The Business Times, 23 February 1999

Microfilm: NL21382
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 The BusinessTimes MITA (P) 04fV 12/98 SINGAPORE Internet' http://business-times.asial.com.sg/ TUESDAY, FEBRUARY 23, 1999
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  • Article
    MARKET SUMMARY
    60 1 sn 1,***** (+25.87) BT4BI SCL3B (+11.37) SDISCX FUTURES aocao (+5.40) BIMAUETHOODc WMItwI STOCK HABKET ram Monday Change KLSE COUP 562.61 -168 NIKKEI 14,256.67 +158.63 HANOSENO SJHM4 -14.78 SET INDEX S3itt -K» JAKARTA OOMP 398J7 -Ut MANILA COMP +13.06 TAIPEI WPT U11B-+MLII SEOUL COMP 086.49 -1169 CLSA CHINA B
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  • Article
    FINANCE
    80 1 Mm HTM uss ss USt 1.715 £(USJ/S$ per 1.822 178# EURO(USS/S$ per E) 1.103 till DM 1.771 9.967 YEN 121J 1.407 RM 3.800 0.461 HKf 7.741 0131 BAHT 1770 0.046 KJPIAH &8N 0.019 *st mm wait PUKE BATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA 28.00 BANOKDK 14.75 MANILA 22.90
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  • Article
    DBS on lookout for bigger bank acquisitions in Asia
    964 1  -  Worst seems over for Asia, 1999 will be year of recovery, says CEO Reports by < Conrad Raj [SINGAPORE] DBS Bank, Singapore's largest bank, is on the lookout for bigger banking acquisitions in the region as it strives to achieve its
    964 words
  • Article
    DBS plans to sell off most non-core assets
    389 1 [SINGAPORE] DBS Bank plans to dispose of most of its non-core assets but will retain, at least for the near term, its 28.5 per cent stake in one of Singapore's leading property groups, DBS Land. Disclosing this at a media lunch yesterday,
    389 words
  • Article, Illustration
    Lock icon Land sales for 2000 to be announced by Sept
    638 1  -  Decision will ensure there's no supply shortage: HngKiang By- Ang Wan May [SINGAPORE] The government will announce its land sales programme for the year 2000 and beyond by September, and the decision will ensure there is no lack of supply in
    CHRIS LOH  -  638 words
  • Article, Illustration
    Lock icon Groan from Anwar's cell alter IGP entered: officer
    664 1 Top cop, CID chief were alone with Anwar, panel told Reuters, AFP [KUALA LUMPUR] A Malaysian police officer said yesterday that he heard a groan from sacked finance minister Anwar Ibrahim's detention cell in September after the then police chief and another
    Reuters,; AFP; REUTERS  -  664 words
  • Article
    Yen dumped alter G-7 meeting; ST index rises 2%
    587 1  -  By L Larry Wee, Ven Sreenivasan (SINGAPORE] The Japanese yen was once again sold down sharply against the greenback in Asian trading yesterday. falling a hefty 2 per cent after a weekend G-7 meeting failed to produce any criticism of the
    587 words
  • Article
    Lock icon Dow up 115 pts at noon EST
    44 1 Reuters [NEW YORK] The Dow Jones Industrial Average built on the gains of Thursday and Friday to rise straight from the opening bell yesterday. By noon EST, the blue-chip index was up 115.43 points at 9,455.38. Reuters
    Reuters  -  44 words
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      165 1 IHHIPH The Property Othnnn There are three numbers that Singapore property buyers must know, says Lee Han Shih, Pg 4 Sabah's all set Malaysia's eastern state of Sabah announced the dissolution of its state assembly yesterday, paving the way for fresh elections in what will be the first test of
      165 words
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      55 1 DBS aims to top 10-11 returns on capital, Pg 15 At last, John Olds meets the press and wins them over, Pg 15 HSBC suffers 20% drop in profit, seeks listing in New York Full report, Pg 16 Cantonese Restaurant at Sheraton Towers Singapore Thirty-Nine Scotts Road Singapore *****0 Telephone:
      55 words
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      13 1 Taiwan bank shares jump on stimulus package, Pg 5 Market reports, Pg 20-24
      13 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      New Simex euroyen Libor futures kick off with a bang
      376 2  -  Over 13,000 Libor contracts traded by dosing time on first day By! Soh Tiang Keng THE three-month euroyen Libor interest rate futures the first new contract launched this year by the Singapore International Monetary Exchange kicked off with a bang
      376 words
    • Article, Illustration
      Lock icon Taxman collects 8% less in first drop since '86
      352 2  -  By'. Eugene Low TAX revenue collected last year fell for the first time since the 1985-86 recession, latest figures from the Department of Statistics show. For the whole of 1998, the taxman collected $15.6 billion, 7.7 per cent lower than the
      Compiled by BT  -  352 words
    • Article, Illustration
      Lock icon Key interbank interest rate rises to 1.75-2%
      393 2  -  Sing dollar falls by 3% to 1.7148 with weak yen By I Siow Li Sen THE benchmark three-month interbank interest rate is showing signs of a firmer trend, with a range of 1.75 per cent to 2 per cent since last week, as
      Source: Graphics  -  393 words
    • Article
      Recession over, but job losses will mount: Credit Suisse
      670 2  -  Jan exports np for Ist time in 11 months in real, US$ terms By\ Siow Li Sen THE recession is over, and the Singapore economy will pose strong growth in the current first quarter, declares economist P K Basu from Credit
      670 words
    • Article
      14,000 enrolled for external degree in 1997
      171 2 A TOTAL of 14,000 Singaporeans were enrolled in external programmes to pursue a basic degree in 1997. This means that for every two undergraduates in the two local universities, there was one student studying for an external basic degree, says an article by
      171 words
    • Article, Illustration
      Lock icon Less on food, more on luxuries
      287 2  -  EYE ON THE ECONOMY Consumption By' Carol Eng AS Singaporeans become more affluent, they are spending proportionally less on food and more on luxuries like cars and overseas shopping. The average real income of a Singaporean (in terms of real gross domestic prod- uct
      Source: DOS  -  287 words
    • Article, Illustration
      Lock icon Digital TV presents new challenges
      168 2 THE introduction of digital television (DTV) here will bring a whole new range of challenges to broadcasters, Minister for Information and the Arts George Yeo said yesterday at the launch of CNBC Asia's new digital production facility. "The proliferation of channels will change the viewing
      FILE PHOTO  -  168 words
    • Article, Illustration
      Lock icon S'pore, Australia seal IT deals worth $40m-$50m
      459 3  -  SINGAPORE-AUSTRALIA MINISTERIAL TALES MOU covers 10 initiatives including e-commerce, Y2K issues, R&D By Toh Han Shih SINGAPORE and Australia yesterday signed agreements on information and communication technology worth an estimated $40 million to $50 million. A memorandum of understanding, covering 10 joint initiatives
      FILE PHOTO  -  459 words
    • Article, Illustration
      Knowledge industry set to gain from Budget
      532 3  -  Focus will be in line with competitiveness panel's proposals By, Audrey Tan THE upcoming Budget is likely to address Singapore's push towards becoming a knowledge-based economy, with several tax incentives for targeted industries and investments, budget-watchers say. Most are expecting a Budget that
      532 words
    • Article, Illustration
      Lock icon S'pore, Canberra back global forum to prevent financial instability
      887 3  -  Ministers want to boost global financial architecture By' Yang Razali Kassim SINGAPORE and Australia yesterday came out in support of an international forum to forestall future financial instability, partly out of concern for the political and security fallout from the current
      AFP  -  887 words
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      245 3 p. MpMps A < ifMHy- J i r;:; T-"' i V ft L j >JMmm -?> pmBT R—— n' >n *> f mu 1 1 1 /i N7'c» tilV 1 m i i H y Jik I 3 fl fc srfl In i mt 4 Just when you thought projectors
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  • FOCUS: PROPERTY
    • Article, Illustration
      Buying for investment? Focus on yield
      696 4  -  THE PROPERTY COLUMN Properties with potential for capital gains are rare under present conditions BU Lee Han Shih FOR those thinking of buying a private house, condo or apartment for investment, there are three numbers they should remember —10,000, one million and 7. Ten
      696 words
    • Article
      Shangri-La upgrade costs $30m more
      482 4  -  57% budget overrun, delay due to unforeseen but necessary works By< Carol Eng [SINGAPORE] Shangri-La Hotel's massive renovation of its main tower wing has hit a snag preliminary estimates show it has exceeded its original budget by 57 per cent or a whopping $30 million.
      482 words
    • Article, Illustration
      Lock icon Thai property sector caught in debt web
      576 4 Official puts cost of estimated 200,000 housing NPLsat 100b baht Reuters (BANGKOK) Thailand's house builders are caught up in a multi-billion-dollar web of bad debts likely to keep most of the industry out of business for several years, a senior official said yesterday.
