The Business Times, 3 March 1998

Total Pages: 42
1 42 The Business Times
  • 12 1 The BusinessTim es MITA(P) IHVI2/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, MARCH 3,1998
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  • 67 1 Psrn 1610.64 (4.74) BT-SRI ***** (-9.42) BTCOMP *****4 (-5.82) BTMGA 847JL7 (+0.12) B MARKET MOOD: Mixed STOCK MAMETIHDICES Monday Change KLSECOMP 746.12 -014 NIKKEI *****.34 >432.67 HANG SENG -161.86 SET INDEX .538.17 *975 .JAKARTA ttlMP 496.73 +14,16 MANILA COUP 2180.56 +1416 TAIPEI WP! 9277.09 +74.63 SEOUL COMP 574.35
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  • 78 1 EXCHANGE SATES USS S3 iUS$ 1.628 1.661 2.704 DM 0565 0.903 YEN 100 0.801 1 304 MS 0.276 0.449 HK$ 0.129 0210 BAHT 0.023 0.037 RUPIAH 100 0.011 0.018 Interbank rata PRIME BATES SINGAPORE* 7.85 KUALA LUMPUR _..10.45 JAKARTA ....2100 BANGKOK 15.25 MANILA 17 50 HONGKONG 1018 TAIPEI .8.80
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  • 479 1  -  Singapore earnings forecasts range from 14% fall to 5% rise; Taiwan profits seen to be strongest By' Wong Wei Kong [SINGAPORE] Don't be surprised if the earnings season in Asia produces a few nasty shocks, market watchers say. As regional companies struggle
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  • 357 1  -  STII shows its resilience after 2% fall in shaky start By Ven Sreenivasan [SINGAPORE] The Singapore stockmarket proved to be surprisingly resilient yesterday in the face of what many had labelled a disappointing budget. After a shaky start, selective buying of index stocks and
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  • 376 1  -  Pata Travel Mart finds permanent exhibition site here Ny Frances Lui [SINGAPORE] The tourism industry in Singapore has pulled off a coup it has won the bid to host the Pacific Asia Travel Association (Pata) Travel Mart for 10
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  • 995 1  -  Cut in '98 land sales not going to help for next 12 to 18 months By] Diana Oon [SINGAPORE] The future supply of new private housing units might have been put in check by the government's latest decision to cut
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  • Page 1 Advertisements
    • 127 1 DCSTOE The Property Column Developers would have to cut prices of new units if the resale supply grows, says Lee Han Shih, Pg6 Set to dash Indonesia yesterday appeared headed on a collision course with international opinion as US special envoy Walter Mondale arrived in Jakarta with a message that
      127 words
    • 39 1 Whimpering kittens "The economic turmoil has reduced the Tigers to whimpering kittens and forced them to seek help from international agencies." -M'sianPM Mahathir Mohamad in unleashing a new attack on currency and stock market speculators. Full report, Pq 9
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    • 9 1 After the Budget, Pg 2 Market report*, Pgs 22-26
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    • 23 1 ft CHANEL EXCLUSIVELY AT CHANEL BOUTIQUES NGEE ANN CITY. 391 ORCHARD ROAD. SINGAPORE TEL *****20 ISETAN SCOTTS. 350 ORCHARD ROAD, SINGAPORE TEL *****21
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    • 8 1 Price war hinges on resale market, Pg 6
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  • SINGAPORE
    • 523 2  -  AFTER THE BUDGET Eligible are companies with fixed assets of up to $8m and total outstanding loans of less than $8m Ihr Carol Eng MORE small companies will now be able to tap the Local Enterprise Finance Scheme (LEFS) for standard factory
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    • 281 2  -  By. Annette Pau MANUFACTURING companies are not particularly excited by the latest tax incentives for industrial noise and chemical hazards control, though most reckon they would benefit in some way. Jerry Rodrigues, chief executive and president of listed printed circuit board maker Gul Technologies, said:
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    • 351 2  -  EYE ON THE ECONOMY Inflation Ihji Audrey Tan INFLATION hit households in the higher income groups hardest last year, mostly through higher transport and housing prices. The Department of Statistics' latest figures show the highest 20 per cent of house- noias ranked oy income
      Source: Dept of Statistics  -  351 words
    • 230 2  -  H,,\ Shiv Taneja LIKE Rip van Winkle. Singapore Unit Trust (SUT) has awoken after a 20-year slumber to launch a unit trust with a global investment mandate. A pioneer in the local unit trust industry. SUT manages a clutch of locally authorised unit
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    • 153 4 THE National Trades Union Congress (NTUC) has restructured its media operations un der one organisation NTUC Media Co-operative Ltd. Its publications NTUC News and Lifestyle, and broadcasting station Radio Heart now come under NTUC Media. Goh Chee Wee, chairman of the new co-operative, said the restructuring
      FILE PHOTO  -  153 words
    • 563 4  -  CAAS offers tenants variable rebates of up to 10 per cent on a monthly basis Hi, Jenny Lam RETAILERS at Changi Airport hit by a drop in passenger traffic have been offered rental rebates by the Civil Aviation Authority of Singapore (CAAS). Sources told BT
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    • 372 4  -  Ri/i Clarissa Tan THE familiar face of The Straits Times, Singapore's most widely-read English daily, is all set for a major makeover. The flagship newspaper of Singapore Press Holdings (SPH), along with the Chineselanguage Lianhe Zaobao, are headed for
      LIM SIN THAI/ST  -  372 words
  • Page 2 Advertisements
    • 144 2 Champ Gerard Poulard is back tSfflAmsimr Gerard Poulard nerds no introduction. Mention his mime and the word cheese springs immediately to mind. The affable Frenchman who calls Singapore his home in Asia is coming hack! However, he won 't he alone. He is coming with his family of cheeses. Make
      144 words
    • 171 2 Online, Multi-Currency, Ready to Use, Packaged Accounting Software g Sales Orders 0 Delivery Orders 0 Sales Invoicing 0 General LedCjer 0 Accounts Receivable 0 Purchase Orders yb' 0 Graphs Ratios 0 Accounts Payables 0 Stocks 0 Sales Analysis 0 M.I.S. Reports. 0 G.S T Returns 0 Job Costing 0 and
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  • Page 3 Advertisements
    • 326 3 lg The All New GS3OO The Relentless Pursuit of Perfection Lexus drivers have long known one irrefutable fact: there are two kinds of people extensive head and legroom. No douht they'll he moved to strike up a conversation on in the world. Those fortunate enough to own a Lexus and
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  • Page 4 Advertisements
    • 1132 4 universityof HRQHj universityof south Australia louisville Adelaide, Australia "The Top 25 Business Schools" Kentucky. USA #E9 n^a PhDgMBA Doctor of Philosophy in Rpmi|M|Rjll Business Management pyyj£y|lj]||gy| Ist Intake March '98 sth Intake April '98 Tuesday Nationally accredited by AACSB 100% in Singapore Fully accredited by SACS Min. 3 years Ranked
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  • Page 5 Advertisements
    • 276 5 DA!KIN wise Dai km and you uion't have to pag the price. Even today, Daikin's revolutionary "no mater" UAII central air-con system saves over $130.000 a year in a 25-storey office building. Imagine gour savings in the future! The building in question is John Hancock Tower. By installing cooling. Its
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  • FOCUS: PROPERTY
    • 597 6  -  THE PROPERTY COLUMN Developers would have to cut prices of new units if resale supply grows I<U Lee Han Shih HOW bad is the private housing market that the government has to cut back its land sales for the second time
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    • 450 6  -  From Quak Hiang Whai in Hongkong THE Hongkong property market showed some signs of recovery over the weekend as Ng Teng Fong's Sino Group raised HKS2.2 billion (*****.2 million) from the sale of its Majestic Park flats in Kowloon. The
