The Business Times, 24 April 1998

Total Pages: 44
1 44 The Business Times
  • 12 1 The BusiNESSTiMEg MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, APRIL 24, 1998
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  • 67 1 □sra L.49&8S (+20.34) CBT-SBI C2L7I (+0.98) ff BTOOMP Lj (+6.39) Mbtmga UwßOfi (+2.84) El ■HUH HOODs STOCK HAKKET INDICES Thursday Change KLSE COMP ,***** +817 NIKKEI 15,***** +1X15 HANG SENG *****34 -6&M SET INDEX ***** 912 JAKARTA COMP -8.78 MANILA COMP —2,***** +1006 TAIPEI WPl 8.613.96 2166 SEOUL
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  • 77 1 FOSEX BATES us$ ss IBS 1-586 £<US$/SS per 1.667 1644 DM 1.793 0.885 YEN 130.6 1114* MS 3.766 0.421 HKS 7.760 0106 BAHT 39 OS 6.041 RUP1AH 7,926 0.020* St to 100 units FUME BATES SINGAPORE* 7.79 KUALA LUMPUR 11.50 JAKARTA 28.06 BANGKOK 14.75 MANILA 31M HONOKONG 1025 TAIPEI
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  • 1063 1  -  P2P Communications wins other mobile licence; one-fixed line licence awarded By\ Catherine Ong, Teh Hooi Ling [SINGAPORE] The government yesterday announced that it would award only one additional fixed-line phone licence and two more mobile phone licences, and the big winner was
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  • 623 1  -  Projects among 32 still not launched and sitting on sites bought in 1996/97 By. Diana Oon [SINGAPORE] About a dozen unlaunched 99-year condominium projects coming up on sites bought in 1996 and 1997 will incur losses if sold today at
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  • 701 1 Rate seen as foreshadowing yuan's official valne IHT [SHENZHEN. China] Officially, China's currency has weathered Asia's economic crisis unscathed. But at Chen Donghua's Chinese herbalmedicine shop in this city just outside Hongkong, the yuan has started a modest slide. "The currency
    IHT  -  701 words
  • 983 1  -  Deal covers all non-performing loans found during period From Meera Tharmaratnam m Kuala Lumpur IN AN announcement that stunned analysts and fund managers, financial services group Rashid Hussain Bhd yesterday said that Bank Negara, the country's central bank, had given a
    REUTERS  -  983 words
  • Page 1 Advertisements
    • 121 1 man m£ 1 o—i appeal The Melbourne Federal Court has dismissed an appeal by Patrick Stevedores against an earlier order that it reinstate the 1,400 dock workers it sacked two weeks ago, llhlyyliig TtmcaFgl Tbai Petncbem pots IM battles Thai Petrochemical Industry pic yesterday reported the largest annual loss in
      121 words
    • 4 1 Project details, Pg 2
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    • 158 1 Govt wary about 3rd fixed-line operator, Pg 2 Automatic Chronometer in 3161. steel, by Mauboussin. SS 5,380. IVI/MJBOUSSIINI since iB2 J EXCLUSIVELY AVAILABLE AT: MAUBOUSSIN BOUTIQUE #01 19A NGFE ANN CITY 3918 ORCHARD ROAD SINGAPORE *****4. TEL (65) 735 1272 ROY EASTERN WATCH #01 86/88 #01 74 LUCKY PLAZA 304
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  • SINGAPORE AT HOME & ABROAD
    • 490 2  -  Competition must be sustainable or else there'll be a cost to the economy: Mah Catherine Ong, Teh Hooi Ling THERE will be a cost to the economy if the government allows three full-fledged facil-ities-based telecoms operators in Singapore now, only to realise later
      490 words
    • 170 2  -  Developer passing on full 15% rebate totalling $1.4 m By\ Imelda Tham ARCASIA Land, a developer of science parks and hightech industrial properties in Singapore, is passing the full 15 per cent rebate in property tax to its tenants, which adds up to $1.4
      170 words
    • 302 2  -  File Net's S'pore ops to eventually support global customers By- Raju Chellam US workflow software firm File Net Corp yesterday opened in Singapore its third global hub for its support operations. This hub will eventually take over support functions for eight-hour periods
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    • 178 2 SINGAPORE Telecom and Citibank yesterday launched a phone/Visa credit card hybrid that will allow users to make free international phone calls based on bonus points earned from using the card for cashless transactions. Dubbed the Citibank SingTel ICC Visa Card, the card marries the cost-savings
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    • 307 2  -  EYE ON THE ECONOMY Inflation Audrey Tan CONSUMER prices rose a mere 1 per cent last month, despite a substantial rise in health and housing costs. Figures released yesterday by the Department of Statistics (DOS) show inflation stayed low for the fifth month in March,
      Source: Dept of Statistics  -  307 words
    • 605 2  -  By Diana Oon JUST under one-third of the 46 or so non-landed residential sites sold in 1996 and 1997 have had their developments put on the market. And response to some of these 13 projects has hardly been hot, even though they were launched
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    • 211 2  -  By, Jenny Lam SINGAPORE Technologies Properties (ST Properties) will be launching The Rivervale its third and largest executive condominium project on May 8. Managed by Pidemco Land, The Rivervale will be the first executive condo to be launched where all units will be
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    • 234 2 Singapore has become the sole regional base for Starwood Hotels and Resorts which runs the Westin and ITT Sheraton group of hotels with the recent appointment of Ted Teng as president of Asia Pacific. Previously, the regional base was split, with the North Pacific
      234 words
    • 245 2  -  By> Abdul Hadhi APART from a freehold district 9 apartment which went for a very attractive price, real estate firm Knight Frank did not manage to find buyers for any of the other 10 properties that were up for auction yesterday. The
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 169 3 Building the Right Global Telecoms Networks Building the right networks is the cornerstone of WorldCom's strategy. H\ Why? Because delivering innovative services, i managed end-to-end around the globe is what customers demand. They want quality telephony services, highspeed Internet access, and seamless fibre-optic connectivity with no international capacity X bottlenecks.
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  • MARKETS IN TURMOIL
    • 627 4  -  HK FINANCIAL MARKET REVIEW Financial Secretary affirms currency peg says interest rates still the most potent defence weapon From Loh Hui Yin in Hongkong HONGKONG'S finance chief reaffirmed the territory's currency peg with the US dollar, tightened corporate compliance of securities laws,
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    • 505 4  -  Plan will enhance supervision, market transparency, investor protection Reports from Quak Hiang Whai in Hongkong A SERIES of measures to further fine tune the supervision and efficiency of the financial system has been recommended in the latest financial review. Besides pledging to stick strictly to
      505 words
    • 507 4 it let currency board system adjust itself, says HKMA chief THE Hongkong Monetary Authority did not intervene in the money markets by jacking up interest rates nor take punitive measures against speculators and banks during the currency crisis last October, as widely alleged by
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    • 582 4  -  'Delay' allowed for in IMF deal; rupiah ends marginally higher than its Wednesday close From I S N Vasuki in Jakarta CONFUSION persisted in financial markets yesterday over the government's implementation of a bankruptcy law, but the rupiah took it in its stride.
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    • 687 4  -  ADB OUTLOOK Fall mainly reflects forecast Korean slump; S'pore, HE to see 3% growth From. Anthony Rowley in Tokyo ECONOMIC growth in Asia's newly industrialising economies (NIEs) will fall to 2.2 per cent in 1998 compared with 6 per cent last year,
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  • Page 4 Advertisements
    • 10 4 TODAY M_ianhe Zaobao 'I ■I' |k| "iRE tii k w
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    • 108 4 Guess who already has the upper hand? t* A muni first impression .tiul .i lmhh! sliirt h.iiul m li.ukl.A will t.nloioil shut. tor wist.itH'o. should rovo.il ,i c lift |iist oik 1 li.ilt null Ih'ikmili tho skew ot void suit CYC's t.nlors will In- most ijl.ul to show von wli.it
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    • 92 4 WORLDWIDE I Since 1975 our worldwide staff of over 27S multi-disciplined professionals I including lawyers, chartered accountants, chartered secretaries and I bankers have provided confidential and cost effective company formation I in all the major low tax areas including: I Full professional after sales service provided. For a FREE copy
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  • SOUTH-EAST ASIA
    • 388 5 MANILA Survey results come as probe clears him of links to alleged plot to kill Ramos AFP PHILIPPINE presidential candidate Joseph Estrada has widened his lead less than three weeks before elections, two private polls showed yesterday, as investigators cleared him in a
      AFP  -  388 words
    • 249 5 SIEM REAP, Cambodia AFP DEPOSED Cambodian co-pre-mier Prince Norodom Ranariddh said yesterday that his opposition alliance will decide in the next week whether to boycott July's scheduled elections. The prince, making his second return home since he was violently ousted last July, made his comments
      AFP  -  249 words
    • 85 5 [KOTA MARUDU, Malaysia] An ethnic Rungus girl playing with burnt-out paddy stumps at a parched paddy field in Merlebau village, in the East Malaysian state of Sabah on Borneo island on Wednesday. A combination of drought andforest fires have shrivelled crops on the island of Borneo,
      REUTERS  -  85 words
    • 353 5 ■JAKARTA Incident the worst as protests across the country continue AFP INDONESIAN police yesterday pushed back student protesters in Bali who attempted to march on the parliament, leaving at least 12 students injured, sources said. The disturbances on the resort
      AFP  -  353 words
    • 271 5 BANGKOK AFP THAILAND and Malaysia will examine ways to set up a clearing house for trade in local currencies in a step which brings Asia closer to bypassing the dollar, a report said yesterday. The idea was discussed at a meeting between Thai Prime
      AFP  -  271 words
  • Page 5 Advertisements
    • 67 5 1 i »gH| foifr t yotiUl ftnd tiiat J :\V\ m r*Hfihm*r i* >— ■—j we're to take j 11 /1 u wd] as new horizons. *"*ii«i nam <f k. \> f m /^7y k>Ov —.v lii > 0700.' ■■HnfflMHl K'Vrfl H Bi 1 Fuji Xerox Singapore Pic Ltd. 5
