The Business Times, 14 March 2000

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Total Pages: 42
1 42 The Business Times
  • 10 1 'a 850 S INGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MARCH 14, 2000
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  • 62 1 n«i M UHIM (-53.-58) □BMU 737.88 (-9.42) nananronasß 11 mm M 1.50) STOCK HAEXBT lEDICES Monday Change KLSECOMP nun -1128 NIKKEI ******—-MM? HANG SENG 17J9M8—-736.18 SETINDEX miS 11» JAKARTA COMP—S67J8 -8* MANILA COUP 1,***** -l&n TAIPEI WPI &811* -MM SEOUL COMP SUM 46.76 OSACHDIAB 76L6S rL7t AOSTALLORD -t2 llan
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  • 74 1 FOBEX BATES US$ St U8t u% £(US$/S$ per 1MB IMU ElUO(US$/S$/EJ 9J7I 1.663 DM 1917 0346 YEN 106l8 U11 RM 1880 1449 HKS 7.784 9J19 BAflT I7» 1941 BIJP1AH 7,499 9.99 »stmmuntu PUME BATES SINGAPORE* 1-5J0 KUALA LUMPUR 7.87 JAKARTA .39.99 BANGKOK 9M MANILA 11.90 HONGKONG 8J0 TAIPEI 1M
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  • 646 1  -  6.6% fall in Taiwan also a concern; STI pinnies 2.6%, led by Venture By\ R Sivanithy [SINGAPORE] The bursting of the Japanese Internet bubble and a 6.6 per cent collapse in Taiwanese stocks yesterday on political concerns sent regional markets skidding to
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  • 73 1 Reuters [NEW YORK] The Nasdaq composite index of mostly technology stocks faltered in the opening minutes yesterday, falling a sharp 206 points, or 4 per cent. Spooked by heavy falls in Asian equity markets, the Dow industrial also suffered, although it recouped its early loss
    Reuters  -  73 words
  • 857 1  -  EPA chief puts blame on fall in personal consumption From Anthony Rowley in Tokyo JAPAN'S real gross domestic product contracted by an unexpectedly sharp 1.4 per cent in the last quarter of 1999, putting the economy firmly back in recession following a one per cent shrinkage
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  • 1012 1  -  By Catherine Ong Teh Hooi Ling [SINGAPORE] Star Hub Pte Ltd, Singapore's first full-fledged competitor to Singapore Telecom, will be scaling back its $2 billion investment plan to wire up the whole island in the wake of the government's decision to
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  • Page 1 Advertisements
    • 86 1 inside BT Comment Opposing views of office market Who will turn out to be correct? CityDev the bear or DBS Land the bull? Pg 8 Motor stocks: opportune time to take a contrarian View. Pg 3 Top sxories More than 50,000 Ciob shareholders have accepted Effective's offer. Pg 3 r,
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    • 104 1 In full retreat i i I -n'jf.iK r* V•• I x > V V V v 220 ISO Fen 1 8 15 22 Ma 1 8 13 Venture Mfg 22 70 560 —20 Pac Century 30.40 640 —1 7 Natsteel 11.40 —1.00 —8 Venture Calls 20%, Next Page Hang Seng
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    • 83 1 v K J u 11 j V jjj^F M J' V^S^B <&m |i\ K .Ja 1 f ijKii J I You never 1 U U J. PATEK PHILIPPE GENEVE actually own a Patek Philippe. You merely look after it ji N^^llMß Begin your own tradition. _y, Officer's Calatrava-ref. 5022 Roy
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    • 4 1 Tough battle, Pg 6
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  • NEXT page
    • 509 2  -  Profit below expectations; Nasdaq fears also cited; Creative bucks trend By* Jennifer Lien [SINGAPORE] Venture Manufacturing shares plunged 20 per cent as disappointed investors reacted to last Friday's announcement of low-er-than-expected 1999 net profit growth of 31.3 per cent. The stock closed $5.60
      Source: Bloomberg  -  509 words
    • 684 2  -  China Telecom dives 8.2%; HKT down 5.2% From Meera Tharmaratnam in Hongkong HONGKONG investors joined a region-wide sell-off involving Internet-related stocks, preferring to lock in profits before they disappeared altogether. The benchmark Hang Seng Index fell 4.12 per cent to 17,0%.68 points, its biggest
      AFP  -  684 words
    • 141 2 THE Nihon Keizai Shimbun, Japan's leading business newspaper, will mark the 10th anniversary of its printing in Singapore with a special millennium conference here next week. The keynote speaker at the half-day conference to be held on Monday at 2pm at
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    • ON THE grapevine
      • 57 2 THIS must hurt a lot. IBM, which yesterday announced a string of alliances in the United States and Europe to develop e-commerce on wireless devices, was asked why Microsoft was not included in the grouping. Its answer: "Frankly we don't see them as a key player in
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      • 111 2 A REPORT from Times of London said Tony Blair's government is preparing legislation to allow pubs and off-licences (liquor stores) to open 24 hours a day. Under current laws, enacted more than a century ago, these establishments are to close at 11pm. The rationale for the new legislation
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      • 110 2 A READER has e-mailed us this intriguing question: "Why is the man who invests all your money called a broker?" The truth is that it is one of those idiosyncrasies of the English language that has no real answers. For example, there is no egg in
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  • Page 2 Advertisements
    • 269 2 JL The Hull MBA OF HULL MBA (General) 28th Intake Ranked Among Starting in Singapore April 2000 /FfcrancePreview by\ UK's First 7 7TT- —T~r Or Cofin J. Jones Division MBA (Investment Finance) 10th Intake Yiue, 21 Mar 2000J Universities, 1999" Starting in Singapore May 2000 pjn-^x UNIVERSITY OF SOUTH AUSTRALIA
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    • 10 2 Sanwa Bank in talks to join Tokai, Asahi, Pg 19
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  • SINGAPORE companies
    • 1207 3  -  Oat of 9 firms studied, only 3 had increases in trading volumes By( Carol Eng THERE does not appear to be conclusive evidence to suggest that stock splits boost liquidity. The Business Times studied a sample of nine companies which carried out share splits
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    • 265 3 ABOUT 50,000 of the 172,000 investors in Malaysian Ciob shares have so far accepted Effective Capital's offer to migrate the shares to Kuala Lumpur. In a statement yesterday, Effective said the figure was based on feedback from brokers in Singapore and iteiaysia
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    • 729 3  -  SWWH locksiew christopher tan ULTIMATELY, Earth is "old economy". Its return on investment since creation has been negligible compared to other celestial entities. Its shareholder value is questionable on account of uneven distribution of dividends and too large a base. Its fundamentals
      729 words
    • 494 3  -  Bat profit warning shouldn't influence investors over STPL offer: chairman By. Audrey Tan GOVERNMENT printer SNP Corporation yesterday announced a return to full-year profitability of $2.3 million, but warned that this year's earnings could take a hit from its e-commerce forays. But
      494 words
    • 174 3 NH Ceramics, the holding company of Nam Huat Tiling and Panelling, has obtained inprinciple approval for listing on SGX Sesdaq. Overseas Union Bank is the manager, lead underwriter and placement agent for the offer. NH Ceramics achieved group turnover of $33.2 million and pre-tax
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    • 325 5  -  Both keen on bidding for power plants and look forward to details of market liberalisation By' Teh Hooi Ling TWO listed companies SembCorp Industries and Keppel Fels yesterday welcomed the government's move to liberalise the electricity market, saying that they are eagerly awaiting
