The Business Times, 11 April 1997

Microfilm: NL20874
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85e SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, APRIL 11,1997
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  • Article
    MARKET SUMMARY
    64 1 srn 3067.27 (-15.93) OBT-SBI 902J0 (-10.40) rjBTCOMP Wm 2NOJ7 (-24.91) nWJBA mm H»4JM (-14.28) mm MARKET MOOD: lb* Down grOdUKCTBroKES Thursday Change Kl-SECOMP 1,147* IMS NIKKEI I7,486l7S -217.12 HAN08ENG __.ttJB8.7l -47 J8 SET INDEX 71MJ *17$ JAKARTA COMP-JMJC 2jM MANILA COUP 02 +W72 TAIPEI WP! _j 8,684.12 -7L7I
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  • Article
    FINANCE
    72 1 snaum bates us* St US* LU8 S- 1.626 UK DM tin UN YEN IM 0.7W 1.140 Ml Om 1-674 HKS ll» 18M BAHT 1.498 0.066 wmAnm 0.012 MM P1IXE BATES SINGAPORE* 144 KOALA LUMPUR. 9.25 JAKARTA 18.00 BAM1KOK 13.25 MANILA 11M HONGKONG &S0 TAIPEI 9 3& SYDNEY 6.00 TOItl®
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  • Article, Illustration
    Lock icon Bankers Trust in surprise Tokyo tie-up
    539 1  -  Landmark deal by Nippon Credit Bank seen as prelude to similar moves by other banks From, Anthony Rowley in Tokyo IN AN unprecedented move for a Japanese bank, the ailing Nippon Credit Bank (NCB) yesterday announced that it would form a "business alliance" with
    Source: Bloomberg  -  539 words
  • Article, Illustration
    Lock icon February industrial output down 5.5% for 4th successive fall
    467 1  -  By, Jennifer Lien [SINGAPORE] Manufacturing output continued to slide in February, falling 5.5 per cent on weak electronics demand. This was the fourth successive decline in manufacturing output, but the figure was slightly better than January's 6.9 per cent drop. Manufacturing
    Source:  -  467 words
  • Article
    Two companies fined for illegal advertising on Internet
    494 1  -  Condom, lingzhi ads believed to be among first to fall foul of law By Catherine Ong [SINGAPORE] The Ministry of Health (MOH) has fined two companies for placing advertisements on the Internet which flout Singapore's medical regulations. They are believed to be
    494 words
  • Article
    S'pore hand in nearly all major Asian hotel deals
    559 1  -  Transactions valued at over USslb in D 6; active players include CDL Hotels and 6IC By Ang Wan May [SINGAPORE] Singapore investors accounted for almost all of the nutfor hotel transactions in Asia last year, valued at more than US$l billion
    559 words
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      143 1 PI SIDE vJfl I j J| US dfiOir laws grip The greenback hit a low of 125.79 yen in Tokyo following the Japanese finance minister's comment that the fail of the yen is excessive, Pf 8 The art «f nOiag Bates hopes to revive a theory on selling published by
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      Page 1 Advertisements Column 2
      61 1 UJ M l lvwHl\ v\% i fuH I B 11| U I} 1 i\ v- Jl 111 in 1 1 1 Mr J if Tfflfl 1 m'iH *&&'■'>'■ :-.■> "zzsZiSilw*3Bk 1 If The Alfred Dunhill 1997 Spring/Summer Tie Collection. Indispensable for the immaculate traveller. VISIT ALFRED DUNHILL AT RAFFLES HOTEL
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Low-key OG to go upmarket
      709 2  -  Retailer will be anchor tenant at Great World City; plans more shops By* Jenny Lam LOW-profile retailer OG, one of Singapore's oldest department stores, plans to open more and bigger stores and to upgrade its existing outlets. For starters, the Tay family who owns the
      ARTHUR LEE  -  709 words
    • Article
      3Com may make US Robotics products in S'pore
      225 2 NETWORKING giant 3Com's acquisition of modem giant US J 1 Robotics could result in theg manufacture of US Robotics products in Singapore and more sales of such products in Asia. This was disclosed by 3Com chairman Eric Benhamou, who was a keynote
      225 words
    • Article
      AIA confirms no cut in bonus rate
      299 2  -  NTUC Income expected to make announcement Byl Soh Tiang Keng AMERICAN International Assurance (AIA) yesterday joined fellow Big Four insurM company Prudential in rming not Great Easter%J*ife nus rajtes. AIA said in a statement that it "will maintain current bonus rates for existing
      299 words
    • Article
      Income to open branch at Nanyang Poly
      335 2 Apart from usual business role, centre will also help train insurance students NTUC Income yesterday signed a partnership agreement with Nanyang Polytechnic (NYP) to set up an insurance services centre at its Tiong Bahru campus. The centre is Income's first branch at the
      335 words
    • Article
      US firms can use S'pore as regional base, test-bed: DPM Tan
      225 2 SINGAPORE can act as a regional base and test-bed for US firms to launch their products into the Asia-Pacific, Deputy Prime Minister Tony Tan said yesterday. And US firms in alliances with local partners can tap "our familiarity of
      225 words
    • Article, Illustration
      Lock icon Job ad volume dips again
      335 2  -  EYE ON THE ECONOMY Jobs By] Lee Kee Yeng THE volume growth of recruitment advertisements in local newspapers is back in negative territory after the whopping 30 per cent jump in February. Last month, total job ad volume fell 9 per cent year-on-year, reflecting the
      Source: S'pore Press  -  335 words
    • Article
      Phone breakdowns costing us business, say travel agents
      359 2  -  Others say they're just inconvenienced by Orchard Exchange problems By' Teh Hooi Ling THE recent bouts of telephone service disruptions in the Orchard Road area have meant some loss of business for travel agents. For Holiday Tours Travel, the disruptions have "resulted
      359 words
    • Article
      Collective sale for Arang Court
      177 2 ARANG Court, an apartment development in the Upper Serangoon Road/Lorong Chuan area, is being put up for collective sale by its 48 owners. The successful bidder for the 121,000 sq ft site will also be able to buy an adjoining 26,500 sq ft site at
      177 words
    • NEWS Roundup
      • Article
        SM Lee to speak at FEER conference
        59 2 SENIOR Minister Lee Kuan Yew will make a keynote address at the Far Eastern Economic Review's annual Countdown to 1997 conference which will be held at the Conrad International, Hongkong. Governor Chris Patten will make a major luncheon speech at this year's event,
        59 words
      • Article
        Lock icon Tang Liang Hong files 2 appeals
        103 2 The Straits Times LAWYER Tang Liang Hong has filed two appeals against decisions in the defamation suits brought against him by People's Action Party leaders. He appealed against Justice Lai Kew Chai's decisipn not to disqualify himself from hearing the cases and Justice Goh
        The Straits Times  -  103 words
    • Article
      20% of new shopping centres may be unfilled
      643 3  -  Mature market blamed for situation at Marina Sq, River Valley, Orchard Sd By, Ang Wan May NEW shopping centres in Orchard Road, Marina Square and River Valley are expected to open this year with unfilled shop spaces, going by retailers' interests in
      643 words
    • Article, Illustration
      Nokia to boost its Asia-Pac marketing
      359 3  -  By Teh Hooi Ling NOKIA Mobile Phones is stepping up its marketing campaign in the Asia Pacific, with the plan being to spend "tens of millions of dollars a year" to build up its brandname in its fastest growing market. A chunk of the
      359 words
    • Article
      Online commerce: report in 9 mths
      232 3  -  Committee, headed by MAS, looking into legal issues By' Toh Han Shih A COMMITTEE tasked with determining if new laws are needed to regulate electronic commerce is expected to make some recommendations within the next nine months. The committee, headed by the Monetary Authority
      232 words
    • Article
      Mission to explore Latin American markets
      254 3 IN a bid to explore and identify new business in emerging markets outside this region, the Trade Development Board will be conducting a multi-sec-toral mission to Brazil, Argentina and Chile from Sunday. The 14-member mission is led by TDB chief executive officer Barry Desker.
      254 words
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      Page 2 Advertisements Column 1
      190 2 Empower your Finance Manager. Authorise him to upgrade to Real-Time Accounting. Trust his professional judgement. He wants to do his job better. He is keen to monitor the company's financial health on an ongoing basis, as sales take place and collections come in. He has been dedicated to his job
      190 words
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      Page 2 Advertisements Column 2
      37 2 |The Closer You L( '^^JB >sageq fof reservations ptfmt contact Sum City Mo'f-I v SPS Tt« F-tv Reservations S. HonqKonq 800 8563 Indonesia 001 805 feS 7325 Malaysia 800-1184 Siam City Hotel Smqapore 734-1757. Taiwan 00 80-65-10%
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      Page 2 Advertisements Column 3
      54 2 in r industr al afr-cpnd[fiojv ng> 1| Lapld— U— L .Jt' p Mrtf Hitadn Plant K i 10 Aifcon Rofad #l!2a#lniep*ioikl PlaiiSingaponc 07»03 Tel: 22{066p| Fafr 224 B^sB] No 1 OFFSHORE COIVIPAIVIY SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA Tel: (65) *****82 Fax: (65)
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      65 3 I w —i Christofle Paris SS2I3 Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Chriitoflr. Robiasons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Itctaa Scott* Level 4,350 Orchard Road, Shaw House, Singapore *****8. Taagi Basement, 310 k 320 Orchard
      65 words
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      Page 3 Advertisements Column 2
      58 3 I l' •t HS4|k^^Bß9RK^ I -k Jv> 1 LE TEMPS CHANEL I PREMIERE COLLECTION STEEL MODEL CHAIN BRACELET INTERLACED WITH LEATHER CASE WATER RESISTANT TO 30 METERS I SCRATCH PROOF SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIQUES: I NGEE ANN CITY. 391 ORCHARD ROAD. SINGAPORE TEL: *****20
      58 words
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      Page 3 Advertisements Column 3
      9 3 Not too late to learn the samba, Pg 13
      9 words
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  • FOCUS: ADVERTISING & MARKETING
    • Article, Illustration
      The Bates essence of successful selling
      413 4  -  By i Clarissa Tan [SINGAPORE?!* Businesses, marketers and advertising agencies wrestle with the question all the time what exactly makes a good ad? Co-founder and former chairman of Bates Worldwide Rosser Reeves thought he had the answer when he published Reality in Advertising in
      413 words
    • Article
      DHL Jumbo delivers top award
      235 4 [SINGAPORE] Making elephants fly has won air express company DHL the Singapore Marketing Award this year. DHL International (Singapore) was presented with the award, organised by the Marketing Institute of Singapore (MIS), last Friday. The company was given the honour because it had dis- played
      235 words
    • Article
      Handicraft, stationery fair targets trade sales
      478 4 [SINGAPORE] If you fancy Turkish handicrafts made of hazelnut tree twigs, or would like some Mauritian model ships carved from wood, you could pop down to the coming Asian International Gift, Handicraft and Stationery Fair. To be held at Suntec Centre, Apr 22-25, the
      478 words
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      Page 4 Advertisements Column 1
      72 4 Nj ra PIERRE J? CARDIN v#*. r>,' t r I k m I 19 K1 'I' V M m t I mm m m M I I I I m PC/03 SELECTION pierre card in cw~ Os'iiiwidunq /m H The FIRST Pierre Cardin's furnishing store in the world In Singapore
      72 words
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      Page 4 Advertisements Column 2
      311 4 "Do You Have an Internet Strategy? A T o matter what field Internet will change the way you do business. It's essential have an Internet strategy because the company that |H|| successfully exploits the opportunity will have decided i advantages over the competition higher productivity, better collaboration, and powerful new
      311 words
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  • Page 5 Advertisements
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      296 5 igWjafaflgfo i'\ 11 1 iij! T' fr^rllfHfrrTr* Is&xiie&A& kjK&kiy^'i'm i>i iTitTii'i) i ~\r fll ,y^ E^y\/r^^ 7y 1 rrtWt'" :^OiTl t iisi t r I V Singapore Science Park I II Innovation Centre Teletech Park Techplace I II Techpoint Kaki Bukit Techpark I II Techlink Tuas Techpark Corporation Place UE
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  • SOUTH-EAST ASIA
    • Article
      BOT disputes Moody's rating
      588 6  -  BANGKOK Thai central banker says SAP's call more realistic as it gives a more dynamic view Harish Mehta A THAI central banker disputed the downgrading of his country's sovereign debt and criticism of the economy by Moody's Investors Service, and pointed to an earlier rating by
      588 words
    • Article
      Lock icon Thai economic woes short-term: ADB
      150 6 MANILA AFP THAILAND'S faltering economy is a "short-term" phenomenon and it should be able to adjust and resume a high level of growth, Asian Development Bank (ADB) president Mitsuo Sato said yesterday. "Some countries in East Asia have had economic growth rates (of) 8-10 per
      AFP  -  150 words
    • Article
      New Indon rules on small loans worry foreign banks
      411 6  -  JAKARTA Their infrastructure is not geared for lending to small businesses By\ S N Vauuki FOREIGN banks operating in Indonesia are concerned about a new central bank directive making it mandatory for them to lend to small businesses. Analysts said foreign
      411 words
    • Article, Illustration
      Lock icon Tintin in Vietnam?
