The Business Times, 21 April 1998

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA(P) IKVI2/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, APRIL 21, 1998
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  • 66 1 □sra (-4.76) BT-SRI •2537 (-3.98) BTOOMP UOL2B (-5.69) BTMGA 713.79 (-1.82) ■TVHAIKETIICXMh KJ Mixed STOCK MARKET INDICES Monday Change KLSE COUP 634.29 +5.51 NIKKEI 15,697.10 -6.70 HANQSENQ 11,161.63 __+160Jl SET INDEX 434.37 -4.62 JAKARTA COMP —508.16 +016 MANILA COMP .—2,166.60 19i TAIPEI WPI 8.508.56 -***** SEOUL COMP 436,73
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  • 79 1 FOBEX BATES ust s$ I'SS 1.600 £(US$/S$ per 1.674 1678 DM 1.811 0.884 YKN 1312 UHIIS 3.782 6.423 HKS 7.749 0.206 BA11T 3920 0 041 RUPIAH 8.037 0.020* 'St to lOC until PMME1ATES SINGAPORE* 7 7# KUALA LUMPUR 11.50 JAKARTA 2800 BANGKOK 14 75 MANILA .22.90 HONGKONG 1015 TAIPEI
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  • 440 1  -  PH Goh: Bilateral export-credit insurance scheme being worked oat Reports by Ven Sreenivasan [SINGAPORE] Singapore will use US$3 billion (Ss4.B billion) of the US$5 billion it has already pledged to Jakarta under the IMF rescue package to provide bilateral ex-port-credit insurance
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  • 365 1 Rupiah, baht up but regional stocks torn in weak performance [SINGAPORE] Talk of intervention by the Malaysian central bank yesterday helped cushion the downward pressure on the ringgit. After falling to a five-week low of 3.8250 against the US dollar in
    Source: Dow Jones  -  365 words
  • 390 1 Banks need not consult MAS on such loans, regardless of amount: B6 Lee [SINGAPORE] The Monetary Authority of Singapore (MAS) will revise its regulations to clearly state that banks need not consult the MAS before they lend Singapore dollars to Singaporeans for
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  • 515 1  -  Bnt economists find no cause for cheer, citing weak Sings By Audrey Tan [SINGAPORE] Singapore's non-oil domestic exports rose a better than expected 9.6 per cent in March, but economists still find no cause for cheer in the figures. The bears now outweigh
    Source: TDB  -  515 words
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    • 126 1 prams Downgraded Standard and Poor's (S&P) has cut the foreign currency ratings for Petronas, Telekom Malaysia and Tenaga, but analysts say the downgrade did little damage to the already beaten stockmarket, Pf6 lip of the iceberg The nationwide student protests prompted by Indonesia's economic crisis "are just the tip of
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    • 76 1 Hie face of dock security W j vesm m V —x. n it J 'a^H REUTERS [MELBOURNE] Melbourne policewoman applying sunscreen while on guard duty at East Swanson Dock yesterday. Union members and their supporters are picketing the wharf which is now manned by non-union labour. The situation could worsen
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    • 71 1 Adviaera want USs3b loan fund for Indon SMEs, Pg 6 OOT-linked revenue loss. Dr Hu gives details, Pg 2 June target for MAS real time system, Pg 2 3iW ALFRED DUNHILL LONDON The New Smi\c;/Srii\i»« 199K Tie Collection I urßjj^Bß^S^v vA^r/^jiy^ Mai& JrliSP^HiA A i /*jlA r-" 1 v?/ A
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  • SINGAPORE AT HOME & ABROAD
    • 262 2  -  YESTERDAY IN PARLIAMENT Income, corporate tax cots account for 82% of revenue loss By Wong Wei Kong THE revenue loss of $7.9 billion from the introduction of the Goods and Services Tax for the period fiscal year 1994 to 1997, is computed
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    • IN Brief
      • 76 2 PARLIAMENT yesterday passed the Penal Code (Amendment) Bill 1998, which provides for greater penalties for employers who abuse their domestic maids. Under the amendments, offences such as causing grievous hurt, wrongful confinement and insult of modesty—when inflicted by an employer on a maid— carry 1.5
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      • 93 2 THE Public Utilities Board's geo-physical and hydro-geological investigations on ground water resources reveal that there are no significant underground water sources on the island, Trade and Industry Minister Lee Yock Suan told parliament. He was responding to Hougang MP Low Thia Khiang's question on whether
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      • 67 2 PARLIAMENT also passed the Extradition (Amendment) Bill which enables Singapore to continue the system of extradition with Hongkong. The amendment is necessary as the agreement vis-a-vis Hongkong dates back to when it was a British colony and part of the Commonwealth. The amendment enables the previous
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      • 96 2 THE government is open to suggestions for more incentives for companies to save water and electricity, such as rebates for meeting usage efficiency targets, Trade Industry Minister Lee Yock Suan said yesterday. He was responding to a question from NMP Simon Tay on whether the government would
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      • 87 2 ASEAN environment ministers made further progress at their recent meeting in Brunei in their efforts to address the problem of regional forest fires and haze. The ministers agreed to sub-regional firefighting arrangements under the regional haze action plan to tackle fires in Kalimantan and prevent fires
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      • 79 2 THE fact that more illegal immigrants are arrested does not indicate that security has worsened in Singapore, Home Affairs Minister Wong Kan Seng said. The number of illegal immigrants arrested in March leaped to 2,086, from 431 in January and 644 in February. "The security
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    • 182 2 THE Monetary Authority of Singapore is in the final stages of testing the Real Time Gross Settlement (RTGS) System and may implement it in June this year after reviewing the test results, Deputy Prime Minister Lee Hsien Loong said in a written reply
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    • 301 2  -  Amended Act brings it up-to-date on new technology too By' Ven Sreenivasan PARLIAMENT yesterday approved the Telecommunications Authority of Singapore (Amendment) Bill which will put in place a regulatory framework for fair, effective and sustainable competition ahead of the year 2000 when
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    • 229 2  -  By i Carol Eng THE controversial profit guarantees by four doctors to Sesdaq-listed Asiamatrix do not contravene any existing healthcare laws, nor is approval needed for the transaction, said Health Minister Yeo Cheow Tong yesterday. But the Ministry of Health will conduct more
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    • 295 2  -  EYE ON THE ECONOMY Jobs By] Frances Lui THE volume of newspaper job advertisements fell for the fifth straight month in March, down a whopping 51 per cent compared to the same period last year. The slide began last November when ad volume slid
      Source: SPH  -  295 words
    • 366 2  -  Confidence in almost all Asian countries eroded by turmoil By- Audrey Tan THE financial crisis has eroded confidence in almost all Asian countries, but Singapore is still rated as the least risky economy, a Political and Economic Risk Consultancy (Perc) report shows. Singapore
      Source: PERC  -  366 words
    • 167 2 NEW York-listed medical devices maker Becton Dickinson and Company's recent acquisition of the global business of Ohmeda Medical Devices Division (OMDD) will boost its total investment in Singapore by 35 per cent to US$l35 million (*****.9 million), says a senior Becton official. The acquisition
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    • 524 2  -  But some issues have to be resolved before new suite of functions takes off By' Teh Hooi Ling MOTOROLA, the world's leading pager manufacturer, 1s aggressively selling a whole suite of new pager functions to operators in Asia and is confident some of these new
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  • Page 3 Advertisements
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      164 words

  • FOCUS: PROPERTY
    • 533 4  -  Two bills to lift restrictions on foreign ownership will probably be squashed due to strong resentment against them By Bruce Cheesman [BANGKOK] MOVES to expand overseas ownership of property in Thailand have hit further snags with the Ministry of the Interior trying to recall two
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    • 556 4 Many face closure as they wait for rates to be cat: analysts AFX-Asia [BANGKOK] The survival of Thai property companies is at stake in the current economic climate, and in particular its very high interest rates, with the sector likely to be completely
      AFX-Asia; FILE PHOTO  -  556 words
    • 633 4  -  Property auctions coming up Knight Frank Thursday, Apr 23 (2-30pm) at Grand Plaza Hotel, Ballroom II Residential: 34 Bayshore Rd, 23-02 The Bayshore apt 3+1,1,249 sq ft/99 yrs wef 1993* 1 Jin Kuala, 2002 The MomingskJe: maisonette 2,799 sq fMR-P* 2 Kim Yam Rd, 03-03 Riviera Point:
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  • Page 5 Advertisements
    • 27 5 Evefjt6am A Service of NBC Dow Jones f(^ C C •«<"•« h «,.<UM« o« chMMt IS rf S C«fcU *.<«,. F* «ll Sin,. per, CaM. Vt.to, at 171 01U.
