The Business Times, 27 February 1997

Total Pages: 38
1 38 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, FEBRUARY 27,1997
    13 words
  • 68 1 8111 wun (+14.10) n W-SB U (-1.41) niTOOHP mm *****5 (-1.45) wmmuok U 1097J7 (+2.52) CI MABEETHOOD: H Kfaced iwmnniBBa Wednesday Change KLSE COUP IJW617 -610 NIKKEI 18J990.92 -7116 HANG SKNO *****13 *21.67 SCTINDBX ***** +0.07 JAKARTA COUP _***** +1110 MANILA COMP —JU4182 -1126 TAIPEI WPI 7,7*49 -156.87
    68 words
  • 73 1 ■wtia 1ATBR US$ SS ISS I42§ MM WW DM 1SW MM YEN 100 1-826 1.177 MS MVS U74 HKS ».1» *184 BA»rr 1.039 0.065 RUP1AH IOO 0.042 0.060 FUME BATES SINGAPORE* 6.44 KUALA LUMPUR. .9.25 JAKARTA 18.00 BANGKOK 1125 MANILA 13.50 HONGKONG Afii TAIPEI .9.25 SYBNBT_ CM TOKYO .150
    73 words
  • 601 1  -  SISV figures show curbs hit prime districts harder than previously thought By* Abdul Hadhi [SINGAPORE] The government's stiff anti-speculation measures introduced in May last year have hit the residential subsale market in the prime districts much harder than previously thought. But
    Source: SISV; ALLAN  -  601 words
  • 392 1  -  An acceleration of growth in US, Japan could spur inflation From Neil Behrmann infjondon WITH signs pointing to US and Japanese economic growth rates accelerating, analysts warned that the resulting surge in inflation could boost yields and cause a severe slide in the
    Source: Bloomberg  -  392 words
  • 156 1 Reuter [WASHINGTON] Federal Reserve chairman Alan Greenspan yesterday delivered an upbeat assessment of the US economy but voiced concern about soaring stock prices and the risk of higher inflation, and his remarks sent stock and bond prices tumbling. "We cannot rule out a situation in
    Reuter  -  156 words
  • 455 1  -  Eitech clinches one-third of sites in Chuan Green By Diana Oon [SINGAPORE] The Urban Redevelopment Authority's first land auction this year drew a crowd of more than 500 people, and saw mainboard-listed Eltech Electronics sweeping one-third of the sites on offer.
    WONG POK SEE/ST  -  455 words
  • Page 1 Advertisements
    • 110 1 We talk to three women who get a kick out of their Harleys.Pt 12 MBWfWPB bnl fries, this pg. Argument goes against those who contend that strong growth need not lead to inflation. ♦Wppni slH— aXtUm, pg 11 Market was right about a potential takeover, but the run-up in share
      110 words
    • 7 1 HDB resale prices hold steady, Pg 4
      7 words
    • 61 1 vg TAGHeuer «iutp 'l" I r *V 4- > 1 ■ng^ T y A f V-n ■*>»•- f r f V- r-ii-C V. i" t s i n *-s--5 1 v '> T? ft f i**'?..";* >*1 r>* V 1 'f is'--* x r>>* X Vf </ r j **♦**<&
      61 words

  • SINGAPORE AT HOME & ABROAD
    • 310 2  -  By. Jennifer Lien THE semiconductor market is likely to improve this year, mostly driven by production cuts by Korean memory chip makers, a senior IBM Corp official said yesterday. "The semiconductor environment this year is a lot more substantial than last
      310 words
    • 353 2  -  Almost all find jobs within three months, mostly in private sector, survey shows By< Chuang Peck Ming FRESH polytechnic diploma holders took home 6.8 per cent more in pay last year, in line with the jump in overall wages. Monthly starting pay
      353 words
    • 406 2  -  Prices governed by supply, demand and state rf the eceoomy, gays Geh Chee Wee By < Christopher Tan THE presence of parallel importers does not raise COE prices, says new Comfort group managing director Goh Chee Wee. "Prices will be governed by supply,
      406 words
    • 597 2 The Straits Times [CAPE TOWN] Singapore and South Africa are far apart geographically and may be different in many ways, but they share one thing: they have both gone through rapid transformations in their societies which others consider miracles, said South African
      The Straits Times  -  597 words
    • 338 2  -  EYE ON THE ECONOMY Commerce By, Jenny Lam THE catering trade index ended 1996 on a quiet note with a marginal 0.8 per cent growth at constant prices (or in volume terms) in December compared to a year ago. At current prices or in
      Source: Dept of Statistics; JEN CHUA  -  338 words
    • 467 2  -  Firm aims to capture 200,000 subscribers in three years'time By Teh Hooi Ling HUTCHISON Paging, one of the three new paging operators that will enter the market on April 1, yesterday unveiled its marketing plans. Chief executive officer Raphael Goh said the company
      467 words
    • 297 2  -  By i Catherine Ong FRENCH government agencies are stepping up efforts to promote French arts, education and research and technology in Singapore. The cultural section of the French embassy here yesterday unveiled a 7.7 million French franc (551.94 million) budget for
      297 words
    • 164 2 IN THE Property Column on Tuesday we said that figures from the Urban Redevelopment Authority show that there were 10,144 completed but unsold private housing units at the end of last year. That was incorrect. The figure refers to uncompleted and unsold units. And in our report
      164 words
  • Page 2 Advertisements
    • 91 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      91 words
    • 164 2 Comfort to continue diversification, Pg 14 Turning your Accountant into Superman? We must be kidding. Consider this weigh a man down with a ton of bricks around his neck and ask him to do a backflip. Naturally, he will not manage it. Now ask your Accountant to produce timely reports
      164 words

  • Page 3 Advertisements
    • 77 3 Ui Q. O LU 0. o o o o Success starts with an attitude. A confidence Z that you can integrate ideas with knowledge to change forever the way business approaches a challenge. The greater the resources, tne greater the possibilities. z o o o CO <z Ui BfIVVP _J
      77 words

  • FOCUS: PROPERTY
    • 562 4  -  Despite slower sales overall, some locations still seeing high prices By. Abdul Hadhi [SINGAPORE] PRICES of HDB resale flats continue to hold despite slower sales. Latest figures from property agents ERA Realty Network show that high prices are still being achieved for units in certain
      ALLAN; FILE PHOTO  -  562 words
    • 449 4  -  Wing T&i director sees this as a way to meet down payment By. Michelle Low [SINGAPORE] "Downgrading to upgrade" may be the answer for homebuyers struggling to meet the cash down payment on their properties. The idea, raised by Wing Tai director Loh Soo Eng
      449 words
    • 690 4 HDB transactions from Jan 27 to Feb 21,1997 LOCATION D6T1CT OMC (SOFT) SfOOQ (St) 2-Room (Improved) Bedok Reservoir Rd 1647 1/Z997 505 106 34 2-Room (Standard) TanglinHatt Rd 0314 1/30*97 473 99 209 3-Room (Type A) Jurong East Ave 1 2260 2/5/97 807 195 242 TampinesSt21 1852 2/4/97
      690 words
    • 257 4  -  By- Michelle Low [SINGAPORE] Hong How Corporation is firming up plans for a new apartment project tailor-made for senior citizens, styled on the retirement village concept. A Chinese clan association will be a partner in the development, which will have 150 to 200
      257 words
  • Page 4 Advertisements
    • 300 4 Wiy _,yj m 1 CIPL from DBS Finance The place to go for Commercial Industrial Property Loans. •Up to 90% financing Financing period of up to 30 years Financing tor offices, shops (including HDB shophouses), factories, warehouses and property development Financing under the Local Enterprise Finance Scheme also available Call
      300 words
    • 59 4 STRATA OFFICE FOR SALE Peninsula Plaza Chinatown Point 999 yrs Near Outram MRT 1,486 sf Station Nicely furnished s( and With tenancies Amara Hotel, Ballroom 2, Level 3 13 March 1997, Thursday, 2.30 pm Contact Sole Marketing Agents JL W Commercial Dept. Terrl Lee or Stuart Roberts The MINOLTA SUperfdSt
      59 words

