The Business Times, 2 March 1999

Microfilm: NL21390
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    20 1 THE BUSINESS TIMES MITA (P) 85c S I N G A P.O R E Internet: http://business-times.asial.com.sg/ TUESDAY, MARCH 2, 1999
    20 words
  • Article
    MARKET SUMMARY
    63 1 Dsn 1,***** (+10.94) BT-SRI 569.93 (+8.49) SIMSCI FUTURES 213.00 (+3.80) H MARKET MOOD: Mixed STOCK MARKET INDICES Monday Change KLSECOMP 531.54 10.69 NIKKEI 14,221.75 145.79 HANG SENG 10,020.46 +161.97 SET INDEX Closed JAKARTA COMP 396.33 +0.24 MANILA COMP —*****7 -0.78 TAIPEI WPI 6,***** -617 SEOUL COMP Closed CI£A
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  • Article
    FINANCE
    85 1 FOREX RATES uss s$ USS 1.724 £(l'S$/S$ per 1599 2.755 H'RO(US$/S$ per K) 1.099 1.894 DM 1.780 0.968 YEN 119.2 1.446* KM 3.800 0.454 HKS 7.748 0522 BAHT 3728 0 046 RUPIAH 8350 0.019 'St to 100 units PBIME KATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75
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  • Article, Illustration
    OCBC beats forecasts with $425m profit, down 27%
    1047 1  -  Strong core earnings cushion bottomline froms93Bm provisions Ry\ Siow Li Sen [SINGAPORE] OCBC Bank yesterday announced a 26.8 per cent slide in 1998 net profit to $425 million, as strong core earnings cushioned the bottomline against almost $1 billion in provisions. The
    1,047 words
  • Article
    Nordic bank breaks new ground with $300m bond issue
    520 1  -  It is first foreign institution to go for 5 and 10-year maturities By' Wong Wei Kong [SINGAPORE] Nordic Investment Bank (NIB) yesterday launched a $300 million Singapore dollar bond issue, the first foreign institution to issue bonds with five and tenyear
    520 words
  • Article
    Unlike Gitic, Guangdong arm to be bailed out
    752 1  -  From Quak Hiang Whai in Hongkong AFTER months of speculation, the Guangdong government yesterday unveiled proposals to bail out its troubled investment arm, Guangdong Enterprises (Holdings) Group (GDE). Guangdong's executive vice-governor Wang Qishan explained that GDE, which controls five Hongkong-listed companies, would
    752 words
  • Article
    Feb sales of private housing units down 50% to 500
    487 1  -  Fall attributed to shorter month, Chinese New Tear By\ Marissa Chew [SINGAPORE] The shorter month and the Chinese New Year festivities took their toll on February sales of private residential properties, with major developers selling some 500 units, including 84
    487 words
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      130 1 WSTOE The Property Column Did Prudential Assurance pay too much for its space in Prudential Square? asks Lee Han Shih, Pg 4 Hong Leong's keen The Hong Leong group is said to have offered to buy the 55% stake in Jack Chia-MPH owned by the founding Chiarapurk family, Pg 15
      130 words
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      15 1 OCBCTs big leap forward in transparency, Pg 15 OCBC (M'sia) profit plunges 75%, Pg 15
      15 words
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      46 1 Iv GENEVE B^^bbb I ■hh> fr^Hl^R iM zThe new I.U.C a j^yf'S SINGAPORE: 02- V). Wisma 65/737 64 51, F'ax 65®lj 82 00. Dickson shops: The Raffles Paragon. For more information: Chopanl Asia Pte Temasek Boulevanl. 38-02 Tower Singapore *****7, Tel. 65/333 0801, Fax 65/33.3 0803.
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Life and general insurers face challenging market conditions
      795 2  -  They are likely to see falling premiums, fiercer competition and rising claims Byi Soh Tiang Keng SINGAPORE'S insurance industry is going through a rough patch. Falling premiums, razor-sharp competition, an unstable investment climate and the economic slowdown have sapped the vitality of
      795 words
    • Article, Illustration
      Lock icon Channel NewsAsia a bold move: BG Yeo
      321 2 CHANNEL News Asia, Singapore's answer to Western reporting of Asian affairs, was launched yesterday with a simple ceremony. Speaking at the launch ceremony at Raffles Place, Minister for Information and the Arts George Yeo said the new channel was a bold move by
      SIEW YAW HOONG  -  321 words
    • Article
      Diesel prices up as sulphur levels go down
      256 2 OIL companies have raised the diesel pump price due to additional costs that go into lowering sulphur in the fuel. Diesel from the six oil companies now costs 44.5 cents a litre, up two cents or nearly 5 per cent from 42.5
      256 words
    • Article
      Successful Y2K tests for 2 networks: MAS
      305 2  -  It runs nationwide tests for electronic payments, Masnet Clarissa Tan THE Monetary Authority of Singapore has successfully carried out Year 2000 tests for its two nationwide networks for the financial industry, the MAS Electronic Payment System (MEPS) and Masnet, the authority said in
      305 words
    • Article
      Asian crisis wiped out 500 travel agents, says Abacus
      278 2  -  By' Toh Han Shih THE Asian crisis wiped out more than 500 travel agencies in South-east Asia last year, said Abacus International president William Liu. Mr Liu said the figure was based on its dealings with travel agents in the region.
      278 words
    • Article, Illustration
      Lock icon M2 up 29.6% in Jan to $161.3b
      305 2  -  EYE ON THE ECONOMY Finance By i Clarissa Tan COMMON money measure M 2 rose a robust 29.6 per cent year-on-year in January to $161.26 billion, reflecting the inclusion of POSBank s data following its acquisition by the Development Bank of Singapore as
      Source: MAS  -  305 words
    • Article, Illustration
      Lock icon Top 1,000: Caltex heads sales list SingTel's most profitable
      419 2  -  Jennifer Lien OIL major Caltex Trading has topped an annual listing ol Singapore's top 1,000 compa nies by sales, while Singa pore Telecom was the mosl profitable. Caltex, with sales of $16.9 billion, was also first in last year's list, published
      ARTHUR LEE  -  419 words
    • Article, Illustration
      Lock icon Rise in IT wages slows to 2%, growth lowest in 10 yrs
      333 2  -  Programmers suffer 8% fall; operators get 12% more Hy Raju Chellam THE annual gross salary for information technology professionals rose by an overall average of 1.93 per cent in 1998, the lowest rise in a decade, according to
      Source: Information Technology Management Association  -  333 words
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      48 3 < I -1 > j i:> <■ Mr Marc Tomchek, Deputy Managing Director, Rabobank Asia Ltd because Marina Properties i I MARINA PROPERTIES PTE LTD ISO 0002 CERT'; f < OTy M.hmm Properties Pnvote L,m,te,l. 3 Temasek Avenue. Centenn..,! Tower. «10 02. 5.n,,.,p0r, *****0. Tel,-phono ,65. 336 9788, Fr.csnn.he -65.
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Prudential hit by KepLand provisions
      653 4  -  THE PROPERTY COLUMN Bilge write-down in the values of KepLand's Investment properties such as Prndentlal Tower means Insurer could be suffering a paper loss of np to $100 m By Lee Han Shih WHEN Keppel Land announced a huge provision last month, it affected not
      FILE PHOTO  -  653 words
    • Article
      APLB set to launch Aussie housing project
      418 4  -  78-nnit devt in Sydney's CBD meant to be testimonial for future projects From Surinder Singh in Sydney MALAYSIAN-LISTED property developer Asia Pacific Land Berhad (APLB) is all set to release its first residential property development in Australia. The project, marinaone, is a 78-unit
      418 words
    • Article
      Lock icon Swire says response to Wanchai sale good
      351 4 40 unite of St&rCrest residential development sold Reuters [HONGKONG] Swire Pacific Ltd's Swire Properties said yesterday it received good responses in a private sale of its Star Crest residential development in Wanchai and had sold 40 units in the project. The lowest price
      Reuters  -  351 words
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      183 4 Group BT-02 Political Watch BRBSWatch Subscribe NOW to both IPW and IBW and receive a 45% discount Fax a copy of this ad and your business card to (62-21) 572 7329 or e-mail: ipwl castleasia.com for more information and a free copy of both Newsletters §The Golden Gate University Executive
      183 words
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      175 4 PRIME FACTORY SPACE FOR LEASE Centrally located within Ang Mo Kio Industrial Estate Floor Area: Approx. 50,000 sq ft Suitable for Clean Light Industries Very Attractive Rental Package Available in April 1999 Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tel: 224 8181 Fax: 532 0157 PRIME INDUSTRIAL
      175 words
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      35 4 The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799 CATS. Buy h. SeD H. Find it.
      35 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon China issues tough new rules for finance firms
      615 5 Report says moves aimed at Itics; SAP cuts ratings of Citic and four state banks AFP [SHANGHAI] China yesterday put into force a tougher set of rules to control its financial institutions especially unruly trust and investment firms as Standard and Poor's
      AFP  -  615 words
    • Article
      Lock icon Jakarta to disclose blacklist of bankers who fuelled crisis
      266 5 Reuters, AFP [JAKARTA] Indonesia plans to release details shortly on bankers accused of fuelling the crisis in the financial sector, Finance Minister Bambang Subianto said yesterday. The details, expected to be released in the next two weeks, would include names of
      Reuters,; AFP  -  266 words
    • Article
      Lock icon Stable yuan marks a good beginning for the year, says China
      376 5 Report says factors supporting the nnit are still valid Bridge News [HONGKONG] China has called a slight strengthening in the yuan against the US dollar, to 8.2778 at the end of January from 8.2786 at the end of 1998,
      Bridge News  -  376 words
    • Article, Illustration
      Lock icon Stocking up for free
      71 5 [TOKYO] A Japanese family paying with shopping vouchers to buy groceries at a supermarket in Tokyo yesterday. Each eligible person children under the age of 15 and low-income Japanese over the age of 65—is entitled to 20,000 yen (SS2B9) worth of coupons. The coupons, each worth
      AFP  -  71 words
    • Article
      Lock icon Sakakibara sees Japan recovery in mid-99
      337 5 Bloomberg [TOKYO] Japanese Vice-Fi-nance Minister for International Affairs Eisuke Sakakibara said the Japanese economy will begin to recover from recession in mid--1999. "The Japanese financial crisis is about to be over," Mr Sakakibara said. "The economy will turn around towards the middle of 1999."
