The Business Times, 19 June 1997

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet http://www.asial.com.sg/biztimes THURSDAY, JUNE 19,1997
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  • 44 1 DQBUKB BilBS mm* m ITT. tgZZlg mfy rSziS lis*--*— —tin AIM iwff;, u« tin WPMBIH tJHi MM JAKARTA lflj» WmOL OA ■AMU. ilM WMKOM. 8.71 TAB'S M» SYDNEY. Ut in MOT 113 amor un p*A«rarr"_. LONDON US NWTYOtK ~_8i« «3S£& (Source: NatWest Bank)
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  • 602 1  -  Hiey allegedly offered HL Bank 6M $lm to get better refinancing deal for hotels By, Jenny Lam [SINGAPORE] The Kumar brothers Raj and Asok, better known as the Royal brothers, were charged yesterday in a subordinate court with attempting to bribe HL Bank
    ALPHONSO CHAN/ST  -  602 words
  • 348 1  -  They will explore how to add value, enhance competitiveness From Conrad Raj in Bangkok SINGAPORE and Thailand have agreed that their economies should complement rather than compete with each other. "We have agreed to explore details on how we can enhance each
    348 words
  • 118 1 Reuter [BANGKOK] Embattled Thai finance minister Amnuay Viravan wUI submit his resignation to Prime Minister Chavalit Yongchaiyudh today, his adviser said. "We confirm that he (Amnuay) will resign and submit his resignation letter tomorrow," Pongsathorn Siriyothin told reporters late yesterday. The statement ended
    Reuter  -  118 words
  • 838 1  -  By' Ven Sreenivasan [SINGAPORE] In a surprise decision, the High Court has dismissed as unenforceable the option granted to Rafiq Jumabhoy to buy his family's entire 42 per cent stake in listed Scotts Holdings Ltd. In a 66-page written judgment, Justice Judith
    838 words
  • Page 1 Advertisements
    • 95 1 UHUIMB akUte wormian •W Pot surrendered on June 18,1997," Khmer Rouge radio announced yesterday in a soecial broadcast in Pbnom Penh, Japan's trade surplus wared by more than 300 per cent to 738 billion yen to May, sparking Jitters in the markets, Ifc 10 Ekranßhd boas Ting Pek {Khiing has
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    • 16 1 Ctoh calls/or more financial ties, Pg 3 Baht weaken* on rumours of Amnuay's exit, Pg 6
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    • 67 1 TAGHeuer I J. > J -J -1 \V'"" s- 'W. I' 5- v I* > a /C N A **+> A "V J> i f| ft |:w -*t i t ft; v. r* 1 1 A- c I*.\N T jr *7' >• t>« r i fw ,W' 1 SUCCESS. MIND
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  • SINGAPORE AT HOME & ABROAD
    • 667 2  -  The sips growing stocks, sliding prices and Seagate's second profit warning By. Jennifer Lien DISK drive giant Seagate Technology has for the second time in two weeks warned that it is unlikely to meet profit forecasts for this quarter. That, coupled with
      FILE PHOTO  -  667 words
    • 225 2  -  By> Tan Su Ten A FORMER director in Alteco Chemical Pte Ltd, an associate company of listed Hitachi Zosen Singapore Ltd, was yesterday charged with contravening the Companies Act. Tetsuo Sato was charged with authorising a loan of $17,335 from the company to himself on
      225 words
    • 329 2  -  EYE ON THE ECONOMY Finance By Clarissa Tan DESPITE a marked fall in Ml growth in April, growth in M 2 the chief measure of money supply remained almost unchanged from March at 11.7 per cent. Ml which comprises currency in circulation and demand deposits, or
      Source:  -  329 words
    • 199 2  -  By\ Soh Tiang Keng BRITAIN'S Eagle Star Reinsurance has received in-prin-ciple approval to establish an Asian regional office in Singapore. The office is expected to open in the third quarter of this year, according to Asia Insurance
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    • 152 3 BTs Bangkok correspondent, Harish Mehta, has won the inaugural "Print Media Write Award", organised by the Asian Media Information and Communication Centre (Amic) and sponsored by Singapore Press Holdings. The award aims to recognise excellence in writing about the print media in Asia. Mr
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    • 554 3  -  PM (MOTS TOOT TO THAILAND PM urges peater S'pore presence In llai banking and telecom* sectors From Conrad Raj in Bangkok PRIME Minister Goh Chok Tong called on the financial sectors of Singapore and Thailand to have greater stakes in each other's economy, to
      REUTER  -  554 words
    • 223 3  -  Each has acquired a data warehouse for strategic edge ey Toh Han Shih SINGAPORE Telecom (SingTel) and Mobile One (Ml), rivals in Singapore's handphone market, have each deployed a strategic tool to get ahead of the competition a data warehouse. Essentially a computer with a
      223 words
  • Page 2 Advertisements
    • 212 2 Twii>ii toaf Hustlmg back and forth for meetings no better car for you to drive around suspension system has earned it a of a supremely comfortable nde. Your seat, steenng, rear view mirrors how long your drive is. So why not call as well as driving your family around in
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  • Page 3 Advertisements
    • 409 3 n. MMyKuUjl Singng.BivdXhck HMihHB C<(gKl«nintricate gnldfiSftm, CHmonlortoamhtlitumd KUV DBWUI f/»sdtxifpi is a mmterpiffi' torn#thmdock,fimdwkh M "fating **exq>Mte requirement* oftl* wC andatbyungi^btnKßTwW^^B^ Timepiecesfitjor Royalty Jaquet-Droz timepieces are embodiments of a deep respect for tradition and quality, plus a firm belief in innovation It all started in the Swiss town of £q.
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  • FOCUS: PROPERTY
    • 469 4 HK residential transactions plunge amid rumours that Tung's taskforce will take tough action against speculation SCMP [HONGKONG] Residential property transactions have plunged after a top aide to Chief Ex-ecutive-designate Tung Chee-hwa pledged to recommend tough action to stamp out property speculation. Estate agents said
      SCMP; FILE PICTURE  -  469 words
    • 223 4 Reuter [HONGKONG] The booming Hongkong residential property market would cool by the year-end if the government enacts anti-speculation measures, Peter Churchouse, managing director at Morgan Stanley Asia, said yesterday. "I don't think there is going to be a big adjustment, but I think it
      Reuter  -  223 words
    • 1053 4 Properly transactions for districts 15 and 16 (setters 42 to 45 and 46 to 48) lodged between May 12 "97 and 14 *97. PROJECT NAME/ M* CONTRACT TENURE MftJHM/ PRICE PSF STREETNAME TYPE DATE LANQMEA* (SOFT) 55*000) (SS) District 15 Non-Landed Arthur Mans Apt 0905/97 FH 1636 1425
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    • 1593 5  -  With its potential for capital and rental gains, houses may be a better investment than apartments which S'poreans tend to favour By. Lu Chisen [SINGAPORE] THERE has been a surge of interest in London properties lately. Every week lavish newspaper advertisements offer
      FILE PICTURE  -  1,593 words
  • Page 4 Advertisements
    • 174 4 Coins, Medals and Banknotes Auction BBBBBBBBfIM Preview 19 th and 20 th June 1997 10.00 am to 5.00 pm Auction 21 st June 1997 10.30 am and 1.30 pm precisely Postage Stamps and 'S Auction Malaya, George VI Specimen $10,000, circa 1942, excessively rare f 7 /}'rf Estimate SS3O 000
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    • 114 4 1 PRIME INDUSTRIAL UNITS B CENTURY INDUSTRIAL BUILDING I ROAD •Attractive rental package B Lettable area: approx. 2,200 57,780 sq.ft. H Easy access to CTE and PIE PI Near public transportation Sole Marketing Agent: ■tan kok enc property consultants FJSfI SUNTEC TOWER ONE I \£Bk THE penthouse FOR COMPANIES WHO
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  • Page 5 Advertisements
    • 338 5 I You can say NO to duplication I in your accounts department You must be fed up of the number of times the same voucher or invoice is made, posted, updated and written over and over aQain by the different departments in your company. This naturally leads to delays, errors
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  • SOUTH-EAST ASIA
    • 330 6  -  SINGAPORE Unit doses at 23J>5 against US$ in offshore markets, from 22.75 previously By] Larry Wee THE Thai baht yesterday weakened slightly in offshore markets to close Asian trading at 23.55 against the greenback, compared with 22.75 the day before, on rumours of
      Source: Bloomberg  -  330 words
    • 60 6 [HO CHI MINH] A "cyclo" driver relaxing as he waits for customers at a slum area in Ho Chi Minh City in southern Vietnam on Tuesday. Vietnam's reform policies have improved incomes since their launch in 1986. However, a side-effect has been the emergence of a growing
      REUTER  -  60 words
    • 206 6 BEIRUT Tourist project with Lebanese firm to be ready by year 2000 AFP A MALAYSIAN consortium plans to build a US$75 million (SIIO7 million) tourist complex on the Beirut seafront which will be completed by the end of the century, officials said
      AFP  -  206 words
    • 381 6 PHNOM PENH Broadcast does not say who he turned himself in to AFP NOTORIOUS Khmer Rouge guerilla leader Pol Pot surrendered yesterday, Khmer Rouge radio announced in a special broadcast monitored here. "Pol Pot surrendered on June 18, 1997," the radio said, without saying
      AFP  -  381 words
    • 627 6  -  WORLD BAKE REPORT Social equity, trade deficit, deregulation are preblem area* Reports from S N Vasuki in Jakarta THE Indonesian economy has done "very well" recently, the World Bank says, but significant risks remained in such areas as social equity, a worsening current
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    • 348 6 THE World Bank yesterday said Indonesia should adopt a more transparent, market-ori-ented strategy in solving the banking sector's problems. It also warned that commercial banks' exposure to the property sector was on the rise at a time when the increase in property prices had raised concerns
      348 words
    • 191 6 JAKARTA AFP INDONESIA'S new Information Minister, former army chief General Hartono, said yesterday that a much-criti-cised law that allows the government to ban the media will remain. "That (legal) chapter must stay, in case there are actions that could no longer
      AFP  -  191 words
  • Page 6 Advertisements
    • 77 6 HOLD YOUR NEXT PRIVATE FUNCTION ATOP THE WORLD'S TALLEST HOTEL. Ummm vP. f J BP IT'S SURE TO IMPROVE YOUR BUSINESS OUTLOOK. m H 3 fif SMS *15 PI 5® IS Two private function rooms Bfepr with the emphasis on privacy. One of the finest restaurants and kitchens in Ik.
