The Business Times, 23 March 1999

Total Pages: 44
1 44 The Business Times
  • 12 1 THE BUSINESS TIMES 'l#VTam 85$ SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MARCH 23, 1999
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  • 57 1 Dsn MWJB (+24.69) BT-SRI •o*2l (+5.52) Oaoßcamaißs IAsiMO(-o.iO) Pf MLARKETMOOD: STOCK MAIKET DIDHSBS Monday Change KLSECOMP W7.tt 4M BANG SENG 1L.I07J4 +24J2 SET INDEX ***** 1.6 JAKARTA OOMP W88 -1J4 MANILA OOMP __2j0(&49 >12.03 TAIPEI WP! 7,043i3 *49.86 SEbULOOMP §17.74 +U2 CLSA CHINA B 611.48 +34J1 AUSTALLORD 2J86J
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  • 85 1 FOBEX BATES uss ss 181 1.7*7 £(liS*/S$ per 1.087 1810 EURO(USS/S$ per E) 1.087 1.877 Ml 1.700 0.000 YEN 117.0 1.469* RH 1800 MM HKS 7.710 1m BAHT 17 il 0.046 BUP1AH 1800 0.010 St to 100 untu St k>IM units PUKE KATES SINGAPORE* 5.825 KUALA LUMPUR 11.50 JAKARTA
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  • 714 1  -  New bill proposes giving sub-regional economic groupings greater autonomy From Shoeb Kagda in Jakarta THE Indonesian islands of Batam and Bintan islands will have the leeway to chart their own economic destinies and enter into bilateral economic pacts with other countries under
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  • 235 1 New system could be in place by June: central bank official Bloomberg [JAKARTA] Indonesia is mulling a tax on capital as part of a wider system to monitor short-term flows of money, a Bank of Indonesia official said. While denying that
    Bloomberg  -  235 words
  • 530 1 They use M'sians to try to impoverish conntry, he says AFP [ALOR STAR, Malaysia] Malaysian Prime Minister Mahathir Mohamad continued his blistering attack on foreigners here yesterday, warning that Westerners were seeking to "dominate and exploit" his country. "History shows that
    AFP  -  530 words
  • 463 1  -  UOB bays 1.97 m shares, sparking talk of takeover fight By' Ven Sreenivasan [SINGAPORE] Banker Wee Cho Yaw's United Overseas Bank has bought 1.97 million United Industrial Corp shares, fuelling speculation that a battle for control of the latter is shaping up. It
    Source: Bloomberg  -  463 words
  • Page 1 Advertisements
    • 104 1 TV# Property Othnnw Have condominium prices bottomed out at about $400 per sq ft? Maybe not, says Lee Han Shih. P|6 Narrow nationalism is on the rise in Japan, but it's the struggling economy that is getting all the attention, PglA btktni British American Tobacco Company (Singapore), which last December
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    • 107 1 >■ M r :*4 7 Robinson chairman Michael Wong Pakahong Futl report, Pg 10 9« UtfiZEfiZSEEnfttil The Hong Kong Trade wfl MB BAW Development Council makes it easy for you to find the right business partner. m I Whether or selling services, Hong Kong's networks are J' V Vm unbeatable
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    • 4 1 Market reports, Pg 26-30
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  • SINGAPORE AT HOME & ABROAD
    • 441 2  -  f2K preparations by $'pore financial Rector progressing Well, says MAS Siow Li Sen (IAN 3 or 4 will not be bank holidays after all but Dec 31 is ptill under consideration, the Monetary Authority of Singapore said yesterday.
      441 words
    • 462 2  -  LCTTERS TO THE EDITOR Chan Wing Leong Chairman of Pacific Internet Ltd J REFER to your report, "Sing Net's show strength" (BT, March 15). Your reporter wrote that "Sing Net started life in 1994 as Singapore's second ISP". This point is misleading as SingJet was
      462 words
    • 450 2  -  Philip Toh Kee Poon via the Internet Singapore IT is interesting to note that the communications minister cited the example of the Seventh Moon auction to support the proposed open bidding system for COEs, which he believes to be more rational and responsible. I wonder if the
      450 words
    • 329 2  -  By. Annette Pau PHILIPS Singapore Pte Ltd has appointed a new executive chairman to replace Victor Loh, who retired from the company on March 1. In his position as chairman and president, Mr Loh won honours as 1997's Outstanding Chief Executive
      329 words
    • 271 2  -  EYE OK THE ECONOMY Outlook By\ Eugene Low ECONOMISTS surveyed by Londonbased Consensus Economics Inc expect a recovery for the Singapore economy this year. The 12 forecasters polled by the consultancy see an average 0.7 per cent growth this year the most bullish forecast since August
      Source: Consensus Economics  -  271 words
    • 374 2  -  By' Carol Eng THE "survival instincts" of small and medium enterprises must not be blunted through subsidies and handouts, Member of Parliament Toh See Kiat told SMEs at a workshop yesterday. SMEs traditionally receive help based on the "infant industry" argument that new firms or
      374 words
    • 345 4  -  S|x panels set np to examine this and other issues affecting ageing population si\ Eugene Low TfiE Inter-Ministerial Committee (IMC) on Ageing Population has set up six workgroups to examine and review ageing-related concerns, including the CPF withdrawal age. "Member of Parliament for Marine Parade GRC
      345 words
    • 38 4 THE price of the new Toshiba Portege 3020CT was wrongly given in yesterday's BusinesslT as $2,912. The figure was supplied by Toshiba. The company has now clarified that the actual price is $3,899 without GST.
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    • 515 4 Premiers of the two nations to sip joint declaration today The Straits Times [PARIS] Prime Minister Goh Chok Tong and President Jacques Chirac yesterday agreed to adopt a joint declaration to deepen and enhance the partnership between Singapore and France. The declaration will
      The Straits Times  -  515 words
    • 427 4  -  By< Corinne Kerk THERE were 15 parties interested in buying over the troubled executive club Sir Stamford Raffles Club (SSRC) at Suntec City, but while negotiations with two of them had progressed to an advanced stage, the current status
      SIEW YAW HOONG  -  427 words
    • 326 4 The Straits Times STABLE hands, jockeys and others who come into contact with horses will be screened for viral infection tomorrow, the Singapore Turf Club announced yesterday. The screening will be done at the Communicable Disease Centre (CDC) at Tan Tock Seng Hospital. Blood
      The Straits Times  -  326 words
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    • 134 5 mM&Mp; Fm I j* lju U j©®? I i"" >SH^-'^ c v' K v s/- f j- j&Lz**. 4 W aar**£ J #5 w VT- it: .w V A v $*gkg?& *\WJ%:^^ ff?S V/ S Isr* l*&Js.i2: *fii vvf ■i? .vSSK- ■>.■*.» '4L.-.~.VvJ i- 1 .p-.— a-—..T.T ->- »■•-'-.-j-";" I
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  • FOCUS: PROPERTY
    • 746 6  -  THB PROPERTY COLUXM Lowering the prices of new flats to maintain the gap with resale units will soften the floor for private property By Lee Han Shih SO condominium prices have bottomed, and the bottom is $400 per sq ft? That may not be so.
