The Business Times, 10 March 1998

Total Pages: 42
1 42 The Business Times
  • 10 1 TheBusinessTimes MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, MARCH 10,1998
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  • 68 1 h ot M1638JI (-32.49) BT-SRI I32J3 (-7.54) n BTOOMP M 133X70 (-24.99) F"1 BTMGA mm 80LM (-5.53) mm MABKETMOOD; El Bad STO«MA«PTDmiCBB Monday Chaiute KLSECOMP MM8_-t48 HUH WJ71M ***** HANG SENG l&JMM +71S6 SET INDEX MBW +U1 JAKARTA COMP _4IM1 -1142 MANILA COMP —1,1714! 4J» TAIPEI Urn &887J6
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  • 75 1 EXCHA1TOE RATES US$ SI ust im S 1.637 2.709 Ml 0A46 0.903 YKN1W 0.780 1591 MS *248 0.410 HKS §129 0.214 BAHT 0.022 0.037 RUP1AH 100 0.009 0.016 Interbank rata PRIME BATES SINGAPORE* 7.86 KUALA LUMPUR 1146 JAKARTA 22.00 BANGKOK 15.2S MANILA 27.80 HONGKONG 1028 TAIPH 8.80 SYDNEY Ml
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  • 779 1  -  Or are his comments against IMF reforms a sign of a major policy shift to come? From! S N Vasuki in Jakarta THE big question in town is this: Is Mr Suharto's tough talk against the International Monetary Fund (IMF) a sign of
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  • 498 1  -  By'. Larry Wee [SINGAPORE] The rupiah was forced to below 12,000 early yesterday on weekend news that a crucial US$3 billion (Sss billion) tranche of IMF funds for Indonesia would be delayed to at least April. But by the Asian close, the rupiah
    Source: Dow Jones  -  498 words
  • 525 1  -  Bond-breaking is wrong, but publicity uncalled for, they say By. Diana Oon [SINGAPORE] The debate on the Finance Minister's budget statement was distracted yesterday by an unlikely subject: government scholars who break their service bonds. No fewer than four Members of
    525 words
  • 509 1  -  Byi Catherine Ong [SINGAPORE] Two Singapore bank chiefs have expressed reservations over a government push to get local banks to merge, noting that size is not an all-important factor for successful banking. Wee Cho Yaw, chairman of United Overseas Bank, said yesterday: "I
    ARTHUR LEE  -  509 words
  • Page 1 Advertisements
    • 169 1 111 SIDE 1997: a forgettable year far local banks The 1907 reporting season has turned out to be a season local banks would rather forget, as hefty provisions for problem loans to the region eroded earnings, F|l7 Hie Property Column When deckling on a property for investment you should consider*
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    • 4 1 More Parliament reports, Pg2
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    • 159 1 Election Watch, Pg 9 Best Cash Management Bank in Asia Bank Cash-Management Terbaik di Asia of A] o} Cash Management Bank T3?Tlc£lt<&M -7* NGAN HANG VOIDICH Vy QUAN L? TlfeN T$ TfiT NHAT 6 CHAU A Pinakamahusay na Bangko sa Pamamahala ng Salapi sa Asya Pengurusan Wang Tunai Terbaik di
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    • 10 1 UOB profit dives 30%; provisions hit $335 m, Pg 17
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  • SINGAPORE AT HOME & ABROAD
    • 588 2  -  YESTERDAY Df PARLIAMENT Public opinion is that budget did not deliver enough, j say several MPs By. Audrey Tan THE market's disappointment i with the budget reflects the gap between the private secI tor's assessment of the current economic turmoil and
      588 words
    • 952 2 j OntheEßP i 'If everything remains the same, if transport companies continue to run their business in the same way without making any adjustments, then there will be an additional cost to them. But j this is precisely the reason why we are implementing the new system
      952 words
    • 363 2  -  By. Ang Wan May THE economic slowdown notwithstanding, the number of business closures last year was down by almost a quarter, according to preliminary figures from the Registry of Com panies and Businesses (RCB). In a written reply to a question by an MP,
      363 words
    • 320 2  -  By 1 Toh Han Shih TELEVISION Corporation of Singapore (TCS) will "dcfinitely" be implementing a revolutionary TV format called digital TV, and is "very seriously" looking at implementing digital TV in buses, trains and taxis, a TCS spokesman told BT recently. Digital TV
      320 words
    • 315 2  -  E7E ON THE ECONOMY Commerce By] Frances Lui FOOD and beverage revenue fell 5.1 per cent last December, in line with the general state of decline throughout the year, latest preliminary figures from the Singapore Tourism Board show. In December, which is the peak
      Source: Dept of Statistics  -  315 words
    • 390 2  -  It expects to doable region's revenue growth in three years By] Frances Lui SINGAPORE is a key destination for luxury liners Queen Elizabeth 2, the world's most famous ship, and the Royal Viking Sun, the world's top-rated cruise ship, says an executive of their
      390 words
    • 424 2  -  By Abdul Hadhi UNFAZED by the regional economic turmoil, homegrown SUTL Corp has expanded into the fast-food industry in Vietnam and is looking further at Yunnan. China. SUTL which came in third in the inaugural Enterprise 50 rankings in 19% of Singapore's top 50
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    • 350 2 DEUTSCHE Morgan Grenfell (DMG), the investment banking arm of Deutsche Bank AG of Germany, has retrenched four research analysts in Singapore as part of a restructuring of its Asian equities business. And at local brokerage house GK Goh, one analyst and two dealers have
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  • Page 3 Advertisements
    • 364 3 BftJnTLIN© 1884 NAVITIHER SBSkak I 1952, Breitling introduced its Navitimer Spons^e^^y^R^LiNG^tv^^of^ the most finally rely on what amounted to a wrist-wom IB afwSrid*Championship navigation computer with which to plot their I SMBM JjfcZ competitions. Eric Vazeille thus took third course Aircrews the world over quickly adopted MB place at the
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  • FOCUS: PROPERTY
    • 748 4  -  THE PROPERTY COLUMN Where there are many unsold units, investors and developers may end up fighting f or game market By Lee Han Shih IN a down market it is just a matter of time before developers start to compete with those who have bought properties
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    • 735 4 Small investors hit as rates go up, prices fall, projects halted Bloomberg [SINGAPORE] Like many Singaporeans, 40-year-old Lim Siauw Chong bought a second home in Bangkok three years ago when he wanted to invest his savings. He thought a luxury apartment in Bangkok's
      Bloomberg  -  735 words
    • 531 6  -  Private property seen recovering next year; prices may fall by 12% this year, says a developer By, Jenny Lam SINGAPORE'S private property market, in the doldrums for almost two years now, should bottom out by the end of this year or early next year. So
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  • Page 4 Advertisements
    • 312 4 INDUSTRIAL PROPERTY FOR SALE I CENTRAL I 1 LOCATION 1 Built-in 360,000 sq ft Land area 230,000 sq ft Tenure Balance 33 years No ground rent payable 3 mins walk to MRT Within established housing estate Main road frontage Suitable for light/high-tech industries Sale lease back or vacant possession For