      Bloomberg  -  337 words
    • Article, Illustration
      Lock icon Weakening yen won't hurt Asia: Fischer
      363 5 Bloomberg [TOKYO] The International Monetary Fund's first deputy managing director Stanley Fischer said the yen could weaken further against the US dollar without seriously hurting other export-depen-dent Asian nations. Mr Fischer, speaking yesterday at a World Bank-spon-sored symposium on global finance and development in
      Bloomberg; REUTERS  -  363 words
    • Article
      Lock icon Mahathir urges Japan to sell US bonds
      282 5 AFP [TOKYO] Malaysian Premier Mahathir Mohamad urged Japan to sell its US bonds and attacked his sacked deputy as a populist craving foreign praise, in a newspaper article published here yesterday. "In a bipolar world, capitalist countries had to be friendly or we
      AFP  -  282 words
    • Article
      Morgan Stanley still monitoring M'sian market
      384 5  -  It says performance of market not same as 'investibility' From Diana Oon Abdullah in Kuala Lumpur MORGAN Stanley Capital International (MSCI) is still monitoring the "investibility" of Malaysia's stock market before deciding whether to re-include the country in its free market indices, a company
      384 words
    • Article
      Lock icon M'sia's outlook has improved after govt measures: CSFB
      468 5 Bernama [KUALA LUMPUR] Malaysia's economic outlook has improved significantly in response to the government's policy measures implemented in accordance with the National Economic Recovery Plan (NERP), says Credit Suisse First Boston (CSFB) in its issue of Malaysia Report (Feb 99). "We cannot
      Bernama  -  468 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Former IGP had to be restrained by two officers
      746 6 INQUIRY INTO ASSAULT ON ANWAR Video camera monitoring cell not working at time of attack: witness AFP [KUALA LUMPUR] Malaysia's former police chief had to be restrained by two other officers when he beat up ousted deputy premier Anwar Ibrahim after
      AFP; REUTERS  -  746 words
    • Article
      Lock icon How big a political blow will Dr M suffer?
      649 6 MEWS ANALYSIS Not clear if PM would be badly damaged by fallout, say diplomats Reuters (KUALA LUMPUR] An admission by Malaysia's former police chief that he beat sacked finance minister Anwar Ibrahim in detention is a political blow to Prime Minister
      Reuters  -  649 words
    • Article
      Lock icon Umno hit by three defections ahead of Sabah polls
      273 6 KOTA KINABALU Senior members qnit to join opposition party Bersekntn AFP THE ruling United Malays National Organisation (Umno) of Prime Minister Mahathir Mohamad was rocked by defections yesterday ahead of elections in the eastern state of Sabah. Three senior Umno officials
      AFP  -  273 words
    • Article, Illustration
      Lock icon Ten more die as fresh clashes erupt in Ambon
      365 6 AMBON Reuters AT least 10 people were killed as new clashes between Christians and Muslims rocked Indonesia's scarred island of Ambon, witnesses and officials said yesterday. Six people were tortured to death after clashes with machetes and spears broke out late
      Reuters; REUTERS  -  365 words
    • Article
      Lock icon Indon jobless hits 17%; poverty claims 40%
      175 6 JAKARTA Reuters UNEMPLOYMENT in Indonesia hit 15.4 million people or 17.1 per cent of the workforce in 1998, while the number of poor people rose to 40 per cent of the population, President B J Habibie said yesterday. The unemployment figure was lower
      Reuters  -  175 words
    • Article
      Lock icon Vote for our parly, Indon Muslim leader tells followers
      234 6 JAKARTA Reuters THE leader of Indonesia's largest Muslim group Nahdlatul Ulama (NU) has ordered his followers to vote for the group's political party in the June election, local newspapers reported yesterday. "The economic crisis will be solved by our National Awakening
      Reuters  -  234 words
    • Article
      Lock icon Habibie wants E Timor decision by June
      326 6 SYDNEY Reuters, AFP INDONESIAN President B J Habibie wants East Timor to decide on the question of autonomy before national elections on June 7, Australian Foreign Minister Alexander Downer said yesterday. Mr Downer said an "autonomy package" could be finalised during the next
      Reuters,; AFP  -  326 words
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      590 7 A 20% BONUS! IT'S ENOUGH TO MAKE YOU WANT TO LEAVE THE COUNTRY. ''v To be perfectly honest, that's the This means that 20,000 Asia Miles earned on your f/! entire idea: Adios. Ciao. Arrivederci. Citibank Cathay Pacific Visa gives you 24,000 Asia Miles Sayonara to the same old same
      590 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon 12 top-level China leaders punished for graft: report
      283 8 BEIJING AFP CHINA punished 12 leaders at the highest level for graft during the course of last year, official media reported yesterday. "Of the 158,000 communist party members who were penalised by the end of December 1998, as many as 5,357 were
      AFP  -  283 words
    • Article
      Lock icon Stable yuan vital, says Albright
      250 8 BEIJING AFX-Asia UNITED States Secretary of State Madeleine Albright said yesterday China's refusal to devalue the yuan in the face of the Asian financial crisis is "very important" and called for greater economic cooperation between Washington and Beijing. "It is very important that China has
      AFX-Asia  -  250 words
    • Article, Illustration
      Lock icon China's big clean-up
      58 8 [BEIJING] Chinese workers using a high-pressure hose to blast dirt off a giant pillar of the Great Hall of the People here yesterday. China's Parliament is set to °w^ n^ui^Us^ re th on FridQy a fi er voting in Premier Zhu Rongji and endorsing his ambitious reforms
      REUTERS  -  58 words
    • Article, Illustration
      Lock icon Albright has blunt words for China on its human rights
      583 8 BEIJING Foreign Minister Tang says issue is no excuse for wanton interference Reuters THE United States and China clashed over human rights yesterday as US Secretary of State Madeleine Albright kicked off talks with Chinese leaders with a blunt exchange
      Reuters; AFP  -  583 words
    • Article
      Lock icon Biggest Y2K test for China stocks industry
      139 8 BEIJING Reuters CHINA'S securities industry has concluded its largest millennium test on its computers, the China Securities newspaper said yesterday. The Feb 10-13 test covered more than 2,000 securities broking offices around China and the computer system used to trade stocks, treasury bills
      Reuters  -  139 words
    • Article
      Lock icon Defence not biggest item on Taiwan Budget
      407 8 TAIPEI Spending plan draft shows slight rise in overall Budget Reuters TAIWAN proposed a slight Budget rise to close out the 20th century and, for the first time, defence no longer represents the biggest chunk of the island's spending, a detailed report showed
      Reuters  -  407 words
    • Article
      Lock icon China to open more fields to foreign direct investment
      255 8 BEIJING Reuters CHINA will open up new areas of the economy to foreign direct investment this year, the official China Daily newspaper said yesterday. While investment policies would remain unchanged, China would open up more fields to foreign investors, the newspaper
      Reuters  -  255 words
    • Article
      Lock icon Beijing to woo MNCs with preferential rules
      253 8 BEIJING Guangzhou, Shanghai, Tianjin mapping out plans AFP CHINA'S capital city, Beijing, is to unveil new rules aimed at wooing multinational corporations to set up their regional headquarters here, the official media said yesterday. Aside from a 3 per cent local income tax
      AFP  -  253 words
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  • FOCUS: HONGKONG BUDGET PREVIEW
    • Article, Illustration
      Lock icon HK's tough high-wire Budget
      995 9  -  The Financial Secretary will have to balance the needs of those hit by the recession with falling government revenues Reports by Loh Hui Yin The writer is BT's Hongkong correspondent [HONGKONG] IT may be the Year of the Rabbit, but Donald Tsang will be hard-pressed to
      Source: Credit Sunrise First Boston; FILE PHOTO  -  995 words
    • Article
      Convincing case for tax on consumption
      756 9 HE could wean itself off property sector; tax on luxury items would be fair SHOULD Hongkong revamp its fiscal system so as to less- en Us heavy reliance on revenue from land sales? Would a consumption tax generate a more stable revenue stream, as
      756 words
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      52 9 VansWorldwide sensor. Being alert to global trends prepares you for the impact they will have locally. The International Herald Tribune detects the early warning signals and ident.f.es the opportunities and the threats. Straight and to the point. Pick up your copy right away. It's never too early. THE WORLD'S DAILY
      52 words
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  • ASIA
    • Article, Illustration
      Lock icon India cuts interest, plans to relook monetary policy
      539 10 NEWDELHI Central bank lowers rate to banks by 1 pt to 8% after finance minister's remarks Reuters THE central Reserve Bank of India cut the rate at which it lends to commercial banks yesterday after Finance Minister Yashwant Sinha said that his
      Reuters  -  539 words
    • Article
      Lock icon One in three big Aussie firms hit by cybercrime
      433 10 SYDNEY Polk Most attacks random and come from within company AFP CYBERCRIME is fast becoming a disturbing trend among Australia's largest companies, with one in three falling victim to unauthorised computer hacking last year, a survey has found. Most attacks are
      AFP  -  433 words
    • Article, Illustration
      Lock icon Fishermen's fiery protest
      59 10 [PUSAN] About I,oooSouth Korean fishermen setting a Japanese flag on fire during a protest rally yesterday against a fishery pact signed here in January between Seoul and Tokyo. The protesters, who also gathered to commemorate the 80th anniversary of Korea's independence movement against Japanese colonial rule, said
      REUTERS  -  59 words
    • Article
      Lock icon Japan's EPA chief suggests raising sales tax
      374 10 TOKYO Bloomberg, Bridge News JAPAN S chief economic planner Taichi Sakaiya said Japan may have to increase the national sales tax to reduce its budget deficit. "We have to choose between raising the sales tax or increasing income tax," Mr Sakaiya said yesterday
      Bloomberg,; Bridge News  -  374 words
    • Article
      Lock icon Aussie tax reforms will lure investors, says Howard
      290 10 CANBERRA Bloomberg AUSTRALIAN Prime Minister John Howard said he is hoping reforms to the country's tax rules, such as making it easier to trade securities, will lure more investors to Australian shores. Those and other changes are being considered this month by
      Bloomberg  -  290 words
    • Article
      Lock icon Foreign M&As surge to record in Japan: poll
      174 10 TOKYO AFP JAPAN saw a record number of foreign mergers and acquisitions last year, triggered by a crisis in the financial sector, accountants KPMG said in a survey yesterday. Last year, there were 61 foreign acquisitions, up 50 per cent from the
      AFP  -  174 words
    • Article
      Lock icon Aussie trade deficit hits A$1.4b
      270 10 SYDNEY Imports soar on strong growth at home; exports drop Bloomberg AUSTRALIA'S trade deficit hit a record in January, tripling to Asl.4 billion (Ssl.s billion) as slower global economic growth crimped demand for exports ranging from aluminium to zinc. At the same time, brisk demand
      Bloomberg  -  270 words
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      31 10 EXECUTIVE Xtfestyfc Dont leave '0 r the office i h/1 i. without them ■■-fa',%/r J. VIUYW/U Ever y Fr i<toy... in THE BUSINESS TIMES. y Must reading for your long weekend.
