The Business Times, 26 March 1998

Total Pages: 42
1 42 The Business Times
  • 11 1 TheBusinessTimes MITA(P) 110/12/97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, MARCH 26, 1998
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  • 77 1 ranuiB U8t SI UN £(l'S$/SS per U72 MM DM 1829 1877 TEH 129.7 1JH* MS MM §441 BKS 7.748 1*7 BAHT »Jtt IW BIPIAH 8.4M MIT *8$to Mm*I St to lot mttx PUKE KATES SINGAPORE* 7Jt KUALA LUMPUR 11J0 JAKARTA 28.00 BANGKOK 14.7* MANILA 2ZJ0 H0N080NQ 10.28 TAIPEI AM
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  • 540 1  -  Zero-coupon bonds can be swapped for Sing Tel shares and will be listed on SES By, Audrey Tan [SINGAPORE] Government investment arm Temasek Holdings will launch a US$l billion (Ssl.6 billion) issue of 5-year bonds Singapore's biggest ever that can be exchanged for
    540 words
  • 498 1  -  It is likely to buy another 71.43% from yard's parent at under $1 a share By i Conrad Raj [SINGAPORE] Keppel Corporation is expected to announce today the acquisition of a controlling stake in shipyard Hitachi Zosen Singapore. Trading in Hitachi
    498 words
  • 691 1  -  Interest rate hike, prospect of IMF deal bring back savers From S N Vasuki in Jakarta THE Indonesian rupiah, which closed at 8,200 against the US dollar yesterday, has soared this week due to a rush of capital into the domestic
    Source: Bloomberg  -  691 words
  • 537 1  -  Move to force mergers in face of non-performing loans Frori Eddie Toh in Kuala Lumpur THE Malaysian central bank has raised the minimum shareholders' funds for finance companies from five million Malaysian ringgit (552.2 million) to a staggering RM6OO million. The move
    REUTERS  -  537 words
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    • 104 1 rams BAAaigak Is the LDP trying to bolster its power by pressing corruption charges against high financial bucreaucrats? Pgll Ayimmrk The new BMW 3-series should easily give the Merc C-Claes and Audi A 4 a run for their money, wis i. ■!t :»'0:1 t oowomi IMUWI Full-year earnings NET (IBD
      104 words
    • 9 1 Tide turn* in favour of marine stocks, Pg 16
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    • 60 1 More reports, Pg 5 The Living Legend WSrJrm^ J\ZIRO 3 World Premiere: Minute Retrograde Jumping Hour Classic Retrograde Collection f gerald genla THE HOUR GLASS Takashimaya Shopping Centre Tel: 734 2420 Scotts Tel: 235 6527 Lucky Plaza Tel: 733 1262 Centrepolnt Tel: 734 1598 Peninsula Plaza Tel: 337 8309 Raffles
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  • SINGAPORE AT HOME & ABROAD
    • 542 2  -  He says revolution in financial services will benefit all businesses here Hy\ Siow Li Sen DESPITE the reservations of local bankers, consolidation of the Singapore banking industry will come sooner than later, says a leading financial management consultant. Earlier this month, two
      542 words
    • 315 2  -  eye on the economy Outlook By. Audrey Tan SINGAPORE'S quarterly economic growth will slow to 1.5 per cent in Q3 this year, before a recovery gets underway, says UK-based Consensus Economics. But full-year gross domestic product (GDP) growth will likely be 3 per
      Source: Consensus Economics  -  315 words
    • 355 2  -  Grouping will emerge from crisis as stronger entity, says PM Goh Reports by. Ronnie Lim in Bangkok TO overcome Western perception that Asia has been badly set back by the regional currency crisis, Asean leaders should show at next
      REUTERS  -  355 words
    • 347 2 SINGAPORE investors in Myanmar are concerned that the country's import restrictions to cope with a foreign exchange crunch will jeopardise the operations of their projects in the country. BT understands that this was one of the main issues brought up
      347 words
    • 225 2 TAXI rides are likely to cost a little more once electronic road-pricing (ERP) starts. The Public Transport Council has given the green light for cab companies to pass ERP charges to the commuter. When the scheme starts along the East Coast Parkway
      225 words
    • 124 2 AN ISO standard that spells out how clean and comfortable a hotel room should be. Or one that recommends specific terms for the exhibition management industry. Experts from more than 20 countries will be in Singapore from March 31 to April 1 to discuss
      124 words
    • 326 3  -  Drop in Asian tourists lead to sharpest monthly fall in 10 years By, Audrey Tan VISITOR arrivals fell yet again by a double-digit percentage for the fifth straight month in February, due to fewer tourists from Asia. The 21.6 per cent drop, compared to the
      Source: STB  -  326 words
    • 150 3 THE German Districentre a $24 million investment by German logistics company Logtrans Holdings Pte Ltd yesterday opened fully-ten-anted despite the current economic downturn in Asia. The 13,500 sq m building at Toh Tuck Link serves as a one-stop warehousing, inventory and distribution centre,
      150 words
    • 209 3 Creative action needed to tackle impact of crisis TO cope with the regional crisis, local enterprises were yesterday advised at a seminar to change their mentality and explore creative actions. This is especially so in financing and cash-flow management two top focus areas
      209 words
    • 489 3  -  Rollout starts April; residents to be charged $98 a month for two years By i Catherine Ong SINGAPORE Cable Vision (SCV) said yesterday it will spend $150 million over the next two years cabling landed properties. The rollout begins in April and SCV
      489 words
    • 352 3  -  By, Abdul Hadhi THE Housing and Development Board (HDB) will build 650 studio apartments for the elderly in a pilot project, National Development Minister Lim Hng Kiang said in Bedok yesterday. The move marks a shift from the past
      WONG KWAI CHOW/ST  -  352 words
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    • 243 2 Proflt tell seen for S 'pore banks, Pg 16 mmrn^i ■Bfct **||™*^B ME> Igk GASTON Actual Price $ft^ jXa2|jL^^|H^|M} Actual Price Actual Pnce S>OC I Ill^^^V 111 l ITMIdISi.I Ll I I II I all Actual Pnce IXJt) No* $570 flHIi Actual Pnce $1206 JOSEPHINE Actual price y«6 i 1
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  • Page 3 Advertisements
    • 92 3 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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    • 33 3 A Struct of NBC 6 Dom Jones J V CNBC Asia Business News is available on channel 15 of Singapore Cable Vision. For more information please call Singapore Cable Vision at 872 0188.
      33 words

  • FOCUS: PROPERTY
    • 520 4  -  It's up against attractively priced private, resale homes By. Abdul Hadhi [SINGAPORE] HU D C units have taken a back seat with prices in the private residential and HDB resale markets falling back to attractive levels. The Straits Times' Classifieds section, which used to carry up to
      FILE PHOTO  -  520 words
    • 134 4 CONSTRUCTION of a $100 million 206-unit service apartment project at Orange Grove Road began yesterday. The 183,000 sq ft plot of land, valued at $200 million, is owned by a trust set up by Arab merchant Shaik Sallim Talib for his family members. The
      134 words
    • 1029 4 HDB transactions from 16 February to 13 March, 1998. Typ* PMtt Contact MM* Ma M locate* OMrtct Oak UndAm (STOOQ (Sfi 2-Room (Standard) Commonwealth Or 314 06-Mar-98 450 70 156 JlnBatu 1543 25-Fet>-98 473 78 165 OutramPk 316 27-Feb-98 463 95 205 TamanHoSwee 316 25-Feto-98 441 81 184
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  • Page 4 Advertisements
    • 1041 4 If ELECTRONIC RESOURCES LIMITED I (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following results: 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 J group comity g 1897 1991 WP srooo srooo srooo sjooo p Turnover 1,453,536 919,104 58.1 841.246 506.640 66.0 Investment
      1,041 words
    • 230 4 INDUSTRIAL PROPERTY FOR SALE I YISHUN Built-in 360,000/430,000 sq ft Land area 360,000 sq ft Tenure 29+30 wef 1 July 1989 90% Fully airconditioned Good loading facilities Ample carpark Own canteen Excellent corporate HQ Sale with vacant possession For more details, please contact: Dr Amos Koh 223 6533 Mr Nicholas
      230 words