      Reuters; FILE PHOTO  -  576 words
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      204 4 flfl L <r Imß I r »IPL^Asj'l HMHHT|ftHßil||^^^^H Corporate Travel Services is a member of FIRST yet focused enough for the kind of individual service Travel Management International. Corporate Travel with a personal touch that you appreciate. The Services is the lead agent for its Asia Pacific strength of each
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      124 4 SERANGOON NORTH AVENUE 5 Brand new building Good corporate image Best for electronics industries 5,000 sq.ft. onwards Limited units Attractive rental i-f i Vanessa Kang: IriTiW9s3s 6763 _Aggro»<o plans PWO BCO *****-1997, BWMOOI/BPNEQQI PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory
      124 words
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      93 4 For Sale Bukit Batok St 22 4/s production cum 8/s office building 68.800/171.900 sf 30 opt 30 years wef 1996 Ideal for corporate HQ Walking distance to MRT Include gym dormitories Sole Marketing Agents KHL BUILDING FOR LEASE •25 New Industrial Road f 1 1 68 om 4 000 sq
      93 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Surge in Japan's trade surplus bodes ill for Asia
      601 5 Jan imports from Asia slump; report says Tokyo raising trade insurance premiums AFP, Reuters [TOKYO] Japan's reputation as a critical trade customer for Asia's struggling economies suffered a blow yesterday when it posted a large trade surplus with the region. The
      AFP,; Reuters  -  601 words
    • Article
      Lock icon Thailand sees no urgent need to float new bonds
      297 5 Miyazawa Plan mitigates need for new offerings Reuters [BANGKOK] Thailand said yesterday that it would take its time to float a new tranche of sovereign bonds and would not be rushed into a hasty launch just because the spreads for its
      Reuters  -  297 words
    • Article
      Most MNCs feel worst of crisis is over: survey
      292 5  -  By' Vikram Khanna [SINGAPORE] Close to 60 per cent of managers at the regional headquarters of multinational corporations (MNCs) believe the worst of the Asian crisis has passed, although 20 per cent still think a further meltdown is possible, according to
      292 words
    • Article, Illustration
      Lock icon Taiwan's bank shares jump on stimulus package
      279 5 Rally also helped by talk of securities trading tax cut Bloomberg AFP (TAIPEI) Taiwan's financial stocks enjoyed their biggest two-day rally in more than five years, after regulators unveiled measures to reduce bad loans at the island's lenders. The financial shares subindex jumped
      Bloomberg; AFP; Source: Bloomberg  -  279 words
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      132 5 arm Audi Feel bumps get ironed out with four-link front suspension. The Audi A 6. Advanced driving. s""Audi's unique four-link front assured of high directional suspension combines maximum on driving comfort with exceptional behaviour. Vou only Wheel experience smooth handling but times thereby your safety on the No greater because
      132 words
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  • REGION
    • Article
      Lock icon 25,000 Indon bank workers risk losing their jobs
      318 6 JAKARTA AFP SOME 25,000 Indonesian bank employees risk losing their jobs as a result of government plans to shut down non-viable institutions, a report said here yesterday. The figure was mentioned by Manpower Minister Fahmi Idris, who said in Bogor on Saturday
      AFP  -  318 words
    • Article
      Lock icon Anwar supporter held under ISA: Kit Siang
      237 6 KUALA LUMPUR Police also said to have seized disks from detained computer technician Reuters MALAYSIA'S opposition leader said yesterday that police had used a sweeping law to detain a computer technician who supported sacked finance minister Anwar Ibrahim. Democratic Action Party secretary-general Lim
      Reuters  -  237 words
    • Article
      Lock icon Panel wants state-backed PDI out of polls: reports
      327 6 MJAKARTA Election team calls for disqualification following lawsuits AFP, Reuters A SPECIAL election committee designed to check on the eligibility of dozens of new political parties for the June elections, has recommended the disqualification of the state-backed Indonesian Democracy Party (PDI), reports
      AFP,; Reuters  -  327 words
    • Article
      Lock icon Indon reform needs more progress
      272 6 JAKARTA Summers says Jakarta must ensure smooth polls too AFP UNITED States Deputy Secretary of the Treasury Lawrence Summers said here yesterday that Indonesia still needed to make more progress on economic reform and the country must ensure its scheduled June 7 general election passes
      AFP  -  272 words
    • Article
      Stage set for fresh elections as Sabah dissolves state assembly
      693 6  -  RUN-UP TO SABAB'S ELECTIONS Analysts see polls as litmus test of Dr M's popularity since Anwar's sacking From Eddie Toh in Kuala Lumpur MALAYSIA'S eastern state of Sabah announced the dissolution of its state assembly yesterday, paving the way for
      693 words
    • Article
      Lock icon Habibie, Ghalib may be witnesses in phone tap probe
      356 6 JAKARTA If tests of their voices match tape, they won't be called AFP INDONESIAN police have listed President B J Habibie and Attorney General Andi Ghalib as possible witnesses over the alleged tapping of a phone conversation between the two, a
      AFP  -  356 words
    • Article
      Lock icon Xanana will be freed regardless of option: Alatas
      380 6 JAKARTA Reuters INDONESIA will free jailed East Timor guerilla leader Xanana Gusmao whether the bloodied territory chooses to remain with Indonesia or become independent, Foreign Minister Ali Alatas said yesterday. President B J Habibie wants the East Timor issue resolved by January.
      Reuters  -  380 words
    • NOTE Book
      • Article
        Lock icon Thai farmers: Boycott French produce
        74 6 AFP [BANGKOK] A group of 18 Thai farmers' associations yesterday called for a boycott of French agriculture products because of a dispute over Thai exports to the European Union. The farmers say French government policy has put a halt to Thai exports into the EU.
        AFP  -  74 words
      • Article
        Lock icon Surin heads for Europe to save summit
        68 6 AFP [BANGKOK] Thai Foreign Minister Surin Pitsuwan was to leave for Europe last night in a bid to salvage a planned Asean-EU summit thrown into doubt by a long-running dispute over Myanmar. Mr Surin will visit Sweden, the Netherlands and Germany for talks
        AFP  -  68 words
      • Article
        Lock icon Estrada to trim civil service
        70 6 AFP [MANILA] Philippine President Joseph Estrada will trim the bureaucracy and revise labour laws to attract foreign investors, trade officials said yesterday. They did not say how many civil servants will lose their jobs. "In the coming months, you will see some hard political decisions
        AFP  -  70 words
      • Article
        Lock icon Manila to float US$100m Eurobonds
        73 6 AFX-Asia [MANILA] The Philippine central bank will float another US$lOO million (Ssl7l million) worth of Eurobonds in Hongkong this month to boost the level of its gross international reserves, governor Gabriel Singson said. The plan follows a successful similar bond issue in Hongkong. Mr Singson
        AFX-Asia  -  73 words
    • Article, Illustration
      Lock icon HK jobless rate rises to 5.8% in Nov-Jan period
      595 8 HONGKONG Analysts expect more layoffs in the coining weeks Reuters HONGKONG'S unemployment rate edged higher to 5.8 per cent in the November through January period and is expected to rise further in the coming weeks as companies trim staff after the
      Reuters; AFP  -  595 words
    • Article
      Lock icon Australia moves closer to cutting company taxes
      453 8 CANBERRA Panel led by Foster's chief suggests reform of corporate, capital tflv Bloomberg AUSTRALIA came a step closer to cutting corporate and capital gains tax rates as part of wide ranging changes to the taxation system which companies have said is close to
      Bloomberg  -  453 words
    • Article
      Lock icon Thai DPM Supachai still in running for top WTO job
      347 8 BANGKOK Jan poll shows he's still favourite among members Reuters THAILAND'S candidate to lead the World Trade Organisation said yesterday he was still in the running despite speculation he may not have the support of the US. Thai Deputy Prime
      Reuters  -  347 words
    • Article
      Lock icon China may increase gold reserves: World Gold Council
      295 8 SYDNEY Bloomberg CHINA'S central bank, the People's Bank of China, may add to its gold reserves amid concern about the continued dominance of the US dollar among world currencies, the World Gold Council said. China may consider using gold as a safe
      Bloomberg  -  295 words
    • Article, Illustration
      Lock icon S Korea to free 8,812 prisoners under an amnesty
      368 8 SEOUL Reuters SOUTH Korea announced an amnesty yesterday for nearly 9,000 offenders, including freedom for a former North Korean soldier jailed 41 years ago and believed to be the world's longest-serving political prisoner. Woo Yong Gak, 71, would be one of
      Reuters; REUTERS  -  368 words
    • Article
      Lock icon Trade may warm up Indo-Pakistan ties
      310 8 m NEW DELHI Economists welcome setting up of joint commerce chamber AFP PROPOSALS for developing economic ties between India and Pakistan could prove a vital factor in warming political relations between the rival neighbours, economists said yesterday. An important step was taken by Indian
      AFP  -  310 words
    • ASIA Briefs
      • Article
        Lock icon Loan guarantor for small Chinese firms
        87 8 Reuters [BEIJING] China has opened its first agency exclusively designed to offer loan guarantees for smaller enterprises, the Financial News reported yesterday. The agency, based in Zhenjiang in Jiangsu province, was backed by the cabinet's State Economic and Trade Commission and the United Nations,
        Reuters  -  87 words
      • Article
        Lock icon Deal may cause Pakistani default
        106 8 Bloomberg [HONGKONG] Pakistan may be forced to default on US$76O million (551.29 billion) in Eurobonds because of a US$3.3 billion debt restructuring agreement with its Paris Club of sovereign and international development bank creditors, Standard Poor's said yesterday. While the Paris Club has traditionally not
        Bloomberg  -  106 words
      • Article
        Lock icon Viet top brass to visit China
        87 8 AFP [HANOI] Communist Party General Secretary Le Kha Phieu will lead a high-powered delegation on an official visit to China beginning on Thursday, government sources said yesterday. Mr Phieu will be accompanied by first Deputy Prime Minister Nguyen Tan Dung and Deputy Prime Minister
        AFP  -  87 words
    • Article
      Lock icon HK warns China immigrants of deportation