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  • MARKETS IN TURMOIL
    • 352 6 USslob in new capital needed, but modest recovery possible next year Reuters [KUALA LUMPUR] About one fifth of Malaysia's bank loans are in default, and the financial system needs about US$lO billion (5516.0 billion) in new capital to restore its health,
      Reuters  -  352 words
    • 489 6  -  PECC fears possible worsening of Indonesian economy By' Yang Razali Kassim [SINGAPORE] An Asia-Pacif-ic grouping of business advisers, fearing an eruption of unrest in Indonesia within the next three to six months, has proposed an emergency US$3 billion (Ss4.B billion) working
      489 words
    • 104 6 AFP [JAKARTA] The economic crisis that has hit Indonesia since last year, compounded by mismanagement, has forced 1,500 of the country's 2,000 real estate developers to close down, a report said yesterday. Housing Minister Akbar Tanjung said of the 2,000 real estate developers in operation
      AFP  -  104 words
    • 480 6  -  Petronas, Telekom, Tenaga downgraded but with little effect on the market From Ruth Wong in Kuala Lumpur CREDIT rating agency Standard and Poor's (S&P) has cut the foreign currency rating for Petroliam Nasional Bhd (Petronas), Telekom Malaysia Bhd and Tenaga Nasional
      480 words
    • 534 6 Group says protesters command wide support AFP [JAKARTA] The nationwide student protests prompted by Indonesia's economic crisis "are just the tip of the iceberg" and command wide support throughout the country, local economists warned yesterday. "Indonesia is in a
      AFP  -  534 words
    • 293 6 Reuters AFP [BANGKOK] Thailand's Deputy Prime Minister Supachai Panitchpakdi said yesterday that he has asked the Bank of Thailand to map out a plan quickly to solve liquidity problems facing the hard-hit industrial sector. Mr Supachai told reporters after a weekly economic
      Reuters; AFP  -  293 words
    • 483 6  -  Rise fails to dampen concerns over stalled economic recovery From, Jennifer Veale in Seoul SOUTH Korea's usable foreign exchange reserves have reached US$3O.3 billion (5548.4 billion) as of April 17, matching the reserves held before last year's economic crisis, but failing to
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    • 196 6 AFP (SEOUL] A US fund has agreed to take over bankrupt Dongsuh Securities Co, the first foreign acquisition of a South Korean financial institution this year, company officials said yesterday. "A formal contract will be signed soon between Dongsuh and Horizon Holdings Ltd," Dongsuh's
      AFP  -  196 words
  • Page 6 Advertisements
    • 268 6 Recapitalising lWa'i banks, Editorial, Pg 11 The Certified Diploma ISffiP In Accounting And Finance (CDAF) Tncfifiifo nf (Awarded by the Association of Chartered IUMIUm; 01 Certified Accountants, U.K.) Certified a development programme pyjjjjp FOR EXECUTIVES/MANAGERS Arrnuntanfc The CDAF is a P° st raduate qualification offered by the Association r\ttUUiilalita of
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  • REGION
    • 482 7  -  Unemployment near 10-yr high; HKs3olm put up for retraining Tsang to lead talks on job creation Frorn Loh Hui Yin in Hongkong AS THE ranks of jobless Hongkongers swell, the government has asked Financial Secretary Donald Tsang to step up
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    • 359 7 SHANGHAI Mainland most stable in region, says China Vice-Premier Reuters CHINA's Vice-Premier Qian Qichen has called on Taiwan businessmen to put their money in mainland China, saying it was the most stable market in a region buffeted by financial crisis. Mr Qian, a veteran foreign policy
      Reuters  -  359 words
    • 463 7  -  Launder alleged to have accepted bribes worth over HKs4om 15 years ago From Quak Hiang Whai in Hongkong IN its second swoop in less than a week. Hongkong's Independent Commission Against Corruption (ICAC) yesterday took a former top investment banker to court for allegedly accepting
      AFP  -  463 words
    • 258 7 TAIPEI It's upbeat about its chances of becoming an observer of group's trade panel AFP TAIWAN has made a step forward in joining the Organisation for Economic Cooperation and Development (OECD) despite China's efforts to prevent its membership, officials said yesterday. "We
      AFP  -  258 words
    • 153 7 BANGKOK AFP THAILAND'S Foreign Minister Surin Pitsuwan yesterday called for further investigations to help prove the cause of death of former Khmer Rouge tyrant Pol Pot despite his cremation. The feared former supremo whom the rebels, Thai government and military say died
      AFP  -  153 words
    • 185 7 SHANGHAI AFP THE chief economist of China's State Statistical Bureau has predicted the country's gross domestic product (GDP) might grow 8.3 per cent this year on the strength of first quarter growth, Xinhua news agency reported yesterday. The report quoted Qiu Xiaohua
      AFP  -  185 words
    • 658 7  -  LETTER FROM HONGKONG These are tough times for dealers, analysts in the region Bu Quak Hiang Whai TWO broker friends will leave town soon. The first a Singaporean who arrived last August found the going too tough. The young man had landed in Hongkong when the
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    • 219 8 NEWDELHI AFP INDIAN Prime Minister Atal Behari Vajpayee yesterday sacked his communications minister to defuse a political crisis threatening his new coalition government, an aide of the premier said. He said a letter recommending the removal of Communications Minister Buta Singh from Mr Vajpayee's
      AFP  -  219 words
    • 465 8  -  Sharp drop fans deflation fears; BOJ admits strong downward pressure From Anthony Rowley in Tokyo JAPAN wholesale prices for the first 10 days of April dropped by a sharp 2.1 per cent compared with a year earlier, the Bank of Japan disclosed
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    • 151 8 TOKYO AFP JAPAN'S trade surplus in March climbed 56.5 per cent from a year earlier with imports showing a double-digit fall for the second straight month, officials said yesterday. The March trade surplus was 1.25 trillion yen (5515.12 billion), in line with analysts' forecasts,
      AFP  -  151 words
    • 46 8 (BANGLADESH] Women supporters of the main opposition Bangladesh Nationalist Party demonstrating with lanterns on Sunday in Dhaka near the Dhaka Electric Supply Authority's office. Bangladesh is facing a shortage of3oo-500 mega watts of power supply daily and this has provoked criticism and protests. AFP
      AFP  -  46 words
    • 561 8  -  LETTER FROM SEOUL They hope it isnt a case of vendetta politics By Jennifer Veale SOUTH Koreans don't know what to think right now as a sweeping probe gets under way into who caused the economic crisis which almost forced the nation
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    • 206 8 SEOUL AFP A SOUTH Korean court yesterday sentenced the jailed head of the bankrupt Hanbo Group to another one and a half years in prison for doling out kickbacks to politicians in return for favours. An official at the Seoul District Court said the
      AFP  -  206 words
    • 374 8 SYDNEY Think-tank sees gap surging to 'banana republic' levels AFP AUSTRALIA'S current account deficit will return to "banana republic" levels forcing interest rates up amid rising import demand and falling exports to Asia, a leading economic forecaster warned yesterday. Prime Minister John Howard
      AFP  -  374 words
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  • Page 9 Advertisements
    • 68 9 AIA has just been assigned the highest 'AAA' rating by Standard ft Poor's, the world's leading credit f /v rating agency. This makes AIA the only Asia-based life insurance company to receive this rating. l TH« symbol of financial strength. recognition of AlA't financial atrength. If a alao one mo«
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  • THE WORLD
    • 386 10 PARIS Both threaten to veto other nominees for presidency if theirs is rejected Bloomberg, Reuters THE European Union appears headed towards a full-blown diplomatic row after France and the Netherlands hardened their positions yesterday over the presidency of the
      Bloomberg,; Reuters  -  386 words
    • 286 10  -  From Neil Behrmann in London ASIAN direct investment in the UK has virtually come to a halt and the cutbacks threaten to cause 100,000 job losses in Britain in the coming decade, according to a preliminary study. Business Strategies, a London-based forecasting
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    • 432 10  - UK exports slump on strong Asian crisis Bat imports from Asia up only slightly, trade figures show From Neil Behrmann in London TRADE statistics confirm that the Asian economic downturn and massive appreciation of sterling have badly damaged British exports to the region. On the other hand, British imports from
      432 words
    • 263 10 WASHINGTON Bloomberg THE US Treasury dismissed a magazine report that Secretary Robert Rubin may resign after a meeting of leaders of the Group of Seven (G-7) industrial nations in the UK in May "The rumours are not true," a Treasury spokesman
      Bloomberg  -  263 words
    • WORLD Watch
      • 72 10 Bloomberg {FRANKFURT] German unemployment is expected to fall from post World War II records, the Bundesbank said, as it found more evidence that a genuine economic recovery, powered by the car industry, is taking hold in western Germany. Unemployment fell in March for
        Bloomberg  -  72 words
      • 74 10 Reuters [MOSCOW] Russia, the world's biggest arms exporter after the US, plans to sell US$3.5 billion (555.6 billion) worth of arms in 1998, US$l billion more than last year. Interfax news agency yesterday quoted the general director of Rosvooruzheniye, the Russian export sales
        Reuters  -  74 words
      • 48 10 AFP [FRIEDRICHSHAFEN, Germany] Visitors to the Consumer Fair 180 here participating over the weekend in "Human Table Soccer", a game usually played in a totally different size. The players are bound from their hands to a horizontal pole while struggling to score goals.
