The Business Times, 26 February 1999
1999-02-26
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The Business Times
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Title Section13 1999-02-26 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c SINGAPORE Internet: httpV/business-times.asial.com.sg/ FRIDAY, FEBRUARY 26,199913 words
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Article60 1999-02-26 1 n m mm MUI22 (-0.76) hm MmjMKO7) ilnranrnnß U 21L30 (+0.30) P| MAMET MOODs STOCK HABKETIHHCES Ttaraday Change KLSEOOMP M&24 NIKKEI 14,479.41 +116.00 HANG8ENO MHJ7 MM SET INDEX mi7_ 4M JAKARTA OOMP _JM7JM AM MANILA COUP —1JMKJ1 +11.80 TAIPEI WP! U7US SEOUL OOMP 4*14 +*71 CL8A CHINA B60 words
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Article77 1999-02-26 1 NBB IAS US$ St USS UK £(US$/SSper£)— MM 2.7* EURO{USI/S$ per E) 1.1M IJN DM 1.771 8J74 YEN ltU—1.412 KM MW HO 7.748 183 BAXT 1711 IW RUPIAH 8,789—MM* •SS to 100 units PUKE BATES SINGAPORE* _M» KUALA LUMPUR Hi* JAKARTA AH BANGKOK 14.71 MANILA 8J» HONGKONG 1036 TfUPH77 words
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Article, Illustration417 1999-02-26 1 Lilian Ang - Buyer, believed to be Indonesian, to pay average of $1,060 pgfc sources By- Lilian Ang [SINGAPORE] Listed Hotel Properties Limited (HPL) looks set to sell one block of its proposed Cuscaden Road condominium project to a foreign party for about $125SIEW YAW HOONG - 417 words
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725 1999-02-26 1 Audrey Tan - Latest results show economy held np better in '98, with 1-5% growth By Audrey Tan [SINGAPORE] The Singapore economy has held up better than expected with growth of 1.5 per cent in 1988 and may turn around in the second725 words
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Article, Illustration545 1999-02-26 1 Christopher Tan - By\ Christopher Tan [SINGAPORE] Motor and property group Cycle Carriage Ltd (CCL) reported a net loss of $26.7 million for the year ended Dec 31,1998 its first spill of red ink since 1985 and a far cry from its 1997 profit ofSIEW YAW HOONG - 545 words
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234 1999-02-26 1 Catherine Ong - By\ Catherine Ong [SINGAPORE] In a surprise announcement yesterday, SembCorp Industries said it has appointed a second deputy chairman Peter Seah, president and chief executive of Overseas Union Bank. Mr Seah, a long-time SembCorp director, remained on the board after it merged with Singapore234 words
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Advertisement156 1999-02-26 1 UHUDM ECb fight feck With private properties more affordable in the soft market, executive condo developers have no choice but to relaunch their remaining units at as low as undo* $300 pet BMIO Worst in 15 jmn Demand at Wednesday's US two-year note auction was the worst in 16 years,156 words
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Advertisement32 1999-02-26 1 Economy dipped into recession in Ql9B, Pg 3 Editorial; Budgeting beyond the recovery, Pg 13 How sectors fared, Pg 2 Worst Is mr tar wwM ecoaomy, says MFcMtf Full report. Pg 632 words
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Advertisement72 1999-02-26 1 6774 m provisions swell MCL Land losses to SI 89m, Pg 15 CAC Rtntmng posts net loss of RMl.9m, Pg 16 wmv y^^^Hllm. I J ./!>■«■«■ ap"<;a^^Mr/|f Pasha 18 carat while gold. Removable grill pav£ diamonds. Automatic movement. g 8 z s i. I SINGAPORE: MILLENIA WALK GROUND FLOOR #0172 words
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ECONOMIC SURVEY '98
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Article, Illustration532 1999-02-26 2 Jennifer Lien - Electronics and chemicals could help sector do slightly better: EDB official By, Jennifer Lien THE Economic Development Board is "hopeful" of a turnaround in the manufacturing sector, a senior official said yesterday. An expected electronics recovery, coupled with new capacity in theSource:; FILE PHOTO - 532 words
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334 1999-02-26 2 Anna Teo - Bat growth in all 3 income components slows «harjfly-. By< Anna Teo BOTH corporations' and employees' share of the economic pie grew slightly last year at the expense of the government a new table in the 1998 economic survey report shows. A334 words
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Article, Illustration16 1999-02-26 2 adjusted for effect of including POSBank data, following DBS' acquisition of POSBank Source: MTISource: MTI - 16 words
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324 1999-02-26 2 SEA transport could remain weak, and international direct dialling phone calls are "expected to slow down slightly" this year, trade and industry ministry deputy secretary Finian Tan said. Speaking at the annual economic survey briefing, Dr Tan gave "qualitative" comments on the transport and324 words
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209 1999-02-26 2 CONSTRUCTION demand is expected to fall this year due to excess supply in the property market and slower economic growth in the next year or two, says the Economic Survey. "The extent of the drop in construction demand will depend on the strength of209 words
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484 1999-02-26 2 Anna Teo - 1999 retrenchments may be lower than 1098's record 28^00 By. Anna Teo THE unemployment rate eased to 4.3 per cent last December in seasonally-adjust-ed terms, from 4.5 per cent in September. For the full year, the average jobless rate was 3.2484 words
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565 1999-02-26 2 Clarissa Tan - Institutions make drastic cutbacks in offshore lending By< Clarissa Tan DRAGGED down by a slowing economy, the financial services sector contracted by 0.5 per cent in 1998, compared to a 15 per cent expansion the year before. Currency weakness and a loss of565 words
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Article, Illustration384 1999-02-26 2 Audrey Tan - By. Audrey Tan RISING unemployment and poor consumer confidence hit private consumption expenditure in 1998, as Singaporeans spent less on almost all kinds of goods and services. Figures from the Department of Statistics (DOS) show that consumer spending rose just 1.3FILE PHOTO - 384 words
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367 1999-02-26 2 CONSUMER prices are expected to continue to ease somewhat this year, but Singapore is unlikely to run into a deflationary spiral, says the Ministry of Trade and Industry. The consumer price index (CPI) dipped by 0.3 per cent last year the first decline367 words
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IN Brief
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Article39 1999-02-26 3 MULTINATIONAL companies in Singapore contribute about 80 per cent to Singapore's exports, a Trade and Industry Ministry official said yesterday. He was answering a question on multinationals' share of contribution to Singapore's economy.39 words
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84 1999-02-26 3 SINGAPORE'S external economy grew marginally last year, as gross national product (GNP) roae a slight 0.2 per cent in nominal terms. Overseas operations amounted to 14 per cent of Singapore's economy in 1998, unchanged from a year ago. Latest data on private overseas investment, however,84 words
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81 1999-02-26 3 SINGAPORE'S balance of payment surplus shrank to $8 billion last year, from $11.9 billion a year ago. But the current account surplus rose to $29.5 billion, due toe $24.6 billion goods account surplus as both industrial and consumer imports shrank. The services balance registered a81 words
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Article30 1999-02-26 3 SINGAPORE'S official foreign reserves rose by $6 billion, t***** billion at the end cf last year. This implies an import cover of a.B months.30 words
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77 1999-02-26 3 GROSS fixed capital formation by the private sector fell 6.8 per cent last year, to $37.8 billion. Investment in transport equipment fell hardest by 11.6 per cent, while spending on machinery and equipment dropped 10JI per cent. Construction and works investment slipped 1.l per cent77 words
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749 1999-02-26 3 Bat on the same qoarter-on-qn&rter basis tlie economy conld be bottoming out, says ANNA TEO AS far as the headline numbers go, the latest economic survey sprang no major surprises. It had been widely expected that 1998 full-year growth would be higher than749 words
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Advertisement55 1999-02-26 3 THE WORLD'S LEADING v OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS 0 Incorporation feos from t/SSSOO s m BAHAMAS JERSEY mP i BRITISH VIRGIN a MAURITIUS ISLANDS CAYMAN ■St YCHELLES ISLANDS SAMOA Wr IRELAND I Visit OCRA s definitivt Offshore Companies Wob Site .it www otr.i com I Mondays The Week55 words
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Advertisement17 1999-02-26 3 H i J NW\\\\ v. i i J? U I W I I I I V CHANEL17 words
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SINGAPORE AT HOME & ABROAD
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542 1999-02-26 4 Annette Pan - Staff numbers to rise 20% to 5,800 by year-end; it plans to go into server drives By, Annette Pan DISK drive maker Maxtor Corp is expanding its presence here with a second manufacturing plant, which will increase its headcount by 20 per542 words
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243 1999-02-26 4 SINGAPORE advertising expenditure fell for the first time since the 1965 recession, down 7 per cent last year. Expenditure fell to $1.19 billion from $1.28 billion in 1997 as die regional economic crisis hit home, latest figures from media research firm ACNielsen243 words
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331 1999-02-26 4 Marissa Chew - CIDB, architects in study to promote IwrifiUMe Hftgjgna By. Marissa Chew THE Construction Industry Development Board and the Singapore Institute of Architects are studying the use of prefabricated components for private residential building projects, which are still slow in adopting buildable331 words
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223 1999-02-26 4 Marissa Chew - By] Marissa Chew OPERATING surplus for the hotels and catering trade rose by less than 1 per cent to $945 million in 1997 but, with more sharing the pie, each establishment in the trade saw its profit shrink. Operating surplus or profit per establishment223 words
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Article, Illustration281 1999-02-26 4 CITY Developments and Hong Leo rig Holdings' Guilin View will be relaunched this weekend at $455 per square foot, 25 pa* cent off its launch price in early 1997. Guilin View at Bukit Batok has 360 units in the 655unit development still281 words
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178 1999-02-26 4 THREE properties out of seven put up for auction yesterday by Knight Frank found buyers. Fetching the highest sale price at $1.15 million was a 4,480 sq ft, two-storey semi-de-tached house at Jalan Tambur, off Upper Thomson Road. This translates into a price178 words
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Advertisement177 1999-02-26 4 > Congratulations TO UThAtt-H i Tanglin Trust School WHE W fl PR A TUC ArPAriAU AC Tur AOCkHMr DECON BUILDERS PTE LTD occasion of the official opening of The New Senior school building swimming pool complex by N CONTRACTOR The b R T(SH high Commissioner, H.E, Mr Alan Hunt CMG177 words
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Advertisement568 1999-02-26 5 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 n entire idea: Adios. Ciao. Arrivederci. Citibank Cathay Pacific Visa gives you 24,000 Asia Miles y1 ja Sayonara to the same568 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration601 1999-02-26 6 IMF medicine working Korea to see 2% growth this year, he says Reuters Bloomberg [WASHINGTON] The worst of the world economic crisis now seems to be over and the South Korean economy will grow a steeper-than-expected 2 per cent this year, theReuters; Bloomberg - 601 words
