The Business Times, 15 April 1998

Total Pages: 46
1 46 The Business Times
  • 11 1 The BusinessTb® MITA(P) ll(V12/97 85c SINGAPORE Internet' http://www.asial.com.sg/biztimes WEDNESDAY, APRIL 15,1998
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  • 64 1 DSS lg (-25.36) nvr-su BJMBJ» (-9.16) nvrooHP iJUM-M (-13.52) nBTKOA LI mas (-n.67) riMAIKETHOODe MDmi STOCK MAMET INDICES Tuesday Chaise KLSECOHP ***** -i* NIKKEI 16,277* -4t* HANG SENG 11JMM4 +78* SET INDEX dosed JAKARTA COUP 6I&10 ,7* MANILA COMP l,ff?04 +1LW TAIPEI WPI 8,7*4* 96iS SEOUL OOMP 4«7*
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  • 68 1 FOBEX BATES US) St USS 1JM £(US$/S$perS) 1.669 2JCS DM 1821 0-876 YEN 12M 1 tar MS SIM MM HXS 7.766 02Q* BAHT 40.00 0.040 BUPIAH 7*7* OJttl* 'Sttmtmrn FUBBJOB SINGAPORE* 7.7$ KUALA LUMPUR 1150 JAKARTA BJ» BANGKOK 14.75 MANILA ZLM HONGKONG 10.25 TAIPEI AM SYDNEY 8.45 TOKYO 1M
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  • 770 1  -  Move could signal its need for cash, say analysts Froml Ruth Wong, Neil Behrmann in London IN a move that analysts speculated could signal a need for cash in the current economic crisis, Malaysian tycoon Khoo Kay Peng's Malayan United Industries
    770 words
  • 533 1  -  SCK Group under receivership; winding-up notice against Bescorp From Eddie Toh in Kuala Lumpur TWO Malaysian Second Board companies, including one controlled by the younger brother of James Bond movie star Michelle Yeoh, yesterday became the latest victims of the economic
    533 words
  • 453 1  -  Bargain prices for regional tours may not last very long By] Kau Yi Kang [SINGAPORE] Holiday-mak-ers waiting for the price of Asean tour packages to slide further before making their bookings will risk missing the plane. The season of bargain prices, travel agents
    453 words
  • 559 1  -  But govt to proceed cautiously and keep 51% stake in all privatised firms From S N Vasuki in Jakarta INDONESIA moved swiftly yesterday to implement the IMF-mandated reform programme by naming seven state firms that will be
    559 words
  • Article, Illustration
    75 1 [SYDNEY] Feelings continued to run high among Australian dockworkers yesterday, with the message coming across clearly on the hard hat of this sacked worker manning a picket line. Patricks Stevedores, the company at the centre of the storm, sacked I,4oodockworktr s across Australia on April 8 and
    REUTERS  -  75 words
  • Page 1 Advertisements
    • 113 1 iMiuim For most of the 50 biggest hanks in the US, it is becoming increasingly difficult to remain independent as their rivals pair up into the handful of goliaths expected to dominate the industry, P|M -ciK-, u u T+m*m Malaysia yesterday launched a nationwide campaign to combat thtrkpning fflapg The
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    • 239 1 EdttariML, Pg 14 Indon stooka jittery, Pg 4 Timeless values. ms *> Empire Period. V Geneva enamel. Duplex escapement movement g by Ilbery of London. These two exquisite watches, The ex Day-Date in the shape of peaches, are V appreciated for more called «For China». than just the twenty-five The
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  • SINGAPORE AT HOME & ABROAD
    • 484 2  -  Weak yen, economic woes, likely to affect manufacturing industry's plans By, Annette Pau DEPUTY Prime Minister Lee Hsien Loong yesterday voiced concerns of a possible slowdown in Japanese investment here in view of Japan's economic woes and the weakened yen. Speaking
      CHEW SENG KIM/ST  -  484 words
    • 529 2  -  Partner is start-up firm in which STSE unit has a stake By] Ronnie Lim IN A 'mutually-beneficial move, Aqua Gen International, a start-up company in which Singapore Technologies has a stake, has tied up with Singapore Power (SP) to build a demonstration desalination
      529 words
    • 288 2  -  EYE ON THE ECONOMY Finance Byl Clarissa Tan TOTAL bank loans in February fell month-on-month for the second time in a row, latest figures from the Monetary Authority of Singapore (MAS) show. Bank loans amounted to $142.07 billion in February, down 0.6 per cent
      Source: MAS  -  288 words
    • 190 2 THE Economic Development Board's international advisers all captains of industry from top US, European and Japanese corporations are meeting in Singapore to discuss the impact of the financial crisis. The meeting the EDB International Advisory Council's (LAC) fourth starts today at the Ritz Carlton Millenia,
      190 words
    • NEWS Roundup
      • 51 2 FINANCE Minister Richard Hu left yesterday to attend a Special Finance Ministers' Meeting in Washington. The meeting tomorrow will be attended by finance ministers from 22 countries. Dr Hu is accompanied by senior officials from the Ministry of Finance and the Monetary Authority of
        51 words
      • 50 2 THE Ministry of Education promoted 1,439 officers this year. Of these, 36 education officers were promoted into and within the Superscale grades while 621 went into the senior education officer (SEO) grades. Another 782 officers moved into the general education officer (GEO) 1A and 2A grades.
        50 words
      • 96 2 MEMBERS of the public, both visitors and residents, are invited to nominate individuals or organisations for the 13th Tourism Awards, organised by the Singapore Tourism Board (STB). Among the 16 categories open for nominations are Tourism Host of the Year and Best Shopping Experience. Forms are available
        96 words
    • 496 3  -  Move follows an SMA resolution warning of risks in snch promises By> Jenny Lam THE issue of doctors and surgeons giving profit guarantees will be raised in parliament next Monday, with Health Minister Yeo Cheow Tong responding to a question tabled by
      496 words
    • 384 3  -  It may sne landlords of tenants who sell illegal software By Imelda Tham MICROSOFT Corporation is stepping up action against vendors of illegal products and may even sue landlords who fail to stop the offence as part of an all-out drive
      384 words
    • 211 3  - A bigger Food Hotel Asia98 opens By 1 Kau Yi Kang THE region may be reeling from economic and financial problems but folks at the Food Hotel Asia 96 exhibition don't seem to have noticed. "Despite the region's current economic crisis, Food Hotel Asia has grown by some 2,555 sq
      211 words
  • Page 2 Advertisements
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    • 128 2 IiOSS v I ■t ft The best For fine Cantonese food with extraordinary value, Hua Yuen is where you should meet! Only the Hua Yuen Chinese Restaurant offers superior Cantonese cuisine in a comfortable and relaxing setting that is ideal for discussing business. Lovingly prepared by our Hong Kong Master
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  • Page 3 Advertisements
    • 516 3 m^mSi Mf. [■>r JHI 1 Jfcr*f* ■> i v 9SH P?ianhe Zaobao mmmmmmrnw <*N» ■■H I I ■GekP 9 i investing If you take a risk, it's got to be on your terms. HH Our Personal Investment Plan is tailored for you, with monthly contributions that are affordable. P -3f
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  • MARKETS IN TURMOIL
    • 311 4 Bloomberg [WASHINGTON] US and UK regulators should consider steps to strengthen the supervision and regulation of hedge funds, the International Monetary Fund said. To increase disclosure by hedge funds, the IMF said detailed portfolio and position reporting requirements would have to be
      Bloomberg  -  311 words
    • 450 4 Report on minister's comments leads to fears of possible backpedalling on new deal with IMF IJAKARTAIA decision by Indonesia's trade minister not to resume crude palm oil exports this month despite the signing of a new agreement with
      450 words
    • 338 4 AFP [SEOUL] South Korean share prices tumbled yesterday as threats of strikes rattled the country's largest car maker, Hyundai Motor Co, and Kla Motors Co, the bankrupt Arm waiting for receivership. Hyundai Motor's union sent letters to the government, appealing
      AFP; Source: Bloomberg  -  338 words
    • 217 4 AFP [JAKARTA] Indonesia's foreign exchange reserves stood at US$l6.6 billion (5526.5 billion) at March 31, enough to cover about 4.3 months of imports, the Antara news agency said yesterday. The gross foreign assets at the end of March stood at U5516.58 billion or
      AFP  -  217 words
    • 387 4 Jakarta and private creditors to start talks in US today AFP [JAKARTA] Indonesian corporations are hoping that foreign lenders will agree to debt write-offs of up to 50 per cent at a crucial meeting with Jakarta government representatives in New York opening
      AFP  -  387 words
    • 501 4 Govt urged to sell state firms to raise 3 foreign currency Reuters [SEOUL] Non-performing loans by South Korean financial institutions were forecast to rise to 58 trillion won (Ss66 billion) at the end of 1998 from 45 trillion won a year
      Reuters  -  501 words
    • 64 4 [SEOUL] A stolid South Korean pedestrian ignoring a headless department store window mannequin alongside a poster announcing "100 days of IMF (International Monetary Fund), Let Us Overcome The Financial Crisis (presumably by not losing one's head), in Seoul yesterday. As unemployment rises m
      AFP  -  64 words
    • 233 4 He will also seek support at finance ministers' US meet AFP [BANGKOK] Thai Finance Minister Tarrin Nimmanahaeminda will seek fresh funding to help Thailand through its economic slump when he attends a meeting of world finance ministers in Washington this week, it was
      AFP  -  233 words
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    • 31 5 Invest in the Grow rn Opportunities OF THE 'p 21 a Century. ffH'.. m SSP" 71 ACM^ MM I Mlw i s I'Mi:\ rFi \i>s I (i LOBAL GttOWTll TUKNDS PORTFOLIO
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  • FOCUS: MONEY MATTERS
    • 1171 6  -  Economic forecasts depend on devts in three areas: Indonesia, Japan, US By Larry Wee OVER the last week, regional currencies have recovered, prompted by an exquisitelytimed attack on yen bears by the Bank of Japan over the Easter weekend. Not to mention finally
      Compiled by BT; Source: Deutsche Morgan Grentell  -  1,171 words
    • 518 6 Significant impact on Japan as a source of capital, hitting FDI and bank lending DISMAL tankan results on April 2 were followed by a downgrade of Japan's sovereign outlook recently. But the greater impact of these deteriorating conditions lies not on trade, but on
      518 words
    • 349 6 Bank vs corporate Interests THE recent failure of a well-known Malaysian (listed) company may be cheered by some as a victory for banks over the corporate sector. But a number of commentators feel that Kuala Lumpur has to clarify come the crunch whether it supports banks or companies. Historically,
      349 words
    • 323 6  -  Compiled by Larry Wee Sources: ABN-Amro(ABS) Dow Jones Newswires (DJ), IndependentEconomic Analysis Holdings (IDEA) JP Morgan (JPM) MMS International (MMS) United States Friday: Analysts generally expect a smaller February trade deficit of about US$11.5 billion or S$18.3 billion (JPM and MMS) after January's US$12 billion shortfall. But
      Sources: ABN-Amro(ABS); Dow Jones Newswires (DJ),; IndependentEconomic Analysis Holdings (IDEA); JP Morgan (JPM); MMS International (MMS)  -  323 words
  • Page 6 Advertisements
    • 10 6 This is an authorised excerpt from IDEA's daily client faxes
      10 words
    • 11 6 This is an authorised excerpt from ABN-Amro 's Asian Market Weekly.
