The Business Times, 11 March 1999

Microfilm: NL21390
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c S INGAPORE Internet http://business-times.asial.com.sg/ THURSDAY, MARCH 11, 1999
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  • Article
    MARKET SUMMARY
    68 1 RI 14MJ3 (+29.01) WWVT-fW u hub (+9.05) PI smsci futures U 217J0 (+4.00) Q MARKET MOO* STGC1 BASKET IKDSCES Wednesday Change KLSE COMP U8.1S -141 NIKKEI 15,***** +HU HANG SENG ll.74t.01 +216.06 SET INDEX SU28 4N JAKARTA COMP __J7X86 462 MANILA COMP 1381.48 -IMS TAIPEI WPI ,6,486.61 482
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  • Article
    FINANCE
    76 1 FMBXU3B us* ss QSt 1.7« SJU8*8tprQ UN 18K EU50(UB*9pvQ 1JR 1.891 DM L781 UC7 *BI 12t7 Ltt4* HI IM I4U HKS 7.741 t» BAHT 17J7 MM HJPMH 9,060 0.01* •St* Mm* PUKE KATES SINGAPORE* 1825 KUALA LUMPUR 11.50 JAKARTA J8.M BANGKOK 1176 MANILA 8J» BONGKDNG 10.25 TAIPEI 8J0 SYDNEY
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  • Article, Illustration
    BNP proposes menage a trois with SocGen and Paribas
    1281 1  -  Bid provokes an immediate outcry from the two takeover targets By< Clarissa Tan [SINGAPORE] French bank Banque Nationale de Paris (BNP) yesterday sprang a surprise hostile bid for its soon-to-be-merged rivals Societe Generale (SG) and Banque Paribas, a move which would
    1,281 words
  • Article
    Opening up S'pore banking: MAS to unveil plans in April
    862 1  -  By, Anna Teo [SINGAPORE] The Monetary Authority of Singapore (MAS) will unveil next month its plans to open up the banking sector, Deputy Prime Minister Lee Hsien Loong said yesterday. BG Lee, responding to" points raised during the debate on
    862 words
  • Article
    Panel surprises with call for higher vehicle growth
    547 1  -  Committee also recommends open bidding for GOEs By i Christopher Tan [SINGAPORE] As expected, the government parliamentary committee charged with improving the vehicle quota system yesterday recommended open bidding for certificates of entitlement (COEs), but surprised by recommending an increase in the
    547 words
  • Article, Illustration
    Lock icon No group offsetting for developers, MOF clarifies
    713 1  -  IRAS and Red&s only discussing carry forward of losses by property units By i Corinne Kerk, R Sivanithy [SINGAPORE] The Ministry of Finance has clarified that "corporate tax grouping" is not on the cards for developers. The ministry said yesterday that what the
    Source: Bloomberg  -  713 words
  • Article
    Tibs: Komoco info received but no talks
    105 1 [SINGAPORE] Tibs Holdings said yesterday that it has been given "preliminary information about Komoco Holdings" for its review but that there have been no negotiations over it. It was responding to an article in BT on Monday which said that Tibs, one o(
    105 words
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      297 1 MBf Holdings, which yesterday reporterd a staggering net loss of RMlb, has given up hope of regaining control of troubled MBf Finance, Pg2o flip! in im How will the top 1,000 Singapore-incorporated companies make it to the next mountain-top? Bae P|iM4 Gokttron chairman Ong Soon Kiat was yesterday fined P*
      297 words
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      Page 1 Advertisements Column 2
      29 1 IBAS-Sedudiaoassion not on corporate tax grouping: MOF, Pg 4 Hot stock UIC Punters shuffle a record 50m UIC shares in anticipation of a bidding war. FuW report, Pg 19
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  • PARLIAMENT
    • Article, Illustration
      Mindef's DTG to become stat board
      537 2  -  New board will be called Defence Science and Technology Agency By\ David Boey THE defence science and weapons engineering arm of the Ministry of Defence, the Defence Technology Group (DTG), will be converted into a statutory board by April 1, 2000. Deputy Prime Minister
      537 words
    • IN Brief
      • Article
        Bankruptcy discharge limit doubled
        81 2 BANKRUPTS whose debts do not exceed $500,000 can look forward to an early discharge. Law Minister S Jayakumar yesterday said the Official Assignee has proposed and he has agreed—that the debt discharge limit be raised to $500,000, from $250,000 currently. This will take effect from May
        81 words
      • Article
        Guidelines for employers out soon
        59 2 TRIPARTITE guidelines on employer practices will be published "within a few days", Deputy Prime Minister Lee Hsien Loong said yesterday. The guidelines are being worked out jointly by the Ministry of Manpower, the Singapore National Employers Federation and the National Trades Union Congress. Among other
        59 words
      • Article
        Regulate investment schemes, says MP
        72 2 DURING the debate on the finance ministry's budget, Tampines GRC MP Sin Boon Ann called for regulation of investment schemes to prevent Singaporeans from unwittingly picking up "lemons for their investments". Mr Sin noted that the fact that most Singaporeans probably "can't tell the difference
        72 words
      • Article
        Short cut for growing nation's reserves
        150 2 NOMINATED MP Chuang Shaw Peng got his fellow MPs' attention when he rattled off the market capitalisation figures for some Internet stocks. He noted that the US$33 billion market capitalisation of Yahoo! was nearly half of Singapore's $100 billion reserves. He said: "We took
        150 words
      • Article
        Set up Internet alternative to Nets
        142 2 AN Internet payment infrastructure should be introduced so that retailers can use it for cashless transactions rather than relying on Nets. Toh See Kiat (AJjunied GRC) told the House that many small businesses have steered clear of Nets—which he said is run by "a
        142 words
      • Article
        Details of espionage cases are secret
        141 2 DEPUTY Prime Minister Lee Hsien Loong yesterday issued an invitation to any MP who does not take his word and wants to know the details of the espionage cases that came under the Internal Security Act in the last two years: Come and sign
        141 words
      • Article
        Too many ministers at the PMO?
        136 2 NON-CONSTITUENCY MP J B Jeyaretnam wanted to know why there were so many ministers in the Prime Minister's Office. Replying, Deputy Prime Minister Lee Hsien Loong said: "If I may be allowed to list them: First is the prime minister himself, who I presume
        136 words
    • Article
      Allow law firms to corporatise – with $2m indemnity insurance
      507 2  - Allow law firms to corporatise with $2m indemnity insurance A-G to study scheme aimed at improving competitiveness By, Anna Teo LAW firms should be allowed to corporatise but they must take out at least $2 million professional indemnity insurance, a sub-committee of the Law Reform Commission has proposed. Announcing this
      507 words
    • Article, Illustration
      Lock icon Society developing along more communal lines?
      836 2 Let's have frank debate on whether such a trend is necessary: Shanmugam Sembawang GRC MP K Shanmugam spoke yesterday on racial harmony and the development of cultural elites. Below are extracts of his speech. THERE is some concern in the minority communities about some
      FILE PHOTO  -  836 words
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      Page 2 Advertisements Column 1
      72 2 Master Sales Agent Wanted Adverts for international tourism directory: hotels, restaurants, shops, car hire etc These adverts are proven to be popular. We supply: leads, backup, soft h/ware and expenses. Would suit Agent who is able to recruit 4-6 full/part-time reps. Minimum income $250,000 per annum. Only investment is basic
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      26 2 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend. ft* CAT AI Buy It Sdl h. FM It.