  • REGION
    • 314 5 BANGKOK Investors focusing on key Thai economic data and are watching Greenspan Reuter BARGAIN hunters bought large capitalised communications and finance counters in a last minute reversal yesterday, driving the index which was in negative territory up slightly at the close,
      Reuter  -  314 words
    • 470 5  -  JAKARTA Bnsang row sparks off concern that govt would change policy By\ S N Vasuki THE fallout from the Busang gold controversy in Indonesia has been immediate. Foreign mining companies, primarily from Australia and Canada, which are awaiting official approval for new mining projects
      470 words
    • 228 5  -  JOHOR BARU Byi Ang Wan Hay A HUGE theme park in Johor Baru expects ticket sales of MS3SO million (Ss2oo million) in its first year of operations. The theme park, called Agarta Universe, is five times the size of Tokyo Disneyland and
      228 words
    • 365 5 BANDAR SERI BEGAWAN Reuter BRUNEI'S Finance Minister Jefri Bolkiah has resigned and his brother, the Sultan of the tiny oil kingdom, will take over the job, an official statement said yesterday. "The prime minister has announced that his majesty, the Sultan,
      Reuter  -  365 words
    • 36 5 [HANOI] A bicycle trader carrying Chinese made bicycles on a Hanoi street yesterday. Foreign bicycles, mostly smuggled into the country from China, haveflooded the local market, killing almost the local bicycle industry. AFP
      AFP  -  36 words
    • 449 5 ■JOHORBARU Central district to be divided into commercial, cultural, residential sectors NST THE Johor government has unveiled a masterplan to redevelop the state capital's central business district which promises to transform the city into a modern metropolis. The New Straits
      NST  -  449 words
    • 699 6  -  CHllt A WATCH Thfl piMrt-P*ng tMvwnmin n ganda wHil tttfct Hiuiff and hla team on tha 'cat thflory' And more By Lu Ning Anticipating eagerly to learn all the theorems and equations that would magically unravel the mysteries of modern capitalist economics, I was somewhat disappointed on
      699 words
    • 164 6 BEIJING AFP MUSLIM separatists shattered China's calm following the death of patriarch Deng Xiaoping by killing at least seven people in three terrorist bombings in Xinjiang, officials and residents said yesterday. The suspected "freedom fighters" detonated three home-made bombs on public buses in Xinjiang's capital,
      AFP  -  164 words
    • 313 6 HONGKONG Beqmg to be asked to consider move to satisfy Deng's wish to visit, after handover AFP A CAMPAIGN to have some of late Chinese leader Deng Xiaoping's ashes scattered over Hongkong waters has gained support from Beijing's de facto
      AFP  -  313 words
    • 242 6 HONGKONG Reuter CHINA'S People's Liberation Army (PLA) plans to use its presence in Hongkong, after Britain pulls out, as a showcase to shed the bad image it acquired in the 1989 anti-de-mocracy crackdown in Beijing's Tiananmen Square. The future Hongkong garrison commander
      Reuter  -  242 words
    • 265 6 NEW DELHI AFP INDIA'S economic growth is threatened by an acute power crisis, an expert said yesterday, predicting "darkness at noon" if a massive financial investment was not made over the next five years. Manishi Roy, a director of the Confederation of India
      AFP  -  265 words
    • 52 6 [BEIJING] A worker pruning a tree along a Beijing street yesterday to prepare for the wanner months. It is business as usual for most Chinese as they go back to work after the mourning period} for the death of Chinese patriarch Deng Xiaoping ended on
      AFP  -  52 words
    • 248 6 LONDON Surging demand is spurring new ways to pay for power projects Reuter SURGING electricity demand in Asia is encouraging western finance houses to explore new ways of financing independent power projects (IPPs) in developing countries, a leading banker said on Tuesday. Electricity demand in India,
      Reuter  -  248 words
    • 250 6 SEOUL Team to take fall responsibility for Hanbo loans scandal AFP SOUTH Korean Prime Minister Lee Soo Sung and his cabinet yesterday tendered their resignations en masse for failing to serve President Kim Young Sam. "I offered my resignation after talks with other cabinet
      AFP  -  250 words
    • 220 6 TOKYO Reuter PRIME Minister Ryutaro Hashimoto plans to submit a bill to parliament banning Japanese firms and individuals from offering bribes to foreign politicians and government officials, a major newspaper reported yesterday. The Nihon Keizai Shimbun said the government is
      Reuter  -  220 words
  • Page 5 Advertisements
    • 60 5 Bi> In love, there are no boundaries. In memory, love lives forever. l| Best Picture m: 1997 Academy Award 12 Nominations Best Original Dramatic Score vS' Best Sound f* f Best Screenplay THE I A iENG L I S H P ATJ E N T R(A) ivs,nt t ,.u,tuk.tstub..ti.,\m..,i,k.ishini.n.imi f
      60 words
    • 216 5 Christof/e Paris Champagne bottle opener, stopper and champagne cooler Sommelier Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 I srtan Scotts Level 4, 350 Orchard Road, Shaw House, Singapore *****8
      216 words

  • Page 6 Advertisements
    • 180 6 f (nniSVTV\ lift*] Xiwisj* Chinese Jteslauranl 9n Hsia -t $48.00++ For 4 Persons Soup of Today Braised Abalone with Dried Mushrooms and Vegetables k Steamed Whole Pomfret with Bean Curd and Black Bean Paste Fried Noodles with Bean Sprouts and Soya Sauce Agi Choose any 2 Special Lunch Dishes Budget
      180 words
    • 6 6 AUmt that matters, Editorial, Pg 10
      6 words

  • FOCUS
    • 921 7  -  Decision to lift ban on holding companies could help increase corporate accountability, promote entrepreneurship and reform the country's financial system By. Anthony Rowley [TOKYO] JAPAN'S decision to lift the ban on holding companies imposed by postwar US occupying authorities (in order to break up powerful financial
      921 words
  • Page 7 Advertisements
    • 156 7 DBS to cash «fe Venfuring overseas? Finance Scheme, your "cash-for-Would you like instant cash for your j" v ce fi n could be for as invoices and let someone else assume e 05 *P a*the responsibility for bod debts? We also help to cut your administrative DBS Factors has a
      156 words

  • THE WORLD
    • 768 8  -  LBTTBRFROM WABHZMOTOM A cuppa at the White House starts at USs2B,oooln Everything-Is-For-Sale Washington By Leon Hadar IN MY neighbourhood Starbucks coffee shop, a cup of Double Expresso costs a little more than US$2 (552.84). A Grand Latte comes to about US$3. Add a scone or a croissant
      768 words
    • 271 8 NEW YORK AFX-Asia MICRON Technology Inc has filed a petition with the US Commerce Department and the International Trade Commission alleging Asian semiconductor producers are dumping cheap products in the US and significantly eroding domestic producers' market share. Micron said producers
      AFX-Asia  -  271 words
    • 266 8 TOKYO Reuter MAY BE Alan Greenspan should change jobs and move to Japan. Figures released yesterday showed Mr Greenspan's counterpart in Tokyo, Bank of Japan (BOJ) governor Yasuo Matsushita, had an annual salary three times greater than that of the
      Reuter  -  266 words
    • 163 8 M WASHINGTON Bloomberg Business News PRESIDENT BUI Clinton approved his chief fund raiser's plan to use personal visits to "energise" key supporters, according to a memo released by the White House on Tuesday. Terry McAuliffe, former national finance chairman for the president's campaign, proposed
      Bloomberg Business News  -  163 words
    • 420 8 WASHINGTON Tight labour market not as worrying as some think, says Fed vice-chairman Reuter THE Federal Reserve's No 2 policy-maker said on Tuesday the economy may be doing better than ever but that the central bank was still watching to ensure
      Reuter  -  420 words
    • 382 8 WASHINGTON Consumer group urges Congress to set credit limit AFP AMERICANS ran up nearly US$4OO billion (Sss6o billion) in credit-card debt last year, a consumer group reported here on Tuesday. The Consumer Federation of America blamed both improvident consumers and over-zealous credit
      AFP  -  382 words
  • Page 8 Advertisements
    • 260 8 THE "LUCKY 38" FOR LONG LIFE AND PROSPERITY MingCourt Vista Hotel's Deluxe 1 Rooms, Taipon Club Rooms and Executive Suites, now at special V prices. We call it the "LUCKY 38" for health, wealth and prosperity. M' m k ifIHP *j| llk It's all very simple. Ifs all the I
      260 words
    • 159 8 YAMAHA d i 5 kl avl e r?~ 3-in-l Piano forjthe 21st century I pf 1 I Acoustic L—— A Yamaha introduces the ultimate innovation in a hybrid piano design the Silent Disklavier Piano, MPXIOOII. By combining the latest state-of-the-art Disklavier and Silent Piano technology, it gives you endless hours
      159 words