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    • 241 6 BroadcastAsti3B The sth Asia-Pacific Sound, Film Video Exhibition Conference 2-5 June 1998 World Trade Centre Singapore Incorporating: conjuration with: aJS£SXx»i CMeS/108 K9IE The 3rd A*an International Trade StxmcMM tor Tlw 2nd torn Intamatonal Tradei Showcaae (I Protesawnal Auto Equpmant. Services Technology tor Cabte SatelMe Technology Services Join us for the
      241 words

  • SOUTH-EAST ASIA
    • 445 7 KUALA LUMPUR He also says ITsia's water shortage will not affect supply to Singapore AFP MALAYSIAN Prime Minister Mahathir Mohamad indicated yesterday that the government may increase lending flows to other industries after moving to boost the troubled car and
      AFP  -  445 words
    • 451 7 KUALALUMPUR Helicopters and •planes to be used to spot fires Reuters ■MALAYSIA yesterday launched a nationwide campaign to combat thickening smog, using helicopters and airplanes to spot fires and vowing to put people who start blazes into jail. j The drive came as
      Reuters  -  451 words
    • 792 7  -  ASIAMYIHW Traffic Jams suggßst that things aro back on track By Yang Razali Kassim THE Second Link seems to have a life of its own. Just as it was about to be written off as a potential white elephant, the new bridge linking
      792 words
    • 207 7 HANOI Bloomberg VIETNAM will shelve plans for a high-level conference to woo new foreign investors due to lack of interest. The government which saw foreign investment tumble by almost half to US$4.4 billion (Ss7 billion) last year, amid regional currency devaluations
      Bloomberg  -  207 words
    • 261 7 KUALA LUMPUR AFP MALAYSIA'S total foreign labour has risen to 2.2 million people, comprising 1.2 million legal workers and another one million illegals roaming freely in the country, a report said yesterday. "For Malaysia which has 21 million residents, the 2.2 million foreigners working
      AFP  -  261 words
    • 224 7 JAKARTA AFP INDONESIA will begin the construction of a new U5557.7 million (Ss92 million) international airport in West Sumatra this year, a report said yesterday. The construction of the airport in Katapiang, some 20 km north-east of Padang, the capital of the province, is
      AFP  -  224 words
  • Page 7 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 521 10 BEIJING Trade gap widens more than five-fold since '90; conld affect presidential summit AFP THE US warned Beijing yesterday that its gaping trade deficit with China was a growing threat to improving relations and could affect the Beijing presidential
      AFP  -  521 words
    • 236 10  -  By Lu Ning [SINGAPORE] The ExportImport Bank of China has extended a US dollar credit facility to South African importers of Chinese capittil goods. Hongkong-based Absa Asia Ltd, which arranged the facility, said yesterday that importers could get financing equivalent to
      236 words
    • 313 10  -  Some set np phony individual accounts, buy into fnnds meant for retail investors By Lu Ning [SINGAPORE] China's securities watchdog has slapped a host of companies with hefty fines after they were found to have invested in two mutual fUnds
      313 words
    • 64 10 [HONGKONG] Democratic Party chairman Martin Lee (left) and vice-chairman Yeung Sum flashing victory signs as they register as candidates to run in Hongkong's Legislative Council election last Saturday. Seen as the territory's de facto opposition leader, Mr Lee launched his official campaign with a
      REUTERS  -  64 words
    • 102 10 BEIJING AFP CHINA is considering proposals from 21 foreign architects to design what will be the country's largest theatre, in a bid to widen its pool of expertise, reports said yesterday. "We want this cross-cen- tury project to represent this century's highest-level technology, and
      AFP  -  102 words
  • Page 10 Advertisements
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  • ASIA
    • 377 11 Bankrupt Japan firms owe 15t yen a post-war record TOKYO Stagnant economy poshes liabilities up 66%; survey warns of worse to come AFP THOUSANDS of bankrupt Japanese firms left a post-war record of 15.1 triUion yen (*****.2 billion) in liabilities in the fiscal year to March, a private research agency
      AFP  -  377 words
    • 201 11 TOKYO Reuters STUDY groups within the ruling Liberal Democratic Party (LDP) have outlined measures to support small and medium-sized firms and selected industrial sectors under a forthcoming economic stimulus package, LDP officials said yesterday. The LDP study groups, which propose policies to party leaders,
      Reuters  -  201 words
    • 52 11 [SUKCHON, North Korea] A mother holding her daughter at Therapeutic Feeding Centre in Sukchon County, North Korea. The UN World Food Programme again lashed out at North Korea yesterday for not letting international aid workers freely monitor distribution of food to its famine hit
      REUTERS  -  52 words
    • 327 11 SEOUL Foreign investors will be invited to take part in the 10 trillion won funds AFP SOUTH Korea said yesterday it will set up two funds worth a total of 10 trillion won (5511.4 billion) to finance and stimulate
      AFP  -  327 words
    • 526 11  -  LBTTH&F&OM SEOUL Used to Cosby Jobs, they have yet to adjust to harsh economic realities By Jennifer Veale HOW are South Korea's newly unemployed white-collar salarymen handling life without a job? Some go hiking to avoid the social stigma, while others kill time
      526 words
  • Page 11 Advertisements
    • 60 11 7 V r\UST EVER SAIq "l H Established 1919 Sena (pte) £,td. II HIGH-CLASS JEWELLERS fat Repute for Quality Reliability J|£ M ShongriLo hotel jff |P& (next to coffee house) Jgjgr BraL 22 Orange Grove Road dSpF Singapore *****0 IWL Tel: 732 5689 732 0721 Clearance Sale Up To 80%
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  • THE WORLD
    • 606 12  -  It will p«ish for .mechanisms that make them take the etasequences \JYom] Leon Hadar if i Washington *tHE United States will push jar effective mechanisms to ensure that creditors and in- vestors "more fully bear the .consequences of their ac/•tions"
      606 words
    • 436 12 ZURICH US bank tie-ups fuel talk of farther consolidation Bloomberg SWISS banking and insurance shares rose as much as 3.5 per cent, led by Bank Sarasin Cie and Zurich Insurance Co, after two US bank mergers fuelled speculation that consolidation in the
      Bloomberg  -  436 words
    • 308 12 WASHINGTON Bridge News THREE high-tech communications companies will offer an ultra-fast data pipeline and some of the needed network equipment as part of a US$5OO million (***** million) contribution toward developing the next generation of the Internet. "We will end the days
      Bridge News  -  308 words
    • 355 12  -  SINGAPORE By Catherine Ong SAUDI Arabia's Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has invested US$2OO million (*****.8 million) in Teledesic, a company backed by BUI Gates that is behind the world's first broadband "Internet-in-the-sky" project. The investment, made through family trusts, was finalised
      355 words
    • 433 13 WASHINGTON Fourth straight drop in energy prices keeps consumer prices in check Bloomberg US consumer prices were steady in March for the second time in three months, held in check by the fourth straight drop in energy prices. The
      Bloomberg  -  433 words
    • 456 13 WASHINGTON Economy could be levelling off after earlier strong gains Bloomberg US RETAIL sales unexpectedly declined in March for the first drop in five months a sign the economy could be levelling off after strong sales gains in January and aryMarch sales
      Bloomberg  -  456 words
    • 185 13 FRANKFURT Reuters GERMAN Finance Minister Theo Waigel yesterday joined a growing debate on whether Bonn should expand its current tax on earnings from sales of shareholdings to include longer-term holdings, saying he is against such a move. He said that Bonn had decided against
      Reuters  -  185 words
    • WORLD Watch
      • 80 13 Reuters [MOSCOW] Acting Prime Minister Sergei Kiriyenko criticised Russia's Interior Ministry yesterday, saying many police officials were unqualified for their jobs and their efforts to crack down on crime had achieved little. Officials attending the Interior Ministry conference said crime has risen 6 per cent over
        Reuters  -  80 words
      • 54 13 AFP [WASHINGTON] The director of the Office of Management and Budget (OMB) Frank Raines stepped down yesterday to take a job in the private sector. President Bill Clinton named Jack Lew, who has been deputy OMB director since 1995, to take the post which
        AFP  -  54 words
      • 83 13 Bloomberg [WIESBADEN, Germany] German wholesale prices fell a greater-than-expected 0.3 per cent in March, pulled lower by fish and coffee prices, the Federal Statistics Office said, in further evidence of subdued inflation. Economists polled by Bloomberg News had expected prices to fall 0.1 per cent.