      60 6 [HO CHI MINH CITY] A young schoolgirl looking at a rack of Tintin books at a store in Ho Chi Minh City yesterday. Even though none ofHerge's classic Tintin adventures were actually set in Vietnam, local entrepreneurs have tapped into a booming business in "Tintin in Vietnam
      REUTER  -  60 words
    • Article
      Body found in jungle may not be Guzman's: report
      328 6  -  BUSANG GOLD SAO A Autopsy showed the teeth didn't match his dental records From S N Vasuki in Jakarta THE mystery surrounding the apparent suicide of geologist Michael De Guzman, a key figure in the Busang gold saga, has intensified. Speculation
      328 words
    • Article
      Lock icon Blackout hits KL district
      120 6 KUALA LUMPUR AFP A POWER outage struck Kuala Lumpur's major shopping district and nearby office buildings yesterday afternoon but the electricity authorities vowed to resume power supply by late evening, officials said. The blackout was caused by the failure of an 11 kilovolt cable at 1:20
      AFP  -  120 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      103 6 A Central London Investment Opportunity U. I I i 011t rfp n ■HHHHI rt. r 8 mif- firjl I HSS '"fll 2S 1 tjfrf' 1 i **L f *U 1 rl±ru v HT I .jrr i ,V*< i j I', 11 ay «w i «<■ Hs- <h ii Jlfc Lj
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  • CHINA – HONGKONG TAIWAN
    • Article
      Taiwan refiner in deep water again over major oil spill
      379 7  -  TAIPEI Leak in Chinese Petroleum pipeline floods hundreds of hectares of farmland By] Bruce Cheesman THE tribulations of Taiwan's accident-prone Chinese Petroleum Corp (CPC), the island's main refiner, continued yesterday with a major oil slick covering hundreds of hectares of
      379 words
    • Article
      Lock icon Proposals won't curb freedom, HK told
      186 7 HONGKONG AFP A SENIOR official in Hongkong's future government, Elsie Leung, yesterday rejected criticisms that plans to restrict political parties and demonstrations were to curb civil liberties. Ms Leung, who will be secretary for justice after July 1, told reporters that the proposals would
      AFP  -  186 words
    • Article
      Lock icon Formosa vows to pursue China project
      323 7 TAIPEI Taiwan group willing to wait a year for Taipei to okay USs3b power project Reuter FORMOSA Plastics group pledged yesterday to build a controversial US$3 billion (554.2 billion) power plant in mainland China, even if it has to wait a year for Taipei's
      Reuter  -  323 words
    • Article
      Lock icon Call for crackdown in China's building sector
      255 7 BEIJING AFP VICE-CONSTRUCTION Minister Tan Qinglian has called for a crackdown on corruption in the construction industry, which he blames for recent buUding collapses, the official China Daily said yesterday. The paper also said there had been 15 deadly collapses in the past
      AFP  -  255 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      314 7 I Dzjii-s lime, im I om>nor MAMHt" >TEtSTCT!M HA The International Boating Showcase I Sr for the Southeast Asia Region I I TW It—Hid NUriM Hm lataraatiaaal Fbktoj [qiipint I far Ifca Asia Padfk Mariaa mi Sapflas EaUUMn far to Ma Idglt) Saalfcaart Ada lafiaa 1 tmammm craft watw spoiti
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      Page 7 Advertisements Column 2
      169 7 If it's not for the ICE 'N' WATER dispenser, you would probably mistake it as a cabinet. flntana Refrigerator Freezers Presenting the totally built-in look by It's little wonder then that Amana is the leading brand |Wfl j j) Amana the only American refrigerator in Europe for American refrigerators used
      169 words
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  • ASIA
    • Article, Illustration
      Lock icon United Front, Congress talks break down
      525 8  -  NEWDELHI The Front refuses to accept Congress condition to remove Premier Gowda Yogi Aggarwal IN A day of hectic developments, the possibility of a reconciliation between India's ruling United Front (UF) and the Congress Party receded dramatically. But informal talks were still expected to
      REUTER  -  525 words
    • Article
      Lock icon Indian govt faces confidence vote today
      242 8 NEWDELHI Reuter A VOTE of confidence in Indian Prime Minister H D Deve Gowda's government, to be taken today, will pass if it gets a simple majority of legislators present and voting. The parliamentary session for the test of strength is scheduled to begin
      Reuter  -  242 words
    • Article
      Lock icon US dollar drops to 126.09 yen
      368 8 TOKYO Greenback touches low of 125.79 yen as Tokyo says yen's decline is excessive Bloomberg AFP THE dollar dropped sharply against the yen after two senior Japanese policy-makers said yesterday the Japanese currency's recent decline against the dollar was "excessive". Finance Minister Hiroshi Mitsuzuka
      Bloomberg; AFP  -  368 words
    • Article, Illustration
      Lock icon Silent notes
      43 8 Reuter [TOKYO] A sculpture of a man playing a piano sits on top of a Tokyo office building at twilight on Wednesday. The sculpture is set on the roof of a piano transportation company next to a Tokyo expressway. Reuter REUTER
      Reuter; REUTER  -  43 words
    • Article
      Lock icon China set to choose economy over arms
      340 8 WASHINGTON Bering will rely on growth to achieve aims: US report Reuter CHINA is expected to continue to emphasise economic growth and modernisation rather than military might as a foundation for national greatness, a US Defence Department report said on Wednesday. According to
      Reuter  -  340 words
    • Article
      Lock icon China says it won't bow to Western values on rights
      348 8 BEIJING AFP CHINA yesterday warned it would never accept a Western value system and stood firm against all criticism of its record at the UN Human Rights Commission in Geneva. "Whether China has made sufficient progress or not in the
      AFP  -  348 words
    • ASIA Notes
      • Article
        Lock icon India reviewing broadcasting policy
        57 8 Renter [NEW DELHI] The Indian government said yesterday that It would consider proposals for foreign investment in the information and broadcasting sectors after a new policy, currently under the review of the Ministry of Information and Broadcasting, is announced on the subject It did not specify
        Renter  -  57 words
      • Article
        Lock icon Taiwan to develop anti-missile missile
        74 8 Reuter [TAIPEI] Taiwan will develop an anti-missile missile to bolster its defences against rival China, a newspaper run by the ruling Nationalist Party said yesterday. Preparatory work on the Sky Bow 111 system has begun at the military's Chung Shan Institution of Science and Technology,
        Reuter  -  74 words
      • Article
        Lock icon Politicians to be quizzed in Hanbo case
        60 8 Renter [SEOUL] South Korean state prosecutors will summon for questioning today three senior politicians named by the founder of the stricken Hanbo Group as taking his money, a prosecution official said yesterday. Kim Deog Ryong, a teaming niHng party lawmaker and member of
        Renter  -  60 words
      • Article
        Lock icon Russia bits US over missile sale to Seoul
        94 8 AFP [SEOUL] Russia launched a counterattack yesterday on US pressure on South Korea to buy Patriot ground-to-air missiles In place of cheaper Russian alternatives. "I hope that our Korean friends will excuse the US minister for, from my point of view, a
        AFP  -  94 words
      • Article
        Lock icon US presence a must: Japan defence chief
        63 8 AFP [TOKYO] Japan's defence agency chief. Fumio Kyuma, said yesterday that the military commitment of the US was necessary for peace and stability in the Asia-Pacific region, Jiji Press reported. Mr Kyuma made his remarks during t«lk« with US Joint Chief of Staff
        AFP  -  63 words
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  • FOCUS
    • Article, Illustration
      Lock icon Aussie banks: Foreign buyers have to move fast
      868 9  -  As soon as one major bank falls under foreign control, the other three likely to be off-limits From Russel Baker in Sydney IN AN effort to stimulate competition in Australia's banking sector, Federal Treasurer Peter Costello is offering foreigners the chance to
      FILE PHOTO  -  868 words
    • Article
      Lock icon Payments system set for shakeup
      592 9 Opening the market to non-banks will draw many different players Reuter [SYDNEY] Australia's plan to open the nation's payments system is seen opening the way for foreign financial giants, telecom groups and retailers into what had been a cosy market, analysts said yesterday. The Wallis
      Reuter  -  592 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      194 9 ID he n the glass contains champagne, it's a regular long weekend. IDhen the bathtub does as u?ell, it's at The Ritz-Carlton. ijjr' A mild exaggeration, perhaps, ifonly to prove a point Kallang Bay View Room. Or elevate yourselves to a Our accolade-winning restaurants. Our celebratory package for long weekends
      194 words
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  • THE WORLD
    • Article
      Lock icon WTO sees world trade growing faster than 4%
      489 10 GENEVA 1996 rate to be surpassed as the economies of Western Europe, Asia recover Bloomberg THE volume of world trade should increase in 1997 "somewhat faster" than the lower than expected 4 per cent gain in 1996 as the pace of economic
      Bloomberg  -  489 words
    • Article, Illustration
      Lock icon Political fight brewing
      56 10 [LONDON] Pub keeper Tony Bowler selecting a pint of "Tony's beer from a selection depicting the leaders of Britain's major political parties in his Marquis ofGranby pub in Westminster. At left is Prime Minister John Major, Labour's Tony Blair is in the middle, and on the right
      REUTER  -  56 words
    • Article
      Lock icon Bonn swears by tough monetary union criteria
      447 10 FRANKFURT Bat report puts deficit of Germany, Italy above limit Reuter Bloomberg THE German government left no doubt yesterday that the country fully intended to qualify fairly and squarely for monetary union, but a Portuguese newspaper said even the European Commission now doubts
      Reuter; Bloomberg  -  447 words
    • Article
      Lock icon Yeltsin lashes out at graft, says major reforms needed
      325 10 MOSCOW Reuter PRESIDENT Boris Yeltsin yesterday lashed out at corruption as a threat to the security of Russia and said he was sure his government would win the age-old battle against graft. He admitted that the task would not be easy.