      137 8 ■HONGKONG Reuters THE Hongkong government said yesterday it would deport hundreds of mainland Chinese if a local court ruled against residency in a test case to be heard in March. Speaking at a news conference, acting Secretary for Security Raymond Wong urged mainlanders claiming
      Reuters  -  137 words
    • Article
      Lock icon Trade to top agenda on Zhu's Moscow visit
      284 8 BEIJING AFP CHINESE Premier Zhu Rongji, who flies to Moscow tomorrow for his first official trip, will be trying to boost flagging trade, diplomatic sources in Beijing say. "The global financial crisis has had an adverse effect on trade between the two,
      AFP  -  284 words
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      587 7 I A 20% BONUS! IT'S ENOUGH TO MAKE YOU WANT TO LEAVE THE COUNTRY. x To be perfectly honest, that's the This means that 20,000 Asia Miles earned on your en^re idea: Adios. Ciao. Arrivederci. Citibank Cathay Pacific Visa gives you 24,000 Asia Miles J lyf Sayonara to the same
      587 words
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      39 8 —CCastle Group BT-01 A vital reference for anyone doing business in Indonesia xL?# 5 Group Fax a copy of this ad and your business card to (62-21) 572 7329 or email: igdl@castieasia.com for table of contents and order form
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  • FOCUS
    • Article, Illustration
      Lock icon Of dictators and the opposition
      3766 9 SM Lee gives his views on China, the flow of information across borders and Chee Soon Juan in a wide-ranging interview Excerpts of noted critic William Safire's interview with Senior Minister Lee Kuan Yew, recorded on Jan 31 at the World Economic Forum in Davos,
      FILE PHOTO  -  3,766 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Greenspan set to warn of risks as he hails economy
      684 10 WASHINGTON Analysts say he may drop hints of rate rise if economy starts to show signs of overheating Reuters [WASHINGTON] A bonanza of good economic news should lift the tone of a key address this week by Federal Reserve chairman
      Reuters; FILE PHOTO  -  684 words
    • Article
      Lock icon US stalls on US$450m satellite sale to China
      406 10 WASHINGTON Billions in sales for US companies at risk, says official FT THE sale of a US$45O million (*****.5 million) Hughes telecommunications satellite to China is on the verge of b£ing rejected by the US administration, calling into question US satellite transfers
      FT  -  406 words
    • Article
      Lock icon Clinton unlikely to win fast-track authority
      310 10 WASHINGTON Bloomberg EFFORTS to reach a compromise on legislation giving US President Bill Clinton more authority to negotiate free trade agreements are faltering, making it unlikely such a bill will pass this year or next, members of Congress and analysts say. Supporters of the
      Bloomberg  -  310 words
    • Article
      Lock icon UK growth may grind to a halt
      532 10 LONDON Bat despite expected drop in output, a full-blown slump does not seem likely Reuters BRITAIN'S economic growth rate in the final quarter of last year may be scaled down when official figures are published today, and looks set to grind to a
      Reuters  -  532 words
    • Article, Illustration
      Lock icon We shall not be moo-ved
      79 10 [BRUSSELS] A farmer yesterday appearing between two posters during a demonstration in Brussels. Up to 50,000 farmers from across Europe gathered here yesterday to protest against planned reforms to the European Union's agricultural policy, including lower guaranteed prices for agricultural products, which will only be
      REUTERS  -  79 words
    • Article
      Lock icon Russia unable to stem capital flight
      251 10 U MOSCOW Central banker says fnnds slipping out as 'import supplies' AFP RUSSIA'S central bank admitted yesterday it was losing the battle against a haemorrhage of funds offshore despite rigorous control methods, Interfax reported. Deputy chairman Oleg Mozhaiskov told the agency that Russians were
      AFP  -  251 words
    • Article
      Lock icon US governors unite on tobacco deal
      330 10 WASHINGTON LAT-WP AMERICAN governors were to put up a united front yesterday when they met President Bill Clinton at the White House, determined to prevent the federal government from taking a big share of the US$l95 billion (***** billion) tobacco settlement reached late last
      LAT-WP  -  330 words
    • Article
      Lock icon G-7 urged to bolster growth and free trade
      183 10 BONN AFX Asia BRITISH Chancellor of the Exchequer Gordon Brown said G-7 countries must pursue policies to stimulate growth and boost free trade to avert a deterioration in prospects for the global economy. While the Group of Seven nations is "aware that
      AFX Asia  -  183 words
    • Article
      Lock icon Obuchi looks to Yeltsin visit to break island row stalemate
      274 10 TOKYO AFP JAPANESE Prime Minister Keizo Obuchi and Russian Foreign Minister Igor Ivanov yesterday reaffirmed a wide gap over a territorial row which has blocked a treaty formally ending the technical state of war between the two countries since World
      AFP  -  274 words
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      101 10 FOR SALE HPeJiterri < stu&tra/ict/ 4 Ha/* fjßoutiyue GQ&Q) Features include: 119 spacious guest rooms suites Stunning restaurants bar Conference recreation facilities Development potential Under management by Mirvac available with vacant possession Expressions of Interest close: sth March, 1999 Andrew Seet, Singapore Ph: 224 8181 Tony Karp, Singapore Ph: 536
      101 words
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      8 10 Editorial: Futile debate on currency targets, Pg 11
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  • EDITORIAL & OPINION
    • Article, Illustration
      France says 'oui' to change
      808 11  -  BOTTOMLXNE OPINION nu Clarissa Tan The writer, a BT reporter, visited Paris two weeks ago THE French, in an adage which exhibits both their attitude towards the past as well as their tendency towards abstraction, like to say: "The more things change, the more they
      808 words
    • Article
      IN OTHER WORDS
      61 11 'We're not in the mood for swapping our hard-earned cash for someone else's hard-earned liability.' -Jacques Nasser Ford Motor's chief executive, telling reporters in Los Angeles that the world's second largest carmaker doesn't need to acquire or buy stakes in other carmakers. But Ford, which agreed to
      61 words
    • Article
      Futile debate on currency targets
      629 11 EDITORIAL IT was predictable that the United States would oppose the currency stabilisation regime promoted by Germany and France (with rather half-heart-ed support from Japan) at the weekend meeting of the Group of Seven (G-7) finance ministers. Washington's agenda is basically incompatible with the aim
      629 words
    • Article, Illustration
      Lock icon Why E Asia did not get a strong banking system
      1100 11  -  Mismanagement of a country's finances by its leaders is often part of a political survival strategy By. Hilton Root The writer, who directs the Milken Institute's project on globalism, contributed this comment to The International Herald Tribune CONFERENCES and seminars
      FILE PHOTO  -  1,100 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1011 11 Jakarta's goodwill gesture THE government's decision to raise regional minimum wages by an average 16 per cent could easily be taken as a gross insult, considering Indonesia suffered inflation of 77 per cent in 1998. For many workers, real income has lagged so far behind runaway
      1,011 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Kremlin fanfare for blockbuster
      885 12  -  Nikita Mikhalkov sees his Barber of Siberia as an attempt to restore Russians' battered sense of national pride, says gareto jones GARETH JONES Reuters RUSSIA has never seen a film quite like it. In a blaze of publicity that included a dazzling fireworks display over central
      Reuters; REUTERS  -  885 words
    • Article
      THE WEATHER
      228 12 Singapore: Partly cloudy and occasionally windy with passing showers in the late afternoon mainly over northern and western Singapore. Temperature (26/31C) A*ift-Padflc Lo/Hi* Cond. Aurkland 17 21 iHear Bangkok 2432 fair Bqjing -2/13 fair Brnnhay 2637 hazy Brisbane 22 2» dnudy Bronei 2431 cloudy Hanoi 12/17 Houdy Hongkong
      228 words
    • Article, Illustration
      Lock icon Els beats the wind, takes Nissan Open in fine style
      1109 12 GOLF He proves there's more to golf than Tiger Woods and David Duval LAT-WP [LOS ANGELES) Ernie Els doesn't seem the type to be overlooked, not a guy who could take his five-iron and turn a eucalyptus into a pile
      LAT-WP; REUTERS  -  1,109 words
    • Article, Illustration
      Lock icon 'Shakespeare' bags top screenplay
      462 12 FILM Elmore Leonard provides Scott Frank with second win LAT-WP [HOLLYWOOD] The films Shakespeare in Love and Out of Sight won top honours Saturday night at the 51st annual Writers Guild Awards. Marc Norman and Tom Stoppard won for their original screenplay for the lusty romantic
      LAT-WP; REUTERS  -  462 words
    • Article, Illustration
      Lock icon London steps out in style
      416 13 FASHION Big money being spent on 40 catwalk shows daring Fashion Week Reuters (LONDON) London Fashion Week arrived in style on Sunday as designers, buyers and trend gurus descended in their thousands for one of Britain's biggest fashion jamborees. With around 40 catwalk shows packed
      Reuters; REUTERS  -  416 words
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      112 words
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      683 13 Where to wine, dine and EsX£22tlSL ifia&S- Pre-Chinese New Year Set Menus for Corporate Luncheon Si Dinner (7-13 Feb) $268 or $338 for 8 to 10 pax Yusheng Promotion (3 Feb 2 Mar) Lobster at $88 per order, Abalone at $68 6i Salmon at $38 or $48 Chinese New Year
      683 words
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      53 13 2-13 March '99 Fu Acrobatic Troupe mm S performance 2-4 March '99 I m^Sßormjnx^ Reservations: 224-3203 o~rwm Vmm Hsmm, frm* S»V"f— 049i1l TtL 224 3922 Advertise in Wine, Dine Entertain I of The Business Times. I Contact Jennifer Ng 740 1581, Ravmnnrl Spah (a 74H I ~>fU) nr «,h.rU. I
      53 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      874 13 CRYPTIC CROSSWORD 1 Instant cut back (5,6) 9 Spreading on treacle allowed H|HV variation (9) jj P® 10 Ruthless she certainly was 11 Changes as the afternoon be- 12 Disparaged article by new press H 13 A member of the family in hospital? (6) 15 Maybe a rep used influence
      874 words
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      567 14 rnHbt bbhw^M Bl B t 'rB V« sl£9HE?fl B <B V <B r Ml PW Bifli "X Ir- 1 L HBr vra«f M! Ba^-i'^;, 3g? j B£ Y' M x :,>su& s [B K| I Bh fl VAlf J B, j ll II Fr 'fE AS SII\ m p/ P"!