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    • 91 6 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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  • CHINA-HONGKONG-TAIWAN
    • 349 7 BEIJING Jan-lUy exports surged 29% while imports slipped 1%, says stats bureau AFP, Bloomberg CHINA'S foreign trade surplus in the first five months of this year has already surpassed the figure for the whole, of 1996, the State Statistics Bureau (SSB) said yesterday.
      AFP,; Bloomberg  -  349 words
    • 369 7 BEIJING People's Daily report ignores Britain's contributions totally Reuter CHINA claimed credit yesterday for Hongkong's prosperity and stability, saying a decision not to invade the British colony when the communists swept to power in 1949 was a crucial factor. In a front-page
      Reuter  -  369 words
    • 425 7 HONGKONG AFP MONEY talks quietly in Hongkong, which is why the territory's obsessively discreet Chinese tycoons have been the silent force behind Beijing's drive to ensure a trouble-free handover. Hongkong has the world's highest concentration of US dollar billionaires at least
      AFP  -  425 words
    • 379 7 BEIJING China also refaratos commitment to a prosperous HE CHINESE President Jiang Zemin said yesterday the momentum for improved ties with the United States was being maintained and repeated Beijing's commitment to a prosperous Hongkong under Chinese rule. "Important mutual benefits exist in Sino-US ties,"
      Reuter  -  379 words
    • 239 9 »LONDON IBGA assumes China keeps Its premises so short term changes *ffl be limited Reuter JgONGKONG will keep its A+ Wig-term foreign currency rating after the British colony is handed back to China on July. 1, IBCA, the European ratBig agency said yesterday. 4, "The
      Reuter  -  239 words
    • 278 9 ft TAIPEI Pftjects threatening security or economy wOl be barred Reuter TAIPEI pledged yesterday to bar any Taiwan investment in Hongkong after its July 1 return to China if the project threatens the island's security or economy. The Mainland Affairs Council
      Reuter  -  278 words
    • 587 9  -  GHXXA WATCH Export flgnrea for first five month* Ajpfttr high By Lu Ning CHINA'S exports in the first five months of this year surged a surprisingly strong 26.5 per cent year-on-year to reach U5565.5 billion (5193.5 billion), official statistics show. Imports, on the
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    • 275 9  -  SINGAPORE By] Lu Ning A SUBSIDIARY of the United Kingdom's largest power generator, National Power, yesterday signed a letter of intent to take a majority stake in an existing power plant in Yichang city, in China's Hubei province, and to invest in
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  • Page 7 Advertisements
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  • Page 9 Advertisements
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      187 words

  • ASIA
    • 504 10  -  TOKYO Fears of fresh trade frictions pile pressure on US dollar, Tokyo share prices By Anthony Rowley MARKETS became jittery yesterday after figures showed Japan 's customs-cleared trade surplus soared by more than ,9DO per cent to 738 billion yen (519.28 biUion) in May compared
      Source: Bloomberg  -  504 words
    • 344 10 TOKYO Bloomberg THE growth of Japan's mostwatched measure of money supply slowed for the sixth time in the last nine months in May as April's tax increases slowed the economy, the Bank of Japan said. M 2 plus certificates of deposit grew
      Bloomberg  -  344 words
    • 258 10 TOKYO Bait# stay till final punishment for illidt loading i« Bloomberg THE Japanese government said it will bar Dai-Ichi Kangyo Bank Ltd from underwriting and bidding to buy government bonds at auction, the latest blow to the bank caught in a scandal
      Bloomberg  -  258 words
    • 293 10 NEW DELHI M |j i 1. 1 MIuHAJOTM (MOCnS, giant subsidy bills seed t» be tackled first Reuter INDIA needs to cut through a macroeconomic knot comprising multi-layered deficits and giant subsidy bills to achieve fiscal targets mapped out on the rupee's road to capital
      Reuter  -  293 words
    • 192 10 NEW DELHI Reuter AN INDIAN state governor on Tuesday authorised federal police to prosecute the leader of Prime Minister Inder Kumar Gujral's party in a US$2BO million (*****.7 million) corruption scandal, the Press Trust of India (PTI) said. The governor of the
      Reuter  -  192 words
  • Page 10 Advertisements
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  • FOCUS
    • 1728 11  -  The US, despite encouraging economic figures, is not returning to the pre-1973 boom years By. Louis Uchitelle NYT [NEW YORK] WITH the war barely over, Life magazine laid out, in a 1946 photo essay, a "roseate and wondrous" American dream. A singlestorey stone-and-clapboard
      NYT; FILE PHOTO  -  1,728 words
  • Page 11 Advertisements
    • 33 11 jjjMra m «M|t T, |A| tap Met from Leonor Greyl, one of the leading hair loss specialists from France... [Come for a no obligation FREE hair analysis at Guardian Centrepoint and Robinsons today!
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    • 76 11 good connections can make aworld of difference f Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet WITH SINGAPORE CONNECT: Join our Partners Programme and get in touch with companies abroad who want to do business with you Add information
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  • THE WORLD
    • 215 12 WASHINGTON Bloomberg THE Clinton administration ended its silence on a key issue in the bipartisan drive to revamp banking laws on Tuesday by saying it could accept a plan to let financial firms engage in a "modest" amount of non-financial activities. John Hawke, a
      Bloomberg  -  215 words
    • 364 12 WASHINGTON Productivity gains fastest in foor years, offsetting higher labour costs Bloomberg US WORKER productivity rose in the first quarter at the fastest pace in almost four years, offsetting higher labour costs in many industries. Productivity a measure of the time
      Bloomberg  -  364 words
    • 141 12 JERUSALEM Reuter ISRAELI Finance Minister Dan Meridor quit yesterday in a tiff with Prime Minister Benjamin Netanyahu over currency reforms adopted by the cabinet. The changes, approved overnight despite opposition by the finance chief, prompted the Bank of Israel to lower its key
      Reuter; REUTER  -  141 words
    • 276 12 AMSTERDAM Leaders agree on mtdfUrt to the constitution Bloomberg EUROPEAN Union leaders settled for a modest set of revisions to the EU constitution, postponing some issues it hoped to resolve. The 15 EU leaders ended a two-day summit well after midnight with an
      Bloomberg  -  276 words
    • 287 12 WASHINGTON Bloomberg LEADERS of the Group of Seven industrialised nations plan to take further steps at their Denver summit this week to strengthen oversight of global financial institutions. "The summit will continue to build international cooperation to meet the increased risks
      Bloomberg  -  287 words
  • Page 12 Advertisements
    • 194 12 &g*al w ■> *-<*. i§ p*-- -^.v'•.-:."• :^V:^; j. s_ y /i-t" r- -V u>. V v Hft* #1/1/1/1 a/I •yf HHHIIIHHMMHHHHHHIHHHHHHHHHHSSHHHMHIMiiii II f rfr i#^ m^^MjjMM^^^^^B^ r It■ Wt I >&*& > t r-r<» v.- i <.|)fr What's right with this picture? 1 t_| f m Aif# (Other than
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  • EDITORIAL & OPINION
    • 762 13  -  THE BOTTOM UMB OPINION By Leon Hadar The writer is BT's Washington correspondent WASHINGTON has decided to take time out of "Donorgate", the story about the illegal contributions to the Democratic party and its sub-plots (Asiagate, Lippogate), and to place on its agenda an
      762 words
    • 123 13 'I would say if you're a high-powered banker or if you're a yuppie or a chuppie (a Chinese yuppie), you might go for a silk, perhaps dark colour, to lend a bit of gravitas to one's status in the banking WOrld -David Tug retailer of upmarket traditional
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    • 629 13 EDITORIAL INDONESIA sent a strong signal to Washington that it resents American interference in its domestic affairs —when it cancelled a deal to buy nine F-16 aircraft and withdrew from a USfunded military training programme. President Suharto took the action in protest against concerted attacks
