The Business Times, 24 July 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85< SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 24,1997
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  • 680 1  -  He says US economy is in exceptional shape; inflation is modest From Leon Hadar Andrew Marks in New York FEDERAL Reserve chairman Alan Greenspan has probably given the bull run on Wall Street a further lease by declaring that the US
    Source: Bloomberg  -  680 words
  • 98 1 Reuter [NEW YORK] US stocks were trading substantially below session highs in noon trading yesterday, shortly after comments by Federal Reserve vice-chairman Alice Rivlin to the House Banking Committee. Ms Rivlin warned of the risk of higher US inflation and said it
    Reuter  -  98 words
  • 343 1  -  June export numbers and buoyant Wall St add to optimum By R Sivanithy [SINGAPORE] US dollar issues yesterday sprang back into favour in the local stock market after a two-day break, while firm demand for electronics counters pushed Sesdaq to a 3-year
    Source: Bloomberg  -  343 words
  • 583 1  -  On entry of GLOs into property, he says not practical to stop them By\ Siow Li Sen (SINGAPORE] There will be no raising of the 80 per cent limit oa housing loans, said Finance Minister Richard Hu yesterday in Parliament. Referring to
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  • Page 1 Advertisements
    • 98 1 iwuni ISSSIESSSu* bonds. The property developer is the first Thai fcrtl*i*bt. P|tt vl. V. Singapore Trial ■itiiHiifc'Stions begins its defence today in the High Court against a claim by a computer copyright has been i>i InUrmgea by Sing Tel, P|2 sf£, I I I saw**** 'pMHi oome to a standstill,
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    • 23 1 flrewf n'l testimony: excerpts of speech, Pg 10 New US index shows June prices at slower pace, Pg 9 Market reports, Pg 22-26
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    • 88 1 ViV v VI iH v« -j| RBirrtß and Laos and Myanmar make nine [KUALA LUMPUR] Malaysian Foreign Minister Abdullah Ahmad Badawi (centre) clasping hands with his Myanmar counterpart UOhnGyaw (right) and Laos' Foreign Minister Somsavat Lengsavad (second from left) as Thai Foreign Minister Prachuab Chaiyasan looked ok. Myanmar and Laos
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    • 5 1 ParHißMit i iptf, Pg 2
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  • SINGAPORE AT HOME & ABROAD
    • 467 2  -  YESTERDAY IN PARLIAMENT Composition of exports makes the difference: Dr Ha By\ Siow Li Sen THE recent appreciation of the Singapore dollar vis-a-vis regional currencies should not pose a significant threat to competitiveness because Singapore's exports are different from its neighbours', Finance
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    • 624 2  -  Trade Industry Minister spells oat the many different schemes available Byi Chuang Peck Ming MEMBERS of Parliament yesterday sat through another session to hear this time from Trade and Industry Minister Lee Yock Suan how much the government is doing to help
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    • 232 2  -  By] Eugene Low NATIONAL Computer Board subsidiary National Computer Systems yesterday signed two contracts totalling $32 mil lion with (he Ministry of Home Affairs for IT projects that Include producing tamp-er-proof passports. The.bigger contract, the 121.6 million Service Level Agreement (SLA), will see
      232 words
    • 348 2  -  Programmer alleges copyright infringement in message paging By' Teh Hooi Ling SINGAPORE Telecommunications begins its defence today in the High Court against a claim by a computer programmer that his copyright has been infringed by Sing Tel. Chua Phuay Kiang is suing
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    • IN Brief
      • 85 2 THE current version of the electronic road pricing (ERP) In-vehicle Unit, the gadget to be fitted into vehicles for the scheme, is not integrated with electronic-timer parking meters because implementing ERP takes priority, said Minister of State (Communications) John Chen. But, Mr Chen
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      • 48 2 THE government's efforts to make Singapore an information hub have been "quite successful", Senior Parliamentary Secretary for Information and the Arts Yatiman Yusof said yesterday. There are now 22 satellite broadcasters and 45 post-production houses operating from Singapore, he noted.
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      • 67 2 IN the years 1994-96, the only publication banned by the government was that of the International Bible Students Association, which was part of the outlawed Jehovah's Witnesses group, Senior Parliamentary Secretary finInformation and the Arts Yatiman Yusof said. During the period, 2,628 new local publications
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      • 62 2 THE allowances for a legislative assistant have been cut for Non-Constituency and Nominated Members of Parliament because it has been found their workload is not 1 as heavy as that of elected MPs, Leader of the House Wong Kan Seng said. But if the workload
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      • 84 2 THE government has yet to determine die amount of losses that Chartered Ammunition Industries PteLAd(CAI) suffered in its investment in Sino-Singapore Medical Disposables (Pte) Ltd (SSMD), a joint venture wlth a Chinese company to make military medicine. Finance Minister Richard Hu said. But CAI, a subsldiaryof Singapore
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    • 358 2  -  EYE OH THE ECONOMY Inflation By] Diana Oon INFLATION in June was 1.7 per cent, up 0.1 point over May's 1.6 per cent. The latest rate of increase in the consumer price index (CPI) brings to 1.7 per cent the average inflation in
      Source:; ALLAN  -  358 words
    • NEWS Roundup
      • 79 2 SINGAPORE Airlines said yesterday that the Thai air force, navy, army and police are continuing their starch aikl rescue efforts for the missing Learjet training craft despite heavy rain. All relevant Singapore authorities and the Singapore Embassy in Bangkok are involved in the reecueeffort.
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      • 66 2 NTUC Income Insurance Co-operative Ltd, the Commercial and Industrial Security Corporation (Cisco) and Kurela Chemicals Singapore Pte Ltd were among 08 winners at the 1987 Total Defence A wards presentation officiated by Deputy Prime Minister Tony Tan leat night Income won the highest Special
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      • 40 2 THE Sarawak Tourism Board has appointed Batey Advertising and MDK Consultants Singapore to bandit Hi new worldwide communication and advertising campaign. Hie campaign will be launched soon aa part of Sarawak's new image promotion.
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      • 76 2 ABOUT 70 insurance professors, ressarchersand practitioners will attend the first gathering of Asia-Pacific risk management and insurance scholars to be held in Singapore on Sept 5-6. The Inaugural conference of the region's scholars in this field will also propose the creation of an Asia-Pacific Risk
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    • 580 3  -  Grosvenor's RHQ plan comes shortly after its first Asian investment via Forum By* Jenny Lam UK's biggest private property group Grosvenor Estate Holdings (GEH), which has just made its first Asian investment via Forum the Shopping Mall here, will be
      ERIC CHU  -  580 words
  • Page 2 Advertisements
    • 129 2 ■SII'V DA^ii I W I GUARANTEE t*L~. j.**f'tT Introducing our Dollar-lor-Dollar Buy I Back Guarantee, specially designed I to protect your investment in our FIAT I Brava. As you know, your car I depreciates tf.e minute you V buy it, and the depreciation can be much more if COE levels
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    • 32 2 For Horn* or Offtco deliver)** of: The Straits Times, The Sunday Times. The Business Times, UanHe Zaoßao, Berita Ha nan, Berita Minggu, Shin Min Daily News. LianHe Wanßao call our Hotline 1800-749-2577.
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    • 9 2 B MIKIMOTO The Originator of Cultured Pearb Since IW3
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  • Page 3 Advertisements
    • 93 3 ■Wre meeting with the regional people in Singapore next know place? It's got to be right in the m f tnPV TP heart of Orchard Road. And m j 1/ m J| 1 \A I ||1 IT about the Royal Crowne Plaza. A variety of meeting venues to choose from
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    • 114 3 TBgrr Bk i I y>r > i jUi ii f if' i I i ill r^i I'l w*|" *t* ■f I —t"~ I j i 111 j —yt rM"? j -fas~i~T- f~' -j- i ~H~ ■L. i i -it, j B B' B i{ I n 1 i i i
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  • FOCUS: PROPERTY
    • 575 4  -  Fewer sale ads; owners asking for below valuation prices By. Abdul Hadhi (SINGAPORE] THE HUDC mar ket has come to a standstill, with property agents reporting minimal transactions in May and June. The Straits Times Classified section, which used to have IVi to two columns
      FILE PHOTO  -  575 words
    • 364 4 HDB transactions from June 20 to July 18,1997 SSL. S IS 9B "K S BtBatofcWest Ave6 2366 1/7/97 807 196 246 Bl Beta* St 21 2365 11/7/97 807 205 254 Bt Betok West Av« 8 2365 M/7/97 807 188 2» Jurong West St 51 2264 14/7797 807 193
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  • Page 4 Advertisements
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    • 222 4 SUNTEC TOWER ONE THE PENTHOUSE FOR COMPANIES WHO NEED 1 QUALITY SERVICES. FACILITIES I business centre! professional management >■ Fully Furnished Serviced Offices with Unsurpased Views >• Multi-lingual Secretarial Support >• Personalized Telephone Answering >• 24 Hours Access with Security Cameras >• Flexible Leasing Terms >• Conference Latest AV Facilities
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  • SOUTH-EAST ASIA
    • 511 5  -  akbam mnanntmi. mhhtdki Aftttiw mititiiitifn tfH* to continue as Ung Huot confirms ctangß rfpfllkatyßmiSfln Reports by Ronnie Lim [KUALA LUMPUR] It's still "No" to Cambodia's admission into Asean for now, the grouping's foreign ministers reiterated at a special meeting
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    • 265 5 KUALA LUMPUR THE US wants to coordinate its position with Asean to find a solution to the Cambodian problem, US special envoy on Cambodia Stephen Solarz said yesterday morning after meeting Malaysian Foreign Minister Abdullah Badawi. Speaking to pressmen at Wisma Putra, Mr Solarz
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    • 286 5 BANGKOK Thai anit fells to new low before recovering official* moiling secret options AFP Bloomberg Reuter THE Thai baht plunged to a record low yesterday amid disappointment with government plans to shore up liquidity and a sharp drop on the bourse ahead of
      AFP; Bloomberg; Reuter  -  286 words
    • 241 5  -  KUALA LUMPUR Owners of condos face pitfall in sob-sale market By Eddie Toh BUYERS of Malaysian properties, especially new condominiums or apartments, will have to watch out for another pitfall besides a host of regulations. The Malaysian government has disclosed
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    • 309 5  -  MANILA By, Al Labita SINGAPORE'S DBS Bank and other leading banks have slashed their prime lending rates here to keep pace with an easing peso-dollar exchange rate. DBS, one of the Philippines' 14 foreign banks, now lends at a range of 22-26 per cent
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  • Page 5 Advertisements
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    • 16 5 Japaa may help Thais prop up economy, Pg 7 defaults on USSSOm in bonds, Pg 16
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  • CHINA-HONGKONG-TAIWAN
    • 415 6 TOKYO Offer comes as HK drops opposition to Taiwan's application to join WTO FT TAIWAN has indicated it would lift long-standing curbs on inward investments by China-backed companies based in Hongkong. The offer came as Hongkong agreed to drop its opposition
      FT  -  415 words
    • 197 6 TAIPEI Reuter TAIWAN President Lee Tenghui yesterday gave the first explicit deadline for a longplanned reshuffle of his cabinet, saying it would be completed on Aug 30. "We will complete the cabinet reshuffle at the end of August, on Aug 30, in order to
      Reuter  -  197 words
    • 406 6  -  LONDON He says last governor harmed, rather than helped, democracy By\ Neil Behrmann ALLEGATIONS that former British ministers and their advisers concluded a secret Hongkong deal with China have been vigorously denied by Percy Cradock, former British ambassador to China. In
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    • 363 6  -  HONGKONG By Quak Hiang Whai FORMER Hongkong governor Chris Patten was astonished when he saw that former senior foreign affairs adviser Percy Cradock was on the invitation list drafted by the British Foreign Office for the handover ceremony on June
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    • 652 6  -  asm* watch Next congress may see break with key principle of state ownership dominance By Lu Ning CHINA'S President Jiang Zemin made a speech at the Central Party School of the Communist Party in late May. At first nobody paid much attention as
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  • Page 6 Advertisements
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  • ASIA
    • 416 7  -  TOKYO Key topic in talks expected to be turbulence in the region's forex markets By. Anthony Rowley CENTRAL bank governors from 11 countries in Asia and Oceania will meet in Shanghai tomorrow and foreign exchange market turbulence in the region is expected to
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    • 348 7 SEOUL Sargftraflectsapenmg of markets since (gantry joined OECD Bloomberg FOREIGN investors poured a record U554.46 billion (556.5 billion) into South Korea in the first six months following government efforts to lower barriers to investment. Foreign direct investment jumped 250 per cent from US$l.27
      Bloomberg  -  348 words
    • 343 7 SYDNEY Reuter [SYDNEY] Australia announced record low inflation yesterday, increasing the chances of another interest rate cut to promote growth and cut unemployment. The Consumer Price Index (CPI) for the June quarter fell by 0.2 per cent for an annual rise of 0.3 per cent,
      Reuter; REUTER  -  343 words
    • 180 7 NEW DELHI AFP INDIA will free its official television and radio networks from state control soon to rid them of their image as government mouthpieces, newspapers reported yesterday. Information Minister S Jaipal Reddy, in a surprise announcement on Toesday, said an act,
      AFP  -  180 words
    • 308 7 TOKYO Reuter JAPAN may help Thailand shore up its sagging economy and get over the baht crisis, but Bangkok cannot tap. Tokyo's coffers to bail out Thai financial institutions, monetary sources said yesterday. Japan's assistance also hinges on whether Bangkok decides to
      Reuter  -  308 words
  • Page 7 Advertisements
    • 179 7 Christofle /pSr' Povion Christofle The Shopping Gallery, 402-11/12 Hilton International Singapore, 561 Orchard Road, Singapore *****3. Tel 733 7257. Etpace Chriatofle IcMmsm 171 Orchard Road, Lmt 4, Centrepoint, Singapore 23M43. bctaa SeaNi Level 4,350 Orchard Road, Shaw Howe, Singapore *****8 Tanp kscnent, 310 li 320 Orchard Road, Singapore *****4 bctaa
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  • Page 8 Advertisements
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  • THE WORLD
    • 470 9 WASHINGTON Fignre revives hopes that govt can pull in enough cash to beat deficit by end-1998 Reuter THE federal budget deficit shrivelled to US$lO.B7 billion (5515.89 billion) for the first nine months of the fiscal year as a vibrant economy generated a
      Reuter  -  470 words
    • 345 9 WASHINGTON Markets take little notice of report; long bonds little ehanffid Bloomberg THE US experimental consumer price index showed prices in June rose at a slower pace than indicated by the government's main inflation gauge one more sign inflation remains
      Bloomberg  -  345 words
    • 285 9 ZURICH AFP SWISS banks are holding 60 million Swiss francs (SSS9 million) in dormant Nazi-era accounts opened by foreigners, 20 million francs more than previous estimates in 1996, according to new figures issued here yesterday by the Swiss Bankers Association (SBA). This
      AFP; REUTER  -  285 words
    • 230 9 BRUSSELS Cencesriona by Boeing ease fears of a trade war Reuter THE European Commission yesterday recommended approval of a planned US$l5 billion (Ss22 billion) merger between US aircraft groups Boeing and McDonnell Douglas as concessions by Boeing eased fears of a trade war. The
      Reuter  -  230 words
    • 160 9 LONDON AFP THE British government on Tuesday announced plans to create a 60-member parliament for Wales, granting it a £7.5 billion (5*18.5 billion) budget and autonomy to decide on issues of education, health and transport. The plan, entitled "A voice for Wales", will
      AFP  -  160 words
  • Page 9 Advertisements
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  • FOCUS
    • 1826 10 Excerpts of Federal Reserve chairman Alan Greenspan's testimony to the US Congress on Tuesday THE recent performance of the economy, characterised by strong growth and low inflation, has been exceptional and better than most anticipated. During the first quarter of 1997, real GDP
      AFP  -  1,826 words
  • Page 10 Advertisements