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Another $400m seven-year govt bonds launched
      309 3  -  MAS reopens issue first launched in Oct; new two-year issue expected in April By' Wong Wei Kong THE Monetary Authority of Singapore yesterday offered another $400 million of sevenyear government bonds, reopening an issue first launched last October. The bonds, which will mostly be
      309 words
    • Article
      Shell, PSC to lay eight Bukom to Seraya pipelines
      314 3  -  By] Marissa Chew SHELL Singapore and the Petrochemical Corporation of Singapore (PCS) will lay eight pipelines, running from Shell's Pulau Bukom refinery to Pulau Seraya which is part of the massive Jurong petrochemical complex. The submarine pipelines are part of a
      314 words
    • Article
      US rejects SingTel deal with AT&T, MCI
      588 3  -  US carriers filed with FCC to lower accounting rates Reports byl Catherine Ong THE US telecoms regulator has rejected a deal between Singapore Telecom and two US carriers to settle their international calls from this year at lower-than-bench-mark rates. Sing Tel, AT&T and
      588 words
    • Article, Illustration
      British Tel still hungry for more Asian acquisitions
      613 3 BRITISH Telecommunications pic (BT) is forging ahead with more acquisitions in Asia despite having spent a cool US$l billion (Ssl.7 billion) last year buying into and building up telecoms companies in the region. Alfred Mockett president and chief executive of BT Worldwide,
      613 words
    • Article
      Goldtron chief Ong Soon Kiat fined $250,000 after guilty plea
      555 4  -  Market-rigging offences serious, investors most be protected, says judge By l Conrad Raj GOLDTRON Ltd chairman Ong Soon Kiat was yesterday fined a total of $250,000 after he had pleaded guilty on Friday to five charges accusing him of creating
      555 words
    • Article, Illustration
      Lock icon Pidemco to develop 22,000 sq ft open air Cuppage Mall
      479 4  -  By Rahita Elias PIDEMCO Land is spending up to $8 million to develop a 22,000 sq ft open air pedestrian mall flanked by its three properties, Orchard Point, Cuppage Terrace and The Cuppage. The property developer leased from the Land
      SIEW YAW HOONG  -  479 words
    • Article
      Smaller developers show up at auction
      437 4  -  Development site fetches price higher than valuation By, Ang Wan May DEVELOPMENT sites were hot stuff at yesterday's Knight Frank auction, with a pair of uncompleted semi-de-tached houses at Bukit Timah fetching up to almost a million dollars more than their valuation price. The
      437 words
    • Article
      Philips recalls 2 PC speakers
      89 4 DUTCH electronics giant Philips is recalling two models of multimedia PC speakers because of safety risks to customers. The models are PCAI2OSA and PCA3OOSA, which are suspected of being susceptible to short circuits. Philips has offered to replace them at no charge with its latest
      89 words
    • Article
      Lock icon Sing$ seen weakening to help exporters
      754 4 Survey's forecast is for S$ to fall to $1.86 against US$ Bloomberg THE Singapore government, which says it has done all it can to cut corporate costs, may have to let the Singapore dollar slide to help its ailing exporters. A Bloomberg News survey
      Bloomberg  -  754 words
    • Article
      IT, telecom players welcome plan to merge regulators
      362 4  -  Still, they hope to move towards more self-regulation w Teh Hooi Ling, Toh Han Shih INDUSTRY players yesterday welcomed the possible merger of the key regulatory and development agencies in the information technology, telecommunications and broadcasting sectors, but hold out hope of
      362 words
    • Article
      Search for top Malay/Muslim achiever
      134 4 BERITA Harian yesterday launched an "Achiever of the Year" award to give recognition to outstanding Malay/Muslims who have made great contributions to their community. To be presented by the Malay daily and McDonald's, the award also aims to "identify a role model for the younger
      134 words
    • Article
      Corrections & clarifications
      57 4 Corrections clarifications OUR chart accompanying yesterday's report "One in six of 1998 grads still jobless after 6 months" showed the wrong salaries for 1997. The correct mean salaries of professional degree holders and non-professional degree holders should be $2,500 and $2,150 respectively. They fell to $2,400 and $2,100 respectively in
      57 words
    • Article
      IRAS-Redas discussion not on corporate tax grouping: MOF
      246 4  -  LtfITUR TO THE EDITOR Doreen Tan Senior assistant director (taxation) for Permanent Secretary, Ministry of Finance PLEASE refer to your article yesterday entitled "In a surprise move, developers may be allowed to carry forward losses". In paragraph 2 of the article, you
      246 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon M'sia back in IFC Asia, global indices in Nov
      478 5 Central bank chief says there are signs MSCI will reinstate M 'sia in its indices Reuters [KUALA LUMPUR] After relaxing its sweeping capital controls, Malaysia is clawing its way back to being part of world benchmark investment indices. The International Finance
      Reuters  -  478 words
    • Article
      Lock icon PBOC says no devaluation but won't rule out govt study
      318 5 AFP [SHANGHAI] A spokesman for China's central bank yesterday refused to rule out the possibility that the government was conducting research on the best time for a yuan devaluation. The financial consultancy IDEA in Singapore on Tuesday quoted sources with
      AFP  -  318 words
    • Article
      Lock icon Anxiety over slow pace of Thai financial reform
      594 5 NEWS ANALYSIS MARKETS JUDGE SOUTH-EAST ASIA Baht faces pressure; some analysts say it's overvalued Reuters [HONGKONG] Concern about the pace of reform in Thailand is resurfacing with a vengeance at the same time there is fresh pressure on the Thai baht the
      Reuters  -  594 words
    • Article, Illustration
      Lock icon Give us a break
      72 5 [JAKARTA] Hundreds of Indonesian rickshaw drivers protesting outside the city's governor office yesterday, demanding the government's permission to operate in the capital of 10 million because they cannot find other jobs during the economic crisis. Indonesia is in the grip of its worst economic crisis, which
      REUTERS  -  72 words
    • Article, Illustration
      HK property prices too high: Li Ka-shing
      550 5  -  Ton must have a healthy economy to support prices, we don't have it, he says From Quak Hiang Whai in Hongkong LI Ka-shing, Hongkong's most famous tycoon who made most of his fortune from property, has expressed grave concerns about real estate prices
      550 words
    • Article
      Lock icon HK sour loans rise to 5.2% but low by Asian standards: Hui
      254 5 Reuters [HONGKONG] The level of Hongkong banks' non-per-forming loans was rising but remained low by Asian standards, the territory's secretary for financial services said yesterday. "The level of Hongkong's bad and doubtful debts is generally lower than that
      Reuters  -  254 words
    • Article
      Lock icon Taiwan NPLs hit NT$300b
      125 5 AFP [TAIPEI] Bad debts at Taiwan's banks totalled NT$3OO billion (5515.6 billion) at the end of 1998, the China Times reported yesterday. The bad debts largely stemmed from mounting financial troubles at local companies over the past six months, Finance Minister Paul Chiu was quoted as
      AFP  -  125 words
    • Article
      Lock icon M'sia to cut number of banks to 16
      189 5 Reuters [KUALA LUMPUR) Malaysia plans to cut the number of local commercial banks in the country to 16 from 22 currently, Bank Negara governor Ali Abul Hassan Sulaiman said yesterday. He said the central bank "is pushing hard" to get banks to
      Reuters  -  189 words
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  • REGION
    • Article
      Lock icon Troops open fire as thousands battle on Ambon streets
      449 6 AMBON At least 3 dead in Muslim-Christian clashes; protests in Jakarta, Fandnng AFP, Reuters INDONESIAN troops opened fire repeatedly yesterday to break up thousands of Muslims and Christians battling with crude bombs and weapons in the streets of Ambon in clashes
      AFP,; Reuters  -  449 words
    • Article, Illustration
      Lock icon Dr M accused of dirty tactics in Sabah polls campaign
      392 6 KOTA KINABALU Ruling party using official machinery, says Opposition Reuters MALAYSIA'S Opposition and rights groups yesterday accused the governing coalition of dirty tactics in Prime Minister Mahathir Mohamad's first electoral test since sacking his former deputy. Dr Mahathir was set
      Reuters; AFP  -  392 words
    • Article
      Lock icon Gag order issued on names cited by defence witness
      391 6 ANWAR'S TRIAL Judge says evidence inadmissible on grounds of hearsay Reuters [KUALA LUMPUR] The judge in the criminal trial of Malaysia's sacked finance minister Anwar Ibrahim yesterday issued his third gag order, ordering the media not to report the names of
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Golkar picks five for president including Habibie
      335 6 JAKARTA AFP, Reuters INDONESIA'S ruling Golkar Party said yesterday it had narrowed down its list of candidates for presidential elections later this year to five, including President B J Habibie. The list of candidates was announced at the end of a three-day party
      AFP,; Reuters; FILE PHOTOS  -  335 words
    • Article
      Lock icon Step up Suharto probe: Muladi
      369 6 Habibie should not play down the case, warns minister Bridge News, AFP INDONESIAN Justice Minister Muladi has warned President B J Habibie not to downplay investigations into alleged corruption by former president Suharto, saying that Dr Habibie would have to account for his actions when
      Bridge News,; AFP  -  369 words
    • Article
      Lock icon Ford plans return to reformed Indonesia
      212 6 SINGAPORE Reuters FORD Motor is on its way back to Indonesia after shifting its US$lOO million (Ssl73 million) project to the Philippines on protest to its national car policy, a company executive said yesterday. "With the changes going on in Indonesia, and the fact
      Reuters  -  212 words
    • Article, Illustration
      Lock icon China trade talks making progress, says US
      455 7 WASHINGTON Bat any WTO entry pact will face hard time in US Congress: Commerce Secretary Reuters UNITED States Commerce Secretary William Daley said on Tuesday that trade talks with China were making progress, but any deal with Beijing on its bid to join
      Reuters  -  455 words
    • Article, Illustration
      Lock icon China gets Venus – a Gateway to cheap Internet access
      550 7 China gets Venus a Gateway to cheap Internet access SHENZHEN Microsoft's new operating system offers the Net to homes at a fifth the cost of a PC Reuters MICROSOFT Corp chairman Bill Gates yesterday unveiled a new operating system designed to bring Internet access to Chinese homes at less than
      Reuters; REUTERS  -  550 words
    • Article
      Lock icon Leading HK figures support justice secretary
      261 7 HONGKONG Reuters INFLUENTIAL figures and civil servants rose in support of Hongkong's top justice offi•cial yesterday as she prepared to face a no-confidence motion debate in the legislature. The territory's 60-member legislature was due to debate the censure motion on Secretary for Justice Elsie
      Reuters  -  261 words
    • Article, Illustration
      Lock icon Mr Yen expected to be replaced in summer
      457 7 Weaker yen policy seen if he quits finance ministry FT [TOKYO] Eisuke Sakakibara, Japan's high profile and controversial financial diplomat, is expected to leave his post as vice-minister of finance for international affairs this summer. Any reshuffle at the ministry will be
      FT  -  457 words
    • Article
      Lock icon Top Chinese judge vows to curb graft in judiciary
      409 7 BEIJING Senior court officials to be rotated nationwide Reuters [BEIJING] China's Supreme Court president yesterday pledged to curb corruption among the judiciary and uphold justice, a move he described as a "long-term and difficult mission". Some court officials accept bribes, practise
      Reuters  -  409 words
    • Article
      Lock icon PwCoopers named Gzitic adviser
      325 7 HONGKONG Creditors meeting to be held next week, but expectations low Reuters GUANGZHOU International Trust and Investment Corp (Gzitic) has appointed PricewaterhouseCoopers as financial adviser and will hold a creditors meeting on March 17 in Guangzhou, banking sources said yesterday. They said creditors of Gzitic and
      Reuters  -  325 words
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      26 6 TV\ C Didn't you know? I read it in Cats' Mews/ Catek Cats' Hm in Sunday Clattifiad this ®">T GATS, guy it. Sell H. Find It.