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    • 112 4 The Straits Times CLASSIFIED Where buyers and sellers meet Find the perfect item at a garage sale. CATS. •i NO. 5 ANG MO KIO STREET 62 FOR SALE BY TENDER HI Prominent frontage along Yio Chu Kang Road Built-in Area 205,768 sq ft (approx) Land Area 182,288 sq ft (approx)
      112 words
    • 75 4 I X~ H I For Sale FALCON CREST a* Ardmor© Park r ■"•t#/ K/ Artmowl 1 H Land Area: 27,279 sq ft approx. j Lot 644 TS 25 Freehold Tenure A I Ay Plot Ratio: 2.8 /I/ lnn t nui LL> Height Control: Up to 30 storeys SUBJECT s w>
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • MARKETS IN TURMOIL
    • 291 7 Reuters [CANBERRA] The Australian government, becoming increasingly concerned about its nearest neighbour's financial instability, yesterday urged the International Monetary Fund (IMF) to be sensitive in its assistance to Indonesia. "We believe that the International Monetary Fund's package must be implemented with care
      Reuters  -  291 words
    • 443 7 USDA's idea is not bad but times aren't normal, says one Reuters [SINGAPORE] Singapore bankers yesterday reacted coolly to a US Agriculture Department (USDA) plan to let banks in Singapore participate in a US farm export loan guarantee programme
      Reuters  -  443 words
    • 419 7  -  Defending lowering of reserve requirement, it says cnt offset by other measures By\ Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S central bank yesterday defended its recent stance on reducing the statutory reserve requirement as being consistent with its tight monetary policy. Bank Negara said
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    • 569 7  -  LETTER TO THE EDITOR Fong Weng Phak THE Business Times on March 9 quoted a report by Morgan Stanley that Bank Negara Malaysia (BNM)'s reduction of SRR (statutory reserve requirement) on Feb 16 amounted to a "generalised monetary easing". I would like to
      569 words
    • 113 7 Bloomberg [JAKARTA] Bank Indonesia, the country's central bank, will investigate the foreign exchange losses at Indonesia's Exim bank, said central bank governor Sjahril Sabirin. A director of PT Bank Ekspor Impor Indonesia, or Bank Exim, said on Friday the bank had run up foreign
      Bloomberg  -  113 words
    • 200 7 AFP [MANILA] Philippine President Fidel Ramos yesterday urged the International Monetary Fund (IMF) to avoid pushing battered economies into depression with its tough conditions. He acknowledged that "conditionally lending" was the IMF's usual way of doing things, but he urged the institution to
      AFP  -  200 words
    • 307 7 Move likely to slash profits of big cigarette makers Bloomberg (JAKARTA] Indonesia will increase the minimum retail price it uses to set taxes for its clove-cigarette industry by as much as 138 per cent on April 1, the tax office said. The move will likely slash
      Bloomberg  -  307 words
    • 333 7 Reuters [KUALA LUMPUR] The Sultan of Brunei is buying assets in Malaysia, economic adviser to the government Daim Zainuddin said yesterday. He said that Sultan Hassanal Bolkiah was among various investors, mainly from the Middle East, who were buying assets in Malaysia. "They (Brunei)
      Reuters; REUTERS  -  333 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
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  • SOUTH-EAST ASIA
    • 347 9 Wiranto indicates he will take hard line against protesters JAKARTA Reuters INDONESIA'S newly-appoint-ed armed forces (Abri) chief has signalled that he will take a hard line against protesters to ensure national stability, the bi-weekly Forum Keadilan magazine reported yesterday.
      Reuters  -  347 words
    • 191 9 KUALA LUMPUR AFP MALAYSIA'S tax department denied yesterday it was probing sole satellite broadcaster Astro for employing foreigners without work permits and not declaring their earnings. Inland Revenue Department spokeswoman Rozina Marican was cited as saying by the Malay-language Utusan Malaysia newspaper that she
      AFP  -  191 words
    • 225 9 MANILA AFP A MULTI-MILLION peso investment scam has claimed the family of popular presidential hopeful Joseph Estrada as one of its victims, a local newspaper said yesterday. Josephine German, the wife of a former top Estrada aide, is being sought in connection with
      AFP  -  225 words
    • 713 9  -  BLBCTIOV WATCH President Suharto's standoff with IMF suggests a break Is likely If It Is not resolved soon By Yang Razali Kassim WHEN President Suharto recently signed the letter of intent with the International Monetary Fund (IMF) for a US$43 billion (5571.1 billion) aid
      FILE PHOTO  -  713 words
  • Page 9 Advertisements
    • 252 9 EPSON WithOurEarth Epson's latest big advancement J*?L in printing technology is thinner than a human hair. Print head containing 192 Micro Piezo nozzles. six*. Micro Piezo Technology. The result is brilliant color, sharp printing and true A new standard of printing quality. VRIIIRPV *°2Zlo Pte2o Techno .s m one cme
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  • Page 10 Advertisements
    • 2872 10 Q DBS FINANCE (INCORPORATED IN THE REPUBLIC OF SINGAPORE) BALANCE SHEETS AS AT 31 DECEMBER 1997 JB*. liT"" 1 1 lIM «M 1, c T»a». SHARE CAPITAL J£Jg -J=«Z Authorised 000 STSSB M'ooo 250.000,000 ordinary share* of SJI each 280.000 280.000 280,000 280.000 nXtDASSSTS 7 8 g(t 41,86® 43,102 issued
      2,872 words

  • CHINA-HONGKONG-TAIWAN
    • 1076 11  -  BEIJING He declines to specify measures; assures SIP will get priority over nearby rival Reports by Lu Ning THE Chinese partners in the Suzhou Industrial Park (SIP), Singapore's flagship investment project in China, will "take some positive actions" to strive
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    • 424 11 CHINA yesterday issued a veiled warning to Taiwan not to make China an "exception" to the rules when the island negotiates its accession to the World Trade Organization. "If Taiwan invokes the 'non-application' clause (in WTO accession agreement), it will be detrimental both
      AFP  -  424 words
    • 349 11 HONGKONG Real interest rates expected to hit levels not seen since 1984 AFP HONGKONG'S economy is expected to deteriorate in late 1998 if the interest rate environment fails to improve over the next three to six months, an
      AFP  -  349 words
    • 297 11  -  HONGKONG By\ Loh Hui Yin FINANCIAL Secretary Donald Tsang says Hongkong intends to sign avoidance of double taxation pacts with the US, Germany and Holland, foUowing a similar agreement with sovereign China. The US, he said yesterday, is Hongkong's largest
      297 words
    • 225 11 BEIJING AFP HONGKONG Chief Executive Tung Chee-hwa has arrived in Germany with a message of reassurance on the territory's economy amid the Asian economic crisis, the China's official Xinhua news agency reported early yesterday. Mr Tung arrived late Sunday at the start of
      AFP  -  225 words
    • 375 11 BEIJING Reuters WITH an axe about to fall on China's bloated bureaucracy, the People's Daily newspaper yesterday told civil servants to adopt "a sense of urgency and a sense of crisis". China needed officials who could help the
      Reuters; AFP  -  375 words
  • Page 11 Advertisements
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  • ASIA
    • 492 12 Banks said to have dined BOJ exec who gave oat data that could reap big money TOKYO Reuters JAPAN's central bank governor Yasuo Matsushita yesterday said the bank was investigating reports its officials may have released inside information in exchange for lavish entertainment.
