The Business Times, 12 March 1998

Microfilm: NL21173
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, MARCH 12,1998
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  • Article
    MARKET SUMMARY
    70 1 Osra 1577-84 (+31.79) QBT-SEI Mft£o(+6.B9) Nirour U 13TMI (+24.40) Pi BTMGA u 818.73 (+10.83) n HABXET MOODc Ma Mixed STOCK HABKET INDICES Wednesday Change KLSECOMP *****1 -W NIKKEI 16,766.14 226.68 HAM) SENG 11.118JS> +***** SET INDEX 502.70 -4.76 JAKARTA COUP 491,87 +1H MANILA COMP _J2,188.42 +6161 TAIPEI WPI
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  • Article
    FINANCE
    75 1 EXCHANGE SATES* uss ss USS 1.828 1.639 1668 DM 0*46 1888 YEN 1M 1781 1171 MS 1288 0.420 HKS 0.129 0510 BAHT 0.023 0.038 RIfPIAH 109 0.010 0.016 nuerbank rata IMIIW SINGAPORE* 7.86 KUALA LUMPUR 10.46 JAKARTA .22.00 BANOKOK 1U» MANILA 17 JO HONGKONG 10.28 TAIPEI SYDNEY 8.00 TOKYO
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  • Article
    Prospect of clash between IMF, Jakarta eases
    702 1  -  Fond official makes conciliatory gestures as Suharto refrains from comment From\ S N Vasuki in Jakarta THE prospect of a clash between Indonesia and the International Monetary Fund eased considerably yesterday after President Suharto backed away from any criticism of the IMF in
    702 words
  • Article
    MAS still working towards Indon trade finance guarantees
    444 1  -  Its remark follows reports that the plan has failed By. Audrey Tan [SINGAPORE] The Monetary Authority of Singapore yesterday said it is still proceeding with a plan to set up a multilateral trade finance guarantee scheme for Indonesia. It was responding to
    444 words
  • Article
    BG Lee explains why scholars must be accountable
    757 1  -  Scholarships are not mere bursaries, they are public fnnds By' Ven Sreenivasan [SINGAPORE] Deputy Prime Minister Lee Hsien Loong yesterday issued a ministerial statement on scholars and scholarship bonds, saying that a scholarship holder who fails to return to serve his bond
    757 words
  • Article
    Most car traders bring down prices Mowing govt tax move
    459 1  -  Savings range from $1,400 for a Perodoa to $50,000 for a Rolls By < Christopher Tan [SINGAPORE] Most motor traders have revised their prices to reflect the government's decision to bring forward cuts in two upfront taxes to April 1,
    459 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      142 1 DlglPE Shake-cot in the ad iatatiy Client cutbacks and fierce competition are taking their toll on advertising agencies, Pg2 Amdwarritr The Honda Integra Type R thrives at devilish speeds and yet is so perfectly wellbehaved, Pf 14 Property lannches in TWuno, Hewtta Over the next three years, nearly 2,000 units
      142 words
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      Page 1 Advertisements Column 2
      22 1 The road ahead for Habibie, Pg 6 Indonesia's critical hoar, Editorial Pg 11 Taiwan setting up NTslb export insurance fund, Pg 8
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      Page 1 Advertisements Column 3
      267 1 REUTERS Turbulence hits Cathay Pacific HONGKONG'sflagship airline turned in a dismal set of results yesterday, with chairman Peter Sutch (above) warning of a tough year ahead for the carrier. Fall report, Pg 10 Timeless values. p Empire Period. v Geneva enamel. Duplex escapement movement V by llbery of London. These
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Shakeout looms over ad industry as economic crisis takes its toll
      463 2  -  But leaner local companies stand to gain as clients slash their budgets Frances Lui A "SHAKEOUT in the advertising industry appears immiifent as client cutbacks and fierce competition take their toll on agencies. At the same time, it is
      463 words
    • Article
      Non-oil exports seen surging over 20% in Feb
      444 2  -  Economists still pessimistic as PC demand stays weak By. Audrey Tan SINGAPORE'S non-oil domestic exports likely surged more than 20 per cent in February, going by estimates announced by Finance Minister Richard Hu on Tuesday. But economists said that growth is not
      444 words
    • Article
      Burson Marstellar lays off 6
      242 2  -  By. Abdul Hadhi THE public relations (PR) industry has become the latest to join the "consolidation" trend, with Burson Marstellar (BM) laying off staff recently. One consultant and five clerical and administration staff were handed their letters. BT understands that the consultant will be starting
      242 words
    • Article
      US telecoms firm WorldCom opens S'pore ops centre
      264 2  -  By' Toh Han Shih WORLDCOM, a member of the Directline consortium bidding for a licence to operate telecommunications services from April 2000, yesterday opened its Singapore operations centre. The centre provides a service that is the first of its kind by a
      264 words
    • Article
      Lock icon Bonn, S'pore agree to liberalise air links
      123 2 AFXAsia [BONN] The German and Singapore governments agreed on a gradual liberalisation of air transport between the two countries due to an anticipated increase in travel, Transport Minister Matthias Wissmann said. Among other things, the liberalisation enables cargo destined for Germany or Singapore
      AFX- Asia  -  123 words
    • Article, Illustration
      Lock icon Economy seen bottoming in Q2
      296 2  -  EYE OH THE ECONOMY Outlook By t Audrey Tan THE current contractionary phase in the Singapore economy will hit bottom in the second quarter, and after a pick-up in the second half, the economy should grow 5.9 per cent this year, ac- cording to projections
      Source: CBRO  -  296 words
    • Article, Illustration
      Lock icon Credit POSB reviews mortgage rates after hike by POSBank
      371 2  -  By Clarissa Tan FOLLOWING a hike in interest rates by POSBank for big deposits, its lending arm. Credit POSB, Singapore's largest housing loan provider, is reviewing its mortgage rates, a Credit POSB spokesman told BT yesterday. The national savings bank yesterday
      FILE PHOTO  -  371 words
    • Article, Illustration
      What they say
      315 3 'A scholar who fails to return to serve his bond has used public funds merely to serve his personal ends. More reprehensible, he has deprived another student of the opportunity of studying at an outstanding university... BG Lee Hslen Loon* an why the l«sue of bond breaking
      315 words
    • Article, Illustration
      Lock icon Competitiveness concerns dominate session
      558 3  -  yesterday m parliament Taanw jnflndf interest rates and tax incentives for businesses By< Carol Eng AGAINST the backdrop of regional uncertainty and economic slowdown, Singapore's competitiveness surfaced as a big concern in parliament yesterday as debate on individual ministry budgets got underway. In the Finance Ministry
      FILE PHOTO  -  558 words
    • Article
      Second Link toll for big lorries set at $12 each way
      224 3 BIG lorries will be the hardest hit by the toll charges announced yesterday for the use of the Second Crossing and the Causeway. Pegged to the Malaysian rates announced last week, Singapore has set a toll of $12 each
      224 words
    • Article
      Citibank's new way to keep Internet trade safe
      168 3 CITIBANK has invested $3 million in a global standard for secure credit card payments over the Internet the first in the region to do so. Through the standard called SET (secure electronic transaction), Citibank's 200,000 Visa cardholders will be able to engage
      168 words
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      Page 2 Advertisements Column 1
      144 2 FOUND SOMETHING? Locate its owner through Classification 821 (Found). jgAeSk Simply call C.A.T.S. at i /*> 1800-737-1166 for this free service. Another Classified Service I The Preferred No 771 rooms) H• 10 minutes walk from Kallang(E3) Aljunied(E4) fJH MKT station. Conveniently located Money back guaranteed. I Air-conditioned rooms (Full refund
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      153 2 FOLLOWING THE BENCHMARK BUSINESS TIMES ARTICLE FRIDAY 27TH FEBRUARY 1998 PAGE 14 Mr Maurice Lidchi the Senior Trustee, The Consultancy Group in his present role as a Curator ad Hoc of The Sh. Sameyeh Collection will give an Important Talk/Seminar at The Singapore Art Museum (Patron's Club) SINGAPORE'S VITAL ROLE
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      31 3 v I It's easy. I'll just find it in The Straits Times Classified. Dad does it all the time. He changes cars as often as I change my toy cars. |cat&|
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      Page 3 Advertisements Column 2
      145 3 H \y W jgJ^^^HS^oing beyond... -tit? 1 i WBu m j^BHb 1 "4illiH With the right financial resources behind you With IFS, you'll be surprised just how far you can spread your wings. That's because we understand what a growing business needs to take flight. When it comes to doing
      145 words
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  • FOCUS: PROPERTY
    • Article
      Nissho Iwai invests $162m in Singapore
      268 4  -  /ty. Abdul Hadhi [SINGAPORE] Japanese trading giant Nissho Iwai has pumped some $162.5 million into property projects in Singapore, showing confidence in the local market despite its current "soft" state. The general manager of Nissho Iwai's Singapore branch, Seisuke Kitaoka, told BT that in
      268 words
    • Article, Illustration
      Thomson/Newton to see large supply of homes
      978 4  -  Several launches expected in last quarter if market stabilises in mid-year By, Jenny Lam [SINGAPORE] OVER the next three years, nearly 2,000 units from 18 new apartments and condominiums are expected to come onstream in the popular Newton and Thomson area, according to
      978 words
    • Article
      House Hunt
      1145 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged from Nov 11,07 to Mar 7, 99 PROJECT NAME/ WOT COKTJWCT TBURE MLT-SV UK* W STRSTNAME TYW Q«l LM»M»* mm m District 11 NOHMLJinoea Asimont Gdn Apt 24-01-1996 FH 3261 1420 435
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      122 4 <>\ %aW% H 1 pg 7 >#/ r \> V -V X V >#* -j-\ <* vV v '<T> >:1 f Singapore-Hyderabad non-stop Every Sunday and Tuesday ll EFFECTIVE MARCH 29.1998 v T with you in Singapore sine* 1954 ~v*f&eHiCH&& "<3* mi' xW. v« s* MMTMMK 3*» 'f 19TAI SENG
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      Page 4 Advertisements Column 2
      195 4 Corporate Industrial Building in Tampines FOR SALE Land Area Approx. 161,500 sq ft Built-in Approx. 108,000 sq ft Tenure HDB lease 30 +30 years w.e.f. 1989 Excellent condition and corporate identity For more details, please contact Sole Marketing Agent Richard Ellis (Pte) Ltd Tel: 224 81 81 We provide consultancy
      195 words
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      Page 4 Advertisements Column 3
