The Business Times, 11 July 1996

Microfilm: NL20621
Total Pages: 42
1 42 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 THURSDAY, JULY 11,1996
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  • Article
    MARKET SUMMARY
    68 1 sn 2230.42 (+14.98) PBbtoohp U *****2 (+16.87) ■1 BT-MQA U 1087.79 (+10.17) n MIIIFrMOOPi mm Mfand STOCK MARKET INDICES Wednesday Change KLSECOMP U&U 4J8 NIKKEI 2U778J4 -***** HANG SENO 1(U)11.76 -1757 SET INDEX 1JBIN +IM JAKARTA COXP _J77* +M7 MANILA COUP _JU7187 -1J» TAIPEI WH l,»M -102.64 SEOUL
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  • Article
    FINANCE
    66 1 minims U8S 81 USS L414 s ti»i tm DM MM 0.928 TEN IN MM 1184 Ml 0.4*1 M67 IHS It 129 AIM BAHT MM MM WPUHIM AMI MCI PUKE BATES SINOAFOMS* 6.44 KUALA LOWUI 8.15 JAKARTA BANGKOK U.75 MANILA 14M HONGKONG K7i TAIPEI 8.M SYDNEY 10.76 TOKYO 180 SEOUL.
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  • Article, Illustration
    Some sub-buyers dispute Emerald Garden titles
    561 1  -  Developer Lam Chang says no original purchaser has so far lodged a complaint By Conrad Raj [SINGAPORE] The Emerald Garden condominium project in Chinatown, launched recently by listed developer Lum Chang Holdings, appears to have hit a snag over the site's title. Several sub-purchasers
    561 words
  • Article
    Govt won't control rise in HDB resale prices
    436 1  -  Minister says no evidence of speculative activity By, Abdul Hadhi [SINGAPORE] The government has rejected requests that it ste"p in to control the rise in prices of HDB resale flats. At a briefing yesterday, National Development Minister Lim Hng Kiang said that
    436 words
  • Article
    Asian bourses firmer
    177 1  -  By] R Sivanithy [SINGAPORE] A firm overnight session for US stocks and bonds helped restore more stability to regional equity markets yesterday. In Singapore, the Straits Times Industrials Index managed to reverse a losing streak that extends back to the start of the month with a 14.98-point
    177 words
  • Article, Illustration
    Creative to take US$30m charge, quit production of CD-ROM drives
    575 1  -  Company looks certain to declare a big loss for the full year By] Kenneth James [SINGAPORE] Beleaguered Creative Technology yesterday safd it would take a US$3O million (5542.3 million) charge which would lead to a "significant loss" for its final
    575 words
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      Page 1 Advertisements Column 1
      165 1 DBBPB Watch out for this development guide plan The second part of the much anticipated guide plan for the downtown core will be released next month. For a preview of what to expect, seePgS ibwgTMPE flhfrgß, thispg. Creative has been putting a bold lace to a series of bad news,
      165 words
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      Page 1 Advertisements Column 2
      45 1 1 SM Lee to businessmen: If you think that there are market distortions in the pricing jflHs of factors of production, take it up with the Ministry of Trade and Industry. Full report of the Senior Minister's address MJtm to chief executives and employers, PgS
      45 words
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      Page 1 Advertisements Column 3
      88 1 ;iiil f l;iI It'll Ihi' c oni|K k lilion? lioosr I In- air rvpi i ss nmipany nho\ ilont' lli;il for Hie liisl IO vi'iirs. I I V•" 2S k. I*lll. Il:i» jn-l Imiii iisiiimil "11• -1 I \i»r« s «r\ii < lot lilt lOlli \iar in .1 r< ;it
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Don't overprice ourselves due to market distortions, warns SM
      493 2  -  Cost issue warrants close watch as gap with trade partners is closing Byi Chuang Peck Ming BUSINESSMEN who are of the view that there are market distortions in the pricing of certain factors of production should raise it with the Ministry
      493 words
    • Article
      Risk-averse mind-set will change
      413 2  -  Entrepreneurs will be created by new role models, regional boom: SM Lee By 1 Teh Hooi Ling NEW role models like tycoons Ng Teng Fong and Ong Beng Seng and the tremendous opportunities in the region will gradually change Singaporeans' risk-averse mentality to create more entrepreneurs,
      413 words
    • Article, Illustration
      Lock icon Growth poses exchange dilemma
      319 2  -  EYE ON THE ECONOMY Exchange rate By, Anna Teo THE strong growth momentum in recent quarters poses a dilemma for exchange rate policy, says Merrill Lynch in its latest report on the Singapore economy. Despite the absence of inflationary pressures, the GDP (gross domestic product) momentum
      Source: Dept of Statistics, Merrill Lynch est  -  319 words
    • Article, Illustration
      Second part of DGP out next month
      362 2  -  By] Diana Oon THE second part of the Development Guide Plans (DGP) for the downtown core will be released next month, and the first parcel of land to be sold will be the historic Fullerton Building, in about one to two months. The
      362 words
    • Article, Illustration
      Lock icon Millenia Walk's 415,000 sq ft mall about 90% leased
      219 2 SINGAPORE'S newest shopping centre, Millenia Walk, seems well positioned to capture a slice of the competitive retail business when it opens Friday week. The 415,000 sq ft mall is about 90 per cent leased and is expected to eventually house ISO
      ARTHUR LEE  -  219 words
    • Article
      New jobs offset retrenchment in manufacturing sector
      302 2  -  Chuang Peck Ming THE number of workers laid off in the manufacturing sector jumped from 3,000 in 1990 to 7,000 in 1995, but this was more than offset by the number of jobs created, Minister of Trade and Industry Yeo Cheow Tong said
      302 words
    • NEWS Roundup
      • Article
        Hitachi pouring $23m into R&D here
        101 2 HITACHI Consumer Products Pte Ltd's research and development (R&D) centre, which officially opened yesterday, will commit 123 million to R&D in the next five years. The centre is electronic giant Hitachi's first R&D centre for consumer products in Asia outside Japan and will serve
        101 words
      • Article
        Naigai Nitto targets logistics – and IDS
        78 2 Naigai Nitto targets logistics and IDS NAIGAI Nitto Singapore said yesterday it is developing a software system that would integrate its global operations, a move which may make it the first logistics company to benefit from the Economic Development Board's Innovation Development Scheme (IDS). Naigai Nitto Singapore, a wholly-owned subsidiary
        78 words
      • Article
        Chee Hean at Apec environment meeting
        48 2 ENVIRONMENT Minister Rear-Admiral Teo Chee Hean heads a delegation which is attending a two-day Asia-Pacific Economic Co-operation ministerial meeting in the Philippines on sustainable development. The meeting, which opened today at Makati City, includes topics such as urban management and clean technology.
        48 words
      • Article
        HK, Vietnam join S'pore fashion bash
        66 2 VIETNAM and Hongkong will be taking part for the first time in South-east Asia's largest fashion event, Fashion Connections Singapore '96, which will be held here this Sep 18-20. The show is aimed at promoting the fashion industry in Singapore and the region. It
        66 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      186 2 Chronoswiss Fascination of Watchmaking OPUS CH 7523S Investing in time. There are objects which reflect your cultivated lifestyle to perfection. Classic mechanical-movement wristwatches are among them. Watches by Chronoswiss are masterworks of traditional, high-precision, mechanical hand-made artistry. Their timeless, functional design is seductive. Hand-tinished, individually numbered watches will retain their
      186 words
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      65 3 r age VOLVO i■" T\"" ..V i a*' "A* c r VS !4. -f 5 J9G^ f SPi^*2Ss3^b&l??m§f*. >; i;^ t fffrmrif > v Sf ljs£ K Ignition. 173 bhp of explosive power. 200 kmph aftershock. 0 to 100 kmph in 10.4 exhilarating seconds. Volvo 850 SE. Hie new light
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  • FOCUS: PROPERTY
    • Article, Illustration
      Good start for Parc Palais
      687 4  -  Competitive pricing helps CityDev sell nearly 30% of phase one of the freehold condo project at the soft launch Bg\ Michelle Low [SINGAPORE] A DAY ahead of Pare Palais' official launch, City Developments has given the property market some reason to cheer it has already
      687 words
    • Article, Illustration
      New blueprint for Sydney
      446 4  -  Hie main intention of the city council is to increase the number of people living in the city From Surinder Singh in Sydney THE shape of things to come in the city of Sydney has been outlined in a development blueprint put out by the Sydney
      446 words
    • Article
      Commercial property warming up
      399 4  -  From\ Selva Kumar in Sydney SHORT-TERM investor sentiment on Australian commercial property is looking up for the first time in two years, with Sydney still riding high as the preferred location. The May 1996 survey of investor sentiment by property consultant Jones Lang Wootton has, for
      399 words
    • Article
      House Hunt
      1036 4 Selected property transactions for districts 11 and 21 (sectors 28 to 30 and 58 and 59) lodged between June 10 and July 6 Project Name/ Prop Contract Tenure Built-in/ Price Psf Street Name Type Date Land Area* (SQ ft) (S$ 000) Non-Landed Birmingham Mans Apt T7/4/96 FH 1066
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      215 4 Good Class Bungalow Site at Yarwood Avenue Off Duneam Road Site area of 4,785.1 sm approx. 999 yrs w.e.f. 1885 Potential to develop up to 3 good class bungalows Closing data of tender 31st July 1996 (Wednesday) at 3 pm. J For further information and tender documents, please contact: Sole
      215 words
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      Page 4 Advertisements Column 2
      83 4 COLLECTIVE SALE CONDOMINIUM SITE AT SHELFORD ROAD 16 &18 Shelford Road Site Area 59,944 sq ft /1 Pl°®Rat* o:l u pt° 4 \j StOreyS BiuittHi, v«. MSnrSH Prestigious residential district Close proximity to city 3~ J Zjy*"™ L centre, PIE and 525? I established schools and j institutions Closing date
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Confidence returns to bourse as Suharto gets clean bill of health
      512 5  -  JAKARTA Analysts expect investors to focus on Q2 earnings to be released soon By S N Vasuki AFTER a week of sharp declines, the Jakarta stockmarket recovered yesterday following news that President Suharto is healthy and would be returning
      Source: Bloomberg  -  512 words
    • NOTE Book
      • Article
        Lock icon Vietnam licenses S Korean projects
        38 5 AFP [HANOI] Vietnam has licensed two property investments by South Korean companies in Ho Chi Minh City worth more than US$25O million (*****.5 million), the Ministry of Planning and Investment (MPI) said yesterday.—AFP
        AFP  -  38 words
      • Article
        Lock icon Probe into KL judiciary demanded
        50 5 AFP [KUALA LUMPUR] Malaysia's opposition Democratic Action Party leader Lim Kit Slang yesterday demanded a full investigation into allegations of malpractice by 12 judges made by a former judge. He called for the independent investigation to restore public confidence in the "judiciary's integrity and impartiality".—AFP
        AFP  -  50 words
      • Article
        Lock icon Kelantan politics affects investments
        39 5 Bernama [KOTA BARU] The uncertain political situation in Kelantan is affecting investments, Deputy Mentri Besar Rozali Isohak said yesterday. Investments were slow in coming because industrialists felt that the present government was unstable, he said.—Bernama
        Bernama  -  39 words
    • Article
      Calm reaction to unexpected M$265m April trade deficit
      237 5  -  KUALA LUMPUR By Ho Kay Tat MALAYSIA recorded a trade deficit in April and not a surplus as speculated but the ringgit and stock markets still took the news fairly calmly. The Statistics Department revealed yesterday that the country notched up a
      237 words
    • Article, Illustration
      Lock icon Creating more space for cars
      69 5 [BANGKOK] A man working at the construction site of a new expressway here yesterday while in the distance, morning commuter traffic inched its way through the city. The Thai cabinet on Tuesday endorsed five new expressway projects with a combined distance 0f80.7 km and costing
      AFP  -  69 words
    • Article
      Lock icon Activists step up campaign against Heineken over Myanmar brewery
      368 5 ■BOSTON Reuter INVESTORS and human rights activists stepped up their campaign against Heineken's plans to invest in a brewery in Myanmar after Denmark's Carlsberg on Tuesday abandoned plans for a separate brewery there. The chief spokesman for Heineken, Koos Woltjes, said
      Reuter  -  368 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      186 5 This announcement appears as a matter of record only Takefuji Corporation U5D300,000,000 (Tranche A) and JPYs,ooo,ooo,ooo(Tranche B) Transferable Loan Certificate Facility Arrangers Lead Managers London Forfaiting Asia Pacific Ltd./ London Forfaiting Asia Limited Chinatrust Commercial Bank Cosmos Bank, Taiwan, Offshore Banking Branch ING Bank N.V. Tokyo Branch Kookmin Bank Korea
      186 words
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      Page 5 Advertisements Column 2
      695 5 ADVERTISEMENT Carder's New Tank Perfectly square, the innovative Tank Francaise watch A take on the original classic. Carrier's new Tank Francaise is the contemporary interpretation of the well-timed icon. The timeless traits of the very first Tank watch remain the case with parallel sides, the geometric winder with sapphire cabochon,
      695 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Smoother US-China ties?
