The Business Times, 12 March 1999

Total Pages: 54
1 54 The Business Times
  • 11 1 THE BUSINESS TIMES MIT£(PJWB«8 85c SINGAPORE Internet http://business-times.asial.com.sg/ FRIDAY, MARCH 12,1999
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  • 52 1 Dun-nc+uo) o«M*(+BJt) nsOBQIOniEB mm 2MLM (-1.10) BKT""* ilWHHTl—UB Thonday Change KLSECOMP UXXJ 4M NIKKEI lfijMB.14 +M.14 HAN08ENG MJttSl Ml SET OIDEX MM1 JAKARTA COMP—I7EI4 AM MANILA OOMP _IJHH -MM TAIPEI WP1 A4MM MM SEOUL OOMP *ttn CLSA CHINA B 44UI *VM AUSTALLORD XSMJ ♦till ltaon EST Chaagc DOW
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  • 76 1 FOREX KATES U8S 88 IM_ L7M £(USS/SSper£) 1JM 1825 EUR0fU88/88 per E) 1.N9 LBN DM 1.781 If71 YEN 1*4 1.441* KM IBM 1.417 HKS 7.749 tH4 RAW 87 JS MM BUPIAH MM Mil' ISfmmmm FUME 1ATBS SEWATORE* UK KUALA LUMPUR Hit Jakarta mm BANGKOK 147k MANILA AN BONG BONO
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  • 759 1  -  Anti-speculation measures, including gains tax, to remain, says Dr Hu By Corinne Kerk, Siow Li Sen (SINGAPORE] The government will leave the private property market alone as it has undergone a price correction "reasonably well" and posed no systemic risk to the
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  • 630 1  -  No decision yet on frozen Malaysian Clob shares From Eddie Toh m Kuala Lumpur COMPANIES listed oil the Kuala Lumpur Stock Exchange will have to make quarterly disclosures of their results instead of every six months, the exchange announced yesterday as part of measures
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  • 750 1  -  By\ Larry Wee [SINGAPORE] In a day of market drama in Asian currency trading, the Indonesian rupiah was sent skidding to 9,500 against the US dollar yesterday, down 4.6 per cent on the day. Adding to the drama was another yen-moving statement by v Mr
    Source: Bridge  -  750 words
  • 83 1 Reuters THE Dow Industrials roared to within reach of 9,900 points before edging back at mid-day yesterday, driven by oil stocks and optimism about the robust US economy. At mid-day EST, the 30stock blue-chip index was up 99.07 points at 9,871.91. Trade was active and declines
    Reuters  -  83 words
  • 931 1  -  Profit share from associates also fell sharply From Quak Hiang Whai in Hongkong PROVISIONS against sharp falls in property values and other investments slashed the net earnings of Jardine Matheson Holdings by a massive 84 per cent to US$5l million (5588.2 million) last
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  • Page 1 Advertisements
    • 67 1 MBIMi oSvbSSktfiSr Full report, Pf 10 fc Charge of the card brigade EM12&14 flNNraiu* Singapore Telecom yesterday announced a major restructuring which will see its chief, Lee Hsien Yang, focusing mere of his attention on growth areas such aa overseas ventures. Pa 13 UUHTMIITB PARLIAMENT 3,3 SINGAPORE 4.5 REGION A
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    • 43 1 Group tax relief will knot up tax system, Pg 2 More reporta, Pgs 2 3 WHO IS BEHIND AN AIIDE M A R S PIG Ut I WA T CH? fS 11' It DKMAKS I'Kil KT 'i'i \jg 11l HI, •f i f
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    • 58 1 Jardine group has no plan to relist in HK, Pg 18 No yuan devaluation in '99 6/ am the governor of the People's Bank of China. I have never organised nor studied setting up a small group to study the question of an actual devaluation of the renminbi. China central
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  • PARLIAMENT
    • 775 2  -  tfovt also explains •position on over 100 proposals from panel «on Singapore's competitiveness py Carol Eng •IN A blow-by-blow account of 'what it thought of over 100 •specific proposals by the on Singapore's (CSC), the •government said it agreed 'with most
      775 words
    • 388 2  -  Teh See Kiat hits at price-fixing manufacturers IPy Marissa Chew tourism and ♦retail industries are reeling -from the drop in visitors, and its "stale and outdated" attractions do not help. This point was brought up for Ang Mo Kio GRC nderjit Singh
      388 words
    • 440 2 CUTTING taxes and relaxing tax regulations beyond a certain point will lead to the government foregoing too jjfuch revenue and so run theJHfcof permanent budget dJHte. Finance Minister has said. Dr Hu was responding in Parliament yesterday to issues raised
      440 words
    • 1051 2 IWe're trying to build a S'porean identity while retaining strengths and traditions of ethnic groups, says BG Lee 3Ve reproduce here DPM Lee Hsien ILoong's off-the-cuff response to JKShanmugam's speech in Parlia- ment on Wednesday on racial harmony and cultural elites ""fA JHT" R ShanmuHiM
      1,051 words
    • 414 2  -  Foreign construction firms use predatory pricing, he says By\ Siow Li Sen MOST foreign construction firms practise predatory pricing and are able to benefit from the government's policy of awarding contracts based on the lowest price, said Nominated MP Chuang Shaw Peng
      414 words
    • IN Brief
      • 119 2 THE Productivity and Standards Board will be launching an SME 21 blueprint later this year, (totalling the government's vision of how small and medium-sized enterprises would be positioned to meet the challenges of the 21st Century Trade and Industry Minister Lee Yock Suan said
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      • 71 2 IN reply to complaints from various MPs that the application process for the various schemes to help small and medium-sized enterprises was too long-drawn and bureaucratic, Trade and Industry Minister Lee Yock Suan said that the PSB has further simplified its application forms for the
        71 words
      • 91 2 MPs also asked that the Local Enterprise Financing Scheme be refined further to help small and medium-sized enterprises. In response, Trade and Industry Minister Lee Yock Suan said the LEFS was enhanced twice last year to help more SMEs obtain short-term loans to ease their cashflow
        91 words
      • 61 2 TO improve indicators of cost-competitiveness, the Department of Statistics will be rebasing the unit business cost index of the manufacturing sector on the 1993 input-output tables instead of 1988 figures, to provide latest available costs and industrial structure of the Singapore economy. This will be
        61 words
      • 79 2 A SMALL reverse osmosis (RO) plant for water desalination will be built as part of the first phase of Singapore's maiden desalination plant In Tuas, said Trade and Industry Minister Lee Yock Suan. The desalination plant will use distillation to purify water, but a snail RO
        79 words
    • 414 3  -  By, Ang Wan May THE government has agreed in principle to lower the quantum of differential premium to be paid by industrialists for intensifying their land use. The differential premium is a charge for the increase in value of leasehold industrial
      414 words
    • 538 3  -  HngKiang also says principles on pricing new HDB flats remain the same By. David Boey THE government has slashed prices of Housing and Development Board studio apartments (SAs) by 25 per cent. This cut means elderly lessees stand to save between
      538 words
  • Page 2 Advertisements
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  • SINGAPORE AT HOME & ABROAD
    • 524 4  -  Isetan wants to run own superm&rt and Kimisawa can't find comparable location Reports by] Rahita Elias YET another Japanese player is pulling out of the Singapore retail scene, shedding 150 jobs here. Kimisawa Supermarket (Singapore) Pte Ltd, which has been in Singapore since
      SIEW YAW HOONG  -  524 words
    • 287 4 ISETAN Singapore is getting into the supermarket business, just as soon as Kimisawa vacates its premises in Shaw House. Isetan sales promotion manager Gerard Cheng told BT yesterday: "We decided to run it ourselves because every Isetan overseas has its own supermarket, which is managed and run
      287 words
    • 326 4  -  Grouping bags premium volume of $12m in first year By\ Soh Tiang Keng THE Singapore Insurance Group (SIG) a strategic alliance of 12 local general insurance firms set up to underwrite large industrial risks and compete with big foreign insurers has got off to
      326 words
    • 228 4 EYE 0M THE ECONOMY Outlook SINGAPORE'S gross domestic product (GDP) is forecast to rise 0.9 per cent in 1999, and a stronger 3.2 per cent next year, according to a Reuters poll of 10 research houses. In a December poll, economists
      228 words
    • 507 4  -  ACU deposits have shrank, Singapore has not profited from capital flight: BO Lee By Conrad Raj CONTRARY to popular belief, large sums of money have not come to Singapore from neighbouring countries as a result of the regional crisis, says Deputy Prime Minister Lee
      507 words
    • 276 4 THERE'S no letting up to the home loan war, as Keppel Tat Lee Finance yesterday cut its mortgage rates yet again to pip the offers made by most of its bigger banking rivals. The finance company which made news last week when it
      276 words
    • 414 4  -  Sources say report submitted around end-Jan; ministry yet to respond By Anna Teo '.LIKE the lawyers, the ac- countants are also seeking to 'corporatise. The Institute of Certified Public Accountants of Singapore (ICPAS) has sent a report to the Ministry of Fi- nance asking
      414 words
    • 275 4 Intermediate nnits going for an average $1.05 m YUNNAN Realty will be releasing another 35 terraces at its Yunnan Gardens development this weekend at prices similar to the previous batch in December last year. The latest batch consists of 27 intermediate terraces and
      275 words
    • 298 4  -  It's seasonally-soft quarter after busy Christmas; analysts Reports by. Jennifer Lien CONTRARY to recent expectations, the disk drive industry is experiencing a typically soft first quarter instead of an extra-strong one, industry analysts said yesterday. Speaking at the Diskcon disk drive conference, Michael Carboy
      298 words
    • 473 4 New disk drive course to get skills training subsidy HIT by excess capacity and price erosion, the data storage industry shrank 2.9 per cent last year to $19.5 billion, said Minister without Portfolio Lim Boon Heng. Speaking at Diskcon, a disk
      Source: EDB  -  473 words
    • 555 5  -  By 2005, Singapore will have lines totalling 154 km, np 86% from now By Christopher Tan THE government intends to extend Singapore's rail network to "all developed parts" of the island, said Communications Minister Mah Bow Tan yesterday. "We envisage a close
      555 words
    • 257 5 HOMEGROWN Singatrust has entered into a 50-50 joint venture with US-based SCP Global Technologies, a supplier of surface preparation technology, systems and services to the semiconductor industry. The joint-venture company, SCP Global Technologies Asia, will initially distribute and service SCP automated surface preparation tools
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  • Page 5 Advertisements
    • 507 5 \fA±J 1 a°° *****9 1 I ST. PATRICK'S CELEBRATIONS ©J APPEARING 'LIVE' Gs] IK "TOO-RYE-AY" UMXfo 10 rSJ 5-piece Paddy-party makers! mSillpL Sj (0 ffiiV (10th to 21st March) ■*TJ? SUNDAY 14TH MARCH <W IS [£< 1999 GUINNESS Singapore Oyster Opening Championships rvj Delicious traditional Irish 3-course roast lunch $25
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  • REGION
    • 542 6  -  He's expected to meet SM Lee and other S'pore government leaders From, Shoeb Kagda in Jakarta INDONESIA'S President BJ Habibie is sending Muslim leader Abdurrahman Wahid as a personal emissary to Singapore to help repair ties with the Republic. The move is
      542 words
    • 373 6 KOTA KINABALU PM expects coalition to win by at least a simple majority Reuters, AFP MALAYSIAN Prime Minister Mahathir Mohamad crisscrossed the remote eastern state of Sabah yesterday in an eleventh-hour bid to win his first electoral test since
      Reuters,; AFP  -  373 words
    • 228 6 BANGKOK AFP FOREIGN finance experts in Thailand were in a state of shock yesterday following the murder of an Australian executive who was advising a troubled firm. A team of Australian financiers was evacuated yesterday from a central Thai province to Bangkok and placed
      AFP  -  228 words
    • 300 6 AMBON, Indonesia AFP INDONESIAN police yesterday handed over control of this riot-torn city to the army, after a day of pitched battles between Muslims and Christians that left up to 10 dead and scores wounded. "The command and control for riot situations will be
      AFP  -  300 words
    • 331 6 ANWAR'S TRIAL Azizah stopped from passing phone to him during adjournment Reuters [KUALA LUMPUR) Sacked Malaysian finance minister Anwar Ibrahim lost his temper in court yesterday after he was barred from using a cell phone during his corruption trial. The angry
      Reuters  -  331 words
  • Page 6 Advertisements
    • 657 6 rrlr.V.MI Hitachi Zosen I I Keppel Hitachi Zosen Limited I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 31 DECEMBER 1998 I The Directors of Keppel Hitachi Zosen Limited advise the following unaudited results of the Company and of H the Group
      657 words

