The Business Times, 4 February 1997

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, FEBRUARY 4.1997 85*
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  • 63 1 9mm Kl ttl&M 1.59) D Sum (+2.40) Plbtcomp iJ BUM (-3.09) fm BTHBt El MtL»(+o.6€) QJUKEfMOBt mm moui flMjfcSillBT mMO* 6 —I I I Mwnlij Change im comp —mm— NIKKEI. igjMtJi -144M HANG 8EN0 IMtlJ?—+UUB SBT INDEX MIM *41 JAKARTA COUP 187.47 -U6 MANILA COUP _*A47j* +»J» TAIPEI
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  • 68 1 ■ill— iiiiii US* 8$ US* 1.408 S LSCi UM DM MM UH ten i»_ ins Life m aw »M7 TO— tts» its BAiff U» 0.OM BUPIAHIM tMS IM 'nsBuns 158mau5MZzzz 144 SJMU8TA IIZ.I8JI T£y«COK 1126 <HftNiLA 116* JUKI W WDNEY <J9 4 HWIQ IN jaouL it* BCJRICH** SJK PSANKFUIT**
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  • 583 1  -  Decision over control of Manila Hotel could jeopardise govt's privatisation plans From Al Labita in Manila IN A ruling that could have wide implications for foreign investment, the Philippine Supreme Court yesterday threw out Renong Bhd's winning bid for control of the historic Manila
    AFP  -  583 words
  • 463 1  -  He cites Internet project as example of Microsoft's commitment to S'pore From Kenneth James in Davos, Switzerland MICROSOFT chairman Bill Gates said yesterday that Malaysia's Multimedia Super Corridor (MSC) will benefit rather than threaten Singapore and cited an Internetbased project with the
    REUTER  -  463 words
  • 481 1  -  Analysts generally expect the stock to gain up to 20% more to settle at $22 to $25 By. Jennifer Lien [SINGAPORE] Following Its stunning surge in second quarter results, Creative Technology shares soared more than 18 per cent yesterday to an intra-day
    Source: Bloomberg  -  481 words
  • Page 1 Advertisements
    • 124 1 DTSEDE Pikxstai Former Pakistan prime 1 minister Nawaz Sharif claimed victory in yesterday's election. Mr Sharif secured a seat in parliament, according to unofficial results released late yesterday, P|9 CSBMVnB yluiiwiwaii BmatfiwMag Hi, thispg. Sounds dramatic, but businessmen will find work-arounds, like getting the right local partner. Gtw*m*umwmgiMJft to dan
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    • 17 1 Technology's role in M E peace, Pg 10 Intel plan* to ramp up chip output, Pg 16
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    • 83 1 IJ Singapore's m Signature Dishes am il* ins M* Barbecued Sugar Multimillion- Cane Ribs dollar Chinese ■■MlP'llllflMl »M-<por4p««) All Braised Pigeon with 1 heme Goose Liver and Wild Mushroom Restaurant $32 (for 4 persons) presents Pan-fried Scallops glazed with Orange Sauce New *4 per person Baked Seabass Cl lISINF With
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  • SINGAPORE AT HOME & ABROAD
    • 168 2 CENTRAL Provident Fund (CPF) members last year invested a net sum of almost $1 billion of their savings in equities, endowment policies and bank deposits. According to the CPF board, since the CPF investment schemes began in 1986, a net $9.14
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    • 131 2 THE Economic Development Board has appointed new board jth0 j started thM?'Me-£ear,-tWrrv last *****1 l.i j aOPTD f*. Culled from both the public and private sectors, they are: Advanced Systems Automation/Microfits and Method managing director Jimmy Chew Hwee Seng, Toshiba Singapore managing
      131 words
    • Article, Illustration
      63 2 [SINGAPORE) A worker at "bak kua (rou gan) seller Lim Chee Guan's shop holding up a sign warning of limited stocks of the sliced barbecued pork. A scene like this is every businessman's dream. By 5 pm yesterday, there was a queue of about 100 people outside the
      ARTHUR LEE  -  63 words
    • 303 2 The Straits Times SENIOR Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong have filed a new lawsuit against Tang Liang Hong for remarks he made at three General Election rallies on their purchases of apartments developed by Hotel Properties
      The Straits Times  -  303 words
    • 425 2  -  Monthly applications hit two-year low in Dec, only 549 applications filed By] Michelle Low APPLICATIONS for Central Provident Fund savings to buy private property came to 2,177 applications in the fourth quarter, just 6 per cent more than the previous quarter.
      425 words
    • 302 2  -  E7E ON THE ECONOMY Liquidity By, Audrey Tan MORE businesses faced cash flow problems last year, going by the pick-up in the CPF default rate. The average default rate of 1.3 per cent for the last quarter of 1996 took the full-year average to 1.45,
      Source: CN  -  302 words
    • 448 2  -  Investors agree to accept substitute project but developer rejects conditions By; Lu Ning SINGAPOREAN investors who had put $10 million into a China property project that never took off have agreed inprinciple to accept another project as replacement. But there is still a snag. Their
      448 words
    • 116 2 NGEE Ann Polytechnic has teamed up with Goh Cheng Liang's Yenom Holdings to study the breeding of redclaw crayfish, the results of which would be used for large-scale farming in Thailand. Yenom is privately held by Mr Goh, the founder of Wuthelam Holdings, which
      116 words
  • Page 2 Advertisements
    • 204 2 Available from all good newsstands and major bookstores including: MPH, Times, Kinokuniya. Distributed by MPH Distributors (S) Re Ltd. For enquiries please call 453 8200. CUT-OUT THIS AD AND GET YOUR *FREE NIGHT'S STAY AT GRAN MELIA JAKARTA Bring this od with you the next time you check-in at Gran
      204 words

  • Page 3 Advertisements
    • 260 3 BREITLING MM HRONO 1 AT Mechanical chronograph The rugged and compact Chronomat was designed f<v T Designed for service in the demanding, split-second and developed in cooperation with the crack pilots L H world of fighter aircraft, the Chronomat is easy to of Italy's elite Frecce Tricolori flying team. 1
      260 words

  • FOCUS: PROPERTY
    • 2033 4  -  A look at whether an en bloc sale can be blocked by minority dissenters By S K Phang The writer is an advocate and solicitor with a PhD in Law. This article first appeared in the January issue of Singapore business [SINGAPOREI SEVERAL
      FILE PHOTO  -  2,033 words
  • Page 4 Advertisements
    • 300 4 INVITATION TO JOINTLY DEVELOP A PRIME CBD COMMERCIAL SITE Rare opportunity to jointly develop a prime V c ,v 7 —7 commercial building near Raffles Place uog pItZM C t in the heart of the Financial District ocsc j Combined Land Area: Approx. 1863.2 sq m I£ I I (20,055
      300 words
    • 74 4 ♦The Property Column has bean held over Good Class Bungalows District 10 For Sale By Tender 11 Lady Hill Road Part single part double-storey freehold conservation bungalow Land area approx. 27,465 sq ft 16 Ewart Park Single-storey freehold bungalow Land area approx. 30,255 sq ft Possibility of subdivision into 2
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  • Page 5 Advertisements
    • 291 5 l< it-V'.tl't 11. i-I t•• v. jt No one knows who it was. Or where. To maintain our competitive edge it won't be resulted in a major money-saving restructuring. And But about 15,000 years ago some bright spark enough just to work harder. We'll have to work 'smarter/ not content
      291 words