        Bloomberg  -  83 words
      • 70 13 AFP [DUBLIN] The first group of IRA prisoners to be freed in the Republic of Ireland since the Northern Ireland peace deal is expected to be released this week, government sources in Dublin said yesterday. As a gesture of goodwill, some Irish
        AFP  -  70 words
    • 259 13 WASHINGTON Bloomberg LOWER commodity prices, sound monetary policy and cheaper imports have been instrumental in driving down inflation in the US and reducing inflationary expectations, said Robert J Shapiro, Undersecretary of Economic Affairs at the Commerce Department. "We are now in a low-in-flation
      Bloomberg  -  259 words
    • 477 13 MOSCOW Reuters, AFP RUSSIAN President Boris Yeltsin began talks yesterday which could be the last chance to win parliament's backing for his controversial choice of prime minister before it votes on his candidacy next Friday. Russian parliament speaker Gennady Seleznyov said yesterday
      Reuters,; AFP; REUTERS  -  477 words
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  • Page 13 Advertisements
    • 239 13 No Other Airline Unites The States Better From Singapore. 11l J I s^ diroct to cltloi from Wait to East Toronto''-. fjew York Winnipeg i'ancouirr V-. \t Chicago i\... HI Minneapolis/ />::::••• Seattle s Paul.\ D TOtt Portland Washington Salt Lake City NasbviUe /f Oes Moines Frisco SaCmm^ a nr
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  • EDITORIAL & OPINION
    • 681 14  -  THB BOTTOMLDVB OPINION By Chua Soon Hock The writer, who is chief strategist with Sanwa Bank Singapore, contributed this column to The Business Times. The views expressed are his own. AS SURELY as the sun rises, so too will the Dow be brought back
      681 words
    • 129 14 'Many style gurus most loathe women not the anorexic, androgynous teenagers who stalk the catwalks like heroin addicts in search of a fix, but real women with real bodies/ -Joan Coffins writing on the current fashion scene. 'Motorola is in for a rough time for the next
      129 words
    • 627 14 EDITORIAL ITs now do or die for Indonesia That seems to be the general reaction to the latest agreement on economic reform between Indonesia and the IMF. Signed last Friday, the agreement was the third in less than six months. If it follows the fate
      627 words
    • 1153 14  -  Rivals are pairing up at lightning pace into the handfnl of giants expected to dominate US hanking By' Timothy O'Brien NYT NO sooner had John McCoy announced on Monday that his bank, Banc One Corp, would merge with First Chicago NBD Corp to create the dominant bank
      NYT; REUTERS  -  1,153 words
    • 782 14 Anglo-Irish rMOfatfcm THE Asia-Europe summit that ended on April 4 in London was dominated by expressions of European concern for Asian woes. Little attention was paid to the most intense discussions at the summit those between the British and Irish prime ministers as they coordinated positions
      782 words
  • Page 14 Miscellaneous

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  • Page 15 Miscellaneous
    • 715 15 TV&BADIO v Sun Nightmare on 5.00 Kalau Dapur Tak Bera wmmmrnm M Dick Street (Part 1). sap IV. 230 PM TV Innovations. 11.45 Mad about You The 5-30 Segar 4.00 Kidz Blitz: Alf Tales n. Birth (See Our Choice) 6-30 Kaadhal Pagadai. 4-30 Lassie's Rescue Rang- (LastEp). 7.00 Aadalenum Jeevanal?w
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    • 181 15 CRYPTIC CROSSWORD 13 An attractive young woman is 29 Is an attorney allowed to leave 30 Scratching a living (8) 31 Skater managed to go hell for long dress (2,4) YEBmXDAY*S SOLUTION leather (6) 11 Church members go on creat- MBMeTATp |r|l [cJoIgfHMM DOWN ing mayhem (12) ■RWrW|*a)E^ 1 Removal
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  • EXECUTIVE LIFESTYLE
    • 463 16  -  SINGAPORE FILM FESTIVAL Yakuza thugs and bank robbery give film its measure of violence, says jamet maslpi JANET MASLIN NYT Takeshi Kitano is a Renaissance star in Japan: comic actor, serious director, painter, film editor, tough guy. Apparently in all these realms he relies on
      NYT  -  463 words
    • 585 16  -  A timeless film on the ideal mother-son relationship By Deborah Hornblow LAT-WP IN Mother and Son, Russian director Alexander Sokurov and cinematographer Alexei Fyodorov conspire with the wind and the weather to create a timeless, breathtaking filmic ode to the ideal motherson relationship. Symphonic, painterly,
      LAT-WP  -  585 words
    • 513 16  -  GOLF It's a situation yon dream abont, says Tiger on his best friend's win By Don Markus LAT-WP [AUGUSTA, Georgia] They are the odd couple of the PGA Tour, the overweight 41-year-old father of two who has stayed on the periphery of the spotlight
      LAT-WP  -  513 words
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  • Page 16 Miscellaneous
    • 172 16 THE WEATHim Moderately hazy partly cloudy. Temperature (30-25) AeU-Psodlo <HVU* Good. Europe HVLo* Cood. America Hl/lo* Good. ABrtiand 20/14 showers Amsterdam 11/W rain Bumhw Aires 24/14 doudy Bugfe* JM» Altaß 17*7 sum* ltls rk«d> SS*- llm Ann Ey S5 tag Cop-haga showss L«Awtei IMI Hum *'18 ram 1(V05 showers MmeoCtj
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  • COMPANIES & MARKETS
    • 585 17  -  Group plans to pomp $220 m into facilities on Jurong Island Byl Ronnie Lim [SINGAPORE] The Sembawang group is going into water recycling in a big way, with plans to pump $220 million into a terminal, called SUT2, on Jurong Island. The terminal will include
      585 words
    • 418 17  -  Analyst says firm has growth-oriented management team By' Ven Sreenivasan [SINGAPORE] The ST Computer stock yesterday rose 15 cents or 9.6 per cent to a record $1.72 on relatively heavy volume, propelled apparently by a favourable rating from GK Goh Research. The counter
      418 words
    • 267 17  -  By. Annette Pau [SINGAPORE] Troubled liquid crystal display firm Vikay Industrial has started discussions with potential investors to restructure the company and expects to be back on track by mid-May. Over 10 "reputable" parties have shown interest in the Sesdaq-listed company's operations, and
      267 words
    • 670 17  -  HOCK LOCK SIEW Clarissa Tan ALL goes according to plan, Singapore will very soon have H its first Institute of Directors This institute will have a HHmission to bolster standards of corporate governance and disclosure among Singapore companies. But how exactly
      670 words
    • 540 17  -  Company asking $1,700-$l,BOO psf for bulk sale of nnits By, Jenny Lam [SINGAPORE! Hotel Properties Ltd (HPL) is trying to sell en bloc the last 16 units of its Four Seasons Park condominium located off Orchard Boulevard, sources say.
