The Business Times, 22 April 1999

Total Pages: 37
2 38 The Business Times
  • ASIA ON THE MEND
    • 557 2  -  Noble tops with 61% surge; pnnters leap onto cheap shares to ride market rally Wong Wei Kong PENNY stocks enjoyed another rip-roaring session, as traders and retail punters latched on cheap shares to ride on the market rally. The 10 stocks with
      557 words
    • 496 2  -  RETAIL Mixed reviews for Robinsons from neutral to outperform By\ Rahita Elias COURTS (Singapore) Ltd, which is expected to benefit more immediately from a sooner-than-expected economic recovery, has emerged as the analysts' clear favourite among retail stocks. While analysts
      496 words
    • 404 2  -  electronics By, Jennifer Lien ELECTRONICS stocks rebounded with a vengeance yesterday as investors rushed to regain lost ground following Tuesday's correction. The SES Electronics Index surged to 108 in the early minutes of trading and closed 6.15 points, or 6 per
      Source: Bloomberg  -  404 words
    • 381 2  -  BAimiO By Siow Li Sen ANALYSTS are still calling a buy on bank stocks despite the recent run-up which has taken most of them to fair value target prices. Leading the pack is DBS Bank, according to Barra's The Estimate Directory.
      381 words
    • 323 2  -  SHIPPING By Felix Chan SHIPPING counters edged higher yesterday as penny stocks and laggards were again the flavour of the day following a brief spell of prof-it-taking on Tuesday. Samudera Shipping Line, Neptune Orient Lines, Hai Sun Hup and Osprey Maritime were among the
      323 words
    • 480 2  -  PROPERTY How they move on how data matches sentiment By] David Boey THERE'S still money to be made from property stocks, but investors who want to make a punt on these counters should be prepared to ride out volatile prices in the short-term,
      Source: Bloomberg  -  480 words
    • Article, Illustration
      231 2 A succinct sectoral analysis LED by CityDev, DBS Land and Keppel Land, the SES Property Index has soared to levels not seen since October 1997. Investors will be watching next week's release of firstquarter figures by URA and HDB for fresh data to support the popular belief that
      231 words
    • 289 4 Reuters [PHNOM PENH] There are signs Asia is beginning to recover, but buoyant regional markets were perhaps being overexuberant about shortterm prospects, the chairman of Standard Chartered pic said yesterday. Patrick Gillam, visiting Cambodia for the formal opening of Standard Chartered's retail branch in the
      Reuters  -  289 words
    • 621 4  -  Many point to possible sell-off as market is now over-valued From Quak Hiang Whai in Hongkong WITH the Hongkong bourse having almost doubled in value from last year's market lows, doubts are increasingly being raised about the sustainability of the current rally,
      AFP  -  621 words
    • 670 4  -  Bonds to be in three forms: indexed, variable and fixed FYom Shoeb Kagda in Jakarta INDONESIA'S efforts to revamp its crippled banking sector took another decisive step forward with the announcement yesterday of a bond issue to recapitalise nine
      670 words
    • 326 4 Continued from Pg 1 The high risk premium was partly due to S&P and Moody's downgrading of Malaysia's rating to a shade above junk status on the eve of the country's planned road show to raise US$2 billion (S$3.4 billion) last July. Malaysia then
      326 words
    • 174 4 Bloomberg [JAKARTA] Indonesia's PT Danareksa, a state-owned investment bank, will settle about US$43B million (***** million) in debt by extending the life of some and buying some of it at half-price, a company official said. Under an agreement, most of the bank's foreign creditors, who
      Bloomberg  -  174 words
    • 307 4 It expects growth at 1% this year and KLCI to hit 700 Reuters [KUALA LUMPUR] International investment bank Salomon Smith Barney, which is the Malaysian government's financial adviser, said Malaysia's economy was on target to achieve stability in 1999. In a report dated April 19
      Reuters  -  307 words
    • 627 4  -  IMF move could undermine confidence: analysts From Anthony Rowley in Tokyo JAPANESE Prime Minister Keizo Obuchi yesterday condemned as "harsh" the International Monetary Fund's sharp downgrading of Japan's economic prospects in 1999, and questioned the basis on which the forecast contraction in output
      627 words
    • 408 4 Reuters [HONGKONG] Improvements to Hongkong's currency board system will discourage speculators from using the recent rise in the stock market as a chance to attack the local currency as they did in 1998, bank executives said on Tuesday. "I don't think
      Reuters  -  408 words

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  • SINGAPORE AT HOME & ABROAD
    • 525 5  -  It cites brand name, extensive branch network, capability in terms of working ont different plans By I Siow Li Sen PROVING that size does matter, DBS Bank has had no trouble maintaining its pole position as leader of the mortgage
      FILE PHOTO  -  525 words
    • 506 5  -  MAXLBAG Tan Chin Hwee Singapore THE recent efforts to provide the Singapore dollar (SGD) bond market the much needed impetus are laudable. Similar to developed financial markets in the West, the local debt market should provide a new source of funds for corporates
      506 words
    • 300 5  -  Leong Sing Chiong Asst Director (Corporate Communications) Planning, Policy and Communications Division Monetary Authority of Singapore WE refer to the letter from Wayne Lim Wei Yuen (BT, Feb 20), in which he called for the MAS to review the credit card guidelines to
      300 words
    • 100 5  -  Mandy Yeo via Internet Singapore I REFER to your report "Redas: govt can consider land sales next year" (BT, April 21) which quoted Daniel Teo as saying that "property prices have risen 15-20 per cent from the trough in Sep-Oct". As the property market is basically
      100 words
    • 435 5  -  Question is whether current pick-up can be sustained By\ Marissa Chew, Corinne Kerk PROPERTY players were yesterday divided over Real Estate Developers' Association of Singapore (Redas) president Daniel Teo's position that the government could consider resuming land sales next year. On one side were
      435 words
    • 338 5 SALES at freehold projects in the exclusive Walshe Road area are slowly picking up but prices remain a far cry from those at the initial launch. The Far East Organisation's 56-unit Gardenville is now 60 per cent sold, although going by the Singapore Institute of
      338 words
    • 453 6 Point developing into key issue as two groups jockey for seats in Saturday's ICPAS election AHEAD of key council elections this weekend, small accounting firms are jockeying to ensure that they are not disadvantaged against the "Big 5" in the profession. This
      453 words
    • 304 6  -  EYE ON THE ECONOMY Growth forecast By\ Eugene Low SINGAPORE'S manufacturing sector will grow 4.2 per cent this year on the back of an upturn in electronics exports, says JM Sassoon. But the rebound "will not be at the torrid pace of past recoveries as some
      304 words
    • 554 6  -  Sector also seeing structural change with development of media specialists By 1 Toh Han Shih THE sluggish economy is hurting Singapore's advertising industry and causing it to change, industry players say. Advertising spending in Singapore will drop 6 per cent this year, said
      554 words
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  • REGION
    • 446 7 JAKARTA Billon revenue-sharing between central and regional govts now being debated Reuters INDONESIA'S Parliament passed a bill yesterday giving its provinces more autonomy, part of an effort to ease simmering regional tensions which threaten to break up the diverse nation. Home Affairs Minister Syarwan
      Reuters  -  446 words
    • 47 7 [SEREMBAN] A stray dog eating some abandoned food at a roadside yesterday in Negeri Sembilan state, 70 km from Kuala Lumpur. The Malaysian government has decided to kill stray dogs after two dogs tested positive for the mysterious Nipah virus. AFP
      AFP  -  47 words
    • 195 7 MJAKARTA AFP JAKARTA governor Sutiyoso has appealed to the capital's residents not to flee abroad for fear of violence here ahead of planned elections on June 7, reports said yesterday. "We hope people won't leave the country. Such an act would reflect
      AFP  -  195 words
    • 98 7 KUALA LUMPUR Bernama PRIME Minister Mahathir Mohamad is expected to table the mid-term review of the seventh Malaysia plan (1996-2000) in Parliament today, according to a senior officer of the Economic Planning Unit (EPU). The officer hinted this yesterday during a special briefing
      Bernama  -  98 words
    • 397 7  -  Firms warned about anti-avoidance provision From Ruth Wong in Kuala Lumpur THE tax waiver on profits made for the financial year ending 1999 presents an opportunity for Malaysian firms to carry out tax planning but accounting firm Ernst Young Malaysia warns it must be done