  • Page 7 Advertisements
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  • ASIA'S ECONOMIC SLUMP
    • 662 8  -  Uncertain if Senate will pass law today or postpone debate and derail reform From Harish Mehta in Bangkok THAILAND'S economic reforms were poised on the knife's edge yesterday as uncertainty grew over whether the Senate would pass a much-needed bankruptcy bill today, or derail
      662 words
    • 324 8 HKMA says if ynan's devalued, HK$ need not follow suit Bloomberg [FRANKFURT] The Hong Kong Monetary Authority (HKMA), the territory's de facto central bank, may be more lenient in enforcing its capital requirements for banks having difficulty provisioning for bad loans, according to
      Bloomberg  -  324 words
    • 627 8 Bloomberg [BEIJING] China central bank governor Dai Xianglong yesterday repeated pledges that the yuan won't be devalued, and denied news reports that the bank has set up a special committee to study the timing of a devaluation. "I am the governor of the People's
      Bloomberg; AFP  -  627 words
    • 287 8 AFP [BEIJING] Non-performing loans of China's state-owned banks do not exceed 10 per cent of their total debt, central bank governor Dai Xianglong said yesterday. Mr Dai also outlined bank recapitalisation plans he said would require huge amounts of money.
      AFP  -  287 words
    • 485 8 Reuters [SINGAPORE] Asian countries appear to be hauling themselves out of their economic slump but progress is patchy, a Reuters poll of more than 100 research units shows. The survey, which excluded Japan, showed on the whole expectations had turned a bit more bullish.
      Reuters  -  485 words
    • 308 8 Bloomberg [JAKARTA] Indonesia's economy may expand in 2000 for the first time in three years if the government is able to push forward with political and banking reforms, the World Bank projected in a new report yesterday. The economy will likely contract
      Bloomberg  -  308 words
    • 286 8 AFP [MANILA] The Philippines' recovery from the Asian financial crisis will be slow and difficult, top corporate executives warned yesterday, and urged cost cuts and pay freezes. Many factories are still operating well below capacity while others have slashed their work-week to three
      AFP  -  286 words
    • 537 9 BEIJING Central bank says Bering will give ground on finance, commerce and trade Reuters CHINA sent strong signals yesterday that it wants to complete its bid to join the World Trade Organisation (WTO) by the end of the year, saying it would
      Reuters  -  537 words
    • 409 9 BEIJING Central bank chief says debts much bigger than expected AFP CHINA'S central bank governor Dai Xianglong said yesterday that foreign creditors of the failed Guangdong International Trust and Investment Corp (Gitic) would not necessarily be repaid first, as had originally been
      AFP  -  409 words
    • ASIA Briefs
      • 60 9 Reuters [HONGKONG] Hongkong's legislature yesterday rejected a raxxrafidence motion against the territory's top justice official over her handling of issues linked to China, sparking new criticism fhjmpro-demoerttcy lawmakers The motion against Secretary fta* Justice EMe Leung was the counciT* first attempt to ceniure a top government
        Reuters  -  60 words
      • 105 9 Reuters [BEIJING] China's Supreme Court has ordered courts to open up most trials to the public as part ofefforts to boost transparency, state media laid yesterday. But Chinese legal experts said trials ofdissidents were unlikely to be opened to the public China
        Reuters  -  105 words
      • 97 9 Bloomberg [NEW DELHI] India may consider a plan by sane fertiliser makers tojointly set up a natural gas project that wffl help them cut production costs, said a spokeswoman of the ministry of chemicals and fertilisers. A committee set up by the government will
        Bloomberg  -  97 words
      • 66 9 AFP [TOKYO] Japan's private sector machinery orders dropped 22.9 per cent in January from a year earlier, extending their falling streak to the 10th consecutive month, the economic pfenning agency said yesterday. The January figure followed a 14.3 per cent fell in December, it
        AFP  -  66 words
    • 216 9 BRISBANE Reuters AUSTRALIA'S xenophobic One Nation was stripped of its party status and had its parliamentary funding slashed in the state of Queensland yesterday after losing six of its 11 elected MPs. Under Queensland law, a political group must have a minimum of
      Reuters  -  216 words
    • 323 9  -  Millions stolen; scam involved kindred* of Indonesians From Surinder Singh in Sydney AN organised crime ring which stole millions of dollars from bank ATMs and involved hundreds of Indonesians, many on student visas, has been smashed, police here said. A police spokesman was quoted
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    • 63 9 [PANMUNJ OM] South Korean Hyundai founder Chung Ju Yung (right) being helped by his son Chung Mong Ku (left) chairman of Hyundai Motors Co, after returning to South Korea from North Korea through the border at Panmunjom yesterday He crossed the border on Tuesday for
      AFP  -  63 words
    • 275 9 SYDNEY Reuters, Bloomberg AUSTRALIAN stocks shot to close at an all-time high yesterday driven up by upbeat employment data and surging business confidence. The benchmark All Ordinaries index rose 19.1 points, or 0.65 per cent, to a record 2,950.50 finish. It hit an all-time
      Reuters,; Bloomberg; Source: Bloomberg  -  275 words
    • 246 9 SHANGHAI AFP CHINA is training its first astronauts in preparation for a fast-approaching bid to join the United States and Russia in the exclusive mannedspace club, a senior researcher working on the project said yesterday. Confirming remarks published in the official Wenhui Daily,
      AFP  -  246 words
  • Page 8 Advertisements
    • 256 8 BURWILL HOLDINGS LIMITED (incorporated in Bermuda with limited liability) INTERIM RESULTS SUMMARY FOR THE SIX MONTHS ENDED 31 DECEMBER 1998 FINANCIAL RESULTS The Directors of Burwill Holdings Limited (the "Company") are pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six months ended 31
      256 words

  • Page 9 Advertisements
    • 66 9 way people fully on company can be operational in Singapore or a choice of 200 centres worldwide, within 24 hours. Instant infrastructure, leading edge technology and a professional working environment, tailor made to your changing business requirements. You can upsize, downsize or relocate Tower Avenue Reg us Instant Offices Worldwide
      66 words