  • SOUTH-EAST ASIA
    • 144 6 KUALA LUMPUR Reuter MALAYSIA closed part of its border with Indonesia on Borneo island yesterday in the wake of recent racial riots on the Indonesian side, Bernama news agency said. All border posts between Sarawak and Indonesia's West Kalimantan province would be closed indefinitely,
      Reuter  -  144 words
    • 691 6  -  ASIA-EUROPE TALKS Asean-EU relations near critical turning point and may sink over E Timor issue By Yang Razali Kassim TWO KEY intercontinental meetings which Singapore will host back-to-back soon after the Lunar New Year and Hari Raya Puasa holidays could set
      691 words
    • 422 6 JAKARTA Salim group founder Liem Sioe Liong heads individual list Reuter MINING giant PT Freeport Indonesia was the top corporate tax payer in Indonesia in 1995 and Salim Group founder Liem Sioe Liong the top individual tax payer, a senior
      Reuter  -  422 words
    • 272 6 KUALA LUMPUR Cabinet panel okays &ust-track solution; projects to be carried out immediately AFP MALAYSIA'S government yesterday announced an immediate Msl6o million (5590.7 million) plan to expand roads, build underground bypasses and overhead bridges to ease the city's chronic traffic jams. Deputy
      AFP  -  272 words
    • 169 6 JAKARTA Reuter A CONGLOMERATE controlled by Indonesian President Suharto's eldest daughter, Siti Hardiyanti Rukmana, will start building a 5.82 trillion rupiah (553.5 billion) road-rail link in Jakarta in April, the official Antara news agency reported yesterday. The announcement is likely to
      Reuter  -  169 words
  • Page 6 Advertisements
    • 209 6 BREAK AWAY FROM TRADITION. (Celebrate this Lunar New Year in a German restaurant!) Have a family reunion feast with a Advanced reservations required. difference. A magnificent meal offering Call: 337 7130 the best of German favourites and r r Lunar New Year Set Menu testive tare. Prom Bavarian appetisers and
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  • FOCUS
    • 1201 7  -  The town of Zhucheng, near Qingdao, has become a star in China's privatisation programme By] Lu Ning [SINGAPORE] TO A casual visitor, Zhucheng, about a twohour drive from China's famous port city of Qingdao, seems a typical sleepy little farming town in the middle of nowhere.
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    • 453 7  -  COMMENTARY Some lust need capital or raw manajpmifliitj others agfwtg By Lu Ning jk QUIET revolution is taking l\ place in China. Once completed, China's industrial landscape will be JLdrastically altered. The quietness is necessary for this quasi-privatisation exercise to proceed in an
      453 words
  • Page 7 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 426 8 BEIJING It is tightening grip on financial system, watching commercial banks, say bankers Reuter CHINA'S central bank, stung by the collapse of a major trust firm, is looking warily at the nation's financial system, warning of dangers to Beijing's prestige and social
      Reuter  -  426 words
    • 308 8 BEIJING Reuter AFP CHINA and the US have made headway in talks on Beijing's accession to the World Trade Organisation, with Washington keen to move ahead at the start of President Bill Clinton's second term, diplomats said yesterday. Visiting US trade official Lee Sands held
      Reuter; AFP  -  308 words
    • 200 8 TAIPEI Reuter TAIWAN President Lee Tenghui yesterday ruled out reunification with arch-rival China under Beijing's "one country, two systems" proposal. He also said Taiwan needed submarines to defend its coast against possible Chinese aggression. "We cannot accept... the 'one country, two
      Reuter  -  200 words
    • 193 8 HONGKONG AFP THOUSANDS of British expatriates in Hongkong have quit the territory ahead of the July 1 handover to China, according to official figures quoted yesterday by a Hongkong lyFigures from the Immigration Department showed that 25 per cent of the
      AFP  -  193 words
  • Page 8 Advertisements
    • 449 8 BUSINESS Notices "> NOTICE IS HEREBY GIVEN that, I Lim Ah Tee of 2J Jasmine Road Singapore *****3, have applied for a First Class Beer House in respect of M/s Springleaf Taiwan Porridge Restaurant Pte Ltd located at 273 Thomson Road #01-01 Novena Gardens Singapore *****4, and that this application
      449 words
    • 431 8 NOTICE IS HEREBY GIVEN that, I Neo Aik Gek of Blk27l,BishanSt.24, #14-220 Singapore 2057, have applied for a Public House (Extended) First Class in respect of M/s Lemoh Tree Pub located at 95, Beach Rd, Beach Hotel, #81-01 Singapore *****9, and that this application will be considered by the Liquors
      431 words
    • 97 8 NOTICE Of FMALMBTMG THI COMPANIES ACT, CAP. SO IMHBNGMIMKPIONCnmiID HiMwfcw'Uili li|L>iiiliii| Notice is hereby given pufsuont to Section 308 oJ The Componies Act, Cop 50 iha» the Fi»»o4 Meeftnq of Members oI the abovenomea company will be held at 24. Jalon Yasm, Singapore *****4 on Tuesday, 4 March 1997, ot
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    • 143 8 A/kiertfate't Uwp Sfwstol IST-14TH FEBRUARY 1997 True, Seeger is expensive. But on this special occasion, you can own a Seeger, or give one as a gift, for a mere $175. SEEGER CREDIT CARD HOLDER Superbly finished in French lambskin, compartments for cards, 2 secret pockets compartment iH|A Seeger stands for
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  • ASIA
    • 431 9  -  TOKYO Sale suggests that land prices have finally bottomed out By. Anthony Rowley THE winning bid for the auction of three tracts of prime land in central Tokyo yesterday exceeded most predictions, suggesting that land prices in Japan have finally
      431 words
    • Article, Illustration
      48 9 [OSAKA] Men dressed in matching ceremonial kimono throwing soya beans during a 'setsubun' ceremony at the Sensoji temple in Tokyo yesterday. During setsubun, Japanese households toss dried soya beans outside their home to drive away evil spirits and bring good luck to their families. AFP
      AFP  -  48 words
    • 331 9 Ex-PM Rao wins first legal battle court dismisses charges m NEW DELHI AFP FORMER Indian prime minister P V Narasimha Rao, who faces a string of corruption charges, won his first legal battle here yesterday when charges that he used official aircraft for personal use were dismissed. The New Delhi
      AFP  -  331 words
    • 388 9 SEOUL Investigation of politicians only if corruption is evident AFP SOUTH Korean prosecutors yesterday stepped up a probe into the alleged corrupt involvement of politicians and government officials in a stormy scandal over the debtstricken Hanbo Group. "Hanbo Group
      AFP  -  388 words
    • 177 9 TOKYO AFP OUTSTANDING debts held by Japan's national and local governments are forecast to rise to about 475 trillion yen (555.5 trillion) by March 1998, reports said yesterday. The forecast government debt figure would represent 92 per cent of gross domestic product
      AFP  -  177 words
    • 394 9 ISLAMABAD Poor voter turnout and three deaths mar elections which ended yesterday AFP FORMER Pakistan prime minister Nawaz Sharif claimed victory in yesterday's election which was tarnished by a poor voter turnout and three deaths in election clashes. Mr Sharif, whose party was expected
      AFP  -  394 words
  • Page 9 Advertisements
    • 92 9 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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    • 489 9 *BHP Expressions of Interest PURCHASE AND REMOVAL OF THE POWERHOUSE AT MOUNT WHALEBACK, NEWMAN, WA. BHP Iron Ore Pty Ltd has recently upgraded the power generation facility at its Mount Whaleback mining operation at Newman, Western Australia, (located approximately 1,200 kms North-East of Perth). Expressions of interest are sought from
      489 words

  • THE WORLD
    • 347 10 WASHINGTON Focus on providing low-income families access to education FT PRESIDENT Bill Clinton will call for tax cuts worth US$9B billion (Ssl37 billion) when he unveils his budget proposals for the coming fiscal year, administration officials said on Sunday. The proposed
      FT  -  347 words
    • 200 10 BRUSSELS Reuter THE European Commission, determined to remove remaining obstacles to a single market in financial services, decided yesterday to take legal action against Germany over investment trust restrictions. The European Union executive said it would take Germany to the Luxembourgbased European
      Reuter  -  200 words
    • 609 10  -  wounncoifOMic FOKUM Where, when and how does the 'network society' fit In? By Kenneth James in Davos Technology is changing society in ways even the experts are only beginning to grasp. But as a key to peace in the Middle East? Business chiefs attending the
      609 words
    • 309 10 WASHINGTON Bloomberg Business News AMERICANS' incomes increased during the last month of 1996 as workers put in more hours on the job and spent more freely on Christmas gifts and other holiday items. Personal income increased 0.8 per cent during December, the largest rise in
      Bloomberg Business News  -  309 words
    • 279 10 BRUSSELS Reuter THE European Commission was planning to press World Trade Organisation chief Renato Ruggiero yesterday to name a dispute panel to settle the simmering row between the European Union and US over Cuban trade links, officials said. "Today we
      Reuter  -  279 words
    • 157 10 WASHINGTON Bloomberg Business News A PROPOSED amendment to the Constitution barring the federal government from ever again spending more money than it takes in would expose the economy to unacceptable risks, said Treasury Secretary Robert Rubin in testimony to the House Judiciary Committee yesterday.
      Bloomberg Business News  -  157 words
    • 308 10 BRUSSELS Bloomberg Business News THE European Commission set out accounting guidelines to clarify what member states can do to reduce their budget deficits to the level required to qualify for the planned Euro-, pean single currency. It set a March 1 deadline
      Bloomberg Business News  -  308 words
    • 353 10 LONDON Their cnrrent account deficits seen to total USslsob FT THE world's emerging market economies are moving deeper into the red their current account deficits are likely to be almost half as big again this year as they were in 1996. This growing reliance
      FT  -  353 words
  • Page 10 Advertisements
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      428 words