      397 words
    • 278 7 SYDNEY AFP INDONESIA'S President B J Habibie has vowed to visiting Australian editors that he is ready to grant independence to East Timor and wants five nations to oversee a UN-bal-lot to decide its future. Australian Prime Minister John Howard said yesterday that Dr
      AFP  -  278 words
    • 330 7 KUALA LUMPUR Reuters A MALAYSIAN judge will ask the government next week whether it plans to pursue a sodomy indictment against jailed former finance minister Anwar Ibrahim, lawyers said yesterday. Anwar was convicted last week on four counts of corruption and
      Reuters; AFP  -  330 words
    • 380 8 SYDNEY AFP FRAUD is rife in Australian business, costing more than Asl.3 billion (551.44 billion) in the past two years, a private sector survey of some of the country's largest organisations showed yesterday. Many companies expect it to increase still further. The average
      AFP  -  380 words
    • 683 8  -  BOMOKOICO LAND AUCTION Analysts, developers fear impact on HK's future as regional business centre Fronv Quak Hiang Whai in Hongkong HONGKONG greeted the strong results at the government's first land auction in a year with cautious optimism, with many market
      REUTERS  -  683 words
    • 610 8 GOVERNMENT Of CRISIS A new govt in two days, says Congress chief after meeting the president AFP [NEW DELHI] Indian opposition leader Sonia Gandhi told President K R Narayanan yesterday that her Congress party would be ready to form a
      AFP; APT  -  610 words
    • 324 8 NEW DELHI AFP INDIA'S parliament was forced to postpone passage of the national budget yesterday after pro-government MPs created an uproar in the lower house. The speaker adjourned parliament until today, sparking fresh fears about the fate of the budget which, under
      AFP  -  324 words
    • 260 8 GUANGZHOU But they have little hepe of getting money bach in foil AFP CREDITORS yesterday sought a combined US$4l2 million (*****.8 million) from two subsidiaries of Guangdong International Trust and Investment Corp (Gitic), the first Chinese financial institution to go bankrupt. But they conceded they
      AFP  -  260 words
    • 437 8 TOKYO Fiscal year surplus climbs as imports slump 11.5% Bloomberg JAPAN recorded its biggest fiscal-year trade surplus in 12 years, with imports falling 11.5 per cent, as new public works failed to spark consumer demand and corporate investment at home. The surplus
      Bloomberg  -  437 words
    • 488 8 SEOUL Subway workers who started strikes hide to avoid arrest AFP SCIENTISTS yesterday joined subway and shipyard workers in a rolling strike in protest against mass layoffs in South Korea as thousands of others marched through the Seoul, witnesses said. Police failed to
      AFP  -  488 words
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  • THE WORLD
    • 238 9 WASHINGTON Bloomberg THE World Bank will establish a US$2 billion (553.4 billion) programme to back bonds sold by governments of emerging markets, signaling a new approach by the lender to helping the countries regain investor confidence. The bank's board voted to approve
      Bloomberg  -  238 words
    • 122 9 WASHINGTON AFP US intelligence officials have concluded that China did in fact steal design information related to America's most advanced nuclear warhead, the New York Times reported yesterday. The paper cited a "comprehensive new analysis" from intelligence officials which was to be presented to
      AFP  -  122 words
    • 448 9 NEW YORK Q1 growth forecast cnt to 3% on news of wider-than-expected trade deficit Reuters WALL Street firms sharply dropped their estimates of US gross domestic product (GDP) growth on Tuesday after a shocking surge in the nation's trade deficit suggested
      Reuters  -  448 words
    • 396 9 WASHINGTON Trade imbalances could destabilise world economy: IMF AFP PRESIDENT Bill Clinton on Tuesday warned that the global economy still faced major risks and outlined a six-point programme he said could help prevent future financial turmoil. The plan calls for
      AFP  -  396 words
    • 484 9 THE KOSOVO CRISIS Reuters [BRUSSELS] Nato warplanes blasted President Slobodan Milosevic's party headquarters in Belgrade yesterday, insisting the building was at the heart of the Yugoslav "propaganda machine". Nato said that as the air war went into its second month,
      Reuters; REUTERS  -  484 words
    • 485 9 FRANKFURT Contradictory talk on rate policy hurts euro, say analysts Reuters THE European Central Bank is confusing financial markets with plain, but conflicting, statements that are contributing to the euro's fall and damaging the bank's credibility, market watchers say. In the last two
      Reuters; FILE PHOTOS  -  485 words
    • 455 9 LONDON Reuters BRITISH average earnings growth surged to an annual rate of 4.6 per cent in the three months to February, suggesting inflationary pressures are far from dead. The rise in average earnings, particularly an upward revision of January's rate to 4.5
      Reuters  -  455 words
    • WORLD Watch
      • 75 9 Reuters [WASHINGTON] Countries that intervene heavily in markets to support a pegged value for their currency should not be given large-scale official loans, Treasury Secretary Robert Rubin said yesterday. In an address to Johns Hopkins University in advance of upcoming semi-annual International Monetary Fund
        Reuters  -  75 words
      • 122 9 Bloomberg [LONDON] British Prime Minister Tony Blair renewed his threat to block European Union proposals for a withholding tax on interest income if it threatens London's financial markets. "We will not hesitate to use our veto if it is necessary," Mr Blair
        Bloomberg  -  122 words
      • 60 9 Reuters [LITTLETON, Colorado] Bomb squads combed a high school here yesterday for booby-trap explosives left by two heavily-armed teenagers who went on a bloody rampage, killing 15 people including themselves. Police said the youths, dressed in black trench coats and ski masks, sprayed gunfire
        Reuters  -  60 words

  • EDITORIAL & OPINION
    • 723 10  -  THE BOTTOM LDTB OPINION By Siow Li Sen The writer is a BT correspondent THE recent decision by the Singapore International Monetary Exchange (Simex) to align itself with the Chicago Mercantile Exchange (CME) and the French Matif is in tune with a
      723 words
    • 154 10 'I hear the IMF report is the work of its officials and not the opinion of member nations. But you could say it's harsh. I would like to study what figures they used to calculate (the forecast).' Ketao Obochi Japanese prime minister, criticising the International Monetary Fund's
      154 words
    • 618 10 EDITORIAL AFTER enduring a daily dose of bad news for more than eight months, stock market players in Jakarta are suddenly upbeat about the prospects for Indonesia's economy in the months ahead. Just three months ago, the mood was downcast. Most observers lamented the absence of any
      618 words
    • 869 10  -  Hot Internet stocks are a symbol of the unwarranted euphoria over US economy By\ Robert Samuelson Washington Post Writers Group THESTREET.COM a hot Internet company is a small symbol of a large psychological journey that Americans have made on the economy. Until a
      Washington Post Writers Group; FILE PHOTO  -  869 words
    • 1032 10 Smmlmb defies rule of law THE Shenzhen city authorities are doing China a real disservice by defying the courts in the case of a Thai real estate developer. In any society governed by the rule of law, the courts are seen as the last resort in
      1,032 words

  • GOLF
    • 602 11  -  Having tested the Adams SC Series, temsreemivas&m finds it helps improve competent players' tee shots but does not solve technique problems VEN SREENIVASAN ONE of the most irritating problems faced by weekend golfers is getting off a straight tee shot. At least half of all
      ARTHUR LEE  -  602 words
    • 706 11  -  From a US$3OO,OOO business, Adams Golf saw sales surge to $3.5 m in '96: chief By] Nicklaus D'Cruz IT was just over 10 years ago that Barney Adams would haul his Adams Golf booth to the PGA Merchandise Show in Orlando, set
      706 words
    • 1979 12  -  The 1999 PGA Merchandise Show in Orlando, Florida the world's largest golf equipment show is where new trends in golfing equipment are showcased, nicklaus P'CRTJz gives an overview of the latest products, some of which are now available in Singapore NICKLAUS D'CRUZ IRONS include:
      1,979 words
    • 941 13  -  After boosting sales from an innovative club design, Orlimar plans to duplicate its success in Asia nxcklaus d'Cruz finds out NICKLAUS D'CRUZ THE Orlimar Golf Company has used their weight to take the golf world and their competitors by storm. All of 35 g, to be precise.