        AFP  -  48 words
      • 69 10 AFP [MOSCOW] The Kremlin stressed yesterday that Russia will not cede its territorial claim to the Kuril islands despite friendly gestures from Japan at weekend talks, Interfax reported. The news agency quoted Sergei Yastrzhembsky, spokesman for President Boris Yeltsin as saying: "The Russian
        AFP  -  69 words
      • 77 10 Reuters [GAZA] Palestinian President Yasser Arafat told Britain's Tony Blair yesterday that he is ready to go to London to discuss US proposals to break the deadlock in peace talks with Israel, British and Palestinian officials said. Ahmed Abdel-Rahman, general-secretary to the Palestinian
        Reuters  -  77 words
      • 74 10 Reuters [KUWAIT] Kuwait said yesterday it could turn the entire state into a free trade zone as part of long-awaited plans to liberalise the economy and open it to foreign investments. Prime Minister Sheikh Saad al-Abdulla al-Sabah promised to "adopt structural reforms needed
        Reuters  -  74 words
  • Page 10 Advertisements
    • 351 10 BUSINESS Notices To advertise call toll-free 1800-741 1883 i i f HVT ASIA WTU LTD A (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50 that the Final Meeting of the members of the abovenamed Company will be held at 2
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    • 224 10 1 I Sourcing Event I I *»"*ASIAN INTERNATIONAL I I CM FT FAIRS?" I The 9th Asian International Trade Showcase for Consumer Products I A9AN NHRNATIONAL ASIAN NIHNATIONAL I I Handicraft Stationery fair™ I The sth Asian International Trade Showcase The sth Asian International Trade Showcase for for Handicraft Products
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  • EDITORIAL & OPINION
    • 779 11  -  THB BOTTOMLDIE OPINION By Susan Tsang Susan Tsang is a freelance writer who contributed this article to Business Times. Thefilm festival is on now to May 2 IN acting, less is more, but in art, diversity results in a richer scene. Which is why events
      779 words
    • 102 11 'Precedents of government support for the financial system, and close ties between the political and business elites, indicate that the public sector may shoulder a sizable portion of the burden.' Credit rating agency Standard 4 Poor's explaining why it cut ratings for Malaysia's debt. 'We are not
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    • 626 11 EDITORIAL THERE can be no clearer signal that Malaysia must boost the health of its banks and finance companies than the series of corporate collapses and high-profile restructuring exercises announced this month Clearly, a corporate shakeout is underway. The cause is no surprise: Malaysia has one of
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    • 963 11  -  The fnnd's decision to 'advise' Tokyo in public is a disturbing sign By. Anthony Rowley The writer is BT's Tokyo correspondent "NEVER let in light upon magic," warned the great British statesman Walter Bagehot and if the International Monetary Fund had heeded his
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    • 885 11 Bank margßn and pontics IT WAS nervy of Citicorp nd Travelers to announce the biggest merger in corporate history even though current federal law would prevent the deal from being carried out in ML Both institutions exuded confidence that Congress would change the Depres-sion-era banking laws
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  • Page 11 Miscellaneous
    • 30 11 DOOMESBURY By Garry Trudeau 2L?JP I WHICH SENPSMZ INTO A H&u/W imTATfON.AN-f £^L r ANY VPS f I I SHAAfe SPIRAL, 0&CAUS& I «0WfiWj SH^ ol w£p]r- I'M RUNNING M
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  • EXECUTIVE LIFESTYLE
    • 968 12  -  Ex-Beatle's wife and photographer hit by cancer. KOZXNN reports ALLAN KOZINN NYT LINDA Eastman McCartney, the wife of former Beatle Paul McCartney and a photographer whose portraits of 1960s rock stars have become classics, died on Friday in Santa Barbara, California, where the McCartneys had
      NYT; REUTERS  -  968 words
    • 620 12 PERSONALITY Nobel laureate Octavio Paz, 84, was also an incisive political essayist Reuters [MEXICO CITY] Nobel laureate Octavio Paz, who died on Sunday at the age of 84, was not only one of Mexico's finest poets but also an incisive political essayist and outspoken critic
      Reuters; FILE PHOTO  -  620 words
    • 624 12  -  THEATRE Balls! features three men who try to relive their golden youth by going for football match in KL By! Susan Tsang [SINGAPORE] Balls! is a play that looks at three fellows, who are having trouble dealing with adult life,
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 736 13 TV&RADIO Premier© 12 6.00 News 5 Today Followed Prime 12 By Wheel of Fortune. 9.00 AMCDIS. m .T^ 0 S 'it 6>3 The Pyramid Game. 10.00 TV Shopping Network. 4.00 kidz Blitz. Alf Tales 11. 7.00 News 5At Seven. LOO PM TV Innovations. 4.30 Lassie s Rescue Rang- 7.30 Boston
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    • 170 13 CRYPTIC CROSSWORD 4 False incentive to take prom- —BH—HH__ issory notes (8) j J son Crusoe? (8) 23 No mountainous regions proone sees (3-2-3) 29 Bird's place includes new tree wild (6) YESTERDAY'S SOLUTION (6) 9 Spirited march goes on, DOWN though this is gravely decay- R^GL^TmAMP^smM^NI 1 Retreat as
      170 words

  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 529 15  -  Regional turmoil; listing of HE, M'sian units; US loss cited as reasons for fall By] Louis Beckerling [SINGAPORE] CSA Holdings reported a 56 per cent drop in 1997 net earnings to $6.4 million just over half of analysts' consensus forecast for the computer
      529 words
    • 117 15 Bernama [KUALA LUMPUR] The DRBHicom Group, which is signing five memoranda of understanding (MOUs) with foreign defence companies at the Defence Services Asia at the Mines Resort near here today, is now in the forefront of Malaysia's efforts to develop its indigenous defence industry, said
      Bernama  -  117 words
    • 313 15  -  By] Louis Beckerling [SINGAPORE] Times Publishing yesterday unveiled sharply lower than expected interim results and warned as well that it will not match last year's second-half earnings. Net earnings for the halfyear to Feb 28 were down a little more than
      313 words
    • 756 15  -  HOCK LOCK SIEW Catherine Ong THE tender results for Singapore's fixed-line and mobile phone licences could be announced as early as this Friday, according to industry speculation. Officials from the five companies vying for a maximum of two fixedline and two
      756 words
    • 193 15 [SINGAPORE] CAM International Holdings has given up control of an aeroponics subsidiary. selling 2 per cent of the unit to its partner. Consolidated Plantations (Consplant). The company said yesterday that it sold 240,000 AeroGreen Technology shares, of $1 par. to Consplant subsidiary Sime
      193 words
    • 278 15  -  Major shareholder Edwin Soeryadjaya takes over Conrad Raj (SINGAPORE) In a move that has been expected for some weeks now. President Suharto's son, Bambang Trihatmodjo, resigned as chairman and director of engineering firm L&M Group Investments Ltd. He was replaced by the group's new
      278 words
    • 189 15 Bloomberg (SINGAPORE) Singapore Press Holdings Ltd shares rose 3 per cent amid speculation the newspaper publisher is well positioned to ride out South-east Asia's economic crisis. The stock rose 50 cents to $17.20. "It's an extremely defensive stock with strong cash flow and
      Bloomberg  -  189 words
    • REGIONAL COMPANIES
      • 422 16  -  US firm's investment dearly signals confidence in country: president From. Ruth Wong in Kuala Lumpur BOSTON-based John Hancock International Holdings has raised its stake in Malay-sian-listed John Hancock Life Insurance (Malaysia) Bhd to 42.2 per cent from 32.5 per
        422 words
      • 438 16 AFP [BANGKOK] Thailand's largest commercial bank, Bangkok Bank pic, said yesterday that its first-quarter net profit crashed 98.5 per cent from a year earlier due to a conservative provisioning policy. Bangkok Bank said in a statement that unaudited net profits after
        AFP  -  438 words
