The Business Times, 25 March 1999

Total Pages: 40
1 40 The Business Times
  • 15 1 X\ v >ITO(P) 046/IJ/98 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, MARCH 25, 1999 85C
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  • 54 1 DittL3S(-10£l) lul MLBO (-6.79) nsußunmjiss wM mm (-120) nsr™* STOCK BASKET DTOCES NIKKEI 1U 16.47 Milt HANG SENG H711J4 -BM7 RKfiwnct mit i» JAKAIfAOOMP—HIM .4.4* MANILA COM P _JjHU4 18.43 TAffHWPI 4381.43 MM SEOUL OOMP S1L48 -IM CIS A CHINA B MM *tM AUST ALLOBD MK.7 I1J Item
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  • 68 1 ran mi ust U8S L» £(US|/8Sper2)— UI7 KSi um DM L794 MM YEN 117.7 %m* KM UN MH HKS 7.7# MS •ACT 17-19 UN UPIAfl 3 *M— •stmmmMi SINGAPORE* MM KUALA LUWUl 1LM JAKARTA MM BANGKOK 1471 MAMLA AM HONS HONS 18.28 DUPH SJI SYDNEY 8.41 TOW® um SEOUL
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  • 834 1  -  In-principle extension from SES draws strong reactions By' Ven Sreenivasan [SINGAPORE] In a surprise move, the Stock Exchange of Singapore has given Freight Links Express in-principle approval to extend by two years its 1999 warrants which, until yesterday, looked set to expire worthless in
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  • 454 1  -  Sale of Nippon Credit Bank, LTCB will be a radical departure From Anthony Rowley in Tokyo JAPAN is willing to let foreign banks take over two domestic banks that were nationalised earlier this year to prevent their collapse, financial reconstruction minister
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  • 788 1  -  A shift from the geographical reporting system of the past, say sources From Quak Hiang Whai in Hongkong WHILE its competitors adopted much higher profiles in laying out new corporate road maps to tackle the challenges ahead, United Overseas Bank (UOB) has quietly revamped its organisational
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  • 579 1  -  Analysts see Hutomo case as first step in prosecution of family over alleged graft From Shoeb Kagda in Jakarta THE Indonesian government will try former president Suharto's youngest son next month for suspected involvement in a multi-million dollar land scam, a move political
    FILE PHOTO  -  579 words
  • Page 1 Advertisements
    • 123 1 99?®? InAwaitn hnslwwainian Johanes Kotfo and his former business associate and fellow Indonesian, Edwin SoeryadJaya, are suing and countersuing each other for more than HOm over their investments in L&M Group Investments, PglS What lies ahead for Tibs and Singapore Bus Service? PyM .< i SIK tycoon U K*ahing is
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    • 28 1 Focus onfOND MARKET Interview with the Monetary Authority of Singapore, Pg 6 B H ow issuers can capitalise on the I*7 1 m. Safvzd&jL. I'aMj;'-: v,i M. ••)< i
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  • SINGAPORE AT HOME & ABROAD
    • 435 2  -  Move indicates his S'pore property firms don't have cashflow problems, says company 6M By Ang Wan May HONGKONG tycoon Li Kashing is negotiating to buy prime land and redevelopment properties in Singapore, indicating that his Singapore property companies have no
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    • 433 2 Gleaning and disinfection of abattoirs end today The Straits Times A DECISION to re-open the abattoirs will be taken in two weeks' time, said Primary Production Department director Ngiam Tong Tau yesterday. Five days of cleaning and disinfection of the abattoirs end
      The Straits Times  -  433 words
    • 346 2  -  By Audrey Tan SINGAPORE'S growth rate will decelerate as it continues to develop, but its per capita income may surpass America's, says a visiting academic. Henry Wan, professor of economics at Cornell University, said that if any country could surpass
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    • 142 2  -  By Rahita Elias THE High Court has extended by one month a moratorium against creditors for Emporium Holdings, and not three months as sought by the company's judicial managers, Coopers Lybrand. An application for extension was made on Monday to allow the accounting
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    • 342 2  -  E7E ON THE ECONOMY Data distortions By t Anna Teo SINGAPORE'S January and February economic data, like those of the other East Asian and Asean countries, need "adjustment to be useful" because of holiday distortions, says J P Morgan. First quarter data from most
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    • 466 2 The Straits Times X [PARIS] Singapore is a small country and therefore needs a* good air force to be able to contribute to peace and stability in the region, said Prime Minister Goh Chok Tong yesterday. "We are very fortunate that we have friends
      The Straits Times; ZAOBAO  -  466 words
    • 341 4  -  Mo Internet account needed; all customers need is the bank's ATM card Byi Clarissa Tan IN a first for Singapore, DBS Bank has launched Internet kiosks where its customers even those without Internet accounts can carry out banking transactions using their
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    • 456 4  -  Over $30m spent; budget may be increased if required By Raju Chellam SINGAPORE Airlines has a budget of over $50 million to get its computer systems and applications year-2000 (Y2K) ready, of which over $30 million has already been spent, a senior official
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    • 223 4 SINGAPORE Airlines has introduced discounted fares for senior citizens, in conjunction with the United Nations' commemoration of 1999 as the International Year of Older Persons. Those aged 60 and above as at April 1 can fly economy class to London for as little as
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    • 336 4  -  By Marissa Chew REAL estate agent Colliers Jardine yesterday sold two of seven properties put up for sale at its monthly auction. Of the two, a 1,216 sq ft walk-up fiat at Sing Avenue was sold at the opening bid of $340,000, or
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    • 484 4  -  MAILBAO Lim Joke Mui (Mrs) Group company secretary DBS Land I REFER to the letter by Peter Leesinsky "Address salient issues, DBS Land" in BT on Tuesday. We would like to emphasise that notwithstanding the difficult operating environment in 1996, the DBS Land Group made
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    • 196 4  -  Loh Chock Meng Singapore I REFER to Peter Leesinsky's letter "Address salient issues, DBS Land" in BT, March 23. I wish to point out to Mr Leesinsky that the worst estimate for DBS Land earnings before the company released its results was not a
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    • 304 4  -  Paul Chang I REFER to the letter "PacNet's entry made Net affordable" by Chan Wing Leong, chairman of Pacific Internet (BT, March 23). Sing Net is always looking for ways to delight our customers. We listen to the market and are aware that in these
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    • NEWS Roundup
      • 80 4 ROTARY Engineering Limited said yesterday that it will lease a 2.7 hectare piece of land on Jurong Taiwrwi from Jurong Town Corporation, at $14.92 per sq m per year for 90yem.lt will incorporate a subsidiary to build and own an integrated maintenance complex on
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      • 58 4 SEMBCORP Engineering said yesterday that it had secured a multi-million dollar contract to build an integrated tops ides deck and living quarters module for Shell's Malampaya deep water gas project in the Philippines. The company declined to put an exact value on the deal. Thetopsides
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  • Page 2 Advertisements
    • 356 2 Ossia International Limited (Incorporated in toe Republic of Singapore) NOTfCK OF BXTKAONDINMIY OCNIRAL MUTING NOTICE IS HEREBY GIVEN thai an Exfraordtoary General MeeMng oi the Company w* be held at No.lo Chengl South Lana, #07-01, OSSIA Building, Singapore *****2 on 13 April 1999 at 10.00 a_m. for the purpoee of
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    • 149 2 f^t CATA Buy It Sdl It Find It Dear CEO I The fate of your company may I depend on a Y2K Certificate. I Accounting Software is a very crucial part of your operations. Have you personally checked the Y2K Certificate for the accounting software? FACT Realtime Accountinq /> /i
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  • Page 3 Advertisements
    • 116 3 Now there's an airline alliance that revolves around you. i Now there's an alliance that makes international travel tS Cathay Pacific easier, and more rewarding, than ever before. With AmeriranAifce^ worldwide recognition on five of the world's finest airlines. Access to even more lounges. Smoother BRITISH AIRWAYS transfers. And the
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  • Page 4 Advertisements
    • 46 4 I!llil!llil!llil!Hil!llil!llil!llil!llil!llil!llil Nanyang Technological University UU£J PROFESSOR MICHAEL SPENCE D Lee Kuan Yew Distinguished Visitor Mil "INFORMATION TECHNOLOGIES: [Jffl TRENDS AND EFFECTS ON BUSINESSES JJJ AND MARKETS" Nffl Date Thursday, 25 March 1999 yj Time 6.00 pm MM Venue Lecture Theatre 2, RM Nanyang Technological University ■IIJ
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    • 135 4 ntIIIIJI 1 1 1 1 1 11 mmm I Services! IServicesl •Lamda Prints Duratrans Commercial ExhMton (drect output from dnfcette) Enlargement for Doptay Lighted Digital Injet Print (14) to 600 dpi) B« (Up to 20ft) Dot* Retouch™ of Trans. Duratrans, Duradear, Dopiay Trans FO Side to Print, SSde DupScrtng LMMflon
