The Business Times, 20 April 1999

Microfilm: NL21483
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MIT A 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, APRIL 20,1999
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  • Article
    MARKET SUMMARY
    62 1 □sn *****1 (+72.39) BT-SBI ***** (+42.02) SIMSCI FUTURES ***** (+16.80) MARKET MOOD: STOCK MAMET INDICES Monday Change KLSE COMP 115.42 +MJ1 NIKKEI 18,674.21 -177J7 HANO SENG 12.766.44 +***** SET INDEX ***** +9.66 JAKARTA COMP 508.15 +2&62 MANILA COMP „1366.98__+***** TMStWPl 7,623.18 +41.68 SEOUL COMP ***** +4L46 CLSA CHINA
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  • Article
    FINANCE
    84 1 FOREX RATES us$ St U8$ 1.706 £(US$/S$ per£) 1.618 2.759 EUR0(US$/S$ per E) 1.067 1.819 DM 1.834 0.930 YEN 11&1 1444* B* 1800 0.449 HKS 7.748 0120 BAHT 3754 0.046 HJP1AH 8,613 0.020 PRIME SATES SINGAPORE* 1 5.825 KUALA UiMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA J2J0 HONG KONG
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  • Article, Illustration
    15% of S'pore stocks back to pre-crisis levels
    802 1  -  Bat penny stocks, second liners still have a lot of catching up to do: brokers By- Ven Sreenivasan [SINGAPORE] The Singapore stockmarket surged another 72.39 points yesterday, bringing the benchmark Straits Times Index to just 82 points short of the pre-crisis level
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  • Article
    Lock icon Dow up 238 points at 1pm
    84 1 Reuters [NEW YORK] The Dow Jones Industrial Average thundered through record territory at midday yesterday, with strong earnings from financial services giant Citigroup giving Wall Street another reason to continue its recent buying spree. The blue-chip index surged 238.43 points, or over 2 per
    Reuters  -  84 words
  • Article
    Bull run or bear trap?
    785 1  -  COMMENTARY Stocks are looking good, but watch the liquidity flows, says Wong Wei Bong Wong Wei Song The Straits Times Index appears unstoppable. It has surged over 30 per cent since the start of the year. In the last two sessions alone, the index gained
    785 words
  • Article
    $1.87b traded is just short of record high
    490 1  -  Current surge surprises most industry players By 1 Teh Hooi Ling [SINGAPORE] A hefty 1.17 billion shares and warrants worth $1.87 billion changed hands on the local bourse yesterday, just a whisker shy of its $1.88 billion all-time high in 1994. It
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  • Article
    KLSE chief passes over question of Clob shares
    542 1  -  From Eddie Toh in Kuala Lumpur PARTICIPANTS of a closed-door seminar organised by Bank Negara were disappointed yesterday that the issue of frozen Clob shares was again passed over. Expectations had built up that a solution was at hand but all the
    542 words
  • Article, Illustration
    Promet's Soh Chee Wen faces arrest in M'sia
    809 1  -  Securities watchdog also seeks his business associate Patric Lim's arrest From. Eddie Toh in Kuala Lumpur THE Malaysian authorities have issued warrants of arrest for two controversial corporate figures Soh Chee Wen of Promet Bhd and his business associate, Patric Lim of
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      144 1 nCSTOE The Piupetly Oolimm Lee Han Shih on why the government should resume land sales, Pg 7 fiampaq CEO'S shock resignation Surprised, yes. But also stirred, not shaken, AsiaPacific executives of Campaq Computer Corp said yesterday of the shock resignation of president and CEO Eckhard Pfeififer, Pg 5 Back to
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      4 1 Market reports, Pg 20-26
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      41 1 Economic recovery: Boon Heng urges caution, Pg 2 The Mighty Dow: is it afactor?Pg2 Softer Interest rate trend to continue, Pg 3 Property recovery seen in lower end of market, Pg 3 Investors jam Web pages for online updates, Pg 4
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  • MARKETS FOCUS
    • Article
      Top 100
      660 2 The STI has soared more than 1,000 points since hitting rock bottom at 805.04 on Sept 4 '98. This table shows the 100 Singapore stocks that have recovered most since then. APR 9 SEPT 4 99 99 CHANGE PRICE 1 IMM Multi-Enterprise 0.88 0.08 1000.0 2 Sembcorp Logistics
      660 words
    • Article, Illustration
      Boon Heng urges caution amid recovery euphoria
      336 2  -  THE RECOVERY STORY Dow Jones index might correct by 30-40%, he says By Carol Eng LABOUR chief Lim Boon Heng yesterday spoke to cool some of the gathering euphoria of an imminent economic recovery by urging caution in interpreting economic indicators. "There are
      336 words
    • Article
      Pickup widely seen in non-oil exports
      1018 2  -  Official indications dampen expectations bnt recovery story's still intact By. Anna Teo AFTER months in decline, non-oil domestic exports are widely expected to have picked up in March, though latest official indications have dampened the expectations. The question will be settled today when the
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    • Article, Illustration
      Lock icon Rise in STI rests on more than feel-good factor
      844 2  -  THE MIGHTS' DOW Expectations of economic recovery fuelling share prices By] Louis Beckerling HEADLINE-GRABBING advances made by the Dow Jones Industrial Index this month partially explain why the Singapore stock market is booming again. But investors should join the party only
      Source: Datastream  -  844 words
    • Article, Illustration
      Lock icon Property counters hit late-1997 levels
      523 2  -  PROPERTY Stocks have outrun fnndamiftntalff, analysts caution By\ David Boey PROPERTY stocks burst into life yesterday, with heavyweight property counters chased to price levels last reached in late 1997. But while demand for real estate counters helped the SES Property Index to a new year-high
      Source: Bloomberg  -  523 words
    • Article, Illustration
      Lock icon Softer rate trend set to continue, says DBS
      750 3  -  INTEREST RATE Bank watching rate development closely, intends to stay as money market leader By I Siow Li Sen DBS Bank says the softer interest rate trend is set to continue and that it intends to continue to be a leader in
      Source: Bloomberg  -  750 words
    • Article, Illustration
      Recovery seen in lower end of home market
      702 3  -  PROPERTY But economy must pick up for uptrend to hold: observers By{ Corinne Kerk STRONG momentum and high liquidity in the stock market over the past month are fuelling positive sentiment in the property market. But while the private residential market may
      702 words
    • Article
      More foreign funds ride on Asia recovery story
      487 4  -  Money pouring in from US, Europe amid institutional reweighting By\ R Sivanithy MORE and more European and US funds were latching onto the low interest rate, low inflation and potentially high growth story offered by Asia, especially since Wall Street is now
      487 words
    • Article, Illustration
      Lock icon Asia to see at best modest growth in '99: ADB
      823 4  -  Bank cites obstacles in lingering woes of crisis, contagion from external events Reports by Anthony Rowley in Tokyo IN contrast to growing optimism among foreign investors about early economic recovery in Asia, the Asian Development Bank (ADB) sounds a highly
      FILE PHOTO  -  823 words
    • Article
      S'pore economy seen growing 4% next year
      433 4 THE Singapore economy will grow by 4 per cent next year after slowing to one per cent this year, suggests the Asian Development Bank in its latest Asian Development Outlook published today. "When market sentiment swings back towards Asia (as the Asian financial
      433 words
    • Article, Illustration
      Lock icon Investors jam Web pages for online updates
      450 4  -  Orders surge at fonr broking firms that offer Net trading By' Teh Hooi Ling NOT wanting to be left out of the biggest bull run in nearly 20 months, investors yesterday jammed the Web to get online updates of stock prices and took
      ARTHUR LEE  -  450 words
    • Article
      Lock icon HK economy showing signs of recovery: Tsang
      385 4 AFXAsia [HONGKONG] Hongkong's economy is still quite fragile although it is showing signs of recovery, Financial Secretary Donald Tsang said yesterday. Speaking at a conference, Mr Tsang said that up until the end of last year, Hongkong had not seen any turnaround in
      AFX- Asia  -  385 words
    • Article
      Optimism spreads as Indon stocks rally
      534 4  -  From! Shoeb Kagda in Jakarta WITH the stock market displaying renewed vitality and showing no signs of slackening, a sense of optimism is'beginning to replace the gloom that has hung over the Indonesian economy for the better part of the past 18 months. Market
      534 words
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      57 2 The big surge in local share prices has been attributed to four main factors the majestic Dow and influx of foreign funds, the likely fall in prime lending rates, the recovering economy, and the positive sentiment in the property market. But are these mere perceptions by investors'' In this page
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      9 2 Call for wage restraint again this year, Pg 6
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      280 3 DBS cut* to match rivals' home loan rates, Pg 5 w NOKIA V I' I' m 3r£fj E| /jM K loomV gfflßjj A Hukl v ;r r "I can be thousands of miles away, yet back to the office in a second with the new />y 'Hk^BQk^^ Nokia 9110 Communicator."
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon It's business as usual for Compaq Asia-Pac execs
      510 5  -  But some business clients are uneasy abont Pfeiffer's shock resignation By\ Kenneth James SURPRISED, yes. But also stirred, not shaken, Asia-Pa-cific executives of Compaq Computer Corp said following the news yesterday of the shock resignation of president and CEO Eckhard Pfeiffer. Compaq
      FILE PHOTO  -  510 words
    • Article
      DBS cuts to match rivals' home loan rates
      299 5  -  Fixed rate for first year of mortgage now stands at 4% By Clarissa Tan DBS Bank yesterday cut its housing loan rates to match those of its rivals, which had brought their rates down a few weeks ago. Singapore's largest home loan
      299 words
    • Article, Illustration
      Lock icon Viagra available now in S'pore as prescription drug
      394 5  -  Pack of four 50 mg tablets to be sold for $65.55 By\ Rahita Elias THE little blue pill with big promises has landed in Singapore. Pfizer Inc, a US-based healthcare company, yesterday launched anti-impotence drug Viagra here. It has started distribution to
      AFP  -  394 words
    • Article, Illustration
      Lock icon S'pore Power seeks credit rating by int'l rating agencies
      531 6  -  No time-frame for bond issue, but move's a first step says chairman By- Eugene Low SINGAPORE Power is preparing itself for a bond issue by getting its credit rated by rating agencies such as Standard and Poor's and Moody's, said chairman
      FILE PHOTO  -  531 words
    • Article, Illustration
      Lock icon S'poreans urged' to exercise wage restraint again this year
      400 6  -  Recovery still fragile and uncertain, says Boon Heng By» Carol Eng SINGAPORE should exercise wage restraint again this year as the country's economic recovery remains tenuous, said labour chief Lim Boon Heng yesterday. "It will be wise of us not to
      FILE PHOTO  -  400 words
    • Article, Illustration
      Lock icon Retail sales rise 11% in Feb
      335 6  -  EYE ON THE ECONOMY Retail By I Soh Tiang Keng RETAIL sales in Singapore surged by 11.1 per cent to $1.69 billion at current prices in February this year. On a year-to-year basis, this is the first rise in the retail sales index in
      Source: Dept of Statistics  -  335 words
    • Article
      No Dec 31 public holiday over Y2K
      204 6 WHILE the Monetary Authority of Singapore may be deciding whether to declare Dec 31 a bank holiday, the rest of us will not have that day off. The MAS said last month that it is considering a proposal by the Association of Banks
      204 words
    • NEWS Roundup
      • Article
        Healthy practices award
        60 6 THE Ministry of Health is Inviting public and private organisations to apply for the Helping Employees Achieve Life-Time Health award to be presented in conjunction with the National Healthy Lifestyle Campaign. The annual award hopes to promote healthy practices in workplaces and to give recognition to companies
        60 words
      • Article
        Kosovar refugees to get US$50,000
        56 6 THE Singapore government will make a cash donation of US$5O,OOO to the United Nations High Commission for Refugees (UNHCR) for financing humanitarian assistance to Kosovar refugees who are being deported by Yugoslavia. The UNHCR is the leading United Nations agency coordinating relief efforts for the
        56 words
      • Article
        Abassador to Uzbekistan named
        82 6 THE Ministry of Foreign Affairs yesterday announced the appointment of Sim Check Lim, chairman of the Commercial and Industrial Security Corporation, as Singapore's Ambassador to the Republic of Uzbekistan. Mr Sim is concurrently Singapore's non-resident Ambassador to the Republic of Kazakhstan. He will continue to reside
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      70 5 Compaq drops CEO in surprise coup, Pg 19 j Vjjjfife^ c^~-, i. s&?'''- f -i V v y -&*~s- yy^^»-g• ■ii!sw^s~* *'<''■* 3'i f;s'V .T- i- j: V. L 1 i> )f( 'l'- WL-: •"4 «1. V jV .--^j^fijjSMlWiMßMßl^^^BßtftttfiSsßfißßßßßßl o„ i- -I _1- ,-*-ur 'ti^u-^-fcaaiMiBBB^^H^BB^MS^IMI^MMMM x j^gP l .'V"*^s.' I*.