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    • 319 6  -  Freehold River Valley flats first sold end-'97 at $1,100 psf By] Marissa Chew [SINGAPORE] Another 35 units of the Kim Yam Heights project were sold at its relaunch over the weekend, bringing to 50 per cent the total number sold for
      SIEW YAW HOONG  -  319 words
  • Page 6 Advertisements
    • 357 6 PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory and warehouse Land Area 28,989 sqm Gross Floor Area Approx. 22,006 sqm Tenure :JTC Leasehold 30+30 years wef 01 February 1982 2) Address 24 Senoko Drive Description 2 blocks of purpose-built office, factory
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    • 129 6 p—n For Sale Bukit Batok St 22 4/s production cum 8/s office building 68,800/171,900 sf 30 opt 30 years wef 1996 Ideal for corporate HQ Walking distance to MRT Include gym dormitories Sole Marketing Agents Sunday Classified i -ctaftAfacf 1 at Clarke Quay CA Every Sunday, 9am spm It milfoil
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    • 104 6 KHL BUILDING FOR LEASE 25New Industrial Road Radbtestresfrom4,oooaqfl to 111.000 so ft Corporate Image Attractive rStal rates Central Aircon Ready for occupation In 2nd Quarter 1099 CaN Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tal: 224 8181 Fax: S32QIS7 Factory In Tuas For Sale Single storey factory
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  • ASIA'S ECONOMIC SLUMP
    • 592 7 They will help govt sell shares bought last Ang to prop up market and HK$ Bloomberg [HONGKONG] Goldman, Sachs Co, ING Barings Ltd and Jardine Fleming Holdings Ltd were picked for Asia's most lucrative investment banking job helping the Hongkong government
      Bloomberg  -  592 words
    • 484 7  -  Biggest risk lies on political and policy front: Dnff Phelps From, Diana Oon Abdullah in Kuala Lumpur INTERNATIONAL rating agency Duff Phelps Credit Rating Co (DCR) has rated Malaysia "investment grade" and its long-term foreign debt currency rating triple-B minus with a stable
      484 words
    • 407 7 That's the price of maintaining US$ peg, says economist Reuters, Bloomberg [HONGKONG] Consumer prices fell again in Hongkong in February as the territory continued to pay the price of its sticking to a currency peg. The consumer price index A (CPI
      Reuters,; Bloomberg  -  407 words
    • 381 7 Bernama [KUALA LUMPUR] Merrill Lynch says the Malaysian economy is on track for a recovery. It said this is likely to be driven more by a cyclical recovery in exports and rebound in consumer spending rather than just expansionary policies by the government. The
      Bernama  -  381 words
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  • SOUTH-EAST ASIA
    • 438 8  -  Army to deploy more shooters; minister tells of problems From Eddie Toh in Kuala Lumpur THE Malaysian government is stepping up its operations to contain the deadly Japanese encephalitis viral outbreak in pig farms in the state of Negeri Sembilan but it is still
      REUTERS  -  438 words
    • 289 8 SINGKAWANG, Indonesia Thousands fleeing as troops start mass evacuation AFP, Reuters ETHNIC violence raged on in Borneo yesterday with the death toll rising to 114, the military said, as tribes people armed with spears and machetes roamed the region hunting down
      AFP,; Reuters  -  289 words
    • 337 8 ANWAR'S TRIAL Motion set to fail but move will enable appeal to higher court, say lawyers Reuters, AFP [KUALA LUMPUR] Lawyers for sacked Malaysian deputy prime minister Anwar Ibrahim said yesterday they wanted the judge in his corruption trial to consider standing
      Reuters,; AFP  -  337 words
    • 220 8 CYBERJAYA Bridge News MALAYSIAN Prime Minister Mahathir Mohamad said last night that there has been greater foreign interest in Malaysia's Multimedia Super Corridor (MSC) project since the implementation of selective capital and foreign exchange controls. He said after chairing an information
      Bridge News  -  220 words
  • Page 8 Advertisements
    • 1109 8 COMPANY ANNOUNCEMENTS Proforma Full Year Financial Statements And Dividend Announcement Full-year financial statements on consolidated results for the year ended 26 December 1998. These figures have not been audited. Group Company Rmb'ooo RmbOOO Latest Previous Latest Previous year year Change year year Change 1998 1997 1998 1997 1(a) Turnover 1,126,181
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    • 968 8 jj&L EAGLE BRAND HOLDINGS LIMITED I. COMMENTARY ON CURRENT YEAR PROSPECTS The Group expects demand for ceramic tile and sanitary ware in China to remain high in 1999 Both the housing reform programme initiated by the Chinese Government as well as the expected GDP growth of 7% in 1999 would
      968 words

  • CHINA-HONGKONG-TAIWAN
    • 440 9 HONGKONG Different ways of looking at credit risk ofSOEs since Gitic problems Reuters INTERNATIONAL rating agencies have changed the way they look at the credit risk of China's state-owned entities in the months since the authorities closed a key government-owned investment firm, with
      Reuters  -  440 words
    • 178 9 BEIJING AFP CHINA'S newly-approved unified contract law will take effect from Oct 1, the People's Daily newspaper reported yesterday. The law, which was approved by 92.9 per cent of the National People's Congress on March 15, formalises laws and administrative decisions taken
      AFP  -  178 words
    • 44 9 [BEIJING] A woman leaving a restaurant that bears a striking resemblance to American fast food chain "McDonald's" in Beijing on Sunday. The manager says that the emblem that looks like an "M" is actually an ancient Chinese character. REUTERS
      REUTERS  -  44 words
    • 251 9 BEIJING These will help absorb state sector's unemployed: report Reuters CHINA expects to create more than 10 million jobs each year in the service industry to soak up millions of newly unemployed workers shed by the state sector, the China Daily said yesterday. Seven
      Reuters  -  251 words
    • 161 9 SHANGHAI Bloomberg IN the first case of its kind to go to trial in China, a securities firm is suing a company for which it underwrote an unsuccessful rights offer. The case, now being heard before the Shenzhen Intermediate Court, indicates that other Chinese
      Bloomberg  -  161 words
    • 246 9 WASHINGTON AFP CHINA reportedly seized two US cruise missiles that failed to detonate in last year's US attacks on suspected terrorist bases in Afghanistan, Newsweek magazine says in latest issue, out yesterday. Amid accusations that China has been stealing US nuclear secrets since
      AFP  -  246 words
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  • ASIA
    • 424 10 TOKYO Use of public funds to shield lenders, especially insurers, may set precedent FT THE Japanese government is considering using public funds to repay subordinated loans made to Nippon Credit Bank (NCB) and Long Term Credit Bank (LTCB) by financial institutions including Japanese life
      FT  -  424 words
    • 297 10 SEOUL About USslob likely to be spent in bumper year for marriages Bloomberg PARK Eun Jin will marry her boyfriend of seven years this month, and South Korea's biggest home appliance makers couldn't be happier. She is one of almost a million people
      Bloomberg  -  297 words
    • 373 10 SEOUL AFP THE South Korean government yesterday warned it would get tough with illegal strikers as a militant union group threatened to hold a mass rally this weekend to protest rising layoffs. The warning and threat came amid worries in South
      AFP  -  373 words
    • 86 10 [MOORA, Western Australia] Even man's best friend needs two-legged help sometimes. Graham Tanner is pictured here with his pensive pooch Steffi, plucked from risingfloodwaters on Sunday in the town of Moora, 220 km east of the state capital Perth. The swollen Moore River, which burst its banks
      REUTERS  -  86 words