      629 words
    • 951 13  -  Despite falling interest rates, unemployment is at &8% and consumer! are afraid to spend By\ Peter Lynch The writer is a Sydney-based journalist who contributes to BT INTEREST rates have fallen four times in a year. Inflation is averaging 2.5 per cent. The Australian
      REUTER  -  951 words
    • 798 13 PradoosHttte privacy PRIVACY is a precious commodity in a crowded world. Everyone needs a bit of anonymity, but with the advent of computers and the Internet, it's getting tougher all of the time. Our personal lives (and finances) are at the fingertips of anyone with a
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  • Page 13 Miscellaneous
    • 25 13 DOOMESBURT By Garry Trudeau Mfe! 1 W\ m£* MGTOPO I HKrveereotiSMOuK HT -mem* W x%H fl P \%£XLt GRAPHICS". J M&?PAG£. &VGMBA HOL- PONTUKe J\'%™%g-
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  • EXECUTIVE LIFESTYLE
    • 489 14  -  HK's tai-tais are going the Chinese way on June 30, says padl maibhmb PAUL MAJENDIE Reuter Discard the Dior. Leave behind the Yves St Laurent. A silk, figure-hugging cheongsam definitely is the designer dress to wear at the gala to mark Hongkong's
      Reuter  -  489 words
    • 470 14 PEOPLE N§ mere to stamp eat trade in HK m Imps' are in their 80s Reuter (HONGKONG] The rickshaw, relic of an imperial past, will survive Hongkong's return to China but may be lucky to last three years to the millennium For the rickshaw "boys"
      Reuter  -  470 words
    • 807 14  -  BOXING The fighter wk* beat Tyson against all odds last year pars op far a rematch By] Dan Meffect NYT [NEW YORK] That Evander Holyfield today is the heavyweight champion of the world cannot be explained by reason or research. Here is
      NYT; FILE PHOTO  -  807 words
    • 426 14  -  FILM By< Corinne Kerk AFTER a successful return to movie-making last year, cinema distributor and exhibitor, Cathay Organisation, is embarking on a new project the co-production of a US$7 million (Sslo million) animated feature film. Its film production arm, Cathay Asia Films, is partnering
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    • 1423 16  -  Christopher tam talks to lawyer Chia Quee Khee who completed the ItaUan vintage car rally, Mille Miglia CHRISTOPHER TAN Man domesticated the horse not justfor transportation. Lots of other animals could do the job. He picked the horse for its speed. When he invented
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    • 978 16  -  Singaporean Ringo Chong beats speed demons with an aging BMW By < Christopher Tan IF ANYONE could use a Lada Samara to outrun a Subaru WRX, it would be Ringo Chong. Early this month, 33-year-old Ringo did just that Not in a Lada,
      978 words
    • BUMPER to BUMPER
      • 112 16 THE Porsche name emerged victorious once again in this year's just completed Le Mans showdown. However, the car was not a factory model like last year's GT-1; but a prototype designed by Briton Tom Walkinshaw and raced, under the Reinhold Joest team. The car
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      • 95 16 IN COLLISIONS between cars and light trucks, 80 per cent of the fatalities are in the cars, a study found recently. Even though cars remain twice as common as light trucks, collisions involving cars and light trucks have been killing more Americans than collisions between
        95 words
      • 50 16 THIS IS the Nissan FE V 11, a second-generation "ftiture electric vehicle" that was born ofa collaboration between Nissan and Sony Corp. The car uses an advanced lithium-ion type battery that enables a range of more than 200 km between charges. That's quite a walk, man.
        50 words
      • 83 16  -  Compiled by Christopher Tan AFTER inviting tenders from major car-makers for a national car project China has decided to go it alone. On line is the Lucky Star mini family car, a modern-looking hatchback that looks like a cross between the new Mercedes-Benz A-class and
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  • Page 14 Advertisements
    • 640 14 J.E Morgan Co. Incorporated Parent company of Morgan Guaranty Trust Company of New York JPM Consolidated statement of income for 1996 JPM Consolidated balance sheet at December 31,1996 (Condensed) (Condensed) In miilitmM, n-Ji Net interest revenue mc+t per share data Assets Interest revenue $10 713 Cash and due from banks
      640 words
    • 24 14 SALUT RESTAURANT WINE BAR Border I cuisine I r r rrencn Fusion Ruifried Foie Gru R.A J 4DI flHlfls Mw\j t WMB ••MMraul Via*
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  • Page 15 Miscellaneous
    • 663 15 TV&BADIO fMHtanBI ting on the internet. nHBBffrW IXOO MNSavannah. IAOO NN News iTIHTTf tS KwSSSJ 12.45 AM peOuter Limits- 12J8 PM Muzika Sabah. ITaHH r* The Winners. Parade (See Our Choice). u.45 Bisnes Hari Ini I Money. L3B Covington Cross. LOO BerkaCNßr I 330 Tech2ooo. «m Rewind MS B 400
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    • 135 15 CEVPTIC CROSSWORD 28 (86) oberlnB effecl 8 Tolerant of things made to YESTERDAY'S SOLUTION nmJki standard sizes (5-2-4) ixuiji.i^i. i iiuma...-,. 11 Privileged people travelling [AMAygbrniMßyMlMr 2 Taking to water, Sunday to Carsteirs (11) l3[mo[gtutofeMofff3H[CT6l opening suffering! (7) 14 Shows women listen to the MHTfffcMgMrfM 3 Model incomplete for plan
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  • COMPANIES & MARKETS
    • 496 17  -  Da* operator likely tetecar more debts fodfeslsJ>b project, analysts from: Eddie Toh in Kuala Lumpur' EKRAN Bhd boss Ting Pek Khiing has scrapped the proposed rights issue of Bakun Hydroelectric Company, the operator of the planned M 115.5 billion (SsB.B billion) dam in Sarawak.
      496 words
    • 448 17  -  By i Clarissa Tan [SINGAPORE] Brokerage houat Kim Eng Holdings yesterday announced a solid increase in year-end earnings, as well as the intended sale of a 40 per cent stake of its Hongkong arm to its own managers.
      448 words
    • 1059 17  -  HOCK LOCK SIEW Anthony Rowley WHEN the phone started ringing off the wall the other day, I knew right away who it was going to be. "Al," I said, "I've been expecting your call." There was a short silence and
      1,059 words
    • 328 17  -  By. Diana Oon [SINGAPORE] Keppel Land emerged the top bidder for a freehold site in Sunset Way with its offer of $77.1 million in a tender which closed on Tuesday. The 135,000 sq ft freehold site is Keppel's third major
      328 words
    • 433 17  -  Each share's NTA is only 83 cts compared with bid of $1.88 By: Lee Han Shih [SINGAPORE] Each Amcol share is backed by net tangible assets (NTA) of perhaps only 83 cents, and shareholders should accept a bid by Asia Food Properties (AFP)
      433 words
    • REGIONAL COMPANIES
      • 171 18 [SINGAPORE! A leading authority on corporate governance, Adrian Cadbury, will speak on the topic at a seminar here next month. The Stock Exchange of Singapore (SES) is holding the seminar on July 25 in conjunction with its two-day SES Investment Fair at the Singapore
        171 words
      • 453 18  -  Hearing for Abdul Ismail set for Aug 3, no new dates for other 2 businessmen By Ven Sreenivasan [SINGAPORE] The preliminary injunction hearings against three men accused of insider trading in the Neptune Orient Lines-APL case have been rescheduled. The US Securities
        453 words
      • 308 18 Bloomberg [MANILA] Philippine regulators ordered a more thorough investigation of SBC Warburg Securities and three other brokerages for allegedly manipulating the price of stocks, saying an initial probe was inconclusive. The Securities and Exchange Commission said it reviewed the preliminary reports implicating
        Bloomberg  -  308 words
      • 300 18  -  Shares rise after BT report on site potential sy Tan Su Yen [SINGAPORE) ANA Hotels says it has not at any time contemplated redeveloping its property at Nassim Hill, in response to a June 7 BT report on hotels with redevelopment potential.