  • THE WORLD
    • 437 10 BONN Markets cheer as move seen removing obstacle to ECB interest rate cat Reuters, Bloomberg, AFP GERMAN Finance Minister Oskar Lafontaine resigned yesterday, a government spokesman said. He said Chancellor Gerhard Schroeder accepted the resignation. Financial markets cheered on news of his resignation. In New
      Reuters,; Bloomberg,; AFP  -  437 words
    • 492 10 Reuters, AFX-Asia THE deficit in the broadest measure of US trade soared to a record of U*****.45 billion in 1998, as exports sagged in the midst of a sharp slowdown in the global economy, the government said yesterday. Earlier, Treasury Secretary Robert Rubin warned
      Reuters,; AFX-Asia  -  492 words
    • 408 10 BRUSSELS Reuters EUROPEAN Union farm ministers agreed a package of policy reforms in the early hours of yesterday, hailing the deal as the most radical overhaul in the Common Agricultural Policy's 40 year history. Others, however, insisted the agreement, thrashed out after three
      Reuters  -  408 words
    • 646 10 WASHINGTON Answers necessary as she mounts her presidential bid NYT DURING her husband's 1996 presidential campaign, Elizabeth Hanford Dole showed up, right on time, to tape a commercial for him. She read the spot through once, off the prompter. Then
      NYT; AFP  -  646 words
    • WORLD Watch
      • 56 10 Reuters [BONN] Germany nations in the event of destabilising volatility on world fore ign exchange markets. A German paper presented to finance officials from 33 countries proposed creating a system of "managed exchange rate flexibility envisaging varying response* to the kind of currency shocks which
        Reuters  -  56 words
      • 64 10 AFP {LONDON] The European Bank for Reconstruction and Development set tip to help ex-Soviet bloc countries reform their economies, yesterday said the collapee in Russia caused it to incur huge losses last year. It reported a net loss of 281.2 million euros
        AFP  -  64 words
      • 87 10 Bloomberg (SAO PAULO] Brazil oould sell at least US$l billion (551.73 billion) in debt on international markets next month as it seeks to reopen credit lines abroad for the first time In a year, the GaeetaMeretmtU said. The bonds would offer a return in
        Bloomberg  -  87 words
      • 59 10 Bloomberg [MOSCOW] Russia said It cant fulfill the International Monetary Fund's demands that it boost its primary budget surplus to qualify for new loans. The IMF has Insisted Russia raise its revenue to exceed «xpeoditures minus debt payments to about 3.5 per cent of
        Bloomberg  -  59 words
  • Page 10 Advertisements
    • 216 10 i J II a Warn TjL ftayfl jfcLj f f% h|U^l «#> vcjtr k <.-■ >^-„ l Be first in the know... at only $22.10 monthly. Delivered to your doorstep every morning, six days per week. For sharper, faster and deeper analysis on the business environment providing news and views
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  • EDITORIAL & OPINION
    • 724 11  -  THE BOTTOMLXME OPINION By Anisha Sabhlok The writer, an economist, contributed this article to BT AFTER being embroiled in a series of controversies, patent law in India may finally be set to fall in line with World Trade Organisation norma Faced with an April
      724 words
    • 84 11 'Given the size and importance of the Japanese economy, the possibility of worldwide deflation led by Japan is undeniable and worrying.' -lan Harper professorial fellow at Melbourne University's business school, on the most likely place for a deflation downdraft to gain momentum. Anaemic demand, business and consumer
      84 words
    • 604 11 EDITORIAL THE role played by both the World Bank and the International Monetary Fund in dealing with the Asian crisis has been much criticised, on the ground that steps taken to stabilise local currencies have exacted a severe toll on Asia's "real" economies. Next month's annual meeting
      604 words
    • 1163 11  -  Buying and selling of official positions is so pervasive that tongh reforms could hnrt Communist Party By I Seth Faison NYT in Hepu, China IN A typical Chinese town like this one, the local Communist Party chief rules with the authority of an
      NYT; FILE PHOTO  -  1,163 words
    • 955 11 Japan mustn't bow to GMna CHINA'S armed forces seized Mischief Reef in the Spratlys in 1995. Since then, there have been repeated diplomatic clashes between China and the Philippines, which also claims the reef in the South China Sea. It is well within the Philippine 200
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  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 514 13  -  Its chief will be focusing on growth areas such as overseas ventures By' Teh Hooi Ling [SINGAPORE] Faced with the prospects of falling profits from its traditional business at home, Singapore Telecom yesterday announced a major restructuring which will see its chief, Lee Hsien Yang,
      Source: SingTel  -  514 words
    • 336 13  -  Byi Conrad Raj [SINGAPORE] Keppel Hitachi Zosen yesterday posted a worse-than-expected loss of nearly $65 million for the nine months ended December following further cost overruns and delays in its building programmes. The results are mainly for Hitachi Zosen, which in January
      336 words
    • 717 13  -  HOCK LOCK SIEW Lee Han Shih POR seven years, banker Wee Cho Yaw has run the listed Singapore Land, the biggest landlord in the Raffles Place business hub, while controlling just over 11 per cent of its shares. Now his strategy is
      717 words
    • 511 13 Cycle Carriage, Tan Chong Int'l shares soar New vehicle qnota system seen boosting both firms'earnings [SINGAPORE] Cycle Carriage Ltd (CCL) and Tan Chong International Ltd (TCIL) shares revved up yesterday, boosted by a perception that a new vehicle quota system would be favourable to their earnings. CCL's share price rose
      FILE PHOTO  -  511 words
    • FORGING OF WORLD'S BIGGEST BANK
      • 431 14 Blessing of Axa, its largest shareholder, key to merger, say analysts Bloomberg [PARIS] Banque Nationale de Paris SA started out friendly when it approached both Societe Generale SA and Paribas SA about combining late last year. Now BNP's turned hostile, offering US$3B billion
        Bloomberg  -  431 words
      • 618 14 Bank is looking at 30-40% reduction in industrial portfolio over four years Reuters [LONDON] France's leading bank BNP, which on Wednesday proposed a US$37 billion (5564.2 billion) takeover of its French banking rivals Societe Generale and Paribas, said it will make deep cuts in
        Reuters  -  618 words
      • 341 14 Portraits of the key players Source: ■iiiXllllLlil 5 a 3 1 I s 1 IS s r i One of the big three French commercial banks. Founded in 1966 through the merger of two nationalised banks. Privatised in 1993. Predominantly a retail bank. Goal: A universal
        Source:  -  341 words
      • 465 14 Friendly takeovers the norm; unfriendly bids seen rising Bloomberg [LONDON] European companies, spurred by rising competition and profit-conscious shareholders, are breaking old habits by embracing unfriendly takeovers, sometimes across borders, to gobble up market share and cut costs. Banque Nationale de Paris SA
        Bloomberg  -  465 words
      • 378 14 AFP, Bridge News [PARIS] The boards of Paribas and Societe Generale will discuss a surprise takeover bid by their rival Banque Nationale de Paris (BNP). which both have described as hostile, the banks said yesterday. The Paribas board was to meet later
        AFP,; Bridge News  -  378 words
    • COMPANIES
      • 168 15 [SINGAPORE] Listed DBS Land's serviced apartment arm, Stamford Residences, has clinched a five-year contract to manage a property in Makati City, Philippines. The contract comes with an option for Stamford Residences to extend the term for a further five years. The Philippines property,
        168 words
      • 403 15  -  Vietnam tourism official blames delay on the Asian economic crisis By' Teh Hoot Ling [SINGAPORE] A Singaporeled project to build Vietnam's largest tourism project, US$7OO million ($1.2 billion) mountain resort in Dalat, has been put on hold, a report said yesterday. Natsteel Resorts
        403 words
      • 331 15 [SINGAPORE] Property agency Hersing Realty said yesterday its full-year 1998 earnings had risen 7.52 per cent, or $408,000, to $5.83 million compared to the yearearlier period and forecast flat growth for FY99 given the uncertain economic outlook. Hersing, which is the holding company of
        331 words
      • 352 15 Chan Chin Cheung's appointment fuels talk of T KLimexit [SINGAPORE] Lim Thian Kiat's Multi-Purpose Holdings Bhd yesterday said it has appointed Renong director Chan Chin Cheung to its board while managing director Lim Tian Keong said he is quitting his job. Singapore's Business Times had
        BT, March 13  -  352 words
      • 298 15 [SINGAPORE] Mainboardlisted Excel Machine Tools plans to list its Hungarian operations on the Budapest stock exchange through a share swap with Gar Agent, a listed Hungarian company. Under the agreement, Excel will acquire 83.7 per cent of Gar Agent for US$B.6 million
        SIEW YAW HOONG  -  298 words
      • 225 16 [SINGAPORE] Sesdaq-listed BBR Holdings, a specialist engineering group, has reported a 6 per cent rise in group net earnings to $5.5 million last year. In view of the good results despite the regional financial crisis, the directors have proposed a one-for-one bonus
        225 words
      • 294 16  -  Company cites lower customer demand and higher costs of materials From Diana Oon Abdullah in Kuala Lumpur FOOD and beverage maker Yeo Hiap Seng (M) Bhd yesterday posted full-year net profits of 6.1 million Malaysian ringgit (SS2.B million), a 73 per
        294 words
      • 233 16 [SINGAPORE] Wall-cladding company Permasteelisa Pacific Holdings yesterday reported a 10 per cent rise in net earnings to $14 million for last year. Barring unforeseen circumstances, the company said it expects to continue remaining profitable in 1999. Noting its success in winning new contracts in
        233 words
      • 326 16 Feasibility study to be done on areas for co-operation [SINGAPORE] Singapore Airlines, Lufthansa Airlines and Scandinavian Airlines System (SAS) yesterday announced plans for closer cooperation in the air cargo business. A memorandum of understanding has been signed by the chief executives of
        FILE PHOTO  -  326 words
      • 189 16 AFXAsia [KUALA LUMPUR] RHB Bank Bhd chief executive officer Yvonne Chia said the bank will meet Bank Negara's loans growth target of 8 per cent for 1999, Bernama news agency reported. RHB said it will embark on a more aggressive strategy to extend
        AFX- Asia  -  189 words
      • 491 16 Boost expected from lower interest rates and better corporate earnings Reuters [HONGKONG] The Hongkong stock market in 1999 is on a recovery path, spurred by falling local interest rates, better corporate earnings, and a favourable if less than exciting China growth scenario, analysts
        Reuters  -  491 words
      • 279 17 Perc survey finds expat businessmen like Singapore, Philippines too Reuters [KUALA LUMPUR] Expatriate businessmen rate Hongkong's banking community the most market-friendly in Asia, followed by Singapore and the Philippines, according to a regional survey by a Hongkong-based thinktank. The survey by the Political
        Reuters  -  279 words
      • 138 17 Bridge News [KUALA LUMPUR] Malaysian finance giant MBf Finance appears to have hit a last-minute snag in its plan to be recapitalised by Danamodal Nasional. A scheduled signing yesterday to conclude the scheme was called off, according to a central bank official. "There
        Bridge News  -  138 words
      • 219 17 [SINGAPORE] Sesdaq-listed Wassail Asia Pacific saw its net losses more than double to $4.96 million for 1998 due to lower sales and lower margins. Group turnover fell onethird to $24 million, which the axle and suspension manufacturer blamed on a 71 per
        219 words
      • 560 17  -  Interim revenue np <L 2% to A59.24b; company also setting np e-commerce business in the US Reports from Russell Baker in Sydney AUSTRALIAN telecommunications giant Telstra has reported a healthy 16.8 per cent rise in net profit to All.B billion (Ss2 billion) for
        560 words
      • 254 17 AUSTRALIA'S third biggest telecommunications carrier, AAPT, is raising A 5164.5 million (*****.7 million) via a placement of 39 million shares to local and overseas investors. Singapore Telecom is AAPT's largest shareholder with a 20.2 per cent stake but this shareholding will be diluted to
        254 words
    • COMPANIES / FINANCE & COMMODITIES
      • 805 18  -  Focus is on building np acquisitions and growing core activities From* Quak Hiang Whai in Hongkong THE Jardine Matheson group, which moved the listings of its major units to Singapore some five years ago, has no plans to seek a relisting
        805 words
      • 547 18 Citigroup to get seat on MasterCard's smaller board giving more influence to big member banks FT, Bloomberg [NEW YORK] MasterCard International, the global credit card association, is halving the size of its board to give greater influence to its biggest member
        FT,; Bloomberg; FILE PHOTO  -  547 words
      • 181 18 Bloomberg [WILMINGTON, Delaware] Citigroup Inc's Travelers Bank subsidiaries lured thousands of customers into paying higher-than-promised interest rates on their Visa credit cards, according to a suit filed against units of the world's largest financial services company. Travelers Bank Trust FSB and The Travelers Bank
        Bloomberg  -  181 words
    • FINANCE & COMMODITIES
      • 160 19  -  m—m Reports lWffi Tmtor Bob Butcher, Jardine Fleming THE difference between the high and the low price traded on the MSCI Singapore Free Index yesterday did not provide the trading opportunities seen earlier in the week. Given that, the volume was quite respectable. The lead
        160 words
      • 192 19  -  MSCI Taiwan fixture* Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened higher continuing the steady rise over the past four trading days but faUed to sustain the ndly at the close yesterday. The March '99 contract plummeted 4.4 points,
        192 words
      • 350 19 ENERGY REPORT Bloomberg [LONDON] Crude oil was little changed near a fourmonth high as representatives from some of the world's top producers gathered in Amsterdam to revive attempts to cut output enough to boost prices. Saudi Arabia, the world's top
        Bloomberg  -  350 words
      • 317 19 Reuters London THE dollar was nestling around the 120 yen level yesterday after what currency analysts saw as coordinated comments from senior Japanese officials arguing against an overly strong yen. "There was a pretty clear hint yesterday that they don't really want to see dollar/yen below 120 that's
        Reuters  -  317 words
      • Article, Illustration
        1094 19 MTBBBIW CROSS RATES Mar 11 11 fm as c$ t— Wr IK toOQ» —Mi. fm 9m t* i«wm hm s$ sir m im Hrnt M tartrate 0.969 C.I7I 0.S62 188 109 4.932 *****9536 0766 7.132 2.419 188 ***** ***** UOS ItB 0929 ***** ***** 0J92 0537 Cjm* U032 5.451 0501
        1,094 words
      • 1268 19 aOOMFUTPRBS .War;/ OP jgfc lite:; Urn >*t <*«n» mm*. xemn um use &n 3 «a 2m sacs s ss s a n jt g *5 "5 5S« IKS ao sz fl, I ItZ It CAM *>' v AfW IM fflflft S3»« SS £5 SSo So n» KSWaCWTIACTattaaMtf <*» JJ» ML
        1,268 words
    • Article, Illustration
      1296 20 AFP Q Hang Seng -8&2 HONGKONG stocks closed 0.8 per cent lower yesterday on profit-taking after recent strong gains. The blue chip Hang Seng Index ended down 86.2 points at 10,662.81 on total turnover of HK55.53 billion. Dealers said investors had begun taking profits in the afternoon session, although
      AFP  -  1,296 words
    • Article, Illustration
      530 20 Reuters +3J2 SHENZHEN'S B shares closed 7.73 per cent higher yesterday, powered by bargain hunting after setting successive all-time lows this week, analysts said. The B index surged 3.22 points to 44.78 on turnover of HK$l2.B million, up from HKSIO million on Wednesday. On the domestic A share market,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  530 words
    • 340 20 AFP ClwPMn -4»fl TAIWAN stocks fell 0.8 per cent yesterday as late selling wiped out early gains with the index meeting strong resistance on its approach towards the 6,500-point level, dealers said. "Sentiment weakened towards the end of the session as attempts to climb over the 6,500 level failed,"
      AFP  -  340 words
    • 1893 20 mmmmmummm iMtastriato mm Hmt *h 31 Croup 6-23 0.05 AIM Oomacq 5 03 -0.03 aim zuricti a.97 -an AS OA Group L45 -0.03 A B Food* 4 65 0.17 A B Ports 2.79 -0.02 Bonk o( Scotland 8.81 -0.08 Barclays 18.93 0.79 Bass 9.54 0.13 BG 3-59
      1,893 words
    • 1590 20 Bloomberg Q Nikkei 22S *8114 JAPANESE stocks rose for a sixth day in seven with more than a billion shares traded for the first time since September as foreigners stampeded into the market on fear they may miss a sustained rally. "Foreigners are massively underweight Japan and they're trying
      Bloomberg  -  1,590 words
    • KUALA LUMPUR STOCK MARKET
      • 7315 21 mbustmaoiSMHMHHWHHH CuiMnir prifccti 199* Last Val Day Nat Cap HI# Ua Caw>awy «ala -000 High Lao P/l 310 270 AJInomoto 270 109* 83 61 Angkasa 61 -1 2 61 61 89.9 283 220 ApoHo Food MKj 220 7.7 88.0 1 204 136 Barjaya Land 136 -3 54 139 136 2.7
        7,315 words
      • 300 21 AFP D Composite Index -CBS MALAYSIAN share prices ended 0.9 per cent lower yesterday in thin trade amid lingering political concerns on the eve of elections in eastern Sabah state, dealers said. The KLSE Composite Index feU 4.85 points to finish at 523.27,
        AFP  -  300 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1965 22 BOMBS, LOANS ft WAMANTS 52-Wk Last Vol Day Hit Ouota Ayg H*h Low St no Company W« ~r- fOOO) HI* Low Buyer Sow* Price 18 3 3160 "Acer ******1 USS 14 *2 267 U3 13 115 j 35 4.5 3164 Acma ******4 17 unch 329 17.5 16.5 17 17.5 17
        1,965 words
      • 198 22  -  WARRANT WATCH -By R Sivanithy IN our column yesterday, we highlighted the UIC warrant, concluding that it would be foolhardy to write off soon-to-expire instruments altogether. Even so, the outlook for two other 1999 instruments is hardly good and they are likely to expire
        198 words
      • 227 22 H0M6K0N6 STOCKS 0t Or 32-wk La«t Vol Day LMt Out** 0»* Otv VM N«t M C*» HMI L— Stwo c*r—ry Hf fOOO) H» L— Buyc S«—r CM. H P/C SrnH 200 173 5123 COL (2000) HK 200 *37 16 200 176 194 210 8 2-* 4 10.3 3872.3
        227 words
    • Article, Illustration
      697 22 AFP fl Composite Index +4,84 INDONESIAN share prices closed 1.3 per cent higher yesterday on buying of overseaslisted stocks following a sharp weakening of the rupiah, dealers said The weaker currency attracts buying of dual-listed counters as investors try to take advantage of price differentials by buying a stock
      AFP  -  697 words
    • Article, Illustration
      891 22 AFP HSETMn +IU3 THAI share prices surged 3.6 per cent yesterday as investors expected the government and senators to reach a compromise on a controversial bankruptcy bill, an analyst said. Analysts said today's reading of the bankruptcy bill in the Senate was crucial to the economic recovery and investors
      AFP  -  891 words
    • 316 22 AFP n Manila -30.96 PHILIPPINE share prices feU 1.6 per cent yesterday as investors adopted caution and remained on the sidelines, analysts said. The Composite Index fell 30.96 points to close at 1,950.52 points. Turnover fell to 310 million shares worth 795 million pesos from 593 million shares worth
      AFP  -  316 words
    • 427 22 AFP PI Composite Index +12.73 SOUTH Korean shares closed yesterday 2.2 per cent higher on futures-led programme buying fuelled by foreign investor interest, dealers said. Investors saw sell-offs on the expiration of futures contracts as an opportunity for bargain-hunting, Hanjin Investment Securities analyst Park Sang Joon said, adding that
      AFP  -  427 words
    • 652 22 AFP AUOnbnuies +19J AUSTRALIAN shares ended up 0.7 per cent at a new record close yesterday after a late-af-ternoon rally that followed lacklustre trading through most of the day, brokers said. The All Ordinaries Index closed up 19.1 points at 2,950.5. The All Industrials Index closed the day up
      AFP  -  652 words
    • 300 22 AFP ClWellington -7-07 NEW Zealand share prices ended 0.3 per cent lower yesterday as Telecom Corp shares fell for a fourth day running, eroding gains made in other issues, dealers said. The NZSE-40 Capital Index ended down 7.07 points, or 0.3 per cent, at 2,137.01 on healthy turnover of
      AFP  -  300 words
    • 5859 23 Transaction date: Mar 11 Or Or M IR 92-Vm Last Vai Day Last Ouota Dtv Dhr YM Nat Cap Ava Mm. Law StMo Company Wt C000) M>» L— »«V*r HHf C'vf P/C »mk Prtca MULT1-MDUSTRY qfffpMfj 142 17.5 mt 1000 AcmaSOc 72 unch 161
      5,859 words
    • 1189 23 Or Or M Wt S2-m Laat V«l My Laat OlMto Mr Mv VM Mat Ca# HW» U» 8tNa CiWMny 5aM COOP) HH> U» Brar Mif Cw M <— w» RMWMIMMV 219 30 2049 AS Auto «0c 93 -15 1282 96 91 93 93.5 IS N 7 13 8 8
      1,189 words
    • STOCK EXCHANGE OF SINGAPORE
      • 391 24 Stocks VrtNM UICWt99 24,351,000 UtC 20,678,000 Wing Tai 25c 16,843,000 DBS Land 16,111,000 SembCorpi 25c 10,381,000 Keppel LandSOc 9,114,000 STEngglOc 8,471,000 •TanChonglnt50c 8,457,000 Osprey M US100c 5,947,000 ST Capital 25c 5.401,000 Stocks DBS Foreign 40,096,928 DBS Land 39,823,640 City Dev 50c 35,525,148 SPH 30,030,846 OUB Foreign 23,622,774 SembCorpi 25c 20,581,610
        391 words
      • 614 24  -  STOCK MARKET COMMENTARY Momentum slows slightly for property stocks bat trading still hectiq ST Index weighed down by SPH, Sing Tel falls By R Sivanithy THERE was added breadth and resilience to trading in local stocks yesterday, with transport and stockbroking counters getting
        614 words
      • ON THE GRAPEVINE
        • 151 24 WE have been told not to expect much action from Banque Nationale de Paris, Societe Generale and Banque Paribas in the coming months as their proposed mega-merger, assuming it proceeds, will throw up uncertainties for the banks' managers in Asia. One executive confided yesterday that many of
          151 words
        • 87 24 SUPPORTERS of ousted Malaysian leader Anwar Ibrahim have come up with a VCD of events since his sacking by Prime Minister Mahathir Mohamad last September. The VCD —a compilation of various video footagee—has an almost movie-like quality. Particularly interesting is the rare footage of the night Anwar was
          87 words
        • 87 24 EXCHANGE your namecard with Alfred Mockett and you get to make free phone calls on British Telecoms' account the next time you are in the UK. Mr Mockett does it in style as one would expect of the head of British Telecoms' operations outside of the UK. His
          87 words
        • 124 24 HONGKONG canto-pop star Andy Lau is hopping mad with the Hang Seng Bank and is suing the Hongkongßank subsidiary for using his image in a millennium credit card campaign. According to an A/P report, Lau is objecting to the use of his photograph on
          124 words
      • Article, Illustration
        53 24  -  -By Wong Wei Kong DBS Land shares closed up SO. 10 yesterday at $2.50 on a volume of 16.1 million shares, compared with its 10-day traded average of 5.5 million units. The RSI, Stochastics and MACD indicators are mixed and suggest a period of consolidation after the stock's
        53 words
  • Page 13 Advertisements