      450 words
    • 599 6  -  Analysts fear foreign investors will now avoid investing in Thai property From Harish Mehta in Bangkok IN stealthily choreographed moves, Thailand's new Chuan Leekpai government appears to be scuttling a 10-month-old proposal by the previous Chavalit government to allow foreigners to own freehold
      599 words
    • 387 6  -  Industrial firms among those who say costs are mnch higher By. Ang Wan May [SINGAPORE] Close to half of 69 firms surveyed said business parks could meet most or some of their needs. But onethird of the firms said these parks, designed
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  • Page 6 Advertisements
    • 126 6 p—* New 4-Storey Warehouse At Sungei Kadut For Sale/Lease Total Nett Floor Area: 170,000 sq ft Tenure: 30 years wef 1996 Units from 9,730 sq ft to 40,000 sq ft Ceiling height: 4.5 morlo m Floor loading: 15 KN/sq mor 20 KN/sq m 10-ton hoist crane and cargo lifts Ready
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    • 187 6 I "vT" H 1 For Sale FALCON CREST at Ardmore Park Th. 1 Th. 1/ A/dmore ii H jjj Land Area: 27,279 sq ft approx. /j/ "S" Lot 644 TS 25 Freehold Tenure Ho^y Plot Ratio: 2.8 /V jp. V Hy BRvocv Height Control: Up to 30 storeys SUBJECT s
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    • 149 6 GROUND FLOOR WAREHOUSES at AMTECH BUILDING AbSSb'" I®MftHf?"""•■■ I Ini» fil lHOSftfr 2 PH» •tiinain New high-tech warehouse/factory building. 10 loading bays with docklevellers. With tenancies/vacant possession. Very reasonably priced. For further details please call: Brenda 320 2624 9312 1490 Karamjit *****29/*****343 Notice to the Bondholders of THE SANWA BANK,
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  • MARKETS IN TURMOIL
    • 821 7  -  February inflation up 12.76%, placing pressure on Suharto to stabilise rupiah From S N Vasuki in Jakarta INDONESIA yesterday appeared headed on a collision course with international opinion as an emissary of US President Bill Clinton arrived in Jakarta with a
      REUTERS  -  821 words
    • 422 7  -  Japan's vice-finance minister meets Anwar today From, Anthony Rowley in Tokyo WIDER use of the yen as a settlement and reserve currency in Asia is expected to figure prominently in discussions today in Kuala Lumpur between Malaysian Deputy Prime
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    • 508 7 Reuters [TOKYO] Japan's top financial diplomat, Eisuke Sakakibara, said the time may be ripe for creation of a new world monetary agreement to deal with financial crises such as the recent one in Asia, a newspaper said yesterday. In an interview with
      Reuters; FILE PHOTO  -  508 words
    • 185 7 BANGKOK Reuters THAILAND and the Asian Development Bank (ADB) yesterday gave the names of 10 leading banks, including Singapore's DBS Bank, which would lead arrange US$l billion (551.62 billion) in loans brokered by the ADB to help boost Thai exports, a finance ministry
      Reuters  -  185 words
    • 290 7 KORONADAL Reuters HUNDREDS of traders closed shop and brought this city to a standstill yesterday in the first mass protest by Philippine businessmen over Asia's financial turmoil. The businessmen launched a protest motorcade across two provinces on southern Mindanao island, appealing to
      Reuters  -  290 words
    • 541 7 Composite stock index has risen nearly 50% since beginning of year Reuters [SEOUL] Foreign net buying the driving force behind South Korea's stock rally hit a record high of 2.18 trillion won (552.3 billion) in February, and analysts yesterday
      Reuters  -  541 words
  • Page 7 Advertisements
    • 158 7 How many times a day do you see someone print out a document and then carry it over to the copier? If you had an Aficio system from Ricoh, the answer would be zero. You can connect it to J T multiple workstations, giving everyone the additional flexibility they need.
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  • FOCUS
    • 1148 8  -  ELECTION WATCH New solution will enable Suharto to regain the initiative in stabilising the rupiah while keeping to his IMF commitment By Yang Razali Kassim WHEN President Suharto mentioned the idea of •'IMF-Plus" in his speech of accountability to the People's Consultative Assembly (MPR) on Sunday,
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    • 579 8  -  Implementation can come later when 3 conditions will make it effective: Tanri Prrnn Yang Razali Kassim in Jakarta THE Currency Board System (CBS), which President Suharto sees as an answer to the volatility of the rupiah, must meet three conditions
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  • Page 8 Advertisements
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  • REGION
    • 377 9 KUALA LUMPUR M'sian PM also hits oat at international bodies for hindering region's recovery Reuters MALAYSIAN Prime Minister Mahathir Mohamad yesterday unleashed a new attack on currency and stock market speculators, saying they had reduced Asia's Tiger economies to "whimpering kittens".
      Reuters  -  377 words
    • 297 9 BANGKOK AFP THAI consumer product prices have soared 18 per cent since the shock floatation of the country's currency last July, official figures showed yesterday. Internal Trade Department director-general Suchai Jaovisidha said he will inform the cabinet of the price rises which
      AFP  -  297 words
    • 362 9 BANGKOK Opposition accuses 3-month-old govt of graft, inefficiency AFP THAILAND'S opposition yesterday filed a motion of no confidence against the government, accusing it of corruption and inefficiency, officials said. Former premier Chavalit Yongchaiyudh handed the motion to parliamentary speaker Wan Mohammed Noor who
      AFP  -  362 words
    • 245 9 KUALA LUMPUR AFP MALAYSIA'S tourism revenue in 1997 fell by one billion Malaysian ringgit (5J448.2 million) or 14 per cent from a year earlier but was likely to improve on the back of a lower ringgit, a minister was quoted as saying yesterday.
      AFP  -  245 words
  • Page 9 Advertisements
    • 204 9 I -f.V- r. J' j Jr/ 1 )lk w International Furniture Pair 0 yon need to attend In Aala q A must visit shov with the moat m exciting variety of International furniture ideas W I f+ 448 leading furniture manufacturers and thousand! ap of new product* k range* from
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  • ASIA
    • 560 10  -  INDIAN ELECTION Congress and United Front, ahead in 203 seats so far, will team up: analysts By\ Rajendra Bajpai in New Delhi THE Hindu nationalist Bharatiya Janata Party (BJP) and its allies appeared to have made significant gains as counting got
      560 words
    • 404 10 TOKYO Top US, EU trade officials in Tokyo for talks Reuters JAPAN yesterday came under fresh pressure from the United States and Europe to loosen the official ties that bind its economy and hamper imports. "I expect to make progress and I
      Reuters  -  404 words
    • 232 10 mTOKYO Reuters TOKYO stocks posted strong gains yesterday, as the key Nikkei average surged to its highest closing level since October on policy-makers' comments on the possibility of additional steps for the economy, brokers said. The benchmark Nikkei average finished up 2.57
      Reuters  -  232 words
    • 149 10 CANBERRA Reuters AUSTRALIA'S conservative government, possibly facing an election as early as July, talked up the economy yesterday despite poor trade data marring its second anniversary in power. Prime Minister John Howard and Treasurer Peter Costello told parliament's opening session for 1998 that the economy
      Reuters  -  149 words
    • 237 10 SEOUL Opposition MPs' blank vote* draw protests in assembly AFP VOTING on the approval of a new South Korean prime minister halted yesterday as mayhem erupted jn the National Assembly when ruling and opposition party members scuffled on the floor of the house.