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    • 155 4 The Straits Times CLASSIFIED Where buyers Sell your old clothes. Buy It Sdik. Fkid It IJ H lithe Best Tibs on I Investment iwCJ*****Z3 Are you interested to know how GST in Australia will affect the property market? Are you keen to find out how to create wealth through property
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  • ASIA'S ECONOMIC SLUMP
    • 584 5  -  His remarks come after Harvard's Sachs urges gradual devaluation From Quak Hiang Whai in Hongkong CHINA will and can hold the exchange rate of its currency, said Hubert Neiss, the Asia Pacific director for the International Monetary Fund. Speaking to reporters
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    • 455 5  -  It is appealing to Constitution court to stop law's enactment From\ Harish Mehta in Bangkok THAILAND'S opposition New Aspiration Party (NAP) has mounted a last-ditch attempt to block the enactment of landmark bankruptcy and privatisation laws by appealing to the country's
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    • 186 5 Reuters [KUALA LUMPUR] A total of 47 companies have applied to Malaysia's Corporate Debt Restructuring Committee for help with 25 billion Malaysian ringgit (5511.4 billion) worth of debts, the Bernama news agency said yesterday. This includes the restructuring of RMB.S billion worth of debts
      Reuters  -  186 words
    • 332 5 Index np 14% on the year as companies begin to restructure AFP [TOKYO] The quiet rise of Tokyo's stock market, which now stands out as a top performer in the world this year, is a sign that much-needed corporate restructuring is slowly emerging in Japan,
      AFP  -  332 words
  • Page 5 Advertisements
    • 147 5 1 I I' I■>" Hm nlß^^^^^^HMwf3miMin^r>n^^^^^^^^^^Mniii fflffinßTr^iM^^^^^MW\'»^^^^BHW^^M^^WrTiT!^M^^^^^BWlßHniilH^MßnMMl^WMlliWwlinßlCwllnßT |HP wßf Hal^^l.tfk.'^Si' -JP^fl^ II fH^^H |rJ jf K&.\i .JMife#'- JjgippeMiiiiPlli h^H^H tfH> f MK #1 S^H|^B 1. jr i 1 ;t wMfF K* I I ■BKjKtE i. Emirates now flies 11 times weekly to the UK. Daily to London Heathrow and Gatwick.
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  • FOCUS: BONDS
    • 1182 6  -  MAS' issuance of 10-year government bonds in June 1998 not only set the benchmark yield but also paved the way for entry of other players Reports by' Wong Wei Kong [SINGAPORE] FRIDAY, June 26, 1998. Even for seasoned traders in the Singapore bond market, it
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    • 553 6 With easing of MAS controls, players see foreign corporate Sing dollar issues gaining importance THIS is looking to be a busy year for the corporate bond sector in Singapore, as banks seek to capitalise on the Monetary Authority of Singapore's decision last August to relax controls
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    • 710 7  - Euro new source of funding For Asian issuers with long-term goals, Europe's new currency offers an attractive means of raising capital compared to traditional US market r>y Roland Plan The writer is senior vice-president and head of fixed income origination/ syndication Asia, ABNAmro Asia-Pacific [SINGAPORE] ASIA might not have given
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    • 890 7  -  In terms of returns, global and S'pore bonds have outperformed stocks and cash in'9B By' Tay Soo How The writer is portfolio manager. Citibank Global Asset Management. All opinions and estimates in this article constitute SSB Citi Asset Management s judgment as of this
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  • Page 6 Advertisements
    • 228 6 The «d»ar»aament haa baan »pp>o»art by OwMi But AG London, ragulaled by SfA tor <ha conduct <M n»—gn«w buanaa> n tm UK- Tha aarwcaa daacnbad in tfw mwwwwl «r« prowdad by Dautacfca Bar* AG or by its aubedanaa andfor itiatn m Kconttnct wfli appropnata local and ragulatton WBm Income Client
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  • Page 7 Advertisements
    • 141 7 SPECIAL FEATURE All AIR RAIL* SHIPPING TIMES •14 APRIL 1999 KEEP YOUR BUSINESS In conjunction with Inter Airport Asia and Cxporail Asia 99, Shipping Times, the exhibitions' official newspaper will for the first time publish a special feature that will highlight important developments in the air and rail industries. The
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  • SOUTH-EAST ASIA
    • 1040 8  -  His PKB party tipped as a front-runner in June polls Vikram Khanna [SINGAPORE] Indonesian political leader Abdurrahman Wahid yesterday said his party, the National Awakening Party (PKB), is open to forming a coalition with the Indonesian Democratic Party (PDI) led by Megawati Sukarnoputri, as
      ARTHUR LEE  -  1,040 words
    • 315 8  -  March 30 talks off indefinitely; Asem's Monday meet still on From Ronnie Lim in Bonn THE Asean-European Union foreign ministers' meeting planned for Berlin on March 30 is cancelled and has "been postponed indefinitely", sources here confirmed. But the Asia-Europe (Asem) foreign ministers' meeting
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    • 285 8 m KUALA LUMPUR They want contempt law nnder scrutiny, citing Anwar's trial Reuters MALAYSIA'S lawyers called yesterday for a review of the nation's legal system in a move prompted by the trial of sacked finance minister Anwar Ibrahim. The Malaysian Bar Council
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  • Page 8 Advertisements
    • 393 8 gp n 1 4j XT 1 If you move fast, you can snag one of the last, great I )\A/ \H I \IHI I opportunities of the century. Specifically: buy any between now and April j <| receive a mail-in coupon good for either a free 64-megabyte TT7l| (YA A/|
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  • REGION
    • 759 9  -  LETTER FROM HONGKONG Mot exactly a lovely twosome, but SAR Is the ultimate winner in surprise new term By Loh Hui Yin Hongkong chief executive Tung Chee-hwa showed considerable political savvy in his decision to retain the services of his Chief
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    • 401 9 HONGKONG 85% of assets have nil or uncertain returns, it says Reuters AROUND 85 per cent of the assets of a Hongkong unit owned by China's bankrupt Gitic have nil or uncertain returns, according to a liquidators' report issued in March. Guangxin
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    • 327 9 KUALA LUMPUR Vessel allowed to berth overnight, refugees given food AFP AUTHORITIES in Malaysia's Sarawak state yesterday sent a boatload of 411 Madurese fleeing ethnic strife in Indonesia back into international waters, the official Bernama news agency reported. The immigrants on board
      AFP; REUTERS  -  327 words
  • Page 9 Advertisements
    • 249 9 The new Saab 9-5 Griffin Special Edition saloon Especially when you are overtaking the other And power aside, the unabashed luxury of its And put yourself in the driver's seat of the may be from Europe (Sweden to be exact), but let cars with such finesse and ease. stately interiors
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  • ASIA
    • 305 10 WASHINGTON But it's showing new purpose in bid for entry: B&rshefeky AFP, Reuters CHINA has yet to make the "hard decisions" needed to join the WTO but is taking its admission more seriously than before, a senior US official said Tuesday.
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    • 78 10 [SEOUL] About I,oooSouth Koreans, most of them owners ofpersonal computer assembling or retailing shops, staged a rally yesterday in front of Seoul's main electronic goods market, demanding that software giant Microsoft Corp lower its price for the Windows 98 operating system. They claimed that the current price
      REUTERS  -  78 words
    • 97 10 TOKYO AFP JAPANESE naval ships fired warning shots yesterday as they chased two suspected North Korean high-speed boats fleeing from Japanese territorial waters. But they stopped chasing one of the boats as it moved out of Japan's air defence zone towards the Korean peninsula
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    • 256 10 TOKYO Fall marks Bth drop in 9 months, follows 4% decline in Jan Bloomberg JAPAN'S general merchandise store sales fell in February year on year, the eighth decline in nine months, adding pressure on retailers to close loss-making operations. Sales at
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  • Page 10 Advertisements
    • 2117 10 Wayfoong Mortgage And Finance (Singapore) Limited BALANCE SHEET <«> hw*iee fcr IkwbdU Dt*H Note l«8 1997 as at 31 December 1998 Known bad debts are written off and specific provision is made for amounts considered doubtful of collection. Payable after 12 months: Note 1990 1997 In addition, a general provision
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    • 142 10 CHRISTIE'S y Mr *a Adrien-Jean le Mayeur de Merpres (Brussels 1880-1958) Terrace affording a view of the sea with Pollok under an umkrella and several figures Estimate: SS2BQOOO-35Q000 H Le Pho (b. Vietnam 1907) 'fey Harmome verte: Les deux soeurs 1 Estimate: SS3SjOOO-45/XX) g» A diamond bracelet Estimate: SS6OOOO-***** JL
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  • THE WORLD
    • 518 11 LONDON Exports sink to four-year low; trade gap seen weighing economy down Bloomberg BRITAIN suffered its biggest trade deficit on record in January, as exports collapsed to a four-year low with demand falling across all major overseas markets. The country imported a
      Bloomberg  -  518 words
