The Business Times, 13 March 1998

Microfilm: NL21173
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) U<y 12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, MARCH 13,1998
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  • Article
    MARKET SUMMARY
    74 1 fl sin U IBBOJB4 (+3.00) fl BT-SRI U «M§ (+4.99) fl BTOQMP U 1387J2 (+7.86) fl BTHOA U ***** (+15.62) n HABKETHOOD; Mixed snwiiiETneacBg Thursday Change KLSECOMP ***** 11.88 NIKKEI 16*7612 —-1 8W8 HANG SENG *****47 216.38 SET INDEX 498.87 A.U JAKARTA COUP —49&19 *31 MANILA COUP _S,17U9
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  • Article
    FINANCE
    80 1 EXCHANGE BATES* ust St an -—uo4 i_I 1.660 2.696 DM 1547 1893 YEN IN 1776 L*6 Ml M67 Ml* HKS 1129 Mil BAHT 0.023 0.038 KUP1AH IN Mil—-1111 J*tebmnk roMs V.W I V I v.vtv Itttorixutk roJw rams KATES SINGAPORE* 7.86 KUALA LUMPUR. 10.45 JAKARTA 22.00 BANGKOK 1526 MANILA
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  • Article
    Jakarta says no visit to Washington after all
    660 1  -  Diplomats intrigued; move seen as sign US govt unhappy with reforms, Cabinet From S N Vasuki in Jakarta IN a new twist in the long-run-ning saga here, the Indonesian government yesterday said a high-level delegation would not be visiting Washington next week
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  • Article, Illustration
    Indonesian student protests intensify
    495 1  -  FYom\ S N Vasuki in Jakarta STUDENT protests intensified across Indonesia yesterday, leading new Armed Forces commander General Wiranto to warn students against engaging in "destructive" acts. Security forces had to use teargas at a university in Surabaya to disperse hundreds of anti-government demonstrators. The student
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  • Article
    GIC buys 5% stake in biggest Thai broker Securities One
    408 1  -  Stake valued at 108 m baht; sale arranged by govt-owned agency From Harish Mehta in Bangkok THE Government of Singapore Investment Corporation (GIC) has bought a 5.03 per cent stake in Thailand's biggest brokerage, Securities One. Securities One is a
    408 words
  • Article
    Old Japan hand to be China's new foreign minister
    264 1  -  He will replace Qi&n, 09, who is stepping down citing old age From, Lu Ning in Beijing TANG Jiaxuan, an old Japan hand at the Chinese Ministry of Foreign Affairs, is set to be appointed the new foreign minister at the
    264 words
  • Article, Illustration
    Lock icon Cycle & Carriage profit down 20.6%, its first fall in a decade
    502 1  - Cycle Carriage profit down 20.6%, its first fall in a decade By i Christopher Tan [SINGAPORE] Motor and property group Cycle Carriage Ltd (CCL) has posted its first profit shrinkage since the last recession of 1985-86. Its net earnings for the year ended Dec 31, 1997, fell 20.6 per cent
    ARTHUR LEE  -  502 words
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      131 1 DfSIDE Even the bigger outfits are hurting as firms cut staff, downsize and even move into areas like interior design, Pg2 ■■I M Oman Leekpai in US Thai Prime Minister Chuan Leekpai on Wednesday appealed to the world's leading industrial powers to consider reforming the global financial system to ensure
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      6 1 Taiwan profiteering/rom crisis: China, Pg 7
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      201 1 AP iUDEMARS PIGUET The master watchmaker. r ?b- %Z M «THE FINEST WATCH IN THE WORLD WILL ONLY BE WORN BY EXCEPTIONAL PEOPLE.» f: Jules-Louis Audemars, Edward-Auguste Piguet, 1875■ .'v si* < f Garry Kasparov is the Audemars Piguet j ambassador because he too strives for excellence. He wears a
      201 words
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      5 1 MCL profitfalls 62%, Pg id
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Job growth will slow this year, says MOL
      325 2  -  Q4 retrenchments np -4,278 laid off compared with 5,506 in first nine months By, Ang Wan May EMPLOYMENT growth is expected to slow and retrenchment is expected to rise this year, the Ministry of Labour said. In a paper by its research
      325 words
    • Article, Illustration
      Lock icon Half of Yew Mei Green applicants back out
      407 2  -  62% of exec condo to be re-launched in open market tomorrow By Diana Oon ALMOST half the 501 applicants for NTUC Choice Homes' Yew Mei Green did not buy a unit in the project. As a result, 438 units or 62 per
      FILE PHOTO  -  407 words
    • Article, Illustration
      Cathay unveils expansion plans
      191 2  -  By Ang Wan May THE Cathay group is on an expansion path which will turn it into a major cinema operator in Malaysia. It plans to increase the number of screens it currently has in Malaysia from six to 60-70. At the same time, it also
      191 words
    • Article
      Architectural firms may cut staff by up to half
      526 2  -  Move seen if economic situation doesn't improve by year-end By. Abdul Hadhi [SINGAPORE] Architectural firms are looking at downsizing by up to half by year-end if economic conditions do not pick up. And some small firms are even said to have
      526 words
    • Article, Illustration
      Lock icon Fewer firms formed last year
      353 2  -  EYE ON THE ECONOMY Business Information By) Frances Lui THE number of companies and businesses formed last year was down slightly, particularly in the second half of the year with the onset of the economic downturn, latest figures from the Registry of Companies and Businesses
      Source: RCB  -  353 words
    • Article
      Do convertible bonds qualify for tax perks? MAS to clarify
      437 2  -  By\ Soh Tiang Keng ARE convertible bonds debt securities which qualify for tax incentives recently announced by the government to boost Singapore's bond market? This question was posed yesterday by participants during the budget seminar for business executives and professionals
      437 words
    • Article
      Some CPF funds taking in cash
      422 2  -  Rothschild fond among the first to advantage of new guidelines By\ Shiv Taneja ROTHSCHILD Asset Management (RAM)'s Five Arrows South-east Asia Special Situations Fund is one of the first CPF-approved funds to take in cash investments under new guidelines announced last week. RAM managing
      422 words
    • NEWS Roundup
      • Article
        Hourly updates on air quality
        36 2 THE Ministry of the Environment will start to issue hourly updates of the Pollutant Standards Index or PSI from today. The hourly updates will be issued between 6am and 10pm daily.
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      • Article
        Best Connection with NTUC Income
        42 2 FROM next Tuesday, some 700,000 life policyholders from NTUC Income can buy goods on instalment at electronics chain The Best Connection. Policyholders can now enjoy pre-approved credit of up to $6,000 at all Hie Best Connection outlets.
        42 words
      • Article
        SingTel Paging launches new service
        34 2 SINGTEL Paging launched a two-way paging service called Page2Page yesterday. The service allows customers to know if their messages have been read and acted on by the paged party.
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      154 2 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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      118 2 —f WORLD WIPE I II Since 1975 our worldwide staff of over 275 mutti-disciplined professionals I I including lawyers, chartered accountants, chartered secretaries and I I bankers have provided confidential and cost effective company formation I I in all the major low tax areas including: I Full professional after sales
      118 words
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      31 2 lr jrfor a total solution o approach to i commercial and industrial air-conditioning. Hitachi Plant 10 Anson Road *12-14 International Plaza S'pore *****3 Tel 222 0663 Fu: 224 8358 Email: hpcsgi^cybciiiyxon-tf
      31 words
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  • PARLIAMENT
    • Article
      Govt able to spot a downturn quickly
      862 3  -  Yock Sn&n assures House that govt is monitoring impact of tnrmoil closely Audrey Tan arul David Boey SINGAPORE'S cost competitiveness received a full airing in Parliament yesterday, as MPs spoke for firms caught in the current economic downturn. They urged the government to
      862 words
    • Article
      What they say
      185 3 'Till today, there exists a not inconsiderable number of Singaporeans who still fear the ATM.' BG Gewge Yeo, Minister tor Information and the Art* and Second Minister for Trade and Industry, on the hurdles the government faces in helping to acquaint Singaporeans with cutting edge computer technology
      185 words
    • Article
      Sesdaq may ease rules to help emerging firms
      287 3  -  By. David Boey THE government is considering amending Sesdaq rules to help emerging companies raise funds for corporate expansion, Minister for Information and the Arts, George Yeo, told Parliament yesterday. BG Yeo, who is also Second Minister for Trade and Industry, said
      287 words
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      42 3 v i :?Npi5 4. s "'"X*» I Al^jjft v < Kfc^f; j d6fc M O Y E MiMTS i A 4 V S^V^JpfP? .^^jp^*..,' J&B Y RAYMOND^WEIL —-c- —jrn.*—m Raymond Weil Showroom Service Centre. #02-09 Raffles Hotel Arcade, Singapore *****9. M 339 3218
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      11 3 I I Tailor made solutions available. (Give us your measurements.) I
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon Regional crisis will set back IT in Asia by 2 years: study
      568 4  -  70% of local channel for IT goods, services could vanish By] Raju Chellam [SINGAPORE] The currency crisis will set back the growth of information technology in Asia by up to two years, with a consequent impact on global
      Source: Gartner Group  -  568 words
    • Article
      Lock icon Standard & Poor's downgrades Indonesia's currency ratings
      577 4 Standard Poor's downgrades Indonesia's currency ratings Agency cites 'crisis of confidence in leadership', places it on negative watch AFP [HONGKONG] Standard and Poor's Inc said yesterday it had downgraded Indonesia's currency ratings due to a crisis of confidence in the country's leadership and placed it on negative watch. The New
      AFP  -  577 words
    • Article
      Philippine banks told to raise minimum capital
      486 4  -  Move is aimed at pre-empting any shocks to industry From. Al Labita in Manila THE Philippine Central Bank (CB) yesterday ordered an increase in the minimum capital requirements of banks to preempt any future shocks in the industry. CB governor Gabriel Singson said
      486 words
    • Article, Illustration
      Lock icon Chuan calls for reform of global financial system
      513 4 AFP [NEW YORK] Thai Prime Minister Chuan Leekpai on Wednesday appealed to the world's leading industrial powers to consider reforming the global financial system to ensure equitable growth. Mr Chuan, addressing the Council on Foreign Relations here at the start of a
      AFP; REUTERS  -  513 words
    • Article
      Lock icon World finance officials to meet in Washington on April 16
      259 4 Bloomberg [WASHINGTON] Finance ministers and central bankers from 22 nations will meet in Washington on April 16 to discuss regulatory and supervisory reform efforts for the new global economy, the US Treasury Department said. The meeting, held in conjunction with
      Bloomberg  -  259 words
    • Article
      Lock icon Recession forecast for three East Asian nations
      243 4 AFP, Reuters [MANILA] Three East Asian countries which have sought multi-billion-dollar bail-outs from the International Monetary Fund (IMF) are projected to move into recession this year, the World Bank said yesterday. Uri Dadush, chief of the World Bank's Development Prospects Group, said Thailand
      AFP,; Reuters  -  243 words
    • Article
      Lock icon Aussie US$1b offer to Jakarta on hold
      207 4 AFP (CANBERRA] Australia yesterday said it has withheld the US$l billion (551.63 billion) loan promised to Indonesia as part of the International Monetary Fund bail-out programme until it complies with IMF conditions. Treasurer Peter Costello said the government had offered the loan to
      AFP  -  207 words
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      252 5 jl Page2Page Jr p yom A iiA g— I Bul\ V7\ vi WAwA'n JSM* "j I lOsAa M v At/ v/v)// I HHra \YX \YA U >»V/y I —3 EK I 9 R/IRWuW I ■■MVnyMM 7 /2&1 p IvtyxNi aV^ f Sk^>)%% iit -***< 4 tf i ...v i j2f&-ltg!