  • Page 14 Advertisements
    • 1494 14 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 ***** FORM 55 (Rule 112) NOTICE OF MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-Up) No. 68 of 1992 In the Matter of the Companies Act, Cap 50 And In the Matter of WOODHOUSE DRAKE
      1,494 words

  • Page 15 Advertisements
    • 44 15 I inside I DO¥oQtiE&—. H I fI|RM I Review. flilM iIM these who knows the better than the Far Eastern Economic Review. The Review's the events are by any other publication. With who know the we merely the news we fear or Open the
      44 words

  • Page 16 Advertisements
    • 1168 16 HARIMAU INVESTMENTS LIMITED wVtmv (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Harimau Investments Limited wishes to make the following announcement: 1. AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 GROUP COMPANY For the Year Ended Incr/ For the Year Ended Incr/ 31.12.98 31.12.97 (Deer)
      1,168 words

  • Page 17 Advertisements
    • 1572 17 9. Dividend a) Present Year Name of Dividend Proposed Final JBbl permasteelisa pacific holdings ltd Dividend Rate (Per Ordtoary Share) 10.1% less tax (Incorporated in Republic of Singapore) Par value of share (Cents) 10 iBQHm Tax Rate 26% b) Previous Year Name of Dividend Interim Final PROFORMA FULL YEAR FINANCIAL
      1,572 words