    • 432 11 Bloomberg, AFP YUGOSLAV leaders warned yesterday that military and police facilities would be hit in air strikes that could start within hours, as the North Atlantic Treaty Organisation authorised action to end the conflict between Serbs and ethnic Albanians in Yugoslavia's Kosovo province.
      Bloomberg,; AFP; REUTERS  -  432 words
    • 369 11  -  His first task will be to reform exec agency: Schroeder From Shada Islam in Berlin EUROPEAN Union leaders yesterday nominated former Italian prime minister Romano Prodi as the next president of the European Commission, resolving the bloc's most serious institutional crisis in 42
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    • 367 11 NEW YORK Reuters THE Federal Reserve often endorses a tightening bias in the spring, a pattern that, coupled with a robust US economy, is raising market concern that the Fed may soon adopt such a stance again, analysts said. The Federal Open
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    • 279 11 WASHINGTON Bloomberg FACTORY orders for big-tick-et goods posted the largest decline in more than seven years in February, reflecting weaker demand for aircraft, electronics and industrial machinery. Total orders fell 5 per cent last month to US$l9l.B billion (***** billion), the Commerce
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  • Page 11 Advertisements
    • 88 11 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions inducting 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 further
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    • 7 11 Htoday® ftfr* 5l BS9I (Andrew Gn) fcBSKIttJSt <«»>
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    • 246 11 I-™._.„ can make a home in the 'City of Eternal Spring'. Here in Kunming, Yunnan, the southwestern province of China, 4|e a it's always Springtime, with a refreshing 'air-conditioned' climate all year round. Our integrated resort features the best Jack Nicklaus golf course in Asia. What's more, you can look
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  • EDITORIAL & OPINION
    • 661 12  -  tbe BOTTOM LUTE OPINION By Leon Hadar The writer is BT's Washington correspondent WHILE OS President Bill Clinton seems to be winning the support of Congress and the American people for the expected US-led Nato attack on Serbian forces, the military action in the Balkans
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    • 156 12 'Chinese people have been very poor for many years. Now we are awakening. But we will never have the goal of invading another country. Our goal is to pursue peace.' WangDaohan a senior adviser to President Jiang Zemin, on allegations that in the last decade, China was
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    • 633 12 EDITORIAL THE soaring US trade deficit, fuelled by a flood of imports from East Asian and other emerging markets, was bound to produce a protectionist backlash on Capitol Hill sooner or later. It duly happened last week. The US House of Representatives, accusing Japan, China, Brazil
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    • 963 12  -  Credibility of global market system can only be restored by new leadership at the highest levels By 1 Tom Plate The writer, a Los Angeles Times columnist, also teaches at the University of California, Los Angeles. E-mail: Tplate@ucla.edu AT HIS first full-fledged
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    • 1021 12 Anson Chan's valntd ssrvles THE announcement that Hongkong's Chief Secretary for Administration Anson Chan Fang On-sang will stay on for the next two-and-a-half years is good news on many fronts. It should give a big boost to public confidence and international confidence in the SAR. In
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  • EXECUTIVE LIFESTYLE
    • 636 13 CITIBANK/BT GOLF LEAGUE Citibank I, GS Clinic neck and neck with just two legs left TEAM Toshiba triumphed at the fourth leg of the Citibank/ Business Times Corporate Golf League at Laguna, gaining their first ever league victory in their first year of entry into this
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  • Page 13 Advertisements
    • 199 13 Where to wine, dine and entertain (oj?SSSiT fj^H*****45 Engage in ballroom dancing to rock 8£ roll, tango, samba and romantic evergreens at Singapore's favourite nostalgia pub, Club 5 two. $12 weekend cover charge and dance tips every Tuesday from 8.30pm 10pm and every Thursday from 9pm 10pm. Operations Hours: 6pm
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    • 111 13 Q 4 HOTEL CMAf4D CENTRAL UNITED 22 Orchard Ftoad/Cavenagh Road, Singapore *****7 Tat 737 9044 Ext 40QA12 Fax; *****75 IP^^UNDAY BRUNCH >52 00"* PER APUIT WITH FREE-FLOW OF CHARLES HEIDSIECk' j CHAMPAGNE PEP s WH'Tt WINE. DRAUGHT TIGER peer and FRESH FRUIT JUICES 50— PER CHILP with free-flow of soft
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    • 162 13 "t2f2" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212 s lunch promotion bring at least one friend to enjoy the following special prices and discount. M M iMtanril Mr audi aaiafer Mon Chicken Rice $8.50 $1.00 $4.25 Tue NasiGoreng $7.50 $2.00 $3.70
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    • 73 13 Food Wine Festival 1 31 March 1999 We bring you the grandeur of this French region at Top of the C M J J2B Revolving Restaurant Otyfe Bon Appetit! \lz Revolving Reservations: 831-6258/88 39th floor Monetarist Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 k Advertise
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  • Page 13 Miscellaneous
    • 848 13 CRYPTIC CROSSWORD 1 Girl regarded disparagingly, 9 Old-fashioned male changed —mm Lnr Lml LhJ 16 Words of rebuke for repeating 17 Jolly chap sacked over last 21 Communist leader not pre- 22 IH H| 22 Passion in early round (4) I 1 I I I I I 25 Scarecrow, perhaps,
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  • MOTORING
    • 438 14  -  New intelligent system on the cards for Singapore's bus and train network Reports by i Christopher Tan (SINGAPORE) THE Land Transport Authority has embarked on a massive project to wire up Singapore's bus and train network with an intelligent, contactless farecard system. The system,
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    • 220 14 It has team of specialists to look for such opportunities [SINGAPORE] Communications giant Motorola has identified transportation as a growth sector. At the end of last year, it set up for the first time "a dedicated team of specialists" to source for opportunities in
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    • 290 14 Gemplns has supplied more than half a billion cards from Seoul to Sydney [SINGAPORE] The usage of contactiess smartcards for public transport has spread far and wide in recent years. Gemplus, the world's largest maker of smartcards (accounting for more than half of the one
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    • BUMPER to BUMPER
      • 92 14 AUDI Group posted net earnings 0f463 million Deutschemarks (*****.9 million) for 1988, up 36 per cent. This was on a turnover of 27 billion marks, up 21.5 per cent. Cashflow improved by 19 per cent to 2.4 billion marks. Chairman Franz-Josef Paefgen said that "1998 was
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      • 64 14 BMW has emerged first in a 12-hour race in Sebring, Florida—a prelude to the Le Mans 24-Hour. Its Vl2 LMR (above) beat a Reilly Scott Mklll-Ford to the pole. Audi's two RBR cars captured third and fifth positions, while Porsche's 911GT1—Le Mans champ for the last
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      • 77 14 HONDA has developed a new four-cylinder engine that is high-output and low-emission. The high-revving power plant has double-overhead cams and variable valve-timing. It produces 125 horses per litre, and emits just SO per cent of the exhaust stipulated in an upcoming 2000 standard. The engine will
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      • 109 14  -  CoapHfldlqr Christopher Tan FORD could revive the Cosworth badge in its Focus line. The Cosworth Focus concept displayed at the recent Geneva Motor Show, packs a two-litre turbo Zetec-E engine that produces more than 200 horsepower. It has a five-speed MTX-75 transmission with limited
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  • Page 14 Advertisements
    • 159 14 .^^^l^SShhbss They say a picture painls a thousand words. In this case, it would send more than a thousand hearts racing. Built with one of the most advanced transmission systems in the world, the Passat Turbo Tiptronic delivers awesome power at your fingertips. Rarely, if ever, in automotive history has
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  • COMPANIES & MARKETS
    • 390 15  -  Company secretary quits; moves afoot to remove directors By\ Marissa Chew [SINGAPORE] Just 10 days after its auditor questioned Pacific Can Investment's viability as a going concern, the company yesterday announced top-level changes and added that some shareholders want several board members removed. Pac
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    • 591 15  -  Claim, counterclaim of more than $10m on alleged breach of agreement By i Conrad Raj [SINGAPORE] Indonesian businessman Johanes Budisutrisno Kotjo and his former business associate and fellow Indonesian Edwin Soeryadjaya are suing and countersuing each other for more than $10 million
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    • 851 15  -  HOCK LOCK SIEW Louis Beckerling THE countdown to scrapping the dual Foreign/Local listings of bank shares appears to be underway, judging by the sharply narrowing price gap between the two as the market anticipates the demise of the system. That narrowing could also
