The Business Times, 9 July 1996

Microfilm: NL20621
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, JULY 9,1996 85c
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  • Article
    MARKET SUMMARY
    55 1 riitn Wm 222L31 (-37.65) JF% BTOOMP BJI 2M&A (-22.60) Bm* M M 91.77 (-24.54) EST*™ 00 BJBEOMff 1.129X7 ,181 NIKKEI tUMM -N7.48 BANG 8B9G IM*« —-K7.08 8CT INDEX *****7 -H7J JAKAITA COUP I718J lit MANILA OOMP 4414 TAffH wn UT744 4U$ 8SPULOOMP ***** CLSA CHINA B 7*142 134
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  • Article
    FINANCE
    50 1 jMAMBIAnS USS 81 ffe* UM I LHt KM MB MI4 YBIM UK 1.276 m. mm 9M7 w$— 1» tin ■ACT MM MM urn/mm oms mm SmAKKST 6.44 MiARA IZZZIImM IANBXOK 1176 gAMLA..: 14.56 BOWKONO 8.71 mm it.75 waft IM Average oflZbuiu. "Ploal Ccatni huk fiaeamt rates (Source: NatWest Bank)
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  • Article, Illustration
    Lock icon Fear of US rate hike gives Asian bourses the chills
    592 1  -  Shares plunge in HK and Tokyo while STII slides to year's low By 1 R Sivanithy [SINGAPORE] The cold winds of rising US interest rates and inflation worries yesterday blew through the region's stock markets, chilling investors who pushed prices
    Source: Bloomberg  -  592 words
  • Article
    Lock icon Dow up 4
    73 1 Reuter [NEW YORK] Blue-chip stocks rebounded slightly yesterday as bargain hunters surfaced after Friday's selloff on concerns that strong job growth could prompt the Federal Reserve to raise interest rates. At lpm EDT, the Dow Jones Industrial Average was up 4.06 points at 5,592.20, steadying after Friday's
    Reuter  -  73 words
  • Article
    S'pore prime rate rise unlikely
    453 1  -  Banks in no position to hike rates in present market: analysts By Ven Sreenivasan [SINGAPORE] Singapore banks are not expected to raise their prime lending rates despite recent rises in local interbank rates and possible hikes in US interest rates during the second half of
    453 words
  • Article
    Ardmore Park sales slow down with just 8 units taken yesterday
    552 1  -  29 units still unsold but Marco Polo says it has 4 other offers By. Abdul Hadhi and Michelle Low [SINGAPORE] The Ardmore Park condominium, for which people lined up last week in the hope of selling their places in
    552 words
  • Article
    Clarification
    57 1 Our front page story yesterday, headlined "Queue system and good ethics don't mix: Yeo", quoted remarks made by Trade and Industry Minister Yeo Cheow Tong about the queue system at private property launches. The Ministry of Trade and Industry yesterday clarified that Mr Yeo was referring to a good
    57 words
  • Article
    Pare Palais to be priced at $700-$750psf
    248 1  -  CityDev said to have set prices $100psf lower than intended By\ Michelle Low [SINGAPORE] City Developments will market its last Hume Park project the freehold Pare Palais at a public launch on Friday at $700-$750 per sq ft, or some $100 psf lower
    248 words
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      109 1 I J yyOwiMmUwrf Among its first order of business is the launch of three programmes to help members go regional, Pg 5 i MM TITJTB thispg. More volatile movements wanted. if the Singapore stockmarket is to emerge from its inertia. jpritafc thispg. Rising tatarbank rates good for kical banks as
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      18 1 Is the US in for a bear market cycle? The performance of the region 's markets, Pg 2
      18 words
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      Page 1 Advertisements Column 3
      31 1 ml MaU&uy^rSingapore Paragon. Sunter City Mall. Daimaru. Isetan Orchard. Isetan Scotts, Sogo Raffles City. Takashimaya kuala l.umpur Star Hill Shopping Centre. KL Hilton. Sogo Pernas Jakarta Plaza Senayan. Sogo Plaza Indonesia
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  • FOCUS: THE DOW SYNDROME
    • Article, Illustration
      Lock icon Telekom sell-down adds to M'sian turbulence
      379 2  -  Cranter riuwi bit Maybank, Grating falls pttshtadaiewn From Ruth Wong in Kuala Lumpur JITTERS over a looming US rate hike sent the Kuala Lumpur stock market plunging to a near five-month low in early trading yesterday. Not helping the situation was a Telekom sell-down,
      REUTER  -  379 words
    • Article, Illustration
      Lock icon Setting free the bears?
      531 2  -  Some analysts worry that the [tow's plunge may mark start of the long-awaited bear market cycle from. Leon Hadar in Washington There are growing concerns in Wall Street and Washington that Friday's depressing showing by the financial markets the Dow Jones Industrial Average plummeted 114.88 points
      Source: Bloomberg  -  531 words
    • Article
      Nikkei doesn't fare too badly
      406 2  -  US developments seen affecting yen/dollar rate mere than equities From Anthony Rowley in Tokyo TOKYO stock prices dived in sympathy with the fall on Wall Street. But the drop was not as bad as feared and it appeared last night that the impact of economic
      406 words
    • Article, Illustration
      Lock icon Hang Seng in biggest fall in 4 months
      328 2 Reuter [HONGKONG) Stocks posted their biggest loss in nearly fouf roortf h§ yesterday as renewed fears of rising interest rates drove investors out of the market. The benchmark Hang Seng Index fell 287.08 points, or 2.57 per cent, to 10,890.05, its worst
      Reuter; AFP  -  328 words
    • Article
      Concern over US rates and Suharto hits JSX
      262 2  -  Prom S N Vasuki in Jakarta A DOUBLE-WHAMMY in the form of concern over the direction of US interest rates and the health of President Suharto pummelled the Jakarta stock market yesterday. Shares fell across the board for the third successive day
      262 words
    • Article
      US fall adds to Thai market's woes
      337 2  -  But investors on sidelines because of local conditions From, Alan Boyd in Bangkok THE Stock Exchange of Thailand (SET) did not need much incentive to follow other markets downwards, after struggling for weeks against poor trading sentiment. Although analysts said yesterday's 16.72 point
      337 words
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      220 2 H YOU WONT Cold Dish Combination Variety Cold Dish Braised Shark's Fin with Crab Roe Braised Shark's Fin with Crab Meat FIND MORE Fried Chicken in Plum Sauce Roast Suckling Pig H AUTHENTIC steamed .w*, H Fried Prawns in Pepper Sauce Sliced Goose Meat TEOCHEW Sliced Goose Meat Fried Prawns
      220 words
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      Page 2 Advertisements Column 2
      31 2 For Home or Office deliveries of: The Straits Times. The Sunday Times. The Business Times, LianHe Zaoßao. Berita Harlan. Berita Minggu. Shin Min Daily News. LianHe Wanßao call our Hotline 1800-749-2577.
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      79 2 Japan's wurpkam fallsfor ninth month in a row, Pg 10 1. WESTERN AUSTRALIA Eco-tourism Resorts and Farmsteads 2. QUEENSLAND Residential Development Projects in Prime Locations 3. NEW SOUTH WALES Hotel and Residential Development Projects 4. COMMERCIAL PROJECTS Food Franchise/Specialised Designer Farms 5. AUSTRALIA'S AWARD WINNING BUILDER Quality Brick A Tile
      79 words
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  • Page 3 Advertisements
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      283 3 BREITLING 1884 'c-.v g irf|'^";"SiiA/Siirtfelf"^tfl6tf^^ii^f l'fi^if^Mfc^^fiVfri^^'M^t'y"^ir^"'"'" J f~" <j l i^^fiMB^^'^ Jiifl^3Hwl. AEROSPACE Multifunction quartz electronic instrument watch with hybrid displays. Altitude. Speed. Time... All shown by a '^'^aV Hours and minutes shown by conventional pointer or needle on an indicator, even on the latest aircraft. Because a pointer sweeping
      283 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Ardmore haunts MCL
      794 4  -  THE PROPERTY COLUMN While the sale Itself was a surprise, the $376 m price has turned out to be too low By Lee Han Shih Shareholders of Malayan Credit Ltd (MCL) must be an unhappy lot. As the queue for the Ardmore Park launch wrapped around Lane
      794 words
    • Article, Illustration
      JTC plan to sell flatted factories welcomed
      422 4  -  Property consultants say it wfll help manufacturers control production costs By Diana Oon [SINGAPORE] Property consultants welcomed the move by the Jurong Town Corporation to start selling its flatted factory space, saying it would help manufacturers and industrialists to control production costs. JTC
      422 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      383 4 Prime Freehold Residential Development Site in Orchard Road Area Location 26, Paterson Road Legal Description :TS 24, Lot 1288 Land Area 2,359 sq m (Approx. 25,392 sq ft) Tenure Freehold Remarks Walking Dist. to Orchard MRT Station. Ideal for Serviced Apartments. Tender Closing Date Friday, 2 August 1996 at 4.00
      383 words
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      Page 4 Advertisements Column 2
      162 4 PRIME BUNGALOW SITE AT VICTORIA PARK ROAD ijr Single-storey Good Class Bungalow 999 years leasehold Land Area: ***** sq ft Flat and elevated ground Full privacy and exclusivity I Tender Closing: 6 August 1996 (4pm) For more information, please contact Albert Goh *****24 Karamfit *****93 HoEngJoo *****25 LaiGinYte *****19 N0.14
      162 words
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      127 4 Investment FOR SALE BY TENDER LARGE RESIDENTIAL SITE IN UPPER THOMSON AREA rr\ Site area approx. 10,862.6 sq.m. (116,925 sq.ft.) u Provisional Permission obtained for 4-storey condominium with 152 units at plot ratio 1.4 (gross) Tender Closing: 7 August 1996 at 3pm For further information tender documents, please call J
      127 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Reports post warning signs
      322 5  -  EYE OH THE ECONOMY Outlook By 1 Teh Hooi Ling DESPITE the economy's strong performance in the first quarter, not all is well, according to a few broking firms. Yamaichi Research Institute says the economy is poised for a soft landing. "We are looking to an
      Source:  -  322 words
    • Article
      Bridge fine with S'pore if it adds value: Goh
      247 5  -  By\ Shiv Taneja SINGAPORE is for a bridge to replace the existing causeway with Malaysia, if it can add value and expand the flow of traffic between Malaysia and Singapore, Prime Minister Goh Chok Tong said. He said it would be
      247 words
    • Article
      Ethics course launched for insurance agents
      232 5  -  By I Soh Tiang Keng THE Life Underwriters Association of Singapore (LUA) yesterday launched an ethics course for life insurance agents. The course is conducted jointly with the Life Underwriters Training Council an American educational and training body based in Maryland. The syllabus covers
      232 words
    • NEWS Roundup
      • Article
        Exso condos get 112,000 visitors
        55 5 MORE than 112,000 potential buyers had visited Pidemco's executive condominium showflats at Eastvaleand Westmereby yesterday, the last day for applicants to submit their forms. A Pklemco official said aboutBo,ooo forms had been given out She declined to comment on the level of submissions as the
        55 words
      • Article
        Siohman team to hold talks here
        37 5 SICHUAN governor Song Bftoroi will lead a nine-member government delegation to Singapore from tomorrow until Friday. The team will hold talks with local companies on investment opportunities in the Chfneec province.