      Reuter  -  325 words
    • Article
      Lock icon Israel: no re-taking of West Bank towns
      236 10 JERUSALEM Reuter PRIME Minister Benjamin Netanyahu, trying to soften what the PLO called empty threats by his defence chief, said yesterday Israel was not interested in retaking Pales-tinian-ruled West Bank towns. Palestinians had been angered by comments made earlier in the day by
      Reuter  -  236 words
    • Article, Illustration
      Taking sterling to the polls
      791 12  -  HU&OPBAX VEBW Major faces a tricky issue while Italy's prime minister has a different set of problems Rirpann. the DublicDbone company, Mr Berlusconi iscurrentl: By x Kevin Sullivan The writer is a Spain -based journalist who contributes to BT BRITAIN'S Grand National steeplechase, perhaps the
      791 words
    • Article
      Lock icon Waiting for the US slowdown to kick in
      321 12 WASHINGTON Bloomberg A SLOWDOWN in home construction, weaker consumer spending and slumping corporate profits over the next half year are likely to be among the first signs that the Federal Reserve's efforts to brake the US economy are taking hold. "Within six
      Bloomberg  -  321 words
    • Article
      Lock icon UK's Labour fires salvo at water industry
      148 12 LONDON Renter BRITAIN'S opposition Labour Party launched a fierce attack on the water industry yesterday and said it would call an industry summit if it won power in the election on May 1 to "thrash out what needs to be done". In a
      Renter  -  148 words
    • Article
      Lock icon Trial US index shows CPI inaccurate
      439 12 WASHINGTON New index takes into account tendency to switch to cheaper goods as prices rise Bloomberg THE Labour Department yesterday introduced an experimental consumer price index that confirms what economists have been warning all along the United States government's main inflation gauge exaggerates the
      Bloomberg  -  439 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      301 10 bb M __IVifi IOSUIIm) M—S—H I —IML-— I (Architects Interior Designers Urban Planners) fe T Vi Sgjir P|E k v< -tf ac. W.'> ♦i 'yLLrfC k£ /i >-" Ji jfF%" A .>__. I MANIFIEI.D BULDLNGCONSmiCnON a f SSSS, !**?L ssr^s 41 *****8 zuv jurong East St 21 #05-353 Singapore *****9
      301 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      141 11 L lie Duaiiicsa l mica, r 1 may, nyi Joondalup Hotel Investments Pte Ltd (q subsidiory of the Joondalup Group of Companies) Joondalup Country Club Resort proudly presents The Boulevard MM| JW* 1 :'U 1 i*m fmm sip# J*J2T p •> v > Hinfll. You can own a FREEHOLD fully
      141 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Not too late to learn the samba
      807 13  -  THE BOTTOMLXME OPINION By Ronnie Lim The writer is BT's Trade Industry Editor AN "ABC" tour of faraway Latin America This will be the brand new experience for a group of Singapore businessmen who leave this weekend for a trade mission to Argentina,
      807 words
    • Article
      IN OTHER WORDS
      133 13 'He's going to present himself like the saviour. Members of Congress will watch and applaud. But we'd better watch our WaUete Stephen Effros president of the Cable Telecommunications Association, a trade group representing cable operators, on media mogul Rupert Murdoch's trek to Capitol Hill to make a
      133 words
    • Article
      The dollar dilemma
      678 13 EDITORIAL DESPITE assurances to the contrary from the urbane and apparently unruffled US Treasury Secretary Robert Rubin, the US dollar is now in dangerous territory. It is not the absolute level of the currency at around 126 yen its highest in more than four years that matters
      678 words
    • Article, Illustration
      Lock icon Hopes rise in Taipei for cross-Strait thaw
      929 13  -  Bering offer may be opening gambit to resuming semi-official talks with Taiwanese By. Bruoe Cheesman The writer is a Taipei-based journalist who contributes to BT AN OVERTURE this week for the resumption of talks between Taiwan's Straits Exchange Foundation and Beijing's Association for
      AFP  -  929 words
    • Article
      Minority holders of GIL, not disadvantaged
      503 13  -  MAILBOX Alex Phang Group company secretary Genting Berhad Kuala Lumpur Malaysia WE REFER to the Hock Lock Siew column headlined "Genting minority holders may need to take close look at deals" by Eddie Toh (Business Times, weekend edition, Apr 5-6). We wish to clarify
      503 words
    • Article
      WHAT THE OTHERS SAY
      136 13 Australian tffc competition THE Wallis report sensibly tries to build on the role of non-banks. Its price for an end to takeover and merger restrictions on the big banks and insurance companies is sweeping regulatory change to encourage the development of non-bank institutions. The government's initial
      136 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      35 13 DOOHESBPRY By Garry Trudeau ["^77 Twfrmjaev^ 1 VZAR* A Y£AR?AHP M I BZ&UMM&?? I /1 I CANT 98L15V8- M MN-TM V '"r'JgT J \you NeVBKTOLP Me? M I j mi 6UB &> I M™'l n r^fifc/F
      35 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon The Serpent's tale
      717 14  -  Notorious killer Charles Sobhraj wants to make a movie about himself. JOHN-THOR DABUUBO reports JOHN-THOR DAHLBUROG AP A NOTORIOUS serial killer, a man so cold-blooded and cunning that he is nicknamed "The Serpent", flew into Paris on Tuesday, saying he wanted to turn over a new leaf
      AP; AFP  -  717 words
    • Article, Illustration
      Lock icon Grunge rock's Sounagarden breaking up
      303 14 U MUSIC Grange pioneers split at peak of career to pursue other interests Reuter VETERAN "grunge" rock band Soundgarden, whose hard-edged sound paved the way for the so-called "grunge" revolution and bands such as Nirvana and Pearl Jam, said on Wednesday it was splitting up.
      Reuter; FILE PHOTO  -  303 words
    • Article, Illustration
      Lock icon Agassi's act of charity
      58 14 [LAS VEGAS] Tennis star Andre Agassi clowning around with children during the opening of the Agassi Boys and Girls Club on Wednesday in Las Vegas. The Andre Agassi Foundation was the largest contributor to the centre, donating US$l.2B million (551.84 million). The centre will provide services
      REUTER  -  58 words
    • Article, Illustration
      Lock icon Bolshoi awakens to new future
      972 16 DANCE Russia's famous institution set to face challenges after a change in management NYT ANNA Antonicheva looks as if her endless, elegant legs are about to buckle beneath the feathery weight of her body. In a few hours she and her young partner from the
      NYT; FILE PHOTO  -  972 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      50 14 7 A J* > 1' < N I I S r m ■'4* i 1 ABMmge Unllkc Any Other: See I.nrope Audi Altogether. iP v c I v —w.. i v < I 1 i W t 4. A. xt v J ''fr v \«»i "f r t 1 -v
      50 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      458 15 Singapore Business -Giving you the winning edge Where to wine, dine and entertain w w Ihttp: www.ana-kotels.com Not just seafood either. Visit our home page and you can I order tonight's dinner torn our cyter selection. Browse II through the menu, leave us your order and it'll he ready I
      458 words
    • Advertisement
      Page 15 Advertisements Column 2
      91 15 I BiGGEST I I Dian Xin Restaurant l At The Neptune /C®! on Shenton Way i Dian Xin/Lunch U /Ji /-J I j 11.30am-2.30pm tilt) UkJM I ncptutx 1 j 7TH FUXX. OVERSEAS UNttN MOUSE. I COtIYER fIUAY. SINGAPORE *****1. TEL: 224 3922 j I How, forjujf r«T you I
      91 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      687 15 TV&RAPIO (See Our Choice). 12J5 PMMuslimah. MHaraia w 3.00 Billboard US Top 20 12.45 Bisnes Hari Ini. m m 2.30 PM The Winners. Countdown. L Nasyid. m jmPHFtSHh 3.00 Money, Money, Money. 430 All Star Funniest Prank LI® Friday Prayer (L). .AH 3J30 The First and the Best (r). (r).
      687 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      196 15 CRYPTIC CROSSWORD 21 There's possibly no guard on prepared from herbs (6) 30 Charges for 9ome plants (6) 31 nf told to go elsewhere (5,2) YESTERDAY'S SOLUTION of less consequence .8) HA wom^>s for DOWN (7) rulo!nlcleMh ic i p s 'c' c t h 1 Left with a pound
      196 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      149 16 Be part f>MMAKU 'to.!-- > x J W Apply for our Daimaru Credit Card, the card that rewards you when you shop and charge your purchases. At the end of each half year qualifying period Ist Feb~3lst July and Ist Aug 31st Jan), we will present you our Daimaru calculated
      149 words
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      Page 16 Advertisements Column 2
      301 16 WTwrs on at the Singapore International Film Festival I v\~»r MarriaLMln TJity Call Her Cleopatra Wong'. M FRIDAY, APRIL 11 j^-p— Tin i naaiTM fiiiiiMinTiwiw George Richardson (1978). UOmlnfcPO.* H* ProniM. Jean-Pierre and Luc Dardmne&fk&\im/ France/Lux (1996). 90 mlns. Not rated. AOboMFimmk OOOpm Tlm Loog Jonrasr. Le Hoangk Vietnam (1997);
      301 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      179 16 THE WEATHER Singapore: Showers with thunder in the late morning and afternoon. Temperature (32-24) Europe Hl/Lo* Cood. B/U* ComL Aato-PiMtfo Hl/Lo* (M. Amsfrntan ISW Buenm Aires 22/12 (Vu* AurUand 17/U Cloudy Athens UMW Ctoudy Baiwdu* CMy B«ii 11*1 Shown Mag" tU 06 Cloudy Beta* OMB Cloudy g-»"L-Bombay _»t3 Sunny Bdffnde
      179 words
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  • COMPANIES & MARKETS
    • Article
      Wearnes Int'l to make $48m gain from KL deals
      414 17  -  Company selling 51% stake in KL-listed O'Connors Corp, baying 49% interest in O'Connor's Prop By' Ven Sreenivasan [SINGAPORE] Wearnes International (WI) is selling its entire stake in its Kuala Lum-pur-listed O'Connors unit a move that would yield an extraordinary gain of
      414 words
    • Article
      Cosco makes property debut, buys vacant site for $36m
      187 17 [SINGAPORE] Cosco Investment yesterday announced its first venture into property development through subsidiary, Harington Property. The company said Harington had bought a 21,806 sq ft vacant freehold site at Shanghai Road, off River Valley Road, for $35.8 million. The purchase, made
      187 words
    • Article
      Lion's backing makes LTC's public offer attractive
      867 17  -  HOCK LOCK SIEW Ven Sreenivasan LION Teck Chiang (LTC), the property and steel company created by Malaysia's Lion Group pumping assets into financially crippled Malaysian Feedmills (MFL), is one of the more attractive initial public offerings (IPOs) so far this year. LTC last
      867 words
    • Article, Illustration
      Lock icon Raffles Medical IPO: 46% to small investors
      253 17 [SINGAPORE] Nearly half of Raffles Medical Group's initial public offer has been allotted to small investors. The company said yesterday that nearly 46 per cent of the shares will go to those who applied for 1,000-9,000 shares. Close to 23 per cent of
      ARTHUR LEE  -  253 words
    • Article
      Nat Steel, Uraco to tie up in electronics venture
      380 17  -  They will own equal stakes in revamped multimedia firm By. Annette Pan [SINGAPOREI Nat Steel and Uraco yesterday announced a tie-up for an electronics venture which would beef up further the listed local steel mills operator's soon-to-be-listed electronics subsidiary. Nat Steel
      380 words
    • Article
      DBS: talks not on merger
      181 17 [SINGAPORE] DBS Bank confirmed yesterday that it Is in talks with Thailand's Sri Dhana Finance Securities but denied they were to do with a merger. BT on Wednesday reported a senior official at Sri Dhana as saying it was in merger talks with DBS Bank,
      181 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Taiwan index futures gain speed
        600 18 Volume hits new highs for Simex-traded futures; also signs of Taipei lifting ban Reuter [SINGAPORE] Taiwan stock index futures traded on Singapore's futures exchange look set to take off, as volumes reach new highs and signs indicate that Taipei will lift a ban on the
        Reuter  -  600 words
      • Article, Illustration
        Lock icon Jakarta brokers face probe over trading in Bank Pikko
        390 18  -  From I S N Vasuki in Jakarta INDONESIA'S stockmarket regulator has started investigating a few Jakarta brokers linked with unusual trading activity in Bank Pikko, a re-cently-listed bank. Analysts said the investigation was overdue because of the spectacular rise in the
        Source: Bloomberg  -  390 words
      • Article
        PPP closes Channel KTV, writes off $9.5 m
        266 18 [SINGAPORE] Listed Pan Pacific Public Company (PPP) will close down its associated company Channel KTV and write off the $9.5 million it has invested in it. PPP said yesterday the karaoke satellite broadcaster "has been performing poorly, and efforts to raise further
        266 words
      • Article
        Lock icon Sino Land plans bond issue to help fund development
        301 18 Reuter AFX-Asia Bloomberg [HONGKONG] Sino Land Co Ltd said yesterday it proposed an issue of convertible bonds due 2002 to raise funds for working capital and to finance the purchase and development of properties in Hongkong. "It is intended that the
        Reuter; AFX-Asia; Bloomberg  -  301 words
      • Article, Illustration
        Genting defends US $92m deal in GIL restructuring
        475 18  -  Minimal prflmiimi of USsl7.3m for control, says company From Eddie Toh in Kuala Lumpur GENTING Bhd has defended its US$92 million (Ssl32 million) deal for a 64.8 per cent stake in Genting International pic (GIL), which will be downsized after its main
        475 words
      • Article, Illustration
        Lock icon Tenaga submits proposal to revise electricity rates
        383 18 Bloomberg [KUALA LUMPURI Malaysia's Tenaga Nasional Bhd submitted a proposal to the government to revise the rates it charges for electricity, executive chairman Ahmad Tajuddin Ali said yesterday. The plan was submitted two weeks ago. "The package includes other measures, which we hope
        Bloomberg  -  383 words
      • COMPANY Briefs
        • Article
          Summit to raise 810 m from placement
          117 18 [SINGAPORE] Compact disc maker SM Summit has proposed to raise about $10.1 million from a share placement to help pay for new machinery and equipment and reduce bank loans. The company said yesterday that Kay Hian Pte Ltd had agreed to subscribe or
          117 words
        • Article
          FCC extends warrant expiry date
          50 18 [SINGAPORE] First Capital Corp has extended the expiry of its warrants and the redemption of its notes and bonds by one day to May 19 since May 18 is a Sunday. It also announced the formation of a dormant investment company, Branmil Holdings Pte Ltd.