  • EDITORIAL & OPINION
    • 731 11  -  THB BOTTOM LDVE OPINION By Leon Hadar The writer, BT's Washington correspondent, visited Silicon Valley recently THERE is a sense of haughtiness one detects in conversations with leaders of the knowledge industries in California as they discuss the role of Asia in the information
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    • 112 11 'I told the Romanians that more of them should emigrate.' -JeuLncDehMM Belgian Prime Minister, claiming that large Czech, Polish and Hungarian communities in the US have motivated American policy on Nato expansion. 'I wonder how I won the prize for literature. I keep running out of expressions
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    • 604 11 EDITORIAL Proposals to overhaul the United Nations came under scrutiny last week with secretary-general Kofi Annan unveiling the muchawaited 90-page document to trim the bloated 52-year-old agency and the United States proposing the inclusion of three developing countries in the Security Council. But only the most
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    • 1144 11  -  Goverament's spendthrift ways set course for economic collapse By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT INDIA is headed for a financial crisis that has already snuffed out the industrial boom that began in 1994, and is
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    • 353 11  -  MHn.BOT Murray McLean Australian High Commissioner in Singapore SELDOM does a letter written to a newspaper editor defy belief to the extent that Patrick Ngai's correspondence to you, through the Internet, did on July 22. I refer to his letter headlined "Asians should avoid Australia". Not
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    • 263 11  -  Greg Kennedy BUSINESS Times must take full responsibility for perpetuating the Australian antiAsian myth as exposed by Patrick Ngai (BT, July 22). Never have your readers been subjected to such loose translation of truth than the nonsense perpetuated by Ngai. As an
      263 words
    • 174 11  -  Asahi Shimbun TURBULENCE has hit foreign exchange markets in Southeast Asian countries as the currency crisis in Thailand has jostled those in the Philippines, Malaysia and Singapore. Faced with a huge sell-off by international speculators, these countries have practically been forced to devalue their currencies. There
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  • Page 11 Miscellaneous