      FILE PHOTO  -  540 words
    • COMPANIES
      • 431 18  -  Firm cites change in circumstances after fond-raising exercise From. Eddie Toh in Kuala Lumpur TING Pek Khiing's Ekran Bhd which is being probed by the Securities Commission has confirmed that it has used part of the proceeds from its fund-raising exercise
        431 words
      • 216 18 Reuters [MANILA] Ford Motor Co said yesterday that it would bring in US$3OO million (Ss47B million) in investment after it re-enters the Philippine market next year. "The initial investment is US$lOO million Over the next few years there will be another US$lOO million as we
        Reuters  -  216 words
      • 288 18  -  Subsidiary LMI to subscribe for shares in chemicals cleaner By 1 Teh Hooi Ling [SINGAPORE] Uraco Holdings has agreed to take a 28 per cent stake in an American chemical cleaning company for US$l.69 million ($2.7 million). The company said yesterday
        288 words
      • 473 18 AFX Asia [SINGAPORE] Lindeteves-Ja-coberg Ltd expects its recent rapid growth to slow due to the regional economic crisis but it should still manage to sustain double-digit earnings gains in the medium term. Despite the crisis, turnover is targeted to reach $200 million this year, up
        AFX Asia  -  473 words
      • 538 18  -  HKs4.63b earnings better than consensus estimate From Quak Hiang Whai in Hongkong China Telecom (Hongkong) (CTHK), the mainland's first listed mobile telephone company, yesterday unveiled a better than expected maiden set of full-year results and said the group would continue to
        538 words
      • 304 18 Reuters [KUALA LUMPUR] Malaysian financial services group Rashid Hussain needs up to 2 billion Malaysian ringgit (*****.2 million) to acquire and recapitalise the troubled Sime Bank Bhd, analysts said yesterday. They said the huge price tag was largely holding up the
        Reuters  -  304 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 507 19 It is losing market share to Pqi Photo; digital iiMgmg nnit keeps losing money Bloomberg [ROCHESTER, New York] Eastman Kodak Co said firstquarter profit tumbled 17 per cent amid lower sales of its photographic film, higher marketing costs and
        Bloomberg; FILE PHOTO  -  507 words
      • 376 19 Sab-US&OOO personal computers grow in popularity Bloomberg [TAIPEI] For GVC Corp and other Taiwanese makers of personal computers, circuit boards and modems, the growing popularity of cheap PCs is squeezing profit margins like never before. GVC expects to earn less than eight
        Bloomberg  -  376 words
      • 320 19 Bloomberg [SYDNEY] Ten Network Holdings Ltd made its official debut on the Australian Stock Exchange yesterday and investors said the shares are already too expensive. Ten shares fell one Australian cent to A 52.54, an 18.1 per cent premium to the A 52.15 per
        Bloomberg  -  320 words
      • 339 19 Company expected to post third straight year of profit growth Bloomberg [OSAKA] Minolta Co shares yesterday reached a 1996 high on expectations that strong copier exports powered a third straight year of profit growth in the year ended March 31 and will
        Bloomberg  -  339 words
      • 155 19 AFP (TOKYO] Japan's Marubeni Corp is to join a US$l.B billion (552.9 billion) oil development project in Brazil with a Japanese partner and four oil companies, a company spokesman said yesterday. The trading house and Japan Petroleum Exploration Co Ltd, an oil development firm,
        AFP  -  155 words
    • INTERNATIONAL COMPANIES
      • 201 21 Johnson Johnson Q1 profit up 11% Bloomberg [NEW BRUNSWICK, New Jersey] Johnson Johnson said first-quarter profit rose 11 per cent as rising sales of some drugs made up for a decline in sales of a key medical product coronary stents. The company said its firstquarter net income rose to US$l.Ol
        Bloomberg  -  201 words
      • 360 21 Bloomberg [REDMOND, Washington] Microsoft Corp said it has no plans to allow personal computer makers to hide the Internet Explorer browser icon in its Windows 98 operating system, as they can under a court order applying to Windows 95. The
        Bloomberg  -  360 words
      • 265 21 Enron Oil Gas posts 17% rise in Q1 profit Sales of reserves, assets offset price foil in crude and gas Bloomberg [HOUSTON] Enron Oil Gas Co said first-quarter earnings rose 17 per cent, as increased production and sales of reserves and assets offset lower natural gas and crude oil prices.
        Bloomberg; Source: Bloomberg  -  265 words
      • 503 21 Company accused of setting false, high prices for some Nasdaq shares NYT [NEW YORK] Securities regulators have fined Morgan Stanley Dean Witter Co US$l million (Ssl.6 million), contending that the firm and its traders manipulated the Nasdaq 100-stock index by setting false, high
        NYT  -  503 words
      • 337 21 Company acts to slash costs amid weaker sales in Asia Bloomberg [FARMINGTON, Connecticut] United Technologies Corp's Otis Elevator Co said it will shed 2,000 jobs and more than two-thirds of its engineering centres amid weaker sales in Asia.
        Bloomberg  -  337 words
    • FINANCE & COMMODITIES
      • 292 22 BANK MERGERS The Nationsßank and Banc One deals will generate more than USsloom in fees, say analysts Bloomberg [NEW YORK] Merrill Lynch Co and Goldman, Sachs Co became the first Wall Street firms to advise on US$9O billion (*****.3 billion) of mergers in
        Bloomberg; AFP  -  292 words
      • 702 22  -  COMMENTARY If it's Just a convenient shop with high prices, then forget it By Robert Reno LAT-WP THE creation of anything as awesome as Citigroup has to rank with one of the Hapsburgs' more successful marriages, by which the very map of Europe was redrawn in
        LAT-WP  -  702 words
      • 287 22 It allows investment in a portfolio of top-rated unit trusts [SINGAPORE] Standard Chartered Bank yesterday unveiled a new investment scheme which buys into a portfolio of Singapore's top performing unit trusts. Called Personal Investment Plan or PIP, it allows investment in a portfolio of toprated unit
        287 words
      • 253 22 Bloomberg [TOKYO] Japan's life insurers say they are shopping overseas for bonds that offer higher returns than they can get at home. Japan in January dropped behind the United Kingdom as the biggest holder of US Treasuries as Japanese investors sold bonds to book profits
        Bloomberg  -  253 words
      • 209 22 SSMELReport Reuters [SINGAPORE] Simex Euroyen futures slipped slightly yesterday, though Japanese government bond (JGB) futures rose on hopes of a future interest rate cut. Bank of Japan (BOJ) board member Kazuo Ueda said late on Monday that he saw room for a
        Reuters  -  209 words
      • 156 22  -  MSGI TAIWAN FUTURES Cecilia Loh service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract plunged 5.50 points as Taiwan stocks feU to their lowest in six weeks. The Weighted Price Index closed 98.53 points lower at 8764.58 on worries
        156 words
      • 284 22 ENERGY REPORT Reuters [LONDON] Shaky world oU markets took another downward turn yesterday, frightened by the size of the glut in global supplies. Benchmark Brent blend futures for May loading were 27 cents lower in early business at U5513.73 a barrel. Dealers
        Reuters  -  284 words
      • 280 22 AFX-Asia, AFP London THE dollar moved sharply lower against the mark and other major currencies in late trade, as the release of slightly softer than expected US economic data encouraged all round profit taking, and comments from US Treasury Secretary Robert Rubin weighed on the US currency, dealers
        AFX-Asia,; AFP  -  280 words
      • Article, Illustration
        760 22 nTummwiigi A r N a a ic» n m m Mum* mum wj«ng m is^^^ass^iifiSSSBSSSISsisi tMi 1474 IUI 9039 6.649 1983 6.439 43.*****-481 1414 IS.224 4.007 **********0.433 17J7 MJJ ShS Franc* 0 252 0.235 1359 0.00 0198 1269 £493 1t4j» 020 LW 0403 £298 20JK 0*S L7M OjS »J02 2LM8
        760 words
    • 1264 23 8IOOM FUTURES lELli MKI{ttarw<MM« MUftl*) Itmil) Mvtlt =*7 ot5O So ff 500 1 S3 85 3 Sfc5 «S «8 5/555 WL» (tMM) M«5 £fi M35 555 TOO 5o jmn 52 So5 Utt 77.W IE ZM 7U0 EE 52 80.00 1770 SScM noo noo 8100 300 mo aw ■waoHiM*
      1,264 words
    • 1882 23 grnmngggH 6kj& loadoarrsr-ttO A»fJ •u NrtKCAC-«8 MP** StackDaMeOMX 3,0WW '14.10 SSs* 0 HI gSSS?"* Yg& 3S SwSM* *3ou ♦*w» AEfi ww ssdSS* ffl I—-— I —J "y* SS 20 n'j |j SSL S3 S! 3 5:1 13 S! 25 253?* fp H K H S ss f
      1,882 words
    • 1560 23 AFP, Bloomberg P Nikkei 225 -40* JAPANESE share prices closed 0.2 per cent lower yesterday, as initial short-covering after the previous day's declines failed to draw follow-through buying, brokers said. "Investors mostly remained sidelined ahead of tomorrow's G-7 (Group of Seven) meeting," a Chuo Securities broker said. "The main
      AFP,; Bloomberg  -  1,560 words
    • Article, Illustration