          50 words
        • Article
          Acer raises stake in Japanese unit
          45 18 [SINGAPORE] Acer Computer International Ltd has subscribed for 9,480 new Acer Corp Japan shares, thus increasing its stake to 99.8 per cent from 99.22 per cent. Acer's equity investment in Acer Japan is now 632.85 million yen (517.2 million).
          45 words
        • Article
          Lock icon Sateras buys Fiji firm for M $l26m
          111 18 Bernama [KUALA LUMPUR] Property developer Sateras Resources (M) Bhd is buying Fijian-Incorporated Valebasoga Troplkboards Ltd (VTL) for about MSI26 million (5172.3 million). It said the purchase price was to be satisfied by the issue and allotment of 50.4 million new Sateras shares at
          Bernama  -  111 words
      • Article
        Lock icon China companies poised to raise USsl.9b in HK
        455 20 Over 10 mainland firms are preparing IPOs to capitalise on stable bourse in rnn-np to handover SCMP [HONGKONG] Hongkong will see a burst of Chinese listings in the next three months with over 10 firms preparing for initial public offerings. The companies
        SCMP  -  455 words
      • Article
        Lock icon Lend Lease pays US $400m for US firm
        324 20 Bloomberg [SYDNEY] Lend Lease Corp yesterday said it will buy Equitable Real Estate Investment Management, the largest manager of US pension funds' real estate assets, for US$4OO million (***** million). Lend Lease, an Australian property company, will fund the acquisition from cash
        Bloomberg  -  324 words
      • Article, Illustration
        Lock icon Look, no hands
        54 20 [ELK GROVE, California] Engineers watching in the background as an automated petrol pump fills a car in Elk Grove on Wednesday during a demonstration of Shell Oil s new robotic fuelling system. Thefuelling system requires the car to have a special fuel cap and a small transponder
        REUTER  -  54 words
      • Article
        Lock icon Taiwan's top chipmaker unveils NT400b wafer plan
        335 20 Planned facilities in Tainan industrial park include NTsBob wafer-fab plant Reuter [TAIPEI] Taiwan's top chipmaker said yesterday it planned a massive investment in southern Taiwan, and analysts said the move was the only way the firm could keep its lead in the highly
        Reuter  -  335 words
      • Article
        Lock icon Sun Hung Kai project falls victim to property correction
        263 20 SCMP Bloomberg [HONGKONG] Sun Hung Kai Properties' East Point City, in Tseung Kwan O, has become the first major new project to suffer from an abrupt market correction, with only 52 of 215 units on offer sold on Wednesday. SHKP said
        SCMP; Bloomberg  -  263 words
    • INTERANTIONAL COMPANIES
      • Article
        Lock icon Dow Chemicals, GE settle trade secret suit
        372 21 Bloomberg [MIDLAND, Michigan) Dow Chemical Co said it settled a lawsuit accusing General Electric Co (GE) of stealing trade secrets and raiding its automotive-plastics division for employees. Terms of the "amicable" agreement, in which no money changed hands, are confidential, the companies said.
        Bloomberg  -  372 words
      • Article
        Lock icon Magellan returns to equity focus after bond setback
        375 21 GETTING OUT OF A STICKY MESS Fund's performance drops sharply after 1995 bid to hedge against bear market FT (NEW YORK] Fidelity Investments' US$5l billion (Ss73 billion) Magellan mutual fund, the world's largest, on Wednesday brought down the curtain on the least
        FT  -  375 words
      • Article, Illustration
        Lock icon Dresdner Bank chalks up 31% rise in profit
        308 21 Deutsche Telkom's IPO helps boost commissions, trading income Bloomberg [FRANKFURT] Dresdner AG, Germany's second largest bank, yesterday said 1996 net profit rose 30.7 per cent, within analysts expectations, as the Deutsche Telkom initial public offering boosted commissions and trading income. Net profit
        Bloomberg; Source: Bloomberg  -  308 words
      • Article
        Lock icon Tomkins' US$606m bid for US firm
        244 21 FT [LONDON] Gregory Hutchings, executive chairman of Tomkins, said on Wednesday that his conglomerate's strategy of not handing spare cash back to shareholders was "totally vindicated" after snapping up US car parts maker Stant Corporation for US$6O6 million (SsB72 million). The London-based Tomkins, with
        FT  -  244 words
      • Article
        Lock icon Seagate shares fall despite better third-qtr earnings
        276 21 Bloomberg [SCOTTS VALLEY, California] The share price of computer disk-drive maker Seagate Technology Inc fell 4.8 per cent on Wednesday on fears of slowing demand for technology products. Seagate shares fell 2-5/8 to US$49-3/8 on volume of 7.16 million shares even though the
        Bloomberg  -  276 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Merger wave may sweep German banks: analysis
        467 22 Industry ripe for consolidation ahead of European monetary nnion IHT [FRANKFURT] German banks, which caused outrage in some quarters last month over their role in the failed hostile bid for Thyssen AG, may soon find themselves on the receiving end of takeover attempts
        IHT  -  467 words
      • Article, Illustration
        Lock icon Citicorp, Amex merger talks unfruitful
        364 22 Chief exec confirms that Citicorp did hold merger talks Reuter CITICORP chief executive John Reed said on Wednesday that the company had held unfruitful merger talks with American Express Co. "We did hold talks, but nothing came of them," Mr Reed told shareholders at Citicorp's
        Reuter; REUTER  -  364 words
      • Article
        Lock icon Washington Mutual rolls out US $75b inner-city loan plans
        311 22 LATWP [LOS ANGELES] In what would be the largest inner-city loan programme ever proposed by a US banking institution, Washington Mutual was expected yesterday to announce a commitment to lend US$75 billion (Sslo9 billion) to mostly lower-income and minority borrowers over
        LATWP  -  311 words
      • Article
        Lock icon ING cuts US, UK commodity futures trading
        244 22 Bloomberg [NEW YORK] ING Groep NV, a Netherlands-based international financial services group, is cutting back commodity futures trading in order to concentrate on financial futures markets, a company spokesman said. ING retrenched 40 employees in its US subsidiary ING Securities Futures Options Inc
        Bloomberg  -  244 words
      • Article
        Lock icon Euroyen dampened by BOJ move
        206 22 SPffTIX Report Reuter [SINGAPORE] Simex Euroyen futures were easier yesterday following the Bank of Japan's move to leave a lower-than-ex-pected surplus in the money market after the previous day's injection. The BOJ drained 500 billion yen (555.7 billion) from the market in its regular morning
        Reuter  -  206 words
      • Article
        Futures fall after surprise opening gain
        183 22  -  MSCITAIW AM FUTURES By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures opened higher yesterday, surprising institutional traders who were anticipating a lower cash market. Despite some strong buying by ING Futures Options in the
        183 words
      • Article
        Lock icon Russian struggle to keep up oil output
        241 22 ENERGY REPORT Reuter {MOSCOW] Russia's oil sector, fresh from its smallest fall in output after a decade of plunging, may find it tough to keep up the momentum in the coming years, officials and analysts said yesterday. Output fell 2 per cent to
        Reuter  -  241 words
      • Article
        Lock icon CURRENCY REPORT
        283 22 Reuter London THE US dollar was stable at mid-day against European currencies by comparison with morning levels but was down against the yen, while sterling remained on a general downtrend, forex dealers said. At 1215 GMT, the dollar was trading at 1.7150 marks against 1.7159 in the morning
        Reuter  -  283 words
      • Article, Illustration
        Untitled
        1386 22 DtTERBAWt CROSS RATES Apr 10 a$ c$ f> ecu Ftr p» m y«i iw m waritto hm a mk s>r nn Aastra*a 1065 6.170 0204 4297 1336 4.040 27.936 ATM 0.903 6.960 L9Ct 1127 ********** 10 3.471 1141 ********** 0*0 OH9 Canada 0.921 5.974 0.630 4.144 1231 5.566 25.741 *****
        1,386 words
    • Article
      COMMODITY PRICES
      1735 23 SICOM fUTUUBS Aprio RUBBER (Marts ctostoq u at 5J0p«} RSS1 CONTRACTS c»«taA«) Close Volume Open Month High low Sett (tonnes) Interest May 97 166.00 166.00 165.50 50 J75 Jun 97 >66.50 1000 Jul 97 160.25 2170 ft* 97 168.75 »70 S«p 97 169.50 »70 Oct/Dec 97 171.25 170.50
      1,735 words
    • Article
      WORLD STOCK MARKETS
      2253 23 I LONDON WmIiMi l«r X) Ma AB Ports 271.400 unch Abbay National 772 -1.400 Aktad Domacq 434.400 -1 Amac 140.400 1 Asda Group Itl.400 .400 BAT Ind 508 8.400 B0P1C 177 unch BtCC 265.400 1600 BOC Croup 940.400 -8 BR Patrolaum 696 2.600 BTR 254 2 Bin*
      2,253 words
    • Article
      Lock icon TOKYO
      1660 23 Reuter Q Nikkei 225 -HUM STOCKS ended lower yesterday as buying of bank shares on news of a business tie-up between Nippon Credit Bank (NCB) and Bankers Trust waned in the afternoon, brokers said. The 225-share Nikkei Average lost 217.62 points to 17,485.75. Its June futures were 220 points
      Reuter  -  1,660 words
    • Article, Illustration
      Lock icon HONGKONG