      941 words
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    • 329 13 FAIRWAY FAIRWAY WOOD ANALYSIS I 1999 PGA ORUMAR I I 1999 SR PGA TOURNAMENTS TRIMETAL g| TOURNAMENTS TRIMETAL MERCEDES CHAMPIONSHIP 4 MASTERCARD CHAMP -p H Number of Pubs H K. Number o( Clubs ,_____|^B Number of Clubs 84 43^J^1 g pac og o». Number of Clubs Number of Pubs [Plf
      329 words

  • EXECUTIVE LIFESTYLE
    • 455 14  -  The monarch celebrates by watching a mediaeval mask dance. paux< barker reports PAUL BARKER Reuters BRITAIN'S Queen Elizabeth celebrated her 73rd birthday yesterday by presiding over a feast fit for a Korean king and watching a mediaeval mask dance in a traditional Korean village.
      Reuters; REUTERS  -  455 words
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    • 215 14 "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. Km 1* 2* jMftmril Or* nwrtu Mon Chicken Rice $8.50 $1.00 $4.25 Tue Nasi Goreng $7.50 $2.00 $3.70
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    • 98 14 AI^NTORE I 1-30 April 1999 I ROS^MOUNT I estate I j I t' till ITM I L l I Australian Wines featured at our restaurants *****88 Hasuk™ Svgapcrr 33) Octwrd Ro*l S,ng,po«. 23M67 4411 712 2361 MmJL i**ifosim&: «V* »™> CITY THAI SHARKSFIN KtSTAURANT Braised Superior Braised Superior Shark's fin
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  • Page 14 Miscellaneous
    • 1173 14 CRYPTIC CROSSWORD ACROSS p 2 0 4 6 i 6 HHiV* HIE 1 Restriction on entry that may be lifted (10) 9 Scored a point could be fl^L_ winning (4) P HHjH H| 10 Six hours' time to pay (7,3) Hffl 11 Soldiers hold deserter without charge (6) 12 Not
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  • COMPANIES & MARKETS
    • 633 15  -  Notices of past three days show Flextech chief 'sold' most By' Teh Hooi Ling DIRECTORS and substantial shareholders of small and me-dium-sized listed companies, more so than those from blue-chip counters, have seized the opportunity presented by the recent stock market rally
      633 words
    • 537 15  -  Latest 6 offers launched at prices below 31 cents, fuelling subscriptions By, Annette Pau INVESTORS who feel they have missed out on the latest stock market run-up for one reason or another are trying to get a foot in cheaply via the
      537 words
    • 258 15  -  By Rahita Elias [SINGAPORE] Almost onethird of VicPlas' 6.2 million public offer tranche has been allotted to small investors. According to issue manager and underwriter DBS Bank, these investors who applied for one to 99 lots will get one lot each.
      258 words
    • 595 15  -  HOCK LOCK SIEW Al Labita WHEN the Philippines took painful reforms in the 1980s while its Asean neighbours were booming, foreign critics laughed, derisively, calling it a "sick man". Now, it's the Philippines' turn to laugh and label its economically-fal-tering neighbours in
      595 words
    • 278 15  -  By, Annette Pau [SINGAPORE] Flextech Holdings yesterday confirmed that its semiconductor products and services unit STI Holdings is seeking a listing here on the second board of the Stock Exchange of Singapore (SES). The company said STI Holdings has formed
      278 words
    • COMPANIES
      • 671 16  -  Bad loan provisions hurting bnt analysts find narrowing losses a good sign From Harish Mehta in Bangkok THAILAND'S ailing commercial banks continued suffering losses in the first quarter of this year as a result of provisions for non-performing loans which cut deep into
        671 words
      • 309 16 UOB is the other suitor; decision by next Thursday Reuters [PHNOM PENH] Negotiations are going on for Stanchart's possible acquisition of a stake in Thailand's Nakornthon Bank (NTB) in which Singapore's United Overseas Bank (UOB) is also an interested bidder, the
        Reuters; AFP  -  309 words
      • 248 16  -  By\ Soh Tiang Keng [SINGAPORE) Low Keng Huat (Singapore) is back in the black, thanks to its construction business and profitable Australian hotel operations. The property and construction company yesterday reported a group net profit of $261,000 for the year ended Jan
        248 words
      • 156 16 Bernama [KUALA LUMPUR] May Plastics Industries (Mayplas) has accepted a non-binding preliminary offer to buy Kembangan Alam and Earnest Equity Development for 340 million Malaysian ringgit (Ssls3 million). Malaysian International Merchant Bankers said on behalf of Mayplas yesterday that the vendors offered
        Bernama  -  156 words
    • US CORPORATE RESULTS
      • 126 16 Bloomberg [IRVING, Texas] Exxon Corp said first-quarter earnings fell 40 per cent as crude oil prices remained at historically low levels in January and February. Profit from operations fell to US$l.l4 billion (Ss2 billion) or 47 cents a share, from US$l.B9 billion, or 76
        Bloomberg  -  126 words
      • 162 16 Bloomberg [ATLANTA] Coca-Cola Co's first-quarter profit fell 13 per cent as weak economies and currency devaluations cut into international sales and a price increase slowed US sales growth. Net income at the world's largest beverage company dropped to US$747 million (551.277 billion), or 30 US
        Bloomberg  -  162 words
      • 477 16 Bat 72E fears could hurt sales later this year with projects put on hold Reuters [SEATTLE] Software giant Microsoft Corp on Tuesday said earnings soared 43 per cent in the latest quarter to beat analysts' expectations, powered by strong sales of
        Reuters; REUTERS  -  477 words
      • 412 16 It expects chip sales to rise given robust cell phone demand Bloomberg {DALLAS] Texas Instruments, the biggest maker of semiconductors used in cellular phones, said first-quarter profit rose a better-than-ex-pected 49 per cent, fuelled by demand for the chips. Profit
        Bloomberg  -  412 words
      • 266 16 Bloomberg [HOUSTON] Compaq Computer Corp, the world's largest personal computer maker, said first quarter earnings exceeded diminished expectations as the company was hammered by falling PC prices. Net income was US$2Bl million (*****.5 million) or 16 cents a share. Before an April 9 warning,
        Bloomberg  -  266 words
      • AT A GLANCE
        • 91 16 Bloomberg [CHICAGO] UAL Corp, parent of United Airlines, said first-quarter profit fell 14 per cent as the world's largest airline faced more competition on routes between the US and Europe and business travellers sought discount fares. Net income slid to US$lB7 million (*****.8 million), or
          Bloomberg  -  91 words
        • 74 16 Bloomberg [NEW YORK] Philip Morris Cos, the world's largest tobacco company, said first-quarter profit rose 1.4 per cent, hurt by discounts on cigarettes and payments for the industry's US$2O6 billion <*****.3 billion) lawsuit settlement with states. Profit from operations at the maker of Kraft
          Bloomberg  -  74 words
        • 71 16 Johnson Johnson gets sales boost Reuters [NEW YORK] Strong global pharmaceutical sales boosted earnings of Johnson Johnson. The company also benefited from robust sales of its medical device business worldwide and said earnings rose to US$l.l3 billion (551.93 billion), or 82 cents per diluted share, 2 cents better than Wall
          Reuters  -  71 words
        • 68 16 Bloomberg [FALLS CHURCH, Virginia] General Dynamics Corp, the fourth largest US defence contractor, said first-quarter profit rose 22 per cent on strong sales at its division that makes submarines and destroyer ships. The company had profit from operations of US$lOO million (Ssl7l million), or
          Bloomberg  -  68 words
    • INTERNATIONAL COMPANIES
      • 524 17 It refuses to limit voting rights in new group after merger of Deutsche Telekom and Telecom Italia Reuters, Bloomberg [FRANKFURT] The proposed merger of Deutsche Telekom and Telecom Italia hit a snag yesterday when the German government declined to bow to Italian demands