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      191 6 Shonpit. PERMANENT MARKER Made in USA, Sharpie permanent markers are so well sought-after that even celebrities and famous personalities use them to sign autographs... no wonder Sharpie markers are said to be America's most celebrated markers! convenient pocket clip long-lasting durability II permanent on most hard-to-mark surfaces 8 vivid ink
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      96 6 LUCERNE BY-THE-RIVER SWISS RES TAUKAN I AND BAR Set m the same riverside ambience of the famous border town in Switzerland l anlare of International cuisine r Swiss Italian I rench Austrian German 1| li I ML-J WtMBBBBB ■■■m I Make a date for Lunch or Dinner (air-con or alfresco
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      92 6 Providing A\ 1 UJIBJU cool comfort for commerical j 10 Anson Road #12-14 ana mulistria.l Intenutionil PUzi S pore *****3 Tel: 222 0665 Fix: 224 8358 building V E""* hpcHr#cyberw»y.axn.ig uuiiuuigj, website it btzp^www.hittdupUaLhbi.nejp J— I f.% 1 The grass is always greener on the other side. With so many
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Why the govt should resume land sales
      717 7  -  this PROPERTY COLUMN Besides helping to cool developers' buying fever, It can also recoup lost revenue By Lee Han Shih OVER the past few months developers have gone to great lengths to secure residential properties. Given such enthusiasm, should the government restart its
      FILE PHOTO  -  717 words
    • Article
      Lock icon US real estate gems go on the auction block
      737 7 With commissions at an average 6%, auction houses earn a tidy profit NYT [ATLANTA) During the *****, as affluence has swept the country, the number of "trophy houses" changing hands has soared, and the auction gala a black-tie affair that auctioneers
      NYT  -  737 words
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      165 7 PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory and warehouse Land Area 28,989 sqm Gross Floor Area :Approx. 22,006 sqm Tenure :JTC Leasehold 30+30 years wef 01 February 1982 2) Address 24 Senoko Drive Description 2 blocks of purpose-built office, factory
      165 words
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      179 7 Experience the World Class Seating Programme TODAY Dynamic Straight Line Corporate Seating. Aesthetically pleasing, matches perfectly product excellence and advanced manufacturing technology. From prestigious management seating to supportive task seating, we have the finest collection for you. VERTEC moving ahead in style. To experience the new seating sensation call us
      179 words
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      99 7 PRIME FACTORY SPACE FOR LEASE Centrally located within Ang Mo Kio Industrial Estate Floor Area Approx. 10,000 20,000 50,000 sq ft Suitable For Clean Light Industries Monthly Rental: 550.90 psf Available Now Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tel: 224 8181 Fax: 532 0157 Factory In
      99 words
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      235 7 PRIME INDUSTRIAL LAND FOR SALE Address 200 Bedok South Avenue 1 Land Area Approx. 174,246 sq ft Existing GFA Approx. 37,972 sq ft with a redevelopment potential of up to 435,000 sq ft Tenure HDB Leasehold 60 years wef 1 June 1972 Ground Rent 5512.00 per annum Permissible Plot Ratio
      235 words
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  • SOUTH-EAST ASIA
    • Article
      Malaysia set to tap global bond market for funds
      614 8  -  Spreads have narrowed and govt is monitoring market for timing minister Prom Ruth Wong, Eddie Toh in Kuala Lumpur MALAYSIA is set to return as a sovereign borrower in the international bond market following a less hostile 4attitude towards the country's
      614 words
    • Article
      Lock icon M'sian bank liberalisation will be gradual: minister
      168 8 KUALA LUMPUR Reuters MALAYSIA remains committed to open up its banking sector but the pace of liberalisation will be gradual and progressive, Second Finance Minister Mustapa Mohamed said yesterday. He said that the banking sector already had a significant foreign presence. He defended
      Reuters  -  168 words
    • Article
      Lock icon M'sia growth to hit 2% this year: Goldman Sachs
      293 8 M KUALA LUMPUR AFP, Reuters US investment house Goldman Sachs said yesterday that Malaysia's gross domestic product (GDP) was projected to grow 2 per cent this year and 3.9 per cent next year after contracting 6.7 per cent in 1998. Don
      AFP,; Reuters  -  293 words
    • Article
      Lock icon Mahathir may declare emergency: Wan Azizah
      616 8 ANWAR'S JAILING EL protests incited by police brutality, she tells CNN AFP [KUALA LUMPUR] Prime Minister Mahathir Mohamad may declare a state of emergency following street violence after his deputy Anwar Ibrahim's jail sentence, Anwar's wife said yesterday. In an interview with Cable News
      AFP  -  616 words
    • Article, Illustration
      Lock icon Explosion rocks Jakarta mosque
      244 8 JAKARTA Habibie urges people not to be swept up in religions unrest Reuters INDONESIAN President BJ Habibie yesterday urged people not be swept up in religious unrest after a bomb blast hit the country's largest mosque, a senior minister said. "The president said not to be
      Reuters; REUTERS  -  244 words
    • Article
      Lock icon 94 people arrested, weapons seized after pro-Anwar protests
      187 8 KUALA LUMPUR AFXAsia AFP MORE than 90 demonstrators were under detention and their weapons seized after protests against the jailing of former Malaysian deputy premier Anwar Ibrahim turned violent, police said. The official news agency Bernama said the demonstrators were being held
      AFX- Asia; AFP  -  187 words
    • Article, Illustration
      Lock icon Chavalit quits as NAP leader
      480 9  -  Former Thai PM bows to pressure from party, Thais From'. Harish Mehta in Bangkok FORMER Thai prime minister Chavalit Yongchaiyudh has resigned as the leader of the New Aspiration Party (NAP) after nine years, bowing to pressure from his party, the Thai people and the
      FILE PHOTO  -  480 words
    • Article
      Lock icon Indonesia wraps up East Timor proposal ahead of NY meeting
      347 9 JAKARTA Reuter, AFP THE Indonesian government yesterday completed its proposal for a wide-ranging autonomy for the former Portuguese colony of East Timor ahead of ministers' meeting in New York with the United Nations and Lisbon. Indonesian Foreign Minister Ali Alatas
      Reuter,; AFP  -  347 words
    • Article
      Lock icon Tommy's case a criminal, not civil one, insist prosecutors
      328 9 JAKARTA Court dismisses case against former head of regulator Bulog Reuters INDONESIAN prosecutors insisted yesterday that the son of former president Suharto should be tried in a criminal court. Lawyers for Hutomo "Tommy" Mandala Putra, Mr Suharto's youngest son, have argued
      Reuters  -  328 words
    • Article
      Thailand's economy set to grow 0.3% in Q2
      537 9  -  Govt think-tank sees npturn in many indicators, 1% growth this year From Harish Mehta in Bangkok THAILAND'S economy is on the recovery track with growth for the second quarter estimated at a modest 0.3 per cent, after contracting 4.7 per cent in
      537 words
    • Article
      Lock icon Nakornthon to pick foreign partner by April 29
      154 9 BANGKOK Reuters THAILAND'S Nakornthon Bank must choose one of two foreign partners by April 29, the Bank of Thailand said yesterday. Kiatchai Sophastienphong, head of the central bank's Financial Institutions Policy Department, told reporters that the small commercial bank had to make
      Reuters  -  154 words
    • NOTE Book
      • Article
        Lock icon World Bank on Indon loan disbursement
        65 9 AFX-Asia [JAKARTA] The World Bank is not withholding ftmding from Indonesia over concerns it might be misused ahead of the elections, the World Bank's new Indonesia country director Mark Balrd said. He was responding to reports that the bank has delayed a US$6OO million
        AFX-Asia  -  65 words
      • Article
        Lock icon Anction of Siam City Bank postponed
        73 9 Reuters [BANGKOK] Thailand will auction state-owned Slam City Bank and Bangkok Metropolitan Bank on May 3 instead of April 19 as planned, a central bank source said yesterday. The auction will be open to local and foreign bidders. The source said the delay was
        Reuters  -  73 words
      • Article
        Lock icon M'sian farmers demand minimum pay
        47 9 Reuters [KUALA LUMPUR] About 1,000 farmers demanding minimum pay protested peacefully yesterday outside Malaysia's Parliament. The farmers were asking fen* a minimum monthly payment 0f750 Malaysian ringglt (*****), a minimum annual bonus worth one month's salary and a RMI,OOO payment at retirement.—Reuters
        Reuters  -  47 words
      • Article
        Lock icon PAL chairman re-assumes post of CEO
        39 9 AFX-Asia [MANILA] Philippine Airlines chairman Luck) Tan said he is re-assuming the position of chief executive after committing to inject the required US$2OO million (SS34I million) in fresh equity into the airline. —AFX-Asia
        AFX-Asia  -  39 words
      • Article
        Lock icon Bangkok to raise 40b baht via bonds
        51 9 AFX-Asia [BANGKOK] The cabinet has given its approval to the finance ministry to raise 40 billion baht (SII.B billion) domestically via bond issues to cover the planned year to September 2000 budget deficit the Nation newspaper quoted Finance Minister Tarrin Nimmanahaeminda as saying.