      325 words
    • 211 5 SIA expected to buy around 17% of Air New Zealand from Brierley, says NZ paper AFX-Asia SINGAPORE Airlines Ltd declined to comment on news reports in New Zealand that it is buying a 17 per cent stake in Air New Zealand Ltd
      AFX-Asia  -  211 words
    • COMPANY Briefs
      • 76 5 LASER system maker, the Avimo group, has acquired the entire share capital of GP Systems (Engineering), through its fully-owned subsidiary Avimo Europe. TTie initial acquisition price is £350,000 (*****,130). Follow-up payment, termed as "deferred consideration", will be made up to the year 2006 based on
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      • 91 5 PERMASTEELISA Pacific Holdings has reported an 18 per cent decline in group net profits to $11.4 million for 1999. The company attributed this reduced bottomline to a drop in turnover which fell by 20 per cent to $222.5 million. Its directors said the group
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      • 99 5 SESDAQ-listed Eastern Publishing has announced a 35.5 per cent drop in group net earnings to $725,000 last year. Turnover fell by 11 per cent to $11.2 million. The drop in profits, according to the company, was due to lower contributions from its principal subsidiary and
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    • 479 5 SNEAK PREVIEWS Reuters PARKWAY Holdings is expected to post 55 to 60 per cent growth in net profit for 1999 and enjoy steadier future income as a pure healthcare group after it divests its property assets, analysts said yesterday. A Reuters poll of
      Reuters  -  479 words
    • 280 5 CORPORATE RESULTS ELECTRONICS company ASJ Holdings, which posted a 10 per cent rise in group net profits to $6 million last year, has announced a one-for-two bonus issue. The proposed bonus issue will enlarge the capital base of the company to reflect the increase
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    • 463 5 Loss of $722,000 in 1999; high overheads also cited LISTED piling contractor CSC Holdings yesterday said it made a loss of $722,000 in 1999 due to the shortage of projects and high overheads. For the year ended December 1999, CSC's turnover was
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    • 539 5 Bloomberg OUB will report record earnings for last year, surpassing the record $312 million profit aftertax for 1996. Profit for 1999 is expected to more than double to $439 million, or 44.7 cents a share from $180.4 million, or 22.1 cents
      Bloomberg  -  539 words
  • Page 3 Advertisements
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  • SINGAPORE markets
    • 502 4 Stock* Volume CEI5c 29.101,000 STEngg 10c 18,035.000 NOL 13.817,000 Goldtron20c 12,159,000 UracoHldgslOc 10,215.000 MMI Hkjgs 10c.. 8,914,000 SinaTel 15c 8,493,000 CbuanHup 20c 8.338,000 Aztech 5c 8,328,000 IPCCorpn5c 7,965,000 Stocks PacificCentury 142,426,638 VentureMfg25c 77,593,650 SIA 40,206,190 Chart Semiconductor 26c 37,462,276 DBSGrp 35,054,283 STEngg 10c 33,383,494 SPH 31,174,600 UOB 29,224.064 TACBt***** 27.566.196
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    • 563 4  -  l-l i comment STOCKS r.sivanithy LOCAL stocks had the ground swept out from under their feet yesterday following massive dives in North Asia's leading markets of Japan and Taiwan. With the S&P 500 futures contract trading weaker during Asian hours
      563 words
    • 349 4  -  I-li comment CURRENCIES larry wee CURRENCY markets carried over a slightly better tone versus the US dollar from Friday in Asian trading yesterday, despite another record high for Nasdaq stocks on Friday, and a worse-than-ex-pected fourth-quarter Japanese growth number released yesterday. The Japanese
      Source: Reuters  -  349 words
    • 190 4  -  WARRANT WATCH By R Sivanithy ALTHOUGH there are signs that the technology rally may be coming to an abrupt end, experience has shown that if Nasdaq rallies, then world markets tend to follow suit. Of course, Nasdaq's rallies over the past few
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    • 253 4  -  HOT STOCK By' Wong Wei Kong SHARES of Aztech Systems Ltd fell yesterday in heavy trading, with the stock finishing among the session's most active stocks. The shares lost two cents or 3.7 per cent to 51.5 cents. The stock opened at 54 cents
      253 words
    • 121 4 CSC Holdings will be holding its extraordinary general meeting on March 28 at 9 am, at 67, Sungei Kadut Drive, S'pore (*****7). OCBC will be going ex-dividend on May 4. The last day for buying-in on a cum basis is May 9, while the date payable is May
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  • Page 4 Advertisements
    • 61 4 /eProjectWork.com The Global Services Skills Exchange jk We are Asia's First and Only Global services and skills exchange. jtßr Our unique engine helps to match the best person to your sourcing needs, thus freeing you to focus on your core competency. ft? V: -V Let eProjectWork.com do the search... Click
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  • SINGAPORE news
    • 662 6  -  Access to SingTel's submarine cables another headache By I Catherine Ong, Teh Hooi Ling GOING up against a strong incumbent is never an easy task. Ask Terry Clontz, chief executive officer of Star Hub. In an interview with BT yesterday, Mr Clontz recounted
      CHRIS LOH  -  662 words
    • 552 6  -  debate More precincts picked as economy recovers, costs fall By] Marissa Chew THE Housing and Development Board will step up its upgrading programme this year in light of the improving economy as well as lower costs for upgrading works. Minister for Na- tional Development
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    • 557 6  -  Another EOGM is to be called so that application can be resubmitted By Kalpana Rashiwala THE Strata Titles Board (STB) has dismissed an application by the majority owners of Mandalay Court seeking an order for sale of the
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    • 317 6 THE government will tighten further the number of foreign workers allocated to the construction industry in a bid to raise productivity in that sector. Minister of State for Manpower Othman Haron Eusofe said in Parliament yesterday that the Man-Year Entitlement (MYE)
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    • 333 6  -  By i Christopher Tan OIL major Caltex expects its share of pump sales here to rise significantly on the back of new products. The company, whose 12 per cent share of pump sales trails its 14 per cent share of station sites, has
      CHRIS LOH  -  333 words
    • 383 6  -  Insurer says it's hiring both agents and corporate staff By I Siow Li Sen, Ling Su Ann THE six-month ban on American International Assurance Singapore from recruiting new agents appears to have been lifted. In response to a query from BT, AIA issued a
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    • 254 6 SINGAPORE Telecom wUI be introducing a new Internet voice solution, Click2Reach, as part of its move to tap the growing Internet telephony market. Currently under trial and expected to commence in June, Click2Reach will enable companies to offer online customer service and support
      254 words
    • 305 6  -  I 3on the economy jobs By Marissa Chew THE job market just keeps getting better and better the total number of recruitment advertisements in the newspapers rocketed 116 per cent in February, the largest jump since March last year. The job ad figures from Singapore
      Source: SPH  -  305 words