        Reuters,; Bloomberg  -  524 words
      • 207 17 Bloomberg [NEW YORK] AT&T Corp, the largest US telephone company, and Hongkong-based iMagic Infomedia Technology Ltd installed 20 interactive touch-screen public phones at New York City's John F Kennedy International Airport. The phones, know as Public Access Link phones, allow users to place local and
        Bloomberg  -  207 words
      • 278 17 Paying four times' face value thwarts US fund's bid Bloomberg [SEOUL] Korea Telecom Co, South Korea's largest telephone company, paid 44.3 billion won (5563.8 million) to more than double its stake in an Internet service affiliate and fend off a
        Bloomberg  -  278 words
      • 356 17 AFP, Bloomberg [TOKYO] Japan's telecoms giant NTT Corp yesterday said it still hoped to win a takeover war for a long-distance Japanese carrier against Britain's Cable and Wireless. "The situation is starting to move as we wished," Junichiro Miyazu, president of Nippon
        AFP,; Bloomberg; REUTERS  -  356 words
    • FINANCE & COMMODITIES
      • 392 18 Report dampens hopes of cross-border activity rising with monetary onion FT [FRANKFURT] Fiscal, regulatory and cultural differences are likely to impede the emergence of a fully integrated banking sector in the eurozone despite the impact of monetary union, according to the European Central Bank.
        FT  -  392 words
      • 233 18 It says it couldn't get a high enough offer for HK's FPB Bank Bloomberg [HONGKONG] First Pacific Co has called off talks on the sale of its 41.3 per cent stake in First Pacific Bank and said it isn't looking for another buyer.
        Bloomberg  -  233 words
      • 70 18 [MADRID] Spain's Banco Santander Central Hispano's (BSCH) chairmen Emilio Botin (left) and Jose Maria Amusategui ringing the opening bell at Madrid's bourse on Monday. BSCH shares started life on the bourse as the euro zone s biggest bank by market capitalisation
        REUTERS  -  70 words
      • 291 18 Officials say not enough testing of systems done Reuters [SEOULJ South Korea's first futures exchange kicks off trading tomorrow but inexperience could spell trouble in the early stages, industry officials said yesterday. The opening of the Korea Futures Exchange would help develop the
        Reuters  -  291 words
      • 217 18 Reuters [LONDON] Prudential pic's new business surged 32 per cent to £2.5 billion (556.9 billion) in the first quarter, overcoming fears that a weak US performance and sluggish UK pensions growth would hit Britain's top life insurer. "The first quarter's new business figures represent
        Reuters  -  217 words
      • SMALL Change
        • 97 18 Bloomberg [GREENWICH, Connecticut! Institutional investors traded more than US$4O trillion (5568.4 trillion) of bonds and money market securities in developed markets last year, according to a study by Greenwich Associates released on Tuesday. Money managers traded US$3O.5 trillion of bonds and money-market securities
          Bloomberg  -  97 words
        • 129 18 Dow Jones [TOKYO] US mutual funds have sharply increased their exposure to the Japanese equity market in recent weeks, the UK's Financial Times newspaper reported in its Tuesday edition, citing data by a US research company. Data collected by AMG Data Services show
          Dow Jones  -  129 words
        • 93 18 Bloomberg [EDINBURGH] Bank of Scotland pic, Scotland's second largest bank, said fiscal 1999 profit rose 9 per cent, at the low end of expectations, as lending Increased and costs were restrained. The bank said profit for the 12 months ended Feb 28 was
          Bloomberg  -  93 words
        • 91 18 Bloomberg [HONGKONG] Jardine Fleming Holdings Ltd said yesterday that it had hired the heads of research from Indosuez WI Carr Securities Taiwan Ltd, Warburg Dillon Read in Manila, and GK Goh Holdings Ltd in Singapore. It hired Mark Baughan, WI Carr's Taiwan head of
          Bloomberg  -  91 words
        • 56 18 AFX-Asia [HONGKONG] HSBC Holdings pic has been given final approval by the US authorities to acquire the First Commercial Bank of Philadelphia, a spokesman for the bank said yesterday. He said the bank had announced last Sept 25 its intention to buy the bank
          AFX-Asia  -  56 words
      • 186 19  -  Reports MSCI Singn pore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index took a breather in terms of its daily range compared to the past several trading sessions. Nevertheless, the volume remained quite strong. The lead month contract, April, opened at
        186 words
      • 157 19  -  MSCI Taiwan tatoras Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures took its biggest one-day decline this month, posting a loss of 6.8 points. The benchmark TWSE index plummeted 153.58 points on concerns that bad loan ratios of two banks
        157 words
      • 324 19 EMERGY REPORT Reuters [LONDON] World oil markets rose higher again yesterday, maintaining the steep ascent from the bargain-basement values earlier this year. Bellwether UK Brent blend crude for June traded up 29 cents at U5515.99 a barrel, having climbed as high
        Reuters  -  324 words
      • 313 19 Reuters, Bloomberg London THE euro dropped to a lifetime low against the dollar yesterday burdened by a dismal outlook for the euro zone economy while the dollar was firmly underpinned by a recovery in US equity prices. Europe's single currency fell to U551.0577, below the previous low of
        Reuters,; Bloomberg  -  313 words
      • Article, Illustration
        996 19 DfTERBAMX CROSS SATES Apr2 68 m f1r m V« Won tM m>**s Ptx, g Sfr m W W S2T 1036 09 o°£ SESiS <?£ £S SJ2SSS 3 H2 0978 ow China 0.186 0.179 0.113 0.744 0222 0.933 iW»5£ 13 L S SIS 0If0 fS 5Sf «w LOO 22.*****202 0.417 0^2
        996 words
      • 1577 19 8IC0M FUTURES nmtt ttatarw clow*} tt at U*a> ?SS 1 CONTRACTS c»nhAq) Clou VMhm Omu Mowtfc Uw Sttt (towm) utowrt My* 101.25 so K*00 250 m WOO 275 Stp 99 109.00 275 ocwuew m.00 rn fcSS 3 CONTRACT ins cttrtiA?) VotWM 0o*n **5 "**> Low sit (toanti) lt«Si 99 5g.5o
        1,577 words
    • Article, Illustration
      1332 20 AFP Q Hang Seng ♦***** HONGKONG stocks closed one per cent higher yesterday after high prices fetched at a government land auction boosted confidence in the property market. The blue chip Hang Seng Index closed up 133.98 points at 12,543.76 on turnover of just under HK$B.2 billion. Dealers said
      AFP  -  1,332 words
    • Article, Illustration
      539 20 Reuters n Shenzhen B Index -2*>B SHENZHEN'S B share market closed sharply lower yesterday after two large B share companies reported plunges in 1998 earnings. The B index dived 2.58 points, or 4.44 per cent, to 55.46 on turnover of HK521.41 million against HK$33 million on Tuesday. Shenzhen's A
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  539 words
    • 372 20 AFP QWP Index -15X58 TAIWAN share prices closed 2 per cent lower yesterday as investors locked in profits from recent sharp gains, dealers said. "Selling pressure is at its peak, especially in paper and plastics counters," said Yu Yin Kai, manager of Grand Cathay Securities. "Profit-taking set in as
      AFP  -  372 words
    • 2179 20 LONDON Industrials Couna *f 31 Croup 6.87 0.0: A 8 Food* 4.15 -O.K A 8 Ports 2.88 0.03 AHIad Do mac q 4.90 -O.Oi AHIad Zurich 7.92 0.02 Anglo Amarican Gold 41.00 -0.8C ASOA Group 1.88 0.04 Bar* of Scotland 8.70 -0.4C Barclays 18.68 -OJ3 Bass 8.87
      2,179 words
    • 1627 20 AFP D Nikkei 225 -202 M SHARE prices in Tokyo tumbled 1.2 per cent yesterday, pressured by a warning from the IMF that Japan's economy would likely shrink 1.4 per cent this year, brokers said. The Nikkei average of 225 leading issues fell 202.09 points to end at 16,495.02.
