calls
      52 words



  • Page 36 Advertisements
    • 1185 36 shipping line ltd I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL- DIRECTJESSICA/CEUA/MEI CHAN 7 SLGS/WEEK [*****231 2 SLG/WEEK TVOY FSiN IiAK IVESSEL VOY SIN I PIB OOCL AUTHORITY "005S iNPT 14/03 (SAT) "I ,ci »n
      1,185 words
    • 605 36 |#n ENG LEE SHIPPING CO PTE LTD I I IC®A M 53)0175 (4 Umil fan 511W)I/S)1MM I CB IMmOOOtOC I VISSIL VOY SIN ETA SIN ETD DESTINATION Morco Polo 42 9706 09/03 11/03 Sudnyc Un«iSloiB 05/98 10/03 11/03 Perawona/Buoion Snor Central 04/98 10/03 11/03 Perowono/Boolon/PBoru Unon Slot 18 03/98 10/03
      605 words
    • 466 36 W FAR EAST 15/03 KEELUNG/KAOHSIUNG 15/03 BANGKOK 16/03 MANILA/CEBU 15/03 JAKARTA/BELAWAN/SURABAYA 15/03 PORT KELANG/PENANG/E MALAYSIA 17/03 BUSAN 15/03 TOKYO/YOKO/KOBE/NGO/OSA 15/03 HONG KONG SIM CHINA (■»>ia*±»*P) 15/03 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU TIANJIN/QINGDAO/HAIKOU SIN EURQPE/UK 15/03 LDN/FLX/LVP/SOU R DM/ANT/LEH/HAM/GOT /OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 17/03 LOS ANGELES/NEW YORK all
      466 words
    • 480 36 Singapore Soviet Shipping a&Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL FAIRY EAGLE 11 ON 14/03 21/03 02AM 03AM KOTA RAJA RJAOO7 21/03 27/03 06/04 09AM KOTARATU RTUOOS 27/03 03/04 15/04 17/04 FAIRY EAGLE 111N 04AM 12/04 23AM 24AM REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA
      480 words

  • Page 37 Advertisements
    • 1164 37 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL I VOY SIN CMS PIR GOA I VIC LEH I ANR I FXT MSC ALEXA 9809-3 14 MAR 18 MAR 27 MAR 2? WW OMIT j OMIT -Q4 APfi QLAEE MSC HOUSTON 9810-3 23 MAR 05 APR 07 APR 09 APR
      1,164 words
    • 1855 37 [vpse/votac! swtt 1 sou etm I ham I ta I I vkse/voyagi sou urn ham jg spqri now hagota shmhzu Iranrol mimMfiu 2"" ni'S NYKAUAM 19CA07 1442 1101 17.01 21.07 10-03 1103 17JU 1103 1943 SS2 i 74 M n M ?IM ?IM M mvK I*** 2142 2102 210? 2102
      1,855 words

  • Page 38 Advertisements
    • 455 38 I "vessel voy sin maa sin I TIGER BAY 611N 1315,03 19 2203 27 29,03 I TIGER WAVE 612N 17-18/03 23-2603 31 01/04 I TIGER ISLANO 613N 20-22,03 26-29/03 03 05,04 I TIGER BRIIDGE 614N 24 25,03 30 0204 07 0&04 I TIIGER BAY 615N 27-29/03 02-05/04 10-1204 TIGER WAVE
      455 words
    • 892 38 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg LCL FCL SERVICES FROM SINGAPORE TO SOUTH AMERICA ATTRACTIVE RATES TO THE FOLLOWING DESTINATIONS: BUiNOS AIRES (BUE)/SANTOS (SSZ)/SAN ANTONIO (*AI) ETP SIN Etd BUi ltd SSZ Etd SAI Buxnosteer VBTBOIS 19/03 15/04 20/04
      892 words
    • 1159 38 OOCL (Singapore; Pte Ltd CFS Keppel Distrpk f or booking 79 Anson Rocd #21-04 (S) *****6 81k 513 #01-128 t enquiry (fft.V CR NO **********0H W: 272 7827 call 3269 I*o WWWITt(: *****13 Fax 221 3942 F«: 272 7MS NORTH AMERICA USA/ CANADA 0> AUSTRALIA TO USA LG6 -(HI 'MEM
      1,159 words

  • Page 39 Miscellaneous
    • 127 39 LEGEND R Thunderstorm Q Shower Weother _X Wmd drection with speed in knots ee Rom Cloudy Sky Wov h Surfoce winds ore indicated by arrows which tty with the wind One tut circle represents colm or fcght ond variable winds One hotf fteche represents 5 knots L— One full fleche
      127 words