      670 6  -  cam a WATCH Intractable differences over wide range of issues could derail upswing In relations By Lu Ning AT AN inter-department meeting in Washington to discuss alleged Chinese weapon proliferation, a senior official carefully laid out the negative impact which proposed US sanctions would have on US-China
      670 words
    • Article
      Lock icon Lake expects state visits to take place
      328 6 BEIJING Weather forces the US official to cancel Shanghai visit Reuter US NATIONAL Security Adviser Anthony Lake yesterday wrapped up a landmark trip to China that put aside months of bickering and laid the groundwork for the first exchange of state visits since
      Reuter  -  328 words
    • Article
      Lock icon China, Taiwan oil giants sign exploration pact
      294 6 TAIPEI Reuter STATE-OWNED oil giants from arch rivals Taiwan and China will sign a long-delayed oil-exploration pact today, chipping away at Taiwan's de-cades-old ban on state cooperation with communist China, both sides said. The deal, confirmed by both partners yesterday, opens the door
      Reuter  -  294 words
    • Article
      Lock icon China: HK budget talks moving forward
      196 6 HONGKONG Reuter CHINA and Britain yesterday ended two days of expert-level talks on a Hongkong budget to straddle the territory's mid--1997 transition to Chinese rule on a high note, the Chinese side said. "We are moving forward step by step following the principle of
      Reuter  -  196 words
    • Article
      Lock icon Immigration chief's retirement abnormal: China official
      100 6 HONGKONG Reuter THE DIRECTOR of Beijing's Hongkong and Macau Affairs Office, Lu Ping, told Hongkong television yesterday that the early retirement of Immigration Director Laurence Leung, announced last weekend, was "very sudden and abnormal". Mr Lu's remarks came amid speculation in Hongkong that the
      Reuter  -  100 words
    • Article
      Lock icon Industrial output up 13.2% in first half
      472 8 BEIJING But economy plagned by high inventories, mounting debt, state sector losses Reuter CHINA'S industrial output rose 13.2 per cent in the first half but high inventories, flagging sales and mounting debt coupled with soaring state sector losses were troubling the economy, economists
      Reuter  -  472 words
    • Article, Illustration
      Lock icon An eye for beauty
      84 8 [BEIJING] A woman shopper taking a closer look at jewellery on display in a department store here yesterday. The store, featuring handmade pieces importedfrom Europe, the United States and South-east Asia, caters to the growing demand for jewellery and precious stones. The Chinese spend up to
      REUTER  -  84 words
    • Article
      Lock icon Projects worth over US$1b abroad approved
      327 8 TAIPEI AFP Bloomberg Business News TAIWAN has given approval for local businesses to invest overseas in 226 projects worth US$l.OB billion (Ssl.s billion) in the first half of 1996, the Investment Commission said yesterday. The value of approved investment overseas in the six months
      AFP; Bloomberg Business News  -  327 words
    • Article
      Lock icon Law proposed to control Net pornography
      208 8 ■HONGKONG AFP HONGKONG yesterday published proposals it hopes will lead to a new law to control access to indecent and obscene materials posted on the Internet. The proposals published for public consultation included an amendment to an existing law that would bring regulation of
      AFP  -  208 words
    • Article
      Lock icon Chinese leaders pledge stronger ties with N Korea
      205 8 BEIJING AFP TOP Chinese leaders, including Premier Li Peng, have underlined the recent firming of shaky Sino-North Korean relations by highlighting Beijing's commitment to the regime in Pyonyang. "The Chinese Communist Party and government have always attached importance to their friendship with
      AFP  -  205 words
    • Article
      Lock icon Little love lost on Sino-Russian border
      230 8 JIEJINKOU, China Reuter YOU Yufa, the retired captain of a boat that fished a river dividing China and Russia, remembers 1969 when he slung an AK-47 automatic rifle over his shoulder before setting off to work. It was the height of the Cold War
      Reuter  -  230 words
    • SINO Brief
      • Article
        Lock icon Shanghai 1st half exports up 10.11%
        72 8 AFP [SHANGHAI] Exports through Shanghai rose 10.11 per cent from a year earlier to U556.59 billion (559.3 billion) in the first half of this year despite generally lower exports for the whole of China, news reports said yesterday. The Liberation Daily quoted Shanghai vice-mayor
        AFP  -  72 words
      • Article
        Lock icon China floods death toll rises to 500
        54 8 AFP [BEIJING] Floods ravaging central, southern and eastern parts of China have claimed at least 500 lives, according to the latest figures compiled yesterday. The total death toll from all the affected regions over the last ten days was put at 450 at
        AFP  -  54 words
      • Article
        Lock icon US worried about China wheat plan
        90 8 Bloomberg Business News [WASHINGTON] US Agriculture Secretary Dan Glickman said the US is worried about China's move to cancel about 550,000 tonnes, or 35 per cent, of its intended purchases of wheat. Mr Glickman told reporters after a speech at USDA he's assembling a
        Bloomberg Business News  -  90 words
      • Article
        Lock icon Chongqing gets anti-pollution loan
        58 8 AFP [BEIJING] The World Bank had extended a loan of US$42 million (Sss9 million) to the industrial city of Chongqing in China's Sichuan province to help combat pollution, Xinhua said yesterday. The funds will be used to close down two open furnaces at a steel-making factory,
        AFP  -  58 words
      • Article
        Lock icon Lee Teng-hui wants review of incentives
        55 8 AFX-Asia [TAIPEI] President Lee Teng-hui said the government must review protective measures and incentives protecting domestic manufacturers to enhance Taiwan's competitiveness, the United Evening News reported. The Council for Economic Planning and Development must work out concrete indicators to gauge its efforts to increase
        AFX-Asia  -  55 words
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      1428 7 c? I I HEN BEGINNINGS SOP OPENS NEH REGIONAL OFFICE IN SINGAPOOE. SHP The Componq i The year 1995 was SAP's most successful since its C 0 D in D(*ia Mr. Dietmar Hopp is one of founding in 1972. SAP group revenues increased by U II I 111 IISIO the
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      Page 8 Advertisements Column 1
      1015 8 I BANQUE INTERNATIONALE BlUll I I A LUXEMBOURG I Head Office: 69 route d'Esch, L-1470 Luxembourg I Singapore Branch: 9 Raffles Place, #22-01 Republic Plaza, Singapore *****9 I I Balance Sheet Profit and Loss Account I As at December 31,1995 For the year ended December 31,1995 I IMS 1994 1995
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      Page 8 Advertisements Column 2
      84 8 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters please contact: Michacl J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE
      84 words
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      Page 9 Advertisements Column 1
      36 9 :J|t. '~«-w I '^1 't. I KNNMKIIr. Sl^Syi.'"-"a^V-'i^... j I w HH i A k I J l '■■•*\s?&r fty*.'" J%J "**C?^^^l A J I I /If ;»fi^»^, I vMI XSmSSI vS;SBC *v -g^l*>^ML^^^>^Mgl3&l^'»MX^T :^r*X' i
      36 words
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  • ASIA
    • Article, Illustration
      Lock icon Japan-US business conference calls for weaker US$
      482 10 TOKYO Fears expressed that recent yen weakening could threaten falling Japan trade snrphu AFP JAPANESE and US business leaders wound up a three-day meeting here yesterday, calling for a weaker dollar and efforts to correct the bilateral trade imbalance that weighs heavily in
      AFP; REUTER  -  482 words
    • Article
      Lock icon Common phone card for 7 Asian economies in the works
      135 10 TOKYO AFP MAJOR telecommunications companies in seven Asian economies have started developing common telephone cards for calls among them, according to a Japanese newspaper. The Sankei Shimbun yesterday said an informal committee of common carriers in Hongkong, Indonesia, Japan, Malaysia,
      AFP  -  135 words
    • WORLD Watch
      • Article
        Lock icon Aid to poor nations at 20-year low: report
        68 10 AFP [SYDNEY] Aid contributions from 21 of the world's richest nations to some of the poorest fell in 1994 to their lowest level in 20 years, said a report released yesterday. The Reality of Aid Report found much of the aid still
        AFP  -  68 words
      • Article
        Lock icon Semiconductor exports seen 5.9% lower
        63 10 AFX-Asia (SEOUL] Semiconductor exports are seen falling 5.9 per cent year-on-year in the second half, with all export sectors expected to be hurt by a weaker yen, the Federation of Korean Industries said. It said shipbuilding exports will decline 1.8 per cent, car exports will
        AFX-Asia  -  63 words
      • Article
        Lock icon No change with OECD membership
        67 10 AFX-Asia {SEOUL] Finance and Economy Minister Rha Woong Bae said membership in the Organisation for Economic Cooperation and Development will not affect South Korea's stance on financial liberalisation and deregulation. "Whether an OECD member or not. South Korea will have to move forward in liberalisation
        AFX-Asia  -  67 words
      • Article
        Lock icon Budget deficit cut may affect rates
        75 10 Reuter [CANBERRA] Australian Prime Minister John Howard said yesterday if the budget deficit is cut there is an increased likelihood that interest rates will fall. "You can't say, X-cut in the deficit will deliver Y-reduction in interest rates. You can say, Y is more
        Reuter  -  75 words
      • Article
        Lock icon Okinawan governor makes appeal
        73 10 AFP [TOKYO] The governor of Okinawa Masahide Ota appealed to the Supreme Court yesterday to support his rejection of an order from the Japanese government to renew land leases for US military forces. The central government sued the governor last December for refusing to renew the
        AFP  -  73 words
    • Article
      Lock icon Govt to ponder zero growth for public works spending
      258 10 TOKYO Reports say proposal aimed at cntting huge budget deficit AFP THE Japanese government is to consider no growth in public works spending for next year's national budget to help reduce the country's huge budget deficit. The Yomiuri Shimbun yesterday said
      AFP  -  258 words
    • Article
      Lock icon Expat Indian group to invest US$3b
      137 10 NEWDELHI Reuter INDUSIND International Federation, a group of expatriate Indians, said yesterday it had given a commitment to the government of investing nearly US$3 billion (554.2 billion) in the country's industry. The group made this commitment in a meeting with Prime Minister H D
      Reuter  -  137 words
    • Article
      Lock icon Unions want minimum wage to be raised
      194 10 m MELBOURNE Bloomberg Business News AUSTRALIA'S labour unions yesterday said they are seeking an increase in the minimum wage to Asl2 (5513.52) an hour over the next three years. The unions want the minimum hourly wage raised to Aslo as the first step.