  • BANK NEGARA ANNUAL REPORT
    • 683 5  -  Move to fight rising inflation and to help restore investor confidence From Eddie Toh in Kuala Lumpur THE Malaysian central bank will maintain a tight monetary policy to combat rising inflation in a shrinking economy now expected to register a growth
      683 words
    • 643 5  -  Froml Ruth Wong in Kuala Lumpur MALAYSIA will stick with its high interest rate regime in its effort to maintain stability and instill confidence in the economic system, Bank Negara governor Ahmad Don said yesterday. He said the current interest rate level
      643 words
    • 288 5  -  Debt service ratio to inch up to 7% this year from 5% in *97 By] Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S external debt situation is "manageable", with Bank Negara anticipating that Malaysia's debt service ratio will rise from 5.1 per cent in 1997
      Source: Bank Negara  -  288 words
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  • MARKETS IN TURMOIL
    • 407 6 Reuters [WASHINGTON} The World Bank, worried about Asia's financial turmoil, has revised its 1998 world growth projections down by half a percentage point, according to documents released on Tuesday. An internal paper published in tandem with the bank's report on Global Development
      Reuters  -  407 words
    • 466 6 Three major developers have declared inability to pay interest Reuters [JAKARTA] More Indonesian property companies are likely to default on rupiah bond coupon payments following on the heels of three leading real estate firms, analysts said yesterday. Property firms Ciputra Development,
      Reuters  -  466 words
    • 233 6 TOKYO Bloomberg TEN of Japan's biggest banks agreed to a plan to allow Indonesian companies to delay for up to six months repayment on principal for loans, said an official from a Japanese lender involved in the negotiations. US and European
      Bloomberg  -  233 words
    • 364 6 Sale marks govt's first issne of overseas bonds AFP [SEOUL] The South Korean government will launch a promotion campaign this week to sell US$3 billion (Ss4.B billion) worth of bonds its first dollar-denomi-nated bond issue, officials said yesterday. The
      AFP  -  364 words
    • 63 6 [JAKARTA] A teller writing a receipt for a customer after buying rupiah notes at a money changer in Jakarta yesterday. The rupiah slightly recovered against the US dollar trading at 8,300-B,4ooyesterday after a new wave of optimism swept the country on expectations it would reach an
      AFP  -  63 words
    • 250 6 It shows recovery conld begin as early as this year, he says Reuters [HONGKONG] Growing foreign interest in Asian market bargains shows that a regional economic recovery is not too far away, and could begin as early as this year, a senior banker
      Reuters  -  250 words
    • 548 6 Banks, PTT Exploration, Telecom Asia among those in line Bloomberg [BANGKOK] Thailand Inc is coming in from the cold. Some of Thailand's biggest companies Bangkok Bank pic, PTT Exploration Production pic, Thai Farmers Bank pic and Telecom Asia pic are lining
      Bloomberg  -  548 words
    • 318 6  -  From Harish Mehta in Bangkok JUST one week after it bought a controlling stake in a Thai commercial bank, ABN Amro Bank is actively looking to buy into other Thai financial institutions, and has already had talks with Thai Reinsurance Public Co. Surachai
      318 words
    • 261 6 Asian crisis prompts it to consider short-term curbs Bloomberg {LONDON] The World Bank is considering the merits of short-term controls on capital flows following last year's drops in Asian currencies, which marks a possible change in its emphasis on free financial markets. Last autumn, the
      Bloomberg  -  261 words
  • Page 6 Advertisements
    • 9 6 Wl 7 k vtianhe Zaobao j «sn» I_ _j
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    • 102 6 What do you know about your 5 Business Partners 6 Potential Acquisitions *1 5 Competitors 6 Markets Company Profiles is a customised service that gives you company information on ownership, size, structure, financial information, management, company history, investment, technology, staffing, and market information. We also offer customised Industry Profiles that
      102 words

  • REGION
    • 411 7 HANOI No remedy offered on how to maintain growth, reverse investment declines Bloomberg VIETNAMESE Prime Minister Phan Van Khai yesterday dismissed calls to speed up market reforms, in the wake of the country's first bond sale to international investors. Facing the
      Bloomberg  -  411 words
    • 202 7 BEIJING Reuters A MYSTERIOUS signal has hit a Chinese telecommunications satellite, disrupting share-trading, earthquake monitoring systems and pager services in China, the Beijing Youth Daily said yesterday. Chinese technicians were puzzled at the cause of the interference, which began on March 14, but investigators have
      Reuters  -  202 words
    • 61 7 JAKARTA] A construction worker on Tuesday digging a hole along a street to install a new fibre optic telecommunication system as a man uses a public telephone booth in Jakarta. The Indonesian government raised international call rates by 25 per cent last Sunday to adjust
      AFP  -  61 words
    • 204 7 BANGKOK Reuters BUSINESS is booming in Thailand's used car markets, as more people turn to less expensive, second-hand vehicles to beat the economic crunch. Sawasd Seelaburt, owner of a used car business, said the state-run Financial Sector Restructuring Authority (FRA) auction of cars was
      Reuters  -  204 words
    • 374 7 BANDAR SERIBEGAWAN Citizens asked to fast for two days to pray for rain AFP BRUNEI authorities yesterday ordered all schools closed for two weeks as haze from forest fires in nearby areas worsened. Citizens of the largelyMuslim sultanate have also
      AFP  -  374 words
    • 138 7 KUALA LUMPUR Bernama THE Employees' Provident Fund (EPF) has provided Perwaja Terengganu Sdn Bhd with a 710 million Malaysian ringgit (Ss3l2 million) fixed rate term loan to refinance Perwaja's existing revolving notes facility from Arab Malaysian Merchant Bank Bhd. The facility, dated Jan 26
      Bernama  -  138 words
    • 296 7 CANBERRA Jakarta officials, 20 donor countries invited: Downer Reuters THE World Bank will convene a major meeting on international humanitarian efforts to aid Indonesia on April 1, Australian Foreign Minister Alexander Downer said yesterday. Senior officials from Indonesia, 20 donor
      Reuters  -  296 words
    • 139 7 SOLO, Indonesia Reuters INDONESIAN troops and students fought in the central Java town of Solo after the soldiers blocked an anti-government rally from leaving a university campus, witnesses said yesterday. About 1,000 students from the University of March 11th (UNS) joined Tuesday's procession demanding political and
      Reuters  -  139 words
    • 228 7 MANILA AFP PHILIPPINE President Fidel Ramos yesterday denied charges of corruption in connection with real estate deals, and called his accuser an "unstable individual" guilty of "moral turpitude". "Apparently he is a very unstable individual and this whole set of accusations against him constitutes probably moral
      AFP  -  228 words
    • 323 8 I BEIJING 'Sogoshosha' policy affirmed bat govt urged to watch debt ratios AFP CHINA has formalised a four-way merger to create a mammoth new trading company along the lines of Japan's and South Korea's all-purpose trading giants, the official China Daily reported yesterday. China General
      AFP  -  323 words
    • 702 8  -  CHDVA WATCH Cuts in statutory reserve requirement, interest rates reflect urgency By Lu Ning After talking about it for more than two years, China's central bank finally did it. On Tuesday, the People's Bank of China announced that as from yesterday, the statutory reserve requirement
      702 words
    • 455 9 NEW DELHI Growth down to 5%, fiscal deficit rising, he warns as interim budget is unveiled AFP, Reuters INDIA'S new finance minister, in his opening address to parliament, gave a grim warning that the country was being strangled by an economic slowdown and a
      AFP,; Reuters; REUTERS  -  455 words
    • 209 9 TOKYO AFP [TOKYO] Japan's ruling party has drawn up the outline of its latest economic stimulus package, reports and officials said yesterday, with income tax cuts nowhere to be seen. The ruling Liberal Democratic Party (LDP) plans to announce the main points of its programme
      AFP  -  209 words
    • 333 9 Bill rejected again Howard can call polls any time CANBERRA Reuters AUSTRALIA'S parliament yesterday handed the conservative government its first trigger for an early election widely expected later this year. The upper house, the senate, rejected for a second time a government bill making it easier for small businesses to
      Reuters  -  333 words
    • 255 9 TOKYO 2 ministry officials indicted in separate case involving bribes Bloomberg AFP NIKKO Securities Co former executives yesterday pleaded guilty in Tokyo District Court to charges of making illegal payoffs to a corporate racketeer and a Diet member. The politician, ruling party
      Bloomberg; AFP  -  255 words
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    • 451 7 Mm mt jhjj m V 1 <£■ m mm H I JH Mgf _f^| For the first time, the co-location I OPEN TO of Asia's four most important IRB TRADE PUBLIC! exhibitions for the marine, dive F* I. S April 1998 and sports fraternity presents: BOAT ASIA Expo H a
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  • Page 8 Advertisements
    • 13 8 Hp H|| ■BT. Ww*i f I I Mi a am m H i^/St
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    • 153 8 Fishing for a flight to Malta? Now you can catch Emirates. < 'itMßßPLa*** i ill i f Ujyt am WTinT^KM^EM m TTMS3f^M m MTWrTiyBt^ m Bf "ff y 'iTiMiM''""' -JIG Whether vou want to go to Gozo, fish in Filfla or vacation in Valetta, Hmirates can now fly you to
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  • Page 9 Advertisements
    • 107 9 Salut-Burberrys Secretaries' week promotion Door Gifts of Burberry s Vouchers and Discounts for ALL Diners! Phis, a pair of Burberry s watches and Shopping Vouchers to be won! April 20 25 1998, Luncb 11.30 am 2.30pm 4-Course Executive Set Luncb at SS36per person or go a la carte from the
      107 words
    • 55 9 Conferences Asia in Crisis Miri-Yenr Forecasting Planning MttfinvJ ECONOMIC RECOVERY WHEN AND HOW WILL IT HAPPEN? April V IWH four Scusoms Until. Sim!iif>on Icromv I i nil lev. Flic I conomist on tcrouw Ml Rjlllr I'l.ur. H n| ,ilu I <> w..V Ii l: l'» r >l r >l77 »V|
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    • 123 9 The Straits Times. Now Available In French. l>on appctit! li s a delicious offer brought to i>ll In I'hc Straits Times aiul Delifrance. And iho best pan is it's the perfect deal lor two. Carder a Breakfast Set at an\ IVlitranee C\i!el>akei\ or Sidewalk Cafe and \ou'll receive a complimentary
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  • THE WORLD
    • 496 10 FRANKFURT Germany, France need to strengthen public finances before launch: EMI AFP THE European Monetary Institute (EMI) warned the pillars of the single currency, Germany and France, to strengthen their public finances, and issued reservations about the readiness of Italy and Belgium yesterday.
      AFP; REUTERS  -  496 words
    • 303 10 WASHINGTON Reuters ORDERS for costly manufactured goods dropped sharply in February, the Commerce Department said yesterday, pulled down by a steep fall-off in demand for commercial aircraft and parts that may partly reflect weakened exports to struggling Asian economies. New orders for
      Reuters  -  303 words
    • 466 10  -  Region most face up to Beijing's growing global influence Fro\ Shada Islam in Brussels THE European Union should prepare to upgrade its political and economic ties with China following the appointment of the modernising reformer Zhu Rongji as premier and the country's increasingly
      466 words
    • 291 10 GENEVA Legislation will bring Bern in line with some others in EU AFP A NEW Swiss law against money laundering is to take effect from April 1 in a move to bring Bern in line with a number of European Union capitals
      AFP  -  291 words
  • Page 10 Advertisements
    • 1587 10 ESUI HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) Unaudited Full Year Financial Statement And Dividend Announcement Full-year financial statement on consolidated results for the year ended 31 December 1997. These figures have not been audited. Group Company SS'OOO srooo UMyeerio Miluwiw Clunge UMtywrlo Pwrtowyeer Cheng® 31 Decanter
      1,587 words