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400 1999-02-26 6 Industrial output np 14.7% in Jan bat analysts caution recovery still fragile AFP [SEOUL] South Korea, buoyed by a dramatic turnaround in industrial activity, declared yesterday that its crisis-hit economy had bottomed out in the fourth quarter of last year and begun to turnAFP - 400 words
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228 1999-02-26 6 Reuters [TOKYO] The Bank of Japan decided yesterday to keep pumping ample funds into money markets to push a key short-term market rate lower. The decision by the BOJ's policy board was as expected and perpetuated its decision on Feb 12 to cutReuters - 228 words
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Article, Illustration496 1999-02-26 6 Diana Oon Abdullah - KL BAH HUG SUMMIT PnnHing mimmtth put firms ander pressure in crisis, says central bank From] Diana Oon Abdullah w Kuala Lumpur MALAYSIA announced plans yesterday to develop its domestic bond market, to provide a source of long-term funding for corporations.FILE PHOTO - 496 words
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552 1999-02-26 6 Diana Oon Abdullah, Eddie Toh - From Diana Oon Abdullah, Eddie Toh in Kuala Lumpur MALAYSIA'S two agencies set up to tackle the country's banking woes are running ahead of schedule and should complete their work six months sooner than expected, central bank governor Ali Abul Hassan Sulaiman said yesterday.552 words
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321 1999-02-26 6 Eddie Toh - From] Eddie Toh m Kuala Lumpur MALAYSIA will press ahead with its plan to consolidate the country's 39 finance companies into eight big entities despite some early casualties, central bank governor Ali Abul Hassan Sulaiman said yesterday. "Although there have been announcements321 words
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621 1999-02-26 6 Anthony Rowley - On the •gftwriff Agian sovereign debt guarantees From. Anthony Rowley in Tokyo SINGAPORE will be the venue for a high-level meeting of regional and international financial officials in April to formulate "concrete" proposals for guaranteeing Asian sovereign debt,621 words
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Advertisement697 1999-02-26 7 THE BELGIUM DIAMOND FAIR Diamond solitaires cut and certified in Belgium: Certificates are from Belgium and issued by International Gemmological Institute, Antwerp, Belgium (IGI) Best Collection Designs Solid White Gold J m I tvra-wiwai I I I tnttmnr i «»rw»m«T rn» Tin «nimnr»nnn «wn m«nn» Of DIAMONDS ANO COLORED STONES697 words
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SOUTH-EAST ASIA
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Article, Illustration486 1999-02-26 8 JAKARTA Fresh violence breaks out, death toll at 18 over 3 days AFP THOUSANDS of people have sought refuge in churches and mosques in the riot-torn eastern Indonesian city of Ambon, fleeing MuslimChristian violence that has left at least 18 people dead since clashes eruptedAFP; REUTERS - 486 words
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Article, Illustration525 1999-02-26 8 AMWAR'S TRIAL Ivories consistent with assault; extent was very severe AFP [KUALA LUMPUR] A Malaysian government forensic report found that injuries sustained during the police beating of ousted deputy premier Anwar Ibrahim were in "potentially lethal" places, an inquiry heard yesterday.AFP - 525 words
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488 1999-02-26 8 Yang Razali Kassim - Yangon participation necessary as it is a bloc-to-bloc meeting By Yang Razali Kassim [SINGAPORE] The fate of Asean's ties with the European Union, now in limbo, will hinge on a last-minute bid by Asean to resolve wrangling over Myanmar's place in next488 words
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251 1999-02-26 8 KUALA LUMPUR Reuters AFP THE wife of ousted Malaysian finance minister Anwar Ibrahim, buoyed by thousands of supporters, said yesterday she might challenge Prime Minister Mahathir Mohamad in his own constituency in the next election. In her boldest political move sinceReuters; AFP - 251 words
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NOTE Book
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108 1999-02-26 8 Reuters [SINGAPORE] Malaysia's national oil company Petroliam Nasional Bhd (Petronas) is to give up its majority stake in Vietnam's Dai Hung crude oil field as it does not consider it commercially viable, an industry source said yesterday. The source said Petronas was expectedReuters - 108 words
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Article45 1999-02-26 8 AFP [JAKARTA] Indonesia's government has ordered file state-run telephone monopoly PT Telkom to review a stiff 24 per cent tariff hike on domestic calls in the ffeoeof a public outcry, a report by Antara news agency said yesterday. —AFPAFP - 45 words
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53 1999-02-26 8 AFP [JAKARTA] Nine Indonesian private banks would absorb some 10,000 people out of about 28,000 who risk losing their jobs when the government shuts down institutions. The healthy banks would buy6oobranch offices from the banks that are being liquidated, the Bisnis Indonesia dailyAFP - 53 words
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Page 8 Advertisements
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Advertisement1471 1999-02-26 8 THE BANK OF TOKYO-MITSUBISHI, LTD. And Subsidiaries Hmkl Offficc 7-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8388. Japan. Singapore 9 Raffles Race, #01-01, Republic Ptaza, Singapore *****9. On April 1,1996 The Bank of Tokyo Ltd (BOT) merged with and into The Mitsubishi Bank Ltd (MBL) which changed its name to The Bank1,471 words
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Advertisement126 1999-02-26 9 It's about yOU getting the best. It s about y OU 'Always. We're once again been voted Asia-Pacific's best and most competitive telecommunications bub Among I countries in pricing related to IDD, leased circuits, frame relay and ISDN, we offered the best value for money. We also continued to score126 words
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CHDTA-HONGKONG-TAIWAN
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254 1999-02-26 10 HONGKONG Reuters HONGKONG may target consumers in its war against pirated goods, proposing in a consultation paper fines on people caught buying or possessing them. If enacted, the proposal would mark the first time that buyers of fake designer handbags, copyright-infring-ing compactReuters - 254 words
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459 1999-02-26 10 HONGKONG It says HK must stop relying on property and broaden revenue base; sees economy shrinking 3% in '99 AFP HONGKONG is losing out to economic rival Singapore partly due to a lack of leadership vision from the government, aAFP - 459 words
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Article, Illustration342 1999-02-26 10 BEIJING US fears technology would be nsed by the Chinese military AFP CHINA yesterday angrily protested against the US veto of the sale of a high-tech satellite to a Chinese-led consortium, warning the move would worsen their strained relations.AFP; REUTERS - 342 words
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SINO Briefs
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90 1999-02-26 10 AFX-Asia [HONGKONG] The Hongkong SAR government is considering the feasibility of selling the Tamar site to reduce the budget deficit, the Oriental Daily News reported. It quoted an unnamed government source as saying some officials suggest it should reconsider the more than HK$BAFX-Asia - 90 words
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62 1999-02-26 10 Reuters [BEIJING] The state-owned China Construction Bank has borrowed US$l5O million (Ss2sB million) from overseas in two deals so far this year, the People's Daily reported yesterday. It did not give details of the loans or identify the foreign creditors. It said the bank borrowedReuters - 62 words
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70 1999-02-26 10 Bridge News [BEIJING] Chinese foreign ministry spokeswoman Zhang Qiyue said yesterday that it would pose an obstacle to Sino-US ties if Taiwan were included in the theatre missile defence (TMD) system planned by the US and Japan. She added that inclusion of Taiwan underBridge News - 70 words
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234 1999-02-26 10 BEIJING Report says it's hard to recover bank debts, unpaid taxes AFP CHINA has ordered a halt to the "random selling" of small and medium-sized stateowned enterprises, the official media said yesterday. A recently issued intergovernmental circular said "haphazard selling hasAFP - 234 words
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Advertisement46 1999-02-26 10 I ahead ffiSjlißS I it. ?£C* Not the the Hjf 4 V; J synonymous For over the f Review has advance J «F events |V due to due better I J than any other newsweekly. you to be these away the J 1 to the I46 words
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ASIA
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Article, Illustration627 1999-02-26 11 Rajendra Bajpai - Indian economy few jump-start choices Govt needs to raise revenue; increasing taxes not an option From Rajendra Bajpai in New Delhi INDIAN Finance Minister Yashwant Sinha will present his second Budget for the right-wing Bharatiya Janata Party (BJP>led coalition government tomorrow but most analysts believe his options of kick-starting aAFP - 627 words
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581 1999-02-26 11 Yogi Aggarwal - Both sides take steps to move towards nuclear detente hYtrrn Yogi Aggarwal ■inlknnbay WHEN the idea of a bus service between Delhi and Lahore was first mooted a few months ago, no one had an inkling that it would prove to be581 words
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ASIA Briefs
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65 1999-02-26 11 Reuters [BOMBAY] Nearly one million Indian bank employees stayed away from work yesterday on the first day of a two-day strike to press for higher wages, disrupting operations in banks and financial markets. The strike was called by nine bank unions after talks withReuters - 65 words
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Article80 1999-02-26 11 AFP [DHAKA] Bangladesh Prime Minister Sheikh Hasina Waled refused to approve a one-year job extension for her nuclear scientist husband, the Sangbad newspaper reported yesterday. WaJed AliMiah, who was the chief of the Bangladesh Atomic Energy Commission, applied for the extension after reaching theAFP - 80 words
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78 1999-02-26 11 AFP {TAEJON, South Korea] Convicted spy Woo Yong Gak, thought to be the world's longest serving political prisoner, walked free after 41 years in jail yesterday, saying he wanted to return to North Korea. Woo, 71, who has been in solitary confinement sinceAFP - 78 words
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Advertisement347 1999-02-26 11 7iiZ riK Pardisan's Carpet Auction SI NDW.'JSI I Ilk I \m I II l)()Klt\l I kOOM, (.<>«>■>\\ > I > l'\KK IK >1 I I I I I \< IO \.M II W Al CTK )N: 12 I'M SI l ARP I .i! oil 1 < ,n .in! 1.i.1.l n_347 words
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THE WORLD
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498 1999-02-26 12 NEW YORK Investors waxy as Fed chairman's comments seen as hint of rate rise to come Bloomberg DEMAND at Wednesday's US two-year note auction was the worst in 16 years, and the Treasury has Alan Greenspan to thank for it.Bloomberg - 498 words
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315 1999-02-26 12 WASHINGTON Shareholders wasting money on king-sized salaries, golden parachutes Reuters FEDERAL Reserve chairman Alan Greenspan lately has skirted questions about "irrational exuberance" in the stock market, but he does seem to think shareholders may have lost their senses when it comes to compensatingReuters - 315 words
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422 1999-02-26 12 WASHINGTON Figures suggest manufacturing on the mend; analysts had seen a 0.2% dip Bloomberg Reuters US factory orders for big-tick-et goods unexpectedly rose in January, posting the biggest gain in more than a year. Demand for aircraft, cars and electronicsBloomberg; Reuters - 422 words
