The Business Times, 9 April 1998

Total Pages: 40
1 40 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 110/12/97 85<t SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, APRIL 9, 1998
    14 words
  • 56 1 OShLn (+23.16) □as** □sou, Nnai LJ74MO (+8.73) niAUBTHMDe Him STOCK HABKET INDICES Wednesday Change KLSECOMP MC28 +411 NIKKEI +H7JQ HANOSENG 1 UM.«_+*M» SET INDEX 444.B +14JI JAKARTA COMP 530.04 +190 MANILA COMP _2.1H.47 +M.12 TAIPHWPI UOL44 -M4 SEOUL COMP 46U8 -U» CLSA CHINA B Ml.47—__1LM AUSTAliiORD ISISi +18.7
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  • 69 1 PBKEXIATE8 US$ S) USt LIN S(US*S$prf) 1.671 2.889 DM 1 M7? yen 133.2 \mr us tm aui HKS 7.7« U« BAHT 4052 O.M# RUPIAH e.iir FUME BATES SINGAPORE* 7J1 KUALA LUMPUR UJ| JAKAREA SMI BANGKOK 1475 MANILA n,m HONGKONG HLS tMPH_ m SYDNEY 8.46 tokto in SEOUL 14.9( ZURICH
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  • 1308 1  -  Sneak preview sees economy contracting 4%, inflation at an optimistic 17% From From SNVasuki in Jakarta and Anthony Rowley in Tokyo INDONESIA and the International Monetary Fund (IMF) have reached agreement on a revised letter of intent on economic reforms, but full
    AFP  -  1,308 words
  • 768 1  -  US, IMFpolicy prescriptions anger Japanese officials From Anthony Rowley in Tokyo JAPAN'S parliament yesterday enacted the regular budget for fiscal 1998, opening the way for the government to announce new economic stimulus measures, which it is expected to do before the
    768 words
  • 311 1 Reuters [SYDNEY] Australia, it seems, is up in arms. Union power and worker solidarity fused into a demonstration of utter defiance across the country's cities yesterday. Burly builders marched alongside angry nurses and teachers as they came out in support of
    Reuters  -  311 words
  • 285 1 Citicorp-Traveler merger raises question on salary levels of joint chiefs Bloomberg [NEW YORK] Same job, same pay. What that means is that since the heads of Citicorp and Traveler Group will become joint chiefs of their merged entity, the lower paid of the two
    Bloomberg  -  285 words
  • 401 1  -  By. Lu Ning [SINGAPORE] Despite the regional financial crisis, Singapore investment in China registered a surprisingly robust 16.5 per cent growth last year, official Chinese statistics show. Singapore investors pumped a total of US$2.6l billion (554.2 billion) into China in 1997, up
    401 words
  • Page 1 Advertisements
    • 129 1 fcMii ■hiwttha jift A developer of two projects in the Thomson area is trying a new tack, 14 K Btftfeaf theUka Authorised agents are again giving parallel importers a run for their money, PgM v-'*-.- Ctomikmui Idwific&tiHMt In BT*s report "CityDev offer can't be used for 20% cash payment" on
      129 words
    • 14 1 More strike reports. Shipping Times Pg 1 Smaller European banks' focused approach, Pg 18
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    • 528 1 Japan must restore confidence. Editorial Pg 12 |fD| hswlsttH a±.\ MBli PACKAAO 45^ iMmy y/^-isalKig\\ x A\ M H f\ WB 1 <nHll.lliai jm^''' j^^V f HPJatfMrvet3ooX I /lyiiL PrM Swvsr The new front-runner for 10/100TX networks. Putting your office on the fast track has never been easier. Simply upgrade
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    • 9 1 China lists key areas for foreign investment, Pg 9
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  • SINGAPORE AT HOME & ABROAD
    • 405 2  -  200,000 long-haul visitors expected to accept offer aimed at US, Japan, Europe By Frances Lui SINGAPORE Airlines (SIA) has launched a stopover package featuring one night's stay in a hotel for just US$l (551.60) in a drive to boost the number of
      FILE PHOTO  -  405 words
    • 374 2  -  It is the result of getting our policies right over the years, says DPM Lee By\ Soh Tiang Keng SINGAPORE has escaped the worst of the regional financial crisis because it has got its policies including its emphasis on close labourmanagement ties right over
      374 words
    • 248 2 VOLUNTARILY raise the retirement age to 62 before it becomes mandatory from Jan 1, 1999, the Ministry of Manpower (MOM) urges employers and unions. And to encourage employers to do so, those who hire workers above 60 years old now can
      248 words
    • 141 2 EMPORIUM Holdings group managing director Teh Ban Lian has been re-elected as president of the Singapore Retailers Association. Also returned for another two-year term at SRA's recent 20th annual general meeting were previous office bearers. The Hour Glass managing director Jannie Tay and CK
      141 words
    • 279 2  -  EYE ON THE ECONOMY Commerce By. Frances Lui FOOD and beverage revenue fell 4.5 per cent in January, in line with the general state of decline in the industry over the past year, preliminary figures from the Singapore Tourism Board show. Total F&B revenue
      Source: STB  -  279 words
    • 413 2  -  Integrated services operators need to provide both By Catherine Ong THE future for telecommunications lies in a combination of fixed-line and wireless networks, according to Matti Alahuhta, president of Nokia Telecommunications. In an interview in Singapore recently, Mr Alahuhta said: "The wireless industry
      413 words
    • 209 2 THE Lum Chang group, jointly with Waterbank Properties and the Comfort group, will launch Summerdale, a 432unit executive condominium project in Boon Lay, on April 25. The project will have 400 apartments and 32 maisonettes, with average unit sizes of about 1,200
      209 words
    • NEWS Roundup
      • 67 2 THE Supreme Court announced yesterday the posting of all significant speeches delivered by Chief Justice Yong Pung How since July 31,1996, on its Web page. This development follows the publication of the chief justice's speeches and will be a convenient and easily accessible source for study
        67 words
      • 90 2 THE Straits Times has launched a Readers' Pick of the Press Awards to honour advertisers and ad agencies for excellence in newspaper advertising. There are four preliminary rounds and the Grand Finals will be held on July 19. Advertisers and advertising agencies will compete for one
        90 words
  • Page 2 Advertisements
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  • FOCUS: PROPERTY
    • 525 4  -  Developer of Birmingham Mansions and Novena Lodge to sell remaining units of freehold projects this way By Jenny Lam [SINGAPORE] THE developer of Birmingham Mansions and Novena Lodge in the Thomson Road area is trying to sell unsold units in both freehold projects on an
      ARTHUR LEE  -  525 words
    • 343 4  -  Unsold units of Villa Verde could have roof terraces By Diana Oon [SINGAPORE] Keppel Land is considering changing the design of about half the remaining unsold units in Villa Verde, its 99-year landed project in Choa Chu Kang. The last 80 units in the project could
      343 words
    • 561 4  -  Perception of growth makes property owners think twice about selling From] Bruce Cheesman in Bangkok THE sudden strengthening of the baht has led to another headache for foreign investors seeking a foothold in Thailand's real estate sector property owners are now thinking twice before selling.