  • EDITORIAL & OPINION
    • 724 11  -  THE BOTTOM LIMB OPINION By Russell Baker The writer is a columnist on The New York Times THE YEAR 1984 is dead and gone, but Big Brother lives. His inescapable eye and ear are watching, listening. Use the phone and hell tape
      724 words
    • 129 11 'Only a fool reports his company's income accurately.' A Chinese executive in Rimming, Yunnan province on the common practice of keeping multiple sets of company accounts. 'Fatherland of mine, I have been your soldier and that makes me happy.' Augnsto Pinochet coup leader and former Chilean dictator,
      129 words
    • 648 11 EDITORIAL Gripping though the Kremlin drama might be, what Russians and their friends abroad are most interested in is not personalities and portfolios but an end to the prolonged shilly-shallying over economic reforms and getting the job done. This is one revolution that might well
      648 words
    • 1131 11  -  Japan's rating politicians out to grab power while no one is looking By. Anthony Rowley The writer is BT's Tokyo correspondent THE saying that if you "give a dog a bad name" you might as well hang it has assumed a tragic reality in Japan, where senior
      FILE PHOTO  -  1,131 words
    • 346 11  -  waTT-Pfwr Dr Chen Walter Roland Chen Walter Roland, BBM Chairman Tanglin Community Club Management Committee Singapore I REFER to your report, "On the Grapevine Community Property?" (BT, March 21-22). Although no cars are allowed to park under the covered porch, unless authorised, it is untrue
      346 words
    • 550 11 Tight money in Indonesia BANK Indonesia's move to nearly double the Interest rates on its benchmark instruments (SBI) to 40-45 per cent for papers of one week to two months should have been the best of the worst alternatives it has in addressing the threat of
      550 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 24 11 DOOHESBPBY By Garry Trudeau \WZif MGU.SK A lot BHHH| r&frW THEHiB?ir r cohcsfnepaboutthz \THZRJOUCS&*ISTD\ h/zo/v&wm e&MNpi' J p&*MVMPCBsrFuc- \ee CUTTING YOUJ I wL! fl
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  • EXECUTIVE LIFESTYLE
    • 913 12  -  The new BMW 3-series should easily give the Mercedes Benz C-Class and Audi A 4 a run for their money, says vek sreenivasam VEN SREENIVASAN AT first glance, the new BMW 3-series bears an uncanny resemblance to the current 5-series. Perhaps it is because
      913 words
    • 453 12 BMW hopes 3-series will help cushion expected fall in region's sales GERMAN car-maker BMW is counting on its new 3-series model to ride out a turbulent year in Asia. Senior company officials expressed confidence that enthusiasm for the new model to be
      453 words
    • BUMPER to BUMPER
      • 74 12 VOLVO'S Asian units Swedish Motor Assemblies Sdn Bhd of Malaysia and the Thai-Swedish Motor Assembly Co of Thailand are the first to secure a certificate of eligibility for the Asean Industrial Cooperation Scheme. Eligible parties qualify for preferential import tariff rates of zero to
        74 words
      • 84 12 LAND Rover will launch a replacement for the eight-year-old Discovery later this year. Called Tempest, the new offroader will feature self-levelling suspension seen in the Range Rover, and the automatic hill descent mechanism the Freelander has. Two years from now, the company
        84 words
      • 84 12 INDEPENDENT tests conducted by America's Insurance Institute for Highway Safety has found BMW's head-airbag system to be the best side-impact protection so far. A BMW 5-series equipped with the restraint was crashed into a rigid pole at 32 kmh, and the result "dramatically illustrates the key
        84 words
      • 65 12 TWO V-Sixes have been on automotive publisher Wards Communications' list of 10 best engines since 1995: Mazda's 2.3-litre supercharged Miller-cycle V 6 and Nissan's 3.0-litre VQ. The Mazda powerplant is described as a "butt-kicker in a tuxedo", and is found in the Millenia S. The Nissan
        65 words
      • 81 12 WHEELS For Fun, an organiser of driveaway holidays, turns 10 this year. To celebrate, it has in store packages at what it claims to be 10-year-low rates to destinations such as Awana Kijal Beach Golf Resort, Fraser's Hill, Pulau Pangkor, and a treasure
        81 words
      • 72 12  -  Compiled by Christopher Tan BMW has designed a four-litre, 600-horsepower V 8 engine 1 specifically for US racing customers. Special features Include dry sump lubrication (via extraction pumps and a pressure pump), which allows it to be fitted at the lowest possible level for better centre of
        72 words
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 619 13 TV&RADIO Premiere 12 life 30 The Pyramid Game. WO Touring Latin Ameri--7.00 News 5At Seven. ca. PM TV Innovations. 7>30 soul Man. 5.35 Patlabor. Kidz Blitz: Classic 8,00 phua Chu Kang MmU k Speed Racef. 8.30 Police Academy. 9.00 AMCDIS. RwHh i *Wf 5.00 Bimble's Bucket. 9>30 Ally Mcßeal Draw-
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    • 263 13 CRYPTIC CROSSWORD 1 Footballers here wealthier 3IH HH HB) than management? (5,4,4) Hi JHt AH captain (7) hJ Lbt— MM 11 Mechanics' turning-point (7) 12 Calling for tax (4) i2"~ 13 Rash in the colonies (5) 14 Who in France takes time to jHf HH 17 Iverson turns out for
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  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 615 15  -  Net profit attributable to shareholders drops 64.5% to $10.7 m Reports by Siow Li Sen [SINGAPORE] Nat Steel Ltd yesterday not surprisingly posted almost flat net earnings for 1997, up 2.7 per cent to $56.82 million, and also reported
      ARTHUR LEE  -  615 words
    • 333 15 [SINGAPORE] Nat Steel Ltd may file an anti-dumping petition against cheaper steel coming into Singapore from the regional mills affected by the Financial meltdown. "We may consider filing for anti-dumping," said NatSteel president Ang Kong Hua yesterday at a press conference to brief the media
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    • 883 15  - Emerging Victor —son of Li Ka-shing making his mark HOCK LOCK SIEW Quak Hiang Whai AT ANOTHER media scrum after a land auction recently, several female reporters could not break into the fierce scramble to find out what the commotion was about. Finally, one of them asked a cameraman at
      883 words
    • 629 15  -  Asian falls trim contributions from N America, Europe Fromi Quak Hiang Whai in Hongkong CDL Hotels International Limited, which contributed about 20 per cent of the pretax profits of parent City Developments in the past, yesterday reported a 40 per cent slump
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    • COMPANIES
      • 463 16  -  Moves spark talk of takeover which sources say will be hostile, if it happens By, Jenny Lam [SINGAPORE] Another potential healthcare takeover may be shaping up as Malay-sian-listed Hospital Pantai has increased its stake in Ses-daq-listed Asia Matrix from 13.57 per cent to
        463 words
      • 115 16 [SINGAPORE] Goldtron Telecommunications (GT), a unit of Sesdaq-listed Goldtron Ltd, and Motorola Inc yesterday announced that they have resolved their pager patent dispute involving Goldtron's "Arpeggio" and "Legend" lines of pagers. A statement issued by GT yesterday said that the parties have entered into a licence
        115 words
      • 217 16 [SINGAPORE] Super Coffeemix saw its earnings fall 59 per cent last year to $4.5 million, due mainly to year-end exchange losses suffered by subsidiaries in Indonesia and Malaysia, the mainboardlisted company said yesterday. Turnover, however, grew 5 per cent to $108.45 million
        217 words
      • 443 16  -  SECTORAL MOVES Outlook brightens, Hitachi Zosen's trading halt sparks takeover talk Ven Sreenivasan [SINGAPORE] Marine-based counters, which have long been in the doldrums, sprang to life yesterday amid expectations that prospects for the industry are brightening. Stocks like Samudera Shipping, Osprey Maritime and
        443 words
      • 407 16  -  From Neil Behrmann in London PROFITS of Singapore banks will tumble this year and then rebound in 1999, contends Salomon Smith Barney. Their results will be bleak this year because of a decline in lending and high loan loss provisions against exposure in Indonesia
        407 words
      • 451 16  -  By, Annette Pau [SINGAPORE] Local hard disk-drive component maker Brilliant Manufacturing expects to maintain its profit margins in spite of the current oversupply situation in the global drive industry, managing director Harry Koh said yesterday at a press briefing to launch the company's public share
        451 words
      • 173 16 Permasteelisa net up 38% to 12.8m [SINGAPORE] Strong contribution from China and Hong-kong-based activities helped raise the net earnings of re-cently-listed curtainwall specialist Permasteelisa Pacific, by a hefty 38 per cent to $12.8 million for the year ended Dec 31, 1997. The sharp rise in earnings, up from $8.3 million