      1308 24 AFP Q Him Seas *W32 SHARE prices rose 0.7 per cent in post-holiday trading here yesterday on a strong US market boosted by mergers of banks, dealers said. "The market was mainly boosted by the movement of shares of HSBC Holdings pic," after the announced merger between Bank America
      AFP  -  1,308 words
    • Article, Illustration
      551 24 Reuters FlShemhaißlndgi +0.71 CHINA'S hard currency B shares closed mixed yesterday after foreign investors returned from the Easter holiday, brokers said. Shanghai B shares closed down slightly as foreign investors sold to take advantage of higher prices reached during their absence, they said. The Shanghai B Share Index fell
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  551 words
    • 315 24 AFP QWPbfax -ias3 STOCKS resumed the previous day's sharp losses, dropping 1.1 per cent yesterday amid negative leads and investor worries over the market's outlook, dealers said. "Investors lowered positions on fears of further losses," said Peter Chang of Polaris Securities Co Ltd. Investors were concerned about reported Chinese
      AFP  -  315 words
    • Article, Illustration
      750 24 AFP |Jf!«»pngitehlßi -7jH SHARE prices closed 1.5 per cent lower yesterday following concerns that the government ban on crude palm oil exports would not be lifted as agreed on with the IMF, dealers said. "It is a matter of consistency. A few days ago, (the government) said the export
      AFP  -  750 words
    • 356 24 AFP Q Composite Index -2721 SHARE prices dived 5.5 per cent on the Korea Stock Exchange yesterday on sluggish post-Easter foreign interest and fresh concerns over labour strife, dealers said. The weakening of the won added to pressure on the market as retail investors offloaded holdings and institutions intensified
      AFP  -  356 words
    • 592 24 AFP rl An Primaries +3&1 AUSTRALIAN share prices gained 1.2 per cent yesterday, pushed to a new record high by takeover and merger speculation about banks. The All Ordinaries Index closed 35.1 higher points at 2,840.9. The All Industrials Index closed 66.6 points higher at 4,904.5 while the All
      AFP  -  592 words
    • 254 24 AFP rl Wellington +8J STOCKS rose 0.4 per cent yesterday on turnover of NZSIBI.7 million. The NZSE-40 Index gained 8.9 points to 2,314.42. "The market's interest is really still dictated by the leaders," said Nigel Scott at ABN Amro. Brewer Lion Nathan Ltd rose 14 cents to a record
      AFP  -  254 words
    • 255 24 AFP FlUiafl* +ILSB PHILIPPINES share prices closed 0.5 per cent higher yesterday due to a decline in key government Treasury Bill rates, analysts said. Eric Tan of Abacus Securities Inc said the upturn was "because of the decline in the T-bill rates". The Composite Index rose 11.58 points to
      AFP  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • 8623 25 MMJSTMALS Coflswmr pctMt NN Last Vol Day Nat Cap MM» t— c«mp any Saia 'OOP Law P/E <tnH 3tO WO Ajinomoto 260 -IS 3 260 258 14.3 105.4 148 73 Angkasa 86 -4 42 89 86 2.0 126.8 290 123 Apollo Food Hlg 192 ,.15"? 388 190 BariayaLand 370 unch
        8,623 words
      • 398 25 n Composite Index -2.09 MALAYSIA'S Composite Index ended 0.3 per cent lower yesterday amid a weak ringgit and in tandem with a poor performance on the Tokyo bourse. "The bourse closed lower in line with the Tokyo bourse and the weak ringgit," an
        398 words
    • WARRANTS & OPTIONS
      • 3428 26 tm LMt Va« Day -V* Law »t— Company «T- COOP) Hm> Law Byyar »—af Prtca 23.5 m 3000 m AMD8 c5.5******6 18 20.5 3160 A Acar W*****1 US$ 13 unch 30 13 13 12.3 133 95 83 3164 AcmaW0K>724 23 -2 4 23 23 23 23 25 3161 ANTKb W*****7
        3,428 words
      • 195 26  -  WARRANT WATCH -By R Sivanithy THE thing about a falling market is that it creates tremendous opportunities for those brave enough to plunge in. Of course, this should be done carefully and as far as warrants are concerned, it's always advisable to buy time
        195 words
    • 2186 26 Transaction date Apr 14 imuthm men r Or Or ON laat Val Day Last Owata Dk 0k> «H M MCap Hl» Laar Itiw C»m»Ky HH TOOO) HH<I Law Buyar SaBar Cw ?/l W 135 28 m»5000 AIS8 5Qc 82 456 88 815 815 82 53 JJ U 312
      2,186 words
    • 5680 27 Transaction date Apr 14 Of er m B w Quota Olv 01* Yld Nat Cap 1998 L««t Clf P/t M MC« High Low StW« Company >«H (OOP) ►**<*» I— Buyar INDUSTRIALS 43 18.5 1020 ACE 0ynamics60c.... 31 unch 218 33 30 30 ttJ 0.4
      5,680 words
    • 1103 27 Or 8r MOT MM Last Val Day MOwM Mv 0* YM Nat Cd» A«« mil in wi» c— ht wt roo» hh t— Ni* w* ,l *l 134 92 2000 AM HM9*Sc 103 -1 3 103 101 100 103 45 0 in 243 7* 2049 AS Auto 10c 185
      1,103 words
    • STOCK EXCHANGE OF SINGAPORE
      • 211 28 Stocks Votonw •Reoong BM 50c 8,178,000 •M Resources 7,945,000 •Rekapadfic Bit 5,821,000 •UnipHoenix 5.529,000 *M9f Capital 5,316,000 Easyknit HKK)c 4,480,000 •Pub Bk Foreign 3,673,000 HKLandUSIOc 3,640,000 Wing Tai 25c 3,119,000 •tasasBM- 2,902,000 Stacks DBS Foreign 13,782,605 SPH 13,023,990 U08 Foreign 7,992,778 SI A Foreign 7,266,300 SingTeiISc 7.145.640 n* Resources 6.682.340
        211 words
      • Article, Illustration
        65 28  -  -by Shiv Taneja SESDAQ-LISTED Datapulse Technology closed one cent lower yesterday at 52 cents on a volume of 2.8 million shares, compared with its 10-day traded average of 984,500 shares. The daily and weekly RSI and Stochastics are oversold, and the counter could come under further selling pressure
        65 words
      • 670 28  -  STOCK MARKET COMMENTARY Trading dictated by concerns over Japan's health, corporate earning*, possible Wall Street blow-out By R Sivanithy [SINGAPORE] There was more gloom for investors in local equities yesterday as the nervousness over the future direction of the market increased.
        670 words
      • ON THE GRAPEVINE
        • 79 28 SEMBAWANG Engineering and Construction officials who were told to do a "soft launch" erf their latest Jurong Island mega engineering project must have decided that the best way to go about it was to do a "soft lunch" with invited journalists But ifyou are imagining a lightweigh
          79 words
        • 79 28 NEARLY 40 Inmarsat satellite phones were used In the rescue and recovery operation for the Silk Air plane that crashed last year near Palembang, in the Indonesian island of Sumatra. The accident zone was outside the coverage of cellular radio, so the portable satellite phones—mostly contributed by
          79 words
        • 111 28 IF you are looking for evidence that the US stockmarket has become a bit of a gamble, look no farther. Las Vegas, the mecca of gambling in the United States, is playing host to the Money Show next month. More than 50 investment experts will be
          111 words
        • 147 28 SEVERAL Asian currencies have rallied quite sharply from their lows in December and January, but investors expecting more of the same could be in for some disappointment, according to the latest Salomon Smith Barney's Weekly Pacific Perspective. Salomon said that with some exceptions, further upside for regional
          147 words
        • 58 28 WE know BTs Markets in Turmoil page makes for interesting reading, what with the gyrations in the region, but for one reader it took on thriller proportions yesterday. A BT reporter on his way to die office saw a reader biting his fingers as he read the
          58 words
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    • 352 18 Seminar on International Trade Finance Operations Risks, Controls Accounting Aspects Letters of Credit are important financing instruments in import/export transactions, so it is vital that participants in these transactions know what they are doing. A badly opened letter of credit could expose the company to many risks, such as costs,
      352 words
    • 133 18 7 days of Value v Stuart Anderson s Set-Lunches! Steakhouse in Good food, Good value J America and Good ambience. Prime Rib of Beet Set-Loach 16*90 All set-lunches include: A 5 oz. cut of our speciality. A Starter Seasoned, seared and slow roasted U.S.D. choice of Baked Potato Soup A
      133 words

  • Page 19 Advertisements
    • 206 19 SI <% a f at Clarke Quay Festival Village (11-19 April 1998) For just nine days, were celebrating the best of Britain in Singapore. If you re a food lover savour British delights British Beer A 13-16 Apr 6pm-9pm The Gazebo like beer battered fish and chips, steak and mushroom
      206 words

  • Page 20 Advertisements
    • 509 20 ""'H: ,-^^sr CTHMr &if i i" 9 f MsSmtem WmM t I/i*i# 3 I ;^WnimMkk@B^ iytil!■■■— &A-. mmmmir :MM 1 fßW^^^^^M||j%^iMM llerv ml n wu 4 1 7 .irf* :> t«r 4 "We sense the vibrant spirit here and look forward to seeing our products shape the 21st century." "At
      509 words

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    • 35 21 js /f VOLVO *v* •T; >, Ui.'::. .> v 4' < '*>:•£! .v.. r# >i" "5" :"i y j^v j_ SUCCESS ITSECF.f^^ %l^Hß|^^|; .'■ss X jt.-y f*. i? ite\ v u I'sAMA .■..;*/<• T*&&. >;V :V:r!&?. YOUR CAR HAS ARRIVED.