  • Page 18 Advertisements
    • 822 18 In the Matter of th« Companies Act, Cap SO And In the Matter of VANOL FAR EAST MARKETING PTE LTD (In Creditors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 307 of the Companies Act. Cap. SO. that the Annual General Meeting of Members of the abovenamed Company wiH
      822 words
    • 678 18 FORM 55 (Rule 112) NOTICE OF MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-Up) No 234 of 1995 In the Matter of the Companies Act, Cap 50 And In the Matter of LAK ENGINEERING PTE LTD (RCB No. 1992/*****H) Take notice that a meeting of contnbutones
      678 words
    • 757 18 I n I Noble group limited (Incorporated in Bermuda with limited liability) Notice of Special General Meeting NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at 23rd Floor, CRC Protective Tower, 38, Gloucester Road, Hong Kong on Friday, 26 March 1999 at 12.30
      757 words



  • Page 21 Advertisements

  • Page 22 Advertisements
    • 436 22 NOTICES To adver,ise ca tol| ,ree 1800-741 1883 Fax No: 741 1298 1 FORM M (Rule 109) NOna TO CREDITORS OF MEETING M THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO. 215 OF 1990 SING NEE (SINGAPORE) PTE LTD (Under the Order for winding-up the above-named
      436 words
    • 7 22 Visions «///>" FUTURE ,//v BETTER THAN DREAMS PAST
      7 words

  • Page 23 Advertisements
    • 76 23 Sole Distributor Main Service Centre: l X TIWTTQI* THE SWATCH GROUP S.E.A. (S) PTE LTD. JUV/il \Xijj JiO 438 A Alexandra Road #05-03/04 Alexandra Technopark I jlp I Singapore *****7 Tei: *****88 Fax: *****96 ,"1 II II II IH™ T E City Service Centre: #01 -23 Plaza Singapura Tel: *****17
      76 words

  • Page 24 Advertisements
    • 1151 24 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 THE COMPANIES ACT, CAP 50 NAM HONG MARINE PRODUCE PTE LTD (In Liquidation) At a general meeting of NAM HONG MARINE PRODUCE PTE LTD duly convened and held on the 9th day of March, 1999 the following special resolution
      1,151 words
    • 549 24 Going to trade online 7 You need the best research. Call DBS investor Online it 438-1188 ®IX*SBANK PT INTERNATIONAL NICKEL INDONESIA Tbk Notice is hereby given that PT INTERNATIONAL NICKEL INDONESIA Tbk (hereinafter referred to as the Company*) will convene its Annual General Meeting of Shareholders and an Extraordinary General
      549 words
    • 256 24 N TVC MATTER OF THE COMPANES ACT, CAP. 50 GAPEC INVESTMENTS PTE LTD (In Members' Voluntary Winding-up) At an Extraordinary General Meeting of the company duly convened and held on Bth March 1999 at 11.30 a.m. at 18 Jalan Maspd *02-08 Kembangan Plaza Singapore ,*****4, the foUowng Special Resolution was
      256 words
    • 788 24 M THE MATTER OF THE COMPAMES ACT, CAP. M AND M THE MATTES OF TRMJNK SERVICES PTE LTD (In Member's Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 2M(2Xb)] At an Extraordinary General Meeting of the Company held at J Rungkut todueto Raya No 18 Surabaya *****. Indonesia. on March
      788 words
    • 399 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUSTRALIA STRAITS CONTAINER UNE PTE LTD (In Memtoeri' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 4 AJjunied Avenue I *02-01 Singapore
      399 words
    • 100 24 FORM 69(3) NOTICE OF INTENDED DIVIDEND Name of Company Wilbome Investment Pte Ltd (In Liquidation) Address of Registered Office c/o The Liquidator's Office 20 Cecil Street #12-02 The Exchange Singapore *****5 Last day of receiving proof: 12 April 1999 Name of Liquidator: Mr Don MHo Address c/o Don Ho Associates
      100 words

  • Page 25 Advertisements

  • EXECUTIVE Lifestyle
    • ENTERTAINMENT
      • STRAWS In The Wind
        • 156 26 How do you know you work in Corporate Singapore? Check out the signs: You've sat at the same desk for four years and worked for three different companies. Your company's welcome sign is attached with Velcro. Your resume is on a diskette in your pocket.
          156 words
        • 59 26 FIRST we have Channel News Asia copying an old slogan used by this newspaper, "We know Asia." Now, we read in Singapore Telecom's Keylines newsletter that the group is starting a Grapevine channel and a Grape newsletter. We suppose we should be thrilled. After all, didn't
          59 words
      • 577 26  -  CINEMA Mel is still fan to watch in Payback, bat his character's single-minded vendetta raises questions By Parvathi Nayar MEL Gibson has defined "manic" for us avid chasers of cinematic action so well and for so long, you wouldn't be all that surprised to find
        577 words
      • 577 26  -  CINEMA American History X has recognisable character types, but tries to avoid making them stereotypes By Parvathi Nayar HALF truths, twisted dogmas and plausible distortions: racism is a powerful tool in the hands of the dissatisfied. In American History X, Edward Norton as Derek Vineyard
        577 words
    • PROFILE
      • 2123 27  -  Charles Handy talks to vikram khamma about sharpening Singapore's creative edge VIKRAM KHANNA Management gurus have never really been the rage in Britain. And so it is perhaps inevitable that when one does make his mark, he turns out to be a world away from the American
        SIEW YAW HOONG  -  2,123 words
      • 477 27 IF there is any country with which Singapore might want to compare notes and share lessons, it is Ireland, says Mr Handy. Small place, same population, island nation, big markets nearby, a history of colonialism. How did Ireland make it? What accounts for
        477 words
      • 500 27 ONE of the much-discussed consequences of the Asian crisis is a likely change in the way business is done in Asia: fewer unwritten agreements; more "transparency" among companies, banks and governments; greater accountability to shareholders; a move away by Asian companies from multiple activities and
        500 words
    • PURSUITS
      • Article, Illustration
        504 28  -  Compiled by Parvathi Nayar MUSIC Gala Concert The much awaited guest appearance of American-Chinese cellist Yo-Yo Ma in a concert that combines the best of the East and West, with pieces like Elgar's Cello Concerto in E Minor and Bright Sheng's Two Poems for Cello and Orchestra. Maestro
        504 words
      • 947 28  -  PEOPLE Singlish isn't funny per se but it's a good vehicle for humour, says Siva Choy, who is doing a stand-up comedy show for the first time Byl Parvathi Nayar WHYuso like dat? Almost a decade after Siva Choy asked that memorable question which continues to
        947 words
    • VIEWPOINT
      • 785 29  -  Off the cuff by We the public just could not get yon out of our lives, much as we badly wanted yon to by Jaime Ee I didn't want to watch Monica Lewinsky's interview on TV last week. I wanted to be one of
        785 words
      • 2093 29 COVER STORY FOR a long time now, the idea of Singapore being a cultural and entertainment centre has largely been thought of as a non-profit exercise, aimed more at bringing culture to the mainstream. While some dollar figures have been bandied about, the industry
        FILE PHOTO  -  2,093 words
    • STYLE
      • 1315 30  -  John Kelly combines his mean designer flair and an astute business sense into a very palatable furniture package, says jaimbeb JAIME EE IF John Kelly had a lemonade stand when he was a kid growing up in the US, you would think he probably handed out feedback
        ARTHUR LEE  -  1,315 words
    • MOTORING
      • Article, Illustration
        1638 30  -  Launched in 1992, the S-class was seen as an nnwelcome giant All the same, it became the staple choice of world leaders and luminaries. A look at the S-class' chequered past By i Christopher Tan THE first time I drove the Mercedes-Benz S-class was in 1993.1 think. It
        1,638 words
    • EPICURE
      • 691 31  -  The new Nadaman still retains much of the style and flavour that has been the restaurant's main selling point over the years, reports jauce be JAIME EE After much postponement, removal of scaffolding and the odd escalator or two, the Shangri-La hotel is
        SIEW YAW HOONG  -  691 words
      • 796 31  -  RESTAURANTS The restanrant offers a taste of provincial cuisine in traditional Chinese setting By, Jaime Ee PROVINCIAL Chinese cooking has somehow never quite achieved the kind of "glamour" that Cantonese cuisine has always had with its delicate and refined, rather than robust, approach
        ARTHUR LEE  -  796 words
      • 896 31  -  WINE CONNOISSEUR By] N K Yong "HOW do you go about starting a wine coUection?" I was asked by an interviewer last week and I had to think hard. Here are some lessons learnt along the way: ♦Your tastes will change
        896 words
      • 580 31  -  CONFECTIONERY Les Gourmandises stocks over 100 varieties of French chocolates and candies By] Rahita Elias LES Gourmandises is out to add a slice of French taste into Singapore. The confectionery, with a store in Scotts Walk and a counter in Hilton, opened late last year
        580 words
    • Article, Illustration
      742 32 All Men Are Liara. Comedy of sexual identity. R( A). Golden. American History X. Edward Norton's Oscar nominated turn as a violent neo-Nazi leader. R(A). Previewing at Suntec, Bugis, Golden. See Review on EL2. Bnhrorth. Warren Beatty's no-holds-barred ride through the top levels of American politics. R(A) Previewing at
      742 words
    • 113 32 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangte 223-7529 EngWah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qoldan Villaga 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 Tiong Bahru Yishun Overseas Movie Clementi/Co'wealtti 777-0669 Golden/New Town Ntrown
      113 words
  • Page 26 Advertisements
  • Page 26 Miscellaneous
    • 227 26 CBTPTIC CROSSWORD so don't hesitate, get in12 Supports FA, since new remany are moved by -JBL-—JHBBB 20 Conclude meetings, which 25 Fifty dance wildly, causing wicked inflammation (6) 26 Prohibition imposed on north- |H[ Hjj|H| |H| 27 Back-chat at the heart of the aga-saga? U 28 Arnold Bennett's heroine ■BL_JBL_IML_JBL_^BL—JHL—IB
      227 words