  • Page 12 Advertisements
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    • 75 13 24-hour Coffee Hons* l«t floor The CHicken Rice Capital Of The World —11te--333 Orchard Road, Singapore *****7. Tel: 737 4411 I Mdvuvy^ *.V ►The new Phoenix Garden' Cafe is new open t Right bithe-heert of Orchard Road r < Popular Buffet Umch, High Tm and Dinner v ►Two function rooms,
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  • Page 13 Miscellaneous
    • 728 13 lir'Vv; TV&BAPIO UO Talking Point. BJO IniyavaiSila. 9130 Chicago Hope —Love On UO Paramapadam. f ftN PM TV Innovations. The Rocks (See Our 7JOO Enakkulae Naan. Ut.vJ UO The Winners. Choice). 7.30 TamilSeithiNews(T). v .9 r &M Money, Money, Money. MkM News 5 Tonight. 8.00 Berita 12 (M). M&»| <
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    • 286 13 CRYPTIC CROSSWORD 1 Loyalty, for example, in mar6 Make a garment to clothe male 10 Gallery's opening, these days, 13 Aromatic ingredients as I need ll lBf®"~ I I to cook (7) 15 Rises for Conservative mem- t 16 One of his girb went out with a 1 1 1
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  • EXECUTIVE LIFESTYLE
    • 440 14  -  Attractive floral arrangements can be made with everyday objects, says CORINNE KERK CORINNE KERK WHEN it comes to floral designs for the home, most people simply cannot go beyond sticking a bunch offlowersina vase and hoping they stay fresh enough to impress. Sending flowers as gifts also
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  • Page 14 Advertisements
    • 106 14 SALUT RESTAURANT WINE BAR mm I TM A celebration of 'Border culture mitfi French Italian cuisine. gap V Set Lunch mem ais32.(Xh-++* or a choice of a (a carte. J J3/Tspecially prepared by Mead Chef TQui (DoSCer. *Our 'Executive Set Luncfi menu changes every Monday and Thursday. To place rtsOMtions
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    • 653 14 INVESTMENT (SINGAPORE) LIMITED (lnooipor—d in tw Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN toat an Extraordnary General Meeting of the Company wff be held at 143 Ced Street *11-01, GB BuMng. Sngapofe *****2, on 8 August 1997, at 11.00 a.m., lor 9m purpoee of coneidering
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  • COMPANIES & MARKETS
    • 323 15  -  By i Clarissa Tan [SINGAPORE] Corporate governance or how companies are directed and controlled for accountability towards shareholders is evidently a hot topic in Singapore, if response to tomorrow's seminar on this subject is anything to go by. The Stock Exchange of Singapore, organiser
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    • 168 15 Funds will be nsed for projects, refinancing bonds maturing in '97 [SINGAPORE] Property developer First Capital Corporation is proposing a $150 million bond issue to finance its development projects and to refinance its bonds maturing this year. Issue manager OCBC Bank has structured the issue
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    • 591 15  -  HOCK LOCK SIEW Bruce Cheesman TAIWAN stocks have earned the dubious distinction of being the most expensive in Asia outside of Japan, which is generally considered to be in a world of its own in terms of price-to-eamings (PE) ratio. But
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    • 394 15  -  It plans to have over 100 cafes there through franchisee, partner Citra Bonang By< Clarissa Tan [SINGAPORE] After cornering the deli market here, Delifrance is taking its market strategy to the region. First in line will be Indonesia, where the Singapore mainboard-listed company is planning
      FILE PICTURE  -  394 words
    • 420 15  -  Choice of cash or cash-cum-SembCorp shares given By 1 Conrad Raj [SINGAPORE] Sembawang Corporation, which is merging its shipyard operations with Jurong Shipyard (JSL), has after more than eight months finally come out with its takeover offer terms for the latter company. After acquiring
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    • 126 15 Bloomberg [SINGAPORE] Jack Chia MPH Ltd, a Singapore publishing and confectionery company, said it agreed to buy an Indonesian candy company for US$5.7 million (SsB.3 million). The confectionery company, PT Hudson Indonesia Ltd, owns a manufacturing plant in the Indonesian city of
      Bloomberg  -  126 words
    • REGIONAL COMPANIES
      • 367 16 Property developer becomes first Thai firm to default on foreign debt Bloomberg [BANGKOK] Somprasong Land pic, a Bangkok property developer, was declared formally in default of US$BO million (*****.9 million) in convertible bonds, becoming the first Thai company to default on its foreign
        Bloomberg  -  367 words
      • 82 16 Reuter [SINGAPORE] Diversified engineering and trading company Lindeteves-Jacoberg Ltd yesterday said it had agreed to supply power to a company in Manila. The contract with Holland Pacific Paper Inc will involve an estimated investment of US$3 million (554.4 million), financed by internal sources and bank borrowings,
        Reuter  -  82 words
      • 582 16  -  2b b&ht deal will help National qualify for fall banking licence From, Harish Mehta in Ikmgkok THAILAND'S third-largest finance company, National Finance and Securities pic, is taking over the much smaller Ekachart Finance and Securities pic in a 1.9 billion baht (5588.9 million) deal
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      • 305 16 Move to avoid confusion with Beij&ya group Bernama AFX-Asia [KUALA LUMPUR] Berjaya Industrial Bhd said its shareholders have passed a resolution to change the name of the company to RekaPacific Bhd at an extraordinary general meeting yesterday. The company said in a statement
        Bernama; AFX-Asia  -  305 words
      • 181 16 AFP [MANILA! Philippine National Bank said net profit rose 36 per cent year-on-year to 955 million pesos (Ss49 million) in the six months to June, just off its one-billion-peso target. Interest income from loans, bonds and deposits with banks totalled 7.8 billion
        AFP  -  181 words
      • 221 16 Bernama [KUALA LUMPUR] The Securities Commission will impose due diligence obligations on persons involved in takeover and merger transactions by the end of the year, said chairman Munir Abdul Majid. "All these provisions are for the purpose of providing the investing public
        Bernama  -  221 words
      • 428 17 Sating agency pots their exposure to ailing Kia Group at L 7 trillion won AFP Reuter [SEOUL] Standard and Poor's rating agency yesterday placed five South Korean banks on "credit watch with negative implications", citing their exposure to the ailing Kia Group, the
        AFP; Reuter  -  428 words
      • 148 17 Bloomberg [HONGKONG] New World Development and its subsidiary, New World Infrastructure, are being sued by a software industry group claiming the Hongkong companies are using pirated computer software. The Business Software Alliance (BSA) said it is taking the New World Group companies to court
        Bloomberg  -  148 words
      • 561 17 Company denies it will close non-bank lender, 2 affiliates Bloomberg [TOKYO! Shares of Sanyo Securities Co fell 8 per cent to a record low yesterday after the Japan Industrial Journal newspaper said the brokerage plans to close a non-bank lender strapped with bad debt
        Bloomberg; Source: Bloomberg  -  561 words
    • INTERNATIONAL COMPANIES
      • 496 18 XafartfPepi-GtU and Lay's chips expects better earnings in second half Bloomberg [PURCHASE, New York] PepsiCo Inc's second-quarter earnings rose 7 per cent, matching some analysts' forecasts, amid higher profits from its snacks and restaurants. The maker of Pepsi-Cola and Lay's chips
        Bloomberg  -  496 words
      • 340 18 OlWpilHllMi from lower expenses, tax ratec analysts Reuter (LOS ANGELES] Walt Disney Co on Tuesday reported better than expected profits for its fiscal third quarter, reflecting record attendance at its theme parks and solid results from films such as Con Air,
        Reuter  -  340 words
      • 289 18 Bloomberg [LONDON] Reuters Holdings pic said first-half earnings per share fell a more-than-expec-ted 3 per cent after the continued strength of sterling dented revenue and operating profit. The world's largest financial information distributor said earnings per share for the six months to June 30
        Bloomberg  -  289 words
      • 258 18 NYT [NEW YORK] The North American telecommunications industry's twin pistons of growth wireless telephones and the Internet fired robust quarterly financial reports on Tuesday from the northeast's two largest local telephone companies and from Northern Telecom of Canada, a major maker of
        NYT  -  258 words
      • 155 19 Bloomberg [NEW YORK] Julian Robertson Jr, one of the US' biggest hedge fund managers, officially started his US$l billion (551.46 billion) suit against McGraw-Hill Cos over an allegedly defamatory profile in Business Week, a spokesman for Mr Robertson said on Tuesday. Mr Robertson, chairman
        Bloomberg  -  155 words
      • 358 19 Changes aimed at puffing up hardware results, say analysts Reuter [NEW YORK] IBM on Tuesday announced a reorganisation of some of its major businesses and key executive changes, moves analysts said seemed to be aimed at improving sluggish hardware results. IBM also said
        Reuter  -  358 words
      • 295 19 NYT [NEW YORK] After nearly a year of legal and political battles involving the mayor of New York and the two biggest US media barons, the Time Warner cable system has agreed to carry Rupert Murdoch's 24-hour Fox news channel, executives close to the discussions
        NYT  -  295 words
    • FINANCE & COMMODITIES
      • 376 20 tralhg, ctmmissKn kMHAKMIk ■ark in first half Reuter CFRANKFURTJ Deutsche Bank yesterday sent its share price surging more than 5 per cent by reporting a bigger than expected 28 per cent jump in interim net income. This year's inexorable rally
        Reuter; Source: Bloomberg  -  376 words
      • 328 20 Bloomberg [NEW YORK] Many wealthy investors who put their money in hedge ftinds would have been better off investing in a stock index mutual fund for the first half of this year. While funds that track the Standard Poor's 500 Index
        Bloomberg  -  328 words
      • 492 20 Bloomberg [BEIJING] China's zinc producers could book huge losses after misreading the world zinc market, officials said. According to China Metals, a fortnightly report published by Xinhua, zinc smelter directors at the end of 1996 expected world prices this year of about
        Bloomberg  -  492 words
      • 362 20 US investors feel these markets will thrive amid the search for higher yields Reuter [NEW YORK] The recent turmoil in Asian currency markets has not undercut prospects for emerging debt assets, as US investors remain convinced the markets will thrive amid a global
