The Business Times, 29 October 1996

Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 04(V12/95 w 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, OCTOBER 29,1996
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  • 515 1  -  Partners in talks with Swire for hotel deal worth HKs2.2b Pronv Quak Hiang Whai in Hongkong THE Hong Leong group, together with the Government of Singapore Investment Corporation (GIC), may soon become the owners of the five-star JW Marriott Hotel in
    515 words
  • 386 1  -  Analysts cite political uncertainty, profit worries for 3.7% fall From, Al Labita, R Sivanithy in Singapore THE Philippine stock market crumbled 3.73 per cent yesterday, after having lost 4.4 per cent last week. Analysts attributed the sharp declines to continuing concerns that profits this year
    Source: Bloomberg; ALLAN  -  386 words
  • 601 1  -  Strong Sing a major factor in 15.7%jnmpin US$ terms By, Anna Teo [SINGAPORE] Wages and benefits of manufacturing workers grew more than 15 per cent in Singapore and Korea last year in US dollar terms, much higher than in
    601 words
  • 359 1  -  Company offering 24m shares to pnblic at 60 cents each By I Clarissa Tan [SINGAPORE] Kian Ann Engineering launched its initial public offer (IPO) yesterday, ahead of two others expected this week. Kian Ann, which distributes replacement parts for heavy equipment
    ARTHUR LEE  -  359 words
  • Page 1 Advertisements
    • 88 1 HHHHUHMB" PVBn m The listedretailer expects its Tampinee store to boost group sales by 25%, Pg4 mwaTmy^ pricing nd smallness of fevour. < «IW(linpki kit 7%, pg 19. Shares are underpinned by OTA of $BjQ2, which is cflmnrvsUw given SLA s fast depreciation policy. Sltaatkm should improve as the atiectton
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    • 133 1 INVESTING Q/? supplemented \J 9mmJm fflgMiwwunrTmwioiy> like lather. like son. JI iSßh^d^^." —Va r- .'jf- Bh K^A \M fojj Following in the footsteps of DHL's Jumbo Box romei the new Jumbo Junior. For shipments up to 10kg, the new Jumbo Junior offers same day pick up, customs clearance and door-to-door
      133 words
    • 7 1 ChuuigriMNi far makes tradeless debut, Pg 19
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  • SINGAPORE AT HOME & ABROAD
    • PARLIAMENT Briefs
      • 115 2 A TOTAL of 1,655j0b applications were received in just a month in response to the "Back to Work" programme launched recently, Labour Minister Lee Boon Yang said yesterday. Almost two-thirds or 1,069 of the applicants were married women in the 30-54 age group, 83
        115 words
      • 90 2 PARLIAMENT has given the green light for the government to spend $144 million to reclaim about 34 ha of foreshore/seabed and reefs that, along with two causeways to be built, will link the small island ofKias and the islands of St John's, Lazarus and Renget.
        90 words
      • 160 2 FIXING a quota on the number of women MPs would N neither encourage nor help qualified women to enter politics, Prime Minister Goh Chok Tong said in a written reply to NMP Kanwaljit Soin. Dr Soin had asked why the under-representation of women could
        160 words
    • 722 2  -  He says the amendment, passed yesterday, will give voters a bigger stake in poll results By Chuang Peck Ming BIGGER group representation constituencies (GRCs), which Parliament approved yesterday, will not give the ruling PAP any unfair edge but will make
      722 words
    • 321 2  -  EYE ON THE ECONOMY Commerce By, Jenny Lam THE catering trade index continued to limp along in August, turning in a weak 0.4 per cent growth at constant prices compared to a year ago. The latest growth figure continues to underscore the overall weakness in the
      Source: Dept of Statistics  -  321 words
    • 557 2  -  Services, incentives for I-Hub users; Content Hosting offers mirror sites By] Kenneth James SINGAPORE'S Internet access service providers (lASPs) yesterday set aside traditional rivalry to join hands with the National Computer Board in two major Internet initiatives. The first is a set of
      557 words
    • 359 4  -  Unhappiness highest among foreign firms and those with less than $lm turnover By I Siow Li Sen NEARLY three quarters 73.6 per cent of Singapore companies are satisfied with their auditors, according to a recent survey by Temasek Polytechnic. Only 10.3 per cent were
      359 words
    • 444 4  -  By Jenny Lam RETAILER Metro expects its new store in Tampines, the first of a planned chain of suburban outlets, to perform strongly even in the first year. Metro Pte Ltd managing director Wong Sioe Hong projected that the store would
      CHRIS LOH  -  444 words
    • 440 4  -  Region's local loop, cellular phones and paging services to see 25% annual growth By Teh Hooi Ling THE Asia-Pacific region will account for up to 70 per cent of the demand for global wireless communication market by the year 2006, says
      Source: MTA-EMCI  -  440 words
  • Page 2 Advertisements
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    • 32 2 I Singapore's one and only duck restaurant at Hotel Negara An unforgettable dining experience of exciting duck dishes set against rustic beauty. NEGARA Hotel Negara^l 0 Claymore Road, SingaporeJ229s4o Tel: 737 0811
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  • Page 3 Advertisements
    • 237 3 The place to be in. v K|S v 9119 JB **3 #1 5 Vyheelock place. I N Wheelock Place is the Singapore flagship of Wheelock and Company Ltd, Strategically located at the heart of Orchard Road, Singapore's one of Hong Kong's oldest and most reputable merchant house whose famous shopping,
      237 words

  • Page 4 Advertisements
    • 45 4 AN EXPRESSION OF ART. Archimedes Grand Tonneau BUCHERER jg Hf-Sar SWISS MADE Associate member SJ Available Exclusively at: (WatiltestfSuritzerfan&Vte QJj Watches of Switzerland at: *01-09 Scotts Shopping Centre Tel: 737 3708 #01-17 The Paragon Tel: 732 9793 #01-32/33 Forum The Shopping Mall Tel: 734 0928
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    • 237 4 THE UNITED STATE&-OF AMERICA $2 COMMEMORATIVE UNCUT BANKNOTE Features Released and Issued by Treasury, United States of America. All Notes Share the Last Four Identical Digits. Notes are all Legal Tender and in Mint Condition. /4 Ti/itA Sentimental Ualueb p-——— I Yes! I wish to order the following Mail to
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  • FOCUS: PROPERTY
    • 656 5  -  TEDS PROPERTY COLUMN With Its close JTC connection, it may get valuable information for use in tenders By Lee Han Shih WILL the frequent appearance of the statutory board Jurong Town Corporation (JTC) in state land tenders raise talk of a
      656 words
    • 330 5  -  No plans for boutique hospital at Dunearn site, says HongLeong By< Agnes Wee [SINGAPORE] The Novotel Orchid Singapore is sticking to its plan to relaunch as a four-star hotel when it completes a $14 million renovation programme by year-end. A Hong Leong spokesman said
      330 words
    • 396 6 Plaza Mont Kiara to have recreational facilities and landscaped settings [SINGAPORE] Malaysian developer Sunrise Bhd is using a catchphrase to sell offices that is usually the preserve of developers marketing residential property the "resort lifestyle" concept. Sunrise calls its first major office project in
      396 words
    • 100 6 AFX-Asia [HONGKONG] Far East Consortium International and its associate Far East Holdings International said they are planning to spin off their property operations in Malaysia and Australia in a separate listing on the Kuala Lumpur Stock Exchange. Far East Consortium plans to inject HK$75
      AFX-Asia  -  100 words
    • 154 6 Reuter [ADELAIDEI The South Australian government yesterday approved an AsBso million (***** million) key component of its proposed futuristic multi-function polis (MFP) project the first phase of a Smart City to provide 3,700 dwellings. Premier Dean Brown said in a statement that subject
      Reuter  -  154 words
    • 392 7  -  Industrial buildings, office blocks, harbour marina, cineplex, on the list By: Diana Oon NEW Zealand-based property agents Bayleys Asia is launching an exhibition sale of more than NZ$l6O million (*****.03 million) worth of New Zealand commercial and industrial property here this weekend. The
      392 words
    • 374 7 AFP [SINGAPORE] Beijing dislodged Tokyo this year as the most expensive place in Asia to rent luxury housing, with Ho Chi Minh City a close third, a property expert told a regional industry conference here yesterday. The average rent for luxury residences in
      AFP  -  374 words
  • Page 5 Advertisements
    • 251 5 Raffles Place Office For Sale Tenure 999 years leasehold Floor High floor (sea view) Floor Area Approx 8030 sq ft Remarks 1 minute wafic to Raffles Place MRT station. Vacant possession in 1997. Tender Closing Date 4.00pm, 6th November 1996 For further information, please contact Anthony Seah or Jeremy Lake
      251 words