      31 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Euro weakness normal devt: ECB vice-head
      688 11  -  SINGAPORE Monetary transition a success, unit to take on bigger role in international finance By' Vikram Khanna THE recent weakening of the euro against the US dollar is "a normal development", the vice-president of the European Central Bank (ECB) said yesterday. Christian Noyer, speaking
      AFP  -  688 words
    • Article, Illustration
      Lock icon Blind to the Kurdish cause?
      62 11 [ATHENS] Greek university students blindfolding the statue of a Greek historical figure in central Athens ahead of a six-hour concert in solidarity with the Kurdish cause which was to be held at Syntagma Square yesterday. Students have set out to blindfold all statues in central
      REUTERS  -  62 words
    • Article
      Lock icon Banks split as Chase accepts Russian rouble bond offer
      356 11 MLONDON The move follows a similar step by Deutsche Bank Reuters RELATIONS between Russia's foreign creditors were in disarray yesterday as Chase Manhattan became the second foreign bank to agree to restructure some frozen rouble bonds on controversial Russian terms. Banking
      Reuters  -  356 words
    • Article
      Lock icon Bonn snubs Paris demands for pause in talks as EU farm row deepens
      254 11 BRUSSELS AFP A FRANCO-GERMAN row over the future of EU agricultural policy deepened yesterday when Bonn brushed aside demands from Paris for a pause in negotiations aimed at overhauling the multi-bil-lion-euro programme of subsidies to farmers. The
      AFP  -  254 words
    • Article
      Lock icon Monica could 'gladly kill' Tripp: author
      230 11 LONDON AFP MONICA Lewinsky so hates Linda Tripp, the woman who revealed Ms Lewinsky's affair with President Bill Clinton, that she could "gladly kill" her, Andrew Morton, the biographer of the former White House intern, said in yesterday's edition of The Mirror tabloid. "She
      AFP  -  230 words
    • Article
      Lock icon WTO pact on opening up financial sector kicks in
      191 11 GENEVA AFP AN accord marking a turning point in liberalisation of trade in financial services took effect yesterday, more than a year after 71 countries agreed to the deal at the World Trade Organisation. The pact widens market access in banking,
      AFP  -  191 words
    • Article
      Lock icon US industry in good shape in Feb with firm pick-up
      512 11 WASHINGTON Personal incomes rise in Jan as spending slows Reuters, Bloomberg US manufacturing expanded in February for the first time in eight months as production, orders and exports all rose, industry figures showed. Manufacturing hiring also picked up after a
      Reuters,; Bloomberg  -  512 words
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      132 11 SONY "Hp Briggs* your board meeting with London, New York and Paris As in 5 minutes/* sBF' -gHSfefc |i Introducing the SonyTrinicom 5100 Systemyj^Hj^^ Your multi-site video conferencing solutioi^J^^W When the world is your office gives you the windows look and feel. and you need to in more than remote
      132 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon You, too, can be another Amazon.com
      793 12  -  THE BOTTOMLX2VE OPINION By Thomas Friedman The writer is a New York Times columnist NYT TESTIFYING before Congress last Tuesday, US Federal Reserve governor Alan Greenspan wouldn't exactly come out and say that there was a little irrational exuberance behind some of the Internet
      NYT  -  793 words
    • Article
      IN OTHER WORDS
      153 12 'We've successfully predicted 14 of the past six financial crises.' Stanley Fischer the International Monetary Fund's No 2 official, joking about how the fund often detects signs that a crisis is brewing, only to discover later that the crisis never arrives. 'If you buy a Big Mac
      153 words
    • Article
      Asia must guard against biopirates
      610 12 EDITORIAL ASIAN governments are racing to complete the passage of laws before the year-end to fulfil their obligations under the agreement on Trade-Related Aspects of Intellectual Property Rights (Trips). By January next year, all World Trade Organisation (WTO) members should offer a common standard of
      610 words
    • Article, Illustration
      Lock icon Talk of new financial system is a lot of hot air
      1258 12  -  Problems plague every new design suggested for a global financial framework By David Sanger NYT THE International Monetary Fund (IMF) is often described as the rapid-response team for global financial crises, monitoring the financial health of 182 nations and
      NYT; FILE PHOTO  -  1,258 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      863 12 fUMMo'i ♦•mwjphflMciill HESITATION from legislators of Indonesia's House of Representatives to question President B J Habibie over his alleged tapped telephone conversation with Attorney General Andi Ghalib again reveals how out of step our legislature is with the public. The controversial recording was first publicised by
      863 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Top fashion names abandon UK
      471 13 FASHION Designer raps British Fashion Council for failing to draw serious buyers AFP [LONDON! London's ambitions to break into the world fashion industry have suffered a blow, as leading fashion designers from Britain desert the British capital for New York and other more high-profile venues.
      AFP; FILE PHOTOS  -  471 words
    • Article, Illustration
      Lock icon A 'Viagra' for the modern older woman
      1046 14  -  Herbal doctor makes sex pill for menopausal women, bradeh redd&ll finds out more BRADEN REDDALL Reuters Ageing lovers seeking a second lease on their sex lives may find it at a one-stop shop in the southern Irish county of Cork. Already home to
      Reuters; FILE PHOTO  -  1,046 words
    • Article, Illustration
      Lock icon Y2K bug: Americans urged to stock up
      467 14 COMPUTERS They should be prepared in case vital services are cut off, say US senators Reuters (WASHINGTON] Americans should prepare for the year 2000 computer bug like they would a hurricane, by stocking up on canned food and bottled water in case vital
      Reuters; FILE PHOTO  -  467 words
    • Article, Illustration
      An historic shot for the league
      727 14 CITIBANK/BT GOLF LEAGUE SPH team member Victor Khoo makes first hole-in-one of his golfing career [SINGAPORE] The third leg of the Citibank/Business Times Corporate Golf League was made even more memorable by the performance of SPH team member Victor Khoo who chose that day
      727 words
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      429 13 Where to wine, dine and @>gsS£r 3H»ss« JT BRUNCH I i I >52.00«- PER APOLT k I WITH FREE-FLOW OF CHARLES I I CHAMPAGNE. REP WHITI WINE, r praught tiger peer anp FRESH FRUIT JUICES I >2S 50— PER CHILP I I WITH FREE-FLOW OF SOFT PRiNkfS I I PAOLOPING'S
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      119 13 2-13 March '99 Fu Acrobatic ■F/ \*]M Troupe W 9 performance d§ fi 2-4 March *99 I I INAKV ■pni' r N w IJ Reservations: H«l 224-3203 "■> Otm*~Umm Hmm. CMwr An Unparalleled Buffet at j2n&* s Parratt it raady ta ptmpar yea with buffet that liat a bland af
      119 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      821 13 CRYPTIC CROSSWORD ACROSS in doorway (8) 26 So-called lion-man running Greek character (7) 29 Lavish with one's drink in vance for show (9) YESTERDAY'S SOLUTION time (9) 13 Derides reforms when asked DOWN < 7 > iTI wxiin^l O 15 Person answering a note with ■cUstrfolnfflTTSTlrSTfSl 2 Tripe so prepared
      821 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      201 14 Solid waste removal Bulky waste removal Mechanical sweeping of roads, parks, industrial parks, large paved areas and car-parks Sale and rental of a wide range of refuse bins Sale and rental of mechanised waste storage and handling equipment Sale and rental of the (ireen Machine, a ride-behind sweeper from the
      201 words
Page thumbnail Page 15
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Hong Leong keen on JC-MPH founding family's 55% stake?
      334 15  -  QL group said to have offered to bay stake; spokesman declines comment Byl Conrad Raj [SINGAPORE] The Hong Leong group is said to have offered to buy the 55 per cent stake in Jack Chia-MPH owned by the founding Chiarapurk family.