  • EDITORIAL & OPINION
    • 733 10  -  THE BOTTOMLDVE OPINION By Thomas Friedman The writer is a columnist in The New York Times THE FRIGATE USS Carrpulled into Casablanca harbour last week and the US embassy held a reception on board, replete with Budweiser and chicken fingers, for local
      733 words
    • 135 10 'It's like going to your refrigerator if you're hungry. You just open the door.' -MarkGohii executive vice-president of Fourth Star Financial Services in south San Francisco, which handles assets and finances of adult entertainment companies, discussing Adult Web sites on the Internet featuring pornography. 'Anyone who can
      135 words
    • 553 10 EDITORIAL CHIEF executive designate Tung Chee-hwa's announcement of his civil service team last week was a master stroke of political timing. Coming on the day after paramount leader Deng death, it sent the signal that whatever fears there may be of the future, continuity
      553 words
    • 1141 10  -  White House worries that growing anti-China trend will sabotage bid to improve Sino-US ties By. Leon Hadar The writer is BT's Washington correspondent WHILE US officials have stressed that the death of Chinese leader Deng Xiaoping would not lead to changes in Sino-American relations, there are
      REUTER  -  1,141 words
    • 804 10 Tang could surprise HE elite DISCUSSION of Hongkong's future has centred on the extension of key elements of the present: a high degree of autonomy, an independent judiciary, press freedom and so on. However, not everything in today's Hongkong is either blooming or worth preserving. So
      804 words
  • Page 10 Miscellaneous
    • 40 10 DOONESBUBY By Garry Trudeau GOOP MORNING. TMPL£ASB?TD BZBRJ&HNGTHtSPtSTJNGUtSHEP W OH, YEAH 7 WUM..(UeUM 11 M?U/WT£ \6R£ATW&IB cc»*waNjwtMi7Du?szxy ti hey, mattaminlttb' tw rough fS Of THf5 WHrrt House, THE MAW, V'l XX/F3NOrHfS7D~ e PRAnSOf) \(MUSTBeVI\ ml MHs/mxejusr I H&OW \\INTHZ K)
      40 words

  • Page 11 Advertisements
    • 323 11 SINGAPORE BUSINESS Giving you the winning edge Where to wine, dine and entertain We c onrine 1 racism I to Onions. I mmggmm OUTSIDE CBD AMPLE FREE PARKING t Our Great Seafood Promotion Is Back! Adult: $31.50+++ Child: $18.50+++ Every Friday Saturday. From 6.30pm to 10.00pm. Reservations, please call 731-7990.
      323 words
    • 0 11 ;%>_?]>:<\:,=['{__`'"@]@!"-<]^=
      0 words
  • Page 11 Miscellaneous
    • 833 11 TV&BAPIO m v! ILSO MNCentral Park West. 830 Berita 12. a^nisFWTfiTTSa^——^l W 12.40 AM The Outer Limits 830 Festival Filem ICI Dulux: L3O PM TV Innovations. Resurrection. Layar 12 Bintang Ma 2.30 The Winners. L2S In Living Color. lam (r). 3.00 Money, Money, Money. ZJS Roots: The Next Genera- 10.00
      833 words
    • 172 11 CRYPTIC CROSSWORD DOWN 13 Many a contributing cause, in- YESTERDAY'S SOLUTION 1 Flags love to be in some rain (6) eluding drink, makes a crimi--2 Release bolt? No luck? (6) nal (10) 3 Time in history that saw Islam 15 Try to land (5,4) edged out? (6,4) 16 Shows nervousness
      172 words

  • EXECUTIVE LIFESTYLE
    • 596 12  -  huuimwuhhh tan talks to three women who ride these powerful machines CHRISTOPHER TAN Although women motorcycle riders are no longer a traffic-stopping phenomenon, three of them the only ones in town riding Harley-Davidsons are likely to turn a head or two. Ng Chen Nee, 21, a
      CHRIS LOH  -  596 words
    • 186 12 BAYERISCHE Motoren Werke AG will be launching a new motorcycle which will compete directly with the HarleyDavidson. BMW Asia managing director Kay Segler said recently there would soon be a bike that would not be like any machine the company has produced. He expects
      186 words
    • BUMPER to BUMPER
      • 135 12 BAYERISCHE Motoren Werke Ag's joint venture with the Hero Group of India to produce a 650 cc motorcycle for the domestic market has gone into cold storage. According to BMW Asia, the New Delhi plant—an existing Hero facility —has stopped making the bikes after
        135 words
      • 89 12 WHILE many other Japanese sports cars have gone the way of the dodo or are nearly there, Honda is beefing up its NSX programme. The company has just Introduced a new six-speed manual transmission NSX equipped with a larger, 3.2-litre engine. The Type S car, 45kg lighter,
        89 words
      • 48 12 SECOND-YEAR Polytechnic engineering student Ho Chern Choe, 19, won this $8,000-plus Piaggio Typhoon scooter at a recent draw held by Comfort Eurobike at last month's Motorcycle, Bicycle and Accessories Show. A non-rider, all he has to do now is to get a motorcycle licence.
        48 words
      • 83 12 BY the second half of this year, the BMW 7-series will be the first car in the world to have a head airbag as standard equipment. In addition to front and side airbags, the new safety feature inflates out of the headliner to shield the driver's
        83 words
      • 106 12  -  Compiled by Christopher Tan CAR ENGINES cannot be made very much cleaner than they already are, according to a report by the Economist Intelligence Unit. But they can be made more economical —by up to 30 per cent. The most likely key to this improvement is
        106 words
  • Page 12 Advertisements
    • 39 12 i Eli u ./H/Sbs. IBSIH Hl9Shv ip SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS A GREAT BOOK. FOR YOURSELF. FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTREPOINT. PLAZA SINGAPURA AND RAFFLES CITY
      39 words
    • 26 12 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified Ssrvtcs
      26 words