  • MAIL bag
    • 349 7  -  Fong Yong Kian Director (Taxation) Ministry of Finance DENIS Distant ("Why the discrimination, IRAS?" BT, Mar 3) commented that the tax treatment for share buybacks through Special Trading Counters (STCs) discriminates in favour of the higher income earners. He questioned why there is the
      349 words
    • 273 7  - Why so much fuss over use of CPF for education Narayana Narayana Singapore AS Dennis Ng correctly says in his letter of March 6 that when the Central Provident Fund was first introduced in 1955, its only objective was to ensure that contributors were assured of a lump sum when
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    • 324 7  -  el,3 Wu Pei Tong Singapore via Internet IN Catherine Ong's article "DBS setting benchmark for GLCs" (BT. Mar 8), it seems that a lot of credit had been given to John Olds for turning DBS around and helping the share price
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    • 240 7  -  Seow Eng Ghee Singapore I READ with great interest the column by Toh Han Shih on "Can IPC be a successful e-commerce player?" (BT, March 9). Since the company ran into heavy debt, the management has been trying to salvage the situation by taking
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    • 239 7  -  Yap Hwee Kheng Singapore via Internet YOUR Hock Lock Siew commentary on Aussino.com ("Aussino.com proving that dot-coms can produce profits and grow", BT, March 2) is misleading. Putting a Web site to do e-com-merce does not automatically make a company attractive to investors. Yes, Aussino.com
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    • 95 7  -  K Ramachandiran Singapore I REFER to the editorial "Ibra must change course" (BT, March 8) concerning the failure of the Indonesian Bank Restructuring Agency to perform to expectations. Indonesia may well go the way of China and India in allowing "sick industries" to flounder and rot.
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  • Page 7 Advertisements
    • 136 7 You can e-mail us at btfetterQsph.com.sg or fax us at *****71, or mail your letter to The Business Times, Times House, 390Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number. A -C- fl v >■-*£■'■■+ f. No franking either, when you use TNT. Just leave
      136 words

  • FOCUS property
    • 668 8  -  l-i comment PROPERTY Who will turn out to be correct CityDev the bear or DBS Land the bull? lee han shih IT is not everyday that Singapore's two biggest listed developers openly contradict each other. But it is happening now between City Developments and
      668 words
    • 214 8 Bloomberg [TOKYO] New condominiums for sale in the Tokyo area rose in February amid expectations that low-rate loans and tax breaks would attract more homebuyers. Developers put 9,503 new condos up for sale last month, a rise of 38.8 per cent from
      Bloomberg  -  214 words
  • Page 8 Advertisements
    • 484 8 CALROSE GARDENS SITE NEAR YIO CHU KANG MRT FOR SALE BY TENDER Address 501-511 H '"*>•*< Yi° Chu Kang Road 3 Land Area 27,996.9 sqm (301,358 sq ft) jS/\\ Tenure Freehold n x s Planning "Residential" Zoning L Cm /a\Parameters 1.4 Plot Ratio reT" Up t0 4 storeys I AWBA\
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    • 272 8 Lost if our pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATJS. Buy h. Sdl h. Find h. iJjateeiw QOfyiavfonevU Tenure Frsshold f /O Plotßotio 1J L 'jif /k\ Height :Upta 30 Storeys lla'ilu C \V\ Land Area 14,421 s+ft District 11 Near Offices, Shopping
      272 words
    • 184 8 I AMARA CORPORATE TOWER I BruiJ New 12-Storey Office Tower at 100 Traj Street Floor Area from 900 sq ft onwards. Approx. total lettable space of 50,000 sq Close proximity to Tanjong Pagar MRT Taxi Stand and Bus Stop. Close to Banks, Post Office, Shops and Food Outlets. Ample Parting
      184 words

  • e News
    • 593 9 FRANKFURT Siemen's unit v&lned at 53b euros at trading debut, could be part of DAX index Reuters, Bloomberg SHARES in German computer chipmaker Infineon Technologies surged 140 per cent at their bourse debut yesterday in what it called the largest flotation
      Reuters,; Bloomberg  -  593 words
    • 428 9 NEW YORK CITY Av&n&de will offer services, technology based on Win 2000 Reuters, Bloomberg ANDERSEN Consulting and Microsoft Corp yesterday said they had agreed to a US$l billion (Ssl.7 billion) pact to form a joint venture and expand their existing relationship to offer
      Reuters,; Bloomberg  -  428 words
    • 370 9 LONDON AFP FT BRITISH mobile telephone giant Vodafone Air Touch has held talks aimed at sealing the purchase of 25 per cent of the Finnish telecoms firm Sonera, the London-based Sunday Times reported. According to the report, Vodafone is the
      AFP; FT  -  370 words
    • 264 9 NEW YORK Reuters INTERNATIONAL Business Machines Corp (IBM) and telecommunications equipment maker Motorola Inc said yesterday they are creating software to enable mobile workers to access corporate databases and e-mail via wireless devices, such as cell phones and wireless laptops.
      Reuters  -  264 words
    • e Briefs
      • 99 9 Reuters [NEW YORK] 12 Technologies has agreed to buy Aspect Development for US$9.3 billion (5515.8 billion) in stock in a deal that is likely to strengthen the software makers's presence in the electronic commerce market, the Wall Street Journal reported yesterday. Under the
        Reuters  -  99 words
      • 77 9 Bloomberg [LONDON] Prudential said its Egg online banking unit plans to start selling 169 mutual funds from 12 different companies over the Internet, the first comprehensive "fund supermarket" for UK investors. Egg Investments will offer funds from some of Britain's biggest fund managers, including Merrill
        Bloomberg  -  77 words
      • 69 9 AP [WINDOW ROCK] Navajo Nation President Kelsey Begaye, with instructive help from Bill Taylor of Election.com, casting his vote for the Arizona primaries last Thursday using the Internet at Veteran's Memorial Park in Window Rock, Arizona. The tribe is currently working with the Bill Gates Foundation
        AP  -  69 words
      • 87 9 Reuters [LONDON] Now there's a Web site for the man who has everything—except a life. Promising to free its readers from the pressures of trying to be "in and trendy", www.dullmen.com reviews dull books, tells dull jokes and lists dull events for every month of
        Reuters  -  87 words
    • 382 9 SEATTLE Bloomberg AT 36, Amazon.com founder Jeffrey Bezos has an estimated net worth of more than US$7 billion (Ssl2 billion), a growing number of customers and a place in history as Time magazine's 1999 "Person of the Year". What more
      Bloomberg; FILE PHOTO  -  382 words
    • 756 9 SAN FRANCISCO In new terrain of dot-coms, start-ups serve as labs for bigger fish NYT IN the traditional business world, many people are quitting to join an Internet company. But those already at Internet businesses are also leaving, jumping to dot-coms that are little
      NYT  -  756 words