      FILE PHOTO  -  334 words
    • Article
      OCBC (M'sia) profit plunges 75%; NPLs quadruple to 14.4% from 3.4%
      468 15  -  Provisions rise 233% to RM437m, cover 78% of M'sia NPLs By\ Siow Li Sen [SINGAPORE] OCBC (Malaysia) posted a 75 per cent drop in net profit for 1998 to 51 million Malaysian ringgit (5523.1 million), savaged by a 233
      468 words
    • Article
      OCBC Bank's big leap forward in transparency
      724 15  -  hock lock siew Catherine Ong T|HE new spirit of transparency at OCBC Bank, regarded by many as Singapore's most secretive financial institution, was simply staggering. It's no exaggeration to say that the avalanche of disclosures that greeted journalists at the bank's press conference
      724 words
    • Article
      LFD ups offer price for Inchcape Marketing to $1.10
      427 15  -  It wants to ensure over 90% acceptance and hence delisting By, Ang Wan May [SINGAPORE] Li Fung Distribution Singapore (LFDS) has upped the stakes in its bid to take Inchcape Marketing Services (IMS) private, following market feedback that its offer price
      427 words
    • Article
      Still no audited statements from Vikay units
      283 15  -  By\ Edmund Loh [SINGAPORE] Vikay Industrial, reported last month to be in talks with a white knight, may face a new obstacle to any rescue plan. In their statement yesterday, the company's three judicial managers said Vikay had still not received the audited
      283 words
    • REGIONAL COMPANIES
      • Article
        Gul Tech profit surges 23%, beating analysts' forecasts
        503 16  -  COMEBACK BT ELECTRONICS FIRMS Group escapes worst of regional crisis as 75% of sales come from outside S-EA By. Annette Pau [SINGAPORE] Local printed circuit board maker Gul Technologies yesterday posted a better-than-expected 23 per cent gain in net earnings to $15.3
        503 words
      • Article, Illustration
        Lock icon Serial unveils 1-for-3 bonus as H1 net doubles
        453 16  -  68% of $4.4 m interim earnings from associates By, Jennifer Lien [SINGAPORE] Sesdaq-listed chip distributor Serial System yesterday said its net profit for the half year ended December doubled to $4.4 million, and announced a one-for-three bonus issue. This compares with a
        ARTHUR LEE  -  453 words
      • Article
        See Hup Seng wins China deal
        212 16 [SINGAPORE] Sesdaq-listed See Hup Seng yesterday said it would become the sole distributor of Airman compressors in China a business which will account for 10-15 per cent of its turnover and bottom line in the first year. In an agreement with Japan's Hokuetsu Industries,
        212 words
      • Article
        Mount E in venture with psychiatric specialist
        134 16 [SINGAPORE] Parkway Holdings' wholly-owned subsidiary Mount Elizabeth Hospital has agreed to form a 50-50 joint venture with behavioural health and psychiatric services specialist, Charter Advantage. The venture, which will have an initial paid-up share capital of $200,000, will operate an in-patient behavioural health
        134 words
      • Article
        Amtek improves interim net by 37% to $9.7m
        284 16  -  It cites move into sab-assembly, growth in M'sia By David Boey [SINGAPORE] Metal stamping specialist Amtek Engineering said yesterday that its interim net earnings rose 37 per cent to $9.69 million as most of its subsidiaries recovered from the effects of the
        284 words
      • Article
        Lock icon Stolthaven not making offer for Dovechem
        137 16 AFX Asia [SINGAPORE) Dovechem Terminals said Stolthaven Asia Pacific BV will not make a general offer for Dovechem despite its stake rising to 26.86 from 24.99 per cent. Quoting a statement from Stolthaven, Dovechem Terminals said the Securities Industry Council has granted Stolthaven a
        AFX Asia  -  137 words
      • Article
        SingTel margins intact thanks to US regulator: Hsien Yang
        573 16  -  US actions help Sing Tel bring down settlement rates By Teh Hooi Ling [SINGAPORE] Singapore Telecom's operating margins for international calls have remained healthy despite its numerous rounds of rate cuts thanks to the US telecoms regulator, said its chief executive
        573 words
      • Article
        Laura Ashley won't go private: MUI
        235 16  -  From Ruth Wong in Kuala Lumpur DIVERSIFIED Malayan United Industries (MUI) yesterday said it had no plans to turn listed UK fashion group Laura Ashley Holdings pic into a private company. MUI, which is Laura Ashley's largest shareholder, was responding to a query by
        235 words
      • Article
        Lock icon NST shares fall 5.6% on news of first job cuts ever
        292 16 Bloomberg [KUALA LUMPUR] New Straits Times (M) Bhd shares slumped 18 sen, or 5.6 per cent, to 3.02 Malaysian ringgit yesterday, its biggest oneday percentage fall since Feb 8 as Malaysia's biggest publisher said it plans to slash as
        Bloomberg  -  292 words
      • COMPANY Briefs
        • Article
          ST Computer names deputy CEO
          29 16 [SINGAPORE] ST Computer Systems Services has appointed Lim Liat its deputy chief executive officer. Mr Lim, 47, has been with ST Computer since 1978.
          29 words
        • Article
          Seksun to sell AMK property for $4.6m
          61 16 [SINGAPORE] Seksun Precision Engineering has agreed to sell its property at Ang Mo Kio Industrial Park to Tong Tien See Construction for $4.6 million. The net book value of the property was $6.85 million as at Dec 31 last year. Seksun also announced
          61 words
        • Article
          Biztrack uses one Wee Poh option
          54 16 [SINGAPORE] Biztrack Associates has exercised only one of three options to buy Wee Poh Holdings shares the one given by Lee Kok Swee, for six million shares. The options from Tan Kim Liong and Lim Kiang 800, for a total of 34.82 million shares,
          54 words
        • Article
          Eastern Pub net down 11%
          96 16 [SINGAPORE] Eastern Publishing has posted an 11.2 per cent fall in group net earnings to $1.12 million for the year ended Dec 31 last year. Group turnover dropped by 15.7 per cent to $12.6 million due to the "weak economic climate" in both Singapore and
          96 words
        • Article
          HBM Print director quits
          15 16 [SINGAPORE] Chew Heng Ching has resigned as an HBM Print director.
          15 words
        • Article
          Changes on Tuan Sing board
          37 16 [SINGAPORE] Liem Mei Fung and Khoo Chin Inn have resigned as Tuan Sing Holdings directors. Chow Kok Kee, William Susanto Nursalim and Lei Huai Chin were appointed directors with effect from yesterday.
          37 words
        • Article
          San Teh unit finance manager
          54 16 [SINGAPORE] San Teh has appointed Su Ti Sung finance general manager of San Teh Xing (China) Group with effect from yesterday. A Taiwan citizen, Mr Su has also been made financial controller ofFujian Longyan Santeh Cement Building Materials Industry Co Ltd, an 81.57 per cent
          54 words
      • Article
        Pantai Hldgs sitting on paper losses of more than RM260m
        523 17  -  Losses arise from fall in share prices of its Tongkah, PhileoLand stakes From] Ruth Wong in Kuala Lumpur PANTAI Holdings, controlled by Mokhzani Mahathir, is sitting on paper losses worth more than 260 million Malaysian ringgit (*****.9 million) from its
        523 words
      • Article
        Sime Bank sues Repco over defaulting on loan payments
        405 17  -  Repco says it has filed its defence and counter-claims FYom Eddie Toh in Kuala Lumpur SIME Bank, which suffered huge losses last year due to its aggressive lending policy, has finally taken action against a major borrower Repco Holdings, a company
        405 words
      • Article
        First Pacific profit up 70% thanks to exceptional
        551 17  -  Higher figure on sale ofHagemeyer, non-core units From Quak Hiang Whai in Hongkong FIRST Pacific Company Limited, the Hongkong-listed conglomerate of Indonesia's Salim Group, yesterday reported a 70 per cent jump in net profit, thanks to its massive asset disposal exercise last
        551 words
      • Article, Illustration
        Lock icon Free for all at HK Telecom promotion
        87 17 [HONGKONG] A woman being crushed while receiving her free "lunch bag" in a promotion by Hong Kong Telecom yesterday. A ferocious rrwbile telephone price war began yesterday as users are permittedfor the first time to switch networks without changing their existing numbers. Service
        AFP  -  87 words
      • Article, Illustration
        Lock icon Sing Tao seeks details from Aw on sale to HK Sunrise
        320 17 Reuters [HONGKONG] Sing Tao Holdings said yesterday that it was seeking details from its chairman Sally Aw and Hong Kong Sunrise Holdings about a possible sale of her 23 per cent stake in the publishing company to a consortium.
        Reuters; FILE PHOTO  -  320 words
      • Article
        Lock icon Shangri-La to consider sale of non-core assets
        264 17 AFX-Asia (HONGKONG) Shangri-La Asia Ltd will consider selling non-core businesses including its Shanghai Centre to help reduce operating costs, the Hongkong Economic Times reported. The report quoted company vice-chairman Thaddeus Beczak as saying that the company does not expect to raise funds for
        AFX-Asia  -  264 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Indofood seen profitable in '98, doing better in '99
        626 18 Maker of instant noodles will have to sell Bogasari mill under monopoly law Reuters [JAKARTA] Indonesia's food companies have been hit by the country's economic crisis, but giant PT Indofood is still expected to return to profit in 1998 and to
        Reuters; FILE PHOTO  -  626 words
      • Article
        Lock icon Citic Pacific and HKR jump on talk of Lantau as Disney park site
        392 18 AFX-Asia [HONGKONG] HKR International and Citic Pacific shares were sharply higher on rumours that the financial secretary will announce Lantau as the site for the development of a Disneyland theme park, dealers said. Citic Pacific shares gained
        AFX-Asia  -  392 words
      • Article
        Lock icon Sony to unveil details of PlayStation successor
        213 18 Bloomberg [TOKYO] Sony Corp will today reveal the technical specifications for the successor to the Play Station as it moves to extend the lead built up by the world's best-selling home video game since its release in December 1994. Sony's video game unit
        Bloomberg  -  213 words
      • Article
        Lock icon Fujitsu halves group net profit forecast to 20b yen
        475 18 Stronger yen, lower telecoms equipment orders blamed Bloomberg [TOKYO] Fujitsu Ltd, one of the world's largest computer companies, more than halved its group profit forecast, citing the stronger yen and a drop in orders for mobile phones and other telecommunications equipment.