    • 379 10 TOKYO Many big firms curbing new recruitment: survey AFP JAPAN'S private sector is saddled with record excess capacity and forced to curb new recruitment to battle the country's worst post-war recession, reports said Sunday. The government's economic planning agency estimates Japanese companies had excess capacity
      AFP  -  379 words
    • 206 10 BOMBAY AFP INDIA'S leading bank workers union yesterday began boycotting Standard Chartered Bank over staff cuts and branch closures. "We are boycotting all instruments of Standard Chartered as it is forcing staff to accept retirement packages and closing down branches," said Suresh Dhopeshwarkar, national secretary
      AFP  -  206 words
    • 393 11 CANBERRA Ministers concerned over move towards protectionism in Congress Bloomberg AUSTRALIA and Japan have joined forces to condemn a decision by the US House of Representatives to limit steel imports to the US for the next three years. "We are very concerned about any
      Bloomberg  -  393 words
    • 344 11 SYLHET, Bangladesh She also tells of special package for energy investors Reuters BANGLADESHI Prime Minister Sheikh Hasina said on Sunday that her country would not export gas and so deprive millions of people of electricity, and called for foreign investment in
      Reuters; REUTBRS  -  344 words
    • 435 11 NEW DELHI But rickety coalition govt faces tough political hurdles Reuters INDIA'S rickety coalition is gaining speed on the economic track, making up for a slow start and could emerge as a winner if it can clear political hurdles, analysts say. Finance
      Reuters  -  435 words
    • 333 11 NEW DELHI AFP INDIA'S main opposition party has launched a campaign to topple the Hindu national-ist-led government, reversing a year-long resolve not to destabilise it. The Congress party has taken to disrupting parliament's budget session. Its leaders say the new aggression is following
      AFP  -  333 words
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  • Page 12 Advertisements
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  • THE WORLD
    • 379 13 HONGKONG Sino-US ties at their most worrisome point, says former US defence secretary Reuters FORMER US defence secretary William Perry yesterday warned that growing antiChina rhetoric in Washington posed one of the greatest risks to security in the AsiaPacific. Mr Perry
      Reuters  -  379 words
    • 378 13 THB MICROSOFT TRIAL No date set for talks; wide gap seen between govt, firm Bloomberg [WASHINGTON] Microsoft Corp has signalled the US Justice Department that it is willing to discuss a possible settlement of the landmark antitrust case, according to people
      Bloomberg  -  378 words
    • 48 13 [LONDON] A policeman trying to direct traffic past lines of parked lorries in central London yesterday. Hundreds of British lorry drivers parked in Park Lane blocking traffic and causing massive jams to protest against government increases in diesel duty and road tax. REUTERS
      REUTERS  -  48 words
    • 338 13 GENEVA Reuters TWO political figures from Thailand and New Zealand were yesterday left to face off for the post of head of the World Trade Organisation (WTO) after Morocco pulled its candidate out of the race. Diplomats said the sudden withdrawal of
      Reuters  -  338 words
    • 512 14 LONDON Services supporting economy; interest rates could be cat again, say analysts Reuters THE British economy all but ground to a halt in the final quarter of last year, growing just 0.1 per cent compared with the previous quarter, official data showed
      Reuters  -  512 words
    • 270 14 BRUSSELS AFP THE European Union will not sponsor a UN resolution criticising China over its human rights abuses this year, the bloc's foreign ministers agreed in Brussels yesterday. The move represents a rebuff for international rights agencies, who have urged both the EU and
      AFP  -  270 words
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  • EDITORIAL & OPINION
    • 737 16  -  TUB BOTTOM UMB OPINION By Harish Mehta The writer is BT's Bangkok correspondent THAI businessmen suffered a major culture shock when Parliament passed tough bankruptcy and foreclosure laws to replace obsolete rules that allowed delinquent borrowers to escape repayment Hie new laws, passed
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    • 143 16 'Perception is reality. If you look at the perception, I'm to blame for the Johnstown flood, World War n, for the San Francisco fire. Anything that they can find in the world to blame, they get me.' -Dan King flamboyant boxing promoter, claiming he has been unfairly
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    • 663 16 EDITORIAL SOME Singaporeans, it seems, want reassurance that their pink identity cards do count, especially when competing for jobs at home against foreigners. That sentiment is understandable. Given the current job climate, those who have been laid off feel particularly hard done by. And the current emphasis on
      663 words
    • 1072 16  -  Popular candidate Ishihara seen as symbol of pent-up anti-Americanism By, Anthony Rowley The writer is BTs Tokyo correspondent MANY journalists in Tokyo continue to outdo each other by producing gloomy analyses of the Japanese economy and by digging around for signs of financial
      FILE PHOTOS  -  1,072 words
    • 1065 16 USstMlbmtsMOMOM ECONOMICALLY, the bill (to impose import quotas on foreign steel) is nonsense. Aside from the theoretical arguments regarding the benefits of free trade, the damage to the US economy from raising prices for steel users would be far greater than the savings for the uncompetitive
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  • EXECUTIVE LIFESTYLE
    • 442 17 TENNIS Bat he's in no harry; he's back on top if he beats Costa and Moya loses Reuters [KEY BISCAYNE, Florida] Pete Sampras says he is in no hurry to reclaim the world's top ranking but that the fire still burns within him
      Reuters; REUTERS  -  442 words
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  • Page 17 Miscellaneous
    • 730 17 URVPI'IC CROSSWORD ACROSS —-j— scaled mountain? (7,4) JHT H| 9 Five having arrived adjusted j—^^^^ rent for the wineseller (7) I I I I I I I 10 Slim elves play around square HI |Hl LhJ 12 Nice area of France (7) ||"n 13 Space in a car for the
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  • OSCARS
    • 1351 18  -  The favourite takes a consolation Best Director; Gwyneth wins; Judi Dench makes the most of 8 minutes. Bernard weimraub reports BERNARD WEINRAUB NYT IN an upset, Shakespeare in Love was selected best picture on Sunday night at the 71st annual Academy Awards, defeating Steven Spielberg's Saving Private
      NYT; ALL PHOTOS FROM REUTERS  -  1,351 words

  • COMPANIES & MARKETS
    • 794 19  -  Business picking up after strong hit hard last year; M&S to close one store, downsize another By\ Rahita Elias [SINGAPORE] Robinson Co's Marks and Spencer (M&S) business in Singapore, which incurred a half-time loss, is expected to post a fullyear profit
      ARTHUR LEE  -  794 words
    • 446 19  -  From' Toh Han Shih in Hannover AZTECH Systems expects to do better this year after plunging into the red last year. "The cost structure of Azpast. We rig pany and closM doWn some overseas subsidiaries that were not making money. We have brought
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    • 782 19  -  HOCK LOCK SIEW Jennifer Lien CREATIVE Technology has seen its share price fall 17 per cent since it announced its Christmas-quarter results in January. The results made pleasant reading, though they surprised no-one. But what might have surprised the casual observer was the
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    • 375 19  -  Group expects to be profitable this year as overheads shrink By! Soh Tiang Keng [SINGAPORE] British American Tobacco Company (Singapore), which last December announced its move to shut down its manufacturing operations here, has reported a group net