      26 words
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      Page 6 Advertisements Column 2
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  • REGION/WORLD
    • Article
      Lock icon German Jan trade surplus widens
      721 8 WIESBADEN Falling and cheaper imports, rather than higher exports, cited as reason Bloomberg Germany's trade surplus rose a greater-than-expected 57 per cent in January as weaker domestic demand and investments caused imports todecline, a sign Europe's biggest economy is slowing. The surplus widened to 8.8
      Bloomberg  -  721 words
    • Article
      Lock icon US$, euro, yen will influence global economy: ECB
      423 8 TOKYO But Japan must revive its economy and promote the yen AFP THE dollar, the euro and the yen will dominate the world economy but only if Japan restores growth and lifts obstacles to promoting its currency, a European Central Bank official
      AFP  -  423 words
    • Article, Illustration
      Lock icon Shouldering a shared burden
      52 8 [LONDON] (From left) Methodist Reverend Peter Graves, the Very Reverend Wesley Carr, Dean of Westminster Abbey, and Cardinal Basil Hume, Archbishop of Westminster, bearing a wooden cross yesterday. Westminster Abbey stands in the background. Christians are observing Lent, a period of abstinence which ends on Good
      REUTERS  -  52 words
    • Article
      Lock icon UK plans rules for free competition, fair pricing
      511 8 ■LONDON Reuters BRITAIN yesterday unveiled radical plans to make its competition regime free from political influence, and at the same time announced a series of probes into whether pricing is fair in key areas of its economy. Trade and Industry Secretary Stephen
      Reuters  -  511 words
    • Article, Illustration
      Lock icon Elizabeth Dole launches bid for US presidency
      506 8 WASHINGTON Conservatives hope gender factor will win women voters AFP Elizabeth Dole yesterday launched a campaign for the White House in a bid her Republican backers hope will woo women away from President Bill Clinton's Democrats. The "exploratory committee" which Mrs Dole, 62,
      AFP; FILEPHOTO  -  506 words
    • Article
      Lock icon Budget prudent, based on domestic needs: UK Chancellor
      562 8 LONDON It was not motivated by desire to steer UK into joining the euro Reuters BRITAIN'S finance minister, Gordon Brown, yesterday defended his ambitious tax-cut-ting Budget, declaring it prudent and designed to lock in economic stability in coming years. Mr Brown's Budget
      Reuters  -  562 words
    • WORLD Watch
      • Article
        Lock icon US productivity gains biggest in 6 years
        85 8 Bloomberg [WASHINGTON] The productivity of US workers increased during the fourth quarter atthe fastest pace in six years as businesses boosted capital investment. That allowed companies to crank out more goods and services as labour and other costs fell. Productivity—a measure of how
        Bloomberg  -  85 words
      • Article
        Lock icon Germany against currency target zones
        63 8 Reuters [BONN] Germany does not support the creation of "target zones" to contain currency movements, Instead backing closer cooperation to ensure currency stability, a Finance Ministry document showed yesterday. "The federal government is not pursuing a target zone concept" the ministry said in a written
        Reuters  -  63 words
      • Article
        Lock icon Microsoft mapping cut appeal strategy
        99 8 Reuters [NEW YORK] Microsoft Corp is quietly mapping out an appeal strategy and has not ruled out even seeking a settlement with the government, the Wall Street Journal reported in its March 10 issue. The software giant's lawyers told the newspaper they still believe Judge
        Reuters  -  99 words
      • Article
        Lock icon Russia gets tough with own creditors
        80 8 AFP [MOSCOW] Russia is relying on countries like Guinea, Mozambique and Yemen to help it scale its debt mountain by paying back the billions of dollars they borrowed during the Soviet period. The state bank which handles Russia's snowballing foreign debt said in a
        AFP  -  80 words
      • Article
        Lock icon German minister threatens N-shutdown
        76 8 Reuters [BONft] Germany's hardline ecologist environment minister, Juergen Trittin, told power companies yesterday that if they failed to resume talks on shutting down nuclear reactors the government would impose a scheme on them. Top utility firms broke off so-called "consensus talks" with Chancellor Gerhard Schroeder's centre-left
        Reuters  -  76 words
      • Article
        Lock icon Zhirinovsky issues Nato warning
        67 8 AFP (PRAGUE] Russian far-right leader Vladimir Zhirinovsky has warned that Moscow could forge a new military bloc in eastern Europe, and launch an economic blockade, to protest Nato's expansion into central Europe. He said on Czech TV Prague will be considered an "enemy" after it joins
        AFP  -  67 words
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  • SINGAPORE 1000
    • Article
      1998/1999
      180 9  -  A sea change is afoot in global industry, and for Singapore companies navigating the new waters, it may be sink or swim. By Jennifer Lien This appropriate note of warning is sounded even as the Singapore 1000 supplement, a first for The Business Times, celebrates the achievements of the
      180 words
    • Article, Illustration
      Lock icon Adding value to manufacturing
      1097 10  -  Compaq Asia aims to expand into more knowledge-based jobs such as R&D and complicated testing assembly By- Annette Pau The writer is a BT journalist COMPAQ Computer's manufacturing operations in Singapore may be the second largest of the multinational's five plants worldwide, but K Y Wong,
      SIEW YAW HOONG  -  1,097 words
    • Article
      Time to create technology
      723 10  -  Technology transfer is history as S'pore becomes an equal in product devt By Cheah Kean Huat The writer is managing director of Hewlett-Packard Singapore WHEN asked to pen some thoughts on the topic of technology transfer, I felt the need to set the record straight. First
      723 words
    • Article, Illustration
      Lock icon Moving mountains
      985 11  -  As MNCs evolve, local players need to change too to compete for the contracts By, Jennifer Lien The writer is a BT correspondent Multinational corporations' efforts to embrace a changing world may leave local players stranded at the top of the wrong mountain unless they open their minds
      SIEW YAW HOONG  -  985 words
    • Article, Illustration
      Lock icon CCL: 100 years old and still going strong
      1081 11  -  Crisis erodes profit, but group expects to weather storm By( Christopher Tan The writer isaßT senior correspondent THE history of Cycle Carriage Ltd (CCL), one of the region's most established motor distribution groups, is almost as old as the car itself. Germinated
      SIEW YAW HOONG  -  1,081 words
    • Article, Illustration
      Lock icon Right in the heart of business
      1176 12  -  To Caltex, shifting its corporate HQ here seems the logical move as much of its business comes from Asia By'. Eugene Low The writer isaßT journalist IT is a long way from Texas to Singapore. Yet last October, American oil giant Caltex Corporation made
      SIEW YAW HOONG  -  1,176 words
    • Article, Illustration
      Lock icon Beyond power supply
      742 13 Diversification helps SP generate new revenue streams SINGAPORE Power aims to grow new revenue streams by diversifying into new businesses which leverage off, or are relevant to, its core area of electricity and gas, said president and chief executive officer BG Boey Tak Hap. In its Star
      FILE PHOTO  -  742 words
    • Article
      On listing of SP
      196 13 QUESTION: When will SP be going for a public listing, as its ROE of over 12 per cent over the last couple of years would appear to qualify it, going by earlier government targets? Have you revisited this IPO issue with the government? BO Boey: The
      196 words
    • Article
      All set for competition
      999 13  -  S'pore Power plans a $1.2b upgrade even as deregulation, economic crisis eat into bottom line Reports by] Ronnie Lim The writer is a BT senior correspondent MULTI-million dollar overseas power projects, telecoms ventures through the Star Hub group, and new businesses leveraging on its customer services
      999 words
    • Article, Illustration
      Lock icon MNCs going native
      1219 14  -  Foreign corporates are discovering the value of putting a local at the helm of their operations here By\ Marissa Chew The writer is a BT journalist A GLANCE through the list of multinationals among Singapore's largest companies shows that Singaporeans who occupy top management positions in MNCs
      ARTHUR LEE; CHRIS LOH  -  1,219 words
    • Article
      Who's who among the heavyweights
      655 14 Top 50 ranked by sales/turnover INKING COMPANY turnover 98/99 97/96 (SS'OOO) 1 1 Caltex Trading 16,900,925 2 2 Shell Eastern Trading 12,174,401 3 14 Mitsui Oil (Asia) 9,311,919 4 6 SK Energy Asia 8,809,841 5 8 Nissho Iwai Petroleum Co (S) 8,589,990 6 3 Hewlett-Packard
      655 words
    • Article
      Petroleum MNCs dominate list
      303 14  -  SIA the only local company among the top 10 Reports by, Jennifer Lien IT comes as little surprise that foreign multinationals, particularly petroleum companies with billions of dollars in fixed assets here, dominate the top levels of the latest Singapore 1000 list. In fact, nine out
      303 words
    • Article, Illustration
      No exceptions entertained in compilation of top 1,000
      341 14 TO maintain the Singapore 1000's integrity as an authoritative and complete ranking of Singapore's top companies, no exceptions are entertained, said publisher DP Information Network. "No companies are left out based on requests," said DP general manager Chen Yew Nah. "We have
      341 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      130 9 In business, presentation is everything. Which is why Mercedes-Benz Commercial Vehicles provide the best solutions for your business needs. So whether it's goods or passengers you're carrying, we always deliver reliability, safety, economy and comfort. All with the unmistakeable Mercedes-Benz stamp of prestige and style. So drop by our showroom
      130 words
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      129 10 Facing today's toughest economic challenges emerging a Winner! We honour salute these 1000 remarkable companies in their achievements. tfHH mm ■i« n S UK U Ak H <fl ■fk M IH ."Ijwvi yJH A uAnii A J» J v WliF Ba *90 •..4jfc. v A K Congratulations to The Top
      129 words
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      Page 12 Advertisements Column 1
      97 12 U lk~ I V H I I f «g>U-t r-s. wKo f "t lr\ SUK f K v-J OU »r 7 Does your world stop spinning when the sun goes down? Does life come to a standstill the moment darkness falls? Or do you continue doing the things you do,
      97 words
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      177 13 *< H^HV r^Mi mm Wji *~w <ffl I fl^| hm^^K 1^ Jf! J f 4 \W T x H fl B .4"# X £fe| V 4K9| V Xm v- IC J 12 w J SL shs^^^* I J f I II I The Compaq Deskpro EN Series Small Form Factor.
      177 words
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  • FOCUS
    • Article, Illustration
      Lock icon Housing booms with the economy
      2833 15 The Fed chairman traces how the US mortgage industry has helped fuel home ownership during a period of 'spectacular' economic growth recently Reuters The following is the full text of US Federal Reserve Board chairman Alan Greenspan's prepared speech to the Mortgage Bankers Association (MBA)
      Reuters; REUTERS  -  2,833 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      US should not turn spy case into Red scare
      847 16  -  THB BOTTOMLDVE OPINION By Tom Plate The writer, a Los Angeles Times columnist, also teaches at the University of California, Los Angeles. E-mail: TplatedLMcla.edu AMERICA, with its vast technological accomplishments viewed by US business as proprietary information and the US military
      847 words
    • Article
      IN OTHER WORDS
      98 16 'Being in the public eye, as Monica Lewinsky will be for the rest of her life, is like being the lady with the moustache at the circus. You are a curiosity and you will never stop being one.' Christine Kadar the model at the centre of the
      98 words
    • Article
      A trade war over bananas?