        Bloomberg  -  475 words
      • Article
        Lock icon Compaq warns Q1 sales below forecast
        190 18 Reuters (NEW YORK] Compaq Computer warned of weaker-than-expected demand for its PCs, the Wall Street Journal reported yesterday. The world's largest personal computer maker said sales for the first quarter are below its projections due to weakness in North America and Europe. The company
        Reuters  -  190 words
      • Article
        Lock icon Taiwan's ASE to buy major stake in Universal
        409 18 It will pay NTs3.7b to control maker of computer parts Bloomberg [TAIPEI] Advanced Semiconductor Engineering Inc. the world's No 2 chip packager, said it will pay about NT$3.7 billion (*****.8 million) for control of Universal Scientific Industrial Co. ASE said it will
        Bloomberg  -  409 words
      • Article
        Lock icon BNP H2 profit up by better than expected 20% on asset sales
        359 18 Bloomberg [PARISJ Banque Nationale de Paris, France's third largest bank, indicated second-half profit rose 20 per cent, more than expected, as sales of investments and a stronger French economy offset money put aside for bad debts. Second-half profit
        Bloomberg  -  359 words
      • COMPANY Briefs
        • Article
          Lock icon Hoechst seals paints unit sale to DuPont
          74 18 AFP [FRANKFURT] German pharmaceuticals group Hoechst yesterday said it had finalised the sale of its paints and coatings unit Herberts to American group DuPont for 1.60 billion euros (Ss3 billion). The two groups had signed the agreement in October and the deal can
          AFP  -  74 words
        • Article
          Lock icon Hays to spend £200m on acquisitions
          70 18 Reuters [LONDON] Ronnie Frost, the chairman of acquisition-hungry Hays pic, yesterday said the British support services company planned to spend more than £200 million (Sssso million) on European purchases this calendar year. The group, which earlier posted a 20 per cent rise in half-year
          Reuters  -  70 words
        • Article
          Lock icon Mitsubishi Chem sees 27b yen loss
          83 18 AFP [TOKYO] Japan's Mitsubishi Chemical Corp yesterday forecast losses in the year to March 31, as sales slumped amid a biting recession. It projected a consolidated pre-tax loss of five billion yen (Ss72 million) and a net loss of 27 billion yen. The company
          AFP  -  83 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon MCI's US$6.5b expansion has focus on Asia
        351 19 Bloomberg [HONGKONG] MCI WorldCom will spend US$6.5 billion (Ssl 1.2 billion) this year to expand globally and plans to bolster its presence in Asia, where nations are beginning to open state-controlled telecommunications industries. John Sidgmore, vicechairman of the No 2 US long-distance company,
        Bloomberg  -  351 words
      • Article
        Lock icon BNP profit up 23% despite higher provisions
        224 19 AFP [PARIS] Banque Nationale de Paris (BNP) said yesterday its net profit rose 22.6 per cent in 1998 to 1.1 billion euros (Ss2.l billion) despite a 16 per cent increase in provisions, chiefly for risky loans in emerging markets. The bank said that
        AFP  -  224 words
      • Article
        Lock icon Top tech firms plan to devise Net link for home appliances
        550 19 Security, energy management and healthcare services to be delivered to homes over the Net Reuters [NEW YORK] A global alliance of 13 computer, phone and electric utility companies was to unveil yesterday plans to forge a common software method
        Reuters  -  550 words
      • Article
        Lock icon Govt committed to plans to sell rest of Telstra, says Howard
        428 19 More competitive telecommunications system will result Bloomberg AUSTRALIA'S Prime Minister John Howard said his government won't back away from plans to sell its remaining two-thirds stake in Telstra Corp, Australia's No 1 telecommunications company. "We remain very strongly committed
        Bloomberg  -  428 words
      • Article, Illustration
        Lock icon Canary Wharf to launch IPO later this month
        349 19 Reuters, Bloomberg [LONDON) British commercial property developer Canary Wharf Ltd said yesterday it will launch a massive initial public offering on the London Stock Exchange. Canary Wharf said the issue of shares which property sources say is likely to value the company
        Reuters,; Bloomberg; FILE PHOTO  -  349 words
      • Article, Illustration
        Lock icon Mirror rejects £950m takeover bid from Trinity
        360 19 But it is in talks with the publisher of Yorkshire Post Bloomberg [LONDON] British national newspaper company Mirror Group Pic yesterday rejected a £950 million (552.6 billion) takeover approach from Trinity Pic, the country's largest regional newspaper group. Trinity said any offer, subject
        Bloomberg; Source: Bloomberg  -  360 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Hutchison Whampoa to launch 500m euro bond
        183 20 Bridge News [HONGKONG] The 500 million euro-denominated (*****.6 million) eurobond for Hongkong-based conglomerate Hutchison Whampoa Ltd will be launched today or tomorrow from a number of locations throughout Europe, a source close to the deal confirmed yesterday. HSBC Markets and Deutsche Bank are
        Bridge News  -  183 words
      • Article
        Lock icon CNOOC cuts costs to offset low oil prices
        188 20 Reuters [SINGAPORE] China National Offshore Oil Corporation (CNOOC) is taking drastic steps to trim crude production costs to below US$lO (5117.30) per barrel, company officials said yesterday. Key measures include a 10 per cent cut in the wages of its 28,000 current
        Reuters  -  188 words
      • Article, Illustration
        Lock icon HK bourse keeps mum on report of merger
        491 20 Tie-up with futures exchange to be announced tomorrow: report Bloomberg [HONGKONG] The Stock Exchange of Hong Kong yesterday declined to comment on a report that said Hongkong may announce the merger of its stock and futures exchanges tomorrow. Spokesman Henry Law, however,
        Bloomberg  -  491 words
      • Article
        Lock icon Shell S'pore to cut output by 11%
        93 20 Bloomberg [SINGAPORE] The Royal Dutch/Shell Group, Singapore's largest oil refiner, said yesterday it would reduce production at its Singapore refinery by 11 per cent in March, citing "expected market conditions". The company would not elaborate further. Shell said it will run its oil
        Bloomberg  -  93 words
      • Article, Illustration
        Lock icon M'sia banks face lower profits for next two years
        468 20 E&Y director sees tougher competition for banks Bernama [KUALA LUMPUR] Major banks operating in Malaysia may go through a period of thinning profits for another two years before registering growth again, says Raymond Kwong, executive director of Ernst Young. Although they
        Bernama; FILE PHOTO  -  468 words
      • Article
        Lock icon London exchange plans first step to tie-up with Frankfurt
        369 20 Reports of tension over key issues shrugged off Reuters (LONDON] The London Stock Exchange said on Sunday it was taking the first steps towards its planned strategic linkup with Frankfurt and would send initial proposals on harmonising share trading to banks
        Reuters  -  369 words
      • Article
        Futures contained in tight trading band
        164 21  -  SIMBX Reports MSd Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index was contained in a relatively tight range yesterday. The March contract, which is now the lead month, opened at 209.10. The low price seen yesterday was 207.80. The market edged up
        164 words
      • Article
        Futures slip on banking sector concerns
        172 21  -  MSd Taiwan ftitures Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract feU slightly after fluctuating within a narrow band throughout the whole session yesterday. The March '99 contract opened down following news that First Commercial Bank, one of the big
        172 words
      • Article
        Lock icon Disruption to Iraqi supplies fails to have any impact on prices
        312 21 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed on perceptions that world oil supplies were high enough to overcome a disruption to Iraqi oil exports that Baghdad blamed on US bombing. A pipeline from Iraq to Turkey
        Bloomberg  -  312 words
      • Article
        Lock icon CURRENCY REPORT
        340 21 Reuters, Bloomberg London A MOROSE tone to the US dollar dissipated in afternoon Europe yesterday as dollar bulls began to outnumber bears pushing the US currency to a new life-high versus the euro and towards 120 against the yen. Analysts said the US dollar spent most of the
        Reuters,; Bloomberg  -  340 words
      • Article, Illustration
        Untitled
        1315 21 DfTERBAlCK CROSS RATES Uar k$ C$ Rn»b Euro Ffr Pw HK$ Ind »s Bupiah Yen Won W M2$ Pafc Bs Ptso S$ Rand Sfr WT$ Baht Pound us$ Australia 0.934 6.178 0.563 3.694 1.101 4.795 26.312 54.76® 0.738 7.550 2.352 L183 31.846 24.123 1.067 3.815 0.897 20.422 23.068 0.387 0.619
        1,315 words
      • Article
        Untitled
        1817 21 SICOM FUTURES Marl I ((Mares dosiflq m <t SJOpn) RSS1 CONTRACTS CMtVk?) Close Volume Open Month Htyi Low Sott (tomes) Interest Apr 99 112.50 700 May 99 114.50 925 Jw 99 116.50 300 Jtf/Sep 99 120.00 825 Od/D«c 99 12X50 225 Jen/Mir 00 127.00 RSS 3 CONTRACT (US canteAf) Volume
        1,817 words
    • Article, Illustration
      Lock icon HONGKONG
      1327 22 AFP rl Hang Seng +16L97 SHARE prices rose 1.6 per cent yesterday to breach the psychological 10,000-point level on selective buying of blue chips, dealers said. Michael Ng, deputy managing director of Sassoon Securities, said the gains were notched up partly due to unconfirmed reports of Walt Disney's plan
      AFP  -  1,327 words
    • Article, Illustration
      Lock icon CHINA
      543 22 Reuters PI Shenzhen B Index +OJ9 SHENZHEN'S hard currency B shares ended a touch higher yesterday as domestic buying extended a rally from historic lows that began ahead of the Chinese New Year holiday, analysts said. The B Index climbed 0.19 point, or 0.42 per cent, to 46.04 as
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  543 words
    • Article
      Lock icon TAIPEI
      369 22 AFP nWP Index -G. 27 TAIWAN share prices edged down 0.1 per cent yesterday as buyers were sidelined by political uncertainty ahead of a no-confidence vote against Premier Vincent Siew, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index moved down 6.27 points to 6,312.25. Yesterday's volumes was
      AFP  -  369 words
    • Article
      WORLD STOCK MARKETS
      2296 22 LONDON Industrials Kar l Nik« 31 Group 602.400 -17.600 AB Ports 265.000 -4.000 Abbey National 1191.000 -62.000 AIM Domacq 473.000 -9.000 Allied Zurich 902.000 -19.400 Amec 192.000 *7.600 A »da Group 155.400 -0.200 BAT Ind 580.000 10.600 BG Pic 361.000 -6.400 BICC 83.000 -5.000 BOC Group 823.000