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426 1999-02-26 12 THE MICROSOFT CASE though his firm wanted Apple to drop part of its multimedia software Reuters A MICROSOFT manager acknowledged at the company's antitrust trial on Wednesday that he tried to get Apple to adopt Microsoft's multimedia technology, but he denied sabotaging Apple in anReuters - 426 words
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295 1999-02-26 12 LONDON Manufacturing to remain in recession for months, it says AFP THE Confederation of British Industry (CBI) employers group yesterday reduced its forecast for British economic growth in 1999 to 0.5 per cent from a previous estimate of 0.7 per cent. TheAFP - 295 words
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Article, Illustration571 1999-02-26 12 WASHINGTON She's sorry for controversy caused by her Clinton affair AFP MONICA Lewinsky, in an upcoming TV interview, apologises for the year-long controversy triggered by her affair with the president and is afraid to give her opinion of Kenneth Starr, The Washington PostAFP; REUTERS - 571 words
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376 1999-02-26 12 WASHINGTON Bridge News EXPRESSING relief that she is finally telling her story, a sometimes tearful Juanita Broaddrick appeared on national television describing an alleged sexual assault by Bill Clinton 21 years ago. "I was a little bit uneasy, but I feltBridge News - 376 words
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Article, Illustration477 1999-02-26 12 PARIS Farm funding talks deadlocked while France questions UK right to EU rebate Reuters BRITAIN may find itself fighting from a corner, like France, when EU leaders take stock of a row over the European Union's US$lOO billion (SJI73 billion) budget today. FranceReuters; AFP - 477 words
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EDITORIAL & OPINION
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Article, Illustration848 1999-02-26 13 Harish Mehta - THE BOTTOMLXNE OPINION By Harish Mehta The writer is BT's Bangkok correspondent AFTER years of accusing the Asians of copyright piracy, the Americans seem to be doing precisely the same thing with Asia's genetic resources. Farmers in Thailand and India are outraged at848 words
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Article97 1999-02-26 13 'I think it is the duty of an intellectual to interrogate power. I see myself as a committed intellectual.' Dr Chandra Mnzaffar a Malaysian social thinker, after his contract with the University of Malaya was not renewed. 'I have never, ever done anything, not even baby-sitting, that97 words
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Article644 1999-02-26 13 EDITORIAL WITH year-on-year growth of Singapore's economy having slipped below the waterline in the final two quarters of 1998, two related questions arise: When will a recovery come? And what kind of a Budget should the government announce today? If fortune is kind, a recovery from644 words
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Article, Illustration1042 1999-02-26 13 Sandra Sugawara - Once-protected workers enter a scary new world of faster advancements and abrupt firings By\ Sandra Sugawara The Washington Post THE ominous warnings are everywhere in Japanese magazines, best-selling books and popular television shows: The American boss is coming and your life willThe Washington Post; FILE PHOTO - 1,042 words
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Article, Illustration1051 1999-02-26 13 Indonesia risks breaking op NOBODY who has observed the series of outbreaks of sectarian violence that has erupted in several of Indonesia's regions since the downfall of the authoritarian regime of former president Suharto in May last year can escape the impression that something must be1,051 words
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Advertisement46 1999-02-26 14 ToWPUi EillllH more! I in town I witch to I Pacific Internet j j^/ ure res^on^'tiny you n\rr v u\ouin^ r h/cJuEj/e PmiJ^ije [fMii^H2ttHS!ffl3fiSl!^^S^SEffi^^^iSEl^^Haßß r 1 r i i r j u jr yo li cire /juh iiJresiuy y/jiirj lie,, v/r j sit you vji\Yl\!\i] ror<?46 words
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COMPANIES & MARKETS
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Article, Illustration494 1999-02-26 15 David Boey - Losses larger than expected, bat company says it's ynflintAining strong cashflow By] David Boey [SINGAPORE] MCL Land, the property arm of listed Cycle Carriage, said yesterday that it racked up losses of $188.5 million for the year ended Dec 31, 1998SIEW YAW HOONG - 494 words
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608 1999-02-26 15 Loh Hui Yin - HOCK LOCK SIEW Loh Hui Yin THE year has so far not been too good to mainland companies tapping the Hongkong stock market for funds. First it was Heilongjiang Agriculture that called off its Hongkong initial public offering608 words
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414 1999-02-26 15 Siow Li Sen - Group expected to make big provisions in its 1998 results By\ Siow Li Sen [SINGAPORE] The spotlight has fallen again on OCBC Bank's Malaysian asset quality and the bet is that the group will take as much charges as it can in its414 words
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Article, Illustration684 1999-02-26 15 RACE FOR NASDAQ LISTING SR Singapore, Asia Manufacturing Online want listing [SINGAPORE] More Internetlinked Singapore firms are heading for Nasdaq following the flying start made on the US electronics exchange by Pacific Internet a few weeks ago and the scheduled debut of MyWeb yesterday.684 words
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COMPANIES
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591 1999-02-26 16 Ruth Wong - It makes RMl.27b loan loss provisions; analysts caught off-guard by results From Ruth Wong in Kuala Lumpur MALAYAN Banking has given the market a pleasant surprise, posting interim group net earnings of 277.4 million Malaysian ringgit (Ssl26 million) despite making huge loan loss provisions591 words
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401 1999-02-26 16 Wong Wei Kong - By' Wong Wei Kong [SINGAPORE] Maybank announced yesterday that it is merging its wholly-owned Singapore finance arm, Mayban Finance (Singapore), with the Singapore operations of the bank. All the assets, liabilities and businesses of Mayban Finance in Singapore will be acquired by Maybank's401 words
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Article530 1999-02-26 16 Wong Wei Kong - 10m call warrants, 10m put warrants on S'pore stocks; 15m call warrants on banks coming today By' Wong Wei Kong [SINGAPORE] Merrill Lynch yesterday simultaneously launched 10 million call warrants and 10 million put warrants on a basket of Singapore conglomerate stocks, or what market530 words
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231 1999-02-26 16 [SINGAPORE] Investors who applied for 100,000 to 499,000 Chosen Holdings shares will receive the largest slice of the pie a quarter of the initial public offering. Small investors who wanted 1,000 to 9,000 shares usually the ones with the biggest share of an231 words
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407 1999-02-26 16 Siow Li Sen - By\ Siow Li Sen [SINGAPORE] Standard Chartered Bank's Singapore profits last year were hardly dented despite a 12-fold jump in provisions for bad debts, reflecting the bank's strong franchise in consumer banking. This is likely to put further pressure on local407 words
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368 1999-02-26 16 Al Labita - Sharp fell in earnings at flagship Ayala Land From Al Labita in Manila LISTED Ayala Corp, the Philippines' oldest conglomerate, defied market expectations by sustaining net profit growth last year even as the economic downturn weighed down on its property ventures. Net profit rose368 words
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330 1999-02-26 16 Eddie Toh - Sales of its Mercedes-Benz cars nosedived 70% From] Eddie Toh in Kuala Lumpur CYCLE Carriage Bintang, a 49 per cent Malaysian-listed associate of Singapore's Cycle Carriage Ltd, has posted a group net loss for the year ended Dec 31, 1998 due to a330 words
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222 1999-02-26 16 [SINGAPORE] Auric Pacific has completed a multi-mil-lion dollar deal to buy the entire issued share capital of EAC Consumer Products (S) Pte Ltd (EACC), the Singapore unit of The East Asiatic Company. It said in a statement to the stock exchange yesterday that222 words
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REGIONAL/INTERNATIONAL COMPANIES
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479 1999-02-26 17 Rise in Airbus market share also contributes to 5.2b euro income in its first full-year result Bloomberg [STUTTGART] DaimlerChrysler, Europe's largest industrial company, said 1998 profit rose 29 per cent as sales of Mercedes-Benz and Chrysler passenger cars and Airbus planesBloomberg - 479 words
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487 1999-02-26 17 NT broker soars 5-fold despite having qnit online trading Reuters [NEW YORK] Investors scrambling to buy into hot Internet brokerage firms sometimes get carried away as recent trading in the stock of a tiny New York broker and money manager shows. SharesReuters - 487 words
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COMPANY Briefs
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Article33 1999-02-26 17 [SINGAPORE] Bonvests Holdings yesterday said that its subsidiary, Colex (Singapore), has received in-principle approval for a listing on Sesdaq. Colex is the waste management unit of Bonvests.33 words
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Article65 1999-02-26 17 [SINGAPORE] Paper merchant Hiap Moh Corp plunged into the red last year with net losses of $3.3 million, compared with a $1.2 million net profit in 1997. This was mainly due to an Australian property project which incurred losses of almost $3 million. Turnover fell65 words
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Article56 1999-02-26 17 [SINGAPORE] Presscrete Holdings' full-year net profit fell 76 per cent to $302,000 even though sales rose 13 per cent to $21.6 million. This was mainly due to provisions of doubtful debts for its Malaysian subsidiary. For the year ended November, the company declared a first and56 words
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122 1999-02-26 17 [SINGAPORE] Inter-Roller Engineering's net profit inched up 1.9 per cent to $802,000 last year. Turnover rose 13 per cent to $30.3 million while earnings per share dipped to 1.l cents from 1.2 cents on a fully diluted basis. Dividends remained unchanged at 6 per cent.122 words
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Article, Illustration411 1999-02-26 17 Reuters [NEW YORK] Even as the New York Stock Exchange contemplates trading round the clock, its biggest US rival, the Nasdaq, says it also is considering later trading. "We have been discussing the idea of extending our trading hours with market participants and ourReuters; FILE PHOTO - 411 words
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332 1999-02-26 17 It plans to slash costs; sell off foreign, engineering units Reuters [MILAN] Telecom Italia's board was expected to examine aggressive restructuring changes yesterday in a frantic effort to fend off Olivetti's tighter, revamped US$5B billion (*****.2 billion) hostile takeover bid. FrancoReuters - 332 words
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300 1999-02-26 17 Reuters [TOKYO] Sakura Bank Ltd, a leading Japanese financial institution, said yesterday it would take larger-than-expec-ted charges to clean up its problem loans this business year while boosting efforts to streamline operations. Sakura said it would incur loan-loss charges of 990Reuters - 300 words
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205 1999-02-26 17 Bloomberg [BONN] Deutsche Telekom AG, Europe's No 1 phone company, plans to spend more than 20 billion Deutsche marks (5519.5 billion) on acquisitions to strengthen its global position, Germany's Capital magazine reported in an advance release of its latest issue. Deutsche Telekom declined to commentBloomberg - 205 words