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  • FOCUS
    • 1003 6  -  Mahathir's likening of both countries as spouses indicates reconciliation after recent tiffs By' Yang Razali Kassim The writer is BT's regional analysis editor [SINGAPORE] THEY have often been described as brothers. Now Prime Minister Mahathir Mohamad would rather liken them to husband and wife. He
      FILE PHOTO  -  1,003 words
  • Page 6 Advertisements
    • 59 6 V DESIGNER ITALIAN FURNITURE... UP TO 75% SAVINGS Th nces a,e that makes you sit up (last 3 days only) Yes. till this Sunday. 26th of April, our Italian-made sotas. wardrobes, coffee tables, armchairs and dining sets are at affordable prices. So. don't sit on it come and check them
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    • 180 6 It s time yg-(releo-'iatiati <U Secie&vtie<3, to reward Pamper her like a star to an all-expense paid luxurious weekend suite stay with limousine pick-up and 3 delightful dining. It will be the u m m jidi Mm ultimate dream retreat each jml worth $3,000 for two very RH fortunate secretaries!
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  • CHINA-HONGKONG-TAIWAN
    • 458 7 BEIJING Officials see top Taiwan negotiator visiting China by year-end AFP LANDMARK talks between China and Taiwan ended yesterday with no concrete results but hopes are strong that a high-level visit to the mainland will be arranged before the end of the year.
      AFP  -  458 words
    • 190 7 BEIJING AFP FOURTEEN million Chinese workers have been laid off as part of reforms of state firms, and the unemployment rate has climbed to 5 per cent, the official press reported yesterday. The 14 million included some workers who were still counted as unemployed although
      AFP  -  190 words
    • 28 7 [BEIJING] Visitors view a twisted bike that's part of a road-collision display on Wednesday at the National Road Traffic Safety Exhibition held in Beijing. AFP
      AFP  -  28 words
    • 217 7 BEIJING AFP CHINA'S customs department has launched a package of measures aimed at countering the effects of the Southeast Asian crisis on foreign investment, reports said yesterday. The cornerstone of the measures are preferential tax exemptions for foreign investors who import equipment from abroad
      AFP  -  217 words
    • 363 7  -  US president to meet Tung, opposition leader Martin Lee From Loh Hui Yin in Honqkong US PRESIDENT Bill Clinton and Chinese President Jiang Zemin will visit Hongkong separately to mark the Special Administration Region's first anniversary of the handover. Their visits, though
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  • Page 8 Advertisements
    • 137 8 Just how manyfree insertions can you win in The Straits Times Readers' Pick of the Press Awards? M| That's right, 8 free full-page, full-colour insertions. Or 2 merit prizes of 4 free insertions each. That's what you, the advertiser, stand to win Lpn when your ad gets judged by The
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  • ASIA
    • 226 9 NEWDELHI AFP INDIAN Prime Minister Atal Behari Vajpayee's coalition braced itself for fresh trouble yesterday after a minister attacked a key leader of the alliance for seeking his dismissal. Urban Development Minister Ram Jethmalani attacked the chief of the AIDMK party, Jayaram Jayalalitha, who
      AFP  -  226 words
    • 461 9  -  But no new commitment to use public funds to resolve banks' non-performing loans Frcn) Anthony Rowley in Tokyo THE ruling Liberal Democratic Party has proposed a series of measures to rid the banking system of its bad debts and free up the land
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    • 411 9 TOKYO Companies plan 4.5% reduction in year to March '99: survey Bloomberg JAPANESE companies plan to scale back capital investment in the year to March 31, 1999, signalling they expect sales to remain weak in 1998, a survey of executives by the Economic Planning
      Bloomberg  -  411 words
    • 456 9 SEOUL President seeks to allay fears that labour unrest will set back recovery Bloomberg, AFP SOUTH Korean President Kim Dae Jung, moving to allay concern that labour unrest will unhinge the country's economic recovery, said a landmark agreement between the
      Bloomberg,; AFP; FILE PHOTO  -  456 words
  • Page 9 Advertisements
    • 349 9 Under favoured instructions from Price Waterhouse Intrust Limited, the Receiver and Manager mandated by the creditor bank to realise the Sh. Sameyeh Pte Ltd Collection which includes Museum Level examples, Mr Bruce Granger will conduct AN IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION HIGH INTERNATIONAL STANDARD exceptional and rare items seldom offered in
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    • 9 9 ifcfe'-nf •>? wr :^MmS TSlfik v JbrK*X- *t IjP>R\l)\ > p
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  • THE WORLD
    • 509 10  -  Report says BOE's monetary policy panel has moved decisively against interest rate rise Front Neil Behrmann in London THE British pound is at last off the boil following leaks that the Eiank of England's monetary policy committee has moved decisively against an increase
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    • 341 10 BONN AFP GERMANY moved one step closer to final approval of the European single currency yesterday when the lower house of parliament, the Bundestag, approved joining the euro. The upper house, the Bundesrat, is expected to seal the parliamentary approval when it
      AFP  -  341 words
    • 830 10  -  EUROPEAN VIEW Or how unexpected developments can cause the most major of upsets Kevin Sullivan IT will surprise few readers that in this week's report on the world's most competitive economies the one in which Singapore and the United States came out on top
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    • 403 11 NEW YORK Monetary policy most be preemptive to keep growth strong FOMC official Bloomberg THE influences keeping inflation down in the US may be temporary, and that is an issue for the Federal Reserve, said Kansas City Fed Bank president Thomas Hoenig. Low
      Bloomberg  -  403 words
    • 196 11 WASHINGTON Bloomberg US TREASURY Secretary Robert Rubin denied he plans to leave his post or that he wants to replace Alan Greenspan as chairman of the Federal Reserve. "It's not true," Mr Rubin said when asked about the latest reports that he plans
      Bloomberg  -  196 words
    • WORLD Watch
      • 67 11 AFP [LONDON] Northern Ireland's peace process moved another step forward yesterday after the British and Irish parliaments paved the way for May 22 referenda on the Belfast accords reached earlier this month. Sinn Fein leader Gerry Adams said after a meeting in Dublin with Irish
        AFP  -  67 words
      • 66 11 Reuters [TEL AVIV) A waitress setting table places in cafe Ke'ilu which serves customers heaped plates and overflowing mugs of nothing. Ke'ilu which loosely translates as "nothing" from Hebrew, or "Cafe Make Believe", charges US$3 for the privilege of ordering from a would-be menu. The cafe manager
        Reuters  -  66 words
      • 57 11 Reuters [BONN] The German economy will grow some 3 per cent this year despite the dampening effect on exports of the Asian financial crisis, the German savings banks association said yesterday. Spending had already picked up this year and joblessness seemed to have passed its
        Reuters  -  57 words
      • 52 11 Reuters [GENEVA] World Trade Organisation economists yesterday warned that a growing network of regional trade arrangements in southern Africa could bring problems for the five countries of the region. They said a simplified tariff structure would increase the efficiency of foreign trading relations of the
        Reuters  -  52 words
    • 733 11  -  LETTER FROM LOS ANGELES ...with pretenders like Digital Coast, Silicon Prairie Eric Ellis WE have all heard of Silicon Valley that precocious, hard-driving standard-bearer of Bill Clinton s much-hyped "new economy" that stretches for 100 km south-east of San Francisco. But what
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  • Page 10 Advertisements
    • 494 10 TME MATTER OF THE COiMPANIES ACT, CAP.SO AND IN THE MATTER OF HANEIO INTERNATIONAL PTE. LTD (In Memtiers' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2Xb)] At an Extraordinary General Meeting of the Company held at 9 Penang Road #12-00, Singapore *****9 on the 20th day
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    • 514 10 NOTICE IS HEREBY GIVEN that, I Cheong Fong Kuen of Blk 738 Bedok Reservoir Road #03-5378 Singapore *****8, have applied for a Ist Class Beer House Licence in respect of M/s Padang Sari located at 269 Balestier Road Singapore *****0, and that this application will be considered by the Liquors
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    • 1465 10 BUSINESS NotiCeS To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FORMITAUA PTE. LTD. (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 47 Hill Street, Chineae Chamber of Commerce
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    • 438 10 NOTICE IS HEREBY GIVEN that, I Mdm Lim Seow Kim of 52 Jalan Chengkek Singapore *****5, have applied for a Wholesale Liquor Shop Licence in respect of M/s World Wines Spirits located at 111 Telok Ayer St Singapore *****0. and that this application will be considered by the Liquors Licensing
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  • Page 11 Advertisements
    • 378 11 Best Golf Cruise Offers M uj— i LEISURE WORLD Pamper yourself with a well deserved break. Play golf at Tering Bay truise onboard M/V leisure World Pikes: Ssl6B (men) Ssl4B (ladies) (Both packages include all golf arrangements, meals 1 nite's stay onboard M/V Leisure World.) Departure dates: May 6th 20th,
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  • Page 12 Advertisements
    • 102 12 Smart Message, i enjoy instant updates and information whenever I want. I %*Woyfi Smart Stocks i I 'W~ :nrr ::r:r ns.„. I •s'* i ;s:"jjj! *Hf ifti f»r» n, j t I updates on all your stocks. I You can even request for the top 10 volume traded, gainers and
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  • EDITORIAL & OPINION
    • 738 13  -  THE BOTTOKLDVE OPINION By Raju Chellam The author is a BT correspondent BOTH economists and scientists have long suspected a direct correlation between the amount companies spend on research and development (R&D) and their bottom lines. The belief was that the more emphasis
      738 words