        173 words
      • 416 16  -  Strong interim despite HKs4oom provision; group upbeat on prospects From Quak Hiang Whai in Hongkong NG Teng Fong's Sino Land Co yesterday unveiled a 33 per cent rise in net profit for the six months to Dec 31, after a
        416 words
      • COMPANY Briefs
        • 114 16 AFX-Asia [LONDON] Dairy Farm International Holdings has sold its 11 per cent interest in British grocery group Somerfleld pic for US$29O million (***** million) before expenses. The group expects a profit of about US$BO million from the sale to institutional investors. Dairy Farm received
          AFX-Asia  -  114 words
        • 113 16 ELECTRONIC Resources Ltd (ERL) yesterday reported a 78 jump in net profit to 120.8 million as turnover surged 58 per cent to $1.45 billion, the first time sales have crossed the $lb mark. The mainboard-llsted company attributed the strong growth to its China market. Earnings per
          113 words
        • 99 16 [SINGAPORE] Teledata reported a 73.4 per cent drop in group net earnings to $1.2 million for the year ended Dec 31 despite an 11.3 per cent rise in group turnover to $93.12 million. It cited its share in startup costs in the paging network business
          99 words
        • 78 16 (SINGAPORE} Industrial equipment supplier Ace Dynamics formerly known as Causeway Investment has returned to the black despite a 23 per cent lower turnover of $33.67 million. The group managed an after tax profit of $677,000 for 1997, compared to a loss of $7.34 million
          78 words
        • 120 16 AFX-Asia [SINGAPORE] SM Summit Holdings said Adobe Systems, Autodesk and Microsoft have ended their civil action against the CD manufacturer over piracy allegations. The three US-based software companies have not lodged an appeal against a decision by judicial commissioner Lim Teong Qwee to
          AFX-Asia  -  120 words
        • 86 16 [SINGAPORE! Computer multimedia manufacturer and supplier Aztech Systems is planning to start selling its latest model modem, the Aztech 56K USB modem in the second half of this year, at a suggested retail price of US$l59 (*****.40). Aztech says the modem will be one
          86 words
        • 67 16 [SINGAPORE] Flextech Holdings has agreed to buy 80 per cent of Hongkong-incorporated electronics distributor Marvic. It will be buying 1.2 million HKfl shares in Marvic for HKII3 million (5«.7 million) from Ma Kwan Chim and Chia Ee Joo. Marvic, which mainly distributes Flextech-manufactured
          67 words
    • REGIONAL COMPANIES
      • 246 17  -  Fron Al Labita in Man ila FOREIGN funds yesterday feasted on shares of the listed flagship of Indonesia's Salim Group on rumours of a "mega telecom merger" with the Philippines Long Distance Telephone (PLDT). Index heavyweight Metro Pacific Corp (MPC) shot up 3.6
        246 words
      • 442 17  -  Results also hurt by downturn in Hongkong tourism, start-up costs for new hotels From Loh Hui Yin in Hongkong A DOWNTURN in the region's tourism industry, start-up costs for new hotels and a HK5193.3 million (SS$4O million) charge led to a
        442 words
      • 388 17 Meanwhile, Indofood shares surge 24% on talk that QAF will take over ownership Bloomberg [SINGAPORE] QAF Ltd posted a profit of 558.82 million for 1997, after setting aside money for doubtful debts and exchange losses from South-east Asia's currency crisis. The breadmaker, controlled
        Bloomberg  -  388 words
      • 302 17  -  From Jennifer Veale in Seoul GIANT South Korean conglomerate Samsung appears set to enter the race to buy the debt-laden Kia Motors in a bid to save its fledgling carmaking venture. Only days after another bid for Kia by Hyundai, Samsung
        302 words
      • 269 17  -  Central said to be making move to attract more bidders From Ruth Wong in Kuala Lumpur IT MAY seem like a bizarre move but Malaysia's central bank will soon advertise the sale of six Sime Bank subsidiaries in a move
        269 words
      • 190 17 Bloomberg [HONGKONG] Henderson Land Development Co, one of Hongkong's biggest developers, said yesterday net profit for the six months ended December fell 28 per cent to HKS3.B4 billion (*****.5 billion), a smaller fall than some analysts had foreseen. Earnings per share were HK52.22
        Bloomberg  -  190 words
    • INTERNATIONAL COMPANIES
      • 313 19 Only rates and forex units now await consolidation, likely to be within 4 weeks Bloomberg [HONGKONG] Union Bank of Switzerland (ÜBS) and Swiss Bank Corp (SBC) Fired about 20 per cent of their combined corporate finance teams in Asia as
        Bloomberg  -  313 words
      • 300 19 Bloomberg [STAMFORD, Connecticut] Xerox Corp will take a sec-ond-quarter charge of as much as US$l billion (Ssl.6 billion) to cut 11 per cent of its workforce as the office equipment maker moves to reduce expenses, according to a published report. The company is
        Bloomberg  -  300 words
      • 450 19 If it goes public, stock could fetch premium over rivals, say analysts Bloomberg [NEW YORK] Goldman Sachs Group LP could be worth almost US$2O billion (Ss32 billion) if it goes public, a possibility the last big Wall Street partnership is considering for the second time
        Bloomberg  -  450 words
      • 128 19 Bloomberg [CUPERTINO, California] Apple Computer Inc shares rose 7.2 per cent on Tuesday on speculation that the board wiU pressure interim chief executive Steve Jobs to stay on permanently as CEO or leave to make room for a new leader. Apple shares
        Bloomberg  -  128 words
      • 55 19 [SAN FRANCISCO] Alan Borate, president of JavaSoft, delivers his keynote address at the Worldwide Java One Developer Conference on Tuesday. At the show, JavaSoft's business unit announced the Enterprise Javaßeans 1.0 specification, which will make it easier for Apptivity users to create, deploy and manage
        REUTERS  -  55 words
      • 265 19 Bloomberg [NEW YORK] Alcatel Alsthom SA wUI fire another 8,000 people in Europe this year, its final round of job cuts in an effort to reduce costs, said Serge Tchuruk, president and chief executive. The job cuts, from a total 154,000
        Bloomberg  -  265 words
    • FINANCE & COMMODITIES
      • 260 20  -  By I Soh Tiang Keng SINGAPORE's Insurance Ombudsman Bureau handled 15 general insurance cases last year a three-fold jump from 1996. This was also the highest number dealt by the bureau since 1991, when it handled the same number of general insurance disputes. The
        260 words
      • 345 20 Move part of revamp to re-focus on investment banking in western Europe FT [LONDON] ING Barings is to close its London-based equity derivatives business as part of a re-organisation that gives priority to its investment banking activities in western Europe at the expense
        FT  -  345 words
      • 213 20 Bloomberg [NEW YORK] American Express Co (Amex)'s share of credit card purchases rose in 1997 at the expense of some bank cards, said industry newsletter Nilson Report. New York-based American Express saw its market share rise 0.74 percentage point to
        Bloomberg  -  213 words
      • 247 20 Reuters (TOKYO) Japanese government bonds (JGBs) rose in afternoon trading yesterday ahead of an economic government stimulus package expected to be unveiled by the ruling party today, traders said. The yield on the key 182 nd government bond slid to 1.490 per cent. Key June
        Reuters  -  247 words
      • 176 20  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose for the second day as the new record high in the US Nasdaq Composite on Tuesday eased worries over the 30
        176 words
      • 264 20 ENERGY REPORT Reuters [LONDON] Opec oil producers yesterday announced an emergency meeting next week to ratify a historic pact aimed at conjuring price gains on sceptical petroleum markets. The Organisation of the Petroleum Exporting Countries (Opec) said ministers would meet in Vienna on
        Reuters  -  264 words
      • 278 20 AFP London THE US dollar fell back sharply yesterday against a buoyant Japanese yen on fears that the Japanese authorities could be set to intervene heavily in support of the yen in the run up to next Tuesday's Japanese fiscal year end, dealers and analysts said. Dealers said
        AFP  -  278 words
      • Article, Illustration
        1232 20 DfTERBAlfK CROSS RATES Mar25 AS C$ tub ECU ffr N Htt Mh Npt* Yen Wow HI HgWilh N S$iH Sfr WT5 BUt Hml B$$ Australia 0.949 6.178 0.617 4.107 1.226 5.193 26.487 56.502 0.869 9.303 2.440 1.*****.742 24.933 1075 1335 0.999 ***** ***** 0.401 0.670 Canada 1.053 5.861 0.650 4.326
        1,232 words
    • 1743 21 2725 RUIKi (Marts dosing at SJOpa) RSS1 CONTRACTUS ctntsAq) CtoM VolWM Open tout* High Low Sett (tonnes) Interest Apr 99 ittJO i&OO fliOO 300 »0 May 98 113.50 113.50 113.50 50 2100 *198 116.75 3450 Jti/Sap 98 123.00 4245 Octfto 9* 129.00 5475 Jan/Mar 99 ***** 133.75 133.75
      1,743 words