        37 words
      • Article
        Senior TDB official to head Jakarta office
        67 5 THE Trade Development Board is stepping up its presence in Indonssia by appointing* senior official to head its Jakarta office. Khong Mun Pew, deputy director of the TDB'a Trade Policy Division, will Mt»mn the post erf regional director and commercial counsellor to Indonesia
        67 words
      • Article
        Been Heng on role of assistant
        63 5 RESPONDING to remarks made by Singapore Democratic Party chief Chee Soon Juan yesterday, Lim Boon Heng, Minister without Portfolio and r-Katrrmm nf Review Committee, said: "We have offered the same terms toSDPsswedidtoMr Low Thia Khiang of the WP (Workers' Party). An assistant is there
        63 words
    • Article, Illustration
      Lock icon SCI projects to help firms go regional
      442 5  -  TVy include the setting lip of a $25m company to invest in the region Byi Chuang Peck Ming THE newly-formed Singapore Confederation of Industries (SCI) has kicked off with three programmes to help its members go regional. The programmes are a $25 million
      ARTHUR LEE  -  442 words
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      272 6 "I a K i vrH .va^W'U fl| M < fl I |^F IB BaE H II Kaß*^*.-^^ 1 1 "*•%> jgHp.t^ /V r vifM '^jf<A !^^a^^Bt':: Jfc J :iL'v'. v jfyi i!lh«P Zt 'i! 1 .J iTT ~r "Vi v '<' r 7T@PSifc. ~v „..'> '^>4 -*&s,■ t~*"'} ll,J I
      272 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Early launching for national car
      458 7  -  JAKARTA But Timor cars will be made in S Korea initially as local production facilities are not yet ready By S N Vasuki INDONESIA'S controversial national car, the Timor, was launched several months ahead of schedule yesterday. However, as the project's domestic production facilities are
      AFP  -  458 words
    • Article
      Top execs of Viet cigarette firm guilty of graft
      355 7  -  SINGAPORE Four former Ben Thank employees including ex-director to be sentenced soon By] Harish Mehta TOP executives of a Vietnamese state-owned Arm have been found guilty of corruption by a Vietnamese court for diverting three million packs of cigarettes. The firm,
      355 words
    • Article
      Lock icon Anwar: Razaleigh's return to Umno does not worry me
      263 7 DUBLIN Bernama NST DEPUTY Prime Minister Anwar Ibrahim said yesterday he was not worried that the return of Parti Melayu Semangat 46 president Razaleigh Hamzah to Umno might jeopardise his position in the party. Mr Anwar told Malaysian students here that
      Bernama; NST  -  263 words
    • Article
      Lock icon Suharto in Germany for medical treatment
      220 7 BADOEYNHAUSEN AFP PRESIDENT Suharto, who has ruled Indonesia for almost three decades, arrived in this north-west German spa town yesterday for three days of treatment for a failing heart and other health problems. Indonesian Minister for Research and Technology Bacharudin Jusuf Habibie confirmed that
      AFP  -  220 words
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      231 7 A A Together, we can take you to Chicago and destinations throughout the Americas. Service from Singapore to Chicago Singapore Airlines and American Airlines* (via San Francisco) introduce a new partnership. Together, Flight AA *****492 Departs Singapore: ii2o we offer service from Singapore to Arrives Chicago: 2256 5 days per
      231 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Hotel industry cashing in on the 1997 handover
      383 8 HONGKONG Some hotels are charging US$5OO a night, compared with the current US$l5O-US$25O AFP HONGKONG'S hotel industry is cashing in on China's takeover of the British colony next year by sharply increasing room charges for the occasion, Industry sources said. As hordes
      AFP  -  383 words
    • Article
      Lock icon HK's pro-democracy activists criticised
      182 8 HONGKONG AFP HONGKONG's "self-appoint-ed martyrs", its pro-democra-cy activists, may be endangering the territory's future as a financial centre, a leading businessman warned. Chairman of Inchcape Pacific Paul Cheng, a legislator representing the commercial sector, criticised pro-democra-cy legislators and other activists in an article in yesterday's South
      AFP  -  182 words
    • Article
      Lock icon Teng-hui still wants China peace trip
      181 8 TAIPEI AFP TAIWANESE President Lee Teng-hui yesterday reiterated his wish to make a peace journey to China and invite Beijing leaders for visits to the island, a statement said. The priority issue in the future summit talks should be the signing of a peace
      AFP  -  181 words
    • Article, Illustration
      Lock icon Smiling through the rain
      48 8 [ANHUI PROVINCE, China] China's state-run Xinhua news agency picture released yesterday showing Xuanzhou city railway workers moving supplies to safety after some of the worstfloods in a century. Southern China has started to mop up after the floods which killed over 400 people. REUTER
      REUTER  -  48 words
    • Article
      Lock icon Taiwan trade surplus trebled to US$5.7b in first six months
      165 8 U TAIPEI Trade gap with US rose 28% in island's favour AFP TAIWAN'S trade surplus in the first half of this year surged 218.3 per cent from a year ago to U555.72 billion (558.09 billion), the finance ministry said yesterday.
      AFP  -  165 words
    • Article
      Lock icon US will not back Taiwan independence
      125 8 BEIJING AFP US NATIONAL Security Adviser Anthony Lake said here yesterday that Washington would not support any independence attempt by Taiwan nor would it support Taiwan's bid to join the United Nations, Xinhua reported. The report by the official Chinese news agency foUowed meetings
      AFP  -  125 words
    • SINO Brief
      • Article
        Lock icon Deng's son-in-law loses key military post
        72 8 AFP (BEIJING] Deng Xiaoping's son-in-law, Maj-Gen He Ping, has lost his key post in the military's Armament Department and would also have to give up his poet as head of arms vendor Poly Group, Chinese sources said yesterday. His fall illustrates the quickening loss
        AFP  -  72 words
      • Article
        Lock icon Southern China mops up after floods
        69 8 Reuter [BEUING] Southern China mopped up after some of the worst floods in a century yesterday, with formers replanting crops, troops buttressing river embankments and officials trying to estimate the scale of damage. With the death toll at least 345 in six provinces and
        Reuter  -  69 words
      • Article
        Lock icon Pollution in Beijing is 20 times worse
        68 8 AFP [BEIJING] Beijing's factories, homes and vehicles are pumping such high levels of carbon particles into the atmosphere that pollution levels are up to ao times worse than in developed countries, China's media warned yesterday. The Xinmin Evening News blamed the levels— the
        AFP  -  68 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      60 8 I* information on the new Audi A 4 or details on arranging a test drive, contact: Motor Ultima Pte Ltd. 15 Queen Street, #01-01, Singapore *****7. Telephone 338-3844. There are other cars wrth five-valve performance. But the prices are stratospheric. And the seating's just for two. The new Audi A
      60 words
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      341 9 |V HI MEjr /-^V x^\' r^ < vV *3E Wtol qllH| Kf f. *w HiiL 1 i sO^ -H v fy h v^-T 1 *i 'i i TH^KTB^B^MMiJL ■h^ Bfl -M^-i^i-^l^aWMl WFb'KiKl^ y r 3^ -j&^M j!3g if v, -&jrgt^S^plrj:\.*±2.~z :> -rißi'V- f I t>A 4rf i". '-v >v ',>'a^*J
      341 words
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  • ASIA
    • Article
      Lock icon Japan's surplus falls for ninth month in a row
      485 10 TOKYO Surging imports narrow May's current account surplus by 46% to 361b yen Bloomberg Business News AFP Reuter JAPAN'S current account surplus shrank for the ninth straight month on the back of increasing imports and more Japanese travelling abroad. May's current
      Bloomberg Business News; AFP; Reuter  -  485 words
    • Article
      Tax Office springs surprise on super-rich
      340 10  -  SYDNEY Reportshyl Surinder Singh AUSTRALIA'S richest individuals are due to get a shock in the mail if they have not already been jolted. The Australian Tax Office (ATO) is writing to them demanding details about their financial arrangements. The ATO is seeking to gather
      340 words
    • Article
      Aussie job ads up for second month in a row
      325 10 SYDNEY THE job market in Australia, as measured by the ANZ Job Advertisement series, seems to be improving. The number of employment advertisements rose by 1 per cent in June after a 3.6 per cent increase in May, according to
      325 words
    • Article
      Lock icon Clear signs Kim Jong II on track to succeed his father
      120 10 SEOUL Reuter A MEMORIAL ceremony for North Korea's "Great Leader" Kim n Sung turned into a giant coming-out party for his son and designated heir Kim Jong D in front of tens of thousands of Pyongyang citizens yesterday. Pyongyang
      Reuter  -  120 words
    • Article
      Japan seeks more security channels
      369 10  -  TOKYO Enhanced security dialogue with N-E Asia seen as complement to ARF Byi Anthony Rowley JAPAN is pursuing enhanced security dialogue with its North-east Asian neighbours as a supplement to existing security cooperation within the Asean Regional Forum (ARF), the head of the Japanese liefence
      369 words
    • ASIA Notes
      • Article
        Lock icon Chun, Roh threaten to boycott trial
        85 10 AFP (SEOUL] Jailed ex-presidents Chun Doo Hwan and Roh Tae Woo threatened to boycott their trial yesterday after their lawyers resigned en masse in protest against 3 allegedly "biased" court proceedings, reports said. "I will not appear any more unless my lawyers are present
        AFP  -  85 words
      • Article
        Lock icon Migrants wanted for remote areas
        66 10 Reuter [CANBERRA] Australia will ease entry restrictions for t some new arrivals planning to live in remote areas and may fine them if they move into the cities. Immigration T Minister Philip Ruddock said yesterday the points system used in assessing migrants would be dropped
        Reuter  -  66 words
      • Article
        Lock icon Sri Lankan bead extends peace deadline
        38 10 AFP [COLOMBO] Sri Lankan President Chandrika Kumaratunga has extended her own deadline to restore ethnic peace in the country by one more year as Tamil Tiger guerillas kept up their attacks. —AFP
        AFP  -  38 words
      • Article
        Lock icon Hyundai workers to stage warning strikes
        69 10 AFP [SEOUL] Thousands of workers at South Korea's Hyundai Group said yesterday they would stage a one-day? "warning" strike next week to protest the group's lukewarm response to wage demands. "We've decided to walk off the job at six subsidiaries on July 20 as
        AFP  -  69 words
      • Article
        Lock icon Sikh separatist leader's ploy fails
        66 10 AFP [NEW DELHI] A Sikh separatist leader who has been in self-imposed exile for 15 years tried to enter India by feigning illness during a transit halt, but was denied permission. Jagjit Singh Chohan complained of chest pain moments after a Thai Airways flight from
        AFP  -  66 words
      • Article
        Lock icon Indian money supply growth up 0.4%
        62 10 Bloomberg Business News [BOMBAY] Indian money supply growth rose to 0.4 per 7 cent in the two weeks to June 7, from 0.14 per cent in the previous two weeks. Money supply, as measured by M 3, grew 14.3 per cent in the year
        Bloomberg Business News  -  62 words
    • Article, Illustration
      Lock icon Bombay's dangerous houses of cards
      480 10 BOMBAY AFP MORE than one million people in this bustling metropolis live or work in thousands of nearly 100-year-old decrepit buildings, certified dangerous for habitation by city authorities. "We have estimated Bombay has more than 18,000 old buildings which could crash any time," Bombay sheriff
      AFP  -  480 words
  • Page 10 Advertisements
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      151 10 «/> WITH A DIFFERENCE QCtUQ "v measured our rooms q ond discovered that ours ore probably one of the most spacious you'l get at 55/35 nett! To make it an even better offer, we compliment it with: Amercian Breakfast Welcome CP Coffee/Tea making facilities Hours in-house video Personal Safe 9
      151 words
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      Page 10 Advertisements Column 2
      93 10 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa" Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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      Page 10 Advertisements Column 3
      24 10 P ftl Mi lIP Don't take chances, |JPI WHllif this could be the one! vhiiyvfi v FEVER^r Komy Insect Device Kills mosquitoes effectively BBiIhB
      24 words
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  • THE WORLD
    • Article
      Lock icon Money laundering war extended
      448 11 WASHINGTON Group wants govts to require financial institutions to report suspicions transactions USIA A 26-NATION group has extended its fight against the legitimisation of money from the drug trade to include such major illegal activities as racketeering and arms smuggling. The nations banded together in the
      USIA  -  448 words
    • WORLD Watch
      • Article
        Lock icon EU tells Germany to shape up for EMU