      Reuters  -  492 words
    • 384 12 POWER CRISIS Df AUCKLAND Bnt banks and brokers cautions as complete power isn't assured Bloomberg [AUCKLAND] With Mercury Energy Ltd now able to supply about 90 per cent of Auckland's electricity needs, many banks, brokers and other financial firms are beginning to move back
      Bloomberg; AFP  -  384 words
    • 188 12 TOKYO AFP TWO Japanese shareholders said yesterday they wiU sue the board of Sumitomo Bank Ltd demanding back money the bank was alleged to have spent bribing finance ministry officials. Kazuyoshi Yuoka and Tadashi Matsumaru, both members of the Shareholder Ombudsman group based in
      AFP  -  188 words
    • 455 12  -  NEW DELHI Move paves way for Gandhi to play more important role By: Rajendra Bajpal SITARAM Kesri yesterday quit as president of India's Congress Party, paving the way for Italian-born Sonia Gandhi, widow of slain former premier Rajiv Gandhi, to head the party. Asked
      455 words
    • 195 12 TOKYO Bloomberg, AFP JAPANESE Chief Cabinet Secretary Kanezo Muraoka said yesterday it may be difficult for parliament to pass next year's 77.67 trillion yen (*****.6 billion) budget by the end of the current financial year on March 31. "The schedule is getting
      Bloomberg,; AFP  -  195 words
  • Page 12 Advertisements
    • 93 12 Lefs talk. For a long time now, BT (British Telecommunications pic) has realised that no two businesses have precisefy the same communications needs. Which is why we've developed one of the world's most advanced global networks, supported by local customer service, P tailor made to suit your individual needs. K
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  • THE WORLD
    • 498 13 FRANKFURT High liquidity, new share bnyback scheme poshing stock prices np Reuters GERMANY'S DAX Index could reach the 5,000-point level this month, dealers said yesterday. Equity strategists were slightly more cautious, but did not rule out the possibility in light
      Reuters  -  498 words
    • 45 13 [YUGOSLAVIA] An ethnic Albanian man looking through an Albanian flag during a demonstration in Pristina, the capital of the disputed province ofKosovo yesterday. Some 100,000 ethnic Albanians demonstrated in the centre of Pristina to demand freedom and more rights. REUTERS
      REUTERS  -  45 words
    • 345 13 LONDON Bloomberg MANUFACTURING output was unchanged in January from December as a strong pound weighed on exports, bringing manufacturers to the brink of recession. Output was expected to rise 0.1 per cent, according to economists polled by Bloomberg News. In the year
      Bloomberg  -  345 words
    • 324 13 LONDON Reuters BRITAIN launched a wideranging inquiry yesterday to try to identify the causes of mad cow disease and its deadly human equivalent. The probe, set to last 18 months, will attempt to give a definitive account of one of Britain's worst public
      Reuters  -  324 words
    • 493 13 BASLE, Switzerland Central bankers also detect signs of better growth in Europe Reuters ASIA'S financial crisis is helping to dampen inflationary pressure, especially in An-glo-Saxon countries with strong economies, central bankers from major industrial countries agreed yesterday. The Group of 10 (G-10) central bankers
      Reuters  -  493 words
  • Page 13 Advertisements
    • 154 13 FOLLOWING THE BENCHMARK BUSINESS TIMES ARTICLE FRIDAY 27TH FEBRUARY 1998 PAGE 14 Mr Maurice Lidchi the Senior Trustee, The Consultancy Group in his present role as a Curator ad Hoc of The Sh. Sameyeh Collection will give an Important Talk/Seminar at The Singapore Art Museum (Patron's Club) SINGAPORE'S VITAL ROLE
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  • EDITORIAL & OPINION
    • 759 14  -  THE BOTTOM LIME OPINION By Neil Behrmann The writer is BT's London correspondent FEW will doubt that Rupert Murdoch, the publishing tycoon, is disliked by many a journalist for the way he runs his media outlets. But this time he has outdone himself and
      759 words
    • 130 14 The US economy is like an aircraft carrier. Once it gets going, it takes a long time to slow it down.' Kitty Cooper chairman of Cooper Capital Inc. commenting on the unchanged reading in the index of leading US economic indicators for the second month in a
      130 words
    • 659 14 EDITORIAL THE questions still being asked about the overhaul of the road tax structure that Communications Minister Mah Bow Tan announced last week only confirm that, commendable though the new scheme is, it is impossible to please everyone in a major exercise such as
      659 words
    • 1147 14  -  Chief titan of US high-tech, Microsoft chief Bill Gates, takes on the political elite in Washington By) Leon Hadar The writer is BT's Washington correspondent SINCE it was opened to the public about 10 years ago, the Hart Senate Office Building's main hearing room had never held
      FILE PHOTOS  -  1,147 words
    • 405 14  -  MAILBOX James Purves ALREADY smarting from the reduced second-hand value of our Toyota Liteace as a result of the sharp drop in COE prices over the last three months, I read last week of the revised tax structure for vehicles and received a
      405 words
    • 385 14 Suharto's threat to region President Suharto has baulked at implementing the IMF package of economic and financial reforms. Until now, this has been put down to his concern for the adverse effects on Indonesia as well as the likely dent in his family's vast fortunes. But
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  • Page 14 Advertisements
  • Page 14 Miscellaneous
    • 36 14 DOOMESBURT By Garry Trudeau SOWHATZ flwpive'LL Ne&pMUSIC. just JIMMY RAY WHAT f 1 THS GAMB I ANYU.S. RANPS SCHisj THUPPUCJ4ER. HB KJNPOF PLAN, BOSS f UiWTOBe/N TOWN* WfS JOHN MUSIC OOOK HtM T i^Af^AT, aw*™™? em*
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 653 15 TV&RADIO Pranien 12 8.00 Under One Roof (r). 3.00 CDIS. 1 Mt\ti .TgTTiTTffa^—^ 2ju» PMTV! n n n ,„ti n c B 3o Fame Awards. 4.00 Chinna Chinna Aasai. 4.00 Kidz Blitz: AlS(Lastep). Jeam Knight Rider-Oil 430 Chinna Kuyili W. 430 rw.vtpr c 1 ah Water 5.00 Parambariyan (r). -5
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    • 156 15 CKVPTIC CROSSWORD 10 A revolt Is occurring (7) tains (7) DOWN 15 one abducting child taken to YESTERDAYS SOLUTION 16 S'tL stage prepare to 1S1£J!B!1^ 2 Can Ibe friendly? (7) 17 A daughter chose to be separat- InMam i iyXBullIpBrIbI!! 3ln poor motels, Igo very miser- ed from parents (7)
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  • EXECUTIVE LIFESTYLE
    • 1109 16  -  Revamp pays off as Sentosa's course wins favour for second year, says mickxaus d'CRUZ NICKLAUS D'CRUZ SENTOSA's Tanjong Course remains the undisputed heavyweight champion in this year's ranking of local golf courses. Not only has it retained its premier status, it has also improved on its
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  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 806 17  -  Group toppled by OCBC as most profitable bank Reports by I Siow Li Sen [SINGAPORE] United Overseas Bank (UOB) yesterday reported a 30 per cent plunge in net profit to about $502 million for 1997, dragged down by a sharp jump in special
      806 words
    • 598 17 Non-performing loans seen rising as current year progresses THE 1997 reporting season is finally over for the six local banking groups, with United Overseas Bank (UOB) bringing up the rear yesterday. It has turned out to be a season the banks would rather