  • ANALYSIS
    • 724 11  -  THBBOTTOM UMB OPINION By Anthony Lewis The writer is a regular columnist in The New York Times where this articlefirst appeared IN THE run-up to the British election, now likely to take place in May, it seems increasingly difficult to tell the two
      724 words
    • 155 11 I really think that for any woman the right to have a baby is intrinsic and to do it in the safest possible way is also something that should go unquestioned.' 23-year-dd Anstraluii lesbian who won a landmark case and A 57,500 (558.025) because a Brisbane fertility
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    • 645 11 EDITORIAL AT the meeting of finance ministers from the Group of Seven industrial countries (G-7) in Berlin starting Saturday, Japanese Finance Minister Hiroshi Mitsuzuka is reportedly expected to ask his peers to help curb the decline of the yen against the US dollar through coordinated intervention
      645 words
    • 1019 11  -  Aung San Sun Kyi and K/anmar have become a cause celebre in the US By'. Leon Hadar The writer is BT's Washington correspondent THE husband of Aung San Suu Kyi, Myanmar's opposition leader, was in Washington last week, meeting government officials and journalists and addressing an audience
      AFP PHOTO  -  1,019 words
    • 537 11  -  MAILBOX Yours faithfully Mok Chun Hoong Petaling Jaya, Malaysia I REFER to your Jan 23 Hock Lock Siew column "UOB 1997 warrants may pose huge problem". It did not address the issue which was raised viz: how UOB would determine the basis for selecting which foreigner would
      537 words
    • 411 11 Aid that pays dhrttsads THE Microcredit Summit which began in Washington yesterday draws attention to a 1990s rarity: a development programme which everyone likes. Even the harshest critics of aid find it difficult to object to making credit and saving facilities available to the world's poorest.
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  • Page 11 Miscellaneous
    • 29 11 DOONESBURY By Garry Trudeau imSR£C£NTiy Y.-ANPITOOCURRSP TVMZ YOut I YES,THIS YOUR. 50MBWHATUNFiMlERJHG MIGHT U/ANTW TAKE ANO7HBZ. I V^ Nl F J oiJ AoO^rr OX ML- I LOOK. UJe\SHAPSOmWEXOT-1 [(ffIAT?T
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  • EXECUTIVE LIFESTYLE
    • 768 12  -  Vienna's world-renowned Wiener Philharmoniker has given in to public pressure and is accepting women members, reports jobkporthr JOHN PORTER DPA THE Wiener Philharmoniker, probably the best known orchestra in the world, has agreed to break with a century-old tradition of not allowing women members. For
      DPA; FILE PHOTO  -  768 words
    • 233 12 MUSIC Reuter [LONDON] Sunset Boulevard, Andrew Lloyd Webber's musical version of the tale of an ageing Hollywood screen star, will close in April, producers said on Sunday. The curtain will fall on the £4.5 million (5510.2 million) blockbuster because producers cannot find a big
      Reuter  -  233 words
    • 793 14 FILM Star Wars reopened last weekend to an almost reverent reception, reaping in a staggering USs3&2m NYT [HOLLYWOOD] Several days ago George Lucas, the creator of Star Wars, joined an office pool betting on how much money the reissue of his film would earn last
      NYT  -  793 words
    • 515 14 MUSIC Reuter [LOS ANGELES] Madonna has topped the pop music charts for over a decade by carefully crafting her image, but a newly released recording called Pre-Madonna gives fans rare insight into the Material Girl's early days. The CD, which recently went
      Reuter; FILE PHOTO  -  515 words
  • Page 12 Advertisements
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    • 277 12 Where to wine, dine and entertain Moon Pavilion Room (level 2) nW Pool Dtatag Terrace (level 6) Unlimited Tea&ting, T(gunuui Steamboat, Let your renowned 'Buffi# A La Carte Buffet as you take off die New Year 6 lO February 1997 with specialties like Limpet Abatone with Oyster a steaming pot
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  • Page 13 Advertisements
    • 149 13 Where to wine, dine and entertain IKva I^H |wnmn» j, Fresh fish is flown all the way down from Norway three times a week...and after our :S Chef's performed tKe necessary magic, we <4 don't stop to ask people what they think of §i our Salmon, because that wou dhe
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    • 138 13 Luna Coffee House 6 FEBRUARY• 10 FEBRUARY 97 Buffet Lunch with Chinese New Year Delicacies 12 noon 2.30 pm Adult $24.80 Child $15.80 Buffet Dinner with *Chinese New Year Delicacies 6.30 pm 9.30 pm Adult $25.80 Child: $16.80 L FEBRUARY 10 FEBRUARY 91 High Tea with Chinese New Year Delicacies
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    • 105 13 A Ramadan Taste Of Malaysia Date 10 January to 5 February 1997 Price Adult: Ss2B.oo+++ Child: S$ 18.00+++ Nightly from 6.30pm to 9.30pm For reservations, please call 731-7990 jjgjwag ■OT A l CIWWNE PLAZA" SINGAPOttt 25 Scotts Road, Singapore *****0. Tel: (65) 737-7966 Fax: (65) 737-6646 HAVCA WU Of A
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    • 203 13 SINGAPORE BUSINESS Giving you the winning edge CUCD HighrTea^—^ 'Join us every Saturdays, Sundays and Public Holidays from 12 pm to 530pm! Highlights include: 40 varieties ofCocat, Western and Northern Vndian favourites. Vncludes Chicken <Okka, Kotl Prata, Monya Kueh and Penang Rofak. Waffles with 9c* Cream Counter. Choice of exotic
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    • 98 13 BIGGEST Dian Xin Restaurant 1 At The Neptune on Shenton Way Wan Xin/Lunch lf/g| yd j 11.30am-2.30pm I 7th floor. Overseas union house. COLITER QUAY. SINGAPORE *****1. TEL: 224 3022 I ls@H9!r buffet d* innar iraner Strengthen family bonds over an auspicious meal Complimentary Prosperity Yu Sheng starter Oriental buffet
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  • Page 13 Miscellaneous
    • 833 13 TV&RAPIO P rem J4KMI 10.30 News 5 Tonight. 830 HMI. 1 IAA dmtx/i u oc Tuesday After Dark 930 CPR Cakap Pasal Re oJJ PJ 1 TV Innovations. 976-Eyil (See Our Choice). maja fT" IBM 2.30 The Winners. 12.48 AM Earth 2. 10.00 Japan Hour. 3.00 Money. Money Money. L
      833 words
    • 149 13 cmmc crossword ACROSS (6) 27 It's not often the present combines with the past (3,3,4) 28 High light, low point (4) YESTERDAYS SOLUTION 29 An impressive thing to wear U^? tu^orv<^Punc (4.2,4) ■pTgTCToiNipismoTHTTjMj down 13 armonious music for the BERIB hairdresser's ball? (10) [eyFyHMßy^yGUullEl 2 They accept sound wheat pro-
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  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 389 15  -  Time Engineering unit seeks listing as Infrastructure Project Company FYom Eddie Toh in Kuala Lumpur THE competitive cellular phone market in Malaysia will soon witness a more intense bout of price war. Time Telecommunications Holdings Bhd (TTHB), which runs the Adam network, yesterday
      389 words
    • 338 15  -  By Jennifer Lien [SINGAPORE] IPC Corp's market capitalisation yesterday fell some $75 million to $485 million as the counter resumed trading after being suspended since Thursday. The selldown, which slashed 7.5 cents off the IPC «tock to 48.5 cents, was triggered by
      Source: Bloomberg  -  338 words
    • 453 15  -  OCBC (Foreign) falls 80C; Pacific Bank down M 51.46 By I Shiv Taneja [SINGAPORE! OCBC Bank's share price took a beating yesterday on news last week that the merger talks between its Malaysian unit and Pacific Bank was off. OCBC Bank's foreign
      Source: Bloomberg  -  453 words
    • 352 15  -  Unit to sign pacts with LP Hospitality and LP Hotels By, Abdul Hadhi [SINGAPORE] Mainboardlisted property developer Wing Tai Holdings' service apartments business is likely to go into full swing soon. Wing Tai said yesterday that its wholly-owned subsidiary Winshine intends to enter into
      352 words
    • 174 15 Bloomberg Business News [KUALA LUMPUR] Petroliam Nasional Bhd, the state-owned oil and gas company of Malaysia, said it bought Broken Hill Proprietary Co Ltd's 43.75 per cent stake in the Dai Hung oil field in Vietnam. "We have bought over," BHP's stake in
      Bloomberg Business News  -  174 words
    • 623 15  -  HOCK LOCK SIEW Russell Baker THE Government of Singapore Investment Corp (GIC) is moving deeper into Australian property with its purchase of a 9.4 per cent stake in Ipoh Ltd earlier last month. This is its third investment in an Australian-listed property