        67 11 Reuter [BRUSSELS] European Union finance ministers yesterday told Germany it must put its public finances into better shape if it wants to qualify for economic and monetary union in 1999. Although the EU's specific recommendations were not available, Jurgen Stark, secretary of
        Reuter  -  67 words
      • Article
        Lock icon Calls for Perry to quit premature: senator
        57 11 Bloomberg Business News [WASHINGTON] Suggestions that US Defence Secretary William Perry should quit in the aftermath of the truck-bombing in Saudi Arabia are premature, Senator John McCain said. The Senate Armed Services Committee will hold hearings this week on the bombing, which killed
        Bloomberg Business News  -  57 words
      • Article
        Lock icon Concern over UK private finance drive
        92 11 Reuter [LONDON] British Chancellor of the Exchequer Kenneth Clarke is concerned the government's private finance initiative (PFI), a drive to use more private finance to fund public sector building projects, is at risk of being discredited, the Observer newspaper said. Citing a letter sent
        Reuter  -  92 words
      • Article
        Lock icon UK inflation pressures subsiding
        78 11 Reuter [LONDON] British inflation pressures subsided in June as prices of raw materials plunged, but the manufacturing sector continued to stagnate, the Office for National Statistics said yesterday. Input prices dived by a seasonally adjusted 1.3 per cent in June, resulting in a year-on-year fall of
        Reuter  -  78 words
    • Article
      Lock icon Russia to improve tax collection, attract investment
      360 11 SALZBURG Bloomberg Business News THE Russian government's first priorities after President Boris Yeltsin's re-election are to improve tax collection and clarify securities law to attract new investment, Russian Minister of the Economy Yevgeny Yasin said. "The first task now is to stabilise the
      Bloomberg Business News  -  360 words
    • Article
      Lock icon Mandela worried about white exodus
      283 11 JOHANNESBURG Reuter PRESIDENT Nelson Mandela expressed concern on Sunday at an exodus of skilled whites from South Africa and urged his black supporters to make whites feel they belonged to the country. "We must stop this brain drain of people leaving our country for abroad,"
      Reuter  -  283 words
    • Article
      Lock icon Dutch probe beef smuggling reports
      123 11 ■AMSTERDAM Reuter THE Dutch Agriculture Ministry said yesterday it is checking media reports that Germany has complained that beef is being smuggled out of Britain into other European Union countries despite an export ban. "As far as we know, this is just a rumour but
      Reuter  -  123 words
    • Article, Illustration
      Lock icon Blowing their own horns
      39 11 [THUN, Switzerland] Members of an Alpine horn-blowing club performing here on Sunday, during the 23rd Swiss yodelling contest. About 20,000 people took part in the contest. Yodelling is a centuries-old tradition in the country. AFP
      AFP  -  39 words
    • Article
      Lock icon Israeli PM slashes next budget by US$1.5b
      166 11 JERUSALEM AFP ISRAEL'S new right-wing government approved plans to axe US$l.5 billion (Ss2.l billion) from next year's budget as Prime Minister Benjamin Netanyahu pledged more action to come in a radical shake-up of the economy. The proposed cuts, ranging from drastic reductions in
      AFP  -  166 words
    • Article
      Lock icon Fed chief says US economy doing well: Tietmeyer
      227 11 BASLE Reuter BUNDESBANK president Hans Tietmeyer said yesterday that US Federal Reserve Board chairman Alan Greenspan told G-10 central bankers the American economy was doing very well overall. Mr Tietmeyer gave the comment after a regular monthly meeting of the Group of
      Reuter  -  227 words
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      168 11 Tung Centre 1/268 sf-9/684.12 sf Parkway Parade 925.36 sf/1,592.48 sf Parkway Parade 15/537.44 sf (enbloc) A-Z Building 1/991 sf/3/982 sf/6/243 sf 174 Paya Lebar Road Built-up area: 14,477.58 sf Lucky Plaza #02-00/474 sf y\ First Capital Property Management Pte Ltd (A member of First Capital Corporation Group) Tel: 437 6817/437
      168 words
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      Page 11 Advertisements Column 2
      348 11 For more than a century and a half. Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      348 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Vijit's downfall exposes danger of cosy ties
      810 12  -  ran bottom limb OPINION By Loh Hui Yin The writer is BT's Bangkok correspondent THERE was a sense of collective relief in the financial markets when Vijit Supinit finally quit his job as governor of Thailand's central bank last week. Relief because he
      810 words
    • Article
      IN OTHER WORDS
      113 12 'When you say I haven't told the truth, you have to be specific/ -WeeOeeley US Congressman, on why he's going to run for election again despite ethical lapses. 'Don't you know that truth is relative? Truth is whatever you want it to be.' -CtaiglMptMM Political operative who
      113 words
    • Article
      Opposition to Yeltsin's rescue?
      605 12 EDITORIAL PARADOXICAL as it might sound, President Boris Yeltsin's best hope of good government in Russia could lie in the wisdom and maturity of his opponents who are now groping towards a strategy to suit the challenge of a multi-party polity. It may be a hopeful
      605 words
    • Article, Illustration
      MFN bomb fizzles out
      1138 12  -  China bashers lick their wounds after US Congress rejects bill to revoke Bering's trade status By Leon Hadar The writer is BT's Washington correspondent THIS was supposed to be Washington's hottest summer of Sino-American discontent. That, at least, was the way the US capital's China bashers
      1,138 words
    • Article
      Harnessing tacit knowledge
      324 12 jgin.nnT ONG Wee Hock's Bottom Line (BT, July 2) got to the heart of commercially successful product development. He described how Jewish emigres harnessed their artisans' skills, and networking to be commercially creative. They relied on their personal knowledge, rather than explicit scientific knowledge. This model is
      324 words
  • Page 12 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Start spreading the news — New York's alright
      1075 13  - Start spreading the news New York's alright Tourists are finding out New York's not as bad as it's made out to be, reports rachel swarms RACHEL SWARNS NYT THEY whooshed to the summit of the Empire State Building and ogled the city's steel and stone glories. They jostled the bustling
      NYT  -  1,075 words
    • Article, Illustration
      Lock icon Dresses for the jet-setting modern woman
      574 13 FASHION Versace's winter collection featured elegant clothes that will survive a suitcase AFP (PARIS] It was business as usual when the winter couture collections opened over the weekend, even if last week's bombshell announcement that Gianfranco Ferre is quitting Dior was a main topic
      AFP  -  574 words
    • Article, Illustration
      Lock icon Krajicek accomplishes his mission
      960 14 WIMBLEDON lids year's championand a streaker are set to go down in the history books NYT IWIMBLEDON] Sunday was the day Wimbledon 1996, already fraught with upsets, made the transformation to Never Never Land. From a finale contested by two unseeded players, a situation this Grand
      NYT; REUTER  -  960 words
    • Article, Illustration
      Lock icon Moving from Ashe's shadow
      538 14 WIMBLEDON MaMVai Washington foam his own mark on Centre Court NYT [WIMBLEDON] Arthur Ashe casts a monumental shadow in more ways than one. Tomorrow, a statue of him holding books and a tennis racquet will be officially dedicated in his home town of Richmond, Virginia, on
      NYT; REUTER  -  538 words
    • Article
      Lock icon Olympics—a time to settle scores
      361 14 Olympics —a time to settle scores TENNIS Reuter [LONDON] The "strangest" Wimbledon in living memory has given an unexpected boost to this month's Olympic tennis event in Atlanta, even without newly-crowned men's champion Richard Krajicek. Pete Sampras, Andre Agassi and Monica Seles have already pledged to compete at the Games,
      Reuter  -  361 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      47 13 oe^opiii^ H °Bprices WP I I th e losers Ibulhßsc VIA Ljggnpay Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC flP® Singapore Kinokuniya Shell •BP ASS PreSS MPH esso VHP Holdings
      47 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      215 13 xiiis WEAT Brgl> Singapore: Showers over several areas in the late afternoon. Temperature (31-24) AjU-PttUlo Hi/To* Oorai Europe Hl/Lo* Good. !<■ Hl/Lo* OmA Auckland KM# Cloudy Amsterdam 20/12 Cloudy Atlanta 27/22 Cloudy Bangkok 3.V22 Tstorm Aim Showers Buenos Aim MM Showers Bering 34/23 Tstonn Berlin 20/11 Cloudy fhragn 22/10 Cloudy
      215 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      67 14 From 11.30 am 2.30pm SO COME AND HAVE THE PLEASURE OF CURLING YOUR TASTE BUDS AROUND I Mi SI XIAMEN PI I ICHT! Xiamen cuisine buffet lunch with an enticing spread of over 30 dishes reflecting their true heritage, including snacks and desserts. It is real value for money. UjMMfR
      67 words
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      Page 14 Advertisements Column 2
      7 14 KING'S 403 Havelock Rosd Tel. 733 0011
      7 words
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      Page 14 Advertisements Column 3
      77 14 Japanese Food Dessert Promotion 1-31 July At our Japanese food Dessert Promotion, you can help yourself to the wide range of dishes. Enjoy Cha Soba, Tempura, Cha wan Mushi, Sushi and many more plus a wide range of desserts. Adult: $20.00 Child: $13.00 Daily buffet lunch except weekends public holidays
      77 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      129 14 DOOMESBURY By Gary Trudeau WELCOME BACK TO QMIKREETHANKS, MIKE m HAPPY u*LL U&VP OF NAWNAL "CHARACTER TO TRY TO EXPLAIN TUB IPEA I RESPONSIBILITY TO TRY! ANPYET, COUNTS' DAY! TOCWS PILLAR OF RESPONSIBILITY, BUT WHAT IF VVE MAPE A COMMITMENT pg OPPLY.YOU IS RESPONSIBILITY-A5 EX- I CANT? WHAT/FI CANT I
      129 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      160 15 Where to wine, dine and entertain SPECIAL SET MENU I 35% off from the uaual price! I For 10 persons with a complimentary I II bottle of white wine. II iS PALM SPRING: 8213++ MK LONG BEACH UDMC SEAFOOD RESTAURANT #01-02 UOMC Seafood Centre Opm Daily: 5.00 pm -12.15 am
      160 words
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      Page 15 Advertisements Column 2
      133 15 ■J— Here's your chance to enjoy UDANG CABE PETAI (Prawns with Chillies and Bitter Beans), I KAN BUMBU MANGUT (Panfrted Fish with Blue Ginger) and a variety delicious cuisine from JAVA TIMOR BUFFET LUNCH 12noon 2.30pm Adult $18 00 Child :512.00~* BUFFET DINNER 6.30pm 10.30pm Adult $19 00 Child $12.50«-»*
      133 words
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      Page 15 Advertisements Column 3
      179 15 [PS H Set Lunch B Dinner g| pgpj Flavours at Meisan S$ 18.90+++ per person •Y*j& Ss2B.9o+++ per adult; SSNJj jjSfe $14.90+++ per child Make your reservations today! i$S Call 731-7996. g|g 3glg A minimum of 2 diners is required for set menu orders. Wt U| MEISAN Sj| Ijfjtj/j I
      179 words
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      Page 15 Advertisements Column 4
      160 15 Singapore Business Giving you the winning edge Where can we bring the for Singa Inn, of course! Singapore's largest outdoor j seafood restaurant offers you the opportunity if to dine under the stars and enjoy die cool sea < breeze at the same time! sißsp m seafood restaurant I flfln
      160 words
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      Page 15 Advertisements Column 5
      108 15 f r A R A S LICHT-ME AT BUFFET —u 5 —l I I Singapore Food Nostalgia Q. Jewutey iDewa Memexy £ane HI 31 lulv 1996 Come and enjoy authentic hawker food in an environment reminiscent of the olden days' roadside stalls. Available for lunch and dinner during weekdays (except
      108 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      733 15 T7&EAPIO ■■feHMMiM■ I > 11-00 Tuesday Premiere 7JO Tamil Seithi (T). ins Prom Ni ht < See ur Berita 12. ■rnr^nHßTm LOO PM The Winners Cta>te>. 830 HMI. I 130 Money, Money, Money. ULflO AM Vidz (r). 030 Selekta Klip. I 2.00 How Succeed in Bust- L 45 In Living
      733 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      243 15 CRYPTIC CROSSWORD ACROSS 11 Sport where one is liable to get the chop (6) 13 Carol eats some potatoes H^ 16 As burglar, examine court pro- IH ceedings (4) 18 Near the eruption of the ground 1 1 j 1 1 j 1 1 i 1 I 20 Criminal expedition
      243 words
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  • CYCLE & CARRIAGE GOLF PAGE
    • Article, Illustration
      A test for the best
      1953 16  -  Let migklmjs D'CRUZ guide you through Australia's toughest course, The Pines at Sanctuary Cove Resort NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review This review and further information about golfing in Asia are available onihe Internet at the BT-Asian Golf Review site
      1,953 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      358 16 A Mercedes-Benz doesn't cost the Earth. Think of Mercedes-Benz and Where it used to take 22 cubic car's bodywork from corrosion, you will immediately think of litres of water to manufacture a Multi-layer paint. Improved outstanding quality, performance Mercedes-Benz, it now takes just sealing of cavities. Galvanised steel and innovation.
