The Business Times, 22 July 1997

Microfilm: NL20798
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet: http://www.asiaJ.com.sg/biztimes TUESDAY, JULY 22,1997
    12 words
  • Article
    MARKET SUMMARY
    48 1 *1 btookp U 1101.71 (+19.23) M IT Mi (+13.78) ■JIABVmt i UJKCOKP 1JBU7 *L1l mm HANG SENG 1USU9 H I 9 SCTINOKX M JAKARTA COW _JtL4t -1LM MANILA OOMP —UttJ4 MJt TAffH WH US8.77 +«i47 shnjloomp mn -m CUBA CHINA B IJSiJt iM AUSTAU-0«D_Wi DOW 5S
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  • Article
    FINANCE
    48 1 U8» 1.466 I I J U78— I46t OH MW 0L8I8 TBMH UK LH7 m tat iw BKI 1129 tm lAifr in o.®49 RORAHIW UK UN fflMMWr— 144 JAKARTA Z... 18.W BANGKOK ItS NAffiLA 11» ■HQKDNQ 8.76 TSPB m 8YMEY U» TOKYO S.M SWOL 12.75 (Source: NatWest Bank)
    48 words
  • Article, Illustration
    Lock icon Rupiah is next to tumble, down 5.5% to new low
    406 1  -  Traders cite options players catting losses, unwinding of portions on yield considerations By] Larry Wee [SINGAPORE] A 147-rupiah or 5.5 per cent plunge to an all-time low 0f2,655 rupiah per US dollar yesterday marked the Indonesian currency's turn to be
    Source: Reuters; Source: Bloomberg; REUTER  -  406 words
  • Article
    S'pore stocks rally as export growth exceeds expectations
    357 1  -  STII recovers lost ground to end L 4% higher at 1,960.75 By R Sivanithy [SINGAPORE] Local stocks yesterday registered one of their best performances in recent months, following news of a better-than-expected 8.8 per cent growth in June's nonoil domestic exports. Brokers
    357 words
  • Article
    Lock icon Dow down 5.8 at 1pm EDT
    83 1 Reuter [NEW YORK] Wall Street shares were weak in early afternoon trade yesterday, still battling profit-taking in tech and large-capitalisation stocks and nervous ahead of a speech by Federal Reserve chairman Alan Greenspan today. The Dow Jones Industrial Average was off 5.80 points at
    Reuter  -  83 words
  • Article, Illustration
    Lock icon Are the bears crying wolf again on Wall Street?
    707 1  -  I NEWS FOCUS I Or is Dow set for a fall, asks Andrew Marks Andrew Marks [NEW YORK] THE Dow Jones Industrial Average continued its historic ascent last week, barrelling through the 8,000 mark, but some are worrying that the good
    Source: Bloomberg  -  707 words
  • Article, Illustration
    Lock icon Electronics powers 8.8% rise in non-oil exports
    565 1  -  Jane figore partly dne to low ?6 base, bat electronics recovery has begun, says TDB By, Andrey Tan [SINGAPORE] Led by strong growth in electronics exports, Singapore's non-oil domestic exports rose 8.8 per cent in nominal terms in June, the best showing since
    Source:  -  565 words
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      104 1 mmiiu WW Members of Parliament yesterday joined the business community in dissvpointment that there was nothing in the latest government budget for the non-financial sector, P|2 v. i N GSB* tenant China Strategic Holdings (CSH) is poised to gain control of HK-listed Siu Fung Ceramics with an offer to underwrite
      104 words
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      Page 1 Advertisements Column 2
      8 1 Footato dlw— on Wall St nerves, Pg 11
      8 words
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      Page 1 Advertisements Column 3
      90 1 t' t r -'v.. The Mauboussm Jewellery Chronograph watch IBK white gold with crocodile strap IVIAUBOUSSIN since ifi 2 7 EXCLUSIVELY AVAILABLE AT: ROY EASTERN WATCH #01-86/88 #01-74 Lucky Plaia 304 Orchard Road Singapore *****3 Tel: (65) 734 31 39 A (65) 734 1 935 DELUXE EASTERN WATCH #01-18/20 Centtrpoint
      90 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      MPs disappointed by Budget's inaction on business costs
      608 2  -  YESTERDAY IK PARLIAMENT But they hope for tag-term measures te boost non-financial L aectors by year-end Chuang Peek Ming MEMBERS of Parliament j tobied the business communij tfc'in expressing disappoint- ment at the lack of tax incenf tives for sectors other than
      608 words
    • Article, Illustration
      Lock icon Prince ready to endorse Ung Huot at Asean talks
      599 2  -  But minister must not represent Him Sen govt Ranariddh Reports by Yang Razzali Kassim OUSTED Cambodian First Prime Minister Prince Ranariddh said he will endorse Ung Huot as his country's observer to this week's Asean meeting if the foreign minister does
      CHRIS LOH  -  599 words
    • Article
      Ranariddh urged: Don't let history repeat itself
      290 2 PRIME Minister Goh Chok Tong said the crisis in Cambodia is undermining international efforts since 1991 to bring peace and stabUity to that country. Expressing regret that the efforts of the 1991 Paris Peace Conference, which led to a power-sharing government, was being
      290 words
    • Article
      Compaq offers new distribution model, cuts business PC prices
      328 2  -  By Raju Chellam COMPAQ Asia-Pacific yesterday announced a new distribution model aimed at delivering customised computer products to customers, as well as slash inventories of systems at both Compaq and its dealers' shelves. It also announced three new computer models under
      328 words
    • Article, Illustration
      M2 up 11.7% in May
      272 2  -  EYE ON TBE ECONOMY Finance Byi Clarissa Tan M 2, the most common measure of money supply, saw sustained growth of 11.7 per cent in May. The May year-on-year growth is the same as in April and just a shade below the March growth rate
      272 words
    • Article
      HPL in four-party consortium buying Forum for $359m
      402 2  -  Ottara are Ayala, UK property giant Grosvenor, SC Global By, Jenny Lam A FOUR-party consortium, which includes UK property giant Grosvenor Estate Holdings owned by the Duke of Westminster, has finalised a deal to buy Forum The Shopping MaU in Orchard Road
      402 words
    • Article, Illustration
      Lock icon S'pore packaging firms not upbeat about business improving in '97
      350 2  -  By Tan Su Yen LOCAL packaging companies on the whole are not upbeat that business prospects this year wUI improve significantly, with smaller concerns being hit by falling sales because of the electronics slowdown, a recent survey revealed. The survey
      Source:  -  350 words
    • Article
      Corrections and clarifications
      38 2 A REPORT last Friday said that Singapore Telecom was one of the sponsors of Direct Marketing Asia *97 exhibition and conference. This was based on wrong information supplied to us. The sponsor is Singapore Post.
      38 words
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      230 2 CURRENCY BOARD SYSTEM SYMPOSIUM '97 fkIUOABAnt •'Vbnue: Singapore International Convention And Exhibition Centre J OlnuArUnC Date 30September *97 r Once a common arrangement mainly in A Stop-Gap Measure ■miuji.i.irij.-ud.M the British colonies, currency boards were jft m.m SA- abandoned from the 1950s onwards, in favour OP INI©O©SSI*y O WllSt IllSkeS
      230 words
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      7 2 Ase&n has to tread carefully, Pg 5
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      325 3 Centennial tower *1 'Singapore' by lames Rosenquist at North Lobby of Centennial Tower ci' >*■< J, HERE MAN'S GENIUS 1 a .l *i O V" I ti iC I INSPIRES MAN'S INGENUITY H:s:v JhN 1,1 l( i i! v in ■•i!»v in tit J|if Hin mi jnig ••Ir "Inspired works
      325 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Work starts on the SEC but uncertainties remain
      720 4  -  THE PROPERTY column Shareholder approval and ownership of a penthouse could stand In the way of the development By Lee Han Shih WORK on one of Singapore's most unusual property projects is now underway. If all goes well, in three to four
      720 words
    • Article
      ERA expected to regain HDB listing
      482 4  -  Agency is likely to be back on HDB scheme in 3-6 months By Abdul Hadhi [SINGAPORE] ERA Realty Network's absence from the Housing and Development Board's (HDB) Listed Housing Agents Scheme (LHAS) is unlikely to last more than 3-6 months, say property agents. Most
      482 words
    • Article
      S'pore Crocodile building up for sale by tender
      245 4  -  By i Chee Jann Perng [SINGAPORE] Clothing manufacturer and wholesaler Singapore Crocodile Pte Ltd has put up its former three-storey head office at Neil Road for sale by tender. Marketing agent Colliers Jardine said yesterday that the company expects the freehold property
      245 words
  • Page 4 Advertisements
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      306 4 YOUR OWN DESIGNER BUILDING AT NEWTON/SCOTTS AREA IMIB|B R* High traffic, excellent frontage showroom; 2 levels of spectacular offices; 4 international style apartments/office suites with park view. High quality finishes. Naming rights on the building. A UNIQUE INVESTMENT For lease or purchase, contact Jean Tay LOT 2-46 2-47 133-1 133-2
      306 words
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      Page 4 Advertisements Column 2
      98 4 For Lease by Tender 32-rm Hostel/ Serviced Apartment At River Valley Road Suitable as hostel/boarding house/ serviced apartment/ expat staff accommodation Total Floor Area: 14,638 sq ft 376 sq ft per room with attached bathroom Recreational facilities Tender closing: 30 July 1997 3pm I •»<. <t >nvu-t cxstm 1^ Land
      98 words
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      Page 4 Advertisements Column 3
      169 4 Enbloc Apartments/ Residential Site Off Newton Road Strategically located along Surrey Road, within an established residential area. Site Area: 7,570.3 sq ft approx Freehold tenure; plot ratio of 2.8 9 Proximity to Orchard Road, good schools, amenities and Novena MRT Station. h- Closing date of tender 12 Aug 97 (Tue)
      169 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Larger Asean could pose challenge to cohesion
      516 5  -  ASSAM MlMlSTKHlftf. MKLTIMU Yaan minister says group must work hard to maintain consensus in face of diversity Reports by) Ronnie Lim m Kuala Lumpur ASEAN's enlargement, with the admission of two new members, Myanmar and Laos, tomorrow and Cambodia later. could pose some
      AFP  -  516 words
    • Article
      Asean has to tread carefully on Cambodia issue
      639 5 Group willing to help but only if all parties want that AN empty seat in what originally was to have been a party for 10 here will be the focus of attention of Asean foreign ministers in the next few days. Even
      639 words
    • Article, Illustration
      Lock icon Hun Sen to Asean: Let Cambodia join now or forget it
      450 5 MANILA Reuter AFP CAMBODIAN Second Prime Minister Hun Sen told Asean to admit his country as a member by tomorrow or "forget it", Philippine Foreign Secretary Domingo Siazon said yesterday. Mr Siazon, a member of an Asean mission that
      Reuter; AFP  -  450 words
    • Article
      Lock icon KL govt to maintain fiscal surplus
      480 6 MALACCA Surpluses of past 4 years underscore govt's determination to spend within its means: Anwar Bernama MALAYSIA'S Acting Prime Minister Anwar Ibrahim said yesterday that the federal government's fiscal surplus achieved over the past four years will be maintained in 1997,1996 and beyond. He
      Bernama  -  480 words
    • Article
      Lock icon Foreign hand in Asean currency crisis?