        Source: Bloomberg  -  300 words
      • 52 18 [JAKARTA] An employee of telecommunications company Indosat demonstrating the firm's new Indonesia Interactive service for the Internet in Jakarta yesterday after its launch. The new product carries tourist information on points of interest such as the Borobodur temple as well as stock, shopping and flight
        AFP  -  52 words
      • 272 18 Bloomberg China Ever-bright-IHD Pacific Ltd, controlled by China's cabinet, sold HK11.9 billion (Ss3so million) of shares for the second time this month to pay for a one-fifth stake in one of China's most profitable banks. The transaction represents a
        Bloomberg  -  272 words
      • 113 18 Bloomberg [HONGKONG] China Resources Enterprises Ltd, the investment arm of China's Foreign Trade Ministry, said it will buy a Hongkong bank for HK12.0 billion (*****.8 million) to develop its business. China Resources' chairwoman Zhu Youlan said the company will buy SO
        Bloomberg  -  113 words
      • 263 18 It also plans to introduce takaful insurance tartness Bernama [LABUAN] Bank Islam Malaysia Bhd (BIMB)'s first offshore banking subsidiary, Bank Islam Labuan, is expected to be fUlly operational early next month, says its managing director, Ahmad Tajudin Abdul Rahman. He said the
        Bernama  -  263 words
      • 268 18 Bernama [KUALA LUMPUR] Dijaya Corporation 'Bhd, formerly known as Jasa Megah Industries Bhd, expects further challenges to the group from measures implemented by Bank Negara in April to restrict lending to the higherend property sector to curb asset inflation. "Hence, the group has to
        Bernama  -  268 words
      • 221 19 Reuter [BRISBANE] Australian nickel producer QNI Ltd said yesterday it would merge its nickel operations with those of South Africa's Gencor Ltd. QNI said it would issue 504.03 million new shares and that Gencor would hold up to 56 per cent of the enlarged
        Reuter  -  221 words
      • 306 19 Merger win create world's largest supplier of phones witkOSKLsb in sales Bloomberg [MURRAY HILL, New Jersey] Philips Electronics NV and Lucent Technologies Inc will merge their consumer phone equipment operations. The new venture, called Philips Consumer Communications, will be the world's largest supplier
        Bloomberg  -  306 words
      • 264 19 Sale to investor groop part of strategy to focMonPShnwhwi Bloomberg [TORONTO] Kmart Corp said it sold its 123-store Kmart Canada Co unit few CslBs million (*****.4 million) to a group of Canadian and US investors as part of a strategy to focus on its
        Bloomberg  -  264 words
      • 389 19 Group remains i,J 4a committed 10 Hnngknng aiU China, says exec Reuter [TAIPEI] Trading house Jardine Matheson, whose two centuries in Hongkong bred deep suspicion in China, said yesterday it planned major new investments in another territory long estranged from China Taiwan. "We have
        Reuter  -  389 words
      • 50 19 [TOKYO] Japanese electronics giant Toshiba unveiling the world's smallest digital still camera yesterday, the card-sized Allegretto. The Allegretto can be connected to a computer via a built-in PC card and will beput on the market in Japan next month at a price at 59,800 yen (*****). AFP
        AFP  -  50 words
      • 98 19 Bloomberg [LEVERKUSEN, Germany] Bayer AG. Germany's secondbiggest chemical company, said it has formed a Joint venture with China National Petrochemical Corp (Sinopec) to make polyurethane plastic. In a statement on Monday, Bayer said it holds 55 per cent of the venture, known as Bayer
        Bloomberg  -  98 words
    • INTERNATIONAL COMPANIES
      • 460 20 It will provide voice, data, video communications to phone firms and businesses Bloomberg [SCHAUMBURG, Illinois] Motorola Inc, moving to domi- nate the satellite communications market, plans to build a /'USSI2.9 billion (5518.4 billion) ..-global network to provide voice, data and video communications to phone firms,
        Bloomberg  -  460 words
      • 365 20 FT [LONDON] British Sky Broadcasting (BSkyß) must drop its equity stake in one of the contenders to launch commercial digital terrestrial television (DTT) in Britain, the Independent Television Commission (ITC) has decided. Unless it does, the British Digital Broadcasting (BDB)
        FT  -  365 words
      • 297 20 Bloomberg [LONDON] EMI Group, the UK's largest music recording company, said it will return to shareholders as much as £499.1 million (511.16 billion) or about 10 per cent of its market capitalisation, by giving them special shares redeemable for cash. EMI said after reviewing its financial
        Bloomberg; FILE PICTURE  -  297 words
      • 134 20 [PITTSBURGH] H J Heinz Co said fiscal fourth quarter earnings rose 9.4 per cent as the condiment and weight-loss company continued to streamline its operations. Profit from operations rose to U*****.2 million (*****.4 million), or 50 cents a share, for the period ending April 30,
        134 words
      • 243 20 Reuter [REDWOOD SHORES, California] Oracle Corp said on Tuesday its fiscal fourth-quarter earnings rose 35 per cent, close to Wall Street expectations, on strong sales of its database software and applications. Oracle, the second-biggest software company after Microsoft Corporation, said net
        Reuter  -  243 words
    • FINANCE & COMMODITIES
      • 374 21 Funk problem is that they haven't been able to get toe-hold on Wall Street: analyst AFP [LONDON] The shock resignation of the Nat West Markets chief and a pledge to trim back operations at the bank is seen as the latest British failure to
        AFP  -  374 words
      • 222 21 Unit trust tad msnt|or looking at futures and options Bernama [KUALA LUMPUR] Permodalan Nasional Bhd (PNB), the largest unit trust fUnd manager in Malaysia, is preparing itself to participate in new products such as futures, options and the Securities Borrowing and Lending markets. PNB has allocated
        Bernama  -  222 words
      • 173 21  -  Five-year FEN te be listed on Stock Bxchan# ef S'pore By\ Soh Tiang Keng [SINGAPORE] The Bank of China yesterday launched a fund raising exercise in the Asian and international capi- tal markets through the issue of a US$2OO million (***** million) floating rate
        173 words
      • 242 21 SIMM Report Reuter [SINGAPORE] Simex Euroyen futures slipped in thin trade yesterday but dealers said the downside looked limited ahead of the Bank of Japan's tankan business sentiment survey, due on June 25. A belief the tankan would paint a negative picture of the
        Reuter  -  242 words
      • 190 21  -  MMTUVUmDRBS -By Perry Gilbert Perry Gilbert, vice-president, Refix) Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures rose for fifth straight session yesterday, with the June contract closing at 372.0, up 4.0 points. Buyers continually emerged on any weakness in the cash index,
        190 words
      • 215 21 ENERGY REPORT Reuter [DUBAI] Opec Gulf states may be hurting from weaker oil prices but the pain is not enough to prompt drastic action when Opec ministers meet in Vienna next week. Gulf industry and banking sources said yesterday. Though benchmark Brent
        Reuter  -  215 words
      • 278 21 Reuter THE US dollar was steady in midday trading and is likely to remain around current levels until the beginning of next week, when the G-7 summit in Denver finishes, said dealers. An analyst said she expects dollar/yen to trade within a 110-115 range for the next three
        Reuter  -  278 words
      • Article, Illustration
        439 21 £5 g| £58 HTM Jun 18 I P* m 9mmm JV» s«m I HW* 13/1 )W bamm !M SV4 hm tw svi II |I# I I| m SL-jse 7*» 5 1/2 5 V* m sy» t«» I IMMI sm sn/12 law* IM 51/4 ftM* SIN S 7/1 »Mtti 57/» i
        439 words
    • 583 22 nOOM KUTURBS thin is —J2— <S5 *35 ftf* VIM 187.00 §7.00 *50 1720 II* as ss as 5 s M§«l «3.90 *150 163.00 300 7425 IpKJMM **75 164.00 163.75 tNO ***** IST""Ts gg "5 Ik r 3 s a M*tt IXJS R3L25 1H25 300 1093S *m* 1I400 2550
      583 words
    • 1635 22 JM« Hots *tn Group 907 -f MM 209 *1 *»n wmmii in -3 MMDMNI———4IM00 1400 tMC 142 *2 Asda Group *****0 -2400 •ATM 544.400 -9.600 KPk *****0 *<400 ■CC 182.400 400 80C Group W76JOO *1200 M Patrolman *****0 -4400 0T0 199.400 tank of Scotland *****0 -4.400 Barclays
      1,635 words
    • 1517 22 AFP Damns *a SHARE prices closed 0.5 per cent lower yesterday with the Nikkei Average depressed by selling of export-linked issues after the dollar temporarily plunged against the yen. Brokers said that trading was slow as the yen's rise made investors cautious. The 225-share Nikkei Average fell 95.81 points
      AFP  -  1,517 words
    • Article, Illustration
      1427 24 AFP -103JI STOCKS fell yesterday on con- cern over measures to curb the property market by the incoming government of Tung Chee-hwa. Dealers said profittaking was triggered by re- ports of impending measures !to cool speculation on the property market. "The property market is bound to slow, so institutions
      AFP  -  1,427 words
    • Article, Illustration
      620 24 Reuter Mm -3J» THE Shenzhen B share market ended lower yesterday, hit by fears that heavy profit-taking in a newly-listed A share issue would drag down the domestic index and hit foreign currency B shares. The B Index lost 3.08 points at 146.62 on a turnover of HK$4O million.