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251 1999-02-26 17 Bloomberg [WASHINGTON] A test version of a faster, less-congested Internet went online on Wednesday, helped by US$5OO million (*****.5 million) in equipment and services from Cisco Systems Inc, Qwest Communications International Inc and other networking companies. Internet 2, the project to develop the nextBloomberg - 251 words
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FINANCE & COMMODITIES
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323 1999-02-26 18 That pots firm back on IPO track for end-Jane offer Bloomberg [NEW YORK] Goldman Sachs Group earned more than US$l billion (Ssl.7 billion) in its fiscal first quarter, rebounding from its worst three months since 1994, people familiar with the firm said.Bloomberg - 323 words
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278 1999-02-26 18 FT Bloomberg [FRANKFURT] Europe's largest insurer, Allianz, on Wednesday threatened to move key business operations out of Germany if the Social Democrat-led government presses ahead with tax reforms targeting insurance companies. Helmut Perlet, Allianz's chairman, described the government's plans as "unjust and overdone" and warnedFT; Bloomberg - 278 words
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347 1999-02-26 18 It is said to have plans to write off losses from overseas Reuters [TOKYO] The Long-Term Credit Bank of Japan (LTCB) yesterday refused to comment on market rumours it had been buying billions of dollars against yen in order to writeReuters - 347 words
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SMALL Change
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Article92 1999-02-26 18 Bloomberg [AMSTERDAM] ABN Amro Holdings said second-half 1998 profit fell 12 per cent dragged down less than expected by trading and loan losses in Russia. Its second-half profit fell to 719 million euros (SSI.4 billion), or 0.47 euro a share, from 820 million euros,Bloomberg - 92 words
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Article58 1999-02-26 18 AFP [PARIBAS] French financial group Paribas' net profit for 1998 was unchanged from the previous year at 1,002 million euros (SSI.9 billion). Its earnings per share fell to 6.5 euros from 7.2 euros due to the effects of the crises in emerging markets, for which itAFP - 58 words
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148 1999-02-26 19 Andrea Galvan, Jardine Fleming - rum Reports MS& Singapore Index Andrea Galvan, Jardine Fleming THE MSCI Singapore Index Futures yesterday saw much lighter volumes with many market players merely content to sit on the sidelines and await the release of the Budget today. The afternoon saw a continuation of148 words
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Article209 1999-02-26 19 Cecilia Woo - H9C9 Taiwan ftitures Cecilia Woo THE Simex MSCI Taiwan Stock Index futures contract faUed to sustain its steady rally yesterday morning, faUing 1.3 points on the last trading day in the February '99 contract and 1.2 in the March '99 contract. The downward movement was because209 words
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322 1999-02-26 19 ENERGY REPORT Reuters [LONDON] Oil prices dipped lower yesterday as markets mulled news of slowing refinery operations in Asia and refining disruptions in the US, traders said. International benchmark Brent traded three cents lower on the London futures marketReuters - 322 words
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Article332 1999-02-26 19 Reuters liAIUfOll THE US dollar was struggling against the yen and euro at mid-day yesterday as a meeting of Asia-Pacific finance officials offered little solace to a currency running out of steam. The dollar has lost about 2 per cent from a 2Vi month high of 122.50 yenReuters - 332 words
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Article, Illustration1217 1999-02-26 19 DffERBAMg CROSS RATES Feb25 »■> t*» Fir P» w> r«. Won m h*> g nm sir wts w$ SSf iflJ «2 SS MS 4 fM£ ®H2 7691 2JW l 32.239 24.541 1086 3J92 0.907 20.789 23.570 0592 0.628 J;®" 1541 "J 1W0 1184 5.1T2 28.407 58.610 0.805 8.169 2.537 1.2591,217 words
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Article1767 1999-02-26 19 SICOM FUTURES Feb 25 RUBBER (futurti ctojmq «t SJOpa) RSS1 CONTRACTS cwta/ty) Close VotWM OpM Month Hlqh Low Sett (tonnes) Interest •tor 99 m.50 300 Apr 99 H3.25 112.75 112.50 300 700 my 99 115.25 1M.75 114.50 300 925 Jun 99 116.50 300 Jul/S*p 99 120.00 825 Oct/Oec 99 123.501,767 words
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Article2236 1999-02-26 20 LONDON Industrials FM 2$ '»ci 31 Group 641.000 unci* AB Ports 272.000 unch AOOay National 1267.000 -8.000 Allied Domecq 478.400 6.400 Allied Zurich 928.000 -27.000 Amec 183.400 I.OOO Asda Group 152.000 3.600 BAT Ind 563.000 -5.400 BG Pk 366.000 7.600 BtCC 84.000 1.000 BOC Group *****0 15.6002,236 words
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Article1603 1999-02-26 20 Bloomberg QNikkei 225 ♦USIOO JAPAN'S benchmark stock index rose for the third time in four sessions, led by Nissan Motor following a media report it will soon agree to form a capital alliance with DaimlerChrysler AG. "Alliances and restructuring are going to make all the difference in a lotBloomberg - 1,603 words
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Article, Illustration1263 1999-02-26 20 AFP QHamSeng jlj|S HONGKONG share prices dropped 0.2 per cent yesterday on profit-taking following a sharp overnight fall on Wall Street, dealers said. "I think it is quite a reasonable correction, following recent strong gains, with the expiration of the futures," said Ben Kwong, research head of Dharmala Securities.AFP - 1,263 words
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Article337 1999-02-26 20 AFP HwPlnto *3MI TAIWAN share prices closed 0.6 per cent higher yesterday as late profit-taking eroded early gains, analysts said. The Weighted Price Index rose 36.66 points to 6,275.53, compared to a 0.9 per cent rise in the previous session. "The market soared in early trading as investors wereAFP - 337 words
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KUALA LUMPUR STOCK MARKET
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Article7784 1999-02-26 21 INDUSTRIALS Consumer proAKti Day Net Cap L# Cinfan, j,,. Low P/l SmH 3, 28 Aimomoto 280 -10 1 280 280 15.4 113.5 83 An TQ -2 2 72 70 mi 7 263 240 Apollo Food Htq 240 04 96 0 ?9f L,nd >63 5 64 163 155 3J 113o!o 587,784 words
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Article, Illustration378 1999-02-26 21 AFP AFX Asia n Composite Index -3*89 MALAYSIAN share prices closed down 0.7 per cent yesterday but off their lows as institutional buying in the last hour of trade offset earlier sharp losses, dealers said. The KLSE Composite Index fell 3.89 points toAFP; AFX Asia - 378 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1819 1999-02-26 22 52-Wk LMt VM 0ay u,, o^rt, low MM tmmm C000) HI,!, Law p^J w 3 3160 "Acar ******1USS —11 105 12 35 4.5 3164 Acma ******4 —15.5 *0.5 71 15.5 ,5 15 5 6 )5 3161 AJITach ******7 -28.5 39 18.5 3 3052 »AFP ******2 USS *0-5 40 8 7.51,819 words
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186 1999-02-26 22 Ven Sreenivasan - WARRANT WATCH By Ven Sreenivasan THE recent announcement by Wee Poh Holdings that its three controlling shareholders' had agreed to sell their 41 per cent stake in the company sparked a surge on the counter. The development also prompted several takeover rumours about other186 words
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Article201 1999-02-26 22 6r Of U-«k last vol Day Last Ouota Oty Mv VM MM M C«s Mt» Law Stno Company Ml COOP) Ht» Law Bwyar S—«f Cw W tml 5123 CDC (2000) HK 400 180 8 2.4 2 20 5 7744.7 5124 Catfiay Pac 20c HK—720 265 2.1 7,4 6201 words
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Article255 1999-02-26 22 AFP C 3 Wellington -15.87 NEW Zealand shares yesterday ended down 0.7 per cent as buyers stood back after Wall Street fell sharply. The NZSE-40 Capital Index closed down 15.87 points at 2,190.35 on turnover worth NZ5109.5 million. Falls outnumbered rises by 67 to 30 among the 143 countersAFP - 255 words
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Article, Illustration743 1999-02-26 22 AFP P SET Index -150 THAI share prices closed one per cent lower in thin trade yesterday with selected stocks down sharply and sentiment dulled by lacklustre regional markets, dealers said. Analysts said the overall market was affected by falls in two or three large-cap stocks as well asAFP - 743 words
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Article401 1999-02-26 22 AFP f% Composite Into +0.72 SOUTH Korean shares inched up yesterday, with profit-taking holding the market in check amid labour concerns, dealers said. Samsung Securities dealer Maeng Young Jae said the market continued to test support at the 500-point level, with any upturn appearing difficult at the moment amidAFP - 401 words
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Article598 1999-02-26 22 AFP PAD Ordinaries -2>.70 SHARE prices closed down one per cent yesterday as Australian investors reacted to significant losses on Wall Street, brokers said. The All Ordinaries Index finished trade down 29.7 points to 2,904.8. The All Industrials Index was down 57 points to 5,247.5 while the All ResourcesAFP - 598 words
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Article, Illustration716 1999-02-26 22 AFP P Composite Index -4jl INDONESIAN shares closed one per cent lower yesterday amid profit-taking in select big caps with political concerns weighing on general market sentiment, dealers said. An institutional dealer at a Singapore brokerage said recent riots in Ambon had further worried foreign investors. "Many foreign investorsAFP - 716 words
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Article316 1999-02-26 22 AFP PfMfc *ILBO SHARE prices closed 0.6 per cent higher yesterday as bar-gain-hunters took advantage of low prices in early trading, analysts said. The Philippine Stock Exchange Composite Index rose 11.8 points to close at 1,945.91. Volume fell to 175 million shares worth 691 million pesos from 202 millionAFP - 316 words
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6439 1999-02-26 23 Transaction date: Fob 25 j Of Of Mm 92-Wk List Vol Day Last Ouota Otv Olv YM Net Cap A*f Mmi Lew S«W Clim W« COOP) H» L— ■wyr t—r Cw W >«iS Mm MULTHNOIISTIY 142 17.5 m« 1000 Acma 50c 70.5 unch 756,439 words
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Article1169 1999-02-26 23 Or Or M Wt 52-Wk Last VI Day Last Ooot. Wv D*v YM Mat Cat Avg WH> Law «m Ci—ny 81a COOOI H>fh Law Bwyar »a«ar CV E/I >i» PHca MANUFACTtlMN 231 30 a 2049 'ASAutolOc 89 5 -t 191 90 89 89 5 90.5 15 N 7 IT1,169 words
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STOCK EXCHANGE OF SINGAPORE
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Article390 1999-02-26 24 Stocks Volume Uraco HkkjslOc 10,597,000 Uraco Wt02 6,846,000 SingTel 15c 5,221,000 DBS Land 4,045,000 SembCorpI 25c 3,845,000 CK Tang Wt99 3,478,000 GES Intl Ltd 20c 3,332,000 HK Land USIOc 3,328,000 STEngglOc 3,166,000 Eastern Asia 2,848,000 Stocks SPH 31,889,244 0C8C Foreign 23,314,293 DBS Foreign 17,209,306 UOB Foreign 14,592,298 SingTel 15c 12,967,870390 words
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Article, Illustration597 1999-02-26 24 Ven Sreenivasan - STOCK MARKET COMMENTARY Bank shares weighed down by reports of HSBC Holdings' and Stanchart's bad loans in region By Ven Sreenivasan STOCKS on the Singapore bourse slid in quiet trading as the market digested the 1998 economic data and awaited today's 1999597 words
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ON THE GRAPEVINE
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Article50 1999-02-26 24 MALAYSIA'S Bank Negara adviser Nor Mohamed Yakcop has an unusual analogy to describe wisdom. At a banking seminar yesterday, he said pessimists will see red when approaching the traffic lights. Optimists will see green. "In real life, the truly wise people are colour blind," he quipped.50 words
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Article94 1999-02-26 24 WHAT is the best way to tell the difference between good and bad bankers? Ali Abul Hassan Sulaiman, governor of Malaysia's central bank, has a suggestion. "Good bankers," he said, "are like good tea, you can only appreciate them when they are in hot water."94 words