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    • CORPORATE RESULTS
      • 516 20  -  Results hit by regional economic crisis and ban from all govt projects By* Conrad Raj [SINGAPORE] The regional economic crisis and a debarment from all government projects following an embarrassing mix-up over a mobile phone licence tender took their toll on Teledata (Singapore)
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      • 414 20  -  By< Clarissa Tan [SINGAPORE] THE Insurance Corporation of Singapore (ICS) saw its full-year net profits slide 4 per cent to $5.4 million for 1998. Turnover for the group fell 28.5 per cent to $234 million. ICS, the composite insurer
        414 words
      • 317 20  -  Non-transport areas still making losses but improving By < Christopher Tan [SINGAPORE] Transportbased Tibs Holdings returned to profitability in 1998, chalking up full-year earnings after tax and minorities of $3.1 million, compared with a previous loss of $1.1 million. Turnover,
        FILE PHOTO  -  317 words
      • 315 20  -  By] Rahita Elias [SINGAPORE] Provisions Suppliers Corp (PSC) last year chalked up a 57 per cent increase in net profit to $6.9 million. This translates to earnings per share of 3.04 cents, up from 1.94 cents previously. The increase stemmed mainly from higher contributions from
        FILE PHOTO  -  315 words
      • 237 20  -  The SembCorp nnit blames recession for profit shrinkage By i Clarissa Tan [SINGAPORE] SembCorp Industries subsidiary Delifrance Asia has reported a 39 per cent fall in interim net earnings to $3.06 million. Turnover for the cafe chain rose 0.4 per cent
        FILE PHOTQ  -  237 words
      • 268 20  -  Venturing into Middle-East, South Africa offsets Asian crisis impact By Marissa Chew [SINGAPORE] Mainboardlisted engineering and trading company Lindeteves-Ja-coberg yesterday reported a 28 per cent rise in net profit to $23 million. This works out to earnings per share of 12.5 cents, up
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      • 274 20  -  By. Audrey Tan [SINGAPORE] Lion Asiapac yesterday reported a 40 per cent drop in interim net earnings to $1.7 million, dragged down in part by foreign exchange losses due to the Malaysian capital controls. Foreign exchange losses for the mainboard-listed motorcycle and cargo container maker
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      • AT A GLANCE
        • 81 20 ENG Kong Holdings Limited yesterday said net profit inched up one per cent to $1.2 million for the half-year ended Dec 31. Turnover fell one per cent to $21.1 million, earnings per share fell to 1.25 cents from 1.37 cents, while "V net
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        • 64 20 SEKSUN Precision Engineering yesterday announced a 5.3 per cent drop in profits to $4.5 million for the year ended Dec 31. This was despite a 10 per cent increase in turnover to $70 million. Earnings per share fell to 5.06 't. cents from 5.35 cents,
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        • 69 20 ASA Ceramic yesterday reported a 12 per cent rise in net earnings to $11 million for the full year. This was on the back of a 48 per cent jump in turnover to $52 million. Earnings per share fell to 7.2 cents, from
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        • 66 20 ENGINEERING and construction firm PSL Holdings tC" reported a 5 per cent drop in net earnings to $2.8 million for 1998. Turnover fell a larger 20 per cent to $26.4 million. Earnings per share fell 0.3 cents to 2.65 cents, while net tangible asset backing per
          66 words
        • 60 20 SECOND Chance Enterprises reported profits of $1.9 million for the half-year ended Dec 31, compared to a 10.9 million loss in the year-ago period. Turnover fell 39 per > cent to $14 million, earnings per share was 1.53 cents. Net tangible asset backing per share
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        • 76 20 TIANJIN Zhong Xin Pharmaceutical Group Corporation yesterday reported a 5 per cent drop in net profits to 131 million yuan (Ss27 million) for the full year ended Dec 31. Turnover rose 22 per cent to 286 million yuan, earnings per share fell 0.09 yuan
          76 words
    • REGIONAL COMPANIES
      • 390 21  -  Details to be outlined at an extraordinary general meeting to be held on April 9 From Shoeb Kagda in Jakarta THE shareholders of one of Indonesia's largest private banks, PT Bank Lippo, yesterday approved the government's recapitalisation plan which will drastically alter
        390 words
      • 389 21  -  By. Annette Pau [SINGAPORE] Mainboardlisted Ultro Technologies has spent about $500,000 in research development for a new connector product, which it says will help boost group sales and profits in the next one to two years. The new product the Encircled Electronic Compression connector (Eecom) has
        FILE PHOTO  -  389 words
      • 354 21  -  LETTER TO THE EDITOR Peter Leesinsky via the Internet Hongkong I refer to DBS Land's letter "'Unscathed' not meant as forecast: DBS Land" (BT, March 20). I believe its management is ignoring the salient issues in comparing management's comments in March 1999 with those in
        354 words
      • COMPANY Briefs
        • 53 21 [SINGAPORE] Tuan Sing Holdings' wholly-owned subsidiary Tuan Sing (Australia) yesterday bought 425,000 units in Grand Hotel Group for a total of A 5680,000 (*****,000) through the Australian Stock Exchange. The purchase increased the company's stake in Grand Hotel Group by 0.24 point to
          53 words
        • 42 21 {SINGAPORE] Mainboard-listed GES International has won a USSIOO million (Ssl72 million) contract manufacturing deal to produce the world's first multimedia electronic point-of-sales touch screen system. The deal is with UK-based Xn Corporation, a hospitality IT solutions provider.
          42 words
        • 101 21 Reuters [KUALA LUMPUR] Malaysia's Wembley Industries Holdings said PhileoAllied Bank (Malaysia) has lifted a receivership order placed on Wembley a year ago, according to Bernama yesterday. A Wembley statement said PhileoAllied Bhd's banking arm terminated the appointment of Gong Wee Ning and Abdul Rahim Hamid as Wembley
          Reuters  -  101 words
        • 46 21 Bernama [KUALA LUMPUR] Boustead Holdings Bhd turned in a group pre-tax profit of 135.31 million ringgit (5561.47 million) for the half year to Dec 31, up 16 per cent from before. Turnover decreased marginally to RM528.77 million from RM562.93 million. Bernama
          Bernama  -  46 words
      • 225 21 [SINGAPORE] Shareholders of Mobile One plan to list Singapore's second mobile phone operator in the future. But nothing is imminent, sources said. When contacted, major shareholder Keppel Corp said: "It's in our plans to list Ml in the future." But the conglomerate,
        225 words
      • 440 21 PUBLIC LISTINGS China mobile phone distributor offers shares in HE, S'pore Bloomberg [HONGKONG] Global Tech (Holdings), which distributes mobile telephones in China, hopes to raise HK$lBO million (Ss4o million) through an initial share sale that started yesterday. It aims to begin trading
        Bloomberg  -  440 words
      • 230 21 [SINGAPORE] Construction specialist Lian Beng Group Pte Ltd may soon join the 20 construction firms now listed on the mainboard of the Stock Exchange of Singapore (SES). The group said yesterday that it has received in-princi-ple approval to list on the mainboard, and
        230 words
      • 216 22 Reuters [HONGKONG] Hong Kong Telecommunications Ltd said yesterday it was interested in acquiring Asian companies related to the Internet and data communications when opportunities arose. "We are interested in enterprises in the entire region that are related to the Internet and data.