      44 4 Ranked #1 franchise for submarine sandwiches* Low start-up costs Over 13,000 restaurants in 62 countries Saturday March 14Vt 1998,3pm Amarican Ctub MaaMng Room I Straat Parting Only Walk-ins Welcome jnap To register or for free franchise information Call 383-2551 Fax:3B3-2554 email: subwayOcyberway.com.sg www.subway.com SUSmf»i^MMMa«DKMAncMiIc
      44 words
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  • MARKETS IN TURMOIL
    • Article
      Lock icon Bailouts only for the well-placed in M'sia: economist
      396 5 AFP [HONGKONG] Bailout operations for Malaysian firms using public funds are likely to be limited to the ones with good connections to those in power, a Malaysian economist said here yesterday. "There are two ways to look at what happened last week,"
      AFP  -  396 words
    • Article
      Lock icon Strong US concerns over Indon reforms
      346 5 Rabin asks Suharto to address economy's structural problems Reuters, AFP [WASHINGTON] US Treasury Secretary Robert Rubin said on Tuesday that Washington had serious concerns about Indonesia's efforts to combat its financial crisis and urged Jakarta to address the economy's structural problems. "There are serious
      Reuters,; AFP  -  346 words
    • Article, Illustration
      Lock icon Chuan to get royal treatment in US visit and a boost from Soros
      635 5  -  UStohigitigitlliai success in adhering to IMF reforms, in contrast to Indonesia From, Leon Hadar in Washington THE high-profile visit of Thailand's prime minister to the United States will get an unexpected boost from George Soros, the international
      FILE PHOTO  -  635 words
    • Article
      Lock icon Philippines, M'sia may face banking crises as bad loans rise
      308 5 Goldman says both may breach its 15% NPL ratio threshold Bloomberg [MANILA] The Philippines and Malaysia face possible banking crises as the Asian economic crunch causes bad loans to swell, Goldman Sachs (Asia) LLC said. Roy Ramos, head of the
      Bloomberg  -  308 words
    • Article
      Lock icon Indon state bank officials arrested on graft charges
      240 5 AFP [JAKARTA] Indonesian police have arrested two officials of the state Exim Bank on charges of graft linked to the bank's foreign exchange losses, police said yesterday. National Police spokesman Brigadier-General Da'i Bachtiar said that two Exim Bank officials, questioned since Tuesday,
      AFP  -  240 words
    • Article, Illustration
      Lock icon Jakarta must peg rupiah to dollar now: Hanke
      329 5 Bloomberg [NEW YORK] Steve Hanke, a Johns Hopkins economics professor and adviser to Indonesian President Suharto, said the country must peg its currency to the US dollar "immediately". The country risks a "massive hyperinflation blowout" and rising social instability the longer it
      Bloomberg; FILE PHOTO  -  329 words
    • Article
      US PC makers safe from Asian crisis: Moody's
      376 5  -  Finns buffered by low dependence on region, manufacturing costs From] Loh Hui Yin in Hongkong WITH their low dependence on revenue from Asia and a manufacturing presence in this region, American computer firms will not be adversely affected by the economic slowdown
      376 words
    • Article, Illustration
      IMF reforms the only way out Tokyo tells Jakarta
      452 5  -  From, Louis Beckerling in Tokyo INDONESIA'S economic crisis will be resolved once it recovers the confidence of international markets, and the only way it can achieve this is by implementing agreements negotiated with the International Monetary Fund. That's the message which
      452 words
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  • INDONESIA'S NEW VICE-PRESIDENT
    • Article, Illustration
      Lock icon The road ahead for Habibie
      1180 6  -  He is going to be a different kind of No 2 one with a high profile and with a hand in economic affairs By Yang Razali Kassim [JAKARTA] EXACTLY a week after his election as Indonesian vice-president yesterday, B J Habibie will fly to Japan
      AFP  -  1,180 words
    • Article
      PM Goh assures Suharto of his continued support
      113 6 HAVING benefited from his leadership. Indonesians have reaffirmed their trust in President Suharto by re-electing him to a seventh term, said Prime Minister Goh Chok Tong in his congratulatory message yesterday. Through Mr Suharto's "strong will and leadership", Indonesia has overcome overwhelming
      113 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      100 6 In business, being at the right place at the right time with the right crowd is critical. Our Special Features can help you get there. The right place, because the editoral focus complements your advertisement. The right time,- because our special features are specially planned to coincide with specific events,
      100 words
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      Page 6 Advertisements Column 2
      32 6 Dale Carnegie Training Strengthen Self-Confidence Sell Ideas More Effectively Improve Interpersonal Skills Overcome Fear of Audience Control Worry Tension Be a Motivational Leader 12S 8 220 3836 SHS Success Strata Pte Ltd
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      Page 6 Advertisements Column 3
      370 6 Following rationalisation, Power Gas Ltd offers the following GASMAKING FACILITY EQUIPT and MATL'S in Kallang Gasworks and Queenstown Gasholder station for (8) Modern HYDROGEN RICH GASMAKING PLANTS ranging from 200,000 to 85,000 SCM per day c/w Reformers, WH Boilers, Steam Superheaters, Gas Coolers, Metering, Rotating Machinery, Process Controls and Electrical
      370 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon A clean campaign in Manila
      48 7 (MANILA] Filipino volunteers tearing down campaign posters on a wall along Manila's main highway yesterday. The Commission on Elections has banned the display of candidates 'posters for the May 11 elections. It said campaign material should be posted only in designated areas. REUTERS
      REUTERS  -  48 words
    • Article
      Lock icon Credit Lyonnais suspended from forex futures trade
      283 7 HANOI U552,300 violations cited by central bank for 2-mth suspension AFP FRENCH bank Credit Lyonnais has been suspended from trading in foreign exchange futures in Vietnam for two months for alleged violations involving less than U552,300 (553,740), a bank official said yesterday. The
      AFP  -  283 words
    • Article
      KL, Taipei firms tie up for satellite broadcast
      200 7  -  SINGAPORE By' Toh Han Shih MALAYSIAN satellite broadcaster, Astro, has entered into a joint-venture to broadcast satellite TV to homes in Taiwan. The joint-venture, involving TVBS (a Taiwanese TV station) and Era (a Taiwanese producer and distributor of TV programmes), is tentatively
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    • Article
      Lock icon Fires rage in Kalimantan; rain-making efforts fail
      252 7 JAKARTA AFP FIRES raged yesterday in several parts of the Indonesian province of East Kalimantan as local authorities stepped up firefighting efforts to control their spread, officials said. "The latest report we have, dated on Tuesday, shows that there were still 547 hot-spots
      AFP  -  252 words
    • Article
      Lock icon Clinton signs Vietnam waiver, clears path for full economic ties
      408 7 HANOI Waiver benefits firms fighting to win billions of dollars in contracts against Japan, EU rivals AFP US PRESIDENT Bill Clinton has signed a waiver of the Jackson-Vanik amendment for Vietnam, removing the last legal obstacle to full economic normalisation
      AFP  -  408 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      146 7 pwivunrn I "raws 0 H NEC ExpresssBoo Servers Champion PC Servers m In Japan A jH m Model 110Pro/S Model 120Pro/S Model 130Pro/S Model 160Pro/S Rack Mount Option Entry level 233 MHz Workgroup level Enterprise model Supports Power performer Supports Available for 130Pro/S or 266 MHz Pentium® II Supports up
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Beijing's dilemma over interest rate cuts
      706 8  -  CHXXAWATCH NATIONAL PEOPLE'S CONGRESS Lower rates will boost economy bat raise yuan devaluation risks By Lu Ning in Beijing AT A news conference last Saturday on the sidelines of China's National People's Congress session, Dai Xianglong, governor of the People's Bank of China, was
      706 words
    • Article
      Lock icon Conflicts delay China's securities law
      380 8 BEIJING Reuters COMPETING interests have further delayed China's passage of a long-awaited securities law as government bodies wrangle over the division of authority, securities officials said yesterday. Tian Jiyun, vice-chairman of the Standing Committee of the National People's Congress, told lawmakers on Tuesday that a
      Reuters  -  380 words
    • Article, Illustration
      Lock icon Not seeing eye to eye
      42 8 [BEIJING] A Chinese onlooker in Tianamen Square teasing a policeman who stopped people from approaching the Great Hall of the People where delegates of the Chinese People's Political Consultative Conference were attending a plenary session yesterday. REUTERS
      REUTERS  -  42 words
    • Article
      China showing signs of deflation, says economist
      389 8  -  From, Lu Ning inßeijing THE Chinese economy is showing "signs" of deflation, and investments must grow at least 15 per cent this year to achieve the economic growth target of 8 per cent, a leading Chinese economist warned yesterday. In an interview, Dong
      389 words
    • Article
      Taiwan setting up NT$1b export insurance fund
      426 8  -  Move aims to boost exports to S-EA and help island's SMEs From] Laurence Eyton in Taipei TAIWAN is setting up an NT$l billion (5550.3 million) export insurance fund to be administered by island's Ex-port-Import Bank (EIB) in an attempt to improve sagging exports
      426 words
    • Article
      Lock icon Taiwan to pump NT$20b into S-EA, mainly M'sia
      209 8 TAIPEI AFP TAIWAN is to invest NT$2O billion (SII.OI billion) in South-east Asia, mainly in Malaysia, following a visit by Vice-President Lien Chan to Kuala Lumpur last week, a business group leader said in remarks published yesterday. "We prepare to form an
      AFP  -  209 words
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      621 8 m BO as* yy IJ\S tj HOLDINGS limited NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE DATES NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 62 Joo Koon Ode, Singapore *****5, on the 30th day of March 1998 at 10.00 a.m. for
      621 words
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      Page 8 Advertisements Column 2
      708 8 PO (M HOLDINGS LIMITED NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at 62 joo Koon Grde, Singapore *****5 on 30 March 1998 at 10.15 a.m. (or as soon thereafter following the conclusion or adjournment
      708 words
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      Page 8 Advertisements Column 3
      37 8 BUY** SELL** FIND,/ Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it, sell it or find it with the Classified. TOLL F8 E 1800-737-1166 Coll Today For losults Tomorrow.