      358 words
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  • COMPANIES & MARKETS
    • Article
      SingTel sells stake in YCG for 23% of UK partner
      353 17  -  Deal will lead to Sing Tel eventually leaving the UK cable TV industry By Genevieve Cua [SINGAPORE] Singapore Telecom has struck a deal with its UK cable TV partner, General Cable pic, that will eventually lead to its bailing out
      353 words
    • Article
      Lock icon Richard Li, UOB tie up in HK bid
      298 17 Possible conflict as family firm also vying for HKsl2b project SCMP [HONGKONG] Pacific Centua company chaired by Richard Li Tzar-kai, is teaming up with Singapore's United Overseas Bank in a hotlycontested HK$l2 billion (552.18 billion) property project in Tai Kok Tsui. The
      SCMP  -  298 words
    • Article
      Freight Links unit to offer new shares
      241 17 [SINGAPORE] Freight Links Express Holdings (FLEH) subsidiary Vincent Intertrans (Holdings) Limited (VIHL) is placing out 20 million new shares with a par value of HK)0.10 each. The offer price is HK50.438 per new share before expenses. This represents a discount of about 5
      241 words
    • Article
      Amcol's rights issue going the way of the dodo?
      765 17  -  HOCK LOCK SIEW Tan Sai Siong IS AMCOL Holdings' one-for-two rights issue announced on March 26 to raise up to $363.4 million as dead as the dodo, the extinct bird which hailed from Mauritius where, incidentally, the company has gone into
      765 words
    • Article
      SingTel sells 5m shares in Shinawatra Comp
      311 17 [SINGAPORE] Singapore Telecom International has sold five million foreign-registered shares in Shinawatra Computer Communications Public Co Ltd (SC&C). The sale reduced its stake in SC&C from 9.09 per cent to 5.48 per cent. Sing Tel said over the weekend that it did not
      311 words
    • Article, Illustration
      Singbus Land is now Waterbank Properties
      301 17  -  By. Diana Oon [SINGAPORE] Singapore Bus Service's (SBS) property development arm has changed its name from Singbus Land to Waterbank Properties, and will be selling two property development projects later this month. SBS president Phua Tin How said prices for the two projects one
      301 words
    • REGIONAL COMPANIES
      • Article
        Hongkong's Easyknit applies for listing in S'pore
        309 18 [SINGAPORE] Hongkonglisted Easyknit International Holdings has applied for a secondary listing on the main board of the Singapore stock exchange. The company, which exports cotton knit garments, said yesterday that it intends to offer new shares representing up to 20 per cent of
        309 words
      • Article
        Guoco unit selling 2.6b pesos of shares
        338 18  -  Proceeds will help finance parent's expansion projects Frw Al Labita in Manila A SUBSIDIARY of listed Guoco Holdings is disposing of 2.625 billion pesos (*****.54 million) worth of shares to help finance its parent company's expansion projects. In a report yesterday to the
        338 words
      • Article
        Zatrio buys stake in Grand Plaza
        209 18  -  From. Al Labita in Manila [MANILA] Zatrio Pte Ltd, a Singapore-based investment holding company, has acquired a 10 per cent stake in listed Grand Plaza Hotel Corp (GPHC). In a report yesterday to the Philippines Stock Exchange, GPHC said it issued 15.9 million shares
        209 words
      • Article
        Lock icon Country Heights in S African project
        330 18 Joint venture to develop resort, residential estate Bernama [KUALA LUMPUR] Country Heights Holdings Bhd, a Kuala Lumpur Stock Exchange main board property company, is to develop a resort and residential estate in South Africa through its wholly-owned subsidiary Etika Cergas (M) Sdn Bhd. Etika
        Bernama  -  330 words
      • Article, Illustration
        Lock icon Sesdaq aspirant ASA offers 28.6m shares
        439 18  -  Issue priced at 86 cents for historical price-earnings ratio of 9.6 times By. Annette Pau [SINGAPORE] Semiconductor moulding equipment manufacturer Advanced Systems Automation (ASA) yesterday launched its initial public offer of 28.6 million shares on Sesdaq at 86 cents each. The offer is made
        ARTHUR LEE  -  439 words
      • Article
        Intraco to up stake in Dalian food firm to 50% from 30%
        253 18 [SINGAPORE] Intraco Ltd has agreed to raise its stake in Dalian Rifu Food Co Ltd, which operates a seafood processing plant, to 50 per cent from 30 per cent. The agreement was inked on Sunday by Intraco chief
        253 words
      • Article
        Lock icon Four listed groups keen to buy stakes in railway firm
        408 18 KTM Bhd's major assets are land bank worth over Mslb MBT [KUALA LUMPUR] Four listed companies Sapura Holdings, Diversified Resources Bhd, Malaysian Resources Corp Bhd and Renong Bhd have expressed interest in acquiring Keretapi Tanah Melayu (KTM) Bhd. These companies
        MBT  -  408 words
      • Article
        Lock icon Renong to buy 88m new Time Engineering shares
        171 18 AFP [KUALA LUMPUR] Malaysia's listed Renong Bhd announced yesterday that it will buy 88 million new shares in Time Engineering Bhd for Mss7o million (Ss3l4 million). The acquisition of the shares was to maintain its 47 per cent stake in Time Engineering,
        AFP  -  171 words
      • Article
        Lock icon Ekran offers stakes in airline unit to three Asean nations
        259 18 AFX—Asia Oana-PNA [KUALA LUMPUR] Ekran Bhd's unit Saega Airlines Sdn Bhd is inviting the governments of Brunei, Indonesia and the Philippines to take equity stakes in the airline, the New Straits Times reported. It said the move is aimed at
        AFX—Asia; Oana-PNA  -  259 words
      • Article
        Lock icon Govt to decide on North-South Expressway toll hike by July
        280 18 Bernama [KUALA LUMPUR] The government will decide on an application by Projek Lebuhraya Utara-Selatan Bhd (Plus) to raise toll rates on the NorthSouth Expressway to 10 sen (5.6 Singapore cent) a kilometre from 7.5 sen by the end of the
        Bernama  -  280 words
      • Article
        Lock icon KPJ to buy 4 hospitals for M$142m
        109 18 Reuter [KUALA LUMPUR] KPJ Healthcare Bhd proposes to acquire four hospitals for Msl42 million (5580.4 million), the national Bernama news agency said yesterday. The hospitals are Pusat Pakar Tawakal Sdn Bhd, Puteri Specialist Hospital Sdn Bhd, Kuantan Specialist Hospital Sdn Bhd and Syarikat
        Reuter  -  109 words
      • COMPANY Briefs
        • Article
          93% acceptance for Liang Court shares
          41 18 [SINGAPORE] Liang Court Holdings has received acceptances for over 125.5 million rights shares or 93.1 per cent of the total number offered. Excess applications received for over 8.7 million shares will be satisfied in full.
          41 words
        • Article
          JSH's fully diluted net assets at US$$4.97
          42 18 [SINGAPORE] Jardine Strategic Holdings (JSH) said yesterday its unaudited net assets per ordinary share as at June 30 was US$5.5l (557.79). On a fully diluted basis, the net assets per ordinary share would be U554.97.
          42 words
        • Article
          No deal yet on Robinson Rd property: FCC
          58 18 [SINGAPORE] First Capital Corp said yesterday that it had yet to reach agreement on the sale of its property at 57 Robinson Road, although it has been made an offer. FCC was responding to a Straits Times report on Saturday which was
          58 words
        • Article
          Tat Lee Bank foreign ownership at 3.8%
          34 18 [SINGAPORE] Tat Lee Bank said yesterday that the beneficial ownership of the bank's share capital held by foreign investors was 3.83 per cent as at June 30.
          34 words
        • Article
          Focal Finance foreign ownership at 9.4%
          34 18 [SINGAPORE! Focal Finance said yesterday that at the end of the second quarter of this year, the beneficial foreign ownership of its share capital was 9.39 per cent.