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Article140 1999-02-26 24 A RUMOUR was flying around the grand ballroom of the Ritz-Carlton Hotel on Wednesday night when fund managers, stockbrokers and others in the financial and media industries gathered for the annual fund managers' awards. The buzz was that stockbroking firm JM Sassoon was to announce today that it140 words
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Article100 1999-02-26 24 FINALLY some banking analysts are waking up to the fact that banks could have big provisions this year —or so it seems. Analysts interviewed by Bloomberg yesterday said banks here are likely to set aside "record amounts erf money to cover bad loans, particularly to Malaysian100 words
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Article76 1999-02-26 24 TED Turner, the media mogul with a mouth, has done it again. In a recent comment on the Jewish Ten Commandments, he said: "If you are only going to have 10 rules I don't know if adultery should be one of them." Being in America and76 words
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Article, Illustration63 1999-02-26 24 Wong Wei Kong - By Wong Wei Kong Uraco Holdings shares closed up $0,025 yesterday at $0,305 on a volume of 10.6 million shares, compared with its 10-day traded average of 980,000 shares. The daily and weekly RSI and stochastics indicate that the stock may be overbought and that short-term upside may63 words
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Page 15 Advertisements
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Advertisement46 1999-02-26 15 B V LG A R I The new leather m fl H V m mm m S M Two-handle hand bag in fine black calfskin with gold coated turn-lock. From S$ 1,000. Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 668946 words
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Page 16 Advertisements
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Advertisement73 1999-02-26 16 This announcement appears as a matter of record only VAN DER HORST LIMITED (Incorporated in the Republic of Singapore) The Sale by the Van Der Horst Group ("the Group") of the Group's Shares and Convertible Loan Rights in East Asia Power Resources Corporation Group ("the Sale"). The Circular to Shareholders73 words
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Page 17 Advertisements
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Advertisement11 1999-02-26 17 Sunday Classified at Clarke Quay [cataJ Every Sunday, 9»m spm to.11 words
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Advertisement286 1999-02-26 17 The New Millennium QQ Singapore Budget J J pm to pm Westin Hotels Sophia Room Today, Finance Minister Dr Richard Hu will present the 1999 Budget Statement Parliament. How will this Budget impact you and your business? What effect will it have on your plans in the future? In this286 words
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Page 18 Advertisements
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Advertisement2390 1999-02-26 18 (8) THE BANK OF EAST ASIA, LIMITED (Incorporated in Hong Kong in 1918) ANNOUNCEMENT OF 1998 FINAL RESULTS SUMMARY OF RESULTS FINAL DIVIDEND The Directors of The Bank of East Asia, Limited (the "Bank") announce that the audited results of the Group for the year At the Annual General Meeting2,390 words
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Advertisement8 1999-02-26 18 gODsAY nm+m I-20, (XK) I PI imm-. I8 words
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Page 20 Advertisements
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Advertisement35 1999-02-26 20 j s '< v I 3V.. V v: TheßusinbssTimes Rimivp^lT JjUulJN.i!iuul l m !~T WWO^ |gg|ggX MOIIQAyS ThkßusinessTimes ASIAN viEw Wednesdays By Yang Razali Kassim CHINA vßsFviGr Thursdays By Lu Ning Mondays By Vilcram Khanna THEBUSINE^TIMES35 words
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Page 21 Advertisements
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Advertisement22 1999-02-26 21 11l j Make The Straits Times j Classified your first pit stop when L shopping for your car or motorbike, j I22 words
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Page 22 Advertisements
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Advertisement10 1999-02-26 22 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes INOAPOBB10 words
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Page 23 Advertisements
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Advertisement10 1999-02-26 23 The full use OF TODAY s THE BEST PREPARATION [>,/■ TOMORROW10 words
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Advertisement7 1999-02-26 23 Imagination V zno/x 7 IMPORTANT Z/u//? KNOWLEDGE7 words
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Page 24 Advertisements
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Advertisement481 1999-02-26 24 To at j ver tj se ca toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TRANSMARCO TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the481 words
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Advertisement596 1999-02-26 24 YAMAZAKI CONSTRUCTION (S) PTE ITD NOTICE OF SPECIAL RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING Of THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OP THE COMPANIES ACT (CAP 50) AT 10 HOE CHIANG ROAD, *18-00 KEPPEL TOWERS SINGAPORE *****5 ON TOE 19TH596 words
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Advertisement297 1999-02-26 24 MARKET MOOD Q MIXED Market mood indicates likely trading sentiment today based on brokers polled at 5-Spm yesterday Overnight events may alter sentiments. Brokers polled. INC Barings. Phillip. Credit Lyonnais Securities. Daiwa. Fraser. GK Goh. Kay Hian. Morgan Grenfell. SG Warburg. Nomura, Merrill Lynch Take control of your investments. Call297 words
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Advertisement501 1999-02-26 24 FORM 69(3) NOTICE OF INTENDED DIVIDEND Name of Company Blue Dolphin Pte Ltd (In Liquidation) Address of Registered Office c/o The Liquidator's Office 20 Cecil Street #12-02 The Exchange Singapore *****5 Court In the High Court of Singapore Number of Matter Companies Winding Up No 687 of 1986 Last day501 words
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Advertisement45 1999-02-26 24 BUY it SELL/; FIND Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. CATS Buy It. ScS h. Find It. 1800-737-1166 Call Today For Results Tomorrow.45 words
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Advertisement82 1999-02-26 24 VJV* \\VKI lU and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony.82 words
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Advertisement14 1999-02-26 24 It advertise your J* simply lax: 741 UN •r Call 1011-free: 1800 741 188314 words
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EXECUTIVE Lifestyle
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Article, Illustration1854 1999-02-26 25 PARVATHI NAYAR - How practical or worthwhile is it in Singapore to process household waste into reusable material? putaibi ma yah reports COVER STORY PARVATHI NAYAR IT'S A HOT DAY, you drain your can of ice cold soda and, being civic-minded, slam-dunk theFILE PHOTO - 1,854 words
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ENTERTAINMENT
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STRAWS In The Wind
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Article44 1999-02-26 26 HOUSING agents may be anxious to make a sale, but some of them still aren't quite on top of things yet. In various classified ads, condo projects like the Habitat were advertised as "Havitat", and Aspen Heights was "Espen Heights".44 words
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Article35 1999-02-26 26 TALK about simplicity itself. Seen on a banner advertising the phone number of a banner specialist: "You call, we make, we put, you earn". If only business was that easy.35 words
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Article106 1999-02-26 26 TECHNOLOGY for Country Folk, as gleaned from the Internet. As they say, yee har... LOG ON: Makin' a wood stove hotter. LOG OFF: Don't add no more wood. MONITOR: Keepin' an eye on the wood stove. DOWNLOAD: Gettin' the farwood off the truk. MEGA HERTZ: When yer106 words
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Article, Illustration745 1999-02-26 26 Susan Tsang - CINEMA Terrence Malick's The Thin Red Line is the 'other' war movie in the running for this year's Oscars. And it's unlike any other war movie you've ever seen Hy\ Susan Tsang AN OLD Midwestern saying claims that there's only a thin red745 words
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Article, Illustration684 1999-02-26 26 Shahiron Sahari - CINEMA Little Voice is an entertaining, quirky little film that's bound to strike a few right chords By\ Shahiron Sahari LV IS a shy and obviously troubled girl living with her loud, self-centred widowed mother, Mari (Secrets And Lies' Brenda Blethyn), above a disused music shop in684 words
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Article, Illustration631 1999-02-26 26 Susan Tsang - CINEMA Celebrity, like so many other Woody Allen flicks, has lots of good lines bnt not much of a plot By I Susan Tsang WOODY Allen has become known as a filmmaker who comes up with sparkling lines and scenes, but who is631 words
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328 1999-02-26 26 Parwathi Nayar - MUSIC By. Parwathi Nayar THERE'S nothing quite as universal as the sound of the drumbeat. And nothing more esoteric sounding than the "Drummers from Burundi". It's okay to say Bur-what?, since not many have heard of this small sliver of country wedged between328 words
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EPICURE
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Article, Illustration780 1999-02-26 27 JAIME EE - The world's just a car ride away, judging by what can be found in the latest supermarkets in town, says jaimb ee JAIME EE IT'S BEGINNING to look a lot like other supermarkets. Notice how new supermarkets don't just sell food anymore? They sell lifestyles ofFILE PHOTO; CHRIS LOH - 780 words
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Article, Illustration618 1999-02-26 27 Tan Su Yen - RESTAURANT By Tan Su Yen THE DUCKS at the feet of the mannequin in Nonya dress hint at the restaurant's history. Specialist duck restaurant TTie Drake at Meritus Negara Hotel has made way for a Peranakan restaurant. But those who like theirCHRIS LOH - 618 words
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Article, Illustration178 1999-02-26 27 CRAVINGS EAT TO FILL your tummy and you won't be tempted to binge, say the slimming gurus. And one of the most effective and also rather pleasant tummy fillers available must be pasta. From Mar 1 to Apr 30, fill up on178 words
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Article163 1999-02-26 27 YOU RESOLVED at the New Year to make more fruit juices at home with your blender. But so far things haven't quite gone as planned. If you shop at Carrefour in Suntec City, take the opportunity to get your weekly quota of freshly-made juices, bottled in plastic163 words
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Article, Illustration119 1999-02-26 27 LEBANON'S Chateau Musar earned kudos from the wine community in the late 1970s for producing quality, age-worthy reds amid the chaos of Lebanon's Civil War. In fact, Lebanon's winemakers hid these "miracle wines" in extensive underground cellars during the war years. Now that peace has returned to Lebanon,119 words
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Article, Illustration116 1999-02-26 27 Tan Su Yen - Compiled by Tan Su Yen FRIDAY and Saturday evenings at Traders Hotel's Traders Cafe are dedicated BBQ Buffet nights. There is the main buffet section with the works a doner kebab station, lamb chops, beef striploin, cod fillet, seafood skewers and more. These high protein items are complemented116 words
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907 1999-02-26 27 N K Yong - WINE CONNOISSEUR A horizontal tasting of some 1994 clarets five Firsts and one Super-Second revealed a vintage of great class, delicious even at this early stage By\ N K Yong TWO WEEKS ago I attended a tasting of 1994 First Growth907 words