      37 words
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  • ASIA/CHINA
    • Article, Illustration
      Lock icon Anti-graft purge puts fate of BOJ chief in the balance
      802 9  -  Capital markets division head held; analysts see central bank governor quitting From Anthony Rowley in Tokyo THE fate of Bank of Japan governor Yasui Matsushita and other senior officials hung in the balance yesterday as the flames of an anti-corruption
      REUTERS  -  802 words
    • Article
      Lock icon Japanese firms to review India plans
      279 9 NEW DELHI Report says they are assessing business dimate under an expected BJP gpvt AFP, Reuters LEADING Japanese companies could review their investment plans for India if the country's new government turns hostile towards multinationals, The Business StancLard reported yesterday. Quoting company officials, it
      AFP,; Reuters  -  279 words
    • Article
      Lock icon China to host landmark visit by Taiwan official
      204 9 BEIJING AFP CHINA yesterday agreed to host a visit by a top Taiwanese official aimed at ending a three-year freeze on negotiations between the arch-rivals. China's Association for Relations Across the Taiwan Strait (Arats) sent a letter to Taiwan's Straits Exchange Foundation
      AFP  -  204 words
    • Article
      Lock icon Tokyo's current account surplus triples in January
      298 9 TOKYO AFP JAPAN'S current account surplus more than tripled in January from a year earlier, with an economic slump and a weak yen slashing imports, officials and analysts said yesterday. The surplus, measuring the flow of goods and services as well as investment
      AFP  -  298 words
  • Page 9 Advertisements
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      152 9 I Emirates has I I won Airline I I of the Year. I I What more could you ask for? I Best Airline to the Middle East Best Economy Class Best Cabin Staff Gold Gold Gold Best In-flight Food and Wine Best Long-Haul Airline Best In-flight Entertainment Gold Silver Silver
      152 words
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  • THE WORLD
    • Article
      Lock icon US rejects China's industrial tariff offer for WTO entry
      575 10 BEIJING Deputy Trade Rep says offer incomplete; China says it's pushing ahead AFP AMERICAN negotiators yesterday rejected a line-by-line tariff offer from China on World Trade Organisation (WTO) entry and said Beijing had a long way to go to join the
      AFP  -  575 words
    • Article
      Lock icon Bundesbank study shows official data overstates inflation
      283 10 FRANKFURT Reuters A STUDY released by the Bundesbank yesterday suggests that Germany's real inflation is well below that shown in official consumer price data. It concludes that the price data overstate true inflation by about three quarters of a percentage point per year
      Reuters  -  283 words
    • Article
      Lock icon Kohl govt predicts steady growth, jobs turnaround
      259 10 BONN Reuters GERMAN ChanceUor Helmut Kohl's government yesterday countered opposition attacks on its jobs record, predicting faster growth and a turnaround on the labour market this year in its annual economic report. The main thrust of the report, published annually by the Economics
      Reuters  -  259 words
    • Article, Illustration
      Lock icon New millennium woman in the making
      73 10 [BUENOS AIRES] Argentine artist Marta Minujin posing amid pieces of her future bronze sculpture named "Woman-Intellect-Consumerism-2000" symbolising the woman of the next millennium. The 20-metre high, US$2BO,OOO (*****,280) structure will be filled with objects such as razor blades, bottles, spectacles, combs and will be
      REUTERS  -  73 words
    • Article
      Lock icon EC threatens to sue over air deals
      291 10 STRASBOURG AFP THE European Commission has threatened to sue eight EU members that signed bilateral aviation deals with the United States, a commission spokesman said yesterday. Brussels claims such deals open national markets in Europe to US airlines without letting European carriers compete
      AFP  -  291 words
    • Article
      Lock icon Futures traders bet on millennium bug fear
      612 10 LONDON They are betting money market rates will skyrocket as year 2000 nears Bloomberg INTEREST rate futures traders have found a way to make money from the so-called "millennium bug", betting computers at banks and securities firms will get confused as the calendar
      Bloomberg  -  612 words
    • Article
      Lock icon South African govt loosens foreign exchange controls
      385 10 CAPETOWN AFP SOUTH African Finance Minister Trevor Manuel yesterday announced the easing of a series of exchange control regulations for the country's companies and individuals. Delivering his annual budget, Mr Manuel said the maximum that corporations are allowed to transfer to Southern African
      AFP  -  385 words
    • Article
      Lock icon US regulators get tough on mergers
      583 10 WASHINGTON Bat critics warn that anti-trust busters are hobbling industry Reuters FEDERAL regulators are taking a closer look at mergers in several key industries where the number of competitors has thinned, while trust-busters say their criteria have not changed. "Our merger guidelines call for
      Reuters  -  583 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      94 10 5-STOREY FLATTED FACTORY and A SINQLE-STOREY WAREHOUSE BUILDING AT 6 TUAS SOUTH STREET 2, SINGAPORE Prominent frontage along Tuas South St.2 Built in area: 73,468 sq.ft. (approx.) aarfffjlji HJ' Mi Land area: 82,668 sq.ft. (approx.) ft!'!i "ii!" '<> •No land rent payable Tenure is 60 years from 18 August 1993
      94 words
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      Page 10 Advertisements Column 2
      79 10 Indulge in 5-Star Hotel Hospitality At A Fraction Of The Price Park View Hotel caters to all your business needs. At an unbeatable price of SsBB~SsHB*nett (Inclusive of American Breakfast) Promotion Period only. Corporate Rates Available Upon Request. (We are near the Singapore International > Convention and Exhibition Centre and
      79 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Ugly side to bargain hunting in Asia
      677 11  -  THE BOTTOMLIKE OPINION By Loh Hui Yin The writer is a BT correspondent in Hongkong BY all accounts, if s not easy to get a hotel room in Seoul these days because of the number of foreign businessmen and investment bankers flocking there
      677 words
    • Article
      IN OTHER WORDS
      155 11 4 lt keeps our minds off economic problems.' -A rioter in Patok Besi. West Java, one of the Indonesian towns ravaged by mobs protesting against rising prices, on the benefits of riots. 'I don't want our roads to be turned into rivers of death. There is enough
      155 words
    • Article
      Indonesia's critical hour
      618 11 EDITORIAL WITH the presidential election now out of the way and with a fresh five-year mandate firmly in his grasp, President Suharto of Indonesia can now give his undivided attention to the most critical problem facing his country. Hauling the Indonesian economy back from what appears to
      618 words
    • Article, Illustration
      Canberra in a tight spot over the economy
      934 11  -  Can growth be kept up when exports are hit by Asian slump and current account deficit is rising? By] Peter Lynch The writer is a Sydney-based journalist who contributes to BT IS THE Australian economy heading for boom or doom? Is the
      934 words
    • Article
      WHAT THE OTHERS SAY
      892 11 BUI Clinton as the Devil IN light of the latest triumphs of the US president in public opinion, at least, he has vanquished the hymnsinging, holy-rolling Starr, as well as Paula Jones, Monica Lewinsky, Linda Tripp and the Nosy Parkers of the press Time is right.
      892 words
  • Page 11 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Really, it's not about Clintons
      767 12  -  Primary Colors director tells Arthur spmoojuir that the link shocks him ARTHUR SPIEGELMAN Reuters Hollywood is in denial. You see, there is this movie that is opening on March 20 about a guy running for president who has a Southern accent, a hoarse voice, greying
      Reuters  -  767 words
    • Article, Illustration
      Lock icon Pretty undies from Down Under
      651 12 FASHION Collette Dinnig&n's collection presents lingerie as outerwear AFP [PARIS] It is about time Australian designer Collette Dinnigan, a pioneer of the concept of underwear as outerwear, launched a separate lingerie line as so much of her winter collection shown here on Tuesday was clearly
      AFP  -  651 words
    • Article
      New regional body for amateur golfers
      304 12  -  GOLF By\ Nicklaus D'Cruz AMATEUR golfers can now look forward to a new organisation set up to look after their interests in the region the Organisation of Asian Amateur Golfers (OAAG). The OAAG, to be launched at Golf Asia '98 today, is a subsidiary
      304 words
    • Article, Illustration
      Lock icon This Honda's a road warrior
      1405 14  -  The Integra Type R thrives at devilish speeds yet is perfectly well-behaved. Christopher tam burns some rubber CHRISTOPHER TAN The black S2BO rolls out silently from a sliproad. It manoeuvres right behind an unfamiliar-looking coupe clad in white at the lights, inching so close that
      CHRIS LOH  -  1,405 words
    • BUMPER to BUMPER
      • Article
        Audi sales up 11%
        54 14 AUDI sales rose 11.1 per cent to 546,436 units last year. In the US, the biggest market for many manufacturers, Audi sales rose 24.8 per cent to 34,160 cars. Preliminary figures show that consolidated turnover for the company would be around 22 billion marks (5519.5 billion),
        54 words
      • Article
        Volvo taking S40, V40 to US
        92 14 BY the end of the year, Volvo Car Corp expects to sell its entry-level S4O and V4O range in the US —a market that favours larger models. In a decision made last week, president Tuve Johannesson said: "This will enable us to reach additional
        92 words
      • Article, Illustration
        New Opel Astra targets
        86 14 THE new Opel Astra, which goes on sale in Europe on March 20, is expected to chalk sales of half a million units for the rest of the year. GM Europe president Richard Donnelly said the group had invested about US$2.3 billion (553.7 billion) in the