          34 words
      • Article, Illustration
        Sumitomo, TCI to start Asia TV service from S'pore
        381 20  -  Jet TVs satellite broadcast to 10 countries in region set to take off fay January next year By' Teh Hooi Ling (SINGAPORE] Sumitomo Corp, one of Japan's largest trading companies, is tying up with US media company TeleCommunications Inc (TCI) to
        381 words
      • Article
        Lock icon Funds raise weightage in US stocks
        462 20 Managers neutral on Europe, see potential in Japan, says asset allocation poll Reuter [LONDON] Fund managers are increasing weightings in the US stock market despite some apprehension about its meteoric rise in the last year, and they are broadly neutral on Europe, an asset
        Reuter  -  462 words
      • Article
        Lock icon Taiwan deal is on, says HK Telecom
        109 20 AFX-Asia (HONGKONG] Hongkong Telecommunications Ltd is not aware of any move to prevent the company buying a 25.71 per cent stake in Taiwan's Telecommunications Network.' A spokeswoman for Hongkong Telecom said yesterday: "The only possible objection to the deal was what I read
        AFX-Asia  -  109 words
      • Article
        Lock icon Domestic buying damaging China's B share market
        468 20 Trend may push stock prices np and lead to forex outflows paper Reuter Bloomberg Business News AFP [SHANGHAI] China's B share market is losing its reason for existence and is in danger of becoming a channel for foreign exchange outflow due to heavy
        Reuter; Bloomberg Business News; AFP  -  468 words
      • Article
        Lock icon Bertelsmann in merger to create Europe's biggest TV company
        240 20 Bloomberg Business News [HAMBURG] Bertelsmann AG has signed a contract to merge its television interests with those of Compagnie Luxembourgeoise de Telediffusion (CLT) to create Europe's biggest audiovisual group. The news foUows board approval last week from CLT. Bertelsmann yesterday said
        Bloomberg Business News  -  240 words
    • FINANCE & COMMODITIES
      • Article
        Hang Seng Bank quietly sets up fund management unit in S'pore
        536 22  -  Apparent bid by HK's second biggest bank to hedge bets before colony reverts to China in July 1997 By i Conrad Raj [SINGAPORE] Hongkong's second largest bank, which ranks among the most profitable in the world, has quietly set
        536 words
      • Article, Illustration
        HSBC gets new deputy CEO
        121 22 [SINGAPORE] HongkongBank has redesignated its chief operating officer in Singapore, David Townsend. Since July 1, Mr Townsend has assumed the new position of deputy chief executive officer. He was the COO for two years, since he arrived in Singapore in June 1994. Mr Townsend joined
        121 words
      • Article, Illustration
        Lock icon Greenback back to old glory
        65 22 [TOKYO] Aforeign exchange quotation monitorflashing the US dollar rate at the Tokyo Mitsubishi Bank yesterday. The US dollar managed to climb over 111 yen in early Tokyo trade for the first time since Jan 25,1994, on growing perceptions ofa US interest rate hike in the
        REUTER  -  65 words
      • Article
        Lock icon Lloyd's plans sweeping review by Sep
        373 22 It aims for big budget cots, change in way of raising capital FT [LONDON] Lloyd's of London plans to launch a sweeping internal review by September. It will include substantial budget cuts and an overhaul of the insurance market's management, regulation and system of
        FT  -  373 words
      • Article
        United Global Capital Fund raises $150m during launch
        371 22  -  Entire ainonnt was sonrced locally, says fond By I Shiv Taneja [SINGAPORE] UOB Asset Management's latest unit trust offering, the United Global Capital Fund, raised $150 million at the end of its month-long promotion period, which ended last week the largest amount
        371 words
      • Article
        Lock icon RTZ-CRA to cut back on exploration
        317 22 Bloomberg Business News [SYDNEY] RTZ-CRA, the world's largest mining company, said its mineral exploration programmes worldwide will be cut back and about 22 per cent, or 330 jobs, of exploration staff, will be cut following a major review of its operations. "The review identified
        Bloomberg Business News  -  317 words
      • Article
        Lock icon Rate fears subside by close
        230 22 Sim nil Report Reuter [SINGAPORE] Simex Euroyen and Eurodollar futures recovered their equilibrium by the close of yesterday's trade as spillover selling from last week's sharp drop on US treasury markets subsided. Dealers said Euroyen futures came under pressure in early trade on the back
        Reuter  -  230 words
      • Article
        Lock icon CURRENCY REPORT
        174 22 Reuter AFP London THE dollar closed little changed here after an overnight push to 30-month highs against the yen evaporated through profit-taking in a cautious forex market. Speculation continued to simmer that the Federal Reserve might raise interest rates as early as this week after the strong June
        Reuter; AFP  -  174 words
      • Article
        Lock icon Oil prices hold amid hurricane warnings
        296 22 ENERGY REPORT Reuter [LONDON] Oil prices held their ground yesterday after a strong rally last week as traders in the key United States market, back at work after the Independence Day holiday, digested news of a hurricane approaching Caribbean oil installations. August Brent was
        Reuter  -  296 words
      • Article, Illustration
        Untitled
        1296 22 DfTERBAlfg CROSS BATES ~ZTh C$ —0 ECU fff Pw MK5 Yen Ww tt$ W2$ftfctt Hm S> U* tm Hmt IBt 1.0M 6.178 0.641 4.1M 1217 6.155 ***** 18.591 0.882 4472 1983 LBi 27.964 20J37 1124 1453 1005 2lff5 20 2* 0512 1795 rSi" A wj 6,092 «52 11,8 5-455 *****
        1,296 words
    • Article
      COMMODITY PRICES
      1545 23 81 COM FUTUMg juts WNEi(MurMdMta««atS.3Qia) ISS1CQIITtACT(ScMbAo CtOM VoiMM OpM MwO 155 Lot SKt (tww) Wtamt *t* 119.50 1750 Wp96 189.00 MOO 189.00 200 2375 Oct 96 MLOO 188.00 MUX) 100 3975 moo moo moo 100 3*75 o#c 96 moo moo moo no 3975 •WM*97 moo moo 187.50 195
      1,545 words
    • Article
      Lock icon TOKYO
      1613 23 Bloomberg Business News □Nikkei 225 -307.48 JAPANESE shares slid lower yesterday, with the Nikkei Index falling below the key level of 22,000 points in reaction to Friday's sell-off on Wall Street and a stronger dollar. But trading volume was light at 286 million shares as many market participants stayed
      Bloomberg Business News  -  1,613 words
    • Article
      WORLD STOCK MARKETS
      2218 23 LONDON Nt» A. A. Corp Adr 613/4 -1.IOO A8 Ports 280 -8 AMiy National 580 -8 AdledLyons 446 unch Amec 9S -3 3/4 *f?Y« 346 AsdaGroup 1191/2 -1/2 BATtad 495 unch MCC 308 unch BOC Group 936 -1 M Petroleum 595 5 BTR 246 -3 1/2 Bank
      2,218 words
    • Article, Illustration
      Lock icon HONGKONG
      1645 24 Bloomberg Business News QHiuinSag -287.08 SHARES had their biggest one-day decline in four months, led by HSBC Holdings I pic and property shares, on concern rising rates will erode corporate earnings. "When interest rates go up, all hell breaks loose," said "Eric Lowe, director at Mansion House Securities Ltd.
      Bloomberg Business News  -  1,645 words
    • Article, Illustration
      Lock icon CHINA
      624 24 AFP Reuter g Shtngfluri B Share Index -0.3 SHARE prices rose 2.8 per cent on the Shanghai Stock Exchange yesterday, buoyed by a strong interim profit report and expectations of rights and convertible bond issues, analysts said. "The market was excited by the report of Shanghai Lujiazui Finance and
      AFP; Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  624 words
    • Article
      Lock icon TAIPEI
      337 24 AFP QWP Index -5129 SHARE prices in Taiwan finished 0.8 per cent lower yesterday as retail investors sold electrical and financial issues. Individual market participants sold electrical and banking and insurance shares while most institutional investors stayed on the sidelines, said Lei Pei-yu of Pacific Securities Co Ltd. The
      AFP  -  337 words
    • Article
      Lock icon SYDNEY
      626 24 AFP PAH Ordinaries -3M SHARE prices fell 1.8 per cent yesterday as the mood was darkened by a dive on Wall Street on Friday and leading stocks received a hammering in lacklustre trade. The All Ordinaries Index plunged 39.6 points to 2,191.2. The All Resources Index shed 18.4 points
      AFP  -  626 words
    • Article
      Lock icon WELLINGTON
      276 24 Reuter n Wellington -2189 THE NZSE-40 Index ended 22.89 points weaker yesterday at 2,097.52. Volume was NZ$27 million. "Everyone's kept on the sidelines waiting for the US to open tonight," said an analyst. Reuter •mi b mm AMZ Btnkinq 695 0.05 5903 Adv*nt*g*s HMqs 1.62 0.01 WOOO Air N*w
      Reuter  -  276 words
    • Article, Illustration
      Lock icon JAKARTA
      730 24 AFP n Composite Index -L 22 INDONESIAN share prices closed 0.2 per cent lower yesterday as late bargain hunting partially reversed morning losses due to regional weaknesses and concerns about President Suharto's health. "It has done very well compared to the rest of the region. Hongkong was down heavily
      AFP  -  730 words
    • Article
      Lock icon MANILA
      341 24 AFP CI Manila -5124 PHILIPPINE share prices fell 1.6 per cent yesterday following a drop on Wall Street last Friday due to fears of rising US interest rates. The Philippine Stock Exchange Index fell 54.24 points to 3,320.16. Turnover fell to 8.42 billion shares worth 2.65 billion pesos compared
      AFP  -  341 words
    • Article, Illustration
      Lock icon BANGKOK
      835 24 AFP P SET Index -1172 THAI shares prices fell 1.3 per cent yesterday as investors reacted to expectations of interest rate increases in the United States. "The main factor is US interest rates, 90 per cent certain to go up in August. This could affect international liquidity and increase
      AFP  -  835 words
    • Article
      Lock icon SEOUL
      404 24 AFP fl Composite Index -140 SHARES closed 0.3 per cent lower on the Korea Stock Exchange, with technical profittaking emerging after the previous week's six straight daily gains, brokers said. "Investor sentiment appears quite stable despite a lack of fundamental changes in the market environment," a Hanjin Securities dealer
      AFP  -  404 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks fall prey to interest rate fears
        7649 25 Bloomberg Business News Q Composite hdci -3*Bl STOCKS fell, led by Malayan Banking Bhd, on concern the US Federal Reserve will push up interest rates in the wake of stronger-than-expected employment growth. "We're seeing a correlative effect here," said Tan Yan Heong, a
        Bloomberg Business News  -  7,649 words
    • WARRANTS&OPTIONS
      • Article
        Noel Gifts: small is attractive
        3660 26  -  WARRANT WATCH -By 1 R Sivanithy BACK in May, we highlighted the new warrants issued by Sesdaq's Noel Gifts International as a good, high-risk punt at 29 cents. Since then, the warrants have rallied to around 36 cents, only to fall below their starting level,