    • 2259 21 LONDON Indntrtals —a ftace *h 31 Group *****0 *1.000 AB Ports 377.000 3.000 Abbey National 1179.000 14.000 Allied Oomecq 566.400 -13.600 Amec 154.000 2.600 Asda Croup 199.200 -1.800 BAT tad 625.400 -14.600 BG Pic 317.600 0.600 BICC 147.000 1.000 BOC Group 1012.000 13.000 BR Petroleum 894.000 -10.000
      2,259 words
    • 1641 21 Bloomberg QNikka22S +5U6 JAPANESE stocks were mixed yesterday as banks fell on pessimism that prospects for economic recovery remain gloomy while exporters rose on expected buying by public pension funds. Banks and steelmakers tumbled on signs the ruling party is not likely to abandon its deficit-cutting agenda in order
      Bloomberg  -  1,641 words
    • Article, Illustration
      1543 22 Bloomberg FlHangSeag *166.20 HONGKONG'S benchmark Hang Seng Index rose to a five-month high, amid optimism China's move to cut interest rates reflects its determination to boost economic growth. Jingwei Textile Machinery Co Ltd and other mainland companies paced the gains. "It gives a signal to the market that what
      Bloomberg  -  1,543 words
    • Article, Illustration
      619 22 Reuters n Shenzhen B Index -OJS SHENZHEN'S A and B share indices closed lower yesterday despite news that China's central bank had cut its state bank interest rates and reformed its state bank reserve system, analysts said. The hard currency B Share Index dropped 0.15 point, or 0.16 per
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  619 words
    • 333 22 AFP QWPlnfcx +233J0 TAIWAN stocks rose 2.7 per cent yesterday, buoyed by overnight gains on Wall Street, dealers said. Sentiment was boosted by rallies on Wall Street and the absence of negative leads, said Stanley Hsu of Core Pacific Securities Co Ltd. The Taiwan Stock Exchange Weighted Price Index
      AFP  -  333 words
    • Article, Illustration
      673 22 AFP P Composite Index +2A4 JAKARTA shares closed 0.5 per cent higher yesterday amid renewed foreign buying in selected stocks, dealers said. "A couple of the foreigners had large buy orders," a dealer with a major local brokerage said. The Jakarta Stock Exchange Composite Index was up 2.44 points
      AFP  -  673 words
    • Article, Illustration
      797 22 AFP □set Index -1020 THAI stocks fell sharply by 2 per cent amid selling in the energy sector and continued uncertainties over expected new provisioning rules for commercial banks here. Analysts said the announcement of an offering of new shares by the giant staterun Petroleum Authority of Thailand Exploration
      AFP  -  797 words
    • 272 22 AFP P| Manila +&36 PHILIPPINE share prices closed 0.3 per cent higher at the end of a roller-coaster trading day yesterday. The Philippine Stock Exchange Composite Index rose 6.36 points to 2,311.42. Volume fell to 1.82 billion shares worth 1.31 billion pesos from 5.33 billion shares worth 2.36 billon
      AFP  -  272 words
    • 368 22 AFP H Composite Intel +L7l SHARE prices closed mixed in modest trade on the Korea Stock Exchange yesterday as foreign investors and institutions took profits amid a lack of fresh leads, dealers said. The Composite Index, however, ended in positive territory on a technical rebound after three sessions of
      AFP  -  368 words
    • 593 22 AFP Q All Ordinaries -10.4 THE imminent expiry of quarterly equity options caused falls in major stocks yesterday, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, dropped 10.4 points to 2,781.6. The All Industrials Index fell 21.6 points to 4,782.3 while the All Resources Index
      AFP  -  593 words
    • 261 22 AFP □Wellington *2112 NEW Zealand stocks closed up one per cent yesterday amid expectations that current high interest rates may slide. The NZSE-40 Index was up 24.12 points to 2,339.65 on turnover of NZ5123.8 million. "There's been a lot of attention focused on Telecom Corp internationally," a dealer said.
      AFP  -  261 words
    • KUALA LUMPUR STOCK MARKET
      • 8513 23 INDUSTRIALS Consumer products 1998 Last Vol Day Nat Cap mi Low Ca—MT Sala 'OOP Wg> Law w!I 310 180 Ajinomoto 270 -6 I 270 270 15.0 109.4 148 73 Angkasa 118 -1 39 120 118 2.7 174.0 290 123 Apollo Food Mtg 216 6.3 86.4 388 190 Berjaya Land 374
        8,513 words
      • 391 23 AFP M Compositelndex +4iS9 MALAYSIA'S key stock index closed 0.7 per cent higher in thin but volatile trade yesterday as Malaysia revised growth Figures and announced new measures which drew a muted response from investors, dealers said. "Trading was rangebound with some expectations of
        AFP  -  391 words
    • WARRANTS & OPTIONS
      • 3702 24 MMDS. LOANS ft VAMAMTS m ianM Last Vol Day Lait Ouott Avg Mtgh Lm Stno Company *ar- (OOO) Mtgh Low Buyar Sallar Prka 6S 9 m 3000 m AM08 c5.5******6 18 J? 3 81 8 3160 *Acar ******1 USS 15.S *1 7 15.5 15 15 15.5 131 8.5 3164 Acma
        3,702 words
      • 184 24  -  WARRANT WATCH i, we U -Ry R Sivanithy IT'S BEEN some time since we featured one of our favourite "sell" recommendations the warrants issued by Malaysian property firm Country Heights. The instrument has collapsed almost beyond recognition when last we featured it. Country
        184 words
    • 2344 24 Transaction date Mar 25 iialaysiaii INT/N LMt Val Day Last Ouota Otv Wv J* »at NCl» M>» Law Stwa Campany m COOP) M>» Law Buyar Mj» CV P/I *i« 478 28 mt 5000 AISBSOc 104 *2 345 105 101 103 104 SO 33 U 416 106.7 137 12.5
      2,344 words
    • 6531 25 Transaction date Mar 25 Cr Of M Wt 1WT/M Last V* Dav LMt Quota Dlv W» YM Na« C *J *"J Hm> L— »«W c»w»«r fan rOOO) HN> Law Buyr 8—f Cw —W* INOUSTttAiS 157 18.5 1020 ACE Dynamic$60c... 37 *2 485 38.5 33.5
      6,531 words
    • 1206 25 6r Or M art 1997/98 Last Val Or* LMt Owata Ota W» YM Ml Cap A»« f»> l— «m> ci»>w> m» coop) mm* u» Nh w> cr W <— ww 186 76 a 2000 ABR Hldqs 5c 117 *6 56 118 HI T16 118 3.0 6.0 0.1 *7.1 52.0
      1,206 words
    • STOCK EXCHANGE OF SINGAPORE
      • 218 26 Stocks Volume Easyknit HWOc 31,126.000 IPC Corpn 5c 24,487,000 •MBf Capital 18,664,000 •Uniphoenix 13,383,000 Asia FoodS Prop 11,855,000 Nippecraft 10c 10,669,000 Aztech 5« 9,888,000 PCI 25c 9,166,000 rteshe Hldqs25c 8,974,000 Samudera 10c 8.313,000 Stocks A •MBf Capital 13.788.560 •Unipboenix 13.403,885 FSH 13.367.728 DBS Foreign 11,487,434 SPH 10.846.457 Partway H 50c
        218 words
      • 703 26  -  STOCK MARKET COMMENTARY Dealer notes that market rally shows retail players still very much interested, institutions still keen to be invested in S'pore By R Sivanithy [SINGAPORE] A rebound in blue chips after a three-day correction; takeover speculation; a swing of funds to Sesdaq and
        703 words
      • Article, Illustration
        70 26  -  -by Shiv Taneja EASYKNIT International Holdings closed 0.4 HK cents higher yesterday at 10.4 HK cents on a volume of 31.13 million shares, compared with its 10-day traded average of 6.43 million shares. In the near term, the counter will trade sideways, though in the longer term, the
        70 words
      • ON THE GRAPEVINE
        • 54 26 IMF staff members are active punters in the financial markets. And the Washington grapevine has it that many of them—and World Bank staff too— are long on East Asian stocks, especially in the countries worst hit by the economic crisis. Now, what do these people
          54 words
        • 106 26 WE ARE told to watch out for the pricing of Thai Farmers Bank's secondary offering of shares today and response to a roadshow tomorrow for the Republic of Korea's US$3 billion (514.8 billion) bond issue. The latter, a global issue, is the first offering by
          106 words
        • 138 26 HERE is a real stinker of a story. According to news agency AFP, a man accused of stealing gas cookers threw human excreta at a police officer in a Colombo Magistrate's Court but missed the target and hit a ceiling fan. The court was immediately adjourned for
          138 words
        • 95 26 CHARTIST David Fuller, in his latest newsletter, sounds a cautionary word about Wall Street, which has repeatedly hit record heights recently. "How will it end? Probably in the conventional manner due to rising interest rates. If so, the preconditions for monetary tightening are not yet in sight
          95 words
        • 110 26 HONGKONG chief executive Tung Chee Hwa has repeatedly pledged to Hongkongers that he will stand up to Beijing and fight for their interests. But apparently, he finds it easier to stand up to the master up north than stand before the "aggressive Hongkong press". At Tuesday's Hongkong
          110 words
        • 103 26 IT SEEMS that Emas, the Land Transport Authority's expressway monitoring system "for a smoother ride", can sometimes have quite the opposite effect. There was an instance one Tuesday morning when it flashed a warning of a broken-down vehicle, slowing traffic down to a crawL But the car in
          103 words
  • Page 15 Advertisements
    • 62 15 tiU r >> .v Tjjv property finance FROM SINGAPORE. c For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval IV {U- *>' V
      62 words