      AFP  -  1,627 words
    • KUALA LUMPUR STOCK MARKET
      • 433 21 AFP. AFX-Asia Q Composite Index -AJB3 MALAYSIA'S key share index closed 0.8 per cent lower yesterday as investors locked in their profits following recent sharp gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 4.83 points to finish at 616.70 and the
        AFP.; AFX-Asia  -  433 words
      • 8462 21 INDUSTRIALS Consumer products 19*9 Last Vol Day Net Cap High Low Company Sat* *h OOO High Law P/I Jmll 310 255 Ajlnomoto 290 6 .o 117.5 83 46 Angkasa 64.5 "1.5 7 64.5 64 95.1 283 220 Apollo Fooa Hlg 245 -15 18 250 245 8.5 98.0 204 115 Berjaya
        8,462 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2185 22 BONDS, LOANS ft WARRANTS 52-*' Last Vol Day Last Ousts Avg High Low St no Company Sals *or- COOO) High Last Buysr Ssllsr Pries 18 3 3160 A Acer ******1USS 17 *2 520 17 15 5 16.5 17 27 4.5 S 3164 Acma ******4 25.5 *1 1650 27 24.5 25
        2,185 words
      • 168 22  -  WARRANT WATCH -By R Sivanithy THE way the market is behaving in the warrant segment, it seems to be pricing in a huge future upswing in share prices. In technical jargon, implied volatility levels have spiked sharply upwards, making it very difficult to make any
        168 words
      • 235 22 HONGKONG STOCKS Gf Gf 52 V«4 Day Last Oust* ON D«v YW N«t M Cap Ht» Law Stna Company Sat. rOOOl Hl» law Buy* f» >/t Smtl 240 173 5123 CDC (2000) MW 240 Cd *10 36 240 230 240 260 8 2.4 13 131 4646 8 5124
        235 words
      • 290 22 AFX-Asia |3 Wellington *&52 SHARE prices closed higher in trade dominated by Brierley Investments Ltd ahead of its announcement of a business plan later in the week, dealers said. The NZSE-40 Capital Index closed up 5.52 points at 2,197.56, on turnover of NZ$7O million. AFXAsia »a cmm Advantage HDS
        AFX-Asia  -  290 words
      • Article, Illustration
        907 22 AFP n SET Index -BJB THAI shares dropped 2 per cent at the close yesterday as investors decided to take profits following the release of poor banking sector results, dealers said. Brokers said the results were largely expected but still gave investors an excuse to consolidate after the market's
        AFP  -  907 words
      • 404 22 AFP n Composite Index -2717 SOUTH Korean shares fell 3.5 per cent yesterday on heavy profit-taking and concerns over the stronger won and labour strikes, dealers said. "Together with recent steep upturns, the labour strikes by militant Daewoo Heavy unions fuelled concerns about the possible impact on the entire
        AFP  -  404 words
      • 655 22 AFP NAD Ordinaries -2LB AUSTRALIAN share prices slipped 0.7 per cent yesterday, pushed lower by profit-taking across the industrial and resource sectors, brokers said. The All Ordinaries Index shed 21.8 points to 3,068.3. The All Resources Index slumped 53.7 points to 1,142.4. The All Industrials Index drifted 0.1 point
        AFP  -  655 words
      • Article, Illustration
        689 22 AFX-Asia P Composite Index -£34 SHARE prices closed lower in volatile trade, as late large cap profit-taking led by Telkom wiped out morning gains, dealers said. The Composite Index closed down 5.34 points at 480.63, off a high of 494.83 and a low of 477.99, on 668.2 million shares
        AFX-Asia  -  689 words
      • 313 22 AFP CI Manila -45.68 PHILIPPINE share prices closed 1.9 per cent lower yesterday as local investors locked in profits. The Philippine Stock Exchange Composite Index shed 45.68 points to 2,312.97. Turnover fell to 708 million shares worth 2.28 billion pesos compared to 3.08 billion shares worth 3.85 billion pesos
        AFP  -  313 words
    • 7121 23 Transaction date: Apr 21 Of Of M W« 52-Wk Last Vol Day Last Ouota Olv W* YM Mat Caj A*« HJkjH Loo StNo Company Sale COOO) Htqti Low Buyer Seller C'vr P/t Smll Price MULT1-INDUSTRY 122 17.5 mb 1000 Acma 50c 98 cd *7
      7,121 words
    • 1369 23 8r Or m Wt 52-Wt Last Vat Day Laat OMto Mv Mv YM Nat Cap Avg HI# Law StNa Company I* COOP) HH> L— Euyar »o8or C yt P/I jm* Prtco MMCMM 185 30 c 2049 AS Auto Kk 115 *6 4503 120 112 U4 118 15 N 7
      1,369 words
    • STOCK EXCHANGE OF SINGAPORE
      • 422 24 Stacks Wt IPC Corpn 5c 53.791.000 Popular 10c 28,601,000 Heshe Hldgs25c 26,735,000 Samudera 10c 25,123,000 Teledata 10c 24,301,000 Twin wood 5c 24,221,000 JCMPH 23,780,000 GES Intl Ltd 20c 22,168,000 SMB United 10c 21,565,000 ChewEuHock 20c 20,546,000 Stocks DBS Foreign 52,702,214 SingTel 15c 45,680,334 City Dev 50c 44,349,033 OCBC Foreign 29,903,755
        422 words
      • 633 24  -  STOCK MARKET COMMENTARY All segments rebounded in high volume; stocks like IPC, Popular, Heshe made it to most active list By R Sivanithy AS expected, the stock market rally swung back into full force yesterday with all segments rebounding in high volume. The
        633 words
      • ON THE GRAPEVINE
        • 156 24 LAND auctions are big events in Hongkong and not just for the excitement over the bidding process and the results alone. Reporters and photographers looking for comments or simply a closer glimpse of the tycoons cannot find a better place in Hongkong to do it. On
          156 words
        • 104 24 SPEAKING of colour, many observers at the auction had wondered if they suffered from a split vision. The other highlight of the auction was of course a "splitting" strategy by Ng Teng Pong's Sino Land, which had reporters and analysts totally confUsed. Long after the auction was over,
          104 words
        • 85 24 THE Malaysian flagship newspaper group New Straits Times is set to shed more people than it had expected following a voluntary separation scheme last month. More than 700 people, or 19 per cent of its workforce 0f3,659 people, may opt for the scheme. The
          85 words
        • 143 24 BUILD a beautiful body. Speed-read your way to success. Develop a super-duper memory. Solve your Y2K problem... er, what's that again? Yes, you heard right. TV Media, the provider of all those interminable late night informercials that promise you health, wealth and happiness for $39.95 (but
          143 words
      • Article, Illustration