        3,660 words
    • Article
      CLOB INTERNATIONAL
      2310 26 MALAYSIAN STOCKS 6c Or 1*96 Last V«4 Day Laat 0wa4* Dk Oh VM M M Cap Hlpft law itno Carwpany Sal* COOP) HH» L— Bwyar SaOar Cw W US 5000 AISB50C MO -4 I DO M M )N 10 1* 14 M.* 400.0 H3 (4 ai 5001 AMMSOC
      2,310 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1288 27 TUMOVER COOO) VALUE (*000) CIO 7*1 cn» it* tnAlttri«l 18.271 6,572 24.843 68,479 13,713 #2,192 rtiwnc* 2.226 2.929 5,154 20.649 5,819 26,466 Hrtth 1.233 351 1.5*4 3,334 573 3,906 Pr«pwtlM 3,686 4.784 8,472 20.704 5.962 26,665 PUnMtton 248 248 5*0 580 MMnq 320 320 807 807 N-W 2,870 3,993 «.8«3
        1,288 words
      • Article
        MAIN BOARD
        4721 27 Or 6r M wt 1996 Last Vol Day Last Ouata W» 0«« VM Net Cm Am L— »tH» C»iii»ny hit rooo) Hlfll Law Boyar Mar H Pw P/t MMn INDUSTRIALS 5146 ASE NT$10 200 US- 214 165 1258 Acar 50c US180 id -2 626 182 180 179 180
        4,721 words
      • Article
        SESDAQ
        959 27 Or 6r m m J 99 La«» Va» Bay Lot Ouata DN Oiv YM Nat Cap Avg gg L »«W Cwn#w v Sat* COOP) H» L— l»r« 8a8ar CV P/E $mit Prtc. mi 2 JS 122? 220 4 7 220 21 226 230 3-0 V*-2 0.1 137J 97 8
        959 words
      • Article, Illustration
        HOT STOCK
        72 28  -  -9f Paul Leo UNITED Industrial Corporation fell 6 cents yesterday to $1.40 on a strong volume of 1.54 million shares nearly twice the lOday average of 795,600 units but there is no need to panic. Relative Strength Indices and momentum indicators are neutral. In fact, the downward trend
        72 words
      • Article, Illustration
        M'sian shares more resilient as Dow fall takes its toll
        899 28  -  STOCK MARKET COMMENTARY Brokers see no recovery in the face of poor earnings reports unless the US bond market stabilises By R Sivanithy [SINGAPORE] As expected, local stocks fell sharply yesterday in reaction to last Friday's plunge on Wall Street
        899 words
      • ON THE GRAPEVINE
        • Article
          Tub story
          128 28 RUB a tub, tub. The "great bathtub debate" went into full swing at executive condominium developer, Pidemco Land, last Saturday. Company executives were taken up with the big decision of what to provide in their condos' bathrooms a bathtub, a shower or both. While most Singaporeans take a
          128 words
        • Article
          Room at the top
          128 28 HERE'S a bit of a cheer for heads of research at stockbroking firms in these trying times. Recent changes in several firms show that there is room at the top for research directors. Examples include Christopher Chong, former head of research at Kay Hian (James Capel),
          128 words
        • Article
          Calling it a day
          76 28 THE word is that OCBC Asset Management's executive director Goh Cheng Chua is calling it quits, at least for the time being. Having worked almost 27 years, and the past five and a half with OCBC's fund management arm, Mr Goh is heading off for a
          76 words
        • Article
          Taming Bangkok's traffic
          82 28 THE Foreign Correspondents Club of Thailand [FCCT] informed its members that newly-elected Bangkok Governor Bhichit Rattakul will address them on July 24, instead of an earlier indicated date. The advisory added in brackets that "no, he's not held up by traffic, which appears to be easing!" Shortly
          82 words
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      163 17 —TT&mrmm I lmsml Others Work Communicate... We Go The Extra Mile To Make Communications Work For You. At Singapore Comm, we take pride in providing you with the finest keyphone systems from Nitsuko to satisfy your communication requirements. Anda highly reliable aftersales team to give you the professional support that
      163 words
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      1221 19 "Business mill never be the some." m f B_ Mr. Dietmar Hopp one I ||l I who started m v inoi a cow. I communications technology from the Technical University of Karlsruhe, Mr. an that shows the different m,erest IBM as a parts of a cow. In the real cow,
      1,221 words
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      291 20 THE LATEST MULTIMEDIA EXPERIENCE The Powerful One-Card Solution For All Your Desktop And Internet Communications axmac^ne warn e—r Sound card J Functions** 3D sound effects The Best Communications Solution any multimedia PC into a full-function play your favorite CD sas on-hold' music brilliant 16-bit audio provides you after Call now
      291 words
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      63 21 i 21} ■■■■■■■■BBHBHBi lirvrspJSSS® SOON YOU CAN *iSP JBKmSUF&WBm V > <' >: OWN A PIECE m .AMI&IIW'' OF YOUR FUTURE ...find out more at our exhibition next week. x W :i f; i HRSMffiiSsHm ->•••'• C L'L'*' r\ A •v/ Exhibition Dates/Venue 1 A 1 O 1..L 1 aa/
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      Page 25 Advertisements Column 1
      28 25 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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      Page 25 Advertisements Column 2
      27 25 Curiier boubque/ Ngee Ann City, Tower B, #01-11. 391 Orchard Road. Tel: 734 2427 Hilton International, #01 -04, The Shopping Galery, 581 Orchard Road. Tel: 235 0295
      27 words
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      Page 26 Advertisements Column 1
      158 26 \r\ iUf x K t Wmtf/y r *ff!Eftfr w i SSingapore Handicrafts presents the splendour of the majestic rosewood. //lt7ly/l |/fl f)\ 7 i^^BII i Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's f*"-" leading rosewood specialist. A rosewood masterpiece with its refined lines
      158 words
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      Page 27 Advertisements Column 1
      222 27 Invest In The world's Giving you the opportunity to invest in the future of the emerging markets of the world is the Templeton EMERGING IVIARKETS Investment Funds Emerging Markets Fund. Invest before 12 July 1996, and you'll receive a discount in the form of bonus units based on the value
      222 words
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      Page 27 Advertisements Column 2
      137 27 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quickstock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period Q 12 months 1 6 months 3 months at 5560.00 at S
      137 words
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      Page 28 Advertisements Column 1
      131 28 BUSINESS Notices TO ADVKRTISi: (All. TOM -IRK IX(I0 7 4 I IXS <] All of these securities having been sold, this announcement appears as a matter of record only. July, 1996 U*****,000,000 A' People's Republic of China VU% Bonds due 2006 CS First Boston Morgan Stanley Co. iMenuuonal Daiwa Europe
      131 words
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      Page 28 Advertisements Column 2
      784 28 IN THE MATTES OF THE COMPANIES ACT, CAP. 50 And HO KONG ENGINEERING (SEA) PTE LTD (la Voluntary Liquidation) At an Extraordinary General Meetint of the members of HO KONG ENGINEERING (SEA) PTE LTD duly convened and held at Blk 7 lOAAn| Mo Kk>Ave. B*o2-2633. Singapore *****0 on Monday. Ist
      784 words
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      Page 28 Advertisements Column 3
      176 28 Slngapore Closing Share Prices 08/07/1996 CLOSE PREV LOW HIOH tllll# uss uss uss uss millWW Jardine Matheson 6.90 7.00 6.75 6.95 FITOIH Jardine Strategic 3.16 3.20 3.12 3.16 LKSSSrJ Da,r y Farm 0.87 0.86 0.83 0.87 Hongkong Land 2.22 2.29 2.21 2.26 ■J9I?TPI!g| Mandarin Oriental 1.43 1.42 1.42 1.45 mmma
      176 words
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      Page 28 Advertisements Column 4
      125 28 The 1 Business Times A bold newlookndaf^woachto(henews«dvtws. Fastt wih die news, and with Ihe meaning of fcc news. Sharper focus on business ad nates. Deeper analyssof trends, and more opmor and commeaaty ■Start my jTHEBUSINESSTIMES (Subscription now! I $265.20 (12 months for local) (Ik toe eduda defary tfufß, fappfatt, nf
      125 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      312 29 Reuter Knight-Ridder TRADING was very slow on the freight market today with most of the US players taking advantage of an extra long weekend following the Independence Day holiday. There was little activity in the capesize sector of the market. Activity was limited in the bulk carrier sector.
      Reuter; Knight-Ridder  -  312 words
    • Article
      MARITIME STOCKS
      284 29 so too *1 11 HI «rT Distribution 1.43 -0.02 26 Oman Hup 104 unch 47 Coeco Investment _L44 -0.03 42 FILS 7 JO -0.15 205 rfiMghtUnfcs 0.74 GbHoidtogs 1.05 uncti 16 Hal Sun Hup 1.07 *0.02 440 Hitachi 2osen 0.945 Imc Holdings HK 5.60 Jaye Holdings US Jurong
      284 words
    • PORT Shots
      • Article
        Lock icon Hitachi Zosen wins order from U-Ming
        55 29 AFX-Asia [TOKYO] Hitachi Zosen Corp said it received an order for a 37,800 gross tonne bulk carrier from U-Ming Marine Transport Corp. The vessel is to be completed by early 1998. This is the first contract to be won in seven years from the
        AFX-Asia  -  55 words
      • Article
        Lock icon Chemplast to buy ships for US$42m
        76 29 Reuter [MADRAS] Indian chemicals and shipping firm Chemplast Sanmar Ltd is buying two second-hand ships from abroad for US$42 million (5558.8 million), a company official said yesterday. "We are getting the first ship this month and another next month," P S Jayaraman, executive director
        Reuter  -  76 words
      • Article
        HK's seamen training centre may close
        63 29 [LONDON] Radical proposals, including the possible closure of Hongkong's Seamen Training Centre (STC) and the scrapping of the Merchant Navy Training Board, have been put forward in a draft consultant's report to Hongkong's Vocational Training Council. STC staff were told over the weekend that
        63 words
      • Article
        Philippine cargo volume up 4.5%
        59 29 [LONDON] Total volume of cargo handled in Philippine ports increased by a 4.5 per cent to 66.1 million tonnes in the first six months of this year. Philippine Ports Authority figures show containerised cargo increasing by 8 per cent, to 13.7 million tonnes but most
        59 words
      • Article
        Lock icon Radar system for Gulf of Aqaba
        71 29 AFP [CAIRO] Egypt will set up a radar system in the Gulf of Aqaba with European aid to prevent ship accidents, Public Sector and Environment Minister Atef Ebeid said, quoted by the daily Al-Ahram over the weekend. Mr Ebeid said the European Union had
        AFP  -  71 words
    • Article
      Cho Yang joins Bridge Line on Aussie trade
      352 29  -  ANL appoints Dongbo Shipping Company as its new agent in Korea From. Jerzy Farynski in Sydney BLUE STAR Line's subsidiary company, Bridge Line, and Cho Yang Shipping Company Ltd of Korea have entered into a joint operating agreement on the Australian trade.