      1554 24 AFX-Asia Q Hang Seng -67.38 SHARE prices closed lower yesterday, with blue chip property developers leading the market's decline after reports of poor sales at Sun Hung Kai Properties' East Point City development depressed sentiment. Dealers said institutions were content to see the benmchmark index trade in a range
      AFX-Asia  -  1,554 words
    • Article, Illustration
      Lock icon CHINA
      651 24 Reuter Q Shenzhen B Index +0.90 SHENZHEN'S foreign currency B shares ended firmer yesterday after an official newspaper said the city planned measures to boost the market, analysts said. The B Share Index rose 0.90 point to 158.67 on turnover of HK564.56 million. The Shenzhen-based Securities Times said yesterday
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  651 words
    • Article
      Lock icon TAIPEI
      378 24 AFP QWP Index -7L70 SHARE prices finished lower yesterday as late selling wiped out early gains. "The market opened higher on strengthening banking issues, but late profit-tak-ing on manufacturing firms dragged down the index towards the end of a volatile session," said a dealer. The Weighted Price Index fell
      AFP  -  378 words
    • Article
      Lock icon WELLINGTON
      261 24 Reuter n Wellington jjjj SHARE prices closed stronger yesterday against a weak US market. Volume was light at NZ$42 million but the NZSE Top 40-share Index climed 13.15 points to close at 2,233.85. AprM CMO) AN2 Banking 8.80 0.05 ***** Advantages HMqs t27 unch 3000 Atr Nn Zaatand (A)
      Reuter  -  261 words
    • Article, Illustration
      Lock icon BANGKOK
      830 24 AFP H SCT Index +2.70 SHARE prices rose yesterday in thin trade ahead of a fourday weekend. Brokers said buying interest in banking and communications sectors boosted the index but trading never broke out of a narrow range with investors cautious ahead of the release of first quarter company
      AFP  -  830 words
    • Article
      Lock icon SEOUL
      412 24 AFP P Composite Index -10J2 SHARE prices closed lower yesterday after four consecutive days of gains. "Today's correction is quite normal, given recent strong gains," a dealer said. The Composite Index lost 10.62 points at 688.04. Turnover was 42.5 million shares worth 634 billion won. Falls beat risers 544
      AFP  -  412 words
    • Article
      Lock icon SYDNEY
      610 24 AFP FlAHOrtouuitt *3.7 SHARE prices edged up yesterday with gains made in mining and industrial stocks tempered by jitters ahead of new inflation data in the US. The All Ordinaries Index closed up 3.7 points at 2,392.9. Turnover was 290.7 million shares worth AJ858.7 million. Big miner BHP rose
      AFP  -  610 words
    • Article, Illustration
      Lock icon JAKARTA
      774 24 AFP P Composite ladei -2.66 SHARES closed lower yesterday on selling of blue chips as investors remained cautious ahead of the general election. Indonesia goes to the polls on May 29. "It has largely been very, very quiet. The bottom line is why buy now when you can buy
      AFP  -  774 words
    • Article
      Lock icon MANILA
      347 24 AFP Q Manila +39.72 STOCKS rose yesterday on light buying following Tuesday's fall which was the highest single day loss this year. The PSE Composite Index rose 39.72 points to 2,949.02. Turnover was 9.2 billion shares worth 3.3 billion pesos. Philippine Long Distance Telephone rose 20 pesos to 1,555.
      AFP  -  347 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7931 25 INDUSTRIALS Cmsmmt products J nrr uit vaf Da* Nat cap Hlqti Law Company W» '000 High Law P/C Smll 790 650 Atfnomoto 660 -20 6 660 660 50.4 267.5 448 322 Anqkasa 330 -6 159 336 328 9.8 486.6 1 905 70S Apollo Food Hlq 730 -40 40 765 730
        7,931 words
      • Article, Illustration
        Lock icon Market still uneasv over lending curbs
        313 25 AFX Asia CI Composite Index -15.89 SHARE prices closed sharply lower in modest trade yesterday as selling continued following a lack of fresh leads and overnight weakness on Wall Street. Dealers said the market has not yet shrugged ofT the unease over Bank Negara's
        AFX Asia  -  313 words
      • Article
        Untitled
        261 25 U» Dim UwcH 555S5rprd 5 40 T indprd "2 Construction 2 JO 3 Tr*4n«/Svc J 59 infr»»tru 0 2 0 rmtnc* 51 9 MM 1 0 Prwrtv 2 55 9 Plantation 3 29 5 MM* 0 T 1 T 0 3 I Loan 82 18 Rti/W*mnti 0 1 1 Second
        261 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3167 26 BONDS, LOANS A WARRANTS m mm LWt V<X D«y Last ftMto A»4 t 'i-f-y Mt l-OOOt HM« tJtm Waftr *t—r Pfif T"68 4a m 3000 mAM06c5.5%*****6 -50 J? 44 5 62 415 3160 *0)0731 USS «J f g £.5 845 82 131 77 3164 Acma ******4 »43 »1 68 85
        3,167 words
      • Article
        JC-MPH warrants in demand, but if s best to tread with care
        194 26  -  WARRANT WATCH By) R Sivanithy IN A falling market like yesterday's. Jack Chia-MPH's warrants and shares stood out, rising heftily on high volume. In the case of the warrants, a 27 per cent jump to 76 cents made
        194 words
    • Article
      CLOB INTERNATIONAL
      1609 26 MALAYSIAN STOCKS Or Cr MOT Lot Vai Day Laat Oiltl Oh W l« JCj» LrB Jta, gfc COOP) L— Bfr SaBar CV Wt ~478 368 ml 5000 AISBSOc 368 £2 302 5773 137 94 ms 5001 AM0650C "2 321 993 99 *5 99 40 210 »2 ms 50Q2
      1,609 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1635 27 TURNOVER COOO) VALUE CQOO) tutu cit rtn mki cn» t«m InduttriAt 25,429 8,618 34,247 85,318 18,925 WW? Fln«nc» 2,#26 4,439 9.265 24.090 13,399 37.4M Hotels 1,404 300 1.704 4,027 5?2 4,400 Pr®p»rti»i 4,935 8,444 13,541 24.093 12.772 34.464 Plantation 3,521 3,521 9,503 9,503 MMm 280 2 80 770 T70 Bt*»
        1,635 words
      • Article
        MAIN BOARD
        4705 27 Transaction Date .Apr lo| Cr Or M wt Last Vol Day Last Ouote Dhr Dtv YM Net Cap Av« Hlgh Low StMo Company Salo COOP) High low Buyer Seller c 'vr H P/E Smil Wn INDUSTRIALS 5146 ASENTSIO 200 US- u < I 8 «5 8«5 1275 >0,K>
        4,705 words
      • Article
        SESDAQ
        1099 27 Gr Or mm 1997 Last V* Day LMt OiMtt Dhr Mv Ytd N«t Cap A*f wm> L— «W Ciw>Miy tn rooo) mm L— —yr »—or Cw >/t tm* Hie* SCSDAQ 186 128 2000 ABRMWgsSe 128 Cd -I 1 128 128 128 130 3.0 6.0 0.1 182.9 56.9 132 202
        1,099 words
      • Article
        Untitled
        218 28 Stocks HK Land US$0.10 4.234,000 •Pub Bk Foreign 3,330.000 •Westmont Land 3,219.000 JSH US$0.05 500 3.146.000 *KL Industries 2.847,000 JC-MPH WtOO 2.806.000 SingTel 15c 2.361.000 JC-MPH 2,003,000 •MBf Hldqs 50c 1,380.000 •Mflf Land Bhd Stacks JSM US$0.05 500 11.460.412 HK Land US$0.10 9,451,304 •Westmont Land 8.775.740 •Pub 8k Foreign 8.709,230
        218 words
      • Article, Illustration
        HOT STOCK
        65 28  -  -by Shiv Taneja JACK CHIAMPH, which closed 14 cents higher yes terday at $1.55 on a volume of two million shares, will be volatile in the days ahead. However, for long-term investors, the general direction is upwards as indicated by the weekly RSI and stochastics charts. This is
        65 words
      • Article, Illustration
        STII loses tenuous grip on 2,100 level in thin trading
        675 28  -  STOCK MARKET COMMENTARY A still-volatile US market, uncertainty over credit curbs on Malaysian banks and a shift of funds to Thailand cited as factors for market's weakness R Sivanithy [SINGAPORE] A US market that lacks direction, prolonged fallout from the
        675 words
      • ON THE GRAPEVINE
        • Article
          Moving in with its parent
          86 28 IT FINALLY happened. Loss-making CarnaudMetalbox is moving out o/Marina House and into the Chai Chee office of its new parent. Crown Cork Seal. This would probably save CMB a few hundred thousand dollars a year in rental. This is not a big sum in good
          86 words
        • Article
          Interchangeable parts?
          117 28 THE Rover/BMW link is interesting for Singapore car owners and investors. Here, BMW is handled by Sime Singapore while Rover is by Intraco, both listed companies. So far, there is little overlap between the two as the Rover models are still using technology from Honda, which used to
          117 words
        • Article
          Less to choose from
          110 28 THINKING of buying a Rover? Then you should read this report by Business Week on the car company. The magazine said BMW has taken over total management control of Rover and has decided that "fewer and newer offerings will help". This means cutting down the number
          110 words
        • Article
          Have you been asked?
          100 28 THINGS seem to be really happening in financial journalism. A little bird confided that Bloomberg, the financial news wire, is in a hurry to increase its staff here by almost 50 per cent. Word is that they're looking for the whole crew from journalists to editors
          100 words
        • Article
          Army top earner in China
          117 28 WHAT is the most profitable company in China? According to a recent copy of Forbes, the People's Liberation Army which it calls PLA Inc has a good chance of winning that claim. Forbes said official estimates of profits from PLA's many businesses are about US$l
          117 words
        • Article
          Taxi-ng commuters' patience
          124 28 WANT a ride in a Mercedes cab to the airport? Don't even think about it if you don't have two hours and $42 to burn. Attempts last weekend by a BT reporter to book a tri-star taxi from City Cab turned out to be a hair-greying experience.