  • COMPANIES & MARKETS
    • 573 13  -  DBS Land to inject four wholly owned subsidiaries into hotel arm By\ Lee Han Shih [SINGAPORE] THE listing of DBS Land's gigantic hotel arm looks set to take off in the next few months following an announcement last night of yet another major
      573 words
    • 525 13  -  Higher margins from property loans a major boost: analysts By\ Siow Li Sen [SINGAPORE] The six local banking groups are expected to post net earnings of $2.5 billion for 1996, up 15 per cent due to stronger regional contributions and healthy margins
      Source: Bloomberg  -  525 words
    • 408 13  -  From'. Ruth Wong in Kuala Lumpur WHILE Public Bank Bhd posted no surprises when it announced its 1996 results yesterday, its shareholders have good reason to cheer. The financial group is offering a one-for-five bonus and a one-for-five rights issue. The issue price of
      408 words
    • 665 13  -  HOCK LOCK SIEW Lee Han Shih IF Wee Cho Yaw has his way and he normally does HPL would become the main leisure arm of the United Overseas Bank group in the next few years. Before someone starts yelling "hostile takeover!", let
      665 words
    • 153 13 [SINGAPORE] Noble Group Ltd, a Hongkong-based commodity transportation company which had delisted voluntarily from the Hongkong Stock Exchange following a management buy-out, will launch its initial public offering (IPO) for a main board listing on the Singapore bourse today. The IPO is said
      153 words
    • 297 13 [SINGAPORE) Nippecraft announced yesterday that it made a net loss of $8.5 million for the nine months to Dec 31 and forecast that it would widen to about $11.9 million for the year to March 31,1997. The total loss includes a $1.2 million
      297 words
    • 227 13 [SINGAPORE] Lion Teck Chiang Ltd (LTC), formerly known as Malaysian Feedmills Ltd, has received approval from the High Court of Singapore to halve its share capital, thus paving the way for its relisting on the Stock Exchange of Singapore. With the court's
      227 words
    • REGIONAL COMPANIES
      • 410 14  -  Late sharp fall sparked by rumours in S'pore and across the causeway By Ven Sreenivasan [SINGAPORE] Malaysian stocks fell sharply just before trading ended yesterday on rumours of planned cuts in settlement periods both here and across the causeway. The UOB
        Source: Bloomberg  -  410 words
      • 192 14 [SINGAPORE] Sembawang In-dustrial-led consortium, PT Alam Indah Bintan, has appointed Spanish hotel group Sol Melia to manage its 400room hotel in Bintan Resorts. The hotel will be called the Sol Elite Bintan. A soft launch with an initial 250 rooms is expected in August
        192 words
      • 308 14  -  Judicial managers to meet them for approval on March 14 Byt Conrad Raj [SINGAPORE] The judicial managers of Electro Magnetics (1992) Ltd will meet its creditors on March 14 to get their approval for the takeover of the bankrupt company by Indonesian-born businessman Joseph
        308 words
      • 451 14  -  New MD says some overseas projects have to be re-examined By< Christopher Tan [SINGAPORE) Listed Comfort Group's new group managing director Goh Chee Wee intends to continue the diversification trail started by his predecessor, but will do a "critical review of all new business ventures to
        451 words
      • 232 14 Bernama [KUALA LUMPUR] DCB Hold ings Bhd charted a 19.8 per cent increase in group pre-tax profit to M 5564.4 million (*****.9 million) for the year ended Dec 31, 1996, from M 5470.9 million the previous year. Group operating income rose 34.7 per
        Bernama  -  232 words
      • COMPANYBriefs
        • 61 14 [SINGAPORE] Sesdaq-listed Lindeteves-Jacoberg has tied up with the Dalian Electric Motor Works (DEMW) company to form a Joint venture, Western Electric (Dalian) Motor Co Ltd. The new firm will buy the business and assets of DEMW. Its total registered capital is 100 million renminbi (Ssl7 million)
          61 words
        • 42 14 [SINGAPORE] Sime Darby Holdings Bhd and Technochem Manufacturers Pte Ltd, a subsidiary of Sime Singapore, are aborting their plans to provide waste management and environmental related services and equipment via a joint-venture company, Ecopuri Sdn Bhd.
          42 words
        • 46 14 [SINGAPORE] Resources Development Corp has bought Bonaflde Development, together with its property along Tanah Merah Besar Road, for $4.49 million. The property, which sits on a freehold site 0f896 sq metres, will be redeveloped into two pairs of semi-detached houses.
          46 words
        • 54 14 [SINGAPORE] Low Keng Huat's subsidiary Low Keng Huat International has acquired a 75 per cent stake in Narymal Pty Ltd to manage the Duxton Hotel in Perth. The hotel is owned by Amuret Pty Ltd, a subsidiary of Kendall Pte Ltd, which is 75 per
          54 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • COMPANYBriefs
        • 82 15 Reuter [NEW YORK] McDonald's Corp plans to begin its biggest discounting programme to date by dropping the price of a Big Mac from US$l.9O (552.70) to US$O.55 with the purchase of fries and a drink, the Wall Street Journal reported yesterday. Company vice-chairman Jack Greenberg will
          Reuter  -  82 words
        • 91 15 Bloomberg Business News Reuter [ANAHEIM, California! Shareholders walking past a woman protesting against the Walt Disney Company's use of cheap labour in Haiti, outside the company's shareholders meeting on Tuesday in Anaheim. They later approved a 10-year pay package for chairman Michael Eisner valued at up
          Bloomberg Business News; Reuter  -  91 words
        • 53 15 Reuter [PARIS] Elf-Aquitaine yesterday reported a big jump in 1996 net income, helped by a rise in oil prices and efficiency. The net income excluding special items rose to 7.518 billion francs (Ssl.9 billion) from 5.325 billion, on sales 0f232.7 billion against 208.29 billion
          Reuter  -  53 words
      • 211 15 Deutsche Telekom confirms talks with Cable Wireless Reuter [DUESSELDORF] Deutsche Telekom AG chairman Ron Sommer confirmed late on Tuesday that the German telecommunications giant is holding talks with Britain's Cable Wireless, but warned against drawing premature conclusions about cooperation between the two. Asked by journalists about talks between the two,
        Reuter  -  211 words
      • 276 15 27-storey project with 329 rooms to cost nptoHKsBoom SCMP [HONGKONG] Sino group is to spend more than HK$7OO million (*****.8 million) to build a three to four-star hotel on the former Emerald Hotel site in Sheung Wan. The Island Pacific Hotel will
        SCMP  -  276 words
      • 370 15  -  Proposed bonus issue to boost DBS Bank's stake to 26m shares Fronv Quak Hiang Whai in Hongkong WING Lung Bank, which is 10 per cent owned by DBS Bank, yesterday reported an 18.1 per cent jump in net earnings for the year ended Dec
        370 words
      • 465 15  -  Results boosted by buoyant Asian operations From Neil Behrmann in London STANDARD Chartered pic yesterday posted a 21 per cent jump in group net earnings to £547 million (Ssl.2 billion), thanks to buoyant Asian trading conditions and minimal increases in costs. Earnings per
        465 words
      • 302 15 FT [NEW YORK] Inexperienced investors who have known only the bull market of the last decade could react "precipitously" to a downturn and "at great cost to themselves and our markets", Arthur Levitt, chairman of the Securities and Exchange Commission, warned on
        FT  -  302 words
    • FINANCE & COMMODITIES
      • 399 16 They say if OTC markets are exempt from regulation, futures exchanges should be exempt too Reuter [CHICAGO] The two largest US futures exchanges criticised a US Supreme Court ruling on regulation of "off-ex-change" trading in foreign currency options on Tuesday, and supported efforts in
        Reuter  -  399 words
      • 228 16 Reuter [TOKYO] Sumitomo Corp said yesterday that its chairman Tomiichi Akiyama had resigned from his posts as chairman and member of the board of directors due to the trading house's US$2.6 billion (553.69 billion) loss in the copper market. It added that Mr Akiyama
        Reuter  -  228 words
      • 191 16 Reuter [NEW DELHI] The Australia and New Zealand Banking Group Ltd (ANZ) is vigorously cutting costs to improve its performance and reinforce defences against takeover bids, chairman Charles Goode said. "Our profits have gone up quite well over the last few years, and we're
        Reuter  -  191 words
      • 58 16 [GROZNY] A Chechen man selling low-octane petrol on a road side. Russian bombs no longer fall on the mainly Muslim region 's capital Grozny. But the aftermath of the independence struggle with Moscow has left the century-old refinery to battle an army of Chechens who
        REUTER  -  58 words
      • 396 16 But tough demands likely to draw angry response in France FT [PARIS] The European Commission is expected to insist that Credit Lyonnais sell all its remaining European banking operations outside France in return for the approval of a
        FT  -  396 words
      • 323 16  -  By I Soh Tiang Keng [SINGAPORE] Malaysia has unveiled a master plan to tackle the challenges and opportunities brought about by the liberalisation of the country's insurance industry. The plan, conceived by Persatuan Insuran Am Malaysia (PIAM) the country's general insurance
        323 words
      • 219 16 mmu» Report Reuter [SINGAPORE] Simex Euroyen futures remained unimpressed by gains in Japanese government bond (JGB) futures yesterday and continued to consolidate on the higher end of their recent ranges. Dealers said trading interest was hampered by caution ahead of Federal Reserve chairman Alan Greenspan's two-part
        Reuter  -  219 words
      • 200 16  -  MSCI TAIWAN FUTUKES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan stock index futures succumbed to profit-tak-ing yesterday as traders became nervous about the Taiwan central bank monetary policy stance. Overnight rates on Tuesday reached a 17-month
        200 words