  • Page 16 Advertisements
    • 145 16 Eton House PRESCHOOL A member of Wetheby Group lil^BVifl^^H House is the ideal learninggroun^b^ou^^^^ELiJwCT^^SSSSß^^ child. We offer a quality environment, with highly qualified teaching professionals, both local and expatriate, who bring the best of both worlds to this truly multinational school. Here, your child will receive a well-rounded education, a
      145 words

  • Page 17 Advertisements
    • 153 17 S Eyeca re Presbyopia and Glaucoma centre Total Solution In Eyecare OyC"CIICCKS I MY* at Specialist Eyecare Centre Promotion valid till 30 April 1998 As you advance beyond 40, your eyes will naturally strain to read the newspaper, view a car's dashboard or work on the computer. This is a
      153 words

  • Page 18 Advertisements
    • 1332 18 C/O ft/0 t&tU>£& t O ft* 3S" &%G3t 9P£ 3fa e 3 /-N I 1 to &~he {People &ept*6lic (Pf BANGLADESH H.E.Ms.SHEIKH HASINA BANt ADhSH massive development programs in a coordinated manner. But the Father of the Nation was brutally killed along with the family National Da l<^e^en^enCe to undertake
      1,332 words
    • 573 18 FOREIGN INVESTMENT The Government of Bangladesh has a clear and well-defined economic policy geared to promote foreign investment. Private investment is now welcome in all but five sectors, which are restricted on strategic grounds. There are no restrictions on the amount of foreign investment. Foreign investors may own up to
      573 words
    • 498 18 EXPORT DEVELOPMENT Bangladesh has come thus far in expanding its export trade, and in recent years growth has accelerated. There is no reason to believe this trend will not continue. Although the rate of export growth is satisfactory, the Government feels that its base is too narrow, and the Export
      498 words

  • Page 19 Advertisements
    • 1495 19 Southern Bank Berhad (Incorporated in Malaysia) (5303-W) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 The Directors are pleased to announce the audited results of the Bank and the Group for the year ended 31 December 1997 as follows:The Bank The Croup RESULTS Financial turmoil during the second-half of
      1,495 words

  • Page 20 Advertisements
    • 147 20 TheßusinessTimes SINQAPOm* PREMIERES -.A 1 mm IjSaff WMft W Hn K jk VI BP kfll P It jB n Watch this space as your prize unravels. V •.<■:»•■?«>'»r=9- aat> i *«««<«*»* K The Business Times, your business daily, now brings you the latest from Bvlgari Parfums. Get to know The
      147 words
    • 11 20 The Straits Times Classified 1 Where buyers I p sellers CATS.
      11 words


  • Page 22 Advertisements
    • 74 22 C.AXSjS; f Wow! v/ I'd like to place an A buyer llovethiscar Ifi advertisement to J I the very I I that I found sell my car...^^fc|^. next day. I through J I V The Straits Times y ■■1 room Classified. Buyinfi or selling throufih Jm W Br mt I
      74 words


  • Page 24 Advertisements
    • 34 24 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. x the citi never sleeps Branches at I Shenton Way 268 Orchard Road 21 Jurong East St 13 w
      34 words

  • Page 25 Advertisements
    • 144 25 When youie in the hustness «< nuking connections throughout the Kasu-m fSA. Northwest in the airline fcw t' H OU BecauMr Wl, > K addition of daily flight* to Minneapolis St Paul and IVtnrw. we n<»» hring unrivaled THESE DAYS SINGAPORE AND THE U.S. SHARE EASY, w« »<-* «*»»~r***E-«* *"M^pp.
      144 words

  • Page 26 Advertisements
    • 711 26 BUSINESS Notices ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Conference Room 2, 79 Robinson Road, #30-00 CPF Building, Singapore *****7 at 3.00 p.m. on 13 April 1998.
      711 words
    • 450 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BESTONE PRINTING PTE LTD (MEMBERS VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of BESTONE PRINTING PTE LTD. duly convened and held at 5001 Beach Road. *04-11 Golden Mile Complex.Singapore *****8.0n the 25th day
      450 words
    • 700 26 To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. And C-TECH ELECTRONICS PTE LTD (In Member! Voluntary Liquidation! At an Extraordinary General Meeting of the abovenamed compan) Ally convened and held at 30 Jalan Sultan *21-04 Jalan Sultan Centre Singapore *****4 on 16th day of
      700 words