      561 words
    • 1158 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Dec 8, 1997 and Apr 4, 1998 PROJECT NMK/ PROP CONTRACT TENURE MLT-W PRKE PSf STREET NAME TYRE DATE LAND AREA* (SOT) (SS-000) fSS) District 11 Non I anrlari Asimont Gdn
      1,158 words
  • Page 4 Advertisements
    • 170 4 INDUSTRIAL PROPERTY FOR SALE I CENTRAL I I LOCATION Built-in 360,000 sq ft Land area 230,000 sq ft Tenure Balance 33 years No ground rent payable 3 mins walk to MRT Within established housing estate Main road frontage Suitable for light/high-tech industries Sale lease back or vacant possession For more
      170 words
    • 79 4 19TAI SENG DRIVE FOR SALE BY TENDER Description* 6-storey purpose-built light industrial building Built-in Area 89,245 sq ft (approx) Land Area 42,314 sq ft (approx) Tenure JTC leasehold, 30 +30 years w.e.f. 1 January 1991 2 entrances facing Tai Seng Drive Close proximity to PIE, Paya Lebar and Eunos MRT
      79 words

  • SOUTH-EAST ASIA
    • 464 5  -  They will jointly develop three petrochem-based projects in Trenggura From. Ruth Wong in Kuala Lumpur MALAYSIA'S national oil corporation Petroliam Nasional Bhd (Petronas) and America's Union Carbide Corporation (UCC) will jointly invest some US$2 billion (553.2 billion) in three petro-chemical-based ventures in the eastern
      AFP  -  464 words
    • 317 5 HANOI Ad agency receives licence to team up with local affiliate AFP AMERICAN advertising agency Leo Burnett has received a licence from Hanoi, making it the first foreign agency allowed to do business directly in Vietnam, the government said yesterday.
      AFP  -  317 words
    • 178 5 PHNOM PENH AFP THE UN will coordinate international monitoring of Cambodia's July elections despite grave reservations, Secretary General Kofi Annan said in a letter to deposed copremier Prince Norodom Ranariddh seen yesterday. "I wish to inform (you) of my decision to accept the
      AFP  -  178 words
    • 154 5 BANGKOK AFP THE Thai foreign ministry has quizzed three foreign diplomats about unregistered luxury cars amid a crackdown on vehicle smuggling, reports said yesterday. The ambassadors of Turkey and North Korea, and the charge d'affaires of Lebanon were summoned to the ministry to explain
      AFP  -  154 words
    • 426 5 KUALA LUMPUR Action will be taken if there are elements of fraud, breach of trust, he says AFP MALAYSIA'S central bank Is conducting a comprehensive Investigation Into the possible acts of fraud or breach of trust, Finance Minister Anwar Ibrahim said yesterday. "Appropriate action
      AFP  -  426 words
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  • MARKETS IN TURMOIL
    • 642 6  -  Interest rates, now highest in a decade, worsening liquidity squeeze By Bruce Cheesman in Bangkok A NEW round of interest rate hikes by leading commercial banks has come as another body blow to Thailand's reeling corporate sector. Interest rates, with the
      642 words
    • 462 6  -  Move prompted by Jakarta's new accord with IMF From, Anthony Rowley in Tokyo JAPAN last night greeted news of the new pact between Indonesia and the IMF by announcing that it would immediately free up a package of trade and other Japanese
      AFP  -  462 words
    • 400 6  -  Nine international firms in running for USs3m contract By: Bruce Cheesman in Bangkok THAILAND'S sale of its staterun companies has taken another step forward with the government to appoint a top overseas consulting firm as its privatisation guru. Nine leading international consultants are vying
      400 words
    • 260 6 AFP [BANGKOK] About ISO Asian banks are technically bankrupt and many should be left to die so that countries hit by the regional economic malaise can start to rebuild, a report said yesterday. Thomson Bank Watch Asia president Philippe Delhaise said research showed
      AFP  -  260 words
    • 496 6  -  Region's growth likely to fall to 1% this year, says Escap By Audrey Tan [SINGAPORE] The Southeast Asian economies will regain their dynamism only in the new millennium, says a survey by a United Nations agency. The region's growth is likely
      496 words
    • 217 6 Unexpectedly early move seen to boost investor confidence Reuters [SEOUL] South Korea will fully lilt a ban on foreign hostile takeovers of domestic companies in the first half of this year, the finance ministry said yesterday. Hostile takeovers are virtually unheard
      Reuters  -  217 words

  • Page 7 Advertisements
    • 579 7 CitiSelect Funds For the first time in Singapore, seven top-ranked fund managers are accessible to everyone through one portfolio of funds. jfl They could be working for you too. Because when you invest in critical decisions on the optimum mix of those asset classes. We call this And if you
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  • Page 8 Advertisements
    • 145 8 p\ Just how manyfree insertions can you win in The Straits Times Readers' Pick of the Press Awards? ,i hori J -*Uvi*Ki i Jliw i B That's right, 8 free ROP insertions. Or 2 merit prizes of 4 free insertions each. That's what you, the advertiser, stand to win when
      145 words

  • CHINA-HONGKONG-TAIWAN
    • 218 9 BEIJING Reuters MORE than 400 stockbroking firms and 100 paging providers have had their services disrupted by a problem with the Apstar-I communications satellite, the official China Daily reported yesterday. Electromagnetic signals 100 times stronger than normal have been bombarding the satellite since
      Reuters  -  218 words
    • 440 9 BEIJING These include hi-tech pharmaceutical industry and the info superhighway AFP, Reuters CHINA has prepared a document listing future priorities for foreign investment in major high technology and construction projects to the year 2010, reports said yesterday. The so-called White Paper
      AFP,; Reuters  -  440 words
    • 424 9 HONGKONG AFP CHINA'S official Xinhua news agency has been accorded the privileges of a state body exempting it from Hongkong laws after the passage of a controversial bill, solicitorgeneral Daniel Fung said yesterday. The Hongkong government had recognised the Hongkong branch
      AFP  -  424 words
    • 733 9  -  CHINA WATCH Bra's leadership likely to mark turning point In China's ties with Weat By Lu Ning IN a light moment during his first press conference after being elected premier, Zhu Rongji, fielding a difficult question from a Time magazine reporter, commented instead on the picture
      733 words
    • 366 9 BEIJING Improved Jan, Feb sales follow 3 years of stagnation AFP THE property market in China has blossomed in the first two months of this year after more than three years of stagnation, according to government figures published here yesterday. In January and February,
      AFP  -  366 words
    • 236 9 TAIPEI Project would have housed petrochem complex, steel plant Reuters TAIWAN has turned down a plan to develop a major industrial zone housing a petrochemical complex and a steel plant because the project failed to meet environmental requirements, officials said yesterday. Officials
      Reuters  -  236 words
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  • ASIA
    • 250 10 TOKYO Present constitution seen inadequate to deal with problems Reuters A RECENT poll of Japanese voters said more than half want their constitution changed, mainly because they feel it is not capable of dealing well with current problems, a Japanese newspaper said
      Reuters  -  250 words
    • 362 10 NEW DELHI Former Tamil Nadu speaker accused of amassing wealth AFP A MINISTER in India's new Hindu nationalist-led minority coalition government resigned from the cabinet yesterday after being charged with corruption, officials said. Surface Transport Minister Sedapatti R Muthiah quit 20 days after being
      AFP  -  362 words
    • 590 10 TOKYO Decline comes in the wake of a slump in consumer spending, cot in production Bloomberg [TOKYO] Japanese domestic wholesale prices fell 0.4 per cent in March from February as consumer spending slumped and manufacturers cut production, even as a survey found that
      Bloomberg  -  590 words
    • 333 10 SEOUL Proposed bilateral talks with N Korea first in four years Reuters SOUTH Korea yesterday formally accepted Beijing as the venue for direct talks with North Korea on Saturday, the South's unification ministry said. "We still believe it is not desirable
      Reuters; AFP  -  333 words
    • 175 10 TOKYO AFP BANK of Japan governor Masaru Hayami said yesterday he regretted the way an interview he granted to Britain's Financial Times was handled, but did not deny its accuracy. Mr Hayami said he regretted the content of the story reporting that he called on
      AFP  -  175 words
    • 337 10 SEOUL 22trillienwen inject hat nisei a stern of cntrvwiy AFP SOUTH Korea's controversial super-train project won the go-ahead from the government yesterday despite resistance prompted by massive cost overruns amid the country's financial crisis. "Utmost efforts must be made to finish constructing the
      AFP  -  337 words
  • Page 10 Advertisements