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    • 501 15  -  By: R Sivanithy [SINGAPORE] Deutsche Bank yesterday launched a first for the local stock market call warrants via private placement on the Local tranches of OCBC Bank, United Overseas Bank and DBS Bank as well as Singapore Airlines.
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    • CORPORATE RESULTS
      • 798 16 CORPORATE EARNINGS REVIEW Yesterday, BT analysed the recovery prospects for Singapore's major property companies. In the second of a series on the 1998 earnings of listed companies, we look at the road ahead for the two listed bus companies. By Christopher
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      • 485 16  -  Bottomline loss swells to $4&2 m due to drop in valne of investments By i Catherine Ong [SINGAPORE] Trading company Intraco Ltd has sunk into the red with a group net loss of $13.7 million for the year ended Dec 31, against
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      • 382 16  -  Byy Christopher Tan [SINGAPORE] Tan Chong International yesterday became the first Singapore-based motor company to report an increase in earnings for 1998. Profit after tax and minorities for the Hongkong-listed Nissan distributor rose 12 per cent to HK$l5l million
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      • 238 16 [SINGAPORE] Doormaker Chuan Soon Huat Industrial Group (CSH) yesterday reported a 48 per cent increase in net earnings to $3.6 mUlion last year, while turnover rose 27 per cent to $60 mUlion. CSH attributed its improved performance to the continued expansion
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      • 215 16 [SINGAPORE] Sesdaq-listed food group ABR Holdings remained in the red last year with a net loss of $2.9 million a nearly 50 per cent improvement over the previous year's loss of $5.3 million. Consequently, loss per share was halved to six cents. The
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      • 424 16  -  Interest cost alone eats np $9.7 m operating profit By Carol Eng [SINGAPORE) Shangri-La Hotel was expected to slip into the red and it did, but the net loss of $16 million for 1998 it reported yesterday was much worse than what analysts had anticipated.
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      • AT A GLANCE
        • 80 16 [SINGAPORE] New Toyo International Holdings has reported a 75 per cent plunge in net profit to $1.9 million for 1998. Turnover for the year ended Dec 31 fell 2.6 per cent to $121.8 million. Earnings per share dropped to 0.91 cent from 3.88 cents, and
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        • 81 16 (SINGAPORE] General Magnetics has made a net profit of SO million for the year ended Dec 31, up sharply from just $161,000 in 1997—thanks to a write-back of deferred tax and overprovision of tax totalling $910,000. Turnover dropped 10 per cent to $38.5 million.
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        • 78 16 [SINGAPORE] Zagro Asia yesterday reported a 33 per cent drop in net profit to $1.4 million for the year ended Dec 31. Turnover fell 16 per cent to $62.7 million. Earnings per share fell to 0.62 cent from 0.93 cent, while net tangible assets
          78 words
        • 39 16 IN our report "SBS earnings surge 79% to $39m, outpacing forecasts" yesterday, the dividend rate for 1998 in the accompanying table should be 12 per cent, not 7 per cent. We are sorry for the error.
          39 words
      • 637 16  -  Stockbroker may merge with another firm in S'pore By I Siow Li Sen [SINGAPORE] Stockbroker Kay Hian Holdings escaped the regional downturn relatively unscathed when it announced a net profit of $21.8 million for 1998. The firm also hinted that it may
        637 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 451 17  -  Technology-focused exchange aims for 5 listings by year-end, after April debut From. Diana Oon Abdullah in Kuala Lumpur THERE has been growing interest in the number of companies keen on a listing on Malaysia's technology-fo-cused stock exchange, the Malaysian Exchange of
        451 words
      • 273 17  -  By i Conrad Raj SINGAPORE Airlines' share price surged in the stock market yesterday following news that the national carrier is buying a 50 per cent stake in Australian carrier Ansett Holdings. Its Local tranche hit an 11month high of $8.30 in late
        Source: Bloomberg  -  273 words
      • 462 17  -  By: Marissa Chew [SINGAPORE] Building contractor Lian Beng Group intends to raise up to $18 million from its initial public offer next month to expand its machinery and equipment leasing business. Contribution from the company's machinery and equipment leasing division
        CHRIS LOH  -  462 words
      • 385 17  - Li Fung's offer for IMS won't close tomorrow, DBS says By\ Lee Han Shih [SINGAPORE] The offer by Li Fung for Inchcape Marketing Services (IMS) will not close tomorrow, March 26, and the closing date has yet to be decided. This was disclosed yesterday by DBS Bank, the financial adviser
        385 words
      • 248 17  -  From Ruth Wong in Kuala Lumpur POORER demand, thinner margins and higher financing charges forced Malaysia's Southern Steel Bhd, a 27 per cent associate of Nat Steel Ltd, to sink into the red for the first time in 10 years. Southern Steel
        248 words
    • COMPANIES
      • 331 18  -  It sees downturn bottoming in second half, says overseas businesses firm f-Yom' Quak Hiang Whai in Hongkong TELEVISION Broadcasts Ltd (TVB), Hongkong's leading local television station, yesterday said net profit fell 20 per cent last year but expressed much confidence for
        331 words
      • 225 18 Earnings hit by regional economic crisis: official Reuters [BEIJING) China International Trust and Investment Corp (Citic), the country's flagship investment vehicle, posted net profits of 2.28 billion yuan (*****.6 million) in 1998, the People's Daily said yesterday. The newspaper said the earnings were lower
        Reuters  -  225 words
      • 848 18  - What is Superman Li Ka-shing up to HK tycoon can't be amassing a war chest of HKslsb for nothing. QUAK HI AUG WHAI hopes to hear some clues today QUAK HIANG WHAI IT is said that for every dollar you spend in Hongkong, 5 cents goes to Li Ka-shing. So
        848 words
    • INTERNATIONAL COMPANIES
      • 646 19 Dow down 2.2% on worries over high valuations and corporate profits NYT, Bloomberg [NEW YORK] A broad sell-off sent US stock prices sharply lower on Tuesday as worries about high valuations and anxiety about corporate profits led investors to pare their holdings. Chances that
        NYT,; Bloomberg  -  646 words
      • 514 19 while NEC, Nippon Paints tie up with European companies Bloomberg, Reuters [TOKYO] It was the turn of Western computer companies yesterday to forge new alliances in Japan. US giants IBM and Microsoft both announced crossborder alliances to further penetrate potentially lucrative and the world's
        Bloomberg,; Reuters  -  514 words
    • FINANCE & COMMODITIES
      • 450 20 Deal with Royal Bank of Scotland will make US bank world's biggest global custodian FT [LONDON] Bank of New York is set to become the world's largest global custodian with assets of US$5.9 billion (5510.2 billion) after agreeing to buy
        FT  -  450 words
      • 346 20 Reuters [WASHINGTON] US banking regulators on Tuesday dropped a controversial proposal that would have required banks to monitor their customers more closely to try to spot illegal activities like money-laundering. The proposed "Know Your Customer" rules sparked a public outcry and
        Reuters  -  346 words
      • 404 20 They claim higher ROE to try thwart hostile double bid FT, Bloomberg [PARIS] Societe Generate and Paribas, the French banks fighting to save an agreed merger, yesterday raised the stakes in their battle with Banque Nationale de Paris (BNP) by claiming
        FT,; Bloomberg  -  404 words
      • SMALL Change
        • 69 20 Reuters [WASHINGTON] The US Federal Reserve said on Tuesday it would allow banks involved in mergers to delay the integration of their cheque-processing systems until after the changeover to the year 2000. An amendment of the Fed's Regulation CC will allow banks that consummate
          Reuters  -  69 words
        • 75 20 Bloomberg [NEW YORK] AT&T Corp's US$B billion (5513.8 billion) of bonds, the biggest corporate debt sale ever, attracted investors for reasons that go beyond potential returns. For starters, the size of the sale means the bonds will be liquid. They also stand to be included
          Bloomberg  -  75 words
        • 61 20 Bloomberg [NEW YORK] Bankers Trust Corp's top six executives will receive US$2O2 million over three years after the eighth-largest US bank is bought by Deutsche Bank. The biggest cheque will go to chairman and chief executive Prank Newman, who is set to get a
          Bloomberg  -  61 words
        • 68 20 Reuters [LONDON] Lloyd's of London said on Tuesday it made a preliminary pre-tax profit of £606 million (Ssl.7 billion) for its 1996 underwriting year, after members' personal expenses, down almost 50 per cent from £1.15 billion to 1995. The 1996 figure Lloyd's reports three years
          Reuters  -  68 words
      • 200 21  -  M Reports MSCT Singapore Index Bob Butcher, Jardine Fleming VARIOUS cross currents at work caused many investors to remain sidelined in the MSCI Singapore Index yesterday. The narrow range also worked to inhibit intra-day trading opportunities. The first cross current to put a damper on
