The Business Times, 25 March 1998

Total Pages: 50
1 50 The Business Times
  • 11 1 THE BrsiNKssTiMhS MITA(P) 110/12/97 SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, MARCH 25, 1998
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  • 66 1 sin IMA54 (-19.90) BT-SB2 mJSi (-1.68) riBTOOHP iil,44Lfl(-17.55) PIBTMGA LJ ***** (+2.36) niAIKETlND: U Mixed STOCK MAMET INDICES Tuesday Change KLSE COUP 73L8# -8 J NIKKEI 18,606.3#—2W.44 HANO SENO 11JM6.43 +61.1# SET INDEX 4*27 114# JAKARTA COUP —601.66 -14.66 MANILA COUP —1306.96 TAIPEI WPt *****6 +491# SEOUL OOMP
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  • 73 1 mil ■mm us* s$ USS 1.608 £(USS/S$per£) 1676 1694 DM JJS7 0.880 YEN 130.0 1237* MS 1624 1.444 HKS 7.749 IM6 BAHT KM 0.941 KUPfAH 8,760 M18* 'St to ICO units PRIME BATES SINGAPORE* 7.81 KUALA LUMPUR 111# JAKARTA 28.00 BANGKOK 14.75 MANILA .22.91 HONGKONG 10.25 TAIPEI 8.80 SYDNEY
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  • 985 1  -  Bnt analysts and economists generally pleased with revised economic figures From Ruth Wong in Kuala Lumpur MALAYSIAN Finance Minister Anwar Ibrahim yesterday did not deliver any measures to address the country's economic problems, to the disappointment of the stockmarket which had thought he
    Source: Bloomberg  -  985 words
  • 105 1 [SINGAPORE] PSA Corporation handled its 100 millionth container yesterday, making it the first container terminal operator in the world to achieve this record. Amid fanfare and confetti, some I,oooguests and delegates to the Singaport '98 and Sibcon exhibition and conference witnessed the unloading "live"from the Expo
    AFP  -  105 words
  • 270 1  -  Borneo Motors may be starting a trend with its incentive By Christopher Tan [SINGAPORE] Buy a home and win a car is passe. Now you can buy a car and get a shot at owning a condo. In what may be the
    270 words
  • 763 1  -  But prospects look better for direct investment and stockmarket funds Prorn. Anthony Rowley in Tokyo EAST Asia is suffering from a severe drought of foreign capital as a result of the regional currency crisis and the outlook is
    Source: Bloomberg & The World Bank  -  763 words
  • Page 1 Advertisements
    • 106 1 IMHIIMB COEi back op *£ue April COEs for cars rose by as much as 35%. The surprise surge in demand will dent motor firms' margins, Pg 2 50,000jt0 axed The People's Bank of China is to axe 50,000 jobs as part of its streamlining and restructuring efforts, PgB drains cmms
      106 words
    • 54 1 Silk twill scarf, pleated scarf, tie. beach towel. pareo. cashmere shawl, ashtray. "Clic Clac" enamel bracelet, gloves, embroidered ballerina shoe, "Kelly" watch. "24. Faubourg jewel purse spray. 9 KflLu v jk M jf j' jjr «f of .<? > Pair your name with Herm£s' FOR CORPORATE GIFTS. ev*4i HERMES PARIS
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    • 17 1 Lessona from Asia's blowout, Pg 6 The howi and whys of the region 's crisis, Pg 6
      17 words

  • SINGAPORE AT HOME & ABROAD
    • 598 2  -  Strong demand snrge surprises many; Hay premiums unlikely to soften much: traders Byi Christopher Tan APRIL COEs for cars, which rose by as much as 35 per cent, have compromised the margins of several motor companies which were successful in securing
      598 words
    • 441 2  -  PM GOB'S VISIT TO MYANMAR MOU on visa exemption for diplomats and officials signed From Ronnie Lim in Yangon SINGAPORE and Myanmar pushed towards closer economic cooperation yesterday in the face of the regional crisis, as the countries' government and business leaders met
      GEORGE GASCON/ST  -  441 words
    • 232 2 SATELLITE data has confirmed reports of haze in the coastal areas around Brunei, Sabah and Sarawak. "Lately there have been fires along the coast of Sabah, Sarawak and Brunei," said Professor Lim Hock, director of the Centre for Remote
      232 words
    • 230 2 THE successful launch yesterday of the new Spot 4 observation satellite will mean better monitoring of the haze in South-east Asia, the French Ambassador to Singapore, Francois Barry Delongchamps, said at the live transmission of the launch in the French Business Centre. Spot 4
      230 words
    • 73 2 OUR report on March 17, headlined "26 per cent fall in applications to use CPF funds for private homes", said that the number of applications to use Central Provident Fund savings to buy private housing under the Residential Properties Scheme fell by a quarter or 26 per
      73 words
    • 289 2  -  EYE ON THE ECONOMY Finance By Clarissa Tan Ml, the most liquid measure of money supply, fell sharply in January as funds continued flowing into inter-est-bearing deposits. According to latest figures from the Monetary Authority of Singapore (MAS), Ml made up of currency
      Source: MAS  -  289 words
    • 415 2  -  By. Lu Ning SINGAPORE pig farmer-turned-supermarket chain operator. Prime Group, has gone upscale in China. On Sunday, it signed contracts for a total investment of US$6O million (5596.4 million) to develop a high-tech farm and a golf club resort in the tropical
      415 words
    • 433 2  -  Tay family to redevelop Chinatown store, open new ones By, Jenny Lam DESPITE the gloom in the retail industry, the OG department store group appears to be doing well as its owners plan for further expansion. The Tay family who built and
      ARTHUR LEE  -  433 words
    • 138 2 THE Construction Industry Development Board (CIDB) has appointed Chua Koon Hoe, director-general of the Public Works Department, to replace the late Tan Swan Beng as chairman with immediate effect. Mr Chua is also president of the Professional Engineers Board and a director of Sembawang Engineering Investment
      138 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 198 3 Sreater Service, ancf SJnnooation Open its 0 oors Uoaay 7Q)\\tn a company attains the best in terms of product, experience, skills and personnel, it will in turn bear the fruit of success. In order to continue its pursuit of excellence, it must enhance the Quality of its products and services
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  • MARKETS IN TURMOIL
    • 235 4 Credit downgrades for Yasuda Trust and Mitsui Trust Reuters [TOKYO) A lead ing US credit rating agency sent shivers through the Japanese banking sector yesterday by announcing lower ratings for two major banks;. Moody's Investors Service said in its latent announcement it had
      Reuters  -  235 words
    • 438 4  -  Govt-appointed panel to probe central bank a ctions From Harish Mehita i n Bangkok THE Bank of Thailand, rocked by charges of squandering the country's foreign reserves, is planning: to scrap annual bonuses for i ts senior executives, ahead of the April
      438 words
    • 636 4  -  Govt to seek grace period for roll-over of USs74b foreign debts by Indon firms From S N Vasuki in Jakarta THE Indonesian government yesterday announced that it was "moving closer" towards a "Mexico-style" plan in resolving the thorny issue of offshore private
      Source: Bloomberg  -  636 words
    • 558 4  -  Funds moving back into Indonesia as confidence returns By\ Shoeb Kagda [SINGAPORE] As the Indonesian government begins the long and hard road to implementing much-needed reforms for the battered economy, fund managers in the region are beginning to re-en-ter the market on a selective basis.
      558 words
    • 58 4 [JAKARTA] Indonesian Ministerfor Social Affairs Siti "Tutut" Hardiyanti Rukmana yesterday tasting one of the food packages bought with money given by government ministers and businessmen during a food distribution at the Tanjung Priok harbour in Jakarta. Ministers and businessmen have started giving part of their salaries to
      AFP  -  58 words
    • 378 4 AFP [GENEVA] Fears that limping Asian economies will export their way back to health, harming business in developed economies, are unjustified, the World Trade Organisation (WTO) said in a report issued yesterday. But a slowdown in Asian and US economic
      AFP  -  378 words
    • 582 4  -  Tier 1 banks must be able to afford it; 15% industry limit stays By Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S leading banks are no longer restricted to a 15 per cent loan growth in 1998, but bankers do not see a scramble
      582 words
    • 245 4 Bernama [KUALA LUMPUR] Prime Minister Mahathir Mohamad yesterday categorically denied in parliament that he was involved in negotiations for the sale of Konsortium Perkapalan Bhd (KPB), headed by his son, to Malaysia International Shipping Corporation (MISC). "Everyone is talking about my
      Bernama  -  245 words
  • Page 4 Advertisements