      221 6 OKAYAMA, Japan Bernama MALAYSIA believes that the recent currency turmoil in some South-east Asian countries was a deliberate act by a foreign-based foundation to destabilise the economies of Asean countries, Prime Minister Mahathir Mohamad said yesterday. "We feel that there is some other agenda,
      Bernama  -  221 words
    • Article, Illustration
      Lock icon Cool ride
      68 6 [JAKARTA] A group of Indonesian children climbing on the wheels of an aircraft on static display, as their families take shelter from the burning tropical sun in the shade of the plane's wing, during the annual Aerosport Jamboree at Jakarta's Halim Perdanakusuma airport on Sunday. Thousands of Jakarta
      REUTER  -  68 words
    • Article
      Lock icon Thai economy bottoming out: finance minister
      236 6 BANGKOK Sign* of recovery seen in certain sectors, he says Reuter THAI Finance Minister Thanong Bidaya says the country's economic downturn may have .begun bottoming out with some signs of recovery in certain sectors. "Our economy has nearly bottomed out. Some sectors have already
      Reuter  -  236 words
    • Article
      Lock icon Siemens to spend 100m marks on Malacca plant
      186 6 BERLIN Bernama SIEMENS AG, the largest German company in Malaysia, will invest more than 100 million marks (5581.7 million) in its semiconductor production facility in Malacca. But (Urther investment in the Malacca plant, which makes 4, 16 and 64-megabit chips, was limited
      Bernama  -  186 words
    • Article
      Lock icon No plans to influence Pacific nations, says KL
      181 6 KUALA LUMPUR Reuter MALAYSIA said yesterday it has no intention of influencing other nations for economic and trade cooperation, rebuffing a secret Australian government report that suggested Kuala Lumpur's influence over South Pacific countries was increasing. "We don't want to influence them
      Reuter  -  181 words
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      89 5 There's Only One I Bank In g Singapore I yy*. ,t"- m a] '*4e ';v B1 DMs Ktiir. h„> K-iM) Ik- i 1 <•! ;he 2 iwie> that -a ere on the Ms m -jk\:a!>k ami the iVMUiue* ir.eet > vi: p.* I A NIL/ J;. mi! 111 nj! r
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      136 6 We have the perfect 1.61 car for those who aren't looking for a 1.6/ car. ».•»*>« v>(F c .c:*. |J *1' If you're tired of the usual choices in the 1.6 L category, gather your friends and family and discover the car that's designed to bring the life back to
      136 words
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      439 7 Join the campaign to conserve water. JOHN HANCOCK TOWER ARDMORE VIEW KEMBANGAN PLAZA i?sv Dfe IpH r>% v^ I ABf& H H I jT .J^HH I >5r /j*xr*&m?m s a, AIA BUILDING ANGLO CHINESE SCHOOL FORTUNA HOTEL Over 750 buildings in Singapore are already saving water with Daikin's revolutionary aircon
      439 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Taiwan developers using foreign units to enter China
      630 8  -  TAIPEI Investors#* through third country to sidestep ban on real estate investment in China By Bruce Cheesman TAIWANESE property developers are using foreign jurisdictions as a conduit to sidestep a ban on real estate investment in China. Taiwan's top property developers, spurred
      630 words
    • Article, Illustration
      Lock icon China electronics output at record US$3b
      241 8 BEIJING AFP CHINA'S electronics industry posted a record output of US$3.2 billion (554.7 billion) in the first half, a leap of 21 per cent from a year ago, the China Daily said yesterday. According to Liu Jianfeng, vice-minister of electronics, industry profits surged 22
      AFP  -  241 words
    • Article
      Lock icon China investors hold cash after stock crackdown
      375 8 SHANGHAI Bnt brokers say limited avenue far investment will draw back speculators v Reuter CHINA has effectively chased gfJßculative funds off its two bourses and many Investors are now holding cash while they search far new opportunities to reap good returns, bracers and
      Reuter  -  375 words
    • Article
      Lock icon Merrill Lynch files writ against Wallace
      155 8 HONGKONG AFP MERRILL LYNCH International Bank has filed a writ against a former employee, seeking to indemnify itself against any faU-out from a multi-million dollar fraud enquiry in Hongkong. Kevin Wallace, 46, a private banker who had been operating for Merrill Lynch in Singapore
      AFP  -  155 words
    • Article
      Lock icon HK gears up to host World Bank-IMF meeting
      352 8 HONGKONG September event seen boosting HK status jus intl business centre AFP HONGKONG is setting itself on a combat footing to accommodate, feed and protect 12,000 VIPs and other dignitaries attending the meeting here in September of the World Bank and International
      AFP  -  352 words
    • Article
      Lock icon Teng-hui refutes claims that reforms aimed at seeking independence
      277 8 TAIPEI AFP TAIWANESE President Lee Teng-hui yesterday refuted Beijing's allegations that the aim behind constitutional reforms launched here was to seek independence. Mr Lee also pledged to reshuffle the cabinet soon to fit the new government structure approved by the national
      AFP  -  277 words
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      189 8 WH EN SSftaafclsla: -&-;agw *h TO LEAVE i ALONE. r i^ani Contemplate the day in the serene comfort of our plush Living Room, unperturbed by the rest of the world. §§|yer Quietly confident that an unparalleled level of service is only a gesture away. M o T t In fact,
      189 words
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      Page 8 Advertisements Column 2
      93 8 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 Pull nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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  • ASIA
    • Article
      India ban on direct to home broadcasts hits Star TV hard
      515 9  -  NEW DELHI Murdoch's dßdali claim gsvtlwwed to pi ouure from lical broadcasters By Rajendra Bajpai THE Indian government's decision to ban direct-to-home (DTH) television broadcasts is a big blow to Rupert Murdoch's Star TV, which has invested millions of
      515 words
    • Article
      Lock icon Hanson hurting Aussie trade, say Asian businessmen in poll
      334 9 SYDNEY But IHfffiFMiww rfiwAt k Ikra Under dismiss survey findings Reuter SOME of Asia's top business leaders believe Australian race row politician Pauline Hanson is harming AustraliaAsia trade, according to a newspaper poll published yesterday. But Australian business chiefs dismissed the
      Reuter  -  334 words
    • Article, Illustration
      Lock icon Sliding out of the heat
      57 9 [TOKYO] A couple enjoying a waterslide at an amusement park in Tokyo on Sunday. More than 30,000 people fled here to seek refuge from the heat wave, with recorded temperatures in Tokyo soaring over 30 degrees Celsius. Meteorologists announced on Saturday that the rainy season
      AFP  -  57 words
    • Article
      Lock icon Japan banks hiding misconduct may face heavier fines
      326 9 TOKYO Govt molting penalties for management after DFltmiiil iifwli AFP JAPAN is considering sharply increasing fines for banks that conceal misconduct following a loan scandal involving Dai-I-chi Kangyo Bank Ltd (DKB), it was reported yesterday. DKB, one of Japan's biggest commercial banks,
      AFP  -  326 words
    • Article
      Lock icon N Korea's Kim Jong II calls for peaceful reunification
      310 9 ■TOKYO Pyongyang will live up ti pledges ti improve ties with US, he says Reuter NORTH Korean leader Kim Jong n has called for the peaceful reunification of the two Koreas, the country's official media reported yesterday. The state-run Korean Central
      Reuter  -  310 words
    • Article
      Lock icon Kim's party picks judge to run for president
      276 9 SEOUL Reuter AFP [SEOUL] Former supreme court judge Lee Hoi Chang has won the South Korean ruling party's nomination for presidential elections in December. Mr Lee, who built a reputation as "Mr Clean" while serving as a judge, had earlier been asked
      Reuter; AFP  -  276 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      169 9 Quarterly Magazine (4 issues a year) 1 Veer SS3I 2 years Sss9 I Quarterly Magazine Asian or Global Funds Analyses 1 Vear SS69 2 years SJI29 I (6 issue* a year) I (2S&EQ Quarterly Magazine Asian and Global Funds Analyses f Veer Ss9s 2 Vfcers Ssl76 I (8 issues a
      169 words
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      Page 9 Advertisements Column 2
      148 9 Advertising on television can have quite an impact on ths public, and thafs usually on screens 15" to 30" long. Just imagine then, what kind of impression advertising can have when the screen is the size of a 2.5 double storey shophouse (14m X 11m). Thafs what we offer you
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  • THE WORLD
    • Article
      Lock icon France ups taxes on big firms to cut public deficit
      595 10 PARIS Moves aimed at qualifying for euro win Germany's endorsement Reuter Bloomberg FRANCE'S left-wing government slapped higher taxes on big business yesterday to bring down this year's public deficit after an audit showed it was running weU above the target
      Reuter; Bloomberg  -  595 words
    • Article
      Lock icon UK firms face euro switch in 1999
      264 10 LONDON FT MANY UK companies may be forced to switch much of their billing and payment systems from sterling to euros in 1969, whether the UK joins monetary union or not, according to Barclays Bank. Several UK suppliers have already been warned by
      FT  -  264 words
    • Article
      Lock icon Arafat urged to sack ministers after probe
      211 10 GAZA CITY AFP A SPECIAL commission looking into corruption in the Palestinian Authority yesterday urged President Yasser Arafat to dismiss several of his ministers and senior bureaucrats, officials here said. "It is not only a waste of money, it goes well beyond that,
      AFP  -  211 words
    • Article, Illustration
      Lock icon Oldest warship back in action
      78 10 [OFF MARBLEHEAD, MASSACHUSETTS] US Navy Commander Rob Drake frames the USS Constitution in his salute as he and the crew members of the USS Haty burton, a guided missile frigate, render honours to "Old Ironsides" as she sails while tethered to a tugboat during trials
      REUTER  -  78 words
    • Article
      Lock icon Global mergers, acquisitions at record high in first half: KPMG
      260 10 LONDON Over USsl3ob in firms new target Bloomberg MORE than US$l3O billion (SIIBB billion) in cross-border mergers and acquisitions were announced in the first half of 1997, a 9 per cent increase from a year ago and a new half-year
      Bloomberg  -  260 words
    • WORLD Watch
      • Article
        Lock icon Iraq keen on disarmament
        48 11 AFP [BAGHDAD] Iraq vowed to make a fresh start and cooperate with the UN as new UN disarmament chief Richard Butler flew in. Mr Butler called on Iraq to help his Special Commission, tasked with disarming Baghdad, work towards lifting seven-year-old UN sanctions. —AFP
        AFP  -  48 words
      • Article
        Lock icon Mir crew may not do repairs
        60 11 Reuter < [KOROLYOV] Russian space officials met yesterday to decide whether the three weary men on the damaged Mir space station or a relief crew will carry out dangerous repairs. All indications were that the crew involved in the June 25 collision that took
        Reuter  -  60 words
      • Article
        Lock icon Israel to send adviser to US
        46 11 Reuter [JERUSALEM] Israel's Benjamin Netanyahu will send a senior adviser to Washington with proposals to end a tour-month-old peacemaking crisis with Palestinians. "We are working jointly with the Americans and we have some bridging ideas," a spokesman quoted him saying.—Reuter
        Reuter  -  46 words
      • Article
        Lock icon Serbia moves towards reforms