        200 words
      • 187 21  -  MSCI Taiwan fatnres Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract for March and April 1999 eased 1.7 points yesterday in tandem with a 56.06-point drop in the Taiwan Weighted Price Index. Nasdaq's disappointing 73.10-point fall overnight reflected the lacklustre mood
        187 words
      • 300 21 ENERGY REPORT Reuters [LONDON] World oil prices rose yesterday as a fall in key US stocks reinforced bullish sentiment from Opec's formal deal to trim oil output. World benchmark Brent crude oil was edging toward US$l4 at
        Reuters  -  300 words
      • 315 21 Reuters, Bloomberg London DOLLAR bears inspired by drops in US equity prices entered the fray yesterday, but stopped short of declaring all-out war on the US unit as tensions in Yugoslavia escalated. analysts said. "Dollar losses today were triggered by weak US equity prices," said Gerard Lyons, chief
        Reuters,; Bloomberg  -  315 words
      • Article, Illustration
        1235 21 NT URBANE CROSS RATES Mar 24 A$ C$ »mb Euro Ffr Dm HK$ Ind to ttaplah Yen Won HI HBWIi tec S$ Rand Sfr NT$ Eafct Pvmh g Australia 0.%3 6.17$ 0.566 3.841 1145 4.947 27.068 56.545 0.751 7.808 2.426 Lt88 ***** 24.698 1.104 3.982 0.933 ***** 23.938 0.390 0.638
        1,235 words
      • 1809 21 SICOM FUTURES Mar 24 ROOKS (tatom dosing »«t 5.30paj KSS t CONTKACT(S ctobAq) Oom Vofcm* Opon M«fl> Hj Lot Sttt (to—t») hrtrtd Apr 99 102.75 190 May 99 103.50 775 JM 99 105.00 105.00 105.00 600 250 Jl4Sc» 99 107.75 600 Oct/Dac 99 110JO 525 JarilvOO T14.00 RSS 3 CONTRACT
        1,809 words
    • Article, Illustration
      1435 22 AFP Q Hang Seng -329.87 HONGKONG share price closed nearly 3.0 per cent lower yesterday, falling below the psychological 11,000-point resistance level on overnight losses on Wall Street and declines in Tokyo, dealers said. "The market has been dragged down by falls in Tokyo, and the movement on Wall
      AFP  -  1,435 words
    • Article, Illustration
      543 22 Reuters n Shenzhen B Index -OiQ SHENZHEN'S hard currency B shares ended down yesterday, and analysts said the market was making a brief correction as it took a breather from two days of strong gains. The B index sank 0.83 point, or 1.62 per cent, to 50.52 on turnover
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  543 words
    • 322 22 AFP □WP Index jM> TAIWAN share prices fell 0.8 per cent yesterday, depressed by sharp overnight losses on Wall Street, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index dropped 56.06 points to 6,889.42. "Sharp overnight losses in major overseas markets, including Wall Street and Japan, dampened market
      AFP  -  322 words
    • 2202 22 mm Industrials Bar 24 Cow* *h 31 Croup 6.16 -0.08 A B Foods 4 30 0.15 A B Ports 2.84 0.02 ABM Oomecq 4.53 -0.03 ABM Zurich 8.08 -0.06 Anglo American CoM 22.90 -0.51 ASOA Group 1.54 0.03 Bonk of Scotland 8.06 -0.1t Barclays 16.94 -0.44 Bass
      2,202 words
    • 1612 22 AFP □Nikkei 225 -SOlB3 SHARE prices in Tokyo slid 3.1 per cent yesterday on a late bout of profit-taking, brokers said. The Nikkei index of 225 leading issues lost 503.63 points to end at 15,515.47, losing 5.6 per cent since the start of this week. The market was closed
      AFP  -  1,612 words
    • KUALA LUMPUR STOCK MARKET
      • 8645 23 Consumer product! 1999 Last Vol Day Nat Cap High Law Company Sola 000 High Loo P/E Smll 310 255 Ajinomoto 265 unch 4 265 255 14.6 107.4 83 48 Angkasa 48 -7 30 54 48 70.8 283 220 Apollo Food Hlg 220 7.7 88.0 204 115 Beriaya Land 118 -3
        8,645 words
      • 435 23 AFP, AFX-Asia D Composite Index -8.91 MALAYSIAN share prices ended 1.8 per cent lower yesterday on broad-based selling, with the index dropping below the 500-point support level, dealers said. The KLSE Weighted Composite Index fell 8.91 points to end at 494.57, while the Second
        AFP,; AFX-Asia  -  435 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2034 24 BONOS, LOANS k WARRANTS M 52-Wk Last Wot Day Last Ouou Avg High Low Stno Company Sal* «-or- COOO) High Low Buyar Seller Prtca '8 3 s 3160 "Acer ******1 US$ 13 unch 10 13 13 12 5 13 35 4.5 s 3164 Acma ******4 17.5 -0.5 678 18.5 17.5
        2,034 words
      • 227 24  -  WARRANT WATCH -By R Sivanithy UlC's shares and warrants have been in play for the past couple of weeks, mainly as punters throw money at both counters in the hope that a takeover battle between UOB and Hongkong's HKR will send prices soaring. But,
        227 words
      • 229 24 HONGKONG STOCKS Of Or 52 w l-Mt Vol Day Last Ouot* C»v Ot« yid N« M Cap High Law Stno Company Sate COOP) High L— Buy* S—f Cw P/I 235 173 5123 CDU2000IHK 230 cd 230 240 8 2.4 IS n.8 ***** 5124 Cathay Pac 20c H«_720 cd
        229 words
    • Article, Illustration
      736 24 AFP n Composite Index -3.46 INDONESIAN share prices closed 0.9 per cent lower yesterday in line with weaker regional markets following a sharp overnight fall on Wall Street, dealers said. A dealer at a local brokerage said the market fell on profit-taking in large caps, including Telkom and cigarette
      AFP  -  736 words
    • Article, Illustration
      906 24 AFP P SET Index -£39 THAI shares fell 1.5 per cent at the close yesterday as investors took profits with little buying impetus in the wake of falls on Wall Street. Dealers said the market traded in thin volumes with low retail interest, reflecting poor sentiment around the region.
      AFP  -  906 words
    • 324 24 AFP Q Manila -18.43 PHILIPPINE share prices fell 0.9 per cent yesterday due to profit-taking after a two-day upturn, analysts said. The Philippine Stock Exchange Composite Index fell 18.43 points to close at 2,025.54 points. Turnover rose to 624 million shares worth 1.26 billion pesos from 334 million shares
      AFP  -  324 words
    • 412 24 AFP CI Composite Index -186 SOUTH Korean share prices ended barely lower yesterday with late retail bargain-hunt-ing partly offsetting early declines triggered by a fall on Wall Street, dealers said. The Korea Stock Exchange Composite Index closed down 2.86 points, or 0.47 per cent, at 611.48, off a low
      AFP  -  412 words
    • 661 24 AFP NAD Ordinaries -2L9 AUSTRALIAN share prices fell 0.7 per cent yesterday, giving the 3,000 points threshold a wide berth after Wall Street stocks fell sharply, brokers said. The All Ordinaries Index dropped 21.9 points to 2,965.7. The All Resources Index rose 7 points to 1,033.9 while the All
      AFP  -  661 words
    • 302 24 AFP n Wellington -3196 NEW Zealand shares fell 1.5 per cent yesterday on the back of an overnight lurch on Wall Street. The NZSE-40 Capital Index ended 32.98 points weaker at 2115.50. Local trading was active, with falls outdoing rises 78 to 20, but turnover was a light NZ$7l.4
      AFP  -  302 words
    • 6659 25 Or Or M Wt 52-Wk Last Vol Day List Ouot* Dlv Olv YM Net Cap Avg High Law StMfl Company Sale COOP) High Law Buyer Seller C'vr H P/E Jmll Price MULTHNDUSmY 142 17.5 m b 1000 Acma 50c 71 -0.5 56 72 71
      6,659 words
    • 1315 25 Cr Or M Wt 52-Wk Last Vai Day Lot Ouot. Mv Dtv YM Nat Cap Avg High Law StMo Company >«K C000) High Law Buyar Sa4f C'vr P/I >m8 Prtca 219 30 c 2049 AS Auto 10c 86 5 -2 1221 88 5 86 86.5 87 15 N 7
      1,315 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        358 26 Stocks VotMM JC-MPHWtOO 18,639,000 JC-MPH 11,515,000 KepTatLee Bk DBS WOO 10,805,000 Jaya Wt99 9,527,000 STEngglOc 9.201,000 EconWtOO 8,567,000 CMI Wt02 8,155,000 HesheWt99 7,877,000 UIC 6,414,000 SingTel 15c 4,895,000 Steda OCBC Foreign 55,983,758 DBS Foreign 47,870,312 OCBC 41,626,568 DBS 37,258,412 SJA Foreign 26,251.040 UOB Foreign 23,485,388 S1A 21,895,200 City Dev 50c
        358 words
      • 633 26  -  STOCK MARKET COMMENTARY No danger of major collapse as STI claws its way back after an opening plunge to end 10.5 pts down By R Sivanithy WITH WaU Street plunging the way it did on Tuesday and Japan and Hongkong suffering
        633 words
      • ON THE GRAPEVINE
        • 113 26 THE video-CD war in Malaysia has become hotter. The Asian Strategy and Leadership Institute last week launched a VCD-cum-multimedia kit on the achievements of Prime Minister Mahathir Mohamad in the last 17 years. The kit, which costs 60 Malaysian ringgit (5527.30), is entitled Mahathir: CEO
          113 words
        • 108 26 THE outbreak of the Japanese encephalitis virus in Malaysia has brought financial hardship to hundreds of families involved in the pig farming industry. But last Sunday, some 4-D punters managed to reap a windfall from the episode. The Sunday Star's March 21 front page reported
          108 words
        • 160 26 IT was a halt in the search for new accommodation which alerted journalists to the possibility that Anson Chan, Hongkong's Chief Secretary, may be asked to stay on beyond her retirement in January. Apparently, her husband Archie, a retired oil company executive, had been putting the
          160 words
      • Article, Illustration
        62 26  -  By Ven Sreenivasan CLOB-TRADED Tan Chong International has made a phenomenal recovery from its low ot 12 cents in August last year Of late, the rally has been fuelled by strong volumes. The technical charts show that it has a good chance of further gains, having found support
        62 words
  • Page 15 Advertisements
    • 50 15 ilb^H W^| ,^^^^^K^viatiol!(||H^Kj^^^^^^H Hnki^l^^H Daily fro Swifrzerland and Europe. Travel, they used to say, frees the mind. It still can. So relax. Think your thoughts. And leave everything else to us. jp^M Swissair. We care. swissairj/ 435 Orchard Road, *IXO4/f)sA)f> Wtsma Atria. Singapore 23HH77 M: 737 {<133 Fax 737 360H
      50 words