      35 words



  • Page 24 Advertisements
    • 49 24 L• me o, o. W If only everything m ♦Hie Bangkok market was closed yesterday for a holiday DAY TT buy a m It's easy. I'll just find it in The Straits Times Classified. j Dad does it all the time. Our house is like a zoo now. |CATS.|
      49 words


  • Page 26 Advertisements
    • 55 26 Lnnaies longines Sole Distributor: SMH SE A. (S) PTE LTD I 438 A Alexandra Road *05-03/04 Alexandra Technopark I I \t I Singapore *****7 Tel: *****88 Fax: *****96 y L' ELEGANCE DU TEMPS DEPUIS 1632 (Ladies) Ref. No. L 5.1554.75.6 Price: $L 395- VjJ' (Gents) Ref. No. L *****.75.6 Price:
      55 words

  • Page 27 Advertisements
    • 79 27 0 LEICA Fascination and precision -E'Ca You can get incredible photographic opportunities with Leica's I HUP miniiux, Z2X or the mini 3 models. Compact, cameras mim3 •<" < 7 Available at aumonsed LECA dealers Yet! please provide me information on Cameras Others /£l\ Please include me in your mailing list
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    • 721 28 BUSDVESS Notices To advertise caU toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Teo Kwang Meng of Blk 224 #06-157 Serangoon Ave 4 Singapore *****4, have applied for a Retail Liquor Shop Licence in respect of M/s Kwang Soon Minimart located at Blk 919 #01-457 Hougang Ave 4 Singapore *****9,
      721 words
    • 470 28 NOTICE IS HEREBY GIVEN that, I Chong Peck Seng of Blk 437 Ang Mo Kio Ave 10 #10-1365 Singapore *****7, have applied for a Public House First Class Licence in respect of M/s Beijing Steamboat located at 271 Geylang Road Singapore *****4, and that this application will be considered by
      470 words
    • 666 28 Sunday Classified -cie&Aftet at Clarke Quay \cajs\ Every Sunday, 9am spm M JM FRASER AND NEAVE, LIMITED BIW (Incorporated in the Republic of Singapore) REDEMPTION OF 1998 BONDS DATE Wednesday 15 April 1998 RE: SSIX.OOO.OOO 3% BONDS DUE 1998 (1998 BONDS") TO: ALL HOLDERS OF FRASER AND NEAVE LIMITED 1998
      666 words
    • 41 28 BUY it SELL?; FIND/7 Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. toil f«i 1800-737-1166 l«al (*H t*4«r f»r Imhi T«a*rrt«
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  • SHIPPING TIMES
    • 316 29 Bridge News TRADING was very quiet with many parts of the world still on holiday. The market in general is not expected to be that active this week with the Orthodox Easter holiday coining up. Fliiuiet TAMKBMk Trading from the Caribbean and east coast Mexico was active, brokers
      Bridge News  -  316 words
    • 230 29 CWTOMrMton. 0.705 -0.095 4 ChuanHu* 046 -a 04 127 CaacaHwwIiMnt-0*0 *002 7 FrvMNUnfe* 048 -0.005 109 01lllMMl 0-315 IWSMH* OS7 *0.01 17 MRacNZaaan 0.73 -0.03 203 meillUwti MK 5.60 J«»IIW*n<l 04S -0.035 3 Jurats Shipyard _7.75 -04S MS Corp 4.50 -040 SSS rcLS 444 Kappal Marin* 1.75 -0.02
      230 words
    • 382 29  -  Taiwan carrier will end cooperation with France's CMA on same trade By Marcus Hand [SINGAPORE] Yang Ming Line of Taiwan is expanding its relationship with the New World Alliance with the deployment of vessels on its Asia-Mediterranean loop. A joint statement from
      FILE PHOTO  -  382 words
    • 757 29  -  STRAIT TALK Ry I Seafarer A FEW weeks ago the International Maritime Organisation (IMO) celebrated its 50th anniversary. The UN body has become a prodigious producer of regulations covering a wide range of safety and environmental issues. Much attention is
      757 words
    • 485 29 Reuters (MIAMI] Carnival Corp will need to invest in ports around the world to handle the leading cruise ship operator's rapidly expanding fleet, Carnival's chief executive said. "As our company gets bigger, as our ships get bigger, we are going to have to make
      Reuters; FILE PHOTO  -  485 words
    • 382 29 AUSTRALIAN DOCK TURMOIL Patrick applies for injunction against sacked workers Reuters, AFP [SYDNEY] Australian police bundled dozens of protesters away from a Sydney wharf yesterday as one of Australia's biggest stevedores simultaneously launched court action to ease union blockades stranding millions of dollars worth
      Reuters,; AFP  -  382 words
    • 222 29 Bernama [KUALA LUMPUR] Johor Port Bhd is taking bold steps to meet the changing demands of the industry for it to stay competitive amidst the gloomy scenario facing regional economies, said executive chairman Mohd Taufik Abdullah. He said in the company's 1997 annual report that
      Bernama  -  222 words
    • 728 30 MALAYSIAN CAR MARKET But easing of car lending curbs is not seen lifting Proton/Perodua sales, as consumer confidence stays weak AFXAsia [KUALA LUMPUR] THE easing of credit limits for the purchase of cars worth up to RM40.000 (5517,520) is unlikely to significantly improve sales of Perusahaan
      AFX- Asia  -  728 words
    • 351 30 PACE ESP Lines W ANL 3 Ethiopia 6 Accord 8 6 Ahrenkiel M F ide M Appenship 5 foongSun 8 AslaOCL 15 FroU B t Astro 3 W Links >6 Austral 9 U"* Avant 6 Gemartrans 8 B'tang Mas 8 9 BSA 7
      351 words
    • 15658 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advarttjar Vassal Voyaqa Talaphona ETA ETA Advartlsar Vassal SIN Dast'n Nam. Nam. NumPar Numtwr SIN Oastn Nam. ,n 19/04 29/04 NVK VILLE OE LIBRA MS 44-2****** A 20/04 06/05 MSCAqy MSC XINGANG 004A *5 3252*50 To ABIDJAN (ABJ) 2003 To BUENAVENTURA (BUN) 2059
      15,658 words
    • SHIPS IN PORT
      • 746 45 Vtssd Voy No Bfth Arrtvrt D«p«rtur* K Afrizai *****6 'jOI ilongside 15.04/0800 M Ard#iyi 1APS96 J01 alongside M.04/600 MMat AP1H4 J01 ilongside 14.04/2359 It Sur Hi *****6 J01 alongside 14.04/1700 K Suriati 4 *****6 J01 alongside 14.04/2300 Caa* Aguftas 1M1 J10 ilongside 21.04/1700 Eret VeaKfty 4 J04 i
        746 words
      • 1828 45 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Booklng/BoUnco Rstls Ship Voy Ho Etb/Btr PtrM From To Fro* Aci Ms* 00* 17/1400 u M/BM M/N5* M/BOO a m/bm m/*5* win u m/itm 8/o*» n/otoo 21 V4/T700 8/M5* 8/0900 I 15/0700 B/1B* B/MM 4 15/1200 15/1451 15/1700 ion (7/U00
        1,828 words
      • 198 45 Apr 17 Greece: Orthodox Good Friday. Apr 30 Greece: Orthodox Easter Monday. Apr 20 New Zealand: Anzac Day. Apr 27 Australia: Anzac Day Holiday. Apr 28 Brunei: HUrah. Indonesia: Islamic New Year Muharram. Malaysia: Muharram. Apr 28 Japan: Greenery Day. Apr 30 Finland: May Day Eve. Netherlands: Queen's
        198 words
      • 922 45 THIS report, complied by Cockett Marin* Oil Ltd, thow* price range* In US dollar* mataad of tingle pricaa for a more oomprehenal ve description of the market Price* »hown are baaed on average-(lxed •tern Market movement* are Indicated The Cockett Bunker Price Index change and the
        922 words