      AFP  -  237 words
  • Page 10 Advertisements
    • 57 10 Results of tender for taxable book-entry Government Bond 1998 due 15 November 2004 to be issued on 5 March 1998 Amount Offered Allotted *****,000,000 LAmount Applied *****,000,000 f Interest/Coupon Rate 5.125% p.a. Average Yield Price on Allotment 4.20% p.a. and 106.916% Cut-off Yield and Price 4.23% p.a. and 106.737% Cut-off
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    • 588 10 IU J «1"» i -a Marine I Industries I I Keppel Marine Industries Limited I I (Incorporated in the Republic of Singapore) I 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 I The Directors of Keppel Marine Industries Limited advise the following unaudited results of the Company and
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  • THE WORLD
    • 322 11 WASHINGTON Manufacturing's strong showing could see economy growing up to 3% in Q1 Bloomberg US MANUFACTURING strengthened in February as production and new orders rose, the National Association of Purchasing Management (NAPM) said. The NAPM's factory index increased to 53.3 last
      Bloomberg  -  322 words
    • 510 11 PARIS a Several international Institutions hoping io acquire the bank AFP SPECULATION mounted over the future of Credit Lyonnais Ijßnk yesterday when German, Japanese and British fiinstitutions were said be interested in acquiring *ihe state-controlled giant be.ing rescued for the third time. The bank's
      AFP  -  510 words
    • 309 11 BILOXI, Mississippi Reuters TEXAS Governor George W Bush won a presidential straw poll of Republican activists from southern states on Sunday and a large majority also Said they thought he would be the party's White House nomi- tiee for 2000. Mr Bush, son of
      Reuters  -  309 words
    • 264 11 BONN Reuters GERMAN Chancellor Helmut Kohl said yesterday the defeat of his Christian Democrats (CDU) in Lower Saxony state on Sunday was disappointing but that he saw a good chance of winning the general election in September. The Social Democrats (SPD)
      Reuters; REUTERS  -  264 words
  • Page 11 Advertisements
    • 246 11 ML, j B\ I¥H pppp**^ ■V 81 PH| MH( HI M 111 111 MMBHIiBBH 7 MrfiTOiliiiMMfiiiaftmW/^ifjCTiTZ^^^^^^^MM Hr Hfl ~< >f ;..<: I .dmrinF ,gTTT' 188 >** s i v %ffi?«lSMWrf i l l J i <\ al TV Aspiring higher. Exploring further. \P This is the spirit of the Internotional
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  • Page 12 Advertisements
    • 178 12 Igi. I 11 I I t I I, J I n. t |l 'vV .sv. 1 H>*? s w -v: _?'3QE > lmp^WH*S jff* 2*-'■ >»*- w --'v., -<4;■ A- v: r jg^»aa^g9|9&i»se*\* y\4& v CVN*/■?***• *< v:-* t >'*•••*--.* > v voevo:; 1.-.-W' !■»s^v~^,. I}\^■ 1 i v t.y.vvv'.i
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  • EDITORIAL & OPINION
    • 747 13  -  THE BOTTOMLDVE OPINION By Yogi Aggarwal The writer is a Bombay-based journalist who contributes regularly to BT IN ONE of their rare acts of co-operation, India and Pakistan have decided to jointly fight the granting of a patent to a US company,
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    • 124 13 'My reaction is that free speech not only lives. It rocks.' -Oprah Winfrey US talk show host, on the vitality of democracy. 'Elections have become auctions.' -US Senator Byron Dorgui after the latest effort to overhaul the nation's campaign finance laws was shot down once again on
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    • 712 13 EDITORIAL AS was widely expected, Singapore's 1998 budget had a lukewarm reception in the markets. But it was significant that after opening on a strongly negative note, the STI Index closed the day just under 5 points down. Of course, fiscal policy cannot be guided
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    • 1111 13 They were overly optimistic but the few who gave warning have been vindicated by recent events The Economist ASIA'S currencies and stock markets have plummeted. Mass bankruptcies and sackings loom in Thailand and South Korea. Japan is stagnant. Lethal riots are breaking out in Indonesia.
      The Economist; FILE PHOTO  -  1,111 words
    • 826 13 Suharto's accountability INDONESIAN President Suharto's accountability speech delivered to the People's Consultative Assembly (MPR) must have been the toughest he has had to prepare since 1973... Achievements have been overshadowed, in some cases even eliminated, by the economic crisis that has gripped the country. This year's
      826 words
  • Page 13 Miscellaneous
    • 32 13 DOOHESBPRY By Garry Trudeau I I OlfrOUR3/6PLANS MAVBEkJE'RE TUB BUSINESS REMAINS STRONG. P KRA NSWMSPIA MAKE- NOT-READY- FOR- ANOMAL* AIL OUR CHARACTERS HAVE ™j| ABOUT OR I I wfiewmks n \*™»j 8UT8.P....
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  • Page 14 Advertisements

  • Page 15 Advertisements
    • 239 15 Where to wine, dine and entertain... gjH mt£ s kttp:// www.ana-hotels .com Not just seafood either. Visit our Home page and you can order toniglit s dinner i n our cyber selection. Browse tlirou gli the menu, leave us your order and it'll be ready to pick up before you
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    • 284 15 v JL, «< Now at *jV THE HEEREN in Orchard \|y jflut/ientic 3£ai Cuisine Exclusive to f|H The Business Times readers. jjjk V Just present this ad to B f enjoy 15* discount —At THE HEEREN outlet only Offer valid till 31 March 98 mKm*. For reservations, call 736-1998 S
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    • 223 15 Buy It. Sell IL Find It. Classified. CATS. Call Today For Results Tomorrow. **********6 ONL w» it »V PER CRAB (only available every Tuesday A Thursday jaQQk night till end of Febrwaf y l99B 4HDP (For dine in only) While Crabs Last! So hurry down to J, Clementi Garden Seafood
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  • Page 15 Miscellaneous
    • 747 15 TVVRADIO Premiere 12 730 Boston Commpn His 3.00 CDIS. U^ti:T»T77iTrsl^^^^— 9 m pm TV innnvatinnc And Her P es (See Our 4.00 Chinna Chinna Aasai (r). 4.00 Kidz Blitz Alf Choice). 430 Chinna Kuyili (r). 1 BTT" 1 430 Lh ao Under One Roof (r>. 5.00 Akkam Pakkam (r). Jill
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    • 146 15 CROSSWORD mark DOWN 14 Elevator said to be used in YESTERDAY'S soLimoN 2lt could hold a 10, of cham- pagne for the old king (8) 6 A platitude about leadmg f^AlflKCTAfslHWgfnHffkß 3 Art gallery? (7-5) s unselfish concern for M»M i ■RMEBoUwMgy 4 Incursion, having a rod in fwjqlpj i|g
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1086 16  -  The Erinvale course in South Africa is superbly designed with a spectacular backdrop, says mickl&us D'csuz NICKLAUS D'CRUZ The writer's trip to South Africa was sponsored by RCI, the vacation timeshare company. RCI has an qffiliated Crown Status resort at Sun City the Sun
      1,086 words
    • 580 16  -  By\ Nicklaus D'Cruz GOLFERS attending Golf Asia '98 from March 12-15 at Suntec City can look forward to catching a slice of the recent PGA Merchandise Show held in Orlando early this year. It is at this US show that major
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  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 511 17  -  Group could have reversed downward earnings trend if not for $7.4 m previsions Reports by Christopher Tan [SINGAPORE] If not for provisions for higher taxes following investigations by the Customs Excise Department, listed Inchcape Motors could well have reversed a downward
      511 words
    • 297 17  -  Sale, raising some $75m, reduces its stake to 59.84% W Ven Sreenivasan {SINGAPORE] Sembawang Corporation has sold another 10 million Jurong Shipyard shares, representing 7.17 per Cf nt of the latter's capital. At $7,531 per share, the sale would have helped SembCorp raise
      297 words
    • 676 17  -  HOCK LOCK SIEW David Boey ALTHOUGH a hefty 60 per cent of Singapore Technologies Engineering's annual turnover of $1.4 billion comes from defence-related work, precious little has been said (let alone written) about its core skills in defence science and weapons
      676 words
    • 301 17 [SINGAPORE] Inchcape pic will undergo a major restructuring that will see it sell or spin off about one-fifth of its businesses and make it a focused motor group. In an announcement released yesterday, the Londonbased international player said it would de-merge its South
      301 words
    • 397 17  -  Provision for losses on Saga Petroleum job included Hy< Conrad Raj (SINGAPOREI Keppel Fels, the rig building arm of local conglomerate Keppel Corporation, reported a 63 per cent plunge in net profits to $20.3 million for its 1997 financial year, after
      397 words
    • 172 17 (SINGAPORE] Overseas Union Securities (OUS), the closed-end fund of Overseas Union Bank, yesterday announced a 15.4 per cent fall in the group's net asset backing per share to $2.64 for the year ended Dec 31,1997. Turmoil in the region's currency and equity markets led
      172 words
    • REGIONAL COMPANIES
      • 556 18  -  Group has hoped to see profits from I Guangzhou, Shanghai projects by this year :b>,< Teh Hooi Ling Z {SINGAPORE] Plunging office w rentals in Shanghai and Guangzhou have wiped out the anticipated profits of Met>ro Holdings' China projects > this year.