        86 words
      • Article
        Ssangyong rolls out Korando
        58 14 THE Ssangyong Korando is here. Like the Musso, the 23-litre 4x4 is powered by a Mercedes-Benz engine. But unlike the Musso, which means rhinoceros in Korean, Korando is short for "Korea can do". The three-door car will be priced competitively against two-litre Japanese rivals such as
        58 words
      • Article
        GM to pump US$8.6b into Europe
        88 14  -  Compiled by Christopher Tan GENERAL Motors will invest US$B.6 billion in Europe over the next five years to update its facilities. This excludes US$l.5 billion already spent on converting Opel plants in Antwerp, Bochum and Eisenach for the new Astra model line. GM Europe
        88 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      245 12 r I splendid feast of colours. 1 MARCH TO 12 APRIL 1998 You've heard and seen all about "JOSEPH AND THE AMAZINC TECHNICOLOR DREAMCOAT*. Now, grab the chance to taste Joseph's Dream Meals a set of exotic dishes created by Executive Chef Michael Hoevel to mark the musical's Asia Pacific
      245 words
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      Page 12 Advertisements Column 2
      85 12 STUART ANDERSON'S BLACK ANGUS RESTU A R/tlTcreating enchfnkng moments with good food, good value ann pood aml^pce. Prime Rib of Bed Set-Loach 16.90 A oz. cut of our specialty. Seasoned, seared and slow roasted 11.5.D.A Choice Prime Rib of Beef. Rib Stickin' Baby Back 16.90 IBiiIIHBSPjBWPII Pork Ribs Set-Lunch iHKjESS
      85 words
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      782 13 The Straits Times Classtfied/Tanglin Mall kl idW IZtUfm Tanglin Mall, every third Saturday of the month, spm 11pm (cax&J i A J* j Offers personalised assistance W here to wine, dine and entertain... *"J a t over 175 offices worldwide, 290 4545 J* 3-in-1 Promotion* -15% discount oft food items
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      Page 13 Advertisements Column 2
      106 13 i fin mi'' j TRIfIE 3 j I»ST*H»iT j Delight in a meal for four i and enjoy j 25% savings j on your next meal for two t Call 831-6271 far reservations Jh Mandarin UU Si/upyorr J 333 Orchard Road. Singapore *****7. Tel: 737 4411 J 12 Feb to
      106 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      887 13 f TV&RADIO 1t..,.. 1 ing Highlights from Par- 8.00 Berita 12 (News). liament). 8.30 Festival Filem ICI Dulux: r——^ 2.30 PM TV Innovations. U. 15 Business Day. Layar 12 Selubung. 1 4.00 Kidz Blitz Festival of Mr Mrs Smith. 10.30 Friends In Need (Japa jC Family Classics Robin- 12.30 AM
      887 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      173 13 CRYPTIC CROSSWORD 1 All too human story in which evil makes a comeback 11 Goes ahead and plays the star 20 Unethical perfume brought 23~~ back by pupil (6) —JH 26 Knock back a portion of gin Zjß 27 Sad pair evicted initially, hav- ing gone wrong here (8) 28
      173 words
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      Page 14 Advertisements Column 1
      26 14 =i=l=l=ftJ If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Service
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      Page 14 Advertisements Column 2
      379 14 instructed by the receiver and manager mandated by the creditor bank to realise The Sh. Sameyeh Pte Ltd Collection which includes Museum Level Examples, Mr Maurice Lidchi the appointed Curator Ad Hoc announces an Refer to the article in Business Times Friday February 27th Page 14 IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION
      379 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      179 14 THE WEATHER Singapore: Slightly hazy with showers over Southern, Eastern Central Singapore in the late afternoon. Temperature(32-27) 'HVLo" Good. Duioy Hl/Lo* Good. ft»nrtai HVLo* Good. AurUud 2VIB (tag AlMmtail 0&-2 Smm, BuenrcAirw Wl4 (Vudy Bantdink (loudv Athens 14/08 (loudy 8m 09<0I Cloudy Berlin 01/-4 Cloudy Chintt WW Ooudy Bombay Jl/»
      179 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Form Holdings eyeing US animation market
      372 15  -  The Sesdaq firm may take 30% stake in venture to produce Ssls million film By Frances Lui [SINGAPORE] Sesdaq-listed recording company Form Holdings plans to penetrate the US animation market through a possible joint venture on a film which costs Ssls million to produce.
      FILE PHOTO  -  372 words
    • Article
      Freight Links chairman trims stake with sale of 12m shares
      183 15  -  By< Annette Pau [SINGAPORE] Freight Links Express Holdings' shares yesterday made it to the actives list on the local bourse when its chairman and substantial shareholder David Lim sold 12 million shares, or 2.45 per cent of its issued share
      183 words
    • Article
      Dovechem Hldgs will still hold 42%
      248 15 [SINGAPORE] Mainboardlisted Dovechem Terminals yesterday said Dovechem Holdings Pte Ltd will still hold 42 per cent of its enlarged share capital after a proposed deal announced early this week with Norwegian company Stolthaven Asia Pacific. The proposed deal is "not conditional" upon a waiver
      248 words
    • Article
      Lock icon Burwill price doubles on expected takeover
      158 15 Bloomberg [HONGKONG] Burwill Holdings saw its share price shoot up after its biggest shareholders, including Singapore's Nat Steel, agreed to sell a majority stake that will lead to a general offer. Shares of the company, which is in the metal processing, property and treasury
      Bloomberg  -  158 words
    • Article
      UOB's Causeway link: the hazards of country risk
      772 15  -  HOCK LOCK SIEW Catherine Ong THE United Overseas Bank (UOB) group may not have turned in the best results for 1997. But the bank and its chairman can often be counted on to give the best value for money to journalists attending
      772 words
    • Article
      Wing Tai shares gain on talk of DBS taking stake
      297 15  -  But bank says rumours on true; market talk of debt for equity plan Wong Wei Kong (SINGAPORE] Wing Tai shares surged yesterday on talk that DBS Bank might be buying a substantial stake in the property developer, which is controlled
      297 words
    • Article
      Lock icon DBS Land expected to post 8% profit fall
      350 15 Provisions of up to $30m for decline in property values seen Bloomberg [SINGAPORE] DBS Land Ltd's profit for the year ended Dec 31,1997 is expected to fall 8 per cent to $190 million, according to a poll of nine analysts by Bloomberg
      Bloomberg  -  350 words
    • REGIONAL COMPANIES
      • Article
        Storms ahead as Cathay Pacific profit falls 55%
        638 16  -  Hit by HE tourism slump, airline warns that no relief is expected this year From Quak Hiang Whai in Hongkong HONGKONG'S flagship airline Cathay Pacific Airways yesterday unveiled a dismal 55 per cent slump in profits for last year and warned that
        638 words
      • Article
        Maritime group Jaya's interim net surges 160% to $9.5m
        308 16 Boost from change in reporting currency, offshore marine gains [SINGAPORE] Mainboardlisted Jaya Holdings reported a 160 per cent jump in net earnings to $9.5 million for its first half ended Dec 31. The improvement in profit was due to a change
        308 words
      • Article
        Lock icon S Korea's Hyosung Group downsizes
        209 16 AFP {SEOUL] Hyosung Group yesterday became the first of ;South Korea's family-owned "Conglomerates to bite the IMF bullet with a drastic downsizing plan under which it will yshed 16 of its 20 subsidiaries. "We will embark on a massive restructuring programme •to concentrate on four
        AFP  -  209 words
      • Article
        Lock icon Bankrupt Yaohan HK to sell listing status
        156 16 Bloomberg [HONGKONG] Yaohan Hongkong Corp Ltd, a bankrupt department store holding company, said it was talking to a number of parties interested in buying its rights to list on Hongkong's stock exchange. Liquidator Matthew O'Driscoll, a partner at Ernst Young, said proceeds from
        Bloomberg  -  156 words
      • Article
        Keypad maker San Teh buys land in Suzhou
        226 16 Company, chairman in joint purchase of &3m renminbi plot [SINGAPORE] Mainboardlisted rubber keypad maker San Teh and its chairman have jointly bought a 66,667 sq m plot of land in Suzhou for 8.3 million renminbi (Ssl.6 million). The acquisition of the plot
        226 words
      • Article, Illustration
        Lock icon Good luck comes in trees
        67 16 [HONGKONG] Sai O villagers Tuesday protesting against Hongkong developer Sun Hung Kai after a line of feng shui "trees were felled to make way for a theological school. Some 120 trees of up to 12 metres tall were cut down. Villagers claimed that the trees
        AFP  -  67 words
      • Article
        Dhana Siam Finance plans to double capital to 15b baht
        305 16  -  From Harish Mehta in Bangkok DHANA Siam Finance yesterday revealed an ambitious plan to more than double its capital to 15 billion baht (***** million) under a government directive to the finance industry to shape up. After the closure of
        305 words
      • Article
        Lock icon Taiwan's Yuanta to buy into Thai finance firm
        301 16 AFP [BANGKOK] A top Taiwanese financial institution has agreed to buy a 10 per cent stake in a large Thai finance firm seeking to boost its capital, reports said yesterday. The Yuanta Group signed an agreement last Wednesday to buy 108.25 million
        AFP  -  301 words
      • COMPANY Briefs
        • Article
          Lock icon New RHB shares in Sime Bank takeover
          109 16 AFX-Asia [KUALA LUMPUR] Rashid Hussain Bhd's acquisition of Sime Darby Bhd's 60.35 per cent stake and KUB Malaysia Bhd's 30 per cent stake in Sime Bank Bhd will be carried out via the issue of new RHB Holdings Bhd shares at 2.50 Malaysian
          AFX-Asia  -  109 words
        • Article
          DBS completes Thai Danu purchase
          47 16 [SINGAPORE] The acquisition by DBS Bank 0f268 million shares at 20 baht per share in Thai Danu Bank Public Company Limited, listed on the Stock Exchange of Thailand, was completed yesterday. DBS Bank now owns 50.27 per cent of Thai Danu Bank.