  • FOCUS: MONEY MATTERS
    • 1042 5  -  But a relapse is possible for those in poor health, such as Indonesian rupiah Larry Wee [SINGAPORE) IT HAS been an impressive week of recovery for regional currencies, led by the Korean won and Indonesian rupiah. And, as our yield curves show, the let-up in
      Compiled by BT; Source: Deutsche Morgan Grentell  -  1,042 words
    • 528 5 THE game between the International Monetary Fund and Indonesian authorities appears to be ending in a compromise solution, with the IMF willing to give one last chance for vital reforms to be implemented. But time is running out. Behind the massive drop in investment and
      528 words
    • 360 5 ASIAN currencies last week traded mainly within expected ranges as progress in Indonesian talks with the IMF was anticipated to impact other regional markets. There was a significant easing in IMF-Indonesia tension, with moves to establish committees to address key concerns. But banking reforms have yet to be
      360 words
    • 339 5  -  Compiled by Larry Wee Sources: ANZ Bank (ANZ) ABN Amro (ABN). Independent Economic Analysis Holdings (IDEA), JP Morgan (JPM), MMS International (MMS) United States Today: Drop in February durable goods orders widely expected, though aircraft orders continue to be volatile (JPM). After January's 1.6 per cent rise,
      Sources: ANZ Bank (ANZ); ABN Amro (ABN).; Independent Economic Analysis Holdings (IDEA),; JP Morgan (JPM),; MMS International (MMS)  -  339 words
  • Page 5 Advertisements
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  • WORLD BANK'S CRISIS REPORT
    • 1905 6  -  The World Bank's comprehensive report on global development finance looks at the region's economic woes Reports by Vikram Khanna [SINGAPORE] Mismanaged cap ital inflows, overinvestment in unproductive areas, misguided monetary and exchange rate policies, weak financial and corporate sectors and a self fulfilling loss
      FILE PHOTO  -  1,905 words
    • 413 6 EAST Asian governments, companies and banks were not the only ones responsible for the region's crisis, says the World Bank, adding that "lenders also bear much of the responsibility". Referring to the high proportion of bad loans, it notes that "these loans came from
      413 words
    • 887 6  -  COMMEXTARY The regional crisis has banished some sacrosanct beliefs of many economists and policymakers Vikram Khanna Although much is yet to happen, it's still possible to draw some lessons from East Asia's economic crisis. As the World Bank's frank and sobering assessment makes clear, the
      887 words
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  • SOUTH-EAST ASIA
    • 189 7 BANGKOK AFP THAI border trade has more than tripled in the past five years due to a series of economic cooperation projects with neighbours, a report said yesterday. The value of Thailand's border trade has risen 354 per cent to 300
      AFP  -  189 words
    • 359 7  -  SINGAPORE Survey shows 70% of respondents see farther industry decline this year By] Francis Lui MAJOR lenders, investors and hotel management companies (HMCs) have turned decidedly negative about the outlook of the hotel industry in Asia, a survey shows. "This year, over 70 per
      359 words
    • 128 7 MANILA AFP JOSEPH Estrada has a big 14-point lead in the polls seven weeks before the Philippine presidential election, but Fidel Ramos' candidate is moving up, according to an independent survey released yesterday. Vice-President Estrada kept a lock on 28 per cent of probable voters in the
      AFP  -  128 words
    • 371 7 JAKARTA Team of paid volunteers and military personnel to start work on Mon Reuters INDONESIA said yesterday it was sending a team of more than 1,000 firefighters to battle prolonged forest blazes in East Kalimantan on Borneo island. The head of the East
      Reuters  -  371 words
    • 669 7  -  AfliMflßW Mew team needs to enforce policies with more conviction to win confidence By Yang Razali Kassim NO doubt, Indonesia's new cabinet has a really tough job at hand. It's one that any government in the world would rather not handle. But as
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  • CHINA-HONGKONG-TAIWAN
    • 587 8  -  Two govt residential sites sold at auction fetch higher than expected prices bYom 1 Quak Hiang Whai in Hongkong THE Hongkong property market received a badly needed shot in the arm yesterday when the government sold two residential sites at a public auction for
      AFP  -  587 words
    • 301 8 HONGKONG And one province is pushing cadres to take chances in private sector AFP, Reuters THE People's Bank of China is to axe 50,000 jobs as part of its streamlining and restructuring efforts, the Ming Pao Daily News reported yesterday. The
      AFP,; Reuters  -  301 words
    • 118 8 BEIJING AFP CHINA'S official television announced yesterday that the central bank will cut interest rates for bank loans by an average of 0.6 percentage point and for savings deposits by 0.16 percentage point. The rate cuts will become effective today, said the television report. The
      AFP  -  118 words
    • 296 8  -  Review will look at strategic outlook for the industry From, Loh Hui Yin in Hongkong THE Hongkong Monetary Authority (HKMA) has asked consultants KPMG Peat Marwick and its subsidiary Barents Group to do a comprehensive study on the future of Hongkong's banking industry.
      296 words
    • 229 8 SHANGHAI AFP CHINA overcame objections last year and has been tacitly relaxing approval conditions for foreign companies to set up wholly-owned subsidiaries on the Chinese mainland, an investment official said yesterday. Xia Zhongguang, deputy director of the project promotion division of Shanghai's foreign investment commission,
      AFP  -  229 words
  • Page 8 Advertisements
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  • ASIA
    • 317 13 SEATTLE Its 2nd such facility outside US will initially hire 25 staff, mostly locals Reuters MICROSOFT Corp said on Monday it would open a software development centre in India, only its second outside the company's US headquarters. The new centre will open later
      Reuters  -  317 words
    • 452 13  -  Uproar as Congress loses to BJP-backed minor party nominee By Rajendra Bajpai in New Delhi IN A bizarre twist of events, the Lower House of the Indian Parliament has elected a Speaker who belongs neither to the ruling party nor the major opposition
      452 words
    • 233 13 TOKYO Reuters JAPAN'S ruling Liberal Democratic Party yesterday hinted at delaying legally mandated fiscal reforms, a move which would allow Tokyo to introduce bold economic stimulus steps in the future, including large tax cuts. Faced with demands within the party for large tax cuts
      Reuters  -  233 words
    • 71 13 [CANBERRA] Anthony Fraser riding his camel past Australia's national parliament house in Canberra yesterday in protest about a state camel tax. Mr Fraser, from the New South Wales central coast town of Coffs Harbour, and his camel Toby made the long trek to the
      REUTERS  -  71 words
    • 230 13 TOKYO Reuters ONE-TIME star copper trader Yasuo Hamanaka faces sentencing tomorrow for forgery and fraud in connection with US$2.6 billion (554.2 billion) in trading losses at his former employer, Japanese trade house Sumitomo Corp. But the year-long trial of Hamanaka, 50, who pleaded
      Reuters  -  230 words
  • Page 13 Advertisements
    • 5 13 Japan's outlook gloomy, Pg 17
      5 words
    • 230 13 As Asia recovers Morgan Grenfell's Award Winning Team Will Point You in the Right Direction. MORGAN GRENFELL MORGAN GRENFELL ASIA PREMIER TRUST PREMIER SELECT TRUST This is a unit trust which invests in stocks listed on Asian Formerly known as the Morgan Grenfell Singapore Premier Trust, (except Japan, Australia and
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  • Page 14 Advertisements
    • 149 14 |BS wmJF* ■Hjjj^Bj^Ai£2^ [r^ y-w mantlf Sun 24 May JSSSffISt B |h wo ke d l, ,h B had 9rond UpSPA 7.30 am 10km "a SfcZ^'-'.S^,'™*" time. This year, the crowd is expected to be even bigger. tu.jjU.uiiii'H V NeHewlsteiwi(fi*|Kelw|llw*i) Come in a costume you could walk away with a
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  • THE WORLD
    • 408 15 WASHINGTON But as a condition, other 6-7 nations mnst join US in lobbying for reforms Reuters REPUBLICANS in the US Senate reached a compromise on Monday to fund the International Monetary Fund (IMF), agreeing to give the IMF US$lB billion
      Reuters  -  408 words
    • 337 15 LONDON Bat govt expects to reverse defeat in House of Commons Bloomberg THE UK government was last night defeated in parliament on a bill to grant the Bank of England independence in setting interest rates, a reform announced last year by
      Bloomberg  -  337 words
    • 318 15 LONDON Bloomberg THE collapse of some Asian economies last year could herald a loss of influence for Moody's Investors Service, Standard Poor's Corp, and Fitch Ibca because they didn't anticipate events, investors said. It took until late December for Moody's, S&P and
      Bloomberg  -  318 words
    • 280 15 LONDON AFP BRITISH Prime Minister Tony Blair was embroiled in controversy yesterday after revelations that he had tried to help Rupert Murdoch take over an Italian TV group by speaking to his opposite number Romano Prodi. Mr Blair is already under scrutiny
      AFP  -  280 words
    • 251 16 LONDON Reuters [LONDON) Electronics group Siemens said yesterday it had become the first company in Britain to open a bank account in euros. The company opened the account with the corporate banking arm of British bank Nat West which said a further 2,000
      Reuters  -  251 words
    • 398 16 BRUSSELS No surprises expected in 200-page report to be formally approved today AFP THE European Commission is expected to give the green light today for a single currency to be launched next year with 11 founder members, finally answering the question
      AFP  -  398 words
    • 416 16 LONDON But there's no cause for alarm over Saddam threat, says Downing Street AFP BRITONS yesterday woke to learn that the country's air and sea ports had been put on alert against the threat of deadly anthrax being smuggled into the country
      AFP  -  416 words
    • 363 16 BEIJING Reuters US NUCLEAR power companies yesterday said that with the last hurdles to sales to China now lifted by Washington. they are anxiously waiting for Beijing to place orders. "We are obviously very happy that US trade restrictions have been lifted so that
      Reuters  -  363 words
  • Page 15 Advertisements
    • 22 15 Buyers will pay cash for choice residential and/or commercial properties. Owners with properties worth more than Sslo million are invited to call.
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  • Page 16 Advertisements
    • 235 16 Visit ALSACE at Top of the 'M' Revolving Restaurant as We Bring You the Grandeur of the French Region f 27 March 8 April f fJke IjOine... 'Ufie Guisine... Riesling Grand Cru Kirschberg 1996 A cuisine unique to this part of France, Dry, distinguished, white wine with an elegant often
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  • EDITORIAL & OPINION
    • 774 17  -  THE BOTTOMLHVE OPINION By Raju Chellam The writer is a BT correspondent EVEN before much of Asia gets out of its present economic crunch, a new and bigger crisis that could potentially engulf the rest of the world, looms right ahead. It will be
      774 words
    • 134 17 'When I was growing up, we always thought that the biggest movie star in China was (Cambodia's King) Sihanouk.' Richard Ting producer of 'New York Adventuresa comedy about immigrants, on the dull fare on Chinese TV until recently. 'We did this for the government.' Sigit Haijudanto the
      134 words
    • 619 17 EDITORIAL SOMETIME this week, Japan's ruling Liberal Democratic Party will produce yet another economic stimulus package (or at least the outline of one) and it will be accompanied by great expectations in Washington and in European capitals. These seem certain to be disappointed, however, if not by
      619 words
    • 1218 17  -  US pnblic, despite a few qualms, is showing it has values that aren't far off Clinton's go-go morality and go-go finance By] Kevin Phillips The writer, publisher of American Political Report, isauthorof'The Politics of Rich and Poor" LAT-WP IF KATHLEEN Willey, Monica Lewinsky, Gennifer Flowers, Paula Jones
      LAT-WP; FILE PHOTO  -  1,218 words
    • 880 17 Lumped with criminals LAST month, security officers in Jakarta arrested at least 150 people, including 14 women and two children. They were apprehended during a demonstration over soaring prices and a reported 30 per cent leakage in the state budget. Officers said the offenders participated in
      880 words
  • Page 17 Miscellaneous
    • 51 17 DOONESBURY By Gurry Trudeau i KNOW A lotofxxjr pi u 1 pBHHsn s°' CAUSP FRJZNPS AFZ Wl7 J PONT CARS WTjua^C\iom/M.PZ£SiP£NT*M% STARTING TO A3ANPONYCU. f IFYOUPOHAVB W ALKW W/W CHAfiSef V oari WANTBP YOU TO KNOW 7Z7 RESIGN FOR < \£aNS/i 3K5 6UY. f J <W™N£OF7He»U 7HBGOOPOF WoTWMEy IF^ 2
      51 words