  • Page 6 Advertisements
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    • 316 6 I FULLY LEASED INDUSTRIAL 1 I BUILDING NEAR BISHAN I J 7-storey industrial building with freehold tenure Land area 43,628 sq ft/Gross floor area 122,282 sq ft Rental income exceeds $2.3 M p.a Reputable tenants Close to Bishan MRT, CTE, and PIE TENDER CLOSING DATE: 28 Nov'96 (4LOO PM) For
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  • SOUTH-EAST ASIA
    • 222 8 JAKARTA The gas will be piped through Malaysia, say reports AFP THAILAND has agreed to buy Indonesian natural gas from the huge Natuna field in the South China Sea, in a deal that will see the gas piped through Malaysia, reports said here
      AFP  -  222 words
    • 319 8  -  KUALA LUMPUR But decline mated compared to sharp drops that Mowed 1994, D 5 budgets By Ven Sreenivasan AS EXPECTED, Malaysian stocks fell in the absence of a corporate tax cut in the government's 1997 Budget. The benchmark Kuala Lumpur Composite
      319 words
    • 124 8 HONGKONG Reuter MALAYSIA may consider capital controls as a worst-case option to manage a crisis situation in excessive short-term capital inflows, Bank Negara assistant governor Zeti Akhtar Aziz said here yesterday. But Ms Zeti said the central bank did not envisage a
      Reuter  -  124 words
    • 62 8 [PHILIPPINES] An electrician sitting on telephone cables without any safety protection yesterday while installing new lines of fibre optics as part ofa major expansion involving 300,000 new lines for the Eastern Telecommunication Company. Following the government's liberalisation of the suffering telecommunication industry, billions of dollars will be
      AFP  -  62 words
    • 138 8 JAKARTA Reuter GERMAN Chancellor Helmut Kohl and Indonesian President Suharto discussed human rights, including the contentious East Timor issue, yesterday. Mr Kohl had also invited East Timorese Nobel Peace laureate Bishop Carlos Belo to meet him, but the invitation was declined, the Chancellor
      Reuter  -  138 words
    • 141 8 +HH9MiSH AFP THAI Deputy Prime Minister Amnuay Virawan said yesterday exports in the first eight months of 19% rose 3.1 per cent year-on year, adding that growth would fall below target for the full year. The value of Thai exports in
      AFP  -  141 words
    • NOTE Book
      • 60 8 Reuter [YANGON] Myanmar's military government yesterday if J released a top National League for Democracy (NLD) A official detained last week for questioaing over a recent 1 student protest, a family member and NLD sources said, g Kyi Maung was deputy chairman of the NLD
        Reuter  -  60 words
      • 47 8 AFP [BANGKOK] Britain's Queen Elizabeth II arrived here yesterday for her first visit to Thailand in 24 years, as the guest of Thai King Bhumibol Adulyadej, the world's longest reigning monarch. She was welcomed at Bangkok's military airport by King Bhumibol. —AFP
        AFP  -  47 words
      • 50 8 Bloomberg Business News (HANOI] Inflation in Vietnam is at its lowest ebb since economic reforms began in 1987. The nation's year-on-year inflation rate through Oct 25 was 2.9 per cent, unchanged from September. Vietnam's inflation rate last year was 12.7 per cent.—Bloomberg Business News
        Bloomberg Business News  -  50 words
  • Page 8 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 795 9 HONGKONG New poll shows growing confidence in HK's political fntnre AFP CANDIDATES for Hongkong's first post-colonial government leader scurried to register their bids before a deadline yesterday, amid an apparent surge in public confidence in the territory's future. Businessman Peter Woo,
      AFP  -  795 words
    • 110 9 BEIJING AFP CHINESE Premier Li Peng pledged yesterday that the press and individuals in Hongkong would enjoy "a large degree" of freedom of expression after the colony reverts to Chinese sovereignty next year. However, such freedoms could only be exercised within the "framework
      AFP  -  110 words
    • 160 9 BEIJING AFP DESPITE obstacles created by Taiwan's government, growth in China-Taiwan trade is inevitable, a senior mainland trade official just returned from a visit to the island said, according to China Daily. Guo Dongpo, chairman of the China Council for the Promotion of International
      AFP  -  160 words
    • 84 9 TAIPEI Bloomberg Business News TAIWAN'S index of leading economic indicators rose 1.21 per cent in September, the first rise in three months and latest sign that growth may b# 4 quickening. Six of the seven indicators rose in September from August, the Cabinet's Council for
      Bloomberg Business News  -  84 words
  • Page 9 Advertisements
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  • ASIA
    • 350 10 SYDNEY He agrees to cot red tape and accept proposals made by foreigners at India Economy Snmmit Reuter INDIAN Prime Minister H D Deve Gowda yesterday gave foreign investors carte blanche to help map out the country's economic ftiture. "Whatever you suggest in
      Reuter  -  350 words
    • 142 10 NEW DELHI FT INDIA will present its trading partners in the World Trade Organisation with proposals for liberalising imports of consumer goods in January, after 50 years of protection. The move is evidence that Prime Minister H D Deve Gowda is prepared to take
      FT  -  142 words
    • 465 10 TOKYO Reuter POTENTIAL coalition partners in Japan's hung parliament yesterday failed to strike a deal to form a new government, remaining far apart on security issues and political reform, party officials said. Prime Minister Ryutaro Hashimoto's Liberal Democratic Party (LDP) began negotiations
      Reuter  -  465 words
    • 200 10 TOKYO AFP PRIME Minister Ryutaro Hashimoto's Liberal Democratic Party (LDP) scored another victory on Sunday in the gubernatorial race in Mr Hashimoto's home prefecture of Okayama, western Japan, a week after its advance in the general election. Masahiro Ishii, an LDPbacked
      AFP  -  200 words
    • ASIA Notes
      • 69 10 AFP [SEOUL] North Korea is courting the United States with a new overture that includes an offer to "recognise" the presence of US troops in South Korea, a newspaper here said yesterday. The overture was made last week when Paek Nam Jun, a
        AFP  -  69 words
      • 73 10 Reuter (CANBERRA) Australia's parliament yesterday began debating a move to quash the world's first voluntary euthanasia law, which has been condemned by political, religious and community leaders. The world's first assisted suicide law came into operation in the Northern Territory in July. But legal
        Reuter  -  73 words
      • 76 10 AFP Reuter, [NEW DELHI] Indian journalists shouting slogans in New Delhi yesterday during a protest march against an alleged attack on journalists by Kanshi Ram, president of the Bahujan Samaj Party. They said Mr Ram led an attack on reporters staking out his house on Friday
        AFP; Reuter,  -  76 words
      • 51 10 AFP [TOKYO] Bank of Japan governor Yasuo Matsushita yesterday said the Japanese economy was steadily recovering. He said firmness had been observed in private sector economic activity, but it would be difficult to see an acceleration of the economic recovery any time soon, Kyodo News
        AFP  -  51 words
      • 72 10 AFP [KARACHI] The husband of Pakistan Prime Minister Benazir Bhutto and two ministers were yesterday accused of involvement in a conspiracy to murder her brother. Lawyers for Ghinva Bhutto, the widow of Murtaza Bhutto, told a tribunal investigating her husband's death in a shootout
        AFP  -  72 words
    • 219 11 SEOUL AFP PROSECUTORS yesterday arrested and indicted five South Korean travellers on charges of lavish spending overseas, the first such arrests under new laws here. Together, the five had bought tens of thousands of dollars worth of watches, diamonds, ruby and emerald
      AFP  -  219 words
    • 532 11  -  SYDNEY Retail chain to sell fuel bought on Singapore spot market at its store forecourts By Peter Lynch ONE of Australia's largest retail chains is bidding to break the controversial stranglehold of the country's major oil suppliers, using fuel purchased on the
      532 words
    • 131 11 CANBERRA Reuter AUSTRALIA'S conservative government promised more jobs and faster economic growth yesterday after securing essential minor-party backing for radical labour relations reforms. Industrial Relations Minister Peter Reith, who concluded a weekend deal to get his reforms through parliament, said the system
      Reuter  -  131 words
    • 183 11 ISLAMABAD Reuter PAKISTANI police detained leaders of the religious Ja-maat-i-Islami (JI) party yesterday amid a second day of chaotic skirmishes with JI protesters in Islamabad and Rawalpindi, in which SO people were hurt. Staff of the private Edhi ambulance service said about 35 people had
      Reuter; AFP  -  183 words
    • 302 11 SEOUL New Defence Minister plans reforms aiter predecessor's arrest Reuter SOUTH Korea's new Defence Minister said yesterday his ministry is considering sweeping reforms in weapons procurement following an arms scandal involving his predecessor. A ministry statement said such steps are necessary be- cause of
      Reuter  -  302 words
  • Page 10 Advertisements
    • 347 10 Two New Asian Opportunities jtSSSKk Invest in Korea's Financial Future Share in Asia's Growth jll- c Many investors find the Asia region an attractive investment Recent financial reform in Korea has lowered the barriers to foreign because, according to the International Finance Corporation, Asian investment. Templeton Investment Funds Korean Fund
      347 words