      598 words
    • 756 17  -  HOCK LOCK SIEW R Sivanithy IT's heartening to see that the government is taking firm steps to boost bond trading in the local market with the extensive measures announced in the recent budget. It appears that hopes are high that
      756 words
    • 462 17  -  Jennifer Lien (SINGAPORE) Aztech Systems yesterday returned to the black with a net profit of $2.3 million for 1997, against a net loss of $12.5 million in 1996. But the size of the turnaround was significantly below analysts' consensus forecasts of $7.8 million
      462 words
    • 179 17 Bloomberg IKUALA LUMPUR] Berjaya Group Bhd said it sold all of its shares in two healthcare com panies. Parkway Holdings Ltd and Alpha Healthcare Ltd. raising 82.1 million Malaysian ringgit (5533.5 million) to repay bank borrowings. Berjaya, a Malaysian diversified company, said it sold 7.881 million
      Bloomberg  -  179 words
    • REGIONAL COMPANIES
      • 212 18 Reuters, AFX-Asia [KUALA LUMPUR] Malaysian International Shipping Corp Bhd's (MISC) purchase of shipping assets from a company run by Prime Minister Mahathir Mohamad's son was not a bail-out, government economic adviser Daim Zainuddin said yesterday. He said in an interview that MISC's decision to
        Reuters,; AFX-Asia  -  212 words
      • 450 18 But DBS Land may make hefty provisions dne to its regional exposure, they say AFXAsia [SINGAPORE] City Developments Limited is expected to report later this month a net profit of $540-566 million, roughly in line with the $549 million for 1996, according to sector
        AFX- Asia  -  450 words
      • 307 18  -  By' Conrad Raj [SINGAPORE] Keppel Shipyard announced yesterday that it had won a contract worth over $100 million to build a self-erecting semi-sub-mersible drilling vessel for Smedvig Asia, one of the region's largest drilling contractors. When completed in April next year, the vessel to
        307 words
      • 207 18 INCHCAPE Motor yesterday explained why the full-year results for Inchcape Bhd, posted on Monday last week, fell far short of its own forecast in September last year. Inchcape Bhd was split into Inchcape Motor and Inchcape Marketing in January. Reporting its interim
        207 words
      • 304 18 Jakarta office cuts staff strength by a quarter while S'pore unit lays off 25 Bloomberg [HONGKONG] Jardine Matheson Holdings Ltd's property agency arm, Colliers Jardine. has fired 116 people across Asia, including one-quarter of its Jakarta office staff, the
        Bloomberg  -  304 words
      • 152 18 [SINGAPORE] Norwegian transportation services group Stolt Nielsen has agreed to take a 24.99 per cent stake in Dovechem Terminals Holdings for $35.4 million, and may raise its interests to 30 per cent later. Stolt Nielsen, through subsidiary Stolthhaven Asia Pacific, will buy 22.7 million
        152 words
      • 280 18  -  Annette Pau [SINGAPORE] Resistor maker ASJ Holdings yesterday posted flat net profit of $4.58 million for the year ended Dec 31.1997. Turnover came to $35.3 million, down 6 per cent from $37.6 million, due mainly to the transition from DRAM and related
        280 words
      • 348 18 Asian currency tnrmoil hits room performance [SINGAPORE] The Overseas Union Enterprise group's earnings for the 1997 full year took a hit from the Asian economic flu, with net profit falling 22.5 per cent to $29.2 million far below analysts' expectations. Analysts
        FILE PHOTO  -  348 words
      • COMPANY Briefs
        • 83 18 Reuters [SINGAPORE] Creative Technology yesterday said it had filed a patent infringement law suit against Aureal Semiconductor Inc. The suit for damages and injunctive relief was filed last month relating to PCI audio technology used in Aureal's "Vortex" AUBB2O PCI-based AC'97 digital audio processor, Creative
          Reuters  -  83 words
        • 56 18 [SINGAPORE! Sembawang Corporation has disposed of its entire interest of one share in Tridex Investments Inc to Jurong Shipbuilders, a wholly-owned subsidiary of Jurong Shipyard, for $6.79 million. The disposal will not have any material impact on SembCorp's net tangible assets or earnings per
          56 words
        • 40 18 [SINGAPORE] T Capital, the financial services subsidiary of Singapore Technologies, yesterday announced the resignation of Rear-Admiral Larry Loon Leong Yoon as director with effect from yesterday. The company did not give any reasons for the resignation.
          40 words
        • 45 18 (SINGAPORE] Sesdaq's Heshe Holdings has appointed Chia Li Yoong as manager of its newly-registered sole-proprietorship, Kids' Star Child Development Centre. Ms Chia, sister of Heshe executive chairman Chia Shi Teck, is not a shareholder in Heshe or its subsidiaries.
          45 words
        • 68 18 [SINGAPORE] SsangYong Cement yesterday announced it has awarded an 18.26 million contract to design and install a cement terminal at Pulau Damar Laut at Jurong to SsangYong (Singapore) Pte Ltd. It said its audit committee is "of the opinion that the terms of the transaction
          68 words
        • 41 18 AFX-Asia [KUALA LUMPUR] AMMB Holdings Bhd said in a statement to the Kuala Lumpur Stock Exchange that the Employees Provident Fund currently holds 27.757 million shares or a 6.95 per cent stake in the company.—AFX-Asii
          AFX-Asia  -  41 words
      • 62 18 Corrections clarifications SINGAPORE Technologies Aerospace has clarified that it is only involved in the maintenance of Unmanned Aerial Vehicles (UAVs), in response to our report yesterday headlined "Unmanned planes being developed". "There are as yet no UAV design and development programmes in ST Aero or its sister companies under the
        62 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 439 19 Dutch company wants to reduce reliance on EU and Asian markets FT, Reuters [LONDON] Hagemeyer, the large Dutch trading house controlled by Hongkong's First Pacific Co, is seeking US acquisitions to reduce its reliance on Europe and to compensate for the weakened outlook
        FT,; Reuters; Source: Bloomberg  -  439 words
      • 302 19 Shinhwa chairman accused of obtaining 109b won in illegal loans through fraud AFP [SEOUL] South Korean prosecutors yesterday arrested the owner of an insolvent minor conglomerate, the Shinhwa Group, on charges of fabricating balance sheets to acquire illegal loans. Lee Un Jo, chairman of
        AFP  -  302 words
      • 217 19 AFP [BANGKOK] One of the world's largest advertising agencies, J Walter Thompson (JWT), is considering a number of investment options in crisis-hit Asian economies, a report said yesterday. JWT Asia-Pacific chairman Alan Fairnington said the company the third largest ad agency in the
        AFP  -  217 words
      • 383 19 AFP [KUALA LUMPUR] Malaysia's top brokerage Rashid Hussain Bhd (RHB) is moving quickly to acquire financially troubled Sime Bank Bhd from its two major shareholders. KUB Malaysia Bhd, the cooperative arm of Malaysia's ruling United Malays National Organisation, said yesterday it
        AFP  -  383 words
      • 190 19 Bloomberg [TOKYO] Foreign brokerages grabbed seven of the top 10 spots in a survey by the Nikkei Financial Daily ranking the most respected stock analysts, strategists and economists in Japan. Nomura Securities Co's research unit ranked first for the fifth straight year, garnering almost