      • 523 16 Many counters have potential to doable in 12 months' time Reuters [KUALA LUMPUR) Investors should ignore the key Kuala Lumpur Stock Exchange Composite Index and instead focus on individual stocks based on their medium-term cash flow and asset quality. Bankers Trust
        Reuters  -  523 words
      • 630 16 Only a matter of time before China controls vital areas: analysts Bloomberg [HONGKONG] Whisper "China". and some Cathay Pacific Airways Ltd shareholders hear "takeover". Cathay stock yesterday staged its biggest rally since February amid speculation that companies backed by Beijing may
        Bloomberg  -  630 words
      • 262 16 Reuters [KUALA LUMPUR] Malaysia's Commerce Asset-Hold-ing Bhd and Bankers Trust yesterday launched three unit trust funds, which are expected to benefit from asset prices cheapened by a regional economic crisis. Commerce-BT Unit Trust Management Bhd chief executive Jason Yetton said the
        Reuters  -  262 words
      • 105 16 Bloomberg [MANILA] Rizal Commercial Banking Corp said it reached agreement to buy 99.6 per cent of Capitol Development Bank, the second takeover this year in a Philippine banking industry hit by the Asian currency crisis. RCBC, the Philippines' ninth-largest bank, did not disclose a
        Bloomberg  -  105 words
    • COMPANIES
      • 312 17 Ford Motor Credit says low interest rates a major factor in size, timing of sale Bloomberg [DEARBORN, Michigan] Ford Motor Credit Co, the world's biggest automotive financier, plans to raise US$2.5 billion (Ss4 billion) this week in its biggest ever
        Bloomberg  -  312 words
      • 246 17 IPO values the company at between £L4b and £1.7b Bloomberg [LONDON] Thomson Travel Group, Britain's biggest seller of package holidays, said its initial public offering will value the company at between £1.4 billion (553.7 billion) and £1.7 billion. The company,
        Bloomberg  -  246 words
      • 324 17 Bloomberg [NEW YORKJ AT&T Corp said first-quarter profit rose as the largest US phone company slashed costs. AT&T said first-quarter profit from continuing operations before charges rose to 77 US cents a diluted share from 67 US cents a year earlier.
        Bloomberg  -  324 words
      • 265 17 Bloomberg [TOKYO] Nissan Motor's shares fell 9 per cent, its biggest one-day drop in 15 months, after the company said its net profit fell an estimated 79 per cent last year. Shares in Japan's second largest carmaker plunged 44 yen
        Bloomberg; Source: Bloomberg  -  265 words
      • 116 17 Bloomberg [PARIS] Christian Dior SA, the French fashions and luxury goods company, said first-quarter sales fell 5.8 per cent as slowing economies in Asia cut into revenue at its LVMH Moet Hennessy Louis Vuitton SA unit. Christian Dior, which owns 41.7 per cent of LVMH,
        Bloomberg  -  116 words
      • 414 17 Deal will create world's largest paint and coatings maker Bloomberg [AMSTERDAM] Akzo Nobel NV said it agreed to buy UKbased Courtaulds pic in an offer valued at £1.83 billion (554.9 billion) in cash, creating the world's largest maker of paint and coatings. The
        Bloomberg  -  414 words
      • 349 17 Bloomberg [SYDNEY] News Corp said yesterday it will buy 38 per cent of PLD Telekom Inc from London-based Cable and Wireless pic. PLD, a Nasdaq-listed company, provides telecommunications services and products in the former Soviet Union. In a statement News Corp also
        Bloomberg  -  349 words
    • FINANCE & COMMODITIES
      • 341 18  -  Property, motor, health insurance seen hit by rise in drought, floods and storms: report By I Soh Tiang Keng [SINGAPORE] Property, motor and health insurance in this region and other parts of the world are likely to be hit by an increase
        AFP  -  341 words
      • 265 18 Bloomberg [SEOUL] Korea Exchange Bank, one of South Korea's big seven commercial banks, said it is in talks with foreign banks to sell about 300 billion won (*****.2 million) of new shares to bolster its capital. Discussions are taking place with
        Bloomberg  -  265 words
      • 89 18 Reuters [LONDON] Fidelity Investments, part of the world's leading fund management group, is to convert 20 of its unit trusts into a £5.6 billion (5515.2 billion) open-ended investment company (OEIC), the Financial Times said yesterday. OEICs, a hybrid investment vehicle recently introduced into the
        Reuters  -  89 words
      • 458 18 Mntnal fond only one operated solely by a property investment and research firm Bloomberg [CHICAGO] Security Capital Group Inc plans to open its re-al-estate mutual fund to the public, giving investors another way to put their money alongside that of famed
        Bloomberg  -  458 words
      • 370 18 Talk of merger overcomes Asian impact concerns Reuters [SYDNEY] Australian banks are back in investor favour with talk of more rationalisation after the mega-mergers in the United States that have overshadowed concern about the impact of the Asian crisis on the sector. Local bank stocks
        Reuters  -  370 words
      • 256 18 Bloomberg (TOKYO] Goldman Sachs Co bought the beneficiary rights to Yamato Mutual Life Insurance Co's downtown Tokyo headquarters and will resell them as securities in Japan's first such securitisation of prime real estate, a Goldman spokesman said yesterday. The transaction, which the
        Bloomberg  -  256 words
      • 211 18 SXMEX Report Reuters [SINGAPORE) Simex Euroyen and Japanese government bond futures (JGBs) rose yesterday after a Bank of Japan report suggested Japan might be on a deflationary tract. The BOJ report said the wholesale price index fell 2.1 per cent in the first 10
        Reuters  -  211 words
      • 151 18  -  IBWI TAIWAN FUTURES Cecilia Loh service dealer, Refco Singapore Pte Ltd {SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract tumbled 10.80 points as the stock index tumbled, unable to sustain its rally on Saturday. The AprU '98 futures traded towards more than eight points
        151 words
      • 293 18 ENERGY REPORT Reuters [LONDON) Petroleum prices tiptoed higher yesterday as traders read oil market tealeaves for signs that prices are on the upturn. Benchmark Brent blend for June loading on the London futures exchange was up 15 cents by 1543 GMT at
        Reuters  -  293 words
      • 277 18 Reuters AFP London THE dollar was higher versus the yen in afternoon Europe yesterday having spent most of the European trading session confined in a tight range, while the mark was up against sterling, traders said. With the threat of dollar/yen intervention hanging over the market and no
        Reuters; AFP  -  277 words
      • Article, Illustration
        1214 18 PnTRBAwicioSS RATES C$KtECU Ffr !>■ «8 Mh Hpti> Yw W tU MZS Nfc fa Ewo Imt S»r HT* »*t Hmt IBS 923 HI? 591 1926 1171 5.010 25.623 ***** 0.855 8.945 2.445 1167 28.674 ?4A9? 1Q?4 1 764 Q p v* >« aw A^T jjj*** 5.812 0.640 4.251 1268 5.425
        1,214 words
    • COMMODITY PRICES
      • 1720 19 SXCOM FUTURES Apr 20 RUMCR (Mam cleunq *s *t 5.30pa) RSS 1 CONTRACTS ctnts/kg) CIom Volume Open Month High Law Sett (towns) Interest May 98 119.00 2050 J«" 98 119.75 1750 J* 98 ***** 2865 Aufl 98 124.25 1665 Sep 98 126.00 1665 Oct/Dcc 98 130.50 130.50 130.50 75 4650
        1,720 words
      • 1621 19 Bloomberg D Nikkei 228 4.70 JAPANESE stocks were little changed, after falling for two days, as foreign investors sold carmakers on concern that profit momentum is slowing. Builders rose on a report the government may expand tax breaks for new homeowners. Nissan Motor Co declined after the carmaker estimated
        Bloomberg  -  1,621 words
      • 2296 19 LONDON Mistrials A»r20 h«tl 31 Group 598.400 12.400 AB Ports 358.400 0.400 Abbey National 1184.000 1.250 Allied Domecq 620.000 3.600 Am* 164.000 -1.000 Asda Group 211.200 -2.200 BAT Wd 569.400 11.000 8G Ptc 304.200 3.200 8ICC 155.000 -1.400 BOC Group 954.400 I.OOO BR Petroleum 885.400 1.400 BTR
        2,296 words
    • Article, Illustration
      1558 20 Bloomberg "Hang Seng +150.31 STOCKS rose for the first time in four days, led by property developers following bet-ter-than-expected prices at a land sale late last week an indication the territory's property slump may be bottoming out. Sun Hung Kai Properties Ltd and other real estate companies gained 2.1