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  • THE WORLD
    • 512 11 PARIS Botaii banking likely to bear brant of cuts as industry consolidates Reuters THOUSANDS of jobs could be lost in the European banking industry as a result of the introduction of the single currency, with one estimate putting the
      Reuters  -  512 words
    • 161 11 BASEL Bloomberg THE US economy is showing a "good level of job creation", even as the unemployment rate unexpectedly rose in March, said William McDonough, president of the Federal Reserve Bank of New York. Speaking to journalists at a seminar at the Bank
      Bloomberg  -  161 words
    • 231 11 WASHINGTON Bloomberg BORROWING by US consumers accelerated at a faster-than-expected pace in February as credit card and debt piled up, Federal Reserve figures showed. Borrowing rose by US$7 billion (5511.3 billion) for the month to U551,244 trillion after rising a revised US$4.6 billion
      Bloomberg  -  231 words
    • 398 11  -  Blackstone to tarn famous London hotel into intl chain From Neil Behrmann in London LONDON'S famous Savoy hotel has been sold to American buyers for £520 million (Ssl.4 billion), ending its century of independence. The privately owned Blackstone investment firm from New
      REUTERS  -  398 words
    • 642 11 OECD ECONOMIC OUTLOOK REPORT Bnt other members seen better able to weather Asian crisis AFP [PARIS] The OECD yesterday cut its economic growth forecast for industrial countries in 1998 to 2.4 per cent from a December forecast of 2.5 per cent,
      AFP  -  642 words
    • 525 11 Asian' 99 prospects better if govts cany out tough reforms Reuters [SINGAPORE] The OECD said yesterday it saw a bleak year for crisis-hit Asia with recessions in Indonesia and Thailand, and other roaring Tiger economies of the recent past reduced to a crawl. But
      Reuters  -  525 words
  • Page 11 Advertisements
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  • EDITORIAL & OPINION
    • 718 12  -  THE bottomldie OPINION By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT THERE has been some question in
      718 words
    • 207 12 'In some cases, investors would have been better off buying a 'call' if they could on the CEO's earnings than investing in the company's funds.' -Graef Crystal editor of the Crystal Report, a newsletter covering executive pay, on the high salaries of executives who run mutualfunds. A
      207 words
    • 622 12 EDITORIAL CONVENTIONAL wisdom in the United States and Europe is that Japan should do its utmost to stimulate domestic demand and also import demand, so that crisisafflicted Asian countries have a market for the goods they need to export to get their economies moving again. Japan,
      622 words
    • 986 12  -  To reverse economic slowdown, it should lower the interest rate and the cash reserve ratio By. Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT THREE grave problems beset the Indian economy today. The most
      FILE PHOTO  -  986 words
    • 882 12 Protesters who disappear THE violence accompanying the student demonstrations which have erupted in various cities throughout Indonesia over the past couple of weeks is most certainly to be regretted. It is lamentable that injuries have been inflicted on those involved on both sides protesters on the
      882 words
  • Page 12 Miscellaneous
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      37 words

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  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • 430 14  -  Honda distributor Boon Siew's scoring against parallel imports, says Christopher tam CHRISTOPHER TAN PARALLEL importing of motorcycles has long been big business here. Up to as recently as 1995, grey importers made up more than 50 per cent of the bike market. At one point, it
      CHRIS LOH  -  430 words
    • 476 14 Trade veteran also says parallel importers have a life span of just 5-6 years STEVEN CHEN of Choong Kok Agency is one of the most vocal anti-parallel import "lobbyists" around. "The idea behind allowing parallel imports may be good, but I can tell
      ARTHUR LEE  -  476 words
    • 948 14  -  Half a centnry after the first vehicle went on sale, over 2m have been sold By David Jones Reuters [LONDON] It all started on a North Wales farm with a chat between two brothers, and spawned 50 successful years for the world renowned four-wheel drive
      Reuters; FILE PHOTO  -  948 words
  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 425 15  -  Uniphoenix seen becoming minority shareholder alter restructuring From, Eddie Toh in Kuala Lumpur SINGAPORE'S Phillip Securities is expected to end up with 49 per cent in ailing Halim Securities, now controlled by Soh Chee Wen's Uniphoenix Corporation Bhd. Sources close
      425 words
    • 273 15  -  Talk is that company will broaden its business portfolio By. David Boey (SINGAPORE] Singapore Technologies Capital shares shot through the $1 level yesterday to close at a 19-week high of $1.05, with 3.25 million shares traded some 46 times more than on Friday. Market talk
      273 words
    • 117 15 [SINGAPORE] Piling contractor CSC Holdings' initial public offer was 4.68 times subscribed, the company said yesterday. The public offer of 7.5 million shares of 25 cents each attracted a total 0f4,359 applications. In all, 35.1 million shares were applied for. Besides the public offer, CSC
      117 words
    • 195 15 [SINGAPORE] Tat Lee Bank has been struck off the Central Provident Fund (CPF) Board's trustee share list as of today because it reported a loss for the year ended Dec 31, 1997, the board said yesterday. Tat Lee, which is
      195 words
    • 915 15  -  HOCK LOCK SIEW R Sivanithy WHAT price cash in a collapsing stock market? This must be the perplexing question which holders of newly-listed Inchcape Marketing Services (IMS) shares are asking themselves these days. These shareholders have had the frustration of watching their investment
      915 words
    • 440 15  -  Hy\ David Boey [SINGAPORE) Singapore's smallest initial public offer to date kicks off at noon today with Tai Sin Electric Cables Manufacturer's offer of 25 million new shares at 13 cents each. Of the new shares, nine million will
      440 words
    • COMPANIES
      • 118 16 [SINGAPORE] Hotel Plaza yesterday said its poorer-than-expected full-year results were due to weaker sec- ond-half occupancy rates. This in turn was a result of a drop in tourist arrivals be- cause of the regional financial problems. The group also said the start-up losses from
        118 words
      • 359 16 Lower profits from HE hotel ops and property sales blamed for fall AFP [HONGKONG] Hongkong conglomerate Wharf (Holdings) Ltd said yesterday its 1997 net profit dropped 15.7 per cent from a year earlier to HK$l.BB billion (*****.1 million). Wharf, which also
        AFP  -  359 words
      • 85 16 [TOKYO] Seiko Instruments Inc development section staffKazuhiro Koyama wearing the world's first wristwatch personal computer which was unveiled here yesterday. The wristwatch, called the Ruputer, can download data that includes text and picturesfrom other personal computers, and it will be sold with three software applications
        REUTERS  -  85 words
      • 232 16 RCBC not ruling out a second bid if conditions are right Bloomberg [MANILA] Rizal Commercial Banking Corp (RCBC), controlled by Philippine ambassador to Japan Alfonso Yuchengco, yesterday withdrew its offer to buy the shuttered Orient Commercial Banking Corp from the family of retailer Jose
        Bloomberg  -  232 words
      • 217 16 AFX-Asia [HONGKONG] Jilin Chemical Industrial Co Ltd is expected to face some "adversity" in 1998 with no sign of recovery in prices of the company's products, company director Lu Qirong said. He said the company plans to increase production capacity and
        AFX-Asia  -  217 words
      • 194 16 Bernama [KUALA LUMPUR] Kris Components Bhd has entered into a Memorandum of Alliance (MoA) with Neyr Plastiques Holding, Snop-Dunois FSD and Amtek Engineering Ltd on Monday, to co-operate in developing their respective computer casing manufacturing capabilities. In an announcement yesterday, Bumiputra Merchant
        Bernama  -  194 words
      • 540 16 But bank has said it believes US banks are overvalued AFX-Asia [HONGKONG] HSBC Holdings Ltd shares were sharply higher yesterday on rumours that the company may tie-up with US banks following the planned merger between Travelers Group and Citicorp, dealers
        AFX-Asia  -  540 words
      • 151 16 AFX-Asia [HONGKONG] Joyce Boutique Holdings Ltd said the group has made no decision to close its operations in the Philippines. In a statement, the group said it has invested HK$2O million (5J4.2 million) in its Philippine operations, adding that a provision will
        AFX-Asia  -  151 words
      • COMPANY Briefs
        • 43 16 [SINGAPORE] Ipco International has subscribed for another 2.23 million new $1 shares In its wholly-owned subsidiary, Ipco Constructors Private Limited (ICPL), for $2.23 million cash. Ipco now owns the entire issued capital of million shares in ICPL.