        AFX-Asia  -  51 words
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      106 8 c^ anne !s yMJKH •Mi 'i 4 5 way elecironic f seat adjustment 65.7 cm *> A' «-C* 9 1 ty V 155 cm Study these impressive figures and you'll see that it's worth investing in our new Business Class on your next trip. Our exclusive Dreamt in*c c r
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      49 9 j. i -n. nuous-run video channels. Or sit up for a fresh menu specially created by renowned Australian mm »_j| n J°y our ]<J 4jf nJcilp p rr y with a choice of wines. Then recline to ponder business figures of your own. v THE SPIRIT OF AUSTRAL/A I
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  • CHINA-HONGKONG-TAIWAN
    • Article
      HK jobless rate hits 25-year peak of 6.2%
      589 10  -  Govt officials hint of improvement amid signs of economic recovery From Quak Hiang Whai in Hongkong HONGKONG'S jobless rate continues to reach new heights, hitting a 25-year peak of 6.2 per cent in the first quarter. As foreign funds oblivious to the
      589 words
    • Article, Illustration
      Lock icon China's WTO entry may hurt HK's role
      219 10 HONGKONG Reuters HONGKONG'S top civil servant, Anson Chan, said yesterday the territory's role as a business gateway to mainland China might change when Beijing is finally admitted to the World Trade Organization (WTO). But she said Hongkong would remain a crucial springboard for
      Reuters  -  219 words
    • Article
      Lock icon Taiwan export order slide seen bottoming out
      307 10 TAIPEI Analysts expect March orders to be down a mere 0.72% Reuters AMID signs that Taiwan's year-long export decline is bottoming out, analysts expect that March export orders will have been even in year-on-year terms or only slightly lower, reflecting a high March
      Reuters  -  307 words
    • Article
      Lock icon Court to start hearings on Gitic's liquidation
      199 10 MHONGKONG AFP LIQUIDATION proceedings for China's bankrupt Guangdong International Trust and Investment Corp (Gitic) begin with a series of meetings set this week, a mainland court source said yesterday. He said the Intermediate People's Court in Guangzhou city will convene a creditors' meeting
      AFP  -  199 words
    • SINO Briefs
      • Article
        Lock icon HSBC unit made adviser
        71 10 Bloomberg [HONGKONG] HSBC Investment Bank Asia, the investment banking arm of HSBC Holdings pic, will advise Hongkong on the merger of the city's stock and futures exchanges, the government said. HSBC is the third party named to advise on the merger. Morgan Stanley Dean Witter was
        Bloomberg  -  71 words
      • Article
        Lock icon 25b yuan sea-land link in China
        64 10 Reuters [SHANGHAI! China will invest more than 25 billion yuan (SfS.l billion) to build a 2,200 km sea-land railway linking its eastern and north-eastern provinces, the official Wenhui Daily reported yesterday. The project, scheduled for completion between 2001 and 2005, would shorten the transport
        Reuters  -  64 words
      • Article
        Lock icon Taiwan banks' bad debts at 5.17%
        63 10 Bloomberg [TAIPEI] Taiwan financial institutions' non-performing loans surged to a record 5.17 per cent in February—up from 4.9 per cent in January—and will continue to rise the United Dally News reported, citing statistics from the central bank. Total non-performing loans jumped to NTS6BO billion
        Bloomberg  -  63 words
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      263 10 IflSI PACKARD Expanding Possibilities" HP's range of AU-in-One Products paper fax M white sheetfed scanner IS ST^£^HSB*W-- I WSmM r HP LaserJet 1100 A Laser quality black white printer K Fl Black white sheetfed scanner f ,l J fl Black white sheetfed copier HP omcejet 725 W fl Colour and
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  • ASIA
    • Article, Illustration
      Lock icon Sonia vows to form alternative India govt
      567 11 GO VERNMENT IN CRISIS But she faces doubts over whether her party can master parliament support AFP, Reuters [NEW DELHI] Indian opposition leader Sonia Gandhi vowed yesterday to give the country an alternative government, following the collapse of the Hindu national-ist-led coalition. But
      AFP,; Reuters; AFP  -  567 words
    • Article
      Lock icon Parliament meeting tomorrow to pass Budget in toto
      320 11 m NEW DELHI Whatever govt proposes, we shall agree: opposition AFP INDIA avoided a looming financial crisis yesterday, when an all-party parliamentary meeting agreed to pass the pending national Budget without amendment after the ouster of the ruling coalition. The Budget will
      AFP  -  320 words
    • Article
      Lock icon Foreigners may put of new investments
      394 11 NEWDELHI Schweppes, AT&T among those expressing concerns Bloomberg [NEW DELHI] Cadbury Schweppes Beverages Ltd, AT&T Corp and other foreign companies may put off new investments as the collapse of India's third government in as many years delays plans to open the economy. Legislation to
      Bloomberg  -  394 words
    • Article
      Lock icon Osaka shows no sign of fast recovery: BOJ
      231 11 TOKYO Consumer spending, capital investment down, says official Bloomberg THE Osaka region, Japan's second largest industrial area, shows little sign of recovery any time soon, the central bank's top official in the area said. "A slide of the economy has stopped this
      Bloomberg  -  231 words
    • ASIA Notes
      • Article
        Lock icon Japan will act to bring down yen
        71 11 Bridgenews [TOKYO] Ministry of Finance Vice-Minister for International Affairs Eisuke Sakakibara said yesterday that premature excessive yefl strengthening was not desirable for Japanese economic recovery. Mr Sakakibara added that Japan will take decisive steps should the yen strengthen prematurely. The dollar/yen plunged to
        Bridgenews  -  71 words
      • Article
        Lock icon Japan's PC shipments hit record high
        70 11 Reuters [TOKYO] Japanese computer makers shipped a record number of personal computers in the business year to March 31, a business daily said yesterday. Shipments of PCs topped 7.3 million units in fiscal 1998, up more than 6 per cent from the previous year,
        Reuters  -  70 words
      • Article
        Lock icon IBJ may close Paris,Madrid branches
        71 11 AFP {TOKYO] The Industrial Bank of Japan Ltd (IBJ) said yesterday it may close its branch offices in Paris and Madrid as part of a four-year restructuring plan. "A plan to close our branches in France and Spain is under consideration," an IBJ spokesman said.
        AFP  -  71 words
    • Article, Illustration
      Lock icon 20,000 Korean workers strike against mass layoffs
      323 11 SEOUL AFP ABOUT 20,000 South Korean unionised workers launched a strike yesterday to protest against mass layoffs, marking the start of a season of labour unrest in a country once used to lifetime employment. The strike was seen as a major new test
      AFP; REUTERS  -  323 words
    • Article
      Lock icon Govt draws away from Tokyo chiefs remarks
      175 11 l TOKYO AFP THE Japanese government yesterday distanced itself from an escalating war of words between Tokyo's brash new governor Shintaro Ishihara and an outraged China. The new governor, who has described the 1937 Nanjing massacre by Japan as an invention, further raised
      AFP  -  175 words
    • Article
      Lock icon NZ against picking WTO chief by majority vote
      192 11 WELLINGTON AFP NEW Zealand strongly objects to the World Trade Organisation (WTO) appointing its new director-general by a majority vote, Trade Minister Lockwood Smith said yesterday. Former New Zealand premier Mike Moore and Thai Commerce Minister Supachai Panitchpakdi are vying to succeed
      AFP  -  192 words
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      18 11 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 3132
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      3 11 Editorial, Pg 13
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      145 11 25 26 May 1999, The Manna Mandarin, Singapore A Two-day Conference providing 'real-time' information on the Bond Market in Singapore and Asia Overview of the Asian Bond Markets Growth of Institutional Investments Role Of Financial Guarantees I wi* Demystifying the Rating Process stored bond investment, Determining Credit Worthiness Bonds vs
      145 words
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  • THE WORLD
    • Article, Illustration
      Lock icon West won't be allowed to run Yugoslavia: Yeltsin
      572 12 THE KOSOVO CRISIS He has a long talk with Clinton, says Russia won't send any more warships to the region Reuters, Bloomberg, AFP [MOSCOW] President Boris Yeltsin yesterday said Russia would not allow the West to control Yugoslavia but, in a sign
      Reuters,; Bloomberg,; AFP  -  572 words
    • Article
      Lock icon Hit by Kosovo effect euro sinks to new lows against US$, £
      314 12 Hit by Kosovo effect euro sinks to new lows against US$, LONDON Reuters THE euro yesterday felt the full force of the market's appetite for higher yielding currencies, falling to a lifetime low against the US dollar and sterling. Concern that the cost of the war in Jugoslavia may worsen
      Reuters  -  314 words
    • Article
      Lock icon EU set to endorse e-commerce laws this week
      370 12 BRUSSELS Reuters THE European Union will move forward this week on two long-awaited measures to make it easier to do business over the Internet. One is legislation designed to give legal status to "electronic signatures", used to ensure that online transactions are
      Reuters  -  370 words
    • Article
      Lock icon EU to fight US plan to backdate punitive duties
      326 12 BRUSSELS Bloomberg THE European Union said it will challenge a US plan to backdate punitive duties on some EU exports to the US as part of a dispute about EU restrictions on imports of bananas. The US yesterday received the green
      Bloomberg  -  326 words
    • Article
      Lock icon Few signs of rising exports in euro area: ECB chief
      439 12 BRUSSELS Outlook justifies bank's decision to cut rates, he says Bloomberg European Central Bank (ECB) president Wim Duisenberg says he sees no signs that euro area companies' exports will rise again soon, justifying the bank's decision to cut interest rates.