        Bloomberg  -  190 words
      • 213 19 AFP [BANGKOK] Microsoft Corp has filed its first criminal law suit in Thailand's new copyright court, accusing a Thai computer dealer of illegally loading software onto hard drives, a report said yesterday. Microsoft is accusing Atec Computer Co Ltd of
        AFP  -  213 words
    • FINANCE & COMMODITIES
      • 602 20  -  Rawfc taking advantage of current downtnrn to position itself for the fntnre By i Catherine Ong [SINGAPORE] At a time when most foreign banks are putting expansion plans in Asia on hold, with some quitting the fixed-income business altogether, Banque Paribas is
        602 words
      • 375 20  -  Froml Neil Behrmann in London ING Barings is conducting a strategic review of its global operations which may result in further cutbacks, said its Netherlands-based parent company ING. The disclosure follows the resignation last Friday of Peter Geraghty, ING Barings'
        375 words
      • 124 20 AFP [PRAGUE] The Czech Republic has completed the privatisation of the Investicni a Postovni Banka (IPB), the country's third leading bank, selling a 36 per cent stake to Japan's Nomura group for US$9O million (*****.3 million). An agreement to this effect was signed on Sunday in
        AFP  -  124 words
      • 172 20 Bloomberg [SYDNEY] The Sydney Futures Exchange said it signed an Asl million (Ssl.l million) contract with Computers hare Ltd, a financial software company, to introduce a new anonymous trading system to the exchange early next year. The Large Order Call Automated trading system (Locam)
        Bloomberg  -  172 words
      • 335 20 FT [LONDON] Halifax, the United Kingdom's biggest mortgage lender, said on Sunday it was willing to pay up to £800 million (Ss2.l billion) for Birmingham Midshires Building Society, topping a £630 million ofTer from Royal Bank of Scotland (RBS) by
        FT  -  335 words
      • 214 20 WEI Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures rose in thin, technical trade yesterday as the market remained cool to talk of further economic stimulus steps. Dealers said the credit market was boosted by some flight-to-quality buying as stock markets
        Reuters  -  214 words
      • 177 20  -  WOCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore Pte Ltd [SINGAPORE! The Simex MSCI Taiwan Stock Index futures contract declined after the opening on concern that lower-than-expected first quarter earnings by Intel and Compac may signal a slowing down in
        177 words
      • 231 20 EMERGY REPORT AFP [LONDON] The benchmark Brent crude oil price fell sharply yesterday amid discord in the Organisation of Petroleum Exporting Countries (Opec) cartel over how to shore up prices. Brent for delivery in April hit its lowest level since March 31,1994, at U5513.27,
        AFP  -  231 words
      • 273 20 THE dollar fell for a second day against the mark after a report showed a larger-than-expected gain in Germany's industrial production, fuelling speculation its economic recovery may be taking hold. The US currency was little changed against the yen as a drop in Japanese household spending was offset
        273 words
      • Article, Illustration
        1170 20 IWBUgfliflljiUWi Mar 9 ——!LJfiELJ!LJ!!LJ2LiS5LJ5 AwtrSh -I.I44 0178 06» 4492 1221 5.158 ***** 7LJ9F 0454 10.744 2489 LS3 ***** ***** 1102 1320 0.986 *****29.708 0.407 0666 J C«lda 1.059 5J54 0.652 <333 1292 5.461 27.883 76.166 0904 1U76 2447 1221 *****8294 1.167 3.515 1044 224* ***** 0.431 0.705 cmm aw o.i7i
        1,170 words
    • 1656 21 SICUM rUTUEM Mar 9 lUMf I (Murts dosKm ts M 5.30pm) RSS1CONTRACT (S cwtsA*) Close Volume Open MawM» Htq* Low Sett (tonnes) Interest Apr* 119.50 825 May 96 121.75 121.00 ***** 1600 2875 Jim* 123.50 150 3325 Ji*/Sap96 129.00 4095 Od/Dtc 96 136.75 135.00 136.75 1500 6375 Ja*/Mar
      1,656 words
    • 2260 21 LONDON Mvstriils ■«r« Noes Group 582 7 AS Ports 351.600 .600 Appey Notion* T163 -1 AMod Oomecq 569 10 Amec 155 -1 Asda Group 195.400 *7 •ATM 645 -3.400 BG Pk 306.200 -1.400 BICC 155 1 BOC Group 977 -4.400 BR Petroleum 640.400 -218.600 BTR 193.600 *8
      2,260 words
    • 1618 21 Reuters D Nikkei as jMI STOCKS closed slightly weaker yesterday despite a comment from a senior ruling party official that he wants a new economic package worth more than 10 trillion yen (***** billion) to be formed after next month, brokers said. The key 225-share Nikkei Average lost 0.93
      Reuters  -  1,618 words
    • Article, Illustration
      1536 22 Reuters QHaog&ng *7156 STOCKS clawed back early losses in the afternoon to close yesterday slightly higher in cautious trade with the focus on growing tension between Indonesia and the International Monetary Fund. C The Hang Seng Index gained 74.56 points, or 0.68 per cent, to end at 10,994.09 after
      Reuters  -  1,536 words
    • Article, Illustration
      597 22 Reuters Fl Shenzhen B Index jjjj CHINA'S hard currency B shares closed mixed in sluggish trade yesterday as investors clung to the sidelines amid fresh uncertainties over regional markets and the annual session of parliament, brokers said. The Indonesian rupiah's slump against the dollar hit markets across the region
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  597 words
    • 380 22 AFP Flwrhdei +3U2 STOCKS inched up 0.4 per cent yesterday as investors switched their sights from technology plays to low-priced issues, brokers said. "Funds were moved to lowprice non-technology issues following recent negative corporate results of major com-puter-related companies in the US," said Samson Chueh of President Securities Corpo-
      AFP  -  380 words
    • Article, Illustration
      659 22 AFP DOf wtohte -1143 SHARE prices dropped 3.2 per cent yesterday amid concerns over a standoff between Jakarta and the International Monetary Fund, dealers said. The drop followed a weekend announcement by the IMF that it would withhold the next tranche of crucial bailout funds for Indonesia and statements
      AFP  -  659 words
    • Article, Illustration
      834 22 Reuters H SET Mac THAI stocks closed slightly higher in thin trade yesterday as investors returned to the market and bought communications and energy issues, brokers said. The steadiness of the baht, which failed to react to problems in Indonesia, also underpinned market sentiment, they added. The composite SET
      Reuters  -  834 words
    • 325 22 AFP Q Manila PHILIPPINE share prices closed 0.3 per cent lower yesterday in sideways trade and thin volume, analysts said. "The market is moving sideways and volume is thin," said a trader with ATC Securities Inc. The Composite Index fell 6.55 points to close at 2,175.41 points. Turnover fell
      AFP  -  325 words
    • 398 22 AFP nOwnpoatelnitex -1&27 SHARE prices closed 3.5 per cent lower on the Korea Stock Exchange yesterday with mounting tension in Indonesia pushing investors to the sidelines amid an absence of fresh leads, dealers said. They said renewed concerns over the Indonesian economy undercut investor sentiment across the board. "There
      AFP  -  398 words
    • 599 22 AFP All Ordinaries *IXI AUSTRALIAN shares rose half a percentage point yesterday amid light trading as the market shrugged off mixed news from Asia, opting to take its lead from London and Wall Street, brokers said. The All Ordinaries Index closed at 2,680.8, up 13.1 points. The All Industrials