        556 words
      • 216 18 Bloomberg [HONGKONG] Hutchison t Whampoa Ltd, Hongkong's biggest conglomerate, bought a British port, extending a t campaign to boost its UK car;l go capacity. Hutchison International > Port Holdings Ltd, the compart ny's port unit, said the compaj ny bought Harwich Internals tional (Holdings) Ltd
        Bloomberg  -  216 words
      • 200 18 AFP, Reuters [SINGAPORE] A foreign arm of CDL Hotels International Ltd, part of the Singapore property developer. City Developments group, said pretax profits rose 32 per cent from the previous year to £63.5 million (*****.5 million) in 1997. The profit at Millennium
        AFP,; Reuters  -  200 words
      • 49 18 [MANILA] A Filipino worker installs additional telephone lines in the northern mountain resort city of Baguio on Sunday. Local telephone companies have until this year to complete their rollout programmes to install up to 700,000 land lines so that their provisional licences will not be revoked. REUTERS
        REUTERS  -  49 words
      • 185 18 Bloomberg [MANILA] Ayala Land Inc said it will swap 700 million new shares for properties, signalling plans to expand during an ebb in the Philippine real estate market. The shares are valued at 14 billion pesos (***** million) at the current market price
        Bloomberg  -  185 words
      • 377 18  -  GSM business not included in parts of firm Tiptel is buying By. Annette Pau [SINGAPORE] Mainboardlisted IPC Corp may end up getting nothing from its 37.5 per cent stake in Hagenuk Telecom GmbH, said an executive of Tiptel AG which emerged
        377 words
      • 112 18  -  LETTER TO THE EDITOR Ho Kah Yin (Ms) Group Financial Controller Goodwood Park Hotel Limited WE refer to the BT March 2 article headlined "Teck Puat offers to sell his Stanchart stake: report" about Tan Sri Khoo Teck Puat's shares in Standard Chartered Bank
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      • COMPANY Briefs
        • 44 18 [SINGAPORE] OCBC Bank has transferred its interest in Kim Seng Properties to Eastern Realty through the allotment of Kim Seng's 225.65 million ordinary shares of $1 each to Eastern Realty. Both companies are fully-owned subsidiaries of the bank.
          44 words
        • 40 18 [SINGAPORE] Cash can now be used to buy CPF-approved unit trusts, the Central Provident Fund said yesterday. Previously, only CPF savings could be used to buy CPFapproved unit trusts under the CPF investment scheme.
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        • 53 18 [SINGAPORE] OCBC Bank and Hongkong and Shanghai Banking Corporation have agreed to lend $245 million to Everbuilt Developers, a subsidiary of Marco Polo Developments. This amount is in the form of a five-year syndicated transferable loan to finance the land and development costs
          53 words
        • 49 18 [SINGAPORE] Poh Lian Holdings has bought a piece of property at Defu Lane from Ngai Mee Packaging Industries. The purchase price is 18.5 million. Poh Man will use the property for fabrication of scaffolds, and repair and maintenance of gondolas and work platforms
          49 words
        • 75 18 [SINGAPORE] Acer Computec Latino America, an associate of ma in board-listed Acer Computer International, has reported a 64.7 per cent drop in net profit to US$l5.3 million (5524.9 million) for the year ended Dec 31. This fall, according to the company, was largely
          75 words
        • 72 18 AFP [BANGKOK] Thai telecommunications giant Shinawatra Computer and Communication pic posted a massive net loss 0fU*****.3 million (*****.5 million) last year on the back of the falling baht, the firm said in a statement yesterday. Shinawatra recorded a loss of 5.64 billion baht (*****.5 million)
          AFP  -  72 words
        • 82 18 Bloomberg [BANGKOK] National Petrochemical pic said it lost a greater-than-expected 3.59 billion baht (SSI33 million) last year, from a profit 0f584 million a year earlier, mainly because its foreign debt increased following a currency devaluation in July. Per-share loss at the Bangkok-based chemical producer
          Bloomberg  -  82 words
      • 64 18 Corrections clarifications IN A report on Feb 28, we said that shareholders of CAM International had approved the company's package of self-help measures. This is incorrect What was approved were the FY96 financial accounts and other resolutions contained in the notice of the annual general meeting. CAM will hold another
        64 words
    • INTERNATIONAL COMPANIES
      • 450 19 Mm to oust PacifiCorp from struggle for British ptwer company Bloomberg [LONDON] Texas Utilities Co agreed to acquire Energy Group pic for £6.17 billion (5516.7 billion) in cash and assumed debt in an attempt to knock PacifiCorp out of a struggle for control
        Bloomberg  -  450 words
      • 130 19 Reuters [TOLEDO, Ohio] Owens-Illi-nois Inc said Sunday it signed a definitive agreement to acquire the worldwide glass and plastic packaging businesses of BTR pic in an all-cash transaction valued at US$3.6 billion (555.9 billion). The deal is expected to be accretive in 1999 and
        Reuters  -  130 words
      • 229 19 Reuters [LONDON] Shares in Glaxo Wellcome pic dropped 2 per cent in early trade yesterday after conflicting reports around the drug company's likely next move following its abortive merger with SmithKline Beecham pic. Glaxo shares traded 34p lower at £16.66
        Reuters  -  229 words
    • FINANCE & COMMODITIES
      • 342 20 Guidelines to ensure safety when they invest in derivatives Reuters [HONOLULU] US banks may soon undergo a new type of federal regulatory review, which aims to ensure banks operate safely when they invest in financial derivatives and other products, a Federal Deposit Insurance
        Reuters  -  342 words
      • 226 20 «i—u» Jjeport Reuters [SINGAPORE] Simex Euroyen futures were steady to a touch firmer yesterday as easier cash rates offset the negative impact of stock market gains and renewed talk of further economic stimulus measures. "That should be negative for the Euroyen, but I guess
        Reuters  -  226 words
      • 178 20  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia boh, service dealer, Refco S'pore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose 3.80 points with a premium of 6.5 points to cash at its close. Banking and other financial stocks led the
        178 words
      • 225 20 ENERGY REPORT Reuters [LONDON] Rock-bottom crude prices have made investors wary of oil stocks but some British fund managers yesterday said the time to buy again might be approaching. Even so, a study of company and market fundamentals would be critical for success, they
        Reuters  -  225 words
      • 255 20 AFP THE yen remained firm early yesterday afternoon on the London forex market, still supported by speculation about new government measures for stimulating the Japanese economy, traders said at lunch-time. The US dollar was trading at 125.07 yen against 125.11 in the morning and 126.11 yen on Friday
        AFP  -  255 words
      • Article, Illustration
        1097 20 BTBUUHCMMMWI Afarj? f> ecu ffr 0. hkjh,**! wi 1 Cfrifa «iii m jm mffm m AcstraN* 19TO 6.178 0.421 4.10 1227 5JT4 *****60.069 0450 2469 *****045 UOF U8149M 2Uf7,»lP 148 Oil> Canada 10H 5.828 0.641 4244 1265 5.437 27.657 61.923 1877 10JK 2.545 *****0.973 ***** U43 3.463 1024 22j49V 30.681
        1,097 words
    • 1136 21 SI COM FUTURES Afar 2 mmm m»n 8SS1 COMTtACT(J uattA*) CloM «*M Op* fMpp IMfr |BL> fiftl*. xwte V* CO.75 120.25 120.00 1000 925 122.00 4075 5S* 131.00 1»M oS S «M 2»3 M -.i. y V** u RSS 3 CSNTMCT Oft <«*/*) tMMM OpM mm i flw*
      1,136 words