      Bloomberg  -  439 words
    • Article
      Lock icon German industry leader says 2% growth target won't be met
      360 12 BONN Falling exports, poor investment and consumption cited Bloomberg THE German economy won't achieve the government's growth forecast of 2 per cent in 1999 because of falling export growth, stagnating capital goods investment and weak private consumption, said Hans-Olaf Henkel,
      Bloomberg  -  360 words
    • Article, Illustration
      Lock icon New seat of power
      47 12 [BERLIN] Parliamentarians and guests of honour listening to a speech yesterday by the President of the German Parliament Wolfgang Thierse during the official opening of the historic building as the new seat of the German Parliament following four years of renovation work. AFP
      AFP  -  47 words
    • WORLD Watch
      • Article
        Lock icon Clean up bank system, Russia told
        138 12 Reuters [LONDON] The head of the European Bank for Reconstruction and Development (EBRD) yesterday called on Russia to clean up a banking system scarred by corruption and the abuse of investors' rights. EBRD president Horst Koehler said Russia's "slow, uneven and flawed" progress on
        Reuters  -  138 words
      • Article
        Lock icon Current account deficits seen for UK
        110 12 Reuters [LONDON] Britain's current account will swing into deficit this year and next, dragged down by the country's persistent economic headache, a poor trade performance, according to a Reuters poll of economists. The balance of payments will also lose the surprise prop which kept
        Reuters  -  110 words
  • Page 12 Advertisements
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      151 12 I Rutgers' Executive MBA A Twenty-First-Century Model of Graduate Management Education I An Invitation Dave Evers, Int'l Programs Coordinator, Rutgers University I Ellen Cangl, Dean, Center for American Education Date: 22 April 1999, Ttaur Time: 7.00pm Venue: Room 02 05 Bestway Bldg I __K*Mrf»YowtMt,Uhphon» 223 4566 or Fax 223 4333
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      13 12 REQUIRED Send quotation with details FAX -091-22-*****81 EMAIL MEHTACO@BOM3.VSNL.NET.IN MUMBAI, INDIA, NARENDRA MEHTA
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  • EDITORIAL & OPINION
    • Article, Illustration
      EU's new chief has plenty on his plate
      860 13  -  BOTTOM LZHE OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT ROMANO Prodi is the European Union's new man for ail seasons. He will take over as European Commission president in autumn this year, but already his
      860 words
    • Article
      IN OTHER WORDS
      83 13 'I love Internet euphoria, but I also want to live in reality. The Internet will take its place alongside storefront retailing, and catalogues and television selling and direct mail.' J(mlH K Jerroid Kaplan Onsale Inc chief executive, on thefuture of traditional store retailing. The market is loony.
      83 words
    • Article
      Fresh start for India?
      548 13 EDITORIAL EVEN if India's disparate opposition parties can stitch together a coalition in the next few days, there is no certainty that whoever emerges to head India's new government will be able to survive the remainder of the current five-year term The countiy is much better
      548 words
    • Article, Illustration
      Lock icon Real online action is in big business
      1196 13  -  Amazon.com makes the headlines bat the big backs are in Net transactions By. Bob Tedeschi NYT EACH month, Patricia Ruszkay, a purchasing agent for BOC Gases, distributor of industrial gases with US headquarters in Murray Hill, New Jersey, logs on to the Internet,
      NYT; FILE PHOTO  -  1,196 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      991 13 Victims of Indonesian unrest WITH unrest continuing to fester in several areas in Indonesia East Timor, West Kalimantan and Maluku come to mind the authorities seem to be having difficulty keeping track of the refugees forced to flee troubled areas. To mention an example, some field
      991 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Still serving Happy Meals in sad times
      641 14 FOOD McDonald's reopens in Belgrade, complete with more Serbian flavour LAT-WP [BELGRADE] It's not every McDonald's that features Serbian folk music, a target symbol in its advertising and a bomb shelter. But then, selling American fast food while Nato war planes loom overhead
      LAT-WP; AFP  -  641 words
    • Article, Illustration
      Lock icon Family car drives latest Picasso feud
      1001 14  -  Claude Picasso's agreement to allow his famous father's name to be used on a new car collides with his niece's ideals, al&m riding reports ALAN RIDING NYT THE great artist Pablo Picasso was not, In his later years, a great father to his four
      NYT  -  1,001 words
    • Article, Illustration
      Lock icon Extra hole a dream for Day
      496 15 GOLF Golfer moves up to No 17 in American Ryder Cup standings Reuters [HILTON HEAD ISLAND, South Carolina] Glen Day had always been told that he would win when he least expected it. And so it turned out on Sunday as he birdied the
      Reuters; FILE PHOTO  -  496 words
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      2058 14 I DDD BBR HOLDINGS (S) LTD 1 I (Incorporated in the Republic of Singapore) 1 NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual Ganaral Meeting ot BBR Holdings (S) Ltd will bo hold on May 17. 1999 at 10.00 a m at Board Room I
      2,058 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      616 15 Where to wine, dine and rrSStiil Wm^ s Secretaries' Week 19 to 23 April The Plaza Parkroyal of course! Check out these great offers, a tribute to all secretaries during the month of April Gub 5 two Secretaries only learn ballroom dancing free of charge every Tue, Thur fli Sat
      616 words
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      Page 15 Advertisements Column 2
      111 15 RALIANW (JRMET WlN£ ADVENTURE 1-30 April 1999 Secretaries' mSlm I Week Special j *r3kT Featunnga specialty ,'V 3b H choreographed fashion show ;/ln|9Hk I from Australia H j. 19 23 A P ri| 1999 H 12noon 2.30pm Mandarin Ballroom, $46 nett per person Reservations: Y,| M ftiyjury dm 333 Orchard
      111 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1152 15 CRYPTIC CROSSWORD 1 Impressive sum forming the aggregate M JM 6 Cambridgeshire saint exists 5 without money (4) 9... money man is leaving (5) M 10 Western filmed at the junction?(9) 12 I 12 Round moat, round and airy! h hJ (13) 14 Proportion before the end could be shared
      1,152 words
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  • Page 16 Advertisements
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      360 16 RHONE-POULENC ANIMAL NUTRITION ASIA PACIFIC PTE LTD mf/Kr Leading Standards in Animal Nutrition BHfIKQf Rhone-Poulenc Animal Nutrition's New Regional Operations Centre, a highly automated and fully Integrated hub, housing the company's headquarters for ■P* "»'S new comprehensive facility includes I I r^p' y high tech quality laboratories, state-of-the- I F
      360 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KepFels sees SPC turnaround
      628 17  -  KepFels upbeat doe to Asia revival and present high demand for jet fuel By* Conrad Raj [SINGAPORE] Singapore Petroleum Company (SPC), in which the Keppel group recently bought a 24.5 per cent stake, is expected to return to the black this year due partly to the
      CHRIS LOH  -  628 words
    • Article
      Wing Tai raises $100m through issue of placement shares
      578 17  -  And retailer Ossia will issue 20.9 m shares for $4 Jm R>jA Ang Wan May, Rahita Elias [SINGAPORE] Wing Tai Holdings yesterday raised about $100 million through placement shares while Ossia International is placing out shares to raise $4.1 million. Some
      578 words
    • Article, Illustration
      Former Sara Lee director joins YHS
      544 17  -  By\ Lilian Ang [SINGAPORE] Diversified softdrinks group YHS Limited has appointed Donald Gadsden, a former director with Sara Lee Corporation, as its executive director, and president of its food and beverage division. Mr Gadsden, who will also sit on the YHS board, is to
      544 words
    • Article, Illustration
      Lock icon Colex wastes no time in debut to more than treble in price
      318 17  -  12-cent IPO shares opened at 24.5 cents, hit a high of 41 cents By. David Boey [SINGAPORE] Waste-man-agement company Colex Holdings, the year's cheapest initial public offer, made impressive gains on its Sesdaq debut yesterday and topped the
      Source: Bloomberg  -  318 words
    • Article
      Kotjo claims he's too sick to attend court hearings
      292 17  -  By i Conrad Raj [SINGAPORE] The High Court case involving Johannes Kotjo, once the darling of Singapore share punters, has taken another twist, with him claiming that he was too sick to make an appearance at yesterday's hearings on his tussle
      292 words
    • COMPANIES
      • Article
        Lock icon KL official defends Renong debt restructuring plan
        323 18 Creditors are being paid, minorities taken care of: chief of revamp agency Reuters [KUALA LUMPUR] The head of Malaysia's debt restructuring agency yesterday defended a plan to restructure Renong Bhd's debt and urged critics to come forward. Corporate Debt Restructuring Committee (CDRC) chairman
        Reuters  -  323 words
      • Article
        Lock icon KLSE raps MB£ fines three other firms for poor disclosures
        194 18 Bloomberg [KUALA LUMPUR] MBf Holdings and four other Malaysian companies were rapped by the Kuala Lumpur Stock Exchange for offences that were committed as far back as 1996. The KLSE scolded MBf Holdings for failing to "make an immediate announcement"
        Bloomberg  -  194 words
      • Article, Illustration
        Lock icon AAPT rejects A$1.5b C&W Optus bid
        401 18 AAPT chairman says offer ignores firm's growth potential Bloomberg Reuters [SYDNEY] AAPT Ltd, Australia's third-ranked telecommunications company, rejected the Asl.s billion (Ssl.6 billion) takeover bid by Cable Wireless Optus, saying it was unwelcome and inadequate. The takeover bid was triggered after Singapore Telecom sold
        Bloomberg; Reuters; FILE PHOTO  -  401 words
      • Article
        Lock icon China Telecom in Fujian deal: report
        160 18 AFP [HONGKONG] The Hong-kong-listed unit of China Telecom, China's largest telecoms provider, is expected to acquire mobile phone operations in Fujian province for HK$2O billion (554.4 billion), a report said yesterday. China Telecom (Hongkong) Ltd will acquire the operations in the eastern coastal province
        AFP  -  160 words
      • Article
        Lock icon Ayala denies reports of Globe-Islacom deal, says talks in early stages
        244 18 Reuters [MANILA] Holding company Ayala Corp yesterday denied newspaper reports that its telecommunications unit Globe Telecom is ready to acquire unlisted cellular phone firm Isla Communications Inc. "That's all speculation I don't think we've reached that stage," Rufino Luis
        Reuters  -  244 words
      • Article, Illustration
        Lock icon Brierley worth more dead than alive: observers
        692 18 Liquidation value put at 60 NZ cents, against share price of 49 NZ cents AFP [AUCKLAND] One-time corporate raider Brierley Investments Ltd (BIL) has become the butt of a joke in New Zealand financial circles. How do you start a small business? Start
        AFP; FILE PHOTO  -  692 words
      • Article
        Lock icon Clearing house membership may grow
        142 18 Reuters, Bernama [KUALA LUMPUR] The Kuala Lumpur Stock Exchange may expand its clearing house membership to include locally-incorporated custodian banks and institutional investors. KLSE executive chairman Mohamad Azlan Hashim said it's talking to banks and investors on formulating admission criteria and mechanism. "We recognise that
        Reuters,; Bernama  -  142 words
      • Article
        Lock icon SingTel's international traffic up 23% in March
        176 18 Bloomberg [SINGAPORE] Singapore Telecommunications Ltd said its international outgoing call traffic surged 23 per cent in March from February to its highest level since January 1998 when it started tracking the calls by minutes. The number of out-going international calls was 74.52 million
        Bloomberg  -  176 words
      • Article
        AFP sells stake in China power plant for US$24m
        217 18 [SINGAPORE] Asia Food Properties Ltd (AFP) has sold its entire stake in a Chinese power plant for US$24.l million ($4l mUlion). The sale was made through KastiUe Pte Ltd, which is 51 per cent owned by AFP subsidiary AFP Land, formerly
        217 words
      • COMPANY Briefs
        • Article
          New Toyo to form Hanoi subsidiary
          49 18 [SINGAPORE] New Toyo International will form a new subsidiary in Hanoi with an investment of $5.5 million. The subsidiary will be named New Asia Industries and will serve the north Vietnam market. No material impact on New Toyo's results for 1999 is expected.