      Reuter; Source:  -  620 words
    • 344 24 AFP Hwphfcx <aus STOCKS rose 0.4 per cent to a seven-year closing high yesterday as investors sought semiconductor issues. "More investors switched to promising IC (integrated circuit) issues by selling shares of other manufacturing sectors," said a trader. "Although most electrical shares have been overvalued, any price declines in
      AFP  -  344 words
    • 244 24 Bloomberg QWeDmgtoo +32J8 SHARES rose yesterday amid offshore demand. The NZSE Top 40-share Index rose 32.18 points, or 1.4 per cent, to 2,400.21. Turnover was NZ$5B.9 million. Rises beat falls 27 to 10. —Bloomberg *b» i v- rmm A KZ Banking 10-55 -OM ***** Advantage* HMgi U2 -0.04 74*00
      Bloomberg  -  244 words
    • Article, Illustration
      774 24 AFP QSETMg -14.78 SHARE prices dropped 3 per cent to an eight-year low yesterday on widespread but unconfirmed rumours that Finance Minister Amnuay Viravan would resign over policy conflicts, analysts said. An independent Thai news service, INN, said in a radio broadcast after the bourse closed that Mr Amnuay,
      AFP  -  774 words
    • 381 24 AFP -me SHARES closed 2.4 per cent lower yesterday, with foreigner investors taking North Korea's threat of war as an excuse to sell financial issues. "Foreigners sold flnancials and some blue chips amid concerns over the country's risk after reports on the North's threat of a war," a dealer
      AFP  -  381 words
    • 529 24 AFP QAllOriiaarM -&3 SHARE prices slipped yesterday alter Wall Street consolidated for the second day from a record-breaking performance the previous week. The All Ordinaries Index fell 8.3 points to 2,673.4. Turnover was 453.5 million shares valued at A 1965.0 million. The banking sector was particularly hard hit, sinking
      AFP  -  529 words
    • Article, Illustration
      704 24 AFP fjOanmoßtehlg +&.71 SHARE prices rose 0.8 per cent yesterday on selected buying by foreign investors. "I would say that our market is getting expensive but it's still attractive relative to other markets in the region," said a dealer. The JSE Composite Index closed 5.71 points firmer at 710.79.
      AFP  -  704 words
    • 300 24 AFP QIUmU +2SJO SHARES closed 0.9 per cent higher yesterday, boosted by gains in the property sector. The PSE Composite Index rose 25.10 points to 2,823.35. Turnover was 7.3 billion shares worth 2.3 billion pesos. Among property issues, Ayala Land Inc rose one peso to 22.50, Empire East Land
      AFP  -  300 words
    • KUALA LUMPUR STOCK MARKET
      • 7575 25 Cmsmmt arMnti 1447 Last Val Day Mat Cat HN> Urn Ci a>M| «ala WOO Hmi m W W 790 540 AfrmoiH too 33-2 24U 44* 293 Angkasa 308 -2 21 310 304 9.1 45*1 909 410 ApoMoFaodHIg 649 -10 11 499 470 274.0 424 109 Barlayolnd 244 2 3302 292
        7,575 words
      • 312 25 AFX-Asia Q Composite bin ♦ILU SHARE prices closed higher yesterday, buoyed by a favourable M 3 growth figure and retail support for Second Board stocks, dealers said. The KLSE Composite Index closed up 11.19 points at 1,088.12. Volume stood at 223.7 million shares worth
        AFX-Asia  -  312 words
    • WARRANTS & OPTIONS
      • 3313 26 WW UN W taf UMtah M| Cmmmr 5a»a «w COOP) MHh l— 4r*r uam Prtaa 64 44J« 3000 m AM04 CS.9H*****4 41 49 67 413 3160 *Acar WOKJ731 US$ 543 *2 S4J 92 52.5 S3 131 74 31*4 Acm* WOW724 74.5 *03 5 74.5 74.5 74.5 7* 75 S3 2«
        3,313 words
      • 173 26  -  WARRANT WATCH By] R Sivanithy AMONG the best performers yesterday were the shares and warrants of Clipsal Industries, an electrical goods counter whose instruments are traded in US dollars. Despite their sharp run-up, the warrant's numbers still look
        173 words
    • 1916 26 n. v •r Or 9997 Laat W kf MMl H) Mr VH M MO* WN» t— «f> C—pt fOOOl H»» Hi m*m Utm Clr P/K 9m* ~478 ZW miSOOO AIS6S0C KM 15 S 3M 300 302 MO S3 4.9 OS 4X1 3M 137 M mi SOW AMOSSOc 90
      1,916 words
    • STOCK EXCHANGE Of SINGAPORE
      • 915 27 SS2- 1® 'S3 BB| *33 S!g SSy SS8 3IS £S 3 <48 MjnMtM xaa ijgj uw Mg ST Jff, 12| £25 jJ5S mhJ z%32 SSoaq *88 cum ttm. ■xsst" —z a *'s i Khm 1J? 3 8 IMM 7 2 2 I 0 1 I 3 vrepwti* 4 5 n
        915 words
      • 5046 27 Transaction Date Jiin 18 Or Or mm ttrr LMt Vaf Day LMtOwto Mr Oh n IM Cap Ay* m» Iwr st*a fimfinr 1djd COOP) WHU Ldrf 8»ydr SalNr Or M Pr1«d 5146 ASC NTJ10 200 US- 885 845 1275 ASFOSklOO 0S885 S45 815 203 153 1256 Acar 50c
        5,046 words
      • 1023 27 wm/** 7 mo ciim t£ rooU if*""* l— w $St w3 SOMA 106 M.5 a 2000 AWNMtik 99 5 cd -0.5 29 100 99.S 99.5 100 10 10 U 142.1 40 100 280 144 2049 AS Auto 10c 249 cd *7 431 249 243 249 250 2 «4 3
        1,023 words
      • 193 28 f facta Vol—a irPHWgs50c 3,898,000 ♦pestmont Land 3.246,000 fill Foreign 2,923.000 WenongWtOO 2.712,000 UndUSIOc 2,401,000 tafcroy M 20c 2,029,000 |wtH»«98 1.922.000 ■UpeiCorp 1.860.000 •RenongBM50c 1.810.000 jtSLand 1.785,000 |Ndu «U« Foreign 25,648,531 r I Foreign 19,480,080 Foreign a 19.157.562 IOC Foreign 13,924,256 QtyDcvSOc 13,894,006 RlppeiCorp 11,397,332 KM 10.360.667 $MUS25c400 10.132.402 |pS
        193 words
      • Article, Illustration
        58 28  -  -If I Shiv Taneja HTP HOLDINGS shot up 13 cents yesterday to $1.11 on a volume of 3.89 million shares, making it the most actively traded stock in the market. Short-term traders should cash out now, while longer-term investors ought to buy on weakness. The weekly MACD chart
        58 words
      • 669 28  -  STOCK MARKET COMMBMTAKY With turnover and share prices moving ever lower, the only bright spot is in Malaysia, where demand for bine chips is firm By R Sivanithy [SINGAPORE] After regaining the 2,000-point level on Tuesday following a week-long stay below
        669 words
      • ON THE GRAPEVINE
        • 65 28 FOR a card company that claims that membership has its privileges but has always insisted that you pay for that membership, American Express has yielded to a widely practised market trend. It recently invited non-members to sign on for a six-month free trial, with a Sharp Databook
          65 words
        • 184 28 WE HAVE just received the 1996 annual report of Indonesian cigarette company HM Sampoerna. The report is mandatory reading for anyone who thinks selling cigarettes is an easy business or has serious doubts about a cigarette company's passion and dedication towards providing a quality smoke. The
          184 words
        • 188 28 A COLLEAGUE, green-eyed with envy at the obscenely long spell of leave his co-workers higher up the totem pole have been granted this vacation season, received this short witticism from a friend trying to soothe frayed nerves. "The year is made up 0f365 days,
          188 words
        • 85 28 YOU'D have thought that after the 18M stock market slump which burnt lots of investors, brokers would be a little more careful in taking large orders from retail punters. A lawyer handling bankruptcies said he was astonished at the large amount of debt piled up
          85 words
        • 102 28 WITH home rentals softening, landlord* are bending over backwards io please their tenants. When a tenant rang his landlord recently complaining about a faulty washing machine, the landlord hunted high and low for the machine's warranty card but to no avail. Worried about the upcoming lease renewal,
          102 words
  • Page 17 Advertisements
    • 503 17 I IT Is incraaslngly claar that Corporal* Govarnanca, which li tha ay a lam by I directed and controlled, la becoming a major factor In defining tha way boarda oparata and tha I I responsibilities of tha dlractor. Thla one-day seminar praaanta a uaaful opportunity to ba updatad on I
      503 words

  • Page 18 Advertisements