  • EXECUTIVE LIFESTYLE
    • 932 18 The unsinkable film-maker is surprisingly all grace and humility while Billy Crystal again shows why he is Oscar's Best Emcee LATWP, NYT THE movie Titanic has accomplished many things, but nothing so surprising as what it pulled off Monday night when it made a humble
      LATWP,; NYT  -  932 words
    • 206 18 Picture: Titanic, produced by James Cameron, Jon Landau. (20th Century Fox/Paramount) Actor: Jack Nicholson, As Good as It Gets. (Tristar) Actress: Helen Hunt, As Good as It Gets Supporting actor: Robin Williams, Good Will Hunting. (Miramax) Supporting actress: Kimßasinger, LA Confidential. (Warner Bros) Director: James Cameron, Titanic Screenplay
      206 words
    • 395 18 Old-style Hollywood glamour takes centrestage NYT THIS really is as good as it gets. The fashion foibles Oscar watchers have come to expect were few. The auditorium was a shrine to old-style Hollywood glamour typified by men in traditional tuxes and women
      NYT  -  395 words

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  • Page 19 Miscellaneous
    • 772 19 TV&RADIO Premiere 12 (Award Show). 530 Segar. 2.00 AM The Late Night 6.30 Kaadhal Pagadai. 2.30 PM TV Innovations. Movie Catholic 7.00 Aadalenum Jeevana 4.00 Kidz Blitz: Alf Tales I. Boys. dhi. 4.30 Kidz Blitz: Classic 3.40 The Golden Girls. 7.30 Tamil Seithi (News) Speed Racer. 4JO Bewitched. (T). 5.00
      772 words
    • 249 19 CRYPTIC CROSSWORD ACROSS I 2 |3 4 |5 1 |6 HHI 1 Refrigeration firm's bankrupt 8 Presented to a minor journal- b 9 Clarify former scheme without one (7) 11 Mediocre senator suffers a _i__ breakdown (3-4) HH HV 12 A cripple home after WW2 bat- IH Hi 13 His
      249 words