          124 words
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      Page 17 Advertisements Column 1
      156 17 Come to where the business is in the Centre of Asia. IP?, m A MltMa No matter what your particular requirements are, the Singapore International Convention Exhibition Centre is ready to help you make t your meetings a success. We have 26 modern Meeting Rooms that seat from 10 to
      156 words
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      526 19 The new JVC GR-DVMBOI digital video camera is not only handy and easy to use, its advanced digital technology also gives E Multimedia "9 you sup€rior pic,ure and JHfIHI Jr T 4 sound quality, a foldable high f Interface resolution plus i—— computer the key to multimedia. ■^E^~ Digital Video
      526 words
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      332 20 trfVl DEVELOPMENT m u Jboard J 1 I i aim I :=:i Lit Ml ■un eiieuu I ive uunuuminiumo tja BJHor the first time, the Housing Development Board (HDB), on behalf of the a tender packet containing the particulars and conditions l|| SjS of tender for the 2 land parcels
      332 words
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      377 21 mmmm —n Dine like world leaders at Ttfc Puimccc "k The Chinese State Banquet '97 1 He v/ Hllncjc Due to the overwhelming response last year, the Tung Lok Shark's Fin "T ATT C WA NT TT CT Q T Restaurant is proud to bring to you again, The Chinese
      377 words
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      40 24 MONT I BLANC Available at MONTBLANC BOUTIQUES Singapore: Ngee Ann City #0 132 Raffles City #01-37 A Mi Men ia Walk #01-04/05 and all authorised dealers MONTBLANC CORNER: Sincere Watch Limited #01-013/015. Suntec City Mall MONTBLANC SHOP IN SHOP: Daimari
      40 words
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      46 25 'IDEAL CUT DIAMONDS IS g by ESTABLISHED Wit 5 #t P* [3 r G J Jj nED (p f t- Symmetry Excellent Shangri-La Hotel Arcade, 1 PATEK Optimal-LASER NUMBERED Singapore Tel: 732 5689 732 0721 PHILIPPE fg jh Malaysia (K.L) Tel: 230 2848 230 2843 IsfSMgjcHefSMajaaKsejaSfsl
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      1394 28 BUSINESS Notices >xl M CORRIGENDUM ss a *7 THE BANK OF EAST ASIA, LIMITED We refer to our announcement on 10 Apr 1997. Kindly be informed that the opening of our Kuala Lumpur Representative Office has been deferred to a later date to be announced. Addnu 17th Floor. MIX Plaza
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      Page 28 Advertisements Column 2
      11 28 Young Parents -When you want the best for your children 1
      11 words
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      Page 28 Advertisements Column 3
      41 28 ESS. l SPACE-STRETCHIMfitt WW STRATEGIES LATEST FIXTURES v »S: JhhHMIA J GET IT NOW! APRIL-MAY' 97 HOME DECOR $4.50 f Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eleven MPH STOP PRESS kiosks CoW Storage Shell Esso Caltex Mobil SPC BP Singapore Holdings
      41 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGH
      322 29 Reuter RATES appeared to have eased in the east despite a slight increase in grain cargoes from the US or Canadian west coast while Atlantic activity remained erratic, brokers said. Both the prices and the volume picked up, Clarkson Wolff said in its daily Biffex market report. Again
      Reuter  -  322 words
    • Article
      MARITIME STOCKS
      281 29 m 'ooo »no CWTDMrMtan—U* -OOI IS Chuan Hup 0.995 -0.005 T10 Cosco invwtmant—135 unch 3 FrataMUnk* 0.7* -0.01 7 OBHoWng* 0 89 unch 4 Hat Sun Hup LOO unch 243 HHKNZMM 0.76 -0.01 191 IMC HoMngs HKSO jiyi HoMbi«i 1Q3 Juronq Shipyard 6.6 -0.05 2 KwJCofB 9.1S -0.05
      281 words
    • Article
      Beijing approves direct Taiwan route for 6 Chinese lines
      199 29 [BEIJING] China has given approval to six domestic carriers to begin direct shipping services with Taiwan, the China Business Times said yesterday. The Ministry of Communications has cleared six ships owned by the six Chinese shipping firms for direct sailings, it
      199 words
    • Article
      Lock icon Direct links won't hit Hongkong much, say govt and analysts
      260 29 Minimal impact, says Port Development Bd's Richard Yuen Reuter [HONGKONG] The imminent start-up of direct shipping links between China and Taiwan will have minimal impact on Hongkong's shipping business, government and shipping sources said on Tuesday. "Our understanding is that
      Reuter  -  260 words
    • Article
      When a time charterer becomes insolvent without paying hire
      750 29  -  ADMIRALTY CASEBOOK By I Selva Kumar SHIPOWNERS often take the risk of their time charterers becoming insolvent without paying the hire but after they have collected the freight payable under the bill of lading from their sub-charterers. Several legal questions arise
      750 words
    • Article
      S'pore shippers' council blasts FEFC over fee hike
      374 29  -  Announcement of rate rise without prior consultation breached established procedure, says SNSC By' Yong Meid Fong [SINGAPORE] Singapore shippers, unhappy that they were not consulted on the recent container fee hike by the Far Eastern Freight Conference, have lashed out strongly at
      374 words
    • Article, Illustration
      Lock icon A bigger, more popular Boat Asia 97 opens
      331 29  -  By\ Marcus Hand [SINGAPORE] Boat Asia 97, the region's largest show of its kind, opened yesterday at the World Trade centre. Organised by lIR exhibitions, this year's show, a four- day event, features a record 170 direct exhibitors representing more than 450
      CHRIS LOH  -  331 words
    • Article
      Lock icon NSCSA plunges deeper into the red
      110 29 AFP (ABU DHABI] The National Shipping Company of Saudi Arabia (NSCSA), the second biggest petrochemical transporter in the world, has embarked on. job cuts and other austerity measures, a direct result of serious losses last year. In a statement sent from its headquarters on
      AFP  -  110 words
    • Article
      Lock icon Japan, US may reach accord in port talks
      167 29 AFP [TOKYO] Japan and the US may reach a breakthrough in a bilateral port dispute ahead of the US-imposed deadline for sanctions on April 14, a top transport ministry official said yesterday. "The gap between the two countries remains wide, but it
      AFP  -  167 words
    • Article
      PSA denies report of Galle port talks
      184 29 [SINGAPORE] The Port of Singapore Authority (PSA) has denied a Reuter report that it was discussing a port project in Sri Lanka's Galle harbour. The report quoted Suppiah Kandasamy, chairman of the British-Chinese consortium planning to build a new port at Galle, as
      184 words
    • PORT Shots
      • Article
        Lock icon Japan starts oil clean-up effort
        96 29 Bernama-Kyodo [NAGASAKI] Local authorities and residents started an oil clean-up operation in Tsushima island near the Korea Strait following a spill believed originating from a sunken South Korean tanker, local officials said yesterday. The Nagasaki prefectural disaster alert headquarters confirmed that crude oil has reached
        Bernama-Kyodo  -  96 words
      • Article
        Lock icon P&O pays US $86,000 to settle charges
        62 29 Bloomberg (LONDON] Peninsular and Oriental Steam Navigation Co said It paid Florida's attorney general US|B5,OOO (*****,550) as part of an agreement settling charges that the UK company's Princess Cruises Inc unit overcharged passengers. The company described the payment as a "contribution" to the
        Bloomberg  -  62 words
      • Article
        Kvaerner Kleven wins US $26m deal
        91 29 (SINGAPORE] District Offshore AS has awarded Kvaerner Kleven a US$26 million (5137J2 million) contract to build an anchor handling tug/supply (AHTS) vessel. The vessel Is scheduled to be delivered from Kvaeraer's yard In Ulstelnvlk, Norway, by the end of 1998 and Is a further
        91 words
    • Article, Illustration
      Lock icon Surcharges ring alarm bells
      1112 30  -  AZR CARGO: RATES RISE WITH FUEL COSTS Last November virtually every airline imposed a fuel surcharge on cargo without consultation or notice to shippers, in a move which shippers would be wise to fight on principle to stop the surcharge practice once and for all Ry(
      American Shipper; FILE photo  -  1,112 words
    • Article
      INDEX TO SHIPPING LINES AMD FREIGHT FORWARDERS
      394 30 PAGE Ethiopian 6 AU 13 EuroHansa 6 ami 3 Evergreen 6 A We 4 "Bright 6 i Accord 8 FanouJ 7 Appenstxp 5 13 Astro 3 FoongSun Austral 9 froti M Avant 6 M links 13 B'tang Mas 8 Frt 7 BSA 7
      394 words
    • Article
      SHIPPING GUIDE
      14953 38 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar VhmI Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphono SIN Dast'n Nama Nam* NumOar Numtoar SIN Dastn Nama Nam* Numbar NumOor To BREMEN (BRE) 2056 A Germany To ABIDJAN (ABJ) 2003 m/o* 07/05 Cho Yang hj keelung otiw *s*****a Ivory Coast. Cote D
      14,953 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        724 45 VtSMt Voy No Borth Arrtvol Doporturo 9706 P *J02 *mp»* "g M iHUri *****7 JOI tttnqMl 2 5tS?S2 n s* ovum joi "Wproo CMOW P *****2 J17 Htngtif Ovotf Arrow 057 J15 tlonpidt «/"00 Hue** ou JM atonqsuM "££25 IMtn 44 JOS atonqsida *04/0600 Ortwtaftava 0497 J19 alo«QM>«
        724 words
      • Article
        CONTAINER SCHEDULES
        1751 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Manet Rstls Ship Voy No Etb/Btr Pftod From To From mi »om o*n V23S* n n/noo n/noo 21 10/1 too Mm ivotoo 1 votoo vw» ivmoo lasw iiS a/om a wine amat mm i ivotoo a/ia* vmoo n/1200 iww n/noo
        1,751 words
      • Article
        GLOBAL HOLIDAY
        207 45 Apr 12 Thailand: Songkran Festival Day. Apr 18 Brunei: Hari Raya Haji. Indonesia: Id-el-Adha. Malaysia: Hari Raya Qurban. Singapore: Hari Raya Haji. Apr 28 Australia: Antac Day. Denmark: St. Bededag. Japan: Greenery Day. New Zealand: Antac Day. Apr 30 Netherlands: Queen's Day. May 1 Belgium: Labour Day. China:
        207 words
      • Article
        COCKETT BUNKER MARKET REPORT
        983 45 THIS report, compiled by Cockett Marine OU Ltd. show* price ranges In US dollar* instead of single price* for a more comprehensive description of the market Price* shown are bated on average-died item. Market movement* are Indicated The Cockett Bunker Price Index change and the lndl
        983 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        397 45 CrtM 180 Mm 993.3 1.1 >6.8 0.11 71 0.06 Apr 03 DmmHy RmMm Ask Minwol No ibow E25 2 1 9 4 0 0 1 T-—- 390 Aw 965.5 0.6 12.5 0.07 32 0j02 360 MM 995.9 7.0 17.9 0.16 81 0.07 «4/M»i »M/M »M/w WW
        397 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Growth in global express services expected to soar
        307 46 It is outstripping annual growth of air cargo, conference told Reuter [SHARJAH, United Arab Emirates] The international express market is witnessing significant growth across the globe, outperforming the annual growth of air cargo as a whole, industry executives said. "Outstripping the growth
        Reuter  -  307 words
      • Article
        Lock icon UPS picks Philippines as 2nd hub in Asia-Pac
        136 46 AFX-Asia [MANILA] United Parcel Service said it will make the Philippines a second hub for its package distribution operations in the Asia-Pacific region. United Parcel Service regional vice-president Charles Adams said the Philippines is an ideal back-up hub for an anticipated "overflow"
        AFX-Asia  -  136 words
      • Article
        Lock icon Taiwan ministry proposes partial air links with China
        187 46 AFP (TAIPEI] Taiwan's transport ministry proposed yesterday to allow partial air links with China despite deteriorating cross-strait relations, a newspaper here said. Transportation and Communications Minister Tsai Chao-yang said the island's international carriers could lease foreign-registered air- craft and hire foreign pilots
        AFP  -  187 words
      • Article, Illustration
        Lock icon Develop domestic routes, Saab Air urges China
        270 46 Reuter [BEIJING] Saab Aircraft International Ltd is urging China to develop local air routes, saying passengers on smaller commuter aircraft alone could total 100 million a year within 20 years, company officials said on Wednesday. Investment in China's aviation sector had focused on
        Reuter; REUTER  -  270 words
      • Article
        Lock icon Chrysler drops plan to build US $192m plant in Vietnam
        230 46 Bloomberg [AUBURN HILLS, Michigan] Chrysler Corp on Wednesday abandoned plans to build a US$l92 million (*****.5 million) auto assembly plant in Vietnam, saying the country's fledgling market is saturated with licensed automakers. Chrysler joins a string of US companies whose
        Bloomberg  -  230 words
      • Article
        Lock icon Car maker to invest US $1.3b in 6 US plants
        103 46 Bloomberg [AUBURN HILLS, Michigan] Chrysler Corp said it will invest US$l.3l billion (Ssl.B billion) in six Detroit plants in the next five years, adding "a few hundred" jobs, largely to boost production of its Jeep Grand Cherokee and light-truck engines.