          49 words
        • Article
          Lock icon CAHB submits merger plans
          43 18 Bernama [KUALA LUMPUR] Commerce Asset Holding Bhd (CAHB) on Friday submitted to the Securities Commission its proposed composite scheme of merger between Bank of Commerce and Bank Bumiputra Malaysia, said Commerce International Merchant Bankers on behalf of CAHB. Bernama
          Bernama  -  43 words
        • Article
          HBM Print completes sale of Aussie unit
          50 18 [SINGAPORE] Sesdaq-listed HBM Print has completed the sale of its Australian subsidiary, HBM Print Pty Ltd. It sold its stake of 1.4 million shares and 390,000 redeemable shares for A 11.55 million. This was lower than the original As 2 million agreed earlier.
          50 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Deutsche Telekom eyeing acquisition of Sprint: report
        444 19 This follows confirmation of merger talks with Telecom Italia < AFP, FT [HAMBURG! Deutsche Telekom, which on Sunday confirmed it is negotiating with Telecom Italia on a possible merger, has also sent feelers out to see if Sprint Corp of the United States
        AFP,; FT  -  444 words
      • Article
        Lock icon Troubles seen in Europe bourse tie-up
        147 19 Reuters [LONDON] Senior figures acquainted with plans to link the London and Frankfurt stock exchanges say the alliance has run into difficulties, Britain's Daily Telegraph reported yesterday. They were quoted as saying serious obstacles included who should control the new venture and which trading
        Reuters  -  147 words
      • Article
        Lock icon Columbia makes US$6.7b bid for gas firm
        391 19 It tops Dominion's US$(L3b offer for Consolidated Reuters [NEW YORK] Columbia Energy Group offered to buy Consolidated Natural Gas Co (CNG) for US$7O a share, or about US$6.7 billion (5511.4 billion) on Sunday, in an attempt to wrest the Pitts-burgh-based gas producer from
        Reuters  -  391 words
      • COMPANY Briefs
        • Article
          Lock icon BellSouth taking 10% stake in Qwest
          122 19 Bloomberg [ATLANTA] Bell South Corp, the No 4 US local phone company, said it's taking a 10 per cent stake in long-distance provider Qwest Communications International for about US$3.5 billion (555.9 billion) in cash, or U5594.50 a share. TTwrt's a 15 per cent premium
          Bloomberg  -  122 words
        • Article
          Lock icon UK retailer Asda up on speculation
          93 19 Bloomberg [LONDON! UK food retailer Asda Group'8 shares gained on speculation the world's No 1 retailer, Wal-Mart Stores, will make a rival bid to Kingfisher pic's £5.8 billion (SS15.8 billion) offer for the UK's third largest supermarket chain. UK newspapers such as the Observer
          Bloomberg  -  93 words
        • Article
          Lock icon STMicro Q1 profit rises 16.5%
          76 19 Bloomberg [PARIS] STMicroelectronics, Europe's second biggest semiconductor maker, said first-quarter profit rose 16.5 per cent, topping published estimates, as demand for chips used in mobile phones and cars grew. The company earned US$lO5.l million (SIIBO.B million), or 72 cents a diluted share, up from US$9O.2
          Bloomberg  -  76 words
        • Article
          Lock icon SHK, Henderson Land in herbal venture
          83 19 AFX-Asia [HONGKONG] Sun Hung Kai Properties, Henderson Land Development, and a red chip company plan to invest billions of HK dollars on Chinese herbal medicines as the government seeks to build Hongkong as a herbal medicine centre, the Hong Kong Economic Journal reported. It
          AFX-Asia  -  83 words
      • Article
        Lock icon Hyundai narrows gap by raising offer for LG unit
        361 19 No deal yet bnt analysts say talks may completed by April 26 Bloomberg [SEOUL] Hyundai Group and LG Group moved closer to a pact that would create one of the world's largest memory chip makers, though they are still about 1.2
        Bloomberg  -  361 words
      • Article, Illustration
        Lock icon Compaq drops CEO in surprise boardroom coup
        541 19 CFO quits; chairman says Internet opportunity for Compaq is incredible NYT, Bloomberg [NEW YORK] The Compaq Computer Corp, the world's largest personal computer maker, ousted its president and chief executive, Eckhard Pfeiffer, on Sunday in a dramatic boardroom coup that reflects just how
        NYT,; Bloomberg; FILE PHOTO  -  541 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon BankAmerica profit pulled down by fall in investment banking
        281 20 Bloomberg [CHARLOTTE, North Carolina] Bank America Corp, the nation's biggest bank, said first-quarter profit feU 3 per cent, hurt by lower margins on loans and a decline in investment banking revenue. In its third quarterly earnings report since the merger of
        Bloomberg  -  281 words
      • Article
        Lock icon Aussie insurers Mercantile Mutual, QBE in tie-up
        231 20 Venture will manage Asl.27b in general insurance Bloomberg, Reuters [MELBOURNE] QBE Insurance Group Ltd, one of Australia's top five insurance companies, said it will form a joint venture with Mercantile Mutual Insurance (Australia) Ltd, to manage A 51.27 billion (Ssl.4 billion) in general
        Bloomberg,; Reuters  -  231 words
      • Article
        Lock icon Citigroup earnings hit record US$2.4b in Ql, up 9%
        374 20 Salomon Smith Barney also posts record profit of USs64Bm, np 46% Reuters [NEW YORK] Citigroup Inc, the largest US financial services firm, yesterday said its first-quarter net income rose 9 per cent to a record U552.36 billion (Ss4 billion), driven by
        Reuters  -  374 words
      • Article, Illustration
        Lock icon Getting tight-fisted with credit
        73 20 [BEIJING] W orkerson Saturday hanging a giant vinyl advertisement for one of China's state-owned commercial banks in downtown Beijing China, s banks significantly tightened credit to state-owned enterprises in the aftermath of the Asian financial crisis, which choked off liquidity for many of the companies and
        AFP  -  73 words
      • Article
        Lock icon UK's MLM denies it was negligent
        371 20 The fund manager admits it made poor investment decisions FT [LONDON] Merrill Lynch Mercury, the UK's largest pension fund manager, has denied charges it was negligent in managing some clients' funds, but admitted it made some poor investment decisions. Its defence comes as some
        FT  -  371 words
      • Article
        Lock icon South Korean hanks bounce back to 1st-qtr profit
        326 20 Bloomberg [SEOUL] South Korean banks returned to profit in the first quarter, from record losses in the same period last year, reflecting a turnaround in the nation's economy and a push by the government to close money-losing lenders. All but five of
        Bloomberg  -  326 words
      • SMALL Change
        • Article
          Lock icon UBS arm loses £600m bond contract
          79 20 Reuters [LONDON] The Financial Times yesterday «ayi Hint Phillips Drew, the fund manager owned by ÜBS AG, had lost a £600 million (551.63 billion) contract to manago bonds for Britain's Marks and Spencer pension ftind. "The £3 billion M&S pension fund took the decision
          Reuters  -  79 words
        • Article
          Lock icon Paribas pact won't affect BNP bid: Axa
          70 20 Reuters [PARIS] Frenfch insurer Axa yesterday said it did not think a shareholder pact with Paribas would affect an offer by bank BNP to buy its rivals Paribas and Societe Generate. French newspapers had reported at the weekend that the 1989 agreement to
          Reuters  -  70 words
        • Article
          Lock icon Sanyo buys brokerage
          62 20 AFP [TOKYO] Japan's Sanyo Electric Co Ltd yesterday said it had entered the securities business by taking over a brokerage firm affiliated with the collapsed Yamalchi Securities Co Ltd. The major consumer electronics maker bought a 55 per cent stake in Yamagen Securities Co Ltd from Yamaichi
          AFP  -  62 words
        • Article
          Lock icon Lloyd's £350m central fund insured
          69 20 Reuters [LONDON] British insurance market Lloyd's of London yesterday said it had signed a five-year agreement with six insurers that will insure Lloyd's central fund for £350 million (***** million). The agreement would increase the strength of the fund to more than £800 mill tow
          Reuters  -  69 words
      • Article
        Index hits new peak, helped by rate-cut talk
        226 21  -  Min n\Reports MSCI Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index had another stellar day yesterday. The index has now more than doubled from the levels at which the index was trading when it was first listed on Simex. The
        226 words
      • Article
        Futures get boost from high-tech stocks
        158 21  -  MS& Taiwan fixtures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose yesterday amid optimism that the island's high-technology shares will lead the index higher. The Taiex rose to a ninemonth high of 7,623.18 and is expected to reach the 8,000
        158 words
      • Article
        Lock icon Oil prices hit 13-month highs, seen rising further on Opec curbs
        301 21 ENERGY REPORT Reuters [LONDON] Oil prices made new highs yesterday after establishing a 12-month peak on Friday and analysts said more gains were in prospect as the full impact of Opec supply curbs was felt. Bellwether UK Brent blend
        Reuters  -  301 words
      • Article
        Lock icon CURRENCY REPORT
        289 21 Reuters London FRESH attacks on Europe's new single currency pushed it to lifetime lows against the dollar and sterling yesterday as traders braced themselves for a prolonged conflict in the Balkans. "The euro is under pressure because of the ongoing crisis in Yugoslavia and lack of supportive comment
        Reuters  -  289 words
      • Article, Illustration
        Untitled
        1211 21 MTERBAKK CROSS RATBS Apr 19 c$ >Wb EMro Ffr ■>" HK$ tod Ri Eupnh Yew Won M M2S f* Bi Peso S$ Band Sfr «T$ 8atrt Pwd W SSf 1042 0 960 5 610 iSS m 5S2 "778 55.865 0.766 7.807 2.465 1.185 32.867 24.623 1.106 3.949 0.974 ***** 24.2T7
        1,211 words
      • Article
        Untitled
        1828 21 SICOM FUTURES April 8US8CR (Msm dostaq as at SJOpa) ISS1 caofeAo) Clou Vohmo Opon HJgj| U"» Sott (towntt) Iwtorost toy99 ***** BO 275 Jun 99 ***** 250 M 99 104.25 700 Aug 99 106.00 200 S«P99 108.00 200 Oct/Doc 99 110.00 150 675 RSS 3 CONTRACT (US cants/kg) Volumo Opofl
        1,828 words
    • Article
      WORLD STOCK MARKETS
      2234 22 tMNR mmmi&t hrivlfMi M 34 Croup 6.94 an AS Foods 4.44 0.17 A B Ports 2.80 -0.05 Allied Domeca 5.03 0.05 Ailed Zurich 8.13 -0.05 Anglo American Gold 4U0 -0.10 nnierai T m -0.05 Bank of Scotland 9.28 0.H IHi 19.42 0.44 8MS 8.75 0.01 86 3.45
      2,234 words
    • Article, Illustration
      Lock icon HONGKONG
      1337 22 AFP W Hang Sernt +276J4 HONGKONG share prices rose 2.2 per cent yesterday on follow-through buying by foreign investors on the back of a fifth straight record close on Wall Street, dealers said. "It is the result of a continuation of overseas money coming into Hongkong markets," said Howard
      AFP  -  1,337 words
    • Article, Illustration
      Lock icon CHINA
      516 22 Reuters n Shenzhen B Index -L5l SHENZHEN'S B shares closed sharply lower yesterday after a string of poor 1998 earnings reports published over the weekend hurt market sentiment, analysts said. The B share index fell 1.51 points, or 2.49 per ceht, to 58.79 on turnover of HK$3B.9 million, well