        Reuters  -  216 words
      • 373 22 Star Alliance wants as much as 23%, says president of Thai carrier FT [BANGKOK] Star Alliance, the global airline grouping, plans to form a consortium to bid for a substantial equity stake in Thai Airways, one of the partners in its grouping. Thai
        FT; FILE PHOTO  -  373 words
      • 293 22 Reuters [HONGKONG] Hutchison Whampoa is expected to post a decline of more than 20 per cent in 1998 net profit in the absence of any profit contribution from exceptional items, analysts said. Hutchison, 49.9 per centowned by Cheung Kong Holdings, is due to release
        Reuters  -  293 words
      • 422 22 Bloomberg [HONGKONG] Lai Sun Hotels International shareholders approved a plan to buy part of Hongkong's Furama Hotel from its parent for HK$l.9 billion (***** million), overriding the objections of minority investors. Lai Sun Development Co will use proceeds from the sale to
        Bloomberg  -  422 words
      • 375 22 They cite prolonged market slump; two of them will offer domestic A shares Reuters [SHENZHEN] Three Chinese firms have cancelled plans to issue hard currency B shares because of the stock market's prolonged slump, company officials said yesterday. Two of the companies
        Reuters  -  375 words
    • INTERNATIONAL COMPANIES
      • 449 23 USs&3b bid for remaining 80% stake comes after Pinault's 40% pact Bloomberg [PARIS] LVMH Moet Hennessy Louis Vuitton SA, the world's biggest luxury-goods maker, offered US$6.3 billion (5510.9 billion) for the Gucci Group NV shares it doesn't own, trumping Pinault-Prin-temps-Redoute SA's agreement last Friday
        Bloomberg  -  449 words
      • 248 23 Bloomberg {LONDON] Wall Street's bond trader Lehman Brothers Holdings Inc's aspirations to be one of Europe's top five investment banks got a boost last week when it hired 10 bankers from one of its rivals and promoted a top executive to its board.
        Bloomberg  -  248 words
      • 275 23 It will become second largest US operator after USs6ob deal Bloomberg [PHILADELPHIA] Comcast Corp. the fourth largest US cable television company, agreed to buy Media One Group for US$6O billion (*****.2 billion) in stock and assumed debt to form the second largest US
        Bloomberg  -  275 words
      • COMPANY Briefs
        • 35 23 Bloomberg [PARIS] Vivendi SA, France's biggest water utility agreed to buy US Filter Corp, the world's largest water-treatment company, for about US$6.2 billion (5510.7 billion) in cash. Bloomberg
          Bloomberg  -  35 words
        • 38 23 AFP [FRANKFURT] The future privatisation of Credit Lyonnais is "very interesting, for Commerzbank", Commerzbank chief Martin Kohlhaussen told Frankfurter AUgemeine Zeitung (FAZ) on Monday. He said Commerzbank was looking to form alliances via shareholdings. —AFP
          AFP  -  38 words
        • 68 23 Bloomberg [WASHINGTON] Sara Lee Corp, the world's largest maker of packaged meats, is being investigated by a federal grand Jury after last year's outbreak of listeria bacteria that caused 15 adult deaths. Separately, the US Agriculture Department's law enforcement agency aian is conducting an
          Bloomberg  -  68 words
    • FINANCE & COMMODITIES
      • 570 24 Two top banks make bids for rivals within one day, sending shares soaring Reuters, AFX-Asia [MlLAN] Two top Italian banks launched friendly bids for smaller rivals on Sunday, creating two potential new US$3OO billion (*****.1 billion) European heavyweights in a day and redrawing the
        Reuters,; AFX-Asia  -  570 words
      • 451 24  -  Pictet L Cie sees potential for regional hub with favourable client secrecy laws By I Siow Li Sen [SINGAPORE] Despite the Asian economic turmoil, Pictet Cie's private banking business at its Singapore office grew 15 per cent last year, said a Pictet senior executive.
        451 words
      • 158 25  -  Slbiriii Reports MS& Singapore Index Bob Butcher, Jardine Fleming The MSCI Singapore Free Index Futures opened and closed at almost the same price yesterday but did manage enough intra-day volatility to entice a decent number of intra-day traders. The index opened at 216.00 and
        158 words
      • 179 25  -  MSCI Taiwan tatara Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract finished slightly lower yesterday despite the continuing strong performance of the cash index. The March 99 contract dropped 0.1 point, having moved sideways within a narrow band while
        179 words
      • 344 25 ENERGY REPORT Reuters [LONDON] Oil markets traded slightly firmer yesterday as Opec ministers gathered to endorse tough new production cutbacks they believe will finally end a year-long oil supply glut. Brent futures on the London International Petroleum Exchange
        Reuters  -  344 words
      • 342 25 Reuters London THE euro was wilting yesterday with no quick prospect of recovery for the currency coming from Europe's sluggish economies. Data showed producer prices in the 11-na-tion euro zone fell further in January and markets saw nothing to dispel the gloom cast last week by the weak
        Reuters  -  342 words
      • Article, Illustration
        1219 25 DtTEEBAMK CROSS RATES Mar 22 A$ C$ gmb Euro Ffr D» HK$ ted fa Vt» Won »l IB$Wib Nw S$ tmd Sfr MT$ hrt U$> 0 954 6 ,7 0-580 3.804 1134 4.886 26.730 56.051 0.741 7.709 2J96 1.188 ***** 24.410 1089 3.903 0.926 ***** 23.647 0J87 0.631 Canad* 1.048
        1,219 words
      • 1781 25 SI COM FUTURES Mar 22 RUMER (Mum dosing u at 5 JOpn} RSSlCONTRACTOeethAQ) Clou Volume Open >*0«tt High Lot Sett (tommt) Interest Apr 99 102.75 ttO Itey« 102.50 102.50 103.50 100 775 Am 99 105.00 250 <W/S*P 99 107.75 600 j Oct/Dec 99 H0.50 150 525 JW/K* 00 114.00 RSS
        1,781 words
    • Article, Illustration
      1370 26 AFP P Hang Seng +24^2 HONGKONG share prices rose 0.2 per cent yesterday on futures-led trading with the index remaining above 11,000, dealers said. "I think the gains were mainly led by futures trading," said Ben Kwong, research head at Dharmala Securities, adding "overall sentiment is good". The key
      AFP  -  1,370 words
    • Article, Illustration
      500 26 Reuters Fl Shenzhen Binder +2.4 SHENZHEN'S hard-currency B shares closed 5.05 per cent higher yesterday, prodded by lingering hopes of an interest rate cut and gains in mainland firms listed in Hongkong, analysts said. The B index climbed 2.40 points to 49.90 and turnover surged to HK525.9 million from
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  500 words
    • 303 26 AFP WP Index *4185 TAIWAN stock market rose 0.7 per cent to reclaim the psychological 7,000-point level yesterday on followthrough buying after sharp gains last week, analysts said. The benchmark TSE Weighted Price Index moved up 49.85 points to 7,043.23. Turnover was NT599.72 billion. Rises led declines 246 to