  • Page 20 Advertisements
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  • COMPANIES & MARKETS
    • 487 21  -  Analysts' forecasts spot on for $89m gain at Sing Land bat UIC comes in below consensus at $57m By. Abdul Hadhi [SINGAPORE] Singapore Land reported a 3 per cent rise in group net earnings to $88.88 million for 1997, while parent
      487 words
    • 406 21  -  Dealers point to rotational play, market rumours By Ven Sreenivasan [SINGAPORE] Speculative interest and rotational play saw locally-listed penny stocks and second-liners taking the limelight yesterday. Prominent amongst the gainers were a slew of engineering and electronics stocks, led by Oakwell Engineering, which
      Source: Bloomberg  -  406 words
    • 762 21  -  HOCK LOCK SIEW Jennifer Lien TWO profit warnings early this month from unexpected quarters PC market leader Compaq and chip market leader Intel have sent electronics stocks here into a lull, with the SES Electronics Index hovering between 119 and 125 points, compared with
      762 words
    • 485 21  -  Market hopeful that DBS Land may mount takeover Jenny Lam [SINGAPORE] Parkway Holdings' share price rallied strongly yesterday as investors speculated on DBS Land's next move now that it's close to a year since it bought into the healthcare and property group. The healthcare and
      485 words
    • 312 21 Pre-tax earnings of $29.8 m higher than forecast of $20.1 m [SINGAPORE] Singapore Bus Services Ltd yesterday turned in better-than-forecast results on the back of higher advertising revenue, lower fuel prices and other savings in operation and manpower-re-lated costs. The company
      312 words
    • COMPANIES
      • 403 22 [SINGAPORE) In a twist to the share buyback scheme, Hwa Hong Corp yesterday proposed retiring 10 per cent of its capital by paying cash back to its shareholders. The investment holding firm also posted a 21 per cent drop in net
        403 words
      • 508 22  -  Venture capital may be easier means of raising funds: market players Ry Siow Li Sen [SINGAPORE] Even if Sesdaq eases its rules for the listing of start-up companies, new firms will still face an uphill task winning investors' confidence, market
        508 words
      • 526 22  -  Coming shift to new HQ marks move to tighten control of firms: analysts From Bruce Cheesman in Bangkok THE Stock Exchange of Thailand (SET) is moving to a new 19-storey building at the end of the month which analysts say will mark moves
        FILE PHOTO  -  526 words
      • 279 22 Greater focus on risk management due to diversified markets Reuters [SINGAPORE] Demand for stock indices is exploding as the investment industry goes global and focuses more and more on the management of risk, a senior Morgan Stanley Capital International (MSCI) official
        Reuters  -  279 words
      • 189 22 [SINGAPORE] Lion Teck Chiang blamed foreign exchange translation losses for a 30.5 per cent dive in interim net earnings to $4.1 million. Profit fell despite a 5.9 per cent rise in turnover to $79.2 million for the six months ended Dec 31,1997. The company
        189 words
      • 126 22 Bloomberg [SINGAPORE] Easyknit International Holdings, a Hong-kong-based textile company, said yesterday it is not aware of any developments moving its shares in trading in Singapore and Hongkong. In Singapore, the stock rose one HK cent, or 11 per cent, to 10 HK cents in trading
        Bloomberg  -  126 words
      • 517 22 Company's current liabilities exceed its assets: auditor [SINGAPORE] Mobile phone operator Total Access Communications (TAC), which counts Singapore companies among its major shareholders. has just released an unnerving annual report. Issued by Ernst Young, the report puts its forex losses at 22 billion
        517 words
      • 370 22  -  Firm expected to get Tier-1 status after management revamp From Eddie Toh in Kuala Lumpur THE Loy family of MBf Capital, which owns the largest finance company in Malaysia, is expected to become passive shareholders in the company founded by
        370 words
      • 140 22 AFXAsia [MANILA] DMCI Holdings Inc said it is holding talks with Metro Pacific Corp, Keppel Corp Ltd and an unnamed US-based company for the three to possibly purchase a stake in its unit, Universal Rightfield Property Holdings Inc. DMCI president Isidro Consunji said
        AFX- Asia  -  140 words
      • COMPANY Briefs
        • 85 22 [SINGAPORE] Pacific Century Regional Developments saw a 4.5 per cent drop in after-tax profits to $2.1 million last year. Profits made by its Hongkong-based insurance unit. Top Glory, were offset by losses from other business areas, which include property and infrastructure. Profit recognition
          85 words
        • 57 22 [SINGAPORE] The Jurong Town Corporation (JTC) has picked a subsidiary of Singapore Technologies Industrial Corporation to handle a $207.3 million factory project. STIC's building arm, Singapore Technologies Construction, will erect 17 blocks of nine-storey stack-up factories at Woodlands Avenue 9 for the JTC.
          57 words
        • 80 22 [SINGAPORE] Sime Singapore will buy 80 per cent of a motor dealership in New Zealand for NZ$B.4 million (557.6 million). The stake in Continental Car Services Limited (CCS) is being bought from CCS's sole shareholder, Tim Bailey, who still holds 20 per cent
          80 words
      • 64 22 IN our Grapevine column on March 18, we said Kindo Pte Ltd, a member of the Salim group, bought another 23,000 Jurong Cement shares on March 7, raising its stake to 24.8 per cent. Jurong Cement said the purchase was made on Nov 7 last year and
        64 words
    • INTERNATIONAL COMPANIES
      • 479 23 Move is part of strategy to slow Fiji's advance in worldwide film sales Bloomberg [ROCHESTER, New York] Eastman Kodak Co said it will invest more than US$l billion (Ssl.6 billion) in China during the next three to five years as part of
        Bloomberg  -  479 words
      • 281 23 Statement comes after report of price cuts at S'pore's CSM Bloomberg [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest chip foundry, does not plan to cut prices even though slowing Asian demand is hurting rivals, a statement said. The company said TSMC
        Bloomberg  -  281 words
      • 194 23 Bloomberg [BOMBAY] Ford Motor Co will take control of Mahindra Ford India Ltd, its venture in India which makes passenger cars. The move comes after Ford's joint venture partner, India's Mahindra Mahindra Ltd, a tractor and utility vehicle maker, decided to
        Bloomberg  -  194 words
      • 215 23 Bloomberg [TOKYO] Daikyo Inc, Japan's largest condominium builder, said it sold 1,200 condominium units to Morgan Stanley, Dean Witter, Discover Co for about 15 billion yen (*****.5 million), less than half the book value. The book value of the condominiums is 35
        Bloomberg  -  215 words
      • Article, Illustration
        38 23 [TOKYO] Honda unveiling its new electric power-assisted foldable bicycle, the Racoon Compo in Tokyo yesterday. The Racoon Compo can travel over 20 km with a nickel-cadmium rechargeable battery and is priced at 109,000 yen (5f1.350). AFP
        AFP  -  38 words
      • 216 23 AFP [SHANGHAI] The watchdog China Securities Regulatory Commission (CSRC) has penalised a listed company and several accountancy firms for violating rules on information disclosure, a news report said yesterday. The CSRC warned Dongbei Pharmaceuticals Group Co Ltd and its managing director and general manager
        AFP  -  216 words
      • 339 25 Merger would erase competition vital to national defence, says federal govt Reuters [WASHINGTON] The US federal government on Monday sued to stop a US$9 billion (5J14.4 billion) merger between Lockheed Martin Corp and Northrop Grumman Corp, arguing it would eliminate competition
        Reuters; AFP  -  339 words
      • 246 25 Bloomberg [MILPITAS, California] Quantum Corp warned that sales and earnings for its fiscal fourth quarter will be lower than expected because of falling prices for desktop hard drives and weak demand for high-end tape drives. Quantum said it expects "break even, or slightly better"
        Bloomberg  -  246 words
      • 359 25 Bloomberg [PURCHASE, New York] Roger Enrico, chief executive of PepsiCo Inc. said he will give all his salary this year, except US$l (551.60), to provide scholarships for children of PepsiCo employees. The unusual move means PepsiCo's board will transfer US$l million that
        Bloomberg  -  359 words
      • 332 25 USsl.4b deal will boost German group's share of US book market to 10% NYT [NEW YORK] Bertelsmann AG, the German media conglomerate, has struck an estimated US$l.4 billion (552.2 billion) agreement to buy the crown jewel of American publishing, Random House, in a deal that will
        NYT  -  332 words
    • FINANCE & COMMODITIES
      • 379 26 Q1 pre-tax earnings hit USsl.o2b as bond, takeover activities surge Bloomberg [NEW YORK] Goldman Sachs Group LP, Wall Street's richest investment banking partnership, said first-quarter pre-tax earnings rose 13 per cent to a record as trading, bond underwriting and fees from advising
        Bloomberg  -  379 words
      • 310 26 Bloomberg [NEW YORK] BancAmerica Robertson Stephens Co agreed to pay US$l7 million (5527.2 million) to settle a class-action lawsuit accusing it of colluding with 36 other brokerages to rig securities prices on the Nasdaq Stock Market, the company said on Monday. The San
        Bloomberg  -  310 words
      • 209 26 It had to import 30,000 tonnes of robusta from Vietnam, says report Reuters [JAKARTA] Indonesia imported 30,000 tonnes of robusta coffee beans from Vietnam until March this year because of a shortage in local supply, newspapers reported yesterday. Bisnis Indonesia newspaper quoted an unnamed official
        Reuters  -  209 words
      • 255 26 FT [PARIS] Elf Aquitaine, the French oil company, is to forge a strategic alliance with newly formed Yuksi of Russia, paying US$52B million (*****.3 million) for a 5 per cent stake in the country's largest oil company. Yuksi, valued by
        FT  -  255 words
      • 135 26 Bloomberg [WASHINGTON] Archer Daniels Midland Co (ADM) won approval from the US Office of Thrift Supervision (OTS) to operate federal savings and loan. The approval permits ADM, the world's largest agribusiness company operating in 43 countries, to convert state-chartered Hickory Point Bank Trust
        Bloomberg  -  135 words
      • 198 26 SSKEXReport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures slipped yesterday despite indications an impending economic stimulus package might not include any tax cuts. Dealers said poor results in the Japanese Finance Ministry's 1.1 trillion yen (5513.6 billion) 1.8 per cent 10-year
        Reuters  -  198 words