      Bloomberg  -  1,558 words
    • Article, Illustration
      633 20 Reuters n Shenzhen B Index -OJ2 CHINA'S hard currency B shares lost ground yesterday with confidence stung by another round of dismal profits by B share companies, brokers said. Domestic institutions stepped in to prop up prices but the buying was insufficient to turn sentiment around. "Poor results by
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  633 words
    • 347 20 AFP QWP Index -217.38 TAIWAN stocks tumbled 2.5 per cent yesterday led by strong selling of technology issues to reflect a possible slow season for the hi-tech sector in the second quarter, dealers said. "Since the second quarter performance is usually worse than the first one in electronics sector,
      AFP  -  347 words
    • 265 20 AFP Wellington *BJ3 STOCKS rose 0.4 per cent yesterday on modest turnover. The NZSE-40 Index gained 8.93 points to 2.326.79 on turnover of NZ980.1 million. Telecom Corp dominated the trade with its main stock up one cent NZ$B.B4 and instalment receipts down one cent at NZ$5.l7. AFP *r» I'M
      AFP  -  265 words
    • Article, Illustration
      861 20 AFP n SET Index -4.62 THAI stocks closed yesterday down one per cent as financial issues fell victim to prof-it-taking. dealers said. Concerns over tight liquidity and high interest rates saw finance counters picked out by profit-takers as Thailand's largest commercial bank. Bangkok Bank pic, reported a crash in
      AFP  -  861 words
    • 442 20 AFP n Composite Index -5J6 SHARE prices closed 1.4 per cent lower yesterday for the fourth straight decline as market sentiment remained weak due to concerns over labour unrest, dealers said. "There are still worries that problems with the labour unions are not settled and it could get worse
      AFP  -  442 words
    • 615 20 AFP All Ordinaries +5.00 AUSTRALIAN share prices rose 0.2 per cent yesterday in quiet trade. The All Ordinaries Index gained Ave points to 2,872.5. National turnover totalled 246.7 million shares worth A 5660.81 million with falling stocks outnumbering advancers 601 to 524. The All Industrials Index rose 6.6 points
      AFP  -  615 words
    • Article, Illustration
      707 20 AFP P Composite Index +0.26 SHARES closed slightly higher yesterday although most investors stayed out on concerns over an increase of interest rates on central Bank Indonesia certificates (SBIs), dealers said. "Why should you invest in stocks if the government raises SBI rates to 60 per cent? I think
      AFP  -  707 words
    • 346 20 AFP Manila -115 PHILIPPINE share prices closed 0.9 per cent lower yesterday due to uncertainty over the May presidential elections and interest rates as well as the regional crisis. The Composite Index fell 19.5 points to settle at 2,156.60. Volume fell to 1.33 billion shares worth 980 million pesos
      AFP  -  346 words
    • KUALA LUMPUR STOCK MARKET
      • 8817 21 INDUSTRIALS Consumer products IMS Last Vol Day Net Cap M0I Law Company Sato 'OOP Htqll L— P/E )mN 310 180 Aiinomoto 251 13.8 101.7 148 73 Anqkasa 88 -2 3 88 88 2.0 129 8 290 123 Apollo Food Hlq 167 3 38 169 162 4 9 66 8 388
        8,817 words
      • 414 21 AFP |3 Composite Index +5.51 MALAYSIAN shares closed 0.9 per cent higher yesterday in quiet trade after late buying interest from foreign funds reversed earlier losses. The Composite Index rose 5.51 points to end at 634.29, off the day's low of 622 points. One
        AFP  -  414 words
    • WARRANTS & OPTIONS
      • 3466 22 BONOS, LOANS t WARRANTS an IMS Last vol Day Lnt Oust* Ava H"J1 Low St no Company SM ♦ar- COOO) High Low Buyor Mtar Prfco 23.5 9 m 3000 m AMOB C5 5H*****6 13.5 -4 5 136 13.5 13.5 13 14 20.5 8 3160 »Acar ******1 US$ M *2 1
        3,466 words
      • 189 22  -  WARRANT WATCH By\ R Sivanithy AS we've pointed out often in the past few months, low-priced warrants abound here and in the Malaysian market. Sifting through these instruments to find value is a difficult task, especially given that the risks in a fragile market environment
        189 words
    • 2309 22 Transaction date Apr 20 MALAYSIAN STOCKS Or Qr L*t Vol 0»V LaatOMta Mr Dk W M M Cap High Low Stno Company Sate (*000) Law ■nyr Mhr O P/t t*m 135 28 m$ 5000 AIS850C 73.5 -15 282 74.5 72 72 73.5 5.0 X] U 30 6 714
      2,309 words
    • 6848 23 Transact! n date: Apr 20 j Or Or M Wt '♦98 Lu( Vol Day Last Oust* OW Dl* VM Nat Cap Avg High Law StHo Company Sala ('000) High Law Buyer Sallar C'vr P/E $mM Prka INDUSTRIALS 43 18.5 a 1020 ACE Dynamics60c 27.5
      6,848 words
    • 1216 23 Gr Cr M Wt *99* Last Vol Day L«t Ouota 0«v (Mv VM Nat Cap Ava HH> L— StWa Ci—iay COOP) HM» far mtft lair Cvr P/t $a— Prlca 134 92 a 2000 ABRMIdgsSc 104 100 104 46.3 105 243 76 a 2049 AS Auto Kk 182 -1 82
      1,216 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        60 24  -  -by Shiv Taneja PARKWAY Holdings closed 14 cents lower yesterday at $3.14 on a volume of 2.25 million shares, compared with its 10-day traded average of 393,800 units. In the near term, there could be some buying interest, but the medium-term outlook for this counter is negative, according
        60 words
      • 225 24 Stacks Volume •Refcapadfic Bh 7,151,000 *MBf Capital 6,222,000 Uraco HldqslOc 5,459,000 DBS Foreign 5,405,000 SingTel 15c 5,335,000 •Renong Bhd 50c 4,621,000 •M Resources 4,259,000 •Uniphoenix 4,200,000 DBS FR 3,802,000 UOB Foreign 3,545,000 Stocks DBS Foreign 56,913,517 SPH 32,063,236 UOB Foreign 25,852,490 OCBC Foreign 25,628,282 SIA Foreign 14,619,008 SingTel 15c 13,884,540
        225 words
      • 673 24  -  STOCK MARKET COMMENTARY EL shares seen as getting boost from futures short-covering and in for possible technical rebound By R Sivanithy [SINGAPORE] The local stock market displayed its unease with the lingering currency uncertainties and the health of the Malaysian
        673 words
      • ON THE GRAPEVIME
        • 115 24 CENTRAL bankers are seldom greeted with cat-calls and whistles, with the exception perhaps of Bank Indonesia managing director Miranda Gultom. Dressed in a striking red jacket, Ms Gultom received the star treatment from local journalists at a press conference in Jakarta last week. She was puzzled with all
          115 words
        • 82 24 THE proof of the eating is in the pudding, they say. With a pack of newspaper and television cameramen prodding them on, the top two honchos at Aqua Gen a desalination start-up in which ST Marine has a stake had to pose for numerous shots drinking desalinated water straight
          82 words
        • 81 24 COMMERCIAL properties may be in the dumps in Singapore and elsewhere in in Asia, but in the United States they have been on a roll, judging from rental figures compiled by Deutsche Morgan Grenfell recently. The hottest is San Francisco, where rentals increased on average by
          81 words
        • 94 24 If your company has zillions of bytes of "classified data" sitting in millions of dollars worth of "mission-critical systems", wouldn't you love to have a software that not just alerts you if and when your system is hacked into, but also what the hacker
          94 words
        • 176 24 IT was calculated to embarrass President Bill Clinton but he knew how to handle it. So when a mischievous Chilean journalist handed him a copy of the Kama Sutra, the American president, after glancing at a couple embracing on its cover, promptly gave
          REUTERS  -  176 words
  • Page 15 Advertisements
    • 276 15 T: k access Intranet Phillip's On-line Electronic Mart System I I trade shares like a Pro Now featuring a friendly and familiar web-browser format. POEMS gives you j 24-hour access to comprehensive share trading services. Offering up-to-the- second market updates, information and analyses. POEMS-On-lntranet gives Cal 531 1555 or fox
      276 words

  • Page 16 Advertisements
    • 350 16 This announcement appears as a matter of record only LINDETEVES-JACOBERG LIMITED (Incorporated in the Republic of Singapore) 5540,859,250 PLACEMENT OF 14,800,000 NEW SHARES AND 11,225,000 EXISTING SHARES AT 551.57 PER SHARE Bookrunner and Lead Manager INGAI) BARINGS April 1998 By Keith G. Emuang ISBN 961-04-0022-5 Paperback 15 x 22 cm.