    • 1667 21 3IGroup 589 M 7 «>«» 22 AMOontd 567 -t6 A»e« MS 6.400 AvlaOoup 203 *1 ■ATM *****0 *29 KPk 31UOO *8 ■ICC- MS ♦12.600 •OCGfMp 996 *38 >■"■'■ mi »24 ■T» W7 ***** Banket Scotland 671 -19 Barclays 1829 23 •Mi 100 -3 ■kjeClrclelnd 390 ****** —917
      1,667 words
    • 1532 21 AFP *****7 JAPANESE share prices rallied yesterday on reported remarks by a ruling party leader calling for the use of funds from postal savings to bolster the stock market, brokers said. The Nikkei stock average of 225 selected issues on the Tokyo Stock Exchange rose 432.67 points or 2.6
      AFP  -  1,532 words
    • Article, Illustration
      1461 22 AFP Q Hang Seng -MLB6 HONGKONG stocks closed sharply lower yesterday, led by profit-taking in index futures and China plays, with brokers cautious on the nearterm outlook. "We saw profit-taking in futures leading the index down and profit-taking in red chips," said Tom Leventhorpe, director of sales and trading
      AFP  -  1,461 words
    • Article, Illustration
      586 22 Bridge News QShenzhenßlndex -OJ7 SHANGHAI B shares rose 0.34 point yesterday to 59.07, while Shenzhen B shares ended the day down 0.97 point to 96.97 in light trade. Both A share markets closed down with Shenzhen falling 13.73 points to 385.33 on disappointing year-end results from some large-capitalisation stocks,
      Bridge News; Source: Credit Lyonnsis Securities(Asia) Ltd  -  586 words
    • 364 22 AFP QWPUn *7153 TAIWANESE share prices rose 0.8 per cent yesterday to their highest level so far this year on strong buying of cement and plastics issues by investors who switched their attention from technology plays, dealers said. "Investors shifted their interest from technology issues to other plays," Lai
      AFP  -  364 words
    • 245 22 AFP W Wellington +U3 SHARES ended 0.1 per cent higher yesterday, heartened by stable Asian markets. The NZSE-40 Index closed at 2,288.40, up 1.93 points. Turnover was NZ567.2 million. "It was a touch weaker in the morning but firmed later in the afternoon," said a broker—AFP *r i vs
      AFP  -  245 words
    • Article, Illustration
      800 22 AFP SET Into: *175 THAI shares closed 1.8 per cent higher yesterday as investors hunted for bargains in blue chip stocks and the export sector, analysts said. Analysts said foreign investors weighed in to buy large capitalisation stocks in the banking and telecommunication sectors, pushing the market higher for
      AFP  -  800 words
    • 398 22 AFP rlOmpogita Index +15.37 SHARE prices closed 2.7 per cent up on the Korea Stock Exchange yesterday on foreign buying as sentiment was boosted by the won's rebound and a record February trade surplus, dealers said. They said the expanded daily trading limit also reduced speculative trade and diminished
      AFP  -  398 words
    • 585 22 AFP NAD Ordinaries +0J& SHARES closed barely higher yesterday after late profit-tak-ing pared strong gains in the morning, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, gained half a point to 2,697.9. The All Resources Index closed up two points at 1,138.8 while the All
      AFP  -  585 words
    • Article, Illustration
      658 22 AFP frjftmpoßtefalg ♦1436 INDONESIAN shares rose 3 per cent yesterday, following gains in selective big stocks on technical-driven trading, dealers said. "If you look at the volume, it's actually thin. Although the index was up, the only explanation is it's on the back of big cap gains," said Adnan
      AFP  -  658 words
    • 291 22 AFP giumh *um PHILIPPINE share prices closed 0.6 per cent higher yesterday due to last-minute buying, analysts said here. The Philippine Stock Exchange Composite Index rose 14.26 points to close at 2,280.56 points. Turnover fell to 2.128 billion shares worth 2.415 billion pesos compared to 2.418 billion shares worth
      AFP  -  291 words
    • KUALA LUMPUR STOCK MARKET
      • 397 23 AFP n Composite Index -&24 MALAYSIA'S key stock index closed barely changed yesterday in quiet trade on a lack of fresh leads, with selective buying offset by profit-taking, dealers said. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index ended at 745.12 points,
        AFP  -  397 words
      • 8099 23 iwhii urn i Cmmmmt pntott Last Vol Day Nat C« Nl 9» laai Ca«n»any SaM OOP high law P/t *mM 310 WO Ajloomolo 260 14.4 105.4 M8 73 Anqkasa 128 -2 63 132 128 3.0 188.7 290 123 Apodo Food Mlq 230 S 1 230 230 6.7 92 0 3M
        8,099 words
    • WARRANTS & OPTIONS
      • 231 24  -  WARRANT WATCB By Ven Sreenivasan THE stock of infrastructure-based L&M Group Investments jumped to the top of the actives list yesterday, gaining eight cents or 12 per cent to 73 cents on a volume of 41 million shares. Dealers and analysts seem to
        231 words
      • 3386 24 BONDS, LOANS WARRANTS wt 19*7/98 Last Vol Day Last Quote A»a Law Stae Cimpmy Sale ♦er- (*000) HI«K La* Buyer SaMar Price ~68 9 m 3000 m A MOB cS.5%*****6 18 1 1 173 19 81 8 3160 "Acer ******1USS 16 »1 12 16 1S.5 15.5 16 131 8.5 3164
        3,386 words
    • 2152 24 Transaction Date :Mar 2 MALAYSIAN STOCKS Or Or 1MWM Last Vol Day loot Ouoto Hi Ml W M MC« hm» l— stuo tmmm rooot wm> L— Buyor mw or w ~«78 28 m ***** AIS8 50c— KK 1 396 112 106 KJ7 «0 SO U to 423 Soix
      2,152 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1587 25 Twwora rooo) vAiwroow* cm r*m *w o>* tx* "HS? 57,074 213,653 292,050 49,51* 337,640 nww* wn 20,874 3JW47 69.968 20 893 nO.Ml i-»34 1093 5*47 *050 I7» 6,429 l3 an w 3 60.006 MM 64.295 «"*«*>" 1«H 3t*» 1429 MM J*** *n us tt» m •U* 5.604 24.922 33,330 2.046
        1,587 words
      • 4635 25 Transaction Of 6r M Wt W97/98 Last Vat Day Last Ouata Mr Wv Y* Nat Cap Avg Laai »t»a Ciipwy Sata fOOO) HM» Law Burgr »—or Cur M $3 Prtco 157 18.5 a 1020 ACE Dynamics60c 38 106 39 36 36.5 38 311 38 5146 ASE NT$***** US-
        4,635 words
      • 887 25 i** yy, 08* L*«t Owtf M* M* Ntt Ca» a!J c—p—T Wi COOOl lw mrrm Mh> Cw p/t Ww 186 76 2000 AMHM«sSc 104 -2 IT KM 101 K>4 112 3.0 6.0 01 1436 «*J h36 It, 51 215 210 212 214 15 ON 6.0 0.7 173 243J 216
        887 words
      • 212 26 Stacks Votomt L&M 50c._ 40.966.000 Easyknit HKIOc 37.276,000 'Renoog Bhd 50c 13,749.000 JurongShip 50c 10,218.000 Keppei Land50c 8,513,000 IPC Corpn 5c 8,277.000 DSSLand 7,947,000 STEnqglOc 7,709,000 'Refcapacific Bh 6,879,000 Wing Tai 25c 6,409,000 Stacks JurooqShip 50c t 77,245,500 DBS Foreign 32,440,565 SU Foreign 30,745,102 U06 Foreign 27,809,102 L&M 50c 21,038,415
        212 words
      • 629 26  -  STOCK MARXBT COMMENTARY Shares prove resilient as light but steady baying keeps STII above key 1,600 level By Ven Sreenivasan [SINGAPORE] After threatening to go into a freefall in the first half hour of trading, Singapore stocks recovered on the back of
        629 words
      • Article, Illustration
        58 26  -  by Shiv Taneja IPC Corp closed one cent lower yesterday at 20.5 cents on a volume of 6J27 million shares compared with its 10-day traded average of 7.8 million shares. In the near term, there is more downside, according to the daily RSI and Stochastics. But the medium-term
        58 words
      • ON THE GRAPEVINE
        • 105 26 US INVESTMENT management giant Alliance Capital Management will make its unit trust debut in Singapore later this month with the launch of a unit trust with a global investment mandate. Although the fund will be sold through third-party distributors like Standard Chartered Bank, Alliance has been beefing
          105 words
        • 47 26 BRUNEI is widely expected to increase its investment in Malaysian companies after the visit by its monarch last week and one potential beneficiary could be Malaysian Airline System. The sultanate already owns a stake of 9.09 per cent in the airline.
