The Business Times, 23 April 1998

Microfilm: NL21182
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    16 1 THE BUSINESS TIMES VI IT A (P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, APRIL 23, 1998
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  • Article
    MARKET SUMMARY
    66 1 □sni 1,475-52 (-16.82) BT-OU •20.78 (-1.91) STOOHP U74JI (-14.80) BTKGA 606JQ (-12.05) LtaDra STOCK HABXET BtDICES Wednesday Change KL8ECOMP 619.67 -4.31 NTKJCEl 16,***** -64.13 HANG SENG 10,977.47 +921 SET INDEX ***** +1.50 JAKARTA COMP __500.64 +193 MANILA COUP 2,***** +18 TAIPEI WP1 8JS36A1 —+196.31 SEOUL COMP 431.81 -7.40
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  • Article
    FINANCE
    78 1 FOBEX BATES uss s$ CSS 1587 £{US$/S$ per 1.676 1660 DM 1.792 0.886 YEN 130.8 1114* MS 1740 0424 HKS 7.749 0106 BAOT 9910 0.041 RLP1AH 7,960 0.020* St to 100 unta Stto 100 units FUME BATES SINGAPORE* 7.79 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.75 MANILA HONGKONG 1625
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  • Article, Illustration
    Lock icon Indonesia enforces several major IMF reforms
    967 1  -  IMF board will now meetonMay4to discuss release of USs3b in funding From S N Vasuki in Jakarta INDONESIA yesterday signalled its commitment to economic reforms by implementing a series of measures before the target dates set by the International Monetary Fund (IMF). The measures
    AFP  -  967 words
  • Article
    Lock icon Indon students clash with police
    294 1 5,000 students from Pain march on local parliament AFP [JAKARTA] Clashes broke out between Indonesian students and security forces yesterday as thousands again took to the streets to call for political and economic reforms, reports said. Ignoring warnings from the authorities, some 5,000 students from
    AFP  -  294 words
  • Article
    Lock icon Int'l banks face write-offs of up to 70% on Indon loans
    852 1 They may not have much of a choice with most firms in default Bloomberg [JAKARTA] International banks, desperately negotiating to recover money lent to Indonesian companies, may have to write off as much as 70 per cent of what
    Bloomberg  -  852 words
  • Article
    More problem loans surface at Sime Bank
    1104 1  -  From] Meera Tharmaratnam in Kuala Lumpur SIX weeks after the RHB group said it would rescue Sime Bank, no formal agreement has been signed and analysts say the reason is not just for want of funding. Sources say fresh problems have emerged because
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      114 1 PHBDB Developer saves $12m A property developer saved paying about $12m in income tax until the completion of his condominium project after a landmark ruling by the Income Tax Review Board, Pg2 FUUria An Australian court ruled against allowing 1,400 sacked dockers back on to the wharves yesterday, pledging to
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      16 1 Jakarta reveals names of 40 ailing banks, Pg 6 Editorial: Fixing the world's finances, Pg 13
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      123 1 IMOKIA V:£ P. 4? 0 W- f We've found that when H| you put cne and one together MjMk you end up with the world. r S; ,i'r-v V-J They say tha* tcavetli<-.q broadens rr.. >! i *.> 1 It's an exposure to diHeient c nit .•»>*> D "»"> A
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      10 1 RHB'a RMlb share sale to buy Sime Bank, Pg 17
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Developers do not have to pay tax until project completion
      522 2 Landmark rating by Income Tax Review Board should cheer developers The Straits Times A PROPERTY developer does not have to pay income tax based on estimated profits from a project until the completion of the project, the Income Tax Review
      The Straits Times  -  522 words
    • Article
      S'pore not heading for recession: US govt study
      329 2  -  But Asia's resilient Tiger, though strong, will be hit hard By- Audrey Tan SINGAPORE is unlikely to plunge into a recession or face serious unemployment this year, even though it will be hit hard by the regional financial crisis, says a US
      329 words
    • Article
      Retailers' group to take charge of Great S'pore Sale
      291 2 THE Singapore Retailers Association (SRA) is going all out to give the beleaguered retail industry a much needed boost. Organising and managing The Great Singapore Sale for the first time, it has drawn up a packed programme to boost sales. The
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    • Article
      Most companies in survey feel impact of currency crisis
      358 2  -  By l Carol Eng MORE than three-quarters of the companies polled in a survey say the regional currency devaluation has had at least a "medium" impact on business, and almost nine in 10 expect to be hit by the projected weaker
      358 words
    • Article
      Free hands-on IT coaching for factory workers
      244 2 A BUS loaded with IT equipment will be making its way around Singapore, imparting the basics about information technology to factory workers, free of charge. An initiative by the National Computer Board and the National Trades Union Congress (NTUC), the IT Coach a
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    • Article, Illustration
      Lock icon Don't lose heart in downturn, travel industry told
      209 2 THE travel industry must not lose heart during the current downturn but press on towards the aim of making Singapore a tourism capital of the next millennium. President Ong Teng Cheong said last night. Speaking at the opening of Pata Travel Mart
      ARTHUR LEE  -  209 words
    • Article, Illustration
      Lock icon New building contracts halved
      284 2  -  EYE ON THE ECONOMY Construction By\ Diana Oon NEW construction contracts awarded in January and February this year fell by almost half to just over $1.5 billion compared to the same period last year, preliminary figures from the Construction Industry Development Board show. In January, only
      Source: CIDB  -  284 words
    • Article
      Discounts on offer as landed properties come on market
      364 2  -  Waterdale's launch this weekend, Burgundy Hill's soft launch today By Abdul Hadhi WATERBANK Properties is expected to launch its 141unit Garlick Avenue cluster housing project Waterdale this weekend at prices ranging from $1.41 million to $2.37 million after a 10 per
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    • Article
      Corrections and clarifications
      114 2 WE efrwTln our 9tory yesterday headlined "Tourists get back $250 million in GST through agency". The $250 million figure referred to the total in-store sales which generated GST refunds handled by the agency Global Refund. The actual GST refunds amounted to 3 per cent of $250 million.
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    • Article
      Tax breaks for SMEs to protect staff from noise, chemicals
      220 2 A TAX incentive scheme has been launched to help companies, especially small and medium enterprises (SMEs), cover partially the costs of implementing measures to safeguard employees from significant exposure to noise or harmful chemicals. It is expected to benefit over
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      132 2 FOR SALE 'The Most Expensive Car in the World' (Also advertised in Europe, the Middle ft Far East and USA). Unique never to be built again. 'The Diamond Jubilee Aston Martin Volante' This is the only opportunity to own not only this unique vehicle but also to own a piece
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      166 3 Building the Right Global Telecoms Networks Building the right networks is the cornerstone of WorldCom's strategy. B\ Why? Because delivering innovative services, managed end-to-end around the globe is what y customers demand. They want quality telephony services, high speed Internet access, and seamless fibre-optic connectivity with no international capacity Meeting
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon HDB resale market's picking up
      515 4  -  But while transaction volumes are higher, prices have not followed suit By. Abdul Hadhi [SINGAPORE] THE HDB resale market appears to have picked up some steam during the past few months but agents do not report any appreciable rise in prices. Some agents even expect
      FILE PHOTO  -  515 words
    • Article
      Big boys move into HDB market
      452 4  -  Firms like JLW, Knight Frank tack in face of slow private home sales By. Abdul Hadhi [SINGAPORE) Amid sluggish sales in the private residential market, leading property consultancies like Jones Lang Wootton (JLW) and Knight Frank are moving aggressively into the HDB resale market,
      452 words
    • Article
      Industrial property rents, values fall 11%
      303 4  -  Q1 drop biggest since 1996 Q2; slowdown to continue: JLW ny> Jenny Lam [SINGAPORE] Rentals for private industrial space and capital values of industrial properties in Singapore fell 11 per cent in the first three months from the final quarter last year the biggest
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    • Article
      House Hunt
      1072 4 HDB transactions from Mar 16 to Apr 16, 1996 TYPE/ POSTAL TRANSACTION BULT-W PWCE PSf LOCATION DtSTWCT DATE (SOFT) (SJt)00i (SS) 2-Room (Standard) Jtn Batu *****7 08-Apr-98 473 80 169 JnPasarBaru *****1 18-Mar-98 344 85 247 TamanHoSwee *****1 03-Apr-98 441 78 177 Tanglin Halt Rd *****0 03-Apr-98 473
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      242 4 FACTORY ALONG MARSILING ROAD Located at the fringe of Marsiling industrial estate Land area: 120,328 sq ft Floor area: 100,000 sq ft Tenure: HDB leasehold 60 years from Ist September 1974 Land rent: $12 per annum Close proximity to Woodlands MRT station For enquiries, please contact Sole Marketing Agent 320
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      153 4 INDUSTRIAL PROPERTY FOR SALE I YISHUN Built-in 360,000/430,000 sq ft Land area 360,000 sq ft •Tenure 29+30wef 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: DrAmos K0h228 6833 Mr Nicholas Wong22BGBoo Mr Dominic
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      41 4 31 [0 GENUINE LEATHER ORGANIZER FAIR 24TH APRIL 9TH MAT ENJOY A SPECIAL FREE GIFT FROM US. WITH ANY PURCHASE OF OUR GENUINE LEATHER ORGANIZER AT HALF PRICE ONLY! 3 Temasek Boulevard •01-195 Sumac Crty Singapore *****3 (Enlartatnmanl centre; J 8
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon M'sian property transactions plunge
      729 5  -  Value of deals tumble 34% in Q1 to RM&3b; analysts cite tight lending rnles From Ruth Wong in Kuala Lumpur PROPERTY transactions in Malaysia dropped sharply in the first quarter of this year, Deputy Finance Minister Wong See Wah said yesterday. The number of property transactions
      FILE PHOTO  -  729 words
    • Article, Illustration
      Lock icon M'sia-Thai gas joint venture signs up 2 buyers
      498 5 SONGKHLA, Thailand Petronas to take entire initial supply; Thailand's PIT may buy from 2004 Reuters DEVELOPERS of the ThaiMalaysian Joint Development Area (JDA) gas blocks yesterday signed sales agreements with two buyers from Malaysia and Thailand. The pacts were signed with Malaysian
      Reuters; AFP  -  498 words
    • Article
      Lock icon Thai employers slam ILO over labour report
      333 5 BANGKOK They say int'l body gives distorted view of situation AFP THAI employers attacked the International Labour Organisation (ILO) yesterday for giving a distorted impression of the labour situation here. The Employers' Confederation of Thai Trade and Industry (Econthai) said in a statement
      AFP  -  333 words
    • Article
      Lock icon 1,055 Philippine firms shut down
      228 5 MANILA 43,712 workers lose jobs in Ql: labour department AFP MORE than a thousand firms have shut down in the Philippines in the three months to March, throwing nearly 44,000 people out of work as the Asian financial crisis deepened, the labour department said yesterday.