      350 words
    • 129 16 A tribute to all secretaries in Singapore from v She's given you her level best all year round, and now it's her week Why not celebrate Secretaries' Week at JP Bastiani? Treat her to a lavish Mediterranean spread, with specialities such as Rack of Lamb. Poached Salmon in White Wine
      129 words
    • 89 16 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      89 words

  • Page 17 Advertisements
    • 21 17 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132
      21 words
    • 142 17 lifflyil lv I Cathay Pacific SB LL'iIMEZZSH TftEK,«?iVEKS PURR-FECT VALUE TO JAKARTA. KlKtBBl First Class Business Class I Both fares inclusive of 2 nights and full American breakfast at the Jakarta Hilton FREE! Z I Swire Group l Flv Cathay Pacific to Jakarta, between 1 Way and 30 June 1995,
      142 words




  • Page 21 Advertisements
    • 96 21 >i/, Zg JaHj Corporate celebrations are opportunities to ICJg 7 have a total communication approach in enhancer W*J j >V i n 9 y° ur company profile to your business ff l f w associates and customers. It may be a grand opening, launching ceremony, company annijjlversary, ISO certification, ground-breaking
      96 words


  • Page 23 Advertisements
    • 42 23 a MLf Wow! "N. A buyer I love this car W™F 1 the very I ha tlfound next day. through j Vroom. Buying or selling through The Straits Times Classified is child's play. Ca U c.a.T.S. at 1800-737-1166. il \J A *i
      42 words

  • Page 24 Advertisements
    • 442 24 NOtlCeS To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Sia Huay Shing of 10 Kew Crescent Singapore *****6, have applied for a Public House Ist Class Liquor Licence in respect of M/s T. Ono Enterprise Pte Ltd (Sanma Tei) located at 82-26 Cuppage Plaza, 5 Keok
      442 words
    • 331 24 NOTICE IS HEREBY GIVEN that, I Mark Fong Kim of Blk 734, Woodlands Circle #10-359 Singapore *****4, have applied lor a Public House First Class Licence in respect of M/s House of Mao Restaurant Pte Ltd located at 51 Telok Ayer Street #03-02 China Square Food Centre Singapore *****, and
      331 words
    • 526 24 In The Matter of The (xnpanics Act Cap. 50 And In The Matter of RANLOD AVIATION SERVICES PTE LTD (In Voluntary Liquidation I MEMBERS' VOLUNTARY WINDING I P At an hitraordinary < iencral Meeting of the Member* of the ahovciuroeil Company July convened and held at 44 Orana Isp Victoria
      526 words
    • 300 24 Standard ft Chartered *****,000,000 Negotiable Floating Rate Singapore Dollar Certificates of Deposit due 18/10/1999 In accordance with the provisions of the abovementioned Certificates of Deposit, notice is hereby given that for the Interest Period from 21 April 1998 inclusive to 21 July 1998 exclusive the Interest Rate applicable to the
      300 words
    • 517 24 IN THE MATTKR OF THE COMPANIES ACT. CAT. 50 AND IN THE MATTER OF GUILIN ESTATES PTE LTD (In Members' Voluntary Liquidation) Al an Ittraordinars General Meeting of the abovcnamedCompany duly convened and held al 2 Havelock Road. #07-07 Apollo Centre, Singapore *****}. on Ihe 20lh day of April 1
      517 words

  • SHIPPING TIMES
    • 322 25 Bridge News, Reuters SOME higher rates have been seen for both handy and Pan&max sized tonnage from east coast South America for April dates and there is the expectation of even higher rates being paid for those April cargoes not yet covered. However, the market seems divided over
      Bridge News,; Reuters  -  322 words
    • 274 25 »m st *h m CWT Distribution 0.68 Chuan Hup 0.495 *0.01 45 Cosco Invastmant 0.00 Fraight Links OJ2 >0.005 51 GBtwMlnqs 0.305 -0.005 6 HaiSunHup 0.585 *0.023 132 Hitachi Zosan 0.715 -0.015 123 IMC MoMnqs HK 5.60 JayaHok*nqs 0.52 Juronq Shipyard _7.80 -0.05 75 KappaiCorp 4.32 -0.12 1586
      274 words
    • 493 25  -  Bat both ports warn of tough times when fall brant of Asian crisis sets in By] Felix Chan [SINGAPORE] The world's two busiest ports put in stellar performances in the first quarter of the year registering robust growth in monthly throughput amid the
      493 words
    • 176 25 [WASHINGTON] The US National Transportation Safety Board (NTSB) appears to have done little to lift the mantle of mystery that has enveloped the July 27, 1996, fire on the Panamanian-flag passenger ship Universe Explorer. Shortly after the incident in Alaskan waters John Hammerschmidt, the board's
      176 words
    • 61 25 [GIBRALTAR] The 115-foot Cable Wireless Adventurer left Gibraltar in its bid to break the world record for a global circumnavigation by a powered vessel. It aims to complete the 26,000 mile journey in less than 80 days and will stop off at 15 ports en route,
      AFP  -  61 words
    • 296 25  -  From Alec Almazan in Manila THE local flagship of the Hongkong-based First Pacific Corp has bailed out ailing domestic shipping line Negros Navigation Corp (Nenaco) with an infusion of 900 million pesos (5537.8 million). In a disclosure filed at the Securities and Exchange
      296 words
    • 456 25 AUSTRALIAN DOCK TURMOIL Patrick wins court order banning picket lines outside Melbourne terminals AFXAsia Bloomberg [SYDNEY] Australian farmers are prepared to try to break a blockade that has halted trade through some of the country's largest container terminals, the National Farmers'
      AFX- Asia; Bloomberg; REUTERS  -  456 words
    • 216 25 Lloyd's List [HONGKONG] THE Suharto government has revealed that state-owned port corporations, Pelabuhan Indonesia (Pelindo) II and 111, are under the spotlight for partial privatisation later this year. The two port operators control around half of Indonesia's 110 ports. The remaining two state port
      Lloyd's List  -  216 words
    • 1111 26  -  PORT STATE CONTROL Inspection of foreign flag vessels visiting national ports is a right step towards eradication of substandard ships Hy_ Fernando Plaza ORT State Control the inspection of foreign flag vessels visiting national ports has been defined as the last safety net in maritime safety.