    • 129 13 'If there were no IMF, there would be no Asia problem. Maybe there would be individual problems, like Thailand, but it wouldn't be a huge crisis throughout Asia' Milton Friedman Nobel Laureate in Economics and renownedfree-marketeer. The Asian financial crisis will one day be regarded by economic
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    • 609 13 EDITORIAL Confidence is arguably the gravest casualty of the economic crisis which has enveloped most East Asian economies. In Singapore, this is reflected in a range of key indicators —from new capital issues on the stockmarket to net new company formation. The amount of
      609 words
    • 1162 13  -  Yeltsin-Hashimoto summit may have paved way to expanding ties, with long-term strategic and economic implications By. Anthony Rowley The writer is BT's Tokyo correspondent LAST weekend's summit between Japanese Prime Minister Ryutaro Hashimoto and Russian President Boris Yeltsin at the Japanese resort of Kawana was dubbed
      FILE PHOTO  -  1,162 words
    • 892 13 The rnpUb Is the kef BANK Indonesia (the central bank) moved again on Tuesday to tighten its monetary policy in another concerted bid to strengthen the rupiah and encourage people to hold the currency and put their savings into the domestic banking system. Less than one
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  • Page 13 Miscellaneous
    • 25 13 DOONESBURY By Garry Trudeau rr—f I G iajtuzpurk I watM places, as a HIT Tn oe&NsiorrH VWir SS3S? sbksssst'i. igr^rfF™\ -</ (U/ItKSePAN 11 HBMIN&ijaY/ MO,WX ttWHex.
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  • EXECUTIVE LIFESTYLE
    • 1015 14  -  jay carr sifts through the studio's offerings through the decades to highlight its deserved place in Hollywood history JAY CARR The Boston Globe THEY called their studio Warner Bros, but they weren't always brotherly. Jack, the youngest, was the on-site brother in Burbank, California, grinding out
      The Boston Globe; FILE PHOTOS  -  1,015 words
    • 291 14 SPORTS LATWP [PARIS] France was Invaded by the rest of Europe on Wednesday as telephone callers from around the continent vainly tried to reserve tickets for this summer's soccer World Cup. France is the host for the June 10-July 12 tournament, and it
      LATWP  -  291 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 305 15 Where to wine, dine and entertain.. ~t iH Imagine yourself, the superstar for a weekend. A chauffeur driven Mercedes to tKe ANA Hotel's Presidential Suite. A co!d Lottie of Champagne,a whole weekend of beauty treatment, glamour shots, the finest wining and dining. And free meals at the ANA hotel for
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    • 92 15 J*. APOLLO HOT€L SiNGAPORC SECRETARIES^WEEK wHK*3P KINTAMANI f -INDONESIAN RESTAURANTMCATIimc Secretaries' Week Buffet Nonya Buffet Lunch $22.00 $26.00 Daily Kicky draw ft door gifts only ■or reservations please call: For reservations please call: 733 2081 ext.46B 733 2081 ext.4o3 All pnees subieu lo KW service charp.-. I* ccss jnd 3*
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    • 237 15 Buy It. Sell It. Find It. Classified. ICATS. Call Today For Results Tomorrow. 1800-*****66 Secretaries' tyf&ek' fecials 20 to 25 April 11 Dedicated. Efficient. Conscientious. Display your appreciation for your secretary with an exquisite 4-course Continental Set-Lunch at Restaurant Raphael Only J2s+++ per person. Enjoy specialities like Salmon Gravadlax, Chicken
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  • Page 15 Miscellaneous
    • 763 15 TV&RAPIO (See Our Choice). 10.00 News In Mandarin. 4.00 News 5 Today followed 10.30 Focus. ——n 2JO PM TV Innovations. by Afternoon at the ILOO Tales Of The Third 4.00 Kidz Blitz: Alf Tales II Movies. Kind (Lastep). i (Lastep). 5.00 News 5 Today followed 12.00 MN Midnight Movie 4.30
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    • 199 15 CBTPTIC CROSSWORD 1 South Thamesside area that's changing (8) 9 Stagger as a result of shots in a disturbance (8) 13 Walk around one's man legions (4) 20 Bringing to notice an odious fellow I H ■■IH■ET^ET 21 Money invested in London 0 31 Fly from ordeal with utmost speed
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  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 727 17  -  Some say it will make it hard for Asian rates to be lowered but others see little impact By' Wong Wei Kong [SINGAPORE] A hike in US interest rates will be worrying for Asia as it will make it more difficult
      727 words
    • 428 17  -  USs3.66m paid for 24.4 m new shares at 15 US cents each By Ven Sreenivasan [SINGAPORE] In an effort to diversify into the property sector, Sesdaq-listed Heshe Holdings has bought a 10 per cent stake in mainboardlisted China property group, Dragon Land Ltd.
      428 words
    • 825 17  - Why no more calls from you, market movers HOCK LOCK SIEW R Sivanithy WHAT'S happened to covered or call warrants in the local market? A couple of years ago, there were five or six such instruments trading at any one time with at least three major financial institutions writing calls.
      825 words
    • 580 17  -  Modest profit growth also projected for current year By, Jenny Lam [SINGAPORE] Despite dismal retail conditions, Courts Singapore is projecting a 15 per cent increase in sales and a modest profit growth for its current financial year. The growth will come from three new
      CHRIS LOH  -  580 words
    • COMPANIES
      • 462 18 With 118b baht in liabilities, it faces revamp to ward off liquidation: analysts Reuters [BANGKOK] Thai Petrochemical Industry pic (TPI), which yesterday reported a loss of 69.26 billion baht (Ss2.B billion) the largest annual loss in Thai corporate history has
        Reuters  -  462 words
      • 164 18 Bloomberg [JAKARTA] PT Bank Negaca Indonesia, the country's sec-ond-biggest publicly traded bank, said 1997 profit fell 5.9 per cent after the rupiah's collapse prompted an increase in provisions for bad loans and drove up costs. Profit fell to 315.12 biUion rupiah (*****.7 million) from
        Bloomberg  -  164 words
      • 280 18  -  By] David Boey [SINGAPORE] Tai Sin Electrical Cables Manufacturer made an impressive debut in the stock market yesterday, grabbing pole position in the actives list. In fact, the Sesdaq-listed electric wire maker ended the day with a trading volume that was bigger than the number
        Source: Bloomberg  -  280 words
      • 303 18 [SINGAPORE) A firm session in Malaysia yesterday helped the Straits Times Industrials Index end a losing streak that extended almost two weeks. But surging interest rates in Indonesia meant a 1.8 per cent drop in share prices there, making for a mixed session for regional
        303 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 363 19 Cigarette maker also edited research reports, directed Bloomberg [WASHINGTON] The RJ Reynolds tobacco company routinely destroyed or suppressed research studies that linked smoking to cancer and other ailments, according to industry documents made public on Wednesday by House Commerce Committee chairman Thomas Bliley. A 104-page
        Bloomberg; AFP  -  363 words
      • 222 19 Bat it warns of slower growth for rest 0f1998 AFP [REDMOND, Washington] Microsoft on Wednesday reported quarterly earnings per share of 50 US cents, a 25 per cent inertiase over the 40 US cents earned in the year-earli-er period and
        AFP  -  222 words
      • COMPANY Briefs
        • 82 19 [SINGAPORE] TO gain a foothold in the Chinese music market, musk and video production company Form Holding! has signed a three-year contract with pop artiste Eric Moo. Under it, Moo will produce tour albums which will be released progressively. Moo is a pioneer
          82 words
        • 78 19 Bloomberg [LONDON] Imperial Chemical Industries pk said ft first-quarter net income more than doubled after I Britain's biggest chemical company sold assets in a I wide-ranging reorganisation programme. ICI said first-quarter net income roee to £84 million (*****.9 million), or 11.7 pence
          Bloomberg  -  78 words
        • 54 19 Bloomberg [STOUGHTON, Massachusetts] Reebok International Inc said first-quarter profit fell 49 per cent on slower sales of its namesake athietic shoes and appareL Profit before a charge fell to US$2O.3 million (5532.2 million), or 36 cents a diluted share, from US$4O.2 million, or
          Bloomberg  -  54 words
      • 284 19 AFP [SYDNEY] News Corp yesterday launched a newspaper price war against arch rival John Fairfax Holdings Ltd, slashing the cost of its national daily The Australian by more than half. In shades of chairman Rupert Murdoch's aggressive price-cutting war in Britain, The Australian's
        AFP  -  284 words
      • 188 19 Reuters [SYDNEY] J B Were Son in stitutional dealer Greg Doyle and a mining company director, Alan Evans, appeared in a Melbourne court yesterday charged with insider trading, the Australian Securities Commission (ASC) said. The charges related to the purchase of shares in Mount Kersey
        Reuters  -  188 words
      • 252 19 Bloomberg [HOUSTON] Mobil Corp, Shell Oil Co and DuPont Co's Conoco Inc reported sharply lower fiirst-quarter earnings as gains from fuel sales were cancelkxl by oil prices dropping to nine-year lows. Profit at Mobil, the sec-ond-largest US oil company, fell 15 per
        Bloomberg  -  252 words
    • FINANCE & COMMODITIES
      • 434 20 Bid is rich, making it hard for Mellon not to consider shareholders' wishes Bloomberg [NEW YORK] It's holy writ on Wall Street: every bank takeover is a blessing. So, Mellon Bank Corp, the pride of Pittsburgh, soon could
        Bloomberg  -  434 words
      • 142 20 Bloomberg [TOKYO] Industrial Bank of Japan Ltd said it will repackage and sell up to 700 billion yen (SsB.s billion) in performing loans overseas, in one of the biggest moves to securitise assets by a Japanese bank. The sale is part of a push to
        Bloomberg  -  142 words
      • 195 20 Bloomberg [MUMßAl] Industrial Credit Investment Corp of India Ltd (ICICI) said fiscal 1998 profit rose 40 per cent beating analysts' expectations as it loaned more for projects such as road building, ports and power plants. The country's second-big-»uest long-term lender, better Wnown as
        Bloomberg  -  195 words
      • 253 20 Bloomberg [WASHINGTON] Securities and Exchange Commission chairman Arthur Levitt said mutual-fund companies should personalise statements sent to customers by providing returns and costs tailored to each customer's investments. One fund company, American Century Investments in Kansas City, said it intends to unveil within
        Bloomberg  -  253 words