          43 words
        • 43 16 [SINGAPORE] Kay Hian Holdings Ltd has acquired a new subsidiary in Hongkong, to be known as Kay Hian Overseas Securities Ltd, for its scockbroking and investment services. The new unit was previously known as Etson Company Ltd.
          43 words
        • 56 16 [SINGAPORE] Pacific Century Regional Developments has obtained two new loans. The first is a US$lOO million (Ssl6o million) secured term loan facility arranged by the Hongkong and Shanghai Banking Corp and the other, a US$25 million banking facility from United Overseas Bank. The ftinds
          56 words
        • 64 16 [SINGAPORE] Huan Hsin Holdings Ltd Is teaming up with other Taiwanese parties to cultivate flowers by b iotechnological methods in Taiwan. The company intends to invest NT|7O million (513.4 million)— representing 7 per cent of the proposed share capital of the new company—through a wholly-owned
          64 words
        • 57 16 [SINGAPORE] Wee Poh Holdings Ltd has clarified that it expects a power second-half performance, while still remaining profitable, because several anticipated projects did not materialise or were delayed, and the current economic slowdown has reduced its business. The group has also incurred foreign exchange losses and
          57 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 350 17 Japanese firm's stock jumps 1.8% on news of cross-licensing deal Bloomberg [TOKYO] Sony Corp shares rose after the company said it will work with Microsoft Corp of the US to ensure that personal computers and consumer audio-visual electronics equipment support digital content. Sony
        Bloomberg  -  350 words
      • 378 17 AFP (STUTTGART, Germany) Daimler-Benz, the biggest German industrial group, said yesterday it increased sales by 22 per cent in the first quarter from the figure for the same period of last year and expects operating profits to rise this year.
        AFP; REUTERS  -  378 words
      • 303 17 Rise follows talk of takeover by French utility Bloomberg [BRUSSELS] Societe Generate de Belgique SA shares rose 9 per cent following reports that French utility Suez Lyonnaise des Eaux SA is planning to buy the third it does not own in Belgium's biggest holding
        Bloomberg  -  303 words
      • 309 17 Bloomberg [LONDON] Great Universal Stores (GUS) pic increased its cash offer for Argos pic to £1.9 billion (Sss.l billion) in a move that could clinch the takeover, giving the largest UK home-shopping company the clout to fend off competition. Argos immediately rejected the
        Bloomberg  -  309 words
      • 312 17 Partner BASF will supply technology to produce raw materials for nylon AFP [BEIJING] US-based chemical giant DuPont has selected Dongfang in southern Hainan province as the location for a US$9OO million (Ssl.4 billion) joint venture, Xinhua said on Tuesday. The official news
        AFP  -  312 words
      • 353 17 Bloomberg [OSAKA] Sanyo Electric Co stock rose 6.5 per cent after the Japanese maker of consumer electronics said it will buy back up to 35 billion yen (***** million) worth of its own shares. Sanyo Electric rose 23 yen to 372 on trading
        Bloomberg  -  353 words
      • 208 17 Bloomberg [SCHAUMBURG, Illinois] Motorola Inc shares dropped 11 per cent on Tuesday after the company's first-quarter profit plunged and it warned that the Asian crisis will cause prices for its phones and semiconductors to sink further. Motorola fell 6 3/8 to 531/2
        Bloomberg  -  208 words
      • 147 17 AFP [WASHINGTON] The Justice Department on Tuesday said that a US company charged with price fixing had agreed to pay a fine of US$llO million (*****.9 million), the largest in US anti-trust history. The department said UCAR International Inc would plead guilty before a federal
        AFP  -  147 words
      • 278 17 Reuters [DETROIT] Cost cutting and strong demand for profitloaded truck products should help the Big Three carmakers overcome rising incentives and report flat or slightly higher first-quarter earnings, analysts said. Analysts expect the group to report net earnings of US$4.2 billion (Ss6.B billion)
        Reuters  -  278 words
    • FINANCE & COMMODITIES
      • 480 18 Mm seat reducing harrowing costs, freeing up capital Jer other businesses Bloomberg IBASEL] The Bank for International Settlements is cutting the amount of capital banks must set aside to cover loans made to many securities firms. The move wiU probably reduce brokerages'
        Bloomberg  -  480 words
      • 451 18 BAMS MERGERS Citicorp-Travelers rnoro emphasises gap between'one-stop giants', small banks Reuters [LONDON] As the big investment banks get bigger, smaller European players have decided their best bet for survival is to simply carry on doing what they have always done but to do
        Reuters  -  451 words
      • 180 18 Reuters [NEW YORK] Goldman Sachs Co chairman and chief executive Jon Corzine said on Tuesday he saw no reason why the privately held financial services firm could not remain independent, even after the proposed blockbuster merger between Citicorp and Travelers. "We have
        Reuters  -  180 words
      • 226 18 AFP [SHANGHAI] Chinese authorities are set to announce the issue of a third investment fund, hot on the heels of the successful listing of the first two mutual funds set up to invest in shares and bonds, sources said yesterday. The 15-year close-ended Xinhua Fund,
        AFP  -  226 words
      • 321 18 Price rises on concerns over lean robosta supplies from Indonesia Bloomberg [LONDON] Coffee rose 1.7 per cent on Tuesday to its highest closing price in nearly 10 months on concern over lean supplies of robusta coffee beans used in instant coffee blends. Indonesia's
        Bloomberg; FILE PHOTO  -  321 words
      • 287 18 Bloomberg [LONDON] The planned European Central Bank Is likely to restrict gold sales by the European Union's national central banks to make sure they don't undermine monetary policy and the single currency, Goldman, Sachs Co said. Once the 11 EU countries expected to start monetary
        Bloomberg  -  287 words
      • 161 18  -  HSR TAIWAN rOTOBBB Cecilia Loh Cecilia boh, service dealer, Refco Singapore Pte Ltd. [SINGAPORE] The Simex MSCI Taiwan Stock Index futures slipped by one point after a session of range trading. The cash index dipped 3.24 points as investors were cautious following overnight losses on
        161 words
      • 285 18 ENERGY REPORT Reuters [LONDON] Oil futures staged a cautious recovery yesterday after two days of falling prices following a report showing lower than expected US crude oil stocks, dealers said. Benchmark Brent blend for May delivery traded up to a high of
        Reuters  -  285 words
      • 290 18 AFP ADOPTION by the Japanese parliament of the 1996/99 budget gave the yen a shot in the arm yesterday on the London forex market, traders said in early afternoon. The dollar dipped briefly below 133 yen after the announcement, but then rose back to 133.06 yen in the
        AFP  -  290 words
      • Article, Illustration
        470 18 DTT—"mCKOWKATBI —a^Ts gy O-W ig Mil MM |W IIM mj» Mr» ij* tg yg i» tgTi| I; iiliS!ili!l!lilililIlg to* 0031 «l8K i2M ifiU OlBS OM O.IH LSO MM OJtt MM lUMft UB OLfH AM tJO UM MIS IM M« AM} E" 355aS2S'»«i=-S33'S8SSfiil Sw&Mi oS iS 5S MM L£ 4S 32!25
        470 words
    • 984 19 nOOMFUTUKBS Aprs «j* *251 t J8g MM* mi l— Srtt (H—rt Iwwwt snr —«o»» SS 3 i S 53 SS "Elfin ti y t3us sUf *2 S« 03.00 m 5B»* 134.50 |«tt IM Mm! gsg- nw J»* 71» 5* £2 S£- I TSCtT 8100 2475 JJ5S 13.75 OOO
      984 words
    • 1749 19 »l Nt MQrmm 602.000 *3000 A8 Ports 391.000 -7.000 AMty)M«ul M3.000 »J40 »<Dimr| *20.000 3.000 mhc mooo *tooo AsPo Group 210.000 MOO MTM M2400 *4400 KMC 300.000 -6000 MCC H5400 -1600 BOC Croup OlOiOOO *16.000 RNMM *74.000 -***** GT* 194.400 -0-200 Ml«ISc«IM 790.000 -3.000 iMhyi 1034.000 "32.370
      1,749 words
    • 1537 19 Reuters, AFP Qnuo_ «»»> THE Tokyo stock market's key Nikkei average finished 2.49 per cent higher yesterday on hopes the government may take bold action on the economy following the expected enactment of Japan's 1996/99 budget later in the day, brokers said. The key 225-share Nikkei Average closed up
      Reuters,; AFP  -  1,537 words
    • Article, Illustration
      1443 20 Reuters P Hang Stag +M6J3 STOCKS trimmed earlier gains but closed yesterday sharply higher with index major HSBC Holdings in the fore following merger news between Citicorp and Travelers Group Inc, brokers said. The Hang Seng Index surged 265.03 points, or 2.40 per cent, to end at 11,314.46 after
      Reuters  -  1,443 words
    • Article, Illustration
      575 20 Reuters PShagkaßloiei -L 72 CHINA'S hard currency B shares struggled to a lower close yesterday as sentiment was battered by concerns over Asian economies and local corporate profits, analysts said. "Overseas investors are pessimistic about B shares as they are still concerned about the health of Asian economies," said
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  575 words
    • 333 20 AFP OWPhiat -334 STOCKS barely moved yesterday as investors turned cautious amid gloomy crossstrait ties and overnight losses on Wall Street. "Beijing's rejection of Taiwan's proposal to help stabilise regional financial crisis cast a shadow on bluechips and dampened investors' confidence," said Peter Chang of Polaris Securities Co Ltd.