      2,296 words
    • Article
      Lock icon TOKYO
      1603 22 AFP Nikkei 225 -145.79 SHARE prices in Tokyo tumbled one per cent yesterday as the yen's rally against the dollar prompted selling of high-tech and other ex-port-led issues, brokers said. Institutional investors also continued unwinding their holdings as they prepared to close their annual accounts at the end of
      AFP  -  1,603 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        5518 23 INDUSTRIALS Consumer prefects M L#W Com, n 'OOO H^°* V U. Prt iZ 3K) 272 Ajinomoto 272 a i 17, 83 62 Angkasa "f .2 272 272 «0 110.2 io 8 i 2 4s reaTLziza s !22 1lc° ISSEftzzzzS "5 ,1! £j 4°.'? I 2 5 02 '^3 *75 Sgy
        5,518 words
      • Article, Illustration
        Lock icon KL prices fall 2% in thin trading
        370 23 AFP, AFX Asia Opposite Index -10.69 SHARE prices closed 2 per cent lower yesterday amid a general lack of buying interest in the absence of fresh leads, dealers said. The KLSE Composite Index fell 10.69 points to finish at 531.54, while the Second
        AFP,; AFX Asia  -  370 words
    • WARRANTS,OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        1997 24 BONDS, LOANS i WARRANTS m 52-** Lot Vol Day LMl Ouota A«« High Law Stna Company Sato *9f- COOO) Hiqh Law Buyar Sailer Prtca '8 3 3160 'Act W0107HUS; n I I I I to 12 I 35 4.5 3164 Acma ******4 15.5 -0.5 68 16 15.5 15.5 16 15
        1,997 words
      • Article
        UIC warrant: time is a setback
        169 24  -  WARRANT WATCH -By R Sivanithy THE recent play on warrants expiring in 1999 seems to be dying out. There is one exception though United Industrial Corp, which perked up slightly yesterday. A review of its numbers reveals an interesting picture. The UIC warrant expires
        169 words
      • Article
        CLOB INTERNATIONAL
        223 24 UOIUKOM STOCKS Or Cr 52-Wk Ust v<x Day Last Ouot. D4v Dtv YM N«t M Cap High Law Slno Company Sata rOOO) Hlgft Low Buyar Saaar Cw P/t tmM 5123 COL (2000) HK 400 8 2.4 2 20.5 7744.7 5124 Cathay Pac 20c MK_720 265 2.1 7.4 6
        223 words
      • Article
        Lock icon MANILA
        329 24 AFP D Manila -0.78 PHILIPPINE share prices fell marginally yesterday as investors remained cautious amid the absence of any mar-ket-moving developments here and abroad. The Composite Index fell 0.78 point to close at 1,964.27. Turnover fell to <*75.3 million shares worth 811 million pesos compared to 475.9 million shares
        AFP  -  329 words
      • Article
        Lock icon SYDNEY
        616 24 AFP nAn Ordinaries +3L20 SHARE prices gained more than one per cent yesterday as sentiment moved against a near-term rise in US interest rates, brokers said. The All Ordinaries Index closed up 31.2 points, or 1.08 per cent, at 2,911.1. The All Industrials Index surged 65.5 points to 5,274.8
        AFP  -  616 words
      • Article
        Lock icon WELLINGTON
        260 24 AFP n Wellington -32*84 NEW Zealand shares closed almost 1.5 per cent lower in very thin trade yesterday as Telecom Corp weakened after its dividend payout. The NZSE-40 Capital Index fell 32.84 points to 2,166.04 on total turnover value of NZ$49 million of which Telecom stocks accounted for some
        AFP  -  260 words
      • Article, Illustration
        Lock icon JAKARTA
        710 24 AFP n Composite Index +0.24 INDONESIAN share prices closed slightly up in flat trading yesterday amid concerns that a delay in the government's bank restructuring programme would affect international credibility, dealers said. An institutional sales director at a Singapore brokerage called the market "confused" and predicted it would stay
        AFP  -  710 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6299 25 Transaction date: Mar 1 U. H Cr Cr M Wt mlu. L«»t VeJ Day Last Ouote Olv Dtv Yld Net Cap A»« L J»M« Company M> COOOI High Lew Buyer Seller H C'w P/t J mil Price MULTHNBUSTRY 142 17.5 ml 1000 Acm* 50c
      6,299 words
    • Article
      SESDAQ
      1196 25 S2W JW Dd* LddtOiMt. lb Dk W IM Cw A*g W» L— stw Cl«M«> I* COOP) Wfli L— Nt« 1—»r Cw >/l $ST Prte. MANUFACTUNM 2 5. 30 2049 AS Auto 10< 90.5 -2 184 92.5 90 90 90.5 15 N 7 L7 8.5 10X3 90 ,12 J? 2
      1,196 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        348 26 Stocks Volume Uraco HldqslOc 5,781,000 InchMarkt 50c 5,555,000 IPC0W02 4,272,000 SingTel 15c 4,232,000 Uraco Wt02 3,791,000 ST Engg 10c a. 3,665,000 IPCO $1.70 3,359,000 GES Intl Ltd 20c 3,331,000 DBS Land 3,292,000 PSL Hldgs 10c 2,999,000 Stocks SPH 35,520,984 OCBC Foreiqn 20,557,400 SIA Foreign 19,200,833 UOB Foreign 13,066,350 SingTel 15c
        348 words
      • Article, Illustration
        A few blue chips push up index in erratic trade
        589 26  -  STOCK MARKET COMMENTARY Budget leaves no imprint; market lacks direction as volume dips to 101.4 m onits worth $199 Jm By R Sivanithy LOCAL stocks turned in an erratic performance yesterday, with a handful of blue chips pushing the index
        589 words
      • ON THE GRAPEVINE
        • Article
          What it takes to oversee the ECB
          105 26 AT a closed-door lunch yesterday for Christian Noyer, the vice-president of the European Central Bank (ECB), the director of the Institute of Policy Studies Lee Tsao Yuan was in the process of framing a question for Mr Noyer which she intended to begin
          105 words
        • Article
          Read the papers first
          117 26 SOMEONE at Channel News Asia, the new offshoot of TCS, should have checked the script more carefully yesterday. No, we're not referring to what CNA put out in its debut 18 hours' broadcasting, but the speech at the launch ceremony by Kwa Chong Seng, chairman of
          117 words
        • Article
          Poor doctors
          62 26 THE latest salaries survey by Asiaweek has thrown up an interesting nugget. As expected, Singapore has the highest-paid head of government (U5538,695 per month) and finance minister (U5534,414) in Asia. But doctors in Singapore earn less (U552,912) than their counterparts In Malaysia (U553,947), according to the survey. This
          62 words
        • Article
          Serial sender
          67 26 WE received recently an invitation from Serial System to a press conference on its interim results and to preview a "road map towards the new millennium". This is well and good except that Serial System sent us a total of 12 faxes on the event where a single
          67 words
        • Article
          Road maps or road rage?
          72 26 AND talking about road maps, it looks like these management tools are becoming quite the fashion lately among companies intent on giving the thumbs-up to the market and signalling their confidence about where the company is headed. Given the hair-trigger road users we are reading
          72 words
      • Article, Illustration
        HOT STOCK
        67 26  -  By Wong Wei Kong URACO Holdings rose $0.01 yesterday to $0.31 on a volume of 5.78 million shares, compared with its 10-day traded average of 5.78 million units. The daily and weekly RSI and stochastics, as well as the MACD charts, suggest that while there may still be
        67 words
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      114 15 "'"•ftst* i ijjtrrii ■I It I I Ig h h h r i.| -fl -,jMB I Ir m|H| ;2 JjgjMßr I IF mm iHj lijfflß j jMLjll 1 II |§lg||gf ,|,i^fffflfffy«S^ Our design packages start from a competitive price of $30,000 and include: free design consultation project management carpentry work
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      27 17 Classified First. Want more accessories for your car? Or a new set of wheels? The key to it: Check The Straits Times Classified First. [CAT*] B>«li MkFMk
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      96 17 Ktoday©**^#. Ilanhe Zaobao mm* u m n m «M£» We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Caymanlslands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and
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      267 18 Information Technology I 2nd Intake: April '99 UNIVERSITY OF Completion i 18 months I SOUTHERN QUEENSLAND, Further develop IT management skills in telecommunications industry I AUST. project management, decision support systems, etc I "Too University m Distance A^ordab,e course fee payable in easy instalments Education" Ent y Re l uirement:
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      26 19 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. [CAT-Sl Buy ft. Sell ft. Find ft. Another Classified Service
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      221 19 TheßusinessTimes Shipping Times 5 days a week "uur aaugmer was reunited with her dog on the very day the ad appeared!" Mrs Christine Low... Business picked up after we advertised in Classified. It really works!"] Trevor Koh... 'It's no secret that The Straits Times Classified is the key to our
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      39 24 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes v SINOAPORB Buy It. Sell It. Find It. ♦The Thailand and South Korean stock markets were closed yesterday. Wednesdays By Yang Razali Kassim Thursdays ByLuNing Mondays By ViJcram Khanna TheßusinessTimes
      39 words
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      26 25 Was Prabowojiist a fall guy? o)urtri^ils«pi)eal,jailsl)AI > Ml' P WpdllACHilVC Asian View llgL »r Ss 91 p ft vUI AvililCll V O by Yang Razali Kassim TheßusinessTimes
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      468 26 I NOTICES r— To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 SPAC INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act, Cap. 50 that the Final Meeting of the members of the abovenamed company will be held
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      16 26 r=^=? Your future is your concern a start to yaur future Te Advertise: Cell 1800-741 1883
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      132 26 MARKET MOOD MIXED Market mood indicates likely trading sentiment today based on brokers polled at $6pm yesterday Overnight events may alter sentiments Brokers polled INC Barings. Phillip. Credit l.yonnais Securities. Uaiwa. Fraser. GK Goh. Kay Hian. Morgan Grenftll SG Warburg. Nomura. Merrill Lynch Trade all over Asia, anytime you want.
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      276 26 We are a fast-growing commercial bank that has been in the forefront of innovation in the Malaysian banking industry. Our holding company is an integrated financial services group listed on the Main Board of the Kuala Lumpur Stock Exchange with business interests in commercial banking, stockbroking, corporate finance, options financial
      276 words
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      22 26 Cx km*? I read it in Mews/ I Catch Cat*' Hurt it. Clmifl.i this mlriii,^ CATS. Buy It. Sdl It. Find It.