      AFP  -  303 words
    • 2207 26 LONDON Indv it rials IMr22 Hmt *h 3i Croup 6.23 -0.03 AHied Domecq 4.60 -0.06 MM Zurich 8.43 -0.12 Anglo American COM 23.40 0.20 AS DA Croup 1.51 0.05 A B Foods 4.25 -0.14 A B Ports 2.79 -0.01 Ban* of Scotland 8.25 -0.09 Barclays 17.57 -0.23
      2,207 words
    • KUALA LUMPUR STOCK MARKET
      • 8412 27 BIDUST1IIALS Lot r Day Net Cap HH> U» Ciw>l«> HH -000 Hl» L— P/t $mH 310 265 Ajinomoto 265 -7 1 265 265 14.6 107.4 83 56.5 Angfcasa 56.5 "2.5 17 58 56.5 83.3 283 220 Apollo Food Hlg 220 7.7 88 0 204 125 Berjaya Land 125 -6 45
        8,412 words
      • 423 27 AFP, AFX-Asia □fomposite Index -&36 MALAYSIAN share prices ended 1.2 per cent lower yesterday as investors continued to dump their holdings in the absence of fresh leads, dealers said. The KLSE Composite Index finished at 507.55 points, down 6.36 points from Friday's
        AFP,; AFX-Asia  -  423 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 1959 28 BONDS, LOANS ft WARRANTS Last Vat Day Lilt Ouot* Avg Mlgh Low StM Company Sato »or- COOOI High Law Buyar Sallar Prtca '8 3 s 3160 -Acof ******1 US$ 13.5 unch 30 115 115 123 13 35 4.5 s 3164 Acma ******4 17 »0.5 345 17 16.5 16.5 17.5 17
        1,959 words
      • 187 28 Mil Will I STOCKS "*1" tn c t t0 t!L c£ I? 2* "3 5123 COL (2000) HK 235 Cd 10 235 235 230 245 8 2.4 14 121 i^O 5124 C«tfv«y P»c 20c MK—720 Cd 265 5 5125 Chtunq KongSOc HK. 1780 2 V£ 4 5126 MKT*50c400►*_580
        187 words
      • 223 28  -  WARRANT WATCH -By Ven Sreenivasan YESTERDAY'S trading was dominated by several near-expiry warrants. In fact, three warrants which expire within the next five months UIC, Singapore Finance and CK Tang together accounted for 28 per cent of yesterday's total market volume. A fourth warrant. Venture
        223 words
    • 285 28 AFP P Wellington -&5 NEW Zealand stock market closed down 0.4 per cent yesterday, in a day of dull trading. The NZSE-40 Capital Index dropped 8.50 points to 2,144.45. Turnover was 45.11 million shares worth NZ557.37 million. —AFP *»a iu$ roooi Advantage MOS 1.30 -0.05 43 AirNZA 2.81 until
      AFP  -  285 words
    • Article, Illustration
      904 28 AFP n SET Index -L 6 THAI shares closed yesterday 0.4 per cent weaker in mixed trade after the failure of a huge government auction and with few leads to spur buying, dealers said. Analysts said the market bounced off its lows in late trade but bargain hunting was
      AFP  -  904 words
    • 409 28 AFP Composite Indei +ZJS2 SOUTH Korea's share prices closed yesterday just 0.6 per cent higher, off their highs amid falling money market rates, dealers said. They said institutions stepped up profit-taking late in the session, while a weaker futures market also triggered some programme-selling. The Korea Stock Exchange Composite
      AFP  -  409 words
    • 654 28 AFP rlAll Ordinaries +LO AUSTRALIAN share prices closed up marginally as a resource sector led by strong gains in BHP helped offset slight losses in the industrial sector, brokers said. The All Ordinaries Index closed up one point at 2,985.5. The All Industrials Index slipped 4.1 points to 5,377.1,
      AFP  -  654 words
    • Article, Illustration
      721 28 AFP Q Composite Index -L 94 INDONESIAN shares yesterday slipped 0.5 per cent, led by telecommunications stocks, amid concerns over ethnic clashes in West Kalimantan, dealers said. I A Kes Sinarmas Securities dealer said the index moved in a narrow range, with the rise in cigarette stocks limiting falls.
      AFP  -  721 words
    • 305 28 AFP HManila *12.03 PHILIPPINE share prices closed 0.6 per cent higher yesterday in a last-minute buying spree of blue chip stocks to cap an otherwise dull trading day, analysts said. The Composite Index rose 12.03 points to close at 2,018.49. Turnover was thin at 490.05 million shares valued at
      AFP  -  305 words
    • 6793 29 Transaction date: Mar 22 Cr Cr M Wt S2-Wk Lilt Vol Day Last Ouete CMv Dlv VM Nat Cap Av« High Law StNo Company Safe COOP) Law Bwyaf >aWaf H C'vr P/t $mM Price MULTHHDUSTRY 142 17.5 m b 1000 Acma 50c 71 *1
      6,793 words
    • 1312 29 Of 6r M Wt 92-Wk Last Val Day Lot Ouot< Otv OW YM Nat C« Am HNfc L— ItWa CllM> ttf COOP) WO L— »a8ar Cw M II PHc» MANUFACTURING 219 30 2049 'ASAutolOc 89 unch 14J6 89.5 88 5 89 89.5 IS N 7 L7 8.4 101.6 89
      1,312 words
    • STOCK EXCHANGE OF SINGAPORE
      • 381 30 Stacks Volume UICWt99 36,562.000 S Finance Wt99 21.524,000 UK 19.266,000 Wing Tai 25c 9,527,000 JC-MPH WtOO 7,582,000 Hotung Inv MT5 7,370,000 CKTang Wt99 7.317,000 STEngglOc 7,167,000 *TanChonglnt50c 6,108,000 IPC0W02 5,788,000 OCBC 35,199,219 DBS Foreign 33.739,639 OCBC Foreign 30,921.590 DBS 28,210,500 SU Foreign 25,619,157 SU 23,153,750 SPM 20,246.513 UC 17,989,703 U06
        381 words
      • 650 30  -  STOCK MARKET COMMENTARY STI rises 24.69 points on the back of gains by property, bank and conglomerate stocks By Ven Sreenivasan THE Singapore stockmarket started the week on a firm note, supported by selective buying of index-linked stocks by fund managers. However,
        650 words
      • ON THE GRAPEVXME
        • 94 30 THE merry-go-round in the securities industry continues with former Kleinwort Benson managing director Hugh Peyman joining Vickers Ballas Co (which following the merger with ST Capital is part of the Singapore Technologies stable) as its director of institutional business and strategies. It appears that he is being jokingly
          94 words
        • 103 30 PUTRAJAYA Holdings, the developer of the new 20 billion Malaysian ringgit (598.1 billion) administration centre for the Malaysian government, has seen a small change in ownership. Tabling Warisan Nasional, or the National Heritage Fund, has taken over a 20 per cent stake in Putrajaya
          103 words
        • 158 30 HERE'S how investment guru and financial strategist David Fuller sees the lead story in US newspapers on the morning after the next US presidential election on Nov 8,2000: "Governor George Bush of Texas, eldest son of former president Bush, romped to an easy victory over his less charismatic
          158 words
        • 91 30 THE Asian economic turmoil is having unexpected effects on all sorts of industries. Take Scotch whisky, for instance. Scottish producers fret that Scotch exports dropped 15 per cent or £360 million (Ssl billion) to £2.03 billion last year. Asia accounted for two-thirds or £241 million of the decline,
          91 words
      • Article, Illustration
        45 30  -  -By Ven Sreenivasan TAIWANESE venture manufacturer Hotung Investment Holdings has been actively traded in recent weeks. Despite the strong volumes the stxk is in overbought territory. It faces stiff upside resistance at around the US$O.22 level. However, it has solid support at US$O.lB.