  • Page 11 Advertisements
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  • THE WORLD
    • 238 12 LONDON Reuter NEARLY one in eight directors on the boards of British firms are "serial failures" who move from company to company leaving failed businesses in their wake, according to a study published yesterday. The study, by information services company CCN
      Reuter  -  238 words
    • 287 12 LUXEMBOURG AFP THE European Union and South Korea yesterday signed a landmark accord aimed at boosting trade and political ties between the EU and its 10th biggest trading partner. Irish Foreign Minister Dick Spring described the agreement, which came three
      AFP  -  287 words
    • 414 12 I PARIS Move is to raise cash to buy controlling stake in CIC bank, pacify British investors: report AFP Reuter SOCIETE Generate is considering selling part of its stock portfolio and property which are worth about 37 billion francs (Sslo.l billion),
      AFP; Reuter  -  414 words
    • 36 12 [MADRID] A herd of 2, 000 merino sheep standing in front of the Alcala gate on a Madrid street on Sunday. The sheep are en route to winter pastures in southern Spain. REUTER
      REUTER  -  36 words
    • 262 12 LONDON Japanese appetite for overseas investments hits nnit analysts Reuter, AFP THE US dollar sparkled in European trading yesterday, hitting a 42-month high above 114 yen against the generally weak Japanese currency, while key bourses largely consolidated Friday's revival. A surprise takeover
      Reuter,; AFP  -  262 words
    • 83 12 U LUXEMBOURG Reuter THE European Union yesterday imposed strict limits on contacts with Myanmar officials and their families in response to what the 15-nation bloc sees as Myanmar's continuing failure to respect human rights. EU foreign ministers agreed on the move part of a gradual build-up
      Reuter  -  83 words
    • 571 13  -  CHICAGO With the economy booming, the 'angry white male'is less angry these days By Leon Hadar IF Democratic Senator Paul Simon of Illinois had retired in 1994, and Republican A 1 Salvi had chosen to run for that seat in that year of the Republican "revolution",
      571 words
    • 233 13 TAIPEI AFP THE head of the American Institute in Taiwan yesterday denied a Newsweek report that he had pressured Taiwanese businessmen to donate money to US President Bill Clinton's Democratic Party. "It's absolutely groundless, an intrigue by the desperate Republicans to
      AFP  -  233 words
    • 303 13 WASHINGTON USslo7b shortfall represents 34.5% fall from last year Bloomberg Business News PRESIDENT Bill Clinton was expected to announce last night that the US government finished its fiscal year on Sep 30 with the lowest annual deficit in 15 years, U*****.3
      Bloomberg Business News  -  303 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 219 13 BUSINESS \olices NOTICE IS HEREBY GIVEN that, I Oh Kim Lian of Blk 110 Gangsa Road #13-95 Singapore *****0, have applied for a First Class Public House in respect of M/s Polous Enterprise located at 2A Maju Avenue, Singapore *****0, and that this application will be considered by the Liquors
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    • 429 13 ?*llHMip* -to*3s- -?M~.'-life liigBßra*s> :f s» vi »i' -Sit 1 InHK efSIH I A-. m MhFni- -11;. 1-tdii jrfl?« Iff B HI —.ii HVV V L fIH I mm ly --M ~W j 1 I 9 I H■mmmm r I I II WW Jl I Hi T jHb T' tM
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  • EDITORIAL & OPINION
    • 774 15  -  THB BOTTOM UMB OPINION By Anthony Rowley The writer is BT's Tokyo correspondent JAPAN has developed a "fear of floating" and is trying to convince its major trading partners that the system of floating exchange rates which has prevailed since the breakdown
      774 words
    • 112 15 "Don't take us for granted. Please go bask and tell your respective governments to give us a chance, so I'm not forced into a corner, to do things I'm not fond of doing." -limKengYaik Malaysian Primary Industries Minister urging Indonesian and Thai rubber producers to support Malaysia's
      112 words
    • 597 15 EDITORIAL A DECADE of unrelenting growth inevitably creates problems. The architects of Malaysia's economic achievements have decided to tackle head-on its problems of success and last Friday set out a blueprint for this task While the latest budget mapped out clearly the route to be taken,
      597 words
    • 1221 15  -  The road to European and Japanese competitive revival will be lots tougher than the US one By\ Stephen Roach The author is chief economist of Morgan Stanley Financial Times THE world is abuzz with talk of restructuring, and one thought seems to unify the debate that the
      Financial Times; AFP  -  1,221 words
    • 821 15 Vietnam's Investment bog THE importance of continued foreign investment is not lost on Vietnam's pro-reform prime minister, Vo Van Kiet. In his speech last week opening the National Assembly, Mr Kiet urged legislators to shore up investor confidence by easing complicated licensing procedures and addressing a
      821 words
  • Page 15 Miscellaneous
    • 51 15 POOMESBURY By Garry Trudeau VEIL, IF YOUR. ONCS A MEEK, ICRUISB atIXAR club is closer arounp after park un- rrsMNsexous MILLIE, HOtOPO TIL ISE3 A PERFECTLY ANPSJX&6FUL. WHAT. YOU ACQUIRE THE FRJ6HTFULXXJN6 MAN BUT (UHATCAN j MU*? MARIJUANA KM*** NAMEP LUCCA. MHO SELtS I POT LUCCA TL£=Z. I YOU NEEP
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  • EXECUTIVE LIFESTYLE
    • 774 16  -  An exhibition of prints highlights the advances in print-making since the *****, says ben mumroe BEN MUNROE THE spindly silhouette of a stork-like bird, its graceful shape filled with images of lush greenery and bursting flowers, is about to dive across the fiery sun
      774 words
    • 748 16 CHAMPAGNE Champagne makers await a rich harvest at the torn of the millennium Reuter [REIMS, France] Three years before the New Year party of the century, champagne makers are licking their lips at the prospect of huge demand for their special millennium bubbly at
      Reuter  -  748 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
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    • 88 17 BIGGEST Dian Xm Restaurant At The Neptune on Shenton Way J Dian Xin/Lunch 11 .<5 j 11.30am-2.30pm \Bf 7TH floor, overseas union house. I, COUYER QUAY. SINGAPORE *****1. TEL: 224 3922 LEAN CUISINE LUNCH BUFFET IIiUII.HI.TBmi Salads fruits rich in vitamins fibre Pasta, salmon, chicken popiah more Low fat tasty
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  • Page 17 Miscellaneous
    • 759 17 TVvRADIO 8.30 AU In The Familyy. 7.30 Tamil Seithi (T). 9.00 The Simpsons Tree- 8.00 Berita 12. LOO PM The Winners. house Horror VI. 830 Dunia Muzik. L3O Money, Money, Money. 030 J.A.G. Brig Break (See 9.30 Muzik-Muzik. 2.00 How Succeed in Our Choice). 10.00 Mahaguru. 1030 News 5 Tonight.
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    • 214 17 UHYPI'IC CROSSWORD across 7 Lifted guncase to add pad8 Classification of information ■l" given to soldiers (5) MB— 11 Contents of bottle namely, ~IH nail-varnish (6) 12 Chap's means of focusing (4) I I j j 13 Call out to tragic king emergency over H| 15 Refuse to go down
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1605 18  -  The Bali Golf Country Club is a course that thrills the senses with variation in topography, scenery and adventure, says mickiaus d'ckuz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. This review and further information about golfing in Asia are available on the
      1,605 words
  • Page 18 Advertisements
    • 290 18 MWhen was your first time? Was it on your been put through its paces. wedding day? Or perhaps in a parking iot when Reflections on windscreens are analysed and the glint from the three-pointed star on top of its reanalysed. Lasers scan non-stop for the tiniest bonnet caught the corner
      290 words