        52 11 Reuter [BELGRADE] Serbia's parliament is discussing a landmark privatisation bill whose adoption would pave the way for a market economy and set up the ownership structure in almost 5,000 medium and small companies. Serbian Prime Minister Mirko Marjanovic said the bill was a part of comprehensive
        Reuter  -  52 words
    • Article, Illustration
      Footsie dives on Wall Street nerves
      373 11  -  LONDON Market worried rising pound, interest rates may cause recession By] Neil Behrmann THE London stock market plunged yesterday because of fears about Wall Street and growing concerns that the high pound and rising interest rates could cause recession. The FTSE 100 index of
      373 words
    • Article
      Lock icon Investment banks deny sharp losses in UK equity trades
      355 11 LONDON Reuter INVESTMENT banks have denied that they are smarting from sharp losses after a surge in British share prices caught them short on certain derivative deals for retail investment products. Insurance companies and other fund management groups which offer stock
      Reuter  -  355 words
    • Article
      Lock icon Substantial devolution for Scots in UK White Paper
      256 11 LONDON Reuter THURSDAY'S White Paper on government proposals for a Scottish parliament will offer "a substantial measure of devolution" to people north of the border, Prime Minister Tony Blair said yesterday. Interviewed on BBC radio, Mr Blair said the proposals would give
      Reuter  -  256 words
    • Article
      Lock icon France, Spain to jointly fight terrorism
      238 11 IBIZA, Spain AFP FRANCE and Spain agreed yesterday to strengthen cooperation in the fight against terrorism, as ministers from both countries met here for annual talks paving the way for a summit later this year. French Interior Minister Jean-Pierre Chevenement announced a forthcoming seminar
      AFP  -  238 words
  • Page 10 Advertisements
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      166 10 1' 1 '1- r #0 DINE WITH CHEF RETO MATHIS THE CELEBRITY TOAST OFSTMORITZ. OYBTE R B R Any day from 24 July Meet Reto Ma this, and famous and owner qf the Xkrrviglia'' St be displaying his dazzling Harbour GritL Mathis comMnei methsds and recipes with modern creative touches
      166 words
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      Page 10 Advertisements Column 2
      3 10 haven', Pg 20
      3 words
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      Page 10 Advertisements Column 3
      474 10 Eg! TIME-OUT OR TIME m Si RUNNING OUT, FOR SSB THAILAND? i sjfl <£Ptesentiny... {M A RiiMltible n Financial ail Rial Estate livistient Opportunities H Tkailaal Sat 23 Aug 97 Hilton International Singapore 8.00 am 4.00 pm Plus... Welcome-the-Thais Reception Fri 22 Aug 97 Hilton 6:00 pm 10:00 pm SPEAKERS
      474 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      102 11 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf First Capital Property Management Pte Ltd sr ißr (A member of First Capital Corporation Group) Tel: 437 6817/437 6853/534 3132 Fax:
      102 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Doomed: US bid for new treaty with Manila
      708 12  -  OPINION THE BOTTOM LIMB By Al Labita The writer is BT's Manila correspondent THE United States, it seems, wants to stage a comeback in the Philippines. Lately, Washington has been pressing Manila for a new type of bilateral security arrangement The US
      708 words
    • Article
      IN OTHER WORDS
      151 12 'Woolworth died long ago, it just wasn't buried' -KnrtßwMri a retail marketing newsletter publisher, after US Woolworth Corp said it will close its unprofitable F W Woolworth stores and fire 9JOO workers, shuttering America's last major dime-store chain and ending an era in retail history. 'I'm not
      151 words
    • Article
      Fighting over Boeing's merger
      617 12 EDITORIAL IT has all the makings of a geo-economic conflict, the kind we can expect in this post-Cold War era where business concerns dominate international relations. As the rest of the world holds its breath, the United States and the European Union are preparing for a
      617 words
    • Article, Illustration
      Lock icon Lawsuits seen as test for Hongkong judiciary
      910 12  -  Court cases against SAR's Immigration and Reunification Acts will be closely watched By Loh Hui Yin The writer is a BT correspondent in Hongkong JUST three weeks in office, the new Hongkong Special Administrative Region government is facing a raft of lawsuits. Their
      FILE PHOTO  -  910 words
    • Article
      Asians should avoid Australia
      296 12  -  MAILBOX Patrick Ngai THE anti-Asian sentiment is running high in Australia and getting more violent. Two recent studies found that 50 per cent of Asians in Australia had been physically assaulted in the last two months and Australian youths were getting more violent. (The studies were
      296 words
    • Article
      WHAT THE OTHERS SAY
      505 12 THE European Commission is due on Wednesday to decide on the proposed merger between Boeing and McDonnell Douglas. According to EU officials, only a miracle... will prevent the deal being vetoed on competition grounds. If no such deus ex machina emerges, there is a grave danger
      505 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      23 12 POOMESBDET By Garry Trudeau Ym,KJM.H ten*?-a chqnceact on m/WMm i7WUSw 1 HI OURPONOPUSHE&,MIKB, I *^2.1 ABOUT I wrrre. I I ToeerjHZM&SAGeour, you, lueowrf
      23 words
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      Page 13 Advertisements Column 1
      275 13 Where to wine, dine and entertain... t tssstir Gi S^^ to Cl S i t ays htt ://www.ana-kotels.com Not just aeafood either. Vint our home page and you can order tonight'* dinner from our cyber (election. Browae through the menu, leave ua your order and it'll he ready to pick
      275 words
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      Page 13 Advertisements Column 2
      226 13 rs* m APOUOHOTEI 14TH TO 87TH JULY '97 KINTAMANI INDONESIAN RESTAURANT Lunch :18.00 pm 9.30 pa Dinner: 6.30 pm -10.00 pm IL^ ll— <% All pnccs nibuxtlo 10% Krvio: ckarsc. oca* and GST For reservattoas, call 713 2081 ext 463. VnMn 405 Havdocfc Rend. Singapore 1696)1 MM Td (65)733 2011
      226 words
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      Page 13 Advertisements Column 3
      198 13 I Bar, for traditional English tea or an evening of drinks. Happy Hour runs from spm to 8.30pm with 50% off on drinks. The Ethereal ----entertains nightly (exetft Mondap). m HTM CROWN E PLAZA" IKMHtI Oftnfmm Hum m Imm em mUmmaiitm m mM Ftr fttmt cat 73 J 7933 25
      198 words
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      Page 13 Advertisements Column 4
      202 13 SINGAPORE BUSINESS Giving you the winning edge Hilltop Lounge invites you to partake in an exquisite experience, long associated with style and class, with its Black Label Whiskey Special. onlv EBSESSSSB 120 nett mmmimSßM per limi BOTTLE i miiiitnn«i*>ag won emainnni A SOUTH AFRICAN 1 I *Wb ADVENTURE AT I
      202 words
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      Page 13 Advertisements Column 5
      78 13 24-hour Ceffe* House lit floor The Chicken Rice Capital Of The World 333 Orchard Road. Singapore *****7. TeL *****11 During our upgrading, our dolidous Buffet Lunch wfll continue to bo sorvod in our temporary CoWii Houso, noxw motnix 12 noon to 2:3opm ovory day Adult $15.00* Child (baiow 12) $10.50*
      78 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      725 13 TV&BADIO ver (See Our Choice). MO Berita 12 (News). j JtUlilJTnTnn^^ L4O AM Remington Steele 830 Gempa TV. JJJ PM TV Innovations. Red Holt Steele. ISO Zimfoni. IK r? w MO By Demand UMW Japan Hour Weekly Mom* Money Money. 3JS The Three Stooges Wee News. 3-3° How Succeed In
      725 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      237 13 cryptic crossword 6 Lowest ranks' pay? It hasn't been earned (7,6) I I I 1 I 1 I 1 I 1 I I 8 Outlaw makes appeal to group make longer (8) j®! 10 One about to show temper (3) 11 Give excitement, up to about an 12 TV programme
      237 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Qian's son on his coming to America
      827 14  -  Qian Studying in an objective chronicle of the lives of Chinese students in the US, says Patrick ttler PATRICK TYLER NYT AT a time when many of the best-selling books in China promote the idea of standing up to the United States, or
      NYT; FILE PHOTO  -  827 words
    • Article
      Lock icon Security increased for men's fashion shows
      281 14 FASHION NYT [NEW YORK] Organisers of a series of men's fashion shows which were scheduled to begin yesterday around Manhattan said on Sunday that they would step up security because some designers had expressed concerns about safety in the wake of Gianni Versace's slaying.
      NYT  -  281 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      906 14 Q CHASE THE CHASE MANHATTAN CORPORATION AND SUBSIDIARIES HEAD OFFICE: 270 Park Avenue, New York, New York *****-2036 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME Tht Chet* Criipoiallnn enrl ffiilficM—i— Th> Cheee Manhattan Corporation and SitildMM V P*c«wlnr>l, —Yea r Ended December 31j "j* C >' %> <*:- N (In
      906 words
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      Page 14 Advertisements Column 2
      7 14 Singapore Business Giving you the winning edge
      7 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      153 14 THE WEATHER atnCßporac Passing showers in the late morning, mainly over western Singapore. Temperature (33-25) hMMb BVU> OmL r I| W/W CM. ■to* Cm*. AuriUud IMB Stows AMfcrdai WIS Stowen BwotiUrm 11/08 Cloudy Baagkofc J6/28 TMm Afteos 32rtl Clowfr Eg, as S=SS sSS SS S BM _a/S4 Skdwcrs Copenhagen ltl4
      153 words
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  • COMPANIES & MARKETS
    • Article
      Oei Hong Leong poised to gain control of Hongkong's Siu Fung
      450 15  -  CSH offers to underwrite rights issue by troubled ceramics company By: Lu Ning [SINGAPORE] CHINA Strategic Holdings (CSH), under the chairmanship of Singapore businessman Oei Hong Leong, is set to gain control of Hong-kong-listed Siu Fung Ceramics by beating
      450 words
    • Article
      Ex-shareholders of Amcol continue to dump AFP stock
      442 15  -  By < Conrad Raj Sallwi denies Indofood deal means capital flight, Pg 16 [SINGAPORE] Former shareholders of Amcol Holdings continued to dump their new-ly-acquired Asia Food Properties stock, some because of forced selling by their bankers or stockbrokers. Nearly seven million AFP
      442 words
    • Article
      Electronics, building materials units hold promise for NatSteel
      527 15  -  HOCK LOCK SIEW Abdul Hadhi WITH the glut plaguing the international steel industry, one would expect broking analysts to view Nat Steel with a bit of caution. Yet, out of the 26 analysts polled by The Estimate Directory, only two BZW and
      527 words
    • Article
      DBS Bank to launch S'pore's first retail bond issue today
      574 15  -  Sesdaq trading for $24m bonds linked toTeledata By\ Siow Li Sen [SINGAPORE] DBS Bank will launch Singapore's first retail bond issue today and promises that if the product catches on, more will be on the way. The issue involves $24
      574 words
    • Article, Illustration
      Lock icon Asiamatrix up 19%, tops actives on takeover news
      472 15  -  SES said to be looking into trading pattern of Sesdaqfirm,QAF By' Tan Su Yen (SINGAPORE] Asiamatrix and QAF Ltd were in the spotlight yesterday following news of a takeover bid for the former and the latter's plan to buy over Indonesia's PT
      Source: Bloomberg  -  472 words
    • COMPANIES
      • Article
        Goldman to rank 2,000 firms based on EVA
        522 16  -  UpteiOS'ptrefirms included in global study "ring Economic Value Added method By < Clarissa Tan [SINGAPORE] Goldman Sachs is embarking on a corporate performance study of more than 2,000 companies worldwide, including Singapore firms, using the Economic Value Added (EVA) method of accounting.