      Bloomberg Business News  -  194 words
    • Article
      Lock icon Enron hopes to start work soon
      147 10 ■BOMBAY Reuter US ENERGY giant Enron Corp said yesterday it would resune work on its Indian power project as soon as possible after tke federal government cleared the way for the US$2.5 billion (553.5 billion) project, India's biggest foreign investment. Enron officials in Bombay
      Reuter  -  147 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      760 10 NEW TECH PARK 151 LORONG CHUAN Floor area from 13,000 to 200,000 sq ft., State-of-the-art security systems including the unique hammerhead Covered loading and unloading facilities frontage court Virtually column-free space allowing e A a S. e Medical centre and sports facilities flexibility in ancillary office and factory layout Park-like
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  • THE WORLD
    • Article
      Lock icon Fed has many reasons to delay rate hike: ex-officials
      486 11 NEW YORK More evidence of inflation or labour shortages needed to reverse policy Reuter AFX-Asia THE Federal Reserve has plenty of reasons to delay a US interest rate hike until its next policy-making meeting in August, former Fed officials said. For
      Reuter; AFX-Asia  -  486 words
    • Article
      Lock icon US govt radio plans Asian language broadcasts
      322 11 WASHINGTON Coverage will include all big issues that often canse tensions AFP THE US government's new Asia Pacific Network (APN) will begin radio broadcasts in Mandarin with an emphasis on hard news and social issues by the end of summer. APN president Richard
      AFP  -  322 words
    • WORLD Watch
      • Article
        Lock icon No agreement on semiconductor accord
        57 11 Bloomberg Business News [TOKYO] US and Japanese trade negotiators concluded two days of working-level talks about the renewal of a controversial semiconductor accord with no agreement. More senior negotiators on both sides will meet again next week in New Zealand during a meeting of the
        Bloomberg Business News  -  57 words
      • Article
        Lock icon US should act against terrorists: Perry
        71 11 AFP [WASHINGTON] The US should retaliate if another country is found to be the source of the terrorist truck bombing in Saudi Arabia that killed 19 Americans, Defence Secretary William Perry said on Tuesday. He said investigators had not yet concluded whether the bombers
        AFP  -  71 words
      • Article
        Lock icon Netanyahu rebuffs US request
        55 11 AFP [JERUSALEM] Prime Minister Benjamin Netanyahu rejected a request from the US to commit himself to freeze settlement building in the Palestinian territories. The Israeli leader was asked to make the pledge during meetings with US Secretary of State Warren Christopher and President Bill Clinton in
        AFP  -  55 words
    • Article
      Lock icon Foreign investment up 19% in 1995
      154 11 U WASHINGTON Bloomberg Business News FOREIGN direct investment in the US rose for a third consecutive year in 1995 as the US economy continued to expand, government figures showed. Spending by foreign companies and their US affiliates rose 19 per cent to U5554.4 billion
      Bloomberg Business News  -  154 words
    • Article
      Lock icon IMF chief stands by debt plan
      118 11 YAOUNDE Reuter INTERNATIONAL Monetary Fund managing director Michel Camdessus said on Tuesday he would still promote a plan to sell gold to ease debt, despite a German veto. "There are some reservations but I am encouraged by the overall response I got in Lyon,"
      Reuter  -  118 words
    • Article, Illustration
      Lock icon US Senate raises minimum wage by 90 cents an hour
      294 11 WASHINGTON AFP THE US Senate voted to raise the minimum wage by 90 US cents an hour on Tuesday, capping months of contentious debate that pitted President Bill Clinton against the Republican leaders of Congress. Voting 74 to 24, senators
      AFP; REUTER  -  294 words
    • Article
      Lock icon Bundesbank happy with present interest rate levels
      264 11 DUESSELDORF Reuter THE Bundesbank is content with present interest rate levels and would prefer to observe key data longer, a Bundesbank council member said yesterday, further dampening hopes for an easing this week. At a time of historically low key interest rates, the
      Reuter  -  264 words
    • Article
      Lock icon Russia risks debt crisis: German institute
      336 11 BERLIN AFP RUSSIA is heading for another debt crisis after 2000 despite a record debt-rescheduling deal with creditors shortly before the recent presidential election, the DIW economic forecasting institute warned here yesterday. The rescheduling of US$4O billion (5556.5 billion) of debt would facilitate access
      AFP  -  336 words
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      Page 11 Advertisements Column 1
      72 11 nnouncing"Business it Proposition"from the fuv-starSUm City Hotel This special offer includes Deluxe Room, breakfast, all taxes and service charges pltis lots more. Or, for an additional g|{£\ US$ 40.00, u^ra^el Executive Suites To make your reservation, call 'be hotel directly or your 'ruivl agent today! i§ Sam City Hotel 477
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      Page 11 Advertisements Column 2
      491 11 outlook, investment and trading opportunities. It will also discuss issues such as the changing role and direction of national oil companies majors and deregulation in producing and consuming countries to cope with the growing market. i July 30 August 1,1996 n Global Market Outlook i v Shßngri-La Hotel, Kuala Lumpur
      491 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Both EU, Asean can gain from stronger ties
      787 12  -  THE BOTTOM LIMB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT TRADE has traditionally received top billing in Euro-Asean relations. But as both Europe and the Association of South-east Asian Nations seek new international roles, it's
      787 words
    • Article
      IN OTHER WORDS
      130 12 'If s a kind of a learning curve for Timor but we have to start somewhere, somehow.' Hntomo Mandate Pntra President Suharto's youngest son, on Indonesia's national car which is to be made by the Korean manufacturer Kia Motors in Seoul for thefirst few months. 'Competing with
      130 words
    • Article
      Market forces and M'sia telecoms
      586 12 EDITORIAL THE Malaysian government's decision last week to throw open the country's telecom sector to free competition among the six licensed players has only one certain outcome —the consumer will be the biggest winner. But how the competitive process will play out and who among
      586 words
    • Article, Illustration
      Lock icon Rising role of services
      1056 12 Does the split of output between manufacturing and service industries affect countries' economic cycles? POLITICIANS in rich countries often fret about the shrinking share of manufacturing in the total output of their economies. One worry is that it is only manufacturing, not services, that can create
      Source: OECD  -  1,056 words
    • Article
      WHAT THE OTHERS SAY
      843 12 Ortnm'a liibmllll—il ah— CHINA is ambivalent towards foreign investment. It needs the capital to develop its economy and offers a range of preferential policies to foreigners to lure them, but it has serious concerns about the impact of their investment. To attract foreign funds while controlling
      843 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 POOMESBURT By Gary Trudeau THAI JUST i&u&aTttcmup, I \[uhats amtMswf" moans' I AITHOUOH KXJUP ALMOST OVtK, ANPHZ STILL THAT MORAL QUAUTV SO XXJRSHAR£,6eTTIN6Maitt> I II IN FAIRNESS, /TfYCU HAvsmoPiuMSToeofGu&e pssfntial to-mefunction- wtwr&jwy sexvica. con- g maop also sot fair.Ut'ILHAVk TDS*JPFAJRN£tt! J IN6 OF AW SUCU&SFUL S6RVINS ReSOURC&S~ALL TH£ I EMBRACES
      61 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Vision of wine and movies
      1314 13  -  suzAHNE hamiin takes you on a tour of Coppola's winery in the Napa Valley SUZANNE HAMLIN NYT Ford as Iflusual. No matter that NiebaumCoppola is his winery here, not a movie set. He has a grand vision for it, and the pieces are now coming
      NYT  -  1,314 words
    • Article
      Lock icon Greenaway takes cue from war hero saga
      830 13 MOVIES Director strips R&oul Wallenberg's story down and plays with the pieces Reuter [ROME] Peter Greenaway, whose work delights and disgusts cinema-goers by turns, cheerfully admits that his latest films have been a bit off-the-wall. "I've made two rather obscurantist movies one after
      Reuter  -  830 words
    • Article, Illustration
      Lock icon Icelandic feasts provide a taste of the exotic for the brave
      716 14 FOOD drifcaCMß for special occasions include putrefied shark meat, whale and rams'testicles Reuter [REYKJAVIK] An invitation to a traditional Icelandic feast can be a terrifying experience. For although the North Atlantic island's daily diet centres around the international fare
      Reuter  -  716 words
    • Article, Illustration
      Lock icon Jog, walk, sprint or hurdle — in deep water
      852 14 Jog, walk, sprint or hurdle in deep water FITNESS Benefits of aquatic exercise result from buoyancy and increased resistance NYT [NEW YORK] Doug Stern's deep-water running class doesn't look like much more than 26 heads bobbing on the water's surface. But below, the legs are moving, unhindered and graceful. During
      NYT  -  852 words
    • Article, Illustration
      Lock icon Lean, leggy look for Chanel's winter fashion
      450 14 FASHION AFP [PARIS) For next winter Karl Lagerfeld dictated the lean and leggy look of his latest muse, Stella Tennant, in his couture show for Chanel, presented in the aristocratic sur roundings of the Ritz first floor suites on Tuesday. Inspired by her
      AFP; REUTER  -  450 words
    • Article, Illustration
      Luxury and looks on two wheels
      801 16  -  MOTORING Expensive, sought-after marques lend their allure to bicycles Reports by Christopher Tan [SINGAPORE] Many Western car makers from Audi to Skoda started out making bicycles, but few retain their two-wheeler roots. Those who do offer some of the best-looking and most high-tech choices
      801 words
    • BUMPER to BUMPER
      • Article
        Borneo Motors to recall Corollas
        72 16 Borneo Motors is recalling some 1,600 automatic transmission 1.3 and 1.6 litre Jfoyota Corollas in Singapore to replace part of a defective gear shift lever. The cars affected were manufactured between April 1995 and May 1996. Toyota Motor Corporation is recalling some 257,336 vehicles, involving
        72 words
      • Article
        New Mitsubishi engine for Volvo?
        68 16 MITSUBISHI Motors Corp is considering supplying its new fuel-efficient gasoline diesel injector (GDI) engine to Volvo AB of Sweden. It also plans to supply the new engines to its Joint venture with Volvo, Netherlands Car NV, in the Netherlands, where Mitsubishi's Carisma sedan is produced,
        68 words
      • Article
        Volvo optimistic on Japanese sales
        50 16 VOLVO Cars Japan Corp, the Japanese unit of Volvo AB, has raised its forecast of Japanese sales to 23,500 cars in calendar 1996, up from a January forecast 0f20,000. The company sold 20,503 cars in calendar 1995, up 33.1 per cent from a year earlier.
        50 words
      • Article
        New position for S M Motors'GM
        50 16 S M MOTORS veteran Eric Lim will soon relinquish his position as general manager and assume a new position on the board of directors. Mr Lim, who spent close to two decades at the Volvo distributor, will be replaced by someone from Cycle Carriage.
        50 words
      • Article
        Smart cards in fast lane
        60 16 OF ALL smart card applications, usage in public transport will be the second-fastest growing, after identification, in the next two years, according to an estimate by SGS-Thomson Microelectronics. Currently, about US$5.5 million (Ss7.B million) worth of cards are for public. transport applications worldwide. This is
        60 words
      • Article
        Renault unveils prototype light vehicle
        77 16 RENAULT has developed a hybrid prototype light commercial vehicle. Called Hymne, the new vehicle will have a 20.5 horsepower electric engine as well as a 58.5 horsepower petrol power plant. It can be operated either in hybrid or pure electric mode. In the former, it
        77 words
      • Article
        Free servicing for Daewoo cars
        87 16 DAEWOO agent Starsauto is now offering free servicing for the life of the car. Under the plan, customers will have their cars serviced free of charge every 5,000 km or three months, whichever comes first. The package includes labour and service components such as engine
        87 words
      • Article
        Corrections and clarifications
        39 16  -  -Compiled by i Christopher Tan IN LAST week's Test Drive table, the price of the Honda Legend appeared as "$248,888 (without COE)". It should have been "$248,888 (with COE)". We are sorry for the rft error.