      352 words
    • Article
      New ISM code expected to raise shipping standards
      271 29  -  Court judgments will reflect this, shipowners told By Yong Mei Fong [SINGAPORE] The International Safety Management (ISM) code, when it conies into effect from July 1 1998, will result in higher shipping standards, expected to be reflected in court judgments on shipowners
      271 words
    • Article
      UK study may spark more control of ship emissions
      111 29 [LONDON] A new study released by Britain's Marine Safety Agency (MSA) may add impetus to measures controlling emissions from ships. The study by MSA found that total sulphur dioxide and nitrogen oxide emissions by shipping in the north-eastern Atlantic were equivalent
      111 words
    • Article
      Lock icon France to axe 6,700 jobs at naval yards
      162 29 AFP [PARIS] France will cut some 6,700 jobs at state-owned naval shipyards around the country by the end of 1998, but there will be no enforced layoffs, according to the French defence ministry. Some 1,870 jobs will go due to natural departures
      AFP  -  162 words
    • Article
      Lock icon Indian govt in talks to set up warehouses in E Europe
      232 29 Business Line [NEW DELHI] The Indian government is holding talks with East European nations Poland, Romania, Slovenia and Croatia to set up warehouses in their port cities. Gdansk in Poland, Constatza in Romania, Koper in Slovenia, and the Split
      Business Line  -  232 words
    • Article, Illustration
      Lock icon Cargo hub blooms in desert
      1136 30  -  MIDDLE EAST PORT: DUBAI BUILDS ON ITS STRATEGIC LOCATION The world trade capital of the United Arab Emirates wants to start direct flights to the US, double the size of its international airport and create a free-trade zone for air cargo similar to its successful
      Journal of Commerce  -  1,136 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      288 30 PAGE Evergreen 6 n Everprime 13 ANL 3 Famous 7 Able 13 Feedertrans 13 It Accord 12 Fl-Bnght 7 Ahrenluel 4 FoongSun 12 Appenstiip 4 Frota 12 Astro 3 Fit World 7 Austral 11 Link 5 Avant 6 Gemartrans 13 BSA 7 Genshpg
      288 words
    • Article
      SHIPPING GUIDE
      15546 36 EXPORT ETA ETA Advertiser Vassal Voyiqa Talaphona ETA ETA Advartlsar Vnut Voyaqa Talaphona SIN Dast'n Nama Nam* Number Number SIN Dastn Nam* N«m Numbar Numb* ■■■■MMMMHWaHHHHINHMMBBHMMMIHMMMMHI ■MHMBMMMMHMMWWMMMMMMHHMHMMMMMMMBNMHNNMMMI AH/07 n/ot DSEN SPEVDE VRADEOS WL423 65-*****66 IS/07 ll/ot Ivaran SPEVDE VRADEOS SV603S 65-*****22 Ta Ann tinr um MAT 15/07 n/0#
      15,546 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        2203 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/EfeUncc Rstls Voy Mo Etb/Btr Ptflod from To From At« J*U 2S88 11/1700 28 08/1700 09/0659 09/0900 J 09/0700 09/1159 09/1400 4 09/1200 09/1459 09/1700 Aca Lltac 059* 09/1400 1* 08/1500 08/1659 08/1900 AcTsoan 330* 09/2300 18 08/1500 08/1659 08/1900
        2,203 words
      • Article
        CONVENTIONAL WHARVES
        593 43 Voy Wo Btrtfc Arrival D*p«rtitrc Jowl Nft **■'»»<**• 96/01 J1I Montwte 09.07/2359 I** *295 *2 dongsid* 09 07/7300 •""i 9605 J02 alongside 08.07/2100 •""f 12/96 JOI tlonqsid* 08.07/1700 •*«*> ***** JOI ttonqvot 09 07/0900 6t 1*7 77 ***** JO! along*!tfa 08.07/1000 w *****6 JOI (long|Mt 09.07/0645 p«| N0795
        593 words
      • Article
        GLOBAL HOLIDAY
        155 43 JULY 9 Argentina: Independence Day. Morocco: King's Birthday. JULY 15 Iran: (tentative) Death of Prophet Mohammad. JULY 17 South Korea: Constitution Day. JULY 19 Nicaragua: Revolution Day. JULY 20 Colombia: National Independence. JULY 22 Belgium: Belgian National Day. JULY 23 Egypt: Revolution Day. JULY 24 Venezuela: Birth of
        155 words
      • Article
        COCKETT BUNKER MARKET REPORT
        822 43 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 average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        822 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Hyundai workers to stage strike next week
        155 44 AFP [SEOUL] Thousands of workers at South Korea's giant Hyundai Group said yesterday they would stage a oneday "warning" strike next week to protest against the group's lukewarm response to wage demands. "VVe'Ve decided to walk off the job at six subsidiaries on
        AFP  -  155 words
      • Article
        Lock icon Safety officers probe Delta runway accident
        398 44 Delta's maintenance records for the 8-year-old MD-88 plane being reviewed Reuter [PENSACOLA, Florida] Federal safety investigators examined on Sunday the twisted remainder of an engine that blew apart, spewing shrapnel into a Delta Air Lines jet and killing a mother and her 12-year-old son.
        Reuter  -  398 words
      • Article
        Lock icon Airline expected to rebound quickly
        222 44 Bloomberg Business News [ATLANTA] A Delta Air Lines Inc jetliner accident that killed two people on Saturday won't slow the airline's rapid rebound, analysts said. Shares of Delta, the nation's third largest airline, could fall in the wake of the accident but should recover quickly,
        Bloomberg Business News  -  222 words
      • Article
        Lock icon Another incident with engine trouble
        122 44 AFP [WASHINGTON] A TWA flight made an emergency landing when its engine lost power, just hours before two people were killed in a Delta Air Lines when a similar engine caught fire, said a spokesman for engine maker Pratt and Whitney on Sunday. The two
        AFP  -  122 words
      • Article, Illustration
        Lock icon Dhaka's clean-up drive
        46 44 [DHAKA] A truck removing unlicensed rickshaws during a city clean-up drive yesterday. Dhaka municipal authorities have asked police to crack down on illegal rickshaws in the Bangladeshi capital of nine million. They say the city has some 300,000 rickshaws without permitsfor operating. REUTER
        REUTER  -  46 words
      • Article
        Lock icon NZ's Kiwi airline eyes Aussie domestic market
        219 44 There is growth potential with creation of single aviation market Reuter [WELLINGTON] No frills carrier Kiwi International Airlines sees major opportunities to fly domestically in Australia when a single aviation market with New Zealand is created. Transport ministers of the two countries said
        Reuter  -  219 words
      • Article
        Lock icon Auckland airport closed for 2nd night
        104 44 Reuter [WELLINGTON] New Zealand's Mount Ruapehu spat glowing rocks bigger than cars yesterday in its biggest eruption for several weeks, and volcanic ash clouds closed the country's biggest airport for the second night running. Airlines raced to get flights out of Auckland airport before
        Reuter  -  104 words
      • LOG Book
        • Article
          Lock icon Airbus: Japan has no jurisdiction in suit
          90 44 AFP [TOKYO] Airbus Industrie asserted yesterday that a Japanese court had no right to handle a damage suit over the 1994 crash ofa China Airlines (CAL) Airbus Jet that killed 264 people, news reports said. At the first hearing into the 25.75 billion
          AFP  -  90 words
        • Article
          Lock icon 1st non-stop Lufthansa flight to Shanghai
          51 44 Reuter [SHANGHAI] Lufthansa German Airlines started its first non-stop flight from Shanghai to Frankftirt yesterday. Departing Shanghai at iao6 (local time) and arriving in FrankfUrt at 1806 (local time) every Monday, the new non-stop flight is aimed at meeting growing demand, a It spokesman
          Reuter  -  51 words
        • Article
          Lock icon KAC air cargo up 12% last year
          66 44 Reuter [KUWAIT] State-owned Kuwait Airways Corp (KAC) boosted air cargo volumes by around 12 per cent to 98,400 tonnes in 1996 from 83,000 tonnes in 1994, the Kuwait News Agency reported yesterday. KAC's passenger volume rose 11 per cent to 1.96 million in
          Reuter  -  66 words
        • Article
          Lock icon KLM seeks pact with Northwest: report
          73 44 Reuter [NEW YORK] KLM Royal Dutch Airlines NV is seeking a binding flve-to-10-year contract with US partner Northwest Airlines Corp within the next 12 months, 77k Wall Street Journal reported yesterday. The contract would ensure continuity of the carriers' trans-Atlantic alliance. However, a Northwest
          Reuter  -  73 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1323 44 CITY fUCHT ETA FU6HT ETD 6—»a SM87 2320 AfcaOfcaM M974 2315 fiiuirtiiWC CZ354 0925 MfUt S0230 1830 Hanoi VN74S 1300 VW744 1400 OW 1*30 VM741 QIO VM740 VHP Amtartaa GA897 1045 GA892 0030 HatYai TG407 2105 TG408 0620 WJ37 1445 K1844 0040 MM95 2145 MM96 1805
        1,323 words
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      13 29 Cargo hub blooms in desert Dubai builds on its strategic location. Page 2
      13 words
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      Page 29 Advertisements Column 2
      290 29 Probe into Delta runway accident Delta's maintenance records being reviewed. Back Page Th® MawaohaMtU Port J (Massport) has appointed local firm Asia Quest Associates as its trade representative for the Asean region. Massport, which owns an{l operates key air and sea transportation in the greater Boston area, hopes to facilitate
      290 words
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      584 30 r-mmmmmmmmmmum H SINGAPORE CAUFORNIAEXPRgSS (DIRECT FROM WIST COAST) IQULF KARACHI EXPRESS (OKX) YtSSB VOY OAK VAN SfA LA SM VBSa VOY OMN MA »u QX SM MPTUM AUXAMMETt 24W 17/0* 20/04 21/0* 23/0* 12/07 HONG KONG EXPRESS 01W 02/0* 03/0* o*/0* 07/0* 25/0* UMSOW 01W 24/0* 27/0* 20/0* 10/07 NOLTOPA2
      584 words
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      Page 30 Advertisements Column 2
      711 30 Ljn 4 services represented ii^S^V\**°*»* Regotry of Member.o<the Accredited Shipping Agents. Singapore Freight Forwarders. S'pore National Shipping Assoc Association j r &jjPMTjMESOI« Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 •Jarrod Leong 740-2089 Philip Koh 740-2382 T EXPORT 3 X Japan 2 Hongkong 1 Mon.to •1 Koo»h.«ng
      711 words
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      1255 31 PAOfK SOUTH WIST EXPRESS (MRECT) waa Ivor Ina Isoieta Iswnp lux lixt I mbo I oo I wrc ar Ihou I nop sm mm* ook lot/c; 10/07 111/07 1 at/a/ 30/0; I 31/0/ 1 31/07 oi/o> 01/01 131/07 131/07 02/00 AfITHAOAM) OOtf lls/07 17/07 11/07 02/01 06/00 07/01 00/00 00/00
      1,255 words
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      Page 31 Advertisements Column 2
      1886 31 0 HANJIN SHIPPING I USA CANADA* su m m top cm on |dbi |r»t|ow|««|ios|itTc|og tvi Iml n> I rrt Inc 1 oi/w mm w/w m/m w/w o*/m w/w It/op" wToT w7w~ ot7w~ woT" Jim w/iT ~w7oo~ w7w~ "ot/w" 07/w w/w n/w n/w n/w n/w n/w 12/w u/w li/oF Is/op" W