      AFP  -  333 words
    • Article, Illustration
      662 20 HOwprttahfai *3J SHARES rose 0.7 per cent yesterday following the conclusion of negotiations between Jakarta and the International Monetary Fund (IMF), dealers said. Profit-taking capped gains. "What most investors are waiting for before taking positions is firstly the proper announcement scheduled for tomorrow and secondly the implementation part," a
      662 words
    • Article, Illustration
      787 20 AFP HSETbta +MJ> THE Thai stock market ended a bearish run of 10 straight falls yesterday, jumping 3.3 per cent at the close as investors sought discounted blue-chip stocks, analysts said. Analysts said the local bourse was also buoyed by the strong performance of the Nikkei Index in Tokyo
      AFP  -  787 words
    • 296 20 AFP F1 Mania +IQJ2 PHILIPPINE share prices closed 0.5 per cent higher yesterday on bargain-hunting. The Composite Index gained 10.12 points to close at 2,193.47 points. Turnover fell to 858 million shares worth 693 million pesos. There will be no trading on Thursday and Friday as the country celebrates
      AFP  -  296 words
    • 407 20 AFP POwpoßtolilg -4D6 SHARE prices closed slightly lower yesterday, with afternoon profit-taking by local investors eating up early gains, dealers said. They said share prices, which had soared 5.4 per cent on Tuesday, met resistance at the 460-point index mark. "Yesterday's gains were (heavy)... and the rise this morning
      AFP  -  407 words
    • 589 20 AFP nADOriiMriM +18.7 SHARE prices gained 0.7 per cent yesterday to a record close as a surging banking sector offset patchy performances elsewhere. The All Ordinaries Index gained 18.7 points to 2,813.5. The All Industrials Index rose 38.2 points to 4,851.8 while the All Resources Index finished 2.2 points
      AFP  -  589 words
    • 254 20 Bloomberg AFP. Q Wellington -4JI TELECOM Corp remained the focus of the trading yesterday. The NZSE-40 index was down 4.11 points to 2,292.15. Telecom ordinary shares were up three cents to NZ$B.7B. Decliners outnumbered gainers by 20 to 15. Trading was valued at NZ5244.4 million. —AFP, Bloomberg **ri «n
      Bloomberg; AFP.  -  254 words
    • KUALA LUMPUR STOCK MARKET
      • 8378 21 Cmmhmt infects 1898 Last Vat Day Nat Cap W» Law Citm lata '000 Ml Law P/I *m* 310 180 Ajinomoto 275 5 1 275 275 '5.2 111.5 V4« 73 Angkasa 92.5 3 31 95 S8 2.1 138.4 290 123 Apoao Food Hkj 192 2 8 192 192 5.8 78.8 388
        8,378 words
      • 368 21 AFP V% Composite Index +o*sl MALAYSIA'S key stock index ended 0.1 per cent higher yesterday, boosted by late local support but concerns over the health of banking industry and possible corporate failures lingered. "The market is concerned over the banking system because a
        AFP  -  368 words
    • WARRANTS & OPTIONS
      • 3484 22 im L«t vot Day Last om«( a»9 mh> Law itw c— imi»v sj«» *or- rooo) hha low mum 2X5 9 m 3000 m AMDS cS.5%*****6 20 5 8 3160 A Acor ******1 US$ 13 -0.5 33 13.5 13 13 15 95 X5 3164 Aema ******4 24.5 *2.5 14 24.5 22.5
        3,484 words
      • 192 22  -  WARRANT WATCH By R Sivanithy IT'S been some time since Uraco's warrant is featured in this column, so perhaps a review of its latest numbers is called for. Apart from the low absolute cost and lengthy time left before expiry, the numbers
        192 words
    • 2108 22 Tnnsnrtion ri Apr 8 I Or Or KM uat VW Day LartQaata 0* 0* YM Not MC« Um Mm Cimnmr «H rOOO) Ml Hi 1iyac «a8or CV W 135 28 mt 5000 A1S8 50c MJ *7 374 89 84 M 89 5.0 3J 12 36.1 903 65.5 123
      2,108 words
    • 6247 23 6f Or mm 1*98 Last Val Day Last Oueta My Mv YM N«t Cap Av« High Law StNa Company SaH COOQ) HI# Low Buyar S«H«r Cvr Pfl »m* Prtca urn i urn i 43 18.5 1020 ACE Dynamic s60c.... 33.5 -0.5 23 33.5 33
      6,247 words
    • 1033 23 n*« On LMtOMt* M tk W M C49 A»J t— *«w» Ciw>M|i Utt room t— —yor X—r CW M I— PHtd 134 92 2000 A8R Hldg$9c 109 -3 13 HI 92 W5 no 44.5 n4 243 76 2049 AS Auto 10c 190 »2 125 193 189 189 190 19.0M
      1,033 words
  • Page 15 Advertisements
    • 52 15 > I BOSS m J I jJk I L I I Ik SUIT UP WITH ifi B BOSS THIS SEASON JH| f m lM'mk I y PROMOTION B |l Jlf X NOW TIU. 19 APRIL I f COMPLIMENTARY GIFT 1 > A AND TIE J WITH PURCHASE ISETAN SCOTTS LEVEL
      52 words

  • Page 16 Advertisements
    • 24 16 First-Ever Sale by H. Sena (Pte) Ltd High-Class Jewellers (est. 1919) Look Out for Our Advertisement I I th April in The Straits Times
      24 words
    • 34 16 Pihsxiox <Sfia%fi i Jin "$l6 KffcwH(ii^) Stt Uldl from $38* (for 4 pcrsoM) 'Subject to amrvicm chary govt tax including 3% QST. #Jt fflutouront 4l Lion City Hotel 15 Tan Jong Katong Rd 9:*****17
      34 words
    • 47 16 There is no smoke without fire. With so many lucrative business opportunities and services sizzling in The Straits Times Classified daily, it s no wonder our readers are always hungry for more. Advertise in the Business Services/ Products section (Classifications 201 to 266). Call C.A.T.S. at 1800-737-1166.