      AFP  -  599 words
    • 253 22 AFP n Wellington -26.71 THE sharemarket closed down 1.2 per cent yesterday on turnover of NZ$76.l million with Telecom Corp going exdividend. The NZSE-40 Index was down 26.71 points to 2,246.18 with Telecom, which accounted for 17.3 points of the fall, down one cent to NZ$B.O6. mrt in room
      AFP  -  253 words
    • KUALA LUMPUR STOCK MARKET
      • 7776 23 Ctmtmmm pnAKti Laat Vol Day Net C*p gg L SM OOO High Lot. P/C $mll 310 180 Ajlnomoto 270 15.0 109.4 22 73 *03 69 104 95 2.4 151.9 22 22 i?? lor f?l!"* m 202 191 5.6 76.4 2? J?2 372 -4 109 372 356 21.5 2578.2 y* £.5
        7,776 words
      • 466 23 Reuters, AFP CI Composite Index -4.48 RINGGIT softness and concerns about troubled companies nudged Kuala Lumpur shares to a lower finish yesterday, with prospects of further losses seen, dealers said. After trading in a seven-point band, the Composite Index representing 100 blue chips ended
        Reuters,; AFP  -  466 words
    • WARRANTS & OPTIONS
      • 3220 24 ■OHM, LOANS WARRANTS LMt °*V LaatOwata AV* L— Stna Company M «f- COOO) High Lew Buyar Mw Ma 68 9 m 3000 m AMOB e5.5*020?1«i ft I I I I I I 8 3160 A Acar ******1USS 13 unci) 63 13 12 13 13.5 131 6.5 3164 Acma ******4 23
        3,220 words
      • 214 24  -  WARRANT WATCH By R Sivanithy IN these trying times, what constitutes an "undervalued" asset is of course always open to debate if the market doesn't want to pay what appears to be the "fair" value, then it's arguable
        214 words
    • 2072 24 Transaction Date :Mar 9 MALAYSAM STOCKS MPMPMHMP T L4«« v 0»» Last Ouotl H> H> nS NM MC« Mg» L—r Strm Cimaim Ml room MHO L— 8ny«r «—«r Cvr p/w. i*m 478 28 mtSOOO AISBSOc 84 -95 756 915 84 84 845 5.0 33 12 35.4 862 22
      2,072 words
    • 1637 25 TURNOVER COOO) VALUC COOO) urn cut rmi mm g»> T*1 T5.37J 143.521 *****2 43J79 177,241 7 .W? ***** 42,405 52.518 21.878 74J96 2*5* 573 957 2-530 621 715 1,405 SrSSj? 1 12 U4 30 914 43.040 26.266 1UT7 ***** 6.123 6,123 8,004 8.004 1.334 1,334 903
      1,637 words
    • 4628 25 Or Gr M Wt 1997/98 Last Vat Day Last Quota Dtv Otv YM Nat Cap Ave High Law StNo Company Sato COOO) Ht» Law 6uyer Seller H C rr p/c Smil Price WDUSTMAIS 1ST 18.5 a 1020 ACE Dynamic J 60c 35 -1 98 35 33 32.5 35
      4,628 words
    • 817 25 L*» VI Day LMtOwot* Mr Wv YW N«i Ca» Avg KW» C|«>H| Sa* COOP) lw guyar t—r CVr PH tain Prtc« HHHHHBHHHHHHHHHHHHHMHHHHHHHHI J5S £52 4 5c JL 5 >00 975 95 *7.5 1.0 6 0 0.2 139.3 414 102 «9 las !m —2? T 1* WS 179 179 181
      817 words
    • STOCK EXCHANGE OF SINGAPORE
      • 223 26 Stocks Volume •Renong Bhd 50c 17,833.000 •M Resources 13,699.000 •MBf Capital 12,056,000 •Refcapacific Bh 8,854,000 •MBF Land Bhd 6,998,000 Easyknit HKIOc 6,120,000 •Uniphoenix 5,936,000 •Mulpha Intl50c 5.273.000 *lnnovest Bhd 5,056.000 ST Engg 10c 4,933,000 Stocks OCBC Foreign 24.227.505 SIA Foreign 18,904,639 SPH 16.865,918 DBS Foreign 14,603,533 SingTel 15c 12,875,818 Keppel
        223 words
      • 634 26  -  STOCK MARKET COMMENTARY Skidding rnpiah puts pressure on prices amid lack of any inspiring news; only encouraging sign comes from M'sian futures R Sivanithy [SINGAPORE] The currency-led nervousness that crept into the local stock market in the later half of last week
        Chart info from Bridge  -  634 words
      • Article, Illustration
        65 26  -  by Wong Wei Kong IPC Corp closed one and a half cents lower yesterday at $0.17 on a volume of 4.22 million shares traded, compared with its 10-day traded average of 7.83 million shares. The daily and weekly RSI and Stochastics suggest limited downside in the near term.
        65 words
      • ON THE GRAPEVINE
        • 180 26 ANYONE considering buying a digital video disk, or DVD, player from US$6OO (Ss99o) up might be interested to learn that a format war is developing between two delivery systems that might limit the number of movies available to one system or the other. Consumers who would
          180 words
        • 123 26 THE developer of the latest Executive Condominium (EC) project has sent out letters inviting executive flat applicants who did not take up its earlier offer to apply for a unit to visit its showflats again. To push its point, and maybe help find some buyers for
          123 words
        • 126 26 A "HAZE" version of the Titanic hit song, My Heart Will Go On, is circulating on the Internet, according to an intrepid surfer. It's a lament about how grey skies could soon make us blue again. Here're the first few lines
          126 words
        • 86 26 WITH the IMF so much in the news these days, a contact reminded this column of a tragi-comical experience that the Fund had with a late African dictator. IMF officials had reportedly suggested to the gentleman that some of his country's financial woes
          86 words
        • 154 26 IT's a sign of the times. Something quite unthinkable is happening with that most powerful purchaser of branded goods, the Japanese housewife. London's Financial Times reports that pawn shops are doing a roaring trade in second-hand Guccis, Pradas and Louis Vulttons, upstaging up-market stores selling
          154 words
  • Page 17 Advertisements
    • 169 17 w 11 11 ii i j When It's Number One. It's Worth Waiting For. tNew Titanium rer from S-Yard. a club been so highly 5 numerous accolades dous joy and satisfaction ers on every fairway. the rave of the industry. iriched your own game end? strive to continue our nd
      169 words

  • Page 18 Advertisements
    • 28 18 Opens Today! /*kTF\ Asia's Leading Trade Show on Drinking Water, Processed Water fi Waste Water Technology 10 12 March 98 Suntec Centre -K Singapore >*✓$'/ /y t ?f 'X-y
      28 words

  • Page 19 Advertisements
    • 114 19 Nokia 6iio^^^^ x Mi Direct./ IPM?* 8 Inclusive of a travel charger and a slim battery. I jm .VIA Receive a free gift at the same time. I m \t am I I A irt iTt I Ift M standby or up to 5 If I I V~ 111 V~
      114 words





  • Page 24 Advertisements
    • 61 24 C.A.TSj\ /'wowTX H i ean I Abu y er I I love this car Y V advert,semen, to J VI **vcry 1 that! found V sell my car... M next dav I »u u I ;r J f W nexiaay./^__through I W§ 1 WeStraiteTimes I JF* The Straits Times Classified
      61 words

  • Page 25 Advertisements

  • Page 26 Advertisements
    • 312 26 BUSINESS Notices'■ Singapore Technologies Industrial SINGAPORE TECHNOLOGIES INDUSTRIAL CORPORATION LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Singapore Technologies Industrial Corporation Ltd (the "Company") will be held at 9 Bishan Place, #10-00 Junction 8, Singapore *****7
      312 words
    • 348 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOON TIMBER PRODUCTS PTE. LTD. (Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50 that a Final Meeting of the members of the abovenamed Company will
      348 words
    • 341 26 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2M8l AND IN THE MATTER OF PLASTIC LINED SYSTEMS PTE LTD < Members' Voluntary Winding Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held a* 237 Selegie Road. *05-283 Selegie Complex. Singapore *****0
      341 words
    • 47 26 To advertise call toll-free 1800-741 1883 Can't Keep your house in order? if you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified, Home Needs Classifications 90 to 120. CATS.