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Empty threat in Chavalit's call
      737 6  -  LETTER FROM BANGKOK No-confidence motion seen as no more than a nnls&nce and may backfire on opposition party By, Harish Mehta THAILAND'S opposition leader Chavalit Yongchaiyudh has threatened to bring down the ruling Chuan Leekpai government within 20 days. It is, of course, an empty
      737 words
    • Article
      Lock icon East Kalimantan fires damage 65,000 ha of forest and land
      281 6 JAKARTA AFP FIRES that have burned in the Indonesian province of East Kalimantan since January have gutted over 65,000 ha of forest and ground, an official report said yesterday. A report released by the East Kalimantan environmental impact management agency
      AFP  -  281 words
    • Article, Illustration
      Lock icon Estrada unfit to represent country at meeting: Ramos
      180 6 MANILA AFP VICE-PRESIDENT Joseph Estrada is unfit to represent the Philippines at next month's Asia-Europe meeting in London, President Fidel Ramos said yesterday in a stinging criticism of the country's No 2 leader. Former movie star Mr Estrada, a coUege dropout who
      AFP  -  180 words
    • Article
      Lock icon Many foreign projects in Vietnam in the red
      397 6 HANOI And many firms fail to meet government's export quotas AFP ABOUT one-fifth of all foreign invested projects operating outside industrial parks in Ho Chi Minh City are suffering major financial losses, a report said yesterday. Thirty-three out of 165 foreign invested
      AFP  -  397 words
    • Article
      Lock icon KL police proposing special court to handle illegal immigrants
      434 7 KUALA LUMPUR Move can help clear backlog and hasten processing of rising number of cases AFP MALAYSIAN police has proposed that a special court be established to hear cases involving illegal entry in a move to expedite the deportation process, reports
      AFP  -  434 words
    • Article, Illustration
      Lock icon Here stood our school
      62 7 [MAE SOT,Thailand] Karen refugee children sifting through debris that was once their school at the Huay Kalok refugee camp in the western border town of Mae Sot yesterday. Earlier this week, armed men from Myanmar attacked this camp killing at least three Karen refugees and injuring
      RBUTERS  -  62 words
    • Article
      Lock icon Sotheby's to help sell art belonging to Med Thai finance companies
      283 7 BANGKOK AFP SOTHEBY'S of London has offered to help Thailand sell the art and antiques that used to adorn the board rooms of failed finance firms. Central bank officials said yesterday that the auction house had expressed interest in
      AFP  -  283 words
    • Article
      Lock icon Umno kicks off grassroots polls amid call for unity
      361 7 I KUALA LUMPUR 166 division leaders to be selected in two weeks of voting Reuters MALAYSIAN Prime Minister Mahathir Mohamad's political party yesterday began grassroots elections overshadowed by a call to avoid head-to-head challenges in the interest of unity. Members of
      Reuters  -  361 words
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      59 6 V ■:I r Track the Tiger from a toddler -M __|f destined tor gott and heroic Masters Tomorrow on J-/ Mi Co-Sp«n»or« y > ml aaamiwufiil— anta holidays ptk ltd Authority of Thailand V Ih'• ®jmC2iE£&= HHBtoe RTO.fTljTOlWßlHlnlJilik d Tomoirow 10pm Premiere 12 is a channel of Singapore Television Twelve
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      1 6 heir
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      97 7 Bangkok foi as little as 1 jo oi m Bangkok and I'atlaya !oi -i meie $180 I aeh p K i ne ludes found trip <■( onomy (kiss ticket, hotel "i( (omrnodahon on a twin sharing basis plus breakfast, aiipoit tax, transfers, and weekday jj.reen lees I oi reseivations and
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  • CHINA – HONGKONG – TAIWAN
    • Article, Illustration
      Lock icon Taiwan profiteering from crisis: China
      428 8  -  NATIONAL PEOPLE'S CONGRESS Vice-premier slams Taiwan for devaluing NT$, Asian visits, bat offers olive branch Froi Lu Ning in Beijing CHINA yesterday accused Taiwan of contributing to and then profiteering from the financial and currency crisis that has engulfed South-east Asia. Using some of the
      AFP  -  428 words
    • Article
      Lock icon Three Gorges resettlement mismanaged: study
      351 8 BEIJING Moving of more than 1.2 m people held up, says sociologist AFP MISMANAGEMENT has held up the resettlement of more than 1.2 million people from the massive Three Gorges dam project, risking violent upheaval if flooding begins as scheduled, a study revealed yesterday. Resettlement
      AFP  -  351 words
    • Article
      Lock icon Taipei okays scheme to boost sales to S-E Asia
      185 8 TAIPEI AFP TAIWAN'S government yesterday offered to insure exporters to the tune of NT$9.6 billion (*****.7 million) to boost sales to ailing South-east Asian economies. The finance ministry proposed insurance coverage for exports to South-east Asia through the Export-Import Bank, and
      AFP  -  185 words
    • Article
      Lock icon Clinton may travel to China for state visit in June, aides say
      536 9 WASHINGTON His target: to spur talks aimed at paving way for Bering's WTO entry Bloomberg US PRESIDENT Bill Clinton may travel to China for a state visit at the enti of June to push talks aimed at clearing
      Bloomberg  -  536 words
    • Article
      Lock icon 70b yuan for green projects in Shanghai
      185 9 SHANGHAI AFP SHANGHAI has earmarked 70 billion yuan (5513.7 billion) for projects to protect its environment, of which 10 billion yuan is up for grabs by foreign investors, a report said yesterday. "Xinhua news agency quoted a Shanghai economic commission official as saying
      AFP  -  185 words
    • Article
      Lock icon Japanese jailed 21 months in HK for cyber-porn
      363 9 HONGKONG Sentence is highest penalty meted out in HK for such offences AFP A JAPANESE computer engineer was sentenced to 21 months' imprisonment for posting child pornography on the Internet, the toughest sentence handed down in Hongkong for such an offence, police
      AFP  -  363 words
    • Article
      Lock icon Senate panel backs move to condemn China
      175 9 WASHINGTON AFP. Reuters THE US Senate Foreign Relations Committee on Wednesday backed a resolution urging the US to condemn China's human rights record at a United Nations meeting next week. The resolution urges President BUI Clinton's administration to support a measure condemning Chinese
      AFP.; Reuters  -  175 words
    • Article, Illustration
      Lock icon Targeting the girls
      72 9 [HONGKONG] Hongkong police displaying four air rifles and six pistols at the police headquarters yesterday. They had seized the items from the work place of a photographer. The 30-year-old photographer was detained late on Wednesday for allegedly planting a smoke grenade outside a photography studio. Police, who
      REUTERS  -  72 words
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      77 8 NEC ExpresssBoo/100 Series Servers CHAMPION SERVERS Price Competitive Unbeatable Performance Super Reliable Looking for f The next generation of NEC ExpresssBoo/ 100 Series Servers with Intel Pentium® and Pentium® Pro processors are tops in speed, performance, power and multimedia capability. They meet your every need from entry level, to V
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      35 8 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified Service \♦'v- A-« K. jf I I I EEli¥«3? DSES|;
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      382 9 I Talking over the phone\ Iwhilst driving has never I been easier. (And you'll save on cash and convenience too!) Introducing the Blaupunkt Radiophone, even get a fantastic trade-in offer for the first Car Radio in the world that also your benefit and convenience! functions as a full-feature GSM mobile
      382 words
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  • ASIA
    • Article
      BOJ governor intends to resign over graft scandal
      493 10  -  Seaftk for successor coald extend beyond central bank, MOF into political arena FYrmi i Anthony Rowley in Tpkyo BANK«of Japan (BOJ) governor Yfwuo Matsushita conflnricpL yesterday that in a meeting with Prime Minister Ryutaco Hashimoto he had warfttd to resign over the
      493 words
    • Article, Illustration
      Lock icon Jaya blocks Vajpayee from PM's chair
      534 10  -  She is said to have pot forth many conditions for her support From, Rajendra Bajpal in New Delhi THE Hindu nationalist Bharatiya Janata Party (BJP) may not be able to carry out its plan of forming the next coalition government by Sunday, no thanks
      AFP FILE PHOTO  -  534 words
    • Article
      Lock icon Powerful movement emerges in LDP to oust Hashimoto
      454 10 TOKYO Party rebels favour veteran with aggressive fiscal plan Reuters JAPAN'S political drums have started beating a new rhythm over the past week and the message is that Prime Minister Ryutaro Hashimoto, once the darling of his Liberal Democratic Party, may be
      Reuters  -  454 words
    • Article
      Lock icon Korean firms warned against mass sackings
      227 10 SEOUL AFP, Reuters SOUTH Korean Labour Minister Lee Ki Ho yesterday warned companies to refrain from firing workers en masse, saying the government would take stern measures against offenders. "We urge companies to refrain from laying off their employees in massive numbers like 30
      AFP,; Reuters  -  227 words
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      94 10 < MBirr ITIT"** *tR w-m n v i.. rV CNBC ASIA BUSINESS NEWS. r*r i V •v: '•i'jfe' THE MORNING RITUAL FOR ASIAN BUSINESSMEN. r- f* V '-'*w > 1 Jty -v lp itep >.' f. 1# v rS-r&i »•< 4-' ■> 7 V'>£ri|W»gJ.'. V =s V >\0 V ppn^^
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  • THE WORLD
    • Article
      Lock icon US current account deficit hits record US$45.6b in Q4
      396 11 WASHINGTON Last year's shortfall widens to USsl66.4b, the largest in almost a decade Bloomberg THE US trade deficit in goods, services and investments widened to a record U5545.6 billion (5574.4 billion) in the fourth quarter, the Commerce Department said. For all
      Bloomberg  -  396 words
    • Article, Illustration
      Lock icon Kohl allies put up strong show of support as poll ratings drop
      345 11 BONN Reuters HELMUT Kohl's allies tried yesterday to quash a debate over the German chancellor's ability to lead the Christian Democrats (CDU) into an election that polls show they are likely to lose. CDU leaders said that only
      Reuters  -  345 words
    • Article
      Lock icon US, Russia heading towards deals worth US$100b: officials
      267 11 WASHINGTON Conoco and Lukoil sign deal to develop Russian oil reserves AFP US AND Russian firms on Wednesday signed a string of cooperation agreements and are now on course, according to US officials, to conclude additional deals worth US$lOO billion (*****.2 billion).