  • EDITORIAL & opinion
    • 785 10  -  mm bottom line OPINION leon hadar The writer is BT's Washington correspondent PRINCE Albert Jr the Wonk and Prince George W the Compassionate have beaten the challenges from John McCain and Bill Bradley, and are ready to be crowned their parties' presidential nominees.
      785 words
    • 117 10 The pornography industry is virtually the only employer that pays women very much better than men.' Germaine Greer feminist, on equal wages. 'I am curious to see what sort of response there is and whether this is the future.' Stephen King writer of horror fiction, who decided
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    • 663 10 EDITORIAL GIVEN the past conventions, the continuing dispute over who should lead the International Monetary Fund (IMF) is no surprise. But such a power tussle is both out of sync with the times this is the dawn of a new millennium —and a huge waste of
      663 words
    • 850 10  -  An e-cnstomer may be even less loyal than an old economy one, as it's so easy to shop aronnd online Michael Lewis Michael Lewis, the author of 'The New New Thing', is a columnist for Bloomberg News. His opinions are not necessarily
      Bloomberg; FILE PHOTO  -  850 words
    • 832 10  -  COMMENTARY Few people have original ideas, but firms can encourage creative effort By John W Hunt John W Hunt is professor of organisational behaviour at London Business School and is a consultant to public and private sector clients FT DEAR Professor Hunt I have just
      FT  -  832 words

  • MALAYSIA news
    • 541 11  -  Divestment also involves Renong selling 12.25% stake in Commerce Asset From'. Eddie Toh in Kuala Lumpur UNITED Engineers Malaysia will undergo the complioated task of listing its highway operator Plus to raise at least 3.75 billion Malaysian ringgit (Ssl.7 billion) instead of
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    • 471 11 KUALA LUMPUR Bernama ACTION has been taken against 17 companies listed on the Kuala Lumpur Stock Exchange (KLSE) under the Securities Industry Act, the Dewan Rakyat was told here yesterday. Parliament Secretary for the Ministry of Finance Hashim Ismai said one
      Bernama  -  471 words
    • MARKET moves
      • 62 11 DiGi Swisscom the cellular operator of Malaysian tycoon Vincent Tan surged 2.40 Malaysian ringgit to RM10.70 following news that it has tied up with Internet giant Softbank Corp of Japan. Softbank will buy a 3 per cent stake in DiGi from Mr Tan for RMIB7 million (5583.9
        62 words
      • 57 11 LITTLE-KNOWN Linear chalked up 60 sen to RM7.10 on vague rumours it was talking to Li Ka-shing on a possible Internet tie-up. Linear is probably hoping it could emulate the Hongkong tycoon's success in the listing of Tom.com, a portal that is still under construction but has attracted
        57 words
      • 57 11  -  Compiled by Eddie Toh GEMTECH Resources tumbled RM2.35 to RM9.55 yesterday after its incredible run last week. Some investors decided to take profit as the new major shareholder Tong Kooi Ong of PhileoAllied Bhd has yet to announce his plans for his new vehicle. Needless to say,
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    • 569 11 KUALA LUMPUR He denies that Umno elections are delaying talks MALAYSIAN Prime Minister Mahathir Mohamad urged Singapore yesterday to compromise so that several issues between the two countries can be settled. "Issueg get difficult to be resolved if we are the ones
      569 words
    • 247 11 KUALA LUMPUR Bernama HONGKONG-based Star East Holdings Limited is seeking strategic partnerships with Malaysian companies in its effort to expand its regional entertainment business via information technology. Star East Information Technology Corp chief executive officer Phillip Wong said Star East was in discussion with
      Bernama  -  247 words
    • 224 11 KUALA LUMPUR So far it has only one listing since it started a year ago Reuters MESDAQ, the Malaysian exchange focusing on growth and technology stocks, said yesterday it was looking at an average of one listing application a month. Mesdaq so
      Reuters  -  224 words
  • Page 11 Advertisements
    • 372 11 Ballroom, Hilton Singapore Thursday, March 16, 2000 Viewing time 10.30am-12 noon Auction sale From 12.15pm I Edmund and Shukor have just returned from a successful trip sourcing from the vast weaving regions of Central Asia to bring you an outstanding collection of silk carpets including a rare and collectible Qum
      372 words

  • Page 12 Advertisements
    • 82 12 I DBS introduces I I a revolutionary way I I to pay by card, I I wherever you are I I in Singapore. I DBS presents a new wireless GSM card-swipe that makes portable credit and debit card transactions a reality. It will radically change how you shop and how
      82 words