        39 words
    • Article, Illustration
      Wheel power for charity
      242 16 [SINGAPORE] Cyclists do not just do it for cellulite reduction or the glory of winning. Of late, a group of them have been cycling for charity, mostly across the Causeway. The Bike Aid concept started in the US more than a decade ago. It was introduced
      242 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      171 13 HHHHjH I i HIIHHHWHHHHHJHHHHHHH 1 'yy*|c*^jK WSWSBM |T Pot Dispenser ■■■■II Room Temperature W w |HkM9 DLu ■r«i Hot/Cokj Counter Top B. V 7 Hot/Cold Water Dispenser R134 Ozona Friaraffy ComprMaor A Hot/Cold wtth £MMMb refrigerator WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Gokjhill Centre, S pore *****9 Tel *****88
      171 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      84 14 I "GOOD OLD I FASHIONED FUN. AT CLUB 5." English and Chinese all-time favourites performed 'live'. Drinking and dancing. Fashion show every Monday and Thursday. Happy Hours Monday to Friday, 5 pm to 8 pm, with one for one standard drinks. Club 5. It's the place for good old fashion
      84 words
    • Advertisement
      Page 14 Advertisements Column 2
      82 14 SERVINGS UNLIMITED! HELP YOURSELF TO C)W yime Goodies... Such meat dumpling Ihak chanty, mini dumpling, popiah, I dftp-frin) spring roll. itMiMd yam bun. (I«nwil minctd pork It shallot cake, iwffl peanut soup, sweet red bean soup, baked peanut pastry, mee teh, ang ku kueh, huat kueh, etc... Enjoy as much
      82 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      202 15 Where to wine, dine and entertain i 1 TL-*. l| SPECIAL SF.TIVIF.NI I I |j| 35% off from tha usual prlroi H I For 10 persons with a complimentary 111 0 J bottle of white wine. |J| B HH NOW:<SOIQ II I BY only yfix B Hi g] PALM SPRING:
      202 words
    • Advertisement
      Page 15 Advertisements Column 2
      190 15 i p-1 I t ixSBBYLbiJiN(;E Live Entertainment at LOBBY LOUNGE ■■■■■■■■■■a Peach Apple Tree and Starstrikers i Two versatile Bands from the Philippines will keep you swinging through the night with the latest Chart toppers, Rock Roll, Country j Western and Evergreens. J* 3 APOLLO HOT€L 4M NAfCLOCK MMO. —if
      190 words
    • Advertisement
      Page 15 Advertisements Column 3
      102 15 25 Scotts Road. Singapore *****0. Tel: (65) 737-7966 Fax: (65) 737-6646 CAKETuwiaN ie 9 Temperatures are a-rising at our Nasi Padang Buffet. Savoury choices include Ta.hu Goreng, Rojak Bandung, Rendang Ay am. Sambal Scallops and more $25.00 Adui. $16.80 Child 6JO pm to 10.30 pm For reservations, please call *****05
      102 words
    • Advertisement
      Page 15 Advertisements Column 4
      213 15 Home Decor I -For people who love their homes I Whe™ bring Singa Inn, of course! Singapore's laigest outdoor I seafood restaurant offers you the opportunity j to dine under the stars and enjoy the cool sea breeze at the same time! SiRSp IFfi seafood restaurant Offers more than ftwt
      213 words
    • Advertisement
      Page 15 Advertisements Column 5
      62 15 sTTtje Chinese Art of Healthy Eating" ■Kjgjppv s. A wide array of delicious herbal specialities prepared with the best selected herbs to enrich the body. For reservation, please call *****37. 317 Outram Road Singapore *****} Td *****88 H $1.60*: Phoenix Coffee House 60c*: The Pastiy Shop HOTEL PHOENIX 277 Orchard
      62 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      698 15 TV&RADIO LOO PM The 124H> AM Extra International 8.00 AM Morning News/CNN. L3O Money. Money, Money. L4O LLO NNNews r 0 T» 1 r 2.00 Asian Property Report *35 Beverly Hillbillies. £JJ ajo TV Innovations. Coomdown T P 20 ™m™an,i Archi- £2 Abtwtt and'cosleUo, P CS s 86,1 4.0. S^
      698 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      281 15 CRVPTIC CROSSWORD 1 On receiving a pardon, go and eat a 9 Gathers people for prayers (8) 10 led by this chap making a I I 1 I j BB I j j 12 Provide a footpath for quiet residen--13 Organiser of the entertainment saw in Paris and Rome (10)
      281 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      65 16 prices j What to do with I IfiucSSSr L; LJiml >MsS t Lte^^^T|^^feaS?| UimgWMj (Hayes? SW Na BB |mI B A, F? **>our jp and Scotts 28 """wee i °onipanv j Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of I STOP PRESS kiosks 7 Eleven Mobil
      65 words
    • Advertisement
      Page 16 Advertisements Column 2
      113 16 situated in South Perth/Como, an upmarket and exclusive suburbs near city, hospitals, universities and colleges private car park bay river view balconies security intercom and electronic gate Good rental income for leasing or short-stay holidays 7«cres up in the hills outer metro suburbs about 45 minutes from Perth, along main
      113 words
    • Advertisement
      Page 16 Advertisements Column 3
      81 16 KEPPEL FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Foreign Shareholdings Pursuant to Article 23(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Re) Limited, 7.32% of the
      81 words
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  • COMPANIES & MARKETS
    • Article
      IPC ties up with German firm
      342 17  -  Deal with Hagenuk Telecom involves developing new data communications products jointly By> Annette Pau [SlNGAPOßE] IPC Corp has tied up with a German telecommunications company to reap the benefits of combining computer and communications technologies. The personal computer maker yesterday said it was jointly
      342 words
    • Article, Illustration
      Lock icon Sea View shares surge to record on Amber Close news
      296 17  -  By. Abdul Hadhi [SINGAPORE] The Sea View Hotel stock surged to a record high yesterday after the hotel disclosed on Tuesday that it had paid a $35.84 million development charge in line with plans to redevelop its 326,580 sq ft
      Source: Bloomberg  -  296 words
    • Article
      Big 6 audit needed only in specific cases
      467 17  -  LETTER TO THE EDITOR Peter Chia Manager, Public Affairs Stock Exchange of Singapore WE refer to the article entitled, "Big 6 should not be the only players", in the July 6/7 weekend edition of The Business Times. The article reported on the
      467 words
    • Article
      Proton cost drive leading to car parts sector shake-up
      514 17  -  HOCK LOCK SIEW Ruth Wong IT ALL began when national car maker Perusahaan Otomobil Nasional Bhd (Proton) made known its drive to bring down the cost of Malaysia's best-selling car Proton. The solution: slash costs by squeezing the car parts vendors,
      514 words
    • Article
      Guthrie GTS buys land parcel for $15m
      208 17 [SINGAPORE] Developer Guthrie GTS Ltd has bought a piece of leasehold land in the River Valley Road area for $15.05 million. The mainboard-listed company said yesterday that the 1A Jervois Close site, off Jervois Road, is 2,570 square metres. Industry sources told BT
      208 words
    • Article, Illustration
      Lock icon Lindeteves-Jacoberg hits high of 78 cts on buy calls
      414 17  -  Market watchers attribute rise to analysts'revised buy recommendations By' Ven Sreenivasan [SINGAPORE] Newly-listed Lindeteves-Jacoberg (LJ) was chased up to a new high of 78 cents yesterday on the back of strong buy recommendations by broking houses. The stock of the diversified
      Source: Bloomberg  -  414 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon ABN Amro to double staff in Asia to 8,000
        411 18  -  Bid to break into consumer hanking market and expand global trading, asset managwnent bnaneas By Shiv Taneja [SINGAPORE] Dutch bank ABN Amro will more than double its Asian operations staff to 8,000 over the next three years in its drive to
        ARTHUR LEE  -  411 words
      • Article
        SEC declares Mulpha unit's meeting invalid
        409 18  -  Rival ((roup held meeting to elect board members despite ban imposed From. Al Labita in Manila SECURITIES regulators yesterday declared as null and void the Tuesday's annual shareholders' meeting of the listed unit of Malaysia's Mulpha International Bhd here. Board members were elected at
        409 words
      • Article
        Lock icon Tekala projects sales of M$175m next year
        288 18 Bernama [KUALA LUMPUR] Tekala Corporation Bhd, which is seeking a listing on the Kuala Lumpur Stock Exchange (KLSE) main board, is projecting a 17 per cent increase in turnover to Msl7s million (Ss99 million) and a pre-tax profit of Mss4 million for the
        Bernama  -  288 words
      • Article
        Lock icon Korea Telecom in Cambodia tie-up
        199 18 Reuter [SEOUL] South Korea's statebacked Korea Telecom said yesterday it signed a US$3 million (554.2 million) contract with LG Information and Communications and a Singapore firm for a telecommunications joint venture in Cambodia. Under the contract, the joint venture, Mekong Tele- com Mobile Inc, will
        Reuter  -  199 words
      • Article, Illustration
        Lock icon Saying it gracefully
        28 18 [KUALA LUMPUR] A native Sarawakian woman performing a traditional dance in a peaceful protest yesterday against the construction of the Bakun dam in Sarawak. REUTER
        REUTER  -  28 words
      • Article
        Lock icon Brierley eyes flotation for its Thistle Hotels
        417 18 Investment group's liquidity will increase after the listing Reuter [WELLINGTON] New Zealand's Brierley Investments Ltd said yesterday it had appointed advisers on a possible float of its British Thistle Hotels chain to increase the investment group's liquidity. A spokesman said that chief executive
        Reuter  -  417 words
      • Article
        IFS unit in joint venture leasing firm in Vietnam
        155 18 [SINGAPORE] A subsidiary of Singapore's leading factoring company, International Factors Singapore, has set up a joint venture leasing company in Vietnam. The Vietnamese-incorpo-rated Vena Leasing Co Ltd is a joint venture between IFS' New Venture Pte Ltd and Truong Thanh Trading
        155 words
      • Article
        Lock icon KL denies report on Telekom revenue forecast
        292 18 Bloomberg Business News AFX-Asia [KUALA LUMPUR] The Malaysian government said a newspaper report that the government experts Telekom Malaysia Bhd's revenue to increase by 14.6 per cent is wrong. The New Straits Times newspaper reported yesterday that Telekom revenue is expected to rise
        Bloomberg Business News; AFX-Asia  -  292 words
      • Article
        Rothschild gives its views on Intraco's offer for Teledata
        217 18 [SINGAPORE] Shareholders in Teledata (Singapore) taking a long-term view of their investment have been advised not to accept Intraco's unconditional cash offer. Mainboard-listed Intraco made an offer of 85 cents a share for associate company Teledata on May 30 triggered off
        217 words
      • Article
        Lock icon HK business groups fail to resolve CT9 dispute
        389 18 SCMP [HONGKONG] Talks on Container Terminal 9 are deadlocked amid faltering attempts by some of the territory's biggest business groups to resolve the impasse. Sources said Hongkong International Terminals (HIT), Modern Terminals Ltd (MTL) and the Jardine Matheson Holdings-led Tsing Yi Consortium,
        SCMP  -  389 words
      • Article
        Lock icon BSN taking over 3 firms
        107 18 Bernama [KUALA LUMPUR] Bank Simpanan Nasional (BSN) is taking over a financial company, an insurance firm and a stockbroker as part of its expanded services. Chairman Ahmad Zahid Hahiidi said the takeover process is currently being carried out and is expected to be completed soon.
        Bernama  -  107 words
      • COMPANY Briefs
        • Article
          QAF picks Citicorp as takeover adviser
          59 18 [SINGAPORE] QAF has appointed Citicorp Investment Bank (Singapore) Ltd the financial adviser to its independent directors, in connection with a takeover offer from Qualif Pte Ltd, a member of the Salim group of Indonesia. Qualif has offered $2 for each QAF share and $1.10
          59 words
        • Article
          Courts' top execs to switch hats
          66 18 [SINGAPORE] Furniture retailer Courts Singapore announced yesterday that there would soon be a change in its top management Albert Elphick, currently the managing director, will become deputy chairman of the company and also chief executive of Courts Furnishers (Malaysia) Sdn Bhd. The current chief
          66 words
        • Article
          FCC appoints group financial controller
          35 18 [SINGAPORE] First Capital Corp has appointed Jerry Lee Yang Chiang group financial controller. Mr Lee will be responsible for the overall financial and management accounting functions of the FCC group.