          47 words
        • Article
          United Overseas Finance amends results
          76 16 [SINGAPORE] United Overseas Finance said yesterday that the profit after tax figures at the company level released on March 9 contained several errors. The corrected figures are as follows: profit after tax at the company level grew 0.7 per cent to $6,247 million in the
          76 words
        • Article
          Sembawang Salvage to sell vessel
          88 16 {SINGAPORE] Sembawang Salvage, a subsidiary of Sembawang Marine Logistics Limited, has agreed to sell its vessel Seahorse I for US$l6.5 million (5J26.8 million) to Dredging International Asia Pacific. The sale is part of the rationalisation of SML's activities. The average utilisation rate for the vessel
          88 words
        • Article
          Broadway unit ties up with US firm
          62 16 [SINGAPORE] Mainboard listed packaging and components group Broadway Industrial Group has. through its wholly-owned subsidiary ViQuest Engineering Pte Ltd, entered into an alliance with US company Complex Tooling and Molding to provide tooling and moulding program management services on a global basis. Both
          62 words
        • Article
          Lock icon Japan firm to buy Yamaichi's S'pore unit
          66 16 Reuters [TOKYO] Japan Asia Investment Co Ltd (JAIC) said yesterday it would buy all of the outstanding shares of Yamaichi Asia Venture Capital, a Singapore-based member company of the failed Yamaichi Securities Co Ltd. JAIC said it would buy nine million shares of
          Reuters  -  66 words
        • Article
          Lock icon China Travel may issue Samurai bonds
          84 16 AFX-Asia [HONGKONG] China Travel International Investment Hongkong Ltd's parent, China Travel Service Holdings Ltd, said it is considering an issue of bonds in Japan worth 25-30 billion yen (Ss3l7-380 million). But group director and deputy general manager Xu Shi Quan said the possible Samurai
          AFX-Asia  -  84 words
      • Article
        Lock icon Hysan surprises with 12.6% earnings fall to HK$1.18b
        494 16 Reuters [HONGKONG] Hysan Development Co Ltd posted an unexpected drop in 1997 net profit yesterday as the Hongkong property investment and development company took a hefty provision for a drop in value of its securities portfolio. Hysan's net profit fell 12.6 per
        Reuters  -  494 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon PG&E in US$2b deal to supply power to Ultramar
        386 17 It will try to source cheap energy for Ultramar's refining ami chemical plants Bloomberg [SAN ANTONIO] PG&E Corp won a contract to supply more than US$2 billion (553.25 billion) in natural gas and electricity to Ultramar Diamond Shamrock Corp over seven
        Bloomberg  -  386 words
      • Article
        Lock icon BAT posts £15m loss in Q4 after one-time charge
        161 17 Bloomberg [LONDON] BAT Industries posted a loss in the fourth quarter after taking one-time charges to pay for the sale of its financial services businesses to Zurich Insurance Co and the costs of a US tobacco settlement. The UK tobacco and
        Bloomberg  -  161 words
      • Article
        Lock icon Asian crisis cuts £32m from Schroders profit
        231 17 Reuters [LONDON] Asia's financial turmoil took its toll on the profits of British investment bank Schroders pic in 1997, slashing £32 million (5585.3 million) off pretax profits of £277 million. Schroders said yesterday it had made the charge to cover Asian exposure and
        Reuters  -  231 words
      • Article
        Lock icon Merger charge puts UBS, SBC in the red
        422 17 Banks post pro-forma loss of 472 m francs despite underlying profit of 5b francs Bloomberg [ZURICH] Union Bank of Switzerland and Swiss Bank Corp posted a combined pro-forma net loss of 472 million Swiss francs (Sssl4 million) in 1997, as a charge
        Bloomberg  -  422 words
      • Article, Illustration
        Lock icon NEC's latest handiwork
        71 17 [TOKYO] Japanese electronics giant NEC unveiling its new handheld personal computer, Mobile Gear 11, which runs on Windows CE 2.ooperating system yesterday. The Mobile Gear II has a 8.1-inch colour Liquid Crystal Display and 318 Kbps modem and can be synchronised with other desktop computers and access
        AFP  -  71 words
      • Article
        Lock icon Merrill's Swiss bank net up 43%
        303 17 Bat growth in total client assets sees sharp slowdown Reuters [GENEVA] Merrill Lynch Bank (Suisse) SA on Tuesday reported a 43 per cent increase in 1997 net income to 30.4 million Swiss francs (5J33.1 million) compared to the year before but a sharp slowdown
        Reuters  -  303 words
      • Article
        Lock icon Bayer Q4 net profit up 18% on weaker mark
        258 17 Bloomberg [LEVERKUSEN, Germany] Bayer AG, Germany's thirdlargest chemicals and drugmaker, said fourth-quarter net income rose 18 per cent, within expectations, as a weaker Deutschemark boosted foreign profit. Fourth-quarter net rose to 589 million marks (*****.5 million) from 499 million marks a
        Bloomberg  -  258 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Asia Insurance gets A+ rating from S&P's
        464 18  -  This is a first for a locally-registered insurer in Asia, outside Japan By\ Soh Tiang Keng [SINGAPORE] Singapore's Asia Insurance has been given an A+ rating for its claimspaying ability and credit standing by Standard and Poor's. Asia Insurance is the first locally-registered
        464 words
      • Article
        Lock icon Mitsui Marine may invest in a new Sanyo Securities
        261 18 Bloomberg [TOKYO] Mitsui Marine Fire Insurance Co is negotiating to invest in a new company to be formed by Sanyo Securities Co, although it denied it has decided to take over the failed brokerage firm. Mitsui Marine officials said at a
        Bloomberg  -  261 words
      • Article
        Lock icon US mutual funds told to simplify prospectuses
        402 18 Move intended to encourage investors to read np on funds Bloomberg [WASHINGTON] The US Securities and Exchange Commission on Wednesday told mutual fund companies to replace unwieldy, confusing prospectuses with streamlined guides and will permit even simpler brochures designed to let investors easily
        Bloomberg  -  402 words
      • Article
        Lock icon Fed governor warns against cutting too many banking rules
        225 18 Bloomberg [WASHINGTON] Federal Reserve governor Laurence Meyer warned US legislators not to go too far in reducing the regulatory burden on the US banking industry. The Senate Banking Committee is considering legislation that would eliminate a host of record-keeping and other
        Bloomberg  -  225 words
      • Article
        Lock icon Credit Lyonnais sued for details of future plans
        298 18 Unions seek data on restructuring proposals made to EC AFP [PARIS] Employees of Credit Lyonnais took the troubled state-controlled bank to court yesterday to force it to reveal details of restructuring proposals made to Brussels in return for authorising more state aid.
        AFP  -  298 words
      • Article
        Lock icon Independent profits up a strong 38%
        181 18 Reuters [LONDON] Independent Insurance Group pic, one of Britain's youngest insurers, reported a strong 38 per cent rise in annual operating profits on Tuesday and reiterated its stand to remain autonomous for the time being. Founded II years ago and listed six years later.
        Reuters  -  181 words
      • Article
        Lock icon Euroyen up as JGBs surge
        213 18 Tit mn& Report Reuters [SINGAPORE) Simex Euroyen futures rose on the back of sharp gains in Japanese government bond (JGB) futures yesterday as traders became more pessimistic about the Tokyo government's ability to jump-start the economy. The yield on the benchmark 182 nd bond fell
        Reuters  -  213 words
      • Article
        Futures rally on Wall Street gains
        169 18  -  MSCI TAIWAN FUTURES Charlie Kuo Service Dealer Refco Singapore Pte Ltd THE Simex MSCI Taiwan Stock Index futures contract posted their biggest rally in four days on the back of new record highs of the Dow Jones Industrial Average and S&P 500. The March
        169 words
      • Article
        Lock icon Oil prices edge up on bullish US data
        229 18 ENERGY REPORT Reuters [LONDON] Ailing oil prices were in remission yesterday, thanks to supportive US industry stock figures, but the market's overall diagnosis remained poor. Benchmark Brent blend crude was 19 US cents firmer at U5513.19 a barrel at 13.15 GMT, 34
        Reuters  -  229 words
      • Article, Illustration
        Untitled
        1231 18 IMTBEBAME CROSS RATES Mar it A$ C$ffcECU Or Pi HKS tnd t» ft»Mi Yen Wn Ml Pw» 5$ fand Sir MTS 8aM Nwd US$ Australia 0942 6.778 0.618 4.103 1224 5.T71 ***** 47.777 0.855 10.560 2391 LM8 29.458 26.950 1087 3.323 0.996 ***** 28.847 0.407 0488 Canada 10(2 5J82 0.656
        1,231 words
      • Article
        Lock icon CURRENCY REPORT
        255 18 AFP TrAmtlMl THE dollar reached its highest level against the yen in a month and a half at 129.17 yen during the first half of the trading session. Dealers reacted to Japanese press reports that Bank of Japan governor Yasuo Matsushita is on the point of resigning after
        AFP  -  255 words
    • COMMODITY PRICES
      • Article
        Untitled
        1287 19 glOOMrUTUKBg Mam 8U6KR (Mm doting «s at S .30pm) IKS 1CONTI ACT (S cwrtiA*) Ctos« Voiumo OpM M—O Low Sott (towm) intorost Apr 96 120.00 117.00 118.50 250 975 Hay 96 122.50 120.00 121.00 450 2800 JM 98 125.00 123.00 123.00 200 3525 JtfA* 98 129.00 4095 Oct/Ooc 98 134.75
        1,287 words
      • Article
        Lock icon TOKYO
        1485 19 AFP □nua -am JAPANESE share prices closed 1.4 per cent lower yesterday due to strong selling pressure from corporate investors ahead of the March 31 financial year-end, brokers said. Share prices came under pressure due to profit-taking which was centred on international blue chip leaders, along with selling of
        AFP  -  1,485 words
      • Article
        WORLD STOCK MARKETS
        1968 19 lonmh iwi taAntilah 31 Group 568.400 3.400 AB Ports 360 8.600 AOPey National 1175 3/4 AMod Domecq 581 3 157 *2 Asda Group 194.400 -.200 BAT tad 632 -18 BG PtC 303 5 BtCC V48 -3 BOC Group 974.400 23.400 M Petroleum 835 -1.400 BTR 193.400 1.400
        1,968 words
    • Article, Illustration
      Lock icon HONGKONG
      1543 20 Reuters Fl Hang Seng ****** STOCKS closed sharply higher yesterday, lifted by a jump in HSBC Holdings, but brokers said further big gains in the index would need a sizeable increase in turnover. "It's been a one-stock market for the past few days," a local broker said. "And the
      Reuters  -  1,543 words
    • Article, Illustration
      Lock icon CHINA
      636 20 Reuters Fl Shenzhen B Index +LO9 CHINA'S hard currency B shares closed mixed in uncertain trading dominated by corporate profits, a weak A share market and regional concerns, brokers said. The Shanghai market was pulled lower by losses on the domestic A share market while Shenzhen finished stronger on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  636 words