      AFP  -  228 words
    • Article
      Lock icon KL favours security ties between Asean and China
      311 5 KUALA LUMPUR AFP MALAYSIA yesterday welcomed the idea of having some kind of security arrangement between Southeast Asian countries and China. "On security ties, Malaysia has taken China as a main player. As a main player we cannot exclude her," Defence Minister
      AFP  -  311 words
    • Article
      Lock icon US not ready to turn over Acehnese to KL
      292 5 KUALA LUMPUR Reuters THE United States yesterday told Malaysia that it was not ready to turn over eight Indonesian immigrants who forced their way into the US embassy in Kuala Lumpur nearly two weeks ago, diplomats said. US ambassador to Malaysia
      Reuters  -  292 words
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      27 5 Fill up your tank! o Take your pick from a choice selection of hobby fishes. for sale in Aquariums, every Saturday in The Straits Times Classified. Q
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      39 5 ■bbbi Complete training Low start-up costs Simple Concept Ranked #1 franchise for submarine sandwiches* Call today for a free brochure! 383-2551 www.subway.com 'Entrepreneur Magazine 1997 325 Bic Drive Milfofd, CT ***** U.S.A. Singapore Agent: Tel: 383-2551 Fax: 383-2554 email^ub^
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      18 5 flir. 1 1 tr Iti f'MMfMit*' ;< tiinjj j 11 7fW n*V ~*ii• i i m I m J
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  • MARKETS IN TURMOIL
    • Article
      Jakarta reveals names of 40 ailing banks under supervision
      497 6  -  Govt also pledges to help state-owned Bank Exim cover huge forex losses From! S N Vasuki in Jakarta JAKARTA yesterday disclosed the names of 40 ailing banks placed under the supervision of the Indonesian Bank Restructuring Agency (Ibra) and announced that
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    • Article, Illustration
      Lock icon Tale of two brilliant, ambitious ministers
      611 6  -  Rivalry between Thai economic gurus Supachai-Tarrin rift dilutes Thai efforts in tackling crisis From' Bruce Cheesman in lUimfkok A SHOWDOWN between Thailand's two top economic gurus. Deputy Prime Minister Supachai Panitchpakdi and Finance Minister Tarrin Nimmanahaeeminda, is becoming a major headache for Premier Chuan
      FILE PHOTOS  -  611 words
    • Article
      To help Asia, China must continue own reforms: BG Yeo
      351 6  -  China's decision on renminbi 'will long be remembered' By Vikram Khanna [SINGAPORE] The best way China can help East Asia cope with the regional economic crisis is to continue with its own institutional reforms, Minister for Information and the Arts
      351 words
    • Article, Illustration
      Hashimoto seen pumping up spending package
      541 6  -  PM fighting for survival amid calls for his resignation From Anthony Rowley in Tokyo JAPANESE Prime Minister Ryutaro Hashimoto, who is fighting to save his political life, is expected to announce today that his besieged administration will pump more "real" fiscal stimulus into Japan's
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    • Article
      Lock icon S&P keeps negative outlook for Thailand
      110 6 AFP [NEW YORK] US ratings agency Standard and Poor's yesterday maintained a negative outlook for Thailand's foreign and local currencies and cited the possibility of further financial turmoil in East Asia. The agency confirmed its 888-minus long-term and A-3 short-term foreign currency rating and
      AFP  -  110 words
    • Article
      Lock icon Seoul hires Morgan Stanley to sell 2 banks
      300 6 Move underscores its readiness to give foreigners control Bloomberg, Reuters [SEOUL] South Korea hired Morgan Stanley Dean Witter Co to sell stakes in Korea First Bank and Seoulßank. underscoring the government's willingness to cede control to foreigners instead of rescuing cash-strapped companies
      Bloomberg,; Reuters  -  300 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon HK plots sold at prices seen as mildly encouraging
      423 7 HONGKONG But the HKsl.24b and HKs33om sales not big enough to drive up market sentiment: analysts AFP HONGKONG'S government yesterday sold two plots of land at prices that were in line with market expectations in a mildly encouraging sign for the
      AFP  -  423 words
    • Article, Illustration
      Lock icon HK labour group puts jobless rate at 12%
      351 7 HONGKONG Q1 figure much higher than 3.5% given by govt, it says AFP HONGKONG'S leading labour group claimed yesterday the territory's unemployment rate was much higher than the official figure of 3.5 per cent announced for the quarter to March. The Federation
      AFP  -  351 words
    • Article, Illustration
      Ex-bureaucrats in hot demand
      625 7  -  CHINA WATCH Will Zhu's plan to 'retain the best, fire the rest' backfire? By Lu Ning WHEN Chinese Premier Zhu Rongji's plan to halve the government bureaucracy was unveiled a month ago, almost everyone thought he would be in for a tough time pushing it through
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    • Article
      Taiwan delays award for NT$45b MRT line
      445 7  -  Project dogged by financing worries, talk of bid-rigging From Laurence Eyton in Tai/m TAIWAN'S Ministry of Transportation and Communication (MOTC) has put on hold the selection of a company to build a NT$45 billion (552.16 billion) mass transit project amid worries about financing
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    • Article
      Lock icon China set to take key role in regional satellite project
      262 7 BEIJING AFP CHINA has announced it will take a key role in the US$65O million (551.03 billion) AsiaPacific Mobile Telecommunications (APMT) satellite project, the official China Daily reported yesterday. It is developing the system with Singapore, Thailand, Malaysia, Japan and
      AFP  -  262 words
    • Article
      Lock icon Yuan business for 11 more banks
      302 7 BEIJING They will be aflfwed to operate outsjtte Prolong central bank AFP CHINA will expand its pilot financial reforms by allowing another 11 foreign banks to do business in local currency and to operate in areas outside Shanghai's Pudong development zone, a central bank
      AFP  -  302 words
    • Article
      Lock icon Clinton's China trip likely to include HK, Shanghai
      331 7 WASHINGTON Visit to last 10 days from Jane 22, say White House officials AFP PRESIDENT Bill Clinton is expected to spend about 10 days in China at the end of June touring several cities including Hongkong and Shanghai, White House sources said
      AFP  -  331 words
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      114 7 y-'W .-r.-v.^^r,-,. -> i fl MtHM*. today I VLianhe Zaobao i feoiax^mii We 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
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      746 8 Step Into The Future. Step Into Suntec Business Asia. JH iißl IHHBi What do Microsoft, BASF, Compaq, N v ££'//£< Oracle Systems and NCR have -fcf common? They are all blue chip multinational companies, B^E~ji leaders in their own fields, and have chosen Suntec City. Only HETHHI Suntec City is
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      609 9 The Business Capital Of Asia, Singapore's Largest Shopping Mall, The Region's Premier Convention Exhibition Centre. Ie Future. Step into Suntec City. Shop, Play, there's l"1 everyone Suntec ■■?■'-ui^^Psfe' jfll^^KßHHii City Mall. QuestXone childcare centre provides edutainment the world offers endless gastronomical wonders. The 200 shops in Singapore's largest *•'ss* r
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  • ASIA
    • Article
      Lock icon Solomons to nationalise logging industry
      152 10 HONIARA, Solomon Islands AFP THE Solomon Islands will nationalise its logging industry long dominated by Malaysian companies. Forest Minister Hilda Kari told parliament yesterday. She said the private logging industry had failed to ensure an improvement in the living standards of forest resource owners in
      AFP  -  152 words
    • Article, Illustration
      Lock icon Market will decide fate of bankrupt Kia Motors: Kim
      532 10 SEOUL But the president rejects union demands that Kia remain public entity AFP, Bloomberg SOUTH Korean President Kim Dae Jung yesterday said the fate of ailing Kia Motors Corp would be decided upon by "market forces". "The government has no plan
      AFP,; Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Japan's top managers under attack by Mr Yen
      264 10 TOKYO Their failures pose greatest threat to struggling economy AFP JAPAN'S vice-finance minister Eisuke Sakakibara launched a scathing attack yesterday on his country's top managers, saying their failures presented the greatest threat to the struggling economy. The greatest problem in Japan is
      AFP; FILE PHOTO  -  264 words
    • Article
      Lock icon Sacked dockers: court to decide fate today
      232 10 AUSSIE DOCK TURMOIL Reuters [MELBOURNE] An Australian court ruled against allowing 1,400 sacked dockers back on to the wharves yesterday, pledging to make its final decision on the bitter waterfront dispute within 24 hours. The Federal Court, hearing an appeal against an earlier
      Reuters  -  232 words
    • ASIA Notes
      • Article
        Lock icon Indian govt begins budget talks
        76 10 AFP [NEW DELHI] India's new Hindu nationalist-led coalition will begin the annual budgetary exercise today A government spokesman yesterday said Finance Minister Yashwant Sinha will hold talks with representatives of the trade bodies and top businessmen today. "That will be followed by meetings with economists
        AFP  -  76 words
      • Article, Illustration