  • SOUTH east asia
    • 600 13 MANILA His lawyers have also asked court to void decision on damage gait Reuters A PHILIPPINE businessman has asked the Court of Appeals to stop further investigation by the stock exchange into allegations linking him to a price fixing scandal that
      Reuters; FILE PHOTO  -  600 words
    • NOTE Book
      • 72 13 AFX-Asia {JAKARTA] Indonesian President Abdurrahman Wahid (Gus Dur) said he will take legal action to force PT Harawi Sekawan, a company he once headed, to change its name amid rumours it is using its association with him to build its business ties.
        AFX-Asia  -  72 words
      • 58 13 Reuters [JAKARTA] An object pierced a window in Indonesia's Parliament yesterday, a few minutes after the youngest son of former president Suharto passed it on his way to give testimony. Police said it was unclear whether the object was a bullet. "We cannot make any conclusion.
        Reuters  -  58 words
      • 77 13 Bloomberg [BANGKOK] Thailand's total bad loans were little changed in January from December, as some companies which had debt terms eased last year missed payments, analysts said. Delinquent loans on Jan 31 from all creditors in Thailand were 38.7 per cent of the total,
        Bloomberg  -  77 words
      • 61 13 Reuters [HANOI] William Cohen arrived yesterday in Vietnam, the first US defence secretary to visit the country since the end of the Vietnam War in 1975. Mr Cohen is expected to hold talks with cautious Vietnamese leaders on developing modest military ties, perhaps in non-combat
        Reuters  -  61 words
      • 71 13 AFX-Asia [MANILA] The Philippine central bank has allowed shares of profitable listed companies as collateral for restructured loans, deputy director Cyd Amador said. The shares will be considered "first class" collateral, he said. The shares should be from a corporation with a net worth of
        AFX-Asia  -  71 words
      • 56 13 Reuters [JAKARTA] Indonesia's attorney-general's office expects to summon generals implicated in last year's violence in East Timor as it steps up its investigation of murder and destruction in the territory. "The report from the Timor commission has been submitted and we will step it up
        Reuters  -  56 words
    • 478 13 BANGKOK The Thai IC firm may also list itself on Another market Reuters THAI integrated circuit packer, Hana Microelectronics, yesterday said it was looking at listing its Hongkong subsidiary by the middle of this year on the Nasdaq or
      Reuters  -  478 words
    • 292 13 MANILA AFX-Asia DESPITE last week's turmoil at the stock exchange, the Philippines completed its global bond offer, with oversubscription prompting the government to increase the size of the issue to US$l.6 billion (552.7 billion), Finance Secretary Jose Pardo said. In a statement, Mr Pardo said
      AFX-Asia  -  292 words
  • Page 13 Advertisements
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  • EAST asia
    • 627 14  -  KMT accused of using stock market tactics to influence election in its favour From] Macabe Keliher in Taipei WITH less than a week to go before the presidential elections, Taiwan stocks plunged 6.6 per cent yesterday as the opposition party consolidated its
      AFP  -  627 words
    • SINO Briefs
      • 44 14 Bloomberg [BEIJING] Chinese consumer prices rose on year for the first time in 22 months, as prices for fresh vegetables and services increased. The consumer price index rose 0.7 per cent on year in February.—Bloomberg
        Bloomberg  -  44 words
      • 54 14 AFP UMUJimuj unma nas oacnea aown on controversial regulations requiring foreign companies to reveal encryption software used to make transfers of sensitive information over the Internet. A government statement obtained by AFP yesterday issued a "clarification**, saying cell phones, computer operating systems and other embedded software
        AFP  -  54 words
      • 46 14 Reuters [BEIJING] China's trade surplus narrowed 23 per cent year-on-year in January and February due to surging imports, but the yuan is expected to remain stable, analysts said yesterday. The surplus was USS2.9 billion (554.9 billion) in January and February. Reuters
        Reuters  -  46 words
      • 61 14 AFP [HONGKONG] Talks between News Corp and Pacific Century CyberWorks on the future of a StarTV and Cable and Wireless HKT Joint-venture have started, officials said yesterday. PCCW managing director Alex Arena said the meetings in Hongkong last week between News Corp chairman Rupert Murdoch
        AFP  -  61 words
    • 222 14 HONGKONG AFP CHEUNG Kong Infrastructure Holdings Ltd (CKI), a lo-cally-listed infrastructure vehicle of tycoon Li Ka-shing's Cheung Kong Holdings, said yesterday it had formed a joint venture with Germanlisted Israeli-based On Track Innovation Ltd (OTI) to launch smart card technology in Asia. Both
      AFP  -  222 words
    • 271 14 HONGKONG Bloomberg HONGKONG'S decision to offer easier finance to its online pioneers came as officials and analysts warned against adding fuel to a red-hot stock market. Regulators on Saturday relaxed conditions under which companies can list shares on the Growth Enterprise Market (GEM), Hongkong's
      Bloomberg  -  271 words
  • Page 14 Advertisements
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  • SOUTH asia
    • 363 18 BOMBAY Changes to India's key stock index to take effect on April 10 Bloomberg SATYAM Computer Services Ltd, India's fifth-largest software developer, and Zee Telefilms Ltd, the biggest non-state television broadcaster, may rally after their inclusion in the nation's key stock
      Bloomberg  -  363 words
    • 394 18 BANGALORE It may also extend TV production services to the city Reuters MEDIA conglomerate News Corp is eyeing India's technology hub Bangalore to source computer software and extend its television production services, its chairman Rupert Murdoch said here yesterday. "We were given a
      Reuters; REUTERS  -  394 words
    • 167 18 BOMBAY Reuters INDIAINFO.COM, an Indian Internet portal, is in discussions with state-run Videsh Sanchar Nigam Ltd (VSNL) to offer a stake to the Internet service provider, a senior official of Indiainfo.com said yesterday. "We are still discussing with VSNL to offer
      Reuters  -  167 words
    • 185 18 BOMBAY Reuters INDIAN firms Crest Communications and Global TeleSystems are forming an equal joint venture to offer media network services, the Business Standard newspaper reported yesterday. It said a memorandum of understanding has been signed between the two companies. The firms would
      Reuters  -  185 words
    • ASIA Notes
      • 53 18 AFP [BOMBAY] An earthquake measuring 5.6 on the Richter scale struck south-western India overnight, including parts of Bombay, but there were no immediate reports of casualties, reports said yesterday. Maharashtra state police told AFP they had received reports of a strong tremor hitting Satra, Krad, Patan, Koynagar,
        AFP  -  53 words
      • 76 18 Reuters [NEW DELHI] Indian Oil Minister Ram Naik said yesterday he would discuss an increase in fUel prices with Prime Minister Atal Behari Vajpayee, but did not specify by when a decision would be taken. India intends to increase the price of diesel because
        Reuters  -  76 words
      • 77 18 Bloomberg [BOMBAY] Aptech Ltd, an Indian computer training company, said it will raise up to US$l25 million (***** million) through the sale of shares overseas. The company, which has trained more than one million students to use computers, will sell up to 15
        Bloomberg  -  77 words
      • 68 18 AFX-Asia [BOMBAY] The Tunes group will spm on its internet portal indiatimes.com into a separate company and list it on Nasdaq, the Business Standard reported over the weekend, quoting managing director Vineet Jain. Indiatimes.com is a horizontal (multi-subject) portal with news, weather, jukebox,
        AFX-Asia  -  68 words
      • 68 18 AFP [NEW DELHI] The vast majority of Indians believe US President Bill Clinton's upcoming visit will boost ties and want New Delhi to have closer links with Washington than traditional ally Moscow. A poll in the latest issue of Outlook magazine revealed that
        AFP  -  68 words
  • Page 18 Advertisements
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  • WORLD news
    • 393 19 TOKYO Move seen leading to creation of a bank with abont 104t yen in assets Bloomberg JAPAN'S fourth largest lender, Sanwa Bank Ltd, is in talks to join a planned merger of smaller rivals Tokai Bank Ltd and Asahi Bank Ltd
      Bloomberg  -  393 words
    • 467 19 Inspector Clouseau: your chairman's guilty NYT WARREN E. Buffett is not particularly enamoured of the stocks that Berkshire Hathaway owns, even though they have declined substantially in price. But he has found a stock he thinks is cheap one that Berkshire may begin buying
      NYT  -  467 words
    • 560 20 LOS ANGELES The USs&3Bb deal will create the third largest newspaper company in the US LATWP Bloomberg TRIBUNE Co, the Chicagobased media conglomerate best known for its flagship Chicago Tribune newspaper and the Chicago Cubs, has agreed to merge with Times Mirror Co,
      LATWP; Bloomberg  -  560 words
    • 670 20 Cross-shareholding to speed up industry consolidation FT. Bloomberg [MILAN] Fiat was last night poised to announce a strategic cross-shareholding alliance with General Motors of the US that will further accelerate the consolidation in the world car industry. The deal will also end months
      FT.; Bloomberg; AFP  -  670 words
    • 403 20  -  From Shada Islam in Brussels EUROPEAN Union (EU) finance ministers yesterday rallied around Germany's Horst Koehler as the bloc's new candidate to head the International Monetary Fund (IMF). Officials said all 15 EU governments had given their support to Mr Koehler and
      AP  -  403 words
    • 600 20  -  Prom Anthony Rowley in Tokyo JAPAN'S talks with South Korea, Singapore and Mexico on the possibility of trading and investment agreements could be the start of a process of economic integration with-, in East Asia, a senior Japa-, nese trade official suggested yesterday. This
      600 words
    • 276 21 British Telecom may challenge VodafoneVivendi alliance LONDON FT BRITISH Telecommunications could mount a legal challenge to the high-profile Internet alliance between Vodafone AirTouch and Vivendi that helped seal the world's biggest mobile telephone takeover. People familiar with the matter say BT has been advised that the implications of the Vivendi-Vodafone
      FT  -  276 words
    • 440 21 NEW YORK It will split company into healthcare and financial services companies this year NYT STRUGGLING to keep control of its business, Aetna Inc, the largest health insurer in the US, on Sunday rejected a US$9.9 billion (5516.8 billion) takeover offer and announced
      NYT  -  440 words
    • 259 21 SYDNEY CEO says group will have to move ont of steel and into minerals, petroleum PROMISING investors a continued push out of Broken Hill Proprietary Co's traditional steel business, chief executive Paul Anderson said BHP has up to Aslo billion (5510.5
      259 words
  • Page 19 Advertisements
    • 1415 19 A PERMASTEELISA PACIFIC HOLDINGS LTD (Incorporated in Republic of Singapore) PROFORMA FULL YEAR FINANCIAL STATEMENT 8 Commentary on Current Year Prospects The Directors believe that the Croup has performed well despite the weak market conditions in the industry. Full Year Financial Statement on Consolidated Results for the Year ended 31
      1,415 words