  • Page 17 Advertisements
    • 2345 17 TAncHonG International Tan Chong International Limited (Incorporated in Bermuda with limited liability) FINAL RESULTS FINAL DIVIDEND The Board of Directors of Tan Chong International Limited is pleased lo The Board of Directors recommend a final dividend of 2 cents per share on announce the follow ing results of the Group
      2,345 words

  • Page 18 Advertisements
    • 1851 18 KAY HIAN HOLDINGS LIMITED KaVHlill ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1998 7 The directors of Kay Hian Holdings Limited (the "Company") are pleased to announce the following results: GROUP COMPANY 1998 1997 1998 1997 $000 000 Change $000 $'000 Change 1(a) Turnover 78,568 133.382
      1,851 words

  • Page 19 Advertisements
    • 953 19 s Shangri-La hotel LIMITED SINGAPORE 1998 FINANCIAL HIGHLIGHTS DIVIDEND ANNOUNCEMENT f Year Ended 31 December 1998 1997 Variance Ss'ooo SS'OOO Turnover 92,217 139,328 (33.8) Operating (loss)/profit (9,778) 26,337 (137.1) Share of losses of associated companies (8,677) (4,092) (112.0) Net (loss)/profit before taxation and minority interests (18,455) 22,245 (183.0) Minority interests
      953 words
    • 833 19 A THE MITSUBISHI TRUST AND BANKING CORPORATION tit (INCORPORATED IN JAPAN WITH LIMITED LIABILITY) NONCONSOLIDATED BALANCE STATEMENTS OF TRUST ASSETS SHEETS AND LIABILITIES As at March 31,1998 and 1997 As at March 31,1998 and 1997 Million* of Yen Millions of Yen 1988 1997 1998 1997 Assets Assets Cash and Due
      833 words

  • Page 20 Advertisements
    • 1599 20 ifik PERMASTEELISA PACIFIC HOLDINGS LTD (Incorporated in Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 17 Tuas Avenue 3, Singapore *****4 on 14 April 1999, at 9.30 a.m. to transact the following business:AS ORDINARY
      1,599 words



  • Page 23 Advertisements
    • 36 23 Classified First. Want to get a laptop? Q r s m ply g e i computer savvy? Log on to the Check The Straits Times Classified First. •j-v-v-V i CATS. Buy It Sell It Find H
      36 words

  • Page 24 Advertisements
    • 41 24 /Th s ad r r Tr e Ci m f' d j f J Janice surprise^ bouquet of flowers ;s m ss The Straits limes Classified is child's play. I c a C.A.T.S. at 1800-737-1166. Buy h. S«fl k. Find k.
      41 words

  • Page 25 Advertisements
    • 27 25 iSKik. \:Wgffik- gk Audemars iguet Le maitre de I'horlogerie depuis 1875 Who is behind an Audemars Piguet watch? Showroom ft PIGUET Kaffirs Singapore Pfytitia Wat<4l C pnfw>
      27 words

  • Page 26 Advertisements
    • 1415 26 What investments are people talking about? our forum at httpy/ www.dbs.com.sg/iol/bbs/ 88 [IBS BANK THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES W f 3 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 SOLVAY ANIMAL HEALTH PTE OD NOTICE OF SnCIAL KESOUmONS NOTICE IS
      1,415 words
    • 295 26 IN THE MATTER Of THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER Of (I) BASE MINERALS fS) PTE LTD (II) SUPREME DIESEL SERVICES PTE LTD (III) AIK SIONG TRADING PRIVATE LIMITED (IV) M 2 INTERNATIONAL PTE LTD (V) DOLLARS RESTAURANT PTE LTD (VI) VECTOR INTERNATIONAL RESEARCH PTE LTD (IN
      295 words
    • 405 26 In The Matter of The Companies Act. Cap SO And In The Matter of STEADY INVESTMENTS rTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at Room 203 New East Ocean Centre. 9 Science
      405 words