    • 780 18 6 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED Head Office: 9 Rutchadapisek Road, Ladyao, Jatujak, Bangkok *****. Tel: 544-1111. Annual Report For The Year Ended December 31,1996 ASSETS IM6 1995 LIABILITIES AND SHAREHOLDERS' i CASH AND DEPOSITS AT BANKS EQUITY If* 1995 Cash and deposits at banks DEPOSITS in Thailand
      780 words

  • Page 19 Advertisements
    • 49 19 The Alcatel One Touch Pro With I Extended Battery Life Connects I You To All The Right Places. I Telecom Bills Taxi Hotlines Airlines Banks I x J I i Only I $608* 1 (GST included) "I -P"--Save Up To $422 With Sing Tel Mobile Special GSM Package! g
      49 words

  • Page 20 Advertisements
    • 92 20 H Investment Seminar Thursday, 26 June 1997 6.30 8.00 pm I Mandarin Hotel Singapore, 4th floor I I SPECIFIC /—"•x I HE Mr Geoff Ward, I INVESTMENT ——r I Hi<rh Commissioner I OPPORTUNITIES I and I Mr Chris Gorton, I I Regional Director and I Chief Representative East I Asia,
      92 words
    • 94 20 -f T M Free drinks at .ir The Regent (with a rather pleasant catch). An open bar ail evening or a complimentary bottle of wine? There has to be a catch. And there is. The fishermen's freshest, in fact, prepared in abundance before your eyes and served with live music
      94 words

  • Page 21 Advertisements
    • 381 21 Net Profit BEF 10.29 billion Operating Continuation of the "Network hannesburg Acquisition of IQliUu 2000" restructuring programme an 11% stake in Amerbank in rnniirn l P fr\ aiK intensification erf informa- Poland and enhanced activity in ILJJ. LU.C WJ tion technology and telematic Poland, the Czech Republic and j|Y| yy|Y\Vr*
      381 words


  • Page 23 Advertisements
    • 2447 23 HWii iiiiwiiiii iiirnwi ifiwwii ws£sS&.-£* IsINFPT v 1 ■MBBWHMBMMMBHHMMBMBBBMMMMMMMI >*? WvOT **v~'?Tv> S *> f* J Wr 5£ *w *£r 3r* r; FACTORY SHOWROOM HARPER ROAD FACTORY I SHOWROOM HARPER ROAD FACTORY SHOWROOM HARPER ROAD FACTORY SHOWROOM HARPER ROAD rftrmrrr f THIOWWOOM 11> HP lIIIIIUII C«t*fc—l Mol Cawt CuOfcig Colour
      2,447 words

  • Page 24 Advertisements
    • 52 24 From to 30 June you con enjoy free engraving and embossing* your Monfblanc A lasting impression awaits you iT^llvZ^ljb^T at Monlblanc, impf«sioo go« beyond when you join us tn celebrating the re-opentng of the I beautifully crafted products. Limited to one per customer. Montblanc Boutique at Ngee Ann City. ?S
      52 words


  • Page 26 Advertisements
    • 87 26 Tel: 220 5337 FJul 220 2994 Anhnriirri ririlrn A A /\v A f*|t mz*-- «ht*ooucing the movado vizio: I Jll A POST-MODERN PERSPECTIVE ON TIME. Dc U3K EmWii Watch SoMd stainless steal or stee(/18K gold. TA 533 09^^ W ,d, 1 I M A > uHf J Scratch-proof hard inaM
      87 words


  • Page 28 Advertisements
    • 436 28 BUSINESS Notices SinGAPORE AIRLinES LIITIITED M 7 (Incorporated «i the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Singapore Airlines Limited (the "Company") will be held at Mandarin Court D, 4th Floor, Main Wing, Mandarin Hotel, 333 Orchard Road, Singapore
      436 words
    • 370 28 Bank of East Asia Opens Kuala Lumpur Office (KUALA LUMPUR) The Bank of East Asia. Limited, of Hong Kong has today opened a Representative Office in Kuala Lumpur. This is the Bank's second outlet in Malaysia, following the opening last February of an Offshore Branch in Labuan. The Bank of
      370 words
    • 394 28 To advertise call toll-free 1800-*****83 ——Imwwmwhib (In Voluntary UqukMlon) NOTICE W HEREBY (MVCN w—nw— COMPANIES ACT CAP. M THAT A RNAL OENEHAL MEETMQ OP THf COMPANY WU BE HELD ON THE IfTH OAT OP JULY IW7 AT W AJL AT JALAN BESAR #05-01 SMQAPONE MB7M PON THE POLLOWNO PURPOSE:1. To
      394 words

  • SHIPPING TIMES
    • 296 29 Bridge News r Timecharter rates for Panamaxes in the east continued to improve with levels edging over US$lO,OOO daily. Activity in both the capesize and handysize markets was again sluggish, with very little emerging. Hie summer seems to have now arrived for the capestess with trading quiet in
      Bridge News  -  296 words
    • 158 29 CWTOMriMton 134 CI—1» IjOI WKJI M Cam tow 121 *002 21 aesr=."® <ss asa—% ss MCMMMS HK940 O.W ■(MM 1 —&4S -OAS 41 4J0 -OOS tMO Mmi 4*4 Midi 24 LS3 «nc*i 21 MM -001 26 L**r«hrtW _—139 «ndl 202* MhMNwn.lN -OjOI 42 MBt m -OOS 1M •sarssr-s
      158 words
    • 483 29  -  Speakers at ship management meet urge firms to rnsh to meet July deadline next year By: Felix Chan [SINGAPORE] Procrastination on the part of shipowners with regard to ISM certification was the underlying concern among speakers at a ship management conference.
      483 words
    • 708 29  -  MEWBUIIJDS By- David Hughes AT last there is a little less talk about ordering containerships. Only boxship contract, for two smallish feeder vessels are included in this week's representative newbuildings list. And there are indeed fewer containerships being booked. Shipping is, as frequently
      708 words
    • 230 29 Reuter [LUXEMBOURG] Ferry operators offering services out of EU ports will have to register the names, gender and age bracket of passengers and crew on longer voyages if EU ministers reach a deal on new rules late yesterday. The moves are intended to
      Reuter  -  230 words
    • 282 29  -  By' Yong Mei Fong [SINGAPORE] The port of Rotterdam has met with another delay in obtaining the go-ahead from the Dutch government for its expansion proposal. There was much speculation that the government would reach a decision last week on the proposed
      282 words
    • 252 29 [SINGAPORE] With an average rate of 86 containers moves per hour, the Port of Singapore Authority (PSA) has one of the highest productivity rates in the world and is showing no signs of slowing down. Last month, PSA achieved 145 moves per hour on
      FILE PHOTO  -  252 words
    • 261 29  -  New vessels to be used for projects in South America, Africa and SE Asia By] Marcus Hand [SINGAPORE] Dredging, Environmental and Marine Engineering (DEME Group), one of the world's largest dredging companies based in Belgium, has placed an order for
      261 words
    • 999 30 LONDON'S DOCKLANDS: SHOWPIECE OF REGENERATION Semi-derelict port has been transformed into a commercial and residential centre in a successful regeneration scheme Lloyd's List LONDON'S Docklands area east of the city was once a port in its own right, but is now better known as
      Lloyd's List  -  999 words
    • 282 30 PAGE Ethiopian 6 ACL n Eurohans 6 AM. 3 Evergreen 6 Accord 12 Fimous 7 AppensNp 5 Fl-Bright 6 Astro 3 FoongSun 12 Austral tl Clink 4 Avant 6 Gemartrans 13 BSA 7 Genshpg 11 Batamindo 7 GloMinfc 7 B'tang Mas 12 GoWen
      282 words
    • 15016 36 THEBUSINESSTIMES EXPORT ETA ETA AMortllor Vosaol Voyaqt Tohphono ETA ETA Advortlsor Vvu* Voytqt Tikphon* SM Owfn N—« Now Numtoor Number SM Poott> Www Www l*w*ir I*—r mmmmmmmmmmmmmmmmmmmmmmammmm m «n» ,i»i <» rwmmmm mmmrnmmmmmKmmmmmmmmmmmmmmmmmmmmmmaamm 26/06 20/OT Kanjin H. KOBE 0**W *5-32*0224 A.m .Ail iAm II 90At T# BRISBANE (BNE)
      15,016 words
    • SHIPS IN PORT
      • 799 43 Vossd Voy Mo Bfth Arrtwl Ptprtfo It 5 Mataua *****7 '"lOI «on«M» *04/0300 It Maw J JwD JOI ilnuili *04/0000 IWW Honor 9701 JO* ato««wto 19 04/ 2 300 pi»2SM not J02 rtnit 20.04/2300 MM JM 07/97 J03 akKKpxM <4 06/W00 PMM Sa*2 76 JOT *Wf»* 04/2200 OMf
        799 words
      • 1579 43 RECEIVING OF EXPORT Fa CONTAINERS ANO LCI CARGO Boofckq/BtUnct Kttls SMp Vcy Mo Ett/Btr Nriod Frm To From *a uy om 20/2159 u wnoo ww mm «MOO W*59 voc U W700 WMM WMM a */!700 *9/0*59 19/0900 j worn mm M« 4 WBM WMM IVT700 mmut *ow 20ANM
        1,579 words