      616 16 EDITORIAL AS trade disputes go, the one between the United States and the European Union over banana-im-port rules that allegedly discriminate against US companies, seems a bit overwrought In fact, all the threats and counter-threats are over a matter that accounts for less than one
      616 words
    • Article, Illustration
      Lock icon Banana drama may escalate into trade war
      1136 16  -  Rising tensions between US and EU pose threat to multilateral trade system nnder WTO By Leon Hadar The writer is BT's Washington correspondent AFTER close to six years in which we all enjoyed those clever headlines and entertaining cartoons about the ups and
      FILE PHOTO  -  1,136 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      980 16 Precarious prat frwdoo CHARGES of abuse of freedom hurled at the media from several quarters in recent months only go to show how precarious press freedom still is in Indonesia even in the reform era, and how unused we are to the workings of a democratic
      980 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Lolita may face Aussie ban
      324 17 FILM PM, conservative lawmakers worry it may encourage paedophilia Reuters [CANBERRA] Australia may ban a new film version of Lolita, a love story involving a middle-aged man and a 14-year-old girl, after conservative Prime Minister John Howard voiced concern at the film's approval for local
      Reuters  -  324 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      511 17 Where to wine, dine and entertain..." (81 fisssfir. aSSSnsw^e. Treat yourself to a wide range of Japanese cuisine. Enjoy Yaki Niku, Sake, Sushi, Sas timi and many more plus tantalising desserts. Buffet Lunch 8C Dinner: £23.50 (Adult] £16.50 (Child) (Lunch duly eacept Saturday "Tunch from 12 noon id 4.30pm. Dinner
      511 words
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      Page 17 Advertisements Column 2
      114 17 I r— Food Wine Festival 1 3 1 March 1999 J We bring you the grandeur of this French region at Top of the M "JOD Revolving Restaurant Bon Appetit! Revolving Restaurant Reservations: 831-6258/88 whnoor JL Mantkirui Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 Moussandra
      114 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      1117 17 CRYPTIC CROSSWORD 1 Diagram showing pubcrawl 15 One hurrying, we hear, to the country (6) JIHBBB some linen (6) 24 Bliss to be among the aveng- 6 Indication playwright is YEgTERDAY-8 SOLUTION state (8) open t0 love (7) lLlEl Q E lNlD«AlaHßh]E[vjE| down 7 one claimin 8 to be peer
      1,117 words
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  • MOTORING
    • Article, Illustration
      Lock icon Bumper crop of COEs expected for 1999/2000
      420 18  -  Base quota formula on projected deregistrations to make it more responsive, says review panel Byi Christopher Tan [SINGAPORE] THIS coming quota year should yield a bumper crop of COEs after all, if the review committee's suggestion is accepted. The committee recommended that the
      ARTHUR LEE  -  420 words
    • Article
      Cut COE categories to five, panel suggests
      442 18  -  By] Eugene Low [SINGAPORE] The number of categories in the Certificate of Entitlement (COE) bidding system may be cut to five from seven if a recommendation of the Vehicle Quota System Review Committee is accepted. The committee, which released its report yesterday, recommended
      442 words
    • Article
      Pay-as-you-bid system thrown out again
      311 18  -  Byi Christopher Tan [SINGAPORE] The pay-as-you-bid system has been rejected, once again. The review committee admitted that there had been several calls for the format, which proponents felt would stem desperately high bids. However, it highlighted a number of "shortcomings" such a system would present.
      311 words
    • BUMPER to BUMPER
      • Article
        Audi's TT Roadster arrives next year
        91 18 AUDI'S TT Roadster is scheduled to be launched in early 2000. The car is an open-top version of the TT coupe. Its quattro version will be the only four-wheel-drive topless roadster other than the Lamborghini Diablo Roadster. Like the coupe, there are two engine
        91 words
      • Article, Illustration
        RS to make Le Mans debut in June
        86 18 THIS is a glimpse of the RB, Audi's entrant into the world of Le Mans this June its maiden attempt. The 900 kg carbon-fibre car has a turbocharged V 8 (less than four litres) that will pump out 550 horsepower driving its
        86 words
      • Article
        Joint venture to make security devices
        74 18  -  Complied by Christopher Tan SINGAPORE-BASED Slant Electronics Ltd is investing US$l million (Ssl.7 million) in India to set up a joint venture to produce a range of anti-theft car security devices and power windows. According to a Bernama report, the manufacturing facility is being
        74 words
    • Article
      Committee favours trial run for open bidding
      392 18  -  I think open system will lead to more rational behavionr, says panel chairman By < Christopher Tan [SINGAPORE] Admitting that it was entering uncharted territory, the COE review committee has proposed that open bidding should undergo a trial period first. The format where
      392 words
    • Article
      A significant but unexpected proposal
      379 18  -  One-point rise in growth rate works ont to 3,700 more cars yean analyst By* Christopher Tan [SINGAPORE] It was a proposal no one counted on. Yet, it could well be the most significant and impactful recommendation the COE review committee has come up with. The
      379 words
    • Article, Illustration
      More transparency, less volatility
      599 18  -  COMMENTARY Proposals on balance seem to be for the better By Christopher Tan IF there is an underlying theme to the proposals of the Certificate of Entitlement (COE) review committee, it must be more transparency, more predictability, and less volatility. It's a worthy objective, considering how
      599 words
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      415 18 ADVERTISEMENT A Renault test-drive pays off for winner IT WAS like a dream come what they don't realise is that Not surprising as the true for her when Jacqueline the Renault of today is very Clio, with its bold new Lee was informed that she different from those of shape
      415 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Frenzied trade in UIC as punters anticipate bidding war
      790 19  -  THE UIC BUY-IN Record 50m shares traded, HKB says it's being friendly as UOB stays silent By'. Lee Han Shih PUNTERS shuffled a record 50 million United Industrial Corp shares yesterday in anticipation of a bidding war for the company between
      Compiled by BT  -  790 words
    • Article
      Salim selling to bail out its prized BCA
      705 19  -  From Shoeb Kagda in Jakarta INDONESIA'S largest and once most politically-con-nected conglomerate, the Salim group, is selling parts of its vast business empire in the region to raise cash to bail out its crippled Bank Central Asia (BCA), industry sources told BT.
      705 words
    • Article
      Labroy Marine lifts net 26% to $18m
      303 19  -  But shiprepair margins worsen with competitive bidding By) Louis Beckerling [SINGAPORE] Shipping group Labroy Marine yesterday reported a 26.5 per cent increase in earnings to $17.9 million for the year ended Dec 31, as turnover rose 65.5 per cent to $161.4 million. With
      303 words
    • Article
      Japan to offer Euroyen Libor futures contract
      599 19  -  Swift response to Simex contract launched in Feb By I Siow Li Sen [SINGAPORE] Japan has moved with uncharacteristic speed to launch a Euroyen Libor futures contract and remove what is now a Singapore monopoly. The Tokyo International Financial Futures Exchange (Tiffe) is
      599 words
    • REGIONAL COMPANIES
      • Article
        MBf posts RM1b loss, gives up hope of regaining finance unit
        771 20  -  Losses don't include ailing MBf Finance; group revises capital reduction terms From. Eddie Toh, Diana Oon Abdullah in Kuala Lumpur THE Loy family's MBf Holdings (MBf), which yesterday reported a staggering net loss of over one billion Malaysian ringgit
        771 words
      • Article
        KLSE set to remove settlement anomaly
        524 20  -  One-day lag between delivery and payment deters foreign funds From'. Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange is expected to announce today plans to solve a settlement problem the one-day lag between delivery and payment of shares. The details are expected
        524 words
      • Article, Illustration
        Lock icon HK$542m loss: Cathay Pacific's first in 35 years
        805 20  -  Exceptional losses of HKsB69mwipeont operating profit of HKs397m From< Quak Hiang Whai in Hongkong HIT by the fall impact of the Asian financial crisis, Cathay Pacific Airways yesterday reported its first full-year loss in 35 years. Peppering his remarks with words like
        AFP  -  805 words
      • Article
        The Sony effect sends Nikkei bears packing
        915 20  -  HOCK LOCK SIBW Anthony Rowley KABUTOCHO is the quarter of Tokyo where the Tokyo Stock Exchange is housed and for almost a decade it has been the territory of bears who took possession from the bulls that used to inhabit Tokyo's "Wall Street".
        915 words
      • Article
        Falmac in talks to restructure $21m credit facilities
        221 20 [SINGAPORE] Sesdaq-listed Falmac has joined the growing list of Singapore companies crippled by a cash crunch. The knitting machine maker yesterday said it is negotiating with "several lenders" to restructure existing credit facilities totalling $21.4 million. The company did not name the
        221 words
      • COMPANY Briefs
        • Article
          Harimau in the red with $1.13m loss
          70 20 [SINGAPORE] Harimau Investments yesterday announced a loss of $1.13 million for the year ended Dec 31, compared to a net profit of $2.7 million in the previous year. It attributed the loss to the poor economic environment and downturn in stock markets. Dividend
          70 words
        • Article
          Lock icon Ayer Hittam Tin cuts loss to EM$1.2m
          87 20 Bernama [KUALA LUMPUR} Ayer Hitam Tin Dredging Malaysia has reduced its group pre-tax loss to 1.18 million Malaysian ringgit (***** million) for the six months to Dec 31, from RM9.71 million in the same period of 1997. Group sales, however, shrank by 78
          Bernama  -  87 words
        • Article
          Lock icon Nissan scouting for new partner
          93 20 AFP [TOKYO] Japan's Nissan Motor Co said yesterday it would keep searching for a new partner after DaimlerChrysler AG said it was no longer interested in buying a stake in the firm. "We will continue to seek the possibility of joint projects with DaimlerChrysler in
          AFP  -  93 words
        • Article
          Lock icon Daewoo: buyout terms not confirmed
          97 20 Bloomberg [SEOUL] Daewoo Group, which will acquire the Samsung Group's auto business, Samsung Motor Inc, denied a report it already decided which group units will fund the buyout. "It's too early to talk about the fund allocation among our group units," said Kim Byung Choi,
          Bloomberg  -  97 words
        • Article
          Lock icon Uganda to sue Westmont Land for fraud
          118 20 Bridge News [NAIROBI] The Uganda government plans to sue Westmont Land (Asia) to recover Westmont's 49 per cent shareholding in Uganda Commercial Bank because of fraud in the share purchase, said Naheed Kirmani, assistant director of the International Monetary Fund's African Department. She
          Bridge News  -  118 words
    • COMPANIES
      • Article
        HK Land net profit dives 67% as rents, property values plunge
        536 21  -  USs24Bm provisions, USs3.47b revaluation deficit; company's chairman remains cautious From Quak Hiang Whai in Hongkong HIT by sharply lower rents and plunging property values, Singapore-listed Hongkong Land Holdings yesterday reported a 67 per cent drop in net earnings last
        536 words
      • Article
        Spindex Industries' interim profit rises 2%
        207 21 [SINGAPORE] Spindex Industries' interim net profit rose 2 per cent to $2.6 million, and would have been higher if not for foreign exchange losses. For the half-year ended December, the Sesdaq-listed firm's forex losses amounted to $87,000, compared to forex gains of about $1
        207 words
      • Article
        Lock icon Sony up 9% on revamp; cost cut news
        103 21 Bloomberg [TOKYO] Sony Corp's shares rose as much as 9 per cent following plans by the world's second-biggest consumer electronics company to spend US$2.7 biUion (554.7 billion) to buy out three subsidiaries and take cost-cutting steps. Sony shares rose as much as
        Bloomberg  -  103 words
      • Article, Illustration
        Lock icon RJR Nabisco to sell int'l tobacco unit
        481 21 USsBb deal with Japan Tobacco; company also separating food and tobacco assets AFP [NEW YORK] RJR Nabisco, battered by anti-cigarette litigation, on Tuesday announced plans to sell its international tobacco unit to Japan Tobacco and to spin off its domestic operation, RJ Reynolds.