      • 224 16 ENERGY REPORT Reuter [NEW YORK) Nymex petrol was higher yesterday on weekly oil stock data that showed an unexpected decline in petrol inventories. Petrol was 0.75 cent a gallon higher while heating oil was 0.25 cent a gallon higher. Crude was up 20 cents
        Reuter  -  224 words
      • Article, Illustration
        1291 16 nrrHRBAMK CROSS RATES ™26 sz Z ~ZT: Z 3Sihffi S 2£JZ7Z Canada 0.949 6.119 0.634 460 1230 5-696 26.389 TT.569 0191 6343 1826 1058 29.572 ***** 1049 1260 1074 20.*****420 0.480 1736 CNm 0.155 0.163 0.104 1670 0201 0.931 430 2171 1M6 1036 0291 1173 4833 UK 1171 0.S33 0.176
        1,291 words
      • 269 16 AFP London THE US dollar posted gains, thanks to buying by some American investment funds, forex dealers said. The dollar had started the day with a dip as operators expected repatriation of substantial Japanese funds as the end of the Japanese fiscal year approaches (end March). American funds
        AFP  -  269 words
    • 1781 17 8IC01I FUTURES Feb 26 IWKI (Mum dosta* «it 5JOpm) RSS1 cwtsAe) Close Votame Open Morth H£fc Low Sott (tonnes) Interest Mar 97 172.25 700 Apr 97 173.00 172.75 ***** 150 725 May 97 174.00 173.00 ***** 150 1125 Jin 97 175.25 173.00 175.75 150 975 Jul/Sep 97 175.50
      1,781 words
    • 2326 17 L0N90N Industries FHil Nwca AS Ports 313 1.600 Abbey National 765.200 -10.800 AIM Oomecq 441.400 -8.600 A m »c 112.400 1.400 Asda Group 111.400 -.600 BAT Im) 545.400 -1.600 BICC 277 -.400 BOC Croup 996.400 -.200 BR Petroleum 678 14.600 BTR 239 -4 Bank of Scotland 357
      2,326 words
    • 1653 17 Reuter □llitta22S -7115 STOCKS ended the session on a weak note yesterday, pushed lower by profit-taking in the banking sector and some blue chips in afternoon trade, brokers said. They said the market lacked direction and trade was very thin with investors staying on the sidelines. The 225-share Nikkei
      Reuter  -  1,653 words
    • Article, Illustration
      1642 18 AFXAsia Q Bang Seng +2L57 SHARE prices closed off their lows yesterday, with China Light and Sun Hung Kai Properties supporting the index after HSBC failed to hold on to earlier gains. Away from the index, red-chips continued to outperform the market and selected H-shares also posted substantial gains.
      AFX- Asia  -  1,642 words
    • Article, Illustration
      660 18 Reuter fl Shenzhen B Index +QJFI SHENZHEN'S A and B share indices ended higher in active trading yesterday due to buying in companies expected to post solid 1996 earnings. The B Share Index gained 0.87 to 151.74 on turnover of HK$97 million. The A Share Index rose 8.70 to
      Reuter; Source: Credit Lyonnais Securities (Asia) Ltd  -  660 words
    • 388 18 AFP QwPlntei -156.87 SHARE prices closed 2 per cent lower yesterday as investors sold electrical and construction issues. "Recent major winners including electricals and constructions suffered heavy losses throughout the day while retail investors reduced their positions," said a trader. The TSE Weighted Price Index fell 156.87 points to
      AFP  -  388 words
    • 266 18 AFX-Asia n Wellington -1(134 STOCKS closed lower yesterday, weighed down by weakness in market leaders. The NZSE-40 Capital Index closed down 10.34 points at 2,290.14 with turnover valued at NZ592.4 million. -AFX-Asia wm v- r»w> ANZ Banking —9.20 unch 9441 Advarrtpqtt MlOgj U8 *0.03 4000 Air New ZMtwM (A)
      AFX-Asia  -  266 words
    • Article, Illustration
      836 18 AFP PjSETlndei *0.07 STOCKS posted slight gains yesterday as bargain hunting among banks and finances late in the session pulled the index off its lows. Dealers said punters were active in secondliners with sentiment much improved on news that the baht continued to recover. The SET Index was up
      AFP  -  836 words
    • 411 18 AFP D Composite lodei -3JO SHARE prices closed lower yesterday with second-liners meeting heavy profit-taking, dealers said. The Composite Index slid 3.10 points to 679.71. Turnover was 29.9 million shares worth 560.5 billion won. Declining issues outnumbered those advancing 433 to 349, with 127 stocks unchanged. Despite the index's
      AFP  -  411 words
    • 614 18 AFP QU primaries -17.7 SHARES slumped 0.7 per cent yesterday amid fears that an address by US Federal Reserve chairman Alan Greenspan could prompt a rise in US interest rates, brokers said. "It definitely has unnerved some people and there is some profit-taking ahead of tonight," said a broker.
      AFP  -  614 words
    • Article, Illustration
      709 18 AFP n Composite Index *1130 SHARE prices closed 1.6 per cent higher yesterday on buying by foreign investors, dealers said. A dealer with a Hongkong brokerage said he believed foreign investors' confidence had improved despite the approaching general election. The JSE Composite Index rose 11.30 points to 712.61. Turnover
      AFP  -  709 words
    • 285 18 AFP n Manila -13^6 SHARE prices closed lower yesterday as investors ignored blue chips in favour of secondary issues, analysts said. The PSE Composite Index fell 13.26 points to 3,349.82. Turnover was 21.9 billion shares worth 4.12 billion pesos. Philippine Long Distance Telephone fell 15 pesos to 1,565 while
      AFP  -  285 words
    • KUALA LUMPUR STOCK MARKET
      • 528 19 AFX-Asia CI Composite Index 4L20 SHARE prices closed lower yesterday on late profit-taking after recent sustained gains, dealers said. The KLSE Composite Index closed down 6.20 points at 1,265.37 on volume of 931.3 million shares worth 4.9 billion. The Emas Index was down 1.75 at
        AFX-Asia  -  528 words
      • 8196 19 INDUSTRIALS 1997 Lilt Vot Day Met Cap High Low Company Solo 000 High Low P/E Jmll 790 680 Ajinomoto 765 -10 15 790 765 58.4 310.1 448 334 Angkasa 428 8 293 438 428 12.7 631.1 905 750 Apollo F ood Hlg 800 -25 101 835 800 320.0 418 189
        8,196 words
    • WARRANTS&OPTIONS
      • 220 20  -  WARRANT WATCH -By\ R Sivanithy ONE of the more interesting instruments to list here is Goldtron's convertible preference share (CPS) which strictly speak ing, is not a warrant. However, because of a convertibility element built into it, it has warrant-like features, so its inclusion in this
        220 words
      • 3870 20 BONOS, LOANS ft WARRANTS m 1994/1997 LMt Vol Day Last Ouott Avg High lo« stno Company Ml fOOO) Loot Bwyor So*Qf Prteo 68 47 m 3000 m AMOB C5.5H0202I6 65 »0.5 268 68 65 64.5 65 62 39 3160 "Aeof ******1USS 55 *15 88 55.5 54 54.5 55 131 86.5
        3,870 words
    • 2462 20 MALAYSIAN STOCKS Gf Gf 1996/1997 Last Vol Day Last Ouote Otv 01* YM Net M Cap High Law Stna Company Sale COOP) High Law Buyer tePer H C'vr H P/I jmH 625 360 ftwm*KP«v 450 *20 559 478 438 448 450 i!o 4.9 01 92.4 461.6 137 84
      2,462 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1475 21 TUKMOVU COOO) VALUE f OOO) Mate Oat Tatal Cta> Ttn Industrial 40.197 119.928 180.125 14*371 242,099 MfM^O Flnanea 11,536 59.517 71.053 95.025 95.401 MotWl 2.522 9.577 12,099 6.995 30 349 PropartiM 5,225 113.134 n 8.359 28J84 I76J77 *****1 Plantation 19.321 19.321 69.066 69.066 MMno 6.509 6.509 21,506 21.506 ST* v
        1,475 words
      • 4606 21 Gr Of M Wt WBA/M97 Lest Vol Dey Lilt Ouot* Dlv Dh W IW Ca» *3 MMjn low StMo Company Soto COOO) Miqh Lo» Bu*»r So Nor Cvr W Wc INDUSTRIALS 5146 ASE NT$10 200 US- III qo o *23 *3 If II HSSP 45 .70 .68 168
        4,606 words
      • 1064 21 Cr Or M Wt 1996/1997 Last Vat Day Last Ouota CH* Div Y* Nat Ca# Av« mm Lai Hm C—Ip—y «1» fOOO) H» C— fctir Cw M Mw 289 135 a 2000 ABRMId«$S< 165 -3 53 170 165 165 167 3.0 14.2 0.1 103.1 7X4 167 193 66 2049
        1,064 words
      • Article, Illustration
        71 22  -  *J Shiv Tanaja DATAPULSE TECH yesterday hit a 12-month high when it rose 8.5 cents to 72.5 cents on a volume of 6.9 million shares, more than nine times its 10<lay average traded volume. Both daily and weekly RSI and stochastics are past 75, though in the near
        71 words
      • 222 22 jjgtj VotaM •FACBSOc 30,099,000 •Insas Bhd 22,228.000 •Promet 18.270,000 •MBf Hldgs 50c 18,095,000 •Idris Hyd 50c 17.212.000 •MBF Land Bhd 15,103,000 Sin Soon H 10c 14.767.000 •Multi-P W198 12,100,000 •Westmont Land 11,296,000 •Lien Hoe TSB97 9,505.000 Stocks L_ OBS Foreign 48,673.672 •Westmont Land 40,947,680 •Idris Hyd 50c 38,333,630 •Promet 31.230.270
        222 words
      • 638 22  -  STOCK MARKET COMMENTARY M'sian shares traded on Glob plummet in the last half honr of trading on talk of shorter contra period and other trading curbs By R Sivanithy [SINGAPORE] Strong early demand for Malaysian second-liners and other small stocks yesterday gave way
        638 words
      • ON THE GRAPEVINE
        • 119 22 TODAY is going to be a pretty hectic day for local and foreign journalists. At 3pm, the good and the mighty among us have been called upon to attend a press party organised by the Keppel group at the Hotel Inter-Continental. After "tattle over tea" (tea? surely
          119 words
        • 142 22 WE TAKE a bow for resolving one of the biggest mysteries for foreign analysts and fund managers in Jakarta the presence of so many beautiful women at investor meetings organised by local companies ahead of their IPOs. Analysts have often wondered about this phenomenon and some of
          142 words
        • 168 22 THE French are widely known for their fine taste in wine, food, fashion and the arts. High culture is France's biggest export. So you can understand why our eyebrows hit the ceiling when we saw the 1997 cultural programme of the Alliance Franca ise unveiled
          168 words
        • 97 22 HERE'S a snippet from the Far Wide column that Peregrine Securities puts out daily (along with the more boring stuff on regional financial markets): Missed the Industrial Revolution? Well, you can relive it in Vietnam. A report from Hanoi says that "cowboy" companies from South Korea, Hongkong
          97 words
  • Page 13 Advertisements
    • 285 13 Make Your Name Known in the Fast-Growing A/E/C Markets in Asia „mm A/C/C SVSTCMS® SINGAPORC97 The Ist Computer Show for the Design and Construction Industry 14 -17 May 1997 World Trade Centre, Singapore IBUILDtNGi your business is to supply computer software, hardware, accessories A peripherals, engineering document B \CR(K? management
      285 words