      1,886 words
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      Page 31 Advertisements Column 3
      163 31 nm ORIENT EXPRESS LINES [VaM/J WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSa VOY SINGAPORE BOMIAY VISStt VOY MXOAY SIWCAfOtI I Orient Mumboi 100 18/07 26/07 Orient Mumboi 100 26/07 11/08 Lomphun Novae 200 28/07 05/08 Lomphon Novae 200 05/08 18/08 Eli« 300 04/08 12/08 Eliza 300 12/08 25/08 j Orient Mumboi 101
      163 words
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      1490 32 «BR VOY HAM rDAM MIT Utt STOH MELANG SM HIE UO TYO SM KOK NAG TKYOIAT Bt£D?s" ~i7/* ~?i/t V 7 13/7 1 wm I*o4 ivt 17/4 H/t H/7 It/7 snmsAtrawss ikazs u/t ?i/t rut, \\n \vi \m nn w w nn cmw 3ta?s n/i njk ?s/> 15/7 \in nn
      1,490 words
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      Page 32 Advertisements Column 2
      1530 32 I NORASIA I I VESSEL VOYSIN QOA LAS BCL VAL ALO ROT«^F^LMA| I 2£221??» 22J IM7 «M» 04TO 1168 1368 0868 OftTO 0408 11/08 I "O" "Af- TA 9826-3 2467 09.08 UOB 11TO 18.06 2OtTO 15TO 1&TO ***** 1108 I I NORWEL *I*7 mm 21M uro 2MM vn 2zro 2aw
      1,530 words
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      Page 32 Advertisements Column 3
      436 32 Direct Container Service to IT Fangcheng i Zhanjiang •MM/ Vessel S'pore Fangcheng Zhaniiang LiANBAO 21/07 26/07 28/07 I /VO/?TRANS TEL- 65-*****67 FAX: 65-*****90 _I 1 Effrr Liwr Snrto Tt Iwjbk 41— Multi-Purpose RO/L0 Carrier Accepting: RO/RO, Ramp Capacity opto 40 tons Heavy Uft opto 68.5 tons ~Z Comnatioad/ Break Bok
      436 words
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      Page 33 Advertisements Column 1
      1107 33 STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 K«pp«l Towers Singapore 0208 Tel: *****88 Fax: *****17 SHAH lIBUNCI CONVENTIONAL SERVICE I SARAWAK CONTAINER SERVICE I I vot |anl mm la Ivissa vot IsmoAroti I kuching sromsm WHi u/07 i//o/ u/07 (ahaka jn w-n vhhu \\jv u/o; SHAHS HOfl VHI7I
      1,107 words
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      Page 33 Advertisements Column 2
      1340 33 i. age w ACCEPTING TO TUNIS, TRIPOU AND KNGHAZI VIA GENOA, CASABUNCA AND ALGIERS VUMARSOIES. > rw 16mmA Tttl M« OhIIWMMI II tCi >ll I 42»5*41/$44 mOUOfTKL A*m, o*t ICOSTAK SHtPPING P7I LTD **Z*'£L U4 taikcat en 4MUS coaM/uammmmm. Cmt+mi/l *mm tmt+m.tnsns i. r num t*m— mnH7-Mi****** cimtr tamku-tmtm-M uv
      1,340 words
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      Page 33 Advertisements Column 3
      560 33 WTfQVWO EB fSL_ JBL _Ji itMOWiIOtWWMMIMMBIiMM WMIHAI?U/M»; 07/07 OjW 10/0/ II 12/07 15/07 17/07 H/07 11/07 23/07 24/07 2S/07 VAQ 24/07 ?l/07 HH7 mmjßjm jiM. IW 21/07 tvu 2V07 v/v mi mi WKHAI7I?/MHO 14/07 15/07 17/D7 IHI/07 22/07 24/07 25/07 3Q/D7 31/07 01/01 03/01 02/01 04/01 31/P VMAM HAJ 21S/MP3I
      560 words
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      1270 34 BBS® EUROFt/UK/SCANDINAVW/FINIANO/RUSSIA D»ru Du J®" *HW HBO THP LHV LHV THP RDM ANW HBG PKL SGP I •SS&SS 0/2 I?. s£. ML f GAILAHT Ri-047 M MM 11/» 1M 14/» 0/7 10/7 I REWARD RV* 01! 27n ?2« !2 a 2 1 1M 21* 22Jt 15/7 17/7 I RIGHT RW
      1,270 words
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      Page 34 Advertisements Column 2
      1024 34 I VISStL VOTAM W Ml IN DM UN IWT Ml VESSEL VOYAGf Dill ABU DMN MM SGP B I ■UMONNUO 0411OTIW 11/W H/B7 ?VW 7VW 7VW UN COKNO WO7OT* MA* 01/07 M/ 07 03/07 15/07 I ■iNOKMN 0413 033W ***** 71/07 30/07 31/07 31/07 31/07 UNKOtONA MMoS 07/07 M/ 07
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      Page 34 Advertisements Column 3
      738 34 |2| RICHFIELD MARINE AGENCIES (S) PTE LTD V TEL: *****33 (12 LINES) S FAX: *****15/*****03 TELEX: RS ***** RtSHIP (3 Lines) CR NO: **********0E PSi ETHIOPIAN SHIPPING LINES" r (National Lfaes of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vewi Voy ETA Loading for Spo'e Andhiat 44 WB 18/07 Abyot 45W8 28/06
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      Page 35 Advertisements Column 1
      665 35 Uk MYANMA pHSk FIVE STAR LINE (Myonfflar National Lin*) Loading lor Yangon (Rangoon) VKSII YOY SIN PKG PEN PGU ■MGUI 137W M PT MYOMATWA 160W IM PT MALAYSIA AGENTS: lOUSTUD SHIPPING AGENCIES KUL TU 02-03-*****00 MO; Til 02-03-37*4101 Kit Til 02-04-2****** PGO: TIL 02-07-*****21/4 BANK LINE (A stfvk* »f Aa4r»w
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      Page 35 Advertisements Column 2
      1023 35 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 I pna w I poo vkso/vot vot sin »ti> ant luh hoi 011 fti 10/07 12/07 13/07 N. PtONUI 327W 15/07 02/00 04/00 06/00 04/00 04/00 06/00 17/07 19/07 20/07 H.IUON MIW 22/07 09/00 11/00 11/00 11/00 11/00 12/00
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      Page 35 Advertisements Column 3
      484 35 FAMOUS CONTAINER LINES Jlfsß 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) Weekly Sailing To SCANDINAVIA Bejgen Oslo He s ink. Stavanger Dramraen <T ir Ji r J Stockholm XODTOeNBURG DENMmK*™ For bookings enquiries please contact *****33 FAMOUS MOLLY P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH:
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      Page 37 Advertisements Column 1
      44 37 To retrieve more schedules, just follow these simple steps... document 740-6000^^^f^^ tep be faxed Select the port \Enter your Step key in the four number /M #Jf digit code Key in your Example: fax number To HAMBURG (HAM) 2150 for calls within Singapore GeiTTiSny
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      531 39 I KU"MjAL Weakly LCL A FCL Services America MAERSK ASIA MAERSK OCTAVO 9627 NARA963O Port Country 15/07 22/07 Belize Cily Belize 18/08 25/08 Bridgetown Barbados 21/08 28/08 Cartagena Colombia 20/08 27/08 Castries St Lucia 20/08 27/08 Fort de France Martinique 21/08 28/08 Freeport Bahamas 16/08 23/08 Kingston Jamaica 18/08 25/08
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      Page 39 Advertisements Column 2
      1322 39 ADVANCE CONTAINER LINES (PTE) LTD AP I 140 Cecil Street, #12-00, PIL Building, Singapore *****0 M V TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL ———CR NO. **********0E IAWGKOK JAKARTA VtSStL VOY SM BKX SM VOY SIN *T UN SKISAMUT SKS2IS 10/07 Wed 13/07 Sot 17/07 VM S*MAJ? NUSA 906
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      Page 39 Advertisements Column 3
      894 39 |CR NO: **********0Z VESSELS VOY SX DAAWETTA LE HAVRE HAMBURG THAMESPORT ROTTERDAM AWTOBg V-LE D 6 GEMINA Hl9» oft*o7 21/07 3CVO7 31/07 02/06 03/06 06/06 VW-L£ DC LYRA VtMW 1&*07 28/07 06/06 07/06 09/06 10/06 12/06 VM-EDEVELA VI»» 21*07 04/06 13/06 14/08 IMB 17/06 19/06 W-LE 06 CAPEU-A TWW 11/06
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      Page 40 Advertisements Column 1
      1539 40 vesscl voy sm jkt [vessel voy sin pen ~^W luce. Tvov WM BKK EAOLE TIDE' 136 ~Tu» In Pt S«t 13/0 B.MAS QUA 6000 Tu« In PI Thu 11A>7~ NANTA BHUM 302N Tu« In Pt grt I 13/07 WANA Mflgj 3343 W>d_ 10/07 Sun 14/07 JAWU BHUM «717_ _Tho_ 11/07
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      Page 40 Advertisements Column 2
      1077 40 11 DUXTON HILL, SINGAPORE *****5 CR **********0N ifKAii f Hirrru sievici PORT KLANO PINANO VMMI VOY MM WCt VISML VOY I WW ypj 1 SRAKANt ***** ~wio 10/07 ~THU I 11/07 KITA V ***** WTO 10/07 ~F»I 11/07 SKA LINK 444N TMU 11/07 FKI 12/07 ALKAID 6029 FKI 12/07 SUN
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      624 41 I AG SINO EXPRESS SHIPPINO (PTE) LTD. V M M I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) Also accepting container cargo to: VESSEI/VOY ETA SIN ETAHKG ETA SHA W/T HKG: Beijioo, Chiwan, CHANG YIMG 9617/9618
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      Page 41 Advertisements Column 2
      762 41 CONTAINER LINES, INC Agents: MAC-NELS SPOBE: *****22 (24 UNEB) kucSno (082)^33 I I IV/ \~J CW NO. IaOQWIOOOOB SIBU: (094) *****9 MANILA: (932) *****91 u agja. saga? J 20TH ANNIVERSARY OFFER:SIN/LAEMCHABANG ANAN BHUM' V23N ETA SIN 14/7/96 I O/FRT USSSS/m. II CAU^MAC-NCL* *****028 1 1 ASIA W9OK EXPRESS (AEX) WESTBOUND
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      Page 41 Advertisements Column 3
      343 41 1 ATTRACTIVE FCL/LCL RATES TO~ Indian Sub-Continent Ports MADRAS/BOMBAY/ Z' CALCUTTA COLOMBO CHITTAGONG NHAVA SHEVA ft WENDER 'SE CONTAINER LINFjf ENQUIRIES BOOKINC® PLS CALL Jg TEL: 224 6744 O.K. LINE? meFULL CONTAINER SERVICE S 1 PORE/JAKARTA vessel VOY sm J(T TAMBANG VW 7311/7312 1007 12*7 W 14*7 16*7 S'PORE/SURABAYA/SEMARANQ VESSa
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      Page 42 Advertisements Column 1
      351 42 Shippingtimes BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 Docum«ntCodo If you need insurance coverage for your cargo, look no further. NTUC INCOME'S Cargo Insure-Line has just the plan for your importing and exporting business. Just consider our advantages. INSURE YOUR It's easy to apply.
      351 words
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      Page 42 Advertisements Column 2
      287 42 MH To advertise in Business Centre N <^740-*****. now 11 request for H. Document Code 11 8000 I SHIPPINGTIMES Business Centre Advertising thai dettven your business (acta through the lax Are you looking for a freight forwarder WhO 15... 00.. SFFA I m Reliable m Efficient tor P*®°* I Experienced
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      93 43 IS'porv P.Katang Loading PETR TOMASEVtCH 15/07 20/07 RdiVAtwAJK/Nai I CANAL PS 15/07 RdnVAtwAJK I Loads EJW.Maiayaia. Indonesia I Loading for 1 OZGE AKSOY DubatfA I MARIMAB Dubai/A DhatWßahrarVDammarVKuwart I PAN FORTUNE Dubai/A Dhabi/DammaiVJeddah/Aqaba I TERISICHORE Said I •Loads Singapore, EVYV. Malaysia, Indonesia I I Loading for I SAMMI FORTUNE Lot
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      Page 44 Advertisements Column 1
      68 44 .v i )«.> v- is' 3- X #S *->&■'''-■" v« > .w 'jv J/1 g| /\OTICE OF UpMOVAL 1 DANZAS (SINGAPORE) PTE LTD Container Freight Station To serve our clients better, Our Container Freight Station has moved to a bigger warehouse, effective 1 July 1996, at Blk 519 Kampong Bahru
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  • Page 44 Miscellaneous
    • Miscellaneous
      Page 44 Miscellaneous Column 1
      125 44 -A LEGENO: R Thunderstorm Terrieroture c X\ y Shower Weother ~S Wind drection with speed in knot* Rain vJ Cloudy Sky Wav Swfoc* winds or* indicated by arrows which fty with the wind Ci) One M circle represents catrn or light and variable winds J_ One half Heche represents 5
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