  • SHIPPING TIMES
    • 310 27 Bridge News Renter THERE was some activity evident for Panamaxes trading from Argentina or Brazil, but rates remained weak, brokers said. North Atlantic trading was minimal for these sizes, particularly from the US Gulf. Atlantic Capesize rates were described as dire. Light volume at 93 lots in a
      Bridge News; Renter  -  310 words
    • 263 27 ma n *h nt CWTOtstnMtM—OS4 -0.04 40 OnmiH* 0.355 *0.055 228 Cosco Wl—I 0.77 anctl 243 FrMfMLMt 0.399 *04» *79 CBHoMnqt 0 385 *0449 2*5 Hat Sun Hup 046 *0.035 57B NNacMZMM 0.94 *OJOS 3T75 IMC HoMMfi HK 540 JpypHal—» 0.61 *004 150 Juronq SMpyard 7.80 unch 82
      263 words
    • 486 27  -  SDIGAPORT 4k SDOON W Prospects for this year though remain bleak: Ocean Shipping By. Marcus Hand [SINGAPORE] Short sea container trades in Asia, particularly hit by the regional economic crisis, are set for a recovery in the next two years,
      486 words
    • 74 27 [SINGAPORE] Visitors and delegates to the SingaPort '96 exhibition and conference at stands put up by the ports of Taiwan yesterday. Over 450companiesfrom 30 countries are taking part in thefour-day show billed as the premier gathering of the maritime community in Asia. A Logistics Asia forum
      CHRIS LOH  -  74 words
    • 645 27  -  MEWBUXLDS By: David Hughes JUST a few months ago it was almost impossible to find a shipowner willing to order in South Korea. The country's economic turmoil had frightened them off. Gradually confidence has returned and the major Korean yards are again
      645 words
    • 402 27  -  By Felix Chan [SINGAPORE] To cater for the future requirements of global ports, a Dutch consortium led by ECT and the Port of Rotterdam is looking into a new terminal design which will be able to turn around new-generation 8,000-TEU ships in a
      402 words
    • 192 27 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) will step up controls on the quality of bunker sold in the port to maintain Singapore's position as the world's top bunkering centre. MPA director (port division) Captain Khong Shen Ping said yesterday: "We will introduce
      192 words
    • 795 28  -  LOGISTICS Companies forming close strategic partnerships with other participants in the field stand to add most value Ihj Jan Lyngdam Airlines and shipping lines, barge operators, train operators, trucking companies, warehouse operators, freight forwarders, integrators, terminal operators, port/airport authorities and many, many more are all vital ingredients
      795 words
    • 241 28 PAGE ECl 5 ACL 9 M AMI 3 EtWopian 6 Accord 8 Euroh4W 6 Appensftip 5 Exp Orient M Astro 3 E»«rgr*e« 6 Austral 9 FoongSun S BSA 7 GUnk 4 Batamindo 7 Gemartrans 8 Bayswater 8 <*»*« B'tangMas 8 HaiSunHup 8 CCMI
      241 words
    • 25064 36 THEBU SINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number A To BELAWAN (BLW) 2047 Sumatra, Indonesia To ABU DHABI/ ST JOHNS (AUH) 2004 I 28/03 31/03 ACL KOTA SURIA
      25,064 words
    • SHIPS IN PORT
      • 852 41 Vts»< Voy Mo Brth Arrtwl Dtpirtur* Jara*| Part toWKini 113* JK alongwM iUVNN K P* *0795 ****** JOI *a*6Srt* 2603/0130 KN 1* 035m JOI «on«w» 2101/0*00 0*1Baya 04/9* JOS 24 01/0600 a Ofhk*r27 i JM MonpxM 20.01/1700 F|a 36 0302*6 J02 »tw«ruOt 25 01/2000 G (xprass 302/96 JU
        852 words
      • 2006 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/St la net Rstls Ship Voy No Etb/Btr Ptrtod From To From 4a Ultc M2I 27/235* U 25/1500 25£4M 25/W00 25/1500 25/1451 25/mp 24 25/1700 until 26/0900 21 25/1700 24/0*51 2 VOW I 24/0700 24/HM 24/MOO 4 24/1200 24/MM 24/1700
        2,006 words
      • 208 41 Apr I Hong Kong: Ching Ming Festival. Apr 7 Brunei: Hari Ray a HaJi. Malaysia: Hari Raya Haji. Apr 0 Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr 10 Australia: Good Friday. Canada: Good Friday. Denmark: Good Friday. Finland: Good Friday. Germany: Good Friday. Hong Kong: Good Friday. Indonesia:
        208 words
      • 927 41 THIS report, complied by Cockett Marine OU Ltd. show* price ranges in US dollars instead of single price* for a more comprehensive description of the market Prices shown are based on average-sited stem Market movements are indicated The Cockett Bunker Price Indei change and the Individual
        927 words
      • 454 41 Cw*«i <80 Mi« 993.5 2.0 15.8 0.31 72 0.09 Hi 12 DxnJIf Wittr Rtiidut Art Alu«»inlu«| No *ow £25 5 2 1 .J 1 r—T- 380 Aw 964.6 0.4 14.2 0.06 26 0.02 ■5 380 Mil 992.3 1.0 19.9 0.M 64 0.06 IWW »M/M »M/M —Wi
        454 words
    • AIR & LAND TRANSPORT NEWS
      • 442 42  -  Airline signed separate bilateral deals with United and Lufthansa earlier this month By] Felix Chan [SINGAPORE] If the various discussions currently being held are any indication of things to come, several Asian carriers look set to join the Star Alliance or
        AFP  -  442 words
      • 305 42 Bloomberg [WASHINGTON] Boeing Co was fined US$l4O,OOO (*****,000) for failing to adequately inspect 140 shipments of fasteners, the US Federal Aviation Administration said. Boeing workers at the company's Renton, Washington plant failed on Dec 17 and 18, 1996, to properly inspect the parts and record
        Bloomberg  -  305 words
      • 49 42 [HONGKONG] A fireman hoses down the burnt out remains of a container which exploded in the Hongkong district of Tuen Mun. The container exploded while carrying a load of motorcycles, ripping out the rear door and top of the container and injuring the driver. REUTERS
        REUTERS  -  49 words
      • 504 42 Bloomberg [OMAHA, Nebraska] Union Pacific Railroad said it will bar most freight traffic to Mexico in an attempt to ease a year-long backlog that has clogged its already overburdened rail system. The ban, effective on Saturday, will
        Bloomberg  -  504 words
      • 588 42 INQUIRY DITO KAL CRASH AT GUAM Probe aims to find oat why a pilot would fly a perfectly good aircraft into ground Reuters [HONOLULU] The US National Transportation Safety Board (NTSB) opened a threeday hearing into the crash of a Korean Air
        Reuters  -  588 words
      • 52 42 [MUNICH] The Al-2 aluminium concept vehicle by German car manufacturer Audi is presented to the media by Audi AG chairman of the board Franz-Josef Paefgen. Mr Paefgen had earlier announced the company's annual turnover figures, with increased pre-tax profits up 29per cent to 1.112 billion Deutschemarks (*****.9
        AFP  -  52 words
      • 1717 42 an mat? ro nn era w> wm mm a> AMM BATJ81 1930 BA7J82 2050 ftMwf S09f9 1730 S0990 WB orw 1930 0F82 2050 GMM<lko«P«C SO0O3 1910 C2352 0835 »229 2210 C2353 2035 $0604 1025 Amtwtoa *1843 0550 KL638 2335 NMmPVC CZ3097 2010 °J2! HmoI ****** 1310
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  • Page 27 Advertisements
    • 22 27 logistics: Excelling through alliances Companies forming close strategic partnerships with other participants in the field stand to add most value. Page 2
      22 words
    • 240 27 ANA to join Stan Tjifthansa Airline signed separate bilateral deals with United and Lufthansa earl v h is month. Baok Page miss the best business opportunities in the Moritime Industry. See the latest maritime technologies and services, covering every sector of the maritime industry. 9ut fan- tAtac Discuss your specific
      240 words

  • Page 28 Advertisements
    • 704 28 [StHOAPOffE COASV |~1 |«Ut> KARA wssn I VOT I OM I y«N I MA 1 LA ISM VlSsa VOT JU DMN MM KM COI MW SM —«/u wo «/n n/n nm ISUPtB SHI/rTtBIXPMM J PtOHOUOnMUHUM 341 U/tJ IJ/W u/l] N/u um nm YISSB. VOYAG! Id SIM UM Sz i PtONBMMAI
      704 words
    • 630 28 /fijjjSv Unas services representee Members o» the bVMemCerserftheAegtsfya< SingaporeFrwQf*Forwarders Accredited Shipping Agents GjMtf Association Singapore Sh*jp«g Associaton £runi3JV3 UpingTimesOnline Just talk to us... •IrisLim 740-2044 'Jarred Leong 740-2089 This is the first of a two-part series on the logistics business. The writer is director, sales A marketing of Kuehne Nagel
      630 words

  • Page 29 Advertisements
    • 1044 29 I SAX SERVICE (DIRECT) vcsa voy sun* ux oak pai hou o< ax at* «i nyc APIJAOt 0011 11/03 26/03 31/03 31/03 01/04 01/0* 01/0* 01/0* M/ 0« J*]** Aft GAIT OOlt 11/03 02/04 07/04 07/04 08/04 06/04 08/04 01/04 09/04 09/04_ NOHWOUOBE 015* 25/03 11/04 14/04 14/04 15/04 15/04
      1,044 words
    • 1682 29 I HANJIN SHIPPING HAMJM SHIPPING 5) PTI LIB kmm i** MOBW *****35 737 SALES *****24 231 DOCUMBII 33*0371 274 OKUTWG 37M741 752 MAM UK *****55 ft* 277WW a MO: 1153*******1 I TO NW USA A CANADA USA CANADA* mva/vor mm sm uni haul/vot 1 w» mi w |o< msp pit
      1,682 words
    • 108 29 A 1 ORIENT EXPRESS UNES (U.K.) LIMITED ygS. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTIj_ VESSEL VOY SINGAPORE MMHAY VESSEL VOY BQMIAY SINGAPORE OOCL ADMIRAL 015 01/04 10/04 SINAR TQ6A 225 15/03 27/03 KEDAH 014 03/04 12/04 OOCL ADMIRAL 014 18/03 30/03 LEERORT 312 05/04 15/04 KEDAH 013
      108 words

  • Page 30 Advertisements
    • 1343 30 DSR SENATOR LINES TO UWCOWIINENT TO RED SEA/M^riiiJvRANEAN/CANADA vroti I vor mm ieh mtm mm mm Iwv m »tua Jm_ Hs_ hnummosc worn n» n* mjb mm "M «m 155! 55 i!m mm smISSS US o« pusamibmtor WWI4 n.n 17.M iim mm n.M mm bn w*»wotow«* **«i 7 mm a-JJMJJ
      1,343 words
    • 1164 30 MY L—INtE VML '"'•"i* l Web htt P "*w*yTT<lcom.tw MlliM** *<%.\* ARRIVAL FIXED daytuesoay VESSEL VOV LEH FXT HAM AMR HFA SM MING GLORY ABO6E SLD SID SLD SIO SLD 31/03 MING MOON ABO 7 SLD SLO SLD SLD SLD 07/04 DOVER BRIDGE *808 SLD SLD SLD SLD 31/03 14AM
      1,164 words
    • 483 30 »IJESSELTON LINE ay TILx *****56 Mlb ISIIIII MUARA l^BUAjri vissa vor ire iu vissa vor no iw SPOtt MUAIA SPOK UN AmOOtY VOK/M JO/63 02/04 J 1 25£! 2/2 irtosra vo*/w 04/04 07/04 an cum vow/* ot/04 10/04 iwosra vioc/w u/04 u/w t«osw vi*/w m/m u/n rRrKINABALU! 1 KUCHINQ 1
      483 words