  • COMPANIES & MARKETS
    • 517 19  -  Fall of $1 to year low of $13, after a 70-cent gain last Friday; analysts lower profit forecasts Byy Conrad Raj [SINGAPORE] Singapore Airlines' foreign tranche yesterday suffered a sharp fall in price as investors dumped the stock following its disappointing interim
      Source: Bloomberg  -  517 words
    • 385 19 KL awards 3 firms 15-year contract to ran support services in 127 govt hospitals AFP [KUALA LUMPUR] Malaysia's government yesterday awarded a M 57.5 billion (554.2 billion) 15-year contract to three companies to operate support services in govern-ment-run hospitals. The three groups are Faber
      AFP; FILE PHOTO  -  385 words
    • 657 19  -  HOCK LOCK SIEW Russell Baker THE Australian Stock Exchange's Asian Index has failed to generate a great deal of interest since it was launched in February this year. The index does boast 30 companies with a combined market capitalisation of about Asl.4 billion (551.57
      657 words
    • 670 19  -  JUMABBOY FAMILY FEUD He admits 1992 surrender letter was his request but says 'I never exercise it' By\ Catherine Ong [SINGAPORE] Rajabali Jumabhoy, the 98-year old patriarch of the Scotts Holding group, had asked his three sons to surrender their rights under the
      670 words
    • 179 19 [SINGAPORE) Guangzhou Investment made its secondary listing debut on Clob International yesterday but no trades were done. Dealers said the counter, which was offered to the public at HK52.56 per share, was quoted at a bid-offer spread of HK52.42-HK$2.6O but failed to find any
      179 words
    • REGIONAL COMPANIES
      • 309 20  -  Representative office is SingTel's second in China and its sixth in the world By i Genevieve Cua [SINGAPORE] SINGAPORE Telecom yesterday opened a representative office in Shanghai which will explore business opportunities in China, among other functions. The office, to be headed by
        309 words
      • 204 20 [SINGAPORE] Mainboardlisted Liang Huat Aluminium said yesterday it has secured a $3.5 million fabrication project in Bangalore its second such curtain wall project in India this year. The company will be responsible for designing, making and installing curtain walling and cladding in Diamond District,
        204 words
      • 180 20 Reuter [KUALA LUMPUR] Malaysia's Westmont Land (Asia) Bhd (Westland) on Saturday said it plans to acquire a 32.9 per cent stake in Westmont Industries Bhd for M 5421.8 million (Ss23B million) through a newly-formed investment holding firm, Newco. In a restructuring of companies controlled by tycoon
        Reuter  -  180 words
      • 334 20 Funds will pay for a 27.78% stake and interest-free loans to Traders Square Co [SINGAPORE] Shangri-La Hotel is pumping US$l2.l million (5516.9 million) into a Myanmar company controlled by its parent, Kuok (Singapore) Ltd. Part of the money will be for a 27.78 per
        334 words
      • 248 20  -  From Al O Labita in Manila LISTED Asiatrust Bank, partly owned by a Singapore-based fund, is doubling its authorised capital to 2 billion pesos (*****.6 million) to partly cover its stock dividend. The private development bank told the Philippines Stock Exchange in a statement
        248 words
      • 260 20  -  From Al O Labita in Manila AN affiliate of a Singaporebased Japanese fund has tied up with South Korean chaebol Daewoo to build a marina in the Philippines, the company said yesterday. In a statement, Puerto Azul Land Inc (Pali)
        260 words
      • 196 20 Bloomberg Business News [BANGKOK) Securities One pic said third-quarter net profit fell 40 per cent from the year-earlier period because of light trading and share declines on the Stock Exchange of Thailand. The country's largest pure brokerage house said profit fell
        Bloomberg Business News  -  196 words
      • 205 20 [SINGAPORE] Consumer products distributor Jacks International yesterday reported a 40 per cent increase in net earnings to $899,000 for the half year ended July 31. The improved performance came on the back of a 25 per cent increase in sales to
        205 words
      • COMPANY Briefs
        • 59 20 (SINGAPORE] Overseas Union Trust (OUT) said yesterday its one-for-one rights issue of 28.1 million shares was subscribed 1.03 times with 29.8 million applications at the close of the offer last Tuesday. Its offer of $50 million unsecured fixed rate bonds due in 2001 with seven million
          59 words
        • 55 20 [SINGAPORE] Compact Metal Industries said that the Indonesian Investment Coordinating Board and the Ministry of Ju#taa have approved its joint venture with two arms. Compact Metal Industries subsidiary Compact Investment Jakarta formed the venture company, PT Indal Compact, with PT Cakra Compact Aluminium Industries
          55 words
        • 27 20 [SINGAPORE] Resources Development Corporation said Low Seow Juan had resigned as a director and from the audit committee with effect from last Friday.
          27 words
        • 89 20 Reuter [KUALA LUMPUR] Technology Resources Industries Bhd (TRI) president Tajudin Ramli said yesterday that Deutsche Telekom, which bought a 21 per cent stake in the Malaysian firm earlier this month, has submitted two names for TRl's board. "The two will be on the board
          Reuter  -  89 words
        • 101 20 AFP [MANILA] The Philippines' Ayala Land Inc said yesterday net profit rose 34 per cent from a year earlier to 3.27 billion pesos (***** million) in the first nine months of the year. The flagship company of the prominent Ayala family in the Philippines
          AFP  -  101 words
        • 117 20 Reuter [KUALA Mekar Idaman Sdn Bhd, the parent of Malaysian construction company Intria Bhd, has been asked to submit a proposal to the public works ministry to build additional lanes on the Penang bridge, the longest in Asia. Works Minister Samy Vellu said on
          Reuter  -  117 words
        • 84 20 Reuter [KUALA LUMPUR] HLG Capital Bhd said yesterday its unit HLG Futures Sdn Bhd had agreed to buy two seats on the Malaysia Monetary Exchange (MME) for a total of M 51.15 million (SI650.000). The MME trades interest rate futures and plans to
          Reuter  -  84 words
    • INTERNATIONAL COMPANIES
      • 251 21 Reuter [TAIPEIJ Taiwan computer monitor giant Acer Peripherals said yesterday a threatened US import ban caused it to briefly halt shipments to the US but the dispute has been resolved and no lasting impact is likely. A spokesman said an Acer Peripherals plant in
        Reuter; Source: Bloomberg  -  251 words
      • 228 21 Foil year outlook positive but depends partly on provisions Reuter [ZURICH] Union Bank of Switzerland (ÜBS), Switzerland's largest bank, yesterday said results for the first nine months of 1996 were higher than a year earlier but the third quarter lagged strong first-half
        Reuter  -  228 words
      • COMPANY Briefs
        • 70 21 Reuter [BEIJING] China international Trust and Investment Corp is focusing its domestic operations on the financial sector where it hopes to see 70 per cent of its profits, said group executive director Chang Zhenming. "We are making money in the financial sector though manufacturing
          Reuter  -  70 words
        • 64 21 Bloomberg Business News [HONGKONG] Concord Land Development Co said it plans to become the fourth Hongkong property company to go public this year, raising up to a net HKIBOO million (*****.4 million). It plans to sell 300 million shares at HK53.34 to HKs&96each, it
          Bloomberg Business News  -  64 words
        • 48 21 Reuter [BEIJING] The Coca-Cola Co said yesterday it has tripled the size of its bottling plant in China's eastern city of Hangzhou. The Coca-Cola bottler, Hangzhou BC Foods Co Ltd, had poured an additional US$2O million (5528.2 million) into its operation. —Reuter
          Reuter  -  48 words
        • 61 21 Reuter [LONDON) Alliance Leicester, Britain's fourth largest building society, yesterday announced details of its stock exchange flotation, which Is expected to value the company at some £2.4 billion (555.5 billion). The society said it will distribute 250 free shares to around 2.4 million qualifying members
          Reuter  -  61 words
      • 291 21 In US, market grows 12.5% in third quarter; Apple slides to third position, says Dataquest NYT, Bloomberg Business News [NEW YORK) The global market for personal computers continued to see strong growth in the third quarter, according to figures from mar-ket-research firm
        NYT,; Bloomberg Business News  -  291 words
      • 161 21 Bloomberg Business News [BRUSSELS] Belgacom, the Belgian phone monopoly, said it entered the French phone market through the 20 million French franc (555.5 million) purchase of Euroteleport from French local authorities. This will allow Belgacom to offer all types of services to Euroteleport's 20,000 customers in
        Bloomberg Business News  -  161 words
      • 251 21 Reuter [LOS ANGELES] In another sign of sluggish music markets, Time Warner Inc's Warner Bros Records said this weekend it is cutting the national staff of its black music division by 35 to 40 per cent. While the cutbacks amount to less than
        Reuter  -  251 words
    • FINANCE & COMMODITIES
      • 268 22 Reuter [SINGAPORE] Visa International stated yesterday that its second-quarter 19% Asia-Pa-cific trading volume was up 25 per cent year on year to U5527.5 billion (Ss39 billion). Singapore had the slowest volume growth of 13 per cent to US$74O million in the three
        Reuter  -  268 words
      • 454 22 Bloomberg Business News Reuter [MELBOURNE] Australia New Zealand Banking Group Ltd denied it is considering an As 24 billion (5526.8 billion) merger with London-based Standard Chartered pic. "The ANZ bank is not investigating or discussing a merger with Standard Chartered," the
        Bloomberg Business News; Reuter  -  454 words
      • 128 22 Reuter [BANGKOK] Thailand said yesterday it signed an agreement awarding petroleum exploration and production rights to Texaco Exploration (Thailand) II Ltd, a unit of USbased Texaco Inc. Texaco Exploration would spend over 300 million baht (5516.6 million) in the first three years of exploration
        Reuter  -  128 words
      • 385 22  -  Suggests linking real-time global settlement system to regional systems From Quak Hiang Whai in Hongkong HONGKONG Monetary Authority chief Joseph Yam yesterday called on Asian central banks to set up multi-lateral repurchase agreements to avert any future financial shocks instead of the
        385 words
      • 393 22  -  It says Asia fluid has low risk and Korean fond good timing By Lee Yoke Har [SINGAPORE] A low-risk investment vehicle and great timing for entry that's how Templeton Asset Management Ltd (TAML) has positioned its Asian Growth Fund and the Korean Fund respectively, both of
        393 words
      • 288 22 Citibank roped in after Japan's mmmArrinl banks rejected tie-up Bloomberg Business News [TOKYO] Citibank will be the first private bank and the first foreign one to link with Japan's postal savings system, the world's largest savings institution, the Ministry of Posts and Telecommunications said
        Bloomberg Business News  -  288 words
      • 227 22 SOKEXReport Reuter [SINGAPORE] Simex Euroyen futures backed off from their recent highs yesterday as the market took a breather amid a lack of fresh news. A trader said June Euroyen would face strong resistance at 99.33 unless there were comments from Japanese officials indicating the
        Reuter  -  227 words
      • 161 22 Reuter lionilffß THE dollar/yen was raring to go higher as the Japanese unit took a beating across the board, but dollar/mark struggled for gains. The dollar hit a 3w -year high of 114.00 yen in early trade, while mark/yen stuck near its best levels since February 1993. The
        Reuter  -  161 words
      • 293 22 ENERGY REPORT Reuter (MOSCOW] Russia, dramatically changing its approach to foreign investment in its huge oil sector, said yesterday that new domestic companies, not Western majors, would be given the upper hand in future billion-dollar energy deals. Vladimir Tumarkin, chief spokesman for
        Reuter  -  293 words
      • Article, Illustration
        1373 22 nrr— i> lg ceow utm ***** A$ C$ ECU Fir Pi HK$ Ywi io» H2$Mfcts H%o S$ *mi Vf WT$ 8*t Pww* US$ m 1066 $.178 0.630 4.081 1208 6.129 ***** ***** 0.902 6395 1990 1122 ***** 20 340 1.123 3460 1002 ***** ***** 0.493 0.793 rnada am* t86 0
        1,373 words
    • 1736 23 S1C0M FUTURES Oct 28 RUBBER (faturo doiiaq ts at 5.30pm) RSS 1 CONTRACTS cwrts/kq) CtoSt Open Month Higk Low Sett (tonnes) Merest Nov 177.50 Dk 96 179.50 «5 Jan 97 182.75 M50 Fete 97 ***** 2150 Mar 97 185.00 1750 Aor/Jun 97 186.00 900 4875 Jul/Sep 97 *****
      1,736 words
    • 2327 23 LflHMH tatestftals wa Mn AB Ports 275 5.600 Abbey National 636 *T7 Allied Domecq 473.400 8 Amec 105 1.600 AsdaGroup 1M *.400 BAT Ind 436.400 unch BICC 293.400 unch BOC Group 863.400 +3 BR Petroleum 667 .600 BTR 256 2.600 Bank of Scotland 285.400 5.400 Barclays 982
      2,327 words
    • 1672 23 Reuter H»toi22s *146.44 STOCKS snapped out of their five-day losing streak yesterday, ending on a positive tone. Brokers said, however, that turnover was extremely thin as most investors were on the sidelines, searching for sound reasons to trade on. The 225-issue Nikkei Average closed 145.44 points higher at 20,885.41.
      Reuter  -  1,672 words
    • Article, Illustration
      1623 24 AFX-Asia n Hani Seng -125.61 SHARE prices closed lower yesterday, but off lows led by declines in the property sector but with profit-taking seen across the board, dealers said. The Hang Seng Index closed down 125.61 points at 12,262.77. Turnover was only HK$5.5 billion. "The market is drifting easier.
      AFX-Asia  -  1,623 words
    • Article, Illustration
      671 24 Bloomberg Business News rl Shenzhen B Share Index +0-31 THE Shenzhen B stock market yesterday rose 0.31 point to close at 90.30. Hainan Dadonghai Tourism Centre, whose main asset is a hotel on the island of Hainan, rose three cents to HK55.75 on 221,200 shares of trade. The shares
      Bloomberg Business News; Source: Credit Lyonnsis Securities(Asia) Ltd  -  671 words
    • 397 24 AFP QWP latex -3119 SHARE prices closed 0.5 per cent lower yesterday amid uncertainty over the bourse's short-term outlook. "Most investors were hesitant amid an unclear picture of the market in the short term while many heavyweight bluechips continued their downward trend," said a broker. The TSE Weighted Price
      AFP  -  397 words
    • 616 24 AFP P All Ordinaries -LI SHARE prices fell yesterday after a slump in blue-chip mining stocks BHP and CRA. "It was surprising to see BHP as weak as it was considering the copper price was up 10 per cent last week," a broker said. The All Ordinaries Index dropped
      AFP  -  616 words
    • Article, Illustration
      762 24 AFP P Composite Index -4.07 Share prices closed 0.7 per cent lower on profit-taking yesterday as foreign investors were largely sidelined, brokers said. A dealer with a Hongkong brokerage said foreigners were absent and the index drifted down on profit-taking by local investors. "There is no real incentive for
      AFP  -  762 words
    • Article, Illustration
      824 24 AFP SET Index -&79 SHARE prices closed down 0.7 per cent yesterday in thin trading ahead of the disclosure of central bank statistics later in the week. "Investors are concerned about the economic indicators, particularly investment and manufacturer indices, as the Bank of Thailand has not released such figures
      AFP  -  824 words
    • 256 24 AFP CI Manila -110.44 SHARE prices fell 3.7 per cent yesterday amid negative sentiment over disappointing Philippine National Bank (PNB) profits the previous week. The PSE Composite Index fell 110.44 points to 2,852.16. Turnover was 6.9 billion shares worth 2.9 billion pesos. PNB fell 10 pesos to 312.50. Philippine
      AFP  -  256 words
    • 419 24 AFP D Composite Index -1L73 SHARE prices closed 1.5 per cent lower yesterday amid jitters over liquidity problems, dealers said. The Composite Index fell 11.73 points to 780.08. Turnover was 26.2 million shares worth 479 billion won. Falls beat risers 719 to 184. Korea Electric Power eased 100 won
      AFP  -  419 words
    • KUALA LUMPUR STOCK MARKET
      • 8239 25 AFX-Asia kl Composite Index -1(188 SHARE prices closed lower yesterday on profit-taking in reaction to last Friday's Budget, dealers said. The KLSE Composite Index closed down 10.86 points at 1,162.09 on volume 0f347.7 million shares worth Ms2.B billion. An analyst said: "The market is having a
        AFX-Asia  -  8,239 words
    • WARRANTS & OPTIONS
    • 2406 26 MALAYSIAN STOCKS Cf Gf 1996 Last Vol Day Last Quota Wv Wv Yld Net M Cap HM» L— Stno Company Sale COOP) High Low Buyer Sa*w Cw P/C Sm« 625 360 ms SOOO AISB50C 438 Cd -2 ts 440 436 4)8 440 SO 4.9 OJ 91J 4493 n9
      2,406 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1577 27 TURNOVER COOO) VALUC COOO) mm co» Tti Mm ck* T«m Industrial 36.546 7,209 43,755 97,866 '6.400 "4266 financt 5.611 2.419 8,030 60.152 5,015 65,167 Hot Ms 816 227 1,043 2,128 404 2.532 Prop«*t«s 3.767 5.078 8.845 17.303 7.033 24J36 Plantation t.123 '.123 2.479 2.479 Mining 99 95 258 2M BC*
        1,577 words
      • 4644 27 Of Or M Wt to<M Last Vtf Day Last Ouot« CXv Olv VM N.t Cap Av« Hi 4 h Law StNo Company S<K COOO) High Law Buyer Seller H C'vr P/C $m« Price INDUSTRIALS 5146 ASE NT$10 200 US- 1000 900 ASF US$0.***** US900 '*0 WO 214 165
        4,644 words
      • 1014 27 Or Cr M Wt 1996 LMt Va4 Day Last Ouota Dtv CMv YM Nat Cap Avq M|ll Lmt MM* fcompany COOO) M|k L—i liyir >a8*r Cor W Smk Prka SCSOAQ 289 135 a 2000 ABRMIdosSc 183 -5 350 201 183 182 184 3.0 14.2 0.1 114.4 81.4 178 119
        1,014 words
      • 908 28  -  STOCK MARKET COMMENTARY Players react negatively to disappointing interim results by Singapore Airlines and no cnts in corporate tax in the Malaysian budget By R Sivanithy [SINGAPORE] Apart from feverish punting on the Kuala Lumpur Stock Exchange's Second Board, there was little to distinguish
        908 words
      • Article, Illustration
        73 28  -  by Paul Leo STIC yesterday fell two cents to $3.08 with 1.87 million units done, 4.1 times the lOday average of 455,600 shares. A little more downside can be expected but support should be found at $3.00 where it should then move up. Relative Strength Indices are approaching
        73 words
      • ON THE GRAPEVINE
        • 150 28 WHEN you have two Members of Parliament who are also lawyers on a court case, it is well nigh impossible to fix dates for a court hearing to accommodate both of them. Lawyers for the plaintiffs in Jumabhoy vs Jumabhoy found this out yesterday. The
          150 words
        • 85 28 HERE are some of the costs of owning a Ferrari. Hong Leong boss Kwek Leng Beng has just sold his relatively unfashionable 512TR model for about $600,000, taking an estimated $300,000 loss for one year of ownership. Apparently, the car only clocked up 5,000 km
          85 words
        • 136 28 KL-BASED Jupiter Securities has just circulated a tongue-in-the-cheek list of ready-made comments that new brokers can use when explaining market movements to their unknowing clients. Jupiter claims that with its list, "almost any All, Ayappan or Ah Kow" can sound like a top-gun dealer/analyst. For example, when the
          136 words
        • 77 28 DESIGNER shoes, designer clothes, designer hair styles, and now designer loos. We are told that a pilot project undertaken by the Society of Interior Designers may result in public toilets getting designer treatment. There is a competition on to see who can come up with the best interior
          77 words
        • 101 28 BASKETBALL superstar Shaquille O'Neal signed up with the Los Angeles Lakers in July for US$l23 million (Ssl7s million), the most expensive contract in sports history. What can US$l23 million buy? According to a Bloomberg publication, you can get 188 million packages ofM&Ms at 65
          101 words
  • Page 19 Advertisements
    • 121 19 Jl# rAre we giving business travellers preferential treatment? Absolutely. And non-business travellers too.* Swissair's Business Class has been voted best in Europe so often, we're getting worried what our other passengers might think. Okay, we've been pampering business travellers with telephones they can use as soon as they step aboard
      121 words