  • Page 20 Advertisements
    • 1165 20 BBS BANK OF NEW ZEALAND Annual Report For The Year Ended 30 September 1999 BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES All amounts are expressed in New Zealand currency. STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL PERFORMANCE As at 30 September 1999 For the year ended 30 September 1999 Consolidated
      1,165 words
    • 6 20 Rotate stewardship of IMF, Pg 10
      6 words

  • Page 21 Advertisements
    • 2207 21 [notices To advertise call toll-free 1800-741 1883 Fax No: 741 129^| P.T. Bank Dagang Negara (Persero) (acting through its Cayman Islands branch) U*****,000,000 Floating Rate Notes due 2001 In accordance with the terms and conditions of the Notes, the rate of interest applicable for the interest period March 10, 2000
      2,207 words

  • FINANCE & commodities
    • 226 22  -  SGX Derivatives Tradln^Reports MS& Singapore Index Daphne Tay, Jardine Fleming THE Singapore stockmarket closed sharply lower yesterday dragged by losses in electronics, finance and property sectors. Worst hit was electronics, which lost 7.8 per cent. The nosedive in key regional markets also weighed
      226 words
    • 295 22  -  MSCX Taiwan fatnres Seow Hock Hin Refco Singapore THE Taiwan Stock Exchange Weighted Price Index fell 617.65 points or 6.55 per cent to 8,811.95 on pre-election worries. This was the biggest fall since a 6.4 per cent slide on July 16 when President Lee
      295 words
    • 163 22 EMERGY REPORT Reuters [LONDON] Oil prices were steady yesterday as dealers awaited fresh signals from the Organisation of Petroleum Exporting Countries (Opec) on its intentions for output policy when an agreement on supply curbs expires at the end of the month. London Brent futures feU
      Reuters  -  163 words
    • 344 22 Reuters London THE US dollar fell yesterday morning, hitting six-week lows against the yen and 11day troughs against the euro as a global downdraft in technology stocks was expected to spread to the US Nasdaq Index. Concern was rife that foreign investors who had been lured into the
      Reuters  -  344 words
    • Article, Illustration
      1276 22 DtTERBAim CEOSS EATBS Mar 13 A$ C$ *mb Ego Ffr 0« HK$ hUta NH* Yon Won W M2$Nli»> Nm S$ twd Sfr MT$ lofct Pmmi USjj Australia 0.893 5.067 0.632 4.147 1236 4.770 26.703 45.351 0.648 6.866 2.329 L243 ***** 25.041 1045 3.918 L0I8 18.848 23.181 0.388 0.6lf Cauda 1120
      1,276 words
    • 1863 22 SICOlt FUTURES Mar 13 RUBBER (Mutm doting *s it 5.30pm) RSS1 CONTRACTS cwtsAq) ClOM VoiWM Open Mont* Hkjh Low Sett (tows) Interest Apr 00 W7.00 May 00 H9.00 Jun 00 122.00 600 Jul/Sep 00 125.50 300 RSS 3 CONTRACT (US c«nts/k9) Volume Open Month Low Sett (tonnes) Interest Apr 00
      1,863 words

  • STOCKS east asia
    • 2818 23 HONGKONG AFP nHangSflng -738J8 HONGKONG share prices dived 4.1 per cent yesterday on regional uncertainties including Taiwan's presidential elections, following sharp declines on the Tokyo and Taipei markets, dealers said. "There are a lot of uncertainties affecting the market," said Alex Tang, research
      AFP  -  2,818 words
    • 1984 23 TOKYO Q Nikkei 225 -W0.47 SHARE prices in Tokyo slumped 2.8 per cent yesterday as investors unloaded high-technology stocks while barely noticing weak economic growth figures, brokers said. The key Nikkei-225 Index fell 560.47 points to close at 19,189.93. The government announced Japan's economy shrank
      1,984 words
    • Article, Illustration
      966 23 Reuters CI Shftnihffli B Index -LOS SHENZHEN'S hard currency B shares closed down yesterday as a fall oft the Hongkong stock market triggered fresh selling. The B Share Index fell 1.03 points, or 1.24 per cent, to 82.37 as turnover slid slightly to HK$25.O million from an already thin
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  966 words
    • 358 23 AFP □WPlpfcx 4TM6 TAIWAN share prices plummeted 6.6 per cent yesterday in what analysts described as orchestrated selling to sway voters away from indepen-dence-aligned presidential candidate Chen Shui-bian. The stock market closed down 617.65 points at 8,811.95, nearly touching the daily permitted 7 per cent limit set by the
      AFP  -  358 words
  • Page 23 Advertisements