      • 177 20 SIMEX Report Reuters (SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures strengthened yesterday on speculation the Bank of Japan (BOJ) might lower banks' reserve requirements at today's policy meeting. Dealers said renewed rumours the central bank would cut either its official discount
        Reuters  -  177 words
      • 167 20  -  MSCI TAIWAN FUTURES Charlie Kuo service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose for the second day on the back of record highs on Nasdaq and S&P 500 overnight. The April 98 contract finished up
        167 words
      • 305 20 ENERGY REPORT Bridge News [LONDON] The recent agreements reached in Riyadlj and Vienna to reduce world oil supply have averted an oil price disaster, but the market still needs persuading that the Opec and non-Opec producers will deliver on their promises, the London-based Center
        Bridge News  -  305 words
      • 272 20 Reuters, AFP London THE dollar ended firm in Europe just over the 130-yen level ahead of Japan's stimulus package due today. Expectations are that the package will fall short of the mark and do little to boost the Japanese currency. The dollar had been boosted against the yen
        Reuters,; AFP  -  272 words
      • Article, Illustration
        1223 20 PTTBRBAMK CROSS BATES Apr23 AS CS taH> ECU Ffr Om UK Indls t*Uk Yw Woe W MS Mi is Pm S$tK S>r WT$ IK Nt Mil Australia 0.932 6.171 0.591 3.915 1168 5.050 ***** ***** 0.851 0916 2.453 **********5436 1033 3293 0.966 ***** ***** 93R 0652 Canada 1073 5.804 0434
        1,223 words
    • 1816 21 8I00MPPT0RES Apr23 RU88ER (Mum closing u at 5.30pm) ISS1 C0MTRACT(S cmtsA?) Clow Votaow 0pm Month HJqh Low Soft <to»wos) W«fwt May 98 118.00 118.00 117.75 150 MOO Jm 98 118.50 1750 M 98 ***** 119.50 120.00 200 2865 Aug 98 ***** 1665 Sop 98 124.75 1665 0d/0ec 98
      1,816 words
    • 2393 21 LONDON Industrial A*r 23 huti *h X Group 592.000 -1.400 AB Ports 356.000 1.000 Abbey National 1165.000 -10.000 Allied Domecq 623.000 3.000 Am*c 173.400 5.400 Asda Group 195.000 -9.000 BAT Ind 565.000 -11.000 BG Pic 305.000 1.000 BICC 156.000 -3.000 BOC Group 967.000 25.000 BR Petroleum 917.000
      2,393 words
    • 1611 21 Bloomberg O Nikkei 225 +OJS JAPANESE stocks were little changed as gains at Kao Corp on better-than-expected earnings were offset by declines at Sony Corp and other exporters before the release today of a new economic recovery package. "The market sees Kao's restructuring efforts as lifting a heavy drag
      Bloomberg  -  1,611 words
    • Article, Illustration
      1521 22 Reuters PHangSeng -68*53 STOCKS drifted to a lower close yesterday in subdued trade with concerns over a fragile local economy weighing on sentiment, brokers said. The Hang Seng Index lost 58.53 points, or 0.53 per cent, to 10,918.94 after hitting a low of 10,827.91. "In times of crisis people
      Reuters  -  1,521 words
    • Article, Illustration
      642 22 Reuters Shenzhen B Index -2J23 SHENZHEN'S B Share Index ended sharply lower yesterday as investors braced for a final batch of weak 1997 corporate results in the days ahead, analysts said. The hard currency B Share Index slumped 2.23 points, or 2.51 per cent, to 86.67 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  642 words
    • 368 22 AFP nwpiadn -2256 TAIWAN stocks fell 0.3 per cent yesterday as investors locked in profits from the previous session's sharp gains. "Profit-taking dominated the trading after yesterday's big rally," said Hsu Heng-yu-an of Dah Hsin Securities Co Ltd. The Weighted Price Index dropped 22.55 points to 8,613.96, following a
      AFP  -  368 words
    • 260 22 AFP kl Wellington -5.51 NEW ZEALAND shares closed down 0.2 per cent yesterday in directionless trade. The NZSE-40 index feU 5.51 points to 2,314.45 on turnover worth NZ$lOl.l million. The market is awaiting direction from the next round of earnings results, in particular Carter Holt Harvey's, dealers said. —AFP
      AFP  -  260 words
    • Article, Illustration
      789 22 AFP n SET latex ->32 THE Thai share market dropped 2.1 per cent at the close yesterday with heavy selling in selected blue chips and concerns over banking and finance stocks, analysts said. Dealers said a wave of selling in the afternoon session was triggered by the announcement on
      AFP  -  789 words
    • 402 22 AFP P Composite big -1&27 SHARE prices plunged 3.5 per cent on the Korea Stock Exchange yesterday, on concerns that foreign investors were reluctant to buy into local companies, dealers said. Institutions continued selling amid underlying concerns about labour disputes and on a lack of followthrough buying, they said.
      AFP  -  402 words
    • 592 22 AFP Fl All Ordinaries AUSTRALIAN share prices rose 0.7 per cent yesterday after a surge in mining stocks due to stronger gold and base metal prices, brokers said. The All Ordinaries Index closed 21 points higher at 2,877.8. The All Industrials finished 24.4 points higher at 4,925.2 while the
      AFP  -  592 words
    • Article, Illustration
      679 22 AFP POnMßtefaig -BL7B INDONESIAN share prices fell 1.8 per cent yesterday on a lack of confidence in the government's ability to overcome the ongoing financial crisis, dealers said. The fall came a day after the government said it had met IMF deadlines for initial reforms it must implement in
      AFP  -  679 words
    • 306 22 AFP Qlhfflh ♦loos PHILIPPINE share prices closed 0.5 per cent higher yesterday due to selective buying of index scrips. The Philippine Stock Exchange Index gained 10.05 points to 2,164.33. Turnover was thin at 586 million shares worth 943 million pesos. Ayala Land Inc and parent firm Ayala Corp both
      AFP  -  306 words
    • KUALA LUMPUR STOCK MARKET
      • 402 23 AFP M Composite Indexjt&ff [KUALA LUMPUR] Malaysian shares closed 1.4 per cent higher yesterday, boosted by news that RHB Bank Bhd and Sime Bank Bhd's merger was finally completed, dealers said. But lower-liner stocks succumbed to further falls amid persistent concerns over the financial
        AFP  -  402 words
      • 8661 23 mOUSTWALS ConswMf products 1998 List Vol Day Net Cap High Low Company Sale OOP Hlqli Low P/t $mU 310 180 A|lnomoto 245 t3.5 99 3 148 73 Anqkase 82.5 2 14 83 80 5 1.9 121.6 290 123 ApoHo Food Hlq 165 unch 1 165 165 4 8 66.0 388
        8,661 words
    • WARRANTS & OPTIONS
      • 194 24  -  WARRANT WATCH By R Sivanithy IP memory serves us right, the warrant issued by Malaysia's Integrated Logistics Bhd was a super performer when it was first listed a couple of years ago. However, the shares have collapsed from six Malaysian ringgit last April to 82
        194 words
      • 3759 24 BONOS, LOANS ft WARRANTS wrt 1998 Last Vol Day Last Ouote Avg HkjH Law St no Company Sala ♦of- COOO) High Low Buyer Seller Prke 23 5 9 m 3000 m AMOB cS 5******6 13 0.5 27 13 12 12.5 13 20.5 B 3160 'Acer ******1 US$ 13 -I IB
        3,759 words
    • 2388 24 Transaction date Apr 23 I MALAYSIAN STOCKS Gr Gr 1998 Last Vol Day Last Quote Otv Mv VM Not MCl» High Low Stno Company Sato COOO) High Low Buyor Seller C'vr P/C Sm» ~oi 28 m s 5000 AISB 50c. 70.5 »i isl 725 70 705 71 50
      2,388 words
    • 6661 25 Transaction date: Apr 23 j Or Cr M Wt 1998 Last Vol Day Last Ouoto OW Dlv YM NH Cap Avg Law StHo Company Sato COOP) KtfK Law Buyor Sailor C'vr P/C $mM Prko —U1T1UIH 43 18.5 a 1020 ACE Dynamics60c.... 28 49 28
      6,661 words
    • 1235 25 fir Of M Wt '"8 LMt Vol Day Lot Ouota Otv Otv YM Nat Ca* Av« HUfc Lo» »tW Cl«n«T M» COOP) L— awyr I—or Cw >/l I— Prtt* 134 92 2000 ABR MldQS 5t 104 unch 4104 104 104 KM 46.3 103 243 76 0 2049 AS Auto
      1,235 words
    • STOCK EXCHANGE OF SINGAPORE
      • 217 26 Stocks Votaimo Tai Sin 10c 29,445,000 Easyfcnit HKIOc 20,926,000 •UnipHoenix 7,679,000 SingTel 15c 6.973.000 •Refcapacific Bh 5.603,000 HK Land USIOc 4,885,000 *MBf Capital 3,971,000 S1A Foreign 3,575,000 CSC Hldgs 10c 3.399,000 DBS Foreign 3,350.000 Stocks SIA Foreign 36.628,392 DBS Foreign 34,740,790 SPH 33,343,328 OCBC Foreign 18,406,190 SingTel 15c 17,526.402 UOB
        217 words
      • Article, Illustration
        58 26  -  by Ven Sreenivasan CITY DEVELOPMENT, which has been gyrating between $800 and $6.00 for the last three months, closed with a 30-cent gain at $7.00 yesterday. The technicals indicate that the stock is oversold. Although the counter has support at the $7.00 level, it is unlikely to gain
        58 words
      • 697 26  -  STOCK MARKET COMMENTARY Firm session in M'sia spills over to S'pore; dealers still cantions, citing the low ▼olnmes traded By R Sivanithy [SINGAPORE] A firm session in Malaysia following news that Rashid Huss&in Bhd (RHB) looks set to finalise the funding for
        697 words
      • ON THE GRAPEVINE
        • 99 26 THERE was a rush to the food table as several pizza boxes arrived. Nobody bothered to find out who had ordered the delicacy. But when the boxes were opened, all they contained was a note inviting the addressees to the media launch of what is touted as Singapore's
          99 words
        • 129 26 TO celebrate its first anniversary, mobile phone company Ml organised a two-day "star-studded extravaganza" which started last night at Boat Quay. Among the pop stars lined up are American pop group, Color Me Badd, Singapore's very own Kit Chan and Coco Lee, the spunky Asian-American artiste famed
          129 words
        • 173 26 HEARD of a group called Noise? No, they're not a new pop group. According to US information technology (IT) consultant Terry Keene, Noise stands for Netscape, Oracle. IBM, Sun Microsystems and the "E" is for everybody else who wants to join in. These IT companies
          173 words
        • 73 26 FROM this Saturday tickets for the Festival of Arts will just be a mouse-click away, according to Sistic's public relations people. Sistic further claims that with this innovative on-line service which has never before been available in Singapore, patrons of the festival need no
          73 words
        • 77 26 CLEARLY worried that some of its subscribers may not renew their subscriptions in these tough times, Time magazine is getting proactive and calling around asking its subscribers if they have thought about renewing their subscription. But as someone complained yesterday: "Calling me on a Sunday night at
          77 words
        • 39 26 MAKING the rounds is this rather black joke about Microsoft's much-touted new operating system, Windows 98. It's to be renamed "Windows Diana". Why? Because it is superficially attractive, uses up a lot of resources and crashes horribly.
          39 words
  • Page 17 Advertisements
    • 836 17 The Stock Exchange of Hong Kong Limited (the "Stock Exchange") takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of
      836 words