        Reuter  -  362 words
      • 217 20 tjeport Reuter [SINGAPORE] Simex Euroyen futures rose yesterday on renewed hope Japan would maintain a low interest rate regime against a backdrop of steady US interest rates. Federal Reserve chairman Alan Greenspan's comments in the first half of semi-annual congressional testimony, suggesting the Fed
        Reuter  -  217 words
      • 155 20  -  MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract feU yesterday in line with the cash index, pushing the July contract down 74 ticks to 402.3. Banking and insurance were
        155 words
      • 280 20 ENERGY REPORT Reuter [DUßAl] Smuggling of Iraqi diesel oil has become widespread in the Gulf with a market created by local and international shipping firms eager to buy cheap fuel to power their vessels, Gulf shipping sources said yesterday. As Iraqi and United
        Reuter  -  280 words
      • 278 20 Reuter THE US dollar continued to scale the heights against European currencies, especially against a weakened mark. The dollar, which zipped up through the resistance level of 1.82 marks in New York on Tuesday, got over 1.83 marks here yesterday to its highest level since July 1991, before
        Reuter  -  278 words
      • Article, Illustration
        262 20 DffiniBlllKCTMWgKATTB8 EATM Jul23 Om*m 3 3/4 3 7/9 Mtll 41/1 4VI Z*W>Hl 4V4 4VZ MMft 4 VI 41/1 Pnul|M—«r 4 5* «_$SE Tin f£ i (MM 5V2 JW 2m«i t*» StWI i 3MUM SM SIM j 4mh> mm sum tMH 31/4 57/1 BMM sum S«M lit !L—*fe ini tvz tyi
        262 words
    • 1309 21 gOOM rUTUEBg MM u* own) 55 fig: I 3* M02S MIS £5 SS ms iRff 1£* Mg 5052 t 82.00 1500 8900 Mi j555 *25 SW £5 two 7» MO SI £3 3S Kffff WJ5 9US J* 200 Sn 5&» iS 3555 104.00 BOO »W0 mg UU g
      1,309 words
    • 1891 21 MB N— *h Group *1 AS Ports .232.400 2 Abboy National ****** -IS AModOomacq 454 *2*00 An *4 unci) Asda Group 14* ♦••O? •ATM— S29 "MOO POHC 241.400 -8*00 MCC 162.400 -**00 BOC Group 1143 70*00 BRPotrotaum *24 *15 BTR 195 »*00 Bank of Scotland 440*00 *11 Bsrtlayi <277 *1
      1,891 words
    • 1584 21 AFP Q Nikkei 225 SHARES closed slightly lower yesterday as prices reversed early gains after a lack of follow-through buying triggered profit-taking. Brokers said share prices opened higher on the back of a record high on Wall Street. But prices were undermined by a lack of follow-through support which
      AFP  -  1,584 words
    • Article, Illustration
      1428 22 Bloomberg WaugSei ♦MSLO3 STOCKS rallied to a record high yesterday, following Federal Reserve chairman Alan Greenspan's suggestion on Tuesday that interest rates will remain unchanged. rLS and property developwhose profits are most sensitive to interest rates, sained the most. Hongkong interest rates track US rates because their currencies are
      Bloomberg  -  1,428 words
    • Article, Illustration
      632 22 Reuter QshaAaßMai *U3 THE Shenzhen B share market closed higher in sluggish trade yesterday, despite a drop in the A Share Index. The B Index rose 1.23 points to 133.33 on turnover of HK$44 million. The A Share Index shed 1.19 points to 421.21 on turnover of 7.7 billion
      Reuter  -  632 words
    • 323 22 AFP PWFMg -Mm STOCKS fell 1.8 per cent yesterday as investors sought to reduce share holdings while the market was undergoing a consolidation, brokers said. "The market opened higher but profit-taking pressure knocked down the index into negative territory," said a trader. He added that investors declined to buy
      AFP  -  323 words
    • 238 22 Bloomberg QWeDmgMo +3U5 SHARES rose after bond yields declined, boosting the appeal of stocks. The NZSE Top 40-share Index rose 31.15 points to close at 2,484.97. Trading was valued at NZ$7l.6 million. Bloomberg mu us cmm AM28*nWnq ItiO >0J0 ***** MlWlUHHMp L06 -002 9000 Mr Mtv ZMHnt (AJ J.06
      Bloomberg  -  238 words
    • Article, Illustration
      728 22 AFP nsBTMw -«J> SHARE prices slumped 4.3 per cent yesterday, led down by banking and finance stocks on concerns over non-performing loans and the declining value of the baht Analysts said the bourse dropped as the baht reached a record low against the US dollar, and investors braced for
      AFP  -  728 words
    • 336 22 AFP QOfiiiMß +4H SHARE prices closed higher yesterday in light trading on bargain hunting following three days of falls. The market opened lower but received a moderate boost from institutional buying of heavyweight shares late in the day. Most dealers described the day's trade as technical. The Composite Index
      AFP  -  336 words
    • 510 22 AFP HAn Priori* *«J» SHARE prices rose yesterday on the back of Wall Street's performance and by positive inflation data that revived talk of an interest rate cut "The strength on Wall Street got everything off. And then those consumer price index numbers came out and just emphasised the
      AFP  -  510 words
    • Article, Illustration
      702 22 AFP QftmiriUMß 415 SHARE prices closed higher yesterday on the back of mild gains in heavyweight stocks following a slight strengthening in the rupiah. "Basically, the market is still waiting for farther development in the rupiah but some investors were confident that the currency will not be devalued," said
      AFP  -  702 words
    • 247 22 AFP □Manila -MM SHARE prices closed lower yesterday amid fears that a depreciated peso and high interest rates would eat into second half corporate profits. The Composite Index lost 20.36 points to 2,636.37. Turnover was 3.894 billion shares worth 1.506 billion pesos. PLDT fell 30 pesos to 920, while
      AFP  -  247 words
    • KUALA LUMPUR STOCK MARKET
      • 7397 23 Cmmt pnMs mr LM< w oay t* I— U. Cllllllt M, W H» U« Wt tmrn 790 MO AJInomoto 549 30.2 220.9 44* m tSSSr. 310 6 14 310 304 93 457^ 90S *10 App4oro44Ml4 B5 -5 4 440 655 262.0 35 5a S$S5m -jg 148 545 570 >4.4 3MX3
        7,397 words
      • 324 23 AFX-Asia QOnpoatebin ♦110t SHARE prices closed higher yesterday, led up by interest in blue chips with sentiment buoyed by Malaysian Prime Minister Mahathir j Mohamad's return to office, dealers said. The KLSE composite index closed up 16.06 points at 1,034.07. The Emas Index
        AFX-Asia  -  324 words
    • WARRANTS & OPTIONS
      • 3129 24 Lad Vat Day Last Om>i A«« M*u. Mm *ar- fOOO) t—» f Wee U *15* 3000 l«AMOSc5-5%*****6_—— 44.5 JJ 60* 67 415 3160 Acar W*****I USS *0 280 61 59 59.5 W 131 68 3164 Acma W0W724 —70 1 36 70 S3 26 3161 AJTacXWOWOT 2 66.5 67 102 46
        3,129 words
      • 193 24  -  WARRANT WATCH By] R Sivanithy WE ARE into our third consecutive day of looking for warrants on shares that have bombed out and there's no shortage of suitable candidates. Today's feature is the warrant by Malaysian construction firm MTD Capital which, like the two
        193 words
    • 1480 24 Transaction Date Jul 23 MUMMSIMM s .js, ~-v-.e*sl i x rx ssr 478 270 mi 5000 AJSSSOc 267 H5 2 2. 2 SJ *2 53 U »3 MJ 07 MS 5001 AMMSOc 653 »2 607 67 823 65 86 SO 13 W6 90 191 5002 Www 194 M
      1,480 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1593 25 Tumovoi cooo) wire rooo> itata a— THU >m«W cm t«m Industrial 147.M7 20X7 16JJ34 262.707 35*40 rnwKt 10,891 12.191 23,0*2 t».M2 20.534 t40£« >i n i,i t 2 Qii t A27 4,561 5.337 Z,5to 7,919 MSS "g >?£ «K 1% mtm 7 2Bt utin 21.5*4 M77 1W31 1*709 St" 179M2
        1,593 words
      • 4580 25 Transaction Date: Jiii 23| Gr Cr M Wt M»7 L«t Vol D.V Laat Quota DJ» ow VM Njj Av« Ht* Lo« StNo Company SH« fOOO) H>» L— 8«y~ 5a#ar CH M INDUSTRIALS 5146 ASE NT$10 200 US- M s 80S ges 1275 ASF UStc 100 US88S OM Q
        4,580 words
      • 1117 25 Cr Or M Wt ,997 Lot V* Day Last Ouate Wv M) Vlt M Ca» Av« Mfh Lew SIN. C*m#any M» COOP) **9* Leei Buyer Sum Cw W V* f c KfBM 186 76 e 2000 «6D HMqs 5c 113 *i 224 IU 109 113 114 3.0 6.0 0.1
        1,117 words
      • 204 26 Stecfcs Vilwi Asm FoodfcRroo i T 25,947,000 tanpnZhong 15.320.000 Popular 10c 11,405,000 Hum HsinUS20c 6.757,000 Aztech 5c 6.706.000 f ahSNng HR50c 6.542,000 *MM Capital 5,226,000 3MB United 10c 5.096,000 'Multi-Purpose 4.965.000 HatSteel50c 4.497.000 Stocks MS Fore* 39.981.811 0CBC Foreign 38.356.585 leppei Corp 29,661,607 Asia Food&Prop 26,709,820 Tianjin Zhong 24,511,450 SIA
        204 words
      • Article, Illustration
        72 26  -  bf Shiv Taneja RAFFLES MEDICAL GROUP'S share price has been on a uptrend for the past two months. Yesterday, it closed up four cents at $1.48 on a volume of 4.19 million units. Both the daily and weekly RSI and stochastics are well over 75, but the daily
        72 words
      • 687 26  -  STOCK MARKET COMMENTARY US$ stocks, Clob counters and property issues find favour; however, Sesdaq steal the limelight to end at three-year high By R Sivanithy [SINGAPORE] A firm session yesterday possibly brought on by relief that US interest rates look set to remain
        687 words
      • ON THE GRAPEVINE
        • 66 26 THE stock markets of Thailand and the Philippines are well and truly bombed out. As of yesterday, their market capitalisations are U5564.6 billion (5594.3 billion) and US$75.l billion respectively. At those levels, the markets are worth less than one stock, HSBC Holdings, whose market cap is a cool
          66 words
        • 122 26 IT SEEMS that Kevin Wallace, the former top gun at Merrill Lynch International Bank, wasn't just a private banker to the rich and famous in South-east Asia. We hear that he also acted as a de facto central banker for a handful of islands in the
          122 words
        • 73 26 MALAYSIAN Prime Minister Dr Mahathir Mohamad looked more than well rested after a long vacation. The premier, who is known to be a small eater, has put on a few kilograms after his two-month holiday in Europe, South America and Japan. "Nice to be back. Ate
          73 words
        • 77 26 CITIBANK believes it has the answer for people who can't remember who they had paid cheques to. It now attaches to monthly statements of current account miniature photocopies of the cheques paid. While Its customers can say good-bye to checking statement against cheque stubs, one wonders if
          77 words
        • 151 26 EMERGING markets may prove to be lucrative routes for SIA, but flights on these routes do not appeal to many of its crew, going by some of the horror stories we've heard. An SIA steward recently related how he had asked a stewardess to check
          151 words
  • Page 15 Advertisements
    • 67 15 Jr *|mF r mm fl %^I »W vO9HHHK'^ A *r3K\ LJI m'» A*j^b|X f*- TrrfWiliTWil^^^Bl^BßMH^Bßl fr 'VHljPiilßWHMßß^M^^B^^^^^^Ml W.»* I^/TOiWiGiWWßßHl^^^^^^^^^^^lM 3y« 4c- v>^%^ry*^fff^ynyi^ffnßß^BM^Bii^^^^^^^^^Bf Itj a. testoni HILTON HOTEL SHOPPING GALLERY MANDARIN HOTEL SHOPPING ARCADE RAFFLES HOTEL ARCADE BOLOGNA MILANO ROMA PARIS NEW YORK BEVERLIf HILLS HONOU U TOKYO OSAKA YOKOHAMA NAGOYA
      67 words