        Lock icon Set for a hot stretch
        46 10 AFP [NEW DELHI] One of the Indian capital's übiquitous monkeys stretching for a drink from a pond here yesterday. As summer sends temperatures over 40 degrees Celsius, the race to cool down, for humans as well as monkeys, has begun. AFP
        AFP  -  46 words
      • Article
        Lock icon Indian govt to overhaul patent laws
        56 10 AFP (NEW DELHI] The Hindu nationalist-led government will overhaul India's patent laws and take a "fresh look" at intellectual property rights, the industry minister said yesterday. Sikander Bakht told a meeting of the World Intellectual Property Organisation here that India will take steps to
        AFP  -  56 words
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      169 10 Introducing our new daylight flights. f\ V" ,i 1 T w f|£gS|^ You can do more on a daylight flight to Europe. Saving money, for a start. And for just 551,288 return, you can fly to almost any city in Europe. To catch this special rate, you'll have to travel
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      10 10 Howard denies govt involved in conspiracy, Shipping Times, Pg 1
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  • THE WORLD
    • WORLD Watch
      • Article
        Lock icon UK jobless rate at 18-year low
        96 11 Reuters [LONDON] Britain's unemployment rate was unchanged in March at an 18-year low of 4.9 per cent, official figures showed yesterday. The Office for National Statistics said its traditional count of the number of jobless claiming unemployment benefits showed a fall 0f6,400 last month
        Reuters  -  96 words
      • Article, Illustration
        Lock icon Risking their lives for a living
        77 11 Reuters [NEJALPA, San Salvador] Two children carrying sacks are silhouetted with vultures as they walk over the summit of a garbage mountain where they scavenge for pickings yesterday. Dozens of rubbish-picking children risk their lives to look for recyclable materials at this dump in
        Reuters  -  77 words
      • Article
        Lock icon Russian leader vows to thwart Yeltsin
        77 11 Reuters [MOSCOW] Russian Communist leader Gennady Zyuganov vowed yesterday to call President Boris Yeltsin's bluffby rejecting his choice of prime minister and forcing him to dissolve parliament. "We are ready for elections," Mr Zyuganov told reporters. The president will be forced to disband parliament
        Reuters  -  77 words
      • Article
        Lock icon German unions slam Kohl's jobs plan
        80 11 Reuters [BONN] German trade unions yesterday attacked a jobs plan proposed by Chancellor Helmut Kohl's government at the request of the European Union as lacking any real substance or commitment. The jobs package, which was to be presented at a news conference yesterday, was
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    • Article
      Lock icon Fed to up rates unless Asia slows US down soon
      438 11 WASHINGTON Tight labour markets, strong domestic demand tilting balance: Fed governor Reuters [WASHINGTON] Buoyant growth in the US economy risks fuelling inflation and the Fed will have to raise interest rates unless the effects of Asia's crisis slow it down
      Reuters  -  438 words
    • Article
      Lock icon IMF funding: attacks in Congress mount
      352 11 WASHINGTON Bloomberg THE Clinton administration's request for US$lB billion (5528.5 billion) in financing for the International Monetary Fund is facing growing criticism on Capitol Hill, delaying a vote by Congress on the measure. Senate Majority Leader Trent Lott said that while Congress may provide
      Bloomberg  -  352 words
    • Article
      Lock icon US budget deficit in March falls to US$13.8b
      443 11 WASHINGTON Washington set to post its first annual surplus since 1969 Bloomberg THE US posted a smaller-than-expected budget deficit in March as the growing economy helped the government reap tax dollars keeping Washington on course for its first annual surplus since fiscal
      Bloomberg  -  443 words
    • Article
      Lock icon Don't expect rate prediction from BOE: governor
      346 11 ULONDON Reuters IT IS unrealistic to expect the Bank of England to give an indication of the future course of interest rates. Bank of England governor Eddie George said on Tuesday. Mr George hit out at some business leaders and members of parliament
      Reuters  -  346 words
    • Article, Illustration
      Lock icon On the block
      59 11 [ROME] An undated file photo of the Stadio dei Marmi in the capital's centre. Along with Rome's Olympic Stadium, the statues belong to the compound of' 'Foro Italico which, according to the president of the committee for real estate Giacomo Vaciago on Tuesday, is for sale as
      AFP  -  59 words
    • Article
      US stockmarket boom adds lustre to diamond sales
      473 11  -  Surge in European, US demand counters Asian slump From Neil Behrmann in London THE northern hemisphere stockmarket boom is spurring sales of luxury products. Diamonds are a classic example. Officials of De Beers Centenary, the South Africanowned company that controls about two-thirds
      473 words
    • Article
      Lock icon Bundesbank calms talk of imminent rate hike
      149 11 FRANKFURT Reuters BUNDESBANK council mem bers yesterday moved to calm speculation about an imminent German rate increase, saying they saw no urgent need for action despite signs of economic recovery. Bundesbank vice-presi-dent Johann Wilhelm Gaddum said he saw no "acute" need to move
      Reuters  -  149 words
    • Article
      Lock icon Republicans draw up US$1.7t tentative budget for 1999
      253 11 WASHINGTON Bridge News REPUBLICANS on the House Budget Committee have crafted a tentative US$l.7 trillion (552.7 trillion) federal budget for 1999 calling for just over US$lOO billion in new savings over five years and elimination of the departments of commerce and energy.
      Bridge News  -  253 words
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      134 11 travels fast IN SINGAPORE, when you want to reach out to a select target audience in the transport and logistics industry, only one daily oilers you the advantage of maximum reach at minimum cost. And that s Shipping Times. Shipping Times brings you not only the daily news but also
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      4257 12 1 l*3 l A '.TJI Bank I Keppel Bank of Singapore Limited and its subsidiaries H (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 1997 H The Group The tank Tlx Group The tank Mote 1997 1996 1997 1996 Mot* 1997 1996 1997 1996 1000 $000
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  • EDITORIAL & OPINION
    • Article, Illustration
      Thais count costs of failure to hedge debt
      726 13  -  THE BOTTOMLXNE OPINION By Harish Mehta The writer is BT's Bangkok correspondent W W HAILAND's corporate sector has been I 'stunned by the revelation that even I though the country's biggest industrial conglomerate saw the writing on the wall, it still did
      726 words
    • Article
      IN OTHER WORDS
      152 13 'It is truly reprehensible that a company, simply for being successful in the marketplace, is to be made to appear in court and hauled before committees of Congress, and now faces the prospect of government bureaucrats micro-managing its business.' Robert Trarinski founder of the self-styled Committee for
      152 words
    • Article
      Fixing the global financial system
      573 13 EDITORIAL THE East Asian economic turmoil, by uncovering weaknesses in the foundations of the global financial system, has produced a healthy debate on creating mechanisms to prevent and contain future crises. Last week's meetings in Washington of the International Monetary Fund and World Bank were
      573 words
    • Article, Illustration
      Uncle Sam v Microsoft
      1263 13  -  But the question is whether high-tech industries need an anti-trust agenda By. Leon Hadar The writer is BT's Washington correspondent AS Microsoft chairman Bill Gates launches a major campaign to market the Windows 98 operating system for PCs, he is also preparing for a major political
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    • Article
      State-owned firms not above HK law
      329 13  -  MAILBOX Ian Wingfield Secretary for Justice (Acting) Department of Justice Government of Hongkong Special Administrative Region ON April 7, Business Times carried an article entitled "HK's legislative council set to debate controversial bill". We must emphasise that the latest amendment to our legislation referred
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    • Article
      WHAT THE OTHERS SAY
      393 13 No room for western gloating IT MAY cheer people in the West to believe that the Asian crisis has little importance for them. They may believe its disinflationary impact may even prove a boon. In the US, many may conclude it all proves their economic model
      393 words
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  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      A bit country, a bit rock and road
      1043 14  -  Christopher tan tries out the latest sport-utility vehicle in town the Subaru Forester and comes away humming CHRISTOPHER TAN ANY point in having a sports car with automatic transmission? Or an MPV that seats only five? Or for that matter, perhaps a
      1,043 words
    • Article, Illustration
      Call a MaxiCab when there are six of you
      203 14 IT began with 30 MercedesBenz E3OO. Then 100 E250 from India. Yesterday, CityCab topped it with a sevenseater MPV from the marque. The company, known for its innovative services, put the first of two $100,000 MaxiCabs on the road yesterday. It
      203 words