      47 words

  • SHIPPING TIMES
    • 318 27 Bridge News Reuters PANAMAX rates in the east jumped sharply with vessels fixed for period business at over US$9,OOO daily and rates for round voyages reported at over US$lO,OOO daily. The Baltic Freight Index shed 2 points to 1102 as the futures lost a bit of ground early
      Bridge News; Reuters  -  318 words
    • 264 27 m* w CWTDtttrlbu***-0.67 -002 1000 Otuan Hup 0.43 -OOIS W Cosco WVltlllilll 0.80 Fr*taM Links 0.32 -OOI 1*4 MHakflngs 0J2 Hal Sun Hup _—0.55 *003 26 HttoeNZoMn—AS9S undi 22 IMC Holdings H* iM J*V*HoMngs 044 OOOS 17 Jurang SMpyarti _7.35 -0.15 53 Kappa? Corp 4.00 -012 3032 KappalFELS
      264 words
    • 449 27  -  Ships of flag conntry that delays implementation will encounter great difficulty By Marcus Hand [SINGAPORE] The International Maritime Organisation (IMO) has again stated it will not delay the implementation of the International Safety Management (ISM) Code on July 1 this
      449 words
    • 226 27  -  From, David Taylor in Hongkong FAIRYOUNG Holdings is facing financial difficulties which could affect numerous investments in Chinese ports made by Pacific Ports Co (PPC), which is 31.18 per cent owned by Fairyoung. Former PPC chairman, John Chan Boon-ning, has been charged with
      226 words
    • 565 27  -  From, Lawrence Eyton in Taipei THE arrival of the Mild Sun, a Chinese cargo ship in the Taiwan port of Keelung on Sunday, having sailed from Shanghai via the Japanese island of Ishigaki, has been hailed as a breakthrough for cross-strait
      565 words
    • 351 27 Reuters [ADELAIDE] The Australian National Farmer's Federa-tion-backed stevedoring operation said that training of its workers was on track for the operation to begin in Melbourne within two months. "We are on track," NFF industrial director James Ferguson, also a director of P&C
      Reuters  -  351 words
    • 1012 28 OATBAT PACIFIC AZRWATB The HK airline is cutting flights and staff as it battles a traffic slump resulting from the region's financial turmoil Bloomberg FOR Cathay Pacific Airways' harried executives, 1997 will be remembered as the 52-year-old airline's worst year ever. Until 1998's results come in,
      Bloomberg  -  1,012 words
    • 207 28 PAOE DjtfUoyO 9 Aa 9 Oongnama 7 ANl 3 ECL 5 Accord 6 EtNo^n 6 AppmtNp S Astr. 4 GUrf 4 i Astro 3 Austral 9 <*"*" Hai Son Hup 8 Batamindc 7 Rtviwattr T 3 rrw 7 Hrund- 7 C0 7 Indoaulf
      207 words
    • 25419 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Ve»$e I Voyage Telephone ETA ETA Advertiaer Veaael V oyage Telephone SIN Deat'n Name Name Number Number SIN Deat'n Nam* Nam* Numfcar Number MMMHNMMRMMHIHMMHMIMHMHHMMMMHH MNMMNNNNMMMMaHMBMNMRNNMMHHHOMMMM6MMMMMBMMMMMB 26/03 03/09 Safer out* HYUNDAI ADMIRAL 5121 65-*****22 TO ABIDJAN (ABJ) 2003 T BARCELONA (BCN) 2042 Ivory
      25,419 words
    • SHIPS IN PORT
      • 674 41 v>wt y oy fccth Arrtvol Ptp<rt«r< East. is w.owooo iff 1 M 1141/2300 ■J*"* J°» unpin IUVSM 1* g* m n.01/2300 JXU* •»•«•»•<«• 8 0V0300 J2J 44 8 51/0400 "Pti oi* J04 mMt 10.01/800 j* 1 Ml 02/44 J8 hoascm i0 :j,"400 "to* 1 WW JW SUS2 n.ovwoc
        674 words
      • 1215 41 RECEIVIHO OF EXPORT FCL CONTAINERS AND LCL CARGO BOOfclltQ/MMCt Rltll Ship voy No ttb/tf Nrtod from To Prow Mad* MR «rt*0 M OI/HOO OVMt OVWOO *SS5 ooi tt/iooo u OVTTOO wow n/otoo 21 *"X C.0451 >0/MX CCX */l4M «/noc w/mm n/froo MMMW MT» It/MO U 01-5X ~J9A45l" Jl^tX
        1,215 words
      • 204 41 Mar 17 United Kingdom: St Patrick's Day. aurao Japan: Vernal Equinox Day. MM* 21 Mexico: Juarez Day. Mju-20 Greece: Independent Day. AprB Hong Kong: Chlng Ming Festival. Apr 7 Brunei: Harl Raya Hajl. Malaysia: Harl Raya Hall. Apr# Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good
        204 words
      • 825 41 THIS report, compiled by Cockett Marine 00 Ltd. *how* price rangae In US dollar* InWeed at ting)* price* for a more comprwhenaive deecrlptlon of the market. Price* ahown arc baaed on avereceived *tem Market move menu are Indicated. The Cockett Bunker Price Index change and the
        825 words
      • 397 41 W24 O.M 72 O.M 2*J P»<«tT **m HtUm Art AI—MI— iHtaiit No »t>ovt £25 4 1 1 3 0 0 KH/H MO Aw 904J 0J 13.0 0.06 25 0.02 U/*1 ««A J?" M0,ta W2J 10 18.7 O.M 46 O.M %w m—t Mo «6om 635 4 0
        397 words
    • AIR & LAND TRANSPORT NEWS
      • 250 42 Bridge News (CANBERRA] Australia's competition watchdog has delayed its decision on the proposed alliance between Ansett Australia, Air New Zealand and Singapore Airlines until it considers whether a further application from the airlines over the deal contravenes the trade practices act. Australian
        Bridge News  -  250 words
      • 164 42 Reuters [SYDNEY] Ansett Australia said yesterday its international airline would add one more weekly return flight to Denpasar in Indonesia to cope with a 30 per cent surge in Australian tourism to Bali. "While the Asian downturn has initially affected outbound traffic to some
        Reuters  -  164 words
      • 478 42  -  Privatisation of South African Airways expected to be completed later this year By] Felix Chan [SINGAPORE] Singapore Airlines (SIA) and Germany's Lufthansa are considering purchasing a stake in South African Airways (SAA) ahead of its planned privatisation. "Singapore Airlines and Lufthansa
        478 words
      • 213 42 AFP [HONGKONG] Hongkong aviation authorities yesterday were clearing a backlog in flights caused by heavy fog that threw the airport into chaos and wrecked the travel plans of thousands of passengers. Civil Aviation Department spokesman Vincent Kan said airline schedules should be
        AFP  -  213 words