      AFP  -  267 words
    • Article
      Lock icon Pilot error to blame for ski-lift tragedy
      211 11 AVIANO, Italy AFP PILOT error caused the Cavalese cable car tragedy in Italy last month that killed 20 people, according to the findings of a US military inquiry released yesterday. The crew of the US aircraft face a possible court martial and even
      AFP  -  211 words
    • Article
      Lock icon EU duty-free plan to hit airport revenue
      275 11 GENEVA Airports council warns move will have knock-on impact Reuters THE European Union's planned abolition of internal duty-free sales will have a "chilling" impact on investment in airports around the world, the head of the global airport body said yesterday. Jonathan Howe, directorgeneral
      Reuters  -  275 words
    • Article
      Lock icon Downgrade by Moody's not disastrous: Yeltsin
      169 11 MOSCOW AFP RUSSIAN President Boris Yeltsin yesterday played down a pessimistic assessment of the Russian economy by a leading international credit ratings agency, saying it was "not a catastrophe". Mr Yeltsin said that despite the move on Wednesday by Moody's Investors Service to downgrade
      AFP  -  169 words
    • Article, Illustration
      Lock icon Footsie close to breaking the magical 6,000 barrier
      600 12  -  UK stock index confounds forecasters by leaping 12% in 10 weeks From. Neil Behrmann in London LONDON'S FTSE 100 index is beginning to flirt with the magical 6,000 barrier. Trading at 5,794 points yesterday after hitting an all-time intra-day high of 5,862
      Source: Bloomberg  -  600 words
    • Article
      Lock icon Economists, investors flock to Milken's Asia conference
      244 12 LOS ANGELES Bloomberg MICHAEL Milken may be barred for life from working in the securities industry, but he's drawing hundreds of people to his conference on the world economy. Mr Milken headed the junk bond business at Drexel Burnham Lambert Inc and spent
      Bloomberg  -  244 words
    • Article
      Lock icon Cut taxes, raise spending, US tells Japan
      260 12 LONDON Tokyo asked to raise spending by opto USsBob: report AFX-Asia THE US has told Japan it urgently needs to cut taxes and raise spending by up to US$BO billion (*****.5 billion), the Wall Street Journal Interactive reported, without citing sources. The message
      AFX-Asia  -  260 words
    • Article, Illustration
      Lock icon Annan's Iraq accord not a sellout: Clinton
      494 12 WASHINGTON Reuters REBUTTING criticism from conservatives in Congress, US President Bill Clinton said on Wednesday the agreement that United Nations SecretaryGeneral Kofi Annan signed in Iraq for unimpeded weapons inspections has been going well and is "clearly not a sellout". Mr Clinton also
      Reuters; AFP  -  494 words
    • Article, Illustration
      Yes, size does matter
      841 12  -  EUROPEAN VIEW As smaller states toe the line, larger nations bend the rnles By Kevin Sullivan ITALIAN finance minister Carlo Azeglio Ciampi emerged from a meeting with his European counterparts in Brussels this week amid glowing tributes to Italy's Herculean efforts to rationalise its ramshackle public
      841 words
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      64 11 Volkswagen's New Passat 1.8 Turbo. li uli n fully i;iilt (wised hotly, a 110 ju rah e engine fins from and si,l,: mi /»#".:>. the It) > din l>< i lmman, and refinement. \nd note. rhi'ak tn mil yjiarnnleed < <>1 "//<_•'. it i tin he your.s tor just ()i
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      111 12 EXCLUSIVE OPPORTUNITY Realise your dreams for success and prosperity, through identifying and maximising life's opportunities"... We invite you to be our guest and join Mr Norman Emanouel (Development Entrepreneur) for a truly inspirational experience, focussing on"Real Life" opportunities and human behaviour. Norman Emanouel v Discover how possessing an uncompromising will
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  • EDITORIAL & OPINION
    • Article, Illustration
      US grows more fearful of world trade
      627 13  -  THE BOTTOMLDTE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared DESPITE a booming economy and a bounteous job market Americans seem to be increasingly fearful of international trade even as they grow
      627 words
    • Article
      IN OTHER WORDS
      166 13 'You can give money to relatives and friends, but not to persons of authority, even though that person may be the lowest form of animal life.' -Yang Pong How Singapore's chief justice, known in legal circles for his landmark decisions and memorable comments in court, in a
      166 words
    • Article
      Thailand on the mend
      619 13 EDITORIAL THAILAND seems to have improved its chances of getting out of its economic difficulties. Although it is not out of the woods yet, the three-month-old Chuan Leekpai government is committed to reforming the economy and there is evidence that the steps taken so far are
      619 words
    • Article, Illustration
      Making Indonesian firms more accountable
      913 13  -  But how effective new financial disclosure role* will be depends on their implementation By\ Benny Tabalujan The writer is a senior lecturer in business law, Nanyang Business School, Singapore and the author of Indonesian Company Law: A Translation and Commentary (1997) THE problem of Indonesian
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    • Article
      WHAT THE OTHERS SAY
      907 13 Can US do without anions? WE associate Henry Ford with two rather extraordinary events: He introduced the assembly line in 1913 and he doubled the wages of his workers soon after. Less well-remem-bered is that within a few years, inflation had eaten away all the economic
      907 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      31 13 DOONESBPRY By Garry Trudeau IBSW&I W^fSSa^Ucpr I I T6£T I VSFair£ n r I MONe/YOU\IWCAR. I &6HT I A!RHOL£S!N I I rxtSS-DiX G J I BCFYSUMMrrm AXOJNOU I BUCKS' ■TUB TXUNK.MP?
      31 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Confused over what it means to be an adult
      835 14  -  Main characters of Seinfeld shun relationships, says mart mcnamaba MARY MCNAMARA LAT-WP IN THE last episode, they should, of course, all get married. To each other preferably, to minimise the damage to the gene pool. Such a marriage would be illegal,
      LAT-WP  -  835 words
    • Article, Illustration
      Lock icon Stella McCartney shows her frocks for hip chicks
      513 14 FASHION Collection confirms that Paul's daughter has the talent to pep up Chloe image AFP [PARIS] Stella McCartney, who has said she is only really interested in designing clothes that she or her friends would want to wear, was true to her
      AFP; REUTERS  -  513 words
    • Article, Illustration
      Lock icon Marriage of food and fine art
      496 16  -  ART More restaurants holding exhibitions of art to take home after a meal By] Ben Munroe [SINGAPORE] The F&B industry has long realised that art on the walls helps attract customers and creates a more elegant dining environment, but artists are realising more and
      FILE PHOTO  -  496 words
    • Article, Illustration
      Runaway success: Her World Brides set for 2nd print run
      498 16  -  MAGAZINES By' Tan Su Yen [SINGAPORE] Less than two weeks after its spectacular launch. Her World Brides magazine is doing so well that a second print run is set to hit the news stands this weekend. Says Raymond Wong, senior
      498 words
    • Article
      Bosnian youth play recalls horrors of war
      698 16  -  THEATRE REVIEW Production reminds audience how yonng people see the world By\ Ben Munroe [SINGAPORE] The very term "youth theatre" brings to mind awkward, if enthusiastic, efforts by younger family members making their stage debut at school or in community centre productions. And
      698 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      83 14 1 MORE THAN JUST A HOME IT IS SINGAPORE'S LARGEST SERVICED APARTMENTS WITH THE MOST FACILITIES AND FEATURES swimming lounge bar, and more. "WP* s P eed y° u I to Orchard at the 6-screen cineplex. WMW h I stations. Shop ar one of the largest MWI MttlMl M specialty
      83 words
    • Advertisement
      Page 14 Advertisements Column 2
      378 14 instructed by the receiver and manager mandated by the creditor bank to realise The Sh. Sameyeh Pte Ltd Collection which includes Museum Level Examples, Mr Maurice Lidchi the appointed Curator Ad Hoc announces an Refer to the article in Business Times Friday February 27th Page 14 IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION
      378 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      150 14 'I'm WEATHER Rtngnporec Slightly hazy showers with thunder mainly over Northern and Western Singapore clearing in the early evening. Temperature(34-26) WU* Oai Europe HVLo* Ceod. Hl/Lo* (M. Auckland M/ 18 Cindy Amsterdam O&J Sunm Bum**™* «/u Baagfcafc Cindy A*» 14V Cindy au Bejag _»D 1 CVmdv Berta 01/-4 Cloudy Ctaagß
      150 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      168 15 Where to wine, dine and Lroltl. Now von can wear il on the inside CWE DT, QHyWQ) LtVELI Daily A La-Carte menu. Western and local (Tf II favourites chef s m speciality top selling Hainanese Chicken Rice, Nasi Goreng Istimewa, etc. Function Room available for private parties, company dinner and
      168 words
    • Advertisement
      Page 15 Advertisements Column 2
      147 15 KINTAMANI -INDONESIAN RESTAURANTAVAILABLE FOR THE IST TIME 9 MARCH TO 31 MARCH SEABASS. STINGRAY. SQUID A CHICKEN GRILLED TO PERFECTION USING EXOTIC SAUCES WITH JUST THE RIGHT HEAT. SERVED SIZZLING HOT FROM THE GRILL. So for a BBQ culinary experience, visit us at Kintamani Indonesian Restaurant. Level 3. For reservations
      147 words
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      Page 15 Advertisements Column 3
      152 15 I WHAT HAPPENS WHEN YOU ADD A DASH OF ITALIAN PASSION WITH A PINCH OF CHINESE WISDOM? You be tfie Judge 3| p PI NO'S lIN6APOII i Opining hours from 11.30 am 12.30 mm J 25 Scuts Road. Smgsftrt *****0 I f*r rtstrvslitni. ft tan tsll 731-7 98 5 12
      152 words
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      Page 15 Advertisements Column 4
      191 15 Buy It. Sell It. Find It. Classified. C-A.T-S. Call Today For Results Tomorrow. **********6 *A&boi£iDE rUFFET* Crff'tr usu&/» /rfr -j/z/s; rsr-w<r</ssty «y/y tr frAtssMfcstS a/ .^/frSSr*. $28+++ (MJtJ $18.80 (CltMUim to) I-or reservations, please call O/l/M/z)r *****66 Ext. HQS 1 **»>■»*». »WJ. 2JHI4. W 7J7I«M to: 717 476) Om*ik£££dbyHM Ud
      191 words
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      Page 15 Advertisements Column 5
      93 15 f j|| i Delight in a meal for four i and enjoy j25% savings i j on your next meal for two i CallB3l-6271 far reservations jSS Mandarin Sirugippre 333 Orchard Road, Singapore *****7. Tel: 737 44 U I. J 1 1 I ll ll s Fin. HocrV. O-P Is
      93 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      642 15 L TV&RADIO ii.iti fw i M ing Highlights from Par- (Drama). pMTV!n„n,„inn liament). 7.00 Naalaavathu Mudichu I K! 5!, f ,<■ 1135 Business Day. fDrama;. LOT Kidz Blitz. Festival IL3O Friday Supper Treat: Os- 7JO Tamil Seithi. k Sleep- ear's Best Pictures! Un- 8.00 Berita 12. wh. forgiven. 830 Tekno
      642 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      144 15 CBYFTZC CROSSWORD ACROSS 28 The smart secret J^ent^valet? (11) DOWN BFinewords! (B) YESTERDAYS SOLUTION 14 To peter out before a musical 1 Bill, having long hair, could be entertainment (8) li |l|i li lllili li'Bi MIIWII a player (7) 16 Sick of green? (3-6) 2 Anything in a trough tempts
      144 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      162 16 Ici3*^:*zz™zz*3z*zz™zz™cz™cz*zz*zze| KING WAH Watch Pen Store is Proud to Present The MmttigP CK Salt I $2,200 E I! L Nfiw Q Pelikan /M jV TRIRATNA TOLEDO CONCERTO J Solid Gold u.p. f1,855N up. $2,300-. Pelikan GOLF Mf .W u.p. I VjibcUefoblc 50% djj IA MP^nj? o I Pelikan P3BI A
      162 words
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  • COMPANIES & MARKETS
    • Article
      Hong Leong Finance earnings fall 16.6%
      551 17  -  Results dragged down bys4%jnmpin provisions; S'pore Finance profit np 6% By\ Siow Li Sen [SINGAPORE] Singapore's largest finance group, Hong Leong Finance, yesterday posted a 16.6 per cent fall in net earnings to $72.9 million for 1997, due to a more than 50 per
      551 words
    • Article
      MCL profit falls 62%; expects loss for Springbloom project
      452 17  -  Provisions for certain development projects' possible By t Abdul Hadhi [SINGAPORE] Property developer MCL Land yesterday announced a 62 per cent drop in fall-year group net earnings to $19.5 million for 1997 despite a 60 per cent rise in group turnover
      452 words
    • Article
      Moves by Tokyo to support market make good sense now
      814 17  -  HOCK LOCK SIEW Anthony Rowley AROUND the time of the Gulf War, it became popular in Japan to suggest that the nation should engage in peace-keeping operations on behalf of the United Nations but that it should at the same
      814 words
    • Article
      Inchcape Marketing shares chased up 36%
      249 17  -  By Wong Wei Kong [SINGAPORE] Shares of Inchcape Marketing Services surged yesterday as some investors chased the stock for its cash backing, analysts said. Inchcape Marketing closed up 12.5 cents or 36 per cent at 47.5 cents on a volume of 1.56 million shares.