      567 words
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  • COMPANIES & MARKETS
    • Article
      DBS aims to top its 10-11% historical returns on capital
      367 15  -  Conrad Raj [SINGAPORE] DBS Bank has set itself a target of doing better than its historical returns on capital of 10-11 per cent a year within the next three years, its vice-chairman and chief executive officer, John Olds, told reporters
      367 words
    • Article
      At last, John Olds meets the press—and wins them over
      960 15  - At last, John Olds meets the press —and wins them over HOCK LOCK SIEW Catherine Ong O, this is a genuine John Olds sighting?" Chris Donville, a reporter for Bloomberg news wire, said in jest as he and other journalists sat down for lunch yesterday with the first foreign chief
      960 words
    • Article
      Deutsche issues warrants on S'pore banks' shares
      410 15  -  10-20 m covered call warrants at cents each based on local-tranche stocks By' Wong Wei Kong [SINGAPORE] Deutsche Bank yesterday launched covered call warrants on the local shares of Singapore banks, designed to appeal to foreign investors who are worried about a possible
      410 words
    • Article, Illustration
      Lock icon SML posts 16% net profit fall, but sees pickup from '99
      489 15  -  $89m extraordinary losses from writedown of non-core assets Wong Wei Kong (SINGAPORE] Sembawang Marine and Logistics yesterday announced a 16 per cent drop in net earnings for 1998 and extraordinary losses of $89.4 million. But the company, soon to
      CHRIS LOH  -  489 words
    • COMPANIES
      • Article, Illustration
        Lock icon HSBC ready to seek New York listing to reflect global image
        845 16  -  Group also unveils acquisition of 70% stake in Seoul Bank as it announces 20% net profit fall From Loh Hui Yin in Hongkong EVEN as HSBC Holdings reported a 20 per cent slump in its net profit for 1998,
        AFP  -  845 words
      • Article
        HSBC buys 70% stake in Korean bank
        567 16 It's paying USs7oom for Seoul Bank; govt pledges to take over all outstanding NPLs HSBC Holdings yesterday announced it would pay about US$7OO million (Ssl.2 billion) for an initial 70 per cent stake in Seoul Bank, the second of two nationalised Korean banks
        567 words
      • Article
        Idris seeks debt panel's help
        370 16  -  Company may have to resort to capital redaction to satisfy creditors: analysts From Eddie Toh in Kuala Lumpur LISTED Idris Hydraulic controlled by prominent businessman Ishak Ismail has joined a growing list of debtladen companies in seeking help from a debt arbitration panel in Malaysia.
        370 words
      • Article
        KPMG to take over running of MBf Northern
        229 16 [KUALA LUMPUR] The Malaysian government has appointed KPMG Corporate Services to take over MBf Capital's ailing stockbroking firm, MBf Northern Securities. Listed MBf Capital, an associate of listed MBf Holdings, said KPMG will help "enhance the survival" of MBf Northern as a
        229 words
      • Article
        Ingram nets 95% of ERL but delisting not a certainty yet
        445 16  -  US buyer says it's evaluating options; SES suspends shares Hy. Annette Pau [SINGAPORE] Electronic Resources Ltd may not bow out of the Stock Exchange of Singapore after all despite being taken over by US electronics distributor Ingram Micro. Contacted
        445 words
      • Article
        Wee Poh directors to sell shares, takeover may follow
        346 16 THREE directors and substantial shareholders of Wee Poh Holdings have agreed to sell their shares in the listed company, setting in motion a takeover of the infrastructure construction specialist. The trio. Tan Kim Liong, Lim Kiang 800 and Lee Kok Swee,
        346 words
      • Article
        PTT seeks to block Ipco arbitration proceedings
        179 16 [SINGAPORE] A customer of Ipco International, the Petroleum Authority of Thailand (PTT), has turned to the Thai courts to block arbitration proceedings in Paris over a U5565.3 million (Ssll2 million) claim by an Ipco joint venture. It is also seeking some four billion
        179 words
      • COMPANY Briefs
        • Article
          Uraco substantial owner ups stake
          44 16 [SINGAPORE] Uraco Holdings substantial shareholder Kang Ah Nuy has bought 54,000 shares at an average of 23 cents each. The purchase brings the buyer's stake in the company to 11.27 per cent or 36 million shares, from 11.25 percent.
          44 words
        • Article
          Lock icon MAS denies top-level reshuffle
          76 16 Reuters [KUALA LUMPUR] Malaysian Airline System Bhd is not reorganising its management, and the resignation of its managing director last week is not a prelude to any top level reshuffle, a company spokesman said yesterday. He denied market rumours that there would be a shakeout after
          Reuters  -  76 words
        • Article
          Chosen's placement shares taken up
          65 16 [SINGAPORE] Chosen Holdings' 48 million placement shares and its four million reserved shares have been fully taken up, the company said yesterday. Issue underwriter Overseas Union Bank said it expects demand for the mainboard initial public offer's public tranche to be good. The company is
          65 words
        • Article
          Lock icon CSC raises stake in CSA Holdings
          71 16 Reuters [SINGAPORE] CSC Computer Sciences International Inc (CSC) has raised its stake in systems integrator CSA Holdings Ltd (CSA) to more than 54 per cent, Merrill Lynch (Singapore) Pte Ltd said yesterday. CSC bought 433,000 CSA shares, or 0.34 per cent of its share
          Reuters  -  71 words
        • Article
          Lock icon Flextech comfortable with estimates
          64 16 Bloomberg [SINGAPORE] Flextech Holdings Ltd's chief executive Joseph Au says analysts' 1998 profit estimates for Singapore's second-biggest publicly traded semiconductor company are not far off the mark. Flextech's 1998 profit is expected to have risen 14 per cent to 559.2 million or 8.6 cents a share,
          Bloomberg  -  64 words
        • Article
          Lock icon Powertek posts RM157m pre-tax profit
          54 16 Reuters [KUALA LUMPUR] Malaysian power producer Powertek Bhd reported pre-tax profit of 157.46 million Malaysian ringgit (Ss7l million) for calendar 1998, up from RM139.64 million in 1997, the national Bernama news agency said yesterday. The firm's turnover fell to RM204.45 million in 1998 from RM220.42
          Reuters  -  54 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Brierley selling 65% stake in NZ's Sky City
        599 17 Sale will reap NZs42Bm based on recent share price of casino operator Bloomberg [WELLINGTON] Brierley Investments Ltd, the struggling New Zealand investment group, continues to try to revive its fortunes by selling key assets, something it ruled out less than a year
        Bloomberg  -  599 words
      • Article
        Lock icon Aussie telco Optus surprises with return to the black
        338 17 Bloomberg [SYDNEY] Cable Wireless Optus Ltd, Australia's No 2 telecommunications company, unexpectedly returned to profit as surging demand for mobile phones and data boosted sales. Optus, presenting its first report as a publicly traded company, said earnings rose to As 24
        Bloomberg  -  338 words
      • WORLD Briefs
        • Article
          Lock icon Air France shares fly on debut
          82 17 Bloomberg [PARIS] Air France shares rose as much as 29 per cent yesterday on the first day of trading of Europe's third-biggest airline after investors flocked to the 650 million euro (551.23 billion) initial public offering. The shares started trading at 18 euros, giving
          Bloomberg  -  82 words
        • Article
          Lock icon Metro denies Carrefour takeover report
          59 17 Bloomberg [COLOGNE] Metro AG, Europe's biggest retailer, said yesterday that it wasn't planning to acquire Carrefour SA, the world's third-largest food retailer, denying a report to be released in German monthly magazine Capital. The magazine, without citing sources, said Metro's supervisory board chairman, Erwin Conradi,
          Bloomberg  -  59 words
        • Article
          Lock icon Telstra's cell network rates rejected
          62 17 Bloomberg [SYDNEY] Australia's antitrust regulator yesterday rejected Telstra Corp's proposed charges for allowing its cellular phone rivals to connect with the dominant telecommunications company's own wireless network. The Australian Competition and Consumer Commission rejected Telstra's proposals, required to be lodged as part of ongoing inquiries
          Bloomberg  -  62 words
        • Article
          Lock icon Nippon Trust Bank sees 84J.5b yen loss
          51 17 Bloomberg [TOKYO] Nippon Trust Bank Ltd, a subsidiary of Japan's largest lender, Bank of Tokyo-Mitsubishi Ltd, said yesterday that it expects to lose 84.5 billion yen (511.2 billion) in the year to March 31 as it writes off more bad loans than planned.
          Bloomberg  -  51 words
        • Article
          Lock icon Reliance says' 99 output will rise 35%
          47 17 Bloomberg [BOMBAY] Reliance Industries Ltd, India's biggest petrochemicals maker, said yesterday that its production will rise 35 per cent to 7 million tonnes in the year ending March 31, boosted by output from its new plant in western India. Bloomberg
          Bloomberg  -  47 words
      • Article
        Lock icon US IPO appetite limited to cyber-stocks
        354 17 Non-Internet issues fail to drum op similar frenzy Reuters [NEW YORK] Despite the new issues market's continuous flow of hot Internet deals, volatility on Wall Street is expected to keep heavy demand for initial public offerings from spreading far beyond the sexy cyber-sector. Internet
        Reuters  -  354 words
      • Article
        Lock icon 3Com launches two new versions of its PalmPilot
        214 17 Bloomberg [SANTA CLARA] 3Com Corp, the No 2 maker of networking equipment, unveiled two versions of its Palm Pilot handheld computer, bolstering its fastest-growing product line ahead of plans to ship an In-ternet-based Palm Pilot. The Palm lIIx, which has twice the
        Bloomberg  -  214 words
      • Article, Illustration
        Lock icon Telecom Italia hires advisers to repel US$59b Olivetti bid
        389 17 Italy's top phone company also wants govt to intervene Bloomberg [ROME] Telecom Italia SpA, Italy's No 1 phone company, hired Credit Suisse First Boston, Banca IMI SpA and JP Morgan to help repel a hostile US$59 billion (Sslol billion) bid by
        Bloomberg; FILE PHOTO  -  389 words
      • Article
        Lock icon Olivetti bid: Banks may earn US$600m
        126 17 Bloomberg (LONDON) Olivetti SpA's US$59 billion hostile bid for Telecom Italia SpA, Italy's former telephone monopoly, if successful, will reap about US$6OO million in fees for bankers, making it one of the most lucrative European transactions ever. The nine investment banks involved will earn
        Bloomberg  -  126 words
      • Article
        Lock icon Unilever set to unveil £l1b buy-back plan
        267 17 FT [NEW YORK] Unilever, the Anglo-Dutch consumer group, is close to announcing the first stock buy-back programme in its history. An announcement could come as early as today, when the detergent and ice-cream producer is due to disclose its 1998 earnings. Unilever declined
        FT  -  267 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Seoul's debt-ridden insurers next in line for overhaul
        470 18 Six life insurers vastly understated debts, says watchdog commission IHT ISEOUL] South Korea's debtridden insurance companies have become the next target for a government-engineered overhaul, with six big life insurers now candidates for takeover or dissolution in the next round of financial
        IHT; FILE PHOTO  -  470 words
      • Article, Illustration
        Lock icon AMP seen making full-year net profit of A$1b
        429 18 Reuters [SYDNEY] Australian insurance and funds management group AMP Ltd is expected to report a full-year net profit of just under Asl billion (Ssl.l billion) tomorrow, boosted by improved operating margins in the second half. Analysts contacted by Reuters were looking for
        Reuters; FILE PHOTO  -  429 words
      • Article, Illustration
        Lock icon Aussie trusts won't be taxed as companies
        263 18 Govt decides not to change taxation law; boon for industry Bloomberg [CANBERRA) Australian cash management trusts, worth As2oo billion (Ss2lB billion), won't be taxed as companies as previously planned. Treasurer Peter Costello said yesterday. The news is a boon for fund management companies
        Bloomberg; FILE PHOTO  -  263 words
      • Article
        Phillip starts Net futures, forex trading
        296 18  -  By Toh Han Shih [SINGAPORE] The Phillip Securities group has launched in Singapore for the first time an Internet service that offers trading in Simex futures contracts and foreign exchange. Called Phillip's On-Line Electronic Mart System Fu-tures-FX, the service covers, among others, the MSCI
        296 words
      • SMALL Change
        • Article
          Lock icon Swiss Life to buy Gottardo stake
          92 18 Bloomberg [ZURICH] Swiss Life, Switzerland's No 1 life insurer, will buy Sumitomo Bank's stake in Banca del Gottardo for 1.37 billion Swiss francs (Ssl.6 billion) and will offer to buy the rest in a bid to catch up with rival insurers in asset management.