          47 words
        • 87 26 CONSERVATIVE banker Amirsham Aziz, managing director of Malayan Ranking, is now sitting on a paper profit of about 2,600 Malaysian ringgit (551,165.32) on his recent investment in the bank. His two lots of Maybank are now worth RM28.600. His cost was RM25.995, based on
          87 words
        • 38 26 A STOCKBROKER had this to say about BT's fi-ont page headline on Saturday, "A thinking man's budget": "Yah, we're all thinking about what we could have got out of the budget but didn't get."
          38 words
        • 125 26 IT IS not as if Indonesia does not have enough trouble. Now a research, published In the magazine Conservation Biology, Is warning that the overuse of pesticide is killing bees, birds, butterflies and other pollinators. This in turn threatens the yield of major food crops, not
          125 words
        • 77 26 THIS is beginning to sound familiar The latest report from Taiwan said major soft-drink makers will raise prices by 10 to 15 per cent in July to reflect higher production costs. These companies are hit by a double blow of higher material costs— cans, bottles, PVC bags, glass,
          77 words
        • 89 26 SINGAPORE companies are not the only ones to be hit as a result of going regional. Talk is that many Chinese companies, especially the contractors, are also suffering for the same reason. A case in point is a subsidiary of a company from a southern province which issued
          89 words
  • Page 17 Advertisements
    • 123 17 At our Centre you can enjoy all the facilities of a World-Class Venue with a special touch of local flavour and hospitality. And whether it's for 20 or 2,000 we'll give you all the support you need. Choose from 26 Meeting Rooms, a Ballroom, an Auditorium, Gallery ll| or spectacular
      123 words

  • Page 18 Advertisements
    • 305 18 BUDGET TALK '98 j§§ K iFEpV' -r Find out what Finance Minister'Dr Richard Hu's budget means to you and 1% BBW-: our during the uncertain year of financial turmoil and slow growth. >•> 2* rJSJ <v 2ft Organised for the first time by The Straits Times Money Desk, the half-day
      305 words

  • Page 19 Advertisements
    • 69 19 MORE THAN JUST A HOME IT IS SINGAPORE'S LARGEST SERVICED APARTMENTS WITH THE MOST FACILITIES AND FEATURES size swimming to Orchard at the 6-screen cineplex. J Shop at one of the largest hWH mk Great su IT'S A GREAT NEW LIFESTYLE! GR£^Wgj?RLD (A Member of the took Group) 2 Kim
      69 words
    • 883 19 Overseas Union Securities Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Securities Umited wishes to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 The Group The Company 1997 1996 1997 1996 SS'OOO SS'OOO svooo sswo Operating Income 4,061 5,992 (32.2) 3,882
      883 words

  • Page 20 Advertisements
    • 572 20 IHtl'.l'.f JIFELS Keppel FELS Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 The Directors of Keppel FELS Limited advise the following unaudited results of the Company and of the Group for the year ended 31 December 1997: COMPANY GROUP 1997 1996
      572 words
    • 20 20 It's a y'oy using 4-"' The Straits Times B Classified to find the ideal escapade or family > vb f jcAT^
      20 words




  • Page 24 Advertisements
    • 31 24 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE CITI NEVER SLEEPS Branches Shenton Way 268 Orchard Road 21 Jurong East St 13 www.cilibank.com.ig
      31 words


  • Page 26 Advertisements
    • 907 26 BUSINESS Notices To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GHD MACKNIGHT (ASIA) PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBER S VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of the abovenamed
      907 words
    • 505 26 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Singapore Press Holdings Limited (the "Company") wishes to announce that the Directors of the Company have exercised the powers granted to them pursuant to Article 32(1) of the Articles of Association of the Company to reduce the prescribed percentage
      505 words
    • 108 26 KEPPEL TELECOMMUNICATIONS A TRANSPORTATION LTD (Incorporated In Iht Republic of Singapore) LOST CERTIFICATES NOTICE IS HEREBY GIVEN that share certificates not *****0 to *****5 covering 1.000 shares each in the name of Smnathamby Seeveratnam have been reported lost NOTICE IS ALSO HEREBY GIVEN that new certificates wil be issued and
      108 words
    • 59 26 MOVING FORCE PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Final Meeting of the Members of the above-mentioned company will be held at No 6 Jalan Ampas *03-01 Singapore *****7 on 3 April 1998 at 11.30 a.m. for the purpose stated in Section 308 of the Companies
      59 words
    • 18 26 GOT TO 1 ju See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts Ljllj
      18 words
    • 14 26 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. CATS. 1800-737-1166
      14 words

  • SHIPPING TIMES
    • 297 27 Bridge News, Reuters RATES are still strong in the Far East with Japanese charterers active, brokers gffVL A few charterers misreading the market had been holding back cargoes and some are still quoting for round voyages and trips back to the Atlantic. But tonnage remains tight for the
      Bridge News,; Reuters  -  297 words
    • 228 27 rwT^Lin»Mii>— g>» ClMMrfff* 0.44 -0.035 29 CMCl|MMpp(.0JI9 FrsMrt Uftfcs (U49 -0.005 222 GariMOn* 0-34 inch WO HaiSgnHMp 0.65 -&M 646 NKkMZmw 0.635 gnclt 44 IXC lloWwp HK 5-6 JlWWIhll 0.455 *0.01 5 Jurona SMpytrti 8.00 *0.40 I02W K«o»MCori> 4.46 -020 >477 KawMFCLS 4.64 -034 192 1.33 -0.01 4
      228 words
    • 626 27  -  Government taking steps to solve problems at Chittagong port, shipping minister says By Marcus Hand [SINGAPORE] Bangladesh is taking steps to upgrade and expand its port facilities, with the help of private investment, and cut down on congestion and berthing delays at its main
      626 words
    • 384 27 Bloomberg [SYDNEY] Chris Corrigan, chairman of Patrick stevedores, said a bitter dispute over control of Australia's wharves has so far cost the company As 4 million (Ss4.36million). In an interview with the Bloomberg Forum, Mr Corrigan also said Patrick might use wage
      Bloomberg  -  384 words