        59 24  -  -By Wong Wei Kong TELEDATA shares closed up $0,215 yesterday at $0,655 with 24.3 million shares traded, compared with its 10-day traded average of 5.5 million shares. The stock is at a new 52-week high but the RSI, Stochastics and MACD readings suggest that investors should approach the
        59 words
  • Page 15 Advertisements
    • 282 15 Bain Company is enjoying extraordinary growth in Southeast Asia. We long-term relationships with a growing set of Asian and MNC senior management teams that committed to fundamentally repositioning themselves outperform their competitors in the midst of As a result of this growth, we are seeking exceptional people to join our
      282 words


  • Page 17 Advertisements
    • 309 17 It s more n M K B K From 18 Feb 30 fun*. choose from either of these rewards when you fly with us: 'Based on departure dates Enjoy shopping for free Oi? See more of Japan for free I I HHH (t Or A Look at all the exciting
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  • Page 18 Advertisements
    • 322 18 MOW yOU AND yOUR FRI£ND CAN FL}f TO ABSOLUTE FR££ Be one of our 3 lucky subscribers to win EARLY BIRD BONUS! TWO return air tickets each when you Subscribe before 23 April 1999 and an subscribe to The Straits Times Weekly electronic travel master organiser cum Edition for 6
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    • 178 18 Wc provide consultancy scrvfccs on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. r We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.
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  • Page 21 Advertisements
    • 34 21 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified CATS. I wfKm 3 Buy h. Sd h. Find h. 8
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  • Page 22 Advertisements
    • 112 22 NOTICE IS HEREBY GIVEN that I, VANDER STRATEN GERALDINE ISABEL of 297 Bedok South Avenue 3, #0906 Singapore *****7, have applied for a Wholesale Liquor Shop Licence in respect of M/s Creative Channel Marketing (S) located at 24 Pasir Panjang Rd, Alexandra DistriPark, Blk 4 #07-26 A Singapore *****1, and
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    • 104 22 NOTICE IS HEREBY GIVEN that I, ALLAGAN KAMAjLA of Block 106, Simei Street 1, #05-806 Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s Venitha's Mini Mart located at Block 679,Jurong West Central 1, #01-01 Singapore *****9, and that this application will be considered by
      104 words
    • 21 22 Classified First. Want more accessories for y%ir car? Or a new set Mf wheels? CAXS. Buy k. Sd It Find It
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  • Page 24 Advertisements
    • 1874 24 What did your broker do for you today? Our clients get something new everyday. DBS Investor Online. Cal 438-1188 tcday SSI )BSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, SUCHANA SWANGSRISUTHIKUL of Blk 757 Pasir Ris St. 71 *12-168 Singapore
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    • 13 24 Id advertise your simply lax: 741 UN or Call toll-free: 1800 741 1883
      13 words

  • SHIPPING TIMES
    • 305 25 Bridge News, Reuters TANKERfik With the May stems now allocated from the Persian Gulf, there has been a step-up in activity for the big ships, although rates are still low. Vela booked the Skyros at an unchanged worldscale 35 for an Apr 31,300,000 tonne cargo from the Persian
      Bridge News,; Reuters  -  305 words
    • 268 25 w imv y- hi CWT Distribution 0.82 0.06 1094 C*o*i Hup aw 0.04 1309 Cosco Invostmont—0.70 0.06 729 rnmt umi 0.27 act ***** G6&tdfeiqs 0.M 0.0S 540 Mai Sun Hup 0.64 0.03 2123 IMCHaidteqa I IK—540 unch 0 J**a HoMbtft 0.63 0.02 2632 Jurona Shipyard. 7.55 aiS 36
      268 words
    • 460 25  -  Armed pirates hijacked ship, set crew adrift on life rafts last month By] Marcus Hand [SINGAPORE] A Panamaregistered cargo ship is missing after being hijacked by 20 heavily armed pirates in the Straits of Malacca and the 21 crew set adrift on
      460 words
    • 409 25  -  Worst is over, shipping industry on the way to recovery By Felix Chan [SINGAPORE] Singapore Shipping Association (SSA) president Lua Cheng Eng has joined a growing chorus of industry executives who are of the view that the worst may be
      409 words
    • 661 25  -  NEWBUILDS By David Hughes IT will take some time for the dust to settle following Kvaerner's bombshell last week. The Anglo-Norwegian conglomerate announced that it was quitting shipbuilding altogether. The move took virtually all observers by surprise. Everybody had been expecting the sale or closure
      661 words
    • 230 25 Reuters [SEOUL] South Korea's Daewoo Group said yesterday it was not considering turning its shipbuilding business into a joint venture despite earlier statements by unit Daewoo Heavy Industries. Earlier yesterday, Daewoo Heavy Industries Ltd said it was considering turning its shipbuilding business into
      Reuters; AFP  -  230 words
    • 1268 26 SINGAPORE PORT PSA Corp, voted Asia's best container terminal operator 10 times, works closely with customers to stay competitive PSA Corp SINGAPORE is the world's largest container port. Its container terminals have been in operation since 1972, managed by the recently corporatised PSA Corporation,
      PSA Corp; FILE PHOTO  -  1,268 words
    • 196 26 PACE ECt 5 ACL 6 r 9 reefl ami 3 FoongSun 8 Accord 6 Appenship 5 GwMrtrans Austral 8 H **J" 1 Bala|i Shpq 4 3 BSA 7 Heung-A 4 B'tang Mas 8 Hyundai 7 CCNI 7 tCFS 3 CM* 8 Interasia 7 COSCO 5 Intertransport S
      196 words
    • 18557 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser V«ssH Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Dest'n Name Name Number Number 03/05 29/05 Klen Hung EXCELLENCE CONTAIN EC902S 65-*****1 To ABIDJAN (ABJ) 2003 Cote D* I voire 05/05 3i/os csav csav Singapore ows
      18,557 words
    • SHIPS IN PORT
      • 622 37 Vessel Voy No Berth Arrive) Departure Jew) Pert Adka Tarunag *****9 J04 alongside 23.04/2300 Belo Oriente 038 J08 alongside 21.04/1500 Bintan Baru *****9 J02 HongsiO* 21.04/2300 Bt Lestari I *****9 J01 alongside 21.04/2315 Bt Murdiana2 *****9 J01 alongside 21.04/2300 I Inn Tamban TCI J16 alongside 21.04/1800 Labuhan Inda
        622 words