  • Page 14 Advertisements
    • 2230 14 THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT OF 1996 FINAL RESULTS SUMMARY QF RESULTS The Directors of The Bank of East Asia. Limited ("the Bank*) announce that the audited results of the Group for the year ended 31st December, 1996 are as follows: 1996 1995 Increase HKIOOO HKIOOO Interest income
      2,230 words

  • Page 15 Advertisements
    • 120 15 mm b We're telling the world about our results. I http://uiuiui.lendlease.com.au I Read all about our results on the Lend Lease Web Site, You'll see an Operating Profit after tax for the half year of Asl6o million (an increase of 14.2%) and an interim dividend of 48 cents per share
      120 words




  • Page 19 Advertisements
    • 66 19 GET UP TO 3.33 TIMES FINANCING WITH A CITIBANK MARGIN TRADING ACCOUNT TOTRADH IN I 111. \Y 11)1 S I LIST Oh" \1 AR( lINAULH SL( IRI lILS L\ LR. CALL .W-7 126 N( CITIBANK* I: k\ 111 s 1 i> I sll w\ > J'» n (t U 11
      66 words



  • Page 22 Advertisements
    • 206 22 BUSINESS Notices XIAIK,ISI (u 1 1 1 ls 7 H STRAIGHT SIX CYLINDER ENGINE Rjl Lines include; Cylinder Block, Cylinder Head, Crankshaft. Camshaft, Connecting Rod. Bearing Cap, Cam Cap HAM and Assembly Lines. The engine is available as a 3.2 and <0 Litre Petrol Engine. El Vl2 ENGINE Bsfl Lines
      206 words
    • 290 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEAT INDUSTRIAL (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap. 50, that the FINAL MEETING of tha mambars of the abovenamed Company
      290 words
    • 28 22 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
    • 123 22 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately.To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or
      123 words

  • SHIPPING TIMES
    • 289 23 Bridge News Reuter THE rate on the key US Gulf-Japan grain run has now been established at U5525.25 without combination ports with 4 cargoes booked at this rate, brokers said. Otherwise trading remained sluggish with details of business done sketchy. The Baltic Freight Index and futures are currently
      Bridge News; Reuter  -  289 words
    • 239 23 N»t« tt Wm»iiiw» u* aot 75 0—|I9» tH -002 414 ratrrfcjiitrmnt—-LW uncji ruiMUrti o»7 *oxn gas Mlfam 102 -04* M WMlM* IM -OuOl 4M MRacNZaaan 0.865 -a005 84 MC IhlOlU HKSjCO 120 *0.05 31 SU*rrard ft.7 5 ♦O.OS M Corf -a» 1*58 Marina LM *OM 2204 HrtaHc* 1-45
      239 words
    • 415 23  -  FAST FERRY DTTL CONFERENCE One way of tapping huge market potential of industry in Asia-Pac region By Felix Chan [SINGAPORE] There is enormous potential for the fast ferry industry in the Asia-Pacific region despite some constraints and problems, and one way to tap this potential
      415 words
    • 373 23 Recent rise dne to strong seasonal demand: report Reuter [LONDON] Tanker freight rates are likely to hold or even edge lower in the next quarter after their recent rise, said independent shipping consultant Maritime Strategies International(MSl) in its latest forecast. However, MSI
      Reuter  -  373 words
    • 285 23 Business Line [BOMBAY] The president of the Indian National Shipowners' Association has called on Indian shipping to keep pace with the growth in foreign trade and boost its share in the carriage of trade. The total freight bill for
      Business Line  -  285 words
    • 618 23  -  NEWBUILDS By David Hughes THE world is certainly changing fast. Only a short time ago anybody suggesting that a US yard would soon be building containerships for mainland China's national carrier, albeit the US-based subsidiary, would have aroused serious concerns for his mental health. Now
      618 words
    • 261 23 Vessel arrives in Kaohsrangfrom Xiamen via Hongkong Reuter [TAIPEI] A Hongkong-owned container ship has made the first quasi-direct passage from China to Taiwan via Hongkong, inching the rivals nearer the goal of direct shipping after 48 years of estrangement. Taiwan's transport ministry said the
      Reuter  -  261 words
    • 252 23 AFP [VLADIVOSTOK] Prosecutors in the Russian far eastern port of Nakhodka plan to launch an independent probe into the tanker spillage which polluted a large stretch of Japanese coastline, the town's chief prosecutor said on Tuesday. Vladimir Sosnovsky said no objective conclusions
      AFP  -  252 words
    • PORTShots
      • 57 23 AFP [SEOUL] South Korea's Hanjin Shipping Corp took over a majority shareholding of DSR-Senator of Germany yesterday. The two firms signed a contract in Bremen, which called on DSR-Senator, capitalised at 100 million marks (S9MB million), to transfer 65 per cent of its equity to
        AFP  -  57 words
      • 69 23 Bloomberg Business News [WASHINGTON] A decision on whether the US will punish Japan's top three shipping companies In response to a continuing flap over access to Japanese ports could come some time this week, Federal Maritime Commission secretary Joseph Polking said. The US
        Bloomberg Business News  -  69 words
      • 76 23 [SINGAPORE] DSL Transportation Services has just re-organised its management at its headquarters in Hongkong and in South Gate, California. The changes were sparked off by the departure of the company's senior founding partner, Phil Clarke, who retired because of health reasons. Jerry Cople, 59, formerly a vice-president
        76 words
    • 1183 24 SEA TRANSPORT: OCEAN TOWS Workhorse tugs daily haul freight barges carrying the staples of modern society petroleum products, grain, wood products, chemicals, construction materials, minerals, and manufactured goods over the world's oceans Around 970 BC, King Solomon of Israel placed an order with King
      1,183 words
    • 277 24 PAGE Eastmal 2 ACL 11 ECL 6 ANL 3 E '3 Able 13 E,h o e« n Accord 12 Eurolians 6 Ahrenkiel 4 Evergreen 6 Appenship 4 1 Astro 3 FL-Bngnt H Austral 11 km* 6 n BSA 7 Batamindo 7 f Gem
      277 words
    • 16640 30 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser VesiH Voya«e Telephone SIN Dest'n Nam* Nam* NumPer Number SIN Destn Name Nam. Number Number To BRISBANE (BNE) 2058 A Queensland, Australia To ABIDJAN (ABJ) 2003 02/03 23/03 Austral cape clevelano v ok/i; *5 *****22 Ivory Coast,
      16,640 words
    • SHIPS IN PORT
      • 685 37 Vessel Voy Mo Bfth Arrtvtl Dggtgi AS1168 ***** JWW1 J20 aiongsK* 27.02/1100 AtaQO Mjru 4 J20 aionqsttt 24.02/0615 Bt Hi Dtcuni *****7 J01 Monqt* 26.02/1800 Bt MM Jav *****7 JOT atongsMt 26 02/2300 9t LHtari *****7 J01 atones** 26.02/1200 ttPaftS«iat *****7 J01 wnstt 26.02/0230 Bt Sur II *****7
        685 words
      • 1827 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booktat/Manc* Rstls SMp Voy No Etb/Btr Porlod From To Frow ha Orm 0241 21/17M 24/1500 24/MM 24/8M a 24/iToo rrntm 27/0*00 J 27/0700 27/181 27/140C 4 27/1200 27/MM 27/T700 /Ma Ami U« (Mm MM IMS* M«H» 21 24/T700 27/04M 27/0100
        1,827 words
      • 207 37 Kara Australia: Trades Labour Day. Mar 17 Australia: Canberra Day. Mar 20 Japan: Vernal Equinox Day. Mju-27 Denmark: Maundy Thursday. Philippines: Maundy Thursday. Mar 28 Australia: Good Friday. Canada: Good Friday. Denmark: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Netherlands: Good Friday. New Zealand: Good Friday.
        207 words
      • 777 37 THIS report, compiled by Cockett Ma rine OU 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
        777 words
      • 477 37 Carton IM Max 993.3 U 17.0 0.13 106 0.08 Fata Density Water NiMm Ask H—t*m SiImiH No abOM £25 I 0 S 3 10 7 %u/u 3t0 AM 994.0 0.5 12.5 0.04 34 0.02 bm 380 Mil 993.7 19 16.8 0.09 S3 0.07 M*r» »IQ< %M/M
        477 words
    • AIR&LAND TRANSPORT NEWS
      • 473 38 Market is small compared to Asia bat region seen as having high growth potential Reuter [ACAPULCO, Mexico] Airbus Industrie considers Latin America to be ripe for the picking from market leader Boeing Co, a top Airbus official says. "I've seen that lately
        Reuter  -  473 words
      • 89 38 [DETROIT] Delegates of the Society of Automotive Engineers conference in Detroit viewing a display that demonstrates the concept of converting petrol into hydrogen, part of Chrysler's petrol fuel cell efforts, on Tuesday. Chrysler will work with Delphi Automotive Systems to create the fuel reforming components that will
        REUTER  -  89 words
      • 265 38 Commission to make decision within weeks, not months Reuter [BRUSSELS] European Union commissioners sent a fresh warning to British Airways and American Airlines on Tuesday that the EU would not close its eyes to their proposed mega-alliance but said a decision
        Reuter  -  265 words
      • 288 38 Reuter [NEW DELHI] There have been six near-misses over Indian skies in the three months since the world's worst midair collision near Delhi in November, Civil Aviation Minister C M Ibrahim said on Tuesday. Mr Ibrahim said in a written statement to the
        Reuter  -  288 words
      • 237 38 [MANILA] National carrier Philippine Airlines will receive 16 new planes this year from Airbus Industrie of France. The airline said late last week that the new acquisitions are part of PAL's US$4 billion (555.6 billion) reflecting and modernisation programme and will
        237 words
      • 235 38 DPA [LONDON] The British government on Tuesday signalled another major sell-off with plans to privatise the cashstarved London Tube, the world's oldest underground network. Making the long-awaited announcement in the House of Commons, Transport Secretary George Young said passengers have nothing to fear and that
        DPA; FILE PHOTO  -  235 words
      • 248 38 AFP [LONDON] The privatisation of the British rail industry, one of the most controversial sell-offs by the country's ruling Conservatives, neared its end on Tuesday with the award of the Scottish rail franchise. National Express, a longdistance bus operator, won the bidding for a
        AFP  -  248 words
      • 271 38 Reuter [WASHINGTON] With free market aviation efforts moving ahead in Europe and Asia, US negotiators are now turning their attention to Central and South America, a senior Transportation Department official said on Tuesday. Patrick Murphy, deputy assistant secretary for aviation and international
        Reuter  -  271 words
      • LOGBook
        • 82 38 [ORLANDO, Florida] Delta Air Lines' low-fare carrier Delta Express begins accepting cargo for shipment on all of its flights this week. 'This presents an excellent opportunity for customers to utilise our 128 daily nonstop flights from north-east and mid-west cities to Orlando and four other
          82 words
        • 70 38 Reuter [FRANKFURT] Lufthansa AG, hardening its stance a day before the results of a strike ballot by pilots and flight attendants are released, said on Tuesday it would not change the pay offer the union has already rejected. n»e German airline said the "overwhelming majority"
          Reuter  -  70 words
        • 81 38 AFP (TOKYO] Japanese Prime Minister Ryutaro Hashimoto 3 and Oman's vice-premier, Fahad Mahmoud al-Sald, agreed on Tuesday to start government-level talks on acivil aviation pact between the two countries. In an hour-long meeting, Mr Fahad accepted Mr Hashimoto's propoeal to begin the talks as
          AFP  -  81 words
      • 1621 38 CUT FLI8MT ETA FUSHT ETP Ho CM Mind VN741 1310 S0172 0930 Aba Dhabi BY619 2025 SQ171 1420 VH740 1410 MMi. S0230 «I5 0FS2 2050 1925 S0I74_J4I5 0FS1 1930 Hong Kong UA805 0105 UA806 0600 Amsterdam KL843 0550 KL834 0025 "J® 0L25 0700 KL838 2335 "55
        1,621 words
  • Page 23 Advertisements
    • 16 23 Porto's of the sea Workhorse tugs daily haul freight barges over the world's oceans. Page 2
      16 words
    • 190 23 Airbus eyes Latin America Market is small but region seen as having high growth potential. Back Page v«i»y ISM TRAINING COURSE Due to the great success of the previous courses, Bureau Veritas is scheduling another ISM Training Course to assist owners in understanding "The Code" and preparing their Companies for
      190 words