      • 431 42  -  It is launching new service in region next month From P T Bangsberg in Manila FEDEX, the world's largest allcargo airline, believes Singapore will weather the current economic uncertainties better than almost any other country in the region, and remains "very positive"
        431 words
      • 400 42  -  By: Felix Chan [SINGAPORE] All Nippon Airways (ANA) announced yesterday separate bilateral alliances with Lufthansa and United Airlines as it struggles with rising competition and hefty losses expected in the current fiscal year. Lufthansa and ANA confirmed yesterday that they have agreed to
        FILE PHOTO  -  400 words
      • 151 42 Bernama [ISTANBUL] Proton, hit by an expected 60 per cent drop in car sales in Malaysia this year due to the economic downturn, may very well find Turkey an alternative "gold mine". Jetpa Holding, the sole distributor of the Malaysian national car for the
        Bernama  -  151 words
      • 1685 42 CITY FU6HT tT* fllCHT CTO 1*7304 »40 S0326 2355 mmm cvtm zoos ow mo mm tm tMM M7381 1930 8*7382 2090 **lfM 1730 WO 0f81 1930 0FS2 2050 CMMfzkMMC S0003 I9K C2352 0255 S0229 2220 CZ38I 2035 S0004 1025 KmfrUm KL043 0550 U.838 2335 MM— WK
        1,685 words
  • Page 27 Advertisements
    • 20 27 Cathay Pacific braces for more turbulence HK airline battles a traffic slump resulting from the region's financial turmoil. Page 2
      20 words
    • 337 27 Sinfport a A panel of leading executives from the shipbuilding and II shiprepair industries in Asean will discuss the ■1 prospects for the industries in the region at the Shipbuilding and Ship Rapalr Conference *96 to be held on Mar 26 and 27. The Shipbuilding and Ship Rapalr Conference. 1
      337 words
    • 154 27 SIA, Lufthansa may buy stake in S African airline Privatisation of South African Airways expected to be completed later this year. Back Page ■BORDERLESS ~£*s&*■ fat #4, i. immF? Sfit L &p£! 4llite ••.'.V..-:- V -3»* 1 r -*t.. i 'v- jfc 9S& -^P :«Kro<gjC .-Jon- „>-^ t (r i
      154 words

  • Page 28 Advertisements
    • 184 28 iivi W•«» 7 j a LI/ W; ASIA ANDES EXPRESS SERVICE II TO (WEST COAST OF SOUTH AMERICA) I A NEW DIRECT SERVICE FROM SINGAPORE TO MEXICO, COLOMBIA, PERU AND CHILE VESSEL VOY SPORE MANZANRLO BUENAVENTURA CAUAO ILO KMJKNJE ANTOfAGASTA VALPARAISO CSAV RIO DE JANEIRO 0602$ 12/03 10/04 14/04 17/05
      184 words
    • 552 28 i@| sSD Snqapore Shipping Association EXPOff/ 3 K iopoc 2 Hongkong 1 Mon.lo 1 KootWig. lAccphnfl FCI K> WOC/NAHA/SENDAI/CaU/lO* VI VW HQ. WW JCT WJ |W| WHWIB B KAO TTB USN IWt IMI MOO MB kioosi 0040 -ma Mdil itM f ***** tIM flit kST RM'IS accomst w 1103 im
      552 words

  • Page 29 Advertisements
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  • Page 30 Advertisements
    • 960 30 fcT DSR-SENATOR 111 Round the World Container Services EVERY SUNDAY 17 DAYS TO LONG BEACH 19 DAYS TO SEATTLE 21 DAYS TO OAKLAND NEWSffIP AGENCIES PTE LTD SINGAPORE: TEL: *****10 FAX ******0 TLX R8 ***** FOR ENQUIHY/BOOKING8: JENNY/LAY CHOQCATHEJUNE *****44/4043 PORT KLANGc 81NARAN MALIM SDN BHD TEL: 03-*****88 (5 HUNTING
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  • Page 31 Advertisements
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  • Page 32 Advertisements
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    • 889 32 m. AM MAC-NELS S'PDHE M'SIA Carrier: MN CONTR LINES, INC rKTV" J CSM NOi iaoo67sooooa S»U: (084) *****9 MANILA: (832)*****24 V PENANQ: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKT: (21) *****07 MPN: (61) *****3 KUCHKQ (062) *****1-3 MANILA ASHDOP MV "MARTRAVELLER" V.99N MV "ZIM
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  • Page 33 Advertisements
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  • Page 34 Advertisements
    • 904 34 BAWQKOK/LAIM CHAIAMQ JAKA RT A/PAN J ANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN RATHA BHUM" 04N In Pt 13/03 DEJA BHUM 738S In Pt 13/03 1 2 /03 NANTA BHUM 384N In Pt 14/03 13/03 XETHA BHUM ***** 12/03 14/03 SINO MARINE MRN339 11/03 14/03 XETHA
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    • 398 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu~l I Mum VISSII VOY SMI IBJ 5555H VQY SIN MUA ISn V 9005* 15-14/03 21/03 WOOSC 14-15/03 20/03 IMb V9OOS€ 73-24/03 79/03 M iode
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  • Page 35 Advertisements
    • 389 35 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS S£Mt-COWTAtf«RiBED SEBVICg m VOY IPORE A aAM/R DAM I H lUHQ IWEMtM AWTWIiu A VESSEL 27/3 1/4 OMIT S/4 TO AUSTRALIA ~l FULL COWTMNEW SERVICE WL VOY I SS"ST| m Itg SYD MB. NBA API FWt MLUOECAKLLA V OfflS OMJ3 C 7« IM3
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    • 1001 35 VESSELS 1 VOY SIN JED MLA LEH HAM THP RTM ZEE VXEOE NORMA N24W 13rt)3 22/03 28/03 01/04 04/04 01/04 03/04 02/04 VXEOCOEMHA H24W 18/03 28/03 02/04 07/04 0004 11/04 11/04 12/04 VXE [yOWON V24W 24/00 01/04 08/04 12/04 13/04 IYO4 IS/04 16/04 W-LE DC TANYA T29N 06/04 14/04 19/04
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  • Page 38 Advertisements
    • 45 38 To retrieve more schedules, just follow these simple steps... document ial 740-6000^^^^^^ tep be faxed your e V/m Step key n the four number /Jm J digit code Key in your Example: r—•—« fax number To NEW YORK (NYC) 2275 for calls within Singapore iNSI
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  • Page 41 Miscellaneous
    • 124 41 LEGEND: R Thunderstorm Temperature c V Shower Weather Wind direction with speed in knot* ee Rom Cloudy Sky Hfl|« W v height Serjoee wind* ore indicated by arrow, which tty with the wind One Ml circle represents calm or kght and vonabte winds One hotf flee he represents 5 knots
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