      • 1825 37 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklnq/BaUnct Rttls Ship Voy No Etb/Btr Pwtod From To From Art«wr Ml 23/8M J* 2V800 21£59 jVWO m zvnoo 21/1*59 21/1900 U 21/1700 22/M59 22/0900 29 2Vm» 22/0459 22/0*0 3 22/0700 22/T89 22/MOO 4 22/1200 22/1451 22/1700 ~9442* 21/0700 U
        1,825 words
      • 184 37 Apr 20 New Zealand: Anzac Day. Apr 26 Australia: Anzac Day Holiday. Apr 29 Japan: Greenery Day. Apr 80 Denmark: General Prayer Day. Finland: May Day Eve. Mayl Greece: Labour Day. Germany: Labour Day. Austria: Labour Day. Belgium: Labour Day. China: Labour Day. Finland: May Day. France: Labour
        184 words
      • 771 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* In US dollar* Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        771 words
      • 460 37 Cwtoa 100 Max 995.1 1.4 19.8 0.10 66 0.09 Apr M Density IMtor Residue Ash Aluminium Sidlmmt No «tow E2S t 1 12 0 0 0 r %M/M 380 Aw 986.1 0.4 12.8 0.07 40 0X12 b>« 380 Mu 994.2 18 19.5 0.11 250 0.05 Wl
        460 words
    • AIR & LAND TRANSPORT NEWS
      • 262 38  -  It will maintain engines of Korean carrier's new 1321 planes By\ Felix Chan [SINGAPORE] Aero engine manufacturer Rolls-Royce has been awarded a US$3O million (Sssl million) engine maintenance contract for Asiana Airlines' new fleet of Airbus A 321 aircraft. The exclusive contract, Rolls-Royce's first
        262 words
      • 207 38 Bloomberg [PATTAYA, Thailand] Pilots for Northwest Airlines Corp, Continental Airlines Inc, Alitalia SpA and KLM Royal Dutch Airlines NV signed an agreement to protect their interests in a pending alliance of the carriers. Leaders for the unions, which represent more than 15,000 pilots
        Bloomberg  -  207 words
      • 502 38 Europe may modify plan to ban planes with hash kits to allay US concerns Bloomberg [WASHINGTON] The European Union's top trade official said the EU would consider changing a plan to ban aircraft with "hush kit" noise reduction devices from operating in Europe
        Bloomberg  -  502 words
      • 41 38 [HANOI] People walk their motorcycles through rows of other motorcycles at a parking area in Hanoi yesterday Vietnam is arrwfafecolwmy ofbUycles t0 that of motorcycles, thanks to the economic growth achieved since the country switched to AFP
        AFP  -  41 words
      • 185 38 Bloomberg [TOULOUSE] Airbus Industrie won an order from aircraft lessor CIT Group for 30 planes worth an estimated US$l.B billion (553.06 billion), the European maker's first from the New Jersey-based financial services company. Airbus said the order is for 25 planes from the
        Bloomberg  -  185 words
      • 139 38 AFP [NEW DELHI] Three crew members and an infant on board an Air India passenger plane were injured when the plane dived in mid-air, Indian civil aviation sources said. The Airbus-320, travelling from Singapore to Bombay via New Delhi, went into
        AFP  -  139 words
      • 106 38 Reuters [ZURICH] Swissair, the airline of SAirGroup, and Delta Air Lines said they would start a code-sharing service between Atlanta and Lima from May 28. Swissair, which already has a code-share deal with Delta, has said it was on the lookout for possible new alliance partners. Delta has
        Reuters  -  106 words
      • 260 38 Bloomberg [MANlLA] Regulators ordered Philippine Airlines Inc chairman Lucio Tan, who pledged to provide US$2OO million <Ss34o million) to keep the flag carrier aloft, to produce half the money immediately. The Securities and Exchange Commission told Mr Tan, who owns 70 per
        Bloomberg  -  260 words
      • 387 38 AFP (SEOUL] Disaster-prone Korean Air risked government sanctions for possible mismanagement, the office of South Korean president Kim Dae Jung hinted yesterday. Kim's spokesman, Park Jie Won, echoing the president, said a string of recent accidents involving the 30year carrier was "a national
        AFP  -  387 words
      • 151 38 AFP [TRIPOLI] Libyan Arab Airlines (LAA) started inviting passengers to begin booking seats as it resumes normal international service this week following the suspension of a sevenyear embargo on Tripoli. LAA "invites passengers to contact our offices about international flights that will resume
        AFP  -  151 words
      • 1799 38 OTY FUCHT CTA FUCKT ETP LH778 1605 $026 2355 MM 1*7381 1910 8A7382 2055 W«7B 1605 LH779 2359 0F81 1930 Of82 2055 ****** 1605 ****** 2359 **8229 2230 "7306 1815 S***** 2359 LH6380 2230 Oft WB $0229 2230 frtwlM $0989 1645 S0990 0)05 Amitordoffi KL837 1455
        1,799 words
  • Page 25 Advertisements
    • 19 25 Singapore port: Mega hob for the next century PSA Corp works closely with customers to stay competitive. Page 2
      19 words
    • 199 25 EU may change airline noise redaction rale Europe may modify plan to ban planes with hush kits to allay US. Back Page TheßusinessTimes Shipping Times Keeping ahead of your competition To keep ahead in todays uncertain fast changing economic landscape, you need to be well informed. And you also need
      199 words

  • Page 26 Advertisements
    • 194 26 Keep in Touch www.nykline.com When you need answers fast: r—'- Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information BHSBjes SurrjjSHPß —Ifc. mmkm I SENLIM AGENCIES PTE. LTD. I 133, N«w Bndge Road, *06-00, Chtnatown Pcrtnt A
      194 words
    • 813 26 /fc'fojv Loes 4 services represented .*—»w u.. 4WMMk ff Members of the (-I@| y Members of the Registry of r«i •>,■ Singapore Freight Forwarders Accredited stepping Agents VMIS&r Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES JIL dfc, SINGAPORE to BATAM, BIMTAN, KARIMUN i JBi't Y SINGAPORE
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  • Page 27 Advertisements
    • 1131 27 I SAX SERVICE (DIRECT) vtssa VOY SWEIA tAX OAA IM I HOU CHI CM. |>Hllw|gl NTC RftTMOUOGE 0241 21/04 06/05 11/05 H/05 1 2/05 11/05 12/05 H/05 13/05 13/05 mSAKDONYX Ollt 29/04 18/05 18/05 18/05 19/05 18/05 19/05 19/05 20/05 20/05 RftTOUMMUg 025t 05/05 20/05 25/05 25/05 26/05 25/05 26/05
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    • 2235 27 HANJIN SHIPPING mh.l~ 1 t Wyn Lm *****30 Irn .«.f.,r.T S T W6 >IB 1P *//-**<- ■00PWG *****3S ?37 SMR *****74 73t OOCUUCWT 7370T71 774 OTHATKMS *****50 751 MAJN UWt *****55 FU HUM***. TO NW USA A CANADA USA CANADA* Wyu/VOY ismi ttw d» I roi Io« jusfl ml on