  • Page 20 Advertisements
    • 218 20 INVESTING IN MALAYSIA? We are an established Malaysian Bumiputera company taking a fresh perspective in our business approach. We are exploring joint venture investment opportunities, in particular, projects of between S$ 10 million and Ss2oo million in value. We are interested in joint ventures with Singapore companies or multinational companies
      218 words
    • 161 20 The 1 Business Times A bold new look and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. Deeper analysis of trends, and more opinion and commentary. 2^ Start my TheßusinessTimes Subscription now $265.20
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  • Page 21 Advertisements
    • 55 21 Tung Centre 745 sf-3,165 sf Parkway Parade 925.36 sf/1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,991 sf to 13,982 sf 174 Paya Lebar Road Short term lease Built-up area: 14,477.58 sf First Capital Property =_P Management Pte Ltd (A member of First Capital Corporation Group) Tel: 437 6817/437
      55 words
    • 301 21 Freedom to Itrink SAPPHIRE' 96 HONG KONG f %fb, WW" mamllFWKm WtSk SHHHh iqTfqi hHUBB I IHmiK 4^^ m vi tßk <•■ *.jfcw. -Mt. -v. mb«a. -»..Jk^ SAPPHIRE '96 Hong Kong, the unique At SAP, our business solutions excel, giving you the Freedom to Think. Now don't miss the combination
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  • Page 22 Advertisements
    • 76 22 SgUtN<SJ(D'tJR FjfcOPERTY? < JL Dear o wners t .J. .iSelling properties these days require a property professional "R to do the job!. Getting the right j V \"W£ j price service is what I give to our clients like yourself! Let us r W discuss your property matters I'*1 I
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  • Page 25 Advertisements
    • 129 25 WORLD BU S.INESS CLASS I'm in a business where time is of the essence. So the global network of Northwest Airiines and KLM is perfect for me, because wherever in the world I want to go they're ppq pp h6 r 6 tO To ky O to yßm iSA there
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  • Page 26 Advertisements
    • 193 26 r l(inii u < Genesis 2 Genesis 2.5 Genesis 5 Worid^la^kHidspeakerstu^bymany^in the {®|H!?1 S|p (Pric* $150,000) jIYWBB (Prtc# $50,000) JMi (Pric#s36,ooo) tth Each Genesis speaker Is hand-crafted from fine |j f ]Mg Ml«! Loud lllflfl JKff B IrfnS the Gene* unique Brazilian Rosewood, incorporating the state-of- l] ij|| ;V* M
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  • Page 28 Advertisements
    • 1494 28 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute. BUSINESS Notices t<> ai)\ r NOTICE IS HEREBY GIVEN that. I Kuek Ai Lee of 5 Newton Road. #05-02, Singapore *****4, have applied for a Wholesale Liquor Shop in respect of M/s Inter-Capital Investments
      1,494 words