  • Page 28 Advertisements
    • 58 28 Where to wine, dine and entertain..."*"t (SBss *»s* <^jgON 76 Bra* Batah Road, Singapore *****8 Tel: 338-8333 Fax: 339-6866 Web-site http://www^arltoo.totn.«g CHARGE TO DINERS CLUB CARD AND ENJOY EXCLUSIVE PRIVILEGES AT RESTAURANTE CHAPALA Enjoy a complimentary main course when you dine with a paying guest who orders a main course
      58 words
    • 55 28 available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat 737 9944 Fax: 733 3175 9ja Smorpa Italian Restaurant Special 20% discount for Citibank card members till July '99! 36 Purvis Street #01-03 (behind Raffles Hotel) Singapore
      55 words
    • 69 28 B fillVi tlfcfifcl Tiyil lliM^^^B Moussandra serves a variety of Mediterranean food. You should try our tapas selection. Paella. Moussaka. Souvlakies which wc feel especially good about. MARCH '99 PROMOTION For every $100 nett spent on our ola carte menu, in a single receipt, we will give you a $50
      69 words
    • 107 28 An endless lunch and dinner a la carte buffet with 88 outstanding Cantonese dishes, prepared by Hong Kong chefs. Complimentary plate of Braised Whole Baby Abalone with Oyster Sauce and Braised Shark's Fin Soup with Brown Sauce will be served to diners. Lunch: $26.80 (Adult) $15.00 (Child) < i Dinner:
      107 words
    • 132 28 Rajjl" Food Wine Festival 1 31 March 1999 We briny you the grandeur of this French region at Top of the M TOD Revolving Restaurant Bon Appetit! Revolving Restaurant Reservations: 831-6258/88 whnoer jSiManSarin fjj Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 Q-Pg CrOSSrC^As 11 230f
      132 words

  • Page 29 Advertisements
    • 64 29 1Q ACADEMY AWARD 10 NOMINATIONS OA M PAS• I INCLUDING BEST PICTURE BEST DIRECTOR John Madden BEST ACTRESS Gwyneth Paltrow BEST ORIGINAL SCREENPLAY Marc Norman and Tom Stoppard BEST SUPPORTING ACTRESS Judi Dench BEST SUPPORTING ACTOR Geoffrey Rush BEST CINEMATOGRAPHY BEST EDITING BEST ART DIRECTION BEST COSTUME DESIGN BEST MAKEUP
      64 words



  • Page 32 Miscellaneous
    • 2141 32 TODAY'S TV I 111 I I 9.00 News PBfinmißlinim IflUlfTHfl w LOO PM Headline News. 2.30 PM TV Innovations. u»a Talking Point 4.00 Kidz Blitz: Sesame 130 In Conversation Patrintip 1992 comedy-action, Street. xoo News Day. Sylvester Stallone is a cop, 8 The Why Why Family. m Headline News. struggles
      2,141 words

  • Page 33 Advertisements
    • 24 33 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend. CATS. Buy h. Sell h. Find h.
      24 words
    • 58 33 PRIME FACTORY SPACE FOR LEASE Centrally located within Ang Mo Kio Industrial Estate Floor Area: Approx. 50,000 sq ft Suitable for Clean Light Industries Very Attractive Rental Package Available in April 1999 Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tel: 224 8181 Fax: 532 0157 Hock Lock
      58 words
    • 154 33 Prudcftttial Tower, a brand new high-tech office building at Raffles Place, Singapore's financial and business hub. Ideal for financial fi )]l||l institutions, major professional services companies and MNCs, looking to establish themselves for the long term at a prime location. Central Location Opposite The Exchange, next to Raffles Place I
      154 words
  • EXECUTIVE MONEY
    • RESIDENTIAL PROPERTY
      • 861 33 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Feb 2 and Mar 6, '99. PROJECT NAME/ PROP CONTRACT TENURE BULT-M/ PRICE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (SSOOO) (SI) District 11 Arcadia Gdn Apt 01/26/99 99 3712
        861 words
      • 599 33  -  With prices coming down, househunters are giving prime landed properties a second look, elawe koh reports ELAINE KOH THE biggest bargains in the property market now may well be prime landed property, and buying interest in this sector has definitely picked up in the last quarter.
        ARTHUR LEE; FILE PHOTO  -  599 words
      • 259 33 Re-zoning has meant fewer snch plots for landed property devt WHILE re-zoning to higher densities has put paid to the myth of a limited supply of apartments in Singapore, they really aren't making many more freehold landed homes in Singapore. According to data from Jones
        259 words
      • 318 33 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAfU YEAR 5 YEAR 6-10 YEAR 11-35 HPS L. Citibank** (max of 30 years) -1 to 5 years loan duration 4.7500 5.5000 5.5000 5.5000 5.5000 6 to 10 years loan duration 5.0000 5.7500 5.7500 5.7500 5.7500 5.7500 -11 to
        318 words
    • PERSONAL INVESTMENT
      • 746 34  -  While Latin America remains an uncertainty, things are looking up in major markets, says sus&n tammehzUi SUSAN TANNEHILL The writer is the New York-based head of investments at American Express Bank's private banking unit IF anyone ever doubted the wisdom of careful asset allocation and diversification
        FILE PHOTO  -  746 words
      • BULL'S Eye
        • 104 34 Elec Eltek ♦(Reduce) Kim Eng. March 8, USSS.SO Results were below expectatiorts. They would have been worse if not for a vast improvement in tax (tax gain of $0.5 million against tax charge of $2.7 million last year) and foreign exchange positions (forex gain of $2.3 million vs loss of
          104 words
        • 138 34 ♦(Bay) Kim Eng, March 9, $8.65 (L);512.20(F) Results were below expectations. NPLs (non-performing loans), as a proportion of non-bank lending, rose more than 9 per cent points to 11.9 per cent, with respective ratio of 52.1 per cent and 5.8 per cent for regional and non-regional loans. Loan
          138 words
        • 124 34 ♦(Boy) Kim Eng. March 9, $1.01 Results were above market expectations but in line with our forecasts. We remain bullish on Flextech for the two years ahead. Net profit is projected to grow at a robust pace of 30 per cent in FY99 and 26 per cent in
          124 words
        • Article, Illustration
          672 34  -  Neil Saker Head of economic research SO Securities OLICY has clearly V** shifted in Japan to X aggressive monetary easing which will result in the yen depreciating over the course of the year to about 125-130 yen to the US dollar. The immediate impact on the regional
          672 words
    • UNIT TRUSTS
      • 548 35  -  The asset management arm of Citigroup will beef up its Singapore operations in its push into the region, top executives tell wong wei kono WONG WEI KONG SSB Citi Asset Management, the fund management arm of Citigroup, plans to expand its operations in Asia-Pacific as
        PHOTOS BY ARTHUR LEE  -  548 words
      • Article, Illustration
        264 35 Fund p rofile Compiled by BT Investment objective To take advantage of the high growth rates achieved by Asian smaller and medium-sized companies. To achieve capital growth over the medium to long term. Investment style Bottom up approach, with emphasis on emerging blue chip and high growth smaller companies whose
        Compiled by BT; Source: S&P Micropal  -  264 words
      • 679 35  -  Tie-up plans package for those investing less than $50,000 By i Genevieve Cua DBS Bank's alliance with USbased research and asset management firm Frank Russell, dubbed the "manager of managers", is likely to woo the mid to high end of the investment market
        ARTHUR LEE  -  679 words
      • THE UNIT TRUST SCORE BOARD
        • 1903 35 Next publication dale. Apn! 9, 1999 Fund 1 mtti 3 mths 6 mtha 1 yaar 3yuri 5 yaari Mcropai Fund 1 Mil 3mttw mtis 1 yaar Syaare 5year* »9cropa» launch 29-01-1909 30-11-1998 31-08-1999 17-02-1998 2942-1998 29-02-1994 Mar launch 2941-1989 30-11-1988 31-08-1988 27-02-1998 29-02-1986 29-02-1994 atar data
          1,903 words
    • PERSONAL FINANCE
      • 1390 36  -  Banks are wooing customers with gifts, bonus points and frequent flyer miles to get them to charge buys to their credit cards. cukiussA tan reports CLARISSA TAN SILVER, gold or platinum, the credit card has a definite consumer pull on the convenience-driven, status-conscious Singaporean.
        1,390 words
      • 1105 36 ()Jfcrcd by carious hanks (as at Mar 10. 1999) DepcaM amount 1-mth J-roth 6-mth Deposit amount 1-mth J-mth 6-mth AS A$ S10.000 A24 999 ***** ***** 4 2300 25,000 74,999 3 6875 3 6875 3 7500 A2S.000-A49.999 4.1300 4.1400 4 2300 74.000- 149.999 3 8125 3.8125 3
        1,105 words
      • 911 37  -  TBBFmBEPOmT There's an urgent need to address the depreciation of 99-year leasehold residential properties By Ang Wan May OWNERS of leasehold property face a definite drop in the marketability of their homes once the property ages to 30 years because of the way banks
        911 words
      • 1156 37  -  Think 'buy ltw, seD high'; that's how currency loss can be offset in your margin trading account By< John Liau The writer is CEO, OUB Bullion Futures Ltd. This piece is meant for information only, and does not constitute an invitation to
        FILE PHOTO  -  1,156 words

  • Page 34 Advertisements
    • 281 34 Hvg NATIO N A L COMPUTER Outsourcing Knowledge- Hi^H Based V&« 5. Honeycutt Chairman, President and CEO, Hi Computer Sciences Corporation Economy Practically everything today runs with computers infrastructure and skills base on which to build from bank operations and grocery shopping its local and regional presence. I e Ph
      281 words
    • 11 34 The Straits Times Classified Where Buy It. SdJ It Find It
      11 words

  • Page 35 Advertisements

  • Page 36 Advertisements
    • 138 36 i i i ft i YOUR CITIBANK VISA/MASTERCARD IS THE KEY TO WINNING 9 VOLKSWAGEN GOLF 1.6 A PLUS I MYSTERY CAR. EVERY TRANSACTION 1 CNANCE EVERY $100 IN YOUR OUTSTANDING BALANCE I CHANCE t S ur Anniversary and we're giving away 10 Volkswagen cars of outstanding balance in your
      138 words

  • Page 37 Advertisements
    • 128 37 Local Enterprise Finance Scheme J| s Making a point with Local Enterprise Finance Scheme* Replacing your equipment may be more affordable than you think. Because the Local Enterprise Finance Scheme can really save you money thousands of dollars a year. This adds up to a substantial sum for the whole
      128 words

  • Page 38 Advertisements
    • 311 38 H Property Landed luxuries draw the buyers EM 9 Finance Ease 60-year rule on home loans EM 13 1 B B fffiTr *tW ,J^^H 6Getting people to apply for your story. But getting them to use card after the banking CLARISSA TAN has the how Ptioto by SIEW YAW HOONG
      311 words