    • Article
      Lock icon TAIPEI
      403 20 Bloomberg OWPlntot ****** TAIWAN'S main index staged its biggest rally in two weeks as gains in the computer-load-ed Nasdaq Composite Index reassured investors about earnings growth at local electronics companies. Taiwan Semiconductor Manufacturing Co led the way. People bought the shares "in a reaction to the fact that the
      Bloomberg  -  403 words
    • Article
      Lock icon WELLINGTON
      261 20 AFP n Wellington *18.09 LED by forestry stocks, the New Zealand share market yesterday closed up 0.8 per cent on solid turnover of NZ5103.6 million. The NZSE-40 Index was up 18.09 points to 2,249.02 with forest products producer Carter Holt Harvey Ltd up 10 cents to NZ52.57.— AFP ■rg
      AFP  -  261 words
    • Article, Illustration
      Lock icon BANGKOK
      827 20 AFP D SET faint -S.7t THE Thai share market yesterday slipped 1.1 per cent as investors took profit amid concerns about local banks and the direction of Indonesia's economic policy, analysts said. They said share prices closed lower in thin trade, led by financial stocks amid concerns over further
      AFP  -  827 words
    • Article
      Lock icon SEOUL
      413 20 Reuters PI Composite Infei +5.49 STOCKS closed higher yesterday after a day of fluctuations as share sales, driven by falling liquidity in the market, alternated with foreign buying, brokers said. The Composite Index closed 5.49 points higher at 531.05. Foreign buying picked up in the afternoon on expectations Indonesia's
      Reuters  -  413 words
    • Article
      Lock icon SYDNEY
      593 20 AFP i*l All Ordinaries +2L9 AUSTRALIAN shares rose 0.8 per cent yesterday following a record-breaking day on Wall Street and stronger markets in Hongkong, brokers said here. The All Ordinaries Index rose 21.9 points to 2,714.8 points. National turnover totalled 400.44 million shares worth A 51.09 billion. The All
      AFP  -  593 words
    • Article, Illustration
      Lock icon JAKARTA
      673 20 AFP Composite Index +L3> SHARE prices closed slightly firmer yesterday on late buying amid concerns over the future of the IMF economic reforms programme, dealers said. "We are trading in no direction because of the clash between the IMF and the government," Bakrie Securities dealer Denny Riyadi said. "It's
      AFP  -  673 words
    • Article
      Lock icon MANILA
      333 20 AFP Q Manila +5151 SHARE prices closed 2.5 per cent higher yesterday as investors snapped up bargains after a six-day slide. "It's just a technical rally after six days of losing more than 150 points," a broker said. The Composite Index gained 53.51 points to 2,188.42. Turnover was one
      AFP  -  333 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Financial stocks drag down market
        559 21 Reuters, AFP Q Composite Index -0.56 MALAYSIAN shares ended slightly lower yesterday, as financial stocks weakened on continuing worries over the health of local financial institutions, dealers and analysts said. The Composite Index closed 0.56 of a point lower to 709.91, while the lesser Second
        Reuters,; AFP  -  559 words
      • Article
        Untitled
        9141 21 INDUSTRIALS Consumer products 1998 Last Vot Day Net Cap Hlgft Low Company Sal* 000 High Low P/E Smll 310 180 Ajinomoto 260 14 4 105.4 148 73 Anqkasa 112 2 10 113 111 2.6 165.1 290 123 Apollo food Hlq 201 1 12 210 200 5.8 80.4 388 190 BertayaLand
        9,141 words
    • WARRANTS & OPTIONS
      • Article
        Flextech wrt: not a quick punt but good for the medium term
        201 22  -  WARRANT WATCH Ven Sreenivasan MANY analysts seem to think that local electronics sector stocks are looking increasingly attractive, given the continuing strong demand for components from the US. As we have often said before, warrants can sometimes yield
        201 words
      • Article
        Untitled
        3524 22 BONOS, LOANS VAMANTS Wt 1997/98 Last V«l Da* Owata HUfc Law 5 two Company lata *9f COOP) HK» Law Bwyar __PHca 68 9 m 3000 m AMOB C5.5H*****6 17 19.5 81 8 3160 »Acar ******1 USS 13 *1 SO 13 >3 '2-5 '33 131 8.5 3164 Acma ******4 22.5 -0.5
        3,524 words
    • Article
      CLOB INTERNATIONAL
      2304 22 Transaction Datr :M.u 11 6r Of 19*7/96 Last V« Da* l4Pt OhM H* Mv YM Not M Cap Lw» Stno Cwum tan COOOt L— lnw 8—»r Or »/K 1m 478 28 mtSOOO AIS850C 93.5 -5 K>46 104 92.5 915 94 5.0 11 II HI 95.9 137 12.5 ms
      2,304 words
    • Article
      STOCK EXCHANGE OF SINGAPORE
      1797 23 TURNOVER COOO) VALUE ('OOO) M»w Clofc TX1 MUn CH» Total industrial 88,322 116,530 204.852 165,491 76,222 241,713 rmanc* 9,750 47,063 56.813 66.110 34,161 100,271 Hotels 1,618 1.801 3.419 2,146 824 2,970 Properties 10,422 36,704 47,t26 33.834 13.542 49J76 Plantation 7,540 7,540 9,604 9.604 Minmq U38 1.238
      1,797 words
    • Article
      MAIN BOARD
      5329 23 Transaction Date: Mar 11 Cr Cf M Wt 1997/98 Last Vol Day Last Quota Dtv Dlv YM Nat Cat Avq High Low StMo Company Sato ('OOOJ High Low Buyer Seller C'vr P/t SmM Price INDUSTRIALS 1S7 18.5 a 1020 ACE 0ynamlcs60c 35.5 *0.5 18 35.5 34 34 35.5
      5,329 words
    • Article
      SESDAQ
      1140 23 Cr Cr mm 1997/98 Lot Vol Day LMt Ouott Ohr Dty Ytd Nat Cw «>< m> U» Wit C—pwy >dtd fOQQi Hm> u» >wyr My C*w >/l $—M Prtct SESDAQ 186 76 2000 ABRHMftpSc 97 unch IS 97 96 96.5 103 3JO 60 0.2 1386 43.1 98 448 76
      1,140 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        HOT STOCK
        59 24  -  by Shiv Taneja CLOB-LISTED Mulpha International closed two cents lower yesterday at 34.5 cents on a volume of 5.61 million shares, compared with its 10-day traded average of 7.8 million units. In the near term, the counter is likely to move sideways, but the medium-term trend is down,
        59 words
      • Article
        Untitled
        194 24 Stocks VoIwm •Renonq Bhd 50c 30,856,000 •M Resources 22,338,000 •Rekapacifk B4i 21,674,000 •MBf Capital 19,163.000 Frt Links 20c 12,949,000 •Pub Bk Foreign 7,282,000 •Berjaya Group 6,700,000 Easyknit HWOc 6,586,000 •MBF Land Bhd 6,425,000 Stacks SPH 33,804,008 OCBC Foreign 33,278,977 S1A Foreign 23,030,837 *M Resources 21,822,965 •Renong Bhd 50c 20,802,400 City
        194 words
      • Article, Illustration
        Currencies, hope of better export growth lift shares
        547 24  -  STOCK MARKET COMMENTARY Baying focused on bine chips as investors seek safety; not many ready to bet the rally will be sustained Wong We i Kong [SINGAPORE] Shares closed higher yesterday as firmer regional currencies and expectations of better export numbers gave
        547 words
      • ON THE GRAPEVINE
        • Article, Illustration
          Lock icon Was this your new Beemer?
          69 24 HERE'S a public service message for those who think the men in blue are just threatening, too busy or just plain too short of staff to clamp cars or tow them away. This picture was taken before lunchtime yesterday in Collyer Quay along a stretch
          CHRIS LOH  -  69 words
        • Article
          Downgrade to a BMW TT?
          74 24 TALKING about Beemers. here's how one wit intends to react to recent tax changes announced by the Land Transport Authority. He's downgrading to a BMW TT, on which no COE has to be paid. If you haven't heard of this particular model of that popular
          74 words
        • Article
          When the going gets tough...
          98 24 IN today's frenetic society, not only do students have to take their exams while they are sick, some employees are working themselves to the bone too. One of our reporters called the head of a listed company's property division on his handphone recently to discuss
          98 words
        • Article
          More splash from the Titanic
          116 24 THIS time it has hit the HK Financial Secretary himself. In a speech to the business community earlier this week, Donald Tsang likened himself to the iceberg instead of the ill-fated ship in the now best known shipping disaster. "Reading and listening to many of
          116 words
        • Article
          Sime Bank – First Choice?
          99 24 Sime Bank First Choice? THIS recently troubled bank, which has seen "a moderate amount" taken out by worried depositors as a result of large losses announced last week, is advertising itself as Sime Bank Bhd The First Choice Bank. With all the goodies they're offering to attract funds, it might
          99 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      91 15 ramoißß!iianTii:Fv wit rsi^T) p|#y;\/ N v inn i Bli t V rrf, <♦- n'U i&i WLl' M :\ii* MM.. V«_ iSpf Our comprehensive range of financial services is p— designed to provide real value to you. Individually designed to meet your special circumstances, our flexible terms and very competitive rates
      91 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      191 17 spgaW— Hb'" zr raj Mrg; <>> <\--..x ~^"<*c v> wl^ >N 7 \o% N V An^ 4|&2^ -—<T\<v Choosing between them is easy, if you know how. For a company to grow and prosper it's more important than ever to employ people with the very best qualifications. A CV may
      191 words
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      Page 17 Advertisements Column 2
      135 17 *****111 i ii I J I The NUS Graduate School of Business combined rigorous business education with a profound understanding oh Asia. MBA general management programme with flexibility for mm to specialise particular area, such as finance or marketing MSc (Management of Technology) programme designed specially for candidates WpTinvolved in
      135 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      78 20 /Hello, C.A.T.sT\ j Wow! N, I'd like to place an f A buyer W I love this car advertisement to M 1 the very I f that I found sell my next day. I through 1 I 3fcL«. The Straits Times J V B yHw Vroom, Classified. Buying or selling
      78 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      34 22 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE C ITI NEVER SLEEPS Branches at I Shenton Way 268 Orchard Road 21 Jurong East St 13 www.citibank.com.sg
      34 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      28 23 <7j7) tjrf I fe C<Ls«.£yL<\C<L jftiit-coitinay. ~k/ ~N®© t'V--' H '-v THE Ri i -Carlton* Kl ALA Ll Ufl K Bali Hong Kong Singapore Osaka Seoul Shanghai Sydney
      28 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      358 24 BUSINESS NotiCeS To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF EXHICON (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company held at 7500 A Beach Road #07-304, The
      358 words
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      Page 24 Advertisements Column 2
      222 24 JACK CHIA MPH LIMITED (Incorporated in Singapore) LOST CERTIFICATE Certificate no. *****5 covering 500 stock units in the name of Chua Kang Siong has been reported lost, mislaid or destroyed NOTICE IS HEREBY GIVEN that new certificate will be issued and the original certificate will be deemed duly cancelled and
      222 words
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      Page 24 Advertisements Column 3
      9 24 Call 1800-737-1166 to place a quick-acting ad r CATS.