  • Page 24 Advertisements
    • 145 24 v IV I r\ LIIIL I JJvJ (J/ I IL LIU IVIHLHI oIH INUUNtdIH ?9hO,?J NYK AGfNCHS iMi SUN RHU PI MYK t INF INOONISIA BK fA* ?9??856 (MKTG) ?93/109 IOPSI KUAIA lUMPUR 0? 03 ?9?0766 I/ 1 iNI Si JAKARTA -O.M IJ90V1? MUI INI Si JL Jmn\£ ?WS/8b IOOCUMt
      145 words
    • 17 24 TAIWAN TO SINGAPORE WEEKLY L.C.L. SERVICE TEL: *****36 FAX: *****51 As Agents: QUESTOR CARGO EXPRESS PTE LTD
      17 words
    • 7 24 Singapore Business Giving you the winning edge
      7 words
    • 243 24 Li o B services representee ZljfßkVy by Members of the Registry of uMSjfiKy Accredited Shipping Agents, Spore National Shipping Asso tJ Singapore Freight Forwarders V Association. Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 T* TSKLINE AGENCIES (S) PTE LTD gS|g
      243 words

  • Page 25 Advertisements
    • 1123 25 I PACIFIC SOUTH WIST EXPRESS (DIRECT) AISO ACCEPTING MANAUS ypsa voy na swtn sweid lax dm mem or nyc aji hou not sea tflPWtmgS QUI 24/02 26/02 27/02 14/03 U/03 19/03 19/03 20/03 20/02 19/03 19/03 21/03 AftOtA Ql6£ 02/03 05/03 06/03 21/03 25/03 26/03 26/03 27/03 27/03 26/03 26/03
      1,123 words
    • 2402 25 0 HANJIN SHIPPING USA CANADA* juNimu/voT mm s* sa Ipoilttw [TOflCHi|pn|D«|ftt|rM wkm 1 »os >rr< cwtr m I rrz Irm m nc~[ nmwcotii 24/02 27/02 20/03 22/03 21/03 23/03 23/03 25/03 22/03 25/03 24/03 ?s/03 ""25/03 20/03 24/03 22/03 it/oT~ 24/03 h/m m/03~ h. Tokyo 0201 05/03 04/03 27/03 w/03
      2,402 words

  • Page 26 Advertisements
    • 1638 26 rr DSR-SEMATOR jSISb Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT VESSfI IvOY ISIW I RTW I SWV I H«M I HJ< «T LH» I VttgL VOY IIHA HTM WW H«M fU MtT SW CHOYANG CNMCt WF7I2 (103 Mil 22 tt 2) 13 24 03 2S 03 27 03
      1,638 words
    • 1273 26 I NORASIA I VESSEL VOY [sm PKL GOA LAS BCL VAL ALG ROT ANT FEL LMA NOR SHANGHAI 9708-3 M.03 0803 2103 23/03 22.03 3003 3103 ***** 28/03 2MB 29,03 MSCALEXA 9709-3 13,10 1403 28.03 3(103 2403 OMM 07AM 03 04 04AM 04,04 05/04 MSC CAfILA 9710-3 1803 20,03 0404
      1,273 words
    • 79 26 SOUTHERN LINE iSulisiilun <>l M.imliiik lrans|)i>rl (ii'iiiTjl V^i'iii: SOI 1111 RN /111 N (.1 N( ||s |> 11 I II) Id \nvui Koari c2'M I liitrni.itiun.il I'la/a N|wri l (TWO* lil: ISX XXX 9 I a\: 12} 11\: Kn M,\| I Veisel/Voyog* Stogap<Ke Port Kelonq loem Chobonq Bangkok TEL: *****13
      79 words