      1,111 words
    • 255 26 PAGE Djak Lloyd 9 ACL 9 Dongnama 3 ANL 3 ECl 5 Accord 8 Ethiopian 6 Appenship 5 Eurohans 6 It Astro 3 Evergreen 6 Austral 9 FoongSun 8 BSA 7 G Lh Batamindo 7 Gemartrans 8 Bayswater 8 Genshpg 9 B tang
      255 words
    • 25713 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartis#r Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number A 28/04 23/05 Triestino NUOVA GENOVA 0210-018W 65-^*****5 A 01/05 71/05 COSCO FEI HE 0046W MM To ABU DHABI/ ST JOHNS
      25,713 words
    • SHIPS IN PORT
      • 701 39 Voy Mo Berth Arrival Departure "1, Jm 2104/1000 •*»*»>. novowo m M *»N»* MOV2JOO ■ram IKK 51 J8 <ton*ii4* *****1*00 »S221 -5! M.<whoo EMwiTw ??S2! 10 2104/0300 2 IlS 7 SOHfuO, 2104/0110 K W«M J 0W90 JOI HMOS* 20.04/1000 S** *****0 JOI MsnguM 21.04/0 TOO J5****" 1MI JK
        701 words
      • 1651 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofclrxj/fUUnct Bstlj SMp Voy No Etb/Btr Ptrlod From To From Aci OON *****00 U 20/900 20/899 *****0 itvnoo nnm 10/im U 20/1700 {VMM mm 20 20/1700 21/0*99 2V0900 I 2V0700 ***** 2VM00 Na*w2 M2M 21/0400 M 2MN 20/899 M/800 20/1900
        1,651 words
      • 201 39 Ayr 28 New Zealand: Anzac Day. Apr 27 Australia: Anzac Day Holiday. Apr 88 Brunei: Hijrah. Indonesia: Islamic New Year Mu harram. Malaysia. Muharram. Apr as Japan: Greenery Day. Apr SS Finland• May Day Eve. Netherlands: Queen's Day. Marl Austria: Public Holiday. Belgium: Labour Day. China: Labour Day.
        201 words
      • 909 39 THIS report compiled by Cockett Marine OU Ltd. (how* price range* In US dollar* Instead of single price* for a more comprehensive description of the market Price* shown are based on average-siied stem Market movements are Indicated The Cockett Bunker Price Index chant* and the Individual
        909 words
      • 390 39 ISO Mai 988.0 0.7 18.0 0.31 123 0.05 PwmtT »«t*T »ttHw Art Umtmm S««lfnt No «0om £25 0 0 5 0 t 0 JUT 380 Am 985.7 0.3 15.9 0.06 29 0.03 Utm 380 Mu 992.9 2.0 19.6 0.13 62 0.07 M/W3 %M/» m, mm* Ho
        390 words
    • AIR & LAND TRANSPORT NEWS
      • 403 40 Car firms resorting to airfreighting parts to continue production Bloomberg [SYDNEY] Australian auto companies say strife on Australia's docks is threatening supplies of imported cars, and the parts needed to manufacture cars here. Kia Motors Australia, an importer of Korean Kia cars, has cars
        Bloomberg  -  403 words
      • 226 40 AFP [HONGKONG] Hongkongbased flag carrier Cathay Pacific Airways Ltd said yesterday its fortunes had declined in 1998 as the regional crisis bit into passenger loads and revenue. A total of 1.6 million passengers were carried by the airline in the two months to February,
        AFP  -  226 words
      • 339 40 Debate over viability of massive train project lingers AFP [SEOUL] South Korea's first order of French high-speed trains have arrived despite a lingering debate over massive cost overruns and delays caused by the country's financial crisis. Transportation ministry officials said
        AFP; FILE PHOTO  -  339 words
      • 107 40 AFP [SYDNEY] Australian national carrier Qantas Airways Ltd will buy three Boeing 747s from Asian airlines and open up new routes to Zurich and Buenos Aires. Qantas will buy two Boeing 747-400s from Malaysia Airlines and a third from South Korea's Asiana
        AFP  -  107 words
      • 321 40 AMA STRIKE AFP [TOKYO] The pilots' union at Japan's All Nippon Airways Co Ltd said it would halt its 15-day strike "temporarily" ahead of a key holiday break here. The strike on international routes, which began on April 6 and has so
        AFP  -  321 words
      • 1691 40 CITY FUCHT ETA fllGHT ETD AtaDfcaM GA975 1035 WW 1710 ***** 0105 cm* aoo (w0nnc S0003 i*» czm <m> MM 8*7381 1930 IA7302 2055 CZ351 2045 ***** 1020 0f81 1930 0TI2 2055 NmoI VN741 1310 **740 1410 MW BIO **743 1925 Aantartaa S0327 0755 KIS44 0040
        1,691 words
  • Page 25 Advertisements
    • 23 25 Port state control: Crucial maritime safety net Inspection of foreign flag vessels is a right step towards eradication of substandard ships. Page 2
      23 words
    • 464 25 Aussie dock blockage threatens auto imports Car firms resorting to airfreighting parts to continue production. BaokPife Blockade threatens auto imports, Back Page IP he Intertanko Singapore Tanker Event Conference I Exhibition will be held from May 3-7 at the Westin h-4—+—4—4-4 I Stamford and Westin Plaza, Singapore. JcZ/ The four-day
      464 words

  • Page 26 Advertisements
    • 756 26 gggjjgfiHHW infouoncAiJ^ «sa VOYAOE LOO UN VESSII VOY JU OWt IMMI KM I COl IPM UN 00Q japan 23W511 01/04 omr VIUI Of SAGITTA 02WS1S 01/04 SE mV,iOO 041 M/#4 M/#4 /t4 ,#/#4 *> i4 «>" ooa CHINA 23WS1S IJ/04 OMIT** P4O NEDUOYD DAMMAM 25C 01/04 10/04 10/04 17/04 11/14
      756 words
    • 696 26 M.nHnu., \h,h,l, H.uiti,.,. 1.,„J SaUlhli ,-s FOR GREAT WE'VE GOT VALUE IT COVERED CALL FOR A NEW PRICE LIST NOW CALL FOR A NEW PRICE LIST NOW OHOO 783 5133 OR .44 ,278 *****2 783 QR BT^ ITS A SMALL WORLD ITS A SMALL WORLD M.i, /,i nj M, Jul,
      696 words

  • Page 27 Advertisements
    • 988 27 SAX SERVICE (DIRECT) vcsa vorswnAux oak pai hou ch ax mw ah hk API GARNET 0021 29/04 14/05 17/05 18/05 19/05 U/05 19/05 19/05 20/05 20/05 AWTWQUOISt 016f 06/05 21/05 25/05 25/05 26/05 26/05 26/05 26/05 27/05 27/05 mjrm 002! 13/05 2>/os 01/06 01/06 02/06 02/06 02/06 02/06 03/05 03/05
      988 words
    • 1807 27 HANJIN SHIPPING HANJIN SHIPPING (S) PTIITO hup Iwf" cm BOOKING 37(073$ 737 SALR *****74 731 OOCUNEIT *****71 7/4 OftlMKXfi *****41 757 tMM LINE *****55 fU *****40 a*o **********0 M TO NW USA A CANADA USA f ANAPA* hm vu/vor IMMI Ml uni haui/vot 1 I tiw 1 otM j pox
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    • 487 27 IFUiiY CON TAI HI■IIIP D> ■P I< AT P IHVCII msa w_ pkg wt so wt m usn pus »o* Iyo I m m I sSHjicr UIT( IHSAN 004S 10/04 71/04 IOON 72/04 20/ M JO/W 01/ M I £2 |oMblo3t^ MITCPUSAN ***** 74/04 01/05 03/05 QS/05 00/05 rMTf PHllllf.