  • SHIPPING TIMES
    • 328 27 Bridge News Reuters TRADING continues to be lacklustre in most areas of the market, brokers said. The Pacific Panamax market is slipping and optimism for firmer rates in the Atlantic is fading. TANKERS: There was a steady flow of activity across the tanker market but there was little
      Bridge News; Reuters  -  328 words
    • 293 27 m hi f« 1 IMr 24 S$ W CWT Dtstr tout Ion 0.53 unch 10 Chuan Hup -0.61 unch 84 Cotco Invastmant 0.49 0.01 14 FraMrt links o.t7 unch 312 OS Holding* 0J9 OjOI 19 Hal Sun Hup 0.48 -OXn 127 IMC HoMn«s-HK —540 unch 0 Jaya Holdings
      293 words
    • 505 27  -  It has appointed a deputy commissioner of maritime affairs based in Singapore By Felix Chan [SINGAPORE] The Republic of Vanuatu is stepping up efforts to attract more shipowners to its registry with the recent appointment of a deputy commissioner of maritime affairs
      505 words
    • 207 27 Bloomberg [LONDON] Peninsular and Oriental Steam Navigation Co, a UK-based freight shipping, cruise and ferry operator, indicated that secondhalf 1998 profit fell 30 per cent, as declines in Asia hurt its container shipping unit. Second-half net income, calculated by subtracting the first-half figure from that
      Bloomberg  -  207 words
    • 704 27  -  By\ David Hughes WO quite spectacular multiple dominate the new or- ders list. The cruise ship order for Ingalls is probably the bigHH gest attention grabber. After all, it is a long time since a US yard has built an ocean-going passenger ship. Ingalls has not
      704 words
    • 314 27  -  By Felix Chan [SINGAPORE] Japan s K Line will boost its intra-Asian service through a slot charter arrangement with Japanese operator TSK Line. The arrangement, which begins in April, will boost the carriers' intra-Asia service on their double-loop services connecting
      314 words
    • 269 27 Los Angeles Times [LOS ANGELES] Royal Caribbean Cruises pleaded guilty in federal court to three felony charges of making false statements to the Coast Guard about the discharge of oily waste water at sea. The Miami-based cruise line, one of the
      Los Angeles Times  -  269 words
    • 833 28  -  10 YEARS AFTER EXXON VAXaDEZ SPILL Wildlife and residents of Alaska area affected by infamous oil spill are still struggling to recover By Karen Lowe AFP in Anchorage, Alaska TEN years after the infamous Exxon Valdez tanker slammed into an Alaskan reef and caused one of
      AFP; FILE PHOTO  -  833 words
    • 218 28 PAGE ECU Line 6 ACl 6 ECL 5 ANL 3 Ewrqrew 6 Accord 8 Fooo fl Sun 8 Appenship 5 G Unfc Austral 8 &fmartrafls 8 Balaji Shpq 4 Hangh 7 BSA 7 Hinjin 3 8 tanq Mas 8 HeUW, A 4 CCNI 7 8 ,CFS 3
      218 words
    • 16101 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vnul Voyaga Talapftona ETA ETA Advartlsar Vttu< Voyaga Talaphona SIN Dast'n Nam* Nam* Numbar Numbar Sin Dast'n Kama Nan* tfcmtoar Numear MHMHHMMMMMMHKMMMMMMMMMNMMMMHNMMMMMMIRNMMI MHHHMMnRRMMHNMMMMBMMMNMMMHMMaaMMaHHMMHaMHMHMi 02/04 Q/04 Eyargraan KAMA BHUM 431 65 1921m To ABIDJAN (ABJ) 2003 Cot* D'lvolre 02/04 mam anl apl emerald
      16,101 words
    • SHIPS IN PORT
      • 808 39 Vessel Voy No Berth Arrival Departure •taraag Pert 94/99 J17 alongside 29.03/1200 Muhcin 033 JU Alongside 2503/1200 Bharatemki 59H J04 alongside 24.03/1500 «C4t» inora *****9 JOI alongside 24 03/2200 Ownond *****9 J01 alongside 24 03/1800 91 *****9 JOI alongside 24.03/1300 Bt Kota Jaya *****9 JOI alongside 24 03/1700
        808 words
      • 1852 39 RECEIVING OF EXPORT FCL CONTAINERS ANO LCL CARGO Boofclnq/B«l«nce Rstis Ship Voy No Etb/Btr Period From T* From »CI M«gnohi 0086 26/0700 U 24/1500 24/1659 24/1900 II 24/1500 24/1659 24/1900 2* 24/1700 25/0659 25/0900 21 24/1700 25/0*59 2V0900 J 25/0700 25/1159 25/1400 4 25/1200 25/1459 25/1700 MJ MM
        1,852 words
      • 215 39 Mar 20 Greece: Independence Day. Mar 28 Brunei: Hari Raya Haji. Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 29 Taiwan: Youth Day. Apr 1 Denmark: Maundy Thursday. Mexico: Maundy Thursday (optional). Apr 2 Mexico: Good Friday (optional). Germany: Good Friday. Finland: Good
        215 words
      • 763 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        763 words
      • 478 39 Carbon 180 Mix 996.1 3.4 18.6 0.09 59 0.07 MwW Density Water Residue Ask Aluminium Sediment No abow E25 2 1 M 0 0 0 380 Aw 984.9 0.3 13.2 0.06 35 0.02 tiiwi 380 M«x 994.2 11 18.9 0.11 250 0.06 %»/V »M/M mi mM*
        478 words
    • AIR & LAND TRANSPORT NEWS
      • 600 40 US planemaker taking a good hard look at operations in its search for improved bottom line Reuters [PARIS] US aerospace group Boeing Co reiterated on Tuesday it would reach a net profit margin of 3 per cent this year and next as
        Reuters; FILE PHOTO  -  600 words
      • 298 40 Reuters [NEW DELHI] India is working on an integrated transport policy to knit together its rail, road, air and waterways networks. "It is necessary to formulate an integrated transport policy to ensure adequate, efficient and high quality of transport infrastructure and
        Reuters; FILE PHOTO  -  298 words
      • 172 40 [HONGKONG] The Aviation Industries of China (Avic) is undergoing a major restructuring and will be spilt into two groups In the near fliture, the China Daily reported, citing Yang Jiming, vice-direc-tor of the aero engine bureau of Avic. Speaking at a seminar
        172 words
      • 359 40 Reuters [SHENZHEN] China's Shenzhen Airport Co Ltd posted strong profit growth on Tuesday and attributed it to costconscious travellers from neighbouring Hongkong. Shenzhen Airport's net earnings grew to 124.95 million yuan (5525.98 million) last year from 97.72 million yuan in 1997, said a company
        Reuters  -  359 words
      • 344 40 Carrier expects fewer Russians to travel abroad Bloomberg [MOSCOW! Aeroflot, Russia's national airline, said it will reduce the number of international flights per week this summer by about 10 per cent, because fewer Russians are able to afford holidays abroad. The cuts will be made
        Bloomberg  -  344 words
      • 88 40 [CALAIS, France] A Le Shuttle train travelling along the Channel Tunnel. The Channel Tunnel was named the top construction achievement of the 20th century in a construction industry survey on Tuesday, beating such projects as the Golden Gate Bridge in San Francisco, the Aswan High
        REUTERS  -  88 words
      • 253 40 Bloomberg [FOßT WORTH] AMR Corp, parent of American Airlines, and its pilots union met for a third day of federally mediated talks on ways to integrate low-fare carrier Reno Air Inc, which the No 2 US airline bought last year. AMR and the Allied
        Bloomberg  -  253 words
      • 1769 40 err might en fught no on two N***** 2359 AMaMa 8A7381 19JO BA7382 2050 S***** 2359 OfBI 19» Qf82 2050 ratwaU SOW tre S0990 OOP Guanjrtoa P*C SO803 t915 C2352 0835 C73S3 2035 SOKM WB S023 0M5 M972 0040 jg nI3 m H»t Y«l TG407 1545 TG408 K45 MW WW5
        1,769 words
  • Page 27 Advertisements
    • 26 27 Decade after Exxon spill, recovery still eludes Alaska Wildlife and residents of Alaska area affected by infamous oil spill are still struggling to recover. Page 2
      26 words
    • 169 27 Boeing sees slight gains in quest for profits US planemaker taking a good hard look at operations in its search for improved bottom line. Back Page SPECIAL FEATURE. AIR RA I L SHIPPING TIMES •14 APRIL 1999 KEEP YDLR BUSINKS^ In conjunction with Inter Airport Asia and Exporail Asia 99,
      169 words

  • Page 28 Advertisements
    • 190 28 y Keep in Touch www.nykline.com 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 SENLIM AGENCIES PTE. LTD 133, New Bridge Road, *06-09, Chinatown Point A S pore *****3. Tet *****00 fIHMH
      190 words
    • 831 28 Lines services represented PwoV"l by Members the Registry of Accredited Shipping Agents V°m*2/ Singapore Shipping Association JUbk ft Members of the WjTl Singapore Freight Forwarders Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES JJ. SINGAPORE to BATAM, BINTAN, KARIMUN -te 'X SINGAPORE to BANGKA ISLAND |i|ii SINGAPORE to CILEGON SAMARINDA/BAUKPAPAN/BANJARMASIN
      831 words