          Bloomberg  -  92 words
        • Article
          Lock icon Universal Securities surges 30%
          92 18 Bloomberg [TOKYO] Universal Securities shares rose 30 per cent, their one-day limit, on news that Sanwa Bank, Japan's fifth-largest bank, will buy a 30 per cent stake in the small Japanese brokerage. The most recent bid was for 219 yen. up 50 yen from Friday's close
          Bloomberg  -  92 words
        • Article
          Lock icon QBE interim net triples to A$72m
          74 18 Bloomberg [SYDNEY] QBE Insurance Group said its first-half earnings almost tripled as it improved investment choices, but fell short of expectations as European equity investment earnings stumbled. QBE's profit rose to A 571.7 million (Ss7B million), or 18.9 cents, below estimates which ranged between
          Bloomberg  -  74 words
      • Article
        Futures shrug off weak Jan trade data
        133 19  -  iiimmi Reports MS& Singapore index Edward Cheung, Jardine Fleming THE MSCI Singapore Index Futures dipped on the open in reaction to the poor January trade figures released over the weekend. Non-oil exports fell 2.2 per cent to $7.12 billion in January from a
        133 words
      • Article
        Hopes of trading tax cut boost futures
        182 19  -  MBOi Taiwan fatnres Vincent Ngiam Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract opened higher and continued to raUy for a second day after the Chinese New Year holiday to close at 276.60. Various measures which the government is taking to
        182 words
      • Article
        Lock icon Oil prices slip further, chances of near-term recovery unlikely
        352 19 ENERGY REPORT Reuters [LONDON] Oil prices lost further ground yesterday, with weak market fundamentals continuing to dampen any chance of near-term price recovery. International benchmark Brent traded four cents lower at mid-day in London at U5510.36 per barrel. Oil prices, which
        Reuters  -  352 words
      • Article
        Lock icon CURRENCY REPORT
        321 19 AFP, Reuters T THE euro crashed down to an all time low here early yesterday as economists expressed their concern for the growth prospects inside the eurozone. The slide in the value of the euro, which fell below US$l.lO to its lowest level since its market launch on
        AFP,; Reuters  -  321 words
      • Article, Illustration
        Untitled
        1220 19 DtTBRBAMK CROSS RATE! Feb 22 M C$ ffc tare Ffr Pa HK$ twd Ks NHa» Yen Won W H8h>» Pw S$ IK S*rMT$mt Km* US$ Australia 0.949 6.171 0.571 3.791 1130 4.939 27.027 56.701 0.777 7.755 2.422 1182 32.7VI 25.052 1.093 3.990 0.926 *****24.032 0393 0.637 ClMdi 1054 5576 0.609
        1,220 words
      • Article
        Untitled
        1769 19 SICOM FUTURES Feb 22 RUB8CB (Mm ctowvj it 5.30pm) RSS1 CONTRACTS cMta/kq) ClOM Votame Optfl Month High LOT S«tt (toWW) hrtorort Mar 99 m.00 ttl.OO ***** 100 400 Apr 99 1025 850 May 99 H52S 925 J«n 99 117.25 300 Jul/Sep 99 120.75 825 Oct/Oec 99 ***** 225 RSS 3
        1,769 words
    • Article
      WORLD STOCK MARKETS
      2152 20 LOfUKffl hriutiWi M»22 hn 34 Croup 1 601.000 18.000 AB Ports 265.000 5.000 AB6oy National 1237.000 14.000 AMod Oomocq 471.500 3.500 Alllad Zurich 897.500 -0.500 Amoc 181.500 -2.500 A Ida Group 149.000 -3.000 BAT Ind 567.000 4.000 80 Pit 361.500 7.250 BICC 80.000 2.000 BOC Croup 816.500
      2,152 words
    • Article
      Lock icon TOKYO
      1542 20 AFP flllttjja +158J3 TOKYO share prices rallied 1.1 per cent yesterday, supported by gains in export-led issues following the weekend's Group of Seven meeting that tacitly endorsed a weaker yen, brokers said. The yen slipped below 122 to the US dollar for the first time since early December, reviving
      AFP  -  1,542 words
    • Article, Illustration
      Lock icon HONGKONG
      1241 20 AFP P Hang Seng -24.78 HONGKONG share prices fell 0.3 per cent yesterday as jittery investors stayed on the sidelines ahead of the release of crucial bank results, dealers said. "The market has been dragged down by concerns that HSBC and Hang Seng Bank would have bad results," said
      AFP  -  1,241 words
    • Article
      Lock icon TAIPEI
      352 20 AFP QwPlnfax +24L30 TAIWAN share prices soared 4 per cent yesterday on expectations of a cut in the securities transaction tax that lifted sentiment already buoyed by stimulus measures announced last week, analysts said. The TSE Weighted Price Index rose 241.30 points to 6,313.63 following a 4.7 percent surge
      AFP  -  352 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares slip on lack of fresh leads
        345 21 AFP CI Composite Index -lflB MALAYSIAN share prices closed 0.5 per cent lower yesterday in dull trade as investors were sidelined by the absence of fresh leads, dealers said. The KLSE Composite Index dipped 2.68 points to finish at 562.61 while the lesser
        AFP  -  345 words
      • Article
        Untitled
        7895 21 —umiAii Coftsmir predicts J 999 Latt Val Oay N«t c« Mt L Company U* *h "000 High Law P/E $mii «2 2 f2 290 16.0 117 .5 3 Angkaaa 71-5 -5 3 71.3 71.5 105.4 283 243 Apollo Food Hlg 250 8.7 100 0 JS5 ?*r r L nd 161
        7,895 words
    • WARRANTS. OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        1983 22 MMDS, LOANS ft VARIANTS wt 52-Wk Last Vol Oay Last Ouot* Avg Mt»h Low St no Company Sal* *<*- COOO) High Law Buyor Sollor Mci 18 3 3160 A Acar ******1 USS -n 5 12 12 11 12 35 4.5 3164 Acma W*****4 15.5 -1 165 16 15.5 15.5 16
        1,983 words
      • Article
        Keppel Land wrt worth watching
        217 22  -  WARRANT WATCH -By Ven Sreenivasan THE Keppel Land warrant once again made it to the actives list yesterday after fluctuating between a high of 46.5 cents and a low of 43.5 cents and closing two cents down at 44 cents on a volume of 2.63
        217 words
      • Article
        CLOB INTERNATIONAL
        226 22 HONGKONG STOCKS Gr Gf 52-Wk Last Vol On LMt Ouott Dtv Dtv YM NX M Cap High Law Stno Company Sata fOOO) High Law Buyar Sa4ar Cw W Smli 5123 CDC (2000) HK 400 8 2.4 2 20.5 7744.7 5124 Cathay Pac 20c MK—720 265 2.1 7.4 6
        226 words
      • Article
        Lock icon WELLINGTON
        262 22 AFP n Wellington ****** NEW Zealand share prices rose 1.2 per cent yesterday to hit a nine-and-a-half month high on huge turnover driven by Telecom Corp. The NZSE-40 Index closed up 26.45 points to 2,261.39. Turnover was worth NZ5345.6 million. Rises outnumbered falls 53 to 33 among the 134
        AFP  -  262 words
      • Article, Illustration
        Lock icon BANGKOK
        739 22 AFP CI SET Index -2.05 THAI shares closed yesterday 0.6 per cent weaker in thin trade as investors waited for fresh leads, dealers said. Dealers said the weakness of the yen following the weekend meeting of the Group of Seven nations had impacted on currencies across the region, eroding
        AFP  -  739 words
      • Article
        Lock icon SEOUL
        415 22 AFP n Composite Index -LL6B SOUTH Korean share prices closed 2.6 per cent lower yesterday in light trade led by foreign sellers amid concern over the yen's weakness, dealers said. "A weak yen kept overall sentiment low, with no positive factors in sight," Boram Securities analyst Han Soo Chul
        AFP  -  415 words
      • Article
        Lock icon SYDNEY
        601 22 AFP n All Ordinaries -8.00 SHARES slipped 0.3 per cent yesterday as investors digested the latest raft of company results, brokers said. The All Ordinaries Index fell 8 points to 2,916.3. The All Industrials Index fell 25.6 points to 5,278.8, while the All Resources Index went up 9.6 points
        AFP  -  601 words
      • Article, Illustration
        Lock icon JAKARTA
        671 22 AFP Q Composite Index -&35 INDONESIAN share prices closed 1.3 per cent lower yesterday amid concerns over bank liquidations expected to be announced later this week, as a bomb scare briefly disrupted trading, dealers said. "All news that we have heard was mostly negative, such as bank liquidations and
        AFP  -  671 words
      • Article
        Lock icon MANILA
        308 22 AFP F1 Manila ♦13.06 PHILIPPINE share prices closed 0.7 per cent higher yesterday on selective buying after a shaky start on the back of a weakening Japanese currency. The Philippine Stock Exchange Composite Index rose 13.06 points to close at 1,939.69. Turnover reached 114.23 million shares worth 684.93 million
        AFP  -  308 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6586 23 »N. c^ Y <•&, Y s ss t c i^ MULTHNBUSTIY it a*"tsras%s=2r 64 72 ns s 72 275 i 5 23 72 36 8 1093 Asia FoodtProp._US18 0.5 743 t8.5 18 18 18.5 16 2 522 5 •40 70 1277 GuangzhouHKIOc HK100 35
      6,586 words
    • Article
      SESDAQ
      1185 23 Cf Cf M Wt ..v*? LMlOueta Mv Otv YM Nat Cap Am cif-i fan coop) u» >»yr «—m cw p/t »m wm mmnamm 231 30 2049 AS Auto 10c 90 2 5 278 92.5 90 90 90.5 IS N 7 IT 8.5 1028 92 79.5 45 2051 ASJHWQ.20C 55
      1,185 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        330 24 Stocks VaiMit SingTel 15c 16,096,000 STEngglOc 7.889,000 SemdCorpI 25c 7,749,000 OeSUfld 5,593.000 OCBC Foreign 4,376,000 (JOB Foreign 3,990,000 SPH 3,480,000 DairyF US5c 3,329,000 Bank Bkt ML CW99 3,043,000 JSH US5c 500 2,999,500 Stocks SPH 67,262,499 OCBC Foreign 49,792,733 SingTel 15c 3a.9H.454 UOB Foreign 38,482,412 SIA Foreign 20,288,250 DBS Foreign 18,*****9
        330 words