        45 words
  • Page 19 Advertisements
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  • Page 21 Advertisements
    • 666 21 ADVERTISEMENT Getting Genuine Software Paul Yap Made Great Savings and has Peace of Mind. the software licensing needs to companies Microsoft's Open License Program aims to help small with sto 1,000 personal computers. For and medium-sized businesses get genuine software and save money at the same time. like Select and
      666 words

  • Page 22 Advertisements
    • 278 22 BONDS TO THE PUBLIC I l AMOUNT OFFERED SGD9BOMIO BM I ISi ISSUE CODE N*****0Z |j§j I Ii J ISSUE DATE 1 APRIL 1999 l|| I I' I MATURITY DATE 1 APRIL 2001 l|jj I I INTEREST RATE TO BE DETERMINED BASED ON THE I I AVERAGE YIELD OF SUCCESSFUL
      278 words
    • 342 22 Trade visitors are invited to visit the following Malaysian exhibitors at ASEANPLAS '99/ ASEANRUBBER '99 between 23-26 March 1999, at the Singapore Expo (10.00 am to 6.00pm) COMPANY PRODUCTS 1 Kawata-Enge Mfg Sdn Bhd 1. Plastic Processing Equipment and (Stand No: 4A-20) Materials Handling 2. Bulk Material Handling and Automation
      342 words

  • Page 23 Advertisements
    • 926 23 a jr m -a- c LnJ HUAN HSIN HOLDINGS LTD Full Year Financial Statement And Dividend Announcement i The Dyeetors of Huan Hsin Holdings Limited announce the unaudited results of the Company and the Group for the year ended 31 December 1998 as TOIJOWS. Results for the year (S$'000) Group
      926 words
    • 738 23 www.shdrp.cofn.sQ H wHARP Sharp Minds, Sharp Prodvcts. 6.5" Touch-Screen Colour 4ft Mm LCD with Backlight 16MB Built-in Voice Recorder Keys Interface Ports Only 495 g x££ Optional: CE-AGO4 Digital Camera Card S'ftT Digital Camera Option LdtGSt ITIOCIgI! HC~46OOA 'PC File Viewer MPEG Player rSwtaH* I 9»Ma*«wppS The only handheld PC
      738 words

  • Page 24 Advertisements
    • 697 24 t S British American Tobacco SINGAPORE (Incorporated in the Republic of Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1998. ($000s) THE GROUP THE COMPANY 1998 1997 li9S 1997
      697 words
    • 11 24 ,F YOU ARE A SMALL BUSINESS, WE HAVE A M YOU.
      11 words


  • Page 26 Advertisements
    • 52 26 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes tINQAPOBK ♦The Japan stock market was closed yesterday. 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 gats Bey It Sdl It
      52 words

  • Page 27 Advertisements
    • 30 27 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best Check The Straits Times > Classified First. ■*illlll!II^P Buy K. sa k. Find k.
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  • Page 29 Advertisements
    • 27 29 Was Prabawofust a fall guy? J Court rejcctsuppeol, jails DAP MP I B&Slpii WpdllMdfl WS v -£i~-.~~~- ipr-,~ s~gg fggg WW lw by YangßazahKassrni &JBBBBBBBBHBBI^ TheßusinessTimes lf«A»«BI
      27 words

  • Page 30 Advertisements
    • 455 30 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I 111 NIPPECRAFT LIMITED 1 (Incorporated in the Republic of Singapore) a I NOTICE OF EXTRAORDINARY GENERAL MEETING 1 H NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be I held at 9 Fan
      455 words
    • 382 30 Trade all over Asia, anytime you want. Call DBS Investor Online at 438-1188 to find out more SSI XISBANK COMPANIES ACT, CAP.SO AND IN THE MATTER OF A-T AGENCIES PTE LTD (In Members' Voluntary liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the
      382 words
    • 70 30 FREEUN INVESTMENT PTE LTD (In Members' Voluntary Winding-up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed company will be held at 138 Cecil Street, *18-00 Cecil Court, Singapore *****8 on 23 April 1999 at 10.30 am for the purposes set out in Sections 308 and 320(3) of
      70 words
    • 413 30 "TECK^SHpSf^RODUCTCWDT"™ (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held on the 9 day of April 1999 at 25 Pandan Crescent #05-15 TIC Tech Centre Singapore *****7 at 10.00 am,
      413 words
    • 13 30 It advertise your simply lax: 741 1198 •r Call 1011-free: 1800 741 1883
      13 words

  • SHIPPING TIMES
    • 317 31 Bridge News Reuters THE market appeared to be almost at a standstill last Friday as the week came to a close. However, brokers appear to be optimistic that the Atlantic will pick up for the Panamaxes and expect many more cargoes to emerge, especially from South America. TANKERS:
      Bridge News; Reuters  -  317 words
    • 298 31 so m 1 mm Mar 22 a W CWT Distribution 0.53 unch 10 Chuan Hup 0.61 unch 84 Coko Invastmant 0.48 unch 0 Fraight Links 0.17 unch 954 GBHoldinqs 0.36 unch 0 Hal Sun Hup 0.48 aOI 136 IMC Hoidlnfls-HK 5.60 unch 0 J*i* Holdings 0.58 0.01 M
      298 words
    • 411 31  -  It has teamed up with Suez Canal officials to promote all-water ronte to US East Coast By. Marcus Hand [SINGAPORE] The Port Authority of New York and New Jersey is pushing to increase cargo volumes from Asia with the signing of
      411 words
    • 320 31  -  By] Felix Chan [SINGAPORE] Wilhelmsen Lines and Contship Containerlines will extend their cooperation with a reciprocal slot exchange arrangement scheduled to begin in June. Under the arrangement, Contship will charter container space on three roll-on/roll-off (ro-ro) services operated by Wilhelmsen Lines in the US
      320 words
    • 1098 32  -  SHIP INSURANCE Trouble at a smaller insurer has led to more shipowners choosing the financial strength of bigger P&I clubs From David Hughes in London IN the well ordered life of the protection and indemnity (P&I) Clubs, the shipping industry's mutual liability insurers, Feb 20 is an
      FILE PHOTO  -  1,098 words
    • 211 32 PAGE ECU Line 6 ACL 6 ECL 5 ML 3 awr** 6 n Accord 8 FooM > Sun 8 Appenship 5 CLink •Austral 8 G Mrtr4ns 8 Balaji Stipg 4 H >9 BSA 7 B'tanq Mai 8 4 7 ICFS 3 CMA 8 Interasia 7 C0SC 5
      211 words
    • 18575 39 THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vnt« Voyage TaMphona ETA ETA Advartlsar Vasaal Voyaga TaMphona SbJmSwm mm wSSSmmKmmmmmSmmam SlN D 5t N m Numoar Numoar 01/04 09/05 CCNI PtONLL SAN JOSE 6202E 45-*****77 W04 24sw C< To BUENOS AIRES (BUE) 2060 Argentina r S tSZ S ZS 2S 2£
      18,575 words
    • SHIPS IN PORT
      • 781 43 Voy No Btrth Arrtvtl Dtpartu VJV 'jw Mongwfe 22.01/2301 22" *W TC I JOS M19M 22 03/210C ■<" ata*i*a 26 03/120C "5? 24.03/0701 5 aiongw* 22 03/163C tt BJST S2S2? "S! 23 03/0115 *****9 JOI Mogul* 23 03/004. f to *****9 J01 UonquK 23.03/002" CProtrtn 22/03 J09 alongside
        781 words
      • 1809 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booting/Balmc* Rstls Ship Voy Mo Etb/Btr Ptrlod From Tt From *ti WWl 025 23/1800 U 22/500 22/WS9 22/500 22/1500 22/559 22/1900 WW 2 MM 23/1300 U 22/HOO 22/559 22/1*00 WHfl 2 9417N 24/500 U 22/500 22/551 22/500 22/500 22/559 22/500
        1,809 words
      • 214 43 Mar 28 Greece: Independence Day. Mju-28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mat 28 Taiwan: Youth Day. Apr 1 Denmark: Maundy Thursday. Mexico: Maundy Thursday (optional). Apr 2 Mexico: Good Friday (optional). Germany: Good Friday. Finland: Good Friday.