      47 words

  • Page 17 Advertisements
    • 336 17 HimyygsNotices To advertise toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FLEXIBLE AUTOMATION SYSTEM PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) CtAfta .a n■» ft m rtl m rati n a~i statutory DiCMriuon oy uirvciori of company s iniomiy to continue business by raaaon
      336 words
    • 464 17 M THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of FLEXIBLE AUTOMATION SYSTEM PTE LTD (Provisional Liquidators Appointed) NOTICE OF MEETING OF CREDITORS NOTICE tS HEREBY GIVEN pursuant to Section 296 of the Companies Act Chapter 50 that a meeting of the creditors of the abovenamed
      464 words
    • 427 17 M THE MATTER Of THE COMMIMS ACT. CAP. SO M^ V MMf?U«IMai At en Extraordinary General Meeting of the Compeny deemed to be heW on 6th April 1996 the following resolutions were duly peeeed as:SPCCIAL MIIM 11 mm "That the compeny be wound up voluntarily* ONOMAHY RESOLUTION "That Mr Patrick
      427 words
    • 519 17 M THE MATTER OF THE COMPANIES ACT, CHAPTER 80 ANO M THE MATTBI Of JXB INVESTMENT PTE LTD |M MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Campmim Act. Chapterso, that the rinsl Mealing of the members of the abovenamed company wM be held at
      519 words





  • Page 22 Advertisements
    • 33 22 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE CITI NEVER SHIPS Branches at j Shenton Way 268 Orchard Road 21 Jorong East St 13 www.cilibank.com.sg
      33 words


  • STOCK EXCHANGE OF SINGAPORE
    • 210 24 VltaNM •Refcapaciffc Bh W,449,000 Easyfcnit HKIOc M,142,000 SiogTH15c 13,909.000 •Renong BM 50c 13,773,000 *M Resources 11,831,000 BnNunt 8c 8,405,000 *M8f Capital 8,200,000 •Pub Bk Foreign 7,811,000 •tosasBhd 6,825,000 •Mufti-Purpose 6,275,000 Stodu I SinqTH I5c 37,580,558 City Dev 50c 29,989,452 06S Foreign 25,095,100 U08 Foreign 16,403,340 S1A Foreign 13,881,480 SPH 13.879,218
      210 words
    • 708 24  -  STOCK MAMBT COMMHMTAIT But dealers remain cautious; large short position in KL futures market sparks talk of comeback by hedge funds By R Sivanithy [SINGAPORE] A late play on the Straits Times Industrials Index involving some of its thinly-traded components yesterday
      Chart info from Bridge  -  708 words
    • Article, Illustration
      57 24  -  u uu -by' Shiv Taneja SIME Darby closed five cents higher yesterday at $1.68 on a volume of 2.62 million shares, compared with its 10-day traded average of 716,900 shares. Daily RSI and Stochastics indicate further upside in the near term, but that could be short-lived, according to
      57 words
    • ON THE GRAPEVINE
      • 89 24 CHEAP sales never fail. Last weekend, Sing Tel Mobile held a Super Weekend Carnival offering a handphone for as little as ISO and a pager for less than $10. Apparently the response was so good that it caused traffic jams along Exeter Road. BT understands
        89 words
      • 70 24 NO. Grupo Bimbo is not a gathering of girls remarkable for their looks rather than their conversation. It is a listed Mexican industrial group which this week signalled its intentions to get down to basics (its bakery business), and sell its ice-cream operations to Unilever NY's
        70 words
      • 149 24 AT ease. Sellers came to the market after gold jumped U556.25, or 2.0 per cent, to U*****.45 an ounce in London on Monday, but by yesterday the price was back at US$3OB or so. Seems gold's recent rocket-propelled performance had less to do with early birds
        149 words
      • 160 24 FROM the troubled Crown Casino in Melbourne, Australia the allegedly happy hunting ground of high-rolling Asian gamblers reports this week that the listed operator of the casino, Crown Ltd, had offered to buy the rights to manage the place off its major shareholder, Hudson Conway Ltd.
        160 words
      • 75 24 SOFTWARE developer Compuware Corp last week slipped into something comfortable, when it acquired another software developer, Undarware Inc. Compuware, founded in r973, is one of the world's largest independent software vendors and grosses about US$l billion (511.6 billion) in annual revenues. Underware, founded in 1963, develops products
        75 words
      • 100 24 HOW can you tell if an office colleague is surfing for smut on the Net while pretending to be hard at work on the PC? The Financial Times of London offers these clues: Look for an unusual keenness to begin work; staring eyes, and a
        100 words
  • Page 24 Advertisements
    • 420 24 BUSINESS Notices T° advertise call toll-free 1800-*****83 SIAM CITY BANK LIMITED acting by and through its Cayman Islands Branch US$45 Million Negotiable Floating Rate Certificates of Deposit due in October 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period
      420 words
    • 324 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WEN MING INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Soction 290<2Xb)] At an Extraordinary General Meeting of the Company held at 6 New Industnal Building, Singapore *****9 on
      324 words
    • 527 24 H DATACRAFT ASIA LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDIIiARV GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at The Regent Singapore, Tanglin Rooms I H, 1 Cuscaden Road, Singapore *****5 on Friday, 24 April 1998 at 2.30
      527 words
    • 464 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YONG CHUN INVESTMENT PTE LTD (In Mambari' Voluntary liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2Xb)] At an Extraordinary General Meeting of the Company held at 717 Dunman Road. Singapore *****3 on the
      464 words
    • 442 24 M THE MATTER OF THE COMPAMES ACT. CAP SO AND IN THE MATTER OF Y1 HE TRADING PTE LTD (IncorporoMd In the Republic of Singapore) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary Ganaral MaeMng of the members of the abovenamed company duly convened and held at ISO MMdte Road *17-04
      442 words
    • 851 24 M THE MATTER OF THE COMPAMES ACT. CAP. SO AND M THE MATTER OF SAFE-KMT TRAVEL PTE LTD (In MwMw" Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting ot the members of the abovenamed Company duly convened and held at 9 Bishan Place •10-00, Junction 8. Singapore *****7
      851 words
    • 309 24 IN THE MATTER OF THE COMPANIES ACT. CAP. S« AND NEO BOON LYE (PTE) LTD (In Members Voluntary liquidation: NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section KM of the Companies Act. Cap. 50 that the hnal Meeting of the Members of the abovenamed Company will he
      309 words

  • SHIPPING TIMES
    • 285 25 THUUtwutalkofhlfhar rmtaa for South American Panamaxee for nearby positions, but most brokers were of the opinion It was Just a "blip" in the market and not a general upward trend. Handysize rates jremain week from the US eeetooaet and gulf. HiUrea TAMOMi Trading remained sluggish, with fbw changes
      285 words