  • Page 16 Advertisements
    • 124 16 Vin-Wwt I ««m4 nmWiw tntir ntnmMv I I I (6 issues a year) I I Quarterly Magazine Asian and Global Funds Analyses 1 Yusr Ss9s 2 Yesrs SSI7S I (8 issues a year) I I Please send me the current/next issue of the Asim ftwfc taalyiM m I Please send
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    • 6 16 Her World -Its your world too'
      6 words
    • 191 16 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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  • Page 17 Advertisements
    • 103 17 14S 4 9(^oo**' i MKmtmmt** if> gßTfi 7 iB A great deal to keep you cool during the hot summer montha- Deluxe room, single or double Complimentary buffet breakfast Late check-out at no extra charge Complimentary welcome drink Complimentary daily newspaper Complimentary use of Fitness Centre Valid until 31 August
      103 words
    • 154 17 THE JAGUAR 75TH ANNIVERSARY CELEBRATION t"1 lf you b(jy a jaguar X j 6 before 31 July 1997, you get a unique $25,000 package comprising a classic wood/ leather steering wheel, wooden gearshift knob, a high performance audio system and a generous COE 7 rebate. And if you're among the
      154 words

  • Page 18 Advertisements
    • 968 18 SNMWOIO BTTTUTD BANCAWO SAN PAOLO M TORINO SW Head Office: Turin, Italy Singapore Bmch: 20 Collyer Quay #14-01/02, Tung Centre, Singapore *****9. Consolidated Balance Sheet Consolidated Statement Of Income As of December 31,1996 Asof December 31,1996 (milboa» of lire) (millioasof lilt) Assets 12/31/96 12/31/96 Cash and deposits with central baaks
      968 words
    • 80 18 91 on hand anß "hoot without sv ending an arm arifr a ley? Ofj course. Enjoy your stay in our luxuriously furnished Carlton Club rooms atxl suites complete with butler service, complimentary breakfast, evening cocktails and canapes. Carlton Club Room from SslBCT*\ Suite from SS26Cr*\ A mnnber of Curhun Hotels
      80 words

  • Page 19 Advertisements
    • 528 19 I 1 I>Masia Rct marketing in cewtniy yr Discover the Asian Marketing Landscape in the Pacific Century OMAsia'97 is the only regional conference and exhibition in Asia that brings together some 2,000 marketing professionals from aM over the world. Learn how companies do business across borders using direct mail, DRTV,
      528 words