        214 words
      • 755 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 averagesized stem. Market movements are indicated The Cockett Bunker Price Index change and the
        755 words
      • 475 43 ia barton »0 Max 996.1 3.4 18.6 0.09 59 0.07 w Otwlty Wter »eH4ue Ash Hmkkm Sediment No above E25 2 1 M 0 0 0 'ThaT 380 Ave 984.9 0.3 13.2 0.06 35 0.02 iftAf) «v/v »y MOMax 994.2 U 18.9 0.11 250 0.06 K6/MI
        475 words
    • AIR & LAND TRANSPORT NEWS
      • 531 44  -  Otherwise, Chek Lap Kok risks losing business to S'pore's Changi Airport liy\ Felix Chan [SINGAPORE] The row over landing charges at Hongkong's Chek Lap Kok airport has reached a new level with British Airways chairman Colin Marshall urging authorities to reduce fees
        FILE PHOTO  -  531 words
      • 382 44 Bloomberg [PHOENIX] America West Holdings Corp's flight attendants will release details later this week of its new fiveyear contract that averts a strike at the No 9 US airline, said a union spokesman. A date for members of the Association
        Bloomberg  -  382 words
      • 165 44 Reuters [TIRUCHI, India] India will upgrade the airport in the southern town of Tiruchi by lengthening the runway, Civil Aviation and Tourism minister Ananth Kumar said. "Tiruchi airport has right now only 6,000 feet of runway. The government of India has decided to extend this to
        Reuters  -  165 words
      • 83 44 JOUNIEH, Lebanon] A woman passes rusty carriages of a Beirut train in Jounieh, north of Beirut. Lebanon's 15-year civil war struck a body blow to the country's rail network, but the Lebanese Ministry of Transport is currently planning to revive some train lines,
        AFP  -  83 words
      • 265 44 Reuters [PARIS] Italy's Alenia, a unit of the Finmeccanica industrial holding company, could take up to 10 per cent of Airbus Industrie's A3XX giant airliner project, Airbus's managing director told La Tribune. The newspaper yesterday quoted Airbus's Noel Forgeard as
        Reuters  -  265 words
      • 268 44 Sharp drop in passengers amid Indon crisis AFP [JAKARTA] Air France has slashed the number of ParisJakarta flights each week by half, becoming the latest foreign carrier to cut services to Indonesia, company sources said yesterday. Air France decided to cut the flights from
        AFP  -  268 words
      • 282 44 Reuters [DUBAI] Emirates airline said its brand new Airbus A 330-200 aircraft would be operating non-stop daily services between Dubai and Manchester from Sunday. The A 330-200 would replace the A3OO-600R and A3lO- currently operating on the Dubai to Manchester route, Emirates said
        Reuters  -  282 words
      • 1754 44 CITY FU6HT ETA FlIQff CT> W4578 1650 IH779 2359 AM«M« BA7J81 1930 BA7J82 2050 S***** 1650 U4579 2359 0FS1 1930 0F82 2050 M'306 1840 *****6 2359 AN8229 2230 <*• LH6380 2230 S0909 1730 SC990 QH5 M 2 2230 Gwa«rto« P«C $0803 1915 C2354 0910 AnitffdMi K1843
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      • 202 44 Reuters [LONDON] Hundreds of British truckers plan to bring traffic to a halt in London yesterday in protest against government increases in diesel duty and road tax, truckers' leaders said. Police declined to say if they would take any action but motoring organisations
        Reuters  -  202 words
  • Page 31 Advertisements
    • 21 31 Slip insurance: Shipowners seek security Trouble at a smaller insurer has led to more shipowners choosing bigger P&I clubs. Pag© 2
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    • 419 31 Lower HK airport landing fees, BA chief urges Otherwise, Chek Lap Kok risks losing business to S'pore's Changi Airport. Back Page Clhimima in snipping to ATQentißi The government of Argentina has added 607 new tariff codes to the list of items covered by its pre-shipment inspection programme according to Intertek
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  • Page 32 Advertisements
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  • Page 33 Advertisements
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    • 331 33 KMTC provides LCI consolidation to Korea, Japan Outports China on every WEDNESDAY, FRIDAY. For enquiry, please contact us. Tel: 220 8558 Me ***** SI Frnka Mm SUppta) Afncfes S4 M MMbni AfMdti h. LM. tacMWlH/MWUS NrtKta* (U) 0J7S47S* (Fu) t3-7S4SJ4J JltSTEXJS (W1M-JM0440 (hi) 04-*****44 KTTF: /WWWJUITCCOJM r.Mmf (M) 07-******? (T«)
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  • Page 34 Advertisements
    • 1592 34 DSR SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA waa wt aw leh htm aim ham mv ax vttsti voy m pit sp* ros w.c mtw HAMJM COLOMBO WW9IS tt S3 M M 11M 12 M 13 M 14 M IS M LONDON SENATOR WMtIS »#3 11M 11 M IS M 17
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    • 797 34 WIAM MAC-NELS S PORE MSIA Carrlw: MNCONTR LINES, INC p. quoang:<o7) *****26 IHV/V* J WNftllWmOBW SOU: (064) *****9 MANILA: (632) *****24 PENANQ: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31)*****0 P. KELANQ: (03) *****77 JKT (21) *****07 MDN: (61) *****3 KUCHXQ (062)*****1-3 CALCUTTA I MADRAS MV "HEIMAR J" V.Ol 2N MV
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    • 1174 35 VEBBEL VOY SIN PKO PEW PQB PUB PAM BWJ BA BIK I IRAN LORESTAN PJLI33B 22/03 31/03 01/04 02/04 04/04 06/04 IRAN TABATABAEI PJLI339 29/03 07/04 08/04 00/04 11/04 13/04 IRAN TEYFOURI PJLI34O 09/04 14/04 18/04 18/04 18/04 20/04 IRAN VAHPAT PJLI329 12/04 21/04 22/04 23/04 28/04 27/04 I IRAN
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    • 480 37 M|h MYANMA pBBk FIVE STAR LINE (Myanmor National Line) loading for Yangon (Rangoon) vlssn vor sin pkl pen pgu RKRGW VISI SU) CHIN SNWf HAW V22W Sl# MALAYSIA AGENTS: 100$ HAD SHIPPING AGENCIES KUt TU (03)*****00 PKL TH (03) 376*101 PEN: TU (04)2****** PGU: Ttt (07)*****21/4 M BANK LINE (A
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    • 657 38 BANGKOK/ MAP TA PHUTI LAMM CHABANOI JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN DANU BHUM 34N In Pt 27/03 26/03 ANRO QOWA* 077 ~Tn Pt 27/03~ NANTA BHUM" 438N 24/03 27/03 28/03 GURU BHUM 122S 24/03 28/03 KOTA RATNA RNAIOI 24/03 27/03 GURU
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  • Page 39 Advertisements
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  • Page 41 Advertisements
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  • Page 42 Advertisements
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  • Page 43 Miscellaneous
    • 131 43 LEGENO: R Thunderstorm Temperoture c V Shower Weather Wind direction with speed in knot* Rom Cloudy Sky w ove height Swfjce winds ore indicated by arrows which Hy with the wind (V) One fun circle represents calm or light ond vona«e wwhH WOnehdf Heche represent, 5 knots One KJI fleche
      131 words