  • SHIPPING TIMES
    • 326 39 Bridge News Reuters YET another sluggish day for Panamaxes in the Atlantic with rates reported very mixed, brokers said. The direction of capesize rates were difficult to call, they added. The questioning process raised on Tuesday continued, Clarkson Securities Ltd said in its daily Biffex report. Traders are
      Bridge News; Reuters  -  326 words
    • 287 39 m mm i n»n i$ 11 Cm Distribution 0.S3 unch 33 ChuanHup 0.605 *0.009 139 Cosco Investment 0.509 Freight Links 0.17 *0.009 404 G8 Holdings 0.36 unch 56 Hoi Sun Hup 0.469 -0.009 297 IMC I UMlHI HK 9.60 Jaya Holdings 0.99 *0009 161 Jurong Shipyard 6.60 -0.05
      287 words
    • 607 39  -  HE Secretary for Economic Services leads mission to Japan to promote registry By\ Felix Chan [SINGAPORE] The Hongkong government is actively wooing Japanese shipowners to its register following a host of initiatives designed to boost the competitiveness of its shipping industry.
      607 words
    • 739 39  -  ADMIRALTY CASEBOOK By Selva Kumar A P&I (Protection and Indemnity) club which agreed it would accept actions in rem or in personam on behalf of a shipowner has been told that it cannot go back on its word
      739 words
    • 353 39 Acquisition makes carrier world's largest shipping line in tonnage terms Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second largest maritime shipping company, will save about US$lOO million (Ssl73 million) over the next two to three years through its purchase of Navix Line Ltd,
      Bloomberg  -  353 words
    • 156 39 Reuters [DHAKA] India is looking at Bangladesh's south-eastern Chittagong port to serve its isolated northeastern states and to import natural gas. Bangladeshi officials said Indian Commerce Minister Ramakrishna Hedge made the request during his meeting with Industries and Commerce Minister Tofael Ahmed on Tuesday.
      Reuters  -  156 words
    • 830 40 ROMANIAN MERCHANT FLEET Bad management has left Navrom shipping company owing so much money that its state owner is liquidating it Reuters [BUCHAREST] YEARS of bad management have turned Romania's merchant fleet, once among the world's largest, into a tiny company at the mercy of
      Reuters; FILE PHOTO  -  830 words
    • 328 40 PAGE Frt Links M ANl 3 GLil 4 Accord 8 Gemartrans 8 Ahrenkiel M Genshpg 14 AASCO 4 Glory Nav 14 Appenship 5 H *iSunHup 12 Austral 8 Hangli T Avant 14 Hanjin 3 B'tang Mas 8 H«mg-A 4 BSA 7 Hoegli 13 BTL 14 HutoLine 14
      328 words
    • 19572 47 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voya<j« Telephone SIN Dest'n Neme Name Number Number SIN Oeitn Name Neme Number Number mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm mmmSmmmmmSmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 30/03 26/04 ML KOTA HART A 093 65 12*993 To ABIDJAN (ABJ) 2003 Cott D'lvolre To BUENAVENTURA (BUN) 2059
      19,572 words
    • SHIPS IN PORT
      • 780 53 Vessel Voy Mo Berth Arrival Departure ■Jwreng Pert Amethyst *9903 J04 itonqsx* 1103/1245 *nan Honesty 461 J17 alongside 11.03/0700 Arttrt Merto *****2 J06 alongside 11.03/1200 at Citradaya *****9 J01 alongside 13.03/1200 It Hindi jay *****9 J01 alongside 12.03/0100 It 2 *****9 J01 I longs kX 11.03/2300 It Uni
        780 words
      • 1805 53 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/BiUnc* Rstls Ship Voy No Etb/Btr Ported From To From Acacu M M/OMO U n/1500 1VHS9 1V1900 h/hoo turn nmoo 24 IV1T00 12/0*59 12/0900 21 n/1700 12/0*59 12/0*00 3 12/0700 12/1159 12/MOO 4 12/1200 12/1459 12/1700 Utmtrri 2 »40«« 14/1100
        1,805 words
      • 217 53 Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. M» 22 Japan: Vernal Equinox Day. Mar 28 Greece: Independence Day. Mar 28 Brunei: Hari Ray a Haji. Indonesia: Hari Raya Haj i Malaysia: Hari Raya HajiSingapore: Hari Raya Haji. Mar 29 Taiwan: Youth Day.
        217 words
      • 753 53 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the mar ket Prices shown are based on averagesired stem. Market movements are indicated The Cockett Bunker Price Index change and the
        753 words
      • 404 53 Carton 180 Max 996.1 1.0 18.8 0.09 52 0.07 Mar 4 OMSitY Water NiMm Ask AhmMvin Sediment Ho above E25 3 0 20 0 0 0 380 AM 985.6 0J 14.0 0.06 31 0.02 t,7« 380 Max 994.9 0.7 19.4 0.09 65 0.07 «pri %in »M/M
        404 words
    • AIR & LAND TRANSPORT NEWS
      • 305 54 Production rate the highest ever for a single commercial airplane model Reuters [SEATTLE] The Boeing Co, the world's biggest aerospace firm, said it rolled out the first two Next-Generation 737s and that they are being built at the rate of 24
        Reuters; REUTERS  -  305 words
      • 132 54 Bridge News [WASHINGTON] The National Transportation Safety Board (NTSB) is considering calling for extensive and costly modifications to most Boeing Co 737 airplanes, the Wall Street Journal reported yesterday. Despite efforts by Boeing and the Federal Aviation Administration to modify the planes'
        Bridge News  -  132 words
      • 60 54 [GENEVA] Model Sabine takes a close look at the cockpit pf the Toyota Verso NBC 111, which is a new 5-door concept car based on the Yaris small car, at the Geneva car show. The Verso is powered by a 1.3 litres engine with 90
        REUTERS  -  60 words
      • 457 54 Slowdown in economy dampens demand Bloomberg [TAIPEI] Ford Motor Co said it will cut production and jobs at its plant in Taiwan, highlighting the effect of the island's economic slowdown on foreign car firms. Ford Lio Ho Motor Co this week said it
        Bloomberg  -  457 words
      • LOG Book
        • 70 54 AFX-Asia [HONGKONG] Civil Aviation Administration of China director-general Liu Jianfeng said the mainland plans to consolidate its airline industry, reducing the number of carriers from the current level of around 30. The South China Morning Post cited Mr Liu as saying CAAC, which directly controls
          AFX-Asia  -  70 words
        • 70 54 AFP [AUCKLAND] Aerospace manufacturer Boeing Company said yesterday it will stage the first commercial launch flrom a floating platform at sea on March 27 near the Equator south of Kiribati. However, the company statement came as a Federal Grand Jury in Seattle began a
          AFP  -  70 words
        • 49 54 AFX-Asia [SHANGHAI] China Southern Airlines Co Ltd has wet-leased two aircraft to Biman Bangladesh Airlines, the Guangdong-Hongkong Information Daily reported. The report said China Southern Airlines has wet-leased two Boeing 777-200 model aircraft to the Bangladeshi company from Wednesday until April 24. -AFX-Asia
          AFX-Asia  -  49 words
      • 330 54 AFP (TOKYO] The head of the major US carrier Continental Airlines Inc said yesterday two new routes to Japan were a success and a major alliance with other airlines could come by the end of the year. Last November the airline, the world's
        AFP  -  330 words
      • 331 54 UK's Virgin airline may then be allowed to fly to India Reuters [NEW DELHII India said that a new aviation treaty to allow British carrier Virgin Atlantic Airways to fly to India hinged on more Heathrow airport slots for Air India.
        Reuters  -  331 words
      • 224 54 AFP [MANILAJ Fledgling Air Philippines Inc has received the green light to operate international flights to Japan, South Korea, Hongkong, Taiwan and the United States, the transport department said yesterday. The airline received regulatory approval to fly from Manila to Kaoshiung and Taipei in Taiwan,
        AFP; FILE PHOTO  -  224 words
      • 1850 54 OTV FUGHT ETA FLIGHT ETD IH6374 1540 IH6375 0955 MM AN8230 1920 SO325 1540 S0326 0955 IH6381 1920 LHT86 1650 DE9103 2235 $0230 n20 NZ45S6 1650 LH6373 2355 AmMm $0327 0800 KLS44 0105 .XgJ 6*973 1005 W4328 2320 1X9,02 2005 H2 l83T 1535 «8u' H2 aw
        1,850 words
  • Page 39 Advertisements
    • 19 39 Romanian mprrhant fleet: Sinking under a debt weight State owner is liquidating financially ailing Navrom shipping company. Page 2
      19 words
    • 189 39 New age harbour towage i Tug Towage Th e Maritime Port Authority whole new ocean of potential Services Singapore's liberalisation for operators and the SHTPPTNr ttmfs scheme now provides port supporting industries. Special Feature altemative to Shipping Times will be doing Tuesday, tug and towage serv.ces. a social Feature on
      189 words
    • 22 39 Boeing building 737s at rate of 24 a month Production rate the highest ever for a single commercial airplane model. Back Page
      22 words

  • Page 40 Advertisements
    • 1285 40 I NORTH AMERICA 1 1 EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA I WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) msa vor fusm new in ml nm ok wi mncooiT msa vot m jSSmmnotaao cwawo pt caimu mmavwtma saimacwT BoSB uisTi m7h ii/m "m/m
      1,285 words
    • 713 40 5 Unes services represented by Members of the Registry of Accredited Shipping Agents Singapore Shipping Association Members of the Singapore Freight Forwarders Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAK BULK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 30/03/99 BOOKINGS CALL MONKA/AI UNO TEL 323 4374 CONTAINERS/
      713 words

  • Page 41 Advertisements
    • 1151 41 TO EUROPE FROM EUROPE vcsa VOY SNI RTM ANR HAW MY SOU FIT LfH I Ivtssa VOY j ITW ANR HAM ORV SOU FIT LtH sw HY EMPEROR Jim IS/03 01/04 03/04 04/04 31/03 HYDUR 31* i 11/07 70/02 23/0217/02 13/03 MM AMAZ9MTI 021W 10/03 10/04 07/04 00/04 05/04 ft
      1,151 words
    • 2099 41 <g) HANJIN SHIPPING mJf 1 Ms ewr« to* v* mnx HAMJIM SHIPPING (S) PTI LTD Iwy. <m lOCWUWC *****35 237 SAIfS 37+0774 ?3> OOCUNBIT *****71 274 OgMjMS *****50 251 mi* IWIt *****55 fU *****60 MO 11 *****0000N TO NW USA A CANADA USA CANADA* mvsi/voY mm siT" um HAU./VOT su
      2,099 words
    • 438 41 rasa w_ _Mi_ *6 w sm hk m. usn ws KMTC PROVIDES ancgawK was 21/02 23/02 wai 24/02 21/02 02/03 o*/03 05/03 htwpai swung ows ?*/w 05/03 07/03 w/rn 10/03 DCCIH AD RRFAKRiII K u>T(wowotowt ms 21/02 02/03 wx 03/03 07/03 w/03 ii/m 12/B3 nCMUUin DIICMIVDULIV OUC PUS** 403S OS/TO
      438 words

  • Page 42 Advertisements
    • 1640 42 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA IvtSSEL VOY ism |UH I RTM IWB HAW WV I fU~| I VHStI |VOY I'IT BIT ISKI TO I W.C I OTB I TRADE MAPIE WQTI3 12 03 O M M M II M K M M M CHOYANG PHOCMX WMtl4 1103 M M
      1,640 words
    • 980 42 MAU-NELS S PURE M'SIA P—m Carrier MN CONTR UNES, INC P. QUDANQ: (07) *****26 I l~f\—/ J NO< **********0 C 8IBU: (084)*****9 MANILA: (632) *****24 V W PENANQ: (04)*****36 BANGKOK: (862) *****57 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCHINO (082) *****1-3 BARCELONA MV
      980 words
    • 559 42 LINE A miinMMniiaMiiii MUARA LABUAN 1 vtssa vor m» n* vnsa vor rro n* sratf mam spoti um CARAKA JHI32 VOSE/09 S<*4 11/03 CAAAKA JN332 VttE/W SdU 12/03 JPtOSPW VOSE/99 14/03 19/03 J PtOSPEI VOSI/00 10/03 10/03 CARAKA *332 VO4E/W 19/63 72/03 CARAKA *332 VOOE/W 19/03 23/03 J PtOSPB VOtt/99
      559 words