  • Page 18 Advertisements
    • 89 18 \wsMLocate its owner through Classification 821 (Found). Simply call C JLT.S. at 1800-737-1166 for this free service. Another Classified Service it will move you in ways Volvo never has. t i r ?V\ ?flßlra Vmwßmas MHRIIr f-'' x Jf vt tw? w; /»^K. m^^m.. €l"v 4ffSaSgiHigabdM Ly i v J
      89 words

  • Page 19 Advertisements
    • 27 19 K V, the new Vohro C7O Coupe, the power is unmistakable, even standing still. r### SM Motors 249 Alexandra Road Singapore *****5 Tel: *****88 I VOLVO VIV
      27 words

  • Page 20 Advertisements
    • 473 20 REPUBLIC NEW YORK CORPORATION SAFRA REPUBLIC HOLDINGS S.A. Consolidated Statements of Condition > and Summaries of Results These statements and summaries represent the consolidated accounts of Republic New York Corporation and its wholly owned subsidiaries and of Safra Republic Holdings S.A. and its wholly owned subsidiaries. Republic New York Corporation
      473 words
    • 9 20 c Pe/iic/e& HThe Straits Times Classified Classifications 302-394 i
      9 words


  • Page 22 Advertisements
    • 68 22 CA.T\Sj\ /WowlX I'd like to place an A buyer love this car advertisement to J I the very I I that I found sell my car...\ next 1 through J jflHfiJ I The Straits Times 7 Vroom, Classified. J Buyinfi or seilin* through TJ WW mm vroom lJ fck.i S
      68 words