  • SHIPPING TIMES
    • 276 29 Bridge News, Reuter ACTIVITY for Panamaxes aa&iinued at a slow pace, as Charterers and owners Mt« breather, but rates bmfUlrm, brokers said. Baltic Freight Max came in 18 points up t&ij&S, which left a mixed feeling amongst traders pgpcially on the first day af averaging for October settlement.
      Bridge News,; Reuter  -  276 words
    • 136 29 -aool tM rff yMA «2 HK=uts *aoos SSrhriMa* I loo *0.005 m 3Mw-_m -ao2 2s fi&MlSvar* *70 -ao5 >00 ■■Kmv 10J0 UKM 3M S&MMtarWNW-US L-JJ 53 IS ->lir«iini —0.979 -ao» t2o jyTOwucr» 0.499 w Mlf«H»—U4 lit milliiil XM uncfc 10 IMMMCn 9JS -0.09 9M HUM I -aoa 4*
      136 words
    • 435 29  -  Registry gains 2 million gross tons in short span of 10 months By Yong Mei Fong [SINGAPORE] In just five months, the Singapore ship registry has moved up by another million gross tons (gt) to breach the 17 million gt mark,
      435 words
    • 125 29 AFP [BEIJING] Guangzhou, southern China's biggest foreign trade outlet, plans to improve its port facilities to accommodate ships in the 50,000 deadweight tonne (dwt) category by 2005, the official Xinhua news agency reported over the weekend. Huang Guosheng, director of the Guangzhou Port Administration, said
      AFP  -  125 words
    • 194 29 Reuter [TEHERAN] Iran has awarded a US$26O million (*****.6 million) contract to build 10 cargo and passenger vessels to three state-run local firms, Iranian media reported. The deal, between the commerce ministry and the industry ministry, includes six 22,000-tonne cargo vessels, two container
      Reuter  -  194 words
    • 248 29 Proposal will |ive greater autonomy to port managements Business Line [NEW DELHI] The Surface Transport Ministry is drawing up a proposal to corporatise all the 11 major port trusts in the country and turn them into companies. The concept, which will be
      Business Line  -  248 words
    • 258 29 Journal of Commerce [BEIJING] China is turning to overseas finance in a bid to ensure its exports of ships continue growing at a time of lower value in new orders. A group of 16 international banks recently agreed to a loan package
      Journal of Commerce  -  258 words
    • PORT Shots
      • 81 29 [SINGAPORE] Classification society Bureau Veritas (BV) is offering shipowners an integrated systems certification scheme which will simplify auditing for ISM and ISO 9000, and also give owners the opportunity to demonstrate compliance with the new Standards of Training, Certification and Watchkeeping (STCW) crew management requirements.
        81 words
      • 67 29 Reuter [LONDON] Cunard Line, the cruise line subsidiary of Norway's Kvaerner ASA, is selling the cruise ship Gripsholm to Saga Holidays for U5519.25 million (5527.l million) in order to sharpen its focus on the top end of the cruise market Gripsholm is currently chartered to Bremen,
        Reuter  -  67 words
      • 84 29 Bernama [KUALA LUMPUR) Malaysian International Shipping Corporation (MISC) and Pacific International Lines (PIL) are adding Napier as a port of call in their joint service to New Zealand. At the same time, service frequency will be improved by one day to 12 days.
        Bernama  -  84 words
    • 189 29 [SINGAPORE] The UK's Pro tection and Indemnity (P&I) Club has agreed that a limit of US$4 billion (585.6 billion) be the optimum level for claims other than oil pollution. In a circular put out last week to its members, the club pointed out
      189 words
    • 874 30  -  AIRCRAFT MANUFACTURERS: SPOTLIGHT ON AIRBUS INDUSTRIE the European consortium faces the challenge to turn from an alliance of aerospace companies into a stand-alone business capable of fighting US aircraft maker Boeing on equal terms Ross Tieman FT Deprived of both a stock market profile and
      FT  -  874 words
    • 295 30 PAGE Drift Car 90 11 m n Eastmel 2 Aeiocean 13 ECL 6 IT 3 EES 13 U* u Ettiiopian 6 i Accord 12 Eurohanj 6 MmMel 4 Evergreen 6 4 t Famous 7 EST"* J Fl-W* 7 Austral n Aunt FroU 12
      295 words
    • 14865 36 EXPORT ETA ETA Advartlsar V«s« Voyaqa T»l«p7»«» ETA ETA Advartlst Vassal Voyaqa 7Hapfton« SIN Oastn N*m« N*m« Sumo*' Numfcar SIN Oastn Nam* Htmt Numtwr Numbac 30/10 01/0 Xour MCC VANTAGE 60*7 *5-*****54 A 30/10 02/1 Avant THANA BHUM I54N *5-*****55 02/* 05/1 ACL KOTA MULIA MUL0W *5-2212*21 To
      14,865 words
    • SHIPS IN PORT
      • 674 43 »tssd VoyNo Bfth An1*«< OgMtjgr JM|M taWKtn JOT M««aO 30W/2300 MMM* un M MM JO* *■>* OLH/ZMO Mm Hit J* —»Mi 20 Ma ovm j» mm* n.nmao mm-M cm JH RH IS JIT HIHIIII :i ewoc laM] MM J03 MM* 20.M/2000 2*0* J» mm* awaoo it«M mk j»
        674 words
      • 1633 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Manet Rstls SMp Voy No Etb/Btr Nrtod Froa To Froa M CMM out io/o7oo M 20/BM nfltst 20/1*00 m itnoo whm 20/1*00 a timo womi a/o*w K It/1700 2*/0M* a :«*x j a/oroc 20/10* ivmoo < a/ino n/M» 2t/mo wi
        1,633 words
      • 201 43 Ng*M Turkey: Republic Day. OetSl Taiwan Birthday of President Chiang Kai-shek (1887) observed as Veteran's Day. Slovenia: Reformation Day. Motl Austria, Belgium, Croatia, France. Italy, Luxembourg, Poland, Slovakia, Spain, Ivory Coast, Lebanon, Mauritius, Peru: All Saints Day. Chile, Guatemala, Mexico Day of the Dead. Slovenia: All Souls' Day.
        201 words
      • 944 43 THIS report compiled by Cockett Marine OU Lid. shows price ranges la US dollars Instead of single prtcaa for a more comprehensive deecrtp tloa of the market Prices shown are baaed oa average-slaed stem Market movements are Indicated The Cockett Bunker Price Index change and the
        944 words
      • 384 43 Cvtoa 180 Mu 992.6 L0 XIA 0.10 49 0.00 Oct 25 »MrtV BMor HmMm AMI MM HoMomE2S 1 0 0 0 0 0 300 Am 987.6 0.3 III 0.07 II 0.00 g Com 380 Mm 991.5 H 18 8 0.11 SI 0.00 f »Oi »M/M W
        384 words
    • AIR & LAND TRANSPORT NEWS
      • 295 44 Reuter [JAKARTA] Indonesia's national airline Garuda said yesterday it was committed to ftirther investment in the air cargo sector after launching its first cargo flight at the weekend, and was confident of growth potential in the market. Garuda on Sunday unveiled its
        Reuter  -  295 words
      • 320 44 AFP [MARSEILLE, France] Air France chairman Christian Blanc hinted in an interview published here yesterday that Air France may acquire the private French airline AOM to counter British Airways' ambitions on French routes. "AOM is nothing like Air Liberte," Mr Blanc
        AFP; FILE PHOTO  -  320 words
      • 265 44 Reuter {BRUSSELS] Officials from the European Commission, most of the 15 EU countries and representatives from Europe's airlines will converge on Washington this week for getting-to-know-you open skies talks with US counterparts. While the two-day meeting from tomorrow will be no more
        Reuter  -  265 words
      • 399 44 Federal Aviation Administration head aims for goal of zero accidents NYT [CAMBRIDGE, Massachusetts] The US airline industry needs to improve its flying safety record to avoid a future public perception "that safety is going to hell in a handbasket", according
        NYT  -  399 words
      • 63 44 [MANILA] Public transport drivers parking their jeepneys (mini buses) in a vacant lot in the Manila suburb of Quezon City yesterday after they launched a one-day strike to protest against fuel price increases. The strike stranded thousands of commuters who use the jeepneys—the most popular
        REUTER  -  63 words
      • 238 44 AFP [SEOUL] Negotiations on acquiring aircraft builder Fokker have a long way to go, said South Korea's Samsung Group as both it and the Dutch government aenied a weekend report that an agreement was already on paper. "My understanding
        AFP  -  238 words
      • 288 44 Affordable family car will debut in Jan next yean report AFP [TOKYO] Japan's Toyota Motor Corp said yesterday it would launch its "Asia car" in Thailand early next year, but declined to disclose further details of the project. "We plan to launch the
        AFP  -  288 words
      • 180 44 AFP [HONGKONG] China National Aviation Corp (CNAC), the controlling shareholder of the Hongkong Dragon Airlines (Dragonair), has acquired a regional Chinese airline, it was reported yesterday. CNAC, which has applied to set up an airline company in Hongkong, has taken control of Zhejiang Airlines,
        AFP  -  180 words
      • 187 44 Reuter [LONDON] Rolls-Royce pic is planning a reorganisation which will involve selling many of its remaining industrial power operations and its materials-handling business, according to the Sunday Times newspaper. The newspaper said chief executive John Rose wanted to focus resources on the company's
        Reuter  -  187 words
      • LOG Book
        • 83 44 [SINGAPORE] Hongkong-based Dragonair has announced planes to expand its all-Airbus fleet by acquiring up to iL eight more aircraft from the consortium's new generation'' product line. The carrier has signed a contract for the purchase of two single-aisle A32Qs and an option of five more,
          83 words
        • 57 44 Reuter [SHANGHAI] Shanghai people fill in a form in which they guess the number of footballs in a red Ford car (background). If you guess correctly, you win a Ford gold coin worth s,oooyuan (*****). A Chinese agent of Fbrt Motor Co is using this as a
          Reuter  -  57 words
        • 82 44 AFX-Asia [BOMBAY] Honda-SIEL Cars India Ltd, a joint venture sg. between Honda Motor Co Ltd and the SkkiharthShriram 5| group, will launch its 1.3 litre City model in November next year, the Financial Express quoted Honda SIEL president and chief executive TerooFujisaki as saying.
          AFX-Asia  -  82 words
        • 84 44 Reuter [ISTANBUL]-Turkey is to build a second international airport in Istanbul within the next two years and has secured the necessary financing for the project The state-run Anatolian news agency said last week quoted Deputy Prime Minister Tansu Ciller as saying that the
          Reuter  -  84 words
      • 1331 44 CITY FU6HT ETA FllCff jjj AMM SO230 WIS 0F82 2050 I COMORO. OFII IMP Haas* VK745 1255 VW744 1355 Aastartaai GA897 TV45 KL844 0125 0» M* 740 S0329 1525 KL83I 2335 HatYal T6407 2120 T6408 0020 ***** 1540 S026 2355 ***** 2155 ***** 186 Atfcns *****
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  • Page 29 Advertisements
    • 15 29 Airbus charts flight path for future Challenge of fighting Boeing on equal terms. Page 2
      15 words
    • 318 29 Wake np to need to improve safely, US airlines urged FAA aims for goal of zero accidents. Back Page M Hongkong-based D-Prsicht as part of its PpAltfTlT C& expansion, has moved its headquarters to Unit 2003-2006, HAIW nfflCA 20/P, Yat Qiau International ww VAAAVV lift fVwiwHgKt West, Hongkong. Its I
      318 words