      249 words
    • Article
      $90m provisions stem Vickers' profit growth
      591 17  -  Earnings dip 6% despite record turnover of $403 m By Clarissa Tan [SINGAPORE] Vickers Ballas, which last November blacklisted 14 Malaysian broking firms, yesterday announced provisions of $90 million arising from bad debts and fall in the value of its investments. In contrast to
      591 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon KL securities watchdog may ease rules on foreign brokers
        389 18 Move seen as first step to greater liberalisation of financial services Bloomberg [KUALA LUMPUR] Malaysia's Securities Commission yesterday signalled that the country was willing to give foreign brokerages and investment banks a larger slice of its securities and financial services industry.
        Bloomberg  -  389 words
      • Article
        Sime hands bank stake to KUB for RM100m
        484 18  -  Group gets financial guarantees bnt risks incurring huge losses By Meera Tharmaratnam in Kuala Lumpur SIME Darby has given up its 60 per cent stake in Sime Bank to KUB Malaysia Bhd in return for financial guarantees and at the cost of
        484 words
      • Article
        Wing Tai denies talk of loan revamp
        123 18 [SINGAPORE] Property-based Wing Tai Holdings said yesterday that it was not in discussions with DBS Bank or any other bank over the restructuring of loans. The mainboard-listed group also reiterated DBS' response to a press query on Wednesday. Wing Tai "is not in
        123 words
      • Article
        Turmoil double-edged sword for SingTel's satellite project
        698 18  -  Customers cautions but cut in new transponder supply means better prices From' Teh Hooi Ling in Toulouse, France THE currency turmoil in South-east Asia has turned into a double-edged sword for Singapore Telecom in its bid to become a player in the increasingly
        698 words
      • Article
        Ssangyong Cement profit up 9% to $ 18.8m
        255 18 Ssangyong Cement profit up 9% to 18.8m [SINGAPORE] Ssangyong Cement (Singapore) yesterday reported a 9.2 per cent rise in group net earnings to $18.8 million for the year ended Dec 31,1997. Group turnover rose 2 per cent to $177.4 million, thanks in part to a newly installed state-of-the-art grinding mill
        255 words
      • Article
        Rallies in Asia overdone: HSBC fund managers
        362 18  -  HSBC Asset Management still underweights region By' Wong Wei Kong [SINGAPORE] HSBC Asset Management yesterday said the recent rallies in Asian stock markets were overdone and that it maintains an "underweight" position for the region in its global portfolio. "Except for China, we
        362 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Swire Pacific expected to have a 'heinous' 1998
        498 19 Stamping tourist industry, battered property market seen hurting profit Bloomberg [HONGKONG] Swire Pacific Ltd, exposed to Hongkong's slumping tourist industry and the battered property market, will have a bad 1907 and a "heinous" 1998, analysts say. Property makes up the lion's share
        Bloomberg  -  498 words
      • Article
        HK's Pacific Century, Intel form venture for digital services
        294 19  -  It will offer distance learning, e-commer© and online shopping By' Toh Han Shih [SINGAPORE] Hongkongbased Pacific Century Group, controlled by tycoon Richard Li, has formed a joint venture with US computer chip giant Intel Corp to offer interactive digital services in
        294 words
      • Article, Illustration
        Lock icon Property downturn may not hit SHK interim
        254 19 Reuters [HONGKONG] Sun Hung Kai Properties Ltd's 1997-96 financial year corresponds fully with Hongkong's severe property market downturn but its interim results may be spared from the impact. The Hongkong real estate developer is due to release its results for the six months
        Reuters; FILE PHOTO  -  254 words
      • Article
        Lock icon Metrobank files for liquidation of Midas group
        239 19 Bloomberg [MANILA] Metropolitan Bank and Trust Co asked regulators yesterday to order the liquidation of the Midas group of companies to allow the repayment of its creditors. In a motion filed with the Securities and Exchange Commission, Metrobank said rehabilitation of the group
        Bloomberg  -  239 words
      • Article
        Lock icon HK confirms Cheung Kong's bargain buy
        220 19 Bloomberg [HONGKONG] Cheung Kong (Holdings) Ltd, the flagship of tycoon Li Ka-shing, bought property from the Hongkong government for a fraction of its expected price, director of lands Bob Pope confirmed. The developer paid HKJI2O million (5525.3 million) for a hotel development site in
        Bloomberg  -  220 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Nasdaq, Amex could be close to accord on merger
        312 20 Move would help US' yNo 2 and No 3 stock exchanges compete with the NYSE Bloomberg '{NEW YORK] The Nasdaq Stock Market and the Amerii can Stock Exchange, the sec- > ond and third-largest US stock -•markets, are in merger talks,
        Bloomberg  -  312 words
      • Article
        Lock icon Lufthansa net income up 45%; shares surge
        168 20 Bloomberg [FRANKFURT] Deutsche Lufthansa AG said on Wednesday 1997 net income rose 45 per cent, at the high end of analysts' forecasts, boosted by alliances with other airlines, cost cutting and a stronger doUar. Shares of Germany's dominant airline surged than 7 per
        Bloomberg  -  168 words
      • Article
        Lock icon New Microsoft tools tie Java to Windows
        314 20 Move draws flak from Sun trat wins support from Apple Reuters, AFP [SEATTLE] Microsoft on Wednesday unveiled its latest development tools for the Java computer programming language, adding features that drew criticism from rival Sun Microsystems. The new software tools, expected to be
        Reuters,; AFP  -  314 words
      • Article
        Lock icon MCI, Worldcom shareholders say yes to merger plan
        262 20 No surprises in composition of new board NYT THE shareholders of MCI Communications and Worldcom voted overwhelmingly in favour of their companies' pending US$37 billion (SS6O billion) merger on Wednesday. The votes came hours after the companies disclosed a 17member lineup for
        NYT  -  262 words
      • Article, Illustration
        Lock icon The way ahead for Opel
        57 20 [FRANKFURT] German Chancellor Helmut Kohl (right) and David Hermann, chief executive of German car manufacturer Adam Opel AG, chatting in front of the new Opel headquarters in Ruesselsheim before Wednesday's official opening ceremony. The new headquarters cost nearly 200 million deutschemarks (SSIB7 million) and will
        REUTERS  -  57 words
      • Article
        Lock icon GM aims to cut cost worldwide by US$4b this year
        260 20 Reuters [DETROIT] General Motors Corp on Wednesday set a 1998 worldwide goal of cutting US$4 billion (516.5 billion) in costs, the first time it has publicly established an annual cost-reduction target in several years. Chief financial officer J Michael Losh
        Reuters  -  260 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Nomura to stop managing HK-based Epic hedge fund
        371 21 Firm declines to give reasons for move; 15 employees to be laid off Bloomberg [HONGKONG] Nomura International (Hongkong) Ltd said Nomura portfolio managers will cease to manage the Epic Fund, a Hongkong-based hedge fund founded in September 1996. Fifteen employees were told
        Bloomberg  -  371 words
      • Article
        Lock icon J P Morgan unit may sell stake in ICICI firm
        220 21 Bloomberg [NEW DELHI] Morgan Guaranty International Finance Corp, a company owned by J P Morgan Co, will sell its 39.64 per cent stake in ICICI Securities and Finance Company Ltd to ICICI, the Business Standard said, citing unnamed officials of
        Bloomberg  -  220 words
      • Article, Illustration
        Lock icon Ex-chief of Credit Lyonnais faces charges
        221 21 AFP [TOULOUSE, France] JeanYves Haberer, former head of the financially troubled stateowned Credit Lyonnais bank and its Altus Finance subsidiary, was charged with fraud on late Wednesday, a reliable source said. Mr Haberer was accused of "complicity in fraudulent bankruptcy by ruinous means" in
        AFP  -  221 words
      • Article
        Lock icon Xerox sells insurance unit Crum & Forster for US$680m
        297 21 Xerox sells insurance unit Crum Forster for US$680m Reuters [NEW YORK] Xerox Corp said on Wednesday it has agreed to sell its Crum Forster insurance business to Torontobased Fairfax Financial Holdings Ltd for US$6BO million (Ssl.l billion), including debt. With the deal, Xerox completes the sale of its Talegen Holdings
        Reuters  -  297 words
      • Article
        Lock icon Societe Generale surprises with 33% jump in profit
        304 21 Bloomberg {PARIS] Societe Generale SA said second-half profit rose a greater-than-expected 33 per cent as gains in equity trading and commissions more than offset provisions for Asian loans. France's largest bank by market capitalisation earned 2.4 billion francs (Ss63B million) in the
        Bloomberg  -  304 words
      • Article, Illustration
        Lock icon Guinness Peat profit down 32% in second half
        402 22 Exchange rate movements and writedown of Tooth stake hurt results Bloomberg [LONDON] Guinness Peat Group pic, Ron Brierley's investment vehicle, indicated second-half profit fell 32.2 per cent, reflecting adverse exchange rate movements and a of the value of its 21 per cent
        Bloomberg  -  402 words
      • Article
        Lock icon Warburg losses drag down SBC results
        327 22 SBC net trading profit drops 39% in second half of IW7 FT [ZURICH] Warburg Dillon Read, the investment banking arm of Swiss Bank Corporation, incurred heavy losses on its holdings of emerging market bonds after last year's crisis in South-east Asia and did little
        FT  -  327 words
      • Article
        Lock icon Fidelity to use simpler profiles from June
        248 22 Bloomberg [WASHINGTON] Fidelity Investments, the nation's largest mutual fund company, plans to move quickly to send its customers simple "profile" prospectuses outlining the costs and performance of most of its mutual fUnds. The abbreviated three to six-page documents could pare millions of dollars
        Bloomberg  -  248 words
      • Article
        Lock icon Petronas adjusts crude oil pricing system
        328 22 Bridge News [SINGAPORE] Malaysia's national oil firm Petronas has changed its crude pricing mechanism, to take effect from April 1, a company source said yesterday. Under the scheme, the new monthly crude prices (OSP) will use 100 per cent base component of APPI (Asia
        Bridge News  -  328 words
      • Article
        Lock icon Euroyen, JGBs shed gains
        219 22 SUMELReport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures softened yesterday as traders took profit on recent gains in a largely featureless session. "It's just a bit of profit-tak-ing. There's not much size going through," a trader at a US futures house said. But
        Reuters  -  219 words
      • Article
        Futures continue upward trend
        159 22  -  HSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer Refco Singapore Pte Ltd THE Simex MSCI Taiwan Stock Index futures contract continued its upward momentum, gaining one point at its close. The March *98 contract was traded at a premium to cash throughout the session for
        159 words
      • Article
        Lock icon Oil prices hit nine-year lows