      9 words
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      Page 24 Advertisements Column 4
      178 24 Wj Technical I A/Production I Careers M Get the peop/e you need Reach over two million readers in two languages in The Straits Times and Lianhe Zaobao Publication Date Booking Deadline Copy Deadline The Straits Times 25 March noon, 20 March 23 March Lianhe Zaobao 26 March noon, 21 March
      178 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      309 25 Bridge News, Reuters THE transatlantic Panamax grain rate dropped back to US$7.5O as older units struggled to find business in both the north and south Atlantic. Futures dropped again with Apr and May taking the brunt of the falls, Clarkson Securities Ltd said in its daily Biffex report.
      Bridge News,; Reuters  -  309 words
    • Article
      MARITIME STOCKS
      248 25 flHBMHBHHMi n *t- hi DMrMhn _0.72 *0.03 i~ CHuMlHup 044 -0.02 T77 Caacatovattmant-0.79 Fr*M*Unfci 0.335 *0.009 ***** GSHoMlngt 0.31 -0.01 7 NtfSavHup OM9 -O.OOS WT MNacM Zaaan 0.595 *0009 64 WCflaMnti MK5.6 JiyitloWiniH —0.525 *0.019 62 JuronaSNpyard 7.8 -0.1 74 KappalC orp 4.16 *004 1)61 KappalFCLS 4.6 unch
      248 words
    • Article, Illustration
      Lock icon LA port to net US$1b with Evergreen lease
      487 25  -  Lease renewal expected to provide thousands of jobs By] Marcus Hand [SINGAPORE] The Port of Los Angeles has signed a lease contract with Taiwan shipping giant Evergreen Marine that will bring over US$l billion (551.62 billion) and thousands of jobs to the
      FILE PHOTO  -  487 words
    • Article
      Asian yards challenging Europe's dominance in offshore market
      695 25  -  MEWBUILDS By'. David Hughes ONE of the perils of column writing, as your correspondent knows only too well, is that one can put together the most plausible of cases, arguing something or other, just to be totally confounded by events within a
      695 words
    • Article
      PSA's Dalian venture turns around ship in record time
      222 25  -  By\ Felix Chan (SINGAPORE) PSA Corp's flagship overseas joint venture Dalian Container Terminal (DCT) put on a sterling performance last month, turning around a Cosco vessel in record time. The record was set on Feb 22 vfhen TaiHe needed to unload
      222 words
    • Article
      Lock icon Mersey Docks unit eyes Venezuela port
      189 25 Reuters [LONDON] Mersey Docks and Harbour Co said its overseas port consultancy unit has linked up with Venezuelan shipping industry interests in a bid to develop the Port of Guanta. The UK group, which owns Britain's Port of Liverpool and Medway Ports, said its
      Reuters  -  189 words
    • Article
      Hyundai, Wan Hai to start Korea-Middle East service
      132 25 (SINGAPORE] Hyundai Merchant Marine and Taiwan's Wan Hai Lines will launch a container service on the Ko-rea-Middle East trade. Hyundai and Wan Hai will inaugurate the fixed-day weekly service with six 1,700TEU (20-ft equivalent units) containerships with a service speed of 21.5
      132 words
    • Article, Illustration
      Lock icon Top six line up for battle
      1128 26 SHIPPING ALLIANCES The major alliances will assume a new dominance over the developed world's connecting deepsea trades Maritime Asia AS the dust settles over the latest bout of tension and drama surrounding the eight rearranged New World and Grand alliance lines, it is now
      Maritime Asia  -  1,128 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      222 26 PACE Dj* Lloyd 9 ACL 9 Dongnama 7 ANL 3 ECL 5 Accord 8 6 AppcnsMp 5 ocn<! UP 8 Astra 4 GUrt 4 Astro 3 < Mrtrinj 8 Austral 9 Gwshw 9 HaiSunHup 8 Batamlndo 7 Bayswater 7 HcungA 6 ST T
      222 words
    • Article
      SHIPPING GUIDE
      27133 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe T elephone ETA ETA Advertiser T SIN Dest'n Name Name Number Number SIN Dest n Name Name Number Number 13/03 01/0* Hyundai MM MY TBOSTV 301W 65-*****44 A 17/03 00/04 CMA MED NAPLES 2»W 65-*****22 17/03 n/04 Evergreen E. GIVEN
      27,133 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        740 39 Vmd VoyHo Nrtl> Arrtwl Popart uro r.— ss """a? sss ssas ■TZSL S3! S SS iS K LMUT I 0321* J01 iinpni H.OI/040C KM mni joi mm* aovusf IMK 040*0 JOI MM* !2 n 0V02* M sows« am H Mi MvH JOI ««M* n.0V2M» •mm AM OV* JM
        740 words
      • Article
        CONTAINER SCHEDULES
        1401 39 RECEIVING OF EXPORT FCL CONTAINERS ANO LCL CARGO Booklng/BoUnco Rstls Strip Voy Wo Ett/Btr Nftod Froa To froa UMWO M a/2000 M VBOO V*M VBOO tvtsoc nr*y> .-w u vttoo a/om a/om loiwt mi Vim u VBOO tv*«* Sim XT*59 1VB0C voc 10*59 J.WC a WRM O/MH a/o«c
        1,401 words
      • Article
        GLOBAL HOLIDAY
        203 39 Mar 17 United Kingdom: St Patrick's Day. Mat 20 Japan: Vernal Equinox Day. Mar 21 Mexico: Juarez Day. Greece: Independent Day. Apr® Hong Kong: Ching Ming Festival. Apr 7 Brunei.: Hari Raya Haji. Malaysia: Hari Raya HaJiApr* Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday.
        203 words
      • Article
        COCKETT BUNKER MARKET REPORT
        833 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price rangss In US dollars Intt«ed of (Ingle prlcee for more comprehensive description at the market Prlcee shown are based on average slaed stem Market movements are lndlcat ed. The Cockett Bunker Price Index change and the
        833 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        453 39 Cwtwi WO Mil 992.4 14 154 0J4 72 0.04 tors OoMtty INt* BHMM Art ANmMm SM HoMom£25 4 t 1 3 0 0 MO AM 1X2 0J 134 0.0* 23 0.02 U*. 3M Hn 992 J 1.0 N.7 0.14 4« 0.0i m/m %in m/m %oi mm
        453 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Boeing still struggling with production problems
        443 40 US plane manufacturer expects to folly recover by summer Reuters [SEATTLE] Boeing Co continues to struggle with production problems, especially on its next-generation 737 model, but the world's biggest airplane manufacturer expects to be fully recovered by summer, a top executive said on Tuesday.
        Reuters; FILE PHOTO  -  443 words
      • Article
        SIA lowers growth forecasts for next 2 years
        184 40  -  By] Felix Chan [SINGAPORE] Singapore Airlines (SIA) said it has moderated its projections for this year and the next in view of the economic turbulence in the region. "SlA's expectation is that there will be minimal traffic growth for the immediate future
        184 words
      • Article, Illustration
        Lock icon Smart car at ecology show
        54 40 [BONN] German Environmental Minister Angela Merkel standing by a revamped model of the Smart car, produced by the Daimler-Benz subsidiary Micro Compact Car, (MCC). The Smart car is one of many items shown at an exhibition called 'Design and Ecology' which was opened by Ms
        REUTERS  -  54 words
      • Article
        Lock icon Delta Air to buy small stake in Peru's largest carrier
        473 40 Bloomberg [LIMA] Delta Air Lines agreed to buy a minority stake in Aeroperu, Peru's largest airline, as the US carrier expands in Latin America, a fastgrowing market now dominated by rival American Airlines. Terms of the transaction were not disclosed,
        Bloomberg  -  473 words
      • Article
        Lock icon KLM keen on tie-up with Cathay
        139 40 Reuters [AMSTERDAM] KLM Royal Dutch Airlines said on Tuesday it was interested in discussing a partnership with Cathay Pacific Airlines, but declined to say whether talks had begun. "We would be interested in discussions with Cathay Pacific. We are interested in partnerships in the
        Reuters  -  139 words
      • Article, Illustration
        Lock icon Room for bilateral ties outside of global alliances
        608 40 Air NZ to maintain links with JAL while paroling Star Alliance membership Reuters [TOKYO] Although airlines are rushing to join a handful of competing global alliances, this does not mean they must sever ties with carriers in rival groups, Air New Zealand
        Reuters; FILE PHOTO  -  608 words
      • Article
        Lock icon Samsung . plans to make Ford cars as part of alliance
        314 40 Samsung plans to make Ford cars as part of alliance Bloomberg [SEOUL] Samsung Motors Inc said it plans to produce Ford Motor Co cars at its new plant in Pusan as part of a business alliance between the two companies. Les Dae Won, vice-chair man of the fledgling Korean car
        Bloomberg  -  314 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1405 40 CITY HJ6HT CT* rudff ETO 1 mmm arm tm >»*■ ***** <*» 1 MM 1*7381 1930 8*7382 2050 ***** 835 8*7305 2220 Of SI "30 0F82 2050 WJ™ S0229 2220 1*7306 1M0 SO324 2355 Amtefi* *1843 0550 2335 —MB S025 0700 fttwii Sfllll <730 S0990 Off
        1,405 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      17 25 Top 6 shipping alliances line up for battle They will dominate world's connecting deepsea trades. Page 2
      17 words
    • Advertisement