    • Article, Illustration
      Jaguar returns to the sports saloon sector
      412 14  -  S-type, coming oat in Oct, will compete with BMW 5-series and Merc C and E By i Christopher Tan FORD-OWNED Jaguar Cars has named its yet-to-be-un-veiled mid-sized surprise SType, after an Mk2-inspired model that made its debut more than 30 years ago. Previously
      412 words
    • BUMPER to BUMPER
      • Article
        New baby for the VW family
        109 14 VOLKSWAGEN AG plans to launch the Lupo mini car in the third quarter of this year. At 3.5 metres long, the car is sizeably smaller than the Polo, currently the baby of the family. The Lupo will be one of eight new cars introduced
        109 words
      • Article
        Courts'charity drive
        77 14 FURNITURE retailer Courts has Joined charity-cyclists Bike Aid in its fund-raising programme for the Kidney Dialysis Foundation. The company has pledged to donate $2,000 for every hour Bike Aid cuts from its estimated 140-hour ride to Haadyai in June. Courts also plans to raise $100,000 on its own,
        77 words
      • Article, Illustration
        Power-packed Merc
        88 14 MERCEDES-BENZ boring? Meet the C 43 AMG —a 4.3-litre "land missile" that packs a 306-horsepower, 410-newton metre V 8 engine and an S-class transmission in a C-class frame. Top speed is an electronically-limited 250kmh; O-lOOkmh in 6.5 seconds; a one-km sprint in 26.3 seconds; and it returns 6-7
        88 words
      • Article
        The C70 finally arrives
        110 14 VOLVO'S long-awaited C7O coupe debuts in Singapore this week after almost a year-long delay caused by production hitches and high demand in Western markets. The manufacturer has launched a TV ad campaign to promote the stylish two-door four-seater. The four-minute music-video clip is among the longest
        110 words
      • Article
        A first for Asia
        90 14 MORE THAN 120 companies from 18 countries will take part in Asia's first International Trade Fair for Automotive Manufacturing and Service. The event organised by Messe Frankfort Singapore, will be held on April 27-29 at Hall 3 of the World Trade Centre. The fair is not
        90 words
      • Article
        Recycling engine coolant
        79 14  -  OoepOedbyi Christopher Tan NISSAN Motor has jointly developed an engine coolant recycling system with Hitachi Car Engineering and Ethylene Chemical Co. The venture will begin selling the system—which can render used coolant with the same quality as the fresh solution—this summer through Nissan Altia Co. Used coolant
        79 words
    • Article, Illustration
      Lock icon Hanks flies From The Earth To The Moon
      1042 16  -  In ambitious career move, he produces, partly directs and writes HBO series Paul Brownfield LAT-WP TOM Hanks comes bounding into a posh suite at the Lowell Hotel, instantly jokey and down-to-earth. It doesn't matter that he's nursing a cold or that he's
      LAT-WP; FILE PHOTO  -  1,042 words
    • Article, Illustration
      Lock icon McCartney tells of Linda's last moments
      341 16 I am privileged to have been her lover for 30 years, he says AFP FORMER Beatle Paul McCartney spoke for the first time on Tuesday of his "total heartbreak" at the death of his wife Linda from cancer. "She was unique and the world
      AFP  -  341 words
Page thumbnail Page 15
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      229 15 J Where to wine, dine and entertain... 111 l An All-You-C*n-Eat.. cporrltfae l qjbmcr <BuJJet Help yourself to moMhan 30 kmptuous dishes... to go with steaming hot porridge, ym rice or plain rice. Friday to Sunday 6:3opm to 10 pm 1 I CHILD $1480++ $gso *Pnce subject to 10* service
      229 words
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      Page 15 Advertisements Column 2
      370 15 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****66 BRING YOUR SECRETARY TO LUNCH AND WIN A EITNESS CLUB MEMBERSHIP Cafe Plaza Western 4-course set lunch at $28 per p#r*on OR Hong Kong Food Dessert Promotion at $22.50 per person (inclusive of a statk of
      370 words
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      Page 15 Advertisements Column 3
      137 15 i i jii i ENJOY 25% SAVINGS j WITH EVERY $250 j AND ABOVE SPENT! I CallB3l-6310 for details. I 1 'SMM I V x|| Mantkirut |JQ| Singapore s M ;a EM 333 Orchard Road, Singapore *****7 i Tel: 737 4411 20 24 April 12 pm-2.30 pm $23* (Adult) $16.50*
      137 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      831 15 TV&RADIO PmmUm i 4 3.00 News 5 Today Followed 10.30 Thursday Feature By Afternoon At The Gambler vs Gambler. 7"iS» f!v* I n0 .X?!l 0 s Movies Anne of the 12.20 AM Entertainment Kidzßlitz. Alf Tales 11. Thousand Days (See News Express. 450 Lassie s Rescue Rang- Our Choice). LOS
      831 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      190 15 CRYPTIC CROSSWORD 29 IMBBfIMI holds attention DOWN 14 No repeats, unusually, in this YESTERDAY'S SOLUTION unnatural language (9) i_. 2 Swampy planet, hot to un- 15 Cut longer established fea- |£1* R l^j E l s^| M W ß known degree (6) ture of the Oval (9) ff§ftrß r 'fl|:R^lU
      190 words
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  • Page 16 Advertisements
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      138 16 250 HP Turbo-Charged Or 122 HP Natural Aspirated Boier "V" Series Engine 4 Sensor 4 Channel ABS Low Centre Of Gravity For Jjj Precision Handling And Stability At High Speed All-Wheel Drive With Unique Active Tbrque Split Transmission For Surest Road taction SUBARU NeW SuSpens 0n oesiqn And Self-Levelizer For
      138 words
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  • COMPANIES & MARKETS
    • Article
      Vickers Ballas gets nod to buy 49% of Nava Securities
      487 17  -  1.05b baht deal will be finalised only in mid-May for tax reasons: source From Bruce Cheesman m liangkok SINGAPORE-LISTED Vickers Ballas has secured the Bank of Thailand's approval for its 1.05 billion baht (5542.5 million) acquisition of 49 per cent
      487 words
    • Article, Illustration
      Charlotte Yew is new MD of Jardine Fleming Investment
      353 17  -  Move is sign that firm will boost unit trust management By Catherine Ong [SINGAPORE] Award-win-ning fund manager Charlotte Yew has been appointed managing director of Jardine Fleming Investment Management (Singapore) Ltd, amidst signs that the firm would beef up management of
      353 words
    • Article
      Lock icon Major shareholder of Omni may sell more shares
      184 17 Bloomberg [SINGAPORE] Fowseng Holdings Pte, a major shareholder of Omni Industries Ltd, said it may sell more shares of the Singapore-based maker of injection moulded plastic parts to reduce debt. Fowseng, a furniture manufacturer and retailer, has sold 501,000 shares of Omni
      Bloomberg  -  184 words
    • Article
      Easing Sesdaq rules: a step in the right direction?
      674 17  -  HOCK LOCK SIEW Siow Li Sen IN moving to loosen up further the regulations governing listing on Sesdaq, Singapore is hoping to foster a climate of verve that will help budding entrepreneurs. Encouraging risk-taking, especially in technology start-ups, makes sense if
      674 words
    • Article
      Lock icon RHB unveils RM1b share sale to buy Sime Bank
      249 17 Bloomberg (KUALA LUMPUR) Rashid Hussain Bhd said its banking unit RHB Bank will sell one billion Malaysian ringgit (*****.8 million) in preferred shares to Phileo Allied Bhd to finance its purchase of ailing Sime Bank Bhd. "This subscription agreement forms part
      Bloomberg  -  249 words
    • Article
      SingTel delays satellite launch by a few months
      420 17  -  End of Q3 takeoff will allow it to conduct more tests Teh Hooi Ling [SINGAPORE] Singapore Telecom has delayed the launch of its first satellite, ST-1, by a few months to conduct more tests before putting it into orbit. The satellite is
      420 words
    • Article
      Sunright interim up 19% to $5.8m
      371 17  -  By\ Louis Beckerling [SINGAPORE) Semi-conduc-tor service company Sunright has produced a net profit of $5.8 million on sales of $100.4 million at the halfway stage. Sales were up 30 per cent from $77.5 million previously, while net profit was up a slower 19 per
      371 words
    • REGIONAL COMPANIES
      • Article
        Setbacks for two M'sian stockbroking firms
        415 18  -  Kumpnlan Fima unit to reorganise debt, Kimara placed under ELSE trading curbs From Ruth Wong in Kuala Lumpur THE Malaysian stockbroking industry, reeling from the slump in the stock market, saw two further adverse developments yesterday. Kumpulan Fima Bhd said its stockbroking unit, Capitalcorp
        415 words
      • Article
        Lock icon Commerce Asset: No merger fever but there're possibilities
        281 18 Reuters [KUALA LUMPUR] Malaysian financial services firm Commerce Asset Holding Bhd said yesterday its acquisition of other institutions is still a possibility, but it is not in any takeover talks at the moment. Executive director Rozali Mohamad Ali said in an interview
        Reuters  -  281 words
      • Article, Illustration
        Lock icon Revamped San Miguel board re-elects chairman
        496 18 It also okays plan to raise 3.5b peso from commercial paper Bloomberg [MANILA] San Miguel Corp's newly reshuffled board reelected Andres Soriano 111 as chairman and chief executive officer, signalling continuity in corporate strategy at least for the next few months. In one of
        Bloomberg  -  496 words
      • Article
        Lock icon Multi-Purpose Bank earnings down 27%
        250 18 Bernama [KUALA LUMPUR] Multipurpose Bank Bhd's profit after tax for the year ended Dec 31, 1997 fell 27.4 per cent to 73.78 million Malaysian ringgit (5531.2 million) from RM101.61 million in the previous year. Releasing its audited results yesterday, it said pretax profit stood at