      • Article, Illustration
        Weak trade data shrugged off amid program buying
        632 24  -  STOCK MARKET COMMENTARY Funds zero in on bine chips as STI regains 1,400-point level; bank stocks also in limelight By Ven Sreenivasan INVESTORS shrugged off poorer-than-expected January trade figures to begin the week on a stronger note as funds zeroed in on
        632 words
      • OH THE GRAPEVINE
        • Article
          The R-word
          91 24 IT seems that Malaysia's New Straits Times Press may soon embark on a voluntary scheme to trim the number of journalists and employees in a bid to return to the black. The listed publisher of leading Malay and English newspapers in Malaysia may also be in the midst
          91 words
        • Article
          Plastic is king
          60 24 SOME of the reasons why Singapore is ahead ofcountries like the US and the UK in becoming a cashless society obviously have to do with our smaller physical size as well as a relatively younger population profile. But according to Wee Tew I.im, chief executive at Network
          60 words
        • Article
          Modern dragon
          104 24 THE Malaysian Hong Leong group, a diversified conglomerate controlled by tycoon Quek Leng Chan, is quietly undergoing a cosmetic change. Recent recruitment advertisements by two Hong Leong units in Malaysian newspapers revealed a new logo in jdace of the widely-recognised trademark of a dragon. According to a company
          104 words
        • Article
          First the generals,then...
          60 24 AFTER DBS brought in a bunch of mostly former JP Morgan guys—and gals—at the top levels, bank official* are waiting with bated breath for the newcomers to bring in their own people at the lower levels. "First the generals, then the colonels, then the captains." was how
          60 words
        • Article
          Lim Ho Kee joining DBS?
          117 24 RUMOUR that former ÜBS head honcho LimHoKee would be joining DBS is still being circulated in banking circles, despite the fact that DBS has already flßed up most of its top positions. Mr Lim, among other things, has one common feature with many of the
          117 words
      • Article, Illustration
        HOT STOCK
        69 24  -  By Ven Sreenivasan US-dollar-listed Dairy Farm International has been sandwiched between its support at around US$O.9O and resistance at around US$l.lO in recent days. Although the RSI and stochastics hint at further sideways movement, the recent pick up in volume could spell a change in fortunes for the
        69 words
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      36 15 A m mwr ""ijfc >n» f Wo m^ h*&~ I—* 'V NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. I /?£> v c/ "isa rro v *<IWWWWWWWW»Wi^^ Hj Flex available: I H *T, R2andS2
      36 words
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      184 16 Seminar on The 1999 Budget and Current Developments in Taxation The 1999 Budget is scheduled to be presented to Parliament on 26 February 1999. The aim of the seminar is to provide a briefing on the main taxation provisions of the budget and to discuss current developments and issues in
      184 words
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      268 17 rf W M V I k T g 10S<» 55 r jfejflV,' Ll y a>)riß><ar i? Qs 6/YW&/ „&&w Phillip's On-line Electronic Mart System Once again, POEMS takes the lead in bringing you more trading options. Now, the world of currency trading is just a click away, wherever you are!
      268 words
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      111 18 This announcement appears as a matter of record only MLMCTHOH.C RMmOUmCMB INGRAM An Ingram Micro Attilute 13E229 ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) Unconditional Cash Offers by Ingram Micro Singapore Inc. (Incorporated in the United States of Amenca) to acquire all the issued ordinary shares of $0.10
      111 words
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      Page 18 Advertisements Column 2
      10 18 TODAY v£ianhe Zaobao t««? t«*£?m v n tTW iflfc *****77
      10 words
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      Page 18 Advertisements Column 3
      101 18 Read all about Work Boat World Asia 99 in SHIPPING TIMES 23/2/99 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
      101 words
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      40 20 HIM tin*— BSE: 1 t I l UTbHnocsHcavre Asian view I Egfe TV 19 by Yang Razali Kassim I' imMW SBBSSSSE** TfffiBUSINESSTIMES l a r i Wednesdays By Yang Razali Kassim cm MA vVaTvH Thursdays By LuNing Hwiarar 1 THEBUWESSTIMES
      40 words
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      1443 24 Our Hot Ideas give you an instant edge. Call DBS Investor Online at 438-1188 gg| )(?SBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 ***** WggJSia^ Use creative recruitment Ads to enhance your corporate image. MIME MATTER OF TME COMMMES ACT CAP S ANO M THE HATTER OF
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      315 25 Bridge News, Reuters A JUMP of 12 points on the Baltic Freight Index (BFI) to 843 (up 33 points for the week) and 17 points on the Baltic Panamax Index to 839 (up 49 for the week), reflected fresh panamax rate gains, brokers said. The firmer panamax rates
      Bridge News,; Reuters  -  315 words
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      MARITIME STOCKS
      282 25 so 'ooo r«*2i a w CWT Distribution 0.53 -0.01 3 Choan Hup 0.625 *0.005 209 Cosco lnv*stm*nt 0.48 FrrtgM Links 0.16 -0.005 224 GBHoiomqj 0.37 uneh 8 H4 Sun Hup 0.46 -0.01 142 IMCHoMngs MK 5.60 Jaya Holdings 0.54 -0.025 30 Juronq Shipyard 6.60 -0.09 382 K*pp*(Corp 4.06
      282 words
    • Article, Illustration
      Asean shippers urge govts to act on rate hikes
      568 25  -  Shippers' councils also stress need for cooperation on global level By] Marcus Hand [SINGAPORE] Asean shippers have called for government intervention and cooperation among shippers at a global level to combat hefty freight rate increases planned by shipping lines this year,
      568 words
    • Article
      TWRA ups currency surcharge for some Asian shipments in 2nd quarter
      270 25  -  But transpacific group will snspend fuel surcharge By Felix Chan [SINGAPORE] The six-mem-ber Transpacific Westbound Rate Agreement (TWRA) has raised its currency adjustment factor (CAF) for some Asian shipments beginning in the second quarter of 1999 to take into
      270 words
    • Article, Illustration
      Lock icon Oil spills are not disastrous to environment: academic
      273 25 [LONDON] Two major themes, both of which run counter to public perceptions of oil spill incidents, emerged from the recent 12th Annual Forum on Oil Pollution: Understanding the Latest Challenges, held by IBC UK Conferences in London. Bringing together the results of
      FILE PHOTO  -  273 words
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      Lock icon Indian shipbreaking workers face health risks: Greenpeace
      221 25 AFP (NEW DELHI] The lives of thousands of Indian workers at two of the world's leading shipbreaking yards are being placed in danger by exposure to powerful toxins, Greenpeace said. The workers, some as young as 17, are constantly exposed to asbestos, lead,
      AFP  -  221 words
    • Article
      First Asia work boat show opens
      115 25 [SINGAPORE] A conference and exhibition focusing on small and large commercial work boats will be begin today at the World Trade Centre. Organised by Baird Publications, the inaugural Work Boat World Asia 99 aims to contribute to the design, con- struction and operation of
      115 words
    • Article, Illustration
      Lock icon Setting the competitive trend
      1191 26 US SHIPPING LAW The new US law governing competition in liner shipping could set the trend in policy but the EC poses difficulties ITJ THE reform of the US Shipping Act of 1984, which governed competition in liner shipping to and from the United States for
      ITJ; FILE PHOTO  -  1,191 words
    • Article
      SHIPPING SCHEDULES INDEX
      200 26 PAGE Dongnama 3 ACL 6 ECU Line 6 ANL 3 ECL 5 8 Accord 8 6 Appenship 5 FoongSun 8 Austral 8 6 Linti 4 Balaji Shpq 4 Gemartrans 8 BSA 7 HaiSunHup 8 B'tanq Mas 8 Hangli 7 CCNI 7 Hanjin 3 CMA 8 Heung-A 4
      200 words
    • Article
      SHIPPING GUIDE
      11427 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oesfn Name Name Number Number 03/03 14/04 Norsul CSAV HONG KONG 006S 65-*****77 To ABU DHABI (AUH) 2004 U.A.Emirat*S 04/03 19/03 Evergreen E. GROWTH 0274-066W 65-392im 24/02
      11,427 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        675 35 Vessel Voy Mo Berth Arrival Departure *«"thV5l ****** JWe 1 alongside 22.02/2300 Arete 2)0299 J16 alongside 24.02/0600 Blissful R 2 9902 J02 alongside 22.02/2300 Bt Aladin Jo 2FEB99 J01 alongside 22.02/1800 *****9 J01 alongside 22.02/2300 w Tl *a S«j *****9 J01 alongside 23.02/0100 C Progress 19/02 J10 alongside
        675 words
      • Article
        CONTAINER SCHEDULES
        1792 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BooJtlng/taianct Bstls Ship Voy No Etb/Btr Period From To From IB 24/2399 M 22/1900 22/1659 22/1900 l« 22/1500 22/M99 22/HOO a 22/1700 2J/0659 21/0900 21 22/1700 23/0659 21/0900 1 21/0700 21/1159 21/MOO 4 21/1200 21/M59 U/1700 As Ptmchi 21-041 25/1200
        1,792 words