        235 22 ENERGY REPORT Reuters [LONDON] Oil prices sank to new nine-year lows yesterday with no sign of producers making serious efforts to curb a severe worldwide glut. Benchmark North Sea Brent blend was trading 14 cents weaker at U5512.82 a barrel after dropping briefly to USS
        Reuters  -  235 words
      • Article
        Lock icon CURRENCY REPORT
        274 22 Bloomberg, Reuters London THE dollar rose against the deutsche mark and the yen, extending gains made this week as political turmoil in Japan and slow economic growth in Germany undermined demand for those currencies. The US currency rose to 129.67 yen from 129.18 late Wednesday in London, the
        Bloomberg,; Reuters  -  274 words
      • Article, Illustration
        Untitled
        1216 22 DTTERBAVK CROSS KATES M ari2 AS C$ twfc ECU ffr Da m Yon Urn M HgNHs hw 5$ 8owd Sfr MT$ W Nwd W$ 4 Australia 0.940 1178 0.617 4.098 1223 5.174 ********** 0.862 10.353 1*03 1151 29.485 26.667 L092 US 0.994 *****28.789 0.405 0.668 Canada 1.063 5.900 0.656 4.359
        1,216 words
    • Article
      COMMODITY PRICES
      1770 23 8IC0M FUTUMBS Mar 12 RUBBER (futures closing ts it 5.30pm) RSS1 CONTRACTU ctntsAg) CiOM Votamo Opm Month H*|tj Low Sott (ton—s) tntorost Apr 98 117.00 117.00 116.50 100 97S M«y 98 119.00 119.00 119.50 600 2500 Jun 98 122.00 122.00 121.50 50 3475 Jui/S«p 98 127.50 4095 Oct/Doc
      1,770 words
    • Article
      Lock icon TOKYO
      1649 23 Bloomberg Nikkei 225 -18M8 JAPANESE stocks fell for a second day as investors expect a bribery scandal at the Bank of Japan will further erode trust in the nation's ailing financial industry. Banks such as Industrial Bank of Japan Ltd led the decline. "The scandal rocks confidence in the
      Bloomberg  -  1,649 words
    • Article
      WORLD STOCK MARKETS
      2289 23 LONDON Industrial* Mar 12 Nik« *h 31 Group 590 1.600 AB Ports 365 5 ADb«y Nation*! 1156 -19 Allied Oomecq 569 -12 Amtc 158 *1 Asda Group 190.200 -4.200 BAT Ind 627.400 -4.600 BGPIC 302.200 -.800 BICC 152 *4 BOC Group 951 -23.400 BR Petroleum 830.400 -4.600
      2,289 words
    • Article, Illustration
      Lock icon HONGKONG
      1435 24 Reuters Q Hug Seng -Mt3B STOCKS fell back to a lower close yesterday as cautious investors cashed in profits when the market failed to break through key resistance levels. The Hang Seng Index lost 216.38 points, or 1.96 per cent, to 10,902.47 after hitting a dayhigh of 11,229.84, but
      Reuters  -  1,435 words
    • Article, Illustration
      Lock icon CHINA
      552 24 Reuters Q Stashes B Index -0136 CHINA'S hard currency B shares ended down yesterday, on a mixture of profit-taking and pessimism about forthcoming results, traders said. In Shanghai, the B Share Index fell in a flurry of selling of stocks expected to post weak 1997 results, the traders said.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  552 words
    • Article
      Lock icon TAIPEI
      349 24 AFP OwPMn +guß TAIWAN stocks rose 0.3 per cent yesterday as investors switched their sights from the high-tech sector to construction and non-technology issues, brokers said. "Investors moved their focus from technology to other sectors which make products for domestic needs such as construction, cement, and steel," said Terry
      AFP  -  349 words
    • Article
      Lock icon WELLINGTON
      234 24 AFP FlWeOiaftnii ****** STOCKS rose 0.9 per cent yesterday, led by Telecom Corp amid strong demand internationally for phone shares. The NZSE-40 was up 19.73 to 2,268.75 points. Turnover hit NZ$77.l million. Telecom rose 20 cents to NZ$B.3O. Brierley Investments was up cent to NZSI.IO.—AFP Mrs m am ANZMdnt
      AFP  -  234 words
    • Article, Illustration
      Lock icon BANGKOK
      784 24 Reuters Qsctmbi -ua THAI stocks closed down yesterday as investors sold on lingering dilution concerns surrounding possible corporate share issues, brokers said. The composite SET Index lost 4.12 points, or 0.82 per cent, to 498.67 on 2.95 billion baht turnover at the close. "Earlier announcements on raising capital by
      Reuters  -  784 words
    • Article
      Lock icon SEOUL
      362 24 AFP FlOipoßtaliig +4.71 SHARE prices closed slightly higher on the Korea Stock Exchange yesterday, with local investors heartened by President Kim Dae Jung's reconfirmation that hostile foreign takeovers would be allowed, dealers said. But they said the gains were capped by futureslinked selling. Dealers said shares were weakened by
      AFP  -  362 words
    • Article
      Lock icon SYDNEY
      548 24 AFP QUMtani__)U SHARE prices edged 0.2 per cent higher yesterday in quiet futures-led trading, brokers said. The All Ordinaries Index, gained 4.7 points to close at 2.719.5. The All Industrials Index rose 17.5 points to 4,675.2, while the All Resources Index closed 6.8 points down at 1.157.6. Turnover totalled
      AFP  -  548 words
    • Article, Illustration
      Lock icon JAKARTA
      617 24 AFP P Composite Intel +432 SHARES rose 1.3 per cent yesterday amid speculative buying interest in stocks particularly sensitive to developments on the political front ahead of President Suharto's announcement of the next cabinet, dealers said. "I would say other stocks leading the upsurge were highly leveraged companies," a
      AFP  -  617 words
    • Article
      Lock icon MANILA
      272 24 Reuters Dllniih -ILK SHARES closed lower yesterday as investors took profits after the previous session's rebound while remaining concerned over developments in Indonesia, brokers said. The Composite Index closed 11.92 points lower, or 0.54 per cent, at 2,176.50 points. Most of the market sub-in-dices closed lower. Turnover was a
      Reuters  -  272 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Financial stocks lead fall in thin trade
        548 25 AFP d Composite Index -IL6B MALAYSIA'S key stock index closed 1.6 per cent lower yesterday in thin trade amid a lack of fresh leads and in tandem with other major regional bourses. "The fall was led by finance counters and was more pronounced
        AFP  -  548 words
      • Article
        Untitled
        9044 25 MDOSTWIALS Cmwmt prefects 199* Last V«4 Day Nat Cap L— Ciw»wy >ata •QOO Wgli Law P/C $mM 310 180 Ajinomoto 280 20 2 280 260 15.5 113.5 148 73 Angkasa 109 -3 17 112 108 2.5 160 7 290 123 Apollo Food Hlg 201 unch 12 201 190 5.8 80
        9,044 words
    • WARRANTS & OPTIONS
      • Article
        IGB wrt: good but expiry a concern
        243 26  -  WARRANT WATCH Ven Sreenivasan THE warrant of Clob-traded IGB Corp was relatively active yesterday as it edged half a cent higher to 10.5 cents on a volume of 1.4 million units. In Kuala Lumpur, the instrument gained one sen to 25 sen on
        243 words
      • Article
        Untitled
        3446 26 1997/98 Last V«l Day LaatOuata Avg H«|li Lm I»m Campany Sat* trJWOI Htfh La* Bwyar W« 6a 9 m 3000 m AMDS c53******6 17 19.5 SI 8 3160 -Acar ******1 USS US 13 unch 13 13 13 13.5 131 8.5 3164 Acma ******4 22 -03 25 23 22 21-5 23
        3,446 words
    • Article
      CLOB INTERNATIONAL
      2216 26 Transaction Date :Mar 12 Cc Qr 1997/96 Last VaJ Day Last Quota D* Mv YM Hat M Cap L— Stnc Company Sata COOP) High Law Buyar Sa6ar CVr P/C 478 28 msSOOO AISB50C 93 -03 452 96 93 92.5 915 5.0 3J U 38.9 95.4 137 12.5 ms
      2,216 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1808 27 TURNOVER C.OOO) VAIUC COOO) H«4n C>o6 Ttl mm Ctofc Ttrt loduitri# 65.333 51.765 117,098 '59.652 32.50® 192,160 frntnc* 9,780 19.517 29,297 64.923 14,736 83.659 Hotels 2.083 1.100 3,183 4.579 48# 5.067 Pr0P«ftiM 14,940 14,555 29,495 46,464 6.042 52.505 P1*nt«t<on 3,259 3,259 4178 4178 Miruno 579 579 434 434 BLW 3.513
        1,808 words
      • Article
        MAIN BOARD
        5207 27 Transaction Date Mar 12 Gr Gr M Wt 1947/98 Last Vol Day Last Quota CMv Mv Mat Cap Avg High LOW StNo Company Ml rOOB> H» L— fcw «a«ar Ctr W W"** INDUSTRIALS 1ST 18.5 1020 ACE Dynamics60c 37 *15 95 37.5 34 34.5 36.5 30.3 36 5146
        5,207 words
      • Article
        SESDAQ
        1089 27 Or Cr M Wt •997/98 Last Val Day Last Ooott Otv Dh VH M Cap A** W9» L— twit Cii>i«y «an COOP) H» U» Owyr «—m Cw Wl Wa SCSOAO 186 76 t 2000 ABRHMqtSc 96 -I 18 97 96 97 KM 34 8.0 02 137.1 42.7 97 448
        1,089 words
      • Article
        Untitled
        186 28 ftecfcs Votaae "Hwong Bttd 50c 13,716,000 fUBf Caoital 8,452,000 "Sillliiiifii nil 8,202,000 Resources 7,833,000 EnggKk 5,323,000 JMytnit HKIOc 5,128,000 OrtMutee 5c 4,904,000 R15C 4,744,000 id 4,510,000 y Con* 5c 4,084,000 KBCForetgn 30,479,897 SW' 27,403,042 &Fore*i 27,271,059 SjpfWISc 15,344,151 PrDev50c 14,405,264 DCS Foreign 14,236,773 S„ 10,879,550 Sand, 10,240,625 foreign 9,396,454 *>W|engBhd50c
        186 words
      • Article, Illustration
        HOT STOCK
        57 28  -  -by Shiv Taneja DBS Land closed two cents lower yesterday at $236 on volume of 4.51 million shares, compared with its lOday traded average of 4.25 million units. In the near term, there is downward pressure. Investors should buy on weakness, as the medium-term outook is positive, according
        57 words
      • Article, Illustration
        Market wary as Indon-IMF stand-off continues
        667 28  -  STOCK MARKET COMMENTARY Despite this, shares stage modest gains, with noticeable interest in bine chips, bellwether stocks By Ven Sreenivasan [SINGAPORE] Local stocks posted modest gains although activity was light as investors turned cautious amid the continuing stand-off between Indonesia and the International Monetary
        667 words
      • ON THE GRAPEVINE
        • Article
          Hot money
          77 28 THE good news, for Gelderse Papiergroep at least, is that the Asian currency crisis has made the printing of banknotes a really brisk business. Demand is so strong that this Dutch firm—which sells the paper used to print currency notes—can barely handle new orders this year, reported a
          77 words
        • Article
          Blind spot
          121 28 THOSE in the driver's seat of Singapore companies, who are trying to cut back on expenses of all kinds during difficult times, may want to think about leaving their "headlights" on. Especially if they think of research and development as a car's headlights, says National Science and Technology
          121 words
        • Article
          It's nott the pay
          166 28 EVER heard of SITA? It's the Paris-based Societe Internationale De Telecommunications Aeronautiques, which is the world's largest telecom services provider to the aviation industry? Nan? Well, few of us here have either, but thoae of you on the prowl for new employment may like to know
          166 words
        • Article
          Stickler for rules
          199 28 A DBS bank client closed a second account she had with the bank in August last year. Since then she has been queried several times over a standing order to transfer money from her main account to this second account "What should the bank do about the
          199 words
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      686 18 JAYA HOLDINGS LTD HALF-YEAR UNAUDITED RESULTS ANNOUNCEMENT The Directors are pleased to announce the unaudited consolidated results of the Company and the Group for the half-year ended 31 December 1997. 1997 1996 FAV/(UNFAV) $000 $'000 000 Change Turnover 37,381 43,872 (6,491) (14.8) Operating profit 19,462 17,048 2,414 14.2 Interest income
      686 words
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      Page 18 Advertisements Column 2
      47 18 BEE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. CATA Another Classified Service Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. CATS. Another Classified Service