      • 160 26  -  MSCI TAIWAN FUTURES Cecilia Loh, 1998. Cecilia Loh, service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rebounded for the first time in three days, up 5.10 points. Premium trading over cash prevailed over the session. Featured buyers were Pru-dential-Bache,
        160 words
      • 275 26 ENERGY REPORT Reuters [LONDON] World oil prices fell back yesterday after soaring nearly 14 per cent on Monday on a surprise weekend deal clinched by oil producers to cut supply. The softer tone emerged as traders paused for breath after Monday's panic
        Reuters  -  275 words
      • 286 26 Bloomberg, Reuters London THE US dollar rose against the yen, erasing an earlier decline, amid doubts Japanese officials can boost their currency until they do more to help the country's ailing banks. The dollar slid against the yen in Tokyo after Japanese finance ministry officials suggested Japan will
        Bloomberg,; Reuters  -  286 words
      • Article, Illustration
        1243 26 PfTERBAlTK CROSS RATES Mar 24 A$ CSffcCCT Ffr On W$ M»> topi* tw »w «M MgWib Hm SS Kawd SfrMT$Mrt Kwnd US$ Australia 0.951 6.178 0.616 4.104 1224 5.191 26.492 58.625 0.871 9.223 2.428 1.188 29.788 24.991 1077 3334 0.998 *****26.030 0.400 0.670 Canada 1.052 5.849 0.648 4.317 1288 5.460
        1,243 words
    • 1859 27 SZCOM FUTURES Mar 24 f RUBBER (futurls clostnq *s at S.30|m) RSS1 CONTRACT(S cwtjAg) Close Volume Open Month Hlqh Lew Sett (tonnes) Interest Apr 98 112.25 550 May 98 114.50 113.50 114.50 475 2100 Jun 98 117.75 3450 Jul/Sep 98 124.25 124.25 124.00 375 4245 Oct/Dec 98 130.00
      1,859 words
    • 1640 27 AFP □Nikkei 225 -262.44 JAPANESE share prices closed 1.6 per cent lower yesterday on slim hopes for income tax cuts by the government in an economic stimulus package, brokers said. Sentiment was dampened after the ruling Liberal Democratic Party (LDP) decided to omit income tax cuts in its upcoming
      AFP  -  1,640 words
    • 2329 27 LONDON Industrials M«24 PfflCt 31 Group *****00 4.000 AB Ports 374.000 -6.000 Abbey National 1165.000 -23.200 Allied Oomecq 600.000 10.000 Amec 151.400 -3.600 Asda Group 201.000 1.000 BAT Ind 640.000 +12.000 BG Pic 317.000 11.600 BICC 146.000 -1.000 BOC Group 999.000 -9.000 BR Petroleum 904.000 -28.000 BTR
      2,329 words
    • Article, Illustration
      1531 28 Reuters PI Hang Stag +SLIO HONGKONG stocks shrugged off Wall Street's losses overnight and sprinted to a higher close yesterday after better than expected government land auction results, brokers said. The Hang Seng Index gained 51.10 points, or 0.44 per cent, to end at 11,645.43 after hovering around Monday's
      Reuters  -  1,531 words
    • Article, Illustration
      612 28 AFP n Shenzhen B Index -&51 SHENZHEN'S hard currency B Share Index closed lower yesterday as further declines in newcomer Dalian Refrigeration soured sentiment, analysts said. The B Index slipped 0.51 point, or 0.53 per cent, to 95.21 on turnover of HK$l2 million compared with Monday's HK$7.B million. "Dalian
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  612 words
    • 360 28 AFP OWPhiei HMj TAIWAN stocks rebounded yesterday, rising 0.6 per cent on strong buying of technology shares, dealers said. The high-tech sector staged a modest rebound after recent falls triggered by concerns over the effects of negative corporate results unveiled by major US computer companies, said Yo Wen-yi of
      AFP  -  360 words
    • 262 28 AFP n Wellington -3.74 NEW Zealand stocks fell 0.2 per cent yesterday but largely weathered the impact of higher interest rates and weakness on Wall Street. The NZSE-40 Index was down 3.74 points at 2,315.53 with Telecom Corp up five cents at NZ$B.B5. Trading was a heavy NZ5174.3 million.
      AFP  -  262 words
    • Article, Illustration
      790 28 AFP □set lata -13.40 THAI share prices slumped 2 per cent yesterday amid fears over the stronger baht hitting exports and pressure from weaker regional markets, analysts and dealers said. Analysts also said uncertainties over the recapitalisation of local commercial banks had negatively affected sentiment. "Investors are waiting for
      AFP  -  790 words
    • 418 28 AFP d Composite hia -3.47 SHARE prices closed slightly lower on the Korea Stock Exchange yesterday with investors mostly sidelined amid a lack of fresh leads, dealers said. The market was slightly higher in the morning amid expectations the recent strengthening of the won could pave the way for
      AFP  -  418 words
    • 611 28 AFP 131 AD Ordinaries +12.7 AUSTRALIAN share prices surged 0.5 per cent to a second successive record close yesterday, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, gained 12.7 points to 2,792.0. The All Resources Index rose 15.2 points to 1,184.6, while the All Industrials
      AFP  -  611 words
    • Article, Illustration
      739 28 Bloomberg DCupiatehig -14.66 INDONESIAN stocks fell a second day, led by market bellwether PT Telkom, in the wake of the interest-rate increase on government bills. The benchmark Jakarta Stock Market Composite Index fell 14.66 points to 501.66. Indonesia about doubled rates on its SBI government bills on Monday in
      Bloomberg  -  739 words
    • 305 28 AFP n Manila -5 PHILIPPINE share prices closed 0.2 per cent lower yesterday after being pulled down by heavyweight issues, analysts said. The Philippine Stocks Exchange Index shed 5 points to 2,305.06. Volume rose to 5.3 billion shares worth 2.4 billon pesos compared to 3.3 billion shares worth 1.6
      AFP  -  305 words
    • KUALA LUMPUR STOCK MARKET
      • 415 29 AFP CI Composite Index -3.0 MALAYSIA'S key stock index closed 0.5 per cent lower in thin trading yesterday as additional steps announced to boost the economy failed to entice investors. "Foreign investors opted to remain sidelined. Finance Minister Anwar Ibrahim's announcement failed to provide
        AFP  -  415 words
      • 8883 29 INDUSTRIALS Consumer product* 1998 Last Vol Day Net Cap Mtfll lw CWW Sale '000 Wph Law Wit >** 310 180 Ajinomoto 276 -4 11 280 276 15.3 1119 148 73 Angkasa 119 -6 34 125 118 2.8 175.5 290 123 Apolto Food Hlg 216 1 39 216 215 6.3 86.4
        8,883 words
    • WARRANTS & OPTIONS
      • 178 30  -  WARRANT WATCH -By R Sivanithy THERE seems to be a fair bit of activity building up in Acma's shares and warrants both have been creeping up steadily over the past few days in increasing volume. It's been a while since we looked at the
        178 words
      • 3605 30 BONOS, LOANS ft WARRANTS w l»97/9« lut Vol Oa» L**« Oust* *r% Hit* Lm StM Company laH *1- rOOO) High Low »»|Hf Sailor Prtco 68 9 m 3000 m AMOB C5 5H*****6 18 15.5 19 81 8 3160 *Acor ******1 US$ 14.5 -0.5 13 14.5 14.5 14.5 15.5 131 8.5
        3,605 words
    • 2360 30 Transaction date Mar 24 I MALAYSIAN STOCKS Cr Or 1997/98 Last V«I Day Lut Quote Ml Ok tH NM M Cap Ml» L— Stno Cempiy Salt COOOl HUH Uw Buyer S*8ar Cw P/I 478 28 mi 5000 AISB50c 102 -6 915 IX) 101 101 102 5.0 3J U
      2,360 words
    • 6556 31 Transaction date Mar 24 Gr Gc M Wt 1997/98 Last Vol Day Last Quota D«v Olv VW Not Caj Avg High Low St No Company Sale COOO) High Low Bmw Cw Wl l» WW INDUSTRIALS 157 18.5 a 1020 ACE Dynamics60c... 35 -0.5 230
      6,556 words
    • 1137 31 fir fir M Wt 19*7/98 Last Vol On LMt 0<Mt« Mv Mv Yld MM Cap Avq Mm> lw» HW« C— >—y »a*a fOOO) U» 6wy*r M>r Cw >/I Wa 186 76 a 2000 ABRHIdgsSc 111 *3 29 115 109 109 115 3.0 6.0 at 156.6 49.4 108 448 76
      1,137 words
    • STOCK EXCHANGE OF SINGAPORE
      • 222 32 Stacks Volume •Renong Bhd 50c 23,427,000 •InsasBM 22,518.000 Easyknit HKIOc 18,902,000 *M Resources 12,097,000 Datapulse 5c 11,293,000 •Rekapacific Bh 10,413,000 •Pub Bk Foreign 9,728,000 •Multi-Purpose 9,046,000 •Berjaya Group 7,235,000 •Kemayan Corp 6,679,000 Stacks 5 SPH 20,612.928 Parkway H 50c 17,915,896 •Renoivj Bhd 50c 16,596,400 SIA Foreign 16,190,176 SingTel 15c 16,091,400
        222 words
      • Article, Illustration
        57 32  -  -by Shiv Taneja LAND GENERAL closed one-and-half cents lower yesterday at 62 cents on a volume of 3.4 million shares, compared with its 10-day traded average of 2.4 million units. The near-term outlook for the stock is neutral. Longer term, however, the outlook is more positive, according to
        57 words
      • 698 32  -  STOCK MARKET COMMENTARY Poor corporate results, Dow's fail also cited; strong signs of rotational interest spreading to Sesdaq By R Sivanithy [SINGAPORE] After showing much promise last week when the price momentum and liquidity inflows appeared to be on the up and
        698 words
      • ON THE GRAPEVINE
        • 109 32 A READER was rather puffed up when he received a letter from Borneo Motors telling him that he was the sort of person who only deserved the best. Reading on, he was quickly deflated to find that "the best" in this instance was a second-hand,
          109 words
        • 71 32 SINGAPORE Power is preparing to tap the market for a three-year loan of around USSIOO million (Ssl6l million), according to basis point, a Hongkong-based newsletter that covers Asia's debt market. The funds are reportedly for the joint venture between Singapore Power and Sinar Mas group.
          71 words
        • 66 32 The newsletter, basis point, also reported that Babcock Brown is arranging a US$l29 million "operating lease" for Singapore Airlines comprising equity, and subordinated and senior debt. The latter will be split into two tranches direct SIA exposure and debt secured by the aircraft. Interest payment will
          66 words
        • 93 32 IT WOULDN'T make it to the best-seller's list but we highly recommend the Bank of England's 110-page easy-to-read report on the euro. It covers more or less everything you ever wanted to know about Europe's single currency but never dare to ask. With 191 business
          93 words
        • 84 32 IN THE wake of the regional financial crisis, many foreign banks operating here have had their lending limits severely slashed by their head offices back home. Despite the fact that bankers are supposed to be more knowledgeable than the average person on politics, economics and geography,
          84 words
        • 90 32 THERE is still the odd Indonesian looking for property in Singapore. A housing agent said one Indonesian client was actively looking to invest in one more property in the Grange Road/River Valley area. This is the area where many Indonesians have bought properties, and the economic crisis
          90 words
  • Page 21 Advertisements
    • 167 21 MORE THAN JUST A HOME IT IS SINGAPORE'S LARGEST SERVICED APARTMENTS WITH THE MOST FACILITIES AND FEATURES JLv*l. T w~m 771 r d m-m near 'I Shopping Olympic BL 9 Centre. pool. Fnjoy a host of ft Located just outside the other recreational facilities: Central Business District, outdoor landscaped jacuzzi
      167 words