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    • REGIONAL COMPANIES
      • 389 16  -  But has no plans to raise motherboard portion of its business From, Kenneth James in Davos MULTIMEDIA companies like Creative Technology, Aztech Systems and California's Diamond Multimedia can breathe a conditional sigh of relief. Chip supremo Andy Grove doesn't think his company, Intel
        389 words
      • Article, Illustration
        41 16 [MANILA] Linemen hanging onto high tension wires as they check newly-installed cables of the state-controlled, energy company National Power Corporation (NPC) yesterday. The linemen are suspended on wires that will carry 230,000 volts per cable when operational. AFP
        AFP  -  41 words
      • 476 16 THE JUMABHOT CASE Iqbal never did anything to stake his claim to share option The Straits Times [SINGAPORE] The biggest shareholder of Scotts Holdings is Rafiq Jumabhoy because he owns the entire share option and he has never agreed to share it
        The Straits Times  -  476 words
      • 222 16  -  From Ruth Wong in Kuala Lumpur MALAYSIAN-LISTED Berjaya Group and Olympia Industries have struck new gaming ventures in the African continent. Berjaya Group said Ghana's Department of National Lotteries had appointed its subsidiary, Berjaya Lottery Management (HK) Ltd, as con-sultant-cum-project manager to help the department
        222 words
      • 262 16 [SINGAPORE] Listed City Developments Ltd (CDL) has obtained approval for its A$85 million (S$91 million) residential project at Birkenhead Point in Sydney after a sevenyear tussle with the area's city council. A CDL statement yesterday said the 331-unit waterfront development at
        262 words
      • COMPANYBriefs
        • 71 16 [SINGAPORE] Main board-listed OP Batteries International has been named the Manufacturer and Outstanding Quality Manufacturer of the Year 1966 by American consumer electronics retail chain Radio Shack. Ova: 900 Asian manufacturers were considered for the awards, which GP Batteries won for die second year
          71 words
        • 59 16 [SINGAPORE] Lion AsiaPac Ltd has received approval from the stock exchange for its l-into-2 stock split Each issued and paid-up share of $0.50 will be split into two shares of 60.25 each. On completion ofth? exercise, the company's paid-up capital will remain unchanged at
          59 words
        • 32 16 [SINGAPORE] Super Coflteemix Manufacturing has transferred its entire holding 0f460,000 shares of MH each in Super Coflteemix Marketing Sdn Bhd to Super Food Technology Sdn Bhd.
          32 words
        • 38 16 [SINGAPORE] Trading in the shares of Jade Technologies Singapore Ltd will cease on a "when issued" basis and will commence on a "ready" basis from tomorrow, the Stock Exchange of Singapore said yesterday.
          38 words
      • 526 17 Fllfflkip firm mimw yearly sales target for first time after crash in chip prices Bloomberg Business News [SEOUL] Samsung Electronics Co will invest more than US$3 billion (554.2 billion) this year to reduce its reliance on memory chips, after missing its
        Bloomberg Business News  -  526 words
      • 378 17 AFP [TOKYO] Japanese computer game maker Nintendo Co Ltd president Hiroshi Yamauchi said yesterday that his company was unfazed by the planned merger of rival Sega Co Ltd and top toy maker Bandai Co Ltd. Mr Yamauchi told the Foreign
        AFP  -  378 words
      • 241 17 Reuter [TOKYO] The listing in Tokyo this week of Hongkong property developer Henderson Land will boost the market's international profile and may lead more Asian firms to seek listing here, analysts say. But unless Japanese financial deregulation gets into full swing, stock authorities are
        Reuter  -  241 words
      • 297 17 AFX-Asia [TOKYOJ Yaohan Japan Ltd president Mitsumasa Wada said the restructuring plan outlined by the group reflects the failure of the company's recent active investment programme to expand operations. Earlier, Yaohan said it plans to cut parent assets to 120 billion yen (5)1.38 billion) by
        AFX-Asia; FILE PHOTO  -  297 words
      • 332 17 Outlook for HE banking sector in 1997 optimistic bank AFP [HONGKONG] The Bank of East Asia Ltd said yesterday that net profit rose 14.5 per cent from a year earlier to HKII.BB billion (*****.4 million) in 1996. "The profit
        AFP  -  332 words
    • FINANCE & COMMODITIES
      • 255 18  -  New measures are part of move towards disclosure-based regime: watchdog From Eddie Toh in Kuala Lumpur THE Securities Commission has issued guidelines to regulate Malaysia's unit trust industry which manages almost Ms6o billion (Ss34 billion) worth of flinds. The regulatory watchdog yesterday announced
        255 words
      • 309 18 AFP [BOMBAY] India's largest development bank, the stateowned Industrial Development Bank of India (IDBI), said yesterday it was planning a major restructuring, including offices overseas, to meet growing competition as the Indian economy opens up. Chairman Siraj-ul-Haque Khan told a news conference: "IDBI's strategic
        AFP  -  309 words
      • 364 18 S&kora Bank rejects rescue plan over 490b yen debt FT [TOKYO] Apollo Leasing, a Japanese non-bank lending institution with debts of 489.7 billion yen (555.6 billion), is struggling for survival after its main backer, Sakura Bank, turned down a rescue plan. If Apollo filed for
        FT  -  364 words
      • 65 18 [MANILA] Staff of Allied Banking Corp, majority owned by Filipino tycoon Lucio Tan, banging wooden clogs during a demonstration outside their offices in the Makati financial district yesterday to demand salary increases. The employees have been holding similar demonstrations daily during their lunch breaks, sometimes rapping
        REUTER  -  65 words
      • 260 18 FT [CHICAGO] The Chicago Board of Trade (CBOT), the world's busiest futures exchange, is reconsidering its partnership with the London International Financial Futures and Options Exchange (Liffe), due to start on May 9. "We are under a lot of pressure from electronic traders to revisit
        FT  -  260 words
      • 225 18 mwhi Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond futures traded listlessly yesterday as a lack of fresh factors and the impending Lunar New Year and Hari Raya holidays kept most players from taking new positions. "It was a typical Monday. Most dealers
        Reuter  -  225 words
      • 166 18 AFP New York THE US dollar traded higher against major currencies except the pound sterling early yesterday following the bond market's welcome of the lastest US economic statistics. Around 1545 GMT, the US dollar traded at 1.6445 marks from 1.6375 on Friday, 121.86 yen from 121.38, 1.6477 marks
        AFP  -  166 words
      • 278 18 ENERGY REPORT Reuter [NEW YORK] Nymex oil prices were called to open lower yesterday in a followthrough to Friday's sell-off, with traders seeing no news and gingerly bearish technicals fuelling yesterday's session. "It looks like it's followthrough to Friday's selloff," said Mary Forsyth, an energy
        Reuter  -  278 words
      • Article, Illustration
        1107 18 nrTHKBAMKCKOSSKATBg S—g nr tm m r« m mm* m» a ix »n omnm «s 1027 4.T7* 0447 4225 1251 548 iMHIM 0.927 64M 1*5 iKsJIb 20.094 l»4 3442 2230 ***** *M 4*4 0.7M 4 ST ts St ig'ESSSi ts £g-WHHSt ttifi «i£"iS"S S5S %3# g~ «S 'S3 SS IS 13
        1,107 words
    • 1508 19 siCOM rinru«B8 Feb 3 5**® SJOpa) RSS1 CONTRACTS c*«b*«> On* Mw Opm W» Ujr Soft (taws) Moftst Mr 97 IU.00 1950 <prW T7125 170.75 T70.50 150 1175 ft 172.25 ***** ***** 150 1325 **9J ***** 172.75 T72JO 150 1175 173.75 173.75 173.50 300 5235 Oct/Ooc W 175.00 2550
      1,508 words
    • 2115 19 IMNH N>3 No *h A8 Ports 303.400 2 Akhey National 780 -4.400 AMedDomocq 427.400 -2 Adloe 103 unch Aid* Group 121.400 unch BAT M 400.400 -7.600 mCC 280.400 -5.600 BOC Group 951.400 2.400 BR Petroleum 738 3 BTR 255.400 -3 Bank of Scotland 327 3400 Barclays 1168.400
      2,115 words
    • 1582 19 AFP □am as mam SHARE prices fell back yesterday, with the key market gauge closing 1.3 per cent lower on prof-it-taking following the previous week's gains, brokers said. "Investors continued to sell issues they bought last Friday," a broker at a mid-sized securities house said, pointing to selling among