  • Page 20 Advertisements
    • 157 20 Turning your Accountant into Superman? We must be kidding. Consider this: weigh a man down with a ton of bricks around his neck and ask him to do a backflip. Naturally, he will not manage it. Now ask your Accountant to produce timely reports when all you have given him
      157 words


  • Page 22 Advertisements
    • 28 22 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words


  • Page 24 Advertisements
    • 120 24 1 r/ £X> Tcfloradshkta No on. nwoMM up to «h« J Bat 'f fiom Tnioctod a#of <l #Wrt tttat otoo IN woi wNh your budgot. With ow 60 ># >• kMI fabrics: won of tailoring txpcrtinct, can oftor a cholco of ovor x > /Mr J 1000 dtffofont fabrics and
      120 words

  • Page 25 Advertisements
    • 76 25 Our auto listings tt£2S2*Sl won't steer you <£££££, wrong! on wheels. Lj\i i,-J^ NOW WITH JUST $50,000 GET UP TO 3.33 TIMES FINANCING. THE CITI BAN K MARGIN IR ADINC i\ (()L'NT. T() TR AD I: IN TH I. \\'11)1 ST LIS lOP MARGIN ABLE SEC I RITIES. C ALL
      76 words

  • Page 26 Advertisements
    • 319 26 BUSZNISSS Notices NOTICE IS HEREBY GIVEN that, I Lily Wong of 24 Fernwood Terrace, #15-02 Fernwood Tower Singapore *****4, have applied for a Wholesale Liquor Shop Licence in respect of M/s Bewdley (S) Pte Ltd located at 39 Genting Lane, #02-01 Minwa Industrial Bldg., Singapore *****4, and that this application
      319 words
    • 330 26 NOTICE NOTICE IS HEREBY GIVE that, I. Poh Kim Chuan of 19 Langsat Road, Singapore *****3, have applied for a Wholesale and Retail Liquor Licence in respect of M/s Poh Bian Hin Pte Ltd located at 101 Desker Road, Singapore *****3, and that this application will be considered by the
      330 words
    • 326 26 NOTICE IS HEREBY GIVEN that, I Prcm Sankar Devendra Kumar of Apt Blk 430, #08-2596, Ang Mo Kio, Ave 3, Singapore *****0, have applied for a Retail Beer Shop, in respect of M/s Devendra Trading Provision Shop located at Apt Blk 529, #01-2349. Ave 10, Ang Mo Kio, Singapore *****9,
      326 words
    • 268 26 Access timely information on DBS Unit Trusts along with commentary on worldwide stock markets direct from our fund managers. Or call our Unit Trust Hotline on 1800-535-8025. ©DBS ASSET MANAGEMENT To advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Ng Seng Huat of Blk 181, #02-462 Boon Lay
      268 words
    • 250 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAXIM INVESTMENT (S) PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of MAXIM INVESTMENT (S) PTE L TD duly convened and held Flat A-E. 1/F Block 2 Kwai Tak Industrial Centre,
      250 words
    • 318 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION (I) AND M THE MATTER OF EASTERN PROOUCTS ft TRADING ENTERPRISES SINGAPORE (PTE) LTD (Members' Voluntary Wincing up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 257 Selegie Rd #05-283 Selegie Complex.
      318 words

  • SHIPPING TIMES
    • 273 27 Bridge News Reuters f WEAKER levels were being seen in most areas of the market A rate of U5523.00 without combination port discharge was reported on the key US Gulf to Japan grain run, representing a drop of 50 cents on the last done. Futures downward trend continued.
      Bridge News; Reuters  -  273 words
    • 179 27 ®j® QmUM— «O0t 94 «004 36 KkMiMi 0X7 tmeh WO mEmm .wj "J® Hal Sun Hm—.0.995 *0j009 90 HM» mcinwn»i -HOUO 4i»»ll»MfcH> 0-94 jO£J I SSSS&rSS 38 44fl ISrSsZZItn -OM 57 SSSlttrtM 194 *0-03 4* Am* Tata vol wdi SK tabroy Matin* 173 *002 199 as f 3
      179 words
    • 508 27  -  The deal is to share vessel space and coordinate sailings in the transpacific and Asia-Europe trades By Yong Mei Fong [SINGAPORE] Hyundai Merchant Marine (HMM) has entered into a five-year agreement with the Global AUiance to share vessel space and coordinate saUings,
      508 words
    • 230 27 [SINGAPORE] Hyundai Merchant Marine (HMM) has teamed up with Shipping Corporation of India (SCI) and the two wiU kick off a new weekly fixed-day express service between Singapore and Bombay next month. According to HMM, three 600-TEU ships, two by itself
      230 words
    • 140 27 AFP [HAMBURG] The captain of the German cruise ship Hanse atic, which was stranded in the Norwegian Arctic for four days earlier this month, said on Tuesday he would no longer saU the vessel. Hartvig von Harling ran the Hanseatic aground off
      AFP  -  140 words
    • 641 27  -  SHIPSHAPE By Marcus Hand A AS the new Singapore general manager of the recently merged P&O Nedlloyd, Tony Gibson has a job that not everyone would envy. Almost as soon as he arrived in Singapore he was faced with having to
      641 words
    • 89 27 [SHANGHAI] A unidentified Second World War vintage US-built warship is berthed at a shipyard in Shanghai on Tuesday the day it went under the hammer at a local auction. The 1942 warship had been presented to the Nationalist navy by the United States but
      REUTER  -  89 words
    • 359 27  -  Seafarers, yards and port operators who count in dollars will benefit most From, Alec Almazan in Manila THE PhUippine maritime industry is one of the few local industries which count their earnings in dollars. Dollar earning businesses such as the manning
      359 words
    • 911 28 CHINA TRANSPORT: FOCUS ON LOGISTICS US firm in joint-venture with the Chinese is building China's largest logistics centre in Longhua, Guangdong Cargonews China American President Lines (APL) subsidiary, American Consolidation Services' (ACS) joint-venture logistics centre in Longhua, Guangdong, south China, will be the largest single-storey
      Cargonews China  -  911 words
    • 268 28 PAGE Eurohans 6 ACl 11 Evergreen AMI 3 Famous 7 Accord 12 Fl-Bright 6 Appenship 5 Astro 3 GUnk 4 Austral 11 Gemartrans 13 A,ant 6 Globefcnk 7 Golden 12 a-* 7 wvewvii Ddiamtnoo R m u. GuanGuan 12 ST i M sunHu
      268 words
    • 15576 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar V«s*4 Voyaga Talaphona ETA ETA Advartisar vassal Voyaga Talaptwna SIN Dast'n Nam* Nam Number Numbar SIN OtilB Nam# Kama Numbar Numbar 4MMMMNMB8MKM8iMMMNMMMMMMftMMMMMHNMMMMM0MMW88MMM8i J0IMMM8MBHBBBMMMBBMMBMBBMBMBMB88BBBBBi*B^« To BREMERHAVEN (BRV) 2057 A Germany To ABIDJAN CABJ) 2003 25/07 «/o» osen Bremen senator wftjj 65U4M1o Ivorv Coast.
      15,576 words
    • SHIPS IN PORT
      • 705 41 Vessel VoyWo Berth Arrt*»l Departure Saowano 8* *"jl2 alongside 25 07/0600 Mh 185 114 M alongside 23.07/1900 H 8etananu3 *****7 JOI alongside n S Maftassa Jrf»22 JOI alongside R TtnagaM 3JW97 J01 Jongs* C S Sunny 1 JM alongside 25.07/0700 Dm Serava 012 J02 2107^300 Helios 2 719*
        705 words
      • 1683 41 RECEIVING OF EXPORT Fa CONTAINERS AMD LCI CARGO BookbtQ/MMC* Bsth Ship Voy No Etfc/Btf Nflod FroM To FroM talkn MM WBM 1 23/800 2VHt JV»»00 23A7W 24/0*59 24/0*00 1 24/MM 24/W* 24/WOC 4 2 VUOO 24/MM 24/17M MM 01TM 2V07M U 23/ffM 2VMM WM 23/1?M 2 VMM 24/D*M
        1,683 words
      • 187 41 Jul 24 Venezuela: Liberator's Birthday. Jul 28 Spain Market and public holiday in Madrid, Santiago Apostol. Tanzania: Agriculture Day. Tunisia: Republic Day. Jul 28 Peru:lndependence Day. ami Switzerland: National Day. Zambia: Farmers Day. Aag4 Australia Bank Holiday (New South Wales and Northern Territory only). Canada Civic Holiday (market
        187 words
      • 840 41 THIS report, compiled by Cockett Marine Oil Ltd. *how* price ranee* In US dollar* Instead of tingle price* for a more comprehensive description of the market Price* thown are based on average sized stem. Market movement* are indicated. The Cockett Bunker Price Index change and the
        840 words
      • 376 41 Carta* MO Mai 992.9 0.5 15.4 0.00 75 047 M n OMSftY Katar IhMm A* AIwWm Si—irt Mo alow £25 > 0 I 0 300 Aw 906.9 Oi 12.4 0.04 39 0.02 ta2 3«0 Mai mi 0.9 17.6 0.12 M 049 .f ■on %»n *101 WW
        376 words
    • ATR & LAND transport news
      • 485 42 Europeans also suddenly hopeful a deal could be reached with Boeing Reuter [WASHINGTON] President Bill Clinton said on Tuesday there was still time to work out an agreement to avoid an "unfortunate trade conflict" with Europe over the BoeingMcDonnell Douglas merger. In
        Reuter  -  485 words
      • 70 42 [CALIFORNIA] Nasa rocket scientist Dr Daniel Goldin holds a model of theX-33 "Venture Star" spacecraft that will replace the Space Shuttle. The X 33 which will be built by Lockheed Martin, beating out two other aerospace industries and will provide the United States with a reusable
        AFP  -  70 words
      • 187 42 [SINGAPORE] Emirates Airlines has been voted the best Middle East airline by travel agents across 41 countries. This is the fourth consecutive year the airline has won the award, which is the result of an annual worldwide poll conducted by Britain's World
        187 words
      • 314 42 Bloomberg News [ST GEORGE, Utah] UAL Corp's United Airlines signed a new marketing agreement with Sky West Airlines that will expand its United Express commuter service in the western US. The agreement includes eight routes out of Los Angeles that are at
        Bloomberg News  -  314 words
      • 512 42 It has been buying firms with the technology to piece together the system Bloomberg [TOKYO] Toyota Motor Corp is stepping up investment in technologies that will let travellers know where to find the nearest gas station, avoid traffic jams and
        Bloomberg  -  512 words
      • 642 42  -  It denies talks with Ttai to join Star alliance; to focus on capacity and frequency increases By\ Felix Chan [SINGAPORE] All Nippon Airways (ANA) yesterday said it has no immediate plans to join any airline alliance, but would focus on strengthening its Asian and
        642 words
      • 1490 42 CITY FLIGHT HA FLIGHT ETD Adelaide 0F81 1930 0F82 2055 WIW WO Wff40 M». S0229 2220 Hat Vai TG407 2105 TG408 0620 Amsterdam KL843 0455 RL838 2300 MIW5 2150 WW W6 0L25 0655 0L26 2355 HoCMMMi VN741 1310 S0172 0930 5025 0655 $026 2355 S0171 1420
        1,490 words
  • Page 27 Advertisements
    • 16 27 US firm building China's largest logistics centre The joint-venture has future growth in mind. Page 2
      16 words
    • 123 27 Boeing row; Clinton seeks solution with EC Europeans are also hopeful of a deal. Back Page Bo,' 9 ■K B EAS International Shipping Pte Ltd S BEAS International Transportation (S pore) Pte Ltfl I EAS International Transportation Ltd China I S Croupage By Seafrekjht/Consol By Airfreight To:- -jfl Beijinja/Shanghai/Suzhou/Wuxi/Tianjin/Tanggu/Xianvmdjjß Dalian/Qingdao/Xian
      123 words