        Bernama  -  250 words
      • Article, Illustration
        Lock icon Asahi's top symbol
        56 18 (TOKYO) A cleaning worker atop a gigantic object symbolising Japan's leading beer company, Asahi Beer Co, yesterday. The object, 44-metre in length and 14-metre high, was designed by Philippe Starck of France in 1990. It sits on top of Asahi Beer Co's headquarters building and has become
        AFP  -  56 words
      • Article
        Lock icon SCK receiver to defend winding-up petition
        150 18 Reuters (KUALA LUMPURI SCK Group Bhd's receiver said yesterday it would be defending a winding-up petition filed by Multi-Purpose Bank Bhd. SCK Group, an interior renovation firm, had stood as guarantor for the debt of three of its subsidiaries. The units owed the bank
        Reuters  -  150 words
      • Article
        Lock icon HK's First Pacific, Salim Group sell US bank for US$120m
        287 18 Bloomberg [HONGKONG] First Pacific Co of Hongkong and Indonesia's Salim Group said they will sell California's United Commercial Bank to fund managers and bank management for US$l2O million (Ssl9o million). First Pacific said the sale is part of its strategy
        Bloomberg  -  287 words
      • Article
        Lock icon MAS plan to revamp needs board, ministry nod: Ling
        260 18 Reuters [KUALA LUMPUR] Any proposal to restructure national carrier Malaysian Airline System Bhd (MAS) would have to be approved by the company's board and a key government shareholder. Transport Minister Ling Liong Sik said. "It must get the approval from the
        Reuters  -  260 words
      • Article
        Lock icon New price curbs on shares of China's money-losing firms
        218 18 Reuters [SHANGHAI] China s stock exchanges have set new curbs on trading of money-losing companies, the Shanghai Securities News said yesterday. The Shanghai and Shenzhen exchanges set a daily limit of 5 per cent up or down for shares of companies
        Reuters  -  218 words
      • COMPANY Briefs
        • Article
          AFP gains US$57m from property sales
          63 18 [SINGAPORE] Asia Food Properties (AFP) has scld its US properties for US$265 million (Ss42o million) in cash, netting a pre tax profit of US$57 miUion. The transaction will raise AFP's earnings per share by three cents and reduce its net tangible asset backing per
          63 words
        • Article
          Lock icon Transwater chairman in coma
          61 18 Bernama [KUALA LUMPUR] Transwater Corporation chairman Wan Adli Wan Ibrahim is in a coma at the Pantai Medical Centre here after undergoing an operation for sinus complications, his brother said yesterday. Wan Lotfi said that Wan Adli, who is also executive chairman of a number of
          Bernama  -  61 words
        • Article
          Lock icon PT Telkom disputes partners' claims
          69 18 Reuters [JAKARTA] Indonesian telecommunications giant PT Telekomunikasi Indonesia (Telkom) has disputed claims by its partners under its joint operation scheme that they installed 51 per cent of their phone line target. A Telkom spokesman said the company remained convinced from the latest data collected in
          Reuters  -  69 words
        • Article
          Lock icon Siam Commercial profit plunges 95%
          74 18 Bloomberg [BANGKOK] Siam Commercial Bank pel said its first-quarter net profit fell 95 per cent from the same period a year earlier because increasing loan defaults and new regulations forced Thailand's fourth biggest bank to set aside more loan-loss reserves. Net profit in the quarter
          Bloomberg  -  74 words
        • Article
          Lock icon Bank Islam merger stalled
          36 18 AFX-Asia [KUALA LUMPUR] Deputy Finance Minister AffifUddin Omar said the proposed merger between Bank Islam Malaysia and Bank Kerjasama Rakyat Malaysia has been put on hold, the New Straits Times reported. -AFX-Asia
          AFX-Asia  -  36 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Seagram in talks to buy EMI, say analysts
        429 19 Acquisition price believed to be as much as US$9 billion Bloomberg [TORONTO] Seagram Co is believed to be in talks to buy EMI Group pic for as much as US$9 billion (5514.3 billion) to add the British company's recording labels to its
        Bloomberg  -  429 words
      • Article, Illustration
        Lock icon Murdoch marriage break-up hits News Corp shares
        365 19 But split unlikely to have long-term effect on company, say analysts AFP [SYDNEY] Media baron Rupert Murdoch's split with his wife of 32 years caused shares in his News Corp to falter yesterday but analysts said the breakup would have no long-term effect
        AFP  -  365 words
      • Article
        Lock icon Boeing Q1 profit drops 91% on output snags
        318 19 Labour and parts shortages, 737 woes delay delivery Bloomberg [SEATTLE] Boeing Go's firstquarter earnings fell 91 per cent, mainly because of costs of assembly line bottlenecks in making its 737 commercial jets. Net income at the world's biggest airplane maker fell to
        Bloomberg  -  318 words
      • Article
        Lock icon Bank of NY makes US$23.6b bid for Mellon
        301 19 Bloomberg [NEW YORK] Bank of New York Co offered to buy Mellon Bank Corp for U5523.6 billion (5537.4 billion), or US$9O a share, in the largest unsolicited bank takeover proposal ever. However, Mellon said it's not for sale. Bank of New York
        Bloomberg  -  301 words
      • Article
        Lock icon Super chip that can out-think Deep Blue
        157 19 Bloomberg {ARMONK, New York] International Business Machines Corp said it has developed a new microprocessor that will make its supercomputers five times as powerful as Deep Blue, the machine that beat chess champion Kasparov. The new microprocessor runs at 332 megahertz, making it
        Bloomberg  -  157 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Citicorp to expand in Asia as Chase cuts exposure
        425 20 Chase reports Q1 USs92m charge-offs, Citicorp says profit from emerging markets fell 34% Bloomberg [NEW YORK] Citicorp, the second-largest US bank, will expand in Asia's sluggish markets even as Chase Manhattan Corp, the biggest, reduces exposure to the region, highlighting the
        Bloomberg  -  425 words
      • Article
        Lock icon Citigroup may get edge over rivals
        383 20 House banking panel points out law loophole in merger of Citicorp, Travelers Bloomberg [WASHINGTON] Travelers Group Inc and Citicorp could get a head start over competitors if the Federal Reserve permits them to take advantage of a loophole in federal law in their planned
        Bloomberg  -  383 words
      • Article
        Lock icon Bank of China to axe 50% of staff in revamp: reports
        148 20 AFP [HONGKONG] China s two major banking groups will be streamlined as part of moves to reform the country's banking system, media reports said yesterday. The Bank of China group will sack half its 200,000 staff working in China
        AFP  -  148 words
      • Article, Illustration
        Lock icon Visa in Vietnam
        68 20 [HANOI] Visa International executive vice-president, James Murray, speaking during the launching ceremony for Visa at Vietcombank (Bank for Foreign Trade of Vietnam), Vietnam's largest commercial bank, yesterday. Vietcombank, thefirst bank in the country to issue the cards, is expected to issue I,soocards this year. Mr Murray who
        AFP  -  68 words
      • Article
        Lock icon Palladium hits 18-year high on Russian export delays
        349 20 The metal, used in cars and electronics, costs more than gold Bloomberg [NEW YORK] Palladium surged almost 4 per cent to an 18-year high as delays in exports from Russia, the world's biggest producer, reduced supplies available to electronics makers and the
        Bloomberg  -  349 words
      • Article
        Lock icon Deutsche Bank unit widens private banking net
        252 20 Reuters [LUXEMBOURG] Deutsche Bank Luxembourg SA, a ful-ly-owned subsidiary of Deutsche Bank AG, Germany's largest bank, is expanding its private banking activities in preparation for an enlarged European market. From early May it will offer private banking services in Brussels in addition to
        Reuters  -  252 words
      • Article
        Lock icon JGBs dip over bond supply fears
        201 20 SfMBX Report Reuters (SINGAPORE] Simex Euroyen and Japanese government bond (JGBs) futures slid yesterday on fears that proposed changes to Japan's fiscal reform law could lead to higher supplies of bonds in the market. A Liberal Democratic Party source said the panel to revise
        Reuters  -  201 words
      • Article
        Futures contract up on technical rebound
        159 20  -  MSOI TAIWAN FUTURES Cecilia Loh service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract surged 7.30 points on a technical rebound. The cash index rallied up 196.31 points, its biggest gain in a month boosted by rosy sales
        159 words
      • Article
        Lock icon Oil prices ease on rise in US stocks
        288 20 EMEROT REPORT Reuters [LONDON] Oil prices retreated yesterday on the back of hefty increases in US crude and product stocks, dealers said. North Sea benchmark Brent crude for June delivery traded four cents down at U5514.47 a barrel on the London futures
        Reuters  -  288 words
      • Article
        Lock icon CURRENCY REPORT
        263 20 Reuters, AFP London THE dollar received a boost against the mark yesterday from soothing Bundesbank talk on German interest rates. Bundesbank council members Klaus Dieter Kuehbacher, Johann Wilhelm Gaddum and Reimut Jochimsen all said there was no immediate need to raise German interest rates, pulling the dollar off