        522 words
      • Article
        Lock icon Share swap with SingTel possible: Taiwan telco
        335 16 AFX-Asia Bloomberg [TAIPEI] Chunghwa Telecom Co Ltd, owned by the Ministry of Transportation and Communication, said it does not rule out the possibility of a share swap with Hongkong Telecommunications Ltd and Singapore Telecommunications Ltd after it lists on the Taiwan Stock Exchange.
        AFX-Asia; Bloomberg  -  335 words
      • Article
        Lock icon Salim denies Indofood deal means capital flight
        530 16 Inducement VP brakes off reports «f political motive AFP AFX-Asia [JAKARTA] PT Indocement Tunggal Prakarsa vice-presi-dent Anthony Salim has dismissed speculation that the sale of a majority stake in PT Indofood to QAF Ltd reflected political concerns or a desire to move capital
        AFP; AFX-Asia  -  530 words
      • Article
        Ling in talks to buy Sabah gaming firm
        246 16  -  From, Eddie Toh in Kuala. Lumpur LING Hee Liong, the eldest son of Malaysian Transport Minister Ling Liong Sik, is poised to enter the gaming sector in East Malaysia through investment company Berjaya Industrial. For starters, Beijaya in which executive deputy chairman
        246 words
      • Article, Illustration
        Econ Int'l ups stakes in Econ Geotech, Resource Piling
        232 16 [SINGAPORE] Mainboardlisted Econ International Ltd yesterday said it has entered into an agreement to buy over shares of associated company Resource Piling Pte Ltd and subsidiary Econ Geotech Pte Ltd for $1.71 million and $286,511 respectively. Econ International has paid some
        232 words
      • Article
        Lock icon Renong in talks to raise KTM stake
        120 16 Bloomberg [KUALA LUMPUR] Renong Bhd is negotiating to buy another one per cent of Malaysia's national railway company KTM Bhd from partner Diversified Resources Bhd, a senior executive at Renong's group of companies said yesterday. By adding one per cent to its current
        Bloomberg  -  120 words
      • COMPANY Briefs
        • Article
          Fesal P up 7% to$10m
          36 16 [SINGAPORE] Focal Finance posted a profit of $10 mfflkxi fcrthi six MonthscndsdJun* 10, up7Jpcrcant fhn the previous corraopoodlng period. Gross operating income ross slightly from $39. 19 million to $4UI minion.
          36 words
        • Article
          Wiang Tai buys DNP shared for
          48 16 [BINGAPORI] Wing Tai Holdings has bought 10*000 •hares ofMsls*ch In DNP Holdings Bsrhad for Msl.4 million (SS7B2,OOO).DNPi» an aseociate Arm on the Kuala Lumpur bourn. The deal represents OJS per centoTDNPe capital and Wing Tai now owne46J6 per cent of its equity.
          48 words
        • Article
          Appo to N board
          14 16 [SINGAPORE] Lionel Tseng has joined Nippecraft's board and rath committee.
          14 words
        • Article
          ST Asrespase unit raises eapital
          40 16 [SINGAPORE) Singapore Technologies Aerospace »kl wholly-owned ST Airport Ground Services has increaasd its aothorissd capital to 15 million from $1 million while associate Chanti Aviation Servioos has raissd its pai&up capital toooo,oooshares from two shares.
          40 words
        • Article
          New director at Cy & Carriage
          16 16 New director at Cy Carriage [SINGAPORE] Cyds ft Carrlstßhai sprouted Chang Has Hlang as a director.
          16 words
        • Article
          Peh Lias incerporates three units
          38 16 [SINGAPORE] ltohUanHokiinfi has incorporated three wholly-owned units—Mi Uaa Tradinc Pte lid. Foil Uan Land Pte Ltd and PohUan Development Pte Ltd. Each ha» a H million authorised capital and a t> paid-up capital
          38 words
      • Article
        Lock icon KL property firms stand to gain
        507 17 Move to relax rules on foreign buying will boost demand for od commercial AFP Reuter {KUALA LUMPUR} Selected Malaysian property companies, especially those in Kuala Lumpur, are likely to benefit most from a proposed relaxation of rules governing purchases by foreigners, analysts said yesterday.
        AFP; Reuter  -  507 words
      • Article, Illustration
        Lock icon Family ties seen causing shake-up in Murdoch's BSkyB
        408 17 NYT [LONDON] ITs all in the family. At least that is the message investors are getting about the top management succession at British Sky Broadcasting pic. And they don't like what they hear. First, Rupert Murdoch, who controls BSkyß, installed his 29-year-old
        NYT; FILE PHOTO  -  408 words
      • Article
        Lock icon Civic groups, unions in joint effort to save Kia from collapse
        448 17 'Bay Kia'campaign kicks o$ workers to fork out funds AFP [SEOUL] "Buy Kia" campaigns kicked off in South Korea yesterday as dozens erf civic groups joined hands with workers of the country's third largest auto maker to try to
        AFP  -  448 words
      • Article
        Lock icon HKSE suspends 8 firms
        101 17 Bloomberg [HONGKONG] The Stock Exchange of Hongkong suspended shares in eight Hongkong companies from trading yesterday following an investigation by the Special Administrative Region's Securities and Futures Commission. In a statement, the exchange said the securities watchdog is looking at the unusual movements in the stocks
        Bloomberg  -  101 words
      • Article
        Lock icon Globe Telecom to consider raising up to 10b pesos
        196 17 Bloomberg [MANILA] Globe Telecom is considering raising as much as 10 billion pesos (Sssl2 million) in capital to help pay for installation of fixed phone lines. Delfln Lazaro, Globe's president and chief operating officer, said the company's board of directors will
        Bloomberg  -  196 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Boeing's profit from operations soars 37%
        440 18 More jetliners delivered, but due to rising production costs, earnings fail to meet expectations Bloomberg AFP [SEATTLE] Boeing Co said profit from operations jumped 37 per cent in the second quarter as jetliner deliveries rose, though earnings failed to meet analysts' expectations because production
        Bloomberg; AFP; Source: Bloomberg  -  440 words
      • Article
        Lock icon AT&T earnings down 38% in Q2
        300 18 Spending on new operations and weak growth dampen company's profit Bloomberg AT&T Corp said second-quar-ter profit fell 38 per cent as the company spent more money to establish new local-service and wireless operations and its main long-distance business showed only tepid growth. The US'
        Bloomberg  -  300 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Two German banks plan merger
        582 19 YoraubinkAiid Hypo-Bank to join forces with Mp from insurance group Allianz Reuter [MUNICH] Germany's fourth and fifth largest commercial banks said yesterday they plan to merge, creating a new No 2 player in the German market that will rival market leader Deutsche Bank AG. Bayerische
        Reuter  -  582 words
      • Article
        Lock icon UK's Prudential in bid to save merger talks with NatWest
        365 19 Insurer lobbying for investor support to press bank to continue negotiations Reuter Bloomberg [LONDON] Britain's insurance group Prudential Corp has launched a lobbying campaign among institutional investors to revive merger negotiations with National Westminster Bank, the Sunday Times reported. Talks
        Reuter; Bloomberg  -  365 words
      • Article
        Stanchart, Barclays in clearance services deal
        198 19 [SINGAPORE] THE custody and clearing division of Standard Chartered Bank can now provide clearance services to Barclays Bank pic's clients. Standard Chartered Equitor said yesterday that it had struck a deal with Barclays, in which it will be the alternative supplier to Barclays' clients
        198 words
      • Article
        Lock icon First Union to buy Signet Banking for US$3.3b: sources
        432 20 Prteeaf mr3J> times Signet's beek value makes deal one «f the mest expensive Wg bank mergers NYT [VIRGINIA] Moving to become the dominant bank in Virginia, the First Union Corporation has agreed to buy the Signet Banking Corporation of Richmond for
        NYT  -  432 words
      • Article
        Lock icon Australia seen as post-EMU 'safe haven'
        256 20 Reuter [SYDNEY] Australian financial assets could become more attractive with the launch of the European single currency in 1999 as investors seek to diversify and perhaps seek a safe haven in the early days of uncertainty, analysts say. Major corporate lenders could have most
        Reuter  -  256 words
      • Article
        Lock icon Hong Leong in M$150m Islamic debt syndication for Hualon
        293 20 Bernama [KUALA LUMPUR] Hong Leong Bank and Abrar Discounts have jointly arranged a MSISO million (SsB4 million) Bai Bithaman Ajil Islamic Debt Securities popularly known as BaIDS to Hualon Corporation (M) Bhd. It was the first Islamic debt securities syndication for
        Bernama  -  293 words
      • Article
        Lock icon Holiday in Japan dampens trade
        188 20 m—m Report Reuter (SINGAPORE) Simex Euroyen and Eurodollar futures were glued within tight bands on meagre volume as a holiday in Japan severely dampened trade yesterday. "There's no one in the Euroyen pit. It's really been a slow day," a trader said. He said Euroyen
        Reuter  -  188 words
      • Article
        Futures close higher on moderate volume
        162 20  -  MSCI TAIWAN FUTURES -By Perry Gilbert vice-president, Refco Singapore PteLtd [SINGAPORE] The Simex MSCI Taiwan Index futures contract opened on its lows yesterday and moved higher on moderate volume. The cash index also showed renewed strength and finished 84.5 points higher at 9,833.8. The
        162 words
      • Article
        Lock icon Triton confirms extension of Bumi Field
        281 20 ENERGY BEPORT Reuter [DALLAS] Triton Energy said yesterday its Bumi North-1 weU has successfully tested natural gas from multiple reservoirs, confirming a significant northern extension of the Bumi Field on Block A-18 in the Gulf of Thailand. The Bumi North-1 is in the Malaysia-Thailand
        Reuter  -  281 words
      • Article
        Lock icon CURRENCY REPORT
        283 20 Reuter London THE US dollar edged above 1.79 marks in cautious morning European trade ahead of the release of France's public finances audit. Dollar/mark showed little reaction to the drop in German M 3 money supply growth for June which came in at an annualised 6.4 per cent
        Reuter  -  283 words
      • Article, Illustration
        Untitled