      Page 25 Advertisements Column 2
      79 25 SINGAPORT '98 24 27 MARCH 1998 ASIA'S LARGEST MARINE EQUIPMENT TECHNOLOGY SHOWCASE Reach the world's Buyers and Suppliers in our special supplement in Shipping Times on 24 March 1998 T.ike your position it this marketplace in our exclusive Advertising Feature targeted at this ready group of buyers For enquiries and
      79 words
    • Advertisement
      Page 25 Advertisements Column 3
      17 25 Boeing still struggling with production woes US plane manufacturer expects to fully recover by summer. Back Page
      17 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      716 26 VKSfI I VOT OAK VAM j StA LA SIN VtSHI JU MM UK KAt COi PW SW vhimsamtta oiwso* m/ohvumh is/iT] M/n 555 00/03 13/03 10/w 23/03 20/03 1 1 1 SUPER SHUTTLE EXPRESS PtO NEOUOYD DAMMAN 241 13/03 IS/03 U/OJ 20/03 24/03 30/03 31/03 Sa £rz PftOWOIOAJ 251 27/W
      716 words
    • Advertisement
      Page 26 Advertisements Column 2
      603 26 Lines services representee •ISI-I by Members of the Registry of Accredited Shipping Agents V'lty Singapore Shipping Association Members of the Retrieve More Information On Sailings 24-Hours-a-Day Through Our Fax-on-Demand System from The Shipping Guide To Use This Free Service, Just Call 740*6000 EXPORT 3 x Japan -2 x Hongkong •1
      603 words
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      Page 27 Advertisements Column 1
      1054 27 SAX SERVICE (DIRECT) Vtssa VOYSWtUIAX OAK Mi HOU (Hi CO jjjM AQ. Aft JAM 0011 11/03 26/03 31/03 31/03 01/04 01/0* 01/0* AW GARNET 001E U/03 02/04 07/04 07/04 08/04 08/04 Jjj/jH 08/04 09/04 09/04— NOl TURQUOISE OlSt 2S/03 11/04 14/04 14/04 15/04 15/04 15/04 15/04 16/04 16/04_ AftSPVG. 01K
      1,054 words
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      Page 27 Advertisements Column 2
      2353 27 HANJIN SHIPPING USA CANADA* Fotvsi/yor mm sm umnmh/vot f sea nw on roil oi mr m on mem m iwi rv* tul m H. FBJISTOVW 030E 13/03" 15/03 DMECT 03/04 04/04 05/04 05/04 04/04 04/04 07/04 00/04 01/04 01/04 04/04 05/04 04/04 04/04 H- FBIXSTOWI OX 13/03 15/03 C-CHANCE/102E 00/04
      2,353 words
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      Page 28 Advertisements Column 1
      990 28 <CT DSR-SEMA TOR ill Round the World Container Services EVERY SUNDAY 17 DAYS TO LONG BEACH 19 DAYS TO SEATTLE 21 DAYS TO OAKLAND NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****10 FAX: *****30 TLX: RS ***** FOR ENQUIRY/BOOKINGS: JENNYIAY CHOQCATHERINE *****44/44*43 PORT KLANG- SLNARAN MALIM SDN BHD TEL: 0M*****8 (S
      990 words
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      Page 28 Advertisements Column 2
      1233 28 MY LJNE Internet Web Srte http: //www.yml.com.tw flmkXikA** f*. v IJUJU/Jl'lilH'i.-Hl:l><il'Ul l IJ'l/iJII:lllJ^IIM>lil'WI IJ'JiiMJm^'jJ;!iH.^J:l l jl>Tl ARRIVAL RXEO DAY-TUCSOAY VESSEL VOY LEH FXT HAM ANR HFA SIN MING GALAXY ABO4E SLD SID SLO SLO SLO 17/03 GIBRALTAR B ABOSE SLO SLO SLO SLO SLO 24/03 MING GLORY ABO6E SLD SLD
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      Page 28 Advertisements Column 3
      573 28 JESSELTON LINE *ser A Ttll *****56 FAX! as* 21 1 2 MUARA LABUAN vtssti vor rro n* vtssa voy nv iu SPOKE MUAJU SPOK UN iPtOSIW VO7I/98 13/03 14/03 J-WOSW VO7I/W 13/03 17/03 APIH GlOtT VO7I/W 17/03 20/03 AmOQtT YO7l/W 17/03 71/03 IPtOSPB VONE/W 21/03 25/03 JJWSM 22/03 24/03 APMOOtT
      573 words
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      Page 29 Advertisements Column 1
      1645 29 [vessel voy sin bkk pqu pkg pen blw sur ba bik IRAN SHOJAAT PJL-1271 16/03 24/03 i RAN TEYFOORI 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. TAOZHIKISTAN GEORGIA VIA B. ABBAS, BIK AGENT IN SINGAPORE AGENT IN
      1,645 words
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      Page 29 Advertisements Column 2
      2492 29 LIVERY MONDAY 1 DIRECT TO JAPAN I KOBE •7 DAYS I NAtOYA DAYS I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #17-08MSBU>G SAIIS/RKGS *****41/43 INWARD DEPT (o/o) *****8S COSTAR AGENCIES (M) SDN BHD |(R WO: **********0 M TOWER TWO
      2,492 words
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      Page 30 Advertisements Column 1
      1510 30 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW MSG PKL SGP E ROYAL RW-036 14/1)3 03/04 08/04 04/04 00/04 07/04 04/04 E GLOWING RE 043 20/02 19/02 21/02 22/02 10/03 E REPUTE RW 013 21/03 10/04 15/04 11/04 13/04 14/04 15/04 E GAINING RE-062 23/03 25/02
      1,510 words
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      Page 30 Advertisements Column 2
      1390 30 am MflC-MELS S'POBE M'Slfl I Carrier: MN CONTR LINES, INC I IYVY I CM NO; **********0 C SIBU: (084) *****9 MANILA: (632) *****24 v 7 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (082) *****1-3 MANILA GINOA/ll HARvi
      1,390 words
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      Page 31 Advertisements Column 1
      571 31 i BSA iL. mm. MYANMA ™HBk FIVE STAR LINE (Myoanar National Lint) loading for Yangon (Rangoon) VESSEL VOY SIN PKG PEN PGU AVA 146W Sit PAGAN 2S4W 18/03 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL m 02 03-*****00 PKL TEI 02-03-*****01 PEN: TEL 02-04-*****02 PGO: TEL 02-07-*****21/4 BANK LINE (A strvict
      571 words
    • Advertisement
      Page 31 Advertisements Column 2
      1255 31 lik HYUNDAI I MERCHANT MARINE CO. LIP. IVESSn VOY ISM I SOU UH HTM ANT HAH BRV FH IVESSB VOY I SOU I lEH RTM AWT HAW BRV I B I SM I DANUK 303W 12/03 30/03 07/04 04/04 02/04 HY ADMMAL 31 IE 16/02 21/02 18/02 19/02 12/03 TYNE
      1,255 words
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      Page 31 Advertisements Column 3
      972 31 SJSm specked a^ccx^ TO NORTH AND LATIN AMERICA VESSEL VOT RAMP HEIGHT SIN LAX CRI MIA SAV BAL OV NYC NIW MM TOURGO4NG FM6 400 Tom ~6JM ***** 11/04 W« 22/04 24/04 26/04 27/04 28/04 03/05 04/05 TAPKHA FBO7 400 Tom 6.3 M 21/03 22/04 01/ OS 04/0S 06/05 Oft/OS
      972 words
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      Page 32 Advertisements Column 1
      943 32 BANQKOK/LAEM CHABANQ JAKARTA/PAHJAWO VESSEL VOY SIN iKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 360N8 In Pt 15/03 XETHA BHUM ***** In Pt 14/03 YANTRA BHUM 231N 14/03 18/03 XETHA BHUM 227S In Pt 14/03 KITI BHUM 4SN 15/03 18/03 18/03 GURU BHUM* 69S 14/03 17/03 ACX RUBY 17N
      943 words
    • Advertisement
      Page 32 Advertisements Column 2
      412 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu I Muara V|SSfl VOY SIN |TU V|SSEL VOY SIN MUA SSerw V9BOSE 14-17/03 21/03 Wosf 14IS/03 20/03 IStno V9806E 28 29/04 03/04 M Jode V9804E
      412 words
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      Page 32 Advertisements Column 3
      556 32 A ACCORD A SHIPPING PTE LTD Yll: ***** IS (40 Lines) FAX *****30 KKTkIANG (03)*****01 J7 DIRECT ACCESS TEI: *****53 (EXPORT BOOKING) MM GUOAHG (07)*****77 *****34 (EXPORT DOC), *****39 (IMPORT) HMAHG (04) *****44 URL:HTTP://WWW.ACCORD.COM.SG JAKAMTA (21)*****70 POUT ITA SIN POKT IU SIM PORT ITA SIN POUT IT* SIN (FAR EAST)
      556 words
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      Page 33 Advertisements Column 1
      401 33 W INDONESIA NATIONAL LINE TO EUROPE "1 PYDocroft ftrimi 881/KTB MiiiCnrDCi I OCnVIvC Tsi VOY |7PORE A DAM/* OA* |H BURG I BREMEN I ANTWERP A VESSEL 42W8 27/3 1/4 OMIT 5/4 TO AUSTRALIA FULL CONTAINER SERVICE vs. WW prsri w k sw in w w VILE OE CAffliA V
      401 words
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      Page 33 Advertisements Column 2
      1112 33 ADVANCE CONTAINER LINES (PTE) LTD 22ZZZ23 A O I 1«° Cecil Street. #12-00, PIL Building, Singapore *****0 IZ .rA V-f Li TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. 1653a*****0E OPERATIONS: *****60/ *****05 BANGKOK JAKARTA (Weekly 5 Slgs PAT/ 2 Slgs LCH/1 Slg BMT) H vregi VOY SM
      1,112 words
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      Page 33 Advertisements Column 3
      932 33 VESSELS VOY I JED I MLA LEH HAM THP RTM ZEE VILLE DE NORMA N24W 1W 22A0 27/03 02AM OSAM 02/04 QW 03/04 VILLE OE GEMINA H24W 19AJ3 27/03 01AM 06/04 06/04 10/04 10AM 11/04 VH-LE D'ORION Y74W 24/03 01/04 06AM 12AM 13AM 15AM 16AM 16AM VU-EDE TANYA T2SW _01A>4_
      932 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      59 36 To retrieve more schedules, just follow these simple steps... document a l 740-6000^^^P^| tep will be faxed M M Wjioym* 1 Press 1 w J Select the port I Step key in the four 9 Johone number /f QJ digit code Key in your Example: t—*—i fax number To NEW
      59 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      123 39 UMNO: R Thundorstorm Tomporoturo c X\ V Showor WootHor _X Wind dvoction with spood in knot! oo Rom Cloudy Sky Wovo ho*ht Sorfoco iU or* indicotod by orrowt wfcich Hy witfc tfco wind C*) Ono fuK drdo roprosonts coim or light ond vorioWo wind* 1 On* hoW ftocho roprworrt* 5
      123 words
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