          35 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Korea's LG plans US$2.6b electronics complex in UK
        568 19 Wales chosen for various government incentives and the region's low wages Bloomberg Business News [SEOUL] LG Group of South Korea has announced that two of its flagship units, LG Electronics and LG Semicon, will build a US$2.6 billion (553.7 billion) electronics complex
        Bloomberg Business News  -  568 words
      • Article
        Lock icon Motorola's Q2 earnings lower than expected
        356 19 Net margin on overall sales slides to against 7% a year ago Reuter [CHICAGO] Motorola Inc second quarter results fell short of estimates, industry analysts said, with hopes of a stronger wireless communications business failing to materialise. "In the past few days the market
        Reuter  -  356 words
      • Article
        Lock icon Hewlett-Packard shares fall on concerns about Q3 profit
        351 19 Reuter [PALO ALTO, California] Shares of computer giant Hew-lett-Packard Co slid to close at their lowest levels since early 1996 on Wall Street concerns over its financial performance in the third quarter. Hewlett-Packard shares closed down 3% at 87'/« on Tuesday in
        Reuter  -  351 words
      • Article
        Lock icon Deutsche Bank buys 5.2% stake in Munich rival
        277 19 Reuter FRANKFURT] German giant Deutsche Bank yesterday said it had bought an investment stake of more than 5 per cent in rival Bayerische Vereinsbank in a move seen as heralding a gradual consolidation in German banking. Deutsche said the 5.21 per cent
        Reuter  -  277 words
      • Article
        Lock icon IBM to list job openings on Web site
        299 19 Bloomberg Business News [WASHINGTON] International Business Machines Corp will begin listing its job openings about 24,000 a year on America's Job Bank, the US Labour Department's Internet job bank, said Labour Secretary Robert Reich. The Web site now lists 500,000 jobs, five
        Bloomberg Business News  -  299 words
      • Article
        Lock icon CNN to go on Internet later this year
        129 19 Bloomberg Business News [NEW YORK] Turner Broadcasting System Inc said Internet surfers will be able to watch CNN on their computers later this year. The owner of CNN and Turner Pictures said it agreed to supply CNN to the PointCast Network, a
        Bloomberg Business News  -  129 words
      • Article, Illustration
        Lock icon Sealing a US$750m French-Taiwan deal
        68 19 [TAIPEI] Raoul Rouot (right), chairman of Dassault Industries of France, shaking hands with Taiwan's Industry Development Bureau director Yin Chiming after signing an industrial cooperation pact here yesterday. Under the agreement Dassault pledged to award Taiwan firms with up to US$75O million (SSI. 06 billion)
        AFP  -  68 words
      • Article
        Lock icon Klaus Jacobs expands chocs empire
        414 19 Swiss group buying one of world's largest cocoa processors Reuter [PARIS] Swiss company Klaus J Jacobs Holding is adding a strategic piece to its chocolate empire with the acquisition of one of the world's largest cocoa processors Cacao Barry, industry sources said on Tuesday. Callebaut
        Reuter  -  414 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Bankers Trust creates US$200m bonus plan
        365 20 Compensation plan for some 35 top execs designed to re tain and motivate them. Bloomberg Business News (WASHINGTON] Bankers Trust New York Corp established a bonus plan that would pay some 35 top executives up to US$2OO million (Ss2B2 million) if they can boost
        Bloomberg Business News; Source: Bloomberg; JEN CHUA  -  365 words
      • Article
        Prudential to pay US$35m fine, reimburse customers
        355 20 Task force of regulators censnres the firm for abuses in the sale of insurance NYT [NEW YORK] Prudential Insurance Co of America, the largest life insurer in North America, agreed on Tuesday to pay a record U5535.3 million (5549.7 million) in fines and
        NYT  -  355 words
      • Article
        Osaka exchange to list aluminium contract
        124 20 Reuter [TOKYO] The Osaka Textile Exchange (OTE) plans to launch a yen-based aluminium futures contract in October 1997, and discussions on the details of the listing will begin next week. "We are aiming to list the new aluminium contract in October 1997, when our
        Reuter  -  124 words
      • SMALL Change
        • Article
          Banks' bad loans hit 34.8 trillion yen
          54 20 AFP [TOKYO] Japanese financial institutions held a total of 34.8 trillion yen (***** billion) in bad loans at the end of the year to March, the Finance Ministry said yesterday. The ministry was revising its calculation from the 34.7 trillion yen figure released
          AFP  -  54 words
        • Article
          No change in Thai bank licence criteria
          68 20 AFX-Asia [BANGKOK] Finance Minister Bodi Chunnananda said there would be no change to the original criteria approved by the cabinet for the granting of new bank licences. Mr Bodi said he had received the final list of candidates for the five banking licences
          AFX-Asia  -  68 words
        • Article
          Daiwa to pull out of M'sia this month
          66 20 AFP [TOKYO] Japan's Daiwa Bank Ltd said yesterday it would close its operations in Malaysia this month as part of its restructuring efforts following a bond trading scandal in the United States. Daiwa will close its Labuan branch and two Kuala Lumpur
          AFP  -  66 words
        • Article
          Westpao takeover of NZ bank complete
          54 20 Bloomberg Business News [WELLINGTON] Australia's Westpac Banking Corp said it now owns 100 per cent of Trust Bank New Zealand Ltd. The takeover makes the new Westpac-Trust Bank group the largest bank in New Zealand. Westpac paid about NZ$l.27 billion (551.23 billion) for Trust
          Bloomberg Business News  -  54 words
        • Article
          Fuji Bank to open branch in Taipei
          39 20 AFP [TOKYO] Japan's Fuji Bank Ltd said yesterday it would open a branch in Taipei on July 15. The Japanese bank currently has a representative office in Taipei, bank officials said. AFP
          AFP  -  39 words
      • Article, Illustration
        Striking for better prospects
        48 20 [DONETSK, Ukraine] Coalminers in eastern Ukraine's Donbass coalfield sitting on a main road in the city of Donetsk on Monday. They had not been paidforfive months of work and were demanding the immediate payment of overdue wages totalling 38 trillion karbovantsy (about *****,900). REUTER
        REUTER  -  48 words
      • Article
        AT&T sending unsolicited credit cards to cardholders
        269 20 Bloomberg Business News [NEW YORK] AT&T Corp is sending some of its calling card holders unsolicited credit cards in a campaign that critics say skirts the bounds of legality. Under a two-month-old test programme, first reported in USA Today, AT&T is sending its
        Bloomberg Business News  -  269 words
      • Article
        International banks plan clearing house for debt market
        226 20 FT [LONDON] A group of international investment banks plans to set up a clearing house to cope with the rapid expansion of trading in emerging market debt such as Brady bonds. J P Morgan, ING Barings, Chase Manhattan and other leading traders
        FT  -  226 words
      • Article
        Rate worries lead to dull close
        209 20 SIMBX Report Reuter [SINGAPORE] Simex Euroyen and Eurodollar futures crept to a listless finish in thin, uninspired trade yesterday. Dealers said the market was focused on the outlook for US interest rates following last Friday's release of unexpectedly strong US employment data, which has
        Reuter  -  209 words
      • Article
        CURRENCY REPORT
        179 20 Reuter AFP lfiffndftn THE dollar, which slipped against the yen after US business leaders expressed alarm at the currency's strength, spent most of the European session trading around 110 yen, unable to make a decisive move either way. It hit a low of 109.92 yen after a US-Japan
        Reuter; AFP  -  179 words
      • Article
        Oil prices gain as US petrol stocks fall
        290 20 ENERGY REPORT Reuter [LONDON] Oil prices rose yesterday after the release of figures showing a large weekly draw in US petrol stocks. Benchmark Brent crude futures for August delivery on London's International Petroleum Exchange hit a high of U5519.75 shortly after New
        Reuter  -  290 words
      • Article, Illustration
        Untitled
        1432 20 mTBRBAMK C>08S RATBS JuUO AS C$ tonfc ECU Ffr Pi m l-tltept* Yen IN* MS IBSNilb N» to* Sir WT| NM Hmi W$ AustraNa 1.092 6.178 0.643 <118 1.216 6.176 ***** 18.605 8.879 6.472 1919 1.160 28.126 20.909 1128 3.455 1007 ********** 0.50 0.798 V Cmtfi 0.916 6.096 0589 3.772
        1,432 words
    • Article
      COMMODITY PRICES
      1684 21 SICOM FUTURES Julio RU68CR (Mra dosing «t 5.30pm) RSS1 CONTRACTUS cwitsAg) CtoM VotaM Optn Mowtft Hiqfc Low Sott (ton—s) latfut 199.50 189.50 189.00 200 MOO S«p 96 187.00 187.00 188.50 500 2090 Oct 96 188.00 186.50 187.50 380 3975 *OV?6 188.00 186.50 187.50 380 3975 0*96 188.00 186.50
      1,684 words
    • Article
      WORLD STOCK MARKETS
      2228 21 LONDON l»*"lilah A A. Corp Adr 621/2 1/4 AB Ports 206 *6 AbPay national 577 -1.400 ABIod Lyons 449 unch Amoc 92 -3 Argy« 346 AsdaGroup 1W1/2 .100 bat Ind 490 -4 BICC 320 101/4 BOC Group 942 3 BR Potrotoum 597 unch BTR 242 -1 Bank
      2,228 words
    • Article
      TOKYO
      1624 21 Reuter P Nikkei 228 -14(188 STOCKS closed lower in directionless trade yesterday, despite a rebound on Wall Street overnight, brokers said. The key Nikkei average inched up in the morning but soon fell due to worries over future moves of US and Japanese interest rates and currencies. The 225-share
      Reuter  -  1,624 words
    • Article, Illustration
      HONGKONG
      1659 22 Reuter P Hang Seng -17,87 STOCKS ended with small losses after spending most of the day in positive territory as investors used early gains to pare positions. Traders said despite the market's inability to maintain early gains, activity slowed in the afternoon, suggesting that selling pressure was not heavy.