      • 171 43 Juaa Sweden: Midsummer Day. JUI Canada: Canada Day. JaM United States: Independence Day. MM France: National Day. United States: Independence Day. Mil Brunei: H.M. The Sultan's Birthday. Jtol 17 Brunei: Maulud RasuL Indonesia Birthday of Prophet Mohammed. Malaysia Brlthday of Prophet Mohammed. Ad SI Belgium: National Day. Mas
        171 words
      • 827 43 THIS report complied by Cockett Marine OH Ltd. ihow* price range* in US dollar* InMad of tingle price* for a more comprehensive description at the market. Price* shown arc baaed on average•l»d item. Market movement* are Indicated. The Cockett Bunker Price Index change and the Individual
        827 words
      • 344 43 MOM- m.1 a? no 0.10 a om *itt Pm»Wt Wotor ImMw Ag IImIiIm lifcK He o6om C2S 1 0 1 0 0 0 Ml U 12.5 0.07 IT 042 (Mri .u J"- BO*" "J 0.12 M 0.0* j %w %l01 %l 1 H» Mom 635 g
        344 words
    • AIR & LAND TRANSPORT NEWS
      • 65 44 [LONDON] Pilot Tim Senior from the Acrosuperbaties team launches the world's smallest piloted aeroplanefrom the roofofa Mitsubishi Shogun, at London City Airport on Tuesday. TheCriCri plane, just l&t long and 4ft high and with a wingspan ofltfl, was driven down the runway until the Shogun
        REUTER  -  65 words
      • 266 44 It announces a 10-year deal for IT solutions AFP ([SINGAPORE] Cathay Pacific J Airways is to develop a range of market-driven information technology systems under a 10-year agreement announced yesterday with US technology giants IBM and the Sabre group. International Business Machines
        AFP  -  266 words
      • 220 44 Bloomberg [PARIS] British Airways pic said it resumed check-in at Charles de GauUe Airport after shutting its counter for seven weeks on concern there wasn't sufficient security at Air Algeria's check-in counter. British Airways is now checking passengers in at three
        Bloomberg  -  220 words
      • 265 44 Non-EU planes could be subject to checks and be grounded if found unsafe Reuter [LUXEMBOURG] European Union transport ministers struck a deal on Tuesday allowing national civil aviation authorities to inspect non-EU aircraft using their airports and ground dangerous ones. "We have political
        Reuter  -  265 words
      • 167 44 BernamaXinhua [MACAU] Air Macau is to open new routes to six more destinations in mainland China, bringing the number to 11, the Macau CivU Aviation Authorities (MCAA) said yesterday. A memorandum of understanding was signed here by representatives of the MCAA and the
        Bernama- Xinhua  -  167 words
      • 236 44 Bloomberg [TURIN, Italy] Fiat SpA chief executive Paolo Cantarella said Italy's car market will slip back to last year's size if the government doesn't extend incentives and warned that the company might have to lay off workers temporarily. Speaking at the company's annual
        Bloomberg  -  236 words
      • LOG Book
        • 68 44 AFX-Asia [WASHINGTON! The US will sign "open skies" pacts liberalising air traffic with Malaysia, Brunei and New Zealand this week. Transportation Secretary Rodney Slater said. "We (have) offered open skies to rapidly growing economies of the Pacific Rim and tomorrow, I my
          AFX-Asia  -  68 words
        • 53 44 [SINGAPORE! Banner Aerospace subsidiary Solair has signed a memorandum of understanding with Delta Air Lines as the airline's sole supplier of airframe materials from the surplus market Solair*s president Timothy Daggett expects the agreement to generate US$150 million (S$213 million) in revenue over the
          53 words
        • 64 44 AFP [TOKYO] Japan Air System Co Ltd cancelled 361 flights yesterday as cabin crew begin a one-day strike over summer bonuses. The cancellations affected 92 per cent of domestic services. Negotiations between management and two unions representing pilots and flights attendants were continuing
          AFP  -  64 words
      • 1328 44 cmr FII6HT ETA FU6HT ETO MUM! Of81 1930 Qf82 2055 HatYH T6407 2105 TG408 0620 SO 229 2220 WW 2B0 M896 WS AmMH KL843 0455 KL838 2300 HeCMMM VN741 1310 S0172 0930 D125 0655 0126 2355 S0171 M20 S0174 1410 S025 0655 S026 2355 S0173 1905
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  • Page 29 Advertisements
    • 13 29 Regeneration of London's Docklands Semi-derelict port turned into a business hub. Paqp 2
      13 words
    • 145 29 EU ministers reach aircraft checks deal Non-EU planes could face safety checks. Back Page ri >: HP ■SPglM^ Jpprjr. 1 BT U 3 w s Vs^r*. K EAS International Shipping Pte Ltd 9 HIfAS International Transportation (S'pore) Ptelfi^H H EAS International Transportation Ltd China 1 B Croupage By Seafreight/Consol By
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  • Page 30 Advertisements
    • 843 30 ttg* VOT OM VAN SIA U 5M VESS& *O T XA DM MM Ul CM SM rnimiuumm hwsji m/m m/m »/os m/m i«/m mmmmmy ~li m/m m/m m/m u/m ivm m/m UMSMY ocwsn 02/0* 04/04 05/04 M/M M/M HOI KOI 14f 13/04 IS/M 14/ M M/M M/M 11/17 SOWSM M/M
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    • 595 30 Lines services represented ffmSk l\by Members o»#»ReQi«tiyo« Membersoflhe Accredited Shipping Agents, Singapore Fretght Forwarders' S'pore National Shipping Assoc Association. saUio^. SIOTPWGT^^SONLmE Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 3 x Japan 2 Hongkong 1 Monte 1 x Kooifeung, KWung (Accepting Fa to SKK/NAHA/SENOAJ/CCW/ICH)
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  • Page 31 Advertisements
    • 1132 31 PACIFIC SOUTH WEST EXPRiSS (DIRECT) ALSO ACCEPTING MAMAUS Ivtsa Ivor na Isura |s*tn> ux bai «b» o« jwc m hod in I mmm oi« u/ot n/o* if/ot 04/07 bq/07 09/07 w/07 10/07 10/07 w/07 w/o/ 11/07 OftIHMUW) 01<l 23/06 25/06 2*/0t 11/07 15/07 14/07 14/07 17/07 17/07 16/07 14/07 U/07
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    • 2353 31 0 HANJIN SHIPPING USA CANADA* IIM HAUL/VOT OAM SM SU POX TIN TOf CM On M PHI MA MM DOS I NYC \~OK TV! TTZ TUL TTC TE6 H.BIZAMTWO2SI 10/ M 14/ M 10/07 11/07 11/07 13/07 11/07 15/07 11/07 IS/07 10/07 15/07 15/07 11/07 10/07 12/07 14/07 14/07 Ij/oT
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    • 76 31 ItjTOin ORIENT EXPRESS UNES (U.K.) LIMITED siifj, (MANAGER FOR SHREYAS SHIPPING LIMITED) y WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE ViSSli VOY SINGAPORE IQiHAY VESSEL VOY IQMIAY SHCAfOM NORDKAP 412 21/06 28/06 NORPKAP 411 13/06 21/06 T.B.A. SINGAPORE OFFICE: MUMBAI OFFICE: jJSK. Jordin# Sfc.pjwnjj Amikw (C* NO **********0 C) Orml Express Lines Ud.,
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  • Page 32 Advertisements
    • 1579 32 <CT DSR-SENATOR jKISh Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT Ivor Ism" 1 rtm mv ham nx |ant |um 11 vista Ivor luu Irtmlmv Ihmi lax lantlbnl CHOYANG MOSCOW WfTZI 22 01 1117 11.17 1i.07 IJO7 11J7 10 07 DM ROSTOCK "st» "5* ~Z7m »M ¥¥IoF 10M HAUMHANOUMS
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    • 1089 32 I NORASIA VESSEL VOY lam I OOA LAS BCL VAL ALO ROT RIX ANT FEL LHA NORSHARJAH 9723-3 2MI 06*7 83*7 15*7 IM7 12*7 17/17 IM7 11*7 DM7 MSC RAFAELA 9724-3 I 2MB I 11*7 IM7 13*7 22JV 23*7 11*7 2447 17*7 u IM7 NOR SINGA 9725-3 12*7 IM6 17*7
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    • 523 32 LINE Tils MM3M PAX: *****37 1 MUARA 1 LABUAN vosa vot m» iu vtssa wr ire ru SPOK MJAIA SFOtf IM JPtOSPB VI4C/V7 SID 70/96 J PtOSPB VI«/»7 SU 21/04 APM.GU3RT VI 23/0* 25/04 AfMGUMY VIH/»7 22/04 24/04 imSPR Vl«/»7 24/04 21/04 JPtOtfa VISC/V7 24/04 M/M APMGUXY VI4E/07 01/07 04/07
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  • Page 33 Advertisements
    • 1244 33 Ivmr voy am poo pkq hn jkt ba bbc MAN QHBYAJMAT PJL-1238 21/00/67 01«7/«7 ■UN YAMM PJL-1226 10/05/97 20/08/97 hun iinam pjl-1240 oa/oe/97 03/00/97 09/00/97 19/00/97 17/00/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN. AF-EMU KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN A GEORGIA VIA