      AFP  -  1,582 words
    • Article, Illustration
      1611 20 Bloomberg Business News AFP IJj Hang Seng +12^28 STOCKS rose as Sun Hung Kai Properties and other real estate companies staged their biggest rally in three weeks. Declining borrowing costs shored up confidence that property prices and corporate profits will keep rising. Sun Hung Kai, Great Eagle Holdings and
      Bloomberg; Business News; AFP  -  1,611 words
    • 352 20 AFP UJWP Index ♦3L4» SHARE prices rose 0.4 per cent to their highest close in seven years yesterday as investors hunted for bargains. "The modest rally was mainly driven by asset-backed paper and food issues while most investors declined to take initiatives ahead of a week-long holiday," said Lei
      AFP  -  352 words
    • Article, Illustration
      748 20 AFP n Composite Index -X 66 SHARE prices closed 0.5 per cent lower on the Jakarta Stock Exchange yesterday following profit-taking on selected blue chips. "There was some profittaking but I see the market basically recovering today, in key with Hongkong's performance yesterday," said Adnan Tan, sales director at
      AFP  -  748 words
    • Article, Illustration
      834 20 AFP □sgr Intel -2141 SHARE prices slumped 3.5 per cent yesterday to a 53-month low as market sentiment was undermined by worries about the baht, analysts said. James Capel Asia senior analyst Kasem Prunratanamala said the index was likely to fall further on concern over the currency and persistent
      AFP  -  834 words
    • 334 20 AFP Q Manila *2&M SHARE prices rose 0.8 per cent as foreign funds powered the market index to its third consecutive record high close yesterday. The Philippine Stock Exchange Index rose 25.69 points to close at 3,447.60 points. Turnover fell to 28.2 billion shares worth 4.517 billion pesos compared
      AFP  -  334 words
    • 414 20 AFP rl Composite Index +4J2 SHARE prices closed 0.6 per cent firmer on the Korea Stock Exchange yesterday, helped by a blue chip rally, dealers said. "Blue chips drove the market higher, but a wait-and-see attitude was also prevailing amid concerns over the Hanbo scandal," said a Daewoo Securities
      AFP  -  414 words
    • 605 20 AFP Hill Ordinaries *12 SHARE prices closed 0.1 per cent firmer yesterday as investors bought banking stocks amid expectations of a cut in interest rates, brokers said. The Australian Stock Exchange's key All Ordinaries Index rose 3.2 points to 2,426.9. The All Resources Index closed 6.0 points weaker at
      AFP  -  605 words
    • 267 20 AFP n Wellington -&80 SHARE prices eased 0.4 per cent yesterday amid weakness in blue-chip stocks, brokers said. The key NZSE-40 Capital Index fell 8.80 points to 2,377.94. Turnover totalled NZ$39.8 million.—AFP F(k! US root) AN2 Banking 8.95 -0.04 7634 AdvanUgot HMgs 1.39 0.02 ***** Air N»w Zt«l*n<J (A)
      AFP  -  267 words
    • KUALA LUMPUR STOCK MARKET
      • 260 21 AFP AFX-Asia rf Composite late +SJB MALAYSIA'S key stock index ended 0.4 per cent higher yesterday on buying of selected flnance stocks despite a broadly lower market ahead of the festive season, brokers said. "Investors were unwinding ahead of the Lunar New Year," said a
        AFP; AFX-Asia  -  260 words
      • Article, Illustration
        8249 21 «23o WTFrwrtl* tt*9J4 *****.94 *178.40 SI22* tiw J»fc4« MUt -6*1 KST MMnf 3*6j64 JltlM MM Tww—rronfti *1255 214.077 63,aw MMweVelCI#) 914,967 UI2.689 397,722 mR *JJSfif rrt f MM w"' -tSn mtrmtruttw MS 744 -tSl 2J5» WW 22.878 -1.677 !W**« S8.4M 90 599 3*145 2E**l8» 5,090 7,908 2^18 447 1.517 -1.070
        8,249 words
    • WARRANTS&OPTIONS
      • 188 22  -  WARRANT WATCH By Ven Sreenivasan ONE warrant that is rather interesting, but has been somewhat of a laggard of late, is Straits Steamship Land. The warrant expires in December 2000 and has a $3 strike price. The underlying share slipped
        188 words
      • 3553 22 Tfim 11MHTT i wnimflrm m Last V*4 Day Lm« Ouata A»g Mm* Ln Mm Clip my Sal* COOO) High Ln Buyaf X*K Prtca UJ 47 m 3000 m AMD8 C5.5H*****6 61.5 »2 5 34 62 60 58.5 62 -51.5 39 3160 "Acar ******1 U5$ 48 47.3 46.5 109 84.5 3164
        3,553 words
    • 2182 22 Cr Cr WW" tMt Vol Day Last Quota 01* Hv VH Mat M Cap MN» Law »<M CimpwV »ala COOP) Ht»h Law Buyar S—r Cw P/t tm» *25 360 mtSOOO AIS8S0C 408 unch 6 4X5 406 406 416 5.0 4.9 a4 64.6 4164 122 84 mJ 5001 AM06
      2,182 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1089 23 TUMOVCt (*000) VAIUC COOO) tw* cm rtm mm o* tgg MutMaf 4*478 15.118 64,79* 103.150 21.034 131.1*4 "noiea 4,357 4.477 18,334 74,014 10.031 84,046 HU*** 2J44 1JV4 3.713 4,777 2.7X4 4.505 Pre»4f«w 4.570 20.812 25.382 28.077 37.847 45,474 «4*MI4«> 1,553 1,553 3.910 3.9* MMm 492 452 IJW UW •LW 3,540
        1,089 words
      • 4955 23 Or Or M «t I9M/1W Last Vrt Day Last OMtl Dlv Mv YM Nat Cap Avg Hmi Lew StN« Company M« COOO) High Lew Buyer Seller C*r P/I SmMPrtca MBUtTRIMLS 5146 ASE NTSW 200 US- 1000 900 1275 ASF US$0.***** US900 885 90.0 214 165 1258 Acer 50c
        4,955 words
      • 963 23 I94*/1997 Last Va1 Oty Ltd OMte C#v Mv YM Nat Cap A«f HH> l— StMa C»W»1T W» COOP) U» »ryr Cw Pft $3 Prtca SKSBAQ 289 133 2000 A8« HMas S< 1*5 162 1*5 1.0 14.2 0.1 10X1 73.4 1*7 143 64 2049 AS Auto 10c 174 -3 1291
        963 words
      • Article, Illustration
        63 24  -  by! Shiv Taneja SHORT term investors might be tempted to buy Keppel Bank's shares on its recent weakness, but investors with a long term outlook ought to expect more downside in the weeks ahead. Yesterday the bank's shares closed down six cents to $4.10 on a volume of
        63 words
      • 227 24 Stocks VOtlMM IPC Corpn5c 19,299,000 Jade Tech 50c 12,288,000 *ftenong WtOO 8,924,000 •KL industries 6,752,000 ASJ Hldgs 20c 6,641,000 •KM Corp Wt 5,417,000 *AM08 50c 4,956,000 S Chance Kk 4,562,000 HK Land US$0.1 3.867,000 terjaya L Wt99 3.741,000 Stocks UOB Foreign 22,074.932 0C8C Foreign 20.191,597 •HI Industries 19,167,650 Jade Tech
        227 words
      • 612 24  -  STOCK MARKET COMMENTARY S'pore-listed secondliners, especially electronics counters, in limelight By Ven Sreenivasan [SINGAPORE] Stocks took a breather of sorts yesterday with volumes falling as the market headed into a short trading week. Dealers said trading on the broader market remained subdued
        612 words
      • ON THE GRAPEVINE
        • 122 24 THE hostile bid by Hilton for ITT is likely to cost Singapore entrepreneur Ong Beng Seng a lucrative line of business. According to reports in the United States, ITT was planning a Joint venture with Planet Hollywood International to set up a string of casinos. Planet
          122 words
        • 68 24 ACCORDING to Hongkong property consultants, Singapore developers put up some 2,000 condos for sale in Hongkong in 1996. Most of these seemed to have come in the second half of the year—or after the Singapore government's anti-speculation measures had dampened domestic demand. Considering that the Singapore market
          68 words
        • 157 24 SOME of the biggest names in the computer business may not believe in direct communication. So it was that one of our journalists found himself as a go-between In a war of words between Microsoft and Oracle, the world's two biggest software companies. The
          157 words
        • 74 24 THE motor industry here is probably the most competitive in the world, and is made complicated by the vehicle quota system. More than a handful of agencies have changed hands in the last few years, and a couple more seem to be on shaky grounds.
          74 words
        • 122 24 THE wafer fabrication industry has gone into the "warring kingdoms" stage, according to Taiwan newspapers. In an obvious reference to a period of intense warfare in China's history, reports there said Taiwan's wafer fab companies have gone into high alert ever since the South Koreans
          122 words
  • Page 15 Advertisements
    • 176 15 flB ttrJmm <+***— __JL.ii Mwfc BP IN Airport arrival and departure transfers Welcome drink Upgrade to a Deluxe Room Welcome fruit basket Complimentary daily international buffet breakfast 20% discount at all F&B outlets and laundry dry-cleaning services Souvenir gift '10% Government Tax and 5% Service Charge 10% Commission to bonafide
      176 words