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      290 27 Bridge News, Reuters BIG rates continued to be the talk for Panamax tonnage in the Atlantic and rates are also continuing to move for Far East traders, brokers said. Whilst the Baltic Freight Index managed another hike, up 29 points to 964, Biffex appeared to have found a
      Bridge News,; Reuters  -  290 words
    • Article
      MARITIME STOCKS
      278 27 w m &Ht im ■*1 S$ *h hi CWT Distribution _0.S3 *0.015 34 Chum Hup 0.595 -0.015 40 Cosco lnv*stm*nt 0.48 Fr*ight Links 0.16 unch 599 GB Holdings 0.37 Hai Sun Hup 0.455 -0.0O5 52 IMC Holdings HK 5.60 Jaya Holdings 0.515 -0.02 189 Jurong Shtpyard 6.45 -0.05
      278 words
    • Article, Illustration
      Economic rebound in sight: shipping execs
      452 27  -  Two PSA advisory members optimistic about prospects for shipping industry By i George Joseph [SINGAPORE] Some leading Asian shipping executives are optimistic of an economic recovery in the region which would improve the prospects for the shipping industry in the coming years. Masaharu Ikuta,
      452 words
    • Article
      Lock icon Cargo ship rolls in rough seas, killing 2
      201 27 Bridge News [TOKYO] Two crew members died and another was missing on Sunday after a Panamanian cargo ship lurched in rough seas south of Japan, the Maritime Safety Agency said. The Panamanian-regis-tered Andhika Adiratna, a 6,788-ton cargo ship, was carrying a crew
      Bridge News  -  201 words
    • Article
      Lock icon China to improve marine safety, curb pollution
      259 27 Bernama-Xinhua [BEIJING] Marine safety and the prevention of offshore pollution resulting from shipping activity are getting a new emphasis in China, China Daily reported. The newly established China maritime safety administration will take action to improve marine safety and curb pollution caused by
      Bernama-Xinhua  -  259 words
    • Article
      Lock icon Royal Caribbean accused of false entries in records of oil disposal
      299 27 Bloomberg [LOS ANGELES] Royal Caribbean Cruises, the world's No 2 cruise line, was indicted by a grand jury for allegedly presenting the US Coast Guard with false records of its handling and disposal of oil. The three-count felony indictment,
      Bloomberg  -  299 words
    • Article
      Lock icon Stena's charges plunge it into the red
      260 27 Bloomberg [GOTHENBURG, Sweden] Stena Line, Scandinavia's largest ferry operator, posted a 1998 loss as it took charges linked to a new joint venture with the UK's Peninsular Oriental Steam Navigation Co and for reorganising its operations before the abolition of duty-free sales. The
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon Business savvy flows north
      952 28 HONGKONGvSHANGHAI Fifty years ago, HK benefited from the flight of shipping people from Shanghai; now it is returning the favour ABS Surveyor FIFTY years ago, Hongkong benefited from the flight of shipping people from Shanghai. The business savvy, sophistication and joie de vivre of the city
      ABS Surveyor; FILE PHOTO  -  952 words
    • Article
      SHIPPING SCHEDULES INDEX
      219 28 PAGE Oongnama 3 ACL 6 ECU Line 6 ANl 3 ECl 5 Accord 8 E»«green 6 Appenship 5 Foonq Sun 8 Austral 8 Link 4 Balaji Shpg 4 Gemartrans 8 BSA 7 Hangli 7 B tang Mas 8 Hanjin 3 CCNI 7 Heung-A 4 CMA 8 Hyundai
      219 words
    • Article
      SHIPPING GUIDE
      19003 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest n Name Nam* Number Number SIN Dest'n Name Neme Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvolre To CALCUTTA (CCU) 2062 India 12/03 19/04 Setramar NORASIA SINGA 2*2* 45-*****77 09/03 15/03
      19,003 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        736 39 Voy No Berth Arrival Departure UC86 J22 alongside 01.03/0230 jr. 030Z99 J01 alongside 01.03/2300 m *****9 JO. alongside 01.0V2300 0299 JO' alongside 01.03/1700 0,0399 J01 alongside 01.03/2359 J"" 4 6 dl 03/99 J02 alongside 02 03/0600 01/03 J09 alongside 01.03/1600 S*" -1 0299 J04 alongside 02.03/2300 7J J"
        736 words
      • Article
        CONTAINER SCHEDULES
        1843 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Ac» LlUc 0941 02/1100 U 01/1500 0V1659 0VW00 II ovnoo 01/1659 01/1900 AMi ***** 03/0130 U 01/1500 01/1659 01/1900 n 01/1500 01/1659 01/1900 2A OVITOO 02/0659 02/0900 21 01/1700 02/0659
        1,843 words
      • Article
        GLOBAL HOLIDAYS
        214 39 Mar 8 China: Women's Day half day. Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mar 22 Japan: Vernal Equinox Day. Mar 25 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya
        214 words
      • Article
        COCKETT BUNKER MARKET REPORT
        752 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        752 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        468 39 CJrtx* 180 Mm 994.8 1.0 (8.8 0.09 52 0.07 F*«2S Density Witer fteslMm Ask Aluminium Sediment No <bovf E25 1 0 17 0 1 0 J80 Ave 986.0 OJ MJ 0.06 30 0.02 380 MM 994.9 0.7 19.4 0.09 65 0.07 M/MM %in %M/M %«/M mt
        468 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon ANA to cut aircraft spending by 100b yen
        428 40 Japanese airline will have 141 aircraft by end of March 2000 Bloomberg [TOKYOJ All Nippon Airways Co, Asia's second largest airline behind Japan Airlines Co, said it plans to cut capital spending on aircraft by 100 billion yen (551.43 billion) over the
        Bloomberg; FILE PHOTO  -  428 words
      • Article
        Lock icon Ailing Air Afrique to be privatised
        625 40 State ownership to be cut from 60.4% to 33% AFP [ABIDJAN] Air Afrique, an airline jointly owned by 11 francophone African states, is to be privatised, in a bid to turn the debt-ridden enterprise into a profitable venture and a "serious partner", the board
        AFP  -  625 words
      • Article
        Lock icon Lufthansa lifts ban on CD players, CD-ROMs
        155 40 AFP [FRANKFURT] German airline Lufthansa said it would allow its passengers to use their portable CD and minidisc players and laptops with CD-ROMs during flights from March 28. The items had previously been banned, along with portable phones, from use on board. But
        AFP  -  155 words
      • Article
        Lock icon Carrier's passenger traffic up
        133 40 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's secondlargest airline, said it carried 9 per cent more passengers in January than in the same month a year earlier and filled more of its seats, particularly in Asia, the U& and Latin America. Passenger numbers rose to 2.9 million,
        Bloomberg  -  133 words
      • Article, Illustration
        Lock icon Boeing, Airbus reject Thai Airways bid to cancel order
        233 40 AFP [BANGKOK] Aircraft manufacturers Boeing and Airbus have turned down a Thai Airways request to cancel an order of three planes not yet on the assembly line, airline officials said. But Boeing has allowed a one-month grace period until the end
        AFP; FILE PHOTO  -  233 words
      • Article
        Families of victims of China jet crash to get compensation
        202 40 Families of 13 victims to get 200,000 yuan each [WENZHOU] The families of 13 people who died in the plane crash in east China's Zhejiang Province on Feb 24 will each get 200,000 yuan (about 5W1,400) in compensation from the
        202 words
      • LOG Book
        • Article
          Mitsubishi denies joining Airbus project
          96 40 [TOKYO} Mitsubishi Heavy Industries Ltd said it has no plans at present to join Airbus Industrie's project to develop a new high-capacity airliner. Business daily Nihon Keizai Shimbun reported that Mitsubishi Heavy had decided to participate in Airbus Industrie's project to develop the A3XX jumbo
          96 words
        • Article
          Lock icon PAL phases cut Fokker flights
          76 40 AFX-Asia [MANILA] Philippine Airlines has phased out its Fokker 50 flights, PAL chief operating officer Jaime Bautista said. He said the move began last Sunday and will allow PAL to mount an all-jet fleet for the first time. PAL mounted its last two 54-seater Fsoflights,
          AFX-Asia  -  76 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1804 40 CUT FU6HT ETA FU6WT ETP SO 2001 0935 LH6373 2355 U<Mi BA7381 1930 8A7382 2050 LH778 1650 5026 2355 0F91 1930 0f82 2050 W4578 1650 LH779 2359 AN8229 2230 S***** 1650 N***** 2359 IH6380 2230 "7306 1840 S***** 2359 $0229 2230 Off »40 Amtttrtfam KLS43 0540
        1,804 words
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      21 27 ANA to cut aircraft spending by 100b yen Japanese airline will have 141 aircraft by end of March 2000. Back Pag©
      21 words
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      Page 27 Advertisements Column 2
      378 27 fULLITIN BOARD People Oantas-British Airways has appointed Ken Ryan as regional general manager for South-east Asia, responsible for the alliance's operations in Singapore, Malaysia and Thailand. Mr Ryan was formerly based in Sydney as Oantas' group general manager (marketing). Prior to his previous appointment, he had held senior management positions
      378 words
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      Page 27 Advertisements Column 3
      130 27 FT Cfc 0 R D E R LESS .-«%*•*> w' LiWia. ,;-■>•-*.?■*£-•■• :.^nr., |$r ~»">. A&H'M.C ap^.:-- |§Mpyp! „.-4H i#-»%iA/' T*-> < v L'V/ien Me leaders of nations and celebrities traveled to the East. NYK provided the services to help make history. Todav. too, on a worldwide scale hut in