  • Page 30 Advertisements
    • 519 30 nrangnH EjKgMDflH|^^H^HHHfl|^^nH^H^^^BHgjiP3|y tttflftPOlW "®jjj~ VM S *> u j vcsa vot mm 'ma m cot sm L hxmt WW a/10 11/11 10/10 14/11 31/ It W15TII«HI» Ml 14/10 a/10 a/10 31/10 M/ 11 matCON 14/1# 17/10 17/19 21/ M 17/11 MNUMMT Mi M/U 17/11 #1/11 »/l1 11/11 Muwam OSW 11/1*
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  • Page 31 Advertisements
    • 944 31 1 PAQRC SOUTH WEST EXftKS (MKKT) I rasa 1 iot I wa »n> jane 1 uut 1 not I —i 1 o* i wtc j at I hou [wot I I g K? 3g 5S K s£! s£! Sffl S£! Si! iiawwi «m a/ii a/n if/ii p/ii m »r" "i"
      944 words
    • 2145 31 0 HANJIN SHIPPING USA CANADA' umnm/vot urn m sa |ro| iw |Tor|oi|B>n|Bei|wt|ww |a« oos |im| a» mlm m m m UTOBWAMA Mil M/ 10 >!/!• 11/11 B/11 B/11 14/11 M/U 14/U B/U M/ 11 17/11 14/U M/U 10/11 17/11 B/11 1 17/11 P/U M/U B/11 MBMUWWI M/U >7/11 M/ 11
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    • 108 31 :f j I A I ORIENT EXPRESS UNES (U.K.) LIMITED■I OSJ. (MANAGER FOR SHREYAS SHIPPING UMfTED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTjj_| YISSII VOY SINGAPORE BOMBAY VfSStt VOY BOMBAY SIHGAPOt! NORDKAP 402 03/11 10/11 NORDKAP 401 26/10 03/11 LEERORT 909 05/11 12/11 ELJZA 303 30/10 05/11 j SJNARTOBA 203 17/11 24/11 SINAR
      108 words

  • Page 32 Advertisements
    • 960 32 <<r DSR-SENA TOR ill Round the World Container Services TOUK/CONTINSm' FBOM UK/CONTINKOT horn Inn l»1 imi Imlan lu tww luw ll—' In* |u» I— |i 11— I mini li mii» v*mt MM7IK.It I It.ll It.ll M.ll till CMTMMBUJRT SMI |M W.a aa 11 1# 11H) 13 W a.ll KWCOMH.OTwaalaitj n.n
      960 words
    • 1112 32 I NORASIA 1 ypy I—i pkl| oqa lasbclvalalo motant fellha I MSC CARLA 9642-3 12/11 63/11 IVII 2WII 17/11 24/11 29/11 21/11 22/11 22/11 24/11 I SffIMUN 9643-3 6*ll 17/11 2211 27/11 2VII 61/12 62/12 2*ll 29*11 2*ll 61/12 I NOR HONGKONG 13/11 14/11 2*ll 63/11 61/12 6*12 6*12 66/12
      1,112 words
    • 386 32 Direct Container Service to Fangcheng j Zhanjiang 3 Vessel Spore Fangcheng Zhanjiang 1 UANBAO 02/11 07/11 09/11 ««l| I /VOffTß^tW^ NUli Pipuvo RO/10 Grrior Ampthy RO/RO, Ramp Capcdty opto 40 Urns *i ft£| A. 0f ntovy tiff ipfo ooj rotts Conmtimtl/kmk kk /(mkkm/Rmhn OmUmC Thai Flog Status 2 I Aaii
      386 words