  • Page 24 Advertisements
    • 39 24 t ALFRED DUNHILL ijflj LONDON The New Millennium Watch iie New Centenary Faceted Watch BBS VISIT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY, SOGO RAFFLES CITY, DAIMARU LIANG COURT AS WELL AS SELECTED WATCH RETAILERS
      39 words


  • Page 26 Advertisements
    • 903 26 BUSINESS Notices To adv ertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50> AND IN THE MATTER OF BSE BUILDERS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WIND-UP At an Extraordinary General Meeting of the Company held at 4 l.oyang Terrace Singapore *****2 on 17
      903 words
    • 436 26 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF TWINPAK PRIVATE LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that the Final General Meeting of the Members
      436 words
    • 445 26 NOTICE IS HEREBY GIVEN that, I Quek Chin Hung of 30 Lor M Telok Kurau Ebony Mansion #03-06 Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s World Wines And Spirits located at 111 Telok Ayer St Singapore *****0, and that this application will be
      445 words
    • 223 26 NOTICE IS HEREBY GIVEN that, 1 Soh Eng Poh of Blk 3, #15-1189, Joo Chiat Rd Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Gateway Mini Mart Trading located at No. 60 #01-03 Joo Chiat Road Singapore *****3, and that this application will be
      223 words

  • SHIPPING TIMES
    • 307 27 Bridge News, Reuters TRADING remained sluggish in both the Atlantic and Pacific with even the promise of increased South American activity yet to be delivered. Capesize rates were steadier but are still at very low levels particularly in the Atlantic. A slightly easier tone was set on Biffex,
      Bridge News,; Reuters  -  307 words
    • 264 27 »a m <» CWT Distribution _0j68 *003 3 CIWUHmP 0.49 *0.003 34 Case* kimitimnl _OJ0 FraMlt Links 0.32 G8Hoidtnqs 0.315 HrtSunHiv 0.54 -0.01 59 HBacNZoaan 0.70 -0.005 56 iMCHoMngs HK 5.60 Jaya Holdings __0.4a unch 2 Jurong Shipyard 7.80 -0-2 61 KappaiCarp 4.42 *0.24 10S4 Kappai FELS 4.62
      264 words
    • 519 27 AUSTRALIAN DOCK TURMOIL Sacked workers most now be allowed to return to their jobs after noon today Bloomberg, Reuters [MELBOURNE] Jubilant unionists claimed victory in a battle for Australia's waterfront yesterday after the Federal Court ordered that 1,400 sacked dockers should be allowed back
      Bloomberg,; Reuters  -  519 words
    • Article, Illustration
      47 27 [DOVER] Hundreds of trucks wait their turn to enter the port of Dover on the M2O at Folkestone as delays of up to eight hours on Channel crossings continued because of a wildcat strike by French seafarers which has closed the port of Calais. AFP
      AFP  -  47 words
    • 435 27 Depressed Asian currencies lower cost of goods [LONG BEACH, California] Asian exports to the US in March jumped more than 34 per cent from a year earlier at the Port of Long Beach, as depressed Asian currencies lowered the cost of goods
      435 words
    • 385 27  -  By] Marcus Hand [SINGAPORE] The Star Cruises terminal at Port Klang is now fully operational, featuring what the company claims is the longest dedicated cruise berth in the region. Star Cruises has invested some US$5O million (SsBo million) in the terminal. It is
      385 words
    • 237 27  -  Ry Felix Chan [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) said 97.7 per cent of vessels calling Singapore last year were serviced within 30 minutes compared with 92.4 per cent in 1996. Rescheduling of pilotage moves was reduced from 5.2 per cent in
      237 words
    • 737 27  -  ADMIRALTY CASEBOOK By Selva Kumar A MASTER of a vessel involved in a collision has been criticised by an English court for his reluctance to be called to the bridge and for leaving instructions that the speed of his vessel
      737 words
    • 824 28  -  PHILIPPINE AIRLINES British Airways and Lufthansa are said to be interested in the ailing airline but Northwest denies interest From P T Bangsberg in Manila Ailing Philipine Airlines is in the Ynarket for suitors to bail it out. Minneapolisbased Northwest Airlines was believed to be
      FILE PHOTO  -  824 words
    • 359 28 PAGE ESP Lines M ANl 3 Ethiopian 6 Accord 8 Ewgrwfl Ahrenkiel M W Appenship 5 tooqSun 8 Asia OCL 15 Frot< '5 t> Astro 3 Frt Links 16 Austral 9 6 L,nk 4 Avant 16 Gemartrans 8 B tang Mas 8 Genshpg
      359 words
    • 16513 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT CTA ETA Advertiser VtssX Voy aqe T •(•phone ETA ETA Advertiser Vessel Voyeqe Telephone SIN Oest'n Name Neme Number Number SIN Destn Neme Neme Number Number <m Ax- Jr.,. 37/04 35/05 NGPL KWANGTUNG 09S *5-*****00 A 21/04 15/05 MSC Aqy MSC OSAKA 007A *5 3252*50
      16,513 words
    • SHIPS IN PORT
      • 736 43 VMS#! voy No Borth «Arrl*«l Dapartur Amrta Jaya I 9803 *j07 alonqs.de 25.04/060C It C Sentosa *****6 JOI alongside 23.04/2300 It Rupat ind *****8 JOI alongside 23.04/2230 at Setati *****6 JOI alongside 24 04/080C at Sury Ml APK21 JOI alongside 23 04/2359 C Progress 23/04 J09 alongside 23.04/2030
        736 words
      • 1685 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/Bolonco Rstls Ship Voy No Etb/Btr Period From To From Acs Clovtf 01* 24/1400 U 22/BOO 22/1451 22/1*00 B 22/1500 22/WH 22/1*00 2A 22/1700 23/045* 21/0*00 2* 22/1700 23/045* 21/0*00 I 21/0700 23/115* 21/1400 4 21/1200 21/145* 21/1700 U4flw«2 tUIN
        1,685 words
      • 200 43 Apr 28 New Zealand: Anzac Day. Apr 27 Australia: Anzac Day Holiday. Apr 28 Brunei:Hijrah. Indonesia: Islamic New Year Muharram. Malaysia: Muharram. Apr 20 Japan: Greenery Day. Apr 30 Finland: May Day Eve. Netherlands: Queen's Day. Mayl Austria: Public Holiday. Belgium: Labour Day. China: Labour Day. Finland: May
        200 words
      • 911 43 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead at single prices for a more comprehensive description at the market. Prices shown are based on average-sixed stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        911 words
      • 387 43 Carta* WO Mu 900.0 0.7 10.0 0.31 123 0.05 A#r M OmttT Nittf RmMim AM AtomMum SattMUt No abOM £25 0 0 5 0 1 0 T7T- 380 Am *5.7 0J &f 0.06 29 0.03 tuaa 300 Mai 992.9 2.0 19.6 0.13 62 0.07 W*l »1ft
        387 words
    • AIR & LAND TRANSPORT NEWS
      • 375 44 Windy conditions force SIA and United Airlines to re-route flights Reuters (SEOUL] Poor weather yesterday forced re-routeing of what would have been the first passenger airline flight over North Korean airspace, South Korea's Ministry of Construction and Transportation said. The Singapore Airlines flight
        Reuters  -  375 words
      • 209 44 Reuters [BRUSSELS] The European Commission is considering whether to impose rules limiting night flights at European Union airports, European Transport Commissioner Neil Kinnock said. Discussions were at a "very preliminary stage", Mr Kinnock said, but it was important to clamp down on
        Reuters  -  209 words
      • 262 44 Firm will also buy 3 new cargo planes from Boeing worth USs432m Bloomberg [MEMPHIS, Tennessee] FDX Corp's FedEx unit agreed to buy 20 used McDonnell Douglas MD-11 aircraft from SAirGroup's Flightlease Ltd as it expands its international fleet. Terms of the purchase
        Bloomberg  -  262 words
      • 63 44 [MANILA] Commuters are stranded at a Manila Light Railway Transit station which was closed by striking workers yesterday. Thousands of commuters who use the elevated train, which runs through the main thoroughfare of Manila, had to resort to other forms of transport after the railway employees went
        REUTERS  -  63 words
      • 384 44 Some members trying to speed up wage talks Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp said a small number of its union workers are causing flight delays and cancellations to spur movement in contract talks that began in late 1996. A few members of
        Bloomberg  -  384 words
      • Article, Illustration
        44 44 [TURIN, Italy] Two models pose with the new 125 cc BMW CI motorcycle at the 67th edition of the Turin Car Exhibition. More than 40 car manufacturers showed some of their newest models at Turin's exhibition which runs until May 3. REUTERS
        REUTERS  -  44 words
      • 186 44 Proposal to raise limit on foreign investment to 49% from 35% AFP [HONGKONG] China s aviation authority, the Civil Aviation Administration of China (CAAC), has proposed easing restrictions on foreign investment in domestic aviation companies, it was reported yesterday. CAAC has
        AFP  -  186 words
      • LOG Book
        • 99 44 AFP [HONGKONG] Hongkong's Dragon Airlines Ltd has delayed taking delivery of two Airbus 320s due this year and next year because of the impact of the regional financial crisis, it was reported yesterday. Dragonair chief executive Stanley Hui said the delay in the delivery of
          AFP  -  99 words
        • 68 44 Bridge News [HONGKONG] China's airlines are in great need of cargo planes, and the air passenger traffic has great potential for growth, the official Xinhua News Agency reported, quoting Chen Feng, chairman and president of Hainan Airlines Company Ltd. Speaking at the China Business
          Bridge News  -  68 words
        • 67 44 Bridge News [AUCKLAND] Air New Zealand has announced a substantial increase to its trans-Tasman route which will see the carrier boost its daily flights between Australia and New Zealand. Starting this month, the expansion plans will see the carrier operate 55 flights per week from
          Bridge News  -  67 words
      • 1832 44 CTTY FltGHT ETA FU6HT ETP MaiM CA974 ZOOS CM<i«ztM«NC $0603 1905 C2354 0910 r CZ3S am soon ww tmMM $0327 07SS MM 0040 j— »30 KL837 1455 GA974 2005 74 010 ¥,<742 0,05 K1838 2300 WT40 WW $0320 2320 KatVai T6407 1540 TG406 1635 Aftt— ******
        1,832 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 1186 28 I I NORTH AMERICA I 1 EXPORT 1 I OTHER DESTINATIONS I I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA [DIRECT SERVICE TO WEST COAST SOUTH AMERICA/ASIA ANOES EXPRESS 3CTVIC€Mr «ssa VOY EIASM ITOSM IGO Ml HOU OK NY MUXOOTY Ytssa I VOT Mil MAJHAMUO WHUVBiniH CAUAO M l IOUIOH
      1,186 words
    • 663 28 Lines servces represented by MemDef s tr>e Re 9 ,str y o* Accredited Snpong Agents ymj/ Singapore Sapping Association c Ihe Sinoapore Fre<gnt Association Send out 48,000 sailing schedules around Asia. Place an ad in... SHIPPINGTIMES Just talk to us.» •IrisUm *****44 JarrodLeooq 740 2089 EXPORT 3 x Japan •2
      663 words