    • 174 25 CWT Otstrtbvtton —0.80 24 C1MMH* 0.49 -0.01 40 ClMlllllllflrt -Off *0.03 frataWLHu __0J2 undi 59 eeiKeng* 0.295 *0009 «s tun Hup 0.555 URCh 3M HItacNZaaan •—OlMS *004 S27 IWHMHi HK 540 J«MlHldfcip 0.53 *0.02 tl JWIMMwrt _7.99 *0.29 U HmScip 4.50 *004 1911 Uwimi 4.50 -0.02 506 Ka>»a<>ter1na
      174 words
    • 632 25 AUSTRALIAN DOCK TURMOIL ITF threatens to target Patrick, boycott shippers asing non-union labour in Australia [SYDNEY] More than 1,400 Australian dockers sacked by stevedoring firm Patrick won a temporary reprieve yesterday after being locked out of the waterfront by private security guards
      632 words
    • 756 25  -  HEWBUXLDS By\ David Hughes ONLY a few newbuilding contracts have been reported over the past fortnight but the figures from Lloyd's Register (LR) show that last year was anything but quiet in the newbuilding market. So this week's table gives
      756 words
    • 161 25 Reuters [TAIPEI] Taiwan's transport ministry said it had given Taipei-based Yang Ming Marine Transport Corp and Bei-jing-based China Ocean Shipping Co approval to operate shipping services across the Taiwan Strait. "Yang Ming and Cosco can start to sail across the
      Reuters  -  161 words
    • 350 25 AFP. Reuters [SYDNEY] The Australian government said yesterday It was ready to sue international dock worker unions if they moved to obstruct shipping lines dealing with Patrick Stevedores, which has sacked its 1,400-strong workforce. This followed a threat earlier by the London-based
      AFP.; Reuters  -  350 words
    • 138 25  -  From. Jerzy Farynski in Sydney IN the wake of Patrick's decision to sack its entire workforce, the Australian government yesterday announced "seven benchmark objectives" for waterfront reform. They are: ♦an end to overmanning and restrictive work practices; ♦higher productivity via a commitment from the major stevedores
      138 words
    • 224 25 [SINGAPORE) Keppel Marine Industries, through its shiprepair and shipbuilding division, Keppel Singmarine Dockyard (Keppel Singmarine). has signed another contract with the AP Moller Group to build two more anchor handling tug/supply (AHTS) vessels. This brings to six the total number
      224 words
    • 786 26  -  EUROPEAN BUDGET AXRUMES Boom in low-cost airlines spurs a sharp rise in advertising as they compete to carve out a distinctive brand name By I Sophie Walker Reuters THE boom in lowcost, European airlines, formed in the wake of market deregulation, is spurring a
      Reuters; FILE PHOTO  -  786 words
    • 238 26 PACE Djafc Lloyd 9 Ad 9 Dongnama 7 ANL 3 £Cl 5 Accord 8 lmo 6 Appenship 5 Eurohans 6 i Astro 3 6 Austral 9 8 BSA 7 G LWl Batamindo 7 J WMrtr,nS Rawi-af.r a C flshpfl 9 B'taflgMas 8 nHup
      238 words
    • 25142 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser V»ss« Voyage Telephone ETA ETA Advertiser Vessel Voy age Telephone SIN Dest'n Name Name Numtrr NumOef SIN Oestn Name Name Number Numter -> 28/04 01/06 Ouadrant VILLE DC ANT ARCS L25W (5-*****44 t To BARCELONA (BCN) 2042 To ABIDJAN (ABJ) 2003 Spain
      25,142 words
    • SHIPS IN PORT
      • 871 39 Vw< Voy Mo Bfth Airlwl Depart uri Ikssfui >2 MM Ti Mongsida 10 04/0600 H l*rut Ta APR6 JO) HoiKJlidt 09 04/0300 KJtf<«iyi 1*0496 J01 HoHfUOt 09.04/0300 M Lartan APR4 J01 atongsida M M/2359 4t MtOr *****4 J01 atongsida 09.04/0600 It Mm J *****® J01 atongsida 08.04/1600 C
        871 words
      • 1761 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boofcloig/Maooc* Rstls Ship Voy No Ett/Btr Nrtod froooo To From Acjoj IVM 10/0030 U 04/1500 04/1459 04/1900 ot/isoo 04/i*5» 04/1400 a oo/TToo 04/0459 09/0900 a 04/1744 MMH MM 1 09/0700 09/159 09/1400 Ma MM* no N/0100 w m/boo OVUM 0t/7900
        1,761 words
      • 203 39 Apr Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday. Canada: Good Friday. Denmark: Good Friday. Finland: Good Friday. Germany: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Ireland Republic Of: Good Friday. Mexico: Good Friday. Netherlands: Good Friday. New Zealand: Good Friday. April Australia:
        203 words
      • 922 39 THIS report, compiled by Cockett Marine OU Ltd. ihows price ranges In US dollar* instead of single price* for a more comprehensive description of the market. Prices shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index chance and the individual
        922 words
      • 479 39 Cartas '<0 Mai 993.5 2.0 17.4 0.31 123 0.09 A*rt Oawttr »atm M*n Ask tWUM Mtaotf Ho above £25 1 2 4 1 1 0 380 A** 905.9 0J 15.1 0.06 30 0.02 turn 380 Mai 992.9 0.9 19.9 0.13 64 0.07 U/ri %ifi %H/U mi
        479 words
    • AIR & LAND TRANSPORT NEWS
      • 512 40 Credit rating agency expects many airlines to form regional alliances to cat costs Reuters [MELBOURNE] Credit rating agency Standard Poors Corp forecast a bleak outlook for Asian airlines and said skies were unlikely to brighten for at least two
        Reuters; FILE PHOTO  -  512 words
      • 513 40 [WASHINGTON] The top US safety investigator called for mandatory checks of wiring in most Boeing 747 fuel tanks in response to faults found in the wreckage of the TWA flight 800 and on other aircraft. National Transportation Safety Board chairman
        FILE PHOTO  -  513 words
      • 237 40 Reuters [LONDON] American Airlines, a unit of AMR Corp, expects the European Commission to announce by the end of April conditions allowing it to go ahead with its plan to form an alliance with British Airways, the Financial Times said yesterday. The
        Reuters; FILE PHOTO  -  237 words
      • 408 40  -  JAL, JAS in talks with pilots; ANA strike continues into third day By: Felix Chan [SINGAPORE] Japan Airlines (JAL) and Japan Air System (JAS) are bracing themselves for a possible walkout by pilots and flight crew today as the strike at All
        408 words
      • 334 40 NYT [NEW YORK] The airlines' battle for on-time bragging rights, giving the carriers the right to boast In ads that they are No 1 in flights arriving on schedule, may undergo some wrenching moments if the Transportation Department follows the recommendation of its
        NYT  -  334 words
      • 96 40 AFP [SINGAPORE] Hongkong Aero Engine Services Ltd (HAESL) has signed a contract with Malaysia Airlines (MAS) to repair Rolls-Royce Trent 800 engines powering the airline's fleet of Boeing 777 aircraft, Rolls-Royce said. In a statement yesterday, Rolls-Royce said the agreement between the Hongkong-based aero engine
        AFP  -  96 words
      • 1618 40 CITY FLIGHT ETA FLIGHT ETD LH77S 1610 OFOS 2235 mmh cm* tax ims so26 2350 MtUito 8A7381 1930 BA7382 2055 23M Of SI 1930 0FB2 2055 FMwto SOW* WO $0990 WD5 L $0229 2220 Gua««rtoti «C $0803 T905 C2352 0835 kmHtrim AL843 0450 KLS46 0040 CDO
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    • 851 26 MHQAPOM CAUFOWNU BOWK (PIHICT FROM WtT OOAW) l~~j fOULF KARACHI IXPWt (OKX) vtssn I vor I oak van I sia I u m vnsii voy ju dmn ran kar coi pro sm vmamom* oiwsm I I 1 »/oKvmap h/m no ncduoyd ouoaj «i i;/m io/oi m/os m/m m/oi ii/m u/m