        942 20 tMwtii"QlOWIiTB M21 tte .»^5S^siSSBssisSiissaOBHSSiIS•' Umm 0.731 OJM UN OJM JJM 4» MM OM 4.9M 1463 0JS3 22J47 BJOt 0J» 2352 MM 15J77 16.7M 0312 OJM t ti tffi <E& tkM tin OH 3JM QJ49 U52 0J» 0JV7 5240 U79 OJM QJ90 0-191 1*04 3*6 OWT 0J29 gr" QAM ami *****
        942 words
    • Article
      COMMODITY PRICES
      1502 21 S1COM FUTURB8 -hiiJi i WHCtattvwclNtat««SJ*at BS1C0MTtACT(ScwtsA«) CbW VMM OpM MUl —I Low S«tt IHrwt Am 97 130J0 370 Sip 97 Q4J0 1345 fct97 13*25 1425 Nov 97 MUM 1425 OK 97 142-75 1425 J«/M*98 148.00 5550 Apr/Jn 98 W.00 ***** KSl€8mMCT0StMbA« J«M» 0»M M—m HH» U» Stt ftMMrt
      1,502 words
    • Article
      WORLD STOCK MARKETS
      2126 21 Jtf tf Ham *h 31 Group *****0 5.400 AS Parts 249.400 -7 UMy Notional 841.400 -21 AMed Domecq 443 -1400 AlMC 163.400 -2 A uU Group 145.400 -2 BATSnd 517.400 -1600 BGPfc 252.600 2.200 BKC 17a400 -2 BOC Group 1061 -16 BR P»tr<*eum 809 -3 BTR 195.400
      2,126 words
    • Article, Illustration
      Lock icon HONGKONG
      1529 22 AFP £1 Hang Seng -34J0 HONGKONG shares feU 0.2 per cent yesterday as investors sold stock to lock away profit following a drop on Wall Street on Friday, analysts and dealers said. Brokers said trade was volatile and the market was now consolidating after last week's gains. A broker
      AFP  -  1,529 words
    • Article, Illustration
      Lock icon CHINA
      650 22 Reuter nShauheo Binder -OJO THE Shenzhen B share market closed lower in slow trading yesterday, with some investors leaving the market to reduce the risk of exposure to poor interim reports. The B Index slumped 0.60 point to 132.57 on turnover of HK$2B million. "Investors do not expect any
      Reuter; Source:  -  650 words
    • Article
      Lock icon TAIPEI
      378 22 AFP OWPMtt ♦84.47 STOCKS rose 0.9 per cent to their highest closing level in more than seven years yesterday as investors sought lagging financial and construction shares. The TSE Weighted Price Index rallied 84.47 points to 9,833.77, its highest finish since April 12,1990. Turnover was 3.34 billion shares worth
      AFP  -  378 words
    • Article
      Lock icon MANILA
      302 22 AFP □Huh -am SHARE prices fell yesterday in cautious trade amid concerns over the future of the peso, brokers said. "People are waiting for the peso-dollar exchange rate to settle before entering the stock market aggressively," said a trader. The Composite Index fell 24.61 points to 2,648.34. Turnover was
      AFP  -  302 words
    • Article, Illustration
      Lock icon JAKARTA
      731 22 AFP IJnMiipogtahig -UJO SHARE prices closed 1.6 per cent lower yesterday on a broad based sell-off following a plunge in the value of the rupiah, dealers said. The JSE Composite Index fell 11.60 points to 712.40. Turnover was 273.2 million shares valued at 572.4 billion rupiah. Most large cap
      AFP  -  731 words
    • Article
      Lock icon SEOUL
      399 22 AFP QOmpoflttbin -L 22 SHARE prices closed lower yesterday after a thin but volatile session which dealers said reflected jitters over market prospects. The Composite Index lost 1.22 points at 740.93. Turnover was 27.8 million shares worth 440.9 billion won. Falls beat risers 494 to 291. Samsung Electronics rose
      AFP  -  399 words
    • Article
      Lock icon SYDNEY
      577 22 AFP Qiidtirti -au SHARES closed lower yesterday as profit takers moved .in. Brokers said investors followed Wall Street's lead after the Dow's hiccup on Friday. The All Ordinaries Index lost 30.8 points at 2,653.4. Turnover was 281 million shares worth A 1575.8 million. BHP fell 46 cents to AslB.lo.
      AFP  -  577 words
    • Article
      Lock icon WELLINGTON
      251 22 Bloomberg nWeDmgu* -MJ3 SHARES fell to a three-week low yesterday as higher interest rates diminished the appeal of yields from equities. The NZSE-40 Index fell 16.63 points to 2,459.28, its lowest since June 30. Bloomberg «a i *t- n— A HZ BanMnq —1 mo 0.05 2073* Advantages HMgs 1.06
      Bloomberg  -  251 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7888 23 Ckmmt jtiMI T997 Last Vol Day Net Cap MH» L— CM«wy hH -000 wn> Lear P/K $HI 790 540 A|inomo»o 543 302 220.9 448 293 Angkesa 302 4 27 30* 300 9.0 445J 905 610 Apodo Food Hig 670 1 670 670 266.0 428 189 Borieyelnd 291 suap V491.6 765
        7,888 words
      • Article, Illustration
        Lock icon Shares soar on Dr M's impending return
        323 23 AFX-Asia QOtmpoatabte +2L12 SHARE prices closed sharply higher yesterday on local buying support ahead of Premier Mahathir Mohamad's return from holiday today. Dealers said, however, that the rebound is unlikely to be sustained for more than two or three days with a range
        AFX-Asia  -  323 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3465 24 IMM1 WlttCIITS v u ttrr lm< v«< On Laat Quata A»q Ht«h LOT Mm CM*M«Y u« ♦a»- COOO> HUh LOT Hyf Mhf PHca 68 44 m 3000 m A M 08 c5.5******6 44 43 45 *7 415 3160 »Acar ******1USS 58 -3 US 59 57.5 58 58.5 131 88 31*4
        3,465 words
      • Article
        Data suggests Gadek wrt underpriced
        202 24  -  WARRANT WATCH -By R Sivanithy THE recent slide in both the Singapore and Malaysia stock markets has created numerous buying opportunities with stocks sinking close to new year-lows. Also, many warrants now have very interesting numbers supporting them, one of which is today's feature diversified
        202 words
    • Article
      CLOB INTERNATIONAL
      2029 24 Transaction Date Jul 2l| Or Or I9T7 Lad Vol Day Uct Quote M Oh TN Mt *C# W» Lw tt» Ciwpwy COOP) »—i U» Buyr SoBar Cw M In* ~479 270 mj S000 AIS8S0C 281 O 180 283 276 281 283 53 4.9 OJ 59.2 2882 137 81
      2,029 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1035 25 TUffNOVCI COOO) VAWtfOOO) turn am T«m mm em t«w Industrial WWtt 20,666 W078 J«U4S M3J3 20J.926 55? *85 *ffl ""iSS **•»<■• "j!8 47,5,1 "rgj Plantation I3» i«« 4 gg MP 9,904 14,141 4,635 7.7*0 12,395 Total 104*666 46.401 153,067 323.297 69,760 W3.056 SKOAQ 40,124 ham cu» D» UK* 1 Mustrtol
        1,035 words
      • Article
        MAIN BOARD
        4352 25 Transaction Date: Jul 2l| Cr Cr M Wt vol Day Last Quota Dtv M IM Cap Avg Mm« L#w StMa if COOP) Hl» La. Buyr S«gy C« Pit gg INDUSTRIALS 5146 ASE NTSIO 200 US- I I I I I I 88 5 885 885 1275 ASFUS1c 100
        4,352 words
      • Article
        SESDAQ
        1083 25 Cr Or M Wt 1997 La*t V«4 Day Last OmN Mv Ot» VM Mat Cap A«| Hl» La. WWa lata *h COOP) M$k Urn Buyar «aMar CV Wl ta« Mm 186 76 a 2000 ABR Hldas Sc 112 *5 SU 116 107 111 113 3.0 6.0 0.1 160.0 *9.8
        1,083 words
      • Article
        Untitled
        200 26 Stacks Mm Isiamatrix 50c 15,164.000 toxilarlOc 8,575,000 Alia Food&Prop 6.911,000 lianjin2hong 6,437,000 *Renonq8M50c 5,929.000 VahSNnq HK50c 5,471,000 TeMatalOc 5,311.000 CM Telecom 75c 5,103,000 Itamng WtOO 3,391,000 Omni Ind 10c 3,205.000 »«rts 0C8C Foreign 35,284,228 *08 Foreign 30,484,263 Asiamatru 50c 22,291,010 ftS Foreign 19,273.853 City Dev 50c 17,150,401 9A Foreign 14,265,798
        200 words
      • Article, Illustration
        HOT STOCK
        63 26  -  *1 Shiv Taneja OCBC BANK'S foreign tranche dosed 20 cents higher yesterday at $15.40 on a volume of 2.3 million shares. In the near term, trading tn this blue<hip counter could be quite volatile. The share price has run up a fair bit this month, yet there appears
        63 words
      • Article, Illustration
        Lock icon Blue chips lead rebound on firm June trade figures
        668 26  -  STOCK MARKET COKKEMTABT Market shrugs off How's 130-point fall, but caution remains over Greenspan's testimony; interest in US dollar issues wanes By R Sivanithy [SINGAPORE] News of better-than-expected June trade figures and a healthy bounce in Malaysia gave the local market
        Chart info from Bridge  -  668 words
      • ON THE GRAPEVINE
        • Article
          Goldman new says, sell Thai
          186 26 A NUMBER of banks had dearly been caught out on the extent of the problems doffing Thailand's banking sector. US investment bank Goldman Sachs is no exception. In a little over a year, its view on Thai banks as different ae day is from nifht
          186 words
        • Article
          Babt traders is blosd
          88 26 STILL on Thailand, the word from Shenton Way and Rafflss Place is that dosans of foreign exchange traders have been fired in the wake ofthe recent bloodbath on the region's currency markets, becauae they lost big money for the institutions that employed them. One trader said
          88 words
        • Article
          BSW sees no safe haven to flags
          73 26 BARCLAYS de Zoete Wedd (BZW) doeant •übecribe to tha notion that Singapore dollar will be a safe haven amidst the Asian currency turmoil. BZW says: "As contagion effects llngar over the coming months, an informal trading ranst of 551.45 to $IJBO it therefore
          73 words
        • Article
          Al markets
          68 26 THOSE who have seen the film Mars Attack will know that BEM stands for "Bug Eye Monsters" (aliens). Now h has a new mining—Big Emerging Markets. In some quarters of Washington, it is being argued that America Ignores these BEM*—China, Braiil, India, Indonesia, etc—at its own peril, since
          68 words
        • Article
          Mourning Verance Honghong-style
          98 26 THIS can only happen tn Hongkong. According to NuryVittachi, a columnist at the South China Morning Post, business was booming at the Versace shop at Landmark, a major shopping centre in central Hongkong In other countries, Including Singapore, Vers** shops doted for s day as a mark
          98 words
        • Article
          Easartag p awar
          106 26 MONTHS after a handfol of insurance companies banded together to genetically promote their investment-linked insurance products, the unit trust industry has Anally decided it mifht be a good idea for them to do something in this area. Standard Chartered Bank, the largest third-party distributor of unit trusts
          106 words
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      Page 15 Advertisements Column 1
      197 15 You are highly recommended for your service. Thank you. We always go the extra mile to serve Jou. 8 1 U r remember i 8 i iMrt iMrtsflnilrittiNMNMtt SI No problem. Nitsuko keyphones can be expanded easily. I need more lines and extensions. 11 need mo r e lines and
      197 words
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      Page 16 Advertisements Column 1