  • STOCKS klse
    • 439 24 A FX-Asia, AFP n Composite Index -1226 MALAYSIAN shares closed 1.3 per cent lower yesterday due to quick profit-taking and in tandem with falls across the region, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 12.26 points at 935.83. The Second Board
      A FX-Asia,; AFP  -  439 words
    • 8944 24 INDUSTRIALS Consumer proivcii 200C Last Vol Day Net Cap High Low C»«)wy Sate 'OOP H*g« Law P/t $<w* 420 310 AJindhioto 356 22.6 144.3 158 91 Angkasa 107 -10 294 123 107 157.8 466 290 Apollo Food Hlq 458 14 69 466 4S0 10.9 183.2 2975 2700 BAT 50C 2800
      8,944 words

  • SGX clob & regional stocks
    • 3415 25 BOHDS WARRANTS Mar 13 n M h*n J*** t<t MCm bar Mk Mm N* la. Maa Cim Safe «ar- COM) U» *ayar M> Mn IhM Mk Mo taartatf LM 104 125 S 3160 A Actr W*****1 OSS 44.SM 1 311 1 156 66 i67 16 80 16.5 s 3164 Acma
      3,415 words
    • 308 25 AFP C 3 Composite Index -3&70 THE Korea Stock Exchange Index closed down 36.70 points or 4.1 per cent at 854.66. Volume was 362.1 million shares worth 3.9 trillion won. —AFP Mir 13 Won Arum Soml ***** 100 Br«MT«c«l 2350 225 Contr* Mr* .2600 -60 ChoHComm *****0 -***** Dm
      AFP  -  308 words
    • 290 25 AFP Q Composite Index -18.66 THE Philippine share prices closed 1.1 per cent lower yesterday on negative sentiment triggered by a new round of domestic oil price increases amid a securities scandal, brokers said. The Philippine Stock Exchange Composite Index fell 18.66 points to 1,602.96. —AFP NW *h rtow
      AFP  -  290 words
    • 281 25 AFP □NZSE-40 -1L47 THE NZSE-40 Index fell 0.6 per cent or 11.47 points to 2,009.27 on turnover of NZ$5O million. Air New Zealand's A ordinaries shares jumped 14 NZ cents, or 8 per cent, to NZ$l.95, and its B shares 25 NZ cents, or 12 per cent, to NZ52.35.
      AFP  -  281 words
    • 593 25 AFP C 3 All Ordinaries -9.2 AUSTRALIAN shares slipped 0.3 per cent yesterday as a result of weakness in some blue chip stocks and negative indicators from Wall Street last Friday, brokers said. The benchmark All Ordinaries Index finished 9.2 points down at 3,190.3. The All Industrials Index fell
      AFP  -  593 words
    • Article, Illustration
      804 25 AFP d SET Index -1125 THAI shares lost 3 per cent yesterday as investors reduced high-risk positions ahead of a bankruptcy judgement on Thailand's most indebted firm, dealers said. The Stock Exchange of Thailand Index was off 12.25 points, or 3.04 per cent at 390.15, off a high of
      AFP  -  804 words
    • Article, Illustration
      672 25 AFP C 3 Composite Index -8.60 JAKARTA share prices closed 1.4 per cent lower yesterday on regional market falls and profit-taking after shares had risen in the past three days of trading, dealers said. The share prices fell amid sharp decline in Taiwan stocks which put further pressure on
      AFP  -  672 words
  • Page 25 Advertisements

  • 8556 26 SGX MAINBOARD Transaction date: Mar 13 Or Or M Wt 52-Wk Last Vol Day Last Ouott Olv Otv YM Nat Cap A»a Hm> Law StWa Company SaH COOP) Mlfh Law Buff Ufr Cvr P/t >"* MULTI-INDUSTRY 182 69.3 m c 1000 Acma 50c 135 -4 341 143 132
    8,556 words
  • Page 26 Advertisements