        AFP; REUTERS  -  481 words
      • Article
        Nod for Total Automation's Sesdaq listing
        444 21  -  Company to use IPO foods to expand in Middle East, gain foothold in Eorope Wong Wei Kong [SINGAPORE] Total Automation yesterday announced that it has received in-princi-ple approval from the Stock Exchange of Singapore for a Sesdaq listing. The company will launch its IPO
        444 words
      • Article
        PLUS creditors yet to agree to Renong deal
        493 21  -  One obstacle: fall in forecast cashflow due to new toll structure, cut rates fYom Eddie Toh in Kuala Lumpur THE creditors of toll road operator PLUS which is essentially financing the new restructuring exercise of debt-laden Renong and associate United Engineers Malaysia
        493 words
      • Article
        Lock icon Dairy Farm net up; sees tough conditions
        248 21 Mandarin Oriental loss at USs4m; takes USs24m charge Reuters [LONDON] Retailing and wholesaling group Dairy Farm International Holdings Ltd, reporting higher annual profits, said yesterday the difficult economic conditions in Asia are expected to continue through this year. Dairy Farm is partially owned
        Reuters  -  248 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel stock loses 3.6% on talk of profit shortfall
        385 22 Chip maker won't comment on rumours that weak PC market will hurt earnings in Q1 Reuters [SAN FRANCISCO] Shares of Intel Corp, the world's largest chip maker, dropped on Tuesday amid market rumours that the company would preannounce a first-quarter earnings
        Reuters  -  385 words
      • Article
        Lock icon Olivetti cries foul over TI loan plan
        402 22 Telecom Italians bid to raise 10b euro loans illegal, it says Bloomberg [MILAN] Olivetti SpA, Italy's No 2 phone company, said Telecom Italia SpA, the rival it's trying to buy, would be acting illegally by borrowing more than 10 billion euros (Ssl9 billion)
        Bloomberg  -  402 words
      • Article
        Lock icon BHP doubles job cuts after more volunteer to be axed
        127 22 Bloomberg [MELBOURNE] Broken Hill Proprietary Co, Australia's biggest iron ore producer, said it doubled the number of jobs to be slashed from its Newman iron ore operations after more staff than expected sought voluntary redundancy. "We wanted 125 to come
        Bloomberg  -  127 words
      • Article
        Lock icon Coles Myer profit up 11% on Kmarl, food and liquor sales
        376 22 Biggest Aussie retailer sees growth contmning Bloomberg [MELBOURNE] Coles Myer Ltd, Australia's biggest retailer, said first-half earnings rose 11 per cent, boosted by a surge in profits from its Kmart stores and continued growth from its largest division, food
        Bloomberg  -  376 words
      • Article
        Lock icon Nikon sees 67% bigger loss as chipmakers cut spending
        254 22 Bloomberg [TOKYO] Nikon Corp, the world's largest maker of steppers used to etch a microchip's circuitry onto silicon wafers, said it will expand its group loss forecast by about two-thirds for the year ending March 31 on capital-spending cuts by computer
        Bloomberg  -  254 words
      • Article, Illustration
        Lock icon Marks & Mannequins
        81 22 Marks Mannequins [BLUEWATER, London] Staff from Marks Spencer carrying mannequins to their new store at Blue water, 40 km south-east of London, which opens on Tuesday. The shopping centre, which claims to be the largest retail and leisure destination in Europe, has been built in a disused quarry and has
        AFP  -  81 words
      • Article
        Lock icon Infosys' debut makes it the first Indian firm to trade on Nasdaq
        347 22 Listing will set path for other hopeful software companies AFP [NEW DELHI] Indian stockmarket favourite Infosys Technologies will today become the first Indian company to be traded on Nasdaq, forging a path that many other software firms here
        AFP  -  347 words
      • Article
        Lock icon GE won't sell NBC; to focus on Internet plans
        315 22 Bloomberg [NEW YORK] General Electric Co (GE), the second-larg-est US company by market value, won't sell its NBC unit and expects a report from its businesses in May on their plans for the Internet, said chief executive John F Welch Jr.
        Bloomberg  -  315 words
      • WORLD Briefs
        • Article
          Lock icon Porsche boosts interim net by 68%
          92 22 Bloomberg [GENEVA] Porsche AG, the German sports-car maker, said fiscal first-half profit rose 68 per cent on especially strong US sales of its trademark 911 model. The German company said net income for the six months ended Jan 31 rose to 117.4 million Deutschemarks
          Bloomberg  -  92 words
        • Article
          Lock icon Oracle buys E-Travel for US$35m
          82 22 Bloomberg [REDWOOD SHORES, California] Oracle Corp, the No 1 database-software maker, said it acquired closely held E-Travel Inc for US$35 million (5560.5 million) in cash to expand into the market for electronic-commerce programs. Concord, Massachusetts-based E-Travel makes software that lets employees book and plan business
          Bloomberg  -  82 words
        • Article
          Lock icon Fluor Corp to axe 5,000 jobs
          78 22 AFP [IRVINE, California] Fluor Corporation, a provider of business support services, said on Tuesday that it will slash s,ooojobs and shutter 15 offices in a bid to save US$l6O million (***** million) a year. The jobs to be eliminated include 4,000 in the 15
          AFP  -  78 words
        • Article
          Lock icon Mazda credit arm to sell 100b yen bonds
          80 22 Bloomberg [GENEVA] Mazda Motor Credit Co will within 18 months sell 100 billion yen (Ssl.4 billion) of bonds backed by Japanese auto loans, reflecting an improved balance sheet at the unit's parent company, Mazda Motor Corp. Mazda Credit is the finance affiliate
          Bloomberg  -  80 words
        • Article
          Lock icon Pfizer gets nod to sell Viagra in Canada
          102 22 Bloomberg [NEW YORK] Pfizer Inc, the fourth-largest US drugmaker, said it won approval to sell its Viagra impotence pill in Canada. The clearance is the latest in a string of approvals for the impotence drug, which became a household name in the
          Bloomberg  -  102 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Merrill hit by losses in Latin America and Asia
        372 23 Emerging markets slump slashes revenue from trading and investment hanking Bloomberg [BUENOS AIRES] Merrill Lynch Co, the biggest US securities firm, said it lost money in Latin America and Asia last year as a slump in emerging markets cut revenue from
        Bloomberg  -  372 words
      • Article
        Lock icon Amazon.com sues Wal-Mart for slander, defamation, libel
        207 23 Retailer had earlier sned bookseller for theft of trade secrets Bloomberg [SEATTLE] Amazon.com Inc has sued Wal-Mart Stores Inc for slander, defamation and libel after Wal-Mart accused the No 1 online bookseller of stealing its trade secrets. Amazon.com's countersuit against the world's largest
        Bloomberg  -  207 words
      • Article, Illustration
        Lock icon BASF, Bayer outlook remains cloudy
        479 23 Both post profits in line with forecasts amid talk of a tough '99 for chemicals Reuters [FRANKFURT] Germany's two largest chemical companies, BASF AG and Bayer AG, reported earnings broadly in line with expectations on Tuesday, but added little to soothe nerves over the industry's
        Reuters; REUTERS  -  479 words
      • Article
        Lock icon Former Nikko execs on false-records charge
        314 23 Bloomberg {WASHINGTON] Three former Nikko Securities executives in the US have been charged by regulators with falsifying the Japanese brokerage firm's records in connection with its sale of mort-gage-backed securities. The US Securities and Exchange Commission alleged that the firm's New York unit, Nikko
        Bloomberg  -  314 words
      • Article, Illustration
        Lock icon AT&T completes acquisition of TCI
        339 23 Bloomberg [NEW YORK] AT&T Corp, the largest US telephone company, completed its U5559.4 billion (*****.8 billion) purchase of Tele-Communica-tions Inc (TCI), forming a company that will offer phone, cable and Internet services to 33 million US households. Holders of TCI Class A common stock will
        Bloomberg; FILE PHOTO  -  339 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon France joins global banking battlefield
        1022 24 BNP's strike fits picture of global restructuring AFP [PARIS] The attack by Banque Nationale de Paris (BNP) to hijack a merger between Societe Generale and Paribas signals extraordinary upheaval in the French financial establishment but fits a picture of inexorable restructuring by banks seeking global
        AFP  -  1,022 words
      • Article
        Lock icon HSBC ousts Lloyds as Britain's largest bank
        355 24 USsBlb market cap boosts it to 3rd spot among world's banks Reuters [LONDON] HSBC Holdings, parent of Britain's Midland Bank, has knocked Lloyds off its perch as Britain's biggest bank. Measured by the value of their shares at the London market's close on
        Reuters  -  355 words
      • Article
        Lock icon Goldman says sorry to Thailand for report
        593 24 Bangkok Bank fell after bulletin; panel to discuss punishing firm Bloomberg [HONGKONG] Goldman Sachs, the largest US investment banking partnership, apologised to Thailand for an analyst report that drove down shares of the nation's biggest bank. A Thai parliamentary committee is threatening to
        Bloomberg  -  593 words
      • Article
        Lock icon China to give brokerages access to interbank market
        243 24 AFP [SHANGHAI] China will soon allow all its brokerages to raise finances on the interbank and bond-repurchase markets, the official Shanghai Securities News yesterday quoted the top securities regulator Zhou Zhengqing as saying. The China Securities Regulatory Commission (CSRC) chairman also revealed
        AFP  -  243 words
      • Article
        Property stocks push futures higher
        204 25  -  rum riii Reports MSd Singapore Index Bob Butcher, Jardine Fleming PROPERTY stocks pulled the Singapore stock market and the futures contract listed thereon, the MSCI Singapore Free Index, higher yesterday. The rise came on news that developers and the tax authorities were in talks on
        204 words
      • Article
        Tight-range trading amid lack of incentives
        183 25  -  MSCI Taiwan fatnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened slightly lower yesterday as there was no new incentive for investors to enter. Nasdaq's overnight loss of 4.68 points added on to the pessimistic view of over-competi-tiveness in the
        183 words
      • Article
        Lock icon Crude little changed despite report of Opec output cut deal
        318 25 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed, retreating from an early gain, as a report of an imminent agreement by the Organisation of 'Petroleum Exporting Countries (Opec) to cut output was tempered by the group's inability to
        Bloomberg  -  318 words
      • Article
        Lock icon CURRENCY REPORT