  • Page 16 Advertisements
    • 840 16 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1996 Company Group Incr/ Inert 1996 1995 (Deer) 1996 1996 (Dacr) SS'OOO SS'OOO SS'OOO SS'OOO Operating Income
      840 words

  • Page 17 Advertisements
    • 307 17 /-CZti CTlnniuersary special! J I THE WINTER BREAKER AT *RMB 738 Upgraded accommodation in a Deluxe Room Complimentary pressing of 2 items Use of our health club facilities (except massage services) A daily newspaper of your choice Late check-out (subject to room availability) Free shuttle service: airport/hotel/airport Extra charge of
      307 words

  • Page 18 Advertisements
    • 162 18 I Have you ever wondered why there is such a high turnover in your Accounts Department? I Make a qualified person do drudgery. Make him do duplication all day long. Make him camp in at month ends. Nights out at year end. Also expect him to perform miracles. And what
      162 words


  • Page 20 Advertisements
    • 87 20 ♦The Shenzhen and Shanghai stock exchanges were closed yesterday for the Lunar New Year holiday. Trading will resume on Monday, Feb 17. You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, Lianhe Zaobao and other daily newspapers from your usual
      87 words

  • Page 21 Advertisements
    • 28 21 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

  • Page 22 Advertisements
    • 65 22 Time makes M* 'Kelly'watch I ff I iW* DICKSON WATCH JEWELLERY (S) PTE LTD i I II IA ovned subscWy ci DICKSON CONCEPTS (l s /THysiATX3NAL) LIMITED 1 ij i 3 ij| 391 A Orchard Road Nfee Ann City #17-06 Singapore *****3 Available at: DICKSON WATCH JEWELLERY: The Promenade. Centrepoint.
      65 words



  • SHIPPING TIMES
    • 314 25 Bridge News Reuter THERE is now some evidence that rates are firming for modern tonnage in the Atlantic area and the week ended with shipowners feeling more optimistic, brokers said. Biffex, not surprisingly, opened on a cautious note, Clarkson Wolff said in its daily Biffex market report. Sellers
      Bridge News; Reuter  -  314 words
    • 239 25 -m -m m» m CWT DMntuMan 123 *0.04 11 Chum Hum 0.94 undi 105 Cm I >11 !*■!■> _L52 *001 4 nu *30 -0.10 M frdf* LMu 0.72 -O03 313 UMfeU 0.905 -OMS 39 Md Sin Hup tQ2 unc* tM limim 040 undi 97 ooi 4 Jwrm«»w>r«n 6-90
      239 words
    • 386 25  -  More purchases than charters last year a sip of long-term commitment From. Alec Almazan in Manila PHILIPPINE shipowners bought a total of 101 vessels with a combined value of about U5588,942 million (*****.2 million) for domestic use last year. These vessels had a
      386 words
    • 313 25 Port authorities want to boost capacity, Irat anions are against move Reuter [COLOMBO] Colombo's shipping and port officials say they are running out of time in the race to retain its hub and regional port status. The port authority is caught between an urgent
      Reuter  -  313 words
    • 232 25 US carriers agree to provide tariff info to shipping wfhsny Journal of Commerce [WASHINGTON] Sea-Land Service Inc and APL Ltd, the largest US-flag shipping lines, have agreed to provide tariff information to Chinese authorities, barely averting a serious confrontation between the two sides.
      Journal of Commerce  -  232 words
    • 241 25 [FAIRFAX, Virginia] Mobil Corporation will purchase the first newbuild double-hull ship built in a US shipyard that meets the requirements of the US Oil Pollution Act of 1990 (OPA 90). OPA 90 requires that by 2015
      241 words
    • 239 25 Bernama [JOHOR BARU] Johor Port Berhad (JPB) registered a cargo throughput of 19,017,363 freight weight tonnes (fWt) in 1906, an improvement of 17 per cent compared to the previous year. Of the total cargo handled, 38 per cent were liquid bulk Qaflgo followed by containerM
      Bernama  -  239 words
    • PORTShots
      • 79 25 Reuter [BANGKOKJThoreeen Thai Agencies pk said yesterday it would buy four cargo v-sls worth a total ofUB|l7 miaion (5123.8 million). Thoresen TTiai said in a filing to the Btock Exchange of Thailand that s decision to buy the ixir *1 vessels was made during tl»shipptagcossg>any*S board meeting
        Reuter  -  79 words
      • 69 25 [SINGAPORE] Singnurine Dockyard and KngtoeeringPte Ltd, a subsidiary of Stngmarine Industrie# Limited, has clinched a newbuilding contract worth *12 million from PT Freeport The contract, whkh isfcra lWo6dwt copper concentrate self-unlosriij* km, 1s expected to be completed in the second quarter at 1966 and wis be classed
        69 words
      • 93 25 [TOKYO] Merchandise trade through the port ofKobe totalled billion biak*)tol966, equal to9g per cent of the 1964 level beAx-e the harbour was damaged by the earthquake of January 1966, according to a preliminary report released last week by the Kobe Customs House. Kxportsamouniad t04U7.6 bfittonyen, with
        93 words
    • 196 25 [LIANYUNGANG] The Chinese seaport of Lianyungang, at the eastern end of one of the world's longest land bridges, has reported a 47-fold increase in its container traffic. Located in east China's Jiangsu province, Lianyungang handled 12,118 containers through the Eurasia Continental Bridge
      196 words
    • 850 26  -  PACIFIC CONTRACTS: SMALL SHIPPERS ANGRY Smaller importers say they'll end up paying for deep discounts the lines give their larger brethren under the new process but the Asia North America Eastbound Rate Agreement group calls that an unrealistic assessment By} Peter Tirschwell Journal of Commerce
      Journal of Commerce; FILE PHOTO  -  850 words
    • 277 26 PACE ECl 6 ACl n EES 13 AMI 3 Ethiopian 6 Able 13 Eurohans 6 i Accord 12 E*enjreen 6 AJfMjud 4 Famous 7 Appenslwp 4 Fl-Bright II Astro 3 tonflSun 12 Austral fl 7 Avant G L 4 djjj j Gemartrans 13
      277 words
    • 16293 32 EXPORT CTA ETA Advartlsar Vassal Voyage Talaphona ETA ETA Advartlsar Vassal voyaga T»i»phona SIN Dasfn Mm Nama NuiiOat Numbar SIN Dostn Nam* Nm Numlwr Nufflttf »»OaNNOt&OBON*BOBOOONNOOMOBBOBBOBOBOONBOMnwBnWBOOnn#>*SS*BOB IHMWNMMMKaiaBHaaMHnaMaHHHMBBBM A To BOSTON (BOS) 2054 A Massachusetts, United States To ABIDJAN (ABJ) 2003 ot/u 04/03 Hantm h. Hamburg tnc *532*0224 Ivory
      16,293 words
    • SHIPS IN PORT
      • 634 39 Vtwrt Voy Wo ggjfc Arrhroi P—artf AM* ta»act I J04 rioaosrn 0102/1700 Mlm My* AK2 J02 Maori* 04.02/0500 A#o* 970U JN lU*|lMl 03.02/1400 M Afrual *****7 JOI Maori* 03.02/0*00 R Ha CM $7 *****7 JOI lIlljlMl 03.02/1900 R P Trior *****7 JOI rimilll 03.02/0*00 R M 2590 0397
        634 words
      • 1714 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO lntt0Hmi tstfc SMp i*f tl> EtWttr Nrt94 frm U fnm kilMtt MM OVOJM It OVBM 0VMM OVIMO ttta i» MM i mn um avrwb a ovim OVMM 0V0M0 J MM WW OVMM 4 OVBM WW OVTTOO MM* MOM 5 OVBM
        1,714 words
      • 215 39 M 4 Sri Lanka: National Day. Fab S Mexico: Constitution Day. F*fe« New Zealand: Waitangi Day. M 7 Brunei: Chinese Year Day. China: Chinese Year Day. Hong Kong Lunar Chinese Year Day. Malaysia: Chinese Year Day. Singapore: Chinese Year Day. Taiwan: Lunar Chinese Year Day. VMS Brunei Chinese
        215 words
      • 749 39 THIS report compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        749 words
      • 368 39 Cartoo 180 Mu 993.3 17 17.0 0.13 106 0.06 JmM 0—sitr WaUr IwMw Art MwMw Sitent Noa8oME25 1 2 4 3 1 0 «H/M 3«0 AM 984.4 0.4 12.6 0.06 33 0.02 (ma 300 Mai 9919 19 17.9 0.12 83 0.07 %mfl, WW a—M We a>OM
        368 words
    • AIR&LAND TRANSPORT NEWS
      • 399 40 Developing countries fast catching up with traditional leaders, says report Bridge News [NEW YORK] Newly industrialised and developing countries are catching up fast in the global car market, and the traditional market leaders, North America, Western Europe and Japan are falling
        Bridge News  -  399 words
      • 251 40 Bloomberg Business News [SEOUL] South Korea's car output in January fell to its lowest level in 44 months as labour strikes paralysed production. The country's six car makers Hyundai Motor Co, Kia Motors Corp, Daewoo Motors Co, Asia Motors Co, Ssangyong
        Bloomberg Business News  -  251 words
      • Article, Illustration
        60 40 [PERTH] The wreckage ofa Dromader water bomber plane lying in the remains of a Perth house after it crashed whilefighting a nearby bushfire yesterday. The pilot walked away with only minor injuries after he clipped one house and then smashed into the neighbouring house in the south-east suburb
        REUTER  -  60 words
      • 238 40 Reuter [PARIS] French state-owned aerospace firm Aerospatiale and car maker Renault have formed a venture to develop a new generation of engines for light aircraft. The 50-50 venture, Societe de Motorisations Aeronautiques, expects to apply for certification of the new
        Reuter  -  238 words
      • 242 40 Business Line [NEW DELHI] Boeing has offered to further drop the prices of 8777-200 and even arrange loans for Air India to buy the MCLR (medium-ca-pacity long-range) aircraft without the crucial sovereign guarantee required. The Boeing proposal offering more sops and highlighting
        Business Line  -  242 words
      • 169 40 Reuter [ST PETERSBURG] Russia plans to convert a military air base in Leningrad region into an international cargo airport by the year 2000. Sergei Skripnikov, a head of the international projects department in the Leningrad region administration, said the project would cost
        Reuter  -  169 words
      • 300 40 Indon govt hopes it will solve capital's transport woes AFP (JAKARTA] Indonesian authorities are to start building a US$2.4 billion (553.3 billion) triple-deck road and railway project in July to overcome Jakarta's transport problems, a report said yesterday. The project includes a
        AFP  -  300 words
      • 224 40 AFP [ANAHEIM, California] The Franco-German aerospace company Eurocopter on Sunday launched onto the market its new light helicopter, the EC-120, manufactured jointly with China and Singapore. The new model, called the Colibri after a bird that hovers, was unveiled at the opening of the annual US
        AFP  -  224 words
      • LOGBook
        • 65 40 Reuter (LONDON] Crucial talks between UK and US officials on negotiating a new open skies agreement due to start yesterday in Washington have been delayed for two weeks due to a senior negotiator falling ill. A UK government spokesman said: "Our lead official is in
          Reuter  -  65 words
        • 80 40 Reuter [TOKYO] Japan Air System Co Ltd plans to launch an airline company before the end of 1997 to operate commuter flights between regional airports, a Japanese business daily said. The Nihon Keizai Shimbun reported over the weekend that the new airline would be
          Reuter  -  80 words
        • 67 40 Reuter [STOCKHOLM] The bus division of Swedish vehicle maker' AB Volvo said yesterday it had signed a memorandum ef authority with the Karnataka State Road Transport Corporation on the production of buabodiet. The aim was J to develop passenger and environmentally friendly and cost-efficient
          Reuter  -  67 words
        • 39 40 Reuter [JAKARTA] Indonesia's largest tyre maker PT Gajah Tunggal said yesterday it expected to increase its tyre production capacity in 1997 because of predictions of strong domestic motorcycle and car sates. Reuter
          Reuter  -  39 words
      • 137 40 AFP [TOKYO] Japan's Toyota Motor Corp will suffer a sizeable output cut for at least a week after a fire at its Aisin Seiki Co affiliate plant, the Nihon Keizai Shimbun said yesterday. "It is unavoidable that output will be reduced
        AFP  -  137 words
      • 117 40 [TOKYO] Air cargo imports at Narita airport in 1996 dropped 3 per cent from the previous year, marking a year-on-year decline for the first time in five years. This was largely due to the yen's weakening against the dollar, airport authorities
        117 words
      • 1295 40 arc man to fusht etc vwro oio vw740 too AMiOMM JU470 M55 JIM71 2010 HatYai TG407 2120 TG408 0620 MUM S0230 1615 0f62 2050 IHS 2155 M096 MB om mo No CM MM VM741 1310 VW740 1410 kmstarim GA897 TV45 KL644 0125 6A839 »50 S0174 MIS
        1,295 words
  • Page 25 Advertisements
    • 17 25 New Altera contracts may boost rates But small shippers see red over new contracting procedures. Page 2
      17 words
    • 328 25 Japan and West lotting share of global car market Developing countries fast catching up, says report. t People Freight Links Express Singamas Container Holdings Ltd Holdings has appointed has named Teo Siong Seng, managNg Kiat Chong as an ing director of Pacific International executive director. Lines, its chief executive officer.
      328 words