      • 352 45 Carta* MO Mai MIS 2.0 17.4 OJI 03 0.09 kat I Demit? Water ImMim tin Itrntotm iitlwil No atovt £25 12 4 mo Am m i o J «.i 0.06 jo 0.02 uZ 300 Mu 992.9 0.9 19.9 0.13 M 0.07 wr» »n/M WW Wo atOM
        352 words
    • AIR & LAND TRANSPORT NEWS
      • 583 46 Political differences hinder qnick restructuring of industry Reuters [PARIS] Western European governments, on the brink of launching a single currency, face the daunting task of erecting another pillar of European integration a unified aerospace industry. The British, French and German governments
        Reuters; FILE PHOTO  -  583 words
      • 214 46 Reuters [WASHINGTON] The Clinton administration was to issue its aviation safety agenda yesterday to focus industry and government resources where the biggest improvements can be made. Top of the list are expected to be efforts to cut the number of controlled-flight-into-ter-rain (CFIT) incidents
        Reuters  -  214 words
      • 437 46 Bloomberg [ATLANTA] Delta Air Lines Inc said its top marketing executive resigned, further clearing the way for the airline's new chief executive, Leo Mullin, to install his own management. Robert Coggin, 61, will retire as executive vice-presi-dent of marketing after 42
        Bloomberg; FILE PHOTO  -  437 words
      • 186 46 Reuters [SEATTLE] Boeing Co's nextgeneration 737-800 model has been approved for certification by European regulators, the manufacturer said. Europe's Joint Aviation Authorities has recommended that its 27 member countries grant type validation for the new model, which was approved last month by the US Federal Aviation
        Reuters  -  186 words
      • 350 46 US appeals court upholds jury's verdict Bloomberg [WASHINGTON] Isuzu Motors Ltd's design of its Trooper sport-utility vehicle was not at fault in a traffic accident that killed a teenager, an appeals court decided in upholding a Texas jury's verdict. The sth US
        Bloomberg  -  350 words
      • 703 46 Bloomberg [TOKYO] All Nippon Airways pilots, who said they will strike for a 10th day today to protest against a 15 per cent pay cut, said their union can afford to pay members' salaries for three years. The
        Bloomberg; FILE PHOTO  -  703 words
      • 1531 46 CITT FLIGHT ETA FU6WT CT1 AMM $0230 19(0 Htaito IWO S0990 0115 Aastortaa KIMS 04S0 RUM 2300 0051 2045 C2352 0635 SO327 0755 S024 2320 Haaol **741 1310 WI742 0905 *1837 M55 J_ S0175 1840 S0176 "05 Auckland ****** 2050 M42B5 2045 $0286 2050 $02(5 2045
        1,531 words
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    • 1150 30 I muHkAMtnicA i I EXPORT I OTH** ohtinations tamCTTOL* I m m wr mat ma im an mu a«c wr ■mcoon 111 vissa wr m Ibmzmuo lumMmulutLM [10 |mmh I unomun Iwmmum |S!t h tAiMii ui. —sjtjj I cjß lw/»< iTTTH I ri/M I m/M OMHOMUM MBII 11/ M 11/
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    • 582 30 Unes&servcesrepresented Members <* the |2®S®"l Wernbers o< the Registry orf Singapore Freight Forwarders Accredited Shipping Agents EjUp Association y'l'V Singapore Shipping Association Send out 48,000 sailing schedules Place an ad in... SHIPPINGTIMES Just talk to us~ IrtsUm 740 2044 J*rodL®ong 740 2089 EXPORT 3 x Japan •2 x Hongkong -1
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  • Page 31 Advertisements
    • 965 31 TO EUROPE FROM EUROPE Imi VOY SM RTM AM HAM MY SOU FIT UN I [vBSa VOY RTM AM HAM MV SOU HT UH SM NOIAMAZOMn 5154 14/04 09/05 04/05 07/05 04/05 HYCOMMOOORf *****1/0315/03 14/03 23/13 H/14 LA LOW IIM 17/04 03/05 05/05 00/05 01/05 NOIPfARI 4J31 24/03 21/03 30/03
      965 words
    • 1546 31 HANJIN SHIPPING HANJIN StMfPING (5) PTI LTD COM lOOKINC *****35 737 SAIIS *****74 731 OOCUMfNT *****71 774 OftMTKMfi *****41 752 MAM UK *****55 W *****40 Ct HO *****0000H TO NW USA it CANADA US ratvst/voT oam |sw umhau/vot 5a mt obi roi en m» pit wt mm m ww m
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    • 385 31 FULLY CONTAINIRIIID PiPICATIP fKVICIf ytssa ypr sw _ntt_ _m_ jj«_ his m us! ws MU y ft G M |f 0 s t f o srl JOII IOSH 03/ m 10/ M 11/04 1 4/04 IS/04 c"u»G j MIS 1I uffi IwpWh 1 Ksli Ila/SI iffi I MCNUHU IsT OS/TV
      385 words

  • Page 32 Advertisements
    • 1390 32 MR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDriI&KRANEANCANADA VHStL VOY 7T IfH HTM ANR HAM IRV FIK VESSEL VOY SM <0 GIT SFE FOS WX_ MTR_ TRADE SELENE WQSI9 17M IS 06 0t 05 07 05 MM 1005 PATMOS SENATOR WMSI9 «<JJ UK 15 OS WIS 24 OS HANJMCOLOMBO WNSI7 21
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    • 1457 32 MY IWBBNC® Internet Web Sit* http: //www.yml.cofn.tw ft*.-*! mimmmmMmnmiimmmmmmnmimanuuM.uvm TwrawsmY EVERY thursoaY/SUNOAY VESSEL VOV SIN CMS RTM HAM FXT LEH ANR MING MOON ABISW 16/04 20/04 08/05 06/05 05/05 10/05 MING SOUTH JBISW 19*04 06/05 08/05 09/05 11/05 DOVER BRIDGE ABI6W 24/04 28/04 16/05 14/05 13/05 18/05 MING NORTH JBI6W
      1,457 words
    • 439 32 JESSELTON LINE S9 r A mi a«ii4s« paxs asaaii a 1 MUARA LABUAN 1 VESSEL VOT ETD ETA VISS& VOY ETD ETA SPOKE MUAKA SPOM UN Jl PROSPER VIOI/90 17/04 70/04 W* W* APRtGLOtY VIOI/98 77/04 25/04 J J. PROSP9 VI lE/01 24/04 N/04 »£J Afttoorr vni/w 01/05 04/05 aprkooky
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  • Page 33 Advertisements
    • 1180 33 VESSEL VOY SIN POU PKQ PEN BiW _gUfj DUB BA 1* IRAN VOJDAN PJL 1278 16/04 J®** MALACCA GLORY PJL 1285 14/04 IRAN GHEYAMAT PJL 1278 24/04 IRAN VAHDAT PJL 1284 12/05 21/ OB zz/oo IRAN TAKHTI PJL 1288 19/05 2™ 29/05 IRAN TEYFOURI PJL 1287 26/05 I L_= Lz
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    • 1604 33 TO SHAMBHJU XINGAN6 J SINGAPOOf'S GCMRALMCNTS: 4 MMm* *»Y TH: *****00 tt*:*****00 OUTOUDIO/D *****02 Xj&lOWtfc COSTAR SHIPPING PTE LTD #17-08 MS HOG SAUS/MGS 4205M1/43 INWARD DOT (0/0) *****15 COSTAR AGENCIES (M) SDN BHD aEwvSZm TOmKTMHOfcMO*) CO«V»mO«Ai *****50/55 T/SHHITDOT t *****25 va/vov [wTI n sm 4 m n m s« asm
      1,604 words
    • 458 33 |:i— EASTERN CAR UNER, LTO.'*SIWS.7 4t lEj la (SINGAPORE) PTE LTD ZXSZL specialize .nro«oi utto KL (SINGAPORE) PTE UO -> LOADING FOR YOKOHAMA OSAKA YANGON CHITTAGONG MV "CORAL HERO" V.6 MV "OCEAN BRAVE" V.B ETA SIM 23/04/98 ETA OSK 02/05/98 ETA SIM 25/04/98 ns/ns/9ft 30/04/98 ETA YH 04/05/98 ETA CTG
      458 words

  • Page 34 Advertisements
    • 429 34 r H EVERGREEN 1 Full Container Service RTW SHIPPING (S) PTE LTD M SIA Agents: GREEN PENINSULA AGENCIES SDN BHD 333 JAIAN BtSAR SHAH ALAM TH 03-/*****6 FAX 03/*****6 SINGAPORE *****8 KUANTAN 1(109 583/366 FAX 09 *****16 BNG DtPI DID: *****62 *****63.*****64 PORT KLANG (TERMINAL) til 03 3/***** FAX 03
      429 words
    • 909 34 a«MAC-HELS SPORE M'SIA I Carrier MN CONTR LINES, INC I -KW~ J cm MO: IMO67SOOOOC SIBU: (064) *****9 MANILA: (632) *****24 V W v 9 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANC: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHXG (062) *****1-3 MANILA GENOA/BARCELONA MV