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  516 words
    • Article
      Lock icon TAIPEI
      296 22 AFP Owpindg +4188 TAIWAN share prices closed 0.5 percent higher yesterday as investors switched buying interest to low-priced stocks, dealers said. "Profit-taking is emerging in the technology sector, but the market remains bullish because investors are turning to low-priced shares like paper and food," said Jackie Tien, manager of
      AFP  -  296 words
    • Article
      Lock icon TOKYO
      1616 22 AFP P Nikkei 225 -***** SHARE prices in Tokyo closed 1.1 per cent lower yesterday as investors sold blue-chip and high-tech issues following a weak finish on the Nasdaq last week, brokers said. "Following the Nasdaq's fall, individual investors started selling electronics and hightech issues to buy steel, paper
      AFP  -  1,616 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8954 23 Transaction date :Aprl9 MOUSTWtALS Consumer products 1999 List Vol Oay Net Cap High Law Company Sala 'OOO High La* P/C Jmll 310 255 Ajinomoto 290 unch 3 290 290 16.0 117.5 83 46 Angkasa 70 3 62 74 69 103.2 283 220 Apollo Food Hlg 260 20 5 260 258
        8,954 words
      • Article, Illustration
        Lock icon Index crosses 600 on institutional buying
        431 23 AFP, AFX-Asia PI Composite Index +16.01 MALAYSIA'S key share index closed 2.7 per cent higher yesterday in heavy trade on institutional buying, breaching the key 600-point level, dealers said. The KLSE Composite Index finished at 615.42 points, up 16.01 points from Friday's close, but
        AFP,; AFX-Asia  -  431 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        SNP wrt: low absolute price in its favour
        220 24  -  WARRANT WATCH -Byl R Sivanithy IT used to be that valuations meant something. But when the market is worked up as it is now, things like gearing, premiums and volatility can mean nothing while absolute price is all-im-portant. Bearing this in mind,
        220 words
      • Article
        Untitled
        2204 24 BONOS, LOANS WARRANTS Mtah 52 "l.. stno v«» Day Last Ouata a!!) T! Comp«iy S«4« *of- COOOI High Law Buyar Sallar Prtca 27 4 5 s 31*4 Acma r r01OT74 USS 155 *"*•> 559 j&5 15 15.5 5 2,12 26 5 24 24 It! 24 13.5 3 > 3052 AFP
        2,204 words
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        CLOB INTERNATIONAL
        217 24 Gt Qr S2 wk H* V* Day Lnt Ooot. CM* ON YM Hat M Cm High Low Stno Company U* rOOOl Hl» L— fr/yr S—r CV W 5m< 235 173 5123 COL (2000) MK 230 cd »5 22 230 230 227.5 8 2.4 3.5 ti e ***** 5124
        217 words
      • Article
        Lock icon WELLINGTON
        306 24 AFP Q Wellington +7J3 NEW Zealand share prices rose 0.3 per cent yesterday on solid turnover as demand for forestry and paper stocks offset selling in Telecom Corp, dealers said. The NZSE-40 Capital Index closed up 7.03 points at 2,212.81 on turnover of NZ$l27 million. Telecom fell 18 cents
        AFP  -  306 words
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        Lock icon BANGKOK
        888 24 AFP H SET Index jjj THAI shares powered ahead yesterday with the main stock index closing up 2.4 per cent on strong overseas buying, dealers said. Dealers said gains were capped by profit-taking throughout the day but buyers betting on a regional recovery still outweighed sellers. Gains in chemical,
        AFP  -  888 words
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        Lock icon SEOUL
        407 24 AFP fl Composite Index +4L45 SOUTH Korean shares surged 5.7 per cent yesterday amid brisk buying by foreigners and -institutions, dealers said. Sentiment was boosted by the Daewoo Group's plan for sweeping down-sizing, dealers said. The Korea Stock Exchange Composite Index closed up 41.45 points at 766.59. Volume was
        AFP  -  407 words
      • Article
        Lock icon SYDNEY
        653 24 AFP F1 All Ordinaries *IX3 AUSTRALIAN share prices closed up 0.4 per cent yesterday as gains in resource stocks underpinned its record run, brokers said. The All Ordinaries Index closed up 13.3 points at 3,113.1. The All Resources Index added 28.1 points to 1,215.3 while the All Industrials Index
        AFP  -  653 words
      • Article, Illustration
        Lock icon JAKARTA
        725 24 AFP f% Composite Index +28J2 INDONESIAN share prices closed 6 per cent higher yesterday, with the benchmark surging through the critical 500-point mark on an inflow of foreign funds, brokers said. Profit-taking in large caps late in the day capped the surge, they said. A dealer with a leading
        AFP  -  725 words
      • Article
        Lock icon MANILA
        288 24 AFP F1 Manila -*-***** SHARE prices surged 5.5 per cent yesterday to their highest level in 20 months on expectations the economy had rebounded from a recession. The Composite Index rose 122.34 points to 2,355.98. A total of 1.77 billion shares worth 4.4 billion pesos changed hands, up from
        AFP  -  288 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7090 25 Transaction date Apr 19 Or Cr M Wt 52-Wk Lilt Vol Day Last Ouota Wv Wv YM MJ Caj Avj Mtgh Low StNo Company Sat* COOOI High Law Buyar Sallar C'vf */t Prtc MHLTHMBUSTRY 125 17.5 m b 1000 Acma 50t 91 cd *0.5
      7,090 words
    • Article
      SESDAQ
      1401 25 fir fir M Wt 52-Wk Lot Vol 0*y Last Ouoto Wv Olv VM Net Cap Avg HMfc L— «tw Ciw»M»r W COOP) >t> "TO »—«r P»r M Ertw MANUFACTURING 193 30 c 2049 *ASAu(kl0c W) unch 2S20 "6 109 109 WO 15 N 7 14 10.4 125.6 109 79.5
      1,401 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        396 26 Stocks Volume Colex Hldgs 10c 52.525,000 UIC 44,779,000 SingTel 15c 34,303.000 STEnggJOc 31.543,000 Hotel Prop 26,392.000 Liang Hut 10c 25.826.000 ThakrallOc 25,729,000 Kim Eng 25c 23,483,000 SembCorpI 25c 22,736,000 Wing Tai 25c 22,165,000 Stacks •> DBS Foreign 145,694,405 City Oev 50c 114,736,027 SingTel 15c 98,560,809 SPH 81,286,147 OCBC Foreign 76,038,514
        396 words
      • Article, Illustration
        Volume hits $1.87b, beating highs of super-bull days
        656 26  -  STOCK MARKET COMMENTARY STI soars 72 points in turbo-charged session; European funds too jump on Asian bandwagon By R Sivanithy THERE was no let-up in the frenzied buying of local stocks as the reweighting of the local market by foreign funds continued
        656 words
      • ON THE GRAPEVINE
        • Article
          What's brewing at SingTel?
          131 26 IS Singapore Telecommunications about to launch a share buy-back soon, or perhaps announce something equally uplifting for its share price? The counter hit an intra-day high of $3.02 yesterday in heavy trading. The last time the share went beyond $3 was on March 25,1998. Then again,
          131 words
        • Article
          A case of vertigo
          79 26 INDONESIAN businessman Johannes Kotjo said he is suffering from vertigo and cannot travel to Singapore to appear in a court case In which Edwin SoeryadJaya Is suing him for more than $8 million. Hearing this, one observer quipped: "He must have been looking down at his
          79 words
        • Article
          Foreign talent
          66 26 PFIZER, the U8 healthcare company, has launched a toll-free automated info-line offering Information on erectile dysfunction, commonly known as impotence. In a press statement, it made a startling statement. It said that up to 52 per cent of Asian men aged between 40 and 70 are affected by
          66 words
        • Article
          Head-hunting
          96 26 TALK of foreign talent brings to mind the brain drain problem. In case you are wondering where the brains end up, we may have found the answer. In the April It edition of the New Scientist, the Imperial College of Science, Technology Medicine in London revealed in an advertisement
          96 words
        • Article
          Hard cash and cold scenes
          82 26 A REGULAR customer of Shangri-La Hotel was hit by a double-whammy. first she found that she had to pay carpark fees under a new arrangement introduced alter the hotel's 105 million renovation. Then at a tea buffet, the scones served were cold and hard. Asked
          82 words
      • Article, Illustration
        HOT STOCK
        63 26  -  By Wong Wei Kong UNITED Industrial Corp closed up $0,065 yesterday at $0.99 on a volume of 45 million shares, compared with its 10-day traded average of 9.6 million units. The daily and weekly RSI, Stochastics and MACD charts indicate that the stock is in overbought territory and
        63 words
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      46 17 No. 1 best selling club in Japan. "I ,n 9 Will Ever Be The Same A 9 mmrnmrnm NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. i~~ ■>«-. -> v «w x*-~iZ'\ ***z- t Mr I Flex available: M I R l' R2 and 52
      46 words
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      188 19 Singapore will again play host to IMDEX ASIA at Above below water Platforms the World Trade Centre from 4-7 May 1999. Simulation Training Sonar Sensors This exhibition conference will showcase the Information Systems latest thinking and technologies in maritime defence. Underwater environment A formidable flotilla of warships from the world's
      188 words
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      591 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 i— \Sfe7SING INVESTMENTS FINANCE LIMITED (Incorporated in tha Republic of Singepore) NOTICE OF ANNUAL GENERAL MEETING To All Shareholders NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sing Investments Finance Limited will be held at 96 Robinson
      591 words
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      Page 20 Advertisements Column 2
      373 20 THE COMPANIES ACT, CHAPTER 54) Section 290(2Mb) NOTICE OF RESOLUTION JARDINE FLEMING MANAGEMENT SERVICES (SINGAPORE) PTE LIMITED (In Members' Voluntary Liquidation) Al an hxtraordinary General Meeting of Jardine Heming Management Services (Singapore) Pie Limited held at 9 Raffles Place. #43-02. Republic Plata. Singapore *****9 on the 13th day of April
      373 words
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      Page 20 Advertisements Column 3
      95 20 p TODAY 1 lianhe Zaoban —i Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive
      95 words
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      5 23 Excellence /.V NEVER an ACCIDENT
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      Page 23 Advertisements Column 2
      106 23 NOTICE IS HEREBY GIVEN that, I TAN CHIN SENG IVAN of Blk 11 Holland Drive #12-28 S'pore *****1, have applied for a Public House First Class Licence in respect of M/s Singapore Chinese Boxing Fellowship located at 325 New Bridge Road S'pore *****0 and that this application will be considered
      106 words
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      116 24 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, LIM SOI TEE of Blk 665, Yishun Ave 4, #06-187 Singapore *****5, have applied for a Second Class Public House Licence in respect of M/s Premier Thai Traditions Restaurant Pte Ltd located at No. 20, Eastwood Road #01-03 Eastwood Centre Singapore
      116 words
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      Page 24 Advertisements Column 2
      100 24 NOTICE IS HEREBY GIVEN that I, LETCHUMY D/O PITCHAI of 26A South Bona Vista Road Singapore *****8, have applied for a Retail Liquor Shop Licence in respect of M/s Begonia Supermarket located at 22 Begonia Road Singapore *****0, and that this application will be considered by the Liquors Licensing Board