    • 278 27 Reuters {AMSTERDAM] Dutch shipping and tank storage firms Van Ommeren and Pakhoed said yesterday they would merge under the name VOPAK. Holders of one depositary receipt for a share in Pakhoed would receive one VOPAK share, while one depositary receipt for a Van Ommeren share
      Reuters  -  278 words
    • 766 28 JAPAMBSB OAR INDUSTRY Many Japanese carmakers face losses as their heavy investments in Asia are hit by the region's financial crisis AFP CARMAKERS In Japan are crumbling under the strain of Alia'* financial crisis aa their heavy Investments in the region bring only pain. With
      AFP  -  766 words
    • 234 28 PAOC Dongnama 7 ACL f £CL S AMI J Ethiopian t i Accord I FoongSun 6 ApponsMp 5 C Unfc 4 Astra 4 Gamartrans i Astro 3 Cansftpg 9 Austral 9 Hal Sun Hup ISA 7 Hangll 9 latamlndo 7 Hanjta 3 layswatar
      234 words
    • 24981 36 THEBUSINESSTIMES THEBU SINESSTIMES EXPORT ETA ETA Advertiser Vessei Voyage T»i«pHont ETA ETA Advertiser Vessel Voyaq* Telephone SIN Desfn Nam* Nam* Number Number SIN Oest'n Name Nam* Number Number •MMgaNMMMNHHMMMNMMMMMKMMMNMMMMMHMMNMmKMMI ■■HHNIMHPHHMHHMHMHHHHHMHMHNHHHM A To BARCELONA (BCN) 2042 Spain To ABIDJAN (ABJ) 2003 01/01 m/m Trieitioo nuova trieste 020i-02iw 65-*****35 Ivory
      24,981 words
    • SHIPS IN PORT
      • 698 41 Vtm« voyNe Nfth Arrl»«l Doportur JM|M J *4 01.01/1000 J iS* WO*W JOI SBS 02 03/1500 It:}.. ojoj/woc WW JOI «M«4l 32 03,1500 SSf" S2S 4! SHymi 5!£1»„ HPS Mi'iim oi.oi/iooo ES"" 417 252! J® otovnoo IgL 2P" -S 01.01/1000 Mglpa Jfi Jff «m«mi 04.01/350 £"2* 03/* J»
        698 words
      • 1202 41 jjgwgjg of mmi fcl cowtaiwrs and lci camp Boofctng/l«iMC« Ritls Ship voy Wo ttb/ltr Nrtod Na To From »mnr* i jotm m/moo m ovimo ovm» oi/hm i :rsx :iM>i ;i,w a turn worn mm tl OVW 01/0*51 01 040C I ovoroo ww ovmoo 4 03/UOO OVMM ovoo raSST"
        1,202 words
      • 207 41 afar 17 United Kingdom: St Patrick's Day. Mar 80 Japan: Vernal Equinox Day. Mar 21 Mexico: Juarez Day. Mar M Greece: Independent Day. AprS Hong Kong: Chlng Ming Festival. Apr 7 Brunei: Harl Raya Haji. Malaysia: Harl Raya H*)l. Apr a Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr
        207 words
      • 838 41 THIS report complied by Cockett Marine Oil Ltd. »how* price ranaea In US doUan lnttead ot dngle price* ft* a mora comprehenalve description of the market. Prlcee ahown are baaed on average- lied item. Market movement* are Indicated. The Cockett Bunker Price Index change and the
        838 words
      • 482 41 CwtM MO Mm 1014.5 0.1 M.I 0.M 100 0.0S frt* DowRf wataf NMin Art UMw MM No otow C28 S 0 0 4 I 0 JET 300 Aw NU 0.4 13.0 0.04 14 041 low 300 Mm W2.0 10 M.9 0.M 44 0.04 »IA »n/h »M/M
        482 words
    • AIR & LAND TRANSPORT NEWS
      • 443 42  -  Carrier recently made an investment of nearly USs6om in two secondhand 8747-200s By] Marcus Hand [SINGAPORE] United Parcel Service (UPS) has demonstrated its long-term confidence in the Asian market with the purchase of two Boeing *****0s for deployment in the region.
        443 words
      • 383 42 Reuters [SINGAPORE] Rolls-Rpyce pic is close to clinching deals worth well over US$2OO million (320 m) to upgrade Boeing 747 engines for British Airways pic and Qantas Airways Ltd, industry sources said. If the deals went ahead, they would substantially increase cargo capacity on
        Reuters; REUTERS  -  383 words
      • 147 42 Reuters [FRANKFURT] German airline Deutsche Lufthansa AG said on Sunday it did not wish to comment on media reports that it was in negotiations to buy a stake in Thai Airways International. "We do not wish to make a statement for
        Reuters  -  147 words
      • 114 42 AFP [HAMBURG] The head of Britain's Rolls-Royce Motor Cars, Graham Morris said in an interview published here on Sunday that a takeover of his company by a foreign group would bring more opportunities than risks. He told the Sunday edition of Die Welt that
        AFP  -  114 words
      • 414 42 pbobbs nrro air crashes Pilot error to blame for crash, say news reports Reuters [TAIPEI] As Taiwan's news media reported that pilot error was to blame for the island's worst air crash, officials said on Sunday no conclusion had been made yet. "Aviation
        Reuters  -  414 words
      • 414 42 AFP [MANILA] The Philippines Air Transportation Office (ATO) and the pilots of a jetliner that crashed killing all 104 people on board were both at fault in the tragedy, an insurance investigator was reported as saying on Sunday. "Based on our assessment,
        AFP  -  414 words
      • 1517 42 OTT fUCHT ETA FlIWfT CTQ imtmi vm ow snoa mo cz»4 no A—HQ 8A7381 830 8A7382 2050 SM0 1818 Of81 1930 0f82 2050 W4I 1310 VW740 148 S0229 2220 WW IW tasttrta S0327 0810 HU44 «23 T6407 840 TG406 IMS GA995 1210 *1838 2335 ItW 280
        1,517 words
  • Page 27 Advertisements
    • 23 27 Driving gets tough in Asia Many Japanese carmakers face losses as their investments in Asia are hit by the financial crisis. Page 2
      23 words
    • 493 27 SinttSTort Kuehne Nagel's executive vice-president Peter Kruse will be speaking at the Logistics Asia Conference to be held on Mar 26. Vtt,. Conference topics include discussions on electronic commerce, manufacturing and distribution partnerships and creating a regional distribution system in Asia. Logisitics Asia, International Maritime Conference and the Shipbuilding and
      493 words
    • 22 27 UPS bays 2 jets for Asian routes Carrier recently made an investment of nearly US|6om in two secondhand 8747-200 S. Back Page
      22 words

  • Page 28 Advertisements
    • 703 28 jXNQAPOM CAIJEOWNIAtXPftm (PffltCT FROM WIST COAST) |QUtF KARACHI EXPWEBB (QKX) o** I* W VISSII VOY jfA MM MM KM Cfll Ml SM I* 7 OMT M/M M/M il/M M/M NOI KOI 2M M/OT 17/07 M/OT IT/OT OS/M M/M Hfn ,7WSO7 'VW 12/02 21/05 12/03 lIYK VIRGO 051 04/01 M/M M/M
      703 words
    • 552 28 Lmaa Mrvicaa rapraaantad byMambanof thaßag*ryo» wMw Accraditad Shipping Agants. Smgapora Shipp*iQ Asaociabon Mambart of tha FOR GREAT VALUE < ALl f OR A Nf W PR|<.1 I IS! N< >W onuo :m .1 i i on .11 i ;H 7 7?.*)? BT^ ITS A SMALL WORLD V v w.,\t. SAVINGS
      552 words

  • Page 29 Advertisements
    • 1017 29 SAX SiRVKi (DIRECT) vissa voy swn* iax j oak I dai I hou Ich I cot ;mw mi myc 1 noi amazohth 013 c 19/02 05/03 10/03 10/03 11/03 11/03 11/03 11/03 12/03 12/03 HXSAROONYX 0011 25/02 12/03 17/03 17/03 10/03 10/03 18/03 11/03 19?M~ 19/03 MOUUPMNHHTI 0371 09/03 19/03