  • Page 43 Advertisements
    • 1208 43 [VESSEL VOY SIN PKO PEN PQB DUB DAM BHJ IBA BIK IRAN BABAEI PJLI333 06/03 17/03 18/03 IS/03 21/03 23/03 IRAN TAKHTI PJLI337 15/03 24/03 28/03 28/03 28/03 30/03 IRAN LORESTAN PJLI33B 22/03 31/03 01/04 02/04 04/04 08/04 IRAN TABATABAEI PJLI339 29/03 07/04 08/04 09/04 11/04 13/04 IRAN TEYFOURI PJLI34O
      1,208 words
    • 2774 43 Wnidy Soiling to Kvropt iali Ports I Ivry Monday mmi >itird«y* J SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****0* OUTWARD (I A) COSTAR SHIPPING PTE LTD #17-08 DIS BIDG SALES/BKGS *****57/60 INWARD DEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWER TWO
      2,774 words

  • Page 44 Advertisements
    • 1351 44 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DECENT RW-OM 14/03 02AM 07/04 03/04 06/04 80/04 07/04 E REACH RE 022 IMJ2 20/02 19/02 21/02 23/02 18/03 11/03 E DIAMOND RW-004 21/03 00/04 13/04 09/04 11/04 12/04 13AM E ROYAL RE 036
      1,351 words
    • 764 44 PACIFIC INTERNATIONAL LINES (PTE) LTD sSSSr I lli 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: **********06 I ||yp»a vpy MI WI no MB WW mm m mMI I I lUNCA TItATAI4 ITW7 IJ/3 13/3 24/3 27/3 21/3 3/4 0/4 10/4 I I MB m llfr I
      764 words
    • 487 44 NANTAI LINE J FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA yissu vot s« pui nut wi gi w HAMRI QUEEN V.Q33S 15/03 24/83 71/03 31/83 81/04 84/84 nakiai dragon torn 23/03 02/04 ot/84 "w/oT "ie/aT mmvaus YO33S 03/84 12/84 lt/84 19/84 20/84 GOLDEN DtAGOW Ml IS 14/04 23/04 21/84 81/D2
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  • Page 45 Advertisements
    • 475 45 i BSA x M MYANMA «BBk FIVE STAR LINE (MyoHHiar Notional Una) Loading lor Tango* (Rangoon) VISSEI VOY SIN PRL PEN PGU MIR GUI VISI Sl# MAWLAMYINE VttW SU MALAYSIA AGENTS: OOUSTEAD SHIPfING AGENCIES RUL- m (03)*****00 PKL m (03) 376*101 PEN: HI (04) *****02 PGU: TH (07) *****21/4 BANKUNE
      475 words
    • 1316 45 HMNEHYUNDAI MERCHANT MARINE CO., LTD. vpsa ~yoT *aT ~sou~~uir rtm ant "ham wrv ~m~"~ vtssa voy sou ~HT rtm ant nam mv hi "IB" nohoute 012W 12/03 02/0403/0420/03 30/03 ky dure 3141 20/02 23/02 13/03 HY EMPEROR 317W 15/03 31/03 01/04 03/04 04/04 RMNE 5251 24/02 27/02 21/02 23/02 7/03
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    • 1133 45 norwgon ipeaokzed aAocoman ®°s®e TO NORTH AM UMI AMERICA RORO HEAVYUFT SERVICE" |VESSH VOY RAMP HEIGHT SIN LAX CRI MIA SAV ML Off HYC NIW 1404 TOM F904 4001 am 6JM ***** 10/04 WO4 22/04 24/04 24/04 27/04 29/04 03/05 04/05 TARONGA F907 400 Tom 4.3 M 25/03 22/04 01/05
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  • Page 46 Advertisements
    • 766 46 BANGKOK/MAP TA PHUT/LAIM CHABANQ JAKAWTA/PAN JANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 406N 13/03 17/03 1&/03 ANRO JAYAKARTA* 078 13/03 16/03 XETHA BHUM** 274N 14AM 17/03 18/03 AKA BHUM 338S 13/03 18/03 CHANA BHUM** 61N IS/03 19/03 ACX JADE* 453 15/03 18/03 DANU
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    • 514 46 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL COWTAIMPS SEHVK* w. Ivorlwa an! m m st» Ma it m WHW Itt |11/ M 11/ M :i/M M/W »/M tl/X W/M MBTBHWWBSI ?3S 111/ Hi M/« 11/43 W/M W/X 11/— miwrf iisb/my/>3 */u H/M h/M is/04 U/*4 wit |14l |»I/>4M/»4| |u/l<j'*/»«l»/»«l 1»/*«1
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    • 871 46 VESSELS VOY PKL I JED I MLA LEH ffTM HAM ZEE SOT VIXE DE VIRQO S3OW IMB 17AM 2V03 3Q03 06AM OMM OBW KHM 11/04 VXEOEVELA N3OW 24/Q3 2V03 03AM 0604 13/04 IVQ4 law IftP4 WLE DE SHANGHAI H3OW 3QQ3 31/03 OMM WW IWO4 20/04 21/04 23W 2W VILLE D-QWON
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  • Page 47 Advertisements
    • 42 47 onaemancf —(Retrieve more schedules!) Press-r JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another Innovative service offered by The document Will be SHIPPING TIMES SKg
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  • Page 49 Advertisements
    • 138 49 _pß|_ FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
      138 words

  • Page 50 Advertisements
    • 169 50 I eb PlUfli MitMdOMXLIAmmXUL (FOREST PROOUCTS SERVICE) FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAR EAST BIMK ?IRVKI VESS&/VOY sin laemchamng muniia hongkong kslung TAW CKM KKU TMA GUARDIAN ANGEL SAILED SAILED SAILED *»AVOYO94 07/04 09/04 13/04 15/04 loading rot: DON VOYOI6 20/04 22/04 25/04 27/04 Sm/FIUSHmG/A*TWt«f/CACUA«Y/NIWfO«T UK PASQUAU •AUTMA- mNWSMMB
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    • 259 50 ■I.I'H Jf HI JI SHIPPING LINE 11 if'lmi'H ■tvi Ii 1 k .I I I InlH I LIBYA BENGHAZI TRIPOLI VtSttIMAMI VOT.HO BKMOW SttfeAfOtt PUBAI FKDM KAMI DOT KN6HAZI TWTOU MMB 1133 »QIW 00 03 99 *****9 lIHFSAI) 74 03 99 0* 05 99 07.05.99 UKHTI 1337 05 03 99
      259 words
    • 177 50 ESP LINES wimr lci amd rci s fit via —EMM tutor? CHfTTAGOMG, HUMAS lANGCOK, HONG KONG HAMUtG, lOTTBMM 8088 MY, COUMHO MMRIfcMMA AKTWHf, FtlllSTOWl CAtOffTA NO CM—K. HATMOII6 REGULAR CONTAINERISED INDONESIAN SERVICE I VKSa/YOTAW S'fOtt JCT SU» 'lift S»6 "1 CAtUim/1788/H 13/83 IH7/83 19-78/83 7374/83 WBMAII /WHTt 14/83 It/83 11/83
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  • Page 51 Advertisements
    • 1107 51 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR no. **********00 TEL: *****88 FAX: *****29 (OUTWARD) *****63-4 (INWARO) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME; 535 6266 Colla/Jesslca/Mal Chan/Jeslynn/Oora/Hanim EZEZSESEHMI 7slgs/week E22E25M 2 slg/week I VESSEL VOY SIN ]~~JAK I VESSEL |VOY SIN
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    • 1077 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I WO 1 SIN I MT 1 SUP 1 OLW I FPO I COO I OOW I HAL NYL OOF SAV NEW I TAR MOM~| HOWHPTM/MSO 10/03 24/03 20/0? 05/03 24/03 30/03 o*/04 W/04 05/05 00/05 OVOS 12/05 I*/0S 31/05 25/ OS
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    • 642 51 rrrg Singapore Soviet Shipping CPL a N* IOOSOUOOOON Multiline Stripping PI W3)j WMr-0»>«IS«Mwy) a H* *****9300MK VESSEL VOY S4N BOM PNG PKL PERAK 126N 14/03 21/03 01/04 02/04 KOTARUKUN RKNO3I 20/03 27/03 07/04 06/04 KOTARATU RTUO39 27/03 03/04 14/04 19/04 I VESSEL VOY SWi CALCUTTA SIN M REGINA RGAOBS 11-12/03
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  • Page 52 Advertisements
    • 575 52 I VESSEL VOY SIN MAA SIN I TIGER ISLAND 691N 13-14/03 18-21/03 26-27/03 I TIGER PEARL 692N 16-1603 22-25/03 30-30/03 I TIGER SEA 693N 19-20/03 25-2603 02-03/04 I TIGER BAY 694N 23-23/03 29-01/04 06-06/04 I TIGER ISLAND 695N 26-27/03 01 04,T)4 09-10/04 I TIGER PEARL 696N 30 30-03 05-0604 13-13/04
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    • 1035 52 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesinQsingnet.com.sg LCL DIRECT SERVICE NEW DELHI (INDIA) MERSIN (TURKEY) COCHIN (INDIA) ISTANBUL (TURKEY) ABU DHABI (UAE) IZMIR (TURKEY) Par booking, please contact Teh 1800-*****66 Overseas Offices Hongkong *****113 flms@asiaonlino.net Port Kelang *****40 flom@tm.net.my Bangkok *****42 kunthidaSfleth.co.th Surabaya *****00 flo-sub@sby.mega.not.id Jakarta
      1,035 words
    • 1226 52 OOCL (S<noopore) Pte Ltd CFS Kepoel 79 AntM Road #21-04 (S) *****4 Hk 513 #01-12* M CB NO **********0H T«fc 272 7127 f9r bookm 9 T«fc *****13 Fu 221 3942 272 7125 Orient Overseas Container line (Malaysia) Sdn Bhd (Rag No: *****2-U) {a S~~\ PfFALING JAYA W: 03-754 7776 F«:
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  • Page 53 Miscellaneous
    • 125 53 LEGEND: K Thunderstorm Temperature c X\ V Shower Weather Wind direction with speed in knots ee Rom Cloudy Sky Wov height **«irfoce winds ore mdicoted by arrows which fly with the wind One Ml circle represents colm or light ond variable winds J.. One half Heche represents 5 knots One
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