  • Page 26 Advertisements
    • 669 26 [SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) |GULF KARACHI EXPRESS (GKX) VBSH VOY OAK VAN StA LA SM VfSSH VOY |JU MM MR KM [~MI [~~SM NOIIUOY SSWSO2 13/01 14/01 H/01 20/01 00/02 OAMMAMIAY Off 20/01 21/01 23/01 20/01 02/02 00/02 NOIZMCON 51W503 20/01 23/01 23/01 27/01 13/02 NOl KOI
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    • 666 26 Lines services represented (tK(sm\\ Mwnbw *<*•» <* Accredited Stopping Agents, S"pore National Shipping Assoc Members of fw Singapore Freight Forwarders' Association Sh^pingTmesOnune Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 EXPORT 3 Japan -2 x Hongkong -1 x Manila -1 x
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  • Page 27 Advertisements
    • 1099 27 c. PACIFK SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS voy na awra sneto iax dm mbw ch kk gi hou hqk stA tfISWGATOg out 27/01 29/01 30/01 14/02 18/02 19/02 19/02 20/02 20/02 26/02 26/02 21/02 0131 03/02 05/02 06/02 21/02 25/02 26/02 26/02 27/02 27/02 27/02 26/02 28/02 **»Q«A
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    • 1622 27 (g) HANJIN SHIPPING p-zwr 7|M. I l».|m.| ro S r m M w M BS TO < n. C^T > t*m Iml I iS -35-25- »k ■>£ *Z "Z \,Z /M U/M H/W 15/W 10/03 lf/03 li/STITTiT" KSTOT -%£"lrg- 13/03 13/03 K/M a/w /M jzgl 22/03 H« um a/M M/w
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    • 86 27 S>fPf ORIENT EXPRESS UNES (U.K.) LIMITED (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY SINGAPORE HHMAY VKSE VOY BOMBAY SINGAPORE NQRDKAP 406 04/02 11/02 NORDKAP 4Q5~ 27/01 04/C2 LEERQRT 913 11/02 19/02 LEERORT 912 04/02 Ti/02 SINARTOBA 207 19/02 26/02 SJNAR TQ6A 206 U/02 19/02 NORDKAP 407 26/02
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  • Page 28 Advertisements
    • 1238 28 <C DSR-SENATOR im Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT ttssa MOT SM RTM WV HAM RX ANT UU VESSEL VOY IMA HTM WW FUI ANT SW CALfORMA senator Win iTe "bIT~»Tn"~mkTHITITST"Imb choyang success EE7M mi mm mm mr mot nji mm CHOYAN6 VOLGA WY7M MB *7 It
      1,238 words
    • 1170 28 NORASIA VESSEL VOY SIN STI OOA LAS BCL VAL ALQ ROT ANT FEL LHA MSC RAFAELA 9704-3 06.82 21 «2 2MB 22*2 02*3 03*3 27*2 2MB 2102 01/03 NOfl SINGA 9705-3 12*2 IMB 20*2 OMH 01 «3 09*3 IMS OMJ3 07H3 0743 15*3 MSC JASMINE 9706-3 IMB 20/12 07 03
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    • 295 28 Direct Container Service to Fangcheng Zhanjiang Vessel S'pore Fangcheng Zhanjiang UANBAO 22/02 27/02 01/03 Tr A/OBTRANS CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA BREAKBULK, RO/RO AND HEAVYUFT ANY WEIGHT THAJ FLAG STATUS PRIORITY BERTHS /k*Ly«V.4U 03-05/02 10-11/02 *41/91 Uk Lym V.42A 14-14/02 23-26/02 19-20/02 20-22/02 Aril fafrws V.43A 27-01/03 04-05/03 OS-OS/OS
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  • Page 29 Advertisements
    • 1479 29 B STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore *****5 Tel; *****88 Fax; *****17 SARAH I IRUNEI CONVENTIONAL SERVICE I HO CHI MINH FULL CONTAINER SERVICE VOY I Wit I tt IvtSSCI VQT ETA SIN (SAT) ETA HCM (TUES) W7031 0«/02 11/02 12/01 OWItHT MAKAROV V9706N
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    • 1237 29 TO HOJI, NACOTA, TMOWUM, OSAKA. AND KOBI VU HOMO ROM. DIRICT CALL TO RAONSNUM, TAIWAN WITI SNOtT l TRANSIT Of 5 NATS I rOCW 6SHEMTOHWAY TIL 226 I*oo FAX: *****08 OUTWARD (B/l) *****02 JOHORE OfFICE-«-n. imiE 11 ITD #17-08 DB5 81DG SAIES/BKGS *****41/43 INWARD DtPT (0/0) *****85 COSTAR i6ENCIK (Ml
      1,237 words
    • 481 29 /-JLIPERKAPALAN DAI ZHUN Hjy TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KUCMIHt-fASTfST TRANSIT/ MUARAPRIOBITY BIRTH HO CHI MIHM-PiBICATID ~7 APfli ***** 12/02 GUOO 9742 09/02 GIHUAT A 5067 09/02 GISWH 97*0 13/02 GIWIH 9757 13/02 GIWI ***** 11/02
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  • Page 30 Advertisements
    • 1102 30 ran RDM ANW HB6 TUP ZEE LMV LHV TOP ROM AWW HOG PKL SGP •mz 20*2 mm 9i*s nn h« 06*3 e guest bc-w 14*1 19*1 «*i iw imi 19*2 11*2 19m 97*3 12*3 nm 19*3 11*3 12*3 e gieefui RE*47 29*1 23*1 22*1 I*£ tz aw 14*3 11*3 15*3
      1,102 words
    • 985 30 VOT M MMH»DM Ml IWT Ul VKSE VOYAW DW JM AM MM MN SCP ■xami 044i-mw oa/o? 14/07 ivw 17/07 11/01 11/07 nm rw unconcooo mjiow 74/01 24/01 77/01 70/01 n/01 10/0? ■uMOMMO 0447D74W 11/07 74/07 7V07 72/07 UNCOOONA *****3» 01/07 07/07 03/07 04/07 05M 17/07 M ANo accepong FCL
      985 words
    • 95 30 SENLIM SHIPPING PTE. LTD. 133, Nm» Bndge Road, #06-09 Chinatown Pom S-POJJOBB4II Tat *****00 Fax: *****04 Tatax: RS ***** SENUM WBKIY KGUUI salvia 10 EAST/XWEST M lAat»Ha| Cianairc mi (aawafcad rasa vot rosM sw kucmmg pbmik pjbmc MM I A/17 IV? IV? SHMBU 3/97 IV? I//? IV? smm iv»7 17/?
      95 words
    • 410 30 NANTAI LINE FUUY CONTAINERISED SERVICER) MAURITIUS SOUTH AFRICA rasa vot m I pui I \ai mmurnwcEss ros 04/02 11/02 22/02 ■jgMjgjl BUS 10/02 If/W 23/02 71 m mtinm oias 20/02 w/n ii/m tmmt oils 05/03 tym m ?i/p MOW 013S IS/03 25/03 21/03 02/04 mmfBIKBS OI3S 24/03 00/04 12/04 MAJfTAJ
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  • Page 31 Advertisements
    • 736 31 ißS^i UMft MYANMA iHBk FIVE STAR UNE (Myaiaor Natioaol Lint) loading for Yugoii (Rangoon) vtssa vot sm kg rw pgu mawumymi 75 so HMrAN 731W SU> MAUYSIA AGiNTS: OOUSTUD SMfftNG AGiNCKS *UL IB 02-03-*****00 MO: Til 02-03-*****01 K* m 02-04-*****02 PGO: IE 02-07-*****21/4 M BANK LINE (A swvka of Andrew
      736 words
    • 1123 31 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ; *****32 I PNA I PII I PCO I VBSII VOT TSM I 181 CTM AW ma Ml W 00/02 00/02 10/02 MY COMMOOOti JO4W 11/02 27/02 20/02 01/03 *1/03 01/03 04/03 13/02 13/02 15/02 NT.KMIAI MIW 14/02 *5/*3 04/43 *0/03
      1,123 words
    • 465 31 rig FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) Weekly Sailing To a I I AUSTRALIAN PORTS FOR MORE DETAILS CALL KEN SIM IVERON ONG *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT QLOBEUNK PTE
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  • Page 33 Advertisements
    • 9 33 Shipping your cargo to Mumbai? Please refer to Bombay.
      9 words
    • 46 33 To retrieve more schedules, just follow these simple steps... document Jb ial 740-6000 tep be faxed M the port Step key in the four number yiw #JP digit code Key in your Example: fax number To NEW YORK (NYC) 2275 for calls within Singapore United States
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  • Page 35 Advertisements
    • 450 35 Weekly LCI A FCI M rODICaI Services to Caribbean t hipping Central America MCKINC MAB9CNBMNK 9702 9704 Port Country 09/02 16/02 City Belize J 5/02 22/03 Bridgetown Barbodos 18/03 25/03 Cortogena Colombia 17/03 24/03 Castries St Lucia 17/03 24/03 Fort de France Martinique 18/03 25/03 Freeport Bahamas 13/03 20/03 Kingston
      450 words
    • 1179 35 ADVANCE CONTAINER LINES (PTE) LTD 1 A P I 140 Cecil Street #12-00, PtL Building. Singapore *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (S S*ilings/WtM to PAT, 3 Sailings toBMT, 2 Sailings to LCH) (4 Sallli»n/*., kl w —i iw ij* i
      1,179 words
    • 1019 35 '0? I^fiOOOOZ [~VESSELS VOY SIN JED PSD LEH HAM RTM THP ANR V-LED'OWON YIBW I*o2 22/02 21/02 (WOO 06/03 —OMB O&TO o*o3 VILLE DE VELA VIBW 17AJ2 26/02 28/02 09/03 I*o3 12/03 I*o3 I*o3 V*-LE 06 CAPELLA TI9W 24/02 o*o3 07/03 I*o3 17/03 iftTO 20/03 21/03 VILLE D'AQUARIUS UI9W (KVO3
      1,019 words
    • 29 35 /^fNORBUU^ I NORBULK CARGO SERVICES LTD I I REGULAR CONVENTIONAL I [wOMUUNKOO 02/03 Ml/MK/<WT/W I ■NOOMKIW 25/07 IttlT/WSAPOtT I BAISO LOADS SABAtVSARAWAK/MOQ PORTS I Ifl WXKMOM 14/01 KT/MNGMX/MMA/MOM9IM6 I
      29 words