      • Article
        GLOBAL HOLIDAYS
        216 35 Marl South Korea: Independence Movement Day. Mar 8 China: Women's Day half day. Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mar 22 Japan: Vernal Equinox Day. Mar 25 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia:
        216 words
      • Article
        COCKETT BUNKER MARKET REPORT
        766 35 THIS report, compiled by CockeU Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        766 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        495 35 noun 994.8 1.0 18.8 0.09 112 0.05 Ft> w 0«M<tT Water Nsldue Art A hi minium Sedimeirt No above E25 1 0 15 0 1 0 HM/M 380 Aye 986.2 0.3 M.9 0.06 30 0.02 Cuoa 380 Max 994.9 0.7 19.8 0.09 65 0.07 wnn v/v
        495 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        DHL manager to help focus on package business
        415 36  -  Packages expected to account for as much as 70%-75% of business in future By\ Marcus Hand [SINGAPORE] DHL Worldwide Express* new managing director in Singapore," Charles Chan, has been brought in to help in the transition of the company's focus from document
        415 words
      • Article
        Lock icon Bombardier wins US$1.3b jet order from Northwest
        227 36 Reuters [MONTREAL] Canadian aerospace and transportation equipment maker Bombardier said on it received a US$l.3 billion order (552.18 billion) from Northwest Airlines Corp for 54 of its 50-seat Canadair Regional Jets, the largest single sale ever for the aircraft. Minneapolis-based Northwest also secured
        Reuters  -  227 words
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        Lock icon Toyota aims to boost European sales
        634 36 Sales target of 10% increase despite contraction in overall market Reuters [TOKYO] Toyota Motor Corp aims to boost sales in Europe this year, despite a modest contraction in the overall market, and will also move to raise efficiency in its European distribution channels, a
        Reuters; FILE PHOTO  -  634 words
      • Article, Illustration
        Lock icon Getting Ambassadors off the streets
        68 36 [NEW DELHI] A worker-wipes clean a new Maruti taxi next to a parked Ambassador taxi (right) in front of a Maruti dealership. The Delhi transport ministry, after ordering a phase out of commercial vehicles 15 years or older in the capital, including the old Ambassadors,
        AFP  -  68 words
      • Article
        Lock icon Keep to carry-on baggage limits, United urges passengers
        228 36 Carriers will then be able to keep to flight schedule Bloomberg [BOSTON] UAL Corps United Airlines, the world's No 1 carrier, is urging passengers to cooperate with its policy of limiting the size of carry-on baggage to keep flights running promptly, chief
        Bloomberg  -  228 words
      • Article, Illustration
        Lock icon American pilots union rejects offer to arbitrate dispute
        313 36 Bloomberg [FORT WORTH, Texas] AMR Corp, parent of No 2 carrier American Airlines, said it is willing to submit its labour dispute with the Allied Pilots Association to arbitration if negotiations fail, an offer rejected by the union. The airline said a
        Bloomberg  -  313 words
      • Article
        Lock icon Air France in talks to join Wings alliance: report
        149 36 Bloomberg [PARIS] Air France, Europe's third largest airline, is in talks to join an airline alliance that includes Alitalia SpA, KLM Royal Dutch Airlines NV and Northwest Airlines Corp, Italian news agency ANSA reported. Air France refused to comment on the
        Bloomberg  -  149 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1863 36 OTT fUBff m FU6WT CT0 IH778 1650 $026 2355 AOalalda 8*7Ml 1930 BA7382 2050 N***** 1650 IH779 2359 0F81 1930 QF82 2050 S***** 1650 NZ4579 2359 AM8229 2230 BA7306 1840 S***** 2359 LH6380 2230 W ***** 2230 M $0909 1730 S0990 0W5 AmstartM KL043 0540 6A972
        1,863 words
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      15 25 US shipping law setting the competitive trend But the European Union poses difficulties. Pag© 2
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      Page 25 Advertisements Column 2
      569 25 DHL manager to help focus on package business Packages expected to account for as much as 70%-75% of business in future. Page 12 _PeopJe lan Greiq has been promoted to the executive committee of north Atlantic container shipping company, Canada Maritime Canmar). As an executive director, Mr Greig, who has
      569 words
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      724 26 SUPER SHUTTLE EXPRESS 11 [QULF KARACHI EXPRESS (C KX) j VKSiI VOYAGE IG4 """"sßr*"' I**''1**'' VKSII W JU DM UK MO KM CM KG TS™ ooa MITAIN 22W507 17/02 07/03 PtO WMIOYD OUOAI 42! 10/02 12/02 12/02 14/02 10/02 2J/02 27/02 20/02 oociamirica 32w504 24/02 14/03 no niduoyd iahrain isc
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      666 26 Lines services represented u |©I rssKsc? A 1 Singapore Shipping Associaton macoline Accepting DUBAI PASIR GUDANG ONLY I TIL: *****11 FsT22M9s4^^| SEMBAWANG KIMTRANS (S) PTE LTD cotmmwm scums jsl rasrAl SINGAPORE lo BATAM, BINTAN. KARIMUH '1 SINGAPORE Jo BANGKAISIAND A 1 J SINGAPORE to CILEGON "'r^c TO SINGAPORE MANIIA/HJBIC BAYAUZON
      666 words
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      1170 27 SAX SERVICE (DIRECT) rasa VOT sin* u» oak 1 pal HOU Oi ca |WWI AH KYC AHSWO. OOff 03/03 11/03 23/03 23/03 24/03 23/03 24/03 24/03 25/03 25/03 AMUMUOBt 0231 09/03 25/03 30/03 30/03 31/03 30/03 31/03 31/03 01/04 01/04 ausamohtc oioi 17/03 01/04 06/04 q>/04 07/04 04/04 00/04 o>/o4
      1,170 words
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      Page 27 Advertisements Column 2
      1860 27 ®HANJIN SHIPPING likFl t Ms My* Lot *****30 HANJIN SHIPPING (S) PTE ITO hfl» ho** cm MOn«C 737 SAIES *****74 731 DOCUMENT 37*0771 774 OPERATIONS 37*0750 751 MAIN UW *****55 FAX ******0 a M i**********M TO NW USA CANADA USA CANADA* I•«I L* hm*/VoT sea UN IDnI ni w m
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      Page 27 Advertisements Column 3
      336 27 KMTC provides LCI consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 220 8558 U *****51 Ptsdn Mtai SWpfta| AfMdtt SAi M !r L m t wns rwtn., M 03-75*7530 <F«) 03-*****41 100 CtwMi I—4 CI OK **********0 M 416-02 A KTTf-//WWWJUITCCOJU (*OO4-*****00
      336 words
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      1554 28 DSRSENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA ASSIL WW SW LfM HTM MB WW IK IfU VESSEL IvOY I SIX I GfT Sft fOS VIC Mm HAMJW KEiIUNG WQtIO U K IS 03 II S3 13 03 14 B3 16 03 IMZMXNM mi 75 K 14(3 1113 10H 7103 27 03
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      Page 28 Advertisements Column 2
      821 28 IfejjiMAC-NELS S'POftE M'SIA LINES, INC p. QUOANQ: (07) *****26 I IV/ J OW WO. **********00 SIBU: (084) *****9 MANILA. (632) *****24 PENANQ: (04)*****36 BANGKOK: (662)*****67 SURABAYA: (31)*****0 P XaAWQ: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUOWNG (082) *****1-3 HAIPHONG SURABAYA MV "VAN XUAN" MV "KOTA SURIA" VOY: E5059
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      Page 28 Advertisements Column 3
      566 28 LINE By A TIU MM4I4 FAXi lIMIII r MUARA 1 LABUAN 1 vßsa vor nn iu vfssfi vor no in you MiMA spooe m CMMA JN332 VO4I/99 24/0117/01 STKAITS HOK VO4I/99 24/02 02/03 SWAUSHOri VO4I/99 2*/02 01/03 CMAJUM332 VOSt/99 05/03 04/03 CAAAHA *M 7 VOSI/94 05/03 00/03 STMfTS HOK VOSt/99
      566 words
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      1342 29 VESSEL VOY SIN PKO PEW PQB PUB DAM BWJ BA I BIK I IRAN BAKERI PJLI336 22/02 03/03 04/03 08/03 07/03 00/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 16/03 IRAN BABAEI PJLI333 08/03 17/03 18/03 19/03 21/03 23/03 IRAN TAKHTI PJLI337 15/03 24/03 25/03 25/03 28/03 30/03 1
      1,342 words
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      1970 29 Jla|pak« VOOI3W (ETA SIN 1 3 M N|, Com* USA Eact-Caaol I All-Watar sarvka will <all at I Hwfalli |»rti lait—ol »< lalHaian. J I SINCAKHt'SGCNiRU AGENTS: 6 SHiNTOH W** TIL 226 1900 MX: *****00 OUIWMD (l/l) *****02 JONOMOfHO; COSTftS SHIPPING PTC ITD #17-00 ooshm uies/kgs must/to mwuo ocrt io/o)
      1,970 words
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      Page 29 Advertisements Column 3
      656 29 \jnsn EASTERN CAR LINER, LTD. I 1 Ea (SINGAPORE) FT! ITP If I spreumg HI RORO LIFT UPTQ 450 TONS I ECI (SINGAPORE) PTE LTD LOAD NG FOR INCHON/ OSAKA CHITTAGONG/CALCUTTA/CHENNAI/MUMBAI MV "OCEAN BRAVE" V.13 MV "BRISA AZUL" V.lB ETA SIN 20/02/99 ETA INCHON 28/02/99 ETA SIM 22/02/99 ETA CTG
      656 words
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      1331 30 EUROPEAJK/SCAHDINAVIA/FINLANO/BUBBIA SGP RDM ANW HBG TMP ZEE LHV LHV THP ROM ANW HBG PKL SGP E. DEVOTE RW-005 27*2 19/03 24/03 20/03 22/03 23/03 24/03 E. RIGHT RE-037 20*1 30*1 2** l 31/01 02/02 25*2 2MB E. DEVELOP RW-005 06/03 26/03 31/03 27/03 29/03 30/03 31/03 E. REWARO RE 032
      1,331 words
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      Page 30 Advertisements Column 2
      1030 30 Ar P ADVANCE CONTAINER LINES (PTE) LTD ——ALL" TEL *****21, FAX *****19, TELEX :RS ***** ACLPL FO« BOOKINGS PUASi CALL: *****22 SALSSAMARKITING: *****21-26 OPERATIONS: *****6W *****06 CR NO. *****M0000E IAWWWK »>»AB JAKAITA •(I Dpm| vtssa vor aw iot vtssa voy sin jkt SfOSAMjr SRS4S7 24/2 Wd 27/2 Sot 3NAHSURYA 005