  • Page 29 Advertisements
    • 1087 29 TO EUROPE FROM EUROPE jvesa VOT SM ITM AIM HAM RRV SOU FXT uiT VBSU VOY RTN ANi HAM RRV SOU FIT UN SM BM SIM 23/04 It/OS 13/05 14/ OS 11/0S DANUK 61U 04/0401/04 02/04 30/03 23/04 mats 11U 24/04 10/05 12/05 IS/OS 16/05 HYKDOAL 4141 OR/04 04/04 04/04
      1,087 words
    • 2218 29 ©HANJIN SHIPPING HANJIN SHIPPING (S) PTE ITD Imp to* cm (OWING *****35 237 SALES 37M774 738 DOCUMENT *****71 274 OftUIWIS 37*0741 25J MAIN LINE *****55 FAX *****40 aNO 11 534 *****0* TO NW USA A CANADA USA CANADA* FOt VSI/VOT MM SW UNI HAUL/VOY SEA TTW «N POX ~1 CM
      2,218 words

  • Page 30 Advertisements
    • 1367 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MfUJI ikkRANEAN/CANAPA VtSSfL VOY mT liH HTM <HH HAW MV FIX VtSStl VOY SIW 011 TOS CHOTANG ATLAS WMII MM 15* 17* ll* MOS 21 06 22 K SHAHGHAI SENATOR WM*M 30M 11 05 17 05 10 06 21 05 23 05 30 05
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    • 1490 30 MY ANG YML internet Web Site http: //www yml.com tw nmct wceklytvtßYthursoaysuhoay vessel voy sin cms htm ham fkt leh AHfl MING NORTH JBI6W 26/04 13/05 15/05 16/05 18/05 MING STAR ABI7W 01/05 23/05 21/05 20/05 25/05 MING ZENITH JBI7W 03/05 20/05 22/05 23/05 25/05 MALACCA BRIDGE ABIBW 08/05 30AD5
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    • 451 30 LINE TIL: *****56 FAX: *****13 f MUARA i LABUAN vbmT voy no ETA VBSII vor no eta SPOBI MUARA SPORt UN j. prosper viu/w 21/0* oi/os vw/9t a/o« 02/0$ AftKGiORY VIII/ 98 02/05 OS/OS APMGIO«T VIII/ 98 02/0$ 06/0$ lrtosrat viii/m oi/os n/os ipwspw vi2i/98 00/ os 12/05 ATtiiaomr vix/w
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  • Page 31 Advertisements
    • 1489 31 VESSEL VOY SIN POU PKQ PEN BLW SUR PUB BA BIK IRAN VOJDAN PJL 1278 16/04 28/04 IRAN QHEYAMAT PJL 1279 23/04 02/08 IRAN VAM OAT PJL 1284 12/08 21/08 22/08 IRAN TAKHTI PJL 1288 19/08 28/08 29/08 IRAN TEYFOURI PJL 1287 28/08 04/08 08/08 [MALACCA OLORY PJL 1288 I
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    • 2462 31 I DIRECT SAILIM6 1 TO SHANGHAI A XIN6ANG J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY nL 226 1900 FAX: *****08 OUTWARD (B/l) *****02 JOHORE OfFKE; I COSTAR SHIPPING PTE LTD #17-08 MS lIDG SALES/BKGS *****41/43 INWARD MPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD MO: *****89Q000X TOWER TWO
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  • Page 32 Advertisements
    • 1363 32 EUROPE/UK/SCANOINAVI A/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHW THP ROM ANW HBG PKL SGP E. ROUNO RW-031 25,04 15/05 20/05 16/05 18/05 19,05 20/05 E REACH RE-018 04/04 06/04 05,04 07/04 (HAM 01,05 03/05 E RENOWN RW-028 02,05 20,05 25/05 21/05 23/05 24/05 E GALLANT RE 055 13,04
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    • 981 32 \m, am MAC-NELS S PQftfe M'SIA I Carrier: MN CONTR LINES, INC l-ISr/V-J CA* *">> iaOO67SOOOOC SI8U: (064) *****9 MAM LA: (632) *****24 V w PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (062) *****1-3 MANILA GINOA/BARCILONA/LI HARvT"
      981 words
    • 414 32 nantailine] FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESSII VOY I SIN I PIU I PUR I CPT I B/BAT" WAHTAI PRINCESS V0?1S 30/04 14/05 17/05 NANttIQUEEW VO27S W/05 17/05 72/05 26/05 29/05 mmiPIUGOW VOO6S 17/0S 26/05 30/05 03/06 NAWUI PiniiCE V 0225 25/05 07/06 11/06 XAMtAI VENUS VO27S 02/06
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  • Page 33 Advertisements
    • 365 33 iBSA^ M MYANMA pBBk FIVE STAR LINE (Myanmar National Liat) loading for Yangon (Rangoon) VtSSU VOY SM PHG PIN PGU OAGO 101W SID NERGOi 143W 27/04 MALAYSIA AGENTS: ROUS HAD SHIFTING AGOKKS KUL Til 02-03-*****00 PHI: TH 02-03-*****01 PIN: TU 02-04-*****02 PGO: Ttl 02-07-*****21/4 BANK LINE (A strvicc Andrtw Wtk
      365 words
    • 1189 33 ▲HYUNDAI MERCHANT MARINE CO. UP. SOU 1 UH IT* 1 ANT I HAM I NV ]_JS_] Ivissa VOYISOUIIBURTRHAMTINARMMVImiSMI MIRK WW 2V04 15/05 14/0S 10/05 >2/05 HYFBWAI 3IOC 01/04 01/04 04/04 07/0/ 25/04 HY DUKE 311W 27/04 U/05 14/05 10/05 U/05 «K»a 3041 10/04 11/04 05/04 07/04 21/04 HYCOMMOOOK 312W 30/04
      1,189 words
    • 972 33 norwegon ipeaahzed oufocomen Qmos mm mmi//v£s TO NORTH AND LATIN AMERICA "*<>Ro HEAVYUFT SERVICE" VESSEL VOT RAMP HEIGHT SIN LAX CKI MIA SAV Ml ORE NYC NIW MOO TADSOT FBO9 400 TMH 6.3 M 01/05 15/05 01/®* 06/06 01/0* 10/06 T7706 12/06 17/06 19/04 TAMPERE Ft 10 400 Tms 6.3*
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  • Page 34 Advertisements
    • 679 34 BAMOKOK/LAEM CHABAWO JA K AHT A/PA N JANG VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN ANAN BHUM 102N 25/04 29/04 GURU BHUM* 75S 25/04 28/04 ACX RUBY 20N 26/04 29/04 30/04 ACX JADE* 19S 27/04 30/04 YANTRA BHUM" 237N 28/04 29/04 30/04 DEJA BHUM 745S 28/04 01/05
      679 words
    • 416 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Bintulu I I Muan vissn yor sim ny vor sin mua BStno V9BMF 2S 26/04 01/05 Mf*H WBo6f 2677/04 01/05 3 &eton V9MS/E2S-M/M 05/05 MGoM
      416 words
    • 670 34 1 ACCORD A SHIPPING PTE LTD til *****1S (40 Lines) FAX *****30 KHT KLAMG (03) M 7 1001 'lv wL DWKT ACCESS m: *****55 (EXPORT SOOKINO) FtSU GUUMG (OH 351 137/ *****34 (EXPORT DOC), *****39 (IMPOUT) PIHAHG (04) 332 Hit U*L;HTTP://WWW.ACCOED.COM.SO lAKAMTA (71)040 07/0 PO«T Ilk SIN POUT ITA SIM
      670 words
    • 184 34 #09-00 NEHSONS BUILDING 24 PECK SEAH STREET SINGAPORE *****4 CH NO: **********0W BOOKING/ENQUIRIES TEL: 323 1133 FAX: 221 4053 TLX: R*****0 FSSHIP VESSEL VOY SIN ETA SIN ETD DESTINATION SUN FLORA 09/98 29/04 30/04 PIAJU/PALEMBANG NEE DIAKI 09/98 27/04 29/04 PONTIANAK/SINTETE SUN FLORA 09/98 29/04 30/04 BENGKULU/PAOANG SUNJAYA 08/98 INPORT
      184 words