      1,017 words
    • 2208 29 HANJIN SHIPPING USA CANADA* mvsi/vov Imml sm uni haui/vot su nw oo r~»i ol msp m dtt fSi nt iwi m m [~~m H. HONG KONG 0401 04/03 M/ 03 OMKT 27/03 20/03 20/03 20/03 30/03 M/ 03 31/03 01/04 "~oT/Q4 01/04 02/04 20/03 02/04 H. HONG KONG 040t 04/03
      2,208 words
    • 108 29 ORIENT EXPRESS UNES (U.K.) LIMITED OEi, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VESSEL VOY SINGAPORE lOMIAY VESSEL VOY WjgjT SIWGAPOtE SS SINGAPORE 100 03/03 12/03 CAPE BONAVISTA 001 22/02 06/03 SINARTQ6A 225 06/03 15/03 OOCL ADMIRAL 013 25/02 09/03 OOCI ADMIRAL 014 09/03 18/03 KEDAH 012 01/03
      108 words

  • Page 30 Advertisements
    • 1404 30 DSR-SEHATOR LINES TO UK/CONTINENT TO RED A WW IM IB> BTM MW IWIi WW m VtBR VOY MM JtD GIT IPt POS <IX MTW KJIMUMMTM WWII HOI »H BN aO3 MM »M MM CMJKMNUtfN W*Ml3 MBS lid »03 VS32I 03 30 03 0104 TWAOt HAflVftT WOtl 3 00 03 27
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    • 523 30 UNE 97 TIL: *****36 PAXt *****13 MUARA LABUAN vtssa vor no eta vnsa vo* ftp ra srai muam sroti m AfMGUJtT VOtf/98 05/03 01/03 APttOOtT VOtt/W 05/03 M/ 03 j. ptosrai von/w 11/03 u/u inosni voti/m 11/03 15/n Amcuxr voti/m is/03 11/03 Amootr voti/m 15/03 ivn IMOSFM VOM/M 20/03 23/03
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  • Page 31 Advertisements
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    • 1786 31 TO SIIENOS ARIES, MONTIVIDfO, SANTOS IVCtY FRIDAY MOmmY TO VITORIA SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #17-08 NSBIDG SALES/BKGS *****41/43 INWARD DEPT (0/0) *****1S COSTAR AGENCIES (M) SDN BND CRNO: **********0 M TOWER TWO (*****9) CONVtNTIONAI
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    • 554 31 \fc—» EASTERN CAR LINER, LTD/^^rlT* |Ai KL (SINGAPORE) PTf LTD SgESSL 11 1 SPECIALIZE IN RORO t, HEAVY UfT UPTO 122 TONS ECi (SWGAPORE) PTE tJD LOADING FOR MANILA PORT KLANG MV "KENTUCKY HOME" V.7 MV "OCEAN BRAVE" V.12 ETA SIN 03/03/98 ETA MNL 10/03/98 ETA SN 07/03/98 ETA PKL
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  • Page 32 Advertisements
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    • 1216 32 MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC l~jvy\~J "0.**********0® 318 U: (064) *****9 MANILA: (632) *****61 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHINQ (062) *****1-3 MANILA GENOA/LI NARvI MV "PIYA BHUM" V.OBB MV "MSC ROSSELLA"
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  • Page 33 Advertisements
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    • 1214 33 HYUNDAI MERCHANT MARINE CO. lIP. vcsa mOEpEjECaLIMIBjC J RHM 304W 06/03 17/03 21/03 22/03 24/03 14/03 14/03 MOSfl 30X 13/02 14/01 It/01 10/02 10/01 10/01 03/03 KY COMMOOOM3HW M/ 03 15/03 M/ 03 14/03 WANES 1031 04/01 14/0111/01 11/W 05/03 ittpKa 310W 04/03 15/03 14/03 M/ 03 28 03 M/W
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  • Page 34 Advertisements
    • 828 34 BAMOKOK/LAIM CHAIANQ JAKARTA/PANJANQ VESSEL VOV SIN BKK LCH VESSEL VOY SIN JKT PJN HANTA BHUM 383N In Pt 07/03 06/03 DEJA BHUM 737S ~ln Pt ~06/03 06/03 RATHA BHUM** 03N In Pt 06/03 MATHU BHUM ***** WW 07/Q3 XETHA BHUM 227N 04/03 06/03 MATHU BHUM 368S PS/03 07/03 BAN! BHUM"
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    • 136 34 GEMARTRANS 4 SAJLIMQS WEEK TO HCM VB» YOY SIN HCM "lUNH |307« ***** «703 HAUGMNGO2 All 01 07/03 11/03 UUINUM 43N 09/03 12 03 «UAN 9134 10/03 04 03 VANXIMN (SOW 13/03 16 03 NAU BANCO} AIIII 14/03 17/03 2 SAILINGS WEEK TO HAIPHONG VISStt VOY si iON UITItARfX HEDM
      136 words
    • 402 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W R»cfv<nfl Cfyo at PTI Blntiilu I Mum I vtssn rn Sffl (iu ***** m «8 iii* I Sim V9»0« 04-05/03 10/03 M Jodc V9803E lnptWo3 06/03 2E« M,Wi *Wo4f 07-01/03
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    • 552 34 1 ACCORD Mm SHIPPING PTE LTD Ytl j *****15 (40 Una*) PAX: *****30 KXTtLUK (03) U7 1941 m M DMKT ACCESS YB.: *****55 (KXPOKT BOOKING) HS* MM <97) UIIVT *****34 (EXPORT DOC), *****39 (IMPORT) ffIUM (94) SB 14# Mgjum (71) ******9 potr Smi rot? mhh pott m sin potr m
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  • Page 35 Advertisements
    • 384 35 INDONESIA NATIONAL LINE TO EUROPE "H EXPf^B«l|W-COWTAiNERtBgDBEBVICC V»l I TOY SPOBi A'DAM/BOAM H lURG IWtMtN ANTWERP A ttSSEL I 27/3 1/4 ~QMTT i}T~ TO AUSTRALIA ~j FULL OOWWUNER SERVICE W. WT TSfST m m SYP MEL H»| NX. IfW AUSTmiWWBf VI2S OMH 1103 IMB 1463 wn of umu v bis
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    • 1120 35 ADVANCE CONTAINER LINES (PTE) LTD Af* I 140 Cecil Street. *12-00, PIL Building, Singapore *****0 M V Li TEL: *****21. FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/ *****05 ■ANOKOK JAKARTA (WooWy 5 Slqi PAT/ 2 Slgt ICH/1 S*Q BMT) (S S9llfry/W99*> VESSEL VOY SIN BKK VtSSR
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    • 921 35 KiSSil^B VESSELS I VQY S4N JED MLA L£H HAM THPlT™^^F^l VILLE DC VIRGO 930 ft 03*03 11/03 16/03 32/03 23/03 2MB 23/03 2KB I VHXE DE NORMA N24W 13AB 22*03 27/03 02/04 OMM 0404 S > VIH~ I VM-LE DC OTMiO H24W 18/03 27 AB 01/04 OG/04 OWM 1(V04 t(VO4
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  • Page 38 Advertisements
    • 45 38 To retrieve more schedules, Just follow these simple steps... document 740-6000^^1^^ tep be faxed the port Step key in the four number /M AJ| digit code Key in your Example: L, fax number To NEW YORK (NYC) 2275 »for calls within Singapore Unitod St teS
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  • Page 41 Miscellaneous
    • 116 41 U6KNO: R ThorKl*r»Torm T.mp.rotur. V Show.r Weoltw Wind direction with tp.ad in knot* Rotn Cloudy Sky w **'flht Swfoc. winds or. mdicotad by offow, w+ticfc fly with tk. wind On* M CifCl r# P f Mnt calm or light ond voriobl. wind* J_» On# hotf fl.ch. r.pr.*.nt* 5 knot* LJOn.
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  • Page 42 Advertisements
    • 160 42 Call 740-6000 Pre* 1 key in Document Code Key in fax number Enter your phone number INTERNATIONAL FREIGHT FORWARDING I EffETB Art you conversant with the roles and responsibilities as a contractual cairier or a forwarding agent? Modelled after the UNCTAD TRAIN MAR course, this training session enables A*\ participants
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