      Reuter  -  1,659 words
    • Article, Illustration
      CHINA
      612 22 Reuter QShanghai B Share Index -0 J2 SHANGHAI'S B Share Index ended down in sluggish trading yesterday on weak market sentiment, brokers said. The index fell 0.12 point or 0.24 per cent to 49.35 points on volume of 7.0 million shares worth US$3.6 million. Of 39 B shares, 28
      Reuter; Source: Credit Lyonnsais Securities (Asia) Ltd  -  612 words
    • Article
      TAIPEI
      350 22 AFP QVPlndn -***** SHARE prices in Taiwan finished 1.6 per cent lower as investors sold heavyweight stocks. "As foreign institutions and domestic fund managers on Tuesday reduced their shareholdings of large-capital-isation issues, retail investors followed suit," said George Hou of Jardine Fleming Taiwan Securities Investment Management Co Ltd. The
      AFP  -  350 words
    • Article
      WELLINGTON
      275 22 Reuter Wellington *12.75 THE NZSE-40 Capital Index rose 12.75 points to 2,116.93 on healthy volume worth NZ554.7 million. Brokers said a rally in the bond market was supporting the equity market in general.— Reuter m roow ANZBjnklnq 6.95 -0.03 2059 Advantages Htdg» 1.62 uncti ***** Air Zaaiand (A) 3.20
      Reuter  -  275 words
    • Article, Illustration
      BANGKOK
      812 22 AFP H SET Index ♦m THAI share prices rose 0.2 per cent in light trading as investors awaited the announcement of second quarter corporate results, analysts said. "Generally the economic situation has improved in recent weeks but investors are sitting on the sidelines waiting for second quarter numbers," said
      AFP  -  812 words
    • Article
      SEOUL
      396 22 AFP Composite Index ♦0.74 SHARE prices closed 0.1 per cent higher on the Korea Stock Exchange as profit-tak-ing in blue chips was offset by bargain-hunting on smaller shares, dealers said. "Sentiment seems to improve on indications of the government effort to prop up the market," said Lim Jang Hyuk,
      AFP  -  396 words
    • Article
      SYDNEY
      621 22 AFP F1 All Primaries jj AUSTRALIAN shares closed 0.3 per cent firmer as bargain hunters buoyed the market following a Wall Street revival and stronger gold prices, brokers said. The key All Ordinaries Index rose 5.8 points to 2,201.1. The All Industrials Index rose 3.7 points to 3,306.3, while
      AFP  -  621 words
    • Article, Illustration
      JAKARTA
      676 22 AFP n Composite Index +3.07 SHARE prices closed 0.5 per cent higher as concerns eased over President Suharto's health condition. v "Confidence is definitely coming back into this market, but it is with a significant degree of caution," a dealer with a foreign brokerage said. The Jakarta Stock Exchange
      AFP  -  676 words
    • Article
      MANILA
      336 22 AFP D Manila -L3t PHILIPPINE share prices closed barely lower yesterday due to late profit-taking. "Initially the market was rising because of the rebound in New York," said Oliver Plana of Asiasec Equities Inc, adding that profit taking began in late trade. The- key index fell 1.39 points to
      AFP  -  336 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Shares mixed after release of trade data
        8066 23 Reuter, Bloomberg Business News LJ Composite Index *138 SHARE prices ended mixed, with blue chips slipping but second liners posting moderate gains following release of long-awaited April trade data, which showed a M 5265 million (Sslso million) deficit. While the trade report overturned
        Reuter, Bloomberg Business News  -  8,066 words
    • WARRANTS & OPTIONS
      • Article
        Gula Perak has further upside
        3705 24  -  WARRANT WATCH -By R Sivanithy ABOUT four weeks ago, we highlighted the warrants of Malaysian firm Gula Perak as a possible good punt at 95 sen. A modest 8.4 per cent gain would have been made as the counter closed on the KLSE yesterday at
        3,705 words
    • Article
      CLOB INTERNATIONAL
      2372 24 MALAYSIAN STOCKS Qr Qf 19M Last Vo» My LastOuota Olv Mv VM Nat M Cap High Lorn Strvo Company S«H COOP) High Ui Bwyar s«4*r CNr H P/t $HI 425 344 a 5000 AISBSOc 404 «I2 M 404 392 390 404 5.0 U 04 111 4MJ Id M
      2,372 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1101 25 TURNOVER (*000) VALUE ("000) C—> TttH M«fc> CI— T«U1 1S12S 2 °>5t' V M 35.9S' 7M» 31,944 107,667 mSS5 WH 7M ***** U.1M g™. U«J „*79 1.645 <240 452 4,692 {Tffffff* MOI *>*£ H348 26.982 9.285 3*267 g! 1 1 1 W« 896 2.010 2.0W ST' *3 363 1,037 1,037
        1,101 words
      • Article
        MAIN BOARD
        4162 25 1 9 8 L«tt Vol Day Last Ouata Div Mv YM Nat Cap Am n**" StMa Company Sato COOP) Hlqll Low Bwyar Sfar CV Pfl $mM Prtca INDUSTRIALS 5146 ASE NTSIO 200. US- 21 i *3 1258 AcarSOc US178 «d -5 22 180 178 178 179 S ON
        4,162 words
      • Article
        SESDAQ
        643 25 MM. r.m..n UW OlMt* M Ok W M CM A»Q C COOP* H|> U» —yr MN> CV M $3l PrtCT IS w !»ofittk=:n 5* *7 "5 2 ,I2 iU z yo a 140 3 s Si&SSStezzzzS., 55! Jl St IS IS 21 5 204 ,2 i 200! EMLtSf'**** 2
        643 words
      • Article, Illustration
        HOT STOCK
        81 26  -  Paul Leo NEPTUNE Orient Lines fell one cent to f1.40 with 919,000 shares done twice the Io4ny average 0f455,900 units. It is>now at the base of a 10<ent range between $1.40 $1.50 in which it has been trading since late May Daily Relative Strength Index is neutral which
        81 words
      • Article, Illustration
        Stocks rebound, helped by gains in US bond market
        916 26  -  STOCK MARKET COMMENTARY Dealers see recovery as a technical rebonnd; volatile session on KL Second Board, with punters having a field day By R Sivanithy [SINGAPORE] The vague phrase "technical rebound" was widely used yesterday to describe the bounce that took
        916 words
      • ON THE GRAPEVINE
        • Article
          Back to DBS Bank's fold
          135 26 WE HAVE it on good authority that Neo Poh Kiat, the Hongkong-based general manager of Sino Land, is returning to DBS Bank's fold. Mr Neo headed DBS Securities in Hongkong before he was lured away by Sino Land's boss, Robert Ng, some two years ago.
          135 words
        • Article
          Multi-racial ghosts haunt agent
          120 26 LEANER times have made property agents more imaginative. Or is it more resigned? One agent who specialises in the HDB resale market plans to go all out to clinch at least one sale this week. Next week, his chances will be bleak, he says, because the
          120 words
        • Article
          Governed by history?
          144 26 A POIGNANT bit of Thailand's history was revealed during the search for a new governor to head the central bank, which is housed in Bang Khun Phrom palace. The stately, Western-style palace used to be home to the Paribatra and Sonakul families, direct descendants of King Chulalongkorn.
          144 words
        • Article
          Dining and whining
          65 26 OUR heart bleeds for the stockbroker who finds having to wine and dine his clients a life-threatening task. "I had to drink with the client from 1 pm to 4pm. What else could I do? He is the client," he moaned. His wife was more positive: "At
          65 words
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      Page 17 Advertisements Column 1
      132 17 lijiiijL J JpH Our new branch at i. #*ji!iii! J Change Alley J you for your support in each atid fgra I 1 m 1' 1' 1! I j I l-SHfififl every milestone which we have gone I through for the past decade S l 1 Chairman of Way Group:
      132 words
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      Page 18 Advertisements Column 1
      69 18 THE ONE ONLY IN TOWN MONGOLIAN BBQ AT ITS BEST Exciting Buffet Dinner 1/7/96 till 15/7/96 Oysters on Ice Mussels with Tantalizing Sauce Fish Maw with Crabmeat in Thick Soup Smoked Salmon Dinner: 24+++ (Adult) 12+++(Children) Available Every Evening Excellent Gathering Location. Cosy Aninence. Frieadhr Service Staff. Eoy P«rfcmx( RedcenMfcfc)
      69 words
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      Page 19 Advertisements Column 1
      110 19 Australia's newest most exciting residential resort from $285,000 with I~AND, HOUSE POOL YOU PAY NO MORTGAGE LOAN REPAYMENTS FOR 2 YEARS (After 35% Deposit) DIROD HOMES PAYS first 2 years bank loan repayments. Loan guaranteed with no proof of income required. Resort features will include 300 room hotel Shopping centre
      110 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      68 22 Enhaiy(J]^jp^^^^g p I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner.
      68 words
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      40 23 TRANSPORTATION PROBLEM? 6 I A* rA < *4 V i i m j tk WE TURN TO OUR n m mz 7» y*-. *Sl2 •X w V T*-> K i"vr r et 24-hour BUSINESS CENTRE. SHIPPING TIMES, PAGE 14. r' r
      40 words
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      Page 24 Advertisements Column 1
      156 24 Land Transport Authority Infoline Results i ||^p555j jf|P COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH AudioTex Service Available on 10th or 1 Ith of every month. All you Available between Saturday and Wednesday each week. All you need is Call OUr non-1900 AlldioTeX Enquiry
      156 words
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      Page 25 Advertisements Column 1
      22 25 ROY EASTERN WATCH, LUCKY PLAZA, #01-7/1 #01-86/87/88 ORCHARD ROAD TEL 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01-18/20 ORCHARD ROAD TEL: 235 2536.
      22 words
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      Page 25 Advertisements Column 2
      130 25 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 Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period '2 months II 6 months I I 3 months •t S
      130 words
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      Page 26 Advertisements Column 1
      689 26 BUSINESS AW/teS l() V|)XI Kllsl <AU 1 -I-KM- I SIM 1-741 INS.* IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF CENTRAL INDUSTRIAL COMMERCIAL SERVICES (PTE) LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of
      689 words
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      Page 26 Advertisements Column 2
      233 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF A E HOLDINGS (PTE) LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of A A E Holdings (Pie) Ltd duly convened and held at IS Tuas Avenue, Singapore *****9 on 8 July
      233 words
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      Page 26 Advertisements Column 3
      28 26 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 26 Advertisements Column 4
      516 26 Singapore Closing Share Prices 10/07/1996 CLOSE PREV LOW HIGH USS US$ US$ US$ AHHr Jardine Matheson 7.00 6.95 6.95 7.00 ■V|EBBDra Jardine Strategic 3.18 3.16 3.16 3.18 L XHQtif A Dair V Farm 0.855 0.85 0.855 0.87 Hongkong Land 2.26 2.26 2.24 2.26 Mandarin Oriental 1.45 1.43 1.42 1.48 Efilfiillißl
      516 words
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  • SHIPPING TIMES
    • Article
      DAILY FREIGHT
      304 27 Knight Ridder Reuter THERE continued to be a dearth of activity on the freight market, with the continuing shortage of new i cargoes and still little in the way of concluded business to emerge, brokers said. Biffex started the day quietly at unchanged levels. Volume was evident on
      Knight Ridder; Reuter  -  304 words
    • Article
      MARITIME STOCKS
      282 27 .m Mill *m MM <*t CWT Distribution L45 *0.01 Chuan Hup Holdings. LOS -0.03 67 Cosco invastmant— 1.44 -0.01 $1 FCLS 7.40 *C.0S 154 Freight Links 0.72 -0.01 I CBHoMngs 1.06 *0.01 2 Hal Sun Hup LOS unch 109 Hitachi ZMM 0.95 *0.01 I IMC HoMtaqs HKi60 3ayaHoMngs
      282 words
    • Article
      Philippine shipowners slam deregulation policies
      386 27  -  But ex-Marina official counters charges of port congestion From. Alec Almazan in Manila DOMESTIC shipowners in the Philippines have attacked the government's shipping deregulation policies, saying that one major cause of port congestion is the increase in imported second-hand vessels. The Philippine Inter-island Shipping Association
      386 words
    • Article
      China studies Yang Ming's route request
      98 27 AFX-ASIA [TAIPEI] Yang Ming Marine Transport Corp has been informed by Chinese authorities that it can apply to extend its offshore transhipment routes to Fuzhou and Xiamen from previously planned Shangahi, Yang Ming Marine president Lu Feng-hai said. Quoted by the Economic Daily News,
      AFX-ASIA  -  98 words
    • Article, Illustration
      Re-writing the rules of the agency game
      599 27  -  SHIPSHAPE By Yong Mei Fong WHEN Jardine Transport Services Singapore (JTS) lost a major liner principal last year, many thought an ugly storm was brewing over the company's shipping agency business. "And when we shifted our office, a lot of people thought we
      ARTHUR LEE  -  599 words
    • Article
      Taipei may let foreign ships ply Taiwan-Chinese ports
      252 27 Measures to allow semi-direct links to be discussed Knight-Ridder [TAIPEI] Taiwan's Ministry of Transportation and Communications (MOTC) is currently considering plans to aUow foreign shippers to ply semi-di-rect routes between Taiwanese and Chinese ports, the Chinese-language Economic Daily News reported. Quoting an
      Knight-Ridder  -  252 words
    • Article
      S'pore group to build wharf at new Yangon port
      196 27 Bernama-Kyodo [YANGON] The Myanmar port authority and a consortium of Singaporean companies signed a deal yesterday for building a ninth wharf plus integrated facilities at Yangon's new port under construction at Thilawa, authority officials said. The new port lies 16 kilometres
      Bernama-Kyodo  -  196 words
    • Article
      Beijing plans to build over 200 ports
      138 27 AFP [SHANGHAI] China will budd more than 200 ports throughout the country in the next five years, including an international shipping centre in Shanghai, news reports said yesterday. The Wenhui 800 daUy and the Liberation Daily quoted Li Juchang, vice-minister of transportation, as
      AFP  -  138 words
    • PORT Shots
      • Article
        Great Eastern Shipping to buy 10 ships
        45 27 [LONDON] Indian tramp operator Great Eastern Shipping plans to buy 10 vessels,including four bulkers, two tankers and four mini-bulkers, using US$l5O million (5J211.5 million) raised through commercial foreign loans. The Bombay-based company also plans to buy four tugs.