  • Page 22 Advertisements
    • 148 22 isit Club Chinois today and you can enjoy our exceptional cuisine for almost half the usual price. Connoisseur's Choice $48 Per Person (Usual $88 +> Seared Tuna, Tuna Tartar Wuxi Braised Pork Ribs. Club Chinois Style Julienne of Fennel, Savoury Red Cabbage Shark's Fin Dumpling Ravioli, Hot and Sour Consomme
      148 words

  • Page 23 Advertisements
    • 121 23 A>i i: MHB8III& •^SMRMBrafSIfi^SPF? > B I IHkPI>%, 5 '^lflis«BsHlH nj .v hlmlhS^b < H «B 1 «9|*H 9. .Wg H I jfifcgAt. i wKMf^Hs||s| T < ]wr 4^y*WMßg9|9^^H^H i *2*Jm&^m>jmc' reyaßßilasT, ;-rVt *<g** v Mft»' t <£.* y» *fcg* jft SjfV> *i; jG?» j dKSK^^U For those looking handles
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  • Page 24 Advertisements
    • 159 24 PARTNERS IN SYNERGY Congratulations J.D. Eclwar ds (S) Pte Ltd on the Official Opening of your new South Asia regional premises r^X f SUNWAY COMPUTER SERVICES Premier J.D. Edwards Distributor Providing IT Partnership that delivers results." Sunway focuses on the sales and marketing, implementation, consultation and technical support activities of
      159 words

  • Page 25 Advertisements
    • 421 25 There's money to be made on the worlds sharemarkets* But which ones? I USA 6,206,907 BRAZIL 136,664 TURKEY 26,529 JAPAN 1,498,560 MEXICO 108,530 KOREA 25,409 UK 1,284,817 SOUTH AFRICA 89,439 IRELAND 23,907 GERMANY 584,682 BELGIUM 75>53° AUSTRIA 23,007 FRANCE 474,453 DENMARK 67,719 ISRAEL 22,362 SWITZERLAND 465,596 INDIA 53»4°4 GREECE 22,253
      421 words

  • Page 26 Advertisements
    • 179 26 CP We have just turned 30! Since then 30% discount off our standard rates for SINTAT has become one of the leading the same car on the 2nd day. car rentals in Singapore and throughout Peninsular Malaysia. What s re! ln appreciation of your support, when you rent the same
      179 words
    • 15 26 The Straits Times Classified comes in handy when J I'm looking for handicraft courses^ v'
      15 words


  • Page 28 Advertisements
    • 59 28 I'd like to place an f A buyer 1 I love this car V advertisement to M i the very I that I found sell my car... next day. I through J jjjc Straits Times Kf vroom... v 1 what 1 The Straits Times Classified is child's Play. injL*fe Hk
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  • Page 29 Advertisements
    • 93 29 \i V JjjylM Corporate celebrations are opportunities to IrJßct jam have a total communication approach in enhanc- J UnjL n 9 y° ur company profile to your business Z Ifk associates and customers. It may be a grand opening, launching ceremony, company annijpfcfcjl&Kaversary, ISO certification, ground-breaking B *\**4 ceremony or
      93 words

  • Page 30 Advertisements
    • 137 30 When you i* in the business of making connect***. throughout the Eastern USA, Northwest is the airline far you Because with the addition erf daily flights to Paul and Detio*. M new bring unnvaled THESE DAYS SINGAPORE AND THE U.S. SHARE EASY, CONVENIENT CONNECTIONS. Philadelphia Northwest also saves you more
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  • Page 32 Advertisements
    • 847 32 BUSINESS Notices In the matter of The Companies Act. Cap_s() And In the matter of Z.X.L. PTE LTD STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS I.IABII.ITIEft 1. TAN BENG CHONG. of 677 Hougang Avenue 8 #03-545 Singapore *****7, NRIC No. SI *****2 D
      847 words
    • 54 32 To advertise call toll-free 1800-741 1883 Let us drive you forward faster. If you are looking for a set of wheels, turn to the Vehicles Section in the Classified. Whatever your choice, it's all there in Classifications 300 to 399 sorted according to the various makes, to help you speed
      54 words
    • 95 32 Sunday Classified 1 at Clarke Quay cats, Every Sunday, 9am spm VlVf <I Jy2 \vnnKvk m&ftl i J > and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may
      95 words

  • SHIPPING TIMES
    • 321 33 Bridge News, Reuter ATLANTIC Panamax trade remained very weak in extremely dull trade, brokers said. Most were agreed that started even more slowly than the same time last week, which does not bode well for the rest of the week. The pace has even slowed for handy and
      Bridge News,; Reuter  -  321 words
    • 270 33 <tm I' _*h_ \M CWT Distribution _0.80 *0.01 21 Oman Hup 0.50 -0.02 41 Cotco m»OMn>Oilt 0 77 rrtMMUnks 0.34 unch 122 CBHoMkip 034 unch SS Hal Sun Hup 0.625 *041 59 HitachiZo»on 0.835 *0.0 1900 IMC HoMblQt HK 5.60 JayaHoMtags 0X7 Jurgng Shipyard 7.80 -0.10 M KappoiCorp
      270 words
    • 630 33  -  Currency crisis has hit both ports and shipping lines, Yeo Ning Hong warns of tougher times By Marcus Hand [SINGAPORE] Regional ports are likely to see negative growth in container throughput in 1998, PSA Corp chairman Yeo Ning Hong warned yesterday. He
      630 words
    • 733 33  -  STRAIT TALK By Seafarer THERE is now a considerable consensus among the shipping industry that there are enough rules and regulations, at least for the time being. A recent Singapore Shipping Association lunch was one of the latest forums where
      733 words
    • 401 33  -  Reports by Felix Chan [SINGAPORE] With the Asian economic turmoil casting a shadow over the region, Singapore will do what it can to help the maritime community ride out tough times, Communications Minister Mah Bow Tan said yesterday. Speaking at
      401 words
    • 507 33 [SINGAPORE] Consolidation within the global liner industry will see the emergence of a dozen global carriers, 12 mid-sized independent carriers and 24 smaller niche operators by the turn of the century. Speaking at the Singapore International Bunkering Conference (Sibcon '98)
      507 words
    • 836 34 MERGED NOL-&PL One of the world's largest and most integrated container transportation and logistics companies has emerged IN April last year, NOL announced its merger with APL Ltd for US$B25 million (551.32 billion). The merger was completed in November last year after obtaining approvals from
      836 words
    • 355 34 PACE ESP Lines M ANl 3 Ethiopun 6 Accord 8 Emgrwo Ahrenklel M FarwWa M Appenihip 5 FoongSun 8 AjuOCL 15 Wi Astro 3 Wlhb 16 Austral 9 CLW < Av«nt 16 Gemartrans 8 B'tangMas 8 <*"**9 9 ISA 7 Glory Nav 16
      355 words
    • 16090 42 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Onto sane Nam* Number Number SIN Dest'n Nam* Name Number Number 27/03 23/04 PIL BUNCA TERASEK 0*1 45-*****93 A 28/03 07/04 Han|in NUOVA AUSTRALIA M 45-*****35 To ABIDJAN (ABJ) 2003 n/M 01/05
      16,090 words
    • SHIPS IN PORT
      • 776 49 Vttsd YoyWo Bfth Arrival Ptparturt M*4*ccar4 1 "2MSS *MMHCCW rot JK ataaguM no VI500 MIM«I 0JS4* J01 ,rU M 1m* ti M if J»y* 0201* JOI M S*r H 0S01* J01 {lOVOMO •t bi 0134* JOI n»ng»« :»-J'4CC 5 **-711 iS? JOI 2103/0700 517*2 MS JM R0V2W0 r*
        776 words
      • 1722 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcing/Mtnct Rstts SMp voy No Ctb/Btr Parted From To From ti2K 25/2100 w 24/isoo 24/wt 24/1*00 a 24/1500 2 out IVrtOO U 24/T700 2VMM 21/0*00 ui |M 2tW 2V0500 5 2VUOO 2V*» MWO MM 24/N9* 24/1*00 tt 24/1700 2VMM 2VW00
        1,722 words
      • 203 49 Mar SO Greece: Independent Day. Apr 9 Hong Kong: Chlng Ming Festival. Apr 7 Brunei: Harl Raya Hajl. Malaysia: Harl Raya Hall. Apr* Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday. Canada: Good Friday. Dvunark: Good Friday. Finland: Good Friday. Ckrmany: Good Friday. Hong Kong:
        203 words
      • 656 49 THIS report, compiled by Cockatt Marine OU Ud, (how* prto* ranfae in I'S dollar* Inataed of it nil* prlce*tora»oncompreh*nalv*d»> •cripyon of th* market Prto** *hown art baaed on avaraga-elaed *t*m Market movements an Indicated The Cocket: Bunker Price Index chanae and the individual chant** tn the
        656 words
      • 343 49 CwtM *0 Mu MM 2.0 15.1 0J1 72 0.04 Mar 12 D*Mitv Nattr hiMu* AM WfctM Sediment No alow C23 5 2 1 2 0 0 21S! MO AM H4 6 0.4 Hi 0.04 24 0.02 J« Mtt l«J 10 IM 0.M M 0.04 IIWI %M/M
        343 words
    • AIR & LAND TRANSPORT NEWS
      • 332 50  -  From Rajendra Bajpal in New Delhi AIR India is launching a direct flight between Hyderabad in south India and Singapore. The Indian national carrier will fly twice a week to Singapore and back. This will eliminate the need for passengers from Hyderabad to
        332 words
      • 439 50 US plane maker continues to have production problems with 8737: analysts Reuters (SEATTLE] Continuing production problems affecting Boeing Co's 737 jet make it unlikely the aerospace giant will hit a first-quarter delivery target announced just a month ago, industry analysts say. Boeing's
        Reuters  -  439 words
      • 86 50 [LISBON] A partial view of the new Vasco da Gama bridge in Lisbon, named after the XVth century Portuguese navigator. The longest bridge in Europe of 17.2 km can stand gusts of wind of more than 220 km per hour. Some hundred thousand tonnes of steel —enough
        AFP  -  86 words
      • 361 50 NYT [HONOLULU] In the final minute before Korean Airlines Flight 801 crashed on a hillside in Guam last Aug 6, a mechanical voice in the cockpit gave the crew information that they were making a fatal mistake, according to data released by
        NYT  -  361 words
      • 1643 50 CITY fUCMT ETA FLIGHT ETO IM786 IMS 0f05 2255 (MM M20 I T 6A7306 1S40 5026 2355 ***** 0*20 ***** 2310 Jg g* KL837 1540 |M 2335 Mlt» SOW* TO SOWO OW Auckland N242M 2045 ****** 2045 t— COW 2035 1 $0286 2045 S02«5 2045 H»nol
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  • Page 33 Advertisements
    • 19 33 Merged NOL-APL: Building on strengths of both One of the world's largest container transport firms has emerged. Page 2
      19 words
    • 112 33 "0 Siting unlikely to 98 iieet Ist qtr delivery target nrm continues to have OXroduction problems with 8737: analysts. BaokPage Visit us at: BOAT ASIA'9B One World. (April2.s) Hall 4, Booth 4NOI One x llOne. World Trade Centre Nera World Phone. One of the smallest, lightest global phones. r Global
      112 words