      233 16 FACT Realtime Accounting Software now on Windows 95 Just launched. FACT Reports now generate all reports from FACT in true Windows 95 environment. Presentation quality printouts on laser printer. Naturally, all the reports are real-time, updated with all the transactions entered up to that point in time. No waiting for
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      Page 16 Advertisements Column 2
      79 16 INTRODUCING OUR NEWEST Grand Plaza Hotel is pleased to toast the opening of our newest, coolest sensation: Vino's Wine Coffee Bar Savour the libations of our international wine list, selected from the Bordeaux region in France* to the Rhine Valley of Germany. Whether it's coffee or the relaxing pleasures of
      79 words
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      402 17 Seminar on I Financial Derivatives I Accounting, Tax, Regulations and Control Issues I As financial derivatives continue to become more common in Singapore, the number of issues with respect to these products continues to increase. Losses resulting from financial derivatives transactions regularly shock both the financial markets and regulators. The
      402 words
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      Page 17 Advertisements Column 2
      42 17 SINGAPORE'S MOST PRESTIGIOUS EXECUTIVE OFFICES ■hsi IPl||||l|ili|: l! lllll(l!llii il! l! !i!i!H -f T" il|i! nil illtiii 6 BATTERY ROAD Level 22 CENTRAKO BUSINESS CENTRE PTE LTD C.|!| ?U> H;T) f.ix -1 o'>K 1 E rn,? V.iWo p.V 4 c r'»*t sq
      42 words
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      Page 17 Advertisements Column 3
      436 17 kills to help you learn, handle and communicate f information more effectively to gain a personal v—y competitive advantage. For three decades, Tony Buzan has been employed, once you attend Tony Buzan's the leading light in providing practical interactive seminar, Mindpower advice for business executives seeking to or Managers, you
      436 words
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      Page 18 Advertisements Column 1
      362 18 Celebrate Birthday and Baby's First Month in Style at Grand City Celebrations are merrier with good food, good service and the right ambience. And with our attractively-priced set menu, Grand City is the perfect choice. Proro valid till 31 August IW7 Also available sumptuous dishes at offer prices.' Grand City
      362 words
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      Page 18 Advertisements Column 2
      740 18 BUSINESS Notices lb can toll-free 1800-*****83 f S3 I CHUAN HUP HOLDINGS LIMITED I (Incorporated in «w Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDV4ARY GENERAL MEETING of to Company wi be held at 322 Jalan Ahmad torahim, Singapore *****1 on 15 August
      740 words
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      Page 19 Advertisements Column 1
      53 19 19 SUPERB OFFICE SUITES PRIME QUEEN HIA£nR4SJ Street location Owner in Singapore until 25th July For mora details David OXomcfl S-. Hand Phone 001 64 21 621 509 10 Anson Road #03-03 International Plaza Hand Phon. W6I 57W TinowHiM *****J John Habtead Hand Phone 025 277 4499 Phone 32# 5220
      53 words
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      Page 19 Advertisements Column 2
      278 19 E& THE UNIVERSITY OF HULL I England 1927 "Oven 200 TtCDi (pith o* tit PwyuuKmz!" "One *1 tkt mtti MfaUiA&ed IKSAt in SiMqaftmc!" Mba— 21st Intake 28 July '97 Only Places Left! B FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and
      278 words
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      Page 20 Advertisements Column 1
      208 20 W—ttiacAshy The Bth Asian International Woodworking Machinery Forest^ Supplies Exhibition Conference A FmiTekAsia97 The 3rd Asian International ErWWWWof Machinery Accessories for Furniture Production, Upholstery Furnishings World Trade Centre Singapore Gain the edge in woodworking and furniture manufacturing technology by visiting WoodmacAsia97 FurniTekAsia97. !V WoodmacAsia97lnternationalConference &sj I 3 Sit "Asia's Changing
      208 words
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      46 21 ♦Hi© Tokyo stock market was closed yesterday. .01v <.**>■" j: k? V > .'.■■< t' t? 4 #v X>%'- v v<t •H* c*l Singapore Business /<s•<> .f y :'> v. '■'.•''■'•'v i: .<£ > < 5 -Giving V-Jv/ s jow the >*" i--4. t, winning 5 x V f edge
      46 words
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      Page 22 Advertisements Column 1
      80 22 s ck Ml If y, (A\l Mi j 'Masterof Complications 4$ SINCERE "IV IK[ U \l< H lIMIIIII MMU'ORf \..1l AMili i \\\KA 'I \k\ n ri 1 J WW \\M kl I": 1 .>1 \K H-! ll' \'l\l KI I i f f +The Thai stock market was closed
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      Page 24 Advertisements Column 1
      38 24 L_ jjj •CK visit alfreo dunhill at raffues hotel arcaoe. the paragon, ngee ann city, SOGO raffles City, daimaru liang COURT and leading watch retailers. The Centenary Steel Watch from Alfred Dunhill. Indispensable for men of the world.
      38 words
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      Page 25 Advertisements Column 1
      65 25 NOW WITH JUST $50,000 GET UP TO 3.33 TIMES FINANCING. THE CITIBANK MARGIN TRADING ACCOUNT. TO TRADH IN I 111 IDI ST LIST OL MARGINABLL SI-XT RIT ILS. CALL 33-7 1 2 G NOW. CITIBANK* H R II S I I SII I I'> 2<l N <>l< < II \K
      65 words
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      Page 25 Advertisements Column 2
      37 25 Our auto listings Looking to buy, sefl or lease a I new or used car? Look jkV won t steer you to The Straits Times I Classified for the best tfVP wrong! deals on wheels. l?*»] \mrn
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      Page 26 Advertisements Column 1
      328 26 Notices To advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Yeo Meow Gek of Blk 560 Hougang St 51 #04-406 Singapore *****0, have applied for a Retail Beer Shop Licence in respect of M/s Season Titbit located at 21 Hougang St 51 #01-39 Singapore *****9, and that this
      328 words
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      Page 26 Advertisements Column 2
      547 26 NOTICE IS HEREBY GIVEN that, I Thung Jiunn Jinn of Blk 119, Tampines Street 11, #08-192 Singapore *****9, have applied for a Ist Class Public House (extended) Licence in respect of M/s Globe Disco Pub located at 21 South Bridge Road Singapore *****1, and that this application will be considered
      547 words
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      Page 26 Advertisements Column 3
      632 26 NOTICE njj THAI MILITARY BANK MHUC COMPANY UMITVD acting through its Cayman Islands Branch Negotiable Floating Rate United States Dollar Certificates of Deposit due in January 2000 In accordance with the provisions of the Negotiable Floating Rate Certificates of Deposit, notice is hereby given that for the Interest Period from
      632 words
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      Page 26 Advertisements Column 4
      255 26 IN THE MATTER OF THE COMPANIES ACT. CAP.» Amd CUSMEL WOODWORK PTE LTD (Im Memben' VotuMmry (if nidation I At an Extraordinary General Meeting of the abovenamed company duly convened and held at SO J a lan Sultan #21 -04 Jalan Sultan Centre Singapore *****4 on I7lh day of July
      255 words
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      Page 26 Advertisements Column 5
      54 26 IHt pnM IhklL If if n\ ||S g? KJ I ll* rTT3 I* i I <(3 f l *1» |g §S" W 3. I itisj i| I-TTI a. i |f{rt If iiji S i' if[| hi iff 1 it 1 1 r ilii f§■ s! if a Singapore Business Giving
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      316 27 Bridge News Reuter Despite some end of week profit taking resulting in slightly easier closes, futures still maintained their underlying support with good buying volume evident once again in Aug, Clarkson Securities Ltd said in its daily Biffex report The Baltic Freight Index was down 4 at 1368.
      Bridge News; Reuter  -  316 words
    • Article
      MARITIME STOCKS
      231 27 Ma i tw CWTOMrttuHon US -0.02 5T CfiuanHu* 0.975 uneh 43 Cmco mwMtiMnt Ut undt 19 taMrtLMn 0A$ undt 161 G4HoMng> 0.74 HUtatMf OMS -0.005 206 inatw,.. ow* *o.o2 u IMC1W—9I —UK no j>i«iiiiim —a»35 IK« 12 JBIMWWW Ui tMCft 122 KappJCfr* 6*0 *0J5 1741 I(SmS 4.94 *0.18
      231 words
    • Article, Illustration
      Lock icon Japan tanker operators urged to have oil spill plan
      419 27  -  Maritime agency calls for prompt measures for safe navigation in Tokyo Bay By. Felix Chan [SINGAPORE] Japan's Ministry of Transport has called on three Japanese tanker operators to draw up an effective oil spill prevention plan in the wake of the
      FILE PHOTO  -  419 words
    • Article
      APL firms up labour agreements with 2 unions
      272 27  -  Possible obstacle to merger deal with NOL removed By Yong Mei Fong [SINGAPORE] American President Lines (APL), which is to be acquired by Singapore's Neptune Orient Lines (NOL), has finalised new labour agreements with two of its three seagoing officer unions. The
      272 words
    • Article, Illustration
      Lock icon Antwerp's container traffic hit high of 1.4m TEUs in 1st half
      277 27 [SINGAPORE] Container traffic increased by 10.4 per cent at the Port of Antwerp, Belgium, to a record 1.41 million 20-ft equivalent units (TEUs) in the first half of this year. The growth in container throughput makes Antwerp the fastest
      FILE PHOTO  -  277 words
    • Article
      S Africa and ITF to survey sunken vessel
      244 27 [LONDON] The International Transport Workers federation (ITF) has taken the initiative to team up with the South African government in a jointly funded expedition to survey the wreck of the general cargo vessel Cordigliera. The Indian-owned, Panamanian registered Cordigliera sank in November
      244 words
    • Article
      Lock icon Chittagong port put on alert as sea turns rough
      160 27 Reuter [CHITTAGONG] Bangladesh's main Chittagong port, which handles nearly 80 per cent of the country's export and import, was on Sunday put on alert because of a storm brewing in the Bay of Bengal, port officials said. They said, quoting weather
      Reuter  -  160 words
    • Article
      Lock icon Chinese yards aim to corner 10% of world shipbuilding market by 2000
      198 27 AFX-Asia [BEIJING] Shipyards plan to expand their 5 per cent share of the world shipbuilding market to 10 per cent by 2000 and dominate within 15-25 years, the official China Daily Business Weekly reported. China State Shipbuilding Corp
      AFX-Asia  -  198 words
    • Article, Illustration
      Lock icon A case of security?