      909 words
    • 412 34 r*a> NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel I VOY 1 sm I pm I out I cn I »/uT GOLDEM DtAGON VOO4S 21/04 30/04 OS/OS ot/05 NANTAI FtINCESS VO2IS 30/04 14/05 17/05 NANTAI QUEEN VO27S 09/05 17/05 22/05 2A/05 21/05 NANIAI MtAGON VOQ4S 17/05 24/05 30/05
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  • Page 35 Advertisements
    • 307 35 I BSfl .i. Mfc MYANMA \BBk FIVE STAR UNE r (Myownar National Um) L««dhif for Yiijn (Raogoo) vtssa vot sm m m ra PAGAN 254W SU> •AGO WW $10 MALAYSIA AGEMTL OOUSTEAD SMffWG AGENCIES KUL TH 02-03-*****00 PRL TO 07-03-376*101 rot TH 02-04-2****** POO: HI 02-07-*****21/4 BANK UNE (A xrvki
      307 words
    • 1119 35 IA HYUNDAI MERCHANT MARINE CO. UP. vot i sou ien iro ant i haw i rav ire Ml NttAMAZDMTE 301W 14/04 04/05 04/05 04/051 27/05 NT COWMCO® 3111 25/03 21/03 W JJ/JJ »4W 17/04 5/05 04/05 03/05 05/05 NolPt*l JW Wg M/M Z JWJ HTGBBAI 311W 20/04 04/05 07/05 04/05
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    • 872 35 norvxgicn tpmdctmd oukxomars MT MMUN£S TO NORTH AND LATIN AMERICA 4 RORO HEAVYUFT SERV,Cr fvlssa VOY I RAW HOGNT SIM lAX CH MIA SAV ML OOF MYC WW MM tampa as! wcr~ai irwHT?7#rwor" ~H7iTfl7srwsr msrwsrwsr wsr TALAOOT FBO9 400 lm 4JM 01/0S 25/05 02/0* 04/0* 00/04 10/0* 11/00 12/04 17/04
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  • Page 36 Advertisements
    • 667 36 BANQKOK/tABM CHAIAMO J AKAWTA/PAH J ANO VESSEL VOY SIN BKK LCH VESSEL VOY JKT PJt KIT! BHUM" 49N In Pt 17/04 DEJA BHUM 743S NANTA BHUM 389N In Pt 18/04 17/04 MATHU BHUM 3MS 18££ SINO MARINE MRN349 In Pt 17/04 MATHU BHUM ***** 1 PIRA BHUM 41N 15/04 18/04
      667 words
    • 407 36 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 Kffl TLX: R*****6 SINMER ■iB CR No: **********0W Receiving Cargo at PTI Blntulu 1 1 Muara Z3 VfSSII VOT SM IDJ" VOT sua I Ida* WBosf 11-lt/M 24AM »Wo7f 14-17/04 77/04 USenc V9BOBE 26 77/04 07/05
      407 words
    • 813 36 ACCORD SHIPPING PTE LTD TIL *****1S (40 Un«») FAX *****30 TOtT UMG (0S) St 7 1001 DIRECT ACCiSS TfL S667SSS (EXPORT BOOKING) MSMOUMMG t 107} SSI IV7 *****34 (EXPORT DOC), *****39 (IMPORT) FOUNG (04) SSI 1440 URLiHTTP://WWW.ACCORD.COM.SO WUUtU s fflj *00 9/79 WSA/ "wit eu sin ron n* sin i
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  • Page 37 Advertisements
    • 340 37 INDONESIA NATIONAL LINE I TOEUROPE T I T?* MM.H-QST H »U»0 »MM{M MiTwiM I yarn <ml h-it/oT u/m h/m omit »w I TO AUSTRALIA 1 v* wTpnT m k w a w mm wtuiiiw—; tut nw aw nm Mil 01CAKLLA |w*< 11M 1W HW jm BMB WUIKUHM KM |ItM IM4
      340 words
    • 712 37 PACIFIC INTERNATIONAL UNES (PTE) LTD I i!SSSgjS? 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CH NO **********06 —yy i mm sl. vr IZF 1 i'\ »s i?i '£&%$r ST" -W rft K/1 vln ah »v< I H>rl TRTTrj^n?i.Bj.i.nnL'N:PT?min¥TTf^M «< "55 «i irr Si nS 55 s* SSUm m
      712 words
    • 644 37 I VESSELS I VOY «N 1 JED I MU I ift I HAM I THP I WTM I ZEE H MLLEDETAURU6 A2BW 18/04 iW WM 00/06 06/06 06/06 06/06 00/06 VtXE D 1 AQUAWUB U2BW 21/04 28X04 04/06 10/06 11/86 13/86 13*08 14/06 VU-EOCANTARES L2BW 38/04 06/06 11/06 17/06 16/06
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  • Page 39 Advertisements
    • 50 39 To retrieve more schedules, just follow these simple steps... Ste P/^Th e document Jnial 740-6000 ep be faxed Jg the port I *T*%Entev your Step key in the four number digit code T Key in your Example: fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      50 words



  • Page 42 Advertisements
    • 1179 42 SAMUDERA SHIPPING LINE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAM 7 slgs/week [2J*****1 2 slg/week IVESSEL fVOY TSIN [OAK H [VESSEL VOY SIN I PLB SINAR NUSA 998
      1,179 words
    • 566 42 \*omm ENGLfE SHIPPING CO PTE LTD I I M SUH7S (4 Umil tau SMNU/SIMtM I afctIMIMIMIX I VISSIL VOY SIN FM SIN EID DESTINATION Ibohoßcru 04/98 IS/04 17/04 Bemwr Union Slot 10 04/98 IS/04 18/04 Suratnya/JakortD toco Polo 12 09/98 15/04 16/04 Kuolo Turgoci OwiOoyo 05/98 1 5/04 16/04 Pwmwc
      566 words
    • 472 42 m PAR EAST 19/04 KEELUNG/KAOHSIUNG 19/04 BANGKOK 20/04 MANILA/CEBU 19/04 JAKARTA/BELAWAN/SURABAYA 19/04 PORT KELANG/PENANG/E MALAYSIA 21/04 BUSAN 19/04 TOKYO/YOKO/KOBE/NGO/OSA 19/04 HONG KONG £!M CHINA 19/04 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 19/04 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 21/04 LOS ANGELES/NEW YORK all IPI points
      472 words
    • 481 42 9 Singapore Soviet Shipping S&Co. Pte. Ltd. CR NO: 100S*****00N BOMBAY VESSEL VOY SIN BOM PNG PKL TRADE FAST TFS2I7 16/04 23/04 04/05 06/06 KOTARATU RTUOO7 24/04 02/05 12/05 14/05 FAIRY EAGLE 112N 29/04 07/05 17/05 19/05 KOTA RAJA RJAOI9 03/05 11/05 21/05 23/05 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA
      481 words

  • Page 43 Advertisements
    • 773 43 J ASIA MHMTPtRANEAN EXPRESS (AMI) WISTBOUNPsSmVKI wccw VOY SIN p|R GQA VIC LEH ANK I FXT I MSC RAFAELA 9814-3 17 APR 30 APR 02MAY 04 MAY 07 MAY— Q9 MAY 10? MAY n7ffv SSAY ITgr 14MAY I£MAY 16 I MSC MARTINA 9816-3 03 MAY 16 MAY 18 MAY OMIT
      773 words
    • 1634 43 Smumm I got I MM »W HOI m untESS MWAIS 1104 02M 04M 05.05 M.05 KTIPtOOOM IMAI2 21M 23M SMS SMS MM SIM SIM SSM 2104 OOdSMGAFOKf OSVMIt 24.04 MM lIM 12-0$ IMS NYI ANTAMS OJUI3 »M 3113 lIM MM 21jM 27 jM 2104 MM 30.04 NYRSMMB OMIMI7 3»M IMS
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  • Page 44 Advertisements
    • 413 44 \m TICER-LlflE Singapore Madras Shuttle Singapore Calcutta Shuttle Colombo Calcutta Shuttle Madras Colombo Shuttle Colombo Tuticorin Shuttle Colombo Cochin Shuttle Agents. Ben Line Agencies Contact Peggy Hwang or Mary Teo Tel 225 3522 Fax 224 0163 DIRECT LINES *****80/*****81 BE (LORY NAVIGATION GROUP BEBULAR LIHER SEHWICE OWNED AND OPERATE LOGGERS/TWN
      413 words
    • 848 44 I FREIGHT UNKS EXPRESS I jht 62 Toh Guan Road, Singapore *****1 Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg CONSOLIDATION SERVICETO INK FOLLOWING PORTS LAIM CHABAHO (LCB), MALTA (MLA), ISTANBUL (IST), IZMIR (IZM), BUINOS AIMS (BUI) AND SANTOS (SSZ). VESSa EIDSM ETA LCB HA IST EIABUE ETA SSZ ETA
      848 words
    • 1060 44 M I OOCL (Sinoopore) Pte Ltd CFS Keppel Distrpk forbookmg A 179 Amm RmJ #21-04 (S) *****6 *513 #01-128 testify ((g). V CI NO **********0N W: 272 7127 cat 3269 180 I kt *****13 f« 221 3942 f«: 272 7125 L MOOT mma MM/ MMH Q AWTMUA TO USA w
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  • Page 45 Miscellaneous
    • 121 45 LEGEND: R Thunderstorm Temperoture o Q A\ Shower Weather Wind direction with speed n knots ee Roin Cloudy Sky Wov h *fl ht Surfoce wind* art indicated by arrow* which fly with the wind 0 One fu» circle represent* colm or light and vorKjble wind* On, half Heche represent* 5
      121 words