        Reuters,; AFP  -  263 words
      • Article, Illustration
        Untitled
        1210 20 nrrntmAMK cross eatbi Apr 22 *8 o no nt m wiiumi r« w m «sr*»$ hm s$ tmt m rnnHmt ns$ Antral* 0.930 U7I OJM 3.907 IKS 5.031 ***** SUIT 0J50 1940 2.432 1.165 28.828 24.871 1032 3202 0.967 ***** 25.421 0.380 0190 CM* 1079 5J0J 0133 4202 1253 1411
        1,210 words
    • Article
      COMMODITY PRICES
      1873 21 8IC011 FUTURES Apr" RU88E R (futurw clow*) *s it 5 30pm) RSS1 CONTRACTU c«»KA<|) Close Volume Open Month High low Sett (tonnes) Interest May 98 118.75 2050 Jun 98 119.25 119.25 119.50 50 1750 Jul 98 121.00 2865 Aug 98 124.00 1665 Sep 98 125.75 1665 Oct/Dcc 98
      1,873 words
    • Article
      WORLD STOCK MARKETS
      2411 21 LONDON industrials Apr 22 Pwk« 31 Croup 593.400 -4.000 AB Ports 355.000 -3.000 Abbey National 1175.000 11.000 Allied Oomecq 620.000 -2.000 Amec 166.000 4.000 Asda Group 204.000 -7.400 BAT Ind 576.000 -4.000 BCPK 304.000 1.000 BICC 159.000 0.600 BOC Croup 962.000 -2.000 BR Petroleum 932.000 18.000 BTR
      2,411 words
    • Article
      Lock icon TOKYO
      1613 21 Bloomberg P Nikkei 225 -MJ3 JAPANESE stocks fell for the third time in four days, led by retailers, as department stores reported slumping profits and the government remained silent about new measures to help the economy. "With hopes for the next recovery plan fading fast, the market is especially
      Bloomberg  -  1,613 words
    • Article, Illustration
      Lock icon HONGKONG
      1561 22 Reuters Q Hang Seng +&21 STOCKS closed flat yesterday in cautious trade after a government land auction failed to offer much guidance to the market, brokers said. The Hang Seng Index added 9.21 points, or 0.08 per cent, to end at 10,977.47 and brokers said the market attracted neither
      Reuters  -  1,561 words
    • Article, Illustration
      Lock icon CHINA
      647 22 Reuters H Shenzhen Binder *&89 CHINA'S hard currency B shares ended mixed yesterday as a steep fall in profits by a major company sent the Shanghai market lower, brokers said. In Shenzhen, the B share market reversed early losses to end the day higher on buying triggered by a
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  647 words
    • Article
      Lock icon TAIPEI
      397 22 AFP HWP Index ♦MtM TAIWAN share prices soared 2.3 per cent higher yesterday on a technical rebound, buoyed by overnight rallies on Wall Street and following recent sharp losses, dealers said. "The main board had dipped too much on irrational selling since last week. The gains on Wall Street
      AFP  -  397 words
    • Article, Illustration
      Lock icon JAKARTA
      699 22 Bloomberg Composite Index +H3 INDONESIAN stocks gained after the government lifted the ban on palm-oil exports and simplified the rattan, timber, and log trade to comply with its agreements with the International Monetary Fund. It also named the 40 banks under the supervision of the Indonesian Bank Restructuring Agency,
      Bloomberg  -  699 words
    • Article, Illustration
      Lock icon BANGKOK
      794 22 AFP Qsrr Index +L5O THAI shares gained 0.3 per cent in lacklustre trade yesterday despite banking and finance firms continuing to post poor first-quarter earnings, dealers said. "There are no new factors to boost the market today, and it has already discounted the negative earnings by banks and finance
      AFP  -  794 words
    • Article
      Lock icon MANILA
      324 22 AFP F1 Manila *18 PHILIPPINE share prices closed 0.1 per cent higher yesterday due to selective buying of blue chips. The Composite Index rose 2.8 points to close at 2,154.28 points. Volume rose to 1.74 billion shares worth 7.28 billion pesos compared to 1.27 billion shares worth 935 million
      AFP  -  324 words
    • Article
      Lock icon SEOUL
      410 22 AFX-Asia n Composite Index -7.40 SHARE prices closed lower in quiet trade with sentiment remaining weak on lack of foreign interest amid uncertainty over the labour situation and the direction of the yen, dealers said. Large caps attracted bar-gain-hunting near the opening but faced heavy selling pressure towards the
      AFX-Asia  -  410 words
    • Article
      Lock icon SYDNEY
      606 22 AFP QAH Ordinaries -9.6 AUSTRALIAN share prices fell 0.3 per cent yesterday amid fears that the market is overbought and concern at a booming Wall Street, brokers said. The All Ordinaries Index was down 9.6 points at 2,856.8. The All Resources Index gained 7.2 points to 1,225.9 while the
      AFP  -  606 words
    • Article
      Lock icon WELLINGTON
      260 22 AFP PJ Wellington +9.5 STOCKS rose 0.4 per cent yesterday amid a fall in interest rates and a strong performance by Fletcher Challenge Ltd's paper stock, dealers said. The NZSE-40 rose 9.5 points to 2,319.96 on turnover of NZ595.7 million. Fletcher Paper gained 15 cents to NZ$3.O2. AFP km
      AFP  -  260 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8714 23 INDUSTRIALS Consumer products 1998 Last Vol Oly Net Cap m» Low Cin»m Sa«a 'OOP Htqli Law Pit. $■> 310 180 Ajinomoto 245 13.5 99.3 148 73 Angkasa 80.5 -7.5 24 82 78 1.9 118.7 290 123 Apollo Food Hlg 165 4.8 66.0 388 190 Berjeya Land 318 -6 727 330
        8,714 words
      • Article, Illustration
        Lock icon Shares fall again on corporate worries
        428 23 AFP C 3 Composite Index -4.31 MALAYSIA'S key stock index closed 0.7 per cent lower yesterday amid continued worries over more corporate failures, dealers said. The Composite Index fell 4.31 points to end at 619.67. The Second Board Index slipped 0.66 of a point
        AFP  -  428 words
    • WARRANTS & OPTIONS
      • Article
        H Leong Ind wrt: buy on weakness
        191 24  -  WARRANT WATCH -By R Sivanithy ACCUMULATING low-priced warrants that have plenty of time left and offer high gearing is one strategy that makes sense in a market as bad as this. In this regard, a look at the Hong Leong Industries warrant might
        191 words
      • Article
        Untitled
        3788 24 BONDS, LOANS WARRANTS *t 1998 Last Vol Day Lett Ouota Avg Miqn Low Stno Company Sot* tor OOO) High Low Buyer Seller Mm 23.5 9 nT 3000 m AMDS cS.5%*****6 13 5 12 5 13.5 20.5 8 3160 "Acer ******1 USS M 11.5 13 95 8.5 3164 Acma ******4 21
        3,788 words
    • Article
      CLOB INTERNATIONAL
      2412 24 Transaction date Apr 22 MALAYSIAN STOCKS Cr Gr 1998 Last Vol 0«y Last Ouot* Dlv Dlv YM Net M Cap High Low Stno Company Sato COOO) High Law Buyar Soior C'»r H P/l Smti "iii ii m$ 5000 AIS8 50C 695 ni 189 815 683 69 70 SO
      2,412 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6906 25 Transaction date: Apr 22 Cr Gr M W« '"8 List Vol Day Last OuoM Olv Otv YM Net Cap Hl «h L— «WH CM)t S*H roop) MH> L— Bayer low C'w P/f fgi Price INDUSTRIALS 43 18.5 e 1020 ACE Dynamics60c.... 27 -1.5 340
      6,906 words
    • Article
      SESDAQ
      1256 25 Cf Cf M Nt 1998 Last Vol Day Last Ouota Dtv Dlv Yld Nat Cap Avg High La» Strn Ci—ipy lata COOO> Law 8»r«r Mar Or P/Z turn Prtca 134 92 a 2000 ABRHIdgsSc 104 *1 23 104 K>1 102 104 463 w3 243 78 a 2049 AS Auto
      1,256 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      87 17 GOLD/f/PFEIL GERMANY The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt Trolley bags: $498 (left) $398 (right) Boutiques: 1
      87 words
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  • Page 18 Advertisements
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      27 18 FREE) If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. CATS. Another Classified Service
      27 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      203 19 Pan-West is proud to present the Pan-West Master Card. The Card that *K9Pv' combines the flexibility of the world's internationally accepted credit -ft card with all the privileges from the region's premier golf retailer. ~-p-~ j J A whole world of exciting benefits and privileges await you as a Pan-West
      203 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      83 22 calling'about See...l told The card we're the computer I you this was a 1 making for busan j I advertised in I X. go<xl deal >/ Yup, we got what V is going to be J V The Straits Times A fwe wanted because real nice! ctps J, r—*ok V
      83 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      215 26 Stocks VollMM StngTel 15c 6.747,000 Lion TeckC 50c 5.073,000 •Rekapacific Bit 4,946,000 IPC Corpn 5c 4,498,000 *M Resources 4,152,000 Keppel Land50c 4,133.000 STIC 25c 3.963,000 •Renong Bhd 50c 3,599,000 SIA Foreign 3,553,000 DBS Foreign 3,461,000 Stacks SPH 37,268,245 08S Foreign 36,464,634 SIA Foreign 36,302,419 UOB Foreign 17,257.414 SingTel 15c 17.048,825
      215 words
    • Article, Illustration
      Bank stocks lead falls as market sags further
      670 26  -  STOCK MARKET COMMENTARY Concerns over bank earnings and worries over health of Malaysian corporate sector; smaller cap stocks also hit Bu R Sivanithy [SINGAPORE] There was more misery in store for local stock market players yesterday as prices continued to sag on
      670 words
    • Article, Illustration
      HOT STOCK
      62 26  -  -by Shiv Taneja MRCB closed half a cent lower yesterday at 70.5 cents on a volume of 4.15 million shares, compared with its 10-day traded average of 6.6 million shares. Despite the daily and weekly RSI charts falling well below the 25 level, there is more downside in
      62 words
    • ON THE GRAPEVINE
      • Article
        A Titanic economy
        49 26 A FOREIGN businessman in Singapore likened the situation facing many Singapore-based companies in the wake of the regional economic crisis to the pre-disaster situation on board the Titanic. "People are drinking champagne and puffing on cigars," he said, "without knowing how much water is leaking in.".