      100 words
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      Page 24 Advertisements Column 3
      114 24 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I. SIEW LEE JIN of 11, Elias Green #07-06 Singapore *****4, have applied for a Second Class Public House Licence in respect of M/s Premier Thai Traditions Restaurant Pte Ltd located at 54 Sembawang Road, #01-01 Hong Heng Mansions Singapore *****8, and
      114 words
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      Page 24 Advertisements Column 4
      107 24 NOTICE IS HEREBY GIVEN that I.GOH LEE MENG of Apt Blk 220 Ang Mo Kio Ave 1 Singapore *****0, have applied for a 1st Class Beer House Licence in respect of M/s River View Eating House located at No. 2 Upper Circular Rd Singapore *****1, and that this application will
      107 words
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      38 25 MjL sngapura Bjjj* BU,LD,NGSOC,ETYLTD ftl w« wH! finance Mm Mo Kle Tel: 458 wzzimz jm| Bill Tel: 2«2 1459/1 810 »Irtlt HI: 445 8011/8255 B«Wt llßlli HI: 487 1118/HlB Ellt CllSt l»l: 348 8262/8283 tenijan Tel: 289 8800/886S
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      Page 26 Advertisements Column 1
      1687 26 Toothache? See your dentist. Investment advice? You need DBS investor Online. Get the Best. Cal 438-1188 today SIXttBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that, I, CHAI YEOW SIONG STEVEN of Blk 257 Bishan Street 22 #02-343, Singapore *****7, have applied
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      Page 26 Advertisements Column 2
      283 26 IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF LUGGAGE DISTRIBUTORS PRIVATE LIMITED (IN LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap SO that the Final Meeting of the Members of the abovenamed Company will
      283 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      321 27 Bridge News Reuters RATES continued to firm for prompt-early May loaders firom east coast South America, but again caution tempered optimism. Most brokers were unwilling to commit themselves as to how long this strength in the market would last. They continued to look for a rise in rates
      Bridge News; Reuters  -  321 words
    • Article
      MARITIME STOCKS
      283 27 mmmmammm *E» *h tti CWT Distribution—ft74 unch 777 Chuan Hup 0.85 0.02 940 Cosco Invastmont —0.63 -0.01 236 FrataM LM< 0.26 -0.01 ***** GB Holdings 0.50 0.01 550 Hal Sun Hup 0.61 0.04 5*86 IMC Hotdlnga-HK 5.60 unch 0 Jaya HeWne* 0.62 -a 01 1193 Jurona Shipyard 7
      283 words
    • Article
      Cargo on US-Asia trans-Pacific trade picking up
      448 27  -  3-3% growth in container volumes for Jan-Feb led by S Korea, Thailand Reports by] Marcus Hand [SINGAPORE] The inbound US to Asia trans-Pacific trade is showing signs of picking up, with a modest 3.3 per cent growth in container volumes for the first
      448 words
    • Article
      More trans-Pacific services launched
      268 27 [SINGAPORE] As volumes surge on the trans-Pacific, Evergreen and Compagnie Maritime d'Affretement (CMA) have become the latest companies to add new services on the route. Taiwanese giant Evergreen is adding a fifth weekly loop as part of a restructuring of its trans-Pacific services. Under its new
      268 words
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      Lock icon Daewoo to sell shipbuilding division to Japanese rivals
      441 27  -  By] Felix Chan [SEOUL] South Korea's Daewoo Group stunned the industry yesterday when it announced plans to sell its prized shipbuilding unit to Japanese rivals as part of a sweeping business plan to revive its sagging fortunes. Through the sale, which includes
      FILE PHOTO  -  441 words
    • Article, Illustration
      Lock icon Business jet venture takes off
      777 28 US-TAIWAN AVIATION Given the obstacles, Sino-Swearingen is making a reasonable start, with 140 planes already pre-sold Bloomberg [TAIPEI] Taiwan, known for its chips and computers, hopes to deliver a new product to world markets in 2001: a business jet built with US help. Unlike Indonesia
      Bloomberg; FILE PHOTO  -  777 words
    • Article
      SHIPPING SCHEDULES INDEX
      223 28 PACE ECl 5 ACL 6 Evergreen 6 ANL 3 FoongSun 8 II Accord 8 G Link 4 Appenship s Gemartrans 6 Austral 8 Hangli 7 Balaji Shpg 4 Hanjin 3 BSA 7 Heung-A 4 B'tang Mas 8 Hyundai 7 CCNI 7 ICFS 3 CMA 8 Interasia 7
      223 words
    • Article
      SHIPPING GUIDE
      18552 35 thebusinesstimes EXPORT \Ju Adv*rtlMr ViiMl Voyag* Tttepfton* I ETA ETA AdvcrttMf VMM Voy*9« TMptoft* I £TA CTA A4v«ft1«*r Vnut Voyagt T«*pfton* I ETA ETA Advtrttur Vhw u I ETA ETA Advertiser Vassal Voyaga Talaphona ETA ETA AUvarttw VMM Voyaga Talaphona SIN Dasfn N*m# Nam. NumBar Numear SiN Dasfn
      18,552 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        727 39 Vessel Voy No Berth Arrival Departure MM larunag *****9 alongside 22.04/1200 Aurora Ace 4 J04 alongside 19 04/1500 Beto Orient* 038 J08 alongside 23 04/0900 Bt Hand! Jay *****9 J01 alongside 20.04/0100 8t Mm Gt6 $7 *****9 JOI alongside 20.04/0100 Bt Sur Hi *****9 JOI alongside 20.04/0115 C
        727 words
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        CONTAINER SCHEDULES
        1833 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/Balanco Rstls Ship Voy No Etb/Btr Period From To From u» dm cozn 21/2300 m h/hoo ho*5( 79/7*00 hosoo imn h/hoo IA NOTOO 2<V0*5* 20/0*00 H H/TTOO 20/0*5* 20/0*00 i inmo 2o/w» 2o/i4oo 4 20/1200 20/1454 20/1700 «wi'nm »m~ 2Woo
        1,833 words
      • Article
        GLOBAL HOLIDAYS
        185 39 Apr 25 New Zealand: Anzac Day. Apr 26 Australia: Anzac Day Holiday. Apr 29 Japan: Greenery Day. Apr 30 Denmark: General Prayer Day. Finland: May Day Eve. May 1 Greece: Labour Day. Germany: Labour Day. Austria: Labour Day. Belgium: Labour Day. China: Labour Day. Finland: May Day. France:
        185 words
      • Article
        COCKETT BUNKER MARKET REPORT
        761 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        761 words
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        VERITAS BUNKER QUALITY REPORT
        472 39 Carton *T« P*n»tty W«t»f h«K» Art UumMm Sodlwnt M/M [km W>ri %m »n/» %M/M mi ttKX ISO/CfcMt 1Mb Sp«c E25 991 1.0 IS.O O.tO SO* o!io* »«635 991 I.Q B.Q Q.g 80* 0.W Northern Eur op* ISO Ave 982.2 0.1 12.9 0.04 26 0.02 180 M«x
        472 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon PAL chairman agrees to inject US$200m
        371 40 Lucio Tan pledges his commitment to work for survival of Philippine carrier AFP [MANILA] Majority shareholder and chairman Lucio Tan yesterday agreed to inject fresh equity in Philippine Airlines (PAL) ahead of a fast-approaching deadline to raise US$2OO million (Ss33B million) in new capital,
        AFP  -  371 words
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        Lock icon Another one jumps the rails
        70 40 [KAERLICH, Germany] A German border policeman films an overnight sleeper train which jumped the rails near Koblenz, enroutefrom Vienna to Dortmund. None of the 70 or so passengers were injured but the accident is the latest in a series of mishaps for the German railway
        REUTERS  -  70 words
      • Article
        Lock icon New bidders eye S African airline stake
        387 40 US-based airline, group of US investors join race for stake in South African Airways Reuters [JOHANNESBURG] South African Airways (SAA) said it had been approached by two new prospective bidders interested in bidding for a 20-25 per cent stake when it is partially
        Reuters  -  387 words
      • Article
        Lock icon KAL crash: parts of black box cover found
        144 40 Reuters [SEOUL] Korea Air Lines said yesterday it had found fragments of the cover to the flight-data recorder of a cargo plane that crashed in Shanghai last week. But a spokesman for the national flag carrier denied reports that Chinese police had
        Reuters  -  144 words
      • Article
        Lock icon Four join supersonic jet engine project
        120 40 AFP [TOKYO] Four American and European manufacturers will join a Japanese project to develop an engine for supersonic commercial aircraft by 2003, a business daily said. General Electric and United Technologies of the United States, Britain's Rolls Royce and Snecma of France will provide
        AFP  -  120 words
      • Article, Illustration
        Lock icon Ansett to sell freight business to TNT
        283 40 Reuters [MELBOURNE] Ansett Australia said yesterday it had reached an agreement to sell its express freight business to TNT Australia, a subsidiary of Netherlands-based TNT Post Group NV. Ansett executive chairman Rod Eddington said TNT was the winning bidder for the courier business,
        Reuters  -  283 words
      • Article, Illustration
        Lock icon Air France in talks with Airbus on buying A318
        401 40 Reuters [HAMBURG, Germany] Air France is considering ordering 107-seat Airbus A3lB aircraft but no decision has been taken on an engine supplier, the airline's chairman JeanCyril Spinetta said. "We are talking to Airbus. One option is to take the A3lB with
        Reuters  -  401 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1781 40 an mem n* rucnr no moot vn MM 8A7381 WO IA7382 2055 f«—to $0909 1710 $0990 005 1,30 ...XH $0003 60S C2354 0910 £2 a» 2045 S0004 W20 $0229 22X) V 741 010 V M0 14,0 SS2 <£2 EE 52 22 US *1837 >455 U3t 2300
        1,781 words
  • Page 27 Advertisements
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      22 27 US-Taiwan business jet venture takes off Given the obstacles, Sino-Swearingen is making a reasonable start, with 140 planes pre sold. Page 2
      22 words
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      Page 27 Advertisements Column 2
      386 27 Mote united Airlines has lllld6X Asifl 99 appointed Garth The International Maritime Petersen as station Defence Exhibition Confer- M manager in Hongkong. ence (Imdex Asia 99) will take Mr Petersen will place from May 4-7 at the M m oversee the airline's World Trade Centre. Imdex J ground handling Asia
      386 words
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      Page 27 Advertisements Column 3
      212 27 Cfl <JS 9 i K1 Br f OF THE MARINE IND ifRY 9 I ifji Special P eature Shipping Times •27 April 1999 Published in conjunction with the Each of these topics is of crucial MP m Oceanology International 99 Pacific Rim importance to the Pacific Rim Exhibition Conference, this
      212 words
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      Page 27 Advertisements Column 4
      20 27 PAL chairman agrees to inject USs2oom Lucio Tan pledges his commitment to work for survival of Philippine carrier. Back Page
      20 words
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      741 28 '1 I SUPER SHUTTLE EXPRESS ——J IQULFl QULF KARACHI EXPRESS (OKX) rasa VOYACI I ICQ '""aST'''","" vßsa |VOY|JU|nm|MH I OND I KAR I COI I PIG I SIN OOQ AMERKA 33W514 07/04 25/04 OOdCAItfOtMA 35W515 ,4/04 02/05 PtO NIDUOYD OUOAI 441 07/04 00/04 04/04 11/04 10/04 JO/04 24/14 15/04 "T*CAST<*
      741 words
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      Page 28 Advertisements Column 2
      798 28 AjKA Lmes services represented u. A o. the angapor^R^Orders Acced'ted Shipping Agents Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES JL r-ss-A,, SINGAPORE to BATAM, BINTAN, KARIMUN fe' SINGAPORE to BANGKA ISLAND 1 x *11 SINGAPORE to CILEGON L^fncJ SAMARINDA/BAUKPAPAN/BANJARMASIN TO SINGAPORE**" MAHHAAUBIC BAY/LUZON TO SINGAPORE P.K.