  • Page 34 Advertisements
    • 982 34 VOT IBM raw Ml MH Otc m ■BOOTY Q| mm ipy uiuyrrjn uuac no omom uroumm looaaßM rain 57m H/m i*/m u/m ~u*i ii/m ii/m m/m 15H51 2?2 S£i *75 '!i 11 L S SI ooaMoiot wan ii/m ii/m u/m ii/m h/m m/m u/m w/m [ommm I WIII I MS
      982 words
    • 540 34 Un* Mrvcei rvcmantM u (01- By M«ne«ft 0» lh» R»o«ry o» Sngapcy# Freight Forwtrfl«r» wljpw Accredited Shipping Agent* CjJUV Aaaoottior Singapore Shipping Aaaociaton Send out 48,000 around Asia. Place an ad in... Shippingtimes Iris Dm 740 2044 JtrrodLtoog *****69 EXPORT 3 k Japan -2 Hongkong •1 x ManjojJjt KootWwwQ, K—lung
      540 words

  • Page 35 Advertisements
    • 1048 35 TO EUROPE FROM EUROPE VBSft VOY SM RTM AM HAM IRV SOU FIT L£H IvtSSil VOY tTK AND HAM KV SOU FXT l» SIN HY ADMIRAL Sl2« 76/03 If/04 IS/04 17/04 14/04 HTIARON 6101 07/0304/03 05/03 07/03 76/03 NMIOUMUIM 1171 77/03 17/04 14/04 17/04 11/04 HYUNDAI EMKROt4IM 11/03 07/03 09/03
      1,048 words
    • 1885 35 HANJIN SHIPPING HANJIN SHIPPING (S) PTI LTD tap ha** cm MOCINC *****35 737 SALES *****74 731 OOCUMMT 37*0771 774 OrfUTKM *****41 757 MAM UNE *****55 MX 77WM a *****T*****N TO NW USA CANADA USA CANADA* UK VSL/VOT MM SM UNI HAML/VOT |«Aj TIW DEN PPI |OR MSP I fIT I
      1,885 words

  • Page 36 Advertisements
    • 1470 36 DSR-SENATOR LINES TO UK/CONTESENT TO SEA^iEDITERRANEAP^NADA voy m urn I htm |mm mm |k [rji vtssa wi sm m ro mc im POOONBSENATOR WMU M 11M 13M MM lIM 10.M 17 M LOHOQMKN WIHII 30 83 MM MM 1«M MM MM »M HMUMKOK worn n.B 17 M MM MM 17
      1,470 words
    • 1224 36 MY LJNE Internet Web Site http: //www.yml.convtw rt, *n& x < tk v E IJIJfU/JI'IiIM'HIIHJiI.'UI'U'HIJIIIiIJ^II xvmaweeklyeverythjrsoay/sunqay VESSEL VOY SIN CMB RT* HAM FXT LEH AMR MING GALAXY ABI2W 26/03 31/03 17/04 15/04 14AM 19/04 SETO BRIDGE JBI2W 31/03 17/04 19/04 20/04 22/04 GIBRALTAR BRIDGE ABI3W 034)4 07/04 25/04 23/04 22AM
      1,224 words
    • 536 36 LINE m< ai«345« faxi isiana MUARA LABUAN vessei vot nv eta vessei vor no eta SPO«( MUM A SPOtE UN 1 HOSTS V0«/tt 25/03 27/03 JJ*OSW V0«/* 25/03 21/03 AfMLGUMY V0«/* 71/03 01/04 AFttttOfT VOOE/OO 21/03 07/04 J. «OSfO VOW/91 07/04 05/04 "WW* V 0«/« 07/04 04/04 MtaaotY vooi/w 07/04
      536 words

  • Page 37 Advertisements
    • 1526 37 I VESSEL VOY SIN BKK POU PKO PCN BLW SUB BA WK IRAN SHOJAAT PJL-1271 18/03 26/03 RAN TEYFOURI PJL-1273 21/03 30/03 I I I I I I I I ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I E AZARBAIJAN ARMENIA, KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN, KIRGISTAN, TADZHIKISTAN GEORGIA
      1,526 words
    • 2429 37 MONDAY 1 DIRECT 10 JAPAN *T I KOM 7 MVS I UMTI 8 MYS I I SINGAPORE'S GCNERAL AGCNTS: TSHENTOH WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OfPKE; I COSTAR SHIPPING PTE LTD »17-O«MS BLDG SAUS/IKGS 4205M1/43 inward DEPT ID/0) *****85 COSTAR AGENCIES (M) SDN BHD ICI
      2,429 words

  • Page 38 Advertisements
    • 1367 38 EUROPE/UK/SCANQINAVIA/FINLANO/RUSSIA fIGPI RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SOP E. RACER RW-821 28/03 17AM 22AM 18/04 20AM 21/04 22AM E GOODS RE-060 #7/03 OMB 08/03 IMI3 KAM E DECENT RW-BU OSAM 24AM 20/04 2SAM 27AM 28/B4 20AM E GLEEFUL RE-882 M/ 03 10AI3 88/B3
      1,367 words
    • 909 38 m. am MAC-NcLo S'KUHb M'SIA Carrier: MM CONTB LINES, INC I-K-/V~ J ORNOiimiTMm SIBU: (064) *****9 MANILA: (832) *****24 V PENANG: (04) *****36 BANGKOK: (882) *****87 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61)*****3 KUCMNQ (082) *****1-3 MANILA OINOA/1I HARvI MV "PIYA BHUM" V.9OE MV 'NORAS
      909 words
    • 410 38 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESStI I VOY I SWI PIU 1 QUI I CPT I l/MT Vimmm QOSS 29/03 07/04 11/ M ISAM NAOUI PWWCt (BIS 05/04 18/04 71/04 HAMUIVBWS QMS 14/04 23/04 27/04 01/05 04/05 GOLDEN DtAGON 004S 21/04 30/04 04/05 01/05 IUMUI PtINCESS
      410 words

  • Page 39 Advertisements
    • 572 39 i BSA A MB MYANMA iHBBk FIVE STAR UNE (Myanaar National Lino) loading for Yangon (Rangoon) VISS& VOY SW PRC PfM PGW AVA 140W SU> PAGAN 2S4W 100 PT MALAYSIA AGENTS: OOUSTEAO SHIPfING AGENCIES KUL TB 02-03-*****00 PKL TEI 02-03-37M101 PQfc TH 02-04-*****02 PGO; TH 02-07-*****21/4 BANK LINE (A stfvio
      572 words
    • 1195 39 IA HYUNDAI MERCHANT MARINE CO. UP. vorisouita|roi|*m|mM|wv|misw| S= TA/M 11/04MS/04 14/04 16/ M KYUJtON 3011 02/03 07/03 04/03 05/03 26/03 MDMSMLm 302W 27/03 7/04 10/ M 2/04 14/04 HYEHKROR 3101 M/ 03 11/03 10/03 07/03 07/03 10/03 20/ M 110W 30/03 5/03 6/03 11/03 11/03 11/03 21/04 LA LOfltE 3031
      1,195 words
    • 947 39 JBKM ttf wwegion ipebafead outocomtn MMfmuvmw ®SSO® Mr wmu/vES TO NORTH AND LATIN AMERICA RORO HEAYYUFT SERVICE" VESSEL VOY RAMP HEIGHT SIN LAX CXI NUA SAV BAL ORE I NYC I NIW I MOI TAPWU rIOT 400 Tom 6.3 M ***** 22/04 OT7OS 0470TW6T 00/05 |09/05 10/05 W 16/ OS
      947 words