        49 words
      • Article
        Love is in the web
        116 26 MTV video jockey Nadya Hutagalung confessed she did not know what e-business was, although she was gracing an e-business event of computer giant IBM on Tuesday. However, she does know what love on the Web is. She said people have met their loved ones on
        116 words
      • Article
        SRC'S Saturday Afternoon Fever
        110 26 IT looks like this Saturday's annual general meeting of the Singapore Recreation Club is going to be another heated affair with a number of disgruntled members going for the jugular of the president and his vice-president. Several resolutions critical of their handling of the club's affairs
        110 words
      • Article
        Silent catwalk
        124 26 DINERS during lunch at the Tiffin Room of the Raffles Hotel thought they were watching a pantomime as several ladies silently sashayed their way around the tables. And every now and then, they stopped to look around, looking lost. This almost prompted one gallant male patron to get
        124 words
      • Article
        Barclay's man
        95 26 UK's Barclay pic has appointed Mike Pitcher as vice-chairman of its Hongkong-headquartered Asian unit, Barclay Capital Asia Pacific. Mr Pitcher has been with the group for longer than, we suspect, he cares to remember, having started out as a junior branch officer in a UK country town called
        95 words
      • Article
        Invisible support
        91 26 IT must be really tough out there trying to run a restaurant, as a colleague recently found out to his bemusement He received a letter from a Marina South restaurant thanking him for his constant support and for being their regular customer. In view of his "valuable support",
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      331 26 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Guan Danhua of Blk 676 Hougang Ave 8 #08-565 Singapore *****6, have applied for a Beer House, First Class Licence in respect of M/s New Hougang Seafood Restaurant Pte Ltd located at Ang Mo Kio Ave
      331 words
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      Page 26 Advertisements Column 2
      340 26 NOTICE IS HEREBY GIVEN that, I Matchy Alex Ng Wei Kit of Blk 792 Woodlands Ave 6 #13-683 Singapore *****2, have applied for a Beer House 2nd Class Licence in respect of M/s Sun Marine Food Court Pte Ltd located at 3 Temasek Boulevard Suntec City Mall #03-050/052/054 Singapore *****3,
      340 words
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      Page 26 Advertisements Column 3
      650 26 NOTICE NOTICE IS HEREBY GIVEN that. I, UM CHEE KONG of APT BLK 80 LORONG 4.TOA PAYOH #13-462, SINGAPORE *****0, have applied for a RETAIL LIQUOR UCENCE in respect of M/S NTUC FAIRPRICE CO-OPERATIVE LTD (LIMBANG BRANCH) located at BLK 533 CHOA CHU KANG ST 51. #01-11 LIMBANG SHOPPING CENTRE.SINGAPORE
      650 words
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      Page 26 Advertisements Column 4
      82 26 ,1-^ I and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's
      82 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      322 27 Bridge News, Reuters THERE was disappointment herd at the early lack of activity in most areas of the freight market, brokers said. This sluggishness has caused some nervousness in the market despite the Baltic Freight Index climbing 8 points to take it back over 1,000 to 1,004. Biffex
      Bridge News,; Reuters  -  322 words
    • Article
      MARITIME STOCKS
      267 27 22 CWT Distribution 0.65 unch 14 Chuan Hup 0.485 Cotes Investment 0.80 ri*ahtUrtu 0.32 unch 35 G8 Hoidlngs 0.315 *0.015 6 HaiSunHup 0.55 unch 19 HK*hi Zosen 0.705 *0.005 114 ttHC HoMngs HK 5.60 J*ye HoMngs 0.48 -0.04 16 Jurong Shipyard 8.00 M«p«l Corp 4.18 unch 1247 KeppelFELS
      267 words
    • Article
      US Senate passes shipping reform act
      402 27  -  US shipping lines need no longer have to file tariffs and contracts with maritime agency By] Marcus Hand [SINGAPORE] The US Senate has passed legislation freeing US shipping lines from requirements that they have to file tariffs and contracts with the Federal Maritime Commission
      402 words
    • Article
      Lock icon HK seals off beaches after ship with chemicals sinks
      257 27 Reuters [HONGKONG] Hongkong has sealed off five beaches after a China-flagged ship carrying a container of chemicals sank, the government said yesterday. The crew left the vessel, named Koon Hong 211, and reached land before it sank just before dawn on
      Reuters  -  257 words
    • Article
      Prices are softening from already low levels and have yet to bottom out
      749 27  -  NEWBUILDS David Hughes WHEN the financial crisis hit South Korea it was unclear what the effect on the country's shipyards would be. To some observers it seemed that the Korean yards would get their just deserts for
      749 words
    • Article, Illustration
      Lock icon Howard denies govt involved in conspiracy
      357 27 I AUBTBALIAM DOCK TDBMOH. Adverse court ruling will not deter govt from dock reforms AFP [SYDNEY] Prime Minister John Howard denied yesterday that his government was involved in the conspiracy which a court found may have led to mass sackings of Australian dockers. The
      AFP; REUTERS  -  357 words
    • Article
      Eritrea team in S'pore to study port issues
      232 27  -  By: Felix Chan [SINGAPORE] A seven-mem-ber delegation from the state of Eritrea is currently in Singapore for a study visit on port-related issues. The delegation, comprising the director-general of the Department of Marine Transport and port managers from the two Eritrean ports
      232 words
    • Article, Illustration
      Lock icon Shipbuilder looks to China
      952 28 KAWASAKI HEAVY INDUSTRIES Japanese firm invests in China to fend off competition from S Korea and benefit from next shipbuilding boom Lloyd's Register Determined to fend off competition from South Korea and benefit from the next shipbuilding boom, Kawasaki Heavy Industries Ltd (KHI) is extending its
      Lloyd's Register  -  952 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      245 28 PAGE Djafc Lloyd 9 ACL 9 Dongnama 3 ANL 3 "I 5 Accord 8 ""'OP™ f> Appenship 5 Eurohans 6 Astro 3 Ewqrtw 6 Austral 9 EoongSun 8 BSA 7 6 Link Batamindo 7 Gemartrans 8 Bayswater 8 COTjh Pg 9 B'tang Mas
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    • Article
      SHIPPING GUIDE
      13191 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adytrtisar Vtss*i Voyjq# Ttlaphona ETA ETA Advartlsar Vassal Voyaqa T»lap«on» SiN Dast'n Nam* Nana Numtor Number SIN Dast'n Nama Nam* Nanfear NumOar ■■■■■■■MMMNMNMNMHHIMMMNMMMMMMMMNNMMMMNMMMMi 21/04 25/05 CMA VILLE D£ ANT ARCS 125W 65-*****22 To ABU DHABI/ST JOHNS (AUH) 2004 To BELAWAN (BLW) 2047 Sumatra,
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    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        760 41 Vo»»o> Voy No Igt Arrtvil Poporturo kcrnm 5 34 Mn«ud« 22.04/2200 Ml Wm MM JO* IW«M 2104/1000 Mw« An SA JOS MMOM* 22.04/H30 byMO «H OJ/W JOS rtip fc 22.04/2W0 MMMTHM 2 03/M J02 Moo«tiM 22.04/2 IrWM to 9010 J02 MvM 23.04/2300 *****0 J01 ttonfUf 23 04/0300 M
        760 words
      • Article
        CONTAINER SCHEDULES
        1762 41 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Manet Ritls SMp Voy Wo Ett/Btr Nrtod from To Frow *ci a*m on 20too M 22/BM 2 iw 22/500 22/800 22/HM 22/HM 22,"0C 21/049* 21/MM n 12/1700 2V0451 210*00 i 21/0700 2VMt 2vuoc 4 2 WOO 2VMM 21/1700 wwi SS
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      • Article
        GLOBAL HOLIDAYS
        198 41 Apr 28 New Zealand: Anzac Day. Apr 27 Australia: Anzac Day Holiday. Apr» Brunei: HlJrah. Indonesia: Islamic New Year Muharram. Malaysia: Muharram. Apr 20 Japan: Greenery Day. Apr 90 Finland• May Day Eve. Netherlands: Queen's Day. M*yl Austria: Public Holiday. Belgium: Labour Day. China: Labour Day. Finland- May
        198 words
      • Article
        COCKETT BUNKER MARKET REPORT
        907 41 THIS report, compiled by Cockett Marine 0U Ltd, (bow* price ran«M In US dollar* Initead of uncle price* for a more compreherulve detcrtpuon of the market Price* thown are baaed on average-died item Market movement* are Indicated. The Cockett Bunker Price Index change and the Individual
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      • Article
        VERITAS BUNKER QUALITY REPORT
        364 41 Can*, MO MM 988.0 0.7 18.0 0.31 123 0.0S A u Density gator HtMua Alii UmMm MtaNl In Mom E2S 0 0 5 0 1 1 r—380 Am 965.7 OJ 15.9 0.06 29 0.03 Ji, MO Max 992.9 2.0 J9.6 0.13 62 0.07 Mflri %ift m/m
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    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Colombia crash spurs calls for higher safely standards
        670 42 Plane was chartered by Air France from an Ecuadoran military transport company IHT [LONDON] American and European aviation regulators renewed calls for tighter safety standards in developing countries after the crash in Colombia of an Air France flight that was using a
        IHT; AFP  -  670 words
      • Article, Illustration
        Lock icon Canberra to give carmakers A$2b aid package
        178 42 Bloomberg [CANBERRA] The Australian government said it will give the nation's four carmakers as well as auto parts manufacturers an aid package worth as much as As 2 billion (552.06 billion) from 2001 to 2005, Industry Minister John Moore and Trade Minis- ter
        Bloomberg; REUTERS  -  178 words
      • Article
        Lock icon Vietnam Airlines plans to cut routes and restructure
        354 42 National flag carrier ended 1997 USs3.6m in the red Reuters [HANOI] National flag carrier Vietnam Airlines is planning to cut some loss-making routes and reduce flights to other destinations in a bid to stave off mounting losses, an airline official said. Flights
        Reuters  -  354 words
      • Article
        Lock icon Israel's Iscar, Rolls-Royce close to deal
        130 42 Reuters [TEL AVIV] Israel's Iscar Ltd and Rolls-Royce pic are close to launching a joint venture for the production of jet engine compressor blades for civilian aircraft, Iscar president Eitan Wertheimer said. "We have already signed an MOU (memorandum of understanding). We hope a
        Reuters  -  130 words