      1,030 words
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      Page 30 Advertisements Column 3
      615 30 NANT AI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VfSStl 1 VOT 1 SIX I rUJ DUB I JHI I CFT IKI GOLDEN MAGOM VOIOS 03/03 12/03 16/03 19/03 20/03 NANttl QUEEN VO33S 13/03 22/03 26/03 29/03 30/03 "02/W~ KAKIAI WAGON VOI2S 23/03 02/04 06/04 W/04 10/04 NAKIAI VENUS
      615 words
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      468 31 BSfl ik Imm MYANMA pBBk FIVE STAR LINE (Myanmor National Lin*) Loading for Yongon (Rangoon) VESSEL VOT SIN Mil PEN PGU HPA-AN 256W SU> MONG-U 21W SID MALAYSIA AGENTS: lOUSTEAD SHIPPING AGENCIES KUI: m (03)*****00 PKL- HI (03) *****01 PEN: IK (04)*****02 PGU: 1H (07)*****21/4 BANK LINE (A service of
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      1282 31 HMNEHYUNDAI MERCHANT MARINE CO., LTD. [VESSa VOY I SRI I SOU 1M RTM ANT HAM MV FE IVESSa VOY|SOU|I«|RTM|ANT|HAM|BRVI FEL SM I HYADMMAL 318W 25/02 15/03 20/03 17/03 18/03 NOHOUTE 01 IE 05/02 06/02 31/01 02/02 23/02 NOl CORAL 006W 26/02 19/03 20/03 14/03 16/03 HYMRON 317E 01/02 06/02 03/02
      1,282 words
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      1155 31 yL nonwgon specialized oukxamen lL™u„. ©®®®e TO NORTH AND LATIN AMERICA "RORO HEAVYLIFT SERVICE" VESSEL VOT RAMP HEIGHT I SIM I lAX C»L MIA SAY BAI OOF NYC HEW MOt TEXAS F905 *00 Tow 6.3 M 26/02 2S/03 03/04 06/04 08/04 10/04 11/04 12/04 17/04 JS/04 TOIA F906 400 Tom
      1,155 words
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      2156 32 BANGKOK/ HAP TA PHUT/ LAEM CHABANO J A K ART A/P A N J ANQ VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN OANU BHUM 30N In Pt 27/02 26/02 ANRO GOWA* 073 ~inPt 27/02~ NANTA BHUM" 434N 24/02 27/02 28/02 GURU BHUM 118S 24/02 28/02 KOTA
      2,156 words
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      Page 32 Advertisements Column 2
      36 32 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial ParV, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax: 65-276 3740
      36 words
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      52 33 ®New Service to Middle East MEXICAN LINE TRANSPORTACION MARITIME MEXKANA, SA de CV. Ha j Ljnes Is Now with 1 g Ben Line Agencies on Page 8 Page 5 f I New Service to Calcutta/Haldia direct service to Calcutta (fV?VI Shipping SAMUDERA SHIPPING LINE Page 13 (Mon/Wed/Fri) Pa g e
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      149 34 wmmammm Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or service
      149 words
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  • Page 35 Miscellaneous
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      Page 35 Miscellaneous Column 1
      133 35 —ttZh f. i LEGEND: R Thunderstorm Temperature c V Shower Weather Wind Erection with speed m knots Rain V S _J Cloudy Sky Wove height WJoet winds are indicated by arrows which fly with the wind One fu« circle represents calm or hght ond variable winds W One half Heche
      133 words
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  • Work Boat World Asia '99
    • Article, Illustration
      Lock icon Fortunes afloat
      790 37  -  The regional economic turmoil is only one of many currents impacting the ship building industry. The fate of small to medium shipyards increasingly depends on their market focus. ■y DONALD URQUHART Donald Urquhart is a writer with the Special Projects Unit, SPH. With the total output of the
      YANTAI RAFFLES SHIPYARD; PRESIDENT MARINE; CONAN WU & ASSOCIATES  -  790 words
    • Article
      Region's first work boat show
      424 37  -  DONALD URQUHART The region's first ever exhibition and conference focusing solely on work boats opens its doors from today to Thursday from 10 am to 6 pm. Held in Halls 5 and 6 of the World Trade Centre, Work Boat World Asia '99 will pull
      424 words
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      Ride the fast ferries
      819 38 In a decade, a new breed of work boat has made its debut. Spawning a dynamic new industry, the fast vehicle-passenger ferry promises to revolutionise ferry transport. The concept of a 74-m wave-pierc-ing all-alu-minium catamaran carrying 580 passengers, 20 crew and 90 cars at a speed
      819 words
    • Article, Illustration
      Europe vs Asia out at sea
      650 39 After years of Asian predominance in shipbuilding, European shipyards are fighting back not only in specialised offshore designs, but also in conventional supply vessels. WE yards of Asia have managed to overtake their European counterparts in many areas of shipbuilding, the offshore sectors from
      650 words
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      High-speed safety scrutiny
      837 40 It is always safety first on high-speed ferries, more so with the High Speed Craft Code. But concerns now centre on the increased construction and operating costs and over-regulation brought about by the code. The adoption in 1996 of the International Maritime Organisation (IMO) High Speed Craft
      837 words
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      Lock icon Tugs in the right direction
      777 42 In the wake of the Exxon Valdez accident, escort towing became a hot topic of debate with certain requirements emerging but a lack of understanding still exists within the industry. Following a number of serious tanker accidents over the last decade, often with severe environmental
      PRESIDENT MARINE  -  777 words
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      162 37 1^ J Wave Master International is proud to announce the delivery of the 30-meter high-speed monohull KRISTEN to El Greco Jet Ferries, Inc. in Manila. Jason Brindisi, Managing Director of El Greco Jet Ferries comments that: "We chose Wave Master International to supply our new ferry after an exhaustive search
      162 words
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      Page 37 Advertisements Column 2
      547 37 boa t mets asia '99 world Trade Centre, Singapore www.marineshows.com ,n its 9th presentation, Asia's most established boat and <—marine equipment show will feature the largest international array of boats, marine equipment, accessories and technology for the marine industry. Meet over 400 companies and brands from over 37 countries including
      547 words
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      192 38 When it comes to tug building one name towers above the rest ■t PRESIDENT MARINE GROUP COMPANIES V Since 1980, the company has built over 250 vessels ranging from JESSE barges, tugboats, multi-purpose supply vessels, ro-ro vessels, bunkering vessels to passenger/car area launches and clean Besides shipbuilding, President Marine offers
      192 words
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      Page 38 Advertisements Column 2
      211 38 Rower MARINE generating sets itiiarivß ■BHi Xj Powered by FEATURES AND BENEFITS Extremely compact power units Extended service intervals lower cost of Low noise levels and fuel consumption ownership Maximum cooling efficiency by gear Technical and sales support driven pump Approved by major classification societies One side servicing reduces time
      211 words
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      116 39 Powerful force Make sure you electrical installations and automation Industry on board, when w w M M Bridge Systems Propulsion Control Systems IHHOHIHH3 B Power Generation and Distribution The new generation in power management systems. fr=D Ricom 3000 fcHI Machinery Monitoring and Control s Electrical Installations The new generation of
      116 words
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      142 40 rWHCWWIfIF? MMH scales new height During the first attempt to conquer Mt. Everest by the Singapore Mt. Everest Expedition Team, the Nera Saturn B was an indispensable communication W equipment to the team. It had provided them uncompromised communication services. The Saturn B had also proven to be able to
      142 words
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      Page 40 Advertisements Column 2
      141 40 KONGSBERG SIMRAD JOYSTICK SYSTEM (SJSOI) j|gsr& I, I The Kongsberg Simrad Joystick Systems (SJSOI) supercede the highly successful ROBSTICK/SJSSOO series. They provide a high degree of flexibility in terms of functionality and integration with other Kongsberg Simrad products. The basic systems have a number of options which can be added
      141 words
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      641 41 The Ultimate in Lifeboat System Repair S Maintenance *****02 vxA fem IV MTHMAL HPfl Zgi TechnoFlßßE l^a^hsH u,eboat and Davtt Maintainors The Techno Fibre Team mm c n n Message From Mr. R Ramesh Managing Director Company Profile At a time of increasing safety awareness in the marine industry, "Lifeboat
      641 words
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      94 42 Bpi Privately Owned Operated HALTER-YANTAI RAFFLES ifflhn .«J INTERNATIONAL Owned And Operated Chinese Shipyard World Class Quality Prune Contract by USA or Singapore Company TDI-HALTER, LP. HALTER marine GROUP, INC.: Halter-Yantai Raffles, Int't Extensive technical mcmavprinl rmr! 1800 West Loop South, Suite 1600 P.O. Box 3029 188, BukitTimah Road matl
      94 words