  • Page 28 Advertisements
    • 1122 28 i export 1 i other destinations I MBgGT*OWMf CO*BT If 1 WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) vissa vor rasMlmsMl u|oM|va|su|Mi|HOu|a«c|Mr iKncoan j\ 3 <n» vot w Immwiiw* I «■>«■«) |mum<wz ■■n.i.n.nm.r "TTTTT" TTZT TT= WMOtfmM Mil B/17 M/M 17/ M M/M OM M/M M/M SSSSSSg IE? SS SS
      1,122 words
    • 701 28 Lines services representet AmSmV by Members of the Registry of lllavi7 Accredited Sapping Agents. S pore National Shipping Asso thmm AI Mia Memoers or tne Singapore Freight Forwarders' Association. m*.9> m pfoneer Sjmice ~M ml ,C DTRK "V Seoul K .'.>*•> ."<* r<\ n I EXPORT 3 Japon •2 Hongkong
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  • Page 29 Advertisements
    • 947 29 PftQFK SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU I VESSfI yQff JD mSM ETD LAX Oil WEI QO WC _J®L_ API JAPAN 0171 23/07 23/07 24/07 01/01 12/01 13/00 13/0* M/ 00 14/00 M/* mrtmt 0171 21/00 30/07 31/07 is/o» 10/00 »/oo 20/00 JiZjj a/oo_ j2/oo_ OIIHMUP 0151
      947 words
    • 1870 29 (g) HANJIN SHIPPING CANADA* m hau/voy SS m pm iiw top cm bit m m iw mm ops oa iw vti U mom, ftn n/V M/oT I U/W "»4/W IS/W" 17/01 17/ a 10/ a "7*/W 10/W M/M IP/a IP/a B/W a/W U/W B/W W/a y «mam 6441 a/07 31/W
      1,870 words
    • 100 29 ORIENT EXPRESS LINES (U.K.) LIMITED OfcL (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (jOMBA)QjHUTTLE_ VtSSft VOY SINCAHWE IQIIIAY VESSEL VOY HHMAY SWGAPOtI MEGHNA 827 28/07 05/08 MEGHNA 826 20/07 28/07 NORDKAP 414 01/08 09/08 NORDKAP 413 23/07 01/06 AJTHA PARICHART 005 04/08 10/08 JUTHA PARICHART 004 27/08 04/06 ALBERT BRIDGE
      100 words

  • Page 30 Advertisements
    • 1400 30 <<r DSR-SENATOR An Round the World Container Services TO UK/CONTINENT FHOM UK/CONTINENT |«na Iwr KTI urn m 11» nam Im lum l|*ssa vot lha m btm smi I ham Ism J MEMBisauTOR wf?s" HST ~um" Sm "Sir tut 17 n mm st rnnisauHS sbmton eetsi mm m m tin mm
      1,400 words
    • 847 30 NOR ASIA I VESSEL VOY ISM I OOA LAS BCL VAL ALO HOT ROC > ART FEL LMA NOR SHANGHAI 1721-3 3M7 UM 14M US JHI M JW 2IS All Ml JMI MSC ALEXA 1731-3 IMM 22M 21M M CiM OU9 Ml lU9 ?W 27« NORFRBOURG 1731-3 UM 29M MM
      847 words
    • 536 30 LINE £L TIL: MSI3IS FAX: *****37 1 MUARA 1 1 LABUAN vksii vor nt n vnsa vm m m SfOCE SfOtl LM an. turn vik/17 2s/07 n/w uvlguw vi*/t; is/o/ mora vm/97 M/ 07 m/oi jrtosret vi 71/97 so/o; 03/00 «ntcum vi ii/i7 03/ M m/n jtmaotr vm/*/ 01/00 07/01
      536 words

  • Page 31 Advertisements
    • 1329 31 IVEBBCL voy am pou PKO pew BLW I BA I BIK ~1 RAN QHEYAMAT PJL-1248 29/07/97 09/08/97 31/07/97 10/08/97 14/08/97 MAN MEELAD PJL-1238 30/08/97 18/07/97 11/07/97 MAN QHEYAMAT PJL-1238 21/08/97 01/07/97 MAN YAAMH PJt-1228 10/08/97 20/06 M ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN,
      1,329 words
    • 1064 31 I COSTAR SHIPPING PTE LTD •17-mdkhog saiis/kgs 4»si4i/43 mwaid dept (O/O) *****1S COSTAR AGENCIES (M) SDN BND q WO: liy»y>9Qoool> TOWB TWO (OMIOf) T/SHMT DCfT *****25 TIL M-W-35 ***** fAX: 03-<y-3S3HyO I vst/wr fwHw sw u «0 n on a o*l mo ha sha m f»~l f s?f IJ2K 2KS
      1,064 words
    • 492 31 f!-L IPERKAPATAN DAI ZHUN A If TONGJOO SHIPPING PTE LTD CR NO; **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KSCMM -lib 33*345 KUCHIMG-FASTiST TMJUISITA MNUUtA-HtMHttTY KKTM A Mit *****0 f f POKTKUM TEL- 3****** GtKIM 0750 24/07 GWM 0750 14/07 GISOON 9711S M/ 07 GUOO
      492 words