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  • Page 28 Advertisements
    • 1336 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEANC!ANADA ™tl VOY MM L£H HTM AHH MAM MV FU VtSlll VOY TS™ JED S4T SK FOS VIC MTB TMOf COSMOS WOIM MM IS OS IS 06 MM 15 08 17 OS OSII AMERICA WMS2O 23 04 MM UM MM ISM 17M 24.58 CHOYANG
      1,336 words
    • 1254 28 MY LJNE YML ,nt m t Wefc M>P //www.yml.com.tw A,*HbikXil4i* fk v«J e ABfl Al RXEO y TU€soay «SS£L VOY LEH FXT HAM AMR HFA illl MING STAR ASO9E SLD SLD SLO SLD SLO 21/04 MALACCA BRIOGE ABlof SLO SLO SLD SLD SLD 28/04 MING SUN ABIIE SLD SLD SLD
      1,254 words
    • 419 28 LINE ST J Till *****56 FAXi *****12 MUARA ~j I LABUAN vissa vot rru FT* vissa vor rro n* SfOtl MUARA SFOti UM Amaotr via/M 22/04 25/ M Amaanr vioi/w 22/04 »/04 inova vni/w 21/04 oi/os J-nova viu/* 21/04 02/05 AfttGUNtT VIIE/W 02/05 05/05 APttOOtT VIII/* 02/05 M/ 05 iPtOSW
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  • Page 29 Advertisements
    • 1470 29 VESSEL VQY SIN POU PKO ~PEN BLW SUR PUB BA ~BIK IRAN VOJOAN PJL 1278 10/04 25/04 IRAN GHEYAMAT PJL 1279 23/04 02/05 IRAN VAHDAT PJL 1284 12/05 21/05 22/05 IRAN TAKHTI PJL 1285 19/05 28/05 29/05 IRAN TEYFOURI PJL 1287 26/05 04/05 05/05 I MALACCA QLORY PJL 1285 I
      1,470 words
    • 1076 29 DIRECT SAILING I TO SHANGHAI XINGANG SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) 1COSTAR SNIPPING PTE LTD #iz-08 MSIIOG SAUS/IKGS 4205M1/43 INWARD OEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO; **********0 M TOWER TWO (*****9) CONVENTIONAI *****50/55 T/SHPMT DEPT *****25 TEL
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    • 599 29 EASTERN CAR LINER, LTD/^££,T* |_tj EQ (SINGAPORE) PTE LTD 1 SPECIALIZE IN RORO t HiAVY UFT UPTO 122 TONS ECI (SINGAPORE) PTE 110 LOADING FOR YOKOHAMA OSAKA YANGON CHITTAGONG MV "CORAL HERO" V.6 MV "OCEAN BRAVE" V.B ETA SIN 23/04/98 ETA OSK 02/05/98 ETA SIN 25/04/98 ETA YGN 30/04/98 ETA
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  • Page 30 Advertisements
    • 1314 30 I EUBOPMJK/SCAHOIHAVUWHUUIO/BUSSI/I I SGP ROM ANW HBG THP ZEE LHW LHV THP ROM ANW HBC PKI SGP JOflK RW 001 23/04 16/05 17/05 19/05 E REFINE RE-015 21/03 30/03 20/03 31/03 02/04 27AM 24/04 E ROUND RW-031 25AM 15/05 2005 16/05 14,05 19/05 20/05 E REACH RE Oil 04AM 06/04
      1,314 words
    • 879 30 fc MAC-NELS S PORE M'SIA I Carrier MN CONTR LINES, INC I I l\-/ JCM NO. iaoOB7BOOOO« SIBU:(084) *****9 MANILA: (632) *****24 I PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 I P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUOHNG (082) *****1-3 I MANILA GENOA/ftARCELONA/Li HARVI
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    • 415 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO r MAURITIUS SOUTH AFRICA Vissa I VOT SIN I PUJ I DOR I CPT 11/ tAT GOLDEN DRAGON VOQ4S 71/04 30/04 05/05 01/05 MAMUI fKHICESS VO7IS 30/04 14/05 "17/05 mWUIOUBN VO27S 09/05 17/05 72/05 26/05 29/05 IANUI DRAGON VOO6S 17/05 26/05 30/05 03/0* mifUl
      415 words

  • Page 31 Advertisements
    • 395 31 I BSA mm MYANMA pBBk FIVE STAR LINE (Myaamar National Lint) Loading for Yangon (Rangoon) VISSII VOT SIN PKG PEN PGU PAGAN 254W SU) ■AGO 10IW SU) MALAYSIA AGtNTS: 60USTEAD SHIPPING AWNCIIS KUL TU 02-03-*****00 PKL Til 02-03-*****0! Pl* Til 02-04-*****02 PGO: HI 02-07-*****21/4 BANK LINE (A t«rvi(* of Andrew
      395 words
    • 1190 31 HYUNDAI MERCHANT MARINE CO. LTD. Ivissa VOY S4N SOU UH ATM ANT NAM BRV IE IVtSSB VOY I SOU 104 I 6W> 1 ANT 1 HAM I—V I ffl jj| BM 303W 23/04 11/05 16/05 13/05 14/05 TYM 3041 03/04 04/04 29/03 31/03 21/04 NOl MIS 302W 24/04 15/05 16/05
      1,190 words
    • 1048 31 MB noTMogon ipeaokied outocomeri fi)0)3(Ql(3 mm mmi/A/Es TO NORTH AND LATIN AMERia "*o*o HEAVYUFT SERVICE' J VfSSCL I VOY I RAMP HEIGHT iIN LAX CRL NUA SAV lAL ORF NYC NEW M 0« Italabot f»OT 400 Tom 6.3 M ~oT7m 25/ os ***** o*76TWoTTo7oTn7o*~ TWTW IW~ TAMPERE FBIO 400 Tom
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  • Page 32 Advertisements
    • 726 32 ANOKOK/LAlli CNABANQ JAKARTA/PAN J ANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN KITI BHUM" SON In Pt 24/04 DEJA BHUM 744S in PI 24/04~ 23/04 NANTA BHUM 390N In Pt 25/04 24/04 XETHA BHUM 23QSB 23/04 25/04 SINO OCEAN OCNQ7I 22/04 25/04 XETHA BHUM 230S 23/04 25/04
      726 words
    • 413 32 BINTANG MAS SHIPPING PTE. LIT 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu I Muara VESSEL VOY SIN ffij VtSS{L VOY SIN MM I Sera V9JOBE 75 76/04 01/05 MMe V 9806( 77 73/04 77/04 I Mail
      413 words
    • 844 32 A ACCORD MM SHIPPING PTE LTD Til *****15 (40 Unas) FAX *****30 KMtTKIAMG (03) 3t7 1001 a™ "I OIMCT ACCESS TfL: *****55 (EXPORT BOOKING) fASM GUDAMC (07) SSI 131/ *****34 (EXPORT DOC), *****39 (IMPORT) «MAttC (04) *****4S URL-HTTP://WWW.ACCORD.COM.SG JAKAKTA (21)640 07/0 4 H>KT IT* SIN PORT tMSIN PORT ETA SIN
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  • Page 33 Advertisements
    • 365 33 INDONESIANATIONA^N^I TO EUROPE I EXPRESS SEMI-CONTAINERISED SERVICE "vtt VOY rTpORE IA DAM/ROAM H BURG IRE ME* ANTWERP A VESSEL 43W8 15/05 H/05 "OMIT 23/«5 TO AUSTRALIA FULL CONTAINER SERVICE VS. ¥0T FRi WE SYD MEI HgA API ffll KASUGAI VOBS 2104 2504 BMB OMS IMB IMB 17,® MO MOLLOYD MUSIANE
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    • 1073 33 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil Street *12-00, PIL Building, Singapore *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60 *****05 BANGKOK JAKARTA (Weekly 5 Slgt PAT/2 Slgs LCN/1 Slg BUT) (5 SoI»h»/W>H) "vissa pVOY SM BKK VfSsa VOY I 5j
      1,073 words
    • 828 33 VESSELS I VOY TSN JED I MLA I LEH 1 HAM THP RTM ZEE 1 VM-LE D I AQUARIUS U2SW 21/04 29»D4 04/06 10/05 11/05 13/06 13/06 14A»~~ VLLEDEANTARES L2SW 28/04 06/05 11/06 17/06 18/05 20/05 20K)5 21/06 VW-LE DE VIRGO S2SW 04/06 13/06 18/06 24/06 25/06 27/06 27/06 28/06
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  • Page 36 Advertisements
    • 54 36 To retrieve more schedules, just follow these simple steps... Ste R/^ The document ial 740-6000^^fp/-*^ tep be faxed M p Select the port your e V/w ep nc the our WJohone number Xm 0M digit code Key in your Example: —I—, fax number To NEW YORK (NYC) 2275 for calls
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  • Page 39 Miscellaneous
    • 134 39 LEGEND: R Thunderstorm Temperature V Shower Weother -V Wind direction with speed m knot* ee Rom vj Cloudy Sky Wove height Surface winds are indicated by arrows which Hy with the wind Cl) One tu« circle represents c<Xm or Ught ond variable wmds J__ One holt fleche represents 5 knots
      134 words

  • Page 40 Advertisements
    • 210 40 -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. j Call 740-6000 ?ress "1" key in Document Code iey in fax number Enter your phone number I I sffalogistics mSrm J 2® H9HI I MANAGEMENT COURSE tg-" Efiffl "SKST-. -TSSSr I#/l f-71
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