  • Page 36 Advertisements
    • 1667 36 ■AMQKOK pj KILANO VESSB bkk vessel vqy sin pkl NANTA BHUM 332N Tue In Pt St Mg B.MAS EMPAT 7515 ~F3e In Pt Thu 06/02 MATHU BHUM** 316N Wed 05/02 Set 06/02 BUNOA SEROJA 7025 Wed 06/02 Thu 08/02 XETHA BHUM 187N Thu 08/02 Sun 00/02 KITI BHUM 7327 ThU
      1,667 words
    • 682 36 liittfOM CHIIUtONt wwa lINOAFOM/ CALCim* WKVKI WW VOT HW CT» |VMW VOY WW CCU PADMA 534 HI 107/03 TUE 11/02 TIOH SWUNG 273CW 1 THU 106/03 MOW 110/02 PAfU 009 MOW 10/02 FBI 14/03 XOU» SIWOAPOM 234 SUW 09/02 TUt 14/03 VAWISSA I 113 SAT 15/03 |WID 19/02 TIOtK MVK
      682 words
    • 165 36 BIOTANG MAS SHIPPING PTE. LTD. 30 NBL ROAD, SINGAPORE 0208 TEL: *****88 HOC *****84 TLX: RS*****SMMER CR No: **********0W FtecaMng Cargo at PTI 1 Bfartuhi 1 I Mmm I rnsa vor sm vk» yor sm tnln|Mi V9703E 07-01 Fab Marcury ieda V9703C 07-01 Fab KntongSaria W7OIE 13-14 Fab Marcury Paori
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  • Page 37 Advertisements
    • 356 37 OSINO EXPRESS SHIPPING 11 COLLYER QUAY «06-01 THE ARCADE iSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG ETA SHA 0. GLORY 9704 07/02 12/02 16/02 6. WELL 9704 14/02 19/02 23/02 6. LUCK 9704 21/02 26/02 02/03 0 GLORY
      356 words
    • 755 37 ■cENTAURUS 31/01 RdrrVAtwAJK/Nan I ■SEA GRACE 12A)2 15/02 RdrrVAtwAJK/Nan I J-Loads EVW. Malays*, mdonesw J Loading for ■SAMMI FRONTIER Oubai/A.OhabvT>arrim»VKuwai(/Jodd#i I ■HERAKLES Hodeidah/Jeddah/Aqaba I ■LEOPARD Hodeidah/Jeddah/Aqaba/ Egypt I He GLORY Dubai/Damman/Kuwart I I toads Singapore E7W. Malaysia. Indonesia I ILoadng for 1 PAN EXPRESS Los Angolas/New OrteOT/Chvtoskrt I Norfolk/Camden I
      755 words

  • Page 38 Advertisements
    • 455 38 ShippingTimes -BusinessCentre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press T&key in Document Code Key in your fax n umber
      455 words
    • 357 38 8016 f|| Products^Services Turnkey Foctory Automation System Automated Storage and Retrieval System Automated Guided Vehicle System (AGV) I 5 Sgi 3^ fj Engineering Services fll 4 jB g ImM p,O r 1 IE f® j||h 1 (Bit. Hg 3 BbJ ■^■•■■■■••■^■■EiMHartßßßfeUßßfas^flMHHil^^SEHiiHi^Hl^H HI Multi-slorey warehouse: wv r3 Tuo»Av«nu«i3 .J? Ss|" 10,000
      357 words

  • Page 39 Miscellaneous
    • 122 39 LEGEND: R Thunderstorm Temperate c X\ X sj >ow#r Weother Wind ckrection with speed in knots Wovehe*ht Serfoce winds or* mdtcoted by arrows wMdi My wttk tfce wind Or* fu> circle represents cotm or light ond voriabie winds 1 One half Heche represents 5 knots I L—». One (u> fteche
      122 words

  • Page 40 Advertisements
    • 68 40 M.V. "GREEN ERA" VOY. 3 ARRD 31ST JAN 1997 M.V. "UNISON EVER" VOY. 1 ARRD 31ST JAN IW7 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the sth February 1997 *****200 hours at PT9 (NTY'S office). No further
      68 words