        325 25 Reuters, Bloomberg London THE euro rebounded yesterday after days in the doldrums, partly because currency markets softened their harsh view on the outlook for European economies. Receding prospects for a US interest rate hike, and a German finance ministry document opposing currency target zones, helped the euro to
        Reuters,; Bloomberg  -  325 words
      • Article, Illustration
        Untitled
        1252 25 INTERBANK CROSS RATES *S C$ Euro Ffr Dm HKS Ind »s fruptah Yen Won BM WZ$ Pat t s$ Rand Sfr MT$ ffiW FoM* US$ 0 966 6,78 0 584 3 829 1M1 4940 ***** ***** 0769 7 2.4T9 1186 ***** 24MA 1104 3.927 0.934 ***** ***** 0.394 0638 Canada
        1,252 words
      • Article
        Untitled
        1850 25 S1C0M FUTURES Mar 10 RUBBER (future* c<omn)*s «t 5.30pm) RSS t centsA?) ClOM Volume Open Month High Low Sett (tonne*) Interest Apr 99 107.25 650 May 99 109.25 975 JM 99 m.25 tTl.25 H1.25 600 300 Jut/Sep 99 114.75 825 Oct/Dec 99 118.25 225 Jen/Mar 00 121.75 RSS 3 CONTRACT
        1,850 words
    • Article, Illustration
      Lock icon HONGKONG
      1404 26 AFP +216.06 HONGKONG stocks closed 2.1 per cent higher yesterday as retail and institutional investors engaged in rotational buying of blue chips, said dealers. The key Hang Seng Index closed up 216.06 points at 10,749.01 on total turnover of HK56.47 billion. "The rally is continuing with rotational buying of
      AFP  -  1,404 words
    • Article, Illustration
      Lock icon CHINA
      580 26 Reuters d Shenzhen B Index -L 39 SHENZHEN'S B share index slid 3.23 per cent to end at a new record closing low yesterday as foreign investors continued to pull out of the long-bearish market, analysts said. The B index lost 1.39 points to 41.56 after hitting an all-time
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  580 words
    • Article
      Lock icon TAIPEI
      318 26 AFP □wp Index -482 TAIWAN share prices closed 0.1 per cent lower yesterday in narrow-range trading amid a lack of fresh leads, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index dropped 6.82 points to 6,486.61. Potential buyers were reluctant to enter the market as the index approached
      AFP  -  318 words
    • Article
      WORLD STOCK MARKETS
      2203 26 LomoM wwmm Mntrials HsrM hmM ♦/-1 31 Croup 6.10 -0.03 Allied Domecq 5.06 0.18 Allied Zurich 9.08 0.06 Anglo American Gold 23.50 -0.50 ASOA Group 148 0.01 A B Foods 4.48 -0.03 A 8 Ports 2.81 0.03 i Bank of Scotland 8.89 -0.24 Barclays 18.14 0.50 IMI
      2,203 words
    • Article
      TOKYO
      1631 26 P Nikkei 225 *3813 SHARE prices in Tokyo surged 2.5 per cent to a seven-month high in heavy trading yesterday, as Sony kept leading the market along with other blue chips, brokers said. The key Nikkei stock average of 225 leading issues surged 383.30 points to end at 15,480.00,
      1,631 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8333 27 MOUSTMAiS Consumer products '"9 Last Vol Day Net Cap Hlfh L— Cawpawy 1«H -000 HUh Low P/t $wm 310 270 A)inorooto 270 -14 9 109 4 83 61 Angkasa 62 1 16 63 62 914 283 220 Apollo Food Hlg 220 7.7 88 0 204 137 Ber)aye Land 139 -2
        8,333 words
      • Article, Illustration
        Lock icon Sabah state poll worries pull down prices
        408 27 AFP n Composite Index -2.41 MALAYSIAN share prices ended 0.5 per cent lower yesterday due to selling by local and foreign institutions ahead of a key state election. "Profit-taking dominated play in late afternoon ahead of the Sabah-state election," an institutional trader with
        AFP  -  408 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2092 28 BOMBS, LOANS ft WARRANTS wt 92-Wk Last Vol Day Last Quote Avg High Low Stno Company SM ♦or- COOO) High Low Buyer Seller Prlc# 18 3 3160 "Acer ******1 USS 12 n5 13 35 4.5 3164 Acma ******4 17 *0.5 177 t7 16.5 17 17.5 17 3161 AIITech ******7 28.5
        2,092 words
      • Article
        UIC wrt: gaining from unusual event
        201 28  -  WARRANT WATCH -By R Sivanithy LAST week, we highlighted the UIC 1999 warrant in this column, pointing out that despite having some very good numbers, the main obstacle would be the limited time left. Little did we suspect that the instrument would perform the
        201 words
      • Article
        CLOB INTERNATIONAL
        230 28 H0NGK0M6 STOCKS Gr Or 92-Wk Last Vol Day LMt OuMi Mv Otv YM Nat M Cap High Low Stno Com#any Sat* COOO) High Low 8uyor SaUar C'vr P/I Srnll 185 173 5123 COL (2000) HK 173 172 190 8 2 4 4 6 8.9 3349.6 5124 Cathay Pac
        230 words
    • Article, Illustration
      Lock icon JAKARTA
      708 28 AFP n Composite Index jg SHARES closed 1.5 per cent down but off their lows yesterday amid a late technical rebound in select big caps led by Telkom, dealers said. An analyst with a local brokerage said the index fell to a low of 370 points before late buyers
      AFP  -  708 words
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      Lock icon BANGKOK
      896 28 AFP |H[ SET Index ♦3.69 THAI shares rose 1.1 per cent yesterday as speculative buying in the banking sector reversed earlier losses, dealers said. Dealers said concerns over delays in the passage of economic legislation undermined the market for most of the day but bargain hunting emerged in the
      AFP  -  896 words
    • Article
      Lock icon MANILA
      342 28 AFP n Manila -1&93 SHARE prices closed 0.8 per cent lower yesterday due to renewed worries that China may devalue the yuan, analysts said here. The Composite Index fell 16.93 points to close at 1,981.48 points. Turnover rose to 593 million shares worth 837 million pesos compared to 590
      AFP  -  342 words
    • Article
      Lock icon SEOUL
      425 28 AFP Q Composite Index -&58 SOUTH Korean share prices closed 0.6 per cent lower yesterday on futures-linked selling one day before the expiry of March contracts, dealers said. They said the market opened weaker on renewed concerns over a yuan devaluation and the steep fall in the Shanghai market
      AFP  -  425 words
    • Article
      Lock icon SYDNEY
      660 28 AFP UAH Primaries ♦ld6 AUSTRALIAN share prices gained 0.4 per cent yesterday in listless trade following a quiet session on Wall Street, brokers said. The All Ordinaries Index rose 10.6 points to 2,931.4. The All Industrials Index rose 9.9 points to 5,300.7 while the All Resources Index added 13.9
      AFP  -  660 words
    • Article
      Lock icon WELLINGTON
      309 28 AFP |3 Wellington -1L72 NEW Zealand shares fell 0.5 per cent yesterday as market leader Telecom Corp dipped. The NZSE-40 Capital Index ended down 11.72 points at 2,144.08 on turnover of NZ$9O.9 million. Forsyth Barr's Mark Devereux said trading was light apart from Telecom, which accounted for two-thirds of
      AFP  -  309 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6692 29 Transaction date Mai 10 Of er urn 52-*fk Last Vol Day Last Ouote Dlv Dtv Ykl Net Cap Av« HUfc Law StNo Company Sato COOP) Low Buy or Seller C'vr P/l SmM Price MULIHNOUSTVY M2 17.5 mt lOOO AcmaSOc 72 *2 102 72 71
      6,692 words
    • Article
      SESDAQ
      1334 29 Cr Cr M Wt 52-W* Last Vat Day Last Owtl 0*v Mv YM Mat Cap A»o High Law StMa Company Sate rOOO) Mfcjfc Law Bwyor Mir C'vr P/E SmH Prtct MARUFACTUMM 219 30 2049 AS Auto 10c 94.5 *5 2335 95.5 90 94.5 95.5 tS N 7 1.6 8.9
      1,334 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        393 30 Stocks VoHiim UIC 49,967,000 IHC Wt99 35,285,000 Wing Tai 25c 17,518,000 GES Jntl Ltd 20c 13,630,000 DBS Land 11,396,000 Hotel Prop 9,010,000 STEnggWc 7,656,000 Keppei Land 50c 7,380,000 CK Tang Wt99 6,307,000 Keppei LandWOO 5,563,000 Stock! UIC 43,775,845 DBS Foreign 30,298,485 City Dev 50c 28,749,330 DBS Land 27,093,651 SPH 23,799,795
        393 words
      • Article, Illustration
        Property stocks surge, giving market a shove
        618 30  -  STOCK MARKET COMMENTARY UIC also in limelight; electronics shares under pressure; undercurrent of scepticism still strong By R Sivanithy PROPERTY stocks provided the impetus yesterday for the local market to shake off its recent lethargy while banks continued to display resilience despite a
        618 words
      • ON THE GRAPEVINE
        • Article
          Gong Sea Food Cai
          123 30 ITS turning out to be a prosperous Rabbit Year indeed for the seafood stalls at the East Coast UDMC Centre. MasterCard has handed out $2,500 to the popular Long Beach UDMC Seafood Restaurant, $1,000 to the Jumbo Seafood restaurant and $500 each to the Lucky View
          123 words
        • Article
          Mr Over-miles
          111 30 YESTERDAY was a big day for Phillip Overmyer, head of AT&T carrier services in the Asia Pacific region. He was admitted to the exclusive list of Singapore Airlines' Solitaire membership for priority passengers who had flown at least half a million miles. The energetic telecoms boss is already
          111 words
        • Article
          Sunny side up
          101 30 ORACLE Corp president Ray Lane is clearly someone who sees the cup half-full when others might see it half-empty. The company, whose software is used in most of the world's large corporations, organised a large regional conference here earlier this week in which Mr Lane was the
          101 words
        • Article
          No need to be alarmed
          110 30 IN the old days, the ringing of bells was used to announce the birth of royalty and other important events. However, seldom has a fire alarm heralded the opening of a store. Last Friday, during the official opening of NTUC Fair Price's American-style Liberty supermarket,
          110 words
      • Article, Illustration
        HOT STOCK
        63 30  -  By Wong Wei Kong WING Tai Holdings closed up $0.08 yesterday at $1.21 on a volume of 17.5 million shares, compared with its 10-day traded average of 2.34 million shares. The daily and weekly RSI and Stochastics suggest that the stock may be overbought and near-term upside may
        63 words
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      57 19 ——^LiP < 1 If I n f "-.WLWILMgWJMLURI——^g!— *iSr^ I Daily to Switzerland and Europe. Travel, they used to say, frees the mind. It still can. So relax. Think your thoughts. And leave everything else to us. 9 mm Swissair. We care. swissair^y 4JS Orchard tiiuid. olfll>4A)sA>f> Wnma Ainu. Singapore
      57 words
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      155 21 An invitation to enter your company for the first-ever Singapore H.E.A.L.T.H. Award. For the first time, the prestigious H.E.A.L.T.H. (Helping Employees Achieve Life-Time Health) Award awaits organisations that believe in inculcating healthy lifestyles and habits in their staff. This recognition speaks volumes of your status as a caring employer who
      155 words
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      93 22 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      681 23 41* LABROY MARINE LIMITED i (Incorporated in the Republic of Singapore) 1998 RESULTS The Directors of Labroy Marine Limited wish to announce the unaudited results of the Company and the Group for the year ended 31st December 1998 as follows: GROUP COMPANY 1998 1997 1998 1997 SS'OOO SS'OOO SS'OOO Ss'ooo
      681 words
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      31 27 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. 1 I Buy It Sdlk. FM k.