  • Page 33 Advertisements
    • 1358 33 IVVSTRAITS SHIPPING PTE LTD 10 Hoe Chiang Rood #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 SUM lIBUNII COMVfUTttyt SIIVKE [HQ CHI MIHH Hill COHTAIHH SIIVICI vcsa vot 3C Ivissa vor ita sweat} n>Hai(wc)"] w/n >$/ii ot/n Qtwnmiuutov vniTw 82Z1J UZIJ swaitshok mm 07/n io/ii n/i» ooion mrnov vhiiw
      1,358 words
    • 1244 33 MRICTGUI SAILING EVERY HOW) AY 1 SHORT TRANSIT OF 5 DAYS J I3fi&S£ S is!22Ltf9 n S.. 6 SWtfTOK mi TTL774 ItOO MX: J74WM OUTW/UtD (l/l) 4?0$»0? JOHOM OfFKI COSTAR SHIPPING PTE LTD fi7-MMSO4M saus/kgs *****4t/4S ohmm opt (o/oi 4»sns COSTAR A6IMCIES (M) SON BMP I JgjjfcJlMHlMMa TOWBTWO (*****01 COWVPTOOOAI
      1,244 words
    • 470 33 IPERKAPALAN DAI ZHUN TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952* KtKMIH+fASTIST TWAMSIT/ MWAMA-PWIOWITY if Iff/j /fO CMI MIHM-MBKATiB J j AffU 961 M 30/10 GIWIII HSO 30/10 GRRMf A 5444 03/11 GISOON HIS 02/11 GttKNG H79 OS/11 GIWI
      470 words

  • Page 34 Advertisements
    • 1303 34 tUWOnjWTOMKWMWUWmAMWtIW MP ROM ANW HBO TMP ZEE LMV LHV THf ROM ANW HBO PKL SOP E. ROYAL RW-828 82/11 M/ 11 H/11 23/11 2VII 28/11 E. SLOWING M-537 86/16 87/1B 86/16 BBflO 11/11 04/11 M/ 11 E. RERNE RW-888 BWII 28/11 38/11 38/11 82/12 83/12 84/12 E. GOODS RE-884 13/18
      1,303 words
    • 1017 34 lixporr Vtssa VOTAM W Ml IN DM MH Ml Ul VKSH VOTMt OW AMI MM MM SOP UN (OHM *****3W 31/10 IVU 11/11 11/11 11/11 11/11 11/11 UMOWMM) 0424-02 X a/1* TJ/1* OS/11 uaown (x»oj<w 07/11 17/11 11/11 14/11 k/ii u/n u/11 |umconceit *****7* 17/10 n/10 11/11 30/10 11/11 Also
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    • 582 34 UTEL *****33 (12 UNES) "J FAX: *****18/*****03 TELEX: RS ***** RIBHIP P UnM) CR NO: **********0E C ETHIOPIANSHIPPING UKI •»BWWP IPEW El JMHMQRK EQNQMRNI^Prv* f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Voy Fa Loadhnlor Sport Andhm 4gWB 18/12 A at Abtoay Wonz 51WB 06W1 ORbOtNI. Aaaato, H kIEN
      582 words

  • Page 35 Advertisements
    • 683 35 iiii x uiiuo, x ucouaj, uv/iuuui i&wj I BSA jH tea MYANMA VBBBk FIVE STAR UNE (MymMT Notiaaal Um) v loading for Yaagaa (Raajaoa) vfssu vor SM KG PW pgu PAGAN 214* SID MAGWAY 41W 01/11 MALAYSIA AGOTTV KXKTUO SMTPWG AGOKXS M: Tfi 02-43-*****00 ML m 02-03-37*4101 POfc m 02-04-*****02
      683 words
    • 921 35 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****32 nu w I wo I vissii/voT vqt 101 ni aw nam imj 14/09 14/09 17/09 NT FIOOAI 301W 20/10 13/11 14/11 14/11 14/11 14/11 19/11 11/09 23/09 24/09 Mt AMMAI JO3W 03/11 20/11 21/11 23/11 23/11 23/11 2*/ 1
      921 words
    • 452 35 FAMOUS CONTAINER LINES JM— 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) MEDITERRANEAN (f |j\ We make Sure Our Standards Never Change i For more details please call for Ramlah/Angie/Molly *****33 P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) j. BAHRU PH: 0207-*****22 CWTQLOBEUMPTTELTC>
      452 words


  • Page 37 Advertisements
    • 51 37 To retrieve more schedules, Just follow these simple steps... SStep^ document M>ial 740-6000 7!^ P be faxed m mJ\r M Press r Dnter your Step key in the four hone number c °de Key in your Example: i > fax number To NEW YORK (NYC) 2275 United States for rails
      51 words


  • Page 39 Advertisements
    • 512 39 7«amUal WsoklylCLAKL njD|C3| Swvim to Coribbaon A Control Amtrko |DORTH£MA£RSK DRCHMABBK Pbrt Country 29/10 05/fl Belize City Belize 02/12 09/12 Bridgetown Borbodoj 05/12 12/12 Cartagena Colombia 04/12 11/12 CasiriM St. Lucia 04/12 11/12 Fort de France Martinique 05/12 12/12 W Freeport Bahama, 3)/) 07/12 Kingston Jamaica 02/11 09/12 m Fointe
      512 words
    • 1269 39 ADVANCE CONTAINER LINES (PTE) LTD A A I Z 140 Cadi Street, #12-00, PIL Building, Singapore *****0 'ML« L_- TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E IAWOKOK JAKARTA (5 S»ltngtV(Mti Id PAT, 3 SaMteat to NfT, 2 Sa*ltngi M LCH) (4 SaiHe«tAN«*) vma VOY an not
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    • 876 39 |cR WO: **********02 VESBBJS WY~ MW PAMgTTA I LEHWRE HAMBURG TIIAMCBTORT ROTTTOtAM ANTIWERP VtUJE D'AQULA AI7W 29/10 o*ll I*ll I*ll 21/11 22T11 24/11 vtiEoccAWNA ci7W oa/11 wii 2*ll 28/11 28/11 2am 01/12 VftXEDESAOrrTA SI7W 12/11 ZVII 02/12 CXVI 2 00/12 08/12 Oe/12 VEJLEPE NORMA NI7W I*ll 3*ll o*l2 I*l2 12/12
      876 words

  • Page 40 Advertisements
    • 1581 40 BSjH|MTPfmjMH|H| [vessel voy sin jkt [vessel vov sin PEW 7 p-TT- EAQLE TIDE' 151 Tu* lln Pt sit 02/11 B.MAS EMPAT 6147 Tm_ In Pt ~Thu 3i/jQ V€BSa VOY SIN SKK OUBUBHUM fTH THu 31/10 St 08/11 NAMTABHUM 318N Tu» In Pt St 02/11 WANABHUM 340S S«t 02/11 Tub 06/11
      1,581 words
    • 962 40 ySSwoM/oSraSS^ V V—«l VOT WW CIO |viM«l vor HH ccu PADMA 327 THU 31 /To~ WED 106/11 BtKXK RIVM 1 260CNS |FM 101/11 ~WKd|O6/11 M«OHNA »13 THU 04/11 TW 08/11 BwQTSI 320 SUN 03/11 Htl QB/M CONSISTENCE 332 TWO 107/11 I MOW I 11/11 BtKMK SHBWO |I63CM>IsAT 109/11 THU 14/11
      962 words

  • Page 41 Advertisements
    • 627 41 SINO IXPRISS SHIPPING (PTC) LTD. A MM I 11 COLLYER QUAY #06-01 THE ARCADE JJSii" TEL: *****00 (4 UNEB) FAX: *****08 TLX: R*****1 SINOEX SIMOTtAMS SHAM6HAI (COMTA NIK SliVICi) Also accepting containercargo to: IYESSEI/VOY ETA SIN ETA HKG ETASHA W/T HKG: Beijioo Chiwan liTir-— SgSsjßjSu GOOOIUa 9607/9608 07/H IVII 16/11
      627 words
    • 419 41 Carrier: MM CWTRUMES. UK (MtOKOlb(Mq2IMnT MMMIfc (*i>*mo KELAWO: (03) WafT7 JCT: (HmMllff MO* (t1)«4«a HKG ETA FREMANTLE ETA "N. NORMAN DIE" V 4416 31-10 "B.KENARI" V447S 0311 PKG FXT/RTM/HAM "AKA BHUM" V 6697 31-10 "HJ ELIZABETH" VO22W 04-11 BKK SYD/MEL/BNE "BASTION" V 946 31-10 "NYK PROVIDENCE" V.314 31-10 MNL TYO/YOK/UKB/OSA
      419 words
    • 308 41 I S'nw P Kjitomn I n«rt»iii Bnr 1 I AMANPULO 30/10 fl MCKOLAS 29/10 04.11 RdnVAtwAJK/Nm 1 MELERI 18/11 RdrrVAtwAJK/Nvi *J PAN FORTUNE 20/11 25/11 RdnVAtwAJK/Nv v fl fl; Loada E7W. M*ay»a. Indon—fr J II hi guy for 1 CAPT YANNIS L fl HAIJM METE Hodaidah/JaddrtAqaba 1 APJKARAN Oubai/BahraiiVDotWDammaiVKLiwart 1
      308 words

  • Page 42 Advertisements
    • 814 42 Shipping Times -business Centre «jjii; Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. 3 To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. BMBII oufo Products Services i Turnkey Factory Automation System
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  • Page 43 Miscellaneous
    • 122 43 UGCNO I R Thunderstorm T C Shower Weother _X Wind drection with speed n knots V Wov. height Cloudy Sky Siiffocv ofc by ow®"i wfcicfc Hjf Wftfc lfc§ wwid On* fut circle represents calm or light and variable wind* i_ On* half Heche represent* 5 knot* I L» One ful
      122 words