  • Page 27 Advertisements
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  • Page 27 Miscellaneous
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    • 226 27 CRYPTIC CROSSWORD ACROSS 5 American composer taking up 1 Years of training to produce c S e f cheap pinstripe (14) 6 One who exhawas Engteh pohto--10 Works both ways taking valuable g*" tur? That could be challenged! "EST"*"—"** 14 Ratfish Authority providing tun 13 Cut a way through the
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  • KNOWLEDGE economy
    • 1486 28  -  The knowledge economy is not the tech economy, not the info age. It's about harnessing people's intellectual capability, a visionary tells ammatbo ANNA TEO Back in 1987, way before there was any particular focus on (nor understanding of) terms like "knowledge economy" and "intellectual capital", Debra Amidon
      SIEW YAW HOONG  -  1,486 words
    • 939 28 Level playing field allows developing nations to leapfrog to knowledge economy THESE days, just about every country, including developing economies, wants to be a knowl-edge-based nation. But mark her words, Debra Amidon suggests the developing countries can, and will, leapfrog from being largely agricultural societies to knowl-edge-based,
      939 words
  • Page 28 Advertisements
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  • SHIPPING TIMES
    • 265 29 Bridge News Reuters THE dry cargo freight market saw capesize rates appreciate again worldwide but the recent rise in Panamax levels appeared to pause on Friday, brokers said. There were also signs of increased activity in the Atlantic in the chartering of handysizes, they added. The Baltic Dry
      Bridge News; Reuters  -  265 words
    • 15 29 3|i?T,,.,' s -S3 mo s 1 *»Si. T«J TEf W*&«zz:!:S SS Source: BRIDGE
      15 words
    • 466 29  -  Reviving oil prices add pressure as conferences review current surcharge Byi Ann Toh [SINGAPORE] Another round of bunker surcharge increase is forthcoming in the Europe-Far East trade, as oil prices continue to show fresh resilience. Benchmark Brent crude stood at 2
      466 words
    • 312 29  -  From] David Hughes in London BERMUDA-registered tanker shipping company Frontline has bought a 15.8 per cent stake in UK-based VLCC and bulk operator Golden Ocean in the hope of winning the management of the firm under its restructuring plan. The U5546.75 million (5179.7
      312 words
    • 125 29 Bloomberg [BRUSSELS] The European Commission said it raided the European offices of six Asian shipping companies recently to investigate possible price fixing. The raids were carried out on Feb 29 and March 1 at the Hamburg or London offices of Cho Yang Shipping,
      Bloomberg  -  125 words
    • 243 29 [SINGAPORE] Malaysian prime minister Mahathir Mohamad yesterday officially declared open the Port of Tanjung Pelepas, the second port in Johor, saying that it will be a catalyst for Malaysia's economic growth particularly in south Johor. He said the 2.4 billion Malaysian
      243 words
    • SHIPPING news
      • 533 30 Northern Ireland's Harland Wolff faces closure after losing £400 m order to French yard FT [DUBLIN] Northern ireland's economy suffered a blow when the shipyard that built the Titanic lost its bid to build a new Queen Mary cruise
        FT; AP  -  533 words
      • 305 30 Bloomberg [AMSTERDAM] Royal Boskalis Westminster, the world's biggest dredger, is focusing on its intended buy of Hollandsche Beton Groep (HBG), said finance director Roel Berends, denying reports of an imminent bid for Belgium's Deme. Boskalis plans to offer about 700 million
        Bloomberg  -  305 words
    • 158 30 PACE DSft-Senator 4 ACl 6 AMI 3 8 i Accord 8 Don 9 Mn 3 Appensftip 5 7 Austral BaianShw 5 ECUUne 6 KA j Emorfw 6 B'tang Mas 8 F0CB,Sun 8 "J/ «U* 4 tCW »7 a CHA 8 2T- C0SC0 5 HanJ 3 CSA 3
      158 words
    • 18294 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vtsul Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Desfn Heme Heme Wumtog___Numg«r 04/04 M/04 Djak Lloyd POMO BRISBANE MS 45-*****7 To ABIDJAN (ABJ) 2003 Cota D'lvoira To BUENAVENTURA (BUN) 2059 Colombia 22/03 29/04 COSCO
      18,294 words
    • SHIPS IN PORT
      • 683 41 Vassal Voy Mo Brth Arrival Departure JUKI 102 Jm m 'jot 13/03/0:45 13/03/23^*0 Sac CMrtcor *****0 J12 13/03/6:25 13/01/19:00 Phu y«i l 2 J03 13/03/7 J5 14/03/8:00 C Proqrtu U HAJI JOT 13/03/945 13/03/1500 Kmtram Xar RMR02w J16 13/03/1045 13/03/15 00 Hn« luvm s FU-00 J13 13/03/8:55 13/03/23:00
        683 words
      • 1824 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookliq/Bolonco Rstls snip Voy Mo Etb/Btr Ptflod From To From »aww om m/*oo u ;v»®o umst u/ijoo V 13/1900 13/1*59 13/1900 Mrnrn mi amm um« uSS arm U/1900 U/1659 IWW a U/1700 M/0659 M/0900 It 0/1 mo M/0659 14/0900 M/0T00
        1,824 words
      • 206 41 Marll Indonesia: Hari Ray a Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Brunei: Hari Raya Aidiladha. Mar 17 United States: St Patrick's Day Bank Holiday (Northern Ireland). MarlS Taiwan: Market Holiday for Presidential Election. Mar 20 Japan: Vernal Equinox Day. Apr 3 Taiwan: Women Children's Day.
        206 words
      • 805 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        805 words
      • 423 41 Carton 180 Mai 992.2 0.9 15.9 0.10 75 0.05 a mm Watmr Hsidu# Uk AluuMfltum jtiltrt No ibovc C25 1 0 1 0 52J SZ2Z ZZZ- 380 Ave 988.1 0J 13.7 0.06 48 0.02 380 Mu 998.9 5.9 17.5 0.M 270 0.07 It/in %in %UM %M/M
        423 words
    • AIR & LAND transport
      • 441 42 Dasa, its German partner in Airbus, has yet to receive nod for USsl-5b loan Bloomberg [LONDON] BAE Systems pic, one of four partners in European planemaker Airbus Industrie, won a £530 million (Ssl.4 billion) loan from the UK government towards the
        Bloomberg  -  441 words
      • 55 42 [BEIJING] Delegates of the National People's Congress admiring the panda figures painted on the body of the new MA6O airplane produced by the Xian Aircraft Industry Co yesterday in Beijing. The propeller-driven 24-metre long and eight-metre high MA6oplane, with 60 seats, marks China's ability to manufacture
        XINHUA  -  55 words
      • 504 42 Bloomberg [LONDON] British Airways pic needs a new chief executive who can act without alienating employees as it sticks to his strategy of cutting back capacity while wooing business travellers, industry experts say. Europe's biggest airline on Friday fired CEO Robert Ayling as
        Bloomberg; FILE PHOTO  -  504 words
      • 318 42 FT [BRUSSELS] The US was given till yesterday by the European Union to respond to an offer for a deal on aircraft noise or face the implementation of laws which Washington says will severely harm US industry. The warning came ahead of
        FT  -  318 words
      • 349 42 60% of profit to come from cargo operations with 40% from passenger traffic: vice-president AFX-Asia [SINGAPORE] EVA Air said it sees revenue from its cargo operations contributing about 60 per cent to total revenue with the remaining 40 per cent coming from passenger traffic in
        AFX-Asia  -  349 words
      • 1420 42 an FU6HT ET* FUtHT no W4579 2359 AdataMa BA7381 1930 8*7382 2050 I :_80MW_2W Of81 1930 0f82 2050 FjM SOW* 840 SMM 0B» **221 2230 nimitin S0803 1910 C23S4 0910 IH6380 2230 CZ351 20*5 SOKM 106 saa 2230 H«K>| **741 I3K VH740 1410 *aaUrtW KL0843 0525
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    • 566 30 1 WHAT'S NEW! Keep on this spot for new services/clients. Fond-Day scfieduU to JPH, TWN, HKG, PHL (Aeeapling FO» toCambodw/C^>u/S«xioi/Moii/Hk»/Hiro*Kimo/S«n/Nw! OUTIOUNO [VOY JKT WQ.[ Wu[ MM WNlj HK» 1 KB. [KHH|O«AITYO)YO«IYKK)»MZ \HOO\iX» mu HowMowc mm im i*-M 21.03 UYgBISa lOTBS S4QM HJJ tin mm mm \*m mm jwo ojm um
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    • 138 30 Lines services represented by Members of the Registry of Accredited Shipping Agents, vSy S'pore Nohoool Shipping Assoc 11| ULY UNE MALE Ivissfi voy Ilu fIS m P. KLAMG SPOII lUU Princess Lily VO2OO 13/03 14/03 22/03 Empress Lily VO3OO 29/03 31/03 07/04 Princess Lily VO3OO 12/04 16/04 23/04 Empress Lily
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    • 6 30 Members of the Singapore Logistics Association
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    • 1903 36 INDONESIA NATIONAL LINE TO AUSTRALIA I WIU.OOITONCTBEIMCg v* wt m m m no m m m m mwanr m u/nu/n n/n */w a/u »/n mwu "ST M/nn/n Ji/« «t*i m/w ~v~j* Msuati "m~ n/on/n KM ■BMW K 13/04 04/04 14/ M It/M 10/04 11/04 J_ FEEDER SERVICE TO INDONESIA va
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    • 61 39 New Advertisers/Services/Agencies "(gj> STL CONTAINER LINE For Services To Vietnam Calcutta Mon/Wed/Fri Pg 6 STANDARD SHIPPING AGENCIES PTE LTD Offers Weekly FCL/LCL Services To EAST MALAYSIA PORTS DETAILS Pg 8 Isbb\ kyowa line Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily Wallenius Wilhelmsen New
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  • Page 41 Miscellaneous
    • 121 41 teli '(^ije.^ LEGEND: Issued by Meteorological Service Singapore Thunderstorm o a j n Temperature wind direction and speed in knots Weather w Cloudy Day Sea Conditions Wind speed symbols I I Slight. < 1 .2m O Full circle w/o line indicates calm or light and variable winds hall fleche represents
      121 words