  • Page 35 Advertisements
    • 362 35 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE ~m VOY |S TORE I A'OAM/R DAM H'IURG BREMEN ANTWERP A VESSEL niH 27/06 OMIT 2/7 TO AUSTRALIA PULL COWttUNEB SCTMCg m voy 'BaHST m m m> Ma wa aol hk KASUGAI V.OBS 2M4 2&04 OH OMS 11« IMB 1766 P6OIgXIOVD —SIAIg
      362 words
    • 949 35 agagPfl pacific international lines (pte) ltd j 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I C« NO **********06 ivnsa voy pki I sin i stp n API m rta l_J« KOUPIRWIIA PWROO3 26/4 27/4 t/S 11/S M/S 17/5 M/S M/S_ oog AIILITY on l/s 2/5 14/5 14/S 10/S 21/5
      949 words
    • 769 35 VESSELS VOY 3N JED I MLA LEH HAH THP ~RTM ZEE VXEDEANTARES L2SW 2MM 06*06 11/06 17/06 18/06 20/06 20/06 21/06 VILLE DE VIRGO S2SW 04*06 13/06 18/06 24/06 25*06 27/06 27/06 26*06 VILLE DE VELA N2SW 12/06 20*06 25*06 31/06 01*QB 03*06 Q3/06 04/06 VILE DE OEMINA H2SW Ift<o6
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  • Page 37 Advertisements
    • 53 37 STE*~| Dial 740-6000 Oil UGfTldnCl mm (Retrieve more schedules!) Press-r c Select the port and key in the four digit code eg: To New York (NYC) 2275 Jk sx£> Key in your fax number I your phone number Another tanovetlve service offered by c T The document Will be Shipping
      53 words



  • Page 40 Advertisements
    • 1163 40 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 HIMBH TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT Li ME: *****41/43 LI A/MEGHAN 7 SLGS/WEEK 2 SLG/WEEK utaaa' VOY SIN JAK VESSEL ?!?i SSST S SLsATI 2aW(TUE) TWADIKA 1308 IN
      1,163 words
    • 580 40 ENG ill SHIPPING CO PTE UDI T»l: *****7S (t Umi) Imi JJJOIJI/JHHM I Np— t» mitwoow VISSEI VOY SIN ITA SIN ITD DESTINATION Morco Wo 12 09/98 22/04 24/04 Kuclc ioggol Unggul Joyo 05/98 23/04 25/04 Prnwontt/Woru/bntoi Morm Polo 24 05/98 23/04 25/04 Pewg Morco Polo 42 9/08 24/04 25/04
      580 words
    • 471 40 SIM FAR EAST 26/04 KEELUNG/KAOHSIUNG 26/04 BANGKOK 27/04 MANILA/CEBU 26/04 JAKARTA/BELAWAN/SURABAYA 26/04 PORT KELANG/PENANG/E. MALAYSIA 29/04 BUSAN 26/04 TOKYO/YOKO/KOBE/NGO/OSA 26/04 HONG KONG SIM CHINA 26/04 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU m EURQPEAJK 26/04 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 28/04 LOS ANGELES/NEW YORK all IPI points
      471 words
    • 442 40 rffm Singapore Soviet Shipping ftNlCo.Pte.Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL KOTARATU RTUOO7 24AM 02/05 12/06 14/05 TBA 112N 02/05 10/06 21/06 23/05 KOTA RUKUN RKNOOI 11/06 19/05 30/06 01/06 KOTARATU RTUOO9 15/05 23/06 04/06 05/06 For Booking (Calcutta) Tel: *****45/46 [VESSEL VOY SIN CALCUTTA SIN
      442 words

  • Page 41 Advertisements
    • 1131 41 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL I VOY I SIN I PIR I GOA VIC I LiH I ANR I PXT MSC SOPHIE ?81g-3 24 APR 07 MAY 09 MAY 11 MAY 14 MAY LL&AY 1« MAY MSC MARTINA 9816-3 02 MAY 15 MAY 17 MAY OMIT OMIT
      1,131 words
    • 1628 41 mm,t £r Si Bo; Bo; vPSa/WAtt sou rm mM La STOM ofeypn msSws 01MM7 MM S« I« Hi Jt"£ WTI AMtAXfS 03U13 2103 31.03 0144 0444 11.04 27.04 2104 2104 3104 NYKAMTMtS 04WM I 0705 «M LM MM KT*AMOtOMBM 00*14 04.04 04.04 07JM 1144 2104 044$ 010$ o*4s 0/05 m>mm
      1,628 words

  • Page 42 Advertisements
    • 543 42 I VESSEL VOY SIN MAA SIN I TIGER BRIDGE 622N 24 25,04 30 0205 07 08/05 I TIGER WAVE 620N 27 27,04 02 04/05 09-10/05 TIGER BAY 623N 29-30/04 04 oaos 12 13.05 TIGER ISLAND 624N 03-04/05 08-11/05 16-17/05 TIGER BRIDGE 625N 0&0705 12-14/05 19-2005 I TIIGER WAVE 626N 09-10/05
      543 words
    • 829 42 FREIGHT LINKS EXPRESS r 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg SVMJJii' Mil lfe)WH399 DIRECT CONSOLIDATION TO PASIR GUDANG US$ 1 .00/RTON ON VESSEL ALAM JAYA II V 136 ETD SIN 30/4 Overseas Offices Hongkong *****113 flms@osioonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42
      829 words
    • 1110 42 IOOCL (Sinoopore) Pte Ltd CFS Keppel Distrpk for booking |79AM«ilMd«2144(S)OmOt *513 #01-121 I enquiry f/S\Y Vfl CI N**********00H M: 273 7127 tat 3269 liO W IM: *****)3 F.i 221 3947 ft: 272 7125 NOftTII AJMRKA USA/ OUUkM AUSTtAUA TO USA TT LC* "(Ml -MEM "im HOO OUTBOUND I SGf I
      1,110 words

  • Page 43 Miscellaneous
    • 124 43 LEGEND: R Thundwtorm T»mp«fotur« »q V Showtr W.oth.r -Y Wind dwection with speed in knots Ron Cloudy Sky Wove height o** MM by arrows which Hy with tit* wind on. M crd. represents calm <x hght and variable Winds On. h<* fWch. represents 5 knots I— On. full ftoh. repots
      124 words

  • Page 44 Advertisements
    • 125 44 CREW MANNING KAMCHATKA SHIPPING COMPANY (KASCO) RUSSIA KASCO CONTRACT REGISTERED IN PETROPAVLOVSK-KAMCHATSKY, RUSSIA Crewing agency can supply qualified and fully certified seafarers: Individuals, officers and full complements of reasonably priced seagoing personnel with experience of trading all over the world onboard all types of ships. If you are interested please
      125 words