      47 words
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      Page 19 Advertisements Column 1
      112 19 —>—11 Mi JKM Mi The leading Chinese newspaper in Singapore, Lianhe Zaobao offers a wide coverage of the business world coupled with an equally good spread of news on culture and arts. On a lighter vein, Lianhe Zaobao covers a wide extent of editorial topics including modern lifestyle, health, culinary
      112 words
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      Page 19 Advertisements Column 2
      126 19 j HB A I 4 WfWWVV St. Patricks Day Celebrations 1998 i Appearing "Live" "Celtic Fusion" fg (Irish vocals, fiddle, guitar, washboard spoons) 3 i gj 12th 22nd March Sunday 15th March 1998 Guinness Singapore Oyster Opening Championships 11.30 am 2.30pm St. Patrick's Traditional Roast Lunch $25 per head (nett)
      126 words
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      459 20 BUSINESS Notices IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND QUAD ENGINEERING PTE LTD (In Members' Voluntary l iquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that the Final Meeting of the Members of the abovenamed Company will be held at
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      Page 20 Advertisements Column 2
      395 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GM TAI DISTRIBUTION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 19 Norris Road Singapore *****1 on the
      395 words
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      Page 20 Advertisements Column 3
      324 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLORY INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company wiQ be held
      324 words
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      Page 20 Advertisements Column 4
      163 20 Please refer to Page 28 for more Notices Ads ffiifiPMa) Unique Franchise Business Opportunity Zc co m a Profitable and Growing Industry We are an established manufacturing and services company in the washroom hygiene industry, with a presence in 20 countries. Our market leadership derives from a world class product
      163 words
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      Page 20 Advertisements Column 5
      435 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER M AND IN THE MATTER Of HOLOGRAPHIC VISIONS INTERNATIONAL PTE LTD (Members' Voluntary Liquidation) Al an Extraordinary General Meeting of the Members of HOLOGRAPHIC VISIONS INTERNATIONAL PTE LTD. duly convened and held on 19 February 1998 the folio wing were duly passed:I.
      435 words
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      Page 20 Advertisements Column 6
      419 20 To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPAMES ACT, CHAPTER 5* AND IN THE MATTER OF WILSON AW RENOVATION CONTRACTOR PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of WILSON AW RENOVATION CONTRACTOR PTE LTD. duly convened and held on 10 March
      419 words
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      Page 20 Advertisements Column 7
      428 20 M THE MATTER OF THE COMPAMES ACT. CAP. 50 AND M THE MATTER OF YAMAICHi FUTURES PTE. LTD. (In Manors' Voluntary UqukMan) NOTICE OF RESOLUTIONS At an Extraordinary Ganaral Meeting of the member* of the abovenamed Company duty convened and held at 1 Robinson Roed *1 MO. AIA Tower. Singapore
      428 words
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      Page 20 Advertisements Column 8
      355 20 f THE COMPANIES ACT CHAPTER 50 SECTION 290(2Xb) NOTICI OF RRIOLUTION MONSANTO MMI SERVICES PTB LTD (IN MEMBERS VOLUNTARY UOUOATION) At an Extraordinary General Meeting of Monsanto Asia Services Pte Ltd held at 151 Lorong Chuan, #06-07, New Tech. Parte, Singapore *****1 on the 6th day of March 1996. the
      355 words
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      214 21 w Sa| /n- 1 J-- 1 As Asia recovers Morgan Grenfell's Award Winning Team Will Point You in the Right Direction. MORGAN GRENFELL MORGAN GRENFELL ASIA PREMIER TRUST PREMIER SELECT TRUST This is a unit trust which invests in stocks listed on Asian Formerly known as the Morgan Grenfell Singapore
      214 words
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      79 22 GOLD///PFEIL GERMANY JLIL. ■ha. The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt. TrolUy bags: $498 (left) $398 (right)
      79 words
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      Page 22 Advertisements Column 2
      17 22 I'm an electrician. Sfrunfe Times Classified brightens 21 my business. I CATS. Call Today For Results Tomorrow.
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      28 27 He invented She won the J He co-founded the Ethernet Booker Prize. Yahoo! Robert Metcalfe Arundhati Roy Jerry Yang They all talk to The Straits limes Interactive. www.asial.com.sg/straitstimes
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      41 28 r The V-twin engine: A powerful classic since 1909 You've arrived. You're at your prime. It's time to get what's due. JTmoTDQ?! [Mey-oaviosonl -<^Y[tp>SOLE AUTHORISED DEALER: HARLEY-DAVIDSON OF SINGAPORE* 1994) PTE LTD 255 ALEXANDRA ROAD TEL 475 0123 FAX. 472 8900
      41 words
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      Page 28 Advertisements Column 2
      796 28 BUSINESS NotiCeS To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF SWEE SIONG PTE LMTED (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and hetd at
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      Page 28 Advertisements Column 3
      477 28 THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES IN THE MATTER OF THE COMPANIES ACT, CAP. AND IN THE MATTER OF EM PRO RECRUITMENT PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBER'S VOLUNTARY WINDING-UP (PURSUANT TO SECTION 2*) At an Extraordinary General Meeting of the members of
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      Page 28 Advertisements Column 4
      209 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YOKO SANGYO (SINGAPORE) PTE LTD (IN MEMBERSVOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the Company wiM
      209 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      300 29 Bridge News, Reuters FIRM rates have been agreed for early Panamaxes In the east, although some brokers suggested that the pressure may be easing and there could be a levelling off in rates. Atlantic rates continued to slide with reports that as low as US$lB.OO without combination ports
      Bridge News,; Reuters  -  300 words
    • Article
      MARITIME STOCKS
      250 29 —a n *h Ht CWT OtotrttuHwiL _0.7 -0.02 25 OmmHn* a 445 a005 42 Coaea iwm»Iw»h> a 79 rrvtaMURto 0-335 -0.01 ITS 6»llllifcH OJOS -0.005 W Hal Sun Hup a55 0.005 174 IWlM 2«l«.l 0.595 a 5 IMCHoMto?! HK5-4 039 0.06 275 Jurona SMpyartf 73 until KM glHllCarp
      250 words
    • Article
      Overside bunker wharfage charges to be removed
      514 29  -  Waiver will result in $17m savings for banker operators, shipping lines By Felix Chan [SINGAPORE] In a move to enhance Singapore's position as a premier bunkering port, the Maritime Authority of Singapore (MPA) and PSA Corp announced yesterday that overside bunker wharfage charges
      514 words
    • Article
      Semco liable for injuries radio operator suffered in missile attack
      727 29  -  ADMIRALTY CASEBOOK By\ Selva Kumar SALVAGE or shipping companies with vessels operating in war zones are well advised to provide proper written guidelines to their tug masters including information on how to avoid missile attacks. This follows a ruling by
      727 words
    • Article
      EU given nod to hold talks with Indian, Chinese shipping firms
      201 29 [SINGAPORE] European Union member countries have, for the first time, mandated the EU to conduct all negotiations on bilateral maritime agreements with Indian and Chinese shipping companies. An EU spokesman said the body had been requested to draw up
      201 words
    • Article, Illustration
      Lock icon NOL retrenching 1,600 staff worldwide in revamp
      430 29  -  Move will result in annual savings of over USsl3om By i George Joseph National carrier Neptune Orient Lines, in a rationalisation move after its landmark buyout of US line APL, is retrenching 1,600 staff worldwide. Moving quickly in a phased retrenchment exercise soon
      FILE PHOTO  -  430 words
    • Article
      China maritime official visits Singapore
      102 29 [SINGAPORE] China's direc-tor-general of Maritime Safety Administration Liu Gongchen ends a three-day visit to Singapore today as guest of the Maritime and Port Authority of Singapore (MPA). Mr Liu was invited under the MPA's Distinguished Visitors Programme and met government officials and members of the
      102 words
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      Lock icon Deserted Port Botany
      69 29 [SYDNEY] Chairman of Patricks stevedoring company, Chris Corrigan, looking out over the deserted container wharf at Port Botany after the waterfront workers called a snap 48-hour strike in an ongoing battle between the stevedoring company and the Maritime Union of Australia (MUA) on Wednesday. The strike comes
      AFP  -  69 words
    • Article
      China's move to press ahead with freight rates index raises concern
      481 29  -  From P T Bangsberg in Manila ALARM bells are ringing again in the maritime industry over what many perceive as China's attempts to regulate freight rates. Executives from some of the world's biggest container lines say the government in
      481 words
    • Article, Illustration
      Lock icon Creating six ships from three
      971 30 SHIPBUILDING INNOVATIONS Sea-Land met a competitive challenge by converting three overlarge ships into six smaller ones to serve its needs ABS IN the maritime industry, it is fairly common to make a ship bigger so that it may better serve a growing market. It is
      ABS  -  971 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      354 30 PAGE Evergreen 6 AMI 3 FarwMe M i Accord 8 FoongSun 8 Ahrenfctel M Fro<1 Appenship 5 WIMte M AslaOCL 15 CL 4 Astro 3 Cemartrwn 8 Austral 9 Genshpg 9 Avant 16 "a* 16 B'twg Mas 8 Goodwill 16 BSA 7 HaiSunHup
      354 words
    • Article
      SHIPPING GUIDE
      18318 38 THEBUSINESSTIMES EXPORT ETA eta Advartlsar Vassal Voyaqa TaMphona ETA ETA Advartlsar Vassal Voyaqa SIN OMt'n Nam. Nam. Numb* N„ SIN D«fn Nam. Nam. N u mt»r Numl»r 14/03 28/03 OOCL NOROWELLE 081 65-*****13 A 16/03 21/03 PIL NOROWELLE Of 65-32M093 16/03 n/04 PIL NOROWELLE 001 65-32*993 To ABIDJAN
      18,318 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        742 45 VMS* Vf Mo Bfth Arrtvd D«pytw« JM|M Vttn u«K «*04 JOT Menfsri* 12.03/800 7TM I V* J" —*M JJ-W30C /Ml S«r«H OS* J02 llli|lHl ®-££S2 low u Hirtt JOI MpUi IHHS2 ItWh 0503* J» UDMI'M ajVOJOC mun o«3* mm INI* 032S* JOt 'Hf* 453/0*00 IIS MaH 0*03* *1
        742 words
      • Article
        CONTAINER SCHEDULES
        1520 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Bolonco Rstls SKIp Voy Mo Etb/Btr Ptflod From To Froffl g X U 12/1700 U/0*5» 13/MCO a 12/1700 13/0*5* 13/0*00 j anno o/ib* ivmoo *7Tjjib, T7* «/MOC K/ISOO U/H9* U/HOC U/BOO tt/BM u/mo 2* 12/1700 0/0*5* 0/0*00 2t (2/noo o/o*m
        1,520 words
      • Article
        GLOBAL HOLIDAY
        207 45 Mar 17 United Kingdom: St Patrick's Day. Mar 20 Japan: Vernal Equinox Day. Mar 21 Mexico: Juarez Day. Mar 28 Greece: Independent Day. Apr* Hong Kong: Chins Ming Festival. Apr 7 Brunei: Hari Ray a Haji. Malaysia: Hari Raya Haji. Apr t Denmark: Maundy Thursday. Mexico: Maundy Thursday.