        45 words
      • Article
        Venture to make containers in China
        75 27 Reuter [BEIJING] Corporations from China, South Korea and Hongkong have signed a US$4O million (5556.4 million) contract for a jointly-funded refrigerated container company in Qingdao, in eastern Shandong province, the official Xinhua news agency said on Tuesday. The investors are Jindo Corp of South
        Reuter  -  75 words
      • Article
        Conoor to raise freight rates 10%
        92 27 [BOMBAY] Container Corporation of India (Concor) will raise freight rates by 10 per cent from July 22. The escalation in operating costs, including expense on ftiel, made Concor revise the rates, senior officials said. Concor has already informed its regional offices about the hike
        92 words
      • Article
        ANZDL may expand service
        36 27 [LONDON] Australia-New Zealand Direct Line (ANZL) is considering turning its Australia-New Zealand-US West Coast service into a fixed-day weekly service by bringing another 1,200 20-foot equivalent unit capacity vessel onto the route.
        36 words
    • Article, Illustration
      Seoul acts to ease congestion
      885 28  -  S KOREAN INFRASTRUCTURE: IN NEED OF EXPANSION The government has announced financial incentives and a rise in infrastructure spending as it faces the fact that cargo traffic congestion caused by inadequate facilities is hurting Korean companies BU B J Lee Bloomberg Business News THE South
      Bloomberg Business News  -  885 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      275 28 PAGE Evergreen ACL tt Ever prime MM. 3 tt Famous Able 13 Feedertrans tt Accord 12 FL-Bright Ahrenkid 4 FoongSun Appenship 4 Frota Astro 3 Frt World Austral G Link Avant 6 Gemartrans BSA 7 Genshpg Batamindo 13 9 GlobeNnk B'tanq Mas 12
      275 words
    • Article
      SHIPPING GUIDE
      15425 34 EXPORT jl 6TA ETA Advorti Mr Vk»i Voyoqo Tolophono ETA ETA Adv*rtts*r VnsK Voyogo T*n>«on« SIN Ont'fl Nim# Nam* NgmMf Numtoor SIN Dost'n N*m« Nimo Numbor Number mmmmmmmmmmmmmmmmHmmmmmmmmmmmmmmmmmHmmmm AM/07 26/07 UASC MED SINGAPORE 132W 65-*****17 H/07 25/07 Hwjtn XOUR GEMINI V42I 65-*****24 T a i nri a inr
      15,425 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        2002 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Voy No Etb/Btr Period From To From ta J— 2,88 1V1700 U 10/1500 10/1659 10/1900 IB 10/1500 10/1659 10/1900 k,l P. 061* 13/1600 2t 10/1700 11/0659 IV0900 3 n/0700 11/1159 11/1400 4 11/1200 11/1459 11/1700 0628 12/2359 M
        2,002 words
      • Article
        CONVENTIONAL WHARVES
        574 41 Voy Mo Berth Arrival Departur* 07/9* rW M '"Hi *.07/1900 r"t" Ml JOT irngsa HOT/BOO P*". 6 OTWH an iiipii uW2Joc Ojm JW M4M. 14.07/0700 2"' JM MT/0700 J"** 1 J04 ■■»<■ 13.07/1500 M Mp* 1507/2)00 JO* 12.07/0100 J* M«M *07/2300 055 J» Mil* >1.07/0*00 J» 17 07/2300
        574 words
      • Article
        GLOBAL HOLIDAY
        159 41 JULY IS Iran: (tentative) Death of Prophet Mohammad. JULY 17 South Korea: Constitution Day. JULY 10 Nicaragua: Revolution Day. JULY 20 Colombia: National Independence. JULY 22 Belgium: Belgian National Day. JULY 23 Egypt: Revolution Day. JULY 24 Venezuela: Birth of Simon Bolivar. JULY 25 Costa Rica: Guanacaste Day.
        159 words
      • Article
        COCKETT BUNKER MARKET REPORT
        837 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        837 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Beijing picks STPL as a partner in plane project
        368 42  -  Aero International Asia is the other co-developer of US$L5b programme By\ Lu Ning SINGAPORE Technologies Pte Ltd (STPL) has clinched the deal to become the main Asian co-developer for the hotly contested US$2.5 billion (553.5 billion) 100-seat regional airliner project initiated
        368 words
      • Article
        Indonesia, US to hold car talks during Apec
        224 42 Jakarta's national car policy to be discussed AFP [JAKARTA] Indonesia and the US will discuss Indonesia's controversial national car policy on the sidelines of the Asia Pacific Economic Cooperation (Apec) meeting in New Zealand next week, reports said yesterday. "We'll talk with
        AFP  -  224 words
      • Article, Illustration
        Indonesia's national car is a Korean sedan
        139 42 AFP [JAKARTA] Indonesia's "national car" made its public debut here this week a gleaming 1,500-cc engined sedan, freshly shipped from South Korea's Kia car factory. A steady crowd of curious and prospective buyers milled around three prototypes of the Timor sedan, on display
        AFP  -  139 words
      • Article
        Venture to build Viet motorbike plant
        92 42 Reuter [HANOI] Yamaha Motor Co Ltd and Malaysia's Hong Leong Industries Berhad have joined an US$BO-mUlion (Ssl.l billion) venture to buUd a motorbike plant north of Hanoi, the head of the Vietnamese partner company said yesterday. Le Ba, director General of the Vietnam Forest
        Reuter  -  92 words
      • Article
        Delta urges rejection of tie-up between BA, American
        160 42 AFP [WASHINGTON] Delta Air Lines on Tuesday described a proposed marketing alliance between rival American Airlines and British Airways (BA) as "poison for competition" and urged its rejection by US and British regulators. Delta thus joined another carrier, Virgin Atlantic, in public
        AFP  -  160 words
      • Article
        Japan truck maker to set up China plant
        244 42 Reuter [TOKYOJ In another move by Japanese car giants to muscle into the expanding Chinese market, Japan's leading heavy truck maker announced on Tuesday it planned to set up a joint venture in China to make diesel engines. Hino Motors Co said
        Reuter  -  244 words
      • LOG Book
        • Article
          JAL in talks with Disney unit
          84 42 AFX-ASIA [TOKYO] Japan Airlines Co Ltd said it is in talks with Walt Disney Co unit Walt Disney Attractions to become an official airline to deliver visitors to Disneyland parks in the US and Japan. The two companies are studying joint publicity plans, including
          AFX-ASIA  -  84 words
        • Article
          Mitsubishi to raise Vietnam sales outlets
          75 42 AFP [TOKYOJ Japanese car maker Mitsubishi Motors Corp said yesterday it would raise the number of its sales outlets in Vietnam from about 20 at present to about 50 by the end of this year. The move aims at matching marketing operations with output
          AFP  -  75 words
        • Article
          Chinese dealers cut prices on VW car
          79 42 Bloomberg Business News [SHANGHAI] Dealers across China cut prices on China's best-selling car, made by a joint venture between Germany's Volkswagen AG and the Shanghai Automotive Industry (Group) Corp, the English-language Shanghai Star reported. Prices were cut July 1 by between 3,000 yuan
          Bloomberg Business News  -  79 words
        • Article
          BA union and executives hold meeting
          73 42 Bloomberg Business News [LONDON] British Airways pic's pilots' union met airline executives in an attempt to avert a strike scheduled to begin July 16, which would disrupt travel at the height of the summer tourist season. Chris Darke, the general secretary of the British
          Bloomberg Business News  -  73 words
      • Article
        MAS chief expects double-digit cargo, passenger growth
        194 42 AFP [KUALA LUMPUR] Malaysia Airline System Bhd (MAS) said yesterday it could maintain double-digit growth rates in its passenger and cargo traffic in the year to March 1997 despite rising global competition. Chairman Tajudin Ramli said in the national airline company's latest annual
        AFP  -  194 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1484 42 CITY FUSHT ETA FLIGHT ETP GVMQZOM S0803 1905 S0804 1020 MHMMM S0441 15W CQ53 2045 SO230 1830 0F81 1930 VW74I 0» VN740 1410 Of81 1930 0F82 2055 Hit Yal TG407 2105 TG408 0820 Amsterdam KL843 0455 RL838 2300 *895 2145 M8» 1820 DL25 0650 0126 2355
        1,484 words
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      656 28 1 NORTH AMMRtCA I I WW/MDIAH SUB-GOWfaaMfr [SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) IGULF KARACHI EXPRESS (GKX) VBSa VOY OAK VAN SU U SM ~VBSa I VOY MM JU I VI COi SM J MPTUM AUXANOMn 24W 17/0* 20/ M 21/Ot 25/0* 12/07 HONG KONG EXFtfSS 01W 02/04 03/00
      656 words
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      Page 28 Advertisements Column 2
      686 28 Une services represented (URSflill h* Memt)ers <* Registry Members ofthe Accfedrted Shipping Agents, Singapore Freight Forwarders Spore National Shyptng Assoc Association f- *&UmaJp Just talk to us... Iris Lim 740-2044 Tan Up Chuan 740-1645 Jarrod Leong 740-2089 *Philip Koh 740-2382 EXPORT 3k Japan 2 Hoogkong I Mon.lo 1 KoosKwng lAc
      686 words
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      Page 29 Advertisements Column 1
      1250 29 1 PACIFIC SOUTH WIST EXPEESS (MMCT) *s®: vw na sum aw tip uxoAiMß*oonrcAnnouMo«stA ?**HN 00« 00/07 10/07 11/07 M/ 07 »/07 31/07 31/07 01/01 01/00 31/07 31/07 02/00 00« W 17/07 11/07 02/01 06/00 07/00 ~m7oT gg 07/00 09/01 10/00 ~Wm~ M. THUMB 0001 23/07 24/07 25/07 09/01 13/0» 14/01
      1,250 words
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      Page 29 Advertisements Column 2
      2179 29 HANJIN SHIPPING USA CANADA* iumnma/vot ini ism Isu i m nw |iw Toi Tin fin pit m mem oos ntc f~oS m|m ru pnrc [~r» Ksamiwa w/oy 11/07 I oi/m m/m m/m "m/m"" m/m "04/00" os/m "ot/m"" m/m" mam"" ot/m"" ot7w~ 07/ M 03/01 "m/m" m/m ot/m"" m/n HBWfOMWI 14/07
      2,179 words
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      Page 29 Advertisements Column 3
      161 29 Y\WF9 ORIENT EXPRESS UNES (U.K.) LIMITED ligj, (MANAGERS FOR SHREYAS SHIPPING LIMITED WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE Vtssa VOY SWCAfOHI IOMIAY VtSSfl VOY IQMMY gjMWj Orient Mumboi 100 18/07 26/07 Orient Mumboi 100 26/07 11/06 LomphunNwe 200 28/07 05/08 Lomphun Novee 200 05/08 18/06 Eliza 300 04/08 12/08 Eliza 300 12/08
      161 words
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      Page 30 Advertisements Column 1
      885 30 VtSSfl VOT HAM (MM ANT UM S7ON f KIUN6 SM HKG UO IYO SMI (ME NAG mm i*Q4 ivt ~wT~ m~~ \\n it/7 STVTT6AIT DfttSS IMA2S l»/4 21/t Wk 11/7 IVI 17/7 ?i/7 74/7 W ptawo 3tti?s m m ?s/t is/7 i«/ 7 n/i NOITUMUOK OttDtt H/k 7Vk It/7 W/7
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      Page 30 Advertisements Column 2
      1502 30 I NORASIA I VESSEL VOY SIN OOA LAS BCL VAL ALO ROT ANT FEL LHA NOfl SINGA 9627 3 IM)7 02*8 0M» MM 11« 13« 08*8 OMB 09*9 11*04 NOR MALTA ***** 24*7 OMW 13*4 1104 IBM 28*8 15*4 16*4 11/00 IM* NONWEI H»3 31*7 14*4 MM IMM S« &M
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      Page 30 Advertisements Column 3
      405 30 Direct Container Service: to iIM Fangcheng E Zhanjiang nir Vessel S'pore Fangcheng Zhaniiang UANBAO 21/07 26/07 28/07 w yVO/?TRANSTib 65-*****67 FAX: 65-*****90 Muttf-Pwrpose RO/L0 Carrier Accepting: RO/RO, Ramp Capacity opto 40 teas Heavy Lift opto 65.5 tons (jmmtimd/Ired Uk /Coaham/Reefm CtaHmm Thai Flag States ~~Z m hklifnu V.26A PI PORT
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      Page 31 Advertisements Column 1
      1116 31 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Rood #11-01 K«pp«l Towers Singapore 0208 Tel: *****88 Fox: *****17 MWH t HUWI COMVINTIOMAI SWVKI I S*»AW«K CONTAINER SHVUI voT Isw I m a vtsstt vor iswgawei I kucmwg vhim 114/oy I i«/ 07 lyo; ouuiA m «-3? mnu n/oj h/07 STMIBHOf!