      798 words
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      1171 29 I SAX SERVICE (DIRECT) vtssa voy sin eu ux dm I hou ien lax i «a> I«i I ht( AnnßQuasf 0241 21/04 06/05 11/05 11/ os 12/05 11/05 12/05 12/05 13/05 13/05 mSADONTX 01H 28/04 l«/ 05 18/05 11/05 19/05 18/05 19/05 19/05 20/05 20/05 VITOUMMIK 025t 05/05 20/05 25/05
      1,171 words
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      Page 29 Advertisements Column 2
      2147 29 hanjin shipping iik F i i Ms tWya Lm -Mk *****30 HAWJIW SHIPPING (S) PT LTD km* com WOOK *****3S ?37 SAtK *****74 731 DQdMWT ********** OfHUTIOWS 73?0?S»?SI MMRUK *****55 Ml 777W40 Ott **********0 M TO NW USA A CANADA USA CAM ADA* ImvuTvot mm sm imehaul/voy rurn nw on
      2,147 words
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      Page 29 Advertisements Column 3
      455 29 rasa WiiMwyiimffliaw A Ml I V MOffIAHU 23S 11/04 21V04 210 21/04 25/04 27/04 2t/04 30/04 mtUISAM tOSS 2V04 M/ 04 02/05 04/05 05/05 i 1/1 J a f. B4T(KBUM6 tOtS 25/04 77/04 Wt> 20/04 02/05 04/05 07/05 00/05 prOVIOeS LVL COVISOIIIIfIIIOII TO HTW4OAI swwa ms 30/04 07/05 Qt/05 11/05
      455 words
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      1465 30 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VOY SIM tEH HTM mH KAM HV FU VEBil VOT Sl« G(T IK FOS MX MTU HANJM BARCtLONA Will 20 M B7OS MOS 10 (5 It H 11H 11(6 OSK AMERICA WWII ZZ 04 8888 11 BB 13 K IS BB ~Hlt HAMJWKEELUNG WQBII
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      Page 30 Advertisements Column 2
      577 30 paSl'^lfT 1 *0K: (*2)2*4667 SURABAYA: (21)2616* KUCWWB (062) *****1-6 CALCUnA MADRAS MV "ORAM BREEZE" V.913N MV "OCEAN BRILLIANCY" V.08R45 ETA SIN: 25-4-99 ETA SIN: 22-4-99 SURABAYA SHANGHAI MV "JURONG BALSAM" V.033 MV "HYUNDAI BARON" V.318E ETA SIN: 25-4-99 ETA SIN: 22-4-99 HAIPHONG VANCOUVER MV "VAN XUAN" V.E5099 MV "HANJIN KOBE"
      577 words
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      481 30 LINE By wb mi ismn MUARA LABUAN vesa vot etc n* vessb vor itd eta sratf muma spoke int "nw vwi/wtaNrto/M jpoospb vooe/WhNnM/M CAIAKAJN332 VOOE/W 25/04 21/04 OHM JN332 VON/W 25/04 24/04 JPtOSPB VWE/W 30/04 03/05 JPtOSPEI VOW/W 30/04 04/05 CAKMU *332 VI«/W 05/05 00/05 CAUU JH332 VIOE/W 05/15 04/05
      481 words
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      1272 31 VOY KHH HKO SIM PQB DXB DMM BHJ IBA I BIK IRAN SHAHRYAR 5-101 23/04 20/04 06/08 06/05 07/05 09/06 11/06 IRAN BAABAEI PJLI34S 30/04 03/06 12/06 13/06 14/06 16/06 18/05 IRAN TAKHTI PJLI346 07/06 10/05 19/06 20/06 21/06 23/06 26/06 IRAN KORDESTAN 6-103 12/06 14/06 18/06 27/06 28/06 29/06
      1,272 words
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      Page 31 Advertisements Column 2
      1397 31 kly Koh« (6 Dw^l C 7 »ayft|| I ca^ImPMHcmLTD Si™"" ouiwwdb/uV 4 MSM2 tMotEorno: sks- Ikl Si r L ssss h lan MM/OOIK 73AM 17/W 04/05 n 'T®* s I VIM lIAM 7V04 **/wT MYC MR 06 ASH HM SGP OAMI/0047f IS/04 71/04 01/ OS 03/05 m£a w/Su? 7uu 'MX
      1,397 words
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      Page 31 Advertisements Column 3
      310 31 Eastern Car Liner, Ltd. V=A taiawawMßfTuro £SSt I spiciauzi IN rowo HEAVY un urto 4so tons] ECI fSIHSAFOtt) PTE tip LOADING FOR YANGON MANILA MV -TIN- MV -CORAL HIRO" V.16 ETA SIN 28/04/99 ETA YGN 02/05/99 ETA SJN 29/04/99 ETA MNL 04/05/99 PORT KLANG PORT KLANO/YOKOHAMA MV "OCEAN SAMPAGUfTA" V.20
      310 words
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      Page 31 Advertisements Column 4
      30 31 Shipping Times ~BusenessCentre Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
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      Page 32 Advertisements Column 1
      1319 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM MW MC TV ZEE UN LHV THP ROM ANW HBG PKL SGP E. DAINTY RW-010 25*4 13/05 IMB 15*6 17/ M 11*5 19/05 NUOVA GENOVA RE-022 29/03 21*3 30*3 01*4 23/04 E DYNAMIC RW-004 82-05 24*6 20*6 22* 2«H 25/05 20/06 E. RESULT RE 024 01/04 04/04
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      Page 32 Advertisements Column 2
      1497 32 nr^T 2 ADVANCE CONTAINER LINES (PTE) LTD 1 AL»L- a»w». m«: BS 2<xmo ACLPL CAIAi MUMi SALM MAJBOTINO *****3130 OPERATIONS: 2213—V*****06 CB NO. IBgMMdflOOf vma vot kk vtssa Y Wr KOURAJNA IRM/ICH) RNAIO9 20/4 fee 23/4 Fri O*NUBHUM(UTCII 038 20/4 lu. 23/4 fn MA«M (PAD 082N 21/4 24/4 S* SMA*
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      Page 33 Advertisements Column 1
      444 33 i BSfl n mm MYANMA iSBBk FIVE STAR LINE (Myanmar National Lint) Loading for Yangon (Rangoon) vissa yoy sin PKL PEN PGU I AGO VIO9W SB MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES nut m (03)*****00 PKL Til (03)37*6101 Kit m (04) *****03 PGU: TEL (07) *****21/4 BANK LINE (A »tr*fc« of
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      Page 33 Advertisements Column 2
      1278 33 HMME* HYUNDAI MERCHANT MARINE CO., LTD. IVBSE VOT ISM SOU lUH I RTM I ANT HAM WN FB IVESSB VOTI SOU I LB4 IW I AMT HAW IWV I FRISK HYADMOUL 319W 22/04 10/05 15/05 12/05 13/05 Ml BUTE 01X 02/04 03/04 21/03 30/03 21/04 MUCOSAL 007W 23/04 14/05 15/05
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      Page 33 Advertisements Column 3
      1115 33 fIT" 1 specialized outooamm QsmiG Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYLIFT SERVICE" j VESSEL I"VQT RAMP HEIGHT SIN LAX CRI NUA SAV BAI Off NYC WW MM IS™ F909 4001 ms 6.3 M 26/04 ?5/05 Wm o*7o*~ WoT "Wo*" TT7BT 13/0* T77oTWorWW4A F9lO 4001 MS 6.3* 07/05
      1,115 words
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      Page 34 Advertisements Column 1
      1872 34 ■AMQKOK/ HA* TA HWT/ LAMM CHABAMQ JAK ART A/P AN J ANCI VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY I SIN JKT PJN NANTA BHUM" 442N 21/04 24/04 28/04 DANU BHUM' 038 ~ln Pt 24/04 I ANAN BHUM 109N 21/04 24/04 23/04 GURU BHUM 12SS 21/04 25/04 KOTA HARTA
      1,872 words
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      49 35 I Dial 740-6000 on demand (Retrieve more schedulesi) Swi Press "1" wHH Select the port and key in the four digit code eg: To New York (NYC) 227S Key in your fax number your phone number Another innovative service offered by The document Will be I SHIPPING TIMES S
      49 words
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      Page 37 Advertisements Column 1
      51 37 I ORIENT PACIFIC I CONTAINER UNE LIBYA BENGHAZI TRIPOLI Look Up Our Schedules On PG 4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES NEW GUINEA PACIFIC UNE CHECK OUT THIS Our Schedules Are On PC 5 SPACE FOR Hswipp shipping NEW ADVERTISERS AGENCIES PTE
      51 words
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      109 39 LEGEND R Thunderstorm Temperature V Shower Weather Wind Section with speed m knots e Rom Cloudy Sky Wav h Surface winds ore mdicoted by arrows which Hy with the wind 0 One h* circle represents calm or kght and variable wmd» One holt Heche represent, 5 knots I— One full
      109 words
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      Page 40 Advertisements Column 1
      86 40 -businesscentre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. imwiiwiiiiniiHiUHiiMiiiHmiiauiiiiniMiimiiiiiiiiiJiiiiniiiuMiiiiini—.^—— Call 740-6000 Press a 1" 6c key in Document Code *> Key in fax number Eater yont phone number I I VO\3K involve risks- a pp\y W Business ISTC>- I 1 h
      86 words