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41ST GRAMMY AWARDS
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Article, Illustration599 1999-02-26 28 Robert Hilburn - Lanryn Hill's victory brings the misunderstood and radical genre into mainstream pop By] Robert Hilburn LAT-WP [LOS ANGELES] Before saying goodbye to the Grammys for another year, here's a final set of nominees to consider. The category: Who was Wednesday's biggest winner? The nominees:LAT-WP - 599 words
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Article, Illustration953 1999-02-26 28 NEIL STRAUSS - This year's awards are overwhelmed by the number of female winners, meol strauss reports NEIL STRAUSS NYT THOUGH Grammy voters are well-known for their erratic, unpredictable and often outlandish choices, there were no surprises this year at the Shrine Auditorium. The top popular music categories wereNYT; REUTERS - 953 words
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MOTORING
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Article, Illustration784 1999-02-26 28 Christopher Tan - The car is Just so well-behaved you want to kick it. One thing makes Saab's new Griffin more than just a strong, silent type fan Christopher Tan YOU won't find many turbocharged V 6 engines around. Why? A V-configura-tion featuring six cylinders is often sufficient. You get good784 words
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VIEWPOINT
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Article776 1999-02-26 29 Jaime Ee - Off the Cliff by It's an art, it's a science. And it takes more than just going to taxi-driving school and getting a cabby licence by Jaime Ee I'VE been toying with the idea of applying for a taxi driver's licence. If you776 words
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PURSUITS
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Article, Illustration455 1999-02-26 30 Parvathi Nayar - Compiled by Parvathi Nayar MUSIC Familiar Favourites Popular Romantic era compositions such as Rossini's William Tell Overture (popularised by the Lone Ranger theme), Bizet's Carmen Suite No 2 and Brahms' Hungarian Dances are featured. Dutch pianist Ronald Brautigam takes centre-stage and Bart Folse conducts. Feb 26 27. Venue:455 words
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Article, Illustration938 1999-02-26 30 NIGHTSPOT Those looking for a hot spot as well as some lessons in fiery dancing should check out Latino's in Liat Towers THE first time we peeked in on Latino's, it was a Saturday night and it was intimidating; under the technicolour dance floor lights, there938 words
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Article, Illustration830 1999-02-26 31 Celebrity. Woody Allen's unflinching and funny look at the price of fame, shot in black-and-white by famed cinematographer Sven Nykvist. The film promises tantalising cameos, including one by Leonardo DiCaprio. R(A). Previewing at Orchard, Picturehouse. See Review on EL2. The Corruptor. Cops and robbers flick that pairs up Chow830 words
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Article116 1999-02-26 31 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubli ee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 Tiong Bahru Yishun Overseas Movie Clementi/Co'wealth 777-0669 Golden/New116 words
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TRAVEL
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Article, Illustration1185 1999-02-26 32 STEVE JACOBS - BTHVH jaoobs is pleasantly haunted by memories of his stay at The Convent Pepper Tree STEVE JACOBS The writer is a sub-editor with SPH's Sydney bureau. For full information on the variety of packages, call The Convent at (Australia) 2-4998-7764orfax 2-4998- 7323. Nthe evening1,185 words
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Article, Illustration748 1999-02-26 32 Clyde Russell - DESTINATION By< Clyde Russell Reuters [HALF MOON ISLAND, Antarctica] The thin tracks in the snow are called penguin highways and the seabirds use them to reach their rookeries on Antarctic islands until their paths are blocked by camera-snapping tourists. This summer season moreReuters; REUTERS - 748 words
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RESIDENTIAL PROPERTY
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Article, Illustration915 1999-02-26 33 DAVID BOEY - Interest in these apartments is likely to stay strong despite the property downturn, say estate agents, david bobt looks at Bishan's attractions which have helped to keep resale prices of flats in this estate relatively buoyant DAVID BOEY THE fact that Bishan was named afterJEN CHUA; FILE PHOTO - 915 words
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Article304 1999-02-26 33 BANKS/RNANCE COMPANIES YEAfl 1 YEAfl 2 YEAfl 3 YEAR 4 YEAR 5 YEAR 6-tO YEAR 11-36 ,n Citibank* (max of 30 years) -1 to 5 years loan duration 4.7500 5.5000 5.5000 5.5000 5.5000 -6 to 10 years loan duration 5.0000 5.7500 5.7500 5.7500 5.7500 5.7500 -11 to 30 years loan304 words
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Article1184 1999-02-26 33 HDB transactions from Jan 4 to Jan 29, 1999. TW POSTAL CONTRACT 8ULT-W PRICE PSf LOCATION OtSTWCT OATE (SOFT) (SS'OOO) (S$) ♦-Room (Type A) Bishan St 12 *****8 28-Jan-99 1097 333 304 Bishan St 22 *****6 06-Jan-99 1130 318 281 Bt Panjang Ring Rd *****5 15-Jan-99 1162 2131,184 words
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Article, Illustration1229 1999-02-26 34 ANG WAN MAY - With private properties more affordable in the soft market EC developers have no choice but to relaunch their remaining units at as low as under $300 psf, says amo wam mat ANG WAN MAY SQUEEZED out of the limelight by lowCHRIS LOH; FILE PHOTOS - 1,229 words
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492 1999-02-26 34 Elaine Koh - Most owners probably caught by market downturn IV Elaine Koh TWO projects in Ulu Pandan and Upper Bukit Timah that might have appeared to be HDB upgrader developments have turned out to be predominantly held for rental. According to data from the Singapore492 words
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Page 25 Advertisements
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Advertisement159 1999-02-26 25 The new supermarkets I Always keep a Card up your sleeve. I With ,he American Express® Card you have an extra advantage our worldwide network of services a. your disposal. From the millions of fine establishments to cater your spur of the I moment purchase, to ass,stance a, over 1.700159 words
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Advertisement8 1999-02-26 25 Travel A taste of convent life EL 88 words
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Page 26 Miscellaneous
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Miscellaneous134 1999-02-26 26 CRYPTIC CROSSWORD (4 AA) 8 DOWN cook (9) YESTERDAY'S SOLUTION 2 Instrument stand care- Not a condition one would lessly drop it (6) freely accept (9) MBMNyOohjE^DMA^TM 3 One checking bed canopy (6) 16 Passed exam, with reserva- SußbßrßpßsHpSr? 4 Start to grow vegetable (6) t ions (9) UnWaU i^aUomulibeM134 words
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Page 29 Advertisements
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Advertisement195 1999-02-26 29 Singapore Boy's New Freedom! HHRHh VKSI by HOSSAN LEONG WmKing of Singapore standup comedy breaks free with a new show! Pre sen ts 2 3 4 MARCH AT BPM seats. l Rambutan! R by siva \Jmotß. "Why USo Like Dat?" Baby a. Hilarious rap and mime! by SELENA m> j195 words
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Page 30 Advertisements
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Advertisement209 1999-02-26 30 Where to wine, dine <ind s aJSSSt at over 30,000 locations worldwide. M-rts! 2^o4 4s •A 1 -yJ —O i'v .4 c v your Wedding is important to us! In ;i .1 t(\i r1 a i'pfi«'ii. httii h hntti t, i>r "V ur.liui V. tlllK I v|H v 1. 111209 words
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Advertisement152 1999-02-26 30 Celebrate the last century with De Grand *i CHINESE NEW YEAR SPECIAL From 16 Feb'99-28 Feb'99 SET LUNCH -S9.BONETT (11AM -3PM) SET DINNER-SlO.BO NETT (SPM 10PM) Thai style claypot red curry chicken with pineapple t j Spanish pork nbs with garlic sauce claypot %i Claypot fned beef with green pepper152 words
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Advertisement46 1999-02-26 30 Ip^UKDAY BRUNCH >52.00"* PER APCJLT WITH FREE-FLOW OF CHARLES HEIDSIECkf CHAMPAGNE RED WHITE WINE, draught tiger peer and FRESH FRUIT JUICES >28.50*** PER CHILD WITH FREE-FLOW OF SOFT DRINKS PAOLO /^PING'S PASSIONATILY ITALIAN TASTEFULLY CHINESE ROYAL CROWNE PLAZA SINGAPORE 25 scons ROAD, SINGAPORE *****0 I 731-7*78546 words
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Advertisement90 1999-02-26 30 One of the best places to enjoy nonya food is St. Gregory's Brasserie. Our chef won't disappoint you with his buffet spread of Nonya specialities, including Kueh Pietee, Ayam Buah Keluak, Otak Otak, Udang Assam, Yang Tau Foo Lemak and Apom Berkuah, j that vary every day Daily Nonya Lunch90 words
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Advertisement114 1999-02-26 30 ■3 March >99 th Fu Hsing Acrobatic Troupe erformancc 4 March '99 L AN INARY& UtfING servations: 124-3203 »*nw I'm Hmm, < tMtrr Qmaj, mf* *****1 Tai 224 3022 C<*£g CrOStrOaAi 11- 230p»«A The Singapore Marriott Hotel is famous for its fine international cuisine. Now you can enjoy a leisurely114 words
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Page 31 Miscellaneous
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Miscellaneous2270 1999-02-26 31 TODAY'S TV RECOMMENDED VIEWING Premiere 12 3.30 JoKilat 2-30 PM TV Innovations. jfe, 4j| JT J-JJ Kawan Haiwan A lPflflPP judgment, agrees to 4.00 Kidz Blitz: Sesame he Great Indian Yatra. Jr\ nrotert a rork star Street. 4 7.00 Nerukkadiyin Suvadu |U n TYjocicinci R,,, tt 5.00 Ned's Newt. M2,270 words
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Page 33 Advertisements
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Advertisement9 1999-02-26 33 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes9 words
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Page 34 Advertisements
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Advertisement57 1999-02-26 34 I iS «HfHy Prominently located within AA Vehicle Inspection Centre I (about 100,000 vehicles inspected a year) I Available space-800 sq ft/1,400 sq ft/1,800 sq ft/2,200 sq ft/ I 2,400 sq ft I Ceiling height of 2.6m/2.8m I Suitable for auto parts services, car accessories, tyres shop, I car grooming57 words
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Page 35 Advertisements
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Advertisement4 1999-02-26 35 TWFttNNßWri>tff Brsi\i;sslT Mondays TheßusinessTimes4 words
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Advertisement593 1999-02-26 35 V*M»or« U»n>t > agjes US*/w *7\rti v ~r t(# ~A; O 'itk tcrnational ap. ai -t optica], v r in P«ris. V lvo r-*%***£*, M. ipr '•>• r < °/v/4> w jrr? M <: •> r\ s sc. 4 /liVy > 3 m u -55. J? ;>/>;> x 4 V;>593 words
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EXECUTIVE MONEY
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PERSONAL INVESTMENT
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Article, Illustration940 1999-02-26 35 LOUIS BECKERLING - Do the better economic figures suggest that the stockmarket recovery will be as strong as the post 1986 experience? Louis beckerlxmg finds out LOUIS BECKERLING INVESTORS may draw comfort from the economic report card published yesterday. Read together with improvements in leading economicSource: Datastream - 940 words
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Article604 1999-02-26 35 Tan Seng Hock - The Asian rally —fact or fiction? Df MT OPINION Tan Seng Hock Senior investment manager DBS Asaet Management THE recent rally in Asian stock markets has surprised many with its strength and sustained performance. The reasons for the rally focus mainly on the concerted monetary policy easing by developed countries604 words