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      61 29 Citibank Margin Trading Account Trade up to 2.5 times your share value I or withdraw CASH on it. I Call 339-7126 now. the cm ne/:r sleeps Hi i lit li c s aI I Shi'ii I ii n .1 2<> S Oi»li a i il K<>.i il 21 I iiio
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      1603 30 What investments are people talking about? join our forum at http J/ www.cibs.com.sg/iol/bbs/ 881 )BSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298| world-class^.,,, Use creative recruitment Ads to KT enhance your corporate image. IN THE MATTER OF THE COMPANIES ACT, CAP. se AND IN THE MATTER
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      312 31 Bridge News, Reuters THE focus switched to South American loaders with several of the major grain houses active, brokers said. Atlantic rates are still firm but have slipped from the highs seen last week. TANKERS: Brokers continued to talk of softer rates for very large crude carriers from
      Bridge News,; Reuters  -  312 words
    • Article
      MARITIME STOCKS
      288 31 SIS 000 MarW 8 VI CWT Distribution 0.53 *0.03 69 Chuon Hup 0.60 unch 151 Cosco Investment 0.505 *0.03 17 Freight LMi 0.165 unch 534 08 Holdings 048 *0.01 15 Hal Sun Hup 0.47 *0.02 106 IMC Holdings HK 5.60 Jeya Holdings 0.565 *0.01 94 Shipyard 6.65 *0.15
      288 words
    • Article, Illustration
      Lock icon Global seaborne trade posts first fall in 15 years
      451 31  -  It slipped 0.7% to 5,070 m tons last year after growing 5.1% in 1997 By Felix Chan [SINGAPORE] World seaborne trade fell for the first time in 15 years to 5,070 million tons last year, according to a recent report by
      FILE PHOTO  -  451 words
    • Article
      Read what Hayer says before you order
      748 31  -  NEWBUILDS By David Hughes THERE have been some substantial newbuilding deals struck in the past week or two as this week's new orders list testifies. The sight of German owners placing substantial containership newbuilding orders is hardly novel but is interesting in that
      748 words
    • Article
      Freight rates to go up by US$100 per box from April
      373 31  -  FEFC move follows rise in imports into Asia from Europe By Marcus Hand [SINGAPORE) There are signs that the trade imbalance which crippled main line trades last year may be easing with the news that European and Asian members
      373 words
    • Article
      New service to link Asia, Mexico
      258 31 [SINGAPORE] Neptune Orient Line's (NOL) container and logistics arm APL and Mexico's TMM will inaugurate a new weekly trans-Pa-cific service between Asia and Mexico, featuring the industry's first non-stop call at the Mexican port of Ensenada. Scheduled to commence in April, the upgarded service
      258 words
    • Article, Illustration
      Lock icon Handling unruly passengers
      762 32 AIRLINE INDUSTRY Regional airlines are taking a tougher stand on passengers who behave badly on board flights AFP FROM handcuffs to jail terms, airlines in the Asia-Pacific region are taking a tougher stance against unruly passengers as law enforcers seek to strengthen legislation. Increasing publicity has been
      AFP; FILE PHOTO  -  762 words
    • Article
      SHIPPING SCHEDULES INDEX
      220 32 PACE ECU line 6 ACL 6 ECl 5 AN I 3 Evergreen 6 Accord 8 Foong Sun 8 Appenship 5 c 4 Austral 8 Ge«nartrans 8 Balaji Shpq 4 Hangli 7 8SA 7 Hanjin 3 B'tang Mas 8 Heung-A 4 CCNI 7 Hyundai 7 CMA 8 ICFS
      220 words
    • Article
      SHIPPING GUIDE
      19665 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaonona SIN Dast'n Nam* Nona Numbar Numbar SIN Dast'n Nam* Nama Numbar Numbar To BRISBANE (BNE) 2058 Australia To ABIDJAN (ABJ) 2003 Cote D'lvolre «/03 29/03 Hanjin hj cheju 437 65-*****35 20/03 04/05 Satramar
      19,665 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        760 43 Vessel Voy No Berth Arrival Departure AdkaTarunag *****9 JW alongside M)03 {^22> Anan Honestv 461 JT7 alongside 10.03/2300 Brit op I ***** J03 akjoqside >0.03/2300 Bt Lestari I *****9 J01 alongside "-03/0300 8t t.h8 88 I *****9 J01 alongside 10.03/1900 Bt Pa| NO795 *****9 J01 alongside 10 Bt
        760 words
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        CONTAINER SCHEDULES
        1881 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booking/Bounce Rstls Ship Voy No Etb/Btr Period From To From OOM 12/0700 10/1500 n/1659 10/1900 uhu t> io/isoo 10/1659 nmoo 2A 10/1700 11/0659 n/0900 21 io/i7oo ivoM* n/omo 11/0700 H/T159 11/1400 4 n/1200 11/1459 11/1700 An Jjvafcarta~ 078 '3/0600 M
        1,881 words
      • Article
        GLOBAL HOLIDAYS
        216 43 Mar 17 Ireland Republic of: St Patrick's Day. United Kingdom: St Patrick's Day. Mat 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 HajiMar 29 Taiwan: Youth Day. Apr 1
        216 words
      • Article
        COCKETT BUNKER MARKET REPORT
        774 43 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 market. Prices shown are based on average sized stem. Market movements are indi cated. The Cockett Bunker Price Index change
        774 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        455 43 Crton 180 MM 9981 1.0 18.8 0.09 52 0.07 u j rwntttv Nitftr DftiAji Ash Aluminium StdiiMfit ibovf E25 3 0 20 0 0 Density Watef Keswue »sn mbtoiuhwi nwwi 330 Ave 985 6 0.3 14.0 0.06 31 0.02 *J£| 380 Mai 994.9 0.7 19.4 0.09
        455 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon European carmakers plan to increase Asian presence
        657 44  -  They may expand regional offices or make direct investments From' Ven Sreenivasan in Geneva MOST leading European carmakers are making plans to increase their presence in Asia, either by expanding their regional offices or through direct investments in downstream activities such as sales
        AFP  -  657 words
      • Article
        Lock icon US airlines fail in second move of the year to up fares
        290 44 Bloomberg [ATLANTA] US airlines failed to enact the second fare increase of the year last weekend, signalling that predictions of a steady rise in ticket prices may have been premature. Continental Airlines Inc raised leisure fares 5 per
        Bloomberg  -  290 words
      • Article, Illustration
        Lock icon Art of car appreciation
        43 44 [NEWBURY, England] English teacher lan Mucklejohn relaxing in his sitting room on Monday. Behind him is his 1959 Cadillac convertible. Mr Mucklejohn, who restored the car to its 1959 showroom condition, considers the vehicle a work of art. REUTERS
        REUTERS  -  43 words
      • Article
        Lock icon Mercedes sales up 20% in Jan and Feb
        216 44 Bloomberg [GENEVA] DaimlerChrylser, the world's No 5 carmaker, said sales at its flagship Mer-cedes-Benz unit rose 20 per cent in January and February. The company predicted earnings and revenue will rise slightly from 906,000 cars a year earlier, said Juergen Hubbert, the
        Bloomberg  -  216 words
      • Article
        Lock icon Gore to propose expansion of air passengers' rights
        194 44 Reuters [WASHINGTON] Vice-Presi-dent A 1 Gore is to propose expanding airline "passenger rights" by aUowing travellers to seek compensation for botched trips and to obtain more information about airlines, a Clinton administration official said. "The central nugget is protecting passenger rights," the
        Reuters  -  194 words
      • Article
        Lock icon Japan, Europe vying for NT$70b Taiwan rail deal
        243 44 Contract is to supply train carriages and locomotives AFP [TAIPEI] The European consortium that built the Eurotrain is vying with a Japanese firm for a contract to supply train carriages and locomotives to Taiwan's first high-speed rail system, officials said on Tuesday.