  • Page 29 Advertisements
    • 1225 29 SAX SERVICE (DIRECT) VISSfI. VOY SIN ETA LAX OAK OA! HOU (H fIX e «1 HT( AWTOURMAUNI 0241 24/03 08/04 13/04 13/04 14/04 13/04 14/04 14/03 IS/03 "ls/03 AftlAK 0101 31/03 15/04 27/04 27/04 2S/04 27/04 28/04 28/04 29/04 29/04 AW GASKET 0101 07/04 22/04 27/04 28/04 28/04 27/04 28/04
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    • 2431 29 CastMM Wmi Htfßn: I.H*«yl« -S4n *****25 00 HANJIN SHIPPING !=§Lj&-1 iMsMy«lw -SAs 37(0730 HANJIN SHIPPING (S) PTE LTD hn» toy, <■■» BOOKING *****3S 737 SALES 37W774 731 OOCUMHT 32*0271 2/4 OWjUgK *****50 7SI WAIN LIWI *****5S (U 77WM CI WO **********0 M TO NW USA CANADA USA CANADA* KM VSL/VOY
      2,431 words

  • Page 30 Advertisements
    • 1680 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANS ANAPA vtsstL vor sm ieh htm <uw ham bbv fu vtssti vm m err m fos vie mth MMUMMUM *0915 2t 03 17 04 lIM ISO 4 1104 10 04 LONOON SENATOR WM9IS 25 03 11 04 13 04 IS 04 17 04 25
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    • 1073 30 m. AM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I I\~/\ J ORNOi **********08 SfflU: (084)*****9 MANILA: (632)*****24 1W PENANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCHING (082) *****1-3 CALCUnA MADRAS MV
      1,073 words
    • 565 30 LINE ST nit *****54 PAXt *****13 MUARA j LABUAN 1 vessel vor etc eta vissa vor no eta won muara srou iw OUUKAM332 VOU/99 SdU SdM CARAJIA JN337 VOOI/W SdU SdU j nova vo«/w a/03 31/03 1 nova you/99 a/03 01/04 CABAKA JN332 VO7I/W 31/03 03/04 CAJUKA JN33J VO7I/W 31/03
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  • Page 31 Advertisements
    • 1294 31 [vessel voy sin pko pen pqs dub dam shj Iba I BIK I IRAN LORESTAN PJLI33B 22/03 31/03 01/04 02/04 04/04 06/04 IRAN TABATABAEI PJLI339 29/03 07/04 00/04 09/04 11/04 13/04 IRAN TEYFOURI PJLI34O 08/04 14/04 15/04 16/04 18/04 20/04 IRANVAHDAT PJLI329 12/04 21/04 22/04 23/04 25/04 27/04 IRAN BAAKERI
      1,294 words
    • 2433 31 "Twi<« W««kly Sailing ffo 1 Europe Main Ports I Iwry Monday and Saturday" J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OFFICE: I COSTAR SHIPPING PTE LTD #17-OSDIS»IDG SALES/BKGS 420sss7/60 INWARD DEPT (O/O) *****8S COSTAR AGENCIES (M) SDN BHD ICR NO:
      2,433 words

  • Page 32 Advertisements
    • 1437 32 EUROPEAJK/SCAHDINAVIA/FIHLAND/WUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E. DELUXE RW-OQ7 27/03 14/04 20/04 16/04 18/04 19/04 20/04 E ROYAL RE 036 25/02 27/02 26/02 28/02 02/03 2S/03 26/03 E DELIGHT RW-007 03AM 23/04 21AM 24/04 26/04 27/04 23/04 E RACER RE-026 04/03
      1,437 words
    • 1029 32 ADVANCE CONTAINER LINES (PTE) LTD tX I I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****2128 OPERATIONS: *****6<V *****05 CR NO **********0E BANGKOK 7 hiMHimm JAKARTA •(T Siimm^rt) Vtssa VOY I SIN I BKK VESSEL VOY SIN JKT KOTA RAIMA (PAT/ICH)
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    • 472 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRKA VlSStl vor SIM MU PUR JNB CFT K) WUUIVBWS VO33S 04/04 12/04 16/04 19/04 ~20/M~ 23/04 GOIDtN DRAGON VOIIS 15/04 24/04 28/04 "li/oTw/QS NANttIQUEEN VO34S 26/04 04/05 M/QS 11/05 12/05 14/05 HANUIDRAGON V.013S 05/05 14/05 li/OS 21/05 22/05 mffll VENUS VO34S
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  • Page 33 Advertisements
    • 489 33 JBSA^ Wm MYANMA pBBk FIVE STAR LINE W (Myanmar National Line) v Loading for Yangon (Rangoon) VESSEI VOY SIN PKI PEN PGU MERGUI VI SI SIO CHIN SHWf HAW V22W SIO MALAYSIA ACENTS: lOUSTEAD SHIPPING AGENCIES KUL HI (03) *****00 PKL TEI (03)*****01 PEN: TO (04) *****02 PGU: TO (07)
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    • 1305 33 HMM== HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa vor Isw sou I im I btm I ant ham bbv hi [vessel voy| sou I lb< |am ant I hai I—v I Falsa FUI 552W 2S/03 12/04 17/04 14/04 15/04 MNUK S43E 01/03 06/03 03/03 04/03 2S/03 NOIRIS 008W 26/03 16/04 17/04
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    • 1096 33 a, norwegon ipeaakzed auKxomen V*. r (t®®3® Wilhelmsen Lines TO NORTH AND LATIN AMERICA "*ORO HEAVYLIFT SERVICE" VESSEL VOY RAMP MKOT SIN LAX CRI M SAV lAI I OOF NYC I NEW I MOB taronga F907 4001«h Om~ Inpost 22/ m 01/05 0470T w76T 087oT m7oT 7f7ST 7576r *****" TAIKO
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  • Page 34 Advertisements
    • 655 34 BANGKOK/ MAP TA PHUT/ LAEM CHABANOj JAKARTA/PAN JA NO vessel voy sin bkk mtp lch vessel voy sin jkt pjn YANTWA BHUM 283N In Pt 28/03 27/03 GURU BHUM ***** In Pt 28/03 MATHU BHUM 408N 27/03 31/03 30/03 AKA BHUM 338S 27/03 31/03 XETHA BHUM" 276N 28/03 31/03 01/04
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    • 543 34 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE va Ivor I 5 »i"| fßi wt hip wa hm m nil AWivqrr us »/M >4/04 w/04 n/»415/04 ii/»4 AWmaALD Its )I/K 03/04 14/04 16/14 It/04 75/04 KASUGAI lIS W/0410/04 11/04 13/04 14/04 W/04 Oi/Oi MOMDIHSIAW |I7S IS/04 17/04 a/04 30/04 01/0S
      543 words
    • 888 34 VESSELS VOY SW I PKL I JED MLA LEH RTM HAM ZEE SOT VILLE 06 SHANGHAI H3OW 30/03 31/03 08/04 14AM 20/04 21/04 23/04 25/04 26AX VU-E D'OfUON Y3OW 06/04 07/04 15AM 20/04 2fro4 Z7/04 2MH 30AM 01/05 VILLE PE MIMOSA V3IW 13/04 14AM 22AM 27/04 03/05 04/05 07/06 06*06
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  • Page 35 Advertisements
    • 53 35 STEj£"b Dial 740-6000 on d€mancn (Retrieve more schedules!) Press "V I ~—Jp\ Select the port and key in I the four digit code eg: To New York (NYC) 2275 Key in your fax number J 1 Enter your phone number JBMgk Another innovative service offered by he document will be
      53 words


  • Page 37 Advertisements
    • 51 37 ST^n Dial 740-6000 Oil Q€m3flQ —(Retrieve more schedules!) Press "1" Select the port and key in TtJ the f° ur digit code -—eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by 1 he document will be SHIPPING TIMES jessuss.
      51 words

  • Page 38 Advertisements
    • 149 38 A FREE Reader Enquiry Service cut out and FclX to I 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product
      149 words

  • Page 39 Miscellaneous
    • 126 39 WtKEZH £11E ESUEMttM LEGEND: R Thunderstorm Temperoture o^ "7 Show«r Weother Wind direction with soeed m knots Roin Cloudy Sky Wove height Surroce winds ore indicoted by arrows which fly with the wind (z> On. f* circle represents coin, or light ond vor.obie ..d, i_ One holt fleche represents 5
      126 words