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Article, Illustration996 1999-02-26 36 WONG WEI KONG - Investment Funds Award winners played a dicey game last year, and won big, reports wohowbikomo WONG WEI KONG HIDE and seek. That was how some of the best performing fund managers investing in Singapore beat the market last year. And it was no child's play.Source: Bloomberg - 996 words
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Article, Illustration1080 1999-02-26 36 Kevin Grice - The worst of the crisis seems over, but there are a few jokers in the pack By] Kevin Grice The writer is senior economist, Global Economics Department, American Express Bank, London IT has been tough since mid--1997, but the worst appears to beFILE PHOTO - 1,080 words
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Article351 1999-02-26 36 Nicholas-Applegate Global Balanced Fund Investment objective To achieve a balance of long-term capital appreciation and current income. The holdings consist of a blended portfolio of equities and fixed income instruments (including bonds, convertibles and mortgage related securities) in accordance with CPF guidelines. Investment style A top-down approach for351 words
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Article284 1999-02-26 36 UNfT TRUST/SECTOR (6 MONTHS 31JULW-19FEBW) CHANGE RANK P$ffOVHMf9 Aberdeen Singapore Growth/ Singapore EQ 54.22 1 Templeton IF Korea/ Korea EQ 43.28 2 OCBC Savers Korea/Korea EQ 43.19 3 Schroder Singapore Trust/ Singapore EQ* 42.39 4 Aberdeen Singapore/ Singapore EQ 41.64 5 Worst Nffomwn CM Japan/Japan284 words
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PERSONAL FINANCE
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Article, Illustration1066 1999-02-26 37 Alvin Tay - THE FIJI Hit POINT Peg both the subsidised and unsubsldlsed rates to the CPF interest rate By Alvin Tay SOME of the 440,000 HDB flat owners are hitting the roof over an interest rate anomaly they are paying a higher interest rate for their "subsidised"1,066 words
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Article, Illustration1144 1999-02-26 37 Genevieve Cua - Much higher rates offered than S$ or US$ deposits By< Genevieve Cua THANKS to heavy advertising and continuing worries over the region's economic recovery and volatile stock markets, a foreign currency deposit product by Citibank has become a hit among retail investors.FILE PHOTO - 1,144 words
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1245 1999-02-26 37 P«x»» 1-wth 3-m»h 6-nrth DepoeKmwunt 1-mft Mrth M A$ M£25 }2US V2S 4 1700 25 000 74.999 3 6875 3 6875 3 7500 A25.000 A49 999 4 0900 ***** 4 1700 74.000-149.999 3 8125 3 8125 3 87501,245 words
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Page 36 Advertisements
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Advertisement224 1999-02-26 36 issr~€== Xissss? > At \s£s» -Tuk- ir H£ i S< r t,tr !?nSjo«»« ,tadUS i^ oo I 1 1 Y*aMf trtal A"****! .L, orter of W 1 IHp 1. r i corT !^toiUp* rt *lS; t fl0 •Ml V i p J5-—■■ Wl»j2? *00 •<**• \¥£*sssz IjWI ;iT'« T h«224 words
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Page 38 Advertisements
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Advertisement297 1999-02-26 38 Finance Fix the HDB rate anomaly EM 13 I har n|sf 1 I H I hsrtfirG® i-1 ii u *p>r tP^HF I H' I m -s^ I &J9w A 9 30 JkV, X 1 J_l_ The extremely volatile Singapore I Ann (T I tnpn HUH market last year demanded I297 words
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Advertisement15 1999-02-26 38 M IK j..h*>K] ECs try wooing 'em back with even lower prices HVHHH em 1015 words
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SHIPPING TIMES
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Article311 1999-02-26 39 Bridge News Reuters PANAMAX rates were again talked higher in both the Atlantic and Pacific although full details of concluded business were lacking. Brokers said owners in the Pacific are pushing their rates upwards for trips back to the Continent and are now talking U555,500 daily while ratesBridge News; Reuters - 311 words
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Article261 1999-02-26 39 «S 000 S$ HI CWT Distribution 0.50 unch 42 Chuan Hup 0.595 -0.01 42 Cosco Invastmant 0.48 :a *-T —"if <0 45 H44S«»Hi» 0.445 <.005 204 IMC Holdings HK 5.60 JayaHoMings 0.53 unch 28 Jurong Shipyard 6.4 *0.05 446 4.04 unch 651 K«PP*i FELS 3.14 *0.31 2453 K*pp*i261 words
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417 1999-02-26 39 Felix Chan - Adopting ILO convention will help ports develop, conference told By, Felix Chan [SINGAPORE] The international umbrella body for dock unions has suggested that treating port workers as stakeholders was the only way forward in a rapidly changing industry. International Transport Workers Federation (ITF)417 words
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748 1999-02-26 39 Selva Kumar - ADMIRALTY CASEBOOK By Selva Kumar T| HE Supreme Court of India has held that the statutory right of an Indian harbour authority to sell a vessel it has lawfully arrested is paramount and cannot be subject to other priorities under748 words
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370 1999-02-26 39 Felix Chan - Qingzhou Container Terminal handled record volume last year By 1 Felix Chan (SINGAPORE] PSA Corp is setting its sights higher this year for its Fuzhou Qingzhou Container Terminal following a record 178,000-TEU (20-ft equivalent unit) throughput logged last year at its second370 words
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489 1999-02-26 39 Reuters [SEOUL] South Korea's major shipping companies should benefit this year from rising freight rates and falling fuel prices, analysts said. "Container freight rates are likely to rise by 5 per cent this year," said Ji Hun-seok, analyst at DaewooReuters - 489 words
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Article, Illustration819 1999-02-26 40 Michael Conlon - TRAVEL INDUSTRY Bookings rise as airline and hotel firms seem to have prepared for 2000 with no major computer-related glitches «</ Michael Conlon Reuters in Chicago IT is now possible to book an airline flight, hotel room or rental car into the year 2000 asReuters; FILE PHOTO - 819 words
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Article327 1999-02-26 40 PAGE Foong Sun 8 ANL 3 Erota 13 Accord 8 Ert Links 14 Ahrenkiel V4 G Link 4 Appenship 5 Gemartrans 8 Austral 8 Genshpg 14 Avant 14 Glory Nav 14 B'tanq Mas 8 HaiSunHup 8 BSA 7 Hanqli 7 BTL 14 Hanjin 3 Balaji Shpg 4327 words
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Article20511 1999-02-26 47 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessei Voyage Telephone eta ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dost'n Nam* Nam* Number Number 09/03 29/03 CSAV NORSULIPANEMA 017N 45-*****55 To ABIDJAN (ABJ) 2003 Cot* D'I voir* 09/03 20/04 nyk norsul ipanema oitn *****0123 05/0320,511 words
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SHIPS IN PORT
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Article704 1999-02-26 53 V«s*l Voy Mo Berth Arrival Departure J—8 Nrt Mka Tamnaq *****9 J12 alongside 27.02/1200 Armada 5 48 J17 aionqsid* 25.02/2300 Auha Seraya 0599 J03 atongsK* 25.02/2000 Bright Sky UC86 J22 ilonqsx* 28.02/2359 Bt lestari I *****9 J01 alongside 25.02/2300 Bt Hurdiana *****9 J01 alongside 25.02/2300 Bt Septi FEB25704 words
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Article1763 1999-02-26 53 RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Boofclnq/Bolance Rstls ftWi To Fro* Mo M* C022W 28/0400 U 25/7500 2V1659 25/1900 25/7500 2V1659 25/1900 u n/mw 26/0059 26/0900 20 25/1700 26/0*59 26/0*00 J 26/0700 26/1159 26/1400 4 24A200 26/145* 24/1700 8395* 27/0000 M 25/ttOO 25/1659 25/1900 25/1500 25/16591,763 words
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Article216 1999-02-26 53 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 28 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia:216 words
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Article757 1999-02-26 53 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indi cated. The Cockett Bunker Price Index change757 words
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Article479 1999-02-26 53 CwX« 180 Mu 994.8 U 18.8 0.09 112 0.05 Density Water IhMw Art Alyrtifrm Sediment No above E25 t 0 IS 0 10 %H/H 380 Aw 966.2 0J M.9 0.06 30 0.02 Uw 380 Mu 994.9 0.7 19.8 0.09 65 0.07 «wir» %M/M %H/H mi mm»t479 words
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AIR & LAND TRANSPORT NEWS
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567 1999-02-26 54 Management team to be set np by next year to phase ont traditional air navigation systems AFP [AUCKLAND] Pacific nations have moved a step closer to establishing the world's biggest seamless air traffic control system which they say will slash flyingAFP - 567 words
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Article, Illustration55 1999-02-26 54 [TANGTOU VILLAGE, Zhejiang] Apart of the crashed China Southwest Airlines Russian-built Tupolev TU-154 lies in front of a factory in Tangtou Village yesterday. The airliner, which crashed killing all 61 people aboard, narrowly missed a cluster of homes and factories before slamming into the earth and explodingREUTERS - 55 words
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193 1999-02-26 54 Findings of stndy to provide basis for financial overhaul Reuters [NEWYORK] A quarter of the US$l3 billion (5522.36 billion) that Boeing Co is investing in its product lines will produce no meaningful returns, the Wall Street Journal reported on Wednesday, citing aReuters - 193 words
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Article, Illustration476 1999-02-26 54 Reuters [FORT WORTH, Texas] American Airlines and the Allied Pilots Association (APA) said they agreed to mediation over a dispute involving salaries for pilots at Reno Air, which was acquired by American in December. The parties said in a joint press release onReuters; FILE PHOTO - 476 words
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134 1999-02-26 54 Bridge News [TOKYO] Japan's Mitsubishi Heavy Industries Ltd is to join an Airbus Industrie project to develop new aircraft, becoming the first Japanese aerospace firm to work with the consortium, a report said. Mitsubishi is expected to make major components of the European consortium'sBridge News - 134 words
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Article, Illustration381 1999-02-26 54 Felix Chan - By. Felix Chan [SINGAPORE] The exorbitant cost of using the new Chek Lap Kok airport is threatening Hongkong's competitive edge as a regional aviation centre, Cathay Pacific's chief operating officer Philip Chen said. In a report in the airline's in-house newsletter, Mr Chen said:FILE PHOTO - 381 words
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Article164 1999-02-26 54 Reuters [WASHINGTON] Air traffic controllers are bringing planes too close together more often, and errors have risen 18 per cent to 878 in fiscal 1998, USA Today reported on Wednesday. Errors per million flights handled by controllers climbed from 4.8 to 5.5, the newspaperReuters - 164 words
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Article1832 1999-02-26 54 cnr njcwr cta fucht no imtm kso u*373 2355 UakMt AN6230 1920 N24SM 1650 $026 2355 LH63S1 1920 S***** 1650 IH787 2359 $0230 1920 ****** 2359 ImfitrUm S0327 0600 K1844 0105 SM00t 2X9 GA973 1005 ****** 2320 M—H $0909 1T15 ***** OOP K1837 1535 $0328 23201,832 words
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Page 39 Advertisements
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Advertisement24 1999-02-26 39 Travellers shrug off millpitninm bug Bookings rise as airline and hotel firms seem to have prepared for 2000 with no major glitches. Page 224 words
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Advertisement208 1999-02-26 39 Pacific nations move closer to unified air traffic control Management team to be set up by next year to phase out traditional air navigation systems. Back Page TheßusinessTimes Shipping times To keep ahead in today's uncertain fast changing economic landscape, you need to be well informed. And you also need208 words
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Page 40 Advertisements
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Advertisement1212 1999-02-26 40 I NORTH AMERICA 1 1 EXPORT 1 i OTHER DESTINATIONS I BSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) 1 WSsa VOT ETA SM (ID9N LCI DM HOU CMC NT MfXtCOOTT yissa VOT I*"Si' MbJ KAJUTU SAN IOMMZO (OOIMTO I HIWWYBHWUI nfj ooaofii m/m1,212 words