      857 28  -  CRASH OF TWA FLIGHTBOO: ONE YEAR LATER As it awaits re-enactment results, the industry wrestles with what caused the crash By. Andrew Blum Journal of Commerce THE US aviation industry still feels the shock waves from the explosion of TWA Flight 800 a year ago. As
      Journal of Commerce; FILE PHOTOS  -  857 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      266 28 PAGE Euroiuns 6 »n n Evergreen 6 •AMI 3 famous 7 Accord 12 Fl-BriflM 6 Appenship 5 *°omiUk\ 12 3 6u 4 Austral n Genwrtrans 13 Avant 6 Gwl,, W n GtobeMnk 7 Mamindo 7 12 B'tanq Mas 12 GuinGw 12 rem 7
      266 words
    • Article
      SHIPPING GUIDE
      14307 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT i w CTA ETA Altvwtlwr Vassal Voyaga TaMpnona ETA ETA Advartlsar Vassai Voyaga ToUphorn SIN *Wja SSSfi*** NMIMMMB K m Num To BRISBANE (BNE) 2058 A Queensland, Australia To ABIDJAN (ABJ) 2003 a/07 22/00 cosco xinche ouk *5-22*1900 Ivory Coast, Cote D'lvolre 24/07 co/o* Hamtn
      14,307 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        650 41 Vessel Voy No Btfth ArrWil 0^»rtur« JM|M Urn J*y* A185 J02 22.07/0600 Hnwinq M J12 alongsidt 25.07/0600 &it«n inOJh N366 J02 alongsidt 22.07/2300 0«h Stray* 012 J02 MVM 23.07/2100 KastorP 9 J23 22.07/0400 iM*r Honor 9702 JOT alongsadt 22.07/2300 p*M jm 09/97 J03 atongsMt 22*7/1400 Tropical M 0-97
        650 words
      • Article
        CONTAINER SCHEDULES
        1778 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Bookkf/Wmci Rstls Ship Voy Mo Etb/Btr NrkU fro* To Frow MM 0377* 24/0300 *V»TO0 22/0*51 22/0*00 21 21/1700 22/0*5* 22/0*00 J 22/070* 22/m 22,0*00 4 22/1200 22/WJ1 22/1700 a 2VT700 22/045* 22/0*00 1 22/0700 22/m 22/M00 4 22/1200 22/145* 22/1700
        1,778 words
      • Article
        GLOBAL HOLIDAY
        188 41 Ma Botswana: Market and Public holiday. Jul 23 Egypt: Revolution Day. Iran (tentative) birth of Prophet Mohammad. JalM Venezuela: Liberator's Birthday. Mas Spain Market and public holiday in Madrid, Santiago Apostol. Tanzania: Agriculture Day. Tunisia: Republic Day. Jul 28 Peru: Independence Day. Aafl Switzerland: National Day. Zambia: Farmers
        188 words
      • Article
        COCKETT BUNKER MARKET REPORT
        877 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehen slve description at the market Prices shown are based on averageslaed stem. Market movements are indicat ed. The Cockett Bunker Price Index change and
        877 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        438 41 Cartoa 1M Mai 992.9 0.5 15.4 0.08 75 0.07 jalH DmsKy Malar RmMm Ask AMatwa tifciK NoatoME2S 3 0 1 0 0 03«0AM 966.9 0.2 B.4 0.06 39 0.02 Im 390 Mai 991.8 0.9 17.6 0.12 88 0.09 Ufin %w M/M WW mm* Naa>OM63S n 0
        438 words
    • AIR&LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon New HK airport's late opening will cost millions
        591 42 Lost spending by tourists and businessmen alone will cost HK$L26b a month SCMP [HONGKONG] The late opening of Chek Lap Kok airport could cost Hongkong more than HK$l.5 billion (SS2B2 million) a month in lost tourism and business spending, landing fees and
        SCMP; FILE PHOTO  -  591 words
      • Article
        Qantas, BA to counter threat to kangaroo route share
        395 42  -  Prom Surinder Singh in Sydney QANTAS and British Airways have signalled that they intend to carry the fight over market share on the "kangaroo route" between Australia and Europe to the tripartite alliance of Singapore Airlines, Ansett and Air New Zealand.
        395 words
      • Article
        Lock icon Chinese railways in the black after cutting unprofitable lines
        217 42 AFP [BElJlNG] China's railways turned over a healthy profit in the second quarter after cutting unprofitable lines and raising train speeds on the three main routings out of Beijing, the China Daily reported. "We are pleased to see that the railways
        AFP  -  217 words
      • Article
        Lock icon Beijing intensifies airport expansion projects
        221 42 Reuter [BEIJING] China's ambitious airport expansion programme will peak during the current five-year plan with six new projects getting under way and 14 completed or continuing, the China Daily said yesterday. The key project for the 1996-2000 period is the expansion of Beijing's airport to
        Reuter  -  221 words
      • Article
        Lock icon American carrier exercises options for 24 jets
        155 42 Reuter [MINNEAPOLIS] Northwest Airlines said yesterday that it exercised previously announced options for the acquisition of 24 British Aerospace Avro RJBS regional jet aircraft. Deliveries will begin in May 1998 and will continue for a period of up to 48 months, a news
        Reuter  -  155 words
      • Article
        Lock icon Cambodia crisis affects Trans Asia rail project
        193 42 Barnama [KUALA LUMPUR] The proposed Trans Asia Railway project is affected by the leadership crisis in Cambodia, Transport Minister Ling Liong Sik said. He said that matters related to the proposed rail link from Singapore to Kunming in China affecting Cambodia had to
        Barnama  -  193 words
      • Article, Illustration
        Alliances vital for airline expansion: Northwest
        454 42  -  Not economically feasible for every airline to operate its own services in every global market By Marcus Hand (SINGAPORE) US carrier Northwest Airlines believes that alliances such as their own with KLM and the fivecarrier Star Alliance are essential for airlines to continue with
        454 words
      • LOG Book
        • Article
          Lock icon PIA increases domestic fares
          73 42 AFP (KARACHI] Pakistan International Airlines (PIA) has announced a 10 per cent increase in domestic Cares, citing rise in jet fuel prices. PlA's domestic fares ware comparatively lower than several neighbouring countries, including India and Bangladesh, an airline official said. PIA has estimated a profit of
          AFP  -  73 words
        • Article
          Lock icon China airline opens Guangzbon-US route
          48 42 AFP [BEIJING] China Southern Airlines has opened the first direct flights between the southern metropolis of Guangzhou and North America, the official Xinhua news agency reported. Boeing 777-200 aircraft will fly the 12,200-kilometre Guangzhou-Los Angeles route three times per week, it said. —AFP
          AFP  -  48 words
        • Article
          Lock icon Garuda to take delivery of 17 B737-500s
          50 42 AFX-Asia [JAKARTA} PT Garuda Indonesia is to begin taking delivery of 17 Boeing 737-500s next month, with the final delivery due before 1998, Garuda president-director Soepandi was quoted by Bisnis Indonesia as saying. Mr Soepandi declined to disclose the value of the contract.