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    • 1243 33 anf 1 A|V M fljV M MLiUIII imMMKIiiRVa |J Mama (ii mftQß (14 iWD J ISWGAPOtrS GBtBUU.AGOfTS: *SNOfTONWAY TH: *****00 FAX: 2****** OUTWAtD (l/l) *****01 JOHOttOTOO: I COSTAR SHIPflNfi PTE LTD «17-oooosmdg sales/bkgs 420 sm 1/43 inwako dept <o/o) *****15 COSTAR AGENCIES (M) SDN BHD q NO; *****H0000M TOWH TWO
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    • 431 33 f/J-iIPERKAPAT .AN DAT ZHITN jgfy TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 /KWCMH+fASTUT TWJMSH/ MtUUtA-HtMHUTY KM*/ /MO CM MIM+MBKATtB A lews '755 21/04 GIWI ***** 20/04 GWUAT A 5257 22/04 GJGI 9749 22/04 G«GI 9749 22/04 OHOCI 9713
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  • Page 34 Advertisements
    • 1341 34 EiHwtjw/icAiiDiiiiiwwFwmwwiimm SGP ROM ANW KBG THP ZEE LHV LHV THP ROM AMW HM PKL UP i. RACER RW-417 21/ M 11/07 IM7 IM7 IM7 15/17 11*7 1.6 LAM OUR RE-K1 2VM IMS 27/H 2MB IMB 23AS 2MB ■E. REACH RW-814 2MB 18/B7 2M7 IM7 21*7 22/07 23/07 E. GARLAND RE-MI
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    • 871 34 Iss Els aS*s a aa a ST sssaaaaaal UNCOKMO *****3W 03/07 IVO7 13A17 14/07 IS/07 14/07 IW 17/ V UN OMHUtO *****7* 14/04 17/ M I jJ/5 I Shaqifr via Oubai. Muscat (Mina Qaboos) vw Abu Dhabi, ftyadh via Dwnrrwn I I US? *o™* w B^^TC^IM I C 174-00*€ n/H
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    • 407 34 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA ttSSB I VOT I SI I HI I I (FT WMWWIUS OTPS 21/fr Hjl w w OISS 77/04 H/B7 11/t7 lU7 jymfBKBS DISS 15/B7 IMF H/17 mmiQUBI Bis 13/17 n/D7 3M7 M/ 17 mraimig oits 27/17 imi iyw "Mimwws WIS 07/
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  • Page 35 Advertisements
    • 695 35 BSfl n MYANMA \SBBk FIVE STAR UNE W (Myonmor National line) Loadiag far Yaagoa (Rangoon) VfSSfi VOY SIN PUG MM fGU PABAN M4W SID PaWH 141W 28/0* MALAYSIA AGENTS: BOUSTUU) SHIPPING AGENCIES ML rn 02-03-*****00 PKL TH. 01-03-37*4101 POt m 01-04-*****02 PGO: TEL 02-07-*****21/4 BANK LINE (A tfvk» ktittw W<ir
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    • 1225 35 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKGU *****32 [VPSIL I VOY U" 1 UN|RlB|ABl|llAB|ll |m HYMGMNfSS J4SW 22/04 I 49/47 14/47 12/47 12/47 I J/47 15/47 HY4AAON IO7W 29/44 I 14/47 17/47 19/47 19/47 20/07 22/07 HYUVfIOR 304W 44/07 I 23/07 24/47 24/47 M/ 07 24/47 29/07 NY
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    • 517 35 FAMOUS CONTAINER UNES JIP 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) Accepting shipment to r/ 1 EUROPE/ T) MEDITERRANEAN Jj ffi\ SCANDINAVIAN M| J ports daily I Pofaknd 1 V France We make Sure Our Standards Never Change For more details please call for Joanna/Nolly *****33
      517 words


  • Page 37 Advertisements
    • 47 37 To retrieve more schedules, just follow these simple steps... document 740-6000 tep be the port filter your Step Step key in the four hone number AJf I digit code Key in your Example: r-L fax number To NEW YORK (NYC) 2275 for calls within Singapore vrwwocHaws i
      47 words


  • Page 39 Advertisements
    • 415 39 w-UyicuFa V 'NlDlCfll S«rvk»* to Caribbean Central America AfIIHAIAND IAPIPHUPPMES 014E OI4E Port Country 25/06 02/07 Belize City Belize 29/07 05/08 Bridgetown Barbados 01/08 08/08 Cartagena Colombia 31/07 07/08 Cosines S». Lucia 31/07 07/08 Fort da France Martinique 01/08 08/08 Freeport Bahamas 27/07 03/08 Kingston Jamaica 29/07 05/08 Portea Pitre
      415 words
    • 1076 39 ADVANCE CONTAINER LINES (PTE) LTD /V I 140 Oac« Straat, #12-00, PIL BuHMng, Singapore *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL —CR NO. *****M0000E EANCKOI UJUMJI frummmtmmw, m—phmr.ii—»»lp<) (4 umeg/wen ycccn VOY cfj |irv uj VfSSft VOY MN MOf SN nl 91/QA Sn. IASOA M/Q6 lA|AZA> lUTC2I
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    • 715 39 waan ii ¥0Y mt jep pod ieh ham htm t>«» awr WUgQEOEMMA HMW WW OW OXO7 ~~WoT~ 16/07 WO7 ~1«07 2007 MXECrORKIN TOW 30W I<*o7 12AJ7 2V07 22/07 Hot »07 »07 vbxeoevha vaow Q*C7 IWO7 wn zrm mm yarn ~3vor oi/oe MLLEQgCAPBJLA T2IW 13/07 23*07 2M>7 03/06 04/ M OVOt
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  • Page 40 Advertisements
    • 884 40 ■AII.KOIt I PT KILAWO VESSEL VOY sm BKK VESSEL VOY BJN PKL XETHABHUM 206N Thu In Pt Sun 22AM BUNQA SERQJA 7136 Thu |m Pt W NANTABHUM 360N Sat 21/06 Tu. 24/06 B.MAS ENAM 7511 SM 21/06 Sun 22A* ANAN BHUM 71N Sun 22AM W«d 29/06 JARU BHUM 7366 Sun
      884 words
    • 558 40 1 PUL INTERNATIONAL 4paaiiil4*» y J™" """n ICM *1 mH| Mts 1 nm\Ft) I n/Mi B m%4 d flmniDH —wr I ITvC w I llvS MB 11/5 BP 9714 I M/S fc I |y/B I 111 3oTS| MM. palM laT I |j/M |B I a/B 1 ffl I ffW I
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    • 652 40 1 XICCORO fl SHIPPIWQ RTE LTD m:*****34 (40 Uw—) PAX > 2HM44 POriliM W|J»7>»> m Wk OWCT ACCSSS TR s *****57 (UVOOT BOOKMO) *****07 (PWW OOCI *****04 (MW9QOT) mmi44t i4U*B ffljMfV7o FOrr msmlpow imin POtT rasw potr mm (FAR EAST) (INDIA) (EUROPE OTHERS) (USA/CANADA) JAUfififlS IHfl 7VM 60THBMWC 23/04 JIZM
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  • Page 41 Advertisements
    • 439 41 /0\ SINO EXPRISS SHIPPING f 11 COLLYER QUAY *06-01 THE ARCADE rSINOTRANSI 8 (*****7 J.TEL: *****00 FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) YESSa VOYA6E ETA SIN ETAHK6 ETA SHA 6000 Wai 9716 20/06 25/06 29/06 GOOD LUCK 9716 27/06 02/07 06/07 I NEW HAIHUNG 9704 04/07 09/07
      439 words
    • 208 41 BEWS*W2)MF SjßbMim?^aS«lO ft KfLAHflfe (M) mifTT JKT.gI)«OHrHPN:(»I)m« EX PORT KELANG TO HONOKONO MV "CHOYANO NOORUS" V.724N ETA PKG 22-6-97 BKO CALL: HIKW/ VIVIIN/CHKIYL TMI (03)*****77 BRftBAHE/SYDMEY/MEISOURHEI AUCKLAND MV "A. IN lIVMM" VOSS MV "PMMANTII SUUT V2IS ETA SIN: 28-6-97 ETA SIN: 27-6-97 FREMANTIE MANILA ~j MV "H. JAVA* V.7JOS MV
      208 words
    • 139 41 |MJ|||P|P||P|Bk MsEA CONCERT 25/06 30*)6 RdnVAtw/UK/Nan I ■SAMMI FORTUNE 01/07 06/07 RdnVAtWUK/Nan I Loads EJW. Malaysia. Indonean I ■SAMMI FRONTIER Hodeidah/Jeddah/Aqaba/Egypt I ■AG4ASOFIA Dubai/A.DhabVßata*n/Dvivnvrt(uw*t I ■leopard 1 AdarVJeddah/Aqaba/Hodaidah I ■K.KALKAVAN Jeddah/Aqaba/Egypt/Aigaria I loads Sngapors, EAV. Malaysia, Indonaaw I IM ■PANOUEEN Los Angotos/New Qrtean/CharteatorV I Norfofc/Cwndan I loktemakSOY Loa Angelas* law
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  • Page 42 Advertisements
    • 401 42 Shipping Times -Business Centre 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" 1 n key in Document Code Key in
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    • 280 42 0010 Products/Services Turnkey Factory Automation System <» ...<f <> <"f^ Automated Storage and Retrieval System '-„A' I jkj| Automated Guided Vehicle System (AGV) W&a #o^^ LIACI MIT" J ■■Bffi^E^EHl^* fcjjir r K| Multi-storey warehouse: Avwu# 13 P. 10,000 square metres currently available (1,800 to 2,000 square metres per floor) Close
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  • Page 43 Miscellaneous
    • 122 43 LEGEND: R Thunderstorm Temperature *C 1 Show#r Weother —X Wmd direction with speed m knot* Jj**. Wove height Cloudy Sky Surfoce winds ere indicated by arrows whidi Hy wttfc the wind One hJ circle represents colm or light and vonobte winds J__» One hoH Heche represents 5 knots I—» One
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  • Page 44 Advertisements
    • 246 44 I ASIA WESTBOUND RATE AGREEMENT II I (A REGIONAL UNIT OF THE FAR EASTERN FREIGHT CONFERENCE) II I WESTBOUND RATES ASIA/NORTH EUROPE II I At the FEFC Principals Meeting today in Tokyo, Principals reiterated their firm resolve 11 I to continue with their previously announced rate restoration. II I In
      246 words