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    • 1546 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDi'I'EKRANEANiCANADA VOT sM LEH BTM I OMR HAW ItRV IfU I I VttStL VOT SW IMTI OT fOS W.C MTW HANJM KEEL IiNG WQtll 23 04 15 06 10 OS 13 00 14 05 10 06 OttMKIUCA WMOIO 22 04 00 06 11 06 13
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    • 678 28 S'PURE M'SIA l£J\sA2d S%& SSESESS" BANOKOK; &*> *****57 SURABAYA. (31) *****0 K KEiANQ (03) *****77 JKT! (21) *****07 MDN: (01) *****3 KIiCHING (002) *****1-3 CALCUTTAMADRAS MV "ORAM BREEZE" V.913N MV "OCEAN BRILLIANCY" V.08R45 ETA SIN: 25-4-99 ETA SIN: 24-4-99 SURABAYA SHANGHAI MV "JURONG BALSAM" V.033 MV "NOL AMAZONITE" V.021E ETA
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    • 500 28 LINE EST TiLi MI34M FAXi *****13 MUARA 1 LABUAN VBML VOY ETD ETA VESSEL VOT fTO ETA STOW MUAJtA SfOKi UN JPtOSKR KW/W S*d 23/04 JPWSPa VOOE/» SdU 24/04 (AAAKA MOSI VOOE/W 2S/04 21/04 CAIAKA JK337 Vo*/W 25/04 21/04 JPtOSPE* VOH/W JO/04 03/05 j PROSPER VOW/99 30/04 04/05 CARAIA JN332
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    • 1519 29 [vessel voy khh hko sin pqb dxb dmm shj ba bik IRAN SHAHRYAR 5-101 23/04 20/04 05/05 05/05 07/05 09/05 11/05 IRAN BAABAEI PJLI34S 30/04 03/05! 12/05 13/05 14/05 16/05 18/05 IRAN TAKHTI PJLI346 07/05 10/051 19/05 20/05 21/05 23/05 25/05 IRAN TABATABAEI 5-103 12/05 14/05 18/05 27/05 28/05 29/05
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    • 1952 29 DirMt Calk to Kob* (6 Bays), Hojoya (7 Days) Tokyo Day*) nHGAwTrsSTTctinS: t"niHTO«W>Y T1L226 1900 i'";M2MI QtjßjffuTTiSoi JOH«K)m«. I a "mizwlEK liisiS2.Ysi.ni (Mv.moi.il '»««»««(D/OI *****85 COSTAR AGENCIES (M) SDN BHD T/SHPMT DCPT *****25 TIL 02-07-35 M 166 FAX: 02-07-*****70 22" PH w* OIN "W QM m vu Ntt l~» ROM:
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    • 324 29 V—Eastern Car Linkr, L.tu. eg gwwporo m ire jSrZSk 1 SPECIALIZE IN ROUP t HEAVY LIFT UPTO 450 TONS ECI (SINGAPORE) PTE lID LOADING FOR YANGON MANILA MV "TEN" MV'CORAL HERO" V. 16 ETA SM 28/04/99 ETA YGN 02/05/99 ETA SIN 29/04/99 ETA MNI 04/05/99 PORT KiANG/YOKOHAMA MV "OCEAN SAMPAGUITA"
      324 words
    • 30 29 Shipping Times ""BUSINESSCENTRE Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
      30 words

  • Page 30 Advertisements
    • 1402 30 I EUROPE/UK/SCAHDINAVIA/FINLAND/RUSSIA I SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP I I E ft£L* 17/05I 7/05 18/05 19/05 E r £SULT RE-024 01/04 04/04 02/04 05/04 06/04 28/04 27/04 I I Sf^ 05 l*™ 25/05 26/05 E BEHOWN Ri 033 00/04 10/04 04/04
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    • 945 30 API ADVANCE CONTAINER LINES (PTE) LTD Mv Li TEL *****21. FAX *****19. TELEX RS ***** ACLPL FOR BOOKINGS PHASE CALL; *****22 SALES MARKETING *****21-28 OPERATIONS: *****60 *****05 CR NO. **********0E BANGKOK Sunaw/Waa* JAKAKTA -(7 S.llla,t/W»,*) VtSSCL VOY W BKK VESSa VOT JKT KQtAHAJjIA t^V LCH J HIAO2I !by 25/4 Sun
      945 words
    • 629 30 ppk NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel i VOT I sin I PU) du« 1 jwi I cft I»q MNTAI QUEEN YOMS 28/04 06/05 10/05 13/05 14/05 14/05 NANTAIDRAGON VOI3S 04/05 15/05 19/05 "H/OTM/OT^ NAMAIttMUS VO34S H/05 26/05 M/ 05 ~02/04~ "oVoT "ot/pT GOLDEN DRAGON YOI2S
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  • Page 31 Advertisements
    • 488 31 BSA i MflL MYANMA pBBk FIVE STAR LINE wT (Myonmar National Line) 1 Loading for Yangon (Rangoon) VISSIL VOY SIN PKL PEN PGU (AGO VIO9W $10 MALAYSIA AGENTS: IOUSTIAD SHIPPING AGENCIES KUL: TEL (03)*****00 PKL TEI (03) *****01 PIN: HI (04) *****02 PGU: HI (07)*****21/4 BANK LINE (A service of
      488 words
    • 1260 31 HYUNDAI MERCHANT MARINE CO., LTD. ivcsa vor pSTI sou im Rim aw ham m m."I Ivtssa vorl sou 1 lb< i btw I awt f haw Itv m sx NOICORAI 007W 24/04 15/05 14/05 01/05 12/05 NT lARON 31ft 29/03 03/04 31/03 01/04 21/04 HY ADMIRAL 319W 24/04 11/05 16/05
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    • 1104 31 My *1 ipec vised outocornen W°)§(o]@ Wilhelmsen Lines TO NORTH AND UTIN AMERICA "*ORO HEAVTUFT SERVICE" j YtSSII VOY RAMP HEIGHT iIH LAX CRL MIA SAV BAI ORF NYC NEW MOB tourcoimg F909 4001 ms 6.3 m ***** ~2570T Woi 0676T Woo" "ToToT TT76T*****" 1776T *****" TAPKHA F9lO 400 TOM
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  • Page 32 Advertisements
    • 1842 32 BANOKOK/ MAP TA PHUT/ LAEM CHABAHO] JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY I SIN JKT PJN KOTA HARTA HTAO2I In Pt 25/04 GURU BHUM» 12SSB 23/04 25/04 YANTRA BHUM 287N In Pt 25/04 24/04 HARI BHUM 364S 24/04 28/04 I MATHU BHUM 411N 24/04 28/04 27/04
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  • Page 33 Advertisements
    • 70 33 i Dial 740-6000 on demanal I —(Retrieve more schedules!) Press "1" > fT JC\ Select the port and key in I the four digit code eg: To New York (NYC) 2275 I 4 M Key in your fax number your phone number <H Anotherjpnovative service offered by e document Will
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  • Page 35 Advertisements
    • 56 35 orient pacific CONTAINER UNE LIBYA BENGHAZI TRIPOLI Look Up Our Schedules On PG 4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES NEW GUINEA PACIFIC LINE CHECK OUT THIS Ur !f h i d le r S Are SPACE FOR On PG 5 H SWIRE
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  • Page 36 Advertisements
    • 144 36 1 free deader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or
      144 words

  • Page 37 Miscellaneous
    • 134 37 E LEGEND: R Thunderstorm Temperoture °q X\ y Shower Weather Wmd direction with speed m knot* ee Rom Cloudy Sky Wov h fl hf 0, arrows which fly with the wmd \£J One full circle represents colm or light ond variable winds I One hoM Heche represents 5 knots L-»
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  • Page 38 Advertisements
    • 133 38 One of the Lead Global Shipping Line is inviting YOU to a challenging career in this vast growing industry If you are a motivated individual who believes in service excellence, send in your full resume stating your expectations and a recent photograph. And we will explore with you the opportunities
      133 words