        AFP  -  243 words
      • Article
        Lock icon Atlas Air pilots to vote on election to form union
        246 44 Bloomberg [GOLDEN, Colorado] Atlas Air Inc, the world's largest provider of cargo services to airlines, said its pilots plan to vote on whether to hold an election that could lead to the company's first union. The Teamsters union and the
        Bloomberg  -  246 words
      • Article
        Lock icon Branson renews plea for Virgin flights to India
        229 44 Reuters [LONDON] British entrepreneur Richard Branson made a fresh plea on Tuesday for his airline Virgin Atlantic Airways to be allowed to operate flights to India in competition with British Airways and Air India. Previous moves to liberalise the current bilateral air
        Reuters  -  229 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1832 44 CITY FLIGHT ETA FU6HT ETO BA7306 1840 LH7T9 2359 AdtUld* BA7381 1930 BA7382 2050 0f6 1840 "£4579 0F81 1930 0F82 2050 S020M 2359 AN8229 2230 Frt—fci S0W9 1TB S0990 QUO LH6380 2230 S0003 W5 CZ392 0635 S0229 2230 CZ353 2035 SQ804 1015 Amstardam S023 0645 CA972
        1,832 words
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      18 31 Handling unruly passengers Airlines are taking a tougher stand on passengers who behave badly on board Page 2
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      Page 31 Advertisements Column 2
      154 31 Earopean carmakers to up Asian presence They may expand regional officesor make direct investments Back Page SPECIAL FEATURE AI Rot RAIL* SHIPPING TIMES •14 APRIL 1999 KEEP YOUR BIJSINESS In conjunction with Inter Airport Asia and Exporail Asia 99, Shipping Times, the exhibitions' official newspaper will for the first time
      154 words
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      197 32 Keep in Touch www.nykline.com Hr When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information Ecriadulss Shiprrsnr Ejurrxnary Jt v ET~ "JM mim j I SENLIM AGENCIES PTE. LTD. 133, New Bodge Road,
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      705 32 /S«»o>v Lines services represented r by Members of the Registry of \gkioty Accredited Shipping Agents. Singapore Shipping Association Members of the (3 9 Sfl Singapore Freight Forwarders Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES J|L SINGAPORE to BATAM, BINTAH, KARIMUN SINGAPORE to BANGKAISUND A x SINGAPORE to CILEGON L^TncJ
      705 words
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      1143 33 I SAX SERVICE (DIRECT) 1 vcsa VOY SWEIA LAX OAK DAI MOM 0« COl MB* Ml MTC Aft TURQUOISE 0231 09/03 25/03 30/03 30/03 31/03 30/03 31/03 31/03 01/04 01/04 Aft SARDONYX 0)0t 17/03 "oi/04~ 06/04 06/04 07/04 06/04 00/04 08/04 09/04 09/04 AftTOURMAUNI 0241 24/03 06/04 13/04 13/04 14/04
      1,143 words
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      Page 33 Advertisements Column 2
      2361 33 ®HANJIN SHIPPING !ik PI i MsMroUg -Sar 3?M?3<L HAJtMN SMjffjjjg (S) PTI LTD bl» <m WOBW 376Q73»37 SALES *****74 731 DOOIMBIT *****/1774 OftUTKWS *****50 7SI MAIN IM *****5S HX fflW6o CI WO 11 534»*****M V TO NW USA CANADA USA CANADA* FDt VSI/VOY MM MM UNI HAUL/VOY SU TTW I
      2,361 words
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      1580 34 MR-SENATOR UNES TOtJK/COyftftlENT TO MEDITERRANEANiCANADA VtSStl WT W liH WTM AMR MUM IWV FUt VtSStl TOT IT OH SPt fOS VIC MTU HUDfMtfU WMI3 12*3 03 M MM tI.M KM MM PACIFIC SBUTOR WMtl3 11 03 2H3 31 S3 *1 M 83 M 11 M PUIUM SENATOR WWI4 It S3
      1,580 words
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      969 34 m. AM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC p. guoang: (or) 3M3726 I l\ J OR NOc IaOMTBOOOOC B®U: (064) *****9 MANILA: (632) *****24 V 9 PENANQ: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT (21) *****07 MOW: (61) *****3 KUCHNO (062)
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      562 34 LINE g A mi ait3*»6 nut, mini MUARA LABUAN vissa vor no ru vessel vor rro eta STOW MIiAAA SPORE UN CAAAAAJK332 VOil/M W 11/03 CARAKA JK337 VOSE/W SoM 11/03 JWOSfB VO4I/W Srfri S*4 JPBOSPEB VOSI/W 16/03 20/03 JftOtfa VOH/99 U/03 19/03 CAIAKA JN337 VOtf/W U/03 13/03 CA>AKAJN3» VO6I/W 10/03
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      1279 35 VESSEL voy sin pkg pen pob pub dam smj 1 ba BIK I 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 PJLI33B 22/03 31/03 01/04 02/04 04/04 08/04 IRAN TABATABAEI PJLI339 29/03 07/04 08/04 09/04 11/04 13/04 [IRAN
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      2100 35 Wnkly Sailing to 1 Europe Main Ports I Iwory Monday iiiiilirjtymjJ I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****04 OUTWARD (l/L) I COSTAR SHIPPING PTE LTD *i7-os dis blog sales/bkgs 4205«57/60 inward dipt (o/o) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0X1 TOWER TWO (06M09)
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      515 35 tiFi eastern car uner, ltd. Sunt* Qly Tower 2, I |Ej Ea (SINGAPORE) PTE LTD JKES* ir 1 SPECIALIZE IN RORO 8. HEAVY UFT UPTO 4SO TOWS ECL (SINGAPORE) PTE LTD LOAD NG FOR PORT KLANG/PENANG/BINTULU CALCUTTA/CHITTAGONG/CHENNAI MV "GOLD MEKONG" V.lB MV "CORAL HERO" V.15 ETA SIN 13/03/99 ETA PKL
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      1460 36 EUROPEAJK/SCANOINAVIA/FINLANO/BUSSIA SGP ROM ANW HBG THP ZEE IHV LHV THP ROM ANW HBG PKL SGP E DECENT RW-008 14/03 02/04 07/04 03/04 06/04 06/04 07/04 E REFINE RE-019 11/02 13/02 12/02 14/02 16/02 11/03 12/03 E OIAMONO RW-004 21/03 06/04 13AM 09AM 11/04 12/04 13/04 E REACH RE 022 18/02
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      1008 36 ADVANCE CONTAINER LINES (PTE) LTD XA I I TEL *****21, FAX *****19. TELEX .RS ***** ACLPL FOR BOOKINGS PLEASE CALL; *****22 SALES A MARKETING *****2128 OPERATIONS: *****60/ *****05 CR NO **********0E BANGKOK 1 JAKAMTA (7 »ema«e/Wee*) VESSEL VOY MM IKK VESSa VOY I «N I JKT KOTA RATNA (BMT/PAT/LCH) RNAO97
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      488 36 Pl* NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT SIN PU) PUR JNI CPT K» lUWTAIOUEEW VO33S 13/03 22/03 26/03 21/03 30/03 02/04 NANTAI DRAGON ¥012S 23/03 02/04 04/04 M/Q4 10/04 HAMTAI VENUS VO33S 03/04 12/04 14/04 H/Q4 "w/pT GOLOtW DKAGOW V.OIIS 14/04 23/04 2»/04 01/02 02/02
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      495 37 BSfl a. Im6 MYANMA pBHk FIVE STAR LINE W (Myonmar National Line) Loading for Yangon (Rongoon) VESSII VOY SIN PKI PIN PGU MIRGUI VISI $U> MAWIAMYINE VR2W SID MALAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES KIR: HI (03)*****00 PKL: m (03) 3764)01 PfN: HI (04) 24)2402 PGU: TEI (07) *****21/4 BANK LINE
      495 words
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      Page 37 Advertisements Column 2
      1326 37 HYUNDAI MERCHANT MARINE CO., LTD. Ivissa VOY sw sou ta rtm ant ham w fe Ivissa voy| sou I ieh i rtia law i ham I—V I Fa ■si HY BARON 318W 11/03 29/03 03/04 31/03 01/04 ORE 5511 15/02 20/02 17/02 11/02 11/03 NOHOUTI OI2W 12/03 02/04 03/04 2R/03
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      1138 37 vEv nofwegton speoalued outocomen Gfeg(o x§ Wilhelmsen Lines TO NORTH AND LATIN AMERICA *RORO HEAVYLIFT SERVICE" VtSStl J/OY KAMP SIN LAX CRi MIA SAV BAL OOF NYC NEW MQB T#ns 63M '3/03 10/04 "***** 22/04 24/04 29/04 WoT 06/05 !»i»A C!A. T'™ 6-3 M 25/03 22/04 01/05 M s 04/05
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      Page 38 Advertisements Column 1
      675 38 BANGKOK/ MAP TA PHUT/ LAMM CHABANQ JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN YANTRA BHUM 281N In Pt 14/03 13/03 GURU BHUM 120 SB In PI 14/03 MATHU BHUM 406N 13/03 17/03 16/03 AKA BHUM 336S 13/03 16/03 XETHA BHUM" 274N 14/03 17/03
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      Page 38 Advertisements Column 2
      35 38 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA Also accepting Heavy Lilt Project Cargo Tel: 65-276 7996 Fax: 65-276 3740
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      Page 38 Advertisements Column 3
      533 38 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE HI Ivotl ihg ail m tm stp ma hu HOMPWISMM Its 11/ M 13/03 21/03 tt/03 W/03 01/W M/ 04 MgTMigmg ?1S 11/03M/03 31/03 M/ 04 M/ 04 11/04 aphvoot ns is/03?;/« 04/ m w/o« i?/04 is/04 u/04 T~ APIHIBUU) [its" jl/0(M/jj
      533 words
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      Page 38 Advertisements Column 4
      775 38 VOY SN PKL JED MLA L£H RTM HAM 7TT SOT J«ga_ —^03 —30^3—^ —ro —gSr"isoi 24/03 2&Q3 03/04 da<o4 13W I&Q4 16AM I&P4 I«*>4 VILLE D'ORION 31/03 13W 19>P4 20A34 21AM 23AH jW 06/04 07/04 I&P* 2QQ4 26/04 27AH 28A>4 30/04 01/05 vFfgyi s \Jnv z: 1 —t NORASIASMQA BCN
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      46 39 ST^^Dia^A^OO^^O^^Q 1 E m3fl (J —(Retrieve more schedules!) Press-r c jljpV Select the port and key in the four digit code JBKmm eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by document Will be Shipping Times
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      53 41 ■■■pj Dial 740-6000 OflO€ *****10 (Retrieve more schedules!) Press "1" JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number Enter your phone number Another innovative service offered by C tcß The document Will be Shipping times S
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      137 42 free Reader Enquiry Service s-c cut out and fax to: 65-74-***** Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER-.PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      140 43 H jla M i jEMBM on LEGEND R Thunderstorm Temperature o Q X\ Shower Weother .—Y Wind direction with speed in knots Roin Cloudy Sky Wove he '9 ht S-W winds ore indicated by arrows which fly with the wind v!/ O"* ,u c,rc 'e represents calm or hght and
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