      • Article, Illustration
        Lock icon Kinnock to propose rules allowing sale of airport slots
        477 42 IHT [BRUSSELS] European Transport Commissioner Neil Kirftiock said he would soon propose new rules allowing airport take-off and landing slots to be sold, but they would not apply to airline alliances awaiting EU regulatory approval. "I do want to have arrangements
        IHT; FILE PHOTO  -  477 words
      • Article
        Northwest denies reports of plan to buy stake in PAL
        317 42  -  By\ Felix Chan [SINGAPORE] Northwest Airlines yesterday denied it is planning to buy a 40 per cent stake in struggling Philippines Airlines (PAL). "We have absolutely no plans to enter into any sort of transaction with Philippines Airlines," Northwest's chief
        317 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1726 42 cnv futm m man cn mm wo ofos 2235 WM Mf Ml 1930 8*7382 2055 <*<* 5026 2350 0f»1 1930 Ml mm _J*"» 235* $0229 2220 MH SOW* 1710 S0990 OWS Aasttrtea MJ43 0450 K1846 0040 fw|ltnHC $0003 1905 C2352 0035 S023 0710 KL838 2300 COP
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  • Page 27 Advertisements
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      20 27 Kawasaki Heavy Industries looks to China Japanese shipbuilder invests in China to fend off competition from S Korea. Page 2
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      313 27 Colombia crash spurs calls for stricter rules Plane was chartered by Air France from an Ecuadoran military transport company, BaokPa^e f RAFFLES CITY CONVENTION CENTRE ASIA yO y SINGAPORE 26-27 MAY 1998 J 'dialed Logistics Froa Plat to Cnytfori Challenges and Opportunities in the Asia Region' MartChem Asia 90 Km
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      897 28 yissa VQTAOI LSI SM VISSII VOT DAM PAN »AI COl MB SM VIUIOiSAOm* 02W515 M/M 25/ M PiO MQXIOTD DAJMUM 2M 04/05 M/M M/OS 15/05 10/05 M/M M/ 05 OOaMIUM 15W517 M/M 17/ M OOQ AMIRKA 25W514 21/04 OMIT** PtO NIDUOYD lAM AIM 0» 13/05 15/05 15/05 M/ 05 24/05
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      Page 28 Advertisements Column 2
      619 28 /ygg\« L.nes&servK*srepresented o» the I; ■OV;] by Members a# the Registry of r<-tf U.l Singapore Frwght Forwarders Accredited Shipping Agents Association Singapore Shipping Association ShlphngTimes^ Just talk to us... Iris Lim 740-2044 Jarrod Leong 740-2089 3 Jopon 2 x Hongkong 1 Momlo 1 Koo»h.ung. (baking FCI to WCK/NAHA/SfNOAI/CEftU/ICH) www ii
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      1080 29 SAX SERVICE (DIRECT) vtssa voy sura lux loml mi hou o« an »mm mi nk APIGJUBCT 003 29/04 14/05 17/05 U/05 19/05 H/OS 19/05 19/05 20/05 20/05 AftTIMOUOBE 01M 06/0S 21/05 25/05 25/05 26/ OS 26/05 26/05 26/05 27/ M 27/05 AftSnNß OQg 13/05 28/05 01/06 01/06 02/06 02/06 02/06
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      2202 29 HANJIN SHIPPING HANJIN SHIFTING (S) MI LTD hi* hw* cox NOKING 37M73S 737 SAIfS *****74 731 00<UMN1 3?*027! 274 OPERATIONS 37M241 257 MAIN UK *****55 MX 777 MM (I NO **********0 M [TO NW USA A CANADA USA CANADA* mvu/vor mm IST" uNimm/voT nw obi I ppx 100 I msp
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      1390 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEANCANADA VtMti yQY VST "uEH BTM WW lw HJ «SS& VOY Ml <0 BIT gf FOl W.C MTW TKMX COSMOS WQKO 24 04 IS M 1106 14 M ISM VU OMAMMICA WMSM ».M M 12 B 14M IS M IT 24 06 CHOYANG ATLAS
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      Page 30 Advertisements Column 2
      1342 30 MY IWMNKs WM Site http //wwwymlcofntw itvHH£jtl<t4* ft*.• «J ammm.reto wm-immm VESSEL VOY LEH FXT HAM ANR HFA SI I MALACCA BRIDGE ABIOE SLD SLD SID SLO SLO 2&04 MING SUN ABI IE SLD SLD SLO SLO SLO OS/OS MING GALAXY ABI2E SLO SLD SLD SLD 2M4 12/05 GIBRALTAR BRIDGE
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      Page 30 Advertisements Column 3
      386 30 LINE VJk TIL. SM34S* MXt ***** 12 MUARA LABUAN vissa «oi in m vcsa vor no iu SfOM HiAMA iron 1M m». cum via/n smb 7s/m «t cum vm/w n/w m/m iMOira vnt/w s/04 oi/os inova vni/* m/m oi/os tmaon vni/w oi/os os/os *«tcu*T viu/w oi/os m/os imm via/w 07/05
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      1506 31 [vessel voy sin pou pko pen blw sur pub~ ba bik IRAN VOJDAN PJL 1278 18/04 25/04 IRAN QHEYAMAT PJL 1279 23/04 02/05 IRAN VAHDAT PJL 1284 12/05 21/05 22/05 IRAN TAKHTI PJL 1285 18/05 28/05 29/05 IRAN TEYFOURI PJL 1287 28/05 04/08 05/08 I MALACCA GLORY PJL 1288 I
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      Page 31 Advertisements Column 2
      2382 31 DIRECT MIIIM '"3 1 TO SUWIAK XINGANGj I SINGAPORE'S GENERAL AGENTS:6 SHINTON WAY IE: 224 1900 FAX: *****00 OUTWARD (l/L) ,B,,, M, COSTAR SNIPPING PTE LTD #17-O«DISIIDG SAUS/KKGS *****4i/43 INWARD DIPT (D/ 0) *****15 COSTAR AGENCIES (M) SDN BHD CRNO: **********0W TOWER TWO (*****9) CONVENTKHUI *****50/55 T/SNPIRTDEPT *****25 TH: 02-07-35
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      1305 32 EUROP£/UK/3CAMO<HAVIA/TtHIANO/RUSBIA SGP ROM ANW HBG THP ZEE LNV LHV THP ROM ANW HBG PKL SGP E. ROUND RW-031 2V04 15-05 20D5 IMB 18/05 19*5 20/05 I. REFINE RE-015 28/03 30,03 29/03 31/03 02/04 27*4 24AM E RENOWN RW-028 02/05 20/05 25/06 21/05 23*5 24*6 E. REACH RE-018 04/04 06*4 05/04
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      Page 32 Advertisements Column 2
      924 32 MAC-NELS S PORE M'SIA I Carrier: MN COHTR LINES, INC I J cm HO! iaoO67SOOOOB SIBU: (064) *****9 MANILA: (632) *****24 V PENANO: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 KUOMNO (062) *****1-3 MANILA CINOA/IARCf 10NA/LE HARVT MV "PIYABHUM"
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      Page 32 Advertisements Column 3
      391 32 pfsk NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa I voy I sm I rui I pw I <ft I »/iat lUKUIPIIMCBS V.021S 30/04 14/05' 17/0S tmtUIQUttK V.077S M/ 05 17/05 22/05 24/05 21/05 mmAI DHAGOW VOO6S 17/05 24/05 30/05 03/04 mnAIPBIKt ***** 25/05 07/04 11/04 mrcufflms YO27S
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      376 33 i BSfl i. 'MM MYANMA wBBk FIVE STAR LINE (Myonmar Nationol Line) Loadiag for Yangoo (Rangoon) VESSEL VOY SIM PK6 PEM PGU PAGAN 254W SU ■AGO 101W SU) MALAYSIA AGENTS: OOUSTEAO SHIPPING AGENCIES KUL HI 01-03-*****00 PKL TEL 02-03-3/***** PEN: TU 02-04-*****02 PGO: TU 02-07-*****21/4 BANK LINE (A strvicf of
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      Page 33 Advertisements Column 2
      1195 33 I HYUNDAI MERCHANT MARINE CO. UP. VOY I SOU I LBI 1 RTB I AWT I NAN I RRV I HL m OH 303W 13/04 11/ OS U/05 11/05 >4/05 J J ®J/°J 0,/ M 02 M 2^2? NOL ft IS JO7W 24/04 15/05 14/05 10/05 12/05 KrW«M 3101 0
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      Page 33 Advertisements Column 3
      957 33 ttm norvtegiar spoookzsd oufocomeo ®2®OS V WmL/NES TO NORTH AND LATIN AMERia ™0 HEAYYUFT SttVKE' VKSH VOY I RAMP HBGHT SIN LAX Oti MIA SAV Ml OK NYC SW MM TAUMT Ffi»~ wss mr "oi7or is7^w^w^w^iWTT7ori27orwsrwor" TAMPIRE FIIO 4001 m 6.3 M 09/05 10/0* 19/06 22/0* 24/04 24/04 27/04 21/04
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      704 34 BANQKOK/LAEM CHABANQ JAKABTA/PANJAHO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN SUPA BMUM 04N In Pt 26/04 XETHA BHUM 23QS ln R 2S/04 Z MATHU BHUM 363N8 In Pt 26/04 XETHA BHUM 23QSB |nPt 25/04 1 ANAN BHUM 102N 25/04 29/04 GURU BHUM* 75S 25/04 28/04 1 ACX
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      Page 34 Advertisements Column 2
      426 34 BINTANG MAS SHIPPING PTE. LTD.I 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****6 SJNMER Wfm CR No: **********0W Receiving Cargo at PTI I- Blntulu i Mu»r» ~l nun toy si# ra <B IScno WBOBE 25 26/04 01/05 »W VWO« 26-77/04 01/05 1 felon V9805/E2B 29/04 05/05 MGoU
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      Page 34 Advertisements Column 3
      757 34 ACCORD A SHIPPING PTE LTD M±S TIL: *****15 (40 Unas) FAX *****30 KMJ KUMC (03) 3****** mf DIRECT ACCESS TIL *****5S (EXPORT BOOKING) MS/f CUOMO 107) 3SI 1377 *****34 (EXPORT DOC), *****39 (IMPORT) nHAMC (04) 33? 1441 URL:HTTP://WWW.ACCORD.COM.SG IULAtIk (tl) *40 0110 POKT IU SIN POtT ETA SIN POKT Ilk
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      Page 35 Advertisements Column 1
      363 35 tNPONESIANATIONA^N^I TO EUROPE *H EXPRESS SEMI-CONTAINERISED SERVICE VSI VOY I S PORE A DAM/R OAM H lURG SRtMEN ANTWERP A VESSEL 45VK8 22/W 21 iW OMIT 2/7 TO AUSTRALIA WILL CONTAINER SERVICE VS. VOY |*A s»| FRt I ttt I SYD I MB. I HBA lUK Ifflt KASUGAI VMS 23,04
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      Page 35 Advertisements Column 2
      1011 35 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street, #12-00, PIL Building. Singapore *****0 —AI I TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL Z I CR NO. **********0E OPERATIONS: *****6 a *****06 BANGKOK JAKARTA (WeeHy 5 Sit* P»T It Slg» LCH/1 Slg BMT) VESSEL VOY I SIN
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      Page 35 Advertisements Column 3
      769 35 VESSB-S VOY 8N I JED I MLA LEH HAM THP HTM Zg VHEOEANTARES L2SW 28/04 QMg 11/06 17/06 gW 20/06 2M» 21/06 VXEOEVWGO S29M 04/06 13/06 18/06 24/06 ag 27/06 27/06 28/06 VXEPEVELA N2SW 12/06 20*06 25/06 31/06 01/06 WW 03*16 04/08 VU-E DE GEMWA H2SW IftOS 27/06 01/06 07/06
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      52 38 To retrieve more schedules, just follow these simple steps... document gUai 740-6000^^^^f^ tep be faxed M you* Press"l" 6 J Select the port I Step Step key in the four number /f digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 United States for calls
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      125 41 1^ LEGEND: R Thunderstorm Temperoture c A y Shower Weother Wind direction with speed in knots Rom V^/ Cloudy Sky Wov Surfoee winds ore mdicoted by orrows wh K h fly witfc the wind One tut circle represents colm or fcght ond vonobte wmds i__ One hotf Heche represents 5
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      58 42 MV "OCEANIA QUEEN" VOY 27 ARRIVED 19 APRIL 1998 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 24 April 1998 0900-1200 hours at PT9. No further survey will be entertained thereafter. As Agents: "K" LINE KINKAI AB
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