        207 words
      • Article
        COCKETT BUNKER MARKET REPORT
        841 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indlcat ed The Cockett Bunker Price Index change and the
        841 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        370 45 Cartoa ISO Mix 992.4 18 IM 0.14 72 0.06 u_ DamJtv Natar ffnltai Ask IImM— l>ll»iirt No Mbovt E25 4 1 1 3 0 0 —T- 380 A«« 964.2 OJ OJ 0.06 25 0.02 [£Z 300 Nu 992.3 10 18.7 0.14 48 0.06 »WWM %>uu mt
        370 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Northwest still committed to Asia-Pacific market
        467 46  -  Despite dropping some routes, carrier plans to launch new services in region By Marcus Hand [SINGAPORE] Northwest Airlines remains committed to the Asia-Pacific despite making cuts to its network in the region, a senior executive said recently. j "Certainly I wouldn't begin to suggest
        FILE PHOTO  -  467 words
      • Article
        Lock icon US aviation forecast to grow strongly
        310 46 Commercial carriers' profits, revenues rose last year NYT [WASHINGTON] Commercial aviation grew strongly last year and will do so again this year, the Federal Aviation Administration said on Wednesday. Air travel will grow even across the Pacific Ocean despite the Asian economic crisis, the
        NYT  -  310 words
      • Article
        Lock icon Aussie regional airline in deal with BAe unit
        151 46 Reuters [ADELAIDE] Australian regional airline National Jet Systems said yesterday it had formed an alliance with British Aerospace's Australian subsidiary which would seek coastal surveillance business in the Asia-Pacific region. NJS executive chairman Warren Seymour said that as part of the agreement
        Reuters  -  151 words
      • Article, Illustration
        Lock icon An eyesore?
        62 46 [KUALA LUMPUR] The million-dollar monorail project has come to a near-standstill in Malaysia's bustling capital Kuala Lumpur amid the economic slowdown. Commonwealth Games officials fear it could lead to traffic problems in the city during the event in September due to the stoppage work at certain points and
        AFP  -  62 words
      • Article
        Lock icon ANA denies discussing marketing alliance with SAS
        350 46 Bloomberg [TOKYO] All Nippon Airways Co, Japan's second-largest airline, denied it is discussing a networking tie-up with Scandinavian Airlines System, a member of the six-airline global Star Alliance. The Financial Times reported yesterday, quoting an unnamed SAS press officer, that the Scandinavian carrier
        Bloomberg  -  350 words
      • Article
        Lock icon Cost-cutting Ansett seeks volunteers to leave airline
        172 46 Bloomberg [MELBOURNE] Ansett Holdings Ltd said it is calling for volunteers to leave the Australian airline to speed up its efforts at reform. "We are calling for expressions of interest in voluntary redundancy packages to generate a pool of jobs that might be
        Bloomberg  -  172 words
      • Article, Illustration
        Lock icon Revolutionary jet
        62 46 [SYDNEY] A recent photo shows researchers preparing to launch a new high-tech computer controlled Aerosondejet. The Aerosonde reportedly can remain airborne forfive days, which will help revolutionise atmospheric monitoring, help with rescue operations and military surveillance. The 2.5 kg supercharged fuel-injected jet has a cruising speed of 100
        AFP  -  62 words
      • Article
        Lock icon Britannia Airways wants to expand fleet to 20 aircraft
        257 46 It aims to become one of Germany's biggest holiday airlines Reuters [BERLIN] Britannia Airways said on Wednesday it aims to become one of the largest German holiday airlines, with a fleet of 20 aircraft by 2002. Britannia is part of the
        Reuters  -  257 words
      • LOG Book
        • Article
          Lock icon KLM, JAS link frequent flyer plans
          84 46 AFX-Asia [AMSTELVEEN, Netherlands] KLM Royal Dutch Airlines NV said it and Japan Air Systems have increased cooperation by linking their frequent flyer programmes. Members of the JAS frequent flyer programme will be able to earn and redeem mileage on all KLM flights, as well
          AFX-Asia  -  84 words
        • Article
          Lock icon Philippine car sales plunge 51.9%
          90 46 AFP [MANILA] Philippine passenger car sales by local assemblers plunged 51.9 per cent from a year earlier to 3,659 units in February due to a weak peso and high interest rates. Sales were down 42.5 per cent in the first two*. months of the year,
          AFP  -  90 words
        • Article
          Lock icon EU clears German high-speed train deal
          92 46 Reuters [BRUSSELS] The European Commission said it had cleared an agreement between German firms Siemens AG, Thyssen AG and Adtranz to develop a high-speed magnetic train. Adtranz is a venture between Daimler Benz and ABB of Sweden. The venture, to be controlled equally by
          Reuters  -  92 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1494 46 CITY FUCM ETA RIGHT CTD MMI wgj 2030 WC CZ3090 1030 Adtltldt SO230 1920 Hwsl VW741 1310 VW742 0905 kmattriam S0327 0620 KU44 0125 HI 837 1540 GA994 2030 B40 TG408 *45 KL838 2315 Wlm OW WW HP AuckUnd NZ4286 2045 N***** 2045 W** 6Y09T KO
        1,494 words
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      1176 30 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX -SUPER SHUTTLE EXPMttS-DIRECT TO LA jPtfMCT SERVICE TOWEST COAST SOUTH AMBWCA/ABU AHP6S EXPRESS SEHVlCgfli visa I w fmai moi luo mi mou lok I n moon vroa Iwr I agmggmmmmmmm to Immmm awohoasta j votmAisc an- ==r: 77/5
      1,176 words
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      Page 30 Advertisements Column 2
      641 30 AjKA Lines services represented Mernr*« ni m» (ifISP) M e^o" h '»«eo«tryo» gWi Foyers Accredited Sfvppng Agents G|A£y Association Singapore Shipping Association Place an ad in... Shipping Times Just talk to us... Iris Lim 740-2044 Jarrod Leong 740-2089 f 11 EXPORT 3 x Japan -2 x Hongkong -1 x Manila
      641 words
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      1005 31 TO EUROPE FROM EUROPE jVBSa VOY SIN RTM AM IMM MV SOU FXT Ifil IvtSSQ VOY IT* AM HA* MV SOU FIT SM~ HYFOSUI 3110 17/03 02/04 04/04 07/0401/04 HYMGMCSS 40M 10/02 21/02 23/02 10/02 14 03 THAMCS SIM 10/03 11/04 00/04 00/04 00/04 NUAS 2090 22/0224/0227/02 20/02 17/03 MOSa
      1,005 words
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      Page 31 Advertisements Column 2
      2200 31 0 HANJIN SHIPPING USA CANADA* mva/vor mm sm umnma/vot su~~| m do m oi msr m off mm St m m m m nwnsrowiMK n/w ~is/M~ out m/m m/m os/m os/m m/m m/m 07/ m m/m m/m m/m w/m m/m w/m w/m jtwagawMg 13/03 is/03 comta/ioa m/m w/x io/m ii/m
      2,200 words
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      Page 32 Advertisements Column 1
      1318 32 DSR SENATOR LINES TO UK/CONTINENT TOREDBEA/M*£Ufi«wRANEANCANADA I vagi wt a" um bi tm ham ww hj «wa wt w b m w m «c mi Hi MALTA WWII 11.0 0.0 0.0 *0 U N 0.0 0.0 KJ KHLUMQ WMSI4 U 0 0.0 310 00 0 0 00 12 0 Hi
      1,318 words
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      Page 32 Advertisements Column 2
      1223 32 MY UNE YML Intorrwt W*b Sit* http: //www.yml corn, tw 6-m* AMma oOt>(i72o.y«Td.co«vtw IJIUU/jrMH'l-M BJil'Hl'l j'tWJ'.M'Ulll'l 84 i'Ml'M",..i t.llMli'llMiHj l']!»H twicemkeklyevery Thursday aimoay VESSEL VOY SIN CMB RTM HAM FXT LEH AMR MALACCA BRIDGE ABIOW 13/03 17/03 04AM 02/04 01/04 06AM MING EAST JBIOW 15/03 01/04 03AM 04AM 06AM MING
      1,223 words
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      Page 32 Advertisements Column 3
      488 32 LINE mgr Jt nii s««34s« pax* sssaiis 1 MUARA LABUAN I VtSSfl VOY CTD EU VKSB VOT TO IU SWtl MUAJU SPOK UN lftoswi vo*/w u/03 u/03 inosrai wi/n is/is u/n AfttGUXT VO7l/W 17/01 10/0) "Sflflff Wt/18 17/03 21/03 J-ftOSW VOOI/M S/03 15/03 UMW VOK/W 2J/03 »/03 unaatt vooi/w 27/03
      488 words
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      Page 33 Advertisements Column 1
      1146 33 Ivmn. VQY I BIN BKK I PQU I PKO I Ptw BtW I BUR IBA ~1 IRAN SHOJAAT PJL-1271 18/03 26/03 IRAN TCYFOUM PJL-1273 81/03 30/03 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I E AZERBAIJAN ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN I GEORGIA VIA B. ABBAS,
      1,146 words
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      Page 33 Advertisements Column 2