  • Page 27 Advertisements
    • 1341 27 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore *****5 Tel: *****88 Fax: *****17 SAiAH I BRUNEI CONVENTIONAL SERVICE HO CH» HINH FULL CONTAINER SERVICE Ivissa voy s* mi* a vtssit vov n* six (sad etaho>guts) smnssro Ys/ost n/n 04/ m os/m o»inn mmov V9709N oi/Q3
      1,341 words
    • 1866 27 p—, ACCEPTING 3 SAILINGS PER WEEK FOR SINGAPORE EUROPE SERVICE SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****0* OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD #17-08DBSBLDG SALES/BKGS *****41/43 INWARD DEPT (D/O) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWER TWO (*****9) CONVENTIONAL
      1,866 words

  • Page 28 Advertisements
    • 158 28 r 0 EVERGREEN 1 Full Container Service PTW SHIPPING (S) PTE LTD M SIA Agents: GREEN PENINSULA AGENCIES SDN BHD 333 JALAN BESAR SHAH ALAM TEL 03-*****66 FA* 03-/*****6 SINGAPORE *****8 KUANIAN TEL-09-*****66 FAX. 09-*****16 BKG DEPT DID: *****62 *****63, *****64 PORT KLANG (TERMINAL) TEL-03-*****66 'A* 03-*****6 INBOUND GENERAL ENQUIRIES:
      158 words
    • 459 28 r UIMIGLORY LINE Full Container Service ARABIAN PERSIAN GULF S€RVKE HONG KONG SERVKE I 1 I 1 1.' "Ij L I u i-T if 1 i* I i' jIJJ^^ISLLXLILIX-'^X'^B JAPAN SERVICE MANILA SERVICE MALAYSIA SERVKE rrrrr—— Trtrry^^Tr^^Tr^^TTT^TT^wnrTM^Tr^BT^Tyry INDONESIA SERVICE dSZSHIHHRXZZiI^KIiLHEZi^KII^HEI^HZ^HEIin^^^HHCiiZM^Hni^EIXEI^HE^HEZj^I LAEMCHABANG SERVICE RTW SHIPPING (S) PTE LTD M SIA Agents:
      459 words
    • 447 28 NANTAI LINE FULLY CONTAINERISiD SIRVKI TO MAURITIUS SOUTH AFRICA VESStI I VOT I m 1 001 munm oik 04/03 12/03 it/03 20/03 WOBli 013S 14/03 24/03 29/03 02/04 NAMTAIPtIIKESS OI3S 25/03 07/04 11/04 lUMTAI QUEEN 019S 02/04 11/04 1 5/04 U/04 NAUTAIPWIKE QMS 09/04 27/04 24/04 NAMTAI VENUS 019S 22/04
      447 words

  • Page 29 Advertisements
    • 720 29 BSA n. M MYANMA MBk FIVE STAR LINE (Myaaaor National Line) v > Loading far Yangon (Rangoon) VUSU VOY SIM NC f9 NU AVA 139W IN r aw mow haw 3w inn MALAYSIA AG! NTS: lOUSTUO SHIPPING AGfNCKS KUL Ttt 02-03-*****44 PKL: TO 02-03-*****01 Kit TO 02-04-2****** PGD: TO 02-07-*****21/4
      720 words
    • 1004 29 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 piu pm POO YtSSII VOY SM UN IYM ANT HAM Ml V/ii V/ii 01/43 HY. HIGHWSS 303W 02/03 11/03 20/03 22/03 22/43 22/43 25/03 06/03 06/03 04/03 NY. lAROM IOSW 01/03 26/03 27/03 29/43 21/43 21/43 41/44 13/42 13/42
      1,004 words
    • 590 29 FAMOUS CONTAINER LINES JIBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) Accepting />/ shipment to 1 EUROPE/ T) MEDITERRANEAN 7 SCANDINAVIAN Mj f ports daily C® j Cingdoml JB 1 I Poland V France We make Sure Our Standards Never Change For more details please call
      590 words




  • Page 33 Advertisements
    • 498 33 Weekly LCL A FCL gCaBM I 1 Services to Caribbean ft hipping Central America MABBK HOUSTON SEA JAK 9704 613E Port Country 02/03 09/03 BeJ.ze City Belize 05/04 '2/04 Bridgetown Barbados 08/04 5/04 Cartagena Colombia 07/04 14/04 Castries St. Lucia 07/04 14/04 Fort de France Martinique 08/04 15/04 Freeport Bahamas
      498 words
    • 1264 33 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 Cecil Street, #12-00, PIL Building. Singapore *****0 TEL: *****21, FAX *****19. TELEX RS ***** ACLPL CR NO. **********0E BANGKOK II JAKARTA I (5 Swlimp/wm* lo PAT. 3 Slllny to BMT, 2 Sailings to LCH) (4 WMnm/WmM MN VKSa I VOY «N
      1,264 words
    • 824 33 CR NO: **********0Z VESSELS VOY SIN JED PSO LEH HAM RTM TMP ANR VILLE DC LIBRA LI9W 03/03 12/03 14/03 23/03 24/03 26/03 27/03 26/03 VILLE D* AQUARIUS UI9W I<*o3 19*03 21/03 3*03 31/03 02/04 03/04 04/04 VXE OAQUR-A ~AI9W 17/03 26/03 28/03 06AM 07/04 09/04 10/04 11/04 VILLE oe
      824 words

  • Page 34 Advertisements
    • 1456 34 pul international une I^—PU^NTERNATIONAL ANQKOK PT KELANQ hi,cwwMi«#*dFe*.s«n*«• Okdt*•-«■ e.«id«s*|»ktww*. fW 1SI "7 1 I r^rfsh|^wSt«^.Aß^Sof(»(Br|/l»tof*.rf<««taVESSEL VOY SIN BKK VESSEL VOY SIN PKL fa rt«73.. T XETHA BHUM IflON Thu lln Pt Sun 02/03 BUNOA SEROJA 7043 Thy In* Fri 2i/02_ IAIUUtTA (UTC 1) 4 SIGS/WK RATHA BHUM 148N Sat
      1,456 words
    • 589 34 /ICCORO A SHIPPING PTE LTD TIL *****56 (40 Line*) FAX *****46 KmUAMC (03) WlOOl /g DIRECT ACCESS TIL *****57 (EXPORT ROOKING) HSM GUDAMC (07) 3SI 11/7 *****87 (EXPORT DOC), *****64 (IMPORT) niUMC (04/ *****40 URL;HTTP://WWW.ACCORD.COM.SO lAULKU (11) 440 OJ7O POUT IT* SIM POUT ITA SIN PORT ITA SIN PQtT ITA
      589 words

  • Page 35 Advertisements
    • 312 35 SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE iBINOTRANSI f J S (*****7). TEL: *****90 FAX: *****98 ,> TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN 1 ETAHKG ETA SHA 0. GLORY 9706 CANCELLED G. WELL 9706 07/03 12/03 16/03 G. LUCK 9706 14/03 19/03 23/03
      312 words
    • 413 35 A« MAC-NELS S PORE M SIA Carrier MN CONTR LINES, INC I 2 J aw MO: 1200C*****08 S»lh (064) *****9 MANILA: (632) *****61 X J PENANQ: (04)*****6 BANGKOK: (662)*****67 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKT (21) *****07 MOW: (61) *****3 SYDNEY/MELBOURNE MV "KOTA HADIAH" V.HIAOOI ETA SIN 1 -3-97
      413 words
    • 297 35 I SEA GRACE 20/02 RdnVAtw/UK/Nan I I OCEAN ISLAND 28/02 10/03 RdnVAtwAJK I Loads E7W. Malaysia. Indonesia I- Loading for C. GLORY Dubai/Damman/Kuwait I HAPPY DAY ADAMASTOS Aden/Hodeidah/Jeddah/Pt. Said I CARAVOS EXPLORERS Dubai/A Dhabt/B^vatn/DammarVKuwaftl 'Loads Singapore, EJW. Malaysia. Indonesia I I Loading for I OCEAN FRIEND Los Angeles/New Ortean/CnariestorV I
      297 words

  • Page 36 Advertisements
    • 439 36 Shipping Times business Centre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. rjfc Qll 740-6000 Press "1"& key in Document Code Key in
      439 words
    • 337 36 ouTo Products Services Turnkey Factory Automation System Automated Storage and Retrieval System Automated Guided Vehicle System (AGV) jSj§ Engineering Services u >,** i *lfra»r! w "A»'•'' I j i J \i *jimlv Multi-storey warehouse Tuas Awwwe 13 10,000 square metres currently available (1,800 to 2,000 square metres per floor) Close
      337 words

  • Page 37 Miscellaneous
    • 131 37 LEGEND: R Thunderstorm Temperoture c X\ V Shower Weother _X Wind direction with speed in knots Rom \~S Cloudy Sky Wove Surface winds or* indKoted by arrows which fly with the wind One ful c«xle represents calm or light ond variable winds 1 One half Heche represents 5 knots L—►
      131 words