        Bloomberg  -  103 words
      • Article
        Lock icon Indian truckers strike ends
        122 46 AFP [NEW DELHI] A nine-day truckers' strike which crippled Indian businesses and sent food prices soaring has ended. S P Singh, a spokesman for the All India Motor Transport Congress (AIMTC), on Wednesday said the strike has been called off following an agreement between the government
        AFP  -  122 words
      • Article
        Lock icon Sale of Fokker's assets seen
        303 46 Only option after EL drops rescue plan, say administrators Reuter [AMSTERDAM] Administrators for bankrupt Dutch planemaker Fokker said on Wednesday that a fire-sale of remaining assets now looked inevitable after the Malaysian government confirmed it had pulled out of rescue talks. "We are afraid the
        Reuter  -  303 words
      • Article
        Lock icon Airline pilots saw missile over NY last month: report
        254 46 Reuter IST PAUL] Northwest Airlines pilots reported that they saw what appeared to be a missile or a rocket over the New York area the evening of March 17, the Saint Paul Pioneer Press reported yesterday. In a copyrighted story, the
        Reuter  -  254 words
      • Article
        Lock icon Deal with AIR may be inked soon: Samsung Aerospace
        186 46 AFX-Asia [SEOUL] Samsung Aerospace Industries Ltd said an agreement with European aircraft consortium Aero International (AIR) over joint manufacturing of mid-size passenger jets "could be inked soon", "We are negotiating with AIR to jointly develop mid-size passenger jets," a company spokesman
        AFX-Asia  -  186 words
      • LOG Book
        • Article
          Lock icon Talks to implement EDI at KL airport
          81 46 Bernama [KUALA LUMPUR] Deputy Prime Minister Anwar Ibrahim said yesterday that negotiations are on-going to implement the SMK-Dagang Net and Electronic Data Interchange (EDI) system at the Kuala Lumpur International Airport at Sepang. Mr Anwar, who is also Finance Minister, said the system
          Bernama  -  81 words
        • Article
          Lock icon Lufthansa reaches acord with union
          91 46 DPA [FRANKFURT) Lufthansa German Airlines reached agreement with union leaders early yesterday on a package of pay hikes and benefits, ending a three-month dispute. Under terms of the deal, the German carrier's 50,000 employees will get a larger share of corporate profits and guarantees against
          DPA  -  91 words
        • Article
          Lock icon PIA plans revamp to stem looses
          64 46 AFP [KARACHI] Pakistan's national carrier, Pakistan International Airlines (PIA), plans to slash its work force and replace its old fleet in a bid to restore profitability, aviation sources said. PIA has been plagued by a three-year-long financial crisis because of over-staffing, non-profitable domestic and
          AFP  -  64 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1606 46 CITY FLIGHT ETA fUCHT ETP VW741 1310 WI740 mo AbuMaM GA890 0015 HatYal TG407 2105 TC406 0820 AdtUWt S0229 2220 MM9S 2150 W896 WIS Amsterdam S0327 0750 GA890 0015 AYf7 035 AY98 2135 KL837 1455 KL844 0040 WruMmi S0977 1655 SOWI 0130 KL838 2300 Ho CM
        1,606 words
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      1201 30 I EXPORT I I OTHtR DCBTINATIONS I pwgcT to wiar ctM/i 1 vessel voy eiasm no aw u oar va sea m hou ok my memcooty msa w 1 < /Ll r "/S" t nT "if/IT* TT 1 I CHESAPEAKE OAY MWSII 10/04 11/04 02/05 04/05 06/05 00/05 04/05 04/05
      1,201 words
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      Page 30 Advertisements Column 2
      601 30 UnM services representee (M 01 Singapore F n onwwdwe S'pora National Shipping Assoc Association W II Shipping Times Just talk to us... p" Iris Lim 740-2044 Tan Lip Chuan 740-1645 •JwTod Leong 740-2089 Philip Koh 740-2382 EXPORT 3 x Japan -2 x Hongkong •1 x Manila -1 x Kooshiung, K—lung
      601 words
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      1070 31 yi TO EUROPE FROM EUROPE £3! M «__———^——l It MB Vtssa VOY SM RTM HAM NV SOU LIH VBSE VOY RTM HAM «V SOU 10 PW SM K TOI API MDOWStA 3)47 12/04 «/0S 01/ OS M/ 04 H/04 lASBK *117 20/03 10/01 O/W 04/R4 10/04 H.HAI 4EDUOTC AMERICA SIS
      1,070 words
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      Page 31 Advertisements Column 2
      1793 31 HANJIN SHIPPING USA CANADA* Ijgag/wif Imm[ SM *A I m IRf [~W oi [~WT MM [~"St MIMI R» I MTC aS TV« TYZ I TTI I TTC ITK N-SUmiNSI W/N "10/N~ 01/N N/N W/N N/N N/N N/N N/N N/N 07/N N/N 04/N 04/N 07/N 03/N 07/05 07/N N/N N/N BKSt
      1,793 words
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      Page 32 Advertisements Column 1
      1037 32 <5= DSR-SENATOR in Round the World Container Services TO UK/CONTINENT FROM UK/COM iwMff L mw Ivqy [bT rtm 1 orv ham fix amt jjj*_ vot —y«_ jn|« FyL. JUL. HL_ MOMGXOMG Sf MATOR WFTU ISM" ~MM" ~MM 67 MMM MM CMOYAMO SUCCESS EE7I7 MB VMan UM 1660 SSJSffIS? WN7IO 15
      1,037 words
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      Page 32 Advertisements Column 2
      1355 32 NORASIA 1 IVEBML I>w Rtftfi A 9714*3 17/14 17/§4 02/06 03J5 11/06 OM6 144)6 0116 0116 IMB BSir 9715-3 22A4 24*5 MM 11« IMJ IMB IMS IMB 21A6 IMB IMB 17* I MSC JASMME 9716-3 2H4 3M4 IM6 IM6 17A6 2MB Ml 2286 2MB 2MB 23*5 2MB I NOR UEI
      1,355 words
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      Page 32 Advertisements Column 3
      441 32 Tr/VQ/?TRANS CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA BREAKBUIK, RO/RO AND HEAVYUFT ANY WBGHT THAI FLAG STATUS PRIORITY BERTHS Ash Eiywt V.45A SAILED 10-11/04 IHO/04 IH+/04 A*ExfmsV.4tA 23-25/04 26-26/04 2*30/04 01-04/05 Asm Express V.47A 07-09/05 10-10/05 13-14/05 14-17/05 Asii Exprws V.4SA 20-22/05 23-23/05 26-27/05 27-30/05 BOOKINGS I ENQUIRHS: m fiu iu
      441 words
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      Page 33 Advertisements Column 1
      1083 33 u»»«i uftv SIN PQU PKQ PEN SUB IBAM TEVMURI pjl 1223 20/03/97 29/03/97 31/03/07 BtSISZSlffr PJLI229 18/04/07 12/04/97 25/04/97 OHBYAMAT PJL-1229 18/04/B7 22/04/97 29/04/97 gflffSS! I 13/03/97 07/03/97 20/03/97 23/03/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS MI IRAN «.CIS B|K ARMENIA, KAZAKHSTAN, UZBEKISTAN. TURKMENISTAN, KIRGISTAN. TADZHIKISTAN GEORGIA VIA B.
      1,083 words
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      Page 33 Advertisements Column 2
      2181 33 10 MOJI NAOOYA, YOKOHAMA 1 AND KOOI VIA NONI NMD I RBKICAIUNOIO KAONMMI MM I yMM MIAMI MAMAM 4MP IP ftMlt H will SMOii TIAMwTOr S iiTl J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 22* 1900 FAX: *****01 OUTWAID (IA) *****02 JOHOftE OFFICE: I COSTAR SNIPPING PTE LTD
      2,181 words
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      Page 34 Advertisements Column 1
      1121 34 I nsTI RDM ANW HBG THP ZEE LHV LHW THP ROM ANW HBO PKL SOP E RACER RW-018 IMU IMS 10/96 66/66 04/08 06*6 10AM E GAMMING RE-057 16/03 19/03 16/63 *o*3 21*3 14*4 15*4 I REACH RW-013 IM4 N*6 14/ OS 10*6 12*5 13*5 14*6 E. GLOWING RE 039
      1,121 words
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      Page 34 Advertisements Column 2
      1076 34 XPOftT VESSB VOTAGf SGP DUO JM AW DM OAN KWT OM Vtssa VOYAGt 001 JU AM MM UN MP I UNCOOOM 04S1-037W 17/04 77/04 77AM 71/04 71/04 3ttAM JID4 3V04 UNIONWUS) 0447-0271 30/03 31/03 01/04 14/04 UN OOIT *****3 M 74/04 04/0S 04/05 05/05 OLUS 07/H5 OVW 01/0$ UN CtOiW
      1,076 words
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      Page 34 Advertisements Column 3
      450 34 la. NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissa vot |si pui cm err mmvaus om 03/K Q7/ds m/os mm g€ wn wm 11/ os tvk mmimiKßS ohs ivos a/os oi/h RjWHgB QMS W 31/15 M/N W* tminm ois oz/d* )7/n 21/N wmiwws (EOS 12/04 21/N 2S/M »/N
      450 words
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      766 35 BSA e ir=HTs!e®sisms^^^V MB MYANMA FIVE STAR LINE (Myanmar Notional lino) Loading for Tang on (Rangoon) VESSIL VOT SIM PIC PHI Nil PAGAN 242W SIR HPA-AM 2J3W SU> MAIATSiA AGENTS: OOUSTUO SHIPPING AGINCKS KUL TTI 02-03-*****00 Pitt; TE 02-01-*****01 PIN: TU 02-04-*****02 PGO: TU 02-07-*****21/4 BANK LINE (A ior»ko of
      766 words
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      Page 35 Advertisements Column 2
      1216 35 4 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 mt I wi I usa I vnm vot fa I la 111 I 111 I"" I I 11 1 10/44 10/04 11/ M NTROttAI JO4W 11/04 JO/M 01/15 03/OSI OJ/0S 03/05 04/0S 11/04 11/04 10/04 KT. ADMMAi. 304N 20/44
      1,216 words
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      Page 35 Advertisements Column 3
      584 35 (fc FAMOUS CONTAINER LINES 7jy— 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT UNE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (Co. no. *****P) NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL 603-*****33 (20 LINES) FAX: 603-*****33 (05 LINES) COMPREHENSIVE SAILINGS TO AND FROM PORT