      1677 33 EVERY MONDAY J DIRECT TO JAMM I NH -7MTS I HMOYA IMTS U r SINGAPORE'S GfHOAL AGBfTS: 6 SHINTO* WAY TIL; 226 1900 FAX: *****00 OUTWARD (»/U JO|sMC^^ COSTAR SHIPPING PTE LTD #i7-o« OISIIDG SAUS/MGS *****41/43 IKWAMDEPT(D/0) *****15 COSTAR AGENCIES (M) SDN BHD «NO: **********00 TOWEt TWO (*****9) CONVENTIONAL *****50/55
      1,677 words
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      Page 33 Advertisements Column 3
      518 33 I t i- EASTERN CAR UMER, LTD.'^'Si'P' 1 1 I Eg (SIMOAPOKE) PTI LTD jg-J 1 SPKUUZI IN RORO t HEAVY LJfT UPTO 12? TOMS ECI (SlßSAfOtt) PTf CTD LOADING fOR YANGON/CHITTAGONG CALCUTTA MV "AMRTA VIT V.3 MV -*YO KIM" V.l ETA SN 1 8/03/98 ETA CTG 28/03/98 EIAYGN23/03/98 ETA
      518 words
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      Page 34 Advertisements Column 1
      1239 34 risn ROM ANW HIG THf ZEE LHV I LHV TNP ROM ANW HIG PICL SGP E. ROYAL RWB3I IM3 KM 04M MM HM I7M MM E. GLOWING REM3 2M2 IM2 21M 22M IMB E REFUTE RW-01J 21M IIM 15M 11M ISM 14M 1M« E. GAINING RE 082 2SM 2V#2 2M2
      1,239 words
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      Page 34 Advertisements Column 2
      1107 34 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFUCA VBM VOT m fU) m <w »/UT jjijgjigl (PIS Wt/03 71/03 01/H3 05/04 07/» MOWDIOCW 00SS 21/B 17*4 11AM IVW MJmPMP WIS >5/04 1104 21/H mwuwius rots w 23/04 27/04 oi/os oyts mmmm m 21/04 04/ is WK maiWKßs wis x/u
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      Page 35 Advertisements Column 1
      531 35 MYANMA MUmA, FIVE STAR UNE (Myaamor National Um) w Loading far Yangon (Rangoon) YBsa VOT sat m rw rw AVA MOW SID PA6AN 2 SAW 11/03 MALAYSIA AGQITS: OOUSTIAD SJAPFMIG AGENCIES Til 01-09-*****00 HO: TH 01-03-37*0101 rot IE 01-04-*****01 WO: TE W-07-*****11/4 BANK LINE (A wvko of An+ow Wo» SMpying)
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      Page 35 Advertisements Column 2
      1116 35 /HYUNDAI MERCHANT MARINE CO. UP, /Um iJu- -™r ZTTZi twM tl /W 11 /M MY HKjMNKS 309f 11/03 25/0? 23 07 21 07 71/07 74/wZ 14/VJ TYW 304W 13/ M 03/04 04/04 »/M JI/03 31/W Jl/W *m HTRMRAL 310W 10/W 01/04 01/04 04/04 04/04 04/04 07/04 JS 23/02 M/ 02
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      Page 35 Advertisements Column 3
      859 35 mmm tmmm am nor*mg/tn tptdetmd <**xarrwi (^2)^(°](§ TO NORTH AND UTIN AMERICA Ivksb vot I urn hmhi I !N luu ati mi s*» |ui 1 o»i mc «w «o» TOURGOMG HM~"4oota tST" W "TT7oT WftT" w W54~ WoT27/04 21/04 03/05 04/05 TAPKXA FM7 400 tan 6-3 M JI/03 21/04 01/05
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      Page 36 Advertisements Column 1
      912 36 IAMOKOK/IAIII CMABAHO JAKAIITA/PANJAMO VEBSEL VOV SIN BKK LCH VESSEL VOY SIN JKT PJN YANTRA BHUM 231N 14/03 18/03 GURU BHUM* 693 14/03 17/03 KITI BHUM 46N 18/03 18/03 lfl/03 ACX JADE* 168 16/03 19/03 ANAN BHUM* 96N 15/03 18/03 19/03 DEJA BHUM 739S 17/03 20/03 19/03 ACX RUBY 17N 15/03
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      Page 36 Advertisements Column 2
      969 36 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAO. SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W R«c«iving Cargo at PTI Blntulu 1 Muwi VtSSEI VQY SW m m SIN *UA I Sana MMI 14-17/03 21/03 MM »Wosf 14-15/03 20/03 I 5« V9004E »n/04 03/04 MJ«* V9004E
      969 words
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      Page 37 Advertisements Column 1
      389 37 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SERB-CONTAffggtfSED SERVICE ~vst rUKI'DM H'IUM MEKEN ANTWERP A VEMEL 43W1 I 27/4 1/5 OMIT 5/5 TO AUSTRALIA FULL CONTAINER SERVICE WL wr W W 8W IB H» Ml W wuiocuMW v.Nts|izn hwj ma -n« aa® e« ***** vps |imj run IvS nS PM
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      Page 37 Advertisements Column 2
      860 37 f PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO: **********06 ?TP MB AM W *1 iff I I rmooi u/i u/3 2*/3 w/» »ys ij/4 it/* I I BgHHi oaaom aa I </« w« w« 331 I I KOTAPCTWU PWtOOI
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      Page 37 Advertisements Column 3
      935 37 ll^lggggggl^B VESSELS VOY rgH JED MLA LEH HAM THP RTM ZEE I VILE DE NORMA N24W 13)09 22/03 27/03 OBAM 06AM 02/04 04/04 03AM I VAUEDEGOWNA H24W 18*03 27/03 01/04 06/04 06AM 1004 KM* 11/04 I VHEDOWOW Y24W 24/03 01 AX Q6AM 12<04 13/04 16AM 16)04 ""woT" I \ALLE DE
      935 words
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      Page 39 Advertisements Column 1
      43 39 To retrieve more schedules, just follow these simple steps... document Mlial 740-6000 ttp ill be the port your Step nd key in the four number Co(^e Key in your Example: > fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      43 words
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      Page 42 Advertisements Column 1
      1044 42 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 mmmam tel *****81-3 fax: *****08 (outward) *****69 (inward) tlx: R*****0 CR HO. IM7MMMM IOOKHI9S CAL LDIREC T LI WE: *****41 JESSICA/CELIA/ME^HAH fS3SSI^SBBSBM 7SLGS/>NEEK *****5Z01 2SLG/WEEK W— [~VSY Tsn fJAK [VESSEL VOY «N Pi* LALAZAR 1005 14/03 (SAT) 17/03
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      Page 42 Advertisements Column 2
      508 42 ||M ENG HE SHIPPING CO PTE UDI I MaCl M S33M7S Um4) tan SUNM/JIMtM I j ttfciHHMMMH VISSB VOY SINEUSMETD KSTWUDON Morto Polo 42 9706 09/03 11/03 Suabo*) Own Slot 8 05/98 10/03 11/03 Pwwwnfc/Buoion Sinar Central 04/98 10/03 11/03 Ponrnvwluoton/PBoni Uraon Star 18 03/98 10/03 12/03 JakartO/^tMbaya Morco Polo
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      Page 42 Advertisements Column 3
      389 42 PBB3 SIM FAR EAST 15/03 KEELUNG/KAOHSIUNG 15/03 BANGKOK 16/03 MANILA/CEBU 15/03 JAKARTA/BELAWAN/SURABAYA 15/03 PORT KELANG/PENANG/E. MALAYSIA 17/03 BUSAN 15/03 TOKYO/YOKO/KOBE/NGO/OSA 15/03 HONGKONG SIM CHINA 15/03 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/OINGDAO/HAIKOU SIM EUROPE/UK 15/03 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 17/03 LOS ANGELES/NEW YORK all IPI points
      389 words
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      Page 42 Advertisements Column 4
      472 42 9. Singapore Soviet Shipping Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNQ PKL FAJRY EAGLE 11 ON 14/03 21/03 02AM 03AM TRADE FAST TFS2I6 22/03 28/03 OOAM 10AM KOTARATU RTUOOS 27/03 03AM ISAM 17AM FAIRY EAOLE 111N 04AM 12AM 23AM MAM REGULAR MONTHLY RO-RO BREAKBULK SERVICE
      472 words
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      Page 43 Advertisements Column 1
      1072 43 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i I VESSEL 1 VOY j SW I CWt 1 PK 1 GOA I VIC IB< I ANR FXT 1 mscaiexa 9809-3— 14MAK _LS_NjAB- 29Wtt QMfT -JMI MSC HOUSTON 9810-3 23 MAR 05 APR 07 APR 09 APR OMIT 13APR UAPR I N.
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      Page 43 Advertisements Column 2
      1768 43 m-w, £?f SFm I W I W I HP I Wi rn>n Mffi |w«TO 2*2 22 22 *12 ?J2 wntam, i«M7 IU2 lIM \7ju ji.ol mm iom UM mm lIM mMnoMM m um mm oom otm mm mmk ikmi sun mm mm mm i/jj ma mm tsm um mtam »wm
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      Page 44 Advertisements Column 1
      439 44 II VESSEL SIN I TIGER BAY 61 IN 13-15/03 19-22/03 27-29/03 I TIGER WAVE 612N 17-18/03 23-26/03 31-01/04 TIGER ISLAND 613N 20-22/03 26-29/03 03-05/04 I TIGER BRIIDGE 614N 24-25.03 30-02/04 07-08,04 I TWjER BAY 615N 27 29/03 02-06/04 10-12/04 I TIGER WAVE 616N 31-01/04 O&Q9/04 14-15/04 IBVESSE^^^^VO^^SI^^CA^^SI^I XPRESS SPORE 266
      439 words
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      Page 44 Advertisements Column 2
      875 44 I FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 19/03 CAPETOWN 18/03 CHILE ETD SIN DURBAN 18/03 VALPARAISO 23/03 JOHANNESBURG 18/03 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 22/03 BARCELONA
      875 words
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      Page 44 Advertisements Column 3
      1125 44 n fSinogpore) Pte Ltd CFS K*nn»l 79 Anton Road #21-04 (S) *****6 Mk 513 #01-128 I-miry fß\ V aNO **********0H 1* 272 7827 «i 1269 AC A WWW te *****13 Fix 221 3942 Fm: 272 7125 ho*th amibka usa/ canada AontAUA TO USA IGI -CHI -MEM *NYC "HOO OUTBOUND SGP
      1,125 words
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      127 45 LEGEND. R Thunderstorm Temperature c A, Shower Wtolhtf —Y Wind direction with speed in knots ee Rom Cloudy Sky Wov# Stirface winds ore indicated by arrows which fly with the wind 0 OrW ful circle represents calm or light ond vohable winds i__ One half Heche represents 5 knots U»
      127 words
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