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      Page 27 Advertisements Column 4
      27 27 Hongkong v Shanghai: Business savvy flows north Years ago, HK benefited from the flight of shipping people from Shanghai; now it is returning the favour. Page 2
      27 words
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      727 28 I wff PC#rV I [SUPER SHUTTLE EXPRESS ~11 |OULF KARACHI EXPRESB (QKX) rasa VOTAGE IGO SIM VKSa VOT JU DOM MX MP RAR COt WG TS" OOOuIIRtCA 32W500 24/02 U/OJ riONBUOTDIAHR AM 18 17/07 19/02 I 19/02 21/02 24/02 02/03 04/03 «7/0) 00<l CALIFORNIA 34W509 «3/03 21/03 WO NEDUOTD DAMMAM
      727 words
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      703 28 Lines 6 services represented r ffSv■) by MemtiefS Re 9 ,slr y of Accredited Shipping Agents Singapore Shipping Association Members of the s^ao ™SSiS!s™ wo SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES JgL SINGAPORE to BATAM, BINTAN, KARIMUN W} X SINGAPORE to BANGKAISUNO A SINGAPORE to CILEGON SAMARINDA/BAUKfiAPAN/BANJARMASIN TO SINGAPORE
      703 words
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      1151 29 SAX SERVICE (DIRECT) VBSa wr HNttt LAX OH Ott 1 HOU 1 01 I COl I MEM I ffl I HTC <*«!» 00* 03/03 11/03 23/83 23/03 24/03 23/03 24/03 24/03 25/03 25/03 AWTMQUQg 0231 09/03 25/03 30/03 30/03 31/03 30/03 31/03 31/03 01/04 01/04 AftSAMOOOTC 0101 17/03 01/04 01/04
      1,151 words
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      Page 29 Advertisements Column 2
      1883 29 OHANJIN SHIPPING iikPl »tkWr«i«. -MM mono NAMJM SMfPWG HI ITO hn» /fwm. ho*. con KXMNK 32M73S 237 SAIfS 12*0724 231 DOCUMENT 32*0271 774 OKUTIOK 32M250 251 MAIN UK *****" mi m*t) 01 HO lIW9BOOM TO NW USA A CANADA US7T -HHftlM* re,VUAOT TiSTpi umhau/voy |su I nwjoajpoi m I use
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      Page 29 Advertisements Column 3
      322 29 KMT C provides ICL consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 220 >558 Uk *****51 Pndu Mb* SUppfa| Af»dn SAi M far *****14/7700! 15 Nrtlb* (U) 03-75*7530 (to) 03-75*5341 nustsr wir://wwmNTC.roj« P.Gdf (W) 07-*****17 (T«) 07-*****0* SHREYAS SHIPPING LIMITED, MUMBAI PREMIER
      322 words
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      1635 30 DSR SENATOR LINES TO UK/CONTINENT TOMEDITERRANEANCANADA WY L£H IW W Mil IW FU VtSStl VOT GIT tft fOt W.C MTU PUSAM SENATOR WN*l2 02 03 1103 71 (3 72 03 23 03 24 *3 25 03 CMJfORMU SENATOR WIMI2 04 03 21 03 23 03 2503 2703 0404 HMUM SAVANNAH
      1,635 words
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      Page 30 Advertisements Column 2
      927 30 AM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 1 IY~/ J OR NO. **********06 SIBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK; (662) *****67 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKTi (21) *****07 MON: (61) *****3 KUCHING (062) *****1-3 BARCELONA MV "NORASIA
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      Page 30 Advertisements Column 3
      541 30 LINE S7 TILt *****56 FAX: *****13 I MUARA 1 LABUAW 1 VESSEL VOY ETD IU VBSB VOT ITD IU sranwuu sratf lm STRAITS HOPE VO4I/W SdW 01/03 STU/TSHO* V0«/W Mri 01/0) tARAXA JN332 VOSJ/09 06/01 09/03 (AJtAKA JM332 Vo*/«0 06/03 10/03 JPtOSPB VOSE/90 13/03 16/03 JPtOSTH VOSE/W 13/03 17/03 (MUX
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      1039 31 ¥91 WW PKO~ PEN PQfl DUB DAM SHJ BA "wK 2*2 J y*" 23/02 03/03 04/03 06/03 07/03 09/03 2»22»«.« PJLI334 01/03 10/03 11/03 12/03 14/03 16/03 I? 7? PJCI333 08/03 17/03 18/03 19/03 21/03 23/03 IWAH TAKHTI PJLI337 15/03 24/03 26/03 26/03 28/03 30/03 |IHAN LOWEBTAH PJLI33B 22/03 31/03
      1,039 words
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      Page 31 Advertisements Column 2
      1498 31 VOOI3W (ITA SIN J 3 Fib Couo USA l«st-CMst I All-Wafer s«rvi<« will call i( I lUrfolfc Mrt, iaitHd NWatrt, 1 I f'nCTAD ivn 4 SHEHTOH WAY TEL 226 1900 FAX: *****08 OUTWARD (l/Lr^^flSS^ToHoSEOfFK^™™""™ ll^™™™! 01/03 JL m n* SH* we nOftUAIASTCMST/BUa SHES gg Kg 11/03 ,S/M 13/03 SS 88
      1,498 words
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      Page 31 Advertisements Column 3
      698 31 EASTERN CAR UNER, LTD. |_Ej ta (siHCAPOnt) en iro .SrKS, I SPECIALIZE IH RORO 4 HEAVY LIFT UPTO 450 TOWS] £Q (SJMSATOIf) PTE UP LOADING FOR PORT KLANG/ CHIYYAGONG I PORT KLANG/ COLOMBO MV "AMRTA VII" V.9 MV "ORANGE MOON" VOY. 110 ETA SIN 22/02/99 ETA PKL 23/02/99 ETA SIN
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      1312 32 EUBOWAJK/iCAWOIHAWfIMUMDfIUtSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANN HBG PKL SGP E. DEVELOP RW-MK N*3 21/03 31/03 27/03 29/03 30,-03 31/03 E REWARD RE 032 04/02 08/02 K*2 07/02 N/02 04/03 05/03 E. DECENT RW-001 14A0 02/W 07/04 03/04 06AM 07/04 E REFINE RE-«1t 11«2 13/02
      1,312 words
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      Page 32 Advertisements Column 2
      981 32 Ar P ADVANCE CONTAINER LINES (PTE) LTD TEL: *****21. FAX *****19. TELEX RS ***** ACLPL FOR BOOKINGS PLXASC CALL: *****22 SALIS A MARKETING *****21 2« OPERATIONS: *****KV *****06 CR NO. *****M0000E lAWOKOK HWW JAKARTA (7 vtssa voy sx I ikk vtssa vor I w jkt SEA MAJBNE" S*hC*s 2/3 Tu»
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      Page 32 Advertisements Column 3
      594 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AfRKA vessel vot Isw ftiT out mcn to GOUaptACOH MIPS 04/D3 12/03 14/03 19/03 20/03 mrcUQUEBI V.033S 13/03 ~22W WW 02/t>4 mHA) DtAGOM *0125 23/03 02/04 ot/04 09/04 10/14 mraittWS V-033S 03/04 12/04 li/04 19/04 20/04 GtuDaomsoM tons max 23/04 20/04 01/02
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      468 33 BSA -i M MYANMA 188 l FIVE STAR UNE (Myoßnar National Um) 1 Loading for Tango* (Roagooa) visscl voy sin m pen m MM-A* 254W SU> MONG-LA 21W SU MALAYSIA AUNTS: KXttTUO SMPfWG AGENCIES RUL TH (03)*****00 P*L TU (03) *****01 PIN: m. (04) *****02 PGU: TEL (07)*****21/4 BANK LINE
      468 words
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      Page 33 Advertisements Column 2
      1295 33 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. I VESSEL VOT I SM 1 SOU I LEH 1 RTM 4NT HAW RRV HI IVESSE VOYI SOU I LP4 I WMI I ANT I HAW I MTV I W f'sM MAUMMM 307W 04/03 22/03 27/03 24/03 25/03 UlOMf 5251 12/02 13/02 07/02 09/02
      1,295 words
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      Page 33 Advertisements Column 3
      1130 33 S norv%agion spebafeed oukxomtn Q°mxs Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HIAVYIIFT StRVKI" [vtSSti VOY IRAMP HEIGHT SIM LAX CKL NUA SAV KAL OCf NYC WW MOO TOOA FOOO 4001 MM 6.3 M 09/03 10/04 10/04 22/04 24/04 24/04 27/04 79/04 03/0S 04/05 TARONGA F907 400 Inu 6.3
      1,130 words
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      622 34 BANGKOK/ MAP TA PHUT/ LAMM CHABAMO JAKARTA/PAN J ANQ VESSEL VOY SIN BKK HTTP LCH VESSEL VOY SiN JKT PJN KOTA RATNA RNAQ9S 03/03 06/03 ANRO OOWA* 074 in Pt 08/03 NANTA BHUM" 436N 03/03 08/03 07/03 OURU BHUM 119S 03/03 07/03 HUNSA BHUM QgN 04/03 07/03 OURU BHUM 119
      622 words
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      Page 34 Advertisements Column 2
      35 34 LNS EXPRESS (S) PTE LTD 81k 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax: 65-276 3740
      35 words
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      Page 34 Advertisements Column 3
      437 34 INDONESIA NATIONAL LINE TO AUSTRALIA "T~ FULL CQMWMBH SEHV9CC V& Ba ail w I I m I I mm I it I W mskai m m/mh/m li;/« h/m n/w a/« WOWHMWW 11/WU/M tl/wj W/M 11/ M MM MKT BIBHBI OS 11/03 W/M H/M H/44 M/ 04 11/04 m.nom |ns Ig/cp/wlx/wi
      437 words
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      Page 34 Advertisements Column 4
      753 34 1 WO-IJED MLA |LB4 wm HAM ZEE SOT VILLE D AQUARIUS U3OW ***** (XVTO 11/03 1&TO 22AP 23/03 2&C3 SS V-LE 0€ AKTARES L3OW 11AP 12/03 21AS3 25Q3 31/03 01AM 02AM 04/04 oSw VIXE DE VIWQO SXhM 1&TO 17/03 2V03 3QQ3 jjjjj OttAM 07AM OSKM I(MM VWLLE DE VELA N3OW
      753 words
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      47 35 ®New Service to M Middle East MEXICAN LINE TRANSPORTACION MARITIME MEXKANA. SA de CV. tj» is Now with \S}Wan*ayUnes Ben Line Agencies on Page 8 Page 5 ft New Service to Calcutta/Haldia direct service to Calcutta £%-W\ Shipping SAMUDERA shipping line Page 13 (Mon/Wed/Fri) Page 14 (Mon/Wed/Fn)
      47 words
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      49 37 ST*£% Dial 740-6000 on demand —(Retrieve more schedules!) Press "V CT Select the port and key in STBtl the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be SHIPPING TIMES s 3fc/!SS2L'SC»
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      147 38 I_free Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Poet of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or service
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      131 39 LEGEND R Thunder, form Temperature o c A V Shower Weather Wind direction with speed m knots Rom Cloudy Sky Wove height Surfoce winds are indicated by arrows which fly with the wind G) One fu. c,c.e represents calm or Ugh, ond vonoble wind, One holt ftoche represent, 5 knot,
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      33 40 -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 Prew "1* key in Document Code Key in fax number Enter your phone number
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