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Advertisement90 1999-02-26 40 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hong Kong A All China Porf (EVERY THUR A sun vessel) VtSStL VOY no SIN HA TYO ETA K0» ETA YOK ETA NGO ETA OSA MONTE90 words
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Advertisement738 1999-02-26 40 Lines services represented (=«m«i) by Members ot the Registry of Accredited Shipping Agents. Singapore Shipping Association Members of the Singapore Freight Forwarders Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "ARKTIS OCEAN" V.9905 ETA SIN 26/02/99 BOOKINGS CAU MOMCA/AI UNO TEL 323 4374738 words
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Page 41 Advertisements
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Advertisement1135 1999-02-26 41 TO EUROPE FROM EUROPE ypsa VOT sw n» tm mam my sou ht ta I [ygssn. vor rtw amw ha* utv sou ext uh sin NOl CORAi 004W 24/02 14/03 16/03 19/03 20/03 HY EMPttOS 31*1 04/02 06/02 W/02 03/02 27/02 HY HIGHNESS 316W 01/03 U/03 20/03 23/03 17/03 LA1,135 words
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Advertisement38 1999-02-26 41 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA VESSEUVOY SPORE JAKARTA SEMARANG SURABAYA PERMAI I 0424-424 27/02 02/03 03.03 PERMAIIO42S-425 06/03 09/03 1(M)3 PERMAIIO426-426 13/03 16/03 17/03 PERMAI *****2-022 05/03 08/03 PERMAI *****3-023 12/03 15/03 PERMAI *****4-024 19T03 22/03 tRMAI *****5-025 26/03 2»0338 words
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Advertisement1769 1999-02-26 41 OHANJIN SHIPPING ill |Pl 5 tfeAOTTiuwluiee-$3» 32*0233 Ms E«(y« Iw Sole 32*0730 HAMJIN SKIPPING (S) PTE LTD M* I**" com lOOWHC 32*0735 737 SALES 32*0224 23( OOCUMiNT 37*0771 774 OffUTKHfi 37*0750 751 MAIN LINE *****55 FU Wmui film inHTMMM TO NW USA CANADA USA~~ I CANADA* hoTvuTvor ymr pis u*haS7vot1,769 words
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Advertisement509 1999-02-26 41 »tssa HOT SIM PK6WT SHI HKG KEL IfSW HIS KMTC PROVIDES U>Kttili)N6 903S 71/D7 73/07 903N 74/07 70/07 07/03 04/03 05/03 HTVINOAISPtWTB 07QS 74/07 OS/03 07/03 09/03 10/03 DC/* 111 AD If IWCHONMON6 903S a/07 07/03 903N 03/03 07/03 09/03 11/03 17/03 nEUULAh DVICAIVDULIV PITCPUSAN 903S QS/03 17/03 14/03 14/03509 words
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Advertisement1694 1999-02-26 42 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtSSfl VOY SIM LfH HTM AMR HAM BHV TLX VtSStL VOY SHI PIT SPt FOS AC MTB TRAO6 SfLENE WQ»11 HO2 20 03 21 03 11(3 1103 21 03 CALIFORNIA SENATOR WM9I2 04 03 21 03 23 03 25 03 27 03 04 0«1,694 words
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Advertisement966 1999-02-26 42 m. AM MAU-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. QUDANQ: (07) *****26 l-JW Wl cm NOe **********0 C SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA (31) *****0 P KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHING (082) *****1-3 BARCELONA966 words
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Advertisement551 1999-02-26 42 LINE JS Tftx *****56 FAX: *****12 MUARA r LABUAN j VUSa VOY ETD ETA VESSEI VOY ETC ETA SPOtE MUARA SPORE UN (ARAKA JN337 VO4I/M M 27/02 STRAITS HOPE VO4E/W 26/02 02/03 STRAITS HOPE VO4E/W 26/02 01/03 CUUKA *332 VOSI/W 05/03 09/03 CARAKA JN332 VOSI/W OS/03 01/0' STRAITS NOW VOSE/W551 words
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Advertisement1335 1999-02-26 43 VESSEL VQV SIN PKG P€N PQB Oilß DAM SHJ IBA BIK IRAN BAKERI PJLI336 22/02 03/03 04/03 05/03 07/03 00/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 10/03 IRAN BABAEI PJLI333 08/03 17/03 18/03 19/03 21/03 23/03 IRAN TAKHTI PJLI337 18/03 24/03 28/03 28/03 28/03 30/03 IRAN LORESTAN PJLI33B1,335 words
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Advertisement1628 1999-02-26 43 Ji* 9 poh* VOOI3W (ETA SIN 3 F«b 99), €•*<• USA EfliKnit All-WaUr Mrvict will call it Jwfgjk porti of Mtlawi. I ~L 6 SHEMTON WAY HL 226 1900 FAX: *****08 OUTWARD (IA) T^OsSwjOHoSofFKT"^ IOSIU SNIPNN6 PTI LID #17-01 DBS IIOG SAUS/IKGS *****57/60 INWARD DIPT (D/ 0) *****55 COSTAR AGENCIES1,628 words
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Advertisement657 1999-02-26 43 EASTERN CAR LINER, LTD.'WT it] Eg (SINGAPORE) PTE LTD I SPECIALIZE IH RORO HEAVY UFT UPTO 450 TONS 1 EQ (SINGAPORE) PTE LTD LOAD NG FOR INCHON/ OSAKA CHITTAGONG/CALCUTTA/CHENNAI/MUMBAJ MV "OCEAN BRAVE" V.13 MV "BRISA AZUL" V.IB ETA SIN 20/02/99 ETA NCHON 28/02/99 ETA SIN 22/02/99 ETA CTG 27/02/99 ETA657 words
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Advertisement1464 1999-02-26 44 EUROPUIK/SCANDIMVIA/HNUIIMUSSM SGP ROM ANW HBG TMP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DEVOTE RW-OOS 27/02 19/03 24.03 20 03 22/03 23/03 24/03 E REWARD HE 032 04/02 06/02 OS/02 1742 99/02 04/03 05/03 E DEVELOP RW 005 06/03 20/03 31/03 27/03 29/03 30/03 31/03 E REFINE1,464 words
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Advertisement736 1999-02-26 44 f PACIFIC INTERNATIONAL UNES (PTE) LTD A I SSSSV IAI 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NQ *****67QQ00E I PP. 8r -Hi- na wSTiSB"' ivi ii/i S3 "(HaH I Ilvnsa VOT w~ MmMlmmo m mm m~ si^^l SMS! M HMMr® hwcatbmh ~«rrn)r-R>r ny> s/4 \h736 words
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Advertisement601 1999-02-26 44 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA YlSSil VOY sw rtu put Nt»~ CPT w GOLDEN MtSM YOl OS 03/03 12/03 14/03 11/03 20/03 NAMttIQUEEN V.033S 13/03 22/03 74/03 "w/03~ 30/03 02/04 lUMUIDRAGOW VOI7S 23/03 02/04 04/04 WAX 10/04 NAMttl YBM Y.033S 03/04 12/04 14/04 IMH 20/04 GOLDEN601 words
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Advertisement482 1999-02-26 45 Mil MYANMA wSm, FIVE STAR LINE (Myonmar National line) Loading for Yongon (Rangoon) VHStt VOY SIN PKL KN PGU HPA-AN 25*W SID MONG-U 21W SID MALAYSIA AGENTS: lOUSTEAD SHIPPING A&ENCIES lUL Til (03)2417)00 PKL IB (03) *****01 PEN: TEL (04)2****** PGU: TU (07) *****21/4 BANK LINE (A wvi<# of Andrew482 words
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Advertisement1338 1999-02-26 45 HMt HYUNDAI MERCHANT MARINE CO., LTD. IVKSR VOY ISM SOU I LB4 HTM I ANT HAM I MIV IFa IVPSa VOTI SOU UN RTM ANT HAW IRV IB SM NOLCORAL OOtW 24/02 14/03 20/03 14/03 14/03 HY EMPEROR 31*1 05/02 10/02 o*/02 04/02 27/02 HYMOMBS JI4W 01/03 17/03 11/03 20/031,338 words
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Advertisement1126 1999-02-26 45 B. "I Torwegon ipeciafaed auftxamars Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE" VESSEL VOY RAMP HEIGHT SIN LAX CRL MIA SAV Ml 0«F NYC WW MOI hxas F905 400 Ims 6.3 M m port 25/03 Wm 6*7oT WoT~ W Ti7oT TW 1776T U7oT~ TOM FOO4 400 Tms1,126 words
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Page 46 Advertisements
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Advertisement783 1999-02-26 46 BANGKOK/MAP TA PHUT/LAEM CHABANOj J A K A BT A/PAN J A MO VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN MATHU BHUM 4Q4N 27/02 03/03 02/03 ANRO JAYAKARTA* 076 27/02 02/03 XETHA BHUM" 272N 28/02 03/03 04/03 AKA BHUM 334S 27/02 03/03 CHANABHUM" 59N 01/03 05/03783 words
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Advertisement517 1999-02-26 46 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTMMER BBRVICB VSt Ivorlwc a] M I STB ME I MA «Ct IWI iwmbuu ws urn v/n urn i?/m is/oj u/m ?i/m KASOGAI in M/*3ot/B3 17/ M lt/03 Tl/93 M/M ftOWBSMW Its 11/MI3/M 21/ M H/03 W/M *1/04 >4/04 MKTBffHWBSt |tB 11/P 11/W|517 words
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Advertisement1064 1999-02-26 46 |g^|ggg§||jjH VESSELS VOY I PKL I J€D I MLA LEH RTM HAM ZEE SOT 1 VNXE D'AQUARHJS U3QW 02/D3 03/03 12AP 16/03 22/03 2V03 24/03 26/03 27AX3 VXED6AWTARES L3QW 11/03 12A» 21/03 2&OQ 3MB 01/04 02/04 OVQ4 06A>4 VNXEOeVIROO S3QW 1&TO 16/03 25/03 29/03 04/04 06*04 06AM O&Q4 OftW I1,064 words
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Page 47 Advertisements
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Advertisement45 1999-02-26 47 mU (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping times VMJ trJisygc, I45 words
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Page 49 Advertisements
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Advertisement51 1999-02-26 49 STuTk Dial 740-6000 on demand] —mam (Retrieve more schedules!) Sl£) Press-1" CT jrv Select the port and key in S■KJ the four digit code —eg. To New Vorfc OVVQ 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING TIMES51 words
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Page 50 Advertisements
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Advertisement149 1999-02-26 50 -N ■mjh FREE 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: ADVERTISERrPRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product149 words
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Page 51 Advertisements
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Advertisement1015 1999-02-26 51 SAM UP ERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 tmmmmm TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 LINE: 535 6266 Celia/Jessica/Mei Chan/Jeslynn/Dora/Hanim EQZS3OE&3E22H 7 slgs/week ehsb 2 slg/week [VESSEL VQY SIN JAK [VESSEL IVOY SIN1,015 words
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Advertisement1304 1999-02-26 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO IM I iff IWI HW I PPG 1 CMR I »QM I HAL I NYL I ORE I SAV I NEW TAM HOU 1 NOEOH PTM /OtSO 16/03 22/03 11/97 02/03 24/03 20/03 05/04 01/04 04/0} M/QS 10/0} 13/ OS 17/05 27/051,304 words
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Advertisement738 1999-02-26 51 Singapore Soviet Shipping CPL a Ho **********0* Multiline Shipping PL JJ J (WSofry Owned Subsidary) a No **********0 C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNO29 28/02 08/03 17/03 18/03 KOTARATU RTUO37 07/03 15/03 23/03 24/03 PERAK 126N 13/03 21/03 01/04 02/04 I VESSEL VOY SIM CALCUTTA SIN738 words
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Page 52 Advertisements
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Advertisement610 1999-02-26 52 I VESSEL VOY SIN MAA SIN I TIGER ISLAND 687N 26-27/02 04 07/03 12-13*03 I TIGER PEARL 688N 02-02/03 08 11/03 16-16/03 I TIGER SEA 689N 05-06,03 11 14/03 19-20/03 I TIGER BAY 690N 09 09/03 15 18/03 23 23/03 I TIGER ISLAND 691N 12 13/03 18-21/03 26-27/03 I TIGER610 words
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Advertisement1072 1999-02-26 52 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE ALEXANDRIA (ALY) BUENOS AIRES (BUE) CEBU (CEB) ISTANBUL (IST) IZMIR (IZM) LAEM CHABANG (LCB) MALTA (MLA) PASIR GUDANG (PGU) SAN ANTONIA (STN) SANTOS (SSZ) PLIASI CALL OUR TOLL FRIE LINK FOR BOOKING: 1800-*****66 Overseas Offices Hongkong1,072 words
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Advertisement26 1999-02-26 52 CONVENTIONAL-SERVICE VESSEL ETA ETD DESTINATION CHAHAYA VICTORY 01/03 02/03 JAKARTA SURABAYA SEA SHINE 01/03 03/03 MANILA SOUTHERN QUEEN 03/03 05/03 BANGKOK CHAHAYA STAR 05/03 07/03 PALEMBANG'PONTIANAK26 words
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Advertisement1115 1999-02-26 52 OOCL (Sinqoporel Pte Lra CFS Keppel Distrpk 79 Anson Road #21-04 (S) *****6 1*513 #01-128 M CR NO **********0H Tot 272 7527 ror DOMmg Tel: *****13 Fox 221 3942 Fox: 272 7825 t enavkv MJL. J_ Orient Overseas Container line "V-7 (Malaysia) Sdn BKd (Reg No: *****2-U) (at KTAUNG JATA1,115 words
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Advertisement190 1999-02-26 52 FULL CONTAINER SERVICE SIN PASIR QUDANQ SIN DAILY SAILINGS [VESSEL I VOY 1 ETA PG IMY I VOV |ETA SN I o*y""| PROGRESS WW 25/Q2/99 I fTHURI IWMN I 26/02/W IW I Accepting cargo A n—fr Cowtdnar <SOC) icOQ AGENTS MWNM PANCON SHIPPING MARINE SERVICES PTE LTD. TEL: *****50 (6190 words
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Page 53 Miscellaneous
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Miscellaneous123 1999-02-26 53 LEGEND R Thunderstorm Temperature «q V Shower Weather Wmd direction with speed m knots Rom Cloudy Sky Wov ►letght n<,, <~• by arrows which Hy with Hie wind One Ml circle represents calm or Ugh, and vonoWe winds One ho* Heche represents 5 knots I— One tun flee he represents123 words
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