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      1393 36 pul international une gggSSB^ 3HBHH kilano ZZZ vmn VOY SIN BKK VESSEL VOY SIN PKL iii.»«il<ill<i RATMA BHUM 154N St 12/04 Tua IS/04 B MAS EMPAT 7543 Sat 12/04 Sun 13AM I JMUUnHWKI) 4SIWAW I Y ANTRA BHUM" 183N Sun 13AM Wad 18/04 JABU BHUM 7323 Sun 13/04 Moo 14/04
      1,393 words
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      Page 36 Advertisements Column 2
      696 36 A ACCORD A SHIPPING PTE LTD TIL: *****56 (40 Un*t) PAX: *****46 Km OJUK <U)U7 Mof M M WtfCT ACCESS TH.: *****37 (EXPORT BOOKINO) HSB OUOAMC (07) SSI iS77 M33M7 (IXPOUT DOC). *****64 (l*PO«T) FBUK6 (H) 537 lUt OHjMTTFs//WWW.ACCORO.COM.SO jUtfU fffj *40 077* POKT ITA SIM NUT ETA SIM POtT
      696 words
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      481 37 f? 1 Weekly LCL it FCI flfl fOn|C3| Swvte— to Caribbaon mTWm o A Control America IMABSK HOUSTON I SEA JADE 9706 615E Port Country 13/04 20/04 Baliz* City Mm 17/05 24/05 Bridgetown Barbados 20/05 27/05 Cartagana Colombia 19/05 26/05 Castries St. Lucia 19/05 26/05 Fort da Franca Martinique 20/05
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      Page 37 Advertisements Column 2
      595 37 PACIFIC INTERNATIONAL UNES (PTE) LTD 1 140 Cecil Street, #03-00 PIL BoikJing, Singapore *****0. CR NO **********06 lisy .ft m nr. Iwi I SSuam 2i/< a/4 i/i i/i V/s m m im if/. 7/i. ifflaasi i ii i m i fii af KOTA WAMGI WMGOII 11/S 17/5 U/i li/l V/S
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      Page 37 Advertisements Column 3
      863 37 |CRNQ: **********0Z vessels "wy aWt JED pso übh ham him thp anr \aueoeobbna mow ham 23am ao* 04AB omb otab osab obab VJLEPQRPN YI9W 21 AX 30AM 02AB 11/08 12AB IVOB 18/06 1«AB VILE QE VELA VHW 28AM 07AB 08*08 IMB 18/06 21/06 22/06 ~23AM >ALLE DE CAPELLA T2OW 06/06
      863 words
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      Page 40 Advertisements Column 1
      46 40 TOKYO SMINRI KAIUN CO FTR LTD 10 ANSON ROAD *30-06 lllljd WfTRRNAnONAL PLAZA STORE 0207 *****28 (6 LINES) FAX: *****06 A *****10 C/Ri **********06 SERVICE TO; FAR EABTAJ.BJk/EUROPE~| 12/04/97 JAPAN, HONQ KONQ 13/04/97 USA ALL BOOKINGS ANO ENQUIRIES. PLEASE CONTACT: S'PORE OFFICE TEL: *****25 (6 UNES)
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      Page 40 Advertisements Column 2
      105 40 RI PB&JSAHAAN PBAMRAN W KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/PALIMBANG VfSMi Vm ITA/ITO destination RACMMAMUiI I t/97 15/14 V Jokorta/PoWmbang t AOUAANUf I 111 %/V JI/WAff Jokorta/PoUmbong t ACHMARUf I H 5/17 14/15 Apr Jokorto/PaUmbang I AOUAANUf I I 7/17 N/3# Apr Jakarta/PaWmbang SURAIAYA/PANJANG CAIAKA iAYA NIA6A 11/11% Pia|(«g/S«rabiya NAM
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      Page 40 Advertisements Column 3
      96 40 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAM/ HONG KOW6 STRAITS S pen P.Qudang P.KtHnj P*n«ng UOH HUNT VII 14/04 MKMTDMVa IM4 MM TWMKUACCW7 M* UJU ISfSMNZA ACC VM 27/04 IftM > MOTNBIHOHVM IM4 01*0 MRWUTm CR NO **********02 SPORE: AB SHIPPING PTE LTD TEL *****06 10. HOE CHIANG ROAD KEPPa TOWERS
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      Page 40 Advertisements Column 4
      113 40 LINE OVBK£/6 TIUUISfOr CO, in). JMUWTIIS Fa TO INDIAN SUB-CONT/ARABIAN GULF/OS vnsa wt sm km in SAMMAIMM OWIS 15/04 71/04 ALSO ACCOT TO: LEBtOCT 11* 17/04 14/04 OOOTCOtO GWH 11/04 04/05 lAWAI ANAS, SMAITOOA 110 15/04 01/05 IAM. KUMOAU. SAUDI DAJMUM 6W17 11/04 IJ/05 NOKOCAf 410 10/04 07/05 MtAJUAK, USHWT
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      Page 40 Advertisements Column 5
      43 40 FULL CONTAIN!! SERVICI POLISH Efl ATCAU 105 KXAND (OOYNIA) Wld OWEAN RUSSIA (MOSCOW) (■JIJ CIS PORTS INCL ESTONIA LINES LATVIA, LITHUANIA, BELARUS, UKRAINI CWKjHBHggPIg ftIIIDDIIAA B LINE Wll>> 111 X W/N H/N •DAIIT Ff EMI CONNECTIONS FROM ROMROM to NmM, ZWhai,, Z>m«b—, JtoyaM,
      43 words
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      Page 41 Advertisements Column 1
      425 41 SIN MAA SIN I TIGER WAVE 524N 0&06/97 13-16 AM 21 22/04 TIGER ISLAND 525N 11-12/04 16-20,04 2S-2G04 I TIGERBRIDGE 526N 14-15*04 *****4 28-2904 I TIGER BAY 527N 17-1804 23-27 AM 01-02/05 TIGER WAVE 528N 21 22/04 27-30/04 0&06/05 I TIGER ISLAND 529N 2S-2&04 30-o*o6 09-KVO6 I^SSSSL^^VOY^si^^CA^^SI^I TIGER RIVER 278CN8
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      Page 41 Advertisements Column 2
      593 41 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg CONSOUDOTON SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 19/04 CAPETOWN 14/04 CHILE ETD SIN DURBAN 14/04 VALPARAISO 09/04 JOHANNESBURG 14/04 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 20/04 VALENCIA/BARCELONA 14/04
      593 words
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      Page 41 Advertisements Column 3
      994 41 lOOCL (Singapore) Pte Ud CPS Keppel Pistrpkl farfaiJ pasr-jjT 79 AasmßmJ #21-04 (S) ****** MSI3MH2I t mq+y ,75)) V UHLJ-i QNO 11I7S7SOOOOM Tat 777 7127 taK 3269 180 <3? fct *****13 Fti 221 3942 F«c 27* "»< J BOOTH IMIMU tm/ CAME* <> JMWTMUA TO USA SgV' SfO Si] CHI
      994 words
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      Page 42 Advertisements Column 1
      600 42 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR HO. **********00 BOOKINGS CALL DIRECT LiWE: *****41/43 JESSICA/CELIA/MEI CHAN jjj222nEHB3B 7 slgs/WEEK gEZEffiB 3 SLGS/WEBK VESSEL [VOY [SM [JAK [VESSEL [VOY \BM ISUR SNAP JAVA 924 1
      600 words
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      Page 42 Advertisements Column 2
      1235 42 (*****1 TWICE WEEKLY EVERY THUBSOAY/SUNOAY U32SI ARRIVAL FRED DAY-MONDAY vessel voy nrn »tm ham ntr l» mm vessel wv ibi fxt ham aim nfa MING EAST J7I4W I 1304 I 3004 0205 03(05 OMB MUG GLORY A7O6E SLO SLO SU) SU) SLO IM>4 GIBRALTAR (W A7ISW I 17/04 I IMB
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      Page 42 Advertisements Column 3
      414 42 9. Singapore Soviet Shipping OTtCo. Pte. Ltd. CR NO: 100S*****00N BOMBAY/COCHIN VESSEL VOY SIN BOM TRADE FAST ITSIB6 18/04 20/04 MEKHAMK KURAKO MK3IN 23AM 01/06 KOTA CAHAYA CAHIBI 29/04 07/06 SEA SUCCESS I 04M 09/06 17/06 ANNOUNCING REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA I VESSEL VOY SIN BOM/N.SHEVA TRANSOCEANIC 06-07
      414 words
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      Page 43 Advertisements Column 1
      1114 43 ASIA MHHTORANEAN EXPRISS(AME)-WESTBOUND SCRVICE i I VKSg. VOY SIN PKG CMB MIA GtN BCN HTM FtL LEH I MSC RAFAELA 9714-3 16 APE OMIT 21 APR 30 APR 02 MAY 03 MAY 08 MAY 09 MAY 10 MAY 1 N SINGA 9715-3 23 APR 24 APR 28 APR 07 MAY
      1,114 words
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      Page 43 Advertisements Column 2
      1326 43 vcsa ww mamc sny na» HffL vtssa Iwa swot hkg Iwsahlkhh hot kqm ncq shopi ttq 1 ms.ty* 1147 0444* JM«; um »44 oios KM 17.04 00. wtMN HiT JfW "JEST HST HST usr AfLMONBIA 1147 10.04* 144| 104 KO4 2044 0145 0105 MS. DANUK 4117 1044* 11j04 IM 0W
      1,326 words
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      Page 43 Advertisements Column 3
      529 43 THRIOI WBBKLVPIWBCT t6 HO CHI MINH dltV EXPORT TO HO CHI MIRH CITY IMPORT FROM HO CHI MIMH CITY vgsa wi w mr rTffWTn mm Iwsa ww n»na* |"'n»goM warm iti* wm mm ii/m m ii/m ramu wis m/m ii/m vm ■BOMsanuA ith mm o#/m» ii/m am is/m wmgshtosa «tis
      529 words
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      447 44 SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI S (*****7). TEL: *****00 FAX: *****98 KSM-WP* TLX; R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG I ETASHA I G.WEII 9710 19/04 24/04 28/04 6. LUCK 9710 26/04 01/05 OS/OS 0. GLORY 9712 03/05 08/0S 12/05 G.
      447 words
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      Page 44 Advertisements Column 2
      198 44 Carrier: MM CONTR LINES, MC rJv/VJ WNOilMllTllllll MBLh (W4) *****3 MAMUL(632)*****31 FPIAHa-WXWt BANGKOK: (332) *****37 SURABAYA: (31)*****0 P. KHANQ: (03) *****77 JKEgI)333BW7MPN;<SI) *****3 ACCEPTING ICL TO VANCOUVIR/TORONTO/MONTREAI MV "CHESAPEAKE BAY" V. 07E516 ETA SIN 15-04-97 AUCKLAND MV "B. TERASEK" V. 107 ETA SIN 12-04-97 CALL BOOKING: 220-2022 MARILYN/YONG/HAMIDAH/MAS/XIUHUA CALL: MAT
      198 words
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      Page 44 Advertisements Column 3
      138 44 t| S'por* I IVO4 IMnW«AiWUKMn I I 'MX 2QKM RdrrVAtwAJK/Nan I I 3004 RdnVAtwAJK I I 18AM RdrWAtwAJ K I Jijlil.lnflnmata J I oluravcTii I I I I Hodaidah/JaddtfVEgypt I A. HAZER Jeddah/Aqaba/ttafy 1 IS 6 MASTER Dubai/A Dhabi/DammaiVKuwait I 1 T-oada Singapore. E7W. Malaysia, frdonaaia I ELoalng HoGUI Lc*
      138 words
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      127 45 LEGEND: R Thunderstorm Temperotur. c X\ V Shower Weother *~y Wind direction with spe«d m knot* V CtoZdy Sky WoV Serfoce ww* or* iryjtcotKj by orrowi wfcidi tty wirii tke wind vl/ One fvj* circle represents cotm or light and voriabte winds 1 One hoM Heche represent* 5 knots I—»
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