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      Page 31 Advertisements Column 2
      1174 31 ACCEPTMGIO TUN& TWOII AMI MNMI9 VIA G£NOA, CASAMANCA AMD Ai£Kßs VIA lift win IrSnlttiSZZr *n in a—"***— ww»m. r,, mom V-r*»e <w—■ I■ ,c. fdJIoj ickht KM* CCS* Oi 11 owtaimbmfs w smmd cm» w• ia 'turn cmmtm-. msns UMtmw rwr?f>|Hl'l Win *«7UJO(Omr t?T m mj-mtm-l hM.mt2IS fat If-jSJtIU/H/ ht:
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      Page 31 Advertisements Column 3
      529 31 WTBWMP I fft I W JBL -a «6_ HO 1 B W W It W M HQJ TBI HP SM7 Ml HAi ?I4AKOJ I W/WI(A/D7 10/07 II FOB IS/07 17/07 11/117 If/07 ZW 74/07 KAO VAB HAS HAS HAB MINAim/MM I IftWl 11/07 IVO7 RIS/B7 IMP 21/B7 73/W 2S/07 »/H7
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      Page 32 Advertisements Column 1
      1203 32 EUROPE/UK/SCANDINAVtA/FINIANO/TIUSSIA SBP ROM ANW HBC THP LHV LHV THP ROM ANW HBG PKI SOP iSfiSLSMI n7 M 74 M M 74 GRAND RE-OS 7 2M 11/1 21/1 22.1 15/7 17/7 1J* 7 M 14/s IM I*/B IW E. BENTLERE-881 2M 2M 2M V* 2M tin I" SS&JSf VJJ 1M 18/
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      Page 32 Advertisements Column 2
      990 32 a HH k VKSfI VOTAGI VGF DW AW DMM IAM IWT lAI I VCSSiI VOTAW OW AM DM MM S6P I UNOMMO 0411-02IW IW IW IW IW Ml/ UNI (ONCOtD *****?* 30/ M 01/07 02/07 03/0/ IJ/V MOTOWN *****3W 11/07 71/07 Jl/07 30/07 31/07 31/07 31/ V |UM COMMA *****3K
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      Page 32 Advertisements Column 3
      704 32 RK IW 111 MAWNC AOEMOES (S) PTE LTD UTEL *****33 (12 UNES) FAX: ***** IS/*****03 m TELEX: RS ***** MBHV (3 Utw^ 1 CR NO: **********0E ETHIOPIAN SfflPPlNfi LINKS f (Nattond Lines of EtMopia). ACCEPTING FCL AND CONVENTIONAL V»—l Voy Fa Loading lor SP<*» o *rr ltomba^o(toout ""h* l 44W8
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      Page 33 Advertisements Column 1
      634 33 iBSAi Wm MYANMA pBBk FIVE STAR LINE v\ (Myomotor Notional Lint) Loading for YMfM (Rangoon) VOY KG m Kli ujw MPT MQHATWA IMW MPT M6UTSU AGENTS: MUSTIAD SHIFTING AGENCIES MIL m 02-43-*****00 r*L TU 02-01-*****01 f» IE 02-04-2****** FGO: TE 02-07-*****21/4 Ml BANK LINE (A itr»k« of JUdnw Wok SHpyhf)
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      Page 33 Advertisements Column 2
      1057 33 /k HYUNDAI I MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****61 m Iwi ko vpsn/voY wi im mt mi ham mi 1m 10/07 12,07 13/07 unown 12iw 15/07 02/04 04/04 N/00 M/ 04 M/M M/ 00 17/07 19/07 20/07 H. lAAON 30IW 22/07 09/00 11/00 13/00 11/00 11/00 13/00
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      Page 33 Advertisements Column 3
      446 33 (fit FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) KAOHSIUNc\ j FOR ENQUERIES BOOKING 22 CALL OUR HOTLINE AT ESS m 224 1833 SUZANNAH ALVIN P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 QLOBEUNKFORWARDERS PTELTD TEL:*****33 (16
      446 words
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      Page 35 Advertisements Column 1
      50 35 To retrieve more schedules, just follow these simple steps... Ste ß/ <^ The document 740-6000^^^^^ tep will be faxed M M PressT the port your Step key in the four number 7M •JB digit code Key in your Exampto: i—, fax number To HAMBURG (HAM) 2150 for calls within Singapore
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      Page 37 Advertisements Column 1
      517 37 Tropical lci fo. $^*1 MAERSK ASIA MAERSK D CXTAVO9627 NARA963O Poft Country 15/07 22/07 Belize City Belize 18/08 25/08 Bridgetown Borfeodos 21/08 28/08 Cortogena Colombo 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 'Points a Pitre Goadeluope
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      Page 37 Advertisements Column 2
      1258 37 JTTZ ADVANCE CONTAINER LINES (PTE) LTD API 140 CacM Street #12-00, PIL Building, Singapore *****0 AT W TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E BAWOKOK JAKARTA VKSEI VOY SM UK SIN VlSSft VOY SM JKT SM IALAZAfi 917 13/07 Sat 16/07 fee 20/07 Sat jf*N SMAB
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      Page 37 Advertisements Column 3
      864 37 **********0Z VESSaS VOY SIN OAAOETTA LE HAVRE HAMBURG THAMESPOBT ROTTERDAM ANTWERP V*-L£ OE QEMMA HI»W 09/07 21/07 30/07 31/07 02/06 03/06 06/06 V-LE DE LYRA YISW 16/07 28/07 06/06 07/06 55 10/08 12/06 VU_E DE VELA VISW 23*07 04/06 13MB 14AM 16/06 17/06 55 VU-E DE CAPELLA TI6W 11/06 20/06
      864 words
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      Page 38 Advertisements Column 1
      1124 38 iinT^B^SSßEtSiroißSffl ■HSmBBI I VESSEL VOY SIN I JKT I IvCSSB. VQY SIN PEN |B H iiii BKK QUWU BHUM 3088 St 13/07 Ty JAWU BHUM «717 ~mT mPt ~8«t ia/07 H YANTRA BHUM U4N~ Thu hi Pt iAjm BHATRA BHUM m MgL- I*o7 _Bgt_ M/OT. B.MAS POA <101 Sun 14/07
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      Page 38 Advertisements Column 2
      139 38 tHM LINER SHIPPING PTE LTD Ifrl" 10 ANSON ROAD, #17-01 INTERNATIONAL PI.AZA. SINGAPORE 0207 V TEL: *****33(20 UNES) TELEX: RS 2J2J2 LSSHIP BANDAR /188/4S ZMA/A/^A/ BA.HHA.IN JEDDAH KUWAIT ma 5/07 OUIAI, MNMAM. KU«UT, MHMIN, oom. VfJg tV»"v« 22>07 UTAOK SHARJAIi, AW DIUII. MIMA QAIOQt, JOSr SUTJ I IMMI AIM! AW)
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      Page 38 Advertisements Column 3
      975 38 11 DUXTON HILL, SINGAPORE *****5 CR **********0N WWW WHimi «MVKI POM 8555 I MMANO vbmi vot mn wa Ivy. vov iw mn ***** Ftl [12/07 'SAT 13/07 BAUCAIP 6039 7j» I 13/07 SUN 1 14/07 44>w SUN 14/07 MON 13/07 BMTA V ***** SUN 14/07 TUt 16/07 MCC VANTAOt 6056
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      Page 39 Advertisements Column 1
      637 39 f: SINO IXPRESS SHIPPING (PTK) LTD. V: M M I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE *****7. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX —i SINOTMNS SHANGHAI (CONTAINIK SIKVICI) Also accepting container corgo to: VBSR/VOY eta sin ETA HKG ETA SHA W/T HKG: Beijiao, Chiwan, (IfMGYING 9617/9618
      637 words
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      Page 39 Advertisements Column 2
      755 39 Agents: MAC-NELS SPORE: *****22 (24 LINES) kuchmq.-<0^)*****3 I -I\~/ J WWPiIIIDWIHIB 8BHJ: (004) *****9 MANILA (990)*****91 PCNANQ: (04) *****9 BANGKOK: (992) *****97 SURABAYA: (91) *****0 P- KELANQ: (03) *****77 JKT (21) *****07 MON: (91) *****3 BANDUNQ: (22) *****99 20TH ANNIVERSARY OFFER:SIN/LAEMCHABANG LALAZAR' V 917 ETA SIN 13/7/96 I 0/FRT US$35/m.
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      Page 39 Advertisements Column 3
      352 39 ATTRACTIVE l] FCL/LCL RATES TO::? Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA COLOMBO CHITTAGONG ii NHAVA SHEVA WENDER CONTAINER LINES: I ENQUIRIES BOOKINGS PLS CALL TEL: 224 6744 O.K. LINE FULL CONTAINER SERVICE S 1 PORE/JAKARTA m < VESSa VOY SIN XT TW 1407 IM7 TAMBAMG VII 7313/7314 17/07 19H17 S'PORE/SURABAYA/SEMARANG VESSa
      352 words
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      Page 40 Advertisements Column 1
      338 40 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 I Document Code If you need insurance coverage for your cargo, look no further. NTTJC INCOME'S Cargo Insure-Line has just the plan for your importing and exporting business. Just consider our advantages. INSURE TOUR It's easy
      338 words
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      Page 40 Advertisements Column 2
      248 40 To advertise in Business Centre 1Z now m request for p Document Code 8000 Shipping Times Business Centre Advertising that delivers your business facts through the (ax Are you looking I ""ann* for a freight forwarder who IS Call SfFA for oeace 1,,jI ,,j 0 Reliable 0 Efficient 0 7
      248 words
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      Page 41 Advertisements Column 1
      94 41 fSMMppk Spew P.Ketang Lo*#ng I PfTOTOMASEVICH 15/07 20*37 RArVAtWUK/Nan I CANAL PS 15/07 Rdm/Atw/UK I EJW. Matoym, Indonesia J Loading for f I t)i B<l ra n Da nTr'«rVKuwait I I t I TERiSJCHORE HodeidatVJeddah/Aqaba/PL Said I lot* Singapore. EVW. Malaysia. Indonesia I I Loading for 1 SAMM FORTUNE Loe
      94 words
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      Page 42 Advertisements Column 1
      57 42 M.V. "ESPERANZA ACE" VOY. V ARRD IST JULY 19% Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 12 July *****900-1200 hours at PT2 respectively. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai AB
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  • Page 42 Miscellaneous
    • Miscellaneous
      Page 42 Miscellaneous Column 1
      125 42 LEGEND; R Thunderstorm Tempers. °C X Weother Wind direction with speed in knots V Sidy Sky Wave height Surfoce winds or* indicoted by arrows which «y with the wind One fui circle represents calm or light ond vahobie winds J—» One half Heche represents 5 knots I— One ful Heche
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