          AFX-Asia  -  50 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1552 42 CITY FLIGHT ETA FLIGHT ETD S0004 <K0 MM* oral mo oraz 20S5 Hanoi VH745 1300 VN744 1400 S0229 2220 VW741 4310 VW740 1410 Amsttrtam S0327 0605 GA892 0030 Hat V«» TG407 2105 TG408 0620 GA897 1045 KLB44 0040 MOW 2B0 MOW »C KL837 1455 W.83I 2300
        1,552 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      23 27 Crash of TWA Flight 800: one year lata* As it awaits re-enactment results, the industry wrestles with what caused the crash. Page 2
      23 words
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      Page 27 Advertisements Column 2
      350 27 NMHE airport's fet&dpeningwil] 'fcosraillions lx)sX*Wnding by tourists and alone will cost >fKtp26b a month. Marine claims at the end of this year consultant Richards after a five-year term. Mr I Hoggs (Asia) Pte Ltd has I Taylor is currently the named LJm Lay Hui group executive director manager of Richards
      350 words
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      Page 28 Advertisements Column 1
      829 28 BWIQAIK)tgCAIJP^W^EXPfKBB|bI>IiECrri II IIOItWt>ifOOWft g Mintoa-eyiOQ Vissa VOY OAK VAN S£A U SM VESSB VOY JU MM lAN KM «X UN HONG KONG OTMSS 00W524 30/ M M/M M/M #7/17 24/97 MMMAMMY ISp M/ 07 M/M 17/17 11/17 17/17 22/07 HOI TOPAZ 57W527 07/07 10/07 10/07 14/07 31/07 NOtKN ISS 11/07
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      Page 28 Advertisements Column 2
      701 28 Unas A services represented by Members of ihe Registry of Members o» tie iwwl AccredHed Shipping Agents. S«ngapore Freight Forwarders' S'pore National Shipping Assoc Association. lAL Container Line (UK) Limited 4s Agents: Marine Transport Resources (Si Pte Ltd Tel 223 8380 Fa* 223 8387 We Mean Business" Weekly EXPORT 3
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      Page 29 Advertisements Column 1
      1051 29 I fj jB I 1 PAQFK SOUTH WEST EXPRESS (MRECT) ALSO ACCEPTING MAMAUS VIA LAX/HOU lw 1 vot Ina lawtu lawcio ux m. urn oo _mk at wy —m—»— Afl JMN 0171 23/67 23/07 24/07 01/01 12/01 13/01 13/01 14/01 14/00 14/01 13/00 IS/Ot mmm W 17oT W li/oT is/oo
      1,051 words
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      Page 29 Advertisements Column 2
      2120 29 HANJIN SHIPPING USA CANADA* mmu/vor oam |sm |ro im |wr lew lon I— m \m| ios wrc &T~ vn m Im| w |w HWBWOMI ~W*T 14/07 I 14/W U/W 15/W 17/W 17/W M/W U/W U/W M/W ~U/W I U/W T2/W M/M U/M M/M M/M 10/W U/W yuai lWtM 30/07 31/07
      2,120 words
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      Page 29 Advertisements Column 3
      102 29 r\x*m ORIENT EXPRESS UNES (U.K.) LIMITED OMJ. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSE VOY SHICAPOiI lOWAY VKSa VOT HMMAY SWGAfOtt OOCL ADMIRAL 003 22/07 30/07 QOCL ADMIRAL 002 12/07 22/07 MEGHNA 827 28/07 05/08 MEGHNA 826 20/07 28/07 NORDKAP 414 01/08 09/08 NORDKAP 413 23/07 01/08
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      Page 30 Advertisements Column 1
      873 30 CT DSR-SENATOR iml Round the World Container Services IMPROVED SERVICES AVAILABLE TO USA WEST COAST PORTS EAST COAST PORTS MINI-LAND BRIDGE (MLB) EAST COAST ALL WATER (ECAW) WEST COAST INTERIOR POINT INTERMODAL (WC IPI) EAST COAST REVERSE INTERIOR POINT INTERMODAL (EC RIPI) NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****10 FAX;
      873 words
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      Page 30 Advertisements Column 2
      791 30 I NORASIA QOA LAS ■aVM.ALQMTNXANrm.LNAI MSCSOPME 9721-3 22*7 MM I7M IMI IMS 2MI Ml 21M MM 1&M IMS I NOR SHANGHAI 172*4 2M7 1W 14M <7|H M I 7« ON Ml AM 2ZM Ml MSCALEXA 9730-3 KM Z2M 21M 2MI em UN 3IM MM 2M 2IM 27|M NORFfMOURG 9731-3 1W
      791 words
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      Page 30 Advertisements Column 3
      536 30 LINE Sy mi assist* faxi sssiist MUABA 1 1 LABUAN 1 vissa vot no n* vissa m m n SPOK MIMA SPOtt IM jnotfa VIM/07 21/17 14/07 JfKMVB VMI/07 21/17 H/17 MtfIUXT VIK/I7 25/07 21/07 APOtGUOT VIK/07 25/07 20/07 JftOSPB VI7I/97 30/07 02/00 JPtOSPB VI7I/07 30/07 M/ 00 Am cum
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      Page 31 Advertisements Column 1
      1344 31 VESSEL VQY SIN POU PKO PtN BLW BA BIK IRAN QHEYAMAT PJL-1248 29/07/97 08/08/87 31/07/97 IRAN MEELAO PJL-1238 30/08/97 11/07/97 MAN QHEYAMAT PJL-1238 21/08/97 ■UN YAAMN PJL-1228 10/OS/87 20/08/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN A GEORGIA
      1,344 words
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      Page 31 Advertisements Column 2
      1717 31 KOI Hit KIjWA —M MMI TO QUI MAM WWTS) I imuui mazvm, una, swkaz, Isfahan, I UMtAMMM, IMU« B. MUM VIA UUMI MMI I I SINGAPORE'S GENERAL AGENTS: 4 SHDUON VKV TEL 226 1900 FAX: *****08 OUTWARD (I A) TTMSMJOKMSS?"™"" COSTAR SHIPPING PTE LTD #i7-ot ns mdg sales/mgs 420SMi/43 inward
      1,717 words
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      Page 32 Advertisements Column 1
      1435 32 RIROPEAIK/SCAIIDWAVUVFWLAWDMOSSIA SGP ROM ANW HBG THP ZEE LHV LHV TOP RDM ANW HM PKL MP I. RENOWN RW-824 28/07 ISM 2MB IMN It/M 11AM 20AM E. GOODS RE4S7 23AM 2«AM i*M VM 21M 22*7 23/R7 E DAINTY RW-M1 03/ M 20AM 25AM 22/00 23AM 2«M 25AM E. GUEST RE-000 20AM
      1,435 words
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      Page 32 Advertisements Column 2
      1082 32 IRXEOOT Vtssa VOTAGE WMUINMUHIWIIM VHSE VOTAGE MN NA AW MM MM SOP I UN WORLD 0011F***** 27/07 07/W 07/00 UNI CONCORD 0447 03»f 13/07 11/07 14/07 15/07 11/07 tt '07 I IN RENIN 0017FS-01SI 03/01 14/00 14/01 UN CORONA 0443-OJrt 70/07 70/07 71/07 77/07 73/07 04/01 I Also accepting FCL
      1,082 words
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      Page 32 Advertisements Column 3
      422 32 /CII NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa vot Isi wu I put I cn~ mrourmg pits 27/07 io/tn m/m mm vbws o?is 07/ M 11/01 Ml 21/w MOtLE OltS 11/01 ?VM 29/ M 02/09 RjjMjgjgß OltS 23/01 07/W 11/09 MHUIQUBI 022S 30/81 01/09 12/09 17/09 RgjPMgjl
      422 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      633 33 BSA nJ! \l M|k MYANMA Hit FIVE STAR LINE I h V (Myaraar Motional Um) I Loading (or Yaogoo (Roogooo) VfSSEI VOY SM f*6 PW PGU L PAGAN 144W SU> I NINON 141W SU> I MALAYSIA AGENTS: MUSTIAD SHIPPING AGiNCKS II ML 18. #2-03-241/300 POL HI 02-03-*****01 I rat m
      633 words
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      Page 33 Advertisements Column 2
      937 33 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKOi *****32 ga. a *I*l*ls 1 r!g :5i IY JO7W 27/07 13/* 14/* 10/* I*/* I'/* I*^" SST SS 2Z 2 2 vZ SS IYAOBRAA MOW 10/* 27/* 11 EASTBOUNP TO FAR EAST VBSft VOY llBt|« I WAB 1 AWI IM
      937 words
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      Page 33 Advertisements Column 3
      487 33 FAMOUS CONTAINER UNES fllß 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 JfiT HOT UNE: *****33 (30 UNES) w mm. mmm i. —,t—* tm m mm*—at DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 CWT
      487 words
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      Page 35 Advertisements Column 1
      45 35 To retrieve more schedules, just follow these simple steps... document Aial 740-6000 ep ill be faxed the port your ste P ke^lll the four number digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 United States for c*Jlh within Singapore
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      450 37 2 WMkly LCL FCL ifrODlCal S»rvk«« to Caribbean W iT!f A Control Amorko APIIAMN API KOREA 017E 017E Port Country 23/07 30/0 7 Belize City Belize 26/08 02/09 Bridgetown Barbados 29/08 05/09 Cartagena Colombia 28/08 04/09 Castries S» Lucia 28/08 04/09 Fort de France Martinique 29/08 05/09 Freeport Bahamas 24/08
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      Page 37 Advertisements Column 2
      1001 37 ADVANCE CONTAINER LINES (PTE) LTD Mk I I 140 Cadi Strait #124)0, PIL Building. Singapore *****0 iSy_M L; TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E ■AHOKOK I JAKAMTA (5 SaUlnM/Wetfc to MT. 3 SMtap li INT. 2 SaWo«t la LCH) (4 yissa Ivor Isw jkt «n
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      Page 37 Advertisements Column 3
      761 37 VESSELS VOY |W|«|WD|La|HW»imW|THP l-^—J L2iw 22/07 oi/os oa/oe i»<08 ia/oe is/ob woe 17/oe V'' P-nOUAWUB U2IW 27/07 0»« 08/08 17/08 18/08 2MB 21/08 22/06 "■■c PC TAURUS A2IW 03/08 13/08 IVO6 24A» 3MBB 27/06 28/08 28/08 "vSITOECAWNA C2IW I<VOB 20/08 22A» 31/08 01/08 03*09 04/08 °M» •^T"ACCtrnWOCAWOOTOMI.UK.PE«T»IATIOH».tCAIOWAVMW(WWU«.COre<M>aB«.GOTHB*UWO>AHDOTHEWaJWytAW—>WOPO«T» VOY f" SN
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      Page 38 Advertisements Column 1
      1004 38 I »T K»I.»W Wttm 5i SINBKK VESSEL VOY SIN PKL T I -p, s« IMm BUWQA StftOJA 71M Tu. Im W «Wd I MTO gggg S—55T 521 SWISAMiff JARUBHUM 7369 Frl 2V07 Sun 27/07 MATHU BHUM- 340N Wd 23/07 S« 28/07 ***** XETHA BHUM 211N Thu 24/07 Sun 27/07 FiMANO
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      Page 38 Advertisements Column 2
      609 38 PUL INTERNATIONAL UNE PUL INTERNATIONAL MaMtaniKi) isus/nw Y»l 1 art I OM mm MKI AID I 42S I MfT IW I 24/07 1 iAT I If/U I ggflgaar uli I Sjij ft I fflj jfchSfiy| macon 'Wifift j I w<y WISB WP gal BVD I 9731 I 2S/07 I MOM
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      Page 38 Advertisements Column 3
      810 38 a ACCORD A SHIPPING PTE LTD MlB m: *****56 (40 Unas) FAX: *****46 POtTKUUK (03) M7IMI /g DIRECT ACCESS YIL: *****57 (EXPOOT BOOKING) USB GUDAMG (WUMV7 *****17 (EXPORT DOC), *****64 (IMPOST) fOUNG (04) Ui 144) ,-m-- UOUjHTTP://WWW ACCORD. COM. SO JAKAMTA (71) $4C 0/79 VAA/ poti m tin pot ra
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      Page 39 Advertisements Column 1
      448 39 SINO EXPRESS SHIPPING rr 11 COLLYER QUAY #06-01 THE ARCADE SINOTRANSI t/y 8 (*****7). TEL: *****90 FAX: *****98 \V^UJJZ^ TLX: R*****1 BINOEX NQ/ SINOTRANS SNANSNAI (CONTAINER SERVICE) VESSa VOYA6E ETA SIWGAPOKE ETA HONGKONG ETA SHANGHAI NOROSUNO 9702 18/07 24/07 28/07 I NEW HAIHUNG I 9706 25/07 30/07 04/08 6000 WHi
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      Page 39 Advertisements Column 2
      433 39 jMap|j|H||||j||k ■sv TRADER 22/07 27/07 NvVRdnVAtM/UK I muRAT KJRAN 1000 NarvfVJm/Atw/BmnAJK I storm VV»NO 15AM 18/06 NarVRdrvAtWUK I ■OCEAN ISLAND 15/08 NwVRdrrVAIWVJK Loads EVW M«ayM. IndonMM 1 ■sea RESOURCE Hodaidah/JackMVAqaba/Egypt I ■c. KAPTANOGLU J«d<to*VAqaba/Egypt/Syrt« I ■ARETUS Dubai/Bahrain/DaiTvnarVKuwatt ■MULPHA seu Dubai/Bahrain/Dvnman/KuwaN I ■uDtAS JaddahfAqabd/Algaria I •Loads Slngipow, E./W. Mdayaia. Indonsaia I
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      Page 40 Advertisements Column 1
      673 40 Shipping Times •'"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. nit Call 740-6000 Press"l" key in Document Code Key in your fax
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      134 41 t LEGEND: R Thunderstorm Temperature c A V Show«r Weother -->/ Wmd direction with speed m knots Roan V. Cloudy Sky Wov Serfoce winds or* mdicoted by arrows which Hy with the wind Vl/ Or>« tu« arete represents calm or bght and variable winds i-_ One half Heche represents 5
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