  • Page 31 Advertisements
    • 1346 31 I VESSEL VOY I SIN BKK POU PKO PEN BLW I SUB IBA I BIK IRAN SHOUAAT PJL-1271 18/03 26/03 IRAN TEYFOURI PJL-1273 21/03 30/03 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN, KIRGISTAN. TAOZHIKISTAN t GEORGIA VIA B. ABBAS, BIK AGENT
      1,346 words
    • 1810 31 EVERY MONDAY 1 DIRECT 10 JAMA I KOM -7MYS I MWTA MVS I I SINGAPORE'S GINIRAI AGENTS: 6 SHENTON WAY 111: 226 1900 FAX: *****08 OUTWARD (l/l) J^wSw^OHOßEOfFla™"™™™^™ COSTAR SHIPPING PTE LTD #17-08 MS HOG SALES/MGS *****41/43 INWARD DEPT (D/ 0) *****15 COSTAR AGENCIES (M) SDN BND |CR NO: **********041
      1,810 words
    • 578 31 'j r=-, EASTERN CAR UNER, iJD7 «SSr 11 «i I EQ. (SINGAPORE) fll UP 1 SPEQAUZE IN RORO HEAVY UR UPTO 122 TOWS ECI (SWGAFOIE) PTE LTD LOADING FOR CHITTAGONG/CHENNAI SHARJA/JEEEL AU/JEDDAH MV "IB EVERETT'' V.7 MV "SEKI KOCHI" V.126 ETA SIN 26/03/98 ETA CTG 31/03/98 ETA SIM 26/03/98 ETA
      578 words

  • Page 32 Advertisements
    • 1308 32 S6P ROM ANW HOG THP ZEE LHV LHV TOP ROM AIM* HBG PKL SGP E. DECENT RW-OC3 04AM 24*4 20*4 2VM 27/04 20AM 29AM I. GOOOS RE 060 97*3 06*3 88AU IMB 02*4 E. DELUXE RW-002 11/04 01/06 06*6 02*5 04.D5 05,-05 06/05 E. GLEEFUL RE-002 #8/03 10«3 09/03 11*3
      1,308 words
    • 790 32 Carrier. RAN COUTH LINES, NIC I~NV\ 1 8IBU:(064)*****9 MAMLA:(632)*****24 UV x PENANQ: (04)*****36 BANGKOK: (682)*****87 SURABAYA: (31) *****0 P. KELANO: (08) *****77 JKft (21) *****67 MOW: (61) *****3 KUCHNO (082) *****1-3 MANILA 1 GENOA/IE HARVE MV "MARCON" V.803N MV "NORASIA SHARJAH" V.9811 -3 ETA SIN: 29-3-98 ETA SIN: 31 -3-98
      790 words
    • 386 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissa voy sw I rui I puk err i/iay" mummeow ooss 31/03 ovm 13/w \i/w jjjWMWg WIS 05/04-11/04 21/04 W*«m»B»S MB 14/04 23/04 27/04 01/05 04/05 GOLDEW DtAGOW 004S 21/04 30/04 04/05 01/DS lUITOU PtMKKS 021S 30/04 14/05 11/05 jjjjjjMjgfll 027S
      386 words

  • Page 33 Advertisements
    • 545 33 BSA il 1 MA MYANMA wBBk FIVE STAR UNE (MyoHMur Notioaol Line) v Loodiag for Yoagon (Roagooa) vessel vor sw pkg pen pgu AVA 146W SU» PAGAN 2S4W IN PT MAUTSU AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TH 02-03-*****00 PKL- TCI 02-03-*****01 KM: TCI 02-04-*****02 KXh TCI 02-07-*****21/4 BANK LINE (A
      545 words
    • 1170 33 I HYUNDAI I MERCHANT MARINE CO. UP. MY ADMIRAL 312W 24/03 13/04 11/04 15/04 16/04 16/04 HYBAMN 3011 02/03 07/03 84/W OS/M 26/03 NOl TOURMALINE 302W 27/03 17/04 10/04 12/04 14/04 HYEMPBOR 31« 04/03 11/03 10/03 07/03 07/03 10/03 20/03 HYMGHNBS 310W 30/03 IS/03 16/03 11/03 11/03 11/03 21/04 UWK
      1,170 words
    • 879 33 fIV Mm MB nonwjgian ipeoofead ou*ocarnen ÜBfmMtuse* -Q°)§(°]@ mm mmu/v£s TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE* fvissa VOY RAMP HEIGHT SJN LAX (XL [NUA SAV BAL Otf NYC IWWI MM TAPKXA FOO7 400 Tmi 6.3 M 27/03 22/04 01/0S 04/05 06/05 OS/OS 0976T 10/0S IS/0S 16/05 TAMPA FBOB
      879 words

  • Page 34 Advertisements
    • 956 34 SANOKOK/LABM CHABANQ JAKAWTA/PAMJANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATMU BHUM 381NB In Pt 29/03 XETHA BHUM 228S In Pt 28/03 YANTRABHUM 233W 28/03 01/04 XETHA BHUM ***** In Pt 28/03 CHANA BHUM 11N 29/03 01/04 01/04 GURU BHUM' 71S 28/03 31/03 ACX RUBY 18N 29/03
      956 words
    • 463 34 BINTANG MAS SHIPPING PTE. LTD. 30 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX *****64 Kfffl TLX R*****6 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu I I Muam j msa VOY m m m m m IS«no V900«2529/W 02AM J7 21/03 07AM I bra WSO7E 11 12/04 17/04 MM
      463 words
    • 560 34 A ACCORD A SHIPPING PTE LTD TIL *****15 (40 Line*) FAX *****30 KtT tLUtC (03) M 7 1001 /g DIRECT ACCESS TIL *****55 (EXPORT BOOKING) HSU GUDAMG (07) SSI 1J77 *****34 (EXFORT DOC), *****39 (IMPORT) rtMAMG (94) *****44 UtLHTTP://WWW.ACCOHD.COM.SG JMAtTA (71) 444 4770 VAA/ PORT ITA SIM 1 POiT ITA
      560 words

  • Page 35 Advertisements
    • 400 35 INDONESIANATIONAnN^I TO EUROPE *"~1 EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY DAM H BURG BREMEN ANTWERP VESSEL 43W8 27/4 1« OSMT 5/5 TO AUSTRALIA j FULL CONTAINER SERVICE vs. VOY FRE BME SYD 1 MEL I HBA AO. FRE AUSTEHTBWMSE VI3S 02,04 0404 15.04 1704 ?WM »04 VILE KCARLLA VIES 0404 1104
      400 words
    • 1110 35 ADVANCE CONTAINER LINES (PTE) LTD 140 Cecil Street, #12-00. PIL Building. Singapore *****0 —£X I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CRNO **********0E OPERATIONS: *****60 *****05 BANGKOK JAKARTA tweet* sBp PAT/ 2 Sip ICH/1 Slg BMT) VESSEL VOY SIN BKK VlSStt VOY SIN JICT iSL ££o9 29/03 01/S
      1,110 words
    • 967 35 VESSELS VOY JED MLA LEH HAM THP RTM ZEE VILEDEMM4OSA V2SW 31/03 09AM 14/04 19AM 21AH 22/04 23/0* 24/04 \ALLE D 6 TANYA T2SW 06/04 17/04 22/04 26/04 29AM 30/04 30AM 01/06 V>J-E DE TAURUS A2SH 15/04 24AM 29AM 06/06 06/06 06/06 08/06 09*06 VILLE DAOUARIUS U2SW 21AM 29AM 04/06
      967 words



  • Page 38 Advertisements
    • 47 38 To retrieve more schedules, just follow these simple steps... document 740-6000^^^F/^ tep be faxed Select the port Step key in the four 9 number /jy QJ digit code Key in your Example: r—L-i fax number To NEW YORK (NYC) 2275 c„o United States for calls within Singapore
      47 words



  • Page 41 Miscellaneous
    • 138 41 [110E ~^^ps LEGEND: R Thunderstorm Temperature o Q X\ V Shower Weother —S Wind direction with speed m knots Rom > Cloudy Sky Wov Ke, 9 h Surtoco winds or* indicated by arrows which ffy with the wind One full circle represents colm or light ond variable winds One half
      138 words

  • Page 42 Advertisements
    • 58 42 M.V. "LION HEART" V0Y.26 ARRD 21 MARCH 1998 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 27 March 1998 *****200 hours at P9 (NTY's Office). No further survey will be entertained thereafter. As Agents: "K" LINE KINKAI
      58 words