  • Page 32 Advertisements
    • 1265 32 EUROPEAJK/SCAHOIWAVtA/RHLAMD/RUSSIA rep ROM ANW HB6 THP ZEE LHV LHV THP ROM AWW HM PRL SOP E. RENOWN RW-024 X VMB IMB 18*8 *M 2MB 8*97 81/07 8*97 B£7 2M7 »B7 r nAiiiTY QUl.mi 1 iwoi mjm x/M 22/08 23/ M 24/D8 2S/H E. GLEEFUL RE*o4o IW» IW* ®W 11/w# W
      1,265 words
    • 1051 32 A WW k VOYAGE S6P Dili JU IN DM UH IWT Ml VISSEI VOYAGE MM JM Ml OMN MH Sfif D NIIFSOI* 77f17 0//N 07/N UNICONCOtD *****301 IW W 14/07 IS/07 14/07 70/07 M N17R0150 03,N 14/ M 14/ M UNI COtONA o*l-03* 70/07 70/07 11/07 72/07 73/07 04/N Ateo
      1,051 words
    • 475 32 NANTAILINE] FIIUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa vot sin I m I ww I (F~ mm rang ous v/v io/m h/n ■MgnggS 021S 01/06 li/M 25/01 22/01 WO Hi Pits 14/0t 2t/M 31/W 03/W mmrmass ous ?s/w 13/09 io/w mraiouai 022s 3i/w o»/oi iyw 17/w NAMUICTUGOK 001S 07/09
      475 words

  • Page 33 Advertisements
    • 499 33 M MYANMA \BBBk FIVE STAR UNE T (MyniMr Hathd U»o) w Loodwg far Yo»joo (Ifwl vnsa vot sw pig rei pgii pagan tm w notch mjw a# MUM* AGENTS: MUSTUD SMPPM6 AGMCKS KUL m OM3-*****00 PU: TU 02-03-*****01 PBt IE 07-04-2****** WO: IE 02-07-*****21/4 BANK LINE (A sonrict «l Aadrtw
      499 words
    • 1106 33 HYUNDAI MERCHANT MARINE CO. I3P. WESTBOUND TO EUROPE BKG: *****32 Imw IXL I .SI. I .B. I 18. I ,BL 1 .{ft I w« I KSST" W. s;s »rn "Z 2'S ?,Z «rn SwSk 5S EASTBOUNP TO FAR EAST rcmn vot uh m r H*a I Fa I m «w
      1,106 words
    • 456 33 FAMOUS CONTAINER LINES fflßl 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 JJr HOT UNE: *****33 (30 UNES) *i.C—E-MMLADWIII Q*Nhnio«Hß.c—J| DAILY SAIUNC TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 WEEKLY SAILING TO CANADA ON WEDNESDAY j
      456 words


  • Page 35 Advertisements
    • 46 35 To retrieve more schedules, just follow these simple steps... document MDia\ 740-6000 tep be faxed Ft p the port *\gnter your StepA Step key in the four .^honenumber digitcode Key in your Exampte: fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      46 words


  • Page 37 Advertisements
    • 415 37 w k| y lXl Kl M Swvku to Caribbean It hipping Central America APIIAMN API KOREA 017E 017E Port Country 23/07 30/07 BaluaCity Bolize 26/08 02/09 Bridgatown Barbados 29/08 05/09 Cartogwia Colombia 28/08 04/09 Carinas St. Lucia 28/08 04/09 Fort de France Martinique 29/08 05/09 Frwport Bahamas 24/08 31/08 Kingston
      415 words
    • 1054 37 ADVANCE CONTAINER UNES (PTE) LTD M A I 140 Cecil Street #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********06 iAWOKOK Jakarta 1 (sSatltmOWaafclaPAT, (4 Sallla«a/WMt) an vnsa Ivor I xr |^T~ ANAN BHLIM 76N 02/06 So, Z«*7 US KOTABERKAT JKT23I_ 27/07 Sun
      1,054 words
    • 832 37 ll^llggggi^H Ivesoels Ivor aw I jb> wo I iffl I ham htm thp anr VOXE D*AQUARIUS U2IW 28X07 08W8 IQWB 18*08 20*08 22/08 ZyOB 2W W-LE DC TAURUS A2IW 08/08 13/08 IMB M/OB 2MOB 27/08 gj» 20W8 MUf OECAWNA C2IW KVOB 2M» 22/08 31/08 01/08 03/08 04/08 08/08 VrLEDCSAOUTA 821W
      832 words

  • Page 38 Advertisements
    • 963 38 ttMMi I *1 VESSEL VOY SIN BKK VESSEL VOY J SIN PKL 7ZT m, 11.8 ZT/01 ANAN BHUM 70N Sat 26/07 Tim 29/07 JABU BHUM 1 £Tb£T 5% -WS-155T- l«"l I YANTRA BHUM** 198N Sun 27/07 w»d 30/07 PINANO ORA BHUM 19N Mon 28/07 Thu 31/07 ypy?gi |vQY SIN PEN
      963 words
    • 668 38 I PUL INTERNATIONAL LINE Mn^SfrERNATKNAL I IILZZZEZ+ISkt*• *>4*lsoc(a^/MJtUTZM.MSZ Sucaa ffls I ffl I v v\ Hg jfV lin I H/ij I fa/071 wa K/ot 1 SraSi I 9711 I 21/07 I MOM I ftl/M IfMI AH I imf" tfc I frffi Iff I irif ffl. fiflfl I iff I il/81
      668 words
    • 711 38 J| ACCORD A SHIPPING PTE LTD C=X TIL *****56 (40 LifiM) PAX 2255M6 KMT SUM 6 (03) H7 Ml Mk DMECT ACCESS TEL: *****57 (EXPOBT BOOKINO) FASB 6UOAMG (t/) SSI IS/7 225M87 (EXPORT DOC), *****64 (IMPOST) PSMSG (04)*****44 wwwww U»L:HTTP://WWWJkCCOCO.COM.SO MMMTA (II) MC 0770 POtf n» WW W>W ETA SIN
      711 words

  • Page 39 Advertisements
    • 534 39 SINO EXPRESS SHIPPING r^\ f 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI J S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SIHOTRAHS SHANGHAI (CONTAINER SERVICE) VBSa VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI NORDSUND 9702 18/07 24/07 28/07 NEW HAIHUNG I 9706 25/07 30/07 04/08 GOOD WELL 9720 OVOjj
      534 words
    • 255 39 MOi It99tE99t&9tt& Rwajw&S?S>w7 •mAmw.ffpanwo EX PKG TO HONGKONG IX M 8 I 0 PUSAN I wi^MK/Ktu^Mi MV "CY EXPRESS' V.729N MV -EUROPEAN EXP* VO9N MV T3to JAVA" V 7206 ETA PKG: 27-7-97 ETA PKG: 29-7-97 ETA PKG: 27-7-97 BKO CALLx HIKW/ VIVMN/CHKKYL Til APIUMPI/SYPMIY/IiIIBOURNiI AUCKLAND MV "BYRON BAY" ¥078 MV
      255 words
    • 147 39 jfiSMMNHRRR^ ■sv TRADER 22/07 27/07 NvVßdm/Atw/UK I ■MURATKRAN ICVOB Nanffidm/AtN/BrnVUK fl ■storm WIND 15/08 18AM NwVRdrrVAIWUK I ■ocean ISLAND ISAM NwVRdnVAIWUK I H- Loads EVW MMayan. IndoneM J II Loadrig tor ■SEA RESOURCE I ■C. KAPTANOGLU J®dd*VAqaba/Egypt/Syna I ■ARETUS Dubai/Bahrairt/DammarVKuwait I ■muIPHA SIBU Dubat/Bahran/Damman/Kuwait I u»AS Jeddah/Aqabal/Afeena I toadi Singapore.
      147 words

  • Page 40 Advertisements
    • 668 40 Shipping Times ■"SUSINESSCENTRE. THURSDAY, JULY 24,1997 Page 14 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. J| Call 740-6000 Press T& key in
      668 words

  • Page 41 Miscellaneous
    • 113 41 LEGEND VSU», w...h^» Swtaci wiadt or* Micattd by arrow* wkidi fly witfi Ik* wind 0 On* ful cirda rapre**nts colm or light and variable wind* On* half fl*ch* r*pr**ant* 5 knot* I L* On* ful flacha r*pr***nt* 10 knot* On* *okd tnongl* r*pr***nt* SO knot* W«v* in amt* of 0.5
      113 words

  • Page 42 Advertisements
    • 63 42 M.V. "LION HEART" VOY 16 ARRIVED 18 JULY 1997 M.V. "JUPITER ACE" VOY 88 ARRIVED 20 JULY 1997 Consignees of all damaged cargoes ex Ihe captioned vessels are hereby notified that a general survey will be held on 25 July 1997 0900-1200 hours at PPW PT9. No further survey will
      63 words