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    • 650 26 L ,'r* M r c r resen, f A MM« <* (£*0B By M» T «3e rs erf the Registry o» MTWI Singapore Freght Forwarders Accredited Shipping Agents BgU Association Singapore Shipping Association Just talk to us... Irla Lim 740-2044 Jarred Leong 740-2088 EXPORT 3 x Japan •2 x Hongkong
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    • 957 27 m* si Im SAX SHtVKE (MRECT) I Ivesa wr swra lox lom 1 not I hou or coi «b» n nk MUkX 0011 11/03 2MB 31/01 31/03 01/04 01/04 01/04 01/04 02/0* M/g4__ Aft GARNET 0011 H/03 02/04 ~Wt4~ 07/04 00/04 ~00/04 0»/04~ JjZ?* ojZj*_ mwmaa oisi 25/03 n/04 14/04
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    • 1673 27 (2) HANJIN SHIPPING HAMJM SHIFTING (S) PT! LTD OOOUOG: 37*0235 737 SAIfS 77*0774 731 DOCUMHT 37*0771 774 OftUTKMIS 37*0741 757 MAIM UM 7777(55 Ml 777W*0 dNO **********0 M TO NW USA A CANADA USA 1 CANADA" wtva/vw |m» a uniham/vot sa ttw m lew w dtt 1 m. m~ m|
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    • 180 27 (rvmym ORIENT EXPRESS UNES (U.K.) LIMITED OgX (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY siNGAPORE/MUMBAI (BOMBAY) SHUTTLE VgSIL VOY SIMGAfOUE IQMtAY VFSStL VOY IQMtAY SIWGAfOBE ALBERT BRIDGE 014 11/04 19/04 ALBERT BRIDGE 013 29/03 11/04 NQKDKAP 425 14/04 22/04 NORDKAP 424 01/04 14/04 LEERORT 312 15/04 21/04 LEERORT 311 01/04 15/04
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    • 1605 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VESSEL I VOY SHI LtH HTM ANN HAM IoWV HJt I Vt«SIL VOV *S»T" JED 6IT SPE fOS W.C MTW HAMJIN SAVANNAH WQtll 10 04 01* 02 OS JO 04 01 IB 0100 PATHOS SENATOH *WII 10 04 27 04 03 00 00
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    • 1274 28 MY ANG YML ,nt#rn#t Web B,t# N|pt //www.yml.com.tw juui-* tk ifiifuiimrmmrmmiuiijiUji. nrTTirnHTT7r7TWT^TWTTTn.i't^ji'jmi arrival hxidoaytumoay VESSEL VOY LEH FXT HAM ANR HFA SIR DOVER BRIDGE ABOB SLO SLD SLD SID SLD 14/04 MING STAR ABO9E SID SLD SLD SLD SLO. 21/04 MALACCA BRIDGE ABIOE SLO SLO SLD SLD 14/04 28/04 MING
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    • 456 28 Shipping Times, Thursday, April 9, 1998 LINE I SS t TIL: *****56 FAX: ***** 12 1 MUARA ~1 1 LABUAN vissn vor itd eta vissa vor no ha SfOM MUARA SPOtl UN APUGUOT VO9I/* 11/04 14/04 "MOOT VO9I/* 11/04 15/04 J.POOSPB VIOI/* 10/04 19/04 J-PWSPO VIOE/* 16/04 20/04 APM GlOfT
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    • 1475 29 [VESSEL VOY SIN KUA POU PKO PEN BLW SUW BA WK IRAN VOJDAN PJL 1278 14/04 23/04 MALACCA GLORY PJL 1285 15/04 23/04 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN ARMENIA, KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN. KIRGISTAN, TADZHIKISTAN i GEORGIA VIA B. ABBAS, BIK AGENT IN SINGAPORE
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    • 2577 29 SAILING TO SHANGHAI XINGANG I SINGAPORE'S GENERAL AGtNTS: 6 SHENTON WAY TIL* 226 1900 FAX: *****08 OUTWARD (B/l) *****02 JOHORE OFFICE; I COSTAR SHIPPING PTE LTD #17-08 MS 81DG SAUS/MGS *****41/43 INWARD DEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD ICR NO: **********00 TOWIR TWO (*****9) (ONVINTIONAI *****50/55 T/SHPMT DEPT
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    • 1309 30 EUROPg/UK/3CAMDINAVIA/FWIAMO/HUBSIA rsori RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKI SGP E DELUXE RW-002 11/04 01/05 01/D5 02/05 04/05 05/05 00/05 E. REWARD RE 028 15/03 18/03 17/03 19*3 21/03 14*4 12/04 E DELIGHT RW 002 11D4 05/15 20/05 IS/05 11/05 11/05 20/05 E. RIGHT RE
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    • 404 30 nantailine] FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA vbsb. I VOY I sm 1 rm I PU» I CFT r/mt" mum vEwtis v.o?6S u/w 22/04 26/04 30/05 03/ as GOLOEH DKAGQN VOO4S 21/04 30/04 05/05 ot/05 WAWTAIPWWCESS V.021S 30/04 14/05 17/05 immiQuta torn w/os iy/os 22/05 24/05 w/os NAMttl MAGON
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    • 568 31 BSfl n. mm. MYANMA pBBk FIVE STAR LINE (Myonmar National line) v Loading for Yangon (Rangoon) VISSIL VOY SW PNG PIN PGU PAGAN 2S4W SLD lAGO 101W 13/04 7 MAUYSIA AG!NTS: lOUSTIAO SNIPPING AGENCIES KUL m 02-03-*****00 PHI: TIL 02-03-*****01 PIN: TIL 02-04-*****02 PGO; TIL 02-07-*****21/4 BANK LINE (A service
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    • 1251 31 A HYUNDAI MERCHANT MARINE CO. LTD. Ivissa VOT SIN I SOU I LH< 1 HTM 1 AMT 1 HAW IWVI EH IVESSEL VOY I SOU I 1 «TM I AI*T I >UM I—V FB. S<N HY BARON 312W 09/04 27/04 02/05 29/04 30/04 0* 3021 16/03 21/03 11/03 19/03 09/04
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    • 961 32 BANQKOK/LAEM CHABANG JAKARTA/PAN JA WO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN SUPA BHUM 02N In Pt 12/04 XETHA BHUM 229S In Pt 11/04 A NAN BHUM" 100N 12/04 15/04 XETHA BHUM ***** In Pt 11/04 CHANA BHUM 13N 12/04 15/04 15/04 GURU BHUM' 73S 11/04 14/04
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    • 455 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 KmV TLX R*****6 SINMER CRNo: **********0W Receiving Cargo at PTI I Blntulu I Muara vissu voy shi rru vo* sin mua IStno V9807E IM4/04 19/04 *»*oH VWSE 11 12/04 17/04 B Bdoit V9805E IS-19/04 24/04 MG«U
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    • 534 32 A/iccord SHIPPING PTE LTD Til: *****15 (40 lin**) FAX *****30 MTKUMG (OS) 3*7 1001 DIRECT ACCESS YIl: *****55 (EXPORT BOOKING) MSB GUMMG (07) SSI IS// *****34 (EXPORT DOC), *****39 (IMPORT) HUANG (04) SSI 1440 URL:HTTP://WWW.ACCORD.COM.SO JAUAtTA (11)*****/0 row m sin pair ro sim foot m sin pout msm (FAR EAST)
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    • 388 33 INDONESIA NATIONAL LINE TO EUROPE H EXPRESS SEMI-CONTAINERISED SERVICE ~¥SL VOY I A OAM/fi OAM IH lURG I MEMEN I ANTWERP A VESSEL «3WBMM7/g4j 15/05 19/05 OMIT 23/05 TO AUSTRALIA FULL CONTAINER SERVICE VS. WY FWE IHE SYP MEL HSA ML FBI AUST ENTERPWSE VI3S IM< WW IMM 1704 aW
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    • 519 33 ADVANCE CONTAINER LINES (PTE) LTD —g\ t* I (hxxxporaled in Snoaporel Z |40 CEC*. STREET »1?flO PIL BUILDING SINGAPORE 069b40 tEL *****21 FA* 223X19 *****96 TELEX FB ***** ACLPI YOUR PARTNER IN LOGISTICS NOW CONNECT YOU TO THAILAND'S SOUTHERN PORT OF c. < SONGKHLA >. ;fi v I v r
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    • 53 36 To retrieve more schedules, just follow these simple steps... document §u&\ 740-6000^^^^£ tep be faxed M fc M Select the port I *lEnter your Steo Step key in the four number Q M digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 for calls within
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  • Page 39 Miscellaneous
    • 129 39 LEGEND: R. Thunderstorm Temperoture Q X\ V Shower Weother Wind chrection with speed m knots ee Rom \y Cloudy Sky Wov h *"9 h SwpK* winds ore indicated by arrows which fly with the wind One fu« circle represents calm or light and variable winds W One half Heche represents
      129 words