  • Page 40 Advertisements
    • 869 40 ANOKOK/LAEM CHABANO JAKARTA/PANJANO VESSEL VOY SIN BKK I LCH VESSEL VOY SIN JKT PJN SRISAMUT SRS37S In Pt 28/03 XETHA BHUM ***** 26/03 28/03 MATHU BHUM 3CIN In Pt 29/03 XETHA BHUM 228S 2«/03 28/03 BAN! BHUM" 90N In Pt 28/03 29/03 GURU BHUM' 71S 28/03 31/03 MATHU BHUM 361N8
      869 words
    • 449 40 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****5 SINMER Blil CR No: **********0W Receiving Cargo at PTI Blntulu i Muara 1 VESSEL VOY SIN IJU mm «*UA I Sen* V9606E 78 79/03 07/04 MMd W9o4f 27 7S/03 02/04 I Sana V9607E II
      449 words
    • 620 40 1 ACCORD A SHIPPING PTE LTD TIL ***** IS (40 tin**) PAX *****30 FO»TKUUtG (03) MZ 1001 m M DIBICT ACCISS TIL *****53 (EXPOtT SOOKINO) HSm GUDAHG (0/) SSI IS// *****34 (IXPOtT DOC), *****39 (IMPORT) KHUK s (04J SSI 144t URLsMTTFs//WWW.ACCORO.COM.SG iUAtU (11) *49 0/70 POCT m SIM POUT ETA
      620 words

  • Page 41 Advertisements
    • 408 41 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMj-COWTMWERISED SERVICE ~WSL VOY n™ PORE I A DAM/R OAM |H SURG I SREMEN I ANTWERP A VESSEL 43 VMS 271* 1/5 OMIT 5/5 TO AUSTRALIA I FULL CONTAINER SERVICE *5 VOY FHE WK SYD MR HBA ADL BK MUE Ot LIBRA V OQIS
      408 words
    • 1069 41 PACIFIC INTERNATIONAL LINES (PTE) LTD J JgSgUgMg* 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: **********06 VESSEL VOY HI SIN STP Mil 454 31 Efi SB— I KOTAPBtWMA rWIOOI K/3 Wl !Z« T7? TI OOQAWUn OAYOII 3/4 4/4 '6/< '*/< 4 l -JJ- I KOTA PtRTAMA PTMOO3
      1,069 words
    • 955 41 VESSELS VOY SN JED I MLA LEH HAM THP RTM ZEE jgOEPOggW Y24W 84/03 01/04 OM>4 12/04 13AM 15AM ISW 16AM VMXE DC HMMOSA V2SW 31/03 08AM 14AM 19AM 21AM 22AM 23/04 24AM VU-E DC TANYA T2SW 06AM 17AM 22AM 2BAM 28AM 30AM 30AM 01AB VILE DE TAURUS A2SW 15AM
      955 words


  • Page 43 Advertisements
    • 44 43 To retrieve more schedules, just follow these simple steps... St74o-6000^^^^^^^ ep -^ea the port your Ste Step -TOid key in the four hone number code Key in your Example: > i fax number To NEW YORK (NYC) 2275 United States for calls within Singapore ;J •*>*■**■?<*
      44 words



  • Page 46 Advertisements
    • 1136 46 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LIHE: 222 2 941 JE^IC A/CELIA/MEmUH J22J23BE3EEB 7 slgs/week QBisi 2 SLG/WEEK VESBB. IVOY ISW JAK I L 25^3(WED) MAERSK JAKARTA 9813 IN
      1,136 words
    • 607 46 yomm ENG liE SHIPPING CO PTE LTD Td: SMM7S Um«) hi: J3JOB3BSJ2*»*O I CT»«iHIWBMIO( I VESSEL VOY SIN ETA SIN FTD DESTINATION Smor Central 05/98 21/03 23/03 nt RosrrotoiwTi 05/98 23/03 24/03 Potantong Dim Doya 08/98 24/03 26/03 PBc'u/Buoion Union Slot 12 05/98 24/03 26/03 Bontong/Uiung Pondon Unto Bom 04/98
      607 words
    • 451 46 9KB m FAP EAST 29/03 KEELUNG/KAOHSIUNG 29/03 BANGKOK 30/03 MANILA/CEBU 29/03 JAKARTA/BELAWAN/SURABAYA 29/03 PORT KELANG/PENANG/E MALAYSIA 31/03 BUSAN 29/03 TOKYO/YOKO/KOBE/NGO/OSA 29/03 HONG KONG SIN CHINA 29/03 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EURQPEAJK 29/03 LDN/FU(/LVP/SOU R DM/ANT/LEH/H AM/GOT /OSL also accepting cargo to EASTERN BLOCK COUNTRIES M USA/CANADA 31/03 LOS ANGELES/NEW
      451 words
    • 484 46 Singapore Soviet Shipping jSBk Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL KOTARATU RTUOOS 30/03 00/04 18AM 19/04 FAIRY EAGLE 111N 04AM 11/04 23AM 25/04 KOTA RAJA RJAOO9 12/04 ISAM 01/05 02/05 KOTARATU RTUOO7 19/04 27/04 09/05 11/05 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA VESSEL
      484 words

  • Page 47 Advertisements
    • 1140 47 I ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE j i VESSEL VOY SIN PIR GOA I VIC I IfH I ANR I FXT MSC HOUSTON 9810-3 28 MAR 10 APR 12 APR 14 APR OMIT '9 APR I£APR |N. SHARJAH ***** 31 MAR 13 APR 15 APR OMIT OMIT 21 APR
      1,140 words
    • 1802 47 (vKsa/voYxa stow I sou 1 ctm I ham ia [vcsa/vorm sou i «im I ham luh stok kok magqya shmizu [tokyq NYK AUAM 20WA12 77.03 11.04 U. 04 1«4 lto4 NTK CASK* 011A09 2*02 01.03 03.03 07.03 24.03 30.03 31.03 01.04 02JM «"*> 5* if®* ft* JiS ooawmaum osuio 07.03
      1,802 words

  • Page 48 Advertisements
    • 441 48 I VESSEL VOY SIN MAA SIN I TIGER BRIIDGE 6HN 24 25/03 30-02/04 07 08/04 I TIIGER BAY 615N 27 29/03 02-05/04 10-12/04 I TIGER WAVE 616N 31-01/04 06-09/04 14-15/04 I TIGER ISLAND 617N 03-05/04 09-12/04 17-1004 I TIGER BRIDGE 618N 07-08 AM 13-1604 21-22/04 I TIGER BAY 619N 10-12/04
      441 words
    • 801 48 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg FORTNIGHTLY SERVICE TO ii UJJ-J aJ 3£\EH©3 aaia asrossaii® amoa Overseqs Offices Hongkong *****113 flms@asioonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42 kunthida@fleth.co.th Surabaya *****00 fle-sub6sby.mego.net.id Jakarta *****48 fle<6B9lQrad.net.id Penang *****90 flepsb@po.|oring.my ■XW AVANT
      801 words
    • 1156 48 OOCL (Singapore) Pte Ltd CFS Keppel Distrpk For booking i <IDj 79 Ansofl Road #21-04 (S) *****6 Blk 513 #01-128 enquiry (u) V CR NO **********0H W: 272 7827 col 3269 180 VV5 < -=V *****13 Fox 221 3942 fw: 272 7825 I 1 L J| NORTH AMERICA USA/ CANADA
      1,156 words

  • Page 49 Miscellaneous
    • 126 49 LEGEND: R Thundor*torm T*mp«rotur. c A v Showtr Woothor ~S Wind direction with »p**d in knot* Rom Cloudy Sky Wov *•'<*' Svrfoca wind* or* mdicotod by arrow* wfcicfc «y with tfc* wind 0 On* fu« circle r*pr**«nt* cotm of bght and vonobt* wind* On* half flocho roproMnt* 5 knot* On*
      126 words

  • Page 50 Advertisements
    • 469 50 The undermentioned shipping lines in the Intra-Asia trade would like to inform all shippers that: (i) the Singapore Currency Adjustment Factor (CAF) will be revised to USSO/20, USSO/40' and USSO/RT (LCL CAF) for the period Ist April 1998 to 31st July 1998. (ii) the Japan Yen Appreciation Surcharge (YAS) will
      469 words
    • 25 50 BUY,* SELL* FIND** t* cm ft! ym arm at+M/hr tmtAh eeer k .weee T0 1 t II I ij&b 